N-Q 1 d392025dnq.txt DFA INVESTMENT DIMENSIONS GROUP, INC. ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- FORM N-Q ----------------- 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, PRESIDENT AND GENERAL COUNSEL 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: JULY 31, 2017 ================================================================================ ITEM 1. SCHEDULE OF INVESTMENTS. DFA INVESTMENT DIMENSIONS GROUP INC. FORM N-Q July 31, 2017 (UNAUDITED) Table of Contents DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES SCHEDULES OF INVESTMENTS Enhanced U.S. Large Company Portfolio U.S. Large Cap Value Portfolio U.S. Targeted Value Portfolio U.S. Small Cap Value Portfolio U.S. Core Equity 1 Portfolio U.S. Core Equity 2 Portfolio U.S. Vector Equity Portfolio U.S. Small Cap Portfolio U.S. Micro Cap Portfolio DFA Real Estate Securities Portfolio Large Cap International Portfolio International Core Equity Portfolio International Small Company Portfolio Global Small Company Portfolio Japanese Small Company Portfolio Asia Pacific Small Company Portfolio United Kingdom Small Company Portfolio Continental Small Company Portfolio DFA International Real Estate Securities Portfolio DFA Global Real Estate Securities Portfolio DFA International Small Cap Value Portfolio International Vector Equity Portfolio World ex U.S. Value Portfolio World ex U.S. Targeted Value Portfolio World ex U.S. Core Equity Portfolio Selectively Hedged Global Equity Portfolio Emerging Markets Portfolio Emerging Markets Small Cap Portfolio Emerging Markets Value Portfolio Emerging Markets Core Equity Portfolio U.S. Large Cap Equity Portfolio DFA Commodity Strategy Portfolio DFA One-Year Fixed Income Portfolio DFA Two-Year Global Fixed Income Portfolio DFA Selectively Hedged Global Fixed Income Portfolio DFA Short-Term Government Portfolio DFA Five-Year Global Fixed Income Portfolio DFA World ex U.S. Government Fixed Income Portfolio DFA Intermediate Government Fixed Income Portfolio DFA Short-Term Extended Quality Portfolio DFA Intermediate-Term Extended Quality Portfolio DFA Targeted Credit Portfolio DFA Investment Grade Portfolio DFA Inflation-Protected Securities Portfolio DFA Short-Term Municipal Bond Portfolio DFA Intermediate-Term Municipal Bond Portfolio DFA California Short-Term Municipal Bond Portfolio DFA California Intermediate-Term Municipal Bond Portfolio DFA NY Municipal Bond Portfolio Dimensional Retirement Income Fund Dimensional 2045 Target Date Retirement Income Fund Dimensional 2050 Target Date Retirement Income Fund Dimensional 2055 Target Date Retirement Income Fund Dimensional 2060 Target Date Retirement Income Fund Dimensional 2005 Target Date Retirement Income Fund Dimensional 2010 Target Date Retirement Income Fund Dimensional 2015 Target Date Retirement Income Fund Dimensional 2020 Target Date Retirement Income Fund Dimensional 2025 Target Date Retirement Income Fund Dimensional 2030 Target Date Retirement Income Fund Dimensional 2035 Target Date Retirement Income Fund Dimensional 2040 Target Date Retirement Income Fund DFA Short-Duration Real Return Portfolio DFA Municipal Real Return Portfolio DFA Municipal Bond Portfolio CSTG&E U.S. Social Core Equity 2 Portfolio CSTG&E International Social Core Equity Portfolio World Core Equity Portfolio DFA LTIP Portfolio U.S. Social Core Equity 2 Portfolio U.S. Sustainability Core 1 Portfolio International Sustainability Core 1 Portfolio International Social Core Equity Portfolio Emerging Markets Social Core Equity Portfolio Tax Managed U.S. Marketwide Value Portfolio Tax Managed U.S. Equity Portfolio Tax Managed U.S. Targeted Value Portfolio Tax Managed U.S. Small Cap Portfolio T.A. U.S. Core Equity 2 Portfolio Tax-Managed DFA International Value Portfolio T.A. World ex U.S. Core Equity Portfolio LWAS/DFA International High Book to Market Portfolio VA U.S. Targeted Value Portfolio VA U.S. Large Value Portfolio VA International Value Portfolio VA International Small Portfolio VA Short-Term Fixed Portfolio VA Global Bond Portfolio VIT Inflation-Protected Securities Portfolio DFA VA Global Moderate Allocation Portfolio U.S. Large Cap Growth Portfolio U.S. Small Cap Growth Portfolio International Large Cap Growth Portfolio International Small Cap Growth Portfolio DFA Social Fixed Income Portfolio DFA Diversified Fixed Income Portfolio U.S. High Relative Profitability Portfolio International High Relative Profitability Portfolio VA Equity Allocation Portfolio DFA MN Municipal Bond Portfolio NOTES TO SCHEDULES OF INVESTMENTS Organization Security Valuation Financial Instruments Federal Tax Cost Other Subsequent Event Evaluations THE DFA INVESTMENT TRUST COMPANY SCHEDULES OF INVESTMENTS The U.S. Large Cap Value Series 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 The Emerging Markets Small Cap Series The Tax-Managed U.S. Marketwide Value Series NOTES TO SCHEDULES OF INVESTMENTS Organization Security Valuation Financial Instruments Federal Tax Cost Other Subsequent Event Evaluations DIMENSIONAL EMERGING MARKETS VALUE FUND SCHEDULE OF INVESTMENTS NOTES TO SCHEDULE OF INVESTMENTS Organization Security Valuation Financial Instruments Federal Tax Cost Subsequent Event Evaluations 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 AGM Assured Guaranty Municipal Corporation AMBAC American Municipal Bond Assurance Corporation ASSURED GTY Assured Guaranty BAN Bond Anticipation Notes CP Certificate Participation ETM Escrowed to Maturity FGIC Federal Guaranty Insurance Corporation FSA Financial Security Assurance GDR Global Depositary Receipt GO General Obligation GO OF AUTH General Obligation of Authority GO OF DIST General Obligation of District GO OF CMNWLTH General Obligation of Commonwealth GO OF UNIV General Obligation of University NATL-RE Credit rating enhanced by guaranty or insurance from National Public Finance Guarantee Corp. NATL-RE FGIC National Public Finance Guarantee Corp. Re-insures Financial Guaranty Insurance Co. P.L.C. Public Limited Company PSF-GTD Public School Fund Guarantee RB Revenue Bond REIT Real Estate Investment Trust RN Revenue Note SA Special Assessment SCH BD RES FD School Board Resolution Fund SCH BD GTY School Bond Guaranty SCSDE South Carolina State Department of Education SD CRED PROG School District Credit Program SPDR Standard & Poor's Depositary Receipts ST Special Tax ST AID WITHHLDG State Aid Withholding TAN Tax Anticipation Notes TRANS Tax and Revenue Anticipation Notes UP Unrefunded Portion AUD Australian Dollars CAD Canadian Dollars DKK Danish Krone EUR Euro GBP British Pounds JPY Japanese Yen NOK Norwegian Krone NZD New Zealand Dollars SEK Swedish Krona SGD Singapore Dollars USD United States Dollars 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. ** Calculated as a percentage of total net assets. Percentages shown parenthetically next to the category headings have been calculated as a percentage of total investments. "Other Securities" are those securities that are not among the top 50 holdings of the Fund or do not represent more than 1.0% of the net assets of the Fund. Some of the individual securities within this category may include Total or Partial Securities on Loan and/or Non-Income Producing Securities. * Non-Income Producing Securities. # Total or Partial Securities on Loan. @ Security purchased with cash proceeds from Securities on Loan. ^ Denominated in USD, unless otherwise noted. ^^ See Federal Tax Cost Note within the Notes to Schedules of Investments. (degrees) Security is being fair valued as of July 31, 2017. -- Amounts designated as -- are either zero or rounded to zero. (S) Affiliated Fund. ## Rule 144A, Section 4(2), or other security which is restricted as to resale to institutional investors. The Fund's Advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. ++ Security pledged as collateral for the Open Futures Contracts. ++ Security pledged as collateral for Swap Agreements. (r) The adjustable/variable rate shown is effective as of July 31, 2017. (currency) Pre-refunded bonds are collateralized by U.S. Government or other eligible securities which are held in escrow and used to pay principal and interest and retire the bonds at the earliest refunding date (payment date) and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). ALL STATEMENTS, SCHEDULES AND NOTES TO FINANCIAL STATEMENTS ----------------------------------------------------------- CPI Consumer Price Index ENHANCED U.S. LARGE COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- BONDS -- (80.8%) AUSTRALIA -- (7.1%) Commonwealth Bank of Australia ## 1.375%, 09/06/18 3,995 $ 3,983,286 5.000%, 10/15/19 3,000 3,190,518 National Australia Bank, Ltd. 1.875%, 07/23/18 2,500 2,507,775 2.125%, 05/22/20 2,941 2,949,235 Westpac Banking Corp. 1.550%, 05/25/18 401 400,969 2.250%, 07/30/18 3,000 3,018,870 1.950%, 11/23/18 1,111 1,114,088 2.250%, 01/17/19 3,200 3,225,549 ----------- TOTAL AUSTRALIA 20,390,290 ----------- AUSTRIA -- (2.4%) Oesterreichische Kontrollbank AG 1.125%, 04/26/19 2,000 1,984,786 1.750%, 01/24/20 5,000 5,010,780 ----------- TOTAL AUSTRIA 6,995,566 ----------- BELGIUM -- (0.4%) Anheuser-Busch InBev Worldwide, Inc. 5.375%, 01/15/20 1,123 1,217,822 ----------- CANADA -- (9.7%) Alberta, Province of Canada 2.000%, 06/01/19 CAD 1,000 809,264 Bank of Montreal 2.100%, 12/12/19 680 683,473 Bank of Nova Scotia (The) 2.050%, 10/30/18 183 183,912 Ontario, Province of Canada 2.000%, 09/27/18 2,200 2,211,816 4.400%, 06/02/19 CAD 1,000 843,890 Province of Ontario Canada 4.400%, 04/14/20 5,000 5,333,295 Royal Bank of Canada 1.500%, 06/07/18 500 499,559 2.200%, 07/27/18 500 503,035 2.000%, 12/10/18 2,599 2,611,579 2.770%, 12/11/18 CAD 2,100 1,708,449 2.150%, 03/15/19 1,985 1,999,834 Toronto-Dominion Bank (The) 1.400%, 04/30/18 3,000 2,998,731 1.750%, 07/23/18 2,000 2,004,580 1.450%, 09/06/18 1,000 999,083 1.950%, 01/22/19 400 401,717 Toyota Credit Canada, Inc. 2.800%, 11/21/18 CAD 3,000 2,439,848 FACE AMOUNT^ (000) VALUE+ ------- ----------- CANADA -- (Continued) 1.800%, 02/19/20 CAD 2,000 $ 1,596,760 ----------- TOTAL CANADA 27,828,825 ----------- DENMARK -- (1.9%) Kommunekredit 1.250%, 08/27/18 5,300 5,288,107 ----------- FINLAND -- (1.0%) Municipality Finance P.L.C. ## 1.250%, 09/10/18 1,000 997,319 1.250%, 09/10/18 2,000 1,994,638 ----------- TOTAL FINLAND 2,991,957 ----------- FRANCE -- (1.3%) BPCE SA 1.625%, 01/26/18 1,000 999,430 Caisse des Depots et Consignations 1.500%, 11/13/18 600 598,715 Societe Generale SA 2.750%, 10/12/17 1,980 1,985,330 ----------- TOTAL FRANCE 3,583,475 ----------- GERMANY -- (5.2%) Daimler Finance North America LLC ## 2.250%, 03/02/20 1,500 1,506,270 Deutsche Bank AG 6.000%, 09/01/17 502 503,643 Erste Abwicklungsanstalt 1.125%, 02/12/18 2,000 1,995,310 1.250%, 03/15/18 1,400 1,396,920 FMS Wertmanagement AoeR 1.750%, 01/24/20 1,000 1,002,887 Kreditanstalt fuer Wiederaufbau 1.500%, 02/06/19 1,000 1,000,640 Landwirtschaftliche Rentenbank 1.750%, 04/15/19 2,000 2,009,086 State of North Rhine-Westphalia 1.375%, 07/16/18 2,500 2,497,745 1.625%, 01/22/20 1,000 996,389 Volkswagen Group of America Finance LLC 2.450%, 11/20/19 2,000 2,016,618 ----------- TOTAL GERMANY 14,925,508 ----------- IRELAND -- (1.3%) Allergan Funding SCS 3.000%, 03/12/20 1,200 1,227,895 Medtronic, Inc. 2.500%, 03/15/20 2,500 2,545,500 ----------- TOTAL IRELAND 3,773,395 ----------- ENHANCED U.S. LARGE COMPANY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- JAPAN -- (3.1%) Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) ## 2.300%, 03/05/20 1,400 $ 1,404,224 Beam Suntory, Inc. 1.750%, 06/15/18 1,000 998,692 Development Bank of Japan, Inc. 1.625%, 09/25/19 2,000 1,985,338 Toyota Motor Credit Corp. 1.550%, 07/13/18 1,500 1,500,960 2.000%, 10/24/18 500 503,000 1.550%, 10/18/19 2,500 2,489,220 ----------- TOTAL JAPAN 8,881,434 ----------- NETHERLANDS -- (9.3%) Bank Nederlandse Gemeenten NV ## 1.000%, 09/20/18 5,000 4,971,500 1.375%, 01/28/19 500 498,611 1.875%, 06/11/19 2,954 2,968,297 Cooperatieve Rabobank UA 1.700%, 03/19/18 3,435 3,439,699 2.250%, 01/14/19 4,144 4,181,648 Nederlandse Waterschapsbank NV ## 1.500%, 01/23/19 2,000 1,998,434 1.625%, 03/04/20 2,000 1,991,824 Shell International Finance BV 1.625%, 11/10/18 2,870 2,871,736 2.000%, 11/15/18 800 804,489 1.375%, 09/12/19 3,000 2,984,976 ----------- TOTAL NETHERLANDS 26,711,214 ----------- NORWAY -- (2.1%) Kommunalbanken A.S. 1.750%, 05/28/19 500 501,288 Statoil ASA 1.950%, 11/08/18 1,000 1,003,351 2.250%, 11/08/19 4,461 4,505,579 ----------- TOTAL NORWAY 6,010,218 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (1.1%) Council Of Europe Development Bank 1.625%, 03/10/20 3,000 2,994,603 ----------- SWEDEN -- (1.0%) Kommuninvest I Sverige AB 1.125%, 10/09/18 700 697,035 2.000%, 11/12/19 2,000 2,015,872 ----------- TOTAL SWEDEN 2,712,907 ----------- FACE AMOUNT^ (000) VALUE+ ------- ---------- SWITZERLAND -- (0.4%) Credit Suisse AG 2.300%, 05/28/19 1,000 $1,009,062 ---------- UNITED KINGDOM -- (1.7%) BAE Systems Holdings, Inc. ## 6.375%, 06/01/19 480 517,190 BP Capital Markets P.L.C. 2.315%, 02/13/20 2,550 2,582,130 HSBC USA, Inc. 2.375%, 11/13/19 1,000 1,011,709 Network Rail Infrastructure Finance P.L.C. 1.750%, 01/24/19 667 668,479 ---------- TOTAL UNITED KINGDOM 4,779,508 ---------- UNITED STATES -- (31.8%) American Express Credit Corp. 2.250%, 08/15/19 1,500 1,515,210 1.700%, 10/30/19 500 498,036 Amgen, Inc. 2.200%, 05/11/20 1,000 1,008,877 Apple, Inc. 1.100%, 08/02/19 3,000 2,971,686 1.800%, 05/11/20 2,000 2,005,086 Bank of America Corp. 5.650%, 05/01/18 1,500 1,542,252 Bank of New York Mellon Corp. (The) 2.150%, 02/24/20 2,000 2,016,876 Becton Dickinson and Co. 2.675%, 12/15/19 2,100 2,132,995 Bristol-Myers Squibb Co. 1.600%, 02/27/19 2,500 2,499,355 Capital One NA/Mclean 2.350%, 01/31/20 1,500 1,506,879 Caterpillar Financial Services Corp. 1.500%, 02/23/18 1,500 1,498,143 1.350%, 05/18/19 1,000 994,355 Chevron Corp. 1.686%, 02/28/19 1,610 1,614,257 2.193%, 11/15/19 3,500 3,536,414 Cisco Systems, Inc. 1.650%, 06/15/18 2,800 2,805,099 1.600%, 02/28/19 1,743 1,744,886 4.450%, 01/15/20 747 796,907 Citibank NA 2.100%, 06/12/20 1,000 1,003,971 Citigroup, Inc. 2.500%, 09/26/18 1,000 1,008,193 Citizens Bank NA 2.450%, 12/04/19 2,200 2,219,758 ENHANCED U.S. LARGE COMPANY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Dominion Energy, Inc. 2.500%, 12/01/19 2,000 $2,019,712 Dr. Pepper Snapple Group, Inc. 2.600%, 01/15/19 1,184 1,197,171 Eastman Chemical Co. 2.700%, 01/15/20 2,000 2,025,228 Energy Transfer L.P. 2.500%, 06/15/18 1,000 1,005,499 Enterprise Products Operating LLC 5.250%, 01/31/20 2,000 2,150,348 Exelon Generation Co. LLC 2.950%, 01/15/20 2,000 2,042,122 Express Scripts Holding Co. 2.250%, 06/15/19 2,000 2,011,492 Ford Motor Credit Co. LLC 2.551%, 10/05/18 1,500 1,511,294 1.897%, 08/12/19 425 423,033 General Electric Co. 2.200%, 01/09/20 1,000 1,010,350 General Motors Financial Co., Inc. 3.150%, 01/15/20 1,600 1,633,280 Goldman Sachs Group, Inc. (The) 6.000%, 06/15/20 1,000 1,104,311 Humana, Inc. 2.625%, 10/01/19 2,000 2,024,966 International Business Machines Corp. 1.875%, 05/15/19 775 779,066 JM Smucker Co. (The) 2.500%, 03/15/20 436 440,956 John Deere Capital Corp. 1.250%, 10/09/19 1,500 1,486,235 JPMorgan Chase & Co. 2.250%, 01/23/20 1,000 1,007,528 KeyBank NA 1.650%, 02/01/18 1,000 1,000,641 Kraft Heinz Foods Co. 5.375%, 02/10/20 1,500 1,620,143 Laboratory Corp. of America Holdings 2.200%, 08/23/17 1,097 1,097,321 Manufacturers & Traders Trust Co. 2.100%, 02/06/20 400 401,804 Markel Corp. 7.125%, 09/30/19 527 580,861 Marriott International, Inc. 6.750%, 05/15/18 845 876,493 Microsoft Corp. 1.850%, 02/06/20 3,000 3,012,822 Morgan Stanley 2.375%, 07/23/19 2,000 2,016,886 FACE AMOUNT^ (000) VALUE+ ------- ------------ UNITED STATES -- (Continued) Newell Brands, Inc. 2.150%, 10/15/18 1,400 $ 1,408,354 Nuveen Finance LLC ## 2.950%, 11/01/19 1,000 1,017,574 Pfizer, Inc. 2.100%, 05/15/19 3,000 3,031,086 Quest Diagnostics, Inc. 4.750%, 01/30/20 1,131 1,205,294 Reynolds American, Inc. 2.300%, 06/12/18 1,000 1,004,744 Ryder System, Inc. 2.450%, 09/03/19 2,000 2,019,920 Scripps Networks Interactive, Inc. 2.750%, 11/15/19 2,000 2,021,630 Southern Co. (The) 1.300%, 08/15/17 260 259,997 1.550%, 07/01/18 400 399,628 Textron, Inc. 7.250%, 10/01/19 1,500 1,662,009 Time Warner, Inc. 4.875%, 03/15/20 2,000 2,145,560 Total System Services, Inc. 2.375%, 06/01/18 700 702,311 Tyson Foods, Inc. 2.650%, 08/15/19 2,000 2,029,290 Verizon Communications, Inc. 3.650%, 09/14/18 800 817,806 Zimmer Biomet Holdings, Inc. 2.700%, 04/01/20 2,000 2,024,228 ------------ TOTAL UNITED STATES 91,148,228 ------------ TOTAL BONDS 231,242,119 ------------ U.S. TREASURY OBLIGATIONS -- (18.8%) U.S. Treasury Notes 1.125%, 03/31/20 32,700 32,430,487 1.500%, 05/15/20 3,500 3,501,914 1.375%, 05/31/20 2,500 2,492,578 ENHANCED U.S. LARGE COMPANY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ------------ 1.625%, 06/30/20 15,500 $ 15,552,669 ------------ TOTAL U.S. TREASURY OBLIGATIONS 53,977,648 ------------ TOTAL INVESTMENT SECURITIES 285,219,767 ------------ SHARES ------- SECURITIES LENDING COLLATERAL -- (0.0%) (S)@ DFA Short Term Investment Fund 114 1,323 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $285,562,225)^^ $286,223,450 ============ ENHANCED U.S. LARGE COMPANY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ------------ ------- ------------ Bonds Australia -- $ 20,390,290 -- $ 20,390,290 Austria -- 6,995,566 -- 6,995,566 Belgium -- 1,217,822 -- 1,217,822 Canada -- 27,828,825 -- 27,828,825 Denmark -- 5,288,107 -- 5,288,107 Finland -- 2,991,957 -- 2,991,957 France -- 3,583,475 -- 3,583,475 Germany -- 14,925,508 -- 14,925,508 Ireland -- 3,773,395 -- 3,773,395 Japan -- 8,881,434 -- 8,881,434 Netherlands -- 26,711,214 -- 26,711,214 Norway -- 6,010,218 -- 6,010,218 Supranational Organization Obligations -- 2,994,603 -- 2,994,603 Sweden -- 2,712,907 -- 2,712,907 Switzerland -- 1,009,062 -- 1,009,062 United Kingdom -- 4,779,508 -- 4,779,508 United States -- 91,148,228 -- 91,148,228 U.S. Treasury Obligations -- 53,977,648 -- 53,977,648 Securities Lending Collateral -- 1,323 -- 1,323 Futures Contracts** $8,444,237 -- -- 8,444,237 Forward Currency Contracts** -- (155,870) -- (155,870) ---------- ------------ -- ------------ TOTAL $8,444,237 $286,067,580 -- $294,511,817 ========== ============ == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. U.S. LARGE CAP VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ --------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The U.S. Large Cap Value Series of The DFA Investment Trust Company $22,421,200,372 --------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $15,765,983,308)^^ $22,421,200,372 =============== Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). U.S. TARGETED VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ----------- COMMON STOCKS -- (84.4%) Consumer Discretionary -- (13.6%) #* 1-800-Flowers.com, Inc. Class A 451,235 $ 4,354,418 A.H. Belo Corp. Class A 147,126 779,768 # Aaron's, Inc. 501,140 23,192,759 # Abercrombie & Fitch Co. Class A 486,691 4,789,039 # Adient P.L.C. 83,524 5,468,316 # Adtalem Global Education, Inc. 543,314 17,657,705 # AMC Entertainment Holdings, Inc. Class A 323,409 6,597,544 AMCON Distributing Co. 850 82,408 #* America's Car-Mart, Inc. 89,366 3,503,147 #* American Axle & Manufacturing Holdings, Inc. 736,107 10,850,217 # American Eagle Outfitters, Inc. 1,436,769 17,011,345 * American Public Education, Inc. 149,705 3,188,716 Ark Restaurants Corp. 11,690 265,831 #* Ascena Retail Group, Inc. 1,667,498 3,901,945 * Ascent Capital Group, Inc. Class A 92,297 1,559,819 #* AutoNation, Inc. 769,978 32,631,668 #* AV Homes, Inc. 56,342 904,289 * Ballantyne Strong, Inc. 119,647 813,600 #* Barnes & Noble Education, Inc. 324,028 2,342,722 Barnes & Noble, Inc. 486,141 3,962,049 Bassett Furniture Industries, Inc. 51,875 1,929,750 # Beasley Broadcast Group, Inc. Class A 29,968 314,664 #* bebe stores, Inc. 990 5,801 # Bed Bath & Beyond, Inc. 643,537 19,241,756 #* Belmond, Ltd. Class A 670,427 8,749,072 # Big 5 Sporting Goods Corp. 169,231 1,819,233 * Biglari Holdings, Inc. 2,182 816,766 * BJ's Restaurants, Inc. 9,993 352,753 * Bojangles', Inc. 38,466 511,598 #* Boot Barn Holdings, Inc. 67,141 537,799 Bowl America, Inc. Class A 14,256 208,444 # Boyd Gaming Corp. 50,714 1,270,893 * Bridgepoint Education, Inc. 229,674 2,230,135 #* Build-A-Bear Workshop, Inc. 148,806 1,428,538 * Cabela's, Inc. 34,108 1,943,474 * CafePress, Inc. 2,300 4,232 # CalAtlantic Group, Inc. 1,153,356 40,482,796 Caleres, Inc. 436,312 11,902,591 # Callaway Golf Co. 1,061,898 13,517,962 * Cambium Learning Group, Inc. 29,866 146,941 # Canterbury Park Holding Corp. 2,879 33,396 * Career Education Corp. 268,471 2,257,841 # Carriage Services, Inc. 175,147 4,271,835 * Carrols Restaurant Group, Inc. 188,104 2,294,869 # Cato Corp. (The) Class A 202,731 3,448,454 * Cavco Industries, Inc. 102,067 13,309,537 * Century Casinos, Inc. 4,989 35,871 #* Century Communities, Inc. 54,067 1,400,335 #* Cherokee, Inc. 44,705 234,701 # Chico's FAS, Inc. 1,380,008 12,627,073 #* Christopher & Banks Corp. 192,272 271,104 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) #* Chuy's Holdings, Inc. 70,475 $ 1,659,686 Citi Trends, Inc. 137,351 3,042,325 # Columbia Sportswear Co. 32,926 1,994,657 #* Conn's, Inc. 100,646 2,153,824 #* Container Store Group, Inc. (The) 20,360 108,926 # Cooper Tire & Rubber Co. 597,277 21,830,474 #* Cooper-Standard Holdings, Inc. 167,354 17,113,620 # Core-Mark Holding Co., Inc. 241,477 8,854,962 #* Crocs, Inc. 789,671 6,269,988 CSS Industries, Inc. 17,513 468,823 Culp, Inc. 58,015 1,740,450 Dana, Inc. 347,961 8,253,635 #* DavidsTea, Inc. 2,280 13,680 * Deckers Outdoor Corp. 377,961 24,514,550 #* Del Frisco's Restaurant Group, Inc. 171,154 2,430,387 #* Del Taco Restaurants, Inc. 153,248 2,006,016 #* Delta Apparel, Inc. 33,047 694,978 #* Destination Maternity Corp. 15,574 23,828 #* Destination XL Group, Inc. 18,973 37,946 # Dick's Sporting Goods, Inc. 142,056 5,304,371 # Dillard's, Inc. Class A 273,486 20,188,737 * Dixie Group, Inc. (The) 47,282 200,948 Dover Motorsports, Inc. 16,790 34,420 # Drive Shack, Inc. 123,196 376,980 # DSW, Inc. Class A 900,247 16,240,456 * El Pollo Loco Holdings, Inc. 33,608 436,904 #* Eldorado Resorts, Inc. 29,899 609,940 * Emerson Radio Corp. 89,291 113,400 * Emmis Communications Corp. Class A 3,854 11,369 # Entercom Communications Corp. Class A 107,365 1,057,545 Entravision Communications Corp. Class A 56,174 365,131 # Escalade, Inc. 10,514 129,848 # Ethan Allen Interiors, Inc. 294,781 9,447,731 * EVINE Live, Inc. 57,166 68,028 #* EW Scripps Co. (The) Class A 636,175 12,500,839 #* Express, Inc. 955,026 5,787,458 #* Fiesta Restaurant Group, Inc. 308,620 5,184,816 # Finish Line, Inc. (The) Class A 370,059 5,092,012 Flanigan's Enterprises, Inc. 2,074 55,583 # Flexsteel Industries, Inc. 44,871 2,511,879 # Foot Locker, Inc. 29,684 1,400,788 #* Fossil Group, Inc. 226,455 2,547,619 # Fred's, Inc. Class A 272,315 1,843,573 * FTD Cos., Inc. 255,753 5,025,546 #* G-III Apparel Group, Ltd. 298,061 7,758,528 #* Gaia, Inc. 18,446 222,274 # GameStop Corp. Class A 1,372,240 29,763,886 Gaming Partners International Corp. 13,313 141,650 # Gannett Co., Inc. 780,940 7,005,032 #* Genesco, Inc. 169,974 5,456,165 # Gentex Corp. 459,038 7,812,827 #* Gentherm, Inc. 59,650 1,995,292 #* Global Eagle Entertainment, Inc. 50,232 158,733 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) Graham Holdings Co. Class B 45,931 $27,209,524 #* Gray Television, Inc. 401,465 5,981,828 * Green Brick Partners, Inc. 78,472 882,810 # Group 1 Automotive, Inc. 165,440 9,851,952 # Guess?, Inc. 738,727 9,647,775 * Harte-Hanks, Inc. 325,974 314,565 Haverty Furniture Cos., Inc. 122,994 2,736,616 Haverty Furniture Cos., Inc. Class A 844 18,885 * Helen of Troy, Ltd. 192,385 19,382,789 * Hemisphere Media Group, Inc. 5,761 72,013 * Hibbett Sports, Inc. 150,554 2,348,642 Hooker Furniture Corp. 75,751 3,196,692 #* Hyatt Hotels Corp. Class A 9,677 537,751 #* Iconix Brand Group, Inc. 753,184 5,023,737 ILG, Inc. 450,921 11,953,916 #* IMAX Corp. 60,942 1,304,159 Insignia Systems, Inc. 3,334 3,401 # International Game Technology P.L.C. 538,593 10,254,811 International Speedway Corp. Class A 81,414 2,914,621 * Intrawest Resorts Holdings, Inc. 44,997 1,068,679 * J Alexander's Holdings, Inc. 14,099 148,744 #* JAKKS Pacific, Inc. 54,360 179,388 #* JC Penney Co., Inc. 1,930,057 10,441,608 # John Wiley & Sons, Inc. Class A 109,207 6,033,687 Johnson Outdoors, Inc. Class A 36,273 1,832,512 * K12, Inc. 262,010 4,640,197 # KB Home 87,239 1,999,518 #* Kirkland's, Inc. 143,467 1,341,416 # Kohl's Corp. 1,386,895 57,348,108 #* Kona Grill, Inc. 15,211 40,309 * La Quinta Holdings, Inc. 625,633 9,328,188 La-Z-Boy, Inc. 571,082 19,302,572 * Lakeland Industries, Inc. 36,687 552,139 * Lands' End, Inc. 2,034 27,459 Lennar Corp. Class B 30,938 1,375,813 #* LGI Homes, Inc. 38,288 1,696,158 Libbey, Inc. 130,726 1,176,534 Liberty Tax, Inc. 16,959 239,122 #* Liberty TripAdvisor Holdings, Inc. Class A 581,072 6,827,596 # Lifetime Brands, Inc. 68,563 1,299,269 * Lincoln Educational Services Corp. 11,206 34,851 # Lithia Motors, Inc. Class A 118,847 12,270,953 * Luby's, Inc. 143,405 411,572 #* M/I Homes, Inc. 154,973 4,020,000 # Macy's, Inc. 1,276,931 30,327,111 * Madison Square Garden Co. (The) Class A 187,861 41,276,819 Marcus Corp. (The) 106,855 2,906,456 #* MarineMax, Inc. 239,634 3,582,528 # Marriott Vacations Worldwide Corp. 289,641 33,844,551 #* McClatchy Co. (The) Class A 17,817 142,536 # MDC Holdings, Inc. 310,881 10,660,109 (degrees) Media General, Inc. 654,085 1,321,252 # Meredith Corp. 335,974 19,973,654 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) #* Meritage Homes Corp. 267,052 $10,882,369 * Modine Manufacturing Co. 338,173 5,495,311 * Monarch Casino & Resort, Inc. 13,813 457,072 # Monro Muffler Brake, Inc. 44,095 2,054,827 #* Motorcar Parts of America, Inc. 211,744 5,922,480 # Movado Group, Inc. 98,634 2,426,396 # NACCO Industries, Inc. Class A 39,737 2,606,747 * New Home Co., Inc. (The) 9,080 98,155 # New Media Investment Group, Inc. 113,761 1,585,828 #* New York & Co., Inc. 236,502 368,943 # New York Times Co. (The) Class A 1,093,135 20,769,565 News Corp. Class A 1,090,589 15,606,329 News Corp. Class B 203,351 2,989,260 # Nexstar Media Group, Inc. Class A 243,836 15,946,874 # Office Depot, Inc. 3,196,214 18,761,776 #* Overstock.com, Inc. 367,360 5,877,760 # Oxford Industries, Inc. 80,839 5,103,366 P&F Industries, Inc. Class A 1,458 8,792 #* Papa Murphy's Holdings, Inc. 9,379 39,955 #* Party City Holdco, Inc. 96,805 1,350,430 Peak Resorts, Inc. 2,100 10,973 # Penske Automotive Group, Inc. 730,052 31,786,464 * Perfumania Holdings, Inc. 13,797 21,523 #* Perry Ellis International, Inc. 97,306 1,911,090 * PICO Holdings, Inc. 152,801 2,483,016 # Pier 1 Imports, Inc. 1,115,533 5,142,607 #* Potbelly Corp. 241,147 2,773,190 PulteGroup, Inc. 3,308,268 80,787,905 # Ralph Lauren Corp. 114,538 8,664,800 RCI Hospitality Holdings, Inc. 69,237 1,570,988 * Reading International, Inc. Class A 106,291 1,696,404 #* Red Lion Hotels Corp. 132,637 948,355 #* Red Robin Gourmet Burgers, Inc. 92,288 5,518,822 #* Regis Corp. 307,444 3,237,385 Rocky Brands, Inc. 47,189 658,287 #* Ruby Tuesday, Inc. 837,601 1,691,954 Saga Communications, Inc. Class A 18,872 733,177 # Salem Media Group, Inc. 73,453 525,189 Scholastic Corp. 225,773 9,353,775 #* Sears Hometown and Outlet Stores, Inc. 16,932 38,097 #* Sequential Brands Group, Inc. 12,895 41,393 * Shiloh Industries, Inc. 118,592 879,953 # Shoe Carnival, Inc. 109,362 1,996,950 #* Shutterfly, Inc. 15,889 779,197 # Signet Jewelers, Ltd. 427,702 26,158,254 Sinclair Broadcast Group, Inc. Class A 38,986 1,405,445 * Skechers U.S.A., Inc. Class A 254,156 7,139,242 * Skyline Corp. 32,933 246,010 # Sonic Automotive, Inc. Class A 290,097 5,265,261 Speedway Motorsports, Inc. 224,103 4,764,430 # Stage Stores, Inc. 201,457 400,899 Standard Motor Products, Inc. 240,231 12,102,838 # Stanley Furniture Co., Inc. 17,922 22,582 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Consumer Discretionary -- (Continued) Staples, Inc. 4,432,254 $ 44,987,378 # Stein Mart, Inc. 50,906 70,759 #* Steven Madden, Ltd. 39,003 1,599,123 * Stoneridge, Inc. 181,741 2,773,368 # Strattec Security Corp. 22,244 789,662 Superior Industries International, Inc. 158,779 3,104,129 # Superior Uniform Group, Inc. 46,324 1,034,415 * Sypris Solutions, Inc. 58,417 97,264 #* Tandy Leather Factory, Inc. 74,640 660,564 * Taylor Morrison Home Corp. Class A 231,934 5,246,347 # TEGNA, Inc. 958,750 14,218,262 # Tilly's, Inc. Class A 136,014 1,357,420 Time, Inc. 976,930 13,725,866 # Toll Brothers, Inc. 1,935,113 74,676,011 * TopBuild Corp. 163,894 8,650,325 Tower International, Inc. 200,169 4,944,174 * Townsquare Media, Inc. Class A 5,787 64,004 * Trans World Entertainment Corp. 56,939 99,643 * TravelCenters of America LLC 3,150 11,498 #* TRI Pointe Group, Inc. 1,716,547 22,830,075 Tribune Media Co. Class A 52,266 2,203,012 #* Tuesday Morning Corp. 351,642 650,538 #* UCP, Inc. Class A 41,925 467,464 * Unifi, Inc. 102,062 3,343,551 * Universal Technical Institute, Inc. 32,013 113,966 #* Urban One, Inc. 26,961 51,226 #* Urban Outfitters, Inc. 830,613 16,271,709 #* Vera Bradley, Inc. 303,415 3,058,423 #* Vista Outdoor, Inc. 361,080 8,337,337 #* Vitamin Shoppe, Inc. 260,013 2,860,143 * VOXX International Corp. 164,901 1,104,837 West Marine, Inc. 158,220 2,039,456 # Weyco Group, Inc. 30,449 848,918 #* William Lyon Homes Class A 212,343 4,801,075 # Winnebago Industries, Inc. 338,946 12,473,213 # Wolverine World Wide, Inc. 946,942 26,703,764 * ZAGG, Inc. 182,275 1,540,224 #* Zoe's Kitchen, Inc. 39,619 448,091 #* Zumiez, Inc. 281,718 3,577,819 -------------- Total Consumer Discretionary 1,583,772,220 -------------- Consumer Staples -- (2.3%) # Alico, Inc. 21,172 639,394 * Alliance One International, Inc. 71,101 1,080,735 # Andersons, Inc. (The) 206,895 7,127,533 * Bridgford Foods Corp. 1,048 11,696 * CCA Industries, Inc. 20,184 71,653 * Central Garden & Pet Co. 79,683 2,549,856 * Central Garden & Pet Co. Class A 236,044 7,260,713 #* Chefs' Warehouse, Inc. (The) 187,926 2,724,927 #* Craft Brew Alliance, Inc. 220,552 3,859,660 * Darling Ingredients, Inc. 1,296,821 21,099,278 # Dean Foods Co. 945,956 14,189,340 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) #* Farmer Brothers Co. 100,567 $ 3,132,662 # Flowers Foods, Inc. 85,003 1,495,203 # Fresh Del Monte Produce, Inc. 346,138 17,815,723 #* Hostess Brands, Inc. 247,970 3,788,982 Ingles Markets, Inc. Class A 108,188 3,191,546 Ingredion, Inc. 64,743 7,984,107 Inter Parfums, Inc. 205,720 7,981,936 #* Inventure Foods, Inc. 12,899 50,306 # John B. Sanfilippo & Son, Inc. 41,718 2,683,302 * Landec Corp. 158,823 1,953,523 # Limoneira Co. 39,378 896,243 Mannatech, Inc. 5,132 83,395 * Natural Alternatives International, Inc. 39,500 395,000 #* Natural Grocers by Vitamin Cottage, Inc. 26,715 235,359 Nature's Sunshine Products, Inc. 4,308 54,496 Nutraceutical International Corp. 65,856 2,752,781 Oil-Dri Corp. of America 29,327 1,212,965 # Omega Protein Corp. 135,194 2,163,104 # Orchids Paper Products Co. 64,899 730,763 * Performance Food Group Co. 43,627 1,256,458 #* Post Holdings, Inc. 613,765 51,065,248 # Sanderson Farms, Inc. 225,582 29,494,846 Seaboard Corp. 1,964 8,396,100 * Seneca Foods Corp. Class A 51,680 1,483,216 * Seneca Foods Corp. Class B 189 5,840 #* Smart & Final Stores, Inc. 38,624 332,166 # Snyder's-Lance, Inc. 12,424 432,231 SpartanNash Co. 222,855 6,181,998 #* SUPERVALU, Inc. 1,062,430 3,803,499 #* TreeHouse Foods, Inc. 6,563 556,739 #* United Natural Foods, Inc. 616,158 23,740,568 # Universal Corp. 215,783 13,799,323 # Village Super Market, Inc. Class A 35,492 877,717 # Weis Markets, Inc. 96,432 4,562,198 ------------ Total Consumer Staples 265,204,328 ------------ Energy -- (7.5%) Adams Resources & Energy, Inc. 22,697 862,259 #* Antero Resources Corp. 649,480 13,392,278 #* Approach Resources, Inc. 28,800 90,144 # Arch Coal, Inc. Class A 67,213 5,112,893 Archrock, Inc. 444,419 4,866,388 # Ardmore Shipping Corp. 20,616 163,897 #* Atwood Oceanics, Inc. 545,475 4,287,434 * Barnwell Industries, Inc. 21,188 39,622 #* Basic Energy Services, Inc. 38,844 870,106 #* Bill Barrett Corp. 835,117 2,822,695 # Bristow Group, Inc. 261,157 1,924,727 #* Callon Petroleum Co. 2,027,865 22,955,432 #* CARBO Ceramics, Inc. 13,250 93,678 #* Clean Energy Fuels Corp. 399,226 1,045,972 #* Cloud Peak Energy, Inc. 551,805 1,909,245 #* CONSOL Energy, Inc. 3,021,349 50,637,809 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Energy -- (Continued) * Contango Oil & Gas Co. 178,741 $ 1,072,446 # CVR Energy, Inc. 243,334 4,601,446 #* Dawson Geophysical Co. 138,948 557,181 Delek US Holdings, Inc. 574,276 14,994,346 #* Denbury Resources, Inc. 1,550,224 2,263,327 # DHT Holdings, Inc. 883,650 3,675,984 #* Diamond Offshore Drilling, Inc. 1,048,155 13,018,085 #* Dorian LPG, Ltd. 77,757 559,850 #* Dril-Quip, Inc. 451,803 20,150,414 #* Earthstone Energy, Inc. Class A 882 8,705 #* Eclipse Resources Corp. 166,073 466,665 * ENGlobal Corp. 46,727 58,409 # EnLink Midstream LLC 119,364 2,094,838 # Ensco P.L.C. Class A 2,686,688 14,212,580 #* EP Energy Corp. Class A 128,146 433,133 * Era Group, Inc. 148,917 1,304,513 * Exterran Corp. 201,725 5,585,765 #* Forum Energy Technologies, Inc. 1,169,980 15,502,235 # Frank's International NV 48,531 393,101 # GasLog, Ltd. 316,516 5,776,417 #* Geospace Technologies Corp. 58,715 903,624 Green Plains, Inc. 285,868 5,645,893 Gulf Island Fabrication, Inc. 108,599 1,238,029 * Gulfport Energy Corp. 1,263,965 15,951,238 * Halcon Resources Corp. 44,569 292,373 # Hallador Energy Co. 18,430 126,983 #* Helix Energy Solutions Group, Inc. 1,957,149 12,799,754 # Helmerich & Payne, Inc. 538,057 27,236,445 # HollyFrontier Corp. 1,989,315 57,371,845 #* Hornbeck Offshore Services, Inc. 198,042 499,066 * Independence Contract Drilling, Inc. 2,663 10,306 * International Seaways, Inc. 14,032 320,070 #* ION Geophysical Corp. 13,798 48,983 #* Jones Energy, Inc. Class A 32,463 48,695 #* Matador Resources Co. 372,928 9,047,233 * Matrix Service Co. 305,132 3,158,116 #* McDermott International, Inc. 2,172,557 14,708,211 * Mitcham Industries, Inc. 90,708 360,111 # Murphy Oil Corp. 1,797,017 47,764,712 # Nabors Industries, Ltd. 706,712 5,448,750 * Natural Gas Services Group, Inc. 75,324 1,879,334 #* Newpark Resources, Inc. 947,862 7,914,648 # Noble Corp. P.L.C. 3,301,295 13,205,180 Noble Energy, Inc. 157,881 4,564,340 # Nordic American Tankers, Ltd. 3,000 17,640 #* Northern Oil and Gas, Inc. 103,612 129,515 #* Oasis Petroleum, Inc. 2,786,662 21,680,230 # Oceaneering International, Inc. 793,763 20,360,021 #* Oil States International, Inc. 476,657 11,844,926 #* Overseas Shipholding Group, Inc. Class A 87,811 270,458 * Pacific Ethanol, Inc. 229,450 1,434,063 Panhandle Oil and Gas, Inc. Class A 42,628 937,816 #* Par Pacific Holdings, Inc. 10,127 181,375 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) #* Parker Drilling Co. 762,687 $ 915,224 # Patterson-UTI Energy, Inc. 1,510,453 29,212,161 # PBF Energy, Inc. Class A 1,260,499 28,701,562 #* PDC Energy, Inc. 690,405 32,559,500 * PHI, Inc. Non-Voting 88,026 853,852 * Pioneer Energy Services Corp. 818,758 1,801,268 * PrimeEnergy Corp. 148 7,182 * QEP Resources, Inc. 501,824 4,300,632 # Range Resources Corp. 589,157 12,437,104 #* Renewable Energy Group, Inc. 432,565 5,407,062 #* REX American Resources Corp. 45,400 4,539,092 * Rice Energy, Inc. 1,522,977 42,597,667 #* RigNet, Inc. 27,511 521,333 #* Rowan Cos. P.L.C. Class A 1,285,945 15,006,978 #* RSP Permian, Inc. 795,465 27,332,177 * SandRidge Energy, Inc. 21,985 424,530 # Scorpio Tankers, Inc. 1,488,163 5,521,085 #* SEACOR Holdings, Inc. 151,900 5,178,271 #* SEACOR Marine Holdings, Inc. 140,914 2,054,526 # SemGroup Corp. Class A 512,116 13,852,738 # Ship Finance International, Ltd. 271,698 3,695,093 # SM Energy Co. 1,403,229 24,402,152 #* SRC Energy, Inc. 1,460,708 12,430,625 #* Superior Energy Services, Inc. 2,042,688 21,979,323 # Teekay Corp. 43,011 421,508 # Teekay Tankers, Ltd. Class A 777,066 1,398,719 #* Tesco Corp. 577,124 2,654,770 #* TETRA Technologies, Inc. 202,719 569,640 #* Transocean, Ltd. 4,853,043 41,978,822 #* Unit Corp. 559,645 10,062,417 #* Uranium Resources, Inc. 48,020 70,589 # US Silica Holdings, Inc. 111,758 3,255,511 #* Vaalco Energy, Inc. 102,601 94,085 #* Whiting Petroleum Corp. 1,541,173 8,091,158 * Willbros Group, Inc. 429,337 875,847 World Fuel Services Corp. 195,753 6,330,652 ------------ Total Energy 876,738,857 ------------ Financials -- (21.3%) 1st Constitution Bancorp 1,062 18,213 1st Source Corp. 153,681 7,545,737 A-Mark Precious Metals, Inc. 27,714 417,650 #* Allegiance Bancshares, Inc. 4,290 161,090 * Ambac Financial Group, Inc. 252,781 5,164,316 # American Equity Investment Life Holding Co. 615,881 16,493,293 American Financial Group, Inc. 144,065 14,608,191 # American National Bankshares, Inc. 33,911 1,280,140 # American National Insurance Co. 80,195 9,543,205 American River Bankshares 10,872 151,664 AmeriServ Financial, Inc. 100,748 397,955 # Amtrust Financial Services, Inc. 156,755 2,508,080 * Anchor Bancorp, Inc. 1,550 39,331 Argo Group International Holdings, Ltd. 200,412 12,014,699 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Arrow Financial Corp. 23,760 $ 774,576 Aspen Insurance Holdings, Ltd. 480,007 23,424,342 Associated Banc-Corp 1,420,385 34,018,221 Assurant, Inc. 583,134 61,386,516 Assured Guaranty, Ltd. 1,438,096 64,728,701 * Asta Funding, Inc. 7,105 52,044 Astoria Financial Corp. 743,885 15,011,599 Atlantic American Corp. 864 3,110 #* Atlantic Capital Bancshares, Inc. 7,396 142,743 #* Atlantic Coast Financial Corp. 7,633 60,682 * Atlanticus Holdings Corp. 64,328 158,890 * Atlas Financial Holdings, Inc. 27,112 418,880 Auburn National Bancorporation, Inc. 692 25,611 Axis Capital Holdings, Ltd. 898,734 58,040,242 # Baldwin & Lyons, Inc. Class A 453 10,555 Baldwin & Lyons, Inc. Class B 29,551 691,493 # Banc of California, Inc. 234,771 4,824,544 BancFirst Corp. 49,085 5,239,824 # Bancorp of New Jersey, Inc. 525 9,054 * Bancorp, Inc. (The) 504,917 3,913,107 # BancorpSouth, Inc. 474,057 14,245,413 Bank Mutual Corp. 296,605 2,951,220 Bank of Commerce Holdings 22,381 231,643 Bank of Marin Bancorp 9,727 648,305 BankFinancial Corp. 116,939 1,751,746 BankUnited, Inc. 6,602 227,241 Banner Corp. 159,219 9,198,082 Bar Harbor Bankshares 2,471 68,916 # BCB Bancorp, Inc. 15,639 234,585 Bear State Financial, Inc. 6,812 63,215 # Beneficial Bancorp, Inc. 441,708 6,890,645 Berkshire Hills Bancorp, Inc. 322,805 11,992,206 # Blue Hills Bancorp, Inc. 24,331 461,072 BOK Financial Corp. 184,118 15,662,918 Boston Private Financial Holdings, Inc. 820,550 12,595,442 # Bridge Bancorp, Inc. 60,977 1,981,753 Brookline Bancorp, Inc. 480,095 7,129,411 # Bryn Mawr Bank Corp. 134,004 5,688,470 #* BSB Bancorp, Inc. 6,207 183,417 C&F Financial Corp. 9,116 453,977 # California First National Bancorp 4,450 74,093 # Camden National Corp. 54,264 2,279,088 Canadian Imperial Bank of Commerce 35,045 3,043,308 Capital Bank Financial Corp. Class A 203,189 7,721,182 Capital City Bank Group, Inc. 71,468 1,526,556 # Capitol Federal Financial, Inc. 1,537,474 21,924,379 # Carolina Financial Corp. 9,719 326,947 # CenterState Banks, Inc. 105,035 2,624,825 Central Pacific Financial Corp. 206,075 6,373,900 # Central Valley Community Bancorp 1,318 28,970 # Century Bancorp, Inc. Class A 6,687 446,023 Charter Financial Corp. 9,659 173,669 Chemical Financial Corp. 444,747 21,432,358 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Chemung Financial Corp. 681 $ 27,581 # Citizens & Northern Corp. 14,046 324,182 Citizens Community Bancorp, Inc. 6,617 92,307 Citizens Holding Co. 1,603 39,514 #* Citizens, Inc. 90,495 728,485 # City Holding Co. 46,390 3,044,576 # Clifton Bancorp, Inc. 104,034 1,736,327 CNB Financial Corp. 48,079 1,267,362 CNO Financial Group, Inc. 1,174,038 26,861,989 CoBiz Financial, Inc. 277 4,875 Codorus Valley Bancorp, Inc. 5,571 155,765 # Columbia Banking System, Inc. 527,499 21,015,560 # Community Bank System, Inc. 323,227 17,745,162 * Community Bankers Trust Corp. 1,500 12,900 Community Trust Bancorp, Inc. 99,035 4,278,312 Community West Bancshares 5,040 52,164 # ConnectOne Bancorp, Inc. 153,585 3,455,663 * Consumer Portfolio Services, Inc. 177,797 730,746 #* Cowen, Inc. 123,121 1,969,936 * CU Bancorp 14,609 539,072 #* Customers Bancorp, Inc. 294,023 8,776,587 Dime Community Bancshares, Inc. 351,281 7,306,645 Donegal Group, Inc. Class A 113,163 1,706,498 Eagle Bancorp Montana, Inc. 600 10,950 EMC Insurance Group, Inc. 95,526 2,646,070 Employers Holdings, Inc. 250,590 10,863,076 #* Encore Capital Group, Inc. 152,125 6,100,213 * Enova International, Inc. 268,453 3,892,569 #* Enstar Group, Ltd. 38,707 7,842,038 # Enterprise Bancorp, Inc. 15,057 508,776 Enterprise Financial Services Corp. 7,873 311,377 * Equity Bancshares, Inc. Class A 1,236 42,729 # ESSA Bancorp, Inc. 34,394 507,312 # Evans Bancorp, Inc. 615 25,061 #* Ezcorp, Inc. Class A 435,413 3,396,221 Fairfax Financial Holdings, Ltd. 28,133 13,398,364 Farmers Capital Bank Corp. 26,981 1,013,137 # Farmers National Banc Corp. 54,136 744,370 # FBL Financial Group, Inc. Class A 143,490 9,742,971 #* FCB Financial Holdings, Inc. Class A 131,910 6,219,557 Federal Agricultural Mortgage Corp. Class A 300 20,100 Federal Agricultural Mortgage Corp. Class C 65,632 4,499,730 Federated National Holding Co. 103,569 1,648,818 # Fidelity & Guaranty Life 35,572 1,108,068 # Fidelity Southern Corp. 199,121 4,193,488 Financial Institutions, Inc. 84,851 2,494,619 * First Acceptance Corp. 86,504 77,854 # First American Financial Corp. 434,037 21,011,731 #* First BanCorp(318672706) 959,485 5,622,582 # First Bancorp(318910106) 109,943 3,441,216 # First Bancorp, Inc. 49,464 1,332,560 # First Bancshares, Inc. (The) 4,983 138,278 # First Bank 5,182 66,589 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) First Busey Corp. 141,739 $ 4,144,448 # First Business Financial Services, Inc. 13,636 289,901 # First Citizens BancShares, Inc. Class A 28,602 10,526,108 First Commonwealth Financial Corp. 533,796 6,955,362 First Community Bancshares, Inc. 79,076 2,152,449 First Connecticut Bancorp, Inc. 30,447 779,443 First Defiance Financial Corp. 54,635 2,827,361 # First Financial Bancorp 473,553 12,122,957 First Financial Corp. 42,280 1,946,994 First Financial Northwest, Inc. 82,945 1,361,127 #* First Foundation, Inc. 43,643 756,770 First Internet Bancorp 4,357 143,563 First Interstate Bancsystem, Inc. Class A 290,033 10,600,706 First Merchants Corp. 250,626 10,135,315 First Mid-Illinois Bancshares, Inc. 824 30,150 First Midwest Bancorp, Inc. 810,477 18,000,694 First of Long Island Corp. (The) 2,178 60,875 # First South Bancorp, Inc. 6,484 111,590 * First United Corp. 6,534 98,663 FirstCash, Inc. 172,336 10,021,338 #* Flagstar Bancorp, Inc. 352,076 11,463,595 Flushing Financial Corp. 183,431 5,233,286 FNB Corp. 1,607,258 22,019,435 * FNFV Group 34,538 595,781 #* Franklin Financial Network, Inc. 20,025 691,864 # Fulton Financial Corp. 1,680,278 30,665,073 # Gain Capital Holdings, Inc. 249,995 1,677,466 * Genworth Financial, Inc. Class A 548,416 1,881,067 # German American Bancorp, Inc. 37,669 1,349,680 * Global Indemnity, Ltd. 84,728 3,284,057 Great Southern Bancorp, Inc. 79,151 4,111,894 # Great Western Bancorp, Inc. 262,600 10,244,026 #* Green Bancorp, Inc. 45,967 1,031,959 #* Green Dot Corp. Class A 435,527 17,525,606 #* Greenlight Capital Re, Ltd. Class A 278,121 5,951,789 # Guaranty Bancorp 63,559 1,693,847 Guaranty Federal Bancshares, Inc. 348 7,482 * Hallmark Financial Services, Inc. 118,607 1,334,329 Hancock Holding Co. 734,361 33,780,606 # Hanmi Financial Corp. 305,470 8,751,715 Hanover Insurance Group, Inc. (The) 321,847 30,530,406 Hawthorn Bancshares, Inc. 625 12,703 # HCI Group, Inc. 127,516 5,749,696 Heartland Financial USA, Inc. 111,364 5,245,244 Heritage Commerce Corp. 157,574 2,188,703 Heritage Financial Corp. 110,216 2,997,875 # Heritage Insurance Holdings, Inc. 89,050 1,122,921 Hilltop Holdings, Inc. 734,484 18,384,135 * HMN Financial, Inc. 4,634 83,412 Home Bancorp, Inc. 12,610 510,957 #* HomeStreet, Inc. 243,291 6,386,389 * HomeTrust Bancshares, Inc. 49,038 1,184,268 Hope Bancorp, Inc. 1,476,845 26,036,777 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) HopFed Bancorp, Inc. 12,370 $ 180,355 # Horace Mann Educators Corp. 205,507 7,583,208 # Horizon Bancorp 87,679 2,312,095 * Howard Bancorp, Inc. 3,976 78,128 Iberiabank Corp. 442,338 35,763,027 Independent Bank Corp.(453836108) 205,709 14,677,337 Independent Bank Corp.(453838609) 24,000 508,800 Independent Bank Group, Inc. 42,983 2,594,024 Infinity Property & Casualty Corp. 14,000 1,400,700 International Bancshares Corp. 630,400 22,316,160 * INTL. FCStone, Inc. 104,937 4,106,185 Investar Holding Corp. 532 12,050 Investment Technology Group, Inc. 269,043 5,937,779 # Investors Bancorp, Inc. 3,494,999 46,413,587 # Investors Title Co. 6,949 1,226,637 James River Group Holdings, Ltd. 21,488 862,958 #* Janus Henderson Group P.L.C. 354,298 11,865,440 Kearny Financial Corp. 230,913 3,371,330 # Kemper Corp. 366,951 14,402,827 Kentucky First Federal Bancorp 2,420 23,716 # Lake Shore Bancorp, Inc. 406 6,415 # Lakeland Bancorp, Inc. 208,626 4,036,913 Landmark Bancorp, Inc. 1,235 36,618 LCNB Corp. 1,207 24,200 # LegacyTexas Financial Group, Inc. 320,384 12,405,268 # Legg Mason, Inc. 1,005,115 40,214,651 Macatawa Bank Corp. 187,925 1,813,476 Mackinac Financial Corp. 27,138 394,587 # Maiden Holdings, Ltd. 636,212 7,061,953 MainSource Financial Group, Inc. 162,600 5,681,244 #* Malvern Bancorp, Inc. 500 12,400 Marlin Business Services Corp. 72,754 1,891,604 MB Financial, Inc. 441,627 18,062,544 #* MBIA, Inc. 868,994 8,837,669 MBT Financial Corp. 87,637 841,315 Mercantile Bank Corp. 69,256 2,203,726 Meridian Bancorp, Inc. 279,447 4,932,240 Meta Financial Group, Inc. 41,153 2,934,209 Mid Penn Bancorp, Inc. 106 2,862 Midland States Bancorp, Inc. 6,483 205,900 MidSouth Bancorp, Inc. 41,103 462,409 # MidWestOne Financial Group, Inc. 11,238 386,812 # MutualFirst Financial, Inc. 13,549 472,860 National Bank Holdings Corp. Class A 216,343 7,383,787 #* National Commerce Corp. 12,518 501,972 National General Holdings Corp. 182,301 3,866,604 National Security Group, Inc. (The) 2,423 33,062 # National Western Life Group, Inc. Class A 11,578 3,897,039 #* Nationstar Mortgage Holdings, Inc. 49,972 891,001 Navient Corp. 2,556,220 37,704,245 Navigators Group, Inc. (The) 154,109 8,784,213 # NBT Bancorp, Inc. 289,370 10,457,832 # Nelnet, Inc. Class A 242,067 11,883,069 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # New York Community Bancorp, Inc. 787,575 $10,340,860 NewStar Financial, Inc. 264,230 2,890,676 * Nicholas Financial, Inc. 44,982 395,842 #* Nicolet Bankshares, Inc. 1,710 92,631 * NMI Holdings, Inc. Class A 261,698 3,088,036 Northeast Bancorp 5,243 112,725 Northeast Community Bancorp, Inc. 9,687 88,152 # Northfield Bancorp, Inc. 370,014 6,212,535 Northrim BanCorp, Inc. 45,145 1,315,977 # Northwest Bancshares, Inc. 930,473 14,980,615 # Norwood Financial Corp. 368 15,765 # OceanFirst Financial Corp. 16,346 442,650 #* Ocwen Financial Corp. 721,335 2,070,231 OFG Bancorp 323,058 3,246,733 # Ohio Valley Banc Corp. 2,740 92,749 # Old Line Bancshares, Inc. 15,492 419,523 Old National Bancorp 1,535,369 25,026,515 Old Republic International Corp. 1,900,386 37,285,573 # Old Second Bancorp, Inc. 80,497 953,889 * On Deck Capital, Inc. 107,402 461,829 OneBeacon Insurance Group, Ltd. Class A 168,978 3,095,677 #* OneMain Holdings, Inc. 120,589 3,224,550 Oppenheimer Holdings, Inc. Class A 37,059 583,679 # Opus Bank 143,975 3,426,605 # Oritani Financial Corp. 411,244 6,826,650 Orrstown Financial Services, Inc. 573 14,325 Pacific Continental Corp. 74,161 1,883,689 * Pacific Premier Bancorp, Inc. 15,565 558,784 # PacWest Bancorp 1,146,079 55,034,714 Park Sterling Corp. 285,153 3,313,478 Peapack Gladstone Financial Corp. 81,567 2,550,600 Penns Woods Bancorp, Inc. 7,848 336,287 # People's United Financial, Inc. 3,888,800 67,820,672 # People's Utah Bancorp 6,247 173,667 # Peoples Bancorp of North Carolina, Inc. 2,810 88,852 Peoples Bancorp, Inc. 115,356 3,760,606 # Peoples Financial Services Corp. 1,269 54,275 * PHH Corp. 720,516 9,928,710 Pinnacle Financial Partners, Inc. 50,859 3,249,890 Piper Jaffray Cos. 60,533 3,777,259 Popular, Inc. 716,608 30,197,861 #* PRA Group, Inc. 136,359 5,345,273 # Premier Financial Bancorp, Inc. 31,035 589,665 # Prosperity Bancshares, Inc. 634,038 40,641,836 Provident Financial Holdings, Inc. 42,950 816,050 Provident Financial Services, Inc. 428,518 11,364,297 Prudential Bancorp, Inc. 5,316 91,276 QCR Holdings, Inc. 21,080 968,626 #* Regional Management Corp. 79,980 1,918,720 Reinsurance Group of America, Inc. 318,824 44,699,125 # RenaissanceRe Holdings, Ltd. 423,464 62,211,096 # Renasant Corp. 331,545 14,054,193 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Republic Bancorp, Inc. Class A 38,854 $ 1,394,859 Riverview Bancorp, Inc. 83,566 634,266 S&T Bancorp, Inc. 207,702 7,867,752 #* Safeguard Scientifics, Inc. 85,003 1,011,536 Safety Insurance Group, Inc. 141,647 10,049,855 # Sandy Spring Bancorp, Inc. 142,579 5,708,863 #* Santander Consumer USA Holdings, Inc. 640,400 8,203,524 * Seacoast Banking Corp. of Florida 199,197 4,655,234 * Security National Financial Corp. Class A 25,732 163,398 * Select Bancorp, Inc. 700 8,288 # Selective Insurance Group, Inc. 374,870 18,987,165 Shore Bancshares, Inc. 15,404 260,174 # SI Financial Group, Inc. 12,534 193,650 Sierra Bancorp 64,335 1,762,779 # Simmons First National Corp. Class A 154,010 8,401,246 # South State Corp. 159,234 13,335,847 * Southern First Bancshares, Inc. 1,434 52,843 Southern Missouri Bancorp, Inc. 8,118 263,104 Southern National Bancorp of Virginia, Inc. 8,366 141,553 # Southside Bancshares, Inc. 135,276 4,698,135 Southwest Bancorp, Inc. 116,316 3,035,848 Southwest Georgia Financial Corp. 2,355 46,394 # State Auto Financial Corp. 154,413 3,982,311 State Bank Financial Corp. 162,738 4,467,158 # Stewart Information Services Corp. 188,048 7,390,286 #* Stifel Financial Corp. 290,082 14,750,670 Stonegate Bank 82,321 3,832,043 # Summit Financial Group, Inc. 2,750 59,923 Summit State Bank 3,401 44,213 Sun Bancorp, Inc. 87,471 2,129,919 * Sunshine Bancorp, Inc. 700 15,995 TCF Financial Corp. 1,650,870 26,017,711 Territorial Bancorp, Inc. 35,762 1,077,509 * TheStreet, Inc. 8,641 6,524 * Third Point Reinsurance, Ltd. 85,446 1,243,239 Timberland Bancorp, Inc. 13,286 358,191 Tiptree, Inc. 229,094 1,569,294 # Towne Bank 352,454 11,031,810 Trico Bancshares 148,301 5,472,307 #* TriState Capital Holdings, Inc. 145,057 3,336,311 * Triumph Bancorp, Inc. 18,578 527,615 TrustCo Bank Corp. NY 809,585 6,719,556 # Trustmark Corp. 847,310 27,080,028 # Two River Bancorp 2,052 37,511 Umpqua Holdings Corp. 2,496,330 46,281,958 # Union Bankshares Corp. 309,195 9,551,034 United Bancshares, Inc. 466 10,438 United Bankshares, Inc. 483,384 16,676,748 United Community Bancorp 1,645 31,420 # United Community Banks, Inc. 527,885 14,654,088 United Community Financial Corp. 214,269 1,971,275 United Financial Bancorp, Inc. 346,203 6,262,812 United Fire Group, Inc. 137,428 6,200,751 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) United Security Bancshares 2,290 $ 21,526 # Unity Bancorp, Inc. 21,700 401,450 # Univest Corp. of Pennsylvania 99,207 3,025,814 Validus Holdings, Ltd. 785,385 42,245,859 # Valley National Bancorp 1,927,291 22,896,217 #* Veritex Holdings, Inc. 44,345 1,181,794 # Virtus Investment Partners, Inc. 64,684 7,619,775 # Waddell & Reed Financial, Inc. Class A 261,643 5,408,161 #* Walker & Dunlop, Inc. 291,506 14,648,176 Washington Federal, Inc. 683,710 22,870,099 Washington Trust Bancorp, Inc. 4,769 259,672 WashingtonFirst Bankshares, Inc. 5,922 202,769 Waterstone Financial, Inc. 154,019 2,903,258 Wayne Savings Bancshares, Inc. 520 9,048 # Webster Financial Corp. 267,523 13,892,469 WesBanco, Inc. 300,898 11,503,331 West Bancorporation, Inc. 17,214 395,922 Western New England Bancorp, Inc. 170,757 1,699,032 White Mountains Insurance Group, Ltd. 13,416 11,599,474 Wintrust Financial Corp. 298,570 22,485,307 * World Acceptance Corp. 45,423 3,432,616 # WR Berkley Corp. 212,149 14,631,917 # WSFS Financial Corp. 140,606 6,348,361 WVS Financial Corp. 111 1,782 #* Xenith Bankshares, Inc. 1,321 37,226 # Zions Bancorporation 273,194 12,381,152 -------------- Total Financials 2,477,364,465 -------------- Health Care -- (5.1%) #* AAC Holdings, Inc. 9,197 57,665 #* Acadia Healthcare Co., Inc. 422,367 22,355,885 # Aceto Corp. 201,315 3,398,197 #* Achillion Pharmaceuticals, Inc. 464,576 1,904,762 #* Acorda Therapeutics, Inc. 560,467 12,134,111 * Addus HomeCare Corp. 156,985 5,329,641 * Adverum Biotechnologies, Inc. 61,979 158,046 #* Albany Molecular Research, Inc. 132,273 2,875,615 #* Alere, Inc. 361,163 18,199,004 #* Allied Healthcare Products, Inc. 1,298 2,726 #* Allscripts Healthcare Solutions, Inc. 1,155,297 14,221,706 #* Almost Family, Inc. 145,304 7,185,283 #* Alpine Immune Sciences, Inc. 5,444 47,851 #* AMAG Pharmaceuticals, Inc. 22,060 433,479 * American Shared Hospital Services 4,548 17,055 #* Amphastar Pharmaceuticals, Inc. 221,940 3,835,123 Analogic Corp. 138,895 9,750,429 * AngioDynamics, Inc. 233,935 3,801,444 #* ANI Pharmaceuticals, Inc. 11,603 565,414 #* Anika Therapeutics, Inc. 71,697 3,668,019 * Applied Genetic Technologies Corp. 17,131 81,372 #* Aptevo Therapeutics, Inc. 208,476 383,596 * Ardelyx, Inc. 62,888 327,018 #* Brookdale Senior Living, Inc. 1,301,776 18,485,219 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) * Cascadian Therapeutics, Inc. 6,839 $ 27,972 * Catalyst Biosciences, Inc. 34,744 143,493 #* Celldex Therapeutics, Inc. 82,207 188,254 * Cempra, Inc. 195,739 782,956 #* Chimerix, Inc. 281,670 1,399,900 #* CombiMatrix Corp. 5,427 27,406 #* Community Health Systems, Inc. 638,620 4,566,133 # CONMED Corp. 183,392 9,411,677 #* Cross Country Healthcare, Inc. 213,621 2,512,183 #* CryoLife, Inc. 339,190 6,359,812 #* Cumberland Pharmaceuticals, Inc. 98,627 662,773 * Cutera, Inc. 27,853 725,571 #* Depomed, Inc. 471,467 4,860,825 Digirad Corp. 92,373 378,729 #* Diplomat Pharmacy, Inc. 43,002 682,442 #* Electromed, Inc. 35,706 219,949 #* Emergent BioSolutions, Inc. 394,678 14,354,439 #* Endo International P.L.C. 2,061,913 22,722,281 #* Endocyte, Inc. 5,100 7,242 # Ensign Group, Inc. (The) 177,795 3,977,274 #* Envision Healthcare Corp. 546,702 30,850,394 #* Esperion Therapeutics, Inc. 25,994 1,177,268 * Exactech, Inc. 70,260 2,048,079 * Five Star Senior Living, Inc. 77,642 124,227 * FONAR Corp. 8,779 225,620 * Haemonetics Corp. 425,101 17,484,404 #* Halyard Health, Inc. 439,174 17,663,578 #* Hanger, Inc. 58,363 677,011 * Harvard Bioscience, Inc. 187,929 526,201 * HealthStream, Inc. 56,666 1,338,451 * HMS Holdings Corp. 523,685 10,515,595 #* Horizon Pharma P.L.C. 1,155,048 13,837,475 * Infinity Pharmaceuticals, Inc. 122,848 175,673 #* InfuSystem Holdings, Inc. 17,749 32,836 #* Inovalon Holdings, Inc. Class A 43,659 554,469 * Integer Holdings Corp. 238,100 10,904,980 #* Intra-Cellular Therapies, Inc. 155,932 1,804,133 # Invacare Corp. 325,962 5,101,305 #* Juniper Pharmaceuticals, Inc. 1,600 7,920 Kewaunee Scientific Corp. 9,303 235,366 * Kindred Biosciences, Inc. 197,719 1,443,349 # Kindred Healthcare, Inc. 1,162,440 10,403,838 #* LHC Group, Inc. 181,374 10,501,555 * LifePoint Health, Inc. 394,156 23,412,866 * LivaNova P.L.C. 212,991 12,979,672 # Luminex Corp. 301,496 6,159,563 * Magellan Health, Inc. 197,612 14,731,975 #* Mallinckrodt P.L.C. 715,480 32,768,984 #* MediciNova, Inc. 2,864 14,921 * Merit Medical Systems, Inc. 455,000 18,655,000 * Micron Solutions, Inc. 600 2,376 #* Mirati Therapeutics, Inc. 14,600 73,000 #* Misonix, Inc. 4,641 39,449 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) #* Molina Healthcare, Inc. 427,840 $ 28,579,712 #* Myriad Genetics, Inc. 137,278 3,331,737 National HealthCare Corp. 36,599 2,385,157 #* Natus Medical, Inc. 143,001 5,033,635 * Neurotrope, Inc. 4,758 22,077 #* NewLink Genetics Corp. 10,510 75,882 * Novus Therapeutics, Inc. 416 1,668 * Nuvectra Corp. 122,126 1,423,989 #* Opko Health, Inc. 55,700 359,265 #* OraSure Technologies, Inc. 70,065 1,228,940 #* Orthofix International NV 85,474 3,707,862 # Owens & Minor, Inc. 598,068 19,275,732 #* Pain Therapeutics, Inc. 17,455 59,522 # Patterson Cos., Inc. 9,544 398,176 # PDL BioPharma, Inc. 345,372 783,994 #* Pfenex, Inc. 21,021 91,441 * PharMerica Corp. 198,980 5,004,347 #* Prestige Brands Holdings, Inc. 103,078 5,528,073 #* Proteostasis Therapeutics, Inc. 5,757 16,350 * Providence Service Corp. (The) 161,723 8,335,203 #* Quorum Health Corp. 239,071 815,232 * Regulus Therapeutics, Inc. 8,677 9,111 * RTI Surgical, Inc. 366,932 2,091,512 #* SciClone Pharmaceuticals, Inc. 467,095 5,114,690 #* SeaSpine Holdings Corp. 63,749 719,089 * Select Medical Holdings Corp. 937,045 15,180,129 #* Sucampo Pharmaceuticals, Inc. Class A 119,543 1,297,042 * Surmodics, Inc. 2,529 66,513 #* Taro Pharmaceutical Industries, Ltd. 20,315 2,322,614 #* Tetraphase Pharmaceuticals, Inc. 66,273 433,425 #* Tivity Health, Inc. 240,871 9,550,535 * Tonix Pharmaceuticals Holding Corp. 7,200 28,296 #* Triple-S Management Corp. Class B 122,302 1,893,235 #* United Therapeutics Corp. 71,597 9,193,055 #* Verastem, Inc. 43,860 159,212 #* Vical, Inc. 4,309 11,246 #* Vital Therapies, Inc. 8,918 24,079 * VWR Corp. 139,916 4,617,228 * WellCare Health Plans, Inc. 3,711 656,810 * Zafgen, Inc. 113,180 382,548 ------------ Total Health Care 589,909,867 ------------ Industrials -- (17.6%) AAR Corp. 207,657 7,766,372 ABM Industries, Inc. 545,900 24,358,058 #* Acacia Research Corp. 180,255 621,880 * ACCO Brands Corp. 809,190 9,427,063 Acme United Corp. 17,792 492,305 # Actuant Corp. Class A 437,532 10,588,274 #* AECOM 1,375,708 43,885,085 * Aegion Corp. 188,383 4,509,889 #* AeroCentury Corp. 782 10,010 #* Aerovironment, Inc. 130,528 4,932,653 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) # AGCO Corp. 929,613 $67,062,282 # Air Lease Corp. 1,043,146 41,287,719 * Air Transport Services Group, Inc. 424,950 10,351,782 # Aircastle, Ltd. 444,984 10,474,923 # Alamo Group, Inc. 63,831 5,936,921 # Albany International Corp. Class A 209,231 11,193,858 Allied Motion Technologies, Inc. 15,980 472,848 * Alpha PRO Tech, Ltd. 15,140 52,233 # AMERCO 73,919 28,721,967 * Ameresco, Inc. Class A 50,452 330,461 # American Railcar Industries, Inc. 121,307 4,460,458 #* American Superconductor Corp. 28,993 92,488 * AMREP Corp. 7,243 49,832 * ARC Document Solutions, Inc. 331,230 1,146,056 # ArcBest Corp. 169,852 4,721,886 # Argan, Inc. 23,533 1,516,702 #* Armstrong Flooring, Inc. 87,595 1,520,649 #* Arotech Corp. 58,638 211,097 Astec Industries, Inc. 219,521 11,035,321 * Astronics Corp. 19,160 560,430 #* Atlas Air Worldwide Holdings, Inc. 182,606 10,846,796 * Avalon Holdings Corp. Class A 1,925 4,370 # AZZ, Inc. 9,767 495,187 #* Babcock & Wilcox Enterprises, Inc. 517,910 5,438,055 Barnes Group, Inc. 370,463 22,294,463 * Beacon Roofing Supply, Inc. 203,549 9,349,006 #* BMC Stock Holdings, Inc. 145,204 3,194,488 Brady Corp. Class A 218,221 7,244,937 Briggs & Stratton Corp. 259,610 6,080,066 * Broadwind Energy, Inc. 9,465 41,835 * CAI International, Inc. 123,447 3,238,015 Carlisle Cos., Inc. 10,000 975,900 * CBIZ, Inc. 384,846 5,714,963 * CDI Corp. 165,069 1,361,819 # CECO Environmental Corp. 191,316 1,848,113 # Celadon Group, Inc. 201,034 914,705 #* Chart Industries, Inc. 409,149 13,911,066 # Chicago Bridge & Iron Co. NV 228,952 4,290,560 Chicago Rivet & Machine Co. 2,571 94,459 # CIRCOR International, Inc. 158,415 7,930,255 * Civeo Corp. 419,204 809,064 #* Clean Harbors, Inc. 302,781 17,197,961 * Colfax Corp. 919,847 37,971,284 Columbus McKinnon Corp. 165,275 4,264,095 * Commercial Vehicle Group, Inc. 176,998 1,554,042 # CompX International, Inc. 5,019 72,776 * Continental Building Products, Inc. 451 9,922 * Continental Materials Corp. 125 2,788 Copa Holdings SA Class A 197,000 24,715,620 Costamare, Inc. 14,458 92,965 * Covenant Transportation Group, Inc. Class A 98,491 1,846,706 #* CPI Aerostructures, Inc. 70,684 671,498 CRA International, Inc. 60,301 2,340,282 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * CSW Industrials, Inc. 43,299 $ 1,690,826 # Cubic Corp. 177,359 8,451,156 Curtiss-Wright Corp. 248,602 23,970,205 * DigitalGlobe, Inc. 451,380 15,753,162 DMC Global, Inc. 67,984 944,978 Douglas Dynamics, Inc. 119,163 3,789,383 * Ducommun, Inc. 76,302 2,209,706 * DXP Enterprises, Inc. 94,649 2,706,015 #* Eagle Bulk Shipping, Inc. 14,502 62,794 Eastern Co. (The) 21,541 626,843 #* Echo Global Logistics, Inc. 200,358 2,734,887 Ecology and Environment, Inc. Class A 8,425 105,312 EMCOR Group, Inc. 247,059 16,676,482 Encore Wire Corp. 135,098 6,025,371 EnerSys 186,117 13,450,676 * Engility Holdings, Inc. 146,986 4,287,582 # Ennis, Inc. 155,495 2,993,279 ESCO Technologies, Inc. 186,058 11,479,779 Espey Manufacturing & Electronics Corp. 7,809 175,468 # Essendant, Inc. 300,701 3,752,748 #* Esterline Technologies Corp. 155,680 15,023,120 Federal Signal Corp. 694,228 12,843,218 Fluor Corp. 181,789 7,895,096 Forward Air Corp. 47,235 2,448,190 * Franklin Covey Co. 125,447 2,339,587 # Franklin Electric Co., Inc. 274,894 11,105,718 FreightCar America, Inc. 100,518 1,652,516 * FTI Consulting, Inc. 345,306 11,329,490 * Fuel Tech, Inc. 51,222 44,563 # GATX Corp. 236,325 14,611,975 #* Genco Shipping & Trading, Ltd. 1,654 16,838 * Gencor Industries, Inc. 46,719 749,840 # General Cable Corp. 177,296 3,421,813 #* Genesee & Wyoming, Inc. Class A 579,330 37,749,143 #* Gibraltar Industries, Inc. 229,328 6,845,441 #* Golden Ocean Group, Ltd. 24,258 174,415 * Goldfield Corp. (The) 164,984 841,418 Gorman-Rupp Co. (The) 340,853 10,300,578 * GP Strategies Corp. 110,991 3,179,892 Graham Corp. 42,960 859,630 # Granite Construction, Inc. 455,175 22,312,678 * Great Lakes Dredge & Dock Corp. 359,406 1,419,654 # Greenbrier Cos., Inc. (The) 152,823 6,877,035 # Griffon Corp. 283,676 5,815,358 Hardinge, Inc. 83,031 1,004,675 * HC2 Holdings, Inc. 2,211 13,288 Heidrick & Struggles International, Inc. 150,261 2,719,724 * Heritage-Crystal Clean, Inc. 16,835 316,498 #* Hertz Global Holdings, Inc. 639,054 8,735,868 #* Hill International, Inc. 208,740 1,054,137 Houston Wire & Cable Co. 146,445 842,059 * Hub Group, Inc. Class A 334,218 11,380,123 Hudson Global, Inc. 119,294 159,854 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) #* Hudson Technologies, Inc. 106,523 $ 861,771 Hurco Cos., Inc. 41,642 1,372,104 * Huron Consulting Group, Inc. 216,198 7,675,029 #* Huttig Building Products, Inc. 36,345 259,140 Hyster-Yale Materials Handling, Inc. 91,430 6,478,730 * ICF International, Inc. 140,609 6,362,557 #* IES Holdings, Inc. 5,502 93,534 #* InnerWorkings, Inc. 796,310 9,388,495 * Innovative Solutions & Support, Inc. 9,704 38,913 # Insteel Industries, Inc. 128,940 3,393,701 * Intersections, Inc. 43,923 192,822 ITT, Inc. 358,464 14,697,024 Jacobs Engineering Group, Inc. 1,288,161 67,911,848 * JetBlue Airways Corp. 2,670,322 58,560,161 Kadant, Inc. 37,631 2,937,100 # Kaman Corp. 254,328 13,001,247 # KBR, Inc. 1,083,653 16,168,103 Kelly Services, Inc. Class A 205,620 4,579,157 * Key Technology, Inc. 23,834 340,826 #* KEYW Holding Corp. (The) 104,356 921,463 #* Kirby Corp. 545,422 33,216,200 #* KLX, Inc. 467,799 24,288,124 Korn/Ferry International 436,276 14,593,432 * Lawson Products, Inc. 33,678 776,278 #* Layne Christensen Co. 118,629 1,256,281 # LB Foster Co. Class A 82,237 1,447,371 LS Starrett Co. (The) Class A 25,580 204,640 # LSC Communications, Inc. 109,859 2,348,785 LSI Industries, Inc. 237,972 1,991,826 #* Lydall, Inc. 65,585 3,246,457 #* Manitex International, Inc. 9,272 65,553 #* Manitowoc Co., Inc. (The) 1,799,753 10,276,590 # ManpowerGroup, Inc. 345,864 37,059,328 Marten Transport, Ltd. 292,828 4,670,607 #* MasTec, Inc. 629,990 29,105,538 # Matson, Inc. 238,572 6,727,730 Matthews International Corp. Class A 211,630 13,872,346 McGrath RentCorp 196,420 6,978,803 #* Mercury Systems, Inc. 334,371 14,682,231 #* Milacron Holdings Corp. 1,524 27,402 Miller Industries, Inc. 66,070 1,724,427 #* Mistras Group, Inc. 163,367 3,291,845 # Mobile Mini, Inc. 339,738 10,463,930 * Moog, Inc. Class A 258,482 19,210,382 #* MRC Global, Inc. 23,218 379,382 Mueller Industries, Inc. 317,707 10,007,770 * MYR Group, Inc. 139,729 4,444,779 # National Presto Industries, Inc. 19,112 2,161,567 * Navigant Consulting, Inc. 318,789 5,397,098 #* NL Industries, Inc. 66,813 521,141 NN, Inc. 207,708 5,753,512 #* Northwest Pipe Co. 96,677 1,460,789 #* NOW, Inc. 1,145,187 18,242,829 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) #* NV5 Global, Inc. 71,258 $ 2,960,770 * On Assignment, Inc. 514,510 25,339,617 Orbital ATK, Inc. 139,801 14,284,866 #* Orion Energy Systems, Inc. 75,467 87,542 * Orion Group Holdings, Inc. 174,278 1,223,432 Oshkosh Corp. 455,176 31,343,419 Owens Corning 1,025,375 68,751,394 * PAM Transportation Services, Inc. 22,997 403,137 Park-Ohio Holdings Corp. 56,137 2,231,446 * Patriot Transportation Holding, Inc. 4,683 93,683 * Pendrell Corp. 2,027 14,148 * Perma-Fix Environmental Services 15,435 56,338 * Perma-Pipe International Holdings, Inc. 27,948 220,789 # Powell Industries, Inc. 69,343 2,208,575 Preformed Line Products Co. 21,066 1,026,336 Primoris Services Corp. 326,440 8,134,885 Quad/Graphics, Inc. 20,926 469,998 # Quanex Building Products Corp. 295,006 6,342,629 * Quanta Services, Inc. 1,735,638 58,543,070 #* Radiant Logistics, Inc. 270,423 1,170,932 Raven Industries, Inc. 158,826 5,463,614 #* RBC Bearings, Inc. 9,344 965,609 * RCM Technologies, Inc. 41,207 219,221 Regal Beloit Corp. 349,496 29,130,492 # Resources Connection, Inc. 296,616 3,959,824 #* Rexnord Corp. 29,671 687,180 * Roadrunner Transportation Systems, Inc. 213,905 1,493,057 * RPX Corp. 345,514 4,723,176 * Rush Enterprises, Inc. Class A 181,093 7,810,541 * Rush Enterprises, Inc. Class B 22,850 929,538 Ryder System, Inc. 540,258 39,309,172 * Saia, Inc. 174,801 9,500,434 * SIFCO Industries, Inc. 16,504 110,577 # Simpson Manufacturing Co., Inc. 415,505 18,402,716 SkyWest, Inc. 284,194 10,373,081 * SP Plus Corp. 173,426 5,671,030 Spartan Motors, Inc. 297,302 2,631,123 #* Spirit Airlines, Inc. 370,051 14,376,481 Standex International Corp. 2,236 214,544 # Steelcase, Inc. Class A 626,572 8,552,708 * Sterling Construction Co., Inc. 223,310 2,853,902 # Supreme Industries, Inc. Class A 128,134 1,927,135 #* Team, Inc. 228,717 3,282,089 #* Teledyne Technologies, Inc. 15,594 2,126,086 # Terex Corp. 392,208 15,441,229 Tetra Tech, Inc. 563,954 26,759,617 # Textainer Group Holdings, Ltd. 30,005 486,081 #* Thermon Group Holdings, Inc. 286,054 5,111,785 # Titan International, Inc. 664,822 8,476,480 * Titan Machinery, Inc. 130,168 2,323,499 #* Transcat, Inc. 5,948 77,324 * TriMas Corp. 144,133 3,509,639 # Trinity Industries, Inc. 1,591,710 43,628,771 Triton International, Ltd. 327,414 11,806,549 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Industrials -- (Continued) # Triumph Group, Inc. 422,516 $ 10,816,410 * TrueBlue, Inc. 376,991 9,632,120 #* Tutor Perini Corp. 327,207 8,703,706 #* Twin Disc, Inc. 45,423 768,557 * Ultralife Corp. 92,394 637,519 # UniFirst Corp. 63,388 9,016,943 #* United Rentals, Inc. 87,897 10,456,227 Universal Forest Products, Inc. 171,281 14,361,912 #* USA Truck, Inc. 63,385 586,945 #* USG Corp. 411,555 11,128,447 * Vectrus, Inc. 87,968 2,991,792 #* Veritiv Corp. 41,296 1,534,146 #* Versar, Inc. 34,977 40,923 Viad Corp. 155,633 8,334,147 * Virco Manufacturing Corp. 19,199 104,635 #* Volt Information Sciences, Inc. 59,456 217,014 # VSE Corp. 45,364 2,352,123 # Wabash National Corp. 763,300 14,563,764 Watts Water Technologies, Inc. Class A 172,061 11,080,728 # Werner Enterprises, Inc. 705,470 20,917,185 #* Wesco Aircraft Holdings, Inc. 455,669 4,944,009 * WESCO International, Inc. 491,589 25,193,936 * Willis Lease Finance Corp. 12,818 324,039 #* XPO Logistics, Inc. 524,641 31,536,171 -------------- Total Industrials 2,055,193,053 -------------- Information Technology -- (10.8%) * Actua Corp. 424,731 5,733,868 * Acxiom Corp. 663,258 17,888,068 * ADDvantage Technologies Group, Inc. 11,887 18,068 ADTRAN, Inc. 564,524 13,238,088 * Agilysys, Inc. 129,506 1,302,830 * Alpha & Omega Semiconductor, Ltd. 180,741 3,199,116 #* Amkor Technology, Inc. 1,839,496 19,075,574 * Amtech Systems, Inc. 85,149 751,866 * Anixter International, Inc. 135,734 10,689,052 #* ARRIS International P.L.C. 1,092,471 30,545,489 * Arrow Electronics, Inc. 1,011,843 82,252,717 AstroNova, Inc. 34,780 479,964 * Aviat Networks, Inc. 21,821 410,453 Avnet, Inc. 1,615,113 61,988,037 AVX Corp. 669,017 11,955,334 * Aware, Inc. 103,474 475,980 * Axcelis Technologies, Inc. 274,293 6,089,305 * AXT, Inc. 347,692 3,042,305 #* Bankrate, Inc. 344,120 4,783,268 # Bel Fuse, Inc. Class A 3,065 66,511 # Bel Fuse, Inc. Class B 70,056 1,768,914 # Belden, Inc. 77,677 5,588,083 * Benchmark Electronics, Inc. 306,321 10,307,702 # Black Box Corp. 200,438 1,583,460 #* Blackhawk Network Holdings, Inc. 316,829 13,829,586 #* Blucora, Inc. 302,397 6,773,693 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* BroadVision, Inc. 22,469 $ 93,246 Brocade Communications Systems, Inc. 2,387,644 30,155,944 Brooks Automation, Inc. 408,927 10,043,247 * BSQUARE Corp. 111,894 637,796 * CACI International, Inc. Class A 145,937 18,256,719 * Calix, Inc. 439,997 3,013,979 #* Cars.com, Inc. 443,791 10,784,121 * Clearfield, Inc. 29,974 344,701 # ClearOne, Inc. 200 1,960 #* Coherent, Inc. 85,269 22,596,285 Cohu, Inc. 187,666 3,419,275 # Communications Systems, Inc. 39,335 169,141 Computer Task Group, Inc. 102,060 563,371 Comtech Telecommunications Corp. 170,024 3,060,432 # Concurrent Computer Corp. 43,478 293,042 #* Control4 Corp. 128,747 2,941,869 # Convergys Corp. 566,403 13,576,680 #* Cray, Inc. 140,098 2,886,019 #* Cree, Inc. 1,186,273 30,736,333 CSP, Inc. 3,924 40,260 CTS Corp. 186,521 4,103,462 #* CyberOptics Corp. 15,996 263,934 # Daktronics, Inc. 461,206 4,510,595 * DHI Group, Inc. 690,117 1,518,257 * Digi International, Inc. 150,986 1,577,804 * Diodes, Inc. 371,281 9,850,085 * DSP Group, Inc. 124,912 1,573,891 * Echelon Corp. 2,023 10,722 * EchoStar Corp. Class A 486,447 29,541,926 * Edgewater Technology, Inc. 47,972 340,121 #* Electro Scientific Industries, Inc. 303,056 2,621,434 #* Electronics for Imaging, Inc. 506,432 24,602,467 Emcore Corp. 164,316 1,906,066 #* EnerNOC, Inc. 176,074 1,346,966 * Entegris, Inc. 536,125 13,992,862 * ePlus, Inc. 95,710 7,742,939 #* Everi Holdings, Inc. 286,006 2,133,605 * Evolving Systems, Inc. 4,622 22,648 * ExlService Holdings, Inc. 11,835 681,104 #* Fabrinet 448,918 20,205,799 * FARO Technologies, Inc. 132,347 5,227,707 #* Finisar Corp. 770,219 20,965,361 #* Fitbit, Inc. Class A 225,609 1,164,142 #* FORM Holdings Corp. 5,552 6,329 * FormFactor, Inc. 547,024 7,166,014 * Frequency Electronics, Inc. 34,922 300,329 * GSE Systems, Inc. 70,034 196,095 #* GSI Technology, Inc. 111,196 807,283 #* Harmonic, Inc. 1,076,053 4,411,817 * ID Systems, Inc. 45,114 308,129 * IEC Electronics Corp. 4,622 18,164 * II-VI, Inc. 498,818 19,004,966 #* Inseego Corp. 56,226 66,347 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * Insight Enterprises, Inc. 219,712 $ 8,902,730 #* Internap Corp. 65,848 250,222 * inTEST Corp. 48,720 423,864 * Intevac, Inc. 102,957 1,168,562 * IntriCon Corp. 8,849 66,368 * Iteris, Inc. 21,052 132,417 IXYS Corp. 256,237 4,458,524 Jabil, Inc. 1,475,340 44,997,870 * Kemet Corp. 42,255 711,997 * Key Tronic Corp. 59,243 430,697 * Kimball Electronics, Inc. 164,047 3,190,714 #* Knowles Corp. 486,041 7,363,521 * Kulicke & Soffa Industries, Inc. 449,825 9,689,230 * KVH Industries, Inc. 129,284 1,409,196 * Lantronix, Inc. 17,484 38,989 * Lattice Semiconductor Corp. 503,687 3,505,662 * Leaf Group, Ltd. 138,494 1,045,630 * Lightpath Technologies, Inc. Class A 83,796 216,194 * Liquidity Services, Inc. 182,719 1,242,489 ManTech International Corp. Class A 199,500 7,924,140 * Marchex, Inc. Class B 263,990 765,571 Marvell Technology Group, Ltd. 417,197 6,491,585 #* Meet Group, Inc.(The) 871,377 4,374,313 # Methode Electronics, Inc. 263,756 10,484,301 * Microsemi Corp. 15,597 812,292 MKS Instruments, Inc. 385,396 32,238,375 #* ModusLink Global Solutions, Inc. 329,635 553,787 Monotype Imaging Holdings, Inc. 75,018 1,414,089 # MTS Systems Corp. 45,796 2,413,449 * Nanometrics, Inc. 228,533 6,090,404 * Napco Security Technologies, Inc. 44,729 409,270 * NCI, Inc. Class A 38,056 759,217 #* NeoPhotonics Corp. 581,481 4,692,552 * NETGEAR, Inc. 367,723 17,613,932 #* Netscout Systems, Inc. 290,575 10,024,837 Network-1 Technologies, Inc. 73,053 314,128 #* NeuStar, Inc. Class A 2,247 75,050 * Novanta, Inc. 115,376 4,257,374 * Optical Cable Corp. 28,064 63,144 #* OSI Systems, Inc. 221,373 17,703,199 #* PAR Technology Corp. 74,307 665,791 # Park Electrochemical Corp. 167,897 3,154,785 PC Connection, Inc. 126,060 3,252,348 PC-Tel, Inc. 52,542 373,574 #* PCM, Inc. 104,872 1,297,791 #* PDF Solutions, Inc. 52,565 843,668 #* Perceptron, Inc. 37,351 271,168 * Perficient, Inc. 319,258 6,002,050 * Photronics, Inc. 461,904 4,642,135 * Plexus Corp. 309,694 16,602,695 * PRGX Global, Inc. 45,637 285,231 Progress Software Corp. 10,109 323,589 #* Qualstar Corp. 5,566 40,966 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * QuinStreet, Inc. 8,546 $ 33,244 * Qumu Corp. 42,582 110,287 #* Radisys Corp. 276,917 675,677 #* Rambus, Inc. 633,475 8,165,493 #* RealNetworks, Inc. 213,109 927,024 Reis, Inc. 82,711 1,770,015 # Relm Wireless Corp. 8,250 29,288 # RF Industries, Ltd. 30,109 55,702 Richardson Electronics, Ltd. 74,071 434,056 * Rogers Corp. 173,745 20,496,698 * Rubicon Project, Inc. (The) 199,517 937,730 #* Rubicon Technology, Inc. 262 2,138 * Rudolph Technologies, Inc. 390,088 9,654,678 * Sanmina Corp. 547,328 19,621,709 #* Sapiens International Corp. NV 4,800 57,264 * ScanSource, Inc. 193,624 7,667,510 * Seachange International, Inc. 252,768 717,861 #* SecureWorks Corp. Class A 1,084 11,859 * ShoreTel, Inc. 519,996 3,873,970 #* Sigma Designs, Inc. 352,283 2,289,840 * SMTC Corp. 30,286 36,949 #* SolarEdge Technologies, Inc. 63,165 1,449,637 * Sonus Networks, Inc. 325,591 2,223,787 #* Sphere 3D Corp. 1,700 8,670 * StarTek, Inc. 51,986 639,428 * Stratasys, Ltd. 171,398 4,111,838 #* Super Micro Computer, Inc. 464,945 12,483,773 * Sykes Enterprises, Inc. 415,261 14,118,874 #* Synaptics, Inc. 205,419 10,807,094 #* Synchronoss Technologies, Inc. 282,935 4,775,943 SYNNEX Corp. 214,418 25,498,589 # Systemax, Inc. 79,777 1,445,559 #* Tech Data Corp. 433,793 44,420,403 * TechTarget, Inc. 122,592 1,175,657 * Telenav, Inc. 83,218 624,135 Tessco Technologies, Inc. 44,772 597,706 TiVo Corp. 1,002,844 19,655,742 #* Tremor Video, Inc. 34,775 72,680 * Trio-Tech International 979 4,592 #* TTM Technologies, Inc. 763,588 13,271,159 * Ultra Clean Holdings, Inc. 315,277 7,393,246 * Universal Security Instruments, Inc. 1,353 3,247 #* VASCO Data Security International, Inc. 171,488 2,315,088 #* Veeco Instruments, Inc. 379,521 11,689,247 #* VeriFone Systems, Inc. 809,251 15,788,487 * Verint Systems, Inc. 234,976 9,316,798 #* Virtusa Corp. 95,546 3,167,350 # Vishay Intertechnology, Inc. 953,461 17,019,279 * Vishay Precision Group, Inc. 57,269 1,002,208 Wayside Technology Group, Inc. 15,325 263,590 * Wireless Telecom Group, Inc. 10,991 16,267 * Xcerra Corp. 316,628 3,074,458 Xerox Corp. 514,985 15,794,590 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Information Technology -- (Continued) * xG Technology, Inc. 15,597 $ 35,717 * XO Group, Inc. 198,311 3,625,125 Xperi Corp. 47,001 1,374,779 YuMe, Inc. 30,538 132,535 * Zedge, Inc. Class B 17,667 36,571 #* Zynga, Inc. Class A 7,458,928 26,926,730 -------------- Total Information Technology 1,266,046,367 -------------- Materials -- (4.5%) # A Schulman, Inc. 125,152 3,291,498 #* AdvanSix, Inc. 3,130 104,792 #* AgroFresh Solutions, Inc. 10,884 84,895 Alcoa Corp. 67,528 2,458,019 # Allegheny Technologies, Inc. 389,644 7,379,857 # American Vanguard Corp. 229,982 4,070,681 # Ampco-Pittsburgh Corp. 76,467 1,104,948 Ashland Global Holdings, Inc. 24,355 1,582,344 #* Boise Cascade Co. 250,112 7,590,899 Cabot Corp. 172,816 9,389,093 # Calgon Carbon Corp. 431,869 6,909,904 # Carpenter Technology Corp. 421,669 17,048,078 #* Century Aluminum Co. 751,133 12,604,012 # CF Industries Holdings, Inc. 434,775 12,760,646 * Clearwater Paper Corp. 161,625 7,943,869 #* Coeur Mining, Inc. 424,936 3,518,470 # Commercial Metals Co. 999,305 18,587,073 #* Core Molding Technologies, Inc. 41,394 789,384 Domtar Corp. 582,598 22,756,278 Ferroglobe P.L.C. 24,426 312,164 * Flexible Solutions International, Inc. 10,090 19,676 Friedman Industries, Inc. 53,168 288,171 FutureFuel Corp. 221,741 3,228,549 # Gold Resource Corp. 73,473 311,526 Greif, Inc. Class A 174,575 9,791,912 Greif, Inc. Class B 6,655 398,634 #* Handy & Harman, Ltd. 2,054 67,987 Hawkins, Inc. 48,034 2,159,128 # Haynes International, Inc. 99,180 3,102,350 # HB Fuller Co. 483,861 24,928,519 # Hecla Mining Co. 4,236,678 22,920,428 Huntsman Corp. 1,015,099 27,021,935 Innophos Holdings, Inc. 151,477 6,327,194 Innospec, Inc. 260,877 16,278,725 #* Intrepid Potash, Inc. 354,883 1,075,295 # Kaiser Aluminum Corp. 90,908 8,844,439 KapStone Paper and Packaging Corp. 947,233 21,653,746 * Kraton Corp. 289,531 10,770,553 # Kronos Worldwide, Inc. 3,274 69,802 * Louisiana-Pacific Corp. 356,895 8,961,633 #* LSB Industries, Inc. 131,161 928,620 Materion Corp. 145,388 5,590,169 # McEwen Mining, Inc. 61,134 159,560 Mercer International, Inc. 377,325 4,150,575 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) Minerals Technologies, Inc. 226,484 $ 16,035,067 #* Northern Technologies International Corp. 6,062 110,632 # Olin Corp. 1,184,056 34,905,971 Olympic Steel, Inc. 81,702 1,396,287 # PH Glatfelter Co. 281,677 5,765,928 #* Platform Specialty Products Corp. 754,357 10,568,542 Reliance Steel & Aluminum Co. 819,428 59,293,810 * Resolute Forest Products, Inc. 277,308 1,289,482 # Schnitzer Steel Industries, Inc. Class A 345,703 8,919,137 Schweitzer-Mauduit International, Inc. 268,139 10,301,900 Stepan Co. 160,874 13,219,017 * SunCoke Energy, Inc. 686,732 6,146,251 #* Synalloy Corp. 29,236 330,367 #* TimkenSteel Corp. 602,039 9,566,400 #* Trecora Resources 84,591 977,026 Tredegar Corp. 120,201 1,815,035 # Tronox, Ltd. Class A 477,441 9,252,807 #* UFP Technologies, Inc. 4,936 142,404 United States Lime & Minerals, Inc. 26,689 2,167,681 # United States Steel Corp. 657,395 15,442,209 #* Universal Stainless & Alloy Products, Inc. 42,013 798,247 #* Verso Corp. Class A 12,029 57,499 ------------ Total Materials 527,837,729 ------------ Real Estate -- (0.4%) Alexander & Baldwin, Inc. 442,581 18,557,421 Consolidated-Tomoka Land Co. 19,715 1,093,000 * Forestar Group, Inc. 313,088 5,369,459 #* FRP Holdings, Inc. 18,606 858,667 Griffin Industrial Realty, Inc. 10,781 347,040 Jones Lang LaSalle, Inc. 33,776 4,296,983 Kennedy-Wilson Holdings, Inc. 167,641 3,369,584 # RE/MAX Holdings, Inc. Class A 41,180 2,394,617 # Realogy Holdings Corp. 422,526 14,027,863 #* St Joe Co. (The) 20,797 375,386 # Stratus Properties, Inc. 4,030 115,460 #* Tejon Ranch Co. 15,380 322,672 * Trinity Place Holdings, Inc. 33,903 235,626 ------------ Total Real Estate 51,363,778 ------------ Telecommunication Services -- (0.7%) * Alaska Communications Systems Group, Inc. 137,840 310,140 ATN International, Inc. 90,678 5,259,324 Consolidated Communications Holdings, Inc. 130,399 2,347,182 # Frontier Communications Corp. 706,216 10,812,167 * General Communication, Inc. Class A 133,028 5,676,305 * Hawaiian Telcom Holdco, Inc. 14,149 413,717 # IDT Corp. Class B 208,587 3,089,173 #* Iridium Communications, Inc. 320,634 3,190,308 * Lumos Networks Corp. 181,415 3,249,143 #* ORBCOMM, Inc. 842,097 9,776,746 #* pdvWireless, Inc. 441 10,893 U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ----------- --------------- Telecommunication Services -- (Continued) Spok Holdings, Inc. 160,279 $ 2,628,576 Telephone & Data Systems, Inc. 817,093 23,229,954 * United States Cellular Corp. 226,238 8,569,895 # Windstream Holdings, Inc. 609,578 2,310,301 --------------- Total Telecommunication Services 80,873,824 --------------- Utilities -- (0.6%) * Calpine Corp. 2,347,034 33,750,349 Consolidated Water Co., Ltd. 32,635 420,991 #* Dynegy, Inc. 1,280,621 11,499,977 # NRG Energy, Inc. 617,629 15,206,026 # Ormat Technologies, Inc. 168,279 9,978,945 --------------- Total Utilities 70,856,288 --------------- TOTAL COMMON STOCKS 9,845,160,776 --------------- TOTAL INVESTMENT SECURITIES 9,845,160,776 --------------- TEMPORARY CASH INVESTMENTS -- (1.2%) State Street Institutional U.S. Government Money Market Fund, 0.940% 142,173,885 142,173,885 --------------- SECURITIES LENDING COLLATERAL -- (14.4%) (S)@ DFA Short Term Investment Fund 145,008,371 1,678,036,875 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $10,055,011,813)^^ $11,665,371,536 =============== U.S. TARGETED VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- -------------- ------- --------------- Common Stocks Consumer Discretionary $1,582,450,968 $ 1,321,252 -- $ 1,583,772,220 Consumer Staples 265,204,328 -- -- 265,204,328 Energy 876,738,857 -- -- 876,738,857 Financials 2,477,364,465 -- -- 2,477,364,465 Health Care 589,909,867 -- -- 589,909,867 Industrials 2,055,193,053 -- -- 2,055,193,053 Information Technology 1,266,046,367 -- -- 1,266,046,367 Materials 527,837,729 -- -- 527,837,729 Real Estate 51,363,778 -- -- 51,363,778 Telecommunication Services 80,873,824 -- -- 80,873,824 Utilities 70,856,288 -- -- 70,856,288 Temporary Cash Investments 142,173,885 -- -- 142,173,885 Securities Lending Collateral -- 1,678,036,875 -- 1,678,036,875 Futures Contracts** 1,377,053 -- -- 1,377,053 -------------- -------------- -- --------------- TOTAL $9,987,390,462 $1,679,358,127 -- $11,666,748,589 ============== ============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. U.S. SMALL CAP VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ------------ COMMON STOCKS -- (86.5%) Consumer Discretionary -- (13.7%) #* 1-800-Flowers.com, Inc. Class A 210,214 $ 2,028,565 A.H. Belo Corp. Class A 341,198 1,808,349 # Aaron's, Inc. 2,630,659 121,746,899 # Abercrombie & Fitch Co. Class A 2,638,236 25,960,242 # Adtalem Global Education, Inc. 2,264,058 73,581,885 # AMC Entertainment Holdings, Inc. Class A 614,141 12,528,476 AMCON Distributing Co. 3,858 374,033 #* American Axle & Manufacturing Holdings, Inc. 991,775 14,618,763 American Eagle Outfitters, Inc. 176,124 2,085,308 * American Public Education, Inc. 274,603 5,849,044 #* Ascena Retail Group, Inc. 6,704,685 15,688,963 #* Ascent Capital Group, Inc. Class A 300,543 5,079,177 #* AV Homes, Inc. 361,150 5,796,457 * Ballantyne Strong, Inc. 282,242 1,919,246 #* Barnes & Noble Education, Inc. 1,521,911 11,003,417 # Barnes & Noble, Inc. 2,547,580 20,762,777 Bassett Furniture Industries, Inc. 198,342 7,378,322 # BBX Capital Corp. 390,422 2,405,000 # Beasley Broadcast Group, Inc. Class A 80,195 842,048 #* Belmond, Ltd. Class A 3,320,911 43,337,889 # Big 5 Sporting Goods Corp. 654,557 7,036,488 #* Biglari Holdings, Inc. 7,468 2,795,422 #* Boot Barn Holdings, Inc. 367,265 2,941,793 #* Bridgepoint Education, Inc. 34,643 336,384 #* Build-A-Bear Workshop, Inc. 268,321 2,575,882 #* Cabela's, Inc. 57,777 3,292,133 # CalAtlantic Group, Inc. 50,607 1,776,306 Caleres, Inc. 863,088 23,545,041 # Callaway Golf Co. 589,763 7,507,683 * Cambium Learning Group, Inc. 93,605 460,537 Canterbury Park Holding Corp. 15,171 175,984 * Career Education Corp. 402,351 3,383,772 # Carriage Services, Inc. 167,320 4,080,935 # Cato Corp. (The) Class A 495,468 8,427,911 * Century Casinos, Inc. 107,622 773,802 #* Century Communities, Inc. 423,329 10,964,221 # Chico's FAS, Inc. 703,305 6,435,241 #* Christopher & Banks Corp. 488,313 688,521 Citi Trends, Inc. 324,013 7,176,888 #* Conn's, Inc. 302,361 6,470,525 #* Container Store Group, Inc. (The) 125,397 670,874 # Cooper Tire & Rubber Co. 647,619 23,670,474 # Core-Mark Holding Co., Inc. 77,726 2,850,212 # CSS Industries, Inc. 257,320 6,888,456 #* Deckers Outdoor Corp. 707,637 45,897,336 #* Del Frisco's Restaurant Group, Inc. 569,151 8,081,944 #* Del Taco Restaurants, Inc. 848,400 11,105,556 #* Delta Apparel, Inc. 185,130 3,893,284 #* Destination Maternity Corp. 111,523 170,630 # Dillard's, Inc. Class A 505,367 37,306,192 #* Dixie Group, Inc. (The) 357,179 1,518,011 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) Dover Motorsports, Inc. 319,398 $ 654,766 # Drive Shack, Inc. 68,566 209,812 # DSW, Inc. Class A 2,031,439 36,647,160 #* El Pollo Loco Holdings, Inc. 257,036 3,341,468 #* Eldorado Resorts, Inc. 46,674 952,150 * Emerson Radio Corp. 103,087 130,920 * Emmis Communications Corp. Class A 19,841 58,531 # Entercom Communications Corp. Class A 525,483 5,176,008 # Escalade, Inc. 26,843 331,511 # Ethan Allen Interiors, Inc. 320,993 10,287,826 #* EVINE Live, Inc. 12,616 15,013 #* EW Scripps Co. (The) Class A 1,823,845 35,838,554 #* Express, Inc. 2,203,198 13,351,380 * Fiesta Restaurant Group, Inc. 5,100 85,680 # Finish Line, Inc. (The) Class A 978,304 13,461,463 # Flanigan's Enterprises, Inc. 4,740 127,032 # Flexsteel Industries, Inc. 202,808 11,353,192 #* Fossil Group, Inc. 1,014,983 11,418,559 # Fred's, Inc. Class A 877,260 5,939,050 #* FTD Cos., Inc. 781,688 15,360,169 * Full House Resorts, Inc. 112,535 286,964 #* G-III Apparel Group, Ltd. 1,061,892 27,641,049 # GameStop Corp. Class A 3,302,415 71,629,381 Gaming Partners International Corp. 23,164 246,465 # Gannett Co., Inc. 1,992,989 17,877,111 #* Genesco, Inc. 599,116 19,231,624 #* Global Eagle Entertainment, Inc. 237,306 749,887 Graham Holdings Co. Class B 68,485 40,570,514 #* Gray Television, Inc. 1,966,669 29,303,368 #* Gray Television, Inc. Class A 23,767 304,812 * Green Brick Partners, Inc. 313,220 3,523,725 # Group 1 Automotive, Inc. 587,767 35,001,525 # Guess?, Inc. 2,588,837 33,810,211 * Harte-Hanks, Inc. 1,205,061 1,162,884 Haverty Furniture Cos., Inc. 546,976 12,170,216 Haverty Furniture Cos., Inc. Class A 5,701 127,560 #* Helen of Troy, Ltd. 286,048 28,819,336 * Hemisphere Media Group, Inc. 14,950 186,875 * Hibbett Sports, Inc. 443,212 6,914,107 # Hooker Furniture Corp. 284,047 11,986,783 #* Iconix Brand Group, Inc. 1,071,949 7,149,900 # ILG, Inc. 1,533,088 40,642,163 International Speedway Corp. Class A 119,102 4,263,852 * Intrawest Resorts Holdings, Inc. 19,678 467,353 * J Alexander's Holdings, Inc. 77,487 817,488 #* JAKKS Pacific, Inc. 580,631 1,916,082 #* JC Penney Co., Inc. 1,963,115 10,620,452 Johnson Outdoors, Inc. Class A 206,255 10,420,003 * K12, Inc. 1,083,097 19,181,648 # KB Home 344,936 7,905,933 #* Kirkland's, Inc. 210,007 1,963,565 #* Kona Grill, Inc. 31,456 83,358 * La Quinta Holdings, Inc. 311,801 4,648,953 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ ---------- ----------- Consumer Discretionary -- (Continued) * Lakeland Industries, Inc. 165,188 $ 2,486,079 * Lands' End, Inc. 3,300 44,550 Libbey, Inc. 204,388 1,839,492 * Liberty Expedia Holdings, Inc. Class A 136,988 7,815,165 # Liberty Tax, Inc. 37,872 533,995 * Liberty TripAdvisor Holdings, Inc. Class A 2,112,531 24,822,239 Lifetime Brands, Inc. 423,240 8,020,398 * Luby's, Inc. 727,682 2,088,447 #* M/I Homes, Inc. 692,910 17,974,085 # Marcus Corp. (The) 554,831 15,091,403 #* MarineMax, Inc. 634,561 9,486,687 # Marriott Vacations Worldwide Corp. 711,971 83,193,811 #* McClatchy Co. (The) Class A 126,957 1,015,656 # McRae Industries, Inc. Class A 4,660 150,518 # MDC Holdings, Inc. 1,636,852 56,127,655 (degrees) Media General, Inc. 564,216 1,139,716 # Meredith Corp. 202,172 12,019,125 #* Meritage Homes Corp. 1,426,415 58,126,411 #* Modine Manufacturing Co. 1,316,058 21,385,942 #* Motorcar Parts of America, Inc. 2,854 79,826 # Movado Group, Inc. 465,183 11,443,502 # NACCO Industries, Inc. Class A 141,236 9,265,082 #* Nevada Gold & Casinos, Inc. 83,887 199,651 * New Home Co., Inc. (The) 110,114 1,190,332 # New Media Investment Group, Inc. 967,242 13,483,353 #* New York & Co., Inc. 203,180 316,961 Nobility Homes, Inc. 1,994 35,693 # Office Depot, Inc. 13,316,808 78,169,663 P&F Industries, Inc. Class A 17,337 104,542 #* Party City Holdco, Inc. 29,780 415,431 # Penske Automotive Group, Inc. 305,903 13,319,017 * Perfumania Holdings, Inc. 79,183 123,525 #* Perry Ellis International, Inc. 463,474 9,102,629 * PICO Holdings, Inc. 203,807 3,311,864 # Pier 1 Imports, Inc. 1,285,389 5,925,643 #* Playa Hotels & Resorts NV 115,810 1,368,874 * QEP Co., Inc. 40,516 1,050,377 # RCI Hospitality Holdings, Inc. 322,238 7,311,580 #* Reading International, Inc. Class A 8,287 132,261 #* Red Lion Hotels Corp. 569,841 4,074,363 #* Red Robin Gourmet Burgers, Inc. 273,406 16,349,679 #* Regis Corp. 1,504,211 15,839,342 Rocky Brands, Inc. 208,752 2,912,090 # Saga Communications, Inc. Class A 153,032 5,945,293 # Salem Media Group, Inc. 239,861 1,715,006 # Scholastic Corp. 1,237,437 51,267,015 #* Sequential Brands Group, Inc. 108,293 347,621 * Shiloh Industries, Inc. 363,607 2,697,964 # Shoe Carnival, Inc. 470,929 8,599,164 # Signet Jewelers, Ltd. 18,177 1,111,705 # Sonic Automotive, Inc. Class A 821,025 14,901,604 Speedway Motorsports, Inc. 1,032,683 21,954,841 # Stage Stores, Inc. 961,092 1,912,573 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Consumer Discretionary -- (Continued) Standard Motor Products, Inc. 141,091 $ 7,108,165 Stanley Furniture Co., Inc. 4,253 5,359 # Stein Mart, Inc. 386,802 537,655 # Strattec Security Corp. 88,063 3,126,236 Superior Industries International, Inc. 767,644 15,007,440 # Superior Uniform Group, Inc. 237,643 5,306,568 * Sypris Solutions, Inc. 158,675 264,194 * Taylor Morrison Home Corp. Class A 1,793,884 40,577,656 # Tilly's, Inc. Class A 381,081 3,803,188 Time, Inc. 1,346,073 18,912,326 * TopBuild Corp. 955,846 50,449,552 Tower International, Inc. 20,583 508,400 * Townsquare Media, Inc. Class A 98,881 1,093,624 * Trans World Entertainment Corp. 634,593 1,110,538 #* TravelCenters of America LLC 105,876 386,447 #* TRI Pointe Group, Inc. 5,761,788 76,631,780 Tribune Media Co. Class A 719,078 30,309,138 #* Tuesday Morning Corp. 1,483,549 2,744,566 #* UCP, Inc. Class A 163,328 1,821,107 * Unifi, Inc. 439,393 14,394,515 #* Universal Technical Institute, Inc. 156,292 556,400 #* Urban One, Inc. 426,010 809,419 #* Urban Outfitters, Inc. 64,223 1,258,129 #* Vera Bradley, Inc. 671,624 6,769,970 #* Vista Outdoor, Inc. 1,359,775 31,397,205 #* Vitamin Shoppe, Inc. 480,258 5,282,838 * VOXX International Corp. 616,955 4,133,598 West Marine, Inc. 677,269 8,729,997 # Weyco Group, Inc. 43,929 1,224,741 #* William Lyon Homes Class A 891,944 20,166,854 # Winnebago Industries, Inc. 49,119 1,807,579 # Wolverine World Wide, Inc. 541,370 15,266,634 #* ZAGG, Inc. 597,461 5,048,545 #* Zumiez, Inc. 544,534 6,915,582 -------------- Total Consumer Discretionary 2,246,864,074 -------------- Consumer Staples -- (4.0%) # Alico, Inc. 31,326 946,045 #* Alliance One International, Inc. 212,265 3,226,428 # Andersons, Inc. (The) 768,822 26,485,918 * Bridgford Foods Corp. 37,720 420,955 * CCA Industries, Inc. 28,497 101,164 #* Central Garden & Pet Co. 320,614 10,259,648 * Central Garden & Pet Co. Class A 1,004,101 30,886,147 #* Chefs' Warehouse, Inc. (The) 13,683 198,404 * Coffee Holding Co., Inc. 1,109 4,613 #* Darling Ingredients, Inc. 6,321,251 102,846,754 # Fresh Del Monte Produce, Inc. 1,805,623 92,935,416 #* Hostess Brands, Inc. 364,707 5,572,723 Ingles Markets, Inc. Class A 303,354 8,948,943 # John B. Sanfilippo & Son, Inc. 177,794 11,435,710 #* Landec Corp. 726,186 8,932,088 # Mannatech, Inc. 6,862 111,508 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) #* Natural Alternatives International, Inc. 174,072 $ 1,740,720 #* Natural Grocers by Vitamin Cottage, Inc. 125,096 1,102,096 # Nature's Sunshine Products, Inc. 7,360 93,104 Nutraceutical International Corp. 191,250 7,994,250 # Oil-Dri Corp. of America 72,862 3,013,572 # Omega Protein Corp. 627,152 10,034,432 # Orchids Paper Products Co. 11,505 129,546 # Sanderson Farms, Inc. 284,830 37,241,522 Seaboard Corp. 18,357 78,476,175 * Seneca Foods Corp. Class A 203,023 5,826,760 * Seneca Foods Corp. Class B 24,020 742,218 #* Smart & Final Stores, Inc. 738,653 6,352,416 # Snyder's-Lance, Inc. 870,221 30,274,989 # SpartanNash Co. 1,054,691 29,257,128 #* United Natural Foods, Inc. 1,608,345 61,969,533 # Universal Corp. 838,058 53,593,809 # Village Super Market, Inc. Class A 167,326 4,137,972 # Weis Markets, Inc. 287,400 13,596,894 ------------ Total Consumer Staples 648,889,600 ------------ Energy -- (8.2%) Adams Resources & Energy, Inc. 112,280 4,265,517 Andeavor 89,128 8,870,910 # Archrock, Inc. 2,567,954 28,119,096 # Ardmore Shipping Corp. 283,818 2,256,353 #* Atwood Oceanics, Inc. 2,460,718 19,341,243 * Barnwell Industries, Inc. 123,673 231,269 #* Bill Barrett Corp. 2,275,398 7,690,845 # Bristow Group, Inc. 1,144,922 8,438,075 #* Callon Petroleum Co. 1,856,728 21,018,161 #* Clean Energy Fuels Corp. 2,799,746 7,335,335 #* Cloud Peak Energy, Inc. 1,994,406 6,900,645 #* CONSOL Energy, Inc. 2,391,349 40,079,009 #* Contango Oil & Gas Co. 182,605 1,095,630 # CVR Energy, Inc. 25,677 485,552 #* Dawson Geophysical Co. 456,375 1,830,064 # Delek US Holdings, Inc. 3,608,646 94,221,747 # DHT Holdings, Inc. 3,281,751 13,652,084 #* Diamond Offshore Drilling, Inc. 375,022 4,657,773 #* Dorian LPG, Ltd. 762,007 5,486,450 #* Dril-Quip, Inc. 1,109,253 49,472,684 #* Eclipse Resources Corp. 647,155 1,818,506 # EnLink Midstream LLC 46,263 811,916 # Ensco P.L.C. Class A 5,761,286 30,477,203 #* EP Energy Corp. Class A 144,288 487,693 #* Era Group, Inc. 747,353 6,546,812 * Exterran Corp. 1,261,428 34,928,941 # GasLog, Ltd. 659,590 12,037,517 # Green Plains, Inc. 1,241,785 24,525,254 # Gulf Island Fabrication, Inc. 411,561 4,691,795 # Hallador Energy Co. 354,230 2,440,645 #* Helix Energy Solutions Group, Inc. 2,143,880 14,020,975 #* Hornbeck Offshore Services, Inc. 1,090,197 2,747,296 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Energy -- (Continued) #* Independence Contract Drilling, Inc. 314,894 $ 1,218,640 #* International Seaways, Inc. 197,310 4,500,641 #* ION Geophysical Corp. 10,650 37,808 #* Jones Energy, Inc. Class A 44,813 67,220 * Matrix Service Co. 501,045 5,185,816 #* McDermott International, Inc. 8,443,595 57,163,138 * Mitcham Industries, Inc. 307,058 1,219,020 # Nabors Industries, Ltd. 9,073,782 69,958,859 * Natural Gas Services Group, Inc. 391,873 9,777,231 #* Newpark Resources, Inc. 1,007,159 8,409,778 # Noble Corp. P.L.C. 4,864,217 19,456,868 #* Northern Oil and Gas, Inc. 47,576 59,470 #* Oasis Petroleum, Inc. 8,538,584 66,430,184 # Oceaneering International, Inc. 871,271 22,348,101 #* Oil States International, Inc. 1,767,780 43,929,333 #* Overseas Shipholding Group, Inc. Class A 863,208 2,658,681 #* Pacific Drilling SA 20,732 31,098 #* Pacific Ethanol, Inc. 943,299 5,895,619 #* Par Pacific Holdings, Inc. 5,603 100,350 #* Parker Drilling Co. 4,023,560 4,828,272 # Patterson-UTI Energy, Inc. 3,240,184 62,665,159 # PBF Energy, Inc. Class A 3,500,708 79,711,121 #* PDC Energy, Inc. 1,288,172 60,750,192 * PHI, Inc. Non-Voting 390,339 3,786,288 #* PHI, Inc. Voting 1,686 15,933 #* Pioneer Energy Services Corp. 1,532,499 3,371,498 * QEP Resources, Inc. 1,241,802 10,642,243 #* Renewable Energy Group, Inc. 449,501 5,618,763 #* REX American Resources Corp. 177,179 17,714,356 #* Rowan Cos. P.L.C. Class A 5,089,826 59,398,269 #* SAExploration Holdings, Inc. 5,482 16,336 # Scorpio Tankers, Inc. 6,742,352 25,014,126 #* SEACOR Holdings, Inc. 505,912 17,246,540 #* SEACOR Marine Holdings, Inc. 508,649 7,416,102 # SemGroup Corp. Class A 1,450,928 39,247,602 # Ship Finance International, Ltd. 292,591 3,979,238 # Teekay Corp. 42,502 416,520 # Teekay Tankers, Ltd. Class A 2,631,153 4,736,075 #* TETRA Technologies, Inc. 361,170 1,014,888 #* Transocean, Ltd. 2,278,795 19,711,577 #* Unit Corp. 577,138 10,376,941 #* Whiting Petroleum Corp. 14,599,749 76,648,682 #* Willbros Group, Inc. 270,116 551,037 World Fuel Services Corp. 1,263,634 40,865,924 -------------- Total Energy 1,335,174,532 -------------- Financials -- (23.0%) 1st Constitution Bancorp 52,313 897,168 # 1st Source Corp. 604,298 29,671,032 # A-Mark Precious Metals, Inc. 3,540 53,348 #* Ambac Financial Group, Inc. 827,961 16,915,243 # American Equity Investment Life Holding Co. 3,252,117 87,091,693 # American National Bankshares, Inc. 27,383 1,033,708 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) American National Insurance Co. 66,130 $ 7,869,470 American River Bankshares 146,710 2,046,605 # AmeriServ Financial, Inc. 328,767 1,298,630 # Amtrust Financial Services, Inc. 127,255 2,036,080 * Anchor Bancorp, Inc. 600 15,225 Argo Group International Holdings, Ltd. 1,083,224 64,939,279 Aspen Insurance Holdings, Ltd. 2,032,416 99,181,901 Associated Banc-Corp 3,985,604 95,455,216 # Associated Capital Group, Inc. Class A 4,773 160,134 * Asta Funding, Inc. 27,927 204,565 Astoria Financial Corp. 2,757,955 55,655,532 Atlantic American Corp. 238,675 859,230 #* Atlantic Capital Bancshares, Inc. 39,219 756,927 * Atlantic Coast Financial Corp. 18,846 149,826 * Atlanticus Holdings Corp. 261,932 646,972 #* Atlas Financial Holdings, Inc. 64,534 997,050 # Baldwin & Lyons, Inc. Class A 3,124 72,789 Baldwin & Lyons, Inc. Class B 368,575 8,624,655 # Banc of California, Inc. 543,346 11,165,760 # Bancorp of New Jersey, Inc. 420 7,243 # BancorpSouth, Inc. 178,613 5,367,321 Bank Mutual Corp. 503,409 5,008,920 # Bank of Commerce Holdings 35,626 368,729 BankFinancial Corp. 530,129 7,941,332 BankUnited, Inc. 36,527 1,257,259 Banner Corp. 489,512 28,279,108 # Bar Harbor Bankshares 40,917 1,141,175 # BCB Bancorp, Inc. 41,006 615,090 Bear State Financial, Inc. 105,966 983,364 # Beneficial Bancorp, Inc. 1,398,492 21,816,475 * Berkshire Bancorp, Inc. 4,650 53,126 # Berkshire Hills Bancorp, Inc. 1,050,429 39,023,437 # Blue Hills Bancorp, Inc. 291,702 5,527,753 * BNCCORP, Inc. 28,507 762,562 # Boston Private Financial Holdings, Inc. 151,867 2,331,158 # Bridge Bancorp, Inc. 2,666 86,645 # Brookline Bancorp, Inc. 2,182,025 32,403,071 # C&F Financial Corp. 28,198 1,404,260 # California First National Bancorp 141,374 2,353,877 # Camden National Corp. 26,936 1,131,312 Capital Bank Financial Corp. Class A 17,226 654,588 Capital City Bank Group, Inc. 100,842 2,153,985 # Capitol Federal Financial, Inc. 1,449,039 20,663,296 # Cathay General Bancorp 695,275 26,038,049 Central Pacific Financial Corp. 112,396 3,476,408 # Central Valley Community Bancorp 53,543 1,176,875 Century Bancorp, Inc. Class A 30,680 2,046,356 Charter Financial Corp. 134,125 2,411,568 Chemical Financial Corp. 707,485 34,093,702 # Citizens & Northern Corp. 8,852 204,304 # Citizens Community Bancorp, Inc. 42,530 593,294 # Citizens First Corp. 5,422 118,742 # Civista Bancshares, Inc. 8,184 167,363 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) # Clifton Bancorp, Inc. 280,352 $ 4,679,075 # CNB Financial Corp. 43,364 1,143,075 CNO Financial Group, Inc. 4,510,009 103,189,006 # Codorus Valley Bancorp, Inc. 31,579 882,949 Colony Bankcorp, Inc. 12,037 169,120 * Community Bankers Trust Corp. 300 2,580 Community Trust Bancorp, Inc. 119,001 5,140,843 Community West Bancshares 23,717 245,471 ConnectOne Bancorp, Inc. 317,761 7,149,623 #* Consumer Portfolio Services, Inc. 705,684 2,900,361 #* Cowen, Inc. 347,842 5,565,472 #* Customers Bancorp, Inc. 499,209 14,901,389 # Dime Community Bancshares, Inc. 660,413 13,736,590 Donegal Group, Inc. Class A 537,281 8,102,197 # Donegal Group, Inc. Class B 54,141 841,893 Eagle Bancorp Montana, Inc. 22,013 401,737 # EMC Insurance Group, Inc. 489,293 13,553,416 # Employers Holdings, Inc. 630,425 27,328,924 * Enova International, Inc. 2,070 30,015 #* Enstar Group, Ltd. 22,580 4,574,708 #* Equity Bancshares, Inc. Class A 13,908 480,800 # ESSA Bancorp, Inc. 177,786 2,622,344 # Evans Bancorp, Inc. 6,704 273,188 #* Ezcorp, Inc. Class A 1,391,847 10,856,407 Fairfax Financial Holdings, Ltd. 4,378 2,085,026 # Farmers Capital Bank Corp. 76,537 2,873,964 # Farmers National Banc Corp. 7,811 107,401 # FBL Financial Group, Inc. Class A 742,569 50,420,435 Federal Agricultural Mortgage Corp. Class A 3,592 240,664 # Federal Agricultural Mortgage Corp. Class C 262,166 17,974,101 Federated National Holding Co. 148,747 2,368,052 # Fidelity Southern Corp. 145,434 3,062,840 Financial Institutions, Inc. 307,426 9,038,324 * First Acceptance Corp. 827,873 745,086 # First American Financial Corp. 42,022 2,034,285 #* First BanCorp(318672706) 4,051,045 23,739,124 # First Bancorp(318910106) 220,466 6,900,586 First Bancorp of Indiana, Inc. 5,430 116,338 First Bancorp, Inc. 1,508 40,626 * First Bancshares, Inc. 17,709 205,424 # First Bancshares, Inc. (The) 2,580 71,595 # First Business Financial Services, Inc. 62,643 1,331,790 # First Citizens BancShares, Inc. Class A 22,318 8,213,470 First Commonwealth Financial Corp. 2,354,343 30,677,089 First Community Bancshares, Inc. 224,297 6,105,364 First Connecticut Bancorp, Inc. 109,655 2,807,168 First Defiance Financial Corp. 216,075 11,181,881 First Federal of Northern Michigan Bancorp, Inc. 31,310 249,697 # First Financial Corp. 130,526 6,010,722 # First Financial Northwest, Inc. 275,485 4,520,709 # First Internet Bancorp 21,493 708,194 First Interstate Bancsystem, Inc. Class A 478,101 17,474,592 # First Merchants Corp. 854,862 34,570,619 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) First Mid-Illinois Bancshares, Inc. 9,633 $ 352,471 First Midwest Bancorp, Inc. 1,276,150 28,343,292 #* First Northwest Bancorp 54,985 838,521 First South Bancorp, Inc. 8,902 153,203 * First United Corp. 79,633 1,202,458 # FirstCash, Inc. 348,241 20,250,214 #* Flagstar Bancorp, Inc. 926,228 30,157,984 Flushing Financial Corp. 622,566 17,761,808 FNB Corp. 827,956 11,342,997 * FNFV Group 668,212 11,526,657 # Fulton Financial Corp. 5,553,915 101,358,949 # Gain Capital Holdings, Inc. 332,355 2,230,102 * GAINSCO, Inc. 100 1,728 #* Genworth Financial, Inc. Class A 5,232,792 17,948,477 #* Global Indemnity, Ltd. 281,055 10,893,692 Great Southern Bancorp, Inc. 8,969 465,940 # Great Western Bancorp, Inc. 240,232 9,371,450 #* Greenlight Capital Re, Ltd. Class A 245,086 5,244,840 Guaranty Federal Bancshares, Inc. 32,452 697,718 * Hallmark Financial Services, Inc. 502,536 5,653,530 Hancock Holding Co. 1,884,673 86,694,958 Hanover Insurance Group, Inc. (The) 1,210,534 114,831,255 Harleysville Financial Corp. 5,124 116,571 # Hawthorn Bancshares, Inc. 32,980 670,319 # HCI Group, Inc. 68,040 3,067,924 Heartland Financial USA, Inc. 67,427 3,175,812 Heritage Financial Corp. 448,378 12,195,882 # Heritage Insurance Holdings, Inc. 315,941 3,984,016 Hilltop Holdings, Inc. 1,307,737 32,732,657 * HMN Financial, Inc. 101,761 1,831,698 # Home Bancorp, Inc. 6,475 262,367 #* HomeStreet, Inc. 788,301 20,692,901 * HomeTrust Bancshares, Inc. 209,750 5,065,463 Hope Bancorp, Inc. 1,122,160 19,783,681 HopFed Bancorp, Inc. 75,218 1,096,678 # Horace Mann Educators Corp. 968,533 35,738,868 Iberiabank Corp. 920,024 74,383,940 #* Impac Mortgage Holdings, Inc. 900 13,239 # Independence Holding Co. 2,107 46,775 Independent Bank Corp. 3,821 81,005 # Independent Bank Group, Inc. 108,489 6,547,311 Infinity Property & Casualty Corp. 393,316 39,351,266 International Bancshares Corp. 1,196,350 42,350,790 #* INTL. FCStone, Inc. 41,525 1,624,873 Investar Holding Corp. 564 12,775 # Investors Title Co. 43,312 7,645,434 #* Janus Henderson Group P.L.C. 1,662,200 55,667,078 # Kearny Financial Corp. 1,653,307 24,138,282 # Kemper Corp. 1,712,513 67,216,135 # Lake Shore Bancorp, Inc. 697 11,013 # Lakeland Bancorp, Inc. 274,878 5,318,889 Landmark Bancorp, Inc. 29,629 878,500 LCNB Corp. 16,343 327,677 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Legg Mason, Inc. 351,964 $14,082,080 # Mackinac Financial Corp. 135,692 1,972,962 #* Magyar Bancorp, Inc. 36,773 469,959 # Maiden Holdings, Ltd. 2,527,000 28,049,700 # MainSource Financial Group, Inc. 525,244 18,352,025 # Marlin Business Services Corp. 345,126 8,973,276 # MB Financial, Inc. 1,917,119 78,410,167 #* MBIA, Inc. 3,695,096 37,579,126 MBT Financial Corp. 358,502 3,441,619 Mercantile Bank Corp. 292,456 9,305,950 Meridian Bancorp, Inc. 124,085 2,190,100 Mid Penn Bancorp, Inc. 4,664 125,928 MidSouth Bancorp, Inc. 75,446 848,768 # MidWestOne Financial Group, Inc. 43,730 1,505,187 * MSB Financial Corp. 3,518 60,861 MutualFirst Financial, Inc. 140,043 4,887,501 # National Bank Holdings Corp. Class A 704,313 24,038,203 # National General Holdings Corp. 15,929 337,854 # National Security Group, Inc. (The) 11,290 154,052 # National Western Life Group, Inc. Class A 72,459 24,388,975 #* Nationstar Mortgage Holdings, Inc. 287,892 5,133,114 Navigators Group, Inc. (The) 903,402 51,493,914 # Nelnet, Inc. Class A 764,334 37,521,156 NewStar Financial, Inc. 616,058 6,739,675 * Nicholas Financial, Inc. 191,957 1,689,222 #* Nicolet Bankshares, Inc. 7,626 413,100 * NMI Holdings, Inc. Class A 963,272 11,366,610 # Northeast Bancorp 49,548 1,065,282 Northeast Community Bancorp, Inc. 10,981 99,927 # Northfield Bancorp, Inc. 678,912 11,398,932 # Northrim BanCorp, Inc. 169,218 4,932,705 # Northwest Bancshares, Inc. 2,434,722 39,199,024 # Norwood Financial Corp. 504 21,591 # OceanFirst Financial Corp. 95,539 2,587,196 OFG Bancorp 1,211,340 12,173,967 # Old National Bancorp 4,542,920 74,049,596 # Old Second Bancorp, Inc. 315,121 3,734,184 OneBeacon Insurance Group, Ltd. Class A 63,197 1,157,769 #* OneMain Holdings, Inc. 644,687 17,238,930 # Oppenheimer Holdings, Inc. Class A 149,705 2,357,854 # Opus Bank 323,352 7,695,778 # Oritani Financial Corp. 412,985 6,855,551 # Pacific Continental Corp. 11,867 301,422 Park Sterling Corp. 877,085 10,191,728 Parke Bancorp, Inc. 484 9,777 # Patriot National Bancorp, Inc. 7,682 125,217 # PB Bancorp, Inc. 3,118 32,271 Peapack Gladstone Financial Corp. 61,170 1,912,786 # Peoples Bancorp of North Carolina, Inc. 35,291 1,115,901 # Peoples Bancorp, Inc. 461,564 15,046,986 # Peoples Financial Services Corp. 10,344 442,413 Pinnacle Financial Partners, Inc. 56,109 3,585,365 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Piper Jaffray Cos. 337,738 $21,074,851 Popular, Inc. 562,871 23,719,384 # Premier Financial Bancorp, Inc. 193,252 3,671,788 # Provident Financial Holdings, Inc. 203,517 3,866,823 Provident Financial Services, Inc. 2,202,553 58,411,706 # Prudential Bancorp, Inc. 4,686 80,459 #* Regional Management Corp. 305,836 7,337,006 # Renasant Corp. 618,496 26,218,045 Republic Bancorp, Inc. Class A 78,546 2,819,801 # Riverview Bancorp, Inc. 486,845 3,695,154 * Royal Bancshares of Pennsylvania, Inc. Class A 16,564 71,060 # S&T Bancorp, Inc. 182,001 6,894,198 # Safety Insurance Group, Inc. 294,452 20,891,369 Salisbury Bancorp, Inc. 3,107 131,426 # Sandy Spring Bancorp, Inc. 435,243 17,427,130 SB Financial Group, Inc. 34,522 608,968 * Security National Financial Corp. Class A 16,858 107,048 #* Select Bancorp, Inc. 43,496 514,993 # Selective Insurance Group, Inc. 1,637,731 82,951,075 Shore Bancshares, Inc. 56,837 959,977 # SI Financial Group, Inc. 49,740 768,483 Siebert Financial Corp. 39,339 157,749 # Sierra Bancorp 280,054 7,673,480 # Simmons First National Corp. Class A 177,991 9,709,409 * Southern First Bancshares, Inc. 20,829 767,549 Southern National Bancorp of Virginia, Inc. 35,343 598,004 Southwest Bancorp, Inc. 515,626 13,457,839 Southwest Georgia Financial Corp. 1,652 32,544 # State Auto Financial Corp. 893,627 23,046,640 # Sterling Bancorp 1,992,933 46,036,752 # Stewart Information Services Corp. 291,960 11,474,028 #* Stifel Financial Corp. 1,089,692 55,410,838 # Summit State Bank 10,697 139,061 # Sun Bancorp, Inc. 27,637 672,961 * Sunshine Bancorp, Inc. 600 13,710 # Sussex Bancorp 30,750 738,000 TCF Financial Corp. 2,540,917 40,044,852 Territorial Bancorp, Inc. 80,409 2,422,723 #* Third Point Reinsurance, Ltd. 621,207 9,038,562 Timberland Bancorp, Inc. 188,335 5,077,512 # Tiptree, Inc. 793,620 5,436,297 Trico Bancshares 65,260 2,408,094 #* TriState Capital Holdings, Inc. 1,734 39,882 * Triumph Bancorp, Inc. 83,113 2,360,409 # Trustmark Corp. 1,388,839 44,387,294 # Two River Bancorp 13,622 249,010 Umpqua Holdings Corp. 1,164,661 21,592,815 #* Unico American Corp. 142,667 1,326,803 # Union Bankshares Corp. 1,256,944 38,827,000 # United Bancshares, Inc. 9,093 203,683 United Community Bancorp 2,815 53,767 # United Community Banks, Inc. 646 17,933 United Community Financial Corp. 664,620 6,114,504 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) United Financial Bancorp, Inc. 1,007,135 $ 18,219,072 United Fire Group, Inc. 790,855 35,683,378 # United Security Bancshares 49,647 466,682 # Unity Bancorp, Inc. 67,523 1,249,176 # Univest Corp. of Pennsylvania 192,894 5,883,267 # Valley National Bancorp 2,199,384 26,128,682 # Virtus Investment Partners, Inc. 9,303 1,095,893 VSB Bancorp, Inc. 833 14,869 # Washington Federal, Inc. 2,995,613 100,203,255 # Waterstone Financial, Inc. 406,479 7,662,129 Wayne Savings Bancshares, Inc. 22,033 383,374 # Webster Financial Corp. 398,395 20,688,652 # WesBanco, Inc. 1,049,887 40,137,180 Western New England Bancorp, Inc. 519,366 5,167,692 Wintrust Financial Corp. 1,394,086 104,988,617 #* World Acceptance Corp. 101,165 7,645,039 WVS Financial Corp. 1,740 27,936 #* Xenith Bankshares, Inc. 46,247 1,303,240 -------------- Total Financials 3,757,020,014 -------------- Health Care -- (4.5%) #* AAC Holdings, Inc. 14,819 92,915 # Aceto Corp. 656,279 11,077,990 #* Alere, Inc. 935,037 47,116,514 * Allied Healthcare Products, Inc. 38,802 81,484 #* Allscripts Healthcare Solutions, Inc. 1,715,058 21,112,364 #* Almost Family, Inc. 116,096 5,740,947 Altimmune, Inc. 5,726 14,430 #* AMAG Pharmaceuticals, Inc. 497,564 9,777,133 * American Shared Hospital Services 87,469 328,009 # Analogic Corp. 176,856 12,415,291 * AngioDynamics, Inc. 1,104,670 17,950,887 * Applied Genetic Technologies Corp. 165,250 784,938 #* Brookdale Senior Living, Inc. 4,418,854 62,747,727 #* Community Health Systems, Inc. 2,085,269 14,909,673 # CONMED Corp. 701,415 35,996,618 #* Cumberland Pharmaceuticals, Inc. 36,546 245,589 * Cutera, Inc. 147,470 3,841,593 # Digirad Corp. 269,340 1,104,294 #* Diplomat Pharmacy, Inc. 76,506 1,214,150 #* Emergent BioSolutions, Inc. 109,152 3,969,858 #* Endo International P.L.C. 4,087,254 45,041,539 # Ensign Group, Inc. (The) 48,398 1,082,663 * Exactech, Inc. 249,604 7,275,957 * Five Star Senior Living, Inc. 297,120 475,392 * FONAR Corp. 5,391 138,549 #* Halyard Health, Inc. 796,401 32,031,248 #* Hanger, Inc. 324,130 3,759,908 #* Harvard Bioscience, Inc. 209,393 586,300 #* Horizon Pharma P.L.C. 1,277,680 15,306,606 #* Impax Laboratories, Inc. 846,511 16,379,988 * InfuSystem Holdings, Inc. 2,117 3,916 #* Integer Holdings Corp. 861,189 39,442,456 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) # Invacare Corp. 666,218 $ 10,426,312 Kewaunee Scientific Corp. 68,046 1,721,564 #* Lannett Co., Inc. 77,899 1,585,245 #* LHC Group, Inc. 218,129 12,629,669 #* LifePoint Health, Inc. 1,220,067 72,471,980 * LivaNova P.L.C. 261,274 15,922,038 * Magellan Health, Inc. 721,888 53,816,750 #* MediciNova, Inc. 7,351 38,299 * Merit Medical Systems, Inc. 133,167 5,459,847 * Micron Solutions, Inc. 2,937 11,631 #* Misonix, Inc. 128,303 1,090,575 #* Molina Healthcare, Inc. 298,015 19,907,402 #* Myriad Genetics, Inc. 1,403,637 34,066,270 National HealthCare Corp. 93,819 6,114,184 * Opko Health, Inc. 147,962 954,355 # Owens & Minor, Inc. 59,934 1,931,673 # PDL BioPharma, Inc. 2,934,237 6,660,718 #* Pfenex, Inc. 78,224 340,274 * PharMerica Corp. 791,123 19,896,743 #* Providence Service Corp. (The) 77,371 3,987,701 #* Quorum Health Corp. 246,916 841,984 #* RTI Surgical, Inc. 1,016,804 5,795,783 #* Select Medical Holdings Corp. 2,445,789 39,621,782 #* Spectrum Pharmaceuticals, Inc. 139,132 1,037,925 #* Tivity Health, Inc. 51,392 2,037,693 #* Triple-S Management Corp. Class B 725,967 11,237,969 ------------ Total Health Care 741,653,292 ------------ Industrials -- (15.1%) AAR Corp. 1,022,355 38,236,077 * ACCO Brands Corp. 3,356,739 39,106,009 Acme United Corp. 4,447 123,048 #* Aegion Corp. 1,064,717 25,489,325 * AeroCentury Corp. 31,474 402,867 #* Aerovironment, Inc. 108,061 4,083,625 # Air Lease Corp. 784,783 31,061,711 * Air Transport Services Group, Inc. 922,797 22,479,335 # Aircastle, Ltd. 2,695,728 63,457,437 # Alamo Group, Inc. 268,264 24,951,235 * Alpha PRO Tech, Ltd. 81,726 281,955 # AMERCO 60,732 23,598,026 * Ameresco, Inc. Class A 241,653 1,582,827 # American Railcar Industries, Inc. 444,443 16,342,169 * AMREP Corp. 7,729 53,176 ArcBest Corp. 818,892 22,765,198 #* Armstrong Flooring, Inc. 542,475 9,417,366 #* Arotech Corp. 431,193 1,552,295 Astec Industries, Inc. 304,600 15,312,242 #* Atlas Air Worldwide Holdings, Inc. 789,518 46,897,369 #* Avalon Holdings Corp. Class A 51,820 117,631 Barnes Group, Inc. 1,100,530 66,229,895 * Beacon Roofing Supply, Inc. 447,965 20,575,032 #* BMC Stock Holdings, Inc. 281,138 6,185,036 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Industrials -- (Continued) Briggs & Stratton Corp. 1,265,392 $ 29,635,481 #* Broadwind Energy, Inc. 189,284 836,635 * CAI International, Inc. 466,932 12,247,626 * CBIZ, Inc. 1,317,389 19,563,227 * CDI Corp. 420,422 3,468,482 # CECO Environmental Corp. 388,312 3,751,094 # Celadon Group, Inc. 751,178 3,417,860 # Cemtrex, Inc. 13,570 45,324 #* Chart Industries, Inc. 204,114 6,939,876 Chicago Rivet & Machine Co. 29,001 1,065,497 * Civeo Corp. 656,410 1,266,871 # Columbus McKinnon Corp. 333,020 8,591,916 # CompX International, Inc. 67,191 974,270 * Continental Materials Corp. 14,260 317,998 Copa Holdings SA Class A 138,114 17,327,782 Costamare, Inc. 523,261 3,364,568 #* Covenant Transportation Group, Inc. Class A 298,665 5,599,969 #* CPI Aerostructures, Inc. 17,786 168,967 CRA International, Inc. 196,685 7,633,345 * CSW Industrials, Inc. 25,621 1,000,500 # Cubic Corp. 526,060 25,066,759 #* DigitalGlobe, Inc. 2,340,325 81,677,342 # DMC Global, Inc. 116,786 1,623,325 * Ducommun, Inc. 320,003 9,267,287 * DXP Enterprises, Inc. 3,269 93,461 Eastern Co. (The) 75,582 2,199,436 #* Echo Global Logistics, Inc. 450,533 6,149,775 Ecology and Environment, Inc. Class A 35,051 438,138 EMCOR Group, Inc. 129,131 8,716,343 # Encore Wire Corp. 535,634 23,889,276 #* Engility Holdings, Inc. 97,475 2,843,346 # Ennis, Inc. 719,291 13,846,352 # ESCO Technologies, Inc. 496,116 30,610,357 # Essendant, Inc. 866,645 10,815,730 #* Esterline Technologies Corp. 1,083,684 104,575,506 Federal Signal Corp. 839,463 15,530,065 #* Franklin Covey Co. 184,336 3,437,866 # FreightCar America, Inc. 321,859 5,291,362 * FTI Consulting, Inc. 1,121,563 36,798,482 * Fuel Tech, Inc. 41,703 36,282 # GATX Corp. 1,562,725 96,623,287 * Gencor Industries, Inc. 171,916 2,759,252 #* Gibraltar Industries, Inc. 626,427 18,698,846 #* Golden Ocean Group, Ltd. 88,714 637,854 * GP Strategies Corp. 9,103 260,801 Graham Corp. 36,553 731,426 # Granite Construction, Inc. 447,949 21,958,460 #* Great Lakes Dredge & Dock Corp. 1,880,522 7,428,062 # Greenbrier Cos., Inc. (The) 646,093 29,074,185 # Griffon Corp. 1,343,457 27,540,868 Hardinge, Inc. 333,566 4,036,149 # Heidrick & Struggles International, Inc. 358,216 6,483,710 #* Heritage-Crystal Clean, Inc. 160,344 3,014,467 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) #* Hertz Global Holdings, Inc. 2,511,297 $34,329,430 #* Hill International, Inc. 365,449 1,845,517 # Houston Wire & Cable Co. 126,360 726,570 * Hub Group, Inc. Class A 616,755 21,000,508 # Hudson Global, Inc. 367,232 492,091 Hurco Cos., Inc. 168,466 5,550,955 #* Huron Consulting Group, Inc. 220,933 7,843,122 # Hyster-Yale Materials Handling, Inc. 267,911 18,984,173 * ICF International, Inc. 537,360 24,315,540 #* IES Holdings, Inc. 43,346 736,882 #* InnerWorkings, Inc. 340,834 4,018,433 * Intersections, Inc. 78,131 342,995 # Kadant, Inc. 375,383 29,298,643 Kelly Services, Inc. Class A 1,044,101 23,252,129 # Kelly Services, Inc. Class B 567 12,803 * Key Technology, Inc. 10,099 144,416 Kimball International, Inc. Class B 28,321 472,111 #* Kirby Corp. 253,575 15,442,717 #* KLX, Inc. 961,354 49,913,500 # Korn/Ferry International 1,488,218 49,780,892 * Lawson Products, Inc. 176,642 4,071,598 #* Layne Christensen Co. 284,315 3,010,896 LS Starrett Co. (The) Class A 179,394 1,435,152 # LSI Industries, Inc. 358,611 3,001,574 * Lydall, Inc. 170,714 8,450,343 #* Manitex International, Inc. 60,308 426,378 Marten Transport, Ltd. 1,405,071 22,410,882 #* MasTec, Inc. 178,716 8,256,679 #* Mastech Digital, Inc. 65,778 620,944 # Matson, Inc. 415,426 11,715,013 # McGrath RentCorp 432,569 15,369,177 Miller Industries, Inc. 300,835 7,851,794 * Mistras Group, Inc. 3,842 77,416 # Mobile Mini, Inc. 1,268,392 39,066,474 * Moog, Inc. Class A 76,149 5,659,394 * MYR Group, Inc. 338,111 10,755,311 # National Presto Industries, Inc. 8,595 972,095 * Navigant Consulting, Inc. 1,407,655 23,831,599 * NL Industries, Inc. 850,816 6,636,365 # NN, Inc. 736,769 20,408,501 #* Northwest Pipe Co. 185,480 2,802,603 #* Orion Energy Systems, Inc. 46,722 54,198 * Orion Group Holdings, Inc. 724,353 5,084,958 * PAM Transportation Services, Inc. 102,172 1,791,075 # Park-Ohio Holdings Corp. 160,310 6,372,323 * Patriot Transportation Holding, Inc. 2,456 49,132 * Performant Financial Corp. 30,372 60,744 * Perma-Pipe International Holdings, Inc. 203,998 1,611,584 # Powell Industries, Inc. 201,304 6,411,532 # Preformed Line Products Co. 50,606 2,465,524 # Quanex Building Products Corp. 833,239 17,914,638 #* Radiant Logistics, Inc. 91,585 396,563 * RCM Technologies, Inc. 209,863 1,116,471 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Industrials -- (Continued) Regal Beloit Corp. 743,466 $ 61,967,891 # Resources Connection, Inc. 418,551 5,587,656 #* Revolution Lighting Technologies, Inc. 33,318 246,220 * Roadrunner Transportation Systems, Inc. 754,115 5,263,723 * RPX Corp. 1,451,308 19,839,380 * Rush Enterprises, Inc. Class A 847,841 36,567,382 #* Rush Enterprises, Inc. Class B 303,861 12,361,065 #* Saia, Inc. 662,586 36,011,549 Servotronics, Inc. 15,025 142,572 * SIFCO Industries, Inc. 65,652 439,868 # SkyWest, Inc. 1,604,820 58,575,930 * Sparton Corp. 183,481 4,231,072 # Spartan Motors, Inc. 897,675 7,944,424 Steelcase, Inc. Class A 114,419 1,561,819 * Sterling Construction Co., Inc. 64,077 818,904 # Supreme Industries, Inc. Class A 12,264 184,451 #* Team, Inc. 458,530 6,579,906 # Terex Corp. 1,635,894 64,405,147 # Tetra Tech, Inc. 441,250 20,937,312 # Textainer Group Holdings, Ltd. 37,910 614,142 * Thermon Group Holdings, Inc. 2,631 47,016 # Titan International, Inc. 694,250 8,851,687 * Titan Machinery, Inc. 135,496 2,418,604 #* Transcat, Inc. 58,439 759,707 * TriMas Corp. 624,666 15,210,617 # Trinity Industries, Inc. 93,024 2,549,788 # Triton International, Ltd. 1,169,834 42,184,214 # Triumph Group, Inc. 278,615 7,132,544 #* Tutor Perini Corp. 1,572,619 41,831,665 #* Twin Disc, Inc. 94,703 1,602,375 * Ultralife Corp. 228,996 1,580,072 # UniFirst Corp. 255,989 36,414,435 # Universal Forest Products, Inc. 484,087 40,590,695 #* USA Truck, Inc. 230,335 2,132,902 * Vectrus, Inc. 255 8,673 #* Veritiv Corp. 292,536 10,867,712 * Versar, Inc. 25,041 29,298 Viad Corp. 463,872 24,840,346 * Virco Manufacturing Corp. 47,331 257,954 #* Volt Information Sciences, Inc. 427,295 1,559,627 # VSE Corp. 78,275 4,058,559 # Wabash National Corp. 802,896 15,319,256 # Werner Enterprises, Inc. 1,670,428 49,528,190 #* Wesco Aircraft Holdings, Inc. 787,438 8,543,702 * WESCO International, Inc. 1,544,991 79,180,789 * Willis Lease Finance Corp. 249,969 6,319,216 -------------- Total Industrials 2,486,434,444 -------------- Information Technology -- (12.4%) * ADDvantage Technologies Group, Inc. 4,523 6,875 * Agilysys, Inc. 446,808 4,494,888 * Alpha & Omega Semiconductor, Ltd. 679,230 12,022,371 #* Amkor Technology, Inc. 3,937,886 40,835,878 * Amtech Systems, Inc. 4,400 38,852 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * Anixter International, Inc. 237,529 $ 18,705,409 AstroNova, Inc. 167,910 2,317,158 #* Autobytel, Inc. 55,623 612,409 * Aviat Networks, Inc. 49,180 925,076 AVX Corp. 1,635,017 29,217,754 * Aware, Inc. 655,871 3,017,007 * AXT, Inc. 780,268 6,827,345 #* Bankrate, Inc. 1,278,316 17,768,592 Bel Fuse, Inc. Class A 13,612 295,380 # Bel Fuse, Inc. Class B 183,597 4,635,824 # Belden, Inc. 38,897 2,798,250 #* Benchmark Electronics, Inc. 1,761,669 59,280,162 # Black Box Corp. 7,090 56,011 #* Blucora, Inc. 1,168,611 26,176,886 Brooks Automation, Inc. 2,159,598 53,039,727 * BSQUARE Corp. 84,739 483,012 * CACI International, Inc. Class A 849,691 106,296,344 * Calix, Inc. 221,704 1,518,672 #* Cars.com, Inc. 21,637 525,779 # ClearOne, Inc. 898 8,800 #* Coherent, Inc. 127,574 33,807,110 Cohu, Inc. 810,812 14,772,995 Communications Systems, Inc. 151,079 649,640 #* comScore, Inc. 32,276 968,958 # Comtech Telecommunications Corp. 734,457 13,220,226 Concurrent Computer Corp. 160,981 1,085,012 # Convergys Corp. 3,556,089 85,239,453 #* Cray, Inc. 410,794 8,462,356 #* Cree, Inc. 3,155,360 81,755,378 CSP, Inc. 128,131 1,314,624 # CTS Corp. 1,059,955 23,319,010 #* CyberOptics Corp. 11,275 186,038 # Daktronics, Inc. 59,689 583,758 #* Data I/O Corp. 28,200 221,652 * Determine, Inc. 2,105 4,357 * DHI Group, Inc. 91,021 200,246 * Digi International, Inc. 768,256 8,028,275 * Diodes, Inc. 912,426 24,206,662 * DSP Group, Inc. 545,798 6,877,055 * Edgewater Technology, Inc. 299,794 2,125,539 #* Electro Scientific Industries, Inc. 413,439 3,576,247 #* ePlus, Inc. 416,388 33,685,789 * Everi Holdings, Inc. 412,003 3,073,542 #* FARO Technologies, Inc. 206,727 8,165,717 #* Finisar Corp. 110,563 3,009,525 #* First Solar, Inc. 105,115 5,183,221 #* FormFactor, Inc. 1,091,506 14,298,729 #* Frequency Electronics, Inc. 211,942 1,822,701 #* GSI Technology, Inc. 10,009 72,665 #* ID Systems, Inc. 20,358 139,045 #* II-VI, Inc. 956,662 36,448,822 #* Infinera Corp. 522,315 6,126,755 #* Inseego Corp. 17,884 21,103 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * Insight Enterprises, Inc. 1,098,126 $44,496,066 #* Intelligent Systems Corp. 27,446 100,178 * inTEST Corp. 6,200 53,940 * IntriCon Corp. 41,461 310,958 IXYS Corp. 806,088 14,025,931 * Kemet Corp. 414,917 6,991,351 * Key Tronic Corp. 367,188 2,669,457 * Kimball Electronics, Inc. 798,917 15,538,936 #* Knowles Corp. 1,109,576 16,810,076 * Kulicke & Soffa Industries, Inc. 2,045,534 44,060,802 #* KVH Industries, Inc. 284,133 3,097,050 * LGL Group, Inc. (The) 8,402 38,397 ManTech International Corp. Class A 768,540 30,526,409 #* Meet Group, Inc.(The) 1,399,588 7,025,932 MKS Instruments, Inc. 998,991 83,565,597 #* ModusLink Global Solutions, Inc. 117,289 197,046 # MTS Systems Corp. 16,486 868,812 #* NCI, Inc. Class A 30,335 605,183 #* NeoPhotonics Corp. 567,432 4,579,176 #* NETGEAR, Inc. 808,301 38,717,618 #* Netscout Systems, Inc. 1,692,817 58,402,187 Network-1 Technologies, Inc. 24,699 106,206 #* NeuStar, Inc. Class A 59,075 1,973,105 * Optical Cable Corp. 169,845 382,151 * PAR Technology Corp. 169,861 1,521,955 # Park Electrochemical Corp. 98,999 1,860,191 # PC Connection, Inc. 867,507 22,381,681 # PC-Tel, Inc. 586,634 4,170,968 #* PCM, Inc. 208,613 2,581,586 #* Perceptron, Inc. 206,707 1,500,693 * Perficient, Inc. 266,869 5,017,137 * Photronics, Inc. 1,970,094 19,799,445 * Plexus Corp. 935,463 50,150,171 * PRGX Global, Inc. 28,353 177,206 #* Qualstar Corp. 24,365 179,326 #* QuinStreet, Inc. 7,502 29,183 #* Rambus, Inc. 6,431 82,896 #* RealNetworks, Inc. 453,132 1,971,124 # Reis, Inc. 222,133 4,753,646 # Relm Wireless Corp. 128,245 455,270 # RF Industries, Ltd. 51,174 94,672 Richardson Electronics, Ltd. 332,888 1,950,724 * Rogers Corp. 102,318 12,070,454 * Rubicon Project, Inc. (The) 879,679 4,134,491 * Rudolph Technologies, Inc. 463,787 11,478,728 * Sanmina Corp. 2,606,192 93,431,983 * ScanSource, Inc. 681,356 26,981,698 #* SecureWorks Corp. Class A 7,707 84,315 #* Sigma Designs, Inc. 903,434 5,872,321 * Sigmatron International, Inc. 16,500 137,940 #* Sonus Networks, Inc. 563,189 3,846,581 * StarTek, Inc. 207,137 2,547,785 * Stratasys, Ltd. 322,539 7,737,711 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Information Technology -- (Continued) #* Super Micro Computer, Inc. 773,777 $ 20,775,912 * Sykes Enterprises, Inc. 980,333 33,331,322 #* Synchronoss Technologies, Inc. 654,172 11,042,423 SYNNEX Corp. 627,085 74,572,948 #* Tech Data Corp. 1,054,751 108,006,502 Tessco Technologies, Inc. 104,619 1,396,664 TiVo Corp. 2,303,809 45,154,656 #* Trio-Tech International 43,033 201,825 TSR, Inc. 1,145 4,866 #* TTM Technologies, Inc. 2,999,279 52,127,469 * Ultra Clean Holdings, Inc. 901,586 21,142,192 #* Universal Security Instruments, Inc. 23,516 56,436 #* Veeco Instruments, Inc. 268,017 8,254,924 #* Virtusa Corp. 327,051 10,841,741 # Vishay Intertechnology, Inc. 4,923,147 87,878,174 * Vishay Precision Group, Inc. 375,616 6,573,280 #* Wireless Telecom Group, Inc. 137,594 203,639 * Xcerra Corp. 677,303 6,576,612 YuMe, Inc. 90,637 393,365 #* Zynga, Inc. Class A 16,279,450 58,768,815 -------------- Total Information Technology 2,024,004,876 -------------- Materials -- (4.5%) # A Schulman, Inc. 214,900 5,651,870 * American Biltrite, Inc. 110 36,515 # American Vanguard Corp. 802,467 14,203,666 # Ampco-Pittsburgh Corp. 109,316 1,579,616 #* Boise Cascade Co. 920,414 27,934,565 # Calgon Carbon Corp. 525,636 8,410,176 # Carpenter Technology Corp. 1,553,506 62,808,248 #* Century Aluminum Co. 2,451,091 41,129,307 #* Clearwater Paper Corp. 303,077 14,896,234 #* Coeur Mining, Inc. 1,984,020 16,427,686 # Commercial Metals Co. 4,169,164 77,546,450 #* Core Molding Technologies, Inc. 198,382 3,783,145 Domtar Corp. 2,221,439 86,769,407 # Ferroglobe P.L.C. 989,508 12,645,912 Friedman Industries, Inc. 182,776 990,646 # FutureFuel Corp. 454,062 6,611,143 # Gold Resource Corp. 58,579 248,375 # Greif, Inc. Class A 663,984 37,242,863 # Haynes International, Inc. 322,851 10,098,779 # Hecla Mining Co. 13,201,854 71,422,030 # Kaiser Aluminum Corp. 134,174 13,053,788 KapStone Paper and Packaging Corp. 434,583 9,934,567 #* Kraton Corp. 793,648 29,523,706 # Kronos Worldwide, Inc. 168,618 3,594,936 #* LSB Industries, Inc. 519,009 3,674,584 # Materion Corp. 509,520 19,591,044 Mercer International, Inc. 1,151,724 12,668,964 Minerals Technologies, Inc. 56,740 4,017,192 * Northern Technologies International Corp. 2,032 37,084 # Olympic Steel, Inc. 306,873 5,244,460 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) # PH Glatfelter Co. 1,157,971 $ 23,703,666 #* Platform Specialty Products Corp. 1,256,454 17,602,920 #* Real Industry, Inc. 120,508 355,499 #* Resolute Forest Products, Inc. 1,178,001 5,477,705 # Schnitzer Steel Industries, Inc. Class A 401,200 10,350,960 Stepan Co. 10,463 859,745 * SunCoke Energy, Inc. 1,655,659 14,818,148 #* Synalloy Corp. 47,971 542,072 #* TimkenSteel Corp. 246,333 3,914,231 #* Trecora Resources 15,700 181,335 # Tredegar Corp. 1,120,298 16,916,500 # Tronox, Ltd. Class A 2,103,345 40,762,826 #* UFP Technologies, Inc. 57,601 1,661,789 United States Lime & Minerals, Inc. 1,889 153,425 #* Universal Stainless & Alloy Products, Inc. 168,111 3,194,109 #* Verso Corp. Class A 161,357 771,286 * Webco Industries, Inc. 8,863 709,040 ------------ Total Materials 743,752,214 ------------ Real Estate -- (0.2%) Alexander & Baldwin, Inc. 301,688 12,649,778 #* Altisource Asset Management Corp. 11,688 1,075,296 # Consolidated-Tomoka Land Co. 8,039 445,682 * Forestar Group, Inc. 169,490 2,906,754 #* FRP Holdings, Inc. 2,669 123,174 # Griffin Industrial Realty, Inc. 20,682 665,754 # RE/MAX Holdings, Inc. Class A 65,175 3,789,926 # Stratus Properties, Inc. 127,528 3,653,677 #* Tejon Ranch Co. 59,593 1,250,261 #* Trinity Place Holdings, Inc. 274,102 1,905,009 ------------ Total Real Estate 28,465,311 ------------ Telecommunication Services -- (0.9%) * Alaska Communications Systems Group, Inc. 328,108 738,243 # ATN International, Inc. 298,327 17,302,966 Consolidated Communications Holdings, Inc. 119,216 2,145,888 # Frontier Communications Corp. 37,058 567,358 * General Communication, Inc. Class A 97,150 4,145,391 * Hawaiian Telcom Holdco, Inc. 88,522 2,588,383 # IDT Corp. Class B 9,031 133,749 #* Iridium Communications, Inc. 1,424,615 14,174,919 # Spok Holdings, Inc. 546,358 8,960,271 Telephone & Data Systems, Inc. 2,774,878 78,889,782 #* United States Cellular Corp. 318,593 12,068,303 # Windstream Holdings, Inc. 292,605 1,108,973 ------------ Total Telecommunication Services 142,824,226 ------------ Utilities -- (0.0%) # Consolidated Water Co., Ltd. 155,313 2,003,538 # Ormat Technologies, Inc. 44,096 2,614,893 #* TerraForm Power, Inc. Class A 200,821 2,691,001 U.S. SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE+ ----------- --------------- Utilities -- (Continued) #* US Geothermal, Inc. 12,607 $ 55,597 --------------- Total Utilities 7,365,029 --------------- TOTAL COMMON STOCKS 14,162,447,612 --------------- TOTAL INVESTMENT SECURITIES 14,162,447,612 --------------- TEMPORARY CASH INVESTMENTS -- (0.9%) State Street Institutional U.S. Government Money Market Fund, 0.940% 141,163,237 141,163,237 --------------- SECURITIES LENDING COLLATERAL -- (12.6%) (S)@ DFA Short Term Investment Fund 179,402,412 2,076,044,708 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $13,167,166,963)^^ $16,379,655,557 =============== U.S. SMALL CAP VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- -------------- ------- --------------- Common Stocks Consumer Discretionary $ 2,245,724,358 $ 1,139,716 -- $ 2,246,864,074 Consumer Staples 648,889,600 -- -- 648,889,600 Energy 1,335,174,532 -- -- 1,335,174,532 Financials 3,757,020,014 -- -- 3,757,020,014 Health Care 741,653,292 -- -- 741,653,292 Industrials 2,486,434,444 -- -- 2,486,434,444 Information Technology 2,024,004,876 -- -- 2,024,004,876 Materials 743,752,214 -- -- 743,752,214 Real Estate 28,465,311 -- -- 28,465,311 Telecommunication Services 142,824,226 -- -- 142,824,226 Utilities 7,365,029 -- -- 7,365,029 Temporary Cash Investments 141,163,237 -- -- 141,163,237 Securities Lending Collateral -- 2,076,044,708 -- 2,076,044,708 Futures Contracts** 1,659,768 -- -- 1,659,768 --------------- -------------- -- --------------- TOTAL $14,304,130,901 $2,077,184,424 -- $16,381,315,325 =============== ============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. U.S. CORE EQUITY 1 PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ------------ COMMON STOCKS -- (90.3%) Consumer Discretionary -- (14.1%) #* 1-800-Flowers.com, Inc. Class A 69,697 $ 672,576 A.H. Belo Corp. Class A 15,518 82,245 Aaron's, Inc. 127,302 5,891,537 # Abercrombie & Fitch Co. Class A 78,331 770,777 # Adient P.L.C. 76,604 5,015,264 # Adtalem Global Education, Inc. 128,980 4,191,850 # Advance Auto Parts, Inc. 68,881 7,715,361 * Amazon.com, Inc. 287,083 283,574,846 # AMC Entertainment Holdings, Inc. Class A 60,684 1,237,954 #* AMC Networks, Inc. Class A 88,817 5,679,847 AMCON Distributing Co. 247 23,947 #* America's Car-Mart, Inc. 14,655 574,476 #* American Axle & Manufacturing Holdings, Inc. 188,647 2,780,657 # American Eagle Outfitters, Inc. 440,461 5,215,058 #* American Outdoor Brands Corp. 109,691 2,267,313 * American Public Education, Inc. 34,736 739,877 Aramark 296,236 11,807,967 Ark Restaurants Corp. 2,510 57,077 #* Asbury Automotive Group, Inc. 61,535 3,322,890 #* Ascena Retail Group, Inc. 268,682 628,716 * Ascent Capital Group, Inc. Class A 16,346 276,247 # Autoliv, Inc. 111,526 12,088,303 #* AutoNation, Inc. 183,214 7,764,609 #* AutoZone, Inc. 13,837 7,469,489 #* AV Homes, Inc. 12,507 200,737 * Ballantyne Strong, Inc. 10,077 68,524 #* Barnes & Noble Education, Inc. 80,650 583,099 Barnes & Noble, Inc. 145,148 1,182,956 Bassett Furniture Industries, Inc. 10,416 387,475 BBX Capital Corp. 1,495 9,209 # Beasley Broadcast Group, Inc. Class A 3,374 35,427 #* Beazer Homes USA, Inc. 46,462 616,086 #* bebe stores, Inc. 798 4,676 # Bed Bath & Beyond, Inc. 285,903 8,548,500 * Belmond, Ltd. Class A 212,013 2,766,770 # Best Buy Co., Inc. 648,225 37,817,446 # Big 5 Sporting Goods Corp. 38,061 409,156 # Big Lots, Inc. 124,716 6,194,644 * Biglari Holdings, Inc. 9 3,369 * BJ's Restaurants, Inc. 51,628 1,822,468 * Black Diamond, Inc. 1,703 11,070 # Bloomin' Brands, Inc. 259,162 4,517,194 # Bob Evans Farms, Inc. 39,564 2,737,038 * Bojangles', Inc. 8,164 108,581 # BorgWarner, Inc. 284,842 13,313,515 Bowl America, Inc. Class A 1,576 23,043 # Boyd Gaming Corp. 37,566 941,404 #* Bravo Brio Restaurant Group, Inc. 27,568 95,110 * Bridgepoint Education, Inc. 80,909 785,626 * Bright Horizons Family Solutions, Inc. 112,419 8,882,225 # Brinker International, Inc. 98,293 3,486,453 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Discretionary -- (Continued) Brunswick Corp. 162,972 $ 9,225,845 # Buckle, Inc. (The) 23,083 394,719 * Buffalo Wild Wings, Inc. 40,857 4,392,127 #* Build-A-Bear Workshop, Inc. 37,992 364,723 * Burlington Stores, Inc. 64,846 5,643,547 #* Cabela's, Inc. 138,627 7,898,966 # Cable One, Inc. 10,919 8,297,348 # CalAtlantic Group, Inc. 243,305 8,540,005 Caleres, Inc. 84,307 2,299,895 Callaway Golf Co. 146,183 1,860,910 * Cambium Learning Group, Inc. 63,961 314,688 Canterbury Park Holding Corp. 2,402 27,863 Capella Education Co. 25,866 1,776,994 * Career Education Corp. 149,016 1,253,225 #* CarMax, Inc. 205,886 13,639,947 Carnival Corp. 196,669 13,133,556 # Carriage Services, Inc. 41,320 1,007,795 #* Carrols Restaurant Group, Inc. 80,747 985,113 # Carter's, Inc. 115,409 10,009,423 # Cato Corp. (The) Class A 45,681 777,034 * Cavco Industries, Inc. 14,281 1,862,242 CBS Corp. Class B 260,815 17,169,451 CBS Corp. Class A 9,684 640,016 #* Central European Media Enterprises, Ltd. Class A 30,475 132,566 #* Century Communities, Inc. 4,752 123,077 * Charter Communications, Inc. Class A 148,491 58,195,108 # Cheesecake Factory, Inc. (The) 101,554 4,831,939 * Cherokee, Inc. 7,301 38,330 # Chico's FAS, Inc. 278,064 2,544,286 # Children's Place, Inc. (The) 46,632 4,926,671 #* Chipotle Mexican Grill, Inc. 16,056 5,519,571 Choice Hotels International, Inc. 89,072 5,758,505 #* Christopher & Banks Corp. 36,826 51,925 # Churchill Downs, Inc. 5,206 973,782 #* Chuy's Holdings, Inc. 28,968 682,196 # Cinemark Holdings, Inc. 255,575 9,941,867 Citi Trends, Inc. 33,816 749,024 Clear Channel Outdoor Holdings, Inc. Class A 51,644 261,835 ClubCorp Holdings, Inc. 133,820 2,268,249 # Coach, Inc. 306,632 14,454,632 Collectors Universe, Inc. 11,724 291,693 # Columbia Sportswear Co. 110,741 6,708,690 Comcast Corp. Class A 4,062,752 164,338,318 #* Conn's, Inc. 29,186 624,580 # Cooper Tire & Rubber Co. 122,885 4,491,447 #* Cooper-Standard Holdings, Inc. 40,489 4,140,405 # Core-Mark Holding Co., Inc. 75,914 2,783,766 # Cracker Barrel Old Country Store, Inc. 57,805 8,985,787 * Crocs, Inc. 125,507 996,526 CSS Industries, Inc. 6,218 166,456 Culp, Inc. 27,347 820,410 Dana, Inc. 380,209 9,018,557 Darden Restaurants, Inc. 130,879 10,978,131 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Dave & Buster's Entertainment, Inc. 98,933 $ 6,144,729 #* Deckers Outdoor Corp. 63,998 4,150,910 * Del Frisco's Restaurant Group, Inc. 24,225 343,995 #* Del Taco Restaurants, Inc. 24,046 314,762 Delphi Automotive P.L.C. 183,223 16,567,024 #* Delta Apparel, Inc. 6,441 135,454 #* Denny's Corp. 137,016 1,556,502 * Destination Maternity Corp. 10,940 16,738 #* Destination XL Group, Inc. 56,418 112,836 # Dick's Sporting Goods, Inc. 194,598 7,266,289 # Dillard's, Inc. Class A 74,845 5,525,058 # DineEquity, Inc. 39,524 1,626,017 #* Discovery Communications, Inc. Class A 280,386 6,897,496 #* Discovery Communications, Inc. Class B 1,400 37,905 * Discovery Communications, Inc. Class C 376,739 8,713,973 #* DISH Network Corp. Class A 151,631 9,708,933 * Dixie Group, Inc. (The) 4,689 19,928 # Dollar General Corp. 260,085 19,547,989 * Dollar Tree, Inc. 366,723 26,433,394 # Domino's Pizza, Inc. 49,930 9,311,945 #* Dorman Products, Inc. 59,731 4,663,796 Dover Motorsports, Inc. 3,182 6,523 DR Horton, Inc. 376,843 13,449,527 # DSW, Inc. Class A 153,086 2,761,671 #* Duluth Holdings, Inc. Class B 5,670 109,885 # Dunkin' Brands Group, Inc. 146,856 7,787,774 # Educational Development Corp. 1,932 19,706 * El Pollo Loco Holdings, Inc. 1,300 16,900 #* Eldorado Resorts, Inc. 38,221 779,708 * Emerson Radio Corp. 14,810 18,809 # Entercom Communications Corp. Class A 24,588 242,192 Entravision Communications Corp. Class A 134,322 873,093 # Escalade, Inc. 9,623 118,844 # Ethan Allen Interiors, Inc. 46,808 1,500,196 #* Etsy, Inc. 45,741 657,298 * EVINE Live, Inc. 36,640 43,602 #* EW Scripps Co. (The) Class A 124,552 2,447,447 # Expedia, Inc. 102,962 16,110,464 * Express, Inc. 165,815 1,004,839 Extended Stay America, Inc. 187,275 3,702,427 #* Famous Dave's of America, Inc. 4,605 16,118 #* Fiesta Restaurant Group, Inc. 34,603 581,330 # Finish Line, Inc. (The) Class A 85,507 1,176,576 #* Five Below, Inc. 82,125 3,967,459 Flanigan's Enterprises, Inc. 300 8,040 Flexsteel Industries, Inc. 7,284 407,758 # Foot Locker, Inc. 151,452 7,147,020 # Ford Motor Co. 3,165,431 35,516,136 #* Fossil Group, Inc. 87,105 979,931 #* Fox Factory Holding Corp. 71,197 2,737,525 * Francesca's Holdings Corp. 109,220 1,062,711 # Fred's, Inc. Class A 70,219 475,383 #* FTD Cos., Inc. 32,986 648,175 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Discretionary -- (Continued) * Full House Resorts, Inc. 1,684 $ 4,294 #* G-III Apparel Group, Ltd. 97,267 2,531,860 # GameStop Corp. Class A 214,131 4,644,501 # Gannett Co., Inc. 238,768 2,141,749 # Gap, Inc. (The) 678,461 16,167,726 # Garmin, Ltd. 174,030 8,734,566 General Motors Co. 1,146,850 41,263,663 * Genesco, Inc. 32,731 1,050,665 # Gentex Corp. 548,219 9,330,687 #* Gentherm, Inc. 75,108 2,512,363 # Genuine Parts Co. 166,390 14,131,503 Goodyear Tire & Rubber Co. (The) 438,261 13,809,604 #* GoPro, Inc. Class A 153,221 1,262,541 Graham Holdings Co. Class B 6,375 3,776,550 #* Grand Canyon Education, Inc. 98,981 7,282,032 * Gray Television, Inc. 124,563 1,855,989 * Gray Television, Inc. Class A 600 7,695 * Green Brick Partners, Inc. 767 8,629 # Group 1 Automotive, Inc. 39,074 2,326,857 # Guess?, Inc. 147,156 1,921,857 # H&R Block, Inc. 321,156 9,795,258 #* Habit Restaurants, Inc. (The) Class A 599 9,854 # Hanesbrands, Inc. 315,772 7,237,494 # Harley-Davidson, Inc. 231,402 11,262,335 * Harte-Hanks, Inc. 96,471 93,095 Hasbro, Inc. 90,479 9,579,917 Haverty Furniture Cos., Inc. 36,868 820,313 Haverty Furniture Cos., Inc. Class A 1,608 35,979 * Helen of Troy, Ltd. 52,765 5,316,074 * Hibbett Sports, Inc. 31,456 490,714 * Hilton Grand Vacations, Inc. 80,941 2,975,391 Hilton Worldwide Holdings, Inc. 211,231 13,208,274 Home Depot, Inc. (The) 854,956 127,901,418 Hooker Furniture Corp. 21,548 909,326 #* Horizon Global Corp. 29,401 409,850 #* Houghton Mifflin Harcourt Co. 189,094 2,259,673 #* Hovnanian Enterprises, Inc. Class A 8,847 19,463 # HSN, Inc. 75,351 2,987,667 #* Hyatt Hotels Corp. Class A 43,272 2,404,625 #* Iconix Brand Group, Inc. 60,513 403,622 # ILG, Inc. 198,189 5,253,990 #* IMAX Corp. 24,486 524,000 #* Installed Building Products, Inc. 49,082 2,640,612 # International Game Technology P.L.C. 57,160 1,088,326 # Interpublic Group of Cos., Inc. (The) 458,604 9,910,432 * Intrawest Resorts Holdings, Inc. 2,217 52,654 #* iRobot Corp. 37,940 4,003,049 * J Alexander's Holdings, Inc. 11,747 123,931 # Jack in the Box, Inc. 57,377 5,322,291 #* JAKKS Pacific, Inc. 12,915 42,620 #* Jamba, Inc. 17,844 155,421 #* JC Penney Co., Inc. 553,231 2,992,980 # John Wiley & Sons, Inc. Class A 91,631 5,062,613 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) John Wiley & Sons, Inc. Class B 4,638 $ 256,667 Johnson Outdoors, Inc. Class A 13,524 683,232 * K12, Inc. 78,925 1,397,762 # KB Home 62,897 1,441,599 #* Kirkland's, Inc. 30,870 288,634 # Kohl's Corp. 322,327 13,328,221 #* Kona Grill, Inc. 4,321 11,451 * Koss Corp. 1,533 2,744 # L Brands, Inc. 108,943 5,053,866 * La Quinta Holdings, Inc. 222,123 3,311,854 La-Z-Boy, Inc. 98,487 3,328,861 * Lakeland Industries, Inc. 13,493 203,070 * Lands' End, Inc. 22,424 302,724 Las Vegas Sands Corp. 292,372 18,013,039 (degrees)* Lazare Kaplan International, Inc. 1,600 225 # LCI Industries 51,147 5,459,942 Lear Corp. 136,941 20,293,287 #* Lee Enterprises, Inc. 20,446 37,825 # Leggett & Platt, Inc. 146,282 7,047,867 Lennar Corp. Class A 195,088 10,230,415 Lennar Corp. Class B 17,482 777,425 Libbey, Inc. 57,764 519,876 * Liberty Broadband Corp. Class A 29,893 2,957,016 #* Liberty Broadband Corp. Class C 95,289 9,450,763 * Liberty Expedia Holdings, Inc. Class A 51,899 2,960,838 #* Liberty Interactive Corp., QVC Group Class A 482,270 11,545,544 #* Liberty Interactive Corp., QVC Group Class B 1,148 28,476 #* Liberty Media Corp.-Liberty Braves Class A 5,907 149,093 * Liberty Media Corp.-Liberty Braves Class B 239 6,606 #* Liberty Media Corp.-Liberty Braves Class C 12,726 321,077 #* Liberty Media Corp.-Liberty Formula One Class A 14,769 498,454 * Liberty Media Corp.-Liberty Formula One Class C 31,815 1,118,934 * Liberty Media Corp.-Liberty SiriusXM Class A 59,077 2,725,222 * Liberty Media Corp.-Liberty SiriusXM Class B 2,392 112,269 * Liberty Media Corp.-Liberty SiriusXM Class C 127,261 5,854,006 #* Liberty TripAdvisor Holdings, Inc. Class A 113,794 1,337,079 * Liberty TripAdvisor Holdings, Inc. Class B 694 9,091 #* Liberty Ventures Series A 110,454 6,691,303 Lifetime Brands, Inc. 11,349 215,064 # Lions Gate Entertainment Corp. Class A 93,051 2,735,699 #* Lions Gate Entertainment Corp. Class B 129,143 3,552,724 # Lithia Motors, Inc. Class A 54,061 5,581,798 #* Live Nation Entertainment, Inc. 297,587 11,091,067 * LKQ Corp. 386,693 13,364,110 Lowe's Cos., Inc. 576,314 44,606,704 #* Luby's, Inc. 41,043 117,793 #* Lululemon Athletica, Inc. 91,329 5,629,520 #* Lumber Liquidators Holdings, Inc. 22,193 548,389 * M/I Homes, Inc. 45,749 1,186,729 # Macy's, Inc. 638,353 15,160,884 * Madison Square Garden Co. (The) Class A 34,901 7,668,448 * Malibu Boats, Inc. Class A 27,442 785,116 Marcus Corp. (The) 18,604 506,029 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # Marine Products Corp. 11,488 $ 166,806 #* MarineMax, Inc. 52,055 778,222 Marriott International, Inc. Class A 209,876 21,866,980 # Marriott Vacations Worldwide Corp. 58,716 6,860,965 # Mattel, Inc. 215,877 4,321,858 #* McClatchy Co. (The) Class A 6,581 52,648 McDonald's Corp. 529,832 82,198,136 # MDC Holdings, Inc. 108,138 3,708,052 (degrees)(degrees) Media General, Inc. 34,446 69,581 # Meredith Corp. 84,267 5,009,673 #* Meritage Homes Corp. 85,142 3,469,536 # MGM Resorts International 434,678 14,313,947 #* Michael Kors Holdings, Ltd. 193,823 7,062,910 #* Michaels Cos., Inc. (The) 171,637 3,456,769 * Modine Manufacturing Co. 89,147 1,448,639 * Mohawk Industries, Inc. 104,857 26,108,344 * Monarch Casino & Resort, Inc. 6,425 212,603 # Monro Muffler Brake, Inc. 48,803 2,274,220 #* Motorcar Parts of America, Inc. 40,000 1,118,800 Movado Group, Inc. 25,811 634,951 * MSG Networks, Inc. Class A 123,281 2,638,213 #* Murphy USA, Inc. 90,948 6,887,492 # NACCO Industries, Inc. Class A 7,497 491,803 #* Nathan's Famous, Inc. 6,973 435,812 # National CineMedia, Inc. 106,437 761,025 #* Nautilus, Inc. 63,178 1,111,933 * Netflix, Inc. 132,622 24,092,113 * Nevada Gold & Casinos, Inc. 700 1,666 * New Home Co., Inc. (The) 5,300 57,293 # New Media Investment Group, Inc. 2,726 38,000 #* New York & Co., Inc. 53,002 82,683 New York Times Co. (The) Class A 257,626 4,894,894 Newell Brands, Inc. 131,705 6,943,488 News Corp. Class A 283,882 4,062,351 # News Corp. Class B 134,637 1,979,164 # Nexstar Media Group, Inc. Class A 104,793 6,853,462 NIKE, Inc. Class B 786,388 46,436,211 Nobility Homes, Inc. 1,105 19,780 # Nordstrom, Inc. 187,274 9,095,898 #* Norwegian Cruise Line Holdings, Ltd. 310,185 17,081,888 # Nutrisystem, Inc. 47,455 2,645,616 * NVR, Inc. 4,716 12,310,835 #* O'Reilly Automotive, Inc. 65,153 13,310,758 Office Depot, Inc. 810,261 4,756,232 #* Ollie's Bargain Outlet Holdings, Inc. 76,271 3,409,314 # Omnicom Group, Inc. 214,687 16,904,454 #* Overstock.com, Inc. 60,926 974,816 Oxford Industries, Inc. 35,640 2,249,953 P&F Industries, Inc. Class A 504 3,039 # Papa John's International, Inc. 60,974 4,349,275 #* Party City Holdco, Inc. 19,247 268,496 #* Penn National Gaming, Inc. 113,225 2,282,616 # Penske Automotive Group, Inc. 178,978 7,792,702 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Perfumania Holdings, Inc. 2,203 $ 3,437 * Perry Ellis International, Inc. 13,637 267,831 PetMed Express, Inc. 25,613 1,217,642 * PICO Holdings, Inc. 43,884 713,115 # Pier 1 Imports, Inc. 171,660 791,353 #* Pinnacle Entertainment, Inc. 63,869 1,213,511 # Planet Fitness, Inc. Class A 131,079 2,970,250 # Polaris Industries, Inc. 142,717 12,796,006 # Pool Corp. 62,397 6,746,364 #* Potbelly Corp. 4,369 50,243 * Priceline Group, Inc. (The) 24,633 49,968,040 PulteGroup, Inc. 353,730 8,638,087 PVH Corp. 89,108 10,629,693 * QEP Co., Inc. 352 9,126 # Ralph Lauren Corp. 60,420 4,570,773 RCI Hospitality Holdings, Inc. 7,842 177,935 * Reading International, Inc. Class A 10,059 160,542 * Red Lion Hotels Corp. 13,744 98,270 #* Red Robin Gourmet Burgers, Inc. 27,494 1,644,141 # Red Rock Resorts, Inc. Class A 27,432 655,625 # Regal Entertainment Group Class A 237,442 4,516,147 #* Regis Corp. 52,558 553,436 # Rent-A-Center, Inc. 88,792 1,173,830 #* RH 58,951 3,839,479 Rocky Brands, Inc. 7,436 103,732 Ross Stores, Inc. 268,071 14,829,688 Royal Caribbean Cruises, Ltd. 203,609 23,022,070 * Ruby Tuesday, Inc. 103,784 209,644 Ruth's Hospitality Group, Inc. 75,157 1,503,140 Saga Communications, Inc. Class A 1,544 59,984 Salem Media Group, Inc. 12,181 87,094 #* Sally Beauty Holdings, Inc. 203,271 4,112,172 Scholastic Corp. 48,999 2,030,029 #* Scientific Games Corp. Class A 132,363 4,904,049 # Scripps Networks Interactive, Inc. Class A 118,608 10,367,525 # SeaWorld Entertainment, Inc. 180,426 2,774,952 #* Select Comfort Corp. 98,868 3,342,727 #* Sequential Brands Group, Inc. 2,521 8,092 # Service Corp. International 332,531 11,548,802 #* ServiceMaster Global Holdings, Inc. 264,056 11,607,902 #* Shake Shack, Inc. Class A 7,132 235,427 * Shiloh Industries, Inc. 18,572 137,804 # Shoe Carnival, Inc. 23,587 430,699 * Shutterfly, Inc. 60,288 2,956,524 # Signet Jewelers, Ltd. 144,033 8,809,058 # Sinclair Broadcast Group, Inc. Class A 180,755 6,516,218 # Sirius XM Holdings, Inc. 1,507,494 8,833,915 # Six Flags Entertainment Corp. 147,192 8,370,809 * Skechers U.S.A., Inc. Class A 268,327 7,537,305 * Skyline Corp. 4,311 32,203 # Sonic Automotive, Inc. Class A 76,409 1,386,823 # Sonic Corp. 70,548 1,669,166 #* Sotheby's 99,510 5,631,271 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) Speedway Motorsports, Inc. 36,358 $ 772,971 #* Sportsman's Warehouse Holdings, Inc. 23,006 104,217 # Stage Stores, Inc. 63,240 125,848 Standard Motor Products, Inc. 45,293 2,281,861 Stanley Furniture Co., Inc. 8,749 11,024 Staples, Inc. 453,819 4,606,263 Starbucks Corp. 1,007,502 54,384,958 # Stein Mart, Inc. 100,423 139,588 * Steven Madden, Ltd. 122,039 5,003,599 * Stoneridge, Inc. 65,714 1,002,796 Strattec Security Corp. 3,761 133,515 # Strayer Education, Inc. 25,244 1,984,683 # Sturm Ruger & Co., Inc. 34,520 1,988,352 Superior Industries International, Inc. 24,359 476,218 # Superior Uniform Group, Inc. 13,906 310,521 * Sypris Solutions, Inc. 12,624 21,019 # Tailored Brands, Inc. 16,160 202,646 * Tandy Leather Factory, Inc. 14,264 126,236 # Target Corp. 360,473 20,428,005 * Taylor Morrison Home Corp. Class A 63,240 1,430,489 # TEGNA, Inc. 469,266 6,959,215 #* Tempur Sealy International, Inc. 114,095 6,579,859 # Tenneco, Inc. 130,536 7,218,641 * Tesla, Inc. 28,532 9,229,246 Texas Roadhouse, Inc. 132,920 6,287,116 Thor Industries, Inc. 132,613 13,970,780 # Tiffany & Co. 148,446 14,178,077 # Tile Shop Holdings, Inc. 60,602 884,789 Tilly's, Inc. Class A 9,547 95,279 Time Warner, Inc. 482,981 49,466,914 Time, Inc. 122,571 1,722,123 TJX Cos., Inc. (The) 448,771 31,553,089 # Toll Brothers, Inc. 264,262 10,197,871 * TopBuild Corp. 57,766 3,048,889 Tower International, Inc. 42,740 1,055,678 * Town Sports International Holdings, Inc. 17,552 96,536 # Tractor Supply Co. 111,922 6,281,063 * Trans World Entertainment Corp. 200 350 #* TRI Pointe Group, Inc. 250,934 3,337,422 Tribune Media Co. Class A 3,527 148,663 #* TripAdvisor, Inc. 73,293 2,859,893 * tronc, Inc. 800 10,216 #* Tuesday Morning Corp. 36,500 67,525 # Tupperware Brands Corp. 71,196 4,322,309 Twenty-First Century Fox, Inc. Class A 624,367 18,169,080 Twenty-First Century Fox, Inc. Class B 306,574 8,795,608 * Ulta Salon Cosmetics & Fragrance, Inc. 56,616 14,222,505 #* Under Armour, Inc. Class A 100,646 2,014,933 #* Under Armour, Inc. Class C 101,636 1,840,628 * Unifi, Inc. 21,475 703,521 #* Universal Electronics, Inc. 21,364 1,462,366 * Universal Technical Institute, Inc. 16,908 60,192 #* Urban One, Inc. 16,485 31,322 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Consumer Discretionary -- (Continued) #* Urban Outfitters, Inc. 267,944 $ 5,249,023 * US Auto Parts Network, Inc. 19,452 50,770 # Vail Resorts, Inc. 49,113 10,351,056 * Vera Bradley, Inc. 15,343 154,657 # VF Corp. 147,303 9,160,774 # Viacom, Inc. Class A 15,171 614,425 Viacom, Inc. Class B 622,855 21,750,097 #* Vista Outdoor, Inc. 95,203 2,198,237 * Visteon Corp. 77,200 8,610,888 * Vitamin Shoppe, Inc. 50,468 555,148 * VOXX International Corp. 40,550 271,685 Walt Disney Co. (The) 966,747 106,274,498 * Wayfair, Inc. Class A 22,030 1,681,990 #* Weight Watchers International, Inc. 38,632 1,383,798 # Wendy's Co. (The) 736,689 11,374,478 West Marine, Inc. 27,027 348,378 # Weyco Group, Inc. 6,018 167,782 # Whirlpool Corp. 129,777 23,084,733 #* William Lyon Homes Class A 43,343 979,985 # Williams-Sonoma, Inc. 225,120 10,452,322 #* Wingstop, Inc. 45,134 1,354,471 Winmark Corp. 5,255 699,178 # Winnebago Industries, Inc. 64,407 2,370,178 Wolverine World Wide, Inc. 179,001 5,047,828 # World Wrestling Entertainment, Inc. Class A 18,501 391,481 Wyndham Worldwide Corp. 125,417 13,089,772 # Wynn Resorts, Ltd. 89,789 11,613,309 Yum! Brands, Inc. 231,951 17,507,661 #* ZAGG, Inc. 63,757 538,747 #* Zumiez, Inc. 40,573 515,277 -------------- Total Consumer Discretionary 2,995,819,956 -------------- Consumer Staples -- (6.9%) # Alico, Inc. 8,044 242,929 #* Alliance One International, Inc. 8,251 125,415 Altria Group, Inc. 1,353,494 87,936,505 Andersons, Inc. (The) 56,033 1,930,337 Archer-Daniels-Midland Co. 298,586 12,594,357 #* Avon Products, Inc. 696,664 2,535,857 # B&G Foods, Inc. 121,486 4,403,868 #* Blue Buffalo Pet Products, Inc. 248,153 5,551,183 #* Boston Beer Co., Inc. (The) Class A 18,943 2,970,262 * Bridgford Foods Corp. 2,501 27,911 # British American Tobacco P.L.C. Sponsored ADR 134,196 8,389,959 # Brown-Forman Corp. Class A 42,577 2,194,419 # Brown-Forman Corp. Class B 215,207 10,631,226 Bunge, Ltd. 170,891 13,396,146 #* Cal-Maine Foods, Inc. 97,242 3,709,782 # Calavo Growers, Inc. 29,788 2,205,801 # Campbell Soup Co. 288,418 15,237,123 # Casey's General Stores, Inc. 77,716 8,296,183 * CCA Industries, Inc. 3,400 12,070 #* Central Garden & Pet Co. 22,273 712,736 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) * Central Garden & Pet Co. Class A 77,785 $ 2,392,667 #* Chefs' Warehouse, Inc. (The) 46,636 676,222 Church & Dwight Co., Inc. 186,659 9,958,258 Clorox Co. (The) 123,182 16,443,565 # Coca-Cola Bottling Co. Consolidated 17,721 4,254,635 Coca-Cola Co. (The) 2,498,932 114,551,043 * Coffee Holding Co., Inc. 300 1,248 Colgate-Palmolive Co. 470,121 33,942,736 Conagra Brands, Inc. 283,233 9,697,898 Constellation Brands, Inc. Class A 84,709 16,378,485 Constellation Brands, Inc. Class B 3,160 619,613 Costco Wholesale Corp. 310,004 49,138,734 # Coty, Inc. Class A 471,712 9,660,662 #* Craft Brew Alliance, Inc. 31,258 547,015 #* Crimson Wine Group, Ltd. 15,327 163,999 CVS Health Corp. 707,939 56,585,564 * Cyanotech Corp. 800 2,680 #* Darling Ingredients, Inc. 297,438 4,839,316 # Dean Foods Co. 225,617 3,384,255 # Dr Pepper Snapple Group, Inc. 173,793 15,842,970 #* Edgewell Personal Care Co. 100,874 7,283,103 Energizer Holdings, Inc. 90,552 4,171,731 # Estee Lauder Cos., Inc. (The) Class A 126,846 12,556,486 #* Farmer Brothers Co. 30,103 937,708 # Flowers Foods, Inc. 393,100 6,914,629 # Fresh Del Monte Produce, Inc. 84,630 4,355,906 # General Mills, Inc. 364,131 20,267,531 #* Hain Celestial Group, Inc. (The) 139,593 6,241,203 #* Herbalife, Ltd. 126,240 8,396,222 Hershey Co. (The) 86,560 9,115,634 # Hormel Foods Corp. 405,248 13,847,324 * Hostess Brands, Inc. 96,932 1,481,121 * HRG Group, Inc. 407,814 6,757,478 Ingles Markets, Inc. Class A 26,536 782,812 Ingredion, Inc. 118,812 14,651,896 Inter Parfums, Inc. 57,881 2,245,783 #* Inventure Foods, Inc. 4,338 16,918 # J&J Snack Foods Corp. 27,447 3,606,536 JM Smucker Co. (The) 138,042 16,827,320 # John B. Sanfilippo & Son, Inc. 16,205 1,042,306 # Kellogg Co. 154,484 10,504,912 Kimberly-Clark Corp. 225,959 27,829,110 Kraft Heinz Co. (The) 323,151 28,262,786 Kroger Co. (The) 601,352 14,745,151 Lamb Weston Holdings, Inc. 102,811 4,521,628 Lancaster Colony Corp. 53,444 6,553,303 #* Landec Corp. 54,500 670,350 #* Lifeway Foods, Inc. 3,699 33,920 Limoneira Co. 244 5,553 Mannatech, Inc. 1,435 23,319 # McCormick & Co., Inc. Non-Voting 88,831 8,465,594 # McCormick & Co., Inc. Voting 4,298 409,513 Medifast, Inc. 28,398 1,212,311 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) # MGP Ingredients, Inc. 41,925 $ 2,471,898 Molson Coors Brewing Co. Class A 1,162 107,537 Molson Coors Brewing Co. Class B 227,693 20,260,123 Mondelez International, Inc. Class A 769,711 33,882,678 * Monster Beverage Corp. 212,304 11,199,036 # National Beverage Corp. 41,682 4,256,566 * Natural Alternatives International, Inc. 2,740 27,400 #* Natural Grocers by Vitamin Cottage, Inc. 5,731 50,490 # Natural Health Trends Corp. 13,193 324,944 Nature's Sunshine Products, Inc. 200 2,530 # Nu Skin Enterprises, Inc. Class A 103,565 6,561,878 Nutraceutical International Corp. 9,876 412,817 Oil-Dri Corp. of America 4,211 174,167 Omega Protein Corp. 38,217 611,472 # Orchids Paper Products Co. 6,335 71,332 PepsiCo, Inc. 1,007,642 117,501,134 * Performance Food Group Co. 35,027 1,008,778 Philip Morris International, Inc. 750,064 87,539,969 #* Pilgrim's Pride Corp. 214,493 5,210,035 Pinnacle Foods, Inc. 154,189 9,155,743 #* Post Holdings, Inc. 150,358 12,509,786 # PriceSmart, Inc. 47,169 3,973,988 #* Primo Water Corp. 8,367 103,834 Procter & Gamble Co. (The) 1,247,215 113,272,066 #* Revlon, Inc. Class A 53,308 1,042,171 #* Rite Aid Corp. 755,659 1,692,676 # Rocky Mountain Chocolate Factory, Inc. 3,966 47,156 # Sanderson Farms, Inc. 55,366 7,239,105 Seaboard Corp. 550 2,351,250 * Seneca Foods Corp. Class A 7,423 213,040 * Seneca Foods Corp. Class B 1,493 46,134 # Snyder's-Lance, Inc. 164,801 5,733,427 # SpartanNash Co. 53,584 1,486,420 # Spectrum Brands Holdings, Inc. 70,687 8,160,107 #* Sprouts Farmers Market, Inc. 260,272 6,264,747 * SUPERVALU, Inc. 486,235 1,740,721 Sysco Corp. 347,286 18,274,189 # Tootsie Roll Industries, Inc. 32,658 1,214,878 #* TreeHouse Foods, Inc. 92,298 7,829,639 Tyson Foods, Inc. Class A 231,697 14,680,322 #* United Natural Foods, Inc. 80,821 3,114,033 United-Guardian, Inc. 1,741 27,421 # Universal Corp. 44,555 2,849,292 #* USANA Health Sciences, Inc. 45,232 2,582,747 # Vector Group, Ltd. 209,922 4,225,730 # Village Super Market, Inc. Class A 5,304 131,168 Wal-Mart Stores, Inc. 1,328,478 106,264,955 Walgreens Boots Alliance, Inc. 512,874 41,373,546 # WD-40 Co. 22,024 2,348,860 # Weis Markets, Inc. 25,921 1,226,323 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Consumer Staples -- (Continued) Whole Foods Market, Inc. 511,816 $ 21,373,436 -------------- Total Consumer Staples 1,471,146,425 -------------- Energy -- (4.0%) Adams Resources & Energy, Inc. 3,234 122,860 Anadarko Petroleum Corp. 209,420 9,564,211 Andeavor 298,888 29,748,323 #* Antero Resources Corp. 114,646 2,364,001 # Apache Corp. 141,014 6,977,373 Archrock, Inc. 77,446 848,034 Ardmore Shipping Corp. 9,180 72,981 #* Atwood Oceanics, Inc. 79,592 625,593 Baker Hughes a GE Co. 209,793 7,739,264 * Barnwell Industries, Inc. 4,663 8,720 #* Bill Barrett Corp. 75,386 254,805 # Bristow Group, Inc. 51,637 380,565 # Cabot Oil & Gas Corp. 229,470 5,706,919 #* Callon Petroleum Co. 135,022 1,528,449 #* CARBO Ceramics, Inc. 22,288 157,576 Cheniere Energy Partners L.P. Holdings LLC 27,013 706,930 #* Cheniere Energy, Inc. 151,992 6,870,038 #* Chesapeake Energy Corp. 1,433,867 7,111,980 Chevron Corp. 923,912 100,881,951 Cimarex Energy Co. 57,966 5,740,373 #* Clean Energy Fuels Corp. 54,100 141,742 * Cloud Peak Energy, Inc. 70,350 243,411 #* Cobalt International Energy, Inc. 5,603 14,456 #* Concho Resources, Inc. 137,202 17,871,933 ConocoPhillips 687,888 31,209,479 #* CONSOL Energy, Inc. 325,040 5,447,670 * Contango Oil & Gas Co. 24,087 144,522 #* Continental Resources, Inc. 195,016 6,519,385 # Core Laboratories NV 66,302 6,665,340 # CVR Energy, Inc. 73,404 1,388,070 * Dawson Geophysical Co. 19,709 79,033 Delek US Holdings, Inc. 177,461 4,633,507 #* Denbury Resources, Inc. 446,285 651,576 Devon Energy Corp. 164,751 5,487,856 # DHT Holdings, Inc. 116,200 483,392 #* Diamond Offshore Drilling, Inc. 185,394 2,302,593 #* Diamondback Energy, Inc. 59,216 5,677,630 #* Dril-Quip, Inc. 72,211 3,220,611 #* Eclipse Resources Corp. 5,937 16,683 #* Energen Corp. 153,321 8,168,943 * ENGlobal Corp. 13,200 16,500 # EnLink Midstream LLC 162,002 2,843,135 # Ensco P.L.C. Class A 423,560 2,240,632 EOG Resources, Inc. 214,322 20,390,595 #* EP Energy Corp. Class A 38,800 131,144 # EQT Corp. 93,822 5,976,461 * Era Group, Inc. 29,026 254,268 Evolution Petroleum Corp. 11,844 101,858 * Exterran Corp. 54,949 1,521,538 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) Exxon Mobil Corp. 1,449,438 $116,013,018 #* Forum Energy Technologies, Inc. 199,621 2,644,978 # Frank's International NV 81,252 658,141 # GasLog, Ltd. 51,776 944,912 #* Gastar Exploration, Inc. 51,042 43,896 #* Geospace Technologies Corp. 13,031 200,547 Green Plains, Inc. 62,947 1,243,203 Gulf Island Fabrication, Inc. 15,135 172,539 * Gulfport Energy Corp. 167,322 2,111,604 Halliburton Co. 356,213 15,117,680 * Helix Energy Solutions Group, Inc. 286,033 1,870,656 # Helmerich & Payne, Inc. 108,620 5,498,344 # Hess Corp. 190,808 8,498,588 # HollyFrontier Corp. 237,816 6,858,613 #* Hornbeck Offshore Services, Inc. 38,647 97,390 #* International Seaways, Inc. 1,176 26,825 * ION Geophysical Corp. 10,183 36,150 #* Jones Energy, Inc. Class A 6,143 9,215 Kinder Morgan, Inc. 1,056,323 21,580,679 #* Kosmos Energy, Ltd. 540,954 3,570,296 #* Laredo Petroleum, Inc. 361,738 4,688,124 Marathon Oil Corp. 537,052 6,568,146 Marathon Petroleum Corp. 428,470 23,990,035 #* Matador Resources Co. 154,926 3,758,505 * Matrix Service Co. 42,214 436,915 #* McDermott International, Inc. 265,517 1,797,550 * Mexco Energy Corp. 684 3,570 * Mitcham Industries, Inc. 11,460 45,496 # Murphy Oil Corp. 267,255 7,103,638 # Nabors Industries, Ltd. 435,333 3,356,417 # National Oilwell Varco, Inc. 258,028 8,440,096 * Natural Gas Services Group, Inc. 14,512 362,074 #* Newfield Exploration Co. 143,506 4,122,927 #* Newpark Resources, Inc. 186,554 1,557,726 # Noble Corp. P.L.C. 351,442 1,405,768 # Noble Energy, Inc. 321,186 9,285,487 # Nordic American Offshore, Ltd. 255 306 # Nordic American Tankers, Ltd. 29,510 173,519 #* Northern Oil and Gas, Inc. 74,420 93,025 * Oasis Petroleum, Inc. 376,790 2,931,426 Occidental Petroleum Corp. 223,651 13,850,706 # Oceaneering International, Inc. 162,915 4,178,770 #* Oil States International, Inc. 101,488 2,521,977 ONEOK, Inc. 194,316 10,992,456 * Overseas Shipholding Group, Inc. Class A 3,529 10,869 Panhandle Oil and Gas, Inc. Class A 27,179 597,938 #* Par Pacific Holdings, Inc. 12,264 219,648 #* Parker Drilling Co. 190,497 228,596 * Parsley Energy, Inc. Class A 150,822 4,416,068 Patterson-UTI Energy, Inc. 296,046 5,725,530 # PBF Energy, Inc. Class A 216,413 4,927,724 #* PDC Energy, Inc. 102,784 4,847,293 #* PetroQuest Energy, Inc. 5,616 12,187 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) * PHI, Inc. Non-Voting 10,655 $ 103,354 #* PHI, Inc. Voting 2,247 21,234 Phillips 66 295,417 24,741,174 * Pioneer Energy Services Corp. 124,668 274,270 Pioneer Natural Resources Co. 53,213 8,679,040 * QEP Resources, Inc. 343,909 2,947,300 # Range Resources Corp. 182,205 3,846,348 #* Renewable Energy Group, Inc. 93,299 1,166,237 #* REX American Resources Corp. 8,700 869,826 #* Rice Energy, Inc. 281,344 7,869,192 #* RigNet, Inc. 11,399 216,011 * Ring Energy, Inc. 21,595 282,031 #* Rowan Cos. P.L.C. Class A 177,610 2,072,709 # RPC, Inc. 188,200 3,897,622 * RSP Permian, Inc. 155,632 5,347,516 Schlumberger, Ltd. 550,967 37,796,336 # Scorpio Tankers, Inc. 347,596 1,289,581 * SEACOR Holdings, Inc. 35,798 1,220,354 * SEACOR Marine Holdings, Inc. 35,991 524,749 SemGroup Corp. Class A 98,041 2,652,009 # Ship Finance International, Ltd. 85,877 1,167,927 # SM Energy Co. 146,666 2,550,522 #* SRC Energy, Inc. 354,452 3,016,387 #* Superior Energy Services, Inc. 303,804 3,268,931 Targa Resources Corp. 193,894 8,998,621 * TechnipFMC P.L.C. 302,917 8,645,251 # Teekay Corp. 100,937 989,183 # Teekay Tankers, Ltd. Class A 40,073 72,131 #* Tesco Corp. 77,574 356,840 * TETRA Technologies, Inc. 153,890 432,431 #* Transocean, Ltd. 527,268 4,560,868 #* Ultra Petroleum Corp. 143,845 1,480,165 #* Unit Corp. 99,026 1,780,487 # US Silica Holdings, Inc. 111,591 3,250,646 #* Vaalco Energy, Inc. 93,901 86,107 Valero Energy Corp. 334,899 23,097,984 #* Weatherford International P.L.C. 1,424,716 6,354,233 #* Whiting Petroleum Corp. 530,372 2,784,453 * Willbros Group, Inc. 54,889 111,974 Williams Cos., Inc. (The) 359,836 11,435,588 World Fuel Services Corp. 89,078 2,880,783 #* WPX Energy, Inc. 628,791 6,778,367 ------------ Total Energy 841,019,467 ------------ Financials -- (14.2%) 1st Constitution Bancorp 1,513 25,948 1st Source Corp. 40,958 2,011,038 # A-Mark Precious Metals, Inc. 96 1,447 Access National Corp. 9,403 250,026 # Affiliated Managers Group, Inc. 66,804 12,414,187 Aflac, Inc. 222,979 17,782,575 #* Alleghany Corp. 10,104 6,197,187 Allstate Corp. (The) 214,417 19,511,947 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) # Ally Financial, Inc. 690,434 $ 15,631,426 * Ambac Financial Group, Inc. 25,628 523,580 American Equity Investment Life Holding Co. 202,497 5,422,870 American Express Co. 625,797 53,336,678 American Financial Group, Inc. 117,402 11,904,563 American International Group, Inc. 490,115 32,078,027 American National Bankshares, Inc. 3,768 142,242 American National Insurance Co. 25,170 2,995,230 American River Bankshares 2,192 30,578 Ameriprise Financial, Inc. 234,783 34,015,361 # Ameris Bancorp 67,509 3,091,912 # AMERISAFE, Inc. 43,467 2,510,219 AmeriServ Financial, Inc. 8,436 33,322 # Amtrust Financial Services, Inc. 334,344 5,349,504 Aon P.L.C. 149,536 20,661,389 * Arch Capital Group, Ltd. 106,433 10,351,674 Argo Group International Holdings, Ltd. 50,798 3,045,340 Arrow Financial Corp. 19,024 620,182 Arthur J Gallagher & Co. 172,407 10,135,808 # Artisan Partners Asset Management, Inc. Class A 74,457 2,475,695 Aspen Insurance Holdings, Ltd. 90,679 4,425,135 Associated Banc-Corp 238,703 5,716,937 Assurant, Inc. 110,847 11,668,864 Assured Guaranty, Ltd. 253,585 11,413,861 * Asta Funding, Inc. 1,215 8,900 Astoria Financial Corp. 216,936 4,377,768 Atlantic American Corp. 2,737 9,853 * Atlantic Coast Financial Corp. 945 7,513 * Atlanticus Holdings Corp. 14,132 34,906 Auburn National Bancorporation, Inc. 335 12,398 Axis Capital Holdings, Ltd. 139,109 8,983,659 # Baldwin & Lyons, Inc. Class A 638 14,865 Baldwin & Lyons, Inc. Class B 8,934 209,056 # Banc of California, Inc. 63,257 1,299,931 # BancFirst Corp. 22,740 2,427,495 * Bancorp, Inc. (The) 98,037 759,787 BancorpSouth, Inc. 133,935 4,024,747 Bank Mutual Corp. 50,586 503,331 Bank of America Corp. 5,733,578 138,293,901 Bank of Commerce Holdings 6,357 65,795 # Bank of Hawaii Corp. 82,694 6,919,007 Bank of New York Mellon Corp. (The) 593,799 31,489,161 # Bank of the Ozarks, Inc. 195,671 8,443,204 BankFinancial Corp. 26,449 396,206 BankUnited, Inc. 191,327 6,585,475 Banner Corp. 64,617 3,732,924 # Bar Harbor Bankshares 9,679 269,947 # BB&T Corp. 387,316 18,327,793 BCB Bancorp, Inc. 4,090 61,350 Bear State Financial, Inc. 2,492 23,126 Beneficial Bancorp, Inc. 123,015 1,919,034 * Berkshire Bancorp, Inc. 1,000 11,425 * Berkshire Hathaway, Inc. Class B 930,687 162,842,304 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) Berkshire Hills Bancorp, Inc. 57,658 $ 2,141,995 BGC Partners, Inc. Class A 549,742 6,932,247 BlackRock, Inc. 60,330 25,732,555 #* BofI Holding, Inc. 95,900 2,672,733 BOK Financial Corp. 74,584 6,344,861 Boston Private Financial Holdings, Inc. 200,372 3,075,710 Bridge Bancorp, Inc. 3,589 116,643 Brookline Bancorp, Inc. 161,772 2,402,314 Brown & Brown, Inc. 231,851 10,340,555 * Brunswick Bancorp 40 296 # Bryn Mawr Bank Corp. 31,010 1,316,375 C&F Financial Corp. 721 35,906 California First National Bancorp 2,970 49,451 # Camden National Corp. 18,373 771,666 Canadian Imperial Bank of Commerce 16,784 1,457,523 Capital Bank Financial Corp. Class A 66,354 2,521,452 Capital City Bank Group, Inc. 11,641 248,652 Capital One Financial Corp. 289,415 24,941,785 Capitol Federal Financial, Inc. 260,167 3,709,981 Cathay General Bancorp 128,913 4,827,792 # CBOE Holdings, Inc. 92,718 8,764,633 CenterState Banks, Inc. 100,128 2,502,199 Central Pacific Financial Corp. 40,190 1,243,077 Century Bancorp, Inc. Class A 3,376 225,179 Charles Schwab Corp. (The) 535,122 22,956,734 Charter Financial Corp. 9,174 164,949 Chemical Financial Corp. 105,384 5,078,455 Chubb, Ltd. 203,512 29,806,368 # Cincinnati Financial Corp. 111,649 8,503,188 CIT Group, Inc. 132,203 6,299,473 Citigroup, Inc. 1,616,312 110,636,556 Citizens Community Bancorp, Inc. 1,650 23,018 # Citizens Financial Group, Inc. 336,205 11,794,071 Citizens Holding Co. 772 19,030 #* Citizens, Inc. 39,312 316,462 # City Holding Co. 28,590 1,876,362 # Civista Bancshares, Inc. 1,000 20,450 # Clifton Bancorp, Inc. 36,144 603,243 CME Group, Inc. 158,562 19,442,872 # CNA Financial Corp. 93,173 4,840,337 # CNB Financial Corp. 8,185 215,757 CNO Financial Group, Inc. 184,317 4,217,173 CoBiz Financial, Inc. 93,879 1,652,270 Codorus Valley Bancorp, Inc. 1,941 54,270 # Cohen & Steers, Inc. 47,220 1,907,688 Colony Bankcorp, Inc. 1,337 18,785 # Columbia Banking System, Inc. 122,036 4,861,914 Comerica, Inc. 136,823 9,893,671 # Commerce Bancshares, Inc. 174,544 10,130,534 Commercial National Financial Corp. 847 17,469 # Community Bank System, Inc. 92,087 5,055,576 #* Community Bankers Trust Corp. 5,562 47,833 Community Trust Bancorp, Inc. 31,664 1,367,885 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Community West Bancshares 1,844 $ 19,085 # ConnectOne Bancorp, Inc. 16,932 380,970 * Consumer Portfolio Services, Inc. 56,340 231,557 #* Cowen, Inc. 30,342 485,472 Crawford & Co. Class A 19,714 146,475 # Crawford & Co. Class B 19,531 175,388 #* Credit Acceptance Corp. 33,442 8,330,402 # Cullen/Frost Bankers, Inc. 95,236 8,645,524 * Customers Bancorp, Inc. 52,052 1,553,752 # CVB Financial Corp. 243,472 5,244,387 Diamond Hill Investment Group, Inc. 3,157 623,508 Dime Community Bancshares, Inc. 81,536 1,695,949 Discover Financial Services 312,780 19,060,813 Donegal Group, Inc. Class A 22,595 340,733 Donegal Group, Inc. Class B 2,147 33,386 #* Donnelley Financial Solutions, Inc. 60,367 1,400,514 * E*TRADE Financial Corp. 267,452 10,965,532 Eagle Bancorp Montana, Inc. 566 10,330 * Eagle Bancorp, Inc. 59,012 3,685,299 East West Bancorp, Inc. 198,427 11,306,370 # Eaton Vance Corp. 271,403 13,323,173 #* eHealth, Inc. 12,743 216,758 EMC Insurance Group, Inc. 20,647 571,922 Employers Holdings, Inc. 66,928 2,901,329 #* Encore Capital Group, Inc. 51,774 2,076,137 * Enova International, Inc. 65,436 948,822 #* Enstar Group, Ltd. 23,033 4,666,486 # Enterprise Bancorp, Inc. 3,842 129,821 Enterprise Financial Services Corp. 48,377 1,913,310 # Erie Indemnity Co. Class A 57,990 7,391,405 # ESSA Bancorp, Inc. 9,594 141,512 #* Essent Group, Ltd. 129,410 4,971,932 Evans Bancorp, Inc. 1,219 49,674 # Evercore Partners, Inc. Class A 98,288 7,730,351 # Everest Re Group, Ltd. 44,003 11,545,947 #* Ezcorp, Inc. Class A 85,259 665,020 # FactSet Research Systems, Inc. 39,827 6,659,871 Fairfax Financial Holdings, Ltd. 6,818 3,247,078 Farmers & Merchants Bancorop Inc. 325 19,386 Farmers Capital Bank Corp. 2,267 85,126 FBL Financial Group, Inc. Class A 32,039 2,175,448 #* FCB Financial Holdings, Inc. Class A 81,924 3,862,717 Federal Agricultural Mortgage Corp. Class A 773 51,791 # Federal Agricultural Mortgage Corp. Class C 12,979 889,840 # Federated Investors, Inc. Class B 208,720 6,017,398 Federated National Holding Co. 31,709 504,807 Fidelity Southern Corp. 43,599 918,195 Fifth Third Bancorp 786,178 20,990,953 # Financial Engines, Inc. 56,455 2,170,695 Financial Institutions, Inc. 23,356 686,666 * First Acceptance Corp. 9,100 8,190 First American Financial Corp. 214,864 10,401,566 * First BanCorp(318672706) 104,416 611,878 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) # First Bancorp(318910106) 30,950 $ 968,735 First Bancorp of Indiana, Inc. 96 2,057 # First Bancorp, Inc. 5,920 159,485 * First Bancshares, Inc. 200 2,320 # First Bancshares, Inc. (The) 237 6,577 First Busey Corp. 81,812 2,392,183 # First Business Financial Services, Inc. 2,162 45,964 First Citizens BancShares, Inc. Class A 17,156 6,313,751 First Commonwealth Financial Corp. 192,844 2,512,757 First Community Bancshares, Inc. 16,997 462,658 First Connecticut Bancorp, Inc. 5,745 147,072 First Defiance Financial Corp. 13,124 679,167 First Federal of Northern Michigan Bancorp, Inc. 200 1,595 First Financial Bancorp 127,851 3,272,986 # First Financial Bankshares, Inc. 76,756 3,319,697 First Financial Corp. 10,547 485,689 First Financial Northwest, Inc. 14,137 231,988 # First Horizon National Corp. 433,453 7,555,086 First Interstate Bancsystem, Inc. Class A 65,824 2,405,867 First Merchants Corp. 77,960 3,152,702 First Midwest Bancorp, Inc. 255,580 5,676,432 # First Republic Bank 160,139 16,066,746 First South Bancorp, Inc. 4,572 78,684 * First United Corp. 2,180 32,918 FirstCash, Inc. 100,097 5,820,641 * Flagstar Bancorp, Inc. 65,436 2,130,596 Flushing Financial Corp. 57,416 1,638,078 FNB Corp. 522,872 7,163,346 FNF Group 280,599 13,710,067 * FNFV Group 73,563 1,268,962 Franklin Resources, Inc. 225,401 10,093,457 Fulton Financial Corp. 250,471 4,571,096 # Gain Capital Holdings, Inc. 69,790 468,291 * GAINSCO, Inc. 513 8,862 GAMCO Investors, Inc. Class A 11,447 351,537 * Genworth Financial, Inc. Class A 554,579 1,902,206 # German American Bancorp, Inc. 36,568 1,310,231 # Glacier Bancorp, Inc. 165,124 5,766,130 #* Global Indemnity, Ltd. 18,810 729,076 Goldman Sachs Group, Inc. (The) 202,041 45,525,899 * Great Elm Capital Group, Inc. 3,989 13,762 Great Southern Bancorp, Inc. 25,634 1,331,686 Great Western Bancorp, Inc. 34,042 1,327,978 #* Green Dot Corp. Class A 119,408 4,804,978 # Greenhill & Co., Inc. 62,640 1,158,840 #* Greenlight Capital Re, Ltd. Class A 61,690 1,320,166 Guaranty Bancorp 16,092 428,852 Guaranty Federal Bancshares, Inc. 909 19,544 * Hallmark Financial Services, Inc. 16,543 186,109 Hancock Holding Co. 153,962 7,082,252 Hanmi Financial Corp. 70,049 2,006,904 Hanover Insurance Group, Inc. (The) 69,351 6,578,636 Harleysville Financial Corp. 1,916 43,589 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) Hartford Financial Services Group, Inc. (The) 388,376 $ 21,360,680 Hawthorn Bancshares, Inc. 1,436 29,187 # HCI Group, Inc. 26,300 1,185,867 Heartland Financial USA, Inc. 38,872 1,830,871 Heritage Commerce Corp. 43,465 603,729 Heritage Financial Corp. 45,688 1,242,714 # Heritage Insurance Holdings, Inc. 28,530 359,763 Hilltop Holdings, Inc. 177,004 4,430,410 Hingham Institution for Savings 458 81,020 * HMN Financial, Inc. 989 17,802 Home Bancorp, Inc. 4,739 192,024 # Home BancShares, Inc. 242,308 6,009,238 #* HomeStreet, Inc. 36,316 953,295 * HomeTrust Bancshares, Inc. 761 18,378 Hope Bancorp, Inc. 260,940 4,600,372 HopFed Bancorp, Inc. 1,211 17,656 Horace Mann Educators Corp. 66,001 2,435,437 Horizon Bancorp 2,919 76,974 Houlihan Lokey, Inc. 30,412 1,130,718 # Huntington Bancshares, Inc. 1,158,082 15,344,587 Iberiabank Corp. 81,030 6,551,276 Independent Bank Corp.(453836108) 50,262 3,586,194 Independent Bank Corp.(453838609) 3,800 80,560 Independent Bank Group, Inc. 7,376 445,142 Infinity Property & Casualty Corp. 9,147 915,157 # Interactive Brokers Group, Inc. Class A 170,911 6,844,986 Intercontinental Exchange, Inc. 290,457 19,376,386 International Bancshares Corp. 133,260 4,717,404 #* INTL. FCStone, Inc. 34,579 1,353,076 Invesco, Ltd. 429,117 14,920,398 Investment Technology Group, Inc. 62,232 1,373,460 # Investors Bancorp, Inc. 476,605 6,329,314 # Investors Title Co. 1,022 180,403 James River Group Holdings, Ltd. 5,971 239,795 #* Janus Henderson Group P.L.C. 148,398 4,969,849 JPMorgan Chase & Co. 2,154,980 197,827,164 Kearny Financial Corp. 106,323 1,552,316 # Kemper Corp. 99,239 3,895,131 Kentucky First Federal Bancorp 936 9,173 KeyCorp 680,122 12,269,401 #* Ladenburg Thalmann Financial Services, Inc. 23,786 54,232 # Lake Shore Bancorp, Inc. 125 1,975 # Lakeland Bancorp, Inc. 63,257 1,224,023 # Lakeland Financial Corp. 51,149 2,352,854 Landmark Bancorp, Inc. 1,383 41,006 Lazard, Ltd. Class A 86,170 4,025,001 # LegacyTexas Financial Group, Inc. 97,026 3,756,847 # Legg Mason, Inc. 150,141 6,007,141 #* LendingClub Corp. 617,321 3,129,817 #* LendingTree, Inc. 14,103 3,111,122 Leucadia National Corp. 254,689 6,629,555 Lincoln National Corp. 162,009 11,836,378 Loews Corp. 206,349 10,045,069 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) LPL Financial Holdings, Inc. 214,821 $ 9,830,209 M&T Bank Corp. 77,959 12,719,011 Macatawa Bank Corp. 19,394 187,152 Mackinac Financial Corp. 1,000 14,540 * Magyar Bancorp, Inc. 211 2,697 # Maiden Holdings, Ltd. 160,388 1,780,307 MainSource Financial Group, Inc. 37,698 1,317,168 #* Malvern Bancorp, Inc. 134 3,323 # Manning & Napier, Inc. 7,687 31,132 #* Markel Corp. 8,755 9,381,070 MarketAxess Holdings, Inc. 41,597 8,439,615 Marlin Business Services Corp. 11,172 290,472 Marsh & McLennan Cos., Inc. 301,142 23,480,042 # MB Financial, Inc. 133,639 5,465,835 #* MBIA, Inc. 296,282 3,013,188 MBT Financial Corp. 4,170 40,032 Mercantile Bank Corp. 12,937 411,655 # Mercury General Corp. 79,139 4,739,635 Meridian Bancorp, Inc. 90,484 1,597,043 Meta Financial Group, Inc. 14,791 1,054,598 MetLife, Inc. 392,628 21,594,540 * MGIC Investment Corp. 174,562 2,037,139 Mid Penn Bancorp, Inc. 497 13,419 MidSouth Bancorp, Inc. 5,731 64,474 MidWestOne Financial Group, Inc. 3,102 106,771 # Moelis & Co. Class A 40,681 1,663,853 # Moody's Corp. 79,462 10,459,583 Morgan Stanley 816,094 38,274,809 Morningstar, Inc. 69,005 5,697,743 * MSB Financial Corp. 386 6,678 MSCI, Inc. 122,738 13,372,305 MutualFirst Financial, Inc. 2,798 97,650 Nasdaq, Inc. 219,834 16,349,055 National Bank Holdings Corp. Class A 52,676 1,797,832 National General Holdings Corp. 48,988 1,039,035 National Security Group, Inc. (The) 312 4,257 # National Western Life Group, Inc. Class A 1,532 515,656 #* Nationstar Mortgage Holdings, Inc. 12,405 221,181 Navient Corp. 731,404 10,788,209 Navigators Group, Inc. (The) 61,317 3,495,069 # NBT Bancorp, Inc. 84,823 3,065,503 Nelnet, Inc. Class A 60,974 2,993,214 # New York Community Bancorp, Inc. 293,119 3,848,652 NewStar Financial, Inc. 45,392 496,588 * Nicholas Financial, Inc. 4,022 35,394 * NMI Holdings, Inc. Class A 11,214 132,325 # Northeast Bancorp 59 1,269 Northeast Community Bancorp, Inc. 5,056 46,010 Northern Trust Corp. 196,742 17,216,892 Northfield Bancorp, Inc. 101,294 1,700,726 Northrim BanCorp, Inc. 3,902 113,743 # Northwest Bancshares, Inc. 213,296 3,434,066 # Norwood Financial Corp. 991 42,454 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) OceanFirst Financial Corp. 43,562 $ 1,179,659 #* Ocwen Financial Corp. 117,131 336,166 OFG Bancorp 88,340 887,817 # Ohio Valley Banc Corp. 1,110 37,574 Old Line Bancshares, Inc. 600 16,248 Old National Bancorp 281,614 4,590,308 Old Republic International Corp. 478,628 9,390,681 Old Second Bancorp, Inc. 4,388 51,998 OM Asset Management P.L.C. 59,547 897,373 * On Deck Capital, Inc. 33,942 145,951 OneBeacon Insurance Group, Ltd. Class A 50,165 919,023 #* OneMain Holdings, Inc. 157,293 4,206,015 Oppenheimer Holdings, Inc. Class A 13,697 215,728 Opus Bank 9,395 223,601 Oritani Financial Corp. 98,687 1,638,204 # Pacific Continental Corp. 16,685 423,799 * Pacific Mercantile Bancorp 19,353 152,889 * Pacific Premier Bancorp, Inc. 68,718 2,466,976 PacWest Bancorp 177,233 8,510,729 Park National Corp. 16,879 1,667,139 Park Sterling Corp. 22,791 264,831 Patriot National Bancorp, Inc. 50 815 PB Bancorp, Inc. 1,309 13,548 Peapack Gladstone Financial Corp. 7,471 233,618 Penns Woods Bancorp, Inc. 3,034 130,007 #* PennyMac Financial Services, Inc. Class A 13,659 237,667 # People's United Financial, Inc. 340,171 5,932,582 Peoples Bancorp of North Carolina, Inc. 2,042 64,568 Peoples Bancorp, Inc. 12,312 401,371 * PHH Corp. 111,226 1,532,694 Pinnacle Financial Partners, Inc. 107,512 6,870,017 Piper Jaffray Cos. 12,428 775,507 PNC Financial Services Group, Inc. (The) 272,509 35,099,159 Popular, Inc. 164,025 6,912,014 #* PRA Group, Inc. 100,578 3,942,658 Preferred Bank 10,963 615,572 Premier Financial Bancorp, Inc. 3,202 60,838 # Primerica, Inc. 112,535 9,120,962 Principal Financial Group, Inc. 303,269 20,243,206 ProAssurance Corp. 86,115 5,321,907 Progressive Corp. (The) 488,448 23,020,554 # Prosperity Bancshares, Inc. 100,913 6,468,523 Provident Financial Holdings, Inc. 6,264 119,016 Provident Financial Services, Inc. 132,124 3,503,928 # Prudential Bancorp, Inc. 2,842 48,797 Prudential Financial, Inc. 193,812 21,945,333 # Pzena Investment Management, Inc. Class A 8,560 90,308 QCR Holdings, Inc. 1,348 61,941 Radian Group, Inc. 100,718 1,754,508 Raymond James Financial, Inc. 167,142 13,904,543 * Regional Management Corp. 2,273 54,529 Regions Financial Corp. 836,867 12,218,258 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Reinsurance Group of America, Inc. 67,596 $ 9,476,959 RenaissanceRe Holdings, Ltd. 63,649 9,350,675 Renasant Corp. 93,597 3,967,577 Republic Bancorp, Inc. Class A 15,312 549,701 #* Republic First Bancorp, Inc. 14,828 131,969 Riverview Bancorp, Inc. 22,860 173,507 # RLI Corp. 68,977 4,004,805 * Royal Bancshares of Pennsylvania, Inc. Class A 4,906 21,047 S&P Global, Inc. 176,680 27,136,281 # S&T Bancorp, Inc. 51,737 1,959,798 * Safeguard Scientifics, Inc. 36,332 432,351 # Safety Insurance Group, Inc. 35,053 2,487,010 Salisbury Bancorp, Inc. 543 22,969 # Sandy Spring Bancorp, Inc. 39,538 1,583,102 * Santander Consumer USA Holdings, Inc. 523,019 6,699,873 # SB Financial Group, Inc. 1,124 19,827 * Seacoast Banking Corp. of Florida 47,424 1,108,299 * Security National Financial Corp. Class A 1,039 6,598 SEI Investments Co. 134,134 7,579,912 * Select Bancorp, Inc. 300 3,552 # Selective Insurance Group, Inc. 111,647 5,654,921 # ServisFirst Bancshares, Inc. 64,288 2,336,226 Shore Bancshares, Inc. 3,114 52,595 SI Financial Group, Inc. 5,983 92,437 Siebert Financial Corp. 3,562 14,284 Sierra Bancorp 10,427 285,700 * Signature Bank 58,897 8,161,946 Silvercrest Asset Management Group, Inc. Class A 800 10,120 # Simmons First National Corp. Class A 59,420 3,241,361 * SLM Corp. 949,216 10,517,313 # South State Corp. 58,308 4,883,295 * Southern First Bancshares, Inc. 1,652 60,876 Southern Missouri Bancorp, Inc. 2,415 78,270 Southern National Bancorp of Virginia, Inc. 5,779 97,781 # Southside Bancshares, Inc. 44,823 1,556,703 Southwest Bancorp, Inc. 16,450 429,345 Southwest Georgia Financial Corp. 863 17,001 # State Auto Financial Corp. 32,376 834,977 State Bank Financial Corp. 13,088 359,266 State Street Corp. 210,947 19,666,589 # Sterling Bancorp 182,775 4,222,103 Stewart Information Services Corp. 56,277 2,211,686 #* Stifel Financial Corp. 97,569 4,961,384 # Stock Yards Bancorp, Inc. 29,827 1,069,298 Stonegate Bank 4,244 197,558 Summit State Bank 2,458 31,954 Sun Bancorp, Inc. 5,889 143,397 SunTrust Banks, Inc. 274,492 15,725,647 # Sussex Bancorp 448 10,752 * SVB Financial Group 72,247 12,891,755 Synchrony Financial 720,229 21,837,343 # Synovus Financial Corp. 242,440 10,541,291 # T Rowe Price Group, Inc. 324,086 26,808,394 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) TCF Financial Corp. 339,761 $ 5,354,633 # TD Ameritrade Holding Corp. 297,136 13,588,029 Territorial Bancorp, Inc. 11,236 338,541 Teton Advisors, Inc. Class A 29 1,080 #* Texas Capital Bancshares, Inc. 97,717 7,656,127 # TFS Financial Corp. 215,089 3,437,122 * TheStreet, Inc. 2,874 2,170 Timberland Bancorp, Inc. 4,980 134,261 Tiptree, Inc. 80,023 548,158 # Tompkins Financial Corp. 25,141 1,978,848 Torchmark Corp. 130,351 10,293,818 # Towne Bank 61,670 1,930,271 Travelers Cos., Inc. (The) 234,212 30,000,215 Trico Bancshares 35,890 1,324,341 #* TriState Capital Holdings, Inc. 1,706 39,238 TrustCo Bank Corp. NY 207,921 1,725,744 # Trustmark Corp. 141,691 4,528,444 U.S. Bancorp. 905,417 47,787,909 # UMB Financial Corp. 76,772 5,347,938 Umpqua Holdings Corp. 352,267 6,531,030 * Unico American Corp. 100 930 # Union Bankshares Corp. 88,055 2,720,019 Union Bankshares, Inc. 863 37,843 United Bancshares, Inc. 1,036 23,206 # United Bankshares, Inc. 153,602 5,299,269 United Community Bancorp 99 1,891 United Community Banks, Inc. 146,542 4,068,006 United Community Financial Corp. 6,897 63,452 United Financial Bancorp, Inc. 67,354 1,218,434 United Fire Group, Inc. 45,162 2,037,709 # United Insurance Holdings Corp. 33,507 534,772 United Security Bancshares 5,158 48,485 # Unity Bancorp, Inc. 4,686 86,691 Universal Insurance Holdings, Inc. 88,522 2,111,250 # Univest Corp. of Pennsylvania 33,568 1,023,824 Unum Group 227,314 11,395,251 Validus Holdings, Ltd. 125,605 6,756,293 # Valley National Bancorp 418,072 4,966,695 Value Line, Inc. 2,920 51,655 * Veritex Holdings, Inc. 4,502 119,978 # Virtu Financial, Inc. Class A 26,970 446,354 # Virtus Investment Partners, Inc. 13,893 1,636,595 Voya Financial, Inc. 122,719 4,815,494 VSB Bancorp, Inc. 169 3,017 # Waddell & Reed Financial, Inc. Class A 173,451 3,585,232 * Walker & Dunlop, Inc. 80,227 4,031,407 # Washington Federal, Inc. 200,051 6,691,706 Washington Trust Bancorp, Inc. 32,597 1,774,907 Waterstone Financial, Inc. 36,205 682,464 Wayne Savings Bancshares, Inc. 955 16,617 # Webster Financial Corp. 164,857 8,561,024 Wells Fargo & Co. 2,858,420 154,183,175 WesBanco, Inc. 71,940 2,750,266 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) West Bancorporation, Inc. 14,098 $ 324,254 # Westamerica Bancorporation 44,466 2,433,180 * Western Alliance Bancorp 209,110 10,534,962 Western New England Bancorp, Inc. 28,019 278,789 Westwood Holdings Group, Inc. 9,752 574,880 White Mountains Insurance Group, Ltd. 7,369 6,371,237 Willis Towers Watson P.L.C. 81,214 12,091,140 Wintrust Financial Corp. 108,009 8,134,158 # WisdomTree Investments, Inc. 172,941 1,805,504 * World Acceptance Corp. 9,467 715,421 # WR Berkley Corp. 146,717 10,119,071 WSFS Financial Corp. 56,160 2,535,624 WVS Financial Corp. 803 12,892 # XL Group, Ltd. 195,631 8,686,016 # Zions Bancorporation 197,421 8,947,120 -------------- Total Financials 3,008,237,381 -------------- Health Care -- (10.9%) # Abaxis, Inc. 28,250 1,327,750 Abbott Laboratories 887,075 43,626,349 AbbVie, Inc. 1,092,274 76,360,875 * ABIOMED, Inc. 38,874 5,756,851 #* Acadia Healthcare Co., Inc. 129,160 6,836,439 #* Accuray, Inc. 2,165 9,201 # Aceto Corp. 50,200 847,376 * Achillion Pharmaceuticals, Inc. 21,268 87,199 #* Acorda Therapeutics, Inc. 59,857 1,295,904 * Addus HomeCare Corp. 21,078 715,598 * Adverum Biotechnologies, Inc. 6,447 16,440 Aetna, Inc. 177,765 27,430,917 Agilent Technologies, Inc. 227,761 13,617,830 * Akorn, Inc. 203,386 6,837,837 #* Albany Molecular Research, Inc. 32,814 713,376 * Alere, Inc. 115,247 5,807,296 * Alexion Pharmaceuticals, Inc. 58,738 8,067,077 #* Align Technology, Inc. 107,848 18,035,421 #* Alkermes P.L.C. 52,583 2,861,041 Allergan P.L.C. 182,114 45,952,826 * Alliance HealthCare Services, Inc. 6,423 85,105 #* Allscripts Healthcare Solutions, Inc. 370,310 4,558,516 #* Almost Family, Inc. 27,392 1,354,534 #* Alnylam Pharmaceuticals, Inc. 36,022 2,980,460 Altimmune, Inc. 476 1,200 #* AMAG Pharmaceuticals, Inc. 18,274 359,084 #* Amedisys, Inc. 57,643 2,729,972 * American Shared Hospital Services 797 2,989 # AmerisourceBergen Corp. 209,499 19,655,196 Amgen, Inc. 349,369 60,968,384 #* Amicus Therapeutics, Inc. 6,394 82,802 #* AMN Healthcare Services, Inc. 107,214 3,956,197 * Amphastar Pharmaceuticals, Inc. 67,916 1,173,588 # Analogic Corp. 26,156 1,836,151 * AngioDynamics, Inc. 76,054 1,235,878 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* ANI Pharmaceuticals, Inc. 7,618 $ 371,225 #* Anika Therapeutics, Inc. 31,213 1,596,857 Anthem, Inc. 150,653 28,053,095 #* Aptevo Therapeutics, Inc. 33,737 62,076 #* Aralez Pharmaceuticals, Inc. 24,054 29,105 * Assembly Biosciences, Inc. 1,916 42,938 #* athenahealth, Inc. 49,237 6,810,462 Atrion Corp. 3,136 1,982,579 Baxter International, Inc. 245,941 14,874,512 Becton Dickinson and Co. 97,174 19,570,844 * Bio-Rad Laboratories, Inc. Class A 36,134 8,514,254 #* Bio-Rad Laboratories, Inc. Class B 1,562 369,062 # Bio-Techne Corp. 47,687 5,527,400 * Biogen, Inc. 129,507 37,503,932 #* BioMarin Pharmaceutical, Inc. 54,919 4,818,044 #* BioScrip, Inc. 107,250 309,953 * BioSpecifics Technologies Corp. 10,712 521,139 #* BioTelemetry, Inc. 55,946 1,913,353 * Bioverativ, Inc. 113,603 7,039,978 #* Bluebird Bio, Inc. 30,679 2,891,496 * Boston Scientific Corp. 501,499 13,349,903 #* Bovie Medical Corp. 7,222 18,272 Bristol-Myers Squibb Co. 982,403 55,898,731 #* Brookdale Senior Living, Inc. 213,170 3,027,014 Bruker Corp. 234,674 6,730,450 #* Cambrex Corp. 68,294 4,165,934 Cantel Medical Corp. 74,196 5,505,343 #* Capital Senior Living Corp. 41,313 570,119 Cardinal Health, Inc. 172,830 13,352,846 * Catalent, Inc. 299,500 10,392,650 * Celgene Corp. 549,275 74,377,328 * Cempra, Inc. 83,294 333,176 * Centene Corp. 261,640 20,779,449 #* Cerner Corp. 158,304 10,190,028 * Charles River Laboratories International, Inc. 101,691 9,986,056 # Chemed Corp. 33,122 6,541,595 * Chimerix, Inc. 48,337 240,235 Cigna Corp. 171,169 29,708,092 #* Clovis Oncology, Inc. 14,173 1,202,012 #* Community Health Systems, Inc. 231,802 1,657,384 # Computer Programs & Systems, Inc. 14,788 453,252 * Concert Pharmaceuticals, Inc. 12,128 175,007 CONMED Corp. 44,217 2,269,216 # Cooper Cos., Inc. (The) 34,007 8,293,287 #* Corcept Therapeutics, Inc. 104,286 1,300,446 * CorVel Corp. 32,327 1,537,149 #* Cotiviti Holdings, Inc. 4,809 207,027 CR Bard, Inc. 68,638 22,005,343 #* Cross Country Healthcare, Inc. 42,718 502,364 * CryoLife, Inc. 57,470 1,077,563 * Cumberland Pharmaceuticals, Inc. 14,360 96,499 * Cutera, Inc. 12,003 312,678 * Cytokinetics, Inc. 2,000 28,100 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) Danaher Corp. 329,448 $26,846,718 * DaVita, Inc. 383,077 24,815,728 DENTSPLY SIRONA, Inc. 145,927 9,051,852 #* Depomed, Inc. 96,386 993,740 #* DexCom, Inc. 40,009 2,664,999 Digirad Corp. 9,575 39,258 * Diplomat Pharmacy, Inc. 27,300 433,251 #* Eagle Pharmaceuticals, Inc. 3,003 147,597 * Edwards Lifesciences Corp. 149,789 17,252,697 Eli Lilly & Co. 471,963 39,012,462 #* Emergent BioSolutions, Inc. 75,478 2,745,135 * Enanta Pharmaceuticals, Inc. 10,066 383,615 #* Endo International P.L.C. 172,415 1,900,013 # Ensign Group, Inc. (The) 101,811 2,277,512 #* Envision Healthcare Corp. 123,139 6,948,734 * Enzo Biochem, Inc. 74,162 804,658 #* Evolent Health, Inc. Class A 2,141 52,883 #* Exact Sciences Corp. 38,650 1,499,620 * Exactech, Inc. 18,127 528,402 * Exelixis, Inc. 182,914 4,958,799 * Express Scripts Holding Co. 499,658 31,298,577 * Five Prime Therapeutics, Inc. 63,299 1,781,234 * Five Star Senior Living, Inc. 14,926 23,882 #* Fluidigm Corp. 3,038 11,423 * Genesis Healthcare, Inc. 15,845 22,817 #* Genocea Biosciences, Inc. 418 2,378 Gilead Sciences, Inc. 855,262 65,076,886 #* Globus Medical, Inc. Class A 131,511 4,043,963 * Haemonetics Corp. 77,784 3,199,256 #* Halyard Health, Inc. 95,289 3,832,524 #* Hanger, Inc. 41,296 479,034 * Harvard Bioscience, Inc. 26,114 73,119 * HCA Healthcare, Inc. 127,519 10,244,876 #* HealthEquity, Inc. 49,870 2,287,537 HealthSouth Corp. 228,338 9,718,065 * HealthStream, Inc. 51,968 1,227,484 #* Henry Schein, Inc. 58,994 10,749,297 #* Heska Corp. 8,712 954,312 Hill-Rom Holdings, Inc. 139,936 10,428,031 * HMS Holdings Corp. 147,603 2,963,868 #* Hologic, Inc. 335,109 14,815,169 #* Horizon Pharma P.L.C. 264,084 3,163,726 Humana, Inc. 106,580 24,641,296 #* ICU Medical, Inc. 23,720 4,077,468 #* IDEXX Laboratories, Inc. 80,866 13,460,954 #* Illumina, Inc. 69,118 12,016,164 #* Impax Laboratories, Inc. 123,733 2,394,234 * INC Research Holdings, Inc. Class A 87,176 4,794,680 #* Incyte Corp. 105,242 14,027,706 * Innoviva, Inc. 2,963 40,652 * Inogen, Inc. 26,156 2,468,603 #* Insys Therapeutics, Inc. 38,684 443,319 * Integer Holdings Corp. 49,318 2,258,764 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) #* Integra LifeSciences Holdings Corp. 116,636 $ 5,792,144 #* Intuitive Surgical, Inc. 14,038 13,171,294 # Invacare Corp. 70,552 1,104,139 #* Ionis Pharmaceuticals, Inc. 58,640 3,072,736 #* iRadimed Corp. 1,881 18,528 * IRIDEX Corp. 2,696 25,342 #* Jazz Pharmaceuticals P.L.C. 55,623 8,544,249 Johnson & Johnson 1,321,871 175,438,719 #* Juniper Pharmaceuticals, Inc. 1,386 6,861 * Karyopharm Therapeutics, Inc. 3,418 28,848 Kewaunee Scientific Corp. 1,352 34,206 * Kindred Biosciences, Inc. 53,708 392,068 # Kindred Healthcare, Inc. 213,674 1,912,382 #* Kite Pharma, Inc. 34,983 3,792,507 * Laboratory Corp. of America Holdings 142,183 22,594,301 Landauer, Inc. 14,418 785,060 #* Lannett Co., Inc. 68,351 1,390,943 * Lantheus Holdings, Inc. 65,791 1,213,844 # LeMaitre Vascular, Inc. 29,553 1,065,977 * LHC Group, Inc. 33,108 1,916,953 * LifePoint Health, Inc. 84,842 5,039,615 #* Ligand Pharmaceuticals, Inc. 17,124 2,070,463 #* Lipocine, Inc. 19,043 96,548 * LivaNova P.L.C. 41,951 2,556,494 # Luminex Corp. 69,720 1,424,380 * Magellan Health, Inc. 55,667 4,149,975 * Mallinckrodt P.L.C. 108,442 4,966,644 #* Masimo Corp. 88,017 8,326,408 McKesson Corp. 125,721 20,350,458 #* Medicines Co. (The) 36,884 1,418,190 #* MediciNova, Inc. 1,657 8,633 #* Medidata Solutions, Inc. 20,961 1,610,014 #* MEDNAX, Inc. 121,413 5,703,983 Medtronic P.L.C. 509,048 42,744,761 Merck & Co., Inc. 1,335,662 85,322,089 # Meridian Bioscience, Inc. 73,468 995,491 * Merit Medical Systems, Inc. 79,275 3,250,275 * Mettler-Toledo International, Inc. 25,335 14,518,982 * Micron Solutions, Inc. 1,150 4,554 * Misonix, Inc. 2,220 18,870 #* Molina Healthcare, Inc. 126,598 8,456,746 #* Momenta Pharmaceuticals, Inc. 45,221 748,408 * Mylan NV 243,538 9,495,547 #* Myriad Genetics, Inc. 108,382 2,630,431 National HealthCare Corp. 12,354 805,110 National Research Corp. Class A 12,465 366,471 National Research Corp. Class B 1,943 98,005 #* Natus Medical, Inc. 61,355 2,159,696 #* Neogen Corp. 43,777 2,883,591 #* NeoGenomics, Inc. 4,211 39,794 #* Neurocrine Biosciences, Inc. 42,495 2,041,035 #* NewLink Genetics Corp. 8,556 61,774 #* NuVasive, Inc. 95,302 6,269,919 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) * Nuvectra Corp. 12,862 $ 149,971 #* Omnicell, Inc. 58,861 2,919,506 #* Opko Health, Inc. 332,514 2,144,715 * OraSure Technologies, Inc. 73,179 1,283,560 * Orthofix International NV 34,419 1,493,096 * Otonomy, Inc. 976 18,349 # Owens & Minor, Inc. 129,512 4,174,172 * PAREXEL International Corp. 123,488 10,807,670 # Patterson Cos., Inc. 193,194 8,060,054 # PDL BioPharma, Inc. 179,942 408,468 PerkinElmer, Inc. 116,875 7,693,881 # Perrigo Co. P.L.C. 74,214 5,560,113 Pfizer, Inc. 3,884,990 128,826,268 * PharMerica Corp. 64,783 1,629,292 Phibro Animal Health Corp. Class A 28,887 1,103,483 * PRA Health Sciences, Inc. 99,006 7,366,046 #* Premier, Inc. Class A 76,727 2,677,772 #* Prestige Brands Holdings, Inc. 115,680 6,203,918 #* Progenics Pharmaceuticals, Inc. 22,729 137,056 * ProPhase Labs, Inc. 3,827 7,998 * Providence Service Corp. (The) 27,818 1,433,740 Psychemedics Corp. 1,300 33,228 #* PTC Therapeutics, Inc. 11,683 240,903 * Quality Systems, Inc. 83,038 1,419,950 Quest Diagnostics, Inc. 228,220 24,718,508 * Quidel Corp. 23,763 760,178 #* Quintiles IMS Holdings, Inc. 120,068 10,872,157 * Quorum Health Corp. 50,777 173,150 #* RadNet, Inc. 59,401 457,388 * Regeneron Pharmaceuticals, Inc. 38,513 18,933,761 * Repligen Corp. 26,740 1,076,820 # ResMed, Inc. 78,558 6,058,393 #* Retrophin, Inc. 55,326 1,119,798 #* Rigel Pharmaceuticals, Inc. 72,832 172,612 * RTI Surgical, Inc. 96,483 549,953 * SciClone Pharmaceuticals, Inc. 80,322 879,526 #* SeaSpine Holdings Corp. 21,405 241,448 #* Seattle Genetics, Inc. 60,492 3,054,846 * Select Medical Holdings Corp. 245,520 3,977,424 #* Spectrum Pharmaceuticals, Inc. 69,632 519,455 # STERIS P.L.C. 95,562 7,821,750 # Stryker Corp. 155,528 22,878,169 #* Sucampo Pharmaceuticals, Inc. Class A 67,976 737,540 #* Supernus Pharmaceuticals, Inc. 63,500 2,568,575 #* Surgery Partners, Inc. 4,100 81,385 * Surmodics, Inc. 23,848 627,202 #* Taro Pharmaceutical Industries, Ltd. 30,773 3,518,277 Teleflex, Inc. 43,543 9,022,980 #* Tenet Healthcare Corp. 243,819 4,230,260 #* TESARO, Inc. 23,505 3,000,648 * Tetraphase Pharmaceuticals, Inc. 59,216 387,273 Thermo Fisher Scientific, Inc. 197,751 34,711,233 * Tivity Health, Inc. 85,818 3,402,684 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Health Care -- (Continued) #* Triple-S Management Corp. Class B 41,196 $ 637,714 #* United Therapeutics Corp. 88,628 11,379,835 UnitedHealth Group, Inc. 598,591 114,815,740 Universal Health Services, Inc. Class B 153,429 17,004,536 US Physical Therapy, Inc. 22,052 1,391,481 # Utah Medical Products, Inc. 3,884 268,384 #* Varex Imaging Corp. 56,129 1,731,580 #* Varian Medical Systems, Inc. 74,602 7,245,346 * VCA, Inc. 104,995 9,720,437 #* Veeva Systems, Inc. Class A 87,529 5,580,849 #* Verastem, Inc. 73,481 266,736 * Vertex Pharmaceuticals, Inc. 54,678 8,301,214 * VWR Corp. 241,946 7,984,218 * Waters Corp. 49,335 8,556,662 * WellCare Health Plans, Inc. 90,713 16,055,294 West Pharmaceutical Services, Inc. 84,415 7,487,611 #* Wright Medical Group NV 47,071 1,236,555 #* Xencor, Inc. 37,440 874,224 #* Zafgen, Inc. 1,564 5,286 Zimmer Biomet Holdings, Inc. 93,733 11,371,688 Zoetis, Inc. 312,218 19,519,869 * Zogenix, Inc. 700 8,400 -------------- Total Health Care 2,313,374,198 -------------- Industrials -- (12.2%) 3M Co. 417,065 83,900,966 # AAON, Inc. 76,660 2,591,108 AAR Corp. 54,816 2,050,118 ABM Industries, Inc. 99,580 4,443,260 #* Acacia Research Corp. 41,555 143,365 * ACCO Brands Corp. 213,705 2,489,663 Acme United Corp. 1,000 27,670 # Actuant Corp. Class A 107,217 2,594,651 # Acuity Brands, Inc. 38,668 7,836,070 # Advanced Drainage Systems, Inc. 33,396 686,288 * Advisory Board Co. (The) 50,388 2,831,806 #* AECOM 230,320 7,347,208 * Aegion Corp. 53,845 1,289,049 * AeroCentury Corp. 691 8,845 #* Aerojet Rocketdyne Holdings, Inc. 116,093 2,722,381 #* Aerovironment, Inc. 41,307 1,560,992 AGCO Corp. 140,792 10,156,735 # Air Lease Corp. 219,000 8,668,020 * Air Transport Services Group, Inc. 161,371 3,930,998 # Aircastle, Ltd. 68,135 1,603,898 Alamo Group, Inc. 23,124 2,150,763 # Alaska Air Group, Inc. 214,723 18,300,841 # Albany International Corp. Class A 57,920 3,098,720 # Allegiant Travel Co. 40,138 5,187,836 # Allegion P.L.C. 105,138 8,541,411 Allied Motion Technologies, Inc. 19,703 583,012 Allison Transmission Holdings, Inc. 340,443 12,868,745 Altra Industrial Motion Corp. 58,843 2,621,456 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # AMERCO 25,746 $10,003,866 #* Ameresco, Inc. Class A 21,115 138,303 # American Airlines Group, Inc. 360,513 18,184,276 # American Railcar Industries, Inc. 19,392 713,044 * American Superconductor Corp. 896 2,858 * American Woodmark Corp. 35,230 3,457,824 # AMETEK, Inc. 211,089 12,998,861 * AMREP Corp. 3,360 23,117 # AO Smith Corp. 171,798 9,199,783 # Apogee Enterprises, Inc. 60,118 3,131,547 Applied Industrial Technologies, Inc. 79,647 4,500,055 * ARC Document Solutions, Inc. 78,538 271,741 ArcBest Corp. 30,676 852,793 # Arconic, Inc. 629,451 15,604,090 # Argan, Inc. 39,479 2,544,422 #* Armstrong Flooring, Inc. 52,153 905,376 #* Armstrong World Industries, Inc. 94,686 4,597,005 * Arotech Corp. 14,831 53,392 Astec Industries, Inc. 41,113 2,066,751 * Astronics Corp. 44,166 1,291,856 #* Astronics Corp. Class B 15,379 450,989 #* Atlas Air Worldwide Holdings, Inc. 55,876 3,319,034 * Avalon Holdings Corp. Class A 500 1,135 #* Avis Budget Group, Inc. 181,523 5,587,278 #* Axon Enterprise, Inc. 66,280 1,629,825 # AZZ, Inc. 46,270 2,345,889 #* Babcock & Wilcox Enterprises, Inc. 82,777 869,159 Barnes Group, Inc. 97,184 5,848,533 # Barrett Business Services, Inc. 14,848 817,085 * Beacon Roofing Supply, Inc. 115,289 5,295,224 * BlueLinx Holdings, Inc. 2,583 26,992 #* BMC Stock Holdings, Inc. 62,024 1,364,528 Boeing Co. (The) 406,553 98,572,840 Brady Corp. Class A 85,276 2,831,163 Briggs & Stratton Corp. 64,286 1,505,578 # Brink's Co. (The) 120,521 9,418,716 #* Broadwind Energy, Inc. 488 2,157 #* Builders FirstSource, Inc. 231,290 3,624,314 BWX Technologies, Inc. 153,158 8,068,363 * CAI International, Inc. 39,289 1,030,550 Carlisle Cos., Inc. 81,274 7,931,530 * Casella Waste Systems, Inc. Class A 71,163 1,194,115 # Caterpillar, Inc. 343,254 39,113,793 * CBIZ, Inc. 117,936 1,751,350 * CDI Corp. 16,772 138,369 # CECO Environmental Corp. 17,216 166,307 # Celadon Group, Inc. 49,165 223,701 # CH Robinson Worldwide, Inc. 124,548 8,170,349 * Chart Industries, Inc. 58,546 1,990,564 # Chicago Bridge & Iron Co. NV 157,296 2,947,727 Chicago Rivet & Machine Co. 474 17,415 # Cintas Corp. 84,931 11,452,945 # CIRCOR International, Inc. 25,855 1,294,301 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Civeo Corp. 124,628 $ 240,532 #* Clean Harbors, Inc. 113,092 6,423,626 * Colfax Corp. 174,213 7,191,513 Columbus McKinnon Corp. 43,078 1,111,412 Comfort Systems USA, Inc. 69,175 2,303,527 #* Command Security Corp. 4,000 12,680 * Commercial Vehicle Group, Inc. 70,385 617,980 CompX International, Inc. 1,315 19,068 #* Continental Building Products, Inc. 94,015 2,068,330 * Continental Materials Corp. 268 5,976 Copa Holdings SA Class A 55,407 6,951,362 #* Copart, Inc. 317,209 9,988,911 # Covanta Holding Corp. 331,739 5,009,259 * Covenant Transportation Group, Inc. Class A 34,912 654,600 #* CPI Aerostructures, Inc. 6,347 60,297 CRA International, Inc. 11,728 455,164 Crane Co. 96,806 7,308,853 CSX Corp. 641,088 31,631,282 Cubic Corp. 47,266 2,252,225 Cummins, Inc. 107,714 18,085,181 Curtiss-Wright Corp. 84,544 8,151,732 Deere & Co. 190,297 24,411,299 Delta Air Lines, Inc. 725,693 35,820,206 # Deluxe Corp. 108,158 7,809,008 * DigitalGlobe, Inc. 127,899 4,463,675 DMC Global, Inc. 16,062 223,262 # Donaldson Co., Inc. 192,879 9,159,824 # Douglas Dynamics, Inc. 59,486 1,891,655 Dover Corp. 220,747 18,542,748 * Ducommun, Inc. 14,372 416,213 Dun & Bradstreet Corp. (The) 59,002 6,535,062 * DXP Enterprises, Inc. 27,021 772,530 #* Dycom Industries, Inc. 78,034 7,069,880 Eastern Co. (The) 4,045 117,710 Eaton Corp. P.L.C. 229,360 17,947,420 #* Echo Global Logistics, Inc. 43,610 595,277 Ecology and Environment, Inc. Class A 1,746 21,825 EMCOR Group, Inc. 124,882 8,429,535 Emerson Electric Co. 383,183 22,841,539 Encore Wire Corp. 39,240 1,750,104 #* Energy Focus, Inc. 2,870 6,257 EnerSys 75,737 5,473,513 * Engility Holdings, Inc. 30,294 883,676 # Ennis, Inc. 38,863 748,113 EnPro Industries, Inc. 34,532 2,659,655 # EnviroStar, Inc. 100 2,535 Equifax, Inc. 93,448 13,591,077 ESCO Technologies, Inc. 46,374 2,861,276 Espey Manufacturing & Electronics Corp. 1,489 33,458 # Essendant, Inc. 56,645 706,930 #* Esterline Technologies Corp. 59,313 5,723,704 # Expeditors International of Washington, Inc. 128,769 7,581,919 Exponent, Inc. 46,238 3,014,718 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) # Fastenal Co. 219,954 $ 9,449,224 Federal Signal Corp. 139,055 2,572,517 FedEx Corp. 202,631 42,153,327 # Flowserve Corp. 120,963 4,975,208 Fluor Corp. 187,255 8,132,485 Fortive Corp. 203,090 13,148,047 # Fortune Brands Home & Security, Inc. 127,584 8,378,441 Forward Air Corp. 54,227 2,810,585 #* Franklin Covey Co. 20,263 377,905 Franklin Electric Co., Inc. 83,068 3,355,947 FreightCar America, Inc. 30,380 499,447 * FTI Consulting, Inc. 97,000 3,182,570 * Fuel Tech, Inc. 19,248 16,746 # GATX Corp. 62,539 3,866,786 * Gencor Industries, Inc. 3,547 56,929 #* Generac Holdings, Inc. 152,394 5,481,612 # General Cable Corp. 96,012 1,853,032 General Dynamics Corp. 151,350 29,714,545 General Electric Co. 2,629,165 67,332,916 #* Genesee & Wyoming, Inc. Class A 109,411 7,129,221 * Gibraltar Industries, Inc. 57,770 1,724,435 Global Brass & Copper Holdings, Inc. 39,195 1,256,200 * Global Power Equipment Group, Inc. 12,367 40,069 * GMS, Inc. 15,132 454,263 * Golden Ocean Group, Ltd. 12,367 88,919 #* Goldfield Corp. (The) 29,115 148,487 Gorman-Rupp Co. (The) 67,781 2,048,342 * GP Strategies Corp. 39,710 1,137,692 # Graco, Inc. 105,491 12,241,176 Graham Corp. 9,694 193,977 # Granite Construction, Inc. 67,504 3,309,046 #* Great Lakes Dredge & Dock Corp. 85,344 337,109 # Greenbrier Cos., Inc. (The) 31,578 1,421,010 # Griffon Corp. 73,106 1,498,673 H&E Equipment Services, Inc. 88,802 2,004,261 Hardinge, Inc. 10,375 125,538 * Harsco Corp. 179,811 2,778,080 * Hawaiian Holdings, Inc. 129,362 5,355,587 * HC2 Holdings, Inc. 7,362 44,246 * HD Supply Holdings, Inc. 177,339 5,761,744 # Healthcare Services Group, Inc. 76,799 4,012,748 # Heartland Express, Inc. 172,212 3,638,840 # HEICO Corp. 53,171 4,273,353 HEICO Corp. Class A 80,790 5,740,129 Heidrick & Struggles International, Inc. 32,954 596,467 #* Herc Holdings, Inc. 59,553 2,702,515 * Heritage-Crystal Clean, Inc. 4,417 83,040 Herman Miller, Inc. 124,293 4,185,567 #* Hertz Global Holdings, Inc. 139,440 1,906,145 # Hexcel Corp. 178,905 9,154,569 #* Hill International, Inc. 28,258 142,703 Hillenbrand, Inc. 128,408 4,622,688 # HNI Corp. 84,923 3,205,843 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Honeywell International, Inc. 430,398 $58,585,776 Houston Wire & Cable Co. 17,436 100,257 * Hub Group, Inc. Class A 64,490 2,195,885 Hubbell, Inc. 69,123 8,211,121 Hudson Global, Inc. 23,996 32,155 #* Hudson Technologies, Inc. 74,171 600,043 Huntington Ingalls Industries, Inc. 77,326 15,937,662 Hurco Cos., Inc. 12,852 423,473 * Huron Consulting Group, Inc. 41,358 1,468,209 #* Huttig Building Products, Inc. 2,588 18,452 Hyster-Yale Materials Handling, Inc. 23,069 1,634,669 * ICF International, Inc. 27,736 1,255,054 # IDEX Corp. 76,084 8,866,829 * IES Holdings, Inc. 6,920 117,640 Illinois Tool Works, Inc. 218,339 30,722,481 Ingersoll-Rand P.L.C. 256,583 22,548,514 * InnerWorkings, Inc. 145,828 1,719,312 * Innovative Solutions & Support, Inc. 10,802 43,316 Insperity, Inc. 49,494 3,736,797 Insteel Industries, Inc. 47,339 1,245,962 # Interface, Inc. 123,111 2,332,953 * Intersections, Inc. 13,979 61,368 # ITT, Inc. 178,852 7,332,932 Jacobs Engineering Group, Inc. 91,966 4,848,448 JB Hunt Transport Services, Inc. 98,438 8,929,311 * JetBlue Airways Corp. 634,608 13,916,953 # John Bean Technologies Corp. 57,590 5,321,316 # Johnson Controls International P.L.C. 285,326 11,113,448 Kadant, Inc. 18,365 1,433,388 # Kaman Corp. 57,014 2,914,556 Kansas City Southern 141,368 14,587,764 KAR Auction Services, Inc. 246,176 10,349,239 # KBR, Inc. 222,997 3,327,115 Kelly Services, Inc. Class A 68,541 1,526,408 Kelly Services, Inc. Class B 319 7,203 Kennametal, Inc. 173,816 6,413,810 * Key Technology, Inc. 3,418 48,877 * KEYW Holding Corp. (The) 3,401 30,031 Kforce, Inc. 62,753 1,173,481 Kimball International, Inc. Class B 93,997 1,566,930 #* Kirby Corp. 99,673 6,070,086 #* KLX, Inc. 90,070 4,676,434 Knight Transportation, Inc. 162,439 5,790,950 # Knoll, Inc. 94,672 1,832,850 Korn/Ferry International 108,897 3,642,605 #* Kratos Defense & Security Solutions, Inc. 99,878 1,099,157 L3 Technologies, Inc. 78,085 13,662,532 Landstar System, Inc. 86,084 7,157,885 * Lawson Products, Inc. 8,619 198,668 #* Layne Christensen Co. 20,348 215,485 LB Foster Co. Class A 13,814 243,126 # Lennox International, Inc. 47,038 8,043,498 Lincoln Electric Holdings, Inc. 132,361 11,549,821 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Lindsay Corp. 10,381 $ 951,626 Lockheed Martin Corp. 182,244 53,238,940 LS Starrett Co. (The) Class A 4,692 37,536 # LSC Communications, Inc. 52,522 1,122,920 LSI Industries, Inc. 42,399 354,880 * Lydall, Inc. 31,173 1,543,064 Macquarie Infrastructure Corp. 91,990 6,973,762 * Manitex International, Inc. 2,000 14,140 #* Manitowoc Co., Inc. (The) 274,119 1,565,219 ManpowerGroup, Inc. 103,718 11,113,384 Marten Transport, Ltd. 77,240 1,231,978 Masco Corp. 224,348 8,554,389 * Masonite International Corp. 32,933 2,557,247 #* MasTec, Inc. 183,757 8,489,573 * Mastech Digital, Inc. 1,412 13,329 Matson, Inc. 94,649 2,669,102 Matthews International Corp. Class A 54,783 3,591,026 McGrath RentCorp 40,922 1,453,959 #* Mercury Systems, Inc. 63,772 2,800,229 #* Meritor, Inc. 166,076 2,869,793 #* Middleby Corp. (The) 52,258 6,829,075 #* Milacron Holdings Corp. 12,450 223,851 Miller Industries, Inc. 13,401 349,766 * Mistras Group, Inc. 40,817 822,463 # Mobile Mini, Inc. 88,284 2,719,147 * Moog, Inc. Class A 65,670 4,880,594 * Moog, Inc. Class B 3,215 242,154 * MRC Global, Inc. 206,462 3,373,589 MSA Safety, Inc. 62,251 4,990,040 MSC Industrial Direct Co., Inc. Class A 88,484 6,300,946 # Mueller Industries, Inc. 116,421 3,667,261 Mueller Water Products, Inc. Class A 374,745 4,347,042 # Multi-Color Corp. 27,697 2,229,609 * MYR Group, Inc. 41,710 1,326,795 National Presto Industries, Inc. 6,067 686,178 * Navigant Consulting, Inc. 82,825 1,402,227 #* Navistar International Corp. 78,558 2,417,230 * NCI Building Systems, Inc. 107,025 1,926,450 Nielsen Holdings P.L.C. 389,313 16,744,352 * NL Industries, Inc. 60,141 469,100 NN, Inc. 51,020 1,413,254 # Nordson Corp. 81,210 10,313,670 Norfolk Southern Corp. 190,476 21,443,788 Northrop Grumman Corp. 117,671 30,962,770 * Northwest Pipe Co. 9,070 137,048 #* NOW, Inc. 156,942 2,500,086 #* NV5 Global, Inc. 12,199 506,868 Old Dominion Freight Line, Inc. 139,048 13,336,094 # Omega Flex, Inc. 4,888 293,476 * On Assignment, Inc. 103,437 5,094,272 Orbital ATK, Inc. 104,768 10,705,194 #* Orion Energy Systems, Inc. 19,776 22,940 * Orion Group Holdings, Inc. 13,198 92,650 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Oshkosh Corp. 135,061 $ 9,300,300 Owens Corning 170,081 11,403,931 PACCAR, Inc. 284,837 19,497,093 * PAM Transportation Services, Inc. 2,984 52,310 Park-Ohio Holdings Corp. 18,149 721,423 Parker-Hannifin Corp. 121,820 20,219,684 * Patrick Industries, Inc. 39,649 3,017,289 * Patriot Transportation Holding, Inc. 1,454 29,087 * Pendrell Corp. 10,317 72,013 # Pentair P.L.C. 190,472 12,013,069 * Performant Financial Corp. 57,241 114,482 * Perma-Pipe International Holdings, Inc. 3,034 23,969 #* PGT Innovations, Inc. 119,654 1,555,502 # Pitney Bowes, Inc. 251,956 3,965,787 #* Plug Power, Inc. 784 1,772 * Ply Gem Holdings, Inc. 57,977 1,014,598 Powell Industries, Inc. 12,017 382,741 #* Power Solutions International, Inc. 4,237 42,370 Preformed Line Products Co. 4,237 206,427 Primoris Services Corp. 93,404 2,327,628 #* Proto Labs, Inc. 29,748 2,198,377 # Quad/Graphics, Inc. 65,267 1,465,897 Quanex Building Products Corp. 70,553 1,516,890 * Quanta Services, Inc. 288,918 9,745,204 #* Radiant Logistics, Inc. 62,655 271,296 Raven Industries, Inc. 54,019 1,858,254 Raytheon Co. 138,864 23,852,669 #* RBC Bearings, Inc. 39,263 4,057,438 * RCM Technologies, Inc. 7,192 38,261 Regal Beloit Corp. 84,675 7,057,661 Republic Services, Inc. 290,634 18,664,515 Resources Connection, Inc. 63,541 848,272 * Rexnord Corp. 212,028 4,910,568 * Roadrunner Transportation Systems, Inc. 46,553 324,940 Robert Half International, Inc. 176,784 7,999,476 Rockwell Automation, Inc. 111,304 18,368,499 Rockwell Collins, Inc. 199,758 21,280,220 # Rollins, Inc. 170,172 7,387,167 Roper Technologies, Inc. 53,646 12,470,549 * RPX Corp. 101,912 1,393,137 # RR Donnelley & Sons Co. 79,108 977,775 * Rush Enterprises, Inc. Class A 61,341 2,645,637 * Rush Enterprises, Inc. Class B 7,381 300,259 Ryder System, Inc. 138,626 10,086,428 * Saia, Inc. 52,384 2,847,070 #* Sensata Technologies Holding NV 239,471 10,804,932 Servotronics, Inc. 389 3,691 * SIFCO Industries, Inc. 3,251 21,782 # Simpson Manufacturing Co., Inc. 86,676 3,838,880 SkyWest, Inc. 100,757 3,677,630 # Snap-on, Inc. 66,677 10,281,593 Southwest Airlines Co. 529,313 29,382,165 * SP Plus Corp. 13,087 427,945 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Sparton Corp. 7,073 $ 163,103 Spartan Motors, Inc. 29,707 262,907 Spirit Aerosystems Holdings, Inc. Class A 210,309 12,708,973 * Spirit Airlines, Inc. 155,695 6,048,751 * SPX Corp. 58,993 1,623,487 * SPX FLOW, Inc. 72,179 2,559,467 Standex International Corp. 23,161 2,222,298 Stanley Black & Decker, Inc. 145,011 20,401,598 Steelcase, Inc. Class A 164,114 2,240,156 #* Stericycle, Inc. 119,716 9,227,709 * Sterling Construction Co., Inc. 33,933 433,664 # Sun Hydraulics Corp. 34,687 1,434,654 Supreme Industries, Inc. Class A 26,083 392,288 #* Swift Transportation Co. 197,760 5,042,880 #* Team, Inc. 45,855 658,019 #* Teledyne Technologies, Inc. 61,440 8,376,730 Tennant Co. 30,089 2,273,224 # Terex Corp. 165,675 6,522,625 Tetra Tech, Inc. 104,205 4,944,527 Textainer Group Holdings, Ltd. 50,784 822,701 Textron, Inc. 327,906 16,110,022 * Thermon Group Holdings, Inc. 48,129 860,065 Timken Co. (The) 133,764 6,086,262 # Titan International, Inc. 84,868 1,082,067 * Titan Machinery, Inc. 46,779 835,005 Toro Co. (The) 134,378 9,552,932 # TransDigm Group, Inc. 34,893 9,844,711 * TransUnion 145,544 6,670,282 #* Trex Co., Inc. 48,428 3,642,270 * TriMas Corp. 63,556 1,547,589 * TriNet Group, Inc. 86,978 3,044,230 Trinity Industries, Inc. 314,663 8,624,913 Triton International, Ltd. 67,001 2,416,056 # Triumph Group, Inc. 112,804 2,887,782 * TrueBlue, Inc. 67,744 1,730,859 #* Tutor Perini Corp. 98,895 2,630,607 * Twin Disc, Inc. 10,923 184,817 * Ultralife Corp. 11,666 80,495 # UniFirst Corp. 25,825 3,673,606 Union Pacific Corp. 498,031 51,277,272 * United Continental Holdings, Inc. 377,139 25,524,768 United Parcel Service, Inc. Class B 476,456 52,548,332 * United Rentals, Inc. 157,400 18,724,304 United Technologies Corp. 488,680 57,942,788 #* Univar, Inc. 189,085 5,869,198 Universal Forest Products, Inc. 41,925 3,515,411 Universal Logistics Holdings, Inc. 12,449 181,133 # US Ecology, Inc. 36,270 1,882,413 * USA Truck, Inc. 11,153 103,277 #* USG Corp. 270,442 7,312,752 Valmont Industries, Inc. 41,205 6,292,003 * Vectrus, Inc. 23,452 797,603 #* Verisk Analytics, Inc. 148,655 12,971,635 * Veritiv Corp. 3,055 113,493 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Industrials -- (Continued) * Versar, Inc. 4,038 $ 4,724 Viad Corp. 39,505 2,115,493 * Vicor Corp. 15,288 271,362 * Virco Manufacturing Corp. 6,445 35,125 * Volt Information Sciences, Inc. 11,950 43,618 # VSE Corp. 13,070 677,680 # Wabash National Corp. 145,289 2,772,114 #* WABCO Holdings, Inc. 57,799 7,951,408 # Wabtec Corp. 90,925 6,852,108 Waste Management, Inc. 307,915 23,139,812 # Watsco, Inc. 60,261 9,085,551 Watsco, Inc. Class B 2,268 345,314 Watts Water Technologies, Inc. Class A 49,780 3,205,832 #* Welbilt, Inc. 279,653 5,450,437 # Werner Enterprises, Inc. 163,568 4,849,791 #* Wesco Aircraft Holdings, Inc. 125,124 1,357,595 * WESCO International, Inc. 95,193 4,878,641 West Corp. 128,886 3,012,066 #* Willdan Group, Inc. 12,531 421,167 * Willis Lease Finance Corp. 4,420 111,738 Woodward, Inc. 104,923 7,338,315 # WW Grainger, Inc. 63,081 10,518,126 #* Xerium Technologies, Inc. 1,300 9,451 #* XPO Logistics, Inc. 235,493 14,155,484 # Xylem, Inc. 208,863 11,848,798 #* YRC Worldwide, Inc. 49,729 660,898 -------------- Total Industrials 2,580,946,940 -------------- Information Technology -- (18.8%) #* 3D Systems Corp. 50,584 849,811 Accenture P.L.C. Class A 431,332 55,564,188 #* ACI Worldwide, Inc. 219,858 5,094,110 Activision Blizzard, Inc. 274,896 16,983,075 * Actua Corp. 91,383 1,233,670 * Acxiom Corp. 123,763 3,337,888 * ADDvantage Technologies Group, Inc. 3,642 5,536 * Adobe Systems, Inc. 200,182 29,324,661 ADTRAN, Inc. 72,314 1,695,763 * Advanced Energy Industries, Inc. 81,841 5,937,565 #* Advanced Micro Devices, Inc. 1,110,469 15,113,483 * Agilysys, Inc. 32,960 331,578 * Akamai Technologies, Inc. 216,969 10,227,919 # Alliance Data Systems Corp. 57,136 13,794,344 * Alpha & Omega Semiconductor, Ltd. 42,500 752,250 * Alphabet, Inc. Class A 110,115 104,113,732 * Alphabet, Inc. Class C 115,533 107,503,456 * Ambarella, Inc. 3,082 154,254 Amdocs, Ltd. 141,569 9,509,190 American Software, Inc. Class A 32,164 311,991 * Amkor Technology, Inc. 487,751 5,057,978 Amphenol Corp. Class A 204,490 15,668,024 * Amtech Systems, Inc. 9,582 84,609 Analog Devices, Inc. 182,326 14,405,577 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) #* Angie's List, Inc. 20,945 $ 250,921 * Anixter International, Inc. 60,169 4,738,309 #* ANSYS, Inc. 61,666 7,988,830 Apple, Inc. 3,773,764 561,271,920 Applied Materials, Inc. 613,408 27,180,108 #* Applied Optoelectronics, Inc. 9,891 964,274 * Arista Networks, Inc. 63,586 9,492,754 #* ARRIS International P.L.C. 315,728 8,827,755 * Arrow Electronics, Inc. 122,512 9,959,000 #* Aspen Technology, Inc. 150,726 8,571,788 AstroNova, Inc. 4,620 63,756 * Asure Software, Inc. 11,632 152,612 * Autobytel, Inc. 16,158 177,900 #* Autodesk, Inc. 70,540 7,815,127 Automatic Data Processing, Inc. 312,554 37,165,796 * Aviat Networks, Inc. 3,930 73,923 #* Avid Technology, Inc. 72,700 374,405 Avnet, Inc. 160,972 6,178,105 AVX Corp. 115,709 2,067,720 * Aware, Inc. 12,087 55,600 * Axcelis Technologies, Inc. 53,851 1,195,492 * AXT, Inc. 77,517 678,274 # Badger Meter, Inc. 47,118 2,132,089 * Bankrate, Inc. 100,286 1,393,975 * Barracuda Networks, Inc. 77,010 1,730,415 * Bazaarvoice, Inc. 36,654 172,274 Bel Fuse, Inc. Class A 1,700 36,890 # Bel Fuse, Inc. Class B 9,848 248,662 # Belden, Inc. 85,174 6,127,418 * Benchmark Electronics, Inc. 61,271 2,061,769 Black Box Corp. 36,076 285,000 #* Black Knight Financial Services, Inc. Class A 30,295 1,287,537 # Blackbaud, Inc. 57,054 5,268,366 #* Blackhawk Network Holdings, Inc. 101,287 4,421,178 #* Blucora, Inc. 54,213 1,214,371 Booz Allen Hamilton Holding Corp. 222,103 7,618,133 * Bottomline Technologies de, Inc. 23,728 675,773 Broadcom, Ltd. 141,995 35,024,487 Broadridge Financial Solutions, Inc. 160,983 12,212,170 * BroadVision, Inc. 3,362 13,952 Brocade Communications Systems, Inc. 690,931 8,726,459 Brooks Automation, Inc. 124,193 3,050,180 * BSQUARE Corp. 18,279 104,190 CA, Inc. 577,969 17,940,158 Cabot Microelectronics Corp. 45,057 3,340,977 * CACI International, Inc. Class A 46,507 5,818,026 * Cadence Design Systems, Inc. 259,421 9,572,635 #* CalAmp Corp. 61,302 1,170,868 * Calix, Inc. 102,448 701,769 #* Carbonite, Inc. 41,674 983,506 #* Cardtronics P.L.C. Class A 113,077 3,539,310 #* Cars.com, Inc. 183,022 4,447,435 Cass Information Systems, Inc. 12,548 827,666 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* Cavium, Inc. 57,773 $ 3,578,460 CDK Global, Inc. 129,754 8,535,218 # CDW Corp. 227,928 14,457,473 #* Ceva, Inc. 27,322 1,263,642 #* Ciena Corp. 224,805 5,788,729 #* Cimpress NV 43,044 3,798,203 #* Cirrus Logic, Inc. 127,519 7,834,767 Cisco Systems, Inc. 2,611,598 82,134,757 * Citrix Systems, Inc. 113,291 8,947,723 * Clearfield, Inc. 8,284 95,266 Cognex Corp. 92,335 8,777,365 Cognizant Technology Solutions Corp. Class A 316,478 21,938,255 #* Coherent, Inc. 41,073 10,884,345 Cohu, Inc. 46,271 843,058 * CommerceHub, Inc. Series A 18,978 346,159 * CommerceHub, Inc. Series C 25,949 466,563 * CommScope Holding Co., Inc. 253,392 9,319,758 Communications Systems, Inc. 7,990 34,357 Computer Task Group, Inc. 12,978 71,639 Comtech Telecommunications Corp. 48,098 865,764 Concurrent Computer Corp. 5,951 40,110 #* Conduent, Inc. 220,882 3,646,762 #* Control4 Corp. 16,874 385,571 # Convergys Corp. 147,243 3,529,415 * CoreLogic, Inc. 160,260 7,299,843 Corning, Inc. 508,963 14,831,182 #* CoStar Group, Inc. 19,322 5,324,177 #* Cray, Inc. 78,150 1,609,890 * Cree, Inc. 143,096 3,707,617 CSG Systems International, Inc. 69,084 2,856,623 CSP, Inc. 709 7,274 CSRA, Inc. 240,207 7,833,150 CTS Corp. 54,790 1,205,380 #* CyberOptics Corp. 7,576 125,004 # Cypress Semiconductor Corp. 562,397 7,986,037 # Daktronics, Inc. 85,718 838,322 * Data I/O Corp. 5,350 42,051 * Dell Technologies, Inc. Class V 106,429 6,840,192 * DHI Group, Inc. 120,463 265,019 # Diebold Nixdorf, Inc. 114,072 2,669,285 * Digi International, Inc. 28,183 294,512 * Diodes, Inc. 70,689 1,875,379 Dolby Laboratories, Inc. Class A 99,849 5,167,186 * DSP Group, Inc. 25,535 321,741 DST Systems, Inc. 126,412 6,940,019 DXC Technology Co. 313,151 24,544,775 * eBay, Inc. 639,896 22,863,484 # Ebix, Inc. 29,226 1,687,801 * EchoStar Corp. Class A 83,320 5,060,024 * Edgewater Technology, Inc. 5,900 41,831 * Electro Scientific Industries, Inc. 44,149 381,889 * Electronic Arts, Inc. 180,505 21,072,154 #* Electronics for Imaging, Inc. 72,562 3,525,062 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) #* Ellie Mae, Inc. 26,378 $ 2,300,689 #* eMagin Corp. 9,611 24,989 # Emcore Corp. 38,852 450,683 * EnerNOC, Inc. 46,525 355,916 * Entegris, Inc. 230,948 6,027,743 #* Envestnet, Inc. 19,414 758,117 * EPAM Systems, Inc. 65,232 5,605,386 #* ePlus, Inc. 29,208 2,362,927 #* Euronet Worldwide, Inc. 88,415 8,541,773 * Everi Holdings, Inc. 114,549 854,536 * ExlService Holdings, Inc. 50,603 2,912,203 * Extreme Networks, Inc. 107,859 948,081 * F5 Networks, Inc. 52,639 6,356,159 #* Fabrinet 68,328 3,075,443 * Facebook, Inc. Class A 1,153,083 195,159,298 # Fair Isaac Corp. 50,896 7,255,225 #* FARO Technologies, Inc. 19,158 756,741 Fidelity National Information Services, Inc. 189,769 17,310,728 * Finisar Corp. 206,293 5,615,295 * Finjan Holdings, Inc. 42,204 132,521 #* FireEye, Inc. 93,040 1,361,175 #* First Data Corp. Class A 259,689 4,845,797 #* First Solar, Inc. 198,727 9,799,228 * Fiserv, Inc. 159,078 20,441,523 #* Fitbit, Inc. Class A 129,751 669,515 * FleetCor Technologies, Inc. 79,788 12,132,563 * Flex, Ltd. 1,004,906 16,068,447 FLIR Systems, Inc. 236,331 8,819,873 * FormFactor, Inc. 121,379 1,590,065 Forrester Research, Inc. 29,137 1,188,790 #* Fortinet, Inc. 82,716 3,053,048 * Frequency Electronics, Inc. 5,169 44,453 * Gartner, Inc. 80,936 10,385,708 # Genpact, Ltd. 313,167 9,081,843 Global Payments, Inc. 199,893 18,863,902 GlobalSCAPE, Inc. 7,843 39,999 #* Globant SA 12,124 557,340 * Glu Mobile, Inc. 17,431 47,587 * GoDaddy, Inc. Class A 56,115 2,411,823 #* GrubHub, Inc. 73,138 3,373,856 * GSE Systems, Inc. 10,738 30,066 * GSI Technology, Inc. 18,088 131,319 #* GTT Communications, Inc. 97,319 2,973,095 #* Guidewire Software, Inc. 62,049 4,477,456 Hackett Group, Inc. (The) 73,423 1,205,606 #* Harmonic, Inc. 200,994 824,075 Harris Corp. 137,327 15,719,822 Hewlett Packard Enterprise Co. 1,389,866 24,336,554 HP, Inc. 1,061,481 20,274,287 * IAC/InterActiveCorp 109,298 11,435,850 * ID Systems, Inc. 7,118 48,616 * Identiv, Inc. 2,956 15,105 * IEC Electronics Corp. 5,002 19,658 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * II-VI, Inc. 112,721 $ 4,294,670 #* Immersion Corp. 9,931 84,811 #* Infinera Corp. 224,185 2,629,690 * Innodata, Inc. 13,032 22,154 #* Inphi Corp. 6,295 241,728 #* Inseego Corp. 23,600 27,848 * Insight Enterprises, Inc. 58,204 2,358,426 #* Integrated Device Technology, Inc. 185,692 4,853,989 Intel Corp. 3,566,951 126,519,752 # InterDigital, Inc. 79,157 5,766,587 #* Internap Corp. 96,861 368,072 International Business Machines Corp. 638,815 92,417,366 * inTEST Corp. 9,856 85,747 * Intevac, Inc. 16,827 190,986 * IntriCon Corp. 2,604 19,530 Intuit, Inc. 164,065 22,511,359 #* IPG Photonics Corp. 77,366 11,809,146 * Iteris, Inc. 3,700 23,273 * Itron, Inc. 62,866 4,589,218 IXYS Corp. 65,386 1,137,716 # j2 Global, Inc. 99,565 8,426,186 Jabil, Inc. 414,762 12,650,241 # Jack Henry & Associates, Inc. 99,725 10,702,487 Juniper Networks, Inc. 379,208 10,598,864 * Kemet Corp. 71,691 1,207,993 * Key Tronic Corp. 8,234 59,861 * Keysight Technologies, Inc. 252,629 10,506,840 * Kimball Electronics, Inc. 23,751 461,957 KLA-Tencor Corp. 150,299 13,922,196 * Knowles Corp. 106,192 1,608,809 #* Kopin Corp. 52,846 200,815 * Kulicke & Soffa Industries, Inc. 150,023 3,231,495 * KVH Industries, Inc. 14,698 160,208 # Lam Research Corp. 159,996 25,512,962 * Lattice Semiconductor Corp. 158,683 1,104,434 * Leaf Group, Ltd. 41,223 311,234 Leidos Holdings, Inc. 192,590 10,292,010 * LGL Group, Inc. (The) 964 4,405 * Limelight Networks, Inc. 118,033 403,673 * Liquidity Services, Inc. 16,992 115,546 # Littelfuse, Inc. 27,332 4,924,680 LogMeIn, Inc. 76,343 8,890,142 #* Lumentum Holdings, Inc. 80,502 5,039,425 * Luxoft Holding, Inc. 21,853 1,375,646 #* MACOM Technology Solutions Holdings, Inc. 60,692 3,674,901 #* MagnaChip Semiconductor Corp. 57,288 624,439 #* Manhattan Associates, Inc. 90,379 3,994,752 ManTech International Corp. Class A 53,867 2,139,597 * Marchex, Inc. Class B 18,835 54,622 Marvell Technology Group, Ltd. 473,422 7,366,446 Mastercard, Inc. Class A 674,690 86,225,382 #* Match Group, Inc. 64,297 1,173,420 Maxim Integrated Products, Inc. 193,944 8,812,815 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) MAXIMUS, Inc. 126,071 $ 7,609,646 #* MaxLinear, Inc. 87,159 2,283,566 * Maxwell Technologies, Inc. 30,742 179,841 #* Meet Group, Inc.(The) 55,452 278,369 # Mesa Laboratories, Inc. 4,432 640,557 # Methode Electronics, Inc. 76,679 3,047,990 # Microchip Technology, Inc. 166,167 13,300,007 * Micron Technology, Inc. 1,291,849 36,326,794 * Microsemi Corp. 208,250 10,845,660 Microsoft Corp. 4,418,099 321,195,797 * MicroStrategy, Inc. Class A 16,146 2,171,798 MKS Instruments, Inc. 96,884 8,104,347 * ModusLink Global Solutions, Inc. 50,605 85,016 #* MoneyGram International, Inc. 47,724 778,856 # Monolithic Power Systems, Inc. 30,293 3,099,580 Monotype Imaging Holdings, Inc. 45,714 861,709 Motorola Solutions, Inc. 103,158 9,354,367 # MTS Systems Corp. 31,360 1,652,672 * Nanometrics, Inc. 44,106 1,175,425 * Napco Security Technologies, Inc. 8,159 74,655 # National Instruments Corp. 156,843 6,452,521 * NCI, Inc. Class A 5,908 117,865 #* NCR Corp. 273,638 10,357,198 #* NeoPhotonics Corp. 73,915 596,494 NetApp, Inc. 297,563 12,920,185 #* NETGEAR, Inc. 56,752 2,718,421 #* Netscout Systems, Inc. 100,047 3,451,621 #* NeuStar, Inc. Class A 51,089 1,706,373 NIC, Inc. 83,411 1,355,429 * Novanta, Inc. 44,144 1,628,914 * Nuance Communications, Inc. 427,630 7,397,999 #* Numerex Corp. Class A 7,300 34,566 NVE Corp. 5,036 397,240 NVIDIA Corp. 374,667 60,887,134 #* Oclaro, Inc. 209,772 2,051,570 * ON Semiconductor Corp. 845,280 12,636,936 #* Onvia, Inc. 442 1,989 * Optical Cable Corp. 3,696 8,316 Oracle Corp. 1,503,664 75,077,944 #* OSI Systems, Inc. 33,569 2,684,513 #* Palo Alto Networks, Inc. 28,589 3,767,458 * PAR Technology Corp. 8,654 77,540 Park Electrochemical Corp. 28,973 544,403 Paychex, Inc. 261,314 15,117,015 #* Paycom Software, Inc. 82,759 5,800,578 * PayPal Holdings, Inc. 454,110 26,588,140 PC Connection, Inc. 28,787 742,705 PC-Tel, Inc. 13,527 96,177 * PCM, Inc. 14,146 175,057 #* PDF Solutions, Inc. 35,964 577,222 # Pegasystems, Inc. 97,633 5,901,915 * Perceptron, Inc. 7,250 52,635 * Perficient, Inc. 52,101 979,499 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* PFSweb, Inc. 23,457 $ 183,434 * Photronics, Inc. 103,755 1,042,738 * Pixelworks, Inc. 33,493 155,408 Plantronics, Inc. 56,898 2,570,652 * Plexus Corp. 59,289 3,178,483 Power Integrations, Inc. 31,822 2,248,224 * PRGX Global, Inc. 24,971 156,069 Progress Software Corp. 79,878 2,556,895 #* Proofpoint, Inc. 12,272 1,046,065 * PTC, Inc. 78,435 4,328,828 QAD, Inc. Class A 14,038 440,091 QAD, Inc. Class B 1,959 50,816 #* Qorvo, Inc. 118,473 8,122,509 QUALCOMM, Inc. 893,250 47,511,967 * Qualys, Inc. 45,374 1,821,766 * QuinStreet, Inc. 33,721 131,175 * Qumu Corp. 6,460 16,731 #* Radisys Corp. 20,449 49,896 #* Rambus, Inc. 163,113 2,102,527 * RealNetworks, Inc. 129,142 561,768 #* RealPage, Inc. 84,991 3,293,401 * Red Hat, Inc. 108,478 10,725,220 Reis, Inc. 6,081 130,133 Relm Wireless Corp. 1,238 4,395 # RF Industries, Ltd. 4,931 9,122 Richardson Electronics, Ltd. 9,355 54,820 * Rogers Corp. 32,257 3,805,358 * Rosetta Stone, Inc. 20,764 215,115 * Rubicon Project, Inc. (The) 15,761 74,077 * Rudolph Technologies, Inc. 67,409 1,668,373 # Sabre Corp. 228,138 5,048,694 * salesforce.com, Inc. 127,384 11,566,467 * Sanmina Corp. 145,858 5,229,009 * ScanSource, Inc. 42,666 1,689,574 Science Applications International Corp. 88,695 6,245,015 #* Seachange International, Inc. 67,724 192,336 # Seagate Technology P.L.C. 284,827 9,387,898 * Semtech Corp. 84,669 3,352,892 #* ServiceNow, Inc. 50,177 5,542,050 #* ServiceSource International, Inc. 21,415 81,377 * Sevcon, Inc. 613 13,394 * ShoreTel, Inc. 86,204 642,220 #* Shutterstock, Inc. 36,899 1,554,924 * Sigma Designs, Inc. 62,735 407,778 * Silicon Laboratories, Inc. 48,772 3,662,777 #* Silver Spring Networks, Inc. 46,408 524,874 # Skyworks Solutions, Inc. 202,077 21,191,815 * SMTC Corp. 10,077 12,294 * SolarEdge Technologies, Inc. 5,408 124,114 * Sonus Networks, Inc. 102,752 701,796 #* Splunk, Inc. 35,243 2,114,932 # SS&C Technologies Holdings, Inc. 221,280 8,576,813 #* Stamps.com, Inc. 17,778 2,632,922 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * StarTek, Inc. 26,723 $ 328,693 * Stratasys, Ltd. 101,170 2,427,068 #* SunPower Corp. 157,758 1,757,424 #* Super Micro Computer, Inc. 75,755 2,034,022 * Sykes Enterprises, Inc. 81,250 2,762,500 Symantec Corp. 456,673 14,152,296 #* Synaptics, Inc. 63,132 3,321,375 #* Synchronoss Technologies, Inc. 69,499 1,173,143 SYNNEX Corp. 83,798 9,965,258 * Synopsys, Inc. 151,144 11,573,096 # Syntel, Inc. 102,911 2,005,735 # Systemax, Inc. 31,896 577,956 #* Tableau Software, Inc. Class A 45,081 2,905,470 #* Take-Two Interactive Software, Inc. 155,298 12,343,085 TE Connectivity, Ltd. 220,498 17,725,834 #* Tech Data Corp. 85,280 8,732,672 * TechTarget, Inc. 800 7,672 * Telenav, Inc. 57,056 427,920 TeleTech Holdings, Inc. 75,674 3,163,173 #* Teradata Corp. 260,120 8,277,018 Teradyne, Inc. 320,745 11,094,570 Tessco Technologies, Inc. 6,747 90,072 Texas Instruments, Inc. 713,111 58,032,973 TiVo Corp. 223,612 4,382,795 Total System Services, Inc. 177,644 11,273,288 TransAct Technologies, Inc. 5,192 45,949 Travelport Worldwide, Ltd. 205,905 2,944,441 * Travelzoo 2,163 22,712 #* Trimble, Inc. 207,762 7,776,532 * Trio-Tech International 1,525 7,152 TSR, Inc. 210 893 #* TTM Technologies, Inc. 223,697 3,887,854 #* Twitter, Inc. 415,568 6,686,489 #* Tyler Technologies, Inc. 26,725 4,591,622 #* Ubiquiti Networks, Inc. 106,734 5,817,003 #* Ultimate Software Group, Inc. (The) 22,020 4,970,134 * Ultra Clean Holdings, Inc. 44,312 1,039,116 #* Unisys Corp. 67,045 858,176 # Universal Display Corp. 53,395 6,439,437 * Universal Security Instruments, Inc. 1,135 2,724 * Vantiv, Inc. Class A 164,337 10,443,616 * VASCO Data Security International, Inc. 33,262 449,037 * Veeco Instruments, Inc. 120,391 3,708,043 #* VeriFone Systems, Inc. 179,118 3,494,592 * Verint Systems, Inc. 96,837 3,839,587 #* VeriSign, Inc. 58,937 5,962,656 Versum Materials, Inc. 101,492 3,578,608 #* ViaSat, Inc. 83,900 5,544,951 #* Viavi Solutions, Inc. 291,852 3,201,616 #* Virtusa Corp. 46,771 1,550,459 # Visa, Inc. Class A 1,089,768 108,497,302 # Vishay Intertechnology, Inc. 270,925 4,836,011 * Vishay Precision Group, Inc. 12,209 213,658 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Information Technology -- (Continued) #* VMware, Inc. Class A 21,646 $ 2,006,801 Wayside Technology Group, Inc. 2,300 39,560 #* Web.com Group, Inc. 104,950 2,303,652 #* WebMD Health Corp. 76,433 5,063,686 Western Digital Corp. 222,792 18,964,055 # Western Union Co. (The) 409,314 8,083,951 * WEX, Inc. 73,310 7,967,331 * Wireless Telecom Group, Inc. 3,316 4,908 #* Workday, Inc. Class A 27,079 2,765,037 * Xcerra Corp. 51,972 504,648 Xerox Corp. 299,998 9,200,939 # Xilinx, Inc. 188,062 11,896,802 * XO Group, Inc. 40,052 732,151 Xperi Corp. 86,195 2,521,204 * Yelp, Inc. 18,262 594,063 YuMe, Inc. 33,780 146,605 #* Zebra Technologies Corp. Class A 116,648 11,865,435 * Zedge, Inc. Class B 13,473 27,889 * Zillow Group, Inc. Class A 65,799 2,989,249 #* Zillow Group, Inc. Class C 86,901 3,924,449 * Zix Corp. 61,620 328,435 * Zynga, Inc. Class A 1,253,567 4,525,377 -------------- Total Information Technology 3,970,173,919 -------------- Materials -- (4.1%) A Schulman, Inc. 47,725 1,255,167 #* AdvanSix, Inc. 30,481 1,020,504 Air Products & Chemicals, Inc. 108,415 15,411,192 #* AK Steel Holding Corp. 605,937 3,429,603 # Albemarle Corp. 146,918 17,013,104 Alcoa Corp. 102,410 3,727,724 # Allegheny Technologies, Inc. 123,332 2,335,908 * American Biltrite, Inc. 17 5,643 American Vanguard Corp. 47,804 846,131 # Ampco-Pittsburgh Corp. 7,591 109,690 # AptarGroup, Inc. 119,945 9,707,149 Ashland Global Holdings, Inc. 83,088 5,398,227 Avery Dennison Corp. 121,392 11,280,959 * Axalta Coating Systems, Ltd. 247,137 7,784,815 # Balchem Corp. 51,496 3,996,090 # Ball Corp. 307,011 12,863,761 Bemis Co., Inc. 188,007 7,965,857 * Berry Global Group, Inc. 166,395 9,331,432 * Boise Cascade Co. 76,334 2,316,737 Cabot Corp. 126,488 6,872,093 Calgon Carbon Corp. 89,756 1,436,096 # Carpenter Technology Corp. 93,424 3,777,132 Celanese Corp. Series A 155,423 14,947,030 #* Century Aluminum Co. 145,629 2,443,655 # CF Industries Holdings, Inc. 331,329 9,724,506 Chase Corp. 19,734 2,132,259 Chemours Co. (The) 216,580 10,311,374 * Clearwater Paper Corp. 32,774 1,610,842 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Materials -- (Continued) #* Cliffs Natural Resources, Inc. 437,109 $ 3,374,481 * Coeur Mining, Inc. 237,583 1,967,187 # Commercial Metals Co. 234,025 4,352,865 # Compass Minerals International, Inc. 66,949 4,622,828 * Contango ORE, Inc. 833 15,411 * Core Molding Technologies, Inc. 12,521 238,775 * Crown Holdings, Inc. 121,345 7,216,387 Deltic Timber Corp. 15,698 1,132,297 Domtar Corp. 123,625 4,828,792 Dow Chemical Co. (The) 592,463 38,059,823 Eagle Materials, Inc. 80,047 7,532,423 Eastman Chemical Co. 253,864 21,111,330 Ecolab, Inc. 149,649 19,704,284 EI du Pont de Nemours & Co. 376,704 30,968,836 * Ferro Corp. 174,620 3,359,689 # Ferroglobe P.L.C. 161,650 2,065,887 #* Flotek Industries, Inc. 48,593 409,153 # FMC Corp. 102,368 7,818,868 * Freeport-McMoRan, Inc. 1,736,072 25,381,373 Friedman Industries, Inc. 5,521 29,924 FutureFuel Corp. 56,896 828,406 #* GCP Applied Technologies, Inc. 103,585 3,138,625 # Gold Resource Corp. 6,700 28,408 Graphic Packaging Holding Co. 748,971 9,878,927 Greif, Inc. Class A 59,143 3,317,331 # Greif, Inc. Class B 14,528 870,227 * Handy & Harman, Ltd. 900 29,790 Hawkins, Inc. 13,707 616,130 # Haynes International, Inc. 16,009 500,762 # HB Fuller Co. 103,933 5,354,628 # Hecla Mining Co. 833,667 4,510,138 Huntsman Corp. 581,046 15,467,445 * Ingevity Corp. 64,036 3,746,106 Innophos Holdings, Inc. 37,956 1,585,422 Innospec, Inc. 45,703 2,851,867 # International Flavors & Fragrances, Inc. 56,870 7,573,947 International Paper Co. 383,796 21,101,104 #* Intrepid Potash, Inc. 264,936 802,756 # Kaiser Aluminum Corp. 20,375 1,982,284 KapStone Paper and Packaging Corp. 220,081 5,031,052 # KMG Chemicals, Inc. 24,948 1,262,868 * Koppers Holdings, Inc. 40,044 1,453,597 * Kraton Corp. 79,543 2,959,000 # Kronos Worldwide, Inc. 103,269 2,201,695 * Louisiana-Pacific Corp. 278,729 6,998,885 #* LSB Industries, Inc. 47,327 335,075 LyondellBasell Industries NV Class A 237,700 21,414,393 Martin Marietta Materials, Inc. 63,571 14,394,382 # Materion Corp. 44,060 1,694,107 # McEwen Mining, Inc. 136,545 356,382 Mercer International, Inc. 82,472 907,192 Minerals Technologies, Inc. 68,965 4,882,722 Monsanto Co. 249,633 29,162,127 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) # Mosaic Co. (The) 247,364 $ 5,971,367 Myers Industries, Inc. 92,066 1,565,122 # Neenah Paper, Inc. 35,228 2,814,717 # NewMarket Corp. 17,026 7,833,833 Newmont Mining Corp. 375,747 13,966,516 * Northern Technologies International Corp. 2,180 39,785 Nucor Corp. 431,650 24,893,255 Olin Corp. 386,022 11,379,929 Olympic Steel, Inc. 21,508 367,572 * OMNOVA Solutions, Inc. 71,601 673,049 #* Owens-Illinois, Inc. 358,100 8,558,590 Packaging Corp. of America 165,517 18,120,801 PH Glatfelter Co. 73,084 1,496,029 #* Platform Specialty Products Corp. 397,281 5,565,907 PolyOne Corp. 161,616 5,911,913 PPG Industries, Inc. 155,784 16,396,266 # Praxair, Inc. 174,232 22,678,037 Quaker Chemical Corp. 21,876 3,103,548 # Rayonier Advanced Materials, Inc. 72,577 1,082,123 Reliance Steel & Aluminum Co. 117,804 8,524,297 * Resolute Forest Products, Inc. 8,001 37,205 # Royal Gold, Inc. 96,739 8,383,402 RPM International, Inc. 143,993 7,468,917 * Ryerson Holding Corp. 20,813 180,032 # Schnitzer Steel Industries, Inc. Class A 54,806 1,413,995 Schweitzer-Mauduit International, Inc. 56,731 2,179,605 # Scotts Miracle-Gro Co. (The) 128,790 12,362,552 # Sealed Air Corp. 167,792 7,300,630 Sensient Technologies Corp. 69,070 5,136,045 Sherwin-Williams Co. (The) 47,803 16,122,518 # Silgan Holdings, Inc. 258,710 7,838,913 Sonoco Products Co. 209,690 10,165,771 Southern Copper Corp. 72,234 2,841,686 Steel Dynamics, Inc. 416,387 14,744,264 Stepan Co. 43,708 3,591,486 #* Summit Materials, Inc. Class A 202,374 5,755,517 * SunCoke Energy, Inc. 146,993 1,315,587 #* Synalloy Corp. 4,755 53,732 #* TimkenSteel Corp. 87,728 1,393,998 #* Trecora Resources 15,645 180,700 Tredegar Corp. 22,811 344,446 Trinseo SA 109,697 7,711,699 # Tronox, Ltd. Class A 106,107 2,056,354 * UFP Technologies, Inc. 1,701 49,074 United States Lime & Minerals, Inc. 4,011 325,773 # United States Steel Corp. 261,199 6,135,565 * Universal Stainless & Alloy Products, Inc. 5,675 107,825 #* US Concrete, Inc. 38,889 3,046,953 Valhi, Inc. 66,024 211,937 Valvoline, Inc. 201,343 4,564,446 Vulcan Materials Co. 125,932 15,504,748 Westlake Chemical Corp. 111,787 7,865,333 WestRock Co. 156,767 9,001,561 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) # Worthington Industries, Inc. 99,533 $ 5,043,337 WR Grace & Co. 98,122 6,766,493 ------------ Total Materials 868,627,828 ------------ Real Estate -- (0.3%) Alexander & Baldwin, Inc. 101,152 4,241,303 #* Altisource Asset Management Corp. 909 83,628 #* Altisource Portfolio Solutions SA 24,863 648,676 * Capital Properties, Inc. Class A 600 8,334 * CBRE Group, Inc. Class A 318,271 12,091,115 # CKX Lands, Inc. 743 8,507 # Colony NorthStar, Inc. Class A 251,966 3,688,782 # Consolidated-Tomoka Land Co. 7,084 392,737 * Forestar Group, Inc. 72,592 1,244,953 * FRP Holdings, Inc. 4,712 217,459 Griffin Industrial Realty, Inc. 2,756 88,716 # HFF, Inc. Class A 90,466 3,321,911 #* Howard Hughes Corp. (The) 57,991 7,295,848 * InterGroup Corp. (The) 200 5,180 Jones Lang LaSalle, Inc. 82,024 10,435,093 Kennedy-Wilson Holdings, Inc. 161,996 3,256,120 #* Marcus & Millichap, Inc. 46,941 1,201,690 * Maui Land & Pineapple Co., Inc. 14,194 246,266 # RE/MAX Holdings, Inc. Class A 21,081 1,225,860 # Realogy Holdings Corp. 265,358 8,809,886 #* St Joe Co. (The) 40,531 731,584 Stratus Properties, Inc. 2,912 83,429 #* Tejon Ranch Co. 19,893 417,355 * Trinity Place Holdings, Inc. 892 6,199 ------------ Total Real Estate 59,750,631 ------------ Telecommunication Services -- (2.1%) * Alaska Communications Systems Group, Inc. 30,523 68,677 AT&T, Inc. 5,431,922 211,844,958 ATN International, Inc. 20,718 1,201,644 * Boingo Wireless, Inc. 80,500 1,193,815 # CenturyLink, Inc. 966,163 22,482,613 #* Cincinnati Bell, Inc. 78,883 1,471,168 # Cogent Communications Holdings, Inc. 84,378 3,522,782 # Consolidated Communications Holdings, Inc. 133,754 2,407,572 # Frontier Communications Corp. 51,423 787,286 * General Communication, Inc. Class A 77,662 3,313,838 # IDT Corp. Class B 47,332 700,987 #* Iridium Communications, Inc. 57,785 574,961 * Level 3 Communications, Inc. 213,663 12,537,745 * Lumos Networks Corp. 35,138 629,322 * ORBCOMM, Inc. 89,471 1,038,758 # Shenandoah Telecommunications Co. 122,487 3,766,475 Spok Holdings, Inc. 22,770 373,428 #* Sprint Corp. 736,287 5,875,570 #* Straight Path Communications, Inc. Class B 5,292 949,385 * T-Mobile US, Inc. 223,702 13,793,465 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Telecommunication Services -- (Continued) Telephone & Data Systems, Inc. 167,991 $ 4,775,984 * United States Cellular Corp. 33,554 1,271,026 Verizon Communications, Inc. 2,907,126 140,704,898 * Vonage Holdings Corp. 304,681 2,013,941 # Windstream Holdings, Inc. 321,765 1,219,489 #* Zayo Group Holdings, Inc. 213,031 6,985,286 ------------ Total Telecommunication Services 445,505,073 ------------ Utilities -- (2.7%) AES Corp. 430,126 4,808,809 ALLETE, Inc. 81,432 5,966,523 Alliant Energy Corp. 130,306 5,281,302 Ameren Corp. 156,693 8,790,477 American Electric Power Co., Inc. 223,245 15,747,702 # American States Water Co. 60,676 3,000,428 American Water Works Co., Inc. 103,015 8,354,516 # Aqua America, Inc. 259,250 8,653,765 Artesian Resources Corp. Class A 9,426 366,577 # Atlantica Yield PLC 107,164 2,315,814 Atmos Energy Corp. 112,012 9,718,161 # Avangrid, Inc. 72,795 3,306,349 # Avista Corp. 102,979 5,417,725 # Black Hills Corp. 85,629 5,964,916 # California Water Service Group 79,007 3,073,372 * Calpine Corp. 611,257 8,789,876 CenterPoint Energy, Inc. 293,921 8,285,633 # Chesapeake Utilities Corp. 27,827 2,149,636 CMS Energy Corp. 162,183 7,499,342 # Connecticut Water Service, Inc. 19,991 1,139,087 # Consolidated Edison, Inc. 135,135 11,197,286 Consolidated Water Co., Ltd. 15,890 204,981 Delta Natural Gas Co., Inc. 3,458 105,227 # Dominion Energy, Inc. 295,204 22,783,845 DTE Energy Co. 118,655 12,703,204 Duke Energy Corp. 331,883 28,249,881 #* Dynegy, Inc. 177,880 1,597,362 Edison International 143,214 11,268,077 El Paso Electric Co. 68,677 3,564,336 Entergy Corp. 102,265 7,845,771 # Eversource Energy 196,244 11,929,673 Exelon Corp. 425,932 16,330,233 # FirstEnergy Corp. 251,792 8,034,683 Gas Natural, Inc. 3,269 42,334 # Genie Energy, Ltd. Class B 16,745 111,019 Great Plains Energy, Inc. 190,136 5,867,597 # Hawaiian Electric Industries, Inc. 178,633 5,893,103 # IDACORP, Inc. 88,451 7,638,628 # MDU Resources Group, Inc. 315,349 8,309,446 MGE Energy, Inc. 60,585 4,031,932 # Middlesex Water Co. 25,153 987,004 # National Fuel Gas Co. 137,628 8,148,954 # New Jersey Resources Corp. 139,499 5,879,883 NextEra Energy, Inc. 223,912 32,711,304 U.S. CORE EQUITY 1 PORTFOLIO CONTINUED SHARES VALUE+ ----------- --------------- Utilities -- (Continued) NiSource, Inc. 346,483 $ 9,029,347 # Northwest Natural Gas Co. 48,318 3,048,866 # NorthWestern Corp. 76,600 4,426,714 # NRG Energy, Inc. 627,398 15,446,539 # NRG Yield, Inc. Class A 53,616 977,420 # NRG Yield, Inc. Class C 99,000 1,841,400 OGE Energy Corp. 179,255 6,428,084 ONE Gas, Inc. 88,484 6,439,866 # Ormat Technologies, Inc. 75,366 4,469,204 Otter Tail Corp. 65,414 2,645,996 # Pattern Energy Group, Inc. 145,187 3,644,194 PG&E Corp. 231,480 15,668,881 Pinnacle West Capital Corp. 63,286 5,488,795 # PNM Resources, Inc. 134,561 5,362,256 Portland General Electric Co. 147,629 6,597,540 PPL Corp. 301,331 11,550,017 Public Service Enterprise Group, Inc. 217,041 9,760,334 RGC Resources, Inc. 2,295 61,621 # SCANA Corp. 86,628 5,576,244 # Sempra Energy 104,532 11,813,161 SJW Corp. 33,073 1,748,569 # South Jersey Industries, Inc. 132,982 4,517,399 Southern Co. (The) 467,659 22,414,896 Southwest Gas Holdings, Inc. 77,260 6,188,526 # Spark Energy, Inc. Class A 18,700 388,960 # Spire, Inc. 73,843 5,361,002 UGI Corp. 257,619 13,002,031 Unitil Corp. 23,811 1,208,408 Vectren Corp. 135,988 8,174,239 # WEC Energy Group, Inc. 193,857 12,207,175 Westar Energy, Inc. 168,421 8,547,366 # WGL Holdings, Inc. 77,603 6,652,129 Xcel Energy, Inc. 239,387 11,325,399 # York Water Co. (The) 18,233 634,508 --------------- Total Utilities 566,712,859 --------------- TOTAL COMMON STOCKS 19,121,314,677 --------------- RIGHTS/WARRANTS -- (0.0%) (degrees)* Dyax Corp. Contingent Value Rights 53,451 59,331 (degrees)#* Safeway Casa Ley Contingent Value Rights 213,913 217,100 (degrees)* Safeway PDC, LLC Contingent Value Rights 213,913 64 --------------- TOTAL RIGHTS/WARRANTS 276,495 --------------- TOTAL INVESTMENT SECURITIES 19,121,591,172 --------------- TEMPORARY CASH INVESTMENTS -- (1.0%) State Street Institutional U.S. Government Money Market Fund, 0.940% 206,584,877 206,584,877 --------------- SECURITIES LENDING COLLATERAL -- (8.7%) (S)@ DFA Short Term Investment Fund 159,736,343 1,848,468,963 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $15,127,212,966)^^ $21,176,645,012 =============== U.S. CORE EQUITY 1 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- -------------- ------- --------------- Common Stocks Consumer Discretionary $ 2,995,750,150 $ 69,806 -- $ 2,995,819,956 Consumer Staples 1,471,146,425 -- -- 1,471,146,425 Energy 841,019,467 -- -- 841,019,467 Financials 3,008,237,381 -- -- 3,008,237,381 Health Care 2,313,374,198 -- -- 2,313,374,198 Industrials 2,580,946,940 -- -- 2,580,946,940 Information Technology 3,970,173,919 -- -- 3,970,173,919 Materials 868,627,828 -- -- 868,627,828 Real Estate 59,750,631 -- -- 59,750,631 Telecommunication Services 445,505,073 -- -- 445,505,073 Utilities 566,712,859 -- -- 566,712,859 Rights/Warrants -- 276,495 -- 276,495 Temporary Cash Investments 206,584,877 -- -- 206,584,877 Securities Lending Collateral -- 1,848,468,963 -- 1,848,468,963 Futures Contracts** 2,379,572 -- -- 2,379,572 --------------- -------------- -- --------------- TOTAL $19,330,209,320 $1,848,815,264 -- $21,179,024,584 =============== ============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. U.S. CORE EQUITY 2 PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ------------ COMMON STOCKS -- (89.7%) Consumer Discretionary -- (13.4%) * 1-800-Flowers.com, Inc. Class A 108,326 $ 1,045,346 A.H. Belo Corp. Class A 28,956 153,467 Aaron's, Inc. 196,372 9,088,096 Abercrombie & Fitch Co. Class A 127,277 1,252,406 # Adient P.L.C. 127,062 8,318,749 # Adtalem Global Education, Inc. 175,697 5,710,152 # Advance Auto Parts, Inc. 89,706 10,047,969 * Amazon.com, Inc. 127,363 125,806,624 # AMC Entertainment Holdings, Inc. Class A 113,714 2,319,766 #* AMC Networks, Inc. Class A 86,109 5,506,671 AMCON Distributing Co. 668 64,763 * America's Car-Mart, Inc. 22,381 877,335 #* American Axle & Manufacturing Holdings, Inc. 297,980 4,392,225 # American Eagle Outfitters, Inc. 708,266 8,385,869 #* American Outdoor Brands Corp. 206,427 4,266,846 * American Public Education, Inc. 40,438 861,329 Aramark 455,604 18,160,375 Ark Restaurants Corp. 4,916 111,790 #* Asbury Automotive Group, Inc. 107,813 5,821,902 #* Ascena Retail Group, Inc. 514,817 1,204,672 * Ascent Capital Group, Inc. Class A 22,497 380,199 # Autoliv, Inc. 101,573 11,009,497 #* AutoNation, Inc. 242,238 10,266,046 #* AutoZone, Inc. 9,128 4,927,477 #* AV Homes, Inc. 16,627 266,863 * Ballantyne Strong, Inc. 17,770 120,836 * Barnes & Noble Education, Inc. 130,174 941,158 # Barnes & Noble, Inc. 235,166 1,916,603 Bassett Furniture Industries, Inc. 14,448 537,466 BBX Capital Corp. 4,406 27,141 # Beasley Broadcast Group, Inc. Class A 8,562 89,901 * Beazer Homes USA, Inc. 22,402 297,051 #* bebe stores, Inc. 1,950 11,427 # Bed Bath & Beyond, Inc. 306,673 9,169,523 #* Belmond, Ltd. Class A 321,715 4,198,381 # Best Buy Co., Inc. 790,787 46,134,514 # Big 5 Sporting Goods Corp. 53,318 573,169 # Big Lots, Inc. 230,147 11,431,401 #* Biglari Holdings, Inc. 575 215,234 #* BJ's Restaurants, Inc. 81,687 2,883,551 # Bloomin' Brands, Inc. 469,250 8,179,027 # Bob Evans Farms, Inc. 71,017 4,912,956 * Bojangles', Inc. 19,798 263,313 # BorgWarner, Inc. 290,662 13,585,542 Bowl America, Inc. Class A 3,937 57,565 # Boyd Gaming Corp. 77,977 1,954,104 #* Bravo Brio Restaurant Group, Inc. 59,705 205,982 * Bridgepoint Education, Inc. 122,296 1,187,494 * Bright Horizons Family Solutions, Inc. 101,625 8,029,391 # Brinker International, Inc. 88,962 3,155,482 Brunswick Corp. 230,054 13,023,357 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Discretionary -- (Continued) # Buckle, Inc. (The) 38,775 $ 663,052 #* Buffalo Wild Wings, Inc. 66,576 7,156,920 #* Build-A-Bear Workshop, Inc. 67,264 645,734 #* Burlington Stores, Inc. 70,265 6,115,163 * Cabela's, Inc. 205,079 11,685,401 Cable One, Inc. 13,616 10,346,798 # CalAtlantic Group, Inc. 336,275 11,803,252 Caleres, Inc. 124,653 3,400,534 Callaway Golf Co. 239,162 3,044,532 * Cambium Learning Group, Inc. 97,191 478,180 Canterbury Park Holding Corp. 3,298 38,257 Capella Education Co. 47,682 3,275,753 * Career Education Corp. 236,762 1,991,168 #* CarMax, Inc. 343,755 22,773,769 Carnival Corp. 238,796 15,946,797 # Carriage Services, Inc. 50,592 1,233,939 * Carrols Restaurant Group, Inc. 151,163 1,844,189 # Carter's, Inc. 108,662 9,424,255 # Cato Corp. (The) Class A 72,857 1,239,298 * Cavco Industries, Inc. 19,715 2,570,836 CBS Corp. Class B 246,063 16,198,327 CBS Corp. Class A 14,126 933,587 #* Central European Media Enterprises, Ltd. Class A 18,678 81,249 * Century Communities, Inc. 26,047 674,617 * Charter Communications, Inc. Class A 212,965 83,463,113 # Cheesecake Factory, Inc. (The) 166,222 7,908,843 * Cherokee, Inc. 12,360 64,890 # Chico's FAS, Inc. 449,836 4,115,999 # Children's Place, Inc. (The) 98,877 10,446,355 #* Chipotle Mexican Grill, Inc. 8,940 3,073,304 # Choice Hotels International, Inc. 62,906 4,066,873 #* Christopher & Banks Corp. 66,361 93,569 # Churchill Downs, Inc. 10,367 1,939,147 #* Chuy's Holdings, Inc. 58,889 1,386,836 # Cinemark Holdings, Inc. 414,604 16,128,096 Citi Trends, Inc. 47,540 1,053,011 Clear Channel Outdoor Holdings, Inc. Class A 55,873 283,276 ClubCorp Holdings, Inc. 191,578 3,247,247 # Coach, Inc. 392,398 18,497,642 Collectors Universe, Inc. 8,599 213,943 # Columbia Sportswear Co. 144,525 8,755,324 Comcast Corp. Class A 5,784,188 233,970,405 #* Conn's, Inc. 56,833 1,216,226 # Cooper Tire & Rubber Co. 200,843 7,340,812 #* Cooper-Standard Holdings, Inc. 57,536 5,883,631 # Core-Mark Holding Co., Inc. 130,456 4,783,822 # Cracker Barrel Old Country Store, Inc. 64,779 10,069,896 * Crocs, Inc. 168,395 1,337,056 CSS Industries, Inc. 8,600 230,222 Culp, Inc. 43,461 1,303,830 Dana, Inc. 602,666 14,295,238 Darden Restaurants, Inc. 187,715 15,745,534 #* Dave & Buster's Entertainment, Inc. 168,132 10,442,679 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Deckers Outdoor Corp. 101,871 $ 6,607,353 * Del Frisco's Restaurant Group, Inc. 29,868 424,126 #* Del Taco Restaurants, Inc. 27,031 353,836 Delphi Automotive P.L.C. 61,534 5,563,904 #* Delta Apparel, Inc. 15,491 325,776 #* Denny's Corp. 142,882 1,623,140 * Destination Maternity Corp. 23,762 36,356 #* Destination XL Group, Inc. 166,505 333,010 # Dick's Sporting Goods, Inc. 262,198 9,790,473 # Dillard's, Inc. Class A 112,391 8,296,704 # DineEquity, Inc. 78,710 3,238,129 #* Discovery Communications, Inc. Class A 290,981 7,158,133 * Discovery Communications, Inc. Class B 1,502 40,667 * Discovery Communications, Inc. Class C 327,189 7,567,882 * DISH Network Corp. Class A 55,771 3,571,017 * Dixie Group, Inc. (The) 15,615 66,364 # Dollar General Corp. 356,734 26,812,127 * Dollar Tree, Inc. 396,758 28,598,317 # Domino's Pizza, Inc. 62,851 11,721,711 #* Dorman Products, Inc. 95,202 7,433,372 Dover Motorsports, Inc. 9,156 18,770 DR Horton, Inc. 514,908 18,377,067 # DSW, Inc. Class A 203,607 3,673,070 # Dunkin' Brands Group, Inc. 122,838 6,514,099 # Educational Development Corp. 3,809 38,852 * El Pollo Loco Holdings, Inc. 861 11,193 #* Eldorado Resorts, Inc. 51,804 1,056,802 * Emerson Radio Corp. 26,350 33,465 # Entercom Communications Corp. Class A 45,939 452,499 Entravision Communications Corp. Class A 227,920 1,481,480 # Escalade, Inc. 12,111 149,571 # Ethan Allen Interiors, Inc. 70,669 2,264,941 #* Etsy, Inc. 15,497 222,692 #* EVINE Live, Inc. 82,152 97,761 #* EW Scripps Co. (The) Class A 164,813 3,238,575 # Expedia, Inc. 126,330 19,766,855 * Express, Inc. 296,365 1,795,972 Extended Stay America, Inc. 119,782 2,368,090 #* Famous Dave's of America, Inc. 10,924 38,234 #* Fiesta Restaurant Group, Inc. 50,216 843,629 # Finish Line, Inc. (The) Class A 120,957 1,664,368 #* Five Below, Inc. 106,962 5,167,334 Flanigan's Enterprises, Inc. 1,000 26,800 Flexsteel Industries, Inc. 10,771 602,961 # Foot Locker, Inc. 255,692 12,066,105 Ford Motor Co. 4,314,222 48,405,571 #* Fossil Group, Inc. 79,097 889,841 #* Fox Factory Holding Corp. 120,639 4,638,570 #* Francesca's Holdings Corp. 164,959 1,605,051 # Fred's, Inc. Class A 124,227 841,017 #* FTD Cos., Inc. 56,327 1,106,826 * Full House Resorts, Inc. 23,954 61,083 #* G-III Apparel Group, Ltd. 122,831 3,197,291 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) # GameStop Corp. Class A 328,166 $ 7,117,921 Gaming Partners International Corp. 751 7,991 # Gannett Co., Inc. 294,730 2,643,728 # Gap, Inc. (The) 785,913 18,728,307 # Garmin, Ltd. 147,695 7,412,812 General Motors Co. 1,628,062 58,577,671 #* Genesco, Inc. 53,583 1,720,014 Gentex Corp. 806,284 13,722,954 * Gentherm, Inc. 121,561 4,066,215 # Genuine Parts Co. 278,239 23,630,838 # Goodyear Tire & Rubber Co. (The) 519,098 16,356,778 #* GoPro, Inc. Class A 175,969 1,449,985 Graham Holdings Co. Class B 10,155 6,015,822 #* Grand Canyon Education, Inc. 170,995 12,580,102 * Gray Television, Inc. 160,249 2,387,710 * Gray Television, Inc. Class A 3,160 40,527 * Green Brick Partners, Inc. 5,108 57,465 # Group 1 Automotive, Inc. 66,734 3,974,010 # Guess?, Inc. 256,319 3,347,526 # H&R Block, Inc. 224,275 6,840,387 #* Habit Restaurants, Inc. (The) Class A 1,400 23,030 # Hanesbrands, Inc. 231,874 5,314,552 # Harley-Davidson, Inc. 354,723 17,264,368 * Harte-Hanks, Inc. 158,766 153,209 Hasbro, Inc. 54,628 5,784,013 Haverty Furniture Cos., Inc. 44,348 986,743 Haverty Furniture Cos., Inc. Class A 2,523 56,452 * Helen of Troy, Ltd. 79,201 7,979,501 * Hibbett Sports, Inc. 53,369 832,556 * Hilton Grand Vacations, Inc. 94,414 3,470,659 Hilton Worldwide Holdings, Inc. 159,269 9,959,091 Home Depot, Inc. (The) 351,666 52,609,234 Hooker Furniture Corp. 19,568 825,770 #* Horizon Global Corp. 40,146 559,635 * Houghton Mifflin Harcourt Co. 316,307 3,779,869 # HSN, Inc. 95,445 3,784,394 #* Hyatt Hotels Corp. Class A 55,001 3,056,406 #* Iconix Brand Group, Inc. 111,831 745,913 # ILG, Inc. 250,493 6,640,569 * IMAX Corp. 31,777 680,028 * Installed Building Products, Inc. 66,055 3,553,759 # International Game Technology P.L.C. 89,149 1,697,397 # Interpublic Group of Cos., Inc. (The) 644,476 13,927,126 * Intrawest Resorts Holdings, Inc. 1,250 29,688 #* iRobot Corp. 59,495 6,277,317 * J Alexander's Holdings, Inc. 19,556 206,316 # Jack in the Box, Inc. 60,844 5,643,889 #* JAKKS Pacific, Inc. 27,534 90,862 #* Jamba, Inc. 24,893 216,818 #* JC Penney Co., Inc. 949,228 5,135,323 # John Wiley & Sons, Inc. Class A 142,822 7,890,915 # John Wiley & Sons, Inc. Class B 7,502 415,161 Johnson Outdoors, Inc. Class A 20,061 1,013,482 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * K12, Inc. 84,300 $ 1,492,953 # KB Home 120,600 2,764,152 #* Kirkland's, Inc. 64,140 599,709 # Kohl's Corp. 409,264 16,923,066 #* Kona Grill, Inc. 11,997 31,792 * Koss Corp. 4,495 8,046 # L Brands, Inc. 53,144 2,465,350 * La Quinta Holdings, Inc. 325,154 4,848,046 La-Z-Boy, Inc. 153,912 5,202,226 * Lakeland Industries, Inc. 7,818 117,661 #* Lands' End, Inc. 37,689 508,802 Las Vegas Sands Corp. 158,830 9,785,516 (degrees)* Lazare Kaplan International, Inc. 3,667 516 # LCI Industries 104,215 11,124,951 Lear Corp. 154,791 22,938,478 #* Lee Enterprises, Inc. 46,810 86,599 # Leggett & Platt, Inc. 105,534 5,084,628 Lennar Corp. Class A 253,391 13,287,824 Lennar Corp. Class B 29,753 1,323,116 Libbey, Inc. 98,478 886,302 * Liberty Broadband Corp. Class A 43,290 4,282,247 * Liberty Broadband Corp. Class B 1,306 130,600 #* Liberty Broadband Corp. Class C 154,309 15,304,367 * Liberty Expedia Holdings, Inc. Class A 95,517 5,449,245 #* Liberty Interactive Corp., QVC Group Class A 477,554 11,432,643 #* Liberty Interactive Corp., QVC Group Class B 1,143 28,352 #* Liberty Media Corp.-Liberty Braves Class A 9,515 240,159 * Liberty Media Corp.-Liberty Braves Class B 522 14,428 * Liberty Media Corp.-Liberty Braves Class C 19,527 492,666 #* Liberty Media Corp.-Liberty Formula One Class A 23,788 802,845 #* Liberty Media Corp.-Liberty Formula One Class C 48,819 1,716,964 * Liberty Media Corp.-Liberty SiriusXM Class A 95,152 4,389,362 * Liberty Media Corp.-Liberty SiriusXM Class B 5,224 245,188 * Liberty Media Corp.-Liberty SiriusXM Class C 195,276 8,982,696 * Liberty TripAdvisor Holdings, Inc. Class A 167,829 1,971,991 * Liberty TripAdvisor Holdings, Inc. Class B 1,138 14,908 #* Liberty Ventures Series A 145,731 8,828,384 Lifetime Brands, Inc. 20,096 380,819 * Lindblad Expeditions Holdings, Inc. 2,732 27,347 # Lions Gate Entertainment Corp. Class A 114,365 3,362,331 * Lions Gate Entertainment Corp. Class B 193,671 5,327,889 # Lithia Motors, Inc. Class A 90,092 9,301,999 #* Live Nation Entertainment, Inc. 355,758 13,259,101 * LKQ Corp. 381,999 13,201,885 Lowe's Cos., Inc. 315,012 24,381,929 * Luby's, Inc. 66,723 191,495 * Lululemon Athletica, Inc. 49,993 3,081,569 #* Lumber Liquidators Holdings, Inc. 34,916 862,774 #* M/I Homes, Inc. 73,907 1,917,148 # Macy's, Inc. 519,667 12,342,091 * Madison Square Garden Co. (The) Class A 41,354 9,086,301 * Malibu Boats, Inc. Class A 13,783 394,332 Marcus Corp. (The) 33,631 914,763 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) # Marine Products Corp. 27,683 $ 401,957 #* MarineMax, Inc. 64,238 960,358 Marriott International, Inc. Class A 128,710 13,410,295 # Marriott Vacations Worldwide Corp. 85,800 10,025,730 # Mattel, Inc. 330,028 6,607,161 #* McClatchy Co. (The) Class A 11,992 95,936 McDonald's Corp. 283,387 43,964,659 # MDC Holdings, Inc. 174,657 5,988,989 (degrees) Media General, Inc. 96,518 194,966 # Meredith Corp. 145,747 8,664,659 * Meritage Homes Corp. 131,485 5,358,014 # MGM Resorts International 497,634 16,387,088 #* Michael Kors Holdings, Ltd. 237,702 8,661,861 #* Michaels Cos., Inc. (The) 153,044 3,082,306 * Modine Manufacturing Co. 117,536 1,909,960 * Mohawk Industries, Inc. 101,341 25,232,896 * Monarch Casino & Resort, Inc. 6,743 223,126 # Monro Muffler Brake, Inc. 77,697 3,620,680 #* Motorcar Parts of America, Inc. 54,068 1,512,282 Movado Group, Inc. 38,912 957,235 * MSG Networks, Inc. Class A 162,855 3,485,097 #* Murphy USA, Inc. 175,876 13,319,089 NACCO Industries, Inc. Class A 13,182 864,739 #* Nathan's Famous, Inc. 8,385 524,063 # National CineMedia, Inc. 122,049 872,650 #* Nautilus, Inc. 127,899 2,251,022 * Netflix, Inc. 50,787 9,225,966 #* Nevada Gold & Casinos, Inc. 1,100 2,618 # New Media Investment Group, Inc. 44,390 618,797 #* New York & Co., Inc. 111,142 173,382 # New York Times Co. (The) Class A 354,975 6,744,525 Newell Brands, Inc. 148,203 7,813,262 News Corp. Class A 409,479 5,859,644 # News Corp. Class B 177,233 2,605,325 # Nexstar Media Group, Inc. Class A 161,152 10,539,341 # NIKE, Inc. Class B 492,833 29,101,789 Nobility Homes, Inc. 2,557 45,770 # Nordstrom, Inc. 126,183 6,128,708 * Norwegian Cruise Line Holdings, Ltd. 286,103 15,755,692 # Nutrisystem, Inc. 80,260 4,474,495 * NVR, Inc. 4,719 12,318,666 #* O'Reilly Automotive, Inc. 45,492 9,294,016 Office Depot, Inc. 1,297,042 7,613,637 #* Ollie's Bargain Outlet Holdings, Inc. 118,573 5,300,213 # Omnicom Group, Inc. 158,703 12,496,274 #* Overstock.com, Inc. 87,533 1,400,528 # Oxford Industries, Inc. 57,040 3,600,935 P&F Industries, Inc. Class A 2,869 17,300 # Papa John's International, Inc. 72,472 5,169,428 #* Papa Murphy's Holdings, Inc. 2,107 8,976 #* Party City Holdco, Inc. 18,255 254,657 #* Penn National Gaming, Inc. 100,413 2,024,326 # Penske Automotive Group, Inc. 307,006 13,367,041 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Perfumania Holdings, Inc. 6,982 $ 10,892 * Perry Ellis International, Inc. 25,247 495,851 # PetMed Express, Inc. 39,873 1,895,562 * PICO Holdings, Inc. 40,315 655,119 # Pier 1 Imports, Inc. 216,568 998,378 #* Pinnacle Entertainment, Inc. 85,467 1,623,873 # Planet Fitness, Inc. Class A 157,875 3,577,447 # Polaris Industries, Inc. 155,049 13,901,693 # Pool Corp. 69,216 7,483,634 * Potbelly Corp. 13,959 160,529 * Priceline Group, Inc. (The) 13,769 27,930,416 PulteGroup, Inc. 634,433 15,492,854 PVH Corp. 114,564 13,666,340 * QEP Co., Inc. 670 17,370 # Ralph Lauren Corp. 67,278 5,089,581 RCI Hospitality Holdings, Inc. 15,909 360,975 * Reading International, Inc. Class A 19,874 317,189 * Reading International, Inc. Class B 300 6,240 * Red Lion Hotels Corp. 26,248 187,673 #* Red Robin Gourmet Burgers, Inc. 46,476 2,779,265 # Red Rock Resorts, Inc. Class A 18,128 433,259 # Regal Entertainment Group Class A 191,649 3,645,164 * Regis Corp. 95,455 1,005,141 # Rent-A-Center, Inc. 103,534 1,368,719 #* RH 79,179 5,156,928 Rocky Brands, Inc. 11,845 165,238 Ross Stores, Inc. 179,080 9,906,706 Royal Caribbean Cruises, Ltd. 235,281 26,603,223 #* Ruby Tuesday, Inc. 132,636 267,925 Ruth's Hospitality Group, Inc. 133,354 2,667,080 Saga Communications, Inc. Class A 5,094 197,902 # Salem Media Group, Inc. 21,782 155,741 #* Sally Beauty Holdings, Inc. 172,431 3,488,279 Scholastic Corp. 69,802 2,891,897 #* Scientific Games Corp. Class A 105,281 3,900,661 # Scripps Networks Interactive, Inc. Class A 188,625 16,487,711 # SeaWorld Entertainment, Inc. 364,453 5,605,287 #* Select Comfort Corp. 173,427 5,863,567 #* Sequential Brands Group, Inc. 4,342 13,938 # Service Corp. International 479,859 16,665,503 #* ServiceMaster Global Holdings, Inc. 294,560 12,948,858 #* Shake Shack, Inc. Class A 1,019 33,637 * Shiloh Industries, Inc. 30,924 229,456 # Shoe Carnival, Inc. 38,670 706,114 #* Shutterfly, Inc. 92,317 4,527,226 # Signet Jewelers, Ltd. 121,198 7,412,470 # Sinclair Broadcast Group, Inc. Class A 266,164 9,595,212 # Sirius XM Holdings, Inc. 520,537 3,050,347 # Six Flags Entertainment Corp. 121,738 6,923,240 #* Skechers U.S.A., Inc. Class A 399,012 11,208,247 * Skyline Corp. 10,884 81,303 # Sonic Automotive, Inc. Class A 114,269 2,073,982 # Sonic Corp. 97,205 2,299,870 #* Sotheby's 145,988 8,261,461 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) Speedway Motorsports, Inc. 68,022 $ 1,446,148 #* Sportsman's Warehouse Holdings, Inc. 33,697 152,647 # Stage Stores, Inc. 88,805 176,722 Standard Motor Products, Inc. 66,217 3,336,012 Stanley Furniture Co., Inc. 15,342 19,331 Staples, Inc. 1,219,932 12,382,310 Starbucks Corp. 429,201 23,168,270 # Stein Mart, Inc. 137,185 190,687 #* Steven Madden, Ltd. 187,725 7,696,725 * Stoneridge, Inc. 98,665 1,505,628 Strattec Security Corp. 5,021 178,246 # Strayer Education, Inc. 51,380 4,039,496 # Sturm Ruger & Co., Inc. 41,089 2,366,726 Superior Industries International, Inc. 46,522 909,505 Superior Uniform Group, Inc. 25,866 577,588 * Sypris Solutions, Inc. 26,299 43,788 # Tailored Brands, Inc. 22,042 276,407 * Tandy Leather Factory, Inc. 25,740 227,799 # Target Corp. 395,060 22,388,050 * Taylor Morrison Home Corp. Class A 72,976 1,650,717 # TEGNA, Inc. 671,442 9,957,485 #* Tempur Sealy International, Inc. 71,668 4,133,094 Tenneco, Inc. 157,351 8,701,510 #* Tesla, Inc. 10,234 3,310,392 # Texas Roadhouse, Inc. 179,923 8,510,358 Thor Industries, Inc. 236,823 24,949,303 # Tiffany & Co. 183,527 17,528,664 # Tile Shop Holdings, Inc. 74,372 1,085,831 Tilly's, Inc. Class A 15,774 157,425 Time Warner, Inc. 819,384 83,921,309 Time, Inc. 193,758 2,722,300 TJX Cos., Inc. (The) 188,348 13,242,748 # Toll Brothers, Inc. 362,535 13,990,226 * TopBuild Corp. 76,336 4,029,014 Tower International, Inc. 67,260 1,661,322 #* Town Sports International Holdings, Inc. 30,008 165,044 # Tractor Supply Co. 95,125 5,338,415 * Trans World Entertainment Corp. 1,798 3,147 #* TRI Pointe Group, Inc. 326,148 4,337,768 Tribune Media Co. Class A 10,447 440,341 #* TripAdvisor, Inc. 53,030 2,069,231 * tronc, Inc. 12,180 155,539 #* Tuesday Morning Corp. 84,310 155,974 # Tupperware Brands Corp. 70,537 4,282,301 # Twenty-First Century Fox, Inc. Class A 681,829 19,841,224 Twenty-First Century Fox, Inc. Class B 323,884 9,292,232 * Ulta Salon Cosmetics & Fragrance, Inc. 41,485 10,421,447 #* Under Armour, Inc. Class A 48,716 975,294 #* Under Armour, Inc. Class C 47,353 857,563 * Unifi, Inc. 33,934 1,111,678 #* Universal Electronics, Inc. 35,727 2,445,513 * Universal Technical Institute, Inc. 35,790 127,412 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Consumer Discretionary -- (Continued) #* Urban One, Inc. 33,982 $ 64,566 #* Urban Outfitters, Inc. 351,858 6,892,898 * US Auto Parts Network, Inc. 39,333 102,659 # Vail Resorts, Inc. 51,459 10,845,499 #* Vera Bradley, Inc. 40,395 407,182 # VF Corp. 147,981 9,202,938 # Viacom, Inc. Class A 8,444 341,982 Viacom, Inc. Class B 797,968 27,865,043 #* Vista Outdoor, Inc. 148,627 3,431,797 * Visteon Corp. 111,275 12,411,613 #* Vitamin Shoppe, Inc. 75,948 835,428 * VOXX International Corp. 45,251 303,182 * Walking Co. Holdings, Inc. (The) 329 1,275 Walt Disney Co. (The) 1,012,945 111,353,044 * Wayfair, Inc. Class A 3,269 249,588 #* Weight Watchers International, Inc. 38,243 1,369,864 # Wendy's Co. (The) 860,065 13,279,404 West Marine, Inc. 38,525 496,587 # Weyco Group, Inc. 12,731 354,940 # Whirlpool Corp. 116,886 20,791,682 #* William Lyon Homes Class A 70,063 1,584,124 # Williams-Sonoma, Inc. 364,160 16,907,949 #* Wingstop, Inc. 38,792 1,164,148 # Winmark Corp. 6,317 840,477 # Winnebago Industries, Inc. 98,135 3,611,368 # Wolverine World Wide, Inc. 268,941 7,584,136 # World Wrestling Entertainment, Inc. Class A 22,415 474,301 # Wyndham Worldwide Corp. 155,396 16,218,681 # Wynn Resorts, Ltd. 61,318 7,930,870 Yum! Brands, Inc. 93,374 7,047,870 * ZAGG, Inc. 95,312 805,386 #* Zumiez, Inc. 83,902 1,065,555 -------------- Total Consumer Discretionary 3,125,186,864 -------------- Consumer Staples -- (5.9%) # Alico, Inc. 13,299 401,630 #* Alliance One International, Inc. 18,445 280,364 Altria Group, Inc. 570,837 37,087,280 Andersons, Inc. (The) 66,157 2,279,109 Archer-Daniels-Midland Co. 347,287 14,648,566 #* Avon Products, Inc. 818,900 2,980,796 # B&G Foods, Inc. 203,207 7,366,254 #* Blue Buffalo Pet Products, Inc. 257,908 5,769,402 #* Boston Beer Co., Inc. (The) Class A 26,100 4,092,480 * Bridgford Foods Corp. 7,329 81,792 # British American Tobacco P.L.C. Sponsored ADR 190,790 11,928,216 # Brown-Forman Corp. Class A 40,159 2,069,795 # Brown-Forman Corp. Class B 159,497 7,879,152 Bunge, Ltd. 218,674 17,141,855 #* Cal-Maine Foods, Inc. 143,614 5,478,874 # Calavo Growers, Inc. 46,134 3,416,223 # Campbell Soup Co. 201,109 10,624,588 # Casey's General Stores, Inc. 136,620 14,584,185 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Staples -- (Continued) * CCA Industries, Inc. 5,962 $ 21,165 * Central Garden & Pet Co. 31,210 998,720 * Central Garden & Pet Co. Class A 105,369 3,241,150 #* Chefs' Warehouse, Inc. (The) 42,430 615,235 Church & Dwight Co., Inc. 161,644 8,623,707 Clorox Co. (The) 84,435 11,271,228 # Coca-Cola Bottling Co. Consolidated 30,092 7,224,788 Coca-Cola Co. (The) 1,420,248 65,104,168 * Coffee Holding Co., Inc. 5,400 22,464 Colgate-Palmolive Co. 191,018 13,791,500 Conagra Brands, Inc. 309,017 10,580,742 Constellation Brands, Inc. Class A 74,288 14,363,585 Constellation Brands, Inc. Class B 5,100 1,000,008 Costco Wholesale Corp. 185,494 29,402,654 # Coty, Inc. Class A 1,026,725 21,027,328 #* Craft Brew Alliance, Inc. 46,536 814,380 * Crimson Wine Group, Ltd. 24,913 266,569 CVS Health Corp. 988,292 78,994,180 * Darling Ingredients, Inc. 408,172 6,640,958 # Dean Foods Co. 349,249 5,238,735 # Dr Pepper Snapple Group, Inc. 124,141 11,316,694 #* Edgewell Personal Care Co. 148,999 10,757,728 Energizer Holdings, Inc. 93,292 4,297,962 Estee Lauder Cos., Inc. (The) Class A 44,234 4,378,724 #* Farmer Brothers Co. 38,550 1,200,832 # Flowers Foods, Inc. 560,754 9,863,663 Fresh Del Monte Produce, Inc. 129,685 6,674,887 # General Mills, Inc. 229,739 12,787,273 #* Hain Celestial Group, Inc. (The) 198,495 8,874,711 #* Herbalife, Ltd. 93,162 6,196,205 Hershey Co. (The) 23,910 2,517,962 # Hormel Foods Corp. 574,133 19,618,125 #* Hostess Brands, Inc. 197,972 3,025,012 * HRG Group, Inc. 432,224 7,161,952 Ingles Markets, Inc. Class A 38,967 1,149,527 Ingredion, Inc. 185,394 22,862,788 Inter Parfums, Inc. 60,847 2,360,864 #* Inventure Foods, Inc. 11,729 45,743 J&J Snack Foods Corp. 52,259 6,866,833 JM Smucker Co. (The) 141,982 17,307,606 # John B. Sanfilippo & Son, Inc. 21,435 1,378,699 # Kellogg Co. 72,936 4,959,648 Kimberly-Clark Corp. 75,775 9,332,449 Kraft Heinz Co. (The) 363,322 31,776,142 Kroger Co. (The) 485,320 11,900,046 Lamb Weston Holdings, Inc. 70,727 3,110,573 Lancaster Colony Corp. 56,416 6,917,730 * Landec Corp. 61,901 761,382 * Lifeway Foods, Inc. 8,037 73,699 # Limoneira Co. 2,051 46,681 Mannatech, Inc. 2,600 42,250 # McCormick & Co., Inc. Non-Voting 52,305 4,984,666 # McCormick & Co., Inc. Voting 3,330 317,282 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) # Medifast, Inc. 59,753 $ 2,550,856 # MGP Ingredients, Inc. 71,438 4,211,984 Molson Coors Brewing Co. Class A 1,020 94,396 Molson Coors Brewing Co. Class B 231,595 20,607,323 Mondelez International, Inc. Class A 885,519 38,980,546 * Monster Beverage Corp. 186,903 9,859,133 # National Beverage Corp. 67,691 6,912,605 * Natural Alternatives International, Inc. 7,028 70,280 #* Natural Grocers by Vitamin Cottage, Inc. 12,339 108,707 # Natural Health Trends Corp. 13,644 336,052 Nature's Sunshine Products, Inc. 400 5,060 # Nu Skin Enterprises, Inc. Class A 168,914 10,702,391 Nutraceutical International Corp. 15,620 652,916 Ocean Bio-Chem, Inc. 3,100 12,245 Oil-Dri Corp. of America 10,862 449,252 Omega Protein Corp. 54,417 870,672 # Orchids Paper Products Co. 12,261 138,059 PepsiCo, Inc. 441,915 51,531,708 * Performance Food Group Co. 65,941 1,899,101 Philip Morris International, Inc. 383,698 44,781,394 #* Pilgrim's Pride Corp. 267,570 6,499,275 Pinnacle Foods, Inc. 207,258 12,306,980 #* Post Holdings, Inc. 201,255 16,744,416 # PriceSmart, Inc. 69,793 5,880,060 #* Primo Water Corp. 5,307 65,860 Procter & Gamble Co. (The) 1,360,960 123,602,387 #* Revlon, Inc. Class A 66,500 1,300,075 #* Rite Aid Corp. 664,334 1,488,108 Rocky Mountain Chocolate Factory, Inc. 10,758 127,913 # Sanderson Farms, Inc. 87,476 11,437,487 Seaboard Corp. 1,240 5,301,000 * Seneca Foods Corp. Class A 13,971 400,968 * Seneca Foods Corp. Class B 1,999 61,769 #* Smart & Final Stores, Inc. 5,745 49,407 # Snyder's-Lance, Inc. 215,684 7,503,646 SpartanNash Co. 75,787 2,102,331 # Spectrum Brands Holdings, Inc. 110,840 12,795,370 #* Sprouts Farmers Market, Inc. 283,298 6,818,983 #* SUPERVALU, Inc. 566,460 2,027,927 Sysco Corp. 137,385 7,229,199 * Tofutti Brands, Inc. 1,645 3,216 # Tootsie Roll Industries, Inc. 68,002 2,529,674 #* TreeHouse Foods, Inc. 120,975 10,262,309 Tyson Foods, Inc. Class A 381,652 24,181,471 #* United Natural Foods, Inc. 113,542 4,374,773 United-Guardian, Inc. 4,655 73,316 # Universal Corp. 62,323 3,985,556 #* USANA Health Sciences, Inc. 70,911 4,049,018 # Vector Group, Ltd. 171,075 3,443,740 # Village Super Market, Inc. Class A 12,227 302,374 Wal-Mart Stores, Inc. 1,950,038 155,983,540 Walgreens Boots Alliance, Inc. 746,687 60,235,240 # WD-40 Co. 33,268 3,548,032 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Consumer Staples -- (Continued) # Weis Markets, Inc. 46,448 $ 2,197,455 Whole Foods Market, Inc. 584,115 24,392,642 -------------- Total Consumer Staples 1,380,300,360 -------------- Energy -- (4.6%) # Adams Resources & Energy, Inc. 7,057 268,095 Anadarko Petroleum Corp. 215,484 9,841,154 Andeavor 401,543 39,965,575 #* Antero Resources Corp. 117,586 2,424,623 # Apache Corp. 278,115 13,761,130 Archrock, Inc. 108,389 1,186,860 Ardmore Shipping Corp. 6,600 52,470 #* Atwood Oceanics, Inc. 190,924 1,500,663 Baker Hughes a GE Co. 218,082 8,045,045 * Barnwell Industries, Inc. 10,714 20,035 #* Bill Barrett Corp. 98,255 332,102 # Bristow Group, Inc. 76,700 565,279 # Cabot Oil & Gas Corp. 278,406 6,923,957 #* Callon Petroleum Co. 222,949 2,523,783 #* CARBO Ceramics, Inc. 30,729 217,254 Cheniere Energy Partners L.P. Holdings LLC 13,139 343,848 #* Cheniere Energy, Inc. 109,205 4,936,066 #* Chesapeake Energy Corp. 1,037,968 5,148,321 Chevron Corp. 1,210,314 132,154,186 Cimarex Energy Co. 124,085 12,288,138 #* Clean Energy Fuels Corp. 131,913 345,612 * Cloud Peak Energy, Inc. 125,690 434,887 #* Cobalt International Energy, Inc. 5,569 14,368 #* Concho Resources, Inc. 118,853 15,481,792 ConocoPhillips 768,901 34,885,038 #* CONSOL Energy, Inc. 509,602 8,540,930 * Contango Oil & Gas Co. 44,055 264,330 #* Continental Resources, Inc. 191,646 6,406,726 # Core Laboratories NV 67,568 6,792,611 # CVR Energy, Inc. 93,994 1,777,427 * Dawson Geophysical Co. 34,111 136,785 # Delek US Holdings, Inc. 260,720 6,807,399 #* Denbury Resources, Inc. 559,157 816,369 Devon Energy Corp. 204,814 6,822,354 # DHT Holdings, Inc. 193,359 804,373 #* Diamond Offshore Drilling, Inc. 312,849 3,885,585 #* Diamondback Energy, Inc. 93,415 8,956,630 #* Dorian LPG, Ltd. 4,305 30,996 #* Dril-Quip, Inc. 109,534 4,885,216 #* Eclipse Resources Corp. 178,423 501,369 #* Energen Corp. 117,752 6,273,827 * ENGlobal Corp. 27,850 34,812 # EnLink Midstream LLC 199,564 3,502,348 # Ensco P.L.C. Class A 576,677 3,050,621 EOG Resources, Inc. 247,755 23,571,411 #* EP Energy Corp. Class A 75,026 253,588 # EQT Corp. 60,146 3,831,300 * Era Group, Inc. 48,404 424,019 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) # Evolution Petroleum Corp. 23,938 $ 205,867 * Exterran Corp. 65,879 1,824,190 Exxon Mobil Corp. 1,557,397 124,654,056 #* Forum Energy Technologies, Inc. 250,130 3,314,222 # Frank's International NV 97,470 789,507 # GasLog, Ltd. 71,226 1,299,874 #* Gastar Exploration, Inc. 114,211 98,221 #* Geospace Technologies Corp. 18,034 277,543 # Green Plains, Inc. 69,330 1,369,267 Gulf Island Fabrication, Inc. 22,399 255,349 * Gulfport Energy Corp. 291,205 3,675,007 Halliburton Co. 374,566 15,896,581 * Helix Energy Solutions Group, Inc. 413,368 2,703,427 # Helmerich & Payne, Inc. 157,015 7,948,099 # Hess Corp. 347,083 15,459,077 # HollyFrontier Corp. 376,685 10,863,595 #* Hornbeck Offshore Services, Inc. 67,568 170,271 * International Seaways, Inc. 28,113 641,258 #* ION Geophysical Corp. 18,303 64,976 #* Jones Energy, Inc. Class A 2,003 3,005 Kinder Morgan, Inc. 1,378,055 28,153,664 #* Kosmos Energy, Ltd. 628,086 4,145,368 #* Laredo Petroleum, Inc. 372,797 4,831,449 Marathon Oil Corp. 888,739 10,869,278 Marathon Petroleum Corp. 599,359 33,558,110 #* Matador Resources Co. 205,138 4,976,648 * Matrix Service Co. 73,231 757,941 #* McDermott International, Inc. 428,287 2,899,503 * Mitcham Industries, Inc. 45,830 181,945 # Murphy Oil Corp. 376,480 10,006,838 # Nabors Industries, Ltd. 691,018 5,327,749 # National Oilwell Varco, Inc. 483,841 15,826,439 * Natural Gas Services Group, Inc. 23,876 595,706 #* Newfield Exploration Co. 147,842 4,247,501 * Newpark Resources, Inc. 278,699 2,327,137 # Noble Corp. P.L.C. 588,401 2,353,604 Noble Energy, Inc. 557,142 16,106,975 # Nordic American Offshore, Ltd. 78 94 # Nordic American Tankers, Ltd. 9,013 52,996 #* Northern Oil and Gas, Inc. 123,983 154,979 * Oasis Petroleum, Inc. 506,701 3,942,134 Occidental Petroleum Corp. 266,349 16,494,994 Oceaneering International, Inc. 250,782 6,432,558 #* Oil States International, Inc. 154,159 3,830,851 # ONEOK, Inc. 191,744 10,846,958 * Overseas Shipholding Group, Inc. Class A 8,038 24,757 # Panhandle Oil and Gas, Inc. Class A 39,506 869,132 #* Par Pacific Holdings, Inc. 38,931 697,254 #* Parker Drilling Co. 252,886 303,463 * Parsley Energy, Inc. Class A 196,747 5,760,752 Patterson-UTI Energy, Inc. 383,834 7,423,350 # PBF Energy, Inc. Class A 340,102 7,744,123 #* PDC Energy, Inc. 140,057 6,605,088 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Energy -- (Continued) #* PetroQuest Energy, Inc. 3,338 $ 7,243 * PHI, Inc. Non-Voting 20,171 195,659 #* PHI, Inc. Voting 2,686 25,383 Phillips 66 409,067 34,259,361 * Pioneer Energy Services Corp. 152,995 336,589 Pioneer Natural Resources Co. 62,417 10,180,213 * QEP Resources, Inc. 560,473 4,803,254 # Range Resources Corp. 332,362 7,016,162 #* Renewable Energy Group, Inc. 145,319 1,816,487 #* REX American Resources Corp. 14,981 1,497,800 * Rice Energy, Inc. 403,008 11,272,134 * RigNet, Inc. 22,097 418,738 #* Ring Energy, Inc. 42,588 556,199 #* Rowan Cos. P.L.C. Class A 306,094 3,572,117 # RPC, Inc. 305,022 6,317,006 * RSP Permian, Inc. 220,506 7,576,586 Schlumberger, Ltd. 631,601 43,327,829 # Scorpio Tankers, Inc. 522,492 1,938,445 #* SEACOR Holdings, Inc. 51,629 1,760,033 * SEACOR Marine Holdings, Inc. 51,907 756,804 # SemGroup Corp. Class A 132,197 3,575,929 # Ship Finance International, Ltd. 143,470 1,951,192 # SM Energy Co. 212,002 3,686,715 #* SRC Energy, Inc. 499,608 4,251,664 #* Superior Energy Services, Inc. 414,816 4,463,420 # Targa Resources Corp. 214,086 9,935,731 #* TechnipFMC P.L.C. 494,723 14,119,394 # Teekay Corp. 155,434 1,523,253 # Teekay Tankers, Ltd. Class A 106,000 190,800 #* Tesco Corp. 97,994 450,772 * TETRA Technologies, Inc. 286,730 805,711 #* Transocean, Ltd. 815,782 7,056,514 #* Ultra Petroleum Corp. 435,275 4,478,980 #* Unit Corp. 123,410 2,218,912 # US Silica Holdings, Inc. 143,124 4,169,202 #* Vaalco Energy, Inc. 147,005 134,804 Valero Energy Corp. 483,574 33,352,099 #* Weatherford International P.L.C. 1,769,437 7,891,689 #* Whiting Petroleum Corp. 763,660 4,009,215 * Willbros Group, Inc. 101,050 206,142 Williams Cos., Inc. (The) 418,518 13,300,502 World Fuel Services Corp. 145,671 4,711,000 #* WPX Energy, Inc. 949,674 10,237,486 -------------- Total Energy 1,076,249,205 -------------- Financials -- (17.1%) 1st Constitution Bancorp 5,728 98,235 # 1st Source Corp. 65,485 3,215,313 Access National Corp. 12,232 325,249 # Affiliated Managers Group, Inc. 76,375 14,192,766 Aflac, Inc. 311,940 24,877,215 * Alleghany Corp. 21,249 13,032,862 Allstate Corp. (The) 279,303 25,416,573 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) # Ally Financial, Inc. 772,683 $ 17,493,543 * Ambac Financial Group, Inc. 64,306 1,313,772 American Equity Investment Life Holding Co. 277,305 7,426,228 American Express Co. 824,669 70,286,539 American Financial Group, Inc. 186,802 18,941,723 American International Group, Inc. 672,654 44,025,204 American National Bankshares, Inc. 8,616 325,254 # American National Insurance Co. 43,227 5,144,013 American River Bankshares 7,316 102,058 Ameriprise Financial, Inc. 229,224 33,209,973 # Ameris Bancorp 102,866 4,711,263 # AMERISAFE, Inc. 68,230 3,940,282 AmeriServ Financial, Inc. 18,864 74,513 # Amtrust Financial Services, Inc. 483,020 7,728,320 Aon P.L.C. 92,854 12,829,637 * Arch Capital Group, Ltd. 166,373 16,181,438 Argo Group International Holdings, Ltd. 90,817 5,444,479 # Arrow Financial Corp. 26,536 865,074 Arthur J Gallagher & Co. 153,840 9,044,254 # Artisan Partners Asset Management, Inc. Class A 96,626 3,212,814 Aspen Insurance Holdings, Ltd. 133,549 6,517,191 Associated Banc-Corp 352,167 8,434,400 Assurant, Inc. 136,510 14,370,408 # Assured Guaranty, Ltd. 399,083 17,962,726 * Asta Funding, Inc. 2,291 16,782 Astoria Financial Corp. 331,784 6,695,401 Atlantic American Corp. 11,687 42,073 * Atlantic Capital Bancshares, Inc. 7,269 140,292 * Atlantic Coast Financial Corp. 1,723 13,698 * Atlanticus Holdings Corp. 36,049 89,041 * Atlas Financial Holdings, Inc. 3,215 49,672 Auburn National Bancorporation, Inc. 1,955 72,355 Axis Capital Holdings, Ltd. 186,997 12,076,266 Baldwin & Lyons, Inc. Class A 2,126 49,536 Baldwin & Lyons, Inc. Class B 17,951 420,053 # Banc of California, Inc. 70,892 1,456,831 BancFirst Corp. 32,483 3,467,560 Bancorp of New Jersey, Inc. 210 3,621 #* Bancorp, Inc. (The) 81,696 633,144 # BancorpSouth, Inc. 267,295 8,032,215 Bank Mutual Corp. 105,207 1,046,810 Bank of America Corp. 6,756,207 162,959,713 Bank of Commerce Holdings 8,161 84,466 # Bank of Hawaii Corp. 123,897 10,366,462 Bank of New York Mellon Corp. (The) 787,401 41,755,875 # Bank of the Ozarks, Inc. 282,555 12,192,248 BankFinancial Corp. 48,482 726,260 BankUnited, Inc. 252,367 8,686,472 Banner Corp. 95,631 5,524,603 Bar Harbor Bankshares 20,782 579,610 # BB&T Corp. 507,360 24,008,275 # BCB Bancorp, Inc. 9,933 148,995 Bear State Financial, Inc. 6,577 61,035 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) Beneficial Bancorp, Inc. 195,115 $ 3,043,794 * Berkshire Bancorp, Inc. 3,850 43,986 * Berkshire Hathaway, Inc. Class B 466,762 81,669,347 Berkshire Hills Bancorp, Inc. 112,392 4,175,363 BGC Partners, Inc. Class A 818,252 10,318,158 BlackRock, Inc. 83,263 35,514,167 Blue Hills Bancorp, Inc. 8,384 158,877 #* BofI Holding, Inc. 146,464 4,081,952 BOK Financial Corp. 109,939 9,352,511 Boston Private Financial Holdings, Inc. 300,722 4,616,083 Bridge Bancorp, Inc. 10,993 357,272 Brookline Bancorp, Inc. 239,986 3,563,792 Brown & Brown, Inc. 309,326 13,795,940 # Bryn Mawr Bank Corp. 39,154 1,662,087 C&F Financial Corp. 2,201 109,610 California First National Bancorp 8,102 134,898 # Camden National Corp. 29,220 1,227,240 Canadian Imperial Bank of Commerce 24,976 2,168,916 Capital Bank Financial Corp. Class A 90,949 3,456,062 Capital City Bank Group, Inc. 23,859 509,628 Capital One Financial Corp. 360,701 31,085,212 Capitol Federal Financial, Inc. 498,027 7,101,865 Carolina Financial Corp. 1,882 63,310 Cathay General Bancorp 201,662 7,552,242 # CBOE Holdings, Inc. 110,933 10,486,496 # CenterState Banks, Inc. 139,527 3,486,780 Central Pacific Financial Corp. 57,601 1,781,599 Central Valley Community Bancorp 803 17,650 Century Bancorp, Inc. Class A 3,952 263,598 # Charles Schwab Corp. (The) 443,184 19,012,594 # Charter Financial Corp. 4,056 72,927 Chemical Financial Corp. 153,208 7,383,094 Chubb, Ltd. 289,671 42,425,215 # Cincinnati Financial Corp. 215,714 16,428,778 CIT Group, Inc. 210,402 10,025,655 Citigroup, Inc. 1,725,038 118,078,851 Citizens Community Bancorp, Inc. 5,940 82,863 # Citizens Financial Group, Inc. 580,338 20,358,257 # Citizens Holding Co. 2,412 59,456 #* Citizens, Inc. 80,221 645,779 # City Holding Co. 39,932 2,620,737 # Clifton Bancorp, Inc. 56,438 941,950 CME Group, Inc. 220,456 27,032,315 # CNA Financial Corp. 156,069 8,107,785 CNB Financial Corp. 13,395 353,092 CNO Financial Group, Inc. 360,876 8,256,843 CoBiz Financial, Inc. 132,016 2,323,482 Codorus Valley Bancorp, Inc. 3,621 101,243 # Cohen & Steers, Inc. 72,259 2,919,264 Colony Bankcorp, Inc. 3,512 49,344 # Columbia Banking System, Inc. 232,016 9,243,517 Comerica, Inc. 257,411 18,613,389 # Commerce Bancshares, Inc. 243,486 14,131,927 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Commercial National Financial Corp. 2,306 $ 47,561 # Community Bank System, Inc. 140,362 7,705,874 * Community Bankers Trust Corp. 4,068 34,985 Community Trust Bancorp, Inc. 43,213 1,866,802 Community West Bancshares 3,113 32,220 ConnectOne Bancorp, Inc. 36,527 821,857 * Consumer Portfolio Services, Inc. 84,206 346,087 #* Cowen, Inc. 48,213 771,408 Crawford & Co. Class A 36,655 272,347 # Crawford & Co. Class B 41,704 374,502 #* Credit Acceptance Corp. 56,186 13,995,933 # Cullen/Frost Bankers, Inc. 120,175 10,909,486 * Customers Bancorp, Inc. 66,129 1,973,951 # CVB Financial Corp. 383,991 8,271,166 Diamond Hill Investment Group, Inc. 7,015 1,385,462 Dime Community Bancshares, Inc. 125,217 2,604,514 Discover Financial Services 437,054 26,634,071 Donegal Group, Inc. Class A 49,373 744,545 Donegal Group, Inc. Class B 5,678 88,293 * Donnelley Financial Solutions, Inc. 114,046 2,645,867 * E*TRADE Financial Corp. 340,972 13,979,852 Eagle Bancorp Montana, Inc. 751 13,706 #* Eagle Bancorp, Inc. 77,665 4,850,179 East West Bancorp, Inc. 308,104 17,555,766 # Eaton Vance Corp. 254,821 12,509,163 * eHealth, Inc. 30,225 514,127 EMC Insurance Group, Inc. 39,281 1,088,084 Employers Holdings, Inc. 95,021 4,119,160 #* Encore Capital Group, Inc. 81,158 3,254,436 #* Enova International, Inc. 78,556 1,139,062 * Enstar Group, Ltd. 32,385 6,561,201 # Enterprise Bancorp, Inc. 9,230 311,882 # Enterprise Financial Services Corp. 57,739 2,283,577 # Erie Indemnity Co. Class A 67,238 8,570,155 # ESSA Bancorp, Inc. 19,001 280,265 * Essent Group, Ltd. 125,734 4,830,700 # Evans Bancorp, Inc. 2,684 109,373 Evercore Partners, Inc. Class A 118,960 9,356,204 # Everest Re Group, Ltd. 66,825 17,534,212 #* Ezcorp, Inc. Class A 129,370 1,009,086 # FactSet Research Systems, Inc. 39,653 6,630,775 Fairfax Financial Holdings, Ltd. 12,282 5,849,312 Farmers Capital Bank Corp. 7,346 275,842 FBL Financial Group, Inc. Class A 54,483 3,699,396 * FCB Financial Holdings, Inc. Class A 97,690 4,606,083 Federal Agricultural Mortgage Corp. Class A 1,506 100,902 Federal Agricultural Mortgage Corp. Class C 20,865 1,430,504 # Federated Investors, Inc. Class B 332,849 9,596,037 Federated National Holding Co. 48,967 779,555 # Fidelity & Guaranty Life 3,316 103,293 Fidelity Southern Corp. 46,770 984,976 Fifth Third Bancorp 1,111,850 29,686,395 # Financial Engines, Inc. 80,139 3,081,345 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Financial Institutions, Inc. 27,285 $ 802,179 * First Acceptance Corp. 34,466 31,019 First American Financial Corp. 365,929 17,714,623 * First BanCorp(318672706) 185,788 1,088,718 # First Bancorp(318910106) 46,380 1,451,694 First Bancorp of Indiana, Inc. 700 14,998 # First Bancorp, Inc. 14,344 386,427 * First Bancshares, Inc. 569 6,600 # First Bancshares, Inc. (The) 588 16,317 First Busey Corp. 104,496 3,055,463 # First Business Financial Services, Inc. 4,526 96,223 First Citizens BancShares, Inc. Class A 22,517 8,286,706 First Commonwealth Financial Corp. 275,865 3,594,521 First Community Bancshares, Inc. 36,579 995,680 First Connecticut Bancorp, Inc. 2,200 56,320 First Defiance Financial Corp. 17,109 885,391 First Federal of Northern Michigan Bancorp, Inc. 1,458 11,628 First Financial Bancorp 183,134 4,688,230 # First Financial Bankshares, Inc. 114,320 4,944,340 First Financial Corp. 20,169 928,782 First Financial Northwest, Inc. 22,460 368,569 * First Foundation, Inc. 6,640 115,138 # First Horizon National Corp. 672,672 11,724,673 First Interstate Bancsystem, Inc. Class A 97,533 3,564,831 First Merchants Corp. 117,901 4,767,916 First Midwest Bancorp, Inc. 375,483 8,339,477 First of Long Island Corp. (The) 2,775 77,561 # First Republic Bank 151,619 15,211,934 First South Bancorp, Inc. 10,177 175,146 * First United Corp. 6,091 91,974 FirstCash, Inc. 166,033 9,654,819 * Flagstar Bancorp, Inc. 103,516 3,370,481 Flushing Financial Corp. 76,118 2,171,647 FNB Corp. 812,614 11,132,812 FNF Group 339,723 16,598,866 * FNFV Group 168,354 2,904,106 Franklin Resources, Inc. 271,041 12,137,216 Fulton Financial Corp. 372,563 6,799,275 # Gain Capital Holdings, Inc. 89,464 600,303 * GAINSCO, Inc. 1,100 19,003 GAMCO Investors, Inc. Class A 12,793 392,873 * Genworth Financial, Inc. Class A 871,322 2,988,634 # German American Bancorp, Inc. 42,497 1,522,668 # Glacier Bancorp, Inc. 247,020 8,625,938 * Global Indemnity, Ltd. 32,025 1,241,289 Goldman Sachs Group, Inc. (The) 283,973 63,987,636 Gouverneur Bancorp, Inc. 600 8,820 * Great Elm Capital Group, Inc. 2,511 8,663 Great Southern Bancorp, Inc. 31,930 1,658,763 Great Western Bancorp, Inc. 51,587 2,012,409 * Green Bancorp, Inc. 9,352 209,952 * Green Dot Corp. Class A 156,594 6,301,343 # Greenhill & Co., Inc. 78,826 1,458,281 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) #* Greenlight Capital Re, Ltd. Class A 85,355 $ 1,826,597 # Guaranty Bancorp 14,655 390,556 Guaranty Federal Bancshares, Inc. 1,840 39,560 * Hallmark Financial Services, Inc. 43,645 491,006 Hancock Holding Co. 243,535 11,202,610 Hanmi Financial Corp. 105,492 3,022,346 Hanover Insurance Group, Inc. (The) 112,610 10,682,185 Harleysville Financial Corp. 3,569 81,195 Hartford Financial Services Group, Inc. (The) 534,463 29,395,465 Hawthorn Bancshares, Inc. 3,139 63,800 # HCI Group, Inc. 43,775 1,973,815 Heartland Financial USA, Inc. 60,643 2,856,285 Heritage Commerce Corp. 72,270 1,003,830 Heritage Financial Corp. 60,302 1,640,214 # Heritage Insurance Holdings, Inc. 23,530 296,713 Hilltop Holdings, Inc. 301,208 7,539,236 # Hingham Institution for Savings 1,548 273,841 * HMN Financial, Inc. 2,615 47,070 Home Bancorp, Inc. 8,770 355,360 # Home BancShares, Inc. 360,711 8,945,633 * HomeStreet, Inc. 53,918 1,415,347 * HomeTrust Bancshares, Inc. 13,448 324,769 Hope Bancorp, Inc. 485,177 8,553,671 HopFed Bancorp, Inc. 3,213 46,846 Horace Mann Educators Corp. 89,235 3,292,771 # Horizon Bancorp 22,841 602,317 Houlihan Lokey, Inc. 42,345 1,574,387 Huntington Bancshares, Inc. 1,946,470 25,790,727 Iberiabank Corp. 131,606 10,640,345 IF Bancorp, Inc. 700 14,053 Independent Bank Corp.(453836108) 74,628 5,324,708 Independent Bank Corp.(453838609) 8,213 174,116 Independent Bank Group, Inc. 14,267 861,013 Infinity Property & Casualty Corp. 21,318 2,132,866 # Interactive Brokers Group, Inc. Class A 275,823 11,046,711 Intercontinental Exchange, Inc. 367,232 24,498,047 International Bancshares Corp. 189,650 6,713,610 * INTL. FCStone, Inc. 57,859 2,264,023 Invesco, Ltd. 554,944 19,295,403 Investment Technology Group, Inc. 103,611 2,286,695 # Investors Bancorp, Inc. 708,652 9,410,899 # Investors Title Co. 2,281 402,642 James River Group Holdings, Ltd. 13,818 554,931 #* Janus Henderson Group P.L.C. 230,182 7,708,795 JPMorgan Chase & Co. 2,971,967 272,826,571 # Kearny Financial Corp. 226,996 3,314,142 # Kemper Corp. 162,431 6,375,417 Kentucky First Federal Bancorp 3,283 32,173 KeyCorp 1,240,722 22,382,625 #* Ladenburg Thalmann Financial Services, Inc. 16,106 36,722 Lake Shore Bancorp, Inc. 449 7,094 Lakeland Bancorp, Inc. 80,632 1,560,229 # Lakeland Financial Corp. 73,806 3,395,076 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Landmark Bancorp, Inc. 3,465 $ 102,737 Lazard, Ltd. Class A 81,490 3,806,398 # LegacyTexas Financial Group, Inc. 133,474 5,168,113 # Legg Mason, Inc. 252,517 10,103,205 #* LendingClub Corp. 806,192 4,087,393 #* LendingTree, Inc. 20,930 4,617,158 Leucadia National Corp. 451,388 11,749,630 Lincoln National Corp. 326,394 23,846,346 Loews Corp. 409,246 19,922,095 LPL Financial Holdings, Inc. 378,310 17,311,466 # M&T Bank Corp. 89,076 14,532,749 Macatawa Bank Corp. 39,247 378,734 Mackinac Financial Corp. 7,909 114,997 * Magyar Bancorp, Inc. 2,122 27,119 # Maiden Holdings, Ltd. 229,395 2,546,284 MainSource Financial Group, Inc. 49,474 1,728,622 #* Malvern Bancorp, Inc. 2,294 56,891 # Manning & Napier, Inc. 8,718 35,308 #* Markel Corp. 15,795 16,924,500 # MarketAxess Holdings, Inc. 55,359 11,231,788 Marlin Business Services Corp. 24,351 633,126 Marsh & McLennan Cos., Inc. 202,666 15,801,868 # MB Financial, Inc. 201,188 8,228,589 #* MBIA, Inc. 473,486 4,815,353 MBT Financial Corp. 13,759 132,086 Mercantile Bank Corp. 20,525 653,105 # Mercury General Corp. 117,798 7,054,922 Meridian Bancorp, Inc. 102,569 1,810,343 Meta Financial Group, Inc. 15,555 1,109,071 MetLife, Inc. 575,794 31,668,670 * MGIC Investment Corp. 277,958 3,243,770 Mid Penn Bancorp, Inc. 1,624 43,848 Midland States Bancorp, Inc. 6,221 197,579 MidSouth Bancorp, Inc. 12,123 136,384 MidWestOne Financial Group, Inc. 9,772 336,352 Moelis & Co. Class A 56,718 2,319,766 # Moody's Corp. 49,376 6,499,363 Morgan Stanley 1,075,430 50,437,667 Morningstar, Inc. 57,950 4,784,931 * MSB Financial Corp. 1,549 26,798 MSCI, Inc. 127,858 13,930,129 MutualFirst Financial, Inc. 6,697 233,725 Nasdaq, Inc. 242,500 18,034,725 National Bank Holdings Corp. Class A 70,715 2,413,503 National General Holdings Corp. 83,523 1,771,523 National Security Group, Inc. (The) 977 13,331 National Western Life Group, Inc. Class A 3,917 1,318,423 #* Nationstar Mortgage Holdings, Inc. 24,787 441,952 Navient Corp. 1,069,496 15,775,066 Navigators Group, Inc. (The) 79,626 4,538,682 # NBT Bancorp, Inc. 116,857 4,223,212 Nelnet, Inc. Class A 85,999 4,221,691 # New York Community Bancorp, Inc. 636,336 8,355,092 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) NewStar Financial, Inc. 73,717 $ 806,464 * Nicholas Financial, Inc. 8,516 74,941 * Nicolet Bankshares, Inc. 2,141 115,978 * NMI Holdings, Inc. Class A 14,183 167,359 Northeast Bancorp 301 6,472 Northeast Community Bancorp, Inc. 10,493 95,486 Northern Trust Corp. 264,892 23,180,699 # Northfield Bancorp, Inc. 141,578 2,377,095 Northrim BanCorp, Inc. 8,061 234,978 Northway Financial, Inc. 2,363 67,346 Northwest Bancshares, Inc. 378,502 6,093,882 # Norwood Financial Corp. 2,272 97,332 OceanFirst Financial Corp. 61,979 1,678,391 #* Ocwen Financial Corp. 183,013 525,247 OFG Bancorp 136,038 1,367,182 # Ohio Valley Banc Corp. 3,467 117,358 # Old Line Bancshares, Inc. 5,359 145,122 Old National Bancorp 427,240 6,964,012 # Old Point Financial Corp. 700 22,484 Old Republic International Corp. 695,773 13,651,066 Old Second Bancorp, Inc. 13,666 161,942 OM Asset Management P.L.C. 172,359 2,597,450 * On Deck Capital, Inc. 4,000 17,200 OneBeacon Insurance Group, Ltd. Class A 76,068 1,393,566 #* OneMain Holdings, Inc. 199,336 5,330,245 Oppenheimer Holdings, Inc. Class A 16,285 256,489 Opus Bank 20,869 496,682 Oritani Financial Corp. 147,307 2,445,296 # Pacific Continental Corp. 28,972 735,889 * Pacific Mercantile Bancorp 10,106 79,837 * Pacific Premier Bancorp, Inc. 93,785 3,366,881 # PacWest Bancorp 259,979 12,484,192 # Park National Corp. 24,439 2,413,840 Park Sterling Corp. 27,958 324,872 Patriot National Bancorp, Inc. 130 2,119 PB Bancorp, Inc. 3,978 41,172 Peapack Gladstone Financial Corp. 23,024 719,960 Penns Woods Bancorp, Inc. 6,223 266,656 #* PennyMac Financial Services, Inc. Class A 18,429 320,665 # People's United Financial, Inc. 751,362 13,103,753 People's Utah Bancorp 700 19,460 # Peoples Bancorp of North Carolina, Inc. 4,359 137,832 Peoples Bancorp, Inc. 26,467 862,824 * PHH Corp. 158,855 2,189,022 Pinnacle Financial Partners, Inc. 142,141 9,082,810 Piper Jaffray Cos. 23,362 1,457,789 PJT Partners, Inc. Class A 7,510 325,784 PNC Financial Services Group, Inc. (The) 293,158 37,758,750 Popular, Inc. 237,001 9,987,222 #* PRA Group, Inc. 138,759 5,439,353 Preferred Bank 12,853 721,696 # Premier Financial Bancorp, Inc. 7,427 141,113 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Primerica, Inc. 182,201 $14,767,391 Principal Financial Group, Inc. 420,563 28,072,580 ProAssurance Corp. 130,360 8,056,248 Progressive Corp. (The) 649,390 30,605,751 # Prosperity Bancshares, Inc. 154,787 9,921,847 Provident Financial Holdings, Inc. 13,977 265,563 Provident Financial Services, Inc. 169,055 4,483,339 # Prudential Bancorp, Inc. 6,262 107,519 Prudential Financial, Inc. 302,773 34,282,987 # Pzena Investment Management, Inc. Class A 7,981 84,200 QCR Holdings, Inc. 5,215 239,629 Radian Group, Inc. 195,407 3,403,990 Raymond James Financial, Inc. 168,534 14,020,343 * Regional Management Corp. 7,750 185,923 Regions Financial Corp. 1,942,117 28,354,908 Reinsurance Group of America, Inc. 110,831 15,538,506 RenaissanceRe Holdings, Ltd. 96,423 14,165,503 Renasant Corp. 124,505 5,277,767 Republic Bancorp, Inc. Class A 29,540 1,060,486 #* Republic First Bancorp, Inc. 20,055 178,490 Riverview Bancorp, Inc. 12,542 95,194 # RLI Corp. 102,771 5,966,884 * Royal Bancshares of Pennsylvania, Inc. Class A 13,512 57,966 S&P Global, Inc. 75,732 11,631,678 # S&T Bancorp, Inc. 71,708 2,716,299 #* Safeguard Scientifics, Inc. 51,562 613,588 Safety Insurance Group, Inc. 56,259 3,991,576 Salisbury Bancorp, Inc. 1,248 52,790 # Sandy Spring Bancorp, Inc. 57,398 2,298,216 * Santander Consumer USA Holdings, Inc. 592,158 7,585,544 SB Financial Group, Inc. 2,715 47,893 * Seacoast Banking Corp. of Florida 40,408 944,335 * Security National Financial Corp. Class A 5,949 37,776 SEI Investments Co. 105,678 5,971,864 * Select Bancorp, Inc. 2,277 26,960 # Selective Insurance Group, Inc. 172,504 8,737,328 # ServisFirst Bancshares, Inc. 75,834 2,755,808 Shore Bancshares, Inc. 6,595 111,390 SI Financial Group, Inc. 10,889 168,235 Siebert Financial Corp. 8,302 33,291 Sierra Bancorp 18,333 502,324 * Signature Bank 76,997 10,670,244 # Simmons First National Corp. Class A 82,138 4,480,628 * SLM Corp. 1,428,379 15,826,439 # South State Corp. 81,654 6,838,522 * Southern First Bancshares, Inc. 3,032 111,729 Southern Missouri Bancorp, Inc. 2,922 94,702 Southern National Bancorp of Virginia, Inc. 3,903 66,039 # Southside Bancshares, Inc. 59,714 2,073,867 Southwest Bancorp, Inc. 33,848 883,433 Southwest Georgia Financial Corp. 1,954 38,494 State Auto Financial Corp. 56,803 1,464,949 State Bank Financial Corp. 25,175 691,054 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) State National Cos., Inc. 15,457 $ 322,742 State Street Corp. 269,851 25,158,209 # Sterling Bancorp 336,306 7,768,669 Stewart Information Services Corp. 93,356 3,668,891 #* Stifel Financial Corp. 135,653 6,897,955 # Stock Yards Bancorp, Inc. 46,945 1,682,978 Stonegate Bank 9,223 429,331 Summit State Bank 5,496 71,448 Sun Bancorp, Inc. 10,180 247,883 SunTrust Banks, Inc. 328,866 18,840,733 # Sussex Bancorp 3,771 90,504 * SVB Financial Group 79,723 14,225,772 Synchrony Financial 1,239,074 37,568,724 Synovus Financial Corp. 389,878 16,951,895 # T Rowe Price Group, Inc. 469,797 38,861,608 TCF Financial Corp. 520,734 8,206,768 # TD Ameritrade Holding Corp. 402,247 18,394,755 Territorial Bancorp, Inc. 17,602 530,348 # Teton Advisors, Inc. Class A 95 3,539 #* Texas Capital Bancshares, Inc. 142,625 11,174,669 # TFS Financial Corp. 355,052 5,673,731 * Third Point Reinsurance, Ltd. 4,222 61,430 Timberland Bancorp, Inc. 5,770 155,559 Tiptree, Inc. 128,893 882,917 # Tompkins Financial Corp. 32,442 2,553,510 Torchmark Corp. 166,430 13,142,977 # Towne Bank 99,203 3,105,054 Travelers Cos., Inc. (The) 327,051 41,891,963 Trico Bancshares 41,542 1,532,900 #* TriState Capital Holdings, Inc. 27,128 623,944 TrustCo Bank Corp. NY 304,270 2,525,441 Trustmark Corp. 215,966 6,902,273 U.S. Bancorp. 1,203,717 63,532,183 # UMB Financial Corp. 120,439 8,389,781 Umpqua Holdings Corp. 568,364 10,537,469 * Unico American Corp. 100 930 # Union Bankshares Corp. 105,835 3,269,243 Union Bankshares, Inc. 2,439 106,950 United Bancshares, Inc. 2,086 46,726 # United Bankshares, Inc. 230,845 7,964,152 United Community Bancorp 1,156 22,080 # United Community Banks, Inc. 208,699 5,793,484 United Community Financial Corp. 11,197 103,012 United Financial Bancorp, Inc. 109,153 1,974,578 United Fire Group, Inc. 62,405 2,815,714 # United Insurance Holdings Corp. 33,570 535,777 # United Security Bancshares 9,781 91,941 # Unity Bancorp, Inc. 7,055 130,518 Universal Insurance Holdings, Inc. 154,584 3,686,828 # Univest Corp. of Pennsylvania 60,045 1,831,372 Unum Group 295,052 14,790,957 Validus Holdings, Ltd. 188,628 10,146,300 Valley National Bancorp 564,679 6,708,387 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) Value Line, Inc. 7,363 $ 130,251 * Veritex Holdings, Inc. 1,008 26,863 # Virtu Financial, Inc. Class A 27,847 460,868 # Virtus Investment Partners, Inc. 21,916 2,581,705 Voya Financial, Inc. 278,481 10,927,594 VSB Bancorp, Inc. 134 2,392 # Waddell & Reed Financial, Inc. Class A 217,109 4,487,643 * Walker & Dunlop, Inc. 125,487 6,305,722 Washington Federal, Inc. 325,415 10,885,132 Washington Trust Bancorp, Inc. 41,944 2,283,851 Waterstone Financial, Inc. 52,579 991,114 Wayne Savings Bancshares, Inc. 1,615 28,101 # Webster Financial Corp. 262,416 13,627,263 Wells Fargo & Co. 4,176,962 225,305,330 WesBanco, Inc. 118,603 4,534,193 West Bancorporation, Inc. 55,086 1,266,978 # Westamerica Bancorporation 67,002 3,666,349 * Western Alliance Bancorp 317,203 15,980,687 Western New England Bancorp, Inc. 62,879 625,646 # Westwood Holdings Group, Inc. 12,140 715,653 White Mountains Insurance Group, Ltd. 10,413 9,003,080 Willis Towers Watson P.L.C. 153,054 22,786,680 Wintrust Financial Corp. 172,887 13,020,120 # WisdomTree Investments, Inc. 235,235 2,455,853 * World Acceptance Corp. 24,517 1,852,750 # WR Berkley Corp. 256,278 17,675,494 WSFS Financial Corp. 64,809 2,926,126 WVS Financial Corp. 2,157 34,631 * Xenith Bankshares, Inc. 91 2,564 XL Group, Ltd. 304,513 13,520,377 # Zions Bancorporation 287,229 13,017,218 -------------- Total Financials 3,988,100,116 -------------- Health Care -- (10.1%) # Abaxis, Inc. 38,543 1,811,521 Abbott Laboratories 1,267,250 62,323,355 AbbVie, Inc. 469,044 32,790,866 * ABIOMED, Inc. 35,912 5,318,208 #* Acadia Healthcare Co., Inc. 181,258 9,593,986 #* Accuray, Inc. 2,536 10,778 # Aceto Corp. 78,201 1,320,033 #* Achillion Pharmaceuticals, Inc. 191,929 786,909 #* Acorda Therapeutics, Inc. 98,116 2,124,211 #* Adamas Pharmaceuticals, Inc. 3,338 57,914 * Addus HomeCare Corp. 32,406 1,100,184 Aetna, Inc. 323,980 49,993,354 Agilent Technologies, Inc. 308,147 18,424,109 #* Akorn, Inc. 209,431 7,041,070 #* Albany Molecular Research, Inc. 57,748 1,255,442 * Alere, Inc. 169,936 8,563,075 * Alexion Pharmaceuticals, Inc. 65,066 8,936,164 #* Align Technology, Inc. 110,039 18,401,822 #* Alkermes P.L.C. 27,369 1,489,147 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) Allergan P.L.C. 216,302 $54,579,484 * Alliance HealthCare Services, Inc. 12,755 169,004 * Allied Healthcare Products, Inc. 3,482 7,312 #* Allscripts Healthcare Solutions, Inc. 402,965 4,960,499 * Almost Family, Inc. 37,015 1,830,392 #* Alnylam Pharmaceuticals, Inc. 34,598 2,862,639 #* AMAG Pharmaceuticals, Inc. 29,182 573,426 #* Amedisys, Inc. 71,784 3,399,690 * American Renal Associates Holdings, Inc. 7,515 128,506 * American Shared Hospital Services 4,179 15,671 # AmerisourceBergen Corp. 143,675 13,479,588 Amgen, Inc. 327,896 57,221,131 #* Amicus Therapeutics, Inc. 6,394 82,802 #* AMN Healthcare Services, Inc. 209,051 7,713,982 #* Amphastar Pharmaceuticals, Inc. 32,099 554,671 Analogic Corp. 28,442 1,996,628 * AngioDynamics, Inc. 77,790 1,264,087 #* ANI Pharmaceuticals, Inc. 7,278 354,657 #* Anika Therapeutics, Inc. 54,617 2,794,206 Anthem, Inc. 221,103 41,171,590 * Aptevo Therapeutics, Inc. 52,865 97,272 #* Aralez Pharmaceuticals, Inc. 44,728 54,121 * Assembly Biosciences, Inc. 4,031 90,335 #* athenahealth, Inc. 46,933 6,491,773 # Atrion Corp. 4,902 3,099,044 Baxter International, Inc. 303,533 18,357,676 Becton Dickinson and Co. 71,544 14,408,962 * Bio-Rad Laboratories, Inc. Class A 52,242 12,309,782 #* Bio-Rad Laboratories, Inc. Class B 2,960 699,374 # Bio-Techne Corp. 54,194 6,281,627 * Biogen, Inc. 68,007 19,694,147 #* BioMarin Pharmaceutical, Inc. 24,611 2,159,123 #* BioScrip, Inc. 183,767 531,087 * BioSpecifics Technologies Corp. 15,129 736,026 #* BioTelemetry, Inc. 108,856 3,722,875 #* Bioverativ, Inc. 92,300 5,719,831 #* Bluebird Bio, Inc. 26,298 2,478,586 * Boston Scientific Corp. 486,545 12,951,828 * Bovie Medical Corp. 16,167 40,903 Bristol-Myers Squibb Co. 600,045 34,142,560 #* Brookdale Senior Living, Inc. 302,549 4,296,196 Bruker Corp. 222,548 6,382,677 * Cambrex Corp. 143,612 8,760,332 Cantel Medical Corp. 79,179 5,875,082 #* Capital Senior Living Corp. 86,323 1,191,257 Cardinal Health, Inc. 144,847 11,190,879 * Catalent, Inc. 290,873 10,093,293 * Celgene Corp. 215,795 29,220,801 #* Celldex Therapeutics, Inc. 14,858 34,025 * Cempra, Inc. 25,268 101,072 * Centene Corp. 253,565 20,138,132 #* Cerner Corp. 60,976 3,925,025 * Charles River Laboratories International, Inc. 115,431 11,335,324 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) # Chemed Corp. 46,427 $ 9,169,332 Cigna Corp. 229,785 39,881,485 #* Civitas Solutions, Inc. 1,852 33,058 #* Clovis Oncology, Inc. 4,367 370,365 #* Community Health Systems, Inc. 362,150 2,589,372 # Computer Programs & Systems, Inc. 22,595 692,537 * Concert Pharmaceuticals, Inc. 21,867 315,541 # CONMED Corp. 59,387 3,047,741 Cooper Cos., Inc. (The) 36,167 8,820,046 #* Corcept Therapeutics, Inc. 181,767 2,266,634 * CorVel Corp. 49,374 2,347,734 #* Cotiviti Holdings, Inc. 5,141 221,320 CR Bard, Inc. 47,908 15,359,305 #* Cross Country Healthcare, Inc. 68,004 799,727 * CryoLife, Inc. 83,711 1,569,581 * Cumberland Pharmaceuticals, Inc. 29,618 199,033 * Cutera, Inc. 22,365 582,608 * Cytokinetics, Inc. 3,665 51,493 Danaher Corp. 400,457 32,633,241 * DaVita, Inc. 350,972 22,735,966 DENTSPLY SIRONA, Inc. 250,965 15,567,359 #* Depomed, Inc. 168,276 1,734,926 #* DexCom, Inc. 26,640 1,774,490 #* Dicerna Pharmaceuticals, Inc. 900 3,384 Digirad Corp. 23,800 97,580 * Diplomat Pharmacy, Inc. 61,528 976,449 #* Eagle Pharmaceuticals, Inc. 5,279 259,463 * Edwards Lifesciences Corp. 100,660 11,594,019 Eli Lilly & Co. 253,092 20,920,585 #* Emergent BioSolutions, Inc. 106,130 3,859,948 * Enanta Pharmaceuticals, Inc. 11,704 446,039 #* Endo International P.L.C. 230,750 2,542,865 # Ensign Group, Inc. (The) 142,576 3,189,425 #* Envision Healthcare Corp. 176,612 9,966,215 * Enzo Biochem, Inc. 137,268 1,489,358 #* Evolent Health, Inc. Class A 4,329 106,926 #* Exact Sciences Corp. 8,145 316,026 * Exactech, Inc. 24,651 718,577 * Exelixis, Inc. 73,799 2,000,691 * Express Scripts Holding Co. 729,276 45,681,849 #* Five Prime Therapeutics, Inc. 109,103 3,070,158 * Five Star Senior Living, Inc. 21,077 33,723 #* Fluidigm Corp. 4,067 15,292 * Genesis Healthcare, Inc. 34,371 49,494 Gilead Sciences, Inc. 504,261 38,369,219 #* Globus Medical, Inc. Class A 203,273 6,250,645 * Haemonetics Corp. 108,068 4,444,837 #* Halyard Health, Inc. 149,975 6,031,994 #* Hanger, Inc. 63,789 739,952 * Harvard Bioscience, Inc. 60,395 169,106 * HCA Healthcare, Inc. 62,915 5,054,591 #* HealthEquity, Inc. 43,426 1,991,951 HealthSouth Corp. 219,407 9,337,962 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) * HealthStream, Inc. 84,455 $ 1,994,827 * Henry Schein, Inc. 66,411 12,100,748 #* Heska Corp. 4,066 445,390 Hill-Rom Holdings, Inc. 228,864 17,054,945 * HMS Holdings Corp. 191,191 3,839,115 #* Hologic, Inc. 620,777 27,444,551 * Horizon Pharma P.L.C. 376,269 4,507,703 Humana, Inc. 152,113 35,168,526 * ICU Medical, Inc. 46,210 7,943,499 #* IDEXX Laboratories, Inc. 57,480 9,568,121 #* Illumina, Inc. 23,007 3,999,767 #* Impax Laboratories, Inc. 160,842 3,112,293 * INC Research Holdings, Inc. Class A 139,239 7,658,145 * Incyte Corp. 71,749 9,563,424 * Innoviva, Inc. 12,487 171,322 #* Inogen, Inc. 29,860 2,818,187 #* Insys Therapeutics, Inc. 25,530 292,574 * Integer Holdings Corp. 58,197 2,665,423 #* Integra LifeSciences Holdings Corp. 169,574 8,421,045 #* Intuitive Surgical, Inc. 8,719 8,180,689 # Invacare Corp. 103,922 1,626,379 #* Ionis Pharmaceuticals, Inc. 31,078 1,628,487 #* iRadimed Corp. 2,040 20,094 #* IRIDEX Corp. 12,103 113,768 #* Jazz Pharmaceuticals P.L.C. 60,087 9,229,964 Johnson & Johnson 1,205,261 159,962,240 #* Juniper Pharmaceuticals, Inc. 811 4,014 * Karyopharm Therapeutics, Inc. 1,986 16,762 Kewaunee Scientific Corp. 3,000 75,900 * Kindred Biosciences, Inc. 88,789 648,160 # Kindred Healthcare, Inc. 335,309 3,001,016 #* Kite Pharma, Inc. 18,600 2,016,426 * Laboratory Corp. of America Holdings 135,098 21,468,423 Landauer, Inc. 11,345 617,735 #* Lannett Co., Inc. 101,012 2,055,594 * Lantheus Holdings, Inc. 19,121 352,782 # LeMaitre Vascular, Inc. 49,735 1,793,941 * LHC Group, Inc. 45,400 2,628,660 * LifePoint Health, Inc. 118,056 7,012,526 #* Ligand Pharmaceuticals, Inc. 34,221 4,137,661 #* Lipocine, Inc. 41,781 211,830 * LivaNova P.L.C. 61,247 3,732,392 # Luminex Corp. 85,409 1,744,906 * MacroGenics, Inc. 6,021 99,467 * Magellan Health, Inc. 83,014 6,188,694 #* Mallinckrodt P.L.C. 154,637 7,082,375 * Masimo Corp. 126,336 11,951,386 McKesson Corp. 135,928 22,002,665 #* Medicines Co. (The) 40,419 1,554,111 #* MediciNova, Inc. 5,363 27,941 #* Medidata Solutions, Inc. 4,658 357,781 #* MEDNAX, Inc. 153,884 7,229,470 Medtronic P.L.C. 642,842 53,979,443 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Health Care -- (Continued) Merck & Co., Inc. 1,222,425 $ 78,088,509 # Meridian Bioscience, Inc. 118,029 1,599,293 * Merit Medical Systems, Inc. 118,294 4,850,054 * Mettler-Toledo International, Inc. 16,178 9,271,288 * Micron Solutions, Inc. 1,790 7,088 * Miragen Therapeutics, Inc. 3,231 44,200 * Misonix, Inc. 8,260 70,210 #* Molina Healthcare, Inc. 181,634 12,133,151 #* Momenta Pharmaceuticals, Inc. 88,278 1,461,001 * Mylan NV 298,792 11,649,900 #* Myriad Genetics, Inc. 138,345 3,357,633 National HealthCare Corp. 25,297 1,648,605 # National Research Corp. Class A 29,412 864,713 National Research Corp. Class B 4,902 247,257 #* Natus Medical, Inc. 83,592 2,942,438 #* Neogen Corp. 68,487 4,511,239 #* NeoGenomics, Inc. 1,600 15,120 #* Neurocrine Biosciences, Inc. 39,964 1,919,471 #* NewLink Genetics Corp. 10,777 77,810 #* NuVasive, Inc. 107,433 7,068,017 #* Nuvectra Corp. 15,877 185,126 #* Omnicell, Inc. 86,195 4,275,272 #* Opko Health, Inc. 346,194 2,232,951 * OraSure Technologies, Inc. 112,398 1,971,461 * Orthofix International NV 48,047 2,084,279 # Owens & Minor, Inc. 188,242 6,067,040 * PAREXEL International Corp. 125,815 11,011,329 # Patterson Cos., Inc. 294,643 12,292,506 # PDL BioPharma, Inc. 197,098 447,412 PerkinElmer, Inc. 151,966 10,003,922 # Perrigo Co. P.L.C. 48,143 3,606,874 Pfizer, Inc. 5,076,988 168,352,922 * PharMerica Corp. 78,947 1,985,517 Phibro Animal Health Corp. Class A 33,518 1,280,388 * PRA Health Sciences, Inc. 82,171 6,113,522 #* Premier, Inc. Class A 98,550 3,439,395 #* Prestige Brands Holdings, Inc. 159,009 8,527,653 #* Progenics Pharmaceuticals, Inc. 18,164 109,529 * ProPhase Labs, Inc. 19,981 41,760 * Providence Service Corp. (The) 47,720 2,459,489 Psychemedics Corp. 1,810 46,264 #* PTC Therapeutics, Inc. 11,500 237,130 #* Quality Systems, Inc. 170,171 2,909,924 Quest Diagnostics, Inc. 214,056 23,184,405 * Quidel Corp. 53,525 1,712,265 #* Quintiles IMS Holdings, Inc. 174,480 15,799,164 #* Quorum Health Corp. 85,814 292,626 #* R1 RCM, Inc. 39,576 134,163 * RadNet, Inc. 86,100 662,970 * Regeneron Pharmaceuticals, Inc. 21,372 10,506,903 #* Repligen Corp. 51,897 2,089,892 # ResMed, Inc. 67,431 5,200,279 #* Retrophin, Inc. 19,087 386,321 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Health Care -- (Continued) #* Rigel Pharmaceuticals, Inc. 82,816 $ 196,274 * RTI Surgical, Inc. 118,166 673,546 * SciClone Pharmaceuticals, Inc. 127,863 1,400,100 #* SeaSpine Holdings Corp. 17,658 199,182 #* Seattle Genetics, Inc. 51,004 2,575,702 * Select Medical Holdings Corp. 389,193 6,304,927 Simulations Plus, Inc. 4,400 65,120 * Spectrum Pharmaceuticals, Inc. 126,019 940,102 # STERIS P.L.C. 95,305 7,800,714 Stryker Corp. 85,680 12,603,528 #* Sucampo Pharmaceuticals, Inc. Class A 108,737 1,179,796 #* Supernus Pharmaceuticals, Inc. 91,728 3,710,398 #* Surgery Partners, Inc. 37,709 748,524 * Surmodics, Inc. 43,052 1,132,268 #* Taro Pharmaceutical Industries, Ltd. 34,444 3,937,983 Teleflex, Inc. 81,135 16,812,795 #* Tenet Healthcare Corp. 477,185 8,279,160 #* TESARO, Inc. 20,570 2,625,966 * Tetraphase Pharmaceuticals, Inc. 11,322 74,046 Thermo Fisher Scientific, Inc. 271,271 47,616,199 #* Tivity Health, Inc. 149,399 5,923,670 * Triple-S Management Corp. Class B 65,573 1,015,070 #* United Therapeutics Corp. 151,091 19,400,084 UnitedHealth Group, Inc. 617,082 118,362,498 Universal Health Services, Inc. Class B 138,443 15,343,638 # US Physical Therapy, Inc. 39,877 2,516,239 # Utah Medical Products, Inc. 7,296 504,154 #* Varex Imaging Corp. 96,924 2,990,105 #* Varian Medical Systems, Inc. 40,314 3,915,296 * VCA, Inc. 179,948 16,659,586 #* Veeva Systems, Inc. Class A 85,101 5,426,040 * Vertex Pharmaceuticals, Inc. 23,222 3,525,564 * VWR Corp. 317,458 10,476,114 * Waters Corp. 30,078 5,216,728 * WellCare Health Plans, Inc. 118,254 20,929,775 West Pharmaceutical Services, Inc. 99,646 8,838,600 * Wright Medical Group NV 58,199 1,528,888 #* Xencor, Inc. 20,674 482,738 * Zafgen, Inc. 3,187 10,772 Zimmer Biomet Holdings, Inc. 111,475 13,524,147 Zoetis, Inc. 171,864 10,744,937 * Zogenix, Inc. 2,200 26,400 -------------- Total Health Care 2,364,842,667 -------------- Industrials -- (12.8%) 3M Co. 190,634 38,349,842 # AAON, Inc. 127,085 4,295,473 AAR Corp. 86,264 3,226,274 # ABM Industries, Inc. 141,593 6,317,880 #* Acacia Research Corp. 80,906 279,126 * ACCO Brands Corp. 306,658 3,572,566 Acme United Corp. 2,302 63,696 # Actuant Corp. Class A 148,778 3,600,428 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # Acuity Brands, Inc. 30,935 $ 6,268,978 # Advanced Drainage Systems, Inc. 42,351 870,313 #* Advisory Board Co. (The) 85,442 4,801,840 #* AECOM 358,135 11,424,506 * Aegion Corp. 89,592 2,144,832 * AeroCentury Corp. 1,459 18,675 #* Aerojet Rocketdyne Holdings, Inc. 169,641 3,978,081 #* Aerovironment, Inc. 58,718 2,218,953 AGCO Corp. 226,129 16,312,946 # Air Lease Corp. 345,744 13,684,548 * Air Transport Services Group, Inc. 297,354 7,243,543 # Aircastle, Ltd. 114,215 2,688,621 Alamo Group, Inc. 26,913 2,503,178 Alaska Air Group, Inc. 289,916 24,709,541 # Albany International Corp. Class A 75,705 4,050,218 # Allegiant Travel Co. 42,106 5,442,200 # Allegion P.L.C. 83,230 6,761,605 Allied Motion Technologies, Inc. 38,843 1,149,364 # Allison Transmission Holdings, Inc. 373,864 14,132,059 Altra Industrial Motion Corp. 102,543 4,568,291 AMERCO 34,823 13,530,825 * Ameresco, Inc. Class A 37,184 243,555 # American Airlines Group, Inc. 199,017 10,038,417 # American Railcar Industries, Inc. 39,572 1,455,062 * American Superconductor Corp. 952 3,037 * American Woodmark Corp. 65,428 6,421,758 # AMETEK, Inc. 297,365 18,311,737 * AMREP Corp. 9,572 65,855 # AO Smith Corp. 197,600 10,581,480 # Apogee Enterprises, Inc. 95,701 4,985,065 Applied Industrial Technologies, Inc. 112,212 6,339,978 * ARC Document Solutions, Inc. 125,704 434,936 ArcBest Corp. 42,847 1,191,147 Arconic, Inc. 624,279 15,475,876 # Argan, Inc. 83,846 5,403,875 * Armstrong Flooring, Inc. 72,257 1,254,382 #* Armstrong World Industries, Inc. 142,770 6,931,483 * Arotech Corp. 5,156 18,562 Astec Industries, Inc. 63,116 3,172,841 * Astronics Corp. 52,521 1,536,239 #* Astronics Corp. Class B 25,127 736,849 #* Atlas Air Worldwide Holdings, Inc. 73,534 4,367,920 * Avalon Holdings Corp. Class A 1,202 2,729 #* Avis Budget Group, Inc. 279,032 8,588,605 #* Axon Enterprise, Inc. 94,811 2,331,402 AZZ, Inc. 81,423 4,128,146 #* Babcock & Wilcox Enterprises, Inc. 128,425 1,348,463 Barnes Group, Inc. 142,289 8,562,952 # Barrett Business Services, Inc. 18,242 1,003,857 * Beacon Roofing Supply, Inc. 156,995 7,210,780 * BlueLinx Holdings, Inc. 8,614 90,016 #* BMC Stock Holdings, Inc. 132,763 2,920,786 Boeing Co. (The) 182,915 44,349,571 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) Brady Corp. Class A 114,531 $ 3,802,429 Briggs & Stratton Corp. 95,581 2,238,507 Brink's Co. (The) 183,297 14,324,661 * Broadwind Energy, Inc. 2,072 9,158 #* Builders FirstSource, Inc. 374,827 5,873,539 BWX Technologies, Inc. 193,548 10,196,109 * CAI International, Inc. 44,091 1,156,507 Carlisle Cos., Inc. 103,718 10,121,840 * Casella Waste Systems, Inc. Class A 104,332 1,750,691 Caterpillar, Inc. 431,816 49,205,433 * CBIZ, Inc. 152,798 2,269,050 * CDI Corp. 32,781 270,443 CECO Environmental Corp. 39,124 377,938 # Celadon Group, Inc. 71,433 325,020 # CH Robinson Worldwide, Inc. 67,324 4,416,454 * Chart Industries, Inc. 106,930 3,635,620 # Chicago Bridge & Iron Co. NV 235,031 4,404,481 Chicago Rivet & Machine Co. 653 23,991 # Cintas Corp. 77,276 10,420,669 # CIRCOR International, Inc. 41,357 2,070,331 * Civeo Corp. 196,714 379,658 #* Clean Harbors, Inc. 166,819 9,475,319 * Colfax Corp. 260,088 10,736,433 Columbus McKinnon Corp. 47,221 1,218,302 # Comfort Systems USA, Inc. 120,426 4,010,186 #* Command Security Corp. 10,654 33,773 * Commercial Vehicle Group, Inc. 46,814 411,027 CompX International, Inc. 3,471 50,330 * Continental Building Products, Inc. 125,245 2,755,390 * Continental Materials Corp. 1,019 22,724 Copa Holdings SA Class A 82,408 10,338,908 #* Copart, Inc. 331,246 10,430,937 Costamare, Inc. 93,310 599,983 # Covanta Holding Corp. 690,659 10,428,951 * Covenant Transportation Group, Inc. Class A 53,509 1,003,294 #* CPI Aerostructures, Inc. 8,781 83,420 CRA International, Inc. 21,532 835,657 Crane Co. 148,221 11,190,685 * CSW Industrials, Inc. 2,970 115,979 CSX Corp. 987,114 48,704,205 # Cubic Corp. 69,452 3,309,388 Cummins, Inc. 142,407 23,910,135 Curtiss-Wright Corp. 142,599 13,749,396 Deere & Co. 165,751 21,262,538 Delta Air Lines, Inc. 1,138,794 56,210,872 # Deluxe Corp. 174,643 12,609,225 * DigitalGlobe, Inc. 171,959 6,001,369 DMC Global, Inc. 35,935 499,497 # Donaldson Co., Inc. 202,849 9,633,299 Douglas Dynamics, Inc. 106,351 3,381,962 Dover Corp. 211,947 17,803,548 * Ducommun, Inc. 20,564 595,533 Dun & Bradstreet Corp. (The) 42,223 4,676,619 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) * DXP Enterprises, Inc. 33,780 $ 965,770 #* Dycom Industries, Inc. 133,264 12,073,718 Eastern Co. (The) 6,782 197,356 Eaton Corp. P.L.C. 282,490 22,104,842 #* Echo Global Logistics, Inc. 74,789 1,020,870 Ecology and Environment, Inc. Class A 3,767 47,088 EMCOR Group, Inc. 183,159 12,363,232 # Emerson Electric Co. 321,806 19,182,856 Encore Wire Corp. 49,831 2,222,463 #* Energy Focus, Inc. 54 118 EnerSys 123,163 8,900,990 * Engility Holdings, Inc. 38,834 1,132,788 Ennis, Inc. 63,638 1,225,032 # EnPro Industries, Inc. 62,938 4,847,485 # EnviroStar, Inc. 100 2,535 Equifax, Inc. 94,870 13,797,893 ESCO Technologies, Inc. 61,577 3,799,301 Espey Manufacturing & Electronics Corp. 4,614 103,677 # Essendant, Inc. 90,065 1,124,011 #* Esterline Technologies Corp. 83,024 8,011,816 # Expeditors International of Washington, Inc. 83,843 4,936,676 Exponent, Inc. 64,776 4,223,395 # Fastenal Co. 127,276 5,467,777 Federal Signal Corp. 230,431 4,262,973 FedEx Corp. 275,432 57,298,119 # Flowserve Corp. 180,069 7,406,238 Fluor Corp. 205,155 8,909,882 Fortive Corp. 169,508 10,973,948 # Fortune Brands Home & Security, Inc. 180,836 11,875,500 Forward Air Corp. 77,345 4,008,791 * Franklin Covey Co. 39,267 732,330 Franklin Electric Co., Inc. 109,802 4,436,001 FreightCar America, Inc. 38,983 640,881 * FTI Consulting, Inc. 152,362 4,998,997 * Fuel Tech, Inc. 30,552 26,580 # GATX Corp. 100,886 6,237,781 * Gencor Industries, Inc. 9,567 153,550 #* Generac Holdings, Inc. 224,743 8,084,006 # General Cable Corp. 166,267 3,208,953 General Dynamics Corp. 128,618 25,251,572 General Electric Co. 3,481,279 89,155,555 #* Genesee & Wyoming, Inc. Class A 148,096 9,649,935 * Gibraltar Industries, Inc. 87,259 2,604,681 Global Brass & Copper Holdings, Inc. 59,465 1,905,853 * Global Power Equipment Group, Inc. 23,539 76,266 * GMS, Inc. 99,557 2,988,701 * Golden Ocean Group, Ltd. 20,259 145,662 #* Goldfield Corp. (The) 33,170 169,167 Gorman-Rupp Co. (The) 96,262 2,909,038 * GP Strategies Corp. 61,912 1,773,779 # Graco, Inc. 90,859 10,543,278 Graham Corp. 17,619 352,556 # Granite Construction, Inc. 103,633 5,080,090 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Great Lakes Dredge & Dock Corp. 142,215 $ 561,749 # Greenbrier Cos., Inc. (The) 47,338 2,130,210 # Griffon Corp. 110,007 2,255,144 # H&E Equipment Services, Inc. 150,001 3,385,523 Hardinge, Inc. 16,040 194,084 * Harsco Corp. 256,028 3,955,633 #* Hawaiian Holdings, Inc. 265,654 10,998,076 * HC2 Holdings, Inc. 10,474 62,949 * HD Supply Holdings, Inc. 127,275 4,135,165 # Healthcare Services Group, Inc. 71,247 3,722,656 # Heartland Express, Inc. 325,169 6,870,821 # HEICO Corp. 77,692 6,244,106 HEICO Corp. Class A 110,343 7,839,870 Heidrick & Struggles International, Inc. 49,096 888,638 #* Herc Holdings, Inc. 92,783 4,210,493 * Heritage-Crystal Clean, Inc. 12,690 238,572 Herman Miller, Inc. 229,128 7,715,885 #* Hertz Global Holdings, Inc. 156,750 2,142,773 # Hexcel Corp. 305,271 15,620,717 * Hill International, Inc. 51,954 262,368 Hillenbrand, Inc. 261,472 9,412,992 # HNI Corp. 146,617 5,534,792 Honeywell International, Inc. 336,418 45,793,218 Houston Wire & Cable Co. 30,850 177,388 * Hub Group, Inc. Class A 101,389 3,452,295 Hubbell, Inc. 110,245 13,096,004 Hudson Global, Inc. 43,679 58,530 #* Hudson Technologies, Inc. 22,336 180,698 Huntington Ingalls Industries, Inc. 102,523 21,131,016 Hurco Cos., Inc. 13,995 461,135 * Huron Consulting Group, Inc. 56,712 2,013,276 # Hyster-Yale Materials Handling, Inc. 31,307 2,218,414 * ICF International, Inc. 44,578 2,017,155 # IDEX Corp. 101,899 11,875,309 #* IES Holdings, Inc. 26,151 444,567 Illinois Tool Works, Inc. 102,413 14,410,533 Ingersoll-Rand P.L.C. 270,447 23,766,882 * InnerWorkings, Inc. 237,765 2,803,249 * Innovative Solutions & Support, Inc. 19,910 79,839 Insperity, Inc. 65,250 4,926,375 # Insteel Industries, Inc. 72,830 1,916,886 # Interface, Inc. 194,886 3,693,090 * Intersections, Inc. 30,961 135,919 # ITT, Inc. 248,892 10,204,572 Jacobs Engineering Group, Inc. 170,138 8,969,675 JB Hunt Transport Services, Inc. 61,308 5,561,249 * JetBlue Airways Corp. 880,966 19,319,584 # John Bean Technologies Corp. 73,932 6,831,317 Johnson Controls International P.L.C. 323,847 12,613,841 Kadant, Inc. 21,089 1,645,996 # Kaman Corp. 85,699 4,380,933 Kansas City Southern 127,913 13,199,342 KAR Auction Services, Inc. 424,705 17,854,598 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # KBR, Inc. 335,133 $ 5,000,184 Kelly Services, Inc. Class A 86,579 1,928,114 Kelly Services, Inc. Class B 1,275 28,790 Kennametal, Inc. 243,296 8,977,622 * Key Technology, Inc. 7,462 106,707 Kforce, Inc. 103,099 1,927,951 Kimball International, Inc. Class B 134,515 2,242,365 #* Kirby Corp. 158,061 9,625,915 #* KLX, Inc. 115,458 5,994,579 # Knight Transportation, Inc. 297,635 10,610,688 Knoll, Inc. 174,933 3,386,703 Korn/Ferry International 176,480 5,903,256 #* Kratos Defense & Security Solutions, Inc. 169,115 1,861,111 L3 Technologies, Inc. 88,894 15,553,783 Landstar System, Inc. 83,378 6,932,881 * Lawson Products, Inc. 12,431 286,535 * Layne Christensen Co. 38,468 407,376 LB Foster Co. Class A 18,418 324,157 # Lennox International, Inc. 45,367 7,757,757 # Lincoln Electric Holdings, Inc. 142,602 12,443,451 Lindsay Corp. 20,998 1,924,887 Lockheed Martin Corp. 82,994 24,245,037 LS Starrett Co. (The) Class A 10,357 82,856 LSC Communications, Inc. 58,800 1,257,144 # LSI Industries, Inc. 63,529 531,738 * Lydall, Inc. 45,403 2,247,449 # Macquarie Infrastructure Corp. 94,385 7,155,327 * Manitex International, Inc. 2,123 15,010 #* Manitowoc Co., Inc. (The) 432,788 2,471,219 ManpowerGroup, Inc. 111,195 11,914,544 Marten Transport, Ltd. 105,553 1,683,570 Masco Corp. 163,229 6,223,922 * Masonite International Corp. 75,755 5,882,376 #* MasTec, Inc. 272,963 12,610,891 * Mastech Digital, Inc. 3,567 33,672 Matson, Inc. 163,230 4,603,086 Matthews International Corp. Class A 81,846 5,365,005 McGrath RentCorp 64,840 2,303,765 #* Mercury Systems, Inc. 89,720 3,939,605 #* Meritor, Inc. 223,621 3,864,171 #* Middleby Corp. (The) 52,721 6,889,580 #* Milacron Holdings Corp. 38,771 697,103 Miller Industries, Inc. 16,917 441,534 #* Mistras Group, Inc. 53,369 1,075,385 Mobile Mini, Inc. 129,956 4,002,645 * Moog, Inc. Class A 91,538 6,803,104 * Moog, Inc. Class B 6,265 471,880 * MRC Global, Inc. 358,436 5,856,844 MSA Safety, Inc. 106,891 8,568,383 MSC Industrial Direct Co., Inc. Class A 151,674 10,800,706 Mueller Industries, Inc. 172,490 5,433,435 Mueller Water Products, Inc. Class A 742,259 8,610,204 # Multi-Color Corp. 51,855 4,174,327 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * MYR Group, Inc. 63,726 $ 2,027,124 National Presto Industries, Inc. 10,454 1,182,347 * Navigant Consulting, Inc. 125,523 2,125,104 #* Navistar International Corp. 81,897 2,519,971 #* NCI Building Systems, Inc. 251,277 4,522,986 Nielsen Holdings P.L.C. 435,544 18,732,747 * NL Industries, Inc. 94,982 740,860 NN, Inc. 79,336 2,197,607 # Nordson Corp. 89,799 11,404,473 Norfolk Southern Corp. 273,828 30,827,556 Northrop Grumman Corp. 73,523 19,346,107 * Northwest Pipe Co. 15,204 229,732 #* NOW, Inc. 223,571 3,561,486 #* NV5 Global, Inc. 6,648 276,224 Old Dominion Freight Line, Inc. 228,131 21,880,044 # Omega Flex, Inc. 8,973 538,739 * On Assignment, Inc. 147,764 7,277,377 # Orbital ATK, Inc. 153,225 15,656,530 #* Orion Energy Systems, Inc. 30,093 34,908 * Orion Group Holdings, Inc. 34,844 244,605 Oshkosh Corp. 231,655 15,951,763 Owens Corning 261,607 17,540,749 PACCAR, Inc. 409,972 28,062,583 * PAM Transportation Services, Inc. 4,682 82,075 Park-Ohio Holdings Corp. 28,653 1,138,957 Parker-Hannifin Corp. 141,700 23,519,366 * Patrick Industries, Inc. 74,467 5,666,939 * Patriot Transportation Holding, Inc. 3,487 69,757 * Pendrell Corp. 6,753 47,136 Pentair P.L.C. 200,418 12,640,363 * Performant Financial Corp. 119,747 239,494 * Perma-Pipe International Holdings, Inc. 6,501 51,358 #* PGT Innovations, Inc. 207,178 2,693,314 # Pitney Bowes, Inc. 215,804 3,396,755 #* Plug Power, Inc. 2,629 5,942 * Ply Gem Holdings, Inc. 88,047 1,540,823 Powell Industries, Inc. 21,001 668,882 #* Power Solutions International, Inc. 2,080 20,800 Preformed Line Products Co. 8,209 399,942 Primoris Services Corp. 132,613 3,304,716 #* Proto Labs, Inc. 42,728 3,157,599 # Quad/Graphics, Inc. 71,240 1,600,050 Quanex Building Products Corp. 101,905 2,190,958 * Quanta Services, Inc. 433,210 14,612,173 #* Radiant Logistics, Inc. 38,901 168,441 Raven Industries, Inc. 97,890 3,367,416 Raytheon Co. 138,371 23,767,987 #* RBC Bearings, Inc. 58,745 6,070,708 * RCM Technologies, Inc. 15,191 80,816 Regal Beloit Corp. 109,421 9,120,240 Republic Services, Inc. 394,658 25,344,937 Resources Connection, Inc. 99,846 1,332,944 #* Rexnord Corp. 346,718 8,029,989 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Roadrunner Transportation Systems, Inc. 75,595 $ 527,653 Robert Half International, Inc. 135,374 6,125,673 Rockwell Automation, Inc. 70,845 11,691,550 Rockwell Collins, Inc. 213,567 22,751,293 # Rollins, Inc. 154,277 6,697,165 # Roper Technologies, Inc. 75,818 17,624,652 * RPX Corp. 130,471 1,783,539 # RR Donnelley & Sons Co. 97,269 1,202,245 * Rush Enterprises, Inc. Class A 75,677 3,263,949 * Rush Enterprises, Inc. Class B 12,937 526,277 Ryder System, Inc. 219,896 15,999,633 * Saia, Inc. 88,327 4,800,572 #* Sensata Technologies Holding NV 337,890 15,245,597 Servotronics, Inc. 1,473 13,977 * SIFCO Industries, Inc. 7,118 47,691 # Simpson Manufacturing Co., Inc. 109,819 4,863,884 SkyWest, Inc. 128,660 4,696,090 # Snap-on, Inc. 70,661 10,895,926 Southwest Airlines Co. 730,646 40,558,159 * SP Plus Corp. 26,773 875,477 * Sparton Corp. 11,200 258,272 # Spartan Motors, Inc. 49,297 436,278 Spirit Aerosystems Holdings, Inc. Class A 237,393 14,345,659 * Spirit Airlines, Inc. 245,559 9,539,967 * SPX Corp. 94,392 2,597,668 * SPX FLOW, Inc. 106,592 3,779,752 Standex International Corp. 36,426 3,495,075 Stanley Black & Decker, Inc. 175,224 24,652,265 # Steelcase, Inc. Class A 256,095 3,495,697 #* Stericycle, Inc. 118,761 9,154,098 * Sterling Construction Co., Inc. 25,223 322,350 # Sun Hydraulics Corp. 57,726 2,387,547 Supreme Industries, Inc. Class A 42,344 636,854 #* Swift Transportation Co. 340,181 8,674,615 #* Team, Inc. 71,053 1,019,611 * Teledyne Technologies, Inc. 94,199 12,843,092 Tennant Co. 50,733 3,832,878 Terex Corp. 225,828 8,890,848 Tetra Tech, Inc. 149,854 7,110,572 Textainer Group Holdings, Ltd. 82,635 1,338,687 Textron, Inc. 334,178 16,418,165 #* Thermon Group Holdings, Inc. 50,102 895,323 Timken Co. (The) 197,727 8,996,578 Titan International, Inc. 121,567 1,549,979 * Titan Machinery, Inc. 34,720 619,752 Toro Co. (The) 125,869 8,948,027 # TransDigm Group, Inc. 20,390 5,752,835 * TransUnion 93,264 4,274,289 #* Trex Co., Inc. 80,814 6,078,021 * TriMas Corp. 87,007 2,118,620 * TriNet Group, Inc. 153,479 5,371,765 Trinity Industries, Inc. 486,320 13,330,031 Triton International, Ltd. 110,546 3,986,289 # Triumph Group, Inc. 170,939 4,376,038 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Industrials -- (Continued) * TrueBlue, Inc. 96,216 $ 2,458,319 #* Tutor Perini Corp. 124,839 3,320,717 * Twin Disc, Inc. 22,640 383,069 * Ultralife Corp. 19,679 135,785 UniFirst Corp. 34,479 4,904,638 Union Pacific Corp. 671,012 69,087,396 * United Continental Holdings, Inc. 482,312 32,642,876 United Parcel Service, Inc. Class B 219,864 24,248,801 #* United Rentals, Inc. 212,328 25,258,539 United Technologies Corp. 552,501 65,510,044 * Univar, Inc. 141,490 4,391,850 Universal Forest Products, Inc. 60,701 5,089,779 Universal Logistics Holdings, Inc. 27,780 404,199 # US Ecology, Inc. 70,828 3,675,973 #* USA Truck, Inc. 21,309 197,321 #* USG Corp. 419,466 11,342,361 Valmont Industries, Inc. 57,407 8,766,049 * Vectrus, Inc. 19,305 656,563 #* Verisk Analytics, Inc. 91,093 7,948,775 * Veritiv Corp. 7,828 290,810 * Versar, Inc. 15,761 18,440 Viad Corp. 54,989 2,944,661 #* Vicor Corp. 34,427 611,079 * Virco Manufacturing Corp. 11,119 60,599 #* Volt Information Sciences, Inc. 23,850 87,053 # VSE Corp. 21,136 1,095,902 # Wabash National Corp. 237,922 4,539,552 #* WABCO Holdings, Inc. 57,210 7,870,380 # Wabtec Corp. 131,839 9,935,387 Waste Management, Inc. 233,510 17,548,276 # Watsco, Inc. 60,750 9,159,277 Watsco, Inc. Class B 5,058 770,106 Watts Water Technologies, Inc. Class A 62,008 3,993,315 #* Welbilt, Inc. 339,476 6,616,387 # Werner Enterprises, Inc. 245,639 7,283,196 #* Wesco Aircraft Holdings, Inc. 190,856 2,070,788 * WESCO International, Inc. 121,877 6,246,196 West Corp. 149,344 3,490,169 #* Willdan Group, Inc. 17,098 574,664 * Willis Lease Finance Corp. 8,926 225,649 # Woodward, Inc. 170,996 11,959,460 # WW Grainger, Inc. 37,510 6,254,417 #* XPO Logistics, Inc. 325,499 19,565,745 # Xylem, Inc. 316,502 17,955,158 #* YRC Worldwide, Inc. 64,079 851,610 -------------- Total Industrials 2,987,158,286 -------------- Information Technology -- (17.1%) #* 3D Systems Corp. 49,622 833,650 Accenture P.L.C. Class A 191,972 24,729,833 #* ACI Worldwide, Inc. 343,540 7,959,822 Activision Blizzard, Inc. 392,517 24,249,700 #* Actua Corp. 137,680 1,858,680 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * Acxiom Corp. 169,167 $ 4,562,434 * ADDvantage Technologies Group, Inc. 7,817 11,882 * Adobe Systems, Inc. 74,188 10,867,800 ADTRAN, Inc. 108,518 2,544,747 * Advanced Energy Industries, Inc. 122,423 8,881,789 #* Advanced Micro Devices, Inc. 887,340 12,076,697 * Agilysys, Inc. 65,901 662,964 * Akamai Technologies, Inc. 216,204 10,191,857 Alliance Data Systems Corp. 39,407 9,514,032 * Alpha & Omega Semiconductor, Ltd. 63,975 1,132,357 * Alphabet, Inc. Class A 95,859 90,634,684 * Alphabet, Inc. Class C 100,541 93,553,400 Amdocs, Ltd. 133,008 8,934,147 American Software, Inc. Class A 46,319 449,294 * Amkor Technology, Inc. 654,961 6,791,946 Amphenol Corp. Class A 131,379 10,066,259 * Amtech Systems, Inc. 16,226 143,276 Analog Devices, Inc. 213,127 16,839,164 #* Angie's List, Inc. 49,651 594,819 * Anixter International, Inc. 77,164 6,076,665 * ANSYS, Inc. 92,126 11,934,923 Apple, Inc. 3,188,839 474,276,024 Applied Materials, Inc. 469,595 20,807,754 #* Applied Optoelectronics, Inc. 34,900 3,402,401 * Arista Networks, Inc. 56,520 8,437,871 #* ARRIS International P.L.C. 428,533 11,981,783 * Arrow Electronics, Inc. 191,910 15,600,364 * Aspen Technology, Inc. 122,340 6,957,476 AstroNova, Inc. 9,339 128,878 * Autobytel, Inc. 3,757 41,365 #* Autodesk, Inc. 42,800 4,741,812 Automatic Data Processing, Inc. 138,772 16,501,379 * Aviat Networks, Inc. 7,377 138,761 #* Avid Technology, Inc. 107,000 551,050 Avnet, Inc. 215,521 8,271,696 AVX Corp. 234,355 4,187,924 * Aware, Inc. 27,858 128,147 * Axcelis Technologies, Inc. 81,625 1,812,075 * AXT, Inc. 109,921 961,809 # Badger Meter, Inc. 82,342 3,725,975 * Bankrate, Inc. 142,501 1,980,764 * Barracuda Networks, Inc. 124,215 2,791,111 * Bazaarvoice, Inc. 6,600 31,020 Bel Fuse, Inc. Class A 4,354 94,482 # Bel Fuse, Inc. Class B 15,126 381,931 # Belden, Inc. 114,238 8,218,282 * Benchmark Electronics, Inc. 110,326 3,712,470 Black Box Corp. 59,924 473,400 #* Black Knight Financial Services, Inc. Class A 20,872 887,060 # Blackbaud, Inc. 75,206 6,944,522 #* Blackhawk Network Holdings, Inc. 140,903 6,150,416 * Blucora, Inc. 75,507 1,691,357 Booz Allen Hamilton Holding Corp. 224,150 7,688,345 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * Bottomline Technologies de, Inc. 63,828 $ 1,817,821 Broadcom, Ltd. 160,505 39,590,163 # Broadridge Financial Solutions, Inc. 123,450 9,364,917 #* BroadSoft, Inc. 2,789 122,855 #* BroadVision, Inc. 6,453 26,780 # Brocade Communications Systems, Inc. 1,098,905 13,879,170 Brooks Automation, Inc. 202,939 4,984,182 * BSQUARE Corp. 30,337 172,921 CA, Inc. 526,929 16,355,876 Cabot Microelectronics Corp. 59,871 4,439,435 * CACI International, Inc. Class A 71,431 8,936,018 * Cadence Design Systems, Inc. 246,642 9,101,090 #* CalAmp Corp. 89,586 1,711,093 * Calix, Inc. 197,897 1,355,594 #* Carbonite, Inc. 47,240 1,114,864 #* Cardtronics P.L.C. Class A 201,109 6,294,712 #* Cars.com, Inc. 242,014 5,880,940 # Cass Information Systems, Inc. 20,908 1,379,092 #* Cavium, Inc. 26,709 1,654,355 CDK Global, Inc. 66,063 4,345,624 CDW Corp. 201,974 12,811,211 #* Ceva, Inc. 46,932 2,170,605 #* Ciena Corp. 369,632 9,518,024 #* Cimpress NV 48,517 4,281,140 #* Cirrus Logic, Inc. 202,973 12,470,661 Cisco Systems, Inc. 4,353,001 136,901,881 * Citrix Systems, Inc. 82,601 6,523,827 * Clearfield, Inc. 20,285 233,278 # Cognex Corp. 112,909 10,733,130 Cognizant Technology Solutions Corp. Class A 465,745 32,285,443 * Coherent, Inc. 60,288 15,976,320 Cohu, Inc. 63,332 1,153,909 * CommerceHub, Inc. Series A 23,879 435,553 * CommerceHub, Inc. Series C 47,758 858,689 * CommScope Holding Co., Inc. 258,463 9,506,269 Communications Systems, Inc. 17,110 73,573 Computer Task Group, Inc. 30,804 170,038 # Comtech Telecommunications Corp. 43,970 791,460 Concurrent Computer Corp. 14,271 96,187 #* Conduent, Inc. 347,705 5,740,610 #* Control4 Corp. 15,814 361,350 # Convergys Corp. 231,527 5,549,702 * CoreLogic, Inc. 262,209 11,943,620 Corning, Inc. 643,955 18,764,849 #* CoStar Group, Inc. 16,790 4,626,484 #* Cray, Inc. 87,832 1,809,339 #* Cree, Inc. 218,653 5,665,299 CSG Systems International, Inc. 115,290 4,767,241 CSP, Inc. 2,797 28,697 CSRA, Inc. 246,567 8,040,550 CTS Corp. 80,896 1,779,712 #* CyberOptics Corp. 14,531 239,762 # Cypress Semiconductor Corp. 899,134 12,767,703 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) # Daktronics, Inc. 105,558 $ 1,032,357 * Dell Technologies, Inc. Class V 145,679 9,362,789 * Determine, Inc. 538 1,114 * DHI Group, Inc. 201,490 443,278 # Diebold Nixdorf, Inc. 189,162 4,426,391 * Digi International, Inc. 62,231 650,314 * Diodes, Inc. 107,926 2,863,277 # Dolby Laboratories, Inc. Class A 132,458 6,854,701 * DSP Group, Inc. 44,128 556,013 DST Systems, Inc. 198,586 10,902,371 DXC Technology Co. 397,367 31,145,625 * eBay, Inc. 959,224 34,273,074 # Ebix, Inc. 58,742 3,392,350 * EchoStar Corp. Class A 109,766 6,666,089 * Edgewater Technology, Inc. 10,488 74,360 * Electro Scientific Industries, Inc. 54,702 473,172 * Electronic Arts, Inc. 118,019 13,777,538 #* Electronics for Imaging, Inc. 95,845 4,656,150 #* Ellie Mae, Inc. 21,253 1,853,687 #* eMagin Corp. 12,094 31,444 # Emcore Corp. 55,153 639,775 #* EnerNOC, Inc. 73,715 563,920 * Entegris, Inc. 379,880 9,914,868 #* Envestnet, Inc. 26,663 1,041,190 * EPAM Systems, Inc. 70,222 6,034,176 * ePlus, Inc. 36,470 2,950,423 #* Euronet Worldwide, Inc. 120,803 11,670,778 * Everi Holdings, Inc. 199,808 1,490,568 * ExlService Holdings, Inc. 73,338 4,220,602 * Extreme Networks, Inc. 155,567 1,367,434 * F5 Networks, Inc. 32,518 3,926,548 #* Fabrinet 101,767 4,580,533 * Facebook, Inc. Class A 606,705 102,684,821 # Fair Isaac Corp. 75,354 10,741,713 #* FARO Technologies, Inc. 32,634 1,289,043 Fidelity National Information Services, Inc. 299,618 27,331,154 #* Finisar Corp. 293,910 8,000,230 #* FireEye, Inc. 42,598 623,209 #* First Data Corp. Class A 71,225 1,329,058 #* First Solar, Inc. 270,028 13,315,081 * Fiserv, Inc. 140,552 18,060,932 #* Fitbit, Inc. Class A 115,314 595,020 #* FleetCor Technologies, Inc. 96,467 14,668,772 * Flex, Ltd. 1,231,494 19,691,589 FLIR Systems, Inc. 332,480 12,408,154 * FormFactor, Inc. 190,805 2,499,545 Forrester Research, Inc. 36,724 1,498,339 * Fortinet, Inc. 46,714 1,724,214 * Frequency Electronics, Inc. 10,710 92,106 * Gartner, Inc. 54,749 7,025,392 # Genpact, Ltd. 462,207 13,404,003 Global Payments, Inc. 249,092 23,506,812 GlobalSCAPE, Inc. 11,741 59,879 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) #* Globant SA 12,912 $ 593,565 #* Glu Mobile, Inc. 88,788 242,391 * GoDaddy, Inc. Class A 30,833 1,325,202 #* GrubHub, Inc. 104,596 4,825,013 * GSE Systems, Inc. 19,854 55,591 * GSI Technology, Inc. 23,969 174,015 #* GTT Communications, Inc. 164,251 5,017,868 #* Guidewire Software, Inc. 35,743 2,579,215 Hackett Group, Inc. (The) 115,511 1,896,691 #* Harmonic, Inc. 323,382 1,325,866 Harris Corp. 216,980 24,837,701 Hewlett Packard Enterprise Co. 1,874,126 32,815,946 HP, Inc. 1,009,636 19,284,048 * IAC/InterActiveCorp 156,945 16,421,155 * ID Systems, Inc. 15,829 108,112 * Identiv, Inc. 2,529 12,923 * IEC Electronics Corp. 9,658 37,956 * II-VI, Inc. 157,604 6,004,712 #* Immersion Corp. 28,268 241,409 #* Infinera Corp. 300,775 3,528,091 * Innodata, Inc. 31,335 53,270 #* Inphi Corp. 1,436 55,142 #* Inseego Corp. 48,740 57,513 * Insight Enterprises, Inc. 94,544 3,830,923 #* Integrated Device Technology, Inc. 278,180 7,271,625 Intel Corp. 5,141,165 182,357,123 * Intelligent Systems Corp. 629 2,296 # InterDigital, Inc. 134,508 9,798,908 #* Internap Corp. 178,053 676,601 International Business Machines Corp. 385,421 55,758,856 * inTEST Corp. 3,806 33,112 * Intevac, Inc. 31,727 360,101 * IntriCon Corp. 8,894 66,705 Intuit, Inc. 54,398 7,463,950 * Inuvo, Inc. 13,129 14,150 #* IPG Photonics Corp. 114,829 17,527,499 * Iteris, Inc. 12,775 80,355 * Itron, Inc. 117,374 8,568,302 IXYS Corp. 87,018 1,514,113 # j2 Global, Inc. 170,368 14,418,244 Jabil, Inc. 672,906 20,523,633 # Jack Henry & Associates, Inc. 101,186 10,859,282 Juniper Networks, Inc. 371,754 10,390,524 * Kemet Corp. 110,083 1,854,899 * Key Tronic Corp. 14,320 104,106 * Keysight Technologies, Inc. 353,847 14,716,497 * Kimball Electronics, Inc. 38,844 755,516 KLA-Tencor Corp. 130,177 12,058,296 #* Knowles Corp. 193,800 2,936,070 #* Kopin Corp. 102,311 388,782 * Kulicke & Soffa Industries, Inc. 220,368 4,746,727 #* KVH Industries, Inc. 26,931 293,548 # Lam Research Corp. 152,996 24,396,742 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) #* Lattice Semiconductor Corp. 305,112 $ 2,123,580 * Leaf Group, Ltd. 64,844 489,572 Leidos Holdings, Inc. 192,635 10,294,414 * LGL Group, Inc. (The) 2,633 12,033 * Limelight Networks, Inc. 203,865 697,218 * Liquidity Services, Inc. 12,281 83,511 Littelfuse, Inc. 42,726 7,698,371 # LogMeIn, Inc. 91,085 10,606,848 #* Lumentum Holdings, Inc. 80,222 5,021,897 * Luxoft Holding, Inc. 38,549 2,426,660 #* MACOM Technology Solutions Holdings, Inc. 90,844 5,500,604 #* MagnaChip Semiconductor Corp. 69,402 756,482 #* Manhattan Associates, Inc. 151,364 6,690,289 ManTech International Corp. Class A 69,461 2,758,991 * Marchex, Inc. Class B 38,409 111,386 Marvell Technology Group, Ltd. 729,569 11,352,094 Mastercard, Inc. Class A 294,958 37,695,632 #* Match Group, Inc. 38,689 706,074 Maxim Integrated Products, Inc. 118,159 5,369,145 MAXIMUS, Inc. 157,129 9,484,306 #* MaxLinear, Inc. 123,074 3,224,539 * Maxwell Technologies, Inc. 55,751 326,143 #* Meet Group, Inc.(The) 39,711 199,349 # Mesa Laboratories, Inc. 6,673 964,449 Methode Electronics, Inc. 115,993 4,610,722 # Microchip Technology, Inc. 264,138 21,141,606 * Micron Technology, Inc. 1,627,340 45,760,801 * Microsemi Corp. 308,393 16,061,107 Microsoft Corp. 3,468,899 252,188,957 * MicroStrategy, Inc. Class A 25,910 3,485,154 MKS Instruments, Inc. 139,302 11,652,612 #* ModusLink Global Solutions, Inc. 102,090 171,511 #* MoneyGram International, Inc. 59,535 971,611 # Monolithic Power Systems, Inc. 45,065 4,611,051 Monotype Imaging Holdings, Inc. 74,848 1,410,885 Motorola Solutions, Inc. 51,737 4,691,511 # MTS Systems Corp. 39,674 2,090,820 * Nanometrics, Inc. 58,703 1,564,435 * Napco Security Technologies, Inc. 17,222 157,581 # National Instruments Corp. 213,591 8,787,134 #* NCI, Inc. Class A 11,541 230,243 #* NCR Corp. 315,734 11,950,532 #* NeoPhotonics Corp. 109,107 880,493 NetApp, Inc. 332,721 14,446,746 #* NETGEAR, Inc. 87,548 4,193,549 #* Netscout Systems, Inc. 103,794 3,580,893 #* NeuStar, Inc. Class A 56,098 1,873,673 # NIC, Inc. 121,706 1,977,722 #* Novanta, Inc. 70,599 2,605,103 * Nuance Communications, Inc. 620,574 10,735,930 #* Numerex Corp. Class A 18,298 86,641 NVE Corp. 2,311 182,292 NVIDIA Corp. 458,835 74,565,276 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* Oclaro, Inc. 293,898 $ 2,874,322 * ON Semiconductor Corp. 1,160,895 17,355,380 #* Onvia, Inc. 1,484 6,678 * Optical Cable Corp. 8,150 18,338 Oracle Corp. 1,434,299 71,614,549 #* OSI Systems, Inc. 47,805 3,822,966 #* Palo Alto Networks, Inc. 16,166 2,130,355 * PAR Technology Corp. 17,200 154,112 # Park Electrochemical Corp. 30,476 572,644 Paychex, Inc. 171,384 9,914,564 #* Paycom Software, Inc. 87,090 6,104,138 * PayPal Holdings, Inc. 456,117 26,705,650 PC Connection, Inc. 49,864 1,286,491 PC-Tel, Inc. 30,780 218,846 * PCM, Inc. 16,586 205,252 #* PDF Solutions, Inc. 64,089 1,028,628 # Pegasystems, Inc. 134,151 8,109,428 * Perceptron, Inc. 10,412 75,591 * Perficient, Inc. 74,009 1,391,369 * PFSweb, Inc. 51,031 399,062 * Photronics, Inc. 137,269 1,379,553 Plantronics, Inc. 95,565 4,317,627 * Plexus Corp. 89,632 4,805,172 Power Integrations, Inc. 66,624 4,706,986 * PRGX Global, Inc. 39,286 245,538 Progress Software Corp. 153,581 4,916,128 #* PTC, Inc. 108,309 5,977,574 QAD, Inc. Class A 21,895 686,408 QAD, Inc. Class B 5,440 141,114 #* Qorvo, Inc. 204,356 14,010,647 QUALCOMM, Inc. 1,260,628 67,052,803 #* Qualstar Corp. 1,349 9,929 * Qualys, Inc. 42,631 1,711,635 * QuinStreet, Inc. 24,924 96,954 * Qumu Corp. 13,779 35,688 #* Radisys Corp. 40,860 99,698 #* Rambus, Inc. 252,843 3,259,146 * RealNetworks, Inc. 173,849 756,243 #* RealPage, Inc. 43,819 1,697,986 * Red Hat, Inc. 62,946 6,223,471 Reis, Inc. 16,269 348,157 Relm Wireless Corp. 4,040 14,342 # RF Industries, Ltd. 10,694 19,784 Richardson Electronics, Ltd. 20,031 117,382 * Rogers Corp. 44,775 5,282,107 #* Rosetta Stone, Inc. 37,189 385,278 * Rubicon Project, Inc. (The) 28,729 135,026 * Rudolph Technologies, Inc. 107,197 2,653,126 # Sabre Corp. 102,464 2,267,528 * salesforce.com, Inc. 49,900 4,530,920 * Sanmina Corp. 219,861 7,882,017 * ScanSource, Inc. 67,705 2,681,118 Science Applications International Corp. 129,869 9,144,076 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* Seachange International, Inc. 115,166 $ 327,071 # Seagate Technology P.L.C. 172,874 5,697,927 * Semtech Corp. 156,860 6,211,656 #* ServiceNow, Inc. 25,753 2,844,419 * ServiceSource International, Inc. 7,645 29,051 * Sevcon, Inc. 1,585 34,632 * ShoreTel, Inc. 136,342 1,015,748 #* Shutterstock, Inc. 28,150 1,186,241 * Sigma Designs, Inc. 83,428 542,282 * Silicon Laboratories, Inc. 85,417 6,414,817 #* Silver Spring Networks, Inc. 39,689 448,883 # Skyworks Solutions, Inc. 296,471 31,090,914 * SMTC Corp. 1,900 2,318 #* Sonic Foundry, Inc. 619 2,247 * Sonus Networks, Inc. 175,637 1,199,601 #* Splunk, Inc. 25,342 1,520,773 # SS&C Technologies Holdings, Inc. 240,355 9,316,160 #* Stamps.com, Inc. 34,158 5,058,800 * StarTek, Inc. 16,081 197,796 * Stratasys, Ltd. 166,879 4,003,427 #* SunPower Corp. 280,359 3,123,199 * Super Micro Computer, Inc. 123,526 3,316,673 * Sykes Enterprises, Inc. 118,631 4,033,454 Symantec Corp. 665,606 20,627,130 #* Synaptics, Inc. 97,012 5,103,801 #* Synchronoss Technologies, Inc. 111,851 1,888,045 SYNNEX Corp. 129,055 15,347,221 * Synopsys, Inc. 139,087 10,649,892 # Syntel, Inc. 148,245 2,889,295 # Systemax, Inc. 51,897 940,374 #* Tableau Software, Inc. Class A 31,901 2,056,019 #* Take-Two Interactive Software, Inc. 136,087 10,816,195 TE Connectivity, Ltd. 319,720 25,702,291 #* Tech Data Corp. 121,046 12,395,110 * TechTarget, Inc. 5,601 53,714 * Telenav, Inc. 92,674 695,055 TeleTech Holdings, Inc. 134,644 5,628,119 #* Teradata Corp. 443,120 14,100,078 Teradyne, Inc. 494,321 17,098,563 Tessco Technologies, Inc. 14,125 188,569 Texas Instruments, Inc. 429,509 34,953,442 TiVo Corp. 372,183 7,294,787 Total System Services, Inc. 253,191 16,067,501 TransAct Technologies, Inc. 12,325 109,076 Travelport Worldwide, Ltd. 226,752 3,242,554 * Travelzoo 8,293 87,077 #* Trimble, Inc. 291,253 10,901,600 * Trio-Tech International 3,963 18,586 #* TrueCar, Inc. 3,889 73,619 TSR, Inc. 751 3,192 #* TTM Technologies, Inc. 329,007 5,718,142 #* Twitter, Inc. 524,182 8,434,088 #* Tyler Technologies, Inc. 31,673 5,441,738 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Information Technology -- (Continued) #* Ubiquiti Networks, Inc. 101,240 $ 5,517,580 #* Ultimate Software Group, Inc. (The) 21,848 4,931,312 * Ultra Clean Holdings, Inc. 36,682 860,193 #* Unisys Corp. 75,416 965,325 # Universal Display Corp. 43,820 5,284,692 * Universal Security Instruments, Inc. 1,873 4,495 #* USA Technologies, Inc. 16,331 90,637 * Vantiv, Inc. Class A 171,407 10,892,915 #* VASCO Data Security International, Inc. 24,099 325,336 * Veeco Instruments, Inc. 154,695 4,764,606 #* VeriFone Systems, Inc. 277,816 5,420,190 * Verint Systems, Inc. 118,261 4,689,049 #* VeriSign, Inc. 43,176 4,368,116 Versum Materials, Inc. 70,306 2,478,990 #* ViaSat, Inc. 122,981 8,127,814 #* Viavi Solutions, Inc. 455,107 4,992,524 #* Virtusa Corp. 62,517 2,072,439 # Visa, Inc. Class A 643,473 64,064,172 # Vishay Intertechnology, Inc. 337,565 6,025,535 * Vishay Precision Group, Inc. 24,604 430,570 #* VMware, Inc. Class A 9,053 839,304 Wayside Technology Group, Inc. 5,310 91,332 #* Web.com Group, Inc. 209,684 4,602,564 #* WebMD Health Corp. 120,911 8,010,354 Western Digital Corp. 336,589 28,650,456 # Western Union Co. (The) 263,474 5,203,611 #* WEX, Inc. 95,698 10,400,459 * Wireless Telecom Group, Inc. 9,995 14,793 #* Workday, Inc. Class A 19,500 1,991,145 * Xcerra Corp. 93,311 906,050 Xerox Corp. 401,026 12,299,467 # Xilinx, Inc. 280,413 17,738,926 * XO Group, Inc. 57,631 1,053,495 # Xperi Corp. 174,831 5,113,807 * Yelp, Inc. 4,779 155,461 #* Zebra Technologies Corp. Class A 124,452 12,659,257 * Zedge, Inc. Class B 24,094 49,875 * Zillow Group, Inc. Class A 105,432 4,789,776 #* Zillow Group, Inc. Class C 76,735 3,465,353 #* Zix Corp. 119,194 635,304 * Zynga, Inc. Class A 1,962,677 7,085,264 -------------- Total Information Technology 3,990,092,205 -------------- Materials -- (4.4%) # A Schulman, Inc. 85,008 2,235,710 #* AdvanSix, Inc. 52,552 1,759,441 Air Products & Chemicals, Inc. 110,373 15,689,522 #* AK Steel Holding Corp. 607,350 3,437,601 # Albemarle Corp. 159,158 18,430,496 Alcoa Corp. 175,184 6,376,698 # Allegheny Technologies, Inc. 205,814 3,898,117 * American Biltrite, Inc. 36 11,950 American Vanguard Corp. 71,477 1,265,143 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Materials -- (Continued) # Ampco-Pittsburgh Corp. 14,266 $ 206,144 # AptarGroup, Inc. 197,470 15,981,247 Ashland Global Holdings, Inc. 96,943 6,298,387 Avery Dennison Corp. 130,392 12,117,329 #* Axalta Coating Systems, Ltd. 172,990 5,449,185 # Balchem Corp. 88,104 6,836,870 # Ball Corp. 430,194 18,025,129 Bemis Co., Inc. 322,659 13,671,062 * Berry Global Group, Inc. 166,701 9,348,592 * Boise Cascade Co. 115,971 3,519,720 Cabot Corp. 155,401 8,442,936 Calgon Carbon Corp. 129,372 2,069,952 Carpenter Technology Corp. 134,731 5,447,174 Celanese Corp. Series A 258,354 24,845,904 #* Century Aluminum Co. 211,423 3,547,678 # CF Industries Holdings, Inc. 391,430 11,488,470 Chase Corp. 27,827 3,006,707 Chemours Co. (The) 124,381 5,921,779 * Clearwater Paper Corp. 49,358 2,425,946 #* Cliffs Natural Resources, Inc. 581,062 4,485,799 * Coeur Mining, Inc. 312,876 2,590,613 # Commercial Metals Co. 365,623 6,800,588 # Compass Minerals International, Inc. 111,040 7,667,312 * Contango ORE, Inc. 1,821 33,689 * Core Molding Technologies, Inc. 18,851 359,489 * Crown Holdings, Inc. 80,898 4,811,004 # Deltic Timber Corp. 16,393 1,182,427 Domtar Corp. 185,014 7,226,647 Dow Chemical Co. (The) 878,752 56,451,028 Eagle Materials, Inc. 144,383 13,586,440 Eastman Chemical Co. 222,894 18,535,865 Ecolab, Inc. 103,663 13,649,307 EI du Pont de Nemours & Co. 257,634 21,180,091 * Ferro Corp. 313,753 6,036,608 Ferroglobe P.L.C. 283,721 3,625,954 #* Flotek Industries, Inc. 98,253 827,290 # FMC Corp. 125,871 9,614,027 * Freeport-McMoRan, Inc. 2,050,751 29,981,980 Friedman Industries, Inc. 13,567 73,533 # FutureFuel Corp. 75,804 1,103,706 #* GCP Applied Technologies, Inc. 134,968 4,089,530 # Gold Resource Corp. 7,542 31,978 Graphic Packaging Holding Co. 1,350,826 17,817,395 Greif, Inc. Class A 95,324 5,346,723 # Greif, Inc. Class B 29,768 1,783,103 * Handy & Harman, Ltd. 2,707 89,602 Hawkins, Inc. 21,301 957,480 # Haynes International, Inc. 25,149 786,661 # HB Fuller Co. 148,484 7,649,896 Hecla Mining Co. 1,139,154 6,162,823 Huntsman Corp. 994,380 26,470,396 * Ingevity Corp. 98,161 5,742,419 Innophos Holdings, Inc. 51,845 2,165,566 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Innospec, Inc. 64,708 $ 4,037,779 # International Flavors & Fragrances, Inc. 35,484 4,725,759 International Paper Co. 395,469 21,742,886 #* Intrepid Potash, Inc. 154,760 468,923 Kaiser Aluminum Corp. 34,717 3,377,617 KapStone Paper and Packaging Corp. 363,833 8,317,222 # KMG Chemicals, Inc. 36,762 1,860,892 * Koppers Holdings, Inc. 77,292 2,805,700 * Kraton Corp. 98,328 3,657,802 # Kronos Worldwide, Inc. 221,297 4,718,052 * Louisiana-Pacific Corp. 395,722 9,936,579 #* LSB Industries, Inc. 62,607 443,258 LyondellBasell Industries NV Class A 200,783 18,088,540 Martin Marietta Materials, Inc. 65,425 14,814,183 Materion Corp. 62,886 2,417,967 # McEwen Mining, Inc. 271,668 709,053 Mercer International, Inc. 141,016 1,551,176 Minerals Technologies, Inc. 95,592 6,767,914 Monsanto Co. 169,464 19,796,784 # Mosaic Co. (The) 406,256 9,807,020 Myers Industries, Inc. 126,259 2,146,403 # Neenah Paper, Inc. 66,809 5,338,039 # NewMarket Corp. 17,546 8,073,090 Newmont Mining Corp. 683,239 25,395,994 * Northern Technologies International Corp. 5,900 107,675 Nucor Corp. 436,494 25,172,609 # Olin Corp. 600,454 17,701,384 Olympic Steel, Inc. 36,819 629,237 * OMNOVA Solutions, Inc. 97,398 915,541 #* Owens-Illinois, Inc. 459,462 10,981,142 # Packaging Corp. of America 172,354 18,869,316 PH Glatfelter Co. 91,887 1,880,927 #* Platform Specialty Products Corp. 555,939 7,788,705 PolyOne Corp. 268,789 9,832,302 PPG Industries, Inc. 62,098 6,535,814 # Praxair, Inc. 85,543 11,134,277 Quaker Chemical Corp. 38,821 5,507,535 # Rayonier Advanced Materials, Inc. 80,189 1,195,618 * Real Industry, Inc. 7,576 22,349 Reliance Steel & Aluminum Co. 173,519 12,555,835 * Resolute Forest Products, Inc. 20,278 94,293 # Royal Gold, Inc. 137,092 11,880,393 # RPM International, Inc. 152,758 7,923,557 * Ryerson Holding Corp. 14,462 125,096 # Schnitzer Steel Industries, Inc. Class A 94,222 2,430,928 Schweitzer-Mauduit International, Inc. 73,910 2,839,622 # Scotts Miracle-Gro Co. (The) 116,011 11,135,896 # Sealed Air Corp. 185,920 8,089,379 Sensient Technologies Corp. 106,873 7,947,076 Sherwin-Williams Co. (The) 19,100 6,441,857 # Silgan Holdings, Inc. 310,366 9,404,090 Sonoco Products Co. 337,188 16,346,874 # Southern Copper Corp. 64,349 2,531,490 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Materials -- (Continued) Steel Dynamics, Inc. 444,738 $ 15,748,173 Stepan Co. 63,109 5,185,667 #* Summit Materials, Inc. Class A 255,248 7,259,253 * SunCoke Energy, Inc. 173,439 1,552,279 * Synalloy Corp. 11,060 124,978 #* TimkenSteel Corp. 100,112 1,590,780 #* Trecora Resources 13,281 153,396 Tredegar Corp. 45,562 687,986 Trinseo SA 104,937 7,377,071 # Tronox, Ltd. Class A 140,473 2,722,367 United States Lime & Minerals, Inc. 10,088 819,347 # United States Steel Corp. 356,065 8,363,967 * Universal Stainless & Alloy Products, Inc. 10,522 199,918 #* US Concrete, Inc. 65,137 5,103,484 Valhi, Inc. 69,098 221,805 Valvoline, Inc. 202,748 4,596,297 Vulcan Materials Co. 156,591 19,279,484 # Westlake Chemical Corp. 140,920 9,915,131 WestRock Co. 305,589 17,546,920 # Worthington Industries, Inc. 164,345 8,327,361 WR Grace & Co. 86,021 5,932,008 -------------- Total Materials 1,022,398,979 -------------- Real Estate -- (0.4%) Alexander & Baldwin, Inc. 165,728 6,948,975 #* Altisource Asset Management Corp. 1,977 181,884 #* Altisource Portfolio Solutions SA 27,707 722,876 * Capital Properties, Inc. Class A 1,400 19,446 * CBRE Group, Inc. Class A 423,024 16,070,682 # CKX Lands, Inc. 2,161 24,743 # Colony NorthStar, Inc. Class A 269,229 3,941,513 Consolidated-Tomoka Land Co. 12,263 679,861 * Forestar Group, Inc. 117,472 2,014,645 * FRP Holdings, Inc. 11,905 549,416 Griffin Industrial Realty, Inc. 6,027 194,009 # HFF, Inc. Class A 142,089 5,217,508 #* Howard Hughes Corp. (The) 87,682 11,031,272 #* InterGroup Corp. (The) 677 17,534 Jones Lang LaSalle, Inc. 98,734 12,560,939 Kennedy-Wilson Holdings, Inc. 237,760 4,778,976 #* Marcus & Millichap, Inc. 65,408 1,674,445 * Maui Land & Pineapple Co., Inc. 7,073 122,717 # RE/MAX Holdings, Inc. Class A 31,492 1,831,260 # Realogy Holdings Corp. 369,236 12,258,635 # RMR Group, Inc. (The) Class A 7,123 347,958 #* St Joe Co. (The) 89,963 1,623,832 # Stratus Properties, Inc. 6,860 196,539 #* Tejon Ranch Co. 38,669 811,276 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Real Estate -- (Continued) * Trinity Place Holdings, Inc. 10,474 $ 72,794 ------------ Total Real Estate 83,893,735 ------------ Telecommunication Services -- (2.2%) * Alaska Communications Systems Group, Inc. 1,200 2,700 AT&T, Inc. 7,787,751 303,722,289 ATN International, Inc. 28,968 1,680,144 * Boingo Wireless, Inc. 124,495 1,846,261 # CenturyLink, Inc. 1,232,849 28,688,396 #* Cincinnati Bell, Inc. 104,955 1,957,411 # Cogent Communications Holdings, Inc. 111,550 4,657,213 # Consolidated Communications Holdings, Inc. 202,227 3,640,086 # Frontier Communications Corp. 88,246 1,351,046 * General Communication, Inc. Class A 132,110 5,637,134 * Hawaiian Telcom Holdco, Inc. 367 10,731 # IDT Corp. Class B 77,282 1,144,546 #* Iridium Communications, Inc. 104,650 1,041,268 * Level 3 Communications, Inc. 279,798 16,418,547 * Lumos Networks Corp. 40,019 716,740 * ORBCOMM, Inc. 143,474 1,665,733 # Shenandoah Telecommunications Co. 209,340 6,437,205 Spok Holdings, Inc. 42,102 690,473 #* Sprint Corp. 1,026,056 8,187,927 #* Straight Path Communications, Inc. Class B 5,827 1,045,364 * T-Mobile US, Inc. 336,604 20,755,003 Telephone & Data Systems, Inc. 240,788 6,845,603 * United States Cellular Corp. 48,863 1,850,930 Verizon Communications, Inc. 1,954,061 94,576,552 * Vonage Holdings Corp. 404,340 2,672,687 # Windstream Holdings, Inc. 517,375 1,960,851 #* Zayo Group Holdings, Inc. 165,541 5,428,089 ------------ Total Telecommunication Services 524,630,929 ------------ Utilities -- (1.7%) AES Corp. 363,859 4,067,944 # ALLETE, Inc. 78,524 5,753,453 Alliant Energy Corp. 91,536 3,709,954 Ameren Corp. 72,928 4,091,261 American Electric Power Co., Inc. 95,064 6,705,815 # American States Water Co. 75,136 3,715,475 American Water Works Co., Inc. 68,777 5,577,815 # Aqua America, Inc. 192,145 6,413,800 Artesian Resources Corp. Class A 10,056 391,078 # Atlantica Yield PLC 181,555 3,923,404 Atmos Energy Corp. 91,066 7,900,886 # Avangrid, Inc. 76,107 3,456,780 # Avista Corp. 114,514 6,024,582 # Black Hills Corp. 68,764 4,790,100 # California Water Service Group 98,990 3,850,711 * Calpine Corp. 888,688 12,779,333 CenterPoint Energy, Inc. 130,802 3,687,308 Chesapeake Utilities Corp. 33,558 2,592,356 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Utilities -- (Continued) CMS Energy Corp. 104,097 $ 4,813,445 # Connecticut Water Service, Inc. 25,847 1,472,762 # Consolidated Edison, Inc. 96,542 7,999,470 Consolidated Water Co., Ltd. 20,526 264,785 # Delta Natural Gas Co., Inc. 5,930 180,450 # Dominion Energy, Inc. 122,456 9,451,154 DTE Energy Co. 56,584 6,057,883 Duke Energy Corp. 147,333 12,540,985 #* Dynegy, Inc. 281,261 2,525,724 Edison International 63,589 5,003,183 El Paso Electric Co. 83,095 4,312,631 Entergy Corp. 70,212 5,386,665 # Eversource Energy 108,651 6,604,894 Exelon Corp. 185,888 7,126,946 # FirstEnergy Corp. 158,251 5,049,789 Gas Natural, Inc. 5,156 66,770 # Genie Energy, Ltd. Class B 32,165 213,254 Great Plains Energy, Inc. 158,073 4,878,133 # Hawaiian Electric Industries, Inc. 114,384 3,773,528 # IDACORP, Inc. 68,779 5,939,754 # MDU Resources Group, Inc. 211,991 5,585,963 MGE Energy, Inc. 70,170 4,669,813 # Middlesex Water Co. 25,854 1,014,511 # National Fuel Gas Co. 93,204 5,518,609 # New Jersey Resources Corp. 138,667 5,844,814 NextEra Energy, Inc. 101,325 14,802,569 NiSource, Inc. 293,519 7,649,105 # Northwest Natural Gas Co. 57,554 3,631,657 # NorthWestern Corp. 76,262 4,407,181 # NRG Energy, Inc. 968,918 23,854,761 # NRG Yield, Inc. Class A 39,946 728,216 # NRG Yield, Inc. Class C 72,166 1,342,288 OGE Energy Corp. 139,317 4,995,908 # ONE Gas, Inc. 84,597 6,156,970 # Ormat Technologies, Inc. 104,924 6,221,993 Otter Tail Corp. 67,030 2,711,364 # Pattern Energy Group, Inc. 177,232 4,448,523 PG&E Corp. 100,403 6,796,279 Pinnacle West Capital Corp. 43,596 3,781,081 # PNM Resources, Inc. 113,457 4,521,261 Portland General Electric Co. 129,197 5,773,814 PPL Corp. 125,181 4,798,188 Public Service Enterprise Group, Inc. 103,824 4,668,965 # RGC Resources, Inc. 4,413 118,489 # SCANA Corp. 37,809 2,433,765 # Sempra Energy 45,911 5,188,402 SJW Corp. 42,041 2,222,708 # South Jersey Industries, Inc. 136,637 4,641,559 Southern Co. (The) 199,784 9,575,647 Southwest Gas Holdings, Inc. 73,783 5,910,018 # Spark Energy, Inc. Class A 15,216 316,493 # Spire, Inc. 71,074 5,159,972 UGI Corp. 367,305 18,537,883 U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ----------- --------------- Utilities -- (Continued) Unitil Corp. 33,349 $ 1,692,462 Vectren Corp. 89,763 5,395,654 # WEC Energy Group, Inc. 114,000 7,178,580 Westar Energy, Inc. 135,461 6,874,646 # WGL Holdings, Inc. 81,679 7,001,524 Xcel Energy, Inc. 187,613 8,875,971 # York Water Co. (The) 23,071 802,871 --------------- Total Utilities 408,944,737 --------------- TOTAL COMMON STOCKS 20,951,798,083 --------------- RIGHTS/WARRANTS -- (0.0%) (degrees)* Dyax Corp. Contingent Value Rights 51,231 56,866 (degrees)#* Safeway Casa Ley Contingent Value Rights 240,783 244,371 (degrees)#* Safeway PDC, LLC Contingent Value Rights 240,783 72 --------------- TOTAL RIGHTS/WARRANTS 301,309 --------------- TOTAL INVESTMENT SECURITIES 20,952,099,392 --------------- TEMPORARY CASH INVESTMENTS -- (0.9%) State Street Institutional U.S. Government Money Market Fund, 0.940% 218,748,112 218,748,112 --------------- SECURITIES LENDING COLLATERAL -- (9.4%) (S)@ DFA Short Term Investment Fund 188,978,226 2,186,856,029 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $16,362,167,394)^^ $23,357,703,533 =============== U.S. CORE EQUITY 2 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- -------------- ------- --------------- Common Stocks Consumer Discretionary $ 3,124,991,382 $ 195,482 -- $ 3,125,186,864 Consumer Staples 1,380,300,360 -- -- 1,380,300,360 Energy 1,076,249,205 -- -- 1,076,249,205 Financials 3,988,100,116 -- -- 3,988,100,116 Health Care 2,364,842,667 -- -- 2,364,842,667 Industrials 2,987,158,286 -- -- 2,987,158,286 Information Technology 3,990,092,205 -- -- 3,990,092,205 Materials 1,022,398,979 -- -- 1,022,398,979 Real Estate 83,893,735 -- -- 83,893,735 Telecommunication Services 524,630,929 -- -- 524,630,929 Utilities 408,944,737 -- -- 408,944,737 Rights/Warrants -- 301,309 -- 301,309 Temporary Cash Investments 218,748,112 -- -- 218,748,112 Securities Lending Collateral -- 2,186,856,029 -- 2,186,856,029 Futures Contracts** 2,400,880 -- -- 2,400,880 --------------- -------------- -- --------------- TOTAL $21,172,751,593 $2,187,352,820 -- $23,360,104,413 =============== ============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. U.S. VECTOR EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ---------- COMMON STOCKS -- (86.9%) Consumer Discretionary -- (12.5%) * 1-800-Flowers.com, Inc. Class A 70,712 $ 682,371 A.H. Belo Corp. Class A 29,006 153,732 Aaron's, Inc. 118,007 5,461,364 # Abercrombie & Fitch Co. Class A 52,622 517,800 # Adient P.L.C. 39,424 2,581,089 # Adtalem Global Education, Inc. 106,704 3,467,880 # Advance Auto Parts, Inc. 5,868 657,275 # AMC Entertainment Holdings, Inc. Class A 71,620 1,461,048 #* AMC Networks, Inc. Class A 8,142 520,681 AMCON Distributing Co. 438 42,464 * America's Car-Mart, Inc. 15,372 602,582 #* American Axle & Manufacturing Holdings, Inc. 141,578 2,086,860 # American Eagle Outfitters, Inc. 205,299 2,430,740 * American Outdoor Brands Corp. 45,495 940,382 * American Public Education, Inc. 29,266 623,366 Aramark 29,256 1,166,144 Ark Restaurants Corp. 3,403 77,384 * Asbury Automotive Group, Inc. 32,106 1,733,724 #* Ascena Retail Group, Inc. 237,470 555,680 * Ascent Capital Group, Inc. Class A 14,641 247,433 # Autoliv, Inc. 9,213 998,597 #* AutoNation, Inc. 69,948 2,964,396 #* AV Homes, Inc. 10,882 174,656 * Ballantyne Strong, Inc. 17,594 119,639 * Barnes & Noble Education, Inc. 82,681 597,784 Barnes & Noble, Inc. 145,935 1,189,370 Bassett Furniture Industries, Inc. 10,687 397,556 BBX Capital Corp. 9,072 55,884 # Beasley Broadcast Group, Inc. Class A 6,377 66,959 * Beazer Homes USA, Inc. 16,707 221,535 #* bebe stores, Inc. 1,025 6,007 # Bed Bath & Beyond, Inc. 47,430 1,418,157 * Belmond, Ltd. Class A 201,248 2,626,286 Best Buy Co., Inc. 83,918 4,895,776 # Big 5 Sporting Goods Corp. 40,230 432,472 # Big Lots, Inc. 77,454 3,847,140 #* Biglari Holdings, Inc. 2,695 1,008,792 * BJ's Restaurants, Inc. 35,760 1,262,328 # Bloomin' Brands, Inc. 91,116 1,588,152 Bob Evans Farms, Inc. 30,722 2,125,348 * Bojangles', Inc. 8,486 112,864 #* Boot Barn Holdings, Inc. 1,150 9,212 # BorgWarner, Inc. 28,878 1,349,758 Bowl America, Inc. Class A 2,839 41,510 # Boyd Gaming Corp. 57,508 1,441,150 #* Bravo Brio Restaurant Group, Inc. 27,451 94,706 * Bridgepoint Education, Inc. 67,155 652,075 * Bright Horizons Family Solutions, Inc. 16,294 1,287,389 # Brinker International, Inc. 17,843 632,891 Brunswick Corp. 61,906 3,504,499 # Buckle, Inc. (The) 9,525 162,878 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) #* Buffalo Wild Wings, Inc. 11,111 $ 1,194,432 #* Build-A-Bear Workshop, Inc. 37,916 363,994 * Burlington Stores, Inc. 8,429 733,576 * Cabela's, Inc. 98,243 5,597,886 # Cable One, Inc. 1,882 1,430,132 * CafePress, Inc. 1,337 2,460 # CalAtlantic Group, Inc. 190,528 6,687,533 Caleres, Inc. 64,538 1,760,597 Callaway Golf Co. 113,419 1,443,824 * Cambium Learning Group, Inc. 42,184 207,545 Canterbury Park Holding Corp. 3,923 45,507 Capella Education Co. 20,801 1,429,029 * Career Education Corp. 143,798 1,209,341 #* CarMax, Inc. 26,562 1,759,732 Carnival Corp. 45,997 3,071,680 # Carriage Services, Inc. 35,253 859,821 * Carrols Restaurant Group, Inc. 65,657 801,015 # Carter's, Inc. 10,234 887,595 Cato Corp. (The) Class A 33,543 570,566 * Cavco Industries, Inc. 10,183 1,327,863 CBS Corp. Class B 34,668 2,282,194 CBS Corp. Class A 4,554 300,974 #* Central European Media Enterprises, Ltd. Class A 32,474 141,262 * Century Casinos, Inc. 4,432 31,866 * Century Communities, Inc. 7,559 195,778 * Charter Communications, Inc. Class A 35,911 14,073,880 # Cheesecake Factory, Inc. (The) 16,416 781,073 * Cherokee, Inc. 9,247 48,547 Chico's FAS, Inc. 213,304 1,951,732 # Children's Place, Inc. (The) 34,895 3,686,657 #* Chipotle Mexican Grill, Inc. 1,644 565,158 Choice Hotels International, Inc. 8,184 529,096 #* Christopher & Banks Corp. 45,128 63,630 Churchill Downs, Inc. 2,452 458,647 #* Chuy's Holdings, Inc. 25,347 596,922 # Cinemark Holdings, Inc. 66,368 2,581,715 Citi Trends, Inc. 29,124 645,097 Clear Channel Outdoor Holdings, Inc. Class A 16,585 84,086 ClubCorp Holdings, Inc. 62,006 1,051,002 # Coach, Inc. 23,907 1,126,976 Collectors Universe, Inc. 4,977 123,828 # Columbia Sportswear Co. 46,235 2,800,916 Comcast Corp. Class A 487,867 19,734,220 #* Conn's, Inc. 35,937 769,052 # Cooper Tire & Rubber Co. 102,330 3,740,161 * Cooper-Standard Holdings, Inc. 27,807 2,843,544 # Core-Mark Holding Co., Inc. 46,765 1,714,873 # Cracker Barrel Old Country Store, Inc. 8,139 1,265,208 * Crocs, Inc. 85,576 679,473 CSS Industries, Inc. 4,800 128,496 Culp, Inc. 23,483 704,490 Dana, Inc. 142,450 3,378,914 Darden Restaurants, Inc. 24,521 2,056,821 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Dave & Buster's Entertainment, Inc. 36,327 $ 2,256,270 * Deckers Outdoor Corp. 48,040 3,115,874 * Del Frisco's Restaurant Group, Inc. 23,241 330,022 * Del Taco Restaurants, Inc. 20,432 267,455 * Delta Apparel, Inc. 12,387 260,499 #* Denny's Corp. 29,926 339,959 * Destination Maternity Corp. 13,230 20,242 #* Destination XL Group, Inc. 74,081 148,162 # Dick's Sporting Goods, Inc. 66,029 2,465,523 # Dillard's, Inc. Class A 48,014 3,544,393 # DineEquity, Inc. 23,092 950,005 #* Discovery Communications, Inc. Class A 33,491 823,879 * Discovery Communications, Inc. Class B 1,000 27,075 * Discovery Communications, Inc. Class C 43,666 1,009,995 * Dixie Group, Inc. (The) 9,314 39,585 # Dollar General Corp. 31,234 2,347,547 * Dollar Tree, Inc. 32,168 2,318,669 # Domino's Pizza, Inc. 8,300 1,547,950 #* Dorman Products, Inc. 34,452 2,690,012 DR Horton, Inc. 201,370 7,186,895 DSW, Inc. Class A 104,914 1,892,649 # Dunkin' Brands Group, Inc. 17,333 919,169 # Educational Development Corp. 3,287 33,527 #* El Pollo Loco Holdings, Inc. 8,395 109,135 #* Eldorado Resorts, Inc. 28,545 582,318 * Emerson Radio Corp. 22,180 28,169 # Entercom Communications Corp. Class A 41,141 405,239 Entravision Communications Corp. Class A 91,548 595,062 Escalade, Inc. 14,959 184,744 # Ethan Allen Interiors, Inc. 40,381 1,294,211 #* Etsy, Inc. 10,002 143,729 * EVINE Live, Inc. 44,612 53,088 * EW Scripps Co. (The) Class A 100,672 1,978,205 # Expedia, Inc. 10,549 1,650,602 * Express, Inc. 131,709 798,157 Extended Stay America, Inc. 59,013 1,166,687 #* Famous Dave's of America, Inc. 6,706 23,471 #* Fiesta Restaurant Group, Inc. 19,436 326,525 # Finish Line, Inc. (The) Class A 96,150 1,323,024 #* Five Below, Inc. 17,117 826,922 Flanigan's Enterprises, Inc. 300 8,040 Flexsteel Industries, Inc. 9,611 538,024 # Foot Locker, Inc. 36,047 1,701,058 Ford Motor Co. 1,060,195 11,895,388 #* Fossil Group, Inc. 12,801 144,011 #* Fox Factory Holding Corp. 35,084 1,348,980 #* Francesca's Holdings Corp. 54,382 529,137 # Fred's, Inc. Class A 70,632 478,179 * FTD Cos., Inc. 43,806 860,788 * Full House Resorts, Inc. 19,188 48,929 #* G-III Apparel Group, Ltd. 43,264 1,126,162 # GameStop Corp. Class A 157,904 3,424,938 Gaming Partners International Corp. 389 4,139 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Gannett Co., Inc. 130,515 $ 1,170,720 # Gap, Inc. (The) 82,110 1,956,681 # Garmin, Ltd. 22,692 1,138,911 General Motors Co. 390,610 14,054,148 * Genesco, Inc. 38,025 1,220,602 # Gentex Corp. 161,232 2,744,169 * Gentherm, Inc. 46,035 1,539,871 # Genuine Parts Co. 18,852 1,601,100 Goodyear Tire & Rubber Co. (The) 241,087 7,596,651 #* GoPro, Inc. Class A 13,114 108,059 Graham Holdings Co. Class B 6,437 3,813,279 #* Grand Canyon Education, Inc. 55,114 4,054,737 * Gray Television, Inc. 97,331 1,450,232 * Gray Television, Inc. Class A 2,300 29,498 * Green Brick Partners, Inc. 21,202 238,522 Group 1 Automotive, Inc. 38,905 2,316,793 # Guess?, Inc. 157,986 2,063,297 # H&R Block, Inc. 20,493 625,036 #* Habit Restaurants, Inc. (The) Class A 599 9,854 # Hanesbrands, Inc. 31,600 724,272 # Harley-Davidson, Inc. 25,800 1,255,686 * Harte-Hanks, Inc. 100,039 96,538 # Hasbro, Inc. 9,400 995,272 Haverty Furniture Cos., Inc. 30,347 675,221 Haverty Furniture Cos., Inc. Class A 1,796 40,186 * Helen of Troy, Ltd. 35,470 3,573,602 * Hibbett Sports, Inc. 18,537 289,177 * Hilton Grand Vacations, Inc. 3,483 128,035 Hilton Worldwide Holdings, Inc. 11,611 726,036 Home Depot, Inc. (The) 14,454 2,162,318 Hooker Furniture Corp. 21,540 908,988 #* Horizon Global Corp. 19,183 267,411 #* Houghton Mifflin Harcourt Co. 145,362 1,737,076 # HSN, Inc. 20,267 803,587 #* Hyatt Hotels Corp. Class A 24,380 1,354,797 #* Iconix Brand Group, Inc. 78,132 521,140 ILG, Inc. 115,845 3,071,051 * IMAX Corp. 25,620 548,268 Insignia Systems, Inc. 7,000 7,140 * Installed Building Products, Inc. 14,863 799,629 # International Game Technology P.L.C. 102,105 1,944,079 # Interpublic Group of Cos., Inc. (The) 44,149 954,060 * Intrawest Resorts Holdings, Inc. 16,572 393,585 #* iRobot Corp. 23,330 2,461,548 * J Alexander's Holdings, Inc. 10,952 115,544 Jack in the Box, Inc. 6,082 564,166 #* JAKKS Pacific, Inc. 5,955 19,652 #* Jamba, Inc. 10,806 94,120 #* JC Penney Co., Inc. 331,079 1,791,137 John Wiley & Sons, Inc. Class A 38,080 2,103,920 John Wiley & Sons, Inc. Class B 2,087 115,495 Johnson Outdoors, Inc. Class A 14,083 711,473 * K12, Inc. 53,431 946,263 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) # KB Home 76,490 $1,753,151 * Kirkland's, Inc. 35,241 329,503 # Kohl's Corp. 177,964 7,358,811 #* Kona Grill, Inc. 11,299 29,942 * Koss Corp. 4,404 7,883 # L Brands, Inc. 6,200 287,618 * La Quinta Holdings, Inc. 118,577 1,767,983 La-Z-Boy, Inc. 72,382 2,446,512 * Lakeland Industries, Inc. 5,597 84,235 * Lands' End, Inc. 12,242 165,267 Las Vegas Sands Corp. 19,359 1,192,708 # LCI Industries 28,754 3,069,489 Lear Corp. 18,306 2,712,766 # Leggett & Platt, Inc. 22,528 1,085,399 Lennar Corp. Class A 106,683 5,594,457 Lennar Corp. Class B 11,242 499,932 Libbey, Inc. 47,243 425,187 * Liberty Broadband Corp. Class A 13,348 1,320,384 * Liberty Broadband Corp. Class B 234 23,400 #* Liberty Broadband Corp. Class C 46,947 4,656,203 * Liberty Expedia Holdings, Inc. Class A 26,017 1,484,270 * Liberty Interactive Corp., QVC Group Class A 86,201 2,063,652 * Liberty Interactive Corp., QVC Group Class B 131 3,249 #* Liberty Media Corp.-Liberty Braves Class A 3,850 97,174 * Liberty Media Corp.-Liberty Braves Class B 93 2,571 * Liberty Media Corp.-Liberty Braves Class C 8,071 203,631 #* Liberty Media Corp.-Liberty Formula One Class A 9,627 324,911 * Liberty Media Corp.-Liberty Formula One Class C 20,179 709,695 * Liberty Media Corp.-Liberty SiriusXM Class A 38,509 1,776,420 * Liberty Media Corp.-Liberty SiriusXM Class B 936 43,931 * Liberty Media Corp.-Liberty SiriusXM Class C 80,719 3,713,074 Liberty Tax, Inc. 5,220 73,602 * Liberty TripAdvisor Holdings, Inc. Class A 93,503 1,098,660 * Liberty TripAdvisor Holdings, Inc. Class B 436 5,712 * Liberty Ventures Series A 50,377 3,051,839 Lifetime Brands, Inc. 22,679 429,767 #* Lindblad Expeditions Holdings, Inc. 1,133 11,341 # Lions Gate Entertainment Corp. Class A 47,611 1,399,763 #* Lions Gate Entertainment Corp. Class B 37,527 1,032,368 # Lithia Motors, Inc. Class A 34,878 3,601,153 #* Live Nation Entertainment, Inc. 69,495 2,590,079 * LKQ Corp. 56,098 1,938,747 Lowe's Cos., Inc. 66,542 5,150,351 * Luby's, Inc. 40,905 117,397 * Lululemon Athletica, Inc. 10,200 628,728 #* Lumber Liquidators Holdings, Inc. 5,098 125,972 * M/I Homes, Inc. 42,211 1,094,953 Macy's, Inc. 46,700 1,109,125 * Madison Square Garden Co. (The) Class A 27,607 6,065,810 * Malibu Boats, Inc. Class A 13,793 394,618 Marcus Corp. (The) 21,411 582,379 # Marine Products Corp. 15,913 231,057 * MarineMax, Inc. 52,012 777,579 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) Marriott International, Inc. Class A 10,358 $1,079,200 Marriott Vacations Worldwide Corp. 49,997 5,842,149 # Mattel, Inc. 27,565 551,851 #* McClatchy Co. (The) Class A 10,395 83,160 McDonald's Corp. 2,590 401,813 # MDC Holdings, Inc. 97,074 3,328,667 (degrees) Media General, Inc. 38,825 78,427 # Meredith Corp. 52,994 3,150,493 * Meritage Homes Corp. 87,210 3,553,807 # MGM Resorts International 152,992 5,038,027 * Michael Kors Holdings, Ltd. 7,681 279,896 #* Michaels Cos., Inc. (The) 20,089 404,592 * Modine Manufacturing Co. 84,275 1,369,469 * Mohawk Industries, Inc. 13,679 3,405,934 * Monarch Casino & Resort, Inc. 5,624 186,098 # Monro Muffler Brake, Inc. 20,117 937,452 #* Motorcar Parts of America, Inc. 25,932 725,318 Movado Group, Inc. 21,143 520,118 #* MSG Networks, Inc. Class A 34,736 743,350 #* Murphy USA, Inc. 43,345 3,282,517 NACCO Industries, Inc. Class A 9,759 640,190 * Nathan's Famous, Inc. 4,306 269,125 # National American University Holdings, Inc. 579 1,297 National CineMedia, Inc. 26,421 188,910 #* Nautilus, Inc. 50,709 892,478 # New Media Investment Group, Inc. 23,158 322,823 * New York & Co., Inc. 65,226 101,753 New York Times Co. (The) Class A 175,209 3,328,971 # Newell Brands, Inc. 28,288 1,491,343 News Corp. Class A 153,665 2,198,946 News Corp. Class B 65,934 969,230 # Nexstar Media Group, Inc. Class A 36,732 2,402,273 NIKE, Inc. Class B 4,800 283,440 Nobility Homes, Inc. 1,284 22,984 # Nordstrom, Inc. 17,604 855,026 * Norwegian Cruise Line Holdings, Ltd. 31,043 1,709,538 # Nutrisystem, Inc. 24,845 1,385,109 * NVR, Inc. 830 2,166,665 #* O'Reilly Automotive, Inc. 8,252 1,685,884 Office Depot, Inc. 809,121 4,749,540 #* Ollie's Bargain Outlet Holdings, Inc. 70,648 3,157,966 # Omnicom Group, Inc. 20,779 1,636,138 * Overstock.com, Inc. 55,582 889,312 Oxford Industries, Inc. 21,706 1,370,300 P&F Industries, Inc. Class A 2,014 12,144 # Papa John's International, Inc. 7,165 511,079 #* Papa Murphy's Holdings, Inc. 7,233 30,813 #* Party City Holdco, Inc. 19,907 277,703 #* Penn National Gaming, Inc. 52,470 1,057,795 # Penske Automotive Group, Inc. 105,632 4,599,217 * Perfumania Holdings, Inc. 3,665 5,717 * Perry Ellis International, Inc. 17,492 343,543 # PetMed Express, Inc. 21,612 1,027,434 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) * PICO Holdings, Inc. 33,012 $ 536,445 # Pier 1 Imports, Inc. 149,137 687,522 #* Pinnacle Entertainment, Inc. 19,407 368,733 # Planet Fitness, Inc. Class A 26,471 599,833 * Playa Hotels & Resorts NV 3,307 39,089 # Polaris Industries, Inc. 9,939 891,131 # Pool Corp. 11,818 1,277,762 * Potbelly Corp. 12,537 144,176 * Priceline Group, Inc. (The) 1,900 3,854,150 PulteGroup, Inc. 240,515 5,873,376 PVH Corp. 46,237 5,515,612 * QEP Co., Inc. 1,500 38,888 # Ralph Lauren Corp. 9,892 748,330 RCI Hospitality Holdings, Inc. 20,006 453,936 * Reading International, Inc. Class A 30,798 491,536 * Red Lion Hotels Corp. 31,299 223,788 #* Red Robin Gourmet Burgers, Inc. 21,266 1,271,707 # Regal Entertainment Group Class A 17,494 332,736 * Regis Corp. 68,795 724,411 # Rent-A-Center, Inc. 65,105 860,688 * RH 10,556 687,512 Rocky Brands, Inc. 9,423 131,451 Ross Stores, Inc. 23,632 1,307,322 Royal Caribbean Cruises, Ltd. 30,080 3,401,146 #* Ruby Tuesday, Inc. 91,843 185,523 Ruth's Hospitality Group, Inc. 46,325 926,500 Salem Media Group, Inc. 22,144 158,330 #* Sally Beauty Holdings, Inc. 20,174 408,120 Scholastic Corp. 52,747 2,185,308 #* Scientific Games Corp. Class A 24,010 889,570 # Scripps Networks Interactive, Inc. Class A 5,300 463,273 #* Sears Hometown and Outlet Stores, Inc. 1,071 2,410 # SeaWorld Entertainment, Inc. 126,883 1,951,461 * Select Comfort Corp. 40,444 1,367,412 #* Sequential Brands Group, Inc. 2,686 8,622 # Service Corp. International 73,348 2,547,376 #* ServiceMaster Global Holdings, Inc. 34,770 1,528,489 * Shiloh Industries, Inc. 21,831 161,986 Shoe Carnival, Inc. 25,961 474,048 * Shutterfly, Inc. 42,422 2,080,375 # Signet Jewelers, Ltd. 15,756 963,637 Sinclair Broadcast Group, Inc. Class A 65,020 2,343,971 # Sirius XM Holdings, Inc. 124,278 728,269 # Six Flags Entertainment Corp. 16,495 938,071 * Skechers U.S.A., Inc. Class A 113,986 3,201,867 * Skyline Corp. 8,700 64,989 # Sonic Automotive, Inc. Class A 62,520 1,134,738 # Sonic Corp. 28,283 669,176 #* Sotheby's 58,473 3,308,987 Speedway Motorsports, Inc. 57,549 1,223,492 #* Sportsman's Warehouse Holdings, Inc. 19,810 89,739 # Stage Stores, Inc. 52,572 104,618 Standard Motor Products, Inc. 35,061 1,766,373 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) Stanley Furniture Co., Inc. 13,731 $ 17,301 Staples, Inc. 330,826 3,357,884 # Stein Mart, Inc. 59,443 82,626 * Steven Madden, Ltd. 83,527 3,424,607 * Stoneridge, Inc. 61,626 940,413 Strattec Security Corp. 6,011 213,390 # Strayer Education, Inc. 16,401 1,289,447 # Sturm Ruger & Co., Inc. 16,895 973,152 Superior Industries International, Inc. 32,275 630,976 Superior Uniform Group, Inc. 22,099 493,471 * Sypris Solutions, Inc. 17,625 29,346 # Tailored Brands, Inc. 7,899 99,053 * Tandy Leather Factory, Inc. 17,438 154,326 # Target Corp. 52,314 2,964,634 * Taylor Morrison Home Corp. Class A 38,014 859,877 # TEGNA, Inc. 180,466 2,676,311 #* Tempur Sealy International, Inc. 13,378 771,509 Tenneco, Inc. 14,191 784,762 * Tesla, Inc. 697 225,459 # Texas Roadhouse, Inc. 39,134 1,851,038 Thor Industries, Inc. 35,911 3,783,224 # Tiffany & Co. 15,364 1,467,416 # Tile Shop Holdings, Inc. 8,669 126,567 Tilly's, Inc. Class A 4,855 48,453 Time Warner, Inc. 94,912 9,720,887 Time, Inc. 145,835 2,048,982 TJX Cos., Inc. (The) 10,244 720,256 # Toll Brothers, Inc. 168,226 6,491,841 * TopBuild Corp. 41,972 2,215,282 Tower International, Inc. 28,229 697,256 * Town Sports International Holdings, Inc. 12,510 68,805 # Tractor Supply Co. 17,500 982,100 * Trans World Entertainment Corp. 1,500 2,625 * TRI Pointe Group, Inc. 241,024 3,205,619 Tribune Media Co. Class A 21,486 905,635 #* TripAdvisor, Inc. 14,450 563,839 * tronc, Inc. 5,436 69,418 #* Tuesday Morning Corp. 57,924 107,159 Tupperware Brands Corp. 6,900 418,899 # Twenty-First Century Fox, Inc. Class A 85,500 2,488,050 Twenty-First Century Fox, Inc. Class B 23,700 679,953 * UCP, Inc. Class A 5,885 65,618 * Ulta Salon Cosmetics & Fragrance, Inc. 10,973 2,756,527 #* Under Armour, Inc. Class A 11,332 226,867 #* Under Armour, Inc. Class C 11,412 206,671 * Unifi, Inc. 23,080 756,101 #* Universal Electronics, Inc. 16,500 1,129,425 * Universal Technical Institute, Inc. 22,884 81,467 #* Urban One, Inc. 39,577 75,196 #* Urban Outfitters, Inc. 92,422 1,810,547 * US Auto Parts Network, Inc. 26,854 70,089 Vail Resorts, Inc. 6,250 1,317,250 * Vera Bradley, Inc. 46,851 472,258 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) # VF Corp. 13,052 $ 811,704 # Viacom, Inc. Class A 2,734 110,727 Viacom, Inc. Class B 84,611 2,954,616 #* Vista Outdoor, Inc. 73,020 1,686,032 * Visteon Corp. 33,240 3,707,590 * Vitamin Shoppe, Inc. 47,053 517,583 * VOXX International Corp. 36,528 244,738 Walt Disney Co. (The) 118,253 12,999,552 #* Weight Watchers International, Inc. 6,975 249,844 Wendy's Co. (The) 203,015 3,134,552 West Marine, Inc. 38,812 500,287 Weyco Group, Inc. 10,680 297,758 Whirlpool Corp. 17,108 3,043,171 #* William Lyon Homes Class A 38,227 864,312 # Williams-Sonoma, Inc. 60,946 2,829,723 #* Wingstop, Inc. 12,474 374,345 # Winmark Corp. 3,672 488,560 Winnebago Industries, Inc. 58,248 2,143,526 Wolverine World Wide, Inc. 133,247 3,757,565 Wyndham Worldwide Corp. 20,878 2,179,037 # Wynn Resorts, Ltd. 2,100 271,614 * ZAGG, Inc. 64,087 541,535 #* Zumiez, Inc. 45,269 574,916 ------------ Total Consumer Discretionary 639,113,823 ------------ Consumer Staples -- (4.0%) Alico, Inc. 10,288 310,698 * Alliance One International, Inc. 13,912 211,462 Altria Group, Inc. 13,203 857,799 Andersons, Inc. (The) 47,471 1,635,376 Archer-Daniels-Midland Co. 72,440 3,055,519 #* Avon Products, Inc. 165,395 602,038 # B&G Foods, Inc. 40,875 1,481,719 #* Blue Buffalo Pet Products, Inc. 33,698 753,824 #* Boston Beer Co., Inc. (The) Class A 3,985 624,848 * Bridgford Foods Corp. 3,414 38,100 # British American Tobacco P.L.C. Sponsored ADR 15,821 989,158 Brown-Forman Corp. Class A 7,616 392,529 # Brown-Forman Corp. Class B 4,922 243,147 Bunge, Ltd. 99,844 7,826,771 #* Cal-Maine Foods, Inc. 44,448 1,695,691 # Calavo Growers, Inc. 11,046 817,956 # Casey's General Stores, Inc. 17,684 1,887,767 * CCA Industries, Inc. 4,700 16,685 #* Central Garden & Pet Co. 20,939 670,048 * Central Garden & Pet Co. Class A 54,289 1,669,930 #* Chefs' Warehouse, Inc. (The) 34,429 499,221 Church & Dwight Co., Inc. 20,030 1,068,600 # Coca-Cola Bottling Co. Consolidated 9,412 2,259,727 * Coffee Holding Co., Inc. 1,900 7,904 Conagra Brands, Inc. 25,303 866,375 Constellation Brands, Inc. Class A 9,086 1,756,778 Constellation Brands, Inc. Class B 1,214 238,041 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Staples -- (Continued) Costco Wholesale Corp. 12,989 $2,058,886 # Coty, Inc. Class A 127,518 2,611,569 #* Craft Brew Alliance, Inc. 29,866 522,655 * Crimson Wine Group, Ltd. 7,007 74,975 CVS Health Corp. 102,304 8,177,159 * Darling Ingredients, Inc. 235,762 3,835,848 Dean Foods Co. 171,181 2,567,715 # Dr Pepper Snapple Group, Inc. 17,376 1,583,996 #* Edgewell Personal Care Co. 45,537 3,287,771 Energizer Holdings, Inc. 10,791 497,141 #* Farmer Brothers Co. 21,797 678,977 # Flowers Foods, Inc. 138,410 2,434,632 Fresh Del Monte Produce, Inc. 82,609 4,251,885 # General Mills, Inc. 16,200 901,692 #* Hain Celestial Group, Inc. (The) 60,685 2,713,226 #* Herbalife, Ltd. 12,245 814,415 # Hormel Foods Corp. 45,106 1,541,272 #* Hostess Brands, Inc. 47,785 730,155 * HRG Group, Inc. 68,168 1,129,544 Ingles Markets, Inc. Class A 23,613 696,583 Ingredion, Inc. 28,717 3,541,380 Inter Parfums, Inc. 38,594 1,497,447 #* Inventure Foods, Inc. 1,791 6,985 # J&J Snack Foods Corp. 17,267 2,268,884 JM Smucker Co. (The) 27,615 3,366,268 # John B. Sanfilippo & Son, Inc. 10,938 703,532 Kraft Heinz Co. (The) 60,931 5,329,025 Kroger Co. (The) 45,015 1,103,768 Lamb Weston Holdings, Inc. 5,072 223,067 Lancaster Colony Corp. 10,957 1,343,547 * Landec Corp. 52,000 639,600 * Lifevantage Corp. 2,000 7,600 * Lifeway Foods, Inc. 4,839 44,374 Limoneira Co. 2,554 58,129 Mannatech, Inc. 2,569 41,746 # McCormick & Co., Inc. Non-Voting 9,862 939,849 # McCormick & Co., Inc. Voting 1,064 101,378 Medifast, Inc. 19,819 846,073 # MGP Ingredients, Inc. 28,831 1,699,876 Molson Coors Brewing Co. Class A 534 49,419 Molson Coors Brewing Co. Class B 99,795 8,879,759 Mondelez International, Inc. Class A 104,512 4,600,618 * Monster Beverage Corp. 7,200 379,800 # National Beverage Corp. 27,000 2,757,240 * Natural Alternatives International, Inc. 8,015 80,150 #* Natural Grocers by Vitamin Cottage, Inc. 15,356 135,286 # Natural Health Trends Corp. 995 24,507 Nature's Sunshine Products, Inc. 1,303 16,483 Nu Skin Enterprises, Inc. Class A 21,956 1,391,132 Nutraceutical International Corp. 14,516 606,769 Oil-Dri Corp. of America 7,273 300,811 Omega Protein Corp. 40,196 643,136 # Orchids Paper Products Co. 13,352 150,344 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) PepsiCo, Inc. 9,195 $ 1,072,229 * Performance Food Group Co. 39,395 1,134,576 Philip Morris International, Inc. 36,900 4,306,599 #* Pilgrim's Pride Corp. 33,046 802,687 Pinnacle Foods, Inc. 21,217 1,259,865 #* Post Holdings, Inc. 101,168 8,417,178 # PriceSmart, Inc. 11,452 964,831 #* Primo Water Corp. 13,032 161,727 Procter & Gamble Co. (The) 116,144 10,548,198 #* Revlon, Inc. Class A 15,564 304,276 #* Rite Aid Corp. 87,461 195,913 Rocky Mountain Chocolate Factory, Inc. 5,450 64,801 # Sanderson Farms, Inc. 30,211 3,950,088 Seaboard Corp. 535 2,287,125 * Seneca Foods Corp. Class A 12,820 367,934 * Seneca Foods Corp. Class B 1,251 38,656 #* Smart & Final Stores, Inc. 764 6,570 # Snyder's-Lance, Inc. 75,632 2,631,237 SpartanNash Co. 57,409 1,592,526 # Spectrum Brands Holdings, Inc. 9,827 1,134,429 #* Sprouts Farmers Market, Inc. 36,308 873,934 * SUPERVALU, Inc. 103,678 371,167 * Tofutti Brands, Inc. 799 1,562 # Tootsie Roll Industries, Inc. 21,061 783,469 #* TreeHouse Foods, Inc. 78,769 6,681,974 Tyson Foods, Inc. Class A 47,445 3,006,115 #* United Natural Foods, Inc. 74,354 2,864,860 United-Guardian, Inc. 1,872 29,484 Universal Corp. 40,884 2,614,532 #* USANA Health Sciences, Inc. 19,931 1,138,060 # Vector Group, Ltd. 28,920 582,160 Village Super Market, Inc. Class A 10,231 253,013 Wal-Mart Stores, Inc. 198,213 15,855,058 Walgreens Boots Alliance, Inc. 96,800 7,808,856 # WD-40 Co. 7,242 772,359 Weis Markets, Inc. 33,709 1,594,773 Whole Foods Market, Inc. 52,623 2,197,536 ------------ Total Consumer Staples 206,036,146 ------------ Energy -- (5.6%) * Abraxas Petroleum Corp. 3,303 5,879 Adams Resources & Energy, Inc. 5,276 200,435 Anadarko Petroleum Corp. 33,696 1,538,896 Andeavor 175,682 17,485,629 #* Antero Resources Corp. 44,950 926,869 # Apache Corp. 40,827 2,020,120 #* Approach Resources, Inc. 1,047 3,277 Archrock, Inc. 74,370 814,352 #* Ardmore Shipping Corp. 3,093 24,589 #* Atwood Oceanics, Inc. 102,478 805,477 Baker Hughes a GE Co. 55,395 2,043,522 * Barnwell Industries, Inc. 7,497 14,019 * Bill Barrett Corp. 64,057 216,513 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) # Bristow Group, Inc. 41,007 $ 302,222 # Cabot Oil & Gas Corp. 37,044 921,284 #* Callon Petroleum Co. 132,100 1,495,372 #* CARBO Ceramics, Inc. 8,479 59,947 Cheniere Energy Partners L.P. Holdings LLC 5,237 137,052 #* Cheniere Energy, Inc. 7,686 347,407 #* Chesapeake Energy Corp. 111,028 550,699 Chevron Corp. 222,498 24,294,557 Cimarex Energy Co. 9,239 914,938 #* Clean Energy Fuels Corp. 62,758 164,426 * Cloud Peak Energy, Inc. 78,591 271,925 #* Cobalt International Energy, Inc. 5,401 13,935 #* Concho Resources, Inc. 14,935 1,945,433 ConocoPhillips 152,715 6,928,680 #* CONSOL Energy, Inc. 292,878 4,908,635 * Contango Oil & Gas Co. 35,331 211,986 #* Continental Resources, Inc. 18,071 604,114 # Core Laboratories NV 7,352 739,097 # CVR Energy, Inc. 30,742 581,331 * Dawson Geophysical Co. 23,733 95,169 # Delek US Holdings, Inc. 139,595 3,644,825 #* Denbury Resources, Inc. 484,869 707,909 Devon Energy Corp. 13,078 435,628 # DHT Holdings, Inc. 138,015 574,142 #* Diamond Offshore Drilling, Inc. 153,676 1,908,656 #* Diamondback Energy, Inc. 10,793 1,034,833 #* Dorian LPG, Ltd. 9,118 65,650 #* Dril-Quip, Inc. 63,931 2,851,323 * Eclipse Resources Corp. 80,494 226,188 #* Energen Corp. 14,552 775,331 * ENGlobal Corp. 25,261 31,576 # EnLink Midstream LLC 136,122 2,388,941 # Ensco P.L.C. Class A 428,032 2,264,289 EOG Resources, Inc. 28,939 2,753,256 #* EP Energy Corp. Class A 43,409 146,722 * Era Group, Inc. 28,008 245,350 Evolution Petroleum Corp. 17,145 147,447 * Exterran Corp. 49,603 1,373,507 Exxon Mobil Corp. 261,711 20,947,348 #* Forum Energy Technologies, Inc. 189,136 2,506,052 # Frank's International NV 34,910 282,771 # GasLog, Ltd. 57,896 1,056,602 #* Gastar Exploration, Inc. 62,251 53,536 #* Geospace Technologies Corp. 11,088 170,644 Green Plains, Inc. 46,043 909,349 Gulf Island Fabrication, Inc. 22,632 258,005 * Gulfport Energy Corp. 129,494 1,634,214 Hallador Energy Co. 4,268 29,407 Halliburton Co. 29,014 1,231,354 * Helix Energy Solutions Group, Inc. 234,990 1,536,835 # Helmerich & Payne, Inc. 52,910 2,678,304 # Hess Corp. 116,833 5,203,742 # HollyFrontier Corp. 211,053 6,086,769 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Energy -- (Continued) #* Hornbeck Offshore Services, Inc. 46,873 $ 118,120 * International Seaways, Inc. 8,030 183,164 * ION Geophysical Corp. 11,700 41,535 #* Jones Energy, Inc. Class A 3,724 5,586 Kinder Morgan, Inc. 191,134 3,904,868 #* Kosmos Energy, Ltd. 341,746 2,255,524 #* Laredo Petroleum, Inc. 43,555 564,473 # Marathon Oil Corp. 297,059 3,633,032 Marathon Petroleum Corp. 79,270 4,438,327 #* Matador Resources Co. 72,684 1,763,314 * Matrix Service Co. 43,035 445,412 #* McDermott International, Inc. 327,276 2,215,659 * Mitcham Industries, Inc. 22,567 89,591 # Murphy Oil Corp. 203,591 5,411,449 # Nabors Industries, Ltd. 366,821 2,828,190 # National Oilwell Varco, Inc. 146,270 4,784,492 * Natural Gas Services Group, Inc. 24,515 611,649 #* Newfield Exploration Co. 7,847 225,444 * Newpark Resources, Inc. 198,215 1,655,095 # Noble Corp. P.L.C. 314,663 1,258,652 Noble Energy, Inc. 227,962 6,590,381 # Nordic American Offshore, Ltd. 239 287 # Nordic American Tankers, Ltd. 27,665 162,670 #* Northern Oil and Gas, Inc. 55,846 69,808 * Oasis Petroleum, Inc. 295,929 2,302,328 Occidental Petroleum Corp. 47,367 2,933,438 Oceaneering International, Inc. 127,847 3,279,276 * Oil States International, Inc. 93,470 2,322,730 ONEOK, Inc. 18,514 1,047,337 * Overseas Shipholding Group, Inc. Class A 5,822 17,932 #* Pacific Drilling SA 1,989 2,984 Panhandle Oil and Gas, Inc. Class A 27,323 601,106 #* Par Pacific Holdings, Inc. 26,273 470,549 * Parker Drilling Co. 169,933 203,920 * Parsley Energy, Inc. Class A 31,722 928,820 Patterson-UTI Energy, Inc. 204,087 3,947,043 # PBF Energy, Inc. Class A 180,491 4,109,780 * PDC Energy, Inc. 80,200 3,782,232 #* PetroQuest Energy, Inc. 3,650 7,921 * PHI, Inc. Non-Voting 19,300 187,210 * PHI, Inc. Voting 1,053 9,951 Phillips 66 63,634 5,329,347 * Pioneer Energy Services Corp. 143,807 316,375 Pioneer Natural Resources Co. 8,662 1,412,772 * QEP Resources, Inc. 295,952 2,536,309 # Range Resources Corp. 81,374 1,717,805 #* Renewable Energy Group, Inc. 94,220 1,177,750 #* REX American Resources Corp. 9,639 963,707 * Rice Energy, Inc. 222,418 6,221,031 * RigNet, Inc. 18,417 349,002 #* Ring Energy, Inc. 29,973 391,447 #* Rowan Cos. P.L.C. Class A 174,129 2,032,085 # RPC, Inc. 44,644 924,577 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) * RSP Permian, Inc. 84,703 $ 2,910,395 Schlumberger, Ltd. 75,956 5,210,582 Scorpio Tankers, Inc. 376,485 1,396,759 * SEACOR Holdings, Inc. 35,400 1,206,786 * SEACOR Marine Holdings, Inc. 35,592 518,925 SemGroup Corp. Class A 84,729 2,291,919 # Ship Finance International, Ltd. 102,242 1,390,491 # SM Energy Co. 116,566 2,027,083 #* SRC Energy, Inc. 289,003 2,459,416 #* Superior Energy Services, Inc. 212,226 2,283,552 # Targa Resources Corp. 53,566 2,485,998 * TechnipFMC P.L.C. 162,374 4,634,154 # Teekay Corp. 35,340 346,332 # Teekay Tankers, Ltd. Class A 107,540 193,572 * Tesco Corp. 102,309 470,621 * TETRA Technologies, Inc. 136,770 384,324 #* Transocean, Ltd. 459,768 3,976,993 #* Ultra Petroleum Corp. 23,820 245,108 * Unit Corp. 89,876 1,615,970 # US Silica Holdings, Inc. 42,786 1,246,356 * Vaalco Energy, Inc. 77,695 71,246 Valero Energy Corp. 110,095 7,593,252 #* Weatherford International P.L.C. 462,672 2,063,517 #* Whiting Petroleum Corp. 420,463 2,207,431 * Willbros Group, Inc. 80,929 165,095 Williams Cos., Inc. (The) 21,384 679,584 World Fuel Services Corp. 74,849 2,420,617 #* WPX Energy, Inc. 502,974 5,422,060 ------------ Total Energy 288,449,915 ------------ Financials -- (20.7%) 1st Constitution Bancorp 2,774 47,574 1st Source Corp. 40,229 1,975,244 A-Mark Precious Metals, Inc. 5,846 88,099 Access National Corp. 14,788 393,213 # Affiliated Managers Group, Inc. 6,030 1,120,555 Aflac, Inc. 50,561 4,032,240 * Alleghany Corp. 7,498 4,598,823 Allstate Corp. (The) 41,222 3,751,202 # Ally Financial, Inc. 307,805 6,968,705 * Ambac Financial Group, Inc. 50,082 1,023,175 American Equity Investment Life Holding Co. 158,798 4,252,610 American Express Co. 78,820 6,717,829 American Financial Group, Inc. 70,607 7,159,550 American International Group, Inc. 69,221 4,530,514 American National Bankshares, Inc. 6,941 262,023 American National Insurance Co. 21,575 2,567,425 American River Bankshares 4,649 64,854 Ameriprise Financial, Inc. 28,122 4,074,315 Ameris Bancorp 54,422 2,492,528 # AMERISAFE, Inc. 26,331 1,520,615 AmeriServ Financial, Inc. 17,822 70,397 # Ames National Corp. 900 26,640 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Amtrust Financial Services, Inc. 140,078 $ 2,241,248 * Arch Capital Group, Ltd. 58,304 5,670,647 Argo Group International Holdings, Ltd. 44,536 2,669,933 Arrow Financial Corp. 17,969 585,789 # Arthur J Gallagher & Co. 14,066 826,940 # Artisan Partners Asset Management, Inc. Class A 6,265 208,311 Aspen Insurance Holdings, Ltd. 84,541 4,125,601 Associated Banc-Corp 177,826 4,258,933 Assurant, Inc. 44,325 4,666,093 Assured Guaranty, Ltd. 200,009 9,002,405 * Asta Funding, Inc. 1,515 11,097 Astoria Financial Corp. 213,460 4,307,623 Atlantic American Corp. 5,179 18,644 * Atlantic Coast Financial Corp. 4,319 34,336 * Atlanticus Holdings Corp. 19,831 48,983 * Atlas Financial Holdings, Inc. 3,399 52,515 Auburn National Bancorporation, Inc. 1,260 46,633 Axis Capital Holdings, Ltd. 79,742 5,149,738 Baldwin & Lyons, Inc. Class A 1,285 29,941 Baldwin & Lyons, Inc. Class B 13,262 310,331 # Banc of California, Inc. 57,307 1,177,659 BancFirst Corp. 21,230 2,266,302 * Bancorp, Inc. (The) 53,534 414,889 BancorpSouth, Inc. 128,313 3,855,806 Bank Mutual Corp. 54,299 540,275 Bank of America Corp. 1,204,998 29,064,552 Bank of Commerce Holdings 5,615 58,115 # Bank of Hawaii Corp. 35,363 2,958,822 # Bank of Marin Bancorp 3,938 262,468 Bank of New York Mellon Corp. (The) 95,987 5,090,191 # Bank of the Ozarks, Inc. 52,678 2,273,056 BankFinancial Corp. 35,242 527,925 BankUnited, Inc. 112,600 3,875,692 Banner Corp. 39,307 2,270,765 Bar Harbor Bankshares 13,876 387,002 # BB&T Corp. 95,749 4,530,843 # BCB Bancorp, Inc. 7,110 106,650 Beneficial Bancorp, Inc. 86,109 1,343,300 * Berkshire Bancorp, Inc. 2,025 23,136 Berkshire Hills Bancorp, Inc. 47,853 1,777,739 BGC Partners, Inc. Class A 127,988 1,613,929 BlackRock, Inc. 5,883 2,509,276 Blue Hills Bancorp, Inc. 1,744 33,049 #* BofI Holding, Inc. 60,340 1,681,676 BOK Financial Corp. 55,430 4,715,430 Boston Private Financial Holdings, Inc. 156,144 2,396,810 Bridge Bancorp, Inc. 4,660 151,450 Brookline Bancorp, Inc. 126,453 1,877,827 Brown & Brown, Inc. 38,480 1,716,208 Bryn Mawr Bank Corp. 30,093 1,277,448 * BSB Bancorp, Inc. 1,848 54,608 C&F Financial Corp. 2,186 108,863 California First National Bancorp 6,388 106,360 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Camden National Corp. 19,957 $ 838,194 Canadian Imperial Bank of Commerce 9,687 841,219 Capital Bank Financial Corp. Class A 39,588 1,504,344 Capital City Bank Group, Inc. 22,366 477,738 Capital One Financial Corp. 70,527 6,078,017 Capitol Federal Financial, Inc. 263,225 3,753,588 Cathay General Bancorp 105,629 3,955,806 # CBOE Holdings, Inc. 12,636 1,194,481 CenterState Banks, Inc. 74,006 1,849,410 Central Pacific Financial Corp. 40,925 1,265,810 Century Bancorp, Inc. Class A 2,971 198,166 Charles Schwab Corp. (The) 31,812 1,364,735 Charter Financial Corp. 5,705 102,576 Chemical Financial Corp. 74,929 3,610,829 Chubb, Ltd. 31,930 4,676,468 # Cincinnati Financial Corp. 75,578 5,756,020 CIT Group, Inc. 76,639 3,651,848 Citigroup, Inc. 312,527 21,392,473 # Citizens & Northern Corp. 269 6,209 Citizens Community Bancorp, Inc. 3,663 51,099 # Citizens Financial Group, Inc. 137,837 4,835,322 Citizens First Corp. 1,000 21,900 Citizens Holding Co. 2,106 51,913 * Citizens, Inc. 46,149 371,499 City Holding Co. 22,994 1,509,096 # Clifton Bancorp, Inc. 39,340 656,585 CME Group, Inc. 7,914 970,415 CNA Financial Corp. 18,368 954,218 CNB Financial Corp. 12,102 319,009 CNO Financial Group, Inc. 235,316 5,384,030 CoBiz Financial, Inc. 68,937 1,213,291 Codorus Valley Bancorp, Inc. 3,077 86,033 # Cohen & Steers, Inc. 16,836 680,174 Colony Bankcorp, Inc. 3,099 43,541 Columbia Banking System, Inc. 125,358 4,994,263 Comerica, Inc. 76,472 5,529,690 # Commerce Bancshares, Inc. 56,819 3,297,775 Commercial National Financial Corp. 1,413 29,143 # Community Bank System, Inc. 71,634 3,932,707 Community Trust Bancorp, Inc. 24,914 1,076,285 Community West Bancshares 2,000 20,700 ConnectOne Bancorp, Inc. 32,404 729,090 * Consumer Portfolio Services, Inc. 49,069 201,674 #* Cowen, Inc. 18,912 302,592 Crawford & Co. Class A 34,203 254,128 # Crawford & Co. Class B 14,955 134,296 #* Credit Acceptance Corp. 9,229 2,298,944 * CU Bancorp 4,499 166,013 # Cullen/Frost Bankers, Inc. 26,515 2,407,032 * Customers Bancorp, Inc. 35,813 1,069,018 # CVB Financial Corp. 140,463 3,025,573 Diamond Hill Investment Group, Inc. 1,302 257,145 Dime Community Bancshares, Inc. 66,392 1,380,954 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Discover Financial Services 40,887 $2,491,654 Donegal Group, Inc. Class A 24,894 375,402 Donegal Group, Inc. Class B 3,821 59,417 * Donnelley Financial Solutions, Inc. 20,897 484,810 * E*TRADE Financial Corp. 92,841 3,806,481 Eagle Bancorp Montana, Inc. 3,414 62,306 * Eagle Bancorp, Inc. 37,599 2,348,058 East West Bancorp, Inc. 64,182 3,657,090 # Eaton Vance Corp. 25,477 1,250,666 * eHealth, Inc. 18,736 318,699 EMC Insurance Group, Inc. 22,745 630,037 Employers Holdings, Inc. 43,118 1,869,165 * Encore Capital Group, Inc. 40,928 1,641,213 * Enova International, Inc. 43,119 625,226 * Enstar Group, Ltd. 15,614 3,163,396 Enterprise Bancorp, Inc. 5,800 195,982 Enterprise Financial Services Corp. 30,818 1,218,852 Erie Indemnity Co. Class A 7,983 1,017,513 ESSA Bancorp, Inc. 11,606 171,189 #* Essent Group, Ltd. 21,349 820,229 # Evans Bancorp, Inc. 2,412 98,289 Evercore Partners, Inc. Class A 19,218 1,511,496 Everest Re Group, Ltd. 20,138 5,284,010 * Ezcorp, Inc. Class A 65,232 508,810 # FactSet Research Systems, Inc. 5,700 953,154 Fairfax Financial Holdings, Ltd. 3,540 1,685,928 Farmers Capital Bank Corp. 6,521 244,864 Farmers National Banc Corp. 300 4,125 FBL Financial Group, Inc. Class A 32,494 2,206,343 * FCB Financial Holdings, Inc. Class A 47,398 2,234,816 Federal Agricultural Mortgage Corp. Class A 987 66,129 Federal Agricultural Mortgage Corp. Class C 11,886 814,904 # Federated Investors, Inc. Class B 41,610 1,199,616 Federated National Holding Co. 25,970 413,442 # Fidelity & Guaranty Life 1,412 43,984 Fidelity Southern Corp. 38,641 813,779 Fifth Third Bancorp 213,576 5,702,479 # Financial Engines, Inc. 52,599 2,022,432 Financial Institutions, Inc. 18,667 548,810 * First Acceptance Corp. 27,407 24,666 First American Financial Corp. 149,802 7,251,915 First Bancorp(318910106) 25,123 786,350 * First BanCorp(318672706) 123,500 723,710 First Bancorp, Inc. 11,243 302,886 * First Bancshares, Inc. 700 8,120 # First Bancshares, Inc. (The) 222 6,161 First Busey Corp. 56,472 1,651,241 First Business Financial Services, Inc. 9,669 205,563 First Citizens BancShares, Inc. Class A 11,878 4,371,342 First Commonwealth Financial Corp. 172,895 2,252,822 First Community Bancshares, Inc. 23,114 629,163 First Connecticut Bancorp, Inc. 5,048 129,229 First Defiance Financial Corp. 10,928 565,524 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) First Financial Bancorp 119,369 $ 3,055,846 # First Financial Bankshares, Inc. 31,164 1,347,843 First Financial Corp. 12,972 597,361 First Financial Northwest, Inc. 19,410 318,518 * First Foundation, Inc. 1,012 17,548 # First Horizon National Corp. 292,586 5,099,774 First Interstate Bancsystem, Inc. Class A 49,976 1,826,623 First Merchants Corp. 66,676 2,696,377 First Midwest Bancorp, Inc. 169,007 3,753,645 First of Long Island Corp. (The) 10,387 290,317 # First Republic Bank 17,944 1,800,322 First South Bancorp, Inc. 7,807 134,358 * First United Corp. 4,159 62,801 FirstCash, Inc. 75,437 4,386,662 * Flagstar Bancorp, Inc. 65,966 2,147,853 Flushing Financial Corp. 55,135 1,573,002 FNB Corp. 386,279 5,292,022 FNF Group 190,265 9,296,348 * FNFV Group 63,414 1,093,892 Franklin Resources, Inc. 27,478 1,230,465 Fulton Financial Corp. 236,602 4,317,986 Gain Capital Holdings, Inc. 67,493 452,878 * GAINSCO, Inc. 1,497 25,861 * Genworth Financial, Inc. Class A 299,377 1,026,863 # German American Bancorp, Inc. 27,225 975,472 # Glacier Bancorp, Inc. 84,021 2,934,013 * Global Indemnity, Ltd. 19,269 746,866 Goldman Sachs Group, Inc. (The) 44,550 10,038,451 * Great Elm Capital Group, Inc. 1,552 5,354 Great Southern Bancorp, Inc. 20,100 1,044,195 Great Western Bancorp, Inc. 47,198 1,841,194 * Green Bancorp, Inc. 10,718 240,619 #* Green Dot Corp. Class A 69,471 2,795,513 # Greenhill & Co., Inc. 10,704 198,024 * Greenlight Capital Re, Ltd. Class A 53,491 1,144,707 Guaranty Bancorp 17,292 460,832 Guaranty Federal Bancshares, Inc. 1,886 40,549 * Hallmark Financial Services, Inc. 29,577 332,741 Hancock Holding Co. 128,012 5,888,552 Hanmi Financial Corp. 64,150 1,837,898 Hanover Insurance Group, Inc. (The) 59,753 5,668,170 Harleysville Financial Corp. 2,920 66,430 Hartford Financial Services Group, Inc. (The) 171,851 9,451,805 Hawthorn Bancshares, Inc. 2,475 50,304 # HCI Group, Inc. 23,797 1,073,007 Heartland Financial USA, Inc. 29,599 1,394,113 Hennessy Advisors, Inc. 1,171 18,549 Heritage Commerce Corp. 43,684 606,771 Heritage Financial Corp. 36,015 979,608 Hilltop Holdings, Inc. 181,844 4,551,555 Hingham Institution for Savings 1,338 236,692 * HMN Financial, Inc. 1,450 26,100 Home Bancorp, Inc. 7,010 284,045 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) # Home BancShares, Inc. 127,942 $ 3,172,962 * HomeStreet, Inc. 29,878 784,298 * HomeTrust Bancshares, Inc. 9,675 233,651 Hope Bancorp, Inc. 243,506 4,293,011 HopFed Bancorp, Inc. 2,207 32,178 Horace Mann Educators Corp. 51,415 1,897,213 Horizon Bancorp 16,662 439,377 Houlihan Lokey, Inc. 6,827 253,828 Huntington Bancshares, Inc. 600,769 7,960,189 Iberiabank Corp. 65,083 5,261,961 Independent Bank Corp.(453836108) 43,511 3,104,510 Independent Bank Corp.(453838609) 7,338 155,566 Independent Bank Group, Inc. 13,782 831,744 Infinity Property & Casualty Corp. 11,735 1,174,087 # Interactive Brokers Group, Inc. Class A 130,414 5,223,081 Intercontinental Exchange, Inc. 35,550 2,371,540 International Bancshares Corp. 106,125 3,756,825 * INTL. FCStone, Inc. 30,647 1,199,217 Invesco, Ltd. 171,277 5,955,301 Investment Technology Group, Inc. 53,366 1,177,788 Investors Bancorp, Inc. 408,417 5,423,778 Investors Title Co. 1,606 283,491 James River Group Holdings, Ltd. 31,162 1,251,466 #* Janus Henderson Group P.L.C. 97,469 3,264,237 JPMorgan Chase & Co. 550,713 50,555,453 Kearny Financial Corp. 64,182 937,057 Kemper Corp. 89,118 3,497,881 Kentucky First Federal Bancorp 2,320 22,736 KeyCorp 236,119 4,259,587 #* Ladenburg Thalmann Financial Services, Inc. 58,776 134,009 Lakeland Bancorp, Inc. 54,526 1,055,078 Lakeland Financial Corp. 37,698 1,734,108 Landmark Bancorp, Inc. 3,026 89,721 Lazard, Ltd. Class A 10,984 513,063 LegacyTexas Financial Group, Inc. 67,367 2,608,450 # Legg Mason, Inc. 112,058 4,483,441 #* LendingClub Corp. 376,417 1,908,434 #* LendingTree, Inc. 7,163 1,580,158 Leucadia National Corp. 156,313 4,068,827 Lincoln National Corp. 114,651 8,376,402 Loews Corp. 114,074 5,553,122 LPL Financial Holdings, Inc. 43,478 1,989,553 M&T Bank Corp. 11,270 1,838,701 Macatawa Bank Corp. 41,344 398,970 Mackinac Financial Corp. 6,295 91,529 * Magyar Bancorp, Inc. 1,971 25,189 Maiden Holdings, Ltd. 122,676 1,361,704 MainSource Financial Group, Inc. 36,763 1,284,499 Manning & Napier, Inc. 8,160 33,048 #* Markel Corp. 5,644 6,047,602 # MarketAxess Holdings, Inc. 7,069 1,434,229 Marlin Business Services Corp. 19,551 508,326 MB Financial, Inc. 103,287 4,224,438 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) #* MBIA, Inc. 282,838 $2,876,462 MBT Financial Corp. 11,984 115,046 Mercantile Bank Corp. 17,805 566,555 # Mercury General Corp. 38,303 2,293,967 Meridian Bancorp, Inc. 62,808 1,108,561 Meta Financial Group, Inc. 14,279 1,018,093 MetLife, Inc. 108,351 5,959,305 * MGIC Investment Corp. 70,927 827,718 Mid Penn Bancorp, Inc. 778 21,006 Midland States Bancorp, Inc. 562 17,849 MidSouth Bancorp, Inc. 10,806 121,568 MidWestOne Financial Group, Inc. 7,774 267,581 Moelis & Co. Class A 11,024 450,882 Morgan Stanley 171,784 8,056,670 Morningstar, Inc. 4,010 331,106 * MSB Financial Corp. 1,253 21,677 MSCI, Inc. 18,036 1,965,022 MutualFirst Financial, Inc. 5,851 204,200 Nasdaq, Inc. 37,150 2,762,845 National Bank Holdings Corp. Class A 49,963 1,705,237 National General Holdings Corp. 43,663 926,092 National Western Life Group, Inc. Class A 2,737 921,247 #* Nationstar Mortgage Holdings, Inc. 40,909 729,407 Navient Corp. 403,499 5,951,610 Navigators Group, Inc. (The) 47,437 2,703,909 NBT Bancorp, Inc. 69,890 2,525,825 Nelnet, Inc. Class A 55,598 2,729,306 # New York Community Bancorp, Inc. 206,831 2,715,691 NewStar Financial, Inc. 46,778 511,751 * Nicholas Financial, Inc. 8,092 71,210 * NMI Holdings, Inc. Class A 21,140 249,452 Northeast Community Bancorp, Inc. 10,523 95,759 Northern Trust Corp. 27,650 2,419,651 Northfield Bancorp, Inc. 88,208 1,481,012 Northrim BanCorp, Inc. 7,238 210,988 Northwest Bancshares, Inc. 199,334 3,209,277 # Norwood Financial Corp. 1,641 70,300 OceanFirst Financial Corp. 47,142 1,276,605 #* Ocwen Financial Corp. 44,269 127,052 OFG Bancorp 82,658 830,713 # Ohio Valley Banc Corp. 2,002 67,768 Old Line Bancshares, Inc. 4,510 122,131 Old National Bancorp 231,837 3,778,943 # Old Point Financial Corp. 700 22,484 Old Republic International Corp. 290,533 5,700,257 Old Second Bancorp, Inc. 17,178 203,559 OM Asset Management P.L.C. 3,415 51,464 OneBeacon Insurance Group, Ltd. Class A 37,573 688,337 #* OneMain Holdings, Inc. 19,845 530,655 Oppenheimer Holdings, Inc. Class A 9,819 154,649 Opus Bank 16,178 385,036 Oritani Financial Corp. 80,638 1,338,591 Pacific Continental Corp. 24,059 611,099 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) #* Pacific Mercantile Bancorp 11,608 $ 91,703 * Pacific Premier Bancorp, Inc. 44,584 1,600,566 PacWest Bancorp 110,924 5,326,570 # Park National Corp. 11,935 1,178,820 Park Sterling Corp. 46,022 534,776 # Patriot National Bancorp, Inc. 150 2,445 Peapack Gladstone Financial Corp. 19,775 618,364 Penns Woods Bancorp, Inc. 4,555 195,182 * PennyMac Financial Services, Inc. Class A 3,645 63,423 # People's United Financial, Inc. 192,265 3,353,102 # Peoples Bancorp of North Carolina, Inc. 3,297 104,251 Peoples Bancorp, Inc. 19,560 637,656 * PHH Corp. 57,045 786,080 Pinnacle Financial Partners, Inc. 64,404 4,115,416 Piper Jaffray Cos. 20,441 1,275,518 PJT Partners, Inc. Class A 2,999 130,097 PNC Financial Services Group, Inc. (The) 60,606 7,806,053 Popular, Inc. 116,807 4,922,247 #* PRA Group, Inc. 34,197 1,340,522 Preferred Bank 15,562 873,806 Premier Financial Bancorp, Inc. 7,077 134,463 # Primerica, Inc. 66,640 5,401,172 Principal Financial Group, Inc. 157,281 10,498,507 ProAssurance Corp. 67,243 4,155,617 Progressive Corp. (The) 31,737 1,495,765 Prosperity Bancshares, Inc. 75,164 4,818,012 Provident Financial Holdings, Inc. 9,638 183,122 Provident Financial Services, Inc. 101,274 2,685,786 Prudential Bancorp, Inc. 4,696 80,630 Prudential Financial, Inc. 53,496 6,057,352 Pzena Investment Management, Inc. Class A 5,580 58,869 QCR Holdings, Inc. 4,140 190,233 Radian Group, Inc. 128,091 2,231,345 Raymond James Financial, Inc. 33,270 2,767,731 * Regional Management Corp. 4,552 109,202 Regions Financial Corp. 601,406 8,780,528 Reinsurance Group of America, Inc. 31,131 4,364,566 RenaissanceRe Holdings, Ltd. 40,926 6,012,439 Renasant Corp. 58,607 2,484,351 Republic Bancorp, Inc. Class A 22,425 805,058 #* Republic First Bancorp, Inc. 20,713 184,346 Riverview Bancorp, Inc. 13,240 100,492 # RLI Corp. 27,009 1,568,143 * Royal Bancshares of Pennsylvania, Inc. Class A 12,894 55,315 S&T Bancorp, Inc. 48,662 1,843,317 * Safeguard Scientifics, Inc. 42,737 508,570 Safety Insurance Group, Inc. 26,070 1,849,666 Salisbury Bancorp, Inc. 856 36,209 Sandy Spring Bancorp, Inc. 35,619 1,426,185 * Santander Consumer USA Holdings, Inc. 85,137 1,090,605 SB Financial Group, Inc. 3,194 56,342 * Seacoast Banking Corp. of Florida 19,589 457,795 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) * Security National Financial Corp. Class A 4,803 $ 30,499 SEI Investments Co. 12,500 706,375 * Select Bancorp, Inc. 2,187 25,894 # Selective Insurance Group, Inc. 92,953 4,708,069 # ServisFirst Bancshares, Inc. 21,496 781,165 Shore Bancshares, Inc. 7,198 121,574 SI Financial Group, Inc. 9,640 148,938 # Siebert Financial Corp. 9,393 37,666 Sierra Bancorp 15,922 436,263 * Signature Bank 12,992 1,800,431 # Silvercrest Asset Management Group, Inc. Class A 3,950 49,968 Simmons First National Corp. Class A 41,632 2,271,026 * SLM Corp. 282,090 3,125,557 South State Corp. 38,485 3,223,119 * Southern First Bancshares, Inc. 2,325 85,676 Southern Missouri Bancorp, Inc. 2,930 94,961 Southern National Bancorp of Virginia, Inc. 2,189 37,038 Southside Bancshares, Inc. 37,462 1,301,055 Southwest Bancorp, Inc. 36,281 946,934 Southwest Georgia Financial Corp. 1,854 36,524 State Auto Financial Corp. 42,621 1,099,196 State Bank Financial Corp. 26,258 720,782 State National Cos., Inc. 7,481 156,203 State Street Corp. 29,032 2,706,653 # Sterling Bancorp 190,797 4,407,411 Stewart Information Services Corp. 37,856 1,487,741 * Stifel Financial Corp. 65,845 3,348,218 # Stock Yards Bancorp, Inc. 32,058 1,149,279 Stonegate Bank 4,244 197,558 # Summit Financial Group, Inc. 1,980 43,144 Summit State Bank 3,570 46,410 Sun Bancorp, Inc. 14,151 344,577 SunTrust Banks, Inc. 61,177 3,504,830 # Sussex Bancorp 2,146 51,504 #* SVB Financial Group 12,485 2,227,823 Synchrony Financial 86,437 2,620,770 Synovus Financial Corp. 175,916 7,648,828 # T Rowe Price Group, Inc. 20,541 1,699,152 TCF Financial Corp. 247,916 3,907,156 # TD Ameritrade Holding Corp. 19,229 879,342 Territorial Bancorp, Inc. 16,191 487,835 Teton Advisors, Inc. Class A 39 1,453 #* Texas Capital Bancshares, Inc. 64,077 5,020,433 # TFS Financial Corp. 44,220 706,636 * Third Point Reinsurance, Ltd. 47,251 687,502 Timberland Bancorp, Inc. 3,941 106,249 Tiptree, Inc. 72,177 494,412 # Tompkins Financial Corp. 21,805 1,716,272 Torchmark Corp. 34,307 2,709,224 Towne Bank 70,911 2,219,514 Travelers Cos., Inc. (The) 45,416 5,817,335 Trico Bancshares 29,848 1,101,391 * TriState Capital Holdings, Inc. 19,020 437,460 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) TrustCo Bank Corp. NY 195,240 $ 1,620,492 # Trustmark Corp. 115,267 3,683,933 U.S. Bancorp. 107,594 5,678,811 # UMB Financial Corp. 56,515 3,936,835 Umpqua Holdings Corp. 263,819 4,891,204 Union Bankshares Corp. 61,409 1,896,924 Union Bankshares, Inc. 2,000 87,700 United Bancshares, Inc. 2,040 45,696 # United Bankshares, Inc. 135,659 4,680,235 United Community Bancorp 993 18,966 United Community Banks, Inc. 109,553 3,041,191 United Community Financial Corp. 34,835 320,482 United Financial Bancorp, Inc. 76,387 1,381,841 United Fire Group, Inc. 31,660 1,428,499 # United Insurance Holdings Corp. 22,771 363,425 United Security Bancshares 12,137 114,088 # Unity Bancorp, Inc. 6,994 129,389 Universal Insurance Holdings, Inc. 77,807 1,855,697 Univest Corp. of Pennsylvania 38,421 1,171,841 Unum Group 115,811 5,805,605 Validus Holdings, Ltd. 106,222 5,713,681 # Valley National Bancorp 270,071 3,208,443 Value Line, Inc. 3,839 67,912 # Virtu Financial, Inc. Class A 4,012 66,399 # Virtus Investment Partners, Inc. 10,643 1,253,745 Voya Financial, Inc. 70,930 2,783,293 # Waddell & Reed Financial, Inc. Class A 64,970 1,342,930 * Walker & Dunlop, Inc. 53,691 2,697,973 Washington Federal, Inc. 129,533 4,332,879 Washington Trust Bancorp, Inc. 21,430 1,166,864 WashingtonFirst Bankshares, Inc. 1,147 39,273 Waterstone Financial, Inc. 40,622 765,725 Wayne Savings Bancshares, Inc. 1,684 29,302 Webster Financial Corp. 128,628 6,679,652 Wells Fargo & Co. 846,080 45,637,555 WesBanco, Inc. 57,809 2,210,038 West Bancorporation, Inc. 25,880 595,240 # Westamerica Bancorporation 19,828 1,084,988 * Western Alliance Bancorp 103,524 5,215,539 Western New England Bancorp, Inc. 42,262 420,507 # Westwood Holdings Group, Inc. 7,563 445,839 White Mountains Insurance Group, Ltd. 3,341 2,888,629 Willis Towers Watson P.L.C. 12,046 1,793,408 Wintrust Financial Corp. 78,278 5,895,116 # WisdomTree Investments, Inc. 44,385 463,379 * World Acceptance Corp. 9,747 736,581 # WR Berkley Corp. 105,115 7,249,782 WSFS Financial Corp. 36,387 1,642,873 WVS Financial Corp. 1,627 26,121 * Xenith Bankshares, Inc. 52 1,465 XL Group, Ltd. 134,906 5,989,826 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Financials -- (Continued) # Zions Bancorporation 103,147 $ 4,674,622 -------------- Total Financials 1,062,737,433 -------------- Health Care -- (7.6%) * AAC Holdings, Inc. 1,086 6,809 # Abaxis, Inc. 10,947 514,509 Abbott Laboratories 127,478 6,269,368 * ABIOMED, Inc. 2,919 432,275 #* Acadia Healthcare Co., Inc. 105,958 5,608,357 * Accuray, Inc. 19,449 82,658 Aceto Corp. 46,953 792,567 #* Acorda Therapeutics, Inc. 62,754 1,358,624 #* Adamas Pharmaceuticals, Inc. 13,833 240,003 * Addus HomeCare Corp. 19,099 648,411 Aetna, Inc. 41,410 6,389,977 Agilent Technologies, Inc. 29,267 1,749,874 #* Akebia Therapeutics, Inc. 2,541 33,516 * Akorn, Inc. 41,636 1,399,802 * Albany Molecular Research, Inc. 35,314 767,726 * Alere, Inc. 90,727 4,571,734 * Alexion Pharmaceuticals, Inc. 6,740 925,672 #* Align Technology, Inc. 13,755 2,300,249 #* Alkermes P.L.C. 9,386 510,692 Allergan P.L.C. 38,459 9,704,359 * Alliance HealthCare Services, Inc. 5,402 71,577 * Allied Healthcare Products, Inc. 2,460 5,166 * Allscripts Healthcare Solutions, Inc. 230,210 2,833,885 * Almost Family, Inc. 24,230 1,198,173 #* Alnylam Pharmaceuticals, Inc. 10,076 833,688 * AMAG Pharmaceuticals, Inc. 20,697 406,696 * Amedisys, Inc. 39,104 1,851,965 * American Shared Hospital Services 900 3,375 # AmerisourceBergen Corp. 5,303 497,527 Amgen, Inc. 26,868 4,688,735 #* AMN Healthcare Services, Inc. 75,322 2,779,382 #* Amphastar Pharmaceuticals, Inc. 25,608 442,506 Analogic Corp. 14,853 1,042,681 * AngioDynamics, Inc. 58,797 955,451 * ANI Pharmaceuticals, Inc. 3,047 148,480 * Anika Therapeutics, Inc. 21,990 1,125,008 Anthem, Inc. 52,191 9,718,486 * Aptevo Therapeutics, Inc. 31,842 58,589 #* Aralez Pharmaceuticals, Inc. 21,717 26,278 * Assembly Biosciences, Inc. 5,098 114,246 #* athenahealth, Inc. 4,256 588,690 Atrion Corp. 1,887 1,192,961 Baxter International, Inc. 27,355 1,654,430 Becton Dickinson and Co. 9,125 1,837,775 * Bio-Rad Laboratories, Inc. Class A 16,221 3,822,154 * Bio-Rad Laboratories, Inc. Class B 1,277 301,723 # Bio-Techne Corp. 10,652 1,234,673 * Biogen, Inc. 6,870 1,989,483 #* BioMarin Pharmaceutical, Inc. 4,800 421,104 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) #* BioScrip, Inc. 87,873 $ 253,953 * BioSpecifics Technologies Corp. 5,511 268,110 #* BioTelemetry, Inc. 39,890 1,364,238 * Bioverativ, Inc. 12,470 772,766 #* Bluebird Bio, Inc. 4,569 430,628 * Boston Scientific Corp. 33,151 882,480 * Bovie Medical Corp. 13,510 34,180 * Brookdale Senior Living, Inc. 176,118 2,500,876 Bruker Corp. 22,783 653,416 #* Cambrex Corp. 44,957 2,742,377 Cantel Medical Corp. 13,413 995,245 #* Capital Senior Living Corp. 47,675 657,915 #* Cara Therapeutics, Inc. 8,235 115,619 Cardinal Health, Inc. 11,763 908,809 * Catalent, Inc. 28,653 994,259 #* Celldex Therapeutics, Inc. 7,755 17,759 * Cempra, Inc. 10,300 41,200 * Centene Corp. 65,041 5,165,556 #* Cerner Corp. 8,000 514,960 * Charles River Laboratories International, Inc. 15,759 1,547,534 # Chemed Corp. 9,623 1,900,542 Cigna Corp. 18,390 3,191,768 #* Civitas Solutions, Inc. 5,668 101,174 #* Clovis Oncology, Inc. 2,393 202,950 #* Community Health Systems, Inc. 160,939 1,150,714 # Computer Programs & Systems, Inc. 7,500 229,875 * Concert Pharmaceuticals, Inc. 9,417 135,887 # CONMED Corp. 33,865 1,737,952 # Cooper Cos., Inc. (The) 4,843 1,181,062 #* Corcept Therapeutics, Inc. 25,639 319,718 * CorVel Corp. 13,794 655,905 CR Bard, Inc. 4,262 1,366,397 * Cross Country Healthcare, Inc. 41,631 489,581 * CryoLife, Inc. 51,939 973,856 * Cumberland Pharmaceuticals, Inc. 30,478 204,812 * Cutera, Inc. 16,314 424,980 #* Cyclacel Pharmaceuticals, Inc. 2,700 4,509 Danaher Corp. 46,052 3,752,777 * DaVita, Inc. 43,264 2,802,642 DENTSPLY SIRONA, Inc. 80,030 4,964,261 #* Depomed, Inc. 18,005 185,632 #* DexCom, Inc. 3,531 235,200 #* Dicerna Pharmaceuticals, Inc. 1,693 6,366 Digirad Corp. 16,700 68,470 * Diplomat Pharmacy, Inc. 112,006 1,777,535 * Edwards Lifesciences Corp. 13,100 1,508,858 * Electromed, Inc. 3,600 22,176 #* Emergent BioSolutions, Inc. 56,205 2,044,176 * Enanta Pharmaceuticals, Inc. 12,298 468,677 * Endo International P.L.C. 174,471 1,922,670 # Ensign Group, Inc. (The) 69,328 1,550,867 #* Envision Healthcare Corp. 59,362 3,349,798 * Enzo Biochem, Inc. 61,570 668,035 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Exact Sciences Corp. 5,393 $ 209,248 * Exactech, Inc. 16,995 495,404 * Exelixis, Inc. 2,843 77,074 * Express Scripts Holding Co. 71,160 4,457,462 #* Five Prime Therapeutics, Inc. 43,089 1,212,524 * Five Star Senior Living, Inc. 17,828 28,525 #* Genesis Healthcare, Inc. 15,256 21,969 Gilead Sciences, Inc. 60,687 4,617,674 #* Globus Medical, Inc. Class A 62,460 1,920,645 * Haemonetics Corp. 60,528 2,489,517 #* Halyard Health, Inc. 77,404 3,113,189 #* Hanger, Inc. 38,027 441,113 * Harvard Bioscience, Inc. 53,799 150,637 #* HealthEquity, Inc. 10,884 499,249 HealthSouth Corp. 21,897 931,936 * HealthStream, Inc. 46,827 1,106,054 * Henry Schein, Inc. 8,644 1,575,023 #* Heska Corp. 3,188 349,214 Hill-Rom Holdings, Inc. 38,499 2,868,945 * HMS Holdings Corp. 90,584 1,818,927 #* Hologic, Inc. 56,601 2,502,330 * Horizon Pharma P.L.C. 97,938 1,173,297 Humana, Inc. 17,598 4,068,658 * Icad, Inc. 1,300 5,070 * ICU Medical, Inc. 17,168 2,951,179 #* IDEXX Laboratories, Inc. 2,498 415,817 * Illumina, Inc. 8,820 1,533,357 #* Impax Laboratories, Inc. 63,236 1,223,617 * INC Research Holdings, Inc. Class A 32,929 1,811,095 * Incyte Corp. 4,323 576,213 * InfuSystem Holdings, Inc. 6,961 12,878 #* Innoviva, Inc. 3,555 48,775 * Inogen, Inc. 6,718 634,045 #* Insys Therapeutics, Inc. 3,050 34,953 * Integer Holdings Corp. 35,919 1,645,090 #* Integra LifeSciences Holdings Corp. 32,672 1,622,492 * Intuitive Surgical, Inc. 1,500 1,407,390 # Invacare Corp. 64,126 1,003,572 #* Ionis Pharmaceuticals, Inc. 8,575 449,330 #* iRadimed Corp. 3,451 33,992 * IRIDEX Corp. 4,733 44,490 #* Jazz Pharmaceuticals P.L.C. 4,993 766,975 Johnson & Johnson 114,841 15,241,698 #* Juniper Pharmaceuticals, Inc. 5,887 29,141 * Karyopharm Therapeutics, Inc. 6,200 52,328 Kewaunee Scientific Corp. 2,037 51,536 * Kindred Biosciences, Inc. 52,740 385,002 Kindred Healthcare, Inc. 185,454 1,659,813 #* Kite Pharma, Inc. 3,956 428,870 * Laboratory Corp. of America Holdings 15,677 2,491,232 Landauer, Inc. 5,838 317,879 #* Lannett Co., Inc. 22,843 464,855 * Lantheus Holdings, Inc. 3,538 65,276 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) # LeMaitre Vascular, Inc. 22,283 $ 803,748 * LHC Group, Inc. 25,238 1,461,280 * LifePoint Health, Inc. 71,791 4,264,385 #* Ligand Pharmaceuticals, Inc. 3,504 423,669 * Lipocine, Inc. 18,258 92,568 * LivaNova P.L.C. 14,338 873,758 Luminex Corp. 46,683 953,734 * Magellan Health, Inc. 46,829 3,491,102 #* Mallinckrodt P.L.C. 62,461 2,860,714 * Masimo Corp. 18,599 1,759,465 McKesson Corp. 15,324 2,480,496 #* Medicines Co. (The) 7,465 287,029 #* MediciNova, Inc. 4,568 23,799 #* Medidata Solutions, Inc. 2,084 160,072 #* MEDNAX, Inc. 43,597 2,048,187 Medtronic P.L.C. 68,039 5,713,235 Merck & Co., Inc. 149,737 9,565,200 # Meridian Bioscience, Inc. 38,301 518,979 * Merit Medical Systems, Inc. 66,660 2,733,060 * Micron Solutions, Inc. 1,153 4,566 #* Mirati Therapeutics, Inc. 2,383 11,915 * Misonix, Inc. 3,363 28,586 #* Molina Healthcare, Inc. 57,049 3,810,873 #* Momenta Pharmaceuticals, Inc. 28,579 472,982 * Mylan NV 49,236 1,919,712 #* Myriad Genetics, Inc. 73,233 1,777,365 National HealthCare Corp. 17,345 1,130,374 # National Research Corp. Class A 14,574 428,476 National Research Corp. Class B 2,429 122,519 * Natus Medical, Inc. 33,750 1,188,000 #* Neogen Corp. 12,896 849,460 #* Neurocrine Biosciences, Inc. 5,994 287,892 #* NuVasive, Inc. 15,985 1,051,653 * Nuvectra Corp. 8,480 98,877 #* Omnicell, Inc. 47,483 2,355,157 #* Opko Health, Inc. 74,958 483,479 * OraSure Technologies, Inc. 82,817 1,452,610 * Orthofix International NV 25,050 1,086,669 * Otonomy, Inc. 4,502 84,638 #* OvaScience, Inc. 314 477 # Owens & Minor, Inc. 91,532 2,950,076 * PAREXEL International Corp. 20,429 1,787,946 # Patterson Cos., Inc. 90,427 3,772,614 # PDL BioPharma, Inc. 63,262 143,605 PerkinElmer, Inc. 17,837 1,174,210 # Perrigo Co. P.L.C. 12,508 937,099 Pfizer, Inc. 448,468 14,871,199 * PharMerica Corp. 51,384 1,292,308 Phibro Animal Health Corp. Class A 9,527 363,931 * PRA Health Sciences, Inc. 8,726 649,214 #* Premier, Inc. Class A 19,141 668,021 * Prestige Brands Holdings, Inc. 50,165 2,690,349 #* Progenics Pharmaceuticals, Inc. 5,629 33,943 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ Health Care -- (Continued) * ProPhase Labs, Inc. 6,052 $ 12,649 * Providence Service Corp. (The) 26,296 1,355,296 #* PTC Therapeutics, Inc. 17,954 370,211 * Quality Systems, Inc. 61,569 1,052,830 Quest Diagnostics, Inc. 28,929 3,133,300 #* Quidel Corp. 27,966 894,632 #* Quintiles IMS Holdings, Inc. 23,537 2,131,275 * Quorum Health Corp. 41,309 140,864 #* RadNet, Inc. 29,019 223,446 * Regeneron Pharmaceuticals, Inc. 4,715 2,317,988 #* Repligen Corp. 15,944 642,065 # ResMed, Inc. 9,600 740,352 #* Retrophin, Inc. 10,929 221,203 #* Rigel Pharmaceuticals, Inc. 52,846 125,245 * RTI Surgical, Inc. 94,685 539,705 * Sangamo Therapeutics, Inc. 3,500 30,100 * SciClone Pharmaceuticals, Inc. 87,759 960,961 * SeaSpine Holdings Corp. 9,468 106,799 #* Seattle Genetics, Inc. 7,900 398,950 * Select Medical Holdings Corp. 221,452 3,587,522 Simulations Plus, Inc. 8,722 129,086 * Spectrum Pharmaceuticals, Inc. 72,811 543,170 # STERIS P.L.C. 16,038 1,312,710 Stryker Corp. 9,409 1,384,064 #* Sucampo Pharmaceuticals, Inc. Class A 25,536 277,066 #* Supernus Pharmaceuticals, Inc. 22,318 902,763 #* Surgery Partners, Inc. 5,508 109,334 * Surmodics, Inc. 21,529 566,213 #* Taro Pharmaceutical Industries, Ltd. 7,827 894,861 Teleflex, Inc. 8,037 1,665,427 #* Tenet Healthcare Corp. 124,238 2,155,529 #* TESARO, Inc. 2,400 306,384 * Tetraphase Pharmaceuticals, Inc. 13,862 90,657 Thermo Fisher Scientific, Inc. 30,534 5,359,633 #* Titan Pharmaceuticals, Inc. 3,680 6,992 #* Tivity Health, Inc. 63,372 2,512,700 * Triple-S Management Corp. Class B 40,733 630,547 #* United Therapeutics Corp. 36,283 4,658,737 UnitedHealth Group, Inc. 74,301 14,251,675 Universal Health Services, Inc. Class B 16,415 1,819,274 US Physical Therapy, Inc. 13,395 845,225 Utah Medical Products, Inc. 4,195 289,875 #* Varex Imaging Corp. 24,109 743,763 #* Varian Medical Systems, Inc. 7,690 746,853 * VCA, Inc. 42,307 3,916,782 * Veeva Systems, Inc. Class A 7,185 458,116 #* Vical, Inc. 2,511 6,554 * VWR Corp. 104,696 3,454,968 * Waters Corp. 5,244 909,519 * WellCare Health Plans, Inc. 26,274 4,650,235 West Pharmaceutical Services, Inc. 10,279 911,747 * Wright Medical Group NV 22,350 587,135 #* Xencor, Inc. 13,439 313,801 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) Zimmer Biomet Holdings, Inc. 10,795 $ 1,309,649 Zoetis, Inc. 45,040 2,815,901 * Zogenix, Inc. 5,821 69,852 ------------ Total Health Care 391,237,810 ------------ Industrials -- (14.0%) # AAON, Inc. 33,999 1,149,166 AAR Corp. 44,341 1,658,353 ABM Industries, Inc. 80,045 3,571,608 * Acacia Research Corp. 27,171 93,740 * ACCO Brands Corp. 203,680 2,372,872 Acme United Corp. 1,921 53,154 # Actuant Corp. Class A 74,684 1,807,353 # Acuity Brands, Inc. 4,829 978,597 # Advanced Drainage Systems, Inc. 12,175 250,196 #* Advisory Board Co. (The) 34,047 1,913,441 * AECOM 205,832 6,566,041 * Aegion Corp. 64,473 1,543,484 * AeroCentury Corp. 1,149 14,707 #* Aerojet Rocketdyne Holdings, Inc. 30,627 718,203 #* Aerovironment, Inc. 39,821 1,504,836 AGCO Corp. 92,512 6,673,816 #* Air Industries Group 1,000 1,450 # Air Lease Corp. 161,879 6,407,171 * Air Transport Services Group, Inc. 110,916 2,701,914 Aircastle, Ltd. 108,826 2,561,764 Alamo Group, Inc. 16,351 1,520,807 # Alaska Air Group, Inc. 39,195 3,340,590 Albany International Corp. Class A 37,839 2,024,386 # Allegiant Travel Co. 9,798 1,266,392 Allegion P.L.C. 10,433 847,577 Allied Motion Technologies, Inc. 17,836 527,767 # Allison Transmission Holdings, Inc. 45,555 1,721,979 Altra Industrial Motion Corp. 46,258 2,060,794 AMERCO 13,557 5,267,708 * Ameresco, Inc. Class A 16,686 109,293 # American Airlines Group, Inc. 40,944 2,065,215 American Railcar Industries, Inc. 23,316 857,329 * American Superconductor Corp. 1,238 3,949 * American Woodmark Corp. 20,108 1,973,600 # AMETEK, Inc. 24,074 1,482,477 * AMREP Corp. 6,528 44,913 # AO Smith Corp. 22,300 1,194,165 # Apogee Enterprises, Inc. 37,237 1,939,675 Applied Industrial Technologies, Inc. 47,388 2,677,422 * ARC Document Solutions, Inc. 72,114 249,514 ArcBest Corp. 28,900 803,420 # Arconic, Inc. 201,662 4,999,201 Argan, Inc. 31,902 2,056,084 * Armstrong Flooring, Inc. 28,959 502,728 * Armstrong World Industries, Inc. 23,085 1,120,777 * Arotech Corp. 3,519 12,668 Astec Industries, Inc. 35,090 1,763,974 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Astronics Corp. 20,925 $ 612,056 #* Astronics Corp. Class B 9,428 276,476 * Atlas Air Worldwide Holdings, Inc. 45,578 2,707,333 * Avalon Holdings Corp. Class A 700 1,589 #* Avis Budget Group, Inc. 48,159 1,482,334 #* Axon Enterprise, Inc. 24,218 595,521 AZZ, Inc. 30,111 1,526,628 #* Babcock & Wilcox Enterprises, Inc. 68,941 723,881 Barnes Group, Inc. 82,993 4,994,519 Barrett Business Services, Inc. 5,321 292,815 * Beacon Roofing Supply, Inc. 61,357 2,818,127 * Blue Bird Corp. 642 11,396 * BlueLinx Holdings, Inc. 6,189 64,675 #* BMC Stock Holdings, Inc. 53,406 1,174,932 Brady Corp. Class A 66,251 2,199,533 Briggs & Stratton Corp. 68,544 1,605,300 Brink's Co. (The) 42,906 3,353,104 * Broadwind Energy, Inc. 70 309 #* Builders FirstSource, Inc. 77,579 1,215,663 BWX Technologies, Inc. 32,390 1,706,305 * CAI International, Inc. 25,760 675,685 Carlisle Cos., Inc. 13,971 1,363,430 * Casella Waste Systems, Inc. Class A 33,003 553,790 Caterpillar, Inc. 44,084 5,023,372 * CBIZ, Inc. 106,926 1,587,851 * CDI Corp. 27,940 230,505 CECO Environmental Corp. 26,465 255,652 # Celadon Group, Inc. 49,176 223,751 # CH Robinson Worldwide, Inc. 3,143 206,181 * Chart Industries, Inc. 69,235 2,353,990 # Chicago Bridge & Iron Co. NV 98,103 1,838,450 Chicago Rivet & Machine Co. 855 31,413 Cintas Corp. 14,003 1,888,305 # CIRCOR International, Inc. 27,352 1,369,241 * Civeo Corp. 83,510 161,174 * Clean Harbors, Inc. 45,652 2,593,034 * Colfax Corp. 145,239 5,995,466 Columbus McKinnon Corp. 30,112 776,890 # Comfort Systems USA, Inc. 54,138 1,802,795 * Command Security Corp. 5,329 16,893 * Commercial Vehicle Group, Inc. 46,434 407,691 CompX International, Inc. 2,522 36,569 * Continental Building Products, Inc. 59,848 1,316,656 * Continental Materials Corp. 73 1,628 Copa Holdings SA Class A 33,122 4,155,486 * Copart, Inc. 55,377 1,743,822 Costamare, Inc. 19,473 125,211 # Covanta Holding Corp. 197,593 2,983,654 * Covenant Transportation Group, Inc. Class A 28,163 528,056 * CPI Aerostructures, Inc. 8,398 79,781 CRA International, Inc. 14,848 576,251 Crane Co. 29,513 2,228,231 * CSW Industrials, Inc. 2,065 80,638 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) CSX Corp. 146,988 $7,252,388 Cubic Corp. 39,858 1,899,234 Cummins, Inc. 12,522 2,102,444 Curtiss-Wright Corp. 43,923 4,235,056 Deere & Co. 24,279 3,114,510 Delta Air Lines, Inc. 110,981 5,478,022 # Deluxe Corp. 23,007 1,661,105 * DigitalGlobe, Inc. 108,277 3,778,867 DMC Global, Inc. 22,503 312,792 # Donaldson Co., Inc. 25,317 1,202,304 Douglas Dynamics, Inc. 55,465 1,763,787 Dover Corp. 31,123 2,614,332 * Ducommun, Inc. 14,374 416,271 Dun & Bradstreet Corp. (The) 5,974 661,680 * DXP Enterprises, Inc. 24,174 691,135 #* Dycom Industries, Inc. 16,219 1,469,441 #* Eagle Bulk Shipping, Inc. 1,785 7,729 Eastern Co. (The) 4,628 134,675 Eaton Corp. P.L.C. 50,820 3,976,665 * Echo Global Logistics, Inc. 41,375 564,769 Ecology and Environment, Inc. Class A 2,769 34,613 EMCOR Group, Inc. 65,775 4,439,812 Emerson Electric Co. 31,243 1,862,395 Encore Wire Corp. 38,921 1,735,877 EnerSys 38,727 2,798,800 * Engility Holdings, Inc. 39,601 1,155,161 Ennis, Inc. 47,008 904,904 EnPro Industries, Inc. 21,572 1,661,475 # EnviroStar, Inc. 1,100 27,885 Equifax, Inc. 11,845 1,722,737 ESCO Technologies, Inc. 40,876 2,522,049 Espey Manufacturing & Electronics Corp. 3,027 68,017 Essendant, Inc. 58,517 730,292 #* Esterline Technologies Corp. 51,547 4,974,285 #* ExOne Co. (The) 16,129 181,774 # Expeditors International of Washington, Inc. 10,482 617,180 Exponent, Inc. 15,782 1,028,986 # Fastenal Co. 11,751 504,823 Federal Signal Corp. 123,573 2,286,100 FedEx Corp. 32,244 6,707,719 # Flowserve Corp. 18,900 777,357 Fluor Corp. 27,604 1,198,842 Fortive Corp. 18,126 1,173,477 Fortune Brands Home & Security, Inc. 26,275 1,725,479 Forward Air Corp. 37,935 1,966,171 * Franklin Covey Co. 24,797 462,464 Franklin Electric Co., Inc. 53,600 2,165,440 FreightCar America, Inc. 24,288 399,295 * FTI Consulting, Inc. 88,006 2,887,477 * Fuel Tech, Inc. 26,879 23,385 # GATX Corp. 53,633 3,316,128 * Gencor Industries, Inc. 8,289 133,038 #* Generac Holdings, Inc. 39,577 1,423,585 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # General Cable Corp. 93,549 $ 1,805,496 General Dynamics Corp. 21,337 4,189,093 General Electric Co. 400,308 10,251,888 #* Genesee & Wyoming, Inc. Class A 83,745 5,456,824 * Gibraltar Industries, Inc. 47,930 1,430,711 Global Brass & Copper Holdings, Inc. 18,700 599,335 * Global Power Equipment Group, Inc. 15,716 50,920 * GMS, Inc. 33,330 1,000,567 * Golden Ocean Group, Ltd. 12,670 91,097 * Goldfield Corp. (The) 32,599 166,255 Gorman-Rupp Co. (The) 52,317 1,581,020 * GP Strategies Corp. 33,575 961,924 # Graco, Inc. 9,274 1,076,155 Graham Corp. 13,470 269,535 # Granite Construction, Inc. 57,580 2,822,572 * Great Lakes Dredge & Dock Corp. 81,796 323,094 # Greenbrier Cos., Inc. (The) 32,885 1,479,825 # Griffon Corp. 69,548 1,425,734 # H&E Equipment Services, Inc. 58,619 1,323,031 Hardinge, Inc. 18,750 226,875 * Harsco Corp. 84,475 1,305,139 #* Hawaiian Holdings, Inc. 69,709 2,885,953 * HC2 Holdings, Inc. 3,645 21,906 * HD Supply Holdings, Inc. 25,751 836,650 # Healthcare Services Group, Inc. 9,321 487,022 # Heartland Express, Inc. 114,100 2,410,933 # HEICO Corp. 11,397 915,977 HEICO Corp. Class A 18,317 1,301,423 Heidrick & Struggles International, Inc. 30,459 551,308 #* Herc Holdings, Inc. 32,319 1,466,636 * Heritage-Crystal Clean, Inc. 5,251 98,719 Herman Miller, Inc. 76,220 2,566,708 #* Hertz Global Holdings, Inc. 54,910 750,620 # Hexcel Corp. 40,114 2,052,633 * Hill International, Inc. 63,099 318,650 Hillenbrand, Inc. 76,224 2,744,064 HNI Corp. 54,424 2,054,506 Honeywell International, Inc. 22,922 3,120,143 Houston Wire & Cable Co. 25,592 147,154 * Hub Group, Inc. Class A 56,510 1,924,165 Hubbell, Inc. 10,230 1,215,222 Hudson Global, Inc. 34,265 45,915 #* Hudson Technologies, Inc. 29,828 241,309 Huntington Ingalls Industries, Inc. 12,830 2,644,391 Hurco Cos., Inc. 12,670 417,477 * Huron Consulting Group, Inc. 26,943 956,477 Hyster-Yale Materials Handling, Inc. 15,248 1,080,473 * ICF International, Inc. 32,049 1,450,217 # IDEX Corp. 11,576 1,349,067 #* IES Holdings, Inc. 21,406 363,902 Illinois Tool Works, Inc. 13,917 1,958,261 Ingersoll-Rand P.L.C. 20,633 1,813,228 * InnerWorkings, Inc. 135,322 1,595,446 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Innovative Solutions & Support, Inc. 16,826 $ 67,472 Insperity, Inc. 24,711 1,865,681 Insteel Industries, Inc. 41,572 1,094,175 # Interface, Inc. 66,241 1,255,267 * Intersections, Inc. 18,573 81,535 ITT, Inc. 71,859 2,946,219 Jacobs Engineering Group, Inc. 61,544 3,244,600 JB Hunt Transport Services, Inc. 10,031 909,912 * JetBlue Airways Corp. 351,450 7,707,298 # John Bean Technologies Corp. 11,047 1,020,743 Johnson Controls International P.L.C. 59,376 2,312,695 Kadant, Inc. 7,647 596,848 Kaman Corp. 39,285 2,008,249 Kansas City Southern 35,899 3,704,418 KAR Auction Services, Inc. 58,265 2,449,461 # KBR, Inc. 206,573 3,082,069 Kelly Services, Inc. Class A 57,396 1,278,209 Kelly Services, Inc. Class B 700 15,806 Kennametal, Inc. 87,347 3,223,104 * Key Technology, Inc. 5,258 75,189 #* KEYW Holding Corp. (The) 5,649 49,881 Kforce, Inc. 45,774 855,974 Kimball International, Inc. Class B 80,142 1,335,967 #* Kirby Corp. 83,653 5,094,468 #* KLX, Inc. 73,473 3,814,718 # Knight Transportation, Inc. 87,809 3,130,391 Knoll, Inc. 56,149 1,087,045 Korn/Ferry International 76,560 2,560,932 #* Kratos Defense & Security Solutions, Inc. 104,326 1,148,108 L3 Technologies, Inc. 16,970 2,969,241 Landstar System, Inc. 14,702 1,222,471 * Lawson Products, Inc. 9,245 213,097 * Layne Christensen Co. 25,619 271,305 LB Foster Co. Class A 15,474 272,342 # Lennox International, Inc. 7,521 1,286,091 Lincoln Electric Holdings, Inc. 20,483 1,787,347 Lindsay Corp. 6,903 632,798 LS Starrett Co. (The) Class A 8,044 64,352 LSC Communications, Inc. 15,260 326,259 LSI Industries, Inc. 39,855 333,586 * Lydall, Inc. 23,998 1,187,901 Macquarie Infrastructure Corp. 17,551 1,330,541 * Manitex International, Inc. 3,300 23,331 #* Manitowoc Co., Inc. (The) 205,654 1,174,284 ManpowerGroup, Inc. 23,465 2,514,275 Marten Transport, Ltd. 64,483 1,028,504 Masco Corp. 51,434 1,961,178 * Masonite International Corp. 21,680 1,683,452 * MasTec, Inc. 137,069 6,332,588 * Mastech Digital, Inc. 991 9,355 Matson, Inc. 57,986 1,635,205 Matthews International Corp. Class A 40,409 2,648,810 McGrath RentCorp 36,501 1,296,881 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) #* Mercury Systems, Inc. 50,287 $2,208,102 #* Meritor, Inc. 45,740 790,387 #* Middleby Corp. (The) 8,567 1,119,536 #* Milacron Holdings Corp. 59,693 1,073,280 Miller Industries, Inc. 15,566 406,273 * Mistras Group, Inc. 35,704 719,436 Mobile Mini, Inc. 86,438 2,662,290 * Moog, Inc. Class A 45,870 3,409,058 * Moog, Inc. Class B 2,977 224,228 * MRC Global, Inc. 182,903 2,988,635 MSA Safety, Inc. 16,303 1,306,848 MSC Industrial Direct Co., Inc. Class A 24,221 1,724,777 Mueller Industries, Inc. 73,481 2,314,651 Mueller Water Products, Inc. Class A 254,628 2,953,685 Multi-Color Corp. 20,797 1,674,159 * MYR Group, Inc. 38,589 1,227,516 # National Presto Industries, Inc. 7,418 838,976 * Navigant Consulting, Inc. 85,820 1,452,933 #* Navistar International Corp. 21,536 662,663 * NCI Building Systems, Inc. 56,967 1,025,406 #* Neff Corp. Class A 1,235 25,935 Nielsen Holdings P.L.C. 25,907 1,114,260 * NL Industries, Inc. 52,200 407,160 NN, Inc. 53,968 1,494,914 # Nordson Corp. 12,448 1,580,896 Norfolk Southern Corp. 47,384 5,334,491 Northrop Grumman Corp. 13,622 3,584,357 * Northwest Pipe Co. 15,189 229,506 * NOW, Inc. 157,285 2,505,550 #* NV5 Global, Inc. 8,416 349,685 Old Dominion Freight Line, Inc. 26,222 2,514,952 # Omega Flex, Inc. 4,638 278,466 * On Assignment, Inc. 73,958 3,642,431 Orbital ATK, Inc. 42,972 4,390,879 #* Orion Energy Systems, Inc. 23,165 26,871 * Orion Group Holdings, Inc. 27,445 192,664 Oshkosh Corp. 77,171 5,313,995 Owens Corning 129,690 8,695,714 PACCAR, Inc. 35,291 2,415,669 * PAM Transportation Services, Inc. 6,580 115,347 Park-Ohio Holdings Corp. 23,782 945,335 Parker-Hannifin Corp. 11,561 1,918,895 * Patrick Industries, Inc. 25,796 1,963,076 * Patriot Transportation Holding, Inc. 2,586 51,733 * Pendrell Corp. 4,568 31,885 # Pentair P.L.C. 32,591 2,055,514 * Performant Financial Corp. 54,745 109,490 * Perma-Fix Environmental Services 2,877 10,501 * Perma-Pipe International Holdings, Inc. 5,730 45,267 * PGT Innovations, Inc. 85,330 1,109,290 # Pitney Bowes, Inc. 29,803 469,099 * Ply Gem Holdings, Inc. 22,264 389,620 Powell Industries, Inc. 17,079 543,966 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Power Solutions International, Inc. 2,041 $ 20,410 Preformed Line Products Co. 6,010 292,807 Primoris Services Corp. 61,320 1,528,094 #* Proto Labs, Inc. 15,138 1,118,698 Quad/Graphics, Inc. 59,343 1,332,844 Quanex Building Products Corp. 66,311 1,425,687 * Quanta Services, Inc. 204,297 6,890,938 * Radiant Logistics, Inc. 42,979 186,099 Raven Industries, Inc. 46,445 1,597,708 Raytheon Co. 17,714 3,042,734 * RBC Bearings, Inc. 26,615 2,750,394 * RCM Technologies, Inc. 12,068 64,202 Regal Beloit Corp. 57,685 4,808,045 Republic Services, Inc. 42,370 2,721,001 Resources Connection, Inc. 62,952 840,409 #* Rexnord Corp. 138,974 3,218,638 * Roadrunner Transportation Systems, Inc. 44,928 313,597 Robert Half International, Inc. 24,849 1,124,417 Rockwell Automation, Inc. 12,800 2,112,384 Rockwell Collins, Inc. 22,351 2,381,052 # Rollins, Inc. 25,198 1,093,845 # Roper Technologies, Inc. 5,710 1,327,347 * RPX Corp. 85,253 1,165,409 # RR Donnelley & Sons Co. 24,422 301,856 * Rush Enterprises, Inc. Class A 51,485 2,220,548 * Rush Enterprises, Inc. Class B 7,606 309,412 Ryder System, Inc. 102,961 7,491,442 * Saia, Inc. 40,845 2,219,926 #* Sensata Technologies Holding NV 7,532 339,844 Servotronics, Inc. 1,499 14,224 * SIFCO Industries, Inc. 4,888 32,750 Simpson Manufacturing Co., Inc. 60,232 2,667,675 SkyWest, Inc. 79,180 2,890,070 # Snap-on, Inc. 11,787 1,817,555 Southwest Airlines Co. 74,513 4,136,217 * SP Plus Corp. 27,373 895,097 * Sparton Corp. 13,779 317,744 Spartan Motors, Inc. 48,295 427,411 Spirit Aerosystems Holdings, Inc. Class A 24,712 1,493,346 * Spirit Airlines, Inc. 62,663 2,434,458 * SPX Corp. 32,364 890,657 * SPX FLOW, Inc. 64,004 2,269,582 Standex International Corp. 15,734 1,509,677 Stanley Black & Decker, Inc. 18,154 2,554,086 Steelcase, Inc. Class A 115,898 1,582,008 #* Stericycle, Inc. 12,740 981,999 * Sterling Construction Co., Inc. 29,596 378,237 Sun Hydraulics Corp. 19,343 800,026 Supreme Industries, Inc. Class A 26,231 394,514 #* Swift Transportation Co. 43,091 1,098,821 #* Team, Inc. 40,026 574,373 * Teledyne Technologies, Inc. 26,146 3,564,746 Tennant Co. 15,148 1,144,431 Terex Corp. 125,842 4,954,400 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) Tetra Tech, Inc. 66,343 $3,147,975 Textainer Group Holdings, Ltd. 51,126 828,241 Textron, Inc. 61,097 3,001,696 * Thermon Group Holdings, Inc. 34,156 610,368 Timken Co. (The) 60,233 2,740,601 Titan International, Inc. 89,054 1,135,439 * Titan Machinery, Inc. 23,132 412,906 Toro Co. (The) 15,600 1,109,004 # TransDigm Group, Inc. 4,939 1,393,489 * TransUnion 12,705 582,270 #* Trex Co., Inc. 14,075 1,058,581 * TriMas Corp. 51,128 1,244,967 * TriNet Group, Inc. 23,797 832,895 Trinity Industries, Inc. 252,771 6,928,453 Triton International, Ltd. 109,673 3,954,808 # Triumph Group, Inc. 99,074 2,536,294 * TrueBlue, Inc. 53,307 1,361,994 * Tutor Perini Corp. 86,740 2,307,284 * Twin Disc, Inc. 17,482 295,795 * Ultralife Corp. 19,727 136,116 UniFirst Corp. 18,986 2,700,758 Union Pacific Corp. 77,833 8,013,686 * United Continental Holdings, Inc. 45,529 3,081,403 * United Rentals, Inc. 36,007 4,283,393 United Technologies Corp. 61,996 7,350,866 * Univar, Inc. 25,599 794,593 Universal Forest Products, Inc. 27,032 2,266,633 # Universal Logistics Holdings, Inc. 20,821 302,946 # US Ecology, Inc. 21,849 1,133,963 * USA Truck, Inc. 16,095 149,040 #* USG Corp. 108,110 2,923,294 Valmont Industries, Inc. 14,787 2,257,975 * Vectrus, Inc. 10,924 371,525 #* Verisk Analytics, Inc. 12,650 1,103,839 * Veritiv Corp. 7,805 289,956 * Versar, Inc. 7,645 8,945 Viad Corp. 35,424 1,896,955 * Vicor Corp. 23,646 419,717 * Virco Manufacturing Corp. 21,636 117,916 * Volt Information Sciences, Inc. 24,400 89,060 VSE Corp. 18,642 966,588 # Wabash National Corp. 124,906 2,383,206 * WABCO Holdings, Inc. 8,765 1,205,801 # Wabtec Corp. 11,888 895,880 Waste Management, Inc. 23,011 1,729,277 # Watsco, Inc. 11,275 1,699,932 Watsco, Inc. Class B 1,205 183,467 Watts Water Technologies, Inc. Class A 35,564 2,290,322 #* Welbilt, Inc. 28,056 546,811 # Werner Enterprises, Inc. 139,074 4,123,544 #* Wesco Aircraft Holdings, Inc. 172,868 1,875,618 * WESCO International, Inc. 74,427 3,814,384 West Corp. 30,829 720,474 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) #* Willdan Group, Inc. 11,989 $ 402,950 * Willis Lease Finance Corp. 8,183 206,866 Woodward, Inc. 39,920 2,792,005 # WW Grainger, Inc. 7,963 1,327,751 * Xerium Technologies, Inc. 6,868 49,930 #* XPO Logistics, Inc. 180,486 10,849,013 # Xylem, Inc. 31,203 1,770,146 #* YRC Worldwide, Inc. 20,417 271,342 ------------ Total Industrials 716,334,898 ------------ Information Technology -- (13.9%) #* 3D Systems Corp. 11,613 195,098 #* ACI Worldwide, Inc. 111,463 2,582,598 Activision Blizzard, Inc. 35,492 2,192,696 * Actua Corp. 85,165 1,149,727 * Acxiom Corp. 86,927 2,344,421 * ADDvantage Technologies Group, Inc. 7,160 10,883 ADTRAN, Inc. 73,783 1,730,211 * Advanced Energy Industries, Inc. 31,633 2,294,974 #* Advanced Micro Devices, Inc. 98,570 1,341,538 * Agilysys, Inc. 36,408 366,264 * Akamai Technologies, Inc. 16,501 777,857 Alliance Data Systems Corp. 6,894 1,664,418 * Alpha & Omega Semiconductor, Ltd. 45,919 812,766 * Alphabet, Inc. Class A 10,302 9,740,541 * Alphabet, Inc. Class C 10,827 10,074,523 Amdocs, Ltd. 14,311 961,270 American Software, Inc. Class A 27,809 269,747 * Amkor Technology, Inc. 356,924 3,701,302 Amphenol Corp. Class A 24,270 1,859,567 * Amtech Systems, Inc. 10,390 91,744 Analog Devices, Inc. 17,100 1,351,071 #* Angie's List, Inc. 15,392 184,396 * Anixter International, Inc. 46,514 3,662,977 * ANSYS, Inc. 7,175 929,521 Apple, Inc. 329,973 49,076,884 Applied Materials, Inc. 70,077 3,105,112 #* Applied Optoelectronics, Inc. 3,292 320,937 #* Arista Networks, Inc. 8,033 1,199,247 * ARRIS International P.L.C. 197,041 5,509,266 * Arrow Electronics, Inc. 78,718 6,398,986 * Aspen Technology, Inc. 13,964 794,133 AstroNova, Inc. 7,311 100,892 * Autobytel, Inc. 2,224 24,486 * Autodesk, Inc. 10,099 1,118,868 * Aviat Networks, Inc. 4,491 84,476 #* Avid Technology, Inc. 30,790 158,569 Avnet, Inc. 83,702 3,212,483 AVX Corp. 157,461 2,813,828 * Aware, Inc. 18,447 84,856 * Axcelis Technologies, Inc. 48,661 1,080,274 * AXT, Inc. 67,692 592,305 # Badger Meter, Inc. 34,968 1,582,302 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Bankrate, Inc. 79,418 $ 1,103,910 * Barracuda Networks, Inc. 17,504 393,315 * Bazaarvoice, Inc. 11,728 55,122 Bel Fuse, Inc. Class A 3,300 71,610 Bel Fuse, Inc. Class B 16,034 404,859 # Belden, Inc. 39,926 2,872,276 * Benchmark Electronics, Inc. 89,328 3,005,887 Black Box Corp. 33,815 267,139 #* Black Knight Financial Services, Inc. Class A 2,968 126,140 # Blackbaud, Inc. 12,179 1,124,609 * Blackhawk Network Holdings, Inc. 63,361 2,765,708 * Blucora, Inc. 51,074 1,144,058 Booz Allen Hamilton Holding Corp. 20,056 687,921 * Bottomline Technologies de, Inc. 22,107 629,607 Broadcom, Ltd. 12,770 3,149,848 Broadridge Financial Solutions, Inc. 21,325 1,617,714 #* BroadVision, Inc. 4,752 19,721 Brocade Communications Systems, Inc. 545,227 6,886,217 Brooks Automation, Inc. 118,006 2,898,227 * BSQUARE Corp. 22,217 126,637 CA, Inc. 65,881 2,044,946 Cabot Microelectronics Corp. 29,828 2,211,746 * CACI International, Inc. Class A 38,415 4,805,716 * Cadence Design Systems, Inc. 32,200 1,188,180 #* CalAmp Corp. 33,302 636,068 * Calix, Inc. 97,323 666,663 #* Carbonite, Inc. 21,029 496,284 #* Cardtronics P.L.C. Class A 56,407 1,765,539 #* Cars.com, Inc. 92,271 2,242,185 Cass Information Systems, Inc. 13,473 888,679 #* Cavium, Inc. 15,050 932,197 CDW Corp. 27,749 1,760,119 * Ceva, Inc. 27,653 1,278,951 #* Ciena Corp. 48,577 1,250,858 #* Cimpress NV 8,368 738,392 * Cirrus Logic, Inc. 37,516 2,304,983 Cisco Systems, Inc. 479,871 15,091,943 * Citrix Systems, Inc. 10,116 798,962 * Clearfield, Inc. 8,316 95,634 Cognex Corp. 17,854 1,697,201 Cognizant Technology Solutions Corp. Class A 17,852 1,237,501 * Coherent, Inc. 27,128 7,188,920 Cohu, Inc. 45,191 823,380 * CommerceHub, Inc. Series A 6,504 118,633 * CommerceHub, Inc. Series C 13,008 233,884 * CommScope Holding Co., Inc. 40,238 1,479,954 Communications Systems, Inc. 13,122 56,425 Computer Task Group, Inc. 19,188 105,918 Comtech Telecommunications Corp. 30,405 547,290 Concurrent Computer Corp. 7,430 50,078 * Conduent, Inc. 211,329 3,489,042 * Control4 Corp. 16,902 386,211 Convergys Corp. 127,586 3,058,236 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * CoreLogic, Inc. 52,015 $2,369,283 Corning, Inc. 139,894 4,076,511 #* CoStar Group, Inc. 2,195 604,832 * Cray, Inc. 47,323 974,854 #* Cree, Inc. 138,508 3,588,742 CSG Systems International, Inc. 39,868 1,648,542 CSP, Inc. 2,269 23,280 CSRA, Inc. 28,653 934,374 CTS Corp. 64,349 1,415,678 #* CyberOptics Corp. 7,973 131,555 # Cypress Semiconductor Corp. 400,940 5,693,348 Daktronics, Inc. 67,621 661,333 * Dell Technologies, Inc. Class V 15,562 1,000,170 * Determine, Inc. 628 1,300 * DHI Group, Inc. 88,204 194,049 # Diebold Nixdorf, Inc. 48,956 1,145,570 * Digi International, Inc. 40,420 422,389 * Diodes, Inc. 56,874 1,508,867 Dolby Laboratories, Inc. Class A 41,609 2,153,266 * DSP Group, Inc. 32,163 405,254 DST Systems, Inc. 43,188 2,371,021 DXC Technology Co. 83,906 6,576,552 * Eastman Kodak Co. 3,721 35,350 * eBay, Inc. 38,237 1,366,208 # Ebix, Inc. 29,521 1,704,838 * EchoStar Corp. Class A 62,434 3,791,617 * Edgewater Technology, Inc. 8,479 60,116 * Electro Scientific Industries, Inc. 58,356 504,779 * Electronic Arts, Inc. 19,023 2,220,745 * Electronics for Imaging, Inc. 52,912 2,570,465 #* Ellie Mae, Inc. 2,429 211,857 #* eMagin Corp. 7,098 18,455 Emcore Corp. 38,308 444,373 * EnerNOC, Inc. 46,034 352,160 * Entegris, Inc. 167,301 4,366,556 #* Envestnet, Inc. 6,540 255,387 * EPAM Systems, Inc. 9,710 834,380 * ePlus, Inc. 20,249 1,638,144 #* Euronet Worldwide, Inc. 17,291 1,670,484 * Everi Holdings, Inc. 117,052 873,208 * ExlService Holdings, Inc. 27,999 1,611,342 * Extreme Networks, Inc. 75,754 665,878 * F5 Networks, Inc. 5,100 615,825 #* Fabrinet 55,330 2,490,403 # Fair Isaac Corp. 7,907 1,127,143 * FARO Technologies, Inc. 23,165 915,017 Fidelity National Information Services, Inc. 23,092 2,106,452 * Finisar Corp. 117,887 3,208,884 #* FireEye, Inc. 10,918 159,730 #* First Solar, Inc. 147,899 7,292,900 * Fiserv, Inc. 19,611 2,520,013 #* Fitbit, Inc. Class A 62,151 320,699 #* FleetCor Technologies, Inc. 8,593 1,306,652 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Flex, Ltd. 137,641 $ 2,200,880 FLIR Systems, Inc. 102,158 3,812,537 * FormFactor, Inc. 132,869 1,740,584 Forrester Research, Inc. 15,466 631,013 #* Fortinet, Inc. 7,132 263,242 * Frequency Electronics, Inc. 8,185 70,391 * Gartner, Inc. 12,003 1,540,225 # Genpact, Ltd. 66,831 1,938,099 Global Payments, Inc. 25,108 2,369,442 GlobalSCAPE, Inc. 2,198 11,210 #* Globant SA 2,249 103,387 #* Glu Mobile, Inc. 30,123 82,236 #* GrubHub, Inc. 23,401 1,079,488 * GSE Systems, Inc. 26,843 75,160 #* GSI Technology, Inc. 17,271 125,387 #* GTT Communications, Inc. 42,732 1,305,463 #* Guidewire Software, Inc. 5,703 411,528 Hackett Group, Inc. (The) 46,964 771,149 #* Harmonic, Inc. 180,054 738,221 Harris Corp. 20,282 2,321,681 Hewlett Packard Enterprise Co. 393,741 6,894,405 HP, Inc. 122,449 2,338,776 * IAC/InterActiveCorp 42,829 4,481,198 * ID Systems, Inc. 8,720 59,558 * Identiv, Inc. 4,181 21,365 * IEC Electronics Corp. 7,468 29,349 * II-VI, Inc. 77,645 2,958,274 #* Immersion Corp. 18,248 155,838 #* Infinera Corp. 142,969 1,677,026 * Innodata, Inc. 21,458 36,479 #* Inseego Corp. 39,494 46,603 * Insight Enterprises, Inc. 64,391 2,609,123 #* Integrated Device Technology, Inc. 42,895 1,121,275 Intel Corp. 578,019 20,502,334 InterDigital, Inc. 31,213 2,273,867 #* Internap Corp. 84,980 322,924 * inTEST Corp. 2,202 19,157 * Intevac, Inc. 29,956 340,001 * IntriCon Corp. 6,777 50,828 Intuit, Inc. 5,892 808,441 * Inuvo, Inc. 15,612 16,827 * IPG Photonics Corp. 17,327 2,644,793 #* Iteris, Inc. 13,000 81,770 * Itron, Inc. 33,361 2,435,353 IXYS Corp. 58,022 1,009,583 # j2 Global, Inc. 25,355 2,145,794 Jabil, Inc. 302,067 9,213,043 # Jack Henry & Associates, Inc. 14,949 1,604,327 Juniper Networks, Inc. 86,347 2,413,399 * Kemet Corp. 61,021 1,028,204 * Key Tronic Corp. 11,045 80,297 * Keysight Technologies, Inc. 43,302 1,800,930 * Kimball Electronics, Inc. 29,728 578,210 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) KLA-Tencor Corp. 17,987 $ 1,666,136 * Knowles Corp. 92,693 1,404,299 #* Kopin Corp. 98,852 375,638 * Kulicke & Soffa Industries, Inc. 127,139 2,738,574 * KVH Industries, Inc. 24,237 264,183 # Lam Research Corp. 27,049 4,313,234 #* Lattice Semiconductor Corp. 169,515 1,179,824 * Leaf Group, Ltd. 40,535 306,039 Leidos Holdings, Inc. 19,844 1,060,463 * LGL Group, Inc. (The) 1,300 5,941 * Limelight Networks, Inc. 155,414 531,516 * Liquidity Services, Inc. 22,536 153,245 # Littelfuse, Inc. 9,398 1,693,332 # LogMeIn, Inc. 56,703 6,603,064 #* Lumentum Holdings, Inc. 25,010 1,565,626 #* Luxoft Holding, Inc. 10,003 629,689 #* MACOM Technology Solutions Holdings, Inc. 11,776 713,037 #* MagnaChip Semiconductor Corp. 17,121 186,619 #* Manhattan Associates, Inc. 20,679 914,012 ManTech International Corp. Class A 46,788 1,858,419 * Marchex, Inc. Class B 34,649 100,482 * Marin Software, Inc. 2,100 2,520 Marvell Technology Group, Ltd. 279,927 4,355,664 Maxim Integrated Products, Inc. 18,551 842,957 MAXIMUS, Inc. 23,622 1,425,824 #* MaxLinear, Inc. 30,602 801,772 #* Maxwell Technologies, Inc. 40,563 237,294 #* Meet Group, Inc.(The) 65,371 328,162 # Mesa Laboratories, Inc. 4,234 611,940 Methode Electronics, Inc. 53,978 2,145,625 # Microchip Technology, Inc. 21,537 1,723,821 * Micron Technology, Inc. 650,355 18,287,983 * Microsemi Corp. 67,836 3,532,899 Microsoft Corp. 278,222 20,226,739 * MicroStrategy, Inc. Class A 7,998 1,075,811 MKS Instruments, Inc. 79,909 6,684,388 #* ModusLink Global Solutions, Inc. 90,589 152,190 * MoneyGram International, Inc. 28,228 460,681 # Monolithic Power Systems, Inc. 6,826 698,436 Monotype Imaging Holdings, Inc. 39,127 737,544 Motorola Solutions, Inc. 14,175 1,285,389 # MTS Systems Corp. 15,386 810,842 * Nanometrics, Inc. 39,517 1,053,128 * Napco Security Technologies, Inc. 18,220 166,713 # National Instruments Corp. 35,566 1,463,185 * NCI, Inc. Class A 11,895 237,305 #* NCR Corp. 50,264 1,902,492 #* NeoPhotonics Corp. 61,789 498,637 NetApp, Inc. 35,822 1,555,391 * NETGEAR, Inc. 55,174 2,642,835 #* Netscout Systems, Inc. 59,879 2,065,825 #* NeuStar, Inc. Class A 7,693 256,946 # NIC, Inc. 27,990 454,837 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Novanta, Inc. 42,869 $1,581,866 * Nuance Communications, Inc. 181,990 3,148,427 #* Numerex Corp. Class A 5,996 28,391 NVE Corp. 3,647 287,675 NVIDIA Corp. 47,746 7,759,202 #* Oclaro, Inc. 110,869 1,084,299 * ON Semiconductor Corp. 244,739 3,658,848 #* Onvia, Inc. 700 3,150 * Optical Cable Corp. 6,626 14,909 Oracle Corp. 141,867 7,083,419 #* OSI Systems, Inc. 25,683 2,053,870 * PAR Technology Corp. 12,088 108,308 Park Electrochemical Corp. 31,762 596,808 #* Paycom Software, Inc. 15,395 1,079,036 * PayPal Holdings, Inc. 38,237 2,238,776 PC Connection, Inc. 38,027 981,097 PC-Tel, Inc. 23,419 166,509 * PCM, Inc. 19,029 235,484 #* PDF Solutions, Inc. 39,331 631,263 Pegasystems, Inc. 27,772 1,678,817 * Perceptron, Inc. 16,338 118,614 * Perficient, Inc. 44,480 836,224 * PFSweb, Inc. 20,833 162,914 * Photronics, Inc. 115,349 1,159,257 #* Planet Payment, Inc. 42,186 136,683 Plantronics, Inc. 28,633 1,293,639 * Plexus Corp. 54,105 2,900,569 Power Integrations, Inc. 19,563 1,382,126 * PRGX Global, Inc. 28,843 180,269 Progress Software Corp. 53,908 1,725,595 #* PTC, Inc. 9,062 500,132 QAD, Inc. Class A 13,691 429,213 QAD, Inc. Class B 2,342 60,751 #* Qorvo, Inc. 61,152 4,192,581 QUALCOMM, Inc. 140,266 7,460,749 #* Qualstar Corp. 1,082 7,964 #* Qualys, Inc. 9,699 389,415 * QuinStreet, Inc. 35,557 138,317 * Qumu Corp. 10,312 26,708 * Radisys Corp. 58,318 142,296 * Rambus, Inc. 105,337 1,357,794 * RealNetworks, Inc. 74,977 326,150 * Red Hat, Inc. 6,300 622,881 Reis, Inc. 15,779 337,671 Relm Wireless Corp. 7,900 28,045 RF Industries, Ltd. 7,730 14,301 Richardson Electronics, Ltd. 15,984 93,666 * Rogers Corp. 25,042 2,954,205 #* Rosetta Stone, Inc. 23,564 244,123 * Rubicon Project, Inc. (The) 8,318 39,095 * Rudolph Technologies, Inc. 64,620 1,599,345 * Sanmina Corp. 136,798 4,904,208 * ScanSource, Inc. 43,355 1,716,858 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) Science Applications International Corp. 19,342 $1,361,870 * Seachange International, Inc. 76,626 217,618 # Seagate Technology P.L.C. 26,898 886,558 * Semtech Corp. 54,840 2,171,664 #* ServiceSource International, Inc. 3,531 13,418 #* Sevcon, Inc. 1,971 43,066 * ShoreTel, Inc. 95,357 710,410 #* Shutterstock, Inc. 6,356 267,842 * Sigma Designs, Inc. 73,217 475,910 * Silicon Laboratories, Inc. 19,396 1,456,640 #* Silver Spring Networks, Inc. 17,890 202,336 # Skyworks Solutions, Inc. 22,122 2,319,934 * SMTC Corp. 4,872 5,944 * Sonus Networks, Inc. 103,536 707,151 # SS&C Technologies Holdings, Inc. 30,610 1,186,444 #* Stamps.com, Inc. 10,655 1,578,005 * StarTek, Inc. 18,466 227,132 * Stratasys, Ltd. 66,729 1,600,829 #* SunPower Corp. 79,558 886,276 * Super Micro Computer, Inc. 55,812 1,498,552 * Sykes Enterprises, Inc. 72,205 2,454,970 Symantec Corp. 52,425 1,624,651 #* Synaptics, Inc. 37,974 1,997,812 #* Synchronoss Technologies, Inc. 51,098 862,534 SYNNEX Corp. 48,557 5,774,398 * Synopsys, Inc. 19,173 1,468,077 # Syntel, Inc. 26,797 522,274 Systemax, Inc. 34,554 626,118 #* Tableau Software, Inc. Class A 1,500 96,675 #* Take-Two Interactive Software, Inc. 24,422 1,941,061 TE Connectivity, Ltd. 30,720 2,469,581 #* Tech Data Corp. 72,887 7,463,629 * TechTarget, Inc. 17,200 164,948 * Telenav, Inc. 66,317 497,377 TeleTech Holdings, Inc. 43,097 1,801,455 #* Teradata Corp. 54,231 1,725,630 Teradyne, Inc. 120,640 4,172,938 Tessco Technologies, Inc. 12,033 160,641 TiVo Corp. 186,876 3,662,770 Total System Services, Inc. 29,867 1,895,360 TransAct Technologies, Inc. 10,316 91,297 Travelport Worldwide, Ltd. 46,802 669,269 * Travelzoo 15,049 158,015 #* Tremor Video, Inc. 13,198 27,584 #* Trimble, Inc. 37,884 1,417,998 * Trio-Tech International 2,616 12,269 #* TrueCar, Inc. 13,837 261,934 TSR, Inc. 722 3,069 * TTM Technologies, Inc. 163,755 2,846,062 #* Tyler Technologies, Inc. 3,568 613,018 #* Ubiquiti Networks, Inc. 13,662 744,579 #* Ultimate Software Group, Inc. (The) 1,400 315,994 * Ultra Clean Holdings, Inc. 41,777 979,671 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) #* Unisys Corp. 16,020 $ 205,056 # Universal Display Corp. 10,171 1,226,623 * Universal Security Instruments, Inc. 1,213 2,911 * Vantiv, Inc. Class A 19,002 1,207,577 * VASCO Data Security International, Inc. 8,479 114,467 * Veeco Instruments, Inc. 103,434 3,185,767 #* VeriFone Systems, Inc. 142,395 2,778,126 * Verint Systems, Inc. 57,790 2,291,373 #* VeriSign, Inc. 7,900 799,243 Versum Materials, Inc. 9,541 336,416 #* ViaSat, Inc. 35,941 2,375,341 * Viavi Solutions, Inc. 193,221 2,119,634 * Virtusa Corp. 38,233 1,267,424 # Visa, Inc. Class A 116,012 11,550,155 # Vishay Intertechnology, Inc. 205,726 3,672,209 * Vishay Precision Group, Inc. 19,686 344,505 Wayside Technology Group, Inc. 4,672 80,358 * Web.com Group, Inc. 66,225 1,453,639 #* WebMD Health Corp. 41,421 2,744,141 Western Digital Corp. 113,626 9,671,845 # Western Union Co. (The) 46,124 910,949 #* WEX, Inc. 28,933 3,144,438 * Xcerra Corp. 65,493 635,937 Xerox Corp. 174,772 5,360,257 # Xilinx, Inc. 22,883 1,447,579 * XO Group, Inc. 36,454 666,379 Xperi Corp. 58,211 1,702,672 #* Yelp, Inc. 14,200 461,926 YuMe, Inc. 961 4,171 #* Zebra Technologies Corp. Class A 16,779 1,706,760 * Zedge, Inc. Class B 12,737 26,366 * Zillow Group, Inc. Class A 7,253 329,504 #* Zillow Group, Inc. Class C 49,717 2,245,220 * Zix Corp. 45,198 240,905 * Zynga, Inc. Class A 1,111,619 4,012,945 ------------ Total Information Technology 713,676,495 ------------ Materials -- (4.7%) A Schulman, Inc. 40,741 1,071,488 #* AdvanSix, Inc. 21,649 724,808 Air Products & Chemicals, Inc. 7,652 1,087,732 #* AK Steel Holding Corp. 145,983 826,264 # Albemarle Corp. 43,897 5,083,273 Alcoa Corp. 84,722 3,083,881 # Allegheny Technologies, Inc. 103,883 1,967,544 * American Biltrite, Inc. 22 7,303 American Vanguard Corp. 53,986 955,552 Ampco-Pittsburgh Corp. 13,177 190,408 # AptarGroup, Inc. 27,809 2,250,582 Ashland Global Holdings, Inc. 60,236 3,913,533 Avery Dennison Corp. 20,760 1,929,227 * Axalta Coating Systems, Ltd. 21,782 686,133 # Balchem Corp. 26,488 2,055,469 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) # Ball Corp. 25,400 $1,064,260 Bemis Co., Inc. 73,038 3,094,620 * Berry Global Group, Inc. 24,019 1,346,985 * Boise Cascade Co. 47,832 1,451,701 Cabot Corp. 51,207 2,782,076 Calgon Carbon Corp. 68,024 1,088,384 # Carpenter Technology Corp. 78,289 3,165,224 Celanese Corp. Series A 20,921 2,011,973 #* Century Aluminum Co. 132,025 2,215,379 # CF Industries Holdings, Inc. 63,952 1,876,991 Chase Corp. 11,235 1,213,942 Chemours Co. (The) 13,148 625,976 * Clearwater Paper Corp. 25,806 1,268,365 #* Cliffs Natural Resources, Inc. 125,505 968,899 * Coeur Mining, Inc. 138,809 1,149,338 Commercial Metals Co. 200,353 3,726,566 # Compass Minerals International, Inc. 39,521 2,728,925 * Contango ORE, Inc. 1,008 18,648 * Core Molding Technologies, Inc. 11,901 226,952 * Crown Holdings, Inc. 6,500 386,555 # Deltic Timber Corp. 7,152 515,874 Domtar Corp. 109,389 4,272,734 Dow Chemical Co. (The) 77,065 4,950,656 Eagle Materials, Inc. 26,397 2,483,958 Eastman Chemical Co. 32,930 2,738,459 Ecolab, Inc. 9,795 1,289,708 EI du Pont de Nemours & Co. 24,100 1,981,261 * Ferro Corp. 83,574 1,607,964 Ferroglobe P.L.C. 117,919 1,507,005 #* Flotek Industries, Inc. 21,014 176,938 # FMC Corp. 23,050 1,760,559 * Freeport-McMoRan, Inc. 285,516 4,174,244 Friedman Industries, Inc. 10,403 56,384 FutureFuel Corp. 60,794 885,161 * GCP Applied Technologies, Inc. 83,770 2,538,231 # Gold Resource Corp. 31,186 132,229 Graphic Packaging Holding Co. 267,454 3,527,718 Greif, Inc. Class A 36,856 2,067,253 Greif, Inc. Class B 8,768 525,203 #* Handy & Harman, Ltd. 3,310 109,561 Hawkins, Inc. 16,847 757,273 Haynes International, Inc. 19,195 600,420 HB Fuller Co. 72,457 3,732,985 Hecla Mining Co. 690,741 3,736,909 Huntsman Corp. 223,127 5,939,641 * Ingevity Corp. 19,251 1,126,183 Innophos Holdings, Inc. 26,839 1,121,065 Innospec, Inc. 34,726 2,166,902 International Flavors & Fragrances, Inc. 5,882 783,365 International Paper Co. 34,967 1,922,486 #* Intrepid Potash, Inc. 59,001 178,773 # Kaiser Aluminum Corp. 21,204 2,062,937 KapStone Paper and Packaging Corp. 161,083 3,682,357 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) # KMG Chemicals, Inc. 22,235 $1,125,536 * Koppers Holdings, Inc. 29,273 1,062,610 * Kraton Corp. 51,198 1,904,566 Kronos Worldwide, Inc. 48,956 1,043,742 * Louisiana-Pacific Corp. 108,144 2,715,496 #* LSB Industries, Inc. 41,518 293,947 LyondellBasell Industries NV Class A 11,014 992,251 Martin Marietta Materials, Inc. 9,888 2,238,940 Materion Corp. 41,770 1,606,056 # McEwen Mining, Inc. 189,521 494,650 Mercer International, Inc. 109,839 1,208,229 Minerals Technologies, Inc. 44,603 3,157,892 Monsanto Co. 9,533 1,113,645 Mosaic Co. (The) 168,647 4,071,139 Myers Industries, Inc. 62,972 1,070,524 # Neenah Paper, Inc. 20,752 1,658,085 # NewMarket Corp. 1,937 891,233 Newmont Mining Corp. 181,507 6,746,615 * Northern Technologies International Corp. 3,755 68,529 Nucor Corp. 55,655 3,209,624 # Olin Corp. 218,412 6,438,786 Olympic Steel, Inc. 23,685 404,777 * OMNOVA Solutions, Inc. 93,009 874,285 #* Owens-Illinois, Inc. 49,738 1,188,738 Packaging Corp. of America 21,650 2,370,242 PH Glatfelter Co. 63,379 1,297,368 #* Platform Specialty Products Corp. 332,150 4,653,421 PolyOne Corp. 38,302 1,401,087 PPG Industries, Inc. 7,652 805,373 Quaker Chemical Corp. 13,900 1,971,993 Rayonier Advanced Materials, Inc. 36,474 543,827 * Real Industry, Inc. 26,881 79,299 Reliance Steel & Aluminum Co. 96,442 6,978,543 * Resolute Forest Products, Inc. 29,703 138,119 # Royal Gold, Inc. 51,336 4,448,778 RPM International, Inc. 21,508 1,115,620 * Ryerson Holding Corp. 13,533 117,060 Schnitzer Steel Industries, Inc. Class A 60,296 1,555,637 Schweitzer-Mauduit International, Inc. 42,372 1,627,932 # Scotts Miracle-Gro Co. (The) 10,869 1,043,315 # Sealed Air Corp. 36,593 1,592,161 Sensient Technologies Corp. 20,363 1,514,193 Sherwin-Williams Co. (The) 1,508 508,603 # Silgan Holdings, Inc. 49,646 1,504,274 Sonoco Products Co. 76,353 3,701,593 # Southern Copper Corp. 800 31,472 Steel Dynamics, Inc. 53,925 1,909,484 Stepan Co. 28,500 2,341,845 #* Summit Materials, Inc. Class A 117,746 3,348,696 * SunCoke Energy, Inc. 124,538 1,114,615 * Synalloy Corp. 8,022 90,649 #* TimkenSteel Corp. 57,339 911,117 #* Trecora Resources 27,388 316,331 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) Tredegar Corp. 38,726 $ 584,763 Trinseo SA 12,892 906,308 Tronox, Ltd. Class A 93,299 1,808,135 * UFP Technologies, Inc. 2,694 77,722 United States Lime & Minerals, Inc. 6,127 497,635 # United States Steel Corp. 186,592 4,383,046 * Universal Stainless & Alloy Products, Inc. 8,514 161,766 #* US Concrete, Inc. 15,963 1,250,701 Valhi, Inc. 15,640 50,204 Valvoline, Inc. 50,527 1,145,447 Vulcan Materials Co. 17,482 2,152,384 Westlake Chemical Corp. 20,570 1,447,305 WestRock Co. 125,687 7,216,947 Worthington Industries, Inc. 40,792 2,066,931 WR Grace & Co. 11,437 788,695 ------------ Total Materials 242,507,883 ------------ Real Estate -- (0.4%) Alexander & Baldwin, Inc. 84,276 3,533,693 * Altisource Asset Management Corp. 1,120 103,040 #* Altisource Portfolio Solutions SA 3,002 78,322 * Capital Properties, Inc. Class A 308 4,278 * CBRE Group, Inc. Class A 27,643 1,050,158 CKX Lands, Inc. 465 5,324 Colony NorthStar, Inc. Class A 59,322 868,474 # Consolidated-Tomoka Land Co. 8,853 490,810 * Forestar Group, Inc. 49,411 847,399 * FRP Holdings, Inc. 8,107 374,138 Griffin Industrial Realty, Inc. 4,473 143,986 HFF, Inc. Class A 21,209 778,794 #* Howard Hughes Corp. (The) 26,779 3,369,066 #* InterGroup Corp. (The) 235 6,087 Jones Lang LaSalle, Inc. 21,231 2,701,008 Kennedy-Wilson Holdings, Inc. 54,478 1,095,008 * Marcus & Millichap, Inc. 6,445 164,992 #* Maui Land & Pineapple Co., Inc. 4,186 72,627 # RE/MAX Holdings, Inc. Class A 16,923 984,072 # Realogy Holdings Corp. 96,438 3,201,742 #* St Joe Co. (The) 22,990 414,969 Stratus Properties, Inc. 9,080 260,142 #* Tejon Ranch Co. 21,598 453,126 * Trinity Place Holdings, Inc. 6,344 44,091 ------------ Total Real Estate 21,045,346 ------------ Telecommunication Services -- (2.4%) * Alaska Communications Systems Group, Inc. 33,997 76,493 AT&T, Inc. 1,702,949 66,415,011 ATN International, Inc. 18,363 1,065,054 * Boingo Wireless, Inc. 49,673 736,651 # CenturyLink, Inc. 530,943 12,355,044 #* Cincinnati Bell, Inc. 25,571 476,899 # Cogent Communications Holdings, Inc. 22,981 959,457 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Telecommunication Services -- (Continued) # Consolidated Communications Holdings, Inc. 66,862 $ 1,203,516 # Frontier Communications Corp. 41,246 631,476 * General Communication, Inc. Class A 74,901 3,196,026 * Hawaiian Telcom Holdco, Inc. 3,159 92,369 * IDT Corp. Class B 41,899 620,524 #* Iridium Communications, Inc. 78,908 785,135 * Level 3 Communications, Inc. 39,531 2,319,679 * Lumos Networks Corp. 32,191 576,541 * ORBCOMM, Inc. 96,120 1,115,953 # Shenandoah Telecommunications Co. 106,250 3,267,187 Spok Holdings, Inc. 38,274 627,694 #* Sprint Corp. 330,278 2,635,618 #* Straight Path Communications, Inc. Class B 2,762 495,503 * T-Mobile US, Inc. 55,466 3,420,034 Telephone & Data Systems, Inc. 134,155 3,814,027 * United States Cellular Corp. 31,617 1,197,652 Verizon Communications, Inc. 259,639 12,566,528 * Vonage Holdings Corp. 263,850 1,744,048 Windstream Holdings, Inc. 170,122 644,762 * Zayo Group Holdings, Inc. 17,274 566,414 ------------ Total Telecommunication Services 123,605,295 ------------ Utilities -- (1.1%) AES Corp. 68,477 765,573 ALLETE, Inc. 8,815 645,875 Alliant Energy Corp. 106 4,296 American States Water Co. 15,179 750,602 # Aqua America, Inc. 21,570 720,007 Artesian Resources Corp. Class A 5,487 213,389 Atlantica Yield PLC 23,905 516,587 Atmos Energy Corp. 12,334 1,070,098 # Avangrid, Inc. 12,994 590,187 # Avista Corp. 20,799 1,094,235 # Black Hills Corp. 8,995 626,592 # California Water Service Group 19,640 763,996 * Calpine Corp. 397,489 5,715,892 # Chesapeake Utilities Corp. 8,754 676,247 CMS Energy Corp. 17,300 799,952 Connecticut Water Service, Inc. 7,188 409,572 Consolidated Water Co., Ltd. 17,333 223,596 Delta Natural Gas Co., Inc. 1,858 56,539 #* Dynegy, Inc. 173,867 1,561,326 El Paso Electric Co. 16,161 838,756 # Eversource Energy 15,733 956,409 Gas Natural, Inc. 5,716 74,022 #* Genie Energy, Ltd. Class B 22,104 146,550 Great Plains Energy, Inc. 24,561 757,952 # Hawaiian Electric Industries, Inc. 23,207 765,599 # IDACORP, Inc. 9,260 799,694 # MDU Resources Group, Inc. 24,565 647,288 MGE Energy, Inc. 14,929 993,525 # Middlesex Water Co. 10,118 397,030 # National Fuel Gas Co. 11,930 706,375 U.S. VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Utilities -- (Continued) New Jersey Resources Corp. 18,806 $ 792,673 NiSource, Inc. 34,403 896,542 Northwest Natural Gas Co. 11,229 708,550 # NorthWestern Corp. 11,879 686,487 # NRG Energy, Inc. 373,190 9,187,938 NRG Yield, Inc. Class A 5,203 94,851 # NRG Yield, Inc. Class C 10,067 187,246 OGE Energy Corp. 16,299 584,482 ONE Gas, Inc. 11,667 849,124 # Ormat Technologies, Inc. 49,428 2,931,080 Otter Tail Corp. 14,185 573,783 # Pattern Energy Group, Inc. 28,695 720,244 Pinnacle West Capital Corp. 7,400 641,802 # PNM Resources, Inc. 16,447 655,413 Portland General Electric Co. 16,898 755,172 # RGC Resources, Inc. 600 16,110 SJW Corp. 12,353 653,103 # South Jersey Industries, Inc. 21,791 740,240 Southwest Gas Holdings, Inc. 11,066 886,387 # Spark Energy, Inc. Class A 2,524 52,499 # Spire, Inc. 9,628 698,993 UGI Corp. 46,070 2,325,153 Unitil Corp. 9,001 456,801 Vectren Corp. 12,520 752,577 # WEC Energy Group, Inc. 7,951 500,674 Westar Energy, Inc. 13,846 702,685 WGL Holdings, Inc. 11,496 985,437 York Water Co. (The) 7,798 271,370 -------------- Total Utilities 53,595,177 -------------- TOTAL COMMON STOCKS 4,458,340,221 -------------- RIGHTS/WARRANTS -- (0.0%) (degrees)* Dyax Corp. Contingent Value Rights 6,160 6,837 (degrees)#* Safeway Casa Ley Contingent Value Rights 51,128 51,890 (degrees)#* Safeway PDC, LLC Contingent Value Rights 51,128 15 -------------- TOTAL RIGHTS/WARRANTS 58,742 -------------- TOTAL INVESTMENT SECURITIES 4,458,398,963 -------------- TEMPORARY CASH INVESTMENTS -- (0.9%) State Street Institutional U.S. Government Money Market Fund, 0.940% 45,532,161 45,532,161 -------------- SECURITIES LENDING COLLATERAL -- (12.2%) (S)@ DFA Short Term Investment Fund 54,032,565 625,264,837 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,685,319,421)^^ $5,129,195,961 ============== U.S. VECTOR EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary $ 639,035,396 $ 78,427 -- $ 639,113,823 Consumer Staples 206,036,146 -- -- 206,036,146 Energy 288,449,915 -- -- 288,449,915 Financials 1,062,737,433 -- -- 1,062,737,433 Health Care 391,237,810 -- -- 391,237,810 Industrials 716,334,898 -- -- 716,334,898 Information Technology 713,676,495 -- -- 713,676,495 Materials 242,507,883 -- -- 242,507,883 Real Estate 21,045,346 -- -- 21,045,346 Telecommunication Services 123,605,295 -- -- 123,605,295 Utilities 53,595,177 -- -- 53,595,177 Rights/Warrants -- 58,742 -- 58,742 Temporary Cash Investments 45,532,161 -- -- 45,532,161 Securities Lending Collateral -- 625,264,837 -- 625,264,837 Futures Contracts** 574,657 -- -- 574,657 -------------- ------------ -- -------------- TOTAL $4,504,368,612 $625,402,006 -- $5,129,770,618 ============== ============ == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. U.S. SMALL CAP PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ----------- COMMON STOCKS -- (80.8%) Consumer Discretionary -- (12.9%) * 1-800-Flowers.com, Inc. Class A 557,796 $ 5,382,731 A.H. Belo Corp. Class A 141,705 751,037 Aaron's, Inc. 693,281 32,085,045 # Abercrombie & Fitch Co. Class A 574,893 5,656,947 # Adtalem Global Education, Inc. 597,204 19,409,130 # AMC Entertainment Holdings, Inc. Class A 366,446 7,475,498 AMCON Distributing Co. 2,621 254,106 #* America's Car-Mart, Inc. 116,650 4,572,680 #* American Axle & Manufacturing Holdings, Inc. 950,132 14,004,946 # American Eagle Outfitters, Inc. 1,831,572 21,685,812 #* American Outdoor Brands Corp. 557,202 11,517,365 * American Public Education, Inc. 146,606 3,122,708 Ark Restaurants Corp. 17,486 397,632 #* Asbury Automotive Group, Inc. 226,769 12,245,526 #* Ascena Retail Group, Inc. 1,764,408 4,128,715 * Ascent Capital Group, Inc. Class A 87,641 1,481,133 #* AV Homes, Inc. 63,242 1,015,034 * Ballantyne Strong, Inc. 109,080 741,744 #* Barnes & Noble Education, Inc. 372,681 2,694,484 # Barnes & Noble, Inc. 556,746 4,537,480 Bassett Furniture Industries, Inc. 146,087 5,434,436 BBX Capital Corp. 89,375 550,550 # Beasley Broadcast Group, Inc. Class A 71,352 749,196 * Beazer Homes USA, Inc. 57,972 768,709 #* bebe stores, Inc. 1,776 10,407 * Belmond, Ltd. Class A 771,747 10,071,298 # Big 5 Sporting Goods Corp. 183,946 1,977,420 # Big Lots, Inc. 525,876 26,120,261 #* Biglari Holdings, Inc. 128 47,913 #* BJ's Restaurants, Inc. 227,067 8,015,465 #* Black Diamond, Inc. 30,200 196,300 # Bloomin' Brands, Inc. 1,185,005 20,654,637 # Bob Evans Farms, Inc. 194,498 13,455,372 * Bojangles', Inc. 44,158 587,301 #* Boot Barn Holdings, Inc. 19,764 158,310 Bowl America, Inc. Class A 10,705 156,523 # Boyd Gaming Corp. 11,841 296,735 #* Bravo Brio Restaurant Group, Inc. 184,048 634,966 #* Bridgepoint Education, Inc. 359,749 3,493,163 # Brinker International, Inc. 651,847 23,121,013 # Buckle, Inc. (The) 251,198 4,295,486 #* Buffalo Wild Wings, Inc. 184,163 19,797,522 #* Build-A-Bear Workshop, Inc. 163,932 1,573,747 * Cabela's, Inc. 38,801 2,210,881 * CafePress, Inc. 9,151 16,838 Caleres, Inc. 456,717 12,459,240 # Callaway Golf Co. 1,328,596 16,913,027 * Cambium Learning Group, Inc. 357,902 1,760,878 Canterbury Park Holding Corp. 3,440 39,904 Capella Education Co. 114,617 7,874,188 #* Career Education Corp. 1,368,697 11,510,742 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) # Carriage Services, Inc. 229,450 $ 5,596,285 #* Carrols Restaurant Group, Inc. 625,500 7,631,100 # Cato Corp. (The) Class A 249,284 4,240,321 * Cavco Industries, Inc. 100,660 13,126,064 #* Central European Media Enterprises, Ltd. Class A 122,921 534,706 * Century Casinos, Inc. 20,195 145,202 #* Century Communities, Inc. 22,506 582,905 # Cheesecake Factory, Inc. (The) 481,757 22,921,998 #* Cherokee, Inc. 113,491 595,828 # Chico's FAS, Inc. 1,576,595 14,425,844 # Children's Place, Inc. (The) 265,406 28,040,144 # Choice Hotels International, Inc. 466,859 30,182,434 #* Christopher & Banks Corp. 196,401 276,925 # Churchill Downs, Inc. 33,036 6,179,384 #* Chuy's Holdings, Inc. 272,275 6,412,076 Citi Trends, Inc. 157,381 3,485,989 # Clear Channel Outdoor Holdings, Inc. Class A 157,753 799,808 # ClubCorp Holdings, Inc. 434,312 7,361,588 Collectors Universe, Inc. 104,675 2,604,314 # Columbia Sportswear Co. 64,938 3,933,944 #* Conn's, Inc. 239,552 5,126,413 # Cooper Tire & Rubber Co. 862,527 31,525,362 #* Cooper-Standard Holdings, Inc. 175,578 17,954,606 # Core-Mark Holding Co., Inc. 459,194 16,838,644 # Cracker Barrel Old Country Store, Inc. 114,704 17,830,737 #* Crocs, Inc. 955,134 7,583,764 Crown Crafts, Inc. 1,939 10,471 CSS Industries, Inc. 27,255 729,616 # Culp, Inc. 148,596 4,457,880 #* Daily Journal Corp. 406 83,149 Dana, Inc. 1,405,903 33,348,019 #* Dave & Buster's Entertainment, Inc. 397,301 24,676,365 * Deckers Outdoor Corp. 658,565 42,714,526 * Del Frisco's Restaurant Group, Inc. 198,941 2,824,962 #* Del Taco Restaurants, Inc. 117,980 1,544,358 #* Delta Apparel, Inc. 15,317 322,117 #* Denny's Corp. 880,109 9,998,038 * Destination Maternity Corp. 56,193 85,975 #* Destination XL Group, Inc. 422,444 844,888 # Dillard's, Inc. Class A 24,154 1,783,048 # DineEquity, Inc. 172,362 7,090,973 #* Diversified Restaurant Holdings, Inc. 71,874 158,842 * Dixie Group, Inc. (The) 110,009 467,538 #* Dorman Products, Inc. 327,586 25,577,915 Dover Motorsports, Inc. 56,312 115,440 # Drive Shack, Inc. 62,900 192,474 # DSW, Inc. Class A 971,820 17,531,633 #* Duluth Holdings, Inc. Class B 45,884 889,232 # Educational Development Corp. 20,890 213,078 #* El Pollo Loco Holdings, Inc. 14,767 191,971 #* Eldorado Resorts, Inc. 89,636 1,828,574 * Emerson Radio Corp. 112,976 143,480 * Emmis Communications Corp. Class A 22,271 65,699 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) # Entercom Communications Corp. Class A 145,956 $ 1,437,667 Entravision Communications Corp. Class A 844,197 5,487,280 # Escalade, Inc. 43,648 539,053 # Ethan Allen Interiors, Inc. 313,177 10,037,323 #* EVINE Live, Inc. 28,126 33,470 #* EW Scripps Co. (The) Class A 686,450 13,488,742 #* Express, Inc. 815,803 4,943,766 #* Famous Dave's of America, Inc. 40,546 141,911 #* Fiesta Restaurant Group, Inc. 365,439 6,139,375 # Finish Line, Inc. (The) Class A 392,042 5,394,498 #* Five Below, Inc. 538,215 26,001,167 Flanigan's Enterprises, Inc. 5,380 144,184 Flexsteel Industries, Inc. 49,378 2,764,180 #* Fossil Group, Inc. 185,556 2,087,505 #* Fox Factory Holding Corp. 346,806 13,334,691 #* Francesca's Holdings Corp. 831,638 8,091,838 # Fred's, Inc. Class A 287,226 1,944,520 #* FTD Cos., Inc. 247,704 4,867,384 * Full House Resorts, Inc. 1,337 3,409 #* G-III Apparel Group, Ltd. 417,633 10,870,987 #* Gaia, Inc. 37,243 448,778 # GameStop Corp. Class A 966,760 20,969,024 # Gannett Co., Inc. 643,611 5,773,191 * Genesco, Inc. 189,274 6,075,695 #* Gentherm, Inc. 356,744 11,933,087 #* Global Eagle Entertainment, Inc. 53,822 170,078 * Good Times Restaurants, Inc. 1,862 6,517 Graham Holdings Co. Class B 10,421 6,173,400 #* Grand Canyon Education, Inc. 499,376 36,739,092 * Gray Television, Inc. 542,343 8,080,911 #* Gray Television, Inc. Class A 25,939 332,668 * Green Brick Partners, Inc. 36,223 407,509 # Group 1 Automotive, Inc. 195,046 11,614,989 #* Groupon, Inc. 452,586 1,701,723 # Guess?, Inc. 742,050 9,691,173 #* Habit Restaurants, Inc. (The) Class A 104,170 1,713,597 * Harte-Hanks, Inc. 411,736 397,325 # Haverty Furniture Cos., Inc. 166,569 3,706,160 Haverty Furniture Cos., Inc. Class A 3,785 84,689 * Helen of Troy, Ltd. 310,762 31,309,271 * Hibbett Sports, Inc. 212,420 3,313,752 * Hilton Grand Vacations, Inc. 23,760 873,418 Hooker Furniture Corp. 98,974 4,176,703 #* Horizon Global Corp. 376,603 5,249,846 #* Houghton Mifflin Harcourt Co. 1,272,698 15,208,741 #* Hovnanian Enterprises, Inc. Class A 362,836 798,239 # HSN, Inc. 465,956 18,475,155 #* Iconix Brand Group, Inc. 815,271 5,437,858 # ILG, Inc. 1,218,429 32,300,553 #* IMAX Corp. 191,646 4,101,224 Insignia Systems, Inc. 15,351 15,658 #* Installed Building Products, Inc. 222,956 11,995,033 International Speedway Corp. Class A 70,858 2,536,716 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Intrawest Resorts Holdings, Inc. 83,674 $ 1,987,257 #* iRobot Corp. 268,408 28,319,728 * J Alexander's Holdings, Inc. 5,069 53,478 Jack in the Box, Inc. 370,419 34,360,066 #* JAKKS Pacific, Inc. 62,792 207,214 #* Jamba, Inc. 131,378 1,144,302 #* JC Penney Co., Inc. 1,410,836 7,632,623 # John Wiley & Sons, Inc. Class A 451,741 24,958,690 Johnson Outdoors, Inc. Class A 31,054 1,568,848 * K12, Inc. 302,317 5,354,034 # KB Home 624,639 14,316,726 #* Kirkland's, Inc. 170,933 1,598,224 #* Kona Grill, Inc. 114,164 302,535 * Koss Corp. 25,262 45,219 * La Quinta Holdings, Inc. 756,789 11,283,724 La-Z-Boy, Inc. 517,969 17,507,352 * Lakeland Industries, Inc. 36,821 554,156 (degrees)* Lazare Kaplan International, Inc. 9,600 1,350 # LCI Industries 238,699 25,481,118 #* LGI Homes, Inc. 7,986 353,780 Libbey, Inc. 303,165 2,728,485 * Liberty Expedia Holdings, Inc. Class A 6,372 363,523 Liberty Tax, Inc. 30,299 427,216 #* Liberty TripAdvisor Holdings, Inc. Class A 393,014 4,617,914 Lifetime Brands, Inc. 98,745 1,871,218 #* Lindblad Expeditions Holdings, Inc. 41,276 413,173 # Lithia Motors, Inc. Class A 254,114 26,237,270 #* Live Ventures, Inc. 1,158 12,773 * Luby's, Inc. 247,827 711,263 #* M/I Homes, Inc. 186,382 4,834,749 #* Malibu Boats, Inc. Class A 237,387 6,791,642 Marcus Corp. (The) 95,912 2,608,806 # Marine Products Corp. 113,176 1,643,316 #* MarineMax, Inc. 246,743 3,688,808 # Marriott Vacations Worldwide Corp. 294,591 34,422,958 #* McClatchy Co. (The) Class A 66,049 528,392 # MDC Holdings, Inc. 385,951 13,234,260 (degrees) Media General, Inc. 298,450 602,869 # Meredith Corp. 469,182 27,892,870 #* Meritage Homes Corp. 317,248 12,927,856 #* Michaels Cos., Inc. (The) 219,009 4,410,841 #* Modine Manufacturing Co. 391,175 6,356,594 * Monarch Casino & Resort, Inc. 25,809 854,020 # Monro Muffler Brake, Inc. 320,497 14,935,160 #* Motorcar Parts of America, Inc. 252,966 7,075,459 # Movado Group, Inc. 122,136 3,004,546 #* MSG Networks, Inc. Class A 745,952 15,963,373 #* Murphy USA, Inc. 413,646 31,325,412 # NACCO Industries, Inc. Class A 46,605 3,057,288 #* Nathan's Famous, Inc. 57,601 3,600,062 # National CineMedia, Inc. 787,141 5,628,058 #* Nautilus, Inc. 633,878 11,156,253 * New Home Co., Inc. (The) 1,064 11,502 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) # New Media Investment Group, Inc. 45,710 $ 637,197 #* New York & Co., Inc. 427,200 666,432 # New York Times Co. (The) Class A 1,585,245 30,119,655 # Nexstar Media Group, Inc. Class A 474,414 31,026,676 # Nutrisystem, Inc. 295,945 16,498,934 # Office Depot, Inc. 4,987,635 29,277,417 #* Ollie's Bargain Outlet Holdings, Inc. 253,179 11,317,101 #* Overstock.com, Inc. 192,994 3,087,904 # Oxford Industries, Inc. 181,384 11,450,772 P&F Industries, Inc. Class A 10,000 60,300 # Papa John's International, Inc. 468,218 33,397,990 #* Papa Murphy's Holdings, Inc. 4,442 18,923 #* Party City Holdco, Inc. 58,342 813,871 # Peak Resorts, Inc. 3,001 15,680 * Pegasus Cos., Inc. (The) 170 43,350 #* Penn National Gaming, Inc. 181,941 3,667,931 # Penske Automotive Group, Inc. 129,739 5,648,836 * Perfumania Holdings, Inc. 15,984 24,935 * Perry Ellis International, Inc. 85,716 1,683,462 # PetMed Express, Inc. 341,269 16,223,928 # Pier 1 Imports, Inc. 1,452,846 6,697,620 * PICO Holdings, Inc. 205,760 3,343,600 #* Pinnacle Entertainment, Inc. 103,853 1,973,207 # Planet Fitness, Inc. Class A 599,391 13,582,200 * Playa Hotels & Resorts NV 4,544 53,710 #* Potbelly Corp. 287,696 3,308,504 RCI Hospitality Holdings, Inc. 88,481 2,007,634 * Reading International, Inc. Class A 128,164 2,045,497 #* Reading International, Inc. Class B 2,710 56,368 * Red Lion Hotels Corp. 137,648 984,183 #* Red Robin Gourmet Burgers, Inc. 139,762 8,357,768 # Regal Entertainment Group Class A 1,369,793 26,053,463 * Regis Corp. 342,242 3,603,808 # Rent-A-Center, Inc. 421,377 5,570,604 #* RH 72,517 4,723,032 Rocky Brands, Inc. 87,813 1,224,991 #* Ruby Tuesday, Inc. 1,179,039 2,381,659 Ruth's Hospitality Group, Inc. 606,400 12,128,000 # Saga Communications, Inc. Class A 18,348 712,820 Salem Media Group, Inc. 145,343 1,039,202 #* Sally Beauty Holdings, Inc. 778,783 15,754,780 Scholastic Corp. 166,300 6,889,809 #* Scientific Games Corp. Class A 329,127 12,194,155 #* Sears Hometown and Outlet Stores, Inc. 5,075 11,419 # SeaWorld Entertainment, Inc. 933,081 14,350,786 #* Select Comfort Corp. 471,600 15,944,796 #* Sequential Brands Group, Inc. 12,224 39,239 #* Shake Shack, Inc. Class A 41,560 1,371,896 * Shiloh Industries, Inc. 206,999 1,535,933 # Shoe Carnival, Inc. 144,404 2,636,817 #* Shutterfly, Inc. 379,637 18,617,398 # Sinclair Broadcast Group, Inc. Class A 722,624 26,050,595 #* Skyline Corp. 98,594 736,497 # Sonic Automotive, Inc. Class A 305,086 5,537,311 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) # Sonic Corp. 611,645 $14,471,521 #* Sotheby's 641,353 36,294,166 Speedway Motorsports, Inc. 226,118 4,807,269 #* Sportsman's Warehouse Holdings, Inc. 496,758 2,250,314 # Stage Stores, Inc. 206,142 410,223 Standard Motor Products, Inc. 251,701 12,680,696 # Stein Mart, Inc. 423,052 588,042 #* Steven Madden, Ltd. 626,815 25,699,415 * Stoneridge, Inc. 472,139 7,204,841 # Strattec Security Corp. 25,601 908,836 # Strayer Education, Inc. 116,509 9,159,938 # Sturm Ruger & Co., Inc. 178,046 10,255,450 # Superior Industries International, Inc. 153,932 3,009,371 # Superior Uniform Group, Inc. 89,684 2,002,644 * Sypris Solutions, Inc. 166,659 277,487 # Tailored Brands, Inc. 89,094 1,117,239 #* Tandy Leather Factory, Inc. 84,087 744,170 * Taylor Morrison Home Corp. Class A 648,597 14,671,264 #* Tempur Sealy International, Inc. 104,580 6,031,129 # Tenneco, Inc. 542,557 30,003,402 # Texas Roadhouse, Inc. 698,958 33,060,713 # Tile Shop Holdings, Inc. 134,649 1,965,875 Tilly's, Inc. Class A 160,637 1,603,157 Time, Inc. 812,562 11,416,496 * TopBuild Corp. 273,701 14,445,939 Tower International, Inc. 262,109 6,474,092 * Town Sports International Holdings, Inc. 130,703 718,867 * Townsquare Media, Inc. Class A 810 8,959 * Trans World Entertainment Corp. 430,696 753,718 * TravelCenters of America LLC 2,720 9,928 #* TRI Pointe Group, Inc. 1,630,820 21,689,906 Tribune Media Co. Class A 78,365 3,303,085 #* tronc, Inc. 107,511 1,372,915 #* Tuesday Morning Corp. 300,124 555,229 # Tupperware Brands Corp. 436,609 26,506,532 * UCP, Inc. Class A 49,201 548,591 * Unifi, Inc. 121,062 3,965,991 Unique Fabricating, Inc. 993 8,689 #* Universal Electronics, Inc. 143,699 9,836,197 * Universal Technical Institute, Inc. 129,636 461,504 #* Urban One, Inc. 910,737 1,730,400 #* Urban Outfitters, Inc. 637,828 12,495,051 * US Auto Parts Network, Inc. 305,682 797,830 #* Vera Bradley, Inc. 308,380 3,108,470 #* Vista Outdoor, Inc. 414,380 9,568,034 * Visteon Corp. 340,599 37,990,412 #* Vitamin Shoppe, Inc. 260,436 2,864,796 * VOXX International Corp. 182,610 1,223,487 #* Weight Watchers International, Inc. 115,797 4,147,849 # Wendy's Co. (The) 2,394,656 36,973,489 West Marine, Inc. 189,899 2,447,798 # Weyco Group, Inc. 49,920 1,391,770 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Consumer Discretionary -- (Continued) #* William Lyon Homes Class A 242,577 $ 5,484,666 #* Wingstop, Inc. 210,193 6,307,892 # Winmark Corp. 39,742 5,287,673 # Winnebago Industries, Inc. 359,107 13,215,138 Wolverine World Wide, Inc. 1,149,243 32,408,653 # World Wrestling Entertainment, Inc. Class A 15,176 321,124 #* ZAGG, Inc. 461,588 3,900,419 #* Zoe's Kitchen, Inc. 1,828 20,675 #* Zumiez, Inc. 311,981 3,962,159 -------------- Total Consumer Discretionary 2,516,614,083 -------------- Consumer Staples -- (3.3%) # Alico, Inc. 34,016 1,027,283 #* Alliance One International, Inc. 77,408 1,176,602 Andersons, Inc. (The) 234,936 8,093,545 #* Avon Products, Inc. 3,481,472 12,672,558 # B&G Foods, Inc. 618,468 22,419,465 #* Boston Beer Co., Inc. (The) Class A 88,114 13,816,275 * Bridgford Foods Corp. 17,169 191,606 #* Cal-Maine Foods, Inc. 408,911 15,599,955 # Calavo Growers, Inc. 181,535 13,442,667 * CCA Industries, Inc. 16,064 57,027 #* Central Garden & Pet Co. 97,803 3,129,696 * Central Garden & Pet Co. Class A 361,876 11,131,306 #* Chefs' Warehouse, Inc. (The) 225,223 3,265,734 # Coca-Cola Bottling Co. Consolidated 69,139 16,599,583 * Coffee Holding Co., Inc. 11,600 48,256 #* Craft Brew Alliance, Inc. 328,290 5,745,075 * Darling Ingredients, Inc. 1,651,702 26,873,192 # Dean Foods Co. 1,099,895 16,498,425 Energizer Holdings, Inc. 569,884 26,254,556 #* Farmer Brothers Co. 184,337 5,742,098 # Fresh Del Monte Produce, Inc. 413,107 21,262,617 #* Hostess Brands, Inc. 128,758 1,967,422 * HRG Group, Inc. 899,159 14,899,065 Ingles Markets, Inc. Class A 130,345 3,845,177 # Inter Parfums, Inc. 297,648 11,548,742 #* Inventure Foods, Inc. 79,478 309,964 # J&J Snack Foods Corp. 183,145 24,065,253 # John B. Sanfilippo & Son, Inc. 96,215 6,188,549 Lancaster Colony Corp. 187,141 22,947,229 * Landec Corp. 237,611 2,922,615 * Lifevantage Corp. 71,204 270,575 #* Lifeway Foods, Inc. 59,641 546,908 # Limoneira Co. 35,599 810,233 # Mannatech, Inc. 6,854 111,378 Medifast, Inc. 232,997 9,946,642 # MGP Ingredients, Inc. 200,591 11,826,845 # National Beverage Corp. 312,083 31,869,916 * Natural Alternatives International, Inc. 47,852 478,520 #* Natural Grocers by Vitamin Cottage, Inc. 74,337 654,909 # Natural Health Trends Corp. 11,751 289,427 Nature's Sunshine Products, Inc. 68,726 869,384 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) # Nu Skin Enterprises, Inc. Class A 420,098 $ 26,617,409 Nutraceutical International Corp. 53,278 2,227,020 Oil-Dri Corp. of America 31,333 1,295,933 Omega Protein Corp. 153,627 2,458,032 # Orchids Paper Products Co. 79,430 894,382 #* Performance Food Group Co. 107,257 3,089,002 # PriceSmart, Inc. 288,330 24,291,802 #* Primo Water Corp. 255,658 3,172,716 #* Revlon, Inc. Class A 333,301 6,516,035 Rocky Mountain Chocolate Factory, Inc. 37,409 444,793 # Sanderson Farms, Inc. 350,893 45,879,260 Seaboard Corp. 1,680 7,182,000 * Seneca Foods Corp. Class A 50,162 1,439,649 * Seneca Foods Corp. Class B 2,794 86,335 #* Smart & Final Stores, Inc. 4,153 35,716 # Snyder's-Lance, Inc. 912,971 31,762,261 SpartanNash Co. 287,126 7,964,875 #* Sprouts Farmers Market, Inc. 322,158 7,754,343 #* SUPERVALU, Inc. 2,179,666 7,803,204 * Tofutti Brands, Inc. 8,340 16,305 # Tootsie Roll Industries, Inc. 190,895 7,101,294 #* United Natural Foods, Inc. 514,980 19,842,179 # United-Guardian, Inc. 19,179 302,069 # Universal Corp. 233,532 14,934,371 #* USANA Health Sciences, Inc. 182,553 10,423,776 # Vector Group, Ltd. 1,411,601 28,415,528 # Village Super Market, Inc. Class A 54,285 1,342,468 # WD-40 Co. 140,021 14,933,240 # Weis Markets, Inc. 132,593 6,272,975 ------------ Total Consumer Staples 655,915,246 ------------ Energy -- (3.3%) Adams Resources & Energy, Inc. 22,105 839,769 #* Approach Resources, Inc. 6,605 20,674 # Arch Coal, Inc. Class A 40,306 3,066,077 Archrock, Inc. 509,555 5,579,627 # Ardmore Shipping Corp. 2,500 19,875 #* Aspen Aerogels, Inc. 5,290 24,387 #* Atwood Oceanics, Inc. 691,180 5,432,675 * Barnwell Industries, Inc. 32,713 61,173 #* Basic Energy Services, Inc. 65,640 1,470,336 #* Bill Barrett Corp. 913,096 3,086,264 # Bristow Group, Inc. 305,560 2,251,977 #* California Resources Corp. 92,128 748,079 #* Callon Petroleum Co. 1,809,464 20,483,132 #* CARBO Ceramics, Inc. 113,844 804,877 #* Clean Energy Fuels Corp. 463,303 1,213,854 #* Cloud Peak Energy, Inc. 655,571 2,268,276 #* CONSOL Energy, Inc. 242,689 4,067,468 * Contango Oil & Gas Co. 204,317 1,225,902 # CVR Energy, Inc. 3,747 70,856 * Dawson Geophysical Co. 158,707 636,415 # Delek US Holdings, Inc. 737,959 19,268,109 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Energy -- (Continued) #* Denbury Resources, Inc. 1,907,868 $ 2,785,487 # DHT Holdings, Inc. 743,047 3,091,076 #* Diamond Offshore Drilling, Inc. 332,885 4,134,432 #* Dorian LPG, Ltd. 15,884 114,365 #* Dril-Quip, Inc. 483,120 21,547,152 #* Eclipse Resources Corp. 86,330 242,587 * ENGlobal Corp. 79,948 99,935 # EnLink Midstream LLC 593,135 10,409,519 # Ensco P.L.C. Class A 3,151,428 16,671,054 #* EP Energy Corp. Class A 10,135 34,256 #* Era Group, Inc. 138,182 1,210,474 Evolution Petroleum Corp. 142,216 1,223,058 * Exterran Corp. 277,758 7,691,119 * Fairmount Santrol Holdings, Inc. 7,375 21,535 #* Forum Energy Technologies, Inc. 1,246,331 16,513,886 # Frank's International NV 268,029 2,171,035 # GasLog, Ltd. 462,529 8,441,154 #* Gastar Exploration, Inc. 45,826 39,410 #* Geospace Technologies Corp. 78,413 1,206,776 Green Plains, Inc. 297,456 5,874,756 Gulf Island Fabrication, Inc. 118,201 1,347,491 * Gulfport Energy Corp. 295,361 3,727,456 Hallador Energy Co. 6,996 48,202 #* Helix Energy Solutions Group, Inc. 2,285,642 14,948,099 #* Hornbeck Offshore Services, Inc. 239,036 602,371 * International Seaways, Inc. 6,139 140,031 #* ION Geophysical Corp. 66,679 236,710 #* Kosmos Energy, Ltd. 3,499,713 23,098,106 #* Laredo Petroleum, Inc. 1,265,044 16,394,970 #* Matador Resources Co. 230,405 5,589,625 * Matrix Service Co. 287,619 2,976,857 #* McDermott International, Inc. 2,662,705 18,026,513 * Mitcham Industries, Inc. 112,906 448,237 # Nabors Industries, Ltd. 3,143,112 24,233,394 * Natural Gas Services Group, Inc. 76,868 1,917,857 #* Newpark Resources, Inc. 1,287,910 10,754,048 # Noble Corp. P.L.C. 2,497,301 9,989,204 # Nordic American Tankers, Ltd. 3,153 18,540 #* Northern Oil and Gas, Inc. 175,574 219,468 #* Oasis Petroleum, Inc. 2,828,990 22,009,542 Oceaneering International, Inc. 983,643 25,230,443 #* Oil States International, Inc. 399,091 9,917,411 * Overseas Shipholding Group, Inc. Class A 30,625 94,325 #* Pacific Ethanol, Inc. 249,541 1,559,631 # Panhandle Oil and Gas, Inc. Class A 113,672 2,500,784 #* Par Pacific Holdings, Inc. 81,045 1,451,516 #* Parker Drilling Co. 778,214 933,857 # Patterson-UTI Energy, Inc. 493,911 9,552,239 # PBF Energy, Inc. Class A 1,320,944 30,077,895 * PDC Energy, Inc. 363,991 17,165,816 * Peabody Energy Corp. 196,083 5,498,167 * Penn Virginia Corp. 1,545 59,343 #* PetroQuest Energy, Inc. 8,371 18,165 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) * PHI, Inc. Non-Voting 72,122 $ 699,583 #* PHI, Inc. Voting 4,419 41,760 * Pioneer Energy Services Corp. 1,031,211 2,268,664 * QEP Resources, Inc. 489,532 4,195,289 #* Renewable Energy Group, Inc. 540,302 6,753,775 #* Resolute Energy Corp. 17,336 588,731 #* REX American Resources Corp. 52,182 5,217,156 #* RigNet, Inc. 93,123 1,764,681 #* Ring Energy, Inc. 311,282 4,065,343 #* Rowan Cos. P.L.C. Class A 1,058,896 12,357,316 #* SAExploration Holdings, Inc. 3,940 11,741 * SandRidge Energy, Inc. 921 17,785 # Scorpio Tankers, Inc. 1,646,515 6,108,571 #* SEACOR Holdings, Inc. 149,803 5,106,784 #* SEACOR Marine Holdings, Inc. 142,370 2,075,760 # SemGroup Corp. Class A 626,853 16,956,374 # Ship Finance International, Ltd. 497,991 6,772,678 # SM Energy Co. 1,270,610 22,095,908 #* SRC Energy, Inc. 3,202,973 27,257,300 #* Superior Energy Services, Inc. 2,546,922 27,404,881 (degrees)#* Syntroleum Corp. 12,079 4,469 # Teekay Corp. 67,420 660,716 # Teekay Tankers, Ltd. Class A 87,732 157,918 #* Tesco Corp. 716,706 3,296,848 * TETRA Technologies, Inc. 2,053,816 5,771,223 #* Ultra Petroleum Corp. 70,047 720,784 #* Unit Corp. 698,057 12,551,065 # US Silica Holdings, Inc. 602,149 17,540,600 #* Vaalco Energy, Inc. 157,972 144,860 * Westmoreland Coal Co. 199,551 860,065 #* Whiting Petroleum Corp. 3,283,594 17,238,868 * Willbros Group, Inc. 396,632 809,129 World Fuel Services Corp. 129,534 4,189,130 ------------ Total Energy 652,654,936 ------------ Financials -- (17.2%) 1st Constitution Bancorp 2,850 48,878 # 1st Source Corp. 208,000 10,212,800 # A-Mark Precious Metals, Inc. 73,304 1,104,691 Access National Corp. 74,648 1,984,890 * Ambac Financial Group, Inc. 343,379 7,015,233 American Equity Investment Life Holding Co. 786,081 21,051,249 # American National Bankshares, Inc. 34,504 1,302,526 # American National Insurance Co. 48,517 5,773,523 American River Bankshares 8,888 123,988 # Ameris Bancorp 422,062 19,330,440 # AMERISAFE, Inc. 232,169 13,407,760 AmeriServ Financial, Inc. 279,750 1,105,013 # Amtrust Financial Services, Inc. 13,433 214,928 Argo Group International Holdings, Ltd. 161,424 9,677,369 # Arrow Financial Corp. 82,103 2,676,558 # Artisan Partners Asset Management, Inc. Class A 480,615 15,980,449 Aspen Insurance Holdings, Ltd. 675,355 32,957,324 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Associated Banc-Corp 1,379,660 $33,042,857 * Asta Funding, Inc. 5,727 41,950 Astoria Financial Corp. 1,174,387 23,699,130 Atlantic American Corp. 20,640 74,304 * Atlantic Coast Financial Corp. 9,719 77,266 * Atlanticus Holdings Corp. 73,372 181,229 #* Atlas Financial Holdings, Inc. 38,991 602,411 Auburn National Bancorporation, Inc. 2,786 103,110 Baldwin & Lyons, Inc. Class A 1,471 34,274 Baldwin & Lyons, Inc. Class B 32,970 771,498 # Banc of California, Inc. 416,404 8,557,102 BancFirst Corp. 101,465 10,831,389 * Bancorp, Inc. (The) 646,312 5,008,918 # BancorpSouth, Inc. 1,516,521 45,571,456 Bank Mutual Corp. 330,963 3,293,082 # Bank of Commerce Holdings 8,400 86,940 # Bank of Hawaii Corp. 411,858 34,460,159 # Bank of Marin Bancorp 7,498 499,742 Bank of South Carolina Corp. 462 8,940 BankFinancial Corp. 134,611 2,016,473 BankUnited, Inc. 118,606 4,082,419 Banner Corp. 344,172 19,882,816 # Bar Harbor Bankshares 62,972 1,756,289 # BCB Bancorp, Inc. 27,175 407,625 Bear State Financial, Inc. 15,999 148,471 # Beneficial Bancorp, Inc. 668,897 10,434,793 * Berkshire Bancorp, Inc. 10,144 115,895 Berkshire Hills Bancorp, Inc. 345,957 12,852,303 BGC Partners, Inc. Class A 3,241,134 40,870,700 Blue Hills Bancorp, Inc. 16,339 309,624 #* BofI Holding, Inc. 508,652 14,176,131 # Boston Private Financial Holdings, Inc. 1,133,299 17,396,140 # Bridge Bancorp, Inc. 58,276 1,893,970 # Brookline Bancorp, Inc. 711,917 10,571,967 # Bryn Mawr Bank Corp. 188,341 7,995,075 #* BSB Bancorp, Inc. 2,742 81,026 C&F Financial Corp. 4,242 211,252 California First National Bancorp 14,701 244,772 # Camden National Corp. 138,514 5,817,588 Canadian Imperial Bank of Commerce 85,147 7,394,165 Capital Bank Financial Corp. Class A 409,523 15,561,874 Capital City Bank Group, Inc. 58,011 1,239,115 Capitol Federal Financial, Inc. 1,894,239 27,011,848 # Carolina Financial Corp. 32,454 1,091,753 Cathay General Bancorp 1,439,083 53,893,658 CenterState Banks, Inc. 536,649 13,410,859 Central Pacific Financial Corp. 276,220 8,543,485 # Central Valley Community Bancorp 2,600 57,148 # Century Bancorp, Inc. Class A 6,344 423,145 Charter Financial Corp. 57,829 1,039,765 Chemical Financial Corp. 576,956 27,803,510 # Citizens & Northern Corp. 27,499 634,677 Citizens Community Bancorp, Inc. 1,592 22,208 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Citizens First Corp. 400 $ 8,760 # Citizens Holding Co. 2,717 66,974 #* Citizens, Inc. 201,927 1,625,512 # City Holding Co. 149,152 9,788,846 # Clifton Bancorp, Inc. 183,431 3,061,463 # CNB Financial Corp. 43,425 1,144,683 CNO Financial Group, Inc. 862,479 19,733,520 CoBiz Financial, Inc. 496,139 8,732,046 Codorus Valley Bancorp, Inc. 4,114 115,027 # Cohen & Steers, Inc. 204,698 8,269,799 Colony Bankcorp, Inc. 10,672 149,942 # Columbia Banking System, Inc. 915,897 36,489,336 # Community Bank System, Inc. 595,722 32,705,138 * Community Bankers Trust Corp. 1,723 14,818 Community Trust Bancorp, Inc. 158,330 6,839,856 Community West Bancshares 6,650 68,828 # ConnectOne Bancorp, Inc. 182,533 4,106,993 * Consumer Portfolio Services, Inc. 208,195 855,681 #* Cowen, Inc. 112,767 1,804,272 Crawford & Co. Class A 139,549 1,036,849 # Crawford & Co. Class B 129,696 1,164,670 * CU Bancorp 46,630 1,720,647 #* Customers Bancorp, Inc. 342,834 10,233,595 # CVB Financial Corp. 1,347,879 29,033,314 # Diamond Hill Investment Group, Inc. 29,019 5,731,252 Dime Community Bancshares, Inc. 394,797 8,211,778 Donegal Group, Inc. Class A 114,108 1,720,749 Donegal Group, Inc. Class B 5,267 81,902 #* Donnelley Financial Solutions, Inc. 138,396 3,210,787 Eagle Bancorp Montana, Inc. 225 4,106 #* Eagle Bancorp, Inc. 344,355 21,504,970 #* eHealth, Inc. 230,924 3,928,017 EMC Insurance Group, Inc. 99,357 2,752,189 Employers Holdings, Inc. 333,864 14,473,004 #* Encore Capital Group, Inc. 218,724 8,770,832 * Enova International, Inc. 481,583 6,982,953 #* Enstar Group, Ltd. 66,124 13,396,722 #* Entegra Financial Corp. 874 20,189 # Enterprise Bancorp, Inc. 11,432 386,287 Enterprise Financial Services Corp. 240,137 9,497,418 * Equity Bancshares, Inc. Class A 786 27,172 ESSA Bancorp, Inc. 48,102 709,505 #* Essent Group, Ltd. 296,926 11,407,897 # Evans Bancorp, Inc. 5,104 207,988 # Evercore Partners, Inc. Class A 512,710 40,324,641 * Ezcorp, Inc. Class A 505,980 3,946,644 Fairfax Financial Holdings, Ltd. 4,721 2,248,380 Farmers Capital Bank Corp. 25,952 974,498 # Farmers National Banc Corp. 23,126 317,983 FBL Financial Group, Inc. Class A 152,876 10,380,280 #* FCB Financial Holdings, Inc. Class A 396,181 18,679,934 Federal Agricultural Mortgage Corp. Class A 2,089 139,963 Federal Agricultural Mortgage Corp. Class C 63,989 4,387,086 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) # Federated Investors, Inc. Class B 1,139,754 $32,859,108 Federated National Holding Co. 138,231 2,200,638 # Fidelity & Guaranty Life 8,299 258,514 Fidelity Southern Corp. 277,554 5,845,287 # Fifth Street Asset Management, Inc. 38,771 158,961 # Financial Engines, Inc. 423,893 16,298,686 Financial Institutions, Inc. 117,506 3,454,676 * First Acceptance Corp. 13,967 12,570 # First American Financial Corp. 58,646 2,839,053 * First BanCorp(318672706) 1,058,912 6,205,224 # First Bancorp(318910106) 187,958 5,883,085 # First Bancorp, Inc. 52,568 1,416,182 # First Bancshares, Inc. (The) 921 25,558 # First Busey Corp. 440,018 12,866,126 # First Business Financial Services, Inc. 19,943 423,988 First Citizens BancShares, Inc. Class A 12,363 4,549,831 First Commonwealth Financial Corp. 745,699 9,716,458 First Community Bancshares, Inc. 118,548 3,226,877 First Connecticut Bancorp, Inc. 34,438 881,613 First Defiance Financial Corp. 55,889 2,892,256 # First Financial Bancorp 712,045 18,228,352 # First Financial Bankshares, Inc. 464,837 20,104,200 First Financial Corp. 50,310 2,316,776 First Financial Northwest, Inc. 82,190 1,348,738 #* First Foundation, Inc. 32,211 558,539 # First Horizon National Corp. 769,040 13,404,367 First Internet Bancorp 2,367 77,993 First Interstate Bancsystem, Inc. Class A 348,727 12,745,972 First Merchants Corp. 397,689 16,082,543 First Mid-Illinois Bancshares, Inc. 400 14,636 First Midwest Bancorp, Inc. 1,315,799 29,223,896 * First Northwest Bancorp 7,973 121,588 # First of Long Island Corp. (The) 108,169 3,023,324 First South Bancorp, Inc. 21,886 376,658 * First United Corp. 10,450 157,795 First US Bancshares, Inc. 878 10,044 FirstCash, Inc. 641,530 37,304,969 * Flagstar Bancorp, Inc. 306,103 9,966,714 Flushing Financial Corp. 269,938 7,701,331 FNB Corp. 2,149,872 29,453,246 * FNFV Group 9,551 164,755 #* Franklin Financial Network, Inc. 14,921 515,521 # Fulton Financial Corp. 2,300,678 41,987,373 # Gain Capital Holdings, Inc. 360,183 2,416,828 # GAMCO Investors, Inc. Class A 31,217 958,674 * Genworth Financial, Inc. Class A 673,113 2,308,778 # German American Bancorp, Inc. 122,993 4,406,839 # Glacier Bancorp, Inc. 931,240 32,518,901 * Global Indemnity, Ltd. 68,448 2,653,044 * Great Elm Capital Group, Inc. 1,125 3,881 # Great Southern Bancorp, Inc. 115,333 5,991,549 # Great Western Bancorp, Inc. 283,513 11,059,842 #* Green Bancorp, Inc. 69,429 1,558,681 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) #* Green Dot Corp. Class A 643,236 $25,883,817 # Greenhill & Co., Inc. 456,633 8,447,710 #* Greenlight Capital Re, Ltd. Class A 314,519 6,730,707 # Guaranty Bancorp 160,489 4,277,032 Guaranty Federal Bancshares, Inc. 2,800 60,200 * Hallmark Financial Services, Inc. 141,246 1,589,018 Hancock Holding Co. 611,175 28,114,050 Hanmi Financial Corp. 412,127 11,807,439 Hanover Insurance Group, Inc. (The) 94,205 8,936,286 Hawthorn Bancshares, Inc. 848 17,236 # HCI Group, Inc. 158,604 7,151,454 #* Health Insurance Innovations, Inc. Class A 13,145 368,717 Heartland Financial USA, Inc. 206,195 9,711,784 Heritage Commerce Corp. 373,350 5,185,832 Heritage Financial Corp. 216,648 5,892,826 # Heritage Insurance Holdings, Inc. 84,969 1,071,459 Hilltop Holdings, Inc. 1,076,042 26,933,331 Hingham Institution for Savings 5,857 1,036,103 * HMN Financial, Inc. 31,110 559,980 Home Bancorp, Inc. 921 37,319 # Home BancShares, Inc. 1,182,754 29,332,299 #* HomeStreet, Inc. 268,320 7,043,400 * HomeTrust Bancshares, Inc. 48,460 1,170,309 Hope Bancorp, Inc. 1,817,763 32,047,162 HopFed Bancorp, Inc. 7,872 114,774 Horace Mann Educators Corp. 276,805 10,214,104 # Horizon Bancorp 114,624 3,022,635 # Houlihan Lokey, Inc. 50,034 1,860,264 Iberiabank Corp. 347,348 28,083,086 #* Impac Mortgage Holdings, Inc. 10,194 149,954 Independent Bank Corp.(453836108) 304,213 21,705,598 Independent Bank Corp.(453838609) 28,411 602,313 # Independent Bank Group, Inc. 74,604 4,502,351 Infinity Property & Casualty Corp. 46,947 4,697,047 # Interactive Brokers Group, Inc. Class A 724,041 28,997,842 International Bancshares Corp. 730,051 25,843,805 * INTL. FCStone, Inc. 186,191 7,285,654 Investar Holding Corp. 1,068 24,190 Investment Technology Group, Inc. 237,826 5,248,820 Investors Title Co. 7,847 1,385,152 James River Group Holdings, Ltd. 43,716 1,755,635 #* Janus Henderson Group P.L.C. 326,407 10,931,370 # Kearny Financial Corp. 537,341 7,845,179 # Kemper Corp. 428,296 16,810,618 Kentucky First Federal Bancorp 11,174 109,505 # Kingstone Cos., Inc. 46,784 771,936 #* Ladenburg Thalmann Financial Services, Inc. 587,860 1,340,321 Lake Shore Bancorp, Inc. 537 8,485 Lakeland Bancorp, Inc. 409,667 7,927,056 # Lakeland Financial Corp. 266,440 12,256,240 Landmark Bancorp, Inc. 5,140 152,401 # LegacyTexas Financial Group, Inc. 613,270 23,745,814 # Legg Mason, Inc. 155,954 6,239,720 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) #* LendingClub Corp. 2,394,855 $12,141,915 #* LendingTree, Inc. 114,834 25,332,380 # Live Oak Bancshares, Inc. 1,111 28,053 LPL Financial Holdings, Inc. 256,088 11,718,587 Macatawa Bank Corp. 247,086 2,384,380 Mackinac Financial Corp. 37,317 542,589 * Magyar Bancorp, Inc. 1,800 23,004 Maiden Holdings, Ltd. 810,900 9,000,990 MainSource Financial Group, Inc. 242,261 8,464,599 #* Malvern Bancorp, Inc. 3,111 77,153 # Manning & Napier, Inc. 142,255 576,133 Marlin Business Services Corp. 85,964 2,235,064 # MB Financial, Inc. 670,678 27,430,730 #* MBIA, Inc. 1,254,591 12,759,190 MBT Financial Corp. 75,872 728,371 Mercantile Bank Corp. 74,211 2,361,394 # Mercury General Corp. 621,569 37,225,767 Meridian Bancorp, Inc. 459,592 8,111,799 Meta Financial Group, Inc. 100,911 7,194,954 * MGIC Investment Corp. 602,890 7,035,726 Mid Penn Bancorp, Inc. 2,649 71,523 MidSouth Bancorp, Inc. 42,577 478,991 MidWestOne Financial Group, Inc. 3,354 115,445 Moelis & Co. Class A 256,380 10,485,942 Morningstar, Inc. 49,521 4,088,949 * MSB Financial Corp. 1,139 19,705 MutualFirst Financial, Inc. 15,325 534,843 National Bank Holdings Corp. Class A 293,282 10,009,715 #* National Commerce Corp. 5,180 207,718 National General Holdings Corp. 586,593 12,441,638 # National Western Life Group, Inc. Class A 6,708 2,257,846 #* Nationstar Mortgage Holdings, Inc. 30,257 539,482 # Navigators Group, Inc. (The) 185,310 10,562,670 # NBT Bancorp, Inc. 463,673 16,757,142 Nelnet, Inc. Class A 295,630 14,512,477 NewStar Financial, Inc. 214,069 2,341,915 * Nicholas Financial, Inc. 52,917 465,670 * NMI Holdings, Inc. Class A 231,555 2,732,349 Northeast Bancorp 493 10,600 # Northfield Bancorp, Inc. 497,069 8,345,789 Northrim BanCorp, Inc. 49,780 1,451,087 # Northwest Bancshares, Inc. 1,431,957 23,054,508 # Norwood Financial Corp. 1,963 84,095 OceanFirst Financial Corp. 322,215 8,725,582 #* Ocwen Financial Corp. 844,304 2,423,152 # OFG Bancorp 375,776 3,776,549 # Ohio Valley Banc Corp. 6,595 223,241 # Old Line Bancshares, Inc. 16,226 439,400 # Old National Bancorp 1,601,377 26,102,445 Old Second Bancorp, Inc. 66,794 791,509 OM Asset Management P.L.C. 191,131 2,880,344 * On Deck Capital, Inc. 2,276 9,787 OneBeacon Insurance Group, Ltd. Class A 247,911 4,541,730 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) #* OneMain Holdings, Inc. 14,304 $ 382,489 Oppenheimer Holdings, Inc. Class A 54,628 860,391 Opus Bank 121,130 2,882,894 # Oritani Financial Corp. 484,883 8,049,058 Orrstown Financial Services, Inc. 1,300 32,500 Pacific Continental Corp. 161,490 4,101,846 * Pacific Mercantile Bancorp 89,543 707,390 #* Pacific Premier Bancorp, Inc. 376,394 13,512,545 # Park National Corp. 81,073 8,007,580 Park Sterling Corp. 389,100 4,521,342 # Patriot National Bancorp, Inc. 310 5,053 Peapack Gladstone Financial Corp. 105,311 3,293,075 Penns Woods Bancorp, Inc. 16,812 720,394 #* PennyMac Financial Services, Inc. Class A 245,948 4,279,495 # People's Utah Bancorp 26,593 739,285 # Peoples Bancorp of North Carolina, Inc. 3,975 125,690 Peoples Bancorp, Inc. 131,804 4,296,810 * PHH Corp. 930,938 12,828,326 Pinnacle Financial Partners, Inc. 666,703 42,602,322 Piper Jaffray Cos. 65,156 4,065,734 PJT Partners, Inc. Class A 26,075 1,131,134 Popular, Inc. 436,092 18,376,917 #* PRA Group, Inc. 604,373 23,691,422 Preferred Bank 142,893 8,023,442 Premier Financial Bancorp, Inc. 36,862 700,378 # Primerica, Inc. 566,810 45,939,950 ProAssurance Corp. 729,039 45,054,610 Provident Financial Holdings, Inc. 66,843 1,270,017 Provident Financial Services, Inc. 496,547 13,168,426 Prudential Bancorp, Inc. 11,616 199,447 # Pzena Investment Management, Inc. Class A 128,737 1,358,175 # QCR Holdings, Inc. 45,088 2,071,794 Radian Group, Inc. 115,945 2,019,762 #* Regional Management Corp. 92,409 2,216,892 Renasant Corp. 486,229 20,611,247 Republic Bancorp, Inc. Class A 85,954 3,085,749 #* Republic First Bancorp, Inc. 123,858 1,102,336 Riverview Bancorp, Inc. 72,022 546,647 # RLI Corp. 479,431 27,835,764 * Royal Bancshares of Pennsylvania, Inc. Class A 16,590 71,171 S&T Bancorp, Inc. 289,156 10,953,229 * Safeguard Scientifics, Inc. 296,882 3,532,896 Safety Insurance Group, Inc. 171,964 12,200,846 Salisbury Bancorp, Inc. 2,458 103,973 # Sandy Spring Bancorp, Inc. 257,160 10,296,686 SB Financial Group, Inc. 790 13,936 * Seacoast Banking Corp. of Florida 277,100 6,475,827 * Security National Financial Corp. Class A 1,814 11,519 #* Select Bancorp, Inc. 2,400 28,416 # Selective Insurance Group, Inc. 769,631 38,981,810 # ServisFirst Bancshares, Inc. 330,307 12,003,356 Shore Bancshares, Inc. 21,934 370,465 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) SI Financial Group, Inc. 12,718 $ 196,493 Sierra Bancorp 104,520 2,863,848 # Silvercrest Asset Management Group, Inc. Class A 20,035 253,443 # Simmons First National Corp. Class A 335,811 18,318,490 #* SmartFinancial, Inc. 500 12,535 # South State Corp. 296,582 24,838,742 * Southern First Bancshares, Inc. 27,778 1,023,619 Southern Missouri Bancorp, Inc. 5,830 188,950 Southern National Bancorp of Virginia, Inc. 14,089 238,386 # Southside Bancshares, Inc. 313,894 10,901,545 Southwest Bancorp, Inc. 160,775 4,196,228 Southwest Georgia Financial Corp. 1,844 36,327 # State Auto Financial Corp. 173,929 4,485,629 # State Bank Financial Corp. 229,989 6,313,198 # State National Cos., Inc. 137,276 2,866,323 # Sterling Bancorp 2,300,957 53,152,107 Stewart Information Services Corp. 368,410 14,478,513 #* Stifel Financial Corp. 418,077 21,259,215 # Stock Yards Bancorp, Inc. 199,119 7,138,416 Stonegate Bank 98,077 4,565,484 # Summit Financial Group, Inc. 1,509 32,881 # Summit State Bank 243 3,159 Sun Bancorp, Inc. 89,138 2,170,510 * Sunshine Bancorp, Inc. 2,301 52,578 # Sussex Bancorp 12,627 303,048 TCF Financial Corp. 2,136,334 33,668,624 Territorial Bancorp, Inc. 61,140 1,842,148 #* Texas Capital Bancshares, Inc. 360,649 28,256,849 #* Third Point Reinsurance, Ltd. 27,953 406,716 Timberland Bancorp, Inc. 76,160 2,053,274 Tiptree, Inc. 302,259 2,070,474 # Tompkins Financial Corp. 142,614 11,225,148 # Towne Bank 467,710 14,639,323 Trico Bancshares 200,268 7,389,889 #* TriState Capital Holdings, Inc. 136,005 3,128,115 * Triumph Bancorp, Inc. 5,226 148,418 TrustCo Bank Corp. NY 1,111,673 9,226,886 # Trustmark Corp. 887,291 28,357,820 # UMB Financial Corp. 407,275 28,370,776 Umpqua Holdings Corp. 85,765 1,590,083 * Unico American Corp. 11,600 107,880 Union Bankshares Corp. 431,362 13,324,772 Union Bankshares, Inc. 2,252 98,750 United Bancshares, Inc. 900 20,160 # United Bankshares, Inc. 712,226 24,571,797 # United Community Banks, Inc. 893,706 24,809,279 United Community Financial Corp. 512,784 4,717,613 United Financial Bancorp, Inc. 435,903 7,885,485 United Fire Group, Inc. 144,225 6,507,432 # United Insurance Holdings Corp. 278,549 4,445,642 # United Security Bancshares 33,217 312,240 # Unity Bancorp, Inc. 14,371 265,864 # Universal Insurance Holdings, Inc. 334,069 7,967,546 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) # Univest Corp. of Pennsylvania 209,609 $ 6,393,074 # Valley National Bancorp 3,323,929 39,488,277 # Value Line, Inc. 26,515 469,050 #* Veritex Holdings, Inc. 26,029 693,673 # Virtu Financial, Inc. Class A 194,455 3,218,230 # Virtus Investment Partners, Inc. 115,153 13,565,023 # Waddell & Reed Financial, Inc. Class A 1,012,933 20,937,325 #* Walker & Dunlop, Inc. 370,241 18,604,610 # Washington Federal, Inc. 868,330 29,045,638 # Washington Trust Bancorp, Inc. 178,355 9,711,430 WashingtonFirst Bankshares, Inc. 1,868 63,960 Waterstone Financial, Inc. 176,582 3,328,571 Wayne Savings Bancshares, Inc. 2,043 35,548 # Webster Financial Corp. 446,235 23,172,984 WesBanco, Inc. 389,987 14,909,203 West Bancorporation, Inc. 114,549 2,634,627 # Westamerica Bancorporation 199,313 10,906,407 Western New England Bancorp, Inc. 186,802 1,858,680 # Westwood Holdings Group, Inc. 94,890 5,593,765 Wintrust Financial Corp. 469,818 35,381,994 # WisdomTree Investments, Inc. 1,202,438 12,553,453 #* World Acceptance Corp. 78,694 5,946,906 # WSFS Financial Corp. 294,414 13,292,792 WVS Financial Corp. 4,423 71,011 * Xenith Bankshares, Inc. 1,396 39,339 -------------- Total Financials 3,366,853,301 -------------- Health Care -- (6.8%) # Abaxis, Inc. 210,652 9,900,644 #* Accuray, Inc. 496,522 2,110,218 # Aceto Corp. 319,852 5,399,102 #* Achillion Pharmaceuticals, Inc. 333,773 1,368,469 #* Acorda Therapeutics, Inc. 490,484 10,618,979 #* Adamas Pharmaceuticals, Inc. 29,685 515,035 * Addus HomeCare Corp. 214,749 7,290,729 #* Advaxis, Inc. 4,866 31,483 * Adverum Biotechnologies, Inc. 6,500 16,575 #* Agile Therapeutics, Inc. 8,065 38,228 * Akebia Therapeutics, Inc. 1,782 23,505 * Akorn, Inc. 178,894 6,014,416 #* Albany Molecular Research, Inc. 222,186 4,830,324 #* Alder Biopharmaceuticals, Inc. 108,876 1,170,417 * Alere, Inc. 170,436 8,588,270 * Alliance HealthCare Services, Inc. 50,739 672,292 #* Allscripts Healthcare Solutions, Inc. 2,548,893 31,376,873 #* Almost Family, Inc. 187,544 9,274,051 #* AMAG Pharmaceuticals, Inc. 79,446 1,561,114 #* Amedisys, Inc. 310,020 14,682,547 * American Shared Hospital Services 10,189 38,209 #* Amicus Therapeutics, Inc. 148,383 1,921,560 #* AMN Healthcare Services, Inc. 517,918 19,111,174 #* Amphastar Pharmaceuticals, Inc. 206,810 3,573,677 Analogic Corp. 150,151 10,540,600 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) * AngioDynamics, Inc. 294,483 $ 4,785,349 #* ANI Pharmaceuticals, Inc. 145,719 7,100,887 #* Anika Therapeutics, Inc. 200,107 10,237,474 * Applied Genetic Technologies Corp. 2,200 10,450 #* Aptevo Therapeutics, Inc. 251,874 463,448 #* Aralez Pharmaceuticals, Inc. 90,122 109,048 #* Aratana Therapeutics, Inc. 141,365 954,214 * Ardelyx, Inc. 17,723 92,160 #* Assembly Biosciences, Inc. 12,557 281,402 # Atrion Corp. 10,742 6,791,092 * Auxilio, Inc. 13,560 65,359 #* Bellicum Pharmaceuticals, Inc. 30,582 323,558 #* BioScrip, Inc. 343,364 992,322 * BioSpecifics Technologies Corp. 102,487 4,985,993 #* BioTelemetry, Inc. 422,062 14,434,520 #* BioTime, Inc. 3,337 9,010 #* Bovie Medical Corp. 27,437 69,416 #* Brookdale Senior Living, Inc. 1,234,393 17,528,381 #* Cambrex Corp. 338,094 20,623,734 # Cantel Medical Corp. 420,248 31,182,402 #* Capital Senior Living Corp. 638,662 8,813,536 #* Cara Therapeutics, Inc. 42,704 599,564 #* Cascadian Therapeutics, Inc. 51,868 212,140 * Catalent, Inc. 177,860 6,171,742 * Catalyst Biosciences, Inc. 40,484 167,199 #* Celldex Therapeutics, Inc. 158,908 363,899 #* Cellular Biomedicine Group, Inc. 3,935 33,841 #* Celsion Corp. 15,617 26,549 * Cempra, Inc. 123,355 493,420 * Charles River Laboratories International, Inc. 52,095 5,115,729 # Chemed Corp. 168,025 33,184,937 * Chimerix, Inc. 303,547 1,508,629 #* Cidara Therapeutics, Inc. 1,800 12,600 #* Civitas Solutions, Inc. 29,489 526,379 #* CombiMatrix Corp. 4,610 23,280 * Community Health Systems, Inc. 113,803 813,691 # Computer Programs & Systems, Inc. 78,049 2,392,202 * Concert Pharmaceuticals, Inc. 86,516 1,248,426 # CONMED Corp. 189,785 9,739,766 #* Corcept Therapeutics, Inc. 119,574 1,491,088 * CorVel Corp. 179,589 8,539,457 #* Corvus Pharmaceuticals, Inc. 3,007 36,776 #* Cross Country Healthcare, Inc. 316,659 3,723,910 * CryoLife, Inc. 456,308 8,555,775 #* Cumberland Pharmaceuticals, Inc. 138,305 929,410 * Cutera, Inc. 91,950 2,395,297 #* Cyclacel Pharmaceuticals, Inc. 6,748 11,269 * Cytokinetics, Inc. 106,806 1,500,624 #* Depomed, Inc. 861,150 8,878,456 Digirad Corp. 125,409 514,177 * Diplomat Pharmacy, Inc. 56,311 893,656 #* Eagle Pharmaceuticals, Inc. 5,850 287,527 * Electromed, Inc. 35,357 217,799 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) #* Emergent BioSolutions, Inc. 429,693 $15,627,934 #* Enanta Pharmaceuticals, Inc. 233,098 8,883,365 #* Endo International P.L.C. 1,695,443 18,683,782 #* Endocyte, Inc. 3,082 4,376 # Ensign Group, Inc. (The) 512,685 11,468,763 #* EnteroMedics, Inc. 4,654 20,245 * Enzo Biochem, Inc. 681,215 7,391,183 #* Esperion Therapeutics, Inc. 2,300 104,167 #* Evolent Health, Inc. Class A 38,892 960,632 * Exactech, Inc. 82,524 2,405,575 #* Fate Therapeutics, Inc. 15,800 45,662 #* Five Prime Therapeutics, Inc. 226,130 6,363,298 #* Fluidigm Corp. 28,522 107,243 * FONAR Corp. 1,956 50,269 #* Fortress Biotech, Inc. 501 2,224 #* Genesis Healthcare, Inc. 62,960 90,662 #* Globus Medical, Inc. Class A 790,622 24,311,626 * Haemonetics Corp. 494,761 20,349,520 #* Halyard Health, Inc. 464,484 18,681,546 * Harvard Bioscience, Inc. 208,571 583,999 #* HealthEquity, Inc. 235,814 10,816,788 * HealthStream, Inc. 304,565 7,193,825 #* Heska Corp. 59,611 6,529,789 Hill-Rom Holdings, Inc. 110,304 8,219,854 * HMS Holdings Corp. 859,169 17,252,114 #* Horizon Pharma P.L.C. 1,850,696 22,171,338 * Icad, Inc. 4,807 18,747 #* ICU Medical, Inc. 153,717 26,423,952 #* Ignyta, Inc. 11,123 105,668 #* Immune Pharmaceuticals, Inc. 2,786 6,185 #* Impax Laboratories, Inc. 895,162 17,321,385 * INC Research Holdings, Inc. Class A 372,682 20,497,510 * Infinity Pharmaceuticals, Inc. 24,149 34,533 * InfuSystem Holdings, Inc. 8,732 16,154 #* Innoviva, Inc. 209,762 2,877,935 #* Inogen, Inc. 201,007 18,971,041 #* Inovalon Holdings, Inc. Class A 2,445 31,051 #* Insys Therapeutics, Inc. 329,164 3,772,219 #* Integer Holdings Corp. 319,518 14,633,924 #* Integra LifeSciences Holdings Corp. 674,110 33,476,303 #* Intellia Therapeutics, Inc. 28,982 488,057 #* Intra-Cellular Therapies, Inc. 120,459 1,393,711 # Invacare Corp. 339,998 5,320,969 #* InVivo Therapeutics Holdings Corp. 13,100 23,580 #* Iovance Biotherapeutics, Inc. 5,441 31,830 #* iRadimed Corp. 1,100 10,835 #* IRIDEX Corp. 50,265 472,491 #* Juniper Pharmaceuticals, Inc. 22,799 112,855 #* Juno Therapeutics, Inc. 160,292 4,557,102 * Karyopharm Therapeutics, Inc. 73,020 616,289 Kewaunee Scientific Corp. 11,435 289,305 * Kindred Biosciences, Inc. 356,049 2,599,158 # Kindred Healthcare, Inc. 1,247,756 11,167,416 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) Landauer, Inc. 122,884 $ 6,691,034 #* Lannett Co., Inc. 277,202 5,641,061 * Lantheus Holdings, Inc. 204,313 3,769,575 # LeMaitre Vascular, Inc. 375,308 13,537,360 * LHC Group, Inc. 193,354 11,195,197 #* LifePoint Health, Inc. 403,549 23,970,811 #* Ligand Pharmaceuticals, Inc. 120,062 14,516,696 #* Lipocine, Inc. 81,521 413,311 * LivaNova P.L.C. 204,165 12,441,815 # Luminex Corp. 482,427 9,855,984 #* MacroGenics, Inc. 103,228 1,705,327 * Magellan Health, Inc. 223,138 16,634,938 * Masimo Corp. 77,326 7,315,040 #* Medicines Co. (The) 30,819 1,184,991 #* MediciNova, Inc. 22,464 117,037 # Meridian Bioscience, Inc. 599,495 8,123,157 * Merit Medical Systems, Inc. 529,377 21,704,457 * Micron Solutions, Inc. 6,674 26,429 #* MiMedx Group, Inc. 3,062 45,808 * Miragen Therapeutics, Inc. 6,559 89,727 #* Mirati Therapeutics, Inc. 38,591 192,955 * Misonix, Inc. 84,964 722,194 #* Molina Healthcare, Inc. 310,744 20,757,699 #* Momenta Pharmaceuticals, Inc. 301,493 4,989,709 #* Myriad Genetics, Inc. 698,326 16,948,372 National HealthCare Corp. 50,918 3,318,326 # National Research Corp. Class A 94,280 2,771,832 # National Research Corp. Class B 14,736 743,284 #* Natus Medical, Inc. 333,409 11,735,997 #* Neogen Corp. 316,155 20,825,130 #* NeoGenomics, Inc. 208,051 1,966,082 * Neurotrope, Inc. 12,308 57,109 #* NewLink Genetics Corp. 33,685 243,206 #* Nobilis Health Corp. 2,882 3,891 #* NuVasive, Inc. 370,848 24,398,090 * Nuvectra Corp. 172,806 2,014,918 #* Omnicell, Inc. 395,963 19,639,765 #* Opko Health, Inc. 130,045 838,790 #* OraSure Technologies, Inc. 1,205,219 21,139,541 #* Orthofix International NV 225,285 9,772,863 #* Otonomy, Inc. 110,495 2,077,306 # Owens & Minor, Inc. 672,119 21,662,395 #* Pain Therapeutics, Inc. 6,279 21,411 * PAREXEL International Corp. 230,077 20,136,339 # PDL BioPharma, Inc. 722,749 1,640,640 #* Pfenex, Inc. 17,613 76,617 * PharMerica Corp. 268,015 6,740,577 Phibro Animal Health Corp. Class A 154,679 5,908,738 #* Prestige Brands Holdings, Inc. 560,019 30,033,819 #* Progenics Pharmaceuticals, Inc. 35,280 212,738 * ProPhase Labs, Inc. 15,982 33,402 #* Proteostasis Therapeutics, Inc. 3,563 10,119 * Providence Service Corp. (The) 179,628 9,258,027 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Health Care -- (Continued) Psychemedics Corp. 44,702 $ 1,142,583 #* PTC Therapeutics, Inc. 220,991 4,556,834 * Quality Systems, Inc. 671,497 11,482,599 #* Quidel Corp. 277,540 8,878,505 #* Quorum Health Corp. 143,820 490,426 * R1 RCM, Inc. 12,155 41,205 #* RadNet, Inc. 565,862 4,357,137 #* Recro Pharma, Inc. 62,023 471,995 #* Repligen Corp. 175,217 7,055,989 #* Retrophin, Inc. 342,715 6,936,552 * RTI Surgical, Inc. 623,220 3,552,354 * Sangamo Therapeutics, Inc. 83,578 718,771 * SciClone Pharmaceuticals, Inc. 538,274 5,894,100 #* SeaSpine Holdings Corp. 96,776 1,091,633 * Select Medical Holdings Corp. 1,204,042 19,505,480 # Simulations Plus, Inc. 126,764 1,876,107 #* Soligenix, Inc. 5,500 12,925 #* Sonoma Pharmaceuticals, Inc. 2,032 13,655 #* Sorrento Therapeutics, Inc. 4,995 9,740 #* Spectrum Pharmaceuticals, Inc. 913,126 6,811,920 #* Stemline Therapeutics, Inc. 40,243 370,236 #* Sucampo Pharmaceuticals, Inc. Class A 473,610 5,138,668 #* Supernus Pharmaceuticals, Inc. 475,829 19,247,283 #* Surgery Partners, Inc. 2,493 49,486 * Surmodics, Inc. 186,964 4,917,153 #* Syndax Pharmaceuticals, Inc. 3,134 37,953 #* Tenet Healthcare Corp. 750,033 13,013,073 #* Tetraphase Pharmaceuticals, Inc. 404,085 2,642,716 #* Titan Pharmaceuticals, Inc. 3,437 6,530 #* Tivity Health, Inc. 340,208 13,489,247 #* TransEnterix, Inc. 5,765 4,035 #* Trevena, Inc. 493,969 1,289,259 #* Triple-S Management Corp. Class B 181,910 2,815,967 # US Physical Therapy, Inc. 124,098 7,830,584 Utah Medical Products, Inc. 27,736 1,916,558 #* Varex Imaging Corp. 38,552 1,189,329 #* Verastem, Inc. 62,641 227,387 #* Vical, Inc. 739 1,929 #* Vital Therapies, Inc. 7,600 20,520 * Voyager Therapeutics, Inc. 34,658 285,582 #* Wright Medical Group NV 51,089 1,342,108 #* Zafgen, Inc. 100,063 338,213 #* Zogenix, Inc. 133,789 1,605,468 -------------- Total Health Care 1,337,272,874 -------------- Industrials -- (15.6%) # AAON, Inc. 503,101 17,004,814 AAR Corp. 258,082 9,652,267 ABM Industries, Inc. 684,041 30,521,909 #* Acacia Research Corp. 250,330 863,639 * ACCO Brands Corp. 971,373 11,316,495 Acme United Corp. 12,143 335,997 # Actuant Corp. Class A 581,634 14,075,543 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) # Advanced Drainage Systems, Inc. 136,008 $ 2,794,964 #* Advisory Board Co. (The) 372,794 20,951,023 * Aegion Corp. 253,185 6,061,249 * AeroCentury Corp. 2,989 38,259 #* Aerojet Rocketdyne Holdings, Inc. 685,099 16,065,572 #* Aerovironment, Inc. 376,800 14,239,272 # Air Lease Corp. 182,679 7,230,435 * Air Transport Services Group, Inc. 583,489 14,213,792 Aircastle, Ltd. 491,145 11,561,553 Alamo Group, Inc. 81,710 7,599,847 # Albany International Corp. Class A 287,973 15,406,555 # Allegiant Travel Co. 153,477 19,836,902 Allied Motion Technologies, Inc. 101,359 2,999,213 #* Alpha PRO Tech, Ltd. 20,453 70,563 Altra Industrial Motion Corp. 253,471 11,292,133 # AMERCO 30,488 11,846,417 * Ameresco, Inc. Class A 102,287 669,980 # American Railcar Industries, Inc. 111,040 4,082,941 * American Superconductor Corp. 5,712 18,221 * American Woodmark Corp. 166,327 16,324,995 * AMREP Corp. 8,340 57,379 # Apogee Enterprises, Inc. 300,647 15,660,702 Applied Industrial Technologies, Inc. 403,226 22,782,269 * ARC Document Solutions, Inc. 481,626 1,666,426 ArcBest Corp. 189,366 5,264,375 # Argan, Inc. 164,248 10,585,784 #* Armstrong Flooring, Inc. 251,983 4,374,425 #* Armstrong World Industries, Inc. 528,717 25,669,210 #* Arotech Corp. 106,504 383,414 * Art's-Way Manufacturing Co., Inc. 400 1,100 Astec Industries, Inc. 237,640 11,946,163 * Astronics Corp. 186,654 5,459,630 * Atlas Air Worldwide Holdings, Inc. 178,892 10,626,185 * Avalon Holdings Corp. Class A 41,336 93,833 #* Avis Budget Group, Inc. 390,776 12,028,085 #* Axon Enterprise, Inc. 494,950 12,170,821 # AZZ, Inc. 268,869 13,631,658 #* Babcock & Wilcox Enterprises, Inc. 614,032 6,447,336 Barnes Group, Inc. 554,456 33,367,162 # Barrett Business Services, Inc. 99,444 5,472,403 * Beacon Roofing Supply, Inc. 682,180 31,332,527 # BG Staffing, Inc. 3,426 57,077 #* Blue Bird Corp. 11,802 209,486 * BlueLinx Holdings, Inc. 43,221 451,659 #* BMC Stock Holdings, Inc. 215,180 4,733,960 Brady Corp. Class A 450,649 14,961,547 Briggs & Stratton Corp. 311,837 7,303,223 Brink's Co. (The) 471,625 36,857,494 * Broadwind Energy, Inc. 13,659 60,373 #* Builders FirstSource, Inc. 1,050,883 16,467,337 * CAI International, Inc. 141,289 3,706,010 * Casella Waste Systems, Inc. Class A 796,523 13,365,656 * CBIZ, Inc. 435,359 6,465,081 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) * CDI Corp. 205,426 $ 1,694,765 # CECO Environmental Corp. 320,767 3,098,609 # Celadon Group, Inc. 200,662 913,012 #* Cenveo, Inc. 7,578 45,468 #* Chart Industries, Inc. 535,967 18,222,878 # Chicago Bridge & Iron Co. NV 446,640 8,370,034 Chicago Rivet & Machine Co. 4,772 175,323 # CIRCOR International, Inc. 183,901 9,206,084 #* Civeo Corp. 121,947 235,358 #* Clean Harbors, Inc. 575,646 32,696,693 Columbus McKinnon Corp. 178,724 4,611,079 Comfort Systems USA, Inc. 372,873 12,416,671 * Commercial Vehicle Group, Inc. 432,546 3,797,754 CompX International, Inc. 9,814 142,303 #* Continental Building Products, Inc. 416,079 9,153,738 * Continental Materials Corp. 397 8,853 Copa Holdings SA Class A 81,152 10,181,330 # Covanta Holding Corp. 1,413,206 21,339,411 * Covenant Transportation Group, Inc. Class A 152,688 2,862,900 #* CPI Aerostructures, Inc. 85,967 816,687 CRA International, Inc. 60,270 2,339,079 * CSW Industrials, Inc. 25,508 996,087 # Cubic Corp. 268,518 12,794,883 Curtiss-Wright Corp. 172,129 16,596,678 # Deluxe Corp. 388,221 28,029,556 * DigitalGlobe, Inc. 593,318 20,706,798 DMC Global, Inc. 130,462 1,813,422 # Douglas Dynamics, Inc. 308,547 9,811,795 * Ducommun, Inc. 95,683 2,770,980 * DXP Enterprises, Inc. 280,262 8,012,691 #* Dycom Industries, Inc. 329,337 29,837,932 Eastern Co. (The) 20,021 582,611 #* Echo Global Logistics, Inc. 309,323 4,222,259 Ecology and Environment, Inc. Class A 10,494 131,175 EMCOR Group, Inc. 444,620 30,011,850 Encore Wire Corp. 161,052 7,182,919 #* Energy Focus, Inc. 15,223 33,186 EnerSys 434,285 31,385,777 * Engility Holdings, Inc. 184,515 5,382,303 Ennis, Inc. 146,556 2,821,203 # EnPro Industries, Inc. 210,805 16,236,201 # EnviroStar, Inc. 7,443 188,680 # ESCO Technologies, Inc. 210,662 12,997,845 Espey Manufacturing & Electronics Corp. 13,081 293,930 # Essendant, Inc. 369,070 4,605,994 * Esterline Technologies Corp. 279,461 26,967,986 # Exponent, Inc. 251,563 16,401,908 Federal Signal Corp. 706,459 13,069,491 Forward Air Corp. 309,429 16,037,705 * Franklin Covey Co. 140,566 2,621,556 Franklin Electric Co., Inc. 464,848 18,779,859 # FreightCar America, Inc. 128,842 2,118,162 * FTI Consulting, Inc. 415,082 13,618,840 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) #* Fuel Tech, Inc. 48,413 $ 42,119 # GATX Corp. 291,253 18,008,173 * Gencor Industries, Inc. 33,979 545,363 #* Generac Holdings, Inc. 642,481 23,110,042 # General Cable Corp. 456,427 8,809,041 #* Gibraltar Industries, Inc. 252,541 7,538,349 Global Brass & Copper Holdings, Inc. 273,129 8,753,784 #* Goldfield Corp. (The) 548,650 2,798,115 Gorman-Rupp Co. (The) 367,968 11,119,993 * GP Strategies Corp. 180,416 5,168,918 Graham Corp. 67,051 1,341,691 # Granite Construction, Inc. 486,340 23,840,387 * Great Lakes Dredge & Dock Corp. 461,377 1,822,439 # Greenbrier Cos., Inc. (The) 199,216 8,964,720 # Griffon Corp. 268,698 5,508,309 # H&E Equipment Services, Inc. 443,701 10,014,332 Hardinge, Inc. 98,869 1,196,315 * Harsco Corp. 623,390 9,631,376 #* Hawaiian Holdings, Inc. 578,979 23,969,731 * HC2 Holdings, Inc. 13,289 79,867 # Healthcare Services Group, Inc. 650,317 33,979,063 # Heartland Express, Inc. 832,530 17,591,359 Heidrick & Struggles International, Inc. 173,080 3,132,748 #* Herc Holdings, Inc. 192,494 8,735,378 * Heritage-Crystal Clean, Inc. 16,470 309,636 Herman Miller, Inc. 597,125 20,108,184 #* Hertz Global Holdings, Inc. 414,897 5,671,642 #* Hill International, Inc. 354,468 1,790,063 Hillenbrand, Inc. 610,410 21,974,760 # HNI Corp. 420,650 15,879,537 Houston Wire & Cable Co. 147,044 845,503 * Hub Group, Inc. Class A 355,219 12,095,207 Hudson Global, Inc. 120,131 160,976 #* Hudson Technologies, Inc. 804,387 6,507,491 Hurco Cos., Inc. 45,796 1,508,978 * Huron Consulting Group, Inc. 233,653 8,294,682 #* Huttig Building Products, Inc. 127,482 908,947 Hyster-Yale Materials Handling, Inc. 124,738 8,838,935 * ICF International, Inc. 151,252 6,844,153 #* IES Holdings, Inc. 231,734 3,939,478 #* InnerWorkings, Inc. 916,571 10,806,372 * Innovative Solutions & Support, Inc. 46,017 184,528 Insperity, Inc. 223,922 16,906,111 # Insteel Industries, Inc. 367,577 9,674,627 # Interface, Inc. 637,947 12,089,096 * Intersections, Inc. 93,658 411,159 ITT, Inc. 217,522 8,918,402 # John Bean Technologies Corp. 296,270 27,375,348 Kadant, Inc. 49,765 3,884,158 # Kaman Corp. 278,483 14,236,051 # KBR, Inc. 1,659,095 24,753,697 Kelly Services, Inc. Class A 243,007 5,411,766 # Kelly Services, Inc. Class B 350 7,903 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) Kennametal, Inc. 850,849 $31,396,328 * Key Technology, Inc. 20,756 296,811 #* KEYW Holding Corp. (The) 50,491 445,836 Kforce, Inc. 462,234 8,643,776 Kimball International, Inc. Class B 683,100 11,387,277 #* Kirby Corp. 71,826 4,374,203 #* KLX, Inc. 544,267 28,258,343 # Knight Transportation, Inc. 890,879 31,759,836 Knoll, Inc. 497,144 9,624,708 Korn/Ferry International 611,392 20,451,062 #* Kratos Defense & Security Solutions, Inc. 1,472,568 16,205,611 Landstar System, Inc. 317,229 26,377,591 #* Lawson Products, Inc. 83,164 1,916,930 #* Layne Christensen Co. 148,570 1,573,356 LB Foster Co. Class A 99,198 1,745,885 # Lindsay Corp. 77,342 7,089,941 LS Starrett Co. (The) Class A 32,592 260,736 # LSC Communications, Inc. 152,142 3,252,796 LSI Industries, Inc. 233,164 1,951,583 * Lydall, Inc. 127,715 6,321,893 * Manitex International, Inc. 8,718 61,636 #* Manitowoc Co., Inc. (The) 2,049,033 11,699,978 Marten Transport, Ltd. 376,106 5,998,891 * Masonite International Corp. 33,966 2,637,460 * MasTec, Inc. 740,745 34,222,419 * Mastech Digital, Inc. 4,635 43,754 # Matson, Inc. 432,256 12,189,619 Matthews International Corp. Class A 337,426 22,118,274 McGrath RentCorp 182,375 6,479,784 #* Mercury Systems, Inc. 429,552 18,861,628 #* Meritor, Inc. 1,304,954 22,549,605 #* Milacron Holdings Corp. 34,571 621,587 Miller Industries, Inc. 71,870 1,875,807 #* Mistras Group, Inc. 261,185 5,262,878 # Mobile Mini, Inc. 394,853 12,161,472 * Moog, Inc. Class A 307,856 22,879,858 * Moog, Inc. Class B 10,012 754,104 #* MRC Global, Inc. 1,189,606 19,438,162 MSA Safety, Inc. 369,638 29,630,182 Mueller Industries, Inc. 574,212 18,087,678 Mueller Water Products, Inc. Class A 1,965,741 22,802,596 # Multi-Color Corp. 162,540 13,084,470 * MYR Group, Inc. 170,326 5,418,070 National Presto Industries, Inc. 29,043 3,284,763 * Navigant Consulting, Inc. 395,362 6,693,479 #* Navistar International Corp. 418,213 12,868,414 #* NCI Building Systems, Inc. 343,407 6,181,326 * Neff Corp. Class A 82,820 1,739,220 * Nexeo Solutions, Inc. 5,752 47,914 * NL Industries, Inc. 336,149 2,621,962 NN, Inc. 257,479 7,132,168 #* Northwest Pipe Co. 127,908 1,932,690 #* NOW, Inc. 1,249,347 19,902,098 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) #* NV5 Global, Inc. 85,556 $ 3,554,852 # Omega Flex, Inc. 32,661 1,960,966 * On Assignment, Inc. 542,227 26,704,680 #* Orion Energy Systems, Inc. 91,835 106,529 #* Orion Group Holdings, Inc. 196,914 1,382,336 * PAM Transportation Services, Inc. 28,268 495,538 Park-Ohio Holdings Corp. 101,264 4,025,244 #* Patrick Industries, Inc. 156,255 11,891,006 * Patriot Transportation Holding, Inc. 12,982 259,705 * Pendrell Corp. 22,614 157,846 * Performant Financial Corp. 273,626 547,252 * Perma-Pipe International Holdings, Inc. 39,691 313,559 #* PGT Innovations, Inc. 898,371 11,678,823 # Pitney Bowes, Inc. 1,112,515 17,510,986 * Ply Gem Holdings, Inc. 294,388 5,151,790 Powell Industries, Inc. 81,420 2,593,227 #* Power Solutions International, Inc. 3,235 32,350 Preformed Line Products Co. 22,609 1,101,510 Primoris Services Corp. 492,329 12,268,839 #* Proto Labs, Inc. 211,435 15,625,046 # Quad/Graphics, Inc. 176,129 3,955,857 # Quanex Building Products Corp. 341,409 7,340,294 * Radiant Logistics, Inc. 270,020 1,169,187 Raven Industries, Inc. 351,316 12,085,270 #* RBC Bearings, Inc. 251,457 25,985,566 * RCM Technologies, Inc. 144,218 767,240 Regal Beloit Corp. 240,281 20,027,421 Resources Connection, Inc. 348,284 4,649,591 #* Revolution Lighting Technologies, Inc. 1,600 11,824 #* Rexnord Corp. 1,019,505 23,611,736 * Roadrunner Transportation Systems, Inc. 237,022 1,654,414 * RPX Corp. 400,635 5,476,680 # RR Donnelley & Sons Co. 95,821 1,184,348 * Rush Enterprises, Inc. Class A 198,731 8,571,268 * Rush Enterprises, Inc. Class B 49,400 2,009,592 Ryder System, Inc. 38,852 2,826,872 * Saia, Inc. 226,990 12,336,906 Servotronics, Inc. 1,500 14,234 * SIFCO Industries, Inc. 18,366 123,052 # Simpson Manufacturing Co., Inc. 480,682 21,289,406 #* Sino-Global Shipping America, Ltd. 60,808 179,992 SkyWest, Inc. 312,718 11,414,207 * SP Plus Corp. 210,320 6,877,464 * Sparton Corp. 134,790 3,108,257 # Spartan Motors, Inc. 368,198 3,258,552 * Spirit Airlines, Inc. 117,980 4,583,523 #* SPX Corp. 233,852 6,435,607 * SPX FLOW, Inc. 354,310 12,563,833 Standex International Corp. 130,386 12,510,537 Steelcase, Inc. Class A 868,208 11,851,039 * Sterling Construction Co., Inc. 367,007 4,690,349 # Sun Hydraulics Corp. 251,310 10,394,182 # Supreme Industries, Inc. Class A 279,044 4,196,822 #* Swift Transportation Co. 826,621 21,078,835 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Industrials -- (Continued) * Taylor Devices, Inc. 769 $ 10,135 #* Team, Inc. 276,924 3,973,859 #* Tel-Instrument Electronics Corp. 8,400 31,500 # Tennant Co. 172,264 13,014,545 Terex Corp. 1,191,077 46,892,701 Tetra Tech, Inc. 668,920 31,740,254 Textainer Group Holdings, Ltd. 234,453 3,798,139 #* Thermon Group Holdings, Inc. 365,564 6,532,629 # Timken Co. (The) 630,880 28,705,040 # Titan International, Inc. 733,225 9,348,619 * Titan Machinery, Inc. 141,797 2,531,076 * Transcat, Inc. 5,600 72,800 #* Trex Co., Inc. 298,796 22,472,447 * TriMas Corp. 412,401 10,041,964 * TriNet Group, Inc. 283,810 9,933,350 Triton International, Ltd. 263,599 9,505,380 # Triumph Group, Inc. 506,447 12,965,043 * TrueBlue, Inc. 432,690 11,055,230 #* Tutor Perini Corp. 352,234 9,369,424 * Twin Disc, Inc. 91,764 1,552,647 * Ultralife Corp. 88,890 613,341 UniFirst Corp. 179,908 25,591,913 Universal Forest Products, Inc. 178,204 14,942,405 # Universal Logistics Holdings, Inc. 84,295 1,226,492 # US Ecology, Inc. 212,462 11,026,778 #* USA Truck, Inc. 76,724 710,464 Valmont Industries, Inc. 238,545 36,425,821 * Vectrus, Inc. 130,037 4,422,558 * Veritiv Corp. 20,289 753,736 * Versar, Inc. 38,480 45,022 # Viad Corp. 151,170 8,095,154 #* Vicor Corp. 106,964 1,898,611 #* Virco Manufacturing Corp. 30,131 164,214 #* Volt Information Sciences, Inc. 137,838 503,109 # VSE Corp. 42,434 2,200,203 # Wabash National Corp. 751,453 14,337,723 Watsco, Inc. Class B 10,490 1,597,155 Watts Water Technologies, Inc. Class A 272,095 17,522,918 #* Welbilt, Inc. 1,822,517 35,520,856 # Werner Enterprises, Inc. 963,865 28,578,597 #* Wesco Aircraft Holdings, Inc. 733,493 7,958,399 * WESCO International, Inc. 544,795 27,920,744 West Corp. 683,286 15,968,394 #* Willdan Group, Inc. 183,679 6,173,451 * Willis Lease Finance Corp. 26,350 666,128 # Woodward, Inc. 38,727 2,708,566 #* Xerium Technologies, Inc. 74,951 544,894 #* YRC Worldwide, Inc. 675,570 8,978,325 -------------- Total Industrials 3,047,020,875 -------------- Information Technology -- (12.6%) #* Acacia Communications, Inc. 18,010 788,298 #* ACI Worldwide, Inc. 1,130,914 26,203,277 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* Actua Corp. 567,878 $ 7,666,353 * Acxiom Corp. 789,802 21,300,960 ADTRAN, Inc. 582,051 13,649,096 * Advanced Energy Industries, Inc. 443,745 32,193,700 * Agilysys, Inc. 250,338 2,518,400 * Alpha & Omega Semiconductor, Ltd. 221,447 3,919,612 #* Ambarella, Inc. 48,399 2,422,370 American Software, Inc. Class A 283,369 2,748,679 * Amkor Technology, Inc. 2,398,242 24,869,770 * Amtech Systems, Inc. 89,471 790,029 #* Angie's List, Inc. 186,157 2,230,161 * Anixter International, Inc. 314,266 24,748,447 #* Applied Optoelectronics, Inc. 63,207 6,162,050 #* ARI Network Services, Inc. 2,309 16,267 * Aspen Technology, Inc. 40,407 2,297,946 AstroNova, Inc. 30,318 418,388 #* Asure Software, Inc. 65,659 861,446 #* Autobytel, Inc. 58,232 641,134 * Aviat Networks, Inc. 18,467 347,364 #* Avid Technology, Inc. 766,448 3,947,207 AVX Corp. 336,375 6,011,021 * Aware, Inc. 122,298 562,571 * Axcelis Technologies, Inc. 470,538 10,445,944 * AXT, Inc. 406,556 3,557,365 # Badger Meter, Inc. 279,477 12,646,334 * Bankrate, Inc. 436,052 6,061,123 * Barracuda Networks, Inc. 549,012 12,336,300 * Bazaarvoice, Inc. 800,770 3,763,619 Bel Fuse, Inc. Class A 8,954 194,302 Bel Fuse, Inc. Class B 120,974 3,054,593 Belden, Inc. 474,169 34,111,718 * Benchmark Electronics, Inc. 238,496 8,025,390 # Black Box Corp. 293,913 2,321,913 # Blackbaud, Inc. 350,084 32,326,757 #* Blackhawk Network Holdings, Inc. 575,742 25,131,138 #* Blucora, Inc. 304,434 6,819,322 #* Bottomline Technologies de, Inc. 221,662 6,312,934 #* BroadVision, Inc. 18,154 75,339 Brooks Automation, Inc. 521,594 12,810,349 * BSQUARE Corp. 129,287 736,936 Cabot Microelectronics Corp. 244,191 18,106,763 * CACI International, Inc. Class A 219,938 27,514,244 #* CalAmp Corp. 703,464 13,436,162 * Calix, Inc. 761,705 5,217,679 #* Carbonite, Inc. 518,649 12,240,116 #* Cardtronics P.L.C. Class A 432,340 13,532,242 #* Cars.com, Inc. 182,344 4,430,959 Cass Information Systems, Inc. 89,299 5,890,162 #* Ceva, Inc. 166,167 7,685,224 #* Ciena Corp. 1,030,815 26,543,486 #* Cimpress NV 314,031 27,710,095 #* Cirrus Logic, Inc. 461,758 28,370,412 * Clearfield, Inc. 111,958 1,287,517 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * Coherent, Inc. 211,164 $55,958,460 Cohu, Inc. 213,618 3,892,120 #* CommerceHub, Inc. Series A 68,159 1,243,220 Communications Systems, Inc. 32,263 138,731 Computer Task Group, Inc. 158,531 875,091 #* comScore, Inc. 740 22,216 # Comtech Telecommunications Corp. 200,011 3,600,198 Concurrent Computer Corp. 48,574 327,389 * Conduent, Inc. 1,235,673 20,400,961 #* Control4 Corp. 321,717 7,351,233 Convergys Corp. 685,884 16,440,639 * CoreLogic, Inc. 342,293 15,591,446 # CPI Card Group, Inc. 31,589 93,188 * Cray, Inc. 381,511 7,859,127 #* Cree, Inc. 1,079,907 27,980,390 CSG Systems International, Inc. 313,533 12,964,590 CSP, Inc. 11,984 122,956 CTS Corp. 218,641 4,810,102 #* CUI Global, Inc. 13,823 44,372 #* CVD Equipment Corp. 8,212 91,974 #* CyberOptics Corp. 149,213 2,462,015 # Daktronics, Inc. 598,206 5,850,455 * DASAN Zhone Solutions, Inc. 3,655 26,170 #* Data I/O Corp. 77,316 607,704 * Datawatch Corp. 12,178 138,220 * Determine, Inc. 10,332 21,387 #* DHI Group, Inc. 716,765 1,576,883 # Diebold Nixdorf, Inc. 493,640 11,551,176 * Digi International, Inc. 143,412 1,498,655 * Diodes, Inc. 456,727 12,116,967 * DSP Group, Inc. 156,554 1,972,580 #* Eastman Kodak Co. 141,551 1,344,735 # Ebix, Inc. 166,210 9,598,627 * Edgewater Technology, Inc. 45,468 322,368 * Electro Scientific Industries, Inc. 546,894 4,730,633 #* Electronics for Imaging, Inc. 483,742 23,500,186 #* Ellie Mae, Inc. 67,294 5,869,383 #* eMagin Corp. 54,499 141,697 # Emcore Corp. 190,933 2,214,823 * Endurance International Group Holdings, Inc. 5,294 48,970 * EnerNOC, Inc. 424,982 3,251,112 * Entegris, Inc. 1,400,987 36,565,761 #* Envestnet, Inc. 111,519 4,354,817 * ePlus, Inc. 55,294 4,473,285 * Everi Holdings, Inc. 840,838 6,272,651 * Evolving Systems, Inc. 9,500 46,550 #* Exa Corp. 13,370 188,918 * ExlService Holdings, Inc. 330,047 18,994,205 * Extreme Networks, Inc. 890,846 7,830,536 #* Fabrinet 410,719 18,486,462 # Fair Isaac Corp. 149,572 21,321,489 #* FARO Technologies, Inc. 167,353 6,610,443 #* Finisar Corp. 1,211,646 32,981,004 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* Finjan Holdings, Inc. 153,170 $ 480,954 #* First Solar, Inc. 101,574 5,008,614 #* Fitbit, Inc. Class A 141,307 729,144 * FormFactor, Inc. 848,055 11,109,520 Forrester Research, Inc. 185,155 7,554,324 * Frequency Electronics, Inc. 47,309 406,857 GlobalSCAPE, Inc. 67,616 344,842 #* Globant SA 19,862 913,056 * Glu Mobile, Inc. 79,505 217,049 #* GrubHub, Inc. 85,737 3,955,048 #* GSE Systems, Inc. 72,970 204,316 #* GSI Technology, Inc. 123,326 895,347 #* GTT Communications, Inc. 479,281 14,642,035 Hackett Group, Inc. (The) 554,431 9,103,757 #* Harmonic, Inc. 1,756,238 7,200,576 * ID Systems, Inc. 38,571 263,440 #* IEC Electronics Corp. 24,655 96,894 * II-VI, Inc. 524,596 19,987,108 #* Image Sensing Systems, Inc. 27,942 100,591 #* Immersion Corp. 65,022 555,288 #* Infinera Corp. 1,234,101 14,476,005 * Innodata, Inc. 84,032 142,854 #* Inphi Corp. 118,974 4,568,602 #* Inseego Corp. 151,129 178,332 * Insight Enterprises, Inc. 276,301 11,195,717 #* Integrated Device Technology, Inc. 1,356,144 35,449,604 * Intelligent Systems Corp. 32,937 120,220 # InterDigital, Inc. 340,815 24,828,373 #* Internap Corp. 663,551 2,521,494 * inTEST Corp. 62,777 546,160 * Intevac, Inc. 146,549 1,663,331 #* IntriCon Corp. 21,812 163,590 #* Inuvo, Inc. 106,293 114,563 * iPass, Inc. 456,004 556,325 * Iteris, Inc. 24,274 152,683 * Itron, Inc. 390,771 28,526,283 IXYS Corp. 290,661 5,057,501 # j2 Global, Inc. 186,332 15,769,277 * Kemet Corp. 918,618 15,478,713 * Key Tronic Corp. 55,537 403,754 * Kimball Electronics, Inc. 180,376 3,508,313 #* Knowles Corp. 399,435 6,051,440 #* Kopin Corp. 617,893 2,347,993 * Kulicke & Soffa Industries, Inc. 541,046 11,654,131 #* KVH Industries, Inc. 139,682 1,522,534 * Lantronix, Inc. 10,600 23,638 #* Lattice Semiconductor Corp. 1,168,926 8,135,725 #* Leaf Group, Ltd. 298,162 2,251,123 * LGL Group, Inc. (The) 7,103 32,461 * Lightpath Technologies, Inc. Class A 108,706 280,461 * Limelight Networks, Inc. 1,378,364 4,714,005 * Liquidity Services, Inc. 200,437 1,362,972 # Littelfuse, Inc. 203,140 36,601,765 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) #* Lumentum Holdings, Inc. 473,872 $29,664,387 #* Luxoft Holding, Inc. 50,180 3,158,831 #* MACOM Technology Solutions Holdings, Inc. 23,512 1,423,652 #* MagnaChip Semiconductor Corp. 117,697 1,282,897 #* Manhattan Associates, Inc. 150,334 6,644,763 ManTech International Corp. Class A 215,587 8,563,116 * Marchex, Inc. Class B 290,213 841,618 MAXIMUS, Inc. 56,735 3,424,525 #* MaxLinear, Inc. 554,117 14,517,865 #* Maxwell Technologies, Inc. 277,117 1,621,134 #* Meet Group, Inc.(The) 1,219,049 6,119,626 # Mesa Laboratories, Inc. 38,481 5,561,659 # Methode Electronics, Inc. 376,237 14,955,421 * MicroStrategy, Inc. Class A 92,446 12,434,911 MKS Instruments, Inc. 528,185 44,182,675 #* ModusLink Global Solutions, Inc. 334,723 562,335 #* MoneyGram International, Inc. 190,557 3,109,890 # Monolithic Power Systems, Inc. 51,111 5,229,678 # Monotype Imaging Holdings, Inc. 373,620 7,042,737 * MoSys, Inc. 11,936 14,204 * MRV Communications, Inc. 36,930 367,454 # MTS Systems Corp. 143,804 7,578,471 * Nanometrics, Inc. 378,033 10,074,579 * Napco Security Technologies, Inc. 233,037 2,132,289 * NCI, Inc. Class A 66,290 1,322,486 #* NeoPhotonics Corp. 860,648 6,945,429 #* NETGEAR, Inc. 378,424 18,126,510 #* Netscout Systems, Inc. 599,987 20,699,551 * NetSol Technologies, Inc. 3,101 13,722 Network-1 Technologies, Inc. 36,026 154,912 # NIC, Inc. 652,062 10,596,007 #* Novanta, Inc. 166,397 6,140,049 #* Numerex Corp. Class A 57,539 272,447 # NVE Corp. 26,051 2,054,903 #* Oclaro, Inc. 775,499 7,584,380 #* Onvia, Inc. 2,306 10,377 * Optical Cable Corp. 26,264 59,094 #* OSI Systems, Inc. 220,746 17,653,058 * PAR Technology Corp. 72,350 648,256 # Park Electrochemical Corp. 213,371 4,009,241 #* Paycom Software, Inc. 430,874 30,199,959 PC Connection, Inc. 59,540 1,536,132 PC-Tel, Inc. 68,200 484,902 * PCM, Inc. 129,715 1,605,223 #* PDF Solutions, Inc. 393,496 6,315,611 # Pegasystems, Inc. 680,291 41,123,591 * Perceptron, Inc. 103,248 749,580 * Perficient, Inc. 360,477 6,776,968 * PFSweb, Inc. 212,013 1,657,942 * Photronics, Inc. 504,192 5,067,130 * Pixelworks, Inc. 21,685 100,618 #* Planet Payment, Inc. 497,297 1,611,242 Plantronics, Inc. 331,533 14,978,661 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * Plexus Corp. 367,250 $19,688,272 Power Integrations, Inc. 280,158 19,793,163 * PRGX Global, Inc. 170,376 1,064,850 #* Professional Diversity Network, Inc. 9,253 48,578 Progress Software Corp. 506,828 16,223,564 QAD, Inc. Class A 123,896 3,884,140 QAD, Inc. Class B 15,510 402,329 #* Qualstar Corp. 4,300 31,648 #* Qualys, Inc. 188,741 7,577,951 * Quantum Corp. 33,518 271,496 * QuinStreet, Inc. 272,039 1,058,232 #* Qumu Corp. 38,807 100,510 #* Radisys Corp. 417,109 1,017,746 #* Rambus, Inc. 1,081,969 13,946,580 #* RealNetworks, Inc. 293,999 1,278,896 #* RealPage, Inc. 231,289 8,962,449 Reis, Inc. 122,208 2,615,251 # Relm Wireless Corp. 30,643 108,783 # RF Industries, Ltd. 33,990 62,882 Richardson Electronics, Ltd. 80,502 471,742 #* Rocket Fuel, Inc. 5,395 14,027 * Rogers Corp. 186,708 22,025,943 * Rosetta Stone, Inc. 54,654 566,215 * Rubicon Project, Inc. (The) 134,683 633,010 * Rudolph Technologies, Inc. 345,671 8,555,357 * Sanmina Corp. 732,580 26,262,993 #* Sapiens International Corp. NV 7,867 93,853 * ScanSource, Inc. 225,832 8,942,947 Science Applications International Corp. 407,562 28,696,440 #* Seachange International, Inc. 364,490 1,035,152 * Semtech Corp. 664,889 26,329,604 #* ServiceSource International, Inc. 210,231 798,878 #* Sevcon, Inc. 7,783 170,059 * ShoreTel, Inc. 878,652 6,545,957 #* Shutterstock, Inc. 115,512 4,867,676 #* Sigma Designs, Inc. 414,037 2,691,241 * Sigmatron International, Inc. 2,200 18,392 #* Silicon Laboratories, Inc. 421,780 31,675,678 #* Silver Spring Networks, Inc. 231,785 2,621,488 * SMTC Corp. 9,870 12,041 #* SolarEdge Technologies, Inc. 18,705 429,280 #* Sonic Foundry, Inc. 9,010 32,706 * Sonus Networks, Inc. 601,241 4,106,476 #* Sphere 3D Corp. 12,857 65,571 #* Stamps.com, Inc. 90,146 13,350,623 * StarTek, Inc. 121,549 1,495,053 * Stratasys, Ltd. 72,230 1,732,798 #* SunPower Corp. 368,323 4,103,118 #* Super Micro Computer, Inc. 500,329 13,433,834 * Support.com, Inc. 4,802 11,189 * Sykes Enterprises, Inc. 427,702 14,541,868 #* Synaptics, Inc. 366,561 19,284,774 #* Synchronoss Technologies, Inc. 482,239 8,140,194 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Information Technology -- (Continued) SYNNEX Corp. 57,387 $ 6,824,462 # Syntel, Inc. 281,790 5,492,087 # Systemax, Inc. 143,896 2,607,396 #* Tech Data Corp. 216,335 22,152,704 #* TechTarget, Inc. 145,787 1,398,097 * Telenav, Inc. 317,169 2,378,768 TeleTech Holdings, Inc. 442,929 18,514,432 Tessco Technologies, Inc. 51,252 684,214 TiVo Corp. 1,360,324 26,662,350 TransAct Technologies, Inc. 44,457 393,444 Travelport Worldwide, Ltd. 1,195,551 17,096,379 #* Travelzoo 84,534 887,607 #* Tremor Video, Inc. 20,770 43,409 * Trio-Tech International 3,256 15,271 #* TTM Technologies, Inc. 904,281 15,716,404 #* Ubiquiti Networks, Inc. 317,096 17,281,732 * Ultra Clean Holdings, Inc. 416,917 9,776,704 #* Unisys Corp. 343,186 4,392,781 # Universal Display Corp. 21,815 2,630,889 #* VASCO Data Security International, Inc. 204,666 2,762,991 #* Veeco Instruments, Inc. 641,532 19,759,186 #* VeriFone Systems, Inc. 934,310 18,228,388 * Verint Systems, Inc. 422,823 16,764,932 Versum Materials, Inc. 466,184 16,437,648 #* ViaSat, Inc. 291,238 19,247,919 #* Viavi Solutions, Inc. 1,246,287 13,671,768 #* Virtusa Corp. 393,476 13,043,729 # Vishay Intertechnology, Inc. 1,012,736 18,077,338 * Vishay Precision Group, Inc. 88,723 1,552,653 Wayside Technology Group, Inc. 14,899 256,263 #* Web.com Group, Inc. 486,210 10,672,309 #* WebMD Health Corp. 359,774 23,835,027 * Wireless Telecom Group, Inc. 56,922 84,245 * Xcerra Corp. 380,821 3,697,772 * XO Group, Inc. 318,920 5,829,858 # Xperi Corp. 504,110 14,745,217 YuMe, Inc. 44,135 191,546 * Zedge, Inc. Class B 61,305 126,901 #* Zix Corp. 902,284 4,809,174 * Zynga, Inc. Class A 10,362,409 37,408,296 -------------- Total Information Technology 2,458,011,440 -------------- Materials -- (4.3%) A Schulman, Inc. 254,232 6,686,302 # Advanced Emissions Solutions, Inc. 2,122 22,812 #* AdvanSix, Inc. 27,182 910,053 * AgroFresh Solutions, Inc. 4,000 31,200 #* AK Steel Holding Corp. 3,046,162 17,241,277 # Allegheny Technologies, Inc. 99,904 1,892,182 American Vanguard Corp. 287,523 5,089,157 # Ampco-Pittsburgh Corp. 77,851 1,124,947 # Balchem Corp. 305,678 23,720,613 #* BioAmber, Inc. 4,844 9,833 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Materials -- (Continued) #* Boise Cascade Co. 413,391 $12,546,417 Cabot Corp. 349,029 18,962,746 # Calgon Carbon Corp. 526,454 8,423,264 # Carpenter Technology Corp. 395,392 15,985,699 #* Century Aluminum Co. 905,300 15,190,934 Chase Corp. 57,701 6,234,593 #* Clearwater Paper Corp. 184,038 9,045,468 #* Cliffs Natural Resources, Inc. 3,272,193 25,261,330 #* Coeur Mining, Inc. 823,289 6,816,833 Commercial Metals Co. 959,942 17,854,921 # Compass Minerals International, Inc. 344,162 23,764,386 * Core Molding Technologies, Inc. 58,140 1,108,730 # Deltic Timber Corp. 113,027 8,152,638 Domtar Corp. 602,938 23,550,758 * Ferro Corp. 817,867 15,735,761 Ferroglobe P.L.C. 819,872 10,477,964 #* Flotek Industries, Inc. 304,029 2,559,924 Friedman Industries, Inc. 60,304 326,848 FutureFuel Corp. 267,044 3,888,161 #* GCP Applied Technologies, Inc. 400,625 12,138,937 # Gold Resource Corp. 218,521 926,529 # Greif, Inc. Class A 254,540 14,277,149 # Greif, Inc. Class B 4,655 278,834 #* Handy & Harman, Ltd. 7,462 246,992 Hawkins, Inc. 83,399 3,748,785 Haynes International, Inc. 108,668 3,399,135 # HB Fuller Co. 514,290 26,496,221 Hecla Mining Co. 4,986,343 26,976,116 * Ingevity Corp. 12,592 736,632 Innophos Holdings, Inc. 195,034 8,146,570 Innospec, Inc. 269,182 16,796,957 #* Intrepid Potash, Inc. 241,419 731,500 # Kaiser Aluminum Corp. 156,943 15,268,984 KapStone Paper and Packaging Corp. 1,018,165 23,275,252 # KMG Chemicals, Inc. 222,667 11,271,404 * Koppers Holdings, Inc. 188,398 6,838,847 #* Kraton Corp. 293,593 10,921,660 # Kronos Worldwide, Inc. 269,877 5,753,778 * Louisiana-Pacific Corp. 1,719,416 43,174,536 #* LSB Industries, Inc. 196,118 1,388,515 # Materion Corp. 170,677 6,562,531 # McEwen Mining, Inc. 113,975 297,475 Mercer International, Inc. 447,709 4,924,799 Minerals Technologies, Inc. 366,319 25,935,385 Myers Industries, Inc. 503,974 8,567,558 # Neenah Paper, Inc. 165,567 13,228,803 * Northern Technologies International Corp. 17,945 327,496 # Olympic Steel, Inc. 82,635 1,412,232 * OMNOVA Solutions, Inc. 785,561 7,384,273 PH Glatfelter Co. 220,326 4,510,073 PolyOne Corp. 822,174 30,075,125 Quaker Chemical Corp. 130,901 18,570,925 # Rayonier Advanced Materials, Inc. 705,249 10,515,263 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) #* Real Industry, Inc. 56,278 $ 166,020 #* Resolute Forest Products, Inc. 193,605 900,263 #* Ryerson Holding Corp. 369,049 3,192,274 # Schnitzer Steel Industries, Inc. Class A 297,687 7,680,325 Schweitzer-Mauduit International, Inc. 309,717 11,899,327 Sensient Technologies Corp. 369,095 27,445,904 # Silgan Holdings, Inc. 335,556 10,167,347 Stepan Co. 220,814 18,144,286 #* Summit Materials, Inc. Class A 261,219 7,429,068 * SunCoke Energy, Inc. 623,794 5,582,956 * Synalloy Corp. 39,185 442,790 #* TimkenSteel Corp. 778,578 12,371,604 #* Trecora Resources 135,646 1,566,711 Tredegar Corp. 164,132 2,478,393 Trinseo SA 312,238 21,950,331 # Tronox, Ltd. Class A 752,890 14,591,008 * UFP Technologies, Inc. 6,280 181,178 United States Lime & Minerals, Inc. 29,663 2,409,229 # United States Steel Corp. 8,961 210,494 * Universal Stainless & Alloy Products, Inc. 46,894 890,986 #* US Concrete, Inc. 153,035 11,990,292 Valhi, Inc. 36,955 118,626 # Worthington Industries, Inc. 634,818 32,166,228 ------------ Total Materials 841,696,662 ------------ Real Estate -- (0.5%) Alexander & Baldwin, Inc. 565,821 23,724,875 #* Altisource Asset Management Corp. 10,475 963,700 #* Altisource Portfolio Solutions SA 140,186 3,657,453 CKX Lands, Inc. 5,107 58,475 # Consolidated-Tomoka Land Co. 22,826 1,265,473 * Forestar Group, Inc. 349,598 5,995,606 #* FRP Holdings, Inc. 88,473 4,083,029 Griffin Industrial Realty, Inc. 20,910 673,093 # HFF, Inc. Class A 402,364 14,774,806 #* InterGroup Corp. (The) 1,860 48,174 * JW Mays, Inc. 200 7,580 # Kennedy-Wilson Holdings, Inc. 1,116,874 22,449,167 #* Marcus & Millichap, Inc. 224,091 5,736,730 * Maui Land & Pineapple Co., Inc. 44,243 767,616 # RE/MAX Holdings, Inc. Class A 146,493 8,518,568 # RMR Group, Inc. (The) Class A 30,347 1,482,451 #* St Joe Co. (The) 175,285 3,163,894 # Stratus Properties, Inc. 33,249 952,584 #* Tejon Ranch Co. 167,344 3,510,877 * Trinity Place Holdings, Inc. 28,897 200,834 ------------ Total Real Estate 102,034,985 ------------ Telecommunication Services -- (0.9%) * Alaska Communications Systems Group, Inc. 104,072 234,162 # ATN International, Inc. 124,890 7,243,620 * Boingo Wireless, Inc. 780,851 11,580,020 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Telecommunication Services -- (Continued) #* Cincinnati Bell, Inc. 522,594 $ 9,746,378 # Cogent Communications Holdings, Inc. 666,174 27,812,765 # Consolidated Communications Holdings, Inc. 516,518 9,297,324 #* General Communication, Inc. Class A 407,832 17,402,191 * Hawaiian Telcom Holdco, Inc. 16,064 469,711 # IDT Corp. Class B 406,061 6,013,763 #* Iridium Communications, Inc. 187,869 1,869,297 * Lumos Networks Corp. 246,728 4,418,899 #* ORBCOMM, Inc. 1,002,515 11,639,199 # Shenandoah Telecommunications Co. 523,621 16,101,346 # Spok Holdings, Inc. 194,468 3,189,275 #* Straight Path Communications, Inc. Class B 28,721 5,152,547 Telephone & Data Systems, Inc. 990,733 28,166,539 * United States Cellular Corp. 90,182 3,416,094 #* Vonage Holdings Corp. 1,812,667 11,981,729 # Windstream Holdings, Inc. 921,502 3,492,493 ------------ Total Telecommunication Services 179,227,352 ------------ Utilities -- (3.4%) # ALLETE, Inc. 475,697 34,854,319 # American States Water Co. 369,830 18,288,093 Artesian Resources Corp. Class A 78,237 3,042,637 * Atlantic Power Corp. 249,339 573,480 # Atlantica Yield PLC 46,003 994,125 # Avista Corp. 633,808 33,344,639 # Black Hills Corp. 494,181 34,424,648 # California Water Service Group 467,062 18,168,712 # Chesapeake Utilities Corp. 145,834 11,265,677 # Connecticut Water Service, Inc. 149,593 8,523,809 Consolidated Water Co., Ltd. 45,451 586,318 # Delta Natural Gas Co., Inc. 19,300 587,299 #* Dynegy, Inc. 1,274,265 11,442,900 El Paso Electric Co. 402,625 20,896,237 Gas Natural, Inc. 57,002 738,176 # Genie Energy, Ltd. Class B 176,455 1,169,897 # Hawaiian Electric Industries, Inc. 369,856 12,201,549 # IDACORP, Inc. 197,951 17,095,048 # MGE Energy, Inc. 336,702 22,407,518 # Middlesex Water Co. 202,798 7,957,794 # New Jersey Resources Corp. 810,170 34,148,665 # Northwest Natural Gas Co. 283,553 17,892,194 # NorthWestern Corp. 506,813 29,288,723 # NRG Yield, Inc. Class A 323,835 5,903,512 # NRG Yield, Inc. Class C 578,794 10,765,568 ONE Gas, Inc. 401,802 29,243,150 # Ormat Technologies, Inc. 457,854 27,150,742 # Otter Tail Corp. 365,802 14,796,691 # Pattern Energy Group, Inc. 770,816 19,347,482 # PNM Resources, Inc. 819,443 32,654,804 Portland General Electric Co. 497,259 22,222,505 # RGC Resources, Inc. 12,499 335,598 SJW Corp. 196,803 10,404,975 # South Jersey Industries, Inc. 764,317 25,963,848 U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ----------- --------------- Utilities -- (Continued) Southwest Gas Holdings, Inc. 428,268 $ 34,304,267 # Spark Energy, Inc. Class A 98,520 2,049,216 # Spire, Inc. 455,815 33,092,169 Unitil Corp. 187,817 9,531,713 #* US Geothermal, Inc. 2,900 12,789 # WGL Holdings, Inc. 421,322 36,115,722 # York Water Co. (The) 133,649 4,650,985 --------------- Total Utilities 658,438,193 --------------- TOTAL COMMON STOCKS 15,815,739,947 --------------- TOTAL INVESTMENT SECURITIES 15,815,739,947 --------------- TEMPORARY CASH INVESTMENTS -- (0.9%) State Street Institutional U.S. Government Money Market Fund, 0.940% 183,947,465 183,947,465 --------------- SECURITIES LENDING COLLATERAL -- (18.3%) (S)@ DFA Short Term Investment Fund 308,229,234 3,566,828,701 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $16,103,963,376)^^ $19,566,516,113 =============== U.S. SMALL CAP PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- -------------- ------- --------------- Common Stocks Consumer Discretionary $ 2,516,009,864 $ 604,219 -- $ 2,516,614,083 Consumer Staples 655,915,246 -- -- 655,915,246 Energy 652,650,467 4,469 -- 652,654,936 Financials 3,366,853,301 -- -- 3,366,853,301 Health Care 1,337,272,874 -- -- 1,337,272,874 Industrials 3,047,020,875 -- -- 3,047,020,875 Information Technology 2,458,011,440 -- -- 2,458,011,440 Materials 841,696,662 -- -- 841,696,662 Real Estate 102,034,985 -- -- 102,034,985 Telecommunication Services 179,227,352 -- -- 179,227,352 Utilities 658,438,193 -- -- 658,438,193 Temporary Cash Investments 183,947,465 -- -- 183,947,465 Securities Lending Collateral -- 3,566,828,701 -- 3,566,828,701 Futures Contracts** 1,706,467 -- -- 1,706,467 --------------- -------------- -- --------------- TOTAL $16,000,785,191 $3,567,437,389 -- $19,568,222,580 =============== ============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. U.S. MICRO CAP PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ----------- COMMON STOCKS -- (85.9%) Consumer Discretionary -- (13.0%) #* 1-800-Flowers.com, Inc. Class A 380,291 $ 3,669,808 A.H. Belo Corp. Class A 241,510 1,280,003 # Abercrombie & Fitch Co. Class A 302,315 2,974,780 # Adtalem Global Education, Inc. 43 1,398 AMCON Distributing Co. 5,890 571,036 #* America's Car-Mart, Inc. 104,663 4,102,790 #* American Axle & Manufacturing Holdings, Inc. 818,723 12,067,977 #* American Outdoor Brands Corp. 524,678 10,845,094 * American Public Education, Inc. 145,898 3,107,627 Ark Restaurants Corp. 36,613 832,580 #* Asbury Automotive Group, Inc. 101,767 5,495,418 #* Ascena Retail Group, Inc. 468,635 1,096,606 #* Ascent Capital Group, Inc. Class A 78,257 1,322,543 #* AV Homes, Inc. 94,921 1,523,482 * Ballantyne Strong, Inc. 100,209 681,421 #* Barnes & Noble Education, Inc. 377,654 2,730,438 # Barnes & Noble, Inc. 525,829 4,285,506 Bassett Furniture Industries, Inc. 87,841 3,267,685 # Beasley Broadcast Group, Inc. Class A 67,088 704,424 * Beazer Homes USA, Inc. 119,800 1,588,548 * Belmond, Ltd. Class A 432,368 5,642,402 # Big 5 Sporting Goods Corp. 190,370 2,046,478 #* Biglari Holdings, Inc. 280 104,810 * BJ's Restaurants, Inc. 255,863 9,031,964 #* Black Diamond, Inc. 137,350 892,775 # Bob Evans Farms, Inc. 234,571 16,227,622 * Bojangles', Inc. 52,438 697,425 #* Boot Barn Holdings, Inc. 18,115 145,101 Bowl America, Inc. Class A 55,406 810,119 #* Bravo Brio Restaurant Group, Inc. 154,702 533,722 * Bridgepoint Education, Inc. 222,005 2,155,669 Brinker International, Inc. 29,796 1,056,864 #* Build-A-Bear Workshop, Inc. 154,682 1,484,947 Caleres, Inc. 493,103 13,451,850 Callaway Golf Co. 1,105,362 14,071,258 * Cambium Learning Group, Inc. 294,551 1,449,191 Canterbury Park Holding Corp. 13,931 161,600 Capella Education Co. 127,237 8,741,182 * Career Education Corp. 567,177 4,769,959 # Carriage Services, Inc. 194,678 4,748,196 * Carrols Restaurant Group, Inc. 372,221 4,541,096 # Cato Corp. (The) Class A 286,578 4,874,692 * Cavco Industries, Inc. 96,049 12,524,790 #* Central European Media Enterprises, Ltd. Class A 45,247 196,824 * Century Casinos, Inc. 9,163 65,882 #* Century Communities, Inc. 88,940 2,303,546 #* Cherokee, Inc. 83,205 436,826 # Chico's FAS, Inc. 1,040,275 9,518,516 # Children's Place, Inc. (The) 115,285 12,179,860 #* Christopher & Banks Corp. 183,710 259,031 #* Chuy's Holdings, Inc. 156,530 3,686,282 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Citi Trends, Inc. 147,212 $ 3,260,746 Clear Channel Outdoor Holdings, Inc. Class A 37,507 190,160 ClubCorp Holdings, Inc. 318,884 5,405,084 Collectors Universe, Inc. 59,848 1,489,018 #* Conn's, Inc. 258,091 5,523,147 #* Container Store Group, Inc. (The) 17,517 93,716 * Cooper-Standard Holdings, Inc. 111,021 11,353,007 # Core-Mark Holding Co., Inc. 203,477 7,461,502 * Crocs, Inc. 554,353 4,401,563 CSS Industries, Inc. 52,055 1,393,512 Culp, Inc. 167,475 5,024,250 #* Daily Journal Corp. 472 96,666 * Deckers Outdoor Corp. 5,178 335,845 * Del Frisco's Restaurant Group, Inc. 152,292 2,162,546 #* Del Taco Restaurants, Inc. 183,388 2,400,549 * Delta Apparel, Inc. 77,508 1,629,993 #* Denny's Corp. 707,454 8,036,677 #* Destination Maternity Corp. 86,638 132,556 #* Destination XL Group, Inc. 384,755 769,510 # Dillard's, Inc. Class A 15,369 1,134,540 # DineEquity, Inc. 153,695 6,323,012 * Dixie Group, Inc. (The) 111,533 474,015 Dover Motorsports, Inc. 168,371 345,161 # Drive Shack, Inc. 207,714 635,605 # DSW, Inc. Class A 311,779 5,624,493 #* Duluth Holdings, Inc. Class B 26,501 513,589 # Educational Development Corp. 36,900 376,380 #* El Pollo Loco Holdings, Inc. 32,047 416,611 #* Eldorado Resorts, Inc. 81,637 1,665,395 * Emerson Radio Corp. 114,403 145,292 * Emmis Communications Corp. Class A 20,642 60,894 # Entercom Communications Corp. Class A 351,060 3,457,941 Entravision Communications Corp. Class A 890,245 5,786,593 #* Eros International P.L.C. 18,254 182,540 Escalade, Inc. 69,128 853,731 # Ethan Allen Interiors, Inc. 325,643 10,436,858 * EVINE Live, Inc. 208,506 248,122 #* EW Scripps Co. (The) Class A 597,751 11,745,807 #* Express, Inc. 791,969 4,799,332 #* Famous Dave's of America, Inc. 49,905 174,668 #* Fiesta Restaurant Group, Inc. 252,516 4,242,269 # Finish Line, Inc. (The) Class A 403,493 5,552,064 # Flanigan's Enterprises, Inc. 20,756 556,261 # Flexsteel Industries, Inc. 54,856 3,070,839 #* Fossil Group, Inc. 57,909 651,476 #* Fox Factory Holding Corp. 326,575 12,556,809 #* Francesca's Holdings Corp. 432,814 4,211,280 # Fred's, Inc. Class A 306,247 2,073,292 * FTD Cos., Inc. 202,799 3,985,000 * Full House Resorts, Inc. 683 1,742 #* G-III Apparel Group, Ltd. 109,396 2,847,578 #* Gaia, Inc. 47,790 575,870 # Gaming Partners International Corp. 13,461 143,225 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # Gannett Co., Inc. 345,862 $ 3,102,382 * Genesco, Inc. 103,943 3,336,570 #* Gentherm, Inc. 361,646 12,097,059 #* Global Eagle Entertainment, Inc. 104,987 331,759 #* Gray Television, Inc. 486,737 7,252,381 #* Gray Television, Inc. Class A 41,200 528,390 * Green Brick Partners, Inc. 44,556 501,255 # Group 1 Automotive, Inc. 120,600 7,181,730 #* Groupon, Inc. 12,377 46,538 # Guess?, Inc. 469,515 6,131,866 #* Habit Restaurants, Inc. (The) Class A 49,928 821,316 * Harte-Hanks, Inc. 457,860 441,835 Haverty Furniture Cos., Inc. 128,216 2,852,806 # Haverty Furniture Cos., Inc. Class A 18,855 421,881 * Hemisphere Media Group, Inc. 7,361 92,013 * Hibbett Sports, Inc. 124,809 1,947,020 Hooker Furniture Corp. 87,994 3,713,347 #* Horizon Global Corp. 187,069 2,607,742 #* Houghton Mifflin Harcourt Co. 513,748 6,139,289 # HSN, Inc. 12,777 506,608 #* Iconix Brand Group, Inc. 419,928 2,800,920 * IMAX Corp. 94,518 2,022,685 Insignia Systems, Inc. 27,157 27,700 #* Installed Building Products, Inc. 202,656 10,902,893 International Speedway Corp. Class A 10,453 374,217 * Intrawest Resorts Holdings, Inc. 161,776 3,842,180 #* iRobot Corp. 195,331 20,609,374 * J Alexander's Holdings, Inc. 26,513 279,712 #* JAKKS Pacific, Inc. 146,564 483,661 #* Jamba, Inc. 62,491 544,297 Johnson Outdoors, Inc. Class A 65,549 3,311,535 * K12, Inc. 261,579 4,632,564 # KB Home 354,385 8,122,504 #* Kirkland's, Inc. 182,875 1,709,881 #* Kona Grill, Inc. 69,063 183,017 * Koss Corp. 115,135 206,092 * La Quinta Holdings, Inc. 172,817 2,576,701 La-Z-Boy, Inc. 545,969 18,453,752 * Lakeland Industries, Inc. 41,792 628,970 (degrees)* Lazare Kaplan International, Inc. 81,643 11,479 Libbey, Inc. 247,810 2,230,290 Liberty Tax, Inc. 3,192 45,007 * Liberty TripAdvisor Holdings, Inc. Class A 274,423 3,224,470 Lifetime Brands, Inc. 109,290 2,071,046 #* Lindblad Expeditions Holdings, Inc. 31,959 319,910 * Luby's, Inc. 247,470 710,239 * M/I Homes, Inc. 195,293 5,065,900 #* Malibu Boats, Inc. Class A 68,036 1,946,510 Marcus Corp. (The) 175,745 4,780,264 # Marine Products Corp. 184,504 2,678,998 * MarineMax, Inc. 185,251 2,769,502 #* McClatchy Co. (The) Class A 35,627 285,016 # MDC Holdings, Inc. 335,452 11,502,649 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Meritage Homes Corp. 74,993 $ 3,055,965 * Modine Manufacturing Co. 359,793 5,846,636 * Monarch Casino & Resort, Inc. 27,353 905,111 # Monro Muffler Brake, Inc. 85,194 3,970,040 #* Motorcar Parts of America, Inc. 183,914 5,144,075 # Movado Group, Inc. 148,457 3,652,042 #* MSG Networks, Inc. Class A 484,839 10,375,555 # NACCO Industries, Inc. Class A 39,347 2,581,163 #* Nathan's Famous, Inc. 55,586 3,474,125 # National American University Holdings, Inc. 584 1,308 # National CineMedia, Inc. 662,799 4,739,013 #* Nautilus, Inc. 364,478 6,414,813 * New Home Co., Inc. (The) 13,768 148,832 # New Media Investment Group, Inc. 183,325 2,555,551 * New York & Co., Inc. 629,975 982,761 Nobility Homes, Inc. 22,928 410,411 # Nutrisystem, Inc. 344,324 19,196,063 #* Ollie's Bargain Outlet Holdings, Inc. 59,555 2,662,109 #* Overstock.com, Inc. 262,438 4,199,008 Oxford Industries, Inc. 181,086 11,431,959 P&F Industries, Inc. Class A 6,745 40,672 #* Papa Murphy's Holdings, Inc. 1,900 8,094 * Pegasus Cos., Inc. (The) 523 133,365 #* Penn National Gaming, Inc. 113,819 2,294,591 * Perfumania Holdings, Inc. 56,683 88,425 * Perry Ellis International, Inc. 115,761 2,273,546 # PetMed Express, Inc. 202,975 9,649,432 * PICO Holdings, Inc. 176,787 2,872,789 # Pier 1 Imports, Inc. 725,875 3,346,284 * Playa Hotels & Resorts NV 1,003 11,855 #* Potbelly Corp. 138,468 1,592,382 * QEP Co., Inc. 10,982 284,708 RCI Hospitality Holdings, Inc. 60,552 1,373,925 * Reading International, Inc. Class A 148,684 2,372,997 #* Reading International, Inc. Class B 11,620 241,696 * Red Lion Hotels Corp. 154,891 1,107,471 #* Red Robin Gourmet Burgers, Inc. 142,457 8,518,929 * Regis Corp. 365,059 3,844,071 # Rent-A-Center, Inc. 114,820 1,517,920 Rocky Brands, Inc. 55,746 777,657 #* Ruby Tuesday, Inc. 984,464 1,988,617 Ruth's Hospitality Group, Inc. 389,748 7,794,960 Saga Communications, Inc. Class A 51,688 2,008,079 Salem Media Group, Inc. 166,500 1,190,475 Scholastic Corp. 41,093 1,702,483 #* Scientific Games Corp. Class A 6,525 241,751 #* Sears Hometown and Outlet Stores, Inc. 7,887 17,746 # SeaWorld Entertainment, Inc. 375,012 5,767,685 #* Select Comfort Corp. 443,759 15,003,492 #* Sequential Brands Group, Inc. 38,898 124,863 #* Shake Shack, Inc. Class A 15,948 526,443 * Shiloh Industries, Inc. 154,561 1,146,843 Shoe Carnival, Inc. 130,531 2,383,496 #* Shutterfly, Inc. 237,837 11,663,526 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) * Skyline Corp. 74,794 $ 558,711 # Sonic Automotive, Inc. Class A 351,975 6,388,346 # Sonic Corp. 592,508 14,018,739 Speedway Motorsports, Inc. 242,275 5,150,767 #* Sportsman's Warehouse Holdings, Inc. 100,400 454,812 # Stage Stores, Inc. 214,362 426,580 Standard Motor Products, Inc. 260,292 13,113,511 Stanley Furniture Co., Inc. 14,898 18,771 # Stein Mart, Inc. 349,228 485,427 * Stoneridge, Inc. 307,799 4,697,013 Strattec Security Corp. 29,752 1,056,196 # Strayer Education, Inc. 95,952 7,543,746 # Sturm Ruger & Co., Inc. 196,827 11,337,235 Superior Industries International, Inc. 217,837 4,258,713 Superior Uniform Group, Inc. 112,846 2,519,851 * Sypris Solutions, Inc. 142,954 238,018 # Tailored Brands, Inc. 13,391 167,923 * Tandy Leather Factory, Inc. 101,284 896,363 # Tile Shop Holdings, Inc. 194,300 2,836,780 Tilly's, Inc. Class A 107,861 1,076,453 Time, Inc. 459,000 6,448,950 * TopBuild Corp. 185,984 9,816,236 Tower International, Inc. 152,173 3,758,673 * Town Sports International Holdings, Inc. 84,473 464,602 * Townsquare Media, Inc. Class A 4,855 53,696 * Trans World Entertainment Corp. 218,126 381,721 * tronc, Inc. 50,083 639,560 #* Tuesday Morning Corp. 298,808 552,795 * UCP, Inc. Class A 49,067 547,097 * Unifi, Inc. 158,494 5,192,263 #* Universal Electronics, Inc. 174,777 11,963,486 * Universal Technical Institute, Inc. 165,474 589,087 #* Urban One, Inc. 313,686 596,003 * US Auto Parts Network, Inc. 135,317 353,177 #* Vera Bradley, Inc. 253,451 2,554,786 #* Vista Outdoor, Inc. 151,618 3,500,860 #* Vitamin Shoppe, Inc. 282,607 3,108,677 * VOXX International Corp. 156,170 1,046,339 West Marine, Inc. 180,452 2,326,026 # Weyco Group, Inc. 109,555 3,054,393 #* William Lyon Homes Class A 196,049 4,432,668 #* Wingstop, Inc. 33,555 1,006,986 # Winmark Corp. 54,273 7,221,023 # Winnebago Industries, Inc. 353,953 13,025,470 # World Wrestling Entertainment, Inc. Class A 56,330 1,191,943 #* ZAGG, Inc. 233,025 1,969,061 #* Zumiez, Inc. 259,977 3,301,708 ------------ Total Consumer Discretionary 889,394,745 ------------ Consumer Staples -- (2.8%) # Alico, Inc. 67,264 2,031,373 #* Alliance One International, Inc. 77,903 1,184,126 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Staples -- (Continued) Andersons, Inc. (The) 256,382 $ 8,832,360 #* Avon Products, Inc. 199,390 725,780 #* Boston Beer Co., Inc. (The) Class A 26,980 4,230,464 * Bridgford Foods Corp. 72,953 814,155 # Calavo Growers, Inc. 186,492 13,809,733 * CCA Industries, Inc. 35,363 125,539 #* Central Garden & Pet Co. 75,174 2,405,568 * Central Garden & Pet Co. Class A 309,982 9,535,046 #* Chefs' Warehouse, Inc. (The) 152,841 2,216,194 # Coca-Cola Bottling Co. Consolidated 72,733 17,462,466 * Coffee Holding Co., Inc. 14,908 62,017 #* Craft Brew Alliance, Inc. 194,508 3,403,890 # Dean Foods Co. 660,275 9,904,125 #* Farmer Brothers Co. 122,837 3,826,373 Ingles Markets, Inc. Class A 151,787 4,477,716 Inter Parfums, Inc. 301,212 11,687,026 #* Inventure Foods, Inc. 69,381 270,586 # John B. Sanfilippo & Son, Inc. 75,379 4,848,377 #* Landec Corp. 245,729 3,022,467 * Lifevantage Corp. 5,000 19,000 * Lifeway Foods, Inc. 149,735 1,373,070 # Limoneira Co. 11,771 267,908 # Mannatech, Inc. 10,017 162,776 Medifast, Inc. 133,920 5,717,045 # MGP Ingredients, Inc. 188,068 11,088,489 #* Natural Alternatives International, Inc. 70,731 707,310 #* Natural Grocers by Vitamin Cottage, Inc. 69,401 611,423 # Natural Health Trends Corp. 5,316 130,933 Nature's Sunshine Products, Inc. 153,258 1,938,714 Nutraceutical International Corp. 61,111 2,554,440 Oil-Dri Corp. of America 56,286 2,327,989 Omega Protein Corp. 159,161 2,546,576 # Orchids Paper Products Co. 68,186 767,774 #* Primo Water Corp. 92,898 1,152,864 #* Revlon, Inc. Class A 209,222 4,090,290 Rocky Mountain Chocolate Factory, Inc. 70,128 833,822 Scope Industries 5,109 702,488 * Seneca Foods Corp. Class A 43,175 1,239,122 * Seneca Foods Corp. Class B 11,120 343,608 #* Smart & Final Stores, Inc. 57,767 496,796 SpartanNash Co. 316,634 8,783,427 * SUPERVALU, Inc. 1,013,152 3,627,084 * Tofutti Brands, Inc. 12,154 23,761 #* United Natural Foods, Inc. 7,073 272,523 United-Guardian, Inc. 39,576 623,322 # Universal Corp. 106,098 6,784,967 #* USANA Health Sciences, Inc. 166,462 9,504,980 # Village Super Market, Inc. Class A 69,246 1,712,454 # WD-40 Co. 144,160 15,374,664 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) # Weis Markets, Inc. 22,536 $ 1,066,178 ------------ Total Consumer Staples 191,721,178 ------------ Energy -- (2.4%) Adams Resources & Energy, Inc. 39,154 1,487,461 #* Approach Resources, Inc. 22,469 70,328 # Arch Coal, Inc. Class A 3,416 259,855 Archrock, Inc. 213,515 2,337,989 # Ardmore Shipping Corp. 15,181 120,689 #* Atwood Oceanics, Inc. 534,611 4,202,043 * Barnwell Industries, Inc. 68,834 128,720 #* Basic Energy Services, Inc. 104,700 2,345,280 #* Bill Barrett Corp. 471,626 1,594,096 # Bristow Group, Inc. 154,717 1,140,264 #* California Resources Corp. 15,757 127,947 #* CARBO Ceramics, Inc. 56,458 399,158 #* Clean Energy Fuels Corp. 644,919 1,689,688 * Cloud Peak Energy, Inc. 462,666 1,600,824 * Contango Oil & Gas Co. 180,387 1,082,322 * Dawson Geophysical Co. 153,310 614,773 Delek US Holdings, Inc. 282,601 7,378,712 #* Denbury Resources, Inc. 1,798,714 2,626,122 # DHT Holdings, Inc. 588,995 2,450,219 #* Dorian LPG, Ltd. 134,340 967,248 #* Earthstone Energy, Inc. Class A 12,617 124,530 * Eclipse Resources Corp. 653,798 1,837,172 * ENGlobal Corp. 166,114 207,643 Ensco P.L.C. Class A 67,356 356,313 * Era Group, Inc. 56,508 495,010 # Evolution Petroleum Corp. 156,345 1,344,567 * Exterran Corp. 65,259 1,807,022 * Fairmount Santrol Holdings, Inc. 6,141 17,932 #* Forum Energy Technologies, Inc. 521,292 6,907,119 # GasLog, Ltd. 8,315 151,749 #* Geospace Technologies Corp. 71,290 1,097,153 Green Plains, Inc. 283,796 5,604,971 Gulf Island Fabrication, Inc. 103,081 1,175,123 Hallador Energy Co. 40,735 280,664 * Helix Energy Solutions Group, Inc. 1,448,258 9,471,607 #* Hornbeck Offshore Services, Inc. 6,673 16,816 #* Independence Contract Drilling, Inc. 3,344 12,941 * International Seaways, Inc. 6,096 139,050 #* ION Geophysical Corp. 68,868 244,481 #* Jones Energy, Inc. Class A 22,769 34,154 * Matrix Service Co. 284,484 2,944,409 #* McDermott International, Inc. 1,130,958 7,656,586 * Mitcham Industries, Inc. 86,659 344,036 * Natural Gas Services Group, Inc. 73,518 1,834,274 #* Newpark Resources, Inc. 976,970 8,157,700 # Noble Corp. P.L.C. 1,043,886 4,175,544 # Nordic American Offshore, Ltd. 571 685 # Nordic American Tankers, Ltd. 66,007 388,121 #* Northern Oil and Gas, Inc. 36,749 45,936 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) #* Oil States International, Inc. 162,725 $ 4,043,716 #* Overseas Shipholding Group, Inc. Class A 22,893 70,510 * Pacific Ethanol, Inc. 228,971 1,431,069 Panhandle Oil and Gas, Inc. Class A 123,476 2,716,472 #* Par Pacific Holdings, Inc. 184,798 3,309,732 #* Parker Drilling Co. 890,461 1,068,553 #* Penn Virginia Corp. 18,603 714,541 #* PetroQuest Energy, Inc. 6,338 13,753 * PHI, Inc. Non-Voting 106,145 1,029,607 #* PHI, Inc. Voting 9,745 92,090 * Pioneer Energy Services Corp. 610,471 1,343,036 #* Renewable Energy Group, Inc. 408,946 5,111,825 #* Resolute Energy Corp. 6,666 226,377 #* REX American Resources Corp. 53,577 5,356,629 * RigNet, Inc. 79,097 1,498,888 #* Ring Energy, Inc. 277,412 3,623,001 * Rowan Cos. P.L.C. Class A 41,900 488,973 #* SandRidge Energy, Inc. 29,565 570,900 # Scorpio Tankers, Inc. 1,090,533 4,045,877 * SEACOR Holdings, Inc. 67,461 2,299,746 #* SEACOR Marine Holdings, Inc. 60,901 887,937 # SemGroup Corp. Class A 10,738 290,463 # Ship Finance International, Ltd. 912 12,403 # SM Energy Co. 19,963 347,157 #* SRC Energy, Inc. 1,391,394 11,840,763 #* Superior Energy Services, Inc. 422,564 4,546,789 (degrees)#* Syntroleum Corp. 44,574 16,492 # Teekay Tankers, Ltd. Class A 561,655 1,010,979 #* Tesco Corp. 416,071 1,913,927 #* TETRA Technologies, Inc. 535,976 1,506,093 #* Unit Corp. 481,531 8,657,927 #* Uranium Resources, Inc. 59,583 87,587 #* Vaalco Energy, Inc. 114,910 105,373 * Westmoreland Coal Co. 45,645 196,730 * Willbros Group, Inc. 370,154 755,114 ------------ Total Energy 160,728,075 ------------ Financials -- (19.4%) 1st Constitution Bancorp 22,912 392,941 1st Source Corp. 217,852 10,696,533 A-Mark Precious Metals, Inc. 75,330 1,135,223 Access National Corp. 84,404 2,244,302 ACNB Corp. 8,244 234,542 #* Allegiance Bancshares, Inc. 32,691 1,227,547 * Ambac Financial Group, Inc. 259,699 5,305,651 American National Bankshares, Inc. 54,915 2,073,041 American River Bankshares 29,011 404,703 Ameris Bancorp 355,619 16,287,350 # AMERISAFE, Inc. 209,289 12,086,440 AmeriServ Financial, Inc. 200,047 790,186 * Anchor Bancorp, Inc. 800 20,300 Argo Group International Holdings, Ltd. 37,180 2,228,941 # Arrow Financial Corp. 130,662 4,259,581 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) * Asta Funding, Inc. 6,562 $ 48,067 Astoria Financial Corp. 503,815 10,166,987 Atlantic American Corp. 7,131 25,672 #* Atlantic Capital Bancshares, Inc. 41,526 801,452 * Atlantic Coast Financial Corp. 738 5,867 * Atlanticus Holdings Corp. 135,964 335,831 * Atlas Financial Holdings, Inc. 40,544 626,405 Auburn National Bancorporation, Inc. 11,571 428,243 Baldwin & Lyons, Inc. Class A 3,548 82,668 Baldwin & Lyons, Inc. Class B 90,872 2,126,405 # Banc of California, Inc. 303,571 6,238,384 BancFirst Corp. 121,367 12,955,927 # Bancorp of New Jersey, Inc. 1,308 22,562 * Bancorp, Inc. (The) 441,916 3,424,849 Bank Mutual Corp. 290,545 2,890,923 Bank of Commerce Holdings 48,553 502,524 Bank of Marin Bancorp 20,456 1,363,392 BankFinancial Corp. 207,272 3,104,935 # Bankwell Financial Group, Inc. 2,816 92,393 Banner Corp. 172,959 9,991,841 # Bar Harbor Bankshares 81,889 2,283,884 # BCB Bancorp, Inc. 56,925 853,875 Bear State Financial, Inc. 73,030 677,718 Beneficial Bancorp, Inc. 470,591 7,341,220 Berkshire Hills Bancorp, Inc. 250,377 9,301,506 Blue Hills Bancorp, Inc. 64,269 1,217,898 #* BofI Holding, Inc. 556,391 15,506,617 Boston Private Financial Holdings, Inc. 940,843 14,441,940 Bridge Bancorp, Inc. 89,148 2,897,310 Brookline Bancorp, Inc. 695,518 10,328,442 # Bryn Mawr Bank Corp. 139,048 5,902,588 #* BSB Bancorp, Inc. 19,280 569,724 C&F Financial Corp. 15,031 748,544 California First National Bancorp 81,133 1,350,864 # Camden National Corp. 127,382 5,350,044 Capital Bank Financial Corp. Class A 169,704 6,448,752 Capital City Bank Group, Inc. 145,010 3,097,414 # Carolina Financial Corp. 34,171 1,149,512 * Carver Bancorp, Inc. 300 948 # CenterState Banks, Inc. 342,527 8,559,750 Central Pacific Financial Corp. 228,024 7,052,782 Central Valley Community Bancorp 27,723 609,352 # Century Bancorp, Inc. Class A 19,172 1,278,772 Charter Financial Corp. 38,549 693,111 # Citizens & Northern Corp. 40,731 940,071 Citizens Community Bancorp, Inc. 4,432 61,826 Citizens First Corp. 1,442 31,580 # Citizens Holding Co. 9,925 244,651 #* Citizens, Inc. 389,685 3,136,964 City Holding Co. 176,826 11,605,090 # Civista Bancshares, Inc. 6,437 131,637 # Clifton Bancorp, Inc. 139,798 2,333,229 CNB Financial Corp. 72,665 1,915,449 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) CoBiz Financial, Inc. 395,444 $ 6,959,814 Codorus Valley Bancorp, Inc. 16,637 465,171 # Cohen & Steers, Inc. 44,349 1,791,700 Colony Bankcorp, Inc. 40,276 565,878 * Community Bankers Trust Corp. 2,000 17,200 Community Trust Bancorp, Inc. 170,968 7,385,818 Community West Bancshares 12,713 131,580 # ConnectOne Bancorp, Inc. 195,629 4,401,652 * Consumer Portfolio Services, Inc. 186,718 767,411 #* Cowen, Inc. Class A 97,426 1,558,816 Crawford & Co. Class A 281,599 2,092,281 # Crawford & Co. Class B 146,319 1,313,945 * CU Bancorp 37,812 1,395,263 #* Customers Bancorp, Inc. 276,367 8,249,555 Diamond Hill Investment Group, Inc. 6,434 1,270,715 Dime Community Bancshares, Inc. 374,204 7,783,443 Donegal Group, Inc. Class A 171,699 2,589,221 Donegal Group, Inc. Class B 34,951 543,488 * Donnelley Financial Solutions, Inc. 87,769 2,036,241 Eagle Bancorp Montana, Inc. 578 10,549 * Eagle Bancorp, Inc. 71,479 4,463,864 #* eHealth, Inc. 158,119 2,689,604 EMC Insurance Group, Inc. 174,255 4,826,863 Employers Holdings, Inc. 309,523 13,417,822 #* Encore Capital Group, Inc. 297,669 11,936,527 * Enova International, Inc. 289,696 4,200,592 # Enterprise Bancorp, Inc. 41,365 1,397,723 Enterprise Financial Services Corp. 237,009 9,373,706 * Equity Bancshares, Inc. Class A 23,049 796,804 ESSA Bancorp, Inc. 57,392 846,532 # Evans Bancorp, Inc. 18,500 753,875 #* Ezcorp, Inc. Class A 334,254 2,607,181 # Farmers Capital Bank Corp. 39,358 1,477,893 # Farmers National Banc Corp. 105,167 1,446,046 FBL Financial Group, Inc. Class A 215,835 14,655,196 #* FCB Financial Holdings, Inc. Class A 163,146 7,692,334 Federal Agricultural Mortgage Corp. Class A 4,200 281,400 # Federal Agricultural Mortgage Corp. Class C 74,349 5,097,367 Federated National Holding Co. 135,974 2,164,706 # Fidelity & Guaranty Life 4,825 150,299 # Fidelity Southern Corp. 210,280 4,428,497 Fifth Street Asset Management, Inc. 4,532 18,581 Financial Institutions, Inc. 96,498 2,837,041 * First Acceptance Corp. 59,247 53,322 * First BanCorp(318672706) 1,030,312 6,037,628 # First Bancorp(318910106) 174,321 5,456,247 # First Bancorp, Inc. 76,858 2,070,555 #* First Bancshares, Inc. 730 8,468 # First Bancshares, Inc. (The) 12,921 358,558 # First Bank 23,347 300,009 First Busey Corp. 424,096 12,400,567 # First Business Financial Services, Inc. 30,103 639,990 First Commonwealth Financial Corp. 771,763 10,056,072 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) First Community Bancshares, Inc. 119,099 $ 3,241,875 First Connecticut Bancorp, Inc. 58,349 1,493,734 First Defiance Financial Corp. 68,349 3,537,061 First Financial Bancorp 525,677 13,457,331 First Financial Corp. 94,531 4,353,153 First Financial Northwest, Inc. 61,986 1,017,190 #* First Foundation, Inc. 110,860 1,922,312 First Internet Bancorp 5,158 169,956 First Interstate Bancsystem, Inc. Class A 205,763 7,520,638 First Merchants Corp. 314,277 12,709,362 # First Mid-Illinois Bancshares, Inc. 6,487 237,359 * First Northwest Bancorp 11,144 169,946 First of Long Island Corp. (The) 78,382 2,190,777 First South Bancorp, Inc. 59,381 1,021,947 * First United Corp. 35,221 531,837 # FirstCash, Inc. 13,316 774,325 * Flagstar Bancorp, Inc. 299,667 9,757,158 Flushing Financial Corp. 265,032 7,561,363 * FNFV Group 167,349 2,886,770 #* Franklin Financial Network, Inc. 46,558 1,608,579 # Gain Capital Holdings, Inc. 265,728 1,783,035 GAMCO Investors, Inc. Class A 39,927 1,226,158 * Genworth Financial, Inc. Class A 171,929 589,716 # German American Bancorp, Inc. 140,143 5,021,324 #* Global Indemnity, Ltd. 62,369 2,417,422 * Great Elm Capital Group, Inc. 886 3,057 Great Southern Bancorp, Inc. 100,894 5,241,443 #* Green Bancorp, Inc. 175,205 3,933,352 * Green Dot Corp. Class A 502,220 20,209,333 # Greenhill & Co., Inc. 355,785 6,582,022 #* Greenlight Capital Re, Ltd. Class A 272,369 5,828,697 Guaranty Bancorp 150,932 4,022,338 Guaranty Federal Bancshares, Inc. 17,335 372,703 * Hallmark Financial Services, Inc. 122,626 1,379,543 Hanmi Financial Corp. 459,252 13,157,570 Hawthorn Bancshares, Inc. 6,966 141,584 # HCI Group, Inc. 127,338 5,741,670 #* Health Insurance Innovations, Inc. Class A 22,709 636,987 Heartland Financial USA, Inc. 176,072 8,292,991 Hennessy Advisors, Inc. 3,186 50,466 Heritage Commerce Corp. 284,556 3,952,483 Heritage Financial Corp. 205,492 5,589,382 # Heritage Insurance Holdings, Inc. 116,305 1,466,606 Hingham Institution for Savings 14,698 2,600,076 * HMN Financial, Inc. 37,346 672,228 # Home Bancorp, Inc. 4,852 196,603 #* HomeStreet, Inc. 206,010 5,407,762 * HomeTrust Bancshares, Inc. 58,088 1,402,825 HopFed Bancorp, Inc. 18,198 265,327 Horace Mann Educators Corp. 408,077 15,058,041 Horizon Bancorp 129,136 3,405,316 * Howard Bancorp, Inc. 1,412 27,746 #* Impac Mortgage Holdings, Inc. 3,107 45,704 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Independent Bank Corp.(453836108) 212,036 $15,128,769 Independent Bank Corp.(453838609) 34,130 723,556 Independent Bank Group, Inc. 115,830 6,990,340 Infinity Property & Casualty Corp. 121,048 12,110,852 * INTL. FCStone, Inc. 134,988 5,282,080 Investar Holding Corp. 5,770 130,691 Investment Technology Group, Inc. 258,821 5,712,179 # Investors Title Co. 21,120 3,728,102 James River Group Holdings, Ltd. 112,020 4,498,723 # Kearny Financial Corp. 386,529 5,643,323 Kentucky First Federal Bancorp 38,012 372,518 # Kingstone Cos., Inc. 39,370 649,605 #* Ladenburg Thalmann Financial Services, Inc. 547,350 1,247,958 # Lake Shore Bancorp, Inc. 3,521 55,632 # Lakeland Bancorp, Inc. 392,780 7,600,293 # Lakeland Financial Corp. 240,980 11,085,080 Landmark Bancorp, Inc. 16,336 484,362 LCNB Corp. 964 19,328 # LegacyTexas Financial Group, Inc. 352,853 13,662,468 #* LendingTree, Inc. 70,500 15,552,300 # Live Oak Bancshares, Inc. 5,820 146,955 Macatawa Bank Corp. 224,615 2,167,535 Mackinac Financial Corp. 42,649 620,116 * Magyar Bancorp, Inc. 15,818 202,154 # Maiden Holdings, Ltd. 602,217 6,684,609 MainSource Financial Group, Inc. 224,550 7,845,777 #* Malvern Bancorp, Inc. 9,008 223,398 # Manning & Napier, Inc. 82,085 332,444 Marlin Business Services Corp. 78,915 2,051,790 #* MBIA, Inc. 1,060,367 10,783,932 # MBT Financial Corp. 112,047 1,075,651 Mercantile Bank Corp. 84,832 2,699,354 Meridian Bancorp, Inc. 437,471 7,721,363 Meta Financial Group, Inc. 99,256 7,076,953 Mid Penn Bancorp, Inc. 7,759 209,493 Midland States Bancorp, Inc. 1,806 57,359 MidSouth Bancorp, Inc. 63,584 715,320 MidWestOne Financial Group, Inc. 25,288 870,413 #* MSB Financial Corp. 3,072 53,146 MutualFirst Financial, Inc. 41,946 1,463,915 National Bank Holdings Corp. Class A 247,110 8,433,864 #* National Commerce Corp. 42,900 1,720,290 # National Security Group, Inc. (The) 12,602 171,954 # National Western Life Group, Inc. Class A 15,845 5,333,269 Navigators Group, Inc. (The) 181,882 10,367,274 NBT Bancorp, Inc. 346,591 12,525,799 Nelnet, Inc. Class A 45,532 2,235,166 NewStar Financial, Inc. 207,000 2,264,580 * Nicholas Financial, Inc. 53,280 468,864 #* Nicolet Bankshares, Inc. 7,679 415,971 * NMI Holdings, Inc. Class A 299,742 3,536,956 # Northeast Bancorp 5,962 128,183 # Northfield Bancorp, Inc. 391,786 6,578,087 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Northrim BanCorp, Inc. 45,974 $ 1,340,142 # Northwest Bancshares, Inc. 618,112 9,951,603 # Norwood Financial Corp. 10,591 453,718 OceanFirst Financial Corp. 326,040 8,829,163 #* Ocwen Financial Corp. 780,429 2,239,831 OFG Bancorp 342,952 3,446,668 # Ohio Valley Banc Corp. 16,910 572,404 # Old Line Bancshares, Inc. 38,792 1,050,487 Old Second Bancorp, Inc. 124,171 1,471,426 OM Asset Management P.L.C. 114,588 1,726,841 * On Deck Capital, Inc. 152,599 656,176 # OneBeacon Insurance Group, Ltd. Class A 102,613 1,879,870 Oppenheimer Holdings, Inc. Class A 48,252 759,969 Opus Bank 156,959 3,735,624 # Oritani Financial Corp. 460,498 7,644,267 Orrstown Financial Services, Inc. 465 11,625 Pacific Continental Corp. 129,968 3,301,187 * Pacific Mercantile Bancorp 95,800 756,820 * Pacific Premier Bancorp, Inc. 295,292 10,600,983 # Park National Corp. 35,023 3,459,222 Park Sterling Corp. 358,395 4,164,550 # Patriot National Bancorp, Inc. 290 4,727 # PB Bancorp, Inc. 1,325 13,714 Peapack Gladstone Financial Corp. 113,374 3,545,205 Penns Woods Bancorp, Inc. 36,061 1,545,214 #* PennyMac Financial Services, Inc. Class A 87,688 1,525,771 People's Utah Bancorp 35,139 976,864 # Peoples Bancorp of North Carolina, Inc. 15,956 504,529 # Peoples Bancorp, Inc. 116,373 3,793,760 * PHH Corp. 681,490 9,390,932 Piper Jaffray Cos. 4,037 251,909 PJT Partners, Inc. Class A 60,746 2,635,161 #* PRA Group, Inc. 179,461 7,034,871 Preferred Bank 123,518 6,935,536 Premier Financial Bancorp, Inc. 54,264 1,031,016 Provident Financial Holdings, Inc. 70,903 1,347,157 Provident Financial Services, Inc. 142,545 3,780,293 # Prudential Bancorp, Inc. 36,727 630,603 # Pzena Investment Management, Inc. Class A 91,314 963,363 QCR Holdings, Inc. 50,209 2,307,104 * Regional Management Corp. 76,790 1,842,192 # Renasant Corp. 305,704 12,958,793 Republic Bancorp, Inc. Class A 194,141 6,969,662 #* Republic First Bancorp, Inc. 115,375 1,026,838 Riverview Bancorp, Inc. 110,047 835,257 * Royal Bancshares of Pennsylvania, Inc. Class A 26,610 114,157 S&T Bancorp, Inc. 241,359 9,142,679 * Safeguard Scientifics, Inc. 237,843 2,830,332 Safety Insurance Group, Inc. 152,736 10,836,619 Salisbury Bancorp, Inc. 8,428 356,504 # Sandy Spring Bancorp, Inc. 239,075 9,572,563 SB Financial Group, Inc. 2,810 49,568 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) * Seacoast Banking Corp. of Florida 296,591 $ 6,931,332 * Security National Financial Corp. Class A 26,859 170,555 #* Select Bancorp, Inc. 9,127 108,064 # ServisFirst Bancshares, Inc. 233,969 8,502,433 Shore Bancshares, Inc. 45,014 760,286 SI Financial Group, Inc. 28,199 435,675 Siebert Financial Corp. 13,141 52,695 Sierra Bancorp 97,638 2,675,281 Silvercrest Asset Management Group, Inc. Class A 7,987 101,036 # Simmons First National Corp. Class A 187,703 10,239,199 * Southern First Bancshares, Inc. 31,735 1,169,435 Southern Missouri Bancorp, Inc. 24,979 809,569 # Southern National Bancorp of Virginia, Inc. 42,071 711,841 # Southside Bancshares, Inc. 299,606 10,405,316 Southwest Bancorp, Inc. 144,836 3,780,220 Southwest Georgia Financial Corp. 12,047 237,326 # State Auto Financial Corp. 144,456 3,725,520 State Bank Financial Corp. 255,148 7,003,813 State National Cos., Inc. 121,732 2,541,764 Stewart Information Services Corp. 352,369 13,848,102 Stock Yards Bancorp, Inc. 214,176 7,678,210 Stonegate Bank 97,835 4,554,219 Summit Financial Group, Inc. 5,323 115,988 Summit State Bank 1,397 18,161 Sun Bancorp, Inc. 106,305 2,588,527 #* Sunshine Bancorp, Inc. 9,398 214,744 # Sussex Bancorp 11,747 281,928 Territorial Bancorp, Inc. 51,533 1,552,689 * Third Point Reinsurance, Ltd. 36,348 528,863 Timberland Bancorp, Inc. 70,526 1,901,381 Tiptree, Inc. 220,047 1,507,322 # Tompkins Financial Corp. 119,614 9,414,818 # Towne Bank 161,538 5,056,139 Trico Bancshares 201,581 7,438,339 #* TriState Capital Holdings, Inc. 140,645 3,234,835 * Triumph Bancorp, Inc. 57,674 1,637,942 TrustCo Bank Corp. NY 1,098,913 9,120,978 # Trustmark Corp. 93,776 2,997,081 # Two River Bancorp 812 14,843 * Unico American Corp. 109,255 1,016,072 Union Bankshares Corp. 305,731 9,444,031 # Union Bankshares, Inc. 14,917 654,110 United Bancshares, Inc. 6,297 141,053 United Community Bancorp 1,415 27,027 # United Community Banks, Inc. 472,543 13,117,794 United Community Financial Corp. 363,681 3,345,865 United Financial Bancorp, Inc. 366,179 6,624,178 United Fire Group, Inc. 190,841 8,610,746 # United Insurance Holdings Corp. 137,548 2,195,266 # United Security Bancshares 125,484 1,179,550 # Unity Bancorp, Inc. 46,241 855,459 Universal Insurance Holdings, Inc. 410,124 9,781,457 Univest Corp. of Pennsylvania 195,565 5,964,732 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Financials -- (Continued) Value Line, Inc. 77,510 $ 1,371,152 #* Veritex Holdings, Inc. 65,084 1,734,489 # Virtus Investment Partners, Inc. 89,169 10,504,108 # Waddell & Reed Financial, Inc. Class A 408,412 8,441,876 * Walker & Dunlop, Inc. 339,012 17,035,353 # Washington Trust Bancorp, Inc. 179,206 9,757,767 WashingtonFirst Bankshares, Inc. 16,043 549,312 Waterstone Financial, Inc. 167,119 3,150,193 Wayne Savings Bancshares, Inc. 3,361 58,481 WesBanco, Inc. 320,832 12,265,407 West Bancorporation, Inc. 100,769 2,317,687 # Westamerica Bancorporation 105,168 5,754,793 Western New England Bancorp, Inc. 215,566 2,144,882 # Westwood Holdings Group, Inc. 66,858 3,941,279 #* WMIH Corp. 173,150 199,123 #* World Acceptance Corp. 121,138 9,154,399 WSFS Financial Corp. 209,071 9,439,556 WVS Financial Corp. 12,479 200,350 #* Xenith Bankshares, Inc. 13,731 386,940 -------------- Total Financials 1,317,937,983 -------------- Health Care -- (8.8%) # Abaxis, Inc. 177,017 8,319,799 #* Abeona Therapeutics, Inc. 4,655 39,335 #* Accuray, Inc. 185,610 788,842 # Aceto Corp. 330,473 5,578,384 #* Achillion Pharmaceuticals, Inc. 583,588 2,392,711 #* Acorda Therapeutics, Inc. 369,817 8,006,538 #* Adamas Pharmaceuticals, Inc. 16,553 287,195 * Addus HomeCare Corp. 127,428 4,326,181 #* Advaxis, Inc. 32,715 211,666 * Adverum Biotechnologies, Inc. 125,546 320,142 #* Agile Therapeutics, Inc. 14,042 66,559 #* Albany Molecular Research, Inc. 329,931 7,172,700 #* Alder Biopharmaceuticals, Inc. 48,319 519,429 * Alliance HealthCare Services, Inc. 75,507 1,000,468 * Allied Healthcare Products, Inc. 7,084 14,876 * Almost Family, Inc. 111,340 5,505,763 #* Alpine Immune Sciences, Inc. 3,775 33,182 * AMAG Pharmaceuticals, Inc. 129,586 2,546,365 #* Amedisys, Inc. 228,635 10,828,154 * American Renal Associates Holdings, Inc. 10,024 171,410 #* American Shared Hospital Services 37,963 142,361 #* Amicus Therapeutics, Inc. 21,848 282,932 #* AMN Healthcare Services, Inc. 225,528 8,321,983 #* Amphastar Pharmaceuticals, Inc. 255,725 4,418,928 Analogic Corp. 142,857 10,028,561 * AngioDynamics, Inc. 233,098 3,787,842 #* ANI Pharmaceuticals, Inc. 72,353 3,525,762 #* Anika Therapeutics, Inc. 176,402 9,024,726 * Applied Genetic Technologies Corp. 11,700 55,575 #* Aptevo Therapeutics, Inc. 178,325 328,118 #* Aralez Pharmaceuticals, Inc. 35,680 43,173 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Aratana Therapeutics, Inc. 96,195 $ 649,316 * ARCA biopharma, Inc. 4,900 9,065 * Ardelyx, Inc. 121,997 634,384 * Assembly Biosciences, Inc. 4,746 106,358 # Atrion Corp. 20,115 12,716,703 #* aTyr Pharma, Inc. 26,979 93,078 * Bioptix, Inc. 3,636 13,308 #* BioScrip, Inc. 43,127 124,637 #* BioSpecifics Technologies Corp. 46,967 2,284,945 #* BioTelemetry, Inc. 309,588 10,587,910 #* BioTime, Inc. 75,199 203,037 #* Bovie Medical Corp. 46,546 117,761 #* Calithera Biosciences, Inc. 2,407 36,827 * Cambrex Corp. 257,497 15,707,317 * Cancer Genetics, Inc. 1,400 5,180 #* Capital Senior Living Corp. 319,623 4,410,797 #* Cara Therapeutics, Inc. 57,012 800,448 * Cascadian Therapeutics, Inc. 30,502 124,753 * Catalyst Biosciences, Inc. 31,028 128,146 #* Celldex Therapeutics, Inc. 133,935 306,711 * Cempra, Inc. 230,918 923,672 #* Chimerix, Inc. 277,669 1,380,015 #* Cidara Therapeutics, Inc. 4,606 32,242 #* Civitas Solutions, Inc. 18,942 338,115 #* CombiMatrix Corp. 7,020 35,451 #* Community Health Systems, Inc. 297,785 2,129,163 # Computer Programs & Systems, Inc. 96,128 2,946,323 * Concert Pharmaceuticals, Inc. 65,876 950,591 # CONMED Corp. 269,310 13,820,989 #* Corcept Therapeutics, Inc. 240,277 2,996,254 * CorVel Corp. 261,842 12,450,587 #* Corvus Pharmaceuticals, Inc. 10,892 133,209 * Cross Country Healthcare, Inc. 224,054 2,634,875 * CryoLife, Inc. 316,667 5,937,506 * Cumberland Pharmaceuticals, Inc. 169,380 1,138,234 * Cutera, Inc. 106,872 2,784,016 #* Cyclacel Pharmaceuticals, Inc. 7,783 12,998 #* Depomed, Inc. 211,129 2,176,740 #* Dicerna Pharmaceuticals, Inc. 7,960 29,930 Digirad Corp. 104,281 427,552 * Diplomat Pharmacy, Inc. 9,770 155,050 * Electromed, Inc. 15,464 95,258 #* Emergent BioSolutions, Inc. 427,699 15,555,413 * Enanta Pharmaceuticals, Inc. 82,335 3,137,787 #* Endocyte, Inc. 30,200 42,884 # Ensign Group, Inc. (The) 489,523 10,950,630 * Enzo Biochem, Inc. 362,030 3,928,025 #* Esperion Therapeutics, Inc. 10,992 497,828 #* Evolent Health, Inc. Class A 19,709 486,812 * Exactech, Inc. 98,518 2,871,800 #* Five Prime Therapeutics, Inc. 228,219 6,422,083 * Five Star Senior Living, Inc. 67,039 107,262 #* Fluidigm Corp. 26,439 99,411 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) * FONAR Corp. 695 $ 17,862 #* Genesis Healthcare, Inc. 34,599 49,823 #* Geron Corp. 20,129 53,342 #* Haemonetics Corp. 34,878 1,434,532 #* Halyard Health, Inc. 296,637 11,930,740 * Harvard Bioscience, Inc. 295,052 826,146 * HealthStream, Inc. 285,089 6,733,802 #* Heska Corp. 8,008 877,196 * HMS Holdings Corp. 417,325 8,379,886 #* Horizon Pharma P.L.C. 38,839 465,291 * Icad, Inc. 5,421 21,142 * Immune Design Corp. 4,498 55,325 * Impax Laboratories, Inc. 222,999 4,315,031 #* Infinity Pharmaceuticals, Inc. 187,068 267,507 * InfuSystem Holdings, Inc. 5,697 10,539 #* Innoviva, Inc. 301,631 4,138,377 * Inogen, Inc. 130,883 12,352,738 #* Integer Holdings Corp. 281,395 12,887,891 * Intellia Therapeutics, Inc. 6,960 117,206 #* Intra-Cellular Therapies, Inc. 201,256 2,328,532 # Invacare Corp. 279,164 4,368,917 #* InVivo Therapeutics Holdings Corp. 5,000 9,000 * IRIDEX Corp. 60,163 565,532 #* Juniper Pharmaceuticals, Inc. 11,038 54,638 * Karyopharm Therapeutics, Inc. 48,426 408,715 Kewaunee Scientific Corp. 25,060 634,018 * Kindred Biosciences, Inc. 227,467 1,660,509 # Kindred Healthcare, Inc. 1,075,718 9,627,676 Landauer, Inc. 51,249 2,790,508 #* Lannett Co., Inc. 24,987 508,485 * Lantheus Holdings, Inc. 209,359 3,862,674 # LeMaitre Vascular, Inc. 202,320 7,297,682 * LHC Group, Inc. 182,951 10,592,863 #* Lipocine, Inc. 20,242 102,627 # Luminex Corp. 330,545 6,753,034 * MacroGenics, Inc. 36,805 608,019 * Magellan Health, Inc. 46,317 3,452,932 #* MediciNova, Inc. 10,785 56,190 # Meridian Bioscience, Inc. 357,267 4,840,968 * Merit Medical Systems, Inc. 488,318 20,021,038 * Micron Solutions, Inc. 16,626 65,839 #* Mirati Therapeutics, Inc. 78,391 391,955 * Misonix, Inc. 62,661 532,618 #* Momenta Pharmaceuticals, Inc. 52,791 873,691 #* Myriad Genetics, Inc. 230,491 5,594,017 National HealthCare Corp. 103,287 6,731,214 National Research Corp. Class A 200,790 5,903,226 National Research Corp. Class B 33,719 1,700,786 #* Natus Medical, Inc. 370,921 13,056,419 #* NeoGenomics, Inc. 121,272 1,146,020 * Neurotrope, Inc. 13,137 60,956 #* NewLink Genetics Corp. 27,523 198,716 * Novus Therapeutics, Inc. 1,116 4,475 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Nuvectra Corp. 114,255 $ 1,332,213 #* Omnicell, Inc. 390,314 19,359,574 #* OraSure Technologies, Inc. 496,911 8,715,819 * Orthofix International NV 193,668 8,401,318 #* Otonomy, Inc. 117,817 2,214,960 #* OvaScience, Inc. 6,702 10,187 #* Pain Therapeutics, Inc. 19,288 65,772 # PDL BioPharma, Inc. 902,052 2,047,658 #* Pfenex, Inc. 17,154 74,620 * PharMerica Corp. 320,632 8,063,895 Phibro Animal Health Corp. Class A 92,153 3,520,245 #* Progenics Pharmaceuticals, Inc. 10,956 66,065 * ProPhase Labs, Inc. 45,884 95,898 #* Proteostasis Therapeutics, Inc. 15,043 42,722 #* Providence Service Corp. (The) 165,230 8,515,954 Psychemedics Corp. 7,260 185,566 #* PTC Therapeutics, Inc. 42,825 883,051 #* Quality Systems, Inc. 501,718 8,579,378 #* Quidel Corp. 206,042 6,591,284 * Quorum Health Corp. 104,027 354,732 #* RadNet, Inc. 272,353 2,097,118 #* Repligen Corp. 327,523 13,189,351 #* Retrophin, Inc. 149,317 3,022,176 * RTI Surgical, Inc. 470,871 2,683,965 * Sangamo Therapeutics, Inc. 8,538 73,427 * SciClone Pharmaceuticals, Inc. 567,595 6,215,165 #* SeaSpine Holdings Corp. 39,034 440,304 * Select Medical Holdings Corp. 196,522 3,183,656 #* Seres Therapeutics, Inc. 4,999 67,636 #* Sientra, Inc. 4,351 44,728 # Simulations Plus, Inc. 129,593 1,917,976 #* Soligenix, Inc. 13,699 32,193 #* Sorrento Therapeutics, Inc. 13,797 26,904 #* Spectrum Pharmaceuticals, Inc. 494,423 3,688,396 #* Stemline Therapeutics, Inc. 27,912 256,790 #* Sucampo Pharmaceuticals, Inc. Class A 355,676 3,859,085 * Supernus Pharmaceuticals, Inc. 269,676 10,908,394 #* Surgery Partners, Inc. 57,599 1,143,340 * Surmodics, Inc. 141,306 3,716,348 #* Syndax Pharmaceuticals, Inc. 3,243 39,273 #* Tenet Healthcare Corp. 32,594 565,506 * Tetraphase Pharmaceuticals, Inc. 170,915 1,117,784 #* Titan Pharmaceuticals, Inc. 3,656 6,946 * Tivity Health, Inc. 374,675 14,855,864 * Tonix Pharmaceuticals Holding Corp. 9,821 38,597 #* Trevena, Inc. 39,148 102,176 * Triple-S Management Corp. Class B 144,886 2,242,835 US Physical Therapy, Inc. 140,876 8,889,276 Utah Medical Products, Inc. 47,236 3,264,008 #* Varex Imaging Corp. 23,228 716,584 #* Verastem, Inc. 106,306 385,891 #* Voyager Therapeutics, Inc. 29,343 241,786 #* XBiotech, Inc. 15,923 73,087 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) #* Xencor, Inc. 85,930 $ 2,006,465 #* Zafgen, Inc. 132,203 446,846 #* Zogenix, Inc. 94,426 1,133,112 ------------ Total Health Care 598,331,810 ------------ Industrials -- (18.1%) # AAON, Inc. 421,106 14,233,383 AAR Corp. 290,650 10,870,310 #* Acacia Research Corp. 89,061 307,260 * ACCO Brands Corp. 707,294 8,239,975 Acme United Corp. 31,085 860,122 # Actuant Corp. Class A 73,212 1,771,730 # Advanced Drainage Systems, Inc. 51,430 1,056,887 * Aegion Corp. 313,767 7,511,582 #* AeroCentury Corp. 9,017 115,418 * Aerojet Rocketdyne Holdings, Inc. 455,303 10,676,855 #* Aerovironment, Inc. 226,435 8,556,979 * Air Transport Services Group, Inc. 486,146 11,842,517 # Aircastle, Ltd. 210,900 4,964,586 # Alamo Group, Inc. 93,021 8,651,883 # Albany International Corp. Class A 280,221 14,991,823 Allied Motion Technologies, Inc. 68,310 2,021,293 Altra Industrial Motion Corp. 294,050 13,099,927 * Ameresco, Inc. Class A 106,947 700,503 # American Railcar Industries, Inc. 168,698 6,203,025 * American Superconductor Corp. 5,830 18,598 * American Woodmark Corp. 142,945 14,030,052 * AMREP Corp. 66,450 457,176 # Apogee Enterprises, Inc. 291,143 15,165,639 * ARC Document Solutions, Inc. 360,286 1,246,590 ArcBest Corp. 190,450 5,294,510 # Argan, Inc. 173,013 11,150,688 #* Armstrong Flooring, Inc. 117,798 2,044,973 #* Arotech Corp. 118,509 426,632 * Art's-Way Manufacturing Co., Inc. 200 550 Astec Industries, Inc. 190,204 9,561,555 * Astronics Corp. 161,781 4,732,094 #* Astronics Corp. Class B 6,976 204,571 #* Atlas Air Worldwide Holdings, Inc. 104,895 6,230,763 * Avalon Holdings Corp. Class A 20,575 46,705 #* Axon Enterprise, Inc. 538,938 13,252,485 AZZ, Inc. 202,013 10,242,059 #* Babcock & Wilcox Enterprises, Inc. 277,447 2,913,194 Barrett Business Services, Inc. 24,128 1,327,764 * Blue Bird Corp. 9,917 176,027 * BlueLinx Holdings, Inc. 19,319 201,884 #* BMC Stock Holdings, Inc. 177,944 3,914,768 Brady Corp. Class A 181,249 6,017,467 Briggs & Stratton Corp. 387,579 9,077,100 Brink's Co. (The) 222,778 17,410,101 #* Broadwind Energy, Inc. 29,075 128,512 #* Builders FirstSource, Inc. 513,027 8,039,133 * CAI International, Inc. 133,926 3,512,879 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Casella Waste Systems, Inc. Class A 462,261 $ 7,756,740 * CBIZ, Inc. 552,054 8,198,002 * CDI Corp. 135,366 1,116,770 # CECO Environmental Corp. 206,421 1,994,027 # Celadon Group, Inc. 206,264 938,501 #* Cenveo, Inc. 1,669 10,014 #* Chart Industries, Inc. 327,040 11,119,360 # Chicago Rivet & Machine Co. 17,700 650,298 # CIRCOR International, Inc. 179,231 8,972,304 * Civeo Corp. 25,718 49,636 #* Cogint, Inc. 7,665 33,726 Columbus McKinnon Corp. 162,665 4,196,757 Comfort Systems USA, Inc. 378,197 12,593,960 #* Command Security Corp. 17,842 56,559 * Commercial Vehicle Group, Inc. 181,549 1,594,000 CompX International, Inc. 18,270 264,915 * Continental Building Products, Inc. 340,674 7,494,828 * Continental Materials Corp. 14,518 323,751 * Covenant Transportation Group, Inc. Class A 121,098 2,270,588 #* CPI Aerostructures, Inc. 63,446 602,737 CRA International, Inc. 100,515 3,900,987 * CSW Industrials, Inc. 16,367 639,131 Cubic Corp. 137,734 6,563,025 * DigitalGlobe, Inc. 39,532 1,379,667 DMC Global, Inc. 109,679 1,524,538 # Douglas Dynamics, Inc. 257,814 8,198,485 * Ducommun, Inc. 96,736 2,801,475 * DXP Enterprises, Inc. 149,654 4,278,608 #* Eagle Bulk Shipping, Inc. 20,831 90,198 Eastern Co. (The) 55,897 1,626,603 #* Echo Global Logistics, Inc. 253,136 3,455,306 Ecology and Environment, Inc. Class A 19,292 241,150 Encore Wire Corp. 197,852 8,824,199 #* Energy Focus, Inc. 3,592 7,831 * Engility Holdings, Inc. 177,120 5,166,590 Ennis, Inc. 220,827 4,250,920 EnPro Industries, Inc. 111,990 8,625,470 # EnviroStar, Inc. 33,694 854,143 # ESCO Technologies, Inc. 177,756 10,967,545 Espey Manufacturing & Electronics Corp. 35,187 790,652 # Essendant, Inc. 194,611 2,428,745 #* ExOne Co. (The) 13,293 149,812 Exponent, Inc. 266,014 17,344,113 Federal Signal Corp. 650,662 12,037,247 Forward Air Corp. 306,722 15,897,401 #* Franklin Covey Co. 167,415 3,122,290 Franklin Electric Co., Inc. 117,324 4,739,890 FreightCar America, Inc. 90,400 1,486,176 * FTI Consulting, Inc. 182,631 5,992,123 * Fuel Tech, Inc. 41,256 35,893 #* Genco Shipping & Trading, Ltd. 9,101 92,648 * Gencor Industries, Inc. 55,147 885,109 # General Cable Corp. 168,638 3,254,713 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Gibraltar Industries, Inc. 309,471 $ 9,237,709 Global Brass & Copper Holdings, Inc. 161,370 5,171,908 #* Golden Ocean Group, Ltd. 11,471 82,476 * Goldfield Corp. (The) 180,868 922,427 Gorman-Rupp Co. (The) 259,038 7,828,128 * GP Strategies Corp. 173,016 4,956,908 Graham Corp. 69,224 1,385,172 # Granite Construction, Inc. 8,544 418,827 * Great Lakes Dredge & Dock Corp. 433,227 1,711,247 # Greenbrier Cos., Inc. (The) 203,120 9,140,400 # Griffon Corp. 407,018 8,343,869 # H&E Equipment Services, Inc. 344,513 7,775,658 Hardinge, Inc. 96,286 1,165,061 * Harsco Corp. 290,702 4,491,346 #* HC2 Holdings, Inc. 71,453 429,433 # Heartland Express, Inc. 192,364 4,064,651 Heidrick & Struggles International, Inc. 153,018 2,769,626 #* Herc Holdings, Inc. 242,608 11,009,551 * Heritage-Crystal Clean, Inc. 26,428 496,846 Herman Miller, Inc. 24,178 814,194 #* Hertz Global Holdings, Inc. 80,525 1,100,777 #* Hill International, Inc. 330,062 1,666,813 Houston Wire & Cable Co. 182,716 1,050,617 * Hub Group, Inc. Class A 284,467 9,686,101 # Hudson Global, Inc. 216,487 290,093 #* Hudson Technologies, Inc. 268,542 2,172,505 Hurco Cos., Inc. 55,394 1,825,232 * Huron Consulting Group, Inc. 219,544 7,793,812 #* Huttig Building Products, Inc. 158,270 1,128,465 # Hyster-Yale Materials Handling, Inc. 100,525 7,123,201 * ICF International, Inc. 127,837 5,784,624 #* IES Holdings, Inc. 157,042 2,669,714 * InnerWorkings, Inc. 605,690 7,141,085 * Innovative Solutions & Support, Inc. 139,210 558,232 Insperity, Inc. 161,328 12,180,264 Insteel Industries, Inc. 220,200 5,795,664 Interface, Inc. 675,348 12,797,845 #* Intersections, Inc. 120,099 527,235 Kadant, Inc. 95,013 7,415,765 # Kaman Corp. 281,442 14,387,315 Kelly Services, Inc. Class A 273,774 6,096,947 Kelly Services, Inc. Class B 635 14,338 * Key Technology, Inc. 49,705 710,782 #* KEYW Holding Corp. (The) 94,878 837,773 Kforce, Inc. 307,035 5,741,554 Kimball International, Inc. Class B 351,725 5,863,256 Knoll, Inc. 533,971 10,337,679 Korn/Ferry International 413,737 13,839,503 #* Kratos Defense & Security Solutions, Inc. 432,847 4,763,481 * Lawson Products, Inc. 81,198 1,871,614 * Layne Christensen Co. 145,371 1,539,479 LB Foster Co. Class A 104,091 1,832,002 Lindsay Corp. 94,854 8,695,266 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) LS Starrett Co. (The) Class A 49,444 $ 395,552 LSC Communications, Inc. 46,707 998,596 LSI Industries, Inc. 221,468 1,853,687 * Lydall, Inc. 190,887 9,448,906 #* Manitex International, Inc. 9,596 67,844 #* Manitowoc Co., Inc. (The) 1,344,824 7,678,945 Marten Transport, Ltd. 493,176 7,866,157 #* MasTec, Inc. 88,745 4,100,019 #* Mastech Digital, Inc. 18,352 173,243 Matson, Inc. 238,181 6,716,704 Matthews International Corp. Class A 92,502 6,063,506 # McGrath RentCorp 240,513 8,545,427 * Mercury Systems, Inc. 331,400 14,551,774 #* Meritor, Inc. 953,195 16,471,210 #* Milacron Holdings Corp. 33,104 595,210 Miller Industries, Inc. 81,772 2,134,249 #* Mistras Group, Inc. 194,894 3,927,114 # Mobile Mini, Inc. 208,412 6,419,090 * MRC Global, Inc. 588,204 9,611,253 Mueller Industries, Inc. 8,000 252,000 Mueller Water Products, Inc. Class A 796,047 9,234,145 # Multi-Color Corp. 155,090 12,484,745 * MYR Group, Inc. 141,325 4,495,548 # National Presto Industries, Inc. 42,780 4,838,418 * Navigant Consulting, Inc. 367,289 6,218,203 * NCI Building Systems, Inc. 357,577 6,436,386 #* Neff Corp. Class A 42,721 897,141 * NL Industries, Inc. 253,279 1,975,576 NN, Inc. 206,992 5,733,678 * Northwest Pipe Co. 92,112 1,391,812 * NOW, Inc. 172,287 2,744,532 #* NV5 Global, Inc. 40,532 1,684,105 #* Ocean Power Technologies, Inc. 7,764 10,093 # Omega Flex, Inc. 99,399 5,967,916 #* Orion Energy Systems, Inc. 35,439 41,109 * Orion Group Holdings, Inc. 163,174 1,145,481 * PAM Transportation Services, Inc. 40,566 711,122 Park-Ohio Holdings Corp. 97,501 3,875,665 #* Patrick Industries, Inc. 172,176 13,102,594 * Patriot Transportation Holding, Inc. 30,858 617,314 * Pendrell Corp. 12,595 87,913 * Performant Financial Corp. 275,215 550,430 * Perma-Fix Environmental Services 1,994 7,278 * Perma-Pipe International Holdings, Inc. 57,134 451,359 #* PGT Innovations, Inc. 445,097 5,786,261 #* Pioneer Power Solutions, Inc. 3,481 22,278 * Ply Gem Holdings, Inc. 219,287 3,837,522 Powell Industries, Inc. 105,171 3,349,696 #* Power Solutions International, Inc. 9,735 97,350 Preformed Line Products Co. 51,141 2,491,590 Primoris Services Corp. 394,172 9,822,766 #* Proto Labs, Inc. 5,839 431,502 Quad/Graphics, Inc. 131,710 2,958,207 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # Quanex Building Products Corp. 305,860 $ 6,575,990 * Radiant Logistics, Inc. 108,612 470,290 # Raven Industries, Inc. 391,690 13,474,136 #* RBC Bearings, Inc. 5,231 540,572 * RCM Technologies, Inc. 111,638 593,914 Resources Connection, Inc. 329,714 4,401,682 * Roadrunner Transportation Systems, Inc. 225,772 1,575,889 * RPX Corp. 343,499 4,695,631 # RR Donnelley & Sons Co. 166,817 2,061,858 * Rush Enterprises, Inc. Class A 232,414 10,024,016 * Rush Enterprises, Inc. Class B 93,540 3,805,207 * Saia, Inc. 216,736 11,779,602 Servotronics, Inc. 24,804 235,365 * SIFCO Industries, Inc. 45,608 305,574 SkyWest, Inc. 338,876 12,368,974 * SP Plus Corp. 173,224 5,664,425 * Sparton Corp. 49,766 1,147,604 Spartan Motors, Inc. 251,013 2,221,465 * SPX Corp. 184,840 5,086,797 * SPX FLOW, Inc. 239,585 8,495,684 Standex International Corp. 136,665 13,113,007 Steelcase, Inc. Class A 62,827 857,589 * Sterling Construction Co., Inc. 190,721 2,437,414 # Sun Hydraulics Corp. 259,337 10,726,178 Supreme Industries, Inc. Class A 161,149 2,423,681 #* Team, Inc. 294,403 4,224,683 #* Tel-Instrument Electronics Corp. 18,440 69,150 Tennant Co. 171,312 12,942,622 #* Thermon Group Holdings, Inc. 216,354 3,866,246 Titan International, Inc. 453,125 5,777,344 * Titan Machinery, Inc. 142,280 2,539,698 * Transcat, Inc. 42,500 552,500 #* Trex Co., Inc. 189,783 14,273,579 * TriMas Corp. 378,274 9,210,972 * TriNet Group, Inc. 135,898 4,756,430 Triton International, Ltd. 53,956 1,945,653 # Triumph Group, Inc. 219,219 5,612,006 * TrueBlue, Inc. 444,303 11,351,942 #* Tutor Perini Corp. 261,705 6,961,353 #* Twin Disc, Inc. 88,195 1,492,259 * Ultralife Corp. 106,484 734,740 # Universal Forest Products, Inc. 111,015 9,308,608 Universal Logistics Holdings, Inc. 83,013 1,207,839 # US Ecology, Inc. 243,556 12,640,556 #* USA Truck, Inc. 61,432 568,860 * Vectrus, Inc. 19,230 654,012 * Veritiv Corp. 58,649 2,178,810 * Versar, Inc. 35,381 41,396 Viad Corp. 189,393 10,141,995 * Vicor Corp. 253,461 4,498,933 * Virco Manufacturing Corp. 133,476 727,444 * Volt Information Sciences, Inc. 184,590 673,754 # VSE Corp. 67,075 3,477,839 # Wabash National Corp. 658,603 12,566,145 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Industrials -- (Continued) #* Wesco Aircraft Holdings, Inc. 394,989 $ 4,285,631 West Corp. 3,652 85,347 #* Willdan Group, Inc. 60,852 2,045,236 * Willis Lease Finance Corp. 75,708 1,913,898 * Xerium Technologies, Inc. 25,580 185,967 #* YRC Worldwide, Inc. 384,066 5,104,237 -------------- Total Industrials 1,237,915,602 -------------- Information Technology -- (12.4%) #* Actua Corp. 431,373 5,823,535 * ADDvantage Technologies Group, Inc. 84,703 128,749 ADTRAN, Inc. 548,918 12,872,127 * Advanced Energy Industries, Inc. 201,996 14,654,810 * Agilysys, Inc. 205,012 2,062,421 * Alpha & Omega Semiconductor, Ltd. 169,490 2,999,973 American Software, Inc. Class A 224,049 2,173,275 * Amtech Systems, Inc. 98,930 873,552 #* Angie's List, Inc. 81,440 975,651 #* Applied Optoelectronics, Inc. 81,995 7,993,693 AstroNova, Inc. 58,981 813,938 #* Asure Software, Inc. 14,249 186,947 * Autobytel, Inc. 58,798 647,366 * Aviat Networks, Inc. 21,209 398,941 #* Avid Technology, Inc. 434,837 2,239,411 * Aware, Inc. 144,939 666,719 * Axcelis Technologies, Inc. 272,787 6,055,871 * AXT, Inc. 275,263 2,408,551 # Badger Meter, Inc. 331,482 14,999,560 * Bankrate, Inc. 230,053 3,197,737 * Barracuda Networks, Inc. 242,677 5,452,952 * Bazaarvoice, Inc. 406,172 1,909,008 Bel Fuse, Inc. Class A 33,988 737,540 # Bel Fuse, Inc. Class B 98,107 2,477,202 * Benchmark Electronics, Inc. 359,035 12,081,528 Black Box Corp. 156,084 1,233,064 * Blucora, Inc. 305,788 6,849,651 * Bottomline Technologies de, Inc. 142,066 4,046,040 #* BroadSoft, Inc. 11,067 487,501 #* BroadVision, Inc. 16,737 69,459 Brooks Automation, Inc. 501,543 12,317,896 * BSQUARE Corp. 103,061 587,448 Cabot Microelectronics Corp. 221,606 16,432,085 #* CalAmp Corp. 393,226 7,510,617 * Calix, Inc. 485,004 3,322,277 #* Carbonite, Inc. 169,447 3,998,949 #* Cardtronics P.L.C. Class A 27,262 853,301 #* Cars.com, Inc. 4,610 112,023 Cass Information Systems, Inc. 72,186 4,761,389 * Ceva, Inc. 165,004 7,631,435 * Clearfield, Inc. 101,950 1,172,425 # Cohu, Inc. 181,176 3,301,027 * CommerceHub, Inc. Series A 18,326 334,266 Communications Systems, Inc. 79,847 343,342 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) Computer Task Group, Inc. 195,076 $ 1,076,820 Comtech Telecommunications Corp. 157,801 2,840,418 Concurrent Computer Corp. 34,201 230,515 #* Control4 Corp. 84,265 1,925,455 # CPI Card Group, Inc. 2,634 7,770 #* Cray, Inc. 293,327 6,042,536 CSG Systems International, Inc. 350,580 14,496,483 CSP, Inc. 49,891 511,882 CTS Corp. 259,220 5,702,840 #* CUI Global, Inc. 3,773 12,111 #* CVD Equipment Corp. 29,398 329,258 #* CyberOptics Corp. 63,094 1,041,051 # Daktronics, Inc. 376,255 3,679,774 * DASAN Zhone Solutions, Inc. 8,601 61,583 * Data I/O Corp. 78,900 620,154 * Datawatch Corp. 18,646 211,632 * Determine, Inc. 26,569 54,998 * DHI Group, Inc. 589,612 1,297,146 * Digi International, Inc. 227,373 2,376,048 #* Digital Ally, Inc. 7,616 26,656 * Diodes, Inc. 313,503 8,317,235 * DSP Group, Inc. 226,613 2,855,324 * Eastman Kodak Co. 78,569 746,406 # Ebix, Inc. 110,265 6,367,804 * Edgewater Technology, Inc. 89,428 634,045 * Electro Scientific Industries, Inc. 272,959 2,361,095 * Electro-Sensors, Inc. 3,450 10,971 #* eMagin Corp. 17,857 46,428 Emcore Corp. 159,150 1,846,140 #* Endurance International Group Holdings, Inc. 12,060 111,555 * EnerNOC, Inc. 223,577 1,710,364 #* Envestnet, Inc. 76,487 2,986,817 * ePlus, Inc. 121,942 9,865,108 * Everi Holdings, Inc. 646,708 4,824,442 * Evolving Systems, Inc. 38,187 187,116 #* Exa Corp. 16,768 236,932 * ExlService Holdings, Inc. 333,971 19,220,031 #* Extreme Networks, Inc. 481,464 4,232,069 #* Fabrinet 356,201 16,032,607 * FARO Technologies, Inc. 146,399 5,782,761 * Finjan Holdings, Inc. 13,359 41,947 #* Fitbit, Inc. Class A 12,694 65,501 * FormFactor, Inc. 600,213 7,862,790 Forrester Research, Inc. 245,923 10,033,658 #* Frequency Electronics, Inc. 74,860 643,796 #* Gigamon, Inc. 15,434 613,502 GlobalSCAPE, Inc. 22,325 113,858 #* Globant SA 24,818 1,140,883 #* Glu Mobile, Inc. 27,349 74,663 * GSE Systems, Inc. 119,569 334,793 #* GSI Technology, Inc. 106,413 772,558 #* GTT Communications, Inc. 392,222 11,982,382 Hackett Group, Inc. (The) 373,226 6,128,371 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* Harmonic, Inc. 995,172 $ 4,080,205 * ID Systems, Inc. 55,135 376,572 * Identiv, Inc. 10,081 51,514 * IEC Electronics Corp. 21,736 85,422 * II-VI, Inc. 193,128 7,358,177 #* Image Sensing Systems, Inc. 2,530 9,108 #* Immersion Corp. 24,552 209,674 #* Infinera Corp. 519,344 6,091,905 #* Information Services Group, Inc. 7,565 30,487 * Innodata, Inc. 217,125 369,113 #* Inphi Corp. 37,627 1,444,877 #* Inseego Corp. 63,129 74,492 * Insight Enterprises, Inc. 311,814 12,634,703 * Intelligent Systems Corp. 4,600 16,790 #* Internap Corp. 467,289 1,775,698 * inTEST Corp. 86,041 748,557 * Intevac, Inc. 172,456 1,957,376 * IntriCon Corp. 53,872 404,040 * Inuvo, Inc. 14,196 15,300 * iPass, Inc. 232,145 283,217 * Iteris, Inc. 52,380 329,470 IXYS Corp. 295,404 5,140,030 * Kemet Corp. 341,475 5,753,854 * Key Tronic Corp. 24,728 179,773 * Kimball Electronics, Inc. 183,216 3,563,551 #* Knowles Corp. 186,619 2,827,278 #* Kopin Corp. 666,676 2,533,369 * Kulicke & Soffa Industries, Inc. 582,384 12,544,551 * KVH Industries, Inc. 155,678 1,696,890 #* Lattice Semiconductor Corp. 843,126 5,868,157 * Leaf Group, Ltd. 177,495 1,340,087 * LGL Group, Inc. (The) 29,250 133,673 * Lightpath Technologies, Inc. Class A 7,150 18,447 * Limelight Networks, Inc. 744,148 2,544,986 * Liquidity Services, Inc. 105,720 718,896 #* MagnaChip Semiconductor Corp. 86,929 947,526 ManTech International Corp. Class A 152,075 6,040,419 * Marchex, Inc. Class B 240,412 697,195 * Marin Software, Inc. 7,727 9,272 #* MaxLinear, Inc. 165,705 4,341,471 * Maxwell Technologies, Inc. 233,157 1,363,968 #* Meet Group, Inc.(The) 670,443 3,365,624 # Mesa Laboratories, Inc. 31,531 4,557,175 Methode Electronics, Inc. 408,852 16,251,867 #* ModusLink Global Solutions, Inc. 228,865 384,493 * MoneyGram International, Inc. 163,180 2,663,098 # Monotype Imaging Holdings, Inc. 376,343 7,094,066 * MRV Communications, Inc. 54,222 539,509 # MTS Systems Corp. 166,062 8,751,467 * Nanometrics, Inc. 234,010 6,236,366 * Napco Security Technologies, Inc. 274,172 2,508,674 * NCI, Inc. Class A 57,103 1,139,205 #* NeoPhotonics Corp. 439,875 3,549,791 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * NETGEAR, Inc. 237,290 $11,366,191 # Network-1 Technologies, Inc. 32,802 141,049 # NIC, Inc. 615,769 10,006,246 * Novanta, Inc. 185,289 6,837,164 #* Numerex Corp. Class A 74,780 354,083 NVE Corp. 4,749 374,601 #* Oclaro, Inc. 507,703 4,965,335 #* Onvia, Inc. 6,308 28,386 * Optical Cable Corp. 55,836 125,631 #* OSI Systems, Inc. 216,618 17,322,941 * PAR Technology Corp. 132,932 1,191,071 # Park Electrochemical Corp. 201,962 3,794,866 PC Connection, Inc. 112,238 2,895,740 PC-Tel, Inc. 176,904 1,257,787 * PCM, Inc. 120,521 1,491,447 #* PDF Solutions, Inc. 276,784 4,442,383 * Perceptron, Inc. 68,295 495,822 * Perficient, Inc. 347,870 6,539,956 * PFSweb, Inc. 126,853 991,990 * Photronics, Inc. 448,484 4,507,264 #* Planet Payment, Inc. 192,950 625,158 Plantronics, Inc. 20,898 944,172 #* Plexus Corp. 252,780 13,551,536 Power Integrations, Inc. 58,810 4,154,927 * PRGX Global, Inc. 140,269 876,681 #* Professional Diversity Network, Inc. 1,600 8,400 Progress Software Corp. 389,221 12,458,964 QAD, Inc. Class A 102,799 3,222,749 QAD, Inc. Class B 29,836 773,946 #* Qualstar Corp. 15,022 110,562 #* Qualys, Inc. 133,781 5,371,307 * Quantum Corp. 23,792 192,715 * QuinStreet, Inc. 137,036 533,070 * Qumu Corp. 85,784 222,181 #* Radisys Corp. 273,241 666,708 #* Rambus, Inc. 869,540 11,208,371 #* RealNetworks, Inc. 369,481 1,607,242 Reis, Inc. 95,310 2,039,634 # Relm Wireless Corp. 40,346 143,228 # RF Industries, Ltd. 56,930 105,321 # Richardson Electronics, Ltd. 102,521 600,773 #* Rocket Fuel, Inc. 15,448 40,165 * Rogers Corp. 148,540 17,523,264 * Rosetta Stone, Inc. 43,080 446,309 * Rubicon Project, Inc. (The) 164,416 772,755 #* Rubicon Technology, Inc. 2,007 16,377 * Rudolph Technologies, Inc. 350,292 8,669,727 #* Sapiens International Corp. NV 3,598 42,924 * ScanSource, Inc. 226,042 8,951,263 #* Seachange International, Inc. 377,400 1,071,816 * Semtech Corp. 15,019 594,752 #* ServiceSource International, Inc. 94,596 359,465 #* Sevcon, Inc. 56,400 1,232,340 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) * ShoreTel, Inc. 562,488 $ 4,190,536 #* Shutterstock, Inc. 37,815 1,593,524 * Sigma Designs, Inc. 357,238 2,322,047 #* Sigmatron International, Inc. 9,685 80,967 #* Silver Spring Networks, Inc. 88,351 999,250 * SMTC Corp. 12,219 14,907 #* SolarEdge Technologies, Inc. 40,500 929,475 * Sonic Foundry, Inc. 17,866 64,854 * Sonus Networks, Inc. 447,162 3,054,116 #* Stamps.com, Inc. 21,532 3,188,889 * StarTek, Inc. 136,200 1,675,260 * Stratasys, Ltd. 106,016 2,543,324 #* Super Micro Computer, Inc. 422,597 11,346,729 * Sykes Enterprises, Inc. 389,234 13,233,956 #* Synchronoss Technologies, Inc. 64,341 1,086,076 # Syntel, Inc. 137,329 2,676,542 Systemax, Inc. 330,082 5,981,086 #* TechTarget, Inc. 69,136 663,014 * Telenav, Inc. 235,000 1,762,500 TeleTech Holdings, Inc. 233,029 9,740,612 Tessco Technologies, Inc. 64,830 865,481 TransAct Technologies, Inc. 90,009 796,580 Travelport Worldwide, Ltd. 415,151 5,936,659 * Travelzoo 75,888 796,824 #* Tremor Video, Inc. 14,021 29,304 * Trio-Tech International 3,392 15,908 #* TrueCar, Inc. 12,778 241,888 TSR, Inc. 60,552 257,346 #* TTM Technologies, Inc. 665,422 11,565,034 * Ultra Clean Holdings, Inc. 251,337 5,893,853 #* Unisys Corp. 439,788 5,629,286 #* VASCO Data Security International, Inc. 87,862 1,186,137 * Veeco Instruments, Inc. 437,242 13,467,054 #* Viavi Solutions, Inc. 564,959 6,197,600 #* Virtusa Corp. 352,752 11,693,729 * Vishay Precision Group, Inc. 108,345 1,896,038 # Wayside Technology Group, Inc. 31,517 542,092 #* Web.com Group, Inc. 472,913 10,380,440 * Wireless Telecom Group, Inc. 225,386 333,571 * Xcerra Corp. 394,368 3,829,313 * XO Group, Inc. 223,568 4,086,823 # Xperi Corp. 297,497 8,701,787 YuMe, Inc. 57,301 248,686 * Zedge, Inc. Class B 70,067 145,039 #* Zix Corp. 502,148 2,676,449 ------------ Total Information Technology 847,405,099 ------------ Materials -- (4.5%) A Schulman, Inc. 332,055 8,733,047 #* AdvanSix, Inc. 54,035 1,809,092 #* AgroFresh Solutions, Inc. 69,082 538,840 #* AK Steel Holding Corp. 176,668 999,941 * American Biltrite, Inc. 561 186,227 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) American Vanguard Corp. 214,416 $ 3,795,163 Ampco-Pittsburgh Corp. 84,845 1,226,010 #* BioAmber, Inc. 11,601 23,550 #* Boise Cascade Co. 327,845 9,950,096 # Calgon Carbon Corp. 559,391 8,950,256 # Carpenter Technology Corp. 101,007 4,083,713 #* Century Aluminum Co. 544,866 9,142,851 Chase Corp. 81,573 8,813,963 * Clearwater Paper Corp. 202,674 9,961,427 #* Cliffs Natural Resources, Inc. 275,661 2,128,103 * Coeur Mining, Inc. 227,276 1,881,845 * Core Molding Technologies, Inc. 66,816 1,274,181 # Deltic Timber Corp. 103,251 7,447,495 * Ferro Corp. 908,572 17,480,925 # Ferroglobe P.L.C. 347,266 4,438,059 #* Flotek Industries, Inc. 344,464 2,900,387 Friedman Industries, Inc. 67,700 366,934 # FutureFuel Corp. 216,951 3,158,807 # Gold Resource Corp. 40,101 170,028 * Handy & Harman, Ltd. 500 16,550 Hawkins, Inc. 100,689 4,525,971 Haynes International, Inc. 83,494 2,611,692 Innophos Holdings, Inc. 209,146 8,736,028 Innospec, Inc. 254,933 15,907,819 #* Intrepid Potash, Inc. 479,602 1,453,194 # Kaiser Aluminum Corp. 167,047 16,252,003 KapStone Paper and Packaging Corp. 12,030 275,006 # KMG Chemicals, Inc. 80,007 4,049,954 * Koppers Holdings, Inc. 109,608 3,978,770 #* Kraton Corp. 261,886 9,742,159 # Kronos Worldwide, Inc. 15,827 337,432 #* LSB Industries, Inc. 170,015 1,203,706 Materion Corp. 137,452 5,285,029 # McEwen Mining, Inc. 73,816 192,660 Mercer International, Inc. 339,143 3,730,573 Myers Industries, Inc. 323,192 5,494,264 Neenah Paper, Inc. 165,819 13,248,938 * Northern Technologies International Corp. 38,414 701,056 Olympic Steel, Inc. 88,424 1,511,166 * OMNOVA Solutions, Inc. 405,136 3,808,278 PH Glatfelter Co. 391,267 8,009,236 # Quaker Chemical Corp. 110,026 15,609,389 # Rayonier Advanced Materials, Inc. 185,410 2,764,463 #* Real Industry, Inc. 54,312 160,220 #* Resolute Forest Products, Inc. 114,517 532,504 * Ryerson Holding Corp. 136,046 1,176,798 # Schnitzer Steel Industries, Inc. Class A 249,212 6,429,670 Schweitzer-Mauduit International, Inc. 205,250 7,885,705 Stepan Co. 164,189 13,491,410 * SunCoke Energy, Inc. 408,565 3,656,657 * Synalloy Corp. 66,453 750,919 #* TimkenSteel Corp. 464,689 7,383,908 #* Trecora Resources 142,228 1,642,733 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) # Tredegar Corp. 331,144 $ 5,000,274 # Tronox, Ltd. Class A 105,352 2,041,722 * UFP Technologies, Inc. 17,456 503,606 United States Lime & Minerals, Inc. 59,955 4,869,545 * Universal Stainless & Alloy Products, Inc. 55,172 1,048,268 #* US Concrete, Inc. 128,720 10,085,212 ------------ Total Materials 305,565,427 ------------ Real Estate -- (0.9%) #* Altisource Asset Management Corp. 6,503 598,276 #* Altisource Portfolio Solutions SA 35,261 919,960 CKX Lands, Inc. 14,943 171,097 # Consolidated-Tomoka Land Co. 53,634 2,973,469 * Forestar Group, Inc. 344,753 5,912,514 #* FRP Holdings, Inc. 91,635 4,228,955 Griffin Industrial Realty, Inc. 48,979 1,576,634 HFF, Inc. Class A 425,510 15,624,727 #* InterGroup Corp. (The) 5,700 147,630 * JW Mays, Inc. 2,700 102,330 #* Marcus & Millichap, Inc. 200,228 5,125,837 * Maui Land & Pineapple Co., Inc. 55,668 965,840 # RE/MAX Holdings, Inc. Class A 145,537 8,462,977 # RMR Group, Inc. (The) Class A 51,685 2,524,812 #* St Joe Co. (The) 230,901 4,167,763 Stratus Properties, Inc. 69,437 1,989,370 #* Tejon Ranch Co. 207,960 4,363,001 * Trinity Place Holdings, Inc. 142,520 990,514 ------------ Total Real Estate 60,845,706 ------------ Telecommunication Services -- (1.5%) * Alaska Communications Systems Group, Inc. 44,843 100,897 ATN International, Inc. 101,309 5,875,922 * Boingo Wireless, Inc. 333,160 4,940,763 #* Cincinnati Bell, Inc. 435,029 8,113,291 # Cogent Communications Holdings, Inc. 157,131 6,560,219 # Consolidated Communications Holdings, Inc. 462,617 8,327,106 #* General Communication, Inc. Class A 439,260 18,743,224 * Hawaiian Telcom Holdco, Inc. 7,720 225,733 # IDT Corp. Class B 233,264 3,454,640 #* Intelsat SA 53,371 169,186 #* Iridium Communications, Inc. 285,416 2,839,889 * LICT Corp. 1 7,995 * Lumos Networks Corp. 193,791 3,470,797 #* ORBCOMM, Inc. 613,766 7,125,823 #* pdvWireless, Inc. 94 2,322 # Shenandoah Telecommunications Co. 497,484 15,297,633 # Spok Holdings, Inc. 142,944 2,344,281 #* Straight Path Communications, Inc. Class B 11,304 2,027,938 * Vonage Holdings Corp. 1,751,207 11,575,478 U.S. MICRO CAP PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Telecommunication Services -- (Continued) # Windstream Holdings, Inc. 960,632 $ 3,640,795 -------------- Total Telecommunication Services 104,843,932 -------------- Utilities -- (2.1%) # American States Water Co. 393,934 19,480,036 Artesian Resources Corp. Class A 39,214 1,525,032 # California Water Service Group 485,896 18,901,354 # Chesapeake Utilities Corp. 156,842 12,116,044 # Connecticut Water Service, Inc. 89,762 5,114,639 Consolidated Water Co., Ltd. 36,999 477,287 # Delta Natural Gas Co., Inc. 41,693 1,268,718 #* Dynegy, Inc. 1,039,857 9,337,916 El Paso Electric Co. 82,405 4,276,820 # Gas Natural, Inc. 24,922 322,740 # Genie Energy, Ltd. Class B 203,193 1,347,170 MGE Energy, Inc. 137,155 9,127,665 # Middlesex Water Co. 125,151 4,910,925 # Northwest Natural Gas Co. 218,122 13,763,498 # Otter Tail Corp. 303,669 12,283,411 # Pattern Energy Group, Inc. 145,590 3,654,309 #* Pure Cycle Corp. 2,259 16,717 # RGC Resources, Inc. 14,094 378,424 SJW Corp. 214,834 11,358,274 # Spark Energy, Inc. Class A 33,012 686,650 * TerraForm Global, Inc. Class A 33,928 173,033 Unitil Corp. 117,521 5,964,191 # York Water Co. (The) 85,073 2,960,540 -------------- Total Utilities 139,445,393 -------------- TOTAL COMMON STOCKS 5,854,134,950 -------------- TOTAL INVESTMENT SECURITIES 5,854,134,950 -------------- TEMPORARY CASH INVESTMENTS -- (0.6%) State Street Institutional U.S. Government Money Market Fund, 0.940% 37,682,048 37,682,048 -------------- SECURITIES LENDING COLLATERAL -- (13.5%) (S)@ DFA Short Term Investment Fund 80,042,570 926,252,615 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,920,185,543)^^ $6,818,069,613 ============== U.S. MICRO CAP PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary $ 889,383,266 $ 11,479 -- $ 889,394,745 Consumer Staples 191,721,178 -- -- 191,721,178 Energy 160,711,583 16,492 -- 160,728,075 Financials 1,317,937,983 -- -- 1,317,937,983 Health Care 598,331,810 -- -- 598,331,810 Industrials 1,237,915,602 -- -- 1,237,915,602 Information Technology 847,405,099 -- -- 847,405,099 Materials 305,565,427 -- -- 305,565,427 Real Estate 60,845,706 -- -- 60,845,706 Telecommunication Services 104,843,932 -- -- 104,843,932 Utilities 139,445,393 -- -- 139,445,393 Temporary Cash Investments 37,682,048 -- -- 37,682,048 Securities Lending Collateral -- 926,252,615 -- 926,252,615 Futures Contracts** 204,092 -- -- 204,092 -------------- ------------ -- -------------- TOTAL $5,891,993,119 $926,280,586 -- $6,818,273,705 ============== ============ == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA REAL ESTATE SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ------------ COMMON STOCKS -- (92.0%) Real Estate -- (92.0%) # Acadia Realty Trust 786,329 $ 23,385,424 # Agree Realty Corp. 247,460 12,167,608 # Alexander's, Inc. 29,951 13,028,386 # Alexandria Real Estate Equities, Inc. 842,788 102,188,045 American Assets Trust, Inc. 325,535 13,219,976 American Campus Communities, Inc. 1,255,493 60,188,334 American Homes 4 Rent Class A 2,072,453 47,687,144 American Tower Corp. 846,298 115,375,806 Apartment Investment & Management Co. Class A 1,491,202 67,924,251 Apple Hospitality REIT, Inc. 1,875,183 34,615,878 # Ashford Hospitality Prime, Inc. 288,468 2,988,528 Ashford Hospitality Trust, Inc. 1,042,089 6,554,740 AvalonBay Communities, Inc. 1,306,173 251,242,377 Bluerock Residential Growth REIT, Inc. 198,618 2,673,398 Boston Properties, Inc. 1,485,349 179,593,548 Brandywine Realty Trust 1,790,886 30,104,794 Brixmor Property Group, Inc. 2,888,376 56,583,286 * BRT Apartments Corp. 2,211 17,677 Camden Property Trust 831,494 74,585,012 # Care Capital Properties, Inc. 798,332 19,335,601 # CareTrust REIT, Inc. 618,420 11,279,981 # CBL & Associates Properties, Inc. 1,665,592 14,640,554 # Cedar Realty Trust, Inc. 787,210 4,077,748 # Chatham Lodging Trust 361,404 7,473,835 # Chesapeake Lodging Trust 569,049 14,357,106 City Office REIT, Inc. 167,000 2,122,570 Columbia Property Trust, Inc. 1,112,129 24,188,806 Condor Hospitality Trust, Inc. 1,705 18,158 # CoreSite Realty Corp. 321,396 34,897,178 # Corporate Office Properties Trust 934,561 31,111,536 Cousins Properties, Inc. 3,574,409 32,848,819 Crown Castle International Corp. 681,005 68,495,483 CubeSmart 1,710,433 42,179,278 # CyrusOne, Inc. 713,848 42,623,864 DCT Industrial Trust, Inc. 894,750 50,410,215 DDR Corp. 3,020,774 30,781,687 # DiamondRock Hospitality Co. 1,899,749 22,189,068 # Digital Realty Trust, Inc. 1,511,514 174,338,025 Douglas Emmett, Inc. 1,378,225 52,730,889 Duke Realty Corp. 3,372,012 96,405,823 # DuPont Fabros Technology, Inc. 716,851 44,681,323 # Easterly Government Properties, Inc. 312,620 6,249,274 # EastGroup Properties, Inc. 318,640 27,779,035 # Education Realty Trust, Inc. 693,641 26,046,220 # Empire State Realty Trust, Inc. Class A 1,461,518 30,531,111 EPR Properties 627,565 45,423,155 Equinix, Inc. 729,425 328,773,730 * Equity Commonwealth 1,170,104 36,951,884 # Equity LifeStyle Properties, Inc. 780,714 68,156,332 Equity Residential 3,481,321 236,938,707 Essex Property Trust, Inc. 629,004 164,610,347 DFA REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Real Estate -- (Continued) # Extra Space Storage, Inc. 1,196,092 $ 95,089,314 Federal Realty Investment Trust 683,759 90,686,956 # FelCor Lodging Trust, Inc. 1,277,855 9,430,570 First Industrial Realty Trust, Inc. 1,109,859 33,872,897 First Potomac Realty Trust 601,104 6,690,288 # Forest City Realty Trust, Inc. Class A 2,292,067 55,880,593 Four Corners Property Trust, Inc. 520,140 13,201,153 Franklin Street Properties Corp. 963,800 10,187,366 Gaming and Leisure Properties, Inc. 1,870,000 70,947,800 Getty Realty Corp. 253,570 6,587,749 # GGP, Inc. 5,475,114 123,792,328 # Gladstone Commercial Corp. 229,193 4,877,227 # Global Net Lease, Inc. 436,241 9,597,302 # Government Properties Income Trust 698,580 12,385,823 # Gramercy Property Trust 1,334,257 40,321,247 HCP, Inc. 4,450,308 140,852,248 Healthcare Realty Trust, Inc. 1,100,419 36,643,953 Healthcare Trust of America, Inc. Class A 1,494,126 45,705,314 # Hersha Hospitality Trust 469,504 8,807,895 Highwoods Properties, Inc. 963,479 49,638,438 Hospitality Properties Trust 1,558,020 45,276,061 # Host Hotels & Resorts, Inc. 7,137,258 133,181,234 Hudson Pacific Properties, Inc. 1,467,570 48,018,890 Independence Realty Trust, Inc. 568,968 5,752,266 Investors Real Estate Trust 1,193,787 7,425,355 # Iron Mountain, Inc. 2,379,313 86,678,373 * JBG SMITH Properties 819,532 29,076,995 Kilroy Realty Corp. 928,148 64,422,753 # Kimco Realty Corp. 4,041,002 81,547,420 # Kite Realty Group Trust 796,288 16,347,793 # Lamar Advertising Co. Class A 159,063 11,225,076 # LaSalle Hotel Properties 1,073,634 31,715,148 Lexington Realty Trust 2,041,986 20,787,417 Liberty Property Trust 1,442,711 60,622,716 # Life Storage, Inc. 440,111 32,145,707 # LTC Properties, Inc. 371,740 19,196,654 Macerich Co. (The) 1,438,568 82,559,418 Mack-Cali Realty Corp. 853,816 22,404,132 # Medical Properties Trust, Inc. 3,099,660 40,233,587 # MGM Growth Properties LLC Class A 123,085 3,683,934 Mid-America Apartment Communities, Inc. 1,102,863 114,179,406 Monmouth Real Estate Investment Corp. 593,294 9,142,661 Monogram Residential Trust, Inc. 1,276,339 15,265,014 # National Health Investors, Inc. 378,204 29,216,259 # National Retail Properties, Inc. 1,396,299 55,824,034 # National Storage Affiliates Trust 392,834 9,019,469 # New Senior Investment Group, Inc. 732,037 7,605,864 # NexPoint Residential Trust, Inc. 134,890 3,384,390 NorthStar Realty Europe Corp. 466,613 6,023,974 # Omega Healthcare Investors, Inc. 1,865,077 58,917,782 One Liberty Properties, Inc. 135,140 3,321,741 Outfront Media, Inc. 251,365 5,748,718 # Paramount Group, Inc. 1,740,497 28,491,936 DFA REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Real Estate -- (Continued) # Park Hotels & Resorts, Inc. 1,124,052 $ 30,270,720 Parkway, Inc. 429,678 9,886,891 # Pebblebrook Hotel Trust 682,819 22,990,516 Pennsylvania REIT 712,124 8,467,154 Physicians Realty Trust 1,430,879 26,642,967 Piedmont Office Realty Trust, Inc. Class A 1,557,104 32,714,755 Prologis, Inc. 5,028,044 305,755,356 PS Business Parks, Inc. 201,619 27,109,691 Public Storage 1,402,330 288,276,978 QTS Realty Trust, Inc. Class A 443,713 23,725,334 * Quality Care Properties, Inc. 906,163 15,241,662 Ramco-Gershenson Properties Trust 762,807 10,747,951 # Realty Income Corp. 2,484,586 141,770,477 # Regency Centers Corp. 1,599,666 105,929,883 # Retail Opportunity Investments Corp. 1,036,819 21,026,689 Retail Properties of America, Inc. Class A 2,251,454 29,786,736 Rexford Industrial Realty, Inc. 625,193 17,830,504 RLJ Lodging Trust 1,250,149 26,453,153 Ryman Hospitality Properties, Inc. 435,289 27,244,739 # Sabra Health Care REIT, Inc. 617,197 14,318,970 Saul Centers, Inc. 130,628 7,727,952 * SBA Communications Corp. 462,189 63,574,097 Select Income REIT 635,337 14,911,359 Senior Housing Properties Trust 2,256,754 43,893,865 # Seritage Growth Properties REIT Class A 31,870 1,490,560 Simon Property Group, Inc. 3,041,839 482,131,482 # SL Green Realty Corp. 968,768 100,044,671 Sotherly Hotels, Inc. 109,976 726,941 # Spirit Realty Capital, Inc. 4,594,599 36,435,170 STAG Industrial, Inc. 765,287 20,884,682 Starwood Waypoint Homes REIT 827,883 28,942,790 # STORE Capital Corp. 1,529,239 35,768,900 # Summit Hotel Properties, Inc. 887,262 15,908,608 Sun Communities, Inc. 661,430 58,873,884 # Sunstone Hotel Investors, Inc. 2,091,813 34,054,716 # Tanger Factory Outlet Centers, Inc. 943,317 24,931,868 # Taubman Centers, Inc. 609,763 34,677,222 Terreno Realty Corp. 440,000 15,232,800 # Tier REIT, Inc. 270,676 5,002,092 UDR, Inc. 2,540,787 99,319,364 UMH Properties, Inc. 248,012 4,102,118 * Uniti Group, Inc. 368,749 9,439,974 # Universal Health Realty Income Trust 121,654 9,425,752 Urban Edge Properties 951,822 23,919,287 # Urstadt Biddle Properties, Inc. 68,848 1,239,264 Urstadt Biddle Properties, Inc. Class A 270,593 5,666,217 Ventas, Inc. 3,368,039 226,837,427 # VEREIT, Inc. 9,261,049 76,959,317 Vornado Realty Trust 1,639,064 130,059,728 # Washington Prime Group, Inc. 1,751,444 15,798,025 # Washington REIT 707,511 23,652,093 Weingarten Realty Investors 1,152,906 37,423,329 Welltower, Inc. 3,448,237 253,066,113 DFA REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Real Estate -- (Continued) # Wheeler Real Estate Investment Trust, Inc. 7,097 $ 75,796 # Whitestone REIT 320,630 4,184,222 # WP Carey, Inc. 959,557 65,739,250 # Xenia Hotels & Resorts, Inc. 973,522 19,781,967 -------------- TOTAL COMMON STOCKS 8,158,504,220 -------------- TOTAL INVESTMENT SECURITIES 8,158,504,220 -------------- TEMPORARY CASH INVESTMENTS -- (0.5%) State Street Institutional U.S. Government Money Market Fund, 0.940% 47,748,082 47,748,082 -------------- SECURITIES LENDING COLLATERAL -- (7.5%) (S)@ DFA Short Term Investment Fund 57,434,543 664,632,532 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $6,515,069,023)^^ $8,870,884,834 ============== DFA REAL ESTATE SECURITIES PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Real Estate $8,158,504,220 -- -- $8,158,504,220 Temporary Cash Investments 47,748,082 -- -- 47,748,082 Securities Lending Collateral -- $664,632,532 -- 664,632,532 Futures Contracts** 570,043 -- -- 570,043 -------------- ------------ -- -------------- TOTAL $8,206,822,345 $664,632,532 -- $8,871,454,877 ============== ============ == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. LARGE CAP INTERNATIONAL PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (95.4%) AUSTRALIA -- (5.9%) AGL Energy, Ltd. 157,174 $ 3,030,900 # Alumina, Ltd. 711,625 1,080,868 Amcor, Ltd. 335,752 4,121,506 Amcor, Ltd. Sponsored ADR 1,068 52,396 AMP, Ltd. 1,325,306 5,713,342 Ansell, Ltd. 9,168 161,083 APA Group 256,083 1,766,664 Aristocrat Leisure, Ltd. 171,535 2,781,685 ASX, Ltd. 31,849 1,332,102 Aurizon Holdings, Ltd. 555,457 2,229,468 AusNet Services 635,312 830,985 # Australia & New Zealand Banking Group, Ltd. 721,499 17,106,123 Bank of Queensland, Ltd. 155,687 1,500,728 Bendigo & Adelaide Bank, Ltd. 191,608 1,704,326 BHP Billiton, Ltd. 900,755 18,759,497 BHP Billiton, Ltd. Sponsored ADR 64,389 2,682,446 BlueScope Steel, Ltd. 425,007 4,477,254 Boral, Ltd. 470,783 2,608,926 Brambles, Ltd. 481,361 3,559,074 Caltex Australia, Ltd. 83,147 2,072,087 Challenger, Ltd. 92,549 951,117 CIMIC Group, Ltd. 29,984 994,630 Coca-Cola Amatil, Ltd. 177,113 1,166,277 Cochlear, Ltd. 18,152 2,073,570 # Commonwealth Bank of Australia 463,846 31,075,294 Computershare, Ltd. 145,852 1,641,055 Crown Resorts, Ltd. 110,083 1,121,084 CSL, Ltd. 133,851 13,485,785 # Domino's Pizza Enterprises, Ltd. 19,095 814,053 Downer EDI, Ltd. 13,761 70,045 # Evolution Mining, Ltd. 497,223 888,449 # Flight Centre Travel Group, Ltd. 12,742 443,200 Fortescue Metals Group, Ltd. 1,264,224 5,810,640 # Harvey Norman Holdings, Ltd. 291,649 1,019,764 Healthscope, Ltd. 314,890 524,140 Incitec Pivot, Ltd. 653,725 1,669,084 Insurance Australia Group, Ltd. 493,600 2,632,562 James Hardie Industries P.L.C. 101,023 1,546,845 James Hardie Industries P.L.C. Sponsored ADR 2,500 38,525 LendLease Group 157,191 2,120,227 Macquarie Group, Ltd. 89,946 6,175,130 # Magellan Financial Group, Ltd. 37,662 795,603 Medibank Pvt, Ltd. 854,066 1,858,480 National Australia Bank, Ltd. 633,321 15,182,474 Newcrest Mining, Ltd. 214,550 3,486,128 Oil Search, Ltd. 374,096 1,990,417 Orica, Ltd. 109,950 1,747,939 * Origin Energy, Ltd. 689,363 3,818,718 Qantas Airways, Ltd. 264,710 1,125,036 QBE Insurance Group, Ltd. 540,510 5,120,550 # Qube Holdings, Ltd. 294,415 625,883 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ AUSTRALIA -- (Continued) Ramsay Health Care, Ltd. 44,884 $ 2,534,431 # REA Group, Ltd. 15,296 843,728 Rio Tinto, Ltd. 114,919 6,058,009 * Santos, Ltd. 707,845 1,923,407 Seek, Ltd. 68,178 932,261 Sonic Healthcare, Ltd. 104,591 1,866,628 South32, Ltd. 1,671,367 3,898,217 South32, Ltd. ADR 79,510 926,292 Spark Infrastructure Group 564,417 1,129,963 Star Entertainment Grp, Ltd. (The) 380,753 1,535,988 Suncorp Group, Ltd. 324,754 3,711,826 Sydney Airport 250,502 1,350,260 Tabcorp Holdings, Ltd. 202,120 675,369 Tatts Group, Ltd. 368,989 1,180,829 Telstra Corp., Ltd. 1,189,668 3,902,786 # TPG Telecom, Ltd. 105,730 474,445 Transurban Group 495,974 4,529,491 Treasury Wine Estates, Ltd. 182,183 1,773,691 # Vocus Group, Ltd. 136,211 379,978 Wesfarmers, Ltd. 261,058 8,506,731 # Westpac Banking Corp. 709,362 18,081,733 Westpac Banking Corp. Sponsored ADR 85,381 2,184,900 Woodside Petroleum, Ltd. 207,881 4,858,300 Woolworths, Ltd. 374,560 7,994,393 ------------ TOTAL AUSTRALIA 270,837,820 ------------ AUSTRIA -- (0.3%) ANDRITZ AG 13,945 853,765 Erste Group Bank AG 107,736 4,462,949 OMV AG 60,305 3,416,106 * Raiffeisen Bank International AG 40,259 1,186,420 Verbund AG 3,812 75,405 Voestalpine AG 46,314 2,347,374 ------------ TOTAL AUSTRIA 12,342,019 ------------ BELGIUM -- (1.2%) Ageas 128,261 5,774,124 Anheuser-Busch InBev SA/NV 201,745 24,336,999 bpost SA 3,505 95,954 Colruyt SA 21,013 1,177,532 KBC Group NV 88,663 7,330,127 Proximus SADP 57,182 2,010,791 Solvay SA 58,110 8,331,880 * Telenet Group Holding NV 16,631 1,161,083 UCB SA 63,386 4,615,890 Umicore SA 32,131 2,579,545 ------------ TOTAL BELGIUM 57,413,925 ------------ CANADA -- (8.5%) # Agnico Eagle Mines, Ltd.(008474108) 49,129 2,294,816 Agnico Eagle Mines, Ltd.(2009823) 30,843 1,440,044 Agrium, Inc.(2213538) 31,176 3,119,725 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- CANADA -- (Continued) Agrium, Inc.(008916108) 16,607 $ 1,662,361 * Air Canada 9,500 151,101 Algonquin Power & Utilities Corp. 128,500 1,373,896 Alimentation Couche-Tard, Inc. Class B 119,158 5,650,388 # AltaGas, Ltd. 41,704 970,724 * Amaya, Inc. 2,400 42,562 # ARC Resources, Ltd. 97,788 1,348,286 Atco, Ltd. Class I 24,924 927,791 * B2Gold Corp. 161,800 406,203 Bank of Montreal(063671101) 123,249 9,350,902 Bank of Montreal(2076009) 88,229 6,691,746 # Bank of Nova Scotia (The)(064149107) 99,751 6,215,485 Bank of Nova Scotia (The)(2076281) 181,668 11,317,548 Barrick Gold Corp.(067901108) 322,899 5,460,222 Barrick Gold Corp.(2024644) 22,992 388,748 BCE, Inc.(05534B760) 27,640 1,297,145 BCE, Inc.(B188TH2) 19,715 925,375 * BlackBerry, Ltd.(09228F103) 109,351 1,025,712 * BlackBerry, Ltd.(BCBHZ31) 42,575 399,199 * Bombardier, Inc. Class A 9,200 18,817 * Bombardier, Inc. Class B 620,892 1,250,001 Brookfield Asset Management, Inc. Class A 208,575 8,112,152 BRP, Inc. 1,000 32,043 CAE, Inc.(124765108) 18,114 307,395 CAE, Inc.(2162760) 69,938 1,185,314 # Cameco Corp.(13321L108) 64,209 658,142 Cameco Corp.(2166160) 84,560 866,117 Canadian Imperial Bank of Commerce(136069101) 44,494 3,863,859 Canadian Imperial Bank of Commerce(2170525) 78,935 6,851,691 Canadian National Railway Co.(136375102) 66,988 5,293,392 Canadian National Railway Co.(2180632) 153,060 12,095,024 Canadian Natural Resources, Ltd.(136385101) 63,442 1,941,325 Canadian Natural Resources, Ltd.(2171573) 228,266 6,981,177 Canadian Pacific Railway, Ltd.(13645T100) 8,234 1,287,551 Canadian Pacific Railway, Ltd.(2793115) 33,566 5,255,061 # Canadian Tire Corp., Ltd. Class A 26,916 3,072,321 Canadian Utilities, Ltd. Class A 27,940 886,774 CCL Industries, Inc. Class B 40,980 1,964,608 Cenovus Energy, Inc.(15135U109) 252,188 2,120,901 Cenovus Energy, Inc.(B57FG04) 79,561 668,140 * CGI Group, Inc. Class A(39945C109) 38,551 2,035,878 * CGI Group, Inc. Class A(2159740) 22,635 1,195,157 # CI Financial Corp. 73,115 1,592,784 Cogeco Communications, Inc. 5,763 402,613 Constellation Software, Inc. 6,243 3,363,233 Crescent Point Energy Corp.(22576C101) 74,710 586,473 # Crescent Point Energy Corp.(B67C8W8) 144,994 1,139,716 Dollarama, Inc. 33,400 3,264,855 Eldorado Gold Corp. 8,512 18,024 Element Fleet Management Corp. 128,503 972,984 Emera, Inc. 13,522 503,245 Empire Co., Ltd. Class A 94,644 1,537,989 # Enbridge Income Fund Holdings, Inc. 43,447 1,116,536 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) # Enbridge, Inc.(29250N105) 237,447 $9,844,553 Enbridge, Inc.(2466149) 159,914 6,628,719 # Encana Corp.(292505104) 263,765 2,653,476 Encana Corp.(2793193) 67,186 676,306 Fairfax Financial Holdings, Ltd. 9,023 4,302,598 Finning International, Inc. 49,001 986,112 First Capital Realty, Inc. 47,815 782,375 First Quantum Minerals, Ltd. 253,132 2,797,799 Fortis, Inc. 93,165 3,397,057 Franco-Nevada Corp.(351858105) 15,128 1,096,175 Franco-Nevada Corp.(B29NF31) 14,064 1,018,970 George Weston, Ltd. 21,179 1,849,754 Gildan Activewear, Inc.(375916103) 24,392 734,931 Gildan Activewear, Inc.(2254645) 35,400 1,066,756 Goldcorp, Inc.(380956409) 236,989 3,111,666 Goldcorp, Inc.(2676302) 100,844 1,324,096 Great-West Lifeco, Inc. 65,700 1,874,960 * Husky Energy, Inc. 129,943 1,503,972 Hydro One, Ltd. 67,923 1,218,174 IGM Financial, Inc. 32,340 1,088,419 Imperial Oil, Ltd.(453038408) 35,341 1,012,166 Imperial Oil, Ltd.(2454241) 32,327 927,740 Industrial Alliance Insurance & Financial Services, Inc. 52,122 2,418,076 Intact Financial Corp. 26,500 2,058,572 Inter Pipeline, Ltd. 113,407 2,239,487 * Ivanhoe Mines, Ltd. Class A 158,400 625,088 Jean Coutu Group PJC, Inc. (The) Class A 24,200 403,349 Keyera Corp. 53,118 1,659,898 * Kinross Gold Corp.(496902404) 22,897 94,336 * Kinross Gold Corp.(B03Z841) 819,967 3,380,494 Linamar Corp. 36,996 2,027,621 Loblaw Cos., Ltd. 56,609 3,083,029 Lundin Mining Corp. 441,810 3,178,693 Magna International, Inc.(559222401) 49,779 2,373,960 Magna International, Inc.(2554475) 77,120 3,678,007 Manulife Financial Corp.(56501R106) 196,903 4,060,140 Manulife Financial Corp.(2492519) 277,559 5,717,036 Maple Leaf Foods, Inc. 28,387 784,613 Methanex Corp.(59151K108) 1,200 53,160 Methanex Corp.(2654416) 33,781 1,497,825 Metro, Inc. 75,672 2,563,167 # National Bank of Canada 100,218 4,513,528 # Northland Power, Inc. 31,400 584,807 Onex Corp. 19,404 1,554,966 # Open Text Corp.(683715106) 23,038 771,773 Open Text Corp.(2260824) 42,200 1,411,462 Pan American Silver Corp. 16,317 274,941 Parkland Fuel Corp. 30,400 652,256 Pembina Pipeline Corp.(B4PPQG5) 47,008 1,602,973 # Pembina Pipeline Corp.(B4PT2P8) 36,112 1,230,719 # Peyto Exploration & Development Corp. 59,405 1,055,877 Potash Corp. of Saskatchewan, Inc.(73755L107) 106,280 1,902,412 Potash Corp. of Saskatchewan, Inc.(2696980) 106,900 1,912,067 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- CANADA -- (Continued) # PrairieSky Royalty, Ltd. 39,699 $ 985,828 Quebecor, Inc. Class B 25,100 869,919 Restaurant Brands International, Inc. 63,671 3,793,448 Ritchie Bros Auctioneers, Inc.(767744105) 13,682 386,243 Ritchie Bros Auctioneers, Inc.(2345390) 16,700 471,498 Rogers Communications, Inc. Class B(775109200) 39,229 2,039,908 Rogers Communications, Inc. Class B(2169051) 63,268 3,289,885 Royal Bank of Canada(780087102) 140,850 10,501,776 Royal Bank of Canada(2754383) 246,120 18,361,036 Saputo, Inc. 70,900 2,403,236 * Seven Generations Energy, Ltd. Class A 68,325 1,187,570 Shaw Communications, Inc. Class B(82028K200) 78,254 1,742,717 Shaw Communications, Inc. Class B(2801836) 78,027 1,737,341 * Shopify, Inc. Class A(BX865C7) 7,521 693,072 #* Shopify, Inc. Class A(82509L107) 4,500 415,665 SNC-Lavalin Group, Inc. 43,886 1,932,850 Stantec, Inc.(85472N109) 16,651 424,600 # Stantec, Inc.(2854238) 13,600 346,013 Sun Life Financial, Inc.(866796105) 75,560 2,896,215 Sun Life Financial, Inc.(2566124) 87,531 3,354,507 Suncor Energy, Inc.(867224107) 103,477 3,375,420 Suncor Energy, Inc.(B3NB1P2) 346,029 11,287,754 Tahoe Resources, Inc. 79,542 435,095 # Teck Resources, Ltd. Class B(878742204) 235,116 5,099,666 Teck Resources, Ltd. Class B(2879327) 98,438 2,136,541 TELUS Corp. 39,380 1,422,323 Thomson Reuters Corp.(2126067) 24,983 1,146,470 Thomson Reuters Corp.(2889371) 39,650 1,815,933 TMX Group, Ltd. 14,800 784,664 Toromont Industries, Ltd. 6,100 226,484 Toronto-Dominion Bank (The)(891160509) 161,992 8,349,068 Toronto-Dominion Bank (The)(2897222) 270,619 13,950,418 * Tourmaline Oil Corp. 83,857 1,859,752 TransAlta Renewables, Inc. 1,900 22,280 TransCanada Corp.(89353D107) 111,789 5,714,654 TransCanada Corp.(2665184) 86,035 4,395,773 * Trisura Group, Ltd. 1,227 25,281 * Turquoise Hill Resources, Ltd.(900435108) 68,462 225,240 * Turquoise Hill Resources, Ltd.(B7WJ1F5) 275,489 905,959 #* Valeant Pharmaceuticals International, Inc.(91911K102) 161,730 2,662,076 * Valeant Pharmaceuticals International, Inc.(B3XSX46) 89,472 1,474,036 Veresen, Inc. 87,129 1,272,604 Vermilion Energy, Inc.(923725105) 9,082 299,343 Vermilion Energy, Inc.(B607XS1) 13,782 453,891 Waste Connections, Inc.(94106B101) 36,874 2,396,061 Waste Connections, Inc.(BYQFRK5) 22,131 1,438,372 West Fraser Timber Co., Ltd. 32,184 1,710,198 Wheaton Precious Metals Corp.(962879102) 101,449 2,060,429 Wheaton Precious Metals Corp.(BF13KN5) 44,916 910,749 Whitecap Resources, Inc. 82,700 610,922 Winpak, Ltd. 2,300 98,752 WSP Global, Inc. 31,700 1,286,815 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ CANADA -- (Continued) Yamana Gold, Inc. 302,591 $ 788,787 ------------ TOTAL CANADA 392,637,514 ------------ DENMARK -- (1.6%) AP Moller - Maersk A.S. Class A 825 1,723,034 AP Moller - Maersk A.S. Class B 1,563 3,411,777 Carlsberg A.S. Class B 51,272 5,696,274 Chr Hansen Holding A.S. 26,140 2,105,089 Coloplast A.S. Class B 28,811 2,475,115 Danske Bank A.S. 166,529 6,744,037 DSV A.S. 65,836 4,250,747 * Genmab A.S. 9,496 2,158,076 # H Lundbeck A.S. 23,314 1,397,949 ISS A.S. 70,212 2,878,328 Jyske Bank A.S. 27,068 1,696,523 # Novo Nordisk A.S. Class B 451,549 19,204,115 Novo Nordisk A.S. Sponsored ADR 60,487 2,564,649 # Novozymes A.S. Class B 75,670 3,494,096 # Pandora A.S. 36,040 4,147,792 # Tryg A.S. 45,695 1,029,613 Vestas Wind Systems A.S. 62,082 6,067,390 #* William Demant Holding A.S. 48,378 1,285,353 ------------ TOTAL DENMARK 72,329,957 ------------ FINLAND -- (1.0%) Elisa Oyj 40,166 1,653,509 Fortum Oyj 212,131 3,468,792 Kone Oyj Class B 104,576 5,447,085 Neste Oyj 67,324 2,918,766 Nokia Oyj(5946455) 268,823 1,718,484 Nokia Oyj(5902941) 899,569 5,740,314 Nokia Oyj Sponsored ADR 223,680 1,429,315 Orion Oyj Class A 4,170 211,477 Orion Oyj Class B 30,721 1,552,662 Sampo Oyj Class A 98,632 5,394,339 Stora Enso Oyj Class R 360,617 4,821,387 Stora Enso Oyj Sponsored ADR 12,000 160,440 UPM-Kymmene Oyj 284,085 7,733,673 UPM-Kymmene Oyj Sponsored ADR 13,000 353,925 Wartsila Oyj Abp 43,314 2,878,569 ------------ TOTAL FINLAND 45,482,737 ------------ FRANCE -- (8.6%) Accor SA 39,959 1,856,243 Aeroports de Paris 9,188 1,554,929 Air Liquide SA 107,672 13,202,057 Airbus SE 165,417 13,821,679 # Alstom SA 43,434 1,556,072 Amundi SA 14,133 1,093,076 Arkema SA 37,015 4,213,617 Atos SE 31,790 4,833,211 AXA SA 431,225 12,735,573 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FRANCE -- (Continued) AXA SA Sponsored ADR 34,916 $ 1,028,975 BioMerieux 3,273 721,217 BNP Paribas SA 278,339 21,570,063 Bollore SA 293,085 1,359,807 Bouygues SA 114,982 4,929,751 Bureau Veritas SA 69,919 1,593,079 Capgemini SE 38,026 4,139,870 Carrefour SA 274,037 6,582,408 Casino Guichard Perrachon SA 21,664 1,321,313 Christian Dior SE 14,583 4,152,565 Cie de Saint-Gobain 129,078 7,162,112 Cie Generale des Etablissements Michelin 69,685 9,437,861 CNP Assurances 62,831 1,516,846 Credit Agricole SA 276,134 4,846,799 Danone SA 156,122 11,649,850 Danone SA Sponsored ADR 12,646 188,552 Dassault Aviation SA 330 495,461 Dassault Systemes SE 34,982 3,431,652 Eiffage SA 36,020 3,489,102 Electricite de France SA 325,718 3,306,243 Engie SA 538,077 8,666,375 Essilor International SA 56,686 7,176,824 # Eurofins Scientific SE 2,541 1,415,462 Eutelsat Communications SA 16,179 437,872 Faurecia 35,390 1,965,139 Groupe Eurotunnel SE 35,304 391,472 # Hermes International 7,536 3,817,094 Iliad SA 7,502 1,861,053 Imerys SA 13,157 1,140,507 Ingenico Group SA 13,352 1,400,562 Ipsen SA 9,668 1,237,452 # JCDecaux SA 21,745 774,379 Kering 14,029 4,903,434 L'Oreal SA 66,281 13,732,112 Legrand SA 72,302 4,994,449 LVMH Moet Hennessy Louis Vuitton SE 80,956 20,335,218 Natixis SA 346,044 2,514,544 Orange SA 549,563 9,247,427 # Orange SA Sponsored ADR 45,487 766,456 Orpea 11,305 1,296,379 Pernod Ricard SA 40,979 5,685,593 Peugeot SA 315,043 6,776,804 Publicis Groupe SA 57,767 4,368,134 Publicis Groupe SA ADR 4,537 85,931 Renault SA 89,890 8,098,359 Safran SA 87,222 8,252,131 Sanofi 263,467 25,105,507 Sartorius Stedim Biotech 7,939 565,672 Schneider Electric SE(B11BPS1) 935 73,602 Schneider Electric SE(4834108) 123,139 9,664,341 SCOR SE 62,605 2,640,419 SEB SA 5,793 1,030,600 SES SA 170,317 4,006,567 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ FRANCE -- (Continued) * SFR Group SA 32,058 $ 1,193,277 Societe BIC SA 2,094 245,618 Societe Generale SA 189,173 11,092,104 Sodexo SA() 16,625 1,964,722 Sodexo SA(7062713) 26,325 3,109,763 STMicroelectronics NV 223,754 3,790,881 Suez 102,940 1,861,282 Teleperformance 23,608 3,289,364 Thales SA 32,758 3,626,569 Total SA 425,610 21,643,832 # Total SA Sponsored ADR 129,934 6,583,768 * Ubisoft Entertainment SA 1,964 124,273 Valeo SA 77,859 5,390,844 Veolia Environnement SA 88,564 1,995,944 Veolia Environnement SA ADR 17,086 383,922 Vinci SA 144,786 12,965,060 Vivendi SA 292,725 6,765,992 Zodiac Aerospace 48,103 1,375,634 ------------ TOTAL FRANCE 399,620,702 ------------ GERMANY -- (7.5%) Adidas AG 41,848 9,557,840 Allianz SE 87,232 18,594,200 Allianz SE Sponsored ADR 245,686 5,245,396 Axel Springer SE 20,495 1,301,410 BASF SE 241,542 22,994,783 # BASF SE Sponsored ADR 8,000 762,160 # Bayer AG 191,527 24,259,035 Bayer AG Sponsored ADR 32,835 4,155,105 Bayerische Motoren Werke AG 110,908 10,190,163 Beiersdorf AG 17,942 1,968,934 Brenntag AG 43,820 2,483,156 * Commerzbank AG 412,577 5,396,644 Continental AG 33,303 7,502,083 Covestro AG 41,317 3,204,063 Daimler AG 290,896 20,381,560 Deutsche Bank AG(D18190898) 494,922 8,829,409 Deutsche Bank AG(5750355) 16,653 296,551 Deutsche Boerse AG 39,988 4,175,435 Deutsche Lufthansa AG 167,750 3,602,434 Deutsche Post AG 278,272 10,794,878 Deutsche Telekom AG 895,568 16,360,891 Deutsche Telekom AG Sponsored ADR 94,100 1,717,325 Deutsche Wohnen AG 81,145 3,215,651 E.ON SE 689,120 6,817,290 E.ON SE Sponsored ADR 38,515 382,069 Evonik Industries AG 58,005 1,975,508 # Fielmann AG 6,417 515,377 Fraport AG Frankfurt Airport Services Worldwide 16,364 1,638,675 Fresenius Medical Care AG & Co. KGaA 65,134 6,142,164 Fresenius SE & Co. KGaA 118,863 10,032,597 Fuchs Petrolub SE 9,084 477,841 GEA Group AG 50,662 2,058,962 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) Hannover Rueck SE 17,686 $ 2,232,303 HeidelbergCement AG 55,010 5,447,197 Henkel AG & Co. KGaA 21,511 2,706,280 Hochtief AG 6,209 1,108,267 Infineon Technologies AG 311,582 6,766,398 Innogy SE 38,391 1,612,418 KION Group AG 36,232 3,143,969 Lanxess AG 54,236 4,182,349 LEG Immobilien AG 6,860 659,626 Linde AG 39,348 7,506,051 MAN SE 8,511 942,506 Merck KGaA 28,574 3,135,472 Metro AG 70,033 786,987 * Metro Wholesale & Food Specialist AG 70,033 1,414,775 MTU Aero Engines AG 15,950 2,337,533 Muenchener Rueckversicherungs-Gesellschaft AG 37,441 8,042,304 OSRAM Licht AG 25,927 2,160,608 # ProSiebenSat.1 Media SE 63,535 2,538,480 QIAGEN NV 53,003 1,758,065 Rational AG 695 436,417 RTL Group SA 10,646 828,216 * RWE AG 217,708 4,587,232 SAP SE 204,216 21,623,448 # SAP SE Sponsored ADR 9,950 1,053,208 Siemens AG 170,016 23,071,441 Symrise AG 32,132 2,249,746 * Talanx AG 19,158 790,022 # Telefonica Deutschland Holding AG 214,262 1,106,826 ThyssenKrupp AG 110,511 3,282,334 Uniper SE 84,959 1,750,918 United Internet AG 35,581 2,166,172 Volkswagen AG 11,572 1,819,647 Vonovia SE 110,103 4,461,907 Wacker Chemie AG 7,577 940,337 Wirecard AG 15,705 1,201,881 * Zalando SE 14,365 642,939 ------------ TOTAL GERMANY 347,523,868 ------------ HONG KONG -- (2.9%) AIA Group, Ltd. 3,196,000 25,138,154 ASM Pacific Technology, Ltd. 74,100 957,649 # Bank of East Asia, Ltd. (The) 331,593 1,418,443 BOC Aviation, Ltd. 10,600 55,067 BOC Hong Kong Holdings, Ltd. 880,500 4,328,955 * Brightoil Petroleum Holdings, Ltd. 40,000 10,394 Cathay Pacific Airways, Ltd. 589,000 922,823 Cheung Kong Property Holdings, Ltd. 625,462 5,058,000 Chow Tai Fook Jewellery Group, Ltd. 344,400 357,827 CK Hutchison Holdings, Ltd. 649,962 8,552,924 CK Infrastructure Holdings, Ltd. 141,000 1,314,216 CLP Holdings, Ltd. 385,400 4,106,492 FIH Mobile, Ltd. 627,000 209,496 First Pacific Co., Ltd. 466,400 349,052 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ HONG KONG -- (Continued) Galaxy Entertainment Group, Ltd. 692,000 $ 4,272,479 Great Eagle Holdings, Ltd. 16,000 87,742 # Haitong International Securities Group, Ltd. 661,323 381,134 Hang Lung Group, Ltd. 348,000 1,321,872 Hang Lung Properties, Ltd. 814,000 2,024,489 Hang Seng Bank, Ltd. 190,800 4,148,102 Henderson Land Development Co., Ltd. 390,688 2,258,073 # HK Electric Investments & HK Electric Investments, Ltd. 622,000 592,279 HKT Trust & HKT, Ltd. 1,911,000 2,503,339 Hong Kong & China Gas Co., Ltd. 1,949,533 3,684,728 # Hong Kong Exchanges & Clearing, Ltd. 336,378 9,582,807 Hopewell Holdings, Ltd. 3,000 11,474 Hysan Development Co., Ltd. 207,638 1,004,084 Kerry Properties, Ltd. 276,893 970,306 # Kingston Financial Group, Ltd. 1,594,000 554,657 L'Occitane International SA 59,500 137,548 Li & Fung, Ltd. 3,322,000 1,215,209 Melco International Development, Ltd. 371,000 876,671 Melco Resorts & Entertainment, Ltd. ADR 34,136 689,547 # MGM China Holdings, Ltd. 299,200 588,689 # MTR Corp., Ltd. 311,511 1,798,845 New World Development Co., Ltd. 2,424,432 3,274,066 # NWS Holdings, Ltd. 477,514 913,519 * Orient Overseas International, Ltd. 2,000 18,613 PCCW, Ltd. 1,944,712 1,093,663 Power Assets Holdings, Ltd. 333,207 3,300,338 Prada SpA 153,800 549,032 Samsonite International SA 407,400 1,706,085 Sands China, Ltd. 699,200 3,238,345 Shangri-La Asia, Ltd. 409,655 665,271 Sino Land Co., Ltd. 1,176,844 1,940,934 SJM Holdings, Ltd. 841,000 840,774 Sun Hung Kai Properties, Ltd. 345,108 5,339,599 Swire Pacific, Ltd. Class A 232,500 2,316,666 Swire Pacific, Ltd. Class B 255,000 451,624 Swire Properties, Ltd. 257,600 889,874 Techtronic Industries Co., Ltd. 432,000 1,919,502 WH Group, Ltd. 4,462,500 4,184,226 Wharf Holdings, Ltd. (The) 311,609 2,648,565 Wheelock & Co., Ltd. 329,000 2,479,178 Wynn Macau, Ltd. 447,200 966,217 Xinyi Glass Holdings, Ltd. 844,000 872,103 Yue Yuen Industrial Holdings, Ltd. 363,500 1,500,769 ------------ TOTAL HONG KONG 132,592,529 ------------ IRELAND -- (0.5%) * Bank of Ireland Group P.L.C. 325,833 2,719,337 CRH P.L.C.(0182704) 58,738 2,057,606 CRH P.L.C.(4182249) 22,786 799,808 CRH P.L.C. Sponsored ADR 145,351 5,097,460 Glanbia P.L.C. 42,598 881,832 Kerry Group P.L.C. Class A(0490656) 18,318 1,648,242 Kerry Group P.L.C. Class A(4519579) 34,912 3,159,976 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- IRELAND -- (Continued) Kingspan Group P.L.C. 3,152 $ 104,989 Paddy Power Betfair P.L.C. 21,470 2,151,126 Smurfit Kappa Group P.L.C. 117,151 3,484,190 ----------- TOTAL IRELAND 22,104,566 ----------- ISRAEL -- (0.5%) Azrieli Group, Ltd. 13,913 760,257 Bank Hapoalim BM 375,316 2,599,740 Bank Leumi Le-Israel BM 953,671 4,581,575 Bezeq The Israeli Telecommunication Corp., Ltd. 508,328 754,687 Delek Group, Ltd. 1,238 253,526 Elbit Systems, Ltd.(6308913) 6,571 829,690 Elbit Systems, Ltd.(M3760D101) 1,593 200,750 Frutarom Industries, Ltd. 10,001 709,095 Israel Chemicals, Ltd. 230,647 1,099,100 Melisron, Ltd. 1,865 95,072 Mizrahi Tefahot Bank, Ltd. 78,950 1,426,620 NIice, Ltd. Sponsored ADR 11,268 841,269 Teva Pharmaceutical Industries, Ltd. Sponsored ADR 193,458 6,223,544 * Tower Semiconductor, Ltd. 16,495 438,718 ----------- TOTAL ISRAEL 20,813,643 ----------- ITALY -- (1.9%) Assicurazioni Generali SpA 317,631 5,761,256 Atlantia SpA 139,779 4,251,985 Banca Mediolanum SpA 33,378 291,852 CNH Industrial NV 316,755 3,669,111 Davide Campari-Milano SpA 138,828 1,026,268 # Enel SpA 1,800,266 10,269,251 Eni SpA 491,483 7,781,719 # Eni SpA Sponsored ADR 67,929 2,145,198 Ferrari NV(BD6G507) 35,703 3,757,054 # Ferrari NV(N3167Y103) 3,200 336,608 * Fiat Chrysler Automobiles NV(N31738102) 57,301 692,769 * Fiat Chrysler Automobiles NV(BRJFWP3) 297,284 3,584,756 * GEDI Gruppo Editoriale SpA 32,568 30,230 # Intesa Sanpaolo SpA 2,485,159 8,554,980 Intesa Sanpaolo SpA Sponsored ADR 9,000 187,380 Italgas SpA 47,621 262,187 Leonardo SpA 137,954 2,404,031 Luxottica Group SpA 43,541 2,513,585 Mediobanca SpA 187,413 1,955,395 Parmalat SpA 31,585 114,460 Poste Italiane SpA 174,308 1,283,124 Prysmian SpA 42,114 1,347,054 Recordati SpA 26,352 1,124,849 Snam SpA 583,976 2,762,948 * Telecom Italia SpA 6,510,459 6,698,026 * Telecom Italia SpA Sponsored ADR 78,565 817,076 # Tenaris SA 33,701 533,234 # Tenaris SA ADR 19,881 627,047 Terna Rete Elettrica Nazionale SpA 414,190 2,366,167 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ITALY -- (Continued) * UniCredit SpA 568,413 $11,171,553 UnipolSai Assicurazioni SpA 342,398 791,549 ----------- TOTAL ITALY 89,112,702 ----------- JAPAN -- (21.8%) ABC-Mart, Inc. 9,700 553,104 #* Acom Co., Ltd. 76,500 325,787 # Advantest Corp. 33,000 603,917 Aeon Co., Ltd. 197,600 2,977,437 AEON Financial Service Co., Ltd. 54,100 1,177,494 Aeon Mall Co., Ltd. 28,748 547,536 Aica Kogyo Co., Ltd. 5,500 176,497 Ain Holdings, Inc. 6,300 454,053 Air Water, Inc. 82,300 1,593,422 Aisin Seiki Co., Ltd. 59,800 3,108,941 Ajinomoto Co., Inc. 142,800 2,872,102 Alfresa Holdings Corp. 54,200 997,504 # Alps Electric Co., Ltd. 76,400 2,077,563 Amada Holdings Co., Ltd. 100,300 1,145,537 ANA Holdings, Inc. 258,000 885,755 Aoyama Trading Co., Ltd. 12,600 439,201 Aozora Bank, Ltd. 352,000 1,352,753 Ariake Japan Co., Ltd. 2,300 164,891 Asahi Glass Co., Ltd. 89,500 3,767,006 Asahi Group Holdings, Ltd. 101,600 4,141,342 Asahi Intecc Co., Ltd. 12,500 561,316 Asahi Kasei Corp. 366,000 4,179,696 # Asics Corp. 53,100 965,232 Astellas Pharma, Inc. 586,375 7,467,794 Azbil Corp. 18,700 738,683 Bandai Namco Holdings, Inc. 69,000 2,398,670 Bank of Kyoto, Ltd. (The) 113,000 1,083,118 Benesse Holdings, Inc. 15,200 581,732 Bridgestone Corp. 202,313 8,511,610 Brother Industries, Ltd. 89,900 2,293,751 # Calbee, Inc. 22,300 924,512 Canon Marketing Japan, Inc. 19,700 435,145 Canon, Inc. 176,500 6,140,582 # Canon, Inc. Sponsored ADR 64,347 2,247,641 Casio Computer Co., Ltd. 51,100 837,039 Central Japan Railway Co. 34,845 5,607,499 Chiba Bank, Ltd. (The) 272,000 1,951,451 # Chiyoda Corp. 42,000 252,258 Chubu Electric Power Co., Inc. 148,400 1,949,970 Chugai Pharmaceutical Co., Ltd. 47,700 1,912,964 Chugoku Bank, Ltd. (The) 63,500 920,445 Chugoku Electric Power Co., Inc. (The) 57,700 632,562 Citizen Watch Co., Ltd. 107,800 801,512 Coca-Cola Bottlers Japan, Inc. 34,800 1,049,633 COMSYS Holdings Corp. 39,600 811,266 Concordia Financial Group, Ltd. 480,200 2,421,502 Cosmos Pharmaceutical Corp. 2,500 532,235 Credit Saison Co., Ltd. 60,700 1,169,172 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) CyberAgent, Inc. 26,200 $ 809,189 * CYBERDYNE, Inc. 5,900 80,281 Dai Nippon Printing Co., Ltd. 204,000 2,250,149 Dai-ichi Life Holdings, Inc. 266,600 4,605,245 Daicel Corp. 136,600 1,775,541 Daido Steel Co., Ltd. 116,000 705,940 Daifuku Co., Ltd. 34,100 1,177,676 Daiichi Sankyo Co., Ltd. 120,946 2,637,718 Daiichikosho Co., Ltd. 19,000 915,089 Daikin Industries, Ltd. 71,800 7,601,703 Daito Trust Construction Co., Ltd. 20,700 3,498,783 Daiwa House Industry Co., Ltd. 163,300 5,696,129 Daiwa Securities Group, Inc. 624,000 3,593,807 Dena Co., Ltd. 40,500 889,748 Denka Co., Ltd. 217,000 1,205,137 Denso Corp. 110,100 5,287,597 Dentsu, Inc. 50,982 2,383,802 DIC Corp. 49,500 1,867,061 Disco Corp. 7,800 1,382,426 DMG Mori Co., Ltd. 34,600 573,966 Don Quijote Holdings Co., Ltd. 40,700 1,478,175 Dowa Holdings Co., Ltd. 134,200 1,083,444 East Japan Railway Co. 79,500 7,455,692 Ebara Corp. 36,500 1,067,771 # Eisai Co., Ltd. 51,600 2,765,323 Electric Power Development Co., Ltd. 32,100 813,337 Ezaki Glico Co., Ltd. 12,600 662,515 FamilyMart UNY Holdings Co., Ltd. 27,386 1,533,783 FANUC Corp. 38,200 7,810,170 Fast Retailing Co., Ltd. 14,100 4,230,690 FP Corp. 9,300 508,787 Fuji Electric Co., Ltd. 282,000 1,552,625 Fuji Media Holdings, Inc. 21,500 310,639 FUJIFILM Holdings Corp. 100,400 3,690,538 Fujikura, Ltd. 161,900 1,363,078 Fujitsu General, Ltd. 15,000 316,624 Fujitsu, Ltd. 590,440 4,396,846 Fukuoka Financial Group, Inc. 301,000 1,387,710 Furukawa Electric Co., Ltd. 42,200 1,904,443 Glory, Ltd. 22,100 735,936 # GMO Payment Gateway, Inc. 2,700 159,264 # Gree, Inc. 18,000 138,290 # GungHo Online Entertainment, Inc. 176,000 475,529 Gunma Bank, Ltd. (The) 144,800 848,377 H2O Retailing Corp. 30,500 499,075 Hachijuni Bank, Ltd. (The) 148,400 942,170 Hakuhodo DY Holdings, Inc. 52,100 731,211 Hamamatsu Photonics K.K. 28,600 909,095 Hankyu Hanshin Holdings, Inc. 82,400 2,940,978 # Harmonic Drive Systems, Inc. 7,200 311,006 Haseko Corp. 161,500 2,022,083 Heiwa Corp. 25,900 569,785 Hikari Tsushin, Inc. 6,000 655,196 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Hino Motors, Ltd. 117,500 $ 1,382,939 Hirose Electric Co., Ltd. 6,000 817,009 Hiroshima Bank, Ltd. (The) 171,000 730,983 HIS Co., Ltd. 8,000 245,975 Hisamitsu Pharmaceutical Co., Inc. 13,200 618,819 Hitachi Capital Corp. 36,900 877,836 Hitachi Chemical Co., Ltd. 47,300 1,344,727 Hitachi Construction Machinery Co., Ltd. 33,300 953,284 Hitachi High-Technologies Corp. 20,165 742,251 Hitachi Kokusai Electric, Inc. 5,900 152,099 Hitachi Metals, Ltd. 89,000 1,238,710 Hitachi Transport System, Ltd. 26,015 598,804 Hitachi, Ltd. 1,199,575 8,252,854 Hitachi, Ltd. ADR 34,292 2,369,234 Hokkaido Electric Power Co., Inc. 16,800 126,521 Hokuhoku Financial Group, Inc. 41,300 671,391 # Hokuriku Electric Power Co. 58,100 537,913 Honda Motor Co., Ltd. 424,092 11,871,118 Honda Motor Co., Ltd. Sponsored ADR 113,774 3,187,947 Horiba, Ltd. 10,600 649,312 Hoshizaki Corp. 14,700 1,422,910 House Foods Group, Inc. 20,700 534,358 Hoya Corp. 105,000 5,920,625 Hulic Co., Ltd. 63,900 674,695 Ibiden Co., Ltd. 50,700 879,874 Ichigo, Inc. 75,700 231,210 Idemitsu Kosan Co., Ltd. 66,300 1,609,200 * IHI Corp. 636,000 2,096,222 Iida Group Holdings Co., Ltd. 70,300 1,201,145 Inpex Corp. 256,400 2,495,165 Isetan Mitsukoshi Holdings, Ltd. 125,280 1,220,871 Isuzu Motors, Ltd. 276,293 3,788,583 Ito En, Ltd. 17,100 632,330 ITOCHU Corp. 345,600 5,419,528 Itochu Techno-Solutions Corp. 18,200 633,753 Itoham Yonekyu Holdings, Inc. 51,300 477,138 Iyo Bank, Ltd. (The) 96,300 786,295 Izumi Co., Ltd. 17,700 923,425 J Front Retailing Co., Ltd. 117,500 1,679,346 Japan Airlines Co., Ltd. 40,200 1,298,839 Japan Airport Terminal Co., Ltd. 9,500 352,134 Japan Exchange Group, Inc. 157,100 2,819,522 Japan Tobacco, Inc. 319,000 11,084,971 JFE Holdings, Inc. 196,500 3,790,190 JGC Corp. 60,400 967,554 JSR Corp. 63,000 1,110,187 JTEKT Corp. 113,260 1,612,112 JXTG Holdings, Inc. 1,115,770 4,959,624 # K's Holdings Corp. 35,078 704,219 Kagome Co., Ltd. 17,800 540,714 Kajima Corp. 369,000 3,217,547 Kakaku.com, Inc. 38,000 536,894 Kaken Pharmaceutical Co., Ltd. 8,500 452,424 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Kamigumi Co., Ltd. 83,000 $ 889,519 Kaneka Corp. 129,000 1,033,698 Kansai Electric Power Co., Inc. (The) 155,400 2,086,572 Kansai Paint Co., Ltd. 45,500 1,040,750 Kao Corp. 143,600 8,743,017 Kawasaki Heavy Industries, Ltd. 695,000 2,212,809 #* Kawasaki Kisen Kaisha, Ltd. 299,000 742,375 KDDI Corp. 531,800 14,091,092 Keihan Holdings Co., Ltd. 221,000 1,429,822 Keikyu Corp. 104,000 1,206,988 Keio Corp. 123,000 1,030,039 Keisei Electric Railway Co., Ltd. 32,000 875,683 Kewpie Corp. 44,400 1,116,818 Keyence Corp. 21,102 9,747,312 Kikkoman Corp. 28,000 857,567 Kinden Corp. 49,100 764,265 Kintetsu Group Holdings Co., Ltd. 401,280 1,538,800 Kirin Holdings Co., Ltd. 249,400 5,492,724 Kobayashi Pharmaceutical Co., Ltd. 10,200 633,939 #* Kobe Steel, Ltd. 137,292 1,717,255 Koei Tecmo Holdings Co., Ltd. 3,600 74,379 Koito Manufacturing Co., Ltd. 33,100 1,933,573 Komatsu, Ltd. 210,100 5,634,363 Konami Holdings Corp. 25,200 1,314,278 Konica Minolta, Inc. 295,700 2,449,341 Kose Corp. 9,390 1,044,933 Kubota Corp. 193,300 3,356,673 Kubota Corp. Sponsored ADR 8,151 713,539 Kuraray Co., Ltd. 176,500 3,431,412 Kurita Water Industries, Ltd. 34,400 978,693 Kyocera Corp. 57,700 3,505,277 Kyocera Corp. Sponsored ADR 21,258 1,298,651 Kyowa Hakko Kirin Co., Ltd. 65,200 1,180,787 Kyudenko Corp. 20,000 754,350 Kyushu Electric Power Co., Inc. 91,900 1,088,288 Kyushu Financial Group, Inc. 130,200 816,970 # Lawson, Inc. 17,300 1,177,754 Lion Corp. 57,600 1,232,939 LIXIL Group Corp. 127,040 3,269,403 M3, Inc. 63,900 1,723,707 # Mabuchi Motor Co., Ltd. 13,000 685,100 Maeda Corp. 49,000 592,450 Makita Corp. 44,900 1,756,285 Makita Corp. Sponsored ADR 3,260 127,173 Marubeni Corp. 460,700 3,052,817 Marui Group Co., Ltd. 60,100 817,346 Maruichi Steel Tube, Ltd. 15,000 462,959 # Matsui Securities Co., Ltd. 40,100 328,207 Matsumotokiyoshi Holdings Co., Ltd. 13,700 844,820 Mazda Motor Corp. 289,599 4,353,480 # McDonald's Holdings Co. Japan, Ltd. 12,400 503,878 Mebuki Financial Group, Inc. 376,040 1,447,573 Medipal Holdings Corp. 52,700 964,380 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Megmilk Snow Brand Co., Ltd. 12,500 $ 345,593 MEIJI Holdings Co., Ltd. 34,812 2,774,286 Minebea Mitsumi, Inc. 146,100 2,407,043 Miraca Holdings, Inc. 27,900 1,273,143 MISUMI Group, Inc. 74,800 1,855,026 Mitsubishi Chemical Holdings Corp. 478,790 4,008,553 Mitsubishi Corp. 364,800 7,920,614 Mitsubishi Electric Corp. 455,600 7,053,002 Mitsubishi Estate Co., Ltd. 286,000 5,200,325 Mitsubishi Gas Chemical Co., Inc. 66,100 1,525,032 Mitsubishi Heavy Industries, Ltd. 930,000 3,697,542 Mitsubishi Logistics Corp. 41,000 526,346 Mitsubishi Materials Corp. 56,900 1,911,504 Mitsubishi Motors Corp. 191,699 1,382,839 Mitsubishi Tanabe Pharma Corp. 47,400 1,128,389 Mitsubishi UFJ Financial Group, Inc. 1,538,272 9,758,967 Mitsubishi UFJ Financial Group, Inc. Sponsored ADR 1,429,197 9,103,985 Mitsubishi UFJ Lease & Finance Co., Ltd. 348,200 1,854,891 Mitsui & Co., Ltd. 361,600 5,257,946 Mitsui & Co., Ltd. Sponsored ADR 2,559 748,482 Mitsui Chemicals, Inc. 520,000 2,954,183 Mitsui Fudosan Co., Ltd. 185,000 4,245,793 Mitsui Mining & Smelting Co., Ltd. 366,000 1,598,842 Mitsui OSK Lines, Ltd. 427,000 1,328,940 Miura Co., Ltd. 20,000 404,679 Mixi, Inc. 12,400 681,500 Mizuho Financial Group, Inc. 5,559,805 9,887,415 # Mizuho Financial Group, Inc. ADR 307,194 1,096,683 # MonotaRO Co., Ltd. 14,800 488,179 # Morinaga & Co., Ltd. 10,399 596,001 MS&AD Insurance Group Holdings, Inc. 122,595 4,299,967 Murata Manufacturing Co., Ltd. 50,800 7,902,923 Nabtesco Corp. 47,000 1,525,830 # Nagoya Railroad Co., Ltd. 216,000 990,571 Nankai Electric Railway Co., Ltd. 186,000 915,256 NEC Corp. 1,237,546 3,364,200 * Nexon Co., Ltd. 66,100 1,373,853 NGK Insulators, Ltd. 100,500 2,021,079 NGK Spark Plug Co., Ltd. 82,200 1,659,568 NH Foods, Ltd. 60,000 1,774,757 NHK Spring Co., Ltd. 121,700 1,314,430 Nichirei Corp. 45,900 1,290,041 Nidec Corp. 49,300 5,432,331 Nidec Corp. Sponsored ADR 52,108 1,442,349 # Nifco, Inc. 19,100 1,101,678 Nihon Kohden Corp. 24,500 585,527 Nihon M&A Center, Inc. 15,800 634,400 Nikon Corp. 118,300 2,084,418 Nintendo Co., Ltd. 21,600 7,335,672 Nippo Corp. 25,000 508,604 Nippon Electric Glass Co., Ltd. 29,500 1,044,282 Nippon Express Co., Ltd. 371,000 2,369,136 Nippon Kayaku Co., Ltd. 58,000 811,752 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Nippon Paint Holdings Co., Ltd. 42,600 $1,638,001 Nippon Paper Industries Co., Ltd. 49,900 994,849 Nippon Shinyaku Co., Ltd. 9,200 580,655 Nippon Shokubai Co., Ltd. 9,800 641,126 Nippon Steel & Sumitomo Metal Corp. 197,442 4,846,786 Nippon Telegraph & Telephone Corp. 167,900 8,216,722 Nippon Television Holdings, Inc. 12,900 220,550 * Nippon Yusen K.K. 614,000 1,172,121 Nipro Corp. 80,900 1,097,395 Nishi-Nippon Railroad Co., Ltd. 28,000 123,405 Nissan Chemical Industries, Ltd. 33,200 1,102,103 Nissan Motor Co., Ltd. 841,700 8,357,455 Nisshin Seifun Group, Inc. 50,270 825,503 Nisshinbo Holdings, Inc. 12,000 121,519 Nissin Foods Holdings Co., Ltd. 9,900 621,965 Nitori Holdings Co., Ltd. 21,300 3,005,907 Nitto Denko Corp. 43,400 3,869,935 NOF Corp. 48,000 652,165 NOK Corp. 37,580 860,208 Nomura Holdings, Inc. 525,900 3,124,488 Nomura Holdings, Inc. Sponsored ADR 348,297 2,079,333 Nomura Real Estate Holdings, Inc. 59,500 1,179,359 Nomura Research Institute, Ltd. 30,778 1,152,124 NS Solutions Corp. 8,600 181,059 NSK, Ltd. 210,500 2,713,400 NTN Corp. 268,000 1,247,280 NTT Data Corp. 176,600 1,923,680 NTT DOCOMO, Inc. 311,028 7,222,691 # NTT DOCOMO, Inc. Sponsored ADR 50,866 1,182,126 NTT Urban Development Corp. 27,400 280,341 Obayashi Corp. 314,300 3,784,379 Obic Co., Ltd. 12,900 806,488 # Odakyu Electric Railway Co., Ltd. 61,400 1,216,244 Oji Holdings Corp. 591,000 3,030,920 # Olympus Corp. 83,000 3,012,627 Omron Corp. 54,900 2,739,075 Ono Pharmaceutical Co., Ltd. 84,900 1,857,249 Oracle Corp. 12,300 826,742 # Orient Corp. 208,000 350,819 Oriental Land Co., Ltd. 56,600 4,102,966 ORIX Corp. 440,100 6,983,692 Osaka Gas Co., Ltd. 431,000 1,726,207 # OSG Corp. 26,100 550,301 Otsuka Corp. 16,300 1,067,765 Otsuka Holdings Co., Ltd. 79,700 3,509,927 PALTAC Corp. 7,500 272,118 Panasonic Corp. 552,687 7,612,315 # Panasonic Corp. Sponsored ADR 106,991 1,490,385 # Park24 Co., Ltd. 30,300 766,826 #* PeptiDream, Inc. 13,000 408,473 Persol Holdings Co., Ltd. 49,200 932,822 Pigeon Corp. 32,800 1,215,787 # Pilot Corp. 4,000 174,235 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Pola Orbis Holdings, Inc. 20,800 $ 577,061 Rakuten, Inc. 243,900 2,979,283 Recruit Holdings Co., Ltd. 323,300 5,596,218 Relo Group, Inc. 32,000 642,289 Resona Holdings, Inc. 584,900 3,013,206 Resorttrust, Inc. 28,900 532,730 Ricoh Co., Ltd. 277,800 2,612,018 Rinnai Corp. 8,000 746,862 Rohm Co., Ltd. 26,362 2,037,482 Rohto Pharmaceutical Co., Ltd. 29,900 603,990 Ryohin Keikaku Co., Ltd. 7,300 1,866,196 Sankyo Co., Ltd. 16,200 531,723 Sankyu, Inc. 74,000 557,356 Santen Pharmaceutical Co., Ltd. 101,500 1,429,970 Sanwa Holdings Corp. 84,300 912,852 Sapporo Holdings, Ltd. 40,500 1,103,075 Sawai Pharmaceutical Co., Ltd. 16,900 952,513 SBI Holdings, Inc. 88,450 1,265,415 SCREEN Holdings Co., Ltd. 20,200 1,350,215 SCSK Corp. 12,200 514,842 Secom Co., Ltd. 55,200 4,141,542 Sega Sammy Holdings, Inc. 70,248 947,837 # Seibu Holdings, Inc. 74,400 1,297,885 # Seiko Epson Corp. 119,600 3,148,164 Seino Holdings Co., Ltd. 59,200 797,120 Sekisui Chemical Co., Ltd. 156,800 2,888,309 Sekisui House, Ltd. 138,460 2,396,768 Seria Co., Ltd. 10,400 516,176 Seven & I Holdings Co., Ltd. 194,676 7,846,349 # Seven Bank, Ltd. 248,700 984,195 #* Sharp Corp. 370,000 1,302,471 # Shikoku Electric Power Co., Inc. 47,900 575,609 Shimadzu Corp. 60,500 1,191,241 Shimamura Co., Ltd. 7,100 882,836 Shimano, Inc. 20,300 2,976,190 Shimizu Corp. 265,200 2,802,099 Shin-Etsu Chemical Co., Ltd. 86,000 7,865,985 Shinsei Bank, Ltd. 644,000 1,061,474 Shionogi & Co., Ltd. 77,100 4,116,375 Shiseido Co., Ltd. 84,400 2,981,295 Shizuoka Bank, Ltd. (The) 195,000 1,739,787 Showa Denko K.K. 85,600 2,228,116 Showa Shell Sekiyu K.K. 89,800 978,169 Skylark Co., Ltd. 38,700 584,095 SMC Corp. 12,400 3,942,049 SoftBank Group Corp. 242,488 19,543,937 Sohgo Security Services Co., Ltd. 21,900 928,317 Sojitz Corp. 459,800 1,158,268 Sompo Holdings, Inc. 95,950 3,763,370 Sony Corp. 311,700 12,805,980 Sony Corp. Sponsored ADR 25,884 1,063,056 # Sony Financial Holdings, Inc. 48,800 843,657 Sotetsu Holdings, Inc. 112,722 551,878 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Square Enix Holdings Co., Ltd. 28,300 $ 925,940 Stanley Electric Co., Ltd. 49,600 1,638,482 Start Today Co., Ltd. 53,100 1,498,309 Subaru Corp. 179,886 6,489,754 Sugi Holdings Co., Ltd. 11,400 581,659 # Sumco Corp. 57,300 927,349 Sumitomo Chemical Co., Ltd. 896,148 5,237,196 Sumitomo Corp. 288,200 3,895,544 Sumitomo Dainippon Pharma Co., Ltd. 45,500 637,362 Sumitomo Electric Industries, Ltd. 206,500 3,337,959 Sumitomo Forestry Co., Ltd. 66,500 1,017,950 Sumitomo Heavy Industries, Ltd. 218,000 1,589,311 Sumitomo Metal Mining Co., Ltd. 191,000 2,884,611 Sumitomo Mitsui Financial Group, Inc. 330,440 12,750,285 Sumitomo Mitsui Trust Holdings, Inc. 84,140 3,089,887 Sumitomo Realty & Development Co., Ltd. 98,000 2,966,689 Sumitomo Rubber Industries, Ltd. 98,800 1,713,210 Sundrug Co., Ltd. 22,200 827,001 Suntory Beverage & Food, Ltd. 39,400 1,931,365 Suruga Bank, Ltd. 45,300 1,092,360 Suzuken Co., Ltd. 27,008 901,985 Suzuki Motor Corp. 98,700 4,678,510 Sysmex Corp. 44,500 2,547,410 T&D Holdings, Inc. 223,600 3,298,493 Taiheiyo Cement Corp. 660,000 2,476,504 Taisei Corp. 379,000 3,627,798 Taisho Pharmaceutical Holdings Co., Ltd. 8,300 621,774 # Taiyo Nippon Sanso Corp. 67,200 776,628 Takara Holdings, Inc. 38,700 386,440 Takashimaya Co., Ltd. 117,000 1,070,298 Takeda Pharmaceutical Co., Ltd. 167,200 8,832,645 TDK Corp. 51,100 3,672,632 TDK Corp. Sponsored ADR 1,900 136,667 Teijin, Ltd. 109,400 2,193,402 Terumo Corp. 87,100 3,293,250 THK Co., Ltd. 43,000 1,312,950 TIS, Inc. 29,900 903,872 Tobu Railway Co., Ltd. 224,000 1,186,048 Toda Corp. 78,000 536,227 Toho Co., Ltd. 26,700 962,199 Toho Gas Co., Ltd. 123,000 833,545 Tohoku Electric Power Co., Inc. 100,700 1,371,816 Tokio Marine Holdings, Inc. 181,300 7,624,254 Tokio Marine Holdings, Inc. ADR 4,182 176,480 Tokyo Broadcasting System Holdings, Inc. 8,300 156,880 Tokyo Century Corp. 22,000 937,069 * Tokyo Electric Power Co. Holdings, Inc. 304,500 1,291,595 Tokyo Electron, Ltd. 43,200 6,075,548 Tokyo Gas Co., Ltd. 470,000 2,493,738 Tokyo Tatemono Co., Ltd. 74,519 1,013,953 Tokyu Corp. 122,618 1,804,313 Tokyu Fudosan Holdings Corp. 285,200 1,710,792 Toppan Printing Co., Ltd. 202,000 2,134,677 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------------- JAPAN -- (Continued) Toray Industries, Inc. 411,593 $ 3,716,652 #* Toshiba Corp. 717,000 1,626,897 Tosoh Corp. 313,000 3,705,960 TOTO, Ltd. 46,200 1,859,152 Toyo Seikan Group Holdings, Ltd. 60,100 985,179 Toyo Suisan Kaisha, Ltd. 29,300 1,064,473 Toyo Tire & Rubber Co., Ltd. 50,000 1,026,327 Toyoda Gosei Co., Ltd. 38,400 906,030 Toyota Boshoku Corp. 25,800 538,820 Toyota Industries Corp. 35,800 1,920,738 Toyota Motor Corp. 422,423 23,807,692 Toyota Motor Corp. Sponsored ADR 96,721 10,913,998 Toyota Tsusho Corp. 106,460 3,422,480 Trend Micro, Inc. 35,700 1,785,438 Trend Micro, Inc. Sponsored ADR 777 38,967 Tsumura & Co. 18,400 715,144 Tsuruha Holdings, Inc. 9,600 1,007,245 TV Asahi Holdings Corp. 7,600 138,194 Ube Industries, Ltd. 681,000 1,844,741 Ulvac, Inc. 10,200 546,878 Unicharm Corp. 115,300 2,958,304 # Universal Entertainment Corp. 8,200 235,255 USS Co., Ltd. 57,300 1,157,534 Welcia Holdings Co., Ltd. 12,000 456,005 West Japan Railway Co. 39,500 2,835,278 # Yahoo Japan Corp. 386,800 1,750,631 Yakult Honsha Co., Ltd. 18,200 1,240,249 # Yamada Denki Co., Ltd. 271,800 1,451,642 Yamaguchi Financial Group, Inc. 73,000 859,197 Yamaha Corp. 39,100 1,382,701 Yamaha Motor Co., Ltd. 116,100 2,915,915 Yamato Holdings Co., Ltd. 118,200 2,372,549 Yamato Kogyo Co., Ltd. 3,200 89,697 Yamazaki Baking Co., Ltd. 58,800 1,179,564 Yaskawa Electric Corp. 73,400 1,967,800 Yokogawa Electric Corp. 63,900 1,075,432 Yokohama Rubber Co., Ltd. (The) 65,800 1,325,060 Zenkoku Hosho Co., Ltd. 12,400 533,234 Zensho Holdings Co., Ltd. 26,600 481,172 Zeon Corp. 86,000 1,072,945 -------------- TOTAL JAPAN 1,007,688,795 -------------- NETHERLANDS -- (3.1%) ABN AMRO Group NV 103,314 2,920,195 Aegon NV(007924103) 25,991 144,771 Aegon NV(5927375) 611,527 3,427,885 Akzo Nobel NV 99,092 8,971,201 * Altice NV Class A 109,909 2,707,877 * Altice NV Class B 22,389 553,131 #* ArcelorMittal(03938L203) 104,290 2,728,216 * ArcelorMittal(BYPBS67) 273,663 7,205,043 # ASML Holding NV(B908F01) 37,296 5,606,708 ASML Holding NV(B929F46) 41,815 6,305,709 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ NETHERLANDS -- (Continued) Boskalis Westminster 3,787 $ 135,448 Coca-Cola European Partners P.L.C. 49,554 2,150,795 Gemalto NV(B9MS8P5) 23,550 1,199,665 Gemalto NV(B011JK4) 2,377 121,166 GrandVision NV 19,740 557,828 # Heineken NV 59,387 6,196,984 ING Groep NV 664,328 12,412,195 # ING Groep NV Sponsored ADR 280,356 5,251,068 Koninklijke Ahold Delhaize NV 344,717 7,050,859 Koninklijke Ahold Delhaize NV Sponsored ADR 29,462 602,199 Koninklijke DSM NV 65,371 4,822,308 # Koninklijke KPN NV 1,249,262 4,530,258 Koninklijke Philips NV(5986622) 155,670 5,949,091 Koninklijke Philips NV(500472303) 105,514 4,027,469 Koninklijke Vopak NV 22,816 1,086,324 NN Group NV 119,162 4,830,096 Randstad Holding NV 53,338 3,216,056 RELX NV 214,287 4,500,970 RELX NV Sponsored ADR 69,010 1,456,802 # Unilever NV(904784709) 188,049 10,938,810 # Unilever NV(B12T3J1) 271,544 15,824,936 Wolters Kluwer NV 103,463 4,601,355 ------------ TOTAL NETHERLANDS 142,033,418 ------------ NEW ZEALAND -- (0.2%) * a2 Milk Co., Ltd. 116,468 386,229 Air New Zealand, Ltd. 427,076 1,075,194 Auckland International Airport, Ltd. 205,307 1,073,343 Contact Energy, Ltd. 183,352 738,293 EBOS Group, Ltd. 11,685 158,737 Fisher & Paykel Healthcare Corp., Ltd. 160,523 1,322,696 Fletcher Building, Ltd. 263,700 1,582,976 # Fonterra Co-operative Group, Ltd. 22,004 100,000 Mercury NZ, Ltd. 182,060 476,112 Meridian Energy, Ltd. 343,479 743,005 Ryman Healthcare, Ltd. 115,533 765,146 SKYCITY Entertainment Group, Ltd. 53,400 162,057 Spark New Zealand, Ltd. 614,437 1,730,631 Vector, Ltd. 3,699 9,453 * Xero, Ltd. 5,729 113,510 Z Energy, Ltd. 96,429 560,624 ------------ TOTAL NEW ZEALAND 10,998,006 ------------ NORWAY -- (0.7%) Aker ASA Class A 10,364 392,463 Aker BP ASA 43,699 825,471 Bakkafrost P/F 15,095 592,709 DNB ASA 208,300 4,091,946 Entra ASA 17,301 229,957 Gjensidige Forsikring ASA 59,061 1,022,186 # Golar LNG, Ltd. 6,906 164,432 Kongsberg Gruppen ASA 16,641 282,984 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- NORWAY -- (Continued) Leroy Seafood Group ASA 122,750 $ 712,481 # Marine Harvest ASA 131,683 2,455,033 Norsk Hydro ASA 281,797 1,818,307 * Norwegian Finans Holding ASA 8,817 94,721 Orkla ASA 186,677 1,922,969 Salmar ASA 14,794 384,620 # Schibsted ASA Class A 18,198 464,247 Schibsted ASA Class B 16,585 387,970 SpareBank 1 SR-Bank ASA 59,708 595,941 Statoil ASA 282,911 5,317,050 Statoil ASA Sponsored ADR 38,396 720,309 Storebrand ASA 194,092 1,618,966 Subsea 7 SA 126,197 1,869,971 Telenor ASA 207,989 4,152,196 TGS NOPEC Geophysical Co. ASA 42,534 898,856 Tomra Systems ASA 6,397 90,923 Veidekke ASA 10,775 142,434 Yara International ASA 42,604 1,693,347 ----------- TOTAL NORWAY 32,942,489 ----------- PORTUGAL -- (0.1%) EDP - Energias de Portugal SA 565,257 2,006,914 EDP Renovaveis SA 77,303 617,793 Galp Energia SGPS SA 140,229 2,246,541 Jeronimo Martins SGPS SA 63,050 1,240,088 ----------- TOTAL PORTUGAL 6,111,336 ----------- SINGAPORE -- (1.1%) CapitaLand, Ltd. 632,750 1,721,293 City Developments, Ltd. 167,000 1,386,210 ComfortDelGro Corp., Ltd. 744,400 1,268,318 Dairy Farm International Holdings, Ltd. 84,800 683,714 DBS Group Holdings, Ltd. 376,989 6,014,338 Genting Singapore P.L.C. 1,783,600 1,532,455 Global Logistic Properties, Ltd. 538,300 1,313,790 Golden Agri-Resources, Ltd. 2,492,700 725,827 Great Eastern Holdings, Ltd. 13,000 239,725 Hongkong Land Holdings, Ltd. 280,800 2,110,068 Hutchison Port Holdings Trust 1,640,600 778,798 Jardine Cycle & Carriage, Ltd. 27,610 822,141 Keppel Corp., Ltd. 574,500 2,716,917 Olam International, Ltd. 122,400 176,102 Oversea-Chinese Banking Corp., Ltd. 672,656 5,633,735 SATS, Ltd. 217,736 775,768 SembCorp Industries, Ltd. 734,620 1,749,543 Singapore Airlines, Ltd. 404,000 3,096,096 Singapore Exchange, Ltd. 236,100 1,317,749 # Singapore Press Holdings, Ltd. 314,100 674,362 Singapore Technologies Engineering, Ltd. 472,400 1,313,571 Singapore Telecommunications, Ltd.(B02PY00) 334,600 979,615 Singapore Telecommunications, Ltd.(B02PY22) 1,955,450 5,724,057 # StarHub, Ltd. 134,400 270,696 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SINGAPORE -- (Continued) United Industrial Corp., Ltd. 97,795 $ 231,591 United Overseas Bank, Ltd. 357,965 6,334,404 UOL Group, Ltd. 174,987 1,018,150 Wilmar International, Ltd. 391,500 963,778 ------------ TOTAL SINGAPORE 51,572,811 ------------ SPAIN -- (3.0%) Abertis Infraestructuras SA 208,465 4,110,367 ACS Actividades de Construccion y Servicios SA 80,529 3,083,993 Aena SA 19,856 3,880,814 Amadeus IT Group SA 135,906 8,365,543 Banco Bilbao Vizcaya Argentaria SA 938,951 8,495,332 # Banco Bilbao Vizcaya Argentaria SA Sponsored ADR 585,744 5,318,556 Banco de Sabadell SA 2,182,971 4,874,841 Banco Santander SA 2,932,531 19,965,162 # Banco Santander SA Sponsored ADR 451,417 3,078,667 Bankia SA 298,776 1,510,110 Bankinter SA 179,034 1,742,429 CaixaBank SA 1,058,290 5,512,257 Enagas SA 95,908 2,710,648 Endesa SA 102,378 2,423,628 Ferrovial SA 137,384 2,962,668 Gas Natural SDG SA 131,848 3,085,774 Grifols SA 87,226 2,447,560 Iberdrola SA 1,566,850 12,351,380 Industria de Diseno Textil SA 288,002 11,432,063 Mapfre SA 488,383 1,819,139 Red Electrica Corp. SA 120,711 2,586,039 Repsol SA 462,499 7,745,877 Repsol SA Sponsored ADR 99,830 1,678,147 Siemens Gamesa Renewable Energy SA 95,952 1,569,887 Telefonica SA 919,274 10,408,912 Telefonica SA Sponsored ADR 387,745 4,373,764 ------------ TOTAL SPAIN 137,533,557 ------------ SWEDEN -- (2.7%) AAK AB 9,855 728,440 Alfa Laval AB 99,084 2,212,900 Assa Abloy AB Class B 225,037 4,820,954 Atlas Copco AB Class A 194,505 7,034,804 Atlas Copco AB Class B 112,186 3,633,241 Axfood AB 17,676 297,692 BillerudKorsnas AB 88,976 1,406,921 Boliden AB 137,832 4,327,102 Castellum AB 76,833 1,194,261 Electrolux AB Series B 73,490 2,513,024 Elekta AB Class B 60,044 577,910 * Essity AB Class A 8,605 248,863 * Essity AB Class B 158,208 4,587,244 Fabege AB 34,721 685,787 * Fastighets AB Balder Class B 24,067 612,340 #* Fingerprint Cards AB Class B 8,405 39,306 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ SWEDEN -- (Continued) Getinge AB Class B 91,928 $ 1,595,765 Hennes & Mauritz AB Class B 259,323 6,765,778 Hexagon AB Class B 61,691 3,048,230 Hexpol AB 140,118 1,433,116 Holmen AB Class B 19,429 877,521 Hufvudstaden AB Class A 43,712 760,870 Husqvarna AB Class A 12,600 127,099 Husqvarna AB Class B 156,533 1,592,357 # ICA Gruppen AB 27,546 1,103,742 Lifco AB Class B 1,409 46,976 * Lundin Petroleum AB 32,718 745,109 Millicom International Cellular SA 35,634 2,232,880 NCC AB Class B 12,509 325,480 Nibe Industrier AB Class B 99,984 953,257 Nordea Bank AB 722,226 9,112,959 Pandox AB 7,720 138,863 Peab AB 82,974 973,971 Saab AB Class B 22,981 1,066,307 Sandvik AB 330,331 5,205,553 Securitas AB Class B 119,211 1,985,262 Skandinaviska Enskilda Banken AB Class A 375,832 4,759,655 Skanska AB Class B 100,982 2,294,656 SKF AB Class A 6,795 135,369 SKF AB Class B 215,247 4,278,281 * SSAB AB Class A 81,249 410,505 * SSAB AB Class B 199,604 824,198 Svenska Cellulosa AB SCA Class A 8,605 88,906 Svenska Cellulosa AB SCA Class B 158,208 1,309,944 Svenska Handelsbanken AB Class A 367,077 5,463,612 Svenska Handelsbanken AB Class B 3,612 53,867 Sweco AB Class B 20,584 502,726 Swedbank AB Class A 215,650 5,623,585 Swedish Match AB 44,635 1,569,961 * Swedish Orphan Biovitrum AB 28,314 431,141 Tele2 AB Class B 110,862 1,319,455 Telefonaktiebolaget LM Ericsson Class A 14,581 94,498 Telefonaktiebolaget LM Ericsson Class B 758,382 4,908,558 Telia Co. AB 888,392 4,176,206 Trelleborg AB Class B 81,891 1,928,736 Volvo AB Class A 60,224 1,022,362 Volvo AB Class B 425,095 7,220,410 Wallenstam AB Class B 29,527 300,613 ------------ TOTAL SWEDEN 123,729,128 ------------ SWITZERLAND -- (7.0%) ABB, Ltd. 419,859 9,835,751 ABB, Ltd. Sponsored ADR 141,955 3,335,942 Adecco Group AG 82,748 6,313,093 ams AG 6,444 464,397 Baloise Holding AG 18,796 3,019,879 Banque Cantonale Vaudoise 1,035 748,820 Barry Callebaut AG 736 1,049,633 Chocoladefabriken Lindt & Spruengli AG 21 1,431,209 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ SWITZERLAND -- (Continued) Cie Financiere Richemont SA 110,324 $ 9,378,655 Clariant AG 124,434 2,891,537 Credit Suisse Group AG 501,697 7,711,926 Credit Suisse Group AG Sponsored ADR 62,787 963,784 DKSH Holding AG 1,279 100,648 * Dufry AG 17,788 2,833,727 EMS-Chemie Holding AG 2,286 1,590,641 Flughafen Zurich AG 10,477 2,672,041 Geberit AG 11,507 5,534,345 Givaudan SA 3,191 6,348,837 Helvetia Holding AG 161 89,987 * Idorsia, Ltd. 27,203 509,203 Julius Baer Group, Ltd. 85,038 4,813,748 Kuehne + Nagel International AG 16,305 2,839,412 LafargeHolcim, Ltd.(BZ3DNX4) 29,333 1,760,576 LafargeHolcim, Ltd.(7110753) 94,095 5,622,288 Logitech International SA(B18ZRK2) 35,440 1,286,295 Logitech International SA(H50430232) 1,390 50,096 Lonza Group AG 19,934 4,737,805 Nestle SA 810,551 68,418,208 Novartis AG 440,772 37,543,951 Novartis AG Sponsored ADR 86,125 7,337,850 Partners Group Holding AG 5,335 3,463,311 Roche Holding AG(7108918) 7,382 1,903,253 Roche Holding AG(7110388) 204,910 51,876,918 Schindler Holding AG 5,375 1,130,342 SGS SA 1,665 3,679,958 Sika AG 682 4,699,837 Sonova Holding AG 18,391 2,982,859 Straumann Holding AG 2,604 1,470,526 # Swatch Group AG (The)(7184725) 11,755 4,663,918 Swatch Group AG (The)(7184736) 19,696 1,517,065 Swiss Life Holding AG 12,374 4,515,924 Swiss Prime Site AG 23,246 2,098,462 Swiss Re AG 73,062 7,044,066 Swisscom AG 7,823 3,823,584 Temenos Group AG 16,649 1,609,397 UBS Group AG(BRJL176) 529,078 9,200,912 * UBS Group AG(H42097107) 319,797 5,574,062 # Vifor Pharma AG 17,960 1,917,117 Zurich Insurance Group AG 37,119 11,313,111 ------------ TOTAL SWITZERLAND 325,718,906 ------------ UNITED KINGDOM -- (15.3%) 3i Group P.L.C. 348,913 4,307,376 Aberdeen Asset Management P.L.C. 317,798 1,381,439 Admiral Group P.L.C. 55,470 1,513,219 * Anglo American P.L.C. 514,782 8,515,379 Antofagasta P.L.C. 118,014 1,473,762 Ashtead Group P.L.C. 192,974 4,145,913 Associated British Foods P.L.C. 80,389 3,144,794 AstraZeneca P.L.C. 153,478 9,147,757 # AstraZeneca P.L.C. Sponsored ADR 372,066 11,228,952 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) Auto Trader Group P.L.C. 248,313 $ 1,254,095 Aviva P.L.C. 1,152,835 8,194,383 Babcock International Group P.L.C. 202,339 2,253,990 BAE Systems P.L.C. 1,117,915 8,869,345 Barclays P.L.C. 928,091 2,488,445 Barclays P.L.C. Sponsored ADR 758,512 8,138,834 Barratt Developments P.L.C. 415,848 3,377,395 Berkeley Group Holdings P.L.C. 66,753 3,078,541 BHP Billiton P.L.C. 171,137 3,120,514 BHP Billiton P.L.C. ADR 188,914 6,878,359 BP P.L.C. 243,024 1,427,463 BP P.L.C. Sponsored ADR 681,280 23,940,162 British American Tobacco P.L.C. 368,573 22,927,355 British American Tobacco P.L.C. Sponsored ADR 175,004 10,941,250 BT Group P.L.C. 2,107,623 8,721,970 BT Group P.L.C. Sponsored ADR 69,804 1,458,206 Bunzl P.L.C. 112,003 3,381,776 Burberry Group P.L.C. 152,172 3,432,615 Capita P.L.C. 191,542 1,664,291 Carnival P.L.C. 26,312 1,775,964 # Carnival P.L.C. ADR 20,013 1,346,475 Centrica P.L.C. 1,901,610 4,981,590 Coca-Cola HBC AG 47,586 1,438,671 Compass Group P.L.C. 451,988 9,644,139 Croda International P.L.C. 38,291 1,868,437 DCC P.L.C. 29,261 2,572,406 Diageo P.L.C. 179,309 5,791,135 Diageo P.L.C. Sponsored ADR 121,935 15,921,053 Direct Line Insurance Group P.L.C. 629,833 3,112,701 Dixons Carphone P.L.C. 396,072 1,406,741 DS Smith P.L.C. 403,828 2,572,439 easyJet P.L.C. 69,710 1,136,996 Experian P.L.C. 291,459 5,790,195 Ferguson P.L.C. 17,864 107,366 Fresnillo P.L.C. 68,007 1,380,146 G4S P.L.C. 673,936 2,925,357 GKN P.L.C. 725,627 3,078,368 GlaxoSmithKline P.L.C. 570,253 11,352,007 # GlaxoSmithKline P.L.C. Sponsored ADR 423,459 17,158,559 Glencore P.L.C. 2,803,941 12,369,288 Halma P.L.C. 162,479 2,355,063 Hargreaves Lansdown P.L.C. 79,183 1,440,781 # Hikma Pharmaceuticals P.L.C. 57,203 1,064,814 Hiscox, Ltd. 41,914 718,093 HSBC Holdings P.L.C. 1,850,859 18,536,182 # HSBC Holdings P.L.C. Sponsored ADR 606,879 30,398,569 Imperial Brands P.L.C. 237,147 9,766,492 Imperial Brands P.L.C. Sponsored ADR 38,600 1,617,340 Inchcape P.L.C. 61,737 654,436 Informa P.L.C. 218,977 2,008,420 Inmarsat P.L.C. 168,418 1,723,620 InterContinental Hotels Group P.L.C. 41,900 2,370,886 International Consolidated Airlines Group SA 292,055 2,227,349 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- UNITED KINGDOM -- (Continued) Intertek Group P.L.C. 51,911 $ 2,944,669 Investec P.L.C. 222,918 1,692,614 ITV P.L.C. 1,062,665 2,430,106 J Sainsbury P.L.C. 843,947 2,726,760 JD Sports Fashion P.L.C. 25,768 121,802 Johnson Matthey P.L.C. 66,116 2,450,402 * Just Eat P.L.C. 119,253 976,789 Kingfisher P.L.C. 897,138 3,481,574 Legal & General Group P.L.C. 2,313,992 8,193,193 * Liberty Global P.L.C. Class A 6,400 216,692 * Liberty Global P.L.C. Series C 15,389 504,290 #* Liberty Global P.L.C. LiLAC Class A 798 20,537 * Liberty Global P.L.C. LiLAC Class C 1,919 48,973 Lloyds Banking Group P.L.C. 13,778,990 11,912,449 Lloyds Banking Group P.L.C. ADR 1,072,344 3,774,651 London Stock Exchange Group P.L.C. 74,761 3,701,173 Marks & Spencer Group P.L.C. 667,846 2,838,424 # Mediclinic International P.L.C. 98,374 960,891 Meggitt P.L.C. 276,113 1,832,634 Melrose Industries P.L.C. 544,083 1,668,169 Merlin Entertainments P.L.C. 300,118 1,858,329 Micro Focus International P.L.C. 98,386 2,897,304 Mondi P.L.C. 127,892 3,368,603 National Grid P.L.C. 334,987 4,145,087 National Grid P.L.C. Sponsored ADR 96,321 6,020,996 Next P.L.C. 37,645 1,962,262 Old Mutual P.L.C. 1,759,015 4,562,323 Pearson P.L.C. 121,772 1,053,824 Pearson P.L.C. Sponsored ADR 148,327 1,275,612 Pennon Group P.L.C. 82,561 877,543 Persimmon P.L.C. 110,482 3,650,427 Provident Financial P.L.C. 63,533 1,729,553 Prudential P.L.C. 253,769 6,192,088 Prudential P.L.C. ADR 126,945 6,216,497 Randgold Resources, Ltd. 24,614 2,291,172 Reckitt Benckiser Group P.L.C. 176,913 17,200,773 RELX P.L.C. 193,002 4,203,831 # RELX P.L.C. Sponsored ADR 116,032 2,565,467 Rentokil Initial P.L.C. 514,604 1,972,226 Rightmove P.L.C. 24,371 1,351,948 Rio Tinto P.L.C. 165,092 7,737,369 # Rio Tinto P.L.C. Sponsored ADR 183,639 8,700,816 Rolls-Royce Holdings P.L.C. 625,254 7,326,051 * Royal Bank of Scotland Group P.L.C. 444,195 1,456,320 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR 176,787 1,173,866 Royal Dutch Shell P.L.C. Class A(B03MLX2) 476,165 13,447,578 Royal Dutch Shell P.L.C. Class A(B09CBL4) 949 26,847 Royal Dutch Shell P.L.C. Class B 93,647 2,667,775 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 353,322 19,973,307 # Royal Dutch Shell P.L.C. Sponsored ADR, Class B 373,535 21,612,735 Royal Mail P.L.C. 287,876 1,530,745 RSA Insurance Group P.L.C. 352,623 3,036,010 Sage Group P.L.C. (The) 303,630 2,700,173 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- UNITED KINGDOM -- (Continued) Schroders P.L.C.(0239581) 15,545 $ 504,835 Schroders P.L.C.(0240549) 36,343 1,651,496 Severn Trent P.L.C. 77,197 2,282,514 Shire P.L.C. 132,271 7,394,267 Shire P.L.C. ADR 15,456 2,589,498 Sky P.L.C. 344,104 4,385,311 Sky P.L.C. Sponsored ADR 647 32,965 Smith & Nephew P.L.C. 230,418 4,009,259 Smith & Nephew P.L.C. Sponsored ADR 31,838 1,122,272 Smiths Group P.L.C. 143,658 2,909,773 Spirax-Sarco Engineering P.L.C. 16,725 1,227,506 SSE P.L.C. 355,730 6,473,713 St James's Place P.L.C. 220,057 3,534,633 * Standard Chartered P.L.C. 807,272 9,023,902 Standard Life P.L.C. 705,932 4,063,414 Taylor Wimpey P.L.C. 1,699,160 4,267,610 * Tesco P.L.C. 2,989,863 6,872,243 Travis Perkins P.L.C. 63,541 1,272,622 TUI AG 161,985 2,546,020 Unilever P.L.C. 100,087 5,708,233 # Unilever P.L.C. Sponsored ADR 270,502 15,415,909 United Utilities Group P.L.C. 212,032 2,512,685 United Utilities Group P.L.C. ADR 5,177 124,300 Vodafone Group P.L.C. 5,553,355 16,278,843 Vodafone Group P.L.C. Sponsored ADR 234,329 6,954,896 Weir Group P.L.C. (The) 55,734 1,349,015 Whitbread P.L.C. 60,451 3,069,700 WM Morrison Supermarkets P.L.C. 908,850 2,882,509 Wolseley P.L.C. 73,347 4,379,394 Worldpay Group P.L.C. 414,029 2,020,382 WPP P.L.C. 320,561 6,537,454 WPP P.L.C. Sponsored ADR 3,117 317,809 -------------- TOTAL UNITED KINGDOM 706,016,889 -------------- TOTAL COMMON STOCKS 4,407,157,317 -------------- PREFERRED STOCKS -- (0.5%) GERMANY -- (0.5%) Bayerische Motoren Werke AG 19,174 1,527,911 Fuchs Petrolub SE 16,704 991,640 Henkel AG & Co. KGaA 31,937 4,523,811 Porsche Automobil Holding SE 55,092 3,153,086 # Sartorius AG 9,717 918,400 Schaeffler AG 34,992 487,869 LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- GERMANY -- (Continued) # Volkswagen AG 64,521 $ 9,922,618 -------------- TOTAL GERMANY 21,525,335 -------------- TOTAL PREFERRED STOCKS 21,525,335 -------------- TOTAL INVESTMENT SECURITIES 4,428,682,652 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (4.1%) (S)@ DFA Short Term Investment Fund 16,566,045 191,702,273 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,855,581,079)^^ $4,620,384,925 ============== LARGE CAP INTERNATIONAL PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Australia $ 5,884,559 $ 264,953,261 -- $ 270,837,820 Austria -- 12,342,019 -- 12,342,019 Belgium -- 57,413,925 -- 57,413,925 Canada 392,637,514 -- -- 392,637,514 Denmark 2,564,649 69,765,308 -- 72,329,957 Finland 1,943,680 43,539,057 -- 45,482,737 France 11,075,928 388,544,774 -- 399,620,702 Germany 23,559,447 323,964,421 -- 347,523,868 Hong Kong 689,547 131,902,982 -- 132,592,529 Ireland 7,816,797 14,287,769 -- 22,104,566 Israel 7,265,563 13,548,080 -- 20,813,643 Italy 4,806,078 84,306,624 -- 89,112,702 Japan 39,416,696 968,272,099 -- 1,007,688,795 Netherlands 30,877,209 111,156,209 -- 142,033,418 New Zealand -- 10,998,006 -- 10,998,006 Norway 884,741 32,057,748 -- 32,942,489 Portugal -- 6,111,336 -- 6,111,336 Singapore -- 51,572,811 -- 51,572,811 Spain 14,449,134 123,084,423 -- 137,533,557 Sweden 4,836,107 118,893,021 -- 123,729,128 Switzerland 17,770,937 307,947,969 -- 325,718,906 United Kingdom 227,797,213 478,219,676 -- 706,016,889 Preferred Stocks Germany -- 21,525,335 -- 21,525,335 Securities Lending Collateral -- 191,702,273 -- 191,702,273 Futures Contracts** 663,138 -- -- 663,138 ------------ -------------- -- -------------- TOTAL $794,938,937 $3,826,109,126 -- $4,621,048,063 ============ ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. INTERNATIONAL CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ---------- ----------- COMMON STOCKS -- (93.6%) AUSTRALIA -- (5.7%) * 3P Learning, Ltd. 35,638 $ 31,361 * Acrux, Ltd. 183,394 44,022 # Adacel Technologies, Ltd. 62,189 133,535 # Adelaide Brighton, Ltd. 1,271,892 5,723,493 AGL Energy, Ltd. 327,064 6,307,011 # Ainsworth Game Technology, Ltd. 286,247 553,530 * Alkane Resources, Ltd. 245,027 66,771 ALS, Ltd. 783,344 4,650,948 Altium, Ltd. 153,355 1,072,415 # Alumina, Ltd. 8,621,351 13,094,742 AMA Group, Ltd. 184,987 150,904 # Amaysim Australia, Ltd. 350,794 448,896 Amcor, Ltd. 574,332 7,050,183 # Amcor, Ltd. Sponsored ADR 29,714 1,457,769 AMP, Ltd. 7,088,749 30,559,319 Ansell, Ltd. 529,182 9,297,824 # AP Eagers, Ltd. 104,957 762,879 APA Group 1,026,927 7,084,556 # APN Outdoor Group, Ltd. 371,553 1,369,875 Appen, Ltd. 132,147 440,409 # ARB Corp., Ltd. 164,189 2,012,760 # Ardent Leisure Group 1,110,663 1,856,443 Aristocrat Leisure, Ltd. 615,636 9,983,416 #* Arrium, Ltd. 16,558,707 248,381 Asaleo Care, Ltd. 1,621,610 1,726,408 ASX, Ltd. 68,994 2,885,713 #* Atlas Iron, Ltd. 7,153,401 120,114 AUB Group, Ltd. 79,079 815,140 Aurizon Holdings, Ltd. 2,585,590 10,377,923 Ausdrill, Ltd. 1,429,709 2,225,263 AusNet Services 2,284,030 2,987,498 Austal, Ltd. 1,070,977 1,544,547 # Australia & New Zealand Banking Group, Ltd. 2,396,023 56,807,652 #* Australian Agricultural Co., Ltd. 1,588,339 2,102,435 Australian Finance Group, Ltd. 52,835 60,609 Australian Pharmaceutical Industries, Ltd. 1,154,168 1,620,542 Australian Vintage, Ltd. 112,455 37,752 Auswide Bank, Ltd. 24,392 100,528 # Automotive Holdings Group, Ltd. 1,087,772 3,332,833 Aveo Group 951,410 1,849,583 AVJennings, Ltd. 200,265 118,601 #* AWE, Ltd. 3,068,174 1,180,307 # Baby Bunting Group, Ltd. 35,595 56,796 Bank of Queensland, Ltd. 1,238,709 11,940,402 # Bapcor, Ltd. 203,972 921,497 Beach Energy, Ltd. 7,844,539 4,277,376 #* Beadell Resources, Ltd. 1,360,993 202,887 # Bega Cheese, Ltd. 119,840 658,677 # Bellamy's Australia, Ltd. 166,699 940,732 # Bendigo & Adelaide Bank, Ltd. 1,336,045 11,883,934 BHP Billiton, Ltd. 3,649,217 76,000,106 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) # BHP Billiton, Ltd. Sponsored ADR 623,528 $25,976,176 #* Billabong International, Ltd. 322,756 206,573 # Blackmores, Ltd. 33,054 2,341,548 Blue Sky Alternative Investments, Ltd. 29,051 217,747 BlueScope Steel, Ltd. 2,902,260 30,573,975 * Boart Longyear, Ltd. 549,707 23,297 Boral, Ltd. 3,508,434 19,442,599 Brambles, Ltd. 832,964 6,158,747 Breville Group, Ltd. 242,690 1,951,306 Brickworks, Ltd. 231,237 2,441,626 BT Investment Management, Ltd. 398,353 3,428,090 # Cabcharge Australia, Ltd. 441,835 770,794 Caltex Australia, Ltd. 201,033 5,009,897 # Capilano Honey, Ltd. 6,902 91,049 * Capitol Health, Ltd. 458,222 97,240 * Cardno, Ltd. 693,024 696,788 * Carnarvon Petroleum, Ltd. 856,412 51,381 carsales.com, Ltd. 693,335 6,851,309 # Cash Converters International, Ltd. 1,161,612 306,632 Cedar Woods Properties, Ltd. 47,460 186,414 Challenger, Ltd. 687,997 7,070,480 CIMIC Group, Ltd. 137,887 4,573,990 Class, Ltd. 12,971 30,895 Cleanaway Waste Management, Ltd. 6,408,685 6,688,150 * Coal of Africa, Ltd. 400,214 12,196 Coca-Cola Amatil, Ltd. 671,919 4,424,541 Cochlear, Ltd. 64,556 7,374,472 Codan, Ltd. 322,564 578,540 # Collection House, Ltd. 340,919 331,594 Collins Foods, Ltd. 415,384 1,989,822 # Commonwealth Bank of Australia 695,403 46,588,419 Computershare, Ltd. 485,815 5,466,152 #* Cooper Energy, Ltd. 1,386,650 382,735 # Corporate Travel Management, Ltd. 136,527 2,440,135 Costa Group Holdings, Ltd. 216,439 827,707 # Credit Corp. Group, Ltd. 105,454 1,428,974 Crown Resorts, Ltd. 485,320 4,942,493 # CSG, Ltd. 592,479 326,476 CSL, Ltd. 245,077 24,692,052 CSR, Ltd. 2,560,103 8,032,899 Data#3, Ltd. 157,489 223,907 Decmil Group, Ltd. 504,108 330,526 * Devine, Ltd. 109,847 32,069 Dicker Data, Ltd. 55,523 118,290 # Domino's Pizza Enterprises, Ltd. 102,174 4,355,856 # Donaco International, Ltd. 184,451 78,383 #* Doray Minerals, Ltd. 250,114 39,174 Downer EDI, Ltd. 2,427,089 12,354,066 DuluxGroup, Ltd. 1,156,710 6,099,132 DWS, Ltd. 98,023 121,795 # Eclipx Group, Ltd. 184,289 546,707 #* Elders, Ltd. 249,340 1,037,129 * Electro Optic Systems Holdings, Ltd. 12,667 29,902 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) * Ellex Medical Lasers, Ltd. 29,423 $ 25,423 * Emeco Holdings, Ltd. 1,092,630 122,381 #* Energy Resources of Australia, Ltd. 559,882 244,256 #* Energy World Corp., Ltd. 1,196,466 392,428 EQT Holdings, Ltd. 14,015 196,205 ERM Power, Ltd. 405,568 400,594 # Estia Health, Ltd. 142,582 331,193 Euroz, Ltd. 69,509 56,175 Event Hospitality and Entertainment, Ltd. 406,583 4,276,637 Evolution Mining, Ltd. 6,182,200 11,046,493 Fairfax Media, Ltd. 8,380,730 6,637,210 #* FAR, Ltd. 1,188,090 71,307 Finbar Group, Ltd. 2,330 1,566 #* Fleetwood Corp., Ltd. 162,977 345,101 # FlexiGroup, Ltd. 745,268 1,151,078 # Flight Centre Travel Group, Ltd. 192,237 6,686,503 Fortescue Metals Group, Ltd. 4,946,675 22,735,959 # G8 Education, Ltd. 1,905,612 5,774,695 #* Galaxy Resources, Ltd. 381,795 562,352 # Gateway Lifestyle 232,526 360,002 # GBST Holdings, Ltd. 56,032 147,997 Genworth Mortgage Insurance Australia, Ltd. 252,077 606,991 #* Gold Road Resources, Ltd. 319,391 165,383 GrainCorp, Ltd. Class A 891,989 6,227,919 Grange Resources, Ltd. 1,363,062 158,205 # Greencross, Ltd. 279,586 1,290,627 # GUD Holdings, Ltd. 252,366 2,412,250 GWA Group, Ltd. 877,540 2,276,396 # Hansen Technologies, Ltd. 432,555 1,318,979 # Harvey Norman Holdings, Ltd. 2,441,204 8,535,779 Healthscope, Ltd. 3,788,043 6,305,261 HFA Holdings, Ltd. 350,340 716,562 #* Highfield Resources, Ltd. 43,825 30,445 * Hills, Ltd. 701,275 109,672 * Horizon Oil, Ltd. 1,463,538 59,746 HT&E, Ltd. 1,636,620 3,403,838 * Huon Aquaculture Group, Ltd. 3,767 15,318 IDP Education, Ltd. 115,052 481,305 Iluka Resources, Ltd. 508,394 3,670,229 * Imdex, Ltd. 690,500 403,184 # IMF Bentham, Ltd. 551,216 850,936 Incitec Pivot, Ltd. 4,211,464 10,752,669 # Independence Group NL 1,973,126 4,766,638 * Infigen Energy 2,394,771 1,475,982 Infomedia, Ltd. 857,997 508,123 # Insurance Australia Group, Ltd. 855,924 4,564,977 Integral Diagnostics, Ltd. 16,778 23,361 Integrated Research, Ltd. 104,300 279,451 InvoCare, Ltd. 268,902 2,990,157 # IOOF Holdings, Ltd. 847,458 6,807,791 IRESS, Ltd. 394,741 4,075,499 # iSelect, Ltd. 452,503 756,260 # iSentia Group, Ltd. 477,192 847,185 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) IVE Group, Ltd. 87,400 $ 157,270 James Hardie Industries P.L.C. 388,289 5,945,409 James Hardie Industries P.L.C. Sponsored ADR 39,415 607,385 # Japara Healthcare, Ltd. 100,022 163,278 # JB Hi-Fi, Ltd. 369,179 7,680,079 #* Karoon Gas Australia, Ltd. 580,775 627,963 #* Kingsgate Consolidated, Ltd. 1,181,152 217,743 * Kingsrose Mining, Ltd. 94,006 2,820 LendLease Group 807,075 10,886,007 Link Administration Holdings, Ltd. 743,971 4,586,459 * Lucapa Diamond Co., Ltd. 106,787 21,351 #* Lynas Corp., Ltd. 3,457,806 373,664 MACA, Ltd. 399,326 536,633 * Macmahon Holdings, Ltd. 5,185,872 706,710 Macquarie Atlas Roads Group 859,244 3,822,020 Macquarie Group, Ltd. 602,362 41,354,215 # Magellan Financial Group, Ltd. 209,042 4,415,977 # Mantra Group, Ltd. 931,472 2,243,749 MaxiTRANS Industries, Ltd. 182,505 102,732 #* Mayne Pharma Group, Ltd. 2,394,226 1,839,472 McMillan Shakespeare, Ltd. 164,966 1,893,662 McPherson's, Ltd. 69,593 79,278 Medibank Pvt, Ltd. 2,587,315 5,630,097 #* Medusa Mining, Ltd. 1,228,341 290,931 Melbourne IT, Ltd. 274,140 626,408 #* Mesoblast, Ltd. 279,733 390,273 #* Mesoblast, Ltd. Sponsored ADR 1,592 11,080 #* Metals X, Ltd. 1,391,788 908,056 # Metcash, Ltd. 4,041,840 8,474,287 Michael Hill International, Ltd.(BD8D250) 23,523 23,427 Michael Hill International, Ltd.(BD8D249) 72,300 70,619 * Millennium Minerals, Ltd. 544,044 78,849 * Mincor Resources NL 393,519 58,206 * Mineral Deposits, Ltd. 140,169 79,576 Mineral Resources, Ltd. 855,434 8,410,996 #* MMA Offshore, Ltd. 2,337,637 327,387 MNF Group, Ltd. 24,523 91,131 Monadelphous Group, Ltd. 321,269 3,919,336 # Monash IVF Group, Ltd. 392,177 498,764 Money3 Corp., Ltd. 93,481 107,281 # Mortgage Choice, Ltd. 291,773 541,909 * Mount Gibson Iron, Ltd. 4,095,268 1,458,312 # Myer Holdings, Ltd. 3,757,138 2,281,881 # MYOB Group, Ltd. 366,498 974,660 # MyState, Ltd. 39,157 155,637 # National Australia Bank, Ltd. 1,864,442 44,695,885 Navitas, Ltd. 567,002 2,252,292 # Neometals, Ltd. 55,547 12,656 #* NetComm Wireless, Ltd. 143,498 192,053 # New Hope Corp., Ltd. 666,517 853,626 Newcrest Mining, Ltd. 1,443,828 23,460,121 #* NEXTDC, Ltd. 218,538 717,236 nib holdings, Ltd. 1,096,353 5,036,577 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) # Nick Scali, Ltd. 83,149 $ 406,188 # Nine Entertainment Co. Holdings, Ltd. 1,835,756 2,114,085 Northern Star Resources, Ltd. 1,852,057 6,561,276 * NRW Holdings, Ltd. 967,309 506,098 Nufarm, Ltd. 814,380 5,512,930 # OFX Group, Ltd. 387,122 508,260 Oil Search, Ltd. 1,466,135 7,800,725 oOh!media, Ltd. 39,758 127,955 Orica, Ltd. 1,106,242 17,586,574 * Origin Energy, Ltd. 2,685,249 14,874,902 #* Orocobre, Ltd. 40,831 104,422 Orora, Ltd. 4,786,271 10,568,358 OZ Minerals, Ltd. 1,133,734 7,576,814 Pacific Current Group, Ltd. 26,096 146,142 Pacific Smiles Group, Ltd. 104,617 150,406 Pact Group Holdings, Ltd. 350,649 1,608,005 #* Paladin Energy, Ltd. 9,039,254 339,876 * Panoramic Resources, Ltd. 1,633,779 333,436 Paragon Care, Ltd. 16,267 10,409 Peet, Ltd. 505,086 481,068 # Perpetual, Ltd. 131,811 5,323,641 #* Perseus Mining, Ltd. 3,741,068 949,549 Pioneer Credit, Ltd. 44,803 93,173 # Platinum Asset Management, Ltd. 613,091 2,682,392 PMP, Ltd. 1,768,692 1,046,473 * Praemium, Ltd. 45,331 15,421 # Premier Investments, Ltd. 340,434 3,715,777 Primary Health Care, Ltd. 2,142,073 5,804,166 Prime Media Group, Ltd. 505,830 163,997 Pro Medicus, Ltd. 36,619 152,127 Programmed Maintenance Services, Ltd. 1,050,115 2,504,476 Qantas Airways, Ltd. 3,028,350 12,870,704 QBE Insurance Group, Ltd. 1,392,041 13,187,575 # Qube Holdings, Ltd. 3,277,109 6,966,651 # Quintis, Ltd. 1,092,097 262,103 #* Ramelius Resources, Ltd. 2,048,299 658,779 Ramsay Health Care, Ltd. 82,984 4,685,796 # RCG Corp., Ltd. 194,931 142,653 * RCR Tomlinson, Ltd. 408,200 1,224,780 # REA Group, Ltd. 58,809 3,243,908 Reckon, Ltd. 122,506 147,196 # Reece, Ltd. 13,585 459,429 # Regis Healthcare, Ltd. 327,669 967,417 Regis Resources, Ltd. 1,535,654 4,732,792 # Reject Shop, Ltd. (The) 98,325 384,408 Resolute Mining, Ltd. 2,495,009 2,154,830 # Retail Food Group, Ltd. 597,351 2,315,747 Ridley Corp., Ltd. 971,690 1,111,135 Rio Tinto, Ltd. 558,189 29,425,198 Ruralco Holdings, Ltd. 5,810 14,409 RXP Services, Ltd. 16,044 11,427 * Salmat, Ltd. 68,805 21,379 Sandfire Resources NL 694,555 3,220,702 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) * Santos, Ltd. 3,015,181 $ 8,193,068 #* Saracen Mineral Holdings, Ltd. 2,555,500 2,768,034 # SeaLink Travel Group, Ltd. 73,438 248,613 Seek, Ltd. 430,711 5,889,510 # Select Harvests, Ltd. 267,097 1,047,416 #* Senex Energy, Ltd. 2,934,947 670,093 # Servcorp, Ltd. 74,909 358,616 Service Stream, Ltd. 804,940 869,982 # Seven Group Holdings, Ltd. 403,939 3,865,831 Seven West Media, Ltd. 6,104,888 3,955,298 SG Fleet Group, Ltd. 37,919 111,407 Shriro Holdings, Ltd. 6,268 5,947 Sigma Healthcare, Ltd. 3,081,350 2,367,524 #* Silex Systems, Ltd. 96,084 28,068 # Silver Chef, Ltd. 9,624 64,887 #* Silver Lake Resources, Ltd. 2,027,563 727,100 Sims Metal Management, Ltd. 681,368 8,463,634 * Sino Gas & Energy Holdings, Ltd. 858,956 58,379 # Sirtex Medical, Ltd. 139,499 1,795,256 SmartGroup Corp., Ltd. 18,268 109,427 # SMS Management & Technology, Ltd. 219,206 315,408 Sonic Healthcare, Ltd. 369,230 6,589,620 South32, Ltd. 5,725,405 13,353,664 South32, Ltd. ADR 476,677 5,553,287 Southern Cross Media Group, Ltd. 2,841,609 3,013,554 Spark Infrastructure Group 3,299,052 6,604,702 * Specialty Fashion Group, Ltd. 67,582 24,011 SpeedCast International, Ltd. 181,386 500,487 * St Barbara, Ltd. 1,466,212 3,200,912 Star Entertainment Grp, Ltd. (The) 2,580,813 10,411,206 Steadfast Group, Ltd. 1,767,042 3,660,575 Suncorp Group, Ltd. 1,325,197 15,146,546 #* Sundance Energy Australia, Ltd. 4,585,045 242,380 Sunland Group, Ltd. 359,305 514,324 # Super Retail Group, Ltd. 668,055 4,478,250 Sydney Airport 513,281 2,766,697 #* Syrah Resources, Ltd. 387,960 894,203 Tabcorp Holdings, Ltd. 2,384,289 7,966,922 Tassal Group, Ltd. 821,152 2,490,905 Tatts Group, Ltd. 2,999,701 9,599,562 Technology One, Ltd. 758,397 3,255,095 Telstra Corp., Ltd. 1,018,552 3,341,428 Telstra Corp., Ltd. ADR 35,561 581,422 #* Ten Network Holdings, Ltd. 866,749 110,944 # Thorn Group, Ltd. 523,606 553,165 * Tiger Resources, Ltd. 1,677,917 49,398 # Tox Free Solutions, Ltd. 636,473 1,217,075 # TPG Telecom, Ltd. 466,084 2,091,471 Transurban Group 840,917 7,679,689 Treasury Wine Estates, Ltd. 1,928,732 18,777,682 * Troy Resources, Ltd. 1,614,217 142,662 Villa World, Ltd. 97,765 176,065 # Village Roadshow, Ltd. 299,645 963,556 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- AUSTRALIA -- (Continued) #* Virgin Australia Holdings, Ltd. 2,917,454 $ 408,633 Virtus Health, Ltd. 375,073 1,681,501 # Vita Group, Ltd. 122,672 128,777 # Vocus Group, Ltd. 1,369,693 3,820,935 * Watpac, Ltd. 439,742 207,637 Webjet, Ltd. 199,698 1,839,386 Wesfarmers, Ltd. 512,569 16,702,355 #* Western Areas, Ltd. 758,943 1,439,335 #* Westgold Resources, Ltd. 459,626 581,392 # Westpac Banking Corp. 2,168,520 55,275,869 # Westpac Banking Corp. Sponsored ADR 258,942 6,626,326 * Whitehaven Coal, Ltd. 2,246,206 5,337,835 Woodside Petroleum, Ltd. 1,356,672 31,706,216 Woolworths, Ltd. 646,223 13,792,612 * WorleyParsons, Ltd. 920,253 8,685,134 WPP AUNZ, Ltd. 1,113,046 1,025,229 * Yowie Group, Ltd. 40,090 7,063 -------------- TOTAL AUSTRALIA 1,416,025,572 -------------- AUSTRIA -- (0.6%) Agrana Beteiligungs AG 3,841 520,571 # ANDRITZ AG 140,542 8,604,500 Atrium European Real Estate, Ltd. 295,875 1,382,967 # Austria Technologie & Systemtechnik AG 74,757 992,329 BUWOG AG 315,737 9,278,288 CA Immobilien Anlagen AG 217,234 5,606,321 # DO & CO AG 11,457 838,569 Erste Group Bank AG 523,068 21,668,021 EVN AG 71,240 1,090,712 * FACC AG 7,994 96,693 Flughafen Wien AG 7,659 301,221 # IMMOFINANZ AG 1,844,922 4,487,208 Kapsch TrafficCom AG 14,177 800,566 Lenzing AG 24,829 4,442,141 Mayr Melnhof Karton AG 17,801 2,346,289 # Oberbank AG 2,814 257,600 Oesterreichische Post AG 80,646 3,707,900 OMV AG 380,153 21,534,584 Palfinger AG 16,172 755,815 POLYTEC Holding AG 50,188 927,269 # Porr Ag 17,249 614,858 * Raiffeisen Bank International AG 536,366 15,806,537 RHI AG 55,705 2,101,893 # Rosenbauer International AG 2,516 152,262 S IMMO AG 147,192 2,202,747 * Schoeller-Bleckmann Oilfield Equipment AG 15,903 1,204,424 Semperit AG Holding 34,387 1,050,494 Strabag SE 59,136 2,624,907 Telekom Austria AG 372,888 3,371,219 Telekom Austria AG ADR 4,200 75,915 UBM Development AG 80 3,679 # UNIQA Insurance Group AG 494,770 5,122,012 Verbund AG 158,229 3,129,932 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ AUSTRIA -- (Continued) # Vienna Insurance Group AG Wiener Versicherung Gruppe 137,034 $ 4,125,134 Voestalpine AG 403,653 20,458,709 Wienerberger AG 299,889 6,893,881 Wolford AG 1,281 26,490 # Zumtobel Group AG 72,302 1,431,689 ------------ TOTAL AUSTRIA 160,036,346 ------------ BELGIUM -- (1.4%) #* Ablynx NV 40,502 613,161 Ackermans & van Haaren NV 81,854 14,798,378 Ageas 854,246 38,457,034 * AGFA-Gevaert NV 836,170 3,898,679 Anheuser-Busch InBev SA/NV 345,753 41,709,041 Anheuser-Busch InBev SA/NV Sponsored ADR 114,580 13,825,223 Atenor 43 2,454 Banque Nationale de Belgique 207 713,907 Barco NV 42,607 4,267,395 Bekaert SA 166,444 8,050,509 bpost SA 297,183 8,135,736 #* Celyad SA 10,592 352,286 * Celyad SA Sponsored ADR 600 19,326 Cie d'Entreprises CFE 29,005 4,276,149 Cie Immobiliere de Belgique SA 3,744 233,152 Colruyt SA 216,766 12,147,190 D'ieteren SA 99,768 4,726,044 Deceuninck NV 209,523 856,029 * Econocom Group SA 422,660 3,230,097 Elia System Operator SA 66,943 3,925,727 * Euronav NV 74,741 601,665 # Euronav NV 290,635 2,318,705 EVS Broadcast Equipment SA 38,200 1,550,016 # Exmar NV 118,913 698,099 #* Fagron 107,744 1,471,262 * Galapagos NV 108,604 8,628,159 Gimv NV 8,554 541,237 Ion Beam Applications 50,748 1,799,813 Jensen-Group NV 2,617 126,833 KBC Group NV 419,480 34,680,101 # Kinepolis Group NV 55,209 3,172,237 Lotus Bakeries 246 687,221 #* MDxHealth 43,083 253,001 Melexis NV 48,100 4,137,832 #* Nyrstar NV 362,877 2,356,427 Ontex Group NV 207,984 7,132,562 Orange Belgium SA 147,918 3,648,370 Picanol 2,684 336,498 Proximus SADP 370,331 13,022,602 RealDolmen 1,807 56,412 Recticel SA 171,609 1,352,798 Resilux 3,167 562,457 Roularta Media Group NV 5,234 135,469 Sapec 437 30,990 Sioen Industries NV 31,829 1,105,187 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ BELGIUM -- (Continued) Sipef SA 14,495 $ 1,066,665 Solvay SA 233,179 33,433,479 #* Telenet Group Holding NV 72,800 5,082,486 * Tessenderlo Group SA 159,527 7,003,515 * ThromboGenics NV 64,855 242,953 * TiGenix NV 29,230 31,127 UCB SA 248,946 18,128,725 Umicore SA 296,715 23,820,910 Van de Velde NV 17,931 965,638 * Viohalco SA 172,079 563,012 ------------ TOTAL BELGIUM 344,981,980 ------------ CANADA -- (8.0%) * 5N Plus, Inc. 163,492 407,828 Absolute Software Corp. 115,163 734,346 Acadian Timber Corp. 29,584 436,612 * Advantage Oil & Gas, Ltd. 937,444 6,443,870 Aecon Group, Inc. 291,623 3,522,633 * Africa Oil Corp. 30,495 47,207 # Ag Growth International, Inc. 31,376 1,408,051 # AGF Management, Ltd. Class B 404,963 2,432,864 Agnico Eagle Mines, Ltd.(2009823) 144,996 6,769,779 # Agnico Eagle Mines, Ltd.(008474108) 54,154 2,529,533 Agrium, Inc.(2213538) 87,992 8,805,199 Agrium, Inc.(008916108) 115,500 11,561,550 # AGT Food & Ingredients, Inc. 145,818 2,974,254 Aimia, Inc. 379,777 441,690 * Air Canada 194,180 3,088,502 # AirBoss of America Corp. 56,900 604,712 AKITA Drilling, Ltd. Class A 11,400 66,475 #* Alacer Gold Corp. 1,149,998 1,918,585 Alamos Gold, Inc. Class A(011532108) 371,373 2,633,034 Alamos Gold, Inc. Class A(BZ3DNP6) 952,821 6,748,277 # Alaris Royalty Corp. 139,030 2,513,524 Algoma Central Corp. 11,860 116,055 # Algonquin Power & Utilities Corp. 617,513 6,602,325 Alimentation Couche-Tard, Inc. Class B 225,059 10,672,138 * Alio Gold, Inc. 170,707 717,470 # AltaGas, Ltd. 399,904 9,308,373 Alterra Power Corp. 42,500 204,188 Altius Minerals Corp. 132,226 1,195,257 Altus Group, Ltd. 45,797 938,898 * Amaya, Inc.(BT8J595) 309,963 5,496,918 * Amaya, Inc.(02314M108) 20,162 356,867 * Americas Silver Corp. 28,758 92,036 Andrew Peller, Ltd. Class A 21,569 192,032 # ARC Resources, Ltd. 826,317 11,393,134 * Argonaut Gold, Inc. 939,142 1,649,666 #* Asanko Gold, Inc. 445,833 557,850 Atco, Ltd. Class I 101,268 3,769,679 #* Athabasca Oil Corp. 1,981,161 1,652,623 * ATS Automation Tooling Systems, Inc. 229,067 2,461,999 * AuRico Metals, Inc.(05157J108) 90,574 86,227 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) #* AuRico Metals, Inc.(BYR52G5) 315,046 $ 298,179 # AutoCanada, Inc. 135,594 2,183,860 #* Avigilon Corp. 143,806 1,635,588 * B2Gold Corp. 4,046,853 10,159,736 # Badger Daylighting, Ltd. 123,934 2,632,262 #* Ballard Power Systems, Inc. 105,705 308,615 Bank of Montreal(2076009) 285,012 21,616,791 Bank of Montreal(063671101) 661,610 50,196,351 Bank of Nova Scotia (The)(064149107) 964,105 60,073,383 Bank of Nova Scotia (The)(2076281) 262,275 16,339,200 * Banro Corp. 3,610 1,535 Barrick Gold Corp.(067901108) 384,680 6,504,939 Barrick Gold Corp.(2024644) 212,804 3,598,082 #* Baytex Energy Corp.(B4VGVM3) 996,578 2,797,692 #* Baytex Energy Corp.(07317Q105) 112,294 313,300 BCE, Inc.(B188TH2) 98,063 4,602,885 BCE, Inc.(05534B760) 18,939 888,807 #* Bellatrix Exploration, Ltd. 234,033 585,670 Birchcliff Energy, Ltd. 802,818 3,927,965 # Bird Construction, Inc. 197,903 1,344,486 # Black Diamond Group, Ltd. 158,153 337,427 * BlackBerry, Ltd.(09228F103) 784,619 7,359,726 * BlackBerry, Ltd.(BCBHZ31) 46,355 434,642 * BlackPearl Resources, Inc. 1,758,618 1,396,456 BMTC Group, Inc. 1,600 15,079 #* Bombardier, Inc. Class A 288,590 590,258 #* Bombardier, Inc. Class B 2,651,100 5,337,286 Bonavista Energy Corp. 1,124,338 2,822,681 Bonterra Energy Corp. 144,654 1,949,218 Boralex, Inc. Class A 286,276 5,113,589 Brookfield Asset Management, Inc. Class A(112585104) 25,798 1,003,284 Brookfield Asset Management, Inc. Class A(2092599) 207,097 8,054,649 Brookfield Real Estate Services, Inc. 4,000 53,996 BRP, Inc. 111,940 3,586,928 * BSM Technologies, Inc. 9,300 11,114 CAE, Inc.(2162760) 236,115 4,001,692 CAE, Inc.(124765108) 139,898 2,374,069 Caledonia Mining Corp. P.L.C. 1,660 10,718 #* Calfrac Well Services, Ltd. 498,163 1,350,544 Calian Group, Ltd. 8,077 181,267 # Callidus Capital Corp. 62,549 762,077 Cameco Corp.(13321L108) 353,056 3,618,824 # Cameco Corp.(2166160) 669,155 6,853,908 Canaccord Genuity Group, Inc. 642,119 3,229,263 #* Canacol Energy, Ltd. 575,926 2,074,120 Canadian Imperial Bank of Commerce(2170525) 95,310 8,273,069 Canadian Imperial Bank of Commerce(136069101) 363,439 31,561,043 Canadian National Railway Co.(2180632) 105,500 8,336,764 Canadian National Railway Co.(136375102) 80,712 6,377,862 # Canadian Natural Resources, Ltd.(136385101) 499,730 15,291,738 Canadian Natural Resources, Ltd.(2171573) 178,126 5,447,720 Canadian Pacific Railway, Ltd.(2793115) 50,372 7,886,193 Canadian Pacific Railway, Ltd.(13645T100) 1,271 198,746 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) # Canadian Tire Corp., Ltd. Class A 110,915 $12,660,368 Canadian Utilities, Ltd. Class A 67,064 2,128,512 # Canadian Western Bank 513,858 11,540,424 * Canfor Corp. 424,130 7,116,743 Canfor Pulp Products, Inc. 157,360 1,490,613 # CanWel Building Materials Group, Ltd. 146,050 720,439 Capital Power Corp. 233,369 4,606,546 * Capstone Mining Corp. 2,120,114 2,040,615 Cara Operations, Ltd. 7,700 144,829 # Cardinal Energy, Ltd. 36,383 135,697 # Cargojet, Inc. 7,533 291,894 Cascades, Inc. 309,943 3,820,994 CCL Industries, Inc. Class B 206,500 9,899,743 * Celestica, Inc.(2263362) 111,194 1,321,753 * Celestica, Inc.(15101Q108) 390,560 4,643,758 # Cenovus Energy, Inc.(B57FG04) 132,772 1,114,997 Cenovus Energy, Inc.(15135U109) 901,966 7,585,534 Centerra Gold, Inc. 946,518 5,048,602 #* Cequence Energy, Ltd. 872,690 122,495 # Cervus Equipment Corp. 30,171 295,963 CES Energy Solutions Corp. 362,220 1,850,685 * CGI Group, Inc. Class A(2159740) 127,986 6,757,825 * CGI Group, Inc. Class A(39945C109) 60,019 3,169,603 # Chesswood Group, Ltd. 17,000 184,488 * China Gold International Resources Corp., Ltd. 951,096 1,449,434 #* Chinook Energy, Inc. 102,170 27,043 # CI Financial Corp. 394,140 8,586,198 # Cineplex, Inc. 207,799 8,195,289 Clairvest Group, Inc. 516 14,421 # Clarke, Inc. 2,300 20,846 Clearwater Seafoods, Inc. 50,680 452,838 Cogeco Communications, Inc. 136,863 9,561,474 Cogeco, Inc. 40,982 2,510,692 #* Colabor Group, Inc. 14,200 9,453 Colliers International Group, Inc.(194693107) 57,086 3,074,081 Colliers International Group, Inc.(BYL7SB4) 13,106 705,890 # Computer Modelling Group, Ltd. 245,827 1,867,240 # Cona Resources, Ltd. 158,686 388,203 # Concordia International Corp. 41,720 59,660 Constellation Software, Inc. 20,424 11,002,831 #* Continental Gold, Inc. 412,817 1,122,478 #* Copper Mountain Mining Corp. 540,415 433,459 Corby Spirit and Wine, Ltd. 25,385 447,941 * Corridor Resources, Inc. 12,500 5,615 Corus Entertainment, Inc. Class B 397,742 4,415,279 Cott Corp.(22163N106) 538,388 8,366,550 # Cott Corp.(2228952) 183,186 2,843,111 # Crescent Point Energy Corp.(B67C8W8) 185,017 1,454,313 Crescent Point Energy Corp.(22576C101) 501,959 3,940,377 * Crew Energy, Inc. 854,533 2,782,758 * CRH Medical Corp. 213,875 701,623 #* Dalradian Resources, Inc. 59,800 74,345 #* Delphi Energy Corp. 980,403 967,231 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) #* Denison Mines Corp. 2,673,177 $ 1,393,676 * Descartes Systems Group, Inc. (The)(2141941) 67,229 1,686,724 * Descartes Systems Group, Inc. (The)(249906108) 8,468 212,547 * Detour Gold Corp. 598,269 7,524,249 DHX Media, Ltd.(BRF12N3) 173,638 903,879 # DHX Media, Ltd.(BRF12P5) 25,400 132,424 #* DIRTT Environmental Solutions 76,732 365,581 Dollarama, Inc. 84,324 8,242,684 # Dominion Diamond Corp.(257287102) 212,839 2,996,773 Dominion Diamond Corp.(B95LX89) 146,511 2,061,201 Dorel Industries, Inc. Class B 139,564 3,687,378 * Dundee Precious Metals, Inc. 624,567 1,317,514 E-L Financial Corp., Ltd. 88 59,431 #* Eastmain Resources, Inc. 103,500 27,395 #* Echelon Financial Holdings, Inc. 900 9,947 ECN Capital Corp. 500,968 1,591,204 Eldorado Gold Corp.(284902103) 214,595 454,941 Eldorado Gold Corp.(2307873) 2,435,284 5,156,727 Element Fleet Management Corp. 1,022,236 7,740,050 # Emera, Inc. 40,782 1,517,774 Empire Co., Ltd. Class A 720,454 11,707,558 # Enbridge Income Fund Holdings, Inc. 355,781 9,143,151 Enbridge, Inc.(2466149) 112,656 4,669,791 # Enbridge, Inc.(29250N105) 317,802 13,176,071 Encana Corp.(2793193) 136,200 1,371,013 # Encana Corp.(292505104) 926,267 9,318,246 #* Endeavour Mining Corp. 275,273 5,241,616 #* Endeavour Silver Corp. 192,213 582,767 Enercare, Inc. 349,899 5,876,788 Enerflex, Ltd. 347,114 4,799,876 #* Energy Fuels, Inc. 201,013 357,930 Enerplus Corp.(292766102) 681,293 6,145,263 Enerplus Corp.(B584T89) 358,895 3,238,475 Enghouse Systems, Ltd. 61,592 2,639,551 Ensign Energy Services, Inc. 592,678 3,170,774 #* Epsilon Energy, Ltd. 161,419 408,484 # Equitable Group, Inc. 50,345 2,212,071 * Equity Financial Holdings, Inc. 100 630 #* Essential Energy Services Trust 790,850 380,598 Evertz Technologies, Ltd. 85,126 1,211,940 # Exchange Income Corp. 102,091 2,361,584 Exco Technologies, Ltd. 128,452 1,141,567 * EXFO, Inc. 198 815 # Extendicare, Inc. 295,197 2,246,978 Fairfax Financial Holdings, Ltd. 35,014 16,696,349 Fiera Capital Corp. 90,131 1,041,016 Finning International, Inc. 547,094 11,009,896 # Firm Capital Mortgage Investment Corp. 93,102 1,011,856 First Capital Realty, Inc. 182,864 2,992,120 #* First Majestic Silver Corp.(2833583) 82,258 676,934 #* First Majestic Silver Corp.(32076V103) 127,578 1,049,967 # First National Financial Corp. 47,935 961,199 First Quantum Minerals, Ltd. 1,516,290 16,759,156 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) FirstService Corp.(33767E103) 64,694 $ 4,168,881 FirstService Corp.(BYL7ZF7) 13,106 844,650 * Fission Uranium Corp. 71,500 40,144 Fortis, Inc. 206,728 7,537,882 * Fortress Paper, Ltd. Class A 14,264 69,618 * Fortuna Silver Mines, Inc. 473,116 2,364,157 Franco-Nevada Corp. 36,170 2,620,878 # Freehold Royalties, Ltd. 297,293 3,390,821 * Frontera Energy Corp. 4,100 114,244 # Gamehost, Inc. 47,580 354,155 * Gear Energy, Ltd. 20,000 12,192 # Genworth MI Canada, Inc. 244,848 7,142,668 George Weston, Ltd. 81,255 7,096,737 Gibson Energy, Inc. 260,008 3,384,744 Gildan Activewear, Inc.(375916103) 85,280 2,569,486 Gildan Activewear, Inc.(2254645) 163,400 4,923,953 * Glacier Media, Inc. 28,375 14,111 Gluskin Sheff + Associates, Inc. 140,999 1,919,192 * GMP Capital, Inc. 195,523 470,478 goeasy, Ltd. 23,800 533,173 Goldcorp, Inc.(380956409) 1,019,806 13,390,053 Goldcorp, Inc.(2676302) 283,367 3,720,648 #* Golden Star Resources, Ltd. 926,414 631,604 #* Gran Tierra Energy, Inc.(38500T101) 49,235 116,195 * Gran Tierra Energy, Inc.(B2PPCS5) 1,735,822 4,079,373 # Granite Oil Corp. 161,425 599,476 * Great Canadian Gaming Corp. 166,941 3,248,437 #* Great Panther Silver, Ltd. 98,337 127,777 Great-West Lifeco, Inc. 182,400 5,205,368 * Guyana Goldfields, Inc. 411,400 1,587,194 * Heroux-Devtek, Inc. 95,070 1,011,894 High Liner Foods, Inc. 111,190 1,511,667 #* HNZ Group, Inc. 6,940 78,933 # Home Capital Group, Inc. 310,020 3,431,543 # Horizon North Logistics, Inc. 478,515 506,629 HudBay Minerals, Inc.(B05BQ98) 59,151 461,378 HudBay Minerals, Inc.(B05BDX1) 1,262,889 9,805,306 # Hudson's Bay Co. 249,611 2,136,234 * Husky Energy, Inc. 555,684 6,431,538 Hydro One, Ltd. 159,744 2,864,950 * IAMGOLD Corp.(450913108) 208,317 1,124,912 * IAMGOLD Corp.(2446646) 1,952,769 10,541,115 * IBI Group, Inc. 2,100 11,167 IGM Financial, Inc. 83,880 2,823,024 #* Imperial Metals Corp. 117,619 360,381 Imperial Oil, Ltd.(2454241) 36,503 1,047,586 Imperial Oil, Ltd.(453038408) 214,689 6,148,693 Imvescor Restaurant Group, Inc. 11,200 30,993 * Indigo Books & Music, Inc. 5,523 68,885 Industrial Alliance Insurance & Financial Services, Inc. 335,463 15,563,008 Information Services Corp. 3,900 58,527 Innergex Renewable Energy, Inc. 341,186 4,003,650 Intact Financial Corp. 53,112 4,125,845 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) Inter Pipeline, Ltd. 271,748 $ 5,366,301 * Interfor Corp. 346,068 5,387,752 Intertape Polymer Group, Inc. 197,534 3,807,293 * Ivanhoe Mines, Ltd. Class A 1,407,151 5,552,984 Jean Coutu Group PJC, Inc. (The) Class A 187,128 3,118,925 Just Energy Group, Inc.(B693818) 6,432 34,411 Just Energy Group, Inc.(B63MCN1) 293,294 1,573,801 # K-Bro Linen, Inc. 21,207 684,645 * Kelt Exploration, Ltd. 622,803 3,341,931 Keyera Corp. 274,804 8,587,418 * Kinaxis, Inc. 10,592 681,269 * Kingsway Financial Services, Inc. 14,675 89,457 * Kinross Gold Corp.(496902404) 52,598 216,704 * Kinross Gold Corp.(B03Z841) 5,795,741 23,894,212 Kirkland Lake Gold, Ltd. 676,924 7,014,925 #* Klondex Mines, Ltd. 763,398 2,430,872 * Knight Therapeutics, Inc. 447,545 3,406,619 KP Tissue, Inc. 900 10,135 # Labrador Iron Ore Royalty Corp. 219,846 3,036,493 Lassonde Industries, Inc. Class A 100 19,234 Laurentian Bank of Canada 200,075 8,693,052 Leon's Furniture, Ltd. 57,194 827,575 #* Liberty Gold Corp. 19,500 7,273 Linamar Corp. 257,290 14,101,164 # Liquor Stores N.A., Ltd. 178,360 1,432,030 Loblaw Cos., Ltd. 99,529 5,420,489 # Lucara Diamond Corp. 1,004,771 2,159,845 #* Lundin Gold, Inc. 14,800 54,725 Lundin Mining Corp. 3,092,673 22,250,874 # MacDonald Dettwiler & Associates, Ltd. 173,045 9,814,327 Magellan Aerospace Corp. 82,988 1,325,279 Magna International, Inc.(2554475) 310,950 14,829,827 Magna International, Inc.(559222401) 302,631 14,432,472 #* Mainstreet Equity Corp. 17,882 537,715 Mainstreet Health Investments, Inc. 8,000 73,600 * Major Drilling Group International, Inc. 342,826 2,265,800 Mandalay Resources Corp. 1,186,080 371,022 * Manitok Energy, Inc. 18,093 1,234 Manulife Financial Corp.(56501R106) 1,158,173 23,881,527 Manulife Financial Corp.(2492519) 537,959 11,080,639 Maple Leaf Foods, Inc. 299,943 8,290,384 Martinrea International, Inc. 453,560 3,663,404 * Maxim Power Corp. 24,537 53,138 # Mediagrif Interactive Technologies, Inc. 1,100 13,199 # Medical Facilities Corp. 159,934 1,672,781 #* MEG Energy Corp. 906,875 3,724,243 Melcor Developments, Ltd. 2,962 34,092 Methanex Corp.(2654416) 123,400 5,471,467 Methanex Corp.(59151K108) 99,251 4,396,819 Metro, Inc. 429,261 14,539,957 #* Midas Gold Corp. 77,803 47,428 #* Mitel Networks Corp. 487,182 4,149,885 Morguard Corp. 1,045 144,184 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) Morneau Shepell, Inc. 198,640 $ 3,293,274 MTY Food Group, Inc. 43,123 1,627,727 Mullen Group, Ltd. 391,958 5,017,565 National Bank of Canada 689,665 31,060,509 Nevsun Resources, Ltd. 1,171,471 3,166,519 New Flyer Industries, Inc. 139,624 5,692,471 * New Gold, Inc. 2,026,556 6,778,214 #* Newalta Corp. 369,521 376,412 Norbord, Inc.(65548P403) 2,770 98,224 Norbord, Inc.(2641441) 89,592 3,179,821 North American Energy Partners, Inc.(B1HTYS2) 26,876 113,173 North American Energy Partners, Inc.(656844107) 6,310 26,817 North West Co., Inc. (The) 157,159 3,849,718 #* Northern Dynasty Minerals, Ltd. 47,400 67,293 # Northland Power, Inc. 282,933 5,269,464 * Novelion Therapeutics, Inc. 11,936 108,019 * NuVista Energy, Ltd. 901,179 4,618,836 * Obsidian Energy, Ltd.(674482104) 156,120 184,222 #* Obsidian Energy, Ltd.(BDHLTZ4) 2,230,347 2,629,725 OceanaGold Corp. 2,908,202 7,954,256 Onex Corp. 81,487 6,530,071 Open Text Corp. 190,000 6,354,923 * Orbite Technologies, Inc. 174,500 24,676 # Osisko Gold Royalties, Ltd. 459,056 5,894,915 #* Painted Pony Energy, Ltd. 482,928 1,762,440 Pan American Silver Corp.(2669272) 236,703 3,986,982 Pan American Silver Corp.(697900108) 485,068 8,173,396 #* Paramount Resources, Ltd. Class A 272,891 4,373,257 * Parex Resources, Inc. 232,714 2,863,311 # Parkland Fuel Corp. 150,311 3,225,040 Pason Systems, Inc. 125,633 1,833,985 Pembina Pipeline Corp.(B4PPQG5) 72,307 2,465,669 Pembina Pipeline Corp.(B4PT2P8) 86,287 2,940,715 #* Pengrowth Energy Corp. 3,333,460 2,513,296 #* Perpetual Energy, Inc. 36,559 43,105 # Peyto Exploration & Development Corp. 179,448 3,189,543 * PHX Energy Services Corp. 104,742 173,065 #* Pine Cliff Energy, Ltd. 252,200 139,577 # Pizza Pizza Royalty Corp. 96,691 1,300,588 #* Platinum Group Metals, Ltd. 31,563 23,038 * Point Loma Resources, Ltd. 1,065 312 * Points International, Ltd. 6,420 52,781 Polaris Infrastructure, Inc. 1,300 17,736 #* Polaris Materials Corp. 7,200 5,428 Potash Corp. of Saskatchewan, Inc. 645,291 11,550,709 # PrairieSky Royalty, Ltd. 103,599 2,572,629 * Precision Drilling Corp.(74022D308) 455,094 1,328,874 * Precision Drilling Corp.(B5YPLH9) 1,023,451 2,971,640 * Premier Gold Mines, Ltd. 313,714 853,010 Premium Brands Holdings Corp. 84,554 6,105,792 #* Pretium Resources, Inc. 254,124 2,441,873 * Primero Mining Corp.(74164W106) 81,988 29,762 #* Primero Mining Corp.(B4Z8FV2) 655,411 236,563 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) #* Pulse Seismic, Inc. 120,926 $ 248,302 Pure Technologies, Ltd. 23,298 93,996 Quarterhill, Inc. 521,172 748,264 Quebecor, Inc. Class B 126,719 4,391,841 #* Questerre Energy Corp. Class A 81,025 48,092 * Raging River Exploration, Inc. 472,904 3,030,682 Reitmans Canada, Ltd. Class A 163,108 597,877 Restaurant Brands International, Inc. 67,175 4,002,213 Richelieu Hardware, Ltd. 112,714 2,940,916 * Richmont Mines, Inc. 162,101 1,350,896 Ritchie Bros Auctioneers, Inc.(2345390) 60,100 1,696,828 Ritchie Bros Auctioneers, Inc.(767744105) 36,635 1,034,206 #* RMP Energy, Inc. 559,325 269,176 Rocky Mountain Dealerships, Inc. 58,270 471,582 Rogers Communications, Inc. Class B(2169051) 36,400 1,892,771 Rogers Communications, Inc. Class B(775109200) 71,767 3,731,884 # Rogers Sugar, Inc. 569,424 2,927,618 Royal Bank of Canada(2754383) 304,065 22,683,847 Royal Bank of Canada(780087102) 699,021 52,119,006 #* Royal Nickel Corp. 170,500 25,984 # Russel Metals, Inc. 259,212 5,185,280 #* Sabina Gold & Silver Corp. 786,798 1,426,239 #* Sandstorm Gold, Ltd. 599,016 2,469,575 Sandvine Corp. 587,982 2,065,660 Saputo, Inc. 179,384 6,080,423 Savaria Corp. 17,400 207,949 # Secure Energy Services, Inc. 627,108 4,738,205 * SEMAFO, Inc. 1,239,648 2,992,854 * Seven Generations Energy, Ltd. Class A 113,559 1,973,791 Shaw Communications, Inc. Class B(2801836) 77,249 1,720,018 Shaw Communications, Inc. Class B(82028K200) 260,661 5,804,920 ShawCor, Ltd. 123,989 2,778,627 #* Sherritt International Corp. 1,824,664 1,258,641 # Sienna Senior Living, Inc. 134,207 1,850,426 #* Sierra Wireless, Inc.(2418968) 49,826 1,467,104 #* Sierra Wireless, Inc.(826516106) 76,118 2,245,481 #* Silver Standard Resources, Inc.(82823L106) 80,061 778,994 * Silver Standard Resources, Inc.(2218458) 402,633 3,914,109 Sleep Country Canada Holdings, Inc. 23,300 708,858 SNC-Lavalin Group, Inc. 207,750 9,149,832 * Solium Capital, Inc. 18,806 146,164 * Southern Pacific Resource Corp. 665,787 67 #* Spartan Energy Corp. 414,661 2,125,271 #* Spin Master Corp. 18,200 557,934 #* Sprott Resource Holdings, Inc. 88,986 11,063 # Sprott, Inc. 819,070 1,504,448 # Stantec, Inc.(2854238) 112,330 2,857,917 Stantec, Inc.(85472N109) 62,848 1,602,624 Stella-Jones, Inc. 123,309 4,315,197 #* Stornoway Diamond Corp. 939,568 595,355 * Strad Energy Services, Ltd. 1,000 1,115 #* Street Capital Group, Inc. 32,800 29,992 Stuart Olson, Inc. 77,201 329,424 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) # Student Transportation, Inc. 287,331 $ 1,691,606 Sun Life Financial, Inc.(2566124) 303,126 11,616,892 Sun Life Financial, Inc.(866796105) 329,718 12,638,091 Suncor Energy, Inc.(867224107) 938,237 30,605,291 Suncor Energy, Inc.(B3NB1P2) 804,361 26,238,925 * SunOpta, Inc.(8676EP108) 116,573 1,107,443 #* SunOpta, Inc.(2817510) 115,193 1,099,496 # Superior Plus Corp. 628,430 5,509,316 # Surge Energy, Inc. 1,152,483 2,005,926 Tahoe Resources, Inc.(873868103) 617,617 3,378,365 Tahoe Resources, Inc.(B5B9KV1) 264,432 1,446,502 * Tamarack Valley Energy, Ltd. 186,438 349,922 * Taseko Mines, Ltd. 603,089 899,736 # Teck Resources, Ltd. Class A 5,209 116,610 # Teck Resources, Ltd. Class B(878742204) 1,308,239 28,375,704 Teck Resources, Ltd. Class B(2879327) 209,473 4,546,492 TELUS Corp. 87,440 3,158,150 #* Tembec, Inc. 169,810 618,358 #* Teranga Gold Corp. 373,677 956,109 TFI International, Inc. 486,299 11,432,463 #* Theratechnologies, Inc. 109,700 686,312 Thomson Reuters Corp. 154,878 7,093,269 #* TMAC Resources, Inc. 4,400 38,292 TMX Group, Ltd. 111,184 5,894,736 # TORC Oil & Gas, Ltd. 669,092 3,010,713 * Torex Gold Resources, Inc. 391,920 7,145,251 Toromont Industries, Ltd. 192,807 7,158,641 Toronto-Dominion Bank (The)(891160509) 473,365 24,397,232 Toronto-Dominion Bank (The)(2897222) 680,144 35,061,444 Torstar Corp. Class B 361,870 423,766 Total Energy Services, Inc. 221,194 2,146,737 * Tourmaline Oil Corp. 473,007 10,490,189 TransAlta Corp.(89346D107) 421,210 2,758,925 TransAlta Corp.(2901628) 701,716 4,575,858 # TransAlta Renewables, Inc. 259,519 3,043,247 TransCanada Corp.(2665184) 226,909 11,593,426 TransCanada Corp.(89353D107) 93,059 4,757,176 Transcontinental, Inc. Class A 345,397 7,042,303 * TransGlobe Energy Corp.(893662106) 30,106 40,643 * TransGlobe Energy Corp.(2470548) 334,147 455,625 #* Trevali Mining Corp. 1,714,968 1,774,461 #* Trican Well Service, Ltd. 1,358,799 3,978,035 Tricon Capital Group, Inc. 45,500 383,196 #* Trilogy Energy Corp. 212,988 903,715 * Trinidad Drilling, Ltd. 1,363,719 1,957,936 #* Trisura Group, Ltd.(89679A100) 59 1,224 * Trisura Group, Ltd.(BDTMYK5) 1,218 25,102 * Turquoise Hill Resources, Ltd.(900435108) 263,904 868,244 * Turquoise Hill Resources, Ltd.(B7WJ1F5) 1,328,604 4,369,181 * TVA Group, Inc. Class B 4,447 12,092 Uni-Select, Inc. 200,208 4,672,992 #* UrtheCast Corp. 13,600 12,217 #* Valeant Pharmaceuticals International, Inc.(B3XSX46) 41,511 683,887 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- CANADA -- (Continued) * Valeant Pharmaceuticals International, Inc.(91911K102) 991,946 $ 16,327,431 # Valener, Inc. 112,084 1,938,264 Veresen, Inc. 917,385 13,399,303 # Vermilion Energy, Inc.(B607XS1) 38,761 1,276,540 Vermilion Energy, Inc.(923725105) 71,426 2,354,201 Wajax Corp. 92,258 1,735,272 Waste Connections, Inc.(94106B101) 16,719 1,086,431 Waste Connections, Inc.(BYQFRK5) 112,428 7,307,033 #* Wesdome Gold Mines, Ltd. 108,651 214,383 West Fraser Timber Co., Ltd. 278,725 14,810,933 #* Western Energy Services Corp. 420,557 485,745 Western Forest Products, Inc. 2,031,193 4,040,392 WestJet Airlines, Ltd. 37,767 752,765 Westshore Terminals Investment Corp. 200,966 3,804,129 Wheaton Precious Metals Corp.(962879102) 313,859 6,374,476 Wheaton Precious Metals Corp.(BF13KN5) 215,787 4,375,452 Whitecap Resources, Inc. 1,451,066 10,719,326 Winpak, Ltd. 78,915 3,388,265 WSP Global, Inc. 231,649 9,403,454 * Xtreme Drilling Corp. 122,058 195,802 Yamana Gold, Inc.(98462Y100) 135,431 352,121 Yamana Gold, Inc.(2219279) 2,479,689 6,463,998 * Yangarra Resources, Ltd. 44,300 120,455 #* Yellow Pages, Ltd. 68,431 358,964 ZCL Composites, Inc. 58,696 625,212 -------------- TOTAL CANADA 1,994,206,745 -------------- CHINA -- (0.0%) BEP International Holdings, Ltd. 5,290,000 139,260 * HongDa Financial Holding, Ltd. 1,590,000 44,958 K Wah International Holdings, Ltd. 381,410 229,216 * KuangChi Science, Ltd. 886,000 310,620 Lisi Group Holdings, Ltd. 2,966,000 235,219 * Petro-King Oilfield Services, Ltd. 30,016 1,210 -------------- TOTAL CHINA 960,483 -------------- DENMARK -- (1.8%) # ALK-Abello A.S. 17,066 2,689,842 Alm Brand A.S. 394,963 3,959,415 Ambu A.S. Class B 74,280 4,836,719 AP Moller - Maersk A.S. Class A 2,843 5,937,680 AP Moller - Maersk A.S. Class B 4,923 10,746,116 * Bang & Olufsen A.S. 182,179 3,187,626 #* Bavarian Nordic A.S. 76,410 5,001,855 Brodrene Hartmann A.S. 7,101 434,981 Carlsberg A.S. Class B 166,984 18,551,774 Chr Hansen Holding A.S. 210,010 16,912,387 Coloplast A.S. Class B 39,319 3,377,843 # Columbus A.S. 167,300 361,774 #* D/S Norden A.S. 142,903 2,834,933 Danske Bank A.S. 505,287 20,462,949 DFDS A.S. 141,423 8,066,023 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ DENMARK -- (Continued) Djurslands Bank A.S. 1,040 $ 42,460 DSV A.S. 470,416 30,372,737 # FLSmidth & Co. A.S. 194,442 11,900,700 Fluegger A.S. Class B 350 20,901 * Genmab A.S. 32,629 7,415,317 # GN Store Nord A.S. 430,143 13,083,293 Gronlandsbanken A.S. 33 3,287 # H Lundbeck A.S. 156,495 9,383,716 * H+H International A.S. Class B 63,959 1,093,597 Harboes Bryggeri A.S. Class B 2,462 46,626 IC Group A.S. 32,528 743,514 ISS A.S. 376,469 15,433,279 * Jeudan A.S. 2,094 234,070 Jyske Bank A.S. 270,443 16,950,377 Matas A.S. 56,850 877,337 * NKT A.S. 114,553 10,062,855 NNIT A.S. 19,446 622,029 Nordjyske Bank A.S. 7,674 146,652 # Novo Nordisk A.S. Class B 600,030 25,518,925 Novo Nordisk A.S. Sponsored ADR 595,283 25,239,999 # Novozymes A.S. Class B 304,991 14,083,094 # Pandora A.S. 170,740 19,650,223 Parken Sport & Entertainment A.S. 5,510 76,027 Per Aarsleff Holding A.S. 75,903 1,893,275 Ringkjoebing Landbobank A.S. 62,270 3,278,387 Rockwool International A.S. Class A 55 11,854 Rockwool International A.S. Class B 27,687 6,300,942 Royal Unibrew A.S. 137,006 6,826,564 RTX A.S. 32,169 830,024 * Santa Fe Group A.S. 72,761 659,340 Schouw & Co. AB 68,985 7,575,120 SimCorp A.S. 119,132 7,449,089 Solar A.S. Class B 22,907 1,364,189 Spar Nord Bank A.S. 210,685 2,831,557 Sydbank A.S. 302,418 12,597,552 TDC A.S. 3,007,807 18,559,833 # Tivoli A.S. 1,030 99,364 * TK Development A.S. 344,861 586,969 * Topdanmark A.S. 264,350 9,032,504 # Tryg A.S. 378,637 8,531,559 United International Enterprises 3,262 687,425 Vestas Wind Systems A.S. 303,349 29,646,866 #* Vestjysk Bank A.S. 41,424 80,944 * William Demant Holding A.S. 340,622 9,049,972 #* Zealand Pharma A.S. 24,138 480,402 ------------ TOTAL DENMARK 438,736,663 ------------ FINLAND -- (1.6%) Afarak Group Oyj 18,424 17,255 Ahlstrom-Munksjo Oyj 44,858 925,313 Aktia Bank Oyj 6,836 74,439 Alandsbanken Abp Class B 1,250 21,291 Alma Media Oyj 25,653 196,736 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- FINLAND -- (Continued) Amer Sports Oyj 419,560 $11,269,850 Apetit Oyj 1,800 29,628 Aspo Oyj 21,245 226,795 Atria Oyj 43,619 583,419 * BasWare Oyj 6,855 326,312 # Bittium Oyj 33,354 293,892 Cargotec Oyj Class B 155,090 9,468,645 #* Caverion Corp. 256,744 2,147,949 Citycon Oyj 1,124,788 3,060,971 Cramo Oyj 147,762 4,238,974 Digia Oyj 14,070 46,460 Elisa Oyj 251,858 10,368,206 F-Secure Oyj 184,717 839,213 Finnair Oyj 275,357 2,979,207 Fiskars Oyj Abp 68,136 1,711,654 Fortum Oyj 711,179 11,629,285 HKScan Oyj Class A 158,175 565,260 # Huhtamaki Oyj 512,253 19,850,196 Ilkka-Yhtyma Oyj 29,672 113,295 Kemira Oyj 472,736 5,958,696 Kesko Oyj Class A 5,334 270,589 Kesko Oyj Class B 220,147 11,131,527 Kone Oyj Class B 185,860 9,680,952 Konecranes Oyj 192,877 8,605,396 Lassila & Tikanoja Oyj 129,336 2,947,524 Lemminkainen Oyj 25,103 752,484 # Metsa Board Oyj 660,036 4,668,856 Metso Oyj 561,683 17,869,239 Neste Oyj 398,491 17,276,188 Nokia Oyj(5902941) 2,578,097 16,451,308 Nokia Oyj(5946455) 1,186,596 7,585,462 Nokia Oyj Sponsored ADR 714,429 4,565,200 Nokian Renkaat Oyj 503,130 20,514,770 Olvi Oyj Class A 24,798 872,002 Oriola Oyj Class A 1,000 4,461 Oriola Oyj Class B 348,563 1,495,051 Orion Oyj Class A 33,875 1,717,934 Orion Oyj Class B 164,975 8,337,959 Outokumpu Oyj 1,255,910 10,553,592 #* Outotec Oyj 535,841 3,495,130 Pihlajalinna Oyj 2,765 55,748 Ponsse Oy 49,111 1,424,881 * Poyry Oyj 26,849 153,664 * QT Group Oyj 12,507 100,702 Raisio Oyj Class V 410,502 1,719,254 Ramirent Oyj 446,307 4,448,778 Rapala VMC Oyj 14,912 70,100 Revenio Group Oyj 7,358 322,007 Sampo Oyj Class A 480,511 26,279,903 Sanoma Oyj 465,469 4,323,586 * Stockmann Oyj Abp Class A 8,998 77,941 #* Stockmann Oyj Abp Class B 134,150 1,161,464 Stora Enso Oyj Class R 2,075,858 27,753,863 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ FINLAND -- (Continued) Stora Enso Oyj Sponsored ADR 57,313 $ 766,275 * Talvivaara Mining Co. P.L.C. 676,382 4,564 Technopolis Oyj 407,212 1,764,373 Teleste Oyj 17,088 162,762 Tieto Oyj 254,255 8,065,996 # Tikkurila Oyj 121,773 2,597,135 UPM-Kymmene Oyj 1,573,268 42,829,223 # Uponor Oyj 147,152 2,376,005 Vaisala Oyj Class A 16,416 789,499 Valmet Oyj 601,215 10,959,238 Wartsila Oyj Abp 311,496 20,701,451 # YIT Oyj 491,144 4,170,841 ------------ TOTAL FINLAND 398,817,818 ------------ FRANCE -- (7.0%) ABC Arbitrage 131,264 951,502 Accor SA 178,753 8,303,737 # Actia Group 49,902 523,660 Aeroports de Paris 27,290 4,618,417 * Air France-KLM 713,736 9,663,970 Air Liquide SA 181,317 22,231,913 Airbus SE 147,121 12,292,928 Akka Technologies 26,725 1,459,707 Albioma SA 69,254 1,627,291 # Alstom SA 344,050 12,325,977 Altamir 37,341 743,090 Alten SA 108,540 9,370,586 Altran Technologies SA 621,348 10,925,412 Amundi SA 67,288 5,204,197 * Antalis International SAS 43,462 98,785 April SA 24,454 376,310 #* Archos 86,942 69,942 Arkema SA 288,018 32,786,638 Assystem 38,461 1,475,270 Atos SE 224,779 34,174,408 Aubay 31,497 1,144,750 AXA SA 1,232,309 36,394,367 AXA SA Sponsored ADR 404,668 11,925,566 Axway Software SA 20,458 587,564 Bastide le Confort Medical 5,289 247,234 Beneteau SA 86,682 1,488,130 * Bigben Interactive 36,683 420,841 BioMerieux 28,918 6,372,180 BNP Paribas SA 1,100,687 85,298,458 Boiron SA 20,170 1,889,485 Bollore SA 1,780,826 8,262,378 Bonduelle SCA 60,324 2,317,929 # Bourbon Corp. 30,117 280,707 Bouygues SA 532,841 22,845,082 Bureau Veritas SA 275,167 6,269,578 Burelle SA 125 176,905 Capgemini SE 169,201 18,420,820 Carrefour SA 1,291,739 31,027,758 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- FRANCE -- (Continued) Casino Guichard Perrachon SA 223,183 $13,612,192 Catering International Services 1,341 30,956 #* Cegedim SA 6,183 235,974 #* CGG SA 72,034 318,117 #* CGG SA Sponsored ADR 3,775 17,931 Chargeurs SA 101,875 2,954,416 Christian Dior SE 25,611 7,292,830 Cie de Saint-Gobain 510,205 28,309,590 Cie des Alpes 25,768 841,868 Cie Generale des Etablissements Michelin 416,840 56,455,172 Cie Plastic Omnium SA 311,378 11,982,537 CNP Assurances 277,964 6,710,518 * Coface SA 134,333 1,270,217 Credit Agricole SA 974,177 17,099,092 Danone SA 263,623 19,671,593 Danone SA Sponsored ADR 36,386 542,515 Dassault Aviation SA 951 1,427,829 Dassault Systemes SE 66,959 6,568,520 Dassault Systemes SE Sponsored ADR 10,986 1,075,529 Derichebourg SA 669,888 5,868,815 Devoteam SA 18,485 1,677,497 # Edenred 488,244 12,834,876 Eiffage SA 215,975 20,920,563 Electricite de France SA 1,138,212 11,553,571 Electricite de Strasbourg SA 606 85,781 # Elior Group 418,004 11,095,071 # Elis SA 58,536 1,415,321 Engie SA 2,588,303 41,687,725 #* Eramet 22,844 1,442,078 Essilor International SA 114,537 14,501,144 * Esso SA Francaise 7,987 536,992 Euler Hermes Group 32,909 3,934,254 # Eurofins Scientific SE 13,901 7,743,539 Euronext NV 163,179 9,536,110 Europcar Groupe SA 29,755 433,236 Eutelsat Communications SA 518,333 14,028,275 Exel Industries Class A 4,359 521,016 Faurecia 352,644 19,581,646 Fleury Michon SA 3,536 212,226 * Fnac Darty SA 34,344 3,254,883 * Fnac Darty SA 12,150 1,149,325 * Gaumont SA 768 80,185 # Gaztransport Et Technigaz SA 62,333 2,970,995 GEA 98 10,477 GL Events 33,366 989,996 Groupe Crit 20,479 1,962,220 Groupe Eurotunnel SE 829,659 9,199,749 #* Groupe Gorge 12,636 314,138 Groupe Open 19,427 579,648 # Guerbet 29,985 2,698,504 Haulotte Group SA 49,893 878,314 Havas SA 361,525 3,959,633 HERIGE SADCS 811 37,063 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- FRANCE -- (Continued) Hermes International 6,014 $ 3,046,179 #* HiPay Group SA 7,567 145,420 * ID Logistics Group 2,947 476,040 Iliad SA 19,333 4,796,021 Imerys SA 80,293 6,960,151 # Ingenico Group SA 119,984 12,585,755 Interparfums SA 19,954 792,930 Ipsen SA 55,079 7,049,818 IPSOS 163,581 5,649,278 Jacquet Metal Service 62,258 1,739,903 # JCDecaux SA 78,171 2,783,811 Kaufman & Broad SA 22,148 959,709 Kering 20,005 6,992,173 Korian SA 119,000 3,934,610 L'Oreal SA 69,285 14,354,482 # Lagardere SCA 574,127 18,863,297 Laurent-Perrier 2,478 224,422 Le Belier 1,582 85,318 Le Noble Age 23,220 1,374,615 Lectra 41,691 1,199,046 Legrand SA 170,608 11,785,191 Linedata Services 10,467 609,734 LISI 78,497 3,784,350 LVMH Moet Hennessy Louis Vuitton SE 101,739 25,555,670 Maisons France Confort SA 4,083 299,499 Manitou BF SA 25,394 890,538 Manutan International 2,179 224,066 Mersen SA 50,490 1,865,503 #* METabolic EXplorer SA 92,087 255,034 Metropole Television SA 119,222 2,884,605 MGI Coutier 62,972 2,532,884 Mr Bricolage 8,989 169,304 Natixis SA 1,465,565 10,649,593 #* Naturex 14,970 1,519,439 # Neopost SA 146,353 6,711,042 Nexans SA 154,327 8,840,522 Nexity SA 111,998 6,007,117 #* Nicox 29,469 429,360 #* NRJ Group 60,571 801,709 Oeneo SA 85,692 955,270 #* Onxeo SA(B04P0G6) 94,000 449,692 #* Onxeo SA(BPFJVR0) 12,362 58,109 Orange SA 2,984,136 50,213,680 # Orange SA Sponsored ADR 206,198 3,474,436 Orpea 90,705 10,401,423 #* Parrot SA 33,846 401,901 PCAS 9,130 195,185 Pernod Ricard SA 49,665 6,890,723 Peugeot SA 1,471,983 31,663,423 #* Pierre & Vacances SA 23,603 1,319,243 Plastivaloire 78,608 2,021,714 PSB Industries SA 793 50,063 Publicis Groupe SA 129,549 9,796,033 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- FRANCE -- (Continued) # Publicis Groupe SA ADR 97,524 $ 1,847,105 # Rallye SA 148,721 3,160,647 #* Recylex SA 16,732 183,292 # Remy Cointreau SA 22,863 2,629,963 Renault SA 364,742 32,860,293 Rexel SA 1,268,359 20,085,041 Robertet SA 931 446,363 Rothschild & Co. 2,404 89,410 Rubis SCA 198,532 12,636,970 Safran SA 123,574 11,691,418 Samse SA 546 95,791 Sanofi 514,628 49,038,388 Sanofi ADR 488,567 23,138,533 Sartorius Stedim Biotech 38,100 2,714,713 Savencia SA 13,568 1,349,453 Schneider Electric SE(4834108) 314,952 24,718,436 Schneider Electric SE(B11BPS1) 19,869 1,563,907 SCOR SE 423,254 17,851,096 SEB SA 69,717 12,402,954 Seche Environnement SA 3,292 128,598 #* Sequana SA 217,310 241,385 SES SA 889,508 20,924,941 * SFR Group SA 94,965 3,534,829 Societe BIC SA 25,758 3,021,307 * Societe des Bains de Mer et du Cercle des Etrangers a Monaco 1,930 75,311 Societe Generale SA 796,422 46,697,971 #* Societe Internationale de Plantations d'Heveas SA 2,696 269,230 Societe Marseillaise du Tunnel Prado-Carenage SA 7,833 172,977 Sodexo SA(7062713) 54,034 6,383,016 Sodexo SA() 8,908 1,052,737 Sodexo SA Sponsored ADR 19,000 449,540 * SOITEC 43,042 2,733,081 #* Solocal Group 1,695,604 1,706,692 Somfy SA 13,830 1,310,555 Sopra Steria Group 67,527 11,677,870 SPIE SA 109,602 3,080,630 * Stallergenes Greer P.L.C. 1,425 60,565 #* Ste Industrielle d'Aviation Latecoere SA 261,227 1,344,548 Stef SA 18,378 2,042,674 STMicroelectronics NV(5962332) 1,333,520 22,592,739 # STMicroelectronics NV(2430025) 348,213 5,867,389 # Suez 476,971 8,624,225 Sword Group 22,607 928,465 Synergie SA 35,119 1,664,045 Tarkett SA 114,111 4,724,401 Technicolor SA 597,362 2,171,655 Technicolor SA Sponsored ADR 4,360 15,936 Teleperformance 206,991 28,840,597 # Television Francaise 1 367,879 5,382,686 Tessi SA 1,997 365,915 Thales SA 82,563 9,140,376 Thermador Groupe 3,093 340,551 Total Gabon 203 32,031 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- FRANCE -- (Continued) Total SA 1,539,718 $ 78,300,317 # Total SA Sponsored ADR 476,776 24,158,258 * Touax SA 837 12,365 #* Transgene SA 756 2,951 Trigano SA 31,669 4,164,548 * Ubisoft Entertainment SA 363,647 23,009,947 Union Financiere de France BQE SA 1,141 39,000 Valeo SA 342,225 23,695,164 #* Vallourec SA 1,621,744 9,593,588 #* Valneva SE 132,592 461,529 Veolia Environnement SA 345,913 7,795,752 Veolia Environnement SA ADR 45,884 1,031,013 Vicat SA 56,108 4,098,963 VIEL & Cie SA 50,850 351,111 Vilmorin & Cie SA 20,350 1,794,435 Vinci SA 278,709 24,957,378 #* Virbac SA 7,312 1,305,077 Vivendi SA 1,077,602 24,907,536 Vranken-Pommery Monopole SA 3,897 112,235 * Worldline SA 50,520 2,053,201 Zodiac Aerospace 227,337 6,501,308 -------------- TOTAL FRANCE 1,740,873,684 -------------- GERMANY -- (7.1%) Aareal Bank AG 324,312 13,526,569 Adidas AG 82,205 18,775,145 #* Adler Modemaerkte AG 37,386 259,198 #* ADLER Real Estate AG 76,048 1,191,943 ADO Properties SA 1,922 86,760 #* ADVA Optical Networking SE 142,680 1,086,651 #* AIXTRON SE 269,746 2,400,414 All for One Steeb AG 135 10,369 Allgeier SE 2,678 71,742 Allianz SE 280,110 59,707,691 Allianz SE Sponsored ADR 829,638 17,712,771 Amadeus Fire AG 16,042 1,481,755 * AS Creation Tapeten 906 26,467 Atoss Software AG 290 26,296 Aurubis AG 137,248 12,218,218 Axel Springer SE 182,301 11,575,915 BASF SE 1,200,373 114,275,431 Basler AG 2,225 420,285 Bauer AG 36,344 1,007,832 Bayer AG 336,584 42,632,125 # Bayer AG Sponsored ADR 10,327 1,306,830 Bayerische Motoren Werke AG 507,925 46,667,857 BayWa AG 44,190 1,635,266 Bechtle AG 69,678 5,015,494 Beiersdorf AG 35,671 3,914,494 # Bertrandt AG 19,052 1,814,424 Bijou Brigitte AG 9,986 691,399 # Bilfinger SE 127,769 5,220,740 * Biotest AG 16,731 544,670 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) Borussia Dortmund GmbH & Co. KGaA 322,236 $ 2,278,866 Brenntag AG 155,818 8,829,767 # CANCOM SE 40,035 2,632,894 Carl Zeiss Meditec AG 51,380 2,751,063 CENIT AG 22,785 633,529 CENTROTEC Sustainable AG 38,380 849,410 Cewe Stiftung & Co. KGAA 28,274 2,501,951 Comdirect Bank AG 122,433 1,544,190 * Commerzbank AG 1,929,690 25,240,984 CompuGroup Medical SE 74,237 4,422,545 * Constantin Medien AG 83,047 182,692 Continental AG 163,183 36,759,825 Covestro AG 64,923 5,034,668 CropEnergies AG 102,889 1,106,450 CTS Eventim AG & Co. KGaA 122,665 5,685,571 Daimler AG 1,472,014 103,136,318 Data Modul AG 2,305 238,646 # Delticom AG 7,604 139,314 Deutsche Bank AG(5750355) 789,392 14,057,218 # Deutsche Bank AG(D18190898) 1,493,279 26,640,097 Deutsche Beteiligungs AG 43,225 2,036,386 Deutsche Boerse AG 87,885 9,176,705 # Deutsche EuroShop AG 124,592 5,188,609 Deutsche Lufthansa AG 1,220,589 26,212,167 Deutsche Pfandbriefbank AG 89,716 1,182,098 Deutsche Post AG 671,791 26,060,481 Deutsche Telekom AG 4,891,056 89,353,386 # Deutsche Telekom AG Sponsored ADR 512,237 9,348,325 # Deutsche Wohnen AG 365,283 14,475,620 Deutz AG 420,578 3,122,289 * Dialog Semiconductor P.L.C. 309,518 13,487,896 DIC Asset AG 137,803 1,486,092 # Diebold Nixdorf AG 9,499 808,555 DMG Mori AG 32,940 1,945,331 Dr Hoenle AG 13,336 563,042 Draegerwerk AG & Co. KGaA 8,030 653,332 Drillisch AG 108,758 7,275,294 # Duerr AG 83,418 10,163,384 E.ON SE 5,371,567 53,139,551 Eckert & Ziegler AG 9,236 391,007 EDAG Engineering Group AG 650 10,318 Elmos Semiconductor AG 49,061 1,196,002 # ElringKlinger AG 133,618 2,330,856 * Euromicron AG 12,778 129,422 Evonik Industries AG 210,594 7,172,316 * Evotec AG 150,502 2,168,708 # Fielmann AG 41,510 3,333,845 * First Sensor AG 12,275 201,538 Francotyp-Postalia Holding AG Class A 9,306 61,560 Fraport AG Frankfurt Airport Services Worldwide 110,166 11,031,916 Freenet AG 394,510 13,316,624 Fresenius Medical Care AG & Co. KGaA 246,513 23,246,282 # Fresenius Medical Care AG & Co. KGaA ADR 48,688 2,292,231 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) Fresenius SE & Co. KGaA 594,150 $50,149,059 Fuchs Petrolub SE 37,857 1,991,372 GEA Group AG 359,585 14,613,951 Gerresheimer AG 145,849 12,036,640 # Gerry Weber International AG 85,710 1,093,585 Gesco AG 19,607 621,535 # GFT Technologies SE 35,183 654,007 Grammer AG 62,110 3,528,873 # GRENKE AG 24,774 2,140,020 * H&R GmbH & Co. KGaA 56,783 772,696 Hamburger Hafen und Logistik AG 141,620 3,960,783 Hannover Rueck SE 82,836 10,455,449 * Hapag-Lloyd AG 11,550 456,690 HeidelbergCement AG 202,418 20,043,823 #* Heidelberger Druckmaschinen AG 1,330,446 4,530,188 Hella KGaA Hueck & Co. 173,338 9,165,673 Henkel AG & Co. KGaA 23,025 2,896,755 * Highlight Communications AG 35,442 211,588 Hochtief AG 70,173 12,525,431 * HolidayCheck Group AG 60,713 215,827 Hornbach Baumarkt AG 21,740 808,152 # Hugo Boss AG 191,653 14,456,057 Indus Holding AG 58,195 4,355,643 Infineon Technologies AG 539,614 11,718,402 Infineon Technologies AG ADR 340,602 7,404,687 Innogy SE 119,535 5,020,457 Isra Vision AG 8,936 1,636,415 Jenoptik AG 166,261 4,580,825 # K+S AG 762,197 19,819,533 KION Group AG 212,251 18,417,714 Kloeckner & Co. SE 399,180 4,413,465 # Koenig & Bauer AG 71,614 5,610,122 * Kontron AG 223,699 921,245 # Krones AG 42,754 5,319,397 KSB AG 214 121,054 KWS Saat SE 4,665 1,895,029 Lanxess AG 389,297 30,020,205 LEG Immobilien AG 152,788 14,691,391 Leifheit AG 27,766 1,099,630 Leoni AG 164,753 9,744,889 Linde AG 109,174 20,826,107 #* LPKF Laser & Electronics AG 36,039 392,455 # MAN SE 34,049 3,770,577 #* Manz AG 14,371 570,221 MasterFlex SE 338 3,232 * Mediclin AG 12,692 85,092 #* Medigene AG 47,696 580,315 Merck KGaA 68,420 7,507,839 Metro AG 601,154 6,755,395 * Metro Wholesale & Food Specialist AG 601,154 12,144,245 MLP AG 150,773 1,104,412 MTU Aero Engines AG 185,543 27,192,028 Muenchener Rueckversicherungs-Gesellschaft AG 107,881 23,172,774 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) Nemetschek SE 43,322 $ 3,361,784 Nexus AG 4,392 135,136 #* Nordex SE 158,594 2,165,474 Norma Group SE 141,784 8,598,276 OHB SE 24,874 891,405 OSRAM Licht AG 246,478 20,540,070 #* Paion AG 35,721 118,379 # paragon AG 6,851 497,586 * Patrizia Immobilien AG 227,957 4,117,882 Pfeiffer Vacuum Technology AG 19,738 3,347,195 PNE Wind AG 268,128 839,912 Progress-Werk Oberkirch AG 3,776 192,203 # ProSiebenSat.1 Media SE 327,262 13,075,437 PSI Software AG 3,562 66,076 Puma SE 6,192 2,482,343 * PVA TePla AG 8,269 29,317 QIAGEN NV(BYXS699) 364,830 12,101,159 QIAGEN NV(N72482123) 18,931 621,690 # QSC AG 492,485 1,082,563 R Stahl AG 3,704 140,294 Rational AG 6,635 4,166,369 Rheinmetall AG 179,682 17,930,460 # RHOEN-KLINIKUM AG 136,854 4,306,679 # RIB Software SE 88,868 1,587,613 RTL Group SA 27,234 2,118,696 * RWE AG 1,919,080 40,436,112 # S&T AG 47,648 832,920 SAF-Holland SA 180,969 3,197,589 Salzgitter AG 164,708 7,389,570 SAP SE 121,724 12,888,767 # SAP SE Sponsored ADR 52,887 5,598,089 #* Schaltbau Holding AG 18,852 826,257 Scout24 AG 8,084 307,974 # Secunet Security Networks AG 1,122 132,856 #* SGL Carbon SE 111,449 1,405,736 SHW AG 30,016 1,264,155 Siemens AG 320,191 43,450,427 # Siemens AG Sponsored ADR 234,786 15,923,187 * Siltronic AG 32,928 3,580,650 # Sixt Leasing SE 5,775 136,809 # Sixt SE 63,659 4,499,901 # SMA Solar Technology AG 34,238 1,241,673 * SMT Scharf AG 4,136 58,006 Softing AG 4,181 57,650 Software AG 167,487 7,323,047 * Solartech International Holdings, Ltd. 1,920,000 140,683 Stabilus SA 15,813 1,314,907 # Stada Arzneimittel AG 236,869 18,442,479 Stroeer SE & Co. KGaA 53,858 3,472,252 Suedzucker AG 315,302 6,729,619 * Suess MicroTec AG 94,269 1,362,599 Surteco SE 25,506 752,559 # Symrise AG 126,807 8,878,486 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- GERMANY -- (Continued) TAG Immobilien AG 377,815 $ 6,199,523 Takkt AG 146,923 3,607,653 * Talanx AG 149,318 6,157,452 Technotrans AG 17,853 878,289 * Tele Columbus AG 13,393 153,716 # Telefonica Deutschland Holding AG 1,028,740 5,314,222 # ThyssenKrupp AG 251,989 7,484,432 TLG Immobilien AG 70,609 1,531,414 * Tom Tailor Holding SE 134,872 1,131,196 Traffic Systems SE 650 12,573 Uniper SE 749,667 15,449,868 United Internet AG 161,055 9,805,029 VERBIO Vereinigte BioEnergie AG 102,262 1,163,172 # Volkswagen AG 55,446 8,718,646 Vonovia SE 218,432 8,851,932 * Vossloh AG 27,664 1,839,953 # VTG AG 44,230 2,217,407 Wacker Chemie AG 78,727 9,770,349 Wacker Neuson SE 109,353 2,935,642 Washtec AG 50,600 4,060,247 # Wirecard AG 31,196 2,387,386 Wuestenrot & Wuerttembergische AG 4,717 121,820 XING AG 7,839 2,303,695 * Zalando SE 32,986 1,476,365 Zeal Network SE 39,999 1,102,510 -------------- TOTAL GERMANY 1,771,588,314 -------------- HONG KONG -- (2.8%) #* 13 Holdings, Ltd. (The) 511,500 66,844 Aeon Stores Hong Kong Co., Ltd. 32,000 28,533 Agritrade Resources, Ltd. 2,305,000 566,667 AIA Group, Ltd. 6,136,600 48,267,458 Alco Holdings, Ltd. 504,000 130,223 Allied Group, Ltd. 76,000 464,806 # Allied Properties HK, Ltd. 3,898,393 852,532 Alltronics Holdings, Ltd. 559,800 211,452 * Anxian Yuan China Holdings, Ltd. 7,000,000 49,216 * APAC Resources, Ltd. 169,686 21,694 * Applied Development Holdings, Ltd. 3,310,000 224,487 APT Satellite Holdings, Ltd. 1,537,250 758,314 Arts Optical International Hldgs, Ltd. 70,000 24,340 Asia Financial Holdings, Ltd. 400,000 219,057 Asia Satellite Telecommunications Holdings, Ltd. 162,000 165,738 # Asia Standard International Group, Ltd. 975,561 283,180 Asian Growth Properties, Ltd. 575,672 208,682 # ASM Pacific Technology, Ltd. 482,400 6,234,414 Associated International Hotels, Ltd. 79,000 242,717 #* Auto Italia Holdings 2,475,000 24,751 # Bank of East Asia, Ltd. (The) 2,109,989 9,025,821 BeijingWest Industries International, Ltd. 1,032,400 188,882 * Bisu Technology Group International, Ltd. 10,000 9,896 BOC Aviation, Ltd. 29,000 150,655 BOC Hong Kong Holdings, Ltd. 4,333,000 21,303,080 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) # Bonjour Holdings, Ltd. 5,884,000 $ 282,358 Bossini International Holdings, Ltd. 2,184,000 128,659 # Bright Smart Securities & Commodities Group, Ltd. 2,690,000 794,026 #* Brightoil Petroleum Holdings, Ltd. 9,440,000 2,452,955 * Brockman Mining, Ltd. 2,850,520 41,982 * Burwill Holdings, Ltd. 14,623,600 390,843 Cafe de Coral Holdings, Ltd. 824,000 2,652,222 * Cash Financial Services Group, Ltd. 1,596,000 52,070 Cathay Pacific Airways, Ltd. 6,589,000 10,323,403 CCT Fortis Holdings, Ltd. 216,000 28,506 * CCT Land Holdings, Ltd. 15,680,000 20,121 # Century City International Holdings, Ltd. 1,112,000 105,176 CGN Mining Co., Ltd. 1,600,000 128,876 Chen Hsong Holdings 360,000 110,709 Cheuk Nang Holdings, Ltd. 109,590 72,947 Cheung Kong Property Holdings, Ltd. 1,287,408 10,411,039 Chevalier International Holdings, Ltd. 130,276 217,587 * China Best Group Holding, Ltd. 5,100,000 70,469 * China Chuanglian Education Financial Group, Ltd. 2,472,000 37,551 China Display Optoelectronics Technology Holdings, Ltd. 952,000 142,294 * China Energy Development Holdings, Ltd. 33,734,000 397,230 China Flavors & Fragrances Co., Ltd. 981,350 295,113 * China Fortune Financial Group, Ltd. 3,118,000 79,712 * China Healthcare Enterprise Group, Ltd. 5,836,000 98,709 #* China LNG Group, Ltd. 40,160,000 642,618 * China Ludao Technology Co., Ltd. 404,000 87,888 * China Medical & Healthcare Group, Ltd. 1,040,000 48,525 China Metal International Holdings, Inc. 804,000 303,553 China Motor Bus Co., Ltd. 6,800 89,189 * China National Culture Group, Ltd. 2,290,000 4,980 * China Smarter Energy Group Holdings, Ltd. 1,462,000 130,907 #* China Soft Power Technology Holdings, Ltd. 2,599,301 39,533 * China Solar Energy Holdings, Ltd. 1,033,500 4,466 * China Star Entertainment, Ltd. 1,722,000 114,629 #* China Strategic Holdings, Ltd. 19,790,000 265,876 China Ting Group Holdings, Ltd. 1,862,000 94,045 * China Wah Yan Healthcare, Ltd. 6,681,250 19,647 # Chinese Estates Holdings, Ltd. 260,500 438,008 * Chinlink International Holdings, Ltd. 634,800 92,586 Chow Sang Sang Holdings International, Ltd. 1,248,000 2,914,240 Chow Tai Fook Jewellery Group, Ltd. 1,974,000 2,050,958 Chuang's China Investments, Ltd. 3,564,219 314,636 Chuang's Consortium International, Ltd. 3,823,553 890,172 CITIC Telecom International Holdings, Ltd. 8,345,000 2,540,587 CK Hutchison Holdings, Ltd. 3,807,408 50,102,116 CK Infrastructure Holdings, Ltd. 671,045 6,254,598 CK Life Sciences Intl Holdings, Inc. 11,806,000 965,895 CLP Holdings, Ltd. 614,000 6,542,258 # CMBC Capital Holdings, Ltd. 11,200,000 537,717 * CMMB Vision Holdings, Ltd. 7,452,000 371,785 CNQC International Holdings, Ltd. 2,660,000 844,521 CNT Group, Ltd. 648,000 40,597 #* Common Splendor International Health Industry Group, Ltd. 4,378,000 330,590 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ---------- HONG KONG -- (Continued) * Continental Holdings, Ltd. 440,000 $ 5,864 # Convenience Retail Asia, Ltd. 30,000 14,929 #* Convoy Global Holdings, Ltd. 25,290,000 572,703 # Cowell e Holdings, Inc. 1,276,000 521,866 * CP Lotus Corp. 1,420,000 27,663 * Crocodile Garments 2,682,000 343,260 Cross-Harbour Holdings, Ltd. (The) 206,000 312,771 CSI Properties, Ltd. 17,884,200 949,861 # CW Group Holdings, Ltd. 1,987,000 333,101 Dah Sing Banking Group, Ltd. 1,593,302 3,412,230 # Dah Sing Financial Holdings, Ltd. 766,844 5,426,121 Dickson Concepts International, Ltd. 361,000 136,283 * Ding He Mining Holdings, Ltd. 10,632,000 51,660 Eagle Nice International Holdings, Ltd. 996,000 411,573 EcoGreen International Group, Ltd. 270,240 55,755 Emperor Capital Group, Ltd. 13,782,000 1,232,997 Emperor Entertainment Hotel, Ltd. 2,560,000 671,688 Emperor International Holdings, Ltd. 5,946,416 2,297,889 * Emperor Watch & Jewellery, Ltd. 16,180,000 704,386 #* Enerchina Holdings, Ltd. 27,907,500 662,833 * ENM Holdings, Ltd. 1,404,000 93,476 * EPI Holdings, Ltd. 2,803,200 150,444 #* Esprit Holdings, Ltd. 6,689,813 3,296,263 * eSun Holdings, Ltd. 923,000 115,763 * Eternity Investment, Ltd. 520,000 12,439 # Fairwood Holdings, Ltd. 177,000 731,922 Far East Consortium International, Ltd. 5,991,872 3,303,541 * Far East Holdings International, Ltd. 738,000 65,062 # FIH Mobile, Ltd. 9,169,000 3,063,588 First Pacific Co., Ltd. 8,275,756 6,193,542 #* First Shanghai Investments, Ltd. 2,408,000 326,027 Fountain SET Holdings, Ltd. 3,490,000 459,886 # Four Seas Mercantile Holdings, Ltd. 36,000 16,281 * Freeman FinTech Corp., Ltd. 5,520,000 353,083 Fulum Group Holdings, Ltd. 88,000 11,599 Future Bright Holdings, Ltd. 1,410,000 126,278 * Future World Financial Holdings, Ltd. 187,783 3,221 * G-Resources Group, Ltd. 114,628,200 1,496,574 Galaxy Entertainment Group, Ltd. 1,604,000 9,903,260 #* GCL New Energy Holdings, Ltd. 22,334,000 1,028,400 # Genting Hong Kong, Ltd. 678,000 196,253 Get Nice Financial Group, Ltd. 530,824 86,913 Get Nice Holdings, Ltd. 23,121,000 813,157 Giordano International, Ltd. 7,678,000 4,272,590 * Global Brands Group Holding, Ltd. 20,893,250 1,977,126 # Glorious Sun Enterprises, Ltd. 1,555,000 181,288 Gold Peak Industries Holdings, Ltd. 605,000 59,302 #* Gold-Finance Holdings, Ltd. 160,000 32,934 Golden Resources Development International, Ltd. 924,000 60,259 #* Good Resources Holdings, Ltd. 5,300,000 281,069 # Goodbaby International Holdings, Ltd. 272,000 133,295 Great Eagle Holdings, Ltd. 345,249 1,893,314 Guangnan Holdings, Ltd. 1,750,000 241,930 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) Guoco Group, Ltd. 3,000 $ 35,170 # Guotai Junan International Holdings, Ltd. 11,158,000 3,435,101 # Haitong International Securities Group, Ltd. 6,237,975 3,595,074 Hang Lung Group, Ltd. 2,022,000 7,680,535 Hang Lung Properties, Ltd. 3,222,000 8,013,394 Hang Seng Bank, Ltd. 417,900 9,085,387 Hanison Construction Holdings, Ltd. 513,496 100,458 * Hao Tian Development Group, Ltd. 10,912,993 362,678 Harbour Centre Development, Ltd. 158,000 295,489 Henderson Land Development Co., Ltd. 1,397,673 8,078,180 * Henry Group Holdings, Ltd. 818,000 171,486 # HK Electric Investments & HK Electric Investments, Ltd. 2,691,000 2,562,418 HKBN, Ltd. 1,488,000 1,470,827 * HKR International, Ltd. 2,899,962 1,610,311 HKT Trust & HKT, Ltd. 8,857,000 11,602,342 Hon Kwok Land Investment Co., Ltd. 234,000 144,561 Hong Kong & China Gas Co., Ltd. 2,635,201 4,980,680 # Hong Kong Aircraft Engineering Co., Ltd. 99,200 691,842 * Hong Kong Building & Loan Agency, Ltd. (The) 1,296,000 35,145 # Hong Kong Exchanges & Clearing, Ltd. 394,696 11,244,182 # Hong Kong Ferry Holdings Co., Ltd. 111,000 129,564 Hong Kong Shanghai Alliance Holdings, Ltd. 196,000 21,301 * Hong Kong Television Network, Ltd. 1,792,000 614,459 # Hongkong & Shanghai Hotels, Ltd. (The) 1,097,424 1,950,757 Hongkong Chinese, Ltd. 2,129,143 389,767 Hop Hing Group Holdings, Ltd. 3,792,000 111,591 Hopewell Holdings, Ltd. 1,459,500 5,582,248 #* Hsin Chong Group Holdings, Ltd. 9,152,000 307,574 * Huan Yue Interactive Holdings, Ltd. 279,000 21,778 #* Huarong Investment Stock Corp., Ltd. 270,000 39,107 * Huisheng International Holdings, Ltd. 640,000 33,570 Hung Hing Printing Group, Ltd. 1,010,524 214,616 Hutchison Telecommunications Hong Kong Holdings, Ltd. 7,368,000 2,827,273 Hysan Development Co., Ltd. 948,215 4,585,322 * I-CABLE Communications, Ltd. 3,011,000 207,887 # IGG, Inc. 2,456,000 4,131,631 #* Imagi International Holdings, Ltd. 834,799 65,028 * International Standard Resources Holdings, Ltd. 8,763,750 81,850 * iOne Holdings, Ltd. 3,940,000 96,217 IPE Group, Ltd. 2,010,000 501,580 #* IRC, Ltd. 5,544,800 255,517 IT, Ltd. 2,425,087 1,209,782 ITC Properties Group, Ltd. 1,261,739 492,300 Johnson Electric Holdings, Ltd. 1,758,250 6,247,762 Kader Holdings Co., Ltd. 462,000 47,340 Kam Hing International Holdings, Ltd. 74,000 4,925 * Kantone Holdings, Ltd. 244,436 15,942 Karrie International Holdings, Ltd. 716,000 113,528 Kerry Logistics Network, Ltd. 2,334,791 3,357,416 Kerry Properties, Ltd. 1,917,083 6,717,962 Kingmaker Footwear Holdings, Ltd. 1,104,000 324,850 # Kingston Financial Group, Ltd. 11,317,000 3,937,926 Kowloon Development Co., Ltd. 1,610,000 1,773,524 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- HONG KONG -- (Continued) * Kwan On Holdings, Ltd. 700,000 $ 113,643 L'Occitane International SA 1,282,000 2,963,638 * L'sea Resources International Holdings, Ltd. 1,300,000 16,517 Lai Sun Development Co., Ltd. 62,169,666 2,304,985 Lam Soon Hong Kong, Ltd. 12,000 17,348 #* Landing International Development, Ltd. 223,380,000 2,570,094 * LEAP Holdings Group, Ltd. 360,000 11,976 * Lerado Financial Group Company Ltd. 740,000 12,032 # Li & Fung, Ltd. 25,775,250 9,428,749 Lifestyle International Holdings, Ltd. 1,814,000 2,468,846 Lippo China Resources, Ltd. 12,586,000 450,877 Lippo, Ltd. 236,000 141,961 Liu Chong Hing Investment, Ltd. 822,000 1,359,005 Luk Fook Holdings International, Ltd. 1,680,000 6,168,219 Luks Group Vietnam Holdings Co., Ltd. 130,000 42,752 Lung Kee Bermuda Holdings 280,000 130,067 #* Macau Legend Development, Ltd. 6,955,000 1,200,379 Magnificent Hotel Investment, Ltd. 4,616,000 134,045 # Man Wah Holdings, Ltd. 8,056,800 6,954,631 #* Mason Group Holdings, Ltd. 19,263,200 256,108 # Master Glory Group, Ltd.(BYTP1T9) 38,991,388 532,984 Master Glory Group, Ltd.(BYTP1T9) 1,716,040 23,508 Melco International Development, Ltd. 2,428,000 5,737,350 Melco Resorts & Entertainment, Ltd. ADR 47,606 961,641 # MGM China Holdings, Ltd. 757,600 1,490,612 #* Midland Holdings, Ltd. 1,952,000 519,150 * Midland IC&I, Ltd. 1,008,000 50,911 Ming Fai International Holdings, Ltd. 652,000 102,606 # Miramar Hotel & Investment 324,000 742,250 Modern Dental Group, Ltd. 33,000 12,660 #* Mongolian Mining Corp. 12,040,750 424,452 # MTR Corp., Ltd. 808,424 4,668,308 NagaCorp, Ltd. 8,338,000 5,082,389 National Electronic Hldgs 61,600 8,503 * National United Resources Holdings, Ltd. 3,320,000 11,306 * Neo-Neon Holdings, Ltd. 1,329,000 144,434 * Neptune Group, Ltd. 656,000 28,098 * NetMind Financial Holdings, Ltd. 45,344,000 214,564 * NEW Concepts Holdings, Ltd. 276,000 131,445 * New Times Energy Corp., Ltd. 3,397,000 107,355 New World Development Co., Ltd. 11,831,364 15,977,623 #* Newocean Energy Holdings, Ltd. 4,020,000 1,188,229 * Next Digital, Ltd. 1,774,000 86,357 * Nine Express, Ltd. 5,754,000 209,665 # NWS Holdings, Ltd. 2,659,221 5,087,284 * O Luxe Holdings, Ltd. 5,302,800 983,646 * OCI International Holdings, Ltd. 96,000 17,758 On Time Logistics Holdings, Ltd. 168,000 83,646 # OP Financial Investments, Ltd. 632,000 209,413 * Orange Sky Golden Harvest Entertainment Holdings, Ltd. 3,905,000 494,564 * Orient Overseas International, Ltd. 940,000 8,748,006 Oriental Watch Holdings 1,152,240 243,156 * Pacific Andes International Holdings, Ltd. 11,918,411 41,809 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) * Pacific Basin Shipping, Ltd. 18,615,000 $ 4,067,373 # Pacific Textiles Holdings, Ltd. 2,163,000 2,446,147 Paliburg Holdings, Ltd. 808,790 345,607 * Pan Asia Environmental Protection Group, Ltd. 756,000 71,533 #* Paradise Entertainment, Ltd. 1,944,000 254,003 PCCW, Ltd. 11,047,265 6,212,737 * Pearl Oriental Oil, Ltd. 5,768,627 128,443 * Pegasus Entertainment Holdings, Ltd. 2,736,000 66,521 Pegasus International Holdings, Ltd. 82,000 10,496 Perfect Shape Beauty Technology, Ltd. 752,000 86,604 Pico Far East Holdings, Ltd. 2,646,000 1,090,632 Playmates Holdings, Ltd. 3,734,000 530,439 Playmates Toys, Ltd. 4,208,000 716,078 Polytec Asset Holdings, Ltd. 4,795,000 414,250 Power Assets Holdings, Ltd. 683,000 6,764,957 Prada SpA 481,600 1,719,205 PT International Development Co., Ltd. 3,548,550 240,786 Public Financial Holdings, Ltd. 608,000 282,429 PuraPharm Corp., Ltd. 387,000 171,936 * PYI Corp., Ltd. 13,424,552 295,420 # Regal Hotels International Holdings, Ltd. 1,279,400 1,002,039 * Regent Pacific Group, Ltd. 4,590,000 170,182 # Regina Miracle International Holdings, Ltd. 793,000 698,375 #* Rentian Technology Holdings, Ltd. 3,910,000 190,140 SA SA International Holdings, Ltd. 2,604,622 956,718 Samsonite International SA 2,981,700 12,486,579 Sands China, Ltd. 665,600 3,082,727 SAS Dragon Holdings, Ltd. 1,238,000 366,081 # SEA Holdings, Ltd. 454,000 534,612 * SEEC Media Group, Ltd. 11,102,000 51,129 Shangri-La Asia, Ltd. 3,318,166 5,388,635 # Shenwan Hongyuan HK, Ltd. 1,545,000 582,239 * Shougang Concord Grand Group, Ltd. 334,000 9,748 Shun Ho Property Investments, Ltd. 70,224 27,672 * Shun Tak Holdings, Ltd. 7,410,250 3,195,726 * Silver base Group Holdings, Ltd. 1,080,000 71,838 * Sincere Watch Hong Kong, Ltd. 5,990,000 128,009 Sing Tao News Corp., Ltd. 892,000 115,279 * Singamas Container Holdings, Ltd. 6,670,000 955,492 Sino Land Co., Ltd. 4,541,609 7,490,341 SITC International Holdings Co., Ltd. 2,178,000 1,812,043 Sitoy Group Holdings, Ltd. 1,298,000 283,967 # SJM Holdings, Ltd. 7,198,699 7,196,764 Sky Light Holdings, Ltd. 314,000 62,229 SmarTone Telecommunications Holdings, Ltd. 2,087,575 2,741,567 * SOCAM Development, Ltd. 1,422,488 431,246 * Solartech International Holdings, Ltd. 9,760,000 636,959 * Solomon Systech International, Ltd. 3,988,000 181,372 Soundwill Holdings, Ltd. 176,000 441,155 * South China Financial Holdings, Ltd. 25,300,000 168,265 * South China Holdings Co., Ltd. 2,720,000 104,381 Stella International Holdings, Ltd. 1,528,500 2,619,781 * Stelux Holdings International, Ltd. 637,600 54,670 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) * Success Universe Group, Ltd. 3,996,000 $ 110,236 #* Summit Ascent Holdings, Ltd. 630,000 142,566 Sun Hing Vision Group Holdings, Ltd. 122,000 49,059 Sun Hung Kai & Co., Ltd. 2,847,787 1,880,638 Sun Hung Kai Properties, Ltd. 1,129,511 17,476,082 * Suncorp Technologies, Ltd. 4,380,000 14,542 Sunwah Kingsway Capital Holdings, Ltd. 3,120,000 47,104 Swire Pacific, Ltd. Class A 782,500 7,796,951 Swire Pacific, Ltd. Class B 1,275,000 2,258,120 Swire Properties, Ltd. 675,850 2,334,711 # TAI Cheung Holdings, Ltd. 594,000 647,658 Tai Sang Land Development, Ltd. 145,523 102,135 * Tai United Holdings, Ltd. 1,690,000 260,716 * Talent Property Group, Ltd. 19,560,000 240,295 Tan Chong International, Ltd. 372,000 116,483 Tao Heung Holdings, Ltd. 153,000 31,734 Techtronic Industries Co., Ltd. 3,200,500 14,220,753 Television Broadcasts, Ltd. 1,331,600 4,874,422 * Termbray Industries International Holdings, Ltd. 112,000 12,196 # Texwinca Holdings, Ltd. 3,744,000 2,271,374 TK Group Holdings, Ltd. 114,000 46,640 * Tom Group, Ltd. 150,000 36,894 # Town Health International Medical Group, Ltd. 444,000 33,546 Tradelink Electronic Commerce, Ltd. 1,704,000 322,720 Transport International Holdings, Ltd. 814,200 2,745,874 * Trinity, Ltd. 4,822,000 277,766 * TSC Group Holdings, Ltd. 1,656,000 146,258 Tsui Wah Holdings, Ltd. 976,000 151,004 #* United Laboratories International Holdings, Ltd. (The) 3,727,500 2,336,245 * Up Energy Development Group, Ltd. 2,252,000 6,977 * Value Convergence Holdings, Ltd. 1,008,000 167,659 # Value Partners Group, Ltd. 711,000 660,601 Vanke Property Overseas, Ltd. 123,000 77,125 Vantage International Holdings, Ltd. 1,038,000 148,470 Varitronix International, Ltd. 1,370,000 731,494 Vedan International Holdings, Ltd. 1,404,000 165,290 Victory City International Holdings, Ltd. 12,654,814 429,034 Vitasoy International Holdings, Ltd. 1,908,000 4,077,319 VST Holdings, Ltd. 2,525,200 670,248 # VTech Holdings, Ltd. 487,400 7,049,899 Wai Kee Holdings, Ltd. 222,000 100,684 * Wan Kei Group Holdings, Ltd. 550,000 44,321 Wang On Group, Ltd. 5,220,000 47,400 Water Oasis Group, Ltd. 326,000 44,266 WH Group, Ltd. 18,406,000 17,258,234 Wharf Holdings, Ltd. (The) 1,286,750 10,936,913 Wheelock & Co., Ltd. 1,326,000 9,992,065 Win Hanverky Holdings, Ltd. 876,000 123,264 * Winfull Group Holdings, Ltd. 3,696,000 92,712 Wing On Co. International, Ltd. 123,137 415,433 Wing Tai Properties, Ltd. 390,000 266,905 Wonderful Sky Financial Group Holdings, Ltd. 264,000 68,231 Wong's Kong King International 218,000 28,721 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ HONG KONG -- (Continued) Wynn Macau, Ltd. 1,242,400 $ 2,684,322 Xinyi Glass Holdings, Ltd. 8,190,000 8,462,703 * Yat Sing Holdings, Ltd. 270,000 125,838 * Yau Lee Holdings, Ltd. 134,000 21,002 # Yeebo International Holdings, Ltd. 972,000 533,344 YGM Trading, Ltd. 103,000 93,052 * Yuan Heng Gas Holdings, Ltd. 512,000 40,632 Yue Yuen Industrial Holdings, Ltd. 2,770,000 11,436,396 Yugang International, Ltd. 13,454,000 327,426 * ZH International Holdings, Ltd. 990,000 28,990 ------------ TOTAL HONG KONG 686,474,584 ------------ IRELAND -- (0.5%) * Bank of Ireland Group P.L.C. 2,050,971 17,116,980 C&C Group P.L.C.(B010DT8) 24,767 89,067 C&C Group P.L.C.(B011Y09) 663,411 2,402,909 CRH P.L.C.(0182704) 71,685 2,511,143 CRH P.L.C.(4182249) 173,628 6,094,492 CRH P.L.C. Sponsored ADR 605,171 21,223,347 Datalex P.L.C. 3,322 14,836 * FBD Holdings P.L.C.(0329028) 18,709 185,481 * FBD Holdings P.L.C.(4330231) 37,809 378,255 Glanbia P.L.C.(0066950) 74,909 1,560,113 Glanbia P.L.C.(4058629) 261,751 5,418,576 IFG Group P.L.C. 53,466 110,811 * Independent News & Media P.L.C. 1,085,178 143,581 Irish Continental Group P.L.C. 266,049 1,690,175 * Kenmare Resources P.L.C. 165 551 Kerry Group P.L.C. Class A(0490656) 76,886 6,918,154 Kerry Group P.L.C. Class A(4519579) 20,014 1,811,519 Kingspan Group P.L.C.(0492793) 19,320 645,181 Kingspan Group P.L.C.(4491235) 591,843 19,713,603 Paddy Power Betfair P.L.C.(BWXC0Z1) 51,120 5,106,472 Paddy Power Betfair P.L.C.(BWT6H89) 57,823 5,793,431 Smurfit Kappa Group P.L.C. 665,749 19,800,054 ------------ TOTAL IRELAND 118,728,731 ------------ ISRAEL -- (0.6%) * ADO Group, Ltd. 32,854 461,763 * Africa Israel Investments, Ltd. 450,766 34,438 * Africa Israel Properties, Ltd. 41,131 819,042 * Airport City, Ltd. 175,481 2,318,403 Albaad Massuot Yitzhak, Ltd. 660 10,733 * Allot Communications, Ltd. 58,519 290,882 # Alrov Properties and Lodgings, Ltd. 25,797 742,008 Amot Investments, Ltd. 336,345 1,785,290 Arad, Ltd. 1,421 14,519 #* Arko Holdings, Ltd. 254,964 119,527 Ashtrom Properties, Ltd. 3,135 13,737 * AudioCodes, Ltd.(M15342104) 2,000 13,860 * AudioCodes, Ltd.(6415352) 12,744 86,844 Avgol Industries 1953, Ltd. 185,094 227,165 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ISRAEL -- (Continued) * Azorim-Investment Development & Construction Co., Ltd. 86,640 $ 82,729 Azrieli Group, Ltd. 61,789 3,376,374 Bank Hapoalim BM 2,558,428 17,721,725 Bank Leumi Le-Israel BM 3,955,582 19,003,197 Bayside Land Corp. 2,222 956,622 Bezeq The Israeli Telecommunication Corp., Ltd. 1,878,121 2,788,343 Big Shopping Centers, Ltd. 12,853 900,435 Blue Square Real Estate, Ltd. 11,740 536,900 * Brack Capital Properties NV 2,535 252,694 Carasso Motors, Ltd. 7,897 74,369 #* Cellcom Israel, Ltd.(B23WQK8) 215,938 2,004,734 * Cellcom Israel, Ltd.(M2196U109) 43,866 407,954 * Ceragon Networks, Ltd. 99,230 230,398 #* Clal Biotechnology Industries, Ltd. 107,037 113,578 * Clal Insurance Enterprises Holdings, Ltd. 93,887 1,520,127 * Compugen, Ltd. 16,989 66,909 Danel Adir Yeoshua, Ltd. 1,592 73,435 Delek Automotive Systems, Ltd. 124,572 1,029,992 Delek Group, Ltd. 10,301 2,109,512 # Delta-Galil Industries, Ltd. 48,016 1,329,755 Direct Insurance Financial Investments, Ltd. 51,880 556,259 El Al Israel Airlines 1,858,487 1,768,373 # Elbit Systems, Ltd.(6308913) 34,092 4,304,638 Elbit Systems, Ltd.(M3760D101) 2,033 256,199 Electra Consumer Products 1970, Ltd. 37,956 744,312 Electra, Ltd. 5,808 1,148,537 Elron Electronic Industries, Ltd. 6,344 32,218 Energix-Renewable Energies, Ltd. 195,149 159,344 * Equital, Ltd. 815 19,361 #* Evogene, Ltd. 33,343 163,074 First International Bank Of Israel, Ltd. 178,549 3,258,841 FMS Enterprises Migun, Ltd. 9,722 360,974 Formula Systems 1985, Ltd. 45,596 1,672,546 Fox Wizel, Ltd. 27,761 575,909 Frutarom Industries, Ltd. 58,434 4,143,114 * Gilat Satellite Networks, Ltd. 71,717 392,295 * Hadera Paper, Ltd. 4,642 283,682 Hamlet Israel-Canada, Ltd. 10,466 151,386 Harel Insurance Investments & Financial Services, Ltd. 544,603 3,238,462 Hilan, Ltd. 35,372 642,065 IDI Insurance Co., Ltd. 13,422 765,368 #* Industrial Buildings Corp., Ltd. 163,741 221,875 # Inrom Construction Industries, Ltd. 75,867 350,464 Israel Chemicals, Ltd. 776,894 3,702,128 #* Israel Discount Bank, Ltd. Class A 1,936,348 4,991,692 Israel Land Development Co., Ltd. (The) 7,214 67,345 Issta Lines, Ltd. 1,051 23,350 * Jerusalem Oil Exploration 48,258 2,560,592 * Kamada, Ltd. 34,720 156,365 * Kenon Holdings, Ltd. 32,019 445,651 Kerur Holdings, Ltd. 12,299 347,459 Klil Industries, Ltd. 2,549 285,331 Magic Software Enterprises, Ltd. 10,713 85,043 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ ISRAEL -- (Continued) Matrix IT, Ltd. 120,111 $ 1,234,422 Maytronics, Ltd. 111,237 397,509 #* Mazor Robotics, Ltd. 29,389 587,387 #* Mazor Robotics, Ltd. Sponsored ADR 6,362 254,353 Mega Or Holdings, Ltd. 1,704 17,585 Meitav Dash Investments, Ltd. 28,777 114,450 Melisron, Ltd. 43,597 2,222,411 Menora Mivtachim Holdings, Ltd. 86,945 1,053,933 Migdal Insurance & Financial Holding, Ltd. 1,407,182 1,443,470 Mivtach Shamir Holdings, Ltd. 14,882 308,640 Mizrahi Tefahot Bank, Ltd. 534,321 9,655,134 * Naphtha Israel Petroleum Corp., Ltd. 157,469 1,072,730 # Nawi Brothers, Ltd. 11,044 72,155 Neto ME Holdings, Ltd. 2,537 247,940 # NIice, Ltd. Sponsored ADR 42,401 3,165,659 * Nova Measuring Instruments, Ltd. 35,699 840,284 Oil Refineries, Ltd. 4,945,729 2,299,743 #* Partner Communications Co., Ltd. 385,490 1,953,380 * Partner Communications Co., Ltd. ADR 11,519 56,328 Paz Oil Co., Ltd. 17,045 2,845,692 * Phoenix Holdings, Ltd. (The) 237,513 1,010,349 Plasson Industries, Ltd. 3,254 119,700 Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. 21,022 1,001,023 * Redhill Biopharma, Ltd. Sponsored ADR 1,200 11,796 Scope Metals Group, Ltd. 27,306 763,873 # Shapir Engineering and Industry, Ltd. 194,897 650,962 # Shikun & Binui, Ltd. 1,218,804 2,802,602 Shufersal, Ltd. 325,186 1,766,856 Strauss Group, Ltd. 75,913 1,453,742 Summit Real Estate Holdings, Ltd. 23,075 151,404 * Suny Cellular Communication, Ltd. 144,755 107,895 Tadiran Holdings, Ltd. 7,948 214,382 Teva Pharmaceutical Industries, Ltd. 264 8,519 Teva Pharmaceutical Industries, Ltd. Sponsored ADR 518,134 16,668,371 * Tower Semiconductor, Ltd.(6320605) 22,626 601,775 #* Tower Semiconductor, Ltd.(M87915274) 165,162 4,318,986 #* Union Bank of Israel 90,957 467,820 ------------ TOTAL ISRAEL 161,355,505 ------------ ITALY -- (2.8%) A2A SpA 5,792,726 9,854,122 ACEA SpA 206,442 3,099,008 #* Aeffe SpA 68,280 144,750 Amplifon SpA 259,400 3,718,191 Anima Holding SpA 1,076,743 8,738,333 #* Ansaldo STS SpA 198,730 2,727,263 * Arnoldo Mondadori Editore SpA 630,439 1,313,256 Ascopiave SpA 311,680 1,277,197 # Assicurazioni Generali SpA 2,476,453 44,918,412 # Astaldi SpA 232,773 1,546,173 Atlantia SpA 285,393 8,681,468 Autogrill SpA 350,222 4,158,225 # Azimut Holding SpA 299,193 6,703,517 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ITALY -- (Continued) #* Banca Carige SpA 595,570 $ 178,779 # Banca Finnat Euramerica SpA 202,150 91,608 Banca Generali SpA 150,988 5,356,098 Banca IFIS SpA 124,246 5,830,935 Banca Mediolanum SpA 875,178 7,652,416 #* Banca Monte dei Paschi di Siena SpA 20,323 272,102 # Banca Popolare di Sondrio SCPA 1,380,726 6,025,014 # Banca Profilo SpA 708,896 179,001 Banca Sistema SpA 37,076 97,104 * Banco BPM SpA 4,646,526 16,923,604 Banco di Desio e della Brianza SpA 33,828 99,705 # BasicNet SpA 90,710 424,087 # BE 292,959 298,018 Biesse SpA 74,766 2,849,253 BPER Banca 2,331,282 12,806,981 Brembo SpA 398,710 6,131,167 Brunello Cucinelli SpA 49,041 1,440,600 # Buzzi Unicem SpA 319,162 8,083,220 # Cairo Communication SpA 129,240 601,920 * Carraro SpA 43,543 155,633 Cembre SpA 7,988 198,230 Cementir Holding SpA 227,374 1,619,689 Cerved Information Solutions SpA 309,965 3,554,886 CIR-Compagnie Industriali Riunite SpA 1,511,939 2,250,076 # CNH Industrial NV 1,464,786 16,967,255 Credito Emiliano SpA 344,044 2,967,621 #* Credito Valtellinese SpA 460,677 2,233,115 #* d'Amico International Shipping SA 512,424 159,261 Danieli & C Officine Meccaniche SpA 47,932 1,234,689 Datalogic SpA 39,244 1,204,930 Davide Campari-Milano SpA 1,408,398 10,411,402 De' Longhi SpA 96,070 3,159,533 DeA Capital SpA 273,651 406,458 DiaSorin SpA 46,309 4,038,973 Digital Bros SpA 6,293 98,997 Ei Towers SpA 77,912 4,766,367 El.En. SpA 33,342 977,315 * Elica SpA 6,214 13,138 Emak SpA 45,438 84,943 # Enel SpA 3,370,856 19,228,360 Eni SpA 2,230,601 35,317,417 # Eni SpA Sponsored ADR 214,005 6,758,278 ePrice SpA 21,483 94,414 ERG SpA 205,538 2,937,035 Esprinet SpA 121,999 942,347 #* Eurotech SpA 93,990 144,783 Falck Renewables SpA 830,810 1,247,399 Ferrari NV(BD6G507) 159,399 16,773,512 # Ferrari NV(N3167Y103) 890 93,619 * Fiat Chrysler Automobiles NV(N31738102) 429,750 5,195,678 * Fiat Chrysler Automobiles NV(BRJFWP3) 2,878,006 34,704,016 Fila SpA 17,924 395,627 * Fincantieri SpA 984,784 1,163,559 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ITALY -- (Continued) FinecoBank Banca Fineco SpA 648,004 $ 5,679,324 FNM SpA 405,320 257,724 * GEDI Gruppo Editoriale SpA 805,595 747,766 # Geox SpA 272,993 1,083,404 Gruppo MutuiOnline SpA 43,996 703,088 Hera SpA 2,246,002 7,262,652 * IMMSI SpA 773,083 419,073 Industria Macchine Automatiche SpA 39,756 3,940,661 Infrastrutture Wireless Italiane SpA 163,803 1,057,772 #* Intek Group SpA 1,101,521 388,753 Interpump Group SpA 276,527 8,413,682 Intesa Sanpaolo SpA 7,492,633 25,792,847 Iren SpA 1,428,579 3,635,369 Italgas SpA 976,976 5,378,987 Italmobiliare SpA 19,325 549,013 #* Juventus Football Club SpA 1,300,612 914,573 La Doria SpA 42,311 513,599 Leonardo SpA 877,251 15,287,261 Luxottica Group SpA 70,933 4,094,902 # Maire Tecnimont SpA 328,029 1,840,317 # MARR SpA 74,084 1,899,543 #* Mediaset SpA 3,331,187 13,021,811 Mediobanca SpA 1,415,105 14,764,660 Moncler SpA 363,132 9,751,662 Mondo TV SpA 18,402 87,428 Nice SpA 26,142 111,368 OVS SpA 186,125 1,407,944 Panariagroup Industrie Ceramiche SpA 21,253 141,118 Parmalat SpA 940,062 3,406,661 # Piaggio & C SpA 1,049,034 2,912,249 Poste Italiane SpA 568,179 4,182,503 #* Prelios SpA 159,284 21,122 Prima Industrie SpA 19,623 611,549 Prysmian SpA 395,387 12,646,810 RAI Way SpA 8,464 46,578 Recordati SpA 171,017 7,299,952 Reno de Medici SpA 482,213 244,096 Reply SpA 8,578 1,813,571 #* Retelit SpA 487,600 748,566 * Rizzoli Corriere Della Sera Mediagroup SpA 15,805 22,698 Sabaf SpA 9,076 163,789 SAES Getters SpA 49,829 1,046,454 * Safilo Group SpA 190,246 1,458,659 #* Saipem SpA 2,229,489 9,147,990 # Salini Impregilo SpA 970,107 3,407,701 # Salvatore Ferragamo SpA 162,850 4,720,416 Saras SpA 2,502,149 5,757,185 SAVE SpA 31,515 780,450 Servizi Italia SpA 3,824 19,742 Sesa SpA 7,779 227,001 #* Snaitech SpA 412,090 797,392 Snam SpA 1,671,563 7,908,616 Societa Cattolica di Assicurazioni SCRL 617,519 5,339,928 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ ITALY -- (Continued) Societa Iniziative Autostradali e Servizi SpA 276,084 $ 3,798,892 #* Sogefi SpA 266,251 1,350,504 SOL SpA 64,001 776,777 Tamburi Investment Partners SpA 144,413 969,264 * Telecom Italia SpA 27,029,682 27,808,411 * Telecom Italia SpA Sponsored ADR 331,845 3,451,188 # Tenaris SA 133,475 2,111,907 # Tenaris SA ADR 10,207 321,929 # Terna Rete Elettrica Nazionale SpA 1,707,629 9,755,271 #* Tiscali SpA 6,190,063 296,424 # Tod's SpA 57,604 4,001,901 #* Trevi Finanziaria Industriale SpA 461,725 393,101 TXT e-solutions SpA 11,789 168,055 * UniCredit SpA 1,645,570 32,341,933 # Unione di Banche Italiane SpA 4,482,321 21,654,419 Unipol Gruppo Finanziario SpA 2,092,867 9,798,143 # UnipolSai Assicurazioni SpA 3,387,200 7,830,457 Vittoria Assicurazioni SpA 103,051 1,444,243 #* Yoox Net-A-Porter Group SpA 114,167 3,781,484 Zignago Vetro SpA 60,936 542,197 ------------ TOTAL ITALY 690,194,561 ------------ JAPAN -- (22.4%) NJS Co., Ltd. 9,000 110,293 77 Bank, Ltd. (The) 1,563,372 8,060,154 A&A Material Corp. 42,000 47,615 A&D Co., Ltd. 55,300 229,783 ABC-Mart, Inc. 27,500 1,568,078 Abist Co., Ltd. 600 24,120 #* Access Co., Ltd. 85,300 680,837 Accretive Co., Ltd. 69,600 235,419 Achilles Corp. 58,300 1,027,029 #* Acom Co., Ltd. 108,700 462,916 # AD Works Co., Ltd. 316,900 135,076 # Ad-sol Nissin Corp. 2,300 24,290 Adastria Co., Ltd. 108,100 2,700,443 ADEKA Corp. 344,400 5,286,948 # Adtec Plasma Technology Co., Ltd. 6,200 108,651 Advan Co., Ltd. 55,100 498,253 Advanex, Inc. 6,800 116,030 # Advantest Corp. 224,100 4,101,145 # Adventure, Inc. 1,100 100,740 Aeon Co., Ltd. 1,682,969 25,358,969 Aeon Delight Co., Ltd. 83,300 2,782,720 Aeon Fantasy Co., Ltd. 39,600 1,219,598 # AEON Financial Service Co., Ltd. 307,600 6,694,955 # Aeon Hokkaido Corp. 88,600 497,392 Aeon Mall Co., Ltd. 144,120 2,744,918 * AGORA Hospitality Group Co., Ltd. 41,000 13,377 # Agro-Kanesho Co., Ltd. 31,200 426,386 Ahresty Corp. 87,000 885,769 # Ai Holdings Corp. 79,200 2,182,119 Aica Kogyo Co., Ltd. 123,800 3,972,793 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Aichi Bank, Ltd. (The) 31,600 $ 1,757,934 Aichi Corp. 103,700 734,961 Aichi Steel Corp. 48,400 2,025,609 # Aichi Tokei Denki Co., Ltd. 7,000 240,340 Aida Engineering, Ltd. 196,200 1,984,459 Ain Holdings, Inc. 60,100 4,331,520 Aiphone Co., Ltd. 27,700 489,047 Air Water, Inc. 556,300 10,770,601 Airport Facilities Co., Ltd. 81,800 444,941 Aisan Industry Co., Ltd. 144,300 1,288,823 # Aisan Technology Co., Ltd. 3,300 107,782 Aisin Seiki Co., Ltd. 389,782 20,264,369 AIT Corp. 10,400 101,596 Aizawa Securities Co., Ltd. 129,100 831,551 Ajinomoto Co., Inc. 429,000 8,628,374 Ajis Co., Ltd. 11,500 232,912 #* Akatsuki, Inc. 8,000 719,816 * Akebono Brake Industry Co., Ltd. 574,930 1,901,657 Akita Bank, Ltd. (The) 617,000 1,782,910 Albis Co., Ltd. 8,300 346,518 Alconix Corp. 43,200 854,312 Alfresa Holdings Corp. 266,900 4,912,064 Alinco, Inc. 46,400 518,726 #* Allied Architects, Inc. 9,000 111,672 # Alpen Co., Ltd. 79,000 1,443,890 # Alpha Corp. 17,900 397,574 Alpha Systems, Inc. 13,420 260,829 Alpine Electronics, Inc. 197,800 3,606,307 # Alps Electric Co., Ltd. 275,800 7,499,893 Alps Logistics Co., Ltd. 24,800 178,915 Altech Corp. 18,600 620,337 Amada Holdings Co., Ltd. 503,100 5,745,959 Amano Corp. 205,600 4,679,084 Amiyaki Tei Co., Ltd. 17,400 664,350 Amuse, Inc. 50,800 1,397,926 ANA Holdings, Inc. 551,000 1,891,671 Anest Iwata Corp. 82,700 770,423 # Anicom Holdings, Inc. 32,400 820,159 Anritsu Corp. 241,500 1,945,750 AOI Electronic Co., Ltd. 7,600 309,527 AOI TYO Holdings, Inc. 47,310 490,363 AOKI Holdings, Inc. 183,900 2,380,414 Aomori Bank, Ltd. (The) 670,000 2,343,898 Aoyama Trading Co., Ltd. 197,100 6,870,353 # Aoyama Zaisan Networks Co., Ltd. 24,800 214,579 Aozora Bank, Ltd. 1,643,000 6,314,129 # Apamanshop Holdings Co., Ltd. 22,000 158,386 * Apic Yamada Corp. 20,200 95,645 Arakawa Chemical Industries, Ltd. 66,400 1,166,603 # Arata Corp. 16,300 576,351 # Araya Industrial Co., Ltd. 113,000 202,802 Arcland Sakamoto Co., Ltd. 104,400 1,429,132 Arcland Service Holdings Co., Ltd. 36,000 626,365 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Arcs Co., Ltd. 123,673 $ 2,674,525 # Ardepro Co., Ltd. 394,000 506,800 Arealink Co., Ltd. 1,000 13,191 Argo Graphics, Inc. 14,300 349,360 Ariake Japan Co., Ltd. 25,200 1,806,628 Arisawa Manufacturing Co., Ltd. 147,500 1,255,742 #* Arrk Corp. 246,100 267,685 Artnature, Inc. 75,500 486,657 ArtSpark Holdings, Inc. 16,100 201,950 As One Corp. 26,290 1,313,291 Asahi Broadcasting Corp. 16,000 120,408 Asahi Co., Ltd. 65,400 786,478 Asahi Diamond Industrial Co., Ltd. 203,700 1,540,550 Asahi Glass Co., Ltd. 317,800 13,376,027 Asahi Group Holdings, Ltd. 153,100 6,240,546 Asahi Holdings, Inc. 120,800 2,270,088 Asahi Intecc Co., Ltd. 52,800 2,371,000 Asahi Kasei Corp. 2,623,000 29,954,486 Asahi Kogyosha Co., Ltd. 13,200 397,820 Asahi Net, Inc. 13,100 63,076 Asahi Yukizai Corp. 255,000 607,562 Asante, Inc. 12,600 219,238 Asanuma Corp. 313,000 958,753 Asatsu-DK, Inc. 85,500 2,191,633 Asax Co., Ltd. 2,200 33,660 * Ascot Corp. 10,700 33,845 # Ashimori Industry Co., Ltd. 203,000 647,077 Asia Pile Holdings Corp. 83,000 562,545 # Asics Corp. 192,100 3,491,924 ASKA Pharmaceutical Co., Ltd. 65,200 975,865 # ASKUL Corp. 47,500 1,455,649 Astellas Pharma, Inc. 760,500 9,685,367 # Asti Corp. 47,000 257,261 # Asukanet Co., Ltd. 3,200 47,069 Asunaro Aoki Construction Co., Ltd. 57,200 490,701 # Ateam, Inc. 27,300 699,535 # Atom Corp. 195,400 1,396,519 Atsugi Co., Ltd. 723,000 806,813 Autobacs Seven Co., Ltd. 182,000 3,032,476 Aval Data Corp. 4,900 66,920 Avex Group Holdings, Inc. 158,400 2,082,968 Awa Bank, Ltd. (The) 740,000 4,860,103 Axell Corp. 25,600 173,127 Axial Retailing, Inc. 49,800 1,952,842 Azbil Corp. 130,700 5,162,883 Bandai Namco Holdings, Inc. 159,200 5,534,323 Bando Chemical Industries, Ltd. 133,100 1,361,852 Bank of Iwate, Ltd. (The) 65,500 2,549,553 Bank of Kochi, Ltd. (The) 125,000 142,738 Bank of Kyoto, Ltd. (The) 802,000 7,687,265 # Bank of Nagoya, Ltd. (The) 65,099 2,394,742 Bank of Okinawa, Ltd. (The) 84,740 3,345,754 Bank of Saga, Ltd. (The) 547,000 1,293,800 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Bank of the Ryukyus, Ltd. 102,300 $ 1,460,203 Beenos, Inc. 7,800 103,394 Belc Co., Ltd. 44,638 2,027,613 Bell System24 Holdings, Inc. 118,400 1,329,552 Belluna Co., Ltd. 195,500 2,248,115 Benefit One, Inc. 43,800 1,778,680 Benesse Holdings, Inc. 147,200 5,633,615 Bic Camera, Inc. 423,300 4,912,949 BML, Inc. 103,100 2,121,037 # Bookoff Corp. 35,600 260,937 BP Castrol K.K. 20,200 337,851 Bridgestone Corp. 770,500 32,416,085 # Broadband Tower, Inc. 168,000 407,090 Broadleaf Co., Ltd. 151,800 1,019,962 #* Broadmedia Corp. 121,300 140,823 # BRONCO BILLY Co., Ltd. 19,700 484,880 Brother Industries, Ltd. 659,600 16,829,345 Bunka Shutter Co., Ltd. 187,100 1,609,690 C Uyemura & Co., Ltd. 3,700 212,277 CAC Holdings Corp. 48,400 459,960 # Calbee, Inc. 51,900 2,151,667 Can Do Co., Ltd. 26,800 414,740 Canare Electric Co., Ltd. 1,300 29,299 Canon Electronics, Inc. 76,900 1,497,333 Canon Marketing Japan, Inc. 127,900 2,825,131 Canon, Inc. 369,334 12,849,437 # Canon, Inc. Sponsored ADR 57,577 2,011,165 Capcom Co., Ltd. 143,000 3,542,134 Career Design Center Co., Ltd. 10,200 126,989 Carlit Holdings Co., Ltd. 55,100 320,320 Casio Computer Co., Ltd. 443,600 7,266,347 Cawachi, Ltd. 70,600 1,742,486 Central Automotive Products, Ltd. 5,100 71,974 Central Glass Co., Ltd. 825,000 3,619,657 Central Japan Railway Co. 33,300 5,358,867 # Central Security Patrols Co., Ltd. 23,500 431,924 Central Sports Co., Ltd. 19,400 823,536 # Ceres, Inc. 7,900 105,612 Chiba Bank, Ltd. (The) 1,063,000 7,626,442 Chiba Kogyo Bank, Ltd. (The) 188,700 973,118 Chilled & Frozen Logistics Holdings Co., Ltd. 2,400 28,559 CHIMNEY Co., Ltd. 9,000 229,546 Chino Corp. 13,300 150,744 Chiyoda Co., Ltd. 52,400 1,365,273 # Chiyoda Corp. 571,000 3,429,505 Chiyoda Integre Co., Ltd. 46,300 994,376 Chofu Seisakusho Co., Ltd. 83,100 2,032,490 Chori Co., Ltd. 34,900 646,772 Chubu Electric Power Co., Inc. 308,900 4,058,933 Chubu Shiryo Co., Ltd. 89,500 1,290,899 Chudenko Corp. 135,100 3,614,882 Chuetsu Pulp & Paper Co., Ltd. 344,000 717,269 * Chugai Mining Co., Ltd. 259,700 75,374 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Chugai Pharmaceutical Co., Ltd. 20,800 $ 834,165 Chugai Ro Co., Ltd. 183,000 363,378 Chugoku Bank, Ltd. (The) 432,400 6,267,721 Chugoku Electric Power Co., Inc. (The) 133,500 1,463,553 Chugoku Marine Paints, Ltd. 249,700 1,940,166 Chukyo Bank, Ltd. (The) 44,500 936,733 Chuo Gyorui Co., Ltd. 38,000 99,608 Chuo Spring Co., Ltd. 60,000 198,411 CI Takiron Corp. 155,000 844,222 # Ci:z Holdings Co., Ltd. 71,800 2,582,008 Citizen Watch Co., Ltd. 847,950 6,304,654 CKD Corp. 163,600 2,741,020 Clarion Co., Ltd. 558,000 2,111,702 Cleanup Corp. 83,200 669,864 # CMIC Holdings Co., Ltd. 47,600 661,128 CMK Corp. 228,800 2,045,431 Coca-Cola Bottlers Japan, Inc. 240,952 7,267,569 Coco's Japan Co., Ltd. 800 15,602 Cocokara fine, Inc. 59,820 3,126,005 # COLOPL, Inc. 274,700 3,080,723 # Colowide Co., Ltd. 144,800 2,514,104 Computer Engineering & Consulting, Ltd. 49,200 954,278 Computer Institute of Japan, Ltd. 9,700 49,565 COMSYS Holdings Corp. 232,000 4,752,874 Comture Corp. 8,400 384,775 Concordia Financial Group, Ltd. 2,436,187 12,284,949 CONEXIO Corp. 57,200 942,085 # COOKPAD, Inc. 109,300 936,055 Core Corp. 3,000 43,351 Corona Corp. 56,200 589,545 Cosel Co., Ltd. 35,500 436,546 Cosmo Energy Holdings Co., Ltd. 290,400 5,031,863 Cosmos Initia Co., Ltd. 17,500 70,285 Cosmos Pharmaceutical Corp. 10,600 2,256,678 # CRE, Inc. 10,500 146,334 Create Medic Co., Ltd. 3,500 31,338 # Create Restaurants Holdings, Inc. 113,500 1,159,955 Create SD Holdings Co., Ltd. 60,600 1,533,340 Credit Saison Co., Ltd. 380,000 7,319,362 Creek & River Co., Ltd. 10,400 128,467 Cresco, Ltd. 34,200 1,119,768 # CROOZ, Inc. 19,800 515,397 CTI Engineering Co., Ltd. 42,000 419,758 CTS Co., Ltd. 12,000 78,778 CyberAgent, Inc. 115,600 3,570,315 #* CYBERDYNE, Inc. 19,300 262,614 # Cybernet Systems Co., Ltd. 47,600 306,680 Cybozu, Inc. 3,300 15,093 D.A. Consortium Holdings, Inc. 85,400 1,113,810 Dai Nippon Printing Co., Ltd. 810,000 8,934,414 Dai Nippon Toryo Co., Ltd. 518,000 1,441,298 Dai-Dan Co., Ltd. 64,000 876,063 Dai-ichi Life Holdings, Inc. 1,034,100 17,863,030 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Dai-ichi Seiko Co., Ltd. 38,200 $ 852,610 Daibiru Corp. 224,000 2,524,202 Daicel Corp. 653,300 8,491,664 Daido Kogyo Co., Ltd. 107,000 326,761 Daido Metal Co., Ltd. 165,100 1,479,811 Daido Steel Co., Ltd. 1,312,000 7,984,423 # Daidoh, Ltd. 71,000 284,657 Daifuku Co., Ltd. 194,300 6,710,335 # Daihatsu Diesel Manufacturing Co., Ltd. 54,300 351,637 Daihen Corp. 286,000 2,549,641 Daiho Corp. 328,000 1,585,117 Daiichi Jitsugyo Co., Ltd. 166,000 963,209 Daiichi Kigenso Kagaku-Kogyo Co., Ltd. 79,400 958,024 Daiichi Sankyo Co., Ltd. 328,300 7,159,914 Daiichikosho Co., Ltd. 84,800 4,084,185 Daiken Corp. 45,600 1,117,189 # Daiken Medical Co., Ltd. 32,300 231,032 Daiki Aluminium Industry Co., Ltd. 124,000 761,834 Daikin Industries, Ltd. 60,100 6,362,985 Daikoku Denki Co., Ltd. 39,600 615,529 Daikokutenbussan Co., Ltd. 21,100 1,046,331 #* Daikokuya Holdings Co., Ltd. 211,200 158,862 Daikyo, Inc. 1,243,392 2,604,411 Daikyonishikawa Corp. 184,500 2,755,638 Dainichi Co., Ltd. 17,500 130,365 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 282,000 2,357,171 # Daio Paper Corp. 354,600 4,604,531 Daisan Bank, Ltd. (The) 51,000 793,037 Daiseki Co., Ltd. 70,325 1,670,221 Daiseki Eco. Solution Co., Ltd. 14,600 189,258 Daishi Bank, Ltd. (The) 1,104,000 5,059,503 Daishinku Corp. 36,400 613,659 Daisue Construction Co., Ltd. 24,400 230,030 Daisyo Corp. 23,700 385,616 Daito Bank, Ltd. (The) 282,000 429,323 # Daito Pharmaceutical Co., Ltd. 56,600 1,510,197 Daito Trust Construction Co., Ltd. 46,800 7,910,293 Daitron Co., Ltd. 21,000 298,377 Daiwa House Industry Co., Ltd. 345,600 12,055,004 Daiwa Industries, Ltd. 108,200 1,233,989 Daiwa Securities Group, Inc. 2,461,000 14,173,652 Daiwabo Holdings Co., Ltd. 869,000 3,419,852 DCM Holdings Co., Ltd. 469,480 4,088,402 Dena Co., Ltd. 246,800 5,421,974 Denka Co., Ltd. 1,805,000 10,024,296 Denki Kogyo Co., Ltd. 193,000 991,320 Densan System Co., Ltd. 8,400 137,869 Denso Corp. 266,300 12,789,164 Dentsu, Inc. 84,600 3,955,702 Denyo Co., Ltd. 56,600 995,189 Descente, Ltd. 129,200 1,877,215 # Designone Japan, Inc. 3,500 45,361 Dexerials Corp. 138,700 1,676,207 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) DIC Corp. 385,300 $14,532,904 Digital Arts, Inc. 24,400 832,211 # Digital Garage, Inc. 32,300 613,669 Dip Corp. 92,700 1,955,575 Disco Corp. 34,600 6,132,301 DKS Co., Ltd. 195,000 942,057 DMG Mori Co., Ltd. 556,300 9,228,245 DMW Corp. 900 15,635 Don Quijote Holdings Co., Ltd. 93,800 3,406,704 Doshisha Co., Ltd. 63,300 1,275,209 Doutor Nichires Holdings Co., Ltd. 101,623 2,245,956 Dowa Holdings Co., Ltd. 1,096,500 8,852,432 Dream Incubator, Inc. 7,700 151,301 * Drecom Co., Ltd. 19,900 263,407 # DSB Co., Ltd. 42,900 250,076 DTS Corp. 85,400 2,607,007 Dunlop Sports Co., Ltd. 42,300 431,507 Duskin Co., Ltd. 172,000 4,669,258 Dvx, Inc. 10,700 122,153 # DyDo Group Holdings, Inc. 33,300 1,651,548 Dynic Corp. 14,000 25,024 # E-Guardian, Inc. 14,800 309,482 Eagle Industry Co., Ltd. 111,600 1,942,315 Earth Chemical Co., Ltd. 26,800 1,486,768 East Japan Railway Co. 76,500 7,174,346 Ebara Corp. 288,400 8,436,854 Ebara Jitsugyo Co., Ltd. 21,400 303,605 Eco's Co., Ltd. 13,800 139,567 # EDION Corp. 317,600 2,926,230 EF-ON, Inc. 50,600 457,038 eGuarantee, Inc. 17,400 409,285 # Ehime Bank, Ltd. (The) 113,998 1,440,553 Eidai Co., Ltd. 52,000 245,596 Eighteenth Bank, Ltd. (The) 457,000 1,216,364 Eiken Chemical Co., Ltd. 40,800 1,350,862 # Eisai Co., Ltd. 33,500 1,795,316 Eizo Corp. 66,900 2,682,259 Elecom Co., Ltd. 57,000 1,230,024 Electric Power Development Co., Ltd. 67,800 1,717,889 Elematec Corp. 30,403 551,528 EM Systems Co., Ltd. 20,100 465,275 en-japan, Inc. 58,400 1,674,511 Endo Lighting Corp. 43,200 488,718 #* Eneres Co., Ltd. 53,200 244,014 #* Enigmo, Inc. 27,400 410,764 Enplas Corp. 45,100 1,856,032 #* Enshu, Ltd. 100,000 131,441 EPS Holdings, Inc. 147,000 2,410,853 # eRex Co., Ltd. 70,500 620,778 # ES-Con Japan, Ltd. 179,800 864,061 ESCRIT, Inc. 24,500 167,013 * Escrow Agent Japan Co., Ltd. 1,800 52,783 ESPEC Corp. 97,100 1,658,750 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Excel Co., Ltd. 31,900 $ 415,382 Exedy Corp. 129,600 4,056,085 Ezaki Glico Co., Ltd. 53,800 2,828,835 F-Tech, Inc. 35,700 493,958 F@N Communications, Inc. 114,100 1,044,750 # Faith, Inc. 11,480 125,799 Falco Holdings Co., Ltd. 21,700 303,692 # FamilyMart UNY Holdings Co., Ltd. 151,012 8,457,656 Fancl Corp. 59,700 1,284,863 FANUC Corp. 24,300 4,968,250 Fast Retailing Co., Ltd. 11,900 3,570,583 FCC Co., Ltd. 148,000 3,236,425 #* FDK Corp. 232,000 310,377 Feed One Co., Ltd. 549,820 1,206,906 * Felissimo Corp. 1,200 13,290 Ferrotec Holdings Corp. 156,900 2,328,235 #* FFRI, Inc. 4,200 189,041 FIDEA Holdings Co., Ltd. 705,000 1,155,882 # Fields Corp. 65,800 699,138 Financial Products Group Co., Ltd. 199,800 2,261,611 # FINDEX, Inc. 35,500 302,516 * First Baking Co., Ltd. 1,200 13,389 First Juken Co., Ltd. 14,900 213,950 # Fixstars Corp. 4,200 138,462 FJ Next Co., Ltd. 69,700 561,219 #* Flight Holdings, Inc. 23,800 204,609 Foster Electric Co., Ltd. 94,800 1,861,414 FP Corp. 88,300 4,830,741 France Bed Holdings Co., Ltd. 67,000 610,130 # Freebit Co., Ltd. 55,500 449,335 # Freund Corp. 32,500 465,696 FTGroup Co., Ltd. 48,500 434,235 Fudo Tetra Corp. 782,700 1,292,132 #* FueTrek Co., Ltd. 7,000 59,092 Fuji Co., Ltd. 54,100 1,346,850 # Fuji Corp. 5,400 99,702 Fuji Corp., Ltd. 97,800 663,295 Fuji Electric Co., Ltd. 1,410,000 7,763,126 Fuji Furukawa Engineering & Construction Co., Ltd. 10,000 34,266 Fuji Kiko Co., Ltd. 76,000 506,397 Fuji Kosan Co., Ltd. 11,000 58,627 # Fuji Kyuko Co., Ltd. 114,000 1,199,993 Fuji Machine Manufacturing Co., Ltd. 242,600 3,947,056 Fuji Media Holdings, Inc. 119,300 1,723,687 Fuji Oil Co., Ltd. 249,700 761,025 Fuji Oil Holdings, Inc. 267,000 6,308,389 Fuji Pharma Co., Ltd. 23,000 786,454 Fuji Seal International, Inc. 179,800 5,045,530 Fuji Soft, Inc. 92,600 2,657,455 Fujibo Holdings, Inc. 52,200 1,583,794 Fujicco Co., Ltd. 49,100 1,190,183 FUJIFILM Holdings Corp. 270,175 9,931,188 Fujikura Kasei Co., Ltd. 89,400 525,599 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Fujikura Rubber, Ltd. 72,100 $ 456,918 Fujikura, Ltd. 1,245,600 10,487,026 Fujimi, Inc. 56,800 1,281,833 Fujimori Kogyo Co., Ltd. 61,600 1,835,204 Fujio Food System Co., Ltd. 8,200 130,754 # Fujisash Co., Ltd. 427,500 440,924 Fujishoji Co., Ltd. 28,600 314,284 # Fujita Kanko, Inc. 28,899 1,045,339 Fujitec Co., Ltd. 177,500 2,448,630 Fujitsu Frontech, Ltd. 51,600 982,767 Fujitsu General, Ltd. 187,000 3,947,251 Fujitsu, Ltd. 3,467,292 25,819,979 Fujiya Co., Ltd. 27,800 624,173 FuKoKu Co., Ltd. 27,800 263,609 Fukuda Corp. 16,800 770,588 Fukuda Denshi Co., Ltd. 5,300 393,986 Fukui Bank, Ltd. (The) 845,000 2,059,262 Fukui Computer Holdings, Inc. 15,700 572,616 Fukuoka Financial Group, Inc. 1,661,600 7,660,527 Fukushima Bank, Ltd. (The) 833,000 656,714 Fukushima Industries Corp. 62,200 2,582,716 Fukuyama Transporting Co., Ltd. 600,000 3,832,201 #* Full Speed, Inc. 8,100 79,282 FULLCAST Holdings Co., Ltd. 53,900 678,482 # Fumakilla, Ltd. 42,000 449,569 # Funai Electric Co., Ltd. 85,400 774,193 Funai Soken Holdings, Inc. 51,680 1,346,368 # Furukawa Battery Co., Ltd. (The) 72,000 601,654 Furukawa Co., Ltd. 971,000 1,801,445 Furukawa Electric Co., Ltd. 265,607 11,986,559 Furuno Electric Co., Ltd. 98,400 589,326 Furusato Industries, Ltd. 26,300 418,644 Furuya Metal Co., Ltd. 6,800 167,095 Furyu Corp. 15,000 172,688 Fuso Chemical Co., Ltd. 53,700 1,789,014 Fuso Pharmaceutical Industries, Ltd. 29,899 752,607 Futaba Corp. 161,400 2,960,017 Futaba Industrial Co., Ltd. 308,200 3,193,292 Future Corp. 99,500 804,798 Fuyo General Lease Co., Ltd. 74,000 4,338,356 G-7 Holdings, Inc. 27,200 572,120 G-Tekt Corp. 79,200 1,532,774 Gakken Holdings Co., Ltd. 21,100 627,462 Gakkyusha Co., Ltd. 10,000 146,437 # GCA Corp. 57,000 505,749 Gecoss Corp. 61,900 701,142 Genki Sushi Co., Ltd. 9,100 199,579 # Genky Stores, Inc. 32,000 1,192,776 Geo Holdings Corp. 155,200 1,696,867 Geostr Corp. 3,400 29,169 Gfoot Co., Ltd. 14,000 103,396 # Giken, Ltd. 22,500 600,513 GL Sciences, Inc. 2,800 34,175 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # GLOBERIDE, Inc. 43,599 $ 754,694 Glory, Ltd. 153,500 5,111,593 # GMO Click Holdings, Inc. 15,300 106,409 # GMO Cloud K.K. 2,900 104,828 # GMO internet, Inc. 209,400 2,700,492 # GMO Payment Gateway, Inc. 33,700 1,987,856 # Godo Steel, Ltd. 51,400 979,339 # Gokurakuyu Holdings Co., Ltd. 31,500 230,086 Goldcrest Co., Ltd. 82,230 1,831,724 # Goldwin, Inc. 3,700 232,834 # Golf Digest Online, Inc. 15,800 117,133 Gourmet Kineya Co., Ltd. 26,000 265,438 Grandy House Corp. 48,200 190,073 # Gree, Inc. 130,600 1,003,370 GS Yuasa Corp. 1,649,000 7,782,893 GSI Creos Corp. 178,000 237,234 # Gun-Ei Chemical Industry Co., Ltd. 18,500 615,269 # GungHo Online Entertainment, Inc. 608,800 1,644,899 Gunma Bank, Ltd. (The) 1,032,501 6,049,380 Gunze, Ltd. 615,000 2,373,209 Gurunavi, Inc. 61,200 1,001,133 H-One Co., Ltd. 70,200 805,009 H2O Retailing Corp. 329,260 5,387,715 HABA Laboratories, Inc. 2,800 94,021 Hachijuni Bank, Ltd. (The) 1,038,400 6,592,652 Hagihara Industries, Inc. 22,300 639,812 Hagiwara Electric Co., Ltd. 12,900 275,679 Hagoromo Foods Corp. 3,000 37,699 Hakudo Co., Ltd. 10,900 179,492 Hakuhodo DY Holdings, Inc. 307,400 4,314,285 Hakuto Co., Ltd. 61,400 827,969 Halows Co., Ltd. 9,600 207,464 # Hamakyorex Co., Ltd. 80,700 2,133,737 Hamamatsu Photonics K.K. 86,200 2,740,000 # Haneda Zenith Holdings Co., Ltd. 90,500 281,930 Hankyu Hanshin Holdings, Inc. 431,600 15,404,443 Hanwa Co., Ltd. 687,000 4,913,178 Happinet Corp. 71,700 1,293,544 # Harada Industry Co., Ltd. 15,100 107,939 Hard Off Corp. Co., Ltd. 27,800 288,248 Harima Chemicals Group, Inc. 34,200 332,355 # Harmonic Drive Systems, Inc. 29,200 1,261,301 Haruyama Holdings, Inc. 6,500 60,020 Haseko Corp. 847,100 10,606,230 Havix Corp. 6,500 64,954 # Hayashikane Sangyo Co., Ltd. 21,599 168,294 Hazama Ando Corp. 879,280 6,067,491 # Hearts United Group Co., Ltd. 29,300 458,455 Heiwa Corp. 213,200 4,690,274 Heiwa Real Estate Co., Ltd. 161,600 2,534,439 Heiwado Co., Ltd. 137,600 3,126,834 Helios Techno Holdings Co., Ltd. 38,000 271,479 HI-LEX Corp. 36,300 948,778 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Hibino Corp. 2,800 $ 57,520 Hibiya Engineering, Ltd. 74,800 1,367,766 Hiday Hidaka Corp. 42,030 1,121,858 Hikari Tsushin, Inc. 22,100 2,413,304 # Himaraya Co., Ltd. 6,000 48,075 Hino Motors, Ltd. 403,500 4,749,071 Hioki EE Corp. 18,600 376,638 Hirakawa Hewtech Corp. 31,000 424,372 Hiramatsu, Inc. 54,400 303,992 Hirano Tecseed Co., Ltd. 33,100 489,258 # Hirata Corp. 13,600 1,539,068 Hirose Electric Co., Ltd. 10,500 1,429,766 Hiroshima Bank, Ltd. (The) 1,272,000 5,437,487 Hiroshima Gas Co., Ltd. 51,400 164,976 HIS Co., Ltd. 186,476 5,733,544 Hisaka Works, Ltd. 67,200 602,876 Hisamitsu Pharmaceutical Co., Inc. 42,300 1,983,033 Hitachi Capital Corp. 263,500 6,268,555 Hitachi Chemical Co., Ltd. 240,700 6,843,041 Hitachi Construction Machinery Co., Ltd. 345,400 9,887,813 Hitachi High-Technologies Corp. 118,400 4,358,170 Hitachi Kokusai Electric, Inc. 73,700 1,899,945 Hitachi Maxell, Ltd. 139,000 3,075,705 Hitachi Metals, Ltd. 385,730 5,368,624 Hitachi Transport System, Ltd. 190,100 4,375,654 Hitachi Zosen Corp. 744,200 3,917,444 Hitachi, Ltd. 7,025,425 48,333,621 Hitachi, Ltd. ADR 86,823 5,998,601 Hito Communications, Inc. 18,500 292,381 Hochiki Corp. 69,400 1,193,180 Hodogaya Chemical Co., Ltd. 31,100 1,334,634 Hogy Medical Co., Ltd. 31,800 2,320,933 Hokkaido Electric Power Co., Inc. 455,400 3,429,629 Hokkaido Gas Co., Ltd. 128,000 319,308 Hokkan Holdings, Ltd. 121,000 465,118 Hokko Chemical Industry Co., Ltd. 62,700 341,869 Hokkoku Bank, Ltd. (The) 984,000 3,976,746 Hokuetsu Bank, Ltd. (The) 74,400 1,766,203 Hokuetsu Industries Co., Ltd. 77,900 677,695 Hokuetsu Kishu Paper Co., Ltd. 574,095 4,028,400 Hokuhoku Financial Group, Inc. 399,900 6,500,949 Hokuriku Electric Industry Co., Ltd. 241,000 356,136 # Hokuriku Electric Power Co. 382,700 3,543,191 # Hokuriku Electrical Construction Co., Ltd. 4,500 38,699 Hokuto Corp. 72,000 1,284,668 Honda Motor Co., Ltd. 2,103,600 58,883,649 # Honda Motor Co., Ltd. Sponsored ADR 404,561 11,335,799 Honda Tsushin Kogyo Co., Ltd. 7,400 116,229 Honeys Holdings Co., Ltd. 60,230 680,323 Hoosiers Holdings 114,000 1,143,091 Horiba, Ltd. 89,100 5,457,897 Hoshizaki Corp. 29,300 2,836,140 Hosiden Corp. 180,600 2,088,866 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Hosokawa Micron Corp. 27,600 $ 1,340,908 Hotland Co., Ltd. 22,800 304,056 House Foods Group, Inc. 170,000 4,388,445 # Howa Machinery, Ltd. 55,700 411,382 Hoya Corp. 117,500 6,625,462 Hulic Co., Ltd. 115,400 1,218,464 # Hurxley Corp. 3,300 33,980 Hyakugo Bank, Ltd. (The) 983,000 3,963,587 Hyakujushi Bank, Ltd. (The) 952,000 3,088,162 I K K, Inc. 14,600 109,807 I-Net Corp. 30,110 348,224 I-O Data Device, Inc. 26,900 298,301 Ibiden Co., Ltd. 472,705 8,203,567 IBJ Leasing Co., Ltd. 119,200 2,835,786 # IBJ, Inc. 41,800 269,296 Ichibanya Co., Ltd. 22,132 788,281 # Ichigo, Inc. 496,400 1,516,148 Ichiken Co., Ltd. 110,000 407,975 Ichikoh Industries, Ltd. 236,000 1,850,003 # Ichinen Holdings Co., Ltd. 71,272 836,048 Ichiyoshi Securities Co., Ltd. 97,100 870,618 Icom, Inc. 26,500 565,130 Idec Corp. 66,700 1,112,178 Idemitsu Kosan Co., Ltd. 251,600 6,106,709 # IDOM, Inc. 294,800 1,952,652 #* IGNIS, Ltd. 2,600 102,073 * IHI Corp. 3,756,000 12,379,572 # Iida Group Holdings Co., Ltd. 276,096 4,717,373 Iino Kaiun Kaisha, Ltd. 366,800 1,686,585 # IJT Technology Holdings Co., Ltd. 36,060 203,897 # Ikegami Tsushinki Co., Ltd. 301,000 436,336 # Imagica Robot Holdings, Inc. 45,000 285,425 Imasen Electric Industrial 63,900 715,448 Imperial Hotel, Ltd. 15,100 294,928 Inaba Denki Sangyo Co., Ltd. 69,500 2,737,434 # Inaba Seisakusho Co., Ltd. 34,500 426,541 Inabata & Co., Ltd. 178,700 2,511,928 Inageya Co., Ltd. 47,600 749,088 Ines Corp. 71,500 679,245 Infocom Corp. 57,800 1,414,089 Infomart Corp. 185,200 1,359,643 Information Development Co. 11,750 135,021 Information Services International-Dentsu, Ltd. 52,800 1,197,090 Innotech Corp. 76,000 517,709 Inpex Corp. 935,000 9,098,985 Intage Holdings, Inc. 48,900 999,381 # Inter Action Corp. 28,900 191,824 Internet Initiative Japan, Inc. 143,800 2,599,724 Inui Global Logistics Co., Ltd. 62,400 478,177 # Investors Cloud Co., Ltd. 4,000 204,990 Iriso Electronics Co., Ltd. 40,100 3,451,346 Ise Chemicals Corp. 18,000 80,563 Iseki & Co., Ltd. 90,500 1,882,348 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Isetan Mitsukoshi Holdings, Ltd. 511,740 $ 4,986,976 * Ishihara Sangyo Kaisha, Ltd. 152,300 1,668,419 Ishii Iron Works Co., Ltd. 2,900 44,448 # Ishizuka Glass Co., Ltd. 21,000 45,516 # Istyle, Inc. 87,500 582,545 Isuzu Motors, Ltd. 1,268,607 17,395,383 #* ITbook Co., Ltd. 14,000 68,664 Itfor, Inc. 73,400 413,584 # ITmedia, Inc. 5,500 36,081 Ito En, Ltd. 67,900 2,510,830 ITOCHU Corp. 831,700 13,042,308 Itochu Enex Co., Ltd. 228,700 2,057,986 Itochu Techno-Solutions Corp. 91,900 3,200,104 Itochu-Shokuhin Co., Ltd. 14,000 581,446 Itoham Yonekyu Holdings, Inc. 405,646 3,772,890 Itoki Corp. 171,800 1,395,556 #* Itokuro, Inc. 700 31,192 # Ivy Cosmetics Corp. 4,200 297,257 IwaiCosmo Holdings, Inc. 91,600 1,074,238 Iwaki & Co., Ltd. 89,000 330,679 Iwasaki Electric Co., Ltd. 292,000 564,571 # Iwatani Corp. 930,000 6,028,966 Iwatsu Electric Co., Ltd. 423,000 344,923 Iyo Bank, Ltd. (The) 765,157 6,247,550 Izumi Co., Ltd. 59,800 3,119,819 #* Izutsuya Co., Ltd. 20,399 82,698 J Front Retailing Co., Ltd. 635,800 9,087,050 # J Trust Co., Ltd. 284,800 2,270,265 J-Oil Mills, Inc. 44,900 1,567,067 JAC Recruitment Co., Ltd. 32,400 528,665 Jaccs Co., Ltd. 489,000 2,292,555 Jafco Co., Ltd. 141,500 6,766,964 # Jalux, Inc. 18,200 458,862 # Jamco Corp. 35,800 907,506 Janome Sewing Machine Co., Ltd. 79,199 645,363 Japan Airlines Co., Ltd. 215,200 6,952,988 Japan Airport Terminal Co., Ltd. 59,000 2,186,935 Japan Asia Group, Ltd. 85,000 330,778 * Japan Asia Investment Co., Ltd. 43,200 166,782 #* Japan Asset Marketing Co., Ltd. 540,400 636,675 Japan Aviation Electronics Industry, Ltd. 232,000 3,665,395 # Japan Cash Machine Co., Ltd. 16,100 173,746 #* Japan Display, Inc. 1,671,200 2,990,964 #* Japan Drilling Co., Ltd. 34,100 653,376 Japan Exchange Group, Inc. 352,600 6,328,221 Japan Foundation Engineering Co., Ltd. 87,000 307,713 Japan Lifeline Co., Ltd. 69,500 3,195,022 # Japan Material Co., Ltd. 48,200 943,329 Japan Medical Dynamic Marketing, Inc. 85,100 759,222 Japan Oil Transportation Co., Ltd. 200 4,988 Japan Petroleum Exploration Co., Ltd. 67,700 1,405,948 Japan Property Management Center Co., Ltd. 30,600 408,711 Japan Pulp & Paper Co., Ltd. 294,000 1,124,860 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Japan Radio Co., Ltd. 63,900 $ 825,122 Japan Securities Finance Co., Ltd. 357,500 1,794,717 Japan Steel Works, Ltd. (The) 294,600 4,865,384 Japan Tobacco, Inc. 271,500 9,434,388 Japan Transcity Corp. 113,000 437,033 Japan Wool Textile Co., Ltd. (The) 206,900 1,772,564 Jastec Co., Ltd. 25,400 301,287 JBCC Holdings, Inc. 44,600 375,594 JCU Corp. 38,400 1,409,083 Jeol, Ltd. 375,000 2,044,102 JFE Holdings, Inc. 881,108 16,995,252 JGC Corp. 306,900 4,916,264 #* JIG-SAW, Inc. 5,400 311,156 Jimoto Holdings, Inc. 206,400 368,535 JINS, Inc. 32,600 1,985,214 JK Holdings Co., Ltd. 28,200 178,947 JMS Co., Ltd. 54,000 161,113 Joban Kosan Co., Ltd. 9,699 159,304 Jolly - Pasta Co., Ltd. 1,000 14,724 Joshin Denki Co., Ltd. 104,000 1,463,238 Joyful Honda Co., Ltd. 32,500 898,852 # JP-Holdings, Inc. 140,200 359,799 JSP Corp. 50,800 1,605,213 JSR Corp. 343,400 6,051,398 JTEKT Corp. 522,200 7,432,854 Juki Corp. 136,799 2,069,373 # Juroku Bank, Ltd. (The) 1,159,000 3,674,318 Justsystems Corp. 62,100 955,859 JVC Kenwood Corp. 551,170 1,604,843 JXTG Holdings, Inc. 5,361,420 23,831,640 K&O Energy Group, Inc. 54,100 827,019 # K's Holdings Corp. 284,740 5,716,383 kabu.com Securities Co., Ltd. 461,600 1,497,486 Kabuki-Za Co., Ltd. 1,000 50,794 * Kadokawa Dwango 210,953 2,786,757 Kaga Electronics Co., Ltd. 74,500 1,643,316 Kagome Co., Ltd. 8,200 249,093 Kajima Corp. 1,807,000 15,756,391 # Kakaku.com, Inc. 202,300 2,858,255 Kaken Pharmaceutical Co., Ltd. 56,500 3,007,286 Kakiyasu Honten Co., Ltd. 3,600 64,107 Kameda Seika Co., Ltd. 43,700 2,183,553 Kamei Corp. 94,900 1,356,325 Kamigumi Co., Ltd. 594,000 6,365,953 Kanaden Corp. 43,600 464,085 Kanagawa Chuo Kotsu Co., Ltd. 58,000 383,022 Kanamoto Co., Ltd. 136,600 4,897,010 Kandenko Co., Ltd. 384,000 4,109,629 Kaneka Corp. 830,000 6,650,925 Kaneko Seeds Co., Ltd. 900 11,767 Kanematsu Corp. 1,741,000 3,804,655 Kanematsu Electronics, Ltd. 24,400 722,486 Kansai Electric Power Co., Inc. (The) 325,600 4,371,866 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Kansai Paint Co., Ltd. 152,900 $ 3,497,378 Kansai Super Market, Ltd. 1,500 20,205 Kansai Urban Banking Corp. 110,800 1,420,522 Kanto Denka Kogyo Co., Ltd. 248,000 2,261,695 Kao Corp. 126,800 7,720,157 * Kappa Create Co., Ltd. 24,800 288,299 Kasai Kogyo Co., Ltd. 123,300 1,605,022 Katakura & Co-op Agri Corp. 20,000 47,875 Katakura Industries Co., Ltd. 97,800 1,133,079 Kato Sangyo Co., Ltd. 89,600 2,413,404 Kato Works Co., Ltd. 35,226 1,133,165 KAWADA TECHNOLOGIES, Inc. 19,000 1,304,648 Kawagishi Bridge Works Co., Ltd. 23,000 192,852 Kawai Musical Instruments Manufacturing Co., Ltd. 24,000 500,059 Kawakin Holdings Co., Ltd. 10,000 35,179 Kawasaki Heavy Industries, Ltd. 2,925,000 9,312,900 Kawasaki Kinkai Kisen Kaisha, Ltd. 28,000 84,066 #* Kawasaki Kisen Kaisha, Ltd. 3,210,000 7,969,975 Kawasumi Laboratories, Inc. 43,900 278,791 KDDI Corp. 877,800 23,259,047 Keihan Holdings Co., Ltd. 1,122,000 7,259,094 Keihanshin Building Co., Ltd. 130,000 822,767 Keihin Co., Ltd. 107,000 156,146 Keihin Corp. 189,900 2,732,456 Keikyu Corp. 222,000 2,576,455 Keio Corp. 257,000 2,152,195 Keisei Electric Railway Co., Ltd. 114,100 3,122,358 Keiyo Bank, Ltd. (The) 929,000 3,930,473 # Keiyo Co., Ltd. 118,900 825,953 # Kenedix, Inc. 545,500 2,792,814 # Kenko Mayonnaise Co., Ltd. 66,600 1,871,916 # Kewpie Corp. 211,400 5,317,462 Key Coffee, Inc. 39,400 779,945 Keyence Corp. 9,810 4,531,378 # KFC Holdings Japan, Ltd. 26,300 476,021 * KI Holdings Co., Ltd. 20,000 52,571 Ki-Star Real Estate Co., Ltd. 7,700 140,136 Kikkoman Corp. 86,050 2,635,486 Kimoto Co., Ltd. 158,700 357,792 Kimura Chemical Plants Co., Ltd. 20,500 69,107 Kimura Unity Co., Ltd. 2,000 21,075 Kinden Corp. 336,300 5,234,669 King Jim Co., Ltd. 12,200 113,093 #* Kinki Sharyo Co., Ltd. (The) 15,500 360,672 * Kintetsu Department Store Co., Ltd. 77,000 256,097 Kintetsu Group Holdings Co., Ltd. 794,000 3,044,775 Kintetsu World Express, Inc. 168,900 2,957,780 Kirin Holdings Co., Ltd. 670,780 14,773,094 Kirindo Holdings Co., Ltd. 6,600 67,644 Kissei Pharmaceutical Co., Ltd. 119,200 3,082,409 Kita-Nippon Bank, Ltd. (The) 28,600 820,189 Kitagawa Iron Works Co., Ltd. 35,700 763,076 Kitamura Co., Ltd. 900 5,960 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Kitano Construction Corp. 155,000 $ 536,768 Kito Corp. 97,500 1,127,785 Kitz Corp. 385,700 3,451,388 Kiyo Bank, Ltd. (The) 248,400 4,154,260 #* KLab, Inc. 135,000 2,296,438 * KNT-CT Holdings Co., Ltd. 493,000 825,103 Koa Corp. 116,800 2,060,431 Koatsu Gas Kogyo Co., Ltd. 44,800 332,881 Kobayashi Pharmaceutical Co., Ltd. 42,400 2,635,197 Kobe Bussan Co., Ltd. 28,100 1,392,557 * Kobe Electric Railway Co., Ltd. 92,000 336,271 #* Kobe Steel, Ltd. 712,882 8,916,738 Kobelco Eco-Solutions Co., Ltd. 32,000 126,480 # Kogi Corp. 13,000 27,798 Kohnan Shoji Co., Ltd. 82,400 1,502,697 Kohsoku Corp. 17,000 168,847 Koike Sanso Kogyo Co., Ltd. 40,000 111,750 Koito Manufacturing Co., Ltd. 151,300 8,838,357 * Kojima Co., Ltd. 130,400 433,961 Kokusai Co., Ltd. 17,300 179,537 Kokuyo Co., Ltd. 380,464 6,058,516 KOMAIHALTEC, Inc. 16,000 329,540 Komatsu Seiren Co., Ltd. 132,500 920,601 Komatsu Wall Industry Co., Ltd. 14,900 280,747 Komatsu, Ltd. 342,500 9,185,005 Komehyo Co., Ltd. 28,600 337,823 Komeri Co., Ltd. 135,100 3,952,682 Komori Corp. 245,400 2,917,951 Konaka Co., Ltd. 82,380 444,415 Konami Holdings Corp. 173,162 9,031,074 # Kondotec, Inc. 47,000 427,745 Konica Minolta, Inc. 1,263,400 10,464,991 Konishi Co., Ltd. 100,900 1,541,417 Konoike Transport Co., Ltd. 98,500 1,341,495 # Konoshima Chemical Co., Ltd. 18,600 302,440 #* Kosaido Co., Ltd. 12,800 42,939 Kose Corp. 49,800 5,541,816 # Kosei Securities Co., Ltd. (The) 178,000 258,055 Koshidaka Holdings Co., Ltd. 22,100 599,528 Kotobuki Spirits Co., Ltd. 50,800 1,874,969 Kourakuen Holdings Corp. 16,000 255,335 Krosaki Harima Corp. 217,000 950,337 KRS Corp. 27,700 751,126 KU Holdings Co., Ltd. 15,600 141,709 Kubota Corp. 86,000 1,493,398 Kubota Corp. Sponsored ADR 43,382 3,797,660 Kumagai Gumi Co., Ltd. 1,893,000 6,556,974 # Kumiai Chemical Industry Co., Ltd. 218,487 1,270,445 Kura Corp. 31,000 1,558,951 Kurabo Industries, Ltd. 764,000 1,982,810 Kuraray Co., Ltd. 818,100 15,905,030 Kureha Corp. 61,600 3,097,696 Kurimoto, Ltd. 46,800 876,807 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Kurita Water Industries, Ltd. 200,400 $ 5,701,455 Kuriyama Holdings Corp. 19,800 387,354 Kuroda Electric Co., Ltd. 122,300 2,338,322 Kusuri no Aoki Holdings Co., Ltd. 37,900 2,085,850 KYB Corp. 901,000 5,085,290 Kyocera Corp. 161,430 9,806,879 Kyocera Corp. Sponsored ADR 57,109 3,488,789 Kyoden Co., Ltd. 14,200 47,322 Kyodo Printing Co., Ltd. 264,000 923,911 Kyoei Steel, Ltd. 94,600 1,459,931 Kyokuto Boeki Kaisha, Ltd. 113,796 293,008 Kyokuto Kaihatsu Kogyo Co., Ltd. 129,800 2,173,050 Kyokuto Securities Co., Ltd. 72,600 1,021,301 Kyokuyo Co., Ltd. 36,400 1,024,679 KYORIN Holdings, Inc. 133,300 2,845,495 Kyoritsu Maintenance Co., Ltd. 120,974 3,454,037 Kyoritsu Printing Co., Ltd. 132,300 419,914 Kyosan Electric Manufacturing Co., Ltd. 164,000 913,545 Kyowa Electronics Instruments Co., Ltd. 80,300 336,294 Kyowa Exeo Corp. 274,800 4,691,766 Kyowa Hakko Kirin Co., Ltd. 137,900 2,497,401 Kyowa Leather Cloth Co., Ltd. 30,300 261,376 Kyudenko Corp. 160,600 6,057,430 Kyushu Electric Power Co., Inc. 197,400 2,337,628 Kyushu Financial Group, Inc. 883,800 5,545,605 LAC Co., Ltd. 36,700 449,695 # Lacto Japan Co., Ltd. 5,700 225,313 Land Business Co., Ltd. 11,900 32,038 #* Laox Co., Ltd. 157,999 767,686 # Lasertec Corp. 127,200 1,896,531 # Lawson, Inc. 19,900 1,354,758 # LEC, Inc. 61,500 1,505,513 Leopalace21 Corp. 1,131,800 8,070,971 Life Corp. 39,000 1,032,704 # LIFULL Co., Ltd. 143,800 1,148,232 # Like Co., Ltd. 9,300 303,478 Linical Co., Ltd. 22,700 394,023 # Link And Motivation, Inc. 110,800 740,193 Lintec Corp. 182,400 4,428,044 Lion Corp. 360,000 7,705,871 #* Livesense, Inc. 10,800 62,051 LIXIL Group Corp. 463,319 11,923,619 Lonseal Corp. 5,700 136,201 Look, Inc. 137,000 344,053 #* M&A Capital Partners Co., Ltd. 15,100 688,401 M3, Inc. 108,800 2,934,888 # Mabuchi Motor Co., Ltd. 19,000 1,001,300 Macnica Fuji Electronics Holdings, Inc. 137,350 2,189,740 Maeda Corp. 426,000 5,150,688 Maeda Kosen Co., Ltd. 82,400 1,209,006 Maeda Road Construction Co., Ltd. 199,000 4,108,679 Maezawa Kasei Industries Co., Ltd. 57,200 638,038 Maezawa Kyuso Industries Co., Ltd. 22,500 327,168 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Makino Milling Machine Co., Ltd. 415,000 $ 3,504,779 Makita Corp. 168,000 6,571,400 Makita Corp. Sponsored ADR 4,848 189,120 Mamezou Holdings Co., Ltd. 31,300 281,291 # Mamiya-Op Co., Ltd. 16,299 179,788 Mandom Corp. 31,800 1,757,719 Mani, Inc. 36,700 872,296 MarkLines Co., Ltd. 2,800 24,041 Mars Engineering Corp. 31,900 631,577 Marubeni Corp. 2,515,459 16,668,627 Marubun Corp. 64,600 494,083 Marudai Food Co., Ltd. 461,000 2,186,513 Marufuji Sheet Piling Co., Ltd. 16,000 41,648 Maruha Nichiro Corp. 255,382 6,969,338 Marui Group Co., Ltd. 409,000 5,562,307 Maruichi Steel Tube, Ltd. 114,100 3,521,573 Maruka Machinery Co., Ltd. 19,800 332,242 # Marusan Securities Co., Ltd. 127,800 1,079,040 Maruwa Co., Ltd. 34,300 1,665,119 # Maruwa Unyu Kikan Co., Ltd. 23,000 839,312 Maruyama Manufacturing Co., Inc. 13,300 223,842 #* Maruzen CHI Holdings Co., Ltd. 14,700 46,952 Maruzen Showa Unyu Co., Ltd. 180,000 783,441 # Marvelous, Inc. 72,700 679,265 Matsuda Sangyo Co., Ltd. 46,762 634,675 Matsui Construction Co., Ltd. 80,700 690,434 Matsui Securities Co., Ltd. 166,900 1,366,030 Matsumotokiyoshi Holdings Co., Ltd. 86,100 5,309,416 # Matsuya Co., Ltd. 40,700 342,242 Matsuya Foods Co., Ltd. 38,300 1,450,121 Max Co., Ltd. 73,000 998,664 Maxvalu Nishinihon Co., Ltd. 1,700 25,694 # Maxvalu Tokai Co., Ltd. 21,100 401,033 Mazda Motor Corp. 1,602,300 24,087,031 # McDonald's Holdings Co. Japan, Ltd. 44,700 1,816,399 MCJ Co., Ltd. 165,300 1,952,957 Mebuki Financial Group, Inc. 1,988,550 7,654,959 # MEC Co., Ltd. 44,400 549,605 # Media Do Co., Ltd. 9,100 209,026 #* Medical Data Vision Co., Ltd. 4,400 96,853 Medical System Network Co., Ltd. 80,500 351,614 Medipal Holdings Corp. 331,700 6,069,921 Medius Holdings Co., Ltd. 2,900 68,427 # Megachips Corp. 66,300 1,768,370 #* Meganesuper Co., Ltd. 416,700 257,335 Megmilk Snow Brand Co., Ltd. 205,400 5,678,781 Meidensha Corp. 851,000 3,023,579 MEIJI Holdings Co., Ltd. 124,620 9,931,391 Meiji Shipping Co., Ltd. 32,900 120,847 Meiko Electronics Co., Ltd. 101,600 1,523,718 Meiko Network Japan Co., Ltd. 79,700 1,137,927 Meisei Industrial Co., Ltd. 157,000 1,017,530 Meitec Corp. 65,000 3,046,336 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Meito Sangyo Co., Ltd. 21,200 $ 277,262 # Meiwa Corp. 72,700 288,462 # Meiwa Estate Co., Ltd. 52,200 387,595 Melco Holdings, Inc. 37,600 1,258,782 Menicon Co., Ltd. 32,300 1,057,532 Mesco, Inc. 6,000 68,291 METAWATER Co., Ltd. 30,200 835,161 # Michinoku Bank, Ltd. (The) 758,091 1,284,251 # Micronics Japan Co., Ltd. 54,100 572,938 Mie Bank, Ltd. (The) 44,600 998,514 # Mie Kotsu Group Holdings, Inc. 92,300 347,256 Mikuni Corp. 34,200 152,897 Milbon Co., Ltd. 24,736 1,442,265 Mimaki Engineering Co., Ltd. 69,500 552,978 Mimasu Semiconductor Industry Co., Ltd. 81,800 1,313,042 Minato Bank, Ltd. (The) 65,800 1,204,705 Minebea Mitsumi, Inc. 1,038,826 17,114,980 Ministop Co., Ltd. 65,300 1,436,685 Miraca Holdings, Inc. 142,500 6,502,614 Miraial Co., Ltd. 2,100 20,151 Mirait Holdings Corp. 259,730 3,045,223 Miroku Jyoho Service Co., Ltd. 48,700 1,025,967 Misawa Homes Co., Ltd. 115,000 1,055,427 MISUMI Group, Inc. 200,700 4,977,321 Mitani Corp. 33,600 1,325,306 Mitani Sekisan Co., Ltd. 2,400 56,478 Mito Securities Co., Ltd. 251,900 700,302 Mitsuba Corp. 167,900 2,927,557 Mitsubishi Chemical Holdings Corp. 3,644,360 30,511,522 Mitsubishi Corp. 1,192,100 25,883,125 Mitsubishi Electric Corp. 1,199,000 18,561,345 Mitsubishi Estate Co., Ltd. 202,073 3,674,284 Mitsubishi Gas Chemical Co., Inc. 444,000 10,243,785 Mitsubishi Heavy Industries, Ltd. 4,605,000 18,308,795 Mitsubishi Kakoki Kaisha, Ltd. 133,000 293,047 Mitsubishi Logistics Corp. 292,000 3,748,613 Mitsubishi Materials Corp. 412,720 13,864,958 Mitsubishi Motors Corp. 1,163,800 8,395,183 # Mitsubishi Nichiyu Forklift Co., Ltd. 157,300 1,265,667 * Mitsubishi Paper Mills, Ltd. 105,400 743,130 Mitsubishi Pencil Co., Ltd. 67,400 1,836,557 Mitsubishi Research Institute, Inc. 25,600 736,273 Mitsubishi Shokuhin Co., Ltd. 46,200 1,336,643 Mitsubishi Steel Manufacturing Co., Ltd. 603,000 1,551,253 Mitsubishi Tanabe Pharma Corp. 105,100 2,501,977 Mitsubishi UFJ Financial Group, Inc. 8,324,200 52,809,640 # Mitsubishi UFJ Financial Group, Inc. Sponsored ADR 1,791,677 11,412,983 Mitsubishi UFJ Lease & Finance Co., Ltd. 1,417,500 7,551,142 Mitsuboshi Belting, Ltd. 142,000 1,624,504 Mitsui & Co., Ltd. 1,028,100 14,949,376 Mitsui & Co., Ltd. Sponsored ADR 15,092 4,414,259 Mitsui Chemicals, Inc. 2,573,065 14,617,892 Mitsui Engineering & Shipbuilding Co., Ltd. 3,272,000 4,561,328 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- JAPAN -- (Continued) Mitsui Fudosan Co., Ltd. 285,100 $ 6,543,111 Mitsui High-Tec, Inc. 106,100 1,655,879 Mitsui Home Co., Ltd. 84,000 572,766 Mitsui Matsushima Co., Ltd. 59,000 794,981 Mitsui Mining & Smelting Co., Ltd. 3,026,000 13,218,837 Mitsui OSK Lines, Ltd. 2,905,000 9,041,152 Mitsui Sugar Co., Ltd. 64,800 1,967,478 Mitsui-Soko Holdings Co., Ltd. 463,000 1,263,457 # Mitsumura Printing Co., Ltd. 15,000 33,057 Mitsuuroko Group Holdings Co., Ltd. 78,700 508,664 Miura Co., Ltd. 46,400 938,856 # Mixi, Inc. 23,100 1,269,568 # Miyaji Engineering Group, Inc. 263,000 640,741 Miyazaki Bank, Ltd. (The) 584,000 1,952,332 Miyoshi Oil & Fat Co., Ltd. 27,400 350,653 Mizuho Financial Group, Inc. 19,100,760 33,968,303 Mizuno Corp. 407,605 2,369,701 # Mobile Factory, Inc. 3,200 45,213 Mochida Pharmaceutical Co., Ltd. 38,399 2,675,401 Modec, Inc. 74,200 1,768,844 # Monex Group, Inc. 873,500 2,468,886 # Money Partners Group Co., Ltd. 50,600 228,687 Monogatari Corp. (The) 27,200 1,419,011 # MonotaRO Co., Ltd. 97,000 3,199,550 MORESCO Corp. 28,500 538,158 # Morinaga & Co., Ltd. 112,800 6,464,944 Morinaga Milk Industry Co., Ltd. 987,000 7,210,311 Morita Holdings Corp. 87,300 1,369,109 Morito Co., Ltd. 58,400 496,214 # Morozoff, Ltd. 8,300 513,675 #* Morpho, Inc. 7,700 347,164 Mory Industries, Inc. 18,700 399,829 # Mr Max Corp. 63,200 299,611 MS&AD Insurance Group Holdings, Inc. 485,974 17,045,329 # MTI, Ltd. 150,800 1,017,059 Mugen Estate Co., Ltd. 61,300 550,216 Murata Manufacturing Co., Ltd. 62,340 9,698,193 Musashi Seimitsu Industry Co., Ltd. 114,600 3,190,884 Musashino Bank, Ltd. (The) 111,900 3,343,383 # Mutoh Holdings Co., Ltd. 93,000 214,277 #* Mynet, Inc. 3,600 100,990 # N Field Co., Ltd. 24,800 341,329 Nabtesco Corp. 196,600 6,382,514 # NAC Co., Ltd. 38,100 343,472 # Nachi-Fujikoshi Corp. 760,000 4,200,852 Nafco Co., Ltd. 200 3,171 Nagaileben Co., Ltd. 17,200 428,678 # Nagano Bank, Ltd. (The) 31,200 556,785 Nagano Keiki Co., Ltd. 16,900 121,029 Nagase & Co., Ltd. 423,200 6,643,306 Nagatanien Holdings Co., Ltd. 43,000 535,357 Nagawa Co., Ltd. 3,200 115,746 # Nagoya Railroad Co., Ltd. 769,000 3,526,616 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) * Naigai Co., Ltd. 12,200 $ 72,957 Naigai Trans Line, Ltd. 6,700 85,644 Nakabayashi Co., Ltd. 120,000 353,686 Nakamuraya Co., Ltd. 4,700 214,344 Nakanishi, Inc. 34,100 1,428,694 Nakano Corp. 47,300 259,584 Nakayama Steel Works, Ltd. 96,500 584,829 Namura Shipbuilding Co., Ltd. 226,248 1,296,189 Nankai Electric Railway Co., Ltd. 633,000 3,114,822 Nanto Bank, Ltd. (The) 88,700 2,609,423 # Natori Co., Ltd. 25,700 477,694 NDS Co., Ltd. 8,400 242,678 NEC Capital Solutions, Ltd. 33,200 571,966 NEC Corp. 7,203,800 19,583,130 NEC Networks & System Integration Corp. 87,400 1,909,579 NET One Systems Co., Ltd. 291,700 2,795,743 Neturen Co., Ltd. 123,100 1,133,155 #* New Japan Chemical Co., Ltd. 57,600 108,679 * New Japan Radio Co., Ltd. 65,400 359,473 * Nexon Co., Ltd. 107,300 2,230,173 # Nextage Co., Ltd. 6,600 106,157 Nexyz Group Corp. 13,100 214,232 NGK Insulators, Ltd. 201,000 4,042,159 NGK Spark Plug Co., Ltd. 384,100 7,754,745 NH Foods, Ltd. 217,000 6,418,704 NHK Spring Co., Ltd. 848,700 9,166,448 Nicca Chemical Co., Ltd. 5,100 54,419 Nice Holdings, Inc. 267,000 382,428 # Nichi-iko Pharmaceutical Co., Ltd. 155,550 2,382,943 Nichia Steel Works, Ltd. 41,000 107,445 Nichias Corp. 525,000 6,375,829 Nichiban Co., Ltd. 73,000 651,102 Nichicon Corp. 215,200 2,365,089 Nichiden Corp. 10,200 366,106 Nichiha Corp. 133,500 4,958,849 NichiiGakkan Co., Ltd. 127,400 1,333,332 Nichimo Co., Ltd. 48,000 79,205 Nichirei Corp. 389,499 10,947,051 Nichireki Co., Ltd. 94,600 1,144,569 Nichirin Co., Ltd. 23,300 520,257 Nidec Corp. 45,178 4,978,109 Nidec Corp. Sponsored ADR 20,578 569,599 Nifco, Inc. 118,700 6,846,554 Nihon Chouzai Co., Ltd. 31,360 1,046,092 Nihon Dempa Kogyo Co., Ltd. 79,000 660,687 Nihon Dengi Co., Ltd. 4,400 114,957 Nihon Eslead Corp. 24,200 456,475 Nihon Flush Co., Ltd. 22,700 305,330 Nihon House Holdings Co., Ltd. 200,700 956,987 # Nihon Kagaku Sangyo Co., Ltd. 46,500 817,595 Nihon Kohden Corp. 129,000 3,082,978 Nihon M&A Center, Inc. 110,600 4,440,798 Nihon Nohyaku Co., Ltd. 210,700 1,224,285 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Nihon Parkerizing Co., Ltd. 196,400 $ 2,810,158 # Nihon Plast Co., Ltd. 56,000 665,505 Nihon Tokushu Toryo Co., Ltd. 42,500 713,717 # Nihon Trim Co., Ltd. 17,900 744,780 Nihon Unisys, Ltd. 231,500 3,860,142 Nihon Yamamura Glass Co., Ltd. 358,000 613,368 Nikkiso Co., Ltd. 250,000 2,580,006 Nikko Co., Ltd. 15,300 314,078 Nikkon Holdings Co., Ltd. 228,700 5,406,506 Nikon Corp. 434,900 7,662,836 Nintendo Co., Ltd. 10,900 3,701,798 Nippi, Inc. 31,000 223,729 Nippo Corp. 184,000 3,743,327 Nippon Air Conditioning Services Co., Ltd. 26,700 171,336 Nippon Aqua Co., Ltd. 10,200 49,582 Nippon Beet Sugar Manufacturing Co., Ltd. 54,700 1,069,889 Nippon Carbide Industries Co., Inc. 329,000 554,744 # Nippon Carbon Co., Ltd. 49,899 1,629,424 Nippon Ceramic Co., Ltd. 12,000 314,667 Nippon Chemi-Con Corp. 505,000 2,040,104 Nippon Chemical Industrial Co., Ltd. 249,000 533,882 Nippon Chemiphar Co., Ltd. 7,800 366,468 Nippon Chutetsukan K.K. 36,000 59,037 Nippon Coke & Engineering Co., Ltd. 845,100 797,129 # Nippon Commercial Development Co., Ltd. 34,600 539,713 Nippon Concrete Industries Co., Ltd. 206,200 799,936 Nippon Denko Co., Ltd. 548,250 2,573,652 Nippon Densetsu Kogyo Co., Ltd. 88,100 1,751,064 Nippon Electric Glass Co., Ltd. 219,800 7,780,787 Nippon Express Co., Ltd. 1,785,762 11,403,540 Nippon Felt Co., Ltd. 15,100 69,824 Nippon Filcon Co., Ltd. 21,100 114,201 Nippon Fine Chemical Co., Ltd. 33,300 303,525 Nippon Flour Mills Co., Ltd. 256,800 4,137,911 Nippon Gas Co., Ltd. 152,500 4,786,144 Nippon Hume Corp. 87,600 547,185 Nippon Kanzai Co., Ltd. 21,800 391,992 Nippon Kayaku Co., Ltd. 418,000 5,850,215 Nippon Kinzoku Co., Ltd. 21,600 433,194 Nippon Kodoshi Corp. 17,400 235,796 Nippon Koei Co., Ltd. 55,000 1,521,743 Nippon Koshuha Steel Co., Ltd. 328,000 329,863 Nippon Light Metal Holdings Co., Ltd. 3,109,900 8,367,212 # Nippon Paint Holdings Co., Ltd. 83,300 3,202,946 Nippon Paper Industries Co., Ltd. 356,202 7,101,545 # Nippon Parking Development Co., Ltd. 508,800 760,966 Nippon Pillar Packing Co., Ltd. 86,500 1,447,000 Nippon Piston Ring Co., Ltd. 27,700 544,514 Nippon Rietec Co., Ltd. 3,000 35,374 Nippon Road Co., Ltd. (The) 290,000 1,619,791 Nippon Seiki Co., Ltd. 127,000 2,431,581 Nippon Seisen Co., Ltd. 65,000 483,026 #* Nippon Sharyo, Ltd. 264,000 686,774 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) * Nippon Sheet Glass Co., Ltd. 318,200 $ 2,692,577 Nippon Shinyaku Co., Ltd. 14,200 896,228 Nippon Shokubai Co., Ltd. 73,200 4,788,821 Nippon Signal Co., Ltd. 212,400 2,156,617 Nippon Soda Co., Ltd. 547,000 3,069,275 Nippon Steel & Sumikin Bussan Corp. 69,000 3,556,716 Nippon Steel & Sumitomo Metal Corp. 733,614 18,008,682 Nippon Suisan Kaisha, Ltd. 1,483,100 8,655,445 Nippon Systemware Co., Ltd. 29,300 481,645 Nippon Telegraph & Telephone Corp. 141,800 6,939,435 Nippon Thompson Co., Ltd. 255,600 1,460,256 Nippon Tungsten Co., Ltd. 31,000 79,108 Nippon Valqua Industries, Ltd. 44,900 1,186,424 Nippon View Hotel Co., Ltd. 14,500 183,278 Nippon Yakin Kogyo Co., Ltd. 347,800 699,471 * Nippon Yusen K.K. 4,877,309 9,310,747 Nipro Corp. 654,200 8,874,113 Nishi-Nippon Financial Holdings, Inc. 468,514 5,271,271 Nishi-Nippon Railroad Co., Ltd. 796,000 3,508,229 Nishimatsu Construction Co., Ltd. 1,264,000 7,274,229 Nishimatsuya Chain Co., Ltd. 141,600 1,550,788 Nishio Rent All Co., Ltd. 85,300 2,839,470 Nissan Chemical Industries, Ltd. 192,700 6,396,845 Nissan Motor Co., Ltd. 3,965,200 39,371,486 Nissan Shatai Co., Ltd. 186,000 1,925,756 Nissan Tokyo Sales Holdings Co., Ltd. 84,800 321,818 Nissei ASB Machine Co., Ltd. 38,100 1,312,839 Nissei Build Kogyo Co., Ltd. 348,000 2,010,334 Nissei Plastic Industrial Co., Ltd. 57,800 604,422 # Nissha Printing Co., Ltd. 100,600 2,752,645 Nisshin Fudosan Co. 111,300 620,367 Nisshin Oillio Group, Ltd. (The) 676,000 4,001,926 Nisshin Seifun Group, Inc. 293,445 4,818,771 Nisshin Steel Co., Ltd. 196,174 2,403,599 Nisshinbo Holdings, Inc. 583,200 5,905,838 Nissin Corp. 257,000 1,242,927 Nissin Electric Co., Ltd. 234,500 2,847,925 Nissin Foods Holdings Co., Ltd. 30,075 1,889,454 Nissin Kogyo Co., Ltd. 172,200 2,883,957 Nissin Sugar Co., Ltd. 43,000 741,963 Nissui Pharmaceutical Co., Ltd. 50,100 632,301 Nitori Holdings Co., Ltd. 32,300 4,558,254 Nitta Corp. 48,800 1,567,302 Nitta Gelatin, Inc. 41,700 286,737 Nittan Valve Co., Ltd. 27,500 101,604 Nittetsu Mining Co., Ltd. 23,300 1,307,754 Nitto Boseki Co., Ltd. 434,000 2,528,515 Nitto Denko Corp. 60,300 5,376,891 Nitto FC Co., Ltd. 28,400 234,887 Nitto Kogyo Corp. 108,200 1,752,524 Nitto Kohki Co., Ltd. 26,200 622,593 Nitto Seiko Co., Ltd. 68,500 336,985 Nittoc Construction Co., Ltd. 114,949 608,048 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Nittoku Engineering Co., Ltd. 46,200 $ 1,426,975 Noda Corp. 12,200 113,435 Noevir Holdings Co., Ltd. 10,600 549,437 NOF Corp. 436,000 5,923,836 Nohmi Bosai, Ltd. 77,900 1,197,925 Nojima Corp. 117,700 1,905,025 NOK Corp. 324,000 7,416,375 Nomura Co., Ltd. 95,400 2,018,706 Nomura Holdings, Inc. 2,440,500 14,499,549 Nomura Holdings, Inc. Sponsored ADR 387,517 2,313,476 Nomura Real Estate Holdings, Inc. 445,900 8,838,256 Nomura Research Institute, Ltd. 79,695 2,983,251 Noritake Co., Ltd. 41,400 1,587,017 Noritsu Koki Co., Ltd. 94,900 873,666 Noritz Corp. 118,200 2,318,285 North Pacific Bank, Ltd. 1,286,700 4,313,264 NS Solutions Corp. 136,600 2,875,889 NS Tool Co., Ltd. 2,500 45,237 NS United Kaiun Kaisha, Ltd. 449,000 938,453 NSD Co., Ltd. 68,639 1,309,176 NSK, Ltd. 857,900 11,058,557 NTN Corp. 2,110,000 9,820,006 NTT Data Corp. 370,500 4,035,807 NTT DOCOMO, Inc. 1,305,900 30,325,604 NTT DOCOMO, Inc. Sponsored ADR 43,500 1,010,940 NTT Urban Development Corp. 146,000 1,493,790 # Nuflare Technology, Inc. 19,400 1,038,071 # OAK Capital Corp. 177,100 430,379 Obara Group, Inc. 40,600 2,244,802 Obayashi Corp. 1,478,900 17,806,929 Obic Co., Ltd. 62,300 3,894,897 # Odakyu Electric Railway Co., Ltd. 138,500 2,743,482 # Odelic Co., Ltd. 12,700 583,237 Oenon Holdings, Inc. 263,000 653,515 Ogaki Kyoritsu Bank, Ltd. (The) 1,329,000 3,839,551 # Ohara, Inc. 28,800 363,474 Ohashi Technica, Inc. 19,600 251,589 Ohba Co., Ltd. 8,400 36,939 Ohsho Food Service Corp. 32,300 1,256,578 OIE Sangyo Co., Ltd. 1,200 13,506 Oiles Corp. 62,801 1,123,120 * Oisix.daichi Inc. 6,900 139,055 Oita Bank, Ltd. (The) 392,000 1,477,134 Oji Holdings Corp. 2,351,000 12,057,008 Okabe Co., Ltd. 149,100 1,459,542 Okada Aiyon Corp. 3,300 41,074 Okamoto Industries, Inc. 230,000 2,517,827 # Okamoto Machine Tool Works, Ltd. 159,000 411,113 Okamura Corp. 208,900 2,123,710 Okasan Securities Group, Inc. 596,000 3,609,511 # Okaya Electric Industries Co., Ltd. 6,700 24,526 Oki Electric Industry Co., Ltd. 368,100 5,040,077 Okinawa Cellular Telephone Co. 18,600 653,899 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Okinawa Electric Power Co., Inc. (The) 96,723 $ 2,281,233 OKK Corp. 349,000 449,033 OKUMA Corp. 366,000 3,518,377 Okumura Corp. 627,000 4,562,708 Okura Industrial Co., Ltd. 158,000 1,021,431 Okuwa Co., Ltd. 69,000 734,675 Olympic Group Corp. 18,200 97,043 Olympus Corp. 99,300 3,604,263 Omron Corp. 156,200 7,793,142 Ono Pharmaceutical Co., Ltd. 18,200 398,138 ONO Sokki Co., Ltd. 24,900 169,490 # Onoken Co., Ltd. 62,300 1,036,077 Onward Holdings Co., Ltd. 539,000 3,910,272 # Ootoya Holdings Co., Ltd. 2,900 53,783 #* Open Door, Inc. 3,400 104,456 Open House Co., Ltd. 150,100 4,967,897 # OPT Holdings, Inc. 48,000 605,516 Optex Group Co., Ltd. 25,000 839,457 * Optim Corp. 11,200 312,650 Oracle Corp. 20,200 1,357,739 Organo Corp. 138,000 735,625 # Orient Corp. 1,181,400 1,992,583 Oriental Land Co., Ltd. 45,400 3,291,071 Origin Electric Co., Ltd. 88,000 249,702 ORIX Corp. 1,972,400 31,298,872 # ORIX Corp. Sponsored ADR 17,205 1,425,090 Osaka Gas Co., Ltd. 868,000 3,476,445 Osaka Organic Chemical Industry, Ltd. 67,200 798,123 Osaka Soda Co., Ltd. 216,000 1,087,181 Osaka Steel Co., Ltd. 51,700 1,065,450 # OSAKA Titanium Technologies Co., Ltd. 17,200 265,405 Osaki Electric Co., Ltd. 186,000 1,421,995 # OSG Corp. 357,700 7,541,858 OSJB Holdings Corp. 383,100 1,052,289 Otsuka Corp. 34,300 2,246,891 Otsuka Holdings Co., Ltd. 76,100 3,351,386 # Otsuka Kagu, Ltd. 49,300 396,445 OUG Holdings, Inc. 6,000 14,414 # Outsourcing, Inc. 45,100 2,252,849 Oyo Corp. 90,500 1,311,702 Pacific Industrial Co., Ltd. 198,000 2,573,958 #* Pacific Metals Co., Ltd. 656,000 1,759,808 Pack Corp. (The) 34,500 1,116,057 PAL GROUP Holdings Co., Ltd. 49,600 1,583,158 PALTAC Corp. 150,258 5,451,719 Paltek Corp. 11,500 100,142 PanaHome Corp. 260,000 2,823,657 Panasonic Corp. 1,809,642 24,924,712 PAPYLESS Co., Ltd. 8,300 235,770 Paraca, Inc. 6,000 121,223 Paramount Bed Holdings Co., Ltd. 52,600 2,396,453 Parco Co., Ltd. 97,500 1,201,699 Paris Miki Holdings, Inc. 66,400 278,762 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # Park24 Co., Ltd. 145,800 $ 3,689,874 # Pasco Corp. 111,000 374,378 # Pasona Group, Inc. 111,200 1,236,054 PC Depot Corp. 157,540 906,811 PCI Holdings, Inc. 1,200 29,177 Pegasus Sewing Machine Manufacturing Co., Ltd. 58,000 390,703 Penta-Ocean Construction Co., Ltd. 1,460,000 8,697,314 People Co., Ltd. 800 13,367 # Pepper Food Service Co., Ltd. 12,000 443,830 #* PeptiDream, Inc. 55,400 1,740,723 Persol Holdings Co., Ltd. 111,100 2,106,434 PIA Corp. 3,900 138,337 Pigeon Corp. 94,600 3,506,509 Pilot Corp. 67,500 2,940,211 Piolax, Inc. 87,000 2,403,371 #* Pioneer Corp. 1,536,300 3,033,618 # Plenus Co., Ltd. 63,000 1,475,634 Pocket Card Co., Ltd. 72,600 476,899 Pola Orbis Holdings, Inc. 118,400 3,284,810 Poletowin Pitcrew Holdings, Inc. 67,800 903,878 Press Kogyo Co., Ltd. 396,300 1,864,008 Pressance Corp. 150,800 2,081,415 Prestige International, Inc. 122,100 1,337,283 Prima Meat Packers, Ltd. 743,000 4,743,427 Pronexus, Inc. 35,500 402,290 # Prospect Co., Ltd. 674,000 433,616 # Proto Corp. 23,200 362,651 PS Mitsubishi Construction Co., Ltd. 128,700 590,361 Punch Industry Co., Ltd. 17,500 210,098 Qol Co., Ltd. 79,900 1,289,160 Quick Co., Ltd. 15,000 215,426 Raccoon Co., Ltd. 14,400 90,619 Raito Kogyo Co., Ltd. 200,800 2,169,094 Rakus Co., Ltd. 3,200 70,299 Rakuten, Inc. 179,800 2,196,290 # Rasa Industries, Ltd. 309,000 436,265 Raysum Co., Ltd. 70,700 631,821 Recruit Holdings Co., Ltd. 282,300 4,886,521 Relia, Inc. 62,900 672,392 Relo Group, Inc. 180,000 3,612,875 Renaissance, Inc. 20,300 367,558 Renesas Easton Co., Ltd. 7,200 38,544 Rengo Co., Ltd. 824,410 4,679,943 #* Renown, Inc. 211,400 394,466 Resona Holdings, Inc. 2,581,800 13,300,555 Resorttrust, Inc. 141,700 2,612,038 Retail Partners Co., Ltd. 1,400 14,780 Rheon Automatic Machinery Co., Ltd. 57,800 625,257 Rhythm Watch Co., Ltd. 258,000 550,189 Riberesute Corp. 23,300 186,747 Ricoh Co., Ltd. 1,539,119 14,471,586 Ricoh Leasing Co., Ltd. 58,300 2,037,028 # Ride On Express Co., Ltd. 22,700 208,405 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Right On Co., Ltd. 63,500 $ 576,083 Riken Corp. 30,700 1,436,847 Riken Keiki Co., Ltd. 39,300 742,974 # Riken Technos Corp. 145,400 811,896 Riken Vitamin Co., Ltd. 14,300 559,048 Ringer Hut Co., Ltd. 47,100 1,088,176 Rinnai Corp. 16,300 1,521,731 Rion Co., Ltd. 20,800 368,032 Riso Kagaku Corp. 82,058 1,715,876 Riso Kyoiku Co., Ltd. 87,450 654,683 Rock Field Co., Ltd. 50,400 852,373 Rohm Co., Ltd. 92,500 7,149,196 Rohto Pharmaceutical Co., Ltd. 210,200 4,246,111 Rokko Butter Co., Ltd. 39,300 888,452 Roland DG Corp. 67,300 1,686,524 # Rorze Corp. 48,900 1,053,872 Round One Corp. 421,300 4,499,485 Royal Holdings Co., Ltd. 115,500 2,768,681 # RS Technologies Co., Ltd. 3,300 127,918 #* RVH, Inc. 56,300 365,089 Ryobi, Ltd. 530,000 2,506,437 Ryoden Corp. 142,000 1,033,192 Ryohin Keikaku Co., Ltd. 15,575 3,981,644 Ryosan Co., Ltd. 123,400 4,826,338 Ryoyo Electro Corp. 100,300 1,616,108 S Foods, Inc. 59,200 2,204,127 Sac's Bar Holdings, Inc. 82,000 901,364 Sagami Rubber Industries Co., Ltd. 23,000 353,073 Saibu Gas Co., Ltd. 580,000 1,456,535 Saizeriya Co., Ltd. 131,400 3,822,656 Sakai Chemical Industry Co., Ltd. 306,000 1,240,064 Sakai Heavy Industries, Ltd. 165,000 510,016 Sakai Moving Service Co., Ltd. 34,600 1,669,887 # Sakai Ovex Co., Ltd. 22,299 366,745 Sakata INX Corp. 141,000 2,549,680 # Sakata Seed Corp. 18,000 549,343 # Sakura Internet, Inc. 34,000 261,192 Sala Corp. 80,000 666,539 # SAMTY Co., Ltd. 81,300 1,193,001 San Holdings, Inc. 1,800 37,394 San-A Co., Ltd. 54,700 2,439,645 San-Ai Oil Co., Ltd. 197,400 2,005,615 San-In Godo Bank, Ltd. (The) 410,900 3,337,449 #* Sanden Holdings Corp. 501,000 1,428,988 # Sanei Architecture Planning Co., Ltd. 36,700 654,447 Sangetsu Corp. 136,500 2,459,331 Sanken Electric Co., Ltd. 597,000 3,026,478 Sanki Engineering Co., Ltd. 172,700 1,952,529 # Sanko Marketing Foods Co., Ltd. 10,800 95,881 # Sanko Metal Industrial Co., Ltd. 8,300 250,066 Sankyo Co., Ltd. 111,900 3,672,826 Sankyo Frontier Co., Ltd. 9,000 117,959 Sankyo Seiko Co., Ltd. 127,400 451,728 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # Sankyo Tateyama, Inc. 110,600 $ 1,562,492 Sankyu, Inc. 1,268,000 9,550,373 Sanoh Industrial Co., Ltd. 111,000 800,268 # Sanoyas Holdings Corp. 101,400 236,237 # Sanrio Co., Ltd. 114,300 2,295,647 Sansei Technologies, Inc. 29,800 253,544 # Sansha Electric Manufacturing Co., Ltd. 30,300 155,792 Sanshin Electronics Co., Ltd. 105,800 1,330,619 Santen Pharmaceutical Co., Ltd. 205,900 2,900,796 Sanwa Holdings Corp. 612,800 6,635,775 Sanyei Corp. 300 10,405 Sanyo Chemical Industries, Ltd. 54,600 2,592,918 Sanyo Denki Co., Ltd. 175,000 1,949,321 Sanyo Electric Railway Co., Ltd. 128,000 655,623 Sanyo Engineering & Construction, Inc. 4,200 32,457 Sanyo Housing Nagoya Co., Ltd. 37,000 378,077 Sanyo Industries, Ltd. 15,000 30,587 # Sanyo Shokai, Ltd. 53,899 811,682 Sanyo Special Steel Co., Ltd. 502,000 3,045,881 Sanyo Trading Co., Ltd. 14,400 328,094 Sapporo Holdings, Ltd. 339,600 9,249,491 Sata Construction Co., Ltd. 29,000 119,835 Sato Holdings Corp. 113,900 2,731,695 Sato Shoji Corp. 21,300 191,983 # Satori Electric Co., Ltd. 67,200 554,257 # Sawada Holdings Co., Ltd. 66,000 599,266 Sawai Pharmaceutical Co., Ltd. 128,300 7,231,211 # Saxa Holdings, Inc. 219,000 446,578 SBI Holdings, Inc. 632,380 9,047,183 # SBS Holdings, Inc. 82,900 632,663 # Scala, Inc. 67,800 521,601 SCREEN Holdings Co., Ltd. 103,400 6,911,495 # Scroll Corp. 119,700 418,154 SCSK Corp. 49,659 2,095,618 Secom Co., Ltd. 77,200 5,792,156 Secom Joshinetsu Co., Ltd. 1,500 47,288 # Seed Co., Ltd. 11,500 244,953 Sega Sammy Holdings, Inc. 446,412 6,023,315 # Seibu Electric Industry Co., Ltd. 3,199 69,377 # Seibu Holdings, Inc. 159,600 2,784,173 Seika Corp. 216,000 933,773 Seikitokyu Kogyo Co., Ltd. 154,699 838,831 # Seiko Epson Corp. 522,000 13,740,315 Seiko Holdings Corp. 707,000 3,156,014 # Seiko PMC Corp. 27,500 312,629 Seino Holdings Co., Ltd. 560,700 7,549,748 Seiren Co., Ltd. 215,600 3,643,904 Sekisui Chemical Co., Ltd. 694,000 12,783,716 Sekisui House, Ltd. 571,200 9,887,578 Sekisui Jushi Corp. 97,400 1,771,234 Sekisui Plastics Co., Ltd. 93,600 800,096 Senko Group Holdings Co., Ltd. 565,300 3,848,327 Senshu Electric Co., Ltd. 11,400 229,446 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Senshu Ikeda Holdings, Inc. 1,011,760 $ 4,191,059 Senshukai Co., Ltd. 142,200 876,337 # Septeni Holdings Co., Ltd. 198,400 606,540 Seria Co., Ltd. 57,000 2,829,044 Seven & I Holdings Co., Ltd. 729,252 29,392,249 # Seven Bank, Ltd. 1,638,500 6,484,131 # SFP Holdings Co., Ltd. 36,700 579,321 #* Sharp Corp. 190,000 668,836 Shibaura Electronics Co., Ltd. 15,200 512,287 Shibaura Mechatronics Corp. 131,000 404,070 Shibusawa Warehouse Co., Ltd. (The) 160,000 526,802 Shibuya Corp. 68,000 2,070,434 # Shidax Corp. 31,900 128,771 #* SHIFT, Inc. 13,000 154,653 Shiga Bank, Ltd. (The) 879,185 4,659,369 Shikibo, Ltd. 344,000 467,990 Shikoku Bank, Ltd. (The) 642,000 1,721,503 Shikoku Chemicals Corp. 95,000 1,216,006 # Shikoku Electric Power Co., Inc. 200,600 2,410,589 Shima Seiki Manufacturing, Ltd. 60,000 2,918,005 Shimachu Co., Ltd. 214,300 5,362,593 Shimadzu Corp. 284,600 5,603,754 Shimamura Co., Ltd. 48,200 5,993,336 Shimano, Inc. 30,400 4,456,955 Shimizu Bank, Ltd. (The) 22,300 707,897 Shimizu Corp. 1,200,100 12,680,237 Shimojima Co., Ltd. 5,900 59,438 Shin Nippon Air Technologies Co., Ltd. 50,500 727,967 * Shin Nippon Biomedical Laboratories, Ltd. 51,100 281,199 Shin-Etsu Chemical Co., Ltd. 122,100 11,167,869 Shin-Etsu Polymer Co., Ltd. 161,600 1,565,815 Shin-Keisei Electric Railway Co., Ltd. 34,000 128,511 Shinagawa Refractories Co., Ltd. 228,000 622,043 Shindengen Electric Manufacturing Co., Ltd. 369,000 1,913,673 #* Shinkawa, Ltd. 70,000 472,055 Shinko Electric Industries Co., Ltd. 320,100 2,329,037 # Shinko Plantech Co., Ltd. 144,700 1,236,428 Shinko Shoji Co., Ltd. 96,000 1,254,510 Shinko Wire Co., Ltd. 47,000 105,264 Shinmaywa Industries, Ltd. 398,000 3,479,936 Shinnihon Corp. 130,600 1,063,776 # Shinoken Group Co., Ltd. 74,400 1,770,450 Shinsei Bank, Ltd. 2,725,000 4,491,486 Shinsho Corp. 20,200 534,592 Shinwa Co., Ltd. 14,600 290,690 Shionogi & Co., Ltd. 198,200 10,581,912 Ship Healthcare Holdings, Inc. 188,400 5,782,044 Shiseido Co., Ltd. 247,100 8,728,412 Shizuki Electric Co., Inc. 29,000 194,339 Shizuoka Bank, Ltd. (The) 788,000 7,030,524 Shizuoka Gas Co., Ltd. 231,200 1,748,729 # Shobunsha Publications, Inc. 43,700 297,226 Shochiku Co., Ltd. 49,000 671,815 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Shoei Co., Ltd. 27,100 $ 776,262 Shoei Foods Corp. 38,400 1,643,334 Shofu, Inc. 9,100 109,089 * Shoko Co., Ltd. 173,000 164,670 Showa Aircraft Industry Co., Ltd. 10,553 113,740 * Showa Corp. 240,500 2,323,259 Showa Denko K.K. 667,400 17,372,017 #* Showa Holdings Co., Ltd. 85,700 110,167 Showa Sangyo Co., Ltd. 397,000 2,157,322 Showa Shell Sekiyu K.K. 455,100 4,957,292 # SIGMAXYZ, Inc. 13,800 101,454 Siix Corp. 67,400 2,872,454 Sinanen Holdings Co., Ltd. 31,300 635,067 Sinfonia Technology Co., Ltd. 552,000 2,316,552 # Sinko Industries, Ltd. 81,600 1,246,642 Sintokogio, Ltd. 176,000 1,853,412 SK-Electronics Co., Ltd. 11,600 143,128 SKY Perfect JSAT Holdings, Inc. 655,600 2,943,005 Skylark Co., Ltd. 156,300 2,359,019 SMC Corp. 8,700 2,765,793 SMK Corp. 201,000 848,802 SMS Co., Ltd. 80,700 2,553,728 # Snow Peak, Inc. 7,300 214,612 SNT Corp. 22,400 147,005 Soda Nikka Co., Ltd. 13,000 64,470 Sodick Co., Ltd. 187,500 2,283,548 Soft99 Corp. 10,600 85,748 SoftBank Group Corp. 283,732 22,868,071 # Softbank Technology Corp. 33,600 538,924 # Softbrain Co., Ltd. 69,300 271,664 Softcreate Holdings Corp. 5,200 68,478 Software Service, Inc. 5,500 249,518 Sogo Medical Co., Ltd. 47,400 2,168,248 Sohgo Security Services Co., Ltd. 135,900 5,760,650 Sojitz Corp. 3,177,800 8,005,098 Soken Chemical & Engineering Co., Ltd. 3,600 50,545 # Soliton Systems K.K. 3,400 32,534 Sompo Holdings, Inc. 318,200 12,480,502 Sony Corp. 611,200 25,110,732 # Sony Corp. Sponsored ADR 344,389 14,144,056 # Sony Financial Holdings, Inc. 175,100 3,027,137 #* Sosei Group Corp. 38,500 3,994,483 Sotetsu Holdings, Inc. 431,000 2,110,143 Sotoh Co., Ltd. 7,300 76,436 # Sourcenext Corp. 30,800 159,796 Space Co., Ltd. 21,100 282,863 # Sparx Group Co., Ltd. 220,000 438,492 SPK Corp. 9,100 241,158 Square Enix Holdings Co., Ltd. 84,900 2,777,820 SRA Holdings 40,800 1,118,533 Srg Takamiya Co., Ltd. 78,700 411,440 ST Corp. 24,300 609,805 St Marc Holdings Co., Ltd. 78,300 2,447,184 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Stanley Electric Co., Ltd. 293,800 $ 9,705,364 Star Mica Co., Ltd. 17,800 508,333 Star Micronics Co., Ltd. 80,100 1,326,089 Start Today Co., Ltd. 186,000 5,248,313 Starts Corp., Inc. 143,500 3,749,588 Starzen Co., Ltd. 25,299 1,133,426 # Stella Chemifa Corp. 50,600 1,422,354 Step Co., Ltd. 9,200 121,860 #* Striders Corp. 152,000 88,184 Studio Alice Co., Ltd. 49,700 1,167,113 Subaru Corp. 355,200 12,814,564 Subaru Enterprise Co., Ltd. 900 50,941 Sugi Holdings Co., Ltd. 34,900 1,780,693 Sugimoto & Co., Ltd. 17,700 260,959 # Sumco Corp. 338,160 5,472,816 Sumida Corp. 92,500 1,769,370 # Suminoe Textile Co., Ltd. 241,000 677,159 Sumiseki Holdings, Inc. 135,100 133,399 Sumitomo Bakelite Co., Ltd. 721,000 5,237,813 Sumitomo Chemical Co., Ltd. 4,073,852 23,808,080 Sumitomo Corp. 924,600 12,497,642 Sumitomo Dainippon Pharma Co., Ltd. 202,100 2,831,007 Sumitomo Densetsu Co., Ltd. 75,100 1,196,100 Sumitomo Electric Industries, Ltd. 1,012,500 16,366,507 Sumitomo Forestry Co., Ltd. 435,000 6,658,774 Sumitomo Heavy Industries, Ltd. 1,369,480 9,984,079 Sumitomo Metal Mining Co., Ltd. 755,000 11,402,520 Sumitomo Mitsui Construction Co., Ltd. 4,080,900 4,437,040 Sumitomo Mitsui Financial Group, Inc. 1,064,270 41,065,688 Sumitomo Mitsui Trust Holdings, Inc. 263,873 9,690,218 Sumitomo Osaka Cement Co., Ltd. 1,763,000 8,252,275 Sumitomo Precision Products Co., Ltd. 120,000 390,161 Sumitomo Realty & Development Co., Ltd. 470,000 14,227,998 Sumitomo Riko Co., Ltd. 161,500 1,689,287 Sumitomo Rubber Industries, Ltd. 482,100 8,359,700 Sumitomo Seika Chemicals Co., Ltd. 48,200 2,423,367 Sumitomo Warehouse Co., Ltd. (The) 584,000 3,742,137 # Sun Corp. 49,800 319,022 Sun Frontier Fudousan Co., Ltd. 110,900 1,183,543 Sun-Wa Technos Corp. 35,900 610,890 Suncall Corp. 5,000 29,139 Sundrug Co., Ltd. 67,400 2,510,805 Suntory Beverage & Food, Ltd. 35,700 1,749,993 Suruga Bank, Ltd. 207,400 5,001,225 Suzuden Corp. 4,800 58,688 Suzuken Co., Ltd. 201,420 6,726,812 Suzuki Motor Corp. 282,300 13,381,393 * SWCC Showa Holdings Co., Ltd. 1,028,000 847,748 Sysmex Corp. 59,900 3,428,986 Systena Corp. 43,400 994,912 T Hasegawa Co., Ltd. 52,900 1,114,371 T RAD Co., Ltd. 275,000 868,944 T&D Holdings, Inc. 936,010 13,807,793 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) T&K Toka Co., Ltd. 51,500 $ 564,935 T-Gaia Corp. 53,400 1,068,686 # Tabuchi Electric Co., Ltd. 106,200 325,889 Tachi-S Co., Ltd. 105,700 1,928,322 Tachibana Eletech Co., Ltd. 53,680 776,337 Tachikawa Corp. 23,100 269,066 Tadano, Ltd. 410,521 5,084,533 Taihei Dengyo Kaisha, Ltd. 127,000 1,835,439 Taiheiyo Cement Corp. 3,574,363 13,412,003 Taiheiyo Kouhatsu, Inc. 335,000 321,888 Taiho Kogyo Co., Ltd. 67,600 952,971 Taikisha, Ltd. 67,500 1,815,510 Taiko Bank, Ltd. (The) 170,000 361,903 # Taiko Pharmaceutical Co., Ltd. 15,800 318,422 Taisei Corp. 1,038,399 9,939,584 Taisei Lamick Co., Ltd. 11,400 300,899 Taisho Pharmaceutical Holdings Co., Ltd. 36,200 2,711,835 Taiyo Holdings Co., Ltd. 46,500 2,209,525 # Taiyo Nippon Sanso Corp. 241,500 2,791,006 Taiyo Yuden Co., Ltd. 511,600 8,590,800 Takamatsu Construction Group Co., Ltd. 43,200 1,133,398 Takano Co., Ltd. 5,400 57,446 Takaoka Toko Co., Ltd. 46,474 778,005 Takara Holdings, Inc. 305,200 3,047,585 # Takara Leben Co., Ltd. 464,600 2,131,312 Takara Printing Co., Ltd. 20,700 308,071 Takara Standard Co., Ltd. 145,848 2,448,868 Takasago International Corp. 51,200 2,011,089 Takasago Thermal Engineering Co., Ltd. 133,700 2,231,526 Takashima & Co., Ltd. 147,000 286,493 Takashimaya Co., Ltd. 841,000 7,693,338 Take And Give Needs Co., Ltd. 43,440 305,854 TAKEBISHI Corp. 1,600 21,319 Takeda Pharmaceutical Co., Ltd. 265,800 14,041,371 Takeei Corp. 83,300 843,709 Takeuchi Manufacturing Co., Ltd. 176,400 3,419,199 Takihyo Co., Ltd. 29,000 122,026 Takisawa Machine Tool Co., Ltd. 225,000 358,864 Takuma Co., Ltd. 221,000 2,263,424 Tama Home Co., Ltd. 63,400 419,522 Tamron Co., Ltd. 66,900 1,254,895 Tamura Corp. 331,000 1,808,585 # Tanseisha Co., Ltd. 163,549 1,649,153 Tatsuta Electric Wire and Cable Co., Ltd. 180,600 1,157,823 Tayca Corp. 146,000 1,291,319 Tazmo Co., Ltd. 7,200 142,430 TBK Co., Ltd. 75,300 339,100 TDC Software Engineering, Inc. 6,600 74,588 TDK Corp. 184,100 13,231,539 TDK Corp. Sponsored ADR 46,731 3,361,361 #* Teac Corp. 413,000 191,467 Tear Corp. 6,900 49,592 TechMatrix Corp. 33,500 559,423 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) TECHNO ASSOCIE Co., Ltd. 3,000 $ 34,162 Techno Medica Co., Ltd. 1,200 21,267 Techno Ryowa, Ltd. 17,170 132,261 TechnoPro Holdings, Inc. 83,000 3,560,954 # Tecnos Japan, Inc. 35,700 355,202 Teijin, Ltd. 701,750 14,069,650 Teikoku Electric Manufacturing Co., Ltd. 64,400 669,155 Teikoku Sen-I Co., Ltd. 36,800 670,327 Teikoku Tsushin Kogyo Co., Ltd. 126,000 262,610 # Tekken Corp. 307,000 942,669 Tenma Corp. 55,100 1,111,932 Tenpos Busters Co., Ltd. 6,700 117,899 Terumo Corp. 120,500 4,556,103 THK Co., Ltd. 218,800 6,680,781 Tigers Polymer Corp. 6,200 41,737 TIS, Inc. 283,200 8,561,091 Titan Kogyo, Ltd. 8,000 16,011 TKC Corp. 53,700 1,562,204 Toa Corp.(6894434) 79,200 825,971 #* Toa Corp.(6894508) 73,700 1,203,331 Toa Oil Co., Ltd. 333,000 434,845 TOA ROAD Corp. 199,000 822,315 # Toabo Corp. 24,400 124,487 Toagosei Co., Ltd. 521,650 6,292,166 Tobishima Corp. 959,600 1,468,700 Tobu Railway Co., Ltd. 456,000 2,414,454 Tobu Store Co., Ltd. 4,500 129,533 TOC Co., Ltd. 97,600 917,145 Tocalo Co., Ltd. 52,500 2,005,955 Tochigi Bank, Ltd. (The) 242,000 984,724 Toda Corp. 762,000 5,238,524 Toda Kogyo Corp. 165,000 626,030 # Toei Animation Co., Ltd. 8,900 676,987 Toei Co., Ltd. 269,000 2,742,623 Toell Co., Ltd. 17,200 140,768 Toenec Corp. 126,000 765,103 Togami Electric Manufacturing Co., Ltd. 42,000 184,267 Toho Bank, Ltd. (The) 771,000 2,690,126 Toho Co., Ltd.(6895200) 43,700 1,574,835 Toho Co., Ltd.(6895211) 16,600 436,060 Toho Gas Co., Ltd. 460,000 3,117,322 # Toho Holdings Co., Ltd. 195,000 3,854,893 # Toho Titanium Co., Ltd. 152,100 1,177,927 Toho Zinc Co., Ltd. 701,000 3,018,435 Tohoku Bank, Ltd. (The) 291,000 400,869 Tohoku Electric Power Co., Inc. 209,300 2,851,251 Tohto Suisan Co., Ltd. 6,700 114,297 Tokai Carbon Co., Ltd. 849,200 5,480,238 Tokai Corp. 22,500 994,222 # TOKAI Holdings Corp. 385,400 2,963,710 # Tokai Lease Co., Ltd. 40,000 77,630 Tokai Rika Co., Ltd. 210,400 3,863,449 Tokai Tokyo Financial Holdings, Inc. 647,200 3,775,114 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Token Corp. 33,970 $ 4,318,793 Tokio Marine Holdings, Inc. 315,912 13,285,126 # Tokio Marine Holdings, Inc. ADR 61,104 2,578,589 Tokushu Tokai Paper Co., Ltd. 32,938 1,239,067 * Tokuyama Corp. 1,760,000 7,995,786 #* Tokyo Base Co., Ltd. 7,800 368,210 Tokyo Broadcasting System Holdings, Inc. 96,300 1,820,181 Tokyo Century Corp. 164,130 6,990,959 Tokyo Dome Corp. 272,400 2,621,771 * Tokyo Electric Power Co. Holdings, Inc. 668,812 2,836,893 Tokyo Electron Device, Ltd. 24,600 398,763 Tokyo Electron, Ltd. 90,800 12,769,901 Tokyo Energy & Systems, Inc. 92,000 900,352 Tokyo Gas Co., Ltd. 923,000 4,897,278 # Tokyo Individualized Educational Institute, Inc. 48,000 552,500 # Tokyo Keiki, Inc. 305,000 801,761 #* Tokyo Kikai Seisakusho, Ltd. 95,000 64,520 Tokyo Ohka Kogyo Co., Ltd. 105,200 3,424,446 Tokyo Radiator Manufacturing Co., Ltd. 3,600 33,355 Tokyo Rakutenchi Co., Ltd. 5,400 287,465 # Tokyo Rope Manufacturing Co., Ltd. 63,499 972,381 Tokyo Sangyo Co., Ltd. 53,600 222,949 Tokyo Seimitsu Co., Ltd. 127,300 4,415,564 Tokyo Steel Manufacturing Co., Ltd. 359,600 3,082,555 Tokyo Tatemono Co., Ltd. 496,900 6,761,139 Tokyo Tekko Co., Ltd. 122,000 502,145 # Tokyo Theatres Co., Inc. 301,000 395,650 Tokyo TY Financial Group, Inc. 108,574 2,889,548 Tokyotokeiba Co., Ltd. 47,800 1,552,102 Tokyu Construction Co., Ltd. 422,480 3,378,550 Tokyu Corp. 244,000 3,590,453 Tokyu Fudosan Holdings Corp. 1,699,294 10,193,331 # Tokyu Recreation Co., Ltd. 22,819 173,620 Toli Corp. 148,700 483,824 Tomato Bank, Ltd. 18,900 263,450 Tomen Devices Corp. 3,000 65,453 Tomoe Corp. 92,300 305,658 Tomoe Engineering Co., Ltd. 28,300 465,240 Tomoegawa Co., Ltd. 32,000 78,097 Tomoku Co., Ltd. 166,000 586,988 TOMONY Holdings, Inc. 566,300 2,769,285 Tomy Co., Ltd. 339,300 4,150,459 Tonami Holdings Co., Ltd. 205,000 806,011 Topcon Corp. 290,200 4,965,177 Toppan Forms Co., Ltd. 202,000 2,100,296 Toppan Printing Co., Ltd. 801,000 8,464,734 Topre Corp. 168,500 4,441,813 Topy Industries, Ltd. 72,500 2,226,666 Toray Industries, Inc. 1,906,600 17,216,445 # Torex Semiconductor, Ltd. 20,000 332,802 Toridoll Holdings Corp. 63,400 1,777,123 Torigoe Co., Ltd. (The) 14,400 107,061 Torii Pharmaceutical Co., Ltd. 60,500 1,689,512 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ JAPAN -- (Continued) # Torikizoku Co., Ltd. 17,800 $ 416,411 Torishima Pump Manufacturing Co., Ltd. 71,000 725,609 Tosei Corp. 134,700 1,052,789 #* Toshiba Corp. 1,415,000 3,210,682 Toshiba Machine Co., Ltd. 467,000 2,217,606 Toshiba Plant Systems & Services Corp. 122,300 1,991,573 Toshiba TEC Corp. 538,000 2,977,894 Tosho Co., Ltd. 19,500 900,656 # Tosho Printing Co., Ltd. 140,000 690,856 Tosoh Corp. 1,779,000 21,063,590 Totech Corp. 3,600 65,279 Totetsu Kogyo Co., Ltd. 87,800 2,741,302 TOTO, Ltd. 110,000 4,426,553 Tottori Bank, Ltd. (The) 14,800 228,404 Toukei Computer Co., Ltd. 11,000 280,273 # Tow Co., Ltd. 71,000 566,744 Towa Bank, Ltd. (The) 1,270,000 1,414,475 # Towa Corp. 140,000 2,181,146 Towa Pharmaceutical Co., Ltd. 40,400 1,951,407 Toyo Construction Co., Ltd. 277,800 1,189,188 Toyo Corp. 77,500 747,576 Toyo Denki Seizo K.K. 28,300 493,845 # Toyo Engineering Corp. 577,000 1,517,575 Toyo Ink SC Holdings Co., Ltd. 817,000 4,233,265 Toyo Kanetsu K.K. 464,000 1,518,787 Toyo Kohan Co., Ltd. 227,300 999,147 Toyo Machinery & Metal Co., Ltd. 68,300 493,396 Toyo Securities Co., Ltd. 313,000 710,917 Toyo Seikan Group Holdings, Ltd. 413,000 6,770,034 Toyo Sugar Refining Co., Ltd. 29,000 31,550 Toyo Suisan Kaisha, Ltd. 71,800 2,608,504 Toyo Tanso Co., Ltd. 48,600 813,417 Toyo Tire & Rubber Co., Ltd. 458,900 9,419,629 Toyo Wharf & Warehouse Co., Ltd. 258,000 439,960 Toyobo Co., Ltd. 3,964,773 7,549,346 Toyoda Gosei Co., Ltd. 274,400 6,474,337 Toyota Boshoku Corp. 184,300 3,849,014 Toyota Industries Corp. 127,800 6,856,714 Toyota Motor Corp. 2,741,740 154,524,022 # Toyota Motor Corp. Sponsored ADR 408,823 46,131,587 Toyota Tsusho Corp. 467,446 15,027,471 TPR Co., Ltd. 102,100 3,224,230 Trancom Co., Ltd. 35,600 1,759,446 # Transaction Co., Ltd. 17,400 180,524 Transcosmos, Inc. 72,000 1,730,398 Trend Micro, Inc. 53,600 2,680,657 Trend Micro, Inc. Sponsored ADR 3,540 177,531 # Tri Chemical Laboratories, Inc. 11,600 318,465 Trinity Industrial Corp. 3,000 23,378 Trusco Nakayama Corp. 134,022 3,437,416 Trust Tech, Inc. 17,200 361,430 TS Tech Co., Ltd. 222,700 6,600,290 TSI Holdings Co., Ltd. 403,690 2,915,184 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # Tsubaki Nakashima Co., Ltd. 26,200 $ 525,868 Tsubakimoto Chain Co. 585,000 4,963,396 Tsubakimoto Kogyo Co., Ltd. 24,000 110,229 #* Tsudakoma Corp. 204,000 349,561 Tsugami Corp. 137,000 1,098,197 Tsukada Global Holdings, Inc. 66,400 361,342 Tsukamoto Corp. Co., Ltd. 37,000 43,279 Tsukishima Kikai Co., Ltd. 101,100 1,146,186 Tsukuba Bank, Ltd. 314,500 942,915 Tsukui Corp. 212,800 1,292,241 Tsumura & Co. 179,400 6,972,651 Tsuruha Holdings, Inc. 35,100 3,682,739 Tsurumi Manufacturing Co., Ltd. 54,100 906,077 Tsutsumi Jewelry Co., Ltd. 29,400 531,981 TV Asahi Holdings Corp. 88,200 1,603,775 Tv Tokyo Holdings Corp. 57,200 1,190,014 TYK Corp. 34,000 66,238 #* U-Shin, Ltd. 84,900 570,199 UACJ Corp. 1,144,144 3,377,008 Ube Industries, Ltd. 4,980,200 13,490,720 Uchida Yoko Co., Ltd. 23,800 592,571 Uchiyama Holdings Co., Ltd. 19,300 81,393 UKC Holdings Corp. 58,400 877,252 Ulvac, Inc. 172,500 9,248,666 # UMC Electronics Co Ltd 3,900 67,370 Unicharm Corp. 86,400 2,216,804 Uniden Holdings Corp. 279,000 664,295 Union Tool Co. 22,900 679,822 Unipres Corp. 201,700 4,691,003 United Arrows, Ltd. 69,600 2,109,457 United Super Markets Holdings, Inc. 187,900 1,906,727 * Unitika, Ltd. 2,198,000 1,554,372 Universal Entertainment Corp. 73,300 2,102,946 # Unizo Holdings Co., Ltd. 71,600 1,661,291 # Urbanet Corp. Co., Ltd. 78,900 315,496 Ushio, Inc. 436,500 6,126,001 USS Co., Ltd. 93,200 1,882,760 * UT Group Co., Ltd. 63,700 1,143,603 Utoc Corp. 35,900 145,232 # V Technology Co., Ltd. 13,000 2,225,626 * V-Cube, Inc. 32,300 181,814 Valor Holdings Co., Ltd. 193,600 4,375,332 ValueCommerce Co., Ltd. 72,700 451,386 Vector, Inc. 53,300 775,765 # VeriServe Corp. 10,800 330,734 VIA Holdings, Inc. 24,900 218,365 # Village Vanguard Co., Ltd. 16,800 156,121 #* Vision, Inc. 6,000 144,003 # Vital KSK Holdings, Inc. 170,085 1,362,323 Vitec Holdings Co., Ltd. 37,800 483,639 # Voyage Group, Inc. 43,200 813,461 VT Holdings Co., Ltd. 442,000 2,259,416 # W-Scope Corp. 23,800 505,279 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Wacoal Holdings Corp. 455,000 $ 6,391,768 # Wakachiku Construction Co., Ltd. 519,000 818,889 Wakamoto Pharmaceutical Co., Ltd. 9,000 22,693 Wakita & Co., Ltd. 170,200 1,919,515 Warabeya Nichiyo Holdings Co., Ltd. 60,700 1,638,951 Watahan & Co., Ltd. 11,400 240,402 # WATAMI Co., Ltd. 73,700 900,950 Watts Co., Ltd. 3,700 48,444 WDB Holdings Co., Ltd. 10,900 227,889 Weathernews, Inc. 11,100 345,163 Welcia Holdings Co., Ltd. 59,544 2,262,696 # Wellnet Corp. 30,500 378,233 # West Holdings Corp. 86,800 670,013 West Japan Railway Co. 70,400 5,053,255 WIN-Partners Co., Ltd. 17,400 220,519 WirelessGate, Inc. 17,400 227,986 Wood One Co., Ltd. 191,000 499,101 # World Holdings Co., Ltd. 39,300 956,185 Wowow, Inc. 31,500 915,181 Xebio Holdings Co., Ltd. 103,700 1,953,112 YA-MAN, Ltd. 5,400 416,664 # YAC Holdings Co., Ltd. 37,200 461,400 Yachiyo Industry Co., Ltd. 11,900 137,777 Yahagi Construction Co., Ltd. 106,200 880,030 # Yahoo Japan Corp. 341,400 1,545,154 Yaizu Suisankagaku Industry Co., Ltd. 12,300 134,825 Yakult Honsha Co., Ltd. 20,800 1,417,427 # Yakuodo Co., Ltd. 21,500 587,234 YAMABIKO Corp. 155,240 1,877,026 # Yamada Denki Co., Ltd. 975,272 5,208,777 # Yamagata Bank, Ltd. (The) 512,000 2,324,246 Yamaguchi Financial Group, Inc. 505,000 5,943,763 Yamaha Corp. 230,800 8,161,826 Yamaha Motor Co., Ltd. 488,000 12,256,386 Yamaichi Electronics Co., Ltd. 118,300 2,302,982 Yamanashi Chuo Bank, Ltd. (The) 591,000 2,414,030 Yamatane Corp. 47,000 695,724 Yamato Corp. 34,400 213,960 # Yamato Holdings Co., Ltd. 301,100 6,043,777 Yamato Kogyo Co., Ltd. 162,100 4,543,720 Yamaya Corp. 13,910 201,536 Yamazaki Baking Co., Ltd. 244,700 4,908,832 Yamazen Corp. 169,400 1,739,095 Yaoko Co., Ltd. 75,300 3,249,059 Yashima Denki Co., Ltd. 2,100 17,479 Yaskawa Electric Corp. 404,600 10,847,028 Yasuda Logistics Corp. 50,300 353,168 # Yasunaga Corp. 36,400 540,557 Yellow Hat, Ltd. 57,200 1,477,189 Yodogawa Steel Works, Ltd. 99,700 2,741,440 Yokogawa Bridge Holdings Corp. 142,800 2,172,671 Yokogawa Electric Corp. 569,700 9,588,003 # Yokohama Reito Co., Ltd. 229,300 2,280,305 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- JAPAN -- (Continued) # Yokohama Rubber Co., Ltd. (The) 485,200 $ 9,770,806 # Yokowo Co., Ltd. 52,300 691,403 Yomeishu Seizo Co., Ltd. 3,700 71,106 # Yomiuri Land Co., Ltd. 157,000 748,515 Yondenko Corp. 33,400 183,760 Yondoshi Holdings, Inc. 49,400 1,240,741 # Yonex Co., Ltd. 20,296 194,457 Yorozu Corp. 79,100 1,335,141 # Yoshinoya Holdings Co., Ltd. 108,100 1,827,755 Yuasa Funashoku Co., Ltd. 24,000 73,599 Yuasa Trading Co., Ltd. 52,100 1,669,307 Yuken Kogyo Co., Ltd. 112,000 237,612 Yuki Gosei Kogyo Co., Ltd. 11,000 28,460 # Yume No Machi Souzou Iinkai Co., Ltd. 28,700 326,867 # Yumeshin Holdings Co., Ltd. 88,400 602,525 Yurtec Corp. 168,000 1,140,475 Yusen Logistics Co., Ltd. 78,500 711,182 # Yushin Precision Equipment Co., Ltd. 8,426 211,715 Yushiro Chemical Industry Co., Ltd. 34,300 466,992 Yutaka Foods Corp. 4,000 68,209 Yutaka Giken Co., Ltd. 200 4,578 Zappallas, Inc. 11,600 53,433 Zenitaka Corp. (The) 106,000 456,795 Zenkoku Hosho Co., Ltd. 64,100 2,756,477 Zenrin Co., Ltd. 74,800 2,302,037 Zensho Holdings Co., Ltd. 299,000 5,408,666 # Zeon Corp. 716,000 8,932,890 # ZERIA Pharmaceutical Co., Ltd. 47,299 824,257 * ZIGExN Co., Ltd. 41,000 597,911 # Zojirushi Corp. 155,800 1,626,514 # Zuiko Corp. 12,400 437,491 Zuken, Inc. 34,800 457,629 -------------- TOTAL JAPAN 5,550,549,858 -------------- NETHERLANDS -- (2.7%) Aalberts Industries NV 472,338 20,623,041 ABN AMRO Group NV 415,633 11,747,966 Accell Group 114,318 3,484,848 Aegon NV(007924103) 267,323 1,488,989 Aegon NV(5927375) 3,369,672 18,888,532 Akzo Nobel NV 463,386 41,952,214 #* Altice NV Class A 203,842 5,022,146 * Altice NV Class B 51,303 1,267,465 AMG Advanced Metallurgical Group NV 153,432 5,296,485 Amsterdam Commodities NV 80,882 2,402,584 APERAM SA 261,067 12,688,687 Arcadis NV 202,818 4,147,678 * ArcelorMittal(BYPBS67) 687,173 18,091,988 #* ArcelorMittal(03938L203) 996,723 26,074,279 ASM International NV 231,069 13,905,211 ASML Holding NV(B929F46) 56,437 8,510,760 # ASML Holding NV(B908F01) 39,731 5,972,761 BE Semiconductor Industries NV 322,412 20,972,425 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ NETHERLANDS -- (Continued) # Beter Bed Holding NV 37,341 $ 693,230 # BinckBank NV 301,453 1,658,193 Boskalis Westminster 348,558 12,466,756 # Brunel International NV 79,561 1,222,631 Coca-Cola European Partners P.L.C. 83,401 3,619,859 Corbion NV 307,304 9,924,797 Flow Traders 22,323 675,959 * Fugro NV 250,796 4,028,318 Gemalto NV(B011JK4) 74,447 3,794,895 Gemalto NV(B9MS8P5) 158,941 8,096,647 # GrandVision NV 69,149 1,954,066 #* Heijmans NV 106,453 900,272 # Heineken NV 158,024 16,489,673 Hunter Douglas NV 6,214 543,730 IMCD Group NV 33,523 1,876,924 ING Groep NV 1,674,116 31,278,908 # ING Groep NV Sponsored ADR 1,450,175 27,161,777 Intertrust NV 1,398 23,979 KAS Bank NV 54,020 623,235 Kendrion NV 56,047 2,391,010 Koninklijke Ahold Delhaize NV 2,136,192 43,693,778 Koninklijke Ahold Delhaize NV Sponsored ADR 13,329 272,445 Koninklijke BAM Groep NV 882,234 5,246,112 Koninklijke DSM NV 320,495 23,642,371 # Koninklijke KPN NV 6,316,241 22,904,885 Koninklijke Philips NV(5986622) 705,461 26,959,926 Koninklijke Philips NV(500472303) 545,396 20,817,765 Koninklijke Vopak NV 255,519 12,165,869 # Nederland Apparatenfabriek 10,403 477,839 NN Group NV 475,629 19,279,079 #* OCI NV 338,296 7,247,508 # Ordina NV 355,998 665,218 PostNL NV 1,155,580 5,469,698 Randstad Holding NV 450,175 27,143,647 Refresco Group NV 45,345 885,988 RELX NV 437,454 9,188,459 RELX NV Sponsored ADR 145,058 3,062,174 SBM Offshore NV 778,692 13,466,087 Sligro Food Group NV 72,562 3,282,020 * Telegraaf Media Groep NV 22,328 159,090 TKH Group NV 197,399 12,073,319 * TomTom NV 505,008 5,360,563 Unilever NV(B12T3J1) 301,155 17,550,594 Unilever NV(904784709) 234,970 13,668,205 Van Lanschot Kempen NV 21,715 644,020 # Wessanen 378,390 6,671,783 Wolters Kluwer NV 580,125 25,800,152 ------------ TOTAL NETHERLANDS 679,761,512 ------------ NEW ZEALAND -- (0.4%) #* a2 Milk Co., Ltd. 1,472,795 4,884,061 Abano Healthcare Group, Ltd. 13,023 100,745 Air New Zealand, Ltd. 2,664,301 6,707,565 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- NEW ZEALAND -- (Continued) Auckland International Airport, Ltd. 651,077 $3,403,826 Chorus, Ltd. 769,889 2,579,891 Chorus, Ltd. ADR 10,487 170,833 Comvita, Ltd. 5,106 23,369 Contact Energy, Ltd. 854,495 3,440,746 EBOS Group, Ltd. 242,056 3,288,250 Fisher & Paykel Healthcare Corp., Ltd. 870,919 7,176,302 Fletcher Building, Ltd.(6341606) 936,209 5,620,009 Fletcher Building, Ltd.(6341617) 94,146 565,388 # Fonterra Co-operative Group, Ltd. 124,383 565,275 Freightways, Ltd. 274,721 1,639,980 Genesis Energy, Ltd. 1,014,796 1,890,366 Gentrack Group, Ltd. 10,448 39,240 Hallenstein Glasson Holdings, Ltd. 16,145 37,559 Heartland Bank, Ltd. 378,895 517,905 Infratil, Ltd. 1,282,568 2,977,609 Kathmandu Holdings, Ltd. 90,914 155,055 # Mainfreight, Ltd. 267,453 4,880,786 Mercury NZ, Ltd. 584,779 1,529,277 Meridian Energy, Ltd. 589,072 1,274,265 Metlifecare, Ltd. 407,752 1,712,009 # Metro Performance Glass, Ltd. 118,709 137,322 * New Zealand Oil & Gas, Ltd. 166,463 74,963 New Zealand Refining Co., Ltd. (The) 250,679 464,804 # NZME, Ltd. 1,016,313 708,061 NZX, Ltd. 169,734 150,261 * Pacific Edge, Ltd. 20,054 6,772 PGG Wrightson, Ltd. 151,904 66,190 # Port of Tauranga, Ltd. 583,389 2,050,263 Restaurant Brands New Zealand, Ltd. 236,392 1,138,807 * Rubicon, Ltd. 64,229 10,830 # Ryman Healthcare, Ltd. 370,085 2,450,979 Sanford, Ltd. 33,982 185,192 Scales Corp., Ltd. 52,168 133,621 Skellerup Holdings, Ltd. 106,171 134,007 SKY Network Television, Ltd. 701,222 1,742,872 SKYCITY Entertainment Group, Ltd. 2,203,221 6,686,290 Spark New Zealand, Ltd. 3,405,015 9,590,608 Steel & Tube Holdings, Ltd. 114,165 189,443 Summerset Group Holdings, Ltd. 800,952 2,917,657 Tilt Renewables, Ltd. 102,170 165,797 Tourism Holdings, Ltd. 471,804 1,517,500 * Tower, Ltd. 375,850 265,323 Trade Me Group, Ltd. 980,360 4,030,821 Trilogy International, Ltd. 4,885 9,747 # Trustpower, Ltd. 122,905 535,486 Vector, Ltd. 404,395 1,033,408 Warehouse Group, Ltd. (The) 193,655 314,165 * Xero, Ltd. 51,452 1,019,432 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- NEW ZEALAND -- (Continued) Z Energy, Ltd. 341,314 $ 1,984,348 ----------- TOTAL NEW ZEALAND 94,895,280 ----------- NORWAY -- (0.8%) ABG Sundal Collier Holding ASA 1,338,928 928,687 AF Gruppen ASA 13,156 250,335 #* Akastor ASA 623,189 1,276,625 Aker ASA Class A 98,852 3,743,322 Aker BP ASA 318,898 6,023,960 * Aker Solutions ASA 504,147 2,521,447 # American Shipping Co. ASA 125,943 396,466 * Archer, Ltd. 41,058 60,529 Atea ASA 353,886 4,339,148 Austevoll Seafood ASA 504,845 4,484,441 #* Avance Gas Holding, Ltd. 203,794 623,033 #* Axactor AB 2,282,997 741,833 Bakkafrost P/F 135,519 5,321,190 Bonheur ASA 85,816 885,430 Borregaard ASA 302,441 3,782,727 BW LPG, Ltd. 298,962 1,348,047 #* BW Offshore, Ltd. 414,980 1,278,971 DNB ASA 743,879 14,613,119 #* DNO ASA 1,091,758 1,273,395 #* DOF ASA 907,596 107,496 Ekornes ASA 56,254 815,997 Entra ASA 133,152 1,769,792 #* Fred Olsen Energy ASA 184,709 270,021 # Frontline, Ltd. 150,663 873,533 * Funcom NV 577,206 211,819 Gjensidige Forsikring ASA 163,136 2,823,442 # Golar LNG, Ltd. 19,800 471,438 Grieg Seafood ASA 387,574 3,181,755 #* Hexagon Composites ASA 132,703 470,515 # Hoegh LNG Holdings, Ltd. 69,111 775,041 * Kongsberg Automotive ASA 2,256,768 2,391,094 Kongsberg Gruppen ASA 80,522 1,369,297 * Kvaerner ASA 869,309 1,268,833 Leroy Seafood Group ASA 604,960 3,511,384 # Marine Harvest ASA 334,597 6,238,051 #* NEL ASA 422,649 139,402 #* Nordic Semiconductor ASA 273,192 1,349,276 Norsk Hydro ASA 1,351,009 8,717,445 #* Norwegian Air Shuttle ASA 157,710 3,872,214 * Norwegian Finans Holding ASA 4,239 45,539 # Ocean Yield ASA 128,992 1,101,938 * Odfjell Drilling, Ltd. 125,625 340,298 Odfjell SE Class A 45,023 169,632 Olav Thon Eiendomsselskap ASA 17,579 376,188 Opera Software ASA 248,315 1,027,282 Orkla ASA 446,815 4,602,664 #* Petroleum Geo-Services ASA 1,245,991 2,732,724 * PhotoCure ASA 13,583 40,491 #* Prosafe SE 22,884 88,508 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ NORWAY -- (Continued) # Protector Forsikring ASA 170,490 $ 1,668,581 #* Q-Free ASA 66,600 75,244 #* REC Silicon ASA 12,403,323 1,522,439 Salmar ASA 75,927 1,973,980 Scatec Solar ASA 198,237 1,163,039 # Schibsted ASA Class A 51,459 1,312,763 Schibsted ASA Class B 43,166 1,009,775 #* Seadrill, Ltd.(B09RMQ1) 515,558 192,440 #* Seadrill, Ltd.(B0HWHV8) 1,023,981 377,542 Selvaag Bolig ASA 124,964 580,003 #* Sevan Marine ASA 66,506 110,438 Skandiabanken ASA 2,451 27,588 * Solstad Farstad ASA 30,480 36,387 #* Songa Offshore 120,200 538,901 SpareBank 1 SMN 23,872 241,069 SpareBank 1 SR-Bank ASA 321,027 3,204,149 # Statoil ASA 838,889 15,766,142 # Statoil ASA Sponsored ADR 654,177 12,272,360 Stolt-Nielsen, Ltd. 98,224 1,501,161 Storebrand ASA 1,273,900 10,625,896 Subsea 7 SA 778,473 11,535,312 Telenor ASA 266,055 5,311,399 # TGS NOPEC Geophysical Co. ASA 379,734 8,024,782 Tomra Systems ASA 327,758 4,658,529 Treasure ASA 230,594 477,364 Veidekke ASA 150,731 1,992,506 * Wallenius Wilhelmsen Logistics 171,455 1,071,809 Wilh Wilhelmsen Holding ASA Class A 43,827 1,377,844 # XXL ASA 72,832 709,392 Yara International ASA 181,802 7,225,936 ------------ TOTAL NORWAY 201,630,584 ------------ PORTUGAL -- (0.2%) Altri SGPS SA 417,536 1,896,257 * Banco Comercial Portugues SA Class R 14,763,859 4,208,293 CTT-Correios de Portugal SA 213,315 1,391,034 EDP - Energias de Portugal SA 1,315,734 4,671,442 EDP - Energias de Portugal SA Sponsored ADR 7,202 256,103 EDP Renovaveis SA 674,715 5,392,218 Galp Energia SGPS SA 833,384 13,351,240 Jeronimo Martins SGPS SA 239,425 4,709,088 # Mota-Engil SGPS SA 516,123 1,451,859 Navigator Co. SA (The) 1,129,329 4,867,627 NOS SGPS SA 879,429 5,596,636 Novabase SGPS SA 12,258 46,259 # REN - Redes Energeticas Nacionais SGPS SA 659,509 2,137,136 Semapa-Sociedade de Investimento e Gestao 56,374 1,095,698 Sonae Capital SGPS SA 314,543 300,347 Sonae SGPS SA 5,824,587 6,693,396 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- PORTUGAL -- (Continued) Teixeira Duarte SA 243,459 $ 95,555 ----------- TOTAL PORTUGAL 58,160,188 ----------- SINGAPORE -- (1.1%) * Abterra, Ltd. 189,000 31,960 Accordia Golf Trust 752,800 391,476 AEM Holdings, Ltd. 36,700 73,105 Amara Holdings, Ltd. 248,000 93,281 # Ascendas India Trust 822,100 697,344 * ASL Marine Holdings, Ltd. 99,300 9,487 * Banyan Tree Holdings, Ltd. 513,300 208,247 Best World International, Ltd. 575,600 653,446 Bonvests Holdings, Ltd. 51,600 49,661 * Boustead Projects, Ltd. 147,404 101,456 Boustead Singapore, Ltd. 1,032,767 723,155 Breadtalk Group, Ltd. 379,200 489,726 Broadway Industrial Group, Ltd. 280,699 28,368 # Bukit Sembawang Estates, Ltd. 212,100 1,065,321 Bund Center Investment, Ltd. 316,000 183,178 CapitaLand, Ltd. 3,573,000 9,719,762 Centurion Corp., Ltd. 934,900 355,348 # China Aviation Oil Singapore Corp., Ltd. 615,600 744,873 China Sunsine Chemical Holdings, Ltd. 497,300 327,133 # Chip Eng Seng Corp., Ltd. 1,794,800 959,479 CITIC Envirotech, Ltd. 300,300 166,479 City Developments, Ltd. 882,700 7,326,992 Civmec, Ltd. 303,700 136,677 ComfortDelGro Corp., Ltd. 4,573,869 7,793,013 * Cordlife Group, Ltd. 93,800 62,554 #* COSCO Shipping International Singapore Co., Ltd. 4,515,100 1,015,025 CSE Global, Ltd. 1,980,900 606,290 # CWT, Ltd. 1,340,700 2,046,856 Dairy Farm International Holdings, Ltd. 150,500 1,213,430 DBS Group Holdings, Ltd. 1,208,070 19,273,087 Del Monte Pacific, Ltd. 1,725,882 394,406 Delfi, Ltd. 171,000 252,910 * DMX Technologies Group, Ltd. 256,000 3,696 # Duty Free International, Ltd. 140,400 32,079 * Dyna-Mac Holdings, Ltd. 1,489,000 151,461 Elec & Eltek International Co., Ltd. 20,000 33,196 #* Ezion Holdings, Ltd. 7,964,848 1,410,533 #* Ezra Holdings, Ltd. 10,009,145 61,304 * Falcon Energy Group, Ltd. 1,074,000 42,775 Far East Orchard, Ltd. 329,236 375,878 First Resources, Ltd. 2,225,500 3,068,925 # Food Empire Holdings, Ltd. 892,400 433,945 Fragrance Group, Ltd. 1,448,000 175,372 Frasers Centrepoint, Ltd. 470,300 668,077 Frencken Group, Ltd. 219,900 80,958 Fu Yu Corp., Ltd. 1,669,200 246,185 * Gallant Venture, Ltd. 2,204,900 224,800 Genting Singapore P.L.C. 5,184,400 4,454,395 # Geo Energy Resources, Ltd. 2,158,100 405,844 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- SINGAPORE -- (Continued) GL, Ltd. 1,487,700 $ 806,791 Global Logistic Properties, Ltd. 1,590,500 3,881,820 Golden Agri-Resources, Ltd. 21,084,269 6,139,340 * Golden Energy & Resources, Ltd. 98,900 27,672 GP Industries, Ltd. 174,000 77,681 Great Eastern Holdings, Ltd. 44,200 815,066 * GSH Corp., Ltd. 52,560 20,771 # GuocoLand, Ltd. 453,821 637,700 * Halcyon Agri Corp., Ltd. 805,846 327,418 Haw Par Corp., Ltd. 4,500 34,885 # Health Management International, Ltd. 674,626 330,881 Hi-P International, Ltd. 636,600 478,960 Hiap Hoe, Ltd. 128,000 69,955 Ho Bee Land, Ltd. 819,100 1,461,540 Hong Fok Corp., Ltd. 1,202,988 696,173 Hong Leong Asia, Ltd. 405,800 324,568 Hongkong Land Holdings, Ltd. 271,900 2,043,189 Hotel Grand Central, Ltd. 158,145 157,571 Hour Glass, Ltd. (The) 150,000 74,529 Hutchison Port Holdings Trust 17,124,200 8,128,909 Hwa Hong Corp., Ltd. 280,000 66,277 Hyflux, Ltd. 1,920,900 679,885 Indofood Agri Resources, Ltd. 2,179,900 796,291 InnoTek, Ltd. 87,000 24,992 * IPC Corp., Ltd. 115,900 36,702 # Japfa, Ltd. 2,028,400 867,378 Jardine Cycle & Carriage, Ltd. 81,197 2,417,798 k1 Ventures, Ltd. 444,340 237,817 # Keppel Corp., Ltd. 2,075,800 9,816,844 Keppel Infrastructure Trust 2,670,753 1,083,745 Keppel Telecommunications & Transportation, Ltd. 285,500 329,707 Koh Brothers Group, Ltd. 193,000 41,228 #* KrisEnergy, Ltd. 1,144,300 122,356 KSH Holdings, Ltd. 244,250 146,912 Lian Beng Group, Ltd. 1,606,300 717,152 # Low Keng Huat Singapore, Ltd. 293,000 137,796 Lum Chang Holdings, Ltd. 160,000 41,317 # M1, Ltd. 1,025,700 1,366,103 Mandarin Oriental International, Ltd. 53,900 108,967 Metro Holdings, Ltd. 1,203,900 1,034,181 Mewah International, Inc. 47,900 10,242 #* Midas Holdings, Ltd. 4,992,700 754,175 * Nam Cheong, Ltd. 5,757,000 84,965 Nera Telecommunications, Ltd. 43,600 12,226 #* Noble Group, Ltd. 4,777,660 1,319,088 NSL, Ltd. 75,000 79,081 Olam International, Ltd. 1,337,100 1,923,738 OUE, Ltd. 1,224,800 1,807,209 Oversea-Chinese Banking Corp., Ltd. 1,793,287 15,019,420 # Oxley Holdings, Ltd. 1,554,200 664,639 * Pacc Offshore Services Holdings, Ltd. 79,700 16,731 * Pacific Radiance, Ltd. 92,100 7,066 Pan-United Corp., Ltd. 335,000 138,507 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SINGAPORE -- (Continued) * Penguin International, Ltd. 434,733 $ 83,647 Perennial Real Estate Holdings, Ltd. 19,100 12,387 # Q&M Dental Group Singapore, Ltd. 815,600 385,038 QAF, Ltd. 893,484 860,284 * Raffles Education Corp., Ltd. 2,126,667 303,833 # Raffles Medical Group, Ltd. 2,274,006 2,157,469 RHT Health Trust 1,983,400 1,302,128 # Riverstone Holdings, Ltd. 365,900 284,839 Rotary Engineering, Ltd. 732,200 194,307 #* Rowsley, Ltd. 1,711,900 150,124 SATS, Ltd. 1,233,392 4,394,431 SBS Transit, Ltd. 54,000 102,381 SembCorp Industries, Ltd. 4,971,300 11,839,460 # SembCorp Marine, Ltd. 1,975,000 2,454,352 Sheng Siong Group, Ltd. 2,151,800 1,500,399 SHS Holdings, Ltd. 948,600 154,152 SIA Engineering Co., Ltd. 92,400 248,073 # SIIC Environment Holdings, Ltd. 3,286,280 1,176,159 # Sinarmas Land, Ltd. 4,301,400 1,347,608 Sing Holdings, Ltd. 263,000 71,737 Singapore Airlines, Ltd. 1,625,500 12,457,190 Singapore Exchange, Ltd. 689,100 3,846,085 # Singapore Post, Ltd. 6,672,516 6,471,235 # Singapore Press Holdings, Ltd. 1,035,600 2,223,398 Singapore Reinsurance Corp., Ltd. 55,000 13,000 Singapore Shipping Corp., Ltd. 137,000 28,303 Singapore Technologies Engineering, Ltd. 921,500 2,562,353 Singapore Telecommunications, Ltd.(B02PY00) 184,000 538,700 Singapore Telecommunications, Ltd.(B02PY22) 3,054,350 8,940,792 #* Sino Grandness Food Industry Group, Ltd. 2,417,163 391,858 Stamford Land Corp., Ltd. 1,198,100 460,044 # StarHub, Ltd. 1,499,810 3,020,782 Sunningdale Tech, Ltd. 649,180 967,039 * SunVic Chemical Holdings, Ltd. 638,600 41,836 #* Swiber Holdings, Ltd. 1,301,500 19,592 * Tat Hong Holdings, Ltd. 1,342,080 366,058 Tiong Woon Corp. Holding, Ltd. 160,750 29,032 Tuan Sing Holdings, Ltd. 2,483,430 612,658 # UMS Holdings, Ltd. 1,644,550 1,285,544 United Engineers, Ltd. 2,465,604 4,762,985 United Industrial Corp., Ltd. 722,823 1,711,735 United Overseas Bank, Ltd. 988,589 17,493,672 UOB-Kay Hian Holdings, Ltd. 530,314 539,938 UOL Group, Ltd. 1,279,388 7,444,031 UPP Holdings, Ltd. 1,027,400 197,005 Valuetronics Holdings, Ltd. 1,268,060 757,652 Venture Corp., Ltd. 1,204,900 11,705,219 # Vibrant Group, Ltd. 1,090,017 310,031 Vicom, Ltd. 2,400 10,041 Wee Hur Holdings, Ltd. 917,300 162,555 Wheelock Properties Singapore, Ltd. 909,347 1,254,384 Wilmar International, Ltd. 1,930,800 4,753,163 Wing Tai Holdings, Ltd. 2,404,624 3,618,649 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SINGAPORE -- (Continued) Yeo Hiap Seng, Ltd. 63,135 $ 60,326 YHI International, Ltd. 48,000 13,544 * Yongnam Holdings, Ltd. 891,000 154,533 Zhongmin Baihui Retail Group, Ltd. 7,800 5,978 ------------ TOTAL SINGAPORE 265,762,650 ------------ SPAIN -- (2.5%) Abertis Infraestructuras SA 565,508 11,150,270 Acciona SA 157,143 13,432,499 Acerinox SA 417,932 5,365,445 ACS Actividades de Construccion y Servicios SA 316,500 12,120,851 # Adveo Group International SA 60,568 225,313 Aena SA 49,753 9,724,121 Almirall SA 209,074 2,022,188 # Amadeus IT Group SA 281,458 17,324,836 #* Amper SA 2,253,779 635,649 Applus Services SA 316,660 4,078,513 Atresmedia Corp. de Medios de Comunicacion SA 203,930 2,393,492 Azkoyen SA 33,625 306,773 Banco Bilbao Vizcaya Argentaria SA 3,140,362 28,413,002 # Banco Bilbao Vizcaya Argentaria SA Sponsored ADR 1,049,584 9,530,223 Banco de Sabadell SA 11,966,230 26,722,055 Banco Santander SA 10,916,085 74,318,535 # Banco Santander SA Sponsored ADR 2,375,051 16,197,847 Bankia SA 1,525,181 7,708,761 Bankinter SA 1,300,832 12,660,203 * Baron de Ley 4,292 545,724 # Bolsas y Mercados Espanoles SHMSF SA 209,838 7,696,447 CaixaBank SA 4,002,306 20,846,586 Cellnex Telecom SA 332,437 7,477,294 Cia de Distribucion Integral Logista Holdings SA 72,724 1,877,799 Cie Automotive SA 188,468 4,664,916 Construcciones y Auxiliar de Ferrocarriles SA 50,840 2,260,595 #* Deoleo SA 2,116,179 512,124 # Distribuidora Internacional de Alimentacion SA 1,562,597 10,524,898 #* Duro Felguera SA 201,525 179,056 Ebro Foods SA 169,495 4,057,168 * eDreams ODIGEO SA 191,273 665,802 Elecnor SA 25,504 351,467 Enagas SA 509,414 14,397,567 Ence Energia y Celulosa SA 783,608 3,339,488 Endesa SA 298,884 7,075,578 Ercros SA 627,662 2,280,460 Euskaltel SA 131,579 1,345,348 Faes Farma SA 577,709 1,832,193 Ferrovial SA 419,216 9,040,303 Fluidra SA 86,814 762,755 * Fomento de Construcciones y Contratas SA 6,605 72,660 Gas Natural SDG SA 678,763 15,885,789 # Grifols SA 197,556 5,543,419 Grupo Catalana Occidente SA 106,932 4,756,989 * Grupo Empresarial San Jose SA 63,954 284,508 #* Grupo Ezentis SA 560,871 475,824 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SPAIN -- (Continued) Iberdrola SA 7,262,746 $ 57,251,763 Iberpapel Gestion SA 5,481 182,058 * Indra Sistemas SA 326,791 5,056,233 Industria de Diseno Textil SA 248,655 9,870,208 Inmobiliaria Colonial SA 641,499 5,983,551 #* Liberbank SA 1,684,684 1,940,490 Mapfre SA 3,566,931 13,286,179 Mediaset Espana Comunicacion SA 684,915 8,632,535 Melia Hotels International SA 204,203 3,165,169 Miquel y Costas & Miquel SA 58,619 2,169,619 NH Hotel Group SA 386,570 2,575,434 # Obrascon Huarte Lain SA 515,847 2,166,140 Papeles y Cartones de Europa SA 241,844 2,121,761 #* Pescanova SA 22,953 37,470 * Pharma Mar SA 242,493 1,100,897 Prim SA 5,102 66,548 #* Promotora de Informaciones SA Class A 203,758 770,918 Prosegur Cia de Seguridad SA 540,151 3,691,865 #* Quabit Inmobiliaria SA(BYYTT70) 236,110 487,239 Quabit Inmobiliaria SA(BYVXB02) 11,806 24,457 * Realia Business SA 306,786 396,759 Red Electrica Corp. SA 375,200 8,038,057 Repsol SA 1,587,971 26,595,166 Repsol SA Sponsored ADR 328,921 5,529,167 #* Sacyr SA 1,832,917 4,890,953 Saeta Yield SA 41,510 476,309 Siemens Gamesa Renewable Energy SA 835,273 13,666,044 #* Solaria Energia y Medio Ambiente SA 378,116 610,780 # Talgo SA 405,254 2,342,185 # Tecnicas Reunidas SA 102,679 3,641,105 Telefonica SA 2,231,206 25,263,875 Telefonica SA Sponsored ADR 237,585 2,679,959 * Tubacex SA 315,142 1,233,461 #* Tubos Reunidos SA 549,480 698,322 Vidrala SA 40,706 3,175,144 Viscofan SA 108,953 6,482,022 #* Vocento SA 105,943 197,263 # Zardoya Otis SA 269,661 2,828,865 ------------ TOTAL SPAIN 612,409,303 ------------ SWEDEN -- (2.8%) AAK AB 70,604 5,218,747 Acando AB 385,080 1,297,354 AddLife AB 17,068 351,872 AddTech AB Class B 72,929 1,422,661 AF AB Class B 157,876 3,458,171 Alfa Laval AB 246,739 5,510,564 # Alimak Group AB 23,270 403,439 * Arise AB 1,101 1,747 Assa Abloy AB Class B 643,444 13,784,462 Atlas Copco AB Class A 184,769 6,682,675 Atlas Copco AB Class B 135,572 4,390,617 Atrium Ljungberg AB Class B 82,515 1,409,061 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWEDEN -- (Continued) Attendo AB 1,637 $ 20,595 # Avanza Bank Holding AB 58,340 2,407,072 Axfood AB 136,432 2,297,735 * BE Group AB 5,872 42,527 Beijer Alma AB 49,167 1,435,963 * Beijer Electronics Group AB 2,424 13,302 Beijer Ref AB 14,333 430,581 Bergman & Beving AB 71,320 883,589 # Betsson AB 308,271 2,964,642 Bilia AB Class A 394,624 3,812,556 BillerudKorsnas AB 574,211 9,079,636 BioGaia AB Class B 47,507 1,771,288 #* BioInvent International AB 229,139 70,850 Biotage AB 77,540 558,996 # Bjorn Borg AB 82,429 342,057 Boliden AB 992,847 31,169,471 Bonava AB 9,140 158,858 Bonava AB Class B 220,402 3,856,669 Bufab AB 2,580 28,924 Bulten AB 91,684 1,396,916 Bure Equity AB 262,036 3,219,429 # Byggmax Group AB 346,385 2,799,709 Castellum AB 483,109 7,509,249 Catena AB 2,717 47,002 Clas Ohlson AB Class B 122,347 2,515,163 Cloetta AB Class B 598,815 2,143,028 Com Hem Holding AB 354,221 5,173,197 Concentric AB 140,556 2,205,389 Concordia Maritime AB Class B 86,745 141,798 # Dedicare AB Class B 12,835 210,870 Dios Fastigheter AB 255,158 1,492,007 Doro AB 78,027 487,919 Duni AB 117,318 1,700,332 Dustin Group AB 73,080 612,993 Eastnine AB 103,788 886,664 Elanders AB Class B 10,285 122,571 Electrolux AB Series B 260,414 8,904,977 Elekta AB Class B 439,753 4,232,526 #* Eltel AB 59,564 189,458 Enea AB 43,208 412,812 * Essity AB Class A 29,899 864,700 * Essity AB Class B 641,105 18,588,853 eWork Group AB 1,089 12,528 Fabege AB 373,052 7,368,279 # Fagerhult AB 42,408 558,182 * Fastighets AB Balder Class B 115,403 2,936,216 Fenix Outdoor International AG 1,050 110,943 #* Fingerprint Cards AB Class B 359,570 1,681,526 Getinge AB Class B 491,510 8,532,050 Granges AB 279,275 3,087,050 Gunnebo AB 156,753 834,555 * Haldex AB 275,841 3,681,888 Hemfosa Fastigheter AB 341,330 4,187,237 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SWEDEN -- (Continued) Hennes & Mauritz AB Class B 238,881 $ 6,232,443 # Hexagon AB Class B 291,836 14,419,982 # Hexpol AB 597,878 6,115,048 HIQ International AB 275,376 1,841,238 # Hoist Finance AB 17,375 192,542 Holmen AB Class B 188,783 8,526,488 Hufvudstaden AB Class A 177,409 3,088,057 Husqvarna AB Class A 104,942 1,058,574 Husqvarna AB Class B 1,136,601 11,562,254 # ICA Gruppen AB 127,963 5,127,354 Indutrade AB 206,190 5,086,366 # Intrum Justitia AB 253,928 8,262,643 Inwido AB 45,330 569,869 # ITAB Shop Concept AB Class B 23,230 200,549 JM AB 341,285 11,978,791 KappAhl AB 328,456 1,868,606 # Karo Pharma AB 84,009 439,735 # Kindred Group P.L.C. 655,974 7,300,569 Klovern AB Class B 1,190,234 1,520,480 KNOW IT AB 51,354 827,787 Kungsleden AB 484,116 3,184,238 Lagercrantz Group AB Class B 104,688 1,185,350 Lifco AB Class B 7,356 245,250 Lindab International AB 340,965 3,585,326 Loomis AB Class B 384,545 14,286,639 * Lundin Petroleum AB 188,014 4,281,770 #* Medivir AB Class B 152,683 1,266,132 # Mekonomen AB 93,459 1,968,159 # Millicom International Cellular SA 164,004 10,276,738 Modern Times Group MTG AB Class B 257,845 8,961,132 * Momentum Group AB Class B 70,529 727,234 # MQ Holding AB 185,605 726,141 # Mycronic AB 245,286 2,556,956 NCC AB Class B 322,102 8,380,981 Nederman Holding AB 402 11,467 #* Net Insight AB Class B 768,751 504,794 NetEnt AB 322,068 3,107,604 New Wave Group AB Class B 309,080 2,153,205 Nibe Industrier AB Class B 734,680 7,004,512 Nobia AB 546,850 5,614,473 Nobina AB 86,387 425,805 Nolato AB Class B 152,586 6,700,755 Nordea Bank AB 2,423,909 30,584,587 NP3 Fastigheter AB 4,325 25,554 OEM International AB Class B 10,809 237,007 Opus Group AB 1,030,446 899,312 Oriflame Holding AG 139,755 5,365,254 Pandox AB 21,704 390,400 Peab AB 787,577 9,244,788 Platzer Fastigheter Holding AB Class B 2,421 15,588 # Pricer AB Class B 475,277 574,070 Proact IT Group AB 23,436 599,365 # Probi AB 11,725 537,152 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SWEDEN -- (Continued) Profilgruppen AB Class B 855 $ 12,644 #* Qliro Group AB 447,618 921,021 # Ratos AB Class B 1,194,591 5,706,749 * RaySearch Laboratories AB 54,517 1,334,397 # Recipharm AB Class B 24,457 293,799 Rezidor Hotel Group AB 214,632 827,163 Rottneros AB 218,323 196,013 Saab AB Class B 193,536 8,979,971 # Sagax AB Class B 61,922 777,664 Sandvik AB 692,087 10,906,320 #* SAS AB 667,933 1,596,547 Scandi Standard AB 128,482 918,793 Scandic Hotels Group AB 2,044 28,419 Securitas AB Class B 591,477 9,850,068 Semcon AB 42,144 279,069 #* Sensys Gatso Group AB 185,037 16,047 Skandinaviska Enskilda Banken AB Class A 1,221,500 15,469,462 Skandinaviska Enskilda Banken AB Class C 13,293 166,762 Skanska AB Class B 449,043 10,203,791 SKF AB Class A 24,434 486,769 SKF AB Class B 739,872 14,705,803 SkiStar AB 85,538 1,901,987 * SSAB AB Class A(B17H0S8) 576,198 2,911,201 * SSAB AB Class A(BPRBWK4) 89,315 454,899 * SSAB AB Class B(B17H3F6) 1,666,606 6,881,694 * SSAB AB Class B(BPRBWM6) 505,629 2,095,842 # Svenska Cellulosa AB SCA Class A 29,899 308,915 Svenska Cellulosa AB SCA Class B 641,105 5,308,275 Svenska Handelsbanken AB Class A 1,228,520 18,285,418 Svenska Handelsbanken AB Class B 29,675 442,551 Sweco AB Class B 129,953 3,173,869 Swedbank AB Class A 515,394 13,440,119 Swedish Match AB 230,668 8,113,361 * Swedish Orphan Biovitrum AB 182,934 2,785,561 Swedol AB Class B 35,764 128,078 Systemair AB 7,412 125,808 Tele2 AB Class B 747,114 8,891,987 # Telefonaktiebolaget LM Ericsson Class A 49,162 318,612 Telefonaktiebolaget LM Ericsson Class B 1,692,741 10,956,111 Telefonaktiebolaget LM Ericsson Sponsored ADR 527,787 3,388,393 Telia Co. AB 4,686,937 22,032,630 Thule Group AB 174,227 3,390,601 # Transcom Worldwide AB 5,299 57,427 Trelleborg AB Class B 515,445 12,140,005 VBG Group AB Class B 1,127 18,987 # Victoria Park AB Class B 272,866 928,654 Vitrolife AB 29,523 2,391,456 Volvo AB Class A 243,018 4,125,472 Volvo AB Class B 1,351,023 22,947,671 # Wallenstam AB Class B 513,102 5,223,870 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SWEDEN -- (Continued) Wihlborgs Fastigheter AB 201,341 $ 4,897,515 ------------ TOTAL SWEDEN 687,716,050 ------------ SWITZERLAND -- (5.7%) ABB, Ltd. 2,166,659 50,756,847 ABB, Ltd. Sponsored ADR 431,204 10,133,294 Adecco Group AG 370,318 28,252,670 Allreal Holding AG 55,948 10,172,952 * Alpiq Holding AG 3,799 322,150 ALSO Holding AG 14,886 1,946,653 ams AG 217,282 15,658,756 APG SGA SA 2,998 1,352,256 #* Arbonia AG 162,857 3,098,572 # Aryzta AG 266,804 8,573,722 Ascom Holding AG 138,303 2,739,120 Autoneum Holding AG 14,249 3,424,015 Bachem Holding AG Class B 8,585 950,598 Baloise Holding AG 157,761 25,346,834 Bank Cler AG 7,064 317,401 Banque Cantonale de Geneve 3,323 548,231 Banque Cantonale Vaudoise 11,728 8,485,180 Barry Callebaut AG 6,439 9,182,866 Belimo Holding AG 907 3,760,729 Bell Food Group AG 2,708 1,246,168 Bellevue Group AG 32,514 650,446 # Berner Kantonalbank AG 7,018 1,329,239 BKW AG 33,146 1,888,706 Bobst Group SA 39,347 4,380,722 Bossard Holding AG Class A 27,272 5,897,585 Bucher Industries AG 33,640 11,217,187 # Burckhardt Compression Holding AG 13,578 4,032,913 Burkhalter Holding AG 9,693 1,373,295 Calida Holding AG 7,078 284,647 Carlo Gavazzi Holding AG 612 223,388 Cembra Money Bank AG 85,999 7,714,559 Cham Paper Holding AG 5 2,047 Chocoladefabriken Lindt & Spruengli AG 43 2,930,572 * Cicor Technologies, Ltd. 777 40,820 Cie Financiere Richemont SA 370,023 31,455,694 Cie Financiere Tradition SA 2,191 201,324 # Clariant AG 1,141,868 26,534,171 Coltene Holding AG 13,320 1,377,861 Conzzeta AG 2,570 2,689,486 COSMO Pharmaceuticals NV 4,650 743,037 Credit Suisse Group AG 1,448,877 22,271,674 Credit Suisse Group AG Sponsored ADR 383,780 5,891,017 # Daetwyler Holding AG 28,871 4,718,715 DKSH Holding AG 88,490 6,963,551 dormakaba Holding AG 8,290 7,389,222 #* Dottikon Es Holding AG 142 129,181 * Dufry AG 137,565 21,914,870 Edmond de Rothschild Suisse SA 10 171,669 # EFG International AG 404,441 3,003,146 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SWITZERLAND -- (Continued) Emmi AG 8,985 $ 6,330,321 EMS-Chemie Holding AG 8,963 6,236,621 Energiedienst Holding AG 8,178 223,286 #* Evolva Holding SA 129,835 61,773 Feintool International Holding AG 5,586 682,191 Flughafen Zurich AG 81,679 20,831,309 Forbo Holding AG 4,728 7,178,719 GAM Holding AG 694,541 10,950,136 Geberit AG 26,707 12,844,854 Georg Fischer AG 20,864 23,729,496 Givaudan SA 5,549 11,040,331 Gurit Holding AG 2,334 2,804,504 Helvetia Holding AG 26,712 14,930,017 Hiag Immobilien Holding AG 1,038 128,450 # HOCHDORF Holding AG 3,579 1,073,179 Huber & Suhner AG 30,599 2,180,702 * Idorsia, Ltd. 97,707 1,828,943 Implenia AG 66,502 4,918,141 Inficon Holding AG 6,140 3,367,295 Interroll Holding AG 2,437 3,195,307 Intershop Holding AG 4,239 2,096,468 Julius Baer Group, Ltd. 376,644 21,320,694 Jungfraubahn Holding AG 206 24,290 Kardex AG 32,334 3,563,781 Komax Holding AG 13,340 3,896,637 Kudelski SA 186,046 2,962,148 Kuehne + Nagel International AG 25,056 4,363,344 LafargeHolcim, Ltd.(7110753) 274,872 16,423,928 LafargeHolcim, Ltd.(BZ3DNX4) 170,271 10,219,718 * Lastminute.com NV 8,648 107,324 LEM Holding SA 2,543 3,076,780 Liechtensteinische Landesbank AG 19,354 978,697 Logitech International SA(B18ZRK2) 342,549 12,432,815 Logitech International SA(H50430232) 159,615 5,752,525 Lonza Group AG 133,194 31,656,830 Luzerner Kantonalbank AG 7,466 3,357,167 MCH Group AG 56 4,447 Metall Zug AG Class B 493 2,062,877 #* Meyer Burger Technology AG 766,650 1,204,643 Mikron Holding AG 48,480 323,904 Mobilezone Holding AG 62,772 908,750 Mobimo Holding AG 23,675 6,758,464 Nestle SA 2,417,067 204,023,427 Novartis AG 500,288 42,613,388 Novartis AG Sponsored ADR 935,984 79,745,837 # OC Oerlikon Corp. AG 999,045 14,616,991 * Orascom Development Holding AG 15,666 109,035 # Orell Fuessli Holding AG 522 69,320 Orior AG 18,100 1,349,393 Panalpina Welttransport Holding AG 20,317 2,572,283 Partners Group Holding AG 18,244 11,843,421 # Phoenix Mecano AG 1,478 859,855 Plazza AG Class A 2,404 571,622 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- SWITZERLAND -- (Continued) PSP Swiss Property AG 84,413 $ 7,680,683 Rieter Holding AG 15,515 3,593,176 Roche Holding AG(7108918) 7,007 1,806,569 Roche Holding AG(7110388) 186,211 47,142,906 Romande Energie Holding SA 498 672,024 #* Schaffner Holding AG 1,182 390,459 Schindler Holding AG 7,522 1,581,848 * Schmolz + Bickenbach AG 1,962,424 1,804,172 Schweiter Technologies AG 3,417 4,496,528 SFS Group AG 11,256 1,280,476 SGS SA 2,592 5,728,800 Siegfried Holding AG 17,258 5,018,795 Sika AG 4,302 29,646,185 Sonova Holding AG 85,930 13,937,092 St Galler Kantonalbank AG 6,225 2,772,825 Straumann Holding AG 14,093 7,958,571 Sulzer AG 79,726 8,944,378 Sunrise Communications Group AG 164,376 12,963,347 # Swatch Group AG (The)(7184725) 47,138 18,702,488 Swatch Group AG (The)(7184736) 75,838 5,841,349 Swiss Life Holding AG 70,098 25,582,448 Swiss Prime Site AG 91,631 8,271,710 Swiss Re AG 271,435 26,169,639 Swisscom AG 52,032 25,431,258 Swissquote Group Holding SA 35,532 1,023,321 Tamedia AG 3,689 568,483 Tecan Group AG 19,727 3,679,158 Temenos Group AG 107,910 10,431,261 Thurgauer Kantonalbank 468 48,736 u-blox Holding AG 25,961 5,155,234 UBS Group AG(BRJL176) 2,118,970 36,849,873 #* UBS Group AG(H42097107) 549,200 9,572,556 Valiant Holding AG 51,573 6,079,266 Valora Holding AG 16,592 5,507,633 Vaudoise Assurances Holding SA 3,203 1,781,846 Vetropack Holding AG 609 1,285,948 Vifor Pharma AG 138,820 14,818,159 * Von Roll Holding AG 92,961 139,581 Vontobel Holding AG 126,581 8,420,772 VP Bank AG 1,980 249,368 VZ Holding AG 4,484 1,444,127 Walliser Kantonalbank 1,730 170,399 Walter Meier AG 4,892 227,534 Warteck Invest AG 13 26,352 # Ypsomed Holding AG 6,788 1,059,877 Zehnder Group AG 33,203 1,165,600 Zug Estates Holding AG Class B 219 419,270 Zuger Kantonalbank AG 157 867,803 Zurich Insurance Group AG 135,808 41,391,496 -------------- TOTAL SWITZERLAND 1,409,897,515 -------------- UNITED KINGDOM -- (15.1%) 3i Group P.L.C. 1,892,007 23,357,073 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) 4imprint Group P.L.C. 3,983 $ 83,023 888 Holdings P.L.C. 1,027,066 3,489,698 A.G. Barr P.L.C. 299,946 2,370,716 AA P.L.C. 1,418,498 4,571,003 Aberdeen Asset Management P.L.C. 3,022,567 13,138,823 Acacia Mining P.L.C. 783,012 1,801,265 Acal P.L.C. 133,195 551,464 Admiral Group P.L.C. 272,418 7,431,553 Aggreko P.L.C. 982,393 10,982,319 Air Partner P.L.C. 28,290 46,583 * Aldermore Group P.L.C. 83,213 238,202 Alumasc Group P.L.C. (The) 8,807 19,579 Amec Foster Wheeler P.L.C. 1,018,823 5,976,330 * Anglo American P.L.C. 2,037,355 33,701,352 Anglo Pacific Group P.L.C. 489,444 756,336 Anglo-Eastern Plantations P.L.C. 8,036 89,602 Antofagasta P.L.C. 1,072,709 13,396,023 Arrow Global Group P.L.C. 384,199 2,215,810 Ashmore Group P.L.C. 1,742,153 8,270,572 Ashtead Group P.L.C. 1,005,461 21,601,633 Associated British Foods P.L.C. 247,224 9,671,329 AstraZeneca P.L.C. 5,511 328,472 # AstraZeneca P.L.C. Sponsored ADR 1,029,677 31,075,652 Auto Trader Group P.L.C. 1,309,539 6,613,775 AVEVA Group P.L.C. 124,206 3,251,680 Aviva P.L.C. 3,850,000 27,365,902 Avon Rubber P.L.C. 17,830 235,463 B&M European Value Retail SA 3,218,878 15,297,935 Babcock International Group P.L.C. 1,301,942 14,503,208 BAE Systems P.L.C. 3,925,733 31,146,091 Balfour Beatty P.L.C. 2,242,499 7,806,016 Barclays P.L.C. 472,701 1,267,430 Barclays P.L.C. Sponsored ADR 3,209,298 34,435,768 Barratt Developments P.L.C. 2,859,988 23,227,980 BBA Aviation P.L.C. 3,430,132 13,565,921 Beazley P.L.C. 2,871,960 19,408,973 Bellway P.L.C. 829,581 34,932,541 Berendsen P.L.C. 771,074 12,970,607 Berkeley Group Holdings P.L.C. 510,995 23,566,271 BGEO Group P.L.C. 84,638 3,851,889 BHP Billiton P.L.C. 1,432,526 26,120,692 BHP Billiton P.L.C. ADR 721,817 26,281,357 Bloomsbury Publishing P.L.C. 58,768 139,344 Bodycote P.L.C. 1,120,907 13,456,335 Booker Group P.L.C. 5,063,036 12,857,361 Bovis Homes Group P.L.C. 857,191 11,443,680 BP P.L.C. 3,023,442 17,758,948 BP P.L.C. Sponsored ADR 2,132,739 74,944,448 Braemar Shipping Services P.L.C. 33,148 129,090 Brewin Dolphin Holdings P.L.C. 1,199,741 5,686,215 British American Tobacco P.L.C. 241,993 15,053,353 British American Tobacco P.L.C. Sponsored ADR 287,714 17,987,879 Britvic P.L.C. 810,474 7,632,093 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) BT Group P.L.C. 1,441,822 $ 5,966,688 # BT Group P.L.C. Sponsored ADR 272,564 5,693,862 * BTG P.L.C. 523,016 4,546,722 Bunzl P.L.C. 284,399 8,587,035 Burberry Group P.L.C. 430,042 9,700,659 * Cairn Energy P.L.C. 2,333,333 5,539,523 * Cambian Group P.L.C. 31,731 81,792 Cape P.L.C. 406,099 1,400,328 Capita P.L.C. 739,282 6,423,556 # Capital & Counties Properties P.L.C. 2,039,700 7,753,605 * Carclo P.L.C. 26,730 59,302 Card Factory P.L.C. 197,006 795,912 # Carillion P.L.C. 2,003,504 1,500,244 Carnival P.L.C. 43,538 2,938,656 # Carnival P.L.C. ADR 137,838 9,273,741 * Carpetright P.L.C. 1,362 3,507 Carr's Group P.L.C. 26,720 50,257 Castings P.L.C. 57,646 351,927 Centamin P.L.C. 6,196,334 13,590,861 Centaur Media P.L.C. 79,311 56,548 Centrica P.L.C. 4,684,758 12,272,518 Charles Stanley Group P.L.C. 6,583 33,649 Charles Taylor P.L.C. 16,780 53,018 Chemring Group P.L.C. 801,352 1,893,303 Chesnara P.L.C. 219,083 1,103,040 Cineworld Group P.L.C. 1,125,708 10,235,048 * Circassia Pharmaceuticals P.L.C. 22,758 26,601 Clarkson P.L.C. 11,883 419,422 Clipper Logistics P.L.C. 8,393 47,918 Close Brothers Group P.L.C. 720,370 14,647,247 CLS Holdings P.L.C. 72,292 203,038 Cobham P.L.C. 7,507,137 13,150,069 Coca-Cola HBC AG 415,356 12,557,486 Communisis P.L.C. 778,665 489,081 Compass Group P.L.C. 751,110 16,026,550 Computacenter P.L.C. 293,094 3,420,396 Connect Group P.L.C. 338,316 495,506 Consort Medical P.L.C. 84,161 1,182,698 Costain Group P.L.C. 531,862 3,288,199 Countrywide P.L.C. 159,039 323,157 Cranswick P.L.C. 190,376 7,288,833 Crest Nicholson Holdings P.L.C. 932,350 6,619,989 Croda International P.L.C. 234,315 11,433,582 * CYBG P.L.C. 11,269 39,695 Daejan Holdings P.L.C. 6,894 593,006 Daily Mail & General Trust P.L.C. 958,964 8,065,267 # Dairy Crest Group P.L.C. 525,343 4,111,856 DCC P.L.C. 162,305 14,268,630 De La Rue P.L.C. 373,747 3,290,093 Debenhams P.L.C. 4,592,504 2,605,630 Dechra Pharmaceuticals P.L.C. 225,489 5,275,881 Devro P.L.C. 637,374 1,815,679 Diageo P.L.C. 319,548 10,320,429 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) # Diageo P.L.C. Sponsored ADR 204,369 $26,684,460 * Dialight P.L.C. 13,416 160,094 Dignity P.L.C. 159,875 5,375,726 Diploma P.L.C. 516,147 7,344,964 Direct Line Insurance Group P.L.C. 5,368,506 26,531,710 Dixons Carphone P.L.C. 2,370,883 8,420,738 Domino's Pizza Group P.L.C. 1,075,826 3,780,812 Drax Group P.L.C. 1,420,483 5,968,540 DS Smith P.L.C. 3,209,876 20,447,345 Dunelm Group P.L.C. 139,540 1,108,812 Dyson Group P.L.C 3,999 69 easyJet P.L.C. 610,309 9,954,368 * EI Group P.L.C. 2,575,260 4,836,506 Electrocomponents P.L.C. 1,728,656 14,148,205 Elementis P.L.C. 2,396,764 9,368,523 * EnQuest P.L.C. 5,559,431 2,467,892 Entertainment One, Ltd. 50,645 159,243 Equiniti Group P.L.C. 12,178 42,231 Essentra P.L.C. 771,490 5,444,325 esure Group P.L.C. 1,063,110 4,152,796 Euromoney Institutional Investor P.L.C. 74,315 1,086,283 * Evraz P.L.C. 1,217,869 3,827,482 Experian P.L.C. 686,452 13,637,223 FDM Group Holdings P.L.C. 2,919 35,382 Fenner P.L.C. 683,380 3,105,165 Ferguson P.L.C. 53,693 322,697 Ferrexpo P.L.C. 1,225,230 3,848,674 Fidessa Group P.L.C. 119,313 3,560,465 * Findel P.L.C. 63,044 150,671 * Firstgroup P.L.C. 4,249,795 6,480,904 * Flybe Group P.L.C. 129,389 63,978 Forterra P.L.C. 39,677 151,861 Foxtons Group P.L.C. 149,203 176,756 Fresnillo P.L.C. 207,353 4,208,059 Fuller Smith & Turner P.L.C. Class A 42,501 570,576 * Future P.L.C. 24,077 101,248 G4S P.L.C. 4,349,872 18,881,510 Galliford Try P.L.C. 346,096 6,188,771 Games Workshop Group P.L.C. 25,627 542,112 * Gem Diamonds, Ltd. 377,713 410,109 Genus P.L.C. 152,544 3,470,654 GKN P.L.C. 4,539,067 19,256,335 GlaxoSmithKline P.L.C. 104,177 2,073,848 # GlaxoSmithKline P.L.C. Sponsored ADR 637,756 25,841,873 Glencore P.L.C. 7,549,924 33,305,694 Go-Ahead Group P.L.C. 117,225 2,777,936 * Gocompare.Com Group P.L.C. 761,539 1,136,351 Goodwin P.L.C. 40 843 Grafton Group P.L.C. 459,972 4,658,555 Grainger P.L.C. 1,209,409 4,196,371 Greencore Group P.L.C. 2,904,772 8,573,814 Greene King P.L.C. 1,453,552 13,130,951 Greggs P.L.C. 554,975 8,054,174 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) * Gulf Keystone Petroleum, Ltd. 27,736 $ 34,465 Gulf Marine Services P.L.C. 2,822 2,304 GVC Holdings P.L.C. 677,143 6,867,599 Halfords Group P.L.C. 953,363 4,194,249 Halma P.L.C. 1,396,475 20,241,304 Hargreaves Lansdown P.L.C. 305,977 5,567,429 Harvey Nash Group P.L.C. 28,747 36,774 Hastings Group Holdings P.L.C. 179,967 728,267 Hays P.L.C. 9,298,138 20,447,745 Headlam Group P.L.C. 120,800 937,167 Helical P.L.C. 459,427 2,096,092 Henry Boot P.L.C. 54,535 217,390 # Hikma Pharmaceuticals P.L.C. 314,409 5,852,616 Hill & Smith Holdings P.L.C. 368,671 6,516,070 Hilton Food Group P.L.C. 4,765 42,508 Hiscox, Ltd. 1,276,937 21,877,166 Hochschild Mining P.L.C. 1,016,748 4,248,212 Hogg Robinson Group P.L.C. 159,073 154,124 HomeServe P.L.C. 950,688 9,087,341 Howden Joinery Group P.L.C. 1,810,939 10,157,298 HSBC Holdings P.L.C. 972,806 9,742,562 # HSBC Holdings P.L.C. Sponsored ADR 3,112,447 155,902,470 * Hunting P.L.C. 563,528 3,487,659 Huntsworth P.L.C. 265,818 258,582 Ibstock P.L.C. 392,142 1,320,010 IG Group Holdings P.L.C. 1,406,186 11,811,417 * Imagination Technologies Group P.L.C. 458,171 872,090 IMI P.L.C. 1,285,164 20,408,877 Imperial Brands P.L.C. 378,719 15,596,892 # Imperial Brands P.L.C. Sponsored ADR 25,186 1,055,293 Inchcape P.L.C. 2,374,617 25,171,864 Indivior P.L.C. 1,639,286 8,298,429 Informa P.L.C. 2,045,028 18,756,653 Inmarsat P.L.C. 1,728,308 17,687,816 InterContinental Hotels Group P.L.C. 113,282 6,409,970 # InterContinental Hotels Group P.L.C. ADR 81,958 4,651,936 Intermediate Capital Group P.L.C. 559,236 6,686,787 International Consolidated Airlines Group SA 1,443,614 11,009,679 International Personal Finance P.L.C. 58,355 146,059 Interserve P.L.C. 477,274 1,420,256 Intertek Group P.L.C. 327,922 18,601,487 Investec P.L.C. 1,699,036 12,900,760 IP Group P.L.C.(BZ3T570) 21,816 720 #* IP Group P.L.C.(B128J45) 406,764 763,856 ITE Group P.L.C. 1,016,986 2,426,524 ITV P.L.C. 2,944,191 6,732,786 IWG P.L.C. 3,425,056 14,839,817 J D Wetherspoon P.L.C. 667,694 9,009,483 J Sainsbury P.L.C. 7,207,543 23,287,291 #* Jackpotjoy P.L.C. 166,000 1,477,554 James Fisher & Sons P.L.C. 130,116 2,693,429 Jardine Lloyd Thompson Group P.L.C. 339,255 5,311,479 JD Sports Fashion P.L.C. 1,088,120 5,143,417 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- UNITED KINGDOM -- (Continued) John Laing Group P.L.C. 10,901 $ 44,992 John Menzies P.L.C. 429,639 3,974,591 John Wood Group P.L.C. 1,140,003 9,200,460 Johnson Matthey P.L.C. 561,180 20,798,664 Jupiter Fund Management P.L.C. 3,051,695 21,471,194 * Just Eat P.L.C. 510,726 4,183,305 Just Group P.L.C. 360,950 700,104 Kainos Group P.L.C. 5,355 20,480 * KAZ Minerals P.L.C. 1,323,791 12,538,511 KCOM Group P.L.C. 1,649,968 1,997,663 Keller Group P.L.C. 249,684 2,903,508 Kier Group P.L.C. 301,836 5,129,789 Kingfisher P.L.C. 3,808,703 14,780,649 Ladbrokes Coral Group P.L.C. 3,826,563 6,385,491 # Laird P.L.C. 1,465,514 2,891,704 * Lamprell P.L.C. 633,715 827,855 Lancashire Holdings, Ltd. 701,762 6,733,187 Laura Ashley Holdings P.L.C. 224,765 30,421 Legal & General Group P.L.C. 11,131,544 39,413,658 * Liberty Global P.L.C. Class A 115,018 3,894,509 * Liberty Global P.L.C. Series C 281,606 9,228,229 #* Liberty Global P.L.C. LiLAC Class A 15,722 404,370 * Liberty Global P.L.C. LiLAC Class C 38,496 982,418 Lloyds Banking Group P.L.C. 62,288,792 53,850,975 # Lloyds Banking Group P.L.C. ADR 1,209,083 4,255,972 London Stock Exchange Group P.L.C. 342,457 16,953,989 #* Lonmin P.L.C. 629,053 686,766 Lookers P.L.C. 933,053 1,351,552 Low & Bonar P.L.C. 135,064 153,268 LSL Property Services P.L.C. 21,370 71,629 Man Group P.L.C. 5,211,191 11,001,497 Management Consulting Group P.L.C. 265,588 26,865 Marks & Spencer Group P.L.C. 6,302,962 26,788,329 Marshalls P.L.C. 827,338 4,187,809 Marston's P.L.C. 2,988,448 4,575,383 McBride P.L.C. 758,894 1,892,655 Mears Group P.L.C. 170,788 1,113,718 # Mediclinic International P.L.C. 240,202 2,346,229 Meggitt P.L.C. 2,371,271 15,738,745 Melrose Industries P.L.C. 7,330,065 22,474,117 Merlin Entertainments P.L.C. 1,081,530 6,696,829 Micro Focus International P.L.C. 541,220 15,938,019 Millennium & Copthorne Hotels P.L.C. 449,339 2,713,063 Mitchells & Butlers P.L.C. 808,395 2,577,065 # Mitie Group P.L.C. 1,861,879 6,544,100 MJ Gleeson P.L.C. 20,781 189,158 Mondi P.L.C. 690,162 18,178,478 Moneysupermarket.com Group P.L.C. 1,640,963 7,184,660 Morgan Advanced Materials P.L.C. 966,181 3,814,980 Morgan Sindall Group P.L.C. 59,201 1,069,885 * Mothercare P.L.C. 426,173 571,938 N Brown Group P.L.C. 478,958 1,972,512 National Express Group P.L.C. 1,749,906 8,411,169 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) National Grid P.L.C. 13,254 $ 164,004 National Grid P.L.C. Sponsored ADR 191,848 11,992,431 # NCC Group P.L.C. 95,153 243,215 * New World Resources P.L.C. Class A 46,188 27 NEX Group P.L.C. 991,061 8,715,145 Next P.L.C. 86,719 4,520,266 Northgate P.L.C. 704,861 4,020,412 Novae Group P.L.C. 100,933 939,993 #* Ocado Group P.L.C. 955,650 3,796,456 Old Mutual P.L.C. 6,841,092 17,743,612 On the Beach Group P.L.C. 170,492 1,047,290 OneSavings Bank P.L.C. 400,117 2,081,761 * Ophir Energy P.L.C. 2,861,026 2,754,104 Oxford Instruments P.L.C. 115,402 1,591,755 Pagegroup P.L.C. 1,682,921 10,878,430 Paragon Group of Cos. P.L.C. (The) 430,084 2,455,907 PayPoint P.L.C. 98,206 1,160,558 * Paysafe Group P.L.C. 1,855,634 14,442,829 Pearson P.L.C. 482,901 4,179,060 Pearson P.L.C. Sponsored ADR 614,932 5,288,415 Pendragon P.L.C. 965,887 381,817 Pennon Group P.L.C. 957,658 10,178,967 Persimmon P.L.C. 858,661 28,370,954 * Petra Diamonds, Ltd. 2,580,417 3,252,673 Petrofac, Ltd. 1,113,372 6,578,655 * Petropavlovsk P.L.C. 2,013,653 194,617 # Pets at Home Group P.L.C. 181,725 390,149 Phoenix Group Holdings 685,598 6,904,631 Photo-Me International P.L.C. 1,284,396 2,775,918 Playtech P.L.C. 1,163,848 14,748,862 Polypipe Group P.L.C. 520,618 2,760,471 * Premier Foods P.L.C. 3,967,093 2,054,894 #* Premier Oil P.L.C. 2,827,688 2,262,180 Provident Financial P.L.C. 360,189 9,805,391 # Prudential P.L.C. ADR 573,314 28,075,187 * Punch Taverns P.L.C. 44,189 103,336 PZ Cussons P.L.C. 799,009 3,827,617 QinetiQ Group P.L.C. 3,583,149 11,396,855 Randgold Resources, Ltd. 132,287 12,313,816 Randgold Resources, Ltd. ADR 13,285 1,234,708 Rank Group P.L.C. 301,604 931,441 Rathbone Brothers P.L.C. 70,883 2,498,541 * Raven Russia, Ltd. 145,221 93,006 * REA Holdings P.L.C. 11,361 48,742 Reckitt Benckiser Group P.L.C. 203,242 19,760,671 Redrow P.L.C. 1,450,186 11,332,305 RELX P.L.C. 366,955 7,992,750 # RELX P.L.C. Sponsored ADR 184,656 4,082,743 Renewi P.L.C. 2,031,073 2,463,726 Renishaw P.L.C. 135,985 7,474,569 Rentokil Initial P.L.C. 3,458,862 13,256,132 # Restaurant Group P.L.C. (The) 1,289,620 5,689,177 Ricardo P.L.C. 81,330 828,437 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) Rightmove P.L.C. 219,615 $12,182,840 Rio Tinto P.L.C. 109,785 5,145,295 # Rio Tinto P.L.C. Sponsored ADR 1,560,713 73,946,582 RM P.L.C. 27,965 63,833 Robert Walters P.L.C. 103,831 649,183 Rolls-Royce Holdings P.L.C. 3,297,979 38,642,156 Rotork P.L.C. 4,259,967 13,012,746 * Royal Bank of Scotland Group P.L.C. 674,985 2,212,979 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR 1,029,876 6,838,377 Royal Dutch Shell P.L.C. Class A 1,327,282 37,484,334 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 1,543,855 87,274,123 Royal Dutch Shell P.L.C. Sponsored ADR, Class B 1,333,672 77,166,262 Royal Mail P.L.C. 2,265,372 12,045,833 RPC Group P.L.C. 1,994,658 23,584,443 RPS Group P.L.C. 541,379 1,947,486 RSA Insurance Group P.L.C. 2,531,282 21,793,816 S&U P.L.C. 2,442 60,925 Saga P.L.C. 579,137 1,594,939 Sage Group P.L.C. (The) 1,633,182 14,523,841 Savills P.L.C. 691,879 8,343,515 Schroders P.L.C.(0239581) 57,030 1,852,089 Schroders P.L.C.(0240549) 140,497 6,384,456 SDL P.L.C. 160,255 1,359,921 Senior P.L.C. 1,389,112 4,557,100 * Serco Group P.L.C. 1,416,957 2,074,517 Severfield P.L.C. 408,073 399,186 Severn Trent P.L.C. 299,129 8,844,466 Shire P.L.C. 210,998 11,795,296 Shire P.L.C. ADR 27,906 4,675,371 SIG P.L.C. 2,730,257 5,963,640 Sky P.L.C. 692,472 8,824,963 Sky P.L.C. Sponsored ADR 3,066 156,213 Smith & Nephew P.L.C. 598,073 10,406,435 Smith & Nephew P.L.C. Sponsored ADR 114,228 4,026,519 Smiths Group P.L.C. 1,047,807 21,223,186 Soco International P.L.C. 740,792 1,184,441 Softcat P.L.C. 33,798 177,858 Spectris P.L.C. 488,841 15,866,530 Speedy Hire P.L.C. 1,082,917 778,567 Spirax-Sarco Engineering P.L.C. 210,354 15,438,604 Spire Healthcare Group P.L.C. 38,323 174,321 Spirent Communications P.L.C. 1,895,400 2,959,682 * Sportech P.L.C. 87,812 114,713 #* Sports Direct International P.L.C. 492,487 2,463,994 SSE P.L.C. 2,073,782 37,739,492 SSP Group P.L.C. 1,044,549 7,021,468 St James's Place P.L.C. 1,161,984 18,664,198 St. Ives P.L.C. 89,975 65,278 St. Modwen Properties P.L.C. 774,733 3,662,767 Stagecoach Group P.L.C. 1,166,899 2,775,561 * Standard Chartered P.L.C. 2,757,858 30,828,073 Standard Life P.L.C. 2,743,228 15,790,285 Sthree P.L.C. 122,623 514,552 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- UNITED KINGDOM -- (Continued) Stobart Group, Ltd. 112,353 $ 408,144 STV Group P.L.C. 56,141 288,298 SuperGroup P.L.C. 338,283 6,689,277 Synthomer P.L.C. 1,483,241 9,585,877 T Clarke P.L.C. 26,802 30,642 # TalkTalk Telecom Group P.L.C. 1,575,291 3,736,274 Tarsus Group P.L.C. 4,986 19,726 Tate & Lyle P.L.C. 2,725,196 24,164,749 Taylor Wimpey P.L.C. 12,908,348 32,420,609 Ted Baker P.L.C. 68,986 2,289,343 Telecom Plus P.L.C. 244,300 3,691,733 * Tesco P.L.C. 13,873,365 31,888,129 Thomas Cook Group P.L.C. 8,930,241 12,938,151 Topps Tiles P.L.C. 282,505 308,644 TP ICAP P.L.C. 1,527,322 9,800,487 Travis Perkins P.L.C. 659,704 13,212,787 Trifast P.L.C. 88,983 260,160 Trinity Mirror P.L.C. 1,396,064 1,925,453 TT Electronics P.L.C. 393,735 1,104,619 TUI AG(5666292) 561,525 8,854,066 TUI AG(B11LJN4) 340,866 5,357,612 #* Tullow Oil P.L.C. 5,589,937 12,432,860 Tyman P.L.C. 2,976 13,867 U & I Group P.L.C. 335,574 832,758 UBM P.L.C. 1,464,759 13,986,126 UDG Healthcare P.L.C. 917,906 10,248,078 Ultra Electronics Holdings P.L.C. 454,351 12,557,580 Unilever P.L.C. 63,007 3,593,460 Unilever P.L.C. Sponsored ADR 301,419 17,177,869 United Utilities Group P.L.C. 610,655 7,236,567 * Vectura Group P.L.C. 1,088,576 1,637,417 Vedanta Resources P.L.C. 290,790 2,953,459 Vesuvius P.L.C. 1,095,437 7,851,370 Victrex P.L.C. 475,997 12,388,028 Virgin Money Holdings UK P.L.C. 957,281 3,601,852 Vitec Group P.L.C. (The) 24,338 323,689 Vodafone Group P.L.C. 16,886,399 49,499,994 # Vodafone Group P.L.C. Sponsored ADR 1,644,387 48,805,398 * Volex P.L.C. 24,880 20,028 Volution Group P.L.C. 4,868 12,205 Vp P.L.C. 13,881 155,088 Weir Group P.L.C. (The) 407,256 9,857,440 WH Smith P.L.C. 304,552 7,075,137 Whitbread P.L.C. 182,464 9,265,516 William Hill P.L.C. 3,800,685 12,561,863 Wilmington P.L.C. 137,652 432,041 Wincanton P.L.C. 199,407 676,633 * Wizz Air Holdings P.L.C. 2,007 68,886 WM Morrison Supermarkets P.L.C. 6,821,166 21,634,009 # Wolseley P.L.C. 250,972 14,985,006 Worldpay Group P.L.C. 2,224,968 10,857,419 WPP P.L.C. 454,102 9,260,861 # WPP P.L.C. Sponsored ADR 130,599 13,315,874 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- --------------- UNITED KINGDOM -- (Continued) Xaar P.L.C. 118,515 $ 660,849 XP Power, Ltd. 6,311 219,403 ZPG P.L.C. 207,184 998,098 --------------- TOTAL UNITED KINGDOM 3,750,824,076 --------------- UNITED STATES -- (0.0%) * BioTelemetry, Inc. 2,630 89,950 * Janus Henderson Group P.L.C. 319,710 10,559,375 --------------- TOTAL UNITED STATES 10,649,325 --------------- TOTAL COMMON STOCKS 23,245,237,327 --------------- PREFERRED STOCKS -- (0.4%) GERMANY -- (0.4%) Bayerische Motoren Werke AG 81,301 6,478,602 * Biotest AG 46,560 1,266,074 Draegerwerk AG & Co. KGaA 20,009 2,152,747 # Fuchs Petrolub SE 112,858 6,699,859 Henkel AG & Co. KGaA 31,058 4,399,303 Jungheinrich AG 237,868 9,439,072 Porsche Automobil Holding SE 230,344 13,183,302 # Sartorius AG 65,389 6,180,228 Schaeffler AG 116,825 1,628,810 Sixt SE 64,568 3,667,273 STO SE & Co. KGaA 3,363 474,926 Villeroy & Boch AG 43,454 927,758 Volkswagen AG 317,001 48,751,254 --------------- TOTAL GERMANY 105,249,208 --------------- TOTAL PREFERRED STOCKS 105,249,208 --------------- RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Link Administration Holdings, Ltd. Rights 07/17/17 137,332 -- --------------- AUSTRIA -- (0.0%) * Intercell AG Rights 05/16/13 29,444 -- --------------- CANADA -- (0.0%) * QLT, Inc. Warrants 11/23/17 59,679 -- * QLT, Inc. Warrants 11/23/17 Class A 59,679 -- --------------- TOTAL CANADA -- --------------- FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 595,343 -- --------------- HONG KONG -- (0.0%) * Cheuk Nang Holdings, Ltd. Rights 06/21/18 4,059 551 INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- --------------- HONG KONG -- (Continued) * International Standard Resources Holdings, Ltd. Warrants 05/10/18 1,752,750 $ 3,590 --------------- TOTAL HONG KONG 4,141 --------------- JAPAN -- (0.0%) * AD Works Co., Ltd. Rights 09/12/2017 316,900 22,996 --------------- SINGAPORE -- (0.0%) * Duty Free International, Ltd. Rights 05/13/22 36,960 628 --------------- TOTAL RIGHTS/WARRANTS 27,765 --------------- TOTAL INVESTMENT SECURITIES 23,350,514,300 --------------- VALUE+ --------------- SECURITIES LENDING COLLATERAL -- (6.0%) (S)@ DFA Short Term Investment Fund 127,971,224 1,480,883,010 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $21,039,082,020)^^ $24,831,397,310 =============== INTERNATIONAL CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- --------------- ------- --------------- Common Stocks Australia $ 40,813,445 $ 1,375,212,127 -- $ 1,416,025,572 Austria 75,915 159,960,431 -- 160,036,346 Belgium 14,446,214 330,535,766 -- 344,981,980 Canada 1,994,073,983 132,762 -- 1,994,206,745 China -- 960,483 -- 960,483 Denmark 25,239,999 413,496,664 -- 438,736,663 Finland 5,331,475 393,486,343 -- 398,817,818 France 77,408,505 1,663,465,179 -- 1,740,873,684 Germany 100,309,518 1,671,278,796 -- 1,771,588,314 Hong Kong 1,740,144 684,734,440 -- 686,474,584 Ireland 38,340,327 80,388,404 -- 118,728,731 Israel 25,153,506 136,201,999 -- 161,355,505 Italy 15,820,692 674,373,869 -- 690,194,561 Japan 114,360,605 5,436,189,253 -- 5,550,549,858 Netherlands 102,313,290 577,448,222 -- 679,761,512 New Zealand 170,833 94,724,447 -- 94,895,280 Norway 13,121,340 188,509,244 -- 201,630,584 Portugal 256,103 57,904,085 -- 58,160,188 Singapore 77,681 265,684,969 -- 265,762,650 Spain 33,974,666 578,434,637 -- 612,409,303 Sweden 23,569,180 664,146,870 -- 687,716,050 Switzerland 112,924,172 1,296,973,343 -- 1,409,897,515 United Kingdom 816,973,006 2,933,851,070 -- 3,750,824,076 United States 89,950 10,559,375 -- 10,649,325 Preferred Stocks Germany -- 105,249,208 -- 105,249,208 Rights/Warrants Hong Kong -- 4,141 -- 4,141 Japan -- 22,996 -- 22,996 Singapore -- 628 -- 628 Securities Lending Collateral -- 1,480,883,010 -- 1,480,883,010 Futures Contracts** 2,064,949 -- -- 2,064,949 -------------- --------------- -- --------------- TOTAL $3,558,649,498 $21,274,812,761 -- $24,833,462,259 ============== =============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. INTERNATIONAL SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ --------------- AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in The Continental Small Company Series of The DFA Investment Trust Company $ 5,006,821,562 Investment in The Japanese Small Company Series of The DFA Investment Trust Company 3,134,909,485 Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company 2,168,886,293 Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company 1,461,928,199 Investment in The Canadian Small Company Series of The DFA Investment Trust Company 1,265,623,647 --------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $10,506,349,814)^^ 13,038,169,186 =============== INTERNATIONAL SMALL COMPANY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- ------- ------- --------------- Affiliated Investment Companies $13,038,169,186 -- -- $13,038,169,186 Futures Contracts** 1,332,918 -- -- 1,332,918 --------------- -- -- --------------- TOTAL $13,039,502,104 -- -- $13,039,502,104 =============== == == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. GLOBAL SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in U.S. Small Cap Portfolio DFA Investment Dimensions Group Inc. 184,742 $ 6,392,059 Investment in The Continental Small Company Series of The DFA Investment Trust Company 1,809,413 Investment in The Emerging Markets Small Cap Series of The DFA Investment Trust Company 1,518,842 Investment in The Japanese Small Company Series of The DFA Investment Trust Company 1,141,287 Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company 825,527 Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company 519,563 Investment in The Canadian Small Company Series of The DFA Investment Trust Company 408,432 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $11,930,666) 12,615,123 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $11,930,666)^^ $12,615,123 =========== GLOBAL SMALL COMPANY PORTFOLIO CONTINUED Summary of the Fund's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $12,615,123 -- -- $12,615,123 ----------- -- -- ----------- TOTAL $12,615,123 -- -- $12,615,123 =========== == == =========== JAPANESE SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ ------------ AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Japanese Small Company Series of The DFA Investment Trust Company $614,620,793 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $477,313,831)^^ $614,620,793 ============ Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). ASIA PACIFIC SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ ------------ AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company $307,334,046 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $293,866,649)^^ $307,334,046 ============ Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). UNITED KINGDOM SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ ----------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company $43,856,641 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $34,641,302)^^ $43,856,641 =========== Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). CONTINENTAL SMALL COMPANY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ ------------ AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Continental Small Company Series of The DFA Investment Trust Company $529,746,117 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $411,048,318)^^ $529,746,117 ============ Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ---------- -------------- COMMON STOCKS -- (97.7%) AUSTRALIA -- (20.0%) Abacus Property Group 4,362,497 $ 10,858,014 ALE Property Group 1,210,977 4,612,714 Arena REIT 218,986 361,082 # Aspen Group 772,353 695,086 Astro Japan Property Group 452,741 2,299,586 BWP Trust 6,800,891 15,784,188 Carindale Property Trust 103,508 640,931 Centuria Industrial REIT 977,265 1,931,340 Charter Hall Group 6,163,939 25,617,730 Charter Hall Retail REIT 4,553,153 14,939,718 Cromwell Property Group 16,985,477 12,503,485 Dexus Property Group 12,966,438 97,365,915 Folkestone Education Trust 1,892,280 3,845,463 * Galileo Japan Trust 85,441 5,468 GDI Property Group 473,016 384,173 Goodman Group 22,270,526 141,924,220 GPT Group (The)(B3WX9L1) 38,018,670 608,299 GPT Group (The)(6365866) 23,018,618 88,254,965 # Growthpoint Properties Australia, Ltd. 1,928,029 4,809,809 Hotel Property Investments 383,099 903,945 Industria REIT 16,379 29,886 Ingenia Communities Group 1,935,045 3,979,581 Investa Office Fund 7,716,026 28,034,496 Mirvac Group 11,997,699 20,839,475 * New South Resources, Ltd. 3,464,100 4,143,235 Scentre Group 64,149,354 212,124,310 Shopping Centres Australasia Property Group 10,074,591 17,500,419 Stockland 30,672,573 103,128,773 Vicinity Centres 42,855,607 94,318,334 Westfield Corp. 24,511,269 150,703,243 -------------- TOTAL AUSTRALIA 1,063,147,883 -------------- BELGIUM -- (2.0%) Aedifica SA 193,847 17,750,300 Ascencio 2,257 165,890 Befimmo SA 306,627 19,026,573 # Care Property Invest 12,348 292,421 Cofinimmo SA 260,964 33,143,465 Intervest Offices & Warehouses NV 138,573 3,736,333 Leasinvest Real Estate SCA 18,644 2,252,910 Montea SCA 14,601 837,100 # Retail Estates NV 49,865 4,509,678 Warehouses De Pauw CVA 219,975 24,418,713 Wereldhave Belgium NV 21,097 2,497,041 -------------- TOTAL BELGIUM 108,630,424 -------------- CANADA -- (5.1%) # Agellan Commercial REIT 108,600 934,652 Allied Properties REIT 515,184 15,764,403 Artis REIT 992,097 10,400,407 # Boardwalk REIT 299,859 11,498,904 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CANADA -- (Continued) # BTB REIT 338,705 $ 1,252,400 # Canadian Apartment Properties REIT 872,100 22,670,753 Canadian REIT 472,749 17,105,039 Choice Properties REIT 118,900 1,280,792 # Cominar REIT 1,052,805 11,095,936 # Crombie REIT 617,745 6,698,947 # CT REIT 44,835 522,521 # Dream Global REIT 1,115,137 9,185,849 Dream Industrial REIT 319,345 2,300,155 Dream Office REIT 670,064 10,700,601 # Granite REIT 306,907 12,355,053 H&R REIT 1,851,770 31,339,364 # Inovalis REIT 14,600 118,627 InterRent REIT 469,090 2,930,989 Killam Apartment REIT 433,575 4,263,589 Morguard North American Residential REIT 222,252 2,673,976 Morguard REIT 367,081 4,180,910 # Northview Apartment REIT 423,524 7,096,384 # NorthWest Healthcare Properties REIT 750,831 6,395,689 OneREIT 654,812 1,948,548 Partners REIT 174,504 442,296 Plaza Retail REIT 115,017 408,682 Pure Industrial Real Estate Trust 2,097,245 10,715,421 RioCan REIT 1,978,144 38,222,169 # Slate Office REIT 436,900 2,782,423 #* Slate Retail REIT 113,059 1,227,847 # Smart REIT 863,854 21,728,864 Summit Industrial Income REIT 138,300 790,920 True North Commercial REIT 106,000 528,831 WPT Industrial REIT 61,935 800,200 ------------ TOTAL CANADA 272,362,141 ------------ CHINA -- (0.3%) Spring REIT 5,148,000 2,293,051 Yuexiu REIT 19,572,000 12,749,694 ------------ TOTAL CHINA 15,042,745 ------------ FRANCE -- (5.5%) # Acanthe Developpement SA 206,670 181,479 Affine SA 75,665 1,483,853 Altarea SCA 12,514 2,830,126 # ANF Immobilier 55,558 1,447,692 Argan SA 9,294 396,099 Cegereal SA 15,742 714,781 Fonciere Des Regions 437,893 42,267,752 # Gecina SA 495,218 74,872,950 ICADE 462,268 39,690,462 Klepierre 2,730,083 111,107,628 Mercialys SA 768,716 15,556,175 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ FRANCE -- (Continued) Terreis 1,329 $ 65,452 ------------ TOTAL FRANCE 290,614,449 ------------ GERMANY -- (0.7%) Alstria Office REIT-AG 1,753,518 25,733,152 # Hamborner REIT AG 1,240,659 13,303,203 ------------ TOTAL GERMANY 39,036,355 ------------ GREECE -- (0.0%) Grivalia Properties REIC AE 96,660 1,038,477 ------------ HONG KONG -- (5.1%) Champion REIT 27,957,012 21,751,707 Fortune REIT 15,332,000 19,152,343 Link REIT 26,287,305 213,417,148 Prosperity REIT 15,193,000 6,669,456 # Regal REIT 8,857,000 2,777,012 Sunlight REIT 11,826,000 7,779,227 ------------ TOTAL HONG KONG 271,546,893 ------------ IRELAND -- (0.2%) Green REIT P.L.C. 2,160,165 3,765,471 Hibernia REIT P.L.C. 2,341,033 3,884,808 Irish Residential Properties REIT P.L.C. 1,293,622 2,048,536 ------------ TOTAL IRELAND 9,698,815 ------------ ITALY -- (0.3%) # Beni Stabili SpA SIIQ 15,422,813 12,304,043 Immobiliare Grande Distribuzione SIIQ SpA 5,794,879 5,662,907 ------------ TOTAL ITALY 17,966,950 ------------ JAPAN -- (21.1%) # Activia Properties, Inc. 5,558 24,984,522 # Advance Residence Investment Corp. 16,982 41,507,828 # AEON REIT Investment Corp. 10,801 11,849,353 # Comforia Residential REIT, Inc. 5,755 12,126,868 # Daiwa House REIT Investment Corp. 16,850 41,762,617 Daiwa Office Investment Corp. 4,060 19,996,217 # Frontier Real Estate Investment Corp. 6,112 26,139,563 # Fukuoka REIT Corp. 9,472 14,607,781 # Global One Real Estate Investment Corp. 2,938 10,327,464 GLP J-Reit 30,100 32,773,613 # Hankyu Reit, Inc. 7,094 9,051,207 # Heiwa Real Estate REIT, Inc. 12,606 10,407,328 # Hoshino Resorts REIT, Inc. 974 5,018,180 Hulic Reit, Inc. 2,224 3,503,680 Ichigo Office REIT Investment 17,236 11,788,463 # Industrial & Infrastructure Fund Investment Corp. 4,947 22,388,698 Invesco Office J-Reit, Inc. 3,534 3,439,492 Invincible Investment Corp. 44,543 19,950,759 # Japan Excellent, Inc. 17,351 20,271,416 Japan Hotel REIT Investment Corp. 49,278 35,622,774 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- JAPAN -- (Continued) # Japan Logistics Fund, Inc. 11,680 $ 23,729,378 Japan Prime Realty Investment Corp. 10,743 40,402,560 Japan Real Estate Investment Corp. 15,904 83,531,513 # Japan Rental Housing Investments, Inc. 23,044 17,160,123 Japan Retail Fund Investment Corp. 33,155 63,328,060 Kenedix Office Investment Corp. 5,713 32,289,969 # Kenedix Residential Investment Corp. 5,296 13,307,638 Kenedix Retail REIT Corp. 4,686 10,281,803 LaSalle Logiport REIT 751 755,244 # MCUBS MidCity Investment Corp. 3,815 11,593,447 # Mori Hills REIT Investment Corp. 20,252 25,515,309 Mori Trust Sogo Reit, Inc. 14,240 23,612,173 Nippon Accommodations Fund, Inc. 5,917 24,586,108 Nippon Building Fund, Inc. 17,286 93,312,600 Nippon Healthcare Investment Corp. 8 12,095 Nippon Prologis REIT, Inc. 14,541 30,663,325 NIPPON REIT Investment Corp. 2,769 7,786,624 Nomura Real Estate Master Fund, Inc. 48,643 68,971,473 One REIT, Inc. 1,013 2,042,139 Orix JREIT, Inc. 31,638 48,034,184 Premier Investment Corp. 18,424 18,799,330 Sekisui House REIT, Inc. 6,623 8,194,499 Sekisui House SI Residential Investment Corp. 15,334 15,942,607 Starts Proceed Investment Corp. 2,824 3,848,167 # Tokyu REIT, Inc. 13,901 16,921,007 United Urban Investment Corp. 37,832 56,420,277 -------------- TOTAL JAPAN 1,118,559,475 -------------- MALAYSIA -- (0.6%) Amanahraya REIT 294,900 65,438 # AmFirst REIT 1,788,940 304,913 # Axis REIT 6,217,663 2,382,182 Capitaland Malaysia Mall Trust 13,641,700 4,906,612 Hektar REIT(962MTW908) 18,695 786 Hektar REIT(B1KKH50) 125,525 37,817 IGB REIT 14,597,900 5,864,101 # KLCCP Stapled Group 3,518,600 6,419,560 MRCB-Quill REIT 914,300 275,469 Pavilion REIT 1,564,400 639,312 Sunway REIT 17,387,800 6,943,314 Tower REIT 434,900 123,939 YTL Hospitality REIT 4,960,600 1,390,329 -------------- TOTAL MALAYSIA 29,353,772 -------------- MEXICO -- (1.9%) # Asesor de Activos Prisma SAPI de C.V. 3,326,746 2,266,728 # Concentradora Fibra Danhos S.A. de C.V. 1,325,340 2,378,577 # Concentradora Fibra Hotelera Mexicana S.A. de C.V. 2,806,810 2,364,957 # Fibra Shop Portafolios Inmobiliarios SAPI de C.V. 922,349 629,493 # Fibra Uno Administracion S.A. de C.V. 30,974,520 57,712,390 Macquarie Mexico Real Estate Management S.A. de C.V. 13,745,011 16,939,505 # PLA Administradora Industrial S de RL de C.V. 7,766,644 13,537,366 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ MEXICO -- (Continued) # Prologis Property Mexico S.A. de C.V. 1,872,836 $ 3,693,598 ------------ TOTAL MEXICO 99,522,614 ------------ NETHERLANDS -- (7.1%) Eurocommercial Properties NV 509,139 20,608,913 NSI NV 174,414 6,819,957 Unibail-Rodamco SE(7076242) 237,413 59,399,834 Unibail-Rodamco SE(B1YY4B3) 978,160 244,642,111 Vastned Retail NV 265,177 12,114,904 # Wereldhave NV 644,767 31,215,833 ------------ TOTAL NETHERLANDS 374,801,552 ------------ NEW ZEALAND -- (0.9%) Argosy Property, Ltd. 8,416,510 6,575,046 # Goodman Property Trust 10,754,430 10,138,373 Investore Property, Ltd. 253,531 262,610 Kiwi Property Group, Ltd. 15,851,134 16,312,743 NPT, Ltd. 45,944 20,409 # Precinct Properties New Zealand, Ltd. 6,633,108 6,274,986 # Property for Industry, Ltd. 1,709,109 2,118,166 # Stride Stapled Group 1,515,919 1,879,491 # Vital Healthcare Property Trust 2,801,107 4,754,510 ------------ TOTAL NEW ZEALAND 48,336,334 ------------ SINGAPORE -- (7.9%) AIMS AMP Capital Industrial REIT 5,106,691 5,426,440 Ascendas Hospitality Trust 3,316,900 2,057,012 Ascendas REIT 30,066,800 59,857,194 # Ascott Residence Trust 16,932,759 14,864,842 Cache Logistics Trust 12,661,400 8,266,232 CapitaLand Commercial Trust 28,390,200 36,016,053 CapitaLand Mall Trust 31,180,300 46,222,359 CapitaLand Retail China Trust 8,641,880 10,587,344 # CDL Hospitality Trusts 12,761,980 15,060,634 ESR REIT 13,730,631 5,718,332 Far East Hospitality Trust 4,824,800 2,384,505 First REIT 5,547,326 5,525,606 Frasers Centrepoint Trust 8,302,000 12,865,015 Frasers Commercial Trust 8,987,005 9,279,564 Frasers Hospitality Trust 519,500 283,691 Keppel DC REIT 5,318,888 5,023,124 # Keppel REIT 25,020,226 21,412,579 Lippo Malls Indonesia Retail Trust 16,287,800 5,523,249 # Mapletree Commercial Trust 24,275,337 28,749,870 Mapletree Greater China Commercial Trust 12,058,700 9,875,169 Mapletree Industrial Trust 18,110,458 24,786,343 Mapletree Logistics Trust 21,785,855 19,283,154 OUE Commercial REIT 51,300 27,628 OUE Hospitality Trust 3,507,732 1,953,546 # Parkway Life REIT 5,040,400 10,075,965 Sabana Shari'ah Compliant Industrial REIT 8,532,284 2,830,333 # Soilbuild Business Space REIT 2,526,800 1,323,872 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SINGAPORE -- (Continued) SPH REIT 2,365,000 $ 1,745,011 # Starhill Global REIT 19,191,500 11,046,623 Suntec REIT 30,680,700 43,012,229 Viva Industrial Trust 590,300 402,866 ------------ TOTAL SINGAPORE 421,486,384 ------------ SOUTH AFRICA -- (3.7%) Arrowhead Properties, Ltd. 3,268,782 2,170,350 Delta Property Fund, Ltd. 891,284 491,440 Emira Property Fund, Ltd. 7,724,124 8,299,490 # Growthpoint Properties, Ltd. 27,672,603 52,064,579 Hyprop Investments, Ltd. 2,938,575 26,352,553 Investec Property Fund, Ltd. 1,028,769 1,220,881 Octodec Investments, Ltd. 45,282 79,135 Rebosis Property Fund, Ltd. 2,976,645 2,553,846 Redefine Properties, Ltd. 62,287,298 50,940,945 Resilient REIT, Ltd. 3,317,397 32,944,871 SA Corporate Real Estate, Ltd. 24,743,151 10,505,630 Texton Property Fund, Ltd. 75,868 44,009 Tower Property Fund, Ltd. 53,426 31,211 Vukile Property Fund, Ltd. 6,008,647 8,798,937 ------------ TOTAL SOUTH AFRICA 196,497,877 ------------ SPAIN -- (1.2%) Axiare Patrimonio SOCIMI SA 7,737 144,314 Hispania Activos Inmobiliarios Socimi SA 193,497 3,483,076 Lar Espana Real Estate Socimi SA 101,075 1,012,158 Merlin Properties Socimi SA 4,321,122 58,152,327 ------------ TOTAL SPAIN 62,791,875 ------------ TAIWAN -- (0.2%) Cathay No. 1 REIT 10,681,000 5,093,243 Cathay No. 2 REIT 4,114,000 1,907,190 Fubon No. 1 REIT 1,271,000 569,846 Fubon No. 2 REIT 3,958,000 1,638,469 Shin Kong No.1 REIT 4,867,000 2,280,819 ------------ TOTAL TAIWAN 11,489,567 ------------ TURKEY -- (0.6%) # AKIS Gayrimenkul Yatirimi A.S. 1,228,433 1,113,141 # Alarko Gayrimenkul Yatirim Ortakligi A.S. 139,996 1,671,725 #* Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. 23,309,059 21,083,911 # Halk Gayrimenkul Yatirim Ortakligi A.S. 1,499,348 485,725 # Is Gayrimenkul Yatirim Ortakligi A.S. 6,936,888 2,915,746 #* Nurol Gayrimenkul Yatirim Ortakligi A.S. 1,133,058 1,733,740 #* Sinpas Gayrimenkul Yatirim Ortakligi A.S. 3,459,490 757,916 # Torunlar Gayrimenkul Yatirim Ortakligi A.S. 1,568,001 2,355,202 #* Vakif Gayrimenkul Yatirim Ortakligi A.S. 1,074,815 1,054,646 ------------ TOTAL TURKEY 33,171,752 ------------ UNITED KINGDOM -- (13.3%) Assura P.L.C. 5,368,641 4,542,243 DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- UNITED KINGDOM -- (Continued) Big Yellow Group P.L.C. 1,811,236 $ 18,515,842 British Land Co. P.L.C. (The) 12,925,996 104,156,527 Capital & Regional P.L.C. 1,032,032 774,660 Derwent London P.L.C. 1,425,149 53,546,523 Great Protland Estates P.L.C. 4,507,678 35,821,446 Hammerson P.L.C. 10,638,393 80,623,697 Hansteen Holdings P.L.C. 9,516,018 15,923,447 # Intu Properties P.L.C. 12,362,546 41,677,041 Land Securities Group P.L.C. 10,157,591 136,980,392 Londonmetric Property P.L.C. 8,627,557 19,148,323 # McKay Securities P.L.C. 334,872 1,033,212 Mucklow A & J Group P.L.C. 310,731 2,053,063 NewRiver REIT P.L.C. 429,280 2,001,422 # Primary Health Properties P.L.C. 4,887,776 7,449,164 Redefine International P.L.C. 8,273,014 4,173,488 Regional REIT, Ltd. 12,440 16,850 Safestore Holdings P.L.C. 2,534,961 14,088,988 Schroder REIT, Ltd. 512,965 418,841 Segro P.L.C. 13,126,533 91,356,628 Shaftesbury P.L.C. 3,415,647 44,314,514 Standard Life Investment Property Income Trust, Ltd. 456,766 554,322 Town Centre Securities P.L.C. 12,594 49,644 Tritax Big Box REIT P.L.C. 2,074,089 4,095,798 Unite Group P.L.C. (The) 757,269 6,705,751 Workspace Group P.L.C. 1,431,403 17,275,570 -------------- TOTAL UNITED KINGDOM 707,297,396 -------------- TOTAL COMMON STOCKS 5,192,393,730 -------------- RIGHTS/WARRANTS -- (0.1%) FRANCE -- (0.1%) #* Gecina SA Rights 08/02/17 483,998 1,436,976 -------------- TOTAL INVESTMENT SECURITIES 5,193,830,706 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (2.2%) (S)@ DFA Short Term Investment Fund 10,319,458 119,416,765 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,957,314,339)^^ $5,313,247,471 ============== DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Australia -- $1,063,147,883 -- $1,063,147,883 Belgium -- 108,630,424 -- 108,630,424 Canada $272,362,141 -- -- 272,362,141 China -- 15,042,745 -- 15,042,745 France -- 290,614,449 -- 290,614,449 Germany -- 39,036,355 -- 39,036,355 Greece -- 1,038,477 -- 1,038,477 Hong Kong -- 271,546,893 -- 271,546,893 Ireland -- 9,698,815 -- 9,698,815 Italy -- 17,966,950 -- 17,966,950 Japan -- 1,118,559,475 -- 1,118,559,475 Malaysia 786 29,352,986 -- 29,353,772 Mexico 99,522,614 -- -- 99,522,614 Netherlands 59,399,834 315,401,718 -- 374,801,552 New Zealand -- 48,336,334 -- 48,336,334 Singapore -- 421,486,384 -- 421,486,384 South Africa -- 196,497,877 -- 196,497,877 Spain -- 62,791,875 -- 62,791,875 Taiwan -- 11,489,567 -- 11,489,567 Turkey -- 33,171,752 -- 33,171,752 United Kingdom -- 707,297,396 -- 707,297,396 RIGHTS/WARRANTS France -- 1,436,976 -- 1,436,976 Securities Lending Collateral -- 119,416,765 -- 119,416,765 Futures Contracts** (41,132) -- -- (41,132) ------------ -------------- -- -------------- TOTAL $431,244,243 $4,881,962,096 -- $5,313,206,339 ============ ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (38.1%) UNITED STATES -- (38.1%) Acadia Realty Trust 249,592 $ 7,422,866 Agree Realty Corp. 87,244 4,289,787 Alexander's, Inc. 6,253 2,719,992 Alexandria Real Estate Equities, Inc. 225,859 27,385,404 American Assets Trust, Inc. 97,564 3,962,074 American Campus Communities, Inc. 382,011 18,313,607 American Homes 4 Rent Class A 662,253 15,238,451 American Tower Corp. 688,514 93,865,114 Apartment Investment & Management Co. Class A 426,372 19,421,245 Apple Hospitality REIT, Inc. 582,793 10,758,359 Ashford Hospitality Prime, Inc. 73,611 762,610 Ashford Hospitality Trust, Inc. 275,446 1,732,555 AvalonBay Communities, Inc. 356,336 68,541,230 Bluerock Residential Growth REIT, Inc. 65,910 887,149 Boston Properties, Inc. 395,124 47,774,443 Brandywine Realty Trust 516,499 8,682,348 Brixmor Property Group, Inc. 845,793 16,569,085 Camden Property Trust 235,761 21,147,762 # Care Capital Properties, Inc. 224,411 5,435,222 CareTrust REIT, Inc. 221,596 4,041,911 # CBL & Associates Properties, Inc. 527,033 4,632,620 Cedar Realty Trust, Inc. 242,504 1,256,171 Chatham Lodging Trust 116,459 2,408,372 Chesapeake Lodging Trust 178,163 4,495,052 City Office REIT, Inc. 54,673 694,894 Columbia Property Trust, Inc. 329,448 7,165,494 # CoreSite Realty Corp. 100,739 10,938,241 Corporate Office Properties Trust 277,098 9,224,592 # Cousins Properties, Inc. 1,183,651 10,877,753 Crown Castle International Corp. 647,927 65,168,498 CubeSmart 525,759 12,965,217 CyrusOne, Inc. 238,516 14,241,790 DCT Industrial Trust, Inc. 255,426 14,390,701 DDR Corp. 1,042,870 10,626,845 DiamondRock Hospitality Co. 616,887 7,205,240 # Digital Realty Trust, Inc. 413,200 47,658,488 Douglas Emmett, Inc. 397,620 15,212,941 Duke Realty Corp. 956,564 27,348,165 DuPont Fabros Technology, Inc. 200,640 12,505,891 Easterly Government Properties, Inc. 81,341 1,626,007 EastGroup Properties, Inc. 99,578 8,681,210 # Education Realty Trust, Inc. 193,080 7,250,154 # Empire State Realty Trust, Inc. Class A 391,965 8,188,149 EPR Properties 215,736 15,614,972 Equinix, Inc. 201,491 90,818,038 * Equity Commonwealth 341,847 10,795,528 Equity LifeStyle Properties, Inc. 233,501 20,384,637 Equity Residential 949,511 64,623,719 Essex Property Trust, Inc. 169,648 44,396,882 Extra Space Storage, Inc. 338,852 26,938,734 Federal Realty Investment Trust 194,327 25,773,590 DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED STATES -- (Continued) FelCor Lodging Trust, Inc. 325,157 $ 2,399,659 First Industrial Realty Trust, Inc. 352,667 10,763,397 First Potomac Realty Trust 151,619 1,687,519 Forest City Realty Trust, Inc. Class A 646,007 15,749,651 Four Corners Property Trust, Inc. 177,370 4,501,651 Franklin Street Properties Corp. 279,599 2,955,361 Gaming and Leisure Properties, Inc. 524,252 19,890,121 Getty Realty Corp. 86,613 2,250,206 GGP, Inc. 1,597,784 36,125,896 Gladstone Commercial Corp. 69,854 1,486,493 Global Net Lease, Inc. 108,571 2,388,569 # Government Properties Income Trust 272,431 4,830,202 Gramercy Property Trust 413,433 12,493,948 HCP, Inc. 1,211,791 38,353,185 Healthcare Realty Trust, Inc. 333,251 11,097,258 Healthcare Trust of America, Inc. Class A 504,125 15,421,184 Hersha Hospitality Trust 128,746 2,415,275 Highwoods Properties, Inc. 293,290 15,110,301 Hospitality Properties Trust 462,820 13,449,549 # Host Hotels & Resorts, Inc. 1,912,967 35,695,964 Hudson Pacific Properties, Inc. 459,714 15,041,842 Independence Realty Trust, Inc. 136,789 1,382,938 Investors Real Estate Trust 331,938 2,064,654 Iron Mountain, Inc. 636,599 23,191,302 * JBG SMITH Properties 210,366 7,463,768 # Kilroy Realty Corp. 280,036 19,437,299 Kimco Realty Corp. 1,145,033 23,106,766 Kite Realty Group Trust 242,607 4,980,722 Lamar Advertising Co. Class A 68,165 4,810,404 # LaSalle Hotel Properties 332,308 9,816,378 Lexington Realty Trust 598,757 6,095,346 Liberty Property Trust 419,447 17,625,163 # Life Storage, Inc. 136,976 10,004,727 LTC Properties, Inc. 117,686 6,077,305 Macerich Co. (The) 315,905 18,129,788 Mack-Cali Realty Corp. 251,528 6,600,095 Medical Properties Trust, Inc. 1,041,313 13,516,243 MGM Growth Properties LLC Class A 79,250 2,371,952 Mid-America Apartment Communities, Inc. 305,526 31,631,057 Monmouth Real Estate Investment Corp. 179,296 2,762,951 Monogram Residential Trust, Inc. 418,329 5,003,215 National Health Investors, Inc. 120,736 9,326,856 # National Retail Properties, Inc. 424,938 16,989,021 National Storage Affiliates Trust 136,326 3,130,045 New Senior Investment Group, Inc. 245,357 2,549,259 NexPoint Residential Trust, Inc. 20,214 507,169 NorthStar Realty Europe Corp. 118,344 1,527,821 # Omega Healthcare Investors, Inc. 560,761 17,714,440 One Liberty Properties, Inc. 27,127 666,782 Outfront Media, Inc. 130,285 2,979,618 Paramount Group, Inc. 549,455 8,994,578 Park Hotels & Resorts, Inc. 438,551 11,810,178 Parkway, Inc. 114,611 2,637,199 DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED STATES -- (Continued) # Pebblebrook Hotel Trust 211,843 $ 7,132,754 # Pennsylvania REIT 202,104 2,403,017 Physicians Realty Trust 510,350 9,502,717 Piedmont Office Realty Trust, Inc. Class A 422,970 8,886,600 Prologis, Inc. 1,369,512 83,280,025 PS Business Parks, Inc. 59,027 7,936,770 Public Storage 401,596 82,556,090 QTS Realty Trust, Inc. Class A 141,139 7,546,702 * Quality Care Properties, Inc. 279,315 4,698,078 Ramco-Gershenson Properties Trust 228,309 3,216,874 Realty Income Corp. 706,169 40,294,003 # Regency Centers Corp. 411,767 27,267,184 Retail Opportunity Investments Corp. 338,007 6,854,782 Retail Properties of America, Inc. Class A 668,207 8,840,379 Rexford Industrial Realty, Inc. 185,717 5,296,649 RLJ Lodging Trust 367,263 7,771,285 # Ryman Hospitality Properties, Inc. 130,630 8,176,132 # Sabra Health Care REIT, Inc. 201,487 4,674,498 Saul Centers, Inc. 28,821 1,705,050 * SBA Communications Corp. 250,693 34,482,822 Select Income REIT 195,615 4,591,084 Senior Housing Properties Trust 699,785 13,610,818 # Seritage Growth Properties REIT Class A 15,817 739,761 Simon Property Group, Inc. 796,159 126,191,201 # SL Green Realty Corp. 273,780 28,273,261 Sotherly Hotels, Inc. 8,638 57,097 Spirit Realty Capital, Inc. 1,391,118 11,031,566 STAG Industrial, Inc. 228,575 6,237,812 Starwood Waypoint Homes REIT 313,583 10,962,862 STORE Capital Corp. 503,743 11,782,549 Summit Hotel Properties, Inc. 318,015 5,702,009 Sun Communities, Inc. 220,961 19,667,739 Sunstone Hotel Investors, Inc. 593,954 9,669,571 Tanger Factory Outlet Centers, Inc. 277,233 7,327,268 Taubman Centers, Inc. 174,445 9,920,687 Terreno Realty Corp. 144,097 4,988,638 Tier REIT, Inc. 51,681 955,065 UDR, Inc. 719,297 28,117,320 UMH Properties, Inc. 75,254 1,244,701 * Uniti Group, Inc. 203,954 5,221,222 Universal Health Realty Income Trust 27,660 2,143,097 Urban Edge Properties 305,958 7,688,725 Urstadt Biddle Properties, Inc. 4,807 86,526 Urstadt Biddle Properties, Inc. Class A 82,114 1,719,467 Ventas, Inc. 875,833 58,987,353 VEREIT, Inc. 2,620,942 21,780,028 Vornado Realty Trust 420,731 33,385,005 # Washington Prime Group, Inc. 570,960 5,150,059 # Washington REIT 218,798 7,314,417 Weingarten Realty Investors 350,561 11,379,210 Welltower, Inc. 896,447 65,790,245 Wheeler Real Estate Investment Trust, Inc. 14,264 152,340 Whitestone REIT 117,228 1,529,825 DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED SHARES VALUE++ ----------- -------------- UNITED STATES -- (Continued) # WP Carey, Inc. 270,933 $ 18,561,620 Xenia Hotels & Resorts, Inc. 309,178 6,282,497 TOTAL COMMON STOCKS 2,452,837,125 -------------- AFFILIATED INVESTMENT COMPANIES -- (60.0%) UNITED STATES -- (60.0%) DFA International Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. 433,755,338 2,242,515,099 DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. 45,676,211 1,612,370,258 -------------- TOTAL UNITED STATES 3,854,885,357 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES 3,854,885,357 -------------- TOTAL INVESTMENT SECURITIES 6,307,722,482 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (1.9%) (S)@ DFA Short Term Investment Fund 10,278,089 118,938,048 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $5,615,247,724)^^ $6,426,660,530 ============== DFA GLOBAL REAL ESTATE SECURITIES PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks United States $2,452,837,125 -- -- $2,452,837,125 Affiliated Investment Companies United States 3,854,885,357 -- -- 3,854,885,357 Securities Lending Collateral -- $118,938,048 -- 118,938,048 Futures Contracts** (47,057) -- -- (47,057) -------------- ------------ -- -------------- TOTAL $6,307,675,425 $118,938,048 -- $6,426,613,473 ============== ============ == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ---------- ----------- COMMON STOCKS -- (94.8%) AUSTRALIA -- (6.1%) * Alkane Resources, Ltd. 330,198 $ 89,980 ALS, Ltd. 1,272,330 7,554,204 # Alumina, Ltd. 11,338,262 17,221,387 Ardent Leisure Group 2,451,362 4,097,385 * Arrium, Ltd. 40,069,546 601,043 Ausdrill, Ltd. 5,194,507 8,084,963 Austal, Ltd. 2,269,240 3,272,663 #* Australian Agricultural Co., Ltd. 9,764,810 12,925,374 Australian Pharmaceutical Industries, Ltd. 7,544,846 10,593,555 Australian Vintage, Ltd. 207,737 69,739 # Automotive Holdings Group, Ltd. 1,865,010 5,714,219 * Avanco Resources, Ltd. 268,930 23,654 AVJennings, Ltd. 185,198 109,678 * AWE, Ltd. 1,709,032 657,454 Bank of Queensland, Ltd. 1,326,679 12,788,379 Beach Energy, Ltd. 34,298,548 18,701,901 #* Beadell Resources, Ltd. 4,849,294 722,898 * Billabong International, Ltd. 1,810,338 1,158,666 BlueScope Steel, Ltd. 3,907,601 41,164,785 * Boart Longyear, Ltd. 1,845,618 78,217 Boral, Ltd. 3,203,367 17,752,017 # Brickworks, Ltd. 932,972 9,851,228 # Cabcharge Australia, Ltd. 2,260,959 3,944,310 * Capitol Health, Ltd. 266,354 56,523 #* Cardno, Ltd. 1,007,598 1,013,070 Cedar Woods Properties, Ltd. 228,251 896,529 Cleanaway Waste Management, Ltd. 38,916,627 40,613,672 #* Cooper Energy, Ltd. 7,668,755 2,116,687 CSR, Ltd. 10,995,812 34,501,832 # Decmil Group, Ltd. 2,576,215 1,689,133 * Devine, Ltd. 187,838 54,839 # Donaco International, Ltd. 144,071 61,223 #* Doray Minerals, Ltd. 1,656,706 259,480 Downer EDI, Ltd. 14,090,474 71,721,572 # Eclipx Group, Ltd. 837,880 2,485,634 * Emeco Holdings, Ltd. 479,295 53,684 #* Energy Resources of Australia, Ltd. 1,766,896 770,832 #* Energy World Corp., Ltd. 1,522,900 499,495 # EQT Holdings, Ltd. 32,383 453,351 # Estia Health, Ltd. 751,014 1,744,476 Event Hospitality and Entertainment, Ltd. 1,383,545 14,552,796 # Evolution Mining, Ltd. 11,401,052 20,371,655 Fairfax Media, Ltd. 34,868,682 27,614,629 #* Fleetwood Corp., Ltd. 344,795 730,098 # FlexiGroup, Ltd. 2,550,626 3,939,481 # Gateway Lifestyle 1,398,020 2,164,446 # Genworth Mortgage Insurance Australia, Ltd. 3,844,469 9,257,331 GrainCorp, Ltd. Class A 4,687,674 32,729,614 Grange Resources, Ltd. 150,582 17,477 Greencross, Ltd. 454,676 2,098,879 GWA Group, Ltd. 4,911 12,739 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- AUSTRALIA -- (Continued) Healthscope, Ltd. 819,607 $ 1,364,250 HFA Holdings, Ltd. 1,273,133 2,603,981 HT&E, Ltd. 2,582,571 5,371,225 * Imdex, Ltd. 14,389 8,402 # IMF Bentham, Ltd. 1,865,003 2,879,086 # Independence Group NL 2,196,796 5,306,976 iSelect, Ltd. 91,185 152,396 # Japara Healthcare, Ltd. 2,141,775 3,496,268 K&S Corp., Ltd. 85,482 120,140 #* Karoon Gas Australia, Ltd. 1,731,740 1,872,445 * Kingsgate Consolidated, Ltd. 2,292,130 422,550 * Lemarne Corp., Ltd. 5,585 1,988 MACA, Ltd. 3,065,389 4,119,412 * Macmahon Holdings, Ltd. 4,023,278 548,276 Mantra Group, Ltd. 323,966 780,376 MaxiTRANS Industries, Ltd. 4,059,977 2,285,361 #* Mayne Pharma Group, Ltd. 5,233,959 4,021,226 McPherson's, Ltd. 1,735,582 1,977,128 #* Medusa Mining, Ltd. 1,918,687 454,439 Melbourne IT, Ltd. 140,105 320,139 #* Metals X, Ltd. 150,575 98,241 # Metcash, Ltd. 16,529,768 34,656,986 Michael Hill International, Ltd. 13,999 13,673 * Mincor Resources NL 735,362 108,768 Mineral Resources, Ltd. 2,907,168 28,584,529 #* MMA Offshore, Ltd. 2,641,490 369,942 Money3 Corp., Ltd. 845,687 970,528 #* Mount Gibson Iron, Ltd. 9,465,060 3,370,478 # Myer Holdings, Ltd. 20,305,776 12,332,624 MyState, Ltd. 313,573 1,246,360 # Nine Entertainment Co. Holdings, Ltd. 5,050,005 5,815,662 #* NRW Holdings, Ltd. 5,038,600 2,636,208 Nufarm, Ltd. 2,728,532 18,470,747 OZ Minerals, Ltd. 7,708,562 51,516,795 Pacific Current Group, Ltd. 25,888 144,978 #* Paladin Energy, Ltd. 2,903,909 109,187 * Panoramic Resources, Ltd. 1,318,921 269,177 Peet, Ltd. 1,019,847 971,350 #* Perseus Mining, Ltd. 15,493,100 3,932,421 PMP, Ltd. 4,876,007 2,884,962 Premier Investments, Ltd. 1,493,440 16,300,633 Primary Health Care, Ltd. 12,982,539 35,177,519 Prime Media Group, Ltd. 1,585,650 514,091 Programmed Maintenance Services, Ltd. 1,074,222 2,561,970 # Quintis, Ltd. 5,342,275 1,282,146 #* Ramelius Resources, Ltd. 1,910,170 614,353 * RCR Tomlinson, Ltd. 2,094,718 6,285,077 Reject Shop, Ltd. (The) 6,227 24,345 Resolute Mining, Ltd. 8,168,990 7,055,197 # Retail Food Group, Ltd. 38,854 150,625 Ridley Corp., Ltd. 6,977,105 7,978,375 Ruralco Holdings, Ltd. 82,658 204,991 RXP Services, Ltd. 29,448 20,973 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ AUSTRALIA -- (Continued) * Saracen Mineral Holdings, Ltd. 487,265 $ 527,789 # Select Harvests, Ltd. 691,273 2,710,814 #* Senex Energy, Ltd. 3,986,483 910,175 Service Stream, Ltd. 2,839,400 3,068,832 # Seven Group Holdings, Ltd. 2,554,612 24,448,491 Seven West Media, Ltd. 20,150,904 13,055,577 Sigma Healthcare, Ltd. 15,162,419 11,649,893 #* Silver Lake Resources, Ltd. 2,177,400 780,833 Sims Metal Management, Ltd. 3,389,894 42,107,677 SMS Management & Technology, Ltd. 176,360 253,759 Southern Cross Media Group, Ltd. 10,193,512 10,810,317 Star Entertainment Grp, Ltd. (The) 2,584,878 10,427,605 Sunland Group, Ltd. 4,829,649 6,913,353 # Tassal Group, Ltd. 4,196,203 12,728,880 # Tox Free Solutions, Ltd. 1,487,753 2,844,907 Treasury Wine Estates, Ltd. 1,700,884 16,559,408 * Troy Resources, Ltd. 3,051,857 269,718 Villa World, Ltd. 1,649,008 2,969,692 # Village Roadshow, Ltd. 2,392,402 7,693,148 #* Virgin Australia Holdings, Ltd. 25,431,330 3,562,034 Virtus Health, Ltd. 180,817 810,626 # Vocus Group, Ltd. 1,202,043 3,353,254 * Watpac, Ltd. 1,757,924 830,054 Webster, Ltd. 63,484 68,549 #* Western Areas, Ltd. 1,193,726 2,263,901 * Westgold Resources, Ltd. 8,041 10,171 #* Whitehaven Coal, Ltd. 13,243,340 31,471,176 #* WorleyParsons, Ltd. 4,851,691 45,789,134 WPP AUNZ, Ltd. 6,136,618 5,652,454 ------------ TOTAL AUSTRALIA 998,981,072 ------------ AUSTRIA -- (1.3%) Agrana Beteiligungs AG 93,996 12,739,275 # Austria Technologie & Systemtechnik AG 470,429 6,244,505 BUWOG AG 350,613 10,303,159 EVN AG 107,936 1,652,542 * FACC AG 3,610 43,665 Mayr Melnhof Karton AG 41,411 5,458,242 Oberbank AG 43,607 3,991,882 POLYTEC Holding AG 29,421 543,580 * Raiffeisen Bank International AG 1,873,490 55,211,159 Semperit AG Holding 399 12,189 Strabag SE 365,905 16,241,654 UBM Development AG 396 18,209 UNIQA Insurance Group AG 1,717,271 17,777,721 Verbund AG 115,824 2,291,117 # Vienna Insurance Group AG Wiener Versicherung Gruppe 189,835 5,714,603 Voestalpine AG 151,638 7,685,606 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ AUSTRIA -- (Continued) Wienerberger AG 2,684,294 $ 61,706,845 ------------ TOTAL AUSTRIA 207,635,953 ------------ BELGIUM -- (1.3%) Ackermans & van Haaren NV 245,506 44,385,009 * AGFA-Gevaert NV 2,668,591 12,442,421 Banque Nationale de Belgique 4,321 14,902,371 Barco NV 132,896 13,310,484 Bekaert SA 759,352 36,728,091 Cie d'Entreprises CFE 21,865 3,223,513 Cie Immobiliere de Belgique SA 44,670 2,781,755 D'ieteren SA 419,895 19,890,567 Deceuninck NV 1,443,246 5,896,535 # Euronav NV 2,116,511 16,885,663 Exmar NV 34,926 205,039 Gimv NV 113,663 7,191,798 Jensen-Group NV 32,815 1,590,374 #* Nyrstar NV 788,160 5,118,103 RealDolmen 34,782 1,085,844 Recticel SA 956,554 7,540,538 # Roularta Media Group NV 31,767 822,211 Sioen Industries NV 92,932 3,226,844 Sipef SA 53,743 3,954,867 * Tessenderlo Group SA 309,118 13,570,822 ------------ TOTAL BELGIUM 214,752,849 ------------ CANADA -- (8.1%) #* 5N Plus, Inc. 376,518 939,219 Acadian Timber Corp. 22,417 330,838 * Advantage Oil & Gas, Ltd. 6,292,549 43,254,177 Aecon Group, Inc. 1,778,253 21,480,241 #* Africa Oil Corp. 837,013 1,295,717 # AGF Management, Ltd. Class B 1,846,299 11,091,862 AGT Food & Ingredients, Inc. 41,801 852,616 AKITA Drilling, Ltd. Class A 2,300 13,412 * Alacer Gold Corp. 6,842,241 11,415,168 Alamos Gold, Inc. Class A 4,962,631 35,147,409 # Alaris Royalty Corp. 401,208 7,253,442 Algoma Central Corp. 242,510 2,373,068 * Alio Gold, Inc. 133,512 561,141 * Argonaut Gold, Inc. 2,901,866 5,097,322 #* Asanko Gold, Inc. 421,647 527,587 #* Athabasca Oil Corp. 5,645,853 4,709,595 * ATS Automation Tooling Systems, Inc. 1,235,365 13,277,635 * AuRico Metals, Inc. 792,639 750,202 # AutoCanada, Inc. 107,676 1,734,216 * B2Gold Corp. 2,798,993 7,026,949 #* Ballard Power Systems, Inc. 1,173,999 3,427,597 * Banro Corp. 68,055 28,931 #* Baytex Energy Corp. 3,957,778 11,110,666 #* Bellatrix Exploration, Ltd. 281,254 703,840 Birchcliff Energy, Ltd. 2,751,174 13,460,727 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) # Black Diamond Group, Ltd. 805,829 $ 1,719,274 #* BlackPearl Resources, Inc. 2,959,451 2,349,995 Bonavista Energy Corp. 5,380,193 13,507,122 # Bonterra Energy Corp. 227,054 3,059,561 Boralex, Inc. Class A 163,912 2,927,869 * Calfrac Well Services, Ltd. 37,100 100,580 Canaccord Genuity Group, Inc. 2,146,114 10,792,969 #* Canacol Energy, Ltd. 881,210 3,173,558 # Canadian Western Bank 2,715,867 60,994,005 * Canfor Corp. 580,600 9,742,251 # CanWel Building Materials Group, Ltd. 433,097 2,136,392 * Capstone Mining Corp. 4,979,716 4,792,989 # Cardinal Energy, Ltd. 139,645 520,833 Cascades, Inc. 2,013,736 24,825,444 * Celestica, Inc. 234,404 2,786,338 Centerra Gold, Inc. 5,288,650 28,208,961 * Cequence Energy, Ltd. 1,565,706 219,770 # Cervus Equipment Corp. 15,793 154,921 Chesswood Group, Ltd. 2,499 27,120 #* China Gold International Resources Corp., Ltd. 4,180,209 6,370,481 # Clarke, Inc. 9,000 81,572 # Cona Resources, Ltd. 727,540 1,779,825 * Continental Gold, Inc. 273,548 743,796 #* Copper Mountain Mining Corp. 1,723,963 1,382,766 # Corus Entertainment, Inc. Class B 2,146,332 23,826,136 Cott Corp. 462,929 7,184,821 * Crew Energy, Inc. 5,839,523 19,016,213 #* Delphi Energy Corp. 4,372,780 4,314,032 #* Denison Mines Corp. 1,362,547 710,371 * Detour Gold Corp. 678,458 8,532,762 Dominion Diamond Corp. 2,095,673 29,483,140 Dorel Industries, Inc. Class B 968,521 25,588,997 * DREAM Unlimited Corp. Class A 33,339 197,079 * Dundee Precious Metals, Inc. 1,584,306 3,342,069 E-L Financial Corp., Ltd. 1,909 1,289,254 ECN Capital Corp. 898,926 2,855,221 Eldorado Gold Corp. 1,941,056 4,110,197 Element Fleet Management Corp. 170,400 1,290,215 # Enbridge Income Fund Holdings, Inc. 758,977 19,504,811 Enerflex, Ltd. 1,090,480 15,079,106 Enerplus Corp. 397,925 3,590,661 Ensign Energy Services, Inc. 3,409,421 18,240,095 # Equitable Group, Inc. 206,961 9,093,502 * Essential Energy Services Trust 749,550 360,722 Firm Capital Mortgage Investment Corp. 25,805 280,455 * First Majestic Silver Corp. 485,485 3,995,249 * GASFRAC Energy Services, Inc. 42,951 4 * Gear Energy, Ltd. 83,000 50,596 Genesis Land Development Corp. 29,263 85,201 # Genworth MI Canada, Inc. 1,552,401 45,286,404 * Golden Star Resources, Ltd. 427,455 291,427 * Gran Tierra Energy, Inc. 6,563,232 15,424,319 Granite Oil Corp. 618,348 2,296,331 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CANADA -- (Continued) Guardian Capital Group, Ltd. Class A 9,493 $ 205,583 * Heroux-Devtek, Inc. 307,225 3,270,003 #* HNZ Group, Inc. 16,021 182,216 # Home Capital Group, Inc. 836,103 9,254,639 # Horizon North Logistics, Inc. 1,341,225 1,420,026 HudBay Minerals, Inc. 6,241,460 48,459,862 # Hudson's Bay Co. 812,618 6,954,589 * IAMGOLD Corp. 10,435,944 56,333,590 #* Imperial Metals Corp. 703 2,154 * Indigo Books & Music, Inc. 3,842 47,919 * Interfor Corp. 773,130 12,036,457 * Ivanhoe Mines, Ltd. Class A 689,308 2,720,189 * Kelt Exploration, Ltd. 120,230 645,151 * Kingsway Financial Services, Inc. 219,399 1,337,423 Kirkland Lake Gold, Ltd. 61,430 636,596 # Laurentian Bank of Canada 1,265,011 54,963,422 * Liberty Gold Corp. 164,675 61,419 Linamar Corp. 38,647 2,118,107 # Liquor Stores N.A., Ltd. 796,585 6,395,681 Lundin Mining Corp. 725,642 5,220,781 * Major Drilling Group International, Inc. 863,726 5,708,524 #* Manitok Energy, Inc. 112,911 7,698 Martinrea International, Inc. 1,556,730 12,573,709 #* MEG Energy Corp. 3,455,577 14,190,940 Melcor Developments, Ltd. 65,624 755,327 * Midas Gold Corp. 315,200 192,141 #* NAPEC, Inc. 29,200 28,339 Nevsun Resources, Ltd. 4,055,610 10,962,427 * New Gold, Inc. 11,871,053 39,705,066 North American Energy Partners, Inc. 293,866 1,237,455 * Novelion Therapeutics, Inc. 151,326 1,369,504 * NuVista Energy, Ltd. 1,300,584 6,665,917 * Obsidian Energy, Ltd. 785,409 926,049 OceanaGold Corp. 3,288,049 8,993,180 Osisko Gold Royalties, Ltd. 98,765 1,268,280 #* Painted Pony Energy, Ltd. 2,925,470 10,676,470 Pan American Silver Corp. 430,298 7,247,851 #* Paramount Resources, Ltd. Class A 804,631 12,894,748 * Parex Resources, Inc. 1,795 22,086 #* Pengrowth Energy Corp. 236,874 178,594 * PHX Energy Services Corp. 163,422 270,021 #* Pine Cliff Energy, Ltd. 71,000 39,294 Pizza Pizza Royalty Corp. 2,733 36,761 * Platinum Group Metals, Ltd. 815 595 Polaris Infrastructure, Inc. 34,174 466,252 #* Precision Drilling Corp. 11,731,771 34,063,775 * Pretium Resources, Inc. 67,900 652,450 #* Primero Mining Corp. 2,037,175 735,295 #* Pulse Seismic, Inc. 532,256 1,092,902 Quarterhill, Inc. 1,888,786 2,711,792 * Questerre Energy Corp. Class A 182,349 108,232 #* RB Energy, Inc. 238,050 167 Reitmans Canada, Ltd. Class A 497,608 1,823,997 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- CANADA -- (Continued) #* RMP Energy, Inc. 3,336,312 $ 1,605,604 Rocky Mountain Dealerships, Inc. 239,595 1,939,052 * Royal Nickel Corp. 227,692 34,699 Russel Metals, Inc. 78,090 1,562,113 #* Sabina Gold & Silver Corp. 1,665,532 3,019,132 #* Sandstorm Gold, Ltd. 2,164,090 8,921,935 * SEMAFO, Inc. 31,900 77,015 * Sherritt International Corp. 5,842,314 4,029,990 * Sierra Wireless, Inc. 504,140 14,844,178 * Silver Standard Resources, Inc. 2,026,777 19,702,856 * Sonde Resources Corp. 463,104 324 * Southern Pacific Resource Corp. 156,000 16 #* Spartan Energy Corp. 375,233 1,923,193 * Sprott Resource Holdings, Inc. 2,491,730 309,780 # Sprott, Inc. 400,352 735,357 #* Stornoway Diamond Corp. 91,500 57,979 # Stuart Olson, Inc. 310,772 1,326,093 * SunOpta, Inc. 5,141 49,070 # Surge Energy, Inc. 9,089,370 15,820,279 Tahoe Resources, Inc. 1,083,364 5,926,241 #* Tamarack Valley Energy, Ltd. 428,700 804,618 #* Taseko Mines, Ltd. 1,111,891 1,658,807 #* Tembec, Inc. 144,749 527,099 #* Teranga Gold Corp. 1,540,573 3,941,790 # Timbercreek Financial Corp. 62,546 470,569 TMX Group, Ltd. 415,432 22,025,310 # TORC Oil & Gas, Ltd. 5,437,465 24,466,957 Total Energy Services, Inc. 266,625 2,587,659 TransAlta Corp. 5,378,540 35,073,215 Transcontinental, Inc. Class A 1,164,824 23,749,610 #* TransGlobe Energy Corp. 771,803 1,052,388 #* Trevali Mining Corp. 1,508,807 1,561,148 #* Trican Well Service, Ltd. 5,068,055 14,837,296 #* Trilogy Energy Corp. 17,403 73,841 * Trinidad Drilling, Ltd. 5,988,103 8,597,317 #* UrtheCast Corp. 147,700 132,684 Veresen, Inc. 462,061 6,748,852 Wajax Corp. 31,428 591,126 * Western Energy Services Corp. 383,464 442,902 WestJet Airlines, Ltd. 46,672 930,258 Whitecap Resources, Inc. 5,765,272 42,589,256 * Xtreme Drilling Corp. 134,200 215,280 Yamana Gold, Inc. 5,806,790 15,137,010 * Yangarra Resources, Ltd. 389,100 1,057,990 #* Yellow Pages, Ltd. 173,120 908,125 -------------- TOTAL CANADA 1,327,519,017 -------------- CHINA -- (0.0%) K Wah International Holdings, Ltd. 4,411,069 2,650,919 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CHINA -- (Continued) Rivera Holdings, Ltd. 3,827,468 $ 284,108 ------------ TOTAL CHINA 2,935,027 ------------ DENMARK -- (2.0%) Alm Brand A.S. 2,234,801 22,403,376 * Bang & Olufsen A.S. 109,581 1,917,363 BankNordik P/F 1,163 23,508 Brodrene Hartmann A.S. 37,835 2,317,633 #* D/S Norden A.S. 232,032 4,603,088 DFDS A.S. 379,782 21,660,765 FLSmidth & Co. A.S. 69,353 4,244,707 Harboes Bryggeri A.S. Class B 25,276 478,683 Jyske Bank A.S. 1,144,435 71,728,995 Matas A.S. 31,107 480,058 * NKT A.S. 193,561 17,003,275 Nordjyske Bank A.S. 1,282 24,499 Parken Sport & Entertainment A.S. 3,027 41,767 Per Aarsleff Holding A.S. 360,763 8,998,635 Ringkjoebing Landbobank A.S. 8,697 457,879 * Santa Fe Group A.S. 73,540 666,399 Schouw & Co. AB 288,754 31,707,562 Solar A.S. Class B 13,242 788,606 Spar Nord Bank A.S. 1,291,541 17,358,010 Sydbank A.S. 1,536,298 63,996,171 TDC A.S. 10,061,114 62,082,638 * TK Development A.S. 855,340 1,455,827 United International Enterprises 5,453 1,149,150 ------------ TOTAL DENMARK 335,588,594 ------------ FINLAND -- (2.2%) Afarak Group Oyj 12,614 11,814 Ahlstrom-Munksjo Oyj 114,308 2,357,890 Aktia Bank Oyj 306,393 3,336,396 Alma Media Oyj 66,105 506,966 Apetit Oyj 49,710 818,234 Aspo Oyj 47,651 508,685 Atria Oyj 226,288 3,026,679 Cargotec Oyj Class B 995,570 60,782,118 Cramo Oyj 703,159 20,172,118 Digia Oyj 16,809 55,505 Finnair Oyj 1,273,697 13,780,683 Fiskars Oyj Abp 90,078 2,262,863 HKScan Oyj Class A 621,609 2,221,406 Huhtamaki Oyj 94,481 3,661,211 Kemira Oyj 2,533,375 31,932,434 Kesko Oyj Class A 22,084 1,120,302 Kesko Oyj Class B 1,488,722 75,275,833 Lemminkainen Oyj 102,047 3,058,948 # Metsa Board Oyj 4,867,669 34,432,130 Oriola Oyj Class B 493,799 2,117,995 Outokumpu Oyj 4,479,602 37,642,737 * Outotec Oyj 459,968 3,000,233 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ FINLAND -- (Continued) Raisio Oyj Class V 1,764,468 $ 7,389,902 Sanoma Oyj 1,480,220 13,749,269 SRV Group OYJ 53,962 287,993 #* Stockmann Oyj Abp Class B 68,490 592,983 Teleste Oyj 14,414 137,292 Valmet Oyj 564,821 10,295,831 # YIT Oyj 2,550,341 21,657,735 ------------ TOTAL FINLAND 356,194,185 ------------ FRANCE -- (4.8%) # Actia Group 230,776 2,421,710 * Air France-KLM 2,369,497 32,082,939 Albioma SA 323,167 7,593,593 Altamir 280,815 5,588,253 #* Antalis International SAS 159,942 363,532 April SA 5,397 83,052 Arkema SA 629,565 71,666,770 Assystem 57,970 2,223,588 Aubay 67,510 2,453,633 Axway Software SA 21,272 610,942 Beneteau SA 37,311 640,544 * Bigben Interactive 104,487 1,198,713 Bollore SA 330,202 1,532,016 Bonduelle SCA 255,781 9,828,298 # Bourbon Corp. 184,560 1,720,199 Burelle SA 10,573 14,963,316 #* Cegedim SA 54,858 2,093,655 #* CGG SA 329,176 1,453,709 Chargeurs SA 313,902 9,103,285 Cie des Alpes 148,768 4,860,406 * Coface SA 278,997 2,638,121 Derichebourg SA 1,989,017 17,425,559 Dom Security 11,434 826,336 # Elis SA 56,941 1,376,756 #* Eramet 43,344 2,736,186 * Esso SA Francaise 17,766 1,194,465 Euler Hermes Group 102,652 12,271,995 Eutelsat Communications SA 1,631,696 44,160,568 Exel Industries Class A 758 90,601 Fleury Michon SA 23,776 1,427,005 * Fnac Darty SA 121,889 11,551,783 #* Gaumont SA 20,175 2,106,424 Gevelot SA 3,986 867,919 GL Events 178,186 5,286,922 Groupe Crit 4,167 399,266 Groupe Open 25,346 756,254 Guerbet 31,290 2,815,948 Haulotte Group SA 747 13,150 #* HiPay Group SA 8,504 163,429 Imerys SA 17,844 1,546,796 IPSOS 501,363 17,314,595 Jacquet Metal Service 305,921 8,549,469 # Korian SA 573,233 18,953,360 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ FRANCE -- (Continued) # Lagardere SCA 1,741,158 $ 57,206,822 # Laurent-Perrier 2,015 182,490 LISI 237,815 11,465,091 Manitou BF SA 64,023 2,245,212 Manutan International 28,045 2,883,859 Mersen SA 263,906 9,750,793 MGI Coutier 109,662 4,410,867 Mr Bricolage 111,339 2,097,026 * Naturex 2,490 252,732 # Neopost SA 646,462 29,643,630 Nexans SA 749,010 42,906,549 Nexity SA 643,522 34,515,899 * NRJ Group 12,279 162,523 * Parrot SA 2,316 27,501 #* Pierre & Vacances SA 120,231 6,720,072 Plastivaloire 140,655 3,617,497 PSB Industries SA 15,761 995,019 # Rallye SA 568,290 12,077,408 # Rexel SA 5,065,215 80,209,980 Rothschild & Co. 150,603 5,601,238 Samse SA 151 26,492 Savencia SA 134,716 13,398,648 Seche Environnement SA 30,106 1,176,056 #* Sequana SA 527,310 585,730 * Societe des Bains de Mer et du Cercle des Etrangers a Monaco 84,490 3,296,908 * SOITEC 125,431 7,964,577 Sopra Steria Group 83,584 14,454,558 #* Ste Industrielle d'Aviation Latecoere SA 899,728 4,630,944 Stef SA 2,582 286,984 Sword Group 75,221 3,089,313 Technicolor SA 21,780 79,179 Teleperformance 147,180 20,506,974 # Television Francaise 1 1,440,989 21,084,082 Total Gabon 4,098 646,621 Trigano SA 151,086 19,868,165 * Ubisoft Entertainment SA 274,640 17,377,984 Vicat SA 237,441 17,346,222 Vilmorin & Cie SA 59,638 5,258,694 Vranken-Pommery Monopole SA 77,814 2,241,069 ------------ TOTAL FRANCE 787,246,468 ------------ GERMANY -- (7.3%) Aareal Bank AG 1,773,002 73,949,263 * Adler Modemaerkte AG 3,827 26,533 #* ADVA Optical Networking SE 917,174 6,985,197 * AIXTRON SE 396,705 3,530,196 Allgeier SE 59,997 1,607,293 * AS Creation Tapeten 20,562 600,682 Aurubis AG 1,167,679 103,950,196 Bauer AG 286,017 7,931,353 BayWa AG 302,576 11,196,927 Bechtle AG 58,908 4,240,258 Bijou Brigitte AG 14,200 983,163 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) # Bilfinger SE 724,187 $29,590,842 #* Biotest AG 138,215 4,499,522 Borussia Dortmund GmbH & Co. KGaA 1,222,993 8,649,056 CENTROTEC Sustainable AG 145,380 3,217,489 Comdirect Bank AG 138,628 1,748,450 CropEnergies AG 326,711 3,513,393 Data Modul AG 3,196 330,895 #* DEAG Deutsche Entertainment AG 123,678 367,703 Deutsche Beteiligungs AG 136,601 6,435,451 Deutsche Pfandbriefbank AG 907,051 11,951,304 Deutz AG 2,228,106 16,541,025 DMG Mori AG 446,833 26,388,524 Dr Hoenle AG 4,441 187,498 Draegerwerk AG & Co. KGaA 45,391 3,693,074 Eckert & Ziegler AG 59,171 2,505,009 Elmos Semiconductor AG 274,316 6,687,234 # ElringKlinger AG 257,060 4,484,200 * Euromicron AG 42,451 429,964 * First Sensor AG 22,346 366,889 Fraport AG Frankfurt Airport Services Worldwide 378,117 37,864,270 Freenet AG 6,806 229,735 # Gerry Weber International AG 170,608 2,176,810 Gesco AG 68,972 2,186,388 GFT Technologies SE 12,555 233,381 Grammer AG 317,119 18,017,595 * H&R GmbH & Co. KGaA 137,297 1,868,309 Hamburger Hafen und Logistik AG 42,217 1,180,712 * Hapag-Lloyd AG 45,084 1,782,634 #* Heidelberger Druckmaschinen AG 3,640,884 12,397,264 Hella KGaA Hueck & Co. 154,822 8,186,594 * HolidayCheck Group AG 12,393 44,056 Hornbach Baumarkt AG 70,139 2,607,313 Indus Holding AG 243,183 18,201,189 Isra Vision AG 65,835 12,056,104 Jenoptik AG 1,049,352 28,911,761 # K+S AG 1,961,469 51,004,398 * Kampa AG 31,214 848 Kloeckner & Co. SE 1,687,503 18,657,588 Koenig & Bauer AG 22,528 1,764,806 * Kontron AG 706,318 2,908,782 KSB AG 5,771 3,264,509 KWS Saat SE 13,613 5,529,910 Lanxess AG 1,107,252 85,384,505 Leifheit AG 89,538 3,546,015 Leoni AG 736,148 43,542,032 #* Manz AG 26,058 1,033,945 * Mediclin AG 665,900 4,464,470 # MLP AG 987,481 7,233,297 # Nexus AG 166,190 5,113,453 #* Nordex SE 174,177 2,378,247 OHB SE 1,812 64,936 OSRAM Licht AG 936,766 78,064,734 * Patrizia Immobilien AG 162,610 2,937,424 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ----------- -------------- GERMANY -- (Continued) * Petro Welt Technologies AG 1,197 $ 9,276 PNE Wind AG 677,255 2,121,504 Progress-Werk Oberkirch AG 4,752 241,882 Puma SE 4,050 1,623,625 # QSC AG 2,347,986 5,161,257 Rheinmetall AG 1,054,399 105,218,435 # RHOEN-KLINIKUM AG 482,929 15,197,366 RIB Software SE 11,017 196,817 SAF-Holland SA 682,962 12,067,436 Salzgitter AG 1,332,610 59,787,110 SHW AG 103,480 4,358,168 # Sixt SE 225,021 15,906,190 # SMA Solar Technology AG 51,884 1,881,621 Software AG 317,493 13,881,772 # Stada Arzneimittel AG 227,265 17,694,717 # Suedzucker AG 1,254,819 26,782,115 #* Suess MicroTec AG 367,116 5,306,429 Surteco SE 62,998 1,858,768 Technotrans AG 50,201 2,469,669 #* Tom Tailor Holding SE 322,370 2,703,777 Uniper SE 1,061,404 21,874,448 VERBIO Vereinigte BioEnergie AG 419,617 4,772,904 * Vossloh AG 12,790 850,672 # VTG AG 315,946 15,839,494 Wacker Chemie AG 182,515 22,650,872 Wacker Neuson SE 678,854 18,224,213 Wuestenrot & Wuerttembergische AG 52,108 1,345,722 -------------- TOTAL GERMANY 1,191,452,856 -------------- GREECE -- (0.0%) * Tropea Holding SA 4,581 2,034 -------------- HONG KONG -- (3.4%) * 13 Holdings, Ltd. (The) 878,500 114,804 # Aeon Credit Service Asia Co., Ltd. 50,000 38,127 Agritrade Resources, Ltd. 5,295,000 1,301,736 Alco Holdings, Ltd. 3,192,000 824,744 Allied Group, Ltd. 2,067,000 12,641,494 # Allied Properties HK, Ltd. 38,654,372 8,453,251 * APAC Resources, Ltd. 172,000 21,990 APT Satellite Holdings, Ltd. 2,709,125 1,336,391 # Asia Financial Holdings, Ltd. 4,694,106 2,570,697 Asia Standard Hotel Group, Ltd. 6,064,077 410,375 Asia Standard International Group, Ltd. 9,389,503 2,725,525 Asian Growth Properties, Ltd. 2,481,475 899,538 Associated International Hotels, Ltd. 1,617,000 4,968,018 BeijingWest Industries International, Ltd. 238,000 43,543 Bonjour Holdings, Ltd. 1,930,000 92,616 * Burwill Holdings, Ltd. 746,000 19,938 CCT Fortis Holdings, Ltd. 4,184,000 552,179 Century City International Holdings, Ltd. 29,975,300 2,835,146 * Champion Technology Holdings, Ltd. 116,639,373 1,743,976 Chen Hsong Holdings 2,032,000 624,892 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- HONG KONG -- (Continued) Cheuk Nang Holdings, Ltd. 4,475,286 $ 2,978,916 Chevalier International Holdings, Ltd. 2,760,858 4,611,193 China Flavors & Fragrances Co., Ltd. 2,077,291 624,686 # China Metal International Holdings, Inc. 774,000 292,227 * China National Culture Group, Ltd. 10,400,000 22,617 #* China Strategic Holdings, Ltd. 33,210,000 446,172 Chinney Investments, Ltd. 1,108,000 559,814 Chong Hing Bank, Ltd. 320,000 652,610 Chow Sang Sang Holdings International, Ltd. 382,000 892,019 Chuang's China Investments, Ltd. 31,164,415 2,751,077 Chuang's Consortium International, Ltd. 23,805,520 5,542,229 CITIC Telecom International Holdings, Ltd. 1,914,000 582,706 CNT Group, Ltd. 1,680,000 105,252 * Convoy Global Holdings, Ltd. 1,782,000 40,354 # Cowell e Holdings, Inc. 7,616,000 3,114,837 * CP Lotus Corp. 1,170,000 22,793 CSI Properties, Ltd. 120,825,476 6,417,248 # CW Group Holdings, Ltd. 2,610,500 437,624 Dah Sing Banking Group, Ltd. 7,825,488 16,759,135 # Dah Sing Financial Holdings, Ltd. 3,853,356 27,266,008 Dickson Concepts International, Ltd. 850,500 321,078 Dynamic Holdings, Ltd. 346,000 358,623 Eagle Nice International Holdings, Ltd. 2,894,000 1,195,875 EcoGreen International Group, Ltd. 1,311,840 270,656 Emperor Capital Group, Ltd. 15,252,000 1,364,510 Emperor Entertainment Hotel, Ltd. 9,550,000 2,505,710 Emperor International Holdings, Ltd. 35,230,333 13,614,150 * Emperor Watch & Jewellery, Ltd. 52,240,000 2,274,234 * EPI Holdings, Ltd. 1,660,369 89,109 * Esprit Holdings, Ltd. 5,367,300 2,644,623 * eSun Holdings, Ltd. 17,036,400 2,136,708 * Eternity Investment, Ltd. 2,280,000 54,541 Far East Consortium International, Ltd. 29,133,773 16,062,527 * Far East Holdings International, Ltd. 429,000 37,820 # FIH Mobile, Ltd. 38,214,000 12,768,235 First Pacific Co., Ltd. 15,242,000 11,407,051 #* First Shanghai Investments, Ltd. 13,640,000 1,846,763 Fountain SET Holdings, Ltd. 18,888,000 2,488,920 # Future Bright Holdings, Ltd. 2,064,000 184,850 * G-Resources Group, Ltd. 437,571,000 5,712,882 #* GCL New Energy Holdings, Ltd. 3,182,000 146,520 Get Nice Financial Group, Ltd. 4,361,324 714,092 # Get Nice Holdings, Ltd. 155,800,999 5,479,465 * Global Brands Group Holding, Ltd. 96,092,000 9,093,174 Glorious Sun Enterprises, Ltd. 2,976,000 346,953 Gold Peak Industries Holdings, Ltd. 7,973,907 781,597 Golden Resources Development International, Ltd. 12,045,000 785,516 * Grande Holdings, Ltd. (The) 1,072,000 39,091 Great Eagle Holdings, Ltd. 3,569,481 19,574,709 Guangnan Holdings, Ltd. 6,600,000 912,421 Guoco Group, Ltd. 22,000 257,913 # Haitong International Securities Group, Ltd. 12,169,387 7,013,468 Hanison Construction Holdings, Ltd. 7,072,724 1,383,679 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- HONG KONG -- (Continued) * Hao Tian Development Group, Ltd. 5,582,030 $ 185,511 Harbour Centre Development, Ltd. 2,204,000 4,121,878 High Fashion International, Ltd. 996,000 260,125 * HKR International, Ltd. 18,339,998 10,183,961 Hon Kwok Land Investment Co., Ltd. 7,146,935 4,415,240 Hong Kong Ferry Holdings Co., Ltd. 2,376,000 2,773,363 Hong Kong Shanghai Alliance Holdings, Ltd. 882,000 95,853 * Hong Kong Television Network, Ltd. 314,000 107,667 # Hongkong & Shanghai Hotels, Ltd. (The) 4,652,931 8,270,948 Hongkong Chinese, Ltd. 23,297,100 4,264,833 Hopewell Holdings, Ltd. 5,857,500 22,403,576 * Hsin Chong Group Holdings, Ltd. 25,756,000 865,590 * Huan Yue Interactive Holdings, Ltd. 1,289,000 100,616 * Huisheng International Holdings, Ltd. 2,836,000 148,759 Hung Hing Printing Group, Ltd. 7,893,275 1,676,383 # Hutchison Telecommunications Hong Kong Holdings, Ltd. 12,976,000 4,979,194 * International Standard Resources Holdings, Ltd. 6,005,875 56,093 IPE Group, Ltd. 11,190,000 2,792,377 ITC Properties Group, Ltd. 1,154,237 450,356 * Jinhui Holdings Co., Ltd. 187,000 24,003 * Kantone Holdings, Ltd. 1,193,055 77,812 Keck Seng Investments 2,818,000 2,427,170 Kerry Logistics Network, Ltd. 938,500 1,349,557 Kingston Financial Group, Ltd. 711,424 247,551 * Kong Sun Holdings, Ltd. 375,000 16,284 # Kowloon Development Co., Ltd. 10,225,277 11,263,837 Kwoon Chung Bus Holdings, Ltd. 156,000 92,817 Lai Sun Development Co., Ltd. 358,266,666 13,282,993 Lai Sun Garment International, Ltd. 39,693,669 17,480,775 * Lerado Financial Group Company Ltd. 658,400 10,705 Lippo China Resources, Ltd. 7,948,000 284,727 Lippo, Ltd. 4,722,500 2,840,719 Liu Chong Hing Investment, Ltd. 4,264,000 7,049,634 Luks Group Vietnam Holdings Co., Ltd. 1,064,642 350,120 Lung Kee Bermuda Holdings 532,000 247,127 * Macau Legend Development, Ltd. 1,985,000 342,595 Magnificent Hotel Investment, Ltd. 38,616,600 1,121,393 #* Mason Group Holdings, Ltd. 46,560,400 619,029 Master Glory Group, Ltd. 1,982,596 27,101 Melco International Development, Ltd. 4,267,000 10,082,897 Ming Fai International Holdings, Ltd. 2,592,000 407,906 # Miramar Hotel & Investment 2,070,000 4,742,156 * Mongolian Mining Corp. 14,618,000 515,304 NagaCorp, Ltd. 1,770,000 1,078,895 Nanyang Holdings, Ltd. 98,850 538,854 National Electronic Hldgs 4,925,648 679,924 * Neo-Neon Holdings, Ltd. 6,094,000 662,288 * Neptune Group, Ltd. 1,797,691 76,999 * NetMind Financial Holdings, Ltd. 104,400,000 494,011 * Newocean Energy Holdings, Ltd. 15,970,000 4,720,402 * Next Digital, Ltd. 2,634,000 128,222 * Nine Express, Ltd. 1,152,000 41,977 * O Luxe Holdings, Ltd. 2,448,000 454,093 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) * Orange Sky Golden Harvest Entertainment Holdings, Ltd. 20,845,000 $ 2,639,998 * Orient Overseas International, Ltd. 3,932,500 36,597,376 Oriental Watch Holdings 2,074,000 437,673 * Pacific Andes International Holdings, Ltd. 88,958,890 312,064 #* Pacific Basin Shipping, Ltd. 87,232,000 19,060,172 * Pacific Plywood Holdings, Ltd. 2,960,000 170,439 Paliburg Holdings, Ltd. 11,285,041 4,822,253 * Pan Asia Environmental Protection Group, Ltd. 1,196,000 113,166 Playmates Holdings, Ltd. 30,957,000 4,397,643 Pokfulam Development Co. 260,000 655,504 Polytec Asset Holdings, Ltd. 42,514,190 3,672,893 PT International Development Co., Ltd. 1,392,000 94,454 Public Financial Holdings, Ltd. 1,820,444 845,634 * PYI Corp., Ltd. 69,024,086 1,518,940 Regal Hotels International Holdings, Ltd. 9,022,623 7,066,608 Safety Godown Co., Ltd. 140,000 358,435 Samson Holding, Ltd. 114,000 10,939 # SEA Holdings, Ltd. 1,957,000 2,304,484 Shangri-La Asia, Ltd. 1,234,000 2,003,991 Shun Ho Property Investments, Ltd. 271,173 106,856 * Shun Tak Holdings, Ltd. 51,228,546 22,092,694 Sing Tao News Corp., Ltd. 240,000 31,017 * Singamas Container Holdings, Ltd. 26,532,000 3,800,766 Sitoy Group Holdings, Ltd. 2,381,000 520,898 * SOCAM Development, Ltd. 1,644,120 498,436 * Solartech International Holdings, Ltd. 2,420,000 157,935 # Soundwill Holdings, Ltd. 1,672,500 4,192,223 * South China Assets Holdings, Ltd. 4,455,066 31,628 * South China Holdings Co., Ltd. 30,297,751 1,162,682 Strong Petrochemical Holdings, Ltd. 246,000 50,733 Sun Hung Kai & Co., Ltd. 11,365,688 7,505,740 # TAI Cheung Holdings, Ltd. 4,762,000 5,192,169 Tan Chong International, Ltd. 3,879,000 1,214,622 Tao Heung Holdings, Ltd. 179,000 37,127 Tern Properties Co., Ltd. 146,000 88,330 # Texwinca Holdings, Ltd. 844,000 512,030 # Tian Teck Land, Ltd. 766,000 892,454 Transport International Holdings, Ltd. 320,400 1,080,543 * Trinity, Ltd. 10,546,000 607,490 * TSC Group Holdings, Ltd. 2,672,000 235,990 #* United Laboratories International Holdings, Ltd. (The) 9,866,000 6,183,608 Upbest Group, Ltd. 4,920,000 769,768 Vantage International Holdings, Ltd. 5,296,000 757,509 Varitronix International, Ltd. 3,055,000 1,631,179 Vedan International Holdings, Ltd. 5,944,000 699,775 Victory City International Holdings, Ltd. 60,714,231 2,058,382 # VST Holdings, Ltd. 7,240,000 1,921,669 Wai Kee Holdings, Ltd. 60,000 27,212 Wang On Group, Ltd. 70,620,000 641,265 Win Hanverky Holdings, Ltd. 4,154,000 584,520 * Winfull Group Holdings, Ltd. 25,744,000 645,772 Wing On Co. International, Ltd. 2,644,500 8,921,882 # Wing Tai Properties, Ltd. 2,040,749 1,396,629 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ HONG KONG -- (Continued) Wong's International Holdings, Ltd. 70,000 $ 29,237 Wong's Kong King International 300,000 39,525 * Yau Lee Holdings, Ltd. 661,750 103,716 ------------ TOTAL HONG KONG 555,644,837 ------------ IRELAND -- (0.3%) C&C Group P.L.C. 3,076,071 11,141,688 * FBD Holdings P.L.C. 90,978 910,177 IFG Group P.L.C. 26,322 54,553 Kingspan Group P.L.C. 350,486 11,674,282 Smurfit Kappa Group P.L.C. 1,115,662 33,180,926 ------------ TOTAL IRELAND 56,961,626 ------------ ISRAEL -- (0.7%) #* Africa Israel Investments, Ltd. 896,161 68,467 Albaad Massuot Yitzhak, Ltd. 13,368 217,390 Ashtrom Properties, Ltd. 89,884 393,865 * Azorim-Investment Development & Construction Co., Ltd. 581,646 555,389 * Clal Insurance Enterprises Holdings, Ltd. 404,923 6,556,121 Delta-Galil Industries, Ltd. 1,259 34,867 Direct Insurance Financial Investments, Ltd. 42,549 456,212 Dor Alon Energy in Israel 1988, Ltd. 646 10,631 # El Al Israel Airlines 1,372,470 1,305,922 Elron Electronic Industries, Ltd. 177,128 899,553 #* Equital, Ltd. 28,807 684,328 First International Bank Of Israel, Ltd. 756,937 13,815,466 Formula Systems 1985, Ltd. 121,673 4,463,193 Fox Wizel, Ltd. 25,330 525,478 * Gilat Satellite Networks, Ltd. 93,924 513,763 * Hadera Paper, Ltd. 3,711 226,787 Harel Insurance Investments & Financial Services, Ltd. 2,684,353 15,962,408 * Israel Discount Bank, Ltd. Class A 11,010,439 28,383,698 Israel Land Development Co., Ltd. (The) 1,306 12,192 Isras Investment Co., Ltd. 194 21,958 * Jerusalem Oil Exploration 202,003 10,718,301 * Kenon Holdings, Ltd. 123,695 1,721,627 # Meitav Dash Investments, Ltd. 33,219 132,116 Menora Mivtachim Holdings, Ltd. 454,179 5,505,482 Migdal Insurance & Financial Holding, Ltd. 1,932,188 1,982,015 Neto ME Holdings, Ltd. 2,551 249,308 Oil Refineries, Ltd. 17,487,545 8,131,633 Paz Oil Co., Ltd. 6,598 1,101,547 * Phoenix Holdings, Ltd. (The) 1,018,468 4,332,429 Plasson Industries, Ltd. 3,510 129,117 Scope Metals Group, Ltd. 305 8,532 # Shikun & Binui, Ltd. 277,677 638,510 Summit Real Estate Holdings, Ltd. 271,610 1,782,136 #* Union Bank of Israel 500,080 2,572,066 ------------ TOTAL ISRAEL 114,112,507 ------------ ITALY -- (4.0%) A2A SpA 24,552,722 41,767,126 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- ITALY -- (Continued) ACEA SpA 21,204 $ 318,304 * Aeffe SpA 240,125 509,054 * Arnoldo Mondadori Editore SpA 2,347,056 4,889,109 Ascopiave SpA 5,510 22,579 # Astaldi SpA 1,327,919 8,820,580 Banca Finnat Euramerica SpA 44,637 20,228 Banca IFIS SpA 93,898 4,406,686 #* Banca Monte dei Paschi di Siena SpA 60,810 814,169 Banca Popolare di Sondrio SCPA 8,010,906 34,956,841 # Banca Profilo SpA 1,615,003 407,800 Banca Sistema SpA 89,589 234,639 * Banco BPM SpA 16,393,175 59,707,317 Banco di Desio e della Brianza SpA 411,880 1,213,982 BPER Banca 15,635,640 85,894,949 Buzzi Unicem SpA 1,209,077 30,621,552 # Cairo Communication SpA 114,343 532,539 Cementir Holding SpA 1,930,531 13,752,053 CIR-Compagnie Industriali Riunite SpA 9,921,227 14,764,822 Credito Emiliano SpA 1,325,081 11,429,753 * Credito Valtellinese SpA 165,780 803,615 #* d'Amico International Shipping SA 5,402,854 1,679,205 Danieli & C Officine Meccaniche SpA 257,380 6,629,899 De' Longhi SpA 451,322 14,842,995 # DeA Capital SpA 1,813,416 2,693,493 El.En. SpA 44,002 1,289,780 Emak SpA 479,273 895,962 ERG SpA 1,317,910 18,832,271 Esprinet SpA 316,177 2,442,221 #* Eurotech SpA 787,611 1,213,245 * Exprivia SpA 44,857 64,728 Falck Renewables SpA 4,175,607 6,269,360 #* Fincantieri SpA 5,165,247 6,102,930 FNM SpA 2,898,912 1,843,283 * GEDI Gruppo Editoriale SpA 2,256,028 2,094,080 Hera SpA 572,605 1,851,570 * IMMSI SpA 3,972,895 2,153,627 #* Intek Group SpA 2,057,644 726,192 Italmobiliare SpA 157,576 4,476,652 IVS Group SA 16,004 254,722 La Doria SpA 52,211 633,772 Massimo Zanetti Beverage Group SpA 2,605 24,700 OVS SpA 486,321 3,678,778 # Panariagroup Industrie Ceramiche SpA 52,649 349,584 Parmalat SpA 4,106 14,880 # Piaggio & C SpA 340,698 945,820 Prima Industrie SpA 30,052 936,567 # Reno de Medici SpA 2,194,907 1,111,062 #* Retelit SpA 3,697,604 5,676,578 Sabaf SpA 23,316 420,770 * Safilo Group SpA 778,234 5,966,895 * Saipem SpA 7,249,776 29,747,117 # Salini Impregilo SpA 1,587,500 5,576,421 Servizi Italia SpA 2,815 14,533 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ ITALY -- (Continued) Societa Cattolica di Assicurazioni SCRL 4,350,939 $ 37,624,244 Societa Iniziative Autostradali e Servizi SpA 394,554 5,429,029 #* Sogefi SpA 366,991 1,861,487 SOL SpA 59,375 720,631 Tamburi Investment Partners SpA 56,442 378,824 #* Trevi Finanziaria Industriale SpA 933,951 795,141 # Unione di Banche Italiane SpA 16,182,911 78,180,822 Unipol Gruppo Finanziario SpA 12,902,657 60,406,167 # UnipolSai Assicurazioni SpA 10,298,124 23,806,985 Vittoria Assicurazioni SpA 189,283 2,652,771 ------------ TOTAL ITALY 659,197,490 ------------ JAPAN -- (25.1%) 77 Bank, Ltd. (The) 1,791,000 9,233,718 A&D Co., Ltd. 317,700 1,320,110 Achilles Corp. 305,500 5,381,772 ADEKA Corp. 463,100 7,109,134 # Agro-Kanesho Co., Ltd. 21,700 296,557 Ahresty Corp. 669,800 6,819,402 Aichi Bank, Ltd. (The) 143,000 7,955,206 Aichi Corp. 47,800 338,777 Aichi Steel Corp. 274,600 11,492,403 Aichi Tokei Denki Co., Ltd. 8,000 274,675 Aida Engineering, Ltd. 507 5,128 Aiphone Co., Ltd. 54,600 963,971 Airport Facilities Co., Ltd. 575,600 3,130,908 Aisan Industry Co., Ltd. 919,830 8,215,509 Akita Bank, Ltd. (The) 4,019,000 11,613,476 # Alconix Corp. 185,800 3,674,331 Alinco, Inc. 60,700 678,592 # Alpen Co., Ltd. 580,200 10,604,367 # Alpha Corp. 111,100 2,467,623 Alpha Systems, Inc. 35,760 695,026 Alpine Electronics, Inc. 1,118,700 20,396,239 Alps Logistics Co., Ltd. 120,700 870,769 AOI Electronic Co., Ltd. 19,300 786,036 AOKI Holdings, Inc. 679,422 8,794,486 Aomori Bank, Ltd. (The) 2,395,000 8,378,560 Aoyama Trading Co., Ltd. 939,299 32,741,328 Arakawa Chemical Industries, Ltd. 422,800 7,428,309 # Arata Corp. 112,800 3,988,493 # Araya Industrial Co., Ltd. 958,000 1,719,332 Arcland Sakamoto Co., Ltd. 359,100 4,915,722 Arcs Co., Ltd. 30,600 661,749 Arisawa Manufacturing Co., Ltd. 855,782 7,285,703 Artnature, Inc. 29,700 191,440 Asahi Broadcasting Corp. 99,300 747,284 Asahi Diamond Industrial Co., Ltd. 705,000 5,331,801 Asahi Kogyosha Co., Ltd. 103,400 3,116,256 Asahi Yukizai Corp. 1,745,000 4,157,632 Asanuma Corp. 333,000 1,020,015 # Ashimori Industry Co., Ltd. 1,372,000 4,373,345 Asia Pile Holdings Corp. 157,400 1,066,802 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) ASKA Pharmaceutical Co., Ltd. 285,000 $ 4,265,666 # Asti Corp. 298,000 1,631,143 Asunaro Aoki Construction Co., Ltd. 580,000 4,975,644 Atsugi Co., Ltd. 2,396,000 2,673,755 Awa Bank, Ltd. (The) 2,372,600 15,582,540 Bando Chemical Industries, Ltd. 313,300 3,205,622 # Bank of Iwate, Ltd. (The) 303,900 11,829,149 # Bank of Kochi, Ltd. (The) 519,000 592,647 # Bank of Nagoya, Ltd. (The) 216,370 7,959,420 Bank of Okinawa, Ltd. (The) 309,240 12,209,593 Bank of Saga, Ltd. (The) 2,682,000 6,343,639 Bank of the Ryukyus, Ltd. 921,500 13,153,244 Bank of Toyama, Ltd. (The) 1,000 37,281 Belluna Co., Ltd. 1,046,424 12,033,151 Bunka Shutter Co., Ltd. 157,600 1,355,891 CAC Holdings Corp. 193,000 1,834,138 Canon Electronics, Inc. 132,000 2,570,194 # Carlit Holdings Co., Ltd. 176,200 1,024,327 Cawachi, Ltd. 458,300 11,311,351 Central Glass Co., Ltd. 5,085,000 22,310,248 Chiba Kogyo Bank, Ltd. (The) 1,126,400 5,808,798 Chilled & Frozen Logistics Holdings Co., Ltd. 2,000 23,799 Chino Corp. 10,100 114,475 Chiyoda Corp. 48,000 288,295 Chiyoda Integre Co., Ltd. 86,200 1,851,301 Chofu Seisakusho Co., Ltd. 30,900 755,763 Chubu Shiryo Co., Ltd. 464,000 6,692,483 Chudenko Corp. 174,860 4,678,743 # Chuetsu Pulp & Paper Co., Ltd. 2,744,000 5,721,470 Chugai Ro Co., Ltd. 4,000 7,943 Chugoku Marine Paints, Ltd. 1,248,800 9,703,159 Chukyo Bank, Ltd. (The) 160,800 3,384,868 Chuo Gyorui Co., Ltd. 606,000 1,588,481 Chuo Spring Co., Ltd. 927,000 3,065,451 CI Takiron Corp. 1,152,000 6,274,476 Citizen Watch Co., Ltd. 2,473,500 18,390,897 Cleanup Corp. 631,600 5,085,170 # CMK Corp. 1,286,700 11,502,867 Computer Engineering & Consulting, Ltd. 196,700 3,815,173 Corona Corp. 249,900 2,621,481 Cosmo Energy Holdings Co., Ltd. 370,700 6,423,250 CTI Engineering Co., Ltd. 347,600 3,473,999 Dai-Dan Co., Ltd. 619,000 8,473,175 Dai-ichi Seiko Co., Ltd. 281,900 6,291,906 Daibiru Corp. 592,500 6,676,740 Daido Kogyo Co., Ltd. 755,447 2,307,018 Daido Metal Co., Ltd. 128,800 1,154,449 Daido Steel Co., Ltd. 2,101,000 12,786,032 # Daihatsu Diesel Manufacturing Co., Ltd. 223,900 1,449,935 Daiho Corp. 704,000 3,402,203 Daiichi Jitsugyo Co., Ltd. 395,000 2,291,974 Daiki Aluminium Industry Co., Ltd. 790,000 4,853,617 # Daikoku Denki Co., Ltd. 80,200 1,246,602 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Dainichi Co., Ltd. 263,300 $ 1,961,442 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 789,000 6,595,063 # Daisan Bank, Ltd. (The) 204,800 3,184,586 Daishi Bank, Ltd. (The) 6,511,932 29,843,426 Daishinku Corp. 200,100 3,373,441 Daisue Construction Co., Ltd. 10,000 94,275 Daito Bank, Ltd. (The) 3,557,000 5,415,249 Daitron Co., Ltd. 67,100 953,385 Daiwa Industries, Ltd. 327,300 3,732,760 Daiwabo Holdings Co., Ltd. 3,831,000 15,076,469 # DCM Holdings Co., Ltd. 2,708,500 23,586,600 Denyo Co., Ltd. 225,100 3,957,899 DKS Co., Ltd. 1,402,000 6,773,147 # DMW Corp. 48,400 840,794 DSB Co., Ltd. 116,700 680,277 Dunlop Sports Co., Ltd. 105,200 1,073,156 Duskin Co., Ltd. 51,800 1,406,207 Dynic Corp. 132,000 235,945 Ebara Jitsugyo Co., Ltd. 6,800 96,473 # EDION Corp. 2,597,400 23,931,328 # Ehime Bank, Ltd. (The) 674,999 8,529,725 Eidai Co., Ltd. 450,000 2,125,353 Eighteenth Bank, Ltd. (The) 4,012,000 10,678,449 Eizo Corp. 295,400 11,843,638 Elematec Corp. 50,300 912,471 Endo Lighting Corp. 204,900 2,318,017 ESPEC Corp. 406,100 6,937,368 Excel Co., Ltd. 244,700 3,186,333 Exedy Corp. 342,900 10,731,724 F-Tech, Inc. 234,900 3,250,160 # Faith, Inc. 12,360 135,442 Falco Holdings Co., Ltd. 10,600 148,347 FCC Co., Ltd. 76,500 1,672,882 # Ferrotec Holdings Corp. 506,200 7,511,490 FIDEA Holdings Co., Ltd. 3,528,800 5,785,639 First Juken Co., Ltd. 42,600 611,697 FJ Next Co., Ltd. 262,300 2,112,021 Foster Electric Co., Ltd. 657,600 12,912,087 Fuji Corp., Ltd. 196,200 1,330,660 Fuji Die Co., Ltd. 2,600 17,744 Fuji Kiko Co., Ltd. 122,800 818,231 Fuji Oil Co., Ltd. 885,500 2,698,789 Fuji Soft, Inc. 172,200 4,941,834 Fujicco Co., Ltd. 147,900 3,585,094 Fujikura Kasei Co., Ltd. 408,600 2,402,236 Fujikura Rubber, Ltd. 429,900 2,724,395 Fujikura, Ltd. 1,841,700 15,505,744 Fujisash Co., Ltd. 298,100 307,461 # Fujishoji Co., Ltd. 58,800 646,150 Fujitsu Frontech, Ltd. 387,300 7,376,469 FuKoKu Co., Ltd. 166,500 1,578,808 Fukuda Corp. 90,800 4,164,846 Fukui Bank, Ltd. (The) 2,053,000 5,003,154 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Fukushima Bank, Ltd. (The) 4,076,000 $ 3,213,407 Fukuyama Transporting Co., Ltd. 2,506,000 16,005,825 Furukawa Co., Ltd. 23,000 42,671 # Furuno Electric Co., Ltd. 606,700 3,633,579 Furusato Industries, Ltd. 138,000 2,196,688 Fuso Pharmaceutical Industries, Ltd. 4,300 108,238 Futaba Corp. 165,800 3,040,711 Futaba Industrial Co., Ltd. 540,700 5,602,249 Fuyo General Lease Co., Ltd. 168,100 9,855,104 G-Tekt Corp. 432,500 8,370,264 Gakken Holdings Co., Ltd. 78,300 2,328,448 Gecoss Corp. 324,200 3,672,219 Geo Holdings Corp. 501,200 5,479,830 GL Sciences, Inc. 11,200 136,699 Godo Steel, Ltd. 433,200 8,253,881 Goldcrest Co., Ltd. 340,930 7,594,426 Grandy House Corp. 131,200 517,377 GSI Creos Corp. 1,528,000 2,036,480 Gun-Ei Chemical Industry Co., Ltd. 117,600 3,911,117 Gunma Bank, Ltd. (The) 1,201,400 7,038,952 Gunze, Ltd. 5,344,000 20,621,840 # H-One Co., Ltd. 532,600 6,107,515 H2O Retailing Corp. 999,839 16,360,468 Hagihara Industries, Inc. 24,300 697,194 Hagiwara Electric Co., Ltd. 62,900 1,344,204 Hakuto Co., Ltd. 348,400 4,698,118 Hamakyorex Co., Ltd. 21,300 563,180 Haneda Zenith Holdings Co., Ltd. 31,500 98,130 Hanwa Co., Ltd. 3,232,000 23,114,105 Happinet Corp. 119,900 2,163,124 Harima Chemicals Group, Inc. 381,700 3,709,358 # Haruyama Holdings, Inc. 258,600 2,387,854 Heian Ceremony Service Co., Ltd. 1,400 12,207 Heiwa Real Estate Co., Ltd. 995,200 15,608,128 Heiwado Co., Ltd. 180,724 4,106,787 HI-LEX Corp. 43,800 1,144,806 Hibiya Engineering, Ltd. 494,400 9,040,422 Hirano Tecseed Co., Ltd. 52,800 780,448 Hitachi Maxell, Ltd. 69,100 1,529,002 Hitachi Zosen Corp. 1,401,619 7,378,076 Hodogaya Chemical Co., Ltd. 125,299 5,377,117 # Hokkaido Coca-Cola Bottling Co., Ltd. 448,000 2,868,482 Hokkan Holdings, Ltd. 1,008,000 3,874,700 # Hokko Chemical Industry Co., Ltd. 492,500 2,685,335 Hokkoku Bank, Ltd. (The) 6,086,159 24,596,655 Hokuetsu Bank, Ltd. (The) 438,600 10,412,052 # Hokuetsu Kishu Paper Co., Ltd. 3,822,174 26,820,028 Hokuhoku Financial Group, Inc. 598,700 9,732,728 # Hokuriku Electrical Construction Co., Ltd. 82,100 706,047 Honeys Holdings Co., Ltd. 167,100 1,887,465 Hoosiers Holdings 823,500 8,257,329 Hosiden Corp. 293,400 3,393,540 Hosokawa Micron Corp. 32,900 1,598,402 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Hurxley Corp. 9,800 $ 100,909 Hyakugo Bank, Ltd. (The) 2,679,855 10,805,532 Hyakujushi Bank, Ltd. (The) 4,300,000 13,948,630 # I-O Data Device, Inc. 164,700 1,826,401 Ibiden Co., Ltd. 1,151,500 19,983,725 IBJ Leasing Co., Ltd. 227,500 5,412,259 Ichikawa Co., Ltd. 146,000 425,109 Ichiken Co., Ltd. 25,000 92,722 Iino Kaiun Kaisha, Ltd. 575,200 2,644,829 # IJT Technology Holdings Co., Ltd. 302,160 1,708,528 # Ikegami Tsushinki Co., Ltd. 673,000 975,595 Imasen Electric Industrial 398,799 4,465,101 # Inaba Seisakusho Co., Ltd. 57,100 705,956 Inabata & Co., Ltd. 1,353,400 19,024,306 Ines Corp. 1,004,900 9,546,487 Innotech Corp. 413,800 2,818,787 Inui Global Logistics Co., Ltd. 112,085 858,918 Ise Chemicals Corp. 24,000 107,417 Iseki & Co., Ltd. 254,300 5,289,295 * Ishihara Sangyo Kaisha, Ltd. 775,800 8,498,747 # Ishizuka Glass Co., Ltd. 619,000 1,341,645 Itochu Enex Co., Ltd. 692,700 6,233,349 Itochu-Shokuhin Co., Ltd. 31,500 1,308,254 Itoham Yonekyu Holdings, Inc. 296,869 2,761,161 Itoki Corp. 982,847 7,983,806 IwaiCosmo Holdings, Inc. 331,700 3,890,010 Iwaki & Co., Ltd. 834,000 3,098,719 Iwasaki Electric Co., Ltd. 2,151,000 4,158,875 Iwatsu Electric Co., Ltd. 1,504,000 1,226,391 * Izutsuya Co., Ltd. 41,799 169,453 J-Oil Mills, Inc. 238,600 8,327,442 Jaccs Co., Ltd. 1,743,000 8,171,622 Jafco Co., Ltd. 266,500 12,744,848 Janome Sewing Machine Co., Ltd. 286,600 2,335,395 Japan Asia Group, Ltd. 316,100 1,230,103 #* Japan Display, Inc. 8,551,100 15,303,991 * Japan Drilling Co., Ltd. 7,100 136,040 Japan Foundation Engineering Co., Ltd. 350,700 1,240,403 # Japan Medical Dynamic Marketing, Inc. 196,800 1,755,756 Japan Oil Transportation Co., Ltd. 55,400 1,381,660 Japan Pulp & Paper Co., Ltd. 1,712,000 6,550,205 Japan Radio Co., Ltd. 54,600 705,034 Japan Steel Works, Ltd. (The) 16,100 265,895 Japan Transcity Corp. 995,000 3,848,211 Japan Wool Textile Co., Ltd. (The) 752,200 6,444,284 Jimoto Holdings, Inc. 801,000 1,430,217 JK Holdings Co., Ltd. 124,400 789,398 JMS Co., Ltd. 769,000 2,294,370 Joban Kosan Co., Ltd. 900 14,782 Joshin Denki Co., Ltd. 161,000 2,265,204 Joyful Honda Co., Ltd. 3,800 105,096 Juroku Bank, Ltd. (The) 6,268,000 19,871,118 JVC Kenwood Corp. 2,800,100 8,153,058 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) K&O Energy Group, Inc. 315,000 $ 4,815,362 * Kadokawa Dwango 234,600 3,099,145 Kaga Electronics Co., Ltd. 468,800 10,340,756 Kamei Corp. 782,000 11,176,457 Kanaden Corp. 457,800 4,872,893 Kanagawa Chuo Kotsu Co., Ltd. 2,000 13,208 Kandenko Co., Ltd. 1,099,000 11,761,673 Kanematsu Corp. 4,083,000 8,922,692 Kansai Urban Banking Corp. 215,200 2,758,992 Kasai Kogyo Co., Ltd. 50,600 658,671 Katakura & Co-op Agri Corp. 165,000 394,971 Katakura Industries Co., Ltd. 41,900 485,440 Kato Sangyo Co., Ltd. 51,900 1,397,943 Kato Works Co., Ltd. 304,473 9,794,533 KAWADA TECHNOLOGIES, Inc. 85,200 5,850,316 Kawagishi Bridge Works Co., Ltd. 30,000 251,546 Kawai Musical Instruments Manufacturing Co., Ltd. 800 16,669 * Kawasaki Kisen Kaisha, Ltd. 4,036,000 10,020,816 Kawasumi Laboratories, Inc. 332,100 2,109,032 Keihanshin Building Co., Ltd. 784,500 4,965,084 # Keihin Co., Ltd. 499,000 728,197 Keihin Corp. 1,125,400 16,193,290 Keiyo Bank, Ltd. (The) 3,914,000 16,559,604 * KI Holdings Co., Ltd. 46,000 120,914 Kimoto Co., Ltd. 90,900 204,936 Kimura Unity Co., Ltd. 9,500 100,107 * Kinki Sharyo Co., Ltd. (The) 3,400 79,115 Kintetsu World Express, Inc. 205,500 3,598,720 Kirindo Holdings Co., Ltd. 3,100 31,772 Kissei Pharmaceutical Co., Ltd. 79,300 2,050,629 Kita-Nippon Bank, Ltd. (The) 173,700 4,981,355 Kitagawa Iron Works Co., Ltd. 183,700 3,926,526 Kitano Construction Corp. 854,000 2,957,417 Kitz Corp. 730,300 6,534,997 Kiyo Bank, Ltd. (The) 651,400 10,894,061 Koa Corp. 585,089 10,321,364 Koatsu Gas Kogyo Co., Ltd. 102,300 760,128 # Kohnan Shoji Co., Ltd. 922,700 16,826,926 Koike Sanso Kogyo Co., Ltd. 3,000 8,381 * Kojima Co., Ltd. 879,600 2,927,239 Kokuyo Co., Ltd. 1,282,211 20,417,952 KOMAIHALTEC, Inc. 74,100 1,526,184 Komatsu Seiren Co., Ltd. 506,100 3,516,347 Komatsu Wall Industry Co., Ltd. 162,100 3,054,304 Komehyo Co., Ltd. 123,800 1,462,323 Komeri Co., Ltd. 324,700 9,499,894 Komori Corp. 614,400 7,305,579 Konaka Co., Ltd. 621,849 3,354,689 Konishi Co., Ltd. 450,700 6,885,199 Konoike Transport Co., Ltd. 157,600 2,146,393 Krosaki Harima Corp. 1,359,000 5,951,652 # KRS Corp. 130,900 3,549,543 # KU Holdings Co., Ltd. 320,700 2,913,204 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # Kumiai Chemical Industry Co., Ltd. 962,078 $ 5,594,233 Kurabo Industries, Ltd. 6,217,000 16,134,987 Kureha Corp. 270,500 13,602,708 Kurimoto, Ltd. 232,400 4,354,057 Kuroda Electric Co., Ltd. 3,700 70,742 KYB Corp. 4,017,000 22,672,155 Kyodo Printing Co., Ltd. 2,136,000 7,475,283 # Kyoei Steel, Ltd. 606,400 9,358,375 Kyokuto Boeki Kaisha, Ltd. 207,000 532,995 Kyokuto Kaihatsu Kogyo Co., Ltd. 895,150 14,986,178 Kyosan Electric Manufacturing Co., Ltd. 876,000 4,879,666 Kyowa Electronics Instruments Co., Ltd. 176,000 737,083 Kyowa Leather Cloth Co., Ltd. 358,300 3,090,792 Kyudenko Corp. 231,600 8,735,372 Kyushu Financial Group, Inc. 3,014,395 18,914,510 LEC, Inc. 154,900 3,791,934 Lonseal Corp. 11,400 272,402 # Look, Inc. 1,157,000 2,905,614 Macnica Fuji Electronics Holdings, Inc. 776,750 12,383,552 Maeda Corp. 842,000 10,180,468 Maeda Road Construction Co., Ltd. 194,000 4,005,446 # Maezawa Industries, Inc. 157,000 556,179 Maezawa Kasei Industries Co., Ltd. 127,300 1,419,970 Maezawa Kyuso Industries Co., Ltd. 132,400 1,925,200 Makino Milling Machine Co., Ltd. 1,351,000 11,409,534 Mamiya-Op Co., Ltd. 4,100 45,225 Marubun Corp. 449,900 3,440,992 Marudai Food Co., Ltd. 3,144,000 14,911,924 Maruka Machinery Co., Ltd. 46,400 778,588 Maruwa Co., Ltd. 107,700 5,228,377 Maruyama Manufacturing Co., Inc. 31,900 536,883 #* Maruzen CHI Holdings Co., Ltd. 27,800 88,793 Maruzen Co., Ltd. 21,000 344,887 Maruzen Showa Unyu Co., Ltd. 1,516,000 6,598,314 Matsuda Sangyo Co., Ltd. 112,700 1,529,615 Matsui Construction Co., Ltd. 415,500 3,554,836 Maxvalu Nishinihon Co., Ltd. 1,500 22,671 # Maxvalu Tokai Co., Ltd. 99,900 1,898,728 Meiko Electronics Co., Ltd. 257,900 3,867,785 Meisei Industrial Co., Ltd. 383,300 2,484,198 # Meiwa Corp. 377,900 1,499,445 Meiwa Estate Co., Ltd. 367,900 2,731,729 Melco Holdings, Inc. 16,200 542,348 # Michinoku Bank, Ltd. (The) 3,204,000 5,427,766 Mie Bank, Ltd. (The) 73,300 1,641,055 Mikuni Corp. 409,000 1,828,503 Mimasu Semiconductor Industry Co., Ltd. 397,300 6,377,406 Minato Bank, Ltd. (The) 287,700 5,267,381 Ministop Co., Ltd. 133,600 2,939,373 Mirait Holdings Corp. 1,086,940 12,743,905 # Misawa Homes Co., Ltd. 380,700 3,493,923 Mitani Corp. 40,100 1,581,690 Mitani Sangyo Co., Ltd. 6,700 25,394 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- JAPAN -- (Continued) Mito Securities Co., Ltd. 908,400 $ 2,525,423 Mitsuba Corp. 50,500 880,534 * Mitsubishi Paper Mills, Ltd. 665,200 4,690,037 Mitsubishi Steel Manufacturing Co., Ltd. 3,593,000 9,243,205 Mitsui Engineering & Shipbuilding Co., Ltd. 14,671,000 20,452,091 Mitsui High-Tec, Inc. 732,600 11,433,526 Mitsui Home Co., Ltd. 256,000 1,745,574 Mitsui Matsushima Co., Ltd. 287,200 3,869,807 Mitsui Mining & Smelting Co., Ltd. 2,134,000 9,322,207 Mitsui Sugar Co., Ltd. 49,900 1,515,079 Mitsui-Soko Holdings Co., Ltd. 2,140,000 5,839,737 Mitsumura Printing Co., Ltd. 46,000 101,376 Mitsuuroko Group Holdings Co., Ltd. 770,500 4,979,993 Miyaji Engineering Group, Inc. 650,000 1,583,580 Miyazaki Bank, Ltd. (The) 4,120,260 13,774,169 Miyoshi Oil & Fat Co., Ltd. 68,500 876,631 Mizuno Corp. 1,147,395 6,670,631 # Monex Group, Inc. 750,800 2,122,083 Morinaga Milk Industry Co., Ltd. 121,000 883,939 Morito Co., Ltd. 42,200 358,565 Mory Industries, Inc. 138,000 2,950,610 # Mr Max Corp. 575,500 2,728,265 Murakami Corp. 31,700 682,542 Musashino Bank, Ltd. (The) 717,900 21,449,641 Nachi-Fujikoshi Corp. 266,000 1,470,298 Nafco Co., Ltd. 35,000 554,977 # Nagano Bank, Ltd. (The) 134,899 2,407,365 Nagano Keiki Co., Ltd. 47,300 338,739 Nagase & Co., Ltd. 1,126,600 17,685,134 Nakabayashi Co., Ltd. 1,049,000 3,091,806 Nakano Corp. 102,100 560,328 # Nakayama Steel Works, Ltd. 200,200 1,213,294 Nakayo, Inc. 72,000 265,059 Namura Shipbuilding Co., Ltd. 291,252 1,668,601 # Nanto Bank, Ltd. (The) 340,300 10,011,121 Narasaki Sangyo Co., Ltd. 71,000 198,297 # NDS Co., Ltd. 88,199 2,548,092 NEC Capital Solutions, Ltd. 223,700 3,853,880 Neturen Co., Ltd. 799,900 7,363,205 Nice Holdings, Inc. 1,326,000 1,899,247 Nichia Steel Works, Ltd. 770,300 2,018,653 Nichiban Co., Ltd. 499,000 4,450,682 Nichicon Corp. 1,572,400 17,280,975 Nichiden Corp. 23,300 836,300 Nichiha Corp. 110 4,086 Nichimo Co., Ltd. 710,000 1,171,576 Nichireki Co., Ltd. 699,900 8,468,118 Nichirin Co., Ltd. 24,500 547,051 Nihon Dempa Kogyo Co., Ltd. 510,500 4,269,379 Nihon Eslead Corp. 178,900 3,374,522 Nihon Nohyaku Co., Ltd. 259,700 1,509,002 # Nihon Plast Co., Ltd. 129,900 1,543,734 Nihon Tokushu Toryo Co., Ltd. 135,600 2,277,177 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Nihon Yamamura Glass Co., Ltd. 1,708,000 $ 2,926,347 Nikkiso Co., Ltd. 25,600 264,193 Nikko Co., Ltd. 128,000 2,627,580 Nikkon Holdings Co., Ltd. 1,070,100 25,297,343 Nippi, Inc. 46,000 331,985 Nippo Corp. 543,000 11,046,884 Nippon Beet Sugar Manufacturing Co., Ltd. 262,100 5,126,471 Nippon Carbide Industries Co., Inc. 1,150,000 1,939,075 Nippon Carbon Co., Ltd. 137,500 4,489,986 Nippon Chemi-Con Corp. 3,708,000 14,979,617 Nippon Chemical Industrial Co., Ltd. 2,426,000 5,201,595 Nippon Coke & Engineering Co., Ltd. 2,609,900 2,461,753 # Nippon Concrete Industries Co., Ltd. 983,900 3,816,962 Nippon Denko Co., Ltd. 3,106,560 14,583,134 Nippon Densetsu Kogyo Co., Ltd. 224,900 4,470,082 Nippon Felt Co., Ltd. 73,100 338,021 Nippon Fine Chemical Co., Ltd. 244,300 2,226,761 Nippon Flour Mills Co., Ltd. 726,900 11,712,803 Nippon Hume Corp. 630,300 3,937,109 Nippon Kinzoku Co., Ltd. 154,000 3,088,514 Nippon Koei Co., Ltd. 338,000 9,351,803 # Nippon Koshuha Steel Co., Ltd. 1,023,000 1,028,809 Nippon Light Metal Holdings Co., Ltd. 4,933,500 13,273,623 Nippon Paper Industries Co., Ltd. 943,600 18,812,410 Nippon Pillar Packing Co., Ltd. 377,000 6,306,578 Nippon Piston Ring Co., Ltd. 208,300 4,094,667 Nippon Rietec Co., Ltd. 49,300 581,315 Nippon Road Co., Ltd. (The) 2,222,000 12,410,953 Nippon Seiki Co., Ltd. 232,000 4,441,944 Nippon Seisen Co., Ltd. 292,000 2,169,900 #* Nippon Sheet Glass Co., Ltd. 1,997,199 16,900,099 Nippon Signal Co., Ltd. 875,100 8,885,383 Nippon Soda Co., Ltd. 2,573,000 14,437,377 Nippon Steel & Sumikin Bussan Corp. 340,480 17,550,592 Nippon Systemware Co., Ltd. 109,500 1,800,005 Nippon Thompson Co., Ltd. 1,373,800 7,848,588 Nippon View Hotel Co., Ltd. 44,700 565,002 # Nippon Yakin Kogyo Co., Ltd. 4,559,100 9,168,949 Nishi-Nippon Financial Holdings, Inc. 354,000 3,982,871 Nishikawa Rubber Co., Ltd. 11,400 229,726 Nishimatsu Construction Co., Ltd. 2,870,073 16,517,062 Nissan Shatai Co., Ltd. 217,600 2,252,928 Nissan Tokyo Sales Holdings Co., Ltd. 289,100 1,097,142 Nissei Plastic Industrial Co., Ltd. 309,300 3,234,389 Nisshin Fudosan Co. 996,400 5,553,766 Nisshin Oillio Group, Ltd. (The) 3,822,000 22,626,271 # Nisshin Steel Co., Ltd. 576,500 7,063,500 Nisshinbo Holdings, Inc. 1,998,300 20,236,002 Nissin Corp. 1,244,000 6,016,347 Nissin Kogyo Co., Ltd. 491,800 8,236,528 # Nissin Sugar Co., Ltd. 365,100 6,299,782 Nissui Pharmaceutical Co., Ltd. 103,300 1,303,726 Nitta Gelatin, Inc. 46,400 319,056 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Nittan Valve Co., Ltd. 213,100 $ 787,338 Nittetsu Mining Co., Ltd. 197,800 11,101,878 # Nitto FC Co., Ltd. 130,705 1,081,018 Nitto Fuji Flour Milling Co., Ltd. 32,400 1,164,859 Nitto Kogyo Corp. 118,400 1,917,734 Nitto Seiko Co., Ltd. 370,400 1,822,180 Nittoc Construction Co., Ltd. 2,300 12,166 Noda Corp. 64,100 596,001 Nohmi Bosai, Ltd. 12,300 189,146 Noritake Co., Ltd. 161,400 6,187,067 Noritsu Koki Co., Ltd. 627,400 5,775,951 Noritz Corp. 262,200 5,142,591 North Pacific Bank, Ltd. 6,362,300 21,327,644 Nozawa Corp. 7,600 97,870 NS United Kaiun Kaisha, Ltd. 3,310,000 6,918,214 NTN Corp. 861,000 4,007,121 Odelic Co., Ltd. 8,000 367,393 Oenon Holdings, Inc. 621,300 1,543,835 Ogaki Kyoritsu Bank, Ltd. (The) 6,857,000 19,810,236 Ohashi Technica, Inc. 47,700 612,287 Oita Bank, Ltd. (The) 3,928,000 14,801,485 Okabe Co., Ltd. 40,000 391,561 Okamoto Machine Tool Works, Ltd. 41,000 106,010 Okamura Corp. 73,600 748,229 Okasan Securities Group, Inc. 985,000 5,965,383 # OKK Corp. 1,877,000 2,414,999 Okumura Corp. 349,000 2,539,689 Okura Industrial Co., Ltd. 1,191,000 7,699,524 Okuwa Co., Ltd. 225,000 2,395,679 Olympic Group Corp. 314,200 1,675,332 ONO Sokki Co., Ltd. 68,300 464,907 # Onoken Co., Ltd. 401,500 6,677,125 Onward Holdings Co., Ltd. 2,559,000 18,564,722 Organo Corp. 281,000 1,497,903 Origin Electric Co., Ltd. 439,000 1,245,671 Osaka Organic Chemical Industry, Ltd. 166,000 1,971,554 Osaka Steel Co., Ltd. 546,800 11,268,632 Osaki Electric Co., Ltd. 605,000 4,625,306 OUG Holdings, Inc. 41,000 98,494 Oyo Corp. 120,600 1,747,970 Pacific Industrial Co., Ltd. 943,200 12,261,401 PALTAC Corp. 262,200 9,513,242 PanaHome Corp. 160,000 1,737,635 Parco Co., Ltd. 339,500 4,184,378 Parker Corp. 3,000 15,652 Pegasus Sewing Machine Manufacturing Co., Ltd. 87,700 590,769 Piolax, Inc. 584,600 16,149,550 #* Pioneer Corp. 3,566,800 7,043,095 Pocket Card Co., Ltd. 229,300 1,506,239 # Press Kogyo Co., Ltd. 2,782,700 13,088,505 PS Mitsubishi Construction Co., Ltd. 369,400 1,694,479 Punch Industry Co., Ltd. 59,600 715,533 Rasa Corp. 6,000 49,503 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Rasa Industries, Ltd. 23,000 $ 32,473 Regal Corp. 5,000 13,286 Rengo Co., Ltd. 4,342,800 24,652,849 Rheon Automatic Machinery Co., Ltd. 220,600 2,386,360 Rhythm Watch Co., Ltd. 2,492,000 5,314,229 Ricoh Leasing Co., Ltd. 404,200 14,122,925 # Right On Co., Ltd. 433,900 3,936,418 Riken Corp. 126,300 5,911,198 Riken Keiki Co., Ltd. 117,800 2,227,032 # Riken Technos Corp. 1,063,300 5,937,338 Riso Kagaku Corp. 330,264 6,905,993 Round One Corp. 445,400 4,756,873 Ryobi, Ltd. 3,661,000 17,313,335 Ryoden Corp. 765,000 5,566,138 Ryosan Co., Ltd. 303,300 11,862,466 Ryoyo Electro Corp. 364,700 5,876,317 Sakai Chemical Industry Co., Ltd. 2,599,000 10,532,440 Sakai Heavy Industries, Ltd. 734,000 2,268,799 Sakai Ovex Co., Ltd. 119,900 1,971,960 Sala Corp. 86,700 722,362 # SAMTY Co., Ltd. 323,000 4,739,722 San Holdings, Inc. 78,500 1,630,786 San-Ai Oil Co., Ltd. 1,312,200 13,332,159 San-In Godo Bank, Ltd. (The) 4,148,400 33,694,510 #* Sanden Holdings Corp. 3,534,000 10,079,930 Sanken Electric Co., Ltd. 1,114,000 5,647,397 Sanki Engineering Co., Ltd. 1,325,600 14,987,099 Sanko Metal Industrial Co., Ltd. 19,500 587,505 Sankyo Seiko Co., Ltd. 519,900 1,843,433 # Sankyo Tateyama, Inc. 493,000 6,964,814 Sanoh Industrial Co., Ltd. 477,100 3,439,712 # Sanoyas Holdings Corp. 228,700 532,814 Sansei Technologies, Inc. 56,000 476,458 # Sansha Electric Manufacturing Co., Ltd. 157,900 811,868 Sanshin Electronics Co., Ltd. 369,400 4,645,846 Sanyei Corp. 400 13,874 Sanyo Chemical Industries, Ltd. 150,800 7,161,392 Sanyo Denki Co., Ltd. 320,000 3,564,473 Sanyo Engineering & Construction, Inc. 126,100 974,477 Sanyo Housing Nagoya Co., Ltd. 16,900 172,689 Sanyo Industries, Ltd. 619,000 1,262,227 # Sanyo Shokai, Ltd. 180,163 2,713,127 Sanyo Special Steel Co., Ltd. 2,864,000 17,377,295 Sata Construction Co., Ltd. 25,100 103,719 Sato Shoji Corp. 177,800 1,602,559 Satori Electric Co., Ltd. 68,160 562,175 # Sawada Holdings Co., Ltd. 35,500 322,333 # Saxa Holdings, Inc. 1,688,000 3,442,116 SBS Holdings, Inc. 191,800 1,463,750 # Scroll Corp. 678,700 2,370,939 # Seibu Electric Industry Co., Ltd. 47,000 1,019,292 Seika Corp. 716,000 3,095,285 Seikitokyu Kogyo Co., Ltd. 296,100 1,605,557 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Seiko Holdings Corp. 3,662,000 $16,346,992 Seikoh Giken Co., Ltd. 3,900 66,892 Seino Holdings Co., Ltd. 301,419 4,058,565 Sekisui Jushi Corp. 490,100 8,912,545 Sekisui Plastics Co., Ltd. 749,300 6,405,039 Senko Group Holdings Co., Ltd. 41,980 285,782 # Senshu Electric Co., Ltd. 77,000 1,549,766 Senshu Ikeda Holdings, Inc. 4,461,000 18,479,000 # Senshukai Co., Ltd. 281,800 1,736,651 # Shibaura Mechatronics Corp. 739,000 2,279,450 Shibusawa Warehouse Co., Ltd. (The) 444,000 1,461,875 # Shiga Bank, Ltd. (The) 2,986,000 15,824,741 Shikibo, Ltd. 3,276,000 4,456,788 Shikoku Bank, Ltd. (The) 3,047,000 8,170,433 Shima Seiki Manufacturing, Ltd. 132,900 6,463,381 Shimachu Co., Ltd. 1,191,000 29,803,304 Shimane Bank, Ltd. (The) 17,400 208,649 Shimizu Bank, Ltd. (The) 199,200 6,323,460 Shimojima Co., Ltd. 3,400 34,252 Shin Nippon Air Technologies Co., Ltd. 319,320 4,603,057 Shin-Etsu Polymer Co., Ltd. 579,000 5,610,191 Shinagawa Refractories Co., Ltd. 1,426,000 3,890,494 Shindengen Electric Manufacturing Co., Ltd. 835,000 4,330,399 Shinko Electric Industries Co., Ltd. 2,073,600 15,087,446 Shinko Plantech Co., Ltd. 100,800 861,313 Shinko Shoji Co., Ltd. 477,300 6,237,267 Shinko Wire Co., Ltd. 517,000 1,157,904 Shinmaywa Industries, Ltd. 2,421,000 21,168,152 Shinnihon Corp. 486,500 3,962,689 # Shinsho Corp. 91,499 2,421,516 Shizuoka Gas Co., Ltd. 759,500 5,744,634 Shobunsha Publications, Inc. 5,800 39,449 Shoei Foods Corp. 129,700 5,550,531 * Showa Corp. 1,061,600 10,255,186 Showa Denko K.K. 590,700 15,375,562 Sinanen Holdings Co., Ltd. 200,500 4,068,078 Sintokogio, Ltd. 802,762 8,453,685 SK-Electronics Co., Ltd. 90,200 1,112,944 SKY Perfect JSAT Holdings, Inc. 2,604,600 11,692,115 SMK Corp. 409,000 1,727,164 SNT Corp. 596,300 3,913,365 Soda Nikka Co., Ltd. 272,100 1,349,415 Sodick Co., Ltd. 304,000 3,702,392 Soft99 Corp. 38,900 314,678 SPK Corp. 19,918 527,845 Starzen Co., Ltd. 12,000 537,615 Stella Chemifa Corp. 17,100 480,677 Subaru Enterprise Co., Ltd. 24,600 1,392,377 Sugimoto & Co., Ltd. 82,000 1,208,962 # Suminoe Textile Co., Ltd. 1,757,000 4,936,797 Sumitomo Bakelite Co., Ltd. 2,543,000 18,474,005 Sumitomo Densetsu Co., Ltd. 225,800 3,596,262 Sumitomo Precision Products Co., Ltd. 862,000 2,802,655 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) # Sumitomo Riko Co., Ltd. 835,700 $ 8,741,408 Sumitomo Seika Chemicals Co., Ltd. 9,400 472,607 Sumitomo Warehouse Co., Ltd. (The) 2,557,000 16,384,666 Sun-Wa Technos Corp. 198,400 3,376,062 Suncall Corp. 36,000 209,802 * SWCC Showa Holdings Co., Ltd. 7,294,000 6,015,052 T RAD Co., Ltd. 1,711,000 5,406,414 T&K Toka Co., Ltd. 129,900 1,424,954 Tabuchi Electric Co., Ltd. 141,000 432,677 Tachi-S Co., Ltd. 497,900 9,083,363 Tachibana Eletech Co., Ltd. 359,020 5,192,263 # Tachikawa Corp. 210,600 2,453,044 Taihei Dengyo Kaisha, Ltd. 664,000 9,596,313 # Taiheiyo Kouhatsu, Inc. 2,044,000 1,963,998 Taiho Kogyo Co., Ltd. 512,900 7,230,459 Taiko Bank, Ltd. (The) 111,000 236,301 Taiyo Yuden Co., Ltd. 461,600 7,751,199 Takachiho Koheki Co., Ltd. 3,400 32,602 Takano Co., Ltd. 242,100 2,575,509 Takaoka Toko Co., Ltd. 108,944 1,823,794 Takara Standard Co., Ltd. 460,953 7,739,672 Takasago International Corp. 96,700 3,798,287 Takasago Thermal Engineering Co., Ltd. 92,400 1,542,207 Takashima & Co., Ltd. 80,000 155,914 Take And Give Needs Co., Ltd. 305,390 2,150,198 TAKEBISHI Corp. 14,200 189,204 Takeei Corp. 216,700 2,194,858 # Takigami Steel Construction Co., Ltd. (The) 115,000 510,771 # Takisawa Machine Tool Co., Ltd. 426,000 679,450 Tamron Co., Ltd. 50,400 945,392 Tamura Corp. 1,473,948 8,053,655 Tatsuta Electric Wire and Cable Co., Ltd. 425,600 2,728,514 Tayca Corp. 829,000 7,332,216 TBK Co., Ltd. 647,800 2,917,249 # TECHNO ASSOCIE Co., Ltd. 166,200 1,892,560 # Techno Ryowa, Ltd. 225,570 1,737,574 Teikoku Tsushin Kogyo Co., Ltd. 673,000 1,402,669 Tenma Corp. 448,300 9,046,806 Teraoka Seisakusho Co., Ltd. 56,300 224,859 Terasaki Electric Co., Ltd. 4,100 51,975 # Tigers Polymer Corp. 309,100 2,080,797 #* Toa Corp.(6894508) 564,300 9,213,562 Toa Corp.(6894434) 150,700 1,571,640 Toa Oil Co., Ltd. 1,342,000 1,752,440 TOA ROAD Corp. 1,298,000 5,363,640 Toabo Corp. 110,800 565,294 Toagosei Co., Ltd. 1,071,900 12,929,306 Tobu Store Co., Ltd. 1,400 40,299 Tochigi Bank, Ltd. (The) 2,849,000 11,592,883 Toda Corp. 1,197,000 8,229,021 Toda Kogyo Corp. 880,000 3,338,825 Toei Co., Ltd. 310,000 3,160,644 Toenec Corp. 1,127,000 6,843,426 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) Togami Electric Manufacturing Co., Ltd. 26,000 $ 114,070 # Toho Acetylene Co., Ltd. 8,700 139,159 Toho Bank, Ltd. (The) 5,209,000 18,174,921 # Toho Holdings Co., Ltd. 315,500 6,237,019 Toho Zinc Co., Ltd. 1,290,000 5,554,610 # Tohoku Bank, Ltd. (The) 1,634,000 2,250,927 Tohokushinsha Film Corp. 53,700 375,488 Tohto Suisan Co., Ltd. 78,000 1,330,624 Tokai Carbon Co., Ltd. 4,397,300 28,377,591 # Tokai Lease Co., Ltd. 610,000 1,183,859 Tokai Rika Co., Ltd. 775,900 14,247,385 Tokushu Tokai Paper Co., Ltd. 185,922 6,994,046 Tokyo Dome Corp. 120,100 1,155,928 # Tokyo Electron Device, Ltd. 156,400 2,535,227 Tokyo Energy & Systems, Inc. 725,300 7,098,104 # Tokyo Keiki, Inc. 1,122,000 2,949,428 Tokyo Radiator Manufacturing Co., Ltd. 28,700 265,917 Tokyo Sangyo Co., Ltd. 543,100 2,259,022 Tokyo Tekko Co., Ltd. 1,224,000 5,037,909 Tokyo TY Financial Group, Inc. 447,757 11,916,437 # Tokyu Recreation Co., Ltd. 218,328 1,661,161 Toli Corp. 1,147,200 3,732,637 # Tomato Bank, Ltd. 141,600 1,973,786 Tomoe Corp. 875,900 2,900,606 Tomoe Engineering Co., Ltd. 84,700 1,392,431 # Tomoku Co., Ltd. 1,486,000 5,254,603 TOMONY Holdings, Inc. 3,589,800 17,554,619 Tonami Holdings Co., Ltd. 1,601,000 6,294,750 Toppan Forms Co., Ltd. 857,800 8,918,979 Topre Corp. 83,100 2,190,592 Topy Industries, Ltd. 544,100 16,710,748 Torii Pharmaceutical Co., Ltd. 139,600 3,898,444 Tosei Corp. 594,900 4,649,623 Toshiba Machine Co., Ltd. 802,000 3,808,393 # Tosho Printing Co., Ltd. 278,000 1,371,843 # Tottori Bank, Ltd. (The) 125,299 1,933,699 Towa Bank, Ltd. (The) 6,474,000 7,210,482 Towa Corp. 76,908 1,198,197 Toyo Construction Co., Ltd. 1,354,400 5,797,828 Toyo Corp. 25,900 249,835 Toyo Denki Seizo K.K. 81,500 1,422,203 Toyo Engineering Corp. 380,000 999,443 Toyo Ink SC Holdings Co., Ltd. 3,321,000 17,207,679 Toyo Kanetsu K.K. 1,483,000 4,854,227 Toyo Kohan Co., Ltd. 2,035,200 8,946,170 Toyo Machinery & Metal Co., Ltd. 203,000 1,466,464 Toyo Securities Co., Ltd. 1,172,000 2,661,965 Toyo Tanso Co., Ltd. 244,000 4,083,820 Toyo Wharf & Warehouse Co., Ltd. 1,124,000 1,916,726 Trusco Nakayama Corp. 1,578 40,473 TS Tech Co., Ltd. 155,200 4,599,753 TSI Holdings Co., Ltd. 1,775,520 12,821,638 Tsubakimoto Kogyo Co., Ltd. 71,000 326,095 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) #* Tsudakoma Corp. 877,000 $ 1,502,769 Tsukada Global Holdings, Inc. 106,700 580,651 Tsukishima Kikai Co., Ltd. 341,600 3,872,770 Tsukuba Bank, Ltd. 1,776,967 5,327,596 Tsurumi Manufacturing Co., Ltd. 264,600 4,431,569 Tsutsumi Jewelry Co., Ltd. 187,400 3,390,927 TTK Co., Ltd. 132,000 628,909 TV Asahi Holdings Corp. 361,800 6,578,751 Tv Tokyo Holdings Corp. 246,700 5,132,454 TYK Corp. 534,800 1,041,891 #* U-Shin, Ltd. 636,700 4,276,160 UACJ Corp. 5,244,000 15,477,975 Ube Industries, Ltd. 6,778,200 18,361,270 Uchida Yoko Co., Ltd. 284,200 7,076,000 Ueki Corp. 187,000 466,174 UKC Holdings Corp. 333,500 5,009,651 Uniden Holdings Corp. 183,000 435,721 Unipres Corp. 706,800 16,438,281 United Super Markets Holdings, Inc. 297,800 3,021,944 Universal Entertainment Corp. 66,200 1,899,250 # Unizo Holdings Co., Ltd. 205,800 4,775,051 Ushio, Inc. 502,800 7,056,479 Utoc Corp. 74,300 300,577 Vital KSK Holdings, Inc. 337,215 2,700,977 Wacoal Holdings Corp. 1,643,000 23,080,602 Wakachiku Construction Co., Ltd. 917,000 1,446,862 Wakita & Co., Ltd. 848,000 9,563,742 Warabeya Nichiyo Holdings Co., Ltd. 156,100 4,214,831 Wood One Co., Ltd. 448,000 1,170,666 Xebio Holdings Co., Ltd. 622,000 11,714,907 # YAC Holdings Co., Ltd. 217,400 2,696,460 Yachiyo Industry Co., Ltd. 76,200 882,233 Yahagi Construction Co., Ltd. 27,400 227,051 # Yaizu Suisankagaku Industry Co., Ltd. 58,200 637,953 YAMABIKO Corp. 191,996 2,321,447 Yamada Denki Co., Ltd. 234,184 1,250,741 # Yamagata Bank, Ltd. (The) 2,607,000 11,834,589 Yamanashi Chuo Bank, Ltd. (The) 3,139,000 12,821,729 # Yamatane Corp. 239,099 3,539,293 Yamato Corp. 346,000 2,152,041 Yamato Kogyo Co., Ltd. 63,400 1,777,124 Yamaya Corp. 38,300 554,911 Yamazawa Co., Ltd. 4,900 79,076 Yashima Denki Co., Ltd. 53,600 446,118 Yasuda Logistics Corp. 190,200 1,335,437 Yellow Hat, Ltd. 265,500 6,856,535 Yodogawa Steel Works, Ltd. 508,700 13,987,667 Yokogawa Bridge Holdings Corp. 841,600 12,804,763 # Yokohama Reito Co., Ltd. 1,286,900 12,797,750 Yokowo Co., Ltd. 133,800 1,768,829 Yondenko Corp. 408,250 2,246,110 Yorozu Corp. 515,500 8,701,205 Yotai Refractories Co., Ltd. 9,000 30,774 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- JAPAN -- (Continued) # Yuasa Funashoku Co., Ltd. 620,000 $ 1,901,308 Yuken Kogyo Co., Ltd. 361,000 765,874 Yurtec Corp. 1,275,000 8,655,394 Yusen Logistics Co., Ltd. 417,300 3,780,588 Yushiro Chemical Industry Co., Ltd. 132,700 1,806,702 Yutaka Giken Co., Ltd. 3,300 75,539 Zenitaka Corp. (The) 309,000 1,331,599 -------------- TOTAL JAPAN 4,107,277,939 -------------- NETHERLANDS -- (2.1%) APERAM SA 1,324,796 64,389,307 # Arcadis NV 545,438 11,154,340 ASM International NV 795,234 47,855,387 # BinckBank NV 1,452,831 7,991,541 Boskalis Westminster 1,780,189 63,671,419 * Fugro NV 484,669 7,784,817 Gemalto NV 38,117 1,942,993 #* Heijmans NV 289,103 2,444,942 KAS Bank NV 367,420 4,238,967 # Koninklijke BAM Groep NV 7,301,213 43,415,898 * Lucas Bols NV 15,084 353,444 # Ordina NV 2,555,359 4,774,942 # SBM Offshore NV 5,039,420 87,147,764 * Telegraaf Media Groep NV 90,937 647,937 Van Lanschot Kempen NV 49,732 1,474,943 -------------- TOTAL NETHERLANDS 349,288,641 -------------- NEW ZEALAND -- (0.5%) Air New Zealand, Ltd. 9,980,204 25,125,866 Arvida Group, Ltd. 387,190 375,171 Chorus, Ltd. 5,094,938 17,073,088 Colonial Motor Co., Ltd. (The) 237,146 1,359,830 EBOS Group, Ltd. 235,181 3,194,855 Evolve Education Group, Ltd. 26,394 19,800 Heartland Bank, Ltd. 2,712,248 3,707,324 Kathmandu Holdings, Ltd. 535,054 912,541 Metlifecare, Ltd. 265,645 1,115,351 # Metro Performance Glass, Ltd. 20,956 24,242 Millennium & Copthorne Hotels New Zealand, Ltd. 838,561 1,737,953 * New Zealand Oil & Gas, Ltd. 796,809 358,827 New Zealand Refining Co., Ltd. (The) 1,374,869 2,549,256 # NZME, Ltd. 1,186,151 826,387 PGG Wrightson, Ltd. 2,284,189 995,299 * Rubicon, Ltd. 2,540,000 428,290 Sanford, Ltd. 1,020,617 5,562,077 Scales Corp., Ltd. 1,756 4,498 # Skellerup Holdings, Ltd. 436,601 551,067 SKY Network Television, Ltd. 1,631,686 4,055,521 # Steel & Tube Holdings, Ltd. 530,791 880,782 Summerset Group Holdings, Ltd. 119,868 436,647 * Synlait Milk, Ltd. 10,433 34,780 Tegel Group Holdings, Ltd. 48,142 45,231 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ NEW ZEALAND -- (Continued) Tourism Holdings, Ltd. 772,499 $ 2,484,649 #* Tower, Ltd. 2,369,528 1,672,718 Warehouse Group, Ltd. (The) 130,879 212,324 ------------ TOTAL NEW ZEALAND 75,744,374 ------------ NORWAY -- (0.8%) * Akastor ASA 368,346 754,570 * Aker Solutions ASA 363,662 1,818,824 American Shipping Co. ASA 364,914 1,148,741 Austevoll Seafood ASA 1,099,301 9,764,879 #* Avance Gas Holding, Ltd. 591,730 1,809,021 Bonheur ASA 511,275 5,275,200 # BW LPG, Ltd. 2,082,139 9,388,554 #* BW Offshore, Ltd. 2,943,667 9,072,398 #* DOF ASA 7,948,407 941,412 #* Fred Olsen Energy ASA 1,001,481 1,464,040 # Frontline, Ltd. 744,921 4,319,012 * Kongsberg Automotive ASA 10,914,813 11,564,478 * Kvaerner ASA 4,451,454 6,497,287 #* Norske Skogindustrier ASA 3,019,014 164,685 # Ocean Yield ASA 396,628 3,388,268 * Odfjell Drilling, Ltd. 637,580 1,727,105 Odfjell SE Class A 243,825 918,653 Opera Software ASA 250,856 1,037,794 #* Petroleum Geo-Services ASA 8,435,583 18,501,029 #* Prosafe SE 132,739 513,393 #* REC Silicon ASA 16,844,066 2,067,515 #* Seadrill, Ltd. 1,214,992 453,515 * Sevan Marine ASA 278,325 462,178 Skandiabanken ASA 35,978 404,959 #* Songa Offshore 546,651 2,450,839 SpareBank 1 SMN 237,466 2,398,027 SpareBank 1 SR-Bank ASA 770,884 7,694,141 Stolt-Nielsen, Ltd. 526,548 8,047,253 TGS NOPEC Geophysical Co. ASA 180,687 3,818,393 * Wallenius Wilhelmsen Logistics 98,023 612,767 Wilh Wilhelmsen Holding ASA Class A 265,435 8,344,808 ------------ TOTAL NORWAY 126,823,738 ------------ PORTUGAL -- (0.4%) #* Banco Comercial Portugues SA Class R 92,019,340 26,229,211 Corticeira Amorim SGPS SA 1,779,318 24,821,983 Mota-Engil SGPS SA 387,365 1,089,661 Navigator Co. SA (The) 206,929 891,903 Sonae Capital SGPS SA 1,040,410 993,454 Sonae SGPS SA 4,605,893 5,292,919 ------------ TOTAL PORTUGAL 59,319,131 ------------ SINGAPORE -- (1.1%) # Accordia Golf Trust 4,194,000 2,180,991 * ASL Marine Holdings, Ltd. 400,250 38,239 * Banyan Tree Holdings, Ltd. 847,400 343,792 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- SINGAPORE -- (Continued) Bonvests Holdings, Ltd. 1,303,080 $ 1,254,101 Broadway Industrial Group, Ltd. 565,300 57,130 Bukit Sembawang Estates, Ltd. 29,900 150,180 Chip Eng Seng Corp., Ltd. 10,289,298 5,500,536 Chuan Hup Holdings, Ltd. 7,277,100 1,449,459 #* COSCO Shipping International Singapore Co., Ltd. 5,724,400 1,286,884 * Creative Technology, Ltd. 393,650 329,533 * DMX Technologies Group, Ltd. 3,585,000 51,758 #* Ezion Holdings, Ltd. 36,070,350 6,387,871 #* Ezra Holdings, Ltd. 25,616,009 156,892 Far East Orchard, Ltd. 5,185,742 5,920,398 * First Ship Lease Trust 651,800 37,062 First Sponsor Group, Ltd. 879,687 886,238 Frasers Centrepoint, Ltd. 560,500 796,209 Frencken Group, Ltd. 423,400 155,879 Fu Yu Corp., Ltd. 3,098,500 456,988 GK Goh Holdings, Ltd. 2,306,774 1,734,710 Golden Agri-Resources, Ltd. 11,796,100 3,434,801 GP Batteries International, Ltd. 311,400 182,538 GP Industries, Ltd. 2,112,708 943,208 # GuocoLand, Ltd. 1,081,500 1,519,701 * Halcyon Agri Corp., Ltd. 84,277 34,242 # Hanwell Holdings, Ltd. 6,432,943 1,565,629 Haw Par Corp., Ltd. 62,100 481,408 Hi-P International, Ltd. 566,700 426,369 Hiap Hoe, Ltd. 43,100 23,555 Ho Bee Land, Ltd. 6,700,300 11,955,508 Hong Fok Corp., Ltd. 8,053,060 4,660,334 Hong Leong Asia, Ltd. 1,771,000 1,416,484 Hong Leong Finance, Ltd. 81,200 157,433 # Hotel Grand Central, Ltd. 2,957,763 2,947,022 Hour Glass, Ltd. (The) 1,018,060 505,833 # Hutchison Port Holdings Trust 3,279,100 1,556,599 # Hyflux, Ltd. 6,619,300 2,342,841 # Indofood Agri Resources, Ltd. 9,863,000 3,602,835 InnoTek, Ltd. 2,651,100 761,560 * IPC Corp., Ltd. 350,190 110,895 Isetan Singapore, Ltd. 166,500 511,993 Japfa, Ltd. 256,400 109,641 k1 Ventures, Ltd. 2,556,800 1,368,433 Koh Brothers Group, Ltd. 1,323,000 282,612 #* KrisEnergy, Ltd. 7,140,600 763,517 KSH Holdings, Ltd. 76,375 45,938 Lian Beng Group, Ltd. 5,086,800 2,271,063 Low Keng Huat Singapore, Ltd. 252,600 118,796 Lum Chang Holdings, Ltd. 1,565,200 404,181 * Mermaid Maritime PCL 249,200 31,245 Metro Holdings, Ltd. 10,297,760 8,846,043 Mewah International, Inc. 95,000 20,313 #* Midas Holdings, Ltd. 30,471,000 4,602,815 * Nam Cheong, Ltd. 6,429,100 94,884 #* Noble Group, Ltd. 12,054,999 3,328,324 NSL, Ltd. 532,900 561,900 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SINGAPORE -- (Continued) OUE, Ltd. 3,430,800 $ 5,062,191 * Pacc Offshore Services Holdings, Ltd. 181,500 38,101 * Pacific Radiance, Ltd. 112,100 8,600 QAF, Ltd. 3,593,279 3,459,759 * Raffles Education Corp., Ltd. 13,997,500 1,999,799 RHT Health Trust 184,200 120,930 Rotary Engineering, Ltd. 105,300 27,944 San Teh, Ltd. 148,600 18,781 SembCorp Industries, Ltd. 1,654,800 3,941,009 SembCorp Marine, Ltd. 164,200 204,053 SHS Holdings, Ltd. 449,700 73,079 SIIC Environment Holdings, Ltd. 712,200 254,896 Sinarmas Land, Ltd. 80,300 25,158 Sing Holdings, Ltd. 294,900 80,438 Sing Investments & Finance, Ltd. 144,600 161,567 Singapore Reinsurance Corp., Ltd. 2,999,110 708,858 Singapura Finance, Ltd. 210,000 159,524 #* Sino Grandness Food Industry Group, Ltd. 12,164,654 1,972,072 # Stamford Land Corp., Ltd. 3,472,400 1,333,326 Sunningdale Tech, Ltd. 2,497,280 3,720,027 * SunVic Chemical Holdings, Ltd. 4,677,400 306,424 #* Swiber Holdings, Ltd. 11,008,950 165,725 * Tat Hong Holdings, Ltd. 5,293,980 1,443,956 Tiong Woon Corp. Holding, Ltd. 3,152,650 569,378 # Tuan Sing Holdings, Ltd. 18,288,750 4,511,801 UMS Holdings, Ltd. 2,196,750 1,717,198 United Engineers, Ltd. 9,133,632 17,644,096 # United Industrial Corp., Ltd. 4,098,721 9,706,285 UOB-Kay Hian Holdings, Ltd. 19,100 19,447 UOL Group, Ltd. 1,581,100 9,199,521 Vibrant Group, Ltd. 730,273 207,710 Wee Hur Holdings, Ltd. 94,000 16,658 # Wheelock Properties Singapore, Ltd. 3,146,500 4,340,387 # Wing Tai Holdings, Ltd. 11,187,054 16,835,074 Yeo Hiap Seng, Ltd. 548,057 523,672 ------------ TOTAL SINGAPORE 181,742,787 ------------ SPAIN -- (2.2%) Acciona SA 807,283 69,006,113 Acerinox SA 3,037,459 38,995,109 # Adveo Group International SA 70,169 261,030 Alantra Partners SA 44,270 662,472 # Almirall SA 379,041 3,666,129 Applus Services SA 282,523 3,638,836 Azkoyen SA 9,866 90,011 * Baron de Ley 21,307 2,709,167 Construcciones y Auxiliar de Ferrocarriles SA 221,645 9,855,418 Ebro Foods SA 1,519,161 36,363,893 * eDreams ODIGEO SA 793,023 2,760,435 Elecnor SA 51,093 704,104 Ence Energia y Celulosa SA 4,013,327 17,103,521 Ercros SA 2,261,650 8,217,165 Euskaltel SA 285,383 2,917,939 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SPAIN -- (Continued) # Fluidra SA 358,593 $ 3,150,628 Grupo Catalana Occidente SA 439,151 19,536,123 Iberpapel Gestion SA 108,318 3,598,155 * Indra Sistemas SA 8,247 127,602 #* Liberbank SA 3,582,012 4,125,914 Melia Hotels International SA 775,788 12,024,800 Miquel y Costas & Miquel SA 63,892 2,364,785 # NH Hotel Group SA 5,748,501 38,298,066 # Obrascon Huarte Lain SA 4,444,153 18,661,847 Papeles y Cartones de Europa SA 1,127,970 9,895,961 #* Pescanova SA 299,748 489,327 #* Quabit Inmobiliaria SA(BYYTT70) 1,350,032 2,785,937 Quabit Inmobiliaria SA(BYVXB02) 67,502 139,840 #* Sacyr SA 10,587,526 28,251,739 Saeta Yield SA 229,121 2,629,060 Siemens Gamesa Renewable Energy SA 499,340 8,169,787 #* Solaria Energia y Medio Ambiente SA 220,141 355,599 * Tubacex SA 1,526,869 5,976,144 #* Tubos Reunidos SA 226,405 287,733 * Vocento SA 549,751 1,023,619 ------------ TOTAL SPAIN 358,844,008 ------------ SWEDEN -- (2.6%) Acando AB 1,823,140 6,142,249 AddNode Group AB 37,990 338,714 AF AB Class B 556,825 12,196,890 Alimak Group AB 345 5,981 Attendo AB 56,269 707,903 * BE Group AB 4,627 33,511 Beijer Ref AB 167,149 5,021,365 Bergman & Beving AB 451,283 5,590,978 Betsson AB 260,071 2,501,103 Bilia AB Class A 1,000,734 9,668,327 BillerudKorsnas AB 2,104,864 33,282,886 Biotage AB 673,277 4,853,743 # Bjorn Borg AB 83,296 345,655 # Bonava AB 6,086 105,778 Bonava AB Class B 479,629 8,392,711 Bufab AB 74,757 838,092 Bulten AB 337,039 5,135,193 Bure Equity AB 1,262,208 15,507,753 # Byggmax Group AB 290,962 2,351,744 Capio AB 27,425 155,818 # Cavotec SA 18,595 71,183 Cloetta AB Class B 4,834,144 17,300,344 Com Hem Holding AB 278,824 4,072,066 Concentric AB 130,565 2,048,625 Concordia Maritime AB Class B 421,175 688,475 Coor Service Management Holding AB 52,685 378,148 Dometic Group AB 437,308 3,696,575 Doro AB 311,218 1,946,110 Duni AB 341,725 4,952,744 Eastnine AB 44,177 377,405 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SWEDEN -- (Continued) # Elanders AB Class B 89,161 $ 1,062,571 #* Eltel AB 203,094 645,990 # Granges AB 601,795 6,652,121 Gunnebo AB 737,249 3,925,121 * Haldex AB 1,162,884 15,522,019 # Hoist Finance AB 284,172 3,149,072 Holmen AB Class B 890,251 40,208,675 Inwido AB 720,538 9,058,291 KappAhl AB 1,415,666 8,053,809 KNOW IT AB 308,756 4,976,910 Lagercrantz Group AB Class B 314,680 3,563,025 Lindab International AB 1,614,397 16,975,758 Loomis AB Class B 130,083 4,832,851 * Medivir AB Class B 221,252 1,834,744 # Mekonomen AB 97,766 2,058,861 # Modern Times Group MTG AB Class B 14,004 486,694 * Momentum Group AB Class B 445,648 4,595,134 # MQ Holding AB 658,536 2,576,384 # Mycronic AB 742,493 7,740,033 #* Net Insight AB Class B 3,089,302 2,028,563 New Wave Group AB Class B 1,231,116 8,576,568 Nolato AB Class B 73,111 3,210,641 Nordax Group AB 31,123 170,645 # Opus Group AB 4,530,146 3,953,643 Pandox AB 62,903 1,131,467 Peab AB 3,626,932 42,573,893 # Pricer AB Class B 967,624 1,168,758 # Ratos AB Class B 1,499,153 7,161,690 # Recipharm AB Class B 173,331 2,082,203 Rezidor Hotel Group AB 472,521 1,821,034 Rottneros AB 257,771 231,429 Saab AB Class B 483,350 22,427,193 #* SAS AB 4,431,442 10,592,391 Scandic Hotels Group AB 367,355 5,107,595 Semcon AB 141,509 937,043 SkiStar AB 53,922 1,198,987 * SSAB AB Class A 867,838 4,420,075 #* SSAB AB Class B 4,637,894 19,224,170 # Swedol AB Class B 147,599 528,583 # Systemair AB 32,928 558,905 Transcom Worldwide AB 150,420 1,630,181 VBG Group AB Class B 13,428 226,228 ------------ TOTAL SWEDEN 427,588,017 ------------ SWITZERLAND -- (4.4%) Allreal Holding AG 237,841 43,246,320 * Alpiq Holding AG 7,733 655,749 ALSO Holding AG 44,929 5,875,399 #* Arbonia AG 657,157 12,503,290 # Aryzta AG 825,900 26,540,222 Autoneum Holding AG 5,136 1,234,174 Baloise Holding AG 343,030 55,113,269 # Bank Cler AG 33,731 1,515,608 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SWITZERLAND -- (Continued) Banque Cantonale de Geneve 31,819 $ 5,249,520 Banque Cantonale du Jura SA 7,739 474,616 Banque Cantonale Vaudoise 15,579 11,271,370 # Basler Kantonalbank 6,998 517,056 Bell Food Group AG 11,686 5,377,664 Bellevue Group AG 100,857 2,017,654 # Berner Kantonalbank AG 15,844 3,000,922 Bobst Group SA 183,089 20,384,322 Bucher Industries AG 244 81,361 Calida Holding AG 14,489 582,687 Carlo Gavazzi Holding AG 7,780 2,839,807 Cham Paper Holding AG 10,508 4,302,121 #* Cicor Technologies, Ltd. 16,597 871,929 Cie Financiere Tradition SA 17,131 1,574,114 Coltene Holding AG 47,839 4,948,610 Conzzeta AG 19,303 20,200,444 Daetwyler Holding AG 93,695 15,313,636 #* Dottikon Es Holding AG 71 64,590 # EFG International AG 836,060 6,208,099 Emmi AG 30,812 21,708,386 Energiedienst Holding AG 5,362 146,400 Flughafen Zurich AG 95,201 24,279,943 Forbo Holding AG 2,014 3,057,940 GAM Holding AG 2,911,974 45,910,192 Georg Fischer AG 6,813 7,748,709 Gurit Holding AG 10,183 12,235,760 Helvetia Holding AG 136,023 76,026,718 HOCHDORF Holding AG 11,064 3,317,590 Huber & Suhner AG 113,609 8,096,585 Implenia AG 270,608 20,012,755 Jungfraubahn Holding AG 14,819 1,747,356 Kardex AG 3,995 440,320 Komax Holding AG 8,806 2,572,248 Kudelski SA 252,177 4,015,058 Liechtensteinische Landesbank AG 95,005 4,804,232 Luzerner Kantonalbank AG 10,365 4,660,734 MCH Group AG 16,013 1,271,680 Metall Zug AG Class B 683 2,857,901 # Mikron Holding AG 14,682 98,093 Mobimo Holding AG 83,337 23,790,080 # OC Oerlikon Corp. AG 937,270 13,713,163 * Orascom Development Holding AG 26,470 184,231 # Orell Fuessli Holding AG 356 47,276 Orior AG 60,269 4,493,182 # Phoenix Mecano AG 3,441 2,001,867 Plazza AG Class A 14,360 3,414,514 Rieter Holding AG 11,214 2,597,092 Romande Energie Holding SA 1,319 1,779,920 * Schmolz + Bickenbach AG 9,871,803 9,075,729 Schweiter Technologies AG 2,730 3,592,962 SFS Group AG 90,516 10,297,048 Siegfried Holding AG 50,007 14,542,525 # St Galler Kantonalbank AG 32,204 14,344,746 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SWITZERLAND -- (Continued) Sulzer AG 228,776 $ 25,666,143 # Swissquote Group Holding SA 77,224 2,224,049 Tamedia AG 10,522 1,621,463 Thurgauer Kantonalbank 9,920 1,033,034 Valiant Holding AG 155,590 18,340,468 Valora Holding AG 67,996 22,570,939 Vaudoise Assurances Holding SA 22,791 12,678,752 Vetropack Holding AG 1,370 2,892,855 Vontobel Holding AG 230,733 15,349,460 VP Bank AG 36,039 4,538,875 Walliser Kantonalbank 6,979 687,405 Zehnder Group AG 116,974 4,106,404 Zug Estates Holding AG Class B 567 1,085,507 Zuger Kantonalbank AG 97 536,159 ------------ TOTAL SWITZERLAND 714,179,001 ------------ UNITED KINGDOM -- (14.1%) Aberdeen Asset Management P.L.C. 134,757 585,776 Acacia Mining P.L.C. 2,959,557 6,808,258 Acal P.L.C. 1,106,765 4,582,314 Aggreko P.L.C. 979,112 10,945,638 * Aldermore Group P.L.C. 2,115,590 6,055,988 Alumasc Group P.L.C. (The) 555,998 1,236,079 Amec Foster Wheeler P.L.C. 2,087,973 12,247,874 Anglo Pacific Group P.L.C. 1,311,589 2,026,794 # Anglo-Eastern Plantations P.L.C. 242,757 2,706,756 BBA Aviation P.L.C. 5,718,462 22,616,096 Beazley P.L.C. 13,123,323 88,688,640 Bellway P.L.C. 3,469,288 146,087,057 Berendsen P.L.C. 278,689 4,687,962 Berkeley Group Holdings P.L.C. 172,736 7,966,308 BGEO Group P.L.C. 421,944 19,202,739 Bloomsbury Publishing P.L.C. 170,281 403,751 Bodycote P.L.C. 4,824,496 57,917,414 Bovis Homes Group P.L.C. 4,858,103 64,856,694 Braemar Shipping Services P.L.C. 29,890 116,402 * Cairn Energy P.L.C. 845,190 2,006,550 * Cambian Group P.L.C. 269,179 693,858 Cape P.L.C. 630,954 2,175,682 # Carillion P.L.C. 11,219,627 8,401,368 Carr's Group P.L.C. 536,914 1,009,871 Castings P.L.C. 435,355 2,657,825 Centamin P.L.C. 30,673,800 67,279,034 Chemring Group P.L.C. 2,748,039 6,492,616 Chesnara P.L.C. 820,076 4,128,923 Clarkson P.L.C. 47,167 1,664,805 Close Brothers Group P.L.C. 2,208,713 44,909,650 Communisis P.L.C. 2,655,472 1,667,907 Computacenter P.L.C. 1,447,609 16,893,516 # Countrywide P.L.C. 980,148 1,991,599 Cranswick P.L.C. 43,170 1,652,829 Crest Nicholson Holdings P.L.C. 2,370,392 16,830,556 * CYBG P.L.C. 633,664 2,232,086 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ UNITED KINGDOM -- (Continued) Daejan Holdings P.L.C. 45,145 $ 3,883,268 Dairy Crest Group P.L.C. 115,269 902,210 Debenhams P.L.C. 17,957,617 10,188,540 DFS Furniture P.L.C. 40,112 112,281 Dixons Carphone P.L.C. 5,329,005 18,927,194 Drax Group P.L.C. 8,247,498 34,654,073 DS Smith P.L.C. 1,825,996 11,631,842 * EI Group P.L.C. 13,270,289 24,922,465 Elementis P.L.C. 2,553,540 9,981,332 * EnQuest P.L.C. 4,240,035 1,882,198 Entertainment One, Ltd. 1,036,609 3,259,403 Equiniti Group P.L.C. 72,256 250,570 * Evraz P.L.C. 333,849 1,049,210 Fenner P.L.C. 1,663,325 7,557,871 Ferrexpo P.L.C. 1,423,288 4,470,811 * Firstgroup P.L.C. 23,718,654 36,170,760 * Flybe Group P.L.C. 408,445 201,960 Foxtons Group P.L.C. 94,970 112,508 Fuller Smith & Turner P.L.C. Class A 8,792 118,033 * Future P.L.C. 65,591 275,820 Galliford Try P.L.C. 1,596,634 28,550,464 * Gem Diamonds, Ltd. 2,178,111 2,364,922 Grafton Group P.L.C. 3,726,676 37,743,441 Greene King P.L.C. 7,826,949 70,706,299 Gulf Marine Services P.L.C. 535,518 437,177 GVC Holdings P.L.C. 2,842,025 28,823,895 Halfords Group P.L.C. 2,161,631 9,509,933 Harvey Nash Group P.L.C. 686,584 878,288 Harworth Group P.L.C. 32,614 40,442 Headlam Group P.L.C. 42,598 330,475 Helical P.L.C. 2,519,007 11,492,730 Henry Boot P.L.C. 1,237,669 4,933,647 Hikma Pharmaceuticals P.L.C. 23,048 429,031 Hiscox, Ltd. 7,879,452 134,994,957 Hochschild Mining P.L.C. 501,333 2,094,687 * Hunting P.L.C. 1,701,989 10,533,561 Huntsworth P.L.C. 2,236,646 2,175,757 Inchcape P.L.C. 4,717,874 50,011,301 Intermediate Capital Group P.L.C. 3,005,177 35,932,939 International Personal Finance P.L.C. 990,982 2,480,373 Interserve P.L.C. 1,614,179 4,803,420 IP Group P.L.C.(BZ3T570) 61,505 2,029 * IP Group P.L.C.(B128J45) 799,567 1,501,495 #* Jackpotjoy P.L.C. 132,581 1,180,094 * Jimmy Choo P.L.C. 336,962 1,016,750 John Laing Group P.L.C. 635,568 2,623,206 John Wood Group P.L.C. 8,698,740 70,203,682 Just Group P.L.C. 2,679,880 5,197,935 * KAZ Minerals P.L.C. 537,959 5,095,368 Keller Group P.L.C. 1,275,706 14,834,842 Kier Group P.L.C. 29,798 506,426 Ladbrokes Coral Group P.L.C. 5,457,603 9,107,253 Laird P.L.C. 6,589,655 13,002,491 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ UNITED KINGDOM -- (Continued) * Lamprell P.L.C. 2,656,182 $ 3,469,908 Lancashire Holdings, Ltd. 4,912,928 47,138,012 Lookers P.L.C. 1,837,738 2,662,012 Low & Bonar P.L.C. 3,462,339 3,929,005 LSL Property Services P.L.C. 8,523 28,568 Man Group P.L.C. 36,947,900 78,001,788 Marshalls P.L.C. 1,375,423 6,962,099 Marston's P.L.C. 16,699,409 25,567,180 McCarthy & Stone P.L.C. 791,267 1,770,445 McColl's Retail Group P.L.C. 38,815 119,520 Mears Group P.L.C. 155,039 1,011,018 Meggitt P.L.C. 9,261,425 61,470,497 Melrose Industries P.L.C. 34,081,686 104,495,093 Millennium & Copthorne Hotels P.L.C. 4,607,920 27,822,147 Mitchells & Butlers P.L.C. 6,166,293 19,657,394 Mitie Group P.L.C. 138,544 486,952 MJ Gleeson P.L.C. 611,485 5,566,013 Morgan Sindall Group P.L.C. 137,378 2,482,706 * Mothercare P.L.C. 73,981 99,285 N Brown Group P.L.C. 1,662,384 6,846,262 National Express Group P.L.C. 8,053,460 38,710,087 NCC Group P.L.C. 118,012 301,644 * New World Resources P.L.C. Class A 32,193 19 Northgate P.L.C. 3,329,317 18,989,881 * Nostrum Oil & Gas P.L.C. 72,815 388,734 Novae Group P.L.C. 883,971 8,232,459 OneSavings Bank P.L.C. 177,299 922,466 * Ophir Energy P.L.C. 61,546 59,246 # Paragon Group of Cos. P.L.C. (The) 4,419,902 25,238,946 Pendragon P.L.C. 12,407,340 4,904,642 * Petra Diamonds, Ltd. 332,820 419,527 * Petropavlovsk P.L.C. 14,316,934 1,383,713 # Pets at Home Group P.L.C. 1,269,967 2,726,520 Phoenix Group Holdings 6,303,711 63,484,430 Polypipe Group P.L.C. 5,955 31,575 * Premier Foods P.L.C. 17,711,443 9,174,257 #* Premier Oil P.L.C. 14,427,285 11,541,980 * Punch Taverns P.L.C. 253,930 593,810 Redrow P.L.C. 7,209,807 56,340,173 Renewi P.L.C. 8,977,893 10,890,339 RPC Group P.L.C. 203,318 2,403,994 RPS Group P.L.C. 2,612,688 9,398,541 Saga P.L.C. 3,292,750 9,068,209 SDL P.L.C. 252,856 2,145,731 Senior P.L.C. 1,381,866 4,533,329 Severfield P.L.C. 418,105 408,999 SIG P.L.C. 15,862,929 34,649,047 Soco International P.L.C. 2,178,546 3,483,245 Spectris P.L.C. 58,276 1,891,490 Speedy Hire P.L.C. 3,885,201 2,793,278 Spire Healthcare Group P.L.C. 1,598,521 7,271,250 Spirent Communications P.L.C. 2,481,010 3,874,116 * Sportech P.L.C. 318,785 416,446 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- --------------- UNITED KINGDOM -- (Continued) #* Sports Direct International P.L.C. 2,602,284 $ 13,019,660 St. Ives P.L.C. 2,045,357 1,483,939 St. Modwen Properties P.L.C. 4,682,627 22,138,430 # Stobart Group, Ltd. 475,303 1,726,632 Stock Spirits Group P.L.C. 1,368,919 2,944,583 Thomas Cook Group P.L.C. 5,616,658 8,137,425 TP ICAP P.L.C. 5,909,074 37,917,221 Travis Perkins P.L.C. 584,292 11,702,408 Treatt P.L.C. 32,894 217,325 Trifast P.L.C. 888,277 2,597,064 Trinity Mirror P.L.C. 6,914,896 9,537,031 TT Electronics P.L.C. 2,783,928 7,810,275 Tyman P.L.C. 177,198 825,678 U & I Group P.L.C. 2,257,843 5,603,047 * Vectura Group P.L.C. 2,489,231 3,744,258 Vedanta Resources P.L.C. 88,718 901,080 Vesuvius P.L.C. 7,166,274 51,363,129 Virgin Money Holdings UK P.L.C. 3,790,385 14,261,649 Vp P.L.C. 289,858 3,238,486 Weir Group P.L.C. (The) 51,604 1,249,051 William Hill P.L.C. 1,449,059 4,789,368 * Wizz Air Holdings P.L.C. 10,104 346,797 --------------- TOTAL UNITED KINGDOM 2,318,331,437 --------------- TOTAL COMMON STOCKS 15,527,363,588 --------------- PREFERRED STOCKS -- (0.1%) GERMANY -- (0.1%) * Biotest AG 89,530 2,434,528 Draegerwerk AG & Co. KGaA 119,851 12,894,643 STO SE & Co. KGaA 6,207 876,558 --------------- TOTAL GERMANY 16,205,729 --------------- TOTAL PREFERRED STOCKS 16,205,729 --------------- RIGHTS/WARRANTS -- (0.0%) AUSTRIA -- (0.0%) * Intercell AG Rights 05/16/13 41,929 -- --------------- CANADA -- (0.0%) * QLT, Inc. Warrants 11/23/17 944,662 -- * QLT, Inc. Warrants 11/23/17 Class A 944,662 -- --------------- TOTAL CANADA -- --------------- FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 1,477,844 -- --------------- HONG KONG -- (0.0%) * Cheuk Nang Holdings, Ltd. Rights 06/21/18 165,751 22,494 DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- --------------- HONG KONG -- (Continued) * International Standard Resources Holdings, Ltd. Warrants 05/10/18 1,201,175 $ 2,461 --------------- TOTAL HONG KONG 24,955 --------------- TOTAL RIGHTS/WARRANTS 24,955 --------------- TOTAL INVESTMENT SECURITIES 15,543,594,272 --------------- VALUE+ --------------- SECURITIES LENDING COLLATERAL -- (5.1%) (S)@ DFA Short Term Investment Fund 71,476,036 827,120,683 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $13,215,474,890)^^ $16,370,714,955 =============== DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- --------------- ------- --------------- Common Stocks Australia -- $ 998,981,072 -- $ 998,981,072 Austria -- 207,635,953 -- 207,635,953 Belgium -- 214,752,849 -- 214,752,849 Canada $1,326,149,002 1,370,015 -- 1,327,519,017 China -- 2,935,027 -- 2,935,027 Denmark -- 335,588,594 -- 335,588,594 Finland -- 356,194,185 -- 356,194,185 France 363,532 786,882,936 -- 787,246,468 Germany 6,367,831 1,185,085,025 -- 1,191,452,856 Greece -- 2,034 -- 2,034 Hong Kong 94,454 555,550,383 -- 555,644,837 Ireland -- 56,961,626 -- 56,961,626 Israel -- 114,112,507 -- 114,112,507 Italy -- 659,197,490 -- 659,197,490 Japan -- 4,107,277,939 -- 4,107,277,939 Netherlands 1,942,993 347,345,648 -- 349,288,641 New Zealand -- 75,744,374 -- 75,744,374 Norway -- 126,823,738 -- 126,823,738 Portugal -- 59,319,131 -- 59,319,131 Singapore 943,208 180,799,579 -- 181,742,787 Spain 489,327 358,354,681 -- 358,844,008 Sweden 4,595,134 422,992,883 -- 427,588,017 Switzerland -- 714,179,001 -- 714,179,001 United Kingdom -- 2,318,331,437 -- 2,318,331,437 Preferred Stocks Germany -- 16,205,729 -- 16,205,729 Rights/Warrants Hong Kong -- 24,955 -- 24,955 Securities Lending Collateral -- 827,120,683 -- 827,120,683 Futures Contracts** 1,503,729 -- -- 1,503,729 -------------- --------------- -- --------------- TOTAL $1,342,449,210 $15,029,769,474 -- $16,372,218,684 ============== =============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. INTERNATIONAL VECTOR EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ---------- COMMON STOCKS -- (93.0%) AUSTRALIA -- (5.9%) * Acrux, Ltd. 41,436 $ 9,946 # Adelaide Brighton, Ltd. 138,518 623,329 # Ainsworth Game Technology, Ltd. 78,327 151,465 * Alkane Resources, Ltd. 6,922 1,886 ALS, Ltd. 185,612 1,102,034 Altium, Ltd. 28,177 197,042 # Alumina, Ltd. 1,390,826 2,112,489 # AMA Group, Ltd. 36,202 29,532 # Amaysim Australia, Ltd. 14,035 17,960 Amcor, Ltd. 59,263 727,480 AMP, Ltd. 340,656 1,468,555 Ansell, Ltd. 42,883 753,462 AP Eagers, Ltd. 29,210 212,313 APN Outdoor Group, Ltd. 30,621 112,896 APN Property Group, Ltd. 29,920 9,830 # ARB Corp., Ltd. 23,383 286,647 # Ardent Leisure Group 231,424 386,819 Aristocrat Leisure, Ltd. 70,496 1,143,193 #* Arrium, Ltd. 1,567,926 23,519 Asaleo Care, Ltd. 108,717 115,743 ASX, Ltd. 5,138 214,900 * Atlas Iron, Ltd. 1,983,040 33,298 AUB Group, Ltd. 13,333 137,436 Aurizon Holdings, Ltd. 174,244 699,373 Ausdrill, Ltd. 241,151 375,338 AusNet Services 119,985 156,940 Austal, Ltd. 209,671 302,384 * Austin Engineering, Ltd. 124,964 21,979 # Australia & New Zealand Banking Group, Ltd. 214,260 5,079,921 #* Australian Agricultural Co., Ltd. 320,632 424,411 Australian Pharmaceutical Industries, Ltd. 214,013 300,491 Auswide Bank, Ltd. 3,475 14,322 # Automotive Holdings Group, Ltd. 179,544 550,106 Aveo Group 59,085 114,864 AVJennings, Ltd. 42,518 25,180 * AWE, Ltd. 433,912 166,923 Bank of Queensland, Ltd. 206,612 1,991,614 # Bapcor, Ltd. 18,294 82,648 Beach Energy, Ltd. 1,191,928 649,920 Beacon Lighting Group, Ltd. 9,241 10,054 * Beadell Resources, Ltd. 414,541 61,797 # Bega Cheese, Ltd. 29,811 163,850 Bellamy's Australia, Ltd. 17,274 97,482 Bendigo & Adelaide Bank, Ltd. 208,172 1,851,661 BHP Billiton, Ltd. 314,531 6,550,553 # BHP Billiton, Ltd. Sponsored ADR 69,264 2,885,538 * Billabong International, Ltd. 53,855 34,469 # Blackmores, Ltd. 3,596 254,741 BlueScope Steel, Ltd. 367,496 3,871,407 * Boart Longyear, Ltd. 161,114 6,828 Boral, Ltd. 523,278 2,899,836 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- AUSTRALIA -- (Continued) Brambles, Ltd. 80,792 $ 597,358 Breville Group, Ltd. 34,819 279,956 # Brickworks, Ltd. 43,573 460,086 BT Investment Management, Ltd. 27,770 238,979 #* Buru Energy, Ltd. 48,867 8,206 Cabcharge Australia, Ltd. 93,611 163,307 Caltex Australia, Ltd. 9,675 241,108 * Capitol Health, Ltd. 307,490 65,253 #* Cardno, Ltd. 201,915 203,012 * Carnarvon Petroleum, Ltd. 105,419 6,325 * Carnegie Clean Energy, Ltd. 802,182 33,366 carsales.com, Ltd. 72,025 711,727 Cash Converters International, Ltd. 319,509 84,341 Cedar Woods Properties, Ltd. 37,487 147,242 Challenger, Ltd. 151,347 1,555,379 CIMIC Group, Ltd. 18,581 616,369 Cleanaway Waste Management, Ltd. 1,194,291 1,246,371 * Coal of Africa, Ltd. 24,372 743 Coca-Cola Amatil, Ltd. 42,962 282,902 Cochlear, Ltd. 4,240 484,351 Codan, Ltd. 40,394 72,449 # Collection House, Ltd. 100,438 97,691 Collins Foods, Ltd. 33,068 158,406 # Commonwealth Bank of Australia 26,947 1,805,310 Computershare, Ltd. 32,124 361,443 #* Cooper Energy, Ltd. 446,159 123,146 # Corporate Travel Management, Ltd. 15,003 268,146 Costa Group Holdings, Ltd. 21,696 82,970 # Credit Corp. Group, Ltd. 11,500 155,833 Crown Resorts, Ltd. 20,851 212,346 CSG, Ltd. 139,764 77,015 CSR, Ltd. 342,204 1,073,742 Data#3, Ltd. 28,842 41,006 Decmil Group, Ltd. 71,423 46,830 # Domino's Pizza Enterprises, Ltd. 17,144 730,879 # Donaco International, Ltd. 26,426 11,230 * Doray Minerals, Ltd. 14,828 2,322 Downer EDI, Ltd. 402,322 2,047,849 DuluxGroup, Ltd. 133,583 704,360 DWS, Ltd. 15,637 19,429 # Eclipx Group, Ltd. 133,324 395,516 #* Elders, Ltd. 29,525 122,809 #* Energy Resources of Australia, Ltd. 158,948 69,343 * Energy World Corp., Ltd. 238,480 78,219 EQT Holdings, Ltd. 3,703 51,841 ERM Power, Ltd. 53,500 52,844 # Estia Health, Ltd. 72,610 168,661 Euroz, Ltd. 1,190 962 Event Hospitality and Entertainment, Ltd. 46,155 485,481 # Evolution Mining, Ltd. 487,189 870,520 Fairfax Media, Ltd. 1,609,841 1,274,931 #* FAR, Ltd. 947,843 56,888 Finbar Group, Ltd. 18,455 12,406 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) #* Fleetwood Corp., Ltd. 2,933 $ 6,211 # FlexiGroup, Ltd. 224,383 346,563 # Flight Centre Travel Group, Ltd. 16,018 557,148 Fortescue Metals Group, Ltd. 868,376 3,991,239 # G8 Education, Ltd. 204,668 620,218 # Gateway Lifestyle 69,296 107,286 # GBST Holdings, Ltd. 9,803 25,893 Genworth Mortgage Insurance Australia, Ltd. 170,799 411,278 #* Gold Road Resources, Ltd. 214,233 110,932 GrainCorp, Ltd. Class A 167,598 1,170,179 Grange Resources, Ltd. 208,883 24,244 Greencross, Ltd. 64,952 299,832 GUD Holdings, Ltd. 32,022 306,083 GWA Group, Ltd. 102,660 266,307 # Hansen Technologies, Ltd. 52,175 159,096 # Harvey Norman Holdings, Ltd. 166,837 583,353 Healthscope, Ltd. 581,401 967,752 HFA Holdings, Ltd. 97,295 199,001 * Hills, Ltd. 252,946 39,558 * Horizon Oil, Ltd. 329,531 13,452 HT&E, Ltd. 206,346 429,158 * Huon Aquaculture Group, Ltd. 8,447 34,348 IDP Education, Ltd. 18,820 78,731 Iluka Resources, Ltd. 57,688 416,465 * Imdex, Ltd. 172,347 100,634 # IMF Bentham, Ltd. 125,874 194,317 Incitec Pivot, Ltd. 634,664 1,620,418 # Independence Group NL 295,288 713,351 * Infigen Energy 199,850 123,175 Infomedia, Ltd. 135,504 80,248 Insurance Australia Group, Ltd. 76,321 407,050 Integrated Research, Ltd. 23,608 63,253 InvoCare, Ltd. 35,157 390,942 # IOOF Holdings, Ltd. 112,546 904,103 IRESS, Ltd. 39,655 409,418 iSelect, Ltd. 89,713 149,936 # iSentia Group, Ltd. 30,855 54,779 IVE Group, Ltd. 55,288 99,487 James Hardie Industries P.L.C. 29,101 445,589 James Hardie Industries P.L.C. Sponsored ADR 1,506 23,207 # Japara Healthcare, Ltd. 59,416 96,992 # JB Hi-Fi, Ltd. 43,489 904,707 #* Karoon Gas Australia, Ltd. 124,548 134,668 * Kingsgate Consolidated, Ltd. 78,969 14,558 LendLease Group 48,231 650,550 Link Administration Holdings, Ltd. 127,874 788,322 #* Lynas Corp., Ltd. 752,468 81,315 MACA, Ltd. 126,482 169,972 * Macmahon Holdings, Ltd. 971,526 132,396 Macquarie Atlas Roads Group 71,093 316,230 Macquarie Group, Ltd. 56,822 3,901,030 # Magellan Financial Group, Ltd. 32,196 680,135 Mantra Group, Ltd. 181,845 438,032 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- AUSTRALIA -- (Continued) MaxiTRANS Industries, Ltd. 43,486 $ 24,478 #* Mayne Pharma Group, Ltd. 562,266 431,986 McMillan Shakespeare, Ltd. 23,765 272,801 McPherson's, Ltd. 54,464 62,044 Medibank Pvt, Ltd. 162,308 353,188 * Medusa Mining, Ltd. 152,759 36,181 Melbourne IT, Ltd. 57,624 131,670 #* Mesoblast, Ltd. 117,688 164,194 * Metals X, Ltd. 239,333 156,150 # Metcash, Ltd. 703,547 1,475,085 * Mincor Resources NL 60,677 8,975 Mineral Resources, Ltd. 86,351 849,040 #* MMA Offshore, Ltd. 160,271 22,446 MNF Group, Ltd. 3,874 14,396 Monadelphous Group, Ltd. 44,913 547,918 Monash IVF Group, Ltd. 32,926 41,875 Money3 Corp., Ltd. 53,113 60,954 # Mortgage Choice, Ltd. 37,287 69,253 * Mount Gibson Iron, Ltd. 699,223 248,991 # Myer Holdings, Ltd. 629,852 382,538 # MYOB Group, Ltd. 26,939 71,641 MyState, Ltd. 19,503 77,519 # National Australia Bank, Ltd. 95,889 2,298,727 # Navitas, Ltd. 71,507 284,046 #* NetComm Wireless, Ltd. 22,805 30,521 New Hope Corp., Ltd. 88,769 113,689 Newcrest Mining, Ltd. 117,455 1,908,474 #* NEXTDC, Ltd. 13,445 44,126 nib holdings, Ltd. 148,635 682,820 Nick Scali, Ltd. 11,738 57,341 # Nine Entertainment Co. Holdings, Ltd. 463,852 534,179 Northern Star Resources, Ltd. 204,008 722,738 * NRW Holdings, Ltd. 253,468 132,615 Nufarm, Ltd. 97,765 661,818 # OFX Group, Ltd. 72,862 95,662 Oil Search, Ltd. 131,700 700,724 # Orica, Ltd. 147,743 2,348,757 * Origin Energy, Ltd. 258,591 1,432,462 #* Orocobre, Ltd. 51,764 132,382 Orora, Ltd. 435,512 961,635 OZ Minerals, Ltd. 212,734 1,421,714 Pacific Current Group, Ltd. 11,925 66,782 Pacific Energy, Ltd. 20,831 10,999 Pacific Smiles Group, Ltd. 19,058 27,399 Pact Group Holdings, Ltd. 36,187 165,946 #* Paladin Energy, Ltd. 1,154,232 43,399 * Panoramic Resources, Ltd. 342,920 69,986 Paragon Care, Ltd. 60,066 38,434 Peet, Ltd. 104,189 99,234 # Perpetual, Ltd. 15,957 644,478 #* Perseus Mining, Ltd. 351,532 89,225 Pioneer Credit, Ltd. 7,105 14,776 # Platinum Asset Management, Ltd. 49,352 215,925 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) PMP, Ltd. 150,913 $ 89,290 Premier Investments, Ltd. 73,399 801,137 Primary Health Care, Ltd. 402,534 1,090,707 # Prime Media Group, Ltd. 259,087 84,000 Pro Medicus, Ltd. 8,781 36,479 Programmed Maintenance Services, Ltd. 228,099 544,005 Qantas Airways, Ltd. 353,759 1,503,502 QBE Insurance Group, Ltd. 156,418 1,481,834 # Qube Holdings, Ltd. 467,699 994,259 # Quintis, Ltd. 197,160 47,318 * Ramelius Resources, Ltd. 330,244 106,214 Ramsay Health Care, Ltd. 7,186 405,767 # RCG Corp., Ltd. 64,537 47,229 * RCR Tomlinson, Ltd. 97,700 293,143 # REA Group, Ltd. 3,734 205,968 Reckon, Ltd. 24,980 30,014 Reece, Ltd. 839 28,374 # Regis Healthcare, Ltd. 31,163 92,006 Regis Resources, Ltd. 213,290 657,347 Reject Shop, Ltd. (The) 18,852 73,703 # Resolute Mining, Ltd. 663,028 572,628 # Retail Food Group, Ltd. 92,435 358,342 # Ridley Corp., Ltd. 153,852 175,931 Rio Tinto, Ltd. 28,857 1,521,210 Ruralco Holdings, Ltd. 13,827 34,291 RXP Services, Ltd. 120,452 85,788 * Salmat, Ltd. 16,043 4,985 Sandfire Resources NL 104,679 485,404 * Santos, Ltd. 264,574 718,919 #* Saracen Mineral Holdings, Ltd. 511,730 554,289 # SeaLink Travel Group, Ltd. 9,824 33,258 Seek, Ltd. 26,845 367,077 # Select Harvests, Ltd. 46,008 180,420 * Senex Energy, Ltd. 722,848 165,037 # Servcorp, Ltd. 8,966 42,923 Service Stream, Ltd. 119,728 129,402 # Seven Group Holdings, Ltd. 61,699 590,480 Seven West Media, Ltd. 642,439 416,230 SG Fleet Group, Ltd. 15,165 44,555 Sigma Healthcare, Ltd. 655,713 503,810 #* Silex Systems, Ltd. 12,982 3,792 # Silver Chef, Ltd. 6,381 43,022 #* Silver Lake Resources, Ltd. 373,613 133,981 Sims Metal Management, Ltd. 125,947 1,564,455 * Sino Gas & Energy Holdings, Ltd. 281,256 19,116 Sirtex Medical, Ltd. 16,972 218,418 SMS Management & Technology, Ltd. 45,150 64,965 Sonic Healthcare, Ltd. 35,296 629,925 South32, Ltd. 513,662 1,198,041 Southern Cross Media Group, Ltd. 530,793 562,911 Spark Infrastructure Group 252,146 504,796 * Specialty Fashion Group, Ltd. 16,869 5,993 SpeedCast International, Ltd. 42,343 116,834 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ AUSTRALIA -- (Continued) * St Barbara, Ltd. 239,897 $ 523,723 Star Entertainment Grp, Ltd. (The) 486,001 1,960,567 Steadfast Group, Ltd. 201,787 418,019 * Strike Energy, Ltd. 53,210 3,108 Suncorp Group, Ltd. 147,264 1,683,177 * Sundance Energy Australia, Ltd. 958,575 50,673 Sunland Group, Ltd. 67,813 97,070 # Super Retail Group, Ltd. 49,900 334,500 #* Syrah Resources, Ltd. 40,947 94,378 Tabcorp Holdings, Ltd. 387,831 1,295,908 Tassal Group, Ltd. 131,069 397,588 Tatts Group, Ltd. 405,778 1,298,560 Technology One, Ltd. 75,393 323,592 #* Ten Network Holdings, Ltd. 148,556 19,015 Thorn Group, Ltd. 118,630 125,327 * Tiger Resources, Ltd. 335,407 9,874 # Tox Free Solutions, Ltd. 141,321 270,236 # TPG Telecom, Ltd. 36,057 161,800 Treasury Wine Estates, Ltd. 256,171 2,494,021 * Troy Resources, Ltd. 258,080 22,809 Villa World, Ltd. 74,677 134,485 # Village Roadshow, Ltd. 56,664 182,212 #* Virgin Australia Holdings, Ltd. 572,109 80,132 Virtus Health, Ltd. 58,814 263,671 Vita Group, Ltd. 7,991 8,389 # Vocus Group, Ltd. 154,455 430,872 * Watpac, Ltd. 44,377 20,954 # Webjet, Ltd. 31,032 285,831 Wesfarmers, Ltd. 34,155 1,112,969 #* Western Areas, Ltd. 161,945 307,129 * Westgold Resources, Ltd. 108,182 136,842 # Westpac Banking Corp. 56,563 1,441,798 Westpac Banking Corp. Sponsored ADR 17,788 455,195 * Whitehaven Coal, Ltd. 425,006 1,009,975 Woodside Petroleum, Ltd. 175,531 4,102,262 * WorleyParsons, Ltd. 154,449 1,457,654 WPP AUNZ, Ltd. 265,697 244,734 ------------ TOTAL AUSTRALIA 149,405,658 ------------ AUSTRIA -- (0.8%) Agrana Beteiligungs AG 788 106,798 ANDRITZ AG 12,132 742,766 Atrium European Real Estate, Ltd. 53,354 249,385 # Austria Technologie & Systemtechnik AG 18,584 246,685 BUWOG AG 21,766 639,618 CA Immobilien Anlagen AG 18,824 485,805 # DO & CO AG 2,419 177,053 Erste Group Bank AG 49,385 2,045,767 EVN AG 21,945 335,986 * FACC AG 17,679 213,840 IMMOFINANZ AG 122,979 299,109 Kapsch TrafficCom AG 2,261 127,677 Lenzing AG 3,520 629,761 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- AUSTRIA -- (Continued) Mayr Melnhof Karton AG 2,130 $ 280,748 Oberbank AG 847 77,536 Oesterreichische Post AG 10,586 486,718 OMV AG 44,044 2,494,967 Palfinger AG 2,322 108,521 POLYTEC Holding AG 5,527 102,116 # Porr Ag 2,038 72,647 * Raiffeisen Bank International AG 81,977 2,415,836 RHI AG 7,622 287,598 # Rosenbauer International AG 1,097 66,388 S IMMO AG 14,586 218,281 #* Schoeller-Bleckmann Oilfield Equipment AG 3,067 232,281 # Semperit AG Holding 3,664 111,932 Strabag SE 9,541 423,502 Telekom Austria AG 44,979 406,648 UBM Development AG 73 3,357 UNIQA Insurance Group AG 112,559 1,165,246 Verbund AG 35,594 704,086 Vienna Insurance Group AG Wiener Versicherung Gruppe 31,488 947,883 # Voestalpine AG 29,355 1,487,826 Wienerberger AG 64,572 1,484,388 Wolford AG 299 6,183 Zumtobel Group AG 10,068 199,362 ----------- TOTAL AUSTRIA 20,084,300 ----------- BELGIUM -- (1.7%) #* Ablynx NV 6,175 93,483 Ackermans & van Haaren NV 17,155 3,101,451 Ageas 94,284 4,244,533 * AGFA-Gevaert NV 121,884 568,289 Anheuser-Busch InBev SA/NV 27,589 3,328,129 Anheuser-Busch InBev SA/NV Sponsored ADR 6,428 775,602 Atenor 1,496 85,372 Banque Nationale de Belgique 69 237,969 Barco NV 8,544 855,743 Bekaert SA 29,714 1,437,197 bpost SA 32,251 882,909 #* Celyad SA 2,699 89,768 Cie d'Entreprises CFE 5,184 764,267 # Cie Immobiliere de Belgique SA 554 34,499 Colruyt SA 24,745 1,386,667 D'ieteren SA 20,041 949,349 * Dalenys 846 8,560 Deceuninck NV 45,666 186,573 * Econocom Group SA 105,654 807,440 Elia System Operator SA 5,024 294,622 Euronav NV 109,300 872,003 EVS Broadcast Equipment SA 8,451 342,911 # Exmar NV 24,582 144,313 #* Fagron 15,510 211,792 * Galapagos NV 11,191 889,081 Gimv NV 7,347 464,867 Ion Beam Applications 4,252 150,800 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- BELGIUM -- (Continued) KBC Group NV 29,947 $ 2,475,839 Kinepolis Group NV 5,625 323,205 Lotus Bakeries 50 139,679 #* MDxHealth 11,188 65,701 Melexis NV 6,907 594,179 #* Nyrstar NV 49,900 324,037 Ontex Group NV 37,935 1,300,935 Orange Belgium SA 24,637 607,667 Picanol 1,521 190,691 Proximus SADP 25,907 911,014 RealDolmen 1,622 50,637 Recticel SA 35,148 277,072 Resilux 702 124,675 Roularta Media Group NV 855 22,130 Sapec 81 5,744 Sioen Industries NV 8,233 285,871 Sipef SA 3,500 257,560 Solvay SA 28,898 4,143,429 * Telenet Group Holding NV 4,412 308,021 TER Beke SA 468 98,368 * Tessenderlo Group SA 26,497 1,163,265 * ThromboGenics NV 32,613 122,171 * TiGenix NV 34,795 37,053 UCB SA 10,853 790,336 Umicore SA 56,575 4,541,961 Van de Velde NV 3,155 169,906 * Viohalco SA 25,814 84,459 ----------- TOTAL BELGIUM 42,623,794 ----------- CANADA -- (8.2%) * 5N Plus, Inc. 33,915 84,600 Absolute Software Corp. 14,551 92,786 # Acadian Timber Corp. 7,576 111,809 * Advantage Oil & Gas, Ltd. 159,974 1,099,641 Aecon Group, Inc. 49,735 600,769 * Africa Oil Corp. 40,900 63,314 # Ag Growth International, Inc. 4,160 186,687 # AGF Management, Ltd. Class B 63,512 381,556 Agnico Eagle Mines, Ltd.(2009823) 13,378 624,609 Agnico Eagle Mines, Ltd.(008474108) 11,564 540,154 Agrium, Inc.(008916108) 7,309 731,631 Agrium, Inc.(2213538) 4,900 490,334 # AGT Food & Ingredients, Inc. 15,012 306,200 Aimia, Inc. 54,074 62,889 * Air Canada 15,500 246,533 # AirBoss of America Corp. 10,798 114,757 AKITA Drilling, Ltd. Class A 900 5,248 * Alacer Gold Corp. 209,366 349,293 # Alamos Gold, Inc. Class A(011532108) 61,980 439,438 Alamos Gold, Inc. Class A(BZ3DNP6) 163,219 1,155,986 # Alaris Royalty Corp. 25,423 459,623 Algoma Central Corp. 1,740 17,027 Algonquin Power & Utilities Corp. 95,477 1,020,821 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * Alio Gold, Inc. 13,760 $ 57,833 # AltaGas, Ltd. 37,819 880,295 Alterra Power Corp. 4,945 23,760 # Altius Minerals Corp. 38,200 345,309 Altus Group, Ltd. 11,600 237,815 * Amaya, Inc.(BT8J595) 24,674 437,571 * Amaya, Inc.(02314M108) 15,330 271,341 #* Americas Silver Corp. 27,100 86,729 * Amerigo Resources, Ltd. 16,500 9,132 Andrew Peller, Ltd. Class A 14,100 125,534 # ARC Resources, Ltd. 69,370 956,463 * Argonaut Gold, Inc. 128,891 226,406 #* Asanko Gold, Inc. 101,993 127,619 Atco, Ltd. Class I 4,600 171,234 #* Athabasca Oil Corp. 419,433 349,878 * ATS Automation Tooling Systems, Inc. 44,845 481,992 * AuRico Metals, Inc.(05157J108) 22,247 21,179 * AuRico Metals, Inc.(BYR52G5) 56,603 53,572 # AutoCanada, Inc. 22,819 367,520 #* Avigilon Corp. 23,199 263,855 * B2Gold Corp. 701,928 1,762,209 # Badger Daylighting, Ltd. 11,726 249,051 Bank of Montreal(2076009) 15,646 1,186,674 Bank of Montreal(063671101) 32,021 2,429,433 Bank of Nova Scotia (The)(064149107) 34,732 2,164,151 Bank of Nova Scotia (The)(2076281) 6,849 426,679 Barrick Gold Corp. 28,817 487,295 #* Baytex Energy Corp.(B4VGVM3) 150,644 422,903 #* Baytex Energy Corp.(07317Q105) 31,128 86,847 BCE, Inc. 5,155 241,945 #* Bellatrix Exploration, Ltd. 37,520 93,895 Birchcliff Energy, Ltd. 172,754 845,237 # Bird Construction, Inc. 21,559 146,465 # Black Diamond Group, Ltd. 27,941 59,613 * BlackBerry, Ltd.(BCBHZ31) 39,170 367,273 * BlackBerry, Ltd.(09228F103) 31,464 295,132 #* BlackPearl Resources, Inc. 189,068 150,132 * Bombardier, Inc. Class A 9,900 20,249 * Bombardier, Inc. Class B 114,760 231,039 Bonavista Energy Corp. 189,957 476,892 Bonterra Energy Corp. 25,174 339,221 Boralex, Inc. Class A 27,500 491,217 Brookfield Real Estate Services, Inc. 1,000 13,499 BRP, Inc. 9,500 304,411 * BSM Technologies, Inc. 48,300 57,724 CAE, Inc.(2162760) 16,827 285,185 CAE, Inc.(124765108) 4,303 73,022 #* Calfrac Well Services, Ltd. 96,583 261,841 Calian Group, Ltd. 1,300 29,175 # Callidus Capital Corp. 17,332 211,168 Cameco Corp.(2166160) 43,049 440,935 Cameco Corp.(13321L108) 76,093 779,953 Canaccord Genuity Group, Inc. 103,597 520,995 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) #* Canacol Energy, Ltd. 102,819 $ 370,288 Canadian Imperial Bank of Commerce(2170525) 4,404 382,275 Canadian Imperial Bank of Commerce(136069101) 6,707 582,436 # Canadian Natural Resources, Ltd.(136385101) 57,184 1,749,830 Canadian Natural Resources, Ltd.(2171573) 7,704 235,615 Canadian Tire Corp., Ltd. Class A 8,816 1,006,300 # Canadian Western Bank 83,818 1,882,417 * Canfor Corp. 70,590 1,184,474 Canfor Pulp Products, Inc. 27,649 261,909 # CanWel Building Materials Group, Ltd. 28,456 140,368 Capital Power Corp. 15,684 309,592 * Capstone Mining Corp. 337,985 325,311 # Cardinal Energy, Ltd. 31,589 117,816 Cargojet, Inc. 1,500 58,123 Cascades, Inc. 60,672 747,968 CCL Industries, Inc. Class B 33,170 1,590,191 * Celestica, Inc.(2263362) 42,777 508,486 * Celestica, Inc.(15101Q108) 53,786 639,516 Cenovus Energy, Inc.(B57FG04) 77,149 647,885 Cenovus Energy, Inc.(15135U109) 70,959 596,765 Centerra Gold, Inc.(B01NXQ4) 173,554 925,712 Centerra Gold, Inc.(152006102) 935 4,986 * Cequence Energy, Ltd. 79,682 11,185 # Cervus Equipment Corp. 5,594 54,874 CES Energy Solutions Corp. 38,232 195,338 * CGI Group, Inc. Class A(2159740) 7,471 394,478 * CGI Group, Inc. Class A(39945C109) 7,333 387,256 # Chesswood Group, Ltd. 10,697 116,086 * China Gold International Resources Corp., Ltd. 199,661 304,276 #* Chinook Energy, Inc. 38,922 10,302 # CI Financial Corp. 14,539 316,727 # Cineplex, Inc. 20,108 793,030 # Clarke, Inc. 1,100 9,970 Clearwater Seafoods, Inc. 10,558 94,338 Cogeco Communications, Inc. 9,995 698,267 Cogeco, Inc. 6,264 383,753 Colliers International Group, Inc.(194693107) 5,285 284,597 Colliers International Group, Inc.(BYL7SB4) 4,219 227,235 Computer Modelling Group, Ltd. 32,230 244,811 # Cona Resources, Ltd. 33,282 81,420 Constellation Software, Inc. 1,092 588,283 * Continental Gold, Inc. 92,950 252,738 #* Copper Mountain Mining Corp. 125,983 101,049 Corby Spirit and Wine, Ltd. 4,950 87,347 * Corridor Resources, Inc. 5,600 2,515 Corus Entertainment, Inc. Class B 100,405 1,114,582 Cott Corp.(22163N106) 4,928 76,581 Cott Corp.(2228952) 50,909 790,126 Crescent Point Energy Corp.(22576C101) 94,326 740,461 # Crescent Point Energy Corp.(B67C8W8) 17,626 138,550 * Crew Energy, Inc. 134,885 439,249 * CRH Medical Corp. 23,040 75,583 #* Delphi Energy Corp. 145,154 143,204 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) #* Denison Mines Corp. 436,805 $ 227,731 * Descartes Systems Group, Inc. (The)(2141941) 9,080 227,810 * Descartes Systems Group, Inc. (The)(249906108) 2,819 70,757 * Detour Gold Corp. 116,367 1,463,513 DHX Media, Ltd.(BRF12N3) 31,409 163,501 # DHX Media, Ltd.(BRF12P5) 21,889 114,120 #* DIRTT Environmental Solutions 9,600 45,738 Dollarama, Inc. 4,866 475,652 # Dominion Diamond Corp.(257287102) 43,661 614,747 Dominion Diamond Corp.(B95LX89) 25,747 362,224 Dorel Industries, Inc. Class B 23,718 626,646 * DREAM Unlimited Corp. Class A 3,000 17,734 * Dundee Precious Metals, Inc. 110,745 233,615 E-L Financial Corp., Ltd. 175 118,187 #* Eastmain Resources, Inc. 97,500 25,807 ECN Capital Corp. 74,289 235,961 Eldorado Gold Corp. 521,375 1,104,014 Element Fleet Management Corp. 190,242 1,440,453 Empire Co., Ltd. Class A 126,382 2,053,739 # Enbridge Income Fund Holdings, Inc. 60,227 1,547,763 Encana Corp. 127,081 1,278,435 #* Endeavour Mining Corp. 50,236 956,563 Enercare, Inc. 31,728 532,893 Enerflex, Ltd. 74,607 1,031,662 * Energy Fuels, Inc.(BFV4XW8) 2,144 3,816 #* Energy Fuels, Inc.(BFV4XV7) 38,805 69,098 Enerplus Corp. 93,480 843,190 Enghouse Systems, Ltd. 7,196 308,388 Ensign Energy Services, Inc. 113,956 609,654 * Epsilon Energy, Ltd. 35,277 89,271 # Equitable Group, Inc. 9,889 434,505 * Equity Financial Holdings, Inc. 800 5,037 * Essential Energy Services Trust 168,421 81,053 Evertz Technologies, Ltd. 11,926 169,791 # Exchange Income Corp. 14,690 339,811 Exco Technologies, Ltd. 18,657 165,807 #* EXFO, Inc. 48 198 # Extendicare, Inc. 33,004 251,220 # Fairfax Financial Holdings, Ltd. 3,444 1,642,264 Fiera Capital Corp. 18,571 214,496 Finning International, Inc. 59,210 1,191,561 # Firm Capital Mortgage Investment Corp. 20,800 226,060 First Capital Realty, Inc. 9,235 151,108 #* First Majestic Silver Corp.(2833583) 36,748 302,414 #* First Majestic Silver Corp.(32076V103) 26,297 216,424 # First National Financial Corp. 3,800 76,198 First Quantum Minerals, Ltd. 210,540 2,327,044 FirstService Corp.(33767E103) 4,382 282,376 FirstService Corp.(BYL7ZF7) 4,219 271,904 #* Fission Uranium Corp. 95,500 53,619 * Fortress Paper, Ltd. Class A 2,299 11,221 * Fortuna Silver Mines, Inc. 74,287 371,212 Franco-Nevada Corp. 6,099 441,934 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) # Freehold Royalties, Ltd. 64,685 $ 737,775 # Gamehost, Inc. 5,382 40,060 Genesis Land Development Corp. 10,800 31,445 # Genworth MI Canada, Inc. 39,761 1,159,902 George Weston, Ltd. 6,237 544,734 Gibson Energy, Inc. 61,732 803,618 Gildan Activewear, Inc. 13,046 393,133 * Glacier Media, Inc. 3,000 1,492 Gluskin Sheff + Associates, Inc. 11,763 160,111 * GMP Capital, Inc. 33,185 79,852 goeasy, Ltd. 2,200 49,285 Goldcorp, Inc.(380956409) 73,541 965,593 Goldcorp, Inc.(2676302) 7,376 96,848 #* Golden Star Resources, Ltd. 132,780 90,526 #* Gran Tierra Energy, Inc.(38500T101) 1,100 2,596 * Gran Tierra Energy, Inc.(B2PPCS5) 362,792 852,601 # Granite Oil Corp. 21,541 79,997 * Great Canadian Gaming Corp. 17,900 348,309 * Great Panther Silver, Ltd. 29,633 38,504 Great-West Lifeco, Inc. 6,100 174,083 Guardian Capital Group, Ltd. Class A 2,700 58,472 * Guyana Goldfields, Inc. 22,111 85,305 * Heroux-Devtek, Inc. 25,896 275,629 High Liner Foods, Inc. 13,514 183,728 #* HNZ Group, Inc. 2,200 25,022 # Home Capital Group, Inc. 47,507 525,844 Horizon North Logistics, Inc. 118,178 125,121 HudBay Minerals, Inc.(B05BQ98) 3,790 29,562 HudBay Minerals, Inc.(B05BDX1) 201,095 1,561,339 # Hudson's Bay Co. 40,053 342,784 * Husky Energy, Inc. 67,618 782,612 * IAMGOLD Corp.(450913108) 23,010 124,254 * IAMGOLD Corp.(2446646) 348,426 1,880,816 IGM Financial, Inc. 5,200 175,009 #* Imperial Metals Corp. 40,805 125,025 Imperial Oil, Ltd.(2454241) 776 22,270 Imperial Oil, Ltd.(453038408) 13,814 395,633 * Indigo Books & Music, Inc. 1,700 21,203 Industrial Alliance Insurance & Financial Services, Inc. 47,009 2,180,871 Information Services Corp. 2,900 43,520 Innergex Renewable Energy, Inc. 35,784 419,908 Intact Financial Corp. 5,604 435,330 Inter Pipeline, Ltd. 9,678 191,115 * Interfor Corp. 57,812 900,045 Intertape Polymer Group, Inc. 27,264 525,489 * Ivanhoe Mines, Ltd. Class A 412,214 1,626,704 Jean Coutu Group PJC, Inc. (The) Class A 20,225 337,097 Just Energy Group, Inc.(B693818) 2,300 12,305 Just Energy Group, Inc.(B63MCN1) 29,108 156,192 # K-Bro Linen, Inc. 2,328 75,157 * Kelt Exploration, Ltd. 135,053 724,686 Keyera Corp. 11,800 368,741 * Kinaxis, Inc. 1,900 122,207 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * Kinross Gold Corp.(496902404) 10,211 $ 42,069 * Kinross Gold Corp.(B03Z841) 689,005 2,840,574 Kirkland Lake Gold, Ltd. 134,760 1,396,510 * Klondex Mines, Ltd. 64,382 205,010 * Knight Therapeutics, Inc. 94,656 720,502 KP Tissue, Inc. 3,900 43,919 # Labrador Iron Ore Royalty Corp. 44,105 609,174 Laurentian Bank of Canada 32,717 1,421,520 Leon's Furniture, Ltd. 15,438 223,382 #* Liberty Gold Corp. 70,500 26,294 Linamar Corp. 41,828 2,292,446 # Liquor Stores N.A., Ltd. 28,555 229,265 Loblaw Cos., Ltd. 8,093 440,737 Lucara Diamond Corp. 163,626 351,729 Lundin Mining Corp. 389,120 2,799,604 # MacDonald Dettwiler & Associates, Ltd. 6,438 365,134 Magellan Aerospace Corp. 9,236 147,494 Magna International, Inc.(2554475) 26,629 1,269,990 Magna International, Inc.(559222401) 300 14,307 #* Mainstreet Equity Corp. 1,005 30,221 Mainstreet Health Investments, Inc. 1,100 10,120 * Major Drilling Group International, Inc. 70,995 469,219 Mandalay Resources Corp. 204,371 63,930 * Manitok Energy, Inc. 6,893 470 Manulife Financial Corp.(2492519) 36,601 753,891 Manulife Financial Corp.(56501R106) 75,088 1,548,315 Maple Leaf Foods, Inc. 36,799 1,017,119 Martinrea International, Inc. 76,375 616,881 * Maxim Power Corp. 2,200 4,764 # Mediagrif Interactive Technologies, Inc. 1,000 11,999 # Medical Facilities Corp. 14,715 153,907 #* MEG Energy Corp. 200,289 822,522 Melcor Developments, Ltd. 4,353 50,103 Methanex Corp.(2654416) 15,900 704,995 Methanex Corp.(59151K108) 2,714 120,230 Metro, Inc. 29,275 991,605 #* Midas Gold Corp. 40,000 24,383 * Minco Silver Corp. 9,414 8,079 * Mitel Networks Corp. 74,628 635,692 Morguard Corp. 1,100 151,772 Morneau Shepell, Inc. 20,525 340,286 MTY Food Group, Inc. 5,616 211,982 Mullen Group, Ltd. 50,867 651,163 National Bank of Canada 59,178 2,665,205 * Neptune Technologies & Bioressources, Inc. 6,516 5,645 Nevsun Resources, Ltd. 231,476 625,686 New Flyer Industries, Inc. 23,034 939,096 * New Gold, Inc. 391,582 1,309,723 #* Newalta Corp. 83,333 84,887 Norbord, Inc.(2641441) 4,916 174,480 Norbord, Inc.(65548P403) 3,586 127,160 North American Energy Partners, Inc.(656844107) 11,011 46,797 North American Energy Partners, Inc.(B1HTYS2) 12,646 53,252 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) North West Co., Inc. (The) 16,108 $ 394,577 # Northland Power, Inc. 27,644 514,854 * Novelion Therapeutics, Inc. 746 6,753 * NuVista Energy, Ltd. 144,490 740,558 * Obsidian Energy, Ltd.(674482104) 79,923 94,309 * Obsidian Energy, Ltd.(BDHLTZ4) 391,148 461,189 OceanaGold Corp. 493,328 1,349,307 Onex Corp. 6,200 496,845 Open Text Corp. 12,400 414,742 * Orbite Technologies, Inc. 121,500 17,181 # Osisko Gold Royalties, Ltd.(BN60CQ4) 82,014 1,053,171 Osisko Gold Royalties, Ltd.(68827L101) 2,000 25,700 #* Painted Pony Energy, Ltd. 85,445 311,831 Pan American Silver Corp.(697900108) 82,032 1,382,239 Pan American Silver Corp.(2669272) 25,434 428,402 #* Paramount Resources, Ltd. Class A 54,428 872,245 * Parex Resources, Inc. 56,767 698,461 Parkland Fuel Corp. 18,102 388,393 Pason Systems, Inc. 22,885 334,074 Pembina Pipeline Corp.(B4PPQG5) 3,982 135,786 Pembina Pipeline Corp.(B4PT2P8) 4,324 147,348 #* Pengrowth Energy Corp. 431,204 325,111 # Peyto Exploration & Development Corp. 11,576 205,755 * PHX Energy Services Corp. 30,152 49,820 #* Pine Cliff Energy, Ltd. 141,100 78,090 # Pizza Pizza Royalty Corp. 20,206 271,790 #* Platinum Group Metals, Ltd. 22,970 16,766 #* Point Loma Resources, Ltd. 406 119 Polaris Infrastructure, Inc. 1,800 24,558 Potash Corp. of Saskatchewan, Inc. 21,498 384,814 # PrairieSky Royalty, Ltd. 1,664 41,321 * Precision Drilling Corp.(B5YPLH9) 205,892 597,818 * Precision Drilling Corp.(74022D308) 59,993 175,180 * Premier Gold Mines, Ltd. 53,166 144,562 Premium Brands Holdings Corp. 8,423 608,240 #* Pretium Resources, Inc. 67,986 653,276 * Primero Mining Corp.(74164W106) 6,304 2,288 #* Primero Mining Corp.(B4Z8FV2) 132,141 47,695 #* Pulse Seismic, Inc. 33,004 67,768 Pure Technologies, Ltd. 10,700 43,169 Quarterhill, Inc. 102,507 147,173 Quebecor, Inc. Class B 16,000 554,530 #* Questerre Energy Corp. Class A 16,560 9,829 * Raging River Exploration, Inc. 14,392 92,233 Reitmans Canada, Ltd. Class A 29,599 108,496 Richelieu Hardware, Ltd. 15,921 415,408 * Richmont Mines, Inc. 24,900 207,508 Ritchie Bros Auctioneers, Inc.(2345390) 3,200 90,347 Ritchie Bros Auctioneers, Inc.(767744105) 13,981 394,684 #* RMP Energy, Inc. 100,137 48,191 Rocky Mountain Dealerships, Inc. 12,478 100,985 # Rogers Sugar, Inc. 69,448 357,058 Royal Bank of Canada(2754383) 13,700 1,022,047 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Royal Bank of Canada(780087102) 21,014 $1,566,804 #* Royal Nickel Corp. 128,000 19,507 # Russel Metals, Inc. 38,412 768,394 #* Sabina Gold & Silver Corp. 168,500 305,442 #* Sandstorm Gold, Ltd. 107,997 445,241 Sandvine Corp. 112,056 393,668 Saputo, Inc. 11,022 373,603 Savaria Corp. 1,600 19,122 Secure Energy Services, Inc. 132,463 1,000,843 * SEMAFO, Inc. 187,120 451,760 * Seven Generations Energy, Ltd. Class A 903 15,695 Shaw Communications, Inc. Class B(2801836) 4,800 106,876 Shaw Communications, Inc. Class B(82028K200) 18,675 415,892 ShawCor, Ltd. 16,463 368,940 * Sherritt International Corp. 263,069 181,463 # Sienna Senior Living, Inc. 18,211 251,091 #* Sierra Wireless, Inc.(2418968) 8,700 256,168 * Sierra Wireless, Inc.(826516106) 15,411 454,624 #* Silver Standard Resources, Inc.(82823L106) 20,715 201,557 * Silver Standard Resources, Inc.(2218458) 69,629 676,883 Sleep Country Canada Holdings, Inc. 2,000 60,846 SNC-Lavalin Group, Inc. 18,817 828,748 * Solium Capital, Inc. 6,894 53,582 * Southern Pacific Resource Corp. 135,301 14 #* Spartan Energy Corp. 90,010 461,332 #* Spin Master Corp. 3,794 116,308 # Sprott, Inc. 159,767 293,455 # Stantec, Inc.(2854238) 13,024 331,359 Stantec, Inc.(85472N109) 4,216 107,508 Stella-Jones, Inc. 8,350 292,208 #* Stornoway Diamond Corp. 375,613 238,006 * Strad Energy Services, Ltd. 4,059 4,525 # Stuart Olson, Inc. 18,950 80,861 # Student Transportation, Inc. 25,875 152,334 Sun Life Financial, Inc.(2566124) 7,841 300,496 Sun Life Financial, Inc.(866796105) 22,468 861,198 # Suncor Energy, Inc.(867224107) 72,745 2,372,942 Suncor Energy, Inc.(B3NB1P2) 100,053 3,263,799 #* SunOpta, Inc.(2817510) 23,209 221,526 * SunOpta, Inc.(8676EP108) 43,059 409,061 Superior Plus Corp. 94,681 830,049 Supremex, Inc. 6,100 21,919 # Surge Energy, Inc. 227,284 395,594 # Tahoe Resources, Inc.(B5B9KV1) 34,180 186,973 Tahoe Resources, Inc.(873868103) 122,913 672,334 #* Taseko Mines, Ltd. 150,429 224,422 # Teck Resources, Ltd. Class A 1,200 26,863 Teck Resources, Ltd. Class B(2879327) 10,991 238,553 Teck Resources, Ltd. Class B(878742204) 125,968 2,732,246 TELUS Corp. 10,600 382,850 #* Tembec, Inc. 27,377 99,692 * Teranga Gold Corp. 80,844 206,851 TFI International, Inc. 39,227 922,192 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * Theratechnologies, Inc. 30,200 $ 188,939 Thomson Reuters Corp. 10,416 477,043 #* TMAC Resources, Inc. 4,600 40,032 TMX Group, Ltd. 23,886 1,266,384 TORC Oil & Gas, Ltd. 121,146 545,120 * Torex Gold Resources, Inc. 21,361 389,448 Toromont Industries, Ltd. 22,041 818,350 Toronto-Dominion Bank (The)(2897222) 41,258 2,126,851 Toronto-Dominion Bank (The)(891160509) 5,699 293,726 Torstar Corp. Class B 69,863 81,813 Total Energy Services, Inc. 37,048 359,560 * Tourmaline Oil Corp. 47,906 1,062,443 TransAlta Corp.(2901628) 91,677 597,822 TransAlta Corp.(89346D107) 125,991 825,241 # TransAlta Renewables, Inc. 13,300 155,962 TransCanada Corp.(2665184) 12,378 632,427 TransCanada Corp.(89353D107) 2,905 148,504 Transcontinental, Inc. Class A 53,732 1,095,542 * TransGlobe Energy Corp. 67,575 92,142 #* Trevali Mining Corp. 307,649 318,321 * Trican Well Service, Ltd. 283,502 829,984 Tricon Capital Group, Inc. 9,200 77,481 * Trilogy Energy Corp. 49,908 211,761 * Trinidad Drilling, Ltd. 235,016 337,420 * Turquoise Hill Resources, Ltd.(900435108) 17,904 58,904 * Turquoise Hill Resources, Ltd.(B7WJ1F5) 174,073 572,448 * TVA Group, Inc. Class B 653 1,776 # Uni-Select, Inc. 25,520 595,654 #* UrtheCast Corp. 18,500 16,619 #* Valeant Pharmaceuticals International, Inc. 152,069 2,503,056 # Valener, Inc. 10,289 177,927 Veresen, Inc. 250,788 3,663,003 Vermilion Energy, Inc. 15,758 519,384 Wajax Corp. 11,809 222,114 Waste Connections, Inc.(94106B101) 6,192 402,345 Waste Connections, Inc.(BYQFRK5) 4,519 293,715 * Wesdome Gold Mines, Ltd. 44,300 87,410 West Fraser Timber Co., Ltd. 42,570 2,262,091 #* Western Energy Services Corp. 64,541 74,545 Western Forest Products, Inc. 309,165 614,982 WestJet Airlines, Ltd. 4,300 85,707 Westshore Terminals Investment Corp. 17,989 340,518 Wheaton Precious Metals Corp. 29,388 596,870 # Whitecap Resources, Inc. 286,060 2,113,184 Winpak, Ltd. 6,877 295,268 WSP Global, Inc. 24,359 988,818 * Xtreme Drilling Corp. 7,616 12,217 Yamana Gold, Inc.(2219279) 682,670 1,779,568 Yamana Gold, Inc.(98462Y100) 6,868 17,857 * Yangarra Resources, Ltd. 41,300 112,298 #* Yellow Pages, Ltd. 19,713 103,407 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ CANADA -- (Continued) ZCL Composites, Inc. 6,650 $ 70,834 ------------ TOTAL CANADA 207,326,961 ------------ CHINA -- (0.0%) BEP International Holdings, Ltd. 2,770,000 72,921 * HongDa Financial Holding, Ltd. 480,000 13,572 * KuangChi Science, Ltd. 179,000 62,755 Lisi Group Holdings, Ltd. 672,000 53,293 ------------ TOTAL CHINA 202,541 ------------ DENMARK -- (2.0%) # ALK-Abello A.S. 3,727 587,428 Alm Brand A.S. 63,379 635,360 Ambu A.S. Class B 14,918 971,381 AP Moller - Maersk A.S. Class A 253 528,397 AP Moller - Maersk A.S. Class B 499 1,089,237 * Bang & Olufsen A.S. 27,777 486,020 BankNordik P/F 1,833 37,051 #* Bavarian Nordic A.S. 13,393 876,716 Brodrene Hartmann A.S. 1,662 101,808 Carlsberg A.S. Class B 18,912 2,101,106 Chr Hansen Holding A.S. 19,477 1,568,509 Coloplast A.S. Class B 2,059 176,886 # Columbus A.S. 23,023 49,786 #* D/S Norden A.S. 23,429 464,788 Danske Bank A.S. 40,251 1,630,072 DFDS A.S. 18,136 1,034,382 DSV A.S. 35,504 2,292,341 FLSmidth & Co. A.S. 27,397 1,676,816 * Genmab A.S. 2,070 470,431 # GN Store Nord A.S. 95,918 2,917,456 # H Lundbeck A.S. 17,075 1,023,847 * H+H International A.S. Class B 7,858 134,359 Harboes Bryggeri A.S. Class B 511 9,677 IC Group A.S. 4,483 102,471 ISS A.S. 30,919 1,267,519 * Jeudan A.S. 667 74,558 Jyske Bank A.S. 45,804 2,870,827 Matas A.S. 25,891 399,562 * NKT A.S. 18,171 1,596,223 Nordjyske Bank A.S. 5,916 113,056 Novo Nordisk A.S. Class B 52,427 2,229,690 # Novozymes A.S. Class B 9,977 460,692 # Pandora A.S. 10,035 1,154,914 Parken Sport & Entertainment A.S. 3,780 52,157 Per Aarsleff Holding A.S. 14,945 372,778 Ringkjoebing Landbobank A.S. 15,125 796,300 Rockwool International A.S. Class B 4,487 1,021,141 Royal Unibrew A.S. 21,383 1,065,445 RTX A.S. 6,404 165,236 * Santa Fe Group A.S. 14,613 132,419 Schouw & Co. AB 13,852 1,521,063 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- DENMARK -- (Continued) SimCorp A.S. 17,341 $ 1,084,299 Solar A.S. Class B 4,464 265,846 Spar Nord Bank A.S. 63,888 858,640 Sydbank A.S. 55,133 2,296,625 TDC A.S. 515,530 3,181,105 Tivoli A.S. 178 17,172 * TK Development A.S. 55,151 93,870 * Topdanmark A.S. 43,920 1,500,691 Tryg A.S. 48,492 1,092,636 United International Enterprises 1,094 230,547 Vestas Wind Systems A.S. 18,318 1,790,252 #* Vestjysk Bank A.S. 15,069 29,445 * William Demant Holding A.S. 47,885 1,272,255 #* Zealand Pharma A.S. 5,267 104,825 ----------- TOTAL DENMARK 50,078,113 ----------- FINLAND -- (2.0%) Afarak Group Oyj 15,519 14,534 Ahlstrom-Munksjo Oyj 10,658 219,844 Aktia Bank Oyj 19,864 216,304 Alandsbanken Abp Class B 5 85 Alma Media Oyj 11,598 88,946 Amer Sports Oyj 63,952 1,717,822 Apetit Oyj 276 4,543 Aspo Oyj 6,205 66,240 Atria Oyj 10,467 140,000 * BasWare Oyj 1,456 69,308 Bittium Oyj 10,461 92,175 Cargotec Oyj Class B 24,533 1,497,803 #* Caverion Corp. 32,549 272,309 Citycon Oyj 93,565 254,626 Cramo Oyj 21,940 629,411 Digia Oyj 2,091 6,905 Elisa Oyj 42,719 1,758,608 F-Secure Oyj 29,375 133,458 Finnair Oyj 55,961 605,466 Fiskars Oyj Abp 20,825 523,148 Fortum Oyj 98,858 1,616,538 HKScan Oyj Class A 24,600 87,912 Huhtamaki Oyj 46,685 1,809,079 Ilkka-Yhtyma Oyj 3,592 13,715 Kemira Oyj 70,680 890,900 Kesko Oyj Class A 3,096 157,057 Kesko Oyj Class B 41,548 2,100,836 Kone Oyj Class B 18,181 947,000 Konecranes Oyj 14,374 641,310 Lassila & Tikanoja Oyj 19,020 433,459 Lemminkainen Oyj 2,979 89,298 # Metsa Board Oyj 125,806 889,906 Metso Oyj 55,305 1,759,459 Neste Oyj 50,237 2,177,976 Nokia Oyj(5902941) 179,921 1,148,109 Nokia Oyj(5946455) 143,713 918,703 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FINLAND -- (Continued) Nokian Renkaat Oyj 42,666 $ 1,739,676 Olvi Oyj Class A 7,627 268,197 Oriola Oyj Class B 78,266 335,697 Orion Oyj Class A 5,798 294,039 Orion Oyj Class B 28,958 1,463,559 Outokumpu Oyj 203,109 1,706,754 * Outotec Oyj 106,364 693,780 Pihlajalinna Oyj 2,567 51,756 Ponsse Oy 2,825 81,963 * Poyry Oyj 6,843 39,164 * QT Group Oyj 1,859 14,968 Raisio Oyj Class V 80,223 335,988 Ramirent Oyj 44,716 445,728 Revenio Group Oyj 2,106 92,164 Sampo Oyj Class A 46,849 2,562,246 Sanoma Oyj 65,013 603,884 SRV Group OYJ 3,870 20,654 * Stockmann Oyj Abp Class A 2,666 23,093 * Stockmann Oyj Abp Class B 27,220 235,669 Stora Enso Oyj Class R 285,475 3,816,752 * Talvivaara Mining Co. P.L.C. 190,260 1,284 Technopolis Oyj 40,698 176,337 Tieto Oyj 28,426 901,788 Tikkurila Oyj 15,819 337,383 UPM-Kymmene Oyj 258,374 7,033,740 # Uponor Oyj 22,059 356,178 Vaisala Oyj Class A 4,398 211,514 Valmet Oyj 43,149 786,541 Wartsila Oyj Abp 14,688 976,138 # YIT Oyj 81,132 688,981 ----------- TOTAL FINLAND 50,288,407 ----------- FRANCE -- (6.2%) ABC Arbitrage 20,414 147,976 Accor SA 13,779 640,085 # Actia Group 10,087 105,851 Aeroports de Paris 2,541 430,026 * Air France-KLM 66,287 897,525 Air Liquide SA 6,508 797,970 Akka Technologies 4,661 254,586 Albioma SA 16,533 388,483 # Alstom SA 8,602 308,176 Altamir 16,568 329,705 Alten SA 11,932 1,030,126 Altran Technologies SA 72,366 1,272,441 Amundi SA 4,601 355,851 #* Antalis International SAS 9,727 22,108 April SA 6,744 103,780 #* Archos 19,979 16,073 Arkema SA 22,438 2,554,238 Assystem 5,757 220,824 Atos SE 19,717 2,997,686 Aubay 2,620 95,223 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) AXA SA 110,215 $3,255,032 # AXA SA Sponsored ADR 14,588 429,908 Axway Software SA 3,291 94,519 Beneteau SA 12,255 210,390 * Bigben Interactive 10,795 123,844 BioMerieux 4,056 893,753 BNP Paribas SA 73,561 5,700,657 Boiron SA 3,165 296,491 Bollore SA 108,528 503,528 Bonduelle SCA 11,968 459,866 # Bourbon Corp. 12,868 119,937 Bouygues SA 30,857 1,322,966 Bureau Veritas SA 24,625 561,072 Burelle SA 58 82,084 Capgemini SE 9,054 985,704 Carrefour SA 66,156 1,589,077 Casino Guichard Perrachon SA 34,577 2,108,891 Catering International Services 672 15,513 * Cegedim SA 1,092 41,676 #* CGG SA 9,806 43,304 * CGG SA Sponsored ADR 508 2,413 Chargeurs SA 25,077 727,243 Christian Dior SE 1,578 449,342 Cie de Saint-Gobain 98,275 5,452,955 Cie des Alpes 8,162 266,661 Cie Generale des Etablissements Michelin 23,837 3,228,390 Cie Plastic Omnium SA 21,425 824,483 CNP Assurances 50,177 1,211,357 * Coface SA 58,006 548,489 Credit Agricole SA 82,395 1,446,226 Danone SA 12,713 948,646 Dassault Systemes SE 2,688 263,686 Derichebourg SA 69,069 605,106 Devoteam SA 2,063 187,215 # Edenred 30,918 812,767 Eiffage SA 16,727 1,620,272 Electricite de France SA 91,264 926,387 Electricite de Strasbourg SA 88 12,457 Elior Group 25,510 677,111 # Elis SA 12,688 306,779 Engie SA 149,646 2,410,228 #* Eramet 4,658 294,047 Essilor International SA 9,379 1,187,444 * Esso SA Francaise 2,429 163,309 Euler Hermes Group 5,832 697,213 Eurofins Scientific SE 2,681 1,493,448 Euronext NV 14,327 837,264 Europcar Groupe SA 21,586 314,295 Eutelsat Communications SA 55,840 1,511,266 Exel Industries Class A 545 65,142 Faurecia 28,361 1,574,832 Fleury Michon SA 571 34,271 * Fnac Darty SA 4,086 387,242 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) * Fnac Darty SA 2,700 $ 255,397 Gaztransport Et Technigaz SA 7,326 349,181 GL Events 4,967 147,375 Groupe Crit 2,177 208,592 Groupe Eurotunnel SE 64,590 716,212 #* Groupe Gorge 2,052 51,014 Groupe Open 3,320 99,060 Guerbet 3,812 343,061 Haulotte Group SA 5,625 99,022 Havas SA 26,989 295,599 * HiPay Group SA 2,179 41,870 * ID Logistics Group 596 96,274 Iliad SA 1,304 323,489 Imerys SA 7,484 648,746 Ingenico Group SA 7,544 791,330 Interparfums SA 3,099 123,148 Ipsen SA 11,306 1,447,108 IPSOS 22,830 788,435 Jacquet Metal Service 8,285 231,538 # JCDecaux SA 8,247 293,691 Kaufman & Broad SA 265 11,483 Kering 2,393 836,404 Korian SA 29,839 986,593 Lagardere SCA 66,997 2,201,228 Laurent-Perrier 1,001 90,656 Le Belier 205 11,056 Le Noble Age 3,880 229,694 Lectra 8,258 237,503 Legrand SA 13,193 911,341 # Linedata Services 779 45,379 LISI 11,627 560,539 LVMH Moet Hennessy Louis Vuitton SE 6,702 1,683,465 Maisons France Confort SA 1,205 88,390 Manitou BF SA 5,334 187,057 Manutan International 529 54,397 Mersen SA 11,851 437,870 #* METabolic EXplorer SA 29,546 81,827 Metropole Television SA 20,920 506,164 MGI Coutier 7,238 291,130 Natixis SA 141,854 1,030,788 #* Naturex 3,016 306,121 # Neopost SA 26,987 1,237,493 Nexans SA 24,125 1,381,985 Nexity SA 16,336 876,196 #* Nicox 7,923 115,433 * NRJ Group 5,162 68,324 # Oeneo SA 11,431 127,430 #* Onxeo SA(BPFJVR0) 5,700 26,794 #* Onxeo SA(B04P0G6) 25,529 122,130 Orange SA 225,492 3,794,325 Orpea 8,489 973,460 #* Parrot SA 8,679 103,058 PCAS 1,578 33,735 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Pernod Ricard SA 6,101 $ 846,478 Peugeot SA 136,118 2,927,997 #* Pierre & Vacances SA 4,980 278,347 Plastivaloire 7,504 192,995 PSB Industries SA 755 47,664 Publicis Groupe SA 9,458 715,180 # Rallye SA 22,424 476,559 #* Recylex SA 4,720 51,706 # Remy Cointreau SA 1,105 127,110 Renault SA 41,368 3,726,921 Rexel SA 238,651 3,779,147 Robertet SA 252 120,820 Rothschild & Co. 9,469 352,172 Rubis SCA 15,270 971,967 Samse SA 40 7,018 Sanofi 34,442 3,281,944 Sartorius Stedim Biotech 6,222 443,332 Savencia SA 3,303 328,511 Schneider Electric SE(4834108) 10,961 860,254 Schneider Electric SE(B11BPS1) 1,883 148,213 SCOR SE 76,077 3,208,612 SEB SA 7,961 1,416,296 Seche Environnement SA 944 36,876 #* Sequana SA 48,633 54,021 SES SA 53,143 1,250,145 #* SES-imagotag SA 1,158 39,558 * SFR Group SA 2,828 105,265 Societe BIC SA 1,862 218,405 * Societe des Bains de Mer et du Cercle des Etrangers a Monaco 548 21,384 Societe Generale SA 54,754 3,210,484 #* Societe Internationale de Plantations d'Heveas SA 378 37,748 Societe Marseillaise du Tunnel Prado-Carenage SA 200 4,417 Sodexo SA 4,548 537,254 * SOITEC 4,560 289,533 * Solocal Group 142,187 143,117 Somfy SA 1,665 157,778 Sopra Steria Group 6,764 1,169,646 SPIE SA 7,235 203,357 * Stallergenes Greer P.L.C. 2,696 114,585 #* Ste Industrielle d'Aviation Latecoere SA 70,090 360,757 Stef SA 2,766 307,435 STMicroelectronics NV(5962332) 195,836 3,317,889 STMicroelectronics NV(2430025) 14,700 247,695 Suez 22,409 405,182 Sword Group 4,850 199,189 Synergie SA 4,953 234,688 Tarkett SA 7,821 323,804 Technicolor SA 136,678 496,880 Teleperformance 19,734 2,749,590 Television Francaise 1 64,164 938,827 Tessi SA 94 17,224 Thales SA 9,554 1,057,703 Thermador Groupe 960 105,700 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ FRANCE -- (Continued) Total Gabon 101 $ 15,937 Total SA 189,670 9,645,416 Total SA Sponsored ADR 57 2,888 * Touax SA 388 5,732 Trigano SA 4,601 605,042 * Ubisoft Entertainment SA 63,784 4,035,965 Union Financiere de France BQE SA 730 24,952 Valeo SA 20,037 1,387,333 #* Vallourec SA 261,126 1,544,717 #* Valneva SE 24,905 86,690 Vetoquinol SA 1,402 87,131 Vicat SA 11,855 866,066 VIEL & Cie SA 11,006 75,995 Vilmorin & Cie SA 4,647 409,758 Vinci SA 17,186 1,538,944 * Virbac SA 1,525 272,189 Vivendi SA 98,598 2,278,989 Vranken-Pommery Monopole SA 394 11,347 * Worldline SA 4,965 201,784 Zodiac Aerospace 15,279 436,944 ------------ TOTAL FRANCE 156,493,719 ------------ GERMANY -- (6.1%) Aareal Bank AG 48,573 2,025,907 Adidas AG 11,271 2,574,231 * Adler Modemaerkte AG 4,316 29,923 #* ADLER Real Estate AG 5,972 93,602 ADO Properties SA 1,282 57,870 #* ADVA Optical Networking SE 25,534 194,467 #* AIXTRON SE 24,048 213,998 All for One Steeb AG 486 37,330 Allgeier SE 2,271 60,839 Allianz SE 25,753 5,489,458 Allianz SE Sponsored ADR 11,988 255,944 Amadeus Fire AG 1,760 162,566 * AS Creation Tapeten 50 1,461 Atoss Software AG 116 10,518 Aurubis AG 26,030 2,317,267 # Axel Springer SE 20,007 1,270,423 BASF SE 39,408 3,751,639 Basler AG 413 78,013 Bauer AG 6,951 192,754 # Bayer AG 7,907 1,001,510 Bayerische Motoren Werke AG 33,569 3,084,300 BayWa AG 10,916 403,950 Bechtle AG 13,772 991,323 Beiersdorf AG 3,976 436,322 # Bertrandt AG 2,701 257,231 Bijou Brigitte AG 2,005 138,820 # Bilfinger SE 26,510 1,083,219 #* Biotest AG 4,254 138,487 Borussia Dortmund GmbH & Co. KGaA 52,890 374,040 Brenntag AG 17,117 969,972 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) # CANCOM SE 7,134 $ 469,166 Carl Zeiss Meditec AG 11,534 617,570 CENIT AG 3,984 110,774 CENTROTEC Sustainable AG 8,383 185,529 Cewe Stiftung & Co. KGAA 4,154 367,585 Comdirect Bank AG 17,855 225,197 * Commerzbank AG 150,070 1,962,963 CompuGroup Medical SE 10,913 650,124 * Constantin Medien AG 11,950 26,288 Continental AG 3,798 855,566 Covestro AG 1,796 139,277 CropEnergies AG 17,051 183,363 CTS Eventim AG & Co. KGaA 17,466 809,556 Daimler AG 89,896 6,298,542 # Delticom AG 1,376 25,210 Deutsche Bank AG(5750355) 2,154 38,358 Deutsche Bank AG(D18190898) 141,540 2,525,074 Deutsche Beteiligungs AG 8,326 392,249 Deutsche Boerse AG 9,256 966,486 # Deutsche EuroShop AG 6,589 274,398 Deutsche Lufthansa AG 152,127 3,266,930 Deutsche Pfandbriefbank AG 49,376 650,578 Deutsche Post AG 27,702 1,074,631 Deutsche Telekom AG 169,229 3,091,599 Deutsche Telekom AG Sponsored ADR 16,349 298,369 Deutsche Wohnen AG 28,338 1,122,971 Deutz AG 67,408 500,424 * Dialog Semiconductor P.L.C. 25,866 1,127,165 DIC Asset AG 11,458 123,565 # Diebold Nixdorf AG 869 73,969 DMG Mori AG 10,818 638,876 Dr Hoenle AG 1,129 47,666 Draegerwerk AG & Co. KGaA 2,421 196,976 Drillisch AG 9,813 656,434 Duerr AG 9,489 1,156,110 E.ON SE 588,434 5,821,228 Eckert & Ziegler AG 2,499 105,795 EDAG Engineering Group AG 1,715 27,225 Elmos Semiconductor AG 10,591 258,186 # ElringKlinger AG 25,983 453,252 * Euromicron AG 4,826 48,880 * Evotec AG 26,184 377,307 # Fielmann AG 7,546 606,051 * First Sensor AG 3,082 50,602 Francotyp-Postalia Holding AG Class A 2,977 19,693 Fraport AG Frankfurt Airport Services Worldwide 20,490 2,051,849 Freenet AG 52,793 1,782,019 Fresenius Medical Care AG & Co. KGaA 10,963 1,033,816 Fresenius Medical Care AG & Co. KGaA ADR 4,254 200,278 Fresenius SE & Co. KGaA 4,529 382,269 Fuchs Petrolub SE 6,467 340,180 # GEA Group AG 13,743 558,531 Gerresheimer AG 19,738 1,628,939 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) # Gerry Weber International AG 20,442 $ 260,822 Gesco AG 5,593 177,296 # GFT Technologies SE 5,668 105,361 Grammer AG 8,822 501,235 # GRENKE AG 4,212 363,840 * H&R GmbH & Co. KGaA 7,923 107,819 Hamburger Hafen und Logistik AG 22,578 631,454 Hannover Rueck SE 4,064 512,953 * Hapag-Lloyd AG 6,639 262,508 HeidelbergCement AG 21,428 2,121,842 #* Heidelberger Druckmaschinen AG 177,360 603,913 Hella KGaA Hueck & Co. 24,271 1,283,389 Henkel AG & Co. KGaA 1,781 224,066 * Highlight Communications AG 8,842 52,787 Hochtief AG 4,713 841,240 * HolidayCheck Group AG 22,280 79,203 Hornbach Baumarkt AG 7,020 260,958 Hugo Boss AG 19,827 1,495,517 Indus Holding AG 11,192 837,673 Infineon Technologies AG 11,283 245,025 Infineon Technologies AG ADR 44,524 967,952 Innogy SE 1,943 81,606 Isra Vision AG 1,564 286,409 Jenoptik AG 25,228 695,082 # K+S AG 146,988 3,822,153 KION Group AG 18,469 1,602,616 Kloeckner & Co. SE 76,269 843,255 Koenig & Bauer AG 10,134 793,881 * Kontron AG 39,265 161,702 # Krones AG 4,171 518,950 KSB AG 37 20,930 KWS Saat SE 978 397,286 Lanxess AG 42,713 3,293,765 LEG Immobilien AG 8,891 854,918 Leifheit AG 3,878 153,582 Leoni AG 28,074 1,660,534 Linde AG 6,050 1,154,102 #* LPKF Laser & Electronics AG 8,623 93,902 MAN SE 1,923 212,952 #* Manz AG 2,130 84,515 #* Medigene AG 1,746 21,244 Merck KGaA 3,932 431,465 Metro AG 44,681 502,097 * Metro Wholesale & Food Specialist AG 44,681 902,626 MLP AG 42,958 314,667 MTU Aero Engines AG 15,704 2,301,481 Muenchener Rueckversicherungs-Gesellschaft AG 10,204 2,191,813 Nemetschek SE 7,104 551,270 Nexus AG 2,861 88,029 #* Nordex SE 20,754 283,379 Norma Group SE 17,117 1,038,035 OHB SE 4,708 168,720 OSRAM Licht AG 27,767 2,313,977 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) # paragon AG 963 $ 69,942 * Patrizia Immobilien AG 38,442 694,425 Pfeiffer Vacuum Technology AG 4,509 764,642 PNE Wind AG 56,123 175,806 Progress-Werk Oberkirch AG 1,001 50,952 # ProSiebenSat.1 Media SE 10,357 413,804 Puma SE 972 389,670 QIAGEN NV(BYXS699) 33,014 1,095,051 QIAGEN NV(N72482123) 12,402 407,282 # QSC AG 78,252 172,011 R Stahl AG 1,041 39,429 Rational AG 971 609,728 Rheinmetall AG 22,813 2,276,508 # RHOEN-KLINIKUM AG 27,136 853,947 # RIB Software SE 17,203 307,329 RTL Group SA 2,466 191,845 * RWE AG 247,438 5,213,660 # S&T AG 7,176 125,442 # SAF-Holland SA 28,331 500,588 Salzgitter AG 30,000 1,345,940 SAP SE 10,370 1,098,029 * Schaltbau Holding AG 2,774 121,581 Secunet Security Networks AG 753 89,163 #* SGL Carbon SE 16,120 203,326 SHW AG 3,890 163,831 Siemens AG 20,802 2,822,864 * Siltronic AG 5,693 619,067 # Sixt Leasing SE 6,884 163,081 Sixt SE 10,681 755,014 # SMA Solar Technology AG 5,887 213,497 * SMT Scharf AG 508 7,125 Softing AG 444 6,122 Software AG 20,779 908,522 Stabilus SA 2,375 197,490 # Stada Arzneimittel AG 36,588 2,848,720 Stroeer SE & Co. KGaA 9,336 601,897 Suedzucker AG 57,029 1,217,193 #* Suess MicroTec AG 17,284 249,829 Surteco SE 8,145 240,320 # Symrise AG 7,136 499,632 TAG Immobilien AG 36,688 602,009 Takkt AG 19,112 469,290 * Talanx AG 21,771 897,774 Technotrans AG 3,069 150,981 * Tele Columbus AG 4,660 53,485 # Telefonica Deutschland Holding AG 91,997 475,234 # ThyssenKrupp AG 13,626 404,712 TLG Immobilien AG 15,653 339,492 * Tom Tailor Holding SE 28,208 236,586 Traffic Systems SE 1,564 30,254 Uniper SE 144,960 2,987,477 United Internet AG 12,953 788,579 VERBIO Vereinigte BioEnergie AG 16,885 192,057 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) Volkswagen AG 4,291 $ 674,741 * Vossloh AG 6,321 420,414 # VTG AG 9,755 489,053 Wacker Chemie AG 9,036 1,121,405 Wacker Neuson SE 23,068 619,273 Washtec AG 5,153 413,487 Wirecard AG 1,510 115,558 Wuestenrot & Wuerttembergische AG 6,774 174,943 XING AG 808 237,452 Zeal Network SE 4,915 135,474 ------------ TOTAL GERMANY 155,124,852 ------------ HONG KONG -- (2.9%) #* 13 Holdings, Ltd. (The) 321,000 41,949 # Aeon Credit Service Asia Co., Ltd. 38,000 28,976 Aeon Stores Hong Kong Co., Ltd. 22,000 19,616 Agritrade Resources, Ltd. 655,000 161,027 AIA Group, Ltd. 325,600 2,561,008 Alco Holdings, Ltd. 240,000 62,011 Allied Group, Ltd. 6,000 36,695 Allied Properties HK, Ltd. 1,336,540 292,285 * Anxian Yuan China Holdings, Ltd. 580,000 4,078 * APAC Resources, Ltd. 87,317 11,163 * Applied Development Holdings, Ltd. 555,000 37,641 APT Satellite Holdings, Ltd. 286,000 141,082 Asia Financial Holdings, Ltd. 136,000 74,480 Asia Satellite Telecommunications Holdings, Ltd. 39,000 39,900 Asia Standard International Group, Ltd. 426,000 123,657 Asian Growth Properties, Ltd. 131,871 47,803 ASM Pacific Technology, Ltd. 50,300 650,064 # Associated International Hotels, Ltd. 10,000 30,724 #* Auto Italia Holdings 875,000 8,750 # Bank of East Asia, Ltd. (The) 106,765 456,705 BeijingWest Industries International, Ltd. 140,000 25,614 BOC Hong Kong Holdings, Ltd. 143,000 703,056 Bonjour Holdings, Ltd. 596,200 28,610 Bossini International Holdings, Ltd. 724,000 42,651 # Bright Smart Securities & Commodities Group, Ltd. 394,000 116,300 * Brightoil Petroleum Holdings, Ltd. 1,352,000 351,313 * Brockman Mining, Ltd. 873,840 12,870 * Burwill Holdings, Ltd. 2,486,000 66,443 Cafe de Coral Holdings, Ltd. 94,000 302,559 * Cash Financial Services Group, Ltd. 300,000 9,788 Cathay Pacific Airways, Ltd. 640,000 1,002,728 CCT Fortis Holdings, Ltd. 72,000 9,502 Century City International Holdings, Ltd. 1,208,000 114,256 CGN Mining Co., Ltd. 450,000 36,246 Chen Hsong Holdings 48,000 14,761 Cheuk Nang Holdings, Ltd. 21,817 14,522 Chevalier International Holdings, Ltd. 30,055 50,198 * China Best Group Holding, Ltd. 1,760,000 24,319 * China Chuanglian Education Financial Group, Ltd. 660,000 10,026 China Display Optoelectronics Technology Holdings, Ltd. 88,000 13,153 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) * China Energy Development Holdings, Ltd. 6,602,000 $ 77,741 * China Ever Grand Financial Leasing Group Co., Ltd. 610,000 4,842 China Flavors & Fragrances Co., Ltd. 188,437 56,667 * China Fortune Financial Group, Ltd. 1,430,000 36,558 * China Healthcare Enterprise Group, Ltd. 1,780,000 30,107 #* China LNG Group, Ltd. 6,960,000 111,370 * China Ludao Technology Co., Ltd. 100,000 21,754 * China Medical & Healthcare Group, Ltd. 620,000 28,928 # China Metal International Holdings, Inc. 206,000 77,776 China Motor Bus Co., Ltd. 1,200 15,739 * China National Culture Group, Ltd. 5,220,000 11,352 #* China Soft Power Technology Holdings, Ltd. 1,550,449 23,581 * China Solar Energy Holdings, Ltd. 64,000 277 * China Star Entertainment, Ltd. 374,000 24,896 * China Strategic Holdings, Ltd. 10,415,000 139,924 China Ting Group Holdings, Ltd. 226,000 11,415 * China Wah Yan Healthcare, Ltd. 248,950 732 # Chinese Estates Holdings, Ltd. 56,000 94,159 * Chinlink International Holdings, Ltd. 280,800 40,955 Chinney Investments, Ltd. 112,000 56,588 Chong Hing Bank, Ltd. 44,000 89,734 Chow Sang Sang Holdings International, Ltd. 217,000 506,723 Chow Tai Fook Jewellery Group, Ltd. 188,200 195,537 Chuang's China Investments, Ltd. 850,000 75,035 Chuang's Consortium International, Ltd. 790,925 184,137 CITIC Telecom International Holdings, Ltd. 1,665,000 506,900 CK Hutchison Holdings, Ltd. 167,460 2,203,625 CK Infrastructure Holdings, Ltd. 22,000 205,055 CK Life Sciences Intl Holdings, Inc. 1,358,000 111,103 # CMBC Capital Holdings, Ltd. 2,980,000 143,071 * CMMB Vision Holdings, Ltd. 1,696,000 84,615 CNQC International Holdings, Ltd. 297,500 94,453 CNT Group, Ltd. 518,000 32,453 #* Common Splendor International Health Industry Group, Ltd. 550,000 41,531 * Continental Holdings, Ltd. 1,520,000 20,257 #* Convoy Global Holdings, Ltd. 5,166,000 116,986 # Cowell e Holdings, Inc. 191,000 78,116 * CP Lotus Corp. 260,000 5,065 * Crocodile Garments 714,000 91,382 # Cross-Harbour Holdings, Ltd. (The) 29,048 44,104 CSI Properties, Ltd. 5,271,515 279,979 CW Group Holdings, Ltd. 443,000 74,265 Dah Sing Banking Group, Ltd. 319,795 684,876 Dah Sing Financial Holdings, Ltd. 135,866 961,376 Dickson Concepts International, Ltd. 34,500 13,024 * Ding He Mining Holdings, Ltd. 3,048,000 14,810 Dynamic Holdings, Ltd. 2,000 2,073 Eagle Nice International Holdings, Ltd. 242,000 100,001 Emperor Capital Group, Ltd. 2,145,000 191,901 Emperor Entertainment Hotel, Ltd. 570,000 149,555 Emperor International Holdings, Ltd. 1,253,750 484,490 * Emperor Watch & Jewellery, Ltd. 2,400,000 104,482 #* Enerchina Holdings, Ltd. 5,527,500 131,284 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) * Energy International Investments Holdings, Ltd. 480,000 $ 10,269 * ENM Holdings, Ltd. 812,000 54,062 * Esprit Holdings, Ltd. 1,241,599 611,772 * Eternity Investment, Ltd. 1,730,000 41,384 # Fairwood Holdings, Ltd. 24,500 101,311 Far East Consortium International, Ltd. 1,136,439 626,561 # FIH Mobile, Ltd. 2,063,000 689,299 First Pacific Co., Ltd. 1,145,200 857,063 * First Shanghai Investments, Ltd. 720,000 97,483 # Fountain SET Holdings, Ltd. 772,000 101,728 * Freeman FinTech Corp., Ltd. 1,220,000 78,036 Future Bright Holdings, Ltd. 348,000 31,167 * Future World Financial Holdings, Ltd. 49,963 857 * G-Resources Group, Ltd. 19,963,800 260,645 Galaxy Entertainment Group, Ltd. 138,000 852,026 #* GCL New Energy Holdings, Ltd. 4,532,000 208,682 Genting Hong Kong, Ltd. 400,000 115,783 Get Nice Financial Group, Ltd. 296,150 48,490 Get Nice Holdings, Ltd. 4,326,000 152,144 Giordano International, Ltd. 852,000 474,114 * Global Brands Group Holding, Ltd. 4,354,000 412,018 Glorious Sun Enterprises, Ltd. 447,000 52,113 Gold Peak Industries Holdings, Ltd. 81,000 7,940 #* Gold-Finance Holdings, Ltd. 320,000 65,869 Golden Resources Development International, Ltd. 90,000 5,869 #* Good Resources Holdings, Ltd. 2,210,000 117,200 Great Eagle Holdings, Ltd. 209,568 1,149,252 Guangnan Holdings, Ltd. 154,000 21,290 Guoco Group, Ltd. 1,000 11,723 # Guotai Junan International Holdings, Ltd. 1,201,000 369,740 # Haitong International Securities Group, Ltd. 935,407 539,094 Hang Lung Group, Ltd. 289,000 1,097,762 Hang Lung Properties, Ltd. 479,000 1,191,315 Hang Seng Bank, Ltd. 22,400 486,989 Hanison Construction Holdings, Ltd. 201,459 39,413 * Hao Tian Development Group, Ltd. 2,093,932 69,589 Harbour Centre Development, Ltd. 53,000 99,120 Henderson Land Development Co., Ltd. 148,484 858,198 * Henry Group Holdings, Ltd. 102,000 21,383 HK Electric Investments & HK Electric Investments, Ltd. 119,288 113,588 HKBN, Ltd. 297,000 293,572 * HKR International, Ltd. 678,171 376,579 HKT Trust & HKT, Ltd. 346,000 453,247 Hon Kwok Land Investment Co., Ltd. 110,000 67,956 Hong Kong Aircraft Engineering Co., Ltd. 20,400 142,274 * Hong Kong Building & Loan Agency, Ltd. (The) 816,000 22,128 # Hong Kong Ferry Holdings Co., Ltd. 21,000 24,512 * Hong Kong Television Network, Ltd. 466,000 159,787 # Hongkong & Shanghai Hotels, Ltd. (The) 296,000 526,163 Hongkong Chinese, Ltd. 164,000 30,022 Hop Hing Group Holdings, Ltd. 1,832,000 53,912 Hopewell Holdings, Ltd. 359,500 1,375,004 #* Hsin Chong Group Holdings, Ltd. 1,532,000 51,486 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) * Huan Yue Interactive Holdings, Ltd. 121,000 $ 9,445 #* Huarong Investment Stock Corp., Ltd. 175,000 25,347 Hung Hing Printing Group, Ltd. 150,000 31,857 Hutchison Telecommunications Hong Kong Holdings, Ltd. 944,000 362,235 Hysan Development Co., Ltd. 56,000 270,802 * I-CABLE Communications, Ltd. 358,000 24,717 IGG, Inc. 172,000 289,349 #* Imagi International Holdings, Ltd. 112,799 8,787 * International Standard Resources Holdings, Ltd. 1,624,500 15,172 * iOne Holdings, Ltd. 700,000 17,094 # IPE Group, Ltd. 365,000 91,083 #* IRC, Ltd. 1,109,066 51,108 IT, Ltd. 298,000 148,661 ITC Properties Group, Ltd. 429,040 167,401 Johnson Electric Holdings, Ltd. 204,625 727,114 Kader Holdings Co., Ltd. 214,000 21,928 Karrie International Holdings, Ltd. 118,000 18,710 Kerry Logistics Network, Ltd. 317,750 456,923 Kerry Properties, Ltd. 243,000 851,536 Kingmaker Footwear Holdings, Ltd. 204,000 60,027 # Kingston Financial Group, Ltd. 1,610,000 560,224 * Kong Sun Holdings, Ltd. 275,000 11,942 Kowloon Development Co., Ltd. 339,000 373,432 * Kwan On Holdings, Ltd. 180,000 29,223 Kwoon Chung Bus Holdings, Ltd. 42,000 24,989 L'Occitane International SA 125,500 290,122 * L'sea Resources International Holdings, Ltd. 710,000 9,021 Lai Sun Development Co., Ltd. 11,295,666 418,795 Lai Sun Garment International, Ltd. 100,000 44,039 #* Landing International Development, Ltd. 51,510,000 592,647 # Li & Fung, Ltd. 2,202,000 805,506 Lifestyle International Holdings, Ltd. 251,000 341,610 Lippo China Resources, Ltd. 2,772,000 99,303 Lippo, Ltd. 9,000 5,414 Liu Chong Hing Investment, Ltd. 192,000 317,432 Luk Fook Holdings International, Ltd. 211,000 774,699 Lung Kee Bermuda Holdings 106,000 49,240 #* Macau Legend Development, Ltd. 1,755,000 302,899 Magnificent Hotel Investment, Ltd. 818,000 23,754 Man Wah Holdings, Ltd. 894,400 772,046 * Mason Group Holdings, Ltd. 9,723,999 129,282 # Master Glory Group, Ltd.(BYTP1T9) 7,115,708 97,267 # Master Glory Group, Ltd.(BYTP1T9) 567,744 7,778 Melco International Development, Ltd. 470,000 1,110,607 Melco Resorts & Entertainment, Ltd. ADR 10,831 218,786 # MGM China Holdings, Ltd. 76,400 150,320 * Midland Holdings, Ltd. 358,584 95,368 * Midland IC&I, Ltd. 179,292 9,055 Ming Fai International Holdings, Ltd. 146,000 22,976 Miramar Hotel & Investment 132,000 302,398 Modern Dental Group, Ltd. 29,000 11,125 * Mongolian Mining Corp. 4,708,499 165,981 # MTR Corp., Ltd. 40,412 233,362 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) NagaCorp, Ltd. 1,270,000 $ 774,123 * National United Resources Holdings, Ltd. 350,000 1,192 * Neo-Neon Holdings, Ltd. 205,000 22,279 * Neptune Group, Ltd. 355,500 15,227 * NetMind Financial Holdings, Ltd. 13,168,000 62,310 * New Sports Group, Ltd. 2,890,000 13,334 * New Times Energy Corp., Ltd. 1,192,000 37,671 New World Development Co., Ltd. 1,305,418 1,762,897 * Newocean Energy Holdings, Ltd. 750,000 221,685 * Next Digital, Ltd. 436,000 21,224 * Nine Express, Ltd. 1,062,000 38,697 # NWS Holdings, Ltd. 442,830 847,166 * O Luxe Holdings, Ltd. 938,700 174,125 * Orange Sky Golden Harvest Entertainment Holdings, Ltd. 945,000 119,683 * Orient Overseas International, Ltd. 195,500 1,819,399 Oriental Watch Holdings 198,000 41,784 * Pacific Andes International Holdings, Ltd. 1,218,336 4,274 * Pacific Basin Shipping, Ltd. 2,987,000 652,659 * Pacific Plywood Holdings, Ltd. 280,000 16,123 Pacific Textiles Holdings, Ltd. 182,000 205,825 Paliburg Holdings, Ltd. 246,000 105,119 * Pan Asia Environmental Protection Group, Ltd. 98,000 9,273 #* Paradise Entertainment, Ltd. 340,000 44,424 PCCW, Ltd. 1,069,013 601,189 * Pearl Oriental Oil, Ltd. 933,800 20,792 Perfect Shape Beauty Technology, Ltd. 56,000 6,449 Pico Far East Holdings, Ltd. 430,000 177,238 Playmates Holdings, Ltd. 960,000 136,374 Playmates Toys, Ltd. 600,000 102,102 Polytec Asset Holdings, Ltd. 930,000 80,345 Prada SpA 26,200 93,528 PT International Development Co., Ltd. 578,000 39,220 Public Financial Holdings, Ltd. 164,000 76,181 PuraPharm Corp., Ltd. 70,000 31,100 * PYI Corp., Ltd. 2,456,000 54,047 Regal Hotels International Holdings, Ltd. 296,000 231,830 * Regent Pacific Group, Ltd. 940,000 34,852 # Regina Miracle International Holdings, Ltd. 155,000 136,505 #* Rentian Technology Holdings, Ltd. 1,390,000 67,595 SA SA International Holdings, Ltd. 413,776 151,986 Safety Godown Co., Ltd. 28,000 71,687 Samsonite International SA 175,800 736,204 SAS Dragon Holdings, Ltd. 294,000 86,937 # SEA Holdings, Ltd. 104,000 122,466 * SEEC Media Group, Ltd. 3,762,000 17,326 Shangri-La Asia, Ltd. 605,666 983,589 # Shenwan Hongyuan HK, Ltd. 212,500 80,081 * Shougang Concord Grand Group, Ltd. 253,000 7,384 Shun Ho Property Investments, Ltd. 13,497 5,319 * Shun Tak Holdings, Ltd. 1,321,249 569,799 * Silver base Group Holdings, Ltd. 723,000 48,092 * Sincere Watch Hong Kong, Ltd. 4,770,000 101,937 * Singamas Container Holdings, Ltd. 1,134,000 162,448 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) Sino Land Co., Ltd. 516,752 $ 852,264 SITC International Holdings Co., Ltd. 574,000 477,554 Sitoy Group Holdings, Ltd. 239,000 52,287 SJM Holdings, Ltd. 696,000 695,813 Sky Light Holdings, Ltd. 139,000 27,547 SmarTone Telecommunications Holdings, Ltd. 270,166 354,803 * SOCAM Development, Ltd. 171,768 52,074 * Solartech International Holdings, Ltd. 1,760,000 114,861 * Solomon Systech International, Ltd. 568,000 25,832 Soundwill Holdings, Ltd. 69,000 172,953 * South China Financial Holdings, Ltd. 9,000,000 59,857 * South China Holdings Co., Ltd. 1,200,000 46,050 Stella International Holdings, Ltd. 354,000 606,740 * Stelux Holdings International, Ltd. 162,800 13,959 Strong Petrochemical Holdings, Ltd. 264,000 54,445 * Success Universe Group, Ltd. 300,000 8,276 #* Summit Ascent Holdings, Ltd. 192,000 43,449 Sun Hung Kai & Co., Ltd. 569,341 375,985 Sun Hung Kai Properties, Ltd. 95,282 1,474,227 * Suncorp Technologies, Ltd. 2,920,000 9,694 Swire Pacific, Ltd. Class A 99,000 986,451 Swire Pacific, Ltd. Class B 132,500 234,667 TAI Cheung Holdings, Ltd. 191,000 208,254 * Tai United Holdings, Ltd. 240,000 37,025 * Talent Property Group, Ltd. 2,925,000 35,934 Tao Heung Holdings, Ltd. 169,000 35,053 Techtronic Industries Co., Ltd. 218,000 968,637 Television Broadcasts, Ltd. 167,000 611,316 Texwinca Holdings, Ltd. 664,000 402,829 * Tom Group, Ltd. 130,000 31,975 # Town Health International Medical Group, Ltd. 656,000 49,563 Tradelink Electronic Commerce, Ltd. 118,000 22,348 Transport International Holdings, Ltd. 164,800 555,785 * Trinity, Ltd. 840,000 48,387 * TSC Group Holdings, Ltd. 350,000 30,912 Tsui Wah Holdings, Ltd. 100,000 15,472 #* United Laboratories International Holdings, Ltd. (The) 573,000 359,133 * Universe International Financial Holdings, Ltd. 410,000 53,525 * Up Energy Development Group, Ltd. 590,000 1,828 * Value Convergence Holdings, Ltd. 384,000 63,870 Value Partners Group, Ltd. 18,000 16,724 Vantage International Holdings, Ltd. 314,000 44,913 Varitronix International, Ltd. 231,000 123,340 Vedan International Holdings, Ltd. 420,000 49,446 Victory City International Holdings, Ltd. 2,755,740 93,427 # Vitasoy International Holdings, Ltd. 326,000 696,649 * VS International Group, Ltd. 376,000 13,965 # VST Holdings, Ltd. 505,200 134,092 VTech Holdings, Ltd. 41,200 595,929 Wai Kee Holdings, Ltd. 46,000 20,862 Wang On Group, Ltd. 8,600,000 78,092 Water Oasis Group, Ltd. 98,000 13,307 WH Group, Ltd. 763,500 715,889 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- HONG KONG -- (Continued) Wharf Holdings, Ltd. (The) 130,000 $ 1,104,953 Wheelock & Co., Ltd. 186,000 1,401,602 Win Hanverky Holdings, Ltd. 436,000 61,351 * Winfull Group Holdings, Ltd. 896,000 22,476 Wing On Co. International, Ltd. 30,000 101,213 Wing Tai Properties, Ltd. 138,000 94,443 Wonderful Sky Financial Group Holdings, Ltd. 218,000 56,343 Wynn Macau, Ltd. 85,200 184,083 Xinyi Glass Holdings, Ltd. 986,000 1,018,831 * Yat Sing Holdings, Ltd. 125,000 58,258 # Yeebo International Holdings, Ltd. 138,000 75,722 YGM Trading, Ltd. 8,000 7,227 * YT Realty Group, Ltd. 26,000 8,156 * Yuan Heng Gas Holdings, Ltd. 392,000 31,109 Yue Yuen Industrial Holdings, Ltd. 181,000 747,288 Yugang International, Ltd. 4,976,000 121,099 * ZH International Holdings, Ltd. 800,000 23,426 ----------- TOTAL HONG KONG 74,465,753 ----------- IRELAND -- (0.5%) * Bank of Ireland Group P.L.C. 241,169 2,012,744 C&C Group P.L.C. 190,151 688,737 CRH P.L.C. 4,854 170,379 CRH P.L.C. Sponsored ADR 68,904 2,416,463 * FBD Holdings P.L.C. 8,425 84,287 Glanbia P.L.C. 36,346 752,408 IFG Group P.L.C. 20,762 43,030 * Independent News & Media P.L.C. 208,581 27,598 Irish Continental Group P.L.C. 51,155 324,981 * Kenmare Resources P.L.C. 356 1,191 Kerry Group P.L.C. Class A 8,057 729,260 Kingspan Group P.L.C. 40,662 1,354,404 Paddy Power Betfair P.L.C.(BWXC0Z1) 8,908 889,787 Paddy Power Betfair P.L.C.(BWT6H89) 17,653 1,768,692 Smurfit Kappa Group P.L.C. 40,275 1,197,820 ----------- TOTAL IRELAND 12,461,781 ----------- ISRAEL -- (0.7%) * ADO Group, Ltd. 2,618 36,797 * Africa Israel Investments, Ltd. 73,121 5,586 * Africa Israel Properties, Ltd. 1,260 25,090 * Airport City, Ltd. 11,537 152,429 Albaad Massuot Yitzhak, Ltd. 841 13,676 * Allot Communications, Ltd. 16,771 83,364 Alony Hetz Properties & Investments, Ltd. 3,047 30,410 Alrov Properties and Lodgings, Ltd. 3,637 104,622 Amot Investments, Ltd. 21,324 113,186 Ashtrom Properties, Ltd. 12,133 53,166 * AudioCodes, Ltd. 4,091 27,878 Avgol Industries 1953, Ltd. 26,511 32,537 Azorim-Investment Development & Construction Co., * Ltd. 64,324 61,420 Azrieli Group, Ltd. 3,281 179,286 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ISRAEL -- (Continued) Bank Hapoalim BM 280,102 $1,940,211 Bank Leumi Le-Israel BM 454,410 2,183,052 Bayside Land Corp. 192 82,660 Bezeq The Israeli Telecommunication Corp., Ltd. 127,225 188,884 Big Shopping Centers, Ltd. 959 67,184 Blue Square Real Estate, Ltd. 1,417 64,803 * Brack Capital Properties NV 126 12,560 Carasso Motors, Ltd. 4,363 41,088 #* Cellcom Israel, Ltd.(M2196U109) 11,781 109,563 * Cellcom Israel, Ltd.(B23WQK8) 10,729 99,606 * Ceragon Networks, Ltd. 21,364 49,604 * Clal Biotechnology Industries, Ltd. 22,507 23,882 * Clal Insurance Enterprises Holdings, Ltd. 15,430 249,828 * Compugen, Ltd. 6,312 24,859 Delek Automotive Systems, Ltd. 12,989 107,396 Delek Group, Ltd. 546 111,814 Delta-Galil Industries, Ltd. 6,683 185,079 Direct Insurance Financial Investments, Ltd. 11,694 125,384 El Al Israel Airlines 236,525 225,056 Elbit Systems, Ltd.(6308913) 2,463 310,992 Elbit Systems, Ltd.(M3760D101) 1,367 172,269 Electra Consumer Products 1970, Ltd. 3,901 76,498 Electra, Ltd. 1,243 245,804 Elron Electronic Industries, Ltd. 7,966 40,456 Energix-Renewable Energies, Ltd. 57,548 46,990 * Evogene, Ltd. 9,552 46,717 First International Bank Of Israel, Ltd. 27,055 493,795 FMS Enterprises Migun, Ltd. 1,604 59,556 Formula Systems 1985, Ltd. 7,015 257,323 Fox Wizel, Ltd. 3,538 73,397 Frutarom Industries, Ltd. 8,615 610,825 * Gilat Satellite Networks, Ltd. 18,568 101,570 * Hadera Paper, Ltd. 1,646 100,590 Hamlet Israel-Canada, Ltd. 2,215 32,039 Harel Insurance Investments & Financial Services, Ltd. 85,948 511,087 Hilan, Ltd. 3,064 55,617 IDI Insurance Co., Ltd. 1,303 74,302 * Industrial Buildings Corp., Ltd. 6,741 9,134 Inrom Construction Industries, Ltd. 8,586 39,663 Israel Chemicals, Ltd. 70,349 335,234 * Israel Discount Bank, Ltd. Class A 401,234 1,034,337 Israel Land Development Co., Ltd. (The) 1,173 10,950 Issta Lines, Ltd. 665 14,774 * Jerusalem Oil Exploration 6,588 349,553 * Kamada, Ltd. 12,812 57,700 * Kenon Holdings, Ltd. 8,647 120,352 Kerur Holdings, Ltd. 2,045 57,773 Magic Software Enterprises, Ltd. 765 6,073 Malam - Team, Ltd. 210 21,785 Matrix IT, Ltd. 39,848 409,532 # Maytronics, Ltd. 13,486 48,193 * Mazor Robotics, Ltd. 7,056 141,026 Mega Or Holdings, Ltd. 1,140 11,764 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ISRAEL -- (Continued) Meitav Dash Investments, Ltd. 17,994 $ 71,564 Melisron, Ltd. 3,433 175,003 Menora Mivtachim Holdings, Ltd. 17,447 211,490 Migdal Insurance & Financial Holding, Ltd. 270,497 277,473 Mivtach Shamir Holdings, Ltd. 3,588 74,412 Mizrahi Tefahot Bank, Ltd. 50,896 919,686 * Naphtha Israel Petroleum Corp., Ltd. 17,995 122,589 Neto ME Holdings, Ltd. 635 62,058 # NIice, Ltd. Sponsored ADR 3,145 234,806 * Nova Measuring Instruments, Ltd. 10,812 254,493 Oil Refineries, Ltd. 925,799 430,493 * Partner Communications Co., Ltd. 31,937 161,833 * Partner Communications Co., Ltd. ADR 10,082 49,301 Paz Oil Co., Ltd. 3,259 544,096 * Phoenix Holdings, Ltd. (The) 58,337 248,158 Plasson Industries, Ltd. 1,206 44,363 Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. 2,501 119,092 Scope Metals Group, Ltd. 2,820 78,888 Shapir Engineering and Industry, Ltd. 17,780 59,386 # Shikun & Binui, Ltd. 169,004 388,620 Shufersal, Ltd. 58,568 318,222 Strauss Group, Ltd. 6,285 120,358 Summit Real Estate Holdings, Ltd. 11,590 76,046 Tadiran Holdings, Ltd. 907 24,465 Teva Pharmaceutical Industries, Ltd. 395 12,747 Teva Pharmaceutical Industries, Ltd. Sponsored ADR 23,243 747,727 * Tower Semiconductor, Ltd.(6320605) 6,141 163,332 * Tower Semiconductor, Ltd.(M87915274) 5,885 153,893 * Union Bank of Israel 14,302 73,560 ----------- TOTAL ISRAEL 19,007,784 ----------- ITALY -- (3.1%) A2A SpA 372,305 633,335 ACEA SpA 16,036 240,725 * Aeffe SpA 6,810 14,437 Amplifon SpA 36,372 521,349 Anima Holding SpA 98,126 796,344 * Ansaldo STS SpA 28,735 394,343 * Arnoldo Mondadori Editore SpA 64,951 135,298 Ascopiave SpA 36,241 148,508 Assicurazioni Generali SpA 303,243 5,500,284 # Astaldi SpA 38,221 253,879 Atlantia SpA 19,780 601,698 Autogrill SpA 51,004 605,576 # Azimut Holding SpA 31,090 696,582 #* Banca Carige SpA 411,459 123,513 Banca Generali SpA 20,370 722,599 Banca IFIS SpA 11,339 532,146 Banca Mediolanum SpA 58,302 509,783 #* Banca Monte dei Paschi di Siena SpA 3,155 42,248 Banca Popolare di Sondrio SCPA 297,875 1,299,824 # Banca Profilo SpA 74,644 18,848 Banca Sistema SpA 4,865 12,742 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) * Banco BPM SpA 835,522 $3,043,143 Banco di Desio e della Brianza SpA 19,322 56,950 # BasicNet SpA 13,861 64,803 # BE 54,666 55,610 Biesse SpA 5,834 222,327 BPER Banca 358,068 1,967,059 Brembo SpA 56,045 861,832 Brunello Cucinelli SpA 4,517 132,689 Buzzi Unicem SpA 35,964 910,838 # Cairo Communication SpA 16,940 78,896 Cementir Holding SpA 38,268 272,600 Cerved Information Solutions SpA 62,598 717,916 CIR-Compagnie Industriali Riunite SpA 273,909 407,633 CNH Industrial NV 37,663 436,267 Credito Emiliano SpA 75,166 648,359 #* Credito Valtellinese SpA 73,743 357,468 #* d'Amico International Shipping SA 121,883 37,881 Danieli & C Officine Meccaniche SpA 8,213 211,560 Datalogic SpA 8,090 248,392 Davide Campari-Milano SpA 130,896 967,632 De' Longhi SpA 19,074 627,302 DeA Capital SpA 73,160 108,666 DiaSorin SpA 7,370 642,796 Ei Towers SpA 7,687 470,262 El.En. SpA 1,628 47,720 Emak SpA 17,586 32,876 # Enel SpA 161,430 920,843 Eni SpA 211,731 3,352,366 # Eni SpA Sponsored ADR 7,138 225,418 ERG SpA 36,608 523,110 Esprinet SpA 15,324 118,366 #* Eurotech SpA 15,195 23,407 Falck Renewables SpA 156,379 234,791 Ferrari NV 8,873 933,734 * Fiat Chrysler Automobiles NV 452,754 5,459,468 * Fincantieri SpA 347,770 410,903 FinecoBank Banca Fineco SpA 37,567 329,250 FNM SpA 128,567 81,750 * GEDI Gruppo Editoriale SpA 147,986 137,363 # Geox SpA 28,531 113,229 Gruppo MutuiOnline SpA 5,206 83,196 Hera SpA 154,976 501,129 * IMMSI SpA 199,356 108,067 Industria Macchine Automatiche SpA 6,520 646,270 Infrastrutture Wireless Italiane SpA 29,015 187,367 * Intek Group SpA 193,348 68,237 Interpump Group SpA 25,461 774,683 Intesa Sanpaolo SpA 621,281 2,138,715 Iren SpA 160,842 409,302 Italgas SpA 42,900 236,197 Italmobiliare SpA 4,217 119,803 #* Juventus Football Club SpA 222,962 156,784 La Doria SpA 5,392 65,452 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- ITALY -- (Continued) Leonardo SpA 64,144 $1,117,794 Luxottica Group SpA 2,713 156,619 # Maire Tecnimont SpA 50,031 280,685 MARR SpA 14,639 375,350 #* Mediaset SpA 190,272 743,785 Mediobanca SpA 238,002 2,483,221 Moncler SpA 17,111 459,504 OVS SpA 17,997 136,138 Parmalat SpA 79,702 288,830 Piaggio & C SpA 108,372 300,854 # Poste Italiane SpA 4,322 31,815 #* Prelios SpA 12,061 1,599 Prima Industrie SpA 2,010 62,641 Prysmian SpA 55,310 1,769,140 RAI Way SpA 2,039 11,221 Recordati SpA 28,280 1,207,147 Reno de Medici SpA 107,923 54,631 Reply SpA 1,487 314,383 #* Retelit SpA 105,518 161,992 Sabaf SpA 1,518 27,394 SAES Getters SpA 3,181 66,804 * Safilo Group SpA 26,513 203,281 #* Saipem SpA 397,176 1,629,683 Salini Impregilo SpA 96,081 337,504 # Salvatore Ferragamo SpA 18,735 543,058 Saras SpA 305,509 702,944 SAVE SpA 6,004 148,685 Servizi Italia SpA 9,572 49,416 Sesa SpA 2,814 82,116 #* Snaitech SpA 44,579 86,260 Societa Cattolica di Assicurazioni SCRL 107,349 928,285 Societa Iniziative Autostradali e Servizi SpA 22,976 316,148 #* Sogefi SpA 22,695 115,116 SOL SpA 10,697 129,829 Tamburi Investment Partners SpA 19,827 133,074 * Telecom Italia SpA 3,067,642 3,156,021 * Telecom Italia SpA Sponsored ADR 32,914 342,306 # Tenaris SA 25,512 403,663 Terna Rete Elettrica Nazionale SpA 110,241 629,780 #* Tiscali SpA 665,564 31,872 # Tod's SpA 4,012 278,724 #* Trevi Finanziaria Industriale SpA 75,599 64,363 TXT e-solutions SpA 1,190 16,964 * UniCredit SpA 235,562 4,629,715 Unione di Banche Italiane SpA 768,650 3,713,404 Unipol Gruppo Finanziario SpA 309,876 1,450,742 # UnipolSai Assicurazioni SpA 846,418 1,956,730 Vittoria Assicurazioni SpA 16,103 225,681 #* Yoox Net-A-Porter Group SpA 18,471 611,804 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ITALY -- (Continued) Zignago Vetro SpA 6,560 $ 58,367 ----------- TOTAL ITALY 78,819,820 ----------- JAPAN -- (23.1%) NJS Co., Ltd. 3,400 41,666 77 Bank, Ltd. (The) 256,000 1,319,839 A&D Co., Ltd. 15,900 66,068 ABC-Mart, Inc. 1,100 62,723 #* Access Co., Ltd. 12,600 100,569 Accretive Co., Ltd. 13,100 44,310 Achilles Corp. 12,600 221,965 #* Acom Co., Ltd. 13,200 56,214 # AD Works Co., Ltd. 13,900 5,925 Adastria Co., Ltd. 12,760 318,757 ADEKA Corp. 64,300 987,081 # Adtec Plasma Technology Co., Ltd. 3,500 61,335 Advan Co., Ltd. 8,400 75,959 Advanex, Inc. 1,400 23,889 Advantest Corp. 20,000 366,010 Aeon Co., Ltd. 193,419 2,914,438 Aeon Delight Co., Ltd. 5,100 170,371 Aeon Fantasy Co., Ltd. 5,800 178,628 AEON Financial Service Co., Ltd. 17,700 385,243 Aeon Hokkaido Corp. 14,000 78,595 Aeon Mall Co., Ltd. 6,600 125,704 * AGORA Hospitality Group Co., Ltd. 34,000 11,093 # Agro-Kanesho Co., Ltd. 5,600 76,531 Ahresty Corp. 15,300 155,773 Ai Holdings Corp. 9,600 264,499 Aica Kogyo Co., Ltd. 11,600 372,249 Aichi Bank, Ltd. (The) 5,400 300,406 Aichi Corp. 16,200 114,816 Aichi Steel Corp. 8,100 338,997 Aichi Tokei Denki Co., Ltd. 1,700 58,368 Aida Engineering, Ltd. 41,400 418,739 Ain Holdings, Inc. 6,800 490,089 Aiphone Co., Ltd. 7,500 132,414 Air Water, Inc. 27,000 522,751 Airport Facilities Co., Ltd. 14,900 81,047 Aisan Industry Co., Ltd. 26,200 234,007 Aisin Seiki Co., Ltd. 27,506 1,430,009 AIT Corp. 2,600 25,399 Aizawa Securities Co., Ltd. 20,000 128,823 Ajinomoto Co., Inc. 4,900 98,553 Ajis Co., Ltd. 2,000 40,507 * Akebono Brake Industry Co., Ltd. 53,200 175,966 Akita Bank, Ltd. (The) 103,000 297,633 # Albis Co., Ltd. 2,800 116,898 Alconix Corp. 8,000 158,206 Alfresa Holdings Corp. 10,600 195,084 # Alinco, Inc. 9,400 105,087 Alpen Co., Ltd. 12,300 224,808 # Alpha Corp. 5,800 128,823 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Alpha Systems, Inc. 3,260 $ 63,361 Alpine Electronics, Inc. 33,600 612,598 # Alps Electric Co., Ltd. 39,200 1,065,975 Alps Logistics Co., Ltd. 7,600 54,829 Altech Corp. 1,500 50,027 Amada Holdings Co., Ltd. 31,600 360,907 Amano Corp. 25,900 589,437 Amiyaki Tei Co., Ltd. 2,800 106,907 Amuse, Inc. 7,300 200,883 Anest Iwata Corp. 16,100 149,986 # Anicom Holdings, Inc. 3,600 91,129 Anritsu Corp. 53,400 430,240 AOI Electronic Co., Ltd. 3,300 134,400 AOI TYO Holdings, Inc. 11,088 114,926 AOKI Holdings, Inc. 31,978 413,925 Aomori Bank, Ltd. (The) 130,000 454,786 Aoyama Trading Co., Ltd. 35,300 1,230,459 # Aoyama Zaisan Networks Co., Ltd. 5,900 51,049 Aozora Bank, Ltd. 128,000 491,910 # Apamanshop Holdings Co., Ltd. 5,900 42,476 Arakawa Chemical Industries, Ltd. 10,800 189,749 # Arata Corp. 4,700 166,187 Araya Industrial Co., Ltd. 25,000 44,868 Arcland Sakamoto Co., Ltd. 19,200 262,829 Arcland Service Holdings Co., Ltd. 2,000 34,798 Arcs Co., Ltd. 16,289 352,262 # Ardepro Co., Ltd. 29,900 38,460 Argo Graphics, Inc. 4,700 114,825 Ariake Japan Co., Ltd. 3,200 229,413 Arisawa Manufacturing Co., Ltd. 27,000 229,865 #* Arrk Corp. 16,100 17,512 Artnature, Inc. 16,800 108,289 As One Corp. 3,100 154,857 Asahi Broadcasting Corp. 6,200 46,658 Asahi Co., Ltd. 9,400 113,041 Asahi Diamond Industrial Co., Ltd. 37,500 283,606 Asahi Glass Co., Ltd. 40,600 1,708,832 Asahi Group Holdings, Ltd. 7,500 305,709 Asahi Holdings, Inc. 17,900 336,379 Asahi Intecc Co., Ltd. 10,000 449,053 Asahi Kasei Corp. 241,000 2,752,204 Asahi Kogyosha Co., Ltd. 3,300 99,455 Asahi Yukizai Corp. 49,000 116,747 Asante, Inc. 1,600 27,840 Asanuma Corp. 42,000 128,651 Asatsu-DK, Inc. 17,400 446,017 # Ashimori Industry Co., Ltd. 43,000 137,065 Asia Pile Holdings Corp. 16,600 112,509 Asics Corp. 11,900 216,314 ASKA Pharmaceutical Co., Ltd. 12,800 191,581 # ASKUL Corp. 5,200 159,355 Astellas Pharma, Inc. 16,800 213,957 Asti Corp. 9,000 49,263 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Asunaro Aoki Construction Co., Ltd. 11,400 $ 97,797 # Ateam, Inc. 2,600 66,622 # Atom Corp. 19,000 135,793 Atsugi Co., Ltd. 112,000 124,984 Autobacs Seven Co., Ltd. 31,000 516,521 Avex Group Holdings, Inc. 23,100 303,766 Awa Bank, Ltd. (The) 130,000 853,802 Axell Corp. 4,700 31,785 Axial Retailing, Inc. 6,100 239,204 Azbil Corp. 15,100 596,477 Bandai Namco Holdings, Inc. 16,200 563,166 Bando Chemical Industries, Ltd. 25,500 260,911 Bank of Iwate, Ltd. (The) 11,400 443,739 Bank of Kochi, Ltd. (The) 45,000 51,386 Bank of Kyoto, Ltd. (The) 83,000 795,565 # Bank of Nagoya, Ltd. (The) 11,000 404,648 Bank of Okinawa, Ltd. (The) 15,800 623,825 Bank of Saga, Ltd. (The) 111,000 262,544 Bank of the Ryukyus, Ltd. 20,100 286,902 Belc Co., Ltd. 5,400 245,287 Bell System24 Holdings, Inc. 4,100 46,040 Belluna Co., Ltd. 32,400 372,578 Benefit One, Inc. 4,000 162,437 Benesse Holdings, Inc. 13,200 505,188 Bic Camera, Inc. 31,100 360,956 BML, Inc. 13,500 277,730 # Bookoff Corp. 4,100 30,052 BP Castrol K.K. 2,700 45,158 Bridgestone Corp. 23,000 967,644 # Broadband Tower, Inc. 19,300 46,767 Broadleaf Co., Ltd. 27,800 186,791 # BRONCO BILLY Co., Ltd. 3,900 95,991 Brother Industries, Ltd. 100,600 2,566,756 Bunka Shutter Co., Ltd. 46,800 402,638 C Uyemura & Co., Ltd. 1,400 80,321 CAC Holdings Corp. 10,900 103,586 Calbee, Inc. 3,300 136,811 Can Do Co., Ltd. 3,700 57,259 Canon Electronics, Inc. 14,500 282,332 Canon Marketing Japan, Inc. 17,500 386,550 Canon, Inc. 21,700 754,961 Canon, Inc. Sponsored ADR 7,971 278,427 Capcom Co., Ltd. 13,600 336,874 Career Design Center Co., Ltd. 1,900 23,655 # Carlit Holdings Co., Ltd. 13,800 80,225 # Casio Computer Co., Ltd. 18,800 307,952 Cawachi, Ltd. 10,600 261,620 Central Automotive Products, Ltd. 1,300 18,346 Central Glass Co., Ltd. 131,000 574,758 # Central Security Patrols Co., Ltd. 5,400 99,251 Central Sports Co., Ltd. 2,400 101,881 Chiba Bank, Ltd. (The) 140,000 1,004,423 Chiba Kogyo Bank, Ltd. (The) 40,100 206,794 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) CHIMNEY Co., Ltd. 2,100 $ 53,561 Chino Corp. 3,300 37,403 Chiyoda Co., Ltd. 5,700 148,512 Chiyoda Corp. 113,000 678,694 Chiyoda Integre Co., Ltd. 8,500 182,553 Chofu Seisakusho Co., Ltd. 16,200 396,225 Chori Co., Ltd. 6,500 120,459 Chubu Shiryo Co., Ltd. 15,300 220,679 Chudenko Corp. 21,800 583,304 Chuetsu Pulp & Paper Co., Ltd. 57,000 118,850 * Chugai Mining Co., Ltd. 36,200 10,506 Chugai Ro Co., Ltd. 48,000 95,312 Chugoku Bank, Ltd. (The) 80,600 1,168,312 Chugoku Marine Paints, Ltd. 45,400 352,757 Chukyo Bank, Ltd. (The) 7,600 159,981 Chuo Spring Co., Ltd. 5,000 16,534 CI Takiron Corp. 26,000 141,611 Ci:z Holdings Co., Ltd. 5,800 208,575 Citizen Watch Co., Ltd. 183,700 1,365,841 CKD Corp. 27,600 462,421 Clarion Co., Ltd. 50,000 189,221 Cleanup Corp. 15,200 122,379 # CMIC Holdings Co., Ltd. 6,200 86,113 CMK Corp. 36,200 323,622 Coca-Cola Bottlers Japan, Inc. 14,804 446,516 Coco's Japan Co., Ltd. 1,400 27,304 Cocokara fine, Inc. 8,100 423,281 # COLOPL, Inc. 20,200 226,540 # Colowide Co., Ltd. 16,400 284,747 Computer Engineering & Consulting, Ltd. 5,400 104,738 Computer Institute of Japan, Ltd. 8,700 44,455 COMSYS Holdings Corp. 38,400 786,683 Concordia Financial Group, Ltd. 210,738 1,062,688 CONEXIO Corp. 7,800 128,466 # COOKPAD, Inc. 10,200 87,354 Corona Corp. 10,000 104,901 Cosel Co., Ltd. 11,900 146,335 Cosmo Energy Holdings Co., Ltd. 45,300 784,929 Cosmos Initia Co., Ltd. 6,700 26,909 Cosmos Pharmaceutical Corp. 1,000 212,894 Cota Co., Ltd. 1,300 14,430 # CRE, Inc. 2,300 32,054 # Create Restaurants Holdings, Inc. 9,600 98,111 Create SD Holdings Co., Ltd. 6,600 166,997 Credit Saison Co., Ltd. 40,200 774,311 Creek & River Co., Ltd. 3,500 43,234 Cresco, Ltd. 2,400 78,580 # CROOZ, Inc. 3,000 78,091 CTI Engineering Co., Ltd. 8,100 80,953 CyberAgent, Inc. 5,200 160,602 # Cybernet Systems Co., Ltd. 9,200 59,274 Cybozu, Inc. 3,600 16,465 D.A. Consortium Holdings, Inc. 10,800 140,856 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Dai Nippon Printing Co., Ltd. 79,000 $ 871,381 Dai Nippon Toryo Co., Ltd. 88,000 244,854 Dai-Dan Co., Ltd. 17,000 232,704 Dai-ichi Life Holdings, Inc. 59,600 1,029,530 Dai-ichi Seiko Co., Ltd. 7,000 156,237 Daibiru Corp. 35,200 396,660 Daicel Corp. 44,400 577,116 Daido Kogyo Co., Ltd. 32,000 97,723 Daido Metal Co., Ltd. 23,300 208,841 Daido Steel Co., Ltd. 196,000 1,192,795 # Daidoh, Ltd. 17,900 71,766 Daifuku Co., Ltd. 25,500 880,667 # Daihatsu Diesel Manufacturing Co., Ltd. 13,000 84,186 Daihen Corp. 54,000 481,401 Daiho Corp. 67,000 323,789 Daiichi Jitsugyo Co., Ltd. 31,000 179,876 Daiichi Kigenso Kagaku-Kogyo Co., Ltd. 10,500 126,691 Daiichi Sankyo Co., Ltd. 11,500 250,804 Daiichikosho Co., Ltd. 12,100 582,767 Daiken Corp. 8,800 215,598 # Daiken Medical Co., Ltd. 6,000 42,916 Daiki Aluminium Industry Co., Ltd. 25,000 153,596 Daikin Industries, Ltd. 5,800 614,065 # Daikoku Denki Co., Ltd. 5,700 88,599 Daikokutenbussan Co., Ltd. 2,100 104,137 * Daikokuya Holdings Co., Ltd. 35,600 26,778 Daikyo, Inc. 186,000 389,596 Daikyonishikawa Corp. 15,700 234,491 Dainichi Co., Ltd. 5,100 37,992 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 52,000 434,656 # Daio Paper Corp. 49,000 636,272 Daisan Bank, Ltd. (The) 9,500 147,723 Daiseki Co., Ltd. 8,700 206,625 Daishi Bank, Ltd. (The) 204,000 934,908 Daishinku Corp. 5,500 92,723 Daisue Construction Co., Ltd. 7,600 71,649 Daisyo Corp. 2,000 32,541 Daito Bank, Ltd. (The) 50,000 76,121 Daito Pharmaceutical Co., Ltd. 6,960 185,706 Daito Trust Construction Co., Ltd. 4,100 692,996 Daitron Co., Ltd. 4,900 69,621 Daiwa House Industry Co., Ltd. 18,100 631,353 Daiwa Industries, Ltd. 21,400 244,061 Daiwa Securities Group, Inc. 262,447 1,511,513 Daiwabo Holdings Co., Ltd. 153,000 602,114 DCM Holdings Co., Ltd. 75,600 658,352 Dena Co., Ltd. 18,900 415,216 Denka Co., Ltd. 241,000 1,338,424 Denki Kogyo Co., Ltd. 41,000 210,591 Densan System Co., Ltd. 1,700 27,902 Denso Corp. 9,600 461,044 Dentsu, Inc. 2,600 121,570 Denyo Co., Ltd. 11,900 209,236 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Descente, Ltd. 13,900 $ 201,960 Dexerials Corp. 14,000 169,192 DIC Corp. 24,100 909,014 Digital Arts, Inc. 1,800 61,393 Dip Corp. 5,500 116,027 Disco Corp. 2,400 425,362 DKS Co., Ltd. 35,000 169,087 DMG Mori Co., Ltd. 66,900 1,109,778 Don Quijote Holdings Co., Ltd. 4,700 170,698 Doshisha Co., Ltd. 11,800 237,717 Doutor Nichires Holdings Co., Ltd. 15,700 346,984 Dowa Holdings Co., Ltd. 134,000 1,081,829 DSB Co., Ltd. 4,700 27,398 DTS Corp. 12,600 384,640 Dunlop Sports Co., Ltd. 6,700 68,347 Duskin Co., Ltd. 28,700 779,115 Dvx, Inc. 3,000 34,248 # DyDo Group Holdings, Inc. 4,900 243,021 Dynic Corp. 5,000 8,937 Eagle Industry Co., Ltd. 14,600 254,102 Earth Chemical Co., Ltd. 2,100 116,501 # Ebara Corp. 34,400 1,006,338 Ebara Jitsugyo Co., Ltd. 5,300 75,192 Eco's Co., Ltd. 3,500 35,397 # EDION Corp. 55,100 507,668 eGuarantee, Inc. 1,200 28,227 # Ehime Bank, Ltd. (The) 21,500 271,688 Eidai Co., Ltd. 18,000 85,014 Eighteenth Bank, Ltd. (The) 84,000 223,577 Eiken Chemical Co., Ltd. 5,900 195,345 Eizo Corp. 12,500 501,170 Elecom Co., Ltd. 11,000 237,373 Elematec Corp. 6,374 115,628 en-japan, Inc. 6,800 194,977 Endo Lighting Corp. 9,400 106,341 #* Eneres Co., Ltd. 8,500 38,987 #* Enigmo, Inc. 2,700 40,477 Enplas Corp. 6,300 259,268 #* Enshu, Ltd. 31,000 40,747 EPS Holdings, Inc. 13,700 224,685 # eRex Co., Ltd. 4,700 41,385 # ES-Con Japan, Ltd. 11,700 56,226 ESPEC Corp. 16,000 273,326 Excel Co., Ltd. 5,800 75,524 Exedy Corp. 20,900 654,106 Ezaki Glico Co., Ltd. 6,600 347,032 F&M Co., Ltd. 3,000 30,767 F-Tech, Inc. 7,000 96,855 F@N Communications, Inc. 17,500 160,238 # Faith, Inc. 4,300 47,120 Falco Holdings Co., Ltd. 5,600 78,372 # FamilyMart UNY Holdings Co., Ltd. 18,519 1,037,162 Fancl Corp. 10,600 228,133 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) FCC Co., Ltd. 25,500 $ 557,627 #* FDK Corp. 29,000 38,797 Feed One Co., Ltd. 58,640 128,720 Ferrotec Holdings Corp. 25,300 375,426 FIDEA Holdings Co., Ltd. 135,900 222,815 Fields Corp. 10,500 111,565 Financial Products Group Co., Ltd. 20,600 233,179 # FINDEX, Inc. 6,400 54,538 * First Baking Co., Ltd. 400 4,463 First Juken Co., Ltd. 5,100 73,231 FJ Next Co., Ltd. 10,500 84,545 #* Flight Holdings, Inc. 4,300 36,967 Foster Electric Co., Ltd. 20,200 396,630 FP Corp. 7,300 399,370 France Bed Holdings Co., Ltd. 11,400 103,813 # Freebit Co., Ltd. 4,900 39,671 Freund Corp. 3,800 54,451 # FTGroup Co., Ltd. 6,300 56,406 Fudo Tetra Corp. 123,200 203,387 Fuji Co., Ltd. 8,900 221,571 # Fuji Corp. 2,000 36,927 Fuji Corp., Ltd. 19,100 129,539 Fuji Electric Co., Ltd. 85,000 467,990 Fuji Furukawa Engineering & Construction Co., Ltd. 2,000 6,853 Fuji Kiko Co., Ltd. 14,100 93,950 Fuji Kosan Co., Ltd. 100 533 # Fuji Kyuko Co., Ltd. 15,000 157,894 Fuji Machine Manufacturing Co., Ltd. 40,600 660,554 Fuji Media Holdings, Inc. 19,500 281,743 Fuji Oil Co., Ltd. 44,900 136,844 Fuji Oil Holdings, Inc. 31,800 751,336 Fuji Pharma Co., Ltd. 2,600 88,903 Fuji Seal International, Inc. 19,200 538,789 Fuji Soft, Inc. 15,500 444,822 Fujibo Holdings, Inc. 7,700 233,625 Fujicco Co., Ltd. 6,400 155,136 FUJIFILM Holdings Corp. 23,400 860,145 Fujikura Kasei Co., Ltd. 15,400 90,539 # Fujikura Rubber, Ltd. 14,600 92,524 Fujikura, Ltd. 178,000 1,498,628 Fujimi, Inc. 8,800 198,594 Fujimori Kogyo Co., Ltd. 9,600 286,006 Fujio Food System Co., Ltd. 1,200 19,135 # Fujisash Co., Ltd. 77,900 80,346 # Fujishoji Co., Ltd. 4,500 49,450 Fujita Kanko, Inc. 3,299 119,332 Fujitec Co., Ltd. 28,000 386,263 Fujitsu Frontech, Ltd. 8,000 152,367 Fujitsu General, Ltd. 18,000 379,949 Fujitsu, Ltd. 141,000 1,049,989 Fujiya Co., Ltd. 1,800 40,414 FuKoKu Co., Ltd. 5,400 51,205 Fukuda Corp. 3,600 165,126 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Fukuda Denshi Co., Ltd. 500 $ 37,169 Fukui Bank, Ltd. (The) 177,000 431,348 Fukui Computer Holdings, Inc. 2,000 72,945 Fukuoka Financial Group, Inc. 180,000 829,860 Fukushima Bank, Ltd. (The) 139,000 109,584 Fukushima Industries Corp. 8,600 357,096 Fukuyama Transporting Co., Ltd. 109,000 696,183 FULLCAST Holdings Co., Ltd. 1,500 18,882 # Fumakilla, Ltd. 6,000 64,224 # Funai Electric Co., Ltd. 16,300 147,768 Funai Soken Holdings, Inc. 4,440 115,671 # Furukawa Battery Co., Ltd. (The) 9,000 75,207 Furukawa Co., Ltd. 180,000 333,945 Furukawa Electric Co., Ltd. 43,000 1,940,546 Furuno Electric Co., Ltd. 21,700 129,963 Furusato Industries, Ltd. 6,200 98,692 Furuya Metal Co., Ltd. 400 9,829 Fuso Chemical Co., Ltd. 1,800 59,967 Fuso Pharmaceutical Industries, Ltd. 5,400 135,927 Futaba Corp. 24,300 445,653 Futaba Industrial Co., Ltd. 40,200 416,516 Future Corp. 18,400 148,827 Fuyo General Lease Co., Ltd. 13,200 773,869 G-7 Holdings, Inc. 2,500 52,585 G-Tekt Corp. 13,300 257,398 Gakken Holdings Co., Ltd. 3,000 89,213 Gakkyusha Co., Ltd. 2,300 33,681 # GCA Corp. 6,800 60,335 Gecoss Corp. 10,100 114,403 Genki Sushi Co., Ltd. 1,600 35,091 # Genky Stores, Inc. 4,800 178,916 Geo Holdings Corp. 22,400 244,909 Gfoot Co., Ltd. 5,900 43,574 # Giken, Ltd. 2,500 66,724 GL Sciences, Inc. 3,000 36,616 # GLOBERIDE, Inc. 5,700 98,666 Glory, Ltd. 16,700 556,115 GMO internet, Inc. 25,600 330,146 # GMO Payment Gateway, Inc. 4,400 259,542 Godo Steel, Ltd. 8,500 161,953 Gokurakuyu Holdings Co., Ltd. 4,300 31,409 Goldcrest Co., Ltd. 12,390 275,995 Golf Digest Online, Inc. 5,700 42,257 Gourmet Kineya Co., Ltd. 5,000 51,046 Grandy House Corp. 8,900 35,096 # Gree, Inc. 45,900 352,639 GS Yuasa Corp. 200,000 943,953 GSI Creos Corp. 36,000 47,980 Gun-Ei Chemical Industry Co., Ltd. 3,400 113,077 # GungHo Online Entertainment, Inc. 32,700 88,351 Gunma Bank, Ltd. (The) 206,700 1,211,047 Gunze, Ltd. 117,000 451,489 Gurunavi, Inc. 11,200 183,214 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) H-One Co., Ltd. 14,600 $ 167,423 H2O Retailing Corp. 52,100 852,509 HABA Laboratories, Inc. 500 16,789 Hachijuni Bank, Ltd. (The) 180,000 1,142,794 Hagihara Industries, Inc. 2,900 83,204 Hagiwara Electric Co., Ltd. 4,200 89,756 Hakudo Co., Ltd. 1,500 24,701 Hakuhodo DY Holdings, Inc. 26,300 369,114 Hakuto Co., Ltd. 13,900 187,439 Halows Co., Ltd. 1,100 23,772 Hamakyorex Co., Ltd. 13,700 362,233 Hamamatsu Photonics K.K. 7,100 225,684 Handsman Co., Ltd. 3,100 44,096 # Haneda Zenith Holdings Co., Ltd. 23,300 72,585 Hankyu Hanshin Holdings, Inc. 15,600 556,787 Hanwa Co., Ltd. 122,000 872,500 Happinet Corp. 14,500 261,595 # Hard Off Corp. Co., Ltd. 6,800 70,507 Harima Chemicals Group, Inc. 12,200 118,560 # Harmonic Drive Systems, Inc. 7,200 311,006 Haruyama Holdings, Inc. 3,900 36,012 Haseko Corp. 33,800 423,198 Hayashikane Sangyo Co., Ltd. 3,800 29,609 Hazama Ando Corp. 68,850 475,101 # Hearts United Group Co., Ltd. 3,600 56,329 Heian Ceremony Service Co., Ltd. 1,300 11,335 Heiwa Corp. 20,000 439,988 Heiwa Real Estate Co., Ltd. 25,300 396,790 Heiwado Co., Ltd. 21,300 484,023 Helios Techno Holdings Co., Ltd. 7,200 51,438 HI-LEX Corp. 12,900 337,169 Hibiya Engineering, Ltd. 13,900 254,170 Hiday Hidaka Corp. 4,726 126,146 Hikari Tsushin, Inc. 2,300 251,158 # Himaraya Co., Ltd. 1,900 15,224 Hino Motors, Ltd. 28,900 340,144 Hioki EE Corp. 5,500 111,371 Hirakawa Hewtech Corp. 8,800 120,467 Hiramatsu, Inc. 11,500 64,263 Hirano Tecseed Co., Ltd. 7,700 113,815 # Hirata Corp. 1,400 158,434 Hirose Electric Co., Ltd. 1,100 149,785 Hiroshima Bank, Ltd. (The) 258,000 1,102,887 Hiroshima Gas Co., Ltd. 6,900 22,147 HIS Co., Ltd. 12,100 372,037 Hisaka Works, Ltd. 16,700 149,822 Hisamitsu Pharmaceutical Co., Inc. 2,100 98,448 Hitachi Capital Corp. 26,700 635,182 Hitachi Chemical Co., Ltd. 35,400 1,006,413 Hitachi Construction Machinery Co., Ltd. 45,500 1,302,535 Hitachi High-Technologies Corp. 10,100 371,770 Hitachi Kokusai Electric, Inc. 8,500 219,125 Hitachi Maxell, Ltd. 25,500 564,248 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Hitachi Metals, Ltd. 41,910 $ 583,307 Hitachi Transport System, Ltd. 24,500 563,932 Hitachi Zosen Corp. 126,040 663,470 Hitachi, Ltd. 329,000 2,263,459 # Hitachi, Ltd. ADR 4,900 338,541 Hito Communications, Inc. 1,200 18,965 Hochiki Corp. 8,900 153,016 Hodogaya Chemical Co., Ltd. 4,900 210,280 Hogy Medical Co., Ltd. 4,600 335,732 Hokkaido Electric Power Co., Inc. 30,300 228,190 Hokkaido Gas Co., Ltd. 12,000 29,935 Hokkan Holdings, Ltd. 23,000 88,411 Hokko Chemical Industry Co., Ltd. 20,000 109,049 Hokkoku Bank, Ltd. (The) 187,000 755,743 Hokuetsu Bank, Ltd. (The) 15,000 356,089 Hokuetsu Industries Co., Ltd. 9,900 86,126 # Hokuetsu Kishu Paper Co., Ltd. 97,400 683,452 Hokuhoku Financial Group, Inc. 64,600 1,050,166 Hokuriku Electric Industry Co., Ltd. 39,000 57,632 # Hokuriku Electric Power Co. 21,800 201,833 Hokuriku Electrical Construction Co., Ltd. 8,600 73,959 Hokuto Corp. 10,600 189,132 Honda Motor Co., Ltd. 108,123 3,026,562 # Honda Motor Co., Ltd. Sponsored ADR 23,840 667,997 Honeys Holdings Co., Ltd. 12,570 141,983 Honshu Chemical Industry Co., Ltd. 1,000 9,053 Hoosiers Holdings 18,400 184,499 Horiba, Ltd. 8,200 502,298 Hoshizaki Corp. 2,800 271,030 Hosiden Corp. 44,900 519,325 Hosokawa Micron Corp. 4,000 194,335 House Foods Group, Inc. 22,400 578,242 # Howa Machinery, Ltd. 10,600 78,288 Hulic Co., Ltd. 7,300 77,078 Hurxley Corp. 2,400 24,712 Hyakugo Bank, Ltd. (The) 176,000 709,655 Hyakujushi Bank, Ltd. (The) 168,000 544,970 I-Net Corp. 7,700 89,051 I-O Data Device, Inc. 6,200 68,753 Ibiden Co., Ltd. 74,400 1,291,176 IBJ Leasing Co., Ltd. 20,400 485,319 Ichibanya Co., Ltd. 2,034 72,446 # Ichigo, Inc. 30,900 94,378 # Ichiken Co., Ltd. 15,000 55,633 Ichikoh Industries, Ltd. 36,000 282,204 Ichinen Holdings Co., Ltd. 11,800 138,419 Ichiyoshi Securities Co., Ltd. 16,300 146,149 Icom, Inc. 7,700 164,208 Idec Corp. 11,400 190,087 Idemitsu Kosan Co., Ltd. 38,200 927,171 # IDOM, Inc. 33,200 219,905 * IHI Corp. 213,000 702,036 Iida Group Holdings Co., Ltd. 29,920 511,213 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Iino Kaiun Kaisha, Ltd. 76,300 $ 350,835 # IJT Technology Holdings Co., Ltd. 11,300 63,895 Ikegami Tsushinki Co., Ltd. 69,000 100,024 # Imagica Robot Holdings, Inc. 9,100 57,719 Imasen Electric Industrial 13,600 152,271 Imperial Hotel, Ltd. 400 7,813 Inaba Denki Sangyo Co., Ltd. 13,900 547,487 # Inaba Seisakusho Co., Ltd. 7,400 91,490 Inabata & Co., Ltd. 31,400 441,380 Inageya Co., Ltd. 8,700 136,913 Ines Corp. 16,800 159,599 Infocom Corp. 8,800 215,294 Infomart Corp. 17,200 126,274 Information Services International-Dentsu, Ltd. 8,500 192,713 Innotech Corp. 12,900 87,874 Inpex Corp. 99,200 965,368 # Intage Holdings, Inc. 5,900 120,580 # Inter Action Corp. 7,100 47,126 Internet Initiative Japan, Inc. 20,400 368,807 Inui Global Logistics Co., Ltd. 9,495 72,761 Iriso Electronics Co., Ltd. 3,900 335,667 Ise Chemicals Corp. 7,000 31,330 Iseki & Co., Ltd. 13,800 287,032 Isetan Mitsukoshi Holdings, Ltd. 117,100 1,141,156 * Ishihara Sangyo Kaisha, Ltd. 24,500 268,393 Ishii Iron Works Co., Ltd. 1,900 29,121 # Ishizuka Glass Co., Ltd. 3,000 6,502 # Istyle, Inc. 5,900 39,280 Isuzu Motors, Ltd. 58,300 799,421 #* ITbook Co., Ltd. 9,100 44,632 Itfor, Inc. 14,600 82,266 Ito En, Ltd. 9,100 336,503 ITOCHU Corp. 63,900 1,002,048 Itochu Enex Co., Ltd. 37,300 335,649 Itochu Techno-Solutions Corp. 6,800 236,787 Itochu-Shokuhin Co., Ltd. 3,800 157,821 Itoham Yonekyu Holdings, Inc. 62,478 581,104 Itoki Corp. 33,553 272,556 # Ivy Cosmetics Corp. 700 49,543 IwaiCosmo Holdings, Inc. 12,600 147,766 Iwaki & Co., Ltd. 18,000 66,879 Iwasaki Electric Co., Ltd. 54,000 104,407 Iwatani Corp. 98,000 635,310 Iwatsu Electric Co., Ltd. 95,000 77,465 Iwatsuka Confectionery Co., Ltd. 800 33,493 Iyo Bank, Ltd. (The) 141,082 1,151,943 Izumi Co., Ltd. 2,600 135,644 #* Izutsuya Co., Ltd. 11,800 47,837 J Front Retailing Co., Ltd. 79,000 1,129,092 # J Trust Co., Ltd. 52,700 420,095 J-Oil Mills, Inc. 7,700 268,740 JAC Recruitment Co., Ltd. 1,800 29,370 Jaccs Co., Ltd. 102,000 478,202 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Jafco Co., Ltd. 25,600 $1,224,271 # Jalux, Inc. 5,400 136,146 # Jamco Corp. 4,900 124,212 Janome Sewing Machine Co., Ltd. 12,300 100,228 Japan Airport Terminal Co., Ltd. 5,800 214,987 Japan Asia Group, Ltd. 16,900 65,766 * Japan Asia Investment Co., Ltd. 8,200 31,658 * Japan Asset Marketing Co., Ltd. 55,200 65,034 Japan Aviation Electronics Industry, Ltd. 26,000 410,777 # Japan Cash Machine Co., Ltd. 7,800 84,175 #* Japan Display, Inc. 263,900 472,305 #* Japan Drilling Co., Ltd. 5,700 109,215 Japan Exchange Group, Inc. 22,200 398,430 Japan Foundation Engineering Co., Ltd. 25,800 91,253 # Japan Lifeline Co., Ltd. 6,400 294,218 # Japan Material Co., Ltd. 3,400 66,542 Japan Medical Dynamic Marketing, Inc. 14,500 129,362 Japan Petroleum Exploration Co., Ltd. 5,900 122,527 Japan Property Management Center Co., Ltd. 3,300 44,077 Japan Pulp & Paper Co., Ltd. 70,000 267,824 Japan Radio Co., Ltd. 10,800 139,457 Japan Securities Finance Co., Ltd. 75,700 380,028 Japan Steel Works, Ltd. (The) 36,700 606,109 Japan Transcity Corp. 23,000 88,954 Japan Wool Textile Co., Ltd. (The) 42,100 360,681 Jastec Co., Ltd. 6,900 81,846 JBCC Holdings, Inc. 9,600 80,845 JCU Corp. 5,400 198,152 Jeol, Ltd. 49,000 267,096 JFE Holdings, Inc. 81,760 1,577,028 # JGC Corp. 35,200 563,873 #* JIG-SAW, Inc. 600 34,573 Jimoto Holdings, Inc. 86,700 154,806 JINS, Inc. 3,700 225,316 JK Holdings Co., Ltd. 10,200 64,726 JMS Co., Ltd. 25,000 74,589 Joban Kosan Co., Ltd. 3,000 49,275 Joshin Denki Co., Ltd. 18,000 253,253 Joyful Honda Co., Ltd. 14,100 389,963 # JP-Holdings, Inc. 11,100 28,486 JSP Corp. 5,100 161,153 JSR Corp. 23,200 408,831 JTEKT Corp. 22,400 318,836 Juki Corp. 18,500 279,852 Juroku Bank, Ltd. (The) 214,000 678,433 Justsystems Corp. 14,300 220,109 JVC Kenwood Corp. 99,670 290,209 JXTG Holdings, Inc. 348,770 1,550,291 K&O Energy Group, Inc. 10,700 163,569 # K's Holdings Corp. 26,160 525,183 kabu.com Securities Co., Ltd. 64,000 207,624 * Kadokawa Dwango 35,577 469,982 Kaga Electronics Co., Ltd. 12,700 280,136 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kagome Co., Ltd. 6,600 $ 200,490 Kajima Corp. 27,843 242,781 # Kakaku.com, Inc. 8,800 124,333 Kaken Pharmaceutical Co., Ltd. 6,000 319,358 Kakiyasu Honten Co., Ltd. 2,100 37,396 Kameda Seika Co., Ltd. 3,800 189,874 Kamei Corp. 16,000 228,674 Kamigumi Co., Ltd. 65,000 696,611 Kanaden Corp. 12,300 130,923 Kanagawa Chuo Kotsu Co., Ltd. 14,000 92,454 Kanamoto Co., Ltd. 13,700 491,135 Kandenko Co., Ltd. 74,000 791,960 Kaneka Corp. 116,000 929,527 Kanematsu Corp. 307,000 670,896 Kansai Paint Co., Ltd. 12,000 274,484 Kansai Super Market, Ltd. 1,100 14,817 Kansai Urban Banking Corp. 20,100 257,694 Kanto Denka Kogyo Co., Ltd. 24,900 227,081 * Kappa Create Co., Ltd. 10,100 117,412 Kasai Kogyo Co., Ltd. 17,000 221,293 Katakura & Co-op Agri Corp. 16,000 38,300 Katakura Industries Co., Ltd. 16,500 191,164 Kato Sangyo Co., Ltd. 17,400 468,674 Kato Works Co., Ltd. 6,800 218,748 KAWADA TECHNOLOGIES, Inc. 3,400 233,463 Kawai Musical Instruments Manufacturing Co., Ltd. 5,000 104,179 Kawasaki Heavy Industries, Ltd. 243,000 773,687 #* Kawasaki Kisen Kaisha, Ltd. 513,000 1,273,706 Kawasumi Laboratories, Inc. 13,100 83,193 KDDI Corp. 16,500 437,200 Keihan Holdings Co., Ltd. 89,000 575,811 Keihanshin Building Co., Ltd. 31,900 201,894 Keihin Co., Ltd. 35,000 51,076 Keihin Corp. 31,500 453,251 Keisei Electric Railway Co., Ltd. 7,000 191,556 Keiyo Bank, Ltd. (The) 166,000 702,324 Keiyo Co., Ltd. 25,300 175,749 # Kenedix, Inc. 78,000 399,339 # Kenko Mayonnaise Co., Ltd. 7,800 219,233 Kewpie Corp. 11,500 289,266 Key Coffee, Inc. 7,600 150,446 # KFC Holdings Japan, Ltd. 4,700 85,068 * KI Holdings Co., Ltd. 6,000 15,771 Ki-Star Real Estate Co., Ltd. 3,500 63,698 Kikkoman Corp. 7,000 214,392 Kimoto Co., Ltd. 41,300 93,112 Kimura Chemical Plants Co., Ltd. 2,700 9,102 Kinden Corp. 38,900 605,497 * Kinki Sharyo Co., Ltd. (The) 2,400 55,846 * Kintetsu Department Store Co., Ltd. 17,000 56,541 Kintetsu World Express, Inc. 23,300 408,030 Kirin Holdings Co., Ltd. 27,780 611,820 Kirindo Holdings Co., Ltd. 1,000 10,249 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kissei Pharmaceutical Co., Ltd. 21,700 $ 561,143 Kita-Nippon Bank, Ltd. (The) 5,700 163,464 Kitagawa Iron Works Co., Ltd. 6,300 134,660 Kitano Construction Corp. 32,000 110,817 Kito Corp. 9,800 113,357 Kitz Corp. 60,500 541,377 Kiyo Bank, Ltd. (The) 43,600 729,170 #* KLab, Inc. 11,300 192,220 * KNT-CT Holdings Co., Ltd. 76,000 127,196 Koa Corp. 19,300 340,465 Koatsu Gas Kogyo Co., Ltd. 20,400 151,580 Kobayashi Pharmaceutical Co., Ltd. 2,800 174,022 Kobe Bussan Co., Ltd. 3,200 158,583 * Kobe Electric Railway Co., Ltd. 10,000 36,551 #* Kobe Steel, Ltd. 110,800 1,385,888 Kobelco Eco-Solutions Co., Ltd. 3,000 11,858 Kohnan Shoji Co., Ltd. 16,400 299,081 Kohsoku Corp. 8,100 80,451 Koito Manufacturing Co., Ltd. 10,500 613,369 * Kojima Co., Ltd. 23,700 78,872 # Kokusai Co., Ltd. 2,800 29,058 Kokuyo Co., Ltd. 61,700 982,512 # KOMAIHALTEC, Inc. 2,699 55,589 Komatsu Seiren Co., Ltd. 24,500 170,224 Komatsu Wall Industry Co., Ltd. 5,500 103,632 Komatsu, Ltd. 31,400 842,071 Komehyo Co., Ltd. 5,700 67,328 Komeri Co., Ltd. 22,200 649,515 Komori Corp. 39,500 469,678 Konaka Co., Ltd. 18,100 97,644 Konami Holdings Corp. 14,800 771,878 Kondotec, Inc. 10,300 93,740 Konica Minolta, Inc. 240,000 1,987,967 Konishi Co., Ltd. 17,600 268,870 Konoike Transport Co., Ltd. 19,000 258,766 # Konoshima Chemical Co., Ltd. 2,100 34,146 #* Kosaido Co., Ltd. 2,000 6,709 Kose Corp. 3,900 433,998 # Kosei Securities Co., Ltd. (The) 43,000 62,339 Koshidaka Holdings Co., Ltd. 3,800 103,086 Kotobuki Spirits Co., Ltd. 5,100 188,235 # Kourakuen Holdings Corp. 2,200 35,109 Krosaki Harima Corp. 35,000 153,280 KRS Corp. 4,600 124,736 KU Holdings Co., Ltd. 800 7,267 Kubota Corp. 22,000 382,032 Kumagai Gumi Co., Ltd. 150,000 519,570 # Kumiai Chemical Industry Co., Ltd. 44,600 259,337 Kura Corp. 4,200 211,213 Kurabo Industries, Ltd. 139,000 360,747 Kuraray Co., Ltd. 60,000 1,166,486 Kureha Corp. 11,200 563,217 Kurimoto, Ltd. 7,800 146,134 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kurita Water Industries, Ltd. 16,400 $ 466,586 Kuriyama Holdings Corp. 4,000 78,253 Kuroda Electric Co., Ltd. 19,700 376,655 Kusuri no Aoki Holdings Co., Ltd. 4,500 247,660 KYB Corp. 146,000 824,032 Kyocera Corp. 14,700 893,026 Kyocera Corp. Sponsored ADR 2,904 177,405 Kyodo Printing Co., Ltd. 57,000 199,481 # Kyoei Steel, Ltd. 15,300 236,120 Kyokuto Boeki Kaisha, Ltd. 20,000 51,497 Kyokuto Kaihatsu Kogyo Co., Ltd. 21,400 358,269 Kyokuto Securities Co., Ltd. 10,400 146,302 # Kyokuyo Co., Ltd. 5,300 149,198 KYORIN Holdings, Inc. 21,300 454,681 Kyoritsu Maintenance Co., Ltd. 8,040 229,557 Kyoritsu Printing Co., Ltd. 23,500 74,588 Kyosan Electric Manufacturing Co., Ltd. 29,000 161,541 Kyowa Electronics Instruments Co., Ltd. 14,300 59,888 Kyowa Exeo Corp. 45,000 768,302 Kyowa Hakko Kirin Co., Ltd. 9,000 162,992 Kyowa Leather Cloth Co., Ltd. 9,000 77,636 Kyudenko Corp. 23,000 867,502 Kyushu Financial Group, Inc. 183,680 1,152,542 LAC Co., Ltd. 6,100 74,745 # Lacto Japan Co., Ltd. 1,900 75,104 #* Laox Co., Ltd. 24,100 117,097 # Lasertec Corp. 23,600 351,872 Lawson, Inc. 1,200 81,694 # LEC, Inc. 4,800 117,503 Leopalace21 Corp. 131,900 940,591 Life Corp. 5,000 132,398 LIFULL Co., Ltd. 17,800 142,132 Linical Co., Ltd. 3,500 60,752 # Link And Motivation, Inc. 20,000 133,609 Lintec Corp. 27,500 667,605 Lion Corp. 33,000 706,372 LIXIL Group Corp. 14,200 365,440 Lonseal Corp. 1,600 38,232 Look, Inc. 22,000 55,249 #* M&A Capital Partners Co., Ltd. 500 22,795 M3, Inc. 6,800 183,430 Mabuchi Motor Co., Ltd. 1,300 68,510 Macnica Fuji Electronics Holdings, Inc. 26,150 416,904 Maeda Corp. 77,000 930,993 Maeda Kosen Co., Ltd. 12,200 179,003 Maeda Road Construction Co., Ltd. 41,000 846,512 Maezawa Kasei Industries Co., Ltd. 7,500 83,659 Maezawa Kyuso Industries Co., Ltd. 6,500 94,515 Makino Milling Machine Co., Ltd. 77,000 650,284 Makita Corp. 6,800 265,985 Makita Corp. Sponsored ADR 3,976 155,104 Mamezou Holdings Co., Ltd. 9,700 87,173 Mamiya-Op Co., Ltd. 2,699 29,772 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Mandom Corp. 3,600 $ 198,987 Mani, Inc. 4,200 99,827 Mars Engineering Corp. 6,700 132,651 Marubeni Corp. 212,400 1,407,463 Marubun Corp. 18,100 138,435 Marudai Food Co., Ltd. 83,000 393,667 Marufuji Sheet Piling Co., Ltd. 3,000 7,809 Maruha Nichiro Corp. 13,400 365,685 Marui Group Co., Ltd. 24,300 330,474 Maruichi Steel Tube, Ltd. 8,900 274,689 Maruka Machinery Co., Ltd. 3,900 65,442 Marusan Securities Co., Ltd. 16,200 136,780 Maruwa Co., Ltd. 4,800 233,020 # Maruwa Unyu Kikan Co., Ltd. 1,900 69,334 Maruyama Manufacturing Co., Inc. 2,800 47,125 #* Maruzen CHI Holdings Co., Ltd. 10,600 33,856 Maruzen Co., Ltd. 2,000 32,846 Maruzen Showa Unyu Co., Ltd. 34,000 147,983 # Marvelous, Inc. 13,400 125,202 Matsuda Sangyo Co., Ltd. 10,100 137,082 Matsui Construction Co., Ltd. 13,200 112,933 Matsui Securities Co., Ltd. 17,400 142,414 Matsumotokiyoshi Holdings Co., Ltd. 9,600 591,991 Matsuya Co., Ltd. 6,100 51,294 Matsuya Foods Co., Ltd. 3,300 124,945 Max Co., Ltd. 15,000 205,205 Maxvalu Nishinihon Co., Ltd. 2,600 39,297 Maxvalu Tokai Co., Ltd. 5,000 95,031 Mazda Motor Corp. 193,100 2,902,831 MCJ Co., Ltd. 11,600 137,050 Mebuki Financial Group, Inc. 277,522 1,068,327 # MEC Co., Ltd. 11,800 146,066 # Medical System Network Co., Ltd. 12,300 53,725 Medipal Holdings Corp. 50,200 918,631 # Megachips Corp. 10,200 272,057 Megmilk Snow Brand Co., Ltd. 21,600 597,184 Meidensha Corp. 127,000 451,227 MEIJI Holdings Co., Ltd. 1,000 79,693 Meiji Shipping Co., Ltd. 6,100 22,406 Meiko Electronics Co., Ltd. 18,100 271,450 Meiko Network Japan Co., Ltd. 7,500 107,082 Meisei Industrial Co., Ltd. 27,100 175,637 Meitec Corp. 7,000 328,067 Meito Sangyo Co., Ltd. 6,200 81,086 Meiwa Corp. 18,400 73,008 Meiwa Estate Co., Ltd. 10,900 80,935 Melco Holdings, Inc. 7,300 244,391 Menicon Co., Ltd. 2,800 91,675 METAWATER Co., Ltd. 4,600 127,210 Michinoku Bank, Ltd. (The) 109,909 186,192 # Micronics Japan Co., Ltd. 17,600 186,390 Mie Bank, Ltd. (The) 6,500 145,523 Mie Kotsu Group Holdings, Inc. 17,800 66,968 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Mikuni Corp. 14,300 $ 63,931 Milbon Co., Ltd. 4,052 236,257 Mimaki Engineering Co., Ltd. 10,800 85,930 Mimasu Semiconductor Industry Co., Ltd. 14,900 239,173 Minato Bank, Ltd. (The) 12,900 236,181 Minebea Mitsumi, Inc. 102,939 1,695,952 Ministop Co., Ltd. 12,400 272,816 Miraca Holdings, Inc. 6,500 296,610 Miraial Co., Ltd. 2,600 24,948 Mirait Holdings Corp. 40,410 473,790 Miroku Jyoho Service Co., Ltd. 2,300 48,454 Misawa Homes Co., Ltd. 16,900 155,102 MISUMI Group, Inc. 15,900 394,317 Mitani Corp. 8,400 331,327 Mitani Sekisan Co., Ltd. 800 18,826 Mito Securities Co., Ltd. 47,400 131,776 Mitsuba Corp. 25,000 435,908 Mitsubishi Chemical Holdings Corp. 464,080 3,885,398 Mitsubishi Corp. 78,600 1,706,580 Mitsubishi Electric Corp. 79,000 1,222,974 Mitsubishi Estate Co., Ltd. 10,000 181,830 Mitsubishi Gas Chemical Co., Inc. 67,795 1,564,127 Mitsubishi Heavy Industries, Ltd. 208,000 826,977 Mitsubishi Kakoki Kaisha, Ltd. 21,000 46,271 Mitsubishi Logistics Corp. 36,000 462,158 Mitsubishi Materials Corp. 47,880 1,608,486 Mitsubishi Motors Corp. 80,600 581,416 Mitsubishi Nichiyu Forklift Co., Ltd. 23,200 186,672 * Mitsubishi Paper Mills, Ltd. 21,500 151,587 Mitsubishi Pencil Co., Ltd. 8,250 224,801 # Mitsubishi Research Institute, Inc. 4,600 132,299 Mitsubishi Shokuhin Co., Ltd. 5,700 164,911 Mitsubishi Steel Manufacturing Co., Ltd. 116,000 298,417 Mitsubishi Tanabe Pharma Corp. 7,900 188,065 Mitsubishi UFJ Financial Group, Inc. 817,300 5,185,041 Mitsubishi UFJ Financial Group, Inc. Sponsored ADR 16,850 107,335 Mitsubishi UFJ Lease & Finance Co., Ltd. 115,200 613,680 Mitsuboshi Belting, Ltd. 31,000 354,645 Mitsui & Co., Ltd. 88,800 1,291,221 Mitsui & Co., Ltd. Sponsored ADR 471 137,763 Mitsui Chemicals, Inc. 338,000 1,920,219 Mitsui Engineering & Shipbuilding Co., Ltd. 545,000 759,757 Mitsui Fudosan Co., Ltd. 14,200 325,893 Mitsui High-Tec, Inc. 18,300 285,604 Mitsui Home Co., Ltd. 18,000 122,736 Mitsui Matsushima Co., Ltd. 9,400 126,658 Mitsui Mining & Smelting Co., Ltd. 377,000 1,646,894 Mitsui OSK Lines, Ltd. 410,000 1,276,032 Mitsui Sugar Co., Ltd. 13,500 409,891 Mitsui-Soko Holdings Co., Ltd. 78,000 212,850 Mitsuuroko Group Holdings Co., Ltd. 20,300 131,206 # Miyaji Engineering Group, Inc. 45,000 109,632 Miyazaki Bank, Ltd. (The) 107,000 357,705 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Miyoshi Oil & Fat Co., Ltd. 4,400 $ 56,309 Mizuho Financial Group, Inc. 1,617,060 2,875,738 Mizuno Corp. 64,000 372,078 Mochida Pharmaceutical Co., Ltd. 3,700 257,793 Modec, Inc. 13,400 319,441 Monex Group, Inc. 162,500 459,295 # Money Partners Group Co., Ltd. 4,900 22,146 Monogatari Corp. (The) 2,400 125,207 MonotaRO Co., Ltd. 13,000 428,806 MORESCO Corp. 4,600 86,861 # Morinaga & Co., Ltd. 11,600 664,835 Morinaga Milk Industry Co., Ltd. 115,000 840,107 Morita Holdings Corp. 16,700 261,903 Morito Co., Ltd. 11,900 101,112 # Morozoff, Ltd. 1,200 74,266 #* Morpho, Inc. 1,000 45,086 Mory Industries, Inc. 4,800 102,630 # Mr Max Corp. 11,900 56,414 MS&AD Insurance Group Holdings, Inc. 27,982 981,457 # MTI, Ltd. 16,700 112,632 Mugen Estate Co., Ltd. 12,100 108,607 Murakami Corp. 2,000 43,063 Murata Manufacturing Co., Ltd. 2,013 313,161 Musashi Seimitsu Industry Co., Ltd. 14,800 412,086 Musashino Bank, Ltd. (The) 20,700 618,481 Mutoh Holdings Co., Ltd. 19,000 43,777 N Field Co., Ltd. 4,000 55,053 Nabtesco Corp. 9,300 301,920 NAC Co., Ltd. 7,600 68,514 # Nachi-Fujikoshi Corp. 110,000 608,018 # Nafco Co., Ltd. 500 7,928 Nagaileben Co., Ltd. 1,800 44,862 # Nagano Bank, Ltd. (The) 5,800 103,505 Nagano Keiki Co., Ltd. 1,900 13,607 Nagase & Co., Ltd. 81,000 1,271,521 Nagatanien Holdings Co., Ltd. 9,000 112,052 Nagawa Co., Ltd. 400 14,468 Nagoya Railroad Co., Ltd. 49,000 224,713 Nakabayashi Co., Ltd. 24,000 70,737 Nakamuraya Co., Ltd. 1,308 59,665 Nakanishi, Inc. 3,000 125,692 Nakano Corp. 13,000 71,344 Nakayama Steel Works, Ltd. 16,000 96,967 # Nakayamafuku Co., Ltd. 600 4,283 Nakayo, Inc. 9,000 33,132 Namura Shipbuilding Co., Ltd. 41,700 238,902 Nankai Electric Railway Co., Ltd. 37,000 182,067 Nanto Bank, Ltd. (The) 15,800 464,813 Narasaki Sangyo Co., Ltd. 5,000 13,965 # Natori Co., Ltd. 4,100 76,208 # ND Software Co., Ltd. 500 5,202 NDS Co., Ltd. 2,300 66,448 NEC Capital Solutions, Ltd. 7,900 136,100 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) NEC Corp. 712,000 $1,935,532 NEC Networks & System Integration Corp. 13,000 284,033 NET One Systems Co., Ltd. 45,000 431,294 Neturen Co., Ltd. 21,400 196,990 #* New Japan Chemical Co., Ltd. 25,700 48,491 * New Japan Radio Co., Ltd. 10,000 54,965 * Nexon Co., Ltd. 8,500 176,668 # Nexyz Group Corp. 4,000 65,414 NGK Insulators, Ltd. 10,000 201,102 NGK Spark Plug Co., Ltd. 19,700 397,731 NH Foods, Ltd. 20,000 591,586 NHK Spring Co., Ltd. 77,100 832,724 Nice Holdings, Inc. 53,000 75,913 # Nichi-iko Pharmaceutical Co., Ltd. 17,200 263,495 Nichia Steel Works, Ltd. 2,000 5,241 Nichias Corp. 39,000 473,633 Nichiban Co., Ltd. 12,000 107,030 Nichicon Corp. 36,800 404,439 Nichiden Corp. 2,500 89,732 Nichiha Corp. 17,500 650,036 NichiiGakkan Co., Ltd. 20,500 214,547 Nichimo Co., Ltd. 13,000 21,451 Nichirei Corp. 56,000 1,573,906 Nichireki Co., Ltd. 18,900 228,672 Nichirin Co., Ltd. 5,400 120,575 # Nifco, Inc. 10,700 617,170 Nihon Chouzai Co., Ltd. 3,040 101,407 Nihon Dempa Kogyo Co., Ltd. 13,500 112,902 Nihon Dengi Co., Ltd. 1,600 41,802 Nihon Eslead Corp. 6,000 113,176 Nihon Flush Co., Ltd. 1,800 24,211 Nihon House Holdings Co., Ltd. 29,600 141,140 Nihon Kagaku Sangyo Co., Ltd. 9,700 170,552 Nihon Kohden Corp. 8,300 198,362 Nihon M&A Center, Inc. 19,400 778,947 Nihon Nohyaku Co., Ltd. 38,100 221,382 Nihon Parkerizing Co., Ltd. 27,300 390,618 # Nihon Plast Co., Ltd. 7,200 85,565 # Nihon Tokushu Toryo Co., Ltd. 9,500 159,537 # Nihon Trim Co., Ltd. 1,900 79,055 Nihon Unisys, Ltd. 27,500 458,548 Nihon Yamamura Glass Co., Ltd. 79,000 135,352 Nikkiso Co., Ltd. 44,900 463,369 Nikko Co., Ltd. 3,800 78,006 Nikkon Holdings Co., Ltd. 44,000 1,040,167 Nikon Corp. 27,000 475,734 Nintendo Co., Ltd. 1,300 441,499 # Nippi, Inc. 6,000 43,302 Nippo Corp. 30,000 610,325 Nippon Air Conditioning Services Co., Ltd. 8,000 51,337 Nippon Beet Sugar Manufacturing Co., Ltd. 9,100 177,989 Nippon Carbide Industries Co., Inc. 61,000 102,855 # Nippon Carbon Co., Ltd. 7,700 251,439 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nippon Ceramic Co., Ltd. 3,500 $ 91,778 Nippon Chemi-Con Corp. 105,000 424,180 Nippon Chemical Industrial Co., Ltd. 45,000 96,485 Nippon Chemiphar Co., Ltd. 1,600 75,173 Nippon Coke & Engineering Co., Ltd. 119,300 112,528 # Nippon Commercial Development Co., Ltd. 5,700 88,912 Nippon Concrete Industries Co., Ltd. 32,000 124,141 Nippon Denko Co., Ltd. 80,065 375,849 Nippon Densetsu Kogyo Co., Ltd. 22,600 449,195 Nippon Electric Glass Co., Ltd. 40,600 1,437,215 Nippon Express Co., Ltd. 98,000 625,810 Nippon Filcon Co., Ltd. 6,700 36,263 Nippon Fine Chemical Co., Ltd. 6,400 58,335 Nippon Flour Mills Co., Ltd. 41,900 675,150 Nippon Gas Co., Ltd. 12,900 404,861 Nippon Hume Corp. 13,900 86,825 Nippon Kanzai Co., Ltd. 4,800 86,310 Nippon Kayaku Co., Ltd. 44,000 615,812 Nippon Kinzoku Co., Ltd. 2,900 58,160 # Nippon Kodoshi Corp. 3,100 42,010 Nippon Koei Co., Ltd. 10,700 296,048 Nippon Koshuha Steel Co., Ltd. 66,000 66,375 Nippon Light Metal Holdings Co., Ltd. 452,000 1,216,110 # Nippon Paint Holdings Co., Ltd. 5,000 192,254 Nippon Paper Industries Co., Ltd. 68,624 1,368,146 # Nippon Parking Development Co., Ltd. 70,700 105,740 Nippon Pillar Packing Co., Ltd. 12,800 214,123 Nippon Piston Ring Co., Ltd. 5,800 114,014 Nippon Road Co., Ltd. (The) 51,000 284,860 Nippon Seiki Co., Ltd. 33,000 631,828 Nippon Seisen Co., Ltd. 12,000 89,174 #* Nippon Sharyo, Ltd. 65,000 169,092 * Nippon Sheet Glass Co., Ltd. 63,300 535,638 Nippon Shokubai Co., Ltd. 9,200 601,874 Nippon Signal Co., Ltd. 35,400 359,436 Nippon Soda Co., Ltd. 85,000 476,944 Nippon Steel & Sumikin Bussan Corp. 11,400 587,631 Nippon Steel & Sumitomo Metal Corp. 80,906 1,986,072 Nippon Suisan Kaisha, Ltd. 181,000 1,056,325 Nippon Systemware Co., Ltd. 6,100 100,274 Nippon Thompson Co., Ltd. 42,000 239,948 Nippon Valqua Industries, Ltd. 9,200 243,098 Nippon View Hotel Co., Ltd. 3,100 39,184 Nippon Yakin Kogyo Co., Ltd. 72,400 145,606 * Nippon Yusen K.K. 615,217 1,174,445 Nipro Corp. 69,600 944,112 Nishi-Nippon Financial Holdings, Inc. 83,000 933,837 Nishi-Nippon Railroad Co., Ltd. 45,000 198,330 Nishikawa Rubber Co., Ltd. 1,400 28,212 Nishimatsu Construction Co., Ltd. 225,000 1,294,859 Nishimatsuya Chain Co., Ltd. 28,000 306,653 Nishio Rent All Co., Ltd. 9,200 306,250 Nissan Chemical Industries, Ltd. 10,400 345,237 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nissan Motor Co., Ltd. 250,000 $2,482,314 Nissan Shatai Co., Ltd. 44,800 463,838 Nissan Tokyo Sales Holdings Co., Ltd. 18,900 71,726 Nissei ASB Machine Co., Ltd. 4,300 148,168 Nissei Build Kogyo Co., Ltd. 31,000 179,081 Nissei Plastic Industrial Co., Ltd. 9,100 95,160 # Nissha Printing Co., Ltd. 12,900 352,973 Nisshin Fudosan Co. 21,900 122,067 Nisshin Oillio Group, Ltd. (The) 105,000 621,601 Nisshin Seifun Group, Inc. 7,465 122,586 Nisshin Steel Co., Ltd. 36,140 442,801 Nisshinbo Holdings, Inc. 96,300 975,192 Nissin Corp. 51,000 246,651 Nissin Electric Co., Ltd. 29,200 354,624 Nissin Foods Holdings Co., Ltd. 2,200 138,214 Nissin Kogyo Co., Ltd. 28,200 472,286 Nissin Sugar Co., Ltd. 9,400 162,197 Nissui Pharmaceutical Co., Ltd. 7,600 95,918 Nitori Holdings Co., Ltd. 2,200 310,469 Nitta Corp. 11,100 356,497 Nitta Gelatin, Inc. 7,100 48,821 Nittan Valve Co., Ltd. 6,300 23,277 Nittetsu Mining Co., Ltd. 3,800 213,282 Nitto Boseki Co., Ltd. 84,000 489,390 Nitto Denko Corp. 7,600 677,684 Nitto FC Co., Ltd. 9,895 81,838 Nitto Kogyo Corp. 19,300 312,604 Nitto Kohki Co., Ltd. 5,200 123,568 Nitto Seiko Co., Ltd. 19,500 95,930 Nittoc Construction Co., Ltd. 27,600 145,996 Nittoku Engineering Co., Ltd. 7,700 237,829 Noda Corp. 10,400 96,699 Noevir Holdings Co., Ltd. 1,600 82,934 NOF Corp. 53,000 720,099 Nohmi Bosai, Ltd. 12,400 190,684 Nojima Corp. 18,600 301,049 NOK Corp. 41,800 956,804 Nomura Co., Ltd. 9,000 190,444 Nomura Holdings, Inc. 210,200 1,248,845 Nomura Holdings, Inc. Sponsored ADR 13,920 83,102 Nomura Real Estate Holdings, Inc. 44,000 872,131 Nomura Research Institute, Ltd. 5,082 190,236 Noritake Co., Ltd. 7,200 276,003 Noritsu Koki Co., Ltd. 16,000 147,299 Noritz Corp. 19,400 380,497 North Pacific Bank, Ltd. 230,700 773,350 Nozawa Corp. 3,700 47,647 NS Solutions Corp. 9,800 206,323 NS United Kaiun Kaisha, Ltd. 74,000 154,667 NSD Co., Ltd. 11,840 225,829 NSK, Ltd. 43,100 555,570 NTN Corp. 246,000 1,144,892 NTT Data Corp. 21,000 228,750 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) NTT DOCOMO, Inc. 49,672 $1,153,483 NTT DOCOMO, Inc. Sponsored ADR 3,100 72,044 NTT Urban Development Corp. 8,000 81,852 # Nuflare Technology, Inc. 2,100 112,369 # OAK Capital Corp. 23,400 56,866 Obara Group, Inc. 6,600 364,919 Obayashi Corp. 45,300 545,442 Obic Co., Ltd. 2,700 168,800 # Odelic Co., Ltd. 3,200 146,957 Oenon Holdings, Inc. 45,000 111,818 Ogaki Kyoritsu Bank, Ltd. (The) 226,000 652,926 Ohara, Inc. 8,600 108,537 Ohashi Technica, Inc. 5,600 71,883 Ohmoto Gumi Co., Ltd. 2,000 16,350 Ohsho Food Service Corp. 4,700 182,846 OIE Sangyo Co., Ltd. 1,187 13,359 Oiles Corp. 9,316 166,605 Oita Bank, Ltd. (The) 82,000 308,992 Oji Holdings Corp. 220,000 1,128,261 Okabe Co., Ltd. 21,300 208,506 # Okamoto Industries, Inc. 24,000 262,730 Okamoto Machine Tool Works, Ltd. 37,000 95,668 Okamura Corp. 46,800 475,776 Okasan Securities Group, Inc. 109,000 660,129 Oki Electric Industry Co., Ltd. 37,000 506,609 Okinawa Cellular Telephone Co. 4,900 172,264 Okinawa Electric Power Co., Inc. (The) 8,497 200,404 # OKK Corp. 63,000 81,058 OKUMA Corp. 70,000 672,914 Okumura Corp. 135,000 982,401 Okura Industrial Co., Ltd. 31,000 200,407 Okuwa Co., Ltd. 19,000 202,302 Olympic Group Corp. 2,300 12,264 # Olympus Corp. 7,200 261,336 Omron Corp. 9,700 483,953 ONO Sokki Co., Ltd. 4,000 27,227 Onoken Co., Ltd. 11,000 182,935 Onward Holdings Co., Ltd. 91,000 660,176 Ootoya Holdings Co., Ltd. 1,500 27,819 Open House Co., Ltd. 9,800 324,353 # OPT Holdings, Inc. 7,300 92,089 Optex Group Co., Ltd. 4,600 154,460 Oracle Corp. 1,000 67,215 Organo Corp. 34,000 181,241 # Orient Corp. 49,700 83,825 Origin Electric Co., Ltd. 21,000 59,588 ORIX Corp. 103,100 1,636,034 Osaka Organic Chemical Industry, Ltd. 12,000 142,522 Osaka Soda Co., Ltd. 46,000 231,529 Osaka Steel Co., Ltd. 9,900 204,022 OSAKA Titanium Technologies Co., Ltd. 1,700 26,232 Osaki Electric Co., Ltd. 32,000 244,644 # OSG Corp. 25,000 527,108 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) OSJB Holdings Corp. 43,900 $ 120,583 Otsuka Corp. 3,100 203,072 Otsuka Holdings Co., Ltd. 7,000 308,275 # Otsuka Kagu, Ltd. 10,000 80,415 # OUG Holdings, Inc. 15,000 36,034 Outsourcing, Inc. 4,200 209,800 Oyo Corp. 13,900 201,466 Pacific Industrial Co., Ltd. 24,700 321,095 #* Pacific Metals Co., Ltd. 109,000 292,407 Pack Corp. (The) 4,900 158,513 PAL GROUP Holdings Co., Ltd. 7,000 223,430 PALTAC Corp. 19,950 723,834 Paltek Corp. 3,900 33,961 PanaHome Corp. 48,000 521,291 Panasonic Corp. 88,423 1,217,875 Panasonic Corp. Sponsored ADR 26,580 370,259 Paraca, Inc. 1,700 34,346 Paramount Bed Holdings Co., Ltd. 7,100 323,476 Parco Co., Ltd. 14,506 178,788 Paris Miki Holdings, Inc. 15,600 65,492 # Park24 Co., Ltd. 6,800 172,093 # Pasco Corp. 13,000 43,846 Pasona Group, Inc. 11,100 123,383 # PC Depot Corp. 24,240 139,527 Pegasus Sewing Machine Manufacturing Co., Ltd. 14,400 97,002 Penta-Ocean Construction Co., Ltd. 116,800 695,785 PIA Corp. 2,000 70,942 Pigeon Corp. 8,400 311,360 Pilot Corp. 9,600 418,163 Piolax, Inc. 15,600 430,949 #* Pioneer Corp. 249,400 492,472 Plenus Co., Ltd. 9,500 222,516 Pocket Card Co., Ltd. 14,900 97,876 Pola Orbis Holdings, Inc. 4,800 133,168 Poletowin Pitcrew Holdings, Inc. 3,300 43,994 Press Kogyo Co., Ltd. 66,900 314,666 Pressance Corp. 20,000 276,050 Prestige International, Inc. 22,800 249,714 Prima Meat Packers, Ltd. 99,000 632,031 Pronexus, Inc. 6,000 67,993 # Prospect Co., Ltd. 157,000 101,005 Proto Corp. 3,200 50,021 PS Mitsubishi Construction Co., Ltd. 20,300 93,118 Punch Industry Co., Ltd. 5,200 62,429 Qol Co., Ltd. 6,300 101,648 Quick Co., Ltd. 2,400 34,468 Raito Kogyo Co., Ltd. 28,500 307,864 Rakuten, Inc. 7,600 92,835 Rasa Corp. 4,200 34,652 Rasa Industries, Ltd. 64,000 90,359 # Raysum Co., Ltd. 9,400 84,005 Relia, Inc. 1,100 11,759 Relo Group, Inc. 29,000 582,074 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Renaissance, Inc. 6,300 $ 114,070 Renesas Easton Co., Ltd. 10,000 53,533 Rengo Co., Ltd. 128,200 727,755 #* Renown, Inc. 44,300 82,663 Resona Holdings, Inc. 288,200 1,484,708 Resorttrust, Inc. 14,800 272,817 Retail Partners Co., Ltd. 1,300 13,724 Rheon Automatic Machinery Co., Ltd. 12,800 138,465 Rhythm Watch Co., Ltd. 54,000 115,156 Riberesute Corp. 10,100 80,950 Ricoh Co., Ltd. 205,700 1,934,097 Ricoh Leasing Co., Ltd. 10,200 356,392 Ride On Express Co., Ltd. 4,500 41,314 # Right On Co., Ltd. 11,600 105,237 Riken Corp. 5,600 262,096 Riken Keiki Co., Ltd. 7,400 139,898 # Riken Technos Corp. 21,500 120,053 Riken Vitamin Co., Ltd. 2,400 93,826 Ringer Hut Co., Ltd. 5,700 131,690 Rinnai Corp. 1,400 130,701 Rion Co., Ltd. 7,200 127,396 Riso Kagaku Corp. 11,400 238,380 Riso Kyoiku Co., Ltd. 5,400 40,426 Rock Field Co., Ltd. 8,400 142,062 Rohm Co., Ltd. 8,100 626,038 Rohto Pharmaceutical Co., Ltd. 20,800 420,167 Rokko Butter Co., Ltd. 5,000 113,035 Roland DG Corp. 6,100 152,865 # Rorze Corp. 1,900 40,948 Round One Corp. 53,500 571,380 Royal Holdings Co., Ltd. 9,600 230,124 #* RVH, Inc. 13,000 84,301 Ryobi, Ltd. 96,000 453,996 Ryoden Corp. 25,000 181,900 Ryohin Keikaku Co., Ltd. 1,500 383,465 Ryosan Co., Ltd. 22,000 860,449 Ryoyo Electro Corp. 16,900 272,305 # S Foods, Inc. 7,200 268,070 S&B Foods, Inc. 200 12,533 Sac's Bar Holdings, Inc. 12,150 133,556 Saibu Gas Co., Ltd. 67,000 168,255 Saizeriya Co., Ltd. 8,100 235,643 Sakai Chemical Industry Co., Ltd. 61,000 247,202 Sakai Heavy Industries, Ltd. 26,000 80,366 Sakai Moving Service Co., Ltd. 5,000 241,313 Sakai Ovex Co., Ltd. 4,500 74,010 Sakata INX Corp. 18,600 336,341 # Sakata Seed Corp. 1,700 51,882 Sala Corp. 19,600 163,302 SAMTY Co., Ltd. 12,500 183,426 San-A Co., Ltd. 6,700 298,823 San-Ai Oil Co., Ltd. 39,800 404,374 San-In Godo Bank, Ltd. (The) 90,500 735,067 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) * Sanden Holdings Corp. 78,000 $ 222,477 # Sanei Architecture Planning Co., Ltd. 5,400 96,295 Sangetsu Corp. 26,000 468,444 Sanken Electric Co., Ltd. 98,000 496,809 Sanki Engineering Co., Ltd. 31,600 357,266 # Sanko Marketing Foods Co., Ltd. 600 5,327 Sanko Metal Industrial Co., Ltd. 1,700 51,218 Sankyo Co., Ltd. 17,200 564,545 Sankyo Frontier Co., Ltd. 2,000 26,213 Sankyo Seiko Co., Ltd. 21,000 74,461 # Sankyo Tateyama, Inc. 17,800 251,468 Sankyu, Inc. 130,000 979,139 Sanoh Industrial Co., Ltd. 16,500 118,959 Sanoyas Holdings Corp. 14,700 34,247 # Sanrio Co., Ltd. 9,400 188,793 Sansei Technologies, Inc. 9,500 80,828 # Sansha Electric Manufacturing Co., Ltd. 5,900 30,336 Sanshin Electronics Co., Ltd. 19,600 246,504 Santen Pharmaceutical Co., Ltd. 8,500 119,751 Sanwa Holdings Corp. 53,000 573,917 Sanyo Chemical Industries, Ltd. 8,700 413,157 Sanyo Denki Co., Ltd. 34,000 378,725 Sanyo Electric Railway Co., Ltd. 22,000 112,685 Sanyo Housing Nagoya Co., Ltd. 8,000 81,746 # Sanyo Shokai, Ltd. 8,237 124,047 Sanyo Special Steel Co., Ltd. 82,000 497,534 Sanyo Trading Co., Ltd. 5,300 120,757 Sapporo Holdings, Ltd. 35,400 964,170 Sata Construction Co., Ltd. 6,200 25,620 Sato Holdings Corp. 11,200 268,613 Sato Shoji Corp. 4,500 40,560 Satori Electric Co., Ltd. 13,000 107,222 # Sawada Holdings Co., Ltd. 13,300 120,761 Sawai Pharmaceutical Co., Ltd. 8,700 490,347 # Saxa Holdings, Inc. 48,000 97,880 SBI Holdings, Inc. 106,050 1,517,211 SBS Holdings, Inc. 14,300 109,133 # Scala, Inc. 13,400 103,089 SCREEN Holdings Co., Ltd. 9,600 641,686 Scroll Corp. 25,900 90,478 SCSK Corp. 1,655 69,841 Secom Co., Ltd. 4,900 367,637 Secom Joshinetsu Co., Ltd. 200 6,305 Sega Sammy Holdings, Inc. 59,800 806,865 Seibu Electric Industry Co., Ltd. 2,600 56,386 # Seibu Holdings, Inc. 7,600 132,580 Seika Corp. 38,000 164,275 Seikitokyu Kogyo Co., Ltd. 23,900 129,594 # Seiko Epson Corp. 30,800 810,731 Seiko Holdings Corp. 115,000 513,354 Seikoh Giken Co., Ltd. 800 13,721 Seino Holdings Co., Ltd. 92,600 1,246,846 Seiren Co., Ltd. 20,300 343,095 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Sekisui Chemical Co., Ltd. 32,000 $ 589,451 Sekisui House, Ltd. 60,940 1,054,883 Sekisui Jushi Corp. 20,800 378,251 Sekisui Plastics Co., Ltd. 15,500 132,494 Senko Group Holdings Co., Ltd. 68,200 464,277 Senshu Electric Co., Ltd. 3,700 74,469 Senshu Ikeda Holdings, Inc. 171,440 710,164 Senshukai Co., Ltd. 24,700 152,219 # Septeni Holdings Co., Ltd. 26,100 79,792 Seria Co., Ltd. 11,600 575,735 Seven & I Holdings Co., Ltd. 12,900 519,930 # Seven Bank, Ltd. 77,600 307,091 SFP Holdings Co., Ltd. 3,700 58,406 #* Sharp Corp. 227,000 799,083 Shibaura Electronics Co., Ltd. 3,600 121,331 Shibaura Mechatronics Corp. 20,000 61,690 Shibusawa Warehouse Co., Ltd. (The) 30,000 98,775 Shibuya Corp. 6,200 188,775 # Shidax Corp. 6,800 27,450 Shiga Bank, Ltd. (The) 153,108 811,418 Shikibo, Ltd. 91,000 123,800 Shikoku Bank, Ltd. (The) 118,000 316,413 Shikoku Chemicals Corp. 18,000 230,401 # Shikoku Electric Power Co., Inc. 10,100 121,371 Shima Seiki Manufacturing, Ltd. 11,000 534,968 Shimachu Co., Ltd. 33,500 838,296 Shimadzu Corp. 16,000 315,039 Shimamura Co., Ltd. 900 111,909 Shimane Bank, Ltd. (The) 1,300 15,589 Shimizu Bank, Ltd. (The) 5,100 161,896 Shimizu Corp. 42,000 443,771 Shimojima Co., Ltd. 1,600 16,119 Shin Nippon Air Technologies Co., Ltd. 9,600 138,386 * Shin Nippon Biomedical Laboratories, Ltd. 6,300 34,668 Shin-Etsu Chemical Co., Ltd. 9,900 905,503 Shin-Etsu Polymer Co., Ltd. 31,400 304,249 Shin-Keisei Electric Railway Co., Ltd. 5,000 18,899 Shinagawa Refractories Co., Ltd. 43,000 117,315 Shindengen Electric Manufacturing Co., Ltd. 50,000 259,305 #* Shinkawa, Ltd. 15,200 102,503 Shinko Electric Industries Co., Ltd. 50,000 363,798 Shinko Plantech Co., Ltd. 33,600 287,104 Shinko Shoji Co., Ltd. 18,100 236,527 Shinmaywa Industries, Ltd. 59,000 515,870 Shinnihon Corp. 18,600 151,503 # Shinoken Group Co., Ltd. 10,200 242,723 Shinsei Bank, Ltd. 354,000 583,481 Shinsho Corp. 4,800 127,032 Shinwa Co., Ltd. 2,100 41,812 Shionogi & Co., Ltd. 1,000 53,390 Ship Healthcare Holdings, Inc. 17,400 534,010 Shiseido Co., Ltd. 15,500 547,513 Shizuoka Bank, Ltd. (The) 84,000 749,447 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Shizuoka Gas Co., Ltd. 45,400 $ 343,392 Shobunsha Publications, Inc. 5,200 35,368 Shoei Co., Ltd. 1,100 31,509 Shoei Foods Corp. 8,500 363,759 Shofu, Inc. 6,100 73,125 * Shoko Co., Ltd. 44,000 41,881 Showa Aircraft Industry Co., Ltd. 2,822 30,415 * Showa Corp. 35,600 343,900 Showa Denko K.K. 87,900 2,287,984 #* Showa Holdings Co., Ltd. 19,200 24,682 Showa Sangyo Co., Ltd. 42,000 228,231 Showa Shell Sekiyu K.K. 48,600 529,388 # Siix Corp. 9,400 400,609 Sinanen Holdings Co., Ltd. 5,200 105,506 Sinfonia Technology Co., Ltd. 83,000 348,322 Sinko Industries, Ltd. 10,500 160,414 Sintokogio, Ltd. 29,600 311,710 SK-Electronics Co., Ltd. 7,500 92,540 SKY Perfect JSAT Holdings, Inc. 113,700 510,402 SMC Corp. 400 127,163 SMK Corp. 34,000 143,578 SMS Co., Ltd. 9,300 294,296 SNT Corp. 8,200 53,815 Sodick Co., Ltd. 31,600 384,854 Soft99 Corp. 4,000 32,358 SoftBank Group Corp. 1,200 96,717 Softbank Technology Corp. 4,600 73,781 # Softbrain Co., Ltd. 10,100 39,593 Software Service, Inc. 400 18,147 Sogo Medical Co., Ltd. 5,000 228,718 Sohgo Security Services Co., Ltd. 8,000 339,111 Sojitz Corp. 476,500 1,200,336 Soken Chemical & Engineering Co., Ltd. 5,200 73,009 Sompo Holdings, Inc. 40,250 1,578,693 Sony Corp. 26,100 1,072,301 Sony Corp. Sponsored ADR 57,811 2,374,298 # Sony Financial Holdings, Inc. 8,700 150,406 #* Sosei Group Corp. 3,600 373,510 Sotetsu Holdings, Inc. 30,000 146,878 Sotoh Co., Ltd. 4,900 51,307 # Sourcenext Corp. 8,100 42,024 Space Co., Ltd. 2,000 26,812 Sparx Group Co., Ltd. 26,300 52,420 SPK Corp. 1,082 28,674 Square Enix Holdings Co., Ltd. 7,700 251,934 SRA Holdings 2,600 71,279 Srg Takamiya Co., Ltd. 11,700 61,167 ST Corp. 2,200 55,209 St Marc Holdings Co., Ltd. 7,400 231,279 Stanley Electric Co., Ltd. 12,600 416,227 Star Mica Co., Ltd. 1,400 39,981 Star Micronics Co., Ltd. 9,900 163,899 Start Today Co., Ltd. 14,100 397,856 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Starts Corp., Inc. 12,000 $ 313,554 Starzen Co., Ltd. 3,900 174,725 # Stella Chemifa Corp. 7,800 219,256 Step Co., Ltd. 3,800 50,333 * Striders Corp. 20,000 11,603 Studio Alice Co., Ltd. 6,600 154,989 Subaru Corp. 5,800 209,247 Subaru Enterprise Co., Ltd. 1,200 67,921 Sugi Holdings Co., Ltd. 1,600 81,636 Sugimoto & Co., Ltd. 5,800 85,512 # Sumco Corp. 55,900 904,691 Sumida Corp. 14,600 279,273 # Suminoe Textile Co., Ltd. 43,000 120,821 Sumiseki Holdings, Inc. 12,200 12,046 Sumitomo Bakelite Co., Ltd. 113,000 820,905 Sumitomo Chemical Co., Ltd. 458,000 2,676,607 Sumitomo Corp. 77,400 1,046,201 Sumitomo Dainippon Pharma Co., Ltd. 7,600 106,460 Sumitomo Densetsu Co., Ltd. 12,900 205,455 Sumitomo Electric Industries, Ltd. 126,600 2,046,420 Sumitomo Forestry Co., Ltd. 52,900 809,768 Sumitomo Heavy Industries, Ltd. 228,000 1,662,215 Sumitomo Metal Mining Co., Ltd. 73,000 1,102,495 Sumitomo Mitsui Construction Co., Ltd. 320,300 348,253 Sumitomo Mitsui Financial Group, Inc. 88,341 3,408,706 Sumitomo Mitsui Trust Holdings, Inc. 23,800 874,008 Sumitomo Osaka Cement Co., Ltd. 264,000 1,235,735 Sumitomo Precision Products Co., Ltd. 20,000 65,027 Sumitomo Realty & Development Co., Ltd. 6,000 181,634 Sumitomo Riko Co., Ltd. 27,400 286,604 Sumitomo Rubber Industries, Ltd. 76,800 1,331,726 Sumitomo Seika Chemicals Co., Ltd. 8,600 432,385 Sumitomo Warehouse Co., Ltd. (The) 94,000 602,330 # Sun Corp. 15,300 98,013 Sun Frontier Fudousan Co., Ltd. 21,900 233,720 Sun-Wa Technos Corp. 6,200 105,502 Suncall Corp. 4,700 27,391 Sundrug Co., Ltd. 3,200 119,207 Suruga Bank, Ltd. 14,400 347,240 Suzuden Corp. 1,400 17,117 Suzuken Co., Ltd. 29,560 987,214 Suzuki Motor Corp. 13,800 654,138 * SWCC Showa Holdings Co., Ltd. 134,000 110,504 Systena Corp. 5,500 126,083 T Hasegawa Co., Ltd. 13,400 282,279 T RAD Co., Ltd. 50,000 157,990 T&D Holdings, Inc. 57,700 851,176 T&K Toka Co., Ltd. 12,300 134,926 T-Gaia Corp. 8,300 166,107 # Tabuchi Electric Co., Ltd. 16,500 50,632 Tachi-S Co., Ltd. 20,000 364,867 Tachibana Eletech Co., Ltd. 9,520 137,681 Tachikawa Corp. 8,200 95,513 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Tadano, Ltd. 64,200 $ 795,153 Taihei Dengyo Kaisha, Ltd. 23,000 332,402 Taiheiyo Cement Corp. 495,675 1,859,911 Taiheiyo Kouhatsu, Inc. 63,000 60,534 Taiho Kogyo Co., Ltd. 13,600 191,722 Taikisha, Ltd. 9,000 242,068 Taiko Bank, Ltd. (The) 56,000 119,215 # Taiko Pharmaceutical Co., Ltd. 5,100 102,782 Taisei Corp. 45,000 430,741 Taisei Lamick Co., Ltd. 2,900 76,544 Taisho Pharmaceutical Holdings Co., Ltd. 800 59,930 Taiyo Holdings Co., Ltd. 4,200 199,570 # Taiyo Nippon Sanso Corp. 25,000 288,924 Taiyo Yuden Co., Ltd. 74,900 1,257,723 Takamatsu Construction Group Co., Ltd. 9,100 238,748 Takano Co., Ltd. 4,800 51,063 Takaoka Toko Co., Ltd. 8,664 145,041 Takara Holdings, Inc. 14,600 145,789 Takara Leben Co., Ltd. 58,400 267,905 Takara Standard Co., Ltd. 27,100 455,025 Takasago International Corp. 9,700 381,007 Takasago Thermal Engineering Co., Ltd. 22,800 380,544 Takashima & Co., Ltd. 26,000 50,672 Takashimaya Co., Ltd. 115,000 1,052,002 Take And Give Needs Co., Ltd. 9,470 66,677 TAKEBISHI Corp. 2,200 29,313 Takeda Pharmaceutical Co., Ltd. 10,200 538,834 Takeei Corp. 17,000 172,185 Takeuchi Manufacturing Co., Ltd. 24,300 471,012 Taki Chemical Co., Ltd. 800 33,213 Takihyo Co., Ltd. 17,000 71,532 Takisawa Machine Tool Co., Ltd. 50,000 79,748 Takuma Co., Ltd. 32,000 327,736 Tama Home Co., Ltd. 14,600 96,609 Tamron Co., Ltd. 8,500 159,441 Tamura Corp. 42,000 229,488 # Tanseisha Co., Ltd. 13,650 137,640 Tatsuta Electric Wire and Cable Co., Ltd. 31,000 198,740 Tayca Corp. 23,000 203,427 Tazmo Co., Ltd. 3,400 67,259 TBK Co., Ltd. 14,600 65,748 TDC Software Engineering, Inc. 1,200 13,561 TDK Corp. 22,000 1,581,172 #* Teac Corp. 23,000 10,663 TechMatrix Corp. 3,200 53,437 Techno Ryowa, Ltd. 7,000 53,921 TechnoPro Holdings, Inc. 2,200 94,387 Tecnos Japan, Inc. 2,900 28,854 Teijin, Ltd. 68,200 1,367,367 Teikoku Electric Manufacturing Co., Ltd. 5,200 54,031 Teikoku Sen-I Co., Ltd. 11,600 211,299 Teikoku Tsushin Kogyo Co., Ltd. 16,000 33,347 # Tekken Corp. 45,000 138,176 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Tenma Corp. 10,600 $ 213,911 Tenpos Busters Co., Ltd. 2,200 38,713 Terumo Corp. 1,400 52,934 THK Co., Ltd. 27,400 836,624 Tigers Polymer Corp. 5,900 39,718 TIS, Inc. 37,000 1,118,504 TKC Corp. 7,500 218,185 Toa Corp.(6894434) 16,300 169,992 * Toa Corp.(6894508) 12,300 200,827 Toa Oil Co., Ltd. 44,000 57,457 TOA ROAD Corp. 31,000 128,099 # Toabo Corp. 3,800 19,387 Toagosei Co., Ltd. 79,500 958,933 Tobishima Corp. 135,800 207,846 Tobu Store Co., Ltd. 1,900 54,692 TOC Co., Ltd. 15,400 144,713 Tocalo Co., Ltd. 8,600 328,595 Tochigi Bank, Ltd. (The) 51,000 207,524 Toda Corp. 122,000 838,714 # Toda Kogyo Corp. 31,000 117,618 Toei Animation Co., Ltd. 900 68,459 Toei Co., Ltd. 46,000 468,999 Toell Co., Ltd. 1,700 13,913 Toenec Corp. 24,000 145,734 Togami Electric Manufacturing Co., Ltd. 10,000 43,873 Toho Bank, Ltd. (The) 138,000 481,501 Toho Co., Ltd.(6895200) 4,900 176,583 Toho Co., Ltd.(6895211) 3,000 78,806 Toho Gas Co., Ltd. 23,000 155,866 # Toho Holdings Co., Ltd. 39,100 772,955 # Toho Titanium Co., Ltd. 21,200 164,182 Toho Zinc Co., Ltd. 112,000 482,261 Tohoku Bank, Ltd. (The) 41,000 56,480 Tohto Suisan Co., Ltd. 1,600 27,295 Tokai Carbon Co., Ltd. 151,100 975,111 Tokai Corp. 4,100 181,169 # TOKAI Holdings Corp. 56,600 435,252 Tokai Lease Co., Ltd. 5,000 9,704 Tokai Rika Co., Ltd. 37,600 690,426 Tokai Tokyo Financial Holdings, Inc. 117,000 682,460 Token Corp. 3,320 422,090 Tokio Marine Holdings, Inc. 28,116 1,182,369 Tokushu Tokai Paper Co., Ltd. 7,100 267,089 * Tokuyama Corp. 139,000 631,485 Tokyo Broadcasting System Holdings, Inc. 13,800 260,836 Tokyo Century Corp. 13,000 553,722 Tokyo Dome Corp. 51,600 496,635 Tokyo Electron Device, Ltd. 5,000 81,049 Tokyo Electron, Ltd. 9,300 1,307,930 Tokyo Energy & Systems, Inc. 17,000 166,369 # Tokyo Individualized Educational Institute, Inc. 8,200 94,385 # Tokyo Keiki, Inc. 42,000 110,406 Tokyo Ohka Kogyo Co., Ltd. 13,900 452,470 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Tokyo Radiator Manufacturing Co., Ltd. 4,000 $ 37,062 Tokyo Rakutenchi Co., Ltd. 1,000 53,234 Tokyo Rope Manufacturing Co., Ltd. 8,300 127,101 Tokyo Sangyo Co., Ltd. 8,200 34,108 Tokyo Seimitsu Co., Ltd. 15,600 541,106 Tokyo Steel Manufacturing Co., Ltd. 48,100 412,322 Tokyo Tatemono Co., Ltd. 52,800 718,431 Tokyo Tekko Co., Ltd. 24,000 98,783 # Tokyo Theatres Co., Inc. 51,000 67,037 Tokyo TY Financial Group, Inc. 20,687 550,556 Tokyotokeiba Co., Ltd. 5,700 185,083 Tokyu Construction Co., Ltd. 44,430 355,304 Tokyu Fudosan Holdings Corp. 189,182 1,134,821 Tokyu Recreation Co., Ltd. 3,853 29,316 Toli Corp. 35,000 113,879 Tomato Bank, Ltd. 3,400 47,393 Tomoe Corp. 20,300 67,225 Tomoe Engineering Co., Ltd. 6,200 101,925 Tomoegawa Co., Ltd. 6,000 14,643 Tomoku Co., Ltd. 40,000 141,443 TOMONY Holdings, Inc. 100,500 491,459 Tomy Co., Ltd. 37,200 455,046 Tonami Holdings Co., Ltd. 40,000 157,270 Topcon Corp. 29,800 509,863 Toppan Forms Co., Ltd. 34,800 361,833 Toppan Printing Co., Ltd. 86,000 908,823 Topre Corp. 22,400 590,484 Topy Industries, Ltd. 12,400 380,837 Toray Industries, Inc. 53,000 478,586 # Torex Semiconductor, Ltd. 1,600 26,624 Toridoll Holdings Corp. 11,300 316,743 Torigoe Co., Ltd. (The) 8,000 59,478 Torii Pharmaceutical Co., Ltd. 11,300 315,562 Torishima Pump Manufacturing Co., Ltd. 14,500 148,188 Tosei Corp. 24,800 193,832 #* Toshiba Corp. 181,000 410,695 Toshiba Machine Co., Ltd. 84,000 398,884 Toshiba Plant Systems & Services Corp. 18,500 301,260 Toshiba TEC Corp. 83,000 459,415 Tosho Co., Ltd. 2,700 124,706 Tosho Printing Co., Ltd. 30,000 148,041 Tosoh Corp. 181,000 2,143,063 Totetsu Kogyo Co., Ltd. 8,070 251,962 TOTO, Ltd. 7,499 301,770 Tottori Bank, Ltd. (The) 4,400 67,904 Toukei Computer Co., Ltd. 2,100 53,507 Tow Co., Ltd. 9,600 76,630 Towa Bank, Ltd. (The) 230,000 256,165 # Towa Corp. 14,400 224,346 Towa Pharmaceutical Co., Ltd. 5,700 275,322 Toyo Construction Co., Ltd. 47,500 203,335 Toyo Corp. 15,100 145,657 Toyo Denki Seizo K.K. 4,800 83,762 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Toyo Engineering Corp. 102,000 $ 268,272 Toyo Ink SC Holdings Co., Ltd. 133,000 689,136 Toyo Kanetsu K.K. 66,000 216,034 Toyo Kohan Co., Ltd. 34,800 152,971 Toyo Machinery & Metal Co., Ltd. 12,000 86,688 Toyo Securities Co., Ltd. 44,000 99,937 Toyo Seikan Group Holdings, Ltd. 60,000 983,540 Toyo Sugar Refining Co., Ltd. 8,000 8,703 Toyo Suisan Kaisha, Ltd. 4,400 159,853 Toyo Tanso Co., Ltd. 9,500 159,001 Toyo Tire & Rubber Co., Ltd. 46,700 958,589 Toyo Wharf & Warehouse Co., Ltd. 37,000 63,095 Toyobo Co., Ltd. 556,000 1,058,683 Toyoda Gosei Co., Ltd. 32,800 773,900 Toyota Boshoku Corp. 15,100 315,356 Toyota Industries Corp. 7,600 407,755 Toyota Motor Corp. 73,263 4,129,091 Toyota Motor Corp. Sponsored ADR 36,827 4,155,559 Toyota Tsusho Corp. 67,000 2,153,918 TPR Co., Ltd. 10,400 328,423 Trancom Co., Ltd. 3,300 163,095 Transcosmos, Inc. 10,900 261,963 Trend Micro, Inc. 4,200 210,052 Trusco Nakayama Corp. 20,800 533,481 Trust Tech, Inc. 1,200 25,216 TS Tech Co., Ltd. 34,400 1,019,533 TSI Holdings Co., Ltd. 51,305 370,491 Tsubakimoto Chain Co. 73,000 619,364 Tsubakimoto Kogyo Co., Ltd. 4,000 18,372 #* Tsudakoma Corp. 40,000 68,541 Tsugami Corp. 33,000 264,529 Tsukada Global Holdings, Inc. 9,800 53,331 Tsukamoto Corp. Co., Ltd. 3,000 3,509 Tsukishima Kikai Co., Ltd. 22,700 257,353 Tsukuba Bank, Ltd. 66,900 200,576 Tsukui Corp. 30,400 184,606 Tsumura & Co. 16,700 649,071 Tsuruha Holdings, Inc. 2,200 230,827 Tsurumi Manufacturing Co., Ltd. 12,300 206,003 Tsutsumi Jewelry Co., Ltd. 4,900 88,664 TV Asahi Holdings Corp. 16,800 305,481 Tv Tokyo Holdings Corp. 9,900 205,964 #* U-Shin, Ltd. 13,200 88,653 UACJ Corp. 204,067 602,316 Ube Industries, Ltd. 651,200 1,764,017 Uchida Yoko Co., Ltd. 6,200 154,367 Uchiyama Holdings Co., Ltd. 2,300 9,700 Ueki Corp. 18,000 44,872 UKC Holdings Corp. 11,100 166,738 Ulvac, Inc. 23,400 1,254,602 Umenohana Co., Ltd. 600 15,240 Uniden Holdings Corp. 54,000 128,573 Union Tool Co. 4,700 139,527 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Unipres Corp. 28,000 $ 651,205 United Arrows, Ltd. 7,000 212,158 United Super Markets Holdings, Inc. 36,300 368,357 * Unitika, Ltd. 136,000 96,176 Universal Entertainment Corp. 13,000 372,965 Unizo Holdings Co., Ltd. 11,600 269,148 Ushio, Inc. 88,100 1,236,428 USS Co., Ltd. 10,200 206,053 #* UT Group Co., Ltd. 10,900 195,687 Utoc Corp. 7,500 30,341 # V Technology Co., Ltd. 1,200 205,442 Valor Holdings Co., Ltd. 21,300 481,377 Vector, Inc. 10,800 157,191 VIA Holdings, Inc. 3,000 26,309 # Village Vanguard Co., Ltd. 2,700 25,091 # Vital KSK Holdings, Inc. 27,600 221,067 Vitec Holdings Co., Ltd. 5,000 63,973 VT Holdings Co., Ltd. 39,600 202,427 # W-Scope Corp. 2,200 46,706 Wacoal Holdings Corp. 92,000 1,292,401 Wakachiku Construction Co., Ltd. 95,000 149,893 Wakita & Co., Ltd. 28,500 321,423 Warabeya Nichiyo Holdings Co., Ltd. 10,300 278,109 Watahan & Co., Ltd. 3,300 69,590 # WATAMI Co., Ltd. 8,100 99,019 Watts Co., Ltd. 1,700 22,258 WDB Holdings Co., Ltd. 1,900 39,724 Weathernews, Inc. 1,700 52,863 Welcia Holdings Co., Ltd. 7,600 288,803 # Wellnet Corp. 4,000 49,604 # West Holdings Corp. 15,900 122,733 WIN-Partners Co., Ltd. 2,000 25,347 Wood One Co., Ltd. 6,000 15,679 World Holdings Co., Ltd. 3,200 77,857 Wowow, Inc. 4,400 127,835 Xebio Holdings Co., Ltd. 21,000 395,519 # YAC Holdings Co., Ltd. 6,500 80,621 Yachiyo Industry Co., Ltd. 3,900 45,154 Yahagi Construction Co., Ltd. 18,600 154,130 Yaizu Suisankagaku Industry Co., Ltd. 5,700 62,480 Yakult Honsha Co., Ltd. 1,700 115,847 YAMABIKO Corp. 22,700 274,469 # Yamada Denki Co., Ltd. 137,808 736,011 Yamagata Bank, Ltd. (The) 98,000 444,875 Yamaguchi Financial Group, Inc. 72,000 847,428 Yamaha Corp. 18,500 654,219 Yamaha Motor Co., Ltd. 18,400 462,126 Yamaichi Electronics Co., Ltd. 10,500 204,407 Yamanashi Chuo Bank, Ltd. (The) 106,000 432,973 Yamatane Corp. 6,800 100,658 Yamato Corp. 10,100 62,820 Yamato Holdings Co., Ltd. 12,700 254,919 Yamato Kogyo Co., Ltd. 29,300 821,289 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ JAPAN -- (Continued) Yamaya Corp. 2,600 $ 37,670 Yamazaki Baking Co., Ltd. 23,000 461,394 Yamazen Corp. 20,000 205,324 Yaoko Co., Ltd. 5,800 250,260 Yashima Denki Co., Ltd. 2,000 16,646 Yaskawa Electric Corp. 31,800 852,535 Yasuda Logistics Corp. 10,800 75,829 # Yasunaga Corp. 3,200 47,522 Yellow Hat, Ltd. 9,900 255,667 Yodogawa Steel Works, Ltd. 17,000 467,447 Yokogawa Bridge Holdings Corp. 23,700 360,590 Yokogawa Electric Corp. 26,400 444,310 # Yokohama Reito Co., Ltd. 32,200 320,217 Yokohama Rubber Co., Ltd. (The) 52,799 1,063,250 Yokowo Co., Ltd. 5,600 74,032 Yomeishu Seizo Co., Ltd. 6,100 117,229 Yomiuri Land Co., Ltd. 25,000 119,190 Yondenko Corp. 12,000 66,022 Yondoshi Holdings, Inc. 3,500 87,907 # Yonex Co., Ltd. 10,000 95,811 Yorozu Corp. 15,500 261,627 # Yoshinoya Holdings Co., Ltd. 9,700 164,008 # Yuasa Funashoku Co., Ltd. 15,000 45,999 Yuasa Trading Co., Ltd. 9,500 304,384 Yuken Kogyo Co., Ltd. 23,000 48,795 # Yume No Machi Souzou Iinkai Co., Ltd. 2,900 33,028 # Yumeshin Holdings Co., Ltd. 5,500 37,487 Yurtec Corp. 30,000 203,656 Yusen Logistics Co., Ltd. 12,900 116,869 Yushiro Chemical Industry Co., Ltd. 6,300 85,774 Yutaka Giken Co., Ltd. 600 13,734 Zappallas, Inc. 5,000 23,031 Zenitaka Corp. (The) 22,000 94,806 Zenkoku Hosho Co., Ltd. 5,800 249,416 Zenrin Co., Ltd. 11,600 357,000 Zensho Holdings Co., Ltd. 31,700 573,427 Zeon Corp. 103,000 1,285,039 ZERIA Pharmaceutical Co., Ltd. 12,100 210,861 * ZIGExN Co., Ltd. 4,800 69,999 Zojirushi Corp. 13,000 135,717 Zuiko Corp. 1,900 67,035 Zuken, Inc. 12,000 157,803 ------------ TOTAL JAPAN 585,988,925 ------------ NETHERLANDS -- (2.6%) Aalberts Industries NV 59,921 2,616,248 ABN AMRO Group NV 29,953 846,629 Accell Group 16,914 515,603 Aegon NV(5927375) 412,186 2,310,489 Aegon NV(007924103) 8,969 49,956 * AFC Ajax NV 70 862 Akzo Nobel NV 22,016 1,993,198 * Altice NV Class A 2,923 72,015 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NETHERLANDS -- (Continued) AMG Advanced Metallurgical Group NV 20,949 $ 723,161 Amsterdam Commodities NV 9,035 268,383 APERAM SA 36,339 1,766,191 Arcadis NV 52,117 1,065,805 #* ArcelorMittal(03938L203) 81,969 2,144,298 * ArcelorMittal(BYPBS67) 25,558 672,903 ASM International NV 33,844 2,036,656 ASML Holding NV 8,114 1,219,728 BE Semiconductor Industries NV 25,635 1,667,519 Beter Bed Holding NV 8,345 154,924 # BinckBank NV 47,020 258,641 Boskalis Westminster 70,857 2,534,318 # Brunel International NV 12,816 196,946 Coca-Cola European Partners P.L.C. 6,219 269,924 Corbion NV 44,480 1,436,542 # Flow Traders 8,699 263,413 * Fugro NV 57,948 930,768 Gemalto NV 23,503 1,197,271 #* Heijmans NV 20,193 170,772 # Heineken NV 6,899 719,905 Hunter Douglas NV 2,925 255,940 IMCD Group NV 4,718 264,157 ING Groep NV 201,957 3,773,331 # ING Groep NV Sponsored ADR 45,326 848,956 KAS Bank NV 10,033 115,752 Kendrion NV 9,232 393,844 Koninklijke Ahold Delhaize NV 219,005 4,479,539 Koninklijke Ahold Delhaize NV Sponsored ADR 31,776 649,496 Koninklijke BAM Groep NV 153,309 911,636 Koninklijke DSM NV 63,855 4,710,475 # Koninklijke KPN NV 354,163 1,284,318 Koninklijke Philips NV(500472303) 45,594 1,740,323 Koninklijke Philips NV(5986622) 25,715 982,725 Koninklijke Vopak NV 41,052 1,954,584 Nederland Apparatenfabriek 2,519 115,705 NN Group NV 58,150 2,357,044 * OCI NV 17,420 373,199 # Ordina NV 92,413 172,683 PostNL NV 133,769 633,166 Randstad Holding NV 25,011 1,508,057 Refresco Group NV 26,929 526,161 RELX NV 68,627 1,441,469 RELX NV Sponsored ADR 8,411 177,556 SBM Offshore NV 123,209 2,130,679 Sligro Food Group NV 14,447 653,446 * Telegraaf Media Groep NV 7,861 56,011 TKH Group NV 26,815 1,640,059 * TomTom NV 78,280 830,927 Unilever NV 12,047 702,070 Van Lanschot Kempen NV 7,846 232,695 # Wessanen 35,887 632,761 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NETHERLANDS -- (Continued) Wolters Kluwer NV 51,007 $ 2,268,457 ----------- TOTAL NETHERLANDS 66,920,289 ----------- NEW ZEALAND -- (0.5%) #* a2 Milk Co., Ltd. 143,616 476,257 Air New Zealand, Ltd. 365,978 921,375 Arvida Group, Ltd. 36,916 35,770 Auckland International Airport, Ltd. 35,962 188,006 Chorus, Ltd. 233,195 781,434 Chorus, Ltd. ADR 462 7,526 Comvita, Ltd. 5,435 24,874 Contact Energy, Ltd. 77,234 310,994 EBOS Group, Ltd. 32,180 437,155 Evolve Education Group, Ltd. 24,565 18,428 Fisher & Paykel Healthcare Corp., Ltd. 58,638 483,172 Fletcher Building, Ltd.(6341606) 175,427 1,053,078 Fletcher Building, Ltd.(6341617) 3,803 22,839 Fonterra Co-operative Group, Ltd. 7,404 33,648 Freightways, Ltd. 50,209 299,729 # Genesis Energy, Ltd. 84,844 158,048 Gentrack Group, Ltd. 14,435 54,215 Hallenstein Glasson Holdings, Ltd. 5,478 12,744 Heartland Bank, Ltd. 173,888 237,684 Infratil, Ltd. 116,980 271,581 Investore Property, Ltd. 13,356 13,834 Kathmandu Holdings, Ltd. 79,869 136,218 Mainfreight, Ltd. 38,801 708,085 Mercury NZ, Ltd. 38,932 101,812 Meridian Energy, Ltd. 36,642 79,263 Metlifecare, Ltd. 125,119 525,331 # Metro Performance Glass, Ltd. 86,994 100,634 * New Zealand Oil & Gas, Ltd. 26,575 11,967 New Zealand Refining Co., Ltd. (The) 110,266 204,453 NZME, Ltd. 54,625 38,057 NZX, Ltd. 86,239 76,345 PGG Wrightson, Ltd. 54,156 23,598 # Port of Tauranga, Ltd. 60,037 210,994 Restaurant Brands New Zealand, Ltd. 38,638 186,137 Ryman Healthcare, Ltd. 16,735 110,832 Sanford, Ltd. 4,644 25,309 Scales Corp., Ltd. 41,013 105,049 Skellerup Holdings, Ltd. 84,592 106,770 SKY Network Television, Ltd. 162,877 404,827 SKYCITY Entertainment Group, Ltd. 283,759 861,146 Spark New Zealand, Ltd. 246,760 695,027 Steel & Tube Holdings, Ltd. 62,620 103,910 Summerset Group Holdings, Ltd. 124,781 454,544 * Synlait Milk, Ltd. 11,114 37,050 Tilt Renewables, Ltd. 8,621 13,990 Tourism Holdings, Ltd. 83,056 267,139 * Tower, Ltd. 64,178 45,305 Trade Me Group, Ltd. 189,968 781,067 Trustpower, Ltd. 8,621 37,561 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NEW ZEALAND -- (Continued) Vector, Ltd. 33,846 $ 86,492 Warehouse Group, Ltd. (The) 50,707 82,262 * Xero, Ltd. 8,400 166,431 Z Energy, Ltd. 25,240 146,742 ----------- TOTAL NEW ZEALAND 12,776,738 ----------- NORWAY -- (0.9%) ABG Sundal Collier Holding ASA 222,851 154,571 # AF Gruppen ASA 2,703 51,433 * Akastor ASA 111,833 229,094 Aker ASA Class A 14,329 542,610 Aker BP ASA 29,337 554,174 #* Aker Solutions ASA 86,645 433,347 # American Shipping Co. ASA 30,660 96,517 * Archer, Ltd. 16,523 24,359 Atea ASA 46,433 569,335 Austevoll Seafood ASA 71,323 633,548 #* Avance Gas Holding, Ltd. 36,194 110,651 #* Axactor AB 264,607 85,981 Bakkafrost P/F 14,734 578,534 Bonheur ASA 15,871 163,751 Borregaard ASA 30,394 380,147 BW LPG, Ltd. 52,043 234,667 * BW Offshore, Ltd. 70,604 217,602 DNB ASA 46,929 921,896 #* DNO ASA 82,820 96,599 #* DOF ASA 272,524 32,278 Ekornes ASA 10,311 149,567 Entra ASA 9,648 128,237 #* Fred Olsen Energy ASA 31,264 45,704 # Frontline, Ltd. 49,954 289,628 Gjensidige Forsikring ASA 10,181 176,206 # Golar LNG, Ltd. 3,400 80,954 Grieg Seafood ASA 30,694 251,980 #* Hexagon Composites ASA 31,640 112,184 # Hoegh LNG Holdings, Ltd. 10,793 121,037 * Kongsberg Automotive ASA 310,793 329,292 Kongsberg Gruppen ASA 4,995 84,941 * Kvaerner ASA 180,852 263,969 Leroy Seafood Group ASA 48,910 283,889 # Marine Harvest ASA 26,487 493,818 #* NEL ASA 201,474 66,452 #* Nordic Semiconductor ASA 40,223 198,659 Norsk Hydro ASA 95,508 616,270 #* Norwegian Air Shuttle ASA 5,505 135,163 * Norwegian Finans Holding ASA 11,175 120,053 Ocean Yield ASA 25,862 220,931 * Odfjell Drilling, Ltd. 47,026 127,386 Odfjell SE Class A 5,645 21,268 Olav Thon Eiendomsselskap ASA 4,655 99,616 Opera Software ASA 32,075 132,695 Orkla ASA 19,888 204,867 #* Petroleum Geo-Services ASA 244,109 535,383 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- NORWAY -- (Continued) * Prosafe SE 3,434 $ 13,282 # Protector Forsikring ASA 33,236 325,280 * Q-Free ASA 3,734 4,219 #* REC Silicon ASA 1,496,873 183,733 Salmar ASA 11,015 286,372 Scatec Solar ASA 21,401 125,558 # Schibsted ASA Class A 1,854 47,297 Schibsted ASA Class B 3,368 78,787 #* Seadrill, Ltd. 199,067 73,396 Selvaag Bolig ASA 3,666 17,015 #* Sevan Marine ASA 11,522 19,133 Skandiabanken ASA 1,834 20,643 * Solstad Farstad ASA 10,176 12,148 #* Songa Offshore 31,100 139,433 SpareBank 1 SMN 9,022 91,108 SpareBank 1 SR-Bank ASA 80,770 806,160 Statoil ASA 108,270 2,034,834 Statoil ASA Sponsored ADR 7,346 137,811 Stolt-Nielsen, Ltd. 18,611 284,433 Storebrand ASA 180,962 1,509,446 Subsea 7 SA 103,439 1,532,746 Telenor ASA 9,437 188,396 TGS NOPEC Geophysical Co. ASA 40,193 849,384 Tomra Systems ASA 35,644 506,619 Treasure ASA 54,160 112,119 Veidekke ASA 20,561 271,795 * Wallenius Wilhelmsen Logistics 32,962 206,054 Wilh Wilhelmsen Holding ASA Class A 8,431 265,056 # XXL ASA 5,167 50,327 Yara International ASA 12,796 508,592 ----------- TOTAL NORWAY 22,102,419 ----------- PORTUGAL -- (0.3%) Altri SGPS SA 51,633 234,493 #* Banco Comercial Portugues SA Class R 4,364,130 1,243,952 CTT-Correios de Portugal SA 38,692 252,312 EDP Renovaveis SA 112,147 896,261 Galp Energia SGPS SA 78,751 1,261,632 Jeronimo Martins SGPS SA 12,685 249,493 Mota-Engil SGPS SA 83,856 235,888 Navigator Co. SA (The) 192,471 829,586 NOS SGPS SA 91,626 583,105 # REN - Redes Energeticas Nacionais SGPS SA 57,026 184,792 Semapa-Sociedade de Investimento e Gestao 19,085 370,940 Sonae Capital SGPS SA 82,383 78,665 Sonae SGPS SA 757,556 870,555 Teixeira Duarte SA 31,098 12,206 ----------- TOTAL PORTUGAL 7,303,880 ----------- SINGAPORE -- (1.1%) * Abterra, Ltd. 40,000 6,764 Accordia Golf Trust 457,700 238,016 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- SINGAPORE -- (Continued) Amara Holdings, Ltd. 90,000 $ 33,852 Ascendas India Trust 201,700 171,091 * Banyan Tree Holdings, Ltd. 139,800 56,717 Bonvests Holdings, Ltd. 30,000 28,872 * Boustead Projects, Ltd. 26,174 18,015 Boustead Singapore, Ltd. 160,432 112,336 Breadtalk Group, Ltd. 64,000 82,654 Bukit Sembawang Estates, Ltd. 62,900 315,930 Bund Center Investment, Ltd. 22,000 12,753 CapitaLand, Ltd. 254,901 693,416 Centurion Corp., Ltd. 167,400 63,627 China Aviation Oil Singapore Corp., Ltd. 82,100 99,341 Chip Eng Seng Corp., Ltd. 277,800 148,509 CITIC Envirotech, Ltd. 49,400 27,386 City Developments, Ltd. 63,600 527,922 # Civmec, Ltd. 140,800 63,366 ComfortDelGro Corp., Ltd. 217,600 370,750 * COSCO Shipping International Singapore Co., Ltd. 674,200 151,565 CSE Global, Ltd. 336,000 102,839 # CWT, Ltd. 163,000 248,853 Dairy Farm International Holdings, Ltd. 7,300 58,857 DBS Group Holdings, Ltd. 96,315 1,536,573 Del Monte Pacific, Ltd. 222,059 50,746 Delfi, Ltd. 22,300 32,982 * Dyna-Mac Holdings, Ltd. 230,000 23,396 Elec & Eltek International Co., Ltd. 14,000 23,237 #* Ezion Holdings, Ltd. 1,544,544 273,531 #* Ezra Holdings, Ltd. 1,882,853 11,532 * Falcon Energy Group, Ltd. 203,000 8,085 Far East Orchard, Ltd. 109,684 125,223 First Resources, Ltd. 153,800 212,088 Food Empire Holdings, Ltd. 115,500 56,164 Fragrance Group, Ltd. 222,000 26,887 Frasers Centrepoint, Ltd. 203,900 289,647 Frencken Group, Ltd. 210,000 77,314 Fu Yu Corp., Ltd. 274,500 40,485 * Gallant Venture, Ltd. 254,500 25,947 Genting Singapore P.L.C. 132,500 113,843 Geo Energy Resources, Ltd. 256,300 48,199 GL, Ltd. 181,400 98,375 Golden Agri-Resources, Ltd. 4,808,400 1,400,115 * Golden Energy & Resources, Ltd. 70,900 19,838 Great Eastern Holdings, Ltd. 3,000 55,321 # GuocoLand, Ltd. 139,933 196,631 * Halcyon Agri Corp., Ltd. 145,408 59,080 # Hanwell Holdings, Ltd. 237,300 57,753 Haw Par Corp., Ltd. 44,300 343,420 Hi-P International, Ltd. 148,500 111,727 Hiap Hoe, Ltd. 39,000 21,314 Ho Bee Land, Ltd. 148,100 264,258 Hong Fok Corp., Ltd. 229,480 132,801 Hong Leong Asia, Ltd. 49,000 39,191 Hotel Grand Central, Ltd. 6,335 6,312 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- SINGAPORE -- (Continued) Hour Glass, Ltd. (The) 108,000 $ 53,661 Hutchison Port Holdings Trust 2,517,000 1,194,827 Hwa Hong Corp., Ltd. 21,000 4,971 Hyflux, Ltd. 343,500 121,579 Indofood Agri Resources, Ltd. 619,900 226,442 Japfa, Ltd. 206,100 88,132 Jardine Cycle & Carriage, Ltd. 6,644 197,838 k1 Ventures, Ltd. 113,100 60,533 Keppel Corp., Ltd. 224,600 1,062,175 Keppel Infrastructure Trust 535,062 217,119 Keppel Telecommunications & Transportation, Ltd. 37,500 43,307 Koh Brothers Group, Ltd. 175,000 37,383 #* KrisEnergy, Ltd. 137,300 14,681 KSH Holdings, Ltd. 70,125 42,179 Lian Beng Group, Ltd. 252,000 112,508 Low Keng Huat Singapore, Ltd. 78,000 36,683 # M1, Ltd. 131,700 175,408 Mandarin Oriental International, Ltd. 61,000 123,321 Metro Holdings, Ltd. 393,700 338,199 * Midas Holdings, Ltd. 877,700 132,582 * Nam Cheong, Ltd. 600,000 8,855 Nera Telecommunications, Ltd. 43,000 12,058 #* Noble Group, Ltd. 825,090 227,803 NSL, Ltd. 11,500 12,126 Olam International, Ltd. 222,100 319,544 OUE, Ltd. 253,600 374,190 Oversea-Chinese Banking Corp., Ltd. 125,487 1,050,998 Overseas Education, Ltd. 31,900 8,935 Oxley Holdings, Ltd. 118,000 50,462 * Pacc Offshore Services Holdings, Ltd. 77,200 16,206 Pan-United Corp., Ltd. 58,750 24,290 * Penguin International, Ltd. 101,800 19,587 Perennial Real Estate Holdings, Ltd. 21,100 13,684 # Q&M Dental Group Singapore, Ltd. 111,700 52,733 QAF, Ltd. 97,253 93,639 * Raffles Education Corp., Ltd. 497,420 71,066 Raffles Medical Group, Ltd. 259,449 246,153 RHT Health Trust 492,300 323,201 Riverstone Holdings, Ltd. 55,600 43,282 Rotary Engineering, Ltd. 130,000 34,499 * Rowsley, Ltd. 711,600 62,403 SATS, Ltd. 117,380 418,211 SembCorp Industries, Ltd. 579,400 1,379,877 # SembCorp Marine, Ltd. 179,700 223,315 Sheng Siong Group, Ltd. 248,200 173,064 SHS Holdings, Ltd. 141,000 22,913 SIA Engineering Co., Ltd. 10,100 27,116 # SIIC Environment Holdings, Ltd. 616,960 220,810 Sinarmas Land, Ltd. 694,700 217,646 Sing Investments & Finance, Ltd. 13,500 15,084 Singapore Airlines, Ltd. 193,600 1,483,674 Singapore Exchange, Ltd. 44,400 247,810 # Singapore Post, Ltd. 379,400 367,955 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SINGAPORE -- (Continued) Singapore Press Holdings, Ltd. 77,300 $ 165,960 Singapore Technologies Engineering, Ltd. 65,800 182,966 Singapore Telecommunications, Ltd. 144,400 422,692 #* Sino Grandness Food Industry Group, Ltd. 672,726 109,059 Stamford Land Corp., Ltd. 217,000 83,323 # StarHub, Ltd. 124,600 250,958 Sunningdale Tech, Ltd. 103,800 154,624 * SunVic Chemical Holdings, Ltd. 184,600 12,093 #* Swiber Holdings, Ltd. 189,500 2,853 * Tat Hong Holdings, Ltd. 286,400 78,117 Tiong Woon Corp. Holding, Ltd. 68,000 12,281 Tuan Sing Holdings, Ltd. 183,531 45,277 UMS Holdings, Ltd. 207,250 162,007 United Engineers, Ltd. 362,800 700,847 # United Industrial Corp., Ltd. 146,784 347,603 United Overseas Bank, Ltd. 73,211 1,295,512 UOB-Kay Hian Holdings, Ltd. 112,387 114,427 UOL Group, Ltd. 213,687 1,243,323 UPP Holdings, Ltd. 134,000 25,695 Valuetronics Holdings, Ltd. 124,300 74,268 Venture Corp., Ltd. 85,000 825,748 Vibrant Group, Ltd. 164,196 46,702 Wee Hur Holdings, Ltd. 112,000 19,848 Wheelock Properties Singapore, Ltd. 206,500 284,853 Wilmar International, Ltd. 104,300 256,761 Wing Tai Holdings, Ltd. 535,168 805,359 Yeo Hiap Seng, Ltd. 10,160 9,708 * Yongnam Holdings, Ltd. 223,500 38,763 Zhongmin Baihui Retail Group, Ltd. 7,900 6,054 ----------- TOTAL SINGAPORE 29,339,844 ----------- SPAIN -- (2.1%) Abertis Infraestructuras SA 18,166 358,178 Acciona SA 17,831 1,524,184 Acerinox SA 52,707 676,656 ACS Actividades de Construccion y Servicios SA 15,358 588,143 Adveo Group International SA 10,419 38,760 Almirall SA 20,805 201,228 Amadeus IT Group SA 26,130 1,608,403 #* Amper SA 348,604 98,319 Applus Services SA 19,854 255,715 Atresmedia Corp. de Medios de Comunicacion SA 24,791 290,968 Banco Bilbao Vizcaya Argentaria SA 287,796 2,603,886 # Banco Bilbao Vizcaya Argentaria SA Sponsored ADR 63,912 580,321 Banco de Sabadell SA 1,761,979 3,934,715 Banco Santander SA 949,100 6,461,630 # Banco Santander SA Sponsored ADR 133,956 913,580 Bankia SA 97,456 492,572 Bankinter SA 107,876 1,049,891 * Baron de Ley 844 107,314 Bolsas y Mercados Espanoles SHMSF SA 27,067 992,765 CaixaBank SA 424,850 2,212,890 Cellnex Telecom SA 15,064 338,825 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SPAIN -- (Continued) Cia de Distribucion Integral Logista Holdings SA 5,847 $ 150,975 Cie Automotive SA 18,407 455,606 Construcciones y Auxiliar de Ferrocarriles SA 9,050 402,407 #* Deoleo SA 312,391 75,600 # Distribuidora Internacional de Alimentacion SA 185,484 1,249,331 #* Duro Felguera SA 21,132 18,776 Ebro Foods SA 21,785 521,472 #* eDreams ODIGEO SA 37,385 130,134 Elecnor SA 6,222 85,744 Enagas SA 38,067 1,075,888 Ence Energia y Celulosa SA 70,958 302,398 Endesa SA 20,253 479,456 Ercros SA 85,372 310,179 Euskaltel SA 44,771 457,767 Faes Farma SA 89,221 282,963 Ferrovial SA 17,624 380,064 Fluidra SA 9,372 82,343 Gas Natural SDG SA 31,276 731,984 Grifols SA 13,116 368,035 Grupo Catalana Occidente SA 20,580 915,524 #* Grupo Ezentis SA 87,009 73,815 Iberdrola SA 296,371 2,336,277 Iberpapel Gestion SA 2,508 83,318 * Indra Sistemas SA 33,989 525,884 Inmobiliaria Colonial SA 38,119 355,553 Laboratorios Farmaceuticos Rovi SA 1,703 32,376 #* Liberbank SA 330,659 380,867 Mapfre SA 524,875 1,955,065 Mediaset Espana Comunicacion SA 49,694 626,333 Melia Hotels International SA 20,570 318,837 Miquel y Costas & Miquel SA 5,409 200,184 # NH Hotel Group SA 85,418 569,078 Obrascon Huarte Lain SA 100,586 422,380 Papeles y Cartones de Europa SA 27,730 243,282 * Pescanova SA 4,776 7,797 * Pharma Mar SA 46,851 212,699 #* Promotora de Informaciones SA Class A 12,695 48,031 Prosegur Cia de Seguridad SA 87,348 597,013 #* Quabit Inmobiliaria SA(BYYTT70) 27,873 57,519 Quabit Inmobiliaria SA(BYVXB02) 1,394 2,887 * Realia Business SA 21,924 28,354 Red Electrica Corp. SA 28,152 603,111 Repsol SA 196,856 3,296,924 Repsol SA Sponsored ADR 10,805 181,627 * Sacyr SA 302,186 806,352 Saeta Yield SA 1,367 15,686 Siemens Gamesa Renewable Energy SA 83,465 1,365,585 #* Solaria Energia y Medio Ambiente SA 45,965 74,248 # Talgo SA 20,552 118,781 Tecnicas Reunidas SA 12,705 450,533 Telefonica SA 82,112 929,754 Telefonica SA Sponsored ADR 94,790 1,069,231 * Tubacex SA 44,867 175,609 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SPAIN -- (Continued) #* Tubos Reunidos SA 77,956 $ 99,073 Vidrala SA 7,153 557,933 Viscofan SA 12,366 735,700 * Vocento SA 14,286 26,600 Zardoya Otis SA 52,760 553,476 ----------- TOTAL SPAIN 53,943,361 ----------- SWEDEN -- (2.6%) AAK AB 7,291 538,920 Acando AB 84,854 285,877 AddLife AB 3,964 81,719 AddTech AB Class B 13,298 259,411 AF AB Class B 28,292 619,718 Alfa Laval AB 12,261 273,832 Alimak Group AB 1,788 30,999 * Arise AB 1,403 2,226 Assa Abloy AB Class B 27,834 596,286 Atlas Copco AB Class B 2,803 90,778 Atrium Ljungberg AB Class B 6,004 102,527 Attendo AB 1,789 22,507 # Avanza Bank Holding AB 7,719 318,481 # Axfood AB 19,709 331,931 * BE Group AB 6,863 49,706 Beijer Alma AB 10,632 310,516 * Beijer Electronics Group AB 728 3,995 Beijer Ref AB 5,568 167,270 Bergman & Beving AB 11,595 143,651 Betsson AB 29,823 286,808 Bilia AB Class A 44,354 428,514 BillerudKorsnas AB 69,289 1,095,623 BioGaia AB Class B 4,998 186,349 #* BioInvent International AB 51,099 15,800 Biotage AB 10,917 78,702 # Bjorn Borg AB 8,838 36,675 Boliden AB 124,690 3,914,522 Bonava AB 977 16,981 Bonava AB Class B 35,928 628,680 Bulten AB 14,473 220,514 Bure Equity AB 41,070 504,595 # Byggmax Group AB 46,910 379,157 Castellum AB 41,847 650,453 Catena AB 574 9,930 # Cavotec SA 4,767 18,248 Clas Ohlson AB Class B 17,247 354,557 Cloetta AB Class B 100,581 359,957 * Collector AB 4,511 53,723 Com Hem Holding AB 44,285 646,757 Concentric AB 24,609 386,127 Concordia Maritime AB Class B 17,237 28,177 Dios Fastigheter AB 20,038 117,170 Dometic Group AB 17,088 144,445 Doro AB 12,612 78,865 Duni AB 18,660 270,446 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWEDEN -- (Continued) Dustin Group AB 13,068 $ 109,614 Eastnine AB 16,972 144,992 Elanders AB Class B 5,372 64,020 Electrolux AB Series B 23,576 806,192 Elekta AB Class B 21,378 205,759 #* Eltel AB 39,179 124,618 Enea AB 4,215 40,270 * Essity AB Class A 2,124 61,428 * Essity AB Class B 74,455 2,158,824 Fabege AB 19,869 392,440 * Fastighets AB Balder Class B 5,442 138,462 #* Fingerprint Cards AB Class B 9,380 43,865 Getinge AB Class B 37,741 655,140 Granges AB 31,852 352,086 Gunnebo AB 26,444 140,788 * Haldex AB 25,076 334,711 Hemfosa Fastigheter AB 22,494 275,943 Hexagon AB Class B 15,086 745,418 Hexpol AB 39,391 402,888 HIQ International AB 22,739 152,039 # Hoist Finance AB 9,624 106,649 Holmen AB Class B 36,258 1,637,612 Hufvudstaden AB Class A 12,033 209,452 Husqvarna AB Class A 15,332 154,657 Husqvarna AB Class B 100,708 1,024,468 # ICA Gruppen AB 12,335 494,252 Indutrade AB 30,423 750,485 # Intrum Justitia AB 22,569 734,380 Inwido AB 20,044 251,984 # ITAB Shop Concept AB Class B 3,909 33,747 JM AB 29,802 1,046,023 KappAhl AB 48,966 278,571 Karo Pharma AB 11,162 58,426 Kindred Group P.L.C. 73,728 820,545 Klovern AB Class B 86,110 110,002 KNOW IT AB 9,286 149,683 Kungsleden AB 40,017 263,209 Lagercrantz Group AB Class B 21,183 239,849 Lifco AB Class B 2,120 70,681 Lindab International AB 53,127 558,643 Loomis AB Class B 23,495 872,888 * Lundin Petroleum AB 7,830 178,318 #* Medivir AB Class B 28,267 234,406 # Mekonomen AB 13,117 276,232 # Millicom International Cellular SA 19,378 1,214,255 Modern Times Group MTG AB Class B 17,281 600,583 * Momentum Group AB Class B 11,595 119,558 MQ Holding AB 24,854 97,236 # Mycronic AB 32,009 333,674 NCC AB Class B 24,075 626,423 * Net Insight AB Class B 39,352 25,840 NetEnt AB 67,536 651,649 New Wave Group AB Class B 44,203 307,940 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWEDEN -- (Continued) Nibe Industrier AB Class B 93,288 $ 889,417 Nobia AB 57,938 594,846 Nobina AB 27,171 133,927 Nolato AB Class B 15,580 684,190 Nordea Bank AB 180,870 2,282,196 OEM International AB Class B 1,100 24,120 Opus Group AB 161,143 140,636 Oriflame Holding AG 10,107 388,012 Pandox AB 20,743 373,114 Peab AB 94,124 1,104,853 Platzer Fastigheter Holding AB Class B 2,701 17,391 Pricer AB Class B 115,737 139,794 Proact IT Group AB 6,447 164,879 # Probi AB 706 32,344 #* Qliro Group AB 115,557 237,771 # Ratos AB Class B 164,384 785,288 * RaySearch Laboratories AB 6,657 162,941 # Recipharm AB Class B 10,803 129,775 Rezidor Hotel Group AB 44,364 170,973 Rottneros AB 89,739 80,569 Saab AB Class B 23,465 1,088,764 Sagax AB Class B 10,179 127,836 Sandvik AB 60,152 947,911 #* SAS AB 92,401 220,864 Scandi Standard AB 23,159 165,613 Scandic Hotels Group AB 11,141 154,901 Sectra AB Class B 4,383 82,788 Securitas AB Class B 38,142 635,192 Semcon AB 10,453 69,218 #* Sensys Gatso Group AB 103,238 8,953 Skandinaviska Enskilda Banken AB Class A 143,242 1,814,062 Skanska AB Class B 30,904 702,244 SKF AB Class A 2,752 54,825 SKF AB Class B 34,665 689,007 SkiStar AB 13,262 294,888 * SSAB AB Class A(BPRBWK4) 19,797 100,829 * SSAB AB Class A(B17H0S8) 74,966 378,761 * SSAB AB Class B(BPRBWM6) 112,074 464,548 * SSAB AB Class B(B17H3F6) 218,499 902,219 Svenska Cellulosa AB SCA Class A 2,124 21,945 Svenska Cellulosa AB SCA Class B 74,455 616,479 Svenska Handelsbanken AB Class A 79,242 1,179,446 Svenska Handelsbanken AB Class B 1,904 28,395 Sweco AB Class B 16,886 412,413 Swedbank AB Class A 52,559 1,370,600 Swedish Match AB 10,042 353,211 Swedol AB Class B 11,750 42,079 Systemair AB 5,715 97,004 Tele2 AB Class B 50,396 599,802 Telefonaktiebolaget LM Ericsson Class A 4,300 27,868 Telefonaktiebolaget LM Ericsson Class B 120,880 782,385 Telefonaktiebolaget LM Ericsson Sponsored ADR 27,188 174,547 Telia Co. AB 610,745 2,871,026 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWEDEN -- (Continued) Thule Group AB 22,788 $ 443,473 Transcom Worldwide AB 5,269 57,104 Trelleborg AB Class B 38,265 901,235 VBG Group AB Class B 1,442 24,294 Victoria Park AB Class B 19,283 65,626 Vitrolife AB 5,059 409,795 Volvo AB Class A 13,728 233,046 Volvo AB Class B 51,616 876,719 Wallenstam AB Class B 25,578 260,409 Wihlborgs Fastigheter AB 15,510 377,273 ----------- TOTAL SWEDEN 66,690,575 ----------- SWITZERLAND -- (5.8%) ABB, Ltd. 130,956 3,067,817 ABB, Ltd. Sponsored ADR 16,820 395,270 Adecco Group AG 21,942 1,674,021 Allreal Holding AG 9,822 1,785,921 * Alpiq Holding AG 1,881 159,506 ALSO Holding AG 3,670 479,929 ams AG 10,840 781,201 APG SGA SA 523 235,901 * Arbonia AG 25,067 476,933 # Aryzta AG 43,253 1,389,931 Ascom Holding AG 24,492 485,069 Autoneum Holding AG 2,195 527,456 Bachem Holding AG Class B 1,478 163,656 Baloise Holding AG 26,119 4,196,436 Bank Cler AG 2,835 127,383 Banque Cantonale de Geneve 650 107,237 Banque Cantonale Vaudoise 1,980 1,432,525 Barry Callebaut AG 904 1,289,224 Belimo Holding AG 158 655,122 Bell Food Group AG 730 335,931 Bellevue Group AG 8,162 163,282 # Berner Kantonalbank AG 1,882 356,459 BFW Liegenschaften AG 784 37,167 BKW AG 4,206 239,664 Bobst Group SA 6,272 698,297 Bossard Holding AG Class A 2,917 630,803 Bucher Industries AG 4,937 1,646,232 # Burckhardt Compression Holding AG 1,803 535,524 Burkhalter Holding AG 1,259 178,374 Calida Holding AG 3,845 154,630 Carlo Gavazzi Holding AG 219 79,938 Cembra Money Bank AG 12,760 1,144,639 Cham Paper Holding AG 17 6,960 Chocoladefabriken Lindt & Spruengli AG 3 204,458 * Cicor Technologies, Ltd. 1,080 56,738 Cie Financiere Richemont SA 23,937 2,034,887 Cie Financiere Tradition SA 1,089 100,065 Clariant AG 182,599 4,243,146 Coltene Holding AG 2,325 240,505 Conzzeta AG 791 827,776 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWITZERLAND -- (Continued) # Credit Suisse Group AG 147,392 $2,265,663 Credit Suisse Group AG Sponsored ADR 16,869 258,933 # Daetwyler Holding AG 3,427 560,113 DKSH Holding AG 13,438 1,057,478 dormakaba Holding AG 1,362 1,214,007 #* Dottikon Es Holding AG 27 24,563 * Dufry AG 18,446 2,938,550 Edmond de Rothschild Suisse SA 1 17,167 EFG International AG 76,443 567,622 Emmi AG 1,664 1,172,360 EMS-Chemie Holding AG 615 427,928 Energiedienst Holding AG 1,258 34,347 #* Evolva Holding SA 188,862 89,857 Feintool International Holding AG 1,191 145,451 Flughafen Zurich AG 16,575 4,227,267 Forbo Holding AG 675 1,024,881 GAM Holding AG 123,776 1,951,453 Geberit AG 2,030 976,338 Georg Fischer AG 2,629 2,990,071 Givaudan SA 592 1,177,848 Gurit Holding AG 292 350,863 Helvetia Holding AG 4,746 2,652,660 Hiag Immobilien Holding AG 1,342 166,070 # HOCHDORF Holding AG 696 208,699 Huber & Suhner AG 8,096 576,979 * Idorsia, Ltd. 5,856 109,616 Implenia AG 10,968 811,136 Inficon Holding AG 873 478,770 Interroll Holding AG 407 533,644 Intershop Holding AG 410 202,772 Julius Baer Group, Ltd. 50,459 2,856,333 Jungfraubahn Holding AG 745 87,845 Kardex AG 5,120 564,315 Komax Holding AG 2,903 847,971 Kudelski SA 27,224 433,449 Kuehne + Nagel International AG 2,059 358,562 LafargeHolcim, Ltd.(7110753) 30,568 1,826,474 LafargeHolcim, Ltd.(BZ3DNX4) 28,089 1,685,911 * Lastminute.com NV 2,384 29,586 LEM Holding SA 221 267,388 Liechtensteinische Landesbank AG 6,622 334,863 Logitech International SA(H50430232) 43,913 1,582,625 Logitech International SA(B18ZRK2) 55,543 2,015,933 Lonza Group AG 14,221 3,379,970 Luzerner Kantonalbank AG 1,864 838,168 MCH Group AG 200 15,883 Metall Zug AG Class B 134 560,701 #* Meyer Burger Technology AG 265,156 416,642 Mikron Holding AG 4,766 31,843 Mobilezone Holding AG 9,046 130,959 Mobimo Holding AG 4,559 1,301,450 Nestle SA 110,012 9,286,058 Novartis AG 52,784 4,496,020 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWITZERLAND -- (Continued) Novartis AG Sponsored ADR 73,269 $6,242,519 # OC Oerlikon Corp. AG 151,019 2,209,553 * Orascom Development Holding AG 9,372 65,229 # Orell Fuessli Holding AG 184 24,435 Orior AG 3,480 259,441 # Panalpina Welttransport Holding AG 3,313 419,450 Partners Group Holding AG 1,784 1,158,116 # Phoenix Mecano AG 342 198,965 Plazza AG Class A 767 182,377 PSP Swiss Property AG 5,001 455,038 Rieter Holding AG 2,560 592,880 Romande Energie Holding SA 72 97,160 * Schaffner Holding AG 330 109,011 Schindler Holding AG 1,534 322,594 * Schmolz + Bickenbach AG 325,601 299,344 Schweiter Technologies AG 656 864,015 SFS Group AG 8,255 939,084 SGS SA 229 506,132 Siegfried Holding AG 2,697 784,314 Sika AG 327 2,253,441 Sonova Holding AG 5,419 878,914 St Galler Kantonalbank AG 1,422 633,407 Straumann Holding AG 2,325 1,312,969 Sulzer AG 10,154 1,139,167 Sunrise Communications Group AG 17,903 1,411,902 Swatch Group AG (The)(7184725) 4,654 1,846,523 Swatch Group AG (The)(7184736) 9,624 741,279 Swiss Life Holding AG 10,397 3,794,412 Swiss Prime Site AG 7,847 708,364 Swiss Re AG 29,150 2,810,415 Swisscom AG 1,621 792,283 Swissquote Group Holding SA 6,706 193,133 Tamedia AG 996 153,486 Tecan Group AG 2,508 467,751 Temenos Group AG 15,719 1,519,498 Thurgauer Kantonalbank 690 71,854 u-blox Holding AG 3,389 672,974 UBS Group AG(BRJL176) 91,512 1,591,436 * UBS Group AG(H42097107) 93,702 1,633,226 Valiant Holding AG 12,048 1,420,181 Valora Holding AG 2,614 867,704 # Vaudoise Assurances Holding SA 721 401,096 Vetropack Holding AG 126 266,058 Vifor Pharma AG 11,800 1,259,576 Vontobel Holding AG 19,980 1,329,165 VP Bank AG 921 115,994 VZ Holding AG 437 140,741 Walliser Kantonalbank 741 72,986 Walter Meier AG 525 24,419 # Ypsomed Holding AG 784 122,414 Zehnder Group AG 6,719 235,872 Zug Estates Holding AG Class B 94 179,961 Zuger Kantonalbank AG 34 187,932 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ SWITZERLAND -- (Continued) Zurich Insurance Group AG 11,416 $ 3,479,363 ------------ TOTAL SWITZERLAND 146,367,621 ------------ UNITED KINGDOM -- (13.8%) 3i Group P.L.C. 134,211 1,656,852 4imprint Group P.L.C. 1,506 31,392 888 Holdings P.L.C. 103,048 350,130 A.G. Barr P.L.C. 50,466 398,874 AA P.L.C. 151,438 487,998 Aberdeen Asset Management P.L.C. 496,086 2,156,441 Acacia Mining P.L.C. 139,309 320,471 Acal P.L.C. 24,274 100,501 Admiral Group P.L.C. 25,512 695,966 Aggreko P.L.C. 152,841 1,708,638 * Aldermore Group P.L.C. 77,389 221,530 Amec Foster Wheeler P.L.C. 200,927 1,178,621 * Anglo American P.L.C. 210,298 3,478,690 Anglo Pacific Group P.L.C. 59,899 92,562 Anglo-Eastern Plantations P.L.C. 2,526 28,165 Antofagasta P.L.C. 66,688 832,802 Arrow Global Group P.L.C. 82,901 478,119 Ashmore Group P.L.C. 145,839 692,346 Ashtead Group P.L.C. 97,961 2,104,624 Associated British Foods P.L.C. 11,073 433,172 AstraZeneca P.L.C. 956 56,981 # AstraZeneca P.L.C. Sponsored ADR 81,313 2,454,026 Auto Trader Group P.L.C. 138,767 700,837 AVEVA Group P.L.C. 22,171 580,431 Aviva P.L.C. 411,652 2,926,031 Avon Rubber P.L.C. 3,735 49,324 B&M European Value Retail SA 207,776 987,469 Babcock International Group P.L.C. 103,094 1,148,433 BAE Systems P.L.C. 200,216 1,588,479 Balfour Beatty P.L.C. 310,543 1,080,983 Barclays P.L.C. 257,747 691,084 Barclays P.L.C. Sponsored ADR 225,245 2,416,879 Barratt Developments P.L.C. 426,314 3,462,397 BBA Aviation P.L.C. 373,754 1,478,168 Beazley P.L.C. 281,428 1,901,917 Bellway P.L.C. 81,492 3,431,519 Berendsen P.L.C. 66,575 1,119,890 Berkeley Group Holdings P.L.C. 51,343 2,367,857 BGEO Group P.L.C. 20,860 949,342 BHP Billiton P.L.C. 3,376 61,558 BHP Billiton P.L.C. ADR 83,946 3,056,474 Bloomsbury Publishing P.L.C. 1,815 4,304 Bodycote P.L.C. 137,495 1,650,609 Booker Group P.L.C. 365,456 928,060 Bovis Homes Group P.L.C. 128,824 1,719,827 BP P.L.C. 305,632 1,795,207 BP P.L.C. Sponsored ADR 245,137 8,614,120 Braemar Shipping Services P.L.C. 9,029 35,162 Brewin Dolphin Holdings P.L.C. 168,581 798,996 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) Britvic P.L.C. 125,790 $1,184,543 BT Group P.L.C. 46,311 191,649 * BTG P.L.C. 78,457 682,048 Bunzl P.L.C. 25,249 762,359 Burberry Group P.L.C. 26,801 604,563 * Cairn Energy P.L.C. 532,646 1,264,546 * Cambian Group P.L.C. 42,724 110,129 Cape P.L.C. 79,174 273,011 Capita P.L.C. 34,060 295,944 Capital & Counties Properties P.L.C. 123,681 470,154 * Carclo P.L.C. 6,128 13,595 Card Factory P.L.C. 75,378 304,530 # Carillion P.L.C. 406,294 304,237 Carnival P.L.C. 6,432 434,137 # Carnival P.L.C. ADR 4,899 329,605 Castings P.L.C. 9,986 60,964 Centamin P.L.C. 825,658 1,810,975 Centaur Media P.L.C. 3,412 2,433 Centrica P.L.C. 369,046 966,779 Chemring Group P.L.C. 206,659 488,260 Chesnara P.L.C. 51,271 258,140 Cineworld Group P.L.C. 128,511 1,168,435 * Circassia Pharmaceuticals P.L.C. 26,440 30,905 Clarkson P.L.C. 8,016 282,933 Close Brothers Group P.L.C. 89,340 1,816,546 CLS Holdings P.L.C. 41,453 116,424 Cobham P.L.C. 882,556 1,545,951 Coca-Cola HBC AG 38,901 1,176,097 Communisis P.L.C. 116,749 73,330 Computacenter P.L.C. 58,419 681,743 Connect Group P.L.C. 51,329 75,178 Consort Medical P.L.C. 17,497 245,882 Costain Group P.L.C. 51,569 318,822 Countrywide P.L.C. 32,915 66,881 Cranswick P.L.C. 27,167 1,040,130 Crest Nicholson Holdings P.L.C. 174,704 1,240,455 Croda International P.L.C. 20,689 1,009,542 Daejan Holdings P.L.C. 1,943 167,132 Daily Mail & General Trust P.L.C. 92,207 775,497 # Dairy Crest Group P.L.C. 103,539 810,399 DCC P.L.C. 17,872 1,571,171 De La Rue P.L.C. 33,691 296,582 Debenhams P.L.C. 1,151,498 653,321 Dechra Pharmaceuticals P.L.C. 34,328 803,190 Devro P.L.C. 92,522 263,566 DFS Furniture P.L.C. 17,248 48,280 Diageo P.L.C. 19,906 642,903 Diageo P.L.C. Sponsored ADR 15,627 2,040,417 * Dialight P.L.C. 4,498 53,675 Dignity P.L.C. 15,901 534,664 Diploma P.L.C. 62,660 891,675 Direct Line Insurance Group P.L.C. 364,775 1,802,757 Dixons Carphone P.L.C. 164,176 583,111 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) Domino's Pizza Group P.L.C. 165,234 $ 580,687 Drax Group P.L.C. 308,423 1,295,922 DS Smith P.L.C. 348,902 2,222,553 Dunelm Group P.L.C. 30,786 244,632 easyJet P.L.C. 54,733 892,715 * EI Group P.L.C. 513,543 964,467 Electrocomponents P.L.C. 293,057 2,398,528 Elementis P.L.C. 282,820 1,105,493 * EnQuest P.L.C. 1,009,472 448,116 Entertainment One, Ltd. 102,318 321,718 Equiniti Group P.L.C. 7,380 25,592 # Essentra P.L.C. 192,719 1,359,998 esure Group P.L.C. 167,536 654,441 Euromoney Institutional Investor P.L.C. 12,419 181,532 * Evraz P.L.C. 128,908 405,128 Experian P.L.C. 52,061 1,034,257 FDM Group Holdings P.L.C. 3,156 38,255 Fenner P.L.C. 120,766 548,741 Ferrexpo P.L.C. 157,681 495,305 Fidessa Group P.L.C. 16,252 484,982 * Findel P.L.C. 17,993 43,003 * Firstgroup P.L.C. 1,272,532 1,940,601 * Flybe Group P.L.C. 63,418 31,358 Foxtons Group P.L.C. 49,451 58,583 Fresnillo P.L.C. 219 4,444 Fuller Smith & Turner P.L.C. Class A 7,612 102,191 G4S P.L.C. 199,201 864,673 Galliford Try P.L.C. 61,931 1,107,429 Games Workshop Group P.L.C. 9,547 201,957 * Gem Diamonds, Ltd. 113,921 123,692 Genus P.L.C. 26,610 605,426 GKN P.L.C. 225,405 956,248 Glencore P.L.C. 678,513 2,993,190 Go-Ahead Group P.L.C. 16,219 384,349 * Gocompare.Com Group P.L.C. 64,370 96,051 Grafton Group P.L.C. 105,859 1,072,130 Grainger P.L.C. 117,078 406,234 Greencore Group P.L.C. 305,622 902,082 Greene King P.L.C. 181,206 1,636,958 Greggs P.L.C. 61,621 894,286 Gulf Marine Services P.L.C. 12,484 10,191 GVC Holdings P.L.C. 106,678 1,081,927 Halfords Group P.L.C. 143,710 632,241 Halma P.L.C. 134,243 1,945,794 Hargreaves Lansdown P.L.C. 31,344 570,322 Hastings Group Holdings P.L.C. 31,836 128,830 Hays P.L.C. 477,180 1,049,377 Headlam Group P.L.C. 28,133 218,256 Helical P.L.C. 89,170 406,830 Henry Boot P.L.C. 18,856 75,165 # Hikma Pharmaceuticals P.L.C. 27,436 510,712 Hill & Smith Holdings P.L.C. 46,469 821,316 Hilton Food Group P.L.C. 6,128 54,667 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- UNITED KINGDOM -- (Continued) Hiscox, Ltd. 166,082 $ 2,845,410 Hochschild Mining P.L.C. 153,387 640,887 Hogg Robinson Group P.L.C. 16,257 15,751 HomeServe P.L.C. 142,923 1,366,157 Howden Joinery Group P.L.C. 218,842 1,227,454 HSBC Holdings P.L.C. 158,693 1,589,296 # HSBC Holdings P.L.C. Sponsored ADR 231,447 11,593,180 * Hunting P.L.C. 127,774 790,790 Huntsworth P.L.C. 36,761 35,760 Ibstock P.L.C. 101,793 342,651 IG Group Holdings P.L.C. 140,213 1,177,735 * Imagination Technologies Group P.L.C. 119,050 226,602 IMI P.L.C. 79,887 1,268,637 Inchcape P.L.C. 219,130 2,322,863 Indivior P.L.C. 109,403 553,822 Informa P.L.C. 151,066 1,385,552 Inmarsat P.L.C. 106,125 1,086,102 InterContinental Hotels Group P.L.C. 8,307 470,036 InterContinental Hotels Group P.L.C. ADR 5,053 286,831 Intermediate Capital Group P.L.C. 126,305 1,510,229 International Consolidated Airlines Group SA 96,420 735,344 International Personal Finance P.L.C. 82,342 206,097 Interserve P.L.C. 84,906 252,660 Intertek Group P.L.C. 23,108 1,310,809 Investec P.L.C. 135,621 1,029,769 IP Group P.L.C.(BZ3T570) 11,025 364 * IP Group P.L.C.(B128J45) 143,326 269,150 ITE Group P.L.C. 147,327 351,522 ITV P.L.C. 234,522 536,306 IWG P.L.C. 242,144 1,049,143 J D Wetherspoon P.L.C. 51,635 696,733 J Sainsbury P.L.C. 949,387 3,067,432 #* Jackpotjoy P.L.C. 41,822 372,255 James Fisher & Sons P.L.C. 27,270 564,495 Jardine Lloyd Thompson Group P.L.C. 42,386 663,608 JD Sports Fashion P.L.C. 144,120 681,239 * Jimmy Choo P.L.C. 19,165 57,828 John Laing Group P.L.C. 31,818 131,324 John Menzies P.L.C. 47,547 439,857 John Wood Group P.L.C. 158,290 1,277,489 Johnson Matthey P.L.C. 22,833 846,246 Jupiter Fund Management P.L.C. 150,053 1,055,747 Just Group P.L.C. 181,712 352,451 * KAZ Minerals P.L.C. 217,989 2,064,722 KCOM Group P.L.C. 252,476 305,680 Keller Group P.L.C. 54,421 632,847 Kier Group P.L.C. 59,391 1,009,367 Kingfisher P.L.C. 221,681 860,290 Ladbrokes Coral Group P.L.C. 384,837 642,188 Laird P.L.C. 288,221 568,709 * Lamprell P.L.C. 166,629 217,676 Lancashire Holdings, Ltd. 93,143 893,678 Laura Ashley Holdings P.L.C. 45,699 6,185 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) Legal & General Group P.L.C. 457,957 $1,621,497 * Liberty Global P.L.C. Class A 12,962 438,893 * Liberty Global P.L.C. Series C 31,782 1,041,496 #* Liberty Global P.L.C. LiLAC Class A 1,733 44,573 * Liberty Global P.L.C. LiLAC Class C 4,252 108,511 Lloyds Banking Group P.L.C. 2,201,234 1,903,049 # Lloyds Banking Group P.L.C. ADR 139,093 489,607 London Stock Exchange Group P.L.C. 15,430 763,900 #* Lonmin P.L.C. 229,955 251,052 Lookers P.L.C. 212,595 307,949 Low & Bonar P.L.C. 33,427 37,932 LSL Property Services P.L.C. 11,670 39,116 Man Group P.L.C. 860,598 1,816,834 Management Consulting Group P.L.C. 29,849 3,019 Marks & Spencer Group P.L.C. 344,100 1,462,465 Marshalls P.L.C. 113,060 572,286 Marston's P.L.C. 666,487 1,020,407 McBride P.L.C. 105,910 264,136 McCarthy & Stone P.L.C. 130,823 292,714 Mears Group P.L.C. 38,002 247,813 Meggitt P.L.C. 227,391 1,509,253 Melrose Industries P.L.C. 1,702,272 5,219,199 Merlin Entertainments P.L.C. 83,077 514,412 Micro Focus International P.L.C. 32,220 948,823 Millennium & Copthorne Hotels P.L.C. 120,611 728,237 Mitchells & Butlers P.L.C. 222,917 710,632 # Mitie Group P.L.C. 227,234 798,678 MJ Gleeson P.L.C. 2,834 25,796 Mondi P.L.C. 43,037 1,133,570 Moneysupermarket.com Group P.L.C. 179,022 783,816 Morgan Advanced Materials P.L.C. 141,589 559,066 Morgan Sindall Group P.L.C. 20,115 363,520 * Mothercare P.L.C. 58,226 78,141 N Brown Group P.L.C. 95,836 394,685 National Express Group P.L.C. 246,907 1,186,793 NCC Group P.L.C. 54,096 138,272 NEX Group P.L.C. 146,441 1,287,763 Next P.L.C. 6,961 362,845 Norcros P.L.C. 8,890 21,030 Northgate P.L.C. 119,982 684,358 Novae Group P.L.C. 28,233 262,935 #* Ocado Group P.L.C. 72,934 289,741 Old Mutual P.L.C. 454,998 1,180,120 On the Beach Group P.L.C. 16,858 103,554 OneSavings Bank P.L.C. 63,375 329,733 * Ophir Energy P.L.C. 543,483 523,172 Oxford Instruments P.L.C. 18,136 250,152 Pagegroup P.L.C. 173,322 1,120,356 Paragon Group of Cos. P.L.C. (The) 166,122 948,606 PayPoint P.L.C. 18,909 223,459 * Paysafe Group P.L.C. 194,205 1,511,543 Pearson P.L.C. 15,716 136,007 Pearson P.L.C. Sponsored ADR 42,859 368,587 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Pendragon P.L.C. 576,532 $ 227,904 Pennon Group P.L.C. 67,150 713,739 Persimmon P.L.C. 63,695 2,104,542 * Petra Diamonds, Ltd. 388,682 489,942 Petrofac, Ltd. 84,960 502,009 * Petropavlovsk P.L.C. 920,102 88,927 # Pets at Home Group P.L.C. 86,572 185,863 Phoenix Group Holdings 183,112 1,844,114 Photo-Me International P.L.C. 144,647 312,620 Playtech P.L.C. 67,189 851,452 Polypipe Group P.L.C. 98,022 519,742 Porvair P.L.C. 501 3,364 * Premier Foods P.L.C. 838,133 434,140 #* Premier Oil P.L.C. 452,754 362,208 Provident Financial P.L.C. 20,263 551,618 Prudential P.L.C. 55,436 1,352,666 Prudential P.L.C. ADR 2,030 99,409 * Punch Taverns P.L.C. 6,980 16,322 PZ Cussons P.L.C. 116,196 556,632 QinetiQ Group P.L.C. 293,228 932,665 Randgold Resources, Ltd. 10,503 977,662 Rank Group P.L.C. 79,998 247,057 Rathbone Brothers P.L.C. 21,496 757,708 * Raven Russia, Ltd. 26,852 17,197 * REA Holdings P.L.C. 1,822 7,817 Reckitt Benckiser Group P.L.C. 6,876 668,535 Redrow P.L.C. 157,029 1,227,084 RELX P.L.C. 40,625 884,865 # RELX P.L.C. Sponsored ADR 34,053 752,912 Renewi P.L.C. 333,888 405,012 Renishaw P.L.C. 12,802 703,676 * Renold P.L.C. 12,120 8,550 Rentokil Initial P.L.C. 549,881 2,107,426 Restaurant Group P.L.C. (The) 110,647 488,121 Ricardo P.L.C. 20,450 208,306 Rightmove P.L.C. 27,272 1,512,877 Rio Tinto P.L.C. 5,471 256,409 # Rio Tinto P.L.C. Sponsored ADR 62,149 2,944,620 RM P.L.C. 8,611 19,655 Robert Walters P.L.C. 25,377 158,665 Rolls-Royce Holdings P.L.C. 125,627 1,471,962 Rotork P.L.C. 280,629 857,226 * Royal Bank of Scotland Group P.L.C. 179,218 587,578 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR 20,418 135,576 Royal Dutch Shell P.L.C. Class A 65,366 1,846,040 Royal Dutch Shell P.L.C. Class B 6,539 186,281 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 155,197 8,773,275 # Royal Dutch Shell P.L.C. Sponsored ADR, Class B 100,626 5,822,220 Royal Mail P.L.C. 253,139 1,346,035 RPC Group P.L.C. 164,616 1,946,390 RPS Group P.L.C. 165,461 595,208 RSA Insurance Group P.L.C. 138,238 1,190,201 Saga P.L.C. 378,274 1,041,764 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Sage Group P.L.C. (The) 118,808 $1,056,556 Sanne Group P.L.C. 20,705 188,754 Savills P.L.C. 77,833 938,605 Schroders P.L.C.(0239581) 4,732 153,675 Schroders P.L.C.(0240549) 7,255 329,681 SDL P.L.C. 44,319 376,090 Senior P.L.C. 319,275 1,047,409 * Serco Group P.L.C. 31,940 46,762 Severfield P.L.C. 65,902 64,467 Severn Trent P.L.C. 17,651 521,894 Shire P.L.C. 8,763 489,873 Shire P.L.C. ADR 3,402 569,971 SIG P.L.C. 585,916 1,279,803 Sky P.L.C. 61,716 786,518 Smith & Nephew P.L.C. 40,935 712,267 Smith & Nephew P.L.C. Sponsored ADR 23,126 815,191 Smiths Group P.L.C. 55,681 1,127,811 Soco International P.L.C. 152,615 244,014 Softcat P.L.C. 4,796 25,238 Spectris P.L.C. 50,464 1,637,933 Speedy Hire P.L.C. 241,247 173,445 Spirax-Sarco Engineering P.L.C. 21,792 1,599,391 Spire Healthcare Group P.L.C. 58,921 268,016 Spirent Communications P.L.C. 321,554 502,109 * Sportech P.L.C. 2,757 3,602 * Sports Direct International P.L.C. 126,797 634,387 SSE P.L.C. 81,380 1,480,985 SSP Group P.L.C. 98,707 663,509 St James's Place P.L.C. 62,285 1,000,444 St. Ives P.L.C. 23,231 16,854 St. Modwen Properties P.L.C. 177,496 839,162 Stagecoach Group P.L.C. 147,789 351,528 * Standard Chartered P.L.C. 332,389 3,715,533 Standard Life P.L.C. 116,297 669,416 Sthree P.L.C. 54,551 228,907 Stobart Group, Ltd. 76,786 278,940 Stock Spirits Group P.L.C. 23,371 50,272 SuperGroup P.L.C. 25,141 497,143 Synthomer P.L.C. 166,018 1,072,940 # TalkTalk Telecom Group P.L.C. 176,147 417,785 Tate & Lyle P.L.C. 200,729 1,779,896 Taylor Wimpey P.L.C. 790,495 1,985,407 Ted Baker P.L.C. 10,883 361,159 Telecom Plus P.L.C. 40,680 614,735 * Tesco P.L.C. 449,902 1,034,106 Thomas Cook Group P.L.C. 850,887 1,232,767 Topps Tiles P.L.C. 57,768 63,113 TP ICAP P.L.C. 212,224 1,361,794 Travis Perkins P.L.C. 59,112 1,183,916 Trifast P.L.C. 26,856 78,519 Trinity Mirror P.L.C. 269,168 371,237 TT Electronics P.L.C. 79,220 222,251 TUI AG(5666292) 86,705 1,367,155 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- UNITED KINGDOM -- (Continued) TUI AG(B11LJN4) 44,549 $ 700,207 #* Tullow Oil P.L.C. 1,204,555 2,679,111 U & I Group P.L.C. 80,950 200,885 UBM P.L.C. 165,131 1,576,737 UDG Healthcare P.L.C. 104,413 1,165,732 Ultra Electronics Holdings P.L.C. 43,007 1,188,649 United Utilities Group P.L.C. 36,035 427,033 * Vectura Group P.L.C. 375,196 564,363 Vedanta Resources P.L.C. 40,013 406,399 Vesuvius P.L.C. 228,503 1,637,759 Victrex P.L.C. 43,643 1,135,828 Virgin Money Holdings UK P.L.C. 173,041 651,082 Vitec Group P.L.C. (The) 9,883 131,441 Vodafone Group P.L.C. 935,888 2,743,418 Vodafone Group P.L.C. Sponsored ADR 142,624 4,233,086 * Volex P.L.C. 2,165 1,743 Weir Group P.L.C. (The) 44,887 1,086,469 WH Smith P.L.C. 41,625 967,003 Whitbread P.L.C. 15,605 792,421 William Hill P.L.C. 467,270 1,544,401 Wincanton P.L.C. 30,932 104,959 * Wizz Air Holdings P.L.C. 3,856 132,348 WM Morrison Supermarkets P.L.C. 1,327,157 4,209,211 Wolseley P.L.C. 14,580 870,541 Worldpay Group P.L.C. 87,288 425,949 WPP P.L.C. 6,645 135,517 WPP P.L.C. Sponsored ADR 10,444 1,064,870 Xaar P.L.C. 27,006 150,587 XP Power, Ltd. 3,483 121,087 ZPG P.L.C. 31,241 150,502 -------------- TOTAL UNITED KINGDOM 350,123,147 -------------- UNITED STATES -- (0.1%) * BioTelemetry, Inc. 476 16,283 * Janus Henderson Group P.L.C. 38,340 1,266,282 -------------- TOTAL UNITED STATES 1,282,565 -------------- TOTAL COMMON STOCKS 2,359,222,847 -------------- PREFERRED STOCKS -- (0.4%) GERMANY -- (0.4%) Bayerische Motoren Werke AG 6,663 530,952 * Biotest AG 12,291 334,221 Draegerwerk AG & Co. KGaA 5,906 635,420 Fuchs Petrolub SE 12,294 729,838 Henkel AG & Co. KGaA 2,922 413,895 Jungheinrich AG 18,826 747,053 Porsche Automobil Holding SE 20,578 1,177,743 # Sartorius AG 5,992 566,333 Schaeffler AG 2,972 41,437 Sixt SE 11,719 665,605 STO SE & Co. KGaA 655 92,500 INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- GERMANY -- (Continued) Villeroy & Boch AG 7,436 $ 158,761 # Volkswagen AG 25,998 3,998,205 -------------- TOTAL GERMANY 10,091,963 -------------- TOTAL PREFERRED STOCKS 10,091,963 -------------- RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Link Administration Holdings, Ltd. Rights 07/17/17 22,956 -- -------------- AUSTRIA -- (0.0%) * Intercell AG Rights 05/16/13 1,270 -- -------------- CANADA -- (0.0%) * QLT, Inc. Warrants 11/23/17 3,731 -- * QLT, Inc. Warrants 11/23/17 Class A 3,731 -- -------------- TOTAL CANADA -- -------------- FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 105,117 -- -------------- HONG KONG -- (0.0%) * Cheuk Nang Holdings, Ltd. Rights 06/21/18 808 110 * International Standard Resources Holdings, Ltd. Warrants 05/10/18 324,900 665 -------------- TOTAL HONG KONG 775 -------------- JAPAN -- (0.0%) * AD Works Co., Ltd. Rights 09/12/2017 13,900 1,009 -------------- TOTAL RIGHTS/WARRANTS 1,784 -------------- TOTAL INVESTMENT SECURITIES 2,369,316,594 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (6.6%) (S)@ DFA Short Term Investment Fund 14,579,038 168,708,622 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,085,811,450)^^ $2,538,025,216 ============== INTERNATIONAL VECTOR EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Australia $ 3,363,940 $ 146,041,718 -- $ 149,405,658 Austria -- 20,084,300 -- 20,084,300 Belgium 775,602 41,848,192 -- 42,623,794 Canada 207,303,013 23,948 -- 207,326,961 China -- 202,541 -- 202,541 Denmark -- 50,078,113 -- 50,078,113 Finland -- 50,288,407 -- 50,288,407 France 1,108,622 155,385,097 -- 156,493,719 Germany 5,803,831 149,321,021 -- 155,124,852 Hong Kong 401,077 74,064,676 -- 74,465,753 Ireland 4,429,207 8,032,574 -- 12,461,781 Israel 1,467,559 17,540,225 -- 19,007,784 Italy 567,724 78,252,096 -- 78,819,820 Japan 8,917,834 577,071,091 -- 585,988,925 Netherlands 6,830,313 60,089,976 -- 66,920,289 New Zealand 7,526 12,769,212 -- 12,776,738 Norway 292,161 21,810,258 -- 22,102,419 Portugal -- 7,303,880 -- 7,303,880 Singapore -- 29,339,844 -- 29,339,844 Spain 2,752,556 51,190,805 -- 53,943,361 Sweden 2,514,357 64,176,218 -- 66,690,575 Switzerland 10,222,189 136,145,432 -- 146,367,621 United Kingdom 58,494,329 291,628,818 -- 350,123,147 United States 16,283 1,266,282 -- 1,282,565 Preferred Stocks Germany -- 10,091,963 -- 10,091,963 Rights/Warrants Hong Kong -- 775 -- 775 Japan -- 1,009 -- 1,009 Securities Lending Collateral -- 168,708,622 -- 168,708,622 ------------ -------------- -- -------------- TOTAL $315,268,123 $2,222,757,093 -- $2,538,025,216 ============ ============== == ============== WORLD EX U.S. VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ------------ AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in The DFA International Value Series of The DFA Investment Trust Company $136,703,807 Investment in Dimensional Emerging Markets Value Fund 54,183,504 Investment in DFA International Small Cap Value 1,020,993 Portfolio of DFA Investment Dimensions Group Inc. 23,023,390 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $180,566,629)^^ 213,910,701 ============ WORLD EX U.S. VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------- ------- ------------ Affiliated Investment Companies $213,910,701 -- -- $213,910,701 ------------ -- -- ------------ TOTAL $213,910,701 -- -- $213,910,701 ============ == == ============ WORLD EX U.S. TARGETED VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------- -------- COMMON STOCKS -- (96.8%) AUSTRALIA -- (4.0%) Adairs, Ltd. 11,388 $ 10,952 Ainsworth Game Technology, Ltd. 27,497 53,172 * Alkane Resources, Ltd. 43,162 11,762 Ansell, Ltd. 20,181 354,584 AP Eagers, Ltd. 12,977 94,323 #* Arrium, Ltd. 378,352 5,675 * Atlas Iron, Ltd. 458,416 7,697 AUB Group, Ltd. 4,290 44,221 Ausdrill, Ltd. 41,066 63,917 Austal, Ltd. 55,697 80,325 * Australian Agricultural Co., Ltd. 65,148 86,234 Australian Pharmaceutical Industries, Ltd. 47,698 66,972 Auswide Bank, Ltd. 2,707 11,157 Automotive Holdings Group, Ltd. 37,184 113,928 * AWE, Ltd. 99,671 38,343 Bank of Queensland, Ltd. 59,164 570,305 * Base Resources, Ltd. 23,646 4,920 Beach Energy, Ltd. 273,919 149,359 * Beadell Resources, Ltd. 112,616 16,788 Bega Cheese, Ltd. 9,112 50,082 Bendigo & Adelaide Bank, Ltd. 72,753 647,128 * Billabong International, Ltd. 13,437 8,600 BlueScope Steel, Ltd. 88,385 931,095 Boral, Ltd. 149,841 830,370 Brickworks, Ltd. 5,390 56,913 Cabcharge Australia, Ltd. 19,549 34,104 * Cardno, Ltd. 46,369 46,621 Cash Converters International, Ltd. 33,510 8,846 Cedar Woods Properties, Ltd. 6,602 25,931 Cleanaway Waste Management, Ltd. 276,072 288,111 Codan, Ltd. 10,864 19,485 CSG, Ltd. 55,439 30,549 CSR, Ltd. 61,506 192,989 Decmil Group, Ltd. 14,342 9,404 Donaco International, Ltd. 33,958 14,431 * Doray Minerals, Ltd. 22,135 3,467 Downer EDI, Ltd. 110,142 560,631 Eclipx Group, Ltd. 24,187 71,753 * Ellex Medical Lasers, Ltd. 18,108 15,646 * Energy Resources of Australia, Ltd. 28,219 12,311 * Energy World Corp., Ltd. 74,723 24,508 EQT Holdings, Ltd. 1,803 25,241 Estia Health, Ltd. 19,842 46,090 Event Hospitality and Entertainment, Ltd. 16,148 169,853 Evolution Mining, Ltd. 154,299 275,705 Fairfax Media, Ltd. 323,438 256,150 Finbar Group, Ltd. 16,583 11,147 * Fleetwood Corp., Ltd. 13,313 28,190 Flight Centre Travel Group, Ltd. 5,459 189,878 G8 Education, Ltd. 26,630 80,699 Genworth Mortgage Insurance Australia, Ltd. 33,816 81,428 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) GrainCorp, Ltd. Class A 29,722 $207,521 Greencross, Ltd. 13,658 63,048 # Harvey Norman Holdings, Ltd. 43,832 153,261 Healthscope, Ltd. 106,043 176,510 HFA Holdings, Ltd. 21,454 43,881 * Hills, Ltd. 49,821 7,791 HT&E, Ltd. 44,205 91,937 * Huon Aquaculture Group, Ltd. 4,197 17,066 Iluka Resources, Ltd. 16,292 117,616 * Imdex, Ltd. 47,634 27,814 IMF Bentham, Ltd. 15,552 24,008 Incitec Pivot, Ltd. 251,753 642,773 Independence Group NL 59,368 143,420 Integral Diagnostics, Ltd. 9,719 13,532 IOOF Holdings, Ltd. 35,871 288,159 iSelect, Ltd. 25,043 41,854 IVE Group, Ltd. 7,241 13,030 Japara Healthcare, Ltd. 31,410 51,274 * Kingsgate Consolidated, Ltd. 27,223 5,019 MACA, Ltd. 33,221 44,644 * Macmahon Holdings, Ltd. 171,639 23,390 Mantra Group, Ltd. 47,875 115,322 MaxiTRANS Industries, Ltd. 10,366 5,835 * Mayne Pharma Group, Ltd. 188,448 144,784 McPherson's, Ltd. 19,400 22,100 * Medusa Mining, Ltd. 16,023 3,795 Melbourne IT, Ltd. 12,621 28,839 * Mesoblast, Ltd. 17,714 24,714 * Metals X, Ltd. 70,760 46,167 Metcash, Ltd. 132,921 278,688 Michael Hill International, Ltd.(BD8D249) 12,726 12,430 Michael Hill International, Ltd.(BD8D250) 14,063 14,006 * Millennium Minerals, Ltd. 143,329 20,773 Mineral Resources, Ltd. 21,427 210,680 * MMA Offshore, Ltd. 42,130 5,900 Money3 Corp., Ltd. 7,843 9,001 Myer Holdings, Ltd. 138,660 84,215 MyState, Ltd. 7,129 28,336 New Hope Corp., Ltd. 30,315 38,825 Nine Entertainment Co. Holdings, Ltd. 89,843 103,465 * NRW Holdings, Ltd. 46,598 24,380 Nufarm, Ltd. 26,917 182,214 oOh!media, Ltd. 11,268 36,264 Orica, Ltd. 12,069 191,868 Orora, Ltd. 153,460 338,848 OZ Minerals, Ltd. 53,914 360,311 Pacific Current Group, Ltd. 2,637 14,768 * Paladin Energy, Ltd. 233,089 8,764 * Panoramic Resources, Ltd. 69,619 14,208 Peet, Ltd. 52,346 49,857 Pepper Group, Ltd. 8,621 24,060 * Perseus Mining, Ltd. 188,329 47,801 Pioneer Credit, Ltd. 6,528 13,576 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) PMP, Ltd. 46,886 $ 27,741 Premier Investments, Ltd. 12,107 132,146 Primary Health Care, Ltd. 92,054 249,430 Prime Media Group, Ltd. 41,520 13,461 Programmed Maintenance Services, Ltd. 40,720 97,115 Qantas Airways, Ltd. 50,688 215,428 Qube Holdings, Ltd. 6,272 13,333 Quintis, Ltd. 48,109 11,546 * Ramelius Resources, Ltd. 71,883 23,119 RCG Corp., Ltd. 29,493 21,583 * RCR Tomlinson, Ltd. 22,000 66,010 Reject Shop, Ltd. (The) 2,597 10,153 Resolute Mining, Ltd. 84,672 73,127 Retail Food Group, Ltd. 15,756 61,081 Ridley Corp., Ltd. 58,051 66,382 Ruralco Holdings, Ltd. 9,807 24,321 Sandfire Resources NL 14,988 69,500 * Santos, Ltd. 243,160 660,732 Select Harvests, Ltd. 10,291 40,356 * Senex Energy, Ltd. 136,162 31,088 Servcorp, Ltd. 4,930 23,602 Service Stream, Ltd. 28,905 31,241 Seven Group Holdings, Ltd. 19,812 189,607 Seven West Media, Ltd. 174,143 112,826 Shine Corporate, Ltd. 11,756 6,225 Sigma Healthcare, Ltd. 103,482 79,509 Silver Chef, Ltd. 2,436 16,424 * Silver Lake Resources, Ltd. 59,868 21,469 Sims Metal Management, Ltd. 21,422 266,094 * Sino Gas & Energy Holdings, Ltd. 364,745 24,790 SMS Management & Technology, Ltd. 10,490 15,094 Southern Cross Media Group, Ltd. 91,893 97,453 SpeedCast International, Ltd. 3,532 9,746 Star Entertainment Grp, Ltd. (The) 118,188 476,780 Steadfast Group, Ltd. 100,361 207,906 * Sundance Energy Australia, Ltd. 118,688 6,274 Sunland Group, Ltd. 37,093 53,096 Super Retail Group, Ltd. 19,510 130,784 Tabcorp Holdings, Ltd. 124,218 415,065 Tassal Group, Ltd. 30,191 91,582 * Ten Network Holdings, Ltd. 17,391 2,226 Thorn Group, Ltd. 18,023 19,040 Tox Free Solutions, Ltd. 21,565 41,237 Treasury Wine Estates, Ltd. 50,634 492,961 * Troy Resources, Ltd. 40,490 3,578 Villa World, Ltd. 20,592 37,084 Village Roadshow, Ltd. 14,192 45,637 * Virgin Australia Holdings, Ltd. 192,840 27,010 Virtus Health, Ltd. 12,368 55,447 Vocus Group, Ltd. 45,092 125,790 * Watpac, Ltd. 13,941 6,583 Webster, Ltd. 12,558 13,560 * Western Areas, Ltd. 43,688 82,854 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- AUSTRALIA -- (Continued) * Westgold Resources, Ltd. 17,366 $ 21,967 * Whitehaven Coal, Ltd. 80,422 191,113 * WorleyParsons, Ltd. 33,796 318,959 WPP AUNZ, Ltd. 45,871 42,252 Xenith IP Group, Ltd. 9,168 15,683 ----------- TOTAL AUSTRALIA 17,260,532 ----------- AUSTRIA -- (0.8%) Agrana Beteiligungs AG 606 82,131 Austria Technologie & Systemtechnik AG 3,898 51,742 BUWOG AG 13,480 396,125 EVN AG 5,948 91,066 * FACC AG 3,572 43,206 Oberbank AG 337 30,850 OMV AG 3,352 189,881 POLYTEC Holding AG 1,713 31,649 * Raiffeisen Bank International AG 27,085 798,187 Semperit AG Holding 401 12,250 Strabag SE 2,562 113,721 UBM Development AG 377 17,336 UNIQA Insurance Group AG 23,963 248,072 Verbund AG 13,532 267,677 Vienna Insurance Group AG Wiener Versicherung Gruppe 5,393 162,346 Voestalpine AG 10,404 527,315 Wienerberger AG 21,092 484,865 ----------- TOTAL AUSTRIA 3,548,419 ----------- BELGIUM -- (1.0%) Ackermans & van Haaren NV 3,236 585,036 Ageas 31,193 1,404,268 * AGFA-Gevaert NV 28,037 130,724 Atenor 509 29,047 Banque Nationale de Belgique 33 113,811 Barco NV 116 11,618 Bekaert SA 4,765 230,472 Cie d'Entreprises CFE 863 127,230 Cie Immobiliere de Belgique SA 302 18,807 D'ieteren SA 4,556 215,819 Deceuninck NV 9,678 39,540 Euronav NV 22,107 176,371 Exmar NV 6,712 39,404 Jensen-Group NV 718 34,798 * Nyrstar NV 13,228 85,899 Ontex Group NV 12,458 427,232 Orange Belgium SA 4,684 115,530 Picanol 158 19,809 Proximus SADP 1,380 48,527 RealDolmen 571 17,826 Recticel SA 9,128 71,956 Resilux 145 25,752 Roularta Media Group NV 879 22,751 Sapec 81 5,744 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- BELGIUM -- (Continued) Sioen Industries NV 1,340 $ 46,528 Sipef SA 343 25,241 TER Beke SA 72 15,134 * Tessenderlo Group SA 4,656 204,407 ---------- TOTAL BELGIUM 4,289,281 ---------- BRAZIL -- (1.5%) * Aliansce Shopping Centers SA 26,978 145,343 * B2W Cia Digital 39,333 167,758 * Brasil Brokers Participacoes SA 19,600 7,040 BrasilAgro - Co. Brasileira de Propriedades Agricolas 5,300 20,140 Cia de Locacao das Americas 4,300 15,830 * Cia Siderurgica Nacional SA 90,600 221,390 * Construtora Tenda SA 5,421 27,293 * Cosan Logistica SA 22,700 54,742 Cyrela Brazil Realty SA Empreendimentos e Participacoes 60,800 238,649 Direcional Engenharia SA 18,100 32,911 Duratex SA 61,395 155,931 Embraer SA 59,389 300,340 Embraer SA Sponsored ADR 17,660 357,968 Estacio Participacoes SA 37,900 247,939 * Eternit SA 23,800 9,846 * Even Construtora e Incorporadora SA 55,700 81,808 Ez Tec Empreendimentos e Participacoes SA 13,904 87,303 Fibria Celulose SA 38,805 411,650 Fras-Le SA 7,200 10,621 GAEC Educacao SA 6,600 35,959 * Gafisa SA 5,422 20,603 Gerdau SA 20,900 71,245 Grendene SA 11,400 96,659 Guararapes Confeccoes SA 1,400 47,091 * Helbor Empreendimentos SA 34,944 25,101 Iguatemi Empresa de Shopping Centers SA 11,300 132,990 * International Meal Co. Alimentacao SA 29,500 70,951 Iochpe Maxion SA 20,026 108,403 * JHSF Participacoes SA 40,400 23,709 * Kepler Weber SA 3,700 28,109 Kroton Educacional SA 178,300 862,239 Magnesita Refratarios SA 7,240 81,029 Mahle-Metal Leve SA 4,400 24,001 Marcopolo SA 17,100 13,983 * Marfrig Global Foods SA 41,500 85,439 * Marisa Lojas SA 20,600 38,976 * Mills Estruturas e Servicos de Engenharia SA 40,100 51,180 MRV Engenharia e Participacoes SA 65,900 302,835 Porto Seguro SA 22,384 226,112 Portobello SA 14,500 17,623 * Profarma Distribuidora de Produtos Farmaceuticos SA 3,000 7,591 * Restoque Comercio e Confeccoes de Roupas SA 2,114 25,087 * Rumo SA 119,571 396,480 * Santos Brasil Participacoes SA 52,000 35,352 Sao Martinho SA 17,400 97,983 SLC Agricola SA 12,000 83,737 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- BRAZIL -- (Continued) * Springs Global Participacoes SA 5,000 $ 16,419 Sul America SA 58,381 328,567 T4F Entretenimento SA 4,600 9,220 Technos SA 7,300 9,738 * Tecnisa SA 32,211 24,171 Tegma Gestao Logistica SA 6,500 30,558 * Terra Santa Agro SA 2,100 11,570 * TPI - Triunfo Participacoes e Investimentos SA 7,000 9,069 Tupy SA 9,100 43,189 * Usinas Siderurgicas de Minas Gerais SA 19,900 66,305 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 11,159 60,369 Via Varejo SA 35,229 162,568 ---------- TOTAL BRAZIL 6,376,712 ---------- CANADA -- (6.2%) * 5N Plus, Inc. 6,300 15,715 Acadian Timber Corp. 1,500 22,138 * Advantage Oil & Gas, Ltd. 36,000 247,459 Aecon Group, Inc. 12,000 144,953 AGF Management, Ltd. Class B 13,600 81,704 AirBoss of America Corp. 1,400 14,879 AKITA Drilling, Ltd. Class A 1,700 9,913 * Alacer Gold Corp. 45,623 76,115 Alamos Gold, Inc. Class A(BZ3DNP6) 46,700 330,749 Alamos Gold, Inc. Class A(011532108) 1,380 9,784 Alaris Royalty Corp. 5,200 94,011 Algoma Central Corp. 1,800 17,614 * Alio Gold, Inc. 1,563 6,570 * Amaya, Inc.(02314M108) 8,457 149,689 * Amaya, Inc.(BT8J595) 7,824 138,752 * Americas Silver Corp. 3,900 12,481 * Amerigo Resources, Ltd. 25,000 13,836 * Argonaut Gold, Inc. 21,965 38,583 #* Athabasca Oil Corp. 72,502 60,479 * ATS Automation Tooling Systems, Inc. 14,973 160,929 AutoCanada, Inc. 5,578 89,839 * Avigilon Corp. 3,100 35,258 * B2Gold Corp. 133,000 333,900 * Banro Corp. 4,090 1,739 #* Baytex Energy Corp. 37,269 104,625 * Bellatrix Exploration, Ltd. 13,200 33,033 Birchcliff Energy, Ltd. 40,945 200,332 Black Diamond Group, Ltd. 6,900 14,721 * BlackPearl Resources, Inc. 43,500 34,542 Bonavista Energy Corp. 43,711 109,738 Bonterra Energy Corp. 4,506 60,719 * Calfrac Well Services, Ltd. 17,300 46,901 Cameco Corp.(13321L108) 35,376 362,604 Cameco Corp.(2166160) 31,321 320,809 Canaccord Genuity Group, Inc. 20,800 104,605 * Canacol Energy, Ltd. 22,000 79,230 Canadian Western Bank 15,130 339,795 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * Canfor Corp. 12,000 $ 201,356 Canfor Pulp Products, Inc. 5,700 53,994 CanWel Building Materials Group, Ltd. 4,900 24,171 * Capstone Mining Corp. 75,200 72,380 Cascades, Inc. 17,400 214,508 * Celestica, Inc.(2263362) 5,000 59,435 * Celestica, Inc.(15101Q108) 13,739 163,357 Centerra Gold, Inc. 38,696 206,399 * Cequence Energy, Ltd. 27,500 3,860 Cervus Equipment Corp. 1,000 9,809 Chesswood Group, Ltd. 1,300 14,108 * China Gold International Resources Corp., Ltd. 49,049 74,749 Cogeco Communications, Inc. 600 41,917 Cogeco, Inc. 1,200 73,516 Cona Resources, Ltd. 9,000 22,017 #* Copper Mountain Mining Corp. 17,600 14,117 Corus Entertainment, Inc. Class B 19,485 216,300 Cott Corp.(2228952) 15,120 234,668 Cott Corp.(22163N106) 1,100 17,094 Crescent Point Energy Corp. 63,102 496,009 * Crew Energy, Inc. 24,600 80,109 #* Delphi Energy Corp. 28,000 27,624 * Detour Gold Corp. 12,842 161,510 Dominion Diamond Corp.(257287102) 5,599 78,834 Dominion Diamond Corp.(B95LX89) 10,500 147,720 Dorel Industries, Inc. Class B 6,200 163,808 * DREAM Unlimited Corp. Class A 7,200 42,562 * Dundee Precious Metals, Inc. 28,300 59,698 E-L Financial Corp., Ltd. 100 67,536 ECN Capital Corp. 45,400 144,202 Eldorado Gold Corp. 126,827 268,557 Element Fleet Management Corp. 36,424 275,791 Empire Co., Ltd. Class A 19,556 317,790 Enbridge Income Fund Holdings, Inc. 9,700 249,279 * Endeavour Mining Corp. 9,200 175,182 Enerflex, Ltd. 13,370 184,880 * Energy Fuels, Inc. 11,000 19,587 Enerplus Corp. 34,487 311,192 Ensign Energy Services, Inc. 27,262 145,849 # Equitable Group, Inc. 2,253 98,993 * Essential Energy Services Trust 18,500 8,903 Exchange Income Corp. 600 13,879 Exco Technologies, Ltd. 4,000 35,548 * EXFO, Inc. 2,400 9,875 Fiera Capital Corp. 5,000 57,750 Finning International, Inc. 24,100 484,996 #* First Majestic Silver Corp. 12,484 102,736 First Quantum Minerals, Ltd. 97,917 1,082,251 * Fortress Paper, Ltd. Class A 300 1,464 * Fortuna Silver Mines, Inc. 15,600 77,953 * GDI Integrated Facility Services, Inc. 500 6,116 Genworth MI Canada, Inc. 7,700 224,623 * GMP Capital, Inc. 5,700 13,716 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- CANADA -- (Continued) * Gran Tierra Energy, Inc. 82,360 $193,555 Granite Oil Corp. 7,500 27,852 * Heroux-Devtek, Inc. 6,600 70,248 Home Capital Group, Inc. 9,198 101,811 Horizon North Logistics, Inc. 25,800 27,316 HudBay Minerals, Inc. 43,635 338,790 Hudson's Bay Co. 12,400 106,122 * IAMGOLD Corp. 82,698 446,407 * Imperial Metals Corp. 7,100 21,754 * Indigo Books & Music, Inc. 700 8,731 Industrial Alliance Insurance & Financial Services, Inc. 9,954 461,792 * Interfor Corp. 14,244 221,757 * Kelt Exploration, Ltd. 27,490 147,510 * Kinross Gold Corp. 202,343 834,203 Kirkland Lake Gold, Ltd. 17,300 179,279 Laurentian Bank of Canada 6,400 278,073 Leon's Furniture, Ltd. 2,000 28,939 Linamar Corp. 7,461 408,911 Liquor Stores N.A., Ltd. 5,600 44,962 Lundin Mining Corp. 73,197 526,631 Magellan Aerospace Corp. 2,279 36,395 * Major Drilling Group International, Inc. 15,600 103,103 Mandalay Resources Corp. 53,311 16,676 Maple Leaf Foods, Inc. 13,400 370,374 Martinrea International, Inc. 15,600 126,001 Mediagrif Interactive Technologies, Inc. 1,200 14,399 #* MEG Energy Corp. 37,725 154,924 Melcor Developments, Ltd. 2,200 25,322 Methanex Corp.(59151K108) 4,192 185,706 Methanex Corp.(2654416) 900 39,905 * Mitel Networks Corp. 4,310 36,713 Mullen Group, Ltd. 21,438 274,434 * NAPEC, Inc. 14,900 14,461 * Neptune Technologies & Bioressources, Inc. 6,300 5,457 * New Gold, Inc. 83,315 278,663 * Newalta Corp. 16,800 17,113 North American Energy Partners, Inc. 5,900 24,845 * NuVista Energy, Ltd. 27,900 142,997 * Obsidian Energy, Ltd. 105,500 124,391 OceanaGold Corp. 85,128 232,835 Osisko Gold Royalties, Ltd. 21,600 277,374 * Painted Pony Energy, Ltd. 17,705 64,614 Pan American Silver Corp. 22,998 387,374 * Paramount Resources, Ltd. Class A 7,655 122,676 #* Pengrowth Energy Corp. 98,400 74,190 * PHX Energy Services Corp. 6,800 11,236 * Pine Cliff Energy, Ltd. 28,651 15,857 Pizza Pizza Royalty Corp. 4,500 60,529 * Precision Drilling Corp. 58,700 170,438 #* Primero Mining Corp. 28,800 10,395 Quarterhill, Inc. 24,899 35,748 Reitmans Canada, Ltd. Class A 7,000 25,659 * RMP Energy, Inc. 12,500 6,016 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- CANADA -- (Continued) Rocky Mountain Dealerships, Inc. 2,700 $ 21,851 Russel Metals, Inc. 1,300 26,005 * Sandstorm Gold, Ltd. 27,083 111,656 Sandvine Corp. 31,364 110,186 Secure Energy Services, Inc. 32,181 243,148 * SEMAFO, Inc. 32,300 77,981 ShawCor, Ltd. 3,653 81,865 * Sherritt International Corp. 54,700 37,732 * Sierra Wireless, Inc. 6,100 179,612 * Silver Standard Resources, Inc. 18,598 180,791 * Spartan Energy Corp. 17,845 91,463 Sprott, Inc. 26,400 48,491 Stantec, Inc. 11,422 290,600 #* Street Capital Group, Inc. 7,900 7,224 Stuart Olson, Inc. 2,000 8,534 * SunOpta, Inc. 2,097 19,921 Superior Plus Corp. 22,542 197,621 Surge Energy, Inc. 52,857 91,999 Tahoe Resources, Inc. 33,154 181,360 * Tamarack Valley Energy, Ltd. 24,700 46,359 #* Taseko Mines, Ltd. 51,903 77,433 * Teranga Gold Corp. 10,800 27,633 TFI International, Inc. 11,959 281,146 Timbercreek Financial Corp. 5,100 38,370 TMX Group, Ltd. 6,052 320,864 TORC Oil & Gas, Ltd. 26,737 120,308 Torstar Corp. Class B 9,900 11,593 Total Energy Services, Inc. 6,832 66,306 * Tourmaline Oil Corp. 26,500 587,708 TransAlta Corp. 46,214 301,359 Transcontinental, Inc. Class A 11,500 234,474 * TransGlobe Energy Corp. 9,200 12,545 * Trican Well Service, Ltd. 39,576 115,862 * Trilogy Energy Corp. 12,400 52,614 * Trinidad Drilling, Ltd. 45,957 65,982 * Turquoise Hill Resources, Ltd. 125,914 414,075 * Valeant Pharmaceuticals International, Inc.(91911K102) 14,784 243,345 * Valeant Pharmaceuticals International, Inc.(B3XSX46) 12,400 204,288 Veresen, Inc. 44,300 647,045 Wajax Corp. 3,100 58,308 West Fraser Timber Co., Ltd. 8,917 473,833 * Western Energy Services Corp. 12,900 14,900 Western Forest Products, Inc. 77,905 154,966 WestJet Airlines, Ltd. 2,556 50,946 * Westport Fuel Systems, Inc. 6,300 10,864 Whitecap Resources, Inc. 55,679 411,312 * Xtreme Drilling Corp. 3,597 5,770 Yamana Gold, Inc. 143,871 375,040 * Yangarra Resources, Ltd. 8,000 21,753 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CANADA -- (Continued) * Yellow Pages, Ltd. 3,300 $ 17,311 ----------- TOTAL CANADA 26,706,835 ----------- CHILE -- (0.2%) Besalco SA 38,783 39,392 CAP SA 14,327 151,033 * Cia Sud Americana de Vapores SA 1,944,735 90,235 Empresa Nacional de Telecomunicaciones SA 9,231 105,111 * Empresas AquaChile SA 25,817 12,913 Empresas Hites SA 12,280 14,174 * Empresas La Polar SA 303,149 34,230 Grupo Security SA 79,717 30,180 Inversiones Aguas Metropolitanas SA 34,409 60,103 Inversiones La Construccion SA 881 11,795 Itau CorpBanca(BYT25P4) 14,376,848 136,292 Itau CorpBanca(45033E105) 900 13,050 * Masisa SA 372,415 27,797 PAZ Corp. SA 11,470 13,662 Ripley Corp. SA 59,454 50,781 Salfacorp SA 49,500 65,285 Sigdo Koppers SA 19,794 30,157 Sociedad Matriz SAAM SA 579,038 61,888 Socovesa SA 34,153 17,923 Vina Concha y Toro SA 22,295 35,924 ----------- TOTAL CHILE 1,001,925 ----------- CHINA -- (7.3%) * 21Vianet Group, Inc. ADR 14,048 62,654 Agile Group Holdings, Ltd. 322,000 382,815 Ajisen China Holdings, Ltd. 88,000 38,036 AMVIG Holdings, Ltd. 64,000 18,608 Angang Steel Co., Ltd. Class H 158,000 128,051 #* Anton Oilfield Services Group 332,000 31,832 * Art Group Holdings, Ltd. 215,000 16,234 Asia Cement China Holdings Corp. 100,500 33,941 * Asia Resources Holdings, Ltd. 490,000 7,461 * AVIC International Holding HK, Ltd. 730,000 35,999 AVIC International Holdings, Ltd. Class H 68,000 34,889 * AVIC Joy Holdings HK, Ltd. 400,000 5,431 AviChina Industry & Technology Co., Ltd. Class H 303,000 185,653 BAIC Motor Corp., Ltd. Class H 190,500 171,259 Bank of Chongqing Co., Ltd. Class H 98,500 85,348 * Baoye Group Co., Ltd. Class H 46,000 35,662 BBMG Corp. Class H 432,000 217,473 Beijing Capital International Airport Co., Ltd. Class H 186,000 292,731 Beijing Capital Land, Ltd. Class H 204,000 107,518 #* Beijing Enterprises Environment Group, Ltd. 129,000 19,794 Beijing Enterprises Holdings, Ltd. 94,000 498,862 Beijing North Star Co., Ltd. Class H 176,000 71,370 #* Beijing Properties Holdings, Ltd. 452,000 21,392 Beijing Urban Construction Design & Development Group Co., Ltd. Class H 45,000 29,643 Billion Industrial Holdings, Ltd. 18,000 12,733 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- CHINA -- (Continued) * Bitauto Holdings, Ltd. ADR 6,297 $198,985 * Boer Power Holdings, Ltd. 32,000 9,376 BYD Electronic International Co., Ltd. 10,000 25,225 * C C Land Holdings, Ltd. 509,000 115,889 Cabbeen Fashion, Ltd. 48,000 13,201 #* Capital Environment Holdings, Ltd. 800,000 30,696 #* CAR, Inc. 128,000 111,418 * Central China Real Estate, Ltd. 135,000 40,600 Central China Securities Co., Ltd. Class H 22,000 10,008 * Century Sunshine Group Holdings, Ltd. 300,000 10,381 #* CGN Meiya Power Holdings Co., Ltd. 292,000 42,215 Changshouhua Food Co., Ltd. 36,000 17,956 * Changyou.com, Ltd. ADR 2,847 120,513 Chaowei Power Holdings, Ltd. 108,000 61,197 # China Aerospace International Holdings, Ltd. 418,000 53,464 China Agri-Industries Holdings, Ltd. 409,000 183,085 # China All Access Holdings, Ltd. 198,000 58,283 China Aoyuan Property Group, Ltd. 252,000 107,916 China BlueChemical, Ltd. Class H 374,000 105,379 * China Chengtong Development Group, Ltd. 246,000 14,461 * China City Railway Transportation Technology Holdings Co., Ltd. 88,000 12,149 China Coal Energy Co., Ltd. Class H 361,000 178,196 China Communications Services Corp., Ltd. Class H 430,000 233,563 # China Conch Venture Holdings, Ltd. 202,500 376,245 * China Daye Non-Ferrous Metals Mining, Ltd. 566,000 8,155 * China Dynamics Holdings, Ltd. 520,000 10,310 China Electronics Optics Valley Union Holding Co., Ltd. 328,000 29,371 China Energy Engineering Corp., Ltd. Class H 220,000 40,259 China Everbright Water, Ltd. 61,600 22,264 #* China Evergrande Group 227,000 631,329 * China Fiber Optic Network System Group, Ltd. 344,000 11,561 China Financial Services Holdings, Ltd. 244,000 21,545 * China Fire Safety Enterprise Group, Ltd. 240,000 13,354 China Foods, Ltd. 200,000 92,072 * China Fordoo Holdings, Ltd. 13,000 9,685 * China Glass Holdings, Ltd. 94,000 8,657 #* China Harmony New Energy Auto Holding, Ltd. 140,500 67,689 # China High Speed Transmission Equipment Group Co., Ltd. 56,000 60,464 # China Hongqiao Group, Ltd. 250,000 169,237 * China Huiyuan Juice Group, Ltd. 110,500 34,353 China International Capital Corp., Ltd. Class H 103,200 164,204 China Jinmao Holdings Group, Ltd. 772,000 358,347 China Lesso Group Holdings, Ltd. 171,000 120,519 China Lilang, Ltd. 74,000 49,622 China National Building Material Co., Ltd. Class H 578,000 352,598 China National Materials Co., Ltd. Class H 252,000 102,148 #* China New Town Development Co., Ltd. 462,500 20,130 * China Oceanwide Holdings, Ltd. 398,000 35,131 China Oil & Gas Group, Ltd. 920,000 63,553 China Oriental Group Co., Ltd. 50,000 26,854 China Overseas Grand Oceans Group, Ltd. 173,000 101,396 * China Properties Group, Ltd. 48,000 12,090 China Reinsurance Group Corp. Class H 532,000 124,536 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- CHINA -- (Continued) China Resources Cement Holdings, Ltd. 378,000 $224,859 #* China Ruifeng Renewable Energy Holdings, Ltd. 152,000 13,412 * China Rundong Auto Group, Ltd. 25,000 13,489 China Sanjiang Fine Chemicals Co., Ltd. 60,000 18,942 China SCE Property Holdings, Ltd. 225,000 110,015 * China Shengmu Organic Milk, Ltd. 543,000 100,060 China Shineway Pharmaceutical Group, Ltd. 48,000 48,014 # China Silver Group, Ltd. 108,000 19,904 # China Singyes Solar Technologies Holdings, Ltd. 94,000 35,697 # China South City Holdings, Ltd. 572,000 124,381 China Southern Airlines Co., Ltd. Class H 294,000 223,782 China Starch Holdings, Ltd. 520,000 15,631 China Sunshine Paper Holdings Co., Ltd. 110,500 29,841 China Taiping Insurance Holdings Co., Ltd. 278,000 834,772 China Traditional Chinese Medicine Holdings Co., Ltd. 354,000 187,859 # China Travel International Investment Hong Kong, Ltd. 538,000 159,764 # China Vast Industrial Urban Development Co., Ltd. 68,000 27,051 #* China Water Industry Group, Ltd. 180,000 39,155 China XLX Fertiliser, Ltd. 56,000 14,790 #* China Yurun Food Group, Ltd. 311,000 40,198 China ZhengTong Auto Services Holdings, Ltd. 173,500 171,156 # China Zhongwang Holdings, Ltd. 316,000 157,245 Chinasoft International, Ltd. 270,000 147,955 Chongqing Machinery & Electric Co., Ltd. Class H 186,000 24,020 Chongqing Rural Commercial Bank Co., Ltd. Class H 462,000 340,405 Chu Kong Shipping Enterprise Group Co., Ltd. 78,000 19,252 CIFI Holdings Group Co., Ltd. 474,000 269,718 #* CIMC Enric Holdings, Ltd. 106,000 75,864 * CITIC Dameng Holdings, Ltd. 249,000 14,808 # CITIC Resources Holdings, Ltd. 536,000 60,322 # Citychamp Watch & Jewellery Group, Ltd. 160,000 34,584 Clear Media, Ltd. 25,000 29,457 Comba Telecom Systems Holdings, Ltd. 270,193 37,025 Concord New Energy Group, Ltd. 1,140,000 48,821 #* Coolpad Group, Ltd. 659,400 46,158 COSCO SHIPPING Energy Transportation Co., Ltd. Class H 260,000 146,249 COSCO SHIPPING Ports, Ltd. 310,702 380,046 * Coslight Technology International Group Co., Ltd. 32,000 14,374 # Cosmo Lady China Holdings Co., Ltd. 129,000 48,173 CP Pokphand Co., Ltd. 1,004,000 93,783 CPMC Holdings, Ltd. 72,000 35,639 CRCC High-Tech Equipment Corp., Ltd. Class H 94,500 34,197 Da Ming International Holdings, Ltd. 72,000 30,212 Dah Chong Hong Holdings, Ltd. 175,000 90,016 Dalian Port PDA Co., Ltd. Class H 82,000 15,001 * Daphne International Holdings, Ltd. 328,000 29,389 #* Digital China Holdings, Ltd. 216,000 141,772 * Dongfang Electric Corp., Ltd. Class H 47,000 49,934 Dongfeng Motor Group Co., Ltd. Class H 508,000 621,771 Dongyue Group, Ltd. 141,000 65,709 Dynagreen Environmental Protection Group Co., Ltd. Class H 86,000 42,464 E-Commodities Holdings, Ltd. 228,000 27,421 * eHi Car Services, Ltd. Sponsored ADR 5,618 53,259 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- CHINA -- (Continued) # EVA Precision Industrial Holdings, Ltd. 314,000 $ 44,585 Fantasia Holdings Group Co., Ltd. 432,000 62,984 Far East Horizon, Ltd. 311,000 264,962 First Tractor Co., Ltd. Class H 80,000 38,054 Fufeng Group, Ltd. 212,000 129,545 # Future Land Development Holdings, Ltd. 340,000 141,395 #* GCL-Poly Energy Holdings, Ltd. 2,229,000 236,599 Gemdale Properties & Investment Corp., Ltd. 584,000 58,977 * Glorious Property Holdings, Ltd. 558,000 62,828 Golden Throat Holdings Group Co., Ltd. 21,500 7,405 Goldlion Holdings, Ltd. 60,000 26,184 Goldpac Group, Ltd. 38,000 12,542 # GOME Electrical Appliances Holding, Ltd. 2,442,000 293,667 * Grand Baoxin Auto Group, Ltd. 37,000 18,818 # Greatview Aseptic Packaging Co., Ltd. 205,000 118,048 Greenland Hong Kong Holdings, Ltd. 176,000 65,227 # Greentown China Holdings, Ltd. 127,500 163,713 Guangdong Yueyun Transportation Co., Ltd. Class H 18,000 11,749 Guangshen Railway Co., Ltd. Class H 80,000 41,160 Guangzhou R&F Properties Co., Ltd. Class H 194,400 347,084 * Guodian Technology & Environment Group Corp., Ltd. Class H 101,000 7,111 Guolian Securities Co., Ltd. Class H 77,500 39,138 * Haichang Ocean Park Holdings, Ltd. 214,000 46,293 * Harbin Bank Co., Ltd. Class H 132,000 42,033 Harbin Electric Co., Ltd. Class H 138,000 75,878 # Harmonicare Medical Holdings, Ltd. 62,000 27,691 # HC International, Inc. 64,000 46,414 * Hengdeli Holdings, Ltd. 448,000 45,269 * Hengshi Mining Investments, Ltd. 46,000 12,712 * Hi Sun Technology China, Ltd. 384,000 70,647 # Hilong Holding, Ltd. 157,000 26,864 HKC Holdings, Ltd. 41,000 31,961 * HNA Holding Group Co., Ltd. 620,000 22,216 HNA Infrastructure Co., Ltd. Class H 31,000 25,091 * Honghua Group, Ltd. 353,000 31,617 Honworld Group, Ltd. 20,500 10,415 Hopson Development Holdings, Ltd. 130,000 124,741 HOSA International, Ltd. 38,000 11,768 * Hua Han Health Industry Holdings, Ltd. 764,000 9,723 Huaneng Renewables Corp., Ltd. Class H 754,000 229,525 Huishang Bank Corp., Ltd. Class H 158,000 76,877 #* Hydoo International Holding, Ltd. 256,000 29,488 Inner Mongolia Yitai Coal Co., Ltd. Class H 28,300 28,897 # Jiangnan Group, Ltd. 280,000 21,134 Jiangxi Copper Co., Ltd. Class H 179,000 326,293 * JinkoSolar Holding Co., Ltd. ADR 4,772 131,803 Joy City Property, Ltd. 516,000 75,879 Ju Teng International Holdings, Ltd. 174,000 70,112 * Jutal Offshore Oil Services, Ltd. 130,000 42,093 K Wah International Holdings, Ltd. 185,114 111,248 * Kai Yuan Holdings, Ltd. 1,160,000 9,346 #* Kaisa Group Holdings, Ltd. 547,000 209,129 Kangda International Environmental Co., Ltd. 119,000 23,440 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- CHINA -- (Continued) #* Kasen International Holdings, Ltd. 136,000 $ 22,450 Kingboard Chemical Holdings, Ltd. 133,500 601,034 Kingboard Laminates Holdings, Ltd. 151,000 210,439 * Ko Yo Chemical Group, Ltd. 204,000 3,452 # Kunlun Energy Co., Ltd. 506,000 504,420 KWG Property Holding, Ltd. 238,500 176,984 Lai Fung Holdings, Ltd. 1,020,000 31,309 Le Saunda Holdings, Ltd. 46,000 8,778 Lee & Man Paper Manufacturing, Ltd. 260,000 276,887 Legend Holdings Corp. Class H 54,100 141,482 Leoch International Technology, Ltd. 122,000 26,696 * Lianhua Supermarket Holdings Co., Ltd. Class H 33,000 13,408 #* Lifestyle China Group, Ltd. 150,500 61,581 # Logan Property Holdings Co., Ltd. 200,000 173,334 Longfor Properties Co., Ltd. 269,500 676,337 Lonking Holdings, Ltd. 407,000 132,682 Luye Pharma Group, Ltd. 57,500 32,593 # LVGEM China Real Estate Investment Co., Ltd. 148,000 40,540 * Maanshan Iron & Steel Co., Ltd. Class H 84,000 40,681 Maoye International Holdings, Ltd. 188,000 18,998 * MIE Holdings Corp. 14,000 1,325 # Minmetals Land, Ltd. 340,000 43,928 Modern Land China Co., Ltd. 156,000 29,333 #* Munsun Capital Group, Ltd. 1,596,000 18,387 Nanjing Sample Technology Co., Ltd. Class H 3,000 4,455 #* National Agricultural Holdings, Ltd. 136,000 15,540 * New World Department Store China, Ltd. 124,000 31,550 # Nine Dragons Paper Holdings, Ltd. 249,000 370,468 #* North Mining Shares Co., Ltd. 2,260,000 40,481 * NQ Mobile, Inc. Class A ADR 15,165 51,864 NVC Lighting Holdings, Ltd. 217,000 24,142 #* O-Net Technologies Group, Ltd. 22,000 14,196 #* Ourgame International Holdings, Ltd. 44,000 11,310 Overseas Chinese Town Asia Holdings, Ltd. 50,000 24,246 #* Ozner Water International Holding, Ltd. 117,000 29,465 Pacific Online, Ltd. 100,000 18,683 # Parkson Retail Group, Ltd. 179,500 28,914 # PAX Global Technology, Ltd. 135,000 89,522 * Phoenix New Media, Ltd. ADR 6,900 18,561 Phoenix Satellite Television Holdings, Ltd. 182,000 27,008 Poly Culture Group Corp., Ltd. Class H 18,400 41,215 * Poly Property Group Co., Ltd. 449,000 235,451 # Pou Sheng International Holdings, Ltd. 374,000 74,135 Powerlong Real Estate Holdings, Ltd. 247,000 115,349 * Prosperity International Holdings HK, Ltd. 1,120,000 16,165 #* PW Medtech Group, Ltd. 114,000 25,981 Qingdao Port International Co., Ltd. Class H 125,000 70,731 * Qinhuangdao Port Co., Ltd. Class H 105,500 33,454 Red Star Macalline Group Corp., Ltd. Class H 71,600 74,323 #* Renhe Commercial Holdings Co., Ltd. 3,330,000 73,714 * REXLot Holdings, Ltd. 1,475,000 18,683 #* Ronshine China Holdings, Ltd. 54,500 59,758 #* Sany Heavy Equipment International Holdings Co., Ltd. 175,000 33,354 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- CHINA -- (Continued) Seaspan Corp. 10,815 $ 72,460 #* Semiconductor Manufacturing International Corp. 334,500 366,675 * Semiconductor Manufacturing International Corp. ADR 22,919 126,742 Shandong Chenming Paper Holdings, Ltd. Class H 62,000 94,989 Shandong Weigao Group Medical Polymer Co., Ltd. Class H 300,000 241,757 Shanghai Dasheng Agricultural Finance Technology Co., Ltd. Class H 336,000 30,513 * Shanghai Electric Group Co., Ltd. Class H 532,000 247,034 Shanghai Haohai Biological Technology Co., Ltd. Class H 7,400 39,132 Shanghai Industrial Holdings, Ltd. 100,000 288,984 Shanghai Industrial Urban Development Group, Ltd. 312,000 75,821 Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H 262,000 75,062 Shanghai La Chapelle Fashion Co., Ltd. Class H 19,200 24,332 Shanghai Prime Machinery Co., Ltd. Class H 150,000 32,034 * Shanghai Zendai Property, Ltd. 1,085,000 17,226 Shengjing Bank Co., Ltd. Class H 73,500 65,428 Shenguan Holdings Group, Ltd. 186,000 11,057 Shenzhen International Holdings, Ltd. 173,478 296,955 Shenzhen Investment, Ltd. 640,187 293,868 Shimao Property Holdings, Ltd. 223,500 445,221 Shougang Fushan Resources Group, Ltd. 544,000 125,961 Shui On Land, Ltd. 690,500 172,281 #* Shunfeng International Clean Energy, Ltd. 238,000 12,927 # Sihuan Pharmaceutical Holdings Group, Ltd. 704,000 296,241 #* Silverman Holdings, Ltd. 144,000 14,766 #* Sino Oil And Gas Holdings, Ltd. 2,655,000 58,784 Sino-Ocean Group Holdings, Ltd. 572,500 319,909 #* Sinofert Holdings, Ltd. 450,000 62,126 Sinopec Engineering Group Co., Ltd. Class H 161,000 144,476 # Sinopec Kantons Holdings, Ltd. 180,000 108,693 Sinopec Shanghai Petrochemical Co., Ltd. Class H 104,000 59,100 Sinotrans, Ltd. Class H 410,000 208,203 Sinotruk Hong Kong, Ltd. 123,000 128,972 * Skyfame Realty Holdings, Ltd. 208,000 31,966 Skyworth Digital Holdings, Ltd. 405,377 217,191 # SMI Holdings Group, Ltd. 205,600 107,971 SOHO China, Ltd. 417,000 227,167 * Sohu.com, Inc. 5,724 325,295 * Sound Global, Ltd. 47,000 18,052 Springland International Holdings, Ltd. 154,000 29,781 * SRE Group, Ltd. 962,000 22,391 Sunac China Holdings, Ltd. 168,000 446,914 * Sunshine 100 China Holdings, Ltd. 84,000 34,963 Symphony Holdings, Ltd. 330,000 29,128 TCC International Holdings, Ltd. 314,000 143,460 * TCL Multimedia Technology Holdings, Ltd. 108,000 53,215 * Tech Pro Technology Development, Ltd. 1,046,000 10,978 #* Technovator International, Ltd. 102,000 31,551 # Tenwow International Holdings, Ltd. 120,000 22,560 Texhong Textile Group, Ltd. 38,000 40,842 * Tian An China Investment Co., Ltd. 80,000 54,258 Tian Shan Development Holdings, Ltd. 62,000 25,160 Tiangong International Co., Ltd. 156,000 16,361 Tianjin Port Development Holdings, Ltd. 348,000 57,869 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CHINA -- (Continued) Tianneng Power International, Ltd. 112,000 $ 88,815 Tianyi Summi Holdings, Ltd. 148,000 21,028 Tingyi Cayman Islands Holding Corp. 96,000 122,236 Tomson Group, Ltd. 108,727 55,918 Tonly Electronics Holdings, Ltd. 15,000 15,656 Top Spring International Holdings, Ltd. 49,500 15,766 TPV Technology, Ltd. 168,000 38,859 Trigiant Group, Ltd. 120,000 17,182 Truly International Holdings, Ltd. 236,000 79,067 # Uni-President China Holdings, Ltd. 216,000 167,742 * United Energy Group, Ltd. 1,280,000 46,660 # Universal Medical Financial & Technical Advisory Services Co., Ltd. 93,000 73,991 # Wasion Group Holdings, Ltd. 98,000 43,368 Weichai Power Co., Ltd. Class H 290,000 279,113 Welling Holding, Ltd. 190,000 41,270 * West China Cement, Ltd. 462,000 66,209 * Wisdom Sports Group 77,000 11,130 * Wuzhou International Holdings, Ltd. 200,000 16,891 Xiamen International Port Co., Ltd. Class H 230,000 45,008 #* Xinchen China Power Holdings, Ltd. 97,000 14,879 # Xingda International Holdings, Ltd. 179,550 77,684 * Xingfa Aluminium Holdings, Ltd. 46,000 33,801 Xinjiang Goldwind Science & Technology Co., Ltd. Class H 76,400 86,855 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H 96,000 13,372 XTEP International Holdings, Ltd. 150,000 55,844 Yadea Group Holdings, Ltd. 84,000 21,063 * Yanchang Petroleum International, Ltd. 1,200,000 28,235 Yangtze Optical Fibre and Cable Joint Stock, Ltd. Co. Class H 19,000 41,272 #* Yashili International Holdings, Ltd. 162,000 29,216 Yip's Chemical Holdings, Ltd. 78,000 32,438 * Youyuan International Holdings, Ltd. 45,000 17,282 * Yuanda China Holdings, Ltd. 150,000 2,816 * YuanShengTai Dairy Farm, Ltd. 382,000 19,546 Yuexiu Property Co., Ltd. 1,378,000 259,050 Yuzhou Properties Co., Ltd. 271,000 160,902 Zhaojin Mining Industry Co., Ltd. Class H 156,500 128,655 * Zhong An Real Estate, Ltd. 182,000 59,428 Zhongsheng Group Holdings, Ltd. 110,500 241,826 Zhuhai Holdings Investment Group, Ltd. 66,000 9,620 Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H 245,200 124,797 ----------- TOTAL CHINA 31,522,478 ----------- COLOMBIA -- (0.1%) Almacenes Exito SA 31,679 161,676 * Cemex Latam Holdings SA 10,661 38,915 Grupo Argos SA 8,683 62,459 Grupo Nutresa SA 16,909 151,189 Mineros SA 12,242 10,864 ----------- TOTAL COLOMBIA 425,103 ----------- DENMARK -- (1.3%) ALK-Abello A.S. 814 128,298 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- DENMARK -- (Continued) Alm Brand A.S. 18,735 $ 187,814 * Bang & Olufsen A.S. 6,401 112,000 BankNordik P/F 655 13,240 Brodrene Hartmann A.S. 355 21,746 Columbus A.S. 6,142 13,282 * D/S Norden A.S. 4,180 82,923 DFDS A.S. 4,565 260,364 FLSmidth & Co. A.S. 6,521 399,114 Gronlandsbanken A.S. 75 7,471 * H+H International A.S. Class B 1,306 22,330 Harboes Bryggeri A.S. Class B 929 17,594 ISS A.S. 13,367 547,978 Jyske Bank A.S. 11,373 712,818 Matas A.S. 4,158 64,168 * NKT A.S. 4,519 396,969 Nordjyske Bank A.S. 1,933 36,940 Parken Sport & Entertainment A.S. 1,264 17,441 Per Aarsleff Holding A.S. 2,980 74,331 Ringkjoebing Landbobank A.S. 3,485 183,478 Rockwool International A.S. Class A 682 146,992 Rockwool International A.S. Class B 1,176 267,631 * Santa Fe Group A.S. 1,915 17,353 Schouw & Co. AB 2,455 269,579 Solar A.S. Class B 885 52,705 Spar Nord Bank A.S. 14,321 192,471 Sydbank A.S. 11,774 490,459 TDC A.S. 113,916 702,925 * TK Development A.S. 11,092 18,879 * Topdanmark A.S. 5,506 188,133 * Vestjysk Bank A.S. 5,456 10,661 ---------- TOTAL DENMARK 5,658,087 ---------- FINLAND -- (1.5%) Afarak Group Oyj 14,794 13,855 Ahlstrom-Munksjo Oyj 2,252 46,461 Aktia Bank Oyj 4,262 46,410 Alma Media Oyj 1,300 9,970 Amer Sports Oyj 6,164 165,572 Apetit Oyj 705 11,604 Aspo Oyj 2,763 29,496 Atria Oyj 1,348 18,030 Bittium Oyj 5,165 45,510 Cargotec Oyj Class B 5,496 335,545 Cramo Oyj 4,885 140,140 Finnair Oyj 10,270 111,116 Fiskars Oyj Abp 4,077 102,419 HKScan Oyj Class A 4,896 17,497 Huhtamaki Oyj 571 22,127 Kemira Oyj 17,196 216,750 Kesko Oyj Class A 1,577 80,000 Kesko Oyj Class B 9,225 466,454 Konecranes Oyj 7,068 315,346 Lassila & Tikanoja Oyj 1,451 33,068 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FINLAND -- (Continued) Lemminkainen Oyj 527 $ 15,797 Metsa Board Oyj 34,502 244,055 Metso Oyj 10,554 335,762 Neste Oyj 17,647 765,068 Olvi Oyj Class A 1,369 48,140 Outokumpu Oyj 41,754 350,865 * Outotec Oyj 25,278 164,881 * Poyry Oyj 6,602 37,785 Raisio Oyj Class V 16,921 70,868 Ramirent Oyj 10,074 100,417 Sanoma Oyj 12,729 118,235 SRV Group OYJ 3,329 17,767 * Stockmann Oyj Abp Class A 1,609 13,937 * Stockmann Oyj Abp Class B 5,888 50,978 Stora Enso Oyj Class R 81,990 1,096,192 Teleste Oyj 2,184 20,802 Valmet Oyj 12,169 221,822 Wartsila Oyj Abp 2,889 191,998 YIT Oyj 16,754 142,277 ---------- TOTAL FINLAND 6,235,016 ---------- FRANCE -- (3.8%) Accor SA 609 28,290 Actia Group 1,673 17,556 * Air France-KLM 21,493 291,015 Albioma SA 4,228 99,347 * Amplitude Surgical SAS 2,402 13,693 * Antalis International SAS 1,591 3,616 April SA 2,486 38,256 Arkema SA 10,891 1,239,781 Assystem 1,318 50,555 Aubay 1,134 41,215 Axway Software SA 1,337 38,399 Beneteau SA 6,727 115,487 * Bigben Interactive 2,794 32,054 Bollore SA 65,591 304,318 Bonduelle SCA 2,737 105,168 # Bourbon Corp. 3,531 32,911 Burelle SA 83 117,465 Casino Guichard Perrachon SA 7,604 463,777 Catering International Services 510 11,773 * Cegedim SA 843 32,173 #* CGG SA 2,966 13,097 Chargeurs SA 3,677 106,635 Cie des Alpes 1,197 39,107 * Coface SA 21,764 205,795 Derichebourg SA 12,840 112,490 Eiffage SA 9,999 968,560 Elior Group 10,580 280,825 # Elis SA 10,565 255,447 * Eramet 1,418 89,514 * Esso SA Francaise 472 31,734 Euler Hermes Group 1,597 190,921 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Europcar Groupe SA 7,492 $ 109,084 Eutelsat Communications SA 15,986 432,649 Exel Industries Class A 324 38,727 Faurecia 10,350 574,716 Fleury Michon SA 176 10,563 * Fnac Darty SA 1,988 188,409 GL Events 1,478 43,853 Groupe Crit 466 44,650 Groupe Open 766 22,855 Guerbet 340 30,598 Haulotte Group SA 2,092 36,828 Havas SA 27,033 296,081 HERIGE SADCS 241 11,014 Interparfums SA 1,653 65,687 IPSOS 7,153 247,029 Jacquet Metal Service 1,998 55,837 Korian SA 8,172 270,199 Lagardere SCA 15,859 521,057 Laurent-Perrier 414 37,494 Le Belier 479 25,833 Le Noble Age 433 25,633 LISI 3,245 156,442 Maisons France Confort SA 233 17,091 Manitou BF SA 1,571 55,093 Manutan International 595 61,184 Mersen SA 3,077 113,689 * METabolic EXplorer SA 4,107 11,374 MGI Coutier 1,706 68,619 Mr Bricolage 841 15,840 * Naturex 1,025 104,036 Neopost SA 6,052 277,516 Nexans SA 6,234 357,111 Nexity SA 5,865 314,575 * NRJ Group 4,442 58,794 * OL Groupe SA 4,185 14,183 #* Onxeo SA 4,383 20,968 Orpea 586 67,198 #* Parrot SA 3,907 46,393 PCAS 890 19,027 * Pierre & Vacances SA 1,012 56,564 Plastivaloire 1,672 43,002 PSB Industries SA 290 18,308 Rallye SA 3,853 81,885 Rexel SA 50,303 796,571 Rothschild & Co. 2,893 107,597 Savencia SA 1,013 100,751 SCOR SE 26,197 1,104,881 Seche Environnement SA 669 26,134 #* Sequana SA 7,954 8,835 SES SA 39,359 925,888 * Societe des Bains de Mer et du Cercle des Etrangers a Monaco 669 26,105 Sopra Steria Group 1,971 340,855 SPIE SA 5,603 157,486 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FRANCE -- (Continued) * Stallergenes Greer P.L.C. 694 $ 29,496 #* Ste Industrielle d'Aviation Latecoere SA 10,244 52,726 Stef SA 564 62,687 STMicroelectronics NV 39,599 670,894 Sword Group 1,280 52,569 Synergie SA 1,093 51,790 Tarkett SA 2,198 91,001 Technicolor SA 15,178 55,178 Television Francaise 1 18,336 268,286 Tessi SA 159 29,134 TFF Group 249 44,877 Thermador Groupe 530 58,355 Total Gabon 125 19,724 * Touax SA 791 11,685 Trigano SA 816 107,306 #* Vallourec SA 50,389 298,081 Vetoquinol SA 559 34,741 Vicat SA 3,038 221,941 VIEL & Cie SA 3,477 24,008 Vilmorin & Cie SA 1,053 92,850 * Virbac SA 205 36,589 Vranken-Pommery Monopole SA 634 18,259 ----------- TOTAL FRANCE 16,365,942 ----------- GERMANY -- (5.1%) Aareal Bank AG 12,483 520,647 * Adler Modemaerkte AG 1,247 8,645 #* ADVA Optical Networking SE 8,374 63,776 * AIXTRON SE 18,430 164,005 Allgeier SE 1,181 31,638 Aurubis AG 9,473 843,314 Axel Springer SE 6,852 435,095 Bauer AG 1,881 52,161 BayWa AG 2,383 88,184 # Bertrandt AG 673 64,093 Bijou Brigitte AG 724 50,127 Bilfinger SE 5,946 242,958 * Biotest AG 1,716 55,864 Borussia Dortmund GmbH & Co. KGaA 13,117 92,764 # CANCOM SE 2,721 178,946 CENTROTEC Sustainable AG 1,661 36,761 Cewe Stiftung & Co. KGAA 872 77,163 Comdirect Bank AG 5,388 67,956 * Commerzbank AG 16,071 210,214 CropEnergies AG 4,332 46,586 Deutsche Lufthansa AG 40,731 874,699 Deutsche Pfandbriefbank AG 15,285 201,395 Deutz AG 20,205 149,998 * Dialog Semiconductor P.L.C. 8,526 371,538 DMG Mori AG 7,278 429,815 Dr Hoenle AG 568 23,981 Draegerwerk AG & Co. KGaA 539 43,854 Eckert & Ziegler AG 1,012 42,843 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- GERMANY -- (Continued) EDAG Engineering Group AG 1,291 $ 20,494 Elmos Semiconductor AG 2,007 48,926 ElringKlinger AG 5,087 88,738 * Euromicron AG 489 4,953 * First Sensor AG 1,003 16,468 Francotyp-Postalia Holding AG Class A 1,903 12,588 Fraport AG Frankfurt Airport Services Worldwide 6,652 666,125 Freenet AG 18,587 627,401 Gerresheimer AG 2,464 203,349 # Gerry Weber International AG 4,651 59,343 Gesco AG 1,858 58,898 Grammer AG 2,557 145,280 * H&R GmbH & Co. KGaA 2,448 33,312 Hamburger Hafen und Logistik AG 4,983 139,363 * Heidelberger Druckmaschinen AG 46,381 157,928 Hella KGaA Hueck & Co. 5,513 291,513 * HolidayCheck Group AG 6,854 24,365 Hornbach Baumarkt AG 1,745 64,868 Indus Holding AG 3,130 234,267 Isra Vision AG 533 97,606 * IVU Traffic Technologies AG 2,498 11,965 Jenoptik AG 9,508 261,965 # K+S AG 27,305 710,016 KION Group AG 8,998 780,786 Kloeckner & Co. SE 21,008 232,271 Koenig & Bauer AG 1,814 142,106 * Kontron AG 7,202 29,660 # Krones AG 2,401 298,729 KSB AG 44 24,890 KWS Saat SE 322 130,804 Lanxess AG 11,884 916,421 Leifheit AG 772 30,574 Leoni AG 6,485 383,578 #* Manz AG 900 35,711 * Mediclin AG 5,270 35,332 Metro AG 28,698 322,490 * Metro Wholesale & Food Specialist AG 28,698 579,744 MLP AG 11,785 86,325 * Nordex SE 3,837 52,391 Norma Group SE 2,325 140,996 OHB SE 1,023 36,661 OSRAM Licht AG 10,639 886,594 * Patrizia Immobilien AG 9,804 177,095 * Petro Welt Technologies AG 2,336 18,103 # Pfeiffer Vacuum Technology AG 242 41,039 PNE Wind AG 11,095 34,755 Progress-Werk Oberkirch AG 468 23,822 PSI Software AG 2,016 37,398 Puma SE 77 30,869 QSC AG 16,042 35,263 # R Stahl AG 227 8,598 Rheinmetall AG 8,438 842,028 RHOEN-KLINIKUM AG 6,064 190,829 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) RIB Software SE 7,837 $ 140,007 * RWE AG 66,040 1,391,500 S&T AG 2,246 39,262 SAF-Holland SA 7,178 126,830 Salzgitter AG 8,377 375,831 * Schaltbau Holding AG 933 40,892 SHW AG 1,188 50,034 Sixt Leasing SE 1,946 46,100 Sixt SE 2,096 148,161 SMA Solar Technology AG 2,236 81,091 Softing AG 1,101 15,181 Software AG 8,131 355,512 # Stada Arzneimittel AG 8,547 665,464 Suedzucker AG 13,046 278,446 * Suess MicroTec AG 3,387 48,957 Surteco SE 1,610 47,503 Takkt AG 5,032 123,559 * Talanx AG 8,833 364,248 Technotrans AG 890 43,784 * Tom Tailor Holding SE 5,465 45,836 Traffic Systems SE 622 12,032 Uniper SE 33,621 692,894 VERBIO Vereinigte BioEnergie AG 4,422 50,298 * Vossloh AG 1,966 130,760 VTG AG 2,005 100,518 Wacker Chemie AG 2,396 297,354 Wacker Neuson SE 5,160 138,523 Wuestenrot & Wuerttembergische AG 2,893 74,714 Zeal Network SE 861 23,732 ----------- TOTAL GERMANY 21,983,636 ----------- HONG KONG -- (2.0%) #* 13 Holdings, Ltd. (The) 99,000 12,938 Agritrade Resources, Ltd. 65,000 15,980 Allied Properties HK, Ltd. 290,000 63,420 * Applied Development Holdings, Ltd. 290,000 19,668 APT Satellite Holdings, Ltd. 55,000 27,131 Asia Financial Holdings, Ltd. 32,000 17,525 Asian Growth Properties, Ltd. 25,360 9,193 Associated International Hotels, Ltd. 12,000 36,868 Bonjour Holdings, Ltd. 134,000 6,430 * Burwill Holdings, Ltd. 422,000 11,279 Cathay Pacific Airways, Ltd. 188,000 294,552 Century City International Holdings, Ltd. 224,000 21,187 * Champion Technology Holdings, Ltd. 848,000 12,679 Cheuk Nang Holdings, Ltd. 33,451 22,266 Chevalier International Holdings, Ltd. 20,000 33,404 * China Best Group Holding, Ltd. 1,380,000 19,068 * China Chuanglian Education Financial Group, Ltd. 232,000 3,524 * China Energy Development Holdings, Ltd. 690,000 8,125 China Flavors & Fragrances Co., Ltd. 52,000 15,638 China Metal International Holdings, Inc. 38,000 14,347 Chow Sang Sang Holdings International, Ltd. 44,000 102,746 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) Chuang's Consortium International, Ltd. 180,000 $ 41,906 CITIC Telecom International Holdings, Ltd. 220,000 66,978 CK Life Sciences Intl Holdings, Inc. 344,000 28,144 * CMMB Vision Holdings, Ltd. 320,000 15,965 CNQC International Holdings, Ltd. 70,000 22,224 CNT Group, Ltd. 150,000 9,397 # Cowell e Holdings, Inc. 22,000 8,998 * Crocodile Garments 69,000 8,831 CSI Properties, Ltd. 870,000 46,207 CW Group Holdings, Ltd. 52,000 8,717 Dah Sing Banking Group, Ltd. 60,400 129,353 # Dah Sing Financial Holdings, Ltd. 20,400 144,349 Eagle Nice International Holdings, Ltd. 44,000 18,182 * Emperor Culture Group, Ltd. 320,000 10,231 Emperor International Holdings, Ltd. 270,000 104,337 * Emperor Watch & Jewellery, Ltd. 360,000 15,672 * Esprit Holdings, Ltd. 274,000 135,008 * eSun Holdings, Ltd. 132,000 16,555 Far East Consortium International, Ltd. 161,795 89,204 # FIH Mobile, Ltd. 459,000 153,363 First Pacific Co., Ltd. 284,000 212,544 * First Shanghai Investments, Ltd. 88,000 11,915 Fountain SET Holdings, Ltd. 142,000 18,712 #* GCL New Energy Holdings, Ltd. 920,000 42,363 Get Nice Financial Group, Ltd. 169,050 27,679 Get Nice Holdings, Ltd. 1,162,000 40,867 * Global Brands Group Holding, Ltd. 972,000 91,980 # Goodbaby International Holdings, Ltd. 148,000 72,528 Guoco Group, Ltd. 6,000 70,340 # Haitong International Securities Group, Ltd. 234,000 134,859 Hang Lung Group, Ltd. 138,000 524,191 Hanison Construction Holdings, Ltd. 105,877 20,713 Harbour Centre Development, Ltd. 17,000 31,793 * HKR International, Ltd. 112,000 62,192 Hon Kwok Land Investment Co., Ltd. 54,000 33,360 Hong Kong Aircraft Engineering Co., Ltd. 4,400 30,687 # Hongkong & Shanghai Hotels, Ltd. (The) 85,500 151,983 Hopewell Holdings, Ltd. 90,000 344,229 #* Hsin Chong Group Holdings, Ltd. 532,000 17,879 Hutchison Telecommunications Hong Kong Holdings, Ltd. 180,000 69,070 IPE Group, Ltd. 75,000 18,716 IT, Ltd. 68,000 33,923 ITC Properties Group, Ltd. 38,000 14,827 Johnson Electric Holdings, Ltd. 45,000 159,903 Karrie International Holdings, Ltd. 122,000 19,344 Kerry Logistics Network, Ltd. 76,000 109,288 Kerry Properties, Ltd. 99,000 346,922 Kingmaker Footwear Holdings, Ltd. 74,000 21,774 Kowloon Development Co., Ltd. 77,000 84,821 Lai Sun Development Co., Ltd. 2,475,000 91,762 Lai Sun Garment International, Ltd. 301,000 132,558 # Li & Fung, Ltd. 734,000 268,502 Luk Fook Holdings International, Ltd. 52,000 190,921 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) Luks Group Vietnam Holdings Co., Ltd. 30,000 $ 9,866 Lung Kee Bermuda Holdings 32,000 14,865 * Macau Legend Development, Ltd. 192,000 33,138 * Man Sang International, Ltd. 150,000 8,834 # Master Glory Group, Ltd.(BYTP1T9) 1,178,174 16,105 Master Glory Group, Ltd.(BYTP1T9) 147,272 2,017 Melco International Development, Ltd. 104,000 245,751 * Midland Holdings, Ltd. 80,000 21,277 Miramar Hotel & Investment 32,000 73,309 * Mongolian Mining Corp. 656,500 23,143 NagaCorp, Ltd. 226,000 137,757 * New Sports Group, Ltd. 2,650,000 12,226 * New Times Energy Corp., Ltd. 618,000 19,531 * Newocean Energy Holdings, Ltd. 124,000 36,652 * Nine Express, Ltd. 90,000 3,279 * Orient Overseas International, Ltd. 36,500 339,683 Oriental Watch Holdings 60,000 12,662 * Pacific Andes International Holdings, Ltd. 668,000 2,343 #* Pacific Basin Shipping, Ltd. 577,000 126,074 Paliburg Holdings, Ltd. 86,000 36,749 Pico Far East Holdings, Ltd. 100,000 41,218 Playmates Holdings, Ltd. 240,000 34,094 Playmates Toys, Ltd. 60,000 10,210 Polytec Asset Holdings, Ltd. 325,000 28,077 Public Financial Holdings, Ltd. 24,000 11,149 * PYI Corp., Ltd. 560,000 12,323 Regal Hotels International Holdings, Ltd. 68,000 53,258 # SEA Holdings, Ltd. 20,000 23,551 * SEEC Media Group, Ltd. 900,000 4,145 Shangri-La Asia, Ltd. 150,000 243,597 # Shenwan Hongyuan HK, Ltd. 65,000 24,496 * Silver base Group Holdings, Ltd. 174,000 11,574 * Singamas Container Holdings, Ltd. 282,000 40,397 SITC International Holdings Co., Ltd. 27,000 22,463 Sitoy Group Holdings, Ltd. 81,000 17,721 SJM Holdings, Ltd. 246,000 245,934 * SOCAM Development, Ltd. 28,000 8,489 Soundwill Holdings, Ltd. 12,500 31,332 * South China Holdings Co., Ltd. 190,000 7,291 Stella International Holdings, Ltd. 65,000 111,407 Sun Hung Kai & Co., Ltd. 91,000 60,095 * Talent Property Group, Ltd. 570,000 7,002 Tao Heung Holdings, Ltd. 39,000 8,089 Television Broadcasts, Ltd. 37,700 138,004 # Texwinca Holdings, Ltd. 124,000 75,227 # Town Health International Medical Group, Ltd. 106,000 8,009 Transport International Holdings, Ltd. 33,200 111,966 * Trinity, Ltd. 118,000 6,797 * TSC Group Holdings, Ltd. 50,000 4,416 Tsui Wah Holdings, Ltd. 58,000 8,974 * United Laboratories International Holdings, Ltd. (The) 90,000 56,408 Upbest Group, Ltd. 96,000 15,020 Vantage International Holdings, Ltd. 96,000 13,731 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- HONG KONG -- (Continued) Varitronix International, Ltd. 44,000 $ 23,493 Vedan International Holdings, Ltd. 80,000 9,418 Victory City International Holdings, Ltd. 640,562 21,717 VST Holdings, Ltd. 102,000 27,073 Wai Kee Holdings, Ltd. 48,000 21,769 Win Hanverky Holdings, Ltd. 70,000 9,850 Wing On Co. International, Ltd. 20,000 67,475 Wing Tai Properties, Ltd. 52,000 35,587 Wong's Kong King International 80,000 10,540 Xinyi Glass Holdings, Ltd. 152,000 157,061 Yue Yuen Industrial Holdings, Ltd. 53,000 218,819 ---------- TOTAL HONG KONG 8,619,261 ---------- INDIA -- (4.2%) * Aarti Drugs, Ltd. 1,321 11,637 * Aban Offshore, Ltd. 4,866 14,001 Adani Enterprises, Ltd. 35,952 77,536 Adani Ports & Special Economic Zone, Ltd. 20,256 125,247 * Adani Power, Ltd. 177,907 92,715 * Adani Transmissions, Ltd. 32,395 62,959 * Aditya Birla Capital, Ltd. 34,853 84,135 * Aditya Birla Fashion and Retail, Ltd. 28,844 77,782 * Allahabad Bank 31,594 37,077 * Allcargo Logistics, Ltd. 10,423 27,908 Anant Raj, Ltd. 24,606 24,294 Andhra Bank 15,328 13,686 * Apar Industries, Ltd. 1,626 19,906 Apollo Tyres, Ltd. 41,334 171,431 Arvind, Ltd. 18,888 107,595 * Ashiana Housing, Ltd. 3,606 10,295 Ashoka Buildcon, Ltd. 4,913 14,225 Atul, Ltd. 945 32,450 Bajaj Electricals, Ltd. 7,555 38,384 Bajaj Finance, Ltd. 1,148 30,504 Bajaj Finserv, Ltd. 4,216 328,827 * Bajaj Hindusthan Sugar, Ltd. 39,744 9,818 Bajaj Holdings & Investment, Ltd. 3,285 123,886 Balkrishna Industries, Ltd. 5,010 127,650 * Ballarpur Industries, Ltd. 73,565 19,033 Balmer Lawrie & Co., Ltd. 5,628 22,016 Balrampur Chini Mills, Ltd. 21,237 54,380 Banco Products India, Ltd. 5,278 19,174 * Bank of India 40,129 103,814 Bannari Amman Sugars, Ltd. 400 13,099 BEML, Ltd. 1,599 43,098 Bharat Heavy Electricals, Ltd. 11,588 26,156 Biocon, Ltd. 17,451 104,914 Birla Corp., Ltd. 4,098 60,783 Bliss Gvs Pharma, Ltd. 9,745 24,966 Bombay Dyeing & Manufacturing Co., Ltd. 7,230 9,366 * Bombay Rayon Fashions, Ltd. 4,813 11,347 * Brigade Enterprises, Ltd. 2,957 12,971 Canara Bank 3,532 20,237 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) Capital First, Ltd. 2,383 $ 28,613 Carborundum Universal, Ltd. 5,653 29,963 Ceat, Ltd. 3,634 106,161 * CG Power and Industrial Solutions, Ltd. 57,668 76,332 Chambal Fertilizers and Chemicals, Ltd. 29,997 63,240 Chennai Super Kings Cricket, Ltd. 33,314 219 Cholamandalam Investment and Finance Co., Ltd. 4,941 92,399 City Union Bank, Ltd. 19,798 55,538 Clariant Chemicals India, Ltd. 1,294 13,616 * Coffee Day Enterprises, Ltd. 6,695 25,520 Coromandel International, Ltd. 11,341 79,756 * Corp. Bank 22,755 17,987 Cox & Kings, Ltd. 15,037 66,495 Crompton Greaves Consumer Electricals, Ltd. 30,969 105,508 Cyient, Ltd. 10,755 87,982 * Dalmia Bharat, Ltd. 3,039 126,025 DCB Bank, Ltd. 19,691 59,954 DCM Shriram, Ltd. 8,218 47,424 * Deepak Fertilisers & Petrochemicals Corp., Ltd. 4,967 27,780 Deepak Nitrite, Ltd. 5,821 14,826 Delta Corp., Ltd. 11,121 29,549 * DEN Networks, Ltd. 6,479 8,537 * Dena Bank 26,714 14,219 Dewan Housing Finance Corp., Ltd. 28,036 199,638 Dhampur Sugar Mills, Ltd. 3,464 13,165 Dishman Carbogen Amcis, Ltd. 9,244 43,402 * DLF, Ltd. 62,051 186,582 Dredging Corp. Of India, Ltd. 1,984 19,360 EID Parry India, Ltd. 10,423 54,908 EIH, Ltd. 14,472 31,063 Electrosteel Castings, Ltd. 14,500 7,456 Engineers India, Ltd. 27,526 68,134 * Eros International Media, Ltd. 5,517 19,044 Escorts, Ltd. 10,792 112,555 Essel Propack, Ltd. 6,079 23,304 * Eveready Industries India, Ltd. 4,825 23,145 Exide Industries, Ltd. 32,046 108,664 * FDC, Ltd. 4,381 12,363 Federal Bank, Ltd. 152,911 275,106 Finolex Cables, Ltd. 9,691 70,504 * Firstsource Solutions, Ltd. 49,505 27,958 * Fortis Healthcare, Ltd. 14,249 34,529 Future Enterprises, Ltd. 2,434 1,447 * Future Retail, Ltd. 11,207 70,483 GAIL India, Ltd. 48,947 287,138 Gateway Distriparks, Ltd. 9,577 40,712 Gati, Ltd. 9,843 18,558 GHCL, Ltd. 6,025 22,161 GIC Housing Finance, Ltd. 2,271 18,312 Godfrey Phillips India, Ltd. 601 10,619 Graphite India, Ltd. 7,014 22,544 Grasim Industries, Ltd. 24,896 414,652 Great Eastern Shipping Co., Ltd. (The) 8,188 50,532 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) Greaves Cotton, Ltd. 6,939 $ 17,415 Gujarat Alkalies & Chemicals, Ltd. 3,823 23,676 * Gujarat Ambuja Exports, Ltd. 5,661 10,495 * Gujarat Fluorochemicals, Ltd. 4,296 52,035 Gujarat Mineral Development Corp., Ltd. 15,723 34,810 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd. 5,880 27,355 Gujarat Pipavav Port, Ltd. 3,533 8,148 Gujarat State Petronet, Ltd. 23,516 71,841 * Hathway Cable & Datacom, Ltd. 53,718 27,225 * HCL Infosystems, Ltd. 29,397 22,178 HCL Technologies, Ltd. 946 13,140 * HEG, Ltd. 5,390 41,732 * HeidelbergCement India, Ltd. 9,822 19,748 Hexaware Technologies, Ltd. 15,362 62,874 Hikal, Ltd. 6,003 20,708 * Himachal Futuristic Communications, Ltd. 103,165 29,258 Himadri Speciality Chemical, Ltd. 28,900 38,901 Himatsingka Seide, Ltd. 3,227 17,785 Hindalco Industries, Ltd. 183,525 629,523 Hinduja Global Solutions, Ltd. 1,469 12,043 * Hindustan Construction Co., Ltd. 58,971 37,664 Hindustan Media Ventures, Ltd. 2,725 11,737 Honda SIEL Power Products, Ltd. 505 11,946 * Housing Development & Infrastructure, Ltd. 42,843 57,904 HSIL, Ltd. 5,251 30,863 HT Media, Ltd. 4,432 6,358 Huhtamaki PPL, Ltd. 3,404 13,432 * IDBI Bank, Ltd. 81,040 75,333 Idea Cellular, Ltd. 206,558 296,983 IDFC Bank, Ltd. 52,937 49,161 * IFCI, Ltd. 127,562 53,680 IIFL Holdings, Ltd. 24,794 230,129 * IL&FS Transportation Networks, Ltd. 16,134 23,075 India Cements, Ltd. (The) 33,314 106,333 Indiabulls Housing Finance, Ltd. 41,324 758,032 Indian Bank 12,903 62,797 Indian Hotels Co., Ltd. 23,397 45,405 * Indian Overseas Bank 79,497 30,981 Ingersoll-Rand India, Ltd. 672 8,991 * Inox Wind, Ltd. 6,588 14,098 Ipca Laboratories, Ltd. 7,005 52,396 J Kumar Infraprojects, Ltd. 3,645 16,402 * Jagran Prakashan, Ltd. 13,729 37,668 Jain Irrigation Systems, Ltd. 58,090 96,028 * Jaiprakash Associates, Ltd. 251,146 114,796 Jammu & Kashmir Bank, Ltd. (The) 39,640 51,553 * Jaypee Infratech, Ltd. 86,176 29,368 JB Chemicals & Pharmaceuticals, Ltd. 3,541 17,093 JBF Industries, Ltd. 3,357 10,984 Jindal Poly Films, Ltd. 1,754 10,311 Jindal Saw, Ltd. 28,520 45,907 * Jindal Steel & Power, Ltd. 62,559 149,016 * JITF Infralogistics, Ltd. 2,293 1,607 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) JK Cement, Ltd. 2,985 $ 47,005 JK Lakshmi Cement, Ltd. 2,854 20,472 JK Paper, Ltd. 7,255 11,021 JK Tyre & Industries, Ltd. 7,877 19,819 JM Financial, Ltd. 37,220 69,808 JSW Energy, Ltd. 66,276 72,307 JSW Steel, Ltd. 139,440 480,384 Jubilant Life Sciences, Ltd. 10,098 112,588 * Just Dial, Ltd. 1,833 10,796 * Kalpataru Power Transmission, Ltd. 5,875 31,686 Kalyani Steels, Ltd. 4,674 32,226 Karnataka Bank, Ltd. (The) 30,949 74,263 Karur Vysya Bank, Ltd. (The) 36,190 79,216 * Kaveri Seed Co., Ltd. 3,892 41,981 * KCP, Ltd. 5,424 8,758 KEC International, Ltd. 6,560 31,241 Kirloskar Brothers, Ltd. 3,469 13,313 * KNR Constructions, Ltd. 2,477 8,144 KPIT Technologies, Ltd. 27,966 55,626 KPR Mill, Ltd. 2,394 29,551 * KRBL, Ltd. 7,770 55,613 KSB Pumps, Ltd. 1,337 15,536 Kwality, Ltd. 5,565 12,628 L&T Finance Holdings, Ltd. 61,204 166,805 Lakshmi Machine Works, Ltd. 278 25,640 Lakshmi Vilas Bank, Ltd. (The) 6,781 18,915 LIC Housing Finance, Ltd. 26,547 285,038 Linde India, Ltd. 1,784 12,133 Mahindra & Mahindra Financial Services, Ltd. 21,485 134,149 * Mahindra CIE Automotive, Ltd. 13,480 52,558 Mahindra Lifespace Developers, Ltd. 2,136 14,016 Man Infraconstruction, Ltd. 12,988 13,138 Manappuram Finance, Ltd. 78,811 131,050 Marksans Pharma, Ltd. 41,168 27,221 Max Financial Services, Ltd. 1,865 17,704 McLeod Russel India, Ltd. 8,584 23,458 Mercator, Ltd. 9,655 6,139 Merck, Ltd. 1,383 26,491 MindTree, Ltd. 13,192 97,952 Motilal Oswal Financial Services, Ltd. 1,841 30,616 Mphasis, Ltd. 12,343 115,828 MRF, Ltd. 148 159,361 Muthoot Finance, Ltd. 10,679 78,948 National Aluminium Co., Ltd. 73,439 80,105 Nava Bharat Ventures, Ltd. 10,426 22,347 Navin Fluorine International, Ltd. 1,665 18,051 * Navkar Corp., Ltd. 5,162 16,323 NCC, Ltd. 64,575 89,734 NIIT Technologies, Ltd. 3,874 30,944 Nilkamal, Ltd. 1,710 49,877 NOCIL, Ltd. 4,448 10,006 * Oberoi Realty, Ltd. 15,798 94,503 * OCL India, Ltd. 1,709 32,796 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) Omaxe, Ltd. 12,406 $ 39,546 Orient Cement, Ltd. 7,237 17,590 Oriental Bank of Commerce 12,870 29,589 * Patel Engineering, Ltd. 6,217 7,987 PC Jeweller, Ltd. 13,152 52,460 Persistent Systems, Ltd. 6,923 69,857 Petronet LNG, Ltd. 20,233 63,954 Pfizer, Ltd. 1,489 41,631 Phillips Carbon Black, Ltd. 1,646 14,968 Piramal Enterprises, Ltd. 4,262 196,214 * Polaris Consulting & Services, Ltd. 5,149 18,542 Polyplex Corp., Ltd. 1,537 11,069 Power Finance Corp., Ltd. 100,884 195,699 * Praj Industries, Ltd. 14,719 17,705 * Prakash Industries, Ltd. 6,192 13,750 * Prestige Estates Projects, Ltd. 16,306 68,350 PTC India Financial Services, Ltd. 38,975 24,412 PTC India, Ltd. 42,176 79,415 * Punjab & Sind Bank 13,226 11,261 Radico Khaitan, Ltd. 8,334 18,295 Rain Industries, Ltd. 25,025 50,592 Rajesh Exports, Ltd. 11,983 132,973 Ramco Cements, Ltd. (The) 6,820 72,313 Ramco Industries, Ltd. 4,757 17,166 * Ramco Systems, Ltd. 1,512 10,164 Ramkrishna Forgings, Ltd. 1,507 12,432 Rashtriya Chemicals & Fertilizers, Ltd. 23,699 32,160 * Ratnamani Metals & Tubes, Ltd. 2,005 25,622 * RattanIndia Power, Ltd. 91,896 9,525 Raymond, Ltd. 5,379 66,270 Redington India, Ltd. 39,736 92,684 * Reliance Communications, Ltd. 127,476 52,126 * Reliance Power, Ltd. 104,301 73,396 * Rolta India, Ltd. 8,907 8,073 Rural Electrification Corp., Ltd. 104,056 283,500 Sadbhav Engineering, Ltd. 11,993 54,790 Sanghvi Movers, Ltd. 3,444 12,520 * Sequent Scientific, Ltd. 12,214 23,496 * Shipping Corp. of India, Ltd. 11,298 14,557 Shriram City Union Finance, Ltd. 2,149 76,598 Shriram Transport Finance Co., Ltd. 4,809 76,752 * Sical Logistics, Ltd. 2,968 11,954 Simplex Infrastructures, Ltd. 2,715 20,370 Sintex Industries, Ltd. 57,537 33,411 * Sintex Plastics Technology, Ltd. 57,537 76,640 * Siyaram Silk Mills, Ltd. 572 18,604 Sobha, Ltd. 4,729 29,478 Sonata Software, Ltd. 5,128 13,345 South Indian Bank, Ltd. (The) 97,154 45,825 SREI Infrastructure Finance, Ltd. 37,294 67,995 SRF, Ltd. 2,383 56,396 State Bank of India 12,640 61,610 Strides Shasun, Ltd. 6,329 104,193 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Sundaram-Clayton, Ltd. 244 $ 17,147 Sunteck Realty, Ltd. 3,604 12,885 Sutlej Textiles and Industries, Ltd. 592 8,265 Suven Life Sciences, Ltd. 2,212 5,726 * Syndicate Bank 25,260 28,982 TAKE Solutions, Ltd. 5,322 12,323 Tamil Nadu Newsprint & Papers, Ltd. 3,357 19,424 Tata Chemicals, Ltd. 10,935 105,443 Tata Global Beverages, Ltd. 66,514 176,393 Tata Steel, Ltd. 49,276 435,928 Tech Mahindra, Ltd. 24,288 145,724 Techno Electric & Engineering Co., Ltd. 5,362 30,471 Time Technoplast, Ltd. 10,500 26,789 Titagarh Wagons, Ltd. 11,040 21,024 Transport Corp. of India, Ltd. 3,428 16,830 Trident, Ltd. 16,613 21,420 * Triveni Engineering & Industries, Ltd. 9,311 11,724 Tube Investments of India, Ltd. 10,281 125,130 TV Today Network, Ltd. 2,611 9,850 * TV18 Broadcast, Ltd. 86,868 54,138 * UCO Bank 43,518 22,536 Uflex, Ltd. 4,170 28,879 Unichem Laboratories, Ltd. 6,091 25,092 * Union Bank of India 27,772 68,549 * Unitech, Ltd. 397,021 54,167 * United Bank of India 29,567 8,981 UPL, Ltd. 25,186 343,338 VA Tech Wabag, Ltd. 4,125 39,166 * Vardhman Textiles, Ltd. 2,918 55,629 Vedanta, Ltd. 158,687 691,282 * Videocon Industries, Ltd. 11,739 4,536 Vijaya Bank 51,437 56,155 Voltas, Ltd. 5,813 45,732 * VST Tillers Tractors, Ltd. 380 13,016 Welspun Corp., Ltd. 15,728 31,809 West Coast Paper Mills, Ltd. 3,403 10,673 Wockhardt, Ltd. 3,683 34,885 Zee Media Corp., Ltd. 34,161 20,603 Zensar Technologies, Ltd. 2,085 26,046 ----------- TOTAL INDIA 18,226,246 ----------- INDONESIA -- (0.8%) Adaro Energy Tbk PT 2,420,100 324,121 Adhi Karya Persero Tbk PT 264,400 44,025 Agung Podomoro Land Tbk PT 466,200 7,837 Alam Sutera Realty Tbk PT 1,729,800 41,811 * Aneka Tambang Persero Tbk PT 1,917,480 99,285 Astra Agro Lestari Tbk PT 53,600 59,230 * Bank Artha Graha Internasional Tbk PT 2,457,100 17,132 Bank Bukopin Tbk 371,100 16,562 Bank Danamon Indonesia Tbk PT 447,700 191,445 Bank Maybank Indonesia Tbk PT 1,173,000 27,630 * Bank Pan Indonesia Tbk PT 521,700 42,470 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- INDONESIA -- (Continued) Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 418,000 $ 64,932 Bank Pembangunan Daerah Jawa Timur Tbk PT 382,300 18,068 * Bank Permata Tbk PT 726,176 38,430 Bank Tabungan Negara Persero Tbk PT 649,900 126,806 * Barito Pacific Tbk PT 982,800 122,827 Bekasi Fajar Industrial Estate Tbk PT 835,100 19,427 BISI International Tbk PT 130,500 14,990 Ciputra Development Tbk PT 1,560,286 121,208 * Delta Dunia Makmur Tbk PT 1,079,400 64,417 * Eagle High Plantations Tbk PT 2,331,500 38,138 Elnusa Tbk PT 671,700 13,514 Fajar Surya Wisesa Tbk PT 92,000 31,623 Gajah Tunggal Tbk PT 335,500 24,156 * Garuda Indonesia Persero Tbk PT 440,200 11,438 Global Mediacom Tbk PT 1,106,900 43,173 * Hanson International Tbk PT 6,480,500 63,232 Holcim Indonesia Tbk PT 208,000 12,182 Indah Kiat Pulp & Paper Corp. Tbk PT 414,200 86,127 * Indika Energy Tbk PT 376,500 23,311 Indo Tambangraya Megah Tbk PT 50,300 75,503 Intiland Development Tbk PT 944,900 28,510 Japfa Comfeed Indonesia Tbk PT 631,100 55,160 KMI Wire & Cable Tbk PT 433,700 15,758 * Krakatau Steel Persero Tbk PT 704,932 31,475 * Lippo Cikarang Tbk PT 85,400 28,143 Lippo Karawaci Tbk PT 2,647,800 142,068 Malindo Feedmill Tbk PT 85,300 6,144 * Matahari Putra Prima Tbk PT 158,900 7,633 * Medco Energi Internasional Tbk PT 247,700 49,455 Media Nusantara Citra Tbk PT 356,600 48,145 Mitra Adiperkasa Tbk PT 54,900 25,956 * MNC Investama Tbk PT 3,256,000 26,634 * MNC Land Tbk PT 98,400 9,141 Modernland Realty Tbk PT 1,269,000 26,476 Multipolar Tbk PT 1,396,100 21,802 * Nirvana Development Tbk PT 652,600 3,626 * Nusantara Infrastructure Tbk PT 1,500,000 15,196 Pabrik Kertas Tjiwi Kimia Tbk PT 184,400 16,331 Pan Brothers Tbk PT 677,300 25,670 * Panin Financial Tbk PT 1,528,100 28,660 Pembangunan Perumahan Persero Tbk PT 370,500 84,300 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT 459,700 48,620 Ramayana Lestari Sentosa Tbk PT 303,000 21,491 Salim Ivomas Pratama Tbk PT 511,500 19,582 Semen Indonesia Persero Tbk PT 210,900 157,414 * Sentul City Tbk PT 3,313,700 22,879 Sri Rejeki Isman Tbk PT 1,787,400 45,312 Surya Semesta Internusa Tbk PT 835,700 42,981 Tambang Batubara Bukit Asam Persero Tbk PT 7,800 7,667 Tempo Scan Pacific Tbk PT 117,300 17,032 * Tiga Pilar Sejahtera Food Tbk 221,200 21,665 Timah Persero Tbk PT 355,200 21,457 Tiphone Mobile Indonesia Tbk PT 247,700 23,333 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDONESIA -- (Continued) Tunas Baru Lampung Tbk PT 239,000 $ 26,644 * Vale Indonesia Tbk PT 320,400 58,125 * Visi Media Asia Tbk PT 950,100 22,381 Wijaya Karya Beton Tbk PT 450,300 20,460 Wijaya Karya Persero Tbk PT 351,000 54,770 * XL Axiata Tbk PT 480,400 121,158 ---------- TOTAL INDONESIA 3,334,304 ---------- IRELAND -- (0.7%) * Bank of Ireland Group P.L.C. 259,138 2,162,709 C&C Group P.L.C. 48,489 175,630 IFG Group P.L.C. 8,899 18,444 Paddy Power Betfair P.L.C. 5,477 548,752 ---------- TOTAL IRELAND 2,905,535 ---------- ISRAEL -- (0.5%) * Africa Israel Investments, Ltd. 22,368 1,709 Africa Israel Residences, Ltd. 561 10,569 Albaad Massuot Yitzhak, Ltd. 1,030 16,750 * Allot Communications, Ltd. 5,253 26,111 Ashtrom Properties, Ltd. 4,071 17,839 * AudioCodes, Ltd. 2,412 16,436 * Azorim-Investment Development & Construction Co., Ltd. 17,209 16,432 * Ceragon Networks, Ltd. 9,193 21,345 * Clal Insurance Enterprises Holdings, Ltd. 4,144 67,096 Delek Group, Ltd. 508 104,032 Delta-Galil Industries, Ltd. 1,823 50,486 El Al Israel Airlines 32,208 30,646 Energix-Renewable Energies, Ltd. 15,730 12,844 * Equital, Ltd. 1,258 29,885 First International Bank Of Israel, Ltd. 7,144 130,391 Formula Systems 1985, Ltd. 1,105 40,533 Fox Wizel, Ltd. 1,371 28,442 * Hadera Paper, Ltd. 663 40,517 Harel Insurance Investments & Financial Services, Ltd. 18,869 112,204 * Israel Discount Bank, Ltd. Class A 100,511 259,106 Israel Land Development Co., Ltd. (The) 1,241 11,585 * Jerusalem Oil Exploration 1,494 79,272 * Kenon Holdings, Ltd. 1,970 27,419 Maabarot Products, Ltd. 671 12,620 Magic Software Enterprises, Ltd. 3,186 25,291 Menora Mivtachim Holdings, Ltd. 3,936 47,712 Migdal Insurance & Financial Holding, Ltd. 70,501 72,319 Mizrahi Tefahot Bank, Ltd. 10,941 197,703 * Naphtha Israel Petroleum Corp., Ltd. 4,316 29,402 Neto ME Holdings, Ltd. 149 14,562 * Nova Measuring Instruments, Ltd. 786 18,501 Oil Refineries, Ltd. 189,838 88,274 Paz Oil Co., Ltd. 815 136,066 * Phoenix Holdings, Ltd. (The) 12,636 53,752 Plasson Industries, Ltd. 413 15,192 Scope Metals Group, Ltd. 1,007 28,170 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ISRAEL -- (Continued) Shikun & Binui, Ltd. 29,406 $ 67,618 Summit Real Estate Holdings, Ltd. 4,845 31,790 * Union Bank of Israel 3,930 20,213 ---------- TOTAL ISRAEL 2,010,834 ---------- ITALY -- (2.6%) A2A SpA 200,108 340,408 ACEA SpA 6,690 100,427 * Aeffe SpA 10,963 23,241 Anima Holding SpA 27,015 219,241 * Arnoldo Mondadori Editore SpA 29,190 60,805 Ascopiave SpA 9,762 40,003 Astaldi SpA 6,192 41,130 #* Banca Carige SpA 107,327 32,218 Banca IFIS SpA 3,245 152,290 Banca Mediolanum SpA 11,354 99,278 Banca Popolare di Sondrio SCPA 61,825 269,783 Banca Profilo SpA 49,549 12,511 Banca Sistema SpA 5,787 15,156 * Banco BPM SpA 257,482 937,804 Banco di Desio e della Brianza SpA 6,054 17,844 BasicNet SpA 2,430 11,361 BPER Banca 99,170 544,794 Buzzi Unicem SpA 11,828 299,561 Cairo Communication SpA 9,257 43,113 Cembre SpA 709 17,595 Cementir Holding SpA 14,519 103,425 CIR-Compagnie Industriali Riunite SpA 64,651 96,214 Credito Emiliano SpA 12,526 108,046 #* Credito Valtellinese SpA 18,005 87,281 * d'Amico International Shipping SA 38,193 11,870 Danieli & C Officine Meccaniche SpA 2,233 57,520 Ei Towers SpA 1,284 78,550 Emak SpA 11,332 21,184 ePrice SpA 188 826 ERG SpA 10,105 144,395 Esprinet SpA 3,232 24,965 * Eurotech SpA 6,133 9,447 Falck Renewables SpA 18,916 28,401 * Fiat Chrysler Automobiles NV 99,560 1,200,530 * Fincantieri SpA 66,541 78,621 FNM SpA 12,567 7,991 * GEDI Gruppo Editoriale SpA 19,921 18,491 Geox SpA 9,779 38,809 Hera SpA 89,652 289,898 * IMMSI SpA 32,899 17,834 Infrastrutture Wireless Italiane SpA 17,938 115,836 * Intek Group SpA 39,765 14,034 Italmobiliare SpA 2,570 73,012 La Doria SpA 1,831 22,226 Leonardo SpA 36,881 642,700 Massimo Zanetti Beverage Group SpA 1,313 12,450 * Mediaset SpA 91,865 359,106 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ITALY -- (Continued) Mediobanca SpA 78,387 $ 817,860 Nice SpA 4,797 20,436 OVS SpA 18,222 137,840 Panariagroup Industrie Ceramiche SpA 2,751 18,266 Parmalat SpA 40,973 148,481 Piaggio & C SpA 19,546 54,262 Poste Italiane SpA 30,434 224,032 Prima Industrie SpA 862 26,864 Reno de Medici SpA 13,513 6,840 * Retelit SpA 17,096 26,246 Sabaf SpA 1,702 30,715 SAES Getters SpA 711 14,932 * Safilo Group SpA 4,661 35,737 * Saipem SpA 77,977 319,953 Salini Impregilo SpA 24,074 84,565 Saras SpA 69,866 160,754 * Snaitech SpA 11,976 23,173 Societa Cattolica di Assicurazioni SCRL 23,366 202,055 Societa Iniziative Autostradali e Servizi SpA 8,884 122,243 * Sogefi SpA 6,369 32,305 SOL SpA 4,317 52,395 Tod's SpA 1,131 78,574 * Trevi Finanziaria Industriale SpA 9,084 7,734 Unione di Banche Italiane SpA 173,600 838,674 Unipol Gruppo Finanziario SpA 63,734 298,382 UnipolSai Assicurazioni SpA 134,339 310,562 Vittoria Assicurazioni SpA 3,992 55,947 #* Yoox Net-A-Porter Group SpA 6,238 206,617 ----------- TOTAL ITALY 11,298,669 ----------- JAPAN -- (17.0%) 77 Bank, Ltd. (The) 62,000 319,649 A&D Co., Ltd. 3,400 14,128 Achilles Corp. 2,200 38,756 ADEKA Corp. 12,100 185,749 Ahresty Corp. 4,400 44,797 Aichi Bank, Ltd. (The) 1,300 72,320 Aichi Corp. 4,300 30,476 Aichi Steel Corp. 1,900 79,518 Aida Engineering, Ltd. 8,600 86,984 Airport Facilities Co., Ltd. 4,000 21,758 Aisan Industry Co., Ltd. 6,500 58,055 Akita Bank, Ltd. (The) 33,000 95,358 Albis Co., Ltd. 500 20,875 Alconix Corp. 2,400 47,462 Alinco, Inc. 2,700 30,184 Alpen Co., Ltd. 3,600 65,798 Alpha Corp. 1,100 24,432 Alpine Electronics, Inc. 6,500 118,509 Alps Logistics Co., Ltd. 2,100 15,150 Anritsu Corp. 15,200 122,465 AOI Electronic Co., Ltd. 400 16,291 AOI TYO Holdings, Inc. 1,100 11,401 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) AOKI Holdings, Inc. 7,700 $ 99,669 Aomori Bank, Ltd. (The) 33,000 115,446 Aoyama Trading Co., Ltd. 9,100 317,200 Arakawa Chemical Industries, Ltd. 3,000 52,708 Arata Corp. 1,400 49,503 Arcland Sakamoto Co., Ltd. 3,800 52,018 Arcs Co., Ltd. 5,600 121,104 Arealink Co., Ltd. 1,200 15,829 Artnature, Inc. 3,900 25,139 Asahi Broadcasting Corp. 2,400 18,061 Asahi Diamond Industrial Co., Ltd. 8,500 64,284 Asahi Holdings, Inc. 1,900 35,705 Asahi Kogyosha Co., Ltd. 800 24,110 Asahi Yukizai Corp. 13,000 30,974 Asanuma Corp. 8,000 24,505 Ashimori Industry Co., Ltd. 9,000 28,688 Asia Pile Holdings Corp. 4,100 27,788 ASKA Pharmaceutical Co., Ltd. 3,500 52,385 Asti Corp. 4,000 21,895 Asunaro Aoki Construction Co., Ltd. 4,500 38,604 Autobacs Seven Co., Ltd. 8,900 148,291 Avex Group Holdings, Inc. 5,700 74,955 Awa Bank, Ltd. (The) 30,000 197,031 Bando Chemical Industries, Ltd. 4,500 46,043 Bank of Iwate, Ltd. (The) 2,900 112,881 Bank of Kochi, Ltd. (The) 10,000 11,419 Bank of Nagoya, Ltd. (The) 2,400 88,287 Bank of Okinawa, Ltd. (The) 3,980 157,141 Bank of Saga, Ltd. (The) 23,000 54,401 Bank of the Ryukyus, Ltd. 7,000 99,916 Bank of Toyama, Ltd. (The) 400 14,912 Belluna Co., Ltd. 9,000 103,494 Bookoff Corp. 2,300 16,858 Bunka Shutter Co., Ltd. 8,500 73,129 C Uyemura & Co., Ltd. 900 51,635 C'BON COSMETICS Co., Ltd. 600 13,519 Canare Electric Co., Ltd. 600 13,523 Canon Electronics, Inc. 3,000 58,413 Carlit Holdings Co., Ltd. 2,300 13,371 Cawachi, Ltd. 3,400 83,916 Central Glass Co., Ltd. 35,000 153,561 Central Security Patrols Co., Ltd. 1,000 18,380 Chiba Kogyo Bank, Ltd. (The) 7,800 40,224 Chilled & Frozen Logistics Holdings Co., Ltd. 1,400 16,659 Chino Corp. 1,700 19,268 Chiyoda Integre Co., Ltd. 1,400 30,068 Chori Co., Ltd. 2,100 38,918 Chubu Shiryo Co., Ltd. 3,100 44,713 Chuetsu Pulp & Paper Co., Ltd. 20,000 41,702 Chugai Ro Co., Ltd. 11,000 21,842 Chugoku Bank, Ltd. (The) 26,900 389,921 Chugoku Marine Paints, Ltd. 10,900 84,693 Chukyo Bank, Ltd. (The) 1,300 27,365 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Chuo Gyorui Co., Ltd. 5,000 $ 13,106 CI Takiron Corp. 9,000 49,019 Citizen Watch Co., Ltd. 37,500 278,819 CKD Corp. 3,800 63,667 Cleanup Corp. 4,700 37,841 CMIC Holdings Co., Ltd. 1,800 25,001 CMK Corp. 9,600 85,822 Computer Engineering & Consulting, Ltd. 2,200 42,671 Cosmo Energy Holdings Co., Ltd. 10,200 176,739 Create Medic Co., Ltd. 1,500 13,430 Credit Saison Co., Ltd. 24,500 471,906 CTI Engineering Co., Ltd. 2,500 24,986 Dai Nippon Toryo Co., Ltd. 19,000 52,866 Dai-Dan Co., Ltd. 5,000 68,442 Dai-ichi Seiko Co., Ltd. 1,900 42,407 Daibiru Corp. 8,200 92,404 Daido Kogyo Co., Ltd. 5,000 15,269 Daido Metal Co., Ltd. 4,800 43,023 Daido Steel Co., Ltd. 47,000 286,027 Daihatsu Diesel Manufacturing Co., Ltd. 2,000 12,952 Daihen Corp. 13,000 115,893 Daiho Corp. 13,000 62,825 Daiichi Jitsugyo Co., Ltd. 7,000 40,617 Daiichi Kigenso Kagaku-Kogyo Co., Ltd. 2,500 30,164 Daiken Corp. 2,000 49,000 Daiki Aluminium Industry Co., Ltd. 6,000 36,863 Daikoku Denki Co., Ltd. 1,000 15,544 Daikyo, Inc. 44,000 92,162 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 10,000 83,588 Daio Paper Corp. 10,500 136,344 Daisan Bank, Ltd. (The) 1,900 29,544 Daishi Bank, Ltd. (The) 48,000 219,978 Daisue Construction Co., Ltd. 1,300 12,256 Daito Bank, Ltd. (The) 27,000 41,105 Daito Pharmaceutical Co., Ltd. 1,800 48,027 Daitron Co., Ltd. 1,400 19,892 Daiwabo Holdings Co., Ltd. 28,000 110,191 DCM Holdings Co., Ltd. 17,100 148,913 Denka Co., Ltd. 57,000 316,557 Denyo Co., Ltd. 2,900 50,990 Dexerials Corp. 6,400 77,345 DIC Corp. 10,200 384,728 DKS Co., Ltd. 10,000 48,311 Doshisha Co., Ltd. 2,900 58,422 Doutor Nichires Holdings Co., Ltd. 4,100 90,614 Dowa Holdings Co., Ltd. 35,000 282,567 DSB Co., Ltd. 1,700 9,910 Dunlop Sports Co., Ltd. 1,600 16,322 Eagle Industry Co., Ltd. 2,800 48,732 Ebara Corp. 10,000 292,540 Ebara Jitsugyo Co., Ltd. 1,000 14,187 Eco's Co., Ltd. 1,400 14,159 EDION Corp. 19,600 180,586 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Ehime Bank, Ltd. (The) 6,000 $ 75,820 Eidai Co., Ltd. 3,000 14,169 Eighteenth Bank, Ltd. (The) 30,000 79,849 Elematec Corp. 1,100 19,955 Endo Lighting Corp. 1,100 12,444 Enplas Corp. 1,400 57,615 ESPEC Corp. 3,600 61,498 Excel Co., Ltd. 1,800 23,438 Exedy Corp. 5,000 156,485 F-Tech, Inc. 1,700 23,522 Falco Holdings Co., Ltd. 1,200 16,794 FCC Co., Ltd. 5,000 109,339 Ferrotec Holdings Corp. 6,300 93,486 FIDEA Holdings Co., Ltd. 38,700 63,451 First Juken Co., Ltd. 1,000 14,359 FJ Next Co., Ltd. 2,400 19,325 Foster Electric Co., Ltd. 4,000 78,541 France Bed Holdings Co., Ltd. 3,000 27,319 Fudo Tetra Corp. 15,400 25,423 Fuji Co., Ltd. 2,500 62,239 Fuji Corp., Ltd. 2,700 18,312 Fuji Kiko Co., Ltd. 3,200 21,322 Fuji Oil Co., Ltd. 8,400 25,601 Fuji Oil Holdings, Inc. 1,400 33,078 Fuji Pharma Co., Ltd. 900 30,774 Fuji Soft, Inc. 3,500 100,444 Fujibo Holdings, Inc. 1,500 45,511 Fujikura Kasei Co., Ltd. 2,800 16,462 Fujikura Rubber, Ltd. 3,100 19,646 Fujikura, Ltd. 68,000 572,509 Fujimi, Inc. 1,900 42,878 Fujimori Kogyo Co., Ltd. 2,200 65,543 Fujisash Co., Ltd. 12,900 13,305 Fujitec Co., Ltd. 6,100 84,150 Fujitsu Frontech, Ltd. 2,800 53,328 FuKoKu Co., Ltd. 1,800 17,068 Fukuda Corp. 1,100 50,455 Fukuda Denshi Co., Ltd. 800 59,470 Fukui Bank, Ltd. (The) 43,000 104,791 Fukuoka Financial Group, Inc. 126,000 580,902 Fukushima Bank, Ltd. (The) 26,000 20,498 Fukuyama Transporting Co., Ltd. 24,000 153,288 Furukawa Battery Co., Ltd. (The) 3,000 25,069 Furukawa Co., Ltd. 52,000 96,473 Furukawa Electric Co., Ltd. 4,500 203,080 Furuno Electric Co., Ltd. 6,500 38,929 Furusato Industries, Ltd. 1,000 15,918 Fuso Pharmaceutical Industries, Ltd. 700 17,620 Futaba Industrial Co., Ltd. 5,400 55,950 Fuyo General Lease Co., Ltd. 3,100 181,742 G-Tekt Corp. 3,200 61,930 Gakken Holdings Co., Ltd. 600 17,843 Gecoss Corp. 2,300 26,052 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Geo Holdings Corp. 5,700 $ 62,320 Gfoot Co., Ltd. 2,100 15,509 GLOBERIDE, Inc. 1,200 20,772 Godo Steel, Ltd. 3,100 59,065 Goldcrest Co., Ltd. 2,900 64,599 Grandy House Corp. 4,100 16,168 GS Yuasa Corp. 54,000 254,867 GSI Creos Corp. 9,000 11,995 Gunma Bank, Ltd. (The) 59,500 348,608 Gunze, Ltd. 40,000 154,355 H-One Co., Ltd. 2,800 32,109 H2O Retailing Corp. 16,500 269,991 Hachijuni Bank, Ltd. (The) 64,700 410,771 Hagihara Industries, Inc. 1,200 34,429 Hagiwara Electric Co., Ltd. 600 12,822 Hakudo Co., Ltd. 1,000 16,467 Hakuto Co., Ltd. 3,000 40,455 Hamakyorex Co., Ltd. 2,700 71,389 Haneda Zenith Holdings Co., Ltd. 3,900 12,149 Hanwa Co., Ltd. 26,000 185,943 Happinet Corp. 2,800 50,515 Hard Off Corp. Co., Ltd. 1,300 13,479 Harima Chemicals Group, Inc. 2,900 28,182 Haruyama Holdings, Inc. 2,000 18,468 Hazama Ando Corp. 24,300 167,683 Heiwa Corp. 7,700 169,395 Heiwa Real Estate Co., Ltd. 5,600 87,827 Heiwado Co., Ltd. 4,100 93,169 Helios Techno Holdings Co., Ltd. 2,500 17,860 HI-LEX Corp. 3,000 78,411 Hibiya Engineering, Ltd. 2,900 53,028 Hirakawa Hewtech Corp. 2,000 27,379 Hiroshima Bank, Ltd. (The) 84,000 359,079 Hiroshima Electric Railway Co., Ltd. 4,000 18,860 Hitachi Capital Corp. 8,100 192,696 Hitachi Maxell, Ltd. 4,900 108,424 Hitachi Transport System, Ltd. 5,400 124,295 Hitachi Zosen Corp. 26,500 139,495 Hodogaya Chemical Co., Ltd. 1,000 42,914 Hogy Medical Co., Ltd. 1,800 131,374 Hokkaido Coca-Cola Bottling Co., Ltd. 3,000 19,209 Hokkan Holdings, Ltd. 8,000 30,752 Hokko Chemical Industry Co., Ltd. 4,000 21,810 Hokkoku Bank, Ltd. (The) 40,000 161,656 Hokuetsu Bank, Ltd. (The) 3,600 85,461 Hokuetsu Industries Co., Ltd. 2,200 19,139 Hokuetsu Kishu Paper Co., Ltd. 30,100 211,210 Hokuhoku Financial Group, Inc. 20,300 330,006 Hokuriku Electric Industry Co., Ltd. 12,000 17,733 Hokuriku Electrical Construction Co., Ltd. 1,700 14,620 Hokuto Corp. 3,300 58,881 Honeys Holdings Co., Ltd. 2,400 27,109 Hoosiers Holdings 3,600 36,098 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Hosokawa Micron Corp. 1,000 $ 48,584 Howa Machinery, Ltd. 2,600 19,203 Hyakugo Bank, Ltd. (The) 44,000 177,414 Hyakujushi Bank, Ltd. (The) 43,000 139,486 I-O Data Device, Inc. 1,200 13,307 Ibiden Co., Ltd. 19,600 340,149 IBJ Leasing Co., Ltd. 5,200 123,709 Ichiken Co., Ltd. 6,000 22,253 Ichinen Holdings Co., Ltd. 2,900 34,018 Ichiyoshi Securities Co., Ltd. 6,000 53,797 Idemitsu Kosan Co., Ltd. 12,000 291,258 Iino Kaiun Kaisha, Ltd. 13,500 62,074 IJT Technology Holdings Co., Ltd. 4,600 26,010 Ikegami Tsushinki Co., Ltd. 14,000 20,295 Imagica Robot Holdings, Inc. 1,800 11,417 Imasen Electric Industrial 2,100 23,512 Inaba Denki Sangyo Co., Ltd. 3,300 129,979 Inabata & Co., Ltd. 10,100 141,972 Ines Corp. 8,400 79,799 Innotech Corp. 3,800 25,885 Internet Initiative Japan, Inc. 4,200 75,931 Iseki & Co., Ltd. 2,900 60,318 Isetan Mitsukoshi Holdings, Ltd. 53,800 524,288 * Ishihara Sangyo Kaisha, Ltd. 6,200 67,920 Itochu Enex Co., Ltd. 7,000 62,990 Itochu-Shokuhin Co., Ltd. 1,000 41,532 Itoki Corp. 7,300 59,299 IwaiCosmo Holdings, Inc. 3,600 42,219 Iwaki & Co., Ltd. 6,000 22,293 Iwasaki Electric Co., Ltd. 13,000 25,135 Iwatani Corp. 25,000 162,069 Iyo Bank, Ltd. (The) 37,000 302,107 J Trust Co., Ltd. 10,900 86,889 J-Oil Mills, Inc. 1,800 62,822 Jaccs Co., Ltd. 21,000 98,453 Janome Sewing Machine Co., Ltd. 3,300 26,890 Japan Asia Group, Ltd. 2,900 11,285 Japan Aviation Electronics Industry, Ltd. 8,000 126,393 Japan Cash Machine Co., Ltd. 3,500 37,771 #* Japan Display, Inc. 71,500 127,964 Japan Oil Transportation Co., Ltd. 700 17,458 Japan Pulp & Paper Co., Ltd. 17,000 65,043 Japan Radio Co., Ltd. 1,800 23,243 Japan Securities Finance Co., Ltd. 17,400 87,351 Japan Steel Works, Ltd. (The) 10,300 170,107 Japan Transcity Corp. 7,000 27,073 Japan Wool Textile Co., Ltd. (The) 10,100 86,529 JBCC Holdings, Inc. 1,700 14,316 Jimoto Holdings, Inc. 20,100 35,889 JK Holdings Co., Ltd. 2,700 17,133 JMS Co., Ltd. 6,000 17,901 Joban Kosan Co., Ltd. 900 14,782 Joshin Denki Co., Ltd. 6,000 84,418 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) JSP Corp. 2,000 $ 63,197 Juki Corp. 500 7,564 Juroku Bank, Ltd. (The) 52,000 164,853 JVC Kenwood Corp. 24,900 72,501 K's Holdings Corp. 8,100 162,614 * Kadokawa Dwango 9,100 120,214 Kaga Electronics Co., Ltd. 2,700 59,556 Kamei Corp. 5,900 84,324 Kamigumi Co., Ltd. 37,000 396,532 Kanaden Corp. 2,600 27,675 Kanagawa Chuo Kotsu Co., Ltd. 4,000 26,415 Kanamoto Co., Ltd. 1,300 46,604 Kandenko Co., Ltd. 15,000 160,532 Kaneka Corp. 36,000 288,474 Kaneko Seeds Co., Ltd. 900 11,767 Kanematsu Corp. 61,000 133,305 Kanemi Co., Ltd. 400 12,333 Kansai Urban Banking Corp. 4,200 53,847 Kasai Kogyo Co., Ltd. 3,300 42,957 Katakura & Co-op Agri Corp. 11,000 26,331 Kato Sangyo Co., Ltd. 3,200 86,193 Kato Works Co., Ltd. 2,400 77,205 KAWADA TECHNOLOGIES, Inc. 600 41,199 Kawagishi Bridge Works Co., Ltd. 2,000 16,770 Kawai Musical Instruments Manufacturing Co., Ltd. 900 18,752 Keihanshin Building Co., Ltd. 7,000 44,303 Keihin Corp. 7,600 109,356 Keiyo Bank, Ltd. (The) 36,000 152,311 Keiyo Co., Ltd. 3,500 24,313 Kenedix, Inc. 29,100 148,984 Kinden Corp. 3,800 59,149 Kintetsu World Express, Inc. 6,100 106,823 Kirindo Holdings Co., Ltd. 600 6,149 Kita-Nippon Bank, Ltd. (The) 1,400 40,149 Kitagawa Iron Works Co., Ltd. 1,200 25,650 Kitano Construction Corp. 6,000 20,778 Kitz Corp. 12,500 111,855 Kiyo Bank, Ltd. (The) 9,700 162,224 * KNT-CT Holdings Co., Ltd. 18,000 30,125 Koa Corp. 4,000 70,563 Koatsu Gas Kogyo Co., Ltd. 3,700 27,492 * Kobe Steel, Ltd. 49,700 621,648 Kohnan Shoji Co., Ltd. 7,000 127,656 Kohsoku Corp. 1,500 14,898 * Kojima Co., Ltd. 5,800 19,302 Kokuyo Co., Ltd. 16,800 267,524 KOMAIHALTEC, Inc. 600 12,358 Komatsu Wall Industry Co., Ltd. 1,200 22,611 Komehyo Co., Ltd. 1,100 12,993 Komeri Co., Ltd. 4,500 131,659 Konaka Co., Ltd. 4,200 22,658 Kondotec, Inc. 1,800 16,382 Konica Minolta, Inc. 35,700 295,710 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Konishi Co., Ltd. 4,000 $ 61,107 Konoike Transport Co., Ltd. 3,800 51,753 * Kosaido Co., Ltd. 6,500 21,805 Kosei Securities Co., Ltd. (The) 9,000 13,048 Krosaki Harima Corp. 9,000 39,415 KRS Corp. 1,200 32,540 KU Holdings Co., Ltd. 2,600 23,618 Kurabo Industries, Ltd. 46,000 119,384 Kureha Corp. 2,000 100,575 Kurimoto, Ltd. 1,600 29,976 Kuriyama Holdings Corp. 1,000 19,563 Kuroda Electric Co., Ltd. 5,100 97,510 KYB Corp. 31,000 174,966 Kyodo Printing Co., Ltd. 16,000 55,995 Kyoei Steel, Ltd. 4,600 70,990 Kyokuto Boeki Kaisha, Ltd. 4,000 10,299 Kyokuto Kaihatsu Kogyo Co., Ltd. 6,800 113,842 Kyokuto Securities Co., Ltd. 3,500 49,236 Kyokuyo Co., Ltd. 1,500 42,226 KYORIN Holdings, Inc. 6,500 138,753 Kyoritsu Printing Co., Ltd. 3,700 11,744 Kyosan Electric Manufacturing Co., Ltd. 5,000 27,852 Kyowa Electronics Instruments Co., Ltd. 3,400 14,239 Kyowa Exeo Corp. 11,100 189,515 Kyowa Leather Cloth Co., Ltd. 2,700 23,291 Kyushu Financial Group, Inc. 22,200 139,299 * Laox Co., Ltd. 7,000 34,012 LEC, Inc. 1,000 24,480 Leopalace21 Corp. 37,800 269,555 Lintec Corp. 7,200 174,791 Lonseal Corp. 700 16,726 Look, Inc. 9,000 22,602 Macnica Fuji Electronics Holdings, Inc. 5,800 92,468 Maeda Corp. 28,000 338,543 Maeda Road Construction Co., Ltd. 9,000 185,820 Makino Milling Machine Co., Ltd. 16,000 135,124 Marubun Corp. 3,500 26,769 Marudai Food Co., Ltd. 24,000 113,831 Maruka Machinery Co., Ltd. 1,000 16,780 Maruwa Co., Ltd. 1,200 58,255 * Maruzen CHI Holdings Co., Ltd. 3,000 9,582 Maruzen Co., Ltd. 2,000 32,846 Maruzen Showa Unyu Co., Ltd. 11,000 47,877 Matsuda Sangyo Co., Ltd. 1,800 24,430 Matsui Construction Co., Ltd. 3,500 29,944 Max Co., Ltd. 4,000 54,721 Maxvalu Nishinihon Co., Ltd. 800 12,091 Maxvalu Tokai Co., Ltd. 700 13,304 Mebuki Financial Group, Inc. 110,280 424,525 Medical System Network Co., Ltd. 4,000 17,472 Meidensha Corp. 30,000 106,589 Meiji Electric Industries Co., Ltd. 1,100 14,932 Meiji Shipping Co., Ltd. 2,800 10,285 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Meiko Electronics Co., Ltd. 1,900 $ 28,495 Meisei Industrial Co., Ltd. 5,100 33,054 Meiwa Corp. 3,000 11,904 Meiwa Estate Co., Ltd. 2,900 21,533 Michinoku Bank, Ltd. (The) 24,000 40,657 Mie Bank, Ltd. (The) 1,500 33,582 Mie Kotsu Group Holdings, Inc. 6,400 24,078 Mikuni Corp. 6,100 27,271 Mimaki Engineering Co., Ltd. 3,100 24,665 Mimasu Semiconductor Industry Co., Ltd. 3,400 54,576 Minato Bank, Ltd. (The) 2,700 49,433 Minebea Mitsumi, Inc. 2,187 36,031 Ministop Co., Ltd. 2,500 55,003 Mirait Holdings Corp. 8,500 99,659 Misawa Homes Co., Ltd. 4,900 44,970 Mitani Corp. 1,800 70,999 Mitani Sangyo Co., Ltd. 3,600 13,645 Mitani Sekisan Co., Ltd. 400 9,413 Mito Securities Co., Ltd. 12,400 34,473 Mitsuba Corp. 5,200 90,669 Mitsubishi Kakoki Kaisha, Ltd. 7,000 15,424 Mitsubishi Logistics Corp. 19,000 243,917 Mitsubishi Materials Corp. 17,900 601,334 Mitsubishi Nichiyu Forklift Co., Ltd. 3,600 28,966 * Mitsubishi Paper Mills, Ltd. 4,600 32,433 Mitsubishi Research Institute, Inc. 600 17,256 Mitsubishi Shokuhin Co., Ltd. 2,100 60,757 Mitsubishi Steel Manufacturing Co., Ltd. 26,000 66,887 Mitsuboshi Belting, Ltd. 7,000 80,081 Mitsui Engineering & Shipbuilding Co., Ltd. 130,000 181,226 Mitsui High-Tec, Inc. 5,300 82,716 Mitsui Home Co., Ltd. 3,000 20,456 Mitsui Matsushima Co., Ltd. 1,600 21,559 Mitsui Mining & Smelting Co., Ltd. 79,000 345,105 Mitsui OSK Lines, Ltd. 178,000 553,984 Mitsui Sugar Co., Ltd. 2,200 66,797 Mitsui-Soko Holdings Co., Ltd. 22,000 60,035 Miyaji Engineering Group, Inc. 7,000 17,054 Miyazaki Bank, Ltd. (The) 28,000 93,605 Miyoshi Oil & Fat Co., Ltd. 600 7,679 Mizuno Corp. 16,000 93,019 Modec, Inc. 2,900 69,133 Monex Group, Inc. 36,900 104,295 MORESCO Corp. 1,200 22,659 Morinaga Milk Industry Co., Ltd. 27,000 197,243 Morito Co., Ltd. 1,500 12,745 Mory Industries, Inc. 1,000 21,381 Mr Max Corp. 4,600 21,807 Mugen Estate Co., Ltd. 2,300 20,644 Musashi Seimitsu Industry Co., Ltd. 3,300 91,884 Musashino Bank, Ltd. (The) 4,500 134,452 Mutoh Holdings Co., Ltd. 7,000 16,128 NAC Co., Ltd. 1,300 11,720 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Nachi-Fujikoshi Corp. 19,000 $105,021 Nafco Co., Ltd. 800 12,685 Nagano Bank, Ltd. (The) 1,000 17,846 Nagano Keiki Co., Ltd. 2,400 17,188 Nagase & Co., Ltd. 18,900 296,688 Nakabayashi Co., Ltd. 8,000 23,579 Nakano Corp. 3,000 16,464 Nakayama Steel Works, Ltd. 4,600 27,878 Nakayamafuku Co., Ltd. 1,500 10,707 Nanto Bank, Ltd. (The) 3,700 108,849 NDS Co., Ltd. 700 20,223 NEC Capital Solutions, Ltd. 1,500 25,842 NEC Networks & System Integration Corp. 3,200 69,916 NET One Systems Co., Ltd. 9,200 88,176 NHK Spring Co., Ltd. 27,800 300,256 Nicca Chemical Co., Ltd. 1,600 17,073 Nice Holdings, Inc. 12,000 17,188 Nichi-iko Pharmaceutical Co., Ltd. 6,000 91,917 Nichiban Co., Ltd. 5,000 44,596 Nichireki Co., Ltd. 5,000 60,495 Nichirin Co., Ltd. 1,500 33,493 Nihon Dempa Kogyo Co., Ltd. 3,100 25,926 Nihon Eslead Corp. 1,600 30,180 Nihon Flush Co., Ltd. 1,700 22,866 Nihon House Holdings Co., Ltd. 7,500 35,762 Nihon Nohyaku Co., Ltd. 6,700 38,931 Nihon Plast Co., Ltd. 2,100 24,956 Nihon Tokushu Toryo Co., Ltd. 1,900 31,907 Nihon Yamamura Glass Co., Ltd. 14,000 23,986 Nikkiso Co., Ltd. 9,200 94,944 Nikkon Holdings Co., Ltd. 9,600 226,946 Nippi, Inc. 2,000 14,434 Nippo Corp. 9,000 183,098 Nippon Carbide Industries Co., Inc. 12,000 20,234 Nippon Chemi-Con Corp. 30,000 121,194 Nippon Chemical Industrial Co., Ltd. 18,000 38,594 Nippon Coke & Engineering Co., Ltd. 20,500 19,336 Nippon Concrete Industries Co., Ltd. 8,200 31,811 Nippon Denko Co., Ltd. 20,700 97,172 Nippon Densetsu Kogyo Co., Ltd. 5,000 99,379 Nippon Electric Glass Co., Ltd. 13,800 488,512 Nippon Filcon Co., Ltd. 3,100 16,778 Nippon Fine Chemical Co., Ltd. 1,700 15,495 Nippon Flour Mills Co., Ltd. 8,600 138,575 Nippon Hume Corp. 4,500 28,109 Nippon Kayaku Co., Ltd. 10,000 139,957 Nippon Kinzoku Co., Ltd. 900 18,050 Nippon Kodoshi Corp. 1,300 17,617 Nippon Koei Co., Ltd. 2,400 66,403 Nippon Light Metal Holdings Co., Ltd. 91,400 245,912 Nippon Paper Industries Co., Ltd. 17,400 346,901 Nippon Piston Ring Co., Ltd. 1,500 29,486 Nippon Road Co., Ltd. (The) 16,000 89,368 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Nippon Seisen Co., Ltd. 3,000 $ 22,293 * Nippon Sheet Glass Co., Ltd. 16,200 137,083 Nippon Signal Co., Ltd. 9,100 92,397 Nippon Soda Co., Ltd. 20,000 112,222 Nippon Steel & Sumikin Bussan Corp. 2,600 134,021 Nippon Thompson Co., Ltd. 8,000 45,704 Nippon Valqua Industries, Ltd. 2,100 55,490 Nippon View Hotel Co., Ltd. 600 7,584 Nippon Yakin Kogyo Co., Ltd. 34,500 69,384 * Nippon Yusen K.K. 260,000 496,338 Nipro Corp. 5,400 73,250 Nishi-Nippon Financial Holdings, Inc. 16,000 180,017 Nishimatsu Construction Co., Ltd. 37,000 212,932 Nishio Rent All Co., Ltd. 2,200 73,234 Nissan Shatai Co., Ltd. 11,000 113,889 Nissan Tokyo Sales Holdings Co., Ltd. 4,700 17,837 Nissei Plastic Industrial Co., Ltd. 1,800 18,823 Nisshin Fudosan Co. 7,500 41,804 Nisshin Oillio Group, Ltd. (The) 22,000 130,240 Nisshin Steel Co., Ltd. 10,400 127,425 Nisshinbo Holdings, Inc. 20,500 207,595 Nissin Corp. 12,000 58,035 Nissin Kogyo Co., Ltd. 7,000 117,234 Nitta Corp. 3,000 96,351 Nitta Gelatin, Inc. 1,700 11,690 Nittan Valve Co., Ltd. 3,600 13,301 Nittetsu Mining Co., Ltd. 1,500 84,190 Nitto Boseki Co., Ltd. 15,000 87,391 Nitto Kogyo Corp. 5,200 84,225 Nitto Kohki Co., Ltd. 1,300 30,892 Nitto Seiko Co., Ltd. 2,900 14,267 Nittoc Construction Co., Ltd. 4,000 21,159 Nittoku Engineering Co., Ltd. 1,200 37,064 Noda Corp. 1,700 15,807 NOF Corp. 7,000 95,107 Nohmi Bosai, Ltd. 3,300 50,747 Nojima Corp. 4,000 64,742 NOK Corp. 13,000 297,571 Nomura Real Estate Holdings, Inc. 19,300 382,548 Noritake Co., Ltd. 2,000 76,667 Noritsu Koki Co., Ltd. 2,200 20,254 Noritz Corp. 3,700 72,569 North Pacific Bank, Ltd. 53,400 179,007 Nozawa Corp. 1,400 18,029 NS United Kaiun Kaisha, Ltd. 22,000 45,982 NTN Corp. 57,000 265,280 Nuflare Technology, Inc. 600 32,105 Odelic Co., Ltd. 600 27,554 Oenon Holdings, Inc. 6,000 14,909 Ogaki Kyoritsu Bank, Ltd. (The) 60,000 173,343 Ohashi Technica, Inc. 1,400 17,971 Oiles Corp. 3,800 67,958 Oita Bank, Ltd. (The) 30,000 113,046 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Okabe Co., Ltd. 5,300 $ 51,882 Okamoto Machine Tool Works, Ltd. 9,000 23,271 Okamura Corp. 9,300 94,545 Okasan Securities Group, Inc. 25,000 151,406 Okaya Electric Industries Co., Ltd. 3,900 14,276 Oki Electric Industry Co., Ltd. 4,100 56,138 OKK Corp. 13,000 16,726 OKUMA Corp. 17,000 163,422 Okumura Corp. 22,000 160,095 Okura Industrial Co., Ltd. 9,000 58,183 Okuwa Co., Ltd. 4,000 42,590 Olympic Group Corp. 2,600 13,863 ONO Sokki Co., Ltd. 3,300 22,463 Onoken Co., Ltd. 2,900 48,228 Onward Holdings Co., Ltd. 20,000 145,094 OPT Holdings, Inc. 2,100 26,491 Organo Corp. 4,000 21,322 Osaka Organic Chemical Industry, Ltd. 1,900 22,566 Osaka Soda Co., Ltd. 9,000 45,299 Osaki Electric Co., Ltd. 6,000 45,871 Pacific Industrial Co., Ltd. 9,000 116,998 * Pacific Metals Co., Ltd. 27,000 72,431 Pack Corp. (The) 1,800 58,229 PALTAC Corp. 4,000 145,130 PanaHome Corp. 8,000 86,882 Parco Co., Ltd. 3,400 41,905 PC Depot Corp. 3,800 21,873 Pegasus Sewing Machine Manufacturing Co., Ltd. 2,700 18,188 Piolax, Inc. 6,000 165,750 * Pioneer Corp. 52,400 103,470 Pocket Card Co., Ltd. 2,100 13,795 Press Kogyo Co., Ltd. 13,600 63,968 Pressance Corp. 2,000 27,605 Prospect Co., Ltd. 44,000 28,307 Proto Corp. 1,900 29,700 PS Mitsubishi Construction Co., Ltd. 2,700 12,385 Punch Industry Co., Ltd. 1,300 15,607 Raito Kogyo Co., Ltd. 5,800 62,653 Rasa Industries, Ltd. 17,000 24,002 Raysum Co., Ltd. 2,300 20,554 Renesas Easton Co., Ltd. 2,600 13,919 Rengo Co., Ltd. 30,000 170,302 * Renown, Inc. 18,100 33,774 Rheon Automatic Machinery Co., Ltd. 500 5,409 Ricoh Leasing Co., Ltd. 2,500 87,351 Right On Co., Ltd. 2,500 22,680 Riken Corp. 1,400 65,524 Riken Keiki Co., Ltd. 2,400 45,372 Riken Technos Corp. 7,500 41,879 Rion Co., Ltd. 900 15,924 Riso Kagaku Corp. 2,500 52,276 * RVH, Inc. 2,300 14,915 Ryobi, Ltd. 22,000 104,041 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Ryoden Corp. 7,000 $ 50,932 S&B Foods, Inc. 300 18,799 Sakai Chemical Industry Co., Ltd. 20,000 81,050 Sakai Heavy Industries, Ltd. 7,000 21,637 Sakai Moving Service Co., Ltd. 900 43,436 Sakai Ovex Co., Ltd. 700 11,513 Sakata INX Corp. 6,200 112,114 Sala Corp. 7,400 61,655 SAMTY Co., Ltd. 2,800 41,087 San Holdings, Inc. 1,100 22,852 San-Ai Oil Co., Ltd. 10,000 101,602 San-In Godo Bank, Ltd. (The) 33,000 268,036 * Sanden Holdings Corp. 19,000 54,193 Sanei Architecture Planning Co., Ltd. 1,000 17,832 Sangetsu Corp. 7,800 140,533 Sanken Electric Co., Ltd. 20,000 101,390 Sanki Engineering Co., Ltd. 6,900 78,011 Sanko Metal Industrial Co., Ltd. 300 9,039 Sankyo Tateyama, Inc. 4,100 57,922 Sanoh Industrial Co., Ltd. 5,900 42,537 Sanoyas Holdings Corp. 6,300 14,677 Sansei Technologies, Inc. 1,500 12,762 Sansha Electric Manufacturing Co., Ltd. 300 1,543 Sanshin Electronics Co., Ltd. 3,900 49,049 Sanyo Chemical Industries, Ltd. 1,600 75,983 Sanyo Denki Co., Ltd. 6,000 66,834 Sanyo Housing Nagoya Co., Ltd. 700 7,153 Sanyo Special Steel Co., Ltd. 19,000 115,282 Sanyo Trading Co., Ltd. 1,600 36,455 Sato Shoji Corp. 2,000 18,027 Satori Electric Co., Ltd. 2,500 20,620 Sawada Holdings Co., Ltd. 4,400 39,951 Saxa Holdings, Inc. 13,000 26,509 SBI Holdings, Inc. 33,900 484,992 SBS Holdings, Inc. 1,900 14,500 Scroll Corp. 3,300 11,528 Seibu Electric Industry Co., Ltd. 800 17,350 Seika Corp. 11,000 47,553 Seikitokyu Kogyo Co., Ltd. 5,900 31,992 Seiko Holdings Corp. 22,000 98,207 Seino Holdings Co., Ltd. 24,400 328,543 Seiren Co., Ltd. 5,400 91,267 Sekisui Plastics Co., Ltd. 5,500 47,014 Senko Group Holdings Co., Ltd. 17,400 118,452 Senshu Electric Co., Ltd. 800 16,101 Senshu Ikeda Holdings, Inc. 43,700 181,020 Senshukai Co., Ltd. 5,200 32,046 Shibaura Electronics Co., Ltd. 800 26,962 Shibaura Mechatronics Corp. 5,000 15,423 Shibusawa Warehouse Co., Ltd. (The) 8,000 26,340 Shibuya Corp. 200 6,090 Shiga Bank, Ltd. (The) 35,000 185,488 Shikibo, Ltd. 25,000 34,011 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Shikoku Bank, Ltd. (The) 26,000 $ 69,718 Shikoku Chemicals Corp. 6,000 76,800 Shima Seiki Manufacturing, Ltd. 2,300 111,857 Shimachu Co., Ltd. 8,600 215,204 Shimane Bank, Ltd. (The) 1,800 21,584 Shimizu Bank, Ltd. (The) 1,500 47,616 Shimojima Co., Ltd. 1,400 14,104 Shin Nippon Air Technologies Co., Ltd. 2,500 36,038 Shinagawa Refractories Co., Ltd. 10,000 27,283 Shindengen Electric Manufacturing Co., Ltd. 10,000 51,861 Shinko Electric Industries Co., Ltd. 13,200 96,043 Shinko Plantech Co., Ltd. 5,700 48,705 Shinmaywa Industries, Ltd. 20,000 174,871 Shinnihon Corp. 5,400 43,985 Shinsei Bank, Ltd. 236,000 388,987 Shinsho Corp. 600 15,879 Shinwa Co., Ltd. 900 17,919 Shizuki Electric Co., Inc. 3,000 20,104 Shizuoka Gas Co., Ltd. 10,300 77,906 Shofu, Inc. 900 10,789 Showa Aircraft Industry Co., Ltd. 1,200 12,934 * Showa Corp. 7,400 71,485 Showa Denko K.K. 20,800 541,411 Showa Sangyo Co., Ltd. 17,000 92,379 Sinanen Holdings Co., Ltd. 1,400 28,406 Sinfonia Technology Co., Ltd. 20,000 83,933 Sinko Industries, Ltd. 2,100 32,083 SK-Electronics Co., Ltd. 1,500 18,508 SKY Perfect JSAT Holdings, Inc. 25,600 114,919 SMK Corp. 9,000 38,006 Soda Nikka Co., Ltd. 3,400 16,861 Sodick Co., Ltd. 5,900 71,856 Sojitz Corp. 200,900 506,081 Soken Chemical & Engineering Co., Ltd. 1,600 22,464 Space Co., Ltd. 1,200 16,087 SPK Corp. 600 15,901 Starzen Co., Ltd. 1,000 44,801 Stella Chemifa Corp. 1,300 36,543 Subaru Enterprise Co., Ltd. 400 22,640 Sugimoto & Co., Ltd. 2,200 32,436 Suminoe Textile Co., Ltd. 12,000 33,717 Sumitomo Bakelite Co., Ltd. 26,000 188,881 Sumitomo Densetsu Co., Ltd. 2,600 41,410 Sumitomo Forestry Co., Ltd. 16,600 254,105 Sumitomo Heavy Industries, Ltd. 70,000 510,329 Sumitomo Osaka Cement Co., Ltd. 54,000 252,764 Sumitomo Precision Products Co., Ltd. 6,000 19,508 Sumitomo Riko Co., Ltd. 5,400 56,484 Sumitomo Rubber Industries, Ltd. 17,100 296,517 Sumitomo Seika Chemicals Co., Ltd. 1,400 70,388 Sun Frontier Fudousan Co., Ltd. 3,100 33,084 Sun-Wa Technos Corp. 1,500 25,525 Suncall Corp. 3,400 19,815 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Suzuken Co., Ltd. 12,500 $417,462 * SWCC Showa Holdings Co., Ltd. 54,000 44,532 T Hasegawa Co., Ltd. 2,800 58,984 T RAD Co., Ltd. 13,000 41,077 T&K Toka Co., Ltd. 3,500 38,394 Tachi-S Co., Ltd. 4,100 74,798 Tachibana Eletech Co., Ltd. 2,600 37,602 Tachikawa Corp. 1,500 17,472 Tadano, Ltd. 15,000 185,783 Taihei Dengyo Kaisha, Ltd. 6,000 86,714 Taiheiyo Cement Corp. 147,538 553,602 Taiheiyo Kouhatsu, Inc. 15,000 14,413 Taiho Kogyo Co., Ltd. 3,800 53,569 Taikisha, Ltd. 3,500 94,138 Taiko Bank, Ltd. (The) 7,000 14,902 Taisei Lamick Co., Ltd. 500 13,197 Taiyo Yuden Co., Ltd. 15,600 261,956 Takaoka Toko Co., Ltd. 2,600 43,526 Takara Standard Co., Ltd. 6,100 102,423 Takasago International Corp. 1,900 74,630 Takasago Thermal Engineering Co., Ltd. 5,600 93,467 Takashimaya Co., Ltd. 50,000 457,392 Take And Give Needs Co., Ltd. 1,900 13,378 Takeei Corp. 2,300 23,296 Takihyo Co., Ltd. 3,000 12,623 Takisawa Machine Tool Co., Ltd. 8,000 12,760 Takuma Co., Ltd. 8,200 83,982 Tamron Co., Ltd. 3,000 56,273 Tamura Corp. 11,000 60,104 Tatsuta Electric Wire and Cable Co., Ltd. 6,500 41,671 Tayca Corp. 7,000 61,913 TBK Co., Ltd. 4,700 21,166 TECHNO ASSOCIE Co., Ltd. 1,200 13,665 Techno Medica Co., Ltd. 800 14,178 Techno Smart Corp. 1,100 13,376 Teijin, Ltd. 25,400 509,254 Tekken Corp. 15,000 46,059 THK Co., Ltd. 4,600 140,455 TIS, Inc. 11,600 350,666 Toa Corp.(6894434) 3,700 38,587 * Toa Corp.(6894508) 4,300 70,208 Toa Oil Co., Ltd. 10,000 13,058 TOA ROAD Corp. 9,000 37,190 Toagosei Co., Ltd. 14,900 179,724 Tobishima Corp. 30,400 46,528 Tobu Store Co., Ltd. 500 14,393 Tochigi Bank, Ltd. (The) 22,000 89,520 Toda Corp. 28,000 192,492 Toda Kogyo Corp. 5,000 18,971 Toei Co., Ltd. 9,000 91,761 Toenec Corp. 9,000 54,650 Togami Electric Manufacturing Co., Ltd. 3,000 13,162 Toho Bank, Ltd. (The) 36,000 125,609 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Toho Co., Ltd. 600 $ 15,761 Toho Holdings Co., Ltd. 7,400 146,288 Toho Zinc Co., Ltd. 18,000 77,506 Tohoku Bank, Ltd. (The) 12,000 16,531 Tokai Carbon Co., Ltd. 34,000 219,416 Tokai Corp. 1,300 57,444 Tokai Rika Co., Ltd. 8,000 146,899 Tokai Tokyo Financial Holdings, Inc. 30,200 176,156 Tokushu Tokai Paper Co., Ltd. 1,400 52,665 Tokyo Century Corp. 5,900 251,305 Tokyo Dome Corp. 13,100 126,084 Tokyo Electron Device, Ltd. 1,100 17,831 Tokyo Energy & Systems, Inc. 5,000 48,932 Tokyo Keiki, Inc. 13,000 34,173 Tokyo Ohka Kogyo Co., Ltd. 5,100 166,014 Tokyo Rakutenchi Co., Ltd. 400 21,294 Tokyo Rope Manufacturing Co., Ltd. 2,400 36,752 Tokyo Sangyo Co., Ltd. 4,000 16,638 Tokyo Steel Manufacturing Co., Ltd. 13,100 112,296 Tokyo Tekko Co., Ltd. 9,000 37,043 Tokyo Theatres Co., Inc. 11,000 14,459 Tokyo TY Financial Group, Inc. 5,200 138,391 Tokyotokeiba Co., Ltd. 2,400 77,930 Tokyu Fudosan Holdings Corp. 70,700 424,099 Tokyu Recreation Co., Ltd. 3,000 22,826 Toli Corp. 8,000 26,030 Tomato Bank, Ltd. 1,000 13,939 Tomoe Corp. 6,700 22,188 Tomoe Engineering Co., Ltd. 800 13,152 Tomoku Co., Ltd. 11,000 38,897 TOMONY Holdings, Inc. 25,500 124,699 Tonami Holdings Co., Ltd. 12,000 47,181 Toppan Forms Co., Ltd. 7,400 76,942 Topre Corp. 3,700 97,535 Topy Industries, Ltd. 3,900 119,779 Torex Semiconductor, Ltd. 800 13,312 Torii Pharmaceutical Co., Ltd. 2,100 58,644 Torishima Pump Manufacturing Co., Ltd. 2,400 24,528 Tosei Corp. 6,500 50,803 Toshiba Machine Co., Ltd. 18,000 85,475 Toshiba Plant Systems & Services Corp. 7,900 128,646 Totech Corp. 700 12,693 Tottori Bank, Ltd. (The) 1,700 26,236 Toukei Computer Co., Ltd. 400 10,192 Towa Bank, Ltd. (The) 61,000 67,939 Towa Corp. 1,800 28,043 Towa Pharmaceutical Co., Ltd. 1,200 57,963 Toyo Construction Co., Ltd. 11,300 48,372 Toyo Denki Seizo K.K. 800 13,960 Toyo Engineering Corp. 11,000 28,931 Toyo Ink SC Holdings Co., Ltd. 33,000 170,989 Toyo Kohan Co., Ltd. 15,400 67,694 Toyo Machinery & Metal Co., Ltd. 2,700 19,505 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Toyo Securities Co., Ltd. 10,000 $ 22,713 Toyo Seikan Group Holdings, Ltd. 26,500 434,397 Toyo Tanso Co., Ltd. 1,900 31,800 Toyo Tire & Rubber Co., Ltd. 9,800 201,160 Toyo Wharf & Warehouse Co., Ltd. 8,000 13,642 Toyobo Co., Ltd. 120,000 228,493 Toyoda Gosei Co., Ltd. 8,300 195,835 TPR Co., Ltd. 1,200 37,895 TS Tech Co., Ltd. 6,400 189,681 Tsubakimoto Chain Co. 20,000 169,689 * Tsudakoma Corp. 8,000 13,708 Tsugami Corp. 7,000 56,112 Tsukada Global Holdings, Inc. 1,800 9,795 Tsukishima Kikai Co., Ltd. 4,000 45,349 Tsukuba Bank, Ltd. 16,200 48,570 Tsurumi Manufacturing Co., Ltd. 2,300 38,521 Tv Tokyo Holdings Corp. 2,100 43,689 * U-Shin, Ltd. 4,800 32,237 UACJ Corp. 51,000 150,530 Ube Industries, Ltd. 147,000 398,204 Uchida Yoko Co., Ltd. 2,200 54,776 UKC Holdings Corp. 2,100 31,545 Uniden Holdings Corp. 11,000 26,191 Union Tool Co. 800 23,749 Unipres Corp. 6,800 158,150 United Super Markets Holdings, Inc. 7,200 73,062 Unizo Holdings Co., Ltd. 3,200 74,248 Ushio, Inc. 18,200 255,425 Utoc Corp. 3,300 13,350 Valor Holdings Co., Ltd. 5,000 112,999 Vital KSK Holdings, Inc. 5,500 44,053 Vitec Holdings Co., Ltd. 1,300 16,633 Wacoal Holdings Corp. 17,000 238,813 Wakachiku Construction Co., Ltd. 30,000 47,335 Wakita & Co., Ltd. 7,000 78,946 Warabeya Nichiyo Holdings Co., Ltd. 1,700 45,901 Wood One Co., Ltd. 6,000 15,679 Xebio Holdings Co., Ltd. 4,600 86,638 YAC Holdings Co., Ltd. 1,200 14,884 Yachiyo Industry Co., Ltd. 1,400 16,209 Yagi & Co., Ltd. 800 12,845 Yahagi Construction Co., Ltd. 3,500 29,003 Yaizu Suisankagaku Industry Co., Ltd. 1,200 13,154 YAMABIKO Corp. 5,100 61,665 Yamada Denki Co., Ltd. 1,400 7,477 Yamagata Bank, Ltd. (The) 26,000 118,028 Yamaguchi Financial Group, Inc. 31,428 369,902 Yamanashi Chuo Bank, Ltd. (The) 25,000 102,116 Yamatane Corp. 1,500 22,204 Yamato Corp. 2,100 13,062 Yamazawa Co., Ltd. 800 12,910 Yamazen Corp. 7,100 72,890 Yashima Denki Co., Ltd. 2,100 17,479 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Yellow Hat, Ltd. 2,300 $ 59,397 Yokogawa Bridge Holdings Corp. 5,800 88,246 Yokohama Reito Co., Ltd. 9,700 96,463 Yokohama Rubber Co., Ltd. (The) 15,700 316,162 Yokowo Co., Ltd. 1,600 21,152 Yondenko Corp. 3,000 16,505 Yorozu Corp. 3,600 60,765 Yuasa Funashoku Co., Ltd. 5,000 15,333 Yuasa Trading Co., Ltd. 2,200 70,489 Yuken Kogyo Co., Ltd. 6,000 12,729 Yurtec Corp. 9,000 61,097 Yusen Logistics Co., Ltd. 2,500 22,649 Yushiro Chemical Industry Co., Ltd. 2,100 28,591 Zeon Corp. 21,000 261,998 Zojirushi Corp. 5,600 58,463 Zuiko Corp. 500 17,641 ----------- TOTAL JAPAN 72,882,238 ----------- MALAYSIA -- (0.9%) Aeon Co. M Bhd 34,800 17,804 # Affin Holdings Bhd 55,700 33,434 AirAsia Bhd 209,300 157,805 #* AirAsia X Bhd 273,900 24,917 Alliance Financial Group Bhd 127,600 117,157 Allianz Malaysia Bhd 4,800 16,251 AMMB Holdings Bhd 273,700 316,304 Ann Joo Resources Bhd 35,700 25,256 Batu Kawan Bhd 2,800 12,424 * Berjaya Assets BHD 69,700 20,008 * Berjaya Corp. Bhd 507,733 39,135 Berjaya Food Bhd 50,600 16,544 BIMB Holdings Bhd 20,500 20,871 * Borneo Oil Bhd 182,550 4,275 Boustead Holdings Bhd 106,008 66,574 Boustead Plantations Bhd 57,900 22,441 #* Bumi Armada Bhd 370,400 60,562 Cahya Mata Sarawak Bhd 24,900 23,242 CB Industrial Product Holding Bhd 44,300 21,002 Coastal Contracts Bhd 28,800 8,876 * Dayang Enterprise Holdings Bhd 53,900 12,839 # DRB-Hicom Bhd 155,700 61,446 # Eastern & Oriental Bhd 106,878 41,201 * Eco World Development Group Bhd 174,100 63,832 # Ekovest Bhd 146,750 39,102 # Evergreen Fibreboard Bhd 67,500 13,711 # Felda Global Ventures Holdings Bhd 193,500 73,685 # Gadang Holdings Bhd 82,250 24,401 GuocoLand Malaysia Bhd 51,700 14,246 * Hengyuan Refining Co. Bhd 8,200 15,048 # HeveaBoard Bhd 61,800 24,096 * Hibiscus Petroleum Bhd 219,000 20,731 Hock Seng LEE BHD 31,700 11,336 Insas Bhd 80,200 19,661 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- MALAYSIA -- (Continued) IOI Properties Group Bhd 302,249 $148,224 # Jaya Tiasa Holdings Bhd 70,100 18,339 JCY International Bhd 117,100 15,577 Kian JOO CAN Factory Bhd 15,800 10,996 #* KNM Group Bhd 319,100 18,256 * KSL Holdings Bhd 107,100 30,762 Land & General Bhd 334,200 17,953 LBS Bina Group Bhd 54,100 24,889 Magnum Bhd 115,000 45,927 Mah Sing Group Bhd 174,200 64,299 Malayan Flour Mills Bhd 57,300 31,443 Malaysia Building Society Bhd 286,688 82,333 #* Malaysia Marine and Heavy Engineering Holdings Bhd 64,200 11,025 Malaysian Pacific Industries Bhd 8,900 29,490 # Malaysian Resources Corp. Bhd 104,700 29,796 Malton Bhd 69,200 19,061 Matrix Concepts Holdings Bhd 19,300 12,305 Media Chinese International, Ltd. 129,500 16,323 Media Prima Bhd 168,000 35,308 Mega First Corp. Bhd 32,300 28,973 Mitrajaya Holdings Bhd 56,300 17,482 MKH Bhd 43,420 22,815 MMC Corp. Bhd 92,500 51,815 * MNRB Holdings Bhd 5,900 3,459 * MPHB Capital Bhd 45,500 15,938 * Mudajaya Group Bhd 92,500 27,014 Muhibbah Engineering M Bhd 39,800 26,020 * Mulpha International Bhd 20,120 11,335 Paramount Corp. Bhd 29,700 12,760 * Parkson Holdings Bhd 70,140 9,088 Petron Malaysia Refining & Marketing Bhd 8,200 17,243 Pos Malaysia Bhd 33,100 40,908 Protasco Bhd 39,250 9,527 Sapura Energy Bhd 558,200 200,845 Sarawak Oil Palms Bhd 45,385 37,938 # SP Setia Bhd Group 27,971 21,621 Star Media Group Bhd 19,500 10,657 * Sumatec Resources Bhd 805,800 9,409 Sunway Bhd 102,926 102,879 Supermax Corp. Bhd 77,400 34,700 Ta Ann Holdings Bhd 24,840 20,304 TA Enterprise Bhd 144,500 20,427 TA Global Bhd 119,500 8,666 Taliworks Corp. Bhd 31,200 10,851 TDM Bhd 111,210 14,546 Thong Guan Industries Bhd 20,100 19,623 Tropicana Corp. Bhd 45,034 10,095 TSH Resources Bhd 96,200 37,519 Tune Protect Group Bhd 80,800 20,563 UEM Edgenta Bhd 22,100 13,951 #* UEM Sunrise Bhd 225,600 60,568 * UMW Holdings Bhd 70,000 95,316 #* UMW Oil & Gas Corp. Bhd 156,484 10,968 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- MALAYSIA -- (Continued) Unisem M Bhd 87,500 $ 78,403 United Malacca Bhd 15,200 22,541 # UOA Development Bhd 93,300 56,656 VS Industry Bhd 11,700 6,016 #* WCT Holdings Bhd 118,111 52,392 WTK Holdings Bhd 94,000 18,978 Yinson Holdings Bhd 76,300 63,260 * YNH Property Bhd 52,303 17,340 YTL Corp. Bhd 629,100 205,662 ---------- TOTAL MALAYSIA 3,699,594 ---------- MEXICO -- (0.9%) Alfa S.A.B. de C.V. Class A 447,841 621,607 Alpek S.A.B. de C.V. 51,802 59,535 * Axtel S.A.B. de C.V. 70,700 16,799 Banregio Grupo Financiero S.A.B. de C.V. 31,703 207,786 Bolsa Mexicana de Valores S.A.B. de C.V. 60,300 103,579 Cia Minera Autlan S.A.B. de C.V. Series B 11,716 10,793 Consorcio ARA S.A.B. de C.V. Series * 129,858 43,547 #* Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A 53,341 73,349 Corp. Actinver S.A.B. de C.V. 15,000 10,953 * Corp. GEO S.A.B. de C.V. Series B 26,337 2,826 Credito Real S.A.B. de C.V. SOFOM ER 49,154 87,057 * Elementia S.A.B. de C.V. 16,662 23,960 #* Genomma Lab Internacional S.A.B. de C.V. Class B 112,965 144,994 Gentera S.A.B. de C.V. 79,426 120,461 * Grupo Aeromexico S.A.B. de C.V. 27,319 56,656 Grupo Cementos de Chihuahua S.A.B. de C.V. 6,715 35,068 Grupo Comercial Chedraui S.A. de C.V. 63,946 133,980 Grupo Elektra S.A.B. de C.V. 6,443 287,951 * Grupo Famsa S.A.B. de C.V. Class A 33,963 19,612 Grupo Financiero Interacciones SA de C.V. Class O 17,710 99,679 Grupo Herdez S.A.B. de C.V. Series * 35,287 79,464 Grupo Industrial Saltillo S.A.B. de C.V. 21,608 49,643 Grupo Rotoplas S.A.B. de C.V. 15,384 25,354 Grupo Sanborns S.A.B. de C.V. 35,336 42,774 #* Grupo Simec S.A.B. de C.V. Series B 14,163 50,566 * Hoteles City Express S.A.B. de C.V. 48,900 60,704 Industrias Bachoco S.A.B. de C.V. Series B 33,129 165,249 * Industrias CH S.A.B. de C.V. Series B 22,407 108,596 Industrias Penoles S.A.B. de C.V. 11,145 273,578 * La Comer S.A.B. de C.V. 89,944 91,194 Megacable Holdings S.A.B. de C.V. 30,041 124,568 Mexichem S.A.B. de C.V. 136,325 389,008 #* Minera Frisco S.A.B. de C.V. Class A1 45,911 29,245 Nemak S.A.B. de C.V. 21,000 18,944 Organizacion Cultiba S.A.B. de C.V. 30,505 27,759 * Organizacion Soriana S.A.B. de C.V. Class B 40,351 99,934 Qualitas Controladora S.A.B. de C.V. 34,354 56,966 Rassini S.A.B. de C.V. 6,217 29,680 Rassini S.A.B. De C.V. Class A 17,275 40,231 TV Azteca S.A.B. de C.V. 199,909 38,067 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- MEXICO -- (Continued) Vitro S.A.B. de C.V. Series A 12,298 $ 55,216 ---------- TOTAL MEXICO 4,016,932 ---------- NETHERLANDS -- (1.6%) Accell Group 3,570 108,827 Aegon NV 279,029 1,564,083 APERAM SA 14,890 723,702 Arcadis NV 8,980 183,643 ASM International NV 11,881 714,972 BinckBank NV 11,130 61,222 Boskalis Westminster 19,319 690,976 * Fugro NV 11,761 188,907 Gemalto NV(B011JK4) 10,340 527,076 Gemalto NV(B9MS8P5) 2,183 111,205 * Heijmans NV 4,859 41,093 Hunter Douglas NV 778 68,076 Intertrust NV 1,650 28,302 KAS Bank NV 2,750 31,727 Kendrion NV 1,731 73,846 Koninklijke BAM Groep NV 41,083 244,296 Koninklijke Vopak NV 6,470 308,052 Ordina NV 15,728 29,389 Randstad Holding NV 1,440 86,826 Refresco Group NV 2,027 39,605 SBM Offshore NV 44,899 776,448 Sligro Food Group NV 1,155 52,241 * Telegraaf Media Groep NV 2,312 16,473 * TomTom NV 19,133 203,093 Van Lanschot Kempen NV 2,245 66,582 ---------- TOTAL NETHERLANDS 6,940,662 ---------- NEW ZEALAND -- (0.4%) Air New Zealand, Ltd. 79,766 200,816 Arvida Group, Ltd. 18,498 17,924 Chorus, Ltd. 57,075 191,258 EBOS Group, Ltd. 12,383 168,219 Evolve Education Group, Ltd. 8,188 6,142 Heartland Bank, Ltd. 32,027 43,777 Kathmandu Holdings, Ltd. 16,660 28,414 Metlifecare, Ltd. 19,389 81,408 Metro Performance Glass, Ltd. 11,586 13,403 * New Zealand Oil & Gas, Ltd. 26,110 11,758 New Zealand Refining Co., Ltd. (The) 18,373 34,067 NZME, Ltd.(BD5W4X2) 28,793 20,060 NZME, Ltd.(BD310N3) 15,550 10,852 PGG Wrightson, Ltd. 27,472 11,970 Sanford, Ltd. 7,981 43,494 Scales Corp., Ltd. 10,396 26,628 Skellerup Holdings, Ltd. 26,569 33,535 SKY Network Television, Ltd. 36,905 91,726 SKYCITY Entertainment Group, Ltd. 49,140 149,129 Steel & Tube Holdings, Ltd. 7,277 12,075 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NEW ZEALAND -- (Continued) Summerset Group Holdings, Ltd. 27,817 $ 101,330 * Synlait Milk, Ltd. 10,066 33,556 Tegel Group Holdings, Ltd. 7,229 6,792 Tourism Holdings, Ltd. 15,938 51,263 * Tower, Ltd. 20,066 14,165 Trade Me Group, Ltd. 58,677 241,255 Turners Automotive Group, Ltd. 1,200 3,208 Warehouse Group, Ltd. (The) 13,394 21,729 ---------- TOTAL NEW ZEALAND 1,669,953 ---------- NORWAY -- (0.9%) * Akastor ASA 32,353 66,276 Aker ASA Class A 4,179 158,250 * Aker Solutions ASA 24,083 120,449 American Shipping Co. ASA 8,329 26,220 Atea ASA 4,794 58,781 Austevoll Seafood ASA 15,622 138,767 * Avance Gas Holding, Ltd. 7,335 22,424 Bonheur ASA 3,949 40,745 BW LPG, Ltd. 18,257 82,322 #* BW Offshore, Ltd. 17,950 55,322 * DNO ASA 88,318 103,012 * DOF ASA 124,543 14,751 * Fred Olsen Energy ASA 7,263 10,618 Frontline, Ltd. 12,607 73,095 Grieg Seafood ASA 4,387 36,015 # Hoegh LNG Holdings, Ltd. 8,123 91,095 * Kongsberg Automotive ASA 75,985 80,508 Kongsberg Gruppen ASA 1,796 30,541 * Kvaerner ASA 31,342 45,746 Leroy Seafood Group ASA 28,820 167,281 * Norwegian Air Shuttle ASA 1,681 41,273 Ocean Yield ASA 7,604 64,959 * Odfjell Drilling, Ltd. 6,000 16,253 Odfjell SE Class A 8,358 31,490 Opera Software ASA 10,264 42,462 * Petroleum Geo-Services ASA 61,296 134,435 * Prosafe SE 1,025 3,964 * Q-Free ASA 3,003 3,393 #* REC Silicon ASA 331,659 40,709 #* Seadrill, Ltd. 31,506 11,760 Skandiabanken ASA 7,645 86,050 * Solstad Farstad ASA 6,758 8,068 * Songa Offshore 8,731 39,144 SpareBank 1 SMN 4,481 45,251 SpareBank 1 SR-Bank ASA 24,839 247,916 Stolt-Nielsen, Ltd. 4,606 70,394 Storebrand ASA 62,833 524,105 Subsea 7 SA 45,313 671,442 TGS NOPEC Geophysical Co. ASA 13,500 285,291 * Wallenius Wilhelmsen Logistics 6,223 38,902 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- NORWAY -- (Continued) Wilh Wilhelmsen Holding ASA Class A 2,355 $ 74,037 ---------- TOTAL NORWAY 3,903,516 ---------- PHILIPPINES -- (0.4%) Alliance Global Group, Inc. 395,800 112,603 Belle Corp. 221,000 16,598 Cebu Air, Inc. 24,380 48,797 China Banking Corp. 70,000 50,554 Cosco Capital, Inc. 316,400 48,476 East West Banking Corp. 52,800 33,432 Emperador, Inc. 201,000 29,827 Energy Development Corp. 514,300 60,847 Filinvest Land, Inc. 1,862,000 65,329 First Philippine Holdings Corp. 37,740 49,360 Integrated Micro-Electronics, Inc. 80,600 21,087 Lopez Holdings Corp. 459,100 63,666 * Megawide Construction Corp. 123,000 42,762 Megaworld Corp. 1,553,000 147,723 Nickel Asia Corp. 176,700 21,002 Pepsi-Cola Products Philippines, Inc. 178,000 11,290 Petron Corp. 324,100 60,771 Philex Mining Corp. 155,500 27,256 Philippine National Bank 35,300 46,865 Phinma Energy Corp. 253,000 9,574 Phoenix Petroleum Philippines, Inc. 68,700 16,588 RFM Corp. 131,000 11,675 Rizal Commercial Banking Corp. 18,900 21,347 Robinsons Land Corp. 173,400 88,350 Robinsons Retail Holdings, Inc. 39,750 68,268 San Miguel Corp. 53,450 107,600 San Miguel Pure Foods Co., Inc. 2,290 13,979 Security Bank Corp. 4,360 20,213 * SSI Group, Inc. 211,000 18,173 STI Education Systems Holdings, Inc. 675,000 19,787 * Top Frontier Investment Holdings, Inc. 3,550 21,457 Travellers International Hotel Group, Inc. 211,000 14,084 Union Bank of the Philippines 35,150 60,090 Vista Land & Lifescapes, Inc. 853,600 101,294 ---------- TOTAL PHILIPPINES 1,550,724 ---------- POLAND -- (0.4%) * AB SA 754 7,275 * Agora SA 3,492 15,451 Amica SA 747 33,815 Asseco Poland SA 12,528 157,475 * Bank Millennium SA 23,271 49,942 * Bank Ochrony Srodowiska SA 2,236 6,628 * Boryszew SA 15,012 45,546 * Ciech SA 3,497 56,147 ComArch SA 890 50,414 Dom Development SA 163 3,461 * Emperia Holding SA 1,816 42,825 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- POLAND -- (Continued) Enea SA 39,628 $ 167,044 * Getin Holding SA 58,257 21,550 #* Getin Noble Bank SA 82,571 32,361 Grupa Azoty SA 4,673 91,398 * Grupa Lotos SA 16,202 218,929 * Impexmetal SA 22,502 27,548 * Jastrzebska Spolka Weglowa SA 7,083 163,061 Kernel Holding SA 7,401 130,943 LC Corp. SA 20,566 10,930 Lubelski Wegiel Bogdanka SA 2,399 47,871 Netia SA 56,147 61,816 Newag SA 625 2,968 Orbis SA 1,331 31,649 Pfleiderer Group SA 800 10,125 * PKP Cargo SA 3,633 62,647 * Polnord SA 7,163 20,403 * Rafako SA 4,078 7,012 Stalexport Autostrady SA 12,436 14,743 Stalprodukt SA 227 31,552 * Tauron Polska Energia SA 186,483 197,633 Trakcja SA 3,837 14,493 * Vistula Group SA 5,011 4,684 * Zespol Elektrowni Patnow Adamow Konin SA 3,168 16,642 ---------- TOTAL POLAND 1,856,981 ---------- PORTUGAL -- (0.2%) Altri SGPS SA 4,007 18,198 * Banco Comercial Portugues SA Class R 692,142 197,288 EDP Renovaveis SA 26,435 211,265 Mota-Engil SGPS SA 21,037 59,177 Navigator Co. SA (The) 10,377 44,727 Semapa-Sociedade de Investimento e Gestao 2,980 57,920 Sonae Capital SGPS SA 15,124 14,441 Sonae SGPS SA 157,338 180,807 Teixeira Duarte SA 25,366 9,956 ---------- TOTAL PORTUGAL 793,779 ---------- SINGAPORE -- (0.8%) Accordia Golf Trust 114,000 59,283 * Banyan Tree Holdings, Ltd. 47,800 19,393 Boustead Singapore, Ltd. 18,300 12,814 Bukit Sembawang Estates, Ltd. 24,500 123,057 Centurion Corp., Ltd. 33,600 12,771 China Aviation Oil Singapore Corp., Ltd. 10,400 12,584 Chip Eng Seng Corp., Ltd. 72,300 38,651 #* COSCO Shipping International Singapore Co., Ltd. 82,000 18,434 CSE Global, Ltd. 76,400 23,384 CWT, Ltd. 10,000 15,267 Elec & Eltek International Co., Ltd. 8,300 13,776 * Ezion Holdings, Ltd. 327,060 57,921 #* Ezra Holdings, Ltd. 522,200 3,198 Far East Orchard, Ltd. 37,800 43,155 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- SINGAPORE -- (Continued) Food Empire Holdings, Ltd. 46,100 $ 22,417 Fragrance Group, Ltd. 90,400 10,949 Frasers Centrepoint, Ltd. 29,600 42,048 Golden Agri-Resources, Ltd. 908,900 264,654 GuocoLand, Ltd. 31,600 44,404 * Halcyon Agri Corp., Ltd. 11,400 4,632 Hi-P International, Ltd. 35,500 26,709 Ho Bee Land, Ltd. 50,700 90,465 Hong Fok Corp., Ltd. 59,290 34,311 Hong Leong Asia, Ltd. 30,900 24,714 Hong Leong Finance, Ltd. 6,800 13,184 Hotel Grand Central, Ltd. 22,643 22,561 Hutchison Port Holdings Trust 765,600 363,433 Hyflux, Ltd. 66,200 23,431 Indofood Agri Resources, Ltd. 72,700 26,556 Japfa, Ltd. 55,000 23,519 * KrisEnergy, Ltd. 76,100 8,137 KSH Holdings, Ltd. 47,250 28,420 Lian Beng Group, Ltd. 54,800 24,466 Mandarin Oriental International, Ltd. 8,000 16,173 * Midas Holdings, Ltd. 229,800 34,713 * Nam Cheong, Ltd. 135,500 2,000 #* Noble Group, Ltd. 144,840 39,990 NSL, Ltd. 17,700 18,663 Olam International, Ltd. 61,300 88,195 OUE, Ltd. 38,100 56,217 * Pacc Offshore Services Holdings, Ltd. 41,200 8,649 QAF, Ltd. 12,500 12,036 * Raffles Education Corp., Ltd. 105,800 15,115 RHT Health Trust 79,000 51,865 SembCorp Industries, Ltd. 102,300 243,634 SembCorp Marine, Ltd. 72,200 89,724 SHS Holdings, Ltd. 60,200 9,783 SIIC Environment Holdings, Ltd. 135,000 48,316 Sinarmas Land, Ltd. 163,500 51,224 #* Sino Grandness Food Industry Group, Ltd. 87,708 14,219 Stamford Land Corp., Ltd. 17,400 6,681 Sunningdale Tech, Ltd. 16,960 25,264 * Swiber Holdings, Ltd. 92,600 1,394 Tai Sin Electric, Ltd. 31,700 10,305 * Tat Hong Holdings, Ltd. 50,300 13,720 Tuan Sing Holdings, Ltd. 132,600 32,712 UMS Holdings, Ltd. 35,000 27,359 United Engineers, Ltd. 71,900 138,894 United Industrial Corp., Ltd. 30,700 72,701 UOB-Kay Hian Holdings, Ltd. 22,500 22,908 UOL Group, Ltd. 79,800 464,311 UPP Holdings, Ltd. 100,900 19,348 Venture Corp., Ltd. 1,600 15,543 Vibrant Group, Ltd. 63,700 18,118 Wee Hur Holdings, Ltd. 60,800 10,774 Wheelock Properties Singapore, Ltd. 38,200 52,694 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) Wing Tai Holdings, Ltd. 53,900 $ 81,113 ---------- TOTAL SINGAPORE 3,367,053 ---------- SOUTH AFRICA -- (1.7%) Adcock Ingram Holdings, Ltd. 5,786 27,946 Adcorp Holdings, Ltd. 21,940 23,476 Aeci, Ltd. 22,266 179,025 African Oxygen, Ltd. 14,955 21,344 African Rainbow Minerals, Ltd. 21,802 155,319 Alexander Forbes Group Holdings, Ltd. 120,000 61,611 * Allied Electronics Corp., Ltd. Class A 21,695 19,952 Alviva Holdings, Ltd. 23,869 36,835 AngloGold Ashanti, Ltd. 1,099 11,103 AngloGold Ashanti, Ltd. Sponsored ADR 47,956 480,519 * ArcelorMittal South Africa, Ltd. 94,776 36,081 Ascendis Health, Ltd. 25,092 38,128 Assore, Ltd. 2,984 48,328 Astral Foods, Ltd. 6,825 75,076 * Aveng, Ltd. 60,396 23,893 Barloworld, Ltd. 42,324 380,868 Blue Label Telecoms, Ltd. 75,147 96,643 Caxton and CTP Publishers and Printers, Ltd. 3,840 3,570 Clover Industries, Ltd. 29,086 37,004 * Consolidated Infrastructure Group, Ltd. 13,876 16,633 DataTec, Ltd. 65,242 284,287 Distell Group, Ltd. 119 1,312 DRDGOLD, Ltd. 57,915 19,333 * enX Group, Ltd. 8,010 9,616 EOH Holdings, Ltd. 9,522 77,866 Exxaro Resources, Ltd. 35,210 290,746 Foschini Group, Ltd. (The) 2,544 29,285 Gold Fields, Ltd. 2,858 11,401 Gold Fields, Ltd. Sponsored ADR 117,597 469,212 Grand Parade Investments, Ltd. 33,085 8,285 * Grindrod, Ltd. 89,727 84,275 Group Five, Ltd. 22,334 28,868 Harmony Gold Mining Co., Ltd. 11,394 20,362 Harmony Gold Mining Co., Ltd. Sponsored ADR 39,848 72,125 Holdsport, Ltd. 6,202 31,489 Hudaco Industries, Ltd. 5,065 48,491 Hulamin, Ltd. 20,234 9,829 * Impala Platinum Holdings, Ltd. 95,741 255,629 Imperial Holdings, Ltd. 27,601 364,578 Investec, Ltd. 5,036 37,690 Invicta Holdings, Ltd. 9,305 37,756 KAP Industrial Holdings, Ltd. 208,398 126,886 * Kumba Iron Ore, Ltd. 6,570 98,064 Lewis Group, Ltd. 25,191 58,874 Liberty Holdings, Ltd. 19,795 169,823 Merafe Resources, Ltd. 210,616 21,727 Metair Investments, Ltd. 30,843 45,388 MMI Holdings, Ltd. 178,154 279,424 Mpact, Ltd. 33,353 69,623 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH AFRICA -- (Continued) Murray & Roberts Holdings, Ltd. 71,825 $ 75,486 * Nampak, Ltd. 96,201 139,515 * Northam Platinum, Ltd. 49,443 172,084 Omnia Holdings, Ltd. 11,764 121,468 Peregrine Holdings, Ltd. 26,153 59,491 * PPC, Ltd. 249,095 90,296 Raubex Group, Ltd. 28,364 51,021 RCL Foods, Ltd. 23,082 27,836 Reunert, Ltd. 29,519 161,024 * Royal Bafokeng Platinum, Ltd. 12,134 28,234 Sappi, Ltd. 81,287 538,451 Sibanye Gold, Ltd. 202,379 258,315 * Super Group, Ltd. 66,836 184,835 Telkom SA SOC, Ltd. 46,155 227,819 Tongaat Hulett, Ltd. 18,967 170,904 Transaction Capital, Ltd. 28,240 31,746 Trencor, Ltd. 33,680 90,056 Tsogo Sun Holdings, Ltd. 30,499 52,927 Wilson Bayly Holmes-Ovcon, Ltd. 8,483 88,136 ---------- TOTAL SOUTH AFRICA 7,405,242 ---------- SOUTH KOREA -- (5.1%) * Ace Technologies Corp. 5,031 19,450 * Actoz Soft Co., Ltd. 1,531 19,758 Ahn-Gook Pharmaceutical Co., Ltd. 2,130 19,792 AJ Networks Co., Ltd. 1,322 8,211 * AJ Rent A Car Co., Ltd. 2,448 22,112 * Ajin Industrial Co., Ltd. 2,956 17,766 AK Holdings, Inc. 665 42,596 * Amotech Co., Ltd. 1,619 39,070 Anapass, Inc. 2,017 28,761 Asia Cement Co., Ltd. 286 22,223 ASIA Holdings Co., Ltd. 180 18,341 Asia Paper Manufacturing Co., Ltd. 872 15,506 * Asiana Airlines, Inc. 15,989 73,899 Autech Corp. 2,921 33,134 Avaco Co., Ltd. 1,548 10,368 Binggrae Co., Ltd. 997 59,682 Bluecom Co., Ltd. 2,360 18,052 BNK Financial Group, Inc. 49,369 498,852 #* Bohae Brewery Co., Ltd. 20,618 18,794 Bookook Securities Co., Ltd. 685 16,101 * Bubang Co., Ltd. 6,098 19,114 Busan City Gas Co., Ltd. 417 14,253 BYC Co., Ltd. 48 15,295 Byucksan Corp. 5,737 18,457 #* Capro Corp. 5,965 32,098 Changhae Ethanol Co., Ltd. 1,227 20,031 * China Great Star International, Ltd. 1,244 1,502 Chinyang Holdings Corp. 5,979 17,055 Chokwang Paint, Ltd. 2,096 21,704 Chongkundang Holdings Corp. 301 17,937 Chosun Refractories Co., Ltd. 264 21,088 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Chungdahm Learning, Inc. 1,231 $ 18,531 CJ CheilJedang Corp. 1,087 359,266 CJ Hellovision Co., Ltd. 4,375 34,053 CJ O Shopping Co., Ltd. 559 99,335 CKD Bio Corp. 780 14,819 Cosmax BTI, Inc. 1,055 23,517 CS Wind Corp. 1,031 24,697 D.I Corp. 2,404 9,842 Dae Dong Industrial Co., Ltd. 1,833 11,642 Dae Hyun Co., Ltd. 6,011 15,921 Dae Won Kang Up Co., Ltd. 3,375 13,056 * Dae Young Packaging Co., Ltd. 25,156 19,694 Dae-Il Corp. 1,815 17,019 Daechang Forging Co., Ltd. 229 13,423 Daeduck Electronics Co. 5,565 55,656 Daeduck GDS Co., Ltd. 4,401 74,252 Daehan Steel Co., Ltd. 2,678 33,264 Daelim B&Co Co., Ltd. 2,575 18,628 Daelim C&S Co., Ltd. 871 12,914 Daelim Industrial Co., Ltd. 5,179 424,405 Daeryuk Can Co., Ltd. 2,788 17,565 Daesang Corp. 3,457 79,390 Daesang Holdings Co., Ltd. 1,861 18,211 #* Daewon Cable Co., Ltd. 14,140 15,972 Daewon San Up Co., Ltd. 3,013 19,833 * Daewoo Shipbuilding & Marine Engineering Co., Ltd. 16,524 12,404 Daewoong Co., Ltd. 2,120 28,697 Daishin Securities Co., Ltd. 6,759 92,437 Dayou Automotive Seat Technology Co., Ltd. 14,013 16,774 * Deutsch Motors, Inc. 879 5,207 DGB Financial Group, Inc. 31,798 339,686 Digital Chosun Co., Ltd. 10,075 20,545 Digital Power Communications Co., Ltd. 4,510 18,328 Dong Ah Tire & Rubber Co., Ltd. 1,715 42,191 Dong-A Socio Holdings Co., Ltd. 548 63,225 Dong-A ST Co., Ltd. 470 34,862 Dong-A Steel Technology Co., Ltd. 1,489 10,606 Dong-Ah Geological Engineering Co., Ltd. 457 5,591 Dong-Il Corp. 394 20,310 * DONGBU Co., Ltd. 22,287 14,812 * Dongbu Corp. 1,365 18,711 Dongbu Insurance Co., Ltd. 6,835 489,200 * Dongbu Securities Co., Ltd. 6,876 24,584 Dongil Industries Co., Ltd. 228 15,281 Dongkuk Industries Co., Ltd. 7,943 33,572 Dongkuk Steel Mill Co., Ltd. 12,055 154,540 Dongkuk Structures & Construction Co., Ltd. 3,652 20,886 DONGSUNG Corp. 3,840 22,168 Dongsung Finetec Co., Ltd. 2,245 12,016 Dongwha Enterprise Co., Ltd. 565 18,404 Dongwha Pharm Co., Ltd. 2,476 18,099 Dongwon Development Co., Ltd. 12,293 54,935 Dongwon F&B Co., Ltd. 231 44,587 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Dongwon Industries Co., Ltd. 232 $ 57,409 Dongyang E&P, Inc. 1,094 12,846 Doosan Corp. 823 86,778 * Doosan Engine Co., Ltd. 10,197 37,601 Doosan Heavy Industries & Construction Co., Ltd. 9,731 179,165 * Doosan Infracore Co., Ltd. 22,749 163,710 DRB Holding Co., Ltd. 2,082 17,731 DSR Wire Corp. 3,362 18,692 Duksung Co., Ltd. 4,422 17,834 DY Corp. 2,973 19,134 e Tec E&C, Ltd. 158 19,401 e-LITECOM Co., Ltd. 1,501 12,505 Eagon Industrial, Ltd. 1,585 13,382 Easy Bio, Inc. 8,678 53,661 #* EcoBio Holdings Co., Ltd. 2,465 20,908 Elentec Co., Ltd. 4,044 18,166 EM-Tech Co., Ltd. 2,349 28,453 Eugene Corp. 7,357 41,408 * Eugene Investment & Securities Co., Ltd. 10,226 33,724 Eusu Holdings Co., Ltd. 2,480 16,880 EVERDIGM Corp. 1,537 17,025 F&F Co., Ltd. 722 18,093 * FarmStory Co., Ltd. 13,834 17,742 Feelux Co., Ltd. 6,238 17,551 Fila Korea, Ltd. 2,034 134,504 * Gamevil, Inc. 643 31,645 Gaon Cable Co., Ltd. 585 13,481 Geumhwa PSC Co., Ltd. 414 13,901 GOLFZONNEWDIN Co., Ltd. 3,262 16,391 * GS Global Corp. 6,392 17,704 GS Holdings Corp. 7,295 491,735 Gwangju Shinsegae Co., Ltd. 56 12,281 * Halla Corp. 2,965 13,145 Halla Holdings Corp. 1,649 97,177 Han Kuk Carbon Co., Ltd. 5,087 27,243 Handok, Inc. 864 19,429 Handsome Co., Ltd. 2,392 77,166 Hanil Cement Co., Ltd. 612 67,761 * Hanjin Heavy Industries & Construction Co., Ltd. 14,878 58,958 * Hanjin Heavy Industries & Construction Holdings Co., Ltd. 3,532 17,919 * Hanjin Kal Corp. 8,494 178,494 Hanjin Transportation Co., Ltd. 2,068 58,328 Hankuk Paper Manufacturing Co., Ltd. 784 20,702 HanmiGlobal Co., Ltd. 2,096 22,183 Hansae Yes24 Holdings Co., Ltd. 1,461 12,934 Hanshin Construction 1,594 28,985 * Hansol Holdings Co., Ltd. 6,936 38,613 * Hansol HomeDeco Co., Ltd. 8,230 10,959 Hansol Paper Co., Ltd. 3,188 54,127 * Hansol Technics Co., Ltd. 1,825 25,449 Hanwha Chemical Corp. 19,926 600,599 Hanwha Corp. 8,227 359,835 * Hanwha Galleria Timeworld Co., Ltd. 357 9,093 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Hanwha General Insurance Co., Ltd. 8,123 $ 72,947 * Hanwha Investment & Securities Co., Ltd. 27,317 89,747 # Hanwha Life Insurance Co., Ltd. 19,254 129,913 Hanyang Eng Co., Ltd. 3,073 35,807 Harim Co., Ltd. 5,009 20,451 Harim Holdings Co., Ltd. 5,448 20,308 # Heung-A Shipping Co., Ltd. 16,662 19,740 * Heungkuk Fire & Marine Insurance Co., Ltd. 8,256 49,055 Hitejinro Holdings Co., Ltd. 1,504 15,524 HMC Investment Securities Co., Ltd. 4,374 46,514 HS R&A Co., Ltd. 6,290 16,604 Humax Co., Ltd. 3,803 36,697 Huons Global Co., Ltd. 889 27,684 Husteel Co., Ltd. 923 12,538 Huvis Corp. 2,628 19,145 Hwa Shin Co., Ltd. 3,479 17,901 Hwangkum Steel & Technology Co., Ltd. 2,211 18,024 HwaSung Industrial Co., Ltd. 1,115 15,144 Hy-Lok Corp. 1,190 24,506 Hyosung Corp. 3,099 463,921 Hyundai BNG Steel Co., Ltd. 909 10,436 Hyundai Corp. 1,315 23,915 Hyundai Department Store Co., Ltd. 2,864 284,135 Hyundai Engineering & Construction Co., Ltd. 14,729 595,677 Hyundai Engineering Plastics Co., Ltd. 2,556 15,880 Hyundai Hy Communications & Networks Co., Ltd. 7,263 27,130 Hyundai Marine & Fire Insurance Co., Ltd. 11,286 457,885 Hyundai Pharmaceutical Co., Ltd. 2,981 11,446 # Hyundai Wia Corp. 3,138 193,540 I Controls, Inc. 557 14,792 * IHQ, Inc. 14,886 27,797 Iljin Electric Co., Ltd. 2,455 9,902 Iljin Holdings Co., Ltd. 3,429 17,692 Ilshin Spinning Co., Ltd. 195 21,178 iMarketKorea, Inc. 2,959 33,708 * Insun ENT Co., Ltd. 4,199 30,304 Intelligent Digital Integrated Security Co., Ltd. 1,158 8,387 Interpark Holdings Corp. 10,966 56,152 IS Dongseo Co., Ltd. 1,037 38,464 ISU Chemical Co., Ltd. 1,279 20,468 IsuPetasys Co., Ltd. 5,166 19,978 JB Financial Group Co., Ltd. 23,465 145,370 KAON Media Co., Ltd. 1,968 20,836 KB Financial Group, Inc. 1,265 67,235 KC Green Holdings Co., Ltd. 1,848 10,220 KCC Engineering & Construction Co., Ltd. 1,945 18,762 Keyang Electric Machinery Co., Ltd. 5,858 25,180 KG Chemical Corp. 1,692 23,612 KG Eco Technology Service Co., Ltd. 6,425 25,877 KGMobilians Co., Ltd. 1,422 9,429 KISCO Corp. 808 31,227 KISCO Holdings Co., Ltd. 274 18,434 KISWIRE, Ltd. 1,003 35,298 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) KIWOOM Securities Co., Ltd. 1,653 $125,461 * KleanNara Co., Ltd. 4,228 18,894 * KMH Co., Ltd. 2,719 25,270 Kodaco Co., Ltd. 9,455 29,862 Kolao Holdings 3,260 16,118 Kolon Corp. 1,047 57,917 Kolon Global Corp. 710 8,065 Kolon Industries, Inc. 2,777 162,997 * KONA I Co., Ltd. 3,068 35,931 Korea Autoglass Corp. 1,060 19,823 Korea Cast Iron Pipe Industries Co., Ltd. 2,203 20,374 Korea Circuit Co., Ltd. 1,872 22,479 Korea Electric Terminal Co., Ltd. 817 51,535 Korea Investment Holdings Co., Ltd. 1,444 91,878 * Korea Line Corp. 2,607 75,198 Korea Petrochemical Ind Co., Ltd. 499 115,100 * Korean Air Lines Co., Ltd. 7,696 244,391 Korean Reinsurance Co. 19,807 228,337 Kortek Corp. 2,019 25,263 KPX Chemical Co., Ltd. 288 18,324 KSS LINE, Ltd. 2,670 23,370 * KT Hitel Co., Ltd. 2,856 16,933 KT Skylife Co., Ltd. 4,247 63,377 * KTB Investment & Securities Co., Ltd. 11,121 35,646 KTCS Corp. 8,880 18,932 Ktis Corp. 4,865 14,104 Kukdo Chemical Co., Ltd. 722 36,900 Kumho Industrial Co., Ltd. 2,460 24,850 # Kumho Petrochemical Co., Ltd. 1,518 102,336 #* Kumho Tire Co., Inc. 18,552 125,112 Kumkang Kind Co., Ltd. 610 20,541 Kwang Dong Pharmaceutical Co., Ltd. 6,906 51,998 * Kwang Myung Electric Co., Ltd. 11,132 24,753 Kwangju Bank Co., Ltd. 5,799 71,774 * Kyeryong Construction Industrial Co., Ltd. 629 10,051 Kyobo Securities Co., Ltd. 6,572 61,678 Kyung-In Synthetic Corp. 2,605 9,248 Kyungbang, Ltd. 1,708 24,882 Kyungchang Industrial Co., Ltd. 2,837 12,438 Kyungdong Pharm Co., Ltd. 1,159 19,886 * LB Semicon, Inc. 4,621 11,514 LEADCORP, Inc. (The) 3,249 21,951 LF Corp. 4,056 113,670 LG Hausys, Ltd. 1,190 116,953 LG Innotek Co., Ltd. 2,076 278,007 LG International Corp. 5,189 136,325 Lock & Lock Co., Ltd. 3,844 46,208 Lotte Chilsung Beverage Co., Ltd. 104 150,036 # LOTTE Fine Chemical Co., Ltd. 3,415 131,902 Lotte Food Co., Ltd. 136 75,867 LOTTE Himart Co., Ltd. 1,899 118,106 Lotte Non-Life Insurance Co., Ltd. 9,355 25,747 LS Corp. 2,748 206,565 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) LS Industrial Systems Co., Ltd. 2,433 $125,566 * Lumens Co., Ltd. 6,649 24,112 * Maeil Dairies Co., Ltd. 584 39,366 Maeil Holdings Co., Ltd. 524 11,216 Mando Corp. 828 189,818 MegaStudy Co., Ltd. 162 4,371 * Melfas, Inc. 2,479 10,033 Meritz Financial Group, Inc. 7,307 99,248 Meritz Fire & Marine Insurance Co., Ltd. 10,266 216,903 Meritz Securities Co., Ltd. 36,213 168,559 Mi Chang Oil Industrial Co., Ltd. 239 19,134 Mirae Asset Life Insurance Co., Ltd. 17,478 82,032 MK Electron Co., Ltd. 2,558 25,586 * MNTech Co., Ltd. 3,037 19,228 Mobase Co., Ltd. 1,893 13,405 Moorim P&P Co., Ltd. 1,906 7,990 Muhak Co., Ltd. 2,034 41,248 Namhae Chemical Corp. 5,124 44,684 * Namsun Aluminum Co., Ltd. 20,720 22,687 Namyang Dairy Products Co., Ltd. 64 41,864 * Neowiz 2,253 24,259 Nexen Corp. 2,860 22,565 Nexen Tire Corp. 6,092 72,413 NH Investment & Securities Co., Ltd. 26,389 333,794 NICE Holdings Co., Ltd. 2,721 40,248 #* NK Co., Ltd. 18,343 17,704 Nong Shim Holdings Co., Ltd. 286 27,980 * Nong Woo Bio Co., Ltd. 1,968 25,946 NOROO Paint & Coatings Co., Ltd. 2,353 18,373 NS Shopping Co., Ltd. 1,930 28,800 OCI Co., Ltd. 3,119 257,265 * Pan Ocean Co., Ltd. 12,173 63,381 # Paradise Co., Ltd. 7,661 90,951 Partron Co., Ltd. 3,821 28,990 #* Paru Co., Ltd. 6,180 36,295 Poongsan Corp. 3,816 169,420 POSCO Chemtech Co., Ltd. 2,120 39,680 POSCO Coated & Color Steel Co., Ltd. 534 15,244 Posco Daewoo Corp. 4,008 84,164 * Power Logics Co., Ltd. 6,041 25,252 Protec Co., Ltd. 2,493 34,828 Pyeong Hwa Automotive Co., Ltd. 2,380 30,509 * RFTech Co., Ltd. 2,522 12,195 * S&T Dynamics Co., Ltd. 4,103 34,113 S&T Holdings Co., Ltd. 1,872 27,623 S&T Motiv Co., Ltd. 1,605 76,208 S-Energy Co., Ltd. 2,950 24,072 * S-MAC Co., Ltd. 21,292 17,962 Sajo Industries Co., Ltd. 398 27,209 * Samho International Co., Ltd. 670 12,060 SAMHWA Paints Industrial Co., Ltd. 1,801 14,183 Samick Musical Instruments Co., Ltd. 8,471 14,681 #* Samji Electronics Co., Ltd. 2,577 19,064 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Samkwang Glass 274 $ 13,838 Sammok S-Form Co., Ltd. 1,638 20,103 * SAMPYO Cement Co., Ltd. 3,745 12,918 Samsung Card Co., Ltd. 5,178 183,625 Samsung Securities Co., Ltd. 12,404 449,624 SAMT Co., Ltd. 8,669 17,366 Samyang Corp. 557 50,547 Samyang Holdings Corp. 821 84,388 Samyang Tongsang Co., Ltd. 466 20,647 Sangsin Brake 2,584 15,909 SBS Contents Hub Co., Ltd. 1,389 11,308 SBS Media Holdings Co., Ltd. 7,692 20,867 Seah Besteel Corp. 2,858 88,977 SeAH Holdings Corp. 197 28,352 SeAH Steel Corp. 584 50,737 Sebang Co., Ltd. 2,364 31,378 Sebang Global Battery Co., Ltd. 1,555 53,870 Sebo Manufacturing Engineer Corp. 1,650 20,583 Sejong Industrial Co., Ltd. 985 7,526 Sekonix Co., Ltd. 2,060 29,338 Sempio Co. 717 23,221 Sempio Foods Co. 7 241 Seohan Co., Ltd. 8,165 18,362 Seohee Construction Co., Ltd. 28,436 31,913 Seoul Semiconductor Co., Ltd. 4,401 81,769 SEOWONINTECH Co., Ltd. 2,304 25,025 Seoyon Co., Ltd. 1,670 14,706 Seoyon E-Hwa Co., Ltd. 2,160 25,967 * Sewon Cellontech Co., Ltd. 4,905 11,660 * SFA Semicon Co, Ltd. 10,919 29,253 * SG&G Corp. 5,902 20,148 * Shin Poong Pharmaceutical Co., Ltd. 5,587 29,546 Shinsegae Engineering & Construction Co., Ltd. 576 16,647 Shinsegae Information & Communication Co., Ltd. 224 16,504 Shinsegae International, Inc. 567 34,307 Shinsegae, Inc. 1,285 273,084 * Shinsung Tongsang Co., Ltd. 10,979 9,745 Shinwha Intertek Corp. 5,026 13,979 * Shinwon Corp. 5,469 9,341 * Signetics Corp. 17,512 21,679 Silicon Works Co., Ltd. 1,092 34,752 SIMPAC, Inc. 4,120 17,050 SK Gas, Ltd. 881 90,530 SK Networks Co., Ltd. 21,936 124,090 * SK Securities Co., Ltd. 52,446 60,703 SKC Co., Ltd. 4,427 143,297 SL Corp. 2,270 45,114 SMEC Co., Ltd. 3,430 11,978 Songwon Industrial Co., Ltd. 2,765 50,413 SPG Co., Ltd. 1,805 11,529 Spigen Korea Co., Ltd. 433 15,474 Ssangyong Cement Industrial Co., Ltd. 4,579 58,678 * Ssangyong Information & Communication 716 1,350 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) * Ssangyong Motor Co. 6,329 $ 35,275 Sunchang Corp. 2,242 19,861 Sung Bo Chemicals Co., Ltd. 3,534 21,066 Sung Kwang Bend Co., Ltd. 2,928 25,883 Sungchang Enterprise Holdings, Ltd. 7,035 18,178 Sungdo Engineering & Construction Co., Ltd. 4,138 24,776 * Sungshin Cement Co., Ltd. 2,254 14,910 Sungwoo Hitech Co., Ltd. 7,474 47,675 Taekwang Industrial Co., Ltd. 80 88,272 * Taewoong Co., Ltd. 2,295 46,825 * Taeyoung Engineering & Construction Co., Ltd. 7,728 63,658 * Taihan Textile Co., Ltd. 136 10,240 Tailim Packaging Co., Ltd. 6,164 14,157 * TBH Global Co., Ltd. 2,501 23,886 * Thinkware Systems Corp. 1,985 20,301 * TK Chemical Corp. 7,026 13,921 TK Corp. 2,371 20,354 # Tong Yang Moolsan Co., Ltd. 10,050 16,842 Tongyang Life Insurance Co., Ltd. 6,508 56,596 Tongyang, Inc. 37,837 75,483 Top Engineering Co., Ltd. 3,622 21,974 Tovis Co., Ltd. 3,257 26,072 TS Corp. 620 14,594 Ubiquoss Holdings, Inc. 1,614 9,264 * Ubiquoss, Inc. 515 9,221 Uju Electronics Co., Ltd. 841 11,117 Unid Co., Ltd. 1,325 60,439 Whanin Pharmaceutical Co., Ltd. 1,747 30,820 #* WillBes & Co. (The) 9,359 17,470 * Wonik Holdings Co., Ltd. 9,905 75,998 * Woongjin Co., Ltd. 12,662 25,464 * Woongjin Thinkbig Co., Ltd. 5,132 32,776 Y G-1 Co., Ltd. 3,685 38,355 * YeaRimDang Publishing Co., Ltd. 4,964 42,941 YESCO Co., Ltd. 680 23,276 Yoosung Enterprise Co., Ltd. 3,930 14,326 YooSung T&S Co., Ltd. 2,232 8,497 Youlchon Chemical Co., Ltd. 2,408 29,803 Young Poong Corp. 81 89,614 Youngone Holdings Co., Ltd. 1,092 52,475 * Yuanta Securities Korea Co., Ltd. 16,913 58,657 Zeus Co., Ltd. 1,279 19,551 ----------- TOTAL SOUTH KOREA 21,795,798 ----------- SPAIN -- (1.6%) Acciona SA 5,919 505,953 Acerinox SA 21,943 281,706 Adveo Group International SA 2,813 10,465 Almirall SA 10,222 98,868 Applus Services SA 14,704 189,384 Azkoyen SA 1,280 11,678 Banco de Sabadell SA 912,089 2,036,806 Bankia SA 5,345 27,017 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SPAIN -- (Continued) Bankinter SA 4,654 $ 45,295 * Baron de Ley 359 45,647 Construcciones y Auxiliar de Ferrocarriles SA 2,720 120,945 * Deoleo SA 72,355 17,510 Ebro Foods SA 10,660 255,167 * eDreams ODIGEO SA 16,683 58,072 Elecnor SA 6,480 89,300 Enagas SA 7,387 208,779 Ence Energia y Celulosa SA 28,711 122,357 Ercros SA 22,936 83,333 Euskaltel SA 12,893 131,826 Fluidra SA 8,053 70,754 Grupo Catalana Occidente SA 5,810 258,464 Iberpapel Gestion SA 1,348 44,779 * Indra Sistemas SA 769 11,896 * Liberbank SA 73,128 84,232 Mapfre SA 181,725 676,893 Melia Hotels International SA 15,823 245,258 Miquel y Costas & Miquel SA 2,200 81,427 NH Hotel Group SA 39,185 261,061 Obrascon Huarte Lain SA 24,022 100,873 Papeles y Cartones de Europa SA 8,250 72,383 Prim SA 827 10,787 Prosegur Cia de Seguridad SA 11,481 78,471 * Quabit Inmobiliaria SA(BYYTT70) 9,027 18,628 Quabit Inmobiliaria SA(BYVXB02) 451 935 * Sacyr SA 76,344 203,717 Saeta Yield SA 6,493 74,504 Talgo SA 4,119 23,806 * Tubacex SA 23,482 91,908 #* Tubos Reunidos SA 28,263 35,919 * Vocento SA 20,755 38,645 ---------- TOTAL SPAIN 6,825,448 ---------- SWEDEN -- (1.7%) AAK AB 2,826 208,886 Acando AB 13,144 44,283 AddNode Group AB 1,736 15,478 AF AB Class B 7,128 156,134 Alimak Group AB 3,262 56,554 Attendo AB 3,961 49,832 * BE Group AB 1,919 13,899 Beijer Alma AB 2,676 78,155 * Beijer Electronics Group AB 915 5,021 Beijer Ref AB 4,230 127,074 Bergman & Beving AB 4,158 51,514 Betsson AB 13,754 132,272 Bilia AB Class A 11,186 108,071 BillerudKorsnas AB 23,421 370,342 Biotage AB 4,842 34,907 Bjorn Borg AB 2,840 11,785 Bonava AB 1,883 32,727 Bonava AB Class B 6,493 113,617 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWEDEN -- (Continued) Bulten AB 3,216 $ 49,000 Byggmax Group AB 8,853 71,556 Cavotec SA 6,627 25,369 Clas Ohlson AB Class B 1,503 30,898 Cloetta AB Class B 38,541 137,930 * Collector AB 1,898 22,604 Com Hem Holding AB 14,358 209,690 Concordia Maritime AB Class B 6,501 10,627 Doro AB 2,061 12,888 Duni AB 5,305 76,887 Dustin Group AB 6,179 51,829 Elanders AB Class B 2,131 25,396 * Eltel AB 19,562 62,222 Enea AB 1,237 11,818 Getinge AB Class B 16,521 286,786 Granges AB 11,282 124,709 Gunnebo AB 4,292 22,851 * Haldex AB 8,793 117,368 Hexpol AB 3,973 40,636 HIQ International AB 2,039 13,633 Holmen AB Class B 9,932 448,584 Inwido AB 7,483 94,073 JM AB 7,803 273,878 KappAhl AB 8,780 49,950 KNOW IT AB 3,970 63,993 Lindab International AB 11,150 117,245 Loomis AB Class B 7,665 284,771 * Medivir AB Class B 5,045 41,836 Mekonomen AB 3,222 67,852 Modern Times Group MTG AB Class B 5,479 190,417 * Momentum Group AB Class B 4,158 42,874 MQ Holding AB 3,386 13,247 NCC AB Class B 6,493 168,946 Nederman Holding AB 741 21,136 * Net Insight AB Class B 22,012 14,454 New Wave Group AB Class B 8,555 59,598 Nobia AB 11,628 119,384 Nobina AB 6,412 31,605 Nolato AB Class B 2,774 121,819 Opus Group AB 30,523 26,639 Peab AB 21,686 254,556 Pricer AB Class B 29,801 35,996 Proact IT Group AB 314 8,030 * Qliro Group AB 20,496 42,173 Ratos AB Class B 31,228 149,181 Recipharm AB Class B 5,393 64,785 Rezidor Hotel Group AB 11,618 44,774 Rottneros AB 11,881 10,667 Saab AB Class B 1,847 85,700 * SAS AB 13,176 31,494 Scandi Standard AB 5,752 41,133 Scandic Hotels Group AB 5,542 77,054 Semcon AB 2,598 17,203 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) SkiStar AB 2,475 $ 55,033 * SSAB AB Class A 29,202 147,541 * SSAB AB Class B(BPRBWM6) 38,696 160,396 * SSAB AB Class B(B17H3F6) 68,427 282,546 Sweco AB Class B 2,610 63,744 Swedol AB Class B 4,974 17,813 Systemair AB 2,368 40,193 Tele2 AB Class B 6,221 74,041 Thule Group AB 10,341 201,244 Transcom Worldwide AB 2,887 31,288 VBG Group AB Class B 781 13,158 ---------- TOTAL SWEDEN 7,217,292 ---------- SWITZERLAND -- (3.2%) Allreal Holding AG 2,159 392,568 * Alpiq Holding AG 471 39,940 ALSO Holding AG 633 82,778 * Arbonia AG 4,596 87,445 Aryzta AG 9,757 313,540 Baloise Holding AG 6,402 1,028,584 Bank Cler AG 772 34,688 Banque Cantonale de Geneve 290 47,844 Banque Cantonale Vaudoise 391 282,888 Bell Food Group AG 140 64,425 Bellevue Group AG 1,424 28,487 Berner Kantonalbank AG 564 106,824 Bobst Group SA 1,584 176,356 Bucher Industries AG 830 276,762 Calida Holding AG 590 23,727 Carlo Gavazzi Holding AG 56 20,441 Cembra Money Bank AG 3,124 280,239 Cham Paper Holding AG 85 34,800 * Cicor Technologies, Ltd. 389 20,436 Cie Financiere Tradition SA 318 29,220 Clariant AG 30,288 703,818 Conzzeta AG 201 210,345 DKSH Holding AG 2,728 214,675 * Dufry AG 4,813 766,738 EFG International AG 14,224 105,619 Emmi AG 296 208,545 Energiedienst Holding AG 2,240 61,159 * Evolva Holding SA 38,072 18,114 Feintool International Holding AG 230 28,089 Flughafen Zurich AG 2,665 679,678 GAM Holding AG 24,058 379,299 Gurit Holding AG 73 87,716 Helvetia Holding AG 1,207 674,623 HOCHDORF Holding AG 88 26,387 Huber & Suhner AG 1,240 88,371 Hypothekarbank Lenzburg AG 7 32,864 Implenia AG 1,931 142,807 Jungfraubahn Holding AG 535 63,084 Komax Holding AG 467 136,411 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) Kudelski SA 5,256 $ 83,684 * Lastminute.com NV 1,019 12,646 Liechtensteinische Landesbank AG 1,644 83,134 Luzerner Kantonalbank AG 390 175,368 MCH Group AG 389 30,893 Metall Zug AG Class B 30 125,530 Mobimo Holding AG 976 278,617 OC Oerlikon Corp. AG 21,016 307,484 * Orascom Development Holding AG 1,150 8,004 Orell Fuessli Holding AG 25 3,320 Orior AG 788 58,747 Phoenix Mecano AG 76 44,214 Plazza AG Class A 166 39,471 Rieter Holding AG 445 103,059 Romande Energie Holding SA 55 74,220 * Schmolz + Bickenbach AG 73,016 67,128 Schweiter Technologies AG 125 164,514 SFS Group AG 2,136 242,990 Siegfried Holding AG 505 146,859 St Galler Kantonalbank AG 325 144,766 Sulzer AG 1,725 193,526 Sunrise Communications Group AG 3,851 303,705 Swiss Life Holding AG 4,696 1,713,817 Swissquote Group Holding SA 1,337 38,506 Tamedia AG 380 58,559 Thurgauer Kantonalbank 257 26,763 Valiant Holding AG 2,582 304,358 Valora Holding AG 475 157,674 Vaudoise Assurances Holding SA 165 91,790 Vetropack Holding AG 32 67,570 Vontobel Holding AG 2,935 195,250 VP Bank AG 380 47,859 Walliser Kantonalbank 1,015 99,974 Zehnder Group AG 1,438 50,481 Zug Estates Holding AG Class B 31 59,349 Zuger Kantonalbank AG 19 105,021 ----------- TOTAL SWITZERLAND 13,709,184 ----------- TAIWAN -- (4.5%) Ability Enterprise Co., Ltd. 49,790 31,167 AcBel Polytech, Inc. 69,000 53,113 # Acer, Inc. 499,000 245,204 ACES Electronic Co., Ltd. 18,000 16,670 Achem Technology Corp. 40,000 13,514 Acter Co., Ltd. 7,000 45,066 * Advanced Connectek, Inc. 50,000 17,210 Advanced International Multitech Co., Ltd. 32,000 37,453 * Advanced Lithium Electrochemistry Cayman Co., Ltd. 18,000 12,931 Advancetek Enterprise Co., Ltd. 20,000 13,807 * AGV Products Corp. 64,960 16,715 Alchip Technologies, Ltd. 10,000 26,409 Alpha Networks, Inc. 54,000 44,157 Altek Corp. 56,000 48,800 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TAIWAN -- (Continued) Ambassador Hotel (The) 32,000 $ 24,743 AMPOC Far-East Co., Ltd. 23,000 19,082 Apacer Technology, Inc. 19,000 25,517 APCB, Inc. 39,000 40,740 Apex International Co., Ltd. 29,928 25,477 Arcadyan Technology Corp. 21,000 32,726 Ardentec Corp. 68,430 63,365 Asia Cement Corp. 337,000 297,842 Asia Optical Co., Inc. 52,000 122,391 Asia Plastic Recycling Holding, Ltd. 33,660 15,440 Asia Vital Components Co., Ltd. 57,000 49,950 Audix Corp. 16,000 20,444 AVY Precision Technology, Inc. 14,000 24,845 Bank of Kaohsiung Co., Ltd. 69,432 23,568 BenQ Materials Corp. 41,000 22,400 BES Engineering Corp. 225,000 48,532 Capital Futures Corp. 15,000 18,404 Capital Securities Corp. 315,000 103,582 Career Technology MFG. Co., Ltd. 66,000 43,854 Casetek Holdings, Ltd. 22,000 69,493 Cathay Real Estate Development Co., Ltd. 103,600 59,518 Chailease Holding Co., Ltd. 35,000 100,617 * Champion Building Materials Co., Ltd. 77,000 18,824 Chang Wah Electromaterials, Inc. 4,000 18,222 Channel Well Technology Co., Ltd. 13,000 11,345 CHC Healthcare Group 9,000 12,326 Cheng Loong Corp. 153,000 80,313 Cheng Uei Precision Industry Co., Ltd. 67,000 90,876 Chilisin Electronics Corp. 9,360 23,389 #* Chimei Materials Technology Corp. 41,000 18,375 Chin-Poon Industrial Co., Ltd. 51,000 100,684 China Airlines, Ltd. 462,000 141,980 China Bills Finance Corp. 192,000 95,056 China Chemical & Pharmaceutical Co., Ltd. 31,000 18,382 * China Electric Manufacturing Corp. 61,000 16,135 China General Plastics Corp. 54,631 52,389 China Life Insurance Co., Ltd. 142,240 150,497 China Metal Products 53,000 53,445 China Steel Structure Co., Ltd. 24,000 16,295 China Synthetic Rubber Corp. 82,000 92,773 China Wire & Cable Co., Ltd. 26,000 22,368 Chinese Maritime Transport, Ltd. 17,710 15,957 Chipbond Technology Corp. 88,000 144,954 ChipMOS TECHNOLOGIES, Inc. 42,000 41,279 Chong Hong Construction Co., Ltd. 17,000 40,365 Chun Yuan Steel 104,000 39,431 * Chung Hung Steel Corp. 97,000 32,613 Chung Hwa Pulp Corp. 55,015 18,487 Chung-Hsin Electric & Machinery Manufacturing Corp. 66,000 46,322 Chyang Sheng Dyeing & Finishing Co., Ltd. 13,000 10,339 Clevo Co. 94,000 84,004 * CMC Magnetics Corp. 321,000 41,214 Coland Holdings, Ltd. 14,000 18,591 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TAIWAN -- (Continued) Compal Electronics, Inc. 706,000 $468,885 Compeq Manufacturing Co., Ltd. 164,000 151,186 Concord Securities Co., Ltd. 49,000 10,694 Continental Holdings Corp. 45,000 17,139 Contrel Technology Co., Ltd. 15,000 9,652 Coretronic Corp. 75,000 94,880 Coxon Precise Industrial Co., Ltd. 15,000 13,816 * CSBC Corp. Taiwan 61,000 26,466 CviLux Corp. 17,000 18,188 CyberTAN Technology, Inc. 49,000 32,840 D-Link Corp. 95,000 35,043 DA CIN Construction Co., Ltd. 37,000 21,624 * Danen Technology Corp. 74,000 15,781 Darfon Electronics Corp. 31,000 26,322 Darwin Precisions Corp. 50,000 21,031 Depo Auto Parts Ind Co., Ltd. 14,000 38,039 Dimerco Express Corp. 19,000 13,524 * Dynamic Electronics Co., Ltd. 73,000 28,644 Dynapack International Technology Corp. 32,000 41,516 # E Ink Holdings, Inc. 141,000 150,744 Edimax Technology Co., Ltd. 60,000 20,357 Edom Technology Co., Ltd. 21,000 11,336 Elite Semiconductor Memory Technology, Inc. 50,000 59,038 * Elitegroup Computer Systems Co., Ltd. 67,000 43,789 ENG Electric Co., Ltd. 38,000 20,133 EnTie Commercial Bank Co., Ltd. 110,000 46,619 * Epistar Corp. 187,000 178,758 Eson Precision Ind. Co., Ltd. 15,000 23,474 Eva Airways Corp. 292,400 141,696 Everest Textile Co., Ltd. 65,000 34,559 Evergreen International Storage & Transport Corp. 93,000 43,117 * Evergreen Marine Corp. Taiwan, Ltd. 235,000 128,776 Everlight Chemical Industrial Corp. 81,450 48,139 Everlight Electronics Co., Ltd. 54,000 82,141 Excelsior Medical Co., Ltd. 15,000 23,867 Far Eastern Department Stores, Ltd. 179,000 89,228 Far Eastern International Bank 401,060 132,295 Faraday Technology Corp. 29,000 39,746 Farglory Land Development Co., Ltd. 67,000 83,883 Federal Corp. 75,480 35,530 Feedback Technology Corp. 12,000 26,647 Feng Hsin Steel Co., Ltd. 33,000 56,511 First Hotel 24,656 13,715 First Insurance Co., Ltd. (The) 37,000 16,908 * First Steamship Co., Ltd. 123,676 37,636 FLEXium Interconnect, Inc. 12,598 58,827 # FocalTech Systems Co., Ltd. 46,000 60,086 Forest Water Environment Engineering Co., Ltd. 11,000 21,825 Formosa Advanced Technologies Co., Ltd. 26,000 24,179 Formosa Laboratories, Inc. 9,000 23,892 Formosan Rubber Group, Inc. 76,500 38,106 Formosan Union Chemical 33,000 21,795 Fortune Electric Co., Ltd. 33,000 18,944 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TAIWAN -- (Continued) Founding Construction & Development Co., Ltd. 24,000 $ 12,558 Fulgent Sun International Holding Co., Ltd. 13,292 37,664 Fulltech Fiber Glass Corp. 72,000 34,439 Gallant Precision Machining Co., Ltd. 37,000 28,390 Gemtek Technology Corp. 63,000 54,686 Getac Technology Corp. 60,000 75,887 Giantplus Technology Co., Ltd. 40,000 25,007 Gigabyte Technology Co., Ltd. 96,000 122,675 * Gigastorage Corp. 59,000 33,889 #* Gintech Energy Corp. 78,304 42,789 * Global Brands Manufacture, Ltd. 72,000 26,730 Global Lighting Technologies, Inc. 10,000 15,626 Global Mixed Mode Technology, Inc. 10,000 22,266 Globe Union Industrial Corp. 27,000 20,220 Gloria Material Technology Corp. 74,880 49,959 * GlycoNex, Inc. 13,000 11,848 * Gold Circuit Electronics, Ltd. 86,000 29,045 * Goldsun Building Materials Co., Ltd. 253,000 78,662 Grand Ocean Retail Group, Ltd. 18,000 13,956 Grand Pacific Petrochemical 145,000 104,791 Great China Metal Industry 26,000 21,914 Great Wall Enterprise Co., Ltd. 84,000 91,130 Greatek Electronics, Inc. 39,000 66,099 Green Seal Holding, Ltd. 6,000 17,576 GTM Holdings Corp. 20,000 11,447 Hannstar Board Corp. 73,000 35,605 #* HannStar Display Corp. 509,000 153,797 * HannsTouch Solution, Inc. 69,000 23,179 Hanpin Electron Co., Ltd. 9,000 11,547 Hey Song Corp. 47,000 49,419 Highwealth Construction Corp. 89,000 147,355 Hiroca Holdings, Ltd. 7,000 24,927 Hitron Technology, Inc. 39,000 25,493 * Ho Tung Chemical Corp. 149,350 40,964 * Hocheng Corp. 56,000 16,933 Holy Stone Enterprise Co., Ltd. 29,000 35,491 Hong Pu Real Estate Development Co., Ltd. 47,000 36,344 Hong YI Fiber Industry Co. 30,000 21,758 * Horizon Securities Co., Ltd. 56,000 12,141 Hsin Kuang Steel Co., Ltd. 44,000 44,058 Huaku Development Co., Ltd. 49,000 103,679 Huang Hsiang Construction Corp. 17,000 20,630 Hung Ching Development & Construction Co., Ltd. 18,000 11,664 Hung Sheng Construction, Ltd. 89,000 57,925 Hwa Fong Rubber Co., Ltd. 40,800 15,001 I-Sheng Electric Wire & Cable Co., Ltd. 17,000 24,286 * Ichia Technologies, Inc. 47,000 29,491 Inventec Corp. 275,000 219,676 ITEQ Corp. 27,000 41,076 Jarllytec Co., Ltd. 6,000 12,013 Jentech Precision Industrial Co., Ltd. 5,000 12,700 Jess-Link Products Co., Ltd. 23,000 22,047 Jih Sun Financial Holdings Co., Ltd. 266,407 62,555 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TAIWAN -- (Continued) Johnson Health Tech Co., Ltd. 9,000 $ 10,954 K Laser Technology, Inc. 43,000 21,586 KEE TAI Properties Co., Ltd. 104,000 34,438 Kenmec Mechanical Engineering Co., Ltd. 53,000 17,006 Kindom Construction Corp. 48,000 28,933 King Chou Marine Technology Co., Ltd. 10,200 11,631 King Yuan Electronics Co., Ltd. 169,000 168,314 King's Town Bank Co., Ltd. 146,000 150,874 * King's Town Construction Co., Ltd. 27,000 21,369 * Kinko Optical Co., Ltd. 32,000 35,957 Kinpo Electronics 201,000 73,583 Kinsus Interconnect Technology Corp. 44,000 118,594 KS Terminals, Inc. 18,000 33,453 * Kung Sing Engineering Corp. 35,000 12,171 Kuo Toong International Co., Ltd. 25,200 17,063 Kuoyang Construction Co., Ltd. 68,000 31,419 Kwong Fong Industries Corp. 17,160 13,154 Kwong Lung Enterprise Co., Ltd. 10,000 14,914 L&K Engineering Co., Ltd. 21,000 25,366 * LAN FA Textile 36,000 10,103 Lanner Electronics, Inc. 15,000 21,223 LCY Chemical Corp. 58,000 84,167 * Lealea Enterprise Co., Ltd. 104,000 37,553 Leofoo Development Co., Ltd. 69,000 18,870 * Lextar Electronics Corp. 51,000 29,731 * Li Peng Enterprise Co., Ltd. 113,000 31,695 Lien Hwa Industrial Corp. 91,900 85,521 Lingsen Precision Industries, Ltd. 45,000 21,882 Lite-On Semiconductor Corp. 28,000 27,707 Long Bon International Co., Ltd. 39,000 20,470 # Long Chen Paper Co., Ltd. 102,256 128,695 Longwell Co. 19,000 23,901 Lotes Co., Ltd. 12,000 69,381 Lucky Cement Corp. 37,000 10,881 Lumax International Corp., Ltd. 13,000 22,937 Macroblock, Inc. 6,000 15,094 * Macronix International 70,000 38,163 Marketech International Corp. 18,000 22,991 Masterlink Securities Corp. 177,305 47,500 Mercuries & Associates Holding, Ltd. 77,400 58,164 * Mercuries Life Insurance Co., Ltd. 133,836 70,028 MIN AIK Technology Co., Ltd. 40,000 40,270 #* Motech Industries, Inc. 67,059 53,923 MPI Corp. 9,000 27,399 Nan Ya Printed Circuit Board Corp. 47,000 36,807 Nantex Industry Co., Ltd. 32,550 23,992 * Neo Solar Power Corp. 136,071 62,844 Nichidenbo Corp. 21,000 19,117 Nien Hsing Textile Co., Ltd. 46,000 34,354 * Ocean Plastics Co., Ltd. 25,000 21,861 OptoTech Corp. 66,000 35,590 * Orient Semiconductor Electronics, Ltd. 93,000 27,062 Oriental Union Chemical Corp. 83,000 77,178 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) Pacific Construction Co. 25,000 $ 8,700 Pan Jit International, Inc. 53,000 33,319 * Phihong Technology Co., Ltd. 49,259 19,817 Portwell, Inc. 19,000 30,819 * President Securities Corp. 127,869 59,284 Prince Housing & Development Corp. 214,000 77,238 Promate Electronic Co., Ltd. 21,000 19,891 Qisda Corp. 248,000 196,173 Qualipoly Chemical Corp. 18,000 17,736 Quintain Steel Co., Ltd. 62,000 18,217 Radiant Opto-Electronics Corp. 69,000 163,911 * Radium Life Tech Co., Ltd. 130,000 57,044 Rechi Precision Co., Ltd. 25,000 26,214 Rich Development Co., Ltd. 92,000 29,544 * Ritek Corp. 304,954 51,466 * Rotam Global Agrosciences, Ltd. 10,000 10,809 Sampo Corp. 61,000 30,490 San Fang Chemical Industry Co., Ltd. 11,000 13,042 Sanyang Motor Co., Ltd. 66,000 45,752 SDI Corp. 12,000 25,279 Sesoda Corp. 28,665 26,941 Shan-Loong Transportation Co., Ltd. 16,000 17,994 Sharehope Medicine Co., Ltd. 14,000 17,610 ShenMao Technology, Inc. 20,000 19,160 * Shih Wei Navigation Co., Ltd. 42,000 12,307 Shin Kong Financial Holding Co., Ltd. 1,370,000 366,233 Shin Zu Shing Co., Ltd. 23,000 70,200 * Shining Building Business Co., Ltd. 96,600 32,786 Shinkong Insurance Co., Ltd. 36,000 30,406 Shinkong Synthetic Fibers Corp. 208,000 63,175 Sigurd Microelectronics Corp. 64,000 59,532 Simplo Technology Co., Ltd. 39,000 123,897 Sincere Navigation Corp. 61,000 40,487 Sinher Technology, Inc. 6,000 10,556 Sino-American Silicon Products, Inc. 72,000 144,414 Sinon Corp. 72,000 35,519 SinoPac Financial Holdings Co., Ltd. 637,000 199,732 Sinphar Pharmaceutical Co., Ltd. 17,680 12,907 Sirtec International Co., Ltd. 21,000 31,077 Siward Crystal Technology Co., Ltd. 49,000 33,510 * Solar Applied Materials Technology Co. 48,000 20,883 * Solartech Energy Corp. 57,000 26,424 Solteam Electronics Co., Ltd. 8,000 10,694 Southeast Cement Co., Ltd. 40,000 20,208 Standard Chemical & Pharmaceutical Co., Ltd. 12,000 13,352 Stark Technology, Inc. 16,000 15,554 Sunko INK Co., Ltd. 36,000 15,900 Sunonwealth Electric Machine Industry Co., Ltd. 21,000 29,658 Sunrex Technology Corp. 43,495 29,301 Sunspring Metal Corp. 13,000 17,722 Supreme Electronics Co., Ltd. 52,244 51,367 Swancor Holding Co., Ltd. 11,000 31,245 Syncmold Enterprise Corp. 12,000 25,957 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TAIWAN -- (Continued) Sysage Technology Co., Ltd. 22,000 $ 22,770 * Sysgration 67,000 20,437 Systex Corp. 24,000 45,669 T3EX Global Holdings Corp. 18,000 12,761 TA Chen Stainless Pipe 114,200 65,614 * Ta Ya Electric Wire & Cable 80,000 17,699 TA-I Technology Co., Ltd. 26,448 21,643 Tah Hsin Industrial Corp. 15,000 12,597 * Tai Tung Communication Co., Ltd. 27,000 21,971 Taichung Commercial Bank Co., Ltd. 371,471 127,954 Taiflex Scientific Co., Ltd. 23,460 34,465 Tainan Enterprises Co., Ltd. 18,000 14,754 Tainan Spinning Co., Ltd. 194,000 84,763 * Tainergy Tech Co., Ltd. 55,000 22,404 * Taisun Enterprise Co., Ltd. 31,000 21,509 Taiwan Business Bank 773,850 219,623 Taiwan Chinsan Electronic Industrial Co., Ltd. 12,000 20,696 Taiwan Cogeneration Corp. 34,000 26,685 Taiwan Fertilizer Co., Ltd. 134,000 181,959 Taiwan Fire & Marine Insurance Co., Ltd. 30,000 18,928 Taiwan FU Hsing Industrial Co., Ltd. 24,000 29,316 * Taiwan Glass Industry Corp. 149,968 76,742 Taiwan Hon Chuan Enterprise Co., Ltd. 49,000 88,601 Taiwan Hopax Chemicals Manufacturing Co., Ltd. 38,000 21,454 Taiwan Land Development Corp. 129,466 45,018 Taiwan Line Tek Electronic 26,000 21,866 Taiwan Navigation Co., Ltd. 35,000 15,996 Taiwan PCB Techvest Co., Ltd. 48,000 46,935 * Taiwan Prosperity Chemical Corp. 16,000 10,524 * Taiwan Pulp & Paper Corp. 49,000 30,111 Taiwan Sakura Corp. 16,000 19,273 Taiwan Semiconductor Co., Ltd. 18,000 24,375 Taiwan Shin Kong Security Co., Ltd. 26,000 32,676 Taiwan Styrene Monomer 74,000 51,080 Taiwan Surface Mounting Technology Corp. 38,000 31,139 Taiwan TEA Corp. 133,000 71,345 Taiwan Union Technology Corp. 7,000 15,063 Taiyen Biotech Co., Ltd. 28,000 27,818 * Tatung Co., Ltd. 378,000 158,942 Teco Electric and Machinery Co., Ltd. 271,000 255,218 Test Rite International Co., Ltd. 29,000 21,416 Thinking Electronic Industrial Co., Ltd. 13,000 40,534 Thye Ming Industrial Co., Ltd. 20,000 26,063 Ton Yi Industrial Corp. 98,000 47,053 Tong Hsing Electronic Industries, Ltd. 9,000 37,241 Tong Yang Industry Co., Ltd. 60,000 111,382 Tong-Tai Machine & Tool Co., Ltd. 27,000 18,775 Topoint Technology Co., Ltd. 32,000 24,797 * TPK Holding Co., Ltd. 47,000 157,813 Tripod Technology Corp. 66,000 215,466 TrueLight Corp. 11,000 13,389 Tsann Kuen Enterprise Co., Ltd. 20,000 16,787 * TSEC Corp. 63,000 21,484 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- TAIWAN -- (Continued) TSRC Corp. 66,000 $ 74,110 Tung Ho Steel Enterprise Corp. 126,000 104,104 TXC Corp. 53,000 76,620 TYC Brother Industrial Co., Ltd. 42,000 42,907 * Tycoons Group Enterprise 100,000 18,963 Tyntek Corp. 65,000 28,075 U-Ming Marine Transport Corp. 71,000 73,810 UDE Corp. 13,000 16,062 Unimicron Technology Corp. 258,000 167,767 Union Bank Of Taiwan 234,000 69,358 * Unitech Printed Circuit Board Corp. 79,000 28,123 Unity Opto Technology Co., Ltd. 91,000 34,189 Universal Cement Corp. 69,277 51,860 * Unizyx Holding Corp. 53,000 25,187 UPC Technology Corp. 118,000 55,516 USI Corp. 130,560 64,667 Usun Technology Co., Ltd. 15,000 30,471 Ve Wong Corp. 16,000 13,008 * Wafer Works Corp. 70,133 47,652 Wah Lee Industrial Corp. 34,000 56,867 Walsin Lihwa Corp. 517,000 227,649 Walton Advanced Engineering, Inc. 55,000 23,925 Wan Hai Lines, Ltd. 104,000 59,569 Weikeng Industrial Co., Ltd. 65,254 35,663 Well Shin Technology Co., Ltd. 18,000 29,658 Winbond Electronics Corp. 418,000 252,270 Wisdom Marine Lines Co., Ltd. 44,609 42,410 Wistron Corp. 372,828 376,237 WT Microelectronics Co., Ltd. 57,750 85,544 * WUS Printed Circuit Co., Ltd. 34,000 19,932 Xxentria Technology Materials Corp. 10,000 20,833 * Yang Ming Marine Transport Corp. 100,467 44,729 YC Co., Ltd. 65,664 27,297 YC INOX Co., Ltd. 50,600 41,724 Yeong Guan Energy Technology Group Co., Ltd. 15,000 40,640 * YFY, Inc. 226,000 76,714 Yi Jinn Industrial Co., Ltd. 34,200 12,461 * Yieh Phui Enterprise Co., Ltd. 196,000 85,010 * Young Optics, Inc. 12,000 16,350 Youngtek Electronics Corp. 15,000 22,952 Yulon Motor Co., Ltd. 148,000 129,307 Yung Chi Paint & Varnish Manufacturing Co., Ltd. 13,000 35,470 Yungshin Construction & Development Co., Ltd. 24,000 22,333 Yungtay Engineering Co., Ltd. 48,000 79,459 Zenitron Corp. 27,000 16,142 Zhen Ding Technology Holding, Ltd. 53,000 123,290 Zig Sheng Industrial Co., Ltd. 79,000 23,795 Zinwell Corp. 41,000 42,468 ZongTai Real Estate Development Co., Ltd. 27,000 15,872 ----------- TOTAL TAIWAN 19,483,447 ----------- THAILAND -- (0.8%) AEON Thana Sinsap Thailand PCL 10,700 32,155 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- THAILAND -- (Continued) Amata Corp. PCL 60,100 $ 28,355 Ananda Development PCL 240,300 35,962 AP Thailand PCL 263,800 61,042 Asia Aviation PCL 203,200 38,776 Asia Plus Group Holdings PCL 204,100 22,448 Bangchak Corp. PCL 78,200 81,663 Bangkok Insurance PCL 1,100 11,471 Bangkok Land PCL 1,034,100 56,248 Bangkok Ranch PCL 100,100 21,809 Banpu PCL 251,400 123,145 Better World Green PCL 412,300 22,798 Cal-Comp Electronics Thailand PCL Class F 206,300 19,343 CH Karnchang PCL 70,300 60,209 * Country Group Development PCL 668,500 21,496 Dhipaya Insurance PCL 27,900 35,214 Eastern Water Resources Development and Management PCL Class F 105,500 40,581 Energy Earth PCL 108,300 4,752 Erawan Group PCL (The) 162,400 26,110 * Esso Thailand PCL 180,800 53,518 GFPT PCL 47,700 27,665 Golden Land Property Development PCL 125,000 27,797 Grand Canal Land PCL 244,600 16,318 Hana Microelectronics PCL 47,600 57,575 Ichitan Group PCL 48,900 11,315 * Inter Far East Energy Corp. Class F 123,100 8,601 Interlink Communication PCL 41,300 17,127 IRPC PCL 1,034,500 170,984 Italian-Thai Development PCL 294,400 34,858 Jasmine International PCL 183,600 41,381 Kang Yong Electric PCL 2,700 43,003 KGI Securities Thailand PCL 247,300 29,578 Khon Kaen Sugar Industry PCL 272,360 36,177 Kiatnakin Bank PCL 47,900 96,084 Lanna Resources PCL 28,000 10,013 LH Financial Group PCL 871,100 46,334 Loxley PCL 254,800 25,268 LPN Development PCL 76,400 26,633 Maybank Kim Eng Securities Thailand PCL 39,000 25,901 MBK PCL 102,100 46,023 * MCOT PCL 59,100 25,397 * Millcon Steel PCL 255,400 13,431 Namyong Terminal PCL 91,000 14,904 Platinum Group PCL (The) Class F 124,000 25,898 * Polyplex Thailand PCL 50,500 19,122 * Precious Shipping PCL 126,000 35,214 Property Perfect PCL 616,300 15,928 Pruksa Holding PCL 125,900 86,641 Quality Houses PCL 826,900 60,632 Ratchthani Leasing PCL 171,400 28,844 * Regional Container Lines PCL 119,500 29,986 * Rojana Industrial Park PCL 220,300 36,081 Samart Corp. PCL 59,000 25,354 Samart Telcoms PCL 33,900 13,447 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- THAILAND -- (Continued) Sansiri PCL 1,125,400 $ 70,345 SC Asset Corp PCL 339,100 33,017 Siam City Cement PCL 8,421 78,702 Siam Future Development PCL 149,500 26,507 Siamgas & Petrochemicals PCL 83,800 38,278 Somboon Advance Technology PCL 57,400 27,944 SPCG PCL 46,500 28,227 Sri Trang Agro-Industry PCL 82,400 30,458 Srithai Superware PCL 392,300 22,635 Star Petroleum Refining PCL 137,100 63,448 STP & I PCL 118,800 23,563 Supalai PCL 87,100 62,296 SVI PCL 183,400 30,588 Syntec Construction PCL 101,900 15,250 * Tata Steel Thailand PCL 594,100 15,532 * Thai Airways International PCL 118,700 66,348 Thai Metal Trade PCL 35,100 14,767 Thai Reinsurance PCL 204,300 10,621 Thai Union Group PCL Class F 37,100 22,633 Thai Wah PCL Class F 75,200 21,808 Thaicom PCL 82,200 38,535 Thanachart Capital PCL 68,400 98,150 Thoresen Thai Agencies PCL 70,000 17,880 TICON Industrial Connection PCL Class F 36,900 15,524 TIPCO Foods PCL 60,800 29,234 Tisco Financial Group PCL 29,200 64,715 TMB Bank PCL 2,256,500 160,033 TPI Polene PCL 1,203,100 81,710 Univentures PCL 68,700 16,103 Vanachai Group PCL 88,600 31,684 Vinythai PCL 88,700 55,710 WHA Corp. PCL 486,400 44,435 ---------- TOTAL THAILAND 3,383,289 ---------- TURKEY -- (0.4%) Adana Cimento Sanayii TAS Class A 12,222 23,442 #* Akenerji Elektrik Uretim A.S. 17,655 5,873 Aksa Akrilik Kimya Sanayii A.S. 6,321 25,032 Alarko Holding A.S. 14,326 23,330 Albaraka Turk Katilim Bankasi A.S. 57,942 23,725 Anadolu Anonim Turk Sigorta Sirketi 27,542 22,303 Anadolu Cam Sanayii A.S. 26,989 18,419 Anadolu Efes Biracilik Ve Malt Sanayii A.S. 12,832 75,279 * Bagfas Bandirma Gubre Fabrikalari A.S. 4,058 14,762 * Baticim Bati Anadolu Cimento Sanayii A.S. 5,521 12,915 Borusan Mannesmann Boru Sanayi ve Ticaret A.S. 9,716 24,717 Cimsa Cimento Sanayi VE Ticaret A.S. 2,753 11,782 * Dogan Sirketler Grubu Holding A.S. 200,932 47,447 * Dogus Otomotiv Servis ve Ticaret A.S. 4,377 11,945 Global Yatirim Holding A.S. 33,516 28,872 * GSD Holding AS 62,912 13,246 * Gubre Fabrikalari TAS 15,791 24,100 * Ihlas Holding A.S. 209,909 36,453 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TURKEY -- (Continued) Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. * Class A 57,107 $ 36,223 Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. * Class D 124,988 71,803 * Koza Altin Isletmeleri A.S. 3,281 30,129 * Metro Ticari ve Mali Yatirimlar Holding A.S. 50,942 18,973 * NET Holding A.S. 48,470 42,555 #* Netas Telekomunikasyon A.S. 9,271 37,035 Nuh Cimento Sanayi A.S. 8,480 25,549 * Pegasus Hava Tasimaciligi A.S. 5,481 37,563 Pinar SUT Mamulleri Sanayii A.S. 1,203 5,132 #* Sekerbank TAS 54,688 21,607 Selcuk Ecza Deposu Ticaret ve Sanayi A.S. 13,654 15,093 Soda Sanayii A.S. 31,675 51,308 Tat Gida Sanayi A.S. 8,051 16,616 Tekfen Holding A.S. 31,087 96,652 Trakya Cam Sanayii A.S. 55,134 58,318 * Turk Hava Yollari AO 87,373 219,393 Turkiye Halk Bankasi A.S. 47,349 203,145 Turkiye Sinai Kalkinma Bankasi A.S. 133,633 58,144 Turkiye Sise ve Cam Fabrikalari A.S. 102,331 130,910 Turkiye Vakiflar Bankasi TAO Class D 127,363 254,926 * Vestel Elektronik Sanayi ve Ticaret A.S. 12,862 26,323 ---------- TOTAL TURKEY 1,901,039 ---------- UNITED KINGDOM -- (10.6%) Aberdeen Asset Management P.L.C. 108,193 470,305 Acacia Mining P.L.C. 24,018 55,252 Acal P.L.C. 11,248 46,570 Aggreko P.L.C. 40,932 457,585 * Aldermore Group P.L.C. 29,125 83,372 Amec Foster Wheeler P.L.C. 46,167 270,812 Anglo-Eastern Plantations P.L.C. 2,841 31,677 Antofagasta P.L.C. 34,024 424,893 Babcock International Group P.L.C. 41,294 460,002 Barratt Developments P.L.C. 158,301 1,285,674 BBA Aviation P.L.C. 153,404 606,700 Beazley P.L.C. 96,646 653,143 Bellway P.L.C. 25,648 1,080,003 Berkeley Group Holdings P.L.C. 16,899 779,355 BGEO Group P.L.C. 5,235 238,246 Bloomsbury Publishing P.L.C. 14,501 34,383 Bodycote P.L.C. 37,611 451,515 Bovis Homes Group P.L.C. 29,331 391,575 Braemar Shipping Services P.L.C. 4,667 18,175 * BTG P.L.C. 45,510 395,631 * Cambian Group P.L.C. 20,272 52,255 Cape P.L.C. 1,400 4,828 Carillion P.L.C. 71,014 53,176 * Carpetright P.L.C. 8,520 21,941 Carr's Group P.L.C. 11,579 21,779 Castings P.L.C. 4,281 26,135 Centamin P.L.C. 187,003 410,167 Centaur Media P.L.C. 16,082 11,466 Charles Taylor P.L.C. 7,140 22,560 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) Chemring Group P.L.C. 47,895 $113,158 Chesnara P.L.C. 17,396 87,585 Cineworld Group P.L.C. 24,986 227,175 * Circassia Pharmaceuticals P.L.C. 44,336 51,823 Clarkson P.L.C. 4,274 150,855 Close Brothers Group P.L.C. 22,551 458,528 CMC Markets P.L.C. 10,847 22,684 Cobham P.L.C. 127,534 223,398 Communisis P.L.C. 36,505 22,929 Computacenter P.L.C. 11,555 134,846 Consort Medical P.L.C. 7,672 107,813 Countryside Properties P.L.C. 12,325 58,512 Countrywide P.L.C. 20,149 40,942 Cranswick P.L.C. 4,603 176,233 Crest Nicholson Holdings P.L.C. 38,453 273,029 * CYBG P.L.C. 30,427 107,179 Daily Mail & General Trust P.L.C. 23,552 198,082 Debenhams P.L.C. 183,197 103,940 DFS Furniture P.L.C. 14,356 40,185 Direct Line Insurance Group P.L.C. 75,659 373,915 Dixons Carphone P.L.C. 127,286 452,086 Drax Group P.L.C. 71,501 300,431 easyJet P.L.C. 18,895 308,184 * EI Group P.L.C. 84,511 158,717 Elementis P.L.C. 63,225 247,135 * EnQuest P.L.C. 202,539 89,909 Entertainment One, Ltd. 39,851 125,303 Essentra P.L.C. 44,114 311,308 esure Group P.L.C. 34,446 134,555 Euromoney Institutional Investor P.L.C. 4,990 72,940 Fenner P.L.C. 29,641 134,684 * Findel P.L.C. 8,017 19,160 * Firstgroup P.L.C. 208,791 318,405 * Flybe Group P.L.C. 34,686 17,151 Foxtons Group P.L.C. 40,566 48,057 Fuller Smith & Turner P.L.C. Class A 4,631 62,171 Galliford Try P.L.C. 13,842 247,518 GAME Digital P.L.C. 3,342 1,170 * Gem Diamonds, Ltd. 15,931 17,297 Genus P.L.C. 5,623 127,933 GKN P.L.C. 201,823 856,205 Grafton Group P.L.C. 35,008 354,558 Greencore Group P.L.C. 100,580 296,875 Greene King P.L.C. 51,273 463,185 * Gulf Keystone Petroleum, Ltd. 20,924 26,000 Gulf Marine Services P.L.C. 27,201 22,206 GVC Holdings P.L.C. 17,988 182,432 Gym Group P.L.C. (The) 9,102 23,248 Halfords Group P.L.C. 28,498 125,375 Harvey Nash Group P.L.C. 11,025 14,103 Headlam Group P.L.C. 12,370 95,967 Helical P.L.C. 18,458 84,213 Henry Boot P.L.C. 14,040 55,967 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) Hikma Pharmaceuticals P.L.C. 12,560 $233,800 Hiscox, Ltd. 55,044 943,043 Hochschild Mining P.L.C. 42,388 177,107 HSS Hire Group P.L.C. 9,332 6,759 * Hunting P.L.C. 25,798 159,663 Huntsworth P.L.C. 38,457 37,410 Ibstock P.L.C. 25,866 87,069 Inchcape P.L.C. 64,830 687,223 Integrated Diagnostics Holdings P.L.C. 8,959 35,420 Interserve P.L.C. 18,008 53,588 Investec P.L.C. 105,162 798,494 J Sainsbury P.L.C. 260,347 841,171 * Jackpotjoy P.L.C. 3,873 34,473 James Fisher & Sons P.L.C. 3,558 73,651 * Jimmy Choo P.L.C. 7,058 21,297 John Laing Group P.L.C. 9,383 38,727 John Wood Group P.L.C. 53,831 434,446 Johnson Matthey P.L.C. 24,288 900,178 Just Group P.L.C. 63,866 123,875 Keller Group P.L.C. 12,464 144,941 Kier Group P.L.C. 12,061 204,980 Ladbrokes Coral Group P.L.C. 163,065 272,111 Laird P.L.C. 98,298 193,958 * Lamprell P.L.C. 41,660 54,423 Lancashire Holdings, Ltd. 37,073 355,704 * Lonmin P.L.C. 32,045 34,985 Lookers P.L.C. 53,646 77,708 Low & Bonar P.L.C. 61,635 69,942 LSL Property Services P.L.C. 15,260 51,149 Man Group P.L.C. 245,622 518,540 Management Consulting Group P.L.C. 42,678 4,317 Marks & Spencer Group P.L.C. 205,740 874,419 Marshalls P.L.C. 9,425 47,707 Marston's P.L.C. 109,485 167,624 McCarthy & Stone P.L.C. 7,972 17,837 McColl's Retail Group P.L.C. 14,203 43,734 Mears Group P.L.C. 16,137 105,230 Mediclinic International P.L.C. 51,848 506,437 Meggitt P.L.C. 134,629 893,568 Melrose Industries P.L.C. 218,134 668,804 Millennium & Copthorne Hotels P.L.C. 34,874 210,566 Mitchells & Butlers P.L.C. 44,003 140,276 Mitie Group P.L.C. 46,993 165,170 MJ Gleeson P.L.C. 4,690 42,690 Morgan Sindall Group P.L.C. 5,710 103,192 * Mothercare P.L.C. 13,594 18,244 N Brown Group P.L.C. 26,229 108,020 National Express Group P.L.C. 54,562 262,260 NCC Group P.L.C. 32,242 82,412 NEX Group P.L.C. 19,298 169,706 Non-Standard Finance P.L.C. 19,917 17,869 Northgate P.L.C. 25,084 143,075 * Nostrum Oil & Gas P.L.C. 5,666 30,249 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Novae Group P.L.C. 8,294 $ 77,242 OneSavings Bank P.L.C. 16,829 87,559 Oxford Instruments P.L.C. 3,445 47,517 * Paysafe Group P.L.C. 63,708 495,854 Pearson P.L.C. 90,692 784,855 Pendragon P.L.C. 139,154 55,008 Persimmon P.L.C. 33,858 1,118,700 * Petra Diamonds, Ltd. 90,735 114,373 * Petropavlovsk P.L.C. 406,663 39,303 Pets at Home Group P.L.C. 41,462 89,016 Phoenix Group Holdings 42,804 431,077 Playtech P.L.C. 16,717 211,846 Polypipe Group P.L.C. 24,112 127,849 Porvair P.L.C. 244 1,638 * Premier Foods P.L.C. 117,242 60,730 #* Premier Oil P.L.C. 89,846 71,878 * Punch Taverns P.L.C. 5,741 13,425 PZ Cussons P.L.C. 34,180 163,738 Rank Group P.L.C. 22,809 70,441 * REA Holdings P.L.C. 3,000 12,871 Redrow P.L.C. 43,436 339,425 Renewi P.L.C. 128,560 155,945 Restaurant Group P.L.C. (The) 16,861 74,383 Royal Mail P.L.C. 125,913 669,527 RPC Group P.L.C. 44,883 530,693 RPS Group P.L.C. 38,195 137,398 RSA Insurance Group P.L.C. 35,018 301,498 S&U P.L.C. 850 21,207 Saga P.L.C. 84,285 232,120 Savills P.L.C. 14,839 178,947 SDL P.L.C. 5,466 46,384 Senior P.L.C. 67,179 220,386 Severfield P.L.C. 34,961 34,200 SIG P.L.C. 118,824 259,545 Soco International P.L.C. 31,415 50,229 Spectris P.L.C. 15,996 519,189 Speedy Hire P.L.C. 81,345 58,483 Spire Healthcare Group P.L.C. 31,053 141,252 Spirent Communications P.L.C. 84,795 132,408 * Sportech P.L.C. 20,049 26,191 * Sports Direct International P.L.C. 33,625 168,231 St. Ives P.L.C. 23,359 16,947 St. Modwen Properties P.L.C. 36,408 172,129 Stobart Group, Ltd. 39,277 142,681 Stock Spirits Group P.L.C. 15,264 32,833 Tate & Lyle P.L.C. 70,351 623,814 Taylor Wimpey P.L.C. 389,086 977,228 TP ICAP P.L.C. 73,615 472,371 Travis Perkins P.L.C. 39,504 791,200 Trifast P.L.C. 19,271 56,343 Trinity Mirror P.L.C. 55,698 76,819 TT Electronics P.L.C. 27,387 76,834 * Tullow Oil P.L.C. 218,354 485,653 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ UNITED KINGDOM -- (Continued) Tyman P.L.C. 8,046 $ 37,491 U & I Group P.L.C. 19,211 47,674 UBM P.L.C. 38,463 367,258 UDG Healthcare P.L.C. 31,707 353,997 * Vectura Group P.L.C. 97,732 147,007 Vesuvius P.L.C. 44,673 320,187 Virgin Money Holdings UK P.L.C. 57,072 214,738 Vitec Group P.L.C. (The) 2,642 35,138 * Volex P.L.C. 13,872 11,167 Volution Group P.L.C. 26,995 67,682 Vp P.L.C. 2,291 25,597 William Hill P.L.C. 86,876 287,139 WM Morrison Supermarkets P.L.C. 349,221 1,107,589 Xaar P.L.C. 8,049 44,882 ------------ TOTAL UNITED KINGDOM 45,480,634 ------------ UNITED STATES -- (0.1%) #* Janus Henderson Group P.L.C. 8,840 291,968 ------------ TOTAL COMMON STOCKS 415,943,588 ------------ PREFERRED STOCKS -- (0.7%) BRAZIL -- (0.5%) Alpargatas SA 3,700 17,667 Banco ABC Brasil SA 18,938 99,416 Banco do Estado do Rio Grande do Sul SA Class B 38,900 182,503 * Banco Pan SA 31,900 19,232 * Cia Brasileira de Distribuicao 23,354 542,968 Cia Ferro Ligas da Bahia - FERBASA 9,400 36,776 Gerdau SA 129,200 441,667 Grazziotin SA 1,600 12,478 Marcopolo SA 122,637 128,208 Randon SA Implementos e Participacoes 46,600 79,650 Suzano Papel e Celulose SA Class A 57,927 260,438 Unipar Carbocloro SA Class B 12,500 36,518 * Usinas Siderurgicas de Minas Gerais SA Class A 106,400 176,404 ------------ TOTAL BRAZIL 2,033,925 ------------ CHILE -- (0.0%) Coca-Cola Embonor SA Class B 13,197 32,394 ------------ COLOMBIA -- (0.0%) Avianca Holdings SA 61,082 54,001 Banco Davivienda SA 8,142 92,432 Grupo Argos SA 4,813 31,462 ------------ TOTAL COLOMBIA 177,895 ------------ GERMANY -- (0.2%) * Biotest AG 4,190 113,936 Draegerwerk AG & Co. KGaA 1,579 169,883 Jungheinrich AG 6,808 270,155 Sixt SE 2,861 162,496 STO SE & Co. KGaA 475 67,080 WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) Villeroy & Boch AG 1,873 $ 39,989 ------------ TOTAL GERMANY 823,539 ------------ INDIA -- (0.0%) Vedanta, Ltd. 1,236,760 15,568 ------------ TOTAL PREFERRED STOCKS 3,083,321 ------------ RIGHTS/WARRANTS -- (0.0%) BRAZIL -- (0.0%) * Banco ABC Brasil SA Rights 08/03/17 667 641 * Brasil Brokers Participacoes SA Rights 07/31/17 6,686 21 ------------ TOTAL BRAZIL 662 ------------ CHILE -- (0.0%) * Grupo Security SA Rights 08/24/17 10,682 419 ------------ FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 19,774 -- ------------ HONG KONG -- (0.0%) * Cheuk Nang Holdings, Ltd. Rights 06/21/18 1,239 168 ------------ SOUTH KOREA -- (0.0%) Ssangyong Cement Industrial Co., Ltd. Rights * 08/21/17 313 294 ------------ TAIWAN -- (0.0%) * Long Chen Paper Co., Ltd. Rights 08/14/17 1,769 264 ------------ THAILAND -- (0.0%) * MILL W4 Warrants 07/11/22 25,540 -- ------------ TOTAL RIGHTS/WARRANTS 1,807 ------------ TOTAL INVESTMENT SECURITIES 419,028,716 ------------ VALUE+ ------------ SECURITIES LENDING COLLATERAL -- (2.5%) (S)@ DFA Short Term Investment Fund 945,971 10,946,777 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $362,884,914)^^ $429,975,493 ============ WORLD EX U.S. TARGETED VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia -- $ 17,260,532 -- $ 17,260,532 Austria -- 3,548,419 -- 3,548,419 Belgium -- 4,289,281 -- 4,289,281 Brazil $ 6,376,712 -- -- 6,376,712 Canada 26,706,835 -- -- 26,706,835 Chile 1,001,925 -- -- 1,001,925 China 1,227,845 30,294,633 -- 31,522,478 Colombia 425,103 -- -- 425,103 Denmark -- 5,658,087 -- 5,658,087 Finland -- 6,235,016 -- 6,235,016 France 3,616 16,362,326 -- 16,365,942 Germany 668,920 21,314,716 -- 21,983,636 Hong Kong -- 8,619,261 -- 8,619,261 India -- 18,226,246 -- 18,226,246 Indonesia -- 3,334,304 -- 3,334,304 Ireland 2,162,709 742,826 -- 2,905,535 Israel -- 2,010,834 -- 2,010,834 Italy -- 11,298,669 -- 11,298,669 Japan -- 72,882,238 -- 72,882,238 Malaysia -- 3,699,594 -- 3,699,594 Mexico 4,016,932 -- -- 4,016,932 Netherlands 527,076 6,413,586 -- 6,940,662 New Zealand -- 1,669,953 -- 1,669,953 Norway -- 3,903,516 -- 3,903,516 Philippines -- 1,550,724 -- 1,550,724 Poland -- 1,856,981 -- 1,856,981 Portugal -- 793,779 -- 793,779 Singapore -- 3,367,053 -- 3,367,053 South Africa 1,021,856 6,383,386 -- 7,405,242 South Korea 39,366 21,756,432 -- 21,795,798 Spain -- 6,825,448 -- 6,825,448 Sweden 42,874 7,174,418 -- 7,217,292 Switzerland -- 13,709,184 -- 13,709,184 Taiwan -- 19,483,447 -- 19,483,447 Thailand 3,369,936 13,353 -- 3,383,289 Turkey -- 1,901,039 -- 1,901,039 United Kingdom -- 45,480,634 -- 45,480,634 United States -- 291,968 -- 291,968 Preferred Stocks Brazil 2,033,925 -- -- 2,033,925 Chile 32,394 -- -- 32,394 Colombia 177,895 -- -- 177,895 Germany -- 823,539 -- 823,539 India -- 15,568 -- 15,568 Rights/Warrants Brazil -- 662 -- 662 Chile -- 419 -- 419 Hong Kong -- 168 -- 168 South Korea -- 294 -- 294 Taiwan -- 264 -- 264 Securities Lending Collateral -- 10,946,777 -- 10,946,777 ----------- ------------ -- ------------ TOTAL $49,835,919 $380,139,574 -- $429,975,493 =========== ============ == ============ WORLD EX U.S. CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ---------- COMMON STOCKS -- (94.2%) AUSTRALIA -- (4.3%) # Adelaide Brighton, Ltd. 91,396 $ 411,280 AGL Energy, Ltd. 25,013 482,344 # Ainsworth Game Technology, Ltd. 44,164 85,402 ALS, Ltd. 57,069 338,836 Altium, Ltd. 17,631 123,294 # Alumina, Ltd. 579,155 879,663 # AMA Group, Ltd. 39,932 32,575 # Amaysim Australia, Ltd. 42,371 54,220 Amcor, Ltd. 45,792 562,117 Amcor, Ltd. Sponsored ADR 793 38,905 AMP, Ltd. 452,607 1,951,171 Ansell, Ltd. 43,584 765,779 # AP Eagers, Ltd. 12,095 87,912 APA Group 39,507 272,551 APN Outdoor Group, Ltd. 29,091 107,255 Appen, Ltd. 13,249 44,155 ARB Corp., Ltd. 17,599 215,743 # Ardent Leisure Group 143,479 239,821 Aristocrat Leisure, Ltd. 44,632 723,772 #* Arrium, Ltd. 483,517 7,253 Asaleo Care, Ltd. 147,446 156,975 ASX, Ltd. 6,002 251,037 * Atlas Iron, Ltd. 1,866,742 31,345 AUB Group, Ltd. 7,596 78,299 Aurizon Holdings, Ltd. 221,494 889,023 Ausdrill, Ltd. 113,665 176,913 AusNet Services 180,695 236,348 Austal, Ltd. 92,730 133,734 Australia & New Zealand Banking Group, Ltd. 168,163 3,987,001 * Australian Agricultural Co., Ltd. 134,478 178,004 Australian Finance Group, Ltd. 14,352 16,464 Australian Pharmaceutical Industries, Ltd. 92,876 130,405 # Automotive Holdings Group, Ltd. 99,461 304,739 Aveo Group 82,689 160,751 * AWE, Ltd. 168,955 64,996 Bank of Queensland, Ltd. 86,413 832,969 # Bapcor, Ltd. 21,479 97,037 Beach Energy, Ltd. 486,599 265,327 * Beadell Resources, Ltd. 345,235 51,465 # Bega Cheese, Ltd. 15,984 87,853 Bellamy's Australia, Ltd. 10,139 57,217 Bendigo & Adelaide Bank, Ltd. 120,710 1,073,699 BHP Billiton, Ltd. 362,728 7,554,324 # BHP Billiton, Ltd. Sponsored ADR 13,830 576,158 * Billabong International, Ltd. 13,571 8,686 # Blackmores, Ltd. 3,418 242,131 Blue Sky Alternative Investments, Ltd. 4,898 36,712 BlueScope Steel, Ltd. 212,219 2,235,630 Boral, Ltd. 250,261 1,386,865 Brambles, Ltd. 82,526 610,179 Breville Group, Ltd. 23,747 190,934 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Brickworks, Ltd. 19,679 $ 207,790 BT Investment Management, Ltd. 26,950 231,922 Cabcharge Australia, Ltd. 31,613 55,150 Caltex Australia, Ltd. 16,946 422,307 Capilano Honey, Ltd. 820 10,817 * Cardno, Ltd. 59,003 59,323 carsales.com, Ltd. 59,663 589,570 # Cash Converters International, Ltd. 48,880 12,903 Cedar Woods Properties, Ltd. 2,828 11,108 Challenger, Ltd. 72,059 740,544 CIMIC Group, Ltd. 13,452 446,230 Class, Ltd. 7,807 18,595 Cleanaway Waste Management, Ltd. 496,603 518,258 Coca-Cola Amatil, Ltd. 49,576 326,455 Cochlear, Ltd. 5,969 681,861 Codan, Ltd. 35,659 63,957 # Collection House, Ltd. 34,812 33,860 Collins Foods, Ltd. 38,155 182,775 # Commonwealth Bank of Australia 77,706 5,205,902 Computershare, Ltd. 52,776 593,810 * Cooper Energy, Ltd. 97,882 27,017 # Corporate Travel Management, Ltd. 19,625 350,756 Costa Group Holdings, Ltd. 16,900 64,629 # Credit Corp. Group, Ltd. 12,422 168,327 Crown Resorts, Ltd. 36,723 373,987 CSG, Ltd. 53,312 29,377 CSL, Ltd. 13,938 1,404,284 CSR, Ltd. 208,278 653,519 Data#3, Ltd. 30,955 44,010 Decmil Group, Ltd. 7,114 4,664 Dicker Data, Ltd. 7,721 16,449 # Domino's Pizza Enterprises, Ltd. 7,052 300,639 #* Doray Minerals, Ltd. 87,153 13,650 Downer EDI, Ltd. 179,271 912,503 DuluxGroup, Ltd. 109,563 577,707 DWS, Ltd. 30,140 37,449 # Eclipx Group, Ltd. 61,409 182,174 #* Elders, Ltd. 27,688 115,168 #* Energy Resources of Australia, Ltd. 27,566 12,026 ERM Power, Ltd. 46,673 46,101 Event Hospitality and Entertainment, Ltd. 36,256 381,358 Evolution Mining, Ltd. 552,913 987,957 Fairfax Media, Ltd. 610,699 483,650 #* FAR, Ltd. 418,921 25,143 FlexiGroup, Ltd. 90,375 139,586 # Flight Centre Travel Group, Ltd. 15,179 527,965 Fortescue Metals Group, Ltd. 376,432 1,730,161 # G8 Education, Ltd. 130,679 396,005 # Gateway Lifestyle 6,546 10,135 # GBST Holdings, Ltd. 13,341 35,238 Genworth Mortgage Insurance Australia, Ltd. 27,918 67,224 GrainCorp, Ltd. Class A 70,841 494,616 Greencross, Ltd. 21,182 97,780 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) * Greenland Minerals & Energy, Ltd. 177,454 $ 16,322 GUD Holdings, Ltd. 17,392 166,242 GWA Group, Ltd. 92,699 240,467 Hansen Technologies, Ltd. 35,957 109,643 # Harvey Norman Holdings, Ltd. 179,467 627,514 Healthscope, Ltd. 275,544 458,648 HFA Holdings, Ltd. 20,518 41,966 HT&E, Ltd. 82,299 171,165 * Huon Aquaculture Group, Ltd. 5,000 20,331 IDP Education, Ltd. 31,667 132,475 Iluka Resources, Ltd. 34,092 246,119 * Imdex, Ltd. 78,305 45,722 # IMF Bentham, Ltd. 48,015 74,123 Incitec Pivot, Ltd. 306,692 783,043 # Independence Group NL 138,669 334,994 * Infigen Energy 259,735 160,084 Infomedia, Ltd. 58,238 34,490 Insurance Australia Group, Ltd. 96,159 512,853 Integral Diagnostics, Ltd. 9,856 13,723 Integrated Research, Ltd. 17,948 48,088 InvoCare, Ltd. 31,389 349,042 # IOOF Holdings, Ltd. 58,405 469,178 IPH, Ltd. 25,334 91,629 IRESS, Ltd. 30,180 311,593 iSelect, Ltd. 40,661 67,956 # iSentia Group, Ltd. 37,492 66,562 IVE Group, Ltd. 7,546 13,578 James Hardie Industries P.L.C. 38,047 582,569 James Hardie Industries P.L.C. Sponsored ADR 1,045 16,103 # Japara Healthcare, Ltd. 32,300 52,727 # JB Hi-Fi, Ltd. 34,137 710,156 * Karoon Gas Australia, Ltd. 70,579 76,314 LendLease Group 59,904 807,998 * Link Administration Holdings, Ltd. 108,365 668,052 #* Lynas Corp., Ltd. 686,156 74,149 MACA, Ltd. 35,736 48,024 Macquarie Atlas Roads Group 39,906 177,507 Macquarie Group, Ltd. 36,962 2,537,568 Magellan Financial Group, Ltd. 21,148 446,748 # Mantra Group, Ltd. 63,243 152,341 #* Mayne Pharma Group, Ltd. 170,746 131,183 McMillan Shakespeare, Ltd. 18,598 213,488 McPherson's, Ltd. 29,789 33,935 Medibank Pvt, Ltd. 238,202 518,337 * Medusa Mining, Ltd. 85,990 20,367 Melbourne IT, Ltd. 13,956 31,889 #* Mesoblast, Ltd. 69,850 97,452 * Metals X, Ltd. 309,016 201,614 # Metcash, Ltd. 300,995 631,078 Mineral Resources, Ltd. 49,778 489,439 #* MMA Offshore, Ltd. 61,531 8,617 MNF Group, Ltd. 6,878 25,560 Monadelphous Group, Ltd. 25,487 310,930 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Monash IVF Group, Ltd. 79,728 $ 101,397 # Mortgage Choice, Ltd. 32,678 60,693 Motorcycle Holdings, Ltd. 4,051 13,263 * Mount Gibson Iron, Ltd. 299,373 106,606 # Myer Holdings, Ltd. 281,095 170,722 # MYOB Group, Ltd. 20,871 55,504 National Australia Bank, Ltd. 167,814 4,022,970 Navitas, Ltd. 63,601 252,641 * NetComm Wireless, Ltd. 11,261 15,071 New Hope Corp., Ltd. 31,164 39,913 Newcrest Mining, Ltd. 101,906 1,655,825 #* NEXTDC, Ltd. 18,428 60,480 nib holdings, Ltd. 114,874 527,724 Nick Scali, Ltd. 9,165 44,772 Nine Entertainment Co. Holdings, Ltd. 141,591 163,058 Northern Star Resources, Ltd. 163,043 577,612 #* NRW Holdings, Ltd. 121,278 63,453 Nufarm, Ltd. 61,280 414,834 # OFX Group, Ltd. 46,190 60,644 Oil Search, Ltd. 156,338 831,813 * Onevue Holdings, Ltd. 36,881 17,700 Orica, Ltd. 95,732 1,521,907 * Origin Energy, Ltd. 200,115 1,108,534 #* Orocobre, Ltd. 18,309 46,824 Orora, Ltd. 441,611 975,102 OZ Minerals, Ltd. 86,080 575,278 # Pacific Current Group, Ltd. 2,940 16,465 Pacific Smiles Group, Ltd. 7,482 10,757 Pact Group Holdings, Ltd. 49,719 228,001 #* Paladin Energy, Ltd. 442,639 16,643 Peet, Ltd. 109,715 104,498 * Peninsula Energy, Ltd. 19,053 5,250 # Perpetual, Ltd. 12,225 493,749 #* Perseus Mining, Ltd. 254,507 64,598 Pioneer Credit, Ltd. 9,803 20,386 # Platinum Asset Management, Ltd. 61,157 267,574 Premier Investments, Ltd. 32,888 358,967 Primary Health Care, Ltd. 170,239 461,280 Prime Media Group, Ltd. 37,016 12,001 Pro Medicus, Ltd. 6,728 27,950 Programmed Maintenance Services, Ltd. 84,718 202,049 PWR Holdings, Ltd. 8,840 15,315 Qantas Airways, Ltd. 114,899 488,328 QBE Insurance Group, Ltd. 146,869 1,391,371 # Qube Holdings, Ltd. 180,111 382,889 # Quintis, Ltd. 95,042 22,810 * Ramelius Resources, Ltd. 196,520 63,205 Ramsay Health Care, Ltd. 5,906 333,490 * RCR Tomlinson, Ltd. 42,291 126,892 REA Group, Ltd. 4,818 265,761 Reckon, Ltd. 16,235 19,507 # Regis Healthcare, Ltd. 31,696 93,580 Regis Resources, Ltd. 142,741 439,919 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Reject Shop, Ltd. (The) 8,575 $ 33,525 Resolute Mining, Ltd. 288,895 249,506 # Retail Food Group, Ltd. 37,750 146,345 Ridley Corp., Ltd. 56,592 64,713 Rio Tinto, Ltd. 45,628 2,405,302 RXP Services, Ltd. 37,518 26,721 Sandfire Resources NL 91,147 422,655 * Santos, Ltd. 315,447 857,155 #* Saracen Mineral Holdings, Ltd. 243,483 263,733 # SeaLink Travel Group, Ltd. 8,455 28,623 Seek, Ltd. 44,731 611,648 # Select Harvests, Ltd. 20,988 82,304 #* Senex Energy, Ltd. 368,076 84,037 Servcorp, Ltd. 7,578 36,279 Service Stream, Ltd. 61,416 66,378 # Seven Group Holdings, Ltd. 30,072 287,799 Seven West Media, Ltd. 257,235 166,660 SG Fleet Group, Ltd. 3,476 10,213 Sigma Healthcare, Ltd. 202,673 155,722 #* Silver Lake Resources, Ltd. 205,129 73,561 Sims Metal Management, Ltd. 56,546 702,388 # Sirtex Medical, Ltd. 15,359 197,660 SmartGroup Corp., Ltd. 2,651 15,880 SMS Management & Technology, Ltd. 10,362 14,910 Sonic Healthcare, Ltd. 32,819 585,718 South32, Ltd. 519,756 1,212,254 South32, Ltd. ADR 12,570 146,440 Southern Cross Media Group, Ltd. 180,976 191,927 Spark Infrastructure Group 247,683 495,861 # SpeedCast International, Ltd. 25,801 71,191 * St Barbara, Ltd. 137,062 299,222 Star Entertainment Grp, Ltd. (The) 189,651 765,067 Steadfast Group, Ltd. 133,327 276,198 Suncorp Group, Ltd. 109,418 1,250,610 #* Sundance Energy Australia, Ltd. 370,784 19,601 # Super Retail Group, Ltd. 67,850 454,827 Sydney Airport 41,112 221,603 #* Syrah Resources, Ltd. 59,111 136,244 Tabcorp Holdings, Ltd. 189,351 632,702 Tassal Group, Ltd. 61,665 187,056 Tatts Group, Ltd. 211,298 676,190 Technology One, Ltd. 70,889 304,261 Telstra Corp., Ltd. 112,529 369,159 Telstra Corp., Ltd. ADR 939 15,353 #* Ten Network Holdings, Ltd. 55,008 7,041 Thorn Group, Ltd. 47,733 50,428 # Tox Free Solutions, Ltd. 75,597 144,558 # TPG Telecom, Ltd. 25,508 114,463 Transurban Group 47,455 433,384 Treasury Wine Estates, Ltd. 142,950 1,391,728 * Troy Resources, Ltd. 92,972 8,217 Villa World, Ltd. 13,294 23,941 Village Roadshow, Ltd. 22,246 71,536 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ AUSTRALIA -- (Continued) #* Virgin Australia Holdings, Ltd. 328,693 $ 46,038 Virtus Health, Ltd. 27,298 122,380 Vita Group, Ltd. 14,846 15,585 # Vocus Group, Ltd. 89,250 248,974 Webjet, Ltd. 24,498 225,647 Wesfarmers, Ltd. 56,186 1,830,870 #* Western Areas, Ltd. 79,412 150,605 * Westgold Resources, Ltd. 22,902 28,969 Westpac Banking Corp. 205,234 5,231,443 Westpac Banking Corp. Sponsored ADR 6,839 175,010 * Whitehaven Coal, Ltd. 162,676 386,580 Woodside Petroleum, Ltd. 59,391 1,388,002 Woolworths, Ltd. 40,981 874,675 * WorleyParsons, Ltd. 67,342 635,558 # WPP AUNZ, Ltd. 90,567 83,421 ------------ TOTAL AUSTRALIA 113,745,183 ------------ AUSTRIA -- (0.5%) ANDRITZ AG 14,409 882,172 Atrium European Real Estate, Ltd. 27,321 127,703 # Austria Technologie & Systemtechnik AG 7,500 99,556 BUWOG AG 26,329 773,707 CA Immobilien Anlagen AG 16,487 425,492 # DO & CO AG 822 60,164 Erste Group Bank AG 37,087 1,536,324 EVN AG 5,678 86,932 * FACC AG 2,477 29,961 Flughafen Wien AG 2,121 83,417 # IMMOFINANZ AG 140,936 342,784 Kapsch TrafficCom AG 909 51,331 Lenzing AG 2,059 368,374 Mayr Melnhof Karton AG 1,829 241,074 Oesterreichische Post AG 10,683 491,178 OMV AG 29,916 1,694,656 Palfinger AG 3,230 150,957 POLYTEC Holding AG 4,035 74,550 # Porr Ag 1,812 64,591 * Raiffeisen Bank International AG 31,086 916,095 RHI AG 7,801 294,352 Rosenbauer International AG 771 46,659 S IMMO AG 12,329 184,505 #* Schoeller-Bleckmann Oilfield Equipment AG 1,136 86,036 # Semperit AG Holding 1,666 50,895 Strabag SE 4,363 193,663 Telekom Austria AG 39,079 353,307 UBM Development AG 580 26,670 UNIQA Insurance Group AG 47,451 491,227 Verbund AG 15,211 300,889 Vienna Insurance Group AG Wiener Versicherung Gruppe 14,400 433,483 # Voestalpine AG 27,645 1,401,157 Wienerberger AG 32,519 747,550 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- AUSTRIA -- (Continued) # Zumtobel Group AG 4,990 $ 98,810 ----------- TOTAL AUSTRIA 13,210,221 ----------- BELGIUM -- (1.1%) #* Ablynx NV 3,535 53,516 Ackermans & van Haaren NV 7,291 1,318,139 Ageas 66,760 3,005,448 * AGFA-Gevaert NV 69,932 326,061 Anheuser-Busch InBev NV Sponsored ADR 1,081 130,433 Anheuser-Busch InBev SA/NV 41,570 5,014,692 Atenor 483 27,563 Banque Nationale de Belgique 13 44,835 Barco NV 3,435 344,040 Bekaert SA 10,905 527,450 bpost SA 27,819 761,578 #* Celyad SA 1,213 40,344 Cie d'Entreprises CFE 2,403 354,270 Cie Immobiliere de Belgique SA 615 38,298 Colruyt SA 16,804 941,667 D'ieteren SA 8,065 382,042 Deceuninck NV 18,021 73,627 * Econocom Group SA 39,590 302,559 Elia System Operator SA 5,137 301,248 Euronav NV 2,500 20,125 Euronav NV 37,276 297,390 EVS Broadcast Equipment SA 2,800 113,614 # Exmar NV 8,759 51,421 #* Fagron 6,179 84,375 * Galapagos NV 4,945 392,861 Gimv NV 2,716 171,849 Ion Beam Applications 3,246 115,122 Jensen-Group NV 622 30,145 KBC Group NV 36,600 3,025,869 Kinepolis Group NV 3,684 211,678 Lotus Bakeries 71 198,344 #* MDxHealth 5,842 34,307 Melexis NV 6,018 517,702 #* Nyrstar NV 22,544 146,392 Ontex Group NV 26,548 910,432 Orange Belgium SA 13,195 325,452 Picanol 386 48,394 Proximus SADP 23,040 810,196 Recticel SA 20,604 162,422 Resilux 201 35,697 Sapec 66 4,680 Sioen Industries NV 2,423 84,133 Sipef SA 725 53,352 Solvay SA 16,230 2,327,076 * Telenet Group Holding NV 5,628 392,915 TER Beke SA 190 39,936 * Tessenderlo Group SA 11,349 498,241 * ThromboGenics NV 19,800 74,173 UCB SA 23,845 1,736,439 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- BELGIUM -- (Continued) # Umicore SA 23,463 $ 1,883,659 Van de Velde NV 1,202 64,731 * Viohalco SA 4,480 14,658 ----------- TOTAL BELGIUM 28,865,590 ----------- BERMUDA -- (0.0%) * Tesson Holdings, Ltd. 99,000 14,695 ----------- BRAZIL -- (1.3%) AES Tiete Energia SA(BZ8W2L7) 51,181 230,765 AES Tiete Energia SA(BZ8W2J5) 13 12 * Aliansce Shopping Centers SA 25,565 137,731 Alupar Investimento SA 27,038 159,019 Ambev SA 24,000 147,386 Ambev SA ADR 79,200 481,536 Arezzo Industria e Comercio SA 9,000 106,787 * B2W Cia Digital 59,977 255,806 B3 SA - Brasil Bolsa Balcao 335,382 2,203,722 Banco Bradesco SA 66,262 640,659 Banco do Brasil SA 63,950 588,569 Banco Santander Brasil SA 28,300 231,511 BB Seguridade Participacoes SA 30,000 264,082 BR Malls Participacoes SA 132,487 560,818 BR Properties SA 8,200 25,639 * Brasil Brokers Participacoes SA 21,900 7,866 BrasilAgro - Co. Brasileira de Propriedades Agricolas 4,500 17,100 # Braskem SA Sponsored ADR 3,700 88,874 * BRF SA 24,461 289,608 #* BRF SA ADR 10,100 119,079 BTG Pactual Group 32,280 162,005 CCR SA 151,300 828,709 * Centrais Eletricas Brasileiras SA 60,600 262,350 * Cia Brasileira de Distribuicao ADR 1,600 37,152 Cia de Locacao das Americas 4,200 15,462 Cia de Saneamento Basico do Estado de Sao Paulo 26,400 284,035 Cia de Saneamento Basico do Estado de Sao Paulo ADR 6,900 74,244 Cia de Saneamento de Minas Gerais-COPASA 13,134 178,498 Cia Energetica de Minas Gerais 12,700 35,514 # Cia Energetica de Minas Gerais Sponsored ADR 8,800 23,672 Cia Hering 47,000 323,899 Cia Paranaense de Energia 4,600 31,273 # Cia Paranaense de Energia Sponsored ADR 2,400 19,872 * Cia Siderurgica Nacional SA 180,473 441,004 #* Cia Siderurgica Nacional SA Sponsored ADR 28,200 68,808 Cielo SA 100,766 843,392 * Construtora Tenda SA 10,494 52,834 * Cosan Logistica SA 32,600 78,616 Cosan SA Industria e Comercio 30,400 351,930 CPFL Energia SA 12,164 104,775 CPFL Energia SA ADR 1,903 32,675 CVC Brasil Operadora e Agencia de Viagens SA 24,200 276,662 Cyrela Brazil Realty SA Empreendimentos e Participacoes 92,039 361,267 Direcional Engenharia SA 40,100 72,913 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- BRAZIL -- (Continued) Duratex SA 102,483 $ 260,287 EcoRodovias Infraestrutura e Logistica SA 50,055 171,593 EDP - Energias do Brasil SA 62,388 287,497 Embraer SA 179,672 908,630 Embraer SA ADR 6,200 125,674 Energisa SA 35,400 282,669 Engie Brasil Energia SA 17,626 197,832 Equatorial Energia SA 35,050 637,303 Estacio Participacoes SA 79,102 517,479 * Even Construtora e Incorporadora SA 75,100 110,301 Ez Tec Empreendimentos e Participacoes SA 22,483 141,170 Fibria Celulose SA 38,795 411,544 Fibria Celulose SA Sponsored ADR 9,400 99,358 Fleury SA 23,800 229,196 Fras-Le SA 6,800 10,031 GAEC Educacao SA 5,400 29,421 * Gafisa SA 10,495 39,881 # Gafisa SA ADR 860 6,513 Gerdau SA 38,100 129,877 Gerdau SA Sponsored ADR 32,200 108,514 Grendene SA 26,417 223,986 Guararapes Confeccoes SA 2,600 87,455 * Helbor Empreendimentos SA 44,997 32,323 Hypermarcas SA 27,400 245,940 Iguatemi Empresa de Shopping Centers SA 11,345 133,520 * International Meal Co. Alimentacao SA 46,600 112,078 Iochpe Maxion SA 40,891 221,348 Itau Unibanco Holding SA 29,570 313,684 JBS SA 138,447 341,861 * JHSF Participacoes SA 74,600 43,779 * JSL SA 7,500 18,640 * Kepler Weber SA 5,100 38,745 Klabin SA 34,300 175,990 Kroton Educacional SA 258,653 1,250,818 * Light SA 22,600 163,429 Linx SA 12,000 66,497 Localiza Rent a Car SA 39,727 661,193 Lojas Americanas SA 29,427 121,828 Lojas Renner SA 123,640 1,161,721 * LPS Brasil Consultoria de Imoveis SA 9,200 12,922 M Dias Branco SA 22,347 363,761 Magazine Luiza SA 400 47,061 Magnesita Refratarios SA 12,000 134,302 Mahle-Metal Leve SA 8,587 46,840 Marcopolo SA 16,500 13,493 * Marfrig Global Foods SA 92,400 190,231 * Marisa Lojas SA 10,100 19,109 * Mills Estruturas e Servicos de Engenharia SA 32,500 41,480 Minerva SA 27,000 107,364 MRV Engenharia e Participacoes SA 88,300 405,772 Multiplan Empreendimentos Imobiliarios SA 9,352 215,570 Multiplus SA 15,000 191,399 Natura Cosmeticos SA 31,300 251,436 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- BRAZIL -- (Continued) Odontoprev SA 99,174 $ 413,762 * Paranapanema SA 31,700 16,468 * Petro Rio SA 1,500 18,000 * Petroleo Brasileiro SA 214,999 951,460 * Petroleo Brasileiro SA Sponsored ADR 31,500 277,515 Porto Seguro SA 33,100 334,360 Portobello SA 30,800 37,434 * Prumo Logistica SA 23,700 83,602 QGEP Participacoes SA 44,400 103,655 Qualicorp SA 116,581 1,226,244 Raia Drogasil SA 28,000 619,558 * Restoque Comercio e Confeccoes de Roupas SA 1,161 13,770 * Rumo SA 143,511 475,862 * Santos Brasil Participacoes SA 45,000 30,593 Sao Carlos Empreendimentos e Participacoes SA 3,000 32,960 Sao Martinho SA 61,200 344,628 Ser Educacional SA 12,300 100,937 SLC Agricola SA 17,900 124,907 Smiles SA 19,000 396,591 Sonae Sierra Brasil SA 4,600 29,414 * Springs Global Participacoes SA 9,400 30,868 Sul America SA 79,239 445,955 * Tecnisa SA 37,043 27,797 Telefonica Brasil SA ADR 3,300 49,104 Tim Participacoes SA 93,621 319,441 Tim Participacoes SA ADR 2,300 38,801 Totvs SA 28,763 276,712 * TPI - Triunfo Participacoes e Investimentos SA 18,300 23,709 Transmissora Alianca de Energia Eletrica SA 62,043 461,987 Tupy SA 11,300 53,631 Ultrapar Participacoes SA 35,809 849,765 # Ultrapar Participacoes SA Sponsored ADR 600 14,202 * Usinas Siderurgicas de Minas Gerais SA 12,800 42,648 Vale SA 107,779 1,081,817 Vale SA Sponsored ADR 10,757 107,893 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 25,017 135,340 Via Varejo SA 61,251 282,650 WEG SA 16,242 98,649 Wiz Solucoes e Corretagem de Seguros SA 14,500 92,068 ----------- TOTAL BRAZIL 33,743,232 ----------- CANADA -- (5.9%) * 5N Plus, Inc. 5,100 12,722 Absolute Software Corp. 12,073 76,984 # Acadian Timber Corp. 2,233 32,955 * Advantage Oil & Gas, Ltd. 73,229 503,367 Aecon Group, Inc. 19,284 232,939 * Africa Oil Corp. 10,900 16,874 # Ag Growth International, Inc. 1,400 62,827 AGF Management, Ltd. Class B 26,900 161,605 # Agnico Eagle Mines, Ltd.(008474108) 21,851 1,020,660 Agnico Eagle Mines, Ltd.(2009823) 3,800 177,420 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Agrium, Inc.(008916108) 11,711 $1,172,271 Agrium, Inc.(2213538) 2,400 240,164 # AGT Food & Ingredients, Inc. 9,300 189,692 Aimia, Inc. 54,178 63,010 * Air Canada 14,453 229,880 # AirBoss of America Corp. 5,883 62,522 * Alacer Gold Corp. 103,043 171,911 Alamos Gold, Inc. Class A(011532108) 3,100 21,979 Alamos Gold, Inc. Class A(BZ3DNP6) 103,807 735,206 # Alaris Royalty Corp. 8,890 160,722 # Algonquin Power & Utilities Corp. 56,229 601,189 Alimentation Couche-Tard, Inc. Class B 15,739 746,332 * Alio Gold, Inc. 8,330 35,010 # AltaGas, Ltd. 37,428 871,194 Alterra Power Corp. 4,000 19,218 Altius Minerals Corp. 12,800 115,706 Altus Group, Ltd. 2,800 57,404 * Amaya, Inc.(BT8J595) 7,600 134,779 * Amaya, Inc.(02314M108) 16,194 286,634 #* Americas Silver Corp. 3,200 10,241 Andrew Peller, Ltd. Class A 10,400 92,593 # ARC Resources, Ltd. 35,290 486,573 * Argonaut Gold, Inc. 54,154 95,125 * Asanko Gold, Inc. 42,200 52,803 Atco, Ltd. Class I 9,142 340,309 #* Athabasca Oil Corp. 141,246 117,823 * ATS Automation Tooling Systems, Inc. 22,200 238,604 * AuRico Metals, Inc.(05157J108) 1,363 1,298 * AuRico Metals, Inc.(BYR52G5) 16,008 15,151 # AutoCanada, Inc. 10,001 161,075 #* Avigilon Corp. 13,268 150,905 * B2Gold Corp. 290,640 729,660 # Badger Daylighting, Ltd. 9,372 199,054 * Balmoral Resources, Ltd. 7,500 4,091 Bank of Montreal(063671101) 70,100 5,318,487 Bank of Montreal(2076009) 7,500 568,839 Bank of Nova Scotia (The)(064149107) 84,789 5,283,203 Bank of Nova Scotia (The)(2076281) 7,000 436,086 Barrick Gold Corp.(067901108) 6,633 112,164 Barrick Gold Corp.(2024644) 39,495 667,780 #* Baytex Energy Corp.(07317Q105) 18,982 52,960 #* Baytex Energy Corp.(B4VGVM3) 73,462 206,230 BCE, Inc.(05534B760) 2,508 117,700 BCE, Inc.(B188TH2) 3,587 168,348 #* Bellatrix Exploration, Ltd. 23,454 58,694 Birchcliff Energy, Ltd. 65,515 320,547 # Bird Construction, Inc. 12,599 85,593 # Black Diamond Group, Ltd. 13,200 28,163 * BlackBerry, Ltd.(09228F103) 2,366 22,193 * BlackBerry, Ltd.(BCBHZ31) 49,586 464,937 * BlackPearl Resources, Inc. 57,000 45,262 * Bombardier, Inc. Class A 25,639 52,440 * Bombardier, Inc. Class B 220,419 443,755 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Bonavista Energy Corp. 85,210 $ 213,922 # Bonterra Energy Corp. 10,257 138,213 Boralex, Inc. Class A 31,089 555,326 Brookfield Asset Management, Inc. Class A(2092599) 8,400 326,702 Brookfield Asset Management, Inc. Class A(112585104) 10,582 411,534 Brookfield Real Estate Services, Inc. 1,900 25,648 BRP, Inc. 6,418 205,654 * BSM Technologies, Inc. 11,200 13,385 CAE, Inc.(2162760) 41,044 695,616 CAE, Inc.(124765108) 5,560 94,353 #* Calfrac Well Services, Ltd. 48,509 131,510 Calian Group, Ltd. 2,700 60,594 # Callidus Capital Corp. 8,577 104,499 Cameco Corp.(13321L108) 21,697 222,394 Cameco Corp.(2166160) 54,651 559,770 Canaccord Genuity Group, Inc. 39,787 200,092 #* Canacol Energy, Ltd. 39,956 143,896 Canadian Imperial Bank of Commerce(136069101) 34,336 2,981,738 Canadian Imperial Bank of Commerce(2170525) 2,500 217,004 Canadian National Railway Co.(136375102) 20,463 1,616,986 Canadian National Railway Co.(2180632) 2,800 221,260 Canadian Natural Resources, Ltd.(136385101) 51,058 1,562,375 Canadian Natural Resources, Ltd.(2171573) 13,300 406,761 Canadian Pacific Railway, Ltd.(13645T100) 4,807 751,671 Canadian Pacific Railway, Ltd.(2793115) 1,000 156,559 # Canadian Tire Corp., Ltd. Class A 8,000 913,158 Canadian Utilities, Ltd. Class A 6,500 206,300 # Canadian Western Bank 34,670 778,632 * Canfor Corp. 29,038 487,247 Canfor Pulp Products, Inc. 13,990 132,522 # CanWel Building Materials Group, Ltd. 9,407 46,403 Capital Power Corp. 17,600 347,412 * Capstone Mining Corp. 121,117 116,575 Cara Operations, Ltd. 3,100 58,308 # Cargojet, Inc. 1,100 42,624 Cascades, Inc. 23,153 285,431 CCL Industries, Inc. Class B 11,500 551,317 #* Celestica, Inc.(2263362) 35,244 418,942 * Celestica, Inc.(15101Q108) 10,045 119,435 Cenovus Energy, Inc.(15135U109) 60,391 507,888 # Cenovus Energy, Inc.(B57FG04) 24,400 204,907 Centerra Gold, Inc. 78,260 417,429 #* Cequence Energy, Ltd. 13,500 1,895 # Cervus Equipment Corp. 700 6,867 CES Energy Solutions Corp. 22,400 114,448 * CGI Group, Inc. Class A(39945C109) 11,080 585,135 * CGI Group, Inc. Class A(2159740) 3,300 174,244 # Chesswood Group, Ltd. 1,900 20,619 * China Gold International Resources Corp., Ltd. 79,240 120,759 # CI Financial Corp. 31,010 675,542 # Cineplex, Inc. 15,507 611,573 Clearwater Seafoods, Inc. 7,900 70,588 Cogeco Communications, Inc. 7,890 551,208 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Cogeco, Inc. 8,873 $ 543,589 Colliers International Group, Inc.(194693107) 7,266 391,274 Colliers International Group, Inc.(BYL7SB4) 300 16,158 Computer Modelling Group, Ltd. 18,900 143,560 # Cona Resources, Ltd. 12,184 29,807 # Concordia International Corp. 3,384 4,839 Constellation Software, Inc. 1,300 700,337 #* Continental Gold, Inc. 32,900 89,457 #* Copper Mountain Mining Corp. 62,600 50,211 Corby Spirit and Wine, Ltd. 1,700 29,998 Corus Entertainment, Inc. Class B 43,198 479,535 Cott Corp.(2228952) 56,131 871,173 Cott Corp.(22163N106) 16,909 262,766 Crescent Point Energy Corp.(22576C101) 28,949 227,250 # Crescent Point Energy Corp.(B67C8W8) 17,993 141,433 * Crew Energy, Inc. 52,989 172,557 * CRH Medical Corp. 17,460 57,278 #* Delphi Energy Corp. 75,363 74,351 #* Denison Mines Corp. 193,074 100,660 * Descartes Systems Group, Inc. (The)(2141941) 3,600 90,321 * Descartes Systems Group, Inc. (The)(249906108) 2,802 70,330 * Detour Gold Corp. 41,900 526,964 DHX Media, Ltd.(BRF12N3) 14,200 73,919 DHX Media, Ltd.(BRF12P5) 7,600 39,623 * DIRTT Environmental Solutions 5,600 26,681 Dollarama, Inc. 9,000 879,751 # Dominion Diamond Corp.(257287102) 13,799 194,290 Dominion Diamond Corp.(B95LX89) 14,892 209,509 Dorel Industries, Inc. Class B 10,712 283,019 * Dundee Precious Metals, Inc. 43,644 92,066 #* Eastmain Resources, Inc. 54,400 14,399 ECN Capital Corp. 58,838 186,885 Eldorado Gold Corp.(284902103) 5,700 12,084 Eldorado Gold Corp.(2307873) 214,288 453,756 Element Fleet Management Corp. 86,866 657,722 # Emera, Inc. 2,400 89,320 Empire Co., Ltd. Class A 59,638 969,133 # Enbridge Income Fund Holdings, Inc. 30,990 796,406 Enbridge, Inc.(29250N105) 27,864 1,155,241 Enbridge, Inc.(2466149) 2,927 121,329 Encana Corp.(292505104) 30,117 302,977 Encana Corp.(2793193) 51,942 522,857 * Endeavour Mining Corp. 19,285 367,208 #* Endeavour Silver Corp. 70,300 213,141 Enercare, Inc. 27,456 461,142 Enerflex, Ltd. 27,097 374,696 #* Energy Fuels, Inc. 24,600 43,804 Enerplus Corp.(292766102) 20,845 188,022 Enerplus Corp.(B584T89) 86,682 782,172 Enghouse Systems, Ltd. 4,915 210,634 Ensign Energy Services, Inc. 46,216 247,251 * Epsilon Energy, Ltd. 4,080 10,325 # Equitable Group, Inc. 4,266 187,441 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * Essential Energy Services Trust 80,200 $ 38,596 Evertz Technologies, Ltd. 6,000 85,422 # Exchange Income Corp. 7,900 182,744 Exco Technologies, Ltd. 15,400 136,861 # Extendicare, Inc. 20,061 152,700 Fairfax Financial Holdings, Ltd. 2,631 1,254,587 Fiera Capital Corp. 9,900 114,345 Finning International, Inc. 39,070 786,257 Firm Capital Mortgage Investment Corp. 6,900 74,991 First Capital Realty, Inc. 16,400 268,346 #* First Majestic Silver Corp.(32076V103) 3,500 28,805 #* First Majestic Silver Corp.(2833583) 36,819 302,998 # First National Financial Corp. 4,000 80,209 First Quantum Minerals, Ltd. 110,395 1,220,167 FirstService Corp.(33767E103) 6,170 397,595 FirstService Corp.(BYL7ZF7) 300 19,334 Fortis, Inc. 17,200 627,160 #* Fortuna Silver Mines, Inc. 42,394 211,843 Franco-Nevada Corp. 5,207 377,299 # Freehold Royalties, Ltd. 20,300 231,535 # Gamehost, Inc. 5,287 39,353 * GDI Integrated Facility Services, Inc. 900 11,009 # Genworth MI Canada, Inc. 18,879 550,735 George Weston, Ltd. 6,321 552,070 Gibson Energy, Inc. 25,464 331,486 Gildan Activewear, Inc.(2254645) 4,400 132,591 # Gildan Activewear, Inc.(375916103) 17,201 518,266 Gluskin Sheff + Associates, Inc. 9,100 123,864 * GMP Capital, Inc. 7,100 17,084 goeasy, Ltd. 3,400 76,168 Goldcorp, Inc.(380956409) 72,270 948,905 Goldcorp, Inc.(2676302) 24,800 325,627 #* Golden Star Resources, Ltd. 90,400 61,632 * Gran Tierra Energy, Inc. 153,058 359,703 # Granite Oil Corp. 12,933 48,028 * Great Canadian Gaming Corp. 13,808 268,684 #* Great Panther Silver, Ltd. 5,400 7,017 Great-West Lifeco, Inc. 14,300 408,096 Guardian Capital Group, Ltd. Class A 5,100 110,447 * Guyana Goldfields, Inc. 51,656 199,290 * Heroux-Devtek, Inc. 8,900 94,729 High Liner Foods, Inc. 9,675 131,535 # Home Capital Group, Inc. 21,422 237,115 Horizon North Logistics, Inc. 38,323 40,575 HudBay Minerals, Inc. 85,895 666,905 # Hudson's Bay Co. 22,850 195,556 * Husky Energy, Inc. 46,639 539,802 Hydro One, Ltd. 7,371 132,196 * IAMGOLD Corp.(450913108) 6,100 32,940 * IAMGOLD Corp.(2446646) 156,364 844,058 * IBI Group, Inc. 5,000 26,589 IGM Financial, Inc. 7,600 255,782 #* Imperial Metals Corp. 16,200 49,636 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Imperial Oil, Ltd.(453038408) 16,431 $ 470,584 Imperial Oil, Ltd.(2454241) 1,000 28,699 Industrial Alliance Insurance & Financial Services, Inc. 27,478 1,274,776 Information Services Corp. 1,900 28,513 Innergex Renewable Energy, Inc. 24,600 288,669 Intact Financial Corp. 4,500 349,569 Inter Pipeline, Ltd. 28,200 556,875 * Interfor Corp. 25,102 390,800 Intertape Polymer Group, Inc. 15,532 299,366 * Ivanhoe Mines, Ltd. Class A 136,500 538,665 Jean Coutu Group PJC, Inc. (The) Class A 16,607 276,794 Just Energy Group, Inc. 24,151 129,593 K-Bro Linen, Inc. 1,600 51,654 * Kelt Exploration, Ltd. 49,209 264,053 Keyera Corp. 22,300 696,858 * Kinaxis, Inc. 1,475 94,871 * Kinross Gold Corp. 437,645 1,804,287 Kirkland Lake Gold, Ltd. 34,484 357,356 * Klondex Mines, Ltd. 49,622 158,010 * Knight Therapeutics, Inc. 35,727 271,946 # Labrador Iron Ore Royalty Corp. 17,039 235,341 Lassonde Industries, Inc. Class A 200 38,468 Laurentian Bank of Canada 12,525 544,198 Leon's Furniture, Ltd. 6,215 89,929 Linamar Corp. 18,358 1,006,138 # Liquor Stores N.A., Ltd. 12,048 96,732 Loblaw Cos., Ltd. 9,100 495,601 Logistec Corp. Class B 400 12,108 Lucara Diamond Corp. 104,688 225,036 Lundin Mining Corp. 199,505 1,435,380 # MacDonald Dettwiler & Associates, Ltd. 15,673 888,901 Magellan Aerospace Corp. 7,228 115,428 Magna International, Inc.(2554475) 8,400 400,613 Magna International, Inc.(559222401) 37,042 1,766,533 #* Mainstreet Equity Corp. 1,200 36,084 Mainstreet Health Investments, Inc. 1,100 10,120 * Major Drilling Group International, Inc. 29,740 196,557 Mandalay Resources Corp. 99,204 31,032 Manulife Financial Corp.(56501R106) 80,632 1,662,632 Manulife Financial Corp.(2492519) 64,658 1,331,797 Maple Leaf Foods, Inc. 22,800 630,189 Martinrea International, Inc. 27,218 219,840 # Mediagrif Interactive Technologies, Inc. 2,100 25,198 # Medical Facilities Corp. 13,600 142,245 #* MEG Energy Corp. 73,028 299,902 Methanex Corp.(59151K108) 7,082 313,733 Methanex Corp.(2654416) 3,300 146,320 Metro, Inc. 17,400 589,374 #* Midas Gold Corp. 22,000 13,411 * Mitel Networks Corp. 37,139 316,356 Morguard Corp. 200 27,595 Morneau Shepell, Inc. 16,311 270,422 MTY Food Group, Inc. 2,897 109,351 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Mullen Group, Ltd. 33,987 $ 435,077 National Bank of Canada 53,674 2,417,321 Nevsun Resources, Ltd. 102,459 276,950 New Flyer Industries, Inc. 9,007 367,215 * New Gold, Inc. 155,778 521,030 #* Newalta Corp. 31,498 32,085 Norbord, Inc.(2641441) 7,800 276,840 Norbord, Inc.(65548P403) 1,201 42,588 North American Energy Partners, Inc. 5,600 23,581 North West Co., Inc. (The) 10,900 267,003 # Northland Power, Inc. 23,701 441,418 * NuVista Energy, Ltd. 53,794 275,712 * Obsidian Energy, Ltd.(674482104) 4,500 5,310 * Obsidian Energy, Ltd.(BDHLTZ4) 185,590 218,823 OceanaGold Corp. 204,792 560,129 Onex Corp. 4,480 359,011 # Open Text Corp.(683715106) 9,400 314,900 Open Text Corp.(2260824) 5,000 167,235 Osisko Gold Royalties, Ltd. 38,234 490,978 #* Painted Pony Energy, Ltd. 28,700 104,740 Pan American Silver Corp.(697900108) 23,739 400,002 Pan American Silver Corp.(2669272) 30,761 518,132 #* Paramount Resources, Ltd. Class A 19,174 307,276 * Parex Resources, Inc. 25,834 317,861 Parkland Fuel Corp. 11,166 239,575 Pason Systems, Inc. 9,737 142,140 Pembina Pipeline Corp.(B4PPQG5) 10,399 354,606 Pembina Pipeline Corp.(B4PT2P8) 2,200 74,977 #* Pengrowth Energy Corp. 167,268 126,113 # Peyto Exploration & Development Corp. 28,248 502,086 * PHX Energy Services Corp. 6,100 10,079 #* Pine Cliff Energy, Ltd. 15,000 8,302 # Pizza Pizza Royalty Corp. 8,300 111,643 #* Platinum Group Metals, Ltd. 11,073 8,082 Potash Corp. of Saskatchewan, Inc.(73755L107) 70,916 1,269,396 Potash Corp. of Saskatchewan, Inc.(2696980) 2,000 35,773 # PrairieSky Royalty, Ltd. 8,548 212,269 * Precision Drilling Corp.(74022D308) 7,600 22,192 * Precision Drilling Corp.(B5YPLH9) 108,470 314,948 * Premier Gold Mines, Ltd. 5,500 14,955 Premium Brands Holdings Corp. 6,635 479,125 #* Pretium Resources, Inc. 29,362 282,139 #* Primero Mining Corp. 58,000 20,934 Pure Technologies, Ltd. 5,900 23,804 Quarterhill, Inc. 46,582 66,879 Quebecor, Inc. Class B 12,497 433,122 * Raging River Exploration, Inc. 35,154 225,291 Reitmans Canada, Ltd. Class A 10,570 38,745 Restaurant Brands International, Inc. 8,000 476,631 Richelieu Hardware, Ltd. 10,500 273,964 * Richmont Mines, Inc. 12,799 106,663 Ritchie Bros Auctioneers, Inc.(767744105) 12,953 365,663 Ritchie Bros Auctioneers, Inc.(2345390) 1,600 45,173 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * RMP Energy, Inc. 44,300 $ 21,319 Rocky Mountain Dealerships, Inc. 4,800 38,847 Rogers Communications, Inc. Class B(775109200) 8,516 442,832 Rogers Communications, Inc. Class B(2169051) 1,000 51,999 # Rogers Sugar, Inc. 38,600 198,457 Royal Bank of Canada(780087102) 72,182 5,381,890 Royal Bank of Canada(2754383) 8,100 604,276 Russel Metals, Inc. 17,704 354,151 #* Sabina Gold & Silver Corp. 83,900 152,087 #* Sandstorm Gold, Ltd. 47,045 193,953 Sandvine Corp. 46,871 164,664 Saputo, Inc. 18,800 637,247 Savaria Corp. 4,000 47,804 Secure Energy Services, Inc. 44,104 333,234 * SEMAFO, Inc. 101,300 244,566 * Seven Generations Energy, Ltd. Class A 8,445 146,784 Shaw Communications, Inc. Class B(82028K200) 24,085 536,373 Shaw Communications, Inc. Class B(2801836) 13,800 307,269 ShawCor, Ltd. 12,004 269,013 #* Sherritt International Corp. 128,802 88,847 #* Shopify, Inc. Class A 601 55,514 # Sienna Senior Living, Inc. 8,700 119,954 * Sierra Wireless, Inc.(826516106) 10,437 307,892 * Sierra Wireless, Inc.(2418968) 1,300 38,278 * Silver Standard Resources, Inc. 37,252 362,136 Sleep Country Canada Holdings, Inc. 6,600 200,793 SNC-Lavalin Group, Inc. 10,879 479,139 * Solium Capital, Inc. 3,615 28,097 #* Spartan Energy Corp. 31,344 160,647 * Spin Master Corp. 1,906 58,430 # Sprott, Inc. 58,700 107,819 Stantec, Inc.(85472N109) 10,764 274,482 Stantec, Inc.(2854238) 6,001 152,678 Stella-Jones, Inc. 9,252 323,774 #* Stornoway Diamond Corp. 126,700 80,283 # Stuart Olson, Inc. 5,000 21,336 # Student Transportation, Inc. 21,300 125,400 Sun Life Financial, Inc.(866796105) 38,663 1,481,953 Sun Life Financial, Inc.(2566124) 7,500 287,427 Suncor Energy, Inc.(867224107) 74,235 2,421,546 Suncor Energy, Inc.(B3NB1P2) 36,337 1,185,337 * SunOpta, Inc.(8676EP108) 4,997 47,472 #* SunOpta, Inc.(2817510) 21,245 202,780 Superior Plus Corp. 44,340 388,720 Supremex, Inc. 5,200 18,685 # Surge Energy, Inc. 97,249 169,264 # Tahoe Resources, Inc.(B5B9KV1) 86,048 470,704 Tahoe Resources, Inc.(873868103) 2,994 16,377 * Taseko Mines, Ltd. 55,800 83,247 Teck Resources, Ltd. Class B(878742204) 58,433 1,267,412 Teck Resources, Ltd. Class B(2879327) 56,787 1,232,530 TELUS Corp. 3,501 126,449 #* Tembec, Inc. 12,900 46,975 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * Teranga Gold Corp. 26,619 $ 68,109 TFI International, Inc. 31,788 747,308 #* Theratechnologies, Inc. 16,800 105,105 Thomson Reuters Corp. 8,859 406,540 * TMAC Resources, Inc. 1,000 8,703 TMX Group, Ltd. 11,844 627,943 TORC Oil & Gas, Ltd. 54,415 244,851 * Torex Gold Resources, Inc. 34,872 635,765 Toromont Industries, Ltd. 16,973 630,183 Toronto-Dominion Bank (The)(891160509) 61,064 3,147,239 Toronto-Dominion Bank (The)(2897222) 18,100 933,056 # Torstar Corp. Class B 13,300 15,575 Total Energy Services, Inc. 12,090 117,336 * Tourmaline Oil Corp. 47,646 1,056,677 TransAlta Corp.(89346D107) 8,000 52,400 TransAlta Corp.(2901628) 81,242 529,775 # TransAlta Renewables, Inc. 20,178 236,617 TransCanada Corp.(89353D107) 19,923 1,018,464 TransCanada Corp.(2665184) 6,100 311,666 Transcontinental, Inc. Class A 26,300 536,231 * TransGlobe Energy Corp. 22,900 31,225 #* Trevali Mining Corp. 154,000 159,342 * Trican Well Service, Ltd. 126,474 370,267 Tricon Capital Group, Inc. 9,700 81,692 * Trilogy Energy Corp. 19,574 83,053 * Trinidad Drilling, Ltd. 94,938 136,305 #* Trisura Group, Ltd.(89679A100) 62 1,295 * Trisura Group, Ltd.(BDTMYK5) 49 1,018 * Turquoise Hill Resources, Ltd.(900435108) 7,000 23,030 * Turquoise Hill Resources, Ltd.(B7WJ1F5) 140,352 461,555 # Uni-Select, Inc. 15,651 365,305 * Valeant Pharmaceuticals International, Inc.(91911K102) 22,577 371,617 * Valeant Pharmaceuticals International, Inc.(B3XSX46) 58,201 958,852 # Valener, Inc. 8,019 138,672 Veresen, Inc. 74,846 1,093,199 Vermilion Energy, Inc. 10,430 343,773 Wajax Corp. 5,055 95,079 Waste Connections, Inc.(94106B101) 7,316 475,372 Waste Connections, Inc.(BYQFRK5) 2,961 192,459 * Wesdome Gold Mines, Ltd. 15,100 29,794 West Fraser Timber Co., Ltd. 21,593 1,147,412 #* Western Energy Services Corp. 18,886 21,813 Western Forest Products, Inc. 162,392 323,026 WestJet Airlines, Ltd. 700 13,952 Westshore Terminals Investment Corp. 16,800 318,011 Wheaton Precious Metals Corp.(962879102) 19,618 398,442 Wheaton Precious Metals Corp.(BF13KN5) 1,900 38,526 Whitecap Resources, Inc. 114,162 843,338 Winpak, Ltd. 7,300 313,430 WSP Global, Inc. 18,519 751,752 * Xtreme Drilling Corp. 2,783 4,464 Yamana Gold, Inc.(98462Y100) 3,700 9,620 Yamana Gold, Inc.(2219279) 189,249 493,330 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CANADA -- (Continued) * Yangarra Resources, Ltd. 12,891 $ 35,052 #* Yellow Pages, Ltd. 7,290 38,241 ZCL Composites, Inc. 7,400 78,823 ------------ TOTAL CANADA 157,828,459 ------------ CHILE -- (0.3%) AES Gener SA 259,208 96,317 Aguas Andinas SA Class A 395,638 249,631 Banco de Chile 208,681 30,188 Banco de Chile ADR 1,055 90,209 Banco de Credito e Inversiones 6,551 395,355 Banco Santander Chile 3,294,594 233,586 Banco Santander Chile ADR 3,900 110,253 Banmedica SA 4,407 10,723 Besalco SA 70,547 71,655 CAP SA 29,598 312,018 Cencosud SA 81,118 230,899 Cia Cervecerias Unidas SA 20,960 279,371 Cia Cervecerias Unidas SA Sponsored ADR 1,300 34,593 * Cia Sud Americana de Vapores SA 3,840,492 178,197 Colbun SA 738,407 172,729 Embotelladora Andina SA Class B ADR 1,917 52,411 Empresa Nacional de Telecomunicaciones SA 43,357 493,696 * Empresas AquaChile SA 32,187 16,099 Empresas CMPC SA 214,006 546,715 Empresas COPEC SA 21,876 266,839 * Empresas La Polar SA 131,400 14,837 Enel Americas SA 225,938 45,626 Enel Americas SA Sponsored ADR 63,894 638,940 Enel Chile SA(29278D105) 25,734 140,765 Enel Chile SA(BYMLZD6) 168,804 18,406 Enel Generacion Chile SA 130,454 101,586 Enel Generacion Chile SA Sponsored ADR 1,950 45,474 Engie Energia Chile SA 86,478 188,317 Forus SA 4,073 14,667 Grupo Security SA 122,548 46,395 Inversiones Aguas Metropolitanas SA 152,189 265,831 Inversiones La Construccion SA 14,953 200,202 Itau CorpBanca(BYT25P4) 24,862,734 235,698 Itau CorpBanca(45033E105) 900 13,050 Latam Airlines Group SA 25,759 302,627 Latam Airlines Group SA Sponsored ADR 43,851 514,372 * Masisa SA 669,547 49,975 Multiexport Foods SA 93,524 30,441 Parque Arauco SA 117,476 308,809 Ripley Corp. SA 199,566 170,454 SACI Falabella 18,029 166,564 Salfacorp SA 93,837 123,760 Sigdo Koppers SA 7,298 11,119 Sociedad Matriz SAAM SA 254,930 27,247 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHILE -- (Continued) Sociedad Quimica y Minera de Chile SA Sponsored ADR 3,935 $ 161,768 Sonda SA 84,881 161,300 Vina Concha y Toro SA 80,143 129,134 ---------- TOTAL CHILE 7,998,848 ---------- CHINA -- (6.5%) * 21Vianet Group, Inc. ADR 21,774 97,112 361 Degrees International, Ltd. 297,000 104,488 #* 3SBio, Inc. 18,500 23,193 #* 500.com, Ltd. Class A ADR 5,095 60,478 * 51job, Inc. ADR 2,100 103,446 #* 58.com, Inc. ADR 19,102 975,157 AAC Technologies Holdings, Inc. 60,000 806,020 # Agile Group Holdings, Ltd. 562,000 668,143 Agricultural Bank of China, Ltd. Class H 2,236,000 1,042,965 Air China, Ltd. Class H 388,000 349,925 Ajisen China Holdings, Ltd. 208,000 89,903 * Alibaba Group Holding, Ltd. Sponsored ADR 18,010 2,790,649 #* Alibaba Health Information Technology, Ltd. 72,000 34,202 #* Alibaba Pictures Group, Ltd. 1,550,000 261,827 * Aluminum Corp. of China, Ltd. ADR 2,000 31,600 #* Aluminum Corp. of China, Ltd. Class H 608,000 380,925 AMVIG Holdings, Ltd. 54,000 15,701 # Angang Steel Co., Ltd. Class H 254,000 205,855 Anhui Conch Cement Co., Ltd. Class H 192,000 709,306 Anhui Expressway Co., Ltd. Class H 88,000 66,404 Anta Sports Products, Ltd. 155,000 531,388 #* Anton Oilfield Services Group 366,000 35,092 Asia Cement China Holdings Corp. 114,000 38,500 * AVIC International Holding HK, Ltd. 754,000 37,182 AVIC International Holdings, Ltd. Class H 96,000 49,256 # AviChina Industry & Technology Co., Ltd. Class H 821,000 503,040 # BAIC Motor Corp., Ltd. Class H 446,500 401,403 * Baidu, Inc. Sponsored ADR 2,984 675,428 Bank of China, Ltd. Class H 5,606,000 2,757,101 Bank of Chongqing Co., Ltd. Class H 137,500 119,141 Bank of Communications Co., Ltd. Class H 586,000 433,456 * Baoye Group Co., Ltd. Class H 62,000 48,067 * Baozun, Inc. Sponsored ADR 1,014 32,914 # BBMG Corp. Class H 516,000 259,760 Beijing Capital International Airport Co., Ltd. Class H 488,000 768,026 Beijing Capital Land, Ltd. Class H 374,000 197,116 * Beijing Enterprises Clean Energy Group, Ltd. 600,000 14,273 Beijing Enterprises Holdings, Ltd. 104,000 551,932 * Beijing Enterprises Medical & Health Group, Ltd. 588,000 36,866 Beijing Enterprises Water Group, Ltd. 900,000 746,808 Beijing Jingneng Clean Energy Co., Ltd. Class H 352,000 101,745 Beijing North Star Co., Ltd. Class H 192,000 77,858 * Beijing Properties Holdings, Ltd. 396,000 18,742 Beijing Urban Construction Design & Development Group Co., Ltd. Class H 36,000 23,715 # BEP International Holdings, Ltd. 1,050,000 27,641 # Best Pacific International Holdings, Ltd. 132,000 72,132 #* Bitauto Holdings, Ltd. ADR 10,978 346,905 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Bloomage Biotechnology Corp., Ltd. 52,500 $ 98,287 #* Boer Power Holdings, Ltd. 90,000 26,370 Bosideng International Holdings, Ltd. 646,000 57,022 #* Boyaa Interactive International, Ltd. 124,000 50,888 # Brilliance China Automotive Holdings, Ltd. 294,000 743,825 # Byd Co., Ltd. Class H 48,500 301,863 BYD Electronic International Co., Ltd. 224,500 566,310 * C C Land Holdings, Ltd. 658,499 149,927 #* C.banner International Holdings, Ltd. 138,000 55,275 Cabbeen Fashion, Ltd. 43,000 11,826 # Canvest Environmental Protection Group Co., Ltd. 109,000 59,566 #* Capital Environment Holdings, Ltd. 426,000 16,345 #* CAR, Inc. 297,000 258,525 * Central China Real Estate, Ltd. 230,000 69,170 # Central China Securities Co., Ltd. Class H 199,000 90,531 * Century Sunshine Group Holdings, Ltd. 235,000 8,132 #* CGN Meiya Power Holdings Co., Ltd. 388,000 56,093 CGN Power Co., Ltd. Class H 496,000 135,743 Changshouhua Food Co., Ltd. 30,000 14,963 * Changyou.com, Ltd. ADR 3,438 145,531 Chaowei Power Holdings, Ltd. 236,000 133,726 * Cheetah Mobile, Inc. ADR 3,300 36,432 China Aerospace International Holdings, Ltd. 678,000 86,719 China Agri-Industries Holdings, Ltd. 776,000 347,369 # China Aircraft Leasing Group Holdings, Ltd. 121,500 141,948 # China All Access Holdings, Ltd. 154,000 45,332 * China Animal Healthcare, Ltd. 42,000 5,243 # China Animation Characters Co., Ltd. 173,000 68,875 China Aoyuan Property Group, Ltd. 403,000 172,580 China BlueChemical, Ltd. Class H 660,000 185,963 * China Chengtong Development Group, Ltd. 326,000 19,164 China Cinda Asset Management Co., Ltd. Class H 2,031,000 843,894 China CITIC Bank Corp., Ltd. Class H 603,000 390,857 # China Coal Energy Co., Ltd. Class H 459,000 226,571 China Communications Construction Co., Ltd. Class H 430,000 572,709 China Communications Services Corp., Ltd. Class H 620,000 336,765 # China Conch Venture Holdings, Ltd. 184,000 341,872 China Construction Bank Corp. Class H 9,249,000 7,679,578 China Datang Corp. Renewable Power Co., Ltd. Class H 338,000 40,203 * China Daye Non-Ferrous Metals Mining, Ltd. 1,212,000 17,464 China Dongxiang Group Co., Ltd. 1,085,000 201,275 * China Dynamics Holdings, Ltd. 1,210,000 23,990 China Eastern Airlines Corp., Ltd. Class H 298,000 164,214 # China Electronics Corp. Holdings Co., Ltd. 56,000 8,086 China Electronics Optics Valley Union Holding Co., Ltd. 380,000 34,027 China Everbright Bank Co., Ltd. Class H 439,000 212,854 China Everbright International, Ltd. 255,000 332,523 China Everbright Water, Ltd. 52,000 18,795 China Everbright, Ltd. 322,000 733,314 #* China Evergrande Group 1,120,000 3,114,929 * China Fiber Optic Network System Group, Ltd. 310,000 10,418 China Financial Services Holdings, Ltd. 392,000 34,613 China Foods, Ltd. 312,000 143,633 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) * China Fordoo Holdings, Ltd. 47,000 $ 35,016 China Galaxy Securities Co., Ltd. Class H 467,500 411,718 China Gas Holdings, Ltd. 364,000 880,466 * China Glass Holdings, Ltd. 86,000 7,921 #* China Grand Pharmaceutical and Healthcare Holdings, Ltd. Class A 336,000 90,813 China Greenfresh Group Co., Ltd. 64,000 12,041 # China Greenland Broad Greenstate Group Co., Ltd. 160,000 40,189 # China Hanking Holdings, Ltd. 165,000 23,018 #* China Harmony New Energy Auto Holding, Ltd. 226,000 108,880 # China High Speed Transmission Equipment Group Co., Ltd. 63,000 68,022 # China Hongqiao Group, Ltd. 501,000 339,151 China Huarong Asset Management Co., Ltd. Class H 205,000 83,692 # China Huishan Dairy Holdings Co., Ltd. 343,000 343 * China Huiyuan Juice Group, Ltd. 286,000 88,915 China International Capital Corp., Ltd. Class H 80,400 127,926 # China International Marine Containers Group Co., Ltd. Class H 97,100 202,949 China Jinmao Holdings Group, Ltd. 1,352,000 627,571 China Lesso Group Holdings, Ltd. 415,000 292,487 China Life Insurance Co., Ltd. ADR 7,800 123,864 China Life Insurance Co., Ltd. Class H 71,000 224,392 China Lilang, Ltd. 174,000 116,678 China Longyuan Power Group Corp., Ltd. Class H 351,000 256,699 #* China LotSynergy Holdings, Ltd. 2,120,000 40,142 China Machinery Engineering Corp. Class H 207,000 139,870 # China Maple Leaf Educational Systems, Ltd. 96,000 76,887 China Medical System Holdings, Ltd. 375,000 639,729 China Meidong Auto Holdings, Ltd. 128,000 43,925 China Mengniu Dairy Co., Ltd. 268,000 521,583 China Merchants Bank Co., Ltd. Class H 367,000 1,205,058 China Merchants Land, Ltd. 418,000 89,198 # China Merchants Port Holdings Co., Ltd. 301,661 947,018 China Merchants Securities Co., Ltd. Class H 14,600 23,053 China Minsheng Banking Corp., Ltd. Class H 518,500 521,097 China Mobile, Ltd. 459,000 4,906,319 China Mobile, Ltd. Sponsored ADR 39,357 2,102,845 # China Molybdenum Co., Ltd. Class H 261,000 141,833 China National Building Material Co., Ltd. Class H 930,000 567,329 China National Materials Co., Ltd. Class H 391,000 158,492 * China New Town Development Co., Ltd. 612,500 26,659 China NT Pharma Group Co., Ltd. 109,000 23,696 * China Ocean Resources Co., Ltd. 29,759 19,945 * China Oceanwide Holdings, Ltd. 120,000 10,592 China Oil & Gas Group, Ltd. 1,768,000 122,133 # China Oilfield Services, Ltd. Class H 326,000 277,751 China Oriental Group Co., Ltd. 202,000 108,491 China Overseas Grand Oceans Group, Ltd. 322,000 188,725 China Overseas Land & Investment, Ltd. 686,000 2,324,023 # China Overseas Property Holdings, Ltd. 820,000 148,927 China Pacific Insurance Group Co., Ltd. Class H 153,200 675,030 China Packaging Holdings Development, Ltd. 95,000 25,402 China Petroleum & Chemical Corp. ADR 2,000 152,380 China Petroleum & Chemical Corp. Class H 2,492,000 1,889,105 China Pioneer Pharma Holdings, Ltd. 237,000 76,791 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) China Power International Development, Ltd. 682,000 $ 233,775 * China Properties Group, Ltd. 81,000 20,401 China Railway Construction Corp., Ltd. Class H 412,000 543,760 China Railway Group, Ltd. Class H 329,000 261,437 China Railway Signal & Communication Corp., Ltd. Class H 235,000 183,634 #* China Rare Earth Holdings, Ltd. 486,399 37,269 China Reinsurance Group Corp. Class H 761,000 178,143 China Resources Beer Holdings Co., Ltd. 317,807 802,493 China Resources Cement Holdings, Ltd. 630,000 374,765 China Resources Gas Group, Ltd. 216,000 818,025 China Resources Land, Ltd. 568,000 1,822,659 # China Resources Phoenix Healthcare Holdings Co., Ltd. 72,500 91,546 China Resources Power Holdings Co., Ltd. 216,690 412,605 #* China Ruifeng Renewable Energy Holdings, Ltd. 252,000 22,235 China Sanjiang Fine Chemicals Co., Ltd. 129,000 40,725 China SCE Property Holdings, Ltd. 442,000 216,119 * China Shanshui Cement Group, Ltd. 2 1 #* China Shengmu Organic Milk, Ltd. 473,000 87,161 China Shenhua Energy Co., Ltd. Class H 371,000 922,833 China Shineway Pharmaceutical Group, Ltd. 82,000 82,023 China Silver Group, Ltd. 244,000 44,969 # China Singyes Solar Technologies Holdings, Ltd. 271,000 102,914 # China South City Holdings, Ltd. 1,034,000 224,843 China Southern Airlines Co., Ltd. Class H 448,000 341,001 China Southern Airlines Co., Ltd. Sponsored ADR 2,392 91,207 China State Construction International Holdings, Ltd. 708,000 1,142,287 China Suntien Green Energy Corp., Ltd. Class H 337,000 71,154 China Taiping Insurance Holdings Co., Ltd. 300,000 900,833 # China Telecom Corp., Ltd. ADR 1,739 83,072 China Telecom Corp., Ltd. Class H 354,000 168,268 China Tian Lun Gas Holdings, Ltd. 18,000 10,994 China Traditional Chinese Medicine Holdings Co., Ltd. 406,000 215,454 # China Travel International Investment Hong Kong, Ltd. 866,000 257,167 * China Unicom Hong Kong, Ltd. 1,104,000 1,600,051 * China Unicom Hong Kong, Ltd. ADR 32,502 473,879 China Vanke Co., Ltd. Class H 181,300 534,188 # China Vast Industrial Urban Development Co., Ltd. 70,000 27,847 # China Water Affairs Group, Ltd. 210,000 114,499 #* China Water Industry Group, Ltd. 204,000 44,375 China Wood Optimization Holding, Ltd. 56,000 15,487 * China Yurun Food Group, Ltd. 557,000 71,994 China ZhengTong Auto Services Holdings, Ltd. 337,500 332,940 # China Zhongwang Holdings, Ltd. 536,000 266,720 # Chinasoft International, Ltd. 322,000 176,450 Chongqing Machinery & Electric Co., Ltd. Class H 482,000 62,246 Chongqing Rural Commercial Bank Co., Ltd. Class H 966,000 711,757 Chu Kong Shipping Enterprise Group Co., Ltd. 78,000 19,252 CIFI Holdings Group Co., Ltd. 1,030,000 586,096 #* CIMC Enric Holdings, Ltd. 122,000 87,315 * CITIC Dameng Holdings, Ltd. 233,000 13,856 # CITIC Resources Holdings, Ltd. 846,000 95,210 CITIC Securities Co., Ltd. Class H 254,000 514,972 CITIC, Ltd. 600,000 911,628 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) # Citychamp Watch & Jewellery Group, Ltd. 226,000 $ 48,850 Clear Media, Ltd. 5,000 5,891 CNOOC, Ltd. 782,000 875,265 # CNOOC, Ltd. Sponsored ADR 8,898 1,000,580 #* Cogobuy Group 117,000 69,669 # Colour Life Services Group Co., Ltd. 104,000 73,503 Comba Telecom Systems Holdings, Ltd. 539,983 73,994 Concord New Energy Group, Ltd. 1,440,000 61,668 Consun Pharmaceutical Group, Ltd. 115,000 93,183 * Coolpad Group, Ltd. 1,152,600 80,682 * COSCO SHIPPING Development Co., Ltd. Class H 253,000 59,859 COSCO SHIPPING Energy Transportation Co., Ltd. Class H 442,000 248,623 #* COSCO SHIPPING Holdings Co., Ltd. Class H 95,000 58,918 COSCO SHIPPING International Hong Kong Co., Ltd. 156,000 65,888 COSCO SHIPPING Ports, Ltd. 510,573 624,525 * Coslight Technology International Group Co., Ltd. 46,000 20,663 # Cosmo Lady China Holdings Co., Ltd. 299,000 111,657 Country Garden Holdings Co., Ltd. 1,172,000 1,636,286 CP Pokphand Co., Ltd. 2,458,000 229,600 CPMC Holdings, Ltd. 159,000 78,703 CRCC High-Tech Equipment Corp., Ltd. Class H 137,500 49,757 CRRC Corp., Ltd. Class H 232,000 207,098 CSPC Pharmaceutical Group, Ltd. 948,000 1,477,292 # CSSC Offshore and Marine Engineering Group Co., Ltd. Class H 24,000 41,301 # CT Environmental Group, Ltd. 896,000 160,431 * Ctrip.com International, Ltd. ADR 8,537 509,915 Dah Chong Hong Holdings, Ltd. 268,000 137,853 # Dali Foods Group Co., Ltd. 370,500 223,371 Dalian Port PDA Co., Ltd. Class H 293,000 53,600 * Daphne International Holdings, Ltd. 304,000 27,238 * Datang International Power Generation Co., Ltd. Class H 388,000 132,013 Dawnrays Pharmaceutical Holdings, Ltd. 152,000 91,442 #* Differ Group Holding Co., Ltd. 120,000 8,906 #* Digital China Holdings, Ltd. 188,000 123,394 #* Dongfang Electric Corp., Ltd. Class H 96,800 102,842 Dongfeng Motor Group Co., Ltd. Class H 590,000 722,136 Dongjiang Environmental Co., Ltd. Class H 94,400 135,546 Dongyue Group, Ltd. 320,000 149,127 # Dynagreen Environmental Protection Group Co., Ltd. Class H 110,000 54,314 * eHi Car Services, Ltd. Sponsored ADR 2,632 24,951 ENN Energy Holdings, Ltd. 84,000 570,263 # EVA Precision Industrial Holdings, Ltd. 414,000 58,784 Everbright Securities Co., Ltd. Class H 40,000 54,238 * EverChina International Holdings Co., Ltd. 335,000 10,609 # Fantasia Holdings Group Co., Ltd. 676,500 98,632 Far East Horizon, Ltd. 351,000 299,041 # First Tractor Co., Ltd. Class H 72,000 34,249 # Fosun International, Ltd. 307,072 464,962 Fu Shou Yuan International Group, Ltd. 338,000 208,004 Fufeng Group, Ltd. 693,000 423,467 #* Fuguiniao Co., Ltd. Class H 37,999 3,539 # Fullshare Holdings, Ltd. 612,500 244,630 # Future Land Development Holdings, Ltd. 648,000 269,482 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Fuyao Glass Industry Group Co., Ltd. Class H 50,000 $ 170,194 #* GCL-Poly Energy Holdings, Ltd. 4,447,000 472,029 # Geely Automobile Holdings, Ltd. 930,000 2,147,490 Gemdale Properties & Investment Corp., Ltd. 552,000 55,746 GF Securities Co., Ltd. Class H 94,200 189,767 * Glorious Property Holdings, Ltd. 940,000 105,839 # Golden Eagle Retail Group, Ltd. 175,000 226,391 Golden Throat Holdings Group Co., Ltd. 79,000 27,210 # Goldpac Group, Ltd. 23,000 7,591 # GOME Electrical Appliances Holding, Ltd. 3,982,000 478,862 #* Grand Baoxin Auto Group, Ltd 42,664 21,698 # Great Wall Motor Co., Ltd. Class H 600,000 768,460 Greatview Aseptic Packaging Co., Ltd. 419,000 241,278 Greenland Hong Kong Holdings, Ltd. 314,000 116,371 # Greentown China Holdings, Ltd. 228,000 292,757 Guangdong Investment, Ltd. 326,000 458,760 * Guangdong Land Holdings, Ltd. 76,000 16,731 Guangdong Yueyun Transportation Co., Ltd. Class H 79,000 51,566 Guangshen Railway Co., Ltd. Class H 262,000 134,800 Guangshen Railway Co., Ltd. Sponsored ADR 600 15,456 Guangzhou Automobile Group Co., Ltd. Class H 62,000 133,232 Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H 14,000 36,895 Guangzhou R&F Properties Co., Ltd. Class H 452,400 807,720 Guolian Securities Co., Ltd. Class H 95,000 47,976 * Haichang Ocean Park Holdings, Ltd. 229,000 49,538 Haier Electronics Group Co., Ltd. 161,000 414,572 Haitian International Holdings, Ltd. 155,000 444,035 Haitong Securities Co., Ltd. Class H 229,600 365,668 * Hanergy Thin Film Power Group, Ltd. 190,000 953 * Harbin Bank Co., Ltd. Class H 57,000 18,150 Harbin Electric Co., Ltd. Class H 218,000 119,865 # Harmonicare Medical Holdings, Ltd. 39,000 17,418 # HC International, Inc. 44,000 31,910 #* Health and Happiness H&H International Holdings, Ltd. 71,500 230,870 Hengan International Group Co., Ltd. 163,000 1,242,897 * Hengdeli Holdings, Ltd. 720,000 72,754 * Hengshi Mining Investments, Ltd. 114,000 31,505 * Hi Sun Technology China, Ltd. 459,000 84,446 # Hilong Holding, Ltd. 359,000 61,428 Hisense Kelon Electrical Holdings Co., Ltd. Class H 178,000 254,449 HKC Holdings, Ltd. 48,000 37,418 #* HNA Holding Group Co., Ltd. 1,040,000 37,266 HNA Infrastructure Co., Ltd. Class H 20,000 16,188 * Honghua Group, Ltd. 716,000 64,130 # Honworld Group, Ltd. 31,500 16,003 Hopefluent Group Holdings, Ltd. 54,000 22,036 Hopewell Highway Infrastructure, Ltd. 118,500 72,790 Hopson Development Holdings, Ltd. 236,000 226,453 # HOSA International, Ltd. 114,000 35,304 * Hua Han Health Industry Holdings, Ltd. 1,494,000 19,013 Hua Hong Semiconductor, Ltd. 118,000 159,891 # Huadian Fuxin Energy Corp., Ltd. Class H 428,000 94,693 Huadian Power International Corp., Ltd. Class H 174,000 73,442 Huaneng Power International, Inc. Class H 176,000 124,061 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Huaneng Power International, Inc. Sponsored ADR 900 $ 25,605 Huaneng Renewables Corp., Ltd. Class H 2,406,000 732,411 Huatai Securities Co., Ltd. Class H 110,600 221,912 Huishang Bank Corp., Ltd. Class H 285,000 138,670 #* Hydoo International Holding, Ltd. 236,000 27,185 #* IMAX China Holding, Inc. 34,900 92,175 Industrial & Commercial Bank of China, Ltd. Class H 6,595,000 4,608,302 * JD.com, Inc. ADR 13,107 592,043 # Jiangnan Group, Ltd. 504,000 38,042 Jiangsu Expressway Co., Ltd. Class H 130,000 188,614 Jiangxi Copper Co., Ltd. Class H 235,000 428,373 * Jinchuan Group International Resources Co., Ltd. 213,000 24,507 #* JinkoSolar Holding Co., Ltd. ADR 8,632 238,416 Joy City Property, Ltd. 212,000 31,175 Ju Teng International Holdings, Ltd. 258,000 103,960 # K Wah International Holdings, Ltd. 493,548 296,607 #* Kaisa Group Holdings, Ltd. 300,000 114,696 Kangda International Environmental Co., Ltd. 177,000 34,865 * Kasen International Holdings, Ltd. 100,000 16,507 Kingboard Chemical Holdings, Ltd. 231,000 1,039,992 Kingboard Laminates Holdings, Ltd. 367,500 512,160 #* Kingdee International Software Group Co., Ltd. 272,000 112,993 Kingsoft Corp., Ltd. 106,000 278,836 * Ko Yo Chemical Group, Ltd. 568,000 9,611 #* Koradior Holdings, Ltd. 57,000 50,283 #* KuangChi Science, Ltd. 469,000 164,425 # Kunlun Energy Co., Ltd. 1,286,000 1,281,984 KWG Property Holding, Ltd. 438,000 325,028 Le Saunda Holdings, Ltd. 57,200 10,915 Lee & Man Paper Manufacturing, Ltd. 483,000 514,371 Lee's Pharmaceutical Holdings, Ltd. 76,500 60,554 Legend Holdings Corp. Class H 50,200 131,283 Lenovo Group, Ltd. 3,268,000 2,021,411 Leoch International Technology, Ltd. 63,000 13,786 #* Leyou Technologies Holdings, Ltd. 900,000 219,943 * Li Ning Co., Ltd. 76,500 60,259 #* Lianhua Supermarket Holdings Co., Ltd. Class H 122,000 49,571 #* Lifestyle China Group, Ltd. 193,500 79,175 * Lifetech Scientific Corp. 200,000 44,010 Lisi Group Holdings, Ltd. 544,000 43,142 Livzon Pharmaceutical Group, Inc. Class H 22,685 124,787 Logan Property Holdings Co., Ltd. 420,000 364,002 Longfor Properties Co., Ltd. 427,500 1,072,853 * LongiTech Smart Energy Holding, Ltd. 51,000 18,399 Lonking Holdings, Ltd. 745,000 242,869 # Luye Pharma Group, Ltd. 222,000 125,838 # LVGEM China Real Estate Investment Co., Ltd. 480,000 131,482 #* Maanshan Iron & Steel Co., Ltd. Class H 478,000 231,493 Maoye International Holdings, Ltd. 275,000 27,790 Metallurgical Corp. of China, Ltd. Class H 241,000 82,867 * MIE Holdings Corp. 390,000 36,909 MIN XIN Holdings, Ltd. 22,000 16,593 * Mingfa Group International Co., Ltd. 299,000 11,484 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Minmetals Land, Ltd. 270,000 $ 34,884 Minth Group, Ltd. 194,000 893,277 #* MMG, Ltd. 892,000 396,802 Modern Land China Co., Ltd. 130,000 24,444 #* Munsun Capital Group, Ltd. 2,646,000 30,484 # Nan Hai Corp., Ltd. 7,050,000 239,089 #* National Agricultural Holdings, Ltd. 206,000 23,539 NetDragon Websoft Holdings, Ltd. 25,500 68,009 NetEase, Inc. ADR 6,957 2,165,575 New China Life Insurance Co., Ltd. Class H 26,100 168,211 * New Oriental Education & Technology Group, Inc. Sponsored ADR 8,400 669,144 * New World Department Store China, Ltd. 182,000 46,308 Nexteer Automotive Group, Ltd. 438,000 754,615 Nine Dragons Paper Holdings, Ltd. 608,000 904,597 * Noah Holdings, Ltd. ADR 7,935 253,761 * North Mining Shares Co., Ltd. 2,070,000 37,077 #* NQ Mobile, Inc. Class A ADR 28,457 97,323 NVC Lighting Holdings, Ltd. 480,000 53,401 #* O-Net Technologies Group, Ltd. 25,000 16,132 #* Ourgame International Holdings, Ltd. 67,000 17,221 Overseas Chinese Town Asia Holdings, Ltd. 46,000 22,306 #* Ozner Water International Holding, Ltd. 150,000 37,775 # Pacific Online, Ltd. 129,000 24,101 # Parkson Retail Group, Ltd. 263,000 42,364 # PAX Global Technology, Ltd. 334,000 221,483 People's Insurance Co. Group of China, Ltd. (The) Class H 1,085,000 504,921 PetroChina Co., Ltd. ADR 1,900 122,759 PetroChina Co., Ltd. Class H 2,404,000 1,546,636 * Phoenix New Media, Ltd. ADR 9,125 24,546 Phoenix Satellite Television Holdings, Ltd. 338,000 50,158 PICC Property & Casualty Co., Ltd. Class H 756,000 1,406,430 Ping An Insurance Group Co. of China, Ltd. Class H 554,500 4,104,472 * Ping An Securities Group Holdings, Ltd. 2,660,000 24,482 Poly Culture Group Corp., Ltd. Class H 28,200 63,167 #* Poly Property Group Co., Ltd. 733,000 384,378 # Pou Sheng International Holdings, Ltd. 528,000 104,661 Powerlong Real Estate Holdings, Ltd. 453,000 211,552 * PW Medtech Group, Ltd. 156,000 35,553 # Q Technology Group Co., Ltd. 160,000 172,309 Qingdao Port International Co., Ltd. Class H 191,000 108,077 Qingling Motors Co., Ltd. Class H 202,000 67,984 * Qinhuangdao Port Co., Ltd. Class H 195,500 61,993 * Qinqin Foodstuffs Group Cayman Co., Ltd. 8,900 2,607 * Real Nutriceutical Group, Ltd. 516,000 25,086 Red Star Macalline Group Corp., Ltd. Class H 57,600 59,791 #* Redco Properties Group, Ltd. 656,000 251,089 #* Renhe Commercial Holdings Co., Ltd. 5,416,000 119,890 #* REXLot Holdings, Ltd. 3,200,000 40,533 Road King Infrastructure, Ltd. 83,000 109,180 #* Ronshine China Holdings, Ltd. 92,000 100,876 * Sany Heavy Equipment International Holdings Co., Ltd. 408,000 77,762 # Seaspan Corp. 11,120 74,504 #* Semiconductor Manufacturing International Corp. 786,599 862,260 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) * Semiconductor Manufacturing International Corp. ADR 30,682 $ 169,671 Shandong Chenming Paper Holdings, Ltd. Class H 117,500 180,019 Shandong Weigao Group Medical Polymer Co., Ltd. Class H 380,000 306,225 Shandong Xinhua Pharmaceutical Co., Ltd. Class H 54,000 48,883 # Shanghai Dasheng Agricultural Finance Technology Co., Ltd. Class H 448,000 40,684 #* Shanghai Electric Group Co., Ltd. Class H 580,000 269,323 Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H 16,500 60,391 * Shanghai Fudan Microelectronics Group Co., Ltd. Class H 92,000 61,888 Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. Class H 82,000 45,391 Shanghai Haohai Biological Technology Co., Ltd. Class H 3,600 19,037 Shanghai Industrial Holdings, Ltd. 167,000 482,604 # Shanghai Industrial Urban Development Group, Ltd. 504,000 122,480 # Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H 420,000 120,329 Shanghai La Chapelle Fashion Co., Ltd. Class H 10,000 12,673 Shanghai Pharmaceuticals Holding Co., Ltd. Class H 126,600 335,228 Shanghai Prime Machinery Co., Ltd. Class H 320,000 68,339 Shengjing Bank Co., Ltd. Class H 48,500 43,173 Shenguan Holdings Group, Ltd. 248,000 14,743 Shenzhen Expressway Co., Ltd. Class H 158,000 141,086 Shenzhen International Holdings, Ltd. 312,939 535,681 Shenzhen Investment, Ltd. 1,100,982 505,388 # Shenzhou International Group Holdings, Ltd. 87,000 581,173 Shimao Property Holdings, Ltd. 515,500 1,026,896 * Shougang Concord International Enterprises Co., Ltd. 828,000 29,114 # Shougang Fushan Resources Group, Ltd. 824,000 190,793 Shui On Land, Ltd. 1,353,000 337,575 #* Shunfeng International Clean Energy, Ltd. 566,000 30,743 Sichuan Expressway Co., Ltd. Class H 178,000 73,547 # Sihuan Pharmaceutical Holdings Group, Ltd. 1,340,000 563,869 * Silver Grant International Industries, Ltd. 104,000 16,487 #* Silverman Holdings, Ltd. 122,000 12,510 * SINA Corp. 805 76,322 Sino Biopharmaceutical, Ltd. 1,003,000 885,480 #* Sino Oil And Gas Holdings, Ltd. 4,455,000 98,638 Sino-Ocean Group Holdings, Ltd. 976,500 545,661 #* Sinofert Holdings, Ltd. 754,000 104,096 * Sinolink Worldwide Holdings, Ltd. 518,000 71,554 #* SinoMedia Holding, Ltd. 54,000 12,434 Sinopec Engineering Group Co., Ltd. Class H 227,000 203,702 Sinopec Kantons Holdings, Ltd. 352,000 212,555 #* Sinopec Oilfield Service Corp. Class H 270,000 41,711 Sinopec Shanghai Petrochemical Co., Ltd. Class H 1,710,000 971,734 Sinopharm Group Co., Ltd. Class H 117,200 490,538 # Sinosoft Technology Group, Ltd. 297,400 89,263 Sinotrans Shipping, Ltd. 482,000 120,826 Sinotrans, Ltd. Class H 668,000 339,218 # Sinotruk Hong Kong, Ltd. 249,000 261,090 * Skyfame Realty Holdings, Ltd. 92,000 14,139 Skyworth Digital Holdings, Ltd. 651,989 349,319 SOHO China, Ltd. 747,500 407,213 #* Sohu.com, Inc. 4,697 266,931 * Sound Global, Ltd. 38,997 14,978 Springland International Holdings, Ltd. 179,000 34,616 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) #* SPT Energy Group, Inc. 132,000 $ 8,769 * SRE Group, Ltd. 1,148,000 26,720 SSY Group, Ltd. 731,026 322,648 Sun Art Retail Group, Ltd. 517,000 420,993 Sun King Power Electronics Group 78,000 17,944 # Sunac China Holdings, Ltd. 501,000 1,332,762 * Suncity Group Holdings, Ltd. 230,000 15,901 Sunny Optical Technology Group Co., Ltd. 86,000 1,022,019 Symphony Holdings, Ltd. 380,000 33,542 TAL Education Group ADR 2,129 333,763 Tarena International, Inc. ADR 5,822 112,365 #* Taung Gold International, Ltd. 3,820,000 33,710 TCC International Holdings, Ltd. 550,000 251,283 #* TCL Multimedia Technology Holdings, Ltd. 143,000 70,460 * Tech Pro Technology Development, Ltd. 1,538,000 16,141 #* Technovator International, Ltd. 148,000 45,780 Tencent Holdings, Ltd. 209,100 8,346,010 # Tenwow International Holdings, Ltd. 137,000 25,756 Texhong Textile Group, Ltd. 106,000 113,927 #* Tian An China Investment Co., Ltd. 52,000 35,268 Tiangong International Co., Ltd. 340,000 35,658 # Tianjin Capital Environmental Protection Group Co., Ltd. Class H 38,000 24,383 Tianjin Development Holdings, Ltd. 134,000 77,447 Tianjin Port Development Holdings, Ltd. 574,000 95,451 Tianneng Power International, Ltd. 288,000 228,380 #* Tibet Water Resources, Ltd. 179,000 71,908 Tingyi Cayman Islands Holding Corp. 530,000 674,846 Tong Ren Tang Technologies Co., Ltd. Class H 191,000 276,845 # Tongda Group Holdings, Ltd. 1,690,000 490,236 Tonly Electronics Holdings, Ltd. 26,000 27,137 Top Spring International Holdings, Ltd. 42,500 13,536 Towngas China Co., Ltd. 236,732 166,894 TPV Technology, Ltd. 282,000 65,228 Travelsky Technology, Ltd. Class H 97,000 256,844 Trigiant Group, Ltd. 100,000 14,319 # Truly International Holdings, Ltd. 412,000 138,032 Tsingtao Brewery Co., Ltd. Class H 26,000 111,393 * Tuniu Corp. Sponsored ADR 2,400 19,104 # Uni-President China Holdings, Ltd. 398,000 309,080 * United Energy Group, Ltd. 1,800,000 65,615 # Universal Medical Financial & Technical Advisory Services Co., Ltd. 97,500 77,571 #* V1 Group, Ltd. 846,000 29,247 Vinda International Holdings, Ltd. 64,000 120,689 * Vipshop Holdings, Ltd. ADR 83,218 1,023,581 Want Want China Holdings, Ltd. 1,249,000 843,501 # Wasion Group Holdings, Ltd. 168,000 74,346 * Weibo Corp. Sponsored ADR 1,995 153,515 Weichai Power Co., Ltd. Class H 798,000 768,041 * Weiqiao Textile Co. Class H 178,500 98,175 Welling Holding, Ltd. 300,000 65,164 * West China Cement, Ltd. 852,000 122,100 * Wuzhou International Holdings, Ltd. 400,000 33,782 Xiabuxiabu Catering Management China Holdings Co., Ltd. 126,000 126,190 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ CHINA -- (Continued) # Xiamen International Port Co., Ltd. Class H 302,000 $ 59,098 #* Xinchen China Power Holdings, Ltd. 176,000 26,997 # Xingda International Holdings, Ltd. 315,797 136,632 Xinhua Winshare Publishing and Media Co., Ltd. Class H 77,000 64,029 # Xinjiang Goldwind Science & Technology Co., Ltd. Class H 146,380 166,411 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H 367,000 51,119 # Xinyi Solar Holdings, Ltd. 1,588,000 499,760 XTEP International Holdings, Ltd. 223,500 83,207 # Yadea Group Holdings, Ltd. 232,000 58,174 * Yanchang Petroleum International, Ltd. 1,420,000 33,411 # Yangtze Optical Fibre and Cable Joint Stock, Ltd. Co. Class H 54,500 118,385 Yanzhou Coal Mining Co., Ltd. Class H 346,000 340,354 #* Yashili International Holdings, Ltd. 281,000 50,677 YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H 7,400 18,171 Yida China Holdings, Ltd. 84,000 23,603 Yip's Chemical Holdings, Ltd. 84,000 34,933 * Yirendai, Ltd. ADR 4,895 187,283 * Youyuan International Holdings, Ltd. 173,000 66,439 * Yuanda China Holdings, Ltd. 374,000 7,021 #* YuanShengTai Dairy Farm, Ltd. 185,000 9,466 Yuexiu Property Co., Ltd. 2,412,000 453,431 # Yuexiu Transport Infrastructure, Ltd. 152,000 113,574 Yunnan Water Investment Co., Ltd. Class H 71,000 31,426 Yuzhou Properties Co., Ltd. 574,000 340,805 * YY, Inc. ADR 11,457 819,175 # Zhaojin Mining Industry Co., Ltd. Class H 224,500 184,557 Zhejiang Expressway Co., Ltd. Class H 198,000 247,012 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H 37,200 22,879 Zhongsheng Group Holdings, Ltd. 259,500 567,909 Zhuhai Holdings Investment Group, Ltd. 122,000 17,782 Zhuzhou CRRC Times Electric Co., Ltd. Class H 90,000 428,170 Zijin Mining Group Co., Ltd. Class H 1,392,000 504,776 Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H 449,200 228,625 * ZTE Corp. Class H 30,960 79,506 ------------ TOTAL CHINA 174,184,123 ------------ COLOMBIA -- (0.1%) Almacenes Exito SA 49,880 254,567 Banco de Bogota SA 1,006 22,942 Bancolombia SA 16,411 168,169 Bancolombia SA Sponsored ADR 6,979 305,261 Celsia SA ESP 44,113 70,022 Cementos Argos SA 22,461 89,509 * Cemex Latam Holdings SA 15,819 57,743 Corp. Financiera Colombiana SA 13,303 128,838 Ecopetrol SA 273,285 127,668 # Ecopetrol SA Sponsored ADR 3,500 32,690 Empresa de Energia de Bogota SA ESP 61,864 41,020 Grupo Argos SA 31,868 229,234 Grupo Aval Acciones y Valores SA 4,400 38,940 Grupo de Inversiones Suramericana SA 14,638 205,982 Grupo Nutresa SA 14,635 130,856 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- COLOMBIA -- (Continued) Interconexion Electrica SA ESP 51,308 $ 235,051 ---------- TOTAL COLOMBIA 2,138,492 ---------- CZECH REPUBLIC -- (0.0%) CEZ A.S. 16,838 305,487 Komercni banka A.S. 2,906 125,197 O2 Czech Republic A.S. 6,009 76,857 Pegas Nonwovens SA 1,573 72,454 Philip Morris CR A.S. 60 41,381 Unipetrol A.S. 4,246 56,712 ---------- TOTAL CZECH REPUBLIC 678,088 ---------- DENMARK -- (1.3%) ALK-Abello A.S. 1,995 314,440 Alm Brand A.S. 25,496 255,592 Ambu A.S. Class B 6,604 430,017 AP Moller - Maersk A.S. Class A 239 499,158 AP Moller - Maersk A.S. Class B 406 886,233 * Bang & Olufsen A.S. 9,793 171,350 #* Bavarian Nordic A.S. 5,110 334,504 Brodrene Hartmann A.S. 312 19,112 Carlsberg A.S. Class B 13,108 1,456,287 Chr Hansen Holding A.S. 16,630 1,339,236 Coloplast A.S. Class B 2,571 220,871 Columbus A.S. 10,675 23,084 #* D/S Norden A.S. 10,983 217,883 Danske Bank A.S. 45,310 1,834,950 DFDS A.S. 7,890 450,004 DSV A.S. 39,340 2,540,014 # FLSmidth & Co. A.S. 12,881 788,373 * Genmab A.S. 3,964 900,865 # GN Store Nord A.S. 37,161 1,130,294 H Lundbeck A.S. 13,324 798,931 * H+H International A.S. Class B 3,370 57,622 IC Group A.S. 1,421 32,481 ISS A.S. 27,271 1,117,970 Jyske Bank A.S. 20,825 1,305,235 Matas A.S. 10,707 165,236 * NKT A.S. 7,790 684,309 NNIT A.S. 987 31,572 Nordjyske Bank A.S. 616 11,772 Novo Nordisk A.S. Class B 64,873 2,759,011 Novo Nordisk A.S. Sponsored ADR 5,344 226,586 # Novozymes A.S. Class B 17,078 788,584 # Pandora A.S. 12,828 1,476,356 Parken Sport & Entertainment A.S. 1,486 20,504 # Per Aarsleff Holding A.S. 6,257 156,070 Ringkjoebing Landbobank A.S. 6,490 341,685 Rockwool International A.S. Class A 195 42,029 Rockwool International A.S. Class B 2,079 473,134 Royal Unibrew A.S. 8,136 405,390 RTX A.S. 1,885 48,637 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- DENMARK -- (Continued) #* Santa Fe Group A.S. 3,545 $ 32,124 Schouw & Co. 4,780 524,883 SimCorp A.S. 10,418 651,417 Solar A.S. Class B 1,656 98,620 Spar Nord Bank A.S. 26,592 357,390 Sydbank A.S. 24,660 1,027,239 TDC A.S. 267,252 1,649,093 Tivoli A.S. 239 23,056 * TK Development A.S. 12,267 20,879 * Topdanmark A.S. 20,580 703,192 Tryg A.S. 25,951 584,735 United International Enterprises 421 88,720 Vestas Wind Systems A.S. 27,633 2,700,625 #* Vestjysk Bank A.S. 6,101 11,922 * William Demant Holding A.S. 22,710 603,381 #* Zealand Pharma A.S. 2,209 43,964 ----------- TOTAL DENMARK 33,876,621 ----------- EGYPT -- (0.0%) Commercial International Bank Egypt S.A.E. GDR 26,910 124,380 ----------- FINLAND -- (1.3%) Ahlstrom-Munksjo Oyj 2,535 52,291 Aktia Bank Oyj 2,621 28,541 Alma Media Oyj 7,872 60,371 Amer Sports Oyj 30,534 820,177 Asiakastieto Group Oyj 842 21,830 Atria Oyj 4,159 55,628 * BasWare Oyj 277 13,186 Bittium Oyj 8,880 78,244 Cargotec Oyj Class B 9,631 587,997 #* Caverion Corp. 22,278 186,380 Citycon Oyj 86,894 236,471 Cramo Oyj 11,565 331,775 Elisa Oyj 19,778 814,198 F-Secure Oyj 16,474 74,845 Finnair Oyj 17,710 191,612 Fiskars Oyj Abp 5,521 138,694 Fortum Oyj 51,764 846,451 HKScan Oyj Class A 13,829 49,420 # Huhtamaki Oyj 67,985 2,634,471 Kemira Oyj 30,125 379,717 Kesko Oyj Class A 2,475 125,555 Kesko Oyj Class B 16,580 838,352 Kone Oyj Class B 19,362 1,008,515 Konecranes Oyj 18,811 839,271 Lassila & Tikanoja Oyj 12,076 275,208 # Metsa Board Oyj 54,499 385,506 Metso Oyj 44,742 1,423,411 Neste Oyj 29,236 1,267,498 Nokia Oyj(5902941) 289,577 1,847,844 Nokia Oyj(5946455) 66,112 422,629 Nokia Oyj Sponsored ADR 20,625 131,794 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FINLAND -- (Continued) Nokian Renkaat Oyj 45,395 $ 1,850,949 Olvi Oyj Class A 961 33,793 Oriola Oyj Class B 46,001 197,307 Orion Oyj Class A 3,808 193,119 Orion Oyj Class B 15,157 766,046 Outokumpu Oyj 74,453 625,639 * Outotec Oyj 40,734 265,696 Ponsse Oy 2,627 76,218 Raisio Oyj Class V 34,947 146,364 Ramirent Oyj 23,341 232,663 Revenio Group Oyj 1,806 79,036 Sampo Oyj Class A 39,748 2,173,881 Sanoma Oyj 32,087 298,045 * Stockmann Oyj Abp Class B 10,970 94,978 Stora Enso Oyj Class R 188,447 2,519,504 Technopolis Oyj 30,207 130,881 Teleste Oyj 754 7,182 Tieto Oyj 15,335 486,488 Tikkurila Oyj 8,754 186,702 UPM-Kymmene Oyj 130,315 3,547,577 Uponor Oyj 14,663 236,758 Vaisala Oyj Class A 1,673 80,460 Valmet Oyj 49,914 909,857 Wartsila Oyj Abp 27,128 1,802,877 YIT Oyj 28,305 240,369 ----------- TOTAL FINLAND 33,350,271 ----------- FRANCE -- (5.3%) ABC Arbitrage 14,871 107,796 Accor SA 17,031 791,153 Actia Group 4,045 42,447 Aeroports de Paris 2,333 394,825 * Air France-KLM 70,046 948,421 Air Liquide SA 15,713 1,926,628 Airbus SE 15,847 1,324,121 Akka Technologies 2,370 129,451 Albioma SA 6,536 153,579 # Alstom SA 26,980 966,589 Altamir 2,639 52,516 Alten SA 9,601 828,883 Altran Technologies SA 46,520 817,980 * Amplitude Surgical SAS 3,043 17,347 Amundi SA 6,639 513,474 * Antalis International SAS 1,661 3,775 Arkema SA 23,838 2,713,608 Assystem 4,086 156,729 Atos SE 15,591 2,370,387 Aubay 2,320 84,320 AXA SA 120,043 3,545,287 Axway Software SA 1,582 45,436 Bastide le Confort Medical 474 22,157 Beneteau SA 10,108 173,531 * Bigben Interactive 3,747 42,987 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) BioMerieux 2,940 $ 647,839 BNP Paribas SA 76,820 5,953,216 Boiron SA 1,601 149,978 Bollore SA 102,100 473,707 Bonduelle SCA 5,015 192,700 # Bourbon Corp. 8,281 77,183 Bouygues SA 46,737 2,003,807 Bureau Veritas SA 37,695 858,867 Capgemini SE 9,393 1,022,611 Carrefour SA 107,620 2,585,048 Casino Guichard Perrachon SA 15,283 932,128 #* CGG SA 5,055 22,323 * CGG SA Sponsored ADR 99 469 Chargeurs SA 7,820 226,783 Christian Dior SE 2,230 635,001 Cie de Saint-Gobain 36,400 2,019,716 Cie des Alpes 3,019 98,634 Cie Generale des Etablissements Michelin 28,795 3,899,882 Cie Plastic Omnium SA 33,512 1,289,618 CNP Assurances 29,545 713,266 * Coface SA 13,423 126,924 Credit Agricole SA 76,743 1,347,020 Danone SA 24,462 1,825,359 Danone SA Sponsored ADR 930 13,866 Dassault Aviation SA 97 145,636 Dassault Systemes SE 5,900 578,776 Dassault Systemes SE Sponsored ADR 288 28,195 Derichebourg SA 48,578 425,587 Devoteam SA 1,538 139,572 # Edenred 39,971 1,050,751 Eiffage SA 16,675 1,615,235 Electricite de France SA 81,587 828,160 # Elior Group 35,767 949,363 # Elis SA 13,031 315,072 Engie SA 221,513 3,567,733 #* Eramet 2,179 137,554 Essilor International SA 6,802 861,178 * Esso SA Francaise 839 56,409 Euler Hermes Group 2,791 333,663 # Eurofins Scientific SE 1,191 663,445 Euronext NV 16,042 937,488 Europcar Groupe SA 8,723 127,008 Eutelsat Communications SA 52,350 1,416,812 # Exel Industries Class A 451 53,906 Faurecia 19,758 1,097,124 Fleury Michon SA 178 10,683 * Fnac Darty SA 3,770 357,294 Gaztransport Et Technigaz SA 4,609 219,680 GL Events 2,443 72,486 Groupe Crit 1,189 113,925 Groupe Eurotunnel SE 105,857 1,173,805 Groupe Open 1,158 34,552 # Guerbet 2,490 224,088 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Haulotte Group SA 4,122 $ 72,564 Havas SA 32,173 352,378 Hermes International 706 357,599 * ID Logistics Group 555 89,651 Iliad SA 1,729 428,920 Imerys SA 7,441 645,019 Ingenico Group SA 16,896 1,772,311 Interparfums SA 1,511 60,044 Ipsen SA 4,514 577,768 IPSOS 8,610 297,347 Jacquet Metal Service 3,625 101,307 # JCDecaux SA 6,976 248,428 Kaufman & Broad SA 1,287 55,768 Kering 2,244 784,326 Korian SA 9,844 325,482 L'Oreal SA 6,403 1,326,575 Lagardere SCA 44,617 1,465,919 Le Belier 885 47,728 Le Noble Age 1,992 117,926 Lectra 3,273 94,132 Legrand SA 15,592 1,077,058 # Linedata Services 1,603 93,380 LISI 6,911 333,180 LVMH Moet Hennessy Louis Vuitton SE 8,614 2,163,738 Maisons France Confort SA 341 25,013 Manitou BF SA 1,276 44,748 Mersen SA 5,240 193,607 Metropole Television SA 9,864 238,662 MGI Coutier 5,275 212,173 Natixis SA 104,327 758,097 * Naturex 1,182 119,972 # Neopost SA 12,020 551,179 Nexans SA 10,769 616,895 Nexity SA 9,372 502,676 #* Nicox 4,090 59,596 * NRJ Group 1,632 21,601 Oeneo SA 5,816 64,835 #* Onxeo SA 8,787 42,037 Orange SA 256,370 4,313,906 # Orange SA Sponsored ADR 5,502 92,709 Orpea 5,933 680,355 #* Parrot SA 2,851 33,854 PCAS 1,144 24,457 Pernod Ricard SA 4,541 630,037 Peugeot SA 106,886 2,299,195 #* Pierre & Vacances SA 1,511 84,454 Plastivaloire 4,200 108,020 Publicis Groupe SA 12,985 981,879 Publicis Groupe SA ADR 2,568 48,638 Rallye SA 9,436 200,536 # Remy Cointreau SA 2,062 237,195 Renault SA 26,180 2,358,605 Rexel SA 99,536 1,576,198 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) # Robertet SA 23 $ 11,027 Rothschild & Co. 710 26,406 Rubis SCA 16,008 1,018,942 Safran SA 10,693 1,011,672 Sanofi 52,072 4,961,889 Sanofi ADR 13,479 638,365 Sartorius Stedim Biotech 2,628 187,251 Savencia SA 1,141 113,482 Schneider Electric SE(4834108) 14,928 1,171,597 Schneider Electric SE(B11BPS1) 523 41,166 SCOR SE 31,176 1,314,874 SEB SA 5,053 898,950 Seche Environnement SA 274 10,704 #* Sequana SA 8,305 9,225 SES SA 62,916 1,480,047 * SFR Group SA 6,974 259,589 Societe BIC SA 1,799 211,015 Societe Generale SA 55,306 3,242,851 Societe pour l'Informatique Industrielle 411 10,936 Sodexo SA 5,010 591,829 * SOITEC 1,173 74,476 * Solocal Group 121,461 122,255 Somfy SA 1,485 140,721 Sopra Steria Group 5,790 1,001,294 SPIE SA 19,269 541,602 * Stallergenes Greer P.L.C. 295 12,538 #* Ste Industrielle d'Aviation Latecoere SA 22,608 116,365 Stef SA 1,633 181,504 STMicroelectronics NV(5962332) 123,790 2,097,273 STMicroelectronics NV(2430025) 9,366 157,817 Suez 38,468 695,549 Sword Group 1,885 77,417 Synergie SA 3,073 145,608 Tarkett SA 14,861 615,272 Technicolor SA 48,316 175,648 Teleperformance 13,825 1,926,273 Television Francaise 1 34,570 505,817 Tessi SA 65 11,910 Thales SA 6,409 709,527 Thermador Groupe 376 41,399 Total Gabon 171 26,982 Total SA 183,178 9,315,274 Total SA Sponsored ADR 15,997 810,562 Trigano SA 2,537 333,621 * Ubisoft Entertainment SA 25,742 1,628,838 Union Financiere de France BQE SA 437 14,937 Valeo SA 21,534 1,490,983 #* Vallourec SA 111,308 658,454 #* Valneva SE 11,308 39,361 Veolia Environnement SA 20,294 457,361 Veolia Environnement SA ADR 1,217 27,346 Vetoquinol SA 636 39,526 Vicat SA 5,312 388,067 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ FRANCE -- (Continued) Vilmorin & Cie SA 2,098 $ 184,995 Vinci SA 27,787 2,488,225 * Virbac SA 604 107,805 Vivendi SA 106,185 2,454,344 * Worldline SA 9,358 380,322 Zodiac Aerospace 19,709 563,631 ------------ TOTAL FRANCE 140,806,945 ------------ GERMANY -- (5.2%) Aareal Bank AG 25,939 1,081,877 Adidas AG 9,575 2,186,874 * ADLER Real Estate AG 7,180 112,536 ADO Properties SA 2,333 105,313 #* ADVA Optical Networking SE 10,850 82,634 #* AIXTRON SE 21,060 187,409 All for One Steeb AG 145 11,137 Allgeier SE 1,169 31,317 Allianz SE 26,218 5,588,577 Allianz SE Sponsored ADR 21,958 468,803 Amadeus Fire AG 1,301 120,170 Aurubis AG 10,005 890,674 # Axel Springer SE 15,158 962,516 BASF SE 66,555 6,336,032 Basler AG 302 57,045 Bauer AG 2,770 76,813 # Bayer AG 31,971 4,049,484 # Bayer AG Sponsored ADR 273 34,547 Bayerische Motoren Werke AG 40,593 3,729,661 BayWa AG 4,933 182,547 Bechtle AG 5,354 385,386 Beiersdorf AG 2,329 255,582 # Bertrandt AG 1,654 157,519 Bijou Brigitte AG 671 46,458 # Bilfinger SE 11,517 470,594 * Biotest AG 717 23,342 Borussia Dortmund GmbH & Co. KGaA 22,429 158,619 Brenntag AG 23,796 1,348,452 # CANCOM SE 3,177 208,935 Carl Zeiss Meditec AG 4,552 243,730 CENIT AG 1,898 52,773 CENTROTEC Sustainable AG 4,512 99,858 Cewe Stiftung & Co. KGAA 2,110 186,713 Comdirect Bank AG 5,462 68,890 * Commerzbank AG 177,359 2,319,915 CompuGroup Medical SE 5,778 344,215 * Constantin Medien AG 11,404 25,087 Continental AG 16,164 3,641,224 Covestro AG 12,688 983,933 CropEnergies AG 5,612 60,350 CTS Eventim AG & Co. KGaA 14,141 655,441 Daimler AG 102,777 7,201,047 Deutsche Bank AG(5750355) 127,501 2,270,493 Deutsche Bank AG(D18190898) 45,969 820,087 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) Deutsche Beteiligungs AG 3,211 $ 151,274 Deutsche Boerse AG 7,227 754,623 # Deutsche EuroShop AG 7,588 316,001 Deutsche Lufthansa AG 91,059 1,955,493 Deutsche Pfandbriefbank AG 3,768 49,647 Deutsche Post AG 36,577 1,418,915 Deutsche Telekom AG 449,901 8,219,120 Deutsche Telekom AG Sponsored ADR 13,453 245,517 Deutsche Wohnen AG 26,253 1,040,366 Deutz AG 26,774 198,765 * Dialog Semiconductor P.L.C. 20,448 891,064 DIC Asset AG 10,099 108,909 Diebold Nixdorf AG 514 43,752 DMG Mori AG 4,898 289,260 Dr Hoenle AG 675 28,498 Draegerwerk AG & Co. KGaA 1,073 87,301 Drillisch AG 6,530 436,820 Duerr AG 6,981 850,543 E.ON SE 360,877 3,570,065 Eckert & Ziegler AG 1,104 46,738 Elmos Semiconductor AG 5,499 134,054 # ElringKlinger AG 9,534 166,313 * Euromicron AG 1,664 16,854 Evonik Industries AG 22,116 753,217 * Evotec AG 20,570 296,410 # Fielmann AG 3,698 297,002 #* First Sensor AG 2,116 34,742 Francotyp-Postalia Holding AG Class A 2,444 16,167 Fraport AG Frankfurt Airport Services Worldwide 8,631 864,300 Freenet AG 27,369 923,836 Fresenius Medical Care AG & Co. KGaA 23,921 2,255,761 Fresenius SE & Co. KGaA 19,971 1,685,646 Fuchs Petrolub SE 4,183 220,036 # GEA Group AG 22,423 911,297 Gerresheimer AG 14,246 1,175,695 # Gerry Weber International AG 10,523 134,264 Gesco AG 852 27,008 # GFT Technologies SE 2,895 53,814 Grammer AG 4,289 243,686 GRENKE AG 1,587 137,088 * H&R GmbH & Co. KGaA 5,091 69,275 Hamburger Hafen und Logistik AG 9,227 258,058 Hannover Rueck SE 5,455 688,523 * Hapag-Lloyd AG 4,612 182,360 HeidelbergCement AG 19,001 1,881,516 #* Heidelberger Druckmaschinen AG 114,455 389,721 Hella KGaA Hueck & Co. 14,875 786,552 Henkel AG & Co. KGaA 1,651 207,711 * Highlight Communications AG 1,819 10,859 Hochtief AG 3,713 662,747 #* HolidayCheck Group AG 10,948 38,919 Hornbach Baumarkt AG 2,247 83,529 Hugo Boss AG 17,561 1,324,596 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) Indus Holding AG 5,097 $ 381,488 Infineon Technologies AG 54,946 1,193,222 Infineon Technologies AG ADR 9,006 195,790 Innogy SE 12,688 532,895 Isra Vision AG 666 121,962 * IVU Traffic Technologies AG 3,512 16,821 Jenoptik AG 9,812 270,340 # K+S AG 61,082 1,588,325 KION Group AG 18,062 1,567,299 Kloeckner & Co. SE 31,651 349,944 Koenig & Bauer AG 6,842 535,991 * Kontron AG 22,194 91,400 # Krones AG 3,137 390,301 KWS Saat SE 510 207,174 Lanxess AG 38,081 2,936,574 LEG Immobilien AG 11,164 1,073,479 Leifheit AG 2,456 97,266 Leoni AG 11,125 658,027 Linde AG 6,523 1,244,332 #* LPKF Laser & Electronics AG 3,217 35,032 # MAN SE 2,944 326,018 #* Manz AG 1,498 59,439 #* Medigene AG 4,033 49,069 Merck KGaA 5,239 574,884 Metro AG 42,865 481,690 * Metro Wholesale & Food Specialist AG 42,865 865,940 # MLP AG 18,784 137,593 MTU Aero Engines AG 14,421 2,113,452 Muenchener Rueckversicherungs-Gesellschaft AG 8,927 1,917,514 Nemetschek SE 5,354 415,470 Nexus AG 578 17,784 #* Nordex SE 7,403 101,082 Norma Group SE 17,679 1,072,116 OHB SE 1,662 59,561 Osram Licht AG 18,719 1,559,935 # paragon AG 760 55,199 * Patrizia Immobilien AG 16,700 301,681 Pfeiffer Vacuum Technology AG 1,830 310,334 PNE Wind AG 23,742 74,372 Progress-Werk Oberkirch AG 401 20,411 # ProSiebenSat.1 Media SE 30,201 1,206,652 Puma SE 530 212,474 QIAGEN NV 26,331 873,384 # QSC AG 39,136 86,027 Rational AG 908 570,168 Rheinmetall AG 16,337 1,630,269 RHOEN-KLINIKUM AG 9,064 285,236 # RIB Software SE 7,112 127,055 RTL Group SA 3,195 248,558 * RWE AG 149,637 3,152,937 # S&T AG 5,727 100,112 # SAF-Holland SA 13,512 238,747 Salzgitter AG 12,444 558,296 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ------------ GERMANY -- (Continued) SAP SE 10,907 $ 1,154,890 # SAP SE Sponsored ADR 1,405 148,719 * Schaltbau Holding AG 1,071 46,940 # Secunet Security Networks AG 213 25,221 #* SGL Carbon SE 8,371 105,586 SHW AG 2,751 115,861 Siemens AG 38,516 5,226,682 * Siltronic AG 2,705 294,147 Sixt Leasing SE 887 21,013 # Sixt SE 5,564 393,306 # SMA Solar Technology AG 2,401 87,074 Software AG 10,498 459,005 Stabilus SA 2,733 227,259 # Stada Arzneimittel AG 19,351 1,506,657 Stroeer SE & Co. KGaA 9,211 593,838 Suedzucker AG 24,338 519,456 #* Suess MicroTec AG 10,755 155,457 Surteco SE 2,688 79,310 Symrise AG 11,407 798,669 TAG Immobilien AG 28,319 464,683 Takkt AG 12,175 298,954 * Talanx AG 11,380 469,279 Technotrans AG 1,262 62,085 * Tele Columbus AG 7,505 86,138 # Telefonica Deutschland Holding AG 93,715 484,109 ThyssenKrupp AG 17,889 531,329 TLG Immobilien AG 13,141 285,011 * Tom Tailor Holding SE 12,205 102,366 Traffic Systems SE 789 15,262 Uniper SE 56,289 1,160,059 United Internet AG 14,488 882,029 VERBIO Vereinigte BioEnergie AG 10,179 115,780 Volkswagen AG 4,619 726,318 Vonovia SE 16,718 677,486 * Vossloh AG 2,541 169,004 VTG AG 3,519 176,420 Wacker Chemie AG 5,556 689,523 Wacker Neuson SE 10,879 292,053 Washtec AG 2,703 216,894 Wirecard AG 3,504 268,156 Wuestenrot & Wuerttembergische AG 2,231 57,617 XING AG 643 188,962 * Zalando SE 2,287 102,360 Zeal Network SE 2,876 79,272 ------------ TOTAL GERMANY 139,810,196 ------------ GREECE -- (0.0%) Aegean Airlines SA 1,506 14,734 * Alpha Bank AE 1,555 3,727 * FF Group 1,384 33,158 Hellenic Exchanges - Athens Stock Exchange SA 3,515 22,132 Hellenic Petroleum SA 4,268 39,463 Hellenic Telecommunications Organization SA 9,041 115,290 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- GREECE -- (Continued) * HOLDING Co. ADMIE IPTO SA 4,356 $ 10,520 * Intralot SA-Integrated Lottery Systems & Services 13,391 18,685 JUMBO SA 4,193 70,217 Motor Oil Hellas Corinth Refineries SA 2,271 51,133 * Mytilineos Holdings SA 7,593 75,429 * National Bank of Greece SA 1,035 419 OPAP SA 6,092 70,100 * Piraeus Bank SA 589 162 * Public Power Corp. SA 4,356 11,521 Titan Cement Co. SA 2,126 59,218 ---------- TOTAL GREECE 595,908 ---------- HONG KONG -- (2.1%) #* 13 Holdings, Ltd. (The) 113,000 14,767 Agritrade Resources, Ltd. 165,000 40,564 AIA Group, Ltd. 557,400 4,384,232 Alco Holdings, Ltd. 86,000 22,221 Allied Properties HK, Ltd. 366,000 80,040 * APAC Resources, Ltd. 44,000 5,625 #* Applied Development Holdings, Ltd. 415,000 28,146 APT Satellite Holdings, Ltd. 109,250 53,892 Asia Financial Holdings, Ltd. 72,000 39,430 Asia Satellite Telecommunications Holdings, Ltd. 9,500 9,719 Asia Standard International Group, Ltd. 88,000 25,544 Asian Growth Properties, Ltd. 58,327 21,144 # Asiasec Properties, Ltd. 3,900 1,042 ASM Pacific Technology, Ltd. 50,000 646,187 #* Auto Italia Holdings 475,000 4,750 # Bank of East Asia, Ltd. (The) 112,455 481,045 BeijingWest Industries International, Ltd. 74,000 13,539 BOC Hong Kong Holdings, Ltd. 323,500 1,590,479 Bonjour Holdings, Ltd. 488,000 23,418 # Bright Smart Securities & Commodities Group, Ltd. 182,000 53,722 * Brightoil Petroleum Holdings, Ltd. 977,000 253,870 * Burwill Holdings, Ltd. 882,000 23,573 Cafe de Coral Holdings, Ltd. 74,000 238,185 Cathay Pacific Airways, Ltd. 447,000 700,343 Century City International Holdings, Ltd. 320,000 30,266 CGN Mining Co., Ltd. 475,000 38,260 Cheung Kong Property Holdings, Ltd. 56,200 454,479 * China Best Group Holding, Ltd. 760,000 10,501 * China Energy Development Holdings, Ltd. 1,658,000 19,524 * China Ever Grand Financial Leasing Group Co., Ltd. 500,000 3,969 China Flavors & Fragrances Co., Ltd. 84,000 25,261 * China Healthcare Enterprise Group, Ltd. 1,400,000 23,679 #* China LNG Group, Ltd. 3,020,000 48,324 China Metal International Holdings, Inc. 40,000 15,102 China Motor Bus Co., Ltd. 2,400 31,479 China Power Clean Energy Development Co., Ltd. 100,000 62,149 * China Soft Power Technology Holdings, Ltd. 83,954 1,277 * China Star Entertainment, Ltd. 30,000 1,997 * China Strategic Holdings, Ltd. 2,540,000 34,125 # Chinese Estates Holdings, Ltd. 85,000 142,920 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) * Chinlink International Holdings, Ltd. 179,600 $ 26,195 Chinney Investments, Ltd. 48,000 24,252 Chow Sang Sang Holdings International, Ltd. 103,000 240,518 Chow Tai Fook Jewellery Group, Ltd. 216,800 225,252 Chuang's China Investments, Ltd. 440,000 38,842 Chuang's Consortium International, Ltd. 264,000 61,463 CITIC Telecom International Holdings, Ltd. 627,000 190,887 CK Hutchison Holdings, Ltd. 269,200 3,542,433 CK Infrastructure Holdings, Ltd. 48,500 452,053 CK Life Sciences Intl Holdings, Inc. 806,000 65,942 CLP Holdings, Ltd. 48,500 516,774 # CMBC Capital Holdings, Ltd. 1,300,000 62,414 * CMMB Vision Holdings, Ltd. 536,000 26,741 CNQC International Holdings, Ltd. 190,000 60,323 * Common Splendor International Health Industry Group, Ltd. 388,000 29,299 # Convenience Retail Asia, Ltd. 38,000 18,910 #* Convoy Global Holdings, Ltd. 1,758,000 39,811 # Cowell e Holdings, Inc. 127,000 51,941 * Crocodile Garments 99,000 12,671 CSI Properties, Ltd. 1,700,000 90,290 CW Group Holdings, Ltd. 187,500 31,432 Dah Sing Banking Group, Ltd. 155,200 332,378 # Dah Sing Financial Holdings, Ltd. 64,400 455,689 Dickson Concepts International, Ltd. 30,500 11,514 Dynamic Holdings, Ltd. 12,000 12,438 Eagle Nice International Holdings, Ltd. 62,000 25,620 Emperor Capital Group, Ltd. 726,000 64,951 Emperor Entertainment Hotel, Ltd. 145,000 38,045 Emperor International Holdings, Ltd. 556,000 214,857 * Emperor Watch & Jewellery, Ltd. 890,000 38,746 #* Enerchina Holdings, Ltd. 2,238,000 53,155 * ENM Holdings, Ltd. 544,000 36,219 * Esprit Holdings, Ltd. 387,800 191,080 # Fairwood Holdings, Ltd. 14,000 57,892 Far East Consortium International, Ltd. 561,140 309,377 * Far East Holdings International, Ltd. 117,000 10,315 # FIH Mobile, Ltd. 878,000 293,361 First Pacific Co., Ltd. 606,000 453,528 * First Shanghai Investments, Ltd. 232,000 31,411 # Fountain SET Holdings, Ltd. 234,000 30,835 * Freeman FinTech Corp., Ltd. 580,000 37,099 # Future Bright Holdings, Ltd. 36,000 3,224 * Future World Financial Holdings, Ltd. 21,796 374 * G-Resources Group, Ltd. 8,475,000 110,649 Galaxy Entertainment Group, Ltd. 126,000 777,937 #* GCL New Energy Holdings, Ltd. 2,346,000 108,025 # Genscript Biotech Corp. 68,000 36,345 Get Nice Financial Group, Ltd. 26,350 4,314 Get Nice Holdings, Ltd. 2,254,000 79,272 Giordano International, Ltd. 560,000 311,624 * Global Brands Group Holding, Ltd. 1,800,000 170,334 * Good Resources Holdings, Ltd. 630,000 33,410 # Goodbaby International Holdings, Ltd. 199,000 97,521 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) # Great Eagle Holdings, Ltd. 76,225 $ 418,011 * Ground International Development, Ltd. 55,000 12,751 # Guotai Junan International Holdings, Ltd. 802,000 246,904 Haitong International Securities Group, Ltd. 395,498 227,934 Hang Lung Group, Ltd. 177,000 672,332 Hang Lung Properties, Ltd. 220,000 547,159 Hang Seng Bank, Ltd. 44,000 956,585 Hanison Construction Holdings, Ltd. 8,757 1,713 * Hao Tian Development Group, Ltd. 500,499 16,633 Henderson Land Development Co., Ltd. 124,322 718,548 # HK Electric Investments & HK Electric Investments, Ltd. 184,000 175,208 HKBN, Ltd. 199,500 197,198 * HKR International, Ltd. 240,000 133,269 HKT Trust & HKT, Ltd. 788,000 1,032,251 Hon Kwok Land Investment Co., Ltd. 22,000 13,591 Hong Kong & China Gas Co., Ltd. 231,957 438,412 Hong Kong Aircraft Engineering Co., Ltd. 8,000 55,794 # Hong Kong Exchanges & Clearing, Ltd. 32,459 924,699 Hong Kong Ferry Holdings Co., Ltd. 18,000 21,010 * Hong Kong Television Network, Ltd. 114,000 39,089 # Hongkong & Shanghai Hotels, Ltd. (The) 46,000 81,769 Hopewell Holdings, Ltd. 106,000 405,425 * Hsin Chong Group Holdings, Ltd. 620,000 20,837 Hung Hing Printing Group, Ltd. 84,000 17,840 Hutchison Telecommunications Hong Kong Holdings, Ltd. 498,000 191,094 Hysan Development Co., Ltd. 63,000 304,652 * I-CABLE Communications, Ltd. 252,000 17,399 IGG, Inc. 190,000 319,629 * Imagi International Holdings, Ltd. 18,300 1,426 * iOne Holdings, Ltd. 500,000 12,210 # IPE Group, Ltd. 205,000 51,156 IT, Ltd. 188,000 93,786 ITC Properties Group, Ltd. 166,520 64,972 #* Jiayuan International Group, Ltd. 128,000 81,583 Johnson Electric Holdings, Ltd. 129,000 458,388 Karrie International Holdings, Ltd. 338,000 53,593 Kerry Logistics Network, Ltd. 210,000 301,979 Kerry Properties, Ltd. 138,000 483,588 Kingmaker Footwear Holdings, Ltd. 158,000 46,491 # Kingston Financial Group, Ltd. 774,000 269,325 Kowloon Development Co., Ltd. 123,000 135,493 Kwoon Chung Bus Holdings, Ltd. 22,000 13,090 L'Occitane International SA 112,500 260,070 Lai Sun Development Co., Ltd. 4,894,000 181,449 #* Landing International Development, Ltd. 26,790,000 308,232 Li & Fung, Ltd. 2,034,000 744,050 Lifestyle International Holdings, Ltd. 184,000 250,423 Lippo China Resources, Ltd. 810,000 29,017 Lippo, Ltd. 58,000 34,889 Liu Chong Hing Investment, Ltd. 72,000 119,037 Luk Fook Holdings International, Ltd. 107,000 392,857 Lung Kee Bermuda Holdings 28,000 13,007 #* Macau Legend Development, Ltd. 657,000 113,393 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) Man Wah Holdings, Ltd. 356,800 $ 307,990 #* Mason Group Holdings, Ltd. 2,890,798 38,434 # Master Glory Group, Ltd. 3,956,942 54,089 Melco International Development, Ltd. 177,000 418,250 Melco Resorts & Entertainment, Ltd. ADR 3,081 62,236 # MGM China Holdings, Ltd. 66,000 129,858 Microport Scientific Corp. 101,000 79,600 #* Midland Holdings, Ltd. 132,000 35,106 * Midland IC&I, Ltd. 27,000 1,364 Ming Fai International Holdings, Ltd. 139,000 21,875 # Miramar Hotel & Investment 31,000 71,018 #* Mongolian Mining Corp. 795,500 28,042 MTR Corp., Ltd. 68,763 397,077 NagaCorp, Ltd. 578,000 352,317 * NetMind Financial Holdings, Ltd. 6,304,000 29,830 * NEW Concepts Holdings, Ltd. 32,000 15,240 #* New Sports Group, Ltd. 940,000 4,337 * New Times Energy Corp., Ltd. 572,000 18,077 New World Development Co., Ltd. 846,495 1,143,146 * Newocean Energy Holdings, Ltd. 292,000 86,309 * Nine Express, Ltd. 588,000 21,426 NWS Holdings, Ltd. 310,116 593,275 * O Luxe Holdings, Ltd. 156,000 28,937 # OP Financial Investments, Ltd. 148,000 49,040 * Orange Sky Golden Harvest Entertainment Holdings, Ltd. 180,000 22,797 * Orient Overseas International, Ltd. 77,500 721,245 #* Pacific Basin Shipping, Ltd. 1,372,000 299,782 * Pacific Plywood Holdings, Ltd. 400,000 23,032 Pacific Textiles Holdings, Ltd. 213,000 240,883 Paliburg Holdings, Ltd. 86,000 36,749 #* Paradise Entertainment, Ltd. 132,000 17,247 PCCW, Ltd. 887,000 498,829 # Pico Far East Holdings, Ltd. 308,000 126,952 Playmates Holdings, Ltd. 260,000 36,935 Playmates Toys, Ltd. 300,000 51,051 Polytec Asset Holdings, Ltd. 110,000 9,503 Power Assets Holdings, Ltd. 52,500 520,000 Prada SpA 41,400 147,789 PT International Development Co., Ltd. 264,000 17,914 * Qianhai Health Holdings, Ltd. 127,499 1,353 Regal Hotels International Holdings, Ltd. 94,000 73,622 * Regent Pacific Group, Ltd. 540,000 20,021 # Regina Miracle International Holdings, Ltd. 81,000 71,335 #* Rentian Technology Holdings, Ltd. 300,000 14,589 SA SA International Holdings, Ltd. 253,021 92,938 Safety Godown Co., Ltd. 8,000 20,482 Samsonite International SA 231,900 971,136 Sands China, Ltd. 56,400 261,217 SAS Dragon Holdings, Ltd. 48,000 14,194 # SEA Holdings, Ltd. 46,000 54,168 * SEEC Media Group, Ltd. 1,320,000 6,079 Shangri-La Asia, Ltd. 372,000 604,120 # Shenwan Hongyuan HK, Ltd. 120,000 45,222 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) * Shun Tak Holdings, Ltd. 502,000 $ 216,491 * Sincere Watch Hong Kong, Ltd. 430,000 9,189 * Singamas Container Holdings, Ltd. 612,000 87,670 Sino Land Co., Ltd. 331,110 546,090 SITC International Holdings Co., Ltd. 455,000 378,549 Sitoy Group Holdings, Ltd. 79,000 17,283 SJM Holdings, Ltd. 607,000 606,837 SmarTone Telecommunications Holdings, Ltd. 154,500 202,901 # SMI Holdings Group, Ltd. 176,799 92,846 * SOCAM Development, Ltd. 40,000 12,127 * Solartech International Holdings, Ltd. 960,000 62,652 Soundwill Holdings, Ltd. 24,500 61,411 Stella International Holdings, Ltd. 154,000 263,949 #* Summit Ascent Holdings, Ltd. 92,000 20,819 Sun Hung Kai & Co., Ltd. 219,000 144,624 Sun Hung Kai Properties, Ltd. 94,000 1,454,392 * Suncorp Technologies, Ltd. 2,440,000 8,101 Swire Pacific, Ltd. Class A 60,500 602,831 Swire Pacific, Ltd. Class B 102,500 181,535 Swire Properties, Ltd. 35,000 120,907 TAI Cheung Holdings, Ltd. 29,000 31,620 * Talent Property Group, Ltd. 1,200,000 14,742 Tao Heung Holdings, Ltd. 98,000 20,326 Techtronic Industries Co., Ltd. 286,500 1,273,003 Television Broadcasts, Ltd. 99,500 364,227 # Texwinca Holdings, Ltd. 272,000 165,014 TK Group Holdings, Ltd. 38,000 15,547 * Tom Group, Ltd. 54,000 13,282 # Town Health International Medical Group, Ltd. 274,000 20,702 # Tradelink Electronic Commerce, Ltd. 54,000 10,227 Transport International Holdings, Ltd. 88,000 296,778 * Trinity, Ltd. 262,000 15,092 * TSC Group Holdings, Ltd. 36,000 3,179 Tsui Wah Holdings, Ltd. 264,000 40,845 * United Laboratories International Holdings, Ltd. (The) 338,000 211,845 * Value Convergence Holdings, Ltd. 148,000 24,617 # Value Partners Group, Ltd. 95,046 88,309 Vantage International Holdings, Ltd. 70,000 10,012 Varitronix International, Ltd. 89,000 47,520 Vedan International Holdings, Ltd. 124,000 14,598 Victory City International Holdings, Ltd. 952,657 32,298 # Vitasoy International Holdings, Ltd. 184,000 393,201 # VST Holdings, Ltd. 234,000 62,109 VTech Holdings, Ltd. 32,200 465,750 Wai Kee Holdings, Ltd. 22,000 9,978 WH Group, Ltd. 1,227,000 1,150,486 Wharf Holdings, Ltd. (The) 83,000 705,470 Wheelock & Co., Ltd. 93,000 700,801 Win Hanverky Holdings, Ltd. 114,000 16,041 * Winfull Group Holdings, Ltd. 984,000 24,683 Wonderful Sky Financial Group Holdings, Ltd. 94,000 24,295 Wynn Macau, Ltd. 127,600 275,692 Xinyi Glass Holdings, Ltd. 592,000 611,712 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- HONG KONG -- (Continued) # Yeebo International Holdings, Ltd. 76,000 $ 41,702 Yue Yuen Industrial Holdings, Ltd. 220,000 908,306 Yugang International, Ltd. 2,122,000 51,642 ----------- TOTAL HONG KONG 54,914,923 ----------- HUNGARY -- (0.1%) Magyar Telekom Telecommunications P.L.C. 167,317 302,335 MOL Hungarian Oil & Gas P.L.C. 14,533 1,259,520 OTP Bank P.L.C. 19,097 710,674 Richter Gedeon Nyrt 6,483 165,863 ----------- TOTAL HUNGARY 2,438,392 ----------- INDIA -- (2.8%) * 3M India, Ltd. 301 62,871 * Aarti Industries 5,391 81,320 * Aban Offshore, Ltd. 10,788 31,041 ABB India, Ltd. 1,147 25,434 Abbott India, Ltd. 863 60,206 ACC, Ltd. 6,209 167,911 Adani Enterprises, Ltd. 87,517 188,743 Adani Ports & Special Economic Zone, Ltd. 60,077 371,466 * Adani Power, Ltd. 329,698 171,820 * Adani Transmissions, Ltd. 91,808 178,426 * Aditya Birla Capital, Ltd. 46,198 111,521 * Aditya Birla Fashion and Retail, Ltd. 44,938 121,182 Aegis Logistics, Ltd. 25,160 74,124 * Ahluwalia Contracts India Ltd. 1,883 8,214 AIA Engineering, Ltd. 6,190 139,351 Ajanta Pharma, Ltd. 5,082 110,675 Akzo Nobel India, Ltd. 1,961 54,403 Alembic Pharmaceuticals, Ltd. 12,434 103,372 Alembic, Ltd. 29,174 18,657 Alkem Laboratories, Ltd. 806 22,879 * Allahabad Bank 57,693 67,704 * Allcargo Logistics, Ltd. 23,113 61,887 Amara Raja Batteries, Ltd. 8,132 105,873 Ambuja Cements, Ltd. 84,545 346,628 * Amtek Auto, Ltd. 25,857 11,448 Anant Raj, Ltd. 24,081 23,776 Andhra Bank 65,564 58,541 * Apar Industries, Ltd. 2,923 35,784 APL Apollo Tubes, Ltd. 3,758 93,039 * Apollo Hospitals Enterprise, Ltd. 8,331 163,432 Apollo Tyres, Ltd. 75,359 312,549 Arcotech, Ltd. 11,460 18,120 Arvind, Ltd. 39,673 225,996 Asahi India Glass, Ltd. 12,252 55,785 Ashok Leyland, Ltd. 214,682 365,201 Ashoka Buildcon, Ltd. 15,083 43,671 Asian Paints, Ltd. 13,815 250,638 Astral Polytechnik, Ltd. 3,147 30,656 Atul, Ltd. 2,759 94,741 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Aurobindo Pharma, Ltd. 53,699 $ 601,421 Avanti Feeds, Ltd. 925 23,609 Axis Bank, Ltd. 119,724 971,317 Bajaj Auto, Ltd. 7,256 317,971 Bajaj Corp., Ltd. 10,692 66,620 Bajaj Electricals, Ltd. 8,289 42,114 Bajaj Finance, Ltd. 7,380 196,098 Bajaj Finserv, Ltd. 7,994 623,491 * Bajaj Hindusthan Sugar, Ltd. 134,537 33,234 Bajaj Holdings & Investment, Ltd. 6,813 256,936 Balkrishna Industries, Ltd. 9,665 246,255 * Ballarpur Industries, Ltd. 65,268 16,886 Balmer Lawrie & Co., Ltd. 10,464 40,935 Balrampur Chini Mills, Ltd. 42,550 108,954 Banco Products India, Ltd. 5,242 19,044 Bank of Baroda 81,542 211,274 * Bank of India 82,304 212,922 Bata India, Ltd. 8,574 78,673 BEML, Ltd. 2,801 75,497 Berger Paints India, Ltd. 25,429 98,309 Bharat Electronics, Ltd. 59,225 165,275 * Bharat Financial Inclusion, Ltd. 15,598 205,022 Bharat Forge, Ltd. 25,855 462,430 Bharat Heavy Electricals, Ltd. 107,371 242,352 Bharat Petroleum Corp., Ltd. 31,751 233,083 Bharti Airtel, Ltd. 158,967 1,040,232 Bharti Infratel, Ltd. 34,492 215,137 Biocon, Ltd. 33,603 202,018 Birla Corp., Ltd. 5,807 86,131 Bliss Gvs Pharma, Ltd. 9,386 24,047 Blue Dart Express, Ltd. 632 41,940 Blue Star, Ltd. 4,175 45,122 Bodal Chemicals, Ltd. 20,599 58,753 Bombay Dyeing & Manufacturing Co., Ltd. 20,027 25,945 Bosch, Ltd. 268 101,149 * Brigade Enterprises, Ltd. 10,258 44,999 Britannia Industries, Ltd. 2,127 129,134 Cadila Healthcare, Ltd. 25,856 219,313 Camlin Fine Sciences, Ltd. 22,225 29,377 Can Fin Homes, Ltd. 2,837 136,531 Canara Bank 40,496 232,021 Capital First, Ltd. 4,789 57,503 Caplin Point Laboratories, Ltd. 2,702 28,696 Carborundum Universal, Ltd. 11,787 62,476 Care Ratings, Ltd. 3,625 91,306 Castrol India, Ltd. 12,902 80,605 CCL Products India, Ltd. 16,974 75,133 Ceat, Ltd. 5,780 168,853 * Century Plyboards India, Ltd. 8,829 40,663 Century Textiles & Industries, Ltd. 7,339 136,000 Cera Sanitaryware, Ltd. 628 28,855 CESC, Ltd. 12,413 182,551 * CG Power and Industrial Solutions, Ltd. 101,328 134,122 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- INDIA -- (Continued) Chambal Fertilizers and Chemicals, Ltd. 42,813 $ 90,259 Chennai Petroleum Corp., Ltd. 10,823 65,287 * Chennai Super Kings Cricket, Ltd. 52,326 344 Cholamandalam Investment and Finance Co., Ltd. 7,852 146,836 Cipla, Ltd. 59,623 522,371 City Union Bank, Ltd. 47,207 132,427 Clariant Chemicals India, Ltd. 1,992 20,961 Coal India, Ltd. 5,812 22,617 * Coffee Day Enterprises, Ltd. 2,756 10,505 Colgate-Palmolive India, Ltd. 9,310 156,837 Container Corp. Of India, Ltd. 9,096 162,053 Coromandel International, Ltd. 23,352 164,223 * Corp. Bank 52,878 41,799 Cox & Kings, Ltd. 26,469 117,048 CRISIL, Ltd. 3,242 93,782 Crompton Greaves Consumer Electricals, Ltd. 84,298 287,194 Cummins India, Ltd. 2,779 42,761 Cyient, Ltd. 9,656 78,992 Dabur India, Ltd. 27,538 132,643 * Dalmia Bharat, Ltd. 5,908 244,999 DB Corp., Ltd. 11,138 65,279 DCB Bank, Ltd. 64,935 197,711 DCM Shriram, Ltd. 10,928 63,063 * Deepak Fertilisers & Petrochemicals Corp., Ltd. 12,703 71,046 Deepak Nitrite, Ltd. 4,320 11,003 Delta Corp., Ltd. 20,512 54,502 * DEN Networks, Ltd. 21,729 28,630 * Dena Bank 48,612 25,875 Dewan Housing Finance Corp., Ltd. 55,951 398,415 Dhampur Sugar Mills, Ltd. 11,915 45,283 * Dhanuka Agritech, Ltd. 2,194 25,655 * Dish TV India, Ltd. 76,676 99,441 * Dishman Carbogen Amcis, Ltd. 8,970 42,116 * Divi's Laboratories, Ltd. 24,708 259,102 * DLF, Ltd. 84,200 253,182 Dr Reddy's Laboratories, Ltd. 11,918 441,025 # Dr Reddy's Laboratories, Ltd. ADR 2,000 73,180 Dredging Corp. Of India, Ltd. 2,109 20,580 eClerx Services, Ltd. 7,573 153,533 Edelweiss Financial Services, Ltd. 85,655 273,128 Eicher Motors, Ltd. 681 319,968 EID Parry India, Ltd. 20,048 105,613 EIH, Ltd. 13,984 30,015 Electrosteel Castings, Ltd. 26,513 13,633 Elgi Equipments, Ltd. 4,230 15,624 Emami, Ltd. 8,222 142,333 Engineers India, Ltd. 42,236 104,544 * Eros International Media, Ltd. 5,701 19,679 Escorts, Ltd. 16,670 173,859 Essel Propack, Ltd. 20,056 76,887 * Eveready Industries India, Ltd. 7,458 35,776 Exide Industries, Ltd. 66,245 224,629 * FDC, Ltd. 5,685 16,043 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) Federal Bank, Ltd. 292,868 $526,906 * Federal-Mogul Goetze India, Ltd. 1,619 13,620 FIEM Industries, Ltd. 3,985 55,725 Finolex Cables, Ltd. 13,524 98,389 Finolex Industries, Ltd. 8,421 79,859 * Firstsource Solutions, Ltd. 39,298 22,194 * Fortis Healthcare, Ltd. 42,985 104,165 * Future Retail Ltd. 28,880 181,633 Gabriel India, Ltd. 14,731 36,602 GAIL India, Ltd. 78,447 460,194 Garware Wall Ropes, Ltd. 1,058 14,696 Gateway Distriparks, Ltd. 17,386 73,909 Gati, Ltd. 10,050 18,949 Gayatri Projects, Ltd. 7,563 19,891 GE T&D India, Ltd. 3,174 19,487 GHCL, Ltd. 13,044 47,979 GIC Housing Finance, Ltd. 10,571 85,238 Gillette India, Ltd. 886 72,520 GlaxoSmithKline Consumer Healthcare, Ltd. 677 57,772 GlaxoSmithKline Pharmaceuticals, Ltd. 766 28,556 Glenmark Pharmaceuticals, Ltd. 24,629 267,279 * GMR Infrastructure, Ltd. 588,736 172,006 Godfrey Phillips India, Ltd. 3,599 63,588 Godrej Consumer Products, Ltd. 13,892 224,549 * Godrej Industries, Ltd. 10,700 110,640 * Godrej Properties, Ltd. 9,451 76,460 Granules India, Ltd. 26,265 55,777 Graphite India, Ltd. 11,765 37,814 Grasim Industries, Ltd. 33,000 549,629 Great Eastern Shipping Co., Ltd. (The) 15,077 93,048 Greaves Cotton, Ltd. 25,009 62,768 Greenply Industries, Ltd. 6,636 28,159 Grindwell Norton, Ltd. 1,988 13,208 Gruh Finance, Ltd. 16,201 126,067 Gujarat Alkalies & Chemicals, Ltd. 11,084 68,645 * Gujarat Fluorochemicals, Ltd. 9,195 111,374 Gujarat Gas, Ltd. 6,146 73,087 Gujarat Industries Power Co., Ltd. 5,497 10,957 Gujarat Mineral Development Corp., Ltd. 30,521 67,572 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd. 10,666 49,621 Gujarat Pipavav Port, Ltd. 18,330 42,274 Gujarat State Petronet, Ltd. 46,273 141,364 Gulf Oil Lubricants India, Ltd. 1,904 24,042 * Hathway Cable & Datacom, Ltd. 70,416 35,688 Hatsun Agro Products, Ltd. 3,626 35,448 Havells India, Ltd. 16,399 120,878 * HCL Infosystems, Ltd. 43,017 32,453 HCL Technologies, Ltd. 67,727 941,180 * HeidelbergCement India, Ltd. 18,374 36,943 Heritage Foods, Ltd. 2,570 49,963 Hero MotoCorp, Ltd. 4,818 274,681 Hexaware Technologies, Ltd. 37,583 153,821 * Himachal Futuristic Communications, Ltd. 98,725 27,999 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Himadri Speciality Chemical, Ltd. 23,238 $ 31,279 Himatsingka Seide, Ltd. 16,762 92,383 Hindalco Industries, Ltd. 203,932 699,523 * Hindustan Construction Co., Ltd. 119,844 76,544 Hindustan Petroleum Corp., Ltd. 57,887 345,382 Hindustan Unilever, Ltd. 13,400 242,370 * Housing Development & Infrastructure, Ltd. 104,690 141,492 Housing Development Finance Corp., Ltd. 51,095 1,423,730 HSIL, Ltd. 8,539 50,189 HT Media, Ltd. 23,621 33,886 Huhtamaki PPL, Ltd. 2,983 11,771 I G Petrochemicals, Ltd. 1,507 11,016 ICICI Bank, Ltd. 96,215 453,053 ICICI Bank, Ltd. Sponsored ADR 28,050 261,145 * IDBI Bank, Ltd. 149,855 139,301 Idea Cellular, Ltd. 482,828 694,197 * IFCI, Ltd. 257,288 108,270 Igarashi Motors India, Ltd. 691 10,877 IIFL Holdings, Ltd. 28,342 263,061 * IL&FS Transportation Networks, Ltd. 26,355 37,692 India Cements, Ltd. (The) 52,326 167,016 Indiabulls Housing Finance, Ltd. 87,022 1,596,299 * Indiabulls Real Estate, Ltd. 73,206 258,469 Indiabulls Ventures, Ltd. 9,898 29,267 Indian Bank 29,618 144,146 Indian Hotels Co., Ltd. 67,748 131,474 Indian Hume Pipe Co., Ltd. 6,838 58,854 Indian Oil Corp., Ltd. 36,466 208,390 * Indian Overseas Bank 104,415 40,692 Indo Count Industries, Ltd. 20,285 46,954 Indraprastha Gas, Ltd. 8,455 155,341 IndusInd Bank, Ltd. 11,587 296,072 INEOS Styrolution India, Ltd. 753 12,888 Infosys, Ltd. 147,453 2,326,266 Infosys, Ltd. Sponsored ADR 28,800 455,040 Ingersoll-Rand India, Ltd. 2,105 28,163 * Inox Leisure, Ltd. 13,855 55,234 * Inox Wind, Ltd. 7,170 15,344 InterGlobe Aviation, Ltd. 4,167 83,713 Ipca Laboratories, Ltd. 8,637 64,603 IRB Infrastructure Developers, Ltd. 46,610 164,246 ITC, Ltd. 92,642 411,655 ITD Cementation India, Ltd. 11,342 29,152 J Kumar Infraprojects, Ltd. 11,676 52,541 * Jagran Prakashan, Ltd. 29,923 82,098 Jai Corp., Ltd. 15,986 21,347 Jain Irrigation Systems, Ltd. 99,382 164,288 * Jaiprakash Associates, Ltd. 488,899 223,469 * Jaiprakash Power Ventures, Ltd. 147,489 17,126 Jammu & Kashmir Bank, Ltd. (The) 91,753 119,327 Jamna Auto Industries, Ltd. 4,812 19,282 Jayant Agro-Organics, Ltd. 1,882 30,682 * Jaypee Infratech, Ltd. 75,399 25,695 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) JB Chemicals & Pharmaceuticals, Ltd. 3,801 $ 18,348 JBF Industries, Ltd. 5,472 17,904 * Jet Airways India, Ltd. 3,825 35,469 Jindal Poly Films, Ltd. 4,651 27,343 Jindal Saw, Ltd. 38,086 61,305 * Jindal Stainless Hisar, Ltd. 17,122 43,341 * Jindal Steel & Power, Ltd. 91,957 219,042 * JITF Infralogistics, Ltd. 1,711 1,199 JK Cement, Ltd. 3,829 60,295 JK Lakshmi Cement, Ltd. 4,304 30,873 JK Paper, Ltd. 6,407 9,733 JK Tyre & Industries, Ltd. 27,061 68,086 JM Financial, Ltd. 89,356 167,592 Johnson Controls-Hitachi Air Conditioning India, Ltd. 1,423 44,845 JSW Energy, Ltd. 134,833 147,102 * JSW Holdings, Ltd. 476 12,895 JSW Steel, Ltd. 321,170 1,106,462 Jubilant Foodworks, Ltd. 8,255 168,441 Jubilant Life Sciences, Ltd. 26,071 290,679 * Just Dial, Ltd. 13,169 77,563 Jyothy Laboratories, Ltd. 8,358 48,095 Kajaria Ceramics, Ltd. 16,836 178,388 * Kalpataru Power Transmission, Ltd. 11,111 59,925 Kalyani Steels, Ltd. 6,311 43,512 Kansai Nerolac Paints, Ltd. 17,289 122,335 Karnataka Bank, Ltd. (The) 53,706 128,869 Karur Vysya Bank, Ltd. (The) 41,691 91,257 * Kaveri Seed Co., Ltd. 12,192 131,509 * KCP, Ltd. 15,409 24,880 KEC International, Ltd. 23,615 112,463 KEI Industries, Ltd. 8,195 29,623 Kirloskar Brothers, Ltd. 5,025 19,284 Kirloskar Oil Engines, Ltd. 907 5,641 Kitex Garments, Ltd. 5,711 23,293 * KNR Constructions, Ltd. 3,325 10,932 Kolte-Patil Developers, Ltd. 7,629 20,056 Kotak Mahindra Bank, Ltd. 15,898 253,581 KPIT Technologies, Ltd. 51,243 101,925 KPR Mill, Ltd. 6,756 83,394 * KRBL, Ltd. 22,183 158,774 Kwality, Ltd. 16,088 36,507 L&T Finance Holdings, Ltd. 130,728 356,285 Lakshmi Machine Works, Ltd. 539 49,713 Lakshmi Vilas Bank, Ltd. (The) 24,560 68,508 Larsen & Toubro, Ltd. 22,601 420,336 LG Balakrishnan & Bros, Ltd. 995 11,650 LIC Housing Finance, Ltd. 75,083 806,173 Linde India, Ltd. 1,567 10,657 LT Foods, Ltd. 27,391 30,100 Lupin, Ltd. 13,464 216,390 Magma Fincorp, Ltd. 28,708 75,244 Maharashtra Seamless, Ltd. 9,479 59,358 Mahindra & Mahindra Financial Services, Ltd. 54,883 342,682 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) Mahindra & Mahindra, Ltd. 41,982 $919,866 * Mahindra CIE Automotive, Ltd. 19,952 77,792 Mahindra Holidays & Resorts India, Ltd. 16,619 106,136 Mahindra Lifespace Developers, Ltd. 5,457 35,808 Man Infraconstruction, Ltd. 22,902 23,167 Manappuram Finance, Ltd. 142,890 237,602 * Mangalore Refinery & Petrochemicals, Ltd. 40,362 77,845 Marico, Ltd. 54,062 280,720 Marksans Pharma, Ltd. 42,845 28,330 Maruti Suzuki India, Ltd. 2,847 343,653 Max Financial Services, Ltd. 15,722 149,246 * MAX India, Ltd. 21,042 49,030 * Max Ventures & Industries, Ltd. 4,208 5,442 Mayur Uniquoters, Ltd. 2,080 11,712 McLeod Russel India, Ltd. 21,709 59,327 Meghmani Organics, Ltd. 33,015 26,745 Mercator, Ltd. 30,039 19,101 Minda Corp., Ltd. 9,569 15,705 Minda Industries, Ltd. 7,537 93,092 MindTree, Ltd. 37,293 276,905 Mirza International, Ltd. 11,205 27,076 MOIL, Ltd. 14,489 79,737 Monsanto India, Ltd. 299 12,748 * Motherson Sumi Systems, Ltd. 35,175 178,288 Motilal Oswal Financial Services, Ltd. 5,363 89,187 Mphasis, Ltd. 19,311 181,217 * MPS, Ltd. 1,144 10,333 MRF, Ltd. 329 354,254 Muthoot Finance, Ltd. 23,563 174,198 Natco Pharma, Ltd. 6,410 97,675 National Aluminium Co., Ltd. 164,533 179,467 Nava Bharat Ventures, Ltd. 16,934 36,296 Navin Fluorine International, Ltd. 1,510 16,371 * Navkar Corp., Ltd. 4,480 14,166 Navneet Education, Ltd. 39,922 102,166 NBCC India, Ltd. 7,025 22,895 NCC, Ltd. 116,904 162,450 * NESCO, Ltd. 869 33,270 Nestle India, Ltd. 1,474 155,435 Neuland Laboratories, Ltd. 686 15,435 NHPC, Ltd. 138,291 65,510 NIIT Technologies, Ltd. 10,275 82,073 * NIIT, Ltd. 25,692 39,141 Nilkamal, Ltd. 1,276 37,218 NOCIL, Ltd. 9,619 21,638 NTPC, Ltd. 56,142 143,590 * Oberoi Realty, Ltd. 21,116 126,315 * OCL India, Ltd. 2,243 43,043 Oil & Natural Gas Corp., Ltd. 38,013 100,149 Oil India, Ltd. 20,875 94,682 Omaxe, Ltd. 12,587 40,123 Oracle Financial Services Software, Ltd. 1,158 65,726 Orient Cement Ltd. 11,985 29,131 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Orient Paper & Industries, Ltd. 9,394 $ 14,661 Oriental Bank of Commerce 29,982 68,931 Page Industries, Ltd. 395 101,062 * Patel Engineering, Ltd. 14,724 18,915 PC Jeweller, Ltd. 24,124 96,224 Persistent Systems, Ltd. 7,028 70,917 Petronet LNG, Ltd. 89,138 281,753 Pfizer, Ltd. 1,742 48,704 Phillips Carbon Black, Ltd. 2,479 22,542 Phoenix Mills, Ltd. (The) 6,886 52,486 PI Industries, Ltd. 9,937 118,300 Pidilite Industries, Ltd. 9,967 123,226 Piramal Enterprises, Ltd. 12,346 568,386 * Polaris Consulting & Services, Ltd. 554 1,995 Poly Medicure, Ltd. 3,192 11,019 Polyplex Corp., Ltd. 1,768 12,733 Power Finance Corp., Ltd. 216,853 420,661 Power Grid Corp. of India, Ltd. 42,790 148,670 Prabhat Dairy, Ltd. 9,482 19,511 * Praj Industries, Ltd. 23,067 27,747 * Prakash Industries, Ltd. 18,009 39,992 * Prestige Estates Projects, Ltd. 32,420 135,896 Procter & Gamble Hygiene & Health Care, Ltd. 1,013 127,104 PTC India Financial Services, Ltd. 58,589 36,697 PTC India, Ltd. 62,370 117,439 * Punjab National Bank 65,184 165,161 PVR, Ltd. 6,749 141,220 Radico Khaitan, Ltd. 16,295 35,771 Rain Industries, Ltd. 41,827 84,559 Rajesh Exports, Ltd. 24,542 272,337 Rallis India, Ltd. 14,400 54,153 Ramco Cements, Ltd. (The) 17,863 189,403 Ramco Industries, Ltd. 2,786 10,053 Ramkrishna Forgings, Ltd. 1,314 10,839 Rane Holdings, Ltd. 396 10,511 Rashtriya Chemicals & Fertilizers, Ltd. 46,747 63,436 * Ratnamani Metals & Tubes, Ltd. 3,384 43,244 * RattanIndia Power, Ltd. 183,153 18,983 Raymond, Ltd. 8,074 99,473 Redington India, Ltd. 62,177 145,028 Relaxo Footwears, Ltd. 2,790 20,708 Reliance Capital, Ltd. 39,642 445,802 * Reliance Communications, Ltd. 206,334 84,371 * Reliance Defence and Engineering, Ltd. 36,617 35,464 Reliance Industries, Ltd. 71,796 1,807,592 Reliance Infrastructure, Ltd. 19,657 161,773 * Reliance Power, Ltd. 179,289 126,165 Repco Home Finance, Ltd. 5,669 65,841 * Rolta India, Ltd. 20,833 18,882 Rural Electrification Corp., Ltd. 243,603 663,694 Sadbhav Engineering, Ltd. 16,560 75,655 * Sagar Cements, Ltd. 1,007 13,184 Sanghvi Movers, Ltd. 5,099 18,537 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) Sanofi India, Ltd. 1,783 $119,462 Schaeffler India, Ltd. 797 56,277 * Sequent Scientific, Ltd. 6,658 12,808 Sharda Cropchem, Ltd. 8,549 63,130 Shilpa Medicare, Ltd. 1,828 18,833 * Shipping Corp. of India, Ltd. 33,640 43,343 Shree Cement, Ltd. 484 141,493 Shriram City Union Finance, Ltd. 4,454 158,757 Shriram Transport Finance Co., Ltd. 23,823 380,216 * Sical Logistics, Ltd. 2,839 11,435 Siemens, Ltd. 3,779 85,320 Simplex Infrastructures, Ltd. 3,583 26,882 Sintex Industries, Ltd. 114,349 66,402 * Sintex Plastics Technology, Ltd. 114,349 152,314 * Siyaram Silk Mills, Ltd. 661 21,498 SJVN, Ltd. 83,096 43,142 SKF India, Ltd. 1,755 42,755 Skipper, Ltd. 6,465 23,184 SML ISUZU, Ltd. 1,708 29,855 Sobha, Ltd. 8,675 54,076 Solar Industries India, Ltd. 3,502 48,735 Somany Ceramics, Ltd. 1,346 16,782 Sonata Software, Ltd. 9,333 24,289 South Indian Bank, Ltd. (The) 273,597 129,048 SREI Infrastructure Finance, Ltd. 81,613 148,798 SRF, Ltd. 4,481 106,047 * Star Cement, Ltd. 7,554 14,955 State Bank of India 93,438 455,437 * Steel Authority of India, Ltd. 181,378 178,874 Sterlite Technologies, Ltd. 52,825 173,874 Strides Shasun, Ltd. 13,639 224,537 Subros, Ltd. 6,254 23,165 Sudarshan Chemical Industries, Ltd. 4,099 26,495 Sun Pharmaceutical Industries, Ltd. 79,123 654,045 Sun TV Network, Ltd. 29,483 359,487 Sundaram Finance, Ltd. 4,906 128,648 Sundram Fasteners, Ltd. 13,749 88,517 Sunteck Realty, Ltd. 7,134 25,505 Suprajit Engineering, Ltd. 4,327 19,840 Supreme Industries, Ltd. 5,433 94,269 Supreme Petrochem, Ltd. 9,100 49,460 Surya Roshni, Ltd. 5,070 22,233 Sutlej Textiles and Industries, Ltd. 183 2,555 * Suzlon Energy, Ltd. 607,473 179,404 Swaraj Engines, Ltd. 624 20,423 Symphony, Ltd. 2,169 48,675 * Syndicate Bank 67,528 77,478 TAKE Solutions, Ltd. 8,984 20,802 Tamil Nadu Newsprint & Papers, Ltd. 7,086 41,001 Tata Chemicals, Ltd. 13,903 134,063 Tata Communications, Ltd. 12,919 135,233 Tata Consultancy Services, Ltd. 10,370 403,222 Tata Elxsi, Ltd. 2,397 65,316 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Tata Global Beverages, Ltd. 108,936 $ 288,894 * Tata Motors, Ltd. 135,105 935,907 Tata Motors, Ltd. Sponsored ADR 2,004 69,018 Tata Power Co., Ltd. (The) 176,417 225,518 Tata Steel, Ltd. 71,318 630,926 * Tata Teleservices Maharashtra, Ltd. 144,337 17,436 TCI Express, Ltd. 3,754 31,960 Tech Mahindra, Ltd. 75,536 453,205 Techno Electric & Engineering Co., Ltd. 9,125 51,855 Texmaco Rail & Engineering, Ltd. 14,686 21,408 Thermax, Ltd. 5,959 80,596 Thomas Cook India, Ltd. 19,155 67,230 Time Technoplast, Ltd. 26,268 67,020 Timken India, Ltd. 1,416 15,880 Titagarh Wagons, Ltd. 7,032 13,392 Titan Co., Ltd. 11,477 97,289 Torrent Pharmaceuticals, Ltd. 8,398 172,084 Torrent Power, Ltd. 17,607 49,780 Transport Corp. of India, Ltd. 7,507 36,855 Trident, Ltd. 44,370 57,209 * Triveni Engineering & Industries, Ltd. 43,176 54,364 Triveni Turbine, Ltd. 9,284 20,583 TTK Prestige, Ltd. 207 20,561 Tube Investments of India, Ltd. 17,617 214,417 * TV18 Broadcast, Ltd. 162,424 101,225 TVS Motor Co., Ltd. 26,131 236,996 * TVS Srichakra, Ltd. 649 36,503 * UCO Bank 84,585 43,802 Uflex, Ltd. 11,771 81,518 UFO Moviez India, Ltd. 1,984 11,609 Ultratech Cement, Ltd. 2,714 171,916 Unichem Laboratories, Ltd. 9,296 38,296 * Union Bank of India 53,712 132,577 * Unitech, Ltd. 644,762 87,967 United Breweries, Ltd. 8,287 105,288 * United Spirits, Ltd. 3,002 118,570 UPL, Ltd. 63,908 871,200 V-Guard Industries, Ltd. 29,973 84,101 VA Tech Wabag, Ltd. 7,430 70,545 Vakrangee Ltd. 19,729 135,497 * Vardhman Textiles, Ltd. 5,504 104,929 Vedanta, Ltd. 261,778 1,140,373 Vedanta, Ltd. ADR 3,300 58,080 Venky's India, Ltd. 857 28,223 * Videocon Industries, Ltd. 24,504 9,468 Vijaya Bank 78,774 86,000 Vinati Organics, Ltd. 4,112 66,305 VIP Industries, Ltd. 14,795 39,658 Voltas, Ltd. 19,396 152,592 VRL Logistics, Ltd. 8,185 41,502 VST Industries, Ltd. 666 31,985 * VST Tillers Tractors, Ltd. 349 11,954 WABCO India, Ltd. 303 25,865 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) Welspun Corp., Ltd. 22,856 $ 46,225 * Welspun Enterprises, Ltd. 12,196 25,849 Welspun India, Ltd. 92,695 118,876 * Whirlpool of India, Ltd. 3,908 71,429 Wipro, Ltd. 106,110 477,555 Wockhardt, Ltd. 7,145 67,677 Yes Bank, Ltd. 47,652 1,345,778 Zee Entertainment Enterprises, Ltd. 46,659 392,783 Zensar Technologies, Ltd. 3,695 46,158 ----------- TOTAL INDIA 75,089,417 ----------- INDONESIA -- (0.6%) Ace Hardware Indonesia Tbk PT 2,023,900 168,696 Adaro Energy Tbk PT 4,731,200 633,643 Adhi Karya Persero Tbk PT 486,095 80,940 Agung Podomoro Land Tbk PT 1,187,400 19,961 AKR Corporindo Tbk PT 334,200 173,067 Alam Sutera Realty Tbk PT 3,082,000 74,494 * Aneka Tambang Persero Tbk PT 2,326,546 120,466 Astra Agro Lestari Tbk PT 112,300 124,095 Astra International Tbk PT 1,279,300 765,465 * Asuransi Kresna Mitra Tbk PT 301,300 15,721 Bank Bukopin Tbk 596,700 26,630 Bank Central Asia Tbk PT 396,300 556,424 Bank Danamon Indonesia Tbk PT 628,000 268,544 Bank Mandiri Persero Tbk PT 598,000 612,100 Bank Negara Indonesia Persero Tbk PT 693,000 387,189 * Bank Pan Indonesia Tbk PT 1,041,900 84,818 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 1,042,800 161,989 Bank Pembangunan Daerah Jawa Timur Tbk PT 877,600 41,477 * Bank Permata Tbk PT 905,805 47,936 Bank Rakyat Indonesia Persero Tbk PT 759,500 841,504 Bank Tabungan Negara Persero Tbk PT 1,284,600 250,646 * Barito Pacific Tbk PT 1,519,200 189,864 Bekasi Fajar Industrial Estate Tbk PT 1,149,700 26,746 Blue Bird Tbk PT 116,900 41,946 Bumi Serpong Damai Tbk PT 1,496,600 201,019 * Bumi Teknokultura Unggul Tbk PT 300,400 24,354 Charoen Pokphand Indonesia Tbk PT 915,600 183,367 Ciputra Development Tbk PT 3,530,747 274,279 * Citra Marga Nusaphala Persada Tbk PT 111,012 11,200 * Delta Dunia Makmur Tbk PT 1,960,200 116,981 Dharma Satya Nusantara Tbk PT 534,500 18,871 * Eagle High Plantations Tbk PT 3,170,000 51,854 Elnusa Tbk PT 943,300 18,978 Gajah Tunggal Tbk PT 388,100 27,943 * Garuda Indonesia Persero Tbk PT 1,664,100 43,238 Global Mediacom Tbk PT 2,862,300 111,640 Gudang Garam Tbk PT 29,700 169,691 * Hanson International Tbk PT 10,987,700 107,210 * Harum Energy Tbk PT 211,400 34,922 Holcim Indonesia Tbk PT 311,600 18,250 Indah Kiat Pulp & Paper Corp. Tbk PT 694,100 144,328 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- INDONESIA -- (Continued) * Indika Energy Tbk PT 312,300 $ 19,336 Indo Tambangraya Megah Tbk PT 133,100 199,791 Indocement Tunggal Prakarsa Tbk PT 205,100 269,223 Indofood CBP Sukses Makmur Tbk PT 114,400 71,672 Indofood Sukses Makmur Tbk PT 943,500 592,995 Indosat Tbk PT 80,800 39,420 Intiland Development Tbk PT 1,947,500 58,761 Japfa Comfeed Indonesia Tbk PT 1,547,500 135,256 Jasa Marga Persero Tbk PT 283,904 124,646 Kalbe Farma Tbk PT 806,600 104,974 Kawasan Industri Jababeka Tbk PT 1,296,610 30,941 KMI Wire & Cable Tbk PT 282,600 10,268 * Krakatau Steel Persero Tbk PT 1,204,811 53,794 * Kresna Graha Investama Tbk PT 1,255,700 39,581 Link Net Tbk PT 139,400 52,848 * Lippo Cikarang Tbk PT 119,200 39,281 Lippo Karawaci Tbk PT 4,293,000 230,341 Matahari Department Store Tbk PT 278,200 264,486 * Matahari Putra Prima Tbk PT 381,500 18,326 Mayora Indah Tbk PT 698,700 97,303 * Medco Energi Internasional Tbk PT 459,300 91,703 Media Nusantara Citra Tbk PT 1,025,900 138,508 Mitra Adiperkasa Tbk PT 291,200 137,676 Mitra Keluarga Karyasehat Tbk PT 154,900 26,038 * MNC Investama Tbk PT 6,418,300 52,501 Modernland Realty Tbk PT 2,090,900 43,624 Multipolar Tbk PT 3,130,100 48,882 Nippon Indosari Corpindo Tbk PT 290,900 27,293 * Nusantara Infrastructure Tbk PT 2,713,100 27,485 Pakuwon Jati Tbk PT 4,516,000 240,557 Pan Brothers Tbk PT 858,500 32,538 * Panin Financial Tbk PT 4,680,600 87,786 Pembangunan Perumahan Persero Tbk PT 432,863 98,490 Perusahaan Gas Negara Persero Tbk 891,300 150,498 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT 995,700 105,310 PP Properti Tbk PT 2,895,600 45,204 Ramayana Lestari Sentosa Tbk PT 579,100 41,075 Salim Ivomas Pratama Tbk PT 864,100 33,080 Sawit Sumbermas Sarana Tbk PT 821,900 90,363 * Sekawan Intipratama Tbk PT 253,200 589 Selamat Sempurna Tbk PT 205,700 17,372 Semen Baturaja Persero Tbk PT 971,200 240,545 Semen Indonesia Persero Tbk PT 516,000 385,138 * Sentul City Tbk PT 4,119,800 28,444 * Siloam International Hospitals Tbk PT 44,437 32,184 Sri Rejeki Isman Tbk PT 2,325,400 58,951 * Sugih Energy Tbk PT 2,199,900 8,255 Summarecon Agung Tbk PT 1,438,400 105,755 Surya Citra Media Tbk PT 580,300 102,778 Surya Semesta Internusa Tbk PT 1,315,300 67,647 Tambang Batubara Bukit Asam Persero Tbk PT 239,600 235,525 Telekomunikasi Indonesia Persero Tbk PT 386,400 135,808 Telekomunikasi Indonesia Persero Tbk PT Sponsored ADR 6,000 210,180 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDONESIA -- (Continued) * Tiga Pilar Sejahtera Food Tbk 494,100 $ 48,394 Timah Persero Tbk PT 1,283,200 77,517 Tiphone Mobile Indonesia Tbk PT 985,400 92,825 Total Bangun Persada Tbk PT 116,600 6,214 Tower Bersama Infrastructure Tbk PT 279,800 141,555 Tunas Baru Lampung Tbk PT 721,400 80,421 Unilever Indonesia Tbk PT 34,400 126,333 United Tractors Tbk PT 453,100 1,023,057 * Vale Indonesia Tbk PT 649,900 117,902 * Visi Media Asia Tbk PT 1,709,700 40,275 Waskita Karya Persero Tbk PT 1,150,123 206,252 Wijaya Karya Beton Tbk PT 410,600 18,656 Wijaya Karya Persero Tbk PT 842,434 131,454 * XL Axiata Tbk PT 1,012,100 255,254 ----------- TOTAL INDONESIA 15,239,620 ----------- IRELAND -- (0.4%) * Bank of Ireland Group P.L.C. 170,931 1,426,558 C&C Group P.L.C. 76,043 275,432 CRH P.L.C. 6,006 210,816 CRH P.L.C. Sponsored ADR 55,962 1,962,587 * FBD Holdings P.L.C. 3,118 31,194 Glanbia P.L.C. 38,237 791,554 * Independent News & Media P.L.C. 186,318 24,652 Irish Continental Group P.L.C. 39,076 248,245 Kerry Group P.L.C. Class A 8,522 771,348 Kingspan Group P.L.C. 39,093 1,302,142 Paddy Power Betfair P.L.C.(BWXC0Z1) 2,721 271,804 Paddy Power Betfair P.L.C.(BWT6H89) 11,263 1,128,484 Smurfit Kappa Group P.L.C. 52,472 1,560,571 ----------- TOTAL IRELAND 10,005,387 ----------- ISRAEL -- (0.5%) * ADO Group, Ltd. 2,791 39,222 * Africa Israel Properties, Ltd. 3,203 63,781 * Airport City, Ltd. 12,354 163,220 * Allot Communications, Ltd. 2,122 10,548 Alony Hetz Properties & Investments, Ltd. 8,346 83,296 Alrov Properties and Lodgings, Ltd. 2,682 77,143 Amot Investments, Ltd. 22,535 119,614 Arad, Ltd. 2,084 21,294 * Arko Holdings, Ltd. 54,324 25,467 Avgol Industries 1953, Ltd. 17,980 22,067 * Azorim-Investment Development & Construction Co., Ltd. 19,836 18,941 Azrieli Group, Ltd. 2,950 161,199 Bank Hapoalim BM 219,999 1,523,890 Bank Leumi Le-Israel BM 334,280 1,605,930 Bayside Land Corp. 137 58,982 Bezeq The Israeli Telecommunication Corp., Ltd. 94,872 140,851 Big Shopping Centers, Ltd. 830 58,147 Blue Square Real Estate, Ltd. 1,087 49,711 Carasso Motors, Ltd. 7,908 74,472 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- ISRAEL -- (Continued) * Cellcom Israel, Ltd. 24,501 $227,463 * Ceragon Networks, Ltd. 10,169 23,611 * Clal Insurance Enterprises Holdings, Ltd. 6,999 113,321 Danel Adir Yeoshua, Ltd. 515 23,756 Delek Automotive Systems, Ltd. 8,703 71,959 Delek Group, Ltd. 1,222 250,250 Delta-Galil Industries, Ltd. 3,504 97,040 Direct Insurance Financial Investments, Ltd. 3,949 42,341 El Al Israel Airlines 172,804 164,425 Elbit Systems, Ltd.(6308913) 1,672 211,116 Elbit Systems, Ltd.(M3760D101) 200 25,204 Electra Consumer Products 1970, Ltd. 4,899 96,069 Electra, Ltd. 404 79,891 First International Bank Of Israel, Ltd. 12,547 229,005 FMS Enterprises Migun, Ltd. 1,064 39,506 Formula Systems 1985, Ltd. 4,039 148,158 Fox Wizel, Ltd. 2,725 56,531 Frutarom Industries, Ltd. 2,673 189,522 * Gilat Satellite Networks, Ltd. 9,794 53,573 Hamlet Israel-Canada, Ltd. 779 11,268 Harel Insurance Investments & Financial Services, Ltd. 37,135 220,822 Hilan, Ltd. 2,751 49,936 IDI Insurance Co., Ltd. 1,518 86,562 * Industrial Buildings Corp., Ltd. 11,439 15,500 Inrom Construction Industries, Ltd. 18,124 83,723 Israel Chemicals, Ltd. 84,027 400,413 * Israel Discount Bank, Ltd. Class A 148,658 383,224 Issta Lines, Ltd. 441 9,798 * Jerusalem Oil Exploration 3,983 211,338 * Kenon Holdings, Ltd. 4,298 59,821 Kerur Holdings, Ltd. 1,136 32,093 Klil Industries, Ltd. 234 26,194 Magic Software Enterprises, Ltd. 1,425 11,312 Malam - Team, Ltd. 101 10,478 Matrix IT, Ltd. 9,815 100,872 Maytronics, Ltd. 8,042 28,738 * Mazor Robotics, Ltd. 1,381 27,602 Mega Or Holdings, Ltd. 1,143 11,795 Meitav Dash Investments, Ltd. 4,027 16,016 Melisron, Ltd. 3,269 166,643 Menora Mivtachim Holdings, Ltd. 6,566 79,592 Migdal Insurance & Financial Holding, Ltd. 139,722 143,325 Mivtach Shamir Holdings, Ltd. 1,390 28,827 Mizrahi Tefahot Bank, Ltd. 41,901 757,147 * Naphtha Israel Petroleum Corp., Ltd. 15,659 106,674 Nawi Brothers, Ltd. 3,087 20,169 Neto ME Holdings, Ltd. 220 21,501 Nice, Ltd. 3,603 268,560 # NIice, Ltd. Sponsored ADR 2,783 207,779 * Nova Measuring Instruments, Ltd. 4,257 100,201 Oil Refineries, Ltd. 449,809 209,159 * Partner Communications Co., Ltd. 57,066 289,169 Paz Oil Co., Ltd. 2,003 334,404 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ISRAEL -- (Continued) * Phoenix Holdings, Ltd. (The) 23,733 $ 100,957 Plasson Industries, Ltd. 610 22,439 Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. 1,932 91,998 Scope Metals Group, Ltd. 2,891 80,874 Shapir Engineering and Industry, Ltd. 21,410 71,510 # Shikun & Binui, Ltd. 91,460 210,309 Shufersal, Ltd. 31,362 170,401 Strauss Group, Ltd. 8,386 160,593 Summit Real Estate Holdings, Ltd. 1,683 11,043 * Suny Cellular Communication, Ltd. 31,041 23,137 Tadiran Holdings, Ltd. 690 18,611 Teva Pharmaceutical Industries, Ltd. Sponsored ADR 22,731 731,256 * Tower Semiconductor, Ltd. 14,832 387,857 * Union Bank of Israel 5,299 27,254 ----------- TOTAL ISRAEL 13,099,410 ----------- ITALY -- (2.2%) A2A SpA 492,034 837,009 ACEA SpA 25,047 375,994 Amplifon SpA 22,024 315,688 Anima Holding SpA 61,770 501,296 * Ansaldo STS SpA 10,980 150,683 * Arnoldo Mondadori Editore SpA 58,402 121,656 Ascopiave SpA 29,894 122,499 Assicurazioni Generali SpA 164,855 2,990,174 Astaldi SpA 14,038 93,246 Atlantia SpA 21,341 649,179 Autogrill SpA 41,716 495,299 # Azimut Holding SpA 27,147 608,237 #* Banca Carige SpA 300,788 90,291 Banca Generali SpA 14,075 499,292 Banca IFIS SpA 11,200 525,622 Banca Mediolanum SpA 69,935 611,500 #* Banca Monte dei Paschi di Siena SpA 520 6,956 Banca Popolare di Sondrio SCPA 111,952 488,520 Banca Sistema SpA 6,038 15,814 * Banco BPM SpA 336,360 1,225,092 Banco di Desio e della Brianza SpA 5,175 15,253 # BasicNet SpA 10,635 49,721 # BE 35,768 36,386 Biesse SpA 3,643 138,831 BPER Banca 160,800 883,361 Brembo SpA 29,736 457,266 Brunello Cucinelli SpA 6,387 187,621 Buzzi Unicem SpA 21,247 538,110 # Cairo Communication SpA 5,714 26,612 * Carraro SpA 10,101 36,103 Cementir Holding SpA 15,517 110,535 Cerved Information Solutions SpA 40,550 465,055 CIR-Compagnie Industriali Riunite SpA 132,882 197,756 CNH Industrial NV 156,507 1,812,889 Credito Emiliano SpA 28,501 245,841 #* Credito Valtellinese SpA 44,775 217,044 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) * d'Amico International Shipping SA 45,205 $ 14,050 Danieli & C Officine Meccaniche SpA 3,567 91,883 Datalogic SpA 5,165 158,584 Davide Campari-Milano SpA 85,368 631,072 De' Longhi SpA 10,082 331,575 DeA Capital SpA 33,527 49,798 DiaSorin SpA 5,252 458,068 Ei Towers SpA 7,515 459,740 El.En. SpA 2,220 65,072 Emak SpA 11,344 21,207 # Enel SpA 285,482 1,628,475 Eni SpA 205,577 3,254,929 # Eni SpA Sponsored ADR 768 24,253 ERG SpA 19,370 276,788 Esprinet SpA 10,197 78,764 Falck Renewables SpA 57,487 86,312 Ferrari NV 10,219 1,075,362 * Fiat Chrysler Automobiles NV 275,811 3,325,827 * Fincantieri SpA 173,288 204,746 FinecoBank Banca Fineco SpA 103,875 910,395 FNM SpA 36,539 23,233 * GEDI Gruppo Editoriale SpA 68,361 63,454 # Geox SpA 27,658 109,764 Gruppo MutuiOnline SpA 4,598 73,479 Hera SpA 258,963 837,380 * IMMSI SpA 79,637 43,170 Industria Macchine Automatiche SpA 5,088 504,329 Infrastrutture Wireless Italiane SpA 30,805 198,926 * Intek Group SpA 29,824 10,526 Interpump Group SpA 17,819 542,165 Intesa Sanpaolo SpA 663,588 2,284,354 Iren SpA 127,318 323,992 Italgas SpA 121,991 671,650 Italmobiliare SpA 1,878 53,353 IVS Group SA 1,731 27,551 #* Juventus Football Club SpA 125,442 88,209 La Doria SpA 3,268 39,669 Leonardo SpA 55,327 964,146 Luxottica Group SpA 3,454 199,397 # Maire Tecnimont SpA 36,484 204,683 MARR SpA 6,671 171,047 #* Mediaset SpA 225,087 879,879 Mediobanca SpA 101,036 1,054,171 Moncler SpA 48,475 1,301,763 Mondo TV SpA 8,830 41,952 Nice SpA 2,776 11,826 OVS SpA 28,615 216,458 # Parmalat SpA 83,885 303,988 # Piaggio & C SpA 91,911 255,156 Poste Italiane SpA 102,244 752,643 Prima Industrie SpA 1,396 43,506 Prysmian SpA 24,109 771,148 RAI Way SpA 13,051 71,821 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ITALY -- (Continued) Recordati SpA 10,740 $ 458,443 Reply SpA 1,008 213,113 #* Retelit SpA 42,365 65,039 * Rizzoli Corriere Della Sera Mediagroup SpA 22,784 32,721 SAES Getters SpA 2,847 59,790 * Safilo Group SpA 10,593 81,219 #* Saipem SpA 206,209 846,114 # Salini Impregilo SpA 73,356 257,678 # Salvatore Ferragamo SpA 16,560 480,013 Saras SpA 281,255 647,138 SAVE SpA 1,300 32,194 Sesa SpA 2,079 60,668 #* Snaitech SpA 34,897 67,525 Snam SpA 165,229 781,743 Societa Cattolica di Assicurazioni SCRL 47,338 409,350 Societa Iniziative Autostradali e Servizi SpA 26,019 358,019 #* Sogefi SpA 29,462 149,440 SOL SpA 9,483 115,095 Tamburi Investment Partners SpA 17,957 120,523 * Telecom Italia SpA 2,423,916 2,493,749 * Telecom Italia SpA Sponsored ADR 8,643 89,887 # Tenaris SA 22,438 355,025 Terna Rete Elettrica Nazionale SpA 123,120 703,355 #* Tiscali SpA 594,547 28,471 # Tod's SpA 3,794 263,579 #* Trevi Finanziaria Industriale SpA 41,634 35,446 TXT e-solutions SpA 1,093 15,581 * UniCredit SpA 247,236 4,859,161 Unione di Banche Italiane SpA 351,115 1,696,262 Unipol Gruppo Finanziario SpA 144,570 676,831 UnipolSai Assicurazioni SpA 241,830 559,057 Vittoria Assicurazioni SpA 6,680 93,619 #* Yoox Net-A-Porter Group SpA 7,565 250,571 Zignago Vetro SpA 3,284 29,220 ----------- TOTAL ITALY 59,813,758 ----------- JAPAN -- (16.5%) NJS Co., Ltd. 1,000 12,255 77 Bank, Ltd. (The) 110,000 567,118 A&D Co., Ltd. 2,600 10,804 ABC-Mart, Inc. 2,900 165,361 Abist Co., Ltd. 600 24,120 # Accretive Co., Ltd. 8,800 29,766 Achilles Corp. 5,100 89,843 #* Acom Co., Ltd. 8,900 37,902 Adastria Co., Ltd. 8,900 222,331 ADEKA Corp. 27,900 428,298 Advan Co., Ltd. 6,600 59,682 # Advantest Corp. 27,400 501,434 Aeon Co., Ltd. 79,424 1,196,761 Aeon Delight Co., Ltd. 7,200 240,523 Aeon Fantasy Co., Ltd. 3,300 101,633 AEON Financial Service Co., Ltd. 30,500 663,837 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Aeon Hokkaido Corp. 8,100 $ 45,473 Aeon Mall Co., Ltd. 13,100 249,503 # Agro-Kanesho Co., Ltd. 3,900 53,298 Ahresty Corp. 5,200 52,942 Ai Holdings Corp. 7,900 217,661 Aica Kogyo Co., Ltd. 13,800 442,848 Aichi Bank, Ltd. (The) 2,600 144,640 Aichi Corp. 6,000 42,524 Aichi Steel Corp. 3,400 142,295 Aida Engineering, Ltd. 15,700 158,797 Ain Holdings, Inc. 2,600 187,387 Aiphone Co., Ltd. 2,200 38,841 Air Water, Inc. 42,200 817,040 Airport Facilities Co., Ltd. 8,200 44,603 Aisan Industry Co., Ltd. 12,500 111,644 Aisin Seiki Co., Ltd. 31,100 1,616,857 AIT Corp. 2,100 20,515 Aizawa Securities Co., Ltd. 7,000 45,088 Ajinomoto Co., Inc. 21,000 422,368 Ajis Co., Ltd. 2,100 42,532 #* Akatsuki, Inc. 1,000 89,977 * Akebono Brake Industry Co., Ltd. 39,800 131,644 Akita Bank, Ltd. (The) 46,000 132,924 # Albis Co., Ltd. 1,800 75,148 Alconix Corp. 4,900 96,901 Alfresa Holdings Corp. 23,700 436,178 Alinco, Inc. 4,400 49,190 #* Allied Architects, Inc. 2,100 26,057 Alpen Co., Ltd. 6,200 113,318 Alpha Corp. 1,200 26,653 Alpine Electronics, Inc. 13,300 242,487 # Alps Electric Co., Ltd. 30,700 834,832 Alps Logistics Co., Ltd. 1,900 13,707 Altech Corp. 1,500 50,027 Amada Holdings Co., Ltd. 34,700 396,312 Amano Corp. 13,800 314,063 Amiyaki Tei Co., Ltd. 1,600 61,090 Amuse, Inc. 4,600 126,584 ANA Holdings, Inc. 45,000 154,492 Anest Iwata Corp. 8,600 80,117 Anicom Holdings, Inc. 3,200 81,003 Anritsu Corp. 19,800 159,527 AOI Electronic Co., Ltd. 600 24,436 AOI TYO Holdings, Inc. 3,240 33,582 AOKI Holdings, Inc. 14,900 192,867 Aomori Bank, Ltd. (The) 60,000 209,901 Aoyama Trading Co., Ltd. 13,900 484,515 Aozora Bank, Ltd. 164,000 630,260 # Apamanshop Holdings Co., Ltd. 3,200 23,038 Arakawa Chemical Industries, Ltd. 6,100 107,173 # Arata Corp. 2,100 74,254 Araya Industrial Co., Ltd. 12,000 21,537 Arcland Sakamoto Co., Ltd. 9,100 124,570 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Arcland Service Holdings Co., Ltd. 3,000 $ 52,197 Arcs Co., Ltd. 10,900 235,721 # Ardepro Co., Ltd. 36,100 46,435 Arealink Co., Ltd. 1,200 15,829 Argo Graphics, Inc. 1,700 41,532 Ariake Japan Co., Ltd. 1,400 100,368 Arisawa Manufacturing Co., Ltd. 14,200 120,892 #* Arrk Corp. 23,700 25,779 Artnature, Inc. 9,700 62,524 ArtSpark Holdings, Inc. 2,600 32,613 As One Corp. 1,700 84,922 Asahi Co., Ltd. 4,600 55,318 Asahi Diamond Industrial Co., Ltd. 17,500 132,350 Asahi Glass Co., Ltd. 27,400 1,153,251 Asahi Group Holdings, Ltd. 12,800 521,744 Asahi Holdings, Inc. 7,000 131,545 Asahi Intecc Co., Ltd. 5,200 233,508 Asahi Kasei Corp. 203,000 2,318,246 Asahi Kogyosha Co., Ltd. 1,100 33,152 Asahi Yukizai Corp. 20,000 47,652 Asante, Inc. 1,900 33,060 Asanuma Corp. 19,000 58,199 Asatsu-DK, Inc. 7,300 187,122 # Ashimori Industry Co., Ltd. 10,000 31,876 Asia Pile Holdings Corp. 5,300 35,922 # Asics Corp. 17,400 316,291 ASKA Pharmaceutical Co., Ltd. 3,700 55,379 # ASKUL Corp. 3,600 110,323 Astellas Pharma, Inc. 78,400 998,465 # Asti Corp. 2,000 10,947 # Asukanet Co., Ltd. 800 11,767 Asunaro Aoki Construction Co., Ltd. 4,000 34,315 # Ateam, Inc. 2,400 61,498 # Atom Corp. 22,300 159,377 Atsugi Co., Ltd. 54,000 60,260 Autobacs Seven Co., Ltd. 11,500 191,612 Avex Group Holdings, Inc. 10,100 132,816 Awa Bank, Ltd. (The) 58,000 380,927 Axial Retailing, Inc. 4,600 180,383 Azbil Corp. 10,400 410,818 Bandai Namco Holdings, Inc. 17,600 611,835 Bando Chemical Industries, Ltd. 10,400 106,411 Bank of Iwate, Ltd. (The) 5,000 194,622 Bank of Kochi, Ltd. (The) 9,000 10,277 Bank of Kyoto, Ltd. (The) 64,000 613,448 # Bank of Nagoya, Ltd. (The) 5,100 187,609 Bank of Okinawa, Ltd. (The) 6,900 272,430 Bank of Saga, Ltd. (The) 44,000 104,072 Bank of the Ryukyus, Ltd. 4,300 61,377 Bank of Toyama, Ltd. (The) 300 11,184 # Beenos, Inc. 900 11,930 Belc Co., Ltd. 3,900 177,152 Bell System24 Holdings, Inc. 14,300 160,579 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Belluna Co., Ltd. 11,800 $ 135,692 Benefit One, Inc. 4,400 178,680 Benesse Holdings, Inc. 9,500 363,582 Bic Camera, Inc. 35,800 415,506 Biofermin Pharmaceutical Co., Ltd. 400 11,099 BML, Inc. 7,800 160,466 # Bookoff Corp. 3,100 22,722 BP Castrol K.K. 2,900 48,503 Bridgestone Corp. 48,900 2,057,296 # Broadband Tower, Inc. 8,700 21,081 Broadleaf Co., Ltd. 13,200 88,692 # BRONCO BILLY Co., Ltd. 2,200 54,149 Brother Industries, Ltd. 51,500 1,313,995 Bunka Shutter Co., Ltd. 20,500 176,369 CAC Holdings Corp. 5,100 48,467 # Calbee, Inc. 4,100 169,978 Can Do Co., Ltd. 4,300 66,544 Canon Electronics, Inc. 6,800 132,404 Canon Marketing Japan, Inc. 12,200 269,481 Canon, Inc. 38,500 1,339,447 Canon, Inc. Sponsored ADR 1,500 52,395 Capcom Co., Ltd. 11,900 294,765 Carlit Holdings Co., Ltd. 2,300 13,371 Casio Computer Co., Ltd. 39,300 643,750 Cawachi, Ltd. 5,100 125,874 Central Automotive Products, Ltd. 3,900 55,039 Central Glass Co., Ltd. 49,000 214,986 Central Japan Railway Co. 3,100 498,874 # Central Security Patrols Co., Ltd. 2,100 38,597 Central Sports Co., Ltd. 2,200 93,391 Chiba Bank, Ltd. (The) 79,000 566,782 Chiba Kogyo Bank, Ltd. (The) 14,200 73,229 CHIMNEY Co., Ltd. 1,200 30,606 Chiyoda Co., Ltd. 5,000 130,274 Chiyoda Corp. 46,000 276,282 Chiyoda Integre Co., Ltd. 4,600 98,793 Chofu Seisakusho Co., Ltd. 6,500 158,979 Chori Co., Ltd. 3,000 55,596 Chubu Electric Power Co., Inc. 27,100 356,093 Chubu Shiryo Co., Ltd. 8,300 119,715 Chudenko Corp. 8,600 230,111 Chuetsu Pulp & Paper Co., Ltd. 31,000 64,638 Chugai Pharmaceutical Co., Ltd. 2,500 100,260 Chugai Ro Co., Ltd. 16,000 31,771 Chugoku Bank, Ltd. (The) 40,000 579,808 # Chugoku Electric Power Co., Inc. (The) 12,300 134,844 Chugoku Marine Paints, Ltd. 18,000 139,860 Chukyo Bank, Ltd. (The) 4,300 90,516 Chuo Spring Co., Ltd. 6,000 19,841 CI Takiron Corp. 15,000 81,699 Ci:z Holdings Co., Ltd. 7,800 280,497 Citizen Watch Co., Ltd. 81,400 605,223 CKD Corp. 13,500 226,184 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Clarion Co., Ltd. 45,000 $ 170,299 Cleanup Corp. 5,300 42,672 CMIC Holdings Co., Ltd. 3,500 48,612 CMK Corp. 16,400 146,613 Coca-Cola Bottlers Japan, Inc. 23,050 695,231 Coco's Japan Co., Ltd. 800 15,602 Cocokara fine, Inc. 4,100 214,253 # COLOPL, Inc. 20,600 231,026 # Colowide Co., Ltd. 15,100 262,175 Computer Engineering & Consulting, Ltd. 4,200 81,463 COMSYS Holdings Corp. 19,500 399,487 Comture Corp. 1,300 59,549 Concordia Financial Group, Ltd. 187,917 947,608 CONEXIO Corp. 3,400 55,998 # COOKPAD, Inc. 8,800 75,364 Core Corp. 1,800 26,011 Corona Corp. 5,900 61,892 Cosel Co., Ltd. 4,900 60,256 Cosmo Energy Holdings Co., Ltd. 18,600 322,289 Cosmos Pharmaceutical Corp. 1,000 212,894 Cota Co., Ltd. 1,300 14,430 # CRE, Inc. 1,000 13,937 # Create Restaurants Holdings, Inc. 10,900 111,397 Create SD Holdings Co., Ltd. 6,600 166,997 Credit Saison Co., Ltd. 27,200 523,912 Creek & River Co., Ltd. 4,300 53,116 Cresco, Ltd. 900 29,468 # CROOZ, Inc. 1,200 31,236 CTI Engineering Co., Ltd. 2,500 24,986 CTS Co., Ltd. 2,000 13,130 CyberAgent, Inc. 11,600 358,267 #* CYBERDYNE, Inc. 2,900 39,460 D.A. Consortium Holdings, Inc. 8,900 116,076 Dai Nippon Printing Co., Ltd. 59,000 650,778 Dai Nippon Toryo Co., Ltd. 42,000 116,862 Dai-Dan Co., Ltd. 7,000 95,819 Dai-ichi Life Holdings, Inc. 75,800 1,309,368 Dai-ichi Seiko Co., Ltd. 2,600 58,031 Daibiru Corp. 16,400 184,808 Daicel Corp. 48,600 631,708 Daido Kogyo Co., Ltd. 5,000 15,269 Daido Metal Co., Ltd. 12,500 112,039 Daido Steel Co., Ltd. 79,000 480,769 # Daidoh, Ltd. 5,800 23,254 Daifuku Co., Ltd. 13,700 473,142 Daihatsu Diesel Manufacturing Co., Ltd. 2,100 13,599 Daihen Corp. 25,000 222,871 Daiho Corp. 29,000 140,148 Daiichi Jitsugyo Co., Ltd. 14,000 81,235 Daiichi Kigenso Kagaku-Kogyo Co., Ltd. 5,900 71,188 Daiichi Sankyo Co., Ltd. 22,100 481,980 Daiichikosho Co., Ltd. 8,100 390,117 Daiken Corp. 4,400 107,799 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Daiken Medical Co., Ltd. 4,500 $ 32,187 Daiki Aluminium Industry Co., Ltd. 9,000 55,294 Daiki Axis Co., Ltd. 1,300 12,098 Daikin Industries, Ltd. 8,000 846,986 # Daikoku Denki Co., Ltd. 4,400 68,392 Daikokutenbussan Co., Ltd. 1,300 64,466 * Daikokuya Holdings Co., Ltd. 15,100 11,358 Daikyo, Inc. 97,000 203,176 Daikyonishikawa Corp. 16,700 249,426 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 20,000 167,175 # Daio Paper Corp. 27,100 351,897 Daisan Bank, Ltd. (The) 4,300 66,864 Daiseki Co., Ltd. 6,600 156,750 # Daiseki Eco. Solution Co., Ltd. 1,200 15,555 Daishi Bank, Ltd. (The) 88,000 403,294 Daishinku Corp. 2,600 43,833 Daisue Construction Co., Ltd. 2,700 25,454 Daito Pharmaceutical Co., Ltd. 4,150 110,730 Daito Trust Construction Co., Ltd. 3,400 574,679 Daitron Co., Ltd. 1,100 15,629 Daiwa House Industry Co., Ltd. 29,600 1,032,489 Daiwa Industries, Ltd. 9,300 106,064 Daiwa Securities Group, Inc. 178,000 1,025,156 Daiwabo Holdings Co., Ltd. 70,000 275,477 Daiyu Lic Holdings Co., Ltd. 2,800 22,515 DCM Holdings Co., Ltd. 33,700 293,472 Dena Co., Ltd. 20,400 448,170 Denka Co., Ltd. 136,000 755,293 Denki Kogyo Co., Ltd. 17,000 87,318 Denso Corp. 19,900 955,705 Dentsu, Inc. 10,300 481,604 Denyo Co., Ltd. 4,400 77,365 Descente, Ltd. 10,700 155,466 # Dexerials Corp. 7,900 95,472 DIC Corp. 38,800 1,463,474 Digital Arts, Inc. 2,100 71,625 Dip Corp. 7,800 164,547 Disco Corp. 3,100 549,426 DKS Co., Ltd. 14,000 67,635 DMG Mori Co., Ltd. 40,100 665,203 Don Quijote Holdings Co., Ltd. 6,200 225,177 Doshisha Co., Ltd. 4,900 98,713 Doutor Nichires Holdings Co., Ltd. 6,400 141,446 Dowa Holdings Co., Ltd. 96,000 775,042 Dream Incubator, Inc. 600 11,790 * Drecom Co., Ltd. 2,600 34,415 DTS Corp. 7,500 228,953 Dunlop Sports Co., Ltd. 2,800 28,563 Duskin Co., Ltd. 12,800 347,480 # Dvx, Inc. 3,100 35,390 # DyDo Group Holdings, Inc. 3,000 148,788 Eagle Industry Co., Ltd. 10,600 184,485 Earth Chemical Co., Ltd. 3,200 177,525 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) East Japan Railway Co. 6,900 $647,098 Ebara Corp. 21,000 614,334 Ebara Jitsugyo Co., Ltd. 1,100 15,606 Eco's Co., Ltd. 3,200 32,363 # EDION Corp. 24,400 224,811 EF-ON, Inc. 3,600 32,517 eGuarantee, Inc. 1,700 39,988 # Ehime Bank, Ltd. (The) 8,600 108,675 Eidai Co., Ltd. 3,000 14,169 Eighteenth Bank, Ltd. (The) 36,000 95,819 Eiken Chemical Co., Ltd. 3,600 119,194 Eisai Co., Ltd. 2,300 123,260 Eizo Corp. 5,100 204,477 Elecom Co., Ltd. 3,400 73,370 Electric Power Development Co., Ltd. 6,300 159,627 Elematec Corp. 2,700 48,980 EM Systems Co., Ltd. 2,600 60,185 en-japan, Inc. 7,900 226,518 Endo Lighting Corp. 3,100 35,070 #* Eneres Co., Ltd. 3,700 16,971 #* Enigmo, Inc. 2,100 31,482 Enplas Corp. 3,800 156,384 EPS Holdings, Inc. 12,500 205,005 # eRex Co., Ltd. 7,200 63,399 # ES-Con Japan, Ltd. 15,100 72,566 ESPEC Corp. 7,400 126,413 Excel Co., Ltd. 2,600 33,856 Exedy Corp. 9,300 291,062 Ezaki Glico Co., Ltd. 3,300 173,516 F&M Co., Ltd. 1,700 17,435 F-Tech, Inc. 2,700 37,358 F@N Communications, Inc. 9,300 85,155 Falco Holdings Co., Ltd. 3,000 41,985 FamilyMart UNY Holdings Co., Ltd. 11,385 637,623 Fancl Corp. 2,200 47,348 FANUC Corp. 2,200 449,800 Fast Retailing Co., Ltd. 1,300 390,064 FCC Co., Ltd. 11,000 240,545 #* FDK Corp. 22,000 29,432 Feed One Co., Ltd. 44,200 97,023 Ferrotec Holdings Corp. 10,100 149,874 * FFRI, Inc. 800 36,008 FIDEA Holdings Co., Ltd. 62,000 101,652 Fields Corp. 6,700 71,189 Financial Products Group Co., Ltd. 17,000 192,429 # FINDEX, Inc. 2,000 17,043 First Juken Co., Ltd. 1,800 25,846 # Fixstars Corp. 900 29,670 FJ Next Co., Ltd. 4,100 33,013 Foster Electric Co., Ltd. 8,500 166,899 FP Corp. 8,100 443,137 France Bed Holdings Co., Ltd. 5,200 47,353 # Freebit Co., Ltd. 6,000 48,577 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Freund Corp. 3,000 $ 42,987 FTGroup Co., Ltd. 6,700 59,987 Fudo Tetra Corp. 62,300 102,849 Fuji Co., Ltd. 3,900 97,093 # Fuji Corp. 3,600 66,468 Fuji Corp., Ltd. 7,100 48,153 Fuji Electric Co., Ltd. 133,000 732,266 Fuji Kiko Co., Ltd. 4,100 27,319 # Fuji Kyuko Co., Ltd. 10,000 105,263 Fuji Machine Manufacturing Co., Ltd. 21,900 356,309 Fuji Media Holdings, Inc. 11,200 161,821 Fuji Oil Co., Ltd. 23,400 71,318 Fuji Oil Holdings, Inc. 15,300 361,492 Fuji Pharma Co., Ltd. 2,000 68,387 Fuji Seal International, Inc. 15,600 437,766 Fuji Soft, Inc. 6,800 195,148 Fujibo Holdings, Inc. 3,800 115,295 Fujicco Co., Ltd. 1,800 43,632 FUJIFILM Holdings Corp. 17,400 639,595 Fujikura Kasei Co., Ltd. 8,400 49,385 Fujikura Rubber, Ltd. 6,300 39,925 Fujikura, Ltd. 116,800 983,369 Fujimi, Inc. 6,500 146,689 Fujimori Kogyo Co., Ltd. 5,100 151,941 Fujio Food System Co., Ltd. 1,000 15,946 # Fujisash Co., Ltd. 23,300 24,032 Fujishoji Co., Ltd. 2,000 21,978 Fujita Kanko, Inc. 2,700 97,665 Fujitec Co., Ltd. 16,000 220,722 Fujitsu Frontech, Ltd. 3,800 72,374 Fujitsu General, Ltd. 13,000 274,408 Fujitsu, Ltd. 279,000 2,077,637 Fujiya Co., Ltd. 2,100 47,150 FuKoKu Co., Ltd. 1,900 18,016 Fukuda Corp. 1,200 55,042 Fukuda Denshi Co., Ltd. 400 29,735 Fukui Bank, Ltd. (The) 82,000 199,834 Fukui Computer Holdings, Inc. 2,100 76,592 Fukuoka Financial Group, Inc. 143,000 659,277 Fukushima Bank, Ltd. (The) 65,000 51,244 Fukushima Industries Corp. 4,300 178,548 Fukuyama Transporting Co., Ltd. 48,000 306,576 FULLCAST Holdings Co., Ltd. 5,100 64,198 # Fumakilla, Ltd. 8,000 85,632 Funai Electric Co., Ltd. 8,500 77,057 Funai Soken Holdings, Inc. 4,580 119,318 # Furukawa Battery Co., Ltd. (The) 4,000 33,425 Furukawa Co., Ltd. 86,000 159,551 Furukawa Electric Co., Ltd. 23,200 1,046,992 Furuno Electric Co., Ltd. 10,200 61,089 Furusato Industries, Ltd. 2,600 41,387 Furyu Corp. 4,100 47,201 Fuso Chemical Co., Ltd. 5,200 173,238 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Fuso Pharmaceutical Industries, Ltd. 2,600 $ 65,446 Futaba Corp. 10,900 199,902 Futaba Industrial Co., Ltd. 19,300 199,969 Future Corp. 10,500 84,928 Fuyo General Lease Co., Ltd. 5,700 334,171 G-7 Holdings, Inc. 2,200 46,274 G-Tekt Corp. 5,800 112,249 Gakken Holdings Co., Ltd. 1,100 32,711 Gakkyusha Co., Ltd. 2,100 30,752 # GCA Corp. 10,000 88,728 Gecoss Corp. 4,900 55,502 # Genky Stores, Inc. 2,000 74,549 Geo Holdings Corp. 9,000 98,401 Geostr Corp. 4,400 37,748 Gfoot Co., Ltd. 4,800 35,450 # Giken, Ltd. 2,700 72,061 # GLOBERIDE, Inc. 2,900 50,199 Glory, Ltd. 12,000 399,603 # GMO Click Holdings, Inc. 4,300 29,906 GMO Cloud K.K. 600 21,689 GMO internet, Inc. 21,100 272,113 GMO Payment Gateway, Inc. 2,900 171,062 Godo Steel, Ltd. 3,600 68,592 # Gokurakuyu Holdings Co., Ltd. 6,900 50,400 Goldcrest Co., Ltd. 6,600 147,019 Golf Digest Online, Inc. 6,700 49,670 # Gree, Inc. 11,100 85,279 GS Yuasa Corp. 135,000 637,168 GSI Creos Corp. 18,000 23,990 Gun-Ei Chemical Industry Co., Ltd. 1,300 43,235 # GungHo Online Entertainment, Inc. 68,400 184,808 Gunma Bank, Ltd. (The) 97,000 568,319 Gunze, Ltd. 44,000 169,791 Gurunavi, Inc. 5,700 93,243 H-One Co., Ltd. 6,100 69,951 H2O Retailing Corp. 24,000 392,714 HABA Laboratories, Inc. 900 30,221 Hachijuni Bank, Ltd. (The) 83,100 527,590 Hagihara Industries, Inc. 2,000 57,382 Hagiwara Electric Co., Ltd. 1,900 40,604 Hakuhodo DY Holdings, Inc. 11,200 157,189 Hakuto Co., Ltd. 6,400 86,303 Halows Co., Ltd. 1,800 38,900 Hamakyorex Co., Ltd. 6,100 161,286 Hamamatsu Photonics K.K. 4,300 136,682 Haneda Zenith Holdings Co., Ltd. 5,400 16,822 Hankyu Hanshin Holdings, Inc. 33,400 1,192,095 Hanwa Co., Ltd. 50,000 357,582 Happinet Corp. 4,400 79,381 # Harada Industry Co., Ltd. 1,800 12,867 # Hard Off Corp. Co., Ltd. 3,100 32,143 Harima Chemicals Group, Inc. 3,800 36,928 # Harmonic Drive Systems, Inc. 3,600 155,503 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Haruyama Holdings, Inc. 2,200 $ 20,314 Haseko Corp. 43,700 547,152 # Havix Corp. 900 8,994 # Hayashikane Sangyo Co., Ltd. 1,400 10,908 Hazama Ando Corp. 66,600 459,575 # Hearts United Group Co., Ltd. 2,600 40,682 Heiwa Corp. 19,200 422,389 Heiwa Real Estate Co., Ltd. 11,600 181,928 Heiwado Co., Ltd. 8,900 202,244 HI-LEX Corp. 4,700 122,844 Hibino Corp. 600 12,326 Hibiya Engineering, Ltd. 5,400 98,742 Hiday Hidaka Corp. 3,668 97,906 Hikari Tsushin, Inc. 1,100 120,119 Hino Motors, Ltd. 47,800 562,591 Hioki EE Corp. 2,000 40,499 Hirakawa Hewtech Corp. 3,000 41,068 # Hiramatsu, Inc. 5,300 29,617 Hirano Tecseed Co., Ltd. 5,000 73,906 # Hirata Corp. 1,100 124,483 Hirose Electric Co., Ltd. 1,100 149,785 Hiroshima Bank, Ltd. (The) 97,000 414,651 Hiroshima Gas Co., Ltd. 9,300 29,850 HIS Co., Ltd. 13,400 412,007 Hisaka Works, Ltd. 7,300 65,491 Hisamitsu Pharmaceutical Co., Inc. 2,400 112,512 Hitachi Capital Corp. 20,900 497,202 Hitachi Chemical Co., Ltd. 19,400 551,537 Hitachi Construction Machinery Co., Ltd. 23,800 681,326 Hitachi High-Technologies Corp. 12,400 456,430 Hitachi Kokusai Electric, Inc. 11,600 299,041 Hitachi Maxell, Ltd. 11,100 245,614 Hitachi Metals, Ltd. 35,700 496,876 Hitachi Transport System, Ltd. 16,900 388,998 Hitachi Zosen Corp. 51,800 272,673 Hitachi, Ltd. 678,000 4,664,514 Hitachi, Ltd. ADR 2,000 138,180 Hito Communications, Inc. 2,200 34,770 Hochiki Corp. 5,800 99,718 Hodogaya Chemical Co., Ltd. 1,700 72,954 Hogy Medical Co., Ltd. 2,800 204,359 Hokkaido Electric Power Co., Inc. 34,900 262,833 Hokkaido Gas Co., Ltd. 6,000 14,968 Hokko Chemical Industry Co., Ltd. 5,000 27,262 Hokkoku Bank, Ltd. (The) 80,000 323,313 Hokuetsu Bank, Ltd. (The) 6,600 156,679 Hokuetsu Industries Co., Ltd. 6,000 52,197 Hokuetsu Kishu Paper Co., Ltd. 38,900 272,960 Hokuhoku Financial Group, Inc. 29,600 481,191 Hokuriku Electric Industry Co., Ltd. 14,000 20,688 # Hokuriku Electric Power Co. 30,900 286,085 Hokuriku Electrical Construction Co., Ltd. 3,500 30,099 Hokuto Corp. 5,100 90,997 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Honda Motor Co., Ltd. 171,800 $4,808,999 # Honda Motor Co., Ltd. Sponsored ADR 10,600 297,012 Honda Tsushin Kogyo Co., Ltd. 1,400 21,989 Honeys Holdings Co., Ltd. 4,900 55,348 Hoosiers Holdings 10,700 107,290 Horiba, Ltd. 7,400 453,293 Hoshizaki Corp. 2,200 212,952 Hosiden Corp. 19,200 222,072 Hosokawa Micron Corp. 2,000 97,167 Hotland Co., Ltd. 900 12,002 House Foods Group, Inc. 13,200 340,750 # Howa Machinery, Ltd. 6,900 50,961 Hoya Corp. 10,200 575,146 Hulic Co., Ltd. 9,100 96,083 Hyakugo Bank, Ltd. (The) 71,000 286,281 Hyakujushi Bank, Ltd. (The) 80,000 259,509 I K K, Inc. 5,600 42,118 I-Net Corp. 3,910 45,219 I-O Data Device, Inc. 1,800 19,961 Ibiden Co., Ltd. 32,200 558,815 IBJ Leasing Co., Ltd. 10,000 237,901 # IBJ, Inc. 3,200 20,616 Ichibanya Co., Ltd. 2,098 74,725 # Ichigo, Inc. 43,300 132,251 Ichiken Co., Ltd. 7,000 25,962 Ichikoh Industries, Ltd. 23,000 180,297 Ichimasa Kamaboko Co., Ltd. 3,500 43,139 Ichinen Holdings Co., Ltd. 6,800 79,767 Ichiyoshi Securities Co., Ltd. 8,600 77,109 Icom, Inc. 2,700 57,579 Idec Corp. 3,600 60,028 Idemitsu Kosan Co., Ltd. 24,300 589,797 # IDOM, Inc. 22,900 151,682 Ihara Science Corp. 600 11,779 * IHI Corp. 304,000 1,001,968 Iida Group Holdings Co., Ltd. 20,900 357,097 Iino Kaiun Kaisha, Ltd. 32,700 150,358 IJT Technology Holdings Co., Ltd. 1,000 5,654 # Ikegami Tsushinki Co., Ltd. 31,000 44,938 # Imagica Robot Holdings, Inc. 7,200 45,668 Imasen Electric Industrial 4,800 53,743 Inaba Denki Sangyo Co., Ltd. 7,800 307,223 # Inaba Seisakusho Co., Ltd. 3,800 46,981 Inabata & Co., Ltd. 14,100 198,199 Inageya Co., Ltd. 5,100 80,259 Ines Corp. 1,800 17,100 Infocom Corp. 6,600 161,470 Infomart Corp. 22,500 165,183 Information Development Co. 3,000 34,474 Information Services International-Dentsu, Ltd. 4,900 111,094 Innotech Corp. 8,200 55,858 Inpex Corp. 88,200 858,321 Intage Holdings, Inc. 6,600 134,886 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Internet Initiative Japan, Inc. 10,500 $ 189,827 Inui Global Logistics Co., Ltd. 5,100 39,082 Investors Cloud Co., Ltd. 900 46,123 Iriso Electronics Co., Ltd. 3,200 275,419 Iseki & Co., Ltd. 6,600 137,276 Isetan Mitsukoshi Holdings, Ltd. 60,900 593,479 * Ishihara Sangyo Kaisha, Ltd. 13,100 143,508 Istyle, Inc. 9,400 62,582 Isuzu Motors, Ltd. 105,800 1,450,750 Itfor, Inc. 5,200 29,300 Ito En, Ltd. 11,100 410,460 ITOCHU Corp. 63,100 989,503 Itochu Enex Co., Ltd. 16,500 148,477 Itochu Techno-Solutions Corp. 6,100 212,412 Itochu-Shokuhin Co., Ltd. 1,200 49,838 Itoham Yonekyu Holdings, Inc. 18,000 167,417 Itoki Corp. 15,400 125,096 * Itokuro, Inc. 600 26,736 # Ivy Cosmetics Corp. 300 21,233 IwaiCosmo Holdings, Inc. 7,900 92,647 Iwaki & Co., Ltd. 6,000 22,293 Iwasaki Electric Co., Ltd. 17,000 32,869 Iwatani Corp. 72,000 466,759 Iwatsu Electric Co., Ltd. 26,000 21,201 Iyo Bank, Ltd. (The) 61,900 505,417 Izumi Co., Ltd. 5,200 271,289 J Front Retailing Co., Ltd. 47,900 684,602 # J Trust Co., Ltd. 20,300 161,820 J-Oil Mills, Inc. 3,600 125,645 JAC Recruitment Co., Ltd. 4,600 75,057 Jaccs Co., Ltd. 46,000 215,660 Jafco Co., Ltd. 10,500 502,142 # Jalux, Inc. 2,200 55,467 # Jamco Corp. 3,900 98,862 Janome Sewing Machine Co., Ltd. 7,000 57,040 Japan Airlines Co., Ltd. 21,700 701,114 Japan Airport Terminal Co., Ltd. 2,600 96,373 Japan Asia Group, Ltd. 8,500 33,078 * Japan Asia Investment Co., Ltd. 3,800 14,671 * Japan Asset Marketing Co., Ltd. 50,200 59,143 Japan Aviation Electronics Industry, Ltd. 18,000 284,384 # Japan Cash Machine Co., Ltd. 3,500 37,771 #* Japan Display, Inc. 115,000 205,817 #* Japan Drilling Co., Ltd. 2,700 51,734 Japan Exchange Group, Inc. 32,000 574,314 Japan Foundation Engineering Co., Ltd. 8,700 30,771 Japan Lifeline Co., Ltd. 5,700 262,038 # Japan Material Co., Ltd. 4,000 78,285 Japan Meat Co., Ltd. 800 13,160 Japan Medical Dynamic Marketing, Inc. 7,100 63,343 # Japan Petroleum Exploration Co., Ltd. 6,600 137,064 Japan Property Management Center Co., Ltd. 3,600 48,084 Japan Pulp & Paper Co., Ltd. 24,000 91,825 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Japan Radio Co., Ltd. 3,600 $ 46,486 Japan Securities Finance Co., Ltd. 29,900 150,104 Japan Steel Works, Ltd. (The) 21,300 351,774 Japan Tobacco, Inc. 37,900 1,316,992 Japan Transcity Corp. 6,000 23,205 Japan Wool Textile Co., Ltd. (The) 16,100 137,933 # Jastec Co., Ltd. 2,800 33,213 JBCC Holdings, Inc. 6,700 56,423 JCU Corp. 3,800 139,440 Jeol, Ltd. 11,000 59,960 JFE Holdings, Inc. 68,600 1,323,191 JGC Corp. 24,900 398,876 #* JIG-SAW, Inc. 800 46,097 Jimoto Holdings, Inc. 39,700 70,886 JINS, Inc. 3,600 219,226 JK Holdings Co., Ltd. 4,900 31,094 JMS Co., Ltd. 9,000 26,852 Joban Kosan Co., Ltd. 1,000 16,425 Joshin Denki Co., Ltd. 5,000 70,348 Joyful Honda Co., Ltd. 6,800 188,067 # JP-Holdings, Inc. 15,500 39,778 JSP Corp. 4,700 148,514 JSR Corp. 29,700 523,374 JTEKT Corp. 44,700 636,248 Juki Corp. 12,700 192,114 Juroku Bank, Ltd. (The) 99,000 313,855 Justsystems Corp. 6,400 98,510 JVC Kenwood Corp. 44,800 130,444 JXTG Holdings, Inc. 418,600 1,860,687 K&O Energy Group, Inc. 4,200 64,205 # K's Holdings Corp. 28,800 578,183 kabu.com Securities Co., Ltd. 37,400 121,330 * Kadokawa Dwango 15,700 207,402 Kaga Electronics Co., Ltd. 6,700 147,788 Kagome Co., Ltd. 5,600 170,112 Kajima Corp. 142,000 1,238,189 # Kakaku.com, Inc. 19,300 272,686 Kaken Pharmaceutical Co., Ltd. 4,200 223,550 Kakiyasu Honten Co., Ltd. 700 12,465 Kameda Seika Co., Ltd. 3,800 189,874 Kamei Corp. 6,600 94,328 Kamigumi Co., Ltd. 42,000 450,118 Kanaden Corp. 4,400 46,834 Kanagawa Chuo Kotsu Co., Ltd. 5,000 33,019 Kanamoto Co., Ltd. 12,400 444,531 Kandenko Co., Ltd. 34,000 363,873 Kaneka Corp. 76,000 609,000 Kaneko Seeds Co., Ltd. 3,200 41,837 Kanematsu Corp. 129,000 281,907 Kanematsu Electronics, Ltd. 2,800 82,908 Kansai Electric Power Co., Inc. (The) 26,500 355,818 Kansai Paint Co., Ltd. 7,000 160,115 Kansai Super Market, Ltd. 3,900 52,534 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kansai Urban Banking Corp. 10,700 $ 137,180 Kanto Denka Kogyo Co., Ltd. 20,600 187,867 Kao Corp. 12,900 785,410 * Kappa Create Co., Ltd. 5,000 58,125 Kasai Kogyo Co., Ltd. 8,900 115,853 Katakura Industries Co., Ltd. 7,600 88,051 Kato Sangyo Co., Ltd. 6,700 180,467 Kato Works Co., Ltd. 1,600 51,470 KAWADA TECHNOLOGIES, Inc. 1,200 82,399 Kawagishi Bridge Works Co., Ltd. 3,000 25,155 Kawai Musical Instruments Manufacturing Co., Ltd. 2,200 45,839 Kawasaki Heavy Industries, Ltd. 214,000 681,354 * Kawasaki Kisen Kaisha, Ltd. 211,740 525,720 Kawasumi Laboratories, Inc. 3,600 22,862 KDDI Corp. 101,200 2,681,494 Keihan Holdings Co., Ltd. 100,000 646,978 Keihanshin Building Co., Ltd. 11,100 70,252 Keihin Corp. 12,600 181,300 Keikyu Corp. 19,000 220,507 Keio Corp. 24,000 200,983 Keisei Electric Railway Co., Ltd. 8,999 246,259 Keiyo Bank, Ltd. (The) 68,000 287,699 Keiyo Co., Ltd. 10,800 75,023 # Kenedix, Inc. 46,500 238,068 # Kenko Mayonnaise Co., Ltd. 4,700 132,102 Kewpie Corp. 12,500 314,419 Key Coffee, Inc. 2,900 57,407 Keyence Corp. 1,000 461,914 KFC Holdings Japan, Ltd. 5,000 90,498 KFC, Ltd. 700 13,347 Ki-Star Real Estate Co., Ltd. 2,400 43,679 Kikkoman Corp. 3,700 113,321 Kimoto Co., Ltd. 9,700 21,869 Kinden Corp. 27,600 429,607 King Jim Co., Ltd. 4,200 38,934 #* Kinki Sharyo Co., Ltd. (The) 600 13,961 * Kintetsu Department Store Co., Ltd. 17,000 56,541 Kintetsu Group Holdings Co., Ltd. 75,000 287,605 Kintetsu World Express, Inc. 9,200 161,111 Kirin Holdings Co., Ltd. 29,000 638,689 Kissei Pharmaceutical Co., Ltd. 9,300 240,490 Kita-Nippon Bank, Ltd. (The) 2,100 60,224 Kitagawa Iron Works Co., Ltd. 3,200 68,399 Kitano Construction Corp. 10,000 34,630 Kito Corp. 7,600 87,909 Kitz Corp. 22,900 204,918 Kiyo Bank, Ltd. (The) 19,900 332,809 #* KLab, Inc. 16,600 282,377 * KNT-CT Holdings Co., Ltd. 33,000 55,230 Koa Corp. 11,700 206,396 Koatsu Gas Kogyo Co., Ltd. 6,000 44,582 Kobayashi Pharmaceutical Co., Ltd. 2,400 149,162 Kobe Bussan Co., Ltd. 2,400 118,937 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) * Kobe Electric Railway Co., Ltd. 11,000 $ 40,206 * Kobe Steel, Ltd. 65,300 816,773 Kohnan Shoji Co., Ltd. 2,200 40,121 Kohsoku Corp. 3,600 35,756 Koito Manufacturing Co., Ltd. 7,300 426,438 * Kojima Co., Ltd. 4,900 16,307 Kokusai Co., Ltd. 1,000 10,378 Kokuyo Co., Ltd. 28,200 449,057 KOMAIHALTEC, Inc. 1,900 39,133 Komatsu Seiren Co., Ltd. 9,900 68,784 Komatsu Wall Industry Co., Ltd. 2,000 37,684 Komatsu, Ltd. 41,600 1,115,609 Komehyo Co., Ltd. 3,200 37,798 Komeri Co., Ltd. 9,100 266,243 Komori Corp. 14,300 170,035 Konaka Co., Ltd. 5,800 31,289 Konami Holdings Corp. 10,500 547,616 Kondotec, Inc. 1,700 15,472 Konica Minolta, Inc. 88,800 735,548 Konishi Co., Ltd. 9,300 142,073 Konoike Transport Co., Ltd. 9,600 130,745 # Konoshima Chemical Co., Ltd. 3,900 63,415 Kose Corp. 1,800 200,307 # Kosei Securities Co., Ltd. (The) 14,000 20,296 Koshidaka Holdings Co., Ltd. 2,700 73,246 Kotobuki Spirits Co., Ltd. 4,300 158,708 # Kourakuen Holdings Corp. 2,000 31,917 Krosaki Harima Corp. 16,000 70,071 KRS Corp. 1,900 51,521 Kubota Corp. 18,000 312,572 Kubota Corp. Sponsored ADR 1,000 87,540 Kumagai Gumi Co., Ltd. 140,000 484,932 # Kumiai Chemical Industry Co., Ltd. 16,463 95,728 Kura Corp. 2,600 130,751 Kurabo Industries, Ltd. 62,000 160,909 Kuraray Co., Ltd. 64,700 1,257,860 Kureha Corp. 4,700 236,350 Kurimoto, Ltd. 4,400 82,435 Kurita Water Industries, Ltd. 16,900 480,811 Kuriyama Holdings Corp. 3,200 62,603 Kuroda Electric Co., Ltd. 10,400 198,843 Kusuri no Aoki Holdings Co., Ltd. 3,100 170,610 KYB Corp. 57,000 321,711 Kyocera Corp. 17,500 1,063,126 Kyocera Corp. Sponsored ADR 1,500 91,635 Kyodo Printing Co., Ltd. 19,000 66,494 # Kyoei Steel, Ltd. 6,900 106,485 Kyokuto Boeki Kaisha, Ltd. 11,000 28,323 Kyokuto Kaihatsu Kogyo Co., Ltd. 10,500 175,786 Kyokuto Securities Co., Ltd. 8,200 115,354 # Kyokuyo Co., Ltd. 3,500 98,527 KYORIN Holdings, Inc. 8,000 170,772 Kyoritsu Maintenance Co., Ltd. 10,920 311,787 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kyoritsu Printing Co., Ltd. 7,200 $ 22,852 Kyosan Electric Manufacturing Co., Ltd. 8,000 44,563 Kyowa Electronics Instruments Co., Ltd. 7,000 29,316 Kyowa Exeo Corp. 19,800 338,053 Kyowa Hakko Kirin Co., Ltd. 16,100 291,575 Kyowa Leather Cloth Co., Ltd. 3,500 30,192 Kyudenko Corp. 12,200 460,153 Kyushu Electric Power Co., Inc. 18,300 216,710 Kyushu Financial Group, Inc. 68,699 431,068 LAC Co., Ltd. 2,900 35,534 # Lacto Japan Co., Ltd. 1,000 39,529 #* Laox Co., Ltd. 10,000 48,588 # Lasertec Corp. 13,000 193,828 # Lawson, Inc. 2,700 183,811 # LEC, Inc. 4,400 107,711 Leopalace21 Corp. 81,600 581,897 Life Corp. 3,200 84,735 Lifull Co., Ltd. 11,000 87,834 Linical Co., Ltd. 2,800 48,602 # Link And Motivation, Inc. 11,200 74,821 Lintec Corp. 14,200 344,727 Lion Corp. 17,000 363,888 LIXIL Group Corp. 34,000 874,998 # Look, Inc. 7,000 17,579 #* M&A Capital Partners Co., Ltd. 1,200 54,707 M3, Inc. 11,200 302,121 Mabuchi Motor Co., Ltd. 2,900 152,830 Macnica Fuji Electronics Holdings, Inc. 11,599 184,920 Maeda Corp. 30,000 362,724 Maeda Kosen Co., Ltd. 5,900 86,567 Maeda Road Construction Co., Ltd. 18,000 371,639 Maezawa Kasei Industries Co., Ltd. 3,200 35,694 Maezawa Kyuso Industries Co., Ltd. 2,300 33,444 Makino Milling Machine Co., Ltd. 31,000 261,803 Makita Corp. 5,800 226,870 Makita Corp. Sponsored ADR 600 23,406 Mamezou Holdings Co., Ltd. 3,900 35,049 Mandom Corp. 3,100 171,350 Mani, Inc. 3,400 80,812 Mars Engineering Corp. 2,900 57,416 Marubeni Corp. 178,800 1,184,814 Marubun Corp. 4,100 31,358 Marudai Food Co., Ltd. 38,000 180,233 Maruha Nichiro Corp. 16,900 461,199 Marui Group Co., Ltd. 33,700 458,312 Maruichi Steel Tube, Ltd. 8,900 274,689 Maruka Machinery Co., Ltd. 1,300 21,814 # Marusan Securities Co., Ltd. 10,200 86,121 Maruwa Co., Ltd. 2,000 97,091 # Maruwa Unyu Kikan Co., Ltd. 2,200 80,282 Maruyama Manufacturing Co., Inc. 900 15,147 #* Maruzen CHI Holdings Co., Ltd. 5,300 16,928 Maruzen Showa Unyu Co., Ltd. 17,000 73,992 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # Marvelous, Inc. 9,500 $ 88,762 Matsuda Sangyo Co., Ltd. 4,300 58,362 Matsui Construction Co., Ltd. 6,100 52,189 # Matsui Securities Co., Ltd. 12,100 99,035 Matsumotokiyoshi Holdings Co., Ltd. 4,000 246,663 Matsuya Co., Ltd. 7,300 61,385 Matsuya Foods Co., Ltd. 3,700 140,090 Max Co., Ltd. 8,000 109,443 Maxvalu Tokai Co., Ltd. 1,400 26,609 Mazda Motor Corp. 114,200 1,716,744 McDonald's Holdings Co. Japan, Ltd. 2,800 113,779 MCJ Co., Ltd. 10,400 122,872 Mebuki Financial Group, Inc. 156,490 602,411 # MEC Co., Ltd. 4,400 54,465 Media Do Co., Ltd. 1,600 36,752 Medical System Network Co., Ltd. 8,000 34,943 Medipal Holdings Corp. 30,200 552,643 Medius Holdings Co., Ltd. 400 9,438 # Megachips Corp. 4,800 128,027 * Meganesuper Co., Ltd. 36,500 22,541 Megmilk Snow Brand Co., Ltd. 17,900 494,889 Meidensha Corp. 65,000 230,943 MEIJI Holdings Co., Ltd. 3,400 270,958 Meiko Electronics Co., Ltd. 10,000 149,972 Meiko Network Japan Co., Ltd. 7,300 104,227 Meisei Industrial Co., Ltd. 10,200 66,107 Meitec Corp. 5,700 267,140 Meito Sangyo Co., Ltd. 1,900 24,849 Meiwa Corp. 6,600 26,188 Meiwa Estate Co., Ltd. 6,200 46,036 Melco Holdings, Inc. 3,000 100,435 Menicon Co., Ltd. 4,400 144,060 METAWATER Co., Ltd. 2,800 77,432 Michinoku Bank, Ltd. (The) 47,000 79,621 Micronics Japan Co., Ltd. 6,800 72,014 Mie Bank, Ltd. (The) 3,800 85,075 Mie Kotsu Group Holdings, Inc. 12,900 48,533 Mikuni Corp. 2,700 12,071 Milbon Co., Ltd. 2,200 128,274 # Mimaki Engineering Co., Ltd. 6,000 47,739 Mimasu Semiconductor Industry Co., Ltd. 3,900 62,602 Minato Bank, Ltd. (The) 6,800 124,498 Minebea Mitsumi, Inc. 74,661 1,230,063 Ministop Co., Ltd. 5,400 118,807 Miraca Holdings, Inc. 12,000 547,589 Mirait Holdings Corp. 16,500 193,455 Miroku Jyoho Service Co., Ltd. 4,600 96,909 Misawa Homes Co., Ltd. 10,300 94,530 MISUMI Group, Inc. 16,500 409,197 Mitani Corp. 1,900 74,943 Mitani Sekisan Co., Ltd. 400 9,413 Mito Securities Co., Ltd. 14,300 39,755 Mitsuba Corp. 13,300 231,903 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Mitsubishi Chemical Holdings Corp. 293,600 $2,458,095 Mitsubishi Corp. 86,900 1,886,791 Mitsubishi Electric Corp. 112,000 1,733,837 Mitsubishi Estate Co., Ltd. 20,300 369,114 Mitsubishi Gas Chemical Co., Inc. 39,500 911,328 Mitsubishi Heavy Industries, Ltd. 340,000 1,351,789 Mitsubishi Kakoki Kaisha, Ltd. 13,000 28,644 Mitsubishi Logistics Corp. 24,000 308,105 Mitsubishi Materials Corp. 30,300 1,017,901 Mitsubishi Motors Corp. 117,600 848,319 Mitsubishi Nichiyu Forklift Co., Ltd. 11,800 94,945 * Mitsubishi Paper Mills, Ltd. 7,300 51,469 Mitsubishi Pencil Co., Ltd. 5,800 158,042 Mitsubishi Research Institute, Inc. 2,400 69,026 Mitsubishi Shokuhin Co., Ltd. 3,900 112,834 Mitsubishi Steel Manufacturing Co., Ltd. 39,000 100,330 Mitsubishi Tanabe Pharma Corp. 4,900 116,648 Mitsubishi UFJ Financial Group, Inc. 712,100 4,517,641 Mitsubishi UFJ Financial Group, Inc. Sponsored ADR 47,200 300,664 Mitsubishi UFJ Lease & Finance Co., Ltd. 148,000 788,408 Mitsuboshi Belting, Ltd. 12,000 137,282 Mitsui & Co., Ltd. 96,000 1,395,915 Mitsui & Co., Ltd. Sponsored ADR 400 116,996 Mitsui Chemicals, Inc. 201,000 1,141,905 Mitsui Engineering & Shipbuilding Co., Ltd. 212,000 295,538 Mitsui Fudosan Co., Ltd. 25,100 576,051 Mitsui High-Tec, Inc. 9,600 149,825 Mitsui Home Co., Ltd. 5,000 34,093 Mitsui Matsushima Co., Ltd. 3,800 51,202 Mitsui Mining & Smelting Co., Ltd. 267,000 1,166,368 Mitsui OSK Lines, Ltd. 245,000 762,507 Mitsui Sugar Co., Ltd. 4,800 145,739 Mitsui-Soko Holdings Co., Ltd. 30,000 81,865 Mitsuuroko Group Holdings Co., Ltd. 9,400 60,755 Miura Co., Ltd. 2,600 52,608 Mixi, Inc. 500 27,480 Miyaji Engineering Group, Inc. 17,000 41,417 Miyazaki Bank, Ltd. (The) 50,000 167,152 Miyoshi Oil & Fat Co., Ltd. 1,400 17,917 Mizuho Financial Group, Inc. 1,489,600 2,649,067 Mizuno Corp. 29,000 168,598 Mochida Pharmaceutical Co., Ltd. 2,400 167,217 Modec, Inc. 7,400 176,408 Monex Group, Inc. 65,000 183,718 Monogatari Corp. (The) 3,400 177,376 # MonotaRO Co., Ltd. 8,100 267,179 MORESCO Corp. 1,600 30,212 # Morinaga & Co., Ltd. 7,200 412,656 Morinaga Milk Industry Co., Ltd. 89,000 650,170 Morita Holdings Corp. 8,000 125,462 Morito Co., Ltd. 7,000 59,478 # Morozoff, Ltd. 500 30,944 #* Morpho, Inc. 800 36,069 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Mory Industries, Inc. 1,400 $ 29,934 # Mr Max Corp. 5,200 24,652 MS&AD Insurance Group Holdings, Inc. 36,100 1,266,192 # MTI, Ltd. 16,600 111,957 Mugen Estate Co., Ltd. 4,400 39,493 Murata Manufacturing Co., Ltd. 5,924 921,593 Musashi Seimitsu Industry Co., Ltd. 8,700 242,240 Musashino Bank, Ltd. (The) 9,200 274,880 Mutoh Holdings Co., Ltd. 9,000 20,737 N Field Co., Ltd. 2,200 30,279 Nabtesco Corp. 17,100 555,142 NAC Co., Ltd. 1,700 15,326 Nachi-Fujikoshi Corp. 62,000 342,701 Nagano Bank, Ltd. (The) 1,300 23,199 Nagano Keiki Co., Ltd. 2,300 16,471 Nagase & Co., Ltd. 32,100 503,899 Nagatanien Holdings Co., Ltd. 4,000 49,801 Nagawa Co., Ltd. 1,400 50,639 Nagoya Railroad Co., Ltd. 61,000 279,745 Naigai Trans Line, Ltd. 1,500 19,174 Nakabayashi Co., Ltd. 12,000 35,369 Nakanishi, Inc. 3,300 138,261 Nakano Corp. 6,200 34,026 Nakayama Steel Works, Ltd. 10,100 61,210 Namura Shipbuilding Co., Ltd. 14,100 80,780 Nankai Electric Railway Co., Ltd. 55,000 270,640 Nanto Bank, Ltd. (The) 7,500 220,639 # Natori Co., Ltd. 2,500 46,468 NDS Co., Ltd. 500 14,445 NEC Capital Solutions, Ltd. 2,400 41,347 NEC Corp. 514,000 1,397,280 NEC Networks & System Integration Corp. 6,400 139,832 NET One Systems Co., Ltd. 27,100 259,735 Neturen Co., Ltd. 9,100 83,767 * New Japan Radio Co., Ltd. 9,600 52,767 * Nexon Co., Ltd. 7,200 149,648 # Nextage Co., Ltd. 800 12,867 # Nexyz Group Corp. 2,200 35,978 NGK Insulators, Ltd. 18,700 376,062 NGK Spark Plug Co., Ltd. 38,700 781,329 NH Foods, Ltd. 22,000 650,744 NHK Spring Co., Ltd. 77,900 841,365 Nice Holdings, Inc. 24,000 34,376 # Nichi-iko Pharmaceutical Co., Ltd. 9,300 142,471 Nichias Corp. 45,000 546,500 Nichiban Co., Ltd. 8,000 71,354 Nichicon Corp. 16,100 176,942 Nichiden Corp. 600 21,536 Nichiha Corp. 11,600 430,881 NichiiGakkan Co., Ltd. 11,200 117,216 Nichirei Corp. 26,600 747,605 Nichireki Co., Ltd. 7,000 84,693 Nichirin Co., Ltd. 2,600 58,054 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Nidec Corp. 5,400 $595,022 Nifco, Inc. 9,400 542,187 Nihon Chouzai Co., Ltd. 2,500 83,394 Nihon Dempa Kogyo Co., Ltd. 5,400 45,161 Nihon Dengi Co., Ltd. 1,400 36,577 # Nihon Eslead Corp. 2,000 37,725 Nihon House Holdings Co., Ltd. 14,000 66,755 Nihon Kagaku Sangyo Co., Ltd. 4,300 75,606 Nihon Kohden Corp. 11,200 267,669 Nihon M&A Center, Inc. 7,200 289,094 Nihon Nohyaku Co., Ltd. 18,800 109,238 Nihon Parkerizing Co., Ltd. 19,200 274,720 # Nihon Plast Co., Ltd. 4,100 48,724 Nihon Tokushu Toryo Co., Ltd. 3,500 58,777 # Nihon Trim Co., Ltd. 1,100 45,769 Nihon Unisys, Ltd. 21,700 361,836 Nihon Yamamura Glass Co., Ltd. 27,000 46,260 Nikkiso Co., Ltd. 15,900 164,088 Nikko Co., Ltd. 1,600 32,845 Nikkon Holdings Co., Ltd. 17,200 406,611 Nikon Corp. 31,100 547,975 Nintendo Co., Ltd. 1,100 373,576 Nippi, Inc. 5,000 36,085 Nippo Corp. 13,000 264,474 Nippon Air Conditioning Services Co., Ltd. 4,300 27,593 Nippon Beet Sugar Manufacturing Co., Ltd. 4,800 93,884 Nippon Carbide Industries Co., Inc. 20,000 33,723 # Nippon Carbon Co., Ltd. 3,100 101,229 Nippon Ceramic Co., Ltd. 3,000 78,667 Nippon Chemi-Con Corp. 38,000 153,513 Nippon Chemiphar Co., Ltd. 900 42,285 Nippon Coke & Engineering Co., Ltd. 71,800 67,724 # Nippon Commercial Development Co., Ltd. 3,800 59,275 Nippon Concept Corp. 2,000 22,603 Nippon Concrete Industries Co., Ltd. 12,300 47,717 Nippon Denko Co., Ltd. 38,000 178,384 Nippon Densetsu Kogyo Co., Ltd. 10,000 198,759 Nippon Electric Glass Co., Ltd. 16,000 566,390 Nippon Express Co., Ltd. 154,000 983,415 Nippon Fine Chemical Co., Ltd. 3,000 27,345 Nippon Flour Mills Co., Ltd. 18,100 291,652 Nippon Gas Co., Ltd. 12,400 389,168 Nippon Hume Corp. 7,200 44,974 Nippon Kanzai Co., Ltd. 2,200 39,559 Nippon Kayaku Co., Ltd. 28,000 391,880 Nippon Kinzoku Co., Ltd. 1,000 20,055 Nippon Koei Co., Ltd. 4,400 121,739 Nippon Koshuha Steel Co., Ltd. 17,000 17,097 Nippon Light Metal Holdings Co., Ltd. 308,500 830,022 # Nippon Paint Holdings Co., Ltd. 9,900 380,662 Nippon Paper Industries Co., Ltd. 23,700 472,503 # Nippon Parking Development Co., Ltd. 53,200 79,566 Nippon Pillar Packing Co., Ltd. 8,400 140,518 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nippon Piston Ring Co., Ltd. 1,400 $ 27,521 Nippon Road Co., Ltd. (The) 20,000 111,710 Nippon Seiki Co., Ltd. 15,000 287,195 Nippon Seisen Co., Ltd. 6,000 44,587 #* Nippon Sharyo, Ltd. 27,000 70,238 #* Nippon Sheet Glass Co., Ltd. 23,600 199,701 Nippon Shinyaku Co., Ltd. 2,000 126,229 Nippon Shokubai Co., Ltd. 5,400 353,274 Nippon Signal Co., Ltd. 17,800 180,733 Nippon Soda Co., Ltd. 36,000 202,000 Nippon Steel & Sumikin Bussan Corp. 5,000 257,733 Nippon Steel & Sumitomo Metal Corp. 49,580 1,217,085 Nippon Suisan Kaisha, Ltd. 122,700 716,083 Nippon Systemware Co., Ltd. 3,100 50,959 Nippon Telegraph & Telephone Corp. 15,100 738,967 Nippon Thompson Co., Ltd. 24,000 137,113 Nippon Valqua Industries, Ltd. 4,800 126,834 # Nippon Yakin Kogyo Co., Ltd. 27,300 54,904 * Nippon Yusen K.K. 359,000 685,328 Nipro Corp. 52,600 713,510 Nishi-Nippon Financial Holdings, Inc. 37,800 425,290 Nishi-Nippon Railroad Co., Ltd. 65,000 286,476 Nishimatsu Construction Co., Ltd. 74,000 425,865 Nishimatsuya Chain Co., Ltd. 11,000 120,471 Nishio Rent All Co., Ltd. 6,400 213,043 Nissan Chemical Industries, Ltd. 7,400 245,649 Nissan Motor Co., Ltd. 317,400 3,151,546 Nissan Shatai Co., Ltd. 21,600 223,636 Nissan Tokyo Sales Holdings Co., Ltd. 3,600 13,662 Nissei ASB Machine Co., Ltd. 2,600 89,590 Nissei Build Kogyo Co., Ltd. 33,000 190,635 Nissei Plastic Industrial Co., Ltd. 5,700 59,606 # Nissha Printing Co., Ltd. 9,500 259,942 Nisshin Fudosan Co. 8,600 47,935 Nisshin Oillio Group, Ltd. (The) 39,000 230,880 Nisshin Seifun Group, Inc. 17,900 293,943 Nisshin Steel Co., Ltd. 14,800 181,335 Nisshinbo Holdings, Inc. 37,800 382,786 Nissin Corp. 21,000 101,562 Nissin Electric Co., Ltd. 15,800 191,886 Nissin Foods Holdings Co., Ltd. 2,300 144,497 Nissin Kogyo Co., Ltd. 12,100 202,647 Nissin Sugar Co., Ltd. 3,300 56,941 Nissui Pharmaceutical Co., Ltd. 2,900 36,600 Nitori Holdings Co., Ltd. 2,000 282,245 Nitta Corp. 4,800 154,161 # Nitta Gelatin, Inc. 2,900 19,941 Nittetsu Mining Co., Ltd. 1,600 89,803 Nitto Boseki Co., Ltd. 34,000 198,086 Nitto Denko Corp. 8,800 784,687 # Nitto FC Co., Ltd. 4,500 37,218 Nitto Kogyo Corp. 8,300 134,436 Nitto Kohki Co., Ltd. 1,200 28,516 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nitto Seiko Co., Ltd. 6,900 $ 33,944 Nittoc Construction Co., Ltd. 10,600 56,071 Nittoku Engineering Co., Ltd. 4,200 129,725 Noda Corp. 3,100 28,824 Noevir Holdings Co., Ltd. 1,700 88,117 NOF Corp. 28,000 380,430 Nohmi Bosai, Ltd. 5,500 84,578 # Nojima Corp. 7,900 127,865 NOK Corp. 25,600 585,985 Nomura Co., Ltd. 8,200 173,516 Nomura Holdings, Inc. 206,100 1,224,486 Nomura Holdings, Inc. Sponsored ADR 10,300 61,491 Nomura Real Estate Holdings, Inc. 29,200 578,778 Nomura Research Institute, Ltd. 4,103 153,589 Noritake Co., Ltd. 3,000 115,001 Noritsu Koki Co., Ltd. 5,700 52,475 Noritz Corp. 10,100 198,094 North Pacific Bank, Ltd. 88,900 298,010 Nozawa Corp. 2,600 33,482 NS Solutions Corp. 9,300 195,796 # NS Tool Co., Ltd. 1,900 34,380 NS United Kaiun Kaisha, Ltd. 45,000 94,054 NSD Co., Ltd. 5,370 102,424 NSK, Ltd. 70,200 904,896 # NTN Corp. 204,000 949,422 NTT Data Corp. 29,000 315,893 NTT DOCOMO, Inc. 61,000 1,416,542 NTT DOCOMO, Inc. Sponsored ADR 1,100 25,564 NTT Urban Development Corp. 13,000 133,009 # Nuflare Technology, Inc. 1,900 101,667 # OAK Capital Corp. 16,600 40,340 Obara Group, Inc. 4,300 237,750 Obayashi Corp. 121,200 1,459,328 Obic Co., Ltd. 1,700 106,281 # Odakyu Electric Railway Co., Ltd. 13,099 259,472 Odelic Co., Ltd. 1,100 50,517 Oenon Holdings, Inc. 16,000 39,758 Ogaki Kyoritsu Bank, Ltd. (The) 106,000 306,240 # Ohara, Inc. 3,700 46,696 Ohashi Technica, Inc. 3,000 38,509 Ohba Co., Ltd. 4,600 20,229 Ohsho Food Service Corp. 3,600 140,052 Oiles Corp. 3,400 60,805 Oita Bank, Ltd. (The) 27,000 101,741 Oji Holdings Corp. 193,000 989,793 Okabe Co., Ltd. 9,300 91,038 Okamoto Industries, Inc. 18,000 197,047 Okamoto Machine Tool Works, Ltd. 7,000 18,099 Okamura Corp. 19,500 198,240 Okasan Securities Group, Inc. 50,000 302,811 Oki Electric Industry Co., Ltd. 25,000 342,304 # Okinawa Cellular Telephone Co. 2,600 91,405 Okinawa Electric Power Co., Inc. (The) 7,187 169,507 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) # OKK Corp. 24,000 $ 30,879 OKUMA Corp. 29,000 278,778 Okumura Corp. 42,000 305,636 Okura Industrial Co., Ltd. 17,000 109,901 Okuwa Co., Ltd. 12,000 127,770 Olympus Corp. 8,700 315,781 Omron Corp. 12,500 623,651 Ono Pharmaceutical Co., Ltd. 5,500 120,317 # Onoken Co., Ltd. 4,100 68,185 Onward Holdings Co., Ltd. 42,000 304,696 #* Open Door, Inc. 400 12,289 Open House Co., Ltd. 12,000 397,167 # OPT Holdings, Inc. 4,300 54,244 Optex Group Co., Ltd. 1,900 63,799 * Optim Corp. 400 11,166 Oracle Corp. Japan 1,700 114,265 Organo Corp. 13,000 69,298 # Orient Corp. 110,600 186,541 Oriental Land Co., Ltd. 5,100 369,702 Origin Electric Co., Ltd. 4,000 11,350 ORIX Corp. 167,900 2,664,308 Osaka Gas Co., Ltd. 79,000 316,405 Osaka Organic Chemical Industry, Ltd. 8,500 100,953 Osaka Soda Co., Ltd. 22,000 110,731 Osaka Steel Co., Ltd. 3,400 70,068 OSAKA Titanium Technologies Co., Ltd. 2,400 37,033 Osaki Electric Co., Ltd. 15,000 114,677 # OSG Corp. 33,900 714,758 OSJB Holdings Corp. 37,300 102,455 Otsuka Corp. 3,400 222,724 # Otsuka Holdings Co., Ltd. 11,100 488,836 Otsuka Kagu, Ltd. 3,100 24,929 Outsourcing, Inc. 4,700 234,776 Oyo Corp. 7,600 110,154 Pacific Industrial Co., Ltd. 13,100 170,297 #* Pacific Metals Co., Ltd. 48,000 128,766 Pack Corp. (The) 2,500 80,874 PAL GROUP Holdings Co., Ltd. 4,100 130,866 PALTAC Corp. 9,600 348,311 PanaHome Corp. 24,000 260,645 Panasonic Corp. 162,700 2,240,913 PAPYLESS Co., Ltd. 500 14,203 # Paraca, Inc. 1,400 28,285 Paramount Bed Holdings Co., Ltd. 4,200 191,352 Parco Co., Ltd. 6,200 76,416 Paris Miki Holdings, Inc. 6,100 25,609 # Park24 Co., Ltd. 13,700 346,717 # Pasco Corp. 8,000 26,982 Pasona Group, Inc. 5,800 64,470 PC Depot Corp. 13,800 79,434 Pegasus Sewing Machine Manufacturing Co., Ltd. 6,000 40,418 Penta-Ocean Construction Co., Ltd. 125,800 749,399 # Pepper Food Service Co., Ltd. 1,900 70,273 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) #* PeptiDream, Inc. 5,800 $ 182,242 Persol Holdings Co., Ltd. 9,300 176,326 PIA Corp. 1,100 39,018 Pigeon Corp. 8,400 311,360 Pilot Corp. 5,700 248,284 Piolax, Inc. 9,300 256,912 * Pioneer Corp. 107,600 212,470 # Plenus Co., Ltd. 5,500 128,825 Pocket Card Co., Ltd. 5,700 37,442 Pola Orbis Holdings, Inc. 7,200 199,752 Poletowin Pitcrew Holdings, Inc. 6,000 79,989 Press Kogyo Co., Ltd. 32,200 151,454 Pressance Corp. 13,800 190,474 Prestige International, Inc. 14,800 162,095 Prima Meat Packers, Ltd. 70,000 446,891 Pronexus, Inc. 4,200 47,595 # Prospect Co., Ltd. 19,000 12,224 Proto Corp. 3,200 50,021 PS Mitsubishi Construction Co., Ltd. 9,400 43,119 Punch Industry Co., Ltd. 3,400 40,819 Qol Co., Ltd. 5,500 88,741 Quick Co., Ltd. 3,200 45,958 Raito Kogyo Co., Ltd. 15,300 165,275 Rakuten, Inc. 21,600 263,848 Rasa Industries, Ltd. 34,000 48,003 # Raysum Co., Ltd. 4,600 41,109 Recruit Holdings Co., Ltd. 32,200 557,372 # Relia, Inc. 2,800 29,932 Relo Group, Inc. 13,000 260,930 Renaissance, Inc. 1,600 28,970 Renesas Easton Co., Ltd. 2,200 11,777 Rengo Co., Ltd. 54,900 311,652 #* Renown, Inc. 15,200 28,363 Resona Holdings, Inc. 239,400 1,233,307 Resorttrust, Inc. 9,900 182,492 Rheon Automatic Machinery Co., Ltd. 6,000 64,906 Rhythm Watch Co., Ltd. 18,000 38,385 Ricoh Co., Ltd. 89,700 843,405 Ricoh Leasing Co., Ltd. 5,000 174,702 Ride On Express Co., Ltd. 2,800 25,706 # Right On Co., Ltd. 5,000 45,361 Riken Corp. 2,300 107,647 Riken Keiki Co., Ltd. 2,900 54,825 # Riken Technos Corp. 12,200 68,123 Riken Vitamin Co., Ltd. 1,300 50,822 Ringer Hut Co., Ltd. 4,000 92,414 Rinnai Corp. 1,300 121,365 Rion Co., Ltd. 1,800 31,849 Riso Kagaku Corp. 6,100 127,554 Riso Kyoiku Co., Ltd. 7,500 56,148 Rock Field Co., Ltd. 5,600 94,708 Rohm Co., Ltd. 7,100 548,749 Rohto Pharmaceutical Co., Ltd. 15,200 307,045 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Rokko Butter Co., Ltd. 6,100 $137,902 Roland DG Corp. 4,400 110,263 # Rorze Corp. 2,300 49,569 Round One Corp. 31,600 337,488 Royal Holdings Co., Ltd. 9,000 215,741 * Royal Hotel, Ltd. (The) 8,000 14,866 RS Technologies Co., Ltd. 400 15,505 #* RVH, Inc. 6,700 43,448 Ryobi, Ltd. 44,000 208,082 Ryoden Corp. 7,000 50,932 Ryohin Keikaku Co., Ltd. 1,500 383,465 Ryosan Co., Ltd. 9,300 363,735 Ryoyo Electro Corp. 7,300 117,623 # S Foods, Inc. 4,200 156,374 Sac's Bar Holdings, Inc. 7,200 79,144 Sagami Rubber Industries Co., Ltd. 3,000 46,053 Saibu Gas Co., Ltd. 56,000 140,631 Saizeriya Co., Ltd. 11,100 322,918 Sakai Chemical Industry Co., Ltd. 21,000 85,102 Sakai Heavy Industries, Ltd. 10,000 30,910 Sakai Moving Service Co., Ltd. 2,200 106,178 # Sakai Ovex Co., Ltd. 2,700 44,406 Sakata INX Corp. 7,400 133,813 # Sakata Seed Corp. 1,800 54,934 # Sakura Internet, Inc. 2,500 19,205 Sala Corp. 2,300 19,163 SAMTY Co., Ltd. 4,800 70,435 San-A Co., Ltd. 3,600 160,562 San-Ai Oil Co., Ltd. 18,000 182,883 San-In Godo Bank, Ltd. (The) 26,100 211,992 #* Sanden Holdings Corp. 33,000 94,125 # Sanei Architecture Planning Co., Ltd. 3,700 65,980 Sangetsu Corp. 9,300 167,559 Sanken Electric Co., Ltd. 41,000 207,849 Sanki Engineering Co., Ltd. 12,500 141,324 # Sanko Metal Industrial Co., Ltd. 800 24,103 Sankyo Co., Ltd. 8,400 275,708 Sankyo Frontier Co., Ltd. 1,000 13,107 Sankyo Seiko Co., Ltd. 3,500 12,410 # Sankyo Tateyama, Inc. 8,200 115,845 Sankyu, Inc. 90,000 677,866 Sanoh Industrial Co., Ltd. 5,700 41,095 Sanrio Co., Ltd. 6,000 120,506 Sansei Technologies, Inc. 4,800 40,839 Sanshin Electronics Co., Ltd. 7,300 91,810 Santen Pharmaceutical Co., Ltd. 18,700 263,453 Sanwa Holdings Corp. 48,200 521,939 Sanyo Chemical Industries, Ltd. 4,000 189,957 Sanyo Denki Co., Ltd. 12,000 133,668 Sanyo Electric Railway Co., Ltd. 16,000 81,953 Sanyo Housing Nagoya Co., Ltd. 1,400 14,306 # Sanyo Shokai, Ltd. 3,900 58,731 Sanyo Special Steel Co., Ltd. 32,000 194,160 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Sanyo Trading Co., Ltd. 1,900 $ 43,290 Sapporo Holdings, Ltd. 22,600 615,543 Sato Holdings Corp. 9,200 220,646 Satori Electric Co., Ltd. 6,800 56,086 # Sawada Holdings Co., Ltd. 3,800 34,503 Sawai Pharmaceutical Co., Ltd. 9,300 524,164 # Saxa Holdings, Inc. 17,000 34,666 SBI Holdings, Inc. 52,600 752,525 SBS Holdings, Inc. 7,700 58,764 # Scala, Inc. 11,600 89,241 SCREEN Holdings Co., Ltd. 7,400 494,633 Scroll Corp. 9,700 33,886 SCSK Corp. 4,000 168,801 Secom Co., Ltd. 7,500 562,709 Seed Co., Ltd. 2,700 57,511 Sega Sammy Holdings, Inc. 34,400 464,150 # Seibu Holdings, Inc. 10,500 183,169 Seika Corp. 21,000 90,783 Seikagaku Corp. 8,400 135,329 Seikitokyu Kogyo Co., Ltd. 10,000 54,223 # Seiko Epson Corp. 38,000 1,000,253 Seiko Holdings Corp. 48,000 214,270 # Seiko PMC Corp. 3,400 38,652 Seino Holdings Co., Ltd. 37,600 506,279 Seiren Co., Ltd. 13,300 224,786 Sekisui Chemical Co., Ltd. 50,500 930,227 Sekisui House, Ltd. 44,800 775,496 Sekisui Jushi Corp. 9,000 163,666 Sekisui Plastics Co., Ltd. 7,500 64,110 Senko Group Holdings Co., Ltd. 40,800 277,749 Senshu Electric Co., Ltd. 1,400 28,178 Senshu Ikeda Holdings, Inc. 78,700 326,003 # Senshukai Co., Ltd. 7,500 46,220 # Septeni Holdings Co., Ltd. 24,100 73,677 Seria Co., Ltd. 4,200 208,456 Seven & I Holdings Co., Ltd. 40,000 1,612,186 # Seven Bank, Ltd. 140,500 556,009 SFP Holdings Co., Ltd. 3,500 55,249 #* Sharp Corp. 24,000 84,485 Shibaura Electronics Co., Ltd. 3,500 117,961 Shibaura Mechatronics Corp. 26,000 80,197 Shibusawa Warehouse Co., Ltd. (The) 10,000 32,925 Shibuya Corp. 5,700 173,551 Shidax Corp. 6,000 24,220 Shiga Bank, Ltd. (The) 69,000 365,676 Shikoku Bank, Ltd. (The) 57,000 152,844 Shikoku Chemicals Corp. 10,000 128,001 # Shikoku Electric Power Co., Inc. 20,100 241,540 Shima Seiki Manufacturing, Ltd. 3,300 160,490 Shimachu Co., Ltd. 15,500 387,868 Shimadzu Corp. 12,000 236,279 Shimamura Co., Ltd. 2,400 298,423 Shimano, Inc. 2,700 395,848 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Shimizu Bank, Ltd. (The) 1,400 $ 44,442 Shimizu Corp. 105,000 1,109,428 Shin Nippon Air Technologies Co., Ltd. 3,300 47,570 Shin-Etsu Chemical Co., Ltd. 11,500 1,051,847 Shin-Etsu Polymer Co., Ltd. 15,700 152,124 Shinagawa Refractories Co., Ltd. 20,000 54,565 Shindengen Electric Manufacturing Co., Ltd. 28,000 145,211 #* Shinkawa, Ltd. 6,900 46,531 Shinko Electric Industries Co., Ltd. 23,200 168,802 Shinko Plantech Co., Ltd. 13,100 111,936 Shinko Shoji Co., Ltd. 5,100 66,646 Shinmaywa Industries, Ltd. 23,000 201,102 Shinnihon Corp. 8,500 69,235 # Shinoken Group Co., Ltd. 7,200 171,334 Shinsei Bank, Ltd. 242,000 398,877 Shinsho Corp. 1,100 29,111 Shinwa Co., Ltd. 1,400 27,874 Shionogi & Co., Ltd. 6,200 331,018 Ship Healthcare Holdings, Inc. 16,700 512,527 Shiseido Co., Ltd. 16,100 568,707 Shizuoka Bank, Ltd. (The) 57,000 508,553 Shizuoka Gas Co., Ltd. 22,600 170,940 Shochiku Co., Ltd. 11,000 150,816 Shoei Co., Ltd. 3,000 85,933 Shoei Foods Corp. 3,500 149,783 Shofu, Inc. 2,700 32,367 * Shoko Co., Ltd. 25,000 23,796 * Showa Corp. 15,400 148,766 Showa Denko K.K. 62,800 1,634,646 #* Showa Holdings Co., Ltd. 8,000 10,284 Showa Sangyo Co., Ltd. 31,000 168,456 Showa Shell Sekiyu K.K. 56,300 613,262 # Siix Corp. 5,200 221,614 Sinanen Holdings Co., Ltd. 2,200 44,637 Sinfonia Technology Co., Ltd. 44,000 184,653 # Sinko Industries, Ltd. 5,800 88,609 Sintokogio, Ltd. 12,500 131,634 SK-Electronics Co., Ltd. 1,200 14,806 SKY Perfect JSAT Holdings, Inc. 47,500 213,229 Skylark Co., Ltd. 18,900 285,256 SMC Corp. 700 222,535 SMK Corp. 15,000 63,343 SMS Co., Ltd. 8,100 256,322 Snow Peak, Inc. 400 11,760 SNT Corp. 5,100 33,470 Soda Nikka Co., Ltd. 3,600 17,853 Sodick Co., Ltd. 11,200 136,404 SoftBank Group Corp. 30,672 2,472,088 Softbank Technology Corp. 4,400 70,573 # Softbrain Co., Ltd. 18,000 70,562 Softcreate Holdings Corp. 3,200 42,141 Software Service, Inc. 700 31,757 Sogo Medical Co., Ltd. 4,500 205,846 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Sohgo Security Services Co., Ltd. 12,800 $ 542,578 Sojitz Corp. 236,300 595,256 Soken Chemical & Engineering Co., Ltd. 1,300 18,252 Soliton Systems K.K. 1,100 10,526 Sompo Holdings, Inc. 24,900 976,633 Sony Corp. 68,600 2,818,384 Sony Corp. Sponsored ADR 9,300 381,951 # Sony Financial Holdings, Inc. 13,600 235,117 * Sosei Group Corp. 3,500 363,135 Sotetsu Holdings, Inc. 41,000 200,733 Sotoh Co., Ltd. 1,600 16,753 Space Co., Ltd. 1,500 20,109 Sparx Group Co., Ltd. 14,500 28,901 Square Enix Holdings Co., Ltd. 7,400 242,119 SRA Holdings 3,400 93,211 Srg Takamiya Co., Ltd. 7,000 36,596 ST Corp. 3,000 75,285 St Marc Holdings Co., Ltd. 5,500 171,897 Stanley Electric Co., Ltd. 24,800 819,241 Star Mica Co., Ltd. 700 19,991 Star Micronics Co., Ltd. 5,600 92,710 Start Today Co., Ltd. 15,000 423,251 Starts Corp., Inc. 13,500 352,749 Starzen Co., Ltd. 2,300 103,043 # Stella Chemifa Corp. 3,600 101,195 Step Co., Ltd. 900 11,921 Studio Alice Co., Ltd. 4,600 108,023 Subaru Corp. 28,200 1,017,372 Sugi Holdings Co., Ltd. 2,500 127,557 Sugimoto & Co., Ltd. 1,300 19,166 # Sumco Corp. 31,100 503,326 Sumida Corp. 7,300 139,637 # Suminoe Textile Co., Ltd. 15,000 42,147 Sumitomo Bakelite Co., Ltd. 46,000 334,174 Sumitomo Chemical Co., Ltd. 334,000 1,951,936 Sumitomo Corp. 68,400 924,550 Sumitomo Dainippon Pharma Co., Ltd. 15,400 215,722 Sumitomo Densetsu Co., Ltd. 6,400 101,931 Sumitomo Electric Industries, Ltd. 76,900 1,243,046 Sumitomo Forestry Co., Ltd. 33,000 505,148 Sumitomo Heavy Industries, Ltd. 116,000 845,688 Sumitomo Metal Mining Co., Ltd. 57,000 860,852 Sumitomo Mitsui Construction Co., Ltd. 333,600 362,713 Sumitomo Mitsui Financial Group, Inc. 80,100 3,090,721 Sumitomo Mitsui Trust Holdings, Inc. 20,600 756,495 Sumitomo Osaka Cement Co., Ltd. 111,000 519,570 Sumitomo Precision Products Co., Ltd. 6,000 19,508 Sumitomo Realty & Development Co., Ltd. 39,000 1,180,621 Sumitomo Riko Co., Ltd. 13,100 137,026 Sumitomo Rubber Industries, Ltd. 48,500 840,999 Sumitomo Seika Chemicals Co., Ltd. 4,500 226,248 Sumitomo Warehouse Co., Ltd. (The) 41,000 262,719 # Sun Corp. 3,300 21,140 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Sun Frontier Fudousan Co., Ltd. 10,400 $ 110,990 Sun-Wa Technos Corp. 1,700 28,928 Sundrug Co., Ltd. 3,800 141,559 Suntory Beverage & Food, Ltd. 3,500 171,568 Suruga Bank, Ltd. 15,900 383,411 Suzuken Co., Ltd. 15,770 526,670 Suzuki Motor Corp. 24,300 1,151,852 * SWCC Showa Holdings Co., Ltd. 80,000 65,973 Sysmex Corp. 4,100 234,705 Systena Corp. 2,600 59,603 T Hasegawa Co., Ltd. 5,500 115,861 T RAD Co., Ltd. 22,000 69,516 T&D Holdings, Inc. 77,900 1,149,162 T&K Toka Co., Ltd. 3,400 37,297 T-Gaia Corp. 4,000 80,051 # Tabuchi Electric Co., Ltd. 8,700 26,697 Tachi-S Co., Ltd. 8,600 156,893 Tachibana Eletech Co., Ltd. 3,880 56,114 Tachikawa Corp. 3,600 41,932 Tadano, Ltd. 32,000 396,338 Taihei Dengyo Kaisha, Ltd. 10,000 144,523 Taiheiyo Cement Corp. 282,000 1,058,142 Taiheiyo Kouhatsu, Inc. 43,000 41,317 Taiho Kogyo Co., Ltd. 6,100 85,993 Taikisha, Ltd. 5,600 150,620 # Taiko Pharmaceutical Co., Ltd. 700 14,107 Taisei Corp. 82,000 784,906 Taisei Lamick Co., Ltd. 1,700 44,871 Taisho Pharmaceutical Holdings Co., Ltd. 2,700 202,264 Taiyo Holdings Co., Ltd. 5,000 237,583 # Taiyo Nippon Sanso Corp. 33,900 391,781 Taiyo Yuden Co., Ltd. 44,700 750,604 Takamatsu Construction Group Co., Ltd. 4,300 112,815 Takano Co., Ltd. 5,000 53,191 Takaoka Toko Co., Ltd. 3,000 50,222 Takara Holdings, Inc. 13,400 133,806 Takara Leben Co., Ltd. 38,700 177,533 # Takara Printing Co., Ltd. 1,000 14,883 Takara Standard Co., Ltd. 12,300 206,524 Takasago International Corp. 4,100 161,044 Takasago Thermal Engineering Co., Ltd. 10,100 168,575 Takashimaya Co., Ltd. 57,000 521,427 Take And Give Needs Co., Ltd. 4,000 28,163 Takeda Pharmaceutical Co., Ltd. 20,600 1,088,233 Takeei Corp. 9,800 99,260 Takeuchi Manufacturing Co., Ltd. 13,400 259,735 Takihyo Co., Ltd. 3,000 12,623 Takisawa Machine Tool Co., Ltd. 22,000 35,089 Takuma Co., Ltd. 13,300 136,215 Tama Home Co., Ltd. 6,500 43,011 Tamron Co., Ltd. 4,200 78,783 Tamura Corp. 30,000 163,920 # Tanseisha Co., Ltd. 10,550 106,381 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Tatsuta Electric Wire and Cable Co., Ltd. 12,300 $ 78,855 Tayca Corp. 12,000 106,136 Tazmo Co., Ltd. 1,000 19,782 TBK Co., Ltd. 2,900 13,060 TDC Software Engineering, Inc. 1,200 13,561 TDK Corp. 15,800 1,135,569 Tear Corp. 1,900 13,656 TechMatrix Corp. 7,000 116,894 Techno Ryowa, Ltd. 1,900 14,636 TechnoPro Holdings, Inc. 6,200 265,999 # Tecnos Japan, Inc. 3,200 31,839 Teijin, Ltd. 48,100 964,375 Teikoku Electric Manufacturing Co., Ltd. 5,100 52,992 Teikoku Sen-I Co., Ltd. 4,500 81,969 Tekken Corp. 33,000 101,329 Tenma Corp. 4,000 80,721 Terumo Corp. 8,200 310,042 THK Co., Ltd. 20,000 610,675 Tigers Polymer Corp. 1,500 10,098 TIS, Inc. 19,800 598,551 TKC Corp. 3,800 110,547 Toa Corp.(6894434) 8,700 90,732 * Toa Corp.(6894508) 6,900 112,659 Toa Oil Co., Ltd. 10,000 13,058 TOA ROAD Corp. 15,000 61,983 Toagosei Co., Ltd. 33,400 402,872 Tobishima Corp. 76,500 117,086 Tobu Railway Co., Ltd. 37,000 195,910 TOC Co., Ltd. 4,700 44,166 Tocalo Co., Ltd. 5,600 213,969 Tochigi Bank, Ltd. (The) 6,000 24,415 Toda Corp. 51,000 350,610 Toda Kogyo Corp. 14,000 53,118 Toei Animation Co., Ltd. 1,300 98,886 Toei Co., Ltd. 22,000 224,304 Toell Co., Ltd. 1,900 15,550 Toenec Corp. 11,000 66,795 Togami Electric Manufacturing Co., Ltd. 5,000 21,937 Toho Bank, Ltd. (The) 62,000 216,327 Toho Co., Ltd.(6895200) 4,300 154,961 Toho Co., Ltd.(6895211) 1,100 28,896 Toho Gas Co., Ltd. 40,000 271,071 # Toho Holdings Co., Ltd. 16,100 318,276 # Toho Titanium Co., Ltd. 10,800 83,640 Toho Zinc Co., Ltd. 47,000 202,377 Tohoku Electric Power Co., Inc. 19,600 267,007 Tokai Carbon Co., Ltd. 59,700 385,269 Tokai Corp. 2,300 101,632 TOKAI Holdings Corp. 28,500 219,164 Tokai Rika Co., Ltd. 16,100 295,635 Tokai Tokyo Financial Holdings, Inc. 56,500 329,564 Token Corp. 2,700 343,266 Tokio Marine Holdings, Inc. 42,400 1,783,058 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Tokio Marine Holdings, Inc. ADR 1,600 $ 67,520 Tokushu Tokai Paper Co., Ltd. 3,200 120,378 * Tokuyama Corp. 153,000 695,088 * Tokyo Base Co., Ltd. 1,400 66,089 Tokyo Broadcasting System Holdings, Inc. 8,500 160,660 Tokyo Century Corp. 13,300 566,501 Tokyo Dome Corp. 22,900 220,406 * Tokyo Electric Power Co. Holdings, Inc. 60,800 257,895 Tokyo Electron Device, Ltd. 1,500 24,315 Tokyo Electron, Ltd. 4,500 632,870 Tokyo Energy & Systems, Inc. 8,000 78,291 Tokyo Gas Co., Ltd. 75,000 397,937 # Tokyo Individualized Educational Institute, Inc. 6,100 70,214 # Tokyo Keiki, Inc. 33,000 86,748 Tokyo Ohka Kogyo Co., Ltd. 11,200 364,580 Tokyo Rope Manufacturing Co., Ltd. 5,600 85,755 Tokyo Seimitsu Co., Ltd. 7,300 253,210 Tokyo Steel Manufacturing Co., Ltd. 28,300 242,593 Tokyo Tatemono Co., Ltd. 36,500 496,642 Tokyo Tekko Co., Ltd. 3,000 12,348 Tokyo Theatres Co., Inc. 28,000 36,805 Tokyo TY Financial Group, Inc. 8,300 220,893 Tokyotokeiba Co., Ltd. 4,300 139,624 Tokyu Construction Co., Ltd. 30,200 241,508 Tokyu Corp. 21,500 316,372 Tokyu Fudosan Holdings Corp. 112,100 672,440 Toli Corp. 11,500 37,417 Tomato Bank, Ltd. 800 11,151 Tomoe Corp. 7,300 24,174 Tomoe Engineering Co., Ltd. 2,100 34,523 Tomoku Co., Ltd. 16,000 56,577 TOMONY Holdings, Inc. 49,500 242,062 Tomy Co., Ltd. 21,700 265,443 Tonami Holdings Co., Ltd. 17,000 66,840 Topcon Corp. 30,900 528,684 Toppan Forms Co., Ltd. 15,200 158,042 Toppan Printing Co., Ltd. 58,000 612,927 Topre Corp. 11,700 308,423 Topy Industries, Ltd. 5,200 159,706 Toray Industries, Inc. 177,400 1,601,908 Toridoll Holdings Corp. 5,300 148,561 Torigoe Co., Ltd. (The) 1,300 9,665 Torii Pharmaceutical Co., Ltd. 4,600 128,459 # Torikizoku Co., Ltd. 1,200 28,073 Torishima Pump Manufacturing Co., Ltd. 5,200 53,143 Tosei Corp. 12,500 97,698 #* Toshiba Corp. 163,000 369,852 Toshiba Machine Co., Ltd. 40,000 189,945 Toshiba Plant Systems & Services Corp. 7,400 120,504 Toshiba TEC Corp. 45,000 249,080 Tosho Co., Ltd. 1,800 83,137 Tosho Printing Co., Ltd. 10,000 49,347 Tosoh Corp. 152,000 1,799,700 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Totech Corp. 800 $ 14,506 Totetsu Kogyo Co., Ltd. 8,800 274,755 TOTO, Ltd. 8,599 346,036 Tottori Bank, Ltd. (The) 700 10,803 Tow Co., Ltd. 6,900 55,078 Towa Bank, Ltd. (The) 102,000 113,604 # Towa Corp. 5,800 90,362 Towa Pharmaceutical Co., Ltd. 2,900 140,076 Toyo Construction Co., Ltd. 23,600 101,025 Toyo Corp. 5,700 54,983 Toyo Denki Seizo K.K. 2,000 34,901 # Toyo Engineering Corp. 48,000 126,245 Toyo Ink SC Holdings Co., Ltd. 55,000 284,981 Toyo Kanetsu K.K. 29,000 94,924 Toyo Kohan Co., Ltd. 18,100 79,563 Toyo Machinery & Metal Co., Ltd. 6,400 46,233 Toyo Securities Co., Ltd. 18,000 40,883 Toyo Seikan Group Holdings, Ltd. 29,400 481,935 Toyo Suisan Kaisha, Ltd. 4,800 174,385 Toyo Tanso Co., Ltd. 3,800 63,600 Toyo Tire & Rubber Co., Ltd. 34,100 699,955 Toyo Wharf & Warehouse Co., Ltd. 23,000 39,221 Toyobo Co., Ltd. 298,000 567,423 Toyoda Gosei Co., Ltd. 22,400 528,517 Toyota Boshoku Corp. 12,600 263,145 Toyota Industries Corp. 10,200 547,249 Toyota Motor Corp. 222,288 12,528,116 Toyota Motor Corp. Sponsored ADR 10,100 1,139,684 Toyota Tsusho Corp. 35,000 1,125,181 TPR Co., Ltd. 10,000 315,791 Trancom Co., Ltd. 4,100 202,633 # Transaction Co., Ltd. 2,000 20,750 Transcosmos, Inc. 6,100 146,603 Trend Micro, Inc. 5,400 270,066 # Tri Chemical Laboratories, Inc. 800 21,963 Trusco Nakayama Corp. 10,000 256,481 Trust Tech, Inc. 1,200 25,216 TS Tech Co., Ltd. 16,800 497,911 TSI Holdings Co., Ltd. 23,700 171,146 # Tsubaki Nakashima Co., Ltd. 1,800 36,128 Tsubakimoto Chain Co. 44,000 373,315 Tsubakimoto Kogyo Co., Ltd. 5,000 22,964 #* Tsudakoma Corp. 25,000 42,838 Tsugami Corp. 9,000 72,144 Tsukada Global Holdings, Inc. 1,800 9,795 Tsukishima Kikai Co., Ltd. 7,400 83,895 Tsukuba Bank, Ltd. 23,600 70,756 Tsukui Corp. 21,800 132,382 Tsumura & Co. 11,300 439,192 Tsuruha Holdings, Inc. 2,000 209,843 Tsurumi Manufacturing Co., Ltd. 4,900 82,066 Tsutsumi Jewelry Co., Ltd. 1,600 28,951 TV Asahi Holdings Corp. 6,200 112,737 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Tv Tokyo Holdings Corp. 4,800 $ 99,861 #* U-Shin, Ltd. 6,000 40,297 UACJ Corp. 90,000 265,640 Ube Industries, Ltd. 356,000 964,358 UKC Holdings Corp. 4,400 66,094 Ulvac, Inc. 11,000 589,770 Umenohana Co., Ltd. 500 12,700 Unicharm Corp. 12,900 330,981 Uniden Holdings Corp. 25,000 59,525 Union Tool Co. 1,900 56,404 Unipres Corp. 12,900 300,020 United Arrows, Ltd. 7,300 221,250 United Super Markets Holdings, Inc. 18,200 184,686 * Unitika, Ltd. 137,000 96,883 Universal Entertainment Corp. 5,400 154,924 # Unizo Holdings Co., Ltd. 5,400 125,293 # Urbanet Corp. Co., Ltd. 6,200 24,792 Ushio, Inc. 34,800 488,396 USS Co., Ltd. 10,000 202,013 * UT Group Co., Ltd. 7,800 140,033 # V Technology Co., Ltd. 1,300 222,563 * V-Cube, Inc. 2,200 12,384 Valor Holdings Co., Ltd. 12,500 282,498 ValueCommerce Co., Ltd. 2,700 16,764 Vector, Inc. 8,100 117,893 # VeriServe Corp. 1,100 33,686 VIA Holdings, Inc. 7,400 64,896 * Vision, Inc. 1,200 28,801 Vital KSK Holdings, Inc. 10,600 84,902 # Vitec Holdings Co., Ltd. 2,300 29,428 Voyage Group, Inc. 4,500 84,736 VT Holdings Co., Ltd. 36,700 187,603 # W-Scope Corp. 3,600 76,429 Wacoal Holdings Corp. 32,000 449,531 Wakachiku Construction Co., Ltd. 38,000 59,957 Wakita & Co., Ltd. 14,600 164,659 Warabeya Nichiyo Holdings Co., Ltd. 4,800 129,604 Watahan & Co., Ltd. 2,200 46,393 WATAMI Co., Ltd. 5,500 67,235 Watts Co., Ltd. 1,100 14,402 WDB Holdings Co., Ltd. 2,700 56,450 Weathernews, Inc. 1,500 46,644 Welcia Holdings Co., Ltd. 4,600 174,802 # Wellnet Corp. 2,400 29,763 West Holdings Corp. 6,900 53,261 West Japan Railway Co. 3,400 244,049 WIN-Partners Co., Ltd. 4,100 51,961 # WirelessGate, Inc. 2,100 27,516 Wood One Co., Ltd. 6,000 15,679 World Holdings Co., Ltd. 2,100 51,094 Wowow, Inc. 2,200 63,917 Xebio Holdings Co., Ltd. 8,800 165,741 # YA-MAN, Ltd. 500 38,580 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # YAC Holdings Co., Ltd. 2,400 $ 29,768 Yachiyo Industry Co., Ltd. 1,200 13,893 Yahagi Construction Co., Ltd. 7,200 59,663 # Yahoo Japan Corp. 33,300 150,714 Yaizu Suisankagaku Industry Co., Ltd. 1,500 16,442 Yakult Honsha Co., Ltd. 1,500 102,218 # Yakuodo Co., Ltd. 3,300 90,134 YAMABIKO Corp. 11,700 141,466 # YAMADA Consulting Group Co., Ltd. 1,000 63,051 # Yamada Denki Co., Ltd. 96,788 516,930 Yamagata Bank, Ltd. (The) 47,000 213,359 Yamaguchi Financial Group, Inc. 37,000 435,484 Yamaha Corp. 13,200 466,794 Yamaha Motor Co., Ltd. 39,500 992,064 Yamaichi Electronics Co., Ltd. 6,900 134,324 Yamanashi Chuo Bank, Ltd. (The) 48,000 196,063 # Yamatane Corp. 2,600 38,487 Yamato Corp. 2,800 17,415 Yamato Holdings Co., Ltd. 25,100 503,815 Yamato Kogyo Co., Ltd. 12,200 341,970 Yamazaki Baking Co., Ltd. 16,000 320,970 Yamazen Corp. 10,400 106,769 Yaoko Co., Ltd. 8,100 349,500 Yaskawa Electric Corp. 27,200 729,212 Yasuda Logistics Corp. 3,800 26,681 # Yasunaga Corp. 2,600 38,611 Yellow Hat, Ltd. 4,200 108,465 Yodogawa Steel Works, Ltd. 7,500 206,227 Yokogawa Bridge Holdings Corp. 11,700 178,013 Yokogawa Electric Corp. 50,000 841,496 Yokohama Reito Co., Ltd. 14,000 139,225 Yokohama Rubber Co., Ltd. (The) 44,900 904,182 Yokowo Co., Ltd. 6,300 83,286 Yomeishu Seizo Co., Ltd. 1,600 30,749 Yomiuri Land Co., Ltd. 17,000 81,049 Yondoshi Holdings, Inc. 4,100 102,976 Yorozu Corp. 7,100 119,842 # Yoshinoya Holdings Co., Ltd. 7,000 118,356 Yuasa Trading Co., Ltd. 6,300 201,855 Yuken Kogyo Co., Ltd. 11,000 23,337 # Yume No Machi Souzou Iinkai Co., Ltd. 6,100 69,473 # Yumeshin Holdings Co., Ltd. 6,500 44,303 Yurtec Corp. 15,000 101,828 Yusen Logistics Co., Ltd. 5,000 45,298 # Yushin Precision Equipment Co., Ltd. 1,500 37,690 Yushiro Chemical Industry Co., Ltd. 2,800 38,122 Zenitaka Corp. (The) 10,000 43,094 Zenkoku Hosho Co., Ltd. 6,200 266,617 Zenrin Co., Ltd. 6,800 209,276 Zensho Holdings Co., Ltd. 12,700 229,733 Zeon Corp. 59,000 736,090 ZERIA Pharmaceutical Co., Ltd. 4,600 80,162 * ZIGExN Co., Ltd. 2,900 42,291 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ JAPAN -- (Continued) Zojirushi Corp. 12,300 $ 128,409 # Zuiko Corp. 700 24,697 Zuken, Inc. 6,800 89,422 ------------ TOTAL JAPAN 441,309,904 ------------ MALAYSIA -- (0.6%) 7-Eleven Malaysia Holdings Bhd Class B 39,600 12,666 Aeon Co. M Bhd 180,200 92,193 # Aeon Credit Service M Bhd 16,049 50,964 Affin Holdings Bhd 97,400 58,465 AirAsia Bhd 632,600 476,958 * AirAsia X Bhd 700,000 63,680 Ajinomoto Malaysia Bhd 4,300 26,013 Alliance Financial Group Bhd 219,700 201,719 AMMB Holdings Bhd 348,200 402,400 Ann Joo Resources Bhd 44,300 31,340 Astro Malaysia Holdings Bhd 138,200 83,257 # Axiata Group Bhd 244,317 264,196 * Berjaya Assets BHD 88,400 25,376 * Berjaya Corp. Bhd 1,139,136 87,801 Berjaya Food Bhd 35,000 11,444 Berjaya Sports Toto Bhd 101,006 56,139 # Bermaz Auto Bhd 80,100 36,657 BIMB Holdings Bhd 84,500 86,027 Boustead Holdings Bhd 116,800 73,351 Boustead Plantations Bhd 34,800 13,488 British American Tobacco Malaysia Bhd 13,800 141,758 * Bumi Armada Bhd 810,800 132,568 Bursa Malaysia Bhd 109,100 264,024 Cahya Mata Sarawak Bhd 136,600 127,502 Carlsberg Brewery Malaysia Bhd Class B 32,200 112,792 CB Industrial Product Holding Bhd 88,300 41,862 Century Logistics Holdings Bhd Class B 80,400 23,275 CIMB Group Holdings Bhd 278,541 426,041 Coastal Contracts Bhd 22,700 6,996 Cypark Resources Bhd 35,200 20,709 D&O Green Technologies Bhd 138,700 20,221 # Datasonic Group Bhd 113,400 30,991 * Dayang Enterprise Holdings Bhd 39,800 9,480 * Destinii Bhd 262,000 40,077 Dialog Group Bhd 229,100 103,278 # DiGi.Com Bhd 117,900 132,162 # DRB-Hicom Bhd 270,000 106,553 Dutch Lady Milk Industries Bhd 2,800 38,557 Eastern & Oriental Bhd 114,750 44,236 * Eco World Development Group Bhd 385,600 141,376 # Ekovest Bhd 333,800 88,942 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- MALAYSIA -- (Continued) Evergreen Fibreboard Bhd 78,450 $ 15,935 # Felda Global Ventures Holdings Bhd 429,800 163,667 Fraser & Neave Holdings Bhd 3,400 19,768 # Gadang Holdings Bhd 113,750 33,745 Gamuda Bhd 211,000 261,155 Gas Malaysia Bhd 32,800 22,287 # Genting Bhd 406,000 921,704 # Genting Malaysia Bhd 208,700 292,183 Genting Plantations Bhd 21,400 53,564 George Kent Malaysia BHD 50,500 50,695 Globetronics Technology Bhd 52,700 75,774 Hai-O Enterprise BHD 49,800 49,765 HAP Seng Consolidated Bhd 63,700 135,213 Hartalega Holdings Bhd 64,000 105,713 Heineken Malaysia Bhd 20,900 87,753 * Hengyuan Refining Co. Bhd 26,500 48,630 # HeveaBoard Bhd 130,500 50,883 * Hibiscus Petroleum Bhd 203,900 19,302 Hong Leong Bank Bhd 48,880 179,190 Hong Leong Financial Group Bhd 37,278 149,073 Hong Leong Industries Bhd 19,300 47,256 IHH Healthcare Bhd 34,000 46,873 IJM Corp. Bhd 440,900 357,278 # Inari Amertron Bhd 434,350 259,671 Insas Bhd 107,100 26,255 IOI Corp. Bhd 133,000 138,802 IOI Properties Group Bhd 379,625 186,170 #* Iskandar Waterfront City Bhd 133,400 38,598 * JAKS Resources Bhd 155,300 54,001 # Jaya Tiasa Holdings Bhd 117,200 30,661 JCY International Bhd 290,600 38,656 # Karex Bhd 48,450 18,316 Kerjaya Prospek Group Bhd 14,900 12,907 #* KNM Group Bhd 580,320 33,200 Kossan Rubber Industries 67,100 111,265 KPJ Healthcare Bhd 92,000 89,362 * KSL Holdings Bhd 135,319 38,867 Kuala Lumpur Kepong Bhd 22,100 127,972 # Lafarge Malayan Bhd 41,000 54,710 LBS Bina Group Bhd 91,900 42,279 Lii Hen Indsustries Bhd 45,300 33,736 Lingkaran Trans Kota Holdings Bhd 42,500 58,667 * Lion Industries Corp. Bhd 95,700 25,695 LPI Capital Bhd 10,100 42,367 Magni-Tech Industries Bhd 62,700 111,317 Magnum Bhd 130,500 52,118 Mah Sing Group Bhd 305,275 112,680 Malakoff Corp. Bhd 159,200 38,293 Malayan Banking Bhd 170,446 379,787 Malayan Flour Mills Bhd 92,000 50,485 Malaysia Airports Holdings Bhd 120,400 245,978 # Malaysia Building Society Bhd 473,333 135,934 #* Malaysia Marine and Heavy Engineering Holdings Bhd 61,800 10,613 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- MALAYSIA -- (Continued) Malaysian Pacific Industries Bhd 32,900 $109,013 # Malaysian Resources Corp. Bhd 201,000 57,202 Malton Bhd 92,900 25,589 Matrix Concepts Holdings Bhd 56,233 35,853 Maxis Bhd 53,000 69,948 MBM Resources Bhd 26,700 14,015 # Media Prima Bhd 204,800 43,042 Mega First Corp. Bhd 36,200 32,472 MISC Bhd 140,200 241,823 Mitrajaya Holdings Bhd 98,500 30,586 MKH Bhd 71,500 37,569 MMC Corp. Bhd 137,400 76,966 * Mudajaya Group Bhd 55,800 16,296 Muhibbah Engineering M Bhd 77,600 50,733 * Mulpha International Bhd 39,460 22,230 My EG Services Bhd 225,900 113,928 NTPM Holdings Bhd 104,000 19,175 * OCK Group Bhd 171,300 35,791 # Oldtown Bhd 48,400 31,092 Oriental Holdings Bhd 22,300 34,314 OSK Holdings Bhd 180,300 67,340 # Padini Holdings Bhd 116,700 101,927 * Parkson Holdings Bhd 70,119 9,086 Petron Malaysia Refining & Marketing Bhd 26,800 56,355 Petronas Chemicals Group Bhd 109,100 177,241 Petronas Dagangan Bhd 13,400 74,432 Petronas Gas Bhd 19,500 85,326 # Pos Malaysia Bhd 88,800 109,746 PPB Group Bhd 46,400 182,657 Press Metal Aluminium Holdings Bhd 361,200 240,434 Protasco Bhd 73,625 17,870 Public Bank Bhd 81,600 386,532 # QL Resources Bhd 88,700 103,352 RGB International Bhd 284,600 18,944 RHB Bank Bhd 124,057 144,882 Sam Engineering & Equipment M Bhd 10,100 19,650 Sapura Energy Bhd 1,202,800 432,778 Sarawak Oil Palms Bhd 41,000 34,273 Scientex Bhd 55,500 112,258 Shangri-La Hotels Malaysia Bhd 17,500 20,427 # Sime Darby Bhd 98,670 217,774 # SKP Resources Bhd 89,000 28,709 SP Setia Bhd Group 85,856 66,366 Star Media Group Bhd 62,900 34,376 Sunway Bhd 158,873 158,800 Sunway Construction Group Bhd 57,290 28,505 # Supermax Corp. Bhd 141,600 63,482 # Syarikat Takaful Malaysia Bhd 62,700 59,434 Ta Ann Holdings Bhd 68,280 55,812 TA Enterprise Bhd 192,500 27,213 TA Global Bhd 228,100 16,542 Taliworks Corp. Bhd 41,200 14,329 TDM Bhd 268,620 35,136 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- MALAYSIA -- (Continued) Telekom Malaysia Bhd 56,000 $ 83,220 # Tenaga Nasional Bhd 60,900 200,790 Time dotCom Bhd 36,300 81,805 Tiong NAM Logistics Holdings 55,200 22,678 Top Glove Corp. Bhd 124,800 167,250 Tropicana Corp. Bhd 91,181 20,440 # Tune Protect Group Bhd 191,000 48,608 # UEM Edgenta Bhd 74,800 47,219 * UEM Sunrise Bhd 454,300 121,969 * UMW Holdings Bhd 157,500 214,462 #* UMW Oil & Gas Corp. Bhd 398,914 27,961 Unisem M Bhd 254,900 228,399 UOA Development Bhd 163,100 99,042 ViTrox Corp. Bhd 13,400 14,261 # VS Industry Bhd 270,900 139,289 #* WCT Holdings Bhd 214,750 95,259 Westports Holdings Bhd 111,500 97,127 # Yinson Holdings Bhd 87,600 72,629 * YNH Property Bhd 60,093 19,923 YTL Corp. Bhd 1,256,300 410,703 YTL Power International Bhd 230,300 75,289 ----------- TOTAL MALAYSIA 16,582,250 ----------- MEXICO -- (0.8%) # Alfa S.A.B. de C.V. Class A 691,770 960,182 Alpek S.A.B. de C.V. 110,727 127,256 Alsea S.A.B. de C.V. 123,652 481,203 America Movil S.A.B. de C.V. Series L 810,955 716,547 America Movil S.A.B. de C.V. Series L ADR 26,000 459,680 Arca Continental S.A.B. de C.V. 65,518 487,084 #* Axtel S.A.B. de C.V. 249,634 59,315 Banregio Grupo Financiero S.A.B. de C.V. 89,801 588,568 Bolsa Mexicana de Valores S.A.B. de C.V. 78,342 134,571 * Cemex S.A.B. de C.V. 1,559,320 1,506,547 * Cemex S.A.B. de C.V. Sponsored ADR 40,226 390,599 Cia Minera Autlan S.A.B. de C.V. Series B 21,816 20,097 Coca-Cola Femsa S.A.B. de C.V. Series L 28,752 244,697 # Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR 800 67,984 Consorcio ARA S.A.B. de C.V. Series * 237,191 79,541 * Controladora Vuela Cia de Aviacion S.A.B. de C.V. ADR 4,146 56,800 #* Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A 198,198 272,540 Corp. Inmobiliaria Vesta S.A.B. de C.V. 109,844 165,977 Credito Real S.A.B. de C.V. SOFOM ER 61,892 109,617 # El Puerto de Liverpool S.A.B. de C.V. Class C1 12,563 112,910 #* Empresas ICA S.A.B. de C.V. 42,400 3,715 # Fomento Economico Mexicano S.A.B. de C.V. 18,670 188,257 Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR 4,019 405,437 * Genomma Lab Internacional S.A.B. de C.V. Class B 208,565 267,699 Gentera S.A.B. de C.V. 360,697 547,048 Gruma S.A.B. de C.V. Class B 46,263 637,872 * Grupo Aeromexico S.A.B. de C.V. 69,428 143,984 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. 70,233 443,629 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR 1,600 183,360 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- MEXICO -- (Continued) Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B 15,461 $ 176,891 Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR 500 106,275 Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B 13,925 296,068 Grupo Bimbo S.A.B. de C.V. Series A 120,617 303,329 Grupo Carso S.A.B. de C.V. Series A1 80,084 334,506 Grupo Cementos de Chihuahua S.A.B. de C.V. 5,100 26,634 Grupo Comercial Chedraui S.A. de C.V. 100,943 211,497 # Grupo Elektra S.A.B. de C.V. 12,142 542,651 #* Grupo Famsa S.A.B. de C.V. Class A 60,103 34,706 Grupo Financiero Banorte S.A.B. de C.V. Class O 153,891 1,019,947 Grupo Financiero Inbursa S.A.B. de C.V. Class O 259,113 465,610 Grupo Financiero Interacciones SA de C.V. Class O 32,437 182,569 # Grupo Financiero Santander Mexico S.A.B. de C.V. Class B 195,648 401,242 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B ADR 5,600 57,456 # Grupo Herdez S.A.B. de C.V. Series * 81,898 184,429 # Grupo Lala S.A.B. de C.V. 82,509 162,307 Grupo Mexico S.A.B. de C.V. Series B 440,936 1,435,318 # Grupo Rotoplas S.A.B. de C.V. 7,721 12,725 Grupo Sanborns S.A.B. de C.V. 54,000 65,367 * Grupo Simec S.A.B. de C.V. Series B 29,596 105,666 # Grupo Televisa S.A.B. Series CPO 249,610 1,331,440 Grupo Televisa S.A.B. Sponsored ADR 14,900 396,638 #* Hoteles City Express S.A.B. de C.V. 90,203 111,978 * Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V. 18,300 34,950 Industrias Bachoco S.A.B. de C.V. Series B 59,438 296,481 # Industrias Bachoco S.A.B. de C.V. Sponsored ADR 200 11,962 #* Industrias CH S.A.B. de C.V. Series B 66,709 323,306 Industrias Penoles S.A.B. de C.V. 36,372 892,828 Infraestructura Energetica Nova S.A.B. de C.V. 47,449 268,662 # Kimberly-Clark de Mexico S.A.B. de C.V. Class A 183,000 368,004 * La Comer S.A.B. de C.V. 39,900 40,455 Megacable Holdings S.A.B. de C.V. 84,503 350,401 # Mexichem S.A.B. de C.V. 248,990 710,501 * Minera Frisco S.A.B. de C.V. Class A1 104,847 66,786 # Organizacion Cultiba S.A.B. de C.V. 8,550 7,780 * Organizacion Soriana S.A.B. de C.V. Class B 50,685 125,527 Promotora y Operadora de Infraestructura S.A.B. de C.V. 38,447 421,799 Promotora y Operadora de Infraestructura S.A.B. de C.V. 1,300 11,219 # Qualitas Controladora S.A.B. de C.V. 54,504 90,378 Rassini S.A.B. de C.V. 16,223 77,449 Rassini S.A.B. De C.V. Class A 5,600 13,042 * Telesites S.A.B. de C.V. 170,500 124,792 # TV Azteca S.A.B. de C.V. 601,831 114,602 Unifin Financiera S.A.B. de C.V. SOFOM ENR 16,594 54,053 Vitro S.A.B. de C.V. Series A 11,925 53,541 Wal-Mart de Mexico S.A.B. de C.V. 122,000 282,342 ----------- TOTAL MEXICO 22,568,825 ----------- NETHERLANDS -- (2.0%) Aalberts Industries NV 37,933 1,656,216 ABN AMRO Group NV 38,486 1,087,816 Accell Group 7,964 242,773 Aegon NV(5927375) 262,104 1,469,211 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NETHERLANDS -- (Continued) Aegon NV(007924103) 3,374 $ 18,793 Akzo Nobel NV 34,031 3,080,965 * Altice NV Class A 16,720 411,938 * Altice NV Class B 4,940 122,045 AMG Advanced Metallurgical Group NV 11,974 413,344 Amsterdam Commodities NV 6,765 200,953 APERAM SA 13,639 662,899 Arcadis NV 20,480 418,821 * ArcelorMittal(BYPBS67) 75,900 1,998,305 #* ArcelorMittal(03938L203) 6,661 174,260 ASM International NV 13,741 826,902 ASML Holding NV(B929F46) 1,499 226,051 ASML Holding NV(B908F01) 3,951 593,954 BE Semiconductor Industries NV 18,257 1,187,591 # Beter Bed Holding NV 7,231 134,242 # BinckBank NV 24,937 137,170 Boskalis Westminster 28,739 1,027,898 # Brunel International NV 5,294 81,354 Coca-Cola European Partners P.L.C. 13,469 584,596 Corbion NV 28,374 916,377 # Flow Traders 3,694 111,857 * Fugro NV 19,898 319,604 Gemalto NV(B9MS8P5) 15,142 771,352 Gemalto NV(B011JK4) 691 35,223 GrandVision NV 5,541 156,582 #* Heijmans NV 8,902 75,284 # Heineken NV 15,493 1,616,682 Hunter Douglas NV 1,531 133,964 IMCD Group NV 10,389 581,671 ING Groep NV 179,877 3,360,792 # ING Groep NV Sponsored ADR 38,057 712,808 KAS Bank NV 3,579 41,291 Kendrion NV 6,081 259,420 Koninklijke Ahold Delhaize NV 155,008 3,170,536 Koninklijke Ahold Delhaize NV Sponsored ADR 877 17,918 # Koninklijke BAM Groep NV 67,265 399,984 Koninklijke DSM NV 35,131 2,591,554 # Koninklijke KPN NV 416,493 1,510,348 Koninklijke Philips NV(500472303) 44,374 1,693,756 Koninklijke Philips NV(5986622) 64,873 2,479,189 Koninklijke Vopak NV 29,083 1,384,711 * Lucas Bols NV 799 18,722 Nederland Apparatenfabriek 1,265 58,105 NN Group NV 42,958 1,741,254 #* OCI NV 36,033 771,956 Ordina NV 32,896 61,469 PostNL NV 96,631 457,383 Randstad Holding NV 30,489 1,838,358 Refresco Group NV 13,370 261,234 RELX NV 48,598 1,020,772 RELX NV Sponsored ADR 3,667 77,402 SBM Offshore NV 51,476 890,185 Sligro Food Group NV 7,376 333,621 TKH Group NV 14,428 882,445 * TomTom NV 34,886 370,308 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NETHERLANDS -- (Continued) Unilever NV(904784709) 41,960 $ 2,440,813 Unilever NV(B12T3J1) 14,586 850,037 Van Lanschot Kempen NV 2,440 72,365 # Wessanen 43,673 770,044 Wolters Kluwer NV 37,368 1,661,883 ----------- TOTAL NETHERLANDS 53,677,356 ----------- NEW ZEALAND -- (0.3%) #* a2 Milk Co., Ltd. 106,585 353,456 Air New Zealand, Ltd. 176,085 443,306 Auckland International Airport, Ltd. 52,925 276,691 Chorus, Ltd. 123,790 414,819 Contact Energy, Ltd. 95,412 384,190 EBOS Group, Ltd. 18,390 249,822 Fisher & Paykel Healthcare Corp., Ltd. 80,671 664,722 Fletcher Building, Ltd.(6341606) 124,377 746,628 Fletcher Building, Ltd.(6341617) 2,494 14,978 # Fonterra Co-operative Group, Ltd. 8,487 38,570 Freightways, Ltd. 27,308 163,018 Genesis Energy, Ltd. 106,360 198,128 Gentrack Group, Ltd. 6,028 22,640 Heartland Bank, Ltd. 43,958 60,085 Infratil, Ltd. 89,231 207,159 Kathmandu Holdings, Ltd. 32,481 55,397 Mainfreight, Ltd. 23,066 420,935 Mercury NZ, Ltd. 54,040 141,322 Meridian Energy, Ltd. 55,750 120,597 Metlifecare, Ltd. 40,924 171,826 Metro Performance Glass, Ltd. 5,907 6,833 New Zealand Refining Co., Ltd. (The) 49,233 91,287 NZME, Ltd. 54,459 37,941 NZX, Ltd. 50,484 44,692 # Port of Tauranga, Ltd. 43,709 153,611 Restaurant Brands New Zealand, Ltd. 30,751 148,141 Ryman Healthcare, Ltd. 32,659 216,292 Sanford, Ltd. 2,704 14,736 Scales Corp., Ltd. 14,865 38,075 # SKY Network Television, Ltd. 76,992 191,362 SKYCITY Entertainment Group, Ltd. 209,399 635,480 Spark New Zealand, Ltd. 295,490 832,281 Steel & Tube Holdings, Ltd. 27,815 46,156 Summerset Group Holdings, Ltd. 52,003 189,433 Tilt Renewables, Ltd. 1,960 3,181 Tourism Holdings, Ltd. 62,758 201,853 * Tower, Ltd. 33,200 23,437 Trade Me Group, Ltd. 77,902 320,300 Trustpower, Ltd. 1,960 8,540 Vector, Ltd. 29,600 75,641 Warehouse Group, Ltd. (The) 9,300 15,087 * Xero, Ltd. 3,239 64,175 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NEW ZEALAND -- (Continued) Z Energy, Ltd. 36,222 $ 210,589 ---------- TOTAL NEW ZEALAND 8,717,412 ---------- NORWAY -- (0.6%) ABG Sundal Collier Holding ASA 150,605 104,460 # AF Gruppen ASA 584 11,112 * Akastor ASA 54,512 111,670 Aker ASA Class A 8,644 327,331 Aker BP ASA 31,110 587,666 * Aker Solutions ASA 40,684 203,477 American Shipping Co. ASA 9,183 28,908 Atea ASA 27,341 335,240 Austevoll Seafood ASA 40,040 355,668 #* Avance Gas Holding, Ltd. 9,395 28,722 #* Axactor AB 165,034 53,626 Bakkafrost P/F 8,309 326,255 Bonheur ASA 6,059 62,515 Borregaard ASA 30,703 384,012 BW LPG, Ltd. 24,241 109,305 #* BW Offshore, Ltd. 33,217 102,375 DNB ASA 56,852 1,116,828 * DNO ASA 134,182 156,506 * DOF ASA 284,106 33,650 Ekornes ASA 7,867 114,115 Entra ASA 10,642 141,448 #* Fred Olsen Energy ASA 13,177 19,263 Frontline, Ltd. 19,650 113,930 # Gjensidige Forsikring ASA 15,951 276,069 Grieg Seafood ASA 28,402 233,164 #* Hexagon Composites ASA 28,235 100,111 # Hoegh LNG Holdings, Ltd. 4,283 48,031 * Kongsberg Automotive ASA 161,629 171,249 Kongsberg Gruppen ASA 7,869 133,814 * Kvaerner ASA 55,434 80,911 Leroy Seafood Group ASA 62,010 359,926 Marine Harvest ASA 32,950 614,303 #* Nordic Semiconductor ASA 19,943 98,497 Norsk Hydro ASA 108,470 699,907 #* Norwegian Air Shuttle ASA 10,274 252,255 * Norwegian Finans Holding ASA 16,647 178,838 Norwegian Property ASA 30,113 37,986 # Ocean Yield ASA 15,623 133,462 * Odfjell Drilling, Ltd. 12,528 33,936 Olav Thon Eiendomsselskap ASA 3,016 64,542 Opera Software ASA 27,542 113,942 Orkla ASA 25,862 266,406 #* Petroleum Geo-Services ASA 99,365 217,929 * Prosafe SE 9,807 37,930 # Protector Forsikring ASA 18,958 185,541 #* REC Silicon ASA 665,345 81,667 Salmar ASA 4,691 121,959 Scatec Solar ASA 14,606 85,692 # Schibsted ASA Class A 3,999 102,018 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- NORWAY -- (Continued) Schibsted ASA Class B 3,285 $ 76,845 #* Seadrill, Ltd.(B09RMQ1) 74,009 27,625 #* Seadrill, Ltd.(B0HWHV8) 19,178 7,071 Selvaag Bolig ASA 6,406 29,733 Skandiabanken ASA 1,307 14,711 * Songa Offshore 7,619 34,159 SpareBank 1 SR-Bank ASA 35,050 349,832 Statoil ASA 88,812 1,669,139 Statoil ASA Sponsored ADR 7,338 137,661 Stolt-Nielsen, Ltd. 9,071 138,632 Storebrand ASA 99,362 828,802 Subsea 7 SA 59,998 889,043 Telenor ASA 22,079 440,775 TGS Nopec Geophysical Co. ASA 27,026 571,131 Tomra Systems ASA 29,260 415,882 Treasure ASA 11,068 22,912 Veidekke ASA 12,605 166,625 * Wallenius Wilhelmsen Logistics 6,093 38,089 Wilh Wilhelmsen Holding ASA Class A 3,371 105,978 # XXL ASA 11,210 109,187 Yara International ASA 18,484 734,669 ----------- TOTAL NORWAY 16,366,668 ----------- PERU -- (0.0%) Cementos Pacasmayo SAA ADR 1,856 21,361 Cia de Minas Buenaventura SAA ADR 1,300 15,912 Credicorp, Ltd. 1,928 356,950 * Fossal SAA ADR 235 254 * Grana y Montero SAA Sponsored ADR 5,845 18,646 ----------- TOTAL PERU 413,123 ----------- PHILIPPINES -- (0.3%) Aboitiz Equity Ventures, Inc. 73,140 110,113 Aboitiz Power Corp. 42,800 33,070 Alliance Global Group, Inc. 515,400 146,629 Ayala Corp. 11,910 204,041 Ayala Land, Inc. 183,300 152,553 Bank of the Philippine Islands 58,990 122,238 BDO Unibank, Inc. 167,693 418,168 Belle Corp. 1,052,000 79,008 * Bloomberry Resorts Corp. 642,700 112,134 Cebu Air, Inc. 55,940 111,964 Century Pacific Food, Inc. 148,400 54,281 China Banking Corp. 47,400 34,232 Cosco Capital, Inc. 522,100 79,992 D&L Industries, Inc. 510,800 124,088 DMCI Holdings, Inc. 620,200 197,828 * DoubleDragon Properties Corp. 59,200 53,972 East West Banking Corp. 79,300 50,212 EEI Corp. 63,900 16,087 Emperador, Inc. 295,000 43,776 Energy Development Corp. 3,018,500 357,120 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- PHILIPPINES -- (Continued) Filinvest Land, Inc. 2,591,000 $ 90,906 First Gen Corp. 240,900 82,592 First Philippine Holdings Corp. 64,670 84,582 * Global Ferronickel Holdings, Inc. 434,333 22,713 Globe Telecom, Inc. 5,395 226,336 GT Capital Holdings, Inc. 12,360 297,237 Integrated Micro-Electronics, Inc. 118,800 31,082 International Container Terminal Services, Inc. 108,050 228,655 JG Summit Holdings, Inc. 178,570 281,287 Jollibee Foods Corp. 41,950 186,927 Lopez Holdings Corp. 506,100 70,184 LT Group, Inc. 432,900 151,064 Manila Electric Co. 16,880 93,340 Manila Water Co., Inc. 226,400 143,514 * Megawide Construction Corp. 229,700 79,858 Megaworld Corp. 2,523,200 240,010 * Melco Resorts And Entertainment Philippines Corp. 339,000 60,481 Metro Pacific Investments Corp. 1,596,500 214,775 Metropolitan Bank & Trust Co. 60,804 104,859 Nickel Asia Corp. 583,600 69,363 Pepsi-Cola Products Philippines, Inc. 13,000 825 Petron Corp. 662,600 124,241 Philex Mining Corp. 319,400 55,984 Philippine National Bank 61,670 81,874 Phinma Energy Corp. 261,000 9,876 PLDT, Inc. 7,860 255,010 PLDT, Inc. Sponsored ADR 900 29,223 Premium Leisure Corp. 952,000 30,188 Puregold Price Club, Inc. 136,600 127,552 Rizal Commercial Banking Corp. 55,000 62,122 Robinsons Land Corp. 372,500 189,793 Robinsons Retail Holdings, Inc. 75,430 129,545 San Miguel Corp. 90,360 181,904 Security Bank Corp. 70,750 328,003 Semirara Mining & Power Corp. 57,670 193,723 SM Investments Corp. 5,075 81,159 SM Prime Holdings, Inc. 178,400 123,444 STI Education Systems Holdings, Inc. 634,000 18,585 Travellers International Hotel Group, Inc. 284,200 18,969 Union Bank of the Philippines 21,020 35,934 Universal Robina Corp. 37,270 118,882 Vista Land & Lifescapes, Inc. 1,737,000 206,123 ---------- TOTAL PHILIPPINES 7,664,230 ---------- POLAND -- (0.4%) * Alior Bank SA 15,551 277,028 Amica SA 1,001 45,313 * AmRest Holdings SE 800 82,259 Asseco Poland SA 21,830 274,399 Bank Handlowy w Warszawie SA 5,275 104,215 * Bank Millennium SA 133,470 286,439 Bank Pekao SA 9,894 351,554 Bank Zachodni WBK SA 3,014 318,221 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- POLAND -- (Continued) * Boryszew SA 42,569 $ 129,152 Budimex SA 2,085 128,249 CCC SA 2,999 203,559 CD Projekt SA 8,801 211,751 * Ciech SA 14,764 237,048 Cyfrowy Polsat SA 52,607 374,992 Dom Development SA 537 11,402 * Emperia Holding SA 616 14,527 # Enea SA 68,788 289,962 Energa SA 32,183 113,950 Eurocash SA 8,043 79,451 Fabryki Mebli Forte SA 1,134 21,385 * Famur SA 20,394 34,004 #* Getin Holding SA 68,486 25,334 * Getin Noble Bank SA 175,051 68,606 Globe Trade Centre SA 30,498 81,323 Grupa Azoty SA 10,318 201,808 Grupa Kety SA 2,023 235,527 * Grupa Lotos SA 41,870 565,767 * Impexmetal SA 41,073 50,284 * ING Bank Slaski SA 1,055 58,006 Inter Cars SA 906 71,985 * Jastrzebska Spolka Weglowa SA 16,416 377,920 Kernel Holding SA 16,729 295,980 KGHM Polska Miedz SA 17,956 610,887 KRUK SA 2,567 245,532 LPP SA 138 268,948 Lubelski Wegiel Bogdanka SA 2,634 52,561 * mBank SA 1,606 203,150 Netia SA 57,421 63,219 Neuca SA 238 21,694 * Orange Polska SA 73,547 111,535 Pfleiderer Grajewo SA 7,200 91,128 PGE Polska Grupa Energetyczna SA 130,329 474,942 * PKP Cargo SA 4,953 85,409 Polski Koncern Naftowy Orlen SA 38,846 1,150,129 Polskie Gornictwo Naftowe i Gazownictwo SA 40,356 75,004 * Powszechna Kasa Oszczednosci Bank Polski SA 44,733 457,996 Powszechny Zaklad Ubezpieczen SA 21,906 269,843 * Rafako SA 5,778 9,935 Stalprodukt SA 471 65,467 Synthos SA 104,522 129,079 * Tauron Polska Energia SA 294,662 312,279 Trakcja SA 10,194 38,504 Warsaw Stock Exchange 8,369 109,301 ----------- TOTAL POLAND 10,467,942 ----------- PORTUGAL -- (0.2%) Altri SGPS SA 29,560 134,248 * Banco Comercial Portugues SA Class R 1,495,316 426,225 CTT-Correios de Portugal SA 23,403 152,612 EDP - Energias de Portugal SA 125,311 444,910 EDP Renovaveis SA 45,219 361,383 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- PORTUGAL -- (Continued) Galp Energia SGPS SA 69,653 $1,115,877 Jeronimo Martins SGPS SA 25,041 492,515 Mota-Engil SGPS SA 37,904 106,624 Navigator Co. SA (The) 72,578 312,825 NOS SGPS SA 92,329 587,576 # REN - Redes Energeticas Nacionais SGPS SA 56,325 182,521 Semapa-Sociedade de Investimento e Gestao 8,675 168,609 Sonae Capital SGPS SA 30,612 29,231 Sonae SGPS SA 367,829 422,695 Teixeira Duarte SA 26,689 10,475 ---------- TOTAL PORTUGAL 4,948,326 ---------- RUSSIA -- (0.2%) Etalon Group, Ltd. GDR(B5TWX80) 16,911 60,565 Etalon Group, Ltd. GDR(29760G103) 26,889 96,128 Gazprom PJSC Sponsored ADR 207,012 805,842 Globaltrans Investment P.L.C. GDR 5,181 39,945 Globaltrans Investment P.L.C. Sponsored GDR 5,753 44,339 * Lenta, Ltd. GDR(BJ621Y903) 15,300 91,849 * Lenta, Ltd. GDR(52634T200) 8,436 50,616 Lukoil PJSC Sponsored ADR(BYZDW2900) 8,682 404,540 Lukoil PJSC Sponsored ADR(69343P105) 5,085 239,707 Magnitogorsk Iron & Steel PJSC Sponsored GDR 17,514 130,380 * Mail.Ru Group, Ltd. GDR 1,819 50,261 * Mechel PJSC Sponsored ADR 12,930 61,547 MegaFon PJSC GDR 12,834 123,195 MMC Norilsk Nickel PJSC ADR(BYSW6D901) 9,222 136,851 MMC Norilsk Nickel PJSC ADR(55315J102) 2,808 42,176 Novatek PJSC GDR(B0DK75903) 810 84,865 Novatek PJSC GDR(669888109) 491 51,359 Novolipetsk Steel PJSC GDR 8,327 173,980 PhosAgro PJSC GDR 7,385 101,317 Ros Agro P.L.C. GDR 1,362 16,344 Ros Agro PLC GDR 2,407 28,900 Rosneft Oil Co. PJSC GDR(B17FSC901) 21,859 112,269 Rosneft Oil Co. PJSC GDR(67812M207) 29,128 149,427 Rostelecom PJSC Sponsored ADR 8,039 52,948 RusHydro PJSC ADR 131,916 164,901 Sberbank of Russia PJSC Sponsored ADR(B5SC09903) 99,013 1,152,777 Sberbank of Russia PJSC Sponsored ADR(80585Y308) 7,280 85,504 Severstal PJSC GDR(B1G4YH908) 6,022 82,760 Severstal PJSC GDR(818150302) 5,828 80,077 Tatneft PJSC Sponsored ADR(876629205) 2,356 91,142 Tatneft PJSC Sponsored ADR(BYY37Q908) 7,972 307,406 TMK PJSC GDR(B1FY0V909) 5,570 29,114 TMK PJSC GDR(87260R201) 11,935 62,420 VEON, Ltd. 77,768 318,071 VTB Bank PJSC GDR(B1W7FX909) 67,339 129,943 VTB Bank PJSC GDR(46630Q202) 115,626 223,158 * X5 Retail Group NV GDR(B07T3T903) 6,435 248,936 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- RUSSIA -- (Continued) * X5 Retail Group NV GDR(98387E205) 287 $ 11,101 ---------- TOTAL RUSSIA 6,136,660 ---------- SINGAPORE -- (0.8%) Accordia Golf Trust 175,600 91,317 Ascendas India Trust 132,700 112,562 * Banyan Tree Holdings, Ltd. 55,400 22,476 Best World International, Ltd. 81,000 91,955 * Boustead Projects, Ltd. 3,600 2,478 Boustead Singapore, Ltd. 111,000 77,723 Breadtalk Group, Ltd. 21,500 27,767 Bukit Sembawang Estates, Ltd. 14,000 70,318 CapitaLand, Ltd. 229,400 624,045 Centurion Corp., Ltd. 37,900 14,406 China Aviation Oil Singapore Corp., Ltd. 29,400 35,574 China Sunsine Chemical Holdings, Ltd. 35,500 23,353 Chip Eng Seng Corp., Ltd. 125,100 66,877 CITIC Envirotech, Ltd. 129,900 72,013 City Developments, Ltd. 74,200 615,909 Civmec, Ltd. 80,600 36,273 ComfortDelGro Corp., Ltd. 333,500 568,221 * COSCO Shipping International Singapore Co., Ltd. 365,700 82,212 CSE Global, Ltd. 100,300 30,699 CWT, Ltd. 99,600 152,060 Dairy Farm International Holdings, Ltd. 19,500 157,222 DBS Group Holdings, Ltd. 110,775 1,767,262 Del Monte Pacific, Ltd. 160,100 36,587 Delfi, Ltd. 5,000 7,395 Duty Free International, Ltd. 42,700 9,756 * Dyna-Mac Holdings, Ltd. 38,000 3,865 * Ezion Holdings, Ltd. 547,950 97,039 #* Ezra Holdings, Ltd. 803,479 4,921 Far East Orchard, Ltd. 40,400 46,123 # First Resources, Ltd. 159,000 219,258 Food Empire Holdings, Ltd. 85,200 41,430 Frasers Centrepoint, Ltd. 56,200 79,834 Frencken Group, Ltd. 53,800 19,807 Fu Yu Corp., Ltd. 130,800 19,291 * Gallant Venture, Ltd. 211,200 21,533 Genting Singapore P.L.C. 245,800 211,189 Geo Energy Resources, Ltd. 208,800 39,266 GL, Ltd. 108,200 58,678 Global Logistic Properties, Ltd. 109,800 267,981 Golden Agri-Resources, Ltd. 2,001,600 582,828 Great Eastern Holdings, Ltd. 4,000 73,762 GuocoLand, Ltd. 11,000 15,457 * Halcyon Agri Corp., Ltd. 27,000 10,970 Hanwell Holdings, Ltd. 81,500 19,835 Haw Par Corp., Ltd. 1,800 13,954 Health Management International, Ltd. 50,531 24,784 Hi-P International, Ltd. 46,700 35,136 Ho Bee Land, Ltd. 55,900 99,744 Hong Fok Corp., Ltd. 85,000 49,190 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- SINGAPORE -- (Continued) Hong Leong Asia, Ltd. 13,300 $ 10,638 Hongkong Land Holdings, Ltd. 22,900 172,082 Hutchison Port Holdings Trust 1,350,400 641,039 Hyflux, Ltd. 178,500 63,178 Indofood Agri Resources, Ltd. 119,000 43,469 Japfa, Ltd. 168,500 72,053 Jardine Cycle & Carriage, Ltd. 5,933 176,667 k1 Ventures, Ltd. 68,500 36,662 Keppel Corp., Ltd. 186,700 882,939 Keppel Infrastructure Trust 394,900 160,243 Keppel Telecommunications & Transportation, Ltd. 32,900 37,994 Lian Beng Group, Ltd. 79,300 35,404 # M1, Ltd. 81,800 108,947 Mandarin Oriental International, Ltd. 16,600 33,560 Metro Holdings, Ltd. 204,400 175,585 * Midas Holdings, Ltd. 408,200 61,661 * Nam Cheong, Ltd. 133,000 1,963 #* Noble Group, Ltd. 332,130 91,699 NSL, Ltd. 15,200 16,027 Olam International, Ltd. 163,700 235,522 OUE, Ltd. 133,700 197,276 Oversea-Chinese Banking Corp., Ltd. 172,984 1,448,803 Oxley Holdings, Ltd. 205,600 87,923 Pan-United Corp., Ltd. 35,125 14,523 Q&M Dental Group Singapore, Ltd. 79,500 37,531 QAF, Ltd. 73,500 70,769 * Raffles Education Corp., Ltd. 50,000 7,143 # Raffles Medical Group, Ltd. 227,982 216,299 RHT Health Trust 235,600 154,675 Riverstone Holdings, Ltd. 54,100 42,115 * Rowsley, Ltd. 267,200 23,432 SATS, Ltd. 78,500 279,686 SembCorp Industries, Ltd. 413,896 985,719 # SembCorp Marine, Ltd. 118,400 147,137 Sheng Siong Group, Ltd. 106,100 73,981 SIA Engineering Co., Ltd. 16,600 44,567 # SIIC Environment Holdings, Ltd. 262,400 93,913 Sinarmas Land, Ltd. 396,100 124,096 Sing Holdings, Ltd. 63,900 17,430 Singapore Airlines, Ltd. 127,100 974,044 Singapore Exchange, Ltd. 50,800 283,531 # Singapore Post, Ltd. 364,400 353,408 # Singapore Press Holdings, Ltd. 86,900 186,571 Singapore Technologies Engineering, Ltd. 88,800 246,920 Singapore Telecommunications, Ltd.(B02PY22) 158,800 464,845 Singapore Telecommunications, Ltd.(B02PY00) 107,000 313,266 #* Sino Grandness Food Industry Group, Ltd. 203,490 32,989 Stamford Land Corp., Ltd. 26,000 9,983 # StarHub, Ltd. 105,300 212,086 Sunningdale Tech, Ltd. 52,500 78,206 * Swiber Holdings, Ltd. 29,250 440 Tai Sin Electric, Ltd. 47,100 15,311 * Tat Hong Holdings, Ltd. 153,800 41,950 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SINGAPORE -- (Continued) Tuan Sing Holdings, Ltd. 107,400 $ 26,495 UMS Holdings, Ltd. 70,000 54,719 United Engineers, Ltd. 176,400 340,765 United Industrial Corp., Ltd. 38,700 91,646 United Overseas Bank, Ltd. 72,062 1,275,180 UOB-Kay Hian Holdings, Ltd. 13,000 13,236 UOL Group, Ltd. 105,000 610,935 Valuetronics Holdings, Ltd. 177,980 106,341 Venture Corp., Ltd. 94,900 921,923 Wheelock Properties Singapore, Ltd. 105,100 144,978 Wilmar International, Ltd. 123,800 304,766 Wing Tai Holdings, Ltd. 218,700 329,115 ----------- TOTAL SINGAPORE 21,410,334 ----------- SOUTH AFRICA -- (1.7%) Adcock Ingram Holdings, Ltd. 12,195 58,902 Adcorp Holdings, Ltd. 8,176 8,748 Advtech, Ltd. 179,114 243,956 Aeci, Ltd. 40,168 322,961 African Rainbow Minerals, Ltd. 40,363 287,548 Alexander Forbes Group Holdings, Ltd. 189,872 97,486 Alviva Holdings, Ltd. 33,548 51,771 * Anglo American Platinum, Ltd. 6,508 159,371 AngloGold Ashanti, Ltd. 14,699 148,505 AngloGold Ashanti, Ltd. Sponsored ADR 117,913 1,181,488 * ArcelorMittal South Africa, Ltd. 133,813 50,943 Ascendis Health, Ltd. 53,024 80,571 Aspen Pharmacare Holdings, Ltd. 39,365 825,080 Assore, Ltd. 10,867 176,000 Astral Foods, Ltd. 12,580 138,381 * Attacq, Ltd. 97,378 132,315 * Aveng, Ltd. 94,182 37,258 AVI, Ltd. 111,540 829,533 Barclays Africa Group, Ltd. 90,297 991,272 Barloworld, Ltd. 75,782 681,953 Bid Corp., Ltd. 37,623 903,550 Bidvest Group, Ltd. (The) 125,913 1,602,826 Blue Label Telecoms, Ltd. 168,327 216,478 * Brait SE 71,192 339,613 Capitec Bank Holdings, Ltd. 6,397 417,297 Cashbuild, Ltd. 8,509 231,861 City Lodge Hotels, Ltd. 13,269 142,130 Clicks Group, Ltd. 45,588 516,887 Clover Industries, Ltd. 49,228 62,630 * Consolidated Infrastructure Group, Ltd. 33,851 40,576 Coronation Fund Managers, Ltd. 59,450 307,737 * Curro Holdings, Ltd. 23,476 75,619 DataTec, Ltd. 68,414 298,109 Discovery, Ltd. 59,619 634,640 Distell Group, Ltd. 10,861 119,716 DRDGOLD, Ltd. 67,874 22,657 EOH Holdings, Ltd. 42,616 348,490 Exxaro Resources, Ltd. 49,508 408,812 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH AFRICA -- (Continued) Famous Brands, Ltd. 17,681 $ 156,433 FirstRand, Ltd. 490,041 1,927,581 Foschini Group, Ltd. (The) 84,754 975,649 Gold Fields, Ltd. 30,473 121,565 # Gold Fields, Ltd. Sponsored ADR 290,169 1,157,774 * Grindrod, Ltd. 176,161 165,456 Group Five, Ltd. 21,012 27,160 Harmony Gold Mining Co., Ltd. 67,965 121,457 Harmony Gold Mining Co., Ltd. Sponsored ADR 41,621 75,334 Holdsport, Ltd. 11,491 58,342 Hudaco Industries, Ltd. 9,976 95,508 Hulamin, Ltd. 28,559 13,873 * Impala Platinum Holdings, Ltd. 142,986 381,774 Imperial Holdings, Ltd. 57,452 758,877 Investec, Ltd. 36,789 275,332 Invicta Holdings, Ltd. 1,753 7,113 Italtile, Ltd. 46,666 44,971 JSE, Ltd. 42,442 424,935 KAP Industrial Holdings, Ltd. 397,458 241,997 * Kumba Iron Ore, Ltd. 22,799 340,298 Lewis Group, Ltd. 34,490 80,607 Liberty Holdings, Ltd. 36,812 315,814 Life Healthcare Group Holdings, Ltd. 479,895 922,316 Massmart Holdings, Ltd. 48,815 410,004 Merafe Resources, Ltd. 560,795 57,852 Metair Investments, Ltd. 59,989 88,279 MiX Telematics, Ltd. 4,997 1,596 MMI Holdings, Ltd. 328,157 514,695 Mondi, Ltd. 22,432 582,392 Mpact, Ltd. 48,670 101,596 Mr. Price Group, Ltd. 34,944 459,221 MTN Group, Ltd. 280,350 2,520,856 # Murray & Roberts Holdings, Ltd. 143,603 150,922 * Nampak, Ltd. 184,691 267,848 Naspers, Ltd. Class N 5,120 1,131,798 # Nedbank Group, Ltd. 35,880 596,773 * NEPI Rockcastle P.L.C. 22,123 294,694 Netcare, Ltd. 192,956 359,087 * Northam Platinum, Ltd. 84,028 292,455 Oceana Group, Ltd. 16,231 116,301 Omnia Holdings, Ltd. 18,402 190,008 Peregrine Holdings, Ltd. 75,575 171,914 Pick n Pay Stores, Ltd. 152,359 733,303 Pioneer Foods Group, Ltd. 42,446 450,959 #* PPC, Ltd. 463,755 168,109 PSG Group, Ltd. 15,803 310,220 Raubex Group, Ltd. 55,460 99,761 Reunert, Ltd. 45,643 248,979 Rhodes Food Group Pty, Ltd. 59,205 102,177 * Royal Bafokeng Platinum, Ltd. 18,908 43,996 Sanlam, Ltd. 258,278 1,300,827 Santam, Ltd. 15,334 281,952 Sappi, Ltd. 177,810 1,177,826 Sasol, Ltd. 8,180 246,562 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH AFRICA -- (Continued) Sasol, Ltd. Sponsored ADR 39,155 $ 1,180,132 Shoprite Holdings, Ltd. 33,844 517,808 Sibanye Gold, Ltd. 434,275 554,304 Sibanye Gold, Ltd. Sponsored ADR 16,685 86,095 SPAR Group, Ltd. (The) 63,681 798,183 Spur Corp., Ltd. 22,560 48,233 Standard Bank Group, Ltd. 150,749 1,872,722 Steinhoff International Holdings NV 237,520 1,188,542 Sun International, Ltd. 26,416 111,229 * Super Group, Ltd. 138,404 382,755 Telkom SA SOC, Ltd. 109,461 540,295 Tiger Brands, Ltd. 24,192 733,484 Tongaat Hulett, Ltd. 33,882 305,297 Transaction Capital, Ltd. 44,861 50,431 Trencor, Ltd. 41,290 110,405 Truworths International, Ltd. 176,897 1,014,823 Tsogo Sun Holdings, Ltd. 151,574 263,036 Vodacom Group, Ltd. 19,623 265,161 Wilson Bayly Holmes-Ovcon, Ltd. 14,941 155,233 Woolworths Holdings, Ltd. 160,646 767,776 ----------- TOTAL SOUTH AFRICA 46,302,742 ----------- SOUTH KOREA -- (3.9%) #* Ace Technologies Corp. 5,022 19,415 Advanced Nano Products Co., Ltd. 1,764 24,772 Aekyung Petrochemical Co., Ltd. 3,630 50,317 AfreecaTV Co., Ltd. 1,213 26,025 * Agabang&Company 6,392 33,091 # Ahnlab, Inc. 779 36,367 AJ Networks Co., Ltd. 3,269 20,304 * AJ Rent A Car Co., Ltd. 5,779 52,200 AK Holdings, Inc. 2,254 144,377 # ALUKO Co., Ltd. 14,094 54,182 Amorepacific Corp. 869 220,173 AMOREPACIFIC Group 1,918 208,180 * Amotech Co., Ltd. 4,455 107,508 Anapass, Inc. 2,793 39,826 * APS Holdings Corp. 1,665 16,784 Asia Cement Co., Ltd. 423 32,869 ASIA Holdings Co., Ltd. 233 23,741 Asia Paper Manufacturing Co., Ltd. 1,806 32,115 * Asiana Airlines, Inc. 44,473 205,549 Atinum Investment Co., Ltd. 13,774 21,112 Aurora World Corp. 2,350 22,364 Autech Corp. 4,361 49,469 Avaco Co., Ltd. 3,317 22,216 Baiksan Co., Ltd. 5,715 49,832 * Barunson Entertainment & Arts Corp. 11,764 22,712 BGF retail Co., Ltd. 2,001 165,139 * BH Co., Ltd. 7,776 143,976 Binggrae Co., Ltd. 1,582 94,702 Bluecom Co., Ltd. 1,728 13,218 BNK Financial Group, Inc. 73,614 743,837 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) * Bohae Brewery Co., Ltd. 18,323 $ 16,702 Boryung Pharmaceutical Co., Ltd. 1,157 43,149 #* Bosung Power Technology Co., Ltd. 8,239 19,095 * Bubang Co., Ltd. 8,619 27,016 Bukwang Pharmaceutical Co., Ltd. 1,190 22,969 Byucksan Corp. 13,144 42,286 #* CammSys Corp. 12,294 29,325 #* Capro Corp. 10,770 57,954 Cell Biotech Co., Ltd. 1,192 37,880 * Celltrion, Inc. 1,969 190,829 * Chabiotech Co., Ltd. 7,185 77,050 Changhae Ethanol Co., Ltd. 1,072 17,501 * Charm Engineering Co., Ltd. 7,999 21,398 Cheil Worldwide, Inc. 6,646 120,854 * Chin Hung International, Inc. 7,063 13,972 * China Great Star International, Ltd. 20,389 24,622 Chong Kun Dang Pharmaceutical Corp. 481 48,370 Chongkundang Holdings Corp. 895 53,334 Chungdahm Learning, Inc. 1,652 24,868 CJ CGV Co., Ltd. 2,550 157,936 CJ CheilJedang Corp. 3,908 1,291,638 CJ Corp. 3,706 642,397 CJ E&M Corp. 4,234 282,483 CJ Freshway Corp. 1,329 49,830 CJ Hellovision Co., Ltd. 6,042 47,028 * CJ Korea Express Corp. 603 100,452 CJ O Shopping Co., Ltd. 1,115 198,138 CKD Bio Corp. 1,562 29,675 Com2uSCorp 1,979 202,767 Cosmax BTI, Inc. 905 20,173 # Cosmax, Inc. 1,285 118,691 * COSON Co., Ltd. 1,028 9,817 Coway Co., Ltd. 2,247 198,931 * Crown Confectionery Co., Ltd. 1,793 33,580 CROWNHAITAI Holdings Co., Ltd. 1,392 29,039 * CrucialTec Co., Ltd. 6,853 19,270 CS Wind Corp. 1,962 46,999 * CTL, Inc. 7,725 19,100 Cuckoo Electronics Co., Ltd. 291 36,555 #* Curoholdings Co., Ltd. 9,303 9,197 D.I Corp. 4,888 20,011 Dae Han Flour Mills Co., Ltd. 232 39,186 Dae Hyun Co., Ltd. 8,440 22,355 * Dae Won Chemical Co., Ltd. 8,405 19,308 Dae Won Kang Up Co., Ltd. 4,091 15,826 Dae-II Corp. 6,224 58,363 #* Daea TI Co., Ltd. 20,058 33,153 Daeduck Electronics Co. 8,884 88,850 Daeduck GDS Co., Ltd. 6,440 108,653 Daehan New Pharm Co., Ltd. 1,458 14,202 Daehan Steel Co., Ltd. 6,129 76,130 Daekyo Co., Ltd. 4,518 33,237 * Daekyung Machinery & Engineering Co., Ltd. 28,304 14,978 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Daelim Industrial Co., Ltd. 5,919 $485,046 Daeryuk Can Co., Ltd. 7,106 44,769 # Daesang Corp. 5,878 134,989 Daesang Holdings Co., Ltd. 3,999 39,134 Daewon Pharmaceutical Co., Ltd. 3,081 51,785 Daewon San Up Co., Ltd. 3,228 21,248 * Daewoo Engineering & Construction Co., Ltd. 22,977 168,287 * Daewoo Shipbuilding & Marine Engineering Co., Ltd. 31,947 23,981 Daewoong Co., Ltd. 3,655 49,475 Daewoong Pharmaceutical Co., Ltd. 413 34,408 Daihan Pharmaceutical Co., Ltd. 1,718 55,791 Daishin Securities Co., Ltd. 13,218 180,770 #* Danal Co., Ltd. 9,769 46,978 Daou Data Corp. 5,374 58,320 Daou Technology, Inc. 12,056 239,636 #* Dasan Networks, Inc. 3,438 16,430 Dayou Automotive Seat Technology Co., Ltd. 24,500 29,328 DGB Financial Group, Inc. 48,482 517,915 Digital Chosun Co., Ltd. 7,564 15,425 * Digital Optics Co., Ltd. 4,127 8,505 Digital Power Communications Co., Ltd. 10,160 41,289 * DIO Corp. 1,644 51,343 DMS Co., Ltd. 3,334 29,329 * DNF Co., Ltd. 3,515 49,160 # Dong A Eltek Co., Ltd. 2,518 43,749 Dong Ah Tire & Rubber Co., Ltd. 2,722 66,964 Dong-A Socio Holdings Co., Ltd. 581 67,032 Dong-A ST Co., Ltd. 749 55,557 Dong-Ah Geological Engineering Co., Ltd. 3,110 38,045 * Dongbu Corp. 640 8,773 * Dongbu HiTek Co., Ltd. 8,367 142,974 Dongbu Insurance Co., Ltd. 10,096 722,599 * Dongbu Securities Co., Ltd. 9,514 34,016 Dongil Industries Co., Ltd. 212 14,208 # Dongjin Semichem Co., Ltd. 16,117 243,440 * Dongkook Industrial Co., Ltd. 10,487 20,894 DongKook Pharmaceutical Co., Ltd. 621 33,405 Dongkuk Industries Co., Ltd. 14,504 61,303 Dongkuk Steel Mill Co., Ltd. 17,327 222,125 # Dongkuk Structures & Construction Co., Ltd. 4,495 25,708 Dongsuh Cos., Inc. 1,462 38,614 Dongsung Chemical Co., Ltd. 737 11,564 DONGSUNG Corp. 8,491 49,018 # Dongsung Finetec Co., Ltd. 7,063 37,802 Dongwha Enterprise Co., Ltd. 717 23,355 Dongwha Pharm Co., Ltd. 3,099 22,653 Dongwon Development Co., Ltd. 14,753 65,929 Dongwon F&B Co., Ltd. 381 73,540 Dongwon Industries Co., Ltd. 423 104,672 Dongwon Systems Corp. 542 25,769 Doosan Corp. 2,814 296,712 * Doosan Engine Co., Ltd. 14,369 52,986 Doosan Heavy Industries & Construction Co., Ltd. 15,444 284,351 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) * Doosan Infracore Co., Ltd. 62,969 $ 453,148 Douzone Bizon Co., Ltd. 4,381 136,672 DRB Holding Co., Ltd. 2,465 20,993 DY Corp. 6,599 42,470 e Tec E&C, Ltd. 549 67,413 e-LITECOM Co., Ltd. 2,144 17,862 E-MART, Inc. 3,127 709,857 E1 Corp. 695 38,014 Eagon Industrial, Ltd. 1,531 12,926 # Easy Bio, Inc. 19,573 121,030 #* EcoBio Holdings Co., Ltd. 2,093 17,752 #* Ecopro Co., Ltd. 3,348 88,390 Elentec Co., Ltd. 4,107 18,449 EM-Tech Co., Ltd. 4,598 55,695 * Emerson Pacific, Inc. 1,462 40,303 ENF Technology Co., Ltd. 4,799 93,388 Eo Technics Co., Ltd. 867 64,881 Eugene Corp. 13,972 78,640 * Eugene Investment & Securities Co., Ltd. 23,816 78,543 Eugene Technology Co., Ltd. 3,563 54,556 Eusu Holdings Co., Ltd. 7,790 53,022 F&F Co., Ltd. 1,595 39,970 Farmsco 3,987 43,481 # Feelux Co., Ltd. 6,770 19,048 Fila Korea, Ltd. 1,191 78,758 Fine Technix Co., Ltd. 5,200 11,297 * Foosung Co., Ltd. 15,450 151,799 #* G-SMATT GLOBAL Co., Ltd. 1,959 23,695 #* Gamevil, Inc. 845 41,586 #* GNCO Co., Ltd. 12,219 22,771 Golfzon Co., Ltd. 592 26,860 GOLFZONNEWDIN Co., Ltd. 8,068 40,540 Grand Korea Leisure Co., Ltd. 11,973 245,719 Green Cross Corp. 505 83,047 Green Cross Holdings Corp. 6,029 176,754 #* GS Engineering & Construction Corp. 10,989 312,481 * GS Global Corp. 25,862 71,630 GS Holdings Corp. 15,127 1,019,667 GS Home Shopping, Inc. 818 172,019 GS Retail Co., Ltd. 1,817 78,560 Halla Holdings Corp. 3,103 182,862 Han Kuk Carbon Co., Ltd. 6,762 36,214 Hana Financial Group, Inc. 27,790 1,267,978 * Hana Micron, Inc. 5,902 26,725 Hana Tour Service, Inc. 1,516 115,384 Hancom, Inc. 2,449 34,998 Handok, Inc. 729 16,393 Handsome Co., Ltd. 3,588 115,749 Hanil Cement Co., Ltd. 1,011 111,938 #* Hanjin Heavy Industries & Construction Co., Ltd. 31,347 124,222 * Hanjin Kal Corp. 14,045 295,143 Hanjin Transportation Co., Ltd. 2,298 64,816 * Hankook Cosmetics Co., Ltd. 3,430 47,441 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Hankook Shell Oil Co., Ltd. 160 $ 58,911 Hankook Tire Co., Ltd. 14,035 784,316 Hankuk Paper Manufacturing Co., Ltd. 663 17,507 #* Hanmi Pharm Co., Ltd. 696 228,798 * Hanmi Science Co., Ltd. 694 51,653 Hanmi Semiconductor Co., Ltd. 7,775 58,666 Hanon Systems 21,775 199,294 Hansae Co., Ltd. 2,207 51,632 Hansae Yes24 Holdings Co., Ltd. 4,916 43,520 Hanshin Construction 1,101 20,020 Hansol Chemical Co., Ltd. 2,668 180,140 * Hansol Holdings Co., Ltd. 12,039 67,022 * Hansol HomeDeco Co., Ltd. 15,521 20,667 Hansol Paper Co., Ltd. 4,185 71,055 * Hansol SeenTec Co., Ltd. 12,363 13,809 * Hansol Technics Co., Ltd. 5,696 79,430 Hanssem Co., Ltd. 891 140,117 Hanwha Chemical Corp. 23,678 713,690 Hanwha Corp. 19,028 832,252 * Hanwha Galleria Timeworld Co., Ltd. 549 13,983 Hanwha General Insurance Co., Ltd. 12,628 113,404 #* Hanwha Investment & Securities Co., Ltd. 57,309 188,281 # Hanwha Life Insurance Co., Ltd. 42,274 285,236 * Hanwha Techwin Co., Ltd. 6,153 219,600 Hanyang Eng Co., Ltd. 2,985 34,782 Harim Co., Ltd. 8,161 33,321 Harim Holdings Co., Ltd. 15,010 55,952 HB Technology Co., Ltd. 12,773 53,596 # Heung-A Shipping Co., Ltd. 50,220 59,496 Hite Jinro Co., Ltd. 5,965 127,657 Hitejinro Holdings Co., Ltd. 1,367 14,110 HMC Investment Securities Co., Ltd. 5,341 56,797 Hotel Shilla Co., Ltd. 2,379 137,975 HS Industries Co., Ltd. 8,745 73,693 HS R&A Co., Ltd. 12,730 33,605 Huchems Fine Chemical Corp. 3,204 71,410 * Hugel, Inc. 218 113,234 Humax Co., Ltd. 6,166 59,498 Huons Global Co., Ltd. 1,891 58,887 Huvis Corp. 2,758 20,092 Hwa Shin Co., Ltd. 6,628 34,103 HwaSung Industrial Co., Ltd. 2,437 33,100 Hy-Lok Corp. 3,442 70,881 Hyosung Corp. 5,389 806,735 Hyundai BNG Steel Co., Ltd. 2,999 34,430 * Hyundai Cement Co. 369 8,173 * Hyundai Construction Equipment Co., Ltd. 166 54,336 Hyundai Corp Holdings Inc. 1,010 13,312 Hyundai Corp. 2,694 48,986 Hyundai Department Store Co., Ltd. 3,962 393,067 Hyundai Development Co-Engineering & Construction 9,847 375,084 * Hyundai Electric & Energy System Co., Ltd. 172 49,724 Hyundai Elevator Co., Ltd. 2,540 121,861 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Hyundai Engineering & Construction Co., Ltd. 18,450 $ 746,164 Hyundai Engineering Plastics Co., Ltd. 7,950 49,393 Hyundai Glovis Co., Ltd. 2,127 298,454 Hyundai Greenfood Co., Ltd. 9,664 157,862 * Hyundai Heavy Industries Co., Ltd. 2,623 408,703 Hyundai Home Shopping Network Corp. 893 110,070 Hyundai Hy Communications & Networks Co., Ltd. 16,126 60,237 Hyundai Livart Furniture Co., Ltd. 2,378 53,740 Hyundai Marine & Fire Insurance Co., Ltd. 23,619 958,249 * Hyundai Merchant Marine Co., Ltd. 978 6,808 * Hyundai Mipo Dockyard Co., Ltd. 3,668 352,096 Hyundai Mobis Co., Ltd. 3,644 800,831 Hyundai Motor Co. 10,934 1,415,468 * Hyundai Robotics Co., Ltd. 557 219,392 #* Hyundai Rotem Co., Ltd. 3,842 64,367 Hyundai Steel Co. 10,527 589,397 # Hyundai Wia Corp. 4,322 266,564 i-SENS, Inc. 555 13,489 * iA, Inc. 7,329 23,692 * IE, Ltd. 49,288 10,967 * IHQ, Inc. 21,846 40,794 IL Dong Pharmaceutical Co., Ltd. 1,299 22,340 IlDong Holdings Co., Ltd. 478 6,580 * Iljin Display Co., Ltd. 5,199 36,465 # Iljin Holdings Co., Ltd. 5,037 25,988 Ilshin Spinning Co., Ltd. 467 50,719 iMarketKorea, Inc. 6,839 77,907 InBody Co., Ltd. 2,830 74,063 Industrial Bank of Korea 29,963 413,911 * INITECH Co., Ltd. 3,505 23,662 Innocean Worldwide, Inc. 420 25,628 * Innox Advanced Materials Co., Ltd. 1,315 80,145 * Innox Corp. 565 11,016 * Insun ENT Co., Ltd. 7,613 54,943 * Interflex Co., Ltd. 1,898 58,512 Interojo Co., Ltd. 2,086 66,637 Interpark Holdings Corp. 15,035 76,987 INTOPS Co., Ltd. 2,626 27,537 IS Dongseo Co., Ltd. 4,074 151,110 ISC Co., Ltd. 731 16,734 ISU Chemical Co., Ltd. 2,823 45,177 IsuPetasys Co., Ltd. 13,287 51,382 J.ESTINA Co., Ltd. 3,160 17,387 Jahwa Electronics Co., Ltd. 2,194 36,584 JASTECH, Ltd. 4,110 70,334 JB Financial Group Co., Ltd. 34,329 212,675 * Jcontentree Corp. 9,351 35,849 Jeju Air Co., Ltd. 849 27,128 Jinro Distillers Co., Ltd. 564 16,780 * Jusung Engineering Co., Ltd. 9,061 131,893 JW Holdings Corp. 8,096 64,877 JW Pharmaceutical Corp. 1,216 51,285 * JYP Entertainment Corp. 4,958 31,448 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Kakao Corp. 978 $ 104,761 Kangnam Jevisco Co., Ltd. 961 34,779 Kangwon Land, Inc. 3,355 110,957 KAON Media Co., Ltd. 3,801 40,242 KB Financial Group, Inc. 24,940 1,326,076 KC Green Holdings Co., Ltd. 5,906 32,662 KC Tech Co., Ltd. 5,079 107,774 KCC Corp. 1,165 454,036 * KEC Corp. 18,489 15,960 # KEPCO Engineering & Construction Co., Inc. 1,886 31,933 KEPCO Plant Service & Engineering Co., Ltd. 2,168 87,171 Keyang Electric Machinery Co., Ltd. 4,213 18,109 * KEYEAST Co., Ltd. 17,672 34,113 KG Chemical Corp. 3,561 49,694 KG Eco Technology Service Co., Ltd. 5,815 23,420 Kginicis Co., Ltd. 4,395 50,852 KGMobilians Co., Ltd. 2,177 14,435 KH Vatec Co., Ltd. 5,594 41,591 Kia Motors Corp. 24,166 789,667 KISCO Corp. 1,233 47,653 KISCO Holdings Co., Ltd. 391 26,306 KISWIRE, Ltd. 2,341 82,385 KIWOOM Securities Co., Ltd. 2,888 219,196 * KleanNara Co., Ltd. 5,677 25,369 * KMH Co., Ltd. 4,264 39,629 Kodaco Co., Ltd. 11,316 35,739 Koentec Co., Ltd. 16,972 73,101 Koh Young Technology, Inc. 3,071 176,118 Kolao Holdings 7,228 35,735 Kolmar BNH Co., Ltd. 2,164 39,550 Kolon Corp. 1,614 89,281 Kolon Global Corp. 2,247 25,522 # Kolon Industries, Inc. 3,972 233,138 * Komipharm International Co., Ltd. 1,137 41,159 * KONA I Co., Ltd. 5,300 62,071 Kook Soon Dang Brewery Co., Ltd. 6,281 36,151 Korea Aerospace Industries, Ltd. 8,473 391,929 Korea Alcohol Industrial Co., Ltd. 5,942 43,251 Korea Autoglass Corp. 1,496 27,976 Korea Circuit Co., Ltd. 3,032 36,409 Korea District Heating Corp. 424 29,337 Korea Electric Power Corp. 3,633 144,841 Korea Electric Power Corp. Sponsored ADR 4,000 80,280 Korea Electric Terminal Co., Ltd. 1,371 86,480 * Korea Gas Corp. 2,619 117,480 * Korea Information & Communications Co, Ltd. 2,407 24,636 Korea Investment Holdings Co., Ltd. 8,732 555,597 Korea Kolmar Co., Ltd. 1,232 78,159 Korea Kolmar Holdings Co., Ltd. 685 18,342 #* Korea Line Corp. 5,318 153,395 Korea Petrochemical Ind Co., Ltd. 1,492 344,147 Korea United Pharm, Inc. 3,661 65,937 Korea Zinc Co., Ltd. 802 353,568 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) * Korean Air Lines Co., Ltd. 13,491 $ 428,414 Korean Reinsurance Co. 24,805 285,955 Kortek Corp. 3,151 39,427 KPX Chemical Co., Ltd. 347 22,078 KSS LINE, Ltd. 2,238 19,589 KT Corp. 2,588 80,472 KT Corp. Sponsored ADR 2,500 45,475 * KT Hitel Co., Ltd. 4,017 23,817 KT Skylife Co., Ltd. 10,339 154,287 KT&G Corp. 5,387 548,713 * KTB Investment & Securities Co., Ltd. 10,900 34,938 KTCS Corp. 8,939 19,057 Ktis Corp. 7,637 22,140 Kukdo Chemical Co., Ltd. 877 44,821 Kumho Industrial Co., Ltd. 5,409 54,640 # Kumho Petrochemical Co., Ltd. 4,146 279,502 #* Kumho Tire Co., Inc. 30,878 208,237 Kumkang Kind Co., Ltd. 826 27,815 Kwang Dong Pharmaceutical Co., Ltd. 11,146 83,922 * Kwang Myung Electric Co., Ltd. 8,801 19,570 Kwangju Bank Co., Ltd. 8,167 101,083 Kyobo Securities Co., Ltd. 7,517 70,547 Kyung Dong Navien Co., Ltd. 1,287 40,698 * Kyung Nam Pharm Co., Ltd. 3,666 30,930 Kyung-In Synthetic Corp. 9,948 35,317 Kyungbang, Ltd. 2,540 37,003 * KyungDong City Gas Co., Ltd. 379 17,176 KyungDong Invest Co., Ltd. 230 10,933 Kyungdong Pharm Co., Ltd. 814 13,967 * LB Semicon, Inc. 13,039 32,489 LEADCORP, Inc. (The) 7,093 47,921 * Leaders Cosmetics Co., Ltd. 4,291 55,978 LEENO Industrial, Inc. 751 33,268 LF Corp. 6,172 172,971 LG Chem, Ltd. 4,222 1,237,788 LG Corp. 6,968 469,417 LG Display Co., Ltd. 51,445 1,451,655 # LG Display Co., Ltd. ADR 7,000 99,610 LG Electronics, Inc. 22,435 1,344,857 LG Hausys, Ltd. 2,560 251,595 LG Household & Health Care, Ltd. 473 418,862 LG Innotek Co., Ltd. 3,337 446,874 LG International Corp. 6,111 160,548 LG Uplus Corp. 51,396 764,070 LIG Nex1 Co., Ltd. 604 44,195 Lion Chemtech Co., Ltd. 2,336 30,789 * Liveplex Co., Ltd. 14,590 11,446 Lock & Lock Co., Ltd. 3,536 42,506 Loen Entertainment, Inc. 614 49,171 * LOT Vacuum Co., Ltd. 3,713 57,771 Lotte Chemical Corp. 2,352 774,362 Lotte Chilsung Beverage Co., Ltd. 142 204,857 Lotte Confectionery Co., Ltd. 916 166,597 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) LOTTE Fine Chemical Co., Ltd. 6,059 $234,025 Lotte Food Co., Ltd. 184 102,644 LOTTE Himart Co., Ltd. 2,942 182,974 Lotte Non-Life Insurance Co., Ltd. 16,201 44,589 Lotte Shopping Co., Ltd. 1,225 287,750 LS Corp. 4,863 365,547 LS Industrial Systems Co., Ltd. 4,120 212,631 * Lumens Co., Ltd. 10,136 36,757 Macquarie Korea Infrastructure Fund 38,126 287,896 * Macrogen, Inc. 1,290 26,804 * Maeil Dairies Co., Ltd. 793 53,423 Maeil Holdings Co., Ltd. 712 15,240 Mando Corp. 1,381 316,593 MDS Technology Co., Ltd. 1,135 21,178 Medy-Tox, Inc. 547 288,892 MegaStudy Co., Ltd. 429 11,575 MegaStudyEdu Co., Ltd. 249 7,836 * Melfas, Inc. 4,344 17,580 Meritz Financial Group, Inc. 15,252 207,161 Meritz Fire & Marine Insurance Co., Ltd. 20,784 439,131 Meritz Securities Co., Ltd. 76,653 356,793 Mi Chang Oil Industrial Co., Ltd. 191 15,291 * MiCo, Ltd. 7,444 27,808 Mirae Asset Daewoo Co., Ltd. 64,525 625,928 Mirae Asset Life Insurance Co., Ltd. 8,556 40,157 Miwon Holdings Co., Ltd. 116 7,735 * Miwon Specialty Chemical Co., Ltd. 323 17,658 # MK Electron Co., Ltd. 7,432 74,337 * MNTech Co., Ltd. 7,262 45,978 Mobase Co., Ltd. 1,602 11,345 Modetour Network, Inc. 1,882 48,387 Moorim P&P Co., Ltd. 4,460 18,696 Muhak Co., Ltd. 4,292 87,039 # Myungmoon Pharm Co., Ltd. 4,676 23,634 Namhae Chemical Corp. 6,019 52,489 * Namsun Aluminum Co., Ltd. 19,860 21,745 Namyang Dairy Products Co., Ltd. 115 75,224 * Nanos Co., Ltd. 2,198 24,945 NAVER Corp. 509 365,475 NCSoft Corp. 763 246,102 NeoPharm Co., Ltd. 1,128 32,210 * Neowiz 4,691 50,510 * NEOWIZ HOLDINGS Corp. 2,036 27,906 * NEPES Corp. 10,260 93,391 Nexen Corp. 8,306 65,533 Nexen Tire Corp. 12,573 149,449 * Nexon GT Co., Ltd. 2,833 18,087 # Nexturn Co., Ltd. 1,556 22,253 NH Investment & Securities Co., Ltd. 26,748 338,335 * NHN Entertainment Corp. 4,415 302,571 * NHN KCP Corp. 3,337 55,418 NICE Holdings Co., Ltd. 7,246 107,181 Nice Information & Telecommunication, Inc. 1,600 35,032 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) NICE Information Service Co., Ltd. 13,197 $ 108,031 NICE Total Cash Management Co., Ltd. 8,267 77,562 Nong Shim Holdings Co., Ltd. 716 70,047 * Nong Woo Bio Co., Ltd. 1,161 15,307 NongShim Co., Ltd. 507 144,710 NOROO Paint & Coatings Co., Ltd. 2,394 18,693 NS Shopping Co., Ltd. 5,600 83,564 * NUTRIBIOTECH Co., Ltd. 862 16,985 # OCI Co., Ltd. 4,083 336,779 * Omnisystem Co., Ltd. 13,737 29,285 * OPTRON-TEC, Inc. 5,659 43,462 * Orion Corp. 2,586 189,710 Orion Holdings Corp. 1,344 33,147 #* Osstem Implant Co., Ltd. 2,849 153,118 Ottogi Corp. 90 62,980 * Pan Ocean Co., Ltd. 35,422 184,432 #* PaperCorea, Inc. 65,315 17,574 # Paradise Co., Ltd. 10,740 127,505 Partron Co., Ltd. 11,330 85,962 #* Paru Co., Ltd. 14,061 82,578 * Pobis TNC Co., Ltd. 10,917 17,174 Poongsan Corp. 6,855 304,343 Poongsan Holdings Corp. 1,313 67,345 POSCO 3,587 1,071,849 POSCO Sponsored ADR 11,313 849,833 POSCO Chemtech Co., Ltd. 5,859 109,663 POSCO Coated & Color Steel Co., Ltd. 604 17,243 Posco Daewoo Corp. 12,076 253,583 Posco ICT Co., Ltd. 13,262 76,009 * Power Logics Co., Ltd. 10,823 45,242 PSK, Inc. 5,179 99,788 Pulmuone Co., Ltd. 213 23,694 Pyeong Hwa Automotive Co., Ltd. 4,745 60,826 * RFTech Co., Ltd. 3,833 18,534 * S&S Tech Corp. 3,957 21,862 * S&T Dynamics Co., Ltd. 5,618 46,709 S&T Holdings Co., Ltd. 1,818 26,826 S&T Motiv Co., Ltd. 2,649 125,779 S-1 Corp. 2,132 175,673 #* S-Connect Co., Ltd. 22,401 44,337 S-Oil Corp. 5,960 620,843 # S.Y. Panel Co., Ltd. 3,038 25,207 Sajo Industries Co., Ltd. 772 52,778 Sam Chun Dang Pharm Co., Ltd. 5,368 65,688 Sam Young Electronics Co., Ltd. 2,512 30,858 Sam Yung Trading Co., Ltd. 1,601 27,073 Samchully Co., Ltd. 644 65,891 Samchuly Bicycle Co., Ltd. 2,639 24,768 Samho Development Co., Ltd. 5,939 26,622 * Samho International Co., Ltd. 1,716 30,888 SAMHWA Paints Industrial Co., Ltd. 4,214 33,186 Samick Musical Instruments Co., Ltd. 9,330 16,170 # Samick THK Co., Ltd. 3,397 66,919 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SOUTH KOREA -- (Continued) * Samji Electronics Co., Ltd. 2,456 $ 18,169 Samjin Pharmaceutical Co., Ltd. 4,150 123,866 Samkee Automotive Co., Ltd. 5,315 17,388 Samkwang Glass 293 14,797 Sammok S-Form Co., Ltd. 3,916 48,061 * SAMPYO Cement Co., Ltd. 6,670 23,008 Samsung C&T Corp. 1,798 223,284 Samsung Card Co., Ltd. 6,679 236,854 Samsung Electro-Mechanics Co., Ltd. 11,404 952,383 Samsung Electronics Co., Ltd. 7,245 15,580,220 #* Samsung Engineering Co., Ltd. 30,258 275,699 Samsung Fire & Marine Insurance Co., Ltd. 2,875 750,070 * Samsung Heavy Industries Co., Ltd. 50,202 502,397 Samsung Life Insurance Co., Ltd. 4,120 462,039 Samsung SDI Co., Ltd. 4,716 708,659 Samsung SDS Co., Ltd. 1,090 174,148 Samsung Securities Co., Ltd. 12,915 468,147 SAMT Co., Ltd. 33,156 66,419 Samwha Capacitor Co., Ltd. 3,391 65,117 Samyang Corp. 831 75,412 Samyang Foods Co., Ltd. 425 18,549 Samyang Holdings Corp. 1,141 117,280 Samyang Tongsang Co., Ltd. 454 20,115 Samyoung M-Tek Co., Ltd. 3,893 13,454 * Sangbo Corp. 7,737 16,244 SBS Media Holdings Co., Ltd. 14,920 40,476 #* SBW 36,660 45,386 Seah Besteel Corp. 4,951 154,138 SeAH Steel Corp. 1,414 122,846 Sebang Co., Ltd. 3,396 45,076 Sebang Global Battery Co., Ltd. 2,869 99,391 * Seegene, Inc. 1,200 31,249 Sejong Industrial Co., Ltd. 2,136 16,321 Sekonix Co., Ltd. 3,832 54,574 Seobu T&D 3,876 56,419 Seohan Co., Ltd. 25,689 57,773 Seohee Construction Co., Ltd. 59,134 66,364 Seoul Auction Co., Ltd. 2,406 17,856 Seoul Semiconductor Co., Ltd. 14,590 271,077 SEOWONINTECH Co., Ltd. 3,132 34,018 Seoyon Co., Ltd. 2,897 25,511 * Sewon Cellontech Co., Ltd. 8,438 20,058 SFA Engineering Corp. 6,976 234,019 * SFA Semicon Co, Ltd. 21,092 56,507 #* SG Corp. 32,481 29,603 SH Energy & Chemical Co., Ltd. 26,194 33,962 * Shin Poong Pharmaceutical Co., Ltd. 12,827 67,833 Shinhan Financial Group Co., Ltd. 23,461 1,115,030 Shinhan Financial Group Co., Ltd. ADR 3,200 152,064 Shinsegae Engineering & Construction Co., Ltd. 863 24,942 Shinsegae Food Co., Ltd. 316 41,257 Shinsegae Information & Communication Co., Ltd. 458 33,744 Shinsegae International, Inc. 678 41,023 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Shinsegae, Inc. 1,721 $ 365,741 #* Shinsung E&G Energy Co., Ltd. 19,739 39,849 * Shinsung Tongsang Co., Ltd. 23,223 20,613 Shinwha Intertek Corp. 10,450 29,064 Shinyoung Securities Co., Ltd. 586 30,945 # SHOWBOX Corp. 5,036 28,576 Silicon Works Co., Ltd. 2,175 69,217 Silla Co., Ltd. 2,038 26,040 SIMMTECH Co., Ltd. 10,495 97,416 * SIMMTECH HOLDINGS Co., Ltd. 18,290 45,947 Sindoh Co., Ltd. 1,902 97,960 SK Bioland Co., Ltd. 1,494 21,756 SK Chemicals Co., Ltd. 3,542 216,712 SK Gas, Ltd. 1,647 169,243 SK Holdings Co., Ltd. 4,942 1,198,653 SK Hynix, Inc. 46,357 2,725,437 SK Innovation Co., Ltd. 7,223 1,139,976 SK Materials Co., Ltd. 620 102,247 SK Networks Co., Ltd. 27,989 158,332 #* SK Securities Co., Ltd. 99,631 115,317 SK Telecom Co., Ltd. 354 87,550 SK Telecom Co., Ltd. ADR 1,400 38,164 SKC Co., Ltd. 6,532 211,433 * SKC Solmics Co., Ltd. 14,915 60,004 SKCKOLONPI, Inc. 4,953 120,574 SL Corp. 4,432 88,081 * SM Entertainment Co. 3,458 91,442 * Solid, Inc. 4,615 9,500 Songwon Industrial Co., Ltd. 6,590 120,153 Soulbrain Co., Ltd. 3,188 195,107 SPC Samlip Co., Ltd. 385 56,776 Spigen Korea Co., Ltd. 1,063 37,988 Ssangyong Cement Industrial Co., Ltd. 7,674 98,339 * Ssangyong Information & Communication 2,146 4,049 * Ssangyong Motor Co. 9,941 55,407 Suheung Co., Ltd. 1,335 41,577 Sunchang Corp. 2,455 21,748 Sung Kwang Bend Co., Ltd. 9,320 82,387 Sungchang Enterprise Holdings, Ltd. 23,155 59,831 * Sungshin Cement Co., Ltd. 4,554 30,125 Sungwoo Hitech Co., Ltd. 11,806 75,308 Sunjin Co., Ltd. 2,836 47,132 * Suprema HQ, Inc. 570 3,720 * Suprema, Inc. 529 11,897 * Synopex, Inc. 12,915 23,861 Systems Technology, Inc. 3,102 49,786 * T'way Holdings, Inc. 6,101 19,547 Taekwang Industrial Co., Ltd. 135 148,959 #* Taewoong Co., Ltd. 4,558 92,998 * Taeyoung Engineering & Construction Co., Ltd. 11,847 97,587 * Taihan Electric Wire Co., Ltd. 11,757 13,089 * TBH Global Co., Ltd. 5,128 48,975 # TechWing, Inc. 4,245 53,665 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) TES Co., Ltd. 6,178 $164,618 * Texcell-NetCom Co., Ltd. 12,437 109,069 * Thinkware Systems Corp. 2,160 22,090 * TK Chemical Corp. 10,111 20,034 TK Corp. 4,503 38,656 Tokai Carbon Korea Co., Ltd. 1,083 47,994 # Tong Yang Moolsan Co., Ltd. 16,300 27,316 Tongyang Life Insurance Co., Ltd. 13,038 113,383 Tongyang, Inc. 41,619 83,028 Toptec Co., Ltd. 8,060 208,502 Tovis Co., Ltd. 5,714 45,740 TS Corp. 743 17,490 Ubiquoss Holdings, Inc. 2,090 11,996 * Ubiquoss, Inc. 666 11,941 #* Ugint Co., Ltd. 57,986 15,761 Uju Electronics Co., Ltd. 1,387 18,335 Unid Co., Ltd. 2,127 97,022 Uniquest Corp. 3,608 24,225 # UniTest, Inc. 4,699 49,888 Value Added Technologies Co., Ltd. 1,541 42,679 Viatron Technologies, Inc. 1,640 32,224 Vieworks Co., Ltd. 1,617 70,811 Visang Education, Inc. 2,929 34,152 Vitzrocell Co., Ltd. 2,406 31,176 * Webzen, Inc. 4,379 67,663 WeMade Entertainment Co., Ltd. 2,769 80,501 Whanin Pharmaceutical Co., Ltd. 4,204 74,166 #* WillBes & Co. (The) 19,813 36,984 WiSoL Co., Ltd. 4,623 58,612 * Wonik Holdings Co., Ltd. 10,539 80,863 * WONIK IPS Co., Ltd. 7,136 208,002 * Wonik Materials Co., Ltd. 1,168 80,648 * Wonik QnC Corp. 3,518 37,177 * Woongjin Co., Ltd. 13,424 26,996 * Woongjin Thinkbig Co., Ltd. 9,131 58,316 Woori Bank 38,391 655,682 Woory Industrial Co., Ltd. 2,626 77,321 WooSung Feed Co., Ltd. 6,316 17,329 Y G-1 Co., Ltd. 2,624 27,311 * YD Online Corp. 5,106 19,880 * YeaRimDang Publishing Co., Ltd. 5,608 48,512 Yeong Hwa Metal Co., Ltd. 22,475 32,706 YES24 Co., Ltd. 2,337 14,098 YESCO Co., Ltd. 1,036 35,462 YG Entertainment, Inc. 2,295 60,479 YMC Co., Ltd. 1,363 26,050 Yoosung Enterprise Co., Ltd. 3,387 12,346 YooSung T&S Co., Ltd. 4,556 17,345 Youlchon Chemical Co., Ltd. 1,481 18,330 Young Poong Corp. 88 97,358 # Youngone Corp. 4,653 136,322 Youngone Holdings Co., Ltd. 1,998 96,013 * Yuanta Securities Korea Co., Ltd. 35,299 122,423 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) Yuhan Corp. 761 $ 160,849 * Yungjin Pharmaceutical Co., Ltd. 4,960 42,458 Zeus Co., Ltd. 2,774 42,404 ------------ TOTAL SOUTH KOREA 104,772,014 ------------ SPAIN -- (2.0%) Abertis Infraestructuras SA 26,534 523,187 Acciona SA 12,189 1,041,909 Acerinox SA 36,092 463,350 ACS Actividades de Construccion y Servicios SA 29,723 1,138,270 Aena SA 3,115 608,820 Almirall SA 18,861 182,426 Amadeus IT Group SA Class A 25,480 1,568,393 #* Amper SA 275,760 77,774 Applus Services SA 33,674 433,714 Atresmedia Corp. de Medios de Comunicacion SA 20,688 242,812 Azkoyen SA 4,802 43,810 Banco Bilbao Vizcaya Argentaria SA 426,873 3,862,209 # Banco Bilbao Vizcaya Argentaria SA Sponsored ADR 26,705 242,481 Banco de Sabadell SA 1,069,592 2,388,530 Banco Santander SA 902,833 6,146,638 # Banco Santander SA Sponsored ADR 80,861 551,469 Bankia SA 147,437 745,196 Bankinter SA 94,682 921,482 * Baron de Ley 258 32,804 Bolsas y Mercados Espanoles SHMSF SA 20,898 766,498 CaixaBank SA 395,709 2,061,108 Cellnex Telecom SA 40,013 899,987 Cia de Distribucion Integral Logista Holdings SA 12,564 324,414 Cie Automotive SA 19,308 477,907 Construcciones y Auxiliar de Ferrocarriles SA 4,920 218,767 #* Deoleo SA 139,533 33,768 # Distribuidora Internacional de Alimentacion SA 186,039 1,253,069 #* Duro Felguera SA 14,383 12,779 Ebro Foods SA 17,019 407,381 * eDreams ODIGEO SA 17,017 59,234 Elecnor SA 5,826 80,287 Enagas SA 42,925 1,213,189 Ence Energia y Celulosa SA 55,325 235,778 Endesa SA 25,081 593,751 Ercros SA 44,591 162,011 Euskaltel SA 9,810 100,304 Faes Farma SA 52,855 167,629 Ferrovial SA 18,420 397,226 Fluidra SA 6,004 52,752 * Fomento de Construcciones y Contratas SA 9,183 101,019 Gas Natural SDG SA 46,205 1,081,383 Grifols SA 16,715 469,023 Grupo Catalana Occidente SA 11,139 495,531 * Grupo Empresarial San Jose SA 1,990 8,853 #* Grupo Ezentis SA 30,380 25,773 Iberdrola SA 575,159 4,533,943 * Indra Sistemas SA 40,065 619,894 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SPAIN -- (Continued) Industria de Diseno Textil SA 28,692 $ 1,138,911 Inmobiliaria Colonial SA 52,448 489,206 * Liberbank SA 156,297 180,029 Mapfre SA 287,730 1,071,743 Mediaset Espana Comunicacion SA 62,849 792,137 Melia Hotels International SA 15,073 233,633 Miquel y Costas & Miquel SA 4,695 173,772 NH Hotel Group SA 43,409 289,202 # Obrascon Huarte Lain SA 47,065 197,635 Papeles y Cartones de Europa SA 18,195 159,629 * Pharma Mar SA 17,562 79,730 #* Promotora de Informaciones SA Class A 13,001 49,189 Prosegur Cia de Seguridad SA 70,028 478,633 #* Quabit Inmobiliaria SA(BYYTT70) 14,706 30,347 Quabit Inmobiliaria SA(BYVXB02) 735 1,523 * Realia Business SA 15,224 19,689 Red Electrica Corp. SA 35,236 754,875 Repsol SA 170,635 2,857,777 Repsol SA Sponsored ADR 226 3,797 #* Sacyr SA 124,514 332,254 Saeta Yield SA 1,110 12,737 Siemens Gamesa Renewable Energy SA 43,715 715,229 #* Solaria Energia y Medio Ambiente SA 19,808 31,996 # Talgo SA 31,501 182,062 Tecnicas Reunidas SA 9,921 351,809 Telefonica SA 238,174 2,696,837 Telefonica SA Sponsored ADR 6,481 73,106 * Tubacex SA 21,337 83,513 * Tubos Reunidos SA 22,892 29,093 Vidrala SA 5,629 439,068 Viscofan SA 16,396 975,459 Zardoya Otis SA 44,516 466,993 ----------- TOTAL SPAIN 53,460,145 ----------- SWEDEN -- (2.1%) AAK AB 8,056 595,465 Acando AB 33,126 111,603 AddLife AB 1,848 38,089 AddNode Group AB 1,175 10,476 AddTech AB Class B 10,398 202,839 AF AB Class B 11,894 260,530 Alfa Laval AB 20,799 464,516 Alimak Group AB 1,763 30,566 Assa Abloy AB Class B 40,078 858,589 Atlas Copco AB Class A 21,557 779,668 Atlas Copco AB Class B 11,717 379,465 # Atrium Ljungberg AB Class B 8,208 140,163 Attendo AB 880 11,071 # Avanza Bank Holding AB 6,527 269,300 # Axfood AB 12,442 209,543 Beijer Alma AB 6,784 198,132 Bergman & Beving AB 6,797 84,209 Betsson AB 19,810 190,513 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) Bilia AB Class A 25,016 $ 241,685 BillerudKorsnas AB 42,750 675,979 BioGaia AB Class B 3,701 137,991 Biotage AB 10,635 76,669 Boliden AB 50,704 1,591,803 Bonava AB Class B 19,873 347,744 Bulten AB 5,345 81,437 Bure Equity AB 17,507 215,095 # Byggmax Group AB 27,070 218,797 Castellum AB 37,558 583,786 Catena AB 2,788 48,230 Cavotec SA 2,989 11,442 Clas Ohlson AB Class B 13,808 283,860 Cloetta AB Class B 57,700 206,496 * Collector AB 1,202 14,315 Com Hem Holding AB 67,690 988,574 Concentric AB 11,883 186,450 Coor Service Management Holding AB 1,722 12,360 Dios Fastigheter AB 18,395 107,563 Dometic Group AB 17,866 151,022 Doro AB 9,331 58,349 Duni AB 9,329 135,209 Dustin Group AB 6,454 54,136 Eastnine AB 9,352 79,894 Elanders AB Class B 1,278 15,230 Electrolux AB Series B 18,886 645,815 Elekta AB Class B 40,972 394,347 #* Eltel AB 12,624 40,154 Enea AB 3,603 34,423 * Essity AB Class A 2,277 65,852 * Essity AB Class B 34,871 1,011,085 eWork Group AB 2,020 23,238 Fabege AB 22,811 450,548 # Fagerhult AB 4,333 57,032 * Fastighets AB Balder Class B 8,635 219,702 Fenix Outdoor International AG 232 24,513 #* Fingerprint Cards AB Class B 33,245 155,470 Getinge AB Class B 29,000 503,407 Granges AB 32,812 362,697 Gunnebo AB 7,389 39,339 * Haldex AB 11,172 149,122 Hemfosa Fastigheter AB 24,322 298,368 Hennes & Mauritz AB Class B 21,704 566,261 Hexagon AB Class B 9,138 451,520 Hexpol AB 61,107 624,997 HIQ International AB 17,055 114,034 # Hoist Finance AB 4,717 52,272 Holmen AB Class B 14,578 658,423 Hufvudstaden AB Class A 17,897 311,523 Husqvarna AB Class A 2,777 28,012 Husqvarna AB Class B 96,883 985,558 # ICA Gruppen AB 9,200 368,635 Indutrade AB 18,684 460,903 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWEDEN -- (Continued) # Intrum Justitia AB 21,164 $ 688,662 Inwido AB 11,031 138,677 # ITAB Shop Concept AB Class B 4,296 37,088 JM AB 23,484 824,267 KappAhl AB 25,615 145,725 # Karo Pharma AB 12,179 63,749 Kindred Group P.L.C. 70,894 789,005 Klovern AB Class B 116,555 148,895 KNOW IT AB 3,230 52,065 Kungsleden AB 33,633 221,219 Lagercrantz Group AB Class B 16,827 190,527 Lifco AB Class B 3,353 111,789 Lindab International AB 23,174 243,680 Loomis AB Class B 24,821 922,151 * Lundin Petroleum AB 16,381 373,056 #* Medivir AB Class B 7,794 64,632 Mekonomen AB 7,953 167,483 Millicom International Cellular SA 14,735 923,317 Modern Times Group MTG AB Class B 17,496 608,055 * Momentum Group AB Class B 5,455 56,247 MQ Holding AB 11,956 46,775 # Mycronic AB 16,066 167,478 NCC AB Class B 19,206 499,733 NetEnt AB 54,439 525,277 New Wave Group AB Class B 27,186 189,391 Nibe Industrier AB Class B 65,051 620,203 Nobia AB 50,175 515,143 Nobina AB 21,863 107,764 Nolato AB Class B 12,358 542,697 Nordea Bank AB 191,734 2,419,276 Opus Group AB 98,502 85,967 Oriflame Holding AG 11,517 442,142 Pandox AB 4,688 84,325 Peab AB 56,016 657,531 Pricer AB Class B 33,309 40,233 Proact IT Group AB 1,133 28,976 # Probi AB 961 44,026 #* Qliro Group AB 26,974 55,502 # Ratos AB Class B 70,515 336,861 * RaySearch Laboratories AB 5,248 128,454 Recipharm AB Class B 1,223 14,692 Rezidor Hotel Group AB 25,056 96,563 Rottneros AB 16,700 14,993 Saab AB Class B 11,289 523,804 Sagax AB Class B 10,084 126,643 Sandvik AB 49,703 783,250 #* SAS AB 62,754 150,000 Scandi Standard AB 18,348 131,209 Sectra AB Class B 3,077 58,120 Securitas AB Class B 33,360 555,555 Semcon AB 2,968 19,653 Skandinaviska Enskilda Banken AB Class C 1,487 18,655 Skandinaviska Enskilda Banken AB Class A 97,109 1,229,819 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWEDEN -- (Continued) Skanska AB Class B 17,367 $ 394,638 SKF AB Class A 1,991 39,664 SKF AB Class B 91,656 1,821,768 SkiStar AB 7,368 163,832 * SSAB AB Class A(BPRBWK4) 2,266 11,541 * SSAB AB Class A(B17H0S8) 59,037 298,280 * SSAB AB Class B(BPRBWM6) 12,844 53,239 * SSAB AB Class B(B17H3F6) 156,431 645,930 Svenska Cellulosa AB SCA Class A 2,277 23,526 Svenska Cellulosa AB SCA Class B 34,871 288,728 Svenska Handelsbanken AB Class A 117,922 1,755,163 Svenska Handelsbanken AB Class B 2,115 31,542 Sweco AB Class B 12,260 299,428 Swedbank AB Class A 43,785 1,141,798 Swedish Match AB 10,762 378,535 * Swedish Orphan Biovitrum AB 14,352 218,540 # Systemair AB 1,553 26,360 Tele2 AB Class B 85,242 1,014,532 Telefonaktiebolaget LM Ericsson Class A 3,536 22,916 Telefonaktiebolaget LM Ericsson Class B 177,699 1,150,140 Telefonaktiebolaget LM Ericsson Sponsored ADR 8,088 51,925 Telia Co. AB 501,685 2,358,350 Thule Group AB 18,971 369,191 Trelleborg AB Class B 30,864 726,924 Troax Group AB 405 11,389 # Victoria Park AB Class B 25,797 87,796 Vitrolife AB 1,709 138,434 Volvo AB Class A 30,091 510,825 Volvo AB Class B 149,843 2,545,144 Wallenstam AB Class B 29,761 302,995 Wihlborgs Fastigheter AB 17,103 416,022 ----------- TOTAL SWEDEN 55,786,197 ----------- SWITZERLAND -- (4.3%) ABB, Ltd. 155,128 3,634,078 ABB, Ltd. Sponsored ADR 11,588 272,318 Adecco Group AG 31,740 2,421,540 Allreal Holding AG 4,325 786,409 * Alpiq Holding AG 1,161 98,451 ALSO Holding AG 1,512 197,725 ams AG 13,008 937,441 APG SGA SA 310 139,826 * Arbonia AG 10,309 196,142 Aryzta AG 18,867 606,289 Ascom Holding AG 9,418 186,525 Autoneum Holding AG 1,216 292,203 Bachem Holding AG Class B 635 70,312 Baloise Holding AG 12,615 2,026,802 Bank Cler AG 634 28,487 Banque Cantonale de Geneve 90 14,848 Banque Cantonale Vaudoise 838 606,291 Barry Callebaut AG 521 743,015 Belimo Holding AG 118 489,268 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWITZERLAND -- (Continued) Bell Food Group AG 346 $ 159,222 Bellevue Group AG 2,613 52,273 # Berner Kantonalbank AG 635 120,272 BFW Liegenschaften AG 830 39,347 BKW AG 3,354 191,116 Bobst Group SA 3,039 338,349 Bossard Holding AG Class A 1,689 365,247 Bucher Industries AG 2,162 720,914 # Burckhardt Compression Holding AG 1,313 389,985 Burkhalter Holding AG 816 115,610 Calida Holding AG 1,330 53,487 Carlo Gavazzi Holding AG 93 33,946 Cembra Money Bank AG 7,646 685,886 Chocoladefabriken Lindt & Spruengli AG 5 340,764 Cie Financiere Richemont SA 29,928 2,544,182 Cie Financiere Tradition SA 263 24,166 Clariant AG 80,922 1,880,426 Coltene Holding AG 1,262 130,545 Conzzeta AG 398 416,504 COSMO Pharmaceuticals NV 934 149,247 Credit Suisse Group AG 131,575 2,022,529 Credit Suisse Group AG Sponsored ADR 11,668 179,107 Daetwyler Holding AG 3,169 517,946 DKSH Holding AG 6,676 525,355 dormakaba Holding AG 896 798,642 #* Dottikon Es Holding AG 32 29,111 * Dufry AG 10,193 1,623,802 # EFG International AG 33,485 248,640 Emmi AG 550 387,499 EMS-Chemie Holding AG 594 413,316 Feintool International Holding AG 438 53,491 Flughafen Zurich AG 7,041 1,795,728 Forbo Holding AG 456 692,364 GAM Holding AG 53,248 839,508 Geberit AG 2,493 1,199,020 Georg Fischer AG 1,560 1,774,253 Givaudan SA 690 1,372,829 Gurit Holding AG 206 247,527 Helvetia Holding AG 1,750 978,120 Hiag Immobilien Holding AG 910 112,611 # HOCHDORF Holding AG 378 113,345 Huber & Suhner AG 3,999 284,997 * Idorsia, Ltd. 4,280 80,116 Implenia AG 5,374 397,433 Inficon Holding AG 631 346,053 # Interroll Holding AG 280 367,126 Intershop Holding AG 390 192,881 Julius Baer Group, Ltd. 25,770 1,458,763 Jungfraubahn Holding AG 519 61,197 Kardex AG 2,304 253,942 Komax Holding AG 876 255,881 Kudelski SA 13,192 210,038 Kuehne + Nagel International AG 3,270 569,450 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) LafargeHolcim, Ltd.(BZ3DNX4) 6,741 $ 404,597 LafargeHolcim, Ltd.(7110753) 24,981 1,492,644 * Lastminute.com NV 1,768 21,941 LEM Holding SA 135 163,337 Liechtensteinische Landesbank AG 2,040 103,159 Logitech International SA(B18ZRK2) 5,234 189,968 Logitech International SA(H50430232) 27,599 994,668 Lonza Group AG 11,109 2,640,327 Luzerner Kantonalbank AG 1,008 453,258 Metall Zug AG Class B 59 246,876 #* Meyer Burger Technology AG 73,921 116,153 Mobilezone Holding AG 4,852 70,242 Mobimo Holding AG 1,887 538,679 Nestle SA 200,030 16,884,433 Novartis AG 88,456 7,534,480 Novartis AG Sponsored ADR 20,738 1,766,878 # OC Oerlikon Corp. AG 58,246 852,195 Orior AG 1,572 117,196 # Panalpina Welttransport Holding AG 2,788 352,982 Partners Group Holding AG 1,312 851,708 # Phoenix Mecano AG 117 68,067 Plazza AG Class A 199 47,318 PSP Swiss Property AG 6,760 615,088 Rieter Holding AG 1,006 232,983 Roche Holding AG(7108918) 908 234,104 Roche Holding AG(7110388) 21,689 5,490,989 # Romande Energie Holding SA 28 37,785 * Schaffner Holding AG 112 36,998 Schindler Holding AG 1,218 256,141 * Schmolz + Bickenbach AG 133,580 122,808 Schweiter Technologies AG 315 414,574 SFS Group AG 3,868 440,021 SGS SA 363 802,297 Siegfried Holding AG 1,106 321,636 Sika AG 321 2,212,093 Sonova Holding AG 6,608 1,071,760 # St Galler Kantonalbank AG 726 323,385 Straumann Holding AG 1,430 807,547 Sulzer AG 6,717 753,573 Sunrise Communications Group AG 14,259 1,124,522 Swatch Group AG (The)(7184725) 3,466 1,375,171 Swatch Group AG (The)(7184736) 5,964 459,371 Swiss Life Holding AG 6,607 2,411,242 Swiss Prime Site AG 9,146 825,627 Swiss Re AG 17,868 1,722,693 Swisscom AG 4,062 1,985,351 Swissquote Group Holding SA 3,174 91,411 Tamedia AG 235 36,214 Tecan Group AG 1,745 325,449 Temenos Group AG 8,201 792,760 Thurgauer Kantonalbank 480 49,986 u-blox Holding AG 1,752 347,905 * UBS Group AG(BRJL176) 191,586 3,331,770 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ SWITZERLAND -- (Continued) * UBS Group AG(H42097107) 13,106 $ 228,438 Valiant Holding AG 4,912 579,011 Valora Holding AG 990 328,626 Vaudoise Assurances Holding SA 323 179,687 Vetropack Holding AG 36 76,017 Vifor Pharma AG 6,700 715,183 Vontobel Holding AG 8,608 572,645 VP Bank AG 382 48,110 VZ Holding AG 610 196,458 Walliser Kantonalbank 123 12,115 Walter Meier AG 1,320 61,395 Warteck Invest AG 7 14,189 # Ypsomed Holding AG 703 109,766 Zehnder Group AG 3,069 107,738 * Zueblin Immobilien Holding AG 454 12,065 Zuger Kantonalbank AG 13 71,856 Zurich Insurance Group AG 9,487 2,891,443 ------------ TOTAL SWITZERLAND 114,071,180 ------------ TAIWAN -- (3.5%) A-DATA Technology Co., Ltd. 40,000 101,886 Ability Enterprise Co., Ltd. 56,988 35,673 AcBel Polytech, Inc. 121,000 93,140 Accton Technology Corp. 139,000 370,306 # Acer, Inc. 673,000 330,706 ACES Electronic Co., Ltd. 18,000 16,670 Achem Technology Corp. 26,000 8,784 Acter Co., Ltd. 13,000 83,693 * Action Electronics Co., Ltd. 63,000 15,919 Actron Technology Corp. 21,000 74,316 Addcn Technology Co., Ltd. 2,000 16,755 Adlink Technology, Inc. 12,659 26,884 Advanced Ceramic X Corp. 13,000 158,365 Advanced International Multitech Co., Ltd. 20,000 23,408 # Advanced Semiconductor Engineering, Inc. 721,863 968,478 Advanced Semiconductor Engineering, Inc. ADR 6,800 44,812 Advanced Wireless Semiconductor Co. 47,000 106,486 Advancetek Enterprise Co., Ltd. 46,000 31,756 Advantech Co., Ltd. 17,599 133,128 * AGV Products Corp. 126,875 32,647 * Airmate Cayman International Co., Ltd. 23,000 22,603 Airtac International Group 17,450 236,036 Alchip Technologies, Ltd. 16,000 42,254 * ALI Corp. 124,000 84,287 All Ring Tech Co., Ltd. 25,000 47,652 Alltop Technology Co., Ltd. 23,000 56,965 Alpha Networks, Inc. 134,300 109,821 Altek Corp. 121,000 105,443 Amazing Microelectronic Corp. 27,560 90,876 Ambassador Hotel (The) 20,000 15,464 # AmTRAN Technology Co., Ltd. 253,000 162,944 Anpec Electronics Corp. 44,000 69,528 Apacer Technology, Inc. 16,750 22,495 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) APAQ Technology Co., Ltd. 24,000 $ 26,873 APCB, Inc. 51,000 53,275 Apex Biotechnology Corp. 32,000 36,770 Apex International Co., Ltd. 47,472 40,411 Arcadyan Technology Corp. 41,000 63,894 Ardentec Corp. 126,990 117,591 Asia Cement Corp. 449,000 396,827 # Asia Optical Co., Inc. 63,000 148,282 * Asia Pacific Telecom Co., Ltd. 277,000 98,172 Asia Plastic Recycling Holding, Ltd. 95,305 43,717 Asia Polymer Corp. 126,133 76,477 Asia Vital Components Co., Ltd. 132,000 115,673 ASMedia Technology, Inc. 5,000 65,391 ASPEED Technology, Inc. 4,000 92,715 ASROCK, Inc. 12,000 28,604 Asustek Computer, Inc. 77,000 716,124 Aten International Co., Ltd. 36,000 93,204 # AU Optronics Corp. 1,862,000 753,790 # AU Optronics Corp. Sponsored ADR 12,300 49,446 Audix Corp. 17,000 21,722 # AURAS Technology Co., Ltd. 28,000 76,962 Aurora Corp. 13,000 25,262 Avalue Technology, Inc. 20,000 33,900 AVY Precision Technology, Inc. 15,000 26,620 Axiomtek Co., Ltd. 10,000 18,266 Bank of Kaohsiung Co., Ltd. 64,000 21,724 # Basso Industry Corp. 38,000 103,560 BenQ Materials Corp. 28,000 15,297 # BES Engineering Corp. 557,000 120,143 * Bin Chuan Enterprise Co., Ltd. 9,000 13,259 Bioteque Corp. 8,000 22,531 # Bizlink Holding, Inc. 23,011 171,379 Boardtek Electronics Corp. 37,000 33,425 Bothhand Enterprise, Inc. 16,000 31,633 Bright Led Electronics Corp. 41,000 20,291 * Browave Corp. 11,000 16,464 * Cameo Communications, Inc. 53,000 14,718 Capital Securities Corp. 557,000 183,160 Career Technology MFG. Co., Ltd. 95,000 63,124 Casetek Holdings, Ltd. 34,000 107,398 Catcher Technology Co., Ltd. 108,000 1,241,234 Cathay Financial Holding Co., Ltd. 456,000 743,000 Cathay Real Estate Development Co., Ltd. 198,000 113,750 Cayman Engley Industrial Co., Ltd. 4,000 22,440 * Center Laboratories, Inc. 22,000 43,055 Chailease Holding Co., Ltd. 258,760 743,873 * Champion Building Materials Co., Ltd. 48,000 11,734 Chang Hwa Commercial Bank, Ltd. 543,360 318,533 Chang Wah Electromaterials, Inc. 9,900 45,100 Channel Well Technology Co., Ltd. 48,000 41,889 Charoen Pokphand Enterprise 66,000 150,657 Chaun-Choung Technology Corp. 19,000 79,553 CHC Healthcare Group 22,000 30,130 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) CHC Resources Corp. 16,000 $ 27,558 Chen Full International Co., Ltd. 38,000 66,170 Chenbro Micom Co., Ltd. 23,000 39,369 Cheng Loong Corp. 278,000 145,928 # Cheng Shin Rubber Industry Co., Ltd. 145,000 293,288 Cheng Uei Precision Industry Co., Ltd. 156,000 211,592 Chenming Mold Industry Corp. 32,000 20,538 Chia Hsin Cement Corp. 104,000 36,867 Chian Hsing Forging Industrial Co., Ltd. 6,000 14,543 Chicony Electronics Co., Ltd. 104,093 267,833 Chicony Power Technology Co., Ltd. 42,210 86,513 # Chilisin Electronics Corp. 44,360 110,848 #* Chimei Materials Technology Corp. 97,000 43,472 Chin-Poon Industrial Co., Ltd. 128,000 252,698 China Airlines, Ltd. 941,000 289,185 China Bills Finance Corp. 280,000 138,623 China Chemical & Pharmaceutical Co., Ltd. 71,000 42,100 China Development Financial Holding Corp. 1,592,000 480,163 China General Plastics Corp. 143,932 138,026 China Life Insurance Co., Ltd. 642,032 679,300 China Man-Made Fiber Corp. 389,800 114,868 China Metal Products 87,000 87,730 China Motor Corp. 163,000 140,841 * China Petrochemical Development Corp. 707,000 295,038 China Steel Chemical Corp. 27,000 102,518 China Steel Corp. 648,000 532,080 China Synthetic Rubber Corp. 164,110 185,670 China Wire & Cable Co., Ltd. 31,000 26,670 Chinese Maritime Transport, Ltd. 35,000 31,536 Chipbond Technology Corp. 162,000 266,847 ChipMOS TECHNOLOGIES, Inc. 84,000 82,558 Chlitina Holding, Ltd. 16,000 68,133 Chong Hong Construction Co., Ltd. 44,100 104,711 Chroma ATE, Inc. 47,000 148,484 Chun Yuan Steel 87,000 32,985 #* Chung Hung Steel Corp. 363,000 122,046 Chung Hwa Pulp Corp. 193,228 64,933 Chung-Hsin Electric & Machinery Manufacturing Corp. 156,000 109,489 Chunghwa Precision Test Tech Co., Ltd. 2,000 93,858 Chunghwa Telecom Co., Ltd. 47,000 158,869 Chunghwa Telecom Co., Ltd. Sponsored ADR 3,400 114,988 Chyang Sheng Dyeing & Finishing Co., Ltd. 27,000 21,473 Cleanaway Co., Ltd. 23,000 132,156 Clevo Co. 184,000 164,432 * CMC Magnetics Corp. 570,219 73,212 * Co-Tech Development Corp. 16,000 26,181 Coland Holdings, Ltd. 13,000 17,263 Compal Electronics, Inc. 1,087,000 721,923 Compeq Manufacturing Co., Ltd. 336,000 309,747 Compucase Enterprise 33,000 51,274 Concord Securities Co., Ltd. 96,000 20,952 Continental Holdings Corp. 62,000 23,614 Contrel Technology Co., Ltd. 31,000 19,948 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Coretronic Corp. 148,000 $ 187,229 Coxon Precise Industrial Co., Ltd. 34,000 31,316 Creative Sensor, Inc. 35,000 25,336 * CSBC Corp. Taiwan 119,000 51,630 CTBC Financial Holding Co., Ltd. 1,572,563 1,010,322 CTCI Corp. 107,000 174,510 Cub Elecparts, Inc. 6,792 84,389 CviLux Corp. 28,360 30,341 CX Technology Co., Ltd. 33,000 29,895 Cyberlink Corp. 23,000 48,315 CyberPower Systems, Inc. 12,000 37,654 CyberTAN Technology, Inc. 105,000 70,372 Cypress Technology Co., Ltd. 8,000 45,008 D-Link Corp. 210,800 77,758 DA CIN Construction Co., Ltd. 32,000 18,702 Da-Li Development Co., Ltd. 31,143 24,905 Dadi Early-Childhood Education Group Ltd. 4,000 23,310 * Danen Technology Corp. 107,000 22,819 Darfon Electronics Corp. 95,000 80,665 Darwin Precisions Corp. 183,000 76,973 De Licacy Industrial Co. 68,962 65,522 Delta Electronics, Inc. 57,365 304,815 Depo Auto Parts Ind Co., Ltd. 35,000 95,097 DFI, Inc. 15,000 24,636 Dynapack International Technology Corp. 34,000 44,111 E Ink Holdings, Inc. 264,000 282,244 E-Lead Electronic Co., Ltd. 12,000 11,267 E-LIFE MALL Corp. 8,000 16,269 E.Sun Financial Holding Co., Ltd. 901,700 574,832 * Eastern Media International Corp. 171,000 49,377 Eclat Textile Co., Ltd. 21,583 248,484 ECOVE Environment Corp. 11,000 61,193 * Edison Opto Corp. 22,000 9,986 Edom Technology Co., Ltd. 34,467 18,605 eGalax_eMPIA Technology, Inc. 18,387 29,933 Elan Microelectronics Corp. 67,000 101,423 Elite Advanced Laser Corp. 38,880 159,659 Elite Material Co., Ltd. 69,000 341,263 Elite Semiconductor Memory Technology, Inc. 51,000 60,219 * Elitegroup Computer Systems Co., Ltd. 138,000 90,192 eMemory Technology, Inc. 14,000 205,585 ENG Electric Co., Ltd. 31,000 16,424 Ennoconn Corp. 12,253 183,718 EnTie Commercial Bank Co., Ltd. 51,000 21,614 * Epileds Technologies, Inc. 24,000 16,125 #* Epistar Corp. 319,000 304,941 Eson Precision Ind. Co., Ltd. 16,000 25,039 Eternal Materials Co., Ltd. 200,640 225,762 * Etron Technology, Inc. 121,000 47,624 Eurocharm Holdings Co., Ltd. 13,000 39,741 Eva Airways Corp. 713,750 345,880 Everest Textile Co., Ltd. 59,000 31,369 Evergreen International Storage & Transport Corp. 217,000 100,606 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) * Evergreen Marine Corp. Taiwan, Ltd. 418,610 $229,391 Everlight Chemical Industrial Corp. 90,405 53,432 Everlight Electronics Co., Ltd. 123,000 187,100 Excelsior Medical Co., Ltd. 35,000 55,690 Far Eastern Department Stores, Ltd. 343,000 170,978 Far Eastern International Bank 614,836 202,812 Far Eastern New Century Corp. 428,100 352,335 Far EasTone Telecommunications Co., Ltd. 84,000 203,081 Faraday Technology Corp. 51,600 70,721 Farglory Land Development Co., Ltd. 125,000 156,499 Federal Corp. 197,926 93,167 Feedback Technology Corp. 11,000 24,426 Feng Hsin Steel Co., Ltd. 99,000 169,532 Feng TAY Enterprise Co., Ltd. 33,484 143,609 First Financial Holding Co., Ltd. 1,054,958 712,552 First Hi-Tec Enterprise Co., Ltd. 25,969 27,498 First Insurance Co., Ltd. (The) 66,000 30,161 * First Steamship Co., Ltd. 59,311 18,049 # FLEXium Interconnect, Inc. 121,116 565,559 Flytech Technology Co., Ltd. 36,297 117,567 # FocalTech Systems Co., Ltd. 94,228 123,082 Forest Water Environment Engineering Co., Ltd. 10,000 19,841 Formosa Advanced Technologies Co., Ltd. 50,000 46,497 Formosa Chemicals & Fibre Corp. 126,000 379,627 Formosa International Hotels Corp. 8,672 44,944 Formosa Laboratories, Inc. 17,000 45,128 Formosa Petrochemical Corp. 47,000 164,994 Formosa Plastics Corp. 88,000 263,919 Formosa Taffeta Co., Ltd. 153,000 151,498 Formosan Rubber Group, Inc. 117,900 58,728 Formosan Union Chemical 74,000 48,874 Fortune Electric Co., Ltd. 40,000 22,963 Foxconn Technology Co., Ltd. 104,535 314,303 Foxsemicon Integrated Technology, Inc. 24,150 171,226 Froch Enterprise Co., Ltd. 36,000 16,935 FSP Technology, Inc. 45,000 35,976 Fubon Financial Holding Co., Ltd. 444,000 689,734 Fulgent Sun International Holding Co., Ltd. 18,404 52,149 Fullerton Technology Co., Ltd. 23,000 18,228 Fulltech Fiber Glass Corp. 92,000 44,006 G Shank Enterprise Co., Ltd. 49,000 43,112 Gallant Precision Machining Co., Ltd. 29,000 22,251 GCS Holdings, Inc. 9,000 19,210 Gemtek Technology Corp. 128,000 111,108 General Interface Solution Holding, Ltd. 33,000 316,366 General Plastic Industrial Co., Ltd. 15,000 19,368 Generalplus Technology, Inc. 19,000 22,614 Genesys Logic, Inc. 35,000 42,861 * Genius Electronic Optical Co., Ltd. 12,000 137,288 GeoVision, Inc. 19,997 26,871 Getac Technology Corp. 102,000 129,009 Giant Manufacturing Co., Ltd. 49,000 241,870 Giantplus Technology Co., Ltd. 55,000 34,385 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TAIWAN -- (Continued) Gigabyte Technology Co., Ltd. 179,000 $ 228,738 Gigasolar Materials Corp. 7,000 58,611 * Gigastorage Corp. 102,000 58,588 Ginko International Co., Ltd. 13,000 119,903 #* Gintech Energy Corp. 141,088 77,097 * Global Brands Manufacture, Ltd. 72,000 26,730 Global Lighting Technologies, Inc. 25,000 39,064 Global Mixed Mode Technology, Inc. 10,000 22,266 Global PMX Co., Ltd. 9,000 51,223 Global Unichip Corp. 27,000 154,202 Globalwafers Co., Ltd. 19,000 149,575 Globe Union Industrial Corp. 43,000 32,202 Gloria Material Technology Corp. 173,680 115,877 # Glory Science Co., Ltd. 13,000 27,200 * Gold Circuit Electronics, Ltd. 160,000 54,038 * Goldsun Building Materials Co., Ltd. 363,000 112,862 Gourmet Master Co., Ltd. 8,085 94,640 Grand Pacific Petrochemical 287,000 207,415 Grand Plastic Technology Corp. 7,000 45,872 Grape King Bio, Ltd. 29,000 183,783 Great China Metal Industry 42,000 35,399 Great Wall Enterprise Co., Ltd. 208,000 225,656 Greatek Electronics, Inc. 91,000 154,231 * Green Energy Technology, Inc. 85,000 40,111 Green Seal Holding, Ltd. 16,500 48,334 Hannstar Board Corp. 118,000 57,554 #* HannStar Display Corp. 916,000 276,775 * HannsTouch Solution, Inc. 174,797 58,718 Hanpin Electron Co., Ltd. 14,000 17,962 Hey Song Corp. 58,000 60,985 Highwealth Construction Corp. 256,300 424,349 Hiroca Holdings, Ltd. 19,000 67,659 Hitron Technology, Inc. 65,000 42,488 Hiwin Technologies Corp. 36,128 262,324 * Ho Tung Chemical Corp. 235,870 64,695 * Hocheng Corp. 65,000 19,654 Holiday Entertainment Co., Ltd. 18,000 29,936 Holtek Semiconductor, Inc. 63,000 122,213 Holy Stone Enterprise Co., Ltd. 55,000 67,310 Hon Hai Precision Industry Co., Ltd. 780,780 3,036,512 Hong Pu Real Estate Development Co., Ltd. 69,000 53,356 Hong YI Fiber Industry Co. 56,000 40,616 Hota Industrial Manufacturing Co., Ltd. 29,786 136,325 Hotai Motor Co., Ltd. 12,000 145,819 Hotron Precision Electronic Industrial Co., Ltd. 11,000 19,830 Hsin Kuang Steel Co., Ltd. 100,000 100,133 Hsin Yung Chien Co., Ltd. 8,000 18,836 * HTC Corp. 148,000 351,292 Hu Lane Associate, Inc. 20,000 119,225 * HUA ENG Wire & Cable Co., Ltd. 78,000 26,105 Hua Nan Financial Holdings Co., Ltd. 860,104 502,706 Huaku Development Co., Ltd. 72,000 152,344 Huang Hsiang Construction Corp. 44,000 53,395 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) Hung Sheng Construction, Ltd. 130,000 $ 84,609 I-Sheng Electric Wire & Cable Co., Ltd. 25,000 35,715 # Ibase Technology, Inc. 47,527 93,502 * Ichia Technologies, Inc. 138,000 86,592 IEI Integration Corp. 71,000 108,580 Infortrend Technology, Inc. 63,000 31,513 Innodisk Corp. 20,645 69,972 # Innolux Corp. 1,418,000 691,711 Intai Technology Corp. 7,000 24,212 # Integrated Service Technology, Inc. 19,680 77,528 IntelliEPI, Inc. 8,000 23,663 # International Games System Co., Ltd. 14,000 73,637 Inventec Corp. 407,000 325,120 # Iron Force Industrial Co., Ltd. 14,000 71,161 ITE Technology, Inc. 43,000 46,524 ITEQ Corp. 66,000 100,408 Jarllytec Co., Ltd. 21,000 42,046 Jentech Precision Industrial Co., Ltd. 20,000 50,800 Jess-Link Products Co., Ltd. 39,000 37,385 Jih Sun Financial Holdings Co., Ltd. 446,712 104,892 Jinli Group Holdings, Ltd. 27,300 33,223 Johnson Health Tech Co., Ltd. 13,065 15,902 K Laser Technology, Inc. 41,000 20,582 Kaori Heat Treatment Co., Ltd. 23,000 35,607 KEE TAI Properties Co., Ltd. 114,000 37,749 Kenda Rubber Industrial Co., Ltd. 98,899 155,045 Kerry TJ Logistics Co., Ltd. 45,000 53,729 Kindom Construction Corp. 115,000 69,318 King Chou Marine Technology Co., Ltd. 17,340 19,773 King Slide Works Co., Ltd. 7,000 98,398 King Yuan Electronics Co., Ltd. 446,000 444,190 King's Town Bank Co., Ltd. 245,000 253,178 Kingpak Technology, Inc. 5,000 32,024 Kinik Co. 39,000 100,484 * Kinko Optical Co., Ltd. 58,000 65,172 Kinpo Electronics 457,000 167,301 Kinsus Interconnect Technology Corp. 77,000 207,539 KMC Kuei Meng International, Inc. 11,000 52,605 KS Terminals, Inc. 32,000 59,471 Kung Long Batteries Industrial Co., Ltd. 20,000 102,310 * Kung Sing Engineering Corp. 46,000 15,996 Kuo Toong International Co., Ltd. 64,224 43,485 Kuoyang Construction Co., Ltd. 84,000 38,811 Kwong Fong Industries Corp. 24,960 19,133 Kwong Lung Enterprise Co., Ltd. 20,000 29,829 L&K Engineering Co., Ltd. 71,000 85,762 * LAN FA Textile 48,000 13,470 Land Mark Optoelectronics Corp. 20,000 273,968 Lanner Electronics, Inc. 16,000 22,638 Largan Precision Co., Ltd. 2,000 364,919 LCY Chemical Corp. 162,000 235,086 * Lealea Enterprise Co., Ltd. 222,000 80,161 Ledlink Optics, Inc. 17,850 25,044 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) Lelon Electronics Corp. 30,850 $ 41,500 Lemtech Holdings Co., Ltd. 7,000 50,317 * Lextar Electronics Corp. 102,000 59,462 Li Cheng Enterprise Co., Ltd. 9,920 27,846 * Li Peng Enterprise Co., Ltd. 283,600 79,546 Lian HWA Food Corp. 16,000 18,972 Lien Hwa Industrial Corp. 219,465 204,232 Lingsen Precision Industries, Ltd. 174,000 84,612 Lite-On Semiconductor Corp. 90,000 89,059 Lite-On Technology Corp. 416,417 673,936 Long Bon International Co., Ltd. 113,000 59,310 # Long Chen Paper Co., Ltd. 165,417 208,186 Longwell Co. 24,000 30,191 Lotes Co., Ltd. 19,000 109,853 Lu Hai Holding Corp. 12,000 22,570 Lumax International Corp., Ltd. 24,000 42,346 * LuxNet Corp. 36,099 38,317 Macauto Industrial Co., Ltd. 8,000 52,293 Machvision, Inc. 4,000 23,298 * Macronix International 1,046,000 570,271 Mag Layers Scientific-Technics Co., Ltd. 23,000 51,461 Makalot Industrial Co., Ltd. 60,167 268,903 Marketech International Corp. 29,000 37,041 Masterlink Securities Corp. 330,537 88,551 Materials Analysis Technology, Inc. 8,967 31,727 MediaTek, Inc. 62,000 545,780 Mega Financial Holding Co., Ltd. 923,975 782,007 Meiloon Industrial Co. 25,000 21,584 Mercuries & Associates Holding, Ltd. 103,300 77,627 * Mercuries Life Insurance Co., Ltd. 246,838 129,156 Merida Industry Co., Ltd. 9,000 43,057 Merry Electronics Co., Ltd. 46,000 379,303 Micro-Star International Co., Ltd. 178,000 461,157 * Microbio Co., Ltd. 77,000 59,639 Microelectronics Technology, Inc. 27,000 32,740 Microlife Corp. 18,000 41,958 MIN AIK Technology Co., Ltd. 37,000 37,250 # Mirle Automation Corp. 51,000 67,540 Mitac Holdings Corp. 186,692 223,337 momo.com, Inc. 8,000 56,739 * Motech Industries, Inc. 153,589 123,502 MPI Corp. 22,000 66,975 Nak Sealing Technologies Corp. 17,000 46,619 Namchow Chemical Industrial Co., Ltd. 68,000 145,493 Nan Kang Rubber Tire Co., Ltd. 103,000 94,263 Nan Liu Enterprise Co., Ltd. 7,000 33,853 Nan Ya Plastics Corp. 135,000 339,782 Nan Ya Printed Circuit Board Corp. 85,000 66,566 Nantex Industry Co., Ltd. 72,172 53,196 # Nanya Technology Corp. 88,432 182,367 * Neo Solar Power Corp. 296,338 136,863 Netronix, Inc. 20,000 45,008 Nexcom International Co., Ltd. 13,000 12,711 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TAIWAN -- (Continued) Nichidenbo Corp. 14,000 $ 12,745 Nien Hsing Textile Co., Ltd. 51,000 38,088 Nien Made Enterprise Co., Ltd. 12,000 146,436 Nishoku Technology, Inc. 20,000 52,061 Novatek Microelectronics Corp. 92,000 349,844 Nuvoton Technology Corp. 34,000 64,082 * OBI Pharma, Inc. 3,000 21,349 * Ocean Plastics Co., Ltd. 15,000 13,116 On-Bright Electronics, Inc. 6,000 43,023 OptoTech Corp. 173,000 93,288 Orient Europharma Co., Ltd. 8,000 18,259 * Orient Semiconductor Electronics, Ltd. 155,000 45,104 Oriental Union Chemical Corp. 128,000 119,022 P-Duke Technology Co., Ltd. 7,700 16,084 Pacific Hospital Supply Co., Ltd. 15,000 38,255 Paiho Shih Holdings Corp. 39,960 73,811 Pan Jit International, Inc. 152,000 95,558 Pan-International Industrial Corp. 101,000 98,159 Parade Technologies, Ltd. 16,000 232,115 PChome Online, Inc. 13,022 91,380 PCL Technologies, Inc. 9,180 38,714 Pegatron Corp. 346,000 1,128,480 PharmaEngine, Inc. 3,599 22,862 Pharmally International Holding Co., Ltd. 3,000 42,213 * Phihong Technology Co., Ltd. 88,222 35,492 Phison Electronics Corp. 15,000 208,380 Pixart Imaging, Inc. 14,000 39,859 Polytronics Technology Corp. 16,000 30,840 Portwell, Inc. 17,000 27,575 Posiflex Technology, Inc. 5,182 28,674 Pou Chen Corp. 395,000 533,597 Power Quotient International Co., Ltd. 50,000 20,747 Powertech Technology, Inc. 133,000 430,971 Poya International Co., Ltd. 6,181 78,874 President Chain Store Corp. 36,000 305,054 * President Securities Corp. 263,988 122,393 Primax Electronics, Ltd. 146,000 318,886 Prince Housing & Development Corp. 329,000 118,744 Promate Electronic Co., Ltd. 26,000 24,627 Promise Technology, Inc. 26,000 11,145 Prosperity Dielectrics Co., Ltd. 27,000 21,304 Qisda Corp. 532,000 420,823 QST International Corp. 7,000 23,784 Qualipoly Chemical Corp. 20,000 19,707 # Quang Viet Enterprise Co., Ltd. 14,000 79,319 Quanta Computer, Inc. 237,000 561,916 Quanta Storage, Inc. 79,000 108,701 Radiant Opto-Electronics Corp. 128,000 304,067 * Radium Life Tech Co., Ltd. 201,460 88,401 Realtek Semiconductor Corp. 80,000 299,349 Rechi Precision Co., Ltd. 102,000 106,954 Rich Development Co., Ltd. 174,000 55,877 RichWave Technology Corp. 23,000 80,334 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) #* Ritek Corp. 555,138 $ 93,688 * Rotam Global Agrosciences, Ltd. 32,000 34,590 * Ruentex Development Co., Ltd. 163,267 176,822 # Ruentex Industries, Ltd. 58,000 86,070 Run Long Construction Co., Ltd. 50,000 78,973 Sagittarius Life Science Corp. 9,000 30,681 Sampo Corp. 100,000 49,983 San Fang Chemical Industry Co., Ltd. 46,679 55,346 San Shing Fastech Corp. 28,000 47,102 Sanitar Co., Ltd. 13,000 16,726 Sanyang Motor Co., Ltd. 156,000 108,141 SCI Pharmtech, Inc. 13,000 28,278 Scientech Corp. 16,000 33,109 SDI Corp. 51,000 107,437 Senao International Co., Ltd. 28,000 53,800 Senao Networks, Inc. 13,000 58,289 Sercomm Corp. 80,000 202,468 Sesoda Corp. 63,999 60,149 Sheng Yu Steel Co., Ltd. 40,000 47,021 ShenMao Technology, Inc. 21,000 20,118 * Shih Wei Navigation Co., Ltd. 106,000 31,060 Shin Kong Financial Holding Co., Ltd. 1,624,260 434,202 Shin Zu Shing Co., Ltd. 48,000 146,505 * Shining Building Business Co., Ltd. 35,700 12,116 Shinkong Insurance Co., Ltd. 52,000 43,920 Shinkong Synthetic Fibers Corp. 432,000 131,210 Shiny Chemical Industrial Co., Ltd. 12,000 25,792 # ShunSin Technology Holding, Ltd. 14,000 45,789 * Shuttle, Inc. 76,000 26,681 Sigurd Microelectronics Corp. 91,000 84,647 Silergy Corp. 5,000 97,763 * Silicon Integrated Systems Corp. 124,146 29,647 Siliconware Precision Industries Co., Ltd. 54,716 90,105 * Siliconware Precision Industries Co., Ltd. Sponsored ADR 1,172 9,564 Simplo Technology Co., Ltd. 71,000 225,556 Sinbon Electronics Co., Ltd. 88,064 215,753 Sincere Navigation Corp. 108,000 71,682 Sinher Technology, Inc. 9,000 15,834 Sinmag Equipment Corp. 9,000 53,334 Sino-American Electronic Co., Ltd. 7,000 11,408 # Sino-American Silicon Products, Inc. 151,000 302,869 Sinon Corp. 107,000 52,785 SinoPac Financial Holdings Co., Ltd. 1,745,066 547,168 Sinphar Pharmaceutical Co., Ltd. 22,000 16,061 Sinyi Realty, Inc. 15,930 17,150 Sirtec International Co., Ltd. 51,000 75,474 Sitronix Technology Corp. 43,000 137,502 Siward Crystal Technology Co., Ltd. 33,000 22,568 Soft-World International Corp. 11,000 29,203 * Solar Applied Materials Technology Co. 46,000 20,013 * Solartech Energy Corp. 124,000 57,483 Solteam Electronics Co., Ltd. 11,000 14,704 Sonix Technology Co., Ltd. 29,000 31,568 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) Sporton International, Inc. 12,206 $ 60,846 St Shine Optical Co., Ltd. 12,000 247,226 Standard Foods Corp. 35,964 95,757 Stark Technology, Inc. 24,000 23,332 Sunny Friend Environmental Technology Co., Ltd. 9,000 45,740 Sunonwealth Electric Machine Industry Co., Ltd. 68,000 96,036 Sunplus Technology Co., Ltd. 226,000 104,269 Sunrex Technology Corp. 30,446 20,510 Sunspring Metal Corp. 35,000 47,713 # Supreme Electronics Co., Ltd. 106,509 104,721 Swancor Holding Co., Ltd. 18,000 51,129 Syncmold Enterprise Corp. 50,000 108,152 Synnex Technology International Corp. 236,250 262,697 Systex Corp. 59,000 112,269 TA Chen Stainless Pipe 153,483 88,184 * Ta Ya Electric Wire & Cable 212,000 46,903 Ta Yih Industrial Co., Ltd. 11,000 30,174 TA-I Technology Co., Ltd. 26,000 21,276 Taichung Commercial Bank Co., Ltd. 606,770 209,004 TaiDoc Technology Corp. 20,449 70,408 Taiflex Scientific Co., Ltd. 54,060 79,420 * TaiMed Biologics, Inc. 6,000 43,869 Taimide Tech, Inc. 15,000 21,106 Tainan Enterprises Co., Ltd. 28,000 22,950 Tainan Spinning Co., Ltd. 311,240 135,988 * Tainergy Tech Co., Ltd. 81,000 32,995 Taishin Financial Holding Co., Ltd. 1,017,068 478,287 * Taisun Enterprise Co., Ltd. 57,000 39,549 * Taita Chemical Co., Ltd. 66,000 22,971 Taiwan Acceptance Corp. 51,000 188,337 Taiwan Business Bank 844,947 239,801 Taiwan Cement Corp. 402,000 465,907 Taiwan Chinsan Electronic Industrial Co., Ltd. 26,000 44,842 Taiwan Cogeneration Corp. 105,000 82,410 Taiwan Cooperative Financial Holding Co., Ltd. 889,038 485,818 Taiwan FamilyMart Co., Ltd. 4,000 27,214 Taiwan Fertilizer Co., Ltd. 160,000 217,265 Taiwan FU Hsing Industrial Co., Ltd. 36,000 43,974 * Taiwan Glass Industry Corp. 239,046 122,325 Taiwan High Speed Rail Corp. 134,000 115,627 Taiwan Hon Chuan Enterprise Co., Ltd. 81,927 148,139 Taiwan Hopax Chemicals Manufacturing Co., Ltd. 44,000 24,841 Taiwan Land Development Corp. 286,666 99,680 * Taiwan Mask Corp. 48,000 28,032 Taiwan Mobile Co., Ltd. 45,000 161,049 Taiwan Navigation Co., Ltd. 32,000 14,625 Taiwan Optical Platform Co., Ltd. 5,200 20,497 Taiwan Paiho, Ltd. 55,000 229,461 Taiwan PCB Techvest Co., Ltd. 101,000 98,758 * Taiwan Pulp & Paper Corp. 137,000 84,187 Taiwan Sakura Corp. 51,200 61,673 Taiwan Secom Co., Ltd. 26,000 76,980 Taiwan Semiconductor Co., Ltd. 69,000 93,439 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Taiwan Semiconductor Manufacturing Co., Ltd. 247,000 $1,746,018 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR 134,422 4,833,815 Taiwan Shin Kong Security Co., Ltd. 45,000 56,555 Taiwan Styrene Monomer 157,000 108,372 Taiwan Surface Mounting Technology Corp. 90,800 74,407 Taiwan TEA Corp. 266,000 142,689 Taiwan Union Technology Corp. 76,000 163,536 Taiyen Biotech Co., Ltd. 42,000 41,726 #* Tatung Co., Ltd. 807,000 339,328 TCI Co., Ltd. 10,356 63,403 * Teapo Electronic Corp. 16,000 14,574 Teco Electric and Machinery Co., Ltd. 380,000 357,871 Tehmag Foods Corp. 6,600 49,286 Test Research, Inc. 51,000 60,784 Test Rite International Co., Ltd. 62,000 45,787 Thinking Electronic Industrial Co., Ltd. 39,000 121,602 Thye Ming Industrial Co., Ltd. 43,000 56,036 Ton Yi Industrial Corp. 239,000 114,752 Tong Hsing Electronic Industries, Ltd. 46,000 190,342 Tong Yang Industry Co., Ltd. 124,000 230,190 Tong-Tai Machine & Tool Co., Ltd. 54,060 37,593 TOPBI International Holdings, Ltd. 11,980 38,250 Topco Scientific Co., Ltd. 45,416 139,101 Topoint Technology Co., Ltd. 48,000 37,195 Toung Loong Textile Manufacturing 18,000 52,477 * TPK Holding Co., Ltd. 90,000 302,196 Transcend Information, Inc. 34,000 100,686 Tripod Technology Corp. 145,000 473,372 # TrueLight Corp. 25,900 31,526 Tsang Yow Industrial Co., Ltd. 20,000 28,325 Tsann Kuen Enterprise Co., Ltd. 16,000 13,429 TSC Auto ID Technology Co., Ltd. 3,300 22,935 * TSEC Corp. 64,000 21,825 # TSRC Corp. 132,000 148,219 Ttet Union Corp. 13,000 39,609 TTFB Co., Ltd. 3,000 25,005 TTY Biopharm Co., Ltd. 27,000 88,019 Tung Ho Steel Enterprise Corp. 266,000 219,775 # Tung Thih Electronic Co., Ltd. 14,000 99,422 TURVO International Co., Ltd. 18,000 60,477 TXC Corp. 83,000 119,990 TYC Brother Industrial Co., Ltd. 82,000 83,770 Tyntek Corp. 69,000 29,803 U-Ming Marine Transport Corp. 156,000 162,173 UDE Corp. 65,000 80,309 # Ultra Chip, Inc. 35,000 38,246 Uni-President Enterprises Corp. 356,560 682,400 Unimicron Technology Corp. 406,000 264,006 Union Bank Of Taiwan 218,000 64,616 * Unitech Printed Circuit Board Corp. 185,000 65,858 United Integrated Services Co., Ltd. 69,000 129,811 # United Microelectronics Corp. 2,717,000 1,247,075 United Orthopedic Corp. 17,000 39,218 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) United Radiant Technology 34,000 $ 23,626 Unity Opto Technology Co., Ltd. 146,000 54,853 Universal Cement Corp. 128,120 95,909 Universal Microwave Technology, Inc. 9,000 26,028 * Unizyx Holding Corp. 111,000 52,749 UPC Technology Corp. 208,000 97,858 USI Corp. 267,240 132,366 Usun Technology Co., Ltd. 16,000 32,503 Utechzone Co., Ltd. 12,000 21,527 Vanguard International Semiconductor Corp. 166,000 310,761 Victory New Materials, Ltd. Co. 13,000 22,352 Visual Photonics Epitaxy Co., Ltd. 66,500 152,146 Vivotek, Inc. 26,427 77,328 Voltronic Power Technology Corp. 3,150 54,015 * Wafer Works Corp. 159,507 108,377 Waffer Technology Co., Ltd. 31,000 19,048 Wah Lee Industrial Corp. 47,000 78,610 Walsin Lihwa Corp. 838,000 368,994 # Walsin Technology Corp. 116,650 208,841 Walton Advanced Engineering, Inc. 66,000 28,710 Wan Hai Lines, Ltd. 200,000 114,555 Waterland Financial Holdings Co., Ltd. 647,654 205,255 * Wei Chuan Foods Corp. 42,000 25,874 Weikeng Industrial Co., Ltd. 54,000 29,512 Well Shin Technology Co., Ltd. 14,000 23,067 Win Semiconductors Corp. 77,840 455,494 Winbond Electronics Corp. 725,000 437,549 # Wisdom Marine Lines Co., Ltd. 109,292 103,905 Wistron Corp. 659,194 665,221 Wistron NeWeb Corp. 110,125 352,263 Wowprime Corp. 23,000 128,641 WPG Holdings, Ltd. 323,000 452,344 WT Microelectronics Co., Ltd. 117,695 174,340 * WUS Printed Circuit Co., Ltd. 83,000 48,657 XAC Automation Corp. 43,000 83,268 * XinTec, Inc. 41,000 74,606 XPEC Entertainment, Inc. 17,960 2,944 # Xxentria Technology Materials Corp. 27,000 56,249 Yageo Corp. 127,038 483,800 * Yang Ming Marine Transport Corp. 203,270 90,498 YC Co., Ltd. 85,779 35,660 YC INOX Co., Ltd. 75,900 62,586 Yeong Guan Energy Technology Group Co., Ltd. 20,401 55,273 # YFC-Boneagle Electric Co., Ltd. 34,000 72,146 #* YFY, Inc. 429,000 145,620 Yi Jinn Industrial Co., Ltd. 55,800 20,331 * Yieh Phui Enterprise Co., Ltd. 283,820 123,100 Yonyu Plastics Co., Ltd. 21,000 21,836 * Young Optics, Inc. 17,000 23,163 Youngtek Electronics Corp. 35,160 53,798 Yuanta Financial Holding Co., Ltd. 1,121,918 480,930 Yulon Motor Co., Ltd. 172,000 150,276 Yung Chi Paint & Varnish Manufacturing Co., Ltd. 14,000 38,199 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- TAIWAN -- (Continued) YungShin Global Holding Corp. 16,800 $ 22,807 Yungtay Engineering Co., Ltd. 84,000 139,053 Zeng Hsing Industrial Co., Ltd. 18,000 76,305 Zenitron Corp. 21,000 12,555 Zhen Ding Technology Holding, Ltd. 175,000 407,090 Zig Sheng Industrial Co., Ltd. 124,000 37,349 # Zinwell Corp. 66,000 68,363 Zippy Technology Corp. 37,000 44,144 ZongTai Real Estate Development Co., Ltd. 50,000 29,392 ----------- TOTAL TAIWAN 94,224,162 ----------- THAILAND -- (0.6%) Advanced Info Service PCL 28,200 157,201 Airports of Thailand PCL 112,000 173,336 * AJ Advance Technology PCL 745,800 26,446 Amata Corp. PCL 81,000 38,216 Ananda Development PCL 216,100 32,341 AP Thailand PCL 413,300 95,635 Asia Aviation PCL 442,700 84,478 Bangchak Corp. PCL 172,600 180,243 Bangkok Airways PCL 189,900 104,433 Bangkok Aviation Fuel Services PCL 59,400 84,343 Bangkok Bank PCL(6077019) 9,900 54,890 Bangkok Bank PCL(6368360) 8,500 45,851 Bangkok Chain Hospital PCL 259,600 109,218 Bangkok Dusit Medical Services PCL Class F 80,800 46,378 Bangkok Expressway & Metro PCL 985,940 222,215 Bangkok Land PCL 2,313,400 125,832 Bangkok Life Assurance PCL 72,300 90,710 Bangkok Ranch PCL 89,300 19,456 Banpu PCL 311,400 152,535 Beauty Community PCL 303,400 108,499 BEC World PCL 230,200 127,979 Berli Jucker PCL 145,250 201,879 Better World Green PCL 186,200 10,296 Big Camera Corp. PCL 186,600 21,084 BJC Heavy Industries PCL Class F 223,400 24,840 BTS Group Holdings PCL 263,900 68,203 Bumrungrad Hospital PCL 16,300 85,721 Buriram Sugar PCL Class F 35,280 12,086 Cal-Comp Electronics Thailand PCL Class F 337,890 31,681 Carabao Group PCL Class F 38,100 79,574 Central Pattana PCL 65,800 137,427 Central Plaza Hotel PCL 159,800 195,689 CH Karnchang PCL 86,600 74,169 Charoen Pokphand Foods PCL 476,500 352,258 Chularat Hospital PCL Class F 495,900 38,448 CK Power PCL 661,600 66,008 Com7 PCL 80,500 27,820 * Country Group Development PCL 270,500 8,698 CP ALL PCL 92,600 169,052 Delta Electronics Thailand PCL 41,000 109,349 Dhipaya Insurance PCL 46,900 59,195 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- THAILAND -- (Continued) Diamond Building Products PCL 227,200 $ 39,942 Dynasty Ceramic PCL 305,120 37,044 Eastern Polymer Group PCL Class F 158,200 51,344 Eastern Printing PCL 176,280 37,347 Eastern Water Resources Development and Management PCL Class F 233,400 89,779 Electricity Generating PCL 18,800 123,162 Energy Absolute PCL 138,800 154,331 Energy Earth PCL 286,200 12,557 Erawan Group PCL (The) 506,800 81,480 * Esso Thailand PCL 514,700 152,354 Forth Corp. PCL 52,900 11,684 Forth Smart Service PCL 86,500 51,209 Fortune Parts Industry PCL 77,300 11,290 GFPT PCL 176,100 102,136 Global Power Synergy PCL Class F 60,700 70,228 Glow Energy PCL 52,600 128,036 Group Lease PCL 27,500 16,776 Hana Microelectronics PCL 63,700 77,049 Home Product Center PCL 569,220 169,347 Ichitan Group PCL 66,400 15,365 Indorama Ventures PCL 187,800 210,225 Intouch Holdings PCL 14,300 25,677 IRPC PCL 1,533,000 253,377 Italian-Thai Development PCL 829,600 98,226 Jasmine International PCL 274,400 61,845 Jaymart PCL 138,483 61,592 Kang Yong Electric PCL 1,400 22,298 Kasikornbank PCL(6364766) 59,100 341,885 Kasikornbank PCL(6888794) 12,200 72,592 KCE Electronics PCL 29,100 75,644 KGI Securities Thailand PCL 201,500 24,100 Khon Kaen Sugar Industry PCL 523,596 69,547 Kiatnakin Bank PCL 97,400 195,377 Krung Thai Bank PCL 496,800 270,223 Krungthai Card PCL 29,700 89,029 Land & Houses PCL 316,600 95,142 Lanna Resources PCL 84,600 30,254 LH Financial Group PCL 1,188,100 63,196 Loxley PCL 395,800 39,251 LPN Development PCL 181,700 63,340 Major Cineplex Group PCL 124,400 114,955 Malee Group PCL 13,400 13,389 MBK PCL 29,600 13,343 MC Group PCL 50,200 26,098 MCS Steel PCL 101,800 44,970 Mega Lifesciences PCL 25,800 21,709 Minor International PCL 130,970 166,288 MK Restaurants Group PCL 35,100 64,343 Muangthai Leasing PCL Class F 77,700 83,476 * Polyplex Thailand PCL 171,000 64,748 * Precious Shipping PCL 176,100 49,216 Premier Marketing PCL 62,100 21,274 Pruksa Holding PCL 212,900 146,512 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- THAILAND -- (Continued) PTG Energy PCL 127,700 $ 70,611 PTT Exploration & Production PCL 241,700 639,178 PTT Global Chemical PCL 119,300 259,024 PTT PCL 118,600 1,382,862 Quality Houses PCL 1,528,683 112,091 Ratchaburi Electricity Generating Holding PCL(6294249) 31,900 51,766 Ratchaburi Electricity Generating Holding PCL(6362771) 6,100 9,899 Ratchthani Leasing PCL 241,600 40,658 * Regional Container Lines PCL 53,900 13,525 Robinson PCL 37,700 65,993 * Rojana Industrial Park PCL 109,000 17,852 * RS PCL 31,100 12,897 Samart Corp. PCL 137,600 59,131 * Samart I-Mobile PCL 312,200 9,288 Samart Telcoms PCL 70,100 27,807 Sansiri PCL 2,081,100 130,082 SC Asset Corp PCL 559,425 54,469 Siam Cement PCL (The)(6609906) 1,100 16,727 Siam Cement PCL (The)(6609928) 5,100 77,550 Siam City Cement PCL 18,268 170,732 Siam Commercial Bank PCL (The) 40,500 178,910 Siam Future Development PCL 142,700 25,301 Siam Global House PCL 238,264 98,094 Siamgas & Petrochemicals PCL 116,200 53,078 * Singha Estate PCL 363,700 43,937 Sino-Thai Engineering & Construction PCL 78,700 60,900 Somboon Advance Technology PCL 48,000 23,368 SPCG PCL 169,200 102,710 Sri Trang Agro-Industry PCL 133,200 49,235 Sriracha Construction PCL 11,900 7,760 Srisawad Corp. PCL 26,200 41,532 Star Petroleum Refining PCL 132,900 61,505 STP & I PCL 266,320 52,821 Supalai PCL 220,000 157,348 * Superblock PCL 1,301,800 50,466 SVI PCL 321,400 53,605 Syntec Construction PCL 180,600 27,028 Taokaenoi Food & Marketing PCL 28,100 16,973 * Tata Steel Thailand PCL 1,213,600 31,729 * Thai Airways International PCL 258,600 144,545 Thai Metal Trade PCL 54,600 22,971 Thai Nakarin Hospital PCL 12,500 13,335 Thai Oil PCL 215,000 554,032 Thai Reinsurance PCL 297,000 15,441 Thai Solar Energy PCL 247,800 36,936 Thai Union Group PCL Class F 226,200 137,991 Thai Vegetable Oil PCL 126,200 114,722 Thaicom PCL 102,000 47,818 * Thaifoods Group PCL 289,900 44,430 Thanachart Capital PCL 112,100 160,858 Thoresen Thai Agencies PCL 259,400 66,260 TICON Industrial Connection PCL Class F 71,900 30,250 Tipco Asphalt PCL 174,300 118,377 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- THAILAND -- (Continued) Tisco Financial Group PCL(B3KFW10) 31,000 $ 68,705 Tisco Financial Group PCL(B3KFW76) 37,100 82,224 TMB Bank PCL 2,897,200 205,472 Total Access Communication PCL(B1YWK08) 122,300 199,383 Total Access Communication PCL(B231MK7) 44,200 72,058 TPI Polene PCL 2,076,900 141,054 * True Corp. PCL 1,275,465 216,561 TTCL PCL 44,100 23,722 TTW PCL 277,800 90,996 Unique Engineering & Construction PCL 160,800 86,980 Univentures PCL 200,700 47,044 Vanachai Group PCL 243,000 86,899 VGI Global Media PCL 554,900 86,712 * Vibhavadi Medical Center PCL 878,900 70,784 Vinythai PCL 98,300 61,739 WHA Corp. PCL 564,300 51,552 Workpoint Entertainment PCL 46,520 87,724 ----------- TOTAL THAILAND 15,825,330 ----------- TURKEY -- (0.4%) Adana Cimento Sanayii TAS Class A 8,467 16,240 Akbank TAS 165,562 492,529 Akcansa Cimento A.S. 19,615 68,458 #* Akenerji Elektrik Uretim A.S. 98,229 32,676 Aksa Akrilik Kimya Sanayii A.S. 32,168 127,391 * Aksa Enerji Uretim A.S. 59,608 70,166 * Aksigorta A.S. 34,927 31,577 Alarko Holding A.S. 39,854 64,903 Albaraka Turk Katilim Bankasi A.S. 65,031 26,627 Alkim Alkali Kimya A.S. 1,497 11,167 Anadolu Anonim Turk Sigorta Sirketi 43,440 35,176 Anadolu Cam Sanayii A.S. 106,103 72,412 Anadolu Efes Biracilik Ve Malt Sanayii A.S. 36,843 216,140 Anadolu Hayat Emeklilik A.S. 17,856 33,743 Arcelik A.S. 30,489 225,380 Aselsan Elektronik Sanayi Ve Ticaret A.S. 13,876 94,884 Aygaz A.S. 21,938 100,527 #* Bagfas Bandirma Gubre Fabrikalari A.S. 6,792 24,708 * Bera Holding A.S. 26,640 19,151 #* Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. 32,471 42,466 BIM Birlesik Magazalar A.S. 16,074 313,494 Bolu Cimento Sanayii A.S. 33,473 55,077 Borusan Mannesmann Boru Sanayi ve Ticaret A.S. 26,710 67,948 * Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S. 3,447 7,153 # Bursa Cimento Fabrikasi A.S. 27,024 45,165 Cimsa Cimento Sanayi VE Ticaret A.S. 21,353 91,386 Coca-Cola Icecek A.S. 8,942 108,059 * Dogan Sirketler Grubu Holding A.S. 492,406 116,273 #* Dogus Otomotiv Servis ve Ticaret A.S. 20,254 55,273 Eczacibasi Yatirim Holding Ortakligi A.S. 6,259 18,360 EGE Endustri VE Ticaret A.S. 372 28,186 EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. 92,902 126,805 Enka Insaat ve Sanayi A.S. 49,602 77,834 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TURKEY -- (Continued) Erbosan Erciyas Boru Sanayii ve Ticaret A.S. 749 $ 15,455 Eregli Demir ve Celik Fabrikalari TAS 114,499 255,279 #* Fenerbahce Futbol A.S. 3,404 36,638 Ford Otomotiv Sanayi A.S. 11,312 144,731 Global Yatirim Holding A.S. 60,308 51,953 #* Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S. 1,725 39,339 # Goodyear Lastikleri TAS 39,372 51,827 * Gozde Girisim Sermayesi Yatirim Ortakligi A.S. 29,051 27,752 * GSD Holding AS 29,592 6,231 * Gubre Fabrikalari TAS 19,511 29,778 * Ihlas Holding A.S. 323,517 56,182 Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S. 7,651 24,095 * Izmir Demir Celik Sanayi A.S. 39,675 43,776 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A 103,262 65,500 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D 214,398 123,167 #* Karsan Otomotiv Sanayii Ve Ticaret A.S. 75,951 28,077 KOC Holding A.S. 18,995 88,461 Konya Cimento Sanayii A.S. 92 7,369 Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S. 9,276 22,528 * Koza Altin Isletmeleri A.S. 7,733 71,010 * Logo Yazilim Sanayi Ve Ticaret A.S. 800 12,490 * Metro Ticari ve Mali Yatirimlar Holding A.S. 67,617 25,183 * Migros Ticaret A.S. 5,371 45,436 * NET Holding A.S. 112,186 98,496 * Netas Telekomunikasyon A.S. 7,863 31,410 Nuh Cimento Sanayi A.S. 13,762 41,463 # Otokar Otomotiv Ve Savunma Sanayi A.S. 1,862 67,104 * Pegasus Hava Tasimaciligi A.S. 9,978 68,382 Petkim Petrokimya Holding A.S. 112,726 206,087 Polyester Sanayi A.S. 13,620 31,482 Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. 42,559 35,815 * Sekerbank TAS 137,814 54,450 Selcuk Ecza Deposu Ticaret ve Sanayi A.S. 31,917 35,281 Soda Sanayii A.S. 117,944 191,051 # Tat Gida Sanayi A.S. 25,023 51,644 TAV Havalimanlari Holding A.S. 61,090 370,234 Tekfen Holding A.S. 44,467 138,251 Tofas Turk Otomobil Fabrikasi A.S. 12,187 107,084 Trakya Cam Sanayii A.S. 147,708 156,238 Tupras Turkiye Petrol Rafinerileri A.S. 9,019 277,946 * Turcas Petrol A.S. 44,944 28,117 * Turk Hava Yollari AO 151,960 381,571 * Turk Telekomunikasyon A.S. 20,080 41,394 Turk Traktor ve Ziraat Makineleri A.S. 2,497 57,948 Turkcell Iletisim Hizmetleri A.S. 67,657 247,407 # Turkcell Iletisim Hizmetleri A.S. ADR 2,400 22,080 Turkiye Garanti Bankasi A.S. 147,653 442,174 Turkiye Halk Bankasi A.S. 124,632 534,717 Turkiye Is Bankasi Class C 202,600 436,131 Turkiye Sinai Kalkinma Bankasi A.S. 323,342 140,686 Turkiye Sise ve Cam Fabrikalari A.S. 209,800 268,394 Turkiye Vakiflar Bankasi TAO Class D 163,045 326,346 Ulker Biskuvi Sanayi A.S. 22,716 137,162 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TURKEY -- (Continued) #* Vestel Elektronik Sanayi ve Ticaret A.S. 54,800 $ 112,154 * Yapi ve Kredi Bankasi A.S. 122,107 157,622 * Yatas Yatak ve Yorgan Sanayi ve Ticaret A.S. 13,821 50,727 #* Zorlu Enerji Elektrik Uretim A.S. 56,679 23,696 ---------- TOTAL TURKEY 9,560,335 ---------- UNITED KINGDOM -- (11.2%) 3i Group P.L.C. 193,936 2,394,165 4imprint Group P.L.C. 811 16,905 888 Holdings P.L.C. 71,548 243,101 A.G. Barr P.L.C. 21,346 168,715 AA P.L.C. 113,892 367,008 Aberdeen Asset Management P.L.C. 252,584 1,097,960 Acacia Mining P.L.C. 58,745 135,139 Acal P.L.C. 8,553 35,412 Admiral Group P.L.C. 29,846 814,198 Aggreko P.L.C. 107,006 1,196,236 Air Partner P.L.C. 8,938 14,718 * Aldermore Group P.L.C. 6,184 17,702 Amec Foster Wheeler P.L.C. 69,184 405,828 * Anglo American P.L.C. 157,444 2,604,394 Anglo Pacific Group P.L.C. 40,597 62,734 Anglo-Eastern Plantations P.L.C. 2,772 30,908 Antofagasta P.L.C. 73,172 913,774 Arrow Global Group P.L.C. 38,874 224,200 Ashmore Group P.L.C. 87,394 414,888 Ashtead Group P.L.C. 76,598 1,645,655 Associated British Foods P.L.C. 11,638 455,275 AstraZeneca P.L.C. 144 8,583 # AstraZeneca P.L.C. Sponsored ADR 95,748 2,889,675 Auto Trader Group P.L.C. 107,862 544,753 AVEVA Group P.L.C. 21,648 566,739 Aviva P.L.C. 413,342 2,938,048 Avon Rubber P.L.C. 2,151 28,406 B&M European Value Retail SA 287,802 1,367,798 Babcock International Group P.L.C. 159,269 1,774,205 BAE Systems P.L.C. 329,348 2,612,990 Balfour Beatty P.L.C. 128,782 448,283 Barclays P.L.C. 6,183 16,578 Barclays P.L.C. Sponsored ADR 260,473 2,794,875 Barratt Developments P.L.C. 212,357 1,724,701 BBA Aviation P.L.C. 227,738 900,688 Beazley P.L.C. 177,580 1,200,102 Bellway P.L.C. 52,785 2,222,705 Berendsen P.L.C. 46,133 776,025 Berkeley Group Holdings P.L.C. 43,039 1,984,890 BGEO Group P.L.C. 6,964 316,933 BHP Billiton P.L.C. 106,827 1,947,884 BHP Billiton P.L.C. ADR 66,509 2,421,593 Bodycote P.L.C. 82,089 985,467 Booker Group P.L.C. 266,775 677,464 Bovis Homes Group P.L.C. 50,288 671,355 BP P.L.C. 2,213 12,999 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) BP P.L.C. Sponsored ADR 272,072 $9,560,610 Braemar Shipping Services P.L.C. 8,940 34,815 Brewin Dolphin Holdings P.L.C. 113,250 536,752 British American Tobacco P.L.C. 18,804 1,169,717 British American Tobacco P.L.C. Sponsored ADR 32,018 2,001,765 Britvic P.L.C. 90,034 847,835 BT Group P.L.C. 248,190 1,027,084 BT Group P.L.C. Sponsored ADR 7,252 151,494 * BTG P.L.C. 28,081 244,116 Bunzl P.L.C. 27,252 822,836 Burberry Group P.L.C. 62,345 1,406,345 * Cairn Energy P.L.C. 209,322 496,948 Cape P.L.C. 44,494 153,426 Capita P.L.C. 29,553 256,783 Capital & Counties Properties P.L.C. 170,869 649,532 * Carclo P.L.C. 18,366 40,746 Card Factory P.L.C. 46,313 187,106 # Carillion P.L.C. 150,800 112,921 Carnival P.L.C. 1,122 75,731 Carnival P.L.C. ADR 16,705 1,123,912 Castings P.L.C. 1,541 9,408 Centamin P.L.C. 420,106 921,448 Centrica P.L.C. 494,557 1,295,576 Charles Taylor P.L.C. 3,517 11,112 Chemring Group P.L.C. 57,147 135,018 Chesnara P.L.C. 12,239 61,621 Cineworld Group P.L.C. 68,514 622,936 * Circassia Pharmaceuticals P.L.C. 6,887 8,050 Clarkson P.L.C. 3,027 106,841 Clipper Logistics P.L.C. 1,947 11,116 Close Brothers Group P.L.C. 63,468 1,290,492 CLS Holdings P.L.C. 15,868 44,567 Cobham P.L.C. 573,171 1,004,009 Coca-Cola HBC AG 35,700 1,079,321 Communisis P.L.C. 16,892 10,610 Compass Group P.L.C. 57,359 1,223,871 Computacenter P.L.C. 23,838 278,185 Connect Group P.L.C. 25,999 38,079 Consort Medical P.L.C. 7,364 103,485 Costain Group P.L.C. 41,870 258,858 Countrywide P.L.C. 13,419 27,267 Cranswick P.L.C. 17,676 676,752 Crest Nicholson Holdings P.L.C. 91,311 648,338 Croda International P.L.C. 16,018 781,592 Daejan Holdings P.L.C. 867 74,577 Daily Mail & General Trust P.L.C. 55,499 466,769 # Dairy Crest Group P.L.C. 48,354 378,466 DCC P.L.C. 13,983 1,229,280 De La Rue P.L.C. 32,807 288,800 Debenhams P.L.C. 368,181 208,893 Dechra Pharmaceuticals P.L.C. 15,715 367,692 Devro P.L.C. 69,649 198,408 Diageo P.L.C. 1,074 34,687 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) # Diageo P.L.C. Sponsored ADR 19,256 $2,514,256 Dignity P.L.C. 8,600 289,171 Diploma P.L.C. 48,012 683,229 Direct Line Insurance Group P.L.C. 394,148 1,947,920 Dixons Carphone P.L.C. 225,041 799,285 Domino's Pizza Group P.L.C. 95,671 336,220 Drax Group P.L.C. 121,218 509,330 DS Smith P.L.C. 228,616 1,456,315 Dunelm Group P.L.C. 13,401 106,487 easyJet P.L.C. 48,744 795,032 * EI Group P.L.C. 183,561 344,739 Electrocomponents P.L.C. 141,657 1,159,393 Elementis P.L.C. 188,769 737,864 * EnQuest P.L.C. 375,480 166,680 Entertainment One, Ltd. 38,967 122,524 Essentra P.L.C. 97,610 688,824 esure Group P.L.C. 121,187 473,389 Euromoney Institutional Investor P.L.C. 5,416 79,167 * Evraz P.L.C. 100,308 315,245 Experian P.L.C. 61,031 1,212,457 Fenner P.L.C. 65,496 297,603 Ferrexpo P.L.C. 154,582 485,571 Fidessa Group P.L.C. 13,668 407,872 * Firstgroup P.L.C. 409,688 624,771 * Flybe Group P.L.C. 12,587 6,224 Foxtons Group P.L.C. 69,472 82,301 Fresnillo P.L.C. 18,055 366,411 Fuller Smith & Turner P.L.C. Class A 1,548 20,782 G4S P.L.C. 380,748 1,652,715 Galliford Try P.L.C. 30,779 550,380 Games Workshop Group P.L.C. 3,498 73,996 * Gem Diamonds, Ltd. 14,360 15,592 Genus P.L.C. 15,623 355,452 GKN P.L.C. 395,159 1,676,405 GlaxoSmithKline P.L.C. 2,756 54,864 GlaxoSmithKline P.L.C. Sponsored ADR 49,761 2,016,316 Glencore P.L.C. 754,242 3,327,259 Go-Ahead Group P.L.C. 15,226 360,818 * Gocompare.Com Group P.L.C. 78,498 117,133 Grafton Group P.L.C. 47,889 485,015 Grainger P.L.C. 104,122 361,279 Greencore Group P.L.C. 241,145 711,772 Greene King P.L.C. 100,632 909,079 Greggs P.L.C. 48,702 706,796 GVC Holdings P.L.C. 53,315 540,726 Halfords Group P.L.C. 69,427 305,439 Halma P.L.C. 94,446 1,368,954 Hargreaves Lansdown P.L.C. 35,077 638,246 Harvey Nash Group P.L.C. 13,310 17,026 Hastings Group Holdings P.L.C. 34,457 139,436 Hays P.L.C. 632,114 1,390,096 Headlam Group P.L.C. 15,286 118,589 Helical P.L.C. 36,739 167,618 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- UNITED KINGDOM -- (Continued) Hikma Pharmaceuticals P.L.C. 21,954 $ 408,666 Hill & Smith Holdings P.L.C. 31,716 560,564 Hilton Food Group P.L.C. 1,672 14,916 Hiscox, Ltd. 108,827 1,864,482 Hochschild Mining P.L.C. 99,774 416,879 HomeServe P.L.C. 84,101 803,893 Howden Joinery Group P.L.C. 227,534 1,276,206 HSBC Holdings P.L.C. Sponsored ADR 243,529 12,198,368 * Hunting P.L.C. 57,000 352,771 Ibstock P.L.C. 61,203 206,019 IG Group Holdings P.L.C. 150,543 1,264,503 * Imagination Technologies Group P.L.C. 47,165 89,775 IMI P.L.C. 94,594 1,502,188 Imperial Brands P.L.C. 33,357 1,373,751 Imperial Brands P.L.C. Sponsored ADR 658 27,570 Inchcape P.L.C. 134,752 1,428,424 Indivior P.L.C. 146,840 743,337 Informa P.L.C. 110,188 1,010,626 Inmarsat P.L.C. 118,511 1,212,863 InterContinental Hotels Group P.L.C. 3,053 172,778 InterContinental Hotels Group P.L.C. ADR 13,951 791,856 Intermediate Capital Group P.L.C. 61,223 732,039 International Consolidated Airlines Group SA 91,522 697,990 International Consolidated Airlines Group SA Sponsored ADR 775 11,803 International Personal Finance P.L.C. 35,050 87,728 Interserve P.L.C. 43,311 128,883 Intertek Group P.L.C. 24,557 1,393,004 Investec P.L.C. 132,445 1,005,654 * IP Group P.L.C.(BZ3T570) 3,121 103 * IP Group P.L.C.(B128J45) 40,578 76,201 ITE Group P.L.C. 130,199 310,654 ITV P.L.C. 227,755 520,831 IWG P.L.C. 264,098 1,144,263 J D Wetherspoon P.L.C. 47,512 641,100 J Sainsbury P.L.C. 579,761 1,873,185 #* Jackpotjoy P.L.C. 17,738 157,885 James Fisher & Sons P.L.C. 20,156 417,233 Jardine Lloyd Thompson Group P.L.C. 43,163 675,773 JD Sports Fashion P.L.C. 99,715 471,341 John Laing Group P.L.C. 5,968 24,632 John Menzies P.L.C. 45,473 420,671 John Wood Group P.L.C. 89,252 720,313 Johnson Matthey P.L.C. 40,414 1,497,840 Jupiter Fund Management P.L.C. 192,225 1,352,462 * Just Eat P.L.C. 33,783 276,713 Just Group P.L.C. 59,429 115,269 Kainos Group P.L.C. 6,241 23,869 * KAZ Minerals P.L.C. 85,453 809,382 KCOM Group P.L.C. 184,325 223,167 Keller Group P.L.C. 28,554 332,047 Kier Group P.L.C. 29,131 495,090 Kingfisher P.L.C. 313,140 1,215,220 Ladbrokes Coral Group P.L.C. 283,935 473,810 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) Laird P.L.C. 107,627 $ 212,367 * Lamprell P.L.C. 36,760 48,021 Lancashire Holdings, Ltd. 44,952 431,300 Legal & General Group P.L.C. 638,577 2,261,021 * Liberty Global P.L.C. Class A 4,558 154,319 * Liberty Global P.L.C. Series C 11,158 365,638 #* Liberty Global P.L.C. LiLAC Class A 569 14,625 * Liberty Global P.L.C. LiLAC Class C 1,392 35,527 Lloyds Banking Group P.L.C. 2,894,623 2,502,509 Lloyds Banking Group P.L.C. ADR 613,184 2,158,408 London Stock Exchange Group P.L.C. 11,186 553,784 * Lonmin P.L.C. 66,593 72,703 Lookers P.L.C. 115,177 166,837 Low & Bonar P.L.C. 9,424 10,694 Man Group P.L.C. 497,982 1,051,304 Marks & Spencer Group P.L.C. 503,439 2,139,675 Marshalls P.L.C. 83,918 424,775 Marston's P.L.C. 190,331 291,401 McBride P.L.C. 86,538 215,823 McColl's Retail Group P.L.C. 532 1,638 Mears Group P.L.C. 24,883 162,263 # Mediclinic International P.L.C.(B8HX8Z8) 63,148 616,813 Mediclinic International P.L.C.(BYYWHN1) 20,931 203,452 Meggitt P.L.C. 186,041 1,234,803 Melrose Industries P.L.C. 686,868 2,105,950 Merlin Entertainments P.L.C. 110,517 684,321 Micro Focus International P.L.C. 44,976 1,324,459 Millennium & Copthorne Hotels P.L.C. 41,854 252,710 Mitchells & Butlers P.L.C. 71,088 226,620 Mitie Group P.L.C. 152,499 536,001 Mondi P.L.C. 50,748 1,336,674 Moneysupermarket.com Group P.L.C. 168,784 738,990 Morgan Advanced Materials P.L.C. 108,211 427,273 Morgan Sindall Group P.L.C. 2,710 48,975 * Mothercare P.L.C. 43,180 57,949 N Brown Group P.L.C. 34,022 140,114 National Express Group P.L.C. 156,278 751,172 National Grid P.L.C. Sponsored ADR 13,835 864,831 NCC Group P.L.C. 4,409 11,270 NEX Group P.L.C. 95,864 843,008 Next P.L.C. 14,042 731,945 Norcros P.L.C. 6,054 14,322 Northgate P.L.C. 57,040 325,347 Novae Group P.L.C. 7,572 70,518 #* Ocado Group P.L.C. 118,352 470,170 Old Mutual P.L.C. 543,488 1,409,635 On the Beach Group P.L.C. 12,295 75,525 OneSavings Bank P.L.C. 29,603 154,021 * Ophir Energy P.L.C. 237,663 228,781 Oxford Instruments P.L.C. 20,947 288,925 Pagegroup P.L.C. 127,855 826,457 Paragon Group of Cos. P.L.C. (The) 73,242 418,233 PayPoint P.L.C. 13,444 158,876 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) * Paysafe Group P.L.C. 177,638 $1,382,598 Pearson P.L.C. 7,526 65,131 Pearson P.L.C. Sponsored ADR 58,249 500,941 Pendragon P.L.C. 163,132 64,486 Pennon Group P.L.C. 91,425 971,758 Persimmon P.L.C. 43,041 1,422,114 * Petra Diamonds, Ltd. 203,807 256,903 Petrofac, Ltd. 78,002 460,896 * Petropavlovsk P.L.C. 669,815 64,737 Pets at Home Group P.L.C. 40,428 86,796 Phoenix Group Holdings 62,058 624,984 Photo-Me International P.L.C. 115,641 249,931 # Playtech P.L.C. 70,094 888,266 Polypipe Group P.L.C. 58,759 311,558 * Premier Foods P.L.C. 328,097 169,949 #* Premier Oil P.L.C. 183,497 146,800 Provident Financial P.L.C. 23,369 636,172 Prudential P.L.C. ADR 45,298 2,218,243 PZ Cussons P.L.C. 94,991 455,050 QinetiQ Group P.L.C. 249,981 795,110 Randgold Resources, Ltd. 11,126 1,035,654 Rank Group P.L.C. 40,140 123,964 Rathbone Brothers P.L.C. 9,942 350,444 * Raven Russia, Ltd. 15,551 9,960 Reckitt Benckiser Group P.L.C. 19,638 1,909,350 Redrow P.L.C. 95,238 744,226 RELX P.L.C. 14,114 307,421 # RELX P.L.C. Sponsored ADR 30,069 664,826 Renewi P.L.C. 149,996 181,948 Renishaw P.L.C. 12,111 665,695 Rentokil Initial P.L.C. 227,738 872,809 Restaurant Group P.L.C. (The) 45,246 199,603 Ricardo P.L.C. 9,525 97,023 Rightmove P.L.C. 16,339 906,383 Rio Tinto P.L.C. 2,919 136,805 Rio Tinto P.L.C. Sponsored ADR 136,466 6,465,759 Robert Walters P.L.C. 4,590 28,698 Rolls-Royce Holdings P.L.C. 219,142 2,567,669 Rotork P.L.C. 330,511 1,009,598 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR 108,562 720,852 Royal Dutch Shell P.L.C. Class A 33,323 941,090 Royal Dutch Shell P.L.C. Class B 2,443 69,597 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 126,860 7,171,396 # Royal Dutch Shell P.L.C. Sponsored ADR, Class B 113,857 6,587,766 Royal Mail P.L.C. 164,218 873,209 RPC Group P.L.C. 138,151 1,633,470 RPS Group P.L.C. 54,453 195,882 RSA Insurance Group P.L.C. 195,084 1,679,633 Saga P.L.C. 183,391 505,057 Sage Group P.L.C. (The) 114,395 1,017,311 Savills P.L.C. 57,005 687,435 Schroders P.L.C.(0239581) 4,007 130,130 Schroders P.L.C.(0240549) 10,579 480,730 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) SDL P.L.C. 7,338 $ 62,270 Senior P.L.C. 111,223 364,876 * Serco Group P.L.C. 212,896 311,694 Severfield P.L.C. 10,461 10,233 Severn Trent P.L.C. 27,242 805,475 Shire P.L.C. 25,040 1,399,796 Shire P.L.C. ADR 735 123,142 SIG P.L.C. 305,953 668,286 Sky P.L.C. 65,178 830,638 Smith & Nephew P.L.C. 64,244 1,117,842 Smiths Group P.L.C. 92,468 1,872,927 Soco International P.L.C. 52,573 84,058 Softcat P.L.C. 9,488 49,929 Spectris P.L.C. 34,609 1,123,320 Speedy Hire P.L.C. 62,182 44,706 Spirax-Sarco Engineering P.L.C. 19,497 1,430,966 Spire Healthcare Group P.L.C. 14,929 67,908 Spirent Communications P.L.C. 110,819 173,045 * Sportech P.L.C. 15,125 19,759 * Sports Direct International P.L.C. 36,372 181,975 SSE P.L.C. 149,462 2,719,968 SSP Group P.L.C. 131,229 882,122 St James's Place P.L.C. 119,769 1,923,772 St. Ives P.L.C. 25,076 18,193 St. Modwen Properties P.L.C. 65,733 310,771 Stagecoach Group P.L.C. 148,567 353,378 * Standard Chartered P.L.C. 224,157 2,505,687 Standard Life P.L.C. 205,105 1,180,606 Sthree P.L.C. 8,691 36,469 Stobart Group, Ltd. 26,128 94,915 SuperGroup P.L.C. 22,639 447,668 Synthomer P.L.C. 138,055 892,221 # TalkTalk Telecom Group P.L.C. 154,439 366,298 Tarsus Group P.L.C. 3,951 15,631 Tate & Lyle P.L.C. 163,403 1,448,921 Taylor Wimpey P.L.C. 939,421 2,359,450 Ted Baker P.L.C. 7,059 234,257 Telecom Plus P.L.C. 25,290 382,169 * Tesco P.L.C. 692,170 1,590,963 Thomas Cook Group P.L.C. 530,482 768,563 Topps Tiles P.L.C. 28,274 30,890 TP ICAP P.L.C. 121,286 778,265 Travis Perkins P.L.C. 59,088 1,183,436 Trifast P.L.C. 15,757 46,069 Trinity Mirror P.L.C. 108,000 148,954 TT Electronics P.L.C. 15,838 44,433 TUI AG 34,526 542,668 * Tullow Oil P.L.C. 470,418 1,046,280 U & I Group P.L.C. 25,451 63,159 UBM P.L.C. 84,602 807,813 UDG Healthcare P.L.C. 57,342 640,202 Ultra Electronics Holdings P.L.C. 31,710 876,417 Unilever P.L.C. 1,655 94,389 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- UNITED KINGDOM -- (Continued) Unilever P.L.C. Sponsored ADR 32,502 $ 1,852,289 United Utilities Group P.L.C. 77,991 924,232 * Vectura Group P.L.C. 143,145 215,317 Vedanta Resources P.L.C. 17,593 178,686 Vesuvius P.L.C. 78,609 563,417 Victrex P.L.C. 35,844 932,856 Virgin Money Holdings UK P.L.C. 68,751 258,682 Vodafone Group P.L.C. 1,790,147 5,247,553 Vodafone Group P.L.C. Sponsored ADR 31,855 945,456 Weir Group P.L.C. (The) 29,135 705,199 WH Smith P.L.C. 30,547 709,646 Whitbread P.L.C. 9,005 457,274 William Hill P.L.C. 291,955 964,957 Wilmington P.L.C. 3,711 11,648 Wincanton P.L.C. 10,792 36,620 * Wizz Air Holdings P.L.C. 1,105 37,927 WM Morrison Supermarkets P.L.C. 542,919 1,721,922 Wolseley P.L.C. 17,226 1,028,528 Worldpay Group P.L.C. 209,878 1,024,165 WPP P.L.C. 79,224 1,615,678 # WPP P.L.C. Sponsored ADR 3,436 350,335 Xaar P.L.C. 16,233 90,516 ZPG P.L.C. 62,020 298,778 -------------- TOTAL UNITED KINGDOM 300,372,016 -------------- UNITED STATES -- (0.0%) * Janus Henderson Group P.L.C. 17,209 568,366 -------------- TOTAL COMMON STOCKS 2,516,777,676 -------------- PREFERRED STOCKS -- (0.9%) BRAZIL -- (0.5%) Alpargatas SA 44,900 214,396 Banco ABC Brasil SA 25,917 136,053 Banco Bradesco SA 160,097 1,549,963 Banco Bradesco SA ADR 60,839 585,269 Banco do Estado do Rio Grande do Sul SA Class B 74,025 347,294 Braskem SA Class A 31,067 371,706 Centrais Eletricas Brasileiras SA Class B 26,500 141,663 * Cia Brasileira de Distribuicao 34,364 798,945 Cia de Gas de Sao Paulo - COMGAS Class A 5,327 80,631 Cia de Saneamento do Parana 63,300 215,171 Cia de Transmissao de Energia Eletrica Paulista 8,867 199,044 Cia Energetica de Minas Gerais 123,400 337,155 Cia Energetica de Sao Paulo Class B 37,300 186,599 Cia Energetica do Ceara Class A 2,100 32,426 Cia Ferro Ligas da Bahia - Ferbasa 19,800 77,464 Cia Paranaense de Energia 20,600 171,163 Eletropaulo Metropolitana Eletricidade de Sao Paulo SA 22,900 104,940 Gerdau SA 200,788 686,389 * Gol Linhas Aereas Inteligentes SA 15,800 45,348 Itau Unibanco Holding SA 193,334 2,313,796 Itau Unibanco Holding SA ADR 66,308 789,728 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- BRAZIL -- (Continued) Lojas Americanas SA 79,940 $ 401,706 Marcopolo SA 155,900 162,982 * Petroleo Brasileiro SA 282,598 1,204,396 * Petroleo Brasileiro SA Sponsored ADR 42,200 358,700 Randon SA Implementos e Participacoes 93,100 159,130 Suzano Papel e Celulose SA Class A 103,438 465,054 Telefonica Brasil SA 18,070 270,672 Unipar Carbocloro SA Class B 3,400 9,933 * Usinas Siderurgicas de Minas Gerais SA Class A 158,073 262,074 Vale SA 178,504 1,669,781 Vale SA Sponsored ADR 14,280 134,089 ----------- TOTAL BRAZIL 14,483,660 ----------- CHILE -- (0.0%) Coca-Cola Embonor SA Class B 6,694 16,432 Embotelladora Andina SA Class B 38,816 176,819 ----------- TOTAL CHILE 193,251 ----------- COLOMBIA -- (0.0%) Avianca Holdings SA 71,187 62,935 Banco Davivienda SA 12,267 139,261 Grupo Argos SA 3,950 25,821 Grupo de Inversiones Suramericana SA 9,048 125,078 ----------- TOTAL COLOMBIA 353,095 ----------- GERMANY -- (0.4%) Bayerische Motoren Werke AG 6,496 517,644 * Biotest AG 5,953 161,876 Draegerwerk AG & Co. KGaA 2,175 234,006 Fuchs Petrolub SE 8,076 479,435 Henkel AG & Co. KGaA 2,460 348,454 Jungheinrich AG 25,034 993,398 Porsche Automobil Holding SE 18,601 1,064,593 # Sartorius AG 6,416 606,407 Schaeffler AG 21,727 302,925 Sixt SE 6,915 392,752 STO SE & Co. KGaA 585 82,614 Villeroy & Boch AG 3,977 84,910 # Volkswagen AG 26,411 4,061,720 ----------- TOTAL GERMANY 9,330,734 ----------- INDIA -- (0.0%) * Vedanta, Ltd. 2,584,480 32,532 ----------- TOTAL PREFERRED STOCKS 24,393,272 ----------- RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Link Administration Holdings, Ltd. Rights 07/17/17 21,741 -- ----------- BRAZIL -- (0.0%) * Banco ABC Brasil SA Rights 08/03/17 913 877 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- BRAZIL -- (Continued) * Brasil Brokers Participacoes SA Rights 07/31/17 7,471 $ 24 -------------- TOTAL BRAZIL 901 -------------- CHILE -- (0.0%) * Grupo Security SA Rights 08/24/17 16,422 644 -------------- FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 46,251 -- -------------- SINGAPORE -- (0.0%) * Duty Free International, Ltd. Rights 05/13/22 17,080 290 -------------- SOUTH KOREA -- (0.0%) * Ssangyong Cement Industrial Co., Ltd. Rights 08/21/17 525 493 -------------- TAIWAN -- (0.0%) * Airtac International Group Rights 08/09/17 780 2,802 * Long Chen Paper Co., Ltd. Rights 08/14/17 2,862 426 -------------- TOTAL TAIWAN 3,228 -------------- THAILAND -- (0.0%) * Jay Mart PCL Warrants 06/05/19 30,774 3,403 * RS W3 Warrants 05/23/20 6,220 1,140 * Vibhavadi Medical Center PCL Warrants 06/14/22 67,608 -- -------------- TOTAL THAILAND 4,543 -------------- TURKEY -- (0.0%) * Boyner Perakende Ve Tekstil Yatirimlari A.S. Rights 09/11/17 669 5,688 -------------- TOTAL RIGHTS/WARRANTS 15,787 -------------- TOTAL INVESTMENT SECURITIES 2,541,186,735 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (4.9%) (S)@ DFA Short Term Investment Fund 11,278,053 130,509,630 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,343,179,821)^^ $2,671,696,365 ============== WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------------ ------- ------------ Common Stocks Australia $ 967,969 $112,777,214 -- $113,745,183 Austria -- 13,210,221 -- 13,210,221 Belgium 150,558 28,715,032 -- 28,865,590 Bermuda -- 14,695 -- 14,695 Brazil 33,743,232 -- -- 33,743,232 Canada 157,828,459 -- -- 157,828,459 Chile 7,998,848 -- -- 7,998,848 China 17,464,215 156,719,908 -- 174,184,123 Colombia 2,138,492 -- -- 2,138,492 Czech Republic -- 678,088 -- 678,088 Denmark 226,586 33,650,035 -- 33,876,621 Egypt -- 124,380 -- 124,380 Finland 131,794 33,218,477 -- 33,350,271 France 1,862,908 138,944,037 -- 140,806,945 Germany 2,872,020 136,938,176 -- 139,810,196 Greece 10,520 585,388 -- 595,908 Hong Kong 142,564 54,772,359 -- 54,914,923 Hungary -- 2,438,392 -- 2,438,392 India 931,418 74,157,999 -- 75,089,417 Indonesia 219,024 15,020,596 -- 15,239,620 Ireland 3,389,145 6,616,242 -- 10,005,387 Israel 1,352,096 11,747,314 -- 13,099,410 Italy 114,140 59,699,618 -- 59,813,758 Japan 2,784,038 438,525,866 -- 441,309,904 Malaysia 240,434 16,341,816 -- 16,582,250 Mexico 22,568,825 -- -- 22,568,825 Netherlands 5,764,927 47,912,429 -- 53,677,356 New Zealand -- 8,717,412 -- 8,717,412 Norway 144,732 16,221,936 -- 16,366,668 Peru 413,123 -- -- 413,123 Philippines 29,223 7,635,007 -- 7,664,230 Poland -- 10,467,942 -- 10,467,942 Portugal -- 4,948,326 -- 4,948,326 Russia 1,618,722 4,517,938 -- 6,136,660 Singapore -- 21,410,334 -- 21,410,334 South Africa 3,975,517 42,327,225 -- 46,302,742 South Korea 1,971,935 102,800,079 -- 104,772,014 Spain 870,853 52,589,292 -- 53,460,145 Sweden 1,185,109 54,601,088 -- 55,786,197 Switzerland 3,521,525 110,549,655 -- 114,071,180 Taiwan 5,052,625 89,171,537 -- 94,224,162 Thailand 15,786,327 39,003 -- 15,825,330 Turkey 41,231 9,519,104 -- 9,560,335 United Kingdom 69,698,446 230,673,570 -- 300,372,016 United States -- 568,366 -- 568,366 Preferred Stocks Brazil 14,483,660 -- -- 14,483,660 Chile 193,251 -- -- 193,251 Colombia 353,095 -- -- 353,095 Germany -- 9,330,734 -- 9,330,734 India -- 32,532 -- 32,532 Rights/Warrants Brazil -- 901 -- 901 WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED Chile -- 644 -- 644 Singapore -- 290 -- 290 South Korea -- 493 -- 493 Taiwan -- 3,228 -- 3,228 Thailand -- 4,543 -- 4,543 Turkey -- 5,688 -- 5,688 Securities Lending Collateral -- 130,509,630 -- 130,509,630 ------------ -------------- -- -------------- TOTAL $382,241,586 $2,289,454,779 -- $2,671,696,365 ============ ============== == ============== SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ------------ AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group Inc. 7,731,306 $154,316,871 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 9,491,436 129,368,276 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 3,121,334 67,264,741 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $288,926,887) $350,949,888 ============ SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Affiliated Investment Companies $350,949,888 -- -- $350,949,888 Futures Contracts** 335,035 -- -- 335,035 Forward Currency Contracts** -- $(2,306,646) -- (2,306,646) ------------ ----------- -- ------------ TOTAL $351,284,923 $(2,306,646) -- $348,978,277 ============ =========== == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. EMERGING MARKETS PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ -------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Emerging Markets Series of The DFA Investment Trust Company $6,300,586,675 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $4,366,020,012)^^ $6,300,586,675 ============== Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). EMERGING MARKETS SMALL CAP PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ -------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Emerging Markets Small Cap Series of The DFA Investment Trust Company $6,895,641,906 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $5,942,141,062)^^ $6,895,641,906 ============== Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). EMERGING MARKETS VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ --------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in Dimensional Emerging Markets Value Fund $19,264,506,700 --------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $17,108,984,908)^^ $19,264,506,700 =============== Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). EMERGING MARKETS CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ---------- ----------- COMMON STOCKS -- (92.8%) BRAZIL -- (5.2%) AES Tiete Energia SA(BZ8W2L7) 1,812,158 $ 8,170,648 AES Tiete Energia SA(BZ8W2J5) 681 618 * Aliansce Shopping Centers SA 1,095,920 5,904,230 Alupar Investimento SA 696,658 4,097,265 Ambev SA 1,591,620 9,774,247 Ambev SA ADR 12,857,514 78,173,685 Arezzo Industria e Comercio SA 483,231 5,733,656 * B2W Cia Digital 1,284,605 5,478,937 B3 SA - Brasil Bolsa Balcao 9,396,456 61,742,070 Banco Bradesco SA 4,153,633 40,159,711 Banco do Brasil SA 2,433,252 22,394,642 Banco Santander Brasil SA(05967A107) 140,666 1,143,615 Banco Santander Brasil SA(B4V5RY4) 1,020,349 8,347,075 BB Seguridade Participacoes SA 2,346,747 20,657,785 BR Malls Participacoes SA 6,365,394 26,944,763 BR Properties SA 70,694 221,036 * Brasil Brokers Participacoes SA 1,357,122 487,430 BrasilAgro - Co. Brasileira de Propriedades Agricolas 102,400 389,129 # Braskem SA Sponsored ADR 559,977 13,450,648 * BRF SA 2,135,621 25,284,887 #* BRF SA ADR 795,746 9,381,845 BTG Pactual Group 548,099 2,750,735 CCR SA 6,973,325 38,194,683 * Centrais Eletricas Brasileiras SA 1,080,600 4,678,147 * Cia Brasileira de Distribuicao 194,588 4,518,333 Cia de Locacao das Americas 14,900 54,853 Cia de Saneamento Basico do Estado de Sao Paulo 1,072,328 11,537,064 Cia de Saneamento Basico do Estado de Sao Paulo ADR 772,983 8,317,297 Cia de Saneamento de Minas Gerais-COPASA 660,658 8,978,686 Cia Energetica de Minas Gerais 413,339 1,155,841 # Cia Energetica de Minas Gerais Sponsored ADR 1,059,060 2,848,870 Cia Hering 1,565,352 10,787,569 Cia Paranaense de Energia 161,800 1,099,992 # Cia Paranaense de Energia Sponsored ADR 283,710 2,349,119 * Cia Siderurgica Nacional SA 2,985,755 7,295,991 #* Cia Siderurgica Nacional SA Sponsored ADR 3,613,990 8,818,136 Cielo SA 4,130,527 34,571,728 * Construtora Tenda SA 149,261 751,486 * Cosan Logistica SA 687,567 1,658,090 Cosan SA Industria e Comercio 524,027 6,066,469 CPFL Energia SA 750,220 6,462,042 CPFL Energia SA ADR 183,001 3,142,127 CSU Cardsystem SA 6,200 17,815 CVC Brasil Operadora e Agencia de Viagens SA 644,900 7,372,708 Cyrela Brazil Realty SA Empreendimentos e Participacoes 3,732,506 14,650,656 * Cyrela Commercial Properties SA Empreendimentos e Participacoes 15,734 50,456 Dimed SA Distribuidora da Medicamentos 1,500 211,891 Direcional Engenharia SA 1,277,926 2,323,614 Duratex SA 2,859,156 7,261,698 EcoRodovias Infraestrutura e Logistica SA 2,281,343 7,820,660 EDP - Energias do Brasil SA 3,432,592 15,818,092 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- BRAZIL -- (Continued) Embraer SA Sponsored ADR 1,223,739 $24,805,189 Energisa SA 143,400 1,145,048 Engie Brasil Energia SA 951,409 10,678,505 Equatorial Energia SA 2,028,258 36,879,192 Estacio Participacoes SA 1,812,334 11,856,146 * Eternit SA 1,148,420 475,079 * Even Construtora e Incorporadora SA 2,861,777 4,203,165 Ez Tec Empreendimentos e Participacoes SA 735,581 4,618,684 Fibria Celulose SA 767,951 8,146,558 Fibria Celulose SA Sponsored ADR 1,057,881 11,181,802 Fleury SA 1,176,126 11,326,203 Fras-Le SA 43,000 63,431 GAEC Educacao SA 272,953 1,487,156 * Gafisa SA 149,262 567,208 # Gafisa SA ADR 103,158 780,903 Gerdau SA 887,615 3,025,750 Gerdau SA Sponsored ADR 4,354,272 14,673,897 #* Gol Linhas Aereas Inteligentes SA ADR 78,092 1,107,345 Grendene SA 545,128 4,622,055 Guararapes Confeccoes SA 76,632 2,577,623 * Helbor Empreendimentos SA 1,754,034 1,259,973 Hypermarcas SA 1,416,949 12,718,394 Iguatemi Empresa de Shopping Centers SA 439,344 5,170,659 * International Meal Co. Alimentacao SA 586,776 1,411,266 Iochpe Maxion SA 1,358,893 7,355,850 Itau Unibanco Holding SA 1,213,793 12,876,127 JBS SA 6,615,014 16,334,154 * JHSF Participacoes SA 811,176 476,038 * Joao Fortes Engenharia SA 16,927 5,482 * JSL SA 523,218 1,300,348 * Kepler Weber SA 109,304 830,379 Klabin SA 2,584,807 13,262,434 Kroton Educacional SA 7,115,919 34,411,807 * Light SA 974,296 7,045,513 Linx SA 365,314 2,024,348 Localiza Rent a Car SA 1,276,430 21,244,157 Lojas Americanas SA 1,181,132 4,889,900 Lojas Renner SA 4,932,497 46,345,716 * LPS Brasil Consultoria de Imoveis SA 386,280 542,565 M Dias Branco SA 646,407 10,522,109 Magazine Luiza SA 47,800 5,623,764 Magnesita Refratarios SA 321,410 3,597,167 Mahle-Metal Leve SA 463,500 2,528,303 Marcopolo SA 101,500 83,001 * Marfrig Global Foods SA 3,281,673 6,756,246 * Marisa Lojas SA 443,921 839,910 * Mills Estruturas e Servicos de Engenharia SA 766,563 978,377 Minerva SA 917,184 3,647,147 MRV Engenharia e Participacoes SA 3,873,155 17,798,615 Multiplan Empreendimentos Imobiliarios SA 359,305 8,282,214 Multiplus SA 550,448 7,023,691 Natura Cosmeticos SA 1,474,900 11,848,011 Odontoprev SA 2,410,820 10,058,129 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- BRAZIL -- (Continued) * Paranapanema SA 1,512,631 $ 785,820 * Petro Rio SA 13,400 160,799 * Petroleo Brasileiro SA 5,190,673 22,970,894 * Petroleo Brasileiro SA Sponsored ADR 1,709,461 15,060,351 Porto Seguro SA 1,013,053 10,233,351 Portobello SA 475,900 578,402 Profarma Distribuidora de Produtos Farmaceuticos * SA 55,080 139,363 * Prumo Logistica SA 182,954 645,371 QGEP Participacoes SA 1,184,057 2,764,262 Qualicorp SA 2,607,965 27,431,575 Raia Drogasil SA 1,358,025 30,049,137 * Restoque Comercio e Confeccoes de Roupas SA 96,046 1,139,611 * Rodobens Negocios Imobiliarios SA 142,921 251,619 * Rumo SA 3,255,810 10,795,798 * Santos Brasil Participacoes SA 2,093,225 1,423,072 Sao Carlos Empreendimentos e Participacoes SA 13,200 145,023 Sao Martinho SA 1,640,461 9,237,736 Ser Educacional SA 253,089 2,076,915 SLC Agricola SA 735,298 5,130,946 Smiles SA 565,691 11,807,792 Sonae Sierra Brasil SA 204,418 1,307,132 * Springs Global Participacoes SA 17,200 56,481 Sul America SA 2,375,714 13,370,462 T4F Entretenimento SA 101,600 203,633 Technos SA 132,216 176,381 * Tecnisa SA 1,841,425 1,381,799 Tegma Gestao Logistica SA 32,700 153,729 Telefonica Brasil SA ADR 478,639 7,122,148 * Terra Santa Agro SA 5,300 29,199 Tim Participacoes SA 3,318,337 11,322,368 Tim Participacoes SA ADR 307,211 5,182,650 Totvs SA 1,118,969 10,765,010 * TPI - Triunfo Participacoes e Investimentos SA 510,927 661,935 Transmissora Alianca de Energia Eletrica SA 1,812,356 13,495,248 Tupy SA 151,597 719,494 Ultrapar Participacoes SA 2,067,950 49,073,484 # Ultrapar Participacoes SA Sponsored ADR 75,617 1,789,854 * Usinas Siderurgicas de Minas Gerais SA 237,644 791,804 Vale SA 3,300,503 33,128,335 Vale SA Sponsored ADR 1,912,521 19,182,586 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 768,293 4,156,398 Via Varejo SA 679,820 3,137,111 WEG SA 1,629,488 9,897,062 Wiz Solucoes e Corretagem de Seguros SA 398,239 2,528,623 -------------- TOTAL BRAZIL 1,345,276,266 -------------- CHILE -- (1.3%) AES Gener SA 12,990,824 4,827,151 Aguas Andinas SA Class A 17,407,625 10,983,475 Banco de Chile 37,471,200 5,420,663 Banco de Chile ADR 103,153 8,817,502 Banco de Credito e Inversiones 180,413 10,887,973 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- CHILE -- (Continued) Banco Santander Chile ADR 554,122 $15,665,028 Banmedica SA 876,665 2,133,143 Besalco SA 1,829,579 1,858,327 CAP SA 1,141,814 12,036,852 Cementos BIO BIO SA 180,149 231,698 Cencosud SA 4,338,019 12,347,989 Cia Cervecerias Unidas SA 339,280 4,522,184 # Cia Cervecerias Unidas SA Sponsored ADR 224,981 5,986,744 * Cia Sud Americana de Vapores SA 118,803,521 5,512,437 Clinica LAS Condes SA 309 15,785 Colbun SA 36,019,388 8,425,718 Cristalerias de Chile SA 59,157 617,266 Embotelladora Andina SA Class A ADR 2,422 59,727 Embotelladora Andina SA Class B ADR 68,166 1,863,658 Empresa Nacional de Telecomunicaciones SA 1,232,822 14,037,843 * Empresas AquaChile SA 504,971 252,567 Empresas CMPC SA 5,706,159 14,577,362 Empresas COPEC SA 1,214,062 14,808,870 Empresas Hites SA 1,256,063 1,449,772 * Empresas La Polar SA 9,305,847 1,050,755 Enel Americas SA 21,481,425 4,338,006 Enel Americas SA ADR 2,330,101 23,301,006 Enel Chile SA(BYMLZD6) 15,150,378 1,651,925 Enel Chile SA(29278D105) 2,044,326 11,182,463 Enel Generacion Chile SA 7,852,425 6,114,786 # Enel Generacion Chile SA ADR 215,928 5,035,441 Engie Energia Chile SA 4,293,250 9,349,096 * Enjoy SA 555,152 38,685 Forus SA 571,195 2,056,879 Grupo Security SA 1,068,971 404,695 Inversiones Aguas Metropolitanas SA 4,275,982 7,468,935 Inversiones La Construccion SA 171,575 2,297,181 # Itau CorpBanca(45033E105) 72,474 1,050,873 Itau CorpBanca(BYT25P4) 965,806,235 9,155,829 Latam Airlines Group SA 121,449 1,426,833 # Latam Airlines Group SA Sponsored ADR 1,591,949 18,673,562 * Masisa SA 14,958,469 1,116,493 Molibdenos y Metales SA 84,984 895,236 Multiexport Foods SA 3,185,903 1,036,979 Parque Arauco SA 4,862,362 12,781,670 PAZ Corp. SA 1,360,626 1,620,715 Ripley Corp. SA 6,678,497 5,704,252 SACI Falabella 1,611,420 14,887,389 Salfacorp SA 1,380,161 1,820,277 Sigdo Koppers SA 1,777,003 2,707,332 Sociedad Matriz SAAM SA 19,898,198 2,126,733 Sociedad Quimica y Minera de Chile SA Sponsored ADR 302,188 12,422,949 Socovesa SA 1,410,294 740,101 Sonda SA 2,787,536 5,297,172 Vina Concha y Toro SA 2,702,106 4,353,876 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ CHILE -- (Continued) Vina Concha y Toro SA Sponsored ADR 28,598 $ 899,407 ------------ TOTAL CHILE 330,347,265 ------------ CHINA -- (16.7%) * 21Vianet Group, Inc. ADR 278,761 1,243,274 361 Degrees International, Ltd. 5,350,000 1,882,189 * 3SBio, Inc. 685,500 859,406 #* 500.com, Ltd. Class A ADR 123,377 1,464,485 #* 51job, Inc. ADR 62,429 3,075,253 #* 58.com, Inc. ADR 294,532 15,035,859 * A8 New Media Group, Ltd. 3,286,000 187,084 AAC Technologies Holdings, Inc. 1,742,500 23,408,154 # Agile Group Holdings, Ltd. 12,022,465 14,293,099 Agricultural Bank of China, Ltd. Class H 45,690,460 21,311,960 Air China, Ltd. Class H 9,934,000 8,959,159 Ajisen China Holdings, Ltd. 2,852,000 1,232,715 #* Alibaba Group Holding, Ltd. Sponsored ADR 1,045,781 162,043,766 #* Alibaba Pictures Group, Ltd. 33,920,000 5,729,778 * Aluminum Corp. of China, Ltd. ADR 225,375 3,560,925 #* Aluminum Corp. of China, Ltd. Class H 7,080,000 4,435,772 AMVIG Holdings, Ltd. 1,688,000 490,792 # Angang Steel Co., Ltd. Class H 5,323,160 4,314,167 Anhui Conch Cement Co., Ltd. Class H 5,476,000 20,230,005 Anhui Expressway Co., Ltd. Class H 2,416,000 1,823,104 Anta Sports Products, Ltd. 4,947,000 16,959,862 #* Anton Oilfield Services Group 11,616,000 1,113,738 * Anxin-China Holdings, Ltd. 13,373,000 123,615 * Art Group Holdings, Ltd. 455,000 34,357 # Asia Cement China Holdings Corp. 2,897,500 978,546 #* Asian Citrus Holdings, Ltd. 3,478,000 50,094 Ausnutria Dairy Corp., Ltd. 67,000 27,534 #* AVIC International Holding HK, Ltd. 8,896,000 438,690 AVIC International Holdings, Ltd. Class H 1,386,000 711,130 # AviChina Industry & Technology Co., Ltd. Class H 12,985,212 7,956,242 # BAIC Motor Corp., Ltd. Class H 6,536,500 5,876,307 * Baidu, Inc. Sponsored ADR 252,252 57,097,240 BAIOO Family Interactive, Ltd. 4,356,000 345,793 Bank of China, Ltd. Class H 150,583,702 74,058,945 Bank of Chongqing Co., Ltd. Class H 2,261,000 1,959,103 Bank of Communications Co., Ltd. Class H 14,957,618 11,063,951 * Baoye Group Co., Ltd. Class H 1,544,440 1,197,356 #* Baozun, Inc. Sponsored ADR 38,456 1,248,282 # BBMG Corp. Class H 7,726,404 3,889,551 Beijing Capital International Airport Co., Ltd. Class H 8,324,000 13,100,502 Beijing Capital Land, Ltd. Class H 8,596,000 4,530,495 #* Beijing Enterprises Environment Group, Ltd. 702,000 107,714 Beijing Enterprises Holdings, Ltd. 2,467,028 13,092,618 #* Beijing Enterprises Medical & Health Group, Ltd. 11,556,000 724,534 Beijing Enterprises Water Group, Ltd. 18,756,469 15,563,864 Beijing Jingneng Clean Energy Co., Ltd. Class H 8,558,000 2,473,676 # Beijing North Star Co., Ltd. Class H 4,802,000 1,947,256 #* Beijing Properties Holdings, Ltd. 5,128,967 242,744 Beijing Urban Construction Design & Development Group Co., Ltd. Class H 896,000 590,230 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ CHINA -- (Continued) # BEP International Holdings, Ltd. 710,000 $ 18,691 # Best Pacific International Holdings, Ltd. 1,960,000 1,071,044 * Besunyen Holdings Co., Ltd. 230,000 17,361 #* Bitauto Holdings, Ltd. ADR 238,687 7,542,509 # Bloomage Biotechnology Corp., Ltd. 892,500 1,670,885 #* Boer Power Holdings, Ltd. 2,188,000 641,080 Bosideng International Holdings, Ltd. 17,808,157 1,571,907 #* Boyaa Interactive International, Ltd. 2,195,000 900,800 # Brilliance China Automotive Holdings, Ltd. 5,568,000 14,087,141 Brilliant Circle Holdings International, Ltd. 60,000 9,054 # Byd Co., Ltd. Class H 1,964,300 12,225,746 BYD Electronic International Co., Ltd. 5,862,222 14,787,682 * C C Land Holdings, Ltd. 13,369,530 3,043,970 #* C.banner International Holdings, Ltd. 1,094,000 438,191 Cabbeen Fashion, Ltd. 1,829,000 503,004 # Canvest Environmental Protection Group Co., Ltd. 2,481,000 1,355,815 * Capital Environment Holdings, Ltd. 2,880,000 110,504 #* CAR, Inc. 5,847,000 5,089,542 Carrianna Group Holdings Co., Ltd. 1,640,877 193,200 CECEP COSTIN New Materials Group, Ltd. 2,583,000 37,203 #* Central China Real Estate, Ltd. 5,149,074 1,548,537 # Central China Securities Co., Ltd. Class H 3,158,000 1,436,673 * Century Sunshine Group Holdings, Ltd. 12,975,000 448,984 #* CGN Meiya Power Holdings Co., Ltd. 6,994,000 1,011,125 # CGN Power Co., Ltd. Class H 22,347,000 6,115,836 Changshouhua Food Co., Ltd. 1,543,000 769,620 #* Changyou.com, Ltd. ADR 58,570 2,479,268 Chaowei Power Holdings, Ltd. 4,878,000 2,764,058 * Cheetah Mobile, Inc. ADR 89,537 988,488 * Chigo Holding, Ltd. 22,124,000 277,513 China Aerospace International Holdings, Ltd. 14,962,600 1,913,777 China Agri-Industries Holdings, Ltd. 15,350,800 6,871,639 # China Aircraft Leasing Group Holdings, Ltd. 605,000 706,817 # China All Access Holdings, Ltd. 3,760,000 1,106,797 China Aluminum Cans Holdings, Ltd. 94,000 15,033 * China Animal Healthcare, Ltd. 1,485,000 185,368 # China Animation Characters Co., Ltd. 2,781,000 1,107,177 China Aoyuan Property Group, Ltd. 8,675,000 3,714,968 China BlueChemical, Ltd. Class H 12,095,122 3,407,949 * China Chengtong Development Group, Ltd. 546,000 32,096 China Cinda Asset Management Co., Ltd. Class H 46,459,000 19,304,027 China CITIC Bank Corp., Ltd. Class H 18,185,607 11,787,690 * China City Railway Transportation Technology Holdings Co., Ltd. 1,168,000 161,249 # China Coal Energy Co., Ltd. Class H 9,643,168 4,760,048 China Communications Construction Co., Ltd. Class H 12,911,387 17,196,432 China Communications Services Corp., Ltd. Class H 12,633,327 6,862,037 China Conch Venture Holdings, Ltd. 1,645,500 3,057,341 China Construction Bank Corp. Class H 243,058,302 201,814,817 China Datang Corp. Renewable Power Co., Ltd. Class H 11,874,000 1,412,341 China Dongxiang Group Co., Ltd. 19,579,888 3,632,196 #* China Dynamics Holdings, Ltd. 7,940,000 157,422 China Eastern Airlines Corp., Ltd. Class H 7,380,000 4,066,786 # China Electronics Corp. Holdings Co., Ltd. 2,226,000 321,418 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CHINA -- (Continued) # China Electronics Optics Valley Union Holding Co., Ltd. 3,968,000 $ 355,316 * China Energine International Holdings, Ltd. 2,588,000 208,197 # China Energy Engineering Corp., Ltd. Class H 1,676,000 306,697 * China Environmental Technology and Bioenergy Holdings, Ltd. 3,420,000 90,136 China Everbright Bank Co., Ltd. Class H 12,882,000 6,245,987 China Everbright International, Ltd. 8,479,000 11,056,724 China Everbright, Ltd. 6,538,896 14,891,509 #* China Evergrande Group 29,448,000 81,900,378 * China Fiber Optic Network System Group, Ltd. 4,584,800 154,083 China Financial Services Holdings, Ltd. 1,424,000 125,737 * China Fire Safety Enterprise Group, Ltd. 3,220,000 179,163 * China First Capital Group, Ltd. 1,340,000 563,178 China Foods, Ltd. 7,186,000 3,308,154 * China Fordoo Holdings, Ltd. 411,000 306,203 China Galaxy Securities Co., Ltd. Class H 7,755,500 6,830,108 China Gas Holdings, Ltd. 7,434,000 17,981,825 * China Glass Holdings, Ltd. 4,226,000 389,211 #* China Grand Pharmaceutical and Healthcare Holdings, Ltd. Class A 1,636,000 442,173 China Greenfresh Group Co., Ltd. 1,990,000 374,386 # China Greenland Broad Greenstate Group Co., Ltd. 5,416,000 1,360,396 # China Hanking Holdings, Ltd. 3,370,000 470,116 #* China Harmony New Energy Auto Holding, Ltd. 5,013,000 2,415,111 #* China High Precision Automation Group, Ltd. 1,360,000 39,829 # China High Speed Transmission Equipment Group Co., Ltd. 1,598,000 1,725,396 # China Hongqiao Group, Ltd. 7,359,500 4,981,994 * China Household Holdings, Ltd. 3,080,000 201,106 # China Huarong Asset Management Co., Ltd. Class H 2,845,000 1,161,484 # China Huishan Dairy Holdings Co., Ltd. 5,968,000 5,968 #* China Huiyuan Juice Group, Ltd. 4,696,000 1,459,939 China International Capital Corp., Ltd. Class H 984,800 1,566,937 # China International Marine Containers Group Co., Ltd. Class H 1,207,200 2,523,172 * China ITS Holdings Co., Ltd. 2,795,096 214,647 China Jinmao Holdings Group, Ltd. 26,666,976 12,378,266 # China Lesso Group Holdings, Ltd. 6,800,000 4,792,558 # China Life Insurance Co., Ltd. ADR 881,250 13,994,250 China Life Insurance Co., Ltd. Class H 1,838,000 5,808,914 China Lilang, Ltd. 3,331,000 2,233,644 * China Longevity Group Co., Ltd. 893,399 29,396 China Longyuan Power Group Corp., Ltd. Class H 10,731,000 7,847,965 #* China LotSynergy Holdings, Ltd. 13,040,000 246,912 China Machinery Engineering Corp. Class H 4,545,000 3,071,068 # China Maple Leaf Educational Systems, Ltd. 3,728,000 2,985,769 China Medical System Holdings, Ltd. 6,795,800 11,593,258 China Meidong Auto Holdings, Ltd. 204,000 70,005 China Mengniu Dairy Co., Ltd. 6,535,000 12,718,448 China Merchants Bank Co., Ltd. Class H 12,587,646 41,332,013 # China Merchants Land, Ltd. 8,770,000 1,871,452 China Merchants Port Holdings Co., Ltd. 5,610,901 17,614,564 China Merchants Securities Co., Ltd. Class H 275,800 435,478 China Minsheng Banking Corp., Ltd. Class H 12,770,800 12,834,767 China Mobile, Ltd. 10,380,500 110,958,695 China Mobile, Ltd. Sponsored ADR 1,997,961 106,751,056 # China Molybdenum Co., Ltd. Class H 6,174,000 3,355,093 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) # China National Building Material Co., Ltd. Class H 20,330,000 $12,401,927 China National Materials Co., Ltd. Class H 7,739,000 3,137,006 * China New Town Development Co., Ltd. 6,821,177 296,893 # China NT Pharma Group Co., Ltd. 3,731,000 811,087 #* China Ocean Resources Co., Ltd. 607,045 406,848 China Oil & Gas Group, Ltd. 28,520,000 1,970,154 China Oilfield Services, Ltd. Class H 5,890,000 5,018,267 China Overseas Grand Oceans Group, Ltd. 6,199,000 3,633,253 China Overseas Land & Investment, Ltd. 11,918,033 40,375,771 # China Overseas Property Holdings, Ltd. 10,621,344 1,929,034 China Pacific Insurance Group Co., Ltd. Class H 3,832,665 16,887,494 China Packaging Holdings Development, Ltd. 1,655,000 442,526 China Petroleum & Chemical Corp. ADR 211,889 16,143,808 China Petroleum & Chemical Corp. Class H 65,522,400 49,670,422 China Pioneer Pharma Holdings, Ltd. 2,721,000 881,634 # China Power Clean Energy Development Co., Ltd. 2,737,500 1,701,337 China Power International Development, Ltd. 16,513,200 5,660,361 * China Properties Group, Ltd. 2,545,000 641,009 China Railway Construction Corp., Ltd. Class H 8,946,187 11,807,219 China Railway Group, Ltd. Class H 8,144,000 6,471,556 China Railway Signal & Communication Corp., Ltd. Class H 2,508,000 1,959,810 #* China Rare Earth Holdings, Ltd. 9,834,399 753,535 China Reinsurance Group Corp. Class H 4,458,000 1,043,576 China Resources Beer Holdings Co., Ltd. 7,353,661 18,568,703 China Resources Cement Holdings, Ltd. 12,544,946 7,462,544 China Resources Gas Group, Ltd. 4,574,000 17,322,441 China Resources Land, Ltd. 12,574,610 40,350,756 # China Resources Phoenix Healthcare Holdings Co., Ltd. 1,091,000 1,377,606 China Resources Power Holdings Co., Ltd. 6,500,820 12,378,393 #* China Ruifeng Renewable Energy Holdings, Ltd. 4,172,000 368,116 * China Rundong Auto Group, Ltd. 85,000 45,862 * China Saite Group Co., Ltd. 516,000 38,275 China Sanjiang Fine Chemicals Co., Ltd. 3,379,000 1,066,735 China SCE Property Holdings, Ltd. 13,938,400 6,815,269 * China Shanshui Cement Group, Ltd. 1 1 #* China Shengmu Organic Milk, Ltd. 4,225,000 778,554 China Shenhua Energy Co., Ltd. Class H 11,561,000 28,757,073 China Shineway Pharmaceutical Group, Ltd. 1,767,000 1,767,503 # China Silver Group, Ltd. 5,934,000 1,093,639 # China Singyes Solar Technologies Holdings, Ltd. 4,089,159 1,552,886 # China South City Holdings, Ltd. 23,572,711 5,125,885 China Southern Airlines Co., Ltd. Class H 7,742,000 5,892,928 China Southern Airlines Co., Ltd. Sponsored ADR 41,944 1,599,325 China Starch Holdings, Ltd. 8,630,000 259,418 China State Construction International Holdings, Ltd. 8,943,520 14,429,470 China Sunshine Paper Holdings Co., Ltd. 175,500 47,394 China Suntien Green Energy Corp., Ltd. Class H 8,964,000 1,892,660 * China Taifeng Beddings Holdings, Ltd. 1,662,000 43,088 China Taiping Insurance Holdings Co., Ltd. 6,296,930 18,908,269 # China Telecom Corp., Ltd. ADR 136,139 6,503,360 China Telecom Corp., Ltd. Class H 10,860,000 5,162,105 # China Tian Lun Gas Holdings, Ltd. 655,500 400,376 # China Traditional Chinese Medicine Holdings Co., Ltd. 8,580,000 4,553,194 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) # China Travel International Investment Hong Kong, Ltd. 17,397,892 $ 5,166,469 * China Unicom Hong Kong, Ltd. 28,462,000 41,250,584 #* China Unicom Hong Kong, Ltd. ADR 1,125,159 16,404,818 * China Vanadium Titano - Magnetite Mining Co., Ltd. 544,000 21,569 China Vanke Co., Ltd. Class H 5,762,100 16,977,622 # China Vast Industrial Urban Development Co., Ltd. 334,000 132,868 # China Water Affairs Group, Ltd. 5,050,000 2,753,434 #* China Water Industry Group, Ltd. 4,104,000 892,728 China Wood Optimization Holding, Ltd. 1,520,000 420,367 China XLX Fertiliser, Ltd. 83,000 21,921 #* China Yurun Food Group, Ltd. 9,355,000 1,209,165 China ZhengTong Auto Services Holdings, Ltd. 5,150,500 5,080,913 # China Zhongwang Holdings, Ltd. 11,303,579 5,624,785 # Chinasoft International, Ltd. 8,382,000 4,593,182 * Chinese People Holdings Co., Ltd. 11,215,071 129,006 Chongqing Machinery & Electric Co., Ltd. Class H 7,739,962 999,541 Chongqing Rural Commercial Bank Co., Ltd. Class H 17,804,000 13,118,137 * Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd. 2,446,000 319,151 Chu Kong Shipping Enterprise Group Co., Ltd. 166,000 40,973 # CIFI Holdings Group Co., Ltd. 18,368,000 10,451,859 #* CIMC Enric Holdings, Ltd. 3,660,000 2,619,448 * CITIC Dameng Holdings, Ltd. 1,382,000 82,187 # CITIC Resources Holdings, Ltd. 16,420,000 1,847,921 CITIC Securities Co., Ltd. Class H 5,150,500 10,442,379 CITIC, Ltd. 12,384,567 18,816,863 # Citychamp Watch & Jewellery Group, Ltd. 8,930,000 1,930,227 Clear Media, Ltd. 268,000 315,779 CNOOC, Ltd. 13,334,000 14,924,273 # CNOOC, Ltd. Sponsored ADR 229,136 25,766,343 * Coastal Greenland, Ltd. 3,432,000 101,763 #* Cogobuy Group 2,094,000 1,246,895 # Colour Life Services Group Co., Ltd. 1,645,000 1,162,617 Comba Telecom Systems Holdings, Ltd. 9,874,210 1,353,072 #* Comtec Solar Systems Group, Ltd. 4,506,000 164,489 Concord New Energy Group, Ltd. 32,465,909 1,390,359 Consun Pharmaceutical Group, Ltd. 2,154,000 1,745,366 #* Coolpad Group, Ltd. 26,594,000 1,861,580 * COSCO SHIPPING Development Co., Ltd. Class H 7,454,300 1,763,660 COSCO SHIPPING Energy Transportation Co., Ltd. Class H 8,680,000 4,882,457 #* COSCO SHIPPING Holdings Co., Ltd. Class H 6,179,000 3,832,180 COSCO SHIPPING International Hong Kong Co., Ltd. 2,258,000 953,682 COSCO SHIPPING Ports, Ltd. 9,420,402 11,522,883 * Coslight Technology International Group Co., Ltd. 1,114,000 500,412 # Cosmo Lady China Holdings Co., Ltd. 3,880,000 1,448,933 Country Garden Holdings Co., Ltd. 25,391,660 35,450,535 CP Pokphand Co., Ltd. 25,049,658 2,339,873 CPMC Holdings, Ltd. 2,106,000 1,042,442 # CRCC High-Tech Equipment Corp., Ltd. Class H 663,000 239,920 # CRRC Corp., Ltd. Class H 7,863,324 7,019,298 CSPC Pharmaceutical Group, Ltd. 20,768,000 32,363,296 # CSSC Offshore and Marine Engineering Group Co., Ltd. Class H 374,000 643,613 # CT Environmental Group, Ltd. 16,416,000 2,939,327 * Ctrip.com International, Ltd. ADR 443,516 26,491,211 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Da Ming International Holdings, Ltd. 34,000 $ 14,267 * DaChan Food Asia, Ltd. 1,513,087 131,733 Dah Chong Hong Holdings, Ltd. 5,571,000 2,865,592 Dali Foods Group Co., Ltd. 7,369,500 4,443,006 Dalian Port PDA Co., Ltd. Class H 8,145,399 1,490,077 #* Daphne International Holdings, Ltd. 6,388,000 572,360 #* Datang International Power Generation Co., Ltd. Class H 10,094,000 3,434,387 # Dawnrays Pharmaceutical Holdings, Ltd. 2,325,491 1,398,994 #* DBA Telecommunication Asia Holdings, Ltd. 1,020,000 8,567 #* Differ Group Holding Co., Ltd. 5,504,000 408,483 #* Digital China Holdings, Ltd. 5,460,000 3,583,675 #* Dongfang Electric Corp., Ltd. Class H 1,207,600 1,282,973 Dongfeng Motor Group Co., Ltd. Class H 10,862,000 13,294,637 # Dongjiang Environmental Co., Ltd. Class H 978,395 1,404,849 Dongyue Group, Ltd. 6,893,000 3,212,286 # Dynagreen Environmental Protection Group Co., Ltd. Class H 2,151,000 1,062,087 #* Dynasty Fine Wines Group, Ltd. 1,708,000 59,041 #* eHi Car Services, Ltd. Sponsored ADR 25,972 246,215 Embry Holdings, Ltd. 509,000 162,963 ENN Energy Holdings, Ltd. 2,561,000 17,386,224 Essex Bio-technology, Ltd. 70,000 38,073 EVA Precision Industrial Holdings, Ltd. 5,662,516 804,025 Everbright Securities Co., Ltd. Class H 148,200 200,952 * EverChina International Holdings Co., Ltd. 17,957,500 568,705 * Evergreen International Holdings, Ltd. 1,091,000 90,817 * Extrawell Pharmaceutical Holdings, Ltd. 362,079 6,447 Fantasia Holdings Group Co., Ltd. 13,172,519 1,920,513 Far East Horizon, Ltd. 5,784,000 4,927,783 #* Feiyu Technology International Co., Ltd. 994,500 146,165 # First Tractor Co., Ltd. Class H 1,592,000 757,278 * Forgame Holdings, Ltd. 181,000 333,583 # Fosun International, Ltd. 5,634,620 8,531,825 # Fu Shou Yuan International Group, Ltd. 6,141,000 3,779,142 # Fufeng Group, Ltd. 9,582,800 5,855,700 #* Fuguiniao Co., Ltd. Class H 782,600 72,892 # Fullshare Holdings, Ltd. 17,172,518 6,858,643 # Future Land Development Holdings, Ltd. 14,000,000 5,822,138 Fuyao Glass Industry Group Co., Ltd. Class H 1,107,200 3,768,780 #* GCL-Poly Energy Holdings, Ltd. 85,861,320 9,113,801 Geely Automobile Holdings, Ltd. 22,910,000 52,902,137 Gemdale Properties & Investment Corp., Ltd. 1,014,000 102,403 GF Securities Co., Ltd. Class H 1,345,400 2,710,317 * Glorious Property Holdings, Ltd. 16,704,712 1,880,861 Goldbond Group Holdings, Ltd. 650,000 14,697 # Golden Eagle Retail Group, Ltd. 2,972,000 3,844,767 Golden Throat Holdings Group Co., Ltd. 931,500 320,835 Goldlion Holdings, Ltd. 881,866 384,848 # Goldpac Group, Ltd. 1,488,000 491,136 # GOME Electrical Appliances Holding, Ltd. 84,671,660 10,182,334 * Good Friend International Holdings, Inc. 487,333 119,718 #* Grand Baoxin Auto Group, Ltd. 1,940,864 987,093 # Great Wall Motor Co., Ltd. Class H 14,317,750 18,337,706 Greatview Aseptic Packaging Co., Ltd. 5,583,000 3,214,928 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ CHINA -- (Continued) Greenland Hong Kong Holdings, Ltd. 6,309,275 $ 2,338,263 # Greentown China Holdings, Ltd. 5,443,000 6,988,923 Guangdong Investment, Ltd. 9,950,000 14,002,028 * Guangdong Land Holdings, Ltd. 3,385,361 745,265 Guangdong Yueyun Transportation Co., Ltd. Class H 1,292,000 843,340 Guangshen Railway Co., Ltd. Class H 3,334,000 1,715,353 Guangshen Railway Co., Ltd. Sponsored ADR 68,574 1,766,466 Guangzhou Automobile Group Co., Ltd. Class H 2,424,350 5,209,697 Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H 366,000 964,535 Guangzhou R&F Properties Co., Ltd. Class H 8,256,332 14,740,938 * Guodian Technology & Environment Group Corp., Ltd. Class H 3,279,000 230,868 Guolian Securities Co., Ltd. Class H 205,500 103,780 # Guorui Properties, Ltd. 487,000 147,694 * Haichang Ocean Park Holdings, Ltd. 1,996,000 431,779 Haier Electronics Group Co., Ltd. 4,827,000 12,429,421 Haitian International Holdings, Ltd. 3,533,000 10,121,130 Haitong Securities Co., Ltd. Class H 7,057,200 11,239,509 * Hanergy Thin Film Power Group, Ltd. 37,310,000 187,133 * Harbin Bank Co., Ltd. Class H 441,000 140,427 # Harbin Electric Co., Ltd. Class H 4,702,587 2,585,667 # Harmonicare Medical Holdings, Ltd. 865,000 386,328 # HC International, Inc. 794,000 575,830 #* Health and Happiness H&H International Holdings, Ltd. 1,752,000 5,657,115 Henderson Investment, Ltd. 660,000 56,567 Hengan International Group Co., Ltd. 3,543,622 27,020,594 * Hengdeli Holdings, Ltd. 14,452,800 1,460,421 * Hengshi Mining Investments, Ltd. 187,000 51,679 #* Hi Sun Technology China, Ltd. 4,776,000 878,677 # Hilong Holding, Ltd. 4,871,000 833,474 Hisense Kelon Electrical Holdings Co., Ltd. Class H 795,000 1,136,442 HKC Holdings, Ltd. 1,009,088 786,631 #* HNA Holding Group Co., Ltd. 23,990,000 859,632 HNA Infrastructure Co., Ltd. Class H 629,000 509,099 * Honghua Group, Ltd. 12,937,000 1,158,720 Honworld Group, Ltd. 411,000 208,805 Hopefluent Group Holdings, Ltd. 897,973 366,433 Hopewell Highway Infrastructure, Ltd. 3,821,028 2,347,108 # Hopson Development Holdings, Ltd. 4,530,000 4,346,736 # HOSA International, Ltd. 1,696,000 525,222 #* Hua Han Health Industry Holdings, Ltd. 22,424,041 285,368 Hua Hong Semiconductor, Ltd. 551,000 746,610 # Huadian Fuxin Energy Corp., Ltd. Class H 12,930,000 2,860,692 Huadian Power International Corp., Ltd. Class H 5,996,000 2,530,786 Huaneng Power International, Inc. Class H 4,942,000 3,483,585 # Huaneng Power International, Inc. Sponsored ADR 105,617 3,004,804 Huaneng Renewables Corp., Ltd. Class H 32,518,000 9,898,818 Huatai Securities Co., Ltd. Class H 2,286,000 4,586,716 Huazhang Technology Holding, Ltd. 174,000 104,286 Huishang Bank Corp., Ltd. Class H 2,374,000 1,155,098 * Huiyin Smart Community Co., Ltd. 304,000 31,857 * Hydoo International Holding, Ltd. 304,000 35,017 #* IMAX China Holding, Inc. 529,400 1,398,201 Industrial & Commercial Bank of China, Ltd. Class H 185,963,725 129,943,450 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) # Inner Mongolia Yitai Coal Co., Ltd. Class H 40,100 $ 40,946 Inspur International, Ltd. 2,056,000 460,644 * JD.com, Inc. ADR 395,650 17,871,510 # Jiangnan Group, Ltd. 11,284,000 851,713 Jiangsu Expressway Co., Ltd. Class H 4,124,000 5,983,401 Jiangxi Copper Co., Ltd. Class H 4,831,000 8,806,255 * Jinchuan Group International Resources Co., Ltd. 540,000 62,130 #* JinkoSolar Holding Co., Ltd. ADR 169,472 4,680,817 # Joy City Property, Ltd. 6,132,000 901,725 Ju Teng International Holdings, Ltd. 5,954,090 2,399,172 K Wah International Holdings, Ltd. 2,422,943 1,456,115 * Kai Yuan Holdings, Ltd. 16,790,000 135,269 #* Kaisa Group Holdings, Ltd. 11,082,684 4,237,125 # Kangda International Environmental Co., Ltd. 2,805,000 552,514 * Kasen International Holdings, Ltd. 3,492,000 576,441 # Kingboard Chemical Holdings, Ltd. 4,804,666 21,631,222 Kingboard Laminates Holdings, Ltd. 6,378,984 8,889,967 #* Kingdee International Software Group Co., Ltd. 7,745,600 3,217,650 Kingsoft Corp., Ltd. 1,715,000 4,511,363 #* Koradior Holdings, Ltd. 630,000 555,764 #* KuangChi Science, Ltd. 476,000 166,879 # Kunlun Energy Co., Ltd. 18,306,000 18,248,833 KWG Property Holding, Ltd.(B1YBF00) 10,022,144 7,437,154 KWG Property Holding, Ltd.(BP3RW40) 263,500 195,536 * Labixiaoxin Snacks Group, Ltd. 1,901,000 172,914 Lai Fung Holdings, Ltd. 26,579,519 815,853 Le Saunda Holdings, Ltd. 1,385,800 264,437 Lee & Man Chemical Co., Ltd. 821,339 466,519 Lee & Man Paper Manufacturing, Ltd. 9,789,200 10,425,020 Lee's Pharmaceutical Holdings, Ltd. 793,000 627,707 Legend Holdings Corp. Class H 80,200 209,738 Lenovo Group, Ltd. 41,860,000 25,892,373 Leoch International Technology, Ltd. 2,348,000 513,790 #* Leyou Technologies Holdings, Ltd. 11,370,000 2,778,618 * Li Ning Co., Ltd. 4,023,083 3,168,981 #* Lianhua Supermarket Holdings Co., Ltd. Class H 2,196,200 892,351 #* Lifestyle China Group, Ltd. 287,500 117,637 #* Lifetech Scientific Corp. 13,768,000 3,029,672 Livzon Pharmaceutical Group, Inc. Class H 448,760 2,468,568 # Logan Property Holdings Co., Ltd. 9,208,000 7,980,319 Longfor Properties Co., Ltd. 6,658,500 16,710,159 * LongiTech Smart Energy Holding, Ltd. 293,000 105,704 Lonking Holdings, Ltd. 14,889,000 4,853,803 * Loudong General Nice Resources China Holdings, Ltd. 1,006,309 37,259 # Luye Pharma Group, Ltd. 4,993,000 2,830,212 # LVGEM China Real Estate Investment Co., Ltd. 648,000 177,500 #* Maanshan Iron & Steel Co., Ltd. Class H 11,484,000 5,561,642 Maoye International Holdings, Ltd. 7,164,000 723,954 Metallurgical Corp. of China, Ltd. Class H 7,572,000 2,603,596 * MIE Holdings Corp. 7,158,000 677,428 MIN XIN Holdings, Ltd. 720,000 543,029 #* Mingfa Group International Co., Ltd. 4,986,000 191,504 * Mingyuan Medicare Development Co., Ltd. 4,480,000 24,721 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CHINA -- (Continued) Minmetals Land, Ltd. 7,345,644 $ 949,060 # Minth Group, Ltd. 3,947,000 18,174,034 #* MMG, Ltd. 18,453,999 8,209,168 MOBI Development Co., Ltd. 34,000 4,991 Modern Land China Co., Ltd. 740,000 139,142 * Momo, Inc. Sponsored ADR 21,344 937,642 #* Munsun Capital Group, Ltd. 50,635,682 583,372 # Nan Hai Corp., Ltd. 27,450,000 930,920 #* National Agricultural Holdings, Ltd. 1,450,000 165,684 * Nature Home Holding Co., Ltd. 654,000 88,749 # NetDragon Websoft Holdings, Ltd. 43,956 117,232 NetEase, Inc. ADR 246,761 76,811,764 New China Life Insurance Co., Ltd. Class H 1,092,700 7,042,306 * New Oriental Education & Technology Group, Inc. Sponsored ADR 184,891 14,728,417 * New World Department Store China, Ltd. 3,112,538 791,947 Nexteer Automotive Group, Ltd. 6,663,000 11,479,456 Nine Dragons Paper Holdings, Ltd. 10,435,000 15,525,444 #* Noah Holdings, Ltd. ADR 102,439 3,275,999 #* North Mining Shares Co., Ltd. 34,850,000 624,224 #* NQ Mobile, Inc. Class A ADR 203,837 697,123 NVC Lighting Holdings, Ltd. 7,157,000 796,230 #* O-Net Technologies Group, Ltd. 1,302,000 840,146 #* Ourgame International Holdings, Ltd. 1,323,000 340,057 Overseas Chinese Town Asia Holdings, Ltd. 743,817 360,693 #* Ozner Water International Holding, Ltd. 1,549,000 390,092 # Pacific Online, Ltd. 2,443,195 456,452 #* Panda Green Energy Group, Ltd. 1,856,000 247,124 Parkson Retail Group, Ltd. 7,892,500 1,271,310 # PAX Global Technology, Ltd. 5,879,000 3,898,498 People's Insurance Co. Group of China, Ltd. (The) Class H 31,859,000 14,826,056 PetroChina Co., Ltd. ADR 217,878 14,077,098 PetroChina Co., Ltd. Class H 50,486,000 32,480,639 * Phoenix New Media, Ltd. ADR 27,329 73,515 Phoenix Satellite Television Holdings, Ltd. 5,210,000 773,139 PICC Property & Casualty Co., Ltd. Class H 16,882,932 31,408,288 Ping An Insurance Group Co. of China, Ltd. Class H 17,734,000 131,269,074 * Ping An Securities Group Holdings, Ltd. 3,060,000 28,164 Poly Culture Group Corp., Ltd. Class H 525,400 1,176,875 #* Poly Property Group Co., Ltd. 15,753,068 8,260,757 # Pou Sheng International Holdings, Ltd. 8,319,609 1,649,118 Powerlong Real Estate Holdings, Ltd. 8,510,715 3,974,514 * Prosperity International Holdings HK, Ltd. 13,780,000 198,888 #* PW Medtech Group, Ltd. 3,993,000 910,017 # Q Technology Group Co., Ltd. 2,511,000 2,704,178 Qingdao Port International Co., Ltd. Class H 1,919,000 1,085,858 Qingling Motors Co., Ltd. Class H 3,530,000 1,188,034 * Qinhuangdao Port Co., Ltd. Class H 1,713,500 543,353 * Qinqin Foodstuffs Group Cayman Co., Ltd. 328,724 96,299 * Qunxing Paper Holdings Co., Ltd. 854,211 41,339 * Real Gold Mining, Ltd. 640,000 21,550 * Real Nutriceutical Group, Ltd. 6,557,000 318,776 Red Star Macalline Group Corp., Ltd. Class H 788,800 818,803 #* Redco Properties Group, Ltd. 3,632,000 1,390,176 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- CHINA -- (Continued) #* Renhe Commercial Holdings Co., Ltd. 107,162,615 $ 2,372,181 #* REXLot Holdings, Ltd. 61,518,724 779,239 Road King Infrastructure, Ltd. 2,175,000 2,861,043 #* Ronshine China Holdings, Ltd. 501,000 549,333 #* Sany Heavy Equipment International Holdings Co., Ltd. 6,259,500 1,193,020 * Scud Group, Ltd. 1,110,000 27,712 # Seaspan Corp. 335,226 2,246,014 #* Semiconductor Manufacturing International Corp. 14,000,696 15,347,383 * Semiconductor Manufacturing International Corp. ADR 173,964 962,021 Shandong Chenming Paper Holdings, Ltd. Class H 1,772,022 2,714,878 Shandong Weigao Group Medical Polymer Co., Ltd. Class H 7,884,000 6,353,369 Shandong Xinhua Pharmaceutical Co., Ltd. Class H 684,000 619,186 # Shanghai Dasheng Agricultural Finance Technology Co., Ltd. Class H 20,056,000 1,821,337 #* Shanghai Electric Group Co., Ltd. Class H 8,012,000 3,720,374 Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H 653,500 2,391,858 * Shanghai Fudan Microelectronics Group Co., Ltd. Class H 376,000 252,933 # Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. Class H 1,177,000 651,528 Shanghai Haohai Biological Technology Co., Ltd. Class H 37,600 198,835 Shanghai Industrial Holdings, Ltd. 3,376,000 9,756,106 Shanghai Industrial Urban Development Group, Ltd. 11,741,025 2,853,244 # Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H 9,168,000 2,626,615 Shanghai La Chapelle Fashion Co., Ltd. Class H 9,400 11,913 Shanghai Pharmaceuticals Holding Co., Ltd. Class H 2,267,200 6,003,379 Shanghai Prime Machinery Co., Ltd. Class H 4,454,000 951,190 * Shanghai Zendai Property, Ltd. 6,120,000 97,163 Sheen Tai Holdings Grp Co., Ltd. 1,060,000 54,266 Shengjing Bank Co., Ltd. Class H 479,000 426,393 * Shengli Oil & Gas Pipe Holdings, Ltd. 5,242,500 228,087 Shenguan Holdings Group, Ltd. 6,774,000 402,699 Shenzhen Expressway Co., Ltd. Class H 3,724,000 3,325,342 Shenzhen International Holdings, Ltd. 6,097,512 10,437,564 Shenzhen Investment, Ltd. 25,501,271 11,705,948 Shenzhou International Group Holdings, Ltd. 1,988,000 13,280,126 Shimao Property Holdings, Ltd. 9,967,183 19,855,017 #* Shougang Concord International Enterprises Co., Ltd. 25,544,100 898,171 Shougang Fushan Resources Group, Ltd. 18,914,461 4,379,552 Shui On Land, Ltd. 29,316,776 7,314,578 #* Shunfeng International Clean Energy, Ltd. 11,502,000 624,754 # Sichuan Expressway Co., Ltd. Class H 4,852,000 2,004,776 # Sihuan Pharmaceutical Holdings Group, Ltd. 24,270,000 10,212,755 * Silver Grant International Industries, Ltd. 5,666,000 898,238 #* Silverman Holdings, Ltd. 510,000 52,297 SIM Technology Group, Ltd. 5,367,000 298,589 Sino Biopharmaceutical, Ltd. 21,799,998 19,245,719 #* Sino Oil And Gas Holdings, Ltd. 65,702,234 1,454,714 * Sino-I Technology, Ltd. 5,320,000 72,680 Sino-Ocean Group Holdings, Ltd. 20,387,462 11,392,370 #* Sinofert Holdings, Ltd. 14,612,673 2,017,403 * Sinolink Worldwide Holdings, Ltd. 8,849,492 1,222,432 #* SinoMedia Holding, Ltd. 1,167,258 268,777 Sinopec Engineering Group Co., Ltd. Class H 3,766,000 3,379,486 Sinopec Kantons Holdings, Ltd. 5,926,000 3,578,417 #* Sinopec Oilfield Service Corp. Class H 3,532,000 545,645 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ CHINA -- (Continued) Sinopec Shanghai Petrochemical Co., Ltd. Class H 16,637,000 $ 9,454,237 # Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR 31,247 1,789,800 Sinopharm Group Co., Ltd. Class H 3,654,400 15,295,412 # Sinosoft Technology Group, Ltd. 4,635,400 1,391,285 # Sinotrans Shipping, Ltd. 9,719,000 2,436,321 Sinotrans, Ltd. Class H 12,850,000 6,525,373 # Sinotruk Hong Kong, Ltd. 4,696,000 4,924,014 * Skyfame Realty Holdings, Ltd. 5,294,000 813,604 Skyworth Digital Holdings, Ltd. 14,102,811 7,555,922 # SMI Holdings Group, Ltd. 4,660,799 2,447,618 SOHO China, Ltd. 15,502,339 8,445,147 #* Sohu.com, Inc. 110,251 6,265,564 * Sound Global, Ltd. 2 1 #* Sparkle Roll Group, Ltd. 6,264,000 464,838 Springland International Holdings, Ltd. 2,227,000 430,669 #* SPT Energy Group, Inc. 2,996,000 199,020 * SRE Group, Ltd. 14,451,714 336,372 SSY Group, Ltd. 15,404,506 6,798,993 Suchuang Gas Corp., Ltd. 200,000 80,623 Sun Art Retail Group, Ltd. 11,670,000 9,502,883 Sun King Power Electronics Group 1,348,000 310,103 # Sunac China Holdings, Ltd. 9,022,000 24,000,366 #* Suncity Group Holdings, Ltd. 1,770,000 122,369 # Sunny Optical Technology Group Co., Ltd. 3,119,000 37,066,023 * Sunshine 100 China Holdings, Ltd. 27,000 11,238 * Superb Summit International Group, Ltd. 1,350,000 47,323 Symphony Holdings, Ltd. 5,330,000 470,465 TAL Education Group ADR 72,781 11,409,877 # Tarena International, Inc. ADR 91,675 1,769,327 #* Taung Gold International, Ltd. 20,860,000 184,081 TCC International Holdings, Ltd. 9,365,995 4,279,125 #* TCL Multimedia Technology Holdings, Ltd. 2,780,200 1,369,880 * Tech Pro Technology Development, Ltd. 37,652,000 395,161 #* Technovator International, Ltd. 2,996,000 926,734 Tencent Holdings, Ltd. 10,436,500 416,562,068 Tenfu Cayman Holdings Co., Ltd. 101,000 33,605 # Tenwow International Holdings, Ltd. 2,077,000 390,470 * Tesson Holdings, Ltd. 87,000 12,914 Texhong Textile Group, Ltd. 2,169,000 2,331,196 * Tian An China Investment Co., Ltd. 1,096,357 743,583 Tian Shan Development Holdings, Ltd. 1,392,000 564,875 Tiande Chemical Holdings, Ltd. 336,000 95,423 Tiangong International Co., Ltd. 7,786,056 816,577 # Tianjin Capital Environmental Protection Group Co., Ltd. Class H 964,000 618,566 Tianjin Development Holdings, Ltd. 2,405,800 1,390,466 Tianjin Port Development Holdings, Ltd. 12,525,200 2,082,835 Tianneng Power International, Ltd. 6,447,952 5,113,146 Tianyi Summi Holdings, Ltd. 2,988,000 424,534 #* Tibet Water Resources, Ltd. 6,257,000 2,513,552 Tingyi Cayman Islands Holding Corp. 9,954,000 12,674,378 Tomson Group, Ltd. 1,405,670 722,930 Tong Ren Tang Technologies Co., Ltd. Class H 3,256,000 4,719,416 # Tongda Group Holdings, Ltd. 23,960,000 6,950,329 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Tonly Electronics Holdings, Ltd. 403,080 $ 420,709 Top Spring International Holdings, Ltd. 37,000 11,785 * Tou Rong Chang Fu Group, Ltd. 5,680,000 102,451 Towngas China Co., Ltd. 5,894,728 4,155,739 TPV Technology, Ltd. 5,768,578 1,334,305 Travelsky Technology, Ltd. Class H 3,361,938 8,901,987 # Trigiant Group, Ltd. 3,988,000 571,030 * Trony Solar Holdings Co., Ltd. 2,133,000 32,224 # Truly International Holdings, Ltd. 9,951,000 3,333,868 Tsingtao Brewery Co., Ltd. Class H 586,000 2,510,621 #* Tuniu Corp. Sponsored ADR 27,843 221,630 # Uni-President China Holdings, Ltd. 7,204,308 5,594,741 #* United Energy Group, Ltd. 23,695,100 863,757 # Universal Medical Financial & Technical Advisory Services Co., Ltd. 2,340,500 1,862,112 #* V1 Group, Ltd. 17,134,600 592,358 Vinda International Holdings, Ltd. 281,000 529,902 * Vipshop Holdings, Ltd. ADR 1,377,684 16,945,513 * Wanguo International Mining Group, Ltd. 90,000 20,835 # Want Want China Holdings, Ltd. 27,604,000 18,642,108 # Wasion Group Holdings, Ltd. 3,844,000 1,701,100 #* Weibo Corp. Sponsored ADR 21,061 1,620,644 Weichai Power Co., Ltd. Class H 10,029,120 9,652,598 * Weiqiao Textile Co. Class H 3,074,500 1,690,975 Welling Holding, Ltd. 6,504,000 1,412,751 * West China Cement, Ltd. 15,132,000 2,168,560 #* Wisdom Sports Group 221,000 31,946 * Wuzhou International Holdings, Ltd. 1,966,000 166,038 Xiabuxiabu Catering Management China Holdings Co., Ltd. 762,500 763,651 # Xiamen International Port Co., Ltd. Class H 6,611,338 1,293,757 * Xinchen China Power Holdings, Ltd. 2,326,000 356,792 Xingda International Holdings, Ltd. 6,952,831 3,008,201 * Xingfa Aluminium Holdings, Ltd. 81,000 59,519 # Xinhua Winshare Publishing and Media Co., Ltd. Class H 1,874,000 1,558,319 # Xinjiang Goldwind Science & Technology Co., Ltd. Class H 2,754,440 3,131,368 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H 4,121,000 574,009 * Xinming China Holdings, Ltd. 70,000 11,105 # Xinyi Solar Holdings, Ltd. 23,236,000 7,312,611 # XTEP International Holdings, Ltd. 4,798,000 1,786,257 * Xunlei, Ltd. ADR 9,872 32,183 * Yanchang Petroleum International, Ltd. 21,950,000 516,463 # Yangtze Optical Fibre and Cable Joint Stock, Ltd. Co. Class H 958,500 2,082,054 Yanzhou Coal Mining Co., Ltd. Class H 6,244,000 6,142,108 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR 55,529 542,518 #* Yashili International Holdings, Ltd. 2,650,000 477,916 YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H 224,000 550,029 Yida China Holdings, Ltd. 612,000 171,964 Yip's Chemical Holdings, Ltd. 1,348,000 560,588 * Yirendai, Ltd. ADR 146,597 5,608,801 #* Youyuan International Holdings, Ltd. 3,521,760 1,352,499 * Yuanda China Holdings, Ltd. 4,574,000 85,865 Yuexiu Property Co., Ltd. 57,427,784 10,795,825 # Yuexiu Transport Infrastructure, Ltd. 3,507,415 2,620,742 * Yum China Holdings, Inc. 7,898 282,669 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- CHINA -- (Continued) # Yunnan Water Investment Co., Ltd. Class H 578,000 $ 255,831 # Yuzhou Properties Co., Ltd. 14,439,800 8,573,431 * YY, Inc. ADR 234,581 16,772,541 # Zhaojin Mining Industry Co., Ltd. Class H 4,937,666 4,059,156 Zhejiang Expressway Co., Ltd. Class H 5,474,000 6,829,000 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H 1,178,000 724,489 * Zhong An Real Estate, Ltd. 4,497,444 1,468,536 # Zhongsheng Group Holdings, Ltd. 5,343,000 11,693,022 Zhuhai Holdings Investment Group, Ltd. 880,000 128,264 Zhuzhou CRRC Times Electric Co., Ltd. Class H 1,578,250 7,508,445 # Zijin Mining Group Co., Ltd. Class H 27,372,000 9,925,809 # Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H 7,593,400 3,864,747 * ZTE Corp. Class H 1,226,392 3,149,393 -------------- TOTAL CHINA 4,344,600,788 -------------- COLOMBIA -- (0.3%) Almacenes Exito SA 1,434,002 7,318,554 Banco de Bogota SA 77,772 1,773,621 Bancolombia SA 756,813 7,755,335 Bancolombia SA Sponsored ADR 347,539 15,201,356 Bolsa de Valores de Colombia 5,607,933 47,138 Celsia SA ESP 806,012 1,279,412 Cementos Argos SA 1,387,345 5,528,687 * Cemex Latam Holdings SA 1,025,624 3,743,736 Constructora Conconcreto SA 19,345 6,640 Corp. Financiera Colombiana SA 214,735 2,079,657 Ecopetrol SA 16,718,255 7,810,084 # Ecopetrol SA Sponsored ADR 417,332 3,897,881 Empresa de Energia de Bogota SA ESP 3,657,729 2,425,310 * Empresa de Telecomunicaciones de Bogota 2,479,407 485,729 Grupo Argos SA 169,018 1,215,788 # Grupo Aval Acciones y Valores SA 123,152 1,089,895 Grupo de Inversiones Suramericana SA 425,809 5,991,857 Grupo Nutresa SA 382,928 3,423,883 Interconexion Electrica SA ESP 1,989,493 9,114,211 Mineros SA 17,511 15,540 * Odinsa SA 5,135 15,072 -------------- TOTAL COLOMBIA 80,219,386 -------------- CZECH REPUBLIC -- (0.1%) CEZ A.S. 816,081 14,805,901 * Fortuna Entertainment Group NV 82,351 545,354 Komercni banka A.S. 177,943 7,666,201 O2 Czech Republic A.S. 288,884 3,694,938 Pegas Nonwovens SA 77,192 3,555,538 Philip Morris CR A.S. 3,296 2,273,167 # Unipetrol A.S. 251,257 3,355,938 -------------- TOTAL CZECH REPUBLIC 35,897,037 -------------- EGYPT -- (0.1%) # Commercial International Bank Egypt S.A.E. GDR(566828901) 3,062,705 14,156,022 Commercial International Bank Egypt S.A.E. GDR(201712205) 184,566 852,695 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ EGYPT -- (Continued) Egyptian Financial Group-Hermes Holding Co. GDR(710232901) 15,197 $ 38,785 Egyptian Financial Group-Hermes Holding Co. GDR(268425402) 33,338 85,012 ------------ TOTAL EGYPT 15,132,514 ------------ GREECE -- (0.3%) Aegean Airlines SA 191,529 1,873,816 * Alpha Bank AE 187,531 449,567 Athens Water Supply & Sewage Co. SA (The) 93,921 687,802 * Ellaktor SA 139,123 271,147 * Eurobank Ergasias SA 23,073 25,182 * FF Group 156,853 3,757,942 Fourlis Holdings SA 155,827 1,068,658 * GEK Terna Holding Real Estate Construction SA 246,078 1,101,146 Hellenic Exchanges - Athens Stock Exchange SA 391,706 2,466,389 Hellenic Petroleum SA 487,671 4,509,102 Hellenic Telecommunications Organization SA 1,054,511 13,447,018 * HOLDING Co. ADMIE IPTO SA 525,419 1,268,862 * Intracom Holdings SA 321,392 221,872 * Intralot SA-Integrated Lottery Systems & Services 726,755 1,014,065 JUMBO SA 470,477 7,878,727 * Lamda Development SA 40,956 323,700 * Marfin Investment Group Holdings SA 4,779,275 760,469 Motor Oil Hellas Corinth Refineries SA 275,658 6,206,657 * Mytilineos Holdings SA 308,236 3,062,028 * National Bank of Greece SA 131,932 53,335 OPAP SA 705,709 8,120,455 * Piraeus Bank SA 71,099 19,527 Piraeus Port Authority SA 17,126 320,426 * Public Power Corp. SA 525,419 1,389,632 Sarantis SA 5,137 74,848 Terna Energy SA 163,037 752,045 Titan Cement Co. SA 244,035 6,797,443 ------------ TOTAL GREECE 67,921,860 ------------ HONG KONG -- (0.0%) Asiasec Properties, Ltd. 38,976 10,417 Goodbaby International Holdings, Ltd. 3,958,000 1,939,639 Microport Scientific Corp. 724,000 570,599 Samson Holding, Ltd. 2,135,000 204,871 ------------ TOTAL HONG KONG 2,725,526 ------------ HUNGARY -- (0.4%) * CIG Pannonia Life Insurance P.L.C. Class A 5,747 4,837 Magyar Telekom Telecommunications P.L.C. 3,750,857 6,777,646 Magyar Telekom Telecommunications P.L.C. Sponsored # ADR 36,206 319,753 MOL Hungarian Oil & Gas P.L.C. 370,496 32,109,485 OTP Bank P.L.C. 1,307,568 48,659,686 Richter Gedeon Nyrt 507,465 12,983,134 ------------ TOTAL HUNGARY 100,854,541 ------------ INDIA -- (12.6%) * 3M India, Ltd. 5,771 1,205,406 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) * 8K Miles Software Services, Ltd. 22,248 $ 189,067 * Aarti Drugs, Ltd. 5,970 52,593 * Aarti Industries 189,776 2,862,666 * Aban Offshore, Ltd. 294,486 847,331 ABB India, Ltd. 122,480 2,715,939 Abbott India, Ltd. 4,603 321,122 ACC, Ltd. 258,108 6,980,041 Accelya Kale Solutions, Ltd. 1,654 36,741 Adani Enterprises, Ltd. 2,314,529 4,991,624 Adani Ports & Special Economic Zone, Ltd. 3,982,844 24,626,712 * Adani Power, Ltd. 9,676,205 5,042,686 * Adani Transmissions, Ltd. 1,708,721 3,320,849 * Aditya Birla Capital, Ltd. 1,542,989 3,724,749 * Aditya Birla Fashion and Retail, Ltd. 1,749,706 4,718,294 Aegis Logistics, Ltd. 724,343 2,134,002 Agro Tech Foods, Ltd. 34,539 276,663 * Ahluwalia Contracts India Ltd. 16,667 72,708 AIA Engineering, Ltd. 214,067 4,819,135 Ajanta Pharma, Ltd. 280,010 6,098,633 Akzo Nobel India, Ltd. 73,688 2,044,273 Alembic Pharmaceuticals, Ltd. 468,315 3,893,414 Alembic, Ltd. 812,393 519,542 Alkem Laboratories, Ltd. 12,571 356,832 * Allahabad Bank 2,104,339 2,469,506 * Allcargo Logistics, Ltd. 393,712 1,054,192 * Alok Industries, Ltd. 1,419,763 80,740 Amara Raja Batteries, Ltd. 527,682 6,870,058 Ambuja Cements, Ltd. 2,595,192 10,640,102 * Amtek Auto, Ltd. 876,612 388,108 Anant Raj, Ltd. 1,229,104 1,213,513 Andhra Bank 2,325,563 2,076,470 * Apar Industries, Ltd. 108,443 1,327,586 APL Apollo Tubes, Ltd. 25,964 642,807 * Apollo Hospitals Enterprise, Ltd. 362,776 7,116,719 Apollo Tyres, Ltd. 2,887,972 11,977,768 Arcotech, Ltd. 102,660 162,317 * Arvind SmartSpaces, Ltd. 61,926 138,170 Arvind, Ltd. 1,994,821 11,363,449 Asahi India Glass, Ltd. 255,806 1,164,718 * Ashiana Housing, Ltd. 67,344 192,272 Ashok Leyland, Ltd. 10,616,761 18,060,432 Ashoka Buildcon, Ltd. 247,745 717,313 Asian Paints, Ltd. 1,411,925 25,615,748 Astra Microwave Products, Ltd. 76,475 159,880 Astral Polytechnik, Ltd. 115,960 1,129,615 Atul, Ltd. 109,171 3,748,798 Aurobindo Pharma, Ltd. 2,135,627 23,918,713 Automotive Axles, Ltd. 7,751 87,958 Avanti Feeds, Ltd. 22,130 564,836 Axis Bank, Ltd. 4,869,899 39,509,356 Bajaj Auto, Ltd. 549,551 24,082,344 Bajaj Corp., Ltd. 367,944 2,292,611 Bajaj Electricals, Ltd. 295,454 1,501,099 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Bajaj Finance, Ltd. 599,421 $15,927,508 Bajaj Finserv, Ltd. 249,086 19,427,439 * Bajaj Hindusthan Sugar, Ltd. 4,469,320 1,104,022 Bajaj Holdings & Investment, Ltd. 185,305 6,988,324 Balaji Amines, Ltd. 17,870 92,207 Balkrishna Industries, Ltd. 298,353 7,601,766 * Ballarpur Industries, Ltd. 2,201,648 569,613 Balmer Lawrie & Co., Ltd. 443,694 1,735,707 Balrampur Chini Mills, Ltd. 1,551,964 3,973,977 Banco Products India, Ltd. 43,554 158,227 Bank of Baroda 3,035,017 7,863,696 * Bank of India 2,162,211 5,593,669 * Bank Of Maharashtra 665,140 304,420 Bannari Amman Sugars, Ltd. 3,050 99,880 BASF India, Ltd. 54,296 1,261,778 Bata India, Ltd. 287,529 2,638,308 BEML, Ltd. 142,887 3,851,292 Berger Paints India, Ltd. 1,745,701 6,749,022 * BF Utilities, Ltd. 79,601 471,272 * BGR Energy Systems, Ltd. 131,573 308,201 Bhansali Engineering Polymers, Ltd. 217,219 247,730 Bharat Electronics, Ltd. 2,013,613 5,619,233 * Bharat Financial Inclusion, Ltd. 409,307 5,379,980 Bharat Forge, Ltd. 921,943 16,489,414 Bharat Heavy Electricals, Ltd. 3,581,245 8,083,407 Bharat Petroleum Corp., Ltd. 2,662,347 19,544,474 Bharti Airtel, Ltd. 5,947,842 38,920,865 Bharti Infratel, Ltd. 1,894,627 11,817,363 Biocon, Ltd. 1,646,114 9,896,299 Birla Corp., Ltd. 122,227 1,812,904 Bliss Gvs Pharma, Ltd. 348,950 894,002 Blue Dart Express, Ltd. 26,900 1,785,119 Blue Star, Ltd. 228,867 2,473,492 Bodal Chemicals, Ltd. 463,210 1,321,183 Bombay Dyeing & Manufacturing Co., Ltd. 1,162,336 1,505,812 Bosch, Ltd. 18,115 6,837,025 * Brigade Enterprises, Ltd. 252,983 1,109,757 Britannia Industries, Ltd. 124,567 7,562,659 Cadila Healthcare, Ltd. 1,605,265 13,616,019 Camlin Fine Sciences, Ltd. 113,508 150,034 Can Fin Homes, Ltd. 68,522 3,297,628 Canara Bank 1,224,495 7,015,717 Capital First, Ltd. 198,158 2,379,336 Caplin Point Laboratories, Ltd. 108,351 1,150,710 Carborundum Universal, Ltd. 347,713 1,843,034 Care Ratings, Ltd. 123,773 3,117,575 Castrol India, Ltd. 551,843 3,447,648 CCL Products India, Ltd. 525,465 2,325,881 Ceat, Ltd. 330,574 9,657,140 * Century Plyboards India, Ltd. 838,880 3,863,601 Century Textiles & Industries, Ltd. 146,827 2,720,879 Cera Sanitaryware, Ltd. 18,786 863,181 CESC, Ltd. 563,951 8,293,688 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) * CG Power and Industrial Solutions, Ltd. 3,656,296 $ 4,839,637 Chambal Fertilizers and Chemicals, Ltd. 1,671,712 3,524,331 Chennai Petroleum Corp., Ltd. 523,508 3,157,931 Chennai Super Kings Cricket, Ltd. 2,606,099 17,139 Cholamandalam Investment and Finance Co., Ltd. 205,585 3,844,534 * Cigniti Technologies, Ltd. 4,922 20,173 Cipla, Ltd. 1,633,422 14,310,800 City Union Bank, Ltd. 1,435,328 4,026,483 Clariant Chemicals India, Ltd. 67,094 705,988 Coal India, Ltd. 1,287,728 5,011,082 * Coffee Day Enterprises, Ltd. 99,135 377,879 Colgate-Palmolive India, Ltd. 543,234 9,151,375 Container Corp. Of India, Ltd. 277,445 4,942,783 Coromandel International, Ltd. 755,918 5,315,994 * Corp. Bank 1,547,665 1,223,392 Cox & Kings, Ltd. 779,750 3,448,109 CRISIL, Ltd. 74,958 2,168,319 Crompton Greaves Consumer Electricals, Ltd. 3,444,010 11,733,381 Cummins India, Ltd. 328,292 5,051,433 Cyient, Ltd. 222,372 1,819,133 Dabur India, Ltd. 2,185,378 10,526,380 * Dalmia Bharat Sugar & Industries, Ltd. 95,867 229,176 * Dalmia Bharat, Ltd. 159,627 6,619,589 DB Corp., Ltd. 172,660 1,011,946 * DB Realty, Ltd. 944,581 652,328 DCB Bank, Ltd. 2,118,433 6,450,112 DCM Shriram, Ltd. 272,613 1,573,193 * Deepak Fertilisers & Petrochemicals Corp., Ltd. 346,262 1,936,601 Deepak Nitrite, Ltd. 125,802 320,407 Delta Corp., Ltd. 584,430 1,552,870 * DEN Networks, Ltd. 473,388 623,735 * Dena Bank 1,397,914 744,075 Dewan Housing Finance Corp., Ltd. 1,522,205 10,839,288 Dhampur Sugar Mills, Ltd. 215,683 819,707 * Dhanuka Agritech, Ltd. 54,867 641,581 * Dish TV India, Ltd. 4,942,524 6,409,966 Dishman Carbogen Amcis, Ltd. 712,972 3,347,513 * Divi's Laboratories, Ltd. 557,504 5,846,311 * DLF, Ltd. 3,052,340 9,178,107 Dr Lal PathLabs, Ltd. 1,542 19,867 Dr Reddy's Laboratories, Ltd. 261,543 9,678,395 # Dr Reddy's Laboratories, Ltd. ADR 323,859 11,850,001 Dredging Corp. Of India, Ltd. 71,584 698,539 * Dynamatic Technologies, Ltd. 7,283 272,526 eClerx Services, Ltd. 151,178 3,064,803 Edelweiss Financial Services, Ltd. 2,406,922 7,674,962 Eicher Motors, Ltd. 45,066 21,174,272 EID Parry India, Ltd. 685,333 3,610,333 EIH, Ltd. 837,181 1,796,924 Electrosteel Castings, Ltd. 978,346 503,058 Elgi Equipments, Ltd. 78,867 291,312 Emami, Ltd. 368,644 6,381,693 Engineers India, Ltd. 1,442,270 3,569,973 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) Entertainment Network India, Ltd. 47,743 $ 678,122 * Eros International Media, Ltd. 327,660 1,131,028 Escorts, Ltd. 458,953 4,786,634 Essel Propack, Ltd. 495,349 1,898,973 * Eveready Industries India, Ltd. 301,188 1,444,793 Exide Industries, Ltd. 2,492,224 8,450,839 * FDC, Ltd. 410,455 1,158,268 Federal Bank, Ltd. 11,377,285 20,469,144 * Federal-Mogul Goetze India, Ltd. 40,582 341,395 FIEM Industries, Ltd. 18,602 260,125 Finolex Cables, Ltd. 602,704 4,384,771 Finolex Industries, Ltd. 516,883 4,901,780 * Firstsource Solutions, Ltd. 3,272,272 1,848,011 * Fortis Healthcare, Ltd. 1,036,542 2,511,832 * Future Consumer, Ltd. 1,135,049 747,500 Future Enterprises, Ltd. 1,462,727 869,380 * Future Retail, Ltd. 807,317 5,077,393 Gabriel India, Ltd. 945,578 2,349,464 GAIL India, Ltd. 2,149,421 12,609,224 Garware Wall Ropes, Ltd. 20,261 281,430 Gateway Distriparks, Ltd. 712,365 3,028,309 Gati, Ltd. 542,241 1,022,358 Gayatri Projects, Ltd. 116,652 306,794 GE Power India, Ltd. 114,440 1,284,641 GE T&D India, Ltd. 85,222 523,218 Genus Power Infrastructures, Ltd. 17,836 13,958 Geojit Financial Services, Ltd. 252,370 426,456 GHCL, Ltd. 388,038 1,427,294 GIC Housing Finance, Ltd. 127,794 1,030,451 Gillette India, Ltd. 21,235 1,738,105 GlaxoSmithKline Consumer Healthcare, Ltd. 36,667 3,128,973 GlaxoSmithKline Pharmaceuticals, Ltd. 18,123 675,612 Glenmark Pharmaceuticals, Ltd. 922,291 10,008,894 * GMR Infrastructure, Ltd. 17,407,937 5,085,922 GOCL Corp., Ltd. 31,092 214,930 Godfrey Phillips India, Ltd. 106,842 1,887,719 Godrej Consumer Products, Ltd. 890,720 14,397,508 * Godrej Industries, Ltd. 412,833 4,268,779 * Godrej Properties, Ltd. 464,175 3,755,238 Granules India, Ltd. 1,249,723 2,653,957 Graphite India, Ltd. 439,338 1,412,079 Grasim Industries, Ltd. 1,102,135 18,356,823 Great Eastern Shipping Co., Ltd. (The) 487,353 3,007,708 Greaves Cotton, Ltd. 842,847 2,115,377 Greenply Industries, Ltd. 151,627 643,409 Grindwell Norton, Ltd. 43,769 290,804 Gruh Finance, Ltd. 663,109 5,159,945 * GTL Infrastructure, Ltd. 5,332,817 614,777 Gujarat Alkalies & Chemicals, Ltd. 248,488 1,538,917 * Gujarat Ambuja Exports, Ltd. 104,035 192,874 * Gujarat Fluorochemicals, Ltd. 209,547 2,538,133 Gujarat Gas, Ltd. 187,043 2,224,276 Gujarat Industries Power Co., Ltd. 112,929 225,090 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) Gujarat Mineral Development Corp., Ltd. 817,132 $ 1,809,088 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd. 459,405 2,137,264 Gujarat Pipavav Port, Ltd. 1,120,192 2,583,468 Gujarat State Fertilizers & Chemicals, Ltd. 886,282 1,900,696 Gujarat State Petronet, Ltd. 1,596,744 4,878,041 Gulf Oil Lubricants India, Ltd. 68,196 861,111 * GVK Power & Infrastructure, Ltd. 6,658,947 1,338,407 * Hathway Cable & Datacom, Ltd. 1,911,801 968,921 Hatsun Agro Products, Ltd. 18,533 181,180 Havells India, Ltd. 1,886,298 13,903,972 * HCL Infosystems, Ltd. 1,255,299 947,016 HCL Technologies, Ltd. 3,287,104 45,679,571 HDFC Bank, Ltd. 2,994,559 83,194,230 * HEG, Ltd. 86,237 667,690 * HeidelbergCement India, Ltd. 947,244 1,904,534 Heritage Foods, Ltd. 39,782 773,389 Hero MotoCorp, Ltd. 404,175 23,042,628 Hexaware Technologies, Ltd. 1,564,899 6,404,869 Hikal, Ltd. 62,313 214,956 * Himachal Futuristic Communications, Ltd. 7,740,452 2,195,224 Himadri Speciality Chemical, Ltd. 753,608 1,014,385 Himatsingka Seide, Ltd. 276,941 1,526,347 Hindalco Industries, Ltd. 7,620,300 26,138,965 Hinduja Global Solutions, Ltd. 35,687 292,575 * Hinduja Ventures, Ltd. 10,967 77,420 * Hindustan Construction Co., Ltd. 5,956,905 3,804,643 Hindustan Media Ventures, Ltd. 18,579 80,022 * Hindustan Oil Exploration Co., Ltd. 77,584 91,238 Hindustan Petroleum Corp., Ltd. 2,830,700 16,889,499 Hindustan Unilever, Ltd. 1,800,188 32,560,587 Honda SIEL Power Products, Ltd. 7,464 176,564 Honeywell Automation India, Ltd. 7,475 1,440,272 * Housing Development & Infrastructure, Ltd. 3,824,905 5,169,502 Housing Development Finance Corp., Ltd. 3,100,726 86,399,767 HSIL, Ltd. 246,193 1,447,018 HT Media, Ltd. 433,223 621,498 Huhtamaki PPL, Ltd. 43,541 171,809 I G Petrochemicals, Ltd. 10,225 74,746 ICICI Bank, Ltd. 1,337,437 6,297,655 ICICI Bank, Ltd. Sponsored ADR 3,388,275 31,544,840 ICRA, Ltd. 1,187 73,144 * IDBI Bank, Ltd. 5,955,211 5,535,800 Idea Cellular, Ltd. 13,043,769 18,753,978 IDFC Bank, Ltd. 2,778,367 2,580,198 IDFC, Ltd. 1,943,833 1,777,027 * IFB Industries, Ltd. 24,320 269,763 * IFCI, Ltd. 9,049,456 3,808,121 Igarashi Motors India, Ltd. 42,173 663,826 IIFL Holdings, Ltd. 1,078,536 10,010,606 * IL&FS Transportation Networks, Ltd. 900,087 1,287,286 India Cements, Ltd. (The) 2,429,137 7,753,415 Indiabulls Housing Finance, Ltd. 2,264,890 41,546,298 * Indiabulls Real Estate, Ltd. 3,394,480 11,984,925 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) Indiabulls Ventures, Ltd. 676,938 $ 2,001,593 Indian Bank 757,987 3,688,996 Indian Hotels Co., Ltd. 2,166,185 4,203,761 Indian Hume Pipe Co., Ltd. 46,739 402,280 Indian Metals & Ferro Alloys, Ltd. 11,916 99,275 Indian Oil Corp., Ltd. 3,551,474 20,295,384 * Indian Overseas Bank 2,439,799 950,818 Indo Count Industries, Ltd. 826,818 1,913,859 Indoco Remedies, Ltd. 244,298 761,373 Indraprastha Gas, Ltd. 356,078 6,542,088 IndusInd Bank, Ltd. 810,611 20,712,834 INEOS Styrolution India, Ltd. 20,790 355,840 Infosys, Ltd. 3,887,107 61,324,248 # Infosys, Ltd. Sponsored ADR 3,708,004 58,586,463 Ingersoll-Rand India, Ltd. 63,431 848,662 * Inox Leisure, Ltd. 442,942 1,765,812 * Inox Wind, Ltd. 85,345 182,641 * Intellect Design Arena, Ltd. 409,415 699,524 InterGlobe Aviation, Ltd. 109,510 2,200,004 * International Paper APPM, Ltd. 47,057 233,661 Ipca Laboratories, Ltd. 317,370 2,373,867 IRB Infrastructure Developers, Ltd. 1,411,704 4,974,613 ITC, Ltd. 12,536,994 55,708,513 ITD Cementation India, Ltd. 349,972 899,510 * ITI, Ltd. 42,301 64,649 J Kumar Infraprojects, Ltd. 199,521 897,833 * Jagran Prakashan, Ltd. 789,911 2,167,246 Jai Corp., Ltd. 377,942 504,696 Jain Irrigation Systems, Ltd. 4,819,362 7,966,864 * Jaiprakash Associates, Ltd. 19,005,425 8,687,133 * Jaiprakash Power Ventures, Ltd. 5,097,385 591,879 Jammu & Kashmir Bank, Ltd. (The) 1,978,727 2,573,384 Jamna Auto Industries, Ltd. 280,331 1,123,315 Jay Bharat Maruti, Ltd. 10,423 99,775 Jayant Agro-Organics, Ltd. 14,930 243,402 * Jaypee Infratech, Ltd. 3,134,506 1,068,206 JB Chemicals & Pharmaceuticals, Ltd. 250,213 1,207,795 JBF Industries, Ltd. 285,990 935,755 * Jet Airways India, Ltd. 189,438 1,756,649 Jindal Poly Films, Ltd. 194,636 1,144,235 Jindal Saw, Ltd. 1,503,306 2,419,784 * Jindal Stainless Hisar, Ltd. 405,922 1,027,502 * Jindal Steel & Power, Ltd. 4,714,810 11,230,707 * JITF Infralogistics, Ltd. 119,448 83,721 JK Cement, Ltd. 132,971 2,093,897 JK Lakshmi Cement, Ltd. 381,604 2,737,256 JK Paper, Ltd. 490,195 744,651 JK Tyre & Industries, Ltd. 1,097,569 2,761,521 JM Financial, Ltd. 2,209,864 4,144,718 Johnson Controls-Hitachi Air Conditioning India, Ltd. 51,124 1,611,157 JSW Energy, Ltd. 4,253,679 4,640,745 * JSW Holdings, Ltd. 20,395 552,491 JSW Steel, Ltd. 9,223,245 31,774,976 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Jubilant Foodworks, Ltd. 455,906 $ 9,302,618 Jubilant Life Sciences, Ltd. 748,469 8,345,057 * Just Dial, Ltd. 470,200 2,769,391 Jyothy Laboratories, Ltd. 292,399 1,682,575 Kajaria Ceramics, Ltd. 661,211 7,005,935 * Kalpataru Power Transmission, Ltd. 445,316 2,401,721 Kalyani Steels, Ltd. 162,502 1,120,401 Kansai Nerolac Paints, Ltd. 539,357 3,816,421 Karnataka Bank, Ltd. (The) 2,210,909 5,305,135 Karur Vysya Bank, Ltd. (The) 1,305,305 2,857,173 * Kaveri Seed Co., Ltd. 306,614 3,307,284 * KAYA, Ltd. 6,843 96,359 * KCP, Ltd. 295,038 476,380 KEC International, Ltd. 1,129,731 5,380,190 KEI Industries, Ltd. 228,673 826,592 * Kesoram Industries, Ltd. 338,715 744,299 Kewal Kiran Clothing, Ltd. 41 1,095 Kirloskar Brothers, Ltd. 48,197 184,961 Kirloskar Oil Engines, Ltd. 124,906 776,887 Kitex Garments, Ltd. 175,664 716,529 * KNR Constructions, Ltd. 104,587 343,862 Kolte-Patil Developers, Ltd. 188,465 495,463 Kotak Mahindra Bank, Ltd. 1,765,211 28,155,968 KPIT Technologies, Ltd. 1,698,206 3,377,828 KPR Mill, Ltd. 51,536 636,147 * KRBL, Ltd. 558,589 3,998,077 KSB Pumps, Ltd. 20,312 236,026 Kwality, Ltd. 691,355 1,568,831 L&T Finance Holdings, Ltd. 3,613,160 9,847,289 LA Opala RG, Ltd. 38,095 304,424 Lakshmi Machine Works, Ltd. 27,992 2,581,732 Lakshmi Vilas Bank, Ltd. (The) 847,839 2,364,981 * Lanco Infratech, Ltd. 4,068,139 79,305 Larsen & Toubro, Ltd. 1,402,015 26,075,381 LEEL Electricals Ltd. 9,082 28,094 LG Balakrishnan & Bros, Ltd. 7,776 91,044 LIC Housing Finance, Ltd. 2,115,868 22,718,268 Linde India, Ltd. 24,802 168,680 LT Foods, Ltd. 450,087 494,608 Lumax Industries, Ltd. 582 12,651 Lupin, Ltd. 922,503 14,826,235 Magma Fincorp, Ltd. 285,986 749,573 * Mahanagar Telephone Nigam, Ltd. 919,519 297,271 Maharashtra Seamless, Ltd. 203,549 1,274,643 Mahindra & Mahindra Financial Services, Ltd. 1,252,233 7,818,777 Mahindra & Mahindra, Ltd. 1,418,121 31,072,408 * Mahindra CIE Automotive, Ltd. 360,264 1,404,656 Mahindra Holidays & Resorts India, Ltd. 311,090 1,986,801 Mahindra Lifespace Developers, Ltd. 110,541 725,343 * Majesco, Ltd. 3,384 19,667 Man Infraconstruction, Ltd. 616,492 623,634 Manappuram Finance, Ltd. 4,266,784 7,094,955 * Mangalore Refinery & Petrochemicals, Ltd. 1,583,644 3,054,330 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Marico, Ltd. 2,459,029 $12,768,633 Marksans Pharma, Ltd. 1,639,766 1,084,238 Maruti Suzuki India, Ltd. 388,446 46,888,243 Max Financial Services, Ltd. 506,028 4,803,623 * MAX India, Ltd. 801,502 1,867,568 * Max Ventures & Industries, Ltd. 45,352 58,646 Mayur Uniquoters, Ltd. 55,469 312,338 McLeod Russel India, Ltd. 432,518 1,181,990 Meghmani Organics, Ltd. 731,657 592,714 Mercator, Ltd. 919,964 584,992 Merck, Ltd. 42,846 820,689 Minda Corp., Ltd. 197,860 324,736 Minda Industries, Ltd. 133,576 1,649,840 MindTree, Ltd. 1,041,206 7,731,075 Mirza International, Ltd. 234,492 566,641 MOIL, Ltd. 249,108 1,370,914 Monsanto India, Ltd. 50,185 2,139,578 * Motherson Sumi Systems, Ltd. 2,976,437 15,086,379 Motilal Oswal Financial Services, Ltd. 95,569 1,589,312 Mphasis, Ltd. 539,714 5,064,736 * MPS, Ltd. 19,222 173,617 MRF, Ltd. 9,945 10,708,391 Muthoot Finance, Ltd. 497,166 3,675,471 * Nagarjuna Fertilizers & Chemicals, Ltd. 289,078 62,503 Natco Pharma, Ltd. 383,003 5,836,190 National Aluminium Co., Ltd. 4,213,814 4,596,273 Nava Bharat Ventures, Ltd. 376,917 807,886 Navin Fluorine International, Ltd. 98,835 1,071,521 * Navkar Corp., Ltd. 43,057 136,149 Navneet Education, Ltd. 620,237 1,587,275 NBCC India, Ltd. 52,356 170,634 NCC, Ltd. 5,250,851 7,296,595 Nectar Lifesciences, Ltd. 53,149 25,615 * NESCO, Ltd. 37,517 1,436,374 Nestle India, Ltd. 78,607 8,289,225 * Network 18 Media & Investments, Ltd. 204,652 177,145 Neuland Laboratories, Ltd. 16,083 361,867 NHPC, Ltd. 8,898,269 4,215,224 NIIT Technologies, Ltd. 548,859 4,384,067 * NIIT, Ltd. 899,957 1,371,064 Nilkamal, Ltd. 93,419 2,724,834 NOCIL, Ltd. 747,092 1,680,584 NRB Bearings, Ltd. 21,254 41,032 NTPC, Ltd. 4,529,893 11,585,728 Nucleus Software Exports, Ltd. 25,097 111,431 * Oberoi Realty, Ltd. 434,071 2,596,602 * OCL India, Ltd. 60,850 1,167,712 Oil & Natural Gas Corp., Ltd. 4,178,136 11,007,671 Oil India, Ltd. 906,234 4,110,420 Omaxe, Ltd. 709,511 2,261,697 OnMobile Global, Ltd. 192,346 193,494 Oracle Financial Services Software, Ltd. 87,406 4,961,038 Orient Cement, Ltd. 302,839 736,089 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Orient Paper & Industries, Ltd. 151,649 $ 236,679 Orient Refractories, Ltd. 104,135 241,849 Oriental Bank of Commerce 1,043,995 2,400,240 Orissa Minerals Development Co., Ltd. 6,450 199,571 Page Industries, Ltd. 27,888 7,135,226 * Parsvnath Developers, Ltd. 99,248 36,185 * Patel Engineering, Ltd. 183,033 235,132 PC Jeweller, Ltd. 965,758 3,852,155 Persistent Systems, Ltd. 235,574 2,377,077 Petronet LNG, Ltd. 2,841,884 8,982,806 Pfizer, Ltd. 66,506 1,859,441 Phillips Carbon Black, Ltd. 79,960 727,106 Phoenix Mills, Ltd. (The) 265,943 2,027,034 PI Industries, Ltd. 421,908 5,022,802 Pidilite Industries, Ltd. 720,470 8,907,457 Piramal Enterprises, Ltd. 375,966 17,308,735 * Polaris Consulting & Services, Ltd. 148,579 535,047 Poly Medicure, Ltd. 33,574 115,899 Polyplex Corp., Ltd. 33,760 243,133 Power Finance Corp., Ltd. 6,084,590 11,803,149 Power Grid Corp. of India, Ltd. 4,777,978 16,600,658 Prabhat Dairy, Ltd. 171,910 353,737 * Praj Industries, Ltd. 880,530 1,059,162 * Prakash Industries, Ltd. 419,517 931,611 * Prestige Estates Projects, Ltd. 653,196 2,738,017 Pricol, Ltd. 27,181 37,983 * Prism Cement, Ltd. 374,755 704,050 Procter & Gamble Hygiene & Health Care, Ltd. 24,177 3,033,559 PTC India Financial Services, Ltd. 2,419,812 1,515,630 PTC India, Ltd. 2,942,378 5,540,316 * Punjab & Sind Bank 142,955 121,718 * Punjab National Bank 2,478,901 6,280,969 Puravankara, Ltd. 63,975 75,769 PVR, Ltd. 216,237 4,524,676 Radico Khaitan, Ltd. 580,501 1,274,307 Rain Industries, Ltd. 1,126,011 2,276,392 Rajesh Exports, Ltd. 621,568 6,897,399 Rallis India, Ltd. 682,320 2,565,941 Ramco Cements, Ltd. (The) 585,482 6,207,904 Ramco Industries, Ltd. 96,419 347,935 * Ramco Systems, Ltd. 9,281 62,387 Ramkrishna Forgings, Ltd. 47,435 391,301 Rane Holdings, Ltd. 1,877 49,823 Rashtriya Chemicals & Fertilizers, Ltd. 857,864 1,164,125 * Ratnamani Metals & Tubes, Ltd. 24,962 318,991 * RattanIndia Power, Ltd. 1,784,376 184,945 Raymond, Ltd. 335,703 4,135,915 Redington India, Ltd. 1,109,908 2,588,867 Relaxo Footwears, Ltd. 67,885 503,858 Reliance Capital, Ltd. 1,305,326 14,679,311 * Reliance Communications, Ltd. 9,014,608 3,686,135 * Reliance Defence and Engineering, Ltd. 1,298,270 1,257,382 Reliance Industries, Ltd. 3,320,225 83,592,582 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Reliance Infrastructure, Ltd. 913,689 $ 7,519,450 * Reliance Power, Ltd. 7,065,927 4,972,247 * Religare Enterprises, Ltd. 4,435 6,925 Repco Home Finance, Ltd. 140,345 1,630,000 * Rolta India, Ltd. 1,224,860 1,110,167 RSWM, Ltd. 5,418 33,474 * Ruchi Soya Industries, Ltd. 695,742 254,274 Rural Electrification Corp., Ltd. 6,165,194 16,797,020 Sadbhav Engineering, Ltd. 223,551 1,021,299 * Sagar Cements, Ltd. 826 10,814 Sangam India, Ltd. 24,537 101,121 Sanghvi Movers, Ltd. 67,185 244,240 Sanofi India, Ltd. 35,407 2,372,295 Schaeffler India, Ltd. 25,687 1,813,789 * Sequent Scientific, Ltd. 33,861 65,138 * SH Kelkar & Co., Ltd. 43,488 179,644 Sharda Cropchem, Ltd. 69,589 513,882 Sharda Motor Industries, Ltd. 2,638 108,937 Shemaroo Entertainment, Ltd. 14,915 84,220 Shilpa Medicare, Ltd. 26,113 269,024 Shilpi Cable Technologies, Ltd. 234,111 121,634 * Shipping Corp. of India, Ltd. 1,552,889 2,000,798 Shoppers Stop, Ltd. 74,319 407,930 Shree Cement, Ltd. 33,925 9,917,660 Shriram City Union Finance, Ltd. 18,626 663,898 Shriram Transport Finance Co., Ltd. 659,581 10,526,947 * Shyam Century Ferrous, Ltd. 66,287 9,372 * Sical Logistics, Ltd. 35,029 141,086 Siemens, Ltd. 208,655 4,710,870 Simplex Infrastructures, Ltd. 35,483 266,214 Sintex Industries, Ltd. 4,221,394 2,451,340 * Sintex Plastics Technology, Ltd. 4,221,394 5,622,932 * SITI Networks, Ltd. 834,045 335,394 * Siyaram Silk Mills, Ltd. 3,758 122,225 SJVN, Ltd. 2,739,547 1,422,310 SKF India, Ltd. 88,964 2,167,328 Skipper, Ltd. 98,589 353,548 SML ISUZU, Ltd. 60,112 1,050,737 Sobha, Ltd. 418,089 2,606,152 Solar Industries India, Ltd. 83,708 1,164,900 Somany Ceramics, Ltd. 32,930 410,568 Sonata Software, Ltd. 720,171 1,874,217 South Indian Bank, Ltd. (The) 9,055,067 4,271,005 SREI Infrastructure Finance, Ltd. 1,729,503 3,153,252 SRF, Ltd. 263,273 6,230,596 Srikalahasthi Pipes, Ltd. 11,574 67,773 * Star Cement, Ltd. 122,282 242,080 State Bank of India 3,745,601 18,256,852 State Bank of India GDR 14,651 707,509 * Steel Authority of India, Ltd. 3,393,051 3,346,206 Sterlite Technologies, Ltd. 1,648,718 5,426,775 Strides Shasun, Ltd. 382,943 6,304,334 Subros, Ltd. 51,559 190,973 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) Sudarshan Chemical Industries, Ltd. 177,462 $ 1,147,074 Sun Pharmaceutical Industries, Ltd. 3,933,928 32,518,540 Sun TV Network, Ltd. 1,259,486 15,356,967 Sundaram Finance, Ltd. 90,316 2,368,317 Sundaram-Clayton, Ltd. 2,216 155,729 Sundram Fasteners, Ltd. 657,253 4,231,434 Sunteck Realty, Ltd. 274,130 980,059 Suprajit Engineering, Ltd. 94,258 432,191 Supreme Industries, Ltd. 343,834 5,965,957 Supreme Petrochem, Ltd. 158,674 862,415 Surya Roshni, Ltd. 90,591 397,259 Suven Life Sciences, Ltd. 150,357 389,206 * Suzlon Energy, Ltd. 18,852,739 5,567,742 Swaraj Engines, Ltd. 9,458 309,552 Symphony, Ltd. 67,604 1,517,129 * Syndicate Bank 2,231,792 2,560,632 Syngene International, Ltd. 78,574 580,339 TAKE Solutions, Ltd. 465,802 1,078,562 Tamil Nadu Newsprint & Papers, Ltd. 240,759 1,393,080 Tata Chemicals, Ltd. 720,776 6,950,236 Tata Communications, Ltd. 522,204 5,466,316 Tata Consultancy Services, Ltd. 1,682,102 65,406,030 Tata Elxsi, Ltd. 129,187 3,520,242 Tata Global Beverages, Ltd. 3,415,341 9,057,365 Tata Metaliks, Ltd. 106,953 1,118,810 * Tata Motors, Ltd. 5,700,160 39,486,453 Tata Motors, Ltd. Sponsored ADR 247,865 8,536,471 Tata Power Co., Ltd. (The) 7,686,521 9,825,853 Tata Sponge Iron, Ltd. 40,502 525,314 Tata Steel, Ltd. 3,146,020 27,831,752 * Tata Teleservices Maharashtra, Ltd. 3,418,263 412,937 TCI Express, Ltd. 132,361 1,127,011 TD Power Systems, Ltd. 10,538 37,501 Tech Mahindra, Ltd. 3,141,476 18,848,390 Techno Electric & Engineering Co., Ltd. 173,095 983,652 Texmaco Rail & Engineering, Ltd. 574,744 837,803 Thermax, Ltd. 190,261 2,573,303 Thomas Cook India, Ltd. 155,224 544,804 Tide Water Oil Co India, Ltd. 4,347 399,146 Time Technoplast, Ltd. 750,462 1,914,715 Timken India, Ltd. 157,436 1,765,544 Titagarh Wagons, Ltd. 612,834 1,167,069 Titan Co., Ltd. 1,085,804 9,204,195 Torrent Pharmaceuticals, Ltd. 361,700 7,411,628 Torrent Power, Ltd. 958,879 2,711,011 Transport Corp. of India, Ltd. 324,119 1,591,248 Trent, Ltd. 335,830 1,407,410 Trident, Ltd. 612,839 790,172 * Triveni Engineering & Industries, Ltd. 928,202 1,168,721 Triveni Turbine, Ltd. 614,539 1,362,489 TTK Prestige, Ltd. 26,811 2,663,104 Tube Investments of India, Ltd. 406,181 4,943,646 TV Today Network, Ltd. 12,252 46,221 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- -------------- INDIA -- (Continued) * TV18 Broadcast, Ltd. 6,858,239 $ 4,274,172 TVS Motor Co., Ltd. 1,832,355 16,618,609 * TVS Srichakra, Ltd. 14,569 819,441 * UCO Bank 3,099,626 1,605,138 Uflex, Ltd. 363,935 2,520,365 UFO Moviez India, Ltd. 54,133 316,758 Ultratech Cement, Ltd. 191,072 12,103,279 Unichem Laboratories, Ltd. 267,192 1,100,721 * Union Bank of India 2,046,561 5,051,509 * Unitech, Ltd. 24,298,289 3,315,104 * United Bank of India 69,494 21,109 United Breweries, Ltd. 394,147 5,007,697 * United Spirits, Ltd. 226,730 8,955,192 UPL, Ltd. 2,735,412 37,289,392 V-Guard Industries, Ltd. 1,379,926 3,871,903 V-Mart Retail, Ltd. 28,829 530,547 VA Tech Wabag, Ltd. 242,293 2,300,493 * Vaibhav Global, Ltd. 5,508 46,022 Vakrangee, Ltd. 1,391,630 9,557,579 * Vardhman Textiles, Ltd. 120,724 2,301,504 Vedanta, Ltd. 9,980,322 43,476,862 Vedanta, Ltd. ADR 402,259 7,079,758 Venky's India, Ltd. 24,576 809,340 * Videocon Industries, Ltd. 831,296 321,215 Vijaya Bank 2,268,765 2,476,874 Vinati Organics, Ltd. 99,821 1,609,582 VIP Industries, Ltd. 840,641 2,253,353 Voltas, Ltd. 792,538 6,235,058 VRL Logistics, Ltd. 259,934 1,318,009 VST Industries, Ltd. 19,257 924,821 * VST Tillers Tractors, Ltd. 3,591 122,997 WABCO India, Ltd. 26,228 2,238,917 Welspun Corp., Ltd. 959,168 1,939,861 * Welspun Enterprises, Ltd. 437,688 927,656 Welspun India, Ltd. 3,257,643 4,177,736 West Coast Paper Mills, Ltd. 129,634 406,566 * Whirlpool of India, Ltd. 122,232 2,234,119 Wipro, Ltd. 5,034,092 22,656,275 Wockhardt, Ltd. 257,262 2,436,784 Wonderla Holidays, Ltd. 45,284 248,923 Yes Bank, Ltd. 1,654,103 46,714,826 Zee Entertainment Enterprises, Ltd. 2,866,972 24,134,660 Zee Learn, Ltd. 124,473 83,979 Zee Media Corp., Ltd. 523,351 315,648 Zensar Technologies, Ltd. 127,505 1,592,789 Zuari Agro Chemicals, Ltd. 17,382 102,618 Zydus Wellness, Ltd. 60,369 841,924 -------------- TOTAL INDIA 3,273,943,906 -------------- INDONESIA -- (2.7%) Ace Hardware Indonesia Tbk PT 74,406,800 6,201,966 Acset Indonusa Tbk PT 124,300 29,375 Adaro Energy Tbk PT 150,944,300 20,215,757 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- INDONESIA -- (Continued) Adhi Karya Persero Tbk PT 24,752,779 $ 4,121,593 Agung Podomoro Land Tbk PT 75,874,000 1,275,464 AKR Corporindo Tbk PT 8,273,000 4,284,199 Alam Sutera Realty Tbk PT 152,457,200 3,684,999 * Aneka Tambang Persero Tbk PT 111,517,619 5,774,253 Arwana Citramulia Tbk PT 18,995,100 630,018 Asahimas Flat Glass Tbk PT 476,500 228,118 Astra Agro Lestari Tbk PT 4,275,322 4,724,356 Astra Graphia Tbk PT 2,554,000 322,139 Astra International Tbk PT 73,930,100 44,235,814 * Asuransi Kresna Mitra Tbk PT 761,900 39,753 * Bakrie and Brothers Tbk PT 133,554,750 501,181 * Bakrie Telecom Tbk PT 55,922,739 29,380 * Bank Artha Graha Internasional Tbk PT 18,584,000 129,579 Bank Bukopin Tbk 40,530,700 1,808,858 Bank Central Asia Tbk PT 38,638,900 54,250,818 Bank Danamon Indonesia Tbk PT 11,289,454 4,827,579 Bank Mandiri Persero Tbk PT 26,608,418 27,235,788 Bank Maybank Indonesia Tbk PT 3,700,300 87,160 Bank Negara Indonesia Persero Tbk PT 31,660,830 17,689,356 * Bank Pan Indonesia Tbk PT 37,105,400 3,020,651 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 38,630,800 6,000,925 Bank Pembangunan Daerah Jawa Timur Tbk PT 42,047,700 1,987,235 * Bank Permata Tbk PT 35,849,419 1,897,192 Bank Rakyat Indonesia Persero Tbk PT 59,776,100 66,230,177 Bank Tabungan Negara Persero Tbk PT 57,527,635 11,224,546 Bank Tabungan Pensiunan Nasional Tbk PT 2,253,500 426,282 * Barito Pacific Tbk PT 44,525,700 5,564,659 * Bayan Resources Tbk PT 949,000 462,085 Bekasi Fajar Industrial Estate Tbk PT 61,419,500 1,428,815 * Benakat Integra Tbk PT 23,591,300 189,482 * Berau Coal Energy Tbk PT 25,135,500 29,005 BISI International Tbk PT 12,624,712 1,450,134 Blue Bird Tbk PT 389,300 139,690 * Bumi Resources Tbk PT 73,157,800 1,877,292 Bumi Serpong Damai Tbk PT 57,289,000 7,694,889 * Bumi Teknokultura Unggul Tbk PT 2,682,100 217,441 Catur Sentosa Adiprana Tbk PT 864,200 29,960 Charoen Pokphand Indonesia Tbk PT 31,411,260 6,290,734 Ciputra Development Tbk PT 113,941,215 8,851,281 * Citra Marga Nusaphala Persada Tbk PT 13,387,781 1,350,633 * Clipan Finance Indonesia Tbk PT 2,919,000 67,866 * Delta Dunia Makmur Tbk PT 59,852,500 3,571,898 Dharma Satya Nusantara Tbk PT 3,624,400 127,963 * Eagle High Plantations Tbk PT 114,600,400 1,874,596 Elnusa Tbk PT 60,062,700 1,208,413 * Energi Mega Persada Tbk PT 7,629,312 28,633 Erajaya Swasembada Tbk PT 15,295,700 734,374 * Eureka Prima Jakarta Tbk PT 4,897,300 42,990 Fajar Surya Wisesa Tbk PT 1,026,000 352,670 Gajah Tunggal Tbk PT 23,536,700 1,694,653 * Garuda Indonesia Persero Tbk PT 44,798,253 1,163,983 Global Mediacom Tbk PT 73,872,900 2,881,300 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- INDONESIA -- (Continued) Gudang Garam Tbk PT 1,910,200 $10,913,955 * Hanson International Tbk PT 441,529,700 4,308,111 * Harum Energy Tbk PT 9,680,900 1,599,211 Hexindo Adiperkasa Tbk PT 615,356 191,716 Holcim Indonesia Tbk PT 12,895,500 755,270 Indah Kiat Pulp & Paper Corp. Tbk PT 15,992,900 3,325,497 * Indika Energy Tbk PT 6,590,700 408,068 Indo Tambangraya Megah Tbk PT 3,880,200 5,824,412 Indocement Tunggal Prakarsa Tbk PT 6,424,700 8,433,330 Indofood CBP Sukses Makmur Tbk PT 8,046,300 5,041,058 Indofood Sukses Makmur Tbk PT 37,714,400 23,703,723 Indosat Tbk PT 6,156,900 3,003,786 Industri Jamu Dan Farmasi Sido Muncul Tbk PT 2,062,400 77,384 * Inovisi Infracom Tbk PT 2,876,678 4,736 Intiland Development Tbk PT 91,952,500 2,774,424 Japfa Comfeed Indonesia Tbk PT 46,513,200 4,065,400 Jasa Marga Persero Tbk PT 14,394,493 6,319,812 Jaya Real Property Tbk PT 1,762,500 109,154 Kalbe Farma Tbk PT 81,288,400 10,579,230 Kawasan Industri Jababeka Tbk PT 156,386,645 3,731,871 KMI Wire & Cable Tbk PT 20,520,200 745,584 * Krakatau Steel Persero Tbk PT 24,608,037 1,098,729 * Kresna Graha Investama Tbk PT 24,297,000 765,876 Link Net Tbk PT 2,067,200 783,699 * Lippo Cikarang Tbk PT 5,213,600 1,718,098 Lippo Karawaci Tbk PT 167,256,862 8,974,184 Malindo Feedmill Tbk PT 7,756,000 558,674 Matahari Department Store Tbk PT 12,433,600 11,820,685 * Matahari Putra Prima Tbk PT 14,134,572 678,971 Mayora Indah Tbk PT 44,601,625 6,211,336 * Medco Energi Internasional Tbk PT 13,663,200 2,727,958 Media Nusantara Citra Tbk PT 40,335,393 5,445,725 * Mega Manunggal Property Tbk PT 2,062,900 91,355 Metropolitan Kentjana Tbk PT 6,200 11,168 Mitra Adiperkasa Tbk PT 8,575,300 4,054,311 Mitra Keluarga Karyasehat Tbk PT 4,137,100 695,437 * MNC Investama Tbk PT 178,458,000 1,459,776 * MNC Land Tbk PT 26,900 2,499 * MNC Sky Vision Tbk PT 2,282,800 169,550 Modernland Realty Tbk PT 42,513,200 886,988 Multipolar Tbk PT 79,543,000 1,242,194 * Multistrada Arah Sarana Tbk PT 3,155,000 48,635 Nippon Indosari Corpindo Tbk PT 14,129,500 1,325,680 * Nirvana Development Tbk PT 14,389,100 79,956 * Nusantara Infrastructure Tbk PT 116,362,600 1,178,791 Pabrik Kertas Tjiwi Kimia Tbk PT 2,362,000 209,181 Pakuwon Jati Tbk PT 192,799,900 10,270,006 Pan Brothers Tbk PT 49,653,800 1,881,916 * Panin Financial Tbk PT 188,244,900 3,530,595 * Paninvest Tbk PT 5,396,500 335,969 Pembangunan Perumahan Persero Tbk PT 31,083,390 7,072,437 Perusahaan Gas Negara Persero Tbk 56,060,300 9,465,894 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT 45,332,800 4,794,596 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ------------ INDONESIA -- (Continued) PP Properti Tbk PT 2,546,700 $ 39,757 Ramayana Lestari Sentosa Tbk PT 32,164,000 2,281,337 Resource Alam Indonesia Tbk PT 2,034,000 53,730 Salim Ivomas Pratama Tbk PT 34,440,400 1,318,462 Samindo Resources Tbk PT 348,500 17,688 Sampoerna Agro PT 5,442,659 820,816 Sawit Sumbermas Sarana Tbk PT 25,602,500 2,814,834 * Sekawan Intipratama Tbk PT 2,876,400 6,692 Selamat Sempurna Tbk PT 14,097,500 1,190,603 Semen Baturaja Persero Tbk PT 13,870,500 3,435,419 Semen Indonesia Persero Tbk PT 17,758,400 13,254,712 * Sentul City Tbk PT 279,727,400 1,931,326 * Siloam International Hospitals Tbk PT 1,330,500 963,641 Sinar Mas Multiartha Tbk PT 278,500 200,081 Sri Rejeki Isman Tbk PT 153,300,900 3,886,322 Steel Pipe Industry of Indonesia PT 1,402,300 22,935 * Sugih Energy Tbk PT 97,767,600 366,885 Sumber Alfaria Trijaya Tbk PT 289,300 14,770 Summarecon Agung Tbk PT 67,811,764 4,985,696 Surya Citra Media Tbk PT 32,670,100 5,786,253 Surya Semesta Internusa Tbk PT 44,935,200 2,311,071 Tambang Batubara Bukit Asam Persero Tbk PT 7,442,500 7,315,937 Telekomunikasi Indonesia Persero Tbk PT 55,064,300 19,353,381 # Telekomunikasi Indonesia Persero Tbk PT Sponsored ADR 867,405 30,385,197 Tempo Scan Pacific Tbk PT 782,200 113,576 * Tiga Pilar Sejahtera Food Tbk 20,326,239 1,990,822 Timah Persero Tbk PT 40,394,467 2,440,209 Tiphone Mobile Indonesia Tbk PT 20,448,600 1,926,256 Total Bangun Persada Tbk PT 12,914,800 688,271 Tower Bersama Infrastructure Tbk PT 11,728,700 5,933,733 * Trada Maritime Tbk PT 15,736,500 121,686 Trias Sentosa Tbk PT 3,690,500 97,699 * Truba Alam Manunggal Engineering PT 15,388,500 12,704 Tunas Baru Lampung Tbk PT 19,270,400 2,148,260 Tunas Ridean Tbk PT 8,038,500 663,438 Ultrajaya Milk Industry & Trading Co. Tbk PT 2,569,000 963,435 Unilever Indonesia Tbk PT 3,597,800 13,212,798 United Tractors Tbk PT 12,138,346 27,407,252 * Vale Indonesia Tbk PT 27,848,450 5,052,132 * Visi Media Asia Tbk PT 57,137,900 1,345,991 Waskita Karya Persero Tbk PT 26,297,051 4,715,869 Wijaya Karya Beton Tbk PT 10,323,400 469,048 Wijaya Karya Persero Tbk PT 30,797,222 4,805,612 * XL Axiata Tbk PT 27,143,900 6,845,746 ------------ TOTAL INDONESIA 711,658,633 ------------ MALAYSIA -- (3.0%) # 7-Eleven Malaysia Holdings Bhd Class B 1,861,200 595,308 # Aeon Co. M Bhd 4,732,200 2,421,059 Aeon Credit Service M Bhd 599,640 1,904,172 Affin Holdings Bhd 4,025,100 2,416,079 Ahmad Zaki Resources Bhd 150,400 38,662 AirAsia Bhd 16,760,400 12,636,739 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) #* AirAsia X Bhd 27,228,900 $ 2,477,064 Ajinomoto Malaysia Bhd 31,800 192,377 * Alam Maritim Resources Bhd 2,388,000 75,289 Alliance Financial Group Bhd 7,651,100 7,024,902 Allianz Malaysia Bhd 5,600 18,959 AMMB Holdings Bhd 12,120,950 14,007,674 Amway Malaysia Holdings Bhd 109,600 188,112 Ann Joo Resources Bhd 1,533,050 1,084,539 APM Automotive Holdings Bhd 189,700 169,691 Astro Malaysia Holdings Bhd 9,167,100 5,522,611 # Axiata Group Bhd 12,900,504 13,950,129 * Barakah Offshore Petroleum Bhd 693,400 93,954 Batu Kawan Bhd 378,450 1,679,254 Benalec Holdings Bhd 5,318,700 521,568 * Berjaya Assets BHD 457,900 131,445 #* Berjaya Corp. Bhd 35,705,163 2,752,054 Berjaya Food Bhd 71,600 23,410 * Berjaya Land Bhd 2,769,200 278,012 Berjaya Sports Toto Bhd 5,916,098 3,288,147 # Bermaz Auto Bhd 4,471,300 2,046,229 BIMB Holdings Bhd 3,919,599 3,990,449 Bonia Corp. Bhd 4,050,400 544,170 #* Borneo Oil Bhd 7,779,600 182,175 Boustead Holdings Bhd 4,776,231 2,999,508 Boustead Plantations Bhd 1,482,100 574,438 British American Tobacco Malaysia Bhd 616,900 6,336,996 #* Bumi Armada Bhd 25,749,450 4,210,118 Bursa Malaysia Bhd 4,021,700 9,732,575 # Cahya Mata Sarawak Bhd 5,368,000 5,010,491 Can-One Bhd 637,500 510,550 # Carlsberg Brewery Malaysia Bhd Class B 1,239,200 4,340,740 Carotech Bhd 44,425 42 # CB Industrial Product Holding Bhd 3,066,720 1,453,889 Century Logistics Holdings Bhd Class B 174,800 50,603 CIMB Group Holdings Bhd 11,280,407 17,253,877 Coastal Contracts Bhd 1,927,077 593,898 # CSC Steel Holdings Bhd 1,087,100 431,619 Cypark Resources Bhd 1,665,000 979,536 D&O Green Technologies Bhd 5,896,400 859,650 Daibochi Plastic & Packaging Industry Bhd 90,432 46,428 # Datasonic Group Bhd 5,385,900 1,471,916 * Daya Materials Bhd 9,804,900 171,468 #* Dayang Enterprise Holdings Bhd 3,810,012 907,543 #* Destinii Bhd 1,920,300 293,741 Dialog Group Bhd 14,344,284 6,466,403 # DiGi.Com Bhd 12,966,620 14,535,177 DKSH Holdings Malaysia Bhd 112,700 131,590 # DRB-Hicom Bhd 12,107,000 4,777,912 Dutch Lady Milk Industries Bhd 74,500 1,025,898 Eastern & Oriental Bhd 7,959,121 3,068,228 * Eco World Development Group Bhd 4,692,300 1,720,377 # Econpile Holldings Bhd 1,283,500 814,957 # Ekovest Bhd 10,504,550 2,798,960 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) # Evergreen Fibreboard Bhd 5,351,450 $ 1,087,001 # Felda Global Ventures Holdings Bhd 14,103,400 5,370,554 Fraser & Neave Holdings Bhd 41,900 243,609 * Gabungan AQRS Bhd 143,100 51,133 # Gadang Holdings Bhd 7,126,500 2,114,173 Gamuda Bhd 7,944,400 9,832,798 Gas Malaysia Bhd 431,600 293,261 # GD Express Carrier Bhd 1,662,264 262,088 Genting Bhd 11,474,900 26,050,403 Genting Malaysia Bhd 10,302,900 14,424,224 # Genting Plantations Bhd 997,100 2,495,720 # George Kent Malaysia BHD 1,676,125 1,682,610 # Globetronics Technology Bhd 2,130,320 3,063,063 Glomac Bhd 3,530,400 540,011 Goldis Bhd 478,372 312,777 GuocoLand Malaysia Bhd 910,900 250,997 # Hai-O Enterprise Bhd 1,537,800 1,536,705 # HAP Seng Consolidated Bhd 6,360,640 13,501,463 Hap Seng Plantations Holdings Bhd 1,441,000 874,756 Hartalega Holdings Bhd 4,056,300 6,700,037 Heineken Malaysia Bhd 788,100 3,308,997 #* Hengyuan Refining Co. Bhd 528,500 969,848 # HeveaBoard Bhd 4,186,600 1,632,393 Hiap Teck Venture Bhd 444,600 40,478 * Hibiscus Petroleum Bhd 10,401,200 984,607 Hock Seng LEE BHD 1,486,112 531,425 Hong Leong Bank Bhd 2,268,465 8,316,019 Hong Leong Financial Group Bhd 1,465,898 5,862,048 Hong Leong Industries Bhd 502,800 1,231,109 Hovid Bhd 2,361,900 184,781 Hua Yang Bhd 1,801,644 345,012 # Hume Industries Bhd 436,836 230,502 Hup Seng Industries Bhd 1,172,100 331,159 I-Bhd 1,185,700 161,974 IFCA MSC Bhd 707,900 63,530 IHH Healthcare Bhd 4,086,200 5,633,338 IJM Corp. Bhd 21,647,826 17,542,070 IJM Plantations Bhd 1,227,800 868,986 Inari Amertron Bhd 15,859,588 9,481,485 Inch Kenneth Kajang Rubber P.L.C. 113,000 18,443 Insas Bhd 6,511,102 1,596,171 # IOI Corp. Bhd 12,015,777 12,539,984 IOI Properties Group Bhd 8,178,519 4,010,789 * Iris Corp. Bhd 13,227,200 524,293 #* Iskandar Waterfront City Bhd 3,729,400 1,079,079 * JAKS Resources Bhd 3,262,500 1,134,432 # Jaya Tiasa Holdings Bhd 3,291,439 861,093 JCY International Bhd 6,295,800 837,466 # Karex Bhd 1,516,325 573,231 Kawan Food Bhd 13,900 15,839 Keck Seng Malaysia Bhd 320,700 372,254 Kenanga Investment Bank Bhd 1,779,386 220,116 Kerjaya Prospek Group Bhd 460,200 398,629 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) Kian JOO CAN Factory Bhd 1,828,780 $ 1,272,695 Kim Loong Resources Bhd 276,320 258,123 Kimlun Corp. Bhd 749,622 402,720 #* KNM Group Bhd 21,015,781 1,202,310 # Kossan Rubber Industries 3,353,500 5,560,749 # KPJ Healthcare Bhd 4,232,775 4,111,390 Kretam Holdings Bhd 4,405,000 555,493 * KSL Holdings Bhd 6,493,511 1,865,105 Kuala Lumpur Kepong Bhd 1,300,822 7,532,512 Kumpulan Fima Bhd 909,400 401,309 Kumpulan Perangsang Selangor Bhd 2,613,800 799,528 * Kwantas Corp. Bhd 23,900 8,096 # Lafarge Malaysia Bhd 2,345,600 3,129,970 Land & General Bhd 19,466,720 1,045,760 * Landmarks Bhd 1,766,192 352,291 LBS Bina Group Bhd 3,507,500 1,613,657 Lii Hen Indsustries Bhd 236,700 176,276 Lingkaran Trans Kota Holdings Bhd 1,003,600 1,385,378 * Lion Industries Corp. Bhd 1,692,100 454,329 LPI Capital Bhd 277,700 1,164,891 Magni-Tech Industries Bhd 484,400 859,999 # Magnum Bhd 3,452,500 1,378,820 # Mah Sing Group Bhd 11,288,651 4,166,753 # Malakoff Corp. Bhd 4,818,700 1,159,068 Malayan Banking Bhd 17,896,861 39,877,663 # Malayan Flour Mills Bhd 2,132,800 1,170,366 Malaysia Airports Holdings Bhd 4,233,345 8,648,757 Malaysia Building Society Bhd 18,079,975 5,192,304 * Malaysia Marine and Heavy Engineering Holdings Bhd 3,341,400 573,811 #* Malaysian Bulk Carriers Bhd 4,352,723 716,262 Malaysian Pacific Industries Bhd 1,039,025 3,442,775 # Malaysian Resources Corp. Bhd 11,231,100 3,196,230 Malton Bhd 4,071,100 1,121,374 # Matrix Concepts Holdings Bhd 2,691,950 1,716,339 # Maxis Bhd 5,635,815 7,437,969 # MBM Resources Bhd 1,203,710 631,825 Media Chinese International, Ltd. 905,600 114,147 # Media Prima Bhd 7,465,620 1,569,004 Mega First Corp. Bhd 896,800 804,440 MISC Bhd 5,604,260 9,666,459 Mitrajaya Holdings Bhd 4,611,100 1,431,837 * MK Land Holdings Bhd 5,055,100 324,731 # MKH Bhd 2,621,375 1,377,386 MMC Corp. Bhd 6,664,200 3,733,014 * MNRB Holdings Bhd 1,457,750 854,742 #* MPHB Capital Bhd 868,200 304,124 * Mudajaya Group Bhd 3,292,433 961,542 # Muhibbah Engineering M Bhd 4,123,200 2,695,634 * Mulpha International Bhd 1,868,040 1,052,366 # My EG Services Bhd 20,208,000 10,191,468 * Naim Holdings Bhd 1,872,900 551,446 Notion VTEC Bhd 128,000 36,748 NTPM Holdings Bhd 1,527,800 281,691 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) * OCK Group Bhd 2,042,900 $ 426,842 # Oldtown Bhd 3,025,825 1,943,758 Oriental Holdings Bhd 676,640 1,041,185 # OSK Holdings Bhd 5,257,445 1,963,583 # Padini Holdings Bhd 5,765,100 5,035,292 Panasonic Manufacturing Malaysia Bhd 81,300 702,453 Pantech Group Holdings Bhd 1,605,800 247,486 Paramount Corp. Bhd 1,133,925 487,187 #* Parkson Holdings Bhd 5,192,635 672,823 * Pentamaster Corp., Bhd 573,700 589,229 PESTECH International Bhd 527,200 190,798 Petron Malaysia Refining & Marketing Bhd 155,000 325,933 Petronas Chemicals Group Bhd 8,860,600 14,394,718 Petronas Dagangan Bhd 942,600 5,235,777 # Petronas Gas Bhd 2,150,908 9,411,749 Pharmaniaga Bhd 541,580 561,779 Pie Industrial Bhd 1,027,300 561,488 # Pos Malaysia Bhd 3,102,400 3,834,188 Power Root Bhd 206,500 106,084 PPB Group Bhd 2,279,000 8,971,431 # Press Metal Aluminium Holdings Bhd 11,263,280 7,497,454 Prestariang Bhd 1,201,400 532,688 # Protasco Bhd 2,896,000 702,903 Public Bank Bhd 8,705,611 41,237,726 #* Puncak Niaga Holdings Bhd 1,506,260 302,408 # QL Resources Bhd 3,819,760 4,450,752 RGB International Bhd 2,535,500 168,771 RHB Bank Bhd 5,760,919 6,727,990 * Rimbunan Sawit Bhd 1,063,700 110,539 * Salcon Bhd 5,809,355 698,600 Salutica Bhd 40,300 13,824 Sam Engineering & Equipment M Bhd 46,100 89,688 Sapura Energy Bhd 32,946,588 11,854,477 Sarawak Oil Palms Bhd 762,891 637,718 Scicom MSC Bhd 236,500 123,147 # Scientex Bhd 2,051,228 4,148,961 * Scomi Group Bhd 8,281,700 212,914 SEG International Bhd 533,828 85,973 Selangor Dredging Bhd 366,400 97,555 Selangor Properties Bhd 78,800 89,447 Shangri-La Hotels Malaysia Bhd 382,300 446,252 SHL Consolidated Bhd 171,700 114,302 # Sime Darby Bhd 7,831,087 17,283,920 # SKP Resources Bhd 5,018,200 1,618,731 SP Setia Bhd Group 3,742,270 2,892,725 # Star Media Group Bhd 1,502,700 821,243 * Sumatec Resources Bhd 4,417,200 51,581 Sunway Bhd 7,223,056 7,219,760 # Sunway Construction Group Bhd 2,283,519 1,136,184 # Supermax Corp. Bhd 4,597,150 2,060,979 Suria Capital Holdings Bhd 279,650 136,597 # Syarikat Takaful Malaysia Bhd 3,137,000 2,973,579 Symphony Life Bhd 321,132 71,632 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ MALAYSIA -- (Continued) # Ta Ann Holdings Bhd 2,139,023 $ 1,748,421 TA Enterprise Bhd 12,515,500 1,769,273 # TA Global Bhd 9,197,440 667,025 Taliworks Corp. Bhd 594,200 206,659 # Tambun Indah Land Bhd 2,204,100 684,516 TAN Chong Motor Holdings Bhd 1,250,700 502,435 Tasek Corp. Bhd 38,700 117,507 TDM Bhd 9,957,530 1,302,461 Telekom Malaysia Bhd 4,121,102 6,124,239 Tenaga Nasional Bhd 9,612,581 31,693,053 TH Plantations Bhd 1,213,540 317,397 Thong Guan Industries Bhd 223,600 218,290 # Time dotCom Bhd 1,591,460 3,586,484 # Tiong NAM Logistics Holdings 1,849,200 759,720 # Top Glove Corp. Bhd 7,744,760 10,379,100 Tropicana Corp. Bhd 5,266,390 1,180,553 TSH Resources Bhd 3,013,850 1,175,439 # Tune Protect Group Bhd 4,790,000 1,219,023 Uchi Technologies Bhd 2,066,240 907,302 # UEM Edgenta Bhd 2,606,800 1,645,580 #* UEM Sunrise Bhd 19,226,945 5,161,991 #* UMW Holdings Bhd 4,255,606 5,794,700 #* UMW Oil & Gas Corp. Bhd 10,450,419 732,496 Unisem M Bhd 5,832,620 5,226,233 United Malacca Bhd 206,050 305,564 United Plantations Bhd 161,400 1,042,965 United U-Li Corp. Bhd 562,200 524,921 UOA Development Bhd 4,431,100 2,690,776 * Uzma Bhd 968,400 337,269 ViTrox Corp. Bhd 323,800 344,598 #* Vivocom International Holdings Bhd 2,979,700 96,849 # VS Industry Bhd 9,828,340 5,053,463 Wah Seong Corp. Bhd 2,532,539 561,865 * WCE Holdings Bhd 1,271,800 424,700 #* WCT Holdings Bhd 9,896,747 4,390,013 Wellcall Holdings Bhd 2,099,100 1,098,150 Westports Holdings Bhd 5,967,200 5,198,003 WTK Holdings Bhd 2,932,850 592,134 # Yinson Holdings Bhd 2,060,600 1,708,437 * YNH Property Bhd 3,931,294 1,303,333 YTL Corp. Bhd 38,548,553 12,602,095 * YTL Land & Development Bhd 1,074,000 144,244 YTL Power International Bhd 10,359,666 3,386,746 Zhulian Corp. Bhd 598,966 236,383 ------------ TOTAL MALAYSIA 795,423,208 ------------ MEXICO -- (3.7%) Alfa S.A.B. de C.V. Class A 23,129,696 32,104,187 # Alpek S.A.B. de C.V. 4,357,843 5,008,368 Alsea S.A.B. de C.V. 4,752,356 18,494,213 America Movil S.A.B. de C.V. Series L 41,793,981 36,928,483 America Movil S.A.B. de C.V. Series L ADR 3,632,539 64,223,289 Arca Continental S.A.B. de C.V. 2,621,745 19,490,967 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- MEXICO -- (Continued) #* Axtel S.A.B. de C.V. 9,156,975 $ 2,175,762 # Banregio Grupo Financiero S.A.B. de C.V. 2,738,497 17,948,481 * Bio Pappel S.A.B. de C.V. 222,356 332,113 # Bolsa Mexicana de Valores S.A.B. de C.V. 4,292,208 7,372,881 * Cemex S.A.B. de C.V. 11,912,211 11,509,059 * Cemex S.A.B. de C.V. Sponsored ADR 6,655,689 64,626,742 Cia Minera Autlan S.A.B. de C.V. Series B 160,371 147,737 # Coca-Cola Femsa S.A.B. de C.V. Series L 255,761 2,176,680 # Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR 122,202 10,384,726 # Consorcio ARA S.A.B. de C.V. Series * 10,174,393 3,411,944 #* Controladora Vuela Cia de Aviacion S.A.B. de C.V. ADR 339,768 4,654,822 #* Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A 999,192 1,373,977 #* Corp Interamericana de Entretenimiento S.A.B. de C.V. Class B 222,600 211,941 Corp. Actinver S.A.B. de C.V. 61,598 44,981 Corp. Inmobiliaria Vesta S.A.B. de C.V. 4,477,246 6,765,225 # Corp. Moctezuma S.A.B. de C.V. Series * 392,200 1,542,143 Credito Real S.A.B. de C.V. SOFOM ER 1,210,233 2,143,443 Cydsa S.A.B. de C.V. 6,129 8,259 #* Desarrolladora Homex S.A.B. de C.V. 372,701 22,191 Dine S.A.B. de C.V. 7,300 4,203 # El Puerto de Liverpool S.A.B. de C.V. Class C1 573,101 5,150,746 #* Elementia S.A.B. de C.V. 28,179 40,521 #* Empresas ICA S.A.B. de C.V. 4,691,828 411,136 * Financiera Independencia S.A.B. de C.V. SOFOM ENR 246,788 42,974 Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR 486,464 49,074,488 #* Genomma Lab Internacional S.A.B. de C.V. Class B 7,522,600 9,655,465 # Gentera S.A.B. de C.V. 6,663,663 10,106,384 # Gruma S.A.B. de C.V. Class B 1,664,498 22,950,017 * Grupo Aeromexico S.A.B. de C.V. 707,477 1,467,213 # Grupo Aeroportuario del Centro Norte S.A.B. de C.V. 1,946,888 12,297,574 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. ADR 100 5,059 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR 171,025 19,599,465 Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B 921,345 10,541,191 # Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR 50,793 10,796,052 Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B 820,276 17,440,397 # Grupo Bimbo S.A.B. de C.V. Series A 7,535,481 18,950,343 # Grupo Carso S.A.B. de C.V. Series A1 2,756,439 11,513,484 Grupo Cementos de Chihuahua S.A.B. de C.V. 254,007 1,326,501 # Grupo Comercial Chedraui S.A. de C.V. 2,635,972 5,522,918 # Grupo Elektra S.A.B. de C.V. 295,881 13,223,525 #* Grupo Famsa S.A.B. de C.V. Class A 2,994,741 1,729,304 Grupo Financiero Banorte S.A.B. de C.V. Class O 7,050,936 46,731,635 Grupo Financiero Inbursa S.A.B. de C.V. Class O 8,688,621 15,612,919 Grupo Financiero Interacciones SA de C.V. Class O 815,406 4,589,450 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B 4,302,618 8,823,962 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B ADR 669,690 6,871,019 #* Grupo GICSA S.A. de C.V. 317,876 217,840 * Grupo Gigante S.A.B. de C.V. Series * 41,000 80,284 # Grupo Herdez S.A.B. de C.V. Series * 1,684,983 3,794,465 Grupo Industrial Saltillo S.A.B. de C.V. 101,243 232,599 # Grupo KUO S.A.B. de C.V. Series B 271,325 635,924 # Grupo Lala S.A.B. de C.V. 2,655,827 5,224,382 Grupo Mexico S.A.B. de C.V. Series B 21,592,386 70,286,688 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ MEXICO -- (Continued) * Grupo Pochteca S.A.B. de C.V. 387,811 $ 154,449 # Grupo Rotoplas S.A.B. de C.V. 130,688 215,385 Grupo Sanborns S.A.B. de C.V. 607,792 735,735 * Grupo Simec S.A.B. de C.V. Series B 1,595,682 5,697,040 #* Grupo Simec S.A.B. de C.V. Sponsored ADR 8,806 94,224 #* Grupo Sports World S.A.B. de C.V. 218,149 198,512 # Grupo Televisa S.A.B. Series CPO 3,329,047 17,757,411 Grupo Televisa S.A.B. Sponsored ADR 2,043,024 54,385,299 #* Hoteles City Express S.A.B. de C.V. 1,853,975 2,301,522 * Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V. 2,275,386 4,345,633 # Industrias Bachoco S.A.B. de C.V. Series B 1,168,266 5,827,385 Industrias Bachoco S.A.B. de C.V. Sponsored ADR 52,638 3,148,279 * Industrias CH S.A.B. de C.V. Series B 2,252,115 10,914,899 Industrias Penoles S.A.B. de C.V. 815,160 20,009,826 # Infraestructura Energetica Nova S.A.B. de C.V. 2,907,039 16,460,021 # Kimberly-Clark de Mexico S.A.B. de C.V. Class A 8,619,848 17,334,114 #* La Comer S.A.B. de C.V. 4,229,196 4,287,993 #* Maxcom Telecomunicaciones S.A.B. de C.V. 93,193 36,251 Megacable Holdings S.A.B. de C.V. 1,848,512 7,665,056 Mexichem S.A.B. de C.V. 7,527,891 21,481,076 #* Minera Frisco S.A.B. de C.V. Class A1 2,215,165 1,411,036 # Nemak S.A.B. de C.V. 638,976 576,433 # Organizacion Cultiba S.A.B. de C.V. 179,151 163,025 * Organizacion Soriana S.A.B. de C.V. Class B 3,374,203 8,356,613 Promotora y Operadora de Infraestructura S.A.B. de C.V. 1,373,446 15,067,981 Promotora y Operadora de Infraestructura S.A.B. de C.V. 13,054 112,652 # Qualitas Controladora S.A.B. de C.V. 835,668 1,385,700 # Rassini S.A.B. de C.V. 215,859 1,030,521 Rassini S.A.B. De C.V. Class A 183,827 428,112 #* Telesites S.A.B. de C.V. 5,729,487 4,193,524 # TV Azteca S.A.B. de C.V. 9,229,734 1,757,551 # Unifin Financiera S.A.B. de C.V. SOFOM ENR 219,846 716,128 Vitro S.A.B. de C.V. Series A 327,447 1,470,178 Wal-Mart de Mexico S.A.B. de C.V. 16,371,536 37,888,346 ------------ TOTAL MEXICO 965,660,651 ------------ PERU -- (0.1%) Cementos Pacasmayo SAA ADR 35,760 411,596 Cia de Minas Buenaventura SAA ADR 156,351 1,913,736 Credicorp, Ltd. 152,557 28,244,403 * Fossal SAA ADR 3,794 4,097 * Grana y Montero SAA Sponsored ADR 184,099 587,276 ------------ TOTAL PERU 31,161,108 ------------ PHILIPPINES -- (1.3%) A Soriano Corp. 818,000 112,588 Aboitiz Equity Ventures, Inc. 5,490,080 8,265,358 Aboitiz Power Corp. 5,493,200 4,244,350 ACR Mining Corp. 11,905 792 Alliance Global Group, Inc. 24,947,994 7,097,594 Alsons Consolidated Resources, Inc. 3,329,000 92,299 * Apex Mining Co., Inc. 4,972,000 156,791 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- PHILIPPINES -- (Continued) * Atlas Consolidated Mining & Development Corp. 2,979,300 $ 318,851 Ayala Corp. 683,715 11,713,327 Ayala Land, Inc. 23,346,120 19,429,965 Bank of the Philippine Islands 2,540,353 5,264,060 BDO Unibank, Inc. 6,135,803 15,300,550 Belle Corp. 28,723,700 2,157,237 * Bloomberry Resorts Corp. 29,077,300 5,073,229 Cebu Air, Inc. 2,379,100 4,761,777 Cebu Holdings, Inc. 2,065,000 219,280 Century Pacific Food, Inc. 3,673,250 1,343,591 Century Properties Group, Inc. 1,153,062 11,879 China Banking Corp. 1,222,306 882,753 Cirtek Holdings Philippines Corp. 179,300 113,706 COL Financial Group, Inc. 133,700 42,565 Cosco Capital, Inc. 7,760,600 1,189,021 D&L Industries, Inc. 23,306,300 5,661,753 DMCI Holdings, Inc. 29,842,600 9,519,013 * DoubleDragon Properties Corp. 1,659,390 1,512,862 East West Banking Corp. 1,883,200 1,192,423 EEI Corp. 3,937,700 991,315 Emperador, Inc. 2,688,200 398,913 * Empire East Land Holdings, Inc. 22,778,000 338,605 Energy Development Corp. 81,645,400 9,659,505 Filinvest Development Corp. 89,300 13,530 Filinvest Land, Inc. 147,653,687 5,180,482 First Gen Corp. 11,487,500 3,938,441 First Philippine Holdings Corp. 2,447,940 3,201,680 * Global Ferronickel Holdings, Inc. 3,992,000 208,756 Globe Telecom, Inc. 157,155 6,593,103 GT Capital Holdings, Inc. 272,105 6,543,653 Integrated Micro-Electronics, Inc. 2,719,400 711,477 International Container Terminal Services, Inc. 4,057,452 8,586,354 JG Summit Holdings, Inc. 6,413,770 10,103,110 Jollibee Foods Corp. 2,440,877 10,876,393 Leisure & Resorts World Corp. 1,361,320 121,444 * Lepanto Consolidated Mining Co. 30,246,517 114,655 Lopez Holdings Corp. 17,845,500 2,474,745 LT Group, Inc. 11,404,300 3,979,624 Manila Electric Co. 1,130,690 6,252,316 Manila Water Co., Inc. 9,873,200 6,258,565 Max's Group, Inc. 818,100 321,378 * Megawide Construction Corp. 5,996,970 2,084,920 Megaworld Corp. 98,087,600 9,330,222 * Melco Resorts And Entertainment Philippines Corp. 12,581,300 2,244,629 Metro Pacific Investments Corp. 72,293,800 9,725,596 Metro Retail Stores Group, Inc. 154,000 12,084 Metropolitan Bank & Trust Co. 3,163,775 5,456,072 Nickel Asia Corp. 4,963,500 589,933 Pepsi-Cola Products Philippines, Inc. 10,754,791 682,153 Petron Corp. 16,462,200 3,086,761 Philex Mining Corp. 2,206,050 386,670 Philippine National Bank 2,079,123 2,760,276 Philippine Stock Exchange, Inc. (The) 84,552 401,917 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ PHILIPPINES -- (Continued) Philweb Corp. 3,638,640 $ 675,280 Phinma Energy Corp. 14,418,000 545,588 Phoenix Petroleum Philippines, Inc. 1,825,670 440,808 PLDT, Inc. 260,095 8,438,523 PLDT, Inc. Sponsored ADR 202,582 6,577,838 Premium Leisure Corp. 34,418,000 1,091,402 Puregold Price Club, Inc. 4,967,400 4,638,362 RFM Corp. 6,096,300 543,315 Rizal Commercial Banking Corp. 2,030,745 2,293,697 Robinsons Land Corp. 14,945,050 7,614,689 Robinsons Retail Holdings, Inc. 1,760,860 3,024,141 San Miguel Corp. 3,096,800 6,234,179 San Miguel Pure Foods Co., Inc. 7,610 46,456 Security Bank Corp. 1,908,428 8,847,624 Semirara Mining & Power Corp. 2,016,700 6,774,432 SM Investments Corp. 540,530 8,644,088 SM Prime Holdings, Inc. 21,345,190 14,769,824 * SSI Group, Inc. 1,188,000 102,318 STI Education Systems Holdings, Inc. 16,031,000 469,930 * Top Frontier Investment Holdings, Inc. 153,057 925,111 Travellers International Hotel Group, Inc. 2,905,600 193,940 Union Bank of the Philippines 1,479,462 2,529,184 Universal Robina Corp. 3,323,600 10,601,441 Vista Land & Lifescapes, Inc. 50,243,600 5,962,218 Xurpas, Inc. 2,162,700 312,836 ------------ TOTAL PHILIPPINES 331,604,115 ------------ POLAND -- (1.6%) * AB SA 2,455 23,688 * Agora SA 183,300 811,044 * Alior Bank SA 552,540 9,843,025 Alumetal SA 936 11,713 # Amica SA 26,812 1,213,720 * AmRest Holdings SE 12,515 1,286,842 Apator SA 35,780 315,187 Asseco Poland SA 668,873 8,407,614 Bank Handlowy w Warszawie SA 168,267 3,324,349 * Bank Millennium SA 3,256,447 6,988,646 Bank Pekao SA 288,537 10,252,299 # Bank Zachodni WBK SA 122,961 12,982,339 #* Bioton SA 313,879 501,257 * Boryszew SA 1,835,982 5,570,274 Budimex SA 88,738 5,458,296 CCC SA 153,640 10,428,386 CD Projekt SA 648,593 15,605,040 #* CI Games SA 112,440 32,205 * Ciech SA 360,371 5,786,052 Colian Holding SA 52,481 49,337 ComArch SA 11,923 675,374 Cyfrowy Polsat SA 1,083,984 7,726,826 Dom Development SA 10,491 222,755 Elektrobudowa SA 2,716 81,973 * Emperia Holding SA 66,611 1,570,835 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ POLAND -- (Continued) # Enea SA 2,058,810 $ 8,678,493 Energa SA 1,081,430 3,829,009 # Eurocash SA 698,048 6,895,516 Fabryki Mebli Forte SA 94,312 1,778,528 * Famur SA 233,399 389,154 Firma Oponiarska Debica SA 10,995 333,561 * Getin Holding SA 2,274,504 841,378 #* Getin Noble Bank SA 3,219,196 1,261,662 Globe Trade Centre SA 254,946 679,817 # Grupa Azoty SA 219,268 4,288,618 Grupa Azoty Zaklady Chemiczne Police SA 17,834 101,684 # Grupa Kety SA 52,892 6,157,942 * Grupa Lotos SA 1,034,208 13,974,698 * Impexmetal SA 1,188,985 1,455,618 #* ING Bank Slaski SA 118,510 6,515,946 # Inter Cars SA 21,390 1,699,512 * Jastrzebska Spolka Weglowa SA 322,743 7,430,008 Kernel Holding SA 479,780 8,488,556 KGHM Polska Miedz SA 735,479 25,021,967 KRUK SA 110,763 10,594,432 LC Corp. SA 600,348 319,058 Lentex SA 34,442 90,460 # LPP SA 4,389 8,553,721 Lubelski Wegiel Bogdanka SA 70,288 1,402,576 * mBank SA 74,922 9,477,211 * MCI Capital SA 114,263 287,748 Netia SA 1,878,054 2,067,684 Neuca SA 21,617 1,970,422 Newag SA 182 864 #* Orange Polska SA 4,211,819 6,387,304 Orbis SA 69,446 1,651,328 # Pfleiderer Group SA 87,279 1,104,665 PGE Polska Grupa Energetyczna SA 6,193,372 22,569,767 * PKP Cargo SA 62,576 1,079,053 #* Polnord SA 283,571 807,700 Polski Koncern Naftowy Orlen SA 2,073,148 61,380,526 Polskie Gornictwo Naftowe i Gazownictwo SA 5,392,600 10,022,453 * Powszechna Kasa Oszczednosci Bank Polski SA 2,340,138 23,959,381 Powszechny Zaklad Ubezpieczen SA 2,004,951 24,697,473 * Rafako SA 379,308 652,180 Stalexport Autostrady SA 418,081 495,629 Stalprodukt SA 6,978 969,910 # Synthos SA 4,283,283 5,289,630 * Tauron Polska Energia SA 10,690,999 11,330,199 Trakcja SA 509,863 1,925,817 * Vistula Group SA 778,171 727,380 Warsaw Stock Exchange 200,155 2,614,073 Wawel SA 550 171,920 * Zespol Elektrowni Patnow Adamow Konin SA 49,544 260,265 ------------ TOTAL POLAND 421,851,572 ------------ RUSSIA -- (1.1%) Etalon Group, Ltd. GDR(B5TWX80) 650,174 2,328,525 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ RUSSIA -- (Continued) Etalon Group, Ltd. GDR(29760G103) 214,610 $ 767,231 Gazprom PJSC Sponsored ADR 7,960,709 30,988,891 Globaltrans Investment P.L.C. GDR 152,375 1,174,811 Globaltrans Investment P.L.C. Sponsored GDR 193,097 1,488,237 * Lenta, Ltd. GDR(BJ621Y903) 143,301 860,264 * Lenta, Ltd. GDR(52634T200) 482,559 2,895,354 Lukoil PJSC Sponsored ADR(69343P105) 85,675 4,038,720 Lukoil PJSC Sponsored ADR(BYZDW2900) 598,466 27,885,667 Magnitogorsk Iron & Steel Works PJSC Sponsored GDR 630,539 4,693,959 * Mail.Ru Group, Ltd. GDR(B53NQB903) 109,976 3,038,760 * Mail.Ru Group, Ltd. GDR(560317208) 974 26,892 * Mechel PJSC Sponsored ADR 326,307 1,553,219 MegaFon PJSC GDR(B8PQQ7905) 377,606 3,624,699 MegaFon PJSC GDR(58517T209) 22,967 221,172 MMC Norilsk Nickel PJSC ADR 1,034,973 15,358,583 Novatek PJSC GDR 111,723 11,705,380 Novolipetsk Steel PJSC GDR(B0RTNX900) 348,244 7,276,017 Novolipetsk Steel PJSC GDR(67011E204) 11,849 247,526 O'Key Group SA GDR 71,285 153,468 PhosAgro PJSC GDR 198,874 2,728,403 Ros Agro P.L.C. GDR 136,915 1,643,908 Rosneft Oil Co. PJSC GDR(B17FSC901) 2,952,866 15,166,153 Rosneft Oil Co. PJSC GDR(67812M207) 360,237 1,848,016 Rostelecom PJSC Sponsored ADR(B114RM901) 164,180 1,081,350 Rostelecom PJSC Sponsored ADR(778529107) 104,085 673,950 RusHydro PJSC ADR 4,579,241 5,724,248 Sberbank of Russia PJSC Sponsored ADR(B5SC09903) 4,081,901 47,524,279 Sberbank of Russia PJSC Sponsored ADR(80585Y308) 904,005 10,617,539 Severstal PJSC GDR(B1G4YH908) 650,882 8,945,059 Severstal PJSC GDR(818150302) 4,482 61,583 Tatneft PJSC Sponsored ADR 781,396 30,131,245 TMK PJSC GDR(B1FY0V909) 80,338 419,924 TMK PJSC GDR(87260R201) 236,476 1,236,770 VEON, Ltd. 2,225,349 9,101,677 VTB Bank PJSC GDR(46630Q202) 4,009,846 7,739,003 VTB Bank PJSC GDR(B1W7FX909) 3,938,248 7,599,570 * X5 Retail Group NV GDR 398,885 15,430,723 ------------ TOTAL RUSSIA 288,000,775 ------------ SOUTH AFRICA -- (6.7%) # Adcock Ingram Holdings, Ltd. 642,450 3,102,973 Adcorp Holdings, Ltd. 347,008 371,303 Advtech, Ltd. 2,769,414 3,771,992 Aeci, Ltd. 1,179,566 9,484,026 African Oxygen, Ltd. 590,364 842,574 #* African Phoenix Investments, Ltd. 4,779,215 257,574 African Rainbow Minerals, Ltd. 1,279,313 9,113,905 Afrimat, Ltd. 57,988 118,358 Alexander Forbes Group Holdings, Ltd. 1,169,306 600,354 * Allied Electronics Corp., Ltd. Class A 58,091 53,424 Alviva Holdings, Ltd. 1,322,966 2,041,596 * Anglo American Platinum, Ltd. 283,267 6,936,769 AngloGold Ashanti, Ltd. 214,146 2,163,529 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- SOUTH AFRICA -- (Continued) AngloGold Ashanti, Ltd. Sponsored ADR 4,151,296 $41,595,986 * ArcelorMittal South Africa, Ltd. 1,520,629 578,904 # Ascendis Health, Ltd. 800,062 1,215,714 # Aspen Pharmacare Holdings, Ltd. 1,547,741 32,440,226 Assore, Ltd. 245,410 3,974,616 Astral Foods, Ltd. 478,499 5,263,524 * Attacq, Ltd. 2,880,479 3,913,936 * Aveng, Ltd. 3,284,303 1,299,272 AVI, Ltd. 3,912,324 29,096,310 Barclays Africa Group, Ltd. 4,121,210 45,242,246 Barloworld, Ltd. 3,044,501 27,397,081 Bid Corp., Ltd. 1,856,988 44,597,223 # Bidvest Group, Ltd. (The) 2,872,419 36,564,828 Blue Label Telecoms, Ltd. 4,181,526 5,377,675 #* Brait SE 1,370,389 6,537,271 # Capitec Bank Holdings, Ltd. 295,321 19,264,733 Cashbuild, Ltd. 224,690 6,122,558 Caxton and CTP Publishers and Printers, Ltd. 433,083 402,682 City Lodge Hotels, Ltd. 284,379 3,046,097 Clicks Group, Ltd. 2,283,660 25,892,669 Clover Industries, Ltd. 562,512 715,650 * Consolidated Infrastructure Group, Ltd. 428,833 514,023 Coronation Fund Managers, Ltd. 2,187,928 11,325,578 #* Curro Holdings, Ltd. 363,396 1,170,538 DataTec, Ltd. 2,134,611 9,301,416 # Discovery, Ltd. 2,708,265 28,829,286 Distell Group, Ltd. 231,469 2,551,378 # DRDGOLD, Ltd. 3,764,725 1,256,714 DRDGOLD, Ltd. Sponsored ADR 4,569 15,123 * enX Group, Ltd. 187,307 224,852 EOH Holdings, Ltd. 1,195,218 9,773,822 * Evraz Highveld Steel and Vanadium, Ltd. 35,483 67 Exxaro Resources, Ltd. 1,652,715 13,647,276 Famous Brands, Ltd. 750,741 6,642,196 FirstRand, Ltd. 23,057,325 90,696,205 # Foschini Group, Ltd. (The) 2,687,473 30,936,961 Gold Fields, Ltd. 952,008 3,797,802 # Gold Fields, Ltd. Sponsored ADR 8,442,714 33,686,429 Grand Parade Investments, Ltd. 885,554 221,751 * Grindrod, Ltd. 5,400,359 5,072,197 Group Five, Ltd. 715,984 925,461 Harmony Gold Mining Co., Ltd. 1,638,854 2,928,722 Harmony Gold Mining Co., Ltd. Sponsored ADR 4,049,087 7,328,847 Holdsport, Ltd. 108,871 552,756 * Howden Africa Holdings, Ltd. 15,743 44,136 Hudaco Industries, Ltd. 266,819 2,554,477 Hulamin, Ltd. 737,867 358,424 #* Impala Platinum Holdings, Ltd. 4,377,700 11,688,503 Imperial Holdings, Ltd. 1,724,927 22,784,363 # Investec, Ltd. 2,313,298 17,312,940 Invicta Holdings, Ltd. 119,106 483,291 Italtile, Ltd. 155,275 149,636 JSE, Ltd. 1,033,170 10,344,241 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SOUTH AFRICA -- (Continued) KAP Industrial Holdings, Ltd. 5,405,984 $ 3,291,496 #* Kumba Iron Ore, Ltd. 612,969 9,149,171 # Lewis Group, Ltd. 1,279,340 2,989,971 # Liberty Holdings, Ltd. 1,490,959 12,791,080 Life Healthcare Group Holdings, Ltd. 11,098,951 21,331,197 Massmart Holdings, Ltd. 1,340,859 11,262,074 Merafe Resources, Ltd. 9,771,918 1,008,073 Metair Investments, Ltd. 1,266,624 1,863,942 Metrofile Holdings, Ltd. 113,854 37,094 MMI Holdings, Ltd. 10,954,977 17,182,235 Mondi, Ltd. 946,463 24,572,582 Mpact, Ltd. 1,459,531 3,046,707 Mr. Price Group, Ltd. 1,757,547 23,097,031 MTN Group, Ltd. 10,585,696 95,184,635 Murray & Roberts Holdings, Ltd. 4,222,536 4,437,754 * Nampak, Ltd. 5,816,571 8,435,469 Naspers, Ltd. Class N 466,930 103,216,923 # Nedbank Group, Ltd. 1,797,037 29,889,184 * NEPI Rockcastle P.L.C. 580,292 7,729,888 Netcare, Ltd. 7,818,253 14,549,604 * Northam Platinum, Ltd. 3,257,303 11,336,855 Oceana Group, Ltd. 381,367 2,732,642 Omnia Holdings, Ltd. 593,585 6,129,018 Peregrine Holdings, Ltd. 2,677,251 6,090,072 # Pick n Pay Stores, Ltd. 2,993,517 14,407,772 Pioneer Foods Group, Ltd. 898,048 9,541,141 #* PPC, Ltd. 13,987,148 5,070,281 PSG Group, Ltd. 534,173 10,486,051 Raubex Group, Ltd. 1,313,668 2,363,027 RCL Foods, Ltd. 179,895 216,945 Reunert, Ltd. 1,783,760 9,730,275 # Rhodes Food Group Pty, Ltd. 441,190 761,411 * Royal Bafokeng Platinum, Ltd. 309,377 719,869 Sanlam, Ltd. 10,719,985 53,991,615 Santam, Ltd. 297,845 5,476,578 Sappi, Ltd. 5,302,135 35,121,724 Sasol, Ltd. 1,457,316 43,926,422 # Sasol, Ltd. Sponsored ADR 1,144,917 34,507,798 Shoprite Holdings, Ltd. 2,925,341 44,757,303 Sibanye Gold, Ltd. 7,345,167 9,375,300 # Sibanye Gold, Ltd. Sponsored ADR 2,095,367 10,812,094 SPAR Group, Ltd. (The) 1,933,970 24,240,537 Spur Corp., Ltd. 510,156 1,090,710 # Standard Bank Group, Ltd. 7,390,636 91,812,259 * Stefanutti Stocks Holdings, Ltd. 186,764 43,981 # Steinhoff International Holdings NV 9,822,470 49,151,302 Sun International, Ltd. 940,422 3,959,809 * Super Group, Ltd. 3,943,239 10,905,005 Telkom SA SOC, Ltd. 3,005,843 14,836,726 Tiger Brands, Ltd. 1,110,086 33,657,017 Tongaat Hulett, Ltd. 919,087 8,281,519 Transaction Capital, Ltd. 366,898 412,450 Trencor, Ltd. 719,013 1,922,555 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- SOUTH AFRICA -- (Continued) # Truworths International, Ltd. 4,021,314 $ 23,069,475 Tsogo Sun Holdings, Ltd. 4,194,835 7,279,573 Vodacom Group, Ltd. 1,522,509 20,573,291 Wilson Bayly Holmes-Ovcon, Ltd. 613,900 6,378,242 Woolworths Holdings, Ltd. 6,935,215 33,145,504 -------------- TOTAL SOUTH AFRICA 1,749,897,247 -------------- SOUTH KOREA -- (16.3%) #* 3S Korea Co., Ltd. 61,927 110,767 # ABco Electronics Co., Ltd. 45,562 341,478 # ABOV Semiconductor Co., Ltd. 59,125 417,924 #* Ace Technologies Corp. 118,657 458,737 #* Actoz Soft Co., Ltd. 42,950 554,283 # Advanced Nano Products Co., Ltd. 45,920 644,855 #* Advanced Process Systems Corp. 45,365 1,779,822 Aekyung Petrochemical Co., Ltd. 150,108 2,080,721 # AfreecaTV Co., Ltd. 89,548 1,921,296 #* Agabang&Company 207,215 1,072,734 # Ahn-Gook Pharmaceutical Co., Ltd. 45,361 421,488 # Ahnlab, Inc. 16,302 761,046 # AJ Networks Co., Ltd. 62,282 386,832 #* AJ Rent A Car Co., Ltd. 176,358 1,592,990 #* Ajin Industrial Co., Ltd. 38,854 233,516 AK Holdings, Inc. 53,111 3,401,955 * Alticast Corp. 12,322 47,802 # ALUKO Co., Ltd. 251,370 966,350 #* Alvogen Korea Co., Ltd 2,285 55,058 * Aminologics Co., Ltd. 12,445 20,076 # Amorepacific Corp. 81,850 20,737,777 # AMOREPACIFIC Group 102,337 11,107,695 #* Amotech Co., Ltd. 90,592 2,186,163 #* Anam Electronics Co., Ltd. 287,995 719,993 # Anapass, Inc. 53,579 763,998 #* APS Holdings Corp. 93,698 944,542 Asia Cement Co., Ltd. 12,473 969,195 ASIA Holdings Co., Ltd. 12,865 1,310,904 Asia Paper Manufacturing Co., Ltd. 44,751 795,776 * Asiana Airlines, Inc. 1,171,753 5,415,703 # Atinum Investment Co., Ltd. 458,128 702,209 AtlasBX Co., Ltd. 255 11,767 #* AUK Corp. 187,204 418,033 # Aurora World Corp. 35,306 335,990 # Austem Co., Ltd. 103,013 323,379 # Autech Corp. 154,970 1,757,891 #* Automobile & PCB 204,214 259,083 # Avaco Co., Ltd. 92,390 618,803 # Avatec Co., Ltd. 19,435 134,712 # Baiksan Co., Ltd. 89,150 777,345 #* Barun Electronics Co., Ltd. 281,064 386,570 #* Barunson Entertainment & Arts Corp. 514,131 992,595 # Bcworld Pharm Co., Ltd. 12,163 281,684 BGF retail Co., Ltd. 73,643 6,077,616 #* BH Co., Ltd. 187,340 3,468,686 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) Binggrae Co., Ltd. 38,567 $ 2,308,699 #* BioSmart Co., Ltd. 93,194 398,452 # BIT Computer Co., Ltd. 58,762 272,388 Bixolon Co., Ltd. 25,914 153,191 # Bluecom Co., Ltd. 94,657 724,040 BNK Financial Group, Inc. 1,838,421 18,576,429 # Boditech Med, Inc. 69,473 990,090 #* Bohae Brewery Co., Ltd. 672,238 612,781 # BoKwang Industry Co., Ltd. 65,606 388,948 Bookook Securities Co., Ltd. 9,217 216,652 #* Boryung Medience Co., Ltd. 42,086 333,719 Boryung Pharmaceutical Co., Ltd. 21,741 810,807 #* Bosung Power Technology Co., Ltd. 358,216 830,215 #* Brain Contents Co., Ltd. 530,329 559,798 # BRIDGETEC Corp. 32,953 186,426 #* Bubang Co., Ltd. 207,217 649,520 * BUGS Corp. 16,527 158,007 Bukwang Pharmaceutical Co., Ltd. 40,648 784,569 Busan City Gas Co., Ltd. 449 15,347 BYC Co., Ltd. 342 108,978 # Byucksan Corp. 342,837 1,102,964 #* C&S Asset Management Co., Ltd. 74,925 132,225 #* CammSys Corp. 265,277 632,770 #* Capro Corp. 264,935 1,425,635 # Caregen Co., Ltd. 7,990 513,638 # Cell Biotech Co., Ltd. 63,165 2,007,277 #* Celltrion Pharm, Inc. 59,277 1,056,940 #* Celltrion, Inc. 157,770 15,290,565 #* Chabiotech Co., Ltd. 156,058 1,673,525 # Changhae Ethanol Co., Ltd. 49,462 807,477 #* Charm Engineering Co., Ltd. 259,603 694,468 Cheil Worldwide, Inc. 312,613 5,684,684 #* Chemtronics Co., Ltd. 81,147 550,258 # Cheryong Industrial Co. Ltd/new 18,421 128,042 #* Chin Hung International, Inc. 100,133 198,083 * China Great Star International, Ltd. 624,013 753,571 # Chinyang Holdings Corp. 91,481 260,946 #* Choa Pharmaceutical Co. 15,349 61,389 Choheung Corp. 153 41,548 # Chokwang Paint, Ltd. 53,005 548,856 Chong Kun Dang Pharmaceutical Corp. 42,975 4,321,603 # Chongkundang Holdings Corp. 20,528 1,223,283 # Choong Ang Vaccine Laboratory 23,811 379,974 #* Chorokbaem Media Co., Ltd. 203,298 272,443 Chosun Refractories Co., Ltd. 2,639 210,805 # Chungdahm Learning, Inc. 57,668 868,105 # CJ CGV Co., Ltd. 81,205 5,029,504 # CJ CheilJedang Corp. 75,176 24,846,515 CJ Corp. 111,905 19,397,593 CJ E&M Corp. 112,572 7,510,564 # CJ Freshway Corp. 45,643 1,711,354 CJ Hellovision Co., Ltd. 265,589 2,067,236 #* CJ Korea Express Corp. 35,121 5,850,692 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) CJ O Shopping Co., Ltd. 37,406 $ 6,647,117 #* CJ Seafood Corp. 111,853 324,360 # CKD Bio Corp. 27,978 531,532 # Com2uSCorp 75,042 7,688,752 # Commax Co., Ltd. 24,242 147,748 # Coreana Cosmetics Co., Ltd. 72,510 333,964 # Cosmax BTI, Inc. 50,864 1,133,793 # Cosmax, Inc. 57,375 5,299,540 #* Cosmochemical Co., Ltd. 56,863 566,399 #* COSON Co., Ltd. 72,276 690,231 # Coway Co., Ltd. 200,717 17,769,881 * COWELL FASHION Co., Ltd. 18,865 65,949 #* Creaplanet Co., Ltd. 26,236 61,679 #* Crown Confectionery Co., Ltd. 52,596 984,856 # CROWNHAITAI Holdings Co., Ltd. 40,844 852,070 #* CrucialTec Co., Ltd. 400,823 1,127,090 # CS Wind Corp. 36,431 872,684 #* CTC BIO, Inc. 47,007 318,775 #* CTL, Inc. 133,116 329,135 # Cuckoo Electronics Co., Ltd. 11,231 1,410,804 #* CUROCOM Co., Ltd. 140,600 290,067 #* Curoholdings Co., Ltd. 278,985 275,793 # D.I Corp. 179,168 733,480 # Dae Dong Industrial Co., Ltd. 94,574 600,690 Dae Han Flour Mills Co., Ltd. 8,746 1,477,248 # Dae Hwa Pharmaceutical Co., Ltd. 37,069 712,218 # Dae Hyun Co., Ltd. 227,043 601,366 #* Dae Won Chemical Co., Ltd. 198,352 455,651 Dae Won Kang Up Co., Ltd. 132,999 514,491 #* Dae Young Packaging Co., Ltd. 899,815 704,445 # Dae-Il Corp. 155,544 1,458,549 #* Daea TI Co., Ltd. 301,658 498,601 # Daebongls Co., Ltd. 25,975 231,445 #* Daechang Co., Ltd. 320,461 342,247 Daechang Forging Co., Ltd. 1,856 108,792 Daeduck Electronics Co. 247,088 2,471,145 Daeduck GDS Co., Ltd. 194,428 3,280,303 # Daegu Department Store 33,880 384,705 # Daehan New Pharm Co., Ltd. 46,370 451,681 # Daehan Steel Co., Ltd. 128,030 1,590,299 Daekyo Co., Ltd. 187,640 1,380,390 #* Daekyung Machinery & Engineering Co., Ltd. 821,376 434,654 # Daelim B&Co Co., Ltd. 56,232 406,790 Daelim Industrial Co., Ltd. 176,515 14,464,926 #* DAEMYUNG Corp. Co., Ltd. 179,364 377,571 # Daeryuk Can Co., Ltd. 111,403 701,858 Daesang Corp. 158,502 3,640,008 Daesang Holdings Co., Ltd. 166,673 1,631,040 Daesung Energy Co., Ltd. 13,173 73,341 # Daesung Holdings Co., Ltd. 22,393 181,670 #* Daewon Cable Co., Ltd. 342,127 386,455 #* Daewon Media Co., Ltd. 60,982 381,507 # Daewon Pharmaceutical Co., Ltd. 78,231 1,314,894 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) # Daewon San Up Co., Ltd. 70,664 $ 465,142 * Daewoo Engineering & Construction Co., Ltd. 518,441 3,797,130 * Daewoo Shipbuilding & Marine Engineering Co., Ltd. 720,658 540,952 Daewoong Co., Ltd. 98,015 1,326,762 Daewoong Pharmaceutical Co., Ltd. 20,111 1,675,486 * Dahaam E-Tec Co., Ltd. 1,420 4,283 # Daihan Pharmaceutical Co., Ltd. 39,022 1,267,224 DaiShin Information & Communications Co., Ltd. 14,863 15,390 Daishin Securities Co., Ltd. 474,565 6,490,191 #* Danal Co., Ltd. 115,123 553,616 # Daou Data Corp. 215,395 2,337,510 # Daou Technology, Inc. 307,386 6,109,872 #* Dasan Networks, Inc. 100,338 479,517 # Dawonsys Co., Ltd. 55,469 570,134 # Dayou Automotive Seat Technology Co., Ltd. 728,990 872,648 #* Dayou Plus Co., Ltd. 258,088 227,819 # DCM Corp. 24,570 292,091 #* Deutsch Motors, Inc. 66,689 395,082 DGB Financial Group, Inc. 1,241,812 13,265,819 # DHP Korea Co., Ltd. 45,133 354,573 Digital Chosun Co., Ltd. 151,378 308,696 #* Digital Optics Co., Ltd. 95,326 196,439 # Digital Power Communications Co., Ltd. 216,951 881,664 #* DIO Corp. 85,316 2,664,480 # Display Tech Co., Ltd. 15,091 54,637 # DMS Co., Ltd. 146,946 1,292,665 #* DNF Co., Ltd. 58,492 818,057 # Dong A Eltek Co., Ltd. 88,342 1,534,903 Dong Ah Tire & Rubber Co., Ltd. 72,967 1,795,058 Dong-A Socio Holdings Co., Ltd. 18,627 2,149,063 # Dong-A ST Co., Ltd. 26,370 1,956,007 Dong-A Steel Technology Co., Ltd. 2,668 19,003 # Dong-Ah Geological Engineering Co., Ltd. 91,693 1,121,699 # Dong-Il Corp. 6,747 347,788 # Dongbang Transport Logistics Co., Ltd. 107,587 162,472 #* DONGBU Co., Ltd. 712,106 473,274 * Dongbu Corp. 35,531 487,036 * Dongbu HiTek Co., Ltd. 324,235 5,540,478 Dongbu Insurance Co., Ltd. 445,981 31,920,129 * Dongbu Securities Co., Ltd. 228,347 816,426 #* Dongbu Steel Co., Ltd. 26,635 290,426 Dongil Industries Co., Ltd. 11,137 746,405 # Dongjin Semichem Co., Ltd. 317,117 4,789,902 #* Dongkook Industrial Co., Ltd. 401,634 800,222 DongKook Pharmaceutical Co., Ltd. 22,112 1,189,458 # Dongkuk Industries Co., Ltd. 281,725 1,190,738 Dongkuk Steel Mill Co., Ltd. 649,997 8,332,681 # Dongkuk Structures & Construction Co., Ltd. 216,857 1,240,246 # Dongnam Marine Crane Co., Ltd. 253,426 801,822 Dongsuh Cos., Inc. 55,934 1,477,335 # Dongsung Chemical Co., Ltd. 22,347 350,649 # DONGSUNG Corp. 267,638 1,545,062 # Dongsung Finetec Co., Ltd. 124,064 664,009 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) #* Dongsung Pharmaceutical Co., Ltd. 75,856 $ 264,410 # Dongwha Enterprise Co., Ltd. 24,837 809,012 Dongwha Pharm Co., Ltd. 147,265 1,076,496 # Dongwon Development Co., Ltd. 296,276 1,324,006 Dongwon F&B Co., Ltd. 8,727 1,684,466 Dongwon Industries Co., Ltd. 8,204 2,030,094 # Dongwon Systems Corp. 24,560 1,167,711 # Dongyang E&P, Inc. 44,605 523,775 #* Dongyang Steel Pipe Co., Ltd. 568,470 657,821 Doosan Corp. 57,728 6,086,922 #* Doosan Engine Co., Ltd. 385,877 1,422,920 Doosan Heavy Industries & Construction Co., Ltd. 461,801 8,502,555 #* Doosan Infracore Co., Ltd. 1,464,522 10,539,246 DoubleUGames Co., Ltd. 23,909 1,345,404 # Douzone Bizon Co., Ltd. 173,693 5,418,629 #* Dragonfly GF Co., Ltd. 36,843 154,817 # DRB Holding Co., Ltd. 70,545 600,794 # DSK Co., Ltd. 42,405 401,774 # DSR Corp. 15,255 87,130 # DSR Wire Corp. 72,923 405,444 #* DST ROBOT Co., Ltd. 354,850 745,681 #* Duk San Neolux Co., Ltd. 36,346 797,373 #* Duksan Hi-Metal Co., Ltd. 56,787 425,304 # Duksung Co., Ltd. 41,724 168,274 # DY Corp. 192,270 1,237,417 # DY POWER Corp. 46,682 741,316 # e Tec E&C, Ltd. 13,564 1,665,560 e-Credible Co., Ltd. 1,377 16,439 # e-LITECOM Co., Ltd. 72,326 602,544 E-MART, Inc. 85,119 19,322,783 * e-Starco Co., Ltd. 29,408 26,676 #* E-TRON Co., Ltd. 1,029,000 290,832 # E1 Corp. 22,206 1,214,593 # Eagon Industrial, Ltd. 68,615 579,322 # Easy Bio, Inc. 510,750 3,158,233 #* EcoBio Holdings Co., Ltd. 44,303 375,770 #* Ecopro Co., Ltd. 149,228 3,939,753 # EG Corp. 23,730 152,947 #* Ehwa Technologies Information Co., Ltd. 1,107,412 343,101 # Elcomtec Co., Ltd. 135,076 271,640 # Elentec Co., Ltd. 120,951 543,327 #* ELK Corp. 336,919 395,718 # EM-Tech Co., Ltd. 118,971 1,441,081 #* Emerson Pacific, Inc. 25,564 704,725 #* EMKOREA Co., Ltd. 48,875 174,683 #* EMW Co., Ltd. 84,178 186,912 # Enex Co., Ltd. 131,253 244,990 # ENF Technology Co., Ltd. 118,418 2,304,394 # Eo Technics Co., Ltd. 37,384 2,797,584 # Estechpharma Co., Ltd. 60,050 528,137 * ESTsoft Corp. 3,612 25,301 # Eugene Corp. 517,128 2,910,587 #* Eugene Investment & Securities Co., Ltd. 1,047,463 3,454,443 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) Eugene Technology Co., Ltd. 80,195 $ 1,227,922 # Eusu Holdings Co., Ltd. 109,713 746,753 # EVERDIGM Corp. 61,308 679,089 #* EXA E&C, Inc. 34,309 49,670 F&F Co., Ltd. 60,638 1,519,543 # Farmsco 126,703 1,381,799 #* FarmStory Co., Ltd. 439,340 563,438 # Feelux Co., Ltd. 208,270 585,981 # Fila Korea, Ltd. 60,895 4,026,863 # Fine DNC Co., Ltd. 50,636 149,359 # Fine Semitech Corp. 10,882 50,702 # Fine Technix Co., Ltd. 191,662 416,391 #* Finetex EnE, Inc. 62,200 261,624 #* Firstec Co., Ltd. 151,053 478,952 #* Foosung Co., Ltd. 464,243 4,561,260 Fursys, Inc. 11,270 336,985 #* G-SMATT GLOBAL Co., Ltd. 93,843 1,135,074 #* Gamevil, Inc. 36,545 1,798,535 Gaon Cable Co., Ltd. 16,461 379,332 #* Genic Co., Ltd. 40,497 394,133 #* Genie Music Corp. 73,457 318,152 # Geumhwa PSC Co., Ltd. 874 29,346 #* Gigalane Co., Ltd. 7,211 43,540 GIIR, Inc. 16,730 149,217 #* Global Display Co., Ltd. 53,667 190,111 #* GNCO Co., Ltd. 667,649 1,244,233 # Golfzon Co., Ltd. 26,377 1,196,830 # GOLFZONNEWDIN Co., Ltd. 239,417 1,203,026 * Good People Co., Ltd. 8,052 14,533 # Grand Korea Leisure Co., Ltd. 273,083 5,604,417 # Green Cross Corp. 15,757 2,591,236 Green Cross Holdings Corp. 105,383 3,089,538 #* GS Engineering & Construction Corp. 316,029 8,986,528 #* GS Global Corp. 522,293 1,446,604 GS Holdings Corp. 509,708 34,357,929 GS Home Shopping, Inc. 17,964 3,777,699 GS Retail Co., Ltd. 103,001 4,453,383 # Gwangju Shinsegae Co., Ltd. 3,041 666,888 Haesung Industrial Co., Ltd. 6,757 78,499 #* Halla Corp. 148,475 658,269 Halla Holdings Corp. 89,344 5,265,100 # Han Kuk Carbon Co., Ltd. 264,241 1,415,131 Hana Financial Group, Inc. 1,105,541 50,442,662 #* Hana Micron, Inc. 125,412 567,875 Hana Tour Service, Inc. 55,813 4,247,968 Hancom, Inc. 111,106 1,587,764 Handok, Inc. 35,690 802,567 Handsome Co., Ltd. 100,878 3,254,320 Hanil Cement Co., Ltd. 31,832 3,524,441 #* Hanil Vacuum Co., Ltd. 76,929 164,690 #* Hanjin Heavy Industries & Construction Co., Ltd. 762,910 3,023,256 #* Hanjin Heavy Industries & Construction Holdings Co., Ltd. 85,414 433,325 #* Hanjin Kal Corp. 363,624 7,641,224 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) * Hanjin P&C Co., Ltd. 155,684 $ 307,531 Hanjin Transportation Co., Ltd. 107,056 3,019,542 #* Hankook Cosmetics Co., Ltd. 96,056 1,328,583 # Hankook Cosmetics Manufacturing Co., Ltd. 4,008 84,140 Hankook Shell Oil Co., Ltd. 5,820 2,142,905 Hankook Tire Co., Ltd. 565,657 31,610,542 Hankuk Glass Industries, Inc. 3,770 104,003 Hankuk Paper Manufacturing Co., Ltd. 19,029 502,465 Hankuk Steel Wire Co., Ltd. 5,197 14,048 # Hanla IMS Co., Ltd. 12,172 79,420 #* Hanmi Pharm Co., Ltd. 29,788 9,792,307 #* Hanmi Science Co., Ltd. 33,112 2,464,424 # Hanmi Semiconductor Co., Ltd. 155,349 1,172,187 # HanmiGlobal Co., Ltd. 49,244 521,166 Hanon Systems 1,053,600 9,642,970 # Hans Biomed Corp. 36,047 534,490 # Hansae Co., Ltd. 124,022 2,901,439 # Hansae Yes24 Holdings Co., Ltd. 131,904 1,167,708 # Hanshin Construction 51,508 936,597 # Hanshin Machinery Co. 172,346 674,559 Hansol Chemical Co., Ltd. 82,543 5,573,187 * Hansol Holdings Co., Ltd. 458,439 2,552,165 #* Hansol HomeDeco Co., Ltd. 541,475 721,015 Hansol Logistics Co., Ltd. 31,484 68,099 Hansol Paper Co., Ltd. 174,930 2,970,037 #* Hansol SeenTec Co., Ltd. 233,491 260,804 #* Hansol Technics Co., Ltd. 161,520 2,252,364 Hanssem Co., Ltd. 62,088 9,763,836 Hanwha Chemical Corp. 792,414 23,884,532 Hanwha Corp. 513,393 22,454,939 #* Hanwha Galleria Timeworld Co., Ltd. 13,212 336,513 Hanwha General Insurance Co., Ltd. 464,528 4,171,623 #* Hanwha Investment & Securities Co., Ltd. 1,676,329 5,507,365 # Hanwha Life Insurance Co., Ltd. 1,321,971 8,919,744 #* Hanwha Techwin Co., Ltd. 201,787 7,201,751 # Hanyang Eng Co., Ltd. 43,040 501,508 Hanyang Securities Co., Ltd. 28,467 208,360 # Harim Co., Ltd. 257,322 1,050,625 # Harim Holdings Co., Ltd. 350,005 1,304,692 # HB Technology Co., Ltd. 588,285 2,468,450 # Heung-A Shipping Co., Ltd. 1,118,203 1,324,750 * Heungkuk Fire & Marine Insurance Co., Ltd. 56,873 337,925 # High Tech Pharm Co., Ltd. 21,787 242,374 Hite Jinro Co., Ltd. 168,302 3,601,818 Hitejinro Holdings Co., Ltd. 82,816 854,799 * HizeAero Co., Ltd. 528 4,256 # HMC Investment Securities Co., Ltd. 185,567 1,973,363 # Home Center Holdings Co., Ltd. 208,610 726,178 #* Homecast Co., Ltd. 162,139 1,308,936 Hotel Shilla Co., Ltd. 104,501 6,060,761 # HS Industries Co., Ltd. 303,212 2,555,139 # HS R&A Co., Ltd. 317,646 838,521 # Huchems Fine Chemical Corp. 122,212 2,723,832 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) * Hugel, Inc. 11,748 $ 6,102,189 Humax Co., Ltd. 170,318 1,643,474 # Humedix Co., Ltd. 25,104 667,661 #* Huneed Technologies 27,369 251,994 * Huons Co., Ltd. 28,293 1,329,031 # Huons Global Co., Ltd. 42,131 1,311,989 Husteel Co., Ltd. 3,731 50,681 # Huvis Corp. 136,673 995,641 # Huvitz Co., Ltd. 42,161 489,763 Hwa Shin Co., Ltd. 172,102 885,520 Hwacheon Machine Tool Co., Ltd. 4,514 239,628 # Hwail Pharm Co., Ltd. 61,422 368,164 # Hwangkum Steel & Technology Co., Ltd. 56,031 456,772 HwaSung Industrial Co., Ltd. 81,023 1,100,469 # Hy-Lok Corp. 62,019 1,277,159 Hyosung Corp. 192,477 28,813,863 HyosungITX Co., Ltd. 8,136 114,190 # Hyundai BNG Steel Co., Ltd. 104,349 1,197,962 * Hyundai Cement Co. 5,301 117,407 * Hyundai Construction Equipment Co., Ltd. 5,844 1,914,130 # Hyundai Corp Holdings Inc. 53,546 705,811 Hyundai Corp. 69,133 1,257,058 # Hyundai Department Store Co., Ltd. 113,305 11,240,889 Hyundai Development Co-Engineering & Construction 317,235 12,083,858 #* Hyundai Electric & Energy System Co., Ltd. 6,050 1,751,682 Hyundai Elevator Co., Ltd. 65,548 3,144,787 Hyundai Engineering & Construction Co., Ltd. 509,920 20,622,424 # Hyundai Engineering Plastics Co., Ltd. 218,743 1,359,039 Hyundai Glovis Co., Ltd. 119,050 16,704,731 Hyundai Greenfood Co., Ltd. 209,371 3,420,093 #* Hyundai Heavy Industries Co., Ltd. 105,287 16,405,293 Hyundai Home Shopping Network Corp. 24,208 2,983,859 Hyundai Hy Communications & Networks Co., Ltd. 312,446 1,167,109 Hyundai Livart Furniture Co., Ltd. 71,724 1,620,874 Hyundai Marine & Fire Insurance Co., Ltd. 595,632 24,165,445 #* Hyundai Merchant Marine Co., Ltd. 41,060 285,809 #* Hyundai Mipo Dockyard Co., Ltd. 91,283 8,762,373 Hyundai Mobis Co., Ltd. 181,962 39,989,258 Hyundai Motor Co. 432,370 55,972,732 # Hyundai Pharmaceutical Co., Ltd. 136,968 525,918 #* Hyundai Robotics Co., Ltd. 19,634 7,728,790 #* Hyundai Rotem Co., Ltd. 122,642 2,054,671 Hyundai Steel Co. 423,043 23,684,749 # Hyundai Wia Corp. 121,542 7,496,235 # HyVision System, Inc. 67,929 780,107 # I Controls, Inc. 12,400 329,291 # i-Components Co., Ltd. 44,085 291,509 i-SENS, Inc. 39,500 960,044 # I3System, Inc. 18,310 413,167 #* iA, Inc. 164,417 531,505 # ICD Co., Ltd. 84,235 1,079,112 #* IE, Ltd. 1,180,489 262,671 #* IHQ, Inc. 565,080 1,055,190 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) # Il Dong Holdings Co., Ltd. 25,241 $ 347,435 IL Dong Pharmaceutical Co., Ltd. 25,645 441,034 Ilji Technology Co., Ltd. 2,788 12,875 #* Iljin Display Co., Ltd. 109,773 769,928 Iljin Electric Co., Ltd. 126,274 509,292 # Iljin Holdings Co., Ltd. 206,150 1,063,617 # Iljin Materials Co., Ltd. 53,008 1,774,352 # Ilshin Spinning Co., Ltd. 13,182 1,431,643 # Ilsung Pharmaceuticals Co., Ltd. 3,552 417,263 #* IM Co., Ltd. 92,744 362,682 # iMarketKorea, Inc. 162,438 1,850,421 # iMBC Co., Ltd. 28,170 86,830 # InBody Co., Ltd. 107,851 2,822,553 Industrial Bank of Korea 941,157 13,001,223 #* Infinitt Healthcare Co., Ltd. 68,143 410,388 #* Infraware, Inc. 126,506 174,590 * INITECH Co., Ltd. 71,281 481,206 #* InkTec Co., Ltd. 8,166 42,017 # Innocean Worldwide, Inc. 27,560 1,681,659 #* InnoWireless, Inc. 22,924 293,976 #* Innox Advanced Materials Co., Ltd. 54,110 3,297,710 #* Innox Corp. 23,286 454,033 #* Insun ENT Co., Ltd. 209,144 1,509,385 # Intelligent Digital Integrated Security Co., Ltd. 27,364 198,177 #* Interflex Co., Ltd. 32,414 999,262 Intergis Co., Ltd. 13,600 38,347 # Interojo Co., Ltd. 65,593 2,095,351 # Interpark Corp. 34,340 295,630 # Interpark Holdings Corp. 445,117 2,279,238 # INTOPS Co., Ltd. 137,726 1,444,236 #* INVENIA Co., Ltd. 92,563 445,678 Inzi Controls Co., Ltd. 44,490 202,994 # INZI Display Co., Ltd. 124,958 210,396 #* Iones Co., Ltd. 31,166 472,862 IS Dongseo Co., Ltd. 119,430 4,429,813 # ISC Co., Ltd. 55,740 1,275,962 # ISU Chemical Co., Ltd. 74,521 1,192,583 # IsuPetasys Co., Ltd. 216,276 836,365 # J.ESTINA Co., Ltd. 45,611 250,961 #* Jaeyoung Solutec Co., Ltd. 61,384 123,563 # Jahwa Electronics Co., Ltd. 97,182 1,620,454 # JASTECH, Ltd. 91,376 1,563,710 #* Jayjun Cosmetic Co., Ltd. 146,647 685,265 JB Financial Group Co., Ltd. 1,218,310 7,547,679 # JC Hyun System, Inc. 51,148 276,654 * Jcontentree Corp. 379,288 1,454,091 # Jeil Pharma Holdings, Inc. 5,627 245,490 #* Jeil Pharmaceutical Co., Ltd. 13,606 872,982 Jeju Air Co., Ltd. 52,021 1,662,220 #* Jeju Semiconductor Corp. 17,264 52,373 Jinro Distillers Co., Ltd. 11,168 332,267 # Jinsung T.E.C. 53,672 443,598 JLS Co., Ltd. 30,985 205,100 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) * JoyCity Corp. 11,408 $ 143,276 * Jusung Engineering Co., Ltd. 330,572 4,811,837 JVM Co., Ltd. 16,546 846,803 # JW Holdings Corp. 254,535 2,039,710 # JW Pharmaceutical Corp. 53,260 2,246,259 #* JYP Entertainment Corp. 224,395 1,423,310 Kakao Corp. 53,822 5,765,282 Kangnam Jevisco Co., Ltd. 30,491 1,103,487 Kangwon Land, Inc. 237,991 7,870,899 # KAON Media Co., Ltd. 113,901 1,205,890 KB Financial Group, Inc. 679,084 36,107,002 KB Financial Group, Inc. ADR 460,499 24,498,547 KC Cottrell Co., Ltd. 5,541 25,440 # KC Green Holdings Co., Ltd. 124,159 686,636 # KC Tech Co., Ltd. 147,051 3,120,359 # KCC Corp. 36,811 14,346,376 # KCC Engineering & Construction Co., Ltd. 24,682 238,091 #* KEC Corp. 687,881 593,798 # KEPCO Engineering & Construction Co., Inc. 53,233 901,306 KEPCO Plant Service & Engineering Co., Ltd. 96,518 3,880,821 # Keyang Electric Machinery Co., Ltd. 187,397 805,496 #* KEYEAST Co., Ltd. 600,675 1,159,515 # KG Chemical Corp. 78,087 1,089,716 KG Eco Technology Service Co., Ltd. 166,698 671,372 # Kginicis Co., Ltd. 75,281 871,025 # KGMobilians Co., Ltd. 128,571 852,489 KH Vatec Co., Ltd. 122,214 908,650 Kia Motors Corp. 763,827 24,959,406 KISCO Corp. 41,483 1,603,221 KISCO Holdings Co., Ltd. 5,341 359,332 # Kishin Corp. 42,990 181,349 KISWIRE, Ltd. 56,027 1,971,707 KIWOOM Securities Co., Ltd. 73,101 5,548,273 #* KJ Pretech Co., Ltd. 15,679 36,332 #* KleanNara Co., Ltd. 159,781 714,024 * KMH Co., Ltd. 97,222 903,562 * KMH Hitech Co., Ltd. 53,654 58,258 * KMW Co., Ltd. 4,134 48,556 # Kocom Co., Ltd. 25,809 192,688 # Kodaco Co., Ltd. 387,826 1,224,867 #* KODI-M Co., Ltd. 301,326 297,091 Koentec Co., Ltd. 342,553 1,475,425 Koh Young Technology, Inc. 84,723 4,858,758 # Kolao Holdings 172,464 852,666 # Kolmar BNH Co., Ltd. 43,669 798,109 # Kolon Corp. 49,474 2,736,741 # Kolon Global Corp. 52,211 593,038 # Kolon Industries, Inc. 116,412 6,832,852 # Kolon Plastic, Inc. 67,449 410,841 Komelon Corp. 19,563 168,839 #* Komipharm International Co., Ltd. 59,209 2,143,372 #* KONA I Co., Ltd. 124,441 1,457,390 # Kook Soon Dang Brewery Co., Ltd. 168,269 968,502 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) # Kopla Co., Ltd. 67,004 $ 371,728 # Korea Aerospace Industries, Ltd. 242,168 11,201,787 # Korea Alcohol Industrial Co., Ltd. 133,410 971,064 # Korea Autoglass Corp. 71,139 1,330,357 # Korea Cast Iron Pipe Industries Co., Ltd. 47,096 435,567 # Korea Circuit Co., Ltd. 128,475 1,542,761 Korea District Heating Corp. 27,847 1,926,736 Korea Electric Power Corp. 320,659 12,784,046 Korea Electric Power Corp. Sponsored ADR 680,469 13,657,013 Korea Electric Terminal Co., Ltd. 39,946 2,519,703 # Korea Electronic Certification Authority, Inc. 89,901 507,411 # Korea Electronic Power Industrial Development Co., Ltd. 93,274 379,272 # Korea Export Packaging Industrial Co., Ltd. 11,810 203,697 Korea Flange Co., Ltd. 30,363 364,612 # Korea Fuel-Tech Corp. 65,513 280,154 * Korea Gas Corp. 152,884 6,857,871 # Korea Industrial Co., Ltd. 46,780 137,946 #* Korea Information & Communications Co, Ltd. 136,212 1,394,148 # Korea Information Certificate Authority, Inc. 69,658 352,486 Korea Investment Holdings Co., Ltd. 235,934 15,011,950 # Korea Kolmar Co., Ltd. 77,665 4,927,108 # Korea Kolmar Holdings Co., Ltd. 36,273 971,249 #* Korea Line Corp. 125,029 3,606,405 #* Korea Materials & Analysis Corp. 47,831 835,078 Korea Petrochemical Ind Co., Ltd. 30,926 7,133,439 Korea United Pharm, Inc. 50,469 908,987 Korea Zinc Co., Ltd. 33,804 14,902,747 * Korean Air Lines Co., Ltd. 429,654 13,643,891 Korean Reinsurance Co. 638,370 7,359,200 # Kortek Corp. 95,907 1,200,041 KPX Chemical Co., Ltd. 14,176 901,971 #* KR Motors Co., Ltd. 360,460 250,210 #* KSCB Co., Ltd. 79,047 343,417 # Ksign Co., Ltd. 159,104 254,516 KSS LINE, Ltd. 50,104 438,558 KT Corp. 35,348 1,099,122 # KT Corp. Sponsored ADR 309,798 5,635,226 * KT Hitel Co., Ltd. 70,746 419,453 KT Skylife Co., Ltd. 236,649 3,531,463 # KT Submarine Co., Ltd. 98,008 399,394 KT&G Corp. 272,127 27,718,496 * KTB Investment & Securities Co., Ltd. 571,769 1,832,679 KTCS Corp. 257,251 548,444 # Ktis Corp. 221,424 641,910 #* Kuk Young G&M 79,758 89,668 Kukbo Design Co., Ltd. 10,164 181,514 # Kukdo Chemical Co., Ltd. 33,748 1,724,779 # Kukdong Oil & Chemicals Co., Ltd. 36,882 112,539 #* Kum Yang Co., Ltd. . 19,425 38,494 * Kumho Electric Co., Ltd. 20,072 178,423 Kumho Industrial Co., Ltd. 129,422 1,307,390 # Kumho Petrochemical Co., Ltd. 102,571 6,914,806 #* Kumho Tire Co., Inc. 770,381 5,195,341 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) # Kumkang Kind Co., Ltd. 25,683 $ 864,857 Kwang Dong Pharmaceutical Co., Ltd. 270,349 2,035,552 #* Kwang Myung Electric Co., Ltd. 289,709 644,189 Kwangju Bank Co., Ltd. 283,732 3,511,741 #* Kyeryong Construction Industrial Co., Ltd. 25,308 404,398 Kyobo Securities Co., Ltd. 244,354 2,293,268 Kyongbo Pharmaceutical Co., Ltd. 73,701 836,592 # Kyung Dong Navien Co., Ltd. 39,371 1,244,996 * Kyung Nam Pharm Co., Ltd. 22,814 192,481 # Kyung-In Synthetic Corp. 222,332 789,320 # Kyungbang, Ltd. 87,261 1,271,220 # Kyungchang Industrial Co., Ltd. 114,559 502,254 * KyungDong City Gas Co., Ltd. 12,833 581,416 # KyungDong Invest Co., Ltd. 7,800 370,774 # Kyungdong Pharm Co., Ltd. 50,062 858,975 # L&F Co., Ltd. 74,265 1,788,629 * LabGenomics Co., Ltd. 5,909 39,856 #* LB Semicon, Inc. 353,292 880,294 # LEADCORP, Inc. (The) 168,962 1,141,532 #* Leaders Cosmetics Co., Ltd. 119,776 1,562,540 Lee Ku Industrial Co., Ltd. 179,631 372,425 # LEENO Industrial, Inc. 63,049 2,792,967 # Leenos Corp. 97,282 268,740 LF Corp. 217,421 6,093,236 LG Chem, Ltd. 230,246 67,502,555 LG Corp. 279,081 18,801,016 # LG Display Co., Ltd. 1,996,127 56,325,940 # LG Display Co., Ltd. ADR 865,280 12,312,934 # LG Electronics, Inc. 809,746 48,539,904 LG Hausys, Ltd. 65,444 6,431,801 # LG Household & Health Care, Ltd. 24,566 21,754,258 # LG Innotek Co., Ltd. 85,026 11,386,251 LG International Corp. 229,496 6,029,312 LG Uplus Corp. 1,376,178 20,458,713 # LIG Nex1 Co., Ltd. 27,504 2,012,462 # Lion Chemtech Co., Ltd. 41,775 550,609 * LIS Co., Ltd. 38,564 444,704 #* Liveplex Co., Ltd. 486,439 381,604 # LMS Co., Ltd. 35,029 365,849 Lock & Lock Co., Ltd. 158,284 1,902,716 # Loen Entertainment, Inc. 30,894 2,474,066 #* LOT Vacuum Co., Ltd. 39,282 611,198 Lotte Chemical Corp. 140,896 46,387,967 Lotte Chilsung Beverage Co., Ltd. 3,716 5,360,899 Lotte Confectionery Co., Ltd. 27,045 4,918,791 LOTTE Fine Chemical Co., Ltd. 154,140 5,953,551 Lotte Food Co., Ltd. 5,216 2,909,728 LOTTE Himart Co., Ltd. 96,419 5,996,671 # Lotte Non-Life Insurance Co., Ltd. 873,681 2,404,566 Lotte Shopping Co., Ltd. 39,094 9,183,131 LS Corp. 143,809 10,809,994 # LS Industrial Systems Co., Ltd. 110,952 5,726,175 * Lumens Co., Ltd. 411,972 1,493,959 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) # Lutronic Corp. 40,776 $ 422,900 # Macquarie Korea Infrastructure Fund 1,826,682 13,793,570 #* Macrogen, Inc. 40,716 846,009 * Maeil Dairies Co., Ltd. 20,712 1,395,528 # Maeil Holdings Co., Ltd. 18,602 398,161 #* Majestar Co., Ltd. 77,416 115,238 # Mando Corp. 57,547 13,192,616 #* Maniker Co., Ltd. 311,979 205,754 #* Mcnex Co., Ltd. 38,108 650,813 # MDS Technology Co., Ltd. 28,514 532,036 #* Mediana Co., Ltd. 23,336 286,658 #* Medifron DBT Co., Ltd. 32,096 129,515 # Medy-Tox, Inc. 23,888 12,616,181 # MegaStudy Co., Ltd. 21,017 567,070 # MegaStudyEdu Co., Ltd. 9,247 291,520 #* Melfas, Inc. 123,748 500,814 Meritz Financial Group, Inc. 328,638 4,463,748 Meritz Fire & Marine Insurance Co., Ltd. 476,694 10,071,750 # Meritz Securities Co., Ltd. 2,197,895 10,230,442 # META BIOMED Co., Ltd. 80,452 244,175 #* Mgame Corp. 159,392 595,897 Mi Chang Oil Industrial Co., Ltd. 3,204 256,512 #* MiCo, Ltd. 339,589 1,268,576 # Minwise Co., Ltd. 61,400 1,116,387 # Mirae Asset Daewoo Co., Ltd. 1,078,256 10,459,616 Mirae Asset Life Insurance Co., Ltd. 302,114 1,417,958 #* Mirae Corp. 1,526,714 350,796 Miwon Chemicals Co., Ltd. 1,485 87,697 * Miwon Commercial Co., Ltd. 456 92,020 # Miwon Holdings Co., Ltd. 3,107 207,179 #* Miwon Specialty Chemical Co., Ltd. 8,622 470,736 # MK Electron Co., Ltd. 189,725 1,897,681 # MK Trend Co., Ltd. 16,796 189,049 #* MNTech Co., Ltd. 140,333 888,489 # Mobase Co., Ltd. 123,257 872,841 #* Moda, Inc. 68,154 543,393 #* Moda-InnoChips Co., Ltd. 34,587 251,967 Modetour Network, Inc. 98,973 2,544,649 # Monalisa Co., Ltd. 63,900 268,063 # MonAmi Co., Ltd. 38,910 120,552 # Moorim P&P Co., Ltd. 202,337 848,189 #* Moorim Paper Co., Ltd. 156,425 381,731 # Motonic Corp. 58,838 520,311 #* MPK Group, Inc. 104,321 122,588 Muhak Co., Ltd. 100,473 2,037,539 # Multicampus Co, Ltd. 15,727 528,761 # Myungmoon Pharm Co., Ltd. 136,491 689,876 Namhae Chemical Corp. 149,158 1,300,750 #* Namsun Aluminum Co., Ltd. 597,070 653,738 #* Namuga Co., Ltd. 6,949 176,840 Namyang Dairy Products Co., Ltd. 2,179 1,425,328 * Nanos Co., Ltd. 1,495 16,967 Nasmedia Co., Ltd. 12,982 649,410 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) NAVER Corp. 80,873 $58,068,953 NCSoft Corp. 35,482 11,444,555 # NeoPharm Co., Ltd. 39,152 1,117,988 #* Neowiz 107,818 1,160,925 * NEOWIZ HOLDINGS Corp. 52,007 712,825 #* NEPES Corp. 197,976 1,802,061 Nexen Corp. 219,067 1,728,416 Nexen Tire Corp. 332,677 3,954,372 #* Nexon GT Co., Ltd. 91,376 583,376 #* Next Entertainment World Co., Ltd. 17,672 127,120 # Nexturn Co., Ltd. 50,595 723,582 NH Investment & Securities Co., Ltd. 945,926 11,964,995 #* NHN Entertainment Corp. 135,448 9,282,585 #* NHN KCP Corp. 102,353 1,699,790 NICE Holdings Co., Ltd. 172,800 2,556,023 # Nice Information & Telecommunication, Inc. 53,636 1,174,373 # NICE Information Service Co., Ltd. 313,318 2,564,838 # NICE Total Cash Management Co., Ltd. 157,419 1,476,932 #* NK Co., Ltd. 621,432 599,792 # Nong Shim Holdings Co., Ltd. 17,364 1,698,744 #* Nong Woo Bio Co., Ltd. 57,273 755,094 # NongShim Co., Ltd. 15,054 4,296,766 Noroo Holdings Co., Ltd. 9,220 124,127 # NOROO Paint & Coatings Co., Ltd. 84,760 661,826 NPC 83,760 478,412 # NS Shopping Co., Ltd. 157,020 2,343,073 #* Nuri Telecom Co., Ltd. 31,459 244,012 #* NUTRIBIOTECH Co., Ltd. 73,538 1,448,977 #* NUVOTEC Co., Ltd. 46,960 104,927 # OCI Co., Ltd. 105,848 8,730,688 #* Omnisystem Co., Ltd. 201,575 429,718 #* ONDA Entertainment Co., Ltd. 122,377 274,577 # Openbase, Inc. 120,842 506,955 # Opto Device Technology Co., Ltd. 51,453 353,236 #* OPTRON-TEC, Inc. 189,289 1,453,760 #* Orientbio, Inc. 174,501 181,454 #* Orion Corp. 118,495 8,693,481 # Orion Holdings Corp. 61,598 1,519,209 #* OSANGJAIEL Co., Ltd. 34,930 254,897 #* Osstem Implant Co., Ltd. 104,396 5,610,700 #* Osung LST Co., Ltd. 297,005 174,034 Ottogi Corp. 3,653 2,556,280 #* Pan Ocean Co., Ltd. 1,199,585 6,245,901 #* Pan-Pacific Co., Ltd. 198,950 699,828 # Pang Rim Co., Ltd. 5,145 100,380 #* PaperCorea, Inc. 2,001,518 538,529 # Paradise Co., Ltd. 305,484 3,626,705 # Partron Co., Ltd. 346,325 2,627,592 #* Paru Co., Ltd. 245,234 1,440,253 #* People & Technologies, Inc. 39,160 475,932 # PHARMA RESEARCH PRODUCTS Co., Ltd. 13,506 450,247 #* Pharmicell Co., Ltd. 111,808 387,483 #* Phoenix Materials Co., Ltd. 162,456 151,373 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) Pixelplus Co., Ltd. 15,194 $ 139,780 #* PNE Solution Co., Ltd. 18,571 130,759 #* Pobis TNC Co., Ltd. 154,367 242,843 POSCO 101,924 30,456,403 # POSCO Sponsored ADR 507,145 38,096,732 POSCO Chemtech Co., Ltd. 165,783 3,102,958 # POSCO Coated & Color Steel Co., Ltd. 19,799 565,209 Posco Daewoo Corp. 286,499 6,016,159 # Posco ICT Co., Ltd. 231,679 1,327,831 # Posco M-Tech Co., Ltd. 110,113 252,967 #* Power Logics Co., Ltd. 222,223 928,926 #* Prostemics Co., Ltd. 54,062 151,680 # Protec Co., Ltd. 30,107 420,607 # PSK, Inc. 119,735 2,307,021 # Pulmuone Co., Ltd. 7,199 800,826 Pyeong Hwa Automotive Co., Ltd. 142,620 1,828,241 * RaonSecure Co., Ltd. 200,478 527,875 #* Redrover Co., Ltd. 79,479 414,944 # Reyon Pharmaceutical Co., Ltd. 14,987 368,680 # RFsemi Technologies, Inc. 20,093 116,916 #* RFTech Co., Ltd. 142,887 690,905 # Robostar Co., Ltd. 56,082 1,087,731 #* S Net Systems, Inc. 71,410 354,995 #* S&S Tech Corp. 134,330 742,176 * S&T Corp. 10,683 167,032 * S&T Dynamics Co., Ltd. 206,513 1,716,996 S&T Holdings Co., Ltd. 69,574 1,026,620 # S&T Motiv Co., Ltd. 75,438 3,581,915 S-1 Corp. 69,100 5,693,707 #* S-Connect Co., Ltd. 521,020 1,031,234 # S-Energy Co., Ltd. 62,361 508,869 #* S-MAC Co., Ltd. 559,168 471,717 # S-Oil Corp. 277,637 28,920,978 # S.Y. Panel Co., Ltd. 80,097 664,592 # Saeron Automotive Corp. 3,180 22,275 # Sajo Industries Co., Ltd. 23,617 1,614,580 * Sajodongaone Co., Ltd. 119,520 175,198 # Sam Chun Dang Pharm Co., Ltd. 110,820 1,356,104 #* SAM KANG M&T Co., Ltd. 98,037 544,994 Sam Young Electronics Co., Ltd. 103,654 1,273,296 # Sam Yung Trading Co., Ltd. 61,952 1,047,621 # Sam-A Pharm Co., Ltd. 6,959 113,787 Samchully Co., Ltd. 19,983 2,044,572 # Samchuly Bicycle Co., Ltd. 33,741 316,678 # Samho Development Co., Ltd. 143,939 645,208 #* Samho International Co., Ltd. 15,050 270,899 # SAMHWA Paints Industrial Co., Ltd. 72,557 571,402 # Samick Musical Instruments Co., Ltd. 430,438 746,006 # Samick THK Co., Ltd. 86,236 1,698,795 #* Samji Electronics Co., Ltd. 130,722 967,043 #* Samjin LND Co., Ltd. 57,071 145,780 Samjin Pharmaceutical Co., Ltd. 86,267 2,574,828 # Samkee Automotive Co., Ltd. 99,202 324,531 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) # Samkwang Glass 19,892 $ 1,004,589 # Sammok S-Form Co., Ltd. 78,873 968,007 * SAMPYO Cement Co., Ltd. 94,126 324,684 Samsung C&T Corp. 152,296 18,912,824 Samsung Card Co., Ltd. 156,980 5,566,904 # Samsung Climate Control Co., Ltd. 5,930 67,291 Samsung Electro-Mechanics Co., Ltd. 271,394 22,664,935 Samsung Electronics Co., Ltd. 426,639 917,478,113 #* Samsung Engineering Co., Ltd. 319,634 2,912,381 Samsung Fire & Marine Insurance Co., Ltd. 137,538 35,882,820 * Samsung Heavy Industries Co., Ltd. 1,607,271 16,084,778 Samsung Life Insurance Co., Ltd. 166,079 18,624,985 * Samsung Pharmaceutical Co., Ltd. 33,471 103,780 Samsung SDI Co., Ltd. 168,001 25,245,002 Samsung SDS Co., Ltd. 61,669 9,852,794 Samsung Securities Co., Ltd. 450,261 16,321,198 # SAMT Co., Ltd. 488,243 978,066 # Samwha Capacitor Co., Ltd. 83,608 1,605,526 Samyang Corp. 23,295 2,113,988 # Samyang Foods Co., Ltd. 19,983 872,138 Samyang Holdings Corp. 36,255 3,726,540 # Samyang Tongsang Co., Ltd. 17,506 775,624 #* Samyoung Chemical Co., Ltd. 158,910 209,408 # Samyoung M-Tek Co., Ltd. 34,531 119,335 # Sang-A Frontec Co., Ltd. 39,118 569,842 #* Sangbo Corp. 227,166 476,929 Sangsin Brake 16,775 103,281 # SaraminHR Co, Ltd. 23,952 402,447 # Satrec Initiative Co., Ltd. 11,491 433,919 # SAVEZONE I&C Corp. 101,623 454,918 #* SBI Investment Korea Co., Ltd. 1,048,626 553,194 SBS Contents Hub Co., Ltd. 33,928 276,220 SBS Media Holdings Co., Ltd. 441,383 1,197,402 #* SBW 856,440 1,060,288 #* SDN Co., Ltd. 77,149 133,427 # Seah Besteel Corp. 143,197 4,458,097 SeAH Holdings Corp. 4,246 611,086 SeAH Steel Corp. 36,215 3,146,289 Sebang Co., Ltd. 90,768 1,204,800 Sebang Global Battery Co., Ltd. 71,557 2,478,959 * Seegene, Inc. 32,732 852,360 Sejong Industrial Co., Ltd. 105,682 807,505 * Sejong Telecom, Inc. 484,661 314,989 # Sejoong Co., Ltd. 79,996 259,478 # Sekonix Co., Ltd. 90,049 1,282,438 * Selvas AI, Inc. 30,161 100,767 # Sempio Co. 3,827 123,981 # Sempio Foods Co. 8,094 279,102 # Seobu T&D 112,411 1,636,255 # Seohan Co., Ltd. 930,300 2,092,173 # Seohee Construction Co., Ltd. 2,125,815 2,385,728 # Seondo Electric Co., Ltd. 25,059 71,493 # Seoul Auction Co., Ltd. 50,625 375,715 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) #* Seoul Electronics & Telecom 73,908 $ 101,870 # Seoul Pharma Co., Ltd. 5,092 50,222 # Seoul Semiconductor Co., Ltd. 346,206 6,432,386 Seowon Co., Ltd. 64,632 89,276 # SEOWONINTECH Co., Ltd. 78,732 855,140 # Seoyon Co., Ltd. 117,533 1,035,020 Seoyon E-Hwa Co., Ltd. 15,727 189,067 #* Sewon Cellontech Co., Ltd. 379,364 901,800 Sewon Precision Industry Co., Ltd. 8,303 122,434 # SEWOONMEDICAL Co., Ltd. 119,681 393,687 # SFA Engineering Corp. 170,668 5,725,284 #* SFA Semicon Co, Ltd. 778,494 2,085,649 #* SFC Co., Ltd. 63,513 198,940 #* SG Corp. 1,122,090 1,022,683 #* SG&G Corp. 236,478 807,267 #* SGA Co., Ltd. 494,133 444,090 # SH Energy & Chemical Co., Ltd. 923,614 1,197,529 #* Shin Poong Pharmaceutical Co., Ltd. 225,378 1,191,868 Shinhan Financial Group Co., Ltd. 575,748 27,363,555 Shinhan Financial Group Co., Ltd. ADR 333,226 15,834,899 # Shinil Industrial Co., Ltd. 214,068 354,674 # Shinsegae Engineering & Construction Co., Ltd. 23,481 678,627 # Shinsegae Food Co., Ltd. 6,003 783,755 # Shinsegae Information & Communication Co., Ltd. 11,216 826,371 # Shinsegae International, Inc. 18,504 1,119,597 # Shinsegae, Inc. 53,721 11,416,602 #* Shinsung E&G Energy Co., Ltd. 582,918 1,176,807 #* Shinsung Tongsang Co., Ltd. 715,586 635,155 # Shinwha Intertek Corp. 229,215 637,510 * Shinwon Construction Co., Ltd. 17,181 106,139 #* Shinwon Corp. 314,826 537,736 Shinyoung Securities Co., Ltd. 23,056 1,217,515 # SHOWBOX Corp. 315,502 1,790,263 #* Signetics Corp. 498,552 617,194 #* SIGONG TECH Co., Ltd. 83,283 501,524 Silicon Works Co., Ltd. 78,008 2,482,506 Silla Co., Ltd. 52,078 665,417 # SIMMTECH Co., Ltd. 168,019 1,559,579 #* SIMMTECH HOLDINGS Co., Ltd. 297,091 746,336 SIMPAC, Inc. 121,088 501,117 Sindoh Co., Ltd. 31,417 1,618,091 # SJM Co., Ltd. 47,500 246,615 # SK Bioland Co., Ltd. 46,277 673,904 # SK Chemicals Co., Ltd. 95,391 5,836,361 # SK D&D Co., Ltd. 16,468 504,040 # SK Gas, Ltd. 44,741 4,597,506 SK Holdings Co., Ltd. 275,387 66,793,521 SK Hynix, Inc. 3,141,984 184,724,603 SK Innovation Co., Ltd. 275,113 43,419,955 # SK Materials Co., Ltd. 36,450 6,011,128 SK Networks Co., Ltd. 940,020 5,317,631 #* SK Securities Co., Ltd. 3,547,652 4,106,202 SK Telecom Co., Ltd. 46,861 11,586,494 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) SK Telecom Co., Ltd. ADR 48,757 $1,329,116 SKC Co., Ltd. 228,842 7,407,348 #* SKC Solmics Co., Ltd. 286,076 1,150,894 SKCKOLONPI, Inc. 69,633 1,695,120 SL Corp. 135,344 2,689,801 #* SM Culture & Contents Co., Ltd. 166,971 428,840 #* SM Entertainment Co. 134,455 3,555,478 # SMCo.re, Inc. 2,335 35,586 # SMEC Co., Ltd. 142,226 496,653 #* SNTEK Co., Ltd. 5,277 32,479 #* SNU Precision Co., Ltd. 65,486 283,418 #* Solborn, Inc. 112,298 532,739 #* Solco Biomedical Co., Ltd. 303,518 202,503 #* Solid, Inc. 165,177 340,009 # Songwon Industrial Co., Ltd. 173,203 3,157,946 #* Sonokong Co., Ltd. 165,220 668,358 # Soosan Heavy Industries Co., Ltd. 69,489 90,970 # Soulbrain Co., Ltd. 91,008 5,569,737 # SPC Samlip Co., Ltd. 15,769 2,325,477 # SPG Co., Ltd. 46,435 296,585 # Spigen Korea Co., Ltd. 22,187 792,898 Ssangyong Cement Industrial Co., Ltd. 206,783 2,649,835 #* Ssangyong Information & Communication 48,043 90,631 # Ssangyong Materials Corp. 160,017 373,840 * Ssangyong Motor Co. 262,621 1,463,746 # Suheung Co., Ltd. 31,063 967,421 Sun Kwang Co., Ltd. 16,874 275,176 # Sunchang Corp. 62,367 552,492 #* SundayToz Corp. 32,806 532,167 # Sung Bo Chemicals Co., Ltd. 42,322 252,274 # Sung Kwang Bend Co., Ltd. 235,904 2,085,334 # Sungchang Enterprise Holdings, Ltd. 579,822 1,498,219 # Sungdo Engineering & Construction Co., Ltd. 69,990 419,067 * Sungshin Cement Co., Ltd. 159,880 1,057,616 Sungwoo Hitech Co., Ltd. 383,666 2,447,313 # Sunjin Co., Ltd. 67,319 1,118,778 #* Sunny Electronics Corp. 37,600 82,657 #* Suprema HQ, Inc. 25,328 165,294 #* Suprema, Inc. 29,503 663,770 #* Synopex, Inc. 652,136 1,204,828 # Systems Technology, Inc. 100,126 1,607,002 #* T'way Holdings, Inc. 317,765 1,018,103 # Tae Kyung Industrial Co., Ltd. 73,750 329,847 Taekwang Industrial Co., Ltd. 3,300 3,641,211 #* Taewoong Co., Ltd. 102,813 2,097,718 #* Taeyoung Engineering & Construction Co., Ltd. 381,955 3,146,272 #* Taihan Electric Wire Co., Ltd. 567,217 631,460 * Taihan Fiberoptics Co., Ltd. 8,734 29,486 #* Taihan Textile Co., Ltd. 1,301 97,960 # Tailim Packaging Co., Ltd. 67,233 154,417 #* TBH Global Co., Ltd. 164,669 1,572,674 # TechWing, Inc. 100,417 1,269,458 # Telechips, Inc. 15,890 178,923 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) # Tera Semicon Co., Ltd. 94,086 $2,686,137 # TES Co., Ltd. 125,828 3,352,785 #* Tesna Co., Ltd. 23,496 398,138 #* Texcell-NetCom Co., Ltd. 328,921 2,884,649 #* Theragen Etex Co., Ltd. 17,491 87,649 #* Thinkware Systems Corp. 55,844 571,114 #* TK Chemical Corp. 516,365 1,023,113 # TK Corp. 144,933 1,244,165 # TOBESOFT Co., Ltd. 14,691 88,484 Tokai Carbon Korea Co., Ltd. 42,223 1,871,139 # Tong Yang Moolsan Co., Ltd. 381,058 638,585 Tongyang Life Insurance Co., Ltd. 390,321 3,394,366 Tongyang pile, Inc. 5,078 32,576 # Tongyang, Inc. 1,632,979 3,257,713 # Tonymoly Co., Ltd. 34,741 573,100 # Top Engineering Co., Ltd. 114,448 694,338 Toptec Co., Ltd. 176,310 4,560,908 # Tovis Co., Ltd. 135,860 1,087,537 #* Trais Co., Ltd. 52,841 77,297 TS Corp. 32,898 774,390 # UBCare Co., Ltd. 114,292 348,285 # Ubiquoss Holdings, Inc. 85,888 492,975 #* Ubiquoss, Inc. 24,418 437,559 #* Ubivelox, Inc. 14,683 147,891 #* Ugint Co., Ltd. 2,500,081 679,525 UIL Co., Ltd. 26,280 164,705 # Uju Electronics Co., Ltd. 50,372 665,867 Unid Co., Ltd. 48,639 2,218,642 # Union Semiconductor Equipment & Materials Co., Ltd. 116,507 724,065 # Uniquest Corp. 92,582 621,624 #* Unison Co., Ltd. 116,022 467,808 # UniTest, Inc. 182,167 1,934,008 # Value Added Technologies Co., Ltd. 80,608 2,232,495 # Viatron Technologies, Inc. 51,934 1,020,453 #* Vidente Co., Ltd. 3,643 10,046 Vieworks Co., Ltd. 63,950 2,800,484 # Visang Education, Inc. 85,564 997,666 # Vitzrocell Co., Ltd. 67,928 880,172 #* W Holding Co., Ltd. 275,256 169,625 * Webzen, Inc. 122,204 1,888,266 #* Welcron Co., Ltd. 87,278 246,412 # WeMade Entertainment Co., Ltd. 52,608 1,529,430 Whanin Pharmaceutical Co., Ltd. 98,586 1,739,240 #* WillBes & Co. (The) 559,699 1,044,766 # Winix, Inc. 18,162 177,668 #* Winnova Co., Ltd. 246,261 128,737 # Wins Co., Ltd. 43,865 497,291 # WiSoL Co., Ltd. 187,224 2,373,695 * WIZIT Co., Ltd. 288,767 268,236 #* WONIK CUBE Corp. 46,904 94,127 #* Wonik Holdings Co., Ltd. 314,942 2,416,454 #* WONIK IPS Co., Ltd. 177,736 5,180,402 #* Wonik Materials Co., Ltd. 14,286 986,420 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- SOUTH KOREA -- (Continued) #* Wonik QnC Corp. 80,419 $ 849,839 Woojin Plaimm Co., Ltd. 1,088 14,389 * Woongjin Co., Ltd. 421,146 846,934 #* Woongjin Energy Co., Ltd. 140,710 1,012,102 * Woongjin Thinkbig Co., Ltd. 219,308 1,400,638 Woori Bank 1,674,358 28,596,457 # Woori Bank Sponsored ADR 1,525 78,171 #* Woori Investment Bank Co., Ltd. 2,056,434 1,292,449 #* Woori Technology, Inc. 110,030 52,319 #* Wooridul Pharmaceutical, Ltd. 28,523 204,643 # Woory Industrial Co., Ltd. 57,232 1,685,168 # Wooshin Systems Co., Ltd. 52,243 329,506 # Woosu AMS Co., Ltd. 88,441 229,527 # WooSung Feed Co., Ltd. 222,792 611,275 # Y G-1 Co., Ltd. 69,666 725,105 #* YD Online Corp. 135,587 527,905 #* YeaRimDang Publishing Co., Ltd. 135,522 1,172,329 # Yeong Hwa Metal Co., Ltd. 172,763 251,407 # YES24 Co., Ltd. 32,156 193,985 YESCO Co., Ltd. 14,992 513,166 # YG Entertainment, Inc. 44,388 1,169,734 #* YJM Games Co., Ltd. 47,155 126,742 # YMC Co., Ltd. 68,334 1,306,039 #* Yonwoo Co., Ltd. 18,522 451,710 # Yoosung Enterprise Co., Ltd. 173,620 632,886 # YooSung T&S Co., Ltd. 140,682 535,576 # Youlchon Chemical Co., Ltd. 73,044 904,048 # Young Heung Iron & Steel Co., Ltd. 174,829 225,705 Young Poong Corp. 2,368 2,619,826 # Young Poong Precision Corp. 97,162 815,380 # Youngone Corp. 131,172 3,843,020 Youngone Holdings Co., Ltd. 34,770 1,670,851 #* YoungWoo DSP Co., Ltd. 88,679 607,944 YTN Co., Ltd. 18,296 38,745 #* Yuanta Securities Korea Co., Ltd. 1,351,423 4,686,960 Yuhan Corp. 28,150 5,949,943 YuHwa Securities Co., Ltd. 5,800 80,346 #* Yungjin Pharmaceutical Co., Ltd. 265,384 2,271,706 #* Yuyang DNU Co., Ltd. 112,890 385,183 # Zeus Co., Ltd. 43,409 663,553 * Zungwon En-Sys, Inc. 9,089 19,515 -------------- TOTAL SOUTH KOREA 4,241,582,253 -------------- TAIWAN -- (14.8%) 104 Corp. 4,000 19,811 # A-DATA Technology Co., Ltd. 1,591,465 4,053,718 Ability Enterprise Co., Ltd. 2,224,974 1,392,774 # Ability Opto-Electronics Technology Co., Ltd. 149,000 330,202 # AcBel Polytech, Inc. 3,682,468 2,834,599 Accton Technology Corp. 3,510,369 9,351,878 # Acer, Inc. 18,224,595 8,955,409 ACES Electronic Co., Ltd. 910,000 842,750 Achem Technology Corp. 1,750,264 591,337 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) * Acme Electronics Corp. 270,481 $ 88,395 # Acter Co., Ltd. 384,000 2,472,165 * Action Electronics Co., Ltd. 1,735,000 438,414 # Actron Technology Corp. 697,200 2,467,289 Addcn Technology Co., Ltd. 126,146 1,056,759 # Adlink Technology, Inc. 711,107 1,510,192 # Advanced Ceramic X Corp. 400,000 4,872,754 #* Advanced Connectek, Inc. 1,730,000 595,451 Advanced International Multitech Co., Ltd. 887,000 1,038,156 * Advanced Lithium Electrochemistry Cayman Co., Ltd. 75,000 53,878 # Advanced Optoelectronic Technology, Inc. 627,000 719,157 # Advanced Semiconductor Engineering, Inc. 28,659,774 38,451,023 Advanced Semiconductor Engineering, Inc. ADR 817,172 5,385,163 # Advanced Wireless Semiconductor Co. 1,703,000 3,858,407 # Advancetek Enterprise Co., Ltd. 1,132,158 781,591 # Advantech Co., Ltd. 1,205,458 9,118,678 #* AGV Products Corp. 4,184,603 1,076,767 AimCore Technology Co., Ltd. 310,402 251,433 * Airmate Cayman International Co., Ltd. 62,000 60,931 # Airtac International Group 639,714 8,653,042 # Alchip Technologies, Ltd. 380,000 1,003,528 # Alcor Micro Corp. 463,000 277,398 #* ALI Corp. 2,701,000 1,835,965 # All Ring Tech Co., Ltd. 652,000 1,242,768 Allis Electric Co., Ltd. 329,000 115,324 # Alltek Technology Corp. 580,644 496,024 # Alltop Technology Co., Ltd. 592,000 1,466,240 # Alpha Networks, Inc. 2,736,100 2,237,385 # Altek Corp. 2,692,159 2,346,037 # Amazing Microelectronic Corp. 510,920 1,684,697 Ambassador Hotel (The) 1,725,000 1,333,788 # AMICCOM Electronics Corp. 275,690 385,955 AMPOC Far-East Co., Ltd. 687,567 570,433 # AmTRAN Technology Co., Ltd. 6,381,944 4,110,263 # Anpec Electronics Corp. 888,448 1,403,901 # AP Memory Technology Corp. 197,000 479,517 # Apacer Technology, Inc. 749,005 1,005,897 APAQ Technology Co., Ltd. 206,000 230,661 APCB, Inc. 1,317,000 1,375,751 # Apex Biotechnology Corp. 773,625 888,941 # Apex International Co., Ltd. 945,113 804,545 # Apex Medical Corp. 464,463 463,050 # Apex Science & Engineering 980,870 285,606 Apogee Optocom Co., Ltd. 127,000 631,289 Arcadyan Technology Corp. 1,492,753 2,326,304 Ardentec Corp. 4,046,993 3,747,473 * Arima Communications Corp. 1,197,153 170,091 # Asia Cement Corp. 10,230,655 9,041,880 # Asia Optical Co., Inc. 2,126,000 5,003,915 * Asia Pacific Telecom Co., Ltd. 5,872,000 2,081,113 # Asia Plastic Recycling Holding, Ltd. 2,272,391 1,042,359 Asia Polymer Corp. 3,269,888 1,982,603 Asia Tech Image, Inc. 199,000 323,293 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Asia Vital Components Co., Ltd. 3,223,864 $ 2,825,100 # ASMedia Technology, Inc. 174,000 2,275,595 # ASPEED Technology, Inc. 167,999 3,893,988 # ASROCK, Inc. 296,000 705,554 # Asustek Computer, Inc. 2,440,861 22,700,760 Aten International Co., Ltd. 789,715 2,044,572 # AU Optronics Corp. 72,796,497 29,470,063 # AU Optronics Corp. Sponsored ADR 1,487,852 5,981,165 # Audix Corp. 669,375 855,291 # AURAS Technology Co., Ltd. 652,303 1,792,955 # Aurona Industries, Inc. 419,000 366,026 # Aurora Corp. 523,226 1,016,753 # Avalue Technology, Inc. 374,000 633,929 # Avermedia Technologies 1,728,037 603,722 #* Avision, Inc. 1,034,263 228,614 # AVY Precision Technology, Inc. 513,940 912,059 Awea Mechantronic Co., Ltd. 216,062 224,388 # Axiomtek Co., Ltd. 477,000 871,293 # Bank of Kaohsiung Co., Ltd. 4,039,855 1,371,272 # Basso Industry Corp. 1,079,284 2,941,345 # BenQ Materials Corp. 1,691,000 923,850 # BES Engineering Corp. 14,768,050 3,185,414 #* Bin Chuan Enterprise Co., Ltd. 655,000 964,939 #* Bionet Corp. 260,000 262,583 Bionime Corp. 165,000 335,854 #* Biostar Microtech International Corp. 1,106,712 609,044 # Bioteque Corp. 535,680 1,508,661 # Bizlink Holding, Inc. 592,982 4,416,348 # Boardtek Electronics Corp. 1,222,000 1,103,941 # Bon Fame Co., Ltd. 157,000 505,105 # Bothhand Enterprise, Inc. 543,000 1,073,553 Bright Led Electronics Corp. 1,099,180 544,000 Brighton-Best International Taiwan, Inc. 43,000 25,628 #* Browave Corp. 663,000 992,349 # C Sun Manufacturing, Ltd. 993,740 679,462 C-Media Electronics, Inc. 34,000 27,740 #* Cameo Communications, Inc. 2,116,116 587,659 # Capital Futures Corp. 255,000 312,869 # Capital Securities Corp. 17,090,210 5,619,824 Career Technology MFG. Co., Ltd. 3,038,000 2,018,629 * Carnival Industrial Corp. 1,889,000 300,767 # Casetek Holdings, Ltd. 1,414,000 4,466,500 # Catcher Technology Co., Ltd. 4,329,872 49,762,807 Cathay Chemical Works 35,000 17,740 Cathay Financial Holding Co., Ltd. 19,446,499 31,685,836 Cathay Real Estate Development Co., Ltd. 6,233,600 3,581,174 # Cayman Engley Industrial Co., Ltd. 103,000 577,829 Celxpert Energy Corp. 162,000 138,074 #* Center Laboratories, Inc. 648,000 1,268,154 Central Reinsurance Co., Ltd. 700,774 342,246 # Chailease Holding Co., Ltd. 6,926,240 19,911,288 #* Chain Chon Industrial Co., Ltd. 665,000 401,634 # ChainQui Construction Development Co., Ltd. 425,464 269,203 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) #* Champion Building Materials Co., Ltd. 2,778,390 $ 679,218 Champion Microelectronic Corp. 59,132 91,480 Chang Hwa Commercial Bank, Ltd. 22,895,295 13,421,879 Chang Wah Electromaterials, Inc. 290,520 1,323,477 # Channel Well Technology Co., Ltd. 1,564,000 1,364,894 # Chant Sincere Co., Ltd. 361,000 442,071 # Charoen Pokphand Enterprise 2,329,620 5,317,793 # Chaun-Choung Technology Corp. 634,000 2,654,541 # CHC Healthcare Group 114,000 156,130 # CHC Resources Corp. 375,135 646,127 # Chen Full International Co., Ltd. 907,000 1,579,367 # Chenbro Micom Co., Ltd. 623,000 1,066,386 # Cheng Loong Corp. 8,181,160 4,294,450 # Cheng Shin Rubber Industry Co., Ltd. 9,938,508 20,102,352 Cheng Uei Precision Industry Co., Ltd. 4,271,630 5,793,852 # Chenming Mold Industry Corp. 1,120,708 719,278 # Chia Chang Co., Ltd. 940,000 761,163 Chia Hsin Cement Corp. 2,817,747 998,871 Chian Hsing Forging Industrial Co., Ltd. 366,000 887,147 Chicony Electronics Co., Ltd. 3,276,900 8,431,503 Chicony Power Technology Co., Ltd. 1,255,245 2,572,729 # Chien Kuo Construction Co., Ltd. 1,874,706 553,312 # Chilisin Electronics Corp. 1,304,272 3,259,139 # Chime Ball Technology Co., Ltd. 182,696 398,086 #* Chimei Materials Technology Corp. 3,230,200 1,447,675 # Chin-Poon Industrial Co., Ltd. 3,472,617 6,855,646 China Airlines, Ltd. 26,987,057 8,293,582 # China Bills Finance Corp. 2,440,000 1,208,003 # China Chemical & Pharmaceutical Co., Ltd. 2,286,000 1,355,505 China Development Financial Holding Corp. 50,457,157 15,218,387 # China Ecotek Corp. 179,000 246,028 * China Electric Manufacturing Corp. 2,113,220 558,948 # China General Plastics Corp. 3,594,055 3,446,578 China Glaze Co., Ltd. 661,022 260,351 China Life Insurance Co., Ltd. 15,609,194 16,515,253 China Man-Made Fiber Corp. 10,938,845 3,223,499 China Metal Products 2,534,405 2,555,669 China Motor Corp. 4,116,716 3,557,080 #* China Petrochemical Development Corp. 25,476,325 10,631,523 # China Steel Chemical Corp. 688,998 2,616,106 # China Steel Corp. 30,718,440 25,223,240 China Steel Structure Co., Ltd. 723,000 490,897 # China Synthetic Rubber Corp. 4,954,541 5,605,441 China Wire & Cable Co., Ltd. 873,680 751,647 # Chinese Maritime Transport, Ltd. 806,964 727,100 Chipbond Technology Corp. 6,339,000 10,441,637 # ChipMOS TECHNOLOGIES, Inc. 1,196,216 1,175,682 ChipMOS TECHNOLOGIES, Inc. ADR 55,580 1,080,475 # Chlitina Holding, Ltd. 499,000 2,124,889 # Chong Hong Construction Co., Ltd. 1,176,739 2,794,047 Chroma ATE, Inc. 1,547,705 4,889,573 Chun YU Works & Co., Ltd. 1,435,000 674,606 Chun Yuan Steel 2,765,177 1,048,397 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) #* Chung Hung Steel Corp. 9,268,926 $ 3,116,349 Chung Hwa Food Industrial Co., Ltd. 16,650 36,007 # Chung Hwa Pulp Corp. 4,374,308 1,469,952 Chung-Hsin Electric & Machinery Manufacturing Corp. 3,923,500 2,753,708 # Chunghwa Chemical Synthesis & Biotech Co., Ltd. 212,000 163,608 * Chunghwa Picture Tubes, Ltd. 15,894,759 868,274 # Chunghwa Precision Test Tech Co., Ltd. 58,000 2,721,894 Chunghwa Telecom Co., Ltd. 5,614,000 18,976,439 # Chunghwa Telecom Co., Ltd. Sponsored ADR 431,157 14,581,729 # Chyang Sheng Dyeing & Finishing Co., Ltd. 1,266,000 1,006,855 Cleanaway Co., Ltd. 674,000 3,872,753 Clevo Co. 3,219,482 2,877,104 #* CMC Magnetics Corp. 17,671,032 2,268,842 #* Co-Tech Development Corp. 1,152,000 1,885,024 # CoAdna Holdings, Inc. 54,000 81,679 # CoAsia Microelectronics Corp. 894,642 449,035 # Coland Holdings, Ltd. 169,000 224,425 Collins Co., Ltd. 316,060 118,267 Compal Electronics, Inc. 30,521,560 20,270,660 # Compeq Manufacturing Co., Ltd. 10,411,000 9,597,553 # Compucase Enterprise 742,000 1,152,888 # Concord Securities Co., Ltd. 3,458,000 754,700 # Concraft Holding Co., Ltd. 266,000 1,893,023 # Continental Holdings Corp. 3,617,250 1,377,719 # Contrel Technology Co., Ltd. 892,000 573,986 # Coremax Corp. 323,000 860,643 Coretronic Corp. 4,309,600 5,451,920 # Cowealth Medical Holding Co., Ltd. 108,319 144,342 # Coxon Precise Industrial Co., Ltd. 1,173,000 1,080,410 # Creative Sensor, Inc. 757,000 547,990 #* Crystalwise Technology, Inc. 266,585 78,450 #* CSBC Corp. Taiwan 4,004,150 1,737,266 CTBC Financial Holding Co., Ltd. 60,077,931 38,598,163 # CTCI Corp. 4,128,896 6,733,947 # Cub Elecparts, Inc. 419,803 5,215,940 # CviLux Corp. 712,378 762,143 # CX Technology Co., Ltd. 604,000 547,166 # Cyberlink Corp. 568,504 1,194,220 # CyberPower Systems, Inc. 403,000 1,264,536 # CyberTAN Technology, Inc. 2,869,873 1,923,411 # Cypress Technology Co., Ltd. 241,000 1,355,880 D-Link Corp. 6,497,758 2,396,828 # DA CIN Construction Co., Ltd. 1,448,809 846,733 # Da-Li Development Co., Ltd. 725,898 580,508 Dadi Early-Childhood Education Group, Ltd. 27,000 157,345 Dafeng TV, Ltd. 384,061 470,608 * Danen Technology Corp. 3,627,000 773,490 Darfon Electronics Corp. 2,096,700 1,780,313 Darwin Precisions Corp. 3,590,304 1,510,151 # Davicom Semiconductor, Inc. 334,392 252,971 Daxin Materials Corp. 289,000 411,499 # De Licacy Industrial Co. 1,716,873 1,631,224 # Delpha Construction Co., Ltd. 1,308,754 602,501 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Delta Electronics, Inc. 6,626,028 $35,208,077 Depo Auto Parts Ind Co., Ltd. 825,634 2,243,301 # DFI, Inc. 455,571 748,232 Dimerco Data System Corp. 14,000 17,100 Dimerco Express Corp. 818,000 582,225 # Dr Wu Skincare Co., Ltd. 19,000 103,481 Draytek Corp. 158,000 168,294 # Dynacolor, Inc. 267,000 319,513 * Dynamic Electronics Co., Ltd. 1,984,583 778,719 Dynapack International Technology Corp. 1,336,000 1,733,301 E Ink Holdings, Inc. 7,795,000 8,333,693 # E-Lead Electronic Co., Ltd. 582,846 547,257 E-LIFE MALL Corp. 378,000 768,704 * E-Ton Solar Tech Co., Ltd. 2,758,168 758,677 E.Sun Financial Holding Co., Ltd. 34,303,791 21,868,582 * Eastern Media International Corp. 4,591,270 1,325,740 # Eclat Textile Co., Ltd. 952,518 10,966,294 # ECOVE Environment Corp. 200,000 1,112,602 Edimax Technology Co., Ltd. 1,691,423 573,866 * Edison Opto Corp. 929,000 421,691 # Edom Technology Co., Ltd. 1,087,038 586,788 # eGalax_eMPIA Technology, Inc. 481,451 783,783 Elan Microelectronics Corp. 1,952,323 2,955,389 # Elite Advanced Laser Corp. 1,328,928 5,457,180 # Elite Material Co., Ltd. 2,315,839 11,453,759 # Elite Semiconductor Memory Technology, Inc. 1,977,390 2,334,842 * Elitegroup Computer Systems Co., Ltd. 3,199,028 2,090,776 eMemory Technology, Inc. 475,000 6,975,189 # Emerging Display Technologies Corp. 1,185,000 367,498 ENG Electric Co., Ltd. 1,281,945 679,191 # Ennoconn Corp. 342,487 5,135,162 # EnTie Commercial Bank Co., Ltd. 2,193,166 929,483 #* Epileds Technologies, Inc. 567,000 380,962 #* Epistar Corp. 10,253,261 9,801,366 Eslite Spectrum Corp. (The) 28,550 139,825 # Eson Precision Ind. Co., Ltd. 529,000 827,854 Eternal Materials Co., Ltd. 5,215,051 5,868,014 * Etron Technology, Inc. 2,845,000 1,119,756 # Eurocharm Holdings Co., Ltd. 282,000 862,078 Eva Airways Corp. 20,820,362 10,089,438 # Everest Textile Co., Ltd. 2,731,064 1,452,051 Evergreen International Storage & Transport Corp. 5,111,000 2,369,577 * Evergreen Marine Corp. Taiwan, Ltd. 13,977,306 7,659,304 # Everlight Chemical Industrial Corp. 3,407,756 2,014,076 Everlight Electronics Co., Ltd. 3,850,570 5,857,237 # Everspring Industry Co., Ltd. 786,000 356,922 Excelsior Medical Co., Ltd. 891,581 1,418,629 # EZconn Corp. 310,000 455,585 Far Eastern Department Stores, Ltd. 9,088,000 4,530,177 Far Eastern International Bank 19,688,230 6,494,445 Far Eastern New Century Corp. 14,311,705 11,778,838 Far EasTone Telecommunications Co., Ltd. 7,226,000 17,469,774 # Faraday Technology Corp. 1,793,893 2,458,637 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) #* Farglory F T Z Investment Holding Co., Ltd. 614,000 $ 273,650 # Farglory Land Development Co., Ltd. 4,429,105 5,545,200 # Federal Corp. 3,925,938 1,848,007 # Feedback Technology Corp. 346,000 768,318 # Feng Hsin Steel Co., Ltd. 2,917,131 4,995,425 # Feng TAY Enterprise Co., Ltd. 1,991,292 8,540,415 Fine Blanking & Tool Co., Ltd. 35,000 49,412 * First Copper Technology Co., Ltd. 1,102,000 392,505 # First Financial Holding Co., Ltd. 40,589,150 27,415,176 # First Hi-Tec Enterprise Co., Ltd. 599,496 634,803 # First Hotel 1,032,805 574,510 First Insurance Co., Ltd. (The) 1,823,640 833,366 * First Steamship Co., Ltd. 5,817,194 1,770,249 # FLEXium Interconnect, Inc. 2,684,804 12,536,855 # Flytech Technology Co., Ltd. 849,070 2,750,165 # FocalTech Systems Co., Ltd. 2,476,174 3,234,416 # Forest Water Environment Engineering Co., Ltd. 256,000 507,919 # Formosa Advanced Technologies Co., Ltd. 1,648,000 1,532,547 # Formosa Chemicals & Fibre Corp. 9,635,198 29,029,990 # Formosa International Hotels Corp. 457,975 2,373,550 # Formosa Laboratories, Inc. 570,178 1,513,601 # Formosa Oilseed Processing Co., Ltd. 421,891 814,989 # Formosa Optical Technology Co., Ltd. 193,000 458,734 Formosa Petrochemical Corp. 4,117,000 14,452,768 Formosa Plastics Corp. 8,006,770 24,012,935 Formosa Taffeta Co., Ltd. 4,594,460 4,549,361 Formosan Rubber Group, Inc. 3,504,602 1,745,707 Formosan Union Chemical 2,619,401 1,730,020 # Fortune Electric Co., Ltd. 787,304 451,968 # Founding Construction & Development Co., Ltd. 1,369,882 716,776 Foxconn Technology Co., Ltd. 4,312,241 12,965,515 Foxlink Image Technology Co., Ltd. 996,000 565,145 # Foxsemicon Integrated Technology, Inc. 547,050 3,878,641 # Froch Enterprise Co., Ltd. 1,580,384 743,450 FSP Technology, Inc. 1,144,619 915,078 Fubon Financial Holding Co., Ltd. 20,299,387 31,534,161 Fulgent Sun International Holding Co., Ltd. 434,240 1,230,455 # Fullerton Technology Co., Ltd. 784,670 621,855 # Fulltech Fiber Glass Corp. 2,859,540 1,367,783 # Fwusow Industry Co., Ltd. 874,294 518,456 # G Shank Enterprise Co., Ltd. 1,238,510 1,089,678 #* G Tech Optoelectronics Corp. 1,087,955 698,876 # Gallant Precision Machining Co., Ltd. 1,248,000 957,576 Gamania Digital Entertainment Co., Ltd. 572,000 689,768 # GCS Holdings, Inc. 386,000 823,904 Gemtek Technology Corp. 2,883,574 2,503,036 General Interface Solution Holding, Ltd. 1,040,000 9,970,314 # General Plastic Industrial Co., Ltd. 246,684 318,517 # Generalplus Technology, Inc. 509,000 605,818 * Genesis Photonics, Inc. 2,257,080 202,599 # Genesys Logic, Inc. 755,000 924,582 #* Genius Electronic Optical Co., Ltd. 754,810 8,635,542 * Genmont Biotech, Inc. 105,314 73,978 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Genovate Biotechnology Co., Ltd. 150,000 $ 186,133 GeoVision, Inc. 458,486 616,081 Getac Technology Corp. 3,740,281 4,730,672 Giant Manufacturing Co., Ltd. 1,686,363 8,324,096 # Giantplus Technology Co., Ltd. 2,329,000 1,456,033 # Gigabyte Technology Co., Ltd. 5,458,750 6,975,543 # Gigasolar Materials Corp. 257,820 2,158,727 #* Gigastorage Corp. 3,839,728 2,205,526 # Ginko International Co., Ltd. 401,000 3,698,559 #* Gintech Energy Corp. 4,906,735 2,681,280 * Global Brands Manufacture, Ltd. 2,692,973 999,767 # Global Lighting Technologies, Inc. 721,000 1,126,601 Global Mixed Mode Technology, Inc. 534,000 1,189,000 # Global PMX Co., Ltd. 260,000 1,479,779 # Global Unichip Corp. 728,000 4,157,750 Globalwafers Co., Ltd. 422,779 3,328,269 # Globe Union Industrial Corp. 1,941,820 1,454,194 # Gloria Material Technology Corp. 4,916,885 3,280,483 # Glory Science Co., Ltd. 449,866 941,263 * GlycoNex, Inc. 13,000 11,848 #* Gold Circuit Electronics, Ltd. 4,013,747 1,355,589 Golden Friends Corp. 96,000 139,675 * Goldsun Building Materials Co., Ltd. 11,403,672 3,545,580 Good Will Instrument Co., Ltd. 224,342 170,024 Gourmet Master Co., Ltd. 443,520 5,191,658 # Grand Ocean Retail Group, Ltd. 530,000 410,925 Grand Pacific Petrochemical 9,189,000 6,640,885 # Grand Plastic Technology Corp. 177,000 1,159,900 # Grape King Bio, Ltd. 924,000 5,855,711 # Great China Metal Industry 1,038,000 874,869 # Great Taipei Gas Co., Ltd. 1,480,000 1,218,068 Great Wall Enterprise Co., Ltd. 5,789,797 6,281,251 Greatek Electronics, Inc. 2,178,000 3,691,377 #* Green Energy Technology, Inc. 2,524,640 1,191,367 Green River Holding Co., Ltd. 35,350 188,576 # Green Seal Holding, Ltd. 719,400 2,107,364 # GTM Holdings Corp. 1,045,000 598,104 # Gudeng Precision Industrial Co., Ltd. 142,089 156,991 Hakers Enterprise Co., Ltd. 105,000 135,459 # Hannstar Board Corp. 3,020,875 1,473,416 #* HannStar Display Corp. 27,572,323 8,331,137 * HannsTouch Solution, Inc. 4,673,391 1,569,901 # Hanpin Electron Co., Ltd. 786,000 1,008,425 * Harvatek Corp. 1,163,839 398,477 Hey Song Corp. 1,938,500 2,038,268 # Hi-Clearance, Inc. 139,000 427,101 # Highwealth Construction Corp. 6,043,130 10,005,452 # HIM International Music, Inc. 170,000 689,605 # Hiroca Holdings, Ltd. 491,221 1,749,234 #* HiTi Digital, Inc. 900,975 320,659 # Hitron Technology, Inc. 2,417,300 1,580,102 Hiwin Technologies Corp. 1,188,915 8,632,674 * Ho Tung Chemical Corp. 8,075,197 2,214,889 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ TAIWAN -- (Continued) #* Hocheng Corp. 2,565,300 $ 775,662 Hold-Key Electric Wire & Cable Co., Ltd. 266,901 73,989 # Holiday Entertainment Co., Ltd. 440,400 732,425 Holtek Semiconductor, Inc. 1,710,000 3,317,217 Holy Stone Enterprise Co., Ltd. 1,873,822 2,293,217 Hon Hai Precision Industry Co., Ltd. 55,950,504 217,595,688 # Hong Ho Precision Textile Co., Ltd. 207,000 149,084 Hong Pu Real Estate Development Co., Ltd. 2,557,554 1,977,680 # Hong TAI Electric Industrial 1,599,000 523,430 # Hong YI Fiber Industry Co. 1,191,680 864,301 #* Horizon Securities Co., Ltd. 3,599,000 780,276 # Hota Industrial Manufacturing Co., Ltd. 1,765,762 8,081,580 # Hotai Motor Co., Ltd. 818,000 9,939,990 # Hotron Precision Electronic Industrial Co., Ltd. 349,000 629,161 Howarm United Industries Co., Ltd. 115,310 9,631 # Hsin Kuang Steel Co., Ltd. 2,203,783 2,206,703 # Hsin Yung Chien Co., Ltd. 281,100 661,847 Hsing TA Cement Co. 324,900 111,441 #* HTC Corp. 4,179,619 9,920,713 # Hu Lane Associate, Inc. 624,688 3,723,907 #* HUA ENG Wire & Cable Co., Ltd. 3,161,000 1,057,909 Hua Nan Financial Holdings Co., Ltd. 25,588,241 14,955,584 # Huaku Development Co., Ltd. 2,241,400 4,742,566 # Huang Hsiang Construction Corp. 1,537,735 1,866,076 # Hung Ching Development & Construction Co., Ltd. 895,000 579,964 Hung Sheng Construction, Ltd. 4,202,900 2,735,423 # Huxen Corp. 239,072 331,956 # Hwa Fong Rubber Co., Ltd. 1,943,112 714,432 #* Hwacom Systems, Inc. 221,000 84,428 #* I-Chiun Precision Industry Co., Ltd. 1,243,211 383,277 # I-Sheng Electric Wire & Cable Co., Ltd. 815,000 1,164,298 # Ibase Technology, Inc. 1,194,582 2,350,148 #* Ichia Technologies, Inc. 2,765,255 1,735,133 Ideal Bike Corp. 459,553 171,935 IEI Integration Corp. 863,950 1,321,237 # Infortrend Technology, Inc. 1,850,866 925,806 # Innodisk Corp. 526,720 1,785,213 # Innolux Corp. 85,230,151 41,575,931 Inpaq Technology Co., Ltd. 360,000 321,652 # Intai Technology Corp. 257,000 888,921 # Integrated Service Technology, Inc. 562,610 2,216,375 # IntelliEPI, Inc. 184,000 544,259 # International Games System Co., Ltd. 368,000 1,935,612 Inventec Corp. 15,977,276 12,762,973 # Iron Force Industrial Co., Ltd. 408,682 2,077,306 ITE Technology, Inc. 1,050,646 1,136,742 ITEQ Corp. 2,023,611 3,078,601 J Touch Corp. 22,100 414 # Jarllytec Co., Ltd. 539,828 1,080,848 # Jentech Precision Industrial Co., Ltd. 407,156 1,034,180 Jess-Link Products Co., Ltd. 1,092,600 1,047,341 # Jih Sun Financial Holdings Co., Ltd. 9,239,815 2,169,588 # Jinli Group Holdings, Ltd. 1,155,200 1,405,820 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Johnson Health Tech Co., Ltd. 403,247 $ 490,813 # K Laser Technology, Inc. 1,257,459 631,242 Kang Na Hsiung Enterprise Co., Ltd. 719,150 257,102 # Kaori Heat Treatment Co., Ltd. 709,321 1,098,129 Kaulin Manufacturing Co., Ltd. 956,684 605,127 # KEE TAI Properties Co., Ltd. 4,297,101 1,422,904 Kenda Rubber Industrial Co., Ltd. 2,833,304 4,441,812 # Kenmec Mechanical Engineering Co., Ltd. 1,598,000 512,756 # Kerry TJ Logistics Co., Ltd. 1,352,000 1,614,264 Kindom Construction Corp. 4,794,000 2,889,671 # King Chou Marine Technology Co., Ltd. 581,800 663,436 King Core Electronics, Inc. 79,006 47,333 # King Slide Works Co., Ltd. 292,450 4,110,927 # King Yuan Electronics Co., Ltd. 11,424,032 11,377,663 King's Town Bank Co., Ltd. 6,919,653 7,150,640 #* King's Town Construction Co., Ltd. 1,136,690 899,638 # Kingcan Holdings, Ltd. 378,594 383,069 # Kingpak Technology, Inc. 261,782 1,676,642 Kinik Co. 1,203,000 3,099,550 #* Kinko Optical Co., Ltd. 1,232,772 1,385,219 Kinpo Electronics 11,999,892 4,392,994 # Kinsus Interconnect Technology Corp. 2,647,476 7,135,768 # KMC Kuei Meng International, Inc. 428,144 2,047,519 # KS Terminals, Inc. 996,290 1,851,577 # Kung Long Batteries Industrial Co., Ltd. 565,000 2,890,258 #* Kung Sing Engineering Corp. 2,538,000 882,581 # Kuo Toong International Co., Ltd. 2,216,545 1,500,785 # Kuoyang Construction Co., Ltd. 3,330,586 1,538,855 # Kwong Fong Industries Corp. 1,149,704 881,295 # Kwong Lung Enterprise Co., Ltd. 556,000 829,235 #* KYE Systems Corp. 2,089,107 620,130 # L&K Engineering Co., Ltd. 1,658,000 2,002,728 * LAN FA Textile 1,436,412 403,094 # Land Mark Optoelectronics Corp. 448,600 6,145,095 # Lanner Electronics, Inc. 643,450 910,410 Largan Precision Co., Ltd. 266,234 48,576,861 # Laser Tek Taiwan Co., Ltd. 397,144 377,254 Laster Tech Corp., Ltd. 110,000 290,550 LCY Chemical Corp. 2,997,495 4,349,813 Leader Electronics, Inc. 872,886 295,050 # Leadtrend Technology Corp. 166,926 156,623 * Lealea Enterprise Co., Ltd. 6,331,965 2,286,388 Ledlink Optics, Inc. 344,858 483,840 # Ledtech Electronics Corp. 573,095 237,273 # LEE CHI Enterprises Co., Ltd. 1,578,000 540,824 # Lelon Electronics Corp. 807,765 1,086,615 # Lemtech Holdings Co., Ltd. 180,000 1,293,856 # Leofoo Development Co., Ltd. 2,169,655 593,354 #* LES Enphants Co., Ltd. 1,127,479 410,579 * Lextar Electronics Corp. 3,207,000 1,869,569 # Li Cheng Enterprise Co., Ltd. 635,520 1,783,919 #* Li Peng Enterprise Co., Ltd. 5,803,060 1,627,679 # Lian HWA Food Corp. 587,592 696,750 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Lien Hwa Industrial Corp. 6,208,984 $ 5,778,013 # Lingsen Precision Industries, Ltd. 3,349,490 1,628,770 Lion Travel Service Co., Ltd. 33,000 109,072 Lite-On Semiconductor Corp. 1,932,887 1,912,679 Lite-On Technology Corp. 14,393,419 23,294,551 # Long Bon International Co., Ltd. 2,676,875 1,405,007 # Long Chen Paper Co., Ltd. 5,219,193 6,568,628 # Longwell Co. 1,078,000 1,356,077 Lotes Co., Ltd. 585,920 3,387,644 # Lu Hai Holding Corp. 278,000 522,867 Lucky Cement Corp. 1,671,000 491,408 # Lumax International Corp., Ltd. 630,140 1,111,824 Lung Yen Life Service Corp. 583,000 1,428,474 #* LuxNet Corp. 797,484 846,490 # Macauto Industrial Co., Ltd. 423,000 2,764,969 # Machvision, Inc. 302,000 1,759,034 # Macroblock, Inc. 233,000 586,161 #* Macronix International 28,701,994 15,648,115 # Mag Layers Scientific-Technics Co., Ltd. 437,233 978,276 # Makalot Industrial Co., Ltd. 1,636,416 7,313,583 Marketech International Corp. 998,000 1,274,709 Masterlink Securities Corp. 10,888,303 2,916,968 # Materials Analysis Technology, Inc. 253,662 897,492 # Mayer Steel Pipe Corp. 1,115,905 491,575 Maywufa Co., Ltd. 178,462 80,091 MediaTek, Inc. 4,016,823 35,359,724 # Mega Financial Holding Co., Ltd. 27,508,220 23,281,597 Meiloon Industrial Co. 1,063,721 918,386 Mercuries & Associates Holding, Ltd. 3,419,081 2,569,352 * Mercuries Life Insurance Co., Ltd. 7,798,960 4,080,736 # Merida Industry Co., Ltd. 761,588 3,643,557 Merry Electronics Co., Ltd. 1,203,594 9,924,505 Micro-Star International Co., Ltd. 4,943,465 12,807,387 * Microbio Co., Ltd. 2,576,358 1,995,460 # Microelectronics Technology, Inc. 420,772 510,219 Microlife Corp. 286,100 666,902 Mildef Crete, Inc. 278,000 519,521 # MIN AIK Technology Co., Ltd. 1,516,562 1,526,804 # Mirle Automation Corp. 1,649,512 2,184,476 Mitac Holdings Corp. 5,962,300 7,132,609 # Mobiletron Electronics Co., Ltd. 501,960 639,794 # momo.com, Inc. 95,000 673,778 * Mosel Vitelic, Inc. 1,371,758 139,104 #* Motech Industries, Inc. 4,201,003 3,378,056 # MPI Corp. 684,000 2,082,317 # Nak Sealing Technologies Corp. 425,549 1,166,991 # Namchow Chemical Industrial Co., Ltd. 1,842,000 3,941,138 # Nan Kang Rubber Tire Co., Ltd. 2,832,197 2,591,942 # Nan Liu Enterprise Co., Ltd. 196,000 947,870 # Nan Ren Lake Leisure Amusement Co., Ltd. 1,231,000 326,893 Nan Ya Plastics Corp. 9,781,584 24,619,280 # Nan Ya Printed Circuit Board Corp. 2,288,211 1,791,966 # Nang Kuang Pharmaceutical co., Ltd. 321,000 419,258 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Nantex Industry Co., Ltd. 2,704,918 $ 1,993,735 # Nanya Technology Corp. 2,765,751 5,703,616 # National Petroleum Co., Ltd. 651,000 846,508 #* Neo Solar Power Corp. 8,420,947 3,889,197 # Netronix, Inc. 707,000 1,591,038 New Asia Construction & Development Corp. 873,423 204,772 New Best Wire Industrial Co., Ltd. 55,000 61,093 # New Era Electronics Co., Ltd. 540,000 366,523 #* Newmax Technology Co., Ltd. 649,916 943,687 # Nexcom International Co., Ltd. 594,267 581,037 # Nichidenbo Corp. 921,498 838,890 Nien Hsing Textile Co., Ltd. 2,278,093 1,701,350 Nien Made Enterprise Co., Ltd. 872,000 10,640,984 # Nishoku Technology, Inc. 311,000 809,544 Novatek Microelectronics Corp. 3,658,000 13,910,119 # Nuvoton Technology Corp. 814,000 1,534,202 * O-TA Precision Industry Co., Ltd. 103,000 43,994 #* OBI Pharma, Inc. 274,000 1,949,888 * Ocean Plastics Co., Ltd. 1,046,000 914,653 # On-Bright Electronics, Inc. 319,000 2,287,409 * Optimax Technology Corp. 204,366 25,823 # OptoTech Corp. 4,968,713 2,679,319 # Orient Europharma Co., Ltd. 248,000 566,016 * Orient Semiconductor Electronics, Ltd. 5,313,000 1,546,035 # Oriental Union Chemical Corp. 3,750,819 3,487,739 # P-Duke Technology Co., Ltd. 308,100 643,573 P-Two Industries, Inc. 128,000 80,703 Pacific Construction Co. 1,133,276 394,375 # Pacific Hospital Supply Co., Ltd. 475,000 1,211,422 # Paiho Shih Holdings Corp. 773,280 1,428,334 # Pan Jit International, Inc. 2,930,860 1,842,537 # Pan-International Industrial Corp. 3,238,854 3,147,735 # Parade Technologies, Ltd. 541,805 7,860,082 # Paragon Technologies Co., Ltd. 530,626 352,183 # PChome Online, Inc. 614,944 4,315,280 # PCL Technologies, Inc. 218,280 920,532 Pegatron Corp. 14,418,293 47,025,283 # PharmaEngine, Inc. 217,191 1,379,651 * PharmaEssentia Corp. 269,000 1,336,225 # Pharmally International Holding Co., Ltd. 156,000 2,195,063 #* Phihong Technology Co., Ltd. 3,105,101 1,249,209 Phison Electronics Corp. 923,000 12,822,315 Phoenix Tours International, Inc. 266,700 301,962 Pili International Multimedia Co., Ltd. 24,000 61,647 # Pixart Imaging, Inc. 534,000 1,520,342 Planet Technology Corp. 89,000 163,502 Plastron Precision Co., Ltd. 260,000 192,787 # Polytronics Technology Corp. 514,408 991,516 # Portwell, Inc. 743,000 1,205,190 # Posiflex Technology, Inc. 397,705 2,200,637 Pou Chen Corp. 16,632,005 22,467,818 # Power Quotient International Co., Ltd. 1,347,400 559,097 Powertech Industrial Co., Ltd. 128,000 87,855 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Powertech Technology, Inc. 4,772,580 $15,465,002 # Poya International Co., Ltd. 346,515 4,421,778 # President Chain Store Corp. 2,221,728 18,826,297 #* President Securities Corp. 7,163,443 3,321,183 # Primax Electronics, Ltd. 3,598,000 7,858,586 #* Prime Electronics & Satellitics, Inc. 834,511 266,297 Prince Housing & Development Corp. 9,425,140 3,401,755 #* Princeton Technology Corp. 1,205,000 324,695 # Pro Hawk Corp. 50,000 233,371 # Promate Electronic Co., Ltd. 1,127,000 1,067,503 # Promise Technology, Inc. 1,517,538 650,501 # Prosperity Dielectrics Co., Ltd. 823,000 649,374 # Qisda Corp. 15,410,525 12,190,038 # QST International Corp. 347,000 1,179,009 # Qualipoly Chemical Corp. 889,232 876,206 # Quang Viet Enterprise Co., Ltd. 98,000 555,230 Quanta Computer, Inc. 9,349,436 22,167,077 # Quanta Storage, Inc. 1,526,000 2,099,723 # Quintain Steel Co., Ltd. 2,157,050 633,789 # Radiant Opto-Electronics Corp. 4,351,692 10,337,559 * Radium Life Tech Co., Ltd. 5,933,861 2,603,797 Rafael Microelectronics, Inc. 81,000 561,274 Realtek Semiconductor Corp. 2,661,861 9,960,313 # Rechi Precision Co., Ltd. 3,427,292 3,593,755 # Rexon Industrial Corp., Ltd. 82,559 82,465 # Rich Development Co., Ltd. 5,247,769 1,685,231 # RichWave Technology Corp. 357,000 1,246,926 #* Right WAY Industrial Co., Ltd. 288,000 193,400 #* Ritek Corp. 17,832,225 3,009,465 #* Rotam Global Agrosciences, Ltd. 728,217 787,163 #* Ruentex Development Co., Ltd. 4,102,539 4,443,157 # Ruentex Engineering & Construction Co. 279,000 359,390 # Ruentex Industries, Ltd. 2,034,824 3,019,591 # Run Long Construction Co., Ltd. 917,352 1,448,921 # Sagittarius Life Science Corp. 211,744 721,826 Sampo Corp. 4,033,119 2,015,870 # San Fang Chemical Industry Co., Ltd. 1,270,659 1,506,590 # San Far Property, Ltd. 339,750 135,031 # San Shing Fastech Corp. 625,622 1,052,426 Sanitar Co., Ltd. 97,000 124,803 Sanyang Motor Co., Ltd. 4,104,802 2,845,509 Scan-D Corp. 10,000 18,217 # SCI Pharmtech, Inc. 627,312 1,364,571 # Scientech Corp. 396,000 819,438 # ScinoPharm Taiwan, Ltd. 588,534 798,161 # SDI Corp. 1,216,000 2,561,632 # Sea Sonic Electronics Co., Ltd. 202,000 206,607 # Senao International Co., Ltd. 558,547 1,073,215 # Senao Networks, Inc. 268,000 1,201,655 # Sercomm Corp. 2,080,000 5,264,174 # Sesoda Corp. 1,607,168 1,510,495 # Shan-Loong Transportation Co., Ltd. 347,247 390,521 # Sharehope Medicine Co., Ltd. 169,000 212,575 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Sheng Yu Steel Co., Ltd. 1,159,000 $ 1,362,422 # ShenMao Technology, Inc. 815,450 781,214 # Shieh Yih Machinery Industry Co., Ltd. 447,000 195,377 # Shih Her Technologies, Inc. 323,000 327,814 * Shih Wei Navigation Co., Ltd. 1,887,723 553,132 Shihlin Electric & Engineering Corp. 1,571,787 2,072,738 * Shihlin Paper Corp. 105,000 109,179 Shin Hai Gas Corp. 8,242 10,850 # Shin Kong Financial Holding Co., Ltd. 48,610,396 12,994,677 Shin Shin Natural Gas Co. 9,480 9,887 # Shin Zu Shing Co., Ltd. 1,238,245 3,779,347 Shinih Enterprise Co., Ltd. 119,000 78,270 #* Shining Building Business Co., Ltd. 3,069,628 1,041,821 Shinkong Insurance Co., Ltd. 1,760,784 1,487,195 Shinkong Synthetic Fibers Corp. 11,831,844 3,593,659 Shinkong Textile Co., Ltd. 867,169 1,177,675 # Shiny Chemical Industrial Co., Ltd. 519,717 1,117,056 # ShunSin Technology Holding, Ltd. 338,000 1,105,471 #* Shuttle, Inc. 2,782,000 976,651 Sigurd Microelectronics Corp. 3,600,877 3,349,503 # Silergy Corp. 149,000 2,913,338 * Silicon Integrated Systems Corp. 3,975,817 949,450 # Siliconware Precision Industries Co., Ltd. 3,412,101 5,618,960 * Siliconware Precision Industries Co., Ltd. Sponsored ADR 147,242 1,201,495 # Silitech Technology Corp. 1,164,117 744,448 Simplo Technology Co., Ltd. 1,904,800 6,051,257 Sinbon Electronics Co., Ltd. 2,033,849 4,982,851 Sincere Navigation Corp. 3,220,370 2,137,443 # Single Well Industrial Corp. 185,639 188,285 # Sinher Technology, Inc. 402,000 707,233 Sinmag Equipment Corp. 387,130 2,294,117 # Sino-American Electronic Co., Ltd. 226,100 368,475 # Sino-American Silicon Products, Inc. 5,383,000 10,796,966 Sinon Corp. 3,051,740 1,505,481 SinoPac Financial Holdings Co., Ltd. 39,063,974 12,248,562 # Sinphar Pharmaceutical Co., Ltd. 935,507 682,945 Sinyi Realty, Inc. 1,181,589 1,272,066 # Sirtec International Co., Ltd. 1,156,000 1,710,734 # Sitronix Technology Corp. 1,239,774 3,964,461 # Siward Crystal Technology Co., Ltd. 1,417,705 969,543 # Soft-World International Corp. 709,000 1,882,240 * Solar Applied Materials Technology Co. 3,014,084 1,311,316 #* Solartech Energy Corp. 3,050,062 1,413,933 # Solomon Technology Corp. 506,000 311,088 # Solteam Electronics Co., Ltd. 576,169 770,159 Song Shang Electronics Co., Ltd. 296,000 281,106 # Sonix Technology Co., Ltd. 932,000 1,014,545 # Southeast Cement Co., Ltd. 1,181,000 596,653 # Speed Tech Corp. 334,000 464,347 # Spirox Corp. 483,540 292,341 # Sporton International, Inc. 476,297 2,374,297 St Shine Optical Co., Ltd. 413,000 8,508,694 # Standard Chemical & Pharmaceutical Co., Ltd. 723,040 804,523 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Standard Foods Corp. 1,974,745 $ 5,257,911 Stark Technology, Inc. 914,400 888,937 # Sunko INK Co., Ltd. 401,000 177,112 Sunny Friend Environmental Technology Co., Ltd. 467,000 2,373,393 # Sunonwealth Electric Machine Industry Co., Ltd. 2,040,001 2,881,081 Sunplus Technology Co., Ltd. 4,713,153 2,174,485 Sunrex Technology Corp. 1,614,894 1,087,896 # Sunspring Metal Corp. 926,000 1,262,345 # Supreme Electronics Co., Ltd. 3,728,857 3,666,259 # Swancor Holding Co., Ltd. 775,061 2,201,547 # Sweeten Real Estate Development Co., Ltd. 885,827 403,250 Syncmold Enterprise Corp. 1,448,000 3,132,093 Synmosa Biopharma Corp. 94,417 95,651 Synnex Technology International Corp. 7,174,732 7,977,909 # Sysage Technology Co., Ltd. 562,234 581,903 #* Sysgration 1,080,000 329,425 Systex Corp. 1,090,293 2,074,685 T-Mac Techvest PCB Co., Ltd. 568,000 219,039 # T3EX Global Holdings Corp. 567,000 401,966 TA Chen Stainless Pipe 5,480,190 3,148,645 * Ta Chong Securities Co., Ltd. 1,713,000 629,448 #* Ta Ya Electric Wire & Cable 4,827,520 1,068,047 # Ta Yih Industrial Co., Ltd. 273,000 748,860 TA-I Technology Co., Ltd. 967,446 791,678 Tah Hsin Industrial Corp. 456,300 383,194 TAI Roun Products Co., Ltd. 263,000 88,835 #* Tai Tung Communication Co., Ltd. 729,353 593,510 # Tai-Saw Technology Co., Ltd. 175,960 116,867 Taichung Commercial Bank Co., Ltd. 21,307,219 7,339,332 # TaiDoc Technology Corp. 456,698 1,572,460 # Taiflex Scientific Co., Ltd. 1,744,460 2,562,812 #* TaiMed Biologics, Inc. 326,000 2,383,551 # Taimide Tech, Inc. 923,800 1,299,857 # Tainan Enterprises Co., Ltd. 979,289 802,663 # Tainan Spinning Co., Ltd. 10,147,791 4,433,799 #* Tainergy Tech Co., Ltd. 2,201,000 896,562 Taishin Financial Holding Co., Ltd. 40,733,954 19,155,560 #* Taisun Enterprise Co., Ltd. 2,194,578 1,522,705 * Taita Chemical Co., Ltd. 1,823,609 634,694 # Taiwan Acceptance Corp. 1,230,000 4,542,252 Taiwan Business Bank 20,859,312 5,919,987 Taiwan Cement Corp. 16,977,350 19,676,268 # Taiwan Chinsan Electronic Industrial Co., Ltd. 656,000 1,131,401 # Taiwan Cogeneration Corp. 3,546,657 2,783,604 Taiwan Cooperative Financial Holding Co., Ltd. 30,899,486 16,885,124 # Taiwan FamilyMart Co., Ltd. 185,000 1,258,647 Taiwan Fertilizer Co., Ltd. 4,583,000 6,223,279 Taiwan Fire & Marine Insurance Co., Ltd. 1,196,880 755,157 # Taiwan FU Hsing Industrial Co., Ltd. 1,608,000 1,964,166 #* Taiwan Glass Industry Corp. 6,964,904 3,564,087 Taiwan High Speed Rail Corp. 6,192,000 5,343,009 # Taiwan Hon Chuan Enterprise Co., Ltd. 2,751,545 4,975,279 # Taiwan Hopax Chemicals Manufacturing Co., Ltd. 1,487,000 839,524 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ TAIWAN -- (Continued) * Taiwan IC Packaging Corp. 81,000 $ 16,163 # Taiwan Land Development Corp. 9,430,009 3,279,026 # Taiwan Line Tek Electronic 672,071 565,217 #* Taiwan Mask Corp. 1,760,050 1,027,886 Taiwan Mobile Co., Ltd. 4,184,900 14,977,243 Taiwan Navigation Co., Ltd. 1,597,720 730,191 Taiwan Paiho, Ltd. 2,126,152 8,870,346 Taiwan PCB Techvest Co., Ltd. 2,586,816 2,529,400 #* Taiwan Prosperity Chemical Corp. 1,189,000 782,037 #* Taiwan Pulp & Paper Corp. 2,847,260 1,749,650 # Taiwan Sakura Corp. 1,292,243 1,556,576 # Taiwan Sanyo Electric Co., Ltd. 441,650 351,767 Taiwan Secom Co., Ltd. 1,345,405 3,983,424 Taiwan Semiconductor Co., Ltd. 2,444,000 3,309,648 Taiwan Semiconductor Manufacturing Co., Ltd. 41,147,652 290,868,610 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR 7,660,550 275,473,378 # Taiwan Shin Kong Security Co., Ltd. 1,393,561 1,751,389 Taiwan Styrene Monomer 5,463,404 3,771,218 Taiwan Surface Mounting Technology Corp. 2,679,674 2,195,873 # Taiwan TEA Corp. 7,584,896 4,068,727 # Taiwan Union Technology Corp. 2,259,000 4,860,885 Taiyen Biotech Co., Ltd. 1,226,910 1,218,915 #* Tatung Co., Ltd. 21,110,588 8,876,592 # TCI Co., Ltd. 545,432 3,339,344 Te Chang Construction Co., Ltd. 444,682 290,288 * Teapo Electronic Corp. 197,000 179,447 Teco Electric and Machinery Co., Ltd. 12,164,000 11,455,625 Tehmag Foods Corp. 59,600 445,063 Ten Ren Tea Co., Ltd. 180,170 208,204 # Test Research, Inc. 1,217,370 1,450,922 Test Rite International Co., Ltd. 2,298,166 1,697,177 #* Tex-Ray Industrial Co., Ltd. 841,000 265,068 # Thinking Electronic Industrial Co., Ltd. 837,058 2,609,940 # Thye Ming Industrial Co., Ltd. 1,143,992 1,490,815 Ton Yi Industrial Corp. 5,471,300 2,626,946 # Tong Hsing Electronic Industries, Ltd. 1,197,534 4,955,233 # Tong Yang Industry Co., Ltd. 3,647,341 6,770,825 Tong-Tai Machine & Tool Co., Ltd. 1,787,804 1,243,218 # TOPBI International Holdings, Ltd. 507,336 1,619,852 # Topco Scientific Co., Ltd. 1,219,166 3,734,092 # Topco Technologies Corp. 212,000 452,094 Topkey Corp. 12,000 39,929 # Topoint Technology Co., Ltd. 1,372,771 1,063,748 # Toung Loong Textile Manufacturing 757,000 2,206,947 #* TPK Holding Co., Ltd. 2,896,000 9,723,997 # Trade-Van Information Services Co. 334,000 312,582 Transcend Information, Inc. 842,870 2,496,031 Tripod Technology Corp. 3,701,660 12,084,561 # TrueLight Corp. 811,600 987,898 # Tsang Yow Industrial Co., Ltd. 635,000 899,321 Tsann Kuen Enterprise Co., Ltd. 712,441 597,980 # TSC Auto ID Technology Co., Ltd. 227,700 1,582,494 #* TSEC Corp. 1,815,000 618,955 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ----------- ----------- TAIWAN -- (Continued) # TSRC Corp. 4,624,154 $ 5,192,335 # Ttet Union Corp. 295,000 898,811 TTFB Co., Ltd. 90,000 750,136 # TTY Biopharm Co., Ltd. 1,348,991 4,397,650 Tung Ho Steel Enterprise Corp. 7,414,645 6,126,147 # Tung Thih Electronic Co., Ltd. 585,848 4,160,436 # TURVO International Co., Ltd. 516,464 1,735,228 # TXC Corp. 2,255,762 3,261,066 # TYC Brother Industrial Co., Ltd. 1,905,333 1,946,457 * Tycoons Group Enterprise 3,811,121 722,717 # Tyntek Corp. 2,559,413 1,105,474 U-Ming Marine Transport Corp. 3,581,200 3,722,911 UDE Corp. 622,000 768,500 # Ultra Chip, Inc. 524,000 572,594 Uni-President Enterprises Corp. 25,475,734 48,756,535 Unimicron Technology Corp. 13,563,563 8,819,843 # Union Bank Of Taiwan 5,941,621 1,761,114 #* Union Insurance Co., Ltd. 589,895 280,250 Unitech Computer Co., Ltd. 778,365 457,248 * Unitech Printed Circuit Board Corp. 4,366,921 1,554,584 # United Integrated Services Co., Ltd. 2,055,800 3,867,624 # United Microelectronics Corp. 114,122,441 52,381,031 # United Orthopedic Corp. 410,159 946,202 # United Radiant Technology 1,027,000 713,645 # Unity Opto Technology Co., Ltd. 3,431,276 1,289,145 Univacco Technology, Inc. 52,000 30,777 # Universal Cement Corp. 3,178,790 2,379,610 # Universal Microwave Technology, Inc. 250,000 722,986 * Unizyx Holding Corp. 2,989,496 1,420,667 UPC Technology Corp. 7,126,471 3,352,794 # Userjoy Technology Co., Ltd. 154,000 397,769 USI Corp. 8,025,928 3,975,290 # Usun Technology Co., Ltd. 496,000 1,007,590 # Utechzone Co., Ltd. 401,000 719,362 # Vanguard International Semiconductor Corp. 5,755,000 10,773,682 # Ve Wong Corp. 692,524 563,036 * Via Technologies, Inc. 347,000 126,896 # Victory New Materials, Ltd. Co. 640,000 1,100,404 Viking Tech Corp. 60,114 36,228 # Visual Photonics Epitaxy Co., Ltd. 1,492,224 3,414,071 # Vivotek, Inc. 616,774 1,804,745 # Voltronic Power Technology Corp. 236,350 4,052,839 #* Wafer Works Corp. 3,686,889 2,505,045 # Waffer Technology Co., Ltd. 598,000 367,446 #* Wah Hong Industrial Corp. 364,280 241,299 Wah Lee Industrial Corp. 1,266,000 2,117,465 Walsin Lihwa Corp. 26,265,307 11,565,320 Walsin Technology Corp. 3,167,388 5,670,653 # Walton Advanced Engineering, Inc. 2,198,662 956,428 Wan Hai Lines, Ltd. 5,701,026 3,265,408 # WAN HWA Enterprise Co. 516,778 240,496 Waterland Financial Holdings Co., Ltd. 11,961,266 3,790,776 #* Wei Chuan Foods Corp. 1,978,000 1,218,537 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Wei Mon Industry Co., Ltd. 2,514,674 $ 14,058 # Weikeng Industrial Co., Ltd. 1,573,085 859,731 # Well Shin Technology Co., Ltd. 729,443 1,201,863 # Wha Yu Industrial Co., Ltd. 533,000 347,382 Win Semiconductors Corp. 2,727,248 15,958,943 # Winbond Electronics Corp. 24,189,000 14,598,446 WinMate Communication, Inc. 119,000 222,302 Winstek Semiconductor Co., Ltd. 253,000 197,913 Wintek Corp. 6,349,135 72,143 # Wisdom Marine Lines Co., Ltd. 2,965,749 2,819,574 # Wisechip Semiconductor, Inc. 157,846 708,318 Wistron Corp. 17,810,051 17,972,886 # Wistron NeWeb Corp. 2,516,575 8,049,900 # Wowprime Corp. 720,000 4,027,007 # WPG Holdings, Ltd. 9,115,041 12,765,114 WT Microelectronics Co., Ltd. 3,689,868 5,465,743 * WUS Printed Circuit Co., Ltd. 2,962,000 1,736,392 X-Legend Entertainment Co., Ltd. 17,011 34,364 # XAC Automation Corp. 881,000 1,706,016 #* XinTec, Inc. 832,000 1,513,956 XPEC Entertainment, Inc. 63,985 10,489 # Xxentria Technology Materials Corp. 1,133,736 2,361,919 Yageo Corp. 3,068,030 11,684,018 * Yang Ming Marine Transport Corp. 7,563,630 3,367,418 # YC Co., Ltd. 2,760,703 1,147,663 # YC INOX Co., Ltd. 2,932,560 2,418,142 # YCC Parts Manufacturing Co., Ltd. 51,000 77,736 # Yea Shin International Development Co., Ltd. 1,212,704 562,239 Yeong Guan Energy Technology Group Co., Ltd. 817,774 2,215,633 # YFC-Boneagle Electric Co., Ltd. 933,000 1,979,773 #* YFY, Inc. 12,740,997 4,324,808 Yi Jinn Industrial Co., Ltd. 2,152,096 784,129 #* Yieh Phui Enterprise Co., Ltd. 10,077,373 4,370,812 # Yonyu Plastics Co., Ltd. 718,050 746,644 * Young Fast Optoelectronics Co., Ltd. 880,137 388,983 #* Young Optics, Inc. 547,214 745,589 # Youngtek Electronics Corp. 969,569 1,483,540 Yuanta Financial Holding Co., Ltd. 41,441,301 17,764,564 # Yulon Motor Co., Ltd. 5,675,715 4,958,863 # Yung Chi Paint & Varnish Manufacturing Co., Ltd. 385,350 1,051,423 # Yungshin Construction & Development Co., Ltd. 427,200 397,535 YungShin Global Holding Corp. 976,400 1,325,520 Yungtay Engineering Co., Ltd. 2,754,000 4,558,946 # Zeng Hsing Industrial Co., Ltd. 582,974 2,471,328 Zenitron Corp. 1,504,000 899,162 Zero One Technology Co., Ltd. 395,000 258,369 Zhen Ding Technology Holding, Ltd. 3,790,150 8,816,754 # Zig Sheng Industrial Co., Ltd. 4,603,638 1,386,610 # Zinwell Corp. 2,431,979 2,519,046 # Zippy Technology Corp. 1,011,028 1,206,251 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- TAIWAN -- (Continued) # ZongTai Real Estate Development Co., Ltd. 1,920,250 $ 1,128,801 -------------- TOTAL TAIWAN 3,852,100,427 -------------- THAILAND -- (2.9%) AAPICO Hitech PCL(B013L48) 751,080 525,902 AAPICO Hitech PCL(B013KZ2) 125,100 87,594 Advanced Info Service PCL 3,094,009 17,247,567 Advanced Information Technology PCL Class F 349,700 294,250 AEON Thana Sinsap Thailand PCL 11,200 33,657 Airports of Thailand PCL 15,631,000 24,191,141 * AJ Advance Technology PCL Class F 20,931,500 742,241 AJ Plast PCL 1,496,200 602,500 Amata Corp. PCL 4,743,300 2,237,910 Ananda Development PCL 17,561,400 2,628,154 AP Thailand PCL 14,726,236 3,407,570 Asia Aviation PCL 18,198,700 3,472,773 Asia Plus Group Holdings PCL(BZ22310) 9,080,700 998,764 Asia Plus Group Holdings PCL(B081Z10) 799,600 87,946 Asia Sermkij Leasing PCL 933,500 597,525 Asian Insulators PCL 9,576,560 72,321 Asian Phytoceuticals PCL 172,615 7,158 Bangchak Corp. PCL 6,328,100 6,608,311 Bangkok Airways PCL 5,322,700 2,927,153 Bangkok Aviation Fuel Services PCL 1,921,342 2,728,154 Bangkok Bank PCL 819,900 4,545,897 Bangkok Chain Hospital PCL 11,197,750 4,711,087 Bangkok Dusit Medical Services PCL Class F 11,622,200 6,670,894 Bangkok Expressway & Metro PCL 25,165,955 5,672,011 Bangkok Insurance PCL 20,640 215,229 Bangkok Land PCL 93,610,804 5,091,748 Bangkok Life Assurance PCL 2,598,240 3,259,854 Bangkok Ranch PCL 4,335,900 944,669 Banpu PCL 12,812,110 6,275,822 Beauty Community PCL 17,239,800 6,165,120 BEC World PCL 6,382,600 3,548,393 Berli Jucker PCL 5,585,550 7,763,187 Better World Green PCL 8,838,100 488,696 Big Camera Corp. PCL 17,702,000 2,000,196 BJC Heavy Industries PCL Class F 2,317,200 257,648 BTS Group Holdings PCL 9,577,800 2,475,293 Bumrungrad Hospital PCL 1,303,600 6,855,589 Buriram Sugar PCL Class F 1,527,360 523,249 Cal-Comp Electronics Thailand PCL Class F 17,806,628 1,669,547 Carabao Group PCL Class F 1,129,800 2,359,656 Central Pattana PCL 5,485,900 11,457,637 Central Plaza Hotel PCL 5,119,200 6,268,910 CH Karnchang PCL 2,872,467 2,460,154 Charoen Pokphand Foods PCL 20,345,600 15,040,697 Charoong Thai Wire & Cable PCL Class F 1,034,400 323,284 Christiani & Nielsen Thai Class F 2,094,400 232,875 Chularat Hospital PCL Class F 49,296,400 3,822,058 * CIMB Thai Bank PCL 1,623,900 52,216 CK Power PCL 27,768,010 2,770,417 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- THAILAND -- (Continued) COL PCL 80,400 $ 122,618 Com7 PCL Class F 4,402,800 1,521,560 * Country Group Development PCL 10,289,700 330,863 Country Group Holdings PCL Class F 6,787,311 291,673 CP ALL PCL 9,883,800 18,043,991 CS Loxinfo PCL 1,599,300 293,172 Delta Electronics Thailand PCL 1,870,500 4,988,712 * Demco PCL 1,370,900 238,944 Dhipaya Insurance PCL 981,000 1,238,171 Diamond Building Products PCL 1,041,800 183,148 Dynasty Ceramic PCL 19,838,560 2,408,540 * E for L Aim PCL 1,670,200 5,019 Eastern Polymer Group PCL Class F 5,592,500 1,815,065 Eastern Printing PCL 697,528 147,779 Eastern Water Resources Development and Management PCL Class F 3,977,200 1,529,853 Electricity Generating PCL(6304643) 836,000 5,476,778 Electricity Generating PCL(6368553) 161,000 1,054,738 Energy Absolute PCL 5,448,000 6,057,608 Energy Earth PCL 3,836,900 168,343 Erawan Group PCL (The) 12,663,600 2,035,979 * Esso Thailand PCL 12,146,800 3,595,510 Forth Corp. PCL 777,400 171,709 Forth Smart Service PCL 2,029,000 1,201,187 Fortune Parts Industry PCL 3,405,100 497,312 * G J Steel PCL 6,467,310 81,627 GFPT PCL 5,645,522 3,274,340 Global Power Synergy PCL Class F 1,362,700 1,576,607 Glow Energy PCL 2,757,800 6,712,899 * GMM Grammy PCL 258,000 82,959 Golden Land Property Development PCL(BYNQKS0) 5,472,900 1,217,059 Golden Land Property Development PCL(6368586) 816,400 181,550 Grand Canal Land PCL 5,777,700 385,452 * Grande Asset Hotels & Property PCL 2,075,415 56,132 Group Lease PCL 1,754,000 1,070,010 Hana Microelectronics PCL 2,312,957 2,797,666 Home Product Center PCL 32,325,715 9,617,135 ICC International PCL 51,000 55,940 Ichitan Group PCL 2,744,700 635,109 Indorama Ventures PCL 9,795,500 10,965,167 * Inter Far East Energy Corp. Class F 4,117,300 287,672 Interlink Communication PCL 484,400 200,884 Intouch Holdings PCL(6397557) 3,276,900 5,883,875 Intouch Holdings PCL(BKXLD88) 180,100 323,381 IRPC PCL 50,588,090 8,361,291 Italian-Thai Development PCL 16,967,119 2,008,939 Jasmine International PCL 19,592,500 4,415,842 Jaymart PCL 3,023,545 1,344,747 JSP Property PCL 1,090,100 32,431 Jubilee Enterprise PCL 102,600 56,115 Kang Yong Electric PCL 10,600 168,828 Karmarts PCL 3,387,566 875,485 Kasikornbank PCL(6888794) 1,466,600 8,726,483 Kasikornbank PCL(6364766) 3,095,500 17,907,044 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- THAILAND -- (Continued) KCE Electronics PCL 1,869,482 $ 4,859,591 KGI Securities Thailand PCL 9,893,000 1,183,242 Khon Kaen Sugar Industry PCL 16,814,948 2,233,470 Khonburi Sugar PCL 284,500 58,992 Kiatnakin Bank PCL 3,602,107 7,225,539 Krung Thai Bank PCL 14,905,675 8,107,605 Krungthai Card PCL 1,173,000 3,516,198 L.P.N Development PCL 301,300 105,031 Laguna Resorts & Hotels PCL 10,800 8,682 Lam Soon Thailand PCL 2,212,200 375,608 Land & Houses PCL(6581930) 3,326,700 999,715 Land & Houses PCL(6581941) 8,977,380 2,697,814 Lanna Resources PCL 1,517,050 542,512 LH Financial Group PCL 49,646,427 2,640,728 Loxley PCL 11,823,135 1,172,489 LPN Development PCL 9,076,700 3,164,086 Major Cineplex Group PCL 5,048,100 4,664,826 Malee Group PCL 1,459,200 1,458,038 Maybank Kim Eng Securities Thailand PCL 272,400 180,910 MBK PCL 4,089,900 1,843,598 MC Group PCL 3,110,100 1,616,899 * MCOT PCL 1,938,900 833,209 MCS Steel PCL 2,596,700 1,147,101 Mega Lifesciences PCL 2,348,200 1,975,857 * Millcon Steel PCL 5,222,800 274,665 Minor International PCL 6,375,357 8,094,566 MK Real Estate Development PCL 2,044,900 228,601 MK Restaurants Group PCL 836,200 1,532,860 Modernform Group PCL 724,300 104,477 Mono Technology PCL Class F 7,939,500 835,071 Muang Thai Insurance PCL 19,800 80,327 Muangthai Leasing PCL Class F 4,102,600 4,407,553 Muramoto Electron Thailand PCL 7,400 50,480 Namyong Terminal PCL 2,142,000 350,815 * Nation Multimedia Group PCL 11,246,400 209,540 * Noble Development PCL 138,600 55,812 Padaeng Industry PCL 192,800 119,933 PCS Machine Group Holding PCL 255,100 55,579 Plan B Media Pcl 756,600 127,326 Platinum Group PCL (The) Class F 1,054,100 220,155 * Polyplex Thailand PCL 4,808,487 1,820,712 * Precious Shipping PCL 7,924,100 2,214,600 Premier Marketing PCL 2,303,000 788,971 * Principal Capital PCL 106,200 11,298 Property Perfect PCL 35,870,900 927,050 Pruksa Holding PCL 7,775,400 5,350,823 PTG Energy PCL 7,386,200 4,084,146 PTT Exploration & Production PCL 9,182,869 24,284,179 PTT Global Chemical PCL 7,073,511 15,358,021 PTT PCL 5,997,680 69,932,230 Quality Houses PCL 55,039,604 4,035,780 Raimon Land PCL 20,329,300 714,777 Ratchaburi Electricity Generating Holding PCL(6294249) 1,991,401 3,231,579 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- THAILAND -- (Continued) Ratchaburi Electricity Generating Holding PCL(6362771) 731,100 $ 1,186,405 Ratchthani Leasing PCL 9,796,900 1,648,690 * Regional Container Lines PCL 4,191,400 1,051,739 Robinson PCL 1,562,100 2,734,432 * Rojana Industrial Park PCL 7,164,512 1,173,398 * RS PCL 5,916,000 2,453,407 S 11 Group PCL 600,800 156,174 Saha-Union PCL 723,700 897,108 Sahaviriya Steel Industries PCL 72,645,680 20,521 Samart Corp. PCL 5,856,200 2,516,601 * Samart I-Mobile PCL 14,498,900 431,353 Samart Telcoms PCL 2,859,600 1,134,336 Sansiri PCL 71,609,485 4,476,064 Sappe PCL 467,500 342,794 SC Asset Corp PCL 23,816,316 2,318,900 Scan Inter PCL Class F 2,308,700 345,509 Siam Cement PCL (The)(6609906) 193,700 2,945,388 Siam Cement PCL (The)(6609928) 772,300 11,743,537 Siam City Cement PCL(6363194) 25,524 238,546 Siam City Cement PCL(6806387) 599,977 5,607,346 Siam Commercial Bank PCL (The) 3,194,869 14,113,436 Siam Future Development PCL 8,754,325 1,552,162 Siam Global House PCL 6,346,772 2,612,978 Siam Wellness Group PCL 676,800 274,572 Siamgas & Petrochemicals PCL 5,038,600 2,301,526 * Singha Estate PCL 13,902,271 1,679,477 Sino-Thai Engineering & Construction PCL 4,258,671 3,295,442 SNC Former PCL 954,900 410,352 Somboon Advance Technology PCL 2,607,925 1,269,616 SPCG PCL 4,018,600 2,439,431 Sri Ayudhya Capital PCL 230,700 207,985 Sri Trang Agro-Industry PCL 6,545,700 2,419,489 Sriracha Construction PCL 829,700 541,057 Srisawad Corp. PCL 1,604,800 2,543,933 Srithai Superware PCL 13,370,500 771,456 Star Petroleum Refining PCL 7,131,200 3,300,241 * Stars Microelectronics Thailand PCL 2,240,900 321,894 STP & I PCL 8,111,433 1,608,807 Sub Sri Thai PCL 316,910 89,045 Supalai PCL 9,176,500 6,563,211 * Superblock PCL 52,991,800 2,054,285 Susco PCL 2,397,300 252,146 SVI PCL 9,484,228 1,581,821 * Symphony Communication PCL 262,058 93,714 Synnex Thailand PCL 1,912,800 741,518 Syntec Construction PCL 9,325,400 1,395,594 Taokaenoi Food & Marketing PCL 3,587,700 2,167,078 Tapaco PCL 684,500 450,485 * Tata Steel Thailand PCL 29,362,300 767,665 Thai Agro Energy PCL Class F 279,230 24,335 * Thai Airways International PCL 9,318,137 5,208,401 Thai Central Chemical PCL 233,100 513,112 Thai Metal Trade PCL 1,596,900 671,843 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ THAILAND -- (Continued) Thai Nakarin Hospital PCL 126,800 $ 135,273 Thai Oil PCL 5,525,500 14,238,626 Thai Rayon PCL 20,400 25,748 Thai Reinsurance PCL 3,887,700 202,116 Thai Solar Energy PCL Class F 1,319,200 196,632 Thai Stanley Electric PCL 5,600 35,004 Thai Stanley Electric PCL Class F 150,500 940,724 Thai Union Group PCL Class F 9,923,360 6,053,648 Thai Vegetable Oil PCL 5,129,725 4,663,176 Thai Wah PCL Class F 3,774,600 1,094,613 Thai-German Ceramic Industry PCL 4,086,200 284,885 Thaicom PCL 3,789,000 1,776,281 * Thaifoods Group PCL Class F 2,148,000 329,205 Thaire Life Assurance PCL Class F 1,495,400 361,756 Thanachart Capital PCL 6,230,600 8,940,578 Thitikorn PCL 1,156,200 403,045 Thoresen Thai Agencies PCL 8,992,200 2,296,927 TICON Industrial Connection PCL Class F 3,639,124 1,531,043 Tipco Asphalt PCL(BWZ1HK0) 4,026,400 2,734,562 Tipco Asphalt PCL(6363967) 3,055,100 2,074,896 TIPCO Foods PCL 1,821,700 875,909 Tisco Financial Group PCL(B3KFW10) 132,090 292,748 Tisco Financial Group PCL(B3KFW76) 2,824,600 6,260,101 TMB Bank PCL 74,132,413 5,257,539 Total Access Communication PCL(B1YWK08) 6,418,200 10,463,461 Total Access Communication PCL(B231MK7) 1,794,900 2,926,189 TPI Polene PCL 93,656,510 6,360,756 TRC Construction PCL 16,401,885 581,618 * True Corp. PCL 58,122,748 9,868,632 TTCL PCL(B5ML0D8) 22,904 12,320 TTCL PCL(BWY4Y10) 1,834,568 986,846 TTW PCL 11,867,300 3,887,235 * U City PCL 67,261,500 60,639 Union Mosaic Industry PCL (The) Class F 1,020,550 89,553 Unique Engineering & Construction PCL 5,956,405 3,221,952 Univanich Palm Oil PCL 931,300 195,907 Univentures PCL 11,167,400 2,617,635 Vanachai Group PCL 7,584,740 2,712,377 VGI Global Media PCL 21,047,500 3,289,018 Vibhavadi Medical Center PCL 39,125,400 3,151,055 Vinythai PCL 3,270,300 2,053,980 WHA Corp. PCL 25,354,300 2,316,261 Workpoint Entertainment PCL 1,848,980 3,486,650 ------------ TOTAL THAILAND 755,202,705 ------------ TURKEY -- (1.6%) Adana Cimento Sanayii TAS Class A 461,789 885,718 #* Afyon Cimento Sanayi TAS 902,611 2,340,057 Akbank TAS 7,772,101 23,121,136 Akcansa Cimento A.S. 460,217 1,606,187 #* Akenerji Elektrik Uretim A.S. 3,770,374 1,254,228 Aksa Akrilik Kimya Sanayii A.S. 1,178,929 4,668,765 #* Aksa Enerji Uretim A.S. 1,184,828 1,394,691 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- TURKEY -- (Continued) #* Aksigorta A.S. 674,741 $ 610,030 # Alarko Holding A.S. 969,013 1,578,045 # Albaraka Turk Katilim Bankasi A.S. 4,091,520 1,675,291 Alkim Alkali Kimya A.S. 136,614 1,019,052 Anadolu Anonim Turk Sigorta Sirketi 1,724,700 1,396,610 Anadolu Cam Sanayii A.S. 2,938,413 2,005,364 Anadolu Efes Biracilik Ve Malt Sanayii A.S. 958,506 5,623,077 # Anadolu Hayat Emeklilik A.S. 722,289 1,364,930 Arcelik A.S. 1,686,939 12,470,120 Aselsan Elektronik Sanayi Ve Ticaret A.S. 793,696 5,427,307 # AvivaSA Emeklilik ve Hayat A.S. Class A 21,378 121,184 Aygaz A.S. 464,424 2,128,145 #* Bagfas Bandirma Gubre Fabrikalari A.S. 317,741 1,155,864 #* Baticim Bati Anadolu Cimento Sanayii A.S. 211,763 495,353 #* Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. 1,083,806 1,417,399 BIM Birlesik Magazalar A.S. 807,765 15,753,995 #* Bizim Toptan Satis Magazalari A.S. 193,845 752,239 # Bolu Cimento Sanayii A.S. 804,368 1,323,508 # Borusan Mannesmann Boru Sanayi ve Ticaret A.S. 592,290 1,506,731 * Boyner Perakende Ve Tekstil Yatirimlari A.S. 50,100 135,545 #* Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S. 573,423 1,189,982 # Bursa Cimento Fabrikasi A.S. 257,007 429,532 # Celebi Hava Servisi A.S. 102,022 811,959 # Cimsa Cimento Sanayi VE Ticaret A.S. 634,294 2,714,642 Coca-Cola Icecek A.S. 483,051 5,837,394 #* Deva Holding A.S. 216,864 292,831 #* Dogan Sirketler Grubu Holding A.S. 8,159,506 1,926,727 #* Dogus Otomotiv Servis ve Ticaret A.S. 434,834 1,186,667 # Eczacibasi Yatirim Holding Ortakligi A.S. 403,209 1,182,791 # EGE Endustri VE Ticaret A.S. 24,008 1,819,071 EGE Seramik Sanayi ve Ticaret A.S. 694,943 953,813 # EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. 2,592,458 3,538,545 # Enka Insaat ve Sanayi A.S. 1,677,317 2,631,994 Erbosan Erciyas Boru Sanayii ve Ticaret A.S. 24,031 495,863 Eregli Demir ve Celik Fabrikalari TAS 6,934,862 15,461,504 #* Fenerbahce Futbol A.S. 102,382 1,101,958 # Ford Otomotiv Sanayi A.S. 471,080 6,027,200 #* Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. 191,550 383,898 # Global Yatirim Holding A.S. 2,074,448 1,787,043 #* Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S. 71,836 1,638,230 # Goodyear Lastikleri TAS 1,615,960 2,127,172 #* Gozde Girisim Sermayesi Yatirim Ortakligi A.S. 1,117,444 1,067,472 #* GSD Holding AS 4,407,386 927,972 * Gubre Fabrikalari TAS 1,087,152 1,659,217 Hektas Ticaret TAS 18,886 29,994 #* Ihlas Holding A.S. 9,899,816 1,719,218 Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S. 180,631 568,845 #* Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim A.S. 753,290 907,641 * Is Finansal Kiralama A.S. 1,358,802 482,946 Is Yatirim Menkul Degerler A.S. Class A 201,635 99,787 #* Izmir Demir Celik Sanayi A.S. 1,456,183 1,606,701 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A 1,981,662 1,256,987 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class B 725,472 491,043 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- --------------- TURKEY -- (Continued) * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D 8,001,229 $ 4,596,525 #* Karsan Otomotiv Sanayii Ve Ticaret A.S. 3,809,559 1,408,269 # Kartonsan Karton Sanayi ve Ticaret A.S. 4,815 414,728 KOC Holding A.S. 2,149,812 10,011,856 # Konya Cimento Sanayii A.S. 10,060 805,805 #* Koza Altin Isletmeleri A.S. 425,974 3,911,621 #* Koza Anadolu Metal Madencilik Isletmeleri A.S. 1,501,782 2,091,370 * Logo Yazilim Sanayi Ve Ticaret A.S. 30,565 477,203 # Mardin Cimento Sanayii ve Ticaret A.S. 397,809 540,672 #* Metro Ticari ve Mali Yatirimlar Holding A.S. 2,731,714 1,017,401 #* Migros Ticaret A.S. 393,754 3,331,001 #* NET Holding A.S. 1,443,124 1,267,027 #* Netas Telekomunikasyon A.S. 287,876 1,149,980 Nuh Cimento Sanayi A.S. 234,894 707,710 # Otokar Otomotiv Ve Savunma Sanayi A.S. 142,302 5,128,370 #* Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S. 722,150 778,047 #* Pegasus Hava Tasimaciligi A.S. 170,424 1,167,963 Petkim Petrokimya Holding A.S. 4,253,707 7,776,660 Pinar Entegre Et ve Un Sanayi A.S. 94,529 267,830 Pinar SUT Mamulleri Sanayii A.S. 127,719 544,862 Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. 819,845 689,935 #* Sekerbank TAS 4,054,161 1,601,776 Selcuk Ecza Deposu Ticaret ve Sanayi A.S. 1,167,416 1,290,445 Soda Sanayii A.S. 2,278,196 3,690,326 # Tat Gida Sanayi A.S. 676,010 1,395,188 # TAV Havalimanlari Holding A.S. 1,508,236 9,140,624 Tekfen Holding A.S. 1,707,075 5,307,419 * Teknosa Ic Ve Dis Ticaret A.S. 102,667 180,135 Tofas Turk Otomobil Fabrikasi A.S. 795,604 6,990,746 Trakya Cam Sanayii A.S. 6,235,503 6,595,590 #* Tumosan Motor ve Traktor Sanayi A.S. 374,799 830,850 Tupras Turkiye Petrol Rafinerileri A.S. 699,285 21,550,429 #* Turcas Petrol A.S. 1,682,409 1,052,526 * Turk Hava Yollari AO 7,270,819 18,256,995 #* Turk Telekomunikasyon A.S. 2,359,041 4,863,100 Turk Traktor ve Ziraat Makineleri A.S. 136,383 3,165,058 Turkcell Iletisim Hizmetleri A.S. 3,457,760 12,644,280 # Turkcell Iletisim Hizmetleri A.S. ADR 291,527 2,682,048 Turkiye Garanti Bankasi A.S. 8,155,637 24,423,565 Turkiye Halk Bankasi A.S. 3,489,052 14,969,320 # Turkiye Is Bankasi Class C 8,992,222 19,357,296 Turkiye Sinai Kalkinma Bankasi A.S. 13,241,357 5,761,321 Turkiye Sise ve Cam Fabrikalari A.S. 7,539,135 9,644,680 Turkiye Vakiflar Bankasi TAO Class D 7,129,989 14,271,169 Ulker Biskuvi Sanayi A.S. 926,513 5,594,387 #* Vestel Elektronik Sanayi ve Ticaret A.S. 1,267,281 2,593,629 #* Yapi ve Kredi Bankasi A.S. 4,892,632 6,315,663 * Yatas Yatak ve Yorgan Sanayi ve Ticaret A.S. 302,748 1,111,162 #* Zorlu Enerji Elektrik Uretim A.S. 5,987,155 2,503,047 --------------- TOTAL TURKEY 413,454,819 --------------- TOTAL COMMON STOCKS 24,154,516,602 --------------- EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ PREFERRED STOCKS -- (2.8%) BRAZIL -- (2.7%) AES Tiete Energia SA 6,203 $ 5,550 Alpargatas SA 1,331,965 6,360,081 Banco ABC Brasil SA 931,875 4,891,944 Banco Bradesco SA 5,811,393 56,262,432 Banco Bradesco SA ADR 9,174,829 88,261,855 Banco do Estado do Rio Grande do Sul SA Class B 2,139,633 10,038,267 * Banco Pan SA 1,414,728 852,915 * Banco Pine SA 192,365 189,382 Braskem SA Class A 332,975 3,983,933 Centrais Eletricas Brasileiras SA Class B 1,058,763 5,659,910 * Centrais Eletricas Santa Catarina 64,363 415,278 * Cia Brasileira de Distribuicao 873,400 20,306,091 Cia de Gas de Sao Paulo - COMGAS Class A 193,322 2,926,162 Cia de Saneamento do Parana 858,590 2,918,548 Cia de Transmissao de Energia Eletrica Paulista 419,293 9,412,192 Cia Energetica de Minas Gerais 5,120,389 13,989,999 Cia Energetica de Sao Paulo Class B 1,432,642 7,167,000 Cia Energetica do Ceara Class A 80,030 1,235,732 Cia Ferro Ligas da Bahia - FERBASA 498,782 1,951,398 Cia Paranaense de Energia 572,041 4,753,021 Eletropaulo Metropolitana Eletricidade de Sao Paulo SA 1,233,786 5,653,888 Eucatex SA Industria e Comercio 87,459 78,811 Gerdau SA 2,662,971 9,103,299 * Gol Linhas Aereas Inteligentes SA 130,600 374,836 Itau Unibanco Holding SA 10,663,754 127,622,396 Itau Unibanco Holding SA ADR 6,510,406 77,538,935 Lojas Americanas SA 4,424,629 22,234,174 Marcopolo SA 4,066,165 4,250,869 * Petroleo Brasileiro SA 8,903,162 37,944,112 * Petroleo Brasileiro SA Sponsored ADR 4,065,689 34,558,357 Randon SA Implementos e Participacoes 2,670,695 4,564,851 Suzano Papel e Celulose SA Class A 3,280,839 14,750,545 Telefonica Brasil SA 894,497 13,398,738 Unipar Carbocloro SA Class B 181,100 529,068 * Usinas Siderurgicas de Minas Gerais SA Class A 4,465,498 7,403,475 Vale SA 9,604,653 89,844,863 Vale SA Sponsored ADR 961,488 9,028,372 ------------ TOTAL BRAZIL 700,461,279 ------------ CHILE -- (0.0%) Coca-Cola Embonor SA Class B 214,504 526,530 Embotelladora Andina SA Class B 788,897 3,593,677 Sociedad Quimica y Minera de Chile SA Class B 4,487 183,943 ------------ TOTAL CHILE 4,304,150 ------------ COLOMBIA -- (0.1%) Avianca Holdings SA 1,595,740 1,410,771 Banco Davivienda SA 626,168 7,108,552 Bancolombia SA 299,076 3,275,065 Grupo Argos SA 57,277 374,413 Grupo Aval Acciones y Valores SA 8,079,317 3,571,405 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ -------------- ------------ COLOMBIA -- (Continued) Grupo de Inversiones Suramericana SA 229,382 $ 3,170,951 ------------ TOTAL COLOMBIA 18,911,157 ------------ INDIA -- (0.0%) UPL, Ltd., 5.000% 405,648 83,847 Vedanta, Ltd. 108,127,840 1,361,053 ------------ TOTAL INDIA 1,444,900 ------------ TOTAL PREFERRED STOCKS 725,121,486 ------------ RIGHTS/WARRANTS -- (0.0%) BRAZIL -- (0.0%) * Banco ABC Brasil SA Rights 08/03/17 32,812 31,525 * Brasil Brokers Participacoes SA Rights 07/31/17 462,953 1,485 * Iochpe Maxion SA Warrants 06/03/19 31,129 67,881 ------------ TOTAL BRAZIL 100,891 ------------ CHILE -- (0.0%) * Grupo Security SA Rights 08/24/17 143,247 5,621 ------------ INDIA -- (0.0%) * Intellect Design Arena, Ltd. Rights 08/09/17 93,049 35,029 ------------ INDONESIA -- (0.0%) * Bumi Resources Tbk PT Rights 07/21/17 20,812,955,153 -- ------------ MALAYSIA -- (0.0%) * Borneo Oil Bhd Warrants 05/29/27 648,300 6,814 Daibochi Plastic & Packaging Industry Bhd * Warrants 06/19/22 7,536 915 ------------ TOTAL MALAYSIA 7,729 ------------ POLAND -- (0.0%) * Hawe SA Rights 09/30/15 1,003,528 -- ------------ SOUTH KOREA -- (0.0%) * Iljin Materials Co., Ltd. Rights 08/30/17 7,356 51,930 * Sejong Telecom, Inc. Rights 08/03/17 459,928 47,265 Ssangyong Cement Industrial Co., Ltd. Rights * 08/21/17 14,153 13,280 ------------ TOTAL SOUTH KOREA 112,475 ------------ TAIWAN -- (0.0%) * Airtac International Group Rights 08/09/17 28,587 102,718 * Long Chen Paper Co., Ltd. Rights 08/14/17 90,304 13,458 ------------ TOTAL TAIWAN 116,176 ------------ THAILAND -- (0.0%) * Jay Mart PCL Warrants 06/05/19 225,599 24,948 * MILL W4 Warrants 07/11/22 456,610 -- * RS PCL Warrants 05/23/20 944,440 173,128 EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- --------------- THAILAND -- (Continued) * Vibhavadi Medical Center PCL Warrants 06/14/22 3,105,731 $ -- --------------- TOTAL THAILAND 198,076 --------------- TURKEY -- (0.0%) * Boyner Perakende Ve Tekstil Yatirimlari A.S. Rights 09/11/17 69,664 592,254 --------------- TOTAL RIGHTS/WARRANTS 1,168,251 --------------- TOTAL INVESTMENT SECURITIES 24,880,806,339 --------------- VALUE+ --------------- SECURITIES LENDING COLLATERAL -- (4.4%) (S)@ DFA Short Term Investment Fund 98,065,878 1,134,818,341 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $21,635,892,205)^^ $26,015,624,680 =============== EMERGING MARKETS CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- --------------- ------- --------------- Common Stocks Brazil $1,345,276,266 -- -- $ 1,345,276,266 Chile 330,347,265 -- -- 330,347,265 China 677,655,771 $ 3,666,945,017 -- 4,344,600,788 Colombia 80,219,386 -- -- 80,219,386 Czech Republic -- 35,897,037 -- 35,897,037 Egypt 937,707 14,194,807 -- 15,132,514 Greece 1,268,862 66,652,998 -- 67,921,860 Hong Kong -- 2,725,526 -- 2,725,526 Hungary 319,753 100,534,788 -- 100,854,541 India 117,839,613 3,156,104,293 -- 3,273,943,906 Indonesia 31,302,039 680,356,594 -- 711,658,633 Malaysia 7,497,454 787,925,754 -- 795,423,208 Mexico 965,660,651 -- -- 965,660,651 Peru 31,161,108 -- -- 31,161,108 Philippines 6,577,838 325,026,277 -- 331,604,115 Poland -- 421,851,572 -- 421,851,572 Russia 42,203,463 245,797,312 -- 288,000,775 South Africa 135,676,165 1,614,221,082 -- 1,749,897,247 South Korea 138,166,060 4,103,416,193 -- 4,241,582,253 Taiwan 303,703,405 3,548,397,022 -- 3,852,100,427 Thailand 753,911,607 1,291,098 -- 755,202,705 Turkey 2,682,048 410,772,771 -- 413,454,819 Preferred Stocks Brazil 700,461,279 -- -- 700,461,279 Chile 4,304,150 -- -- 4,304,150 Colombia 18,911,157 -- -- 18,911,157 India 83,847 1,361,053 -- 1,444,900 Rights/Warrants Brazil -- 100,891 -- 100,891 Chile -- 5,621 -- 5,621 India -- 35,029 -- 35,029 Malaysia -- 7,729 -- 7,729 South Korea -- 112,475 -- 112,475 Taiwan -- 116,176 -- 116,176 Thailand -- 198,076 -- 198,076 Turkey -- 592,254 -- 592,254 Securities Lending Collateral -- 1,134,818,341 -- 1,134,818,341 Futures Contracts** 3,122,313 -- -- 3,122,313 -------------- --------------- -- --------------- TOTAL $5,699,289,207 $20,319,457,786 -- $26,018,746,993 ============== =============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. U.S. LARGE CAP EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (95.9%) Consumer Discretionary -- (14.5%) Adient P.L.C. 5,417 $ 354,651 Advance Auto Parts, Inc. 5,368 601,270 * Amazon.com, Inc. 19,921 19,677,565 # AMC Entertainment Holdings, Inc. Class A 7,825 159,630 * AMC Networks, Inc. Class A 3,824 244,545 Aramark 20,420 813,941 # Autoliv, Inc. 8,586 930,637 #* AutoNation, Inc. 13,610 576,792 * AutoZone, Inc. 742 400,546 Bed Bath & Beyond, Inc. 15,701 469,460 Best Buy Co., Inc. 40,856 2,383,539 # BorgWarner, Inc. 22,540 1,053,520 * Bright Horizons Family Solutions, Inc. 6,200 489,862 Brunswick Corp. 10,651 602,953 * Burlington Stores, Inc. 2,500 217,575 * Cabela's, Inc. 2,721 155,043 Cable One, Inc. 261 198,334 # CalAtlantic Group, Inc. 8,450 296,595 #* CarMax, Inc. 14,809 981,096 Carnival Corp. 13,909 928,843 Carter's, Inc. 3,895 337,813 CBS Corp. Class B 18,506 1,218,250 * Charter Communications, Inc. Class A 11,348 4,447,395 #* Chipotle Mexican Grill, Inc. 976 335,520 Cinemark Holdings, Inc. 14,460 562,494 Coach, Inc. 17,664 832,681 Columbia Sportswear Co. 4,865 294,722 Comcast Corp. Class A 304,134 12,302,220 Dana, Inc. 3,382 80,221 Darden Restaurants, Inc. 6,169 517,456 Delphi Automotive P.L.C. 13,815 1,249,152 Dick's Sporting Goods, Inc. 9,962 371,981 #* Discovery Communications, Inc. Class A 18,095 445,137 * Discovery Communications, Inc. Class C 26,007 601,542 * DISH Network Corp. Class A 11,143 713,486 Dollar General Corp. 18,487 1,389,483 * Dollar Tree, Inc. 26,307 1,896,209 Domino's Pizza, Inc. 1,744 325,256 DR Horton, Inc. 29,617 1,057,031 Dunkin' Brands Group, Inc. 5,907 313,248 Expedia, Inc. 5,385 842,591 Foot Locker, Inc. 10,172 480,017 Ford Motor Co. 244,401 2,742,179 # Gap, Inc. (The) 48,603 1,158,209 # Garmin, Ltd. 13,578 681,480 General Motors Co. 79,632 2,865,159 Gentex Corp. 34,961 595,036 Genuine Parts Co. 12,354 1,049,225 Goodyear Tire & Rubber Co. (The) 31,418 989,981 Graham Holdings Co. Class B 261 154,616 H&R Block, Inc. 14,015 427,458 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) # Hanesbrands, Inc. 16,155 $ 370,273 # Harley-Davidson, Inc. 14,511 706,250 Hasbro, Inc. 5,339 565,293 * Hilton Grand Vacations, Inc. 2,117 77,821 Hilton Worldwide Holdings, Inc. 9,911 619,735 Home Depot, Inc. (The) 58,640 8,772,544 * Hyatt Hotels Corp. Class A 2,942 163,487 ILG, Inc. 2,346 62,192 International Game Technology P.L.C. 14,854 282,820 Interpublic Group of Cos., Inc. (The) 30,326 655,345 # Kohl's Corp. 21,040 870,004 L Brands, Inc. 7,064 327,699 Las Vegas Sands Corp. 19,516 1,202,381 Lear Corp. 8,461 1,253,836 # Leggett & Platt, Inc. 7,324 352,870 Lennar Corp. Class A 17,504 917,910 Lennar Corp. Class B 760 33,797 * Liberty Broadband Corp. Class A 1,832 181,221 * Liberty Broadband Corp. Class C 10,520 1,043,374 * Liberty Expedia Holdings, Inc. Class A 3,686 210,286 * Liberty Interactive Corp., QVC Group Class A 39,979 957,097 * Liberty Media Corp.-Liberty Braves Class A 533 13,453 * Liberty Media Corp.-Liberty Braves Class C 1,230 31,033 #* Liberty Media Corp.-Liberty Formula One Class A 1,334 45,023 * Liberty Media Corp.-Liberty Formula One Class C 3,075 108,148 * Liberty Media Corp.-Liberty SiriusXM Class A 5,337 246,196 * Liberty Media Corp.-Liberty SiriusXM Class C 12,301 565,846 * Liberty Ventures Series A 5,529 334,947 # Lions Gate Entertainment Corp. Class A 5,477 161,024 * Lions Gate Entertainment Corp. Class B 10,048 276,420 * Live Nation Entertainment, Inc. 16,033 597,550 * LKQ Corp. 27,029 934,122 Lowe's Cos., Inc. 44,366 3,433,928 * Lululemon Athletica, Inc. 5,969 367,929 Macy's, Inc. 37,200 883,500 * Madison Square Garden Co. (The) Class A 1,475 324,087 Marriott International, Inc. Class A 11,119 1,158,489 # Mattel, Inc. 17,075 341,842 McDonald's Corp. 29,006 4,499,991 MGM Resorts International 52,700 1,735,411 * Michael Kors Holdings, Ltd. 11,676 425,473 * Michaels Cos., Inc. (The) 9,281 186,919 * Mohawk Industries, Inc. 7,676 1,911,247 * Netflix, Inc. 12,035 2,186,278 Newell Brands, Inc. 15,658 825,490 News Corp. Class A 22,956 328,500 News Corp. Class B 11,880 174,636 NIKE, Inc. Class B 59,161 3,493,457 # Nordstrom, Inc. 7,432 360,972 * Norwegian Cruise Line Holdings, Ltd. 22,250 1,225,307 * NVR, Inc. 199 519,478 * O'Reilly Automotive, Inc. 3,928 802,490 # Omnicom Group, Inc. 12,032 947,400 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Consumer Discretionary -- (Continued) Penske Automotive Group, Inc. 10,871 $ 473,323 # Polaris Industries, Inc. 6,362 570,417 Pool Corp. 3,700 400,044 * Priceline Group, Inc. (The) 1,689 3,426,136 PulteGroup, Inc. 25,110 613,186 PVH Corp. 6,819 813,439 Ralph Lauren Corp. 4,255 321,891 Ross Stores, Inc. 20,103 1,112,098 Royal Caribbean Cruises, Ltd. 8,148 921,294 #* Sally Beauty Holdings, Inc. 753 15,233 # Scripps Networks Interactive, Inc. Class A 6,846 598,409 Service Corp. International 18,107 628,856 * ServiceMaster Global Holdings, Inc. 14,031 616,803 # Signet Jewelers, Ltd. 7,419 453,746 Sinclair Broadcast Group, Inc. Class A 1,610 58,041 # Sirius XM Holdings, Inc. 57,918 339,399 # Six Flags Entertainment Corp. 6,231 354,357 * Skechers U.S.A., Inc. Class A 10,419 292,670 Staples, Inc. 52,848 536,407 Starbucks Corp. 66,485 3,588,860 Target Corp. 28,343 1,606,198 TEGNA, Inc. 29,101 431,568 #* Tempur Sealy International, Inc. 4,301 248,039 Tenneco, Inc. 1,040 57,512 * Tesla, Inc. 2,606 842,963 Thor Industries, Inc. 5,968 628,729 Tiffany & Co. 8,388 801,138 Time Warner, Inc. 35,427 3,628,433 TJX Cos., Inc. (The) 29,597 2,080,965 Toll Brothers, Inc. 10,862 419,165 # Tractor Supply Co. 4,360 244,683 #* TripAdvisor, Inc. 2,840 110,817 Twenty-First Century Fox, Inc. Class A 61,882 1,800,766 Twenty-First Century Fox, Inc. Class B 26,234 752,653 * Ulta Salon Cosmetics & Fragrance, Inc. 2,378 597,377 #* Under Armour, Inc. Class A 5,125 102,603 #* Under Armour, Inc. Class C 5,161 93,466 Vail Resorts, Inc. 2,127 448,287 VF Corp. 13,226 822,525 # Viacom, Inc. Class A 1,456 58,968 Viacom, Inc. Class B 42,878 1,497,300 * Visteon Corp. 3,566 397,752 Walt Disney Co. (The) 83,665 9,197,293 * Wayfair, Inc. Class A 171 13,056 Whirlpool Corp. 9,216 1,639,342 # Williams-Sonoma, Inc. 10,728 498,101 Wyndham Worldwide Corp. 4,827 503,794 Wynn Resorts, Ltd. 3,474 449,327 Yum! Brands, Inc. 11,171 843,187 ------------ Total Consumer Discretionary 168,837,082 ------------ Consumer Staples -- (8.1%) Altria Group, Inc. 92,032 5,979,319 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Archer-Daniels-Midland Co. 17,230 $ 726,761 #* Blue Buffalo Pet Products, Inc. 17,099 382,505 # British American Tobacco P.L.C. Sponsored ADR 9,600 600,196 Brown-Forman Corp. Class A 3,116 160,599 Brown-Forman Corp. Class B 10,160 501,904 Bunge, Ltd. 10,724 840,654 Campbell Soup Co. 11,216 592,541 # Casey's General Stores, Inc. 4,093 436,928 Church & Dwight Co., Inc. 10,590 564,977 Clorox Co. (The) 5,660 755,553 Coca-Cola Co. (The) 177,393 8,131,695 Colgate-Palmolive Co. 28,701 2,072,212 Conagra Brands, Inc. 28,686 982,209 Constellation Brands, Inc. Class A 8,135 1,572,902 Costco Wholesale Corp. 20,658 3,274,500 Coty, Inc. Class A 47,974 982,508 CVS Health Corp. 54,184 4,330,927 Dr Pepper Snapple Group, Inc. 9,005 820,896 * Edgewell Personal Care Co. 5,884 424,825 Energizer Holdings, Inc. 1,436 66,157 Estee Lauder Cos., Inc. (The) Class A 7,769 769,053 # Flowers Foods, Inc. 15,827 278,397 General Mills, Inc. 24,871 1,384,320 * Hain Celestial Group, Inc. (The) 8,806 393,716 #* Herbalife, Ltd. 4,087 271,826 Hershey Co. (The) 7,067 744,226 # Hormel Foods Corp. 28,472 972,888 Ingredion, Inc. 7,904 974,721 JM Smucker Co. (The) 9,161 1,116,726 Kellogg Co. 10,367 704,956 Kimberly-Clark Corp. 15,608 1,922,281 Kraft Heinz Co. (The) 19,889 1,739,492 Kroger Co. (The) 45,258 1,109,726 Lamb Weston Holdings, Inc. 5,445 239,471 McCormick & Co., Inc. Non-Voting 6,089 580,282 Molson Coors Brewing Co. Class B 18,449 1,641,592 Mondelez International, Inc. Class A 54,425 2,395,789 * Monster Beverage Corp. 12,715 670,716 # National Beverage Corp. 836 85,372 PepsiCo, Inc. 69,335 8,085,154 Philip Morris International, Inc. 56,674 6,614,423 #* Pilgrim's Pride Corp. 12,114 294,249 Pinnacle Foods, Inc. 6,659 395,411 * Post Holdings, Inc. 9,639 801,965 Procter & Gamble Co. (The) 116,814 10,609,047 #* Rite Aid Corp. 32,439 72,663 Seaboard Corp. 4 17,100 # Spectrum Brands Holdings, Inc. 2,672 308,456 * Sprouts Farmers Market, Inc. 10,016 241,085 Sysco Corp. 26,567 1,397,956 #* TreeHouse Foods, Inc. 4,867 412,868 Tyson Foods, Inc. Class A 13,760 871,834 Wal-Mart Stores, Inc. 94,659 7,571,773 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Walgreens Boots Alliance, Inc. 46,029 $ 3,713,159 Whole Foods Market, Inc. 37,920 1,583,539 ----------- Total Consumer Staples 95,187,000 ----------- Energy -- (4.8%) Anadarko Petroleum Corp. 20,868 953,042 Andeavor 16,923 1,684,346 #* Antero Resources Corp. 13,686 282,205 # Apache Corp. 14,321 708,603 Baker Hughes a GE Co. 10,118 373,253 Cabot Oil & Gas Corp. 23,497 584,370 Cheniere Energy Partners L.P. Holdings LLC 5,564 145,610 * Cheniere Energy, Inc. 6,985 315,722 #* Chesapeake Energy Corp. 31,171 154,608 Chevron Corp. 59,773 6,526,614 Cimarex Energy Co. 4,108 406,815 * Concho Resources, Inc. 9,874 1,286,187 ConocoPhillips 43,085 1,954,766 * CONSOL Energy, Inc. 21,451 359,519 #* Continental Resources, Inc. 6,171 206,297 # Core Laboratories NV 4,369 439,216 Devon Energy Corp. 14,693 489,424 * Diamondback Energy, Inc. 5,175 496,179 * Energen Corp. 6,781 361,292 # EnLink Midstream LLC 4,106 72,060 EOG Resources, Inc. 20,726 1,971,872 # EQT Corp. 5,259 334,998 Exxon Mobil Corp. 155,294 12,429,732 Halliburton Co. 23,772 1,008,884 # Helmerich & Payne, Inc. 7,547 382,029 Hess Corp. 18,610 828,889 HollyFrontier Corp. 14,928 430,524 Kinder Morgan, Inc. 75,695 1,546,449 Marathon Oil Corp. 56,840 695,153 Marathon Petroleum Corp. 25,483 1,426,793 # Murphy Oil Corp. 14,549 386,712 Nabors Industries, Ltd. 4,400 33,924 National Oilwell Varco, Inc. 24,765 810,063 * Newfield Exploration Co. 4,334 124,516 Noble Energy, Inc. 29,393 849,752 Occidental Petroleum Corp. 23,664 1,465,512 ONEOK, Inc. 9,912 560,722 * Parsley Energy, Inc. Class A 11,121 325,623 Patterson-UTI Energy, Inc. 14,741 285,091 * PDC Energy, Inc. 2,937 138,509 Phillips 66 19,903 1,666,876 Pioneer Natural Resources Co. 5,378 877,152 # Range Resources Corp. 14,484 305,757 * Rice Energy, Inc. 16,660 465,980 # RPC, Inc. 7,979 165,245 * RSP Permian, Inc. 10,320 354,595 Schlumberger, Ltd. 44,145 3,028,347 Targa Resources Corp. 16,970 787,578 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) * TechnipFMC P.L.C. 23,157 $ 660,901 #* Transocean, Ltd. 30,085 260,235 # US Silica Holdings, Inc. 4,434 129,162 Valero Energy Corp. 22,028 1,519,271 #* Weatherford International P.L.C. 75,156 335,196 Williams Cos., Inc. (The) 33,100 1,051,918 * WPX Energy, Inc. 34,526 372,190 ----------- Total Energy 55,816,278 ----------- Financials -- (14.3%) Affiliated Managers Group, Inc. 5,187 963,900 Aflac, Inc. 18,204 1,451,769 * Alleghany Corp. 1,120 686,941 Allstate Corp. (The) 14,528 1,322,048 # Ally Financial, Inc. 43,872 993,262 American Express Co. 48,878 4,165,872 American Financial Group, Inc. 7,669 777,637 American International Group, Inc. 32,573 2,131,903 Ameriprise Financial, Inc. 16,471 2,386,319 # Amtrust Financial Services, Inc. 22,858 365,728 Aon P.L.C. 11,772 1,626,537 * Arch Capital Group, Ltd. 8,195 797,046 Arthur J Gallagher & Co. 14,714 865,036 Assurant, Inc. 5,713 601,408 Assured Guaranty, Ltd. 14,104 634,821 Axis Capital Holdings, Ltd. 7,199 464,911 Bank of America Corp. 335,738 8,098,001 Bank of New York Mellon Corp. (The) 47,161 2,500,948 Bank of the Ozarks, Inc. 12,643 545,545 BB&T Corp. 31,439 1,487,694 * Berkshire Hathaway, Inc. Class B 58,526 10,240,294 BlackRock, Inc. 5,095 2,173,170 BOK Financial Corp. 4,328 368,183 Brown & Brown, Inc. 12,551 559,775 Capital One Financial Corp. 20,755 1,788,666 CBOE Holdings, Inc. 4,625 437,201 Charles Schwab Corp. (The) 46,814 2,008,321 Chubb, Ltd. 15,429 2,259,731 Cincinnati Financial Corp. 10,872 828,012 CIT Group, Inc. 12,698 605,060 Citigroup, Inc. 92,054 6,301,096 Citizens Financial Group, Inc. 33,090 1,160,797 CME Group, Inc. 10,963 1,344,283 CNA Financial Corp. 1,453 75,483 Comerica, Inc. 11,743 849,136 Commerce Bancshares, Inc. 8,955 519,748 #* Credit Acceptance Corp. 1,540 383,614 Cullen/Frost Bankers, Inc. 5,312 482,223 Discover Financial Services 23,292 1,419,414 * E*TRADE Financial Corp. 23,410 959,810 East West Bancorp, Inc. 13,400 763,532 Eaton Vance Corp. 13,066 641,410 Erie Indemnity Co. Class A 2,577 328,464 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Everest Re Group, Ltd. 2,214 $ 580,931 # FactSet Research Systems, Inc. 1,985 331,932 Fifth Third Bancorp 51,048 1,362,982 First American Financial Corp. 11,457 554,633 First Citizens BancShares, Inc. Class A 514 189,162 First Horizon National Corp. 25,087 437,266 First Republic Bank 12,455 1,249,610 FNB Corp. 22,012 301,564 FNF Group 24,537 1,198,878 Franklin Resources, Inc. 14,867 665,744 Goldman Sachs Group, Inc. (The) 11,768 2,651,683 Hartford Financial Services Group, Inc. (The) 25,384 1,396,120 Huntington Bancshares, Inc. 70,485 933,926 Intercontinental Exchange, Inc. 24,726 1,649,471 Invesco, Ltd. 34,489 1,199,183 Investors Bancorp, Inc. 26,455 351,322 * Janus Henderson Group P.L.C. 8,400 281,316 JPMorgan Chase & Co. 163,771 15,034,178 KeyCorp 51,255 924,640 Lazard, Ltd. Class A 13,055 609,799 Legg Mason, Inc. 887 35,489 Leucadia National Corp. 24,789 645,258 Lincoln National Corp. 15,353 1,121,690 Loews Corp. 20,484 997,161 LPL Financial Holdings, Inc. 7,655 350,293 M&T Bank Corp. 4,884 796,825 * Markel Corp. 871 933,285 MarketAxess Holdings, Inc. 1,544 313,262 Marsh & McLennan Cos., Inc. 22,300 1,738,731 MetLife, Inc. 30,737 1,690,535 Moody's Corp. 5,402 711,065 Morgan Stanley 61,005 2,861,135 Morningstar, Inc. 688 56,808 MSCI, Inc. 4,020 437,979 Nasdaq, Inc. 14,025 1,043,039 Navient Corp. 44,340 654,015 # New York Community Bancorp, Inc. 32,522 427,014 Northern Trust Corp. 9,488 830,295 Old Republic International Corp. 22,528 441,999 #* OneMain Holdings, Inc. 2,335 62,438 PacWest Bancorp 9,909 475,830 People's United Financial, Inc. 27,336 476,740 Pinnacle Financial Partners, Inc. 6,659 425,510 PNC Financial Services Group, Inc. (The) 18,939 2,439,343 Popular, Inc. 8,865 373,571 Principal Financial Group, Inc. 24,234 1,617,620 ProAssurance Corp. 758 46,844 Progressive Corp. (The) 23,536 1,109,252 Prosperity Bancshares, Inc. 5,993 384,151 Prudential Financial, Inc. 14,352 1,625,077 Raymond James Financial, Inc. 12,144 1,010,259 Regions Financial Corp. 82,522 1,204,821 Reinsurance Group of America, Inc. 4,288 601,178 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) RenaissanceRe Holdings, Ltd. 3,438 $ 505,077 S&P Global, Inc. 11,519 1,769,203 * Santander Consumer USA Holdings, Inc. 42,675 546,667 SEI Investments Co. 7,378 416,931 * Signature Bank 4,556 631,370 * SLM Corp. 57,971 642,319 State Street Corp. 16,739 1,560,577 SunTrust Banks, Inc. 19,258 1,103,291 * SVB Financial Group 4,322 771,218 Synchrony Financial 42,221 1,280,141 Synovus Financial Corp. 13,561 589,632 T Rowe Price Group, Inc. 28,540 2,360,829 # TD Ameritrade Holding Corp. 20,584 941,306 TFS Financial Corp. 10,716 171,242 Torchmark Corp. 9,074 716,574 Travelers Cos., Inc. (The) 16,354 2,094,784 U.S. Bancorp. 75,205 3,969,320 Umpqua Holdings Corp. 2,385 44,218 Unum Group 16,554 829,852 Validus Holdings, Ltd. 7,326 394,066 Voya Financial, Inc. 10,487 411,510 Webster Financial Corp. 8,802 457,088 Wells Fargo & Co. 216,573 11,681,948 * Western Alliance Bancorp 12,013 605,215 White Mountains Insurance Group, Ltd. 291 251,599 Willis Towers Watson P.L.C. 9,068 1,350,044 WR Berkley Corp. 10,524 725,840 XL Group, Ltd. 17,425 773,670 Zions Bancorporation 15,948 722,763 ------------ Total Financials 167,525,895 ------------ Health Care -- (13.0%) Abbott Laboratories 71,534 3,518,042 AbbVie, Inc. 76,749 5,365,523 * ABIOMED, Inc. 2,102 311,285 #* Acadia Healthcare Co., Inc. 4,761 252,000 Aetna, Inc. 16,727 2,581,143 Agilent Technologies, Inc. 18,007 1,076,639 * Akorn, Inc. 4,201 141,238 * Alere, Inc. 1,649 83,093 * Alexion Pharmaceuticals, Inc. 6,990 960,007 * Align Technology, Inc. 2,626 439,146 #* Alkermes P.L.C. 4,353 236,847 Allergan P.L.C. 11,513 2,905,075 #* Alnylam Pharmaceuticals, Inc. 3,432 283,964 AmerisourceBergen Corp. 10,232 959,966 Amgen, Inc. 32,843 5,731,432 Anthem, Inc. 11,518 2,144,767 #* athenahealth, Inc. 2,821 390,201 Baxter International, Inc. 19,528 1,181,053 Becton Dickinson and Co. 7,489 1,508,285 * Bio-Rad Laboratories, Inc. Class A 2,261 532,759 Bio-Techne Corp. 1,453 168,417 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Biogen, Inc. 8,494 $ 2,459,777 * BioMarin Pharmaceutical, Inc. 3,159 277,139 * Bioverativ, Inc. 6,169 382,293 * Bluebird Bio, Inc. 688 64,844 * Boston Scientific Corp. 32,259 858,735 Bristol-Myers Squibb Co. 67,480 3,839,612 Bruker Corp. 10,880 312,038 Cardinal Health, Inc. 17,708 1,368,120 * Celgene Corp. 32,831 4,445,646 * Centene Corp. 14,802 1,175,575 * Cerner Corp. 8,611 554,290 * Charles River Laboratories International, Inc. 3,786 371,785 Cigna Corp. 10,942 1,899,093 Cooper Cos., Inc. (The) 2,618 638,452 CR Bard, Inc. 3,462 1,109,917 Danaher Corp. 31,719 2,584,781 * DaVita, Inc. 25,023 1,620,990 DENTSPLY SIRONA, Inc. 12,995 806,080 #* DexCom, Inc. 2,218 147,741 * Edwards Lifesciences Corp. 6,588 758,806 Eli Lilly & Co. 38,004 3,141,411 * Endo International P.L.C. 5,204 57,348 * Envision Healthcare Corp. 10,030 565,993 * Exelixis, Inc. 12,920 350,261 * Express Scripts Holding Co. 35,170 2,203,049 Gilead Sciences, Inc. 60,386 4,594,771 * HCA Healthcare, Inc. 11,512 924,874 HealthSouth Corp. 5,846 248,806 * Henry Schein, Inc. 5,342 973,366 Hill-Rom Holdings, Inc. 7,504 559,198 * Hologic, Inc. 22,661 1,001,843 Humana, Inc. 7,369 1,703,713 * IDEXX Laboratories, Inc. 4,202 699,465 * Illumina, Inc. 4,469 776,936 * Incyte Corp. 7,627 1,016,603 * Intuitive Surgical, Inc. 1,042 977,667 #* Ionis Pharmaceuticals, Inc. 4,207 220,447 #* Jazz Pharmaceuticals P.L.C. 3,793 582,643 Johnson & Johnson 122,661 16,279,568 #* Kite Pharma, Inc. 1,906 206,629 * Laboratory Corp. of America Holdings 10,521 1,671,892 * Mallinckrodt P.L.C. 7,863 360,125 * Masimo Corp. 3,767 356,358 McKesson Corp. 10,719 1,735,085 * MEDNAX, Inc. 7,834 368,041 Medtronic P.L.C. 48,563 4,077,835 Merck & Co., Inc. 117,859 7,528,833 * Mettler-Toledo International, Inc. 1,086 622,365 #* Molina Healthcare, Inc. 3,700 247,160 * Mylan NV 17,187 670,121 #* Neurocrine Biosciences, Inc. 3,123 149,998 #* Opko Health, Inc. 29,164 188,108 # Patterson Cos., Inc. 11,364 474,106 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) PerkinElmer, Inc. 8,157 $ 536,975 # Perrigo Co. P.L.C. 7,974 597,412 Pfizer, Inc. 331,273 10,985,013 * PRA Health Sciences, Inc. 3,776 280,934 * Premier, Inc. Class A 4,831 168,602 Quest Diagnostics, Inc. 13,288 1,439,223 * Quintiles IMS Holdings, Inc. 11,877 1,075,462 * Regeneron Pharmaceuticals, Inc. 2,505 1,231,508 # ResMed, Inc. 4,833 372,721 * Seattle Genetics, Inc. 3,057 154,378 STERIS P.L.C. 6,140 502,559 Stryker Corp. 10,932 1,608,097 #* Taro Pharmaceutical Industries, Ltd. 2,229 254,842 Teleflex, Inc. 2,390 495,256 #* TESARO, Inc. 1,741 222,256 Thermo Fisher Scientific, Inc. 18,936 3,323,836 * United Therapeutics Corp. 6,500 834,600 UnitedHealth Group, Inc. 43,937 8,427,556 Universal Health Services, Inc. Class B 9,059 1,004,009 #* Varian Medical Systems, Inc. 5,001 485,697 * VCA, Inc. 6,133 567,793 * Veeva Systems, Inc. Class A 3,349 213,532 * Vertex Pharmaceuticals, Inc. 6,147 933,238 * Waters Corp. 2,796 484,938 * WellCare Health Plans, Inc. 3,421 605,483 West Pharmaceutical Services, Inc. 2,889 256,254 Zimmer Biomet Holdings, Inc. 6,895 836,501 Zoetis, Inc. 23,987 1,499,667 ------------ Total Health Care 151,379,556 ------------ Industrials -- (11.6%) 3M Co. 28,443 5,721,878 Acuity Brands, Inc. 1,521 308,231 * AECOM 15,649 499,203 AGCO Corp. 8,821 636,347 # Air Lease Corp. 3,866 153,016 Alaska Air Group, Inc. 12,033 1,025,573 Allegion P.L.C. 3,760 305,462 Allison Transmission Holdings, Inc. 17,311 654,356 AMERCO 1,235 479,872 # American Airlines Group, Inc. 22,281 1,123,854 AMETEK, Inc. 15,380 947,100 AO Smith Corp. 6,580 352,359 Arconic, Inc. 49,199 1,219,643 Boeing Co. (The) 27,053 6,559,270 BWX Technologies, Inc. 9,710 511,523 Carlisle Cos., Inc. 5,386 525,620 Caterpillar, Inc. 29,750 3,390,012 # CH Robinson Worldwide, Inc. 6,944 455,526 Cintas Corp. 5,652 762,172 * Clean Harbors, Inc. 1,175 66,740 * Colfax Corp. 10,905 450,158 Copa Holdings SA Class A 3,600 451,656 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * Copart, Inc. 12,594 $ 396,585 Crane Co. 5,116 386,258 CSX Corp. 44,764 2,208,656 Cummins, Inc. 7,015 1,177,818 Curtiss-Wright Corp. 4,277 412,388 Deere & Co. 12,113 1,553,856 Delta Air Lines, Inc. 54,094 2,670,080 Donaldson Co., Inc. 6,193 294,106 Dover Corp. 12,424 1,043,616 Dun & Bradstreet Corp. (The) 2,458 272,248 Eaton Corp. P.L.C. 20,675 1,617,819 EMCOR Group, Inc. 6,651 448,942 Emerson Electric Co. 31,821 1,896,850 Equifax, Inc. 4,899 712,511 # Expeditors International of Washington, Inc. 10,831 637,729 # Fastenal Co. 10,845 465,901 FedEx Corp. 14,845 3,088,205 # Flowserve Corp. 7,710 317,112 Fluor Corp. 11,160 484,679 Fortive Corp. 11,864 768,075 Fortune Brands Home & Security, Inc. 8,325 546,703 General Dynamics Corp. 10,328 2,027,696 General Electric Co. 314,400 8,051,784 * Genesee & Wyoming, Inc. Class A 5,722 372,846 Graco, Inc. 5,790 671,872 * HD Supply Holdings, Inc. 9,979 324,218 HEICO Corp. 2,977 239,261 HEICO Corp. Class A 4,561 324,059 Hexcel Corp. 9,636 493,074 Honeywell International, Inc. 37,099 5,049,916 Hubbell, Inc. 4,345 516,143 Huntington Ingalls Industries, Inc. 2,259 465,602 IDEX Corp. 5,564 648,429 Illinois Tool Works, Inc. 16,107 2,266,416 Ingersoll-Rand P.L.C. 13,141 1,154,831 ITT, Inc. 2,579 105,739 Jacobs Engineering Group, Inc. 7,241 381,746 JB Hunt Transport Services, Inc. 4,982 451,917 * JetBlue Airways Corp. 39,243 860,599 Johnson Controls International P.L.C. 32,583 1,269,108 Kansas City Southern 9,226 952,031 KAR Auction Services, Inc. 13,610 572,164 * Kirby Corp. 5,215 317,593 L3 Technologies, Inc. 6,053 1,059,093 # Lennox International, Inc. 2,013 344,223 Lincoln Electric Holdings, Inc. 5,150 449,389 Lockheed Martin Corp. 12,266 3,583,267 Macquarie Infrastructure Corp. 6,549 496,480 ManpowerGroup, Inc. 6,744 722,620 Masco Corp. 10,311 393,158 * Middleby Corp. (The) 2,581 337,285 MSC Industrial Direct Co., Inc. Class A 4,263 303,568 Nielsen Holdings P.L.C. 33,892 1,457,695 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Nordson Corp. 2,692 $ 341,884 Norfolk Southern Corp. 16,126 1,815,465 Northrop Grumman Corp. 8,457 2,225,290 Old Dominion Freight Line, Inc. 6,237 598,191 Orbital ATK, Inc. 6,988 714,034 Oshkosh Corp. 8,246 567,820 Owens Corning 11,881 796,621 PACCAR, Inc. 18,506 1,266,736 Parker-Hannifin Corp. 5,706 947,082 Pentair P.L.C. 14,083 888,215 Pitney Bowes, Inc. 1,346 21,186 * Quanta Services, Inc. 10,399 350,758 Raytheon Co. 13,799 2,370,254 Republic Services, Inc. 12,092 776,548 Robert Half International, Inc. 12,128 548,792 Rockwell Automation, Inc. 6,539 1,079,131 Rockwell Collins, Inc. 15,554 1,656,968 # Rollins, Inc. 7,570 328,614 Roper Technologies, Inc. 3,534 821,514 Ryder System, Inc. 7,672 558,215 #* Sensata Technologies Holding NV 18,253 823,575 # Snap-on, Inc. 5,180 798,756 Southwest Airlines Co. 34,661 1,924,032 Spirit Aerosystems Holdings, Inc. Class A 12,233 739,240 * Spirit Airlines, Inc. 6,150 238,928 Stanley Black & Decker, Inc. 7,592 1,068,118 * Stericycle, Inc. 8,363 644,620 #* Swift Transportation Co. 5,731 146,141 * Teledyne Technologies, Inc. 3,533 481,689 Terex Corp. 2,690 105,905 Textron, Inc. 27,397 1,346,015 Toro Co. (The) 5,081 361,208 # TransDigm Group, Inc. 1,934 545,659 * TransUnion 10,255 469,987 Trinity Industries, Inc. 18,871 517,254 Union Pacific Corp. 45,307 4,664,809 * United Continental Holdings, Inc. 27,065 1,831,759 United Parcel Service, Inc. Class B 32,588 3,594,131 * United Rentals, Inc. 6,753 803,337 United Technologies Corp. 43,205 5,122,817 * Univar, Inc. 2,576 79,959 #* USG Corp. 16,488 445,836 * Verisk Analytics, Inc. 7,865 686,300 * WABCO Holdings, Inc. 2,335 321,226 # Wabtec Corp. 6,345 478,159 Waste Management, Inc. 18,883 1,419,057 Watsco, Inc. 3,048 459,547 Woodward, Inc. 5,001 349,770 # WW Grainger, Inc. 2,662 443,862 * XPO Logistics, Inc. 14,827 891,251 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) Xylem, Inc. 9,643 $ 547,047 ------------ Total Industrials 135,686,842 ------------ Information Technology -- (20.7%) Accenture P.L.C. Class A 31,458 4,052,420 Activision Blizzard, Inc. 27,363 1,690,486 * Adobe Systems, Inc. 13,627 1,996,219 #* Advanced Micro Devices, Inc. 45,101 613,825 * Akamai Technologies, Inc. 11,093 522,924 Alliance Data Systems Corp. 2,437 588,365 * Alphabet, Inc. Class A 11,430 10,807,065 * Alphabet, Inc. Class C 11,905 11,077,602 Amdocs, Ltd. 12,605 846,678 Amphenol Corp. Class A 9,927 760,607 Analog Devices, Inc. 14,766 1,166,662 * ANSYS, Inc. 5,414 701,384 Apple, Inc. 225,766 33,578,177 Applied Materials, Inc. 43,614 1,932,536 * Arista Networks, Inc. 2,597 387,706 * ARRIS International P.L.C. 17,612 492,432 * Arrow Electronics, Inc. 8,128 660,725 * Aspen Technology, Inc. 3,703 210,590 * Autodesk, Inc. 5,237 580,207 Automatic Data Processing, Inc. 22,795 2,710,553 Avnet, Inc. 10,504 403,144 #* Black Knight Financial Services, Inc. Class A 1,865 79,262 Booz Allen Hamilton Holding Corp. 14,232 488,158 Broadcom, Ltd. 13,334 3,288,964 Broadridge Financial Solutions, Inc. 7,098 538,454 Brocade Communications Systems, Inc. 27,637 349,055 CA, Inc. 43,990 1,365,450 * Cadence Design Systems, Inc. 11,943 440,697 #* Cars.com, Inc. 9,700 235,710 #* Cavium, Inc. 4,027 249,432 CDK Global, Inc. 6,626 435,858 CDW Corp. 7,226 458,345 Cisco Systems, Inc. 222,460 6,996,367 * Citrix Systems, Inc. 10,715 846,271 Cognex Corp. 4,959 471,403 Cognizant Technology Solutions Corp. Class A 27,947 1,937,286 * Coherent, Inc. 1,951 517,015 * CommerceHub, Inc. Series C 389 6,994 * CommScope Holding Co., Inc. 10,128 372,508 * Conduent, Inc. 11,250 185,737 Corning, Inc. 36,810 1,072,643 * CoStar Group, Inc. 1,211 333,691 * Cree, Inc. 200 5,182 CSRA, Inc. 15,667 510,901 # Cypress Semiconductor Corp. 29,882 424,324 * Dell Technologies, Inc. Class V 7,981 512,939 Dolby Laboratories, Inc. Class A 5,948 307,809 DST Systems, Inc. 4,424 242,878 DXC Technology Co. 16,846 1,320,389 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * eBay, Inc. 41,476 $ 1,481,937 * EchoStar Corp. Class A 5,118 310,816 * Electronic Arts, Inc. 10,986 1,282,506 * EPAM Systems, Inc. 1,500 128,895 * Euronet Worldwide, Inc. 3,300 318,813 * F5 Networks, Inc. 3,373 407,290 * Facebook, Inc. Class A 86,658 14,666,866 Fidelity National Information Services, Inc. 15,767 1,438,266 * First Data Corp. Class A 10,180 189,959 * First Solar, Inc. 8,021 395,516 * Fiserv, Inc. 10,968 1,409,388 * FleetCor Technologies, Inc. 6,162 936,994 * Flex, Ltd. 65,839 1,052,766 FLIR Systems, Inc. 15,067 562,300 * Fortinet, Inc. 3,563 131,510 * Gartner, Inc. 2,996 384,447 # Genpact, Ltd. 19,291 559,439 Global Payments, Inc. 10,307 972,672 * GoDaddy, Inc. Class A 3,306 142,092 * Guidewire Software, Inc. 3,810 274,930 Harris Corp. 8,940 1,023,362 Hewlett Packard Enterprise Co. 95,772 1,676,968 HP, Inc. 60,928 1,163,725 * IAC/InterActiveCorp 4,831 505,468 * Integrated Device Technology, Inc. 1,951 50,999 Intel Corp. 256,173 9,086,456 International Business Machines Corp. 43,508 6,294,302 Intuit, Inc. 12,320 1,690,427 * IPG Photonics Corp. 3,533 539,277 Jabil, Inc. 27,352 834,236 Jack Henry & Associates, Inc. 3,196 342,995 Juniper Networks, Inc. 32,657 912,763 * Keysight Technologies, Inc. 14,491 602,681 KLA-Tencor Corp. 5,363 496,775 Lam Research Corp. 7,296 1,163,420 Leidos Holdings, Inc. 10,283 549,524 LogMeIn, Inc. 4,527 527,169 * Lumentum Holdings, Inc. 523 32,740 * Manhattan Associates, Inc. 4,943 218,481 Marvell Technology Group, Ltd. 34,907 543,153 Mastercard, Inc. Class A 48,631 6,215,042 #* Match Group, Inc. 3,203 58,455 Maxim Integrated Products, Inc. 10,549 479,347 MAXIMUS, Inc. 4,418 266,670 # Microchip Technology, Inc. 7,316 585,573 * Micron Technology, Inc. 86,168 2,423,044 * Microsemi Corp. 12,289 640,011 Microsoft Corp. 317,592 23,088,938 Motorola Solutions, Inc. 6,018 545,712 # National Instruments Corp. 9,804 403,337 * NCR Corp. 10,778 407,947 NetApp, Inc. 17,842 774,700 * Nuance Communications, Inc. 24,934 431,358 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) NVIDIA Corp. 26,473 $ 4,302,127 * ON Semiconductor Corp. 40,179 600,676 Oracle Corp. 133,683 6,674,792 * Palo Alto Networks, Inc. 1,515 199,647 Paychex, Inc. 16,018 926,641 * PayPal Holdings, Inc. 47,128 2,759,344 Pegasystems, Inc. 1,557 94,121 * PTC, Inc. 5,507 303,931 * Qorvo, Inc. 8,197 561,986 QUALCOMM, Inc. 65,988 3,509,902 * Red Hat, Inc. 4,709 465,579 # Sabre Corp. 9,552 211,386 * salesforce.com, Inc. 14,748 1,339,118 # Seagate Technology P.L.C. 13,761 453,563 * ServiceNow, Inc. 2,703 298,546 Skyworks Solutions, Inc. 13,734 1,440,285 #* Splunk, Inc. 2,459 147,565 SS&C Technologies Holdings, Inc. 15,307 593,299 Symantec Corp. 26,586 823,900 SYNNEX Corp. 5,301 630,395 * Synopsys, Inc. 11,350 869,069 #* Tableau Software, Inc. Class A 2,705 174,337 * Take-Two Interactive Software, Inc. 5,681 451,526 TE Connectivity, Ltd. 20,092 1,615,196 #* Teradata Corp. 2,075 66,026 Teradyne, Inc. 17,116 592,042 Texas Instruments, Inc. 50,780 4,132,476 Total System Services, Inc. 11,714 743,370 * Trimble, Inc. 13,780 515,785 * Twitter, Inc. 40,102 645,241 #* Tyler Technologies, Inc. 1,406 241,565 #* Ubiquiti Networks, Inc. 4,830 263,235 #* Ultimate Software Group, Inc. (The) 690 155,740 Universal Display Corp. 2,512 302,947 * Vantiv, Inc. Class A 7,510 477,260 * VeriSign, Inc. 4,048 409,536 Versum Materials, Inc. 4,003 141,146 # Visa, Inc. Class A 75,068 7,473,770 #* VMware, Inc. Class A 2,035 188,665 Western Digital Corp. 14,046 1,195,596 # Western Union Co. (The) 28,340 559,715 * WEX, Inc. 3,716 403,855 * Workday, Inc. Class A 2,115 215,963 Xerox Corp. 21,897 671,581 Xilinx, Inc. 10,436 660,181 * Zebra Technologies Corp. Class A 5,578 567,394 * Zillow Group, Inc. Class A 3,902 177,268 #* Zillow Group, Inc. Class C 7,941 358,616 ------------ Total Information Technology 242,002,390 ------------ Materials -- (3.7%) Air Products & Chemicals, Inc. 11,365 1,615,535 Albemarle Corp. 9,083 1,051,811 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) Alcoa Corp. 8,220 $ 299,208 AptarGroup, Inc. 7,319 592,327 Ashland Global Holdings, Inc. 5,147 334,401 Avery Dennison Corp. 4,807 446,715 * Axalta Coating Systems, Ltd. 14,706 463,239 # Ball Corp. 20,185 845,752 Bemis Co., Inc. 11,614 492,085 * Berry Global Group, Inc. 5,950 333,676 Celanese Corp. Series A 10,304 990,936 # CF Industries Holdings, Inc. 19,398 569,331 Chemours Co. (The) 14,576 693,963 * Crown Holdings, Inc. 7,058 419,739 Dow Chemical Co. (The) 36,896 2,370,199 Eagle Materials, Inc. 5,166 486,121 Eastman Chemical Co. 16,837 1,400,165 Ecolab, Inc. 10,008 1,317,753 EI du Pont de Nemours & Co. 21,266 1,748,278 FMC Corp. 7,288 556,657 * Freeport-McMoRan, Inc. 162,690 2,378,528 Graphic Packaging Holding Co. 44,118 581,916 Huntsman Corp. 37,766 1,005,331 International Flavors & Fragrances, Inc. 2,952 393,147 International Paper Co. 18,923 1,040,387 LyondellBasell Industries NV Class A 17,844 1,607,566 Martin Marietta Materials, Inc. 4,726 1,070,108 Monsanto Co. 14,368 1,678,470 Mosaic Co. (The) 19,724 476,137 NewMarket Corp. 1,046 481,275 Newmont Mining Corp. 33,490 1,244,823 Nucor Corp. 31,161 1,797,055 Olin Corp. 18,266 538,482 * Owens-Illinois, Inc. 5,872 140,341 Packaging Corp. of America 5,409 592,177 #* Platform Specialty Products Corp. 5,743 80,459 PolyOne Corp. 1,543 56,443 PPG Industries, Inc. 11,782 1,240,055 Praxair, Inc. 10,509 1,367,851 Reliance Steel & Aluminum Co. 6,324 457,605 Royal Gold, Inc. 5,078 440,059 RPM International, Inc. 6,399 331,916 # Scotts Miracle-Gro Co. (The) 5,989 574,884 Sealed Air Corp. 9,521 414,259 Sherwin-Williams Co. (The) 3,689 1,244,189 Sonoco Products Co. 13,749 666,552 Southern Copper Corp. 3,014 118,571 Steel Dynamics, Inc. 24,681 873,954 # United States Steel Corp. 12,316 289,303 Valvoline, Inc. 16,646 377,365 Vulcan Materials Co. 9,087 1,118,791 Westlake Chemical Corp. 5,866 412,732 WestRock Co. 14,728 845,682 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) WR Grace & Co. 5,673 $ 391,210 ----------- Total Materials 43,355,514 ----------- Real Estate -- (0.2%) * CBRE Group, Inc. Class A 21,834 829,474 Colony NorthStar, Inc. Class A 5,300 77,592 * Howard Hughes Corp. (The) 3,185 400,705 Jones Lang LaSalle, Inc. 4,863 618,671 # Realogy Holdings Corp. 13,128 435,849 ----------- Total Real Estate 2,362,291 ----------- Telecommunication Services -- (2.5%) AT&T, Inc. 379,500 14,800,500 # CenturyLink, Inc. 64,736 1,506,407 # Frontier Communications Corp. 4,519 69,186 * Level 3 Communications, Inc. 11,024 646,888 #* Sprint Corp. 54,103 431,742 * T-Mobile US, Inc. 19,096 1,177,459 Telephone & Data Systems, Inc. 1,594 45,318 * United States Cellular Corp. 389 14,735 Verizon Communications, Inc. 196,628 9,516,795 * Zayo Group Holdings, Inc. 13,337 437,320 ----------- Total Telecommunication Services 28,646,350 ----------- Utilities -- (2.5%) AES Corp. 23,898 267,180 Alliant Energy Corp. 8,800 356,664 Ameren Corp. 8,983 503,946 American Electric Power Co., Inc. 18,849 1,329,609 American Water Works Co., Inc. 5,329 432,182 Aqua America, Inc. 9,631 321,483 Atmos Energy Corp. 4,044 350,857 Avangrid, Inc. 5,265 239,136 * Calpine Corp. 43,818 630,103 CenterPoint Energy, Inc. 15,976 450,364 CMS Energy Corp. 10,635 491,762 # Consolidated Edison, Inc. 11,682 967,971 Dominion Energy, Inc. 23,440 1,809,099 DTE Energy Co. 6,721 719,550 Duke Energy Corp. 26,408 2,247,849 Edison International 12,186 958,795 Entergy Corp. 6,045 463,772 Eversource Energy 11,488 698,356 Exelon Corp. 35,330 1,354,552 FirstEnergy Corp. 12,743 406,629 Great Plains Energy, Inc. 8,464 261,199 MDU Resources Group, Inc. 14,003 368,979 # National Fuel Gas Co. 6,116 362,128 NextEra Energy, Inc. 18,345 2,680,021 NiSource, Inc. 15,254 397,519 NRG Energy, Inc. 44,331 1,091,429 NRG Yield, Inc. Class A 1,335 24,337 U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Utilities -- (Continued) # NRG Yield, Inc. Class C 1,335 $ 24,831 OGE Energy Corp. 7,149 256,363 ONE Gas, Inc. 692 50,364 PG&E Corp. 19,430 1,315,217 Pinnacle West Capital Corp. 3,915 339,548 PPL Corp. 25,992 996,273 Public Service Enterprise Group, Inc. 18,921 850,877 SCANA Corp. 5,182 333,565 Sempra Energy 9,107 1,029,182 Southern Co. (The) 32,650 1,564,915 UGI Corp. 10,782 544,168 Vectren Corp. 5,615 337,518 WEC Energy Group, Inc. 11,487 723,336 Westar Energy, Inc. 5,228 265,321 Xcel Energy, Inc. 19,500 922,545 -------------- Total Utilities 29,739,494 -------------- TOTAL COMMON STOCKS 1,120,538,692 -------------- RIGHTS/WARRANTS -- (0.0%) (degrees)* Safeway Casa Ley Contingent Value Rights 6,868 6,970 (degrees)* Safeway PDC, LLC Contingent Value Rights 6,868 2 TOTAL RIGHTS/WARRANTS 6,972 -------------- TOTAL INVESTMENT SECURITIES 1,120,545,664 -------------- TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional U.S. Government Money Market Fund, 0.940% 5,024,290 5,024,290 -------------- SECURITIES LENDING COLLATERAL -- (3.7%) (S)@ DFA Short Term Investment Fund 3,690,710 42,708,891 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $967,427,219)^^ $1,168,278,845 ============== U.S. LARGE CAP EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ----------- ------- -------------- Common Stocks Consumer Discretionary $ 168,837,082 -- -- $ 168,837,082 Consumer Staples 95,187,000 -- -- 95,187,000 Energy 55,816,278 -- -- 55,816,278 Financials 167,525,895 -- -- 167,525,895 Health Care 151,379,556 -- -- 151,379,556 Industrials 135,686,842 -- -- 135,686,842 Information Technology 242,002,390 -- -- 242,002,390 Materials 43,355,514 -- -- 43,355,514 Real Estate 2,362,291 -- -- 2,362,291 Telecommunication Services 28,646,350 -- -- 28,646,350 Utilities 29,739,494 -- -- 29,739,494 Rights/Warrants -- $ 6,972 -- 6,972 Temporary Cash Investments 5,024,290 -- -- 5,024,290 Securities Lending Collateral -- 42,708,891 -- 42,708,891 -------------- ----------- -- -------------- TOTAL $1,125,562,982 $42,715,863 -- $1,168,278,845 ============== =========== == ============== DFA COMMODITY STRATEGY PORTFOLIO CONSOLIDATED SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- BONDS -- (66.8%) AUSTRALIA -- (4.6%) Commonwealth Bank of Australia 1.900%, 09/18/17 2,000 $ 2,000,780 2.300%, 09/06/19 10,100 10,197,980 5.000%, 10/15/19 10,000 10,635,060 5.000%, 03/19/20 5,000 5,373,470 Macquarie Group, Ltd. ## 3.000%, 12/03/18 4,500 4,556,507 National Australia Bank, Ltd. ## 2.400%, 12/09/19 9,500 9,575,601 2.125%, 05/22/20 745 747,086 Westpac Banking Corp. 2.000%, 08/14/17 3,000 3,000,534 2.250%, 07/30/18 3,200 3,220,128 2.150%, 03/06/20 5,000 5,024,840 2.300%, 05/26/20 18,774 18,910,393 ----------- TOTAL AUSTRALIA 73,242,379 ----------- CANADA -- (6.3%) Alberta, Province of Canada 1.900%, 12/06/19 5,000 5,012,065 Bank of Montreal 2.375%, 01/25/19 9,620 9,705,685 CPPIB Capital, Inc. 1.400%, 06/04/20 CAD 6,000 4,769,344 Potash Corp. of Saskatchewan, Inc. 6.500%, 05/15/19 1,446 1,551,373 Province of Ontario Canada 1.100%, 10/25/17 10,000 9,994,550 1.200%, 02/14/18 15,000 14,984,415 1.650%, 09/27/19 6,103 6,091,679 Royal Bank of Canada 1.500%, 01/16/18 600 600,054 2.200%, 07/27/18 1,005 1,011,101 1.800%, 07/30/18 7,442 7,459,563 1.500%, 07/29/19 4,625 4,607,254 Thomson Reuters Corp. 1.650%, 09/29/17 3,992 3,993,441 Toronto-Dominion Bank (The) 1.400%, 04/30/18 10,000 9,995,770 2.125%, 07/02/19 19,850 20,018,427 ----------- TOTAL CANADA 99,794,721 ----------- FINLAND -- (0.4%) Municipality Finance P.L.C. 1.250%, 04/18/19 5,000 4,969,320 1.750%, 05/21/19 1,150 1,152,875 ----------- TOTAL FINLAND 6,122,195 ----------- FACE AMOUNT^ (000) VALUE+ ------- ----------- FRANCE -- (2.0%) BNP Paribas SA 2.375%, 09/14/17 6,140 $ 6,146,447 BPCE SA 1.625%, 01/26/18 1,950 1,948,889 Orange SA 1.625%, 11/03/19 2,000 1,989,390 Sanofi 1.250%, 04/10/18 1,800 1,798,002 Societe Generale SA 2.750%, 10/12/17 980 982,638 Total Capital International SA 2.100%, 06/19/19 18,335 18,490,462 ----------- TOTAL FRANCE 31,355,828 ----------- GERMANY -- (1.7%) Bayer U.S. Finance LLC 2.375%, 10/08/19 1,500 1,515,717 Daimler Finance North America LLC ## 1.650%, 03/02/18 4,490 4,493,242 Deutsche Bank AG 6.000%, 09/01/17 4,300 4,314,074 Deutsche Telekom International Finance BV ## 1.500%, 09/19/19 3,000 2,968,692 State of North Rhine-Westphalia 1.625%, 01/22/20 3,650 3,636,820 Volkswagen Group of America Finance LLC ## 2.125%, 05/23/19 10,000 10,027,040 ----------- TOTAL GERMANY 26,955,585 ----------- IRELAND -- (0.2%) Medtronic, Inc. 1.375%, 04/01/18 300 299,719 2.500%, 03/15/20 3,750 3,818,250 ----------- TOTAL IRELAND 4,117,969 ----------- ITALY -- (0.5%) Enel Finance International NV ## 6.250%, 09/15/17 4,300 4,322,162 Intesa Sanpaolo SpA 3.875%, 01/16/18 1,500 1,513,025 3.875%, 01/15/19 2,570 2,632,348 ----------- TOTAL ITALY 8,467,535 ----------- JAPAN -- (2.7%) American Honda Finance Corp. 1.550%, 12/11/17 2,575 2,576,292 2.250%, 08/15/19 2,000 2,019,720 DFA COMMODITY STRATEGY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- JAPAN -- (Continued) Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 2.350%, 09/08/19 $ 850 $ 856,420 Mizuho Bank, Ltd. ## 1.550%, 10/17/17 7,700 7,700,362 Nomura Holdings, Inc. 2.750%, 03/19/19 1,034 1,046,368 Sumitomo Mitsui Banking Corp. 2.450%, 01/10/19 3,500 3,531,248 Toyota Motor Credit Corp. 2.000%, 10/24/18 4,149 4,173,894 1.400%, 05/20/19 9,500 9,468,270 2.125%, 07/18/19 1,080 1,090,178 1.550%, 10/18/19 10,000 9,956,880 ----------- TOTAL JAPAN 42,419,632 ----------- NETHERLANDS -- (3.5%) Cooperatieve Rabobank UA 1.700%, 03/19/18 2,800 2,803,830 2.250%, 01/14/19 13,665 13,789,146 ING Bank NV ## 2.500%, 10/01/19 3,000 3,026,952 LyondellBasell Industries NV 5.000%, 04/15/19 1,022 1,067,140 Nederlandse Waterschapsbank NV 1.625%, 03/04/20 4,362 4,344,168 Shell International Finance BV 1.900%, 08/10/18 4,000 4,014,600 2.000%, 11/15/18 3,250 3,268,236 4.300%, 09/22/19 12,204 12,846,431 4.375%, 03/25/20 9,400 10,021,566 ----------- TOTAL NETHERLANDS 55,182,069 ----------- NORWAY -- (0.7%) Kommunalbanken A.S. 1.750%, 05/28/19 5,000 5,012,880 1.625%, 01/15/20 5,450 5,442,054 Statoil ASA 1.950%, 11/08/18 1,035 1,038,468 ----------- TOTAL NORWAY 11,493,402 ----------- SPAIN -- (0.6%) Iberdrola Finance Ireland, Ltd. ## 5.000%, 09/11/19 2,000 2,116,826 Santander Holdings USA, Inc. 2.650%, 04/17/20 4,992 5,010,450 Telefonica Emisiones SAU 3.192%, 04/27/18 1,800 1,817,955 ----------- TOTAL SPAIN 8,945,231 ----------- FACE AMOUNT^ (000) VALUE+ ------- ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (0.4%) Council Of Europe Development Bank 1.750%, 11/14/19 7,000 $ 7,025,340 ----------- SWEDEN -- (2.5%) Nordea Bank AB 2.375%, 04/04/19 15,000 15,103,305 Svensk Exportkredit AB 1.875%, 06/17/19 17,000 17,088,723 Svenska Handelsbanken AB 1.625%, 03/21/18 2,900 2,901,749 2.250%, 06/17/19 5,000 5,039,100 ----------- TOTAL SWEDEN 40,132,877 ----------- SWITZERLAND -- (0.7%) UBS AG 1.800%, 03/26/18 3,350 3,355,728 2.375%, 08/14/19 1,500 1,513,190 2.350%, 03/26/20 6,000 6,060,840 ----------- TOTAL SWITZERLAND 10,929,758 ----------- UNITED KINGDOM -- (0.8%) AstraZeneca P.L.C. 1.750%, 11/16/18 6,958 6,966,767 BP Capital Markets P.L.C. # 4.750%, 03/10/19 3,610 3,783,532 GlaxoSmithKline Capital, Inc. 5.650%, 05/15/18 1,028 1,060,887 HSBC USA, Inc. 1.625%, 01/16/18 820 820,338 Vodafone Group P.L.C. 1.250%, 09/26/17 750 749,913 ----------- TOTAL UNITED KINGDOM 13,381,437 ----------- UNITED STATES -- (39.2%) 3M Co. 1.625%, 06/15/19 3,200 3,205,590 Abbott Laboratories 5.125%, 04/01/19 2,835 2,987,957 Air Products & Chemicals, Inc. 1.200%, 10/15/17 700 699,535 American Express Co. 7.000%, 03/19/18 7,212 7,456,133 American International Group, Inc. 2.300%, 07/16/19 1,500 1,512,825 AmerisourceBergen Corp. 4.875%, 11/15/19 2,000 2,133,130 Apple, Inc. 1.100%, 08/02/19 4,045 4,006,823 1.900%, 02/07/20 36,000 36,197,316 DFA COMMODITY STRATEGY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Assurant, Inc. 2.500%, 03/15/18 203 $ 204,200 AT&T, Inc. 1.400%, 12/01/17 3,400 3,398,861 2.300%, 03/11/19 575 579,053 Bank of America Corp. 2.600%, 01/15/19 4,000 4,041,064 Bank of New York Mellon Corp. (The) 2.100%, 01/15/19 1,000 1,006,158 BB&T Corp. 1.450%, 01/12/18 170 169,968 Berkshire Hathaway, Inc. 1.550%, 02/09/18 2,500 2,502,427 2.100%, 08/14/19 2,800 2,827,446 Boston Scientific Corp. 2.650%, 10/01/18 1,000 1,009,589 Branch Banking & Trust Co. 2.300%, 10/15/18 1,000 1,007,564 Bristol-Myers Squibb Co. 0.875%, 08/01/17 1,685 1,685,000 Burlington Northern Santa Fe LLC 4.700%, 10/01/19 250 265,640 CA, Inc. 5.375%, 12/01/19 5,245 5,626,485 Capital One Bank USA NA 2.300%, 06/05/19 1,242 1,246,429 Capital One NA/Mclean 2.400%, 09/05/19 6,536 6,577,438 Caterpillar Financial Services Corp. 2.450%, 09/06/18 6,000 6,055,560 7.050%, 10/01/18 5,000 5,317,565 CBS Corp. 2.300%, 08/15/19 1,500 1,510,488 Chevron Corp. 1.345%, 11/15/17 3,435 3,434,279 1.718%, 06/24/18 1,425 1,427,933 2.193%, 11/15/19 15,000 15,156,060 1.961%, 03/03/20 8,000 8,036,112 Cisco Systems, Inc. 1.400%, 02/28/18 9,958 9,963,407 2.125%, 03/01/19 10,000 10,093,770 1.400%, 09/20/19 14,935 14,876,634 Citigroup, Inc. 2.050%, 12/07/18 7,281 7,309,447 2.550%, 04/08/19 750 757,817 Comcast Corp. 5.700%, 05/15/18 732 755,813 Comerica, Inc. 2.125%, 05/23/19 4,000 4,002,732 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) ConocoPhillips Co. 1.050%, 12/15/17 3,000 $ 2,995,299 1.500%, 05/15/18 3,500 3,503,363 CVS Health Corp. 2.250%, 12/05/18 6,500 6,544,356 Danaher Corp. 1.650%, 09/15/18 324 324,461 Dollar General Corp. 1.875%, 04/15/18 2,334 2,335,293 Duke Energy Corp. 1.625%, 08/15/17 1,019 1,019,105 Eastman Chemical Co. 2.700%, 01/15/20 3,883 3,931,980 EI du Pont de Nemours & Co. 6.000%, 07/15/18 10,927 11,379,389 Enterprise Products Operating LLC 1.650%, 05/07/18 3,500 3,498,670 Exxon Mobil Corp. 1.439%, 03/01/18 8,200 8,208,085 1.305%, 03/06/18 19,430 19,420,363 1.912%, 03/06/20 3,950 3,967,115 Ford Motor Credit Co. LLC 5.000%, 05/15/18 1,500 1,537,329 2.551%, 10/05/18 5,000 5,037,645 General Mills, Inc. 2.200%, 10/21/19 3,500 3,529,802 General Motors Financial Co., Inc. 3.150%, 01/15/20 5,000 5,104,000 Gilead Sciences, Inc. 1.850%, 09/04/18 3,558 3,570,983 Goldman Sachs Group, Inc. (The) 7.500%, 02/15/19 4,082 4,424,357 2.300%, 12/13/19 600 603,479 Harley-Davidson Financial Services, Inc. ## 2.150%, 02/26/20 585 584,204 Harris Corp. 1.999%, 04/27/18 8,000 8,012,280 Huntington Bancshares, Inc. 2.600%, 08/02/18 2,600 2,623,754 Intel Corp. 1.350%, 12/15/17 1,000 1,000,064 International Business Machines Corp. # 1.950%, 02/12/19 22,500 22,610,475 Jefferies Group LLC 5.125%, 04/13/18 1,000 1,022,428 JPMorgan Chase & Co. 2.000%, 08/15/17 7,050 7,051,551 6.300%, 04/23/19 3,500 3,763,473 KeyBank NA 2.350%, 03/08/19 7,000 7,061,642 DFA COMMODITY STRATEGY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Kroger Co. (The) 2.300%, 01/15/19 1,000 $ 1,006,076 1.500%, 09/30/19 1,565 1,547,223 Laboratory Corp. of America Holdings 2.200%, 08/23/17 6,000 6,001,758 Mattel, Inc. 1.700%, 03/15/18 7,000 6,995,737 Maxim Integrated Products, Inc. 2.500%, 11/15/18 4,417 4,454,302 McDonald's Corp. 5.800%, 10/15/17 900 907,654 5.350%, 03/01/18 2,000 2,045,170 # 2.100%, 12/07/18 8,000 8,049,552 McKesson Corp. 1.400%, 03/15/18 614 613,513 2.284%, 03/15/19 5,500 5,544,385 Merck & Co., Inc. 1.850%, 02/10/20 15,500 15,547,399 MetLife, Inc. 7.717%, 02/15/19 1,389 1,513,641 Microsoft Corp. 1.100%, 08/08/19 10,000 9,919,200 1.850%, 02/12/20 7,000 7,029,456 Molson Coors Brewing Co. ## 2.250%, 03/15/20 4,577 4,591,559 Mondelez International, Inc. 1.625%, 10/28/19 2,000 1,985,246 Monsanto Co. 1.850%, 11/15/18 6,700 6,700,141 Morgan Stanley 7.300%, 05/13/19 6,000 6,550,338 NetApp, Inc. 2.000%, 12/15/17 5,700 5,700,308 NextEra Energy Capital Holdings, Inc. 2.700%, 09/15/19 1,500 1,520,680 NiSource Finance Corp. 6.800%, 01/15/19 307 327,787 Novartis Capital Corp. 4.400%, 04/24/20 9,500 10,160,782 Nucor Corp. 5.750%, 12/01/17 3,019 3,057,915 NYSE Holdings LLC 2.000%, 10/05/17 230 230,200 ONEOK Partners L.P. 2.000%, 10/01/17 400 400,045 Oracle Corp. 2.250%, 10/08/19 31,780 32,199,591 PACCAR Financial Corp. 1.750%, 08/14/18 1,900 1,905,934 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Pfizer, Inc. 1.500%, 06/15/18 1,000 $ 1,000,269 2.100%, 05/15/19 30,877 31,196,947 Philip Morris International, Inc. 5.650%, 05/16/18 5,755 5,940,702 1.875%, 01/15/19 5,000 5,013,660 Provident Cos., Inc. 7.000%, 07/15/18 3,298 3,459,200 Prudential Financial, Inc. 6.000%, 12/01/17 518 525,359 QUALCOMM, Inc. 1.400%, 05/18/18 1,000 999,472 Republic Services, Inc. 5.500%, 09/15/19 1,167 1,253,119 Reynolds American, Inc. 2.300%, 06/12/18 1,606 1,613,619 Roper Technologies, Inc. 2.050%, 10/01/18 1,500 1,505,259 Ryder System, Inc. 2.550%, 06/01/19 1,500 1,516,657 Scripps Networks Interactive, Inc. 2.750%, 11/15/19 1,500 1,516,222 Southern Co. (The) 1.300%, 08/15/17 3,000 2,999,970 2.450%, 09/01/18 2,324 2,340,912 Southwest Airlines Co. 2.750%, 11/06/19 5,480 5,569,319 Stryker Corp. 1.300%, 04/01/18 600 599,064 2.000%, 03/08/19 8,000 8,032,136 SunTrust Banks, Inc. 2.500%, 05/01/19 7,735 7,815,831 Target Corp. 2.300%, 06/26/19 10,000 10,138,830 TD Ameritrade Holding Corp. 5.600%, 12/01/19 1,000 1,082,025 Thermo Fisher Scientific, Inc. 2.400%, 02/01/19 3,000 3,024,447 Total System Services, Inc. 2.375%, 06/01/18 5,500 5,518,161 Toyota Motor Credit Corp. 2.150%, 03/12/20 5,550 5,593,567 UnitedHealth Group, Inc. 1.400%, 12/15/17 956 955,793 1.625%, 03/15/19 3,000 2,997,576 US Bank NA 1.400%, 04/26/19 11,300 11,255,128 2.125%, 10/28/19 5,000 5,040,490 Verizon Communications, Inc. 3.650%, 09/14/18 5,000 5,111,285 1.375%, 08/15/19 2,000 1,985,404 DFA COMMODITY STRATEGY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ --------- -------------- UNITED STATES -- (Continued) 2.625%, 02/21/20 2,193 $ 2,231,921 Walgreens Boots Alliance, Inc. 2.700%, 11/18/19 470 478,471 Walt Disney Co. (The) 1.500%, 09/17/18 1,255 1,255,003 Wells Fargo & Co. 1.500%, 01/16/18 700 700,300 Whirlpool Co. 1.650%, 11/01/17 7,000 7,000,714 Zoetis, Inc. 1.875%, 02/01/18 6,564 6,564,965 -------------- TOTAL UNITED STATES 624,046,582 -------------- TOTAL BONDS 1,063,612,540 -------------- U.S. TREASURY OBLIGATIONS -- (32.0%) U.S. Treasury Notes 1.375%, 06/30/18 109,000 109,144,752 1.500%, 10/31/19 35,000 35,091,595 1.000%, 11/15/19 136,000 134,788,784 1.125%, 04/30/20 50,000 49,548,850 1.375%, 05/31/20 181,000 180,462,611 -------------- TOTAL U.S. TREASURY OBLIGATIONS 509,036,592 -------------- TOTAL INVESTMENT SECURITIES 1,572,649,132 -------------- SHARES --------- SECURITIES LENDING COLLATERAL -- (1.2%) (S)@ DFA Short Term Investment Fund 1,714,353 19,838,496 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,591,703,160)^^ $1,592,487,628 ============== DFA COMMODITY STRATEGY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- -------------- ------- -------------- Bonds Australia -- $ 73,242,379 -- $ 73,242,379 Canada -- 99,794,721 -- 99,794,721 Finland -- 6,122,195 -- 6,122,195 France -- 31,355,828 -- 31,355,828 Germany -- 26,955,585 -- 26,955,585 Ireland -- 4,117,969 -- 4,117,969 Italy -- 8,467,535 -- 8,467,535 Japan -- 42,419,632 -- 42,419,632 Netherlands -- 55,182,069 -- 55,182,069 Norway -- 11,493,402 -- 11,493,402 Spain -- 8,945,231 -- 8,945,231 Supranational Organization Obligations -- 7,025,340 -- 7,025,340 Sweden -- 40,132,877 -- 40,132,877 Switzerland -- 10,929,758 -- 10,929,758 United Kingdom -- 13,381,437 -- 13,381,437 United States -- 624,046,582 -- 624,046,582 U.S. Treasury Obligations -- 509,036,592 -- 509,036,592 Securities Lending Collateral -- 19,838,496 -- 19,838,496 Swap Agreements** -- 2,612,835 -- 2,612,835 Futures Contracts** $2,948,440 -- -- 2,948,440 Forward Currency Contracts** -- (18,975) -- (18,975) ---------- -------------- -- -------------- TOTAL $2,948,440 $1,595,081,488 -- $1,598,029,928 ========== ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA ONE-YEAR FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ -------- ------------ AGENCY OBLIGATIONS -- (8.0%) Federal Home Loan Bank 0.875%, 10/01/18 $ 52,500 $ 52,211,408 1.750%, 12/14/18 70,730 71,111,093 1.250%, 01/16/19 40,000 39,946,320 1.500%, 03/08/19 30,000 30,085,230 1.375%, 03/18/19 5,000 5,001,890 1.375%, 05/28/19 20,000 19,999,060 1.625%, 06/14/19 33,300 33,410,589 Federal Home Loan Mortgage Corp. 0.875%, 10/12/18 55,000 54,712,900 Federal National Mortgage Association 1.875%, 09/18/18 140,000 140,918,120 1.125%, 10/19/18 70,000 69,836,900 1.125%, 12/14/18 65,000 64,807,470 1.375%, 01/28/19 14,500 14,505,061 ------------ TOTAL AGENCY OBLIGATIONS 596,546,041 ------------ BONDS -- (71.6%) African Development Bank 1.625%, 10/02/18 9,000 9,018,756 # 1.000%, 11/02/18 6,550 6,515,521 1.000%, 05/15/19 367 363,666 Agence Francaise de Developpement 1.625%, 10/04/17 22,250 22,250,000 1.375%, 08/02/19 11,200 11,107,432 Apple, Inc. # 1.300%, 02/23/18 17,000 16,998,691 1.000%, 05/03/18 14,245 14,205,071 # 1.550%, 02/08/19 23,884 23,898,068 1.700%, 02/22/19 4,000 4,013,084 2.100%, 05/06/19 5,000 5,052,160 Apple, Inc. Floating Rate Note (r) 1.561%, 05/03/18 9,771 9,792,760 #(r) 1.259%, 02/08/19 29,550 29,572,399 (r) 1.479%, 05/06/19 15,600 15,674,162 Asian Development Bank 0.875%, 04/26/18 19,000 18,939,846 1.875%, 10/23/18 10,000 10,058,940 Australia & New Zealand Banking Group, Ltd. 1.875%, 10/06/17 29,400 29,428,224 1.450%, 05/15/18 3,501 3,497,692 2.000%, 11/16/18 12,359 12,416,852 Australia & New Zealand Banking Group, Ltd. Floating Rate Note (r)## 1.930%, 11/16/18 43,530 43,850,642 Bank Nederlandse Gemeenten NV 1.375%, 09/27/17 20,000 20,003,140 ## 1.000%, 02/12/18 31,130 31,072,409 FACE AMOUNT (000) VALUE+ ------- ----------- 1.375%, 03/19/18 $15,500 $15,496,962 ### 1.125%, 05/25/18 18,500 18,453,010 ## 1.000%, 09/20/18 24,500 24,360,350 1.375%, 01/28/19 45,000 44,874,945 ## 1.500%, 02/15/19 12,082 12,070,643 1.500%, 02/15/19 20,600 20,580,018 1.875%, 06/11/19 21,604 21,708,563 Bank of Montreal 1.400%, 09/11/17 28,750 28,751,351 # 1.400%, 04/10/18 5,000 4,996,770 1.350%, 08/28/18 4,000 3,988,220 Bank of Montreal Floating Rate Note (r) 1.682%, 09/01/17 48,700 48,720,892 (r) 1.904%, 04/09/18 15,000 15,046,605 Bank of Nova Scotia (The) # 2.050%, 10/30/18 47,000 47,234,248 Bank of Nova Scotia (The) Floating Rate Note #(r) 1.698%, 06/11/18 7,215 7,237,367 Berkshire Hathaway Finance Corp. 1.450%, 03/07/18 16,900 16,914,061 Berkshire Hathaway Finance Corp. Floating Rate Note (r) 1.604%, 01/12/18 16,000 16,023,936 (r) 1.770%, 03/07/18 63,782 64,017,674 Berkshire Hathaway, Inc. Floating Rate Note (r) 1.329%, 08/06/18 12,084 12,097,425 Caisse d'Amortissement de la Dette Sociale ## 1.500%, 01/28/19 20,000 19,972,800 1.500%, 01/28/19 36,512 36,453,289 Caisse d'Amortissement de la Dette Sociale Floating Rate Note (r)## 1.626%, 03/15/18 50,000 49,989,850 Caisse des Depots et Consignations 1.125%, 11/13/17 3,400 3,395,600 1.250%, 06/04/18 15,000 14,954,895 Chevron Corp. 1.344%, 11/09/17 14,725 14,726,826 1.365%, 03/02/18 58,237 58,222,324 1.790%, 11/16/18 26,037 26,136,800 # 1.686%, 02/28/19 12,240 12,272,363 1.561%, 05/16/19 26,400 26,396,172 Chevron Corp. Floating Rate Note (r) 1.680%, 05/16/18 15,192 15,248,818 (r) 1.690%, 11/16/18 5,000 5,031,335 (r) 1.290%, 02/28/19 15,350 15,358,581 Cisco Systems, Inc. 1.400%, 02/28/18 55,271 55,301,012 # 1.650%, 06/15/18 28,914 28,966,652 # 2.125%, 03/01/19 34,580 34,904,257 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- Commonwealth Bank of Australia 1.900%, 09/18/17 $17,227 $17,233,719 1.625%, 03/12/18 1,500 1,501,470 ## 1.375%, 09/06/18 40,990 40,869,817 # 1.375%, 09/06/18 7,000 6,979,476 2.500%, 09/20/18 57,978 58,526,298 1.750%, 11/02/18 3,200 3,201,862 2.250%, 03/13/19 7,400 7,457,261 Commonwealth Bank of Australia Floating Rate Note (r)## 2.101%, 11/02/18 14,075 14,186,375 (r) 2.306%, 03/15/19 22,515 22,785,473 Cooperatieve Rabobank UA # 1.700%, 03/19/18 8,100 8,111,081 2.250%, 01/14/19 40,680 41,049,578 Council Of Europe Development Bank # 1.000%, 02/04/19 12,000 11,908,680 # 1.500%, 05/17/19 58,200 58,202,619 Dexia Credit Local SA 2.250%, 01/30/19 9,706 9,770,030 Erste Abwicklungsanstalt 1.000%, 10/13/17 8,200 8,194,063 1.250%, 03/15/18 15,000 14,967,000 European Bank for Reconstruction & Development # 1.625%, 11/15/18 60,761 60,870,856 European Investment Bank # 1.125%, 08/15/18 49,500 49,360,410 # 1.625%, 12/18/18 10,000 10,024,080 # 1.875%, 03/15/19 68,900 69,329,798 2.125%, 03/15/19 29,372 29,669,127 # 1.250%, 05/15/19 50,500 50,276,537 Export Development Canada 1.500%, 10/03/18 10,000 10,009,830 1.000%, 11/01/18 9,000 8,954,037 Exxon Mobil Corp. # 1.439%, 03/01/18 84,390 84,473,209 1.708%, 03/01/19 21,000 21,050,400 Exxon Mobil Corp. Floating Rate Note #(r) 1.800%, 02/28/18 19,109 19,178,671 #(r) 1.252%, 03/01/18 93,475 93,484,347 General Electric Co. # 5.625%, 09/15/17 10,000 10,049,630 # 5.250%, 12/06/17 38,610 39,120,926 1.625%, 04/02/18 6,800 6,811,526 5.625%, 05/01/18 71,827 74,048,034 # 2.300%, 01/14/19 2,500 2,524,933 General Electric Co. Floating Rate Note (r) 1.449%, 08/07/18 5,000 5,010,825 FACE AMOUNT (000) VALUE+ -------- ------------ Inter-American Development Bank 0.875%, 03/15/18 $ 16,555 $ 16,509,672 Inter-American Development Bank Floating Rate Note (r) 1.273%, 11/26/18 11,151 11,145,291 International Bank for Reconstruction & Development 1.000%, 10/05/18 22,000 21,895,764 1.875%, 03/15/19 50,000 50,314,300 International Business Machines Corp. # 1.250%, 02/08/18 11,515 11,506,490 Japan Finance Organization for Municipalities 1.500%, 09/12/17 15,308 15,302,581 Kommunalbanken A.S. 1.000%, 03/15/18 6,000 5,985,540 1.125%, 05/23/18 14,500 14,463,373 ## 1.125%, 05/23/18 1,700 1,695,801 2.125%, 03/15/19 77,140 77,817,289 1.750%, 05/28/19 42,700 42,809,995 Kommunalbanken A.S. Floating Rate Note (r) 1.352%, 02/20/18 19,026 19,042,553 Kommunekredit 1.125%, 01/16/18 11,700 11,687,013 1.125%, 03/15/18 3,778 3,771,880 1.500%, 01/15/19 4,000 3,996,908 Kommuninvest I Sverige AB 1.000%, 01/29/18 38,000 37,935,628 1.125%, 10/09/18 35,860 35,708,097 1.000%, 11/13/18 33,000 32,808,105 Kommuninvest I Sverige AB Floating Rate Note (r) 1.319%, 08/17/18 19,000 19,023,560 Kreditanstalt fuer Wiederaufbau 1.000%, 09/07/18 18,000 17,924,598 1.125%, 11/16/18 6,000 5,979,210 1.500%, 02/06/19 147,290 147,384,266 1.875%, 04/01/19 39,800 40,058,421 Landeskreditbank Baden-Wuerttemberg Foerderbank 1.000%, 04/23/18 8,750 8,724,013 1.625%, 02/01/19 18,125 18,155,106 Landwirtschaftliche Rentenbank # 1.750%, 04/15/19 12,500 12,556,787 Manitoba, Province of Canada 1.750%, 05/30/19 9,000 9,013,257 Merck & Co., Inc. Floating Rate Note (r) 1.541%, 05/18/18 19,430 19,483,627 Microsoft Corp. # 1.300%, 11/03/18 12,709 12,697,422 4.200%, 06/01/19 5,000 5,240,345 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ -------- ------------ Municipality Finance P.L.C. 1.125%, 04/17/18 $ 18,375 $ 18,337,368 ## 1.250%, 09/10/18 104,500 104,219,835 1.250%, 09/10/18 48,520 48,389,918 1.250%, 04/18/19 5,150 5,118,400 1.750%, 05/21/19 23,800 23,859,500 National Australia Bank, Ltd. 1.875%, 07/23/18 20,180 20,242,760 National Australia Bank, Ltd. Floating Rate Note (r)## 1.953%, 07/23/18 12,450 12,510,134 (r) 1.953%, 07/23/18 8,750 8,792,263 (r) 2.084%, 01/14/19 2,500 2,519,623 (r)## 1.551%, 07/25/19 50,000 49,980,600 Nederlandse Waterschapsbank NV 1.250%, 01/16/18 36,000 35,981,928 ## 1.500%, 04/16/18 4,200 4,202,419 0.875%, 07/13/18 10,000 9,947,120 ### 1.500%, 01/23/19 69,150 69,095,856 1.875%, 03/13/19 67,703 68,011,523 Nordea Bank AB ## 1.875%, 09/17/18 3,118 3,123,369 1.875%, 09/17/18 982 983,691 Nordea Bank AB Floating Rate Note (r)## 2.107%, 09/17/18 14,410 14,532,586 (r) 2.107%, 09/17/18 3,000 3,025,521 Nordic Investment Bank 1.125%, 03/19/18 21,000 20,974,380 0.875%, 09/27/18 9,500 9,440,150 NRW Bank 1.375%, 08/20/18 25,000 24,964,675 1.250%, 10/01/18 4,954 4,938,127 Oesterreichische Kontrollbank AG 1.125%, 05/29/18 24,400 24,347,930 1.625%, 03/12/19 6,000 6,006,534 1.125%, 04/26/19 22,926 22,751,602 Ontario, Province of Canada 3.150%, 12/15/17 5,459 5,495,089 # 3.000%, 07/16/18 15,060 15,275,042 2.000%, 09/27/18 61,780 62,111,820 # 1.625%, 01/18/19 15,000 15,009,465 2.000%, 01/30/19 33,297 33,500,012 1.250%, 06/17/19 39,780 39,488,731 Oracle Corp. 2.375%, 01/15/19 4,100 4,152,037 Oracle Corp. Floating Rate Note (r) 1.884%, 01/15/19 1,000 1,007,490 Pfizer, Inc. # 1.200%, 06/01/18 110,000 109,779,120 2.100%, 05/15/19 28,742 29,039,825 FACE AMOUNT (000) VALUE+ -------- ------------ Precision Castparts Corp. # 1.250%, 01/15/18 $ 10,000 $ 9,990,600 Province of Ontario Canada # 1.200%, 02/14/18 42,000 41,956,362 Quebec, Province of Canada 4.625%, 05/14/18 15,491 15,872,388 Quebec, Province of Canada Floating Rate Note (r) 1.587%, 07/21/19 48,000 48,197,856 Royal Bank of Canada # 1.500%, 06/07/18 59,000 58,947,962 2.200%, 07/27/18 33,318 33,520,240 # 1.800%, 07/30/18 11,915 11,943,119 2.000%, 12/10/18 11,635 11,691,313 2.150%, 03/15/19 8,000 8,059,784 1.625%, 04/15/19 3,000 2,993,739 Royal Bank of Canada Floating Rate Note (r) 1.711%, 10/31/18 45,000 45,081,495 (r) 1.754%, 01/10/19 3,000 3,011,841 Sanofi 1.250%, 04/10/18 9,963 9,951,941 Shell International Finance BV 1.900%, 08/10/18 17,000 17,062,050 1.625%, 11/10/18 29,100 29,117,605 2.000%, 11/15/18 11,517 11,581,622 # 1.375%, 05/10/19 15,000 14,951,625 Shell International Finance BV Floating Rate Note (r) 1.765%, 11/10/18 5,560 5,595,751 State of North Rhine-Westphalia Germany 1.125%, 11/21/17 22,300 22,279,261 1.375%, 01/30/19 3,500 3,485,430 State of North Rhine-Westphalia Germany Floating Rate Note (r) 1.356%, 11/23/18 161,900 162,173,611 Statoil ASA 1.250%, 11/09/17 5,000 4,996,170 # 1.200%, 01/17/18 5,170 5,163,393 1.150%, 05/15/18 8,200 8,175,605 # 1.950%, 11/08/18 14,520 14,568,657 Statoil ASA Floating Rate Note #(r) 1.472%, 05/15/18 5,835 5,845,993 Svensk Exportkredit AB 1.125%, 04/05/18 91,060 90,890,902 1.250%, 04/12/19 6,500 6,465,700 1.875%, 06/17/19 6,800 6,835,489 Svensk Exportkredit AB Floating Rate Note (r) 1.401%, 10/04/18 24,630 24,646,428 Svenska Handelsbanken AB 2.500%, 01/25/19 39,923 40,369,020 2.250%, 06/17/19 1,210 1,219,462 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- -------------- Swedbank AB ### 2.375%, 02/27/19 $15,000 $ 15,117,435 Toronto-Dominion Bank (The) # 1.400%, 04/30/18 86,471 86,434,423 # 1.750%, 07/23/18 11,785 11,811,988 1.450%, 09/06/18 28,000 27,974,324 # 2.625%, 09/10/18 44,926 45,451,365 1.950%, 01/22/19 36,548 36,704,901 Toronto-Dominion Bank (The) Floating Rate Note (r) 2.153%, 01/22/19 5,000 5,050,305 Total Capital International SA # 2.125%, 01/10/19 13,000 13,102,908 Total Capital International SA Floating Rate Note (r) 1.617%, 06/19/19 4,633 4,658,792 Total Capital SA 2.125%, 08/10/18 6,000 6,041,040 Toyota Motor Credit Corp. 1.550%, 07/13/18 3,450 3,452,208 2.000%, 10/24/18 8,865 8,918,190 # 1.700%, 01/09/19 42,001 42,082,734 2.100%, 01/17/19 12,100 12,205,548 1.700%, 02/19/19 9,318 9,340,932 1.400%, 05/20/19 29,700 29,600,802 Toyota Motor Credit Corp. Floating Rate Note (r) 1.682%, 04/06/18 15,000 15,034,290 (r) 1.764%, 07/13/18 1,995 2,003,170 #(r) 1.412%, 08/15/18 30,000 30,062,370 (r) 1.564%, 01/09/19 22,158 22,221,261 (r) 1.694%, 01/17/19 14,300 14,360,846 #(r) 1.998%, 02/19/19 7,347 7,431,513 USAA Capital Corp. Floating Rate Note (r)## 1.541%, 02/01/19 42,350 42,416,701 Wal-Mart Stores, Inc. # 1.125%, 04/11/18 37,000 36,949,495 Westpac Banking Corp. 1.550%, 05/25/18 9,257 9,256,278 2.250%, 07/30/18 19,869 19,993,976 1.950%, 11/23/18 17,521 17,569,708 2.250%, 01/17/19 79,463 80,097,433 Westpac Banking Corp. Floating Rate Note (r) 2.051%, 07/30/18 46,084 46,353,637 #(r) 1.926%, 11/23/18 22,189 22,356,438 (r)## 1.428%, 04/26/19 21,000 20,991,222 -------------- TOTAL BONDS 5,330,308,089 -------------- FACE AMOUNT (000) VALUE+ -------- -------------- U.S. TREASURY OBLIGATIONS -- (8.1%) U.S. Treasury Notes 1.250%, 11/15/18 $ 39,400 $ 39,375,375 1.250%, 11/30/18 185,000 184,884,375 1.250%, 12/15/18 70,000 69,945,330 1.250%, 12/31/18 20,000 19,987,500 1.375%, 12/31/18 115,000 115,112,355 1.125%, 01/15/19 35,000 34,905,675 1.250%, 01/31/19 120,000 119,873,400 1.500%, 02/28/19 15,000 15,039,255 -------------- TOTAL U.S. TREASURY OBLIGATIONS 599,123,265 -------------- TOTAL INVESTMENT SECURITIES 6,525,977,395 -------------- CERTIFICATES OF DEPOSIT -- (3.9%) Bank of Montreal 1.950%, 03/16/18 26,000 25,995,788 Cooperatieve Rabobank UA 1.680%, 08/16/17 30,000 30,006,720 Nordea Bank AB 1.560%, 03/07/19 100,000 99,968,300 1.584%, 04/10/19 37,000 36,987,642 Nordea Bank Finland P.L.C. 1.610%, 05/02/18 40,000 39,916,400 1.629%, 11/07/18 20,000 19,995,020 Royal Bank of Canada 1.987%, 03/22/18 40,000 40,042,960 -------------- TOTAL CERTIFICATES OF DEPOSIT 292,912,830 -------------- COMMERCIAL PAPER -- (5.9%) Bank of Nova Scotia (The) 1.580%, 02/28/19 75,000 74,976,675 Caisse des Depots et Consignations 1.200%, 09/18/17 50,000 49,917,108 NRW Bank 1.080%, 08/08/17 40,000 39,989,787 1.250%, 09/21/17 40,000 39,930,609 Sanofi 1.210%, 09/22/17 40,000 39,934,928 Svensk Exportkredit AB 1.180%, 08/18/17 30,000 29,983,770 Svenska Handelsbanken AB 1.506%, 01/03/19 15,500 15,495,629 DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ----------- -------------- 1.581%, 02/12/19 $ 149,500 $ 149,454,701 -------------- TOTAL COMMERCIAL PAPER 439,683,207 -------------- SHARES ----------- TEMPORARY CASH INVESTMENTS -- (0.9%) State Street Institutional U.S. Government Money Market Fund, 0.940% 66,365,381 66,365,381 -------------- SECURITIES LENDING COLLATERAL -- (1.6%) (S)@ DFA Short Term Investment Fund 10,173,603 117,728,937 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $7,446,053,524)^^ $7,442,667,750 ============== DFA ONE-YEAR FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Agency Obligations -- $ 596,546,041 -- $ 596,546,041 Bonds -- 5,330,308,089 -- 5,330,308,089 U.S. Treasury Obligations -- 599,123,265 -- 599,123,265 Certificates of Deposit -- 292,912,830 -- 292,912,830 Commercial Paper -- 439,683,207 -- 439,683,207 Temporary Cash Investments $66,365,381 -- -- 66,365,381 Securities Lending Collateral -- 117,728,937 -- 117,728,937 ----------- -------------- -- -------------- TOTAL $66,365,381 $7,376,302,369 -- $7,442,667,750 =========== ============== == ============== DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ------------ BONDS -- (88.5%) AUSTRALIA -- (6.7%) Australia & New Zealand Banking Group, Ltd. 2.000%, 11/16/18 15,063 $ 15,133,510 2.250%, 06/13/19 40,585 40,976,767 1.600%, 07/15/19 1,315 1,309,323 Commonwealth Bank of Australia ## 1.375%, 09/06/18 30,114 30,025,706 2.500%, 09/20/18 19,674 19,860,057 1.750%, 11/02/18 15,130 15,138,806 2.250%, 03/13/19 1,004 1,011,769 5.000%, 10/15/19 19,000 20,206,614 ## 2.250%, 03/10/20 10,000 10,050,370 National Australia Bank, Ltd. 1.875%, 07/23/18 5,800 5,818,038 2.300%, 07/25/18 5,300 5,338,372 2.250%, 07/01/19 18,070 18,210,422 ## 2.400%, 12/09/19 2,492 2,511,831 2.125%, 05/22/20 14,706 14,747,177 Westpac Banking Corp. 1.550%, 05/25/18 5,361 5,360,582 2.250%, 07/30/18 21,369 21,503,411 1.950%, 11/23/18 14,179 14,218,417 2.250%, 01/17/19 89,010 89,720,656 2.150%, 03/06/20 5,000 5,024,840 ------------ TOTAL AUSTRALIA 336,166,668 ------------ AUSTRIA -- (1.8%) Oesterreichische Kontrollbank AG 1.125%, 05/29/18 5,500 5,488,263 1.125%, 04/26/19 28,726 28,507,482 1.750%, 01/24/20 32,380 32,449,811 # 1.375%, 02/10/20 24,660 24,468,811 ------------ TOTAL AUSTRIA 90,914,367 ------------ BELGIUM -- (0.2%) Dexia Credit Local SA 2.250%, 01/30/19 10,944 11,016,198 ------------ CANADA -- (19.4%) Alberta, Province of Canada 2.000%, 06/01/19 CAD 75,000 60,694,806 1.900%, 12/06/19 16,600 16,640,056 Bank of Montreal 1.400%, 04/10/18 -- -- 1.350%, 08/28/18 49,115 48,970,356 2.100%, 12/12/19 6,015 6,045,725 Bank of Nova Scotia (The) 2.050%, 10/30/18 54,555 54,826,902 1.950%, 01/15/19 14,363 14,414,305 2.050%, 06/05/19 10,000 10,052,000 FACE AMOUNT^ (000) VALUE+ ------- ------------ CANADA -- (Continued) 1.650%, 06/14/19 15,000 $ 14,966,370 British Columbia, Province of Canada 2.250%, 03/01/19 CAD 55,000 44,687,307 Canada Housing Trust No 1 ## 1.950%, 06/15/19 CAD 183,000 148,156,976 Canadian Government Bond 3.750%, 06/01/19 CAD 25,000 20,932,224 CPPIB Capital, Inc. 1.100%, 06/10/19 CAD 45,000 35,813,395 Export Development Canada 1.500%, 10/03/18 14,200 14,213,959 1.000%, 11/01/18 5,475 5,447,039 1.250%, 02/04/19 5,000 4,984,840 Manitoba, Province of Canada 1.750%, 05/30/19 6,000 6,008,838 Ontario, Province of Canada 1.625%, 01/18/19 67,683 67,725,708 2.000%, 01/30/19 40,000 40,243,880 4.400%, 06/02/19 CAD 43,000 36,287,275 Province of Ontario Canada 4.000%, 10/07/19 4,500 4,714,555 Quebec, Province of Canada 4.625%, 05/14/18 792 811,499 Royal Bank of Canada 1.500%, 06/07/18 1,085 1,084,043 1.800%, 07/30/18 -- -- 2.000%, 12/10/18 5,765 5,792,903 2.150%, 03/15/19 21,757 21,919,590 1.625%, 04/15/19 21,759 21,713,589 2.980%, 05/07/19 CAD 31,500 25,795,260 2.125%, 03/02/20 38,000 38,192,546 2.150%, 03/06/20 18,715 18,801,763 1.920%, 07/17/20 CAD 10,000 7,990,936 Saskatchewan, Province of Canada 1.950%, 03/01/19 CAD 30,000 24,249,288 Toronto-Dominion Bank (The) 1.450%, 09/06/18 33,820 33,788,987 2.625%, 09/10/18 23,871 24,150,147 1.950%, 01/22/19 50,362 50,578,204 2.447%, 04/02/19 CAD 27,000 21,911,201 2.250%, 11/05/19 15,000 15,147,840 Toyota Credit Canada, Inc. 2.250%, 05/23/19 CAD 12,238 9,887,578 ------------ TOTAL CANADA 977,641,890 ------------ DENMARK -- (1.5%) Kommunekredit 1.250%, 08/27/18 54,500 54,377,702 1.500%, 01/15/19 10,000 9,992,270 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ------------ DENMARK -- (Continued) Nordea Bank AB ## 1.625%, 05/15/18 5,741 $ 5,745,082 2.375%, 04/04/19 6,986 7,034,112 ------------ TOTAL DENMARK 77,149,166 ------------ FINLAND -- (1.9%) Municipality Finance P.L.C. ## 1.250%, 09/10/18 28,800 28,722,787 1.250%, 09/10/18 10,280 10,252,439 1.250%, 04/18/19 5,000 4,969,320 1.750%, 05/21/19 44,900 45,012,250 1.500%, 03/23/20 7,944 7,898,354 ------------ TOTAL FINLAND 96,855,150 ------------ FRANCE -- (3.9%) Agence Francaise de Developpement 1.375%, 08/02/19 12,600 12,495,861 1.625%, 01/21/20 70,000 69,538,000 Caisse d'Amortissement de la Dette Sociale 1.500%, 01/28/19 52,018 51,934,355 ## 1.500%, 01/28/19 24,000 23,967,360 1.875%, 01/13/20 1,200 1,204,085 Caisse des Depots et Consignations 1.500%, 11/13/18 12,600 12,573,011 Total Capital International SA 2.125%, 01/10/19 19,912 20,069,623 2.100%, 06/19/19 1,200 1,210,175 Total Capital SA 2.125%, 08/10/18 1,699 1,710,621 ------------ TOTAL FRANCE 194,703,091 ------------ GERMANY -- (6.9%) Erste Abwicklungsanstalt 1.125%, 02/12/18 37,000 36,913,235 1.250%, 03/15/18 9,200 9,179,760 1.625%, 02/21/19 29,000 28,962,474 FMS Wertmanagement AoeR 1.625%, 11/20/18 20,000 20,045,260 1.750%, 01/24/20 24,450 24,520,587 Kreditanstalt fuer Wiederaufbau 1.000%, 09/07/18 73,300 72,992,946 1.125%, 11/16/18 39,000 38,864,865 1.500%, 02/06/19 28,250 28,268,080 Landeskreditbank Baden-Wuerttemberg Foerderbank 1.625%, 02/01/19 12,025 12,044,974 Landwirtschaftliche Rentenbank 1.875%, 09/17/18 10,000 10,053,200 1.750%, 04/15/19 10,000 10,045,430 FACE AMOUNT^ (000) VALUE+ ------- ------------ GERMANY -- (Continued) NRW Bank 1.375%, 08/20/18 25,019 $ 24,983,648 1.250%, 10/01/18 13,463 13,419,865 State of North Rhine-Westphalia 1.625%, 01/22/20 8,800 8,768,223 State of North Rhine-Westphalia Germany 1.875%, 06/17/19 6,300 6,322,705 ------------ TOTAL GERMANY 345,385,252 ------------ JAPAN -- (2.7%) Japan Finance Organization for Municipalities 1.500%, 09/12/17 14,090 14,085,012 Toyota Motor Credit Corp. 2.000%, 10/24/18 15,349 15,441,094 1.700%, 01/09/19 40,526 40,604,864 2.100%, 01/17/19 11,359 11,458,084 1.700%, 02/19/19 26,967 27,033,366 1.400%, 05/20/19 25,596 25,510,509 ------------ TOTAL JAPAN 134,132,929 ------------ NETHERLANDS -- (9.6%) Bank Nederlandse Gemeenten NV ## 1.000%, 09/20/18 5,000 4,971,500 1.375%, 01/28/19 39,000 38,891,619 ## 1.375%, 01/28/19 5,000 4,986,105 1.500%, 02/15/19 29,900 29,870,997 ## 1.500%, 02/15/19 12,000 11,988,720 1.750%, 03/24/20 47,892 47,901,578 Cooperatieve Rabobank UA 1.700%, 03/19/18 19,578 19,604,783 2.250%, 01/14/19 67,136 67,745,931 2.250%, 01/14/20 4,075 4,107,201 Nederlandse Waterschapsbank NV 0.875%, 07/13/18 3,780 3,760,011 ## 1.500%, 01/23/19 42,600 42,566,644 1.875%, 03/13/19 78,500 78,857,724 1.625%, 03/04/20 20,949 20,863,360 Shell International Finance BV 1.900%, 08/10/18 43,230 43,387,790 1.625%, 11/10/18 35,943 35,964,746 2.000%, 11/15/18 13,961 14,039,335 1.375%, 05/10/19 10,000 9,967,750 1.375%, 09/12/19 2,000 1,989,984 ------------ TOTAL NETHERLANDS 481,465,778 ------------ NORWAY -- (3.7%) Kommunalbanken A.S. 1.125%, 05/23/18 23,450 23,390,765 2.125%, 03/15/19 101,838 102,732,138 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ------------ NORWAY -- (Continued) 1.750%, 05/28/19 8,000 $ 8,020,608 Statoil ASA 1.150%, 05/15/18 9,518 9,489,684 1.950%, 11/08/18 7,316 7,340,516 2.250%, 11/08/19 32,873 33,201,500 ------------ TOTAL NORWAY 184,175,211 ------------ SINGAPORE -- (3.0%) Singapore Government Bond 4.000%, 09/01/18 SGD 60,500 46,024,019 2.500%, 06/01/19 SGD 115,000 86,800,539 1.625%, 10/01/19 SGD 22,000 16,348,006 ------------ TOTAL SINGAPORE 149,172,564 ------------ SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (9.2%) African Development Bank 1.625%, 10/02/18 29,536 29,597,553 1.000%, 11/02/18 17,750 17,656,564 1.000%, 05/15/19 8,750 8,670,506 Asian Development Bank 1.875%, 10/23/18 5,500 5,532,417 1.375%, 01/15/19 13,377 13,364,934 1.875%, 04/12/19 9,150 9,209,365 Council Of Europe Development Bank 1.000%, 02/04/19 21,635 21,470,358 1.500%, 05/17/19 47,914 47,916,156 1.625%, 03/10/20 45,000 44,919,045 European Bank for Reconstruction & Development 1.625%, 11/15/18 98,874 99,052,764 European Investment Bank 1.625%, 12/18/18 32,700 32,778,742 2.125%, 03/15/19 2,000 2,020,232 1.250%, 05/15/19 18,750 18,667,031 1.250%, 12/16/19 24,000 23,806,944 1.625%, 03/16/20 67,750 67,691,261 International Bank for Reconstruction & Development 1.000%, 10/05/18 22,000 21,895,764 ------------ TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS 464,249,636 ------------ SWEDEN -- (6.2%) Kommuninvest I Sverige AB 1.125%, 10/09/18 54,000 53,771,256 1.000%, 11/13/18 14,000 13,918,590 1.500%, 01/22/19 4,000 3,998,092 2.000%, 11/12/19 38,000 38,301,568 1.750%, 03/19/20 35,260 35,315,499 FACE AMOUNT^ (000) VALUE+ ------- ------------ SWEDEN -- (Continued) Svensk Exportkredit AB 1.250%, 04/12/19 8,645 $ 8,599,380 1.875%, 06/17/19 30,100 30,257,092 Svenska Handelsbanken AB 1.875%, 08/29/17 GBP 6,154 8,128,701 1.625%, 03/21/18 10,102 10,108,091 2.500%, 01/25/19 78,987 79,869,443 2.250%, 06/17/19 13,001 13,102,668 1.500%, 09/06/19 7,185 7,133,196 Swedbank AB ## 2.375%, 02/27/19 7,579 7,638,336 ------------ TOTAL SWEDEN 310,141,912 ------------ UNITED KINGDOM -- (1.6%) Network Rail Infrastructure Finance P.L.C. 1.750%, 01/24/19 24,333 24,386,971 Network Rail Infrastructure Finance P.L.C. 0.875%, 05/15/18 59,000 58,733,438 ------------ TOTAL UNITED KINGDOM 83,120,409 ------------ UNITED STATES -- (10.2%) Apple, Inc. 1.550%, 02/08/19 18,928 18,939,149 2.100%, 05/06/19 14,148 14,295,592 1.550%, 02/07/20 9,900 9,873,824 1.900%, 02/07/20 15,000 15,082,215 Berkshire Hathaway, Inc. 1.150%, 08/15/18 2,073 2,067,417 2.100%, 08/14/19 3,909 3,947,316 Chevron Corp. 1.365%, 03/02/18 31,868 31,859,969 1.790%, 11/16/18 8,900 8,934,114 1.686%, 02/28/19 9,670 9,695,567 1.561%, 05/16/19 31,115 31,110,488 2.193%, 11/15/19 31,566 31,894,413 1.961%, 03/03/20 4,150 4,168,733 1.991%, 03/03/20 11,750 11,805,166 Cisco Systems, Inc. 1.650%, 06/15/18 35,249 35,313,188 2.125%, 03/01/19 18,747 18,922,791 1.400%, 09/20/19 2,700 2,689,448 4.450%, 01/15/20 28,254 30,141,650 2.450%, 06/15/20 3,715 3,787,483 Exxon Mobil Corp. 1.439%, 03/01/18 8,000 8,007,888 1.708%, 03/01/19 23,692 23,748,861 1.912%, 03/06/20 19,700 19,785,360 General Electric Co. 5.625%, 05/01/18 11,896 12,263,848 DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- -------------- UNITED STATES -- (Continued) Merck & Co., Inc. 1.850%, 02/10/20 15,000 $ 15,045,870 Microsoft Corp. 1.300%, 11/03/18 8,209 8,201,522 4.200%, 06/01/19 5,650 5,921,590 1.850%, 02/06/20 12,000 12,051,288 1.850%, 02/12/20 14,000 14,058,912 Oracle Corp. 2.375%, 01/15/19 4,100 4,152,037 Pfizer, Inc. 1.200%, 06/01/18 56,710 56,596,126 2.100%, 05/15/19 29,850 30,159,306 Toyota Motor Credit Corp. 2.150%, 03/12/20 14,816 14,932,306 4.500%, 06/17/20 4,500 4,820,270 Wal-Mart Stores, Inc. 1.950%, 12/15/18 1,371 1,381,576 -------------- TOTAL UNITED STATES 515,655,283 -------------- TOTAL BONDS 4,451,945,504 -------------- AGENCY OBLIGATIONS -- (10.1%) Federal Home Loan Bank 1.750%, 12/14/18 38,500 38,707,438 1.250%, 01/16/19 90,000 89,879,220 1.500%, 03/08/19 25,000 25,071,025 1.375%, 03/18/19 95,000 95,035,910 5.375%, 05/15/19 16,160 17,291,168 1.375%, 05/28/19 28,000 27,998,684 1.625%, 06/14/19 55,000 55,182,655 1.875%, 03/13/20 24,000 24,230,448 Federal Home Loan Mortgage Corporation 3.750%, 03/27/19 25,000 25,979,125 Federal National Mortgage Association 1.125%, 12/14/18 69,500 69,294,141 1.500%, 02/28/20 42,000 41,962,872 -------------- TOTAL AGENCY OBLIGATIONS 510,632,686 -------------- U.S. TREASURY OBLIGATIONS -- (1.4%) U.S. Treasury Note 1.250%, 01/31/19 70,000 69,926,150 -------------- TOTAL INVESTMENT SECURITIES 5,032,504,340 -------------- SHARES VALUE+ ------- -------------- SECURITIES LENDING COLLATERAL -- (0.0%) (S)@ DFA Short Term Investment Fund 12,078 $ 139,763 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $5,013,678,305)^^ $5,032,644,103 ============== DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia -- $ 336,166,668 -- $ 336,166,668 Austria -- 90,914,367 -- 90,914,367 Belgium -- 11,016,198 -- 11,016,198 Canada -- 977,641,890 -- 977,641,890 Denmark -- 77,149,166 -- 77,149,166 Finland -- 96,855,150 -- 96,855,150 France -- 194,703,091 -- 194,703,091 Germany -- 345,385,252 -- 345,385,252 Japan -- 134,132,929 -- 134,132,929 Netherlands -- 481,465,778 -- 481,465,778 Norway -- 184,175,211 -- 184,175,211 Singapore -- 149,172,564 -- 149,172,564 Supranational Organization Obligations -- 464,249,636 -- 464,249,636 Sweden -- 310,141,912 -- 310,141,912 United Kingdom -- 83,120,409 -- 83,120,409 United States -- 515,655,283 -- 515,655,283 Agency Obligations -- 510,632,686 -- 510,632,686 U.S. Treasury Obligations -- 69,926,150 -- 69,926,150 Securities Lending Collateral -- 139,763 -- 139,763 Forward Currency Contracts** -- (11,926,820) -- (11,926,820) -- -------------- -- -------------- TOTAL -- $5,020,717,283 -- $5,020,717,283 == ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- BONDS -- (90.6%) AUSTRALIA -- (4.2%) Australia & New Zealand Banking Group, Ltd. 2.700%, 11/16/20 7,000 $ 7,125,783 Commonwealth Bank of Australia 2.300%, 03/12/20 3,100 3,122,323 ## 2.750%, 03/10/22 2,000 2,026,252 Macquarie Group, Ltd. ## 3.000%, 12/03/18 4,475 4,531,193 National Australia Bank, Ltd. ## 2.400%, 12/09/19 15,000 15,119,370 2.625%, 01/14/21 1,905 1,929,862 1.875%, 07/12/21 1,350 1,326,683 0.875%, 01/20/22 EUR 1,112 1,352,153 2.500%, 05/22/22 3,968 3,962,405 Westpac Banking Corp. 4.875%, 11/19/19 5,000 5,328,745 ----------- TOTAL AUSTRALIA 45,824,769 ----------- BELGIUM -- (0.4%) Anheuser-Busch InBev Worldwide, Inc. 5.375%, 01/15/20 4,000 4,337,744 ----------- CANADA -- (8.4%) Bank of Montreal 1.900%, 08/27/21 8,000 7,932,464 Bank of Nova Scotia (The) 2.050%, 06/05/19 5,000 5,026,000 2.800%, 07/21/21 420 427,573 Goldcorp, Inc. 3.625%, 06/09/21 500 518,976 Province of British Columbia Canada 3.250%, 12/18/21 CAD 5,000 4,219,531 Province of Ontario Canada 1.875%, 05/21/20 10,000 10,007,420 2.500%, 09/10/21 15,000 15,245,250 Province of Quebec Canada 3.500%, 07/29/20 5,000 5,237,630 Royal Bank of Canada 2.150%, 03/06/20 17,197 17,276,725 2.750%, 02/01/22 5,614 5,723,872 Toronto-Dominion Bank (The) 1.400%, 04/30/18 7,605 7,601,783 2.250%, 11/05/19 9,000 9,088,704 1.994%, 03/23/22 CAD 5,000 3,946,822 ----------- TOTAL CANADA 92,252,750 ----------- FACE AMOUNT^ (000) VALUE+ ------- ----------- DENMARK -- (0.4%) Danske Bank A.S. ## 2.800%, 03/10/21 5,000 $ 5,086,520 ----------- FRANCE -- (3.7%) BPCE SA 2.500%, 07/15/19 2,900 2,930,917 2.250%, 01/27/20 2,000 2,005,768 Credit Agricole SA ## 2.750%, 06/10/20 5,000 5,086,235 Electricite de France SA ## 2.350%, 10/13/20 5,300 5,349,618 French Republic Government Bond OAT 0.0%, 05/25/22 EUR 6,500 7,724,404 Societe Generale SA ## 2.500%, 04/08/21 4,200 4,221,437 Total Capital SA 4.450%, 06/24/20 8,000 8,581,920 4.125%, 01/28/21 4,000 4,271,252 ----------- TOTAL FRANCE 40,171,551 ----------- GERMANY -- (4.5%) Bayer U.S. Finance LLC ## 2.375%, 10/08/19 5,000 5,052,390 BMW US Capital LLC ## 2.000%, 04/11/21 2,365 2,355,826 Deutsche Bank AG 6.000%, 09/01/17 3,184 3,194,421 2.950%, 08/20/20 1,000 1,010,671 FMS Wertmanagement AoeR 1.000%, 11/21/17 20,000 19,984,320 Kreditanstalt fuer Wiederaufbau 1.500%, 04/20/20 14,000 13,947,164 Volkswagen Group of America Finance LLC ## 2.400%, 05/22/20 3,625 3,644,140 ----------- TOTAL GERMANY 49,188,932 ----------- IRELAND -- (0.2%) Medtronic, Inc. 2.500%, 03/15/20 2,000 2,036,400 ----------- JAPAN -- (4.9%) American Honda Finance Corp. 2.450%, 09/24/20 5,000 5,084,300 Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) ## 2.350%, 09/08/19 3,000 3,022,659 Japan Finance Organization for Municipalities 1.375%, 02/05/18 7,330 7,310,136 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- JAPAN -- (Continued) Mizuho Financial Group, Inc. ## 2.632%, 04/12/21 4,000 $ 4,010,652 MUFG Union Bank NA 2.625%, 09/26/18 3,245 3,278,462 Nissan Motor Acceptance Corp. ## 2.550%, 03/08/21 3,500 3,526,849 Sumitomo Mitsui Financial Group, Inc. 2.058%, 07/14/21 3,000 2,957,577 Toyota Motor Credit Corp. 1.900%, 04/08/21 20,928 20,812,938 2.600%, 01/11/22 3,152 3,217,908 ----------- TOTAL JAPAN 53,221,481 ----------- NETHERLANDS -- (5.6%) ABN AMRO Bank NV ## 2.450%, 06/04/20 2,400 2,423,287 Bank Nederlandse Gemeenten NV 1.375%, 03/19/18 5,000 4,999,020 1.750%, 03/24/20 10,000 10,002,000 Cooperatieve Rabobank UA 2.250%, 01/14/19 570 575,178 # 2.750%, 01/10/22 810 825,627 4.000%, 01/11/22 EUR 400 551,308 4.750%, 06/06/22 EUR 867 1,244,447 ING Bank NV ## 2.750%, 03/22/21 5,000 5,076,655 Mylan, Inc. 2.550%, 03/28/19 4,400 4,433,770 Nederlandse Waterschapsbank NV 1.500%, 04/16/18 5,000 5,002,880 Shell International Finance BV 4.375%, 03/25/20 10,000 10,661,240 2.125%, 05/11/20 3,620 3,648,996 2.250%, 11/10/20 4,606 4,653,493 1.750%, 09/12/21 7,000 6,914,908 ----------- TOTAL NETHERLANDS 61,012,809 ----------- NORWAY -- (0.2%) Statoil ASA 3.125%, 08/17/17 2,200 2,201,353 ----------- SINGAPORE -- (0.7%) Singapore Government Bond 1.750%, 04/01/22 SGD 10,000 7,450,393 ----------- SPAIN -- (0.6%) Santander UK P.L.C. 2.375%, 03/16/20 5,000 5,051,280 FACE AMOUNT^ (000) VALUE+ ------- ----------- SPAIN -- (Continued) Telefonica Emisiones SAU 3.192%, 04/27/18 1,500 $ 1,514,962 ----------- TOTAL SPAIN 6,566,242 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (3.0%) African Development Bank 0.875%, 03/15/18 8,040 8,017,247 European Investment Bank 1.000%, 12/15/17 15,000 14,984,805 Inter-American Development Bank 0.875%, 03/15/18 10,000 9,972,620 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS 32,974,672 ----------- SWEDEN -- (6.6%) Kommuninvest I Sverige AB 0.250%, 06/01/22 SEK 189,000 22,992,487 Svenska Handelsbanken AB 2.400%, 10/01/20 15,145 15,334,237 Sweden Government Bond 3.500%, 06/01/22 SEK 231,000 33,395,062 ----------- TOTAL SWEDEN 71,721,786 ----------- SWITZERLAND -- (0.1%) UBS AG 2.375%, 08/14/19 667 672,865 ----------- UNITED KINGDOM -- (3.1%) AstraZeneca P.L.C. 2.375%, 11/16/20 5,000 5,063,530 Barclays P.L.C. 2.750%, 11/08/19 8,000 8,096,888 BP Capital Markets P.L.C. 2.315%, 02/13/20 2,156 2,183,166 HSBC USA, Inc. 2.350%, 03/05/20 3,825 3,862,190 Nationwide Building Society ## 2.350%, 01/21/20 1,266 1,274,182 Network Rail Infrastructure Finance P.L.C. 0.875%, 05/15/18 10,000 9,954,820 TechnipFMC P.L.C. ## 2.000%, 10/01/17 2,500 2,500,023 Unilever Capital Corp. 4.250%, 02/10/21 1,000 1,073,299 ----------- TOTAL UNITED KINGDOM 34,008,098 ----------- UNITED STATES -- (44.0%) Abbott Laboratories 2.000%, 03/15/20 8,500 8,503,536 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) AbbVie, Inc. 2.500%, 05/14/20 4,350 $ 4,418,077 Agilent Technologies, Inc. 6.500%, 11/01/17 596 602,536 Air Products & Chemicals, Inc. 3.000%, 11/03/21 3,990 4,115,418 Ameren Corp. 2.700%, 11/15/20 1,000 1,015,693 American Express Credit Corp. 2.250%, 08/15/19 3,500 3,535,490 AmerisourceBergen Corp. 3.500%, 11/15/21 5,000 5,199,855 Amgen, Inc. 2.200%, 05/22/19 575 579,959 Apache Corp. 6.900%, 09/15/18 4,890 5,148,789 Apple, Inc. 2.250%, 02/23/21 12,050 12,156,197 2.850%, 05/06/21 11,176 11,515,974 Assurant, Inc. 2.500%, 03/15/18 5,000 5,029,560 AT&T, Inc. 1.400%, 12/01/17 5,425 5,423,183 Bank of America Corp. 2.600%, 01/15/19 1,670 1,687,144 2.650%, 04/01/19 1,000 1,012,360 Bank of New York Mellon Corp. (The) 2.150%, 02/24/20 132 133,114 Berkshire Hathaway, Inc. 2.100%, 08/14/19 3,534 3,568,640 Biogen, Inc. 2.900%, 09/15/20 5,000 5,131,195 Boston Scientific Corp. 6.000%, 01/15/20 2,000 2,182,734 Bristol-Myers Squibb Co. 1.750%, 03/01/19 1,200 1,203,512 Buckeye Partners L.P. 6.050%, 01/15/18 1,880 1,914,912 Capital One Financial Corp. 6.750%, 09/15/17 2,000 2,011,818 Capital One NA/Mclean 2.950%, 07/23/21 4,495 4,571,177 Caterpillar Financial Services Corp. 2.450%, 09/06/18 2,880 2,906,669 CBS Corp. 2.300%, 08/15/19 3,607 3,632,220 Celgene Corp. 2.250%, 05/15/19 1,300 1,310,702 Chevron Corp. 2.193%, 11/15/19 6,000 6,062,424 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) 2.419%, 11/17/20 10,000 $10,140,990 2.100%, 05/16/21 2,200 2,203,788 2.498%, 03/03/22 3,000 3,037,413 Cigna Corp. 4.500%, 03/15/21 1,000 1,070,482 Cisco Systems, Inc. 2.450%, 06/15/20 6,270 6,392,334 2.200%, 02/28/21 5,000 5,040,865 Citizens Bank NA 2.550%, 05/13/21 2,836 2,846,045 CNA Financial Corp. 7.350%, 11/15/19 3,000 3,344,172 Comerica, Inc. 2.125%, 05/23/19 700 700,478 CVS Health Corp. 2.250%, 08/12/19 600 604,775 2.800%, 07/20/20 2,665 2,724,038 Dollar General Corp. 1.875%, 04/15/18 2,000 2,001,108 Dominion Energy, Inc. 2.500%, 12/01/19 5,167 5,217,926 DTE Energy Co. 2.400%, 12/01/19 2,210 2,226,935 eBay, Inc. 2.200%, 08/01/19 5,500 5,532,230 Exelon Generation Co. LLC 6.200%, 10/01/17 4,000 4,027,736 Express Scripts Holding Co. 2.250%, 06/15/19 2,865 2,881,462 Exxon Mobil Corp. 1.305%, 03/06/18 8,181 8,176,942 1.912%, 03/06/20 5,009 5,030,704 2.222%, 03/01/21 2,800 2,826,690 Fifth Third Bancorp 2.300%, 03/01/19 2,270 2,284,914 Fifth Third Bank 2.375%, 04/25/19 1,615 1,632,452 Ford Motor Credit Co. LLC 5.000%, 05/15/18 1,387 1,421,517 Fortune Brands Home & Security, Inc. 3.000%, 06/15/20 3,000 3,046,002 GATX Corp. 2.500%, 03/15/19 3,000 3,025,323 GE Capital International Funding Co., Unlimited Co. 2.342%, 11/15/20 23,715 23,967,660 General Electric Co. 2.200%, 01/09/20 3,209 3,242,213 0.375%, 05/17/22 EUR 4,523 5,356,010 Gilead Sciences, Inc. 2.550%, 09/01/20 6,118 6,243,156 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Goldman Sachs Group, Inc. (The) 2.625%, 04/25/21 500 $ 502,165 5.250%, 07/27/21 5,000 5,508,015 Harley-Davidson Financial Services, Inc. ## 2.150%, 02/26/20 5,000 4,993,200 Hershey Co. (The) 4.125%, 12/01/20 300 320,961 Humana, Inc. 2.625%, 10/01/19 2,000 2,024,966 Huntington Bancshares, Inc. 2.600%, 08/02/18 4,400 4,440,198 International Business Machines Corp. 2.500%, 01/27/22 10,000 10,136,540 Jefferies Group LLC 5.125%, 04/13/18 1,875 1,917,053 Johnson & Johnson 1.650%, 03/01/21 4,452 4,424,536 JPMorgan Chase & Co. 2.250%, 01/23/20 4,000 4,030,112 KeyBank NA 1.650%, 02/01/18 820 820,526 KeyCorp 2.900%, 09/15/20 2,142 2,187,952 Kroger Co. (The) 2.300%, 01/15/19 2,700 2,716,405 L3 Technologies, Inc. 4.750%, 07/15/20 1,553 1,664,527 Legg Mason, Inc. 2.700%, 07/15/19 5,425 5,480,557 Lockheed Martin Corp. 2.500%, 11/23/20 3,500 3,562,282 Manufacturers & Traders Trust Co. 2.100%, 02/06/20 5,800 5,826,158 Marathon Petroleum Corp. 3.400%, 12/15/20 3,500 3,623,161 Marriott International, Inc. 6.750%, 05/15/18 1,000 1,037,270 Marsh & McLennan Cos., Inc. 2.350%, 09/10/19 2,200 2,215,998 Mattel, Inc. 2.350%, 05/06/19 6,000 6,009,660 2.350%, 08/15/21 1,000 983,745 McKesson Corp. 1.400%, 03/15/18 2,907 2,904,695 4.750%, 03/01/21 1,769 1,905,822 Mead Johnson Nutrition Co. 3.000%, 11/15/20 2,800 2,884,893 Merck & Co., Inc. 3.875%, 01/15/21 7,155 7,592,514 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) MetLife, Inc. 4.750%, 02/08/21 2,300 $ 2,504,776 Microsoft Corp. 1.850%, 02/12/20 2,000 2,008,416 3.000%, 10/01/20 5,000 5,183,640 1.550%, 08/08/21 1,178 1,159,529 Mondelez International Holdings Netherlands BV ## 2.000%, 10/28/21 6,000 5,879,322 Monsanto Co. 2.125%, 07/15/19 2,500 2,511,595 Morgan Stanley 6.250%, 08/28/17 1,000 1,003,230 7.300%, 05/13/19 1,800 1,965,101 2.375%, 07/23/19 1,365 1,376,525 NextEra Energy Capital Holdings, Inc. 2.400%, 09/15/19 3,850 3,878,251 Nordstrom, Inc. 4.750%, 05/01/20 5,225 5,499,161 Nucor Corp. 5.750%, 12/01/17 7,160 7,252,292 Nuveen Finance LLC ## 2.950%, 11/01/19 4,972 5,059,378 Omnicom Group, Inc. 4.450%, 08/15/20 1,000 1,067,555 Oracle Corp. 1.900%, 09/15/21 20,000 19,889,960 Pacific Gas & Electric Co. 3.500%, 10/01/20 100 103,975 PepsiCo, Inc. 4.500%, 01/15/20 451 480,538 Pfizer, Inc. 0.250%, 03/06/22 EUR 2,275 2,695,411 PG&E Corp. 2.400%, 03/01/19 1,210 1,218,090 PNC Bank NA 2.400%, 10/18/19 1,000 1,011,753 Progress Energy, Inc. 4.400%, 01/15/21 1,500 1,593,566 Prudential Financial, Inc. 6.000%, 12/01/17 250 253,552 Republic Services, Inc. 3.800%, 05/15/18 233 237,037 Reynolds American, Inc. 2.300%, 08/21/17 2,000 2,000,668 Roper Technologies, Inc. 2.800%, 12/15/21 1,000 1,011,051 SCANA Corp. 4.750%, 05/15/21 1,620 1,705,251 Scripps Networks Interactive, Inc. 2.750%, 11/15/19 6,000 6,064,890 DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- -------------- UNITED STATES -- (Continued) Southern Co. (The) 2.750%, 06/15/20 5,000 $ 5,076,355 Southwest Airlines Co. 2.750%, 11/06/19 5,000 5,081,495 State Street Corp. 2.550%, 08/18/20 2,000 2,040,684 Stryker Corp. 2.625%, 03/15/21 2,400 2,447,040 SunTrust Banks, Inc. 2.900%, 03/03/21 1,070 1,089,965 Tech Data Corp. 3.750%, 09/21/17 2,500 2,505,455 Thermo Fisher Scientific, Inc. 2.400%, 02/01/19 6,599 6,652,775 Time Warner, Inc. 4.875%, 03/15/20 2,635 2,826,775 4.000%, 01/15/22 3,470 3,674,622 Tyson Foods, Inc. 2.650%, 08/15/19 5,000 5,073,225 Union Pacific Corp. 1.800%, 02/01/20 2,498 2,497,638 4.000%, 02/01/21 1,470 1,563,721 UnitedHealth Group, Inc. 2.300%, 12/15/19 2,710 2,741,352 2.700%, 07/15/20 1,930 1,976,727 Verizon Communications, Inc. 4.600%, 04/01/21 1,197 1,287,147 Viacom, Inc. 4.500%, 03/01/21 6,000 6,362,928 Wal-Mart Stores, Inc. 3.625%, 07/08/20 1,500 1,583,220 Walgreens Boots Alliance, Inc. 2.700%, 11/18/19 5,000 5,090,115 Wells Fargo & Co. 2.125%, 04/22/19 1,000 1,006,874 2.150%, 01/30/20 3,250 3,267,128 Wisconsin Electric Power Co. 1.700%, 06/15/18 535 535,207 Wyndham Worldwide Corp. 2.500%, 03/01/18 5,405 5,427,425 Xerox Corp. ## 4.070%, 03/17/22 2,900 2,982,322 Zimmer Biomet Holdings, Inc. 2.700%, 04/01/20 2,210 2,236,772 -------------- TOTAL UNITED STATES 480,174,639 -------------- TOTAL BONDS 988,903,004 -------------- U.S. TREASURY OBLIGATIONS -- (9.3%) U.S. Treasury Notes 2.000%, 11/15/21 100,000 101,085,900 -------------- TOTAL INVESTMENT SECURITIES 1,089,988,904 -------------- SHARES VALUE+ ------ -------------- SECURITIES LENDING COLLATERAL -- (0.1%) (S)@ DFA Short Term Investment Fund 73,071 $ 845,579 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,083,496,802)^^ $1,090,834,483 ============== DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia -- $ 45,824,769 -- $ 45,824,769 Belgium -- 4,337,744 -- 4,337,744 Canada -- 92,252,750 -- 92,252,750 Denmark -- 5,086,520 -- 5,086,520 France -- 40,171,551 -- 40,171,551 Germany -- 49,188,932 -- 49,188,932 Ireland -- 2,036,400 -- 2,036,400 Japan -- 53,221,481 -- 53,221,481 Netherlands -- 61,012,809 -- 61,012,809 Norway -- 2,201,353 -- 2,201,353 Singapore -- 7,450,393 -- 7,450,393 Spain -- 6,566,242 -- 6,566,242 Supranational Organization Obligations -- 32,974,672 -- 32,974,672 Sweden -- 71,721,786 -- 71,721,786 Switzerland -- 672,865 -- 672,865 United Kingdom -- 34,008,098 -- 34,008,098 United States -- 480,174,639 -- 480,174,639 U.S. Treasury Obligations -- 101,085,900 -- 101,085,900 Securities Lending Collateral -- 845,579 -- 845,579 Forward Currency Contracts** -- 432,225 -- 432,225 -- -------------- -- -------------- TOTAL -- $1,091,266,708 -- $1,091,266,708 == ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA SHORT-TERM GOVERNMENT PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ---------- -------------- AGENCY OBLIGATIONS -- (19.9%) Federal Home Loan Bank 1.750%, 12/14/18 $ 44,850 $ 45,091,652 1.500%, 03/08/19 7,430 7,451,109 5.375%, 05/15/19 27,860 29,810,144 2.000%, 09/13/19 54,640 55,298,084 2.375%, 12/13/19 25,000 25,524,600 4.125%, 03/13/20 22,950 24,472,136 1.375%, 02/18/21 20,000 19,823,300 1.750%, 03/12/21 10,000 10,025,430 2.375%, 03/12/21 16,000 16,360,624 1.875%, 06/11/21 20,000 20,098,980 1.125%, 07/14/21 20,000 19,551,020 2.375%, 09/10/21 3,000 3,067,197 1.875%, 11/29/21 24,000 24,102,288 2.625%, 12/10/21 10,000 10,331,620 2.250%, 03/11/22 56,725 57,719,900 2.125%, 06/10/22 18,150 18,343,878 Tennessee Valley Authority 1.750%, 10/15/18 24,380 24,512,651 3.875%, 02/15/21 22,000 23,627,516 -------------- TOTAL AGENCY OBLIGATIONS 435,212,129 -------------- U.S. TREASURY OBLIGATIONS -- (79.8%) U.S. Treasury Notes 1.625%, 04/30/19 55,300 55,572,187 3.125%, 05/15/19 262,388 270,679,676 1.750%, 09/30/19 279,690 281,907,942 3.625%, 02/15/20 142,000 149,760,016 1.875%, 06/30/20 102,000 103,115,676 2.000%, 09/30/20 127,000 128,736,344 1.750%, 10/31/20 60,000 60,342,180 1.625%, 11/30/20 181,000 181,190,955 3.625%, 02/15/21 112,000 119,721,840 1.250%, 03/31/21 141,000 138,989,622 1.375%, 04/30/21 77,500 76,682,607 3.125%, 05/15/21 20,000 21,071,100 1.125%, 06/30/21 64,000 62,620,032 1.125%, 07/31/21 90,000 87,967,980 1.125%, 08/31/21 11,000 10,740,895 -------------- TOTAL U.S. TREASURY OBLIGATIONS 1,749,099,052 -------------- TOTAL INVESTMENT SECURITIES 2,184,311,181 -------------- SHARES ---------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional U.S. Government Money Market Fund, 0.940% 6,483,429 6,483,429 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,197,002,510)^^ $2,190,794,610 ============== DFA SHORT-TERM GOVERNMENT PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- -------------- ------- -------------- Agency Obligations -- $ 435,212,129 -- $ 435,212,129 U.S. Treasury Obligations -- 1,749,099,052 -- 1,749,099,052 Temporary Cash Investments $6,483,429 -- -- 6,483,429 ---------- -------------- -- -------------- TOTAL $6,483,429 $2,184,311,181 -- $2,190,794,610 ========== ============== == ============== DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- -------------- BONDS -- (98.8%) AUSTRALIA -- (8.4%) Australia & New Zealand Banking Group, Ltd. 2.700%, 11/16/20 18,300 $ 18,628,833 2.300%, 06/01/21 17,866 17,876,827 2.550%, 11/23/21 61,184 61,512,007 2.625%, 05/19/22 5,000 5,020,480 Commonwealth Bank of Australia 2.300%, 03/12/20 75,637 76,181,662 2.400%, 11/02/20 23,935 24,141,487 2.550%, 03/15/21 15,750 15,868,282 ## 2.000%, 09/06/21 23,552 23,210,543 ## 2.750%, 03/10/22 102,078 103,417,876 National Australia Bank, Ltd. 2.625%, 07/23/20 57,207 57,978,837 2.625%, 01/14/21 22,900 23,198,868 1.875%, 07/12/21 31,520 30,975,587 # 2.800%, 01/10/22 180,432 183,235,913 0.875%, 01/20/22 EUR 1,000 1,215,965 2.500%, 05/22/22 102,615 102,470,313 Westpac Banking Corp. 2.300%, 05/26/20 86,059 86,684,219 2.600%, 11/23/20 74,195 75,254,950 2.100%, 05/13/21 10,020 9,953,086 2.000%, 08/19/21 33,840 33,441,331 2.800%, 01/11/22 184,509 187,837,358 2.500%, 06/28/22 7,244 7,248,477 -------------- TOTAL AUSTRALIA 1,145,352,901 -------------- AUSTRIA -- (1.5%) Oesterreichische Kontrollbank AG 1.500%, 10/21/20 93,386 92,516,577 1.875%, 01/20/21 109,420 109,501,080 2.375%, 10/01/21 10,400 10,587,460 -------------- TOTAL AUSTRIA 212,605,117 -------------- CANADA -- (19.9%) Alberta, Province of Canada ## 1.750%, 08/26/20 144,100 143,481,955 1.750%, 08/26/20 3,800 3,784,006 1.350%, 09/01/21 CAD 105,500 82,410,584 Bank of Montreal 1.900%, 08/27/21 135,774 134,627,796 Bank of Nova Scotia (The) 2.350%, 10/21/20 87,912 88,612,922 4.375%, 01/13/21 6,321 6,761,030 2.450%, 03/22/21 100,422 101,308,726 2.700%, 03/07/22 188,023 190,101,218 Canada Housing Trust No. 1 ## 1.750%, 06/15/22 CAD 75,000 59,410,467 FACE AMOUNT^ (000) VALUE+ ------- -------------- CANADA -- (Continued) CPPIB Capital, Inc. ## 2.250%, 01/25/22 $ 118,442 $ 119,432,175 2.250%, 01/25/22 58,150 58,636,134 Export Development Canada 1.375%, 10/21/21 47,910 46,864,987 Province of British Columbia Canada 2.650%, 09/22/21 29,292 30,105,908 3.250%, 12/18/21 CAD 40,000 33,756,246 Province of Manitoba Canada 2.050%, 11/30/20 156,000 156,715,104 1.550%, 09/05/21 CAD 13,000 10,236,816 2.125%, 05/04/22 61,500 61,298,649 Province of Ontario Canada 2.500%, 09/10/21 81,798 83,135,397 # 2.400%, 02/08/22 187,269 189,237,197 1.350%, 03/08/22 CAD 10,000 7,763,064 3.150%, 06/02/22 CAD 115,750 97,179,866 Province of Quebec Canada 3.500%, 07/29/20 32,326 33,862,325 2.750%, 08/25/21 5,000 5,134,805 4.250%, 12/01/21 CAD 38,000 33,275,412 2.375%, 01/31/22 202,636 204,731,459 Royal Bank of Canada 2.150%, 03/06/20 10,202 10,249,296 2.350%, 10/30/20 124,725 125,913,006 2.500%, 01/19/21 151,039 152,917,170 2.030%, 03/15/21 CAD 16,000 12,756,623 2.750%, 02/01/22 81,394 82,986,962 1.968%, 03/02/22 CAD 7,000 5,517,915 Toronto-Dominion Bank (The) 2.500%, 12/14/20 119,536 121,384,863 2.125%, 04/07/21 125,246 125,499,999 # 1.800%, 07/13/21 45,138 44,648,569 1.994%, 03/23/22 CAD 46,667 36,837,266 Total Capital Canada, Ltd. 1.125%, 03/18/22 EUR 1,000 1,227,915 Toyota Credit Canada, Inc. 2.020%, 02/28/22 CAD 20,000 15,754,241 -------------- TOTAL CANADA 2,717,558,073 -------------- DENMARK -- (1.1%) Nordea Bank AB ## 2.500%, 09/17/20 71,425 72,226,174 ## 2.250%, 05/27/21 74,541 74,315,886 -------------- TOTAL DENMARK 146,542,060 -------------- FINLAND -- (0.2%) Municipality Finance P.L.C. 1.375%, 09/21/21 13,800 13,445,202 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ------------ FINLAND -- (Continued) OP Corporate Bank P.L.C. 0.750%, 03/03/22 EUR 7,750 $ 9,352,649 ------------ TOTAL FINLAND 22,797,851 ------------ FRANCE -- (6.1%) Agence Francaise de Developpement 1.625%, 01/21/20 106,464 105,761,338 0.125%, 04/30/22 EUR 20,800 24,575,723 Caisse d'Amortissement de la Dette Sociale 2.000%, 03/22/21 97,635 97,849,895 1.875%, 02/12/22 78,500 77,736,195 Dexia Credit Local SA # 1.875%, 01/29/20 51,000 50,772,795 1.875%, 09/15/21 35,742 35,035,667 French Republic Government Bond OAT 3.000%, 04/25/22 EUR 35,500 48,255,528 --%,05/25/22 EUR 183,000 217,471,686 Sanofi 4.000%, 03/29/21 12,438 13,251,569 Total Capital International SA 2.750%, 06/19/21 14,807 15,127,912 2.875%, 02/17/22 30,115 30,869,471 Total Capital SA 4.450%, 06/24/20 106,264 113,993,643 ------------ TOTAL FRANCE 830,701,422 ------------ GERMANY -- (3.1%) FMS Wertmanagement AoeR 1.375%, 06/08/21 20,000 19,640,000 Kreditanstalt fuer Wiederaufbau 2.625%, 01/25/22 120,800 124,306,582 Kreditanstalt fuer Wiederaufbau 1.625%, 03/15/21 25,000 24,848,350 2.125%, 03/07/22 174,500 175,707,191 --%,04/28/22 EUR 32,000 37,995,258 Landeskreditbank Baden-Wuerttemberg Foerderbank 1.375%, 07/21/21 38,231 37,402,955 ------------ TOTAL GERMANY 419,900,336 ------------ IRELAND -- (2.7%) GE Capital European Funding Unlimited Co. 4.350%, 11/03/21 EUR 2,462 3,418,469 0.800%, 01/21/22 EUR 7,300 8,812,858 FACE AMOUNT^ (000) VALUE+ ------- -------------- IRELAND -- (Continued) GE Capital International Funding Co., Unlimited Co. 2.342%, 11/15/20 356,378 $ 360,174,851 -------------- TOTAL IRELAND 372,406,178 -------------- LUXEMBOURG -- (0.1%) Nestle Finance International, Ltd. 2.125%, 09/10/21 EUR 8,723 11,196,415 0.750%, 11/08/21 EUR 5,762 7,019,892 -------------- TOTAL LUXEMBOURG 18,216,307 -------------- NETHERLANDS -- (8.0%) Bank Nederlandse Gemeenten NV 4.375%, 02/16/21 15,000 16,234,470 1.625%, 04/19/21 244,600 241,844,826 ## 2.375%, 02/01/22 94,000 95,298,140 2.375%, 02/01/22 25,000 25,345,250 Cooperatieve Rabobank UA 4.500%, 01/11/21 20,691 22,297,429 2.500%, 01/19/21 82,839 83,787,838 2.750%, 01/10/22 138,200 140,866,154 4.000%, 01/11/22 EUR 10,789 14,870,147 3.875%, 02/08/22 15,318 16,321,268 4.750%, 06/06/22 EUR 22,898 32,866,610 Nederlandse Waterschapsbank NV 1.875%, 04/14/22 44,000 43,579,360 Shell International Finance BV 2.125%, 05/11/20 102,590 103,411,746 2.250%, 11/10/20 127,490 128,804,549 1.875%, 05/10/21 73,990 73,472,958 1.750%, 09/12/21 51,407 50,782,096 1.250%, 03/15/22 EUR 5,500 6,817,344 -------------- TOTAL NETHERLANDS 1,096,600,185 -------------- NEW ZEALAND -- (0.2%) ANZ New Zealand Int'l, Ltd. 0.400%, 03/01/22 EUR 3,000 3,551,401 ASB Finance, Ltd. 0.500%, 06/10/22 EUR 16,875 19,997,727 -------------- TOTAL NEW ZEALAND 23,549,128 -------------- NORWAY -- (1.7%) Kommunalbanken A.S. 1.625%, 02/10/21 47,932 47,523,619 1.500%, 08/31/21 28,980 28,467,083 ## 2.250%, 01/25/22 39,250 39,604,428 2.250%, 01/25/22 90,000 90,815,850 Statoil ASA 2.900%, 11/08/20 18,590 19,073,582 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ --------- ------------ NORWAY -- (Continued) 3.150%, 01/23/22 2,600 $ 2,678,975 ------------ TOTAL NORWAY 228,163,537 ------------ SINGAPORE -- (1.1%) Singapore Government Bond 2.250%, 06/01/21 SGD 57,500 43,563,628 1.250%, 10/01/21 SGD 69,000 50,448,437 1.750%, 04/01/22 SGD 70,000 52,152,751 ------------ TOTAL SINGAPORE 146,164,816 ------------ SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (5.9%) African Development Bank 1.250%, 07/26/21 15,000 14,638,215 Asian Development Bank 1.625%, 03/16/21 64,333 63,920,561 Council Of Europe Development Bank 1.625%, 03/16/21 53,156 52,708,161 European Investment Bank 1.625%, 12/15/20 32,940 32,780,900 1.625%, 12/15/20 10,000 9,952,580 4.000%, 02/16/21 10,000 10,736,510 2.000%, 03/15/21 105,000 105,578,340 1.625%, 06/15/21 39,400 39,068,606 1.375%, 09/15/21 106,000 103,642,560 Inter-American Development Bank 2.125%, 11/09/20 62,054 62,643,947 International Bank for Reconstruction & Development # 2.125%, 11/01/20 15,000 15,158,340 # 1.625%, 03/09/21 50,000 49,636,000 1.625%, 03/09/21 5,000 4,963,745 1.375%, 05/24/21 70,000 68,711,790 1.375%, 05/24/21 3,506 3,441,581 # 2.250%, 06/24/21 10,000 10,132,760 # 2.000%, 01/26/22 87,875 88,091,085 Nordic Investment Bank 2.125%, 02/01/22 64,000 64,491,520 ------------ TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS 800,297,201 ------------ SWEDEN -- (7.7%) Kommuninvest I Sverige AB 1.000%, 09/15/21 SEK 270,000 34,402,444 0.250%, 06/01/22 SEK 1,270,000 154,499,783 Nordea Bank AB ## 4.875%, 01/14/21 1,600 1,733,200 2.000%, 02/17/21 EUR 8,500 10,736,951 3.250%, 07/05/22 EUR 5,000 6,772,481 Skandinaviska Enskilda Banken AB 0.750%, 08/24/21 EUR 1,300 1,574,359 FACE AMOUNT^ (000) VALUE+ --------- -------------- SWEDEN -- (Continued) 0.300%, 02/17/22 EUR 11,708 $ 13,912,603 Svensk Exportkredit AB 1.750%, 08/28/20 148,920 148,753,209 1.750%, 03/10/21 78,204 77,832,453 2.375%, 03/09/22 58,582 59,478,539 Svenska Handelsbanken AB ## 5.125%, 03/30/20 40,668 43,824,040 2.400%, 10/01/20 24,900 25,211,125 2.450%, 03/30/21 18,524 18,652,575 1.875%, 09/07/21 49,502 48,805,408 0.250%, 02/28/22 EUR 4,481 5,296,854 Sweden Government Bond 3.500%, 06/01/22 SEK 2,800,000 404,788,625 -------------- TOTAL SWEDEN 1,056,274,649 -------------- UNITED STATES -- (31.1%) 3M Co. 2.000%, 08/07/20 7,306 7,365,836 0.375%, 02/15/22 EUR 5,900 7,008,400 Alphabet, Inc. 3.625%, 05/19/21 6,075 6,465,507 Apple, Inc. 2.250%, 02/23/21 167,671 169,148,684 2.850%, 05/06/21 72,415 74,617,864 1.550%, 08/04/21 1,125 1,104,524 2.500%, 02/09/22 98,478 99,849,799 2.300%, 05/11/22 4,000 4,013,240 Automatic Data Processing, Inc. 2.250%, 09/15/20 22,781 23,111,712 Berkshire Hathaway Finance Corp. # 4.250%, 01/15/21 29,253 31,552,783 Berkshire Hathaway, Inc. 2.200%, 03/15/21 186,843 188,689,196 3.400%, 01/31/22 39,959 42,168,173 Chevron Corp. 1.961%, 03/03/20 94,132 94,556,912 2.419%, 11/17/20 79,034 80,148,300 2.100%, 05/16/21 73,077 73,202,839 2.411%, 03/03/22 4,500 4,545,009 2.498%, 03/03/22 57,747 58,467,163 Cisco Systems, Inc. 2.450%, 06/15/20 220,492 224,794,019 2.200%, 02/28/21 71,258 71,840,392 1.850%, 09/20/21 98,393 97,760,825 Coca-Cola Co. (The) 1.875%, 10/27/20 251,988 252,677,187 1.550%, 09/01/21 46,814 46,107,436 3.300%, 09/01/21 47,425 49,832,435 # 2.200%, 05/25/22 29,592 29,716,701 Colgate-Palmolive Co. 2.300%, 05/03/22 29,897 30,153,217 DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ---------- --------------- UNITED STATES -- (Continued) Exxon Mobil Corp. 1.912%, 03/06/20 59,339 $ 59,596,116 2.222%, 03/01/21 195,096 196,955,655 2.397%, 03/06/22 8,324 8,395,178 General Electric Co. 0.375%, 05/17/22 EUR 27,800 32,919,985 International Business Machines Corp. 1.625%, 05/15/20 19,872 19,786,491 # 2.250%, 02/19/21 107,597 108,433,136 2.500%, 01/27/22 176,310 178,717,337 Johnson & Johnson 1.650%, 03/01/21 65,389 64,985,615 2.250%, 03/03/22 60,800 61,545,651 Merck & Co., Inc. 1.850%, 02/10/20 82,134 82,385,166 1.850%, 02/10/20 10,000 10,031,250 3.875%, 01/15/21 18,273 19,390,357 1.125%, 10/15/21 EUR 2,750 3,383,283 2.350%, 02/10/22 87,933 89,078,239 Microsoft Corp. 2.000%, 11/03/20 215,817 217,376,494 1.550%, 08/08/21 48,287 47,529,860 2.400%, 02/06/22 8,922 9,037,593 2.375%, 02/12/22 63,194 63,891,978 Nestle Holdings, Inc. 1.375%, 07/13/21 19,430 18,967,741 2.375%, 01/18/22 23,872 24,163,644 Oracle Corp. 2.800%, 07/08/21 129,657 133,533,744 1.900%, 09/15/21 223,621 222,390,637 2.500%, 05/15/22 31,628 32,070,824 Pfizer, Inc. 1.950%, 06/03/21 136,427 136,561,381 5.750%, 06/03/21 EUR 12,000 17,266,330 2.200%, 12/15/21 61,477 62,108,676 0.250%, 03/06/22 EUR 34,000 40,283,063 Procter & Gamble Co. (The) 1.850%, 02/02/21 47,391 47,354,462 1.700%, 11/03/21 58,050 57,560,929 2.000%, 11/05/21 EUR 2,100 2,678,070 2.300%, 02/06/22 13,000 13,177,957 Roche Holdings, Inc. 6.500%, 03/04/21 EUR 13,540 19,776,526 Toyota Motor Credit Corp. 2.150%, 03/12/20 51,896 52,303,384 4.250%, 01/11/21 12,296 13,169,926 1.900%, 04/08/21 160,976 160,090,954 2.750%, 05/17/21 37,695 38,575,706 2.600%, 01/11/22 87,574 89,405,172 3.300%, 01/12/22 11,825 12,344,177 FACE AMOUNT^ (000) VALUE+ ---------- --------------- UNITED STATES -- (Continued) USAA Capital Corp. ## 2.000%, 06/01/21 7,000 $ 6,918,044 Wal-Mart Stores, Inc. 4.250%, 04/15/21 8,346 9,030,389 --------------- TOTAL UNITED STATES 4,252,069,273 --------------- TOTAL BONDS 13,489,199,034 --------------- AGENCY OBLIGATIONS -- (0.3%) Federal Home Loan Bank # 1.875%, 11/29/21 38,500 38,664,087 --------------- TOTAL INVESTMENT SECURITIES 13,527,863,121 --------------- SHARES ---------- SECURITIES LENDING COLLATERAL -- (0.9%) (S)@ DFA Short Term Investment Fund 10,799,418 124,970,862 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $13,547,082,942)^^ $13,652,833,983 =============== DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- --------------- ------- --------------- Bonds Australia -- $ 1,145,352,901 -- $ 1,145,352,901 Austria -- 212,605,117 -- 212,605,117 Canada -- 2,717,558,073 -- 2,717,558,073 Denmark -- 146,542,060 -- 146,542,060 Finland -- 22,797,851 -- 22,797,851 France -- 830,701,422 -- 830,701,422 Germany -- 419,900,336 -- 419,900,336 Ireland -- 372,406,178 -- 372,406,178 Luxembourg -- 18,216,307 -- 18,216,307 Netherlands -- 1,096,600,185 -- 1,096,600,185 New Zealand -- 23,549,128 -- 23,549,128 Norway -- 228,163,537 -- 228,163,537 Singapore -- 146,164,816 -- 146,164,816 Supranational Organization Obligations -- 800,297,201 -- 800,297,201 Sweden -- 1,056,274,649 -- 1,056,274,649 United States -- 4,252,069,273 -- 4,252,069,273 Agency Obligations -- 38,664,087 -- 38,664,087 Securities Lending Collateral -- 124,970,862 -- 124,970,862 Forward Currency Contracts** -- (47,759,756) -- (47,759,756) -- --------------- -- --------------- TOTAL -- $13,605,074,227 -- $13,605,074,227 == =============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ------------ BONDS -- (96.6%) AUSTRIA -- (4.0%) Austria Government Bond ## 4.850%, 03/15/26 EUR 11,950 $ 19,445,492 ## 0.750%, 10/20/26 EUR 13,000 15,572,539 ------------ TOTAL AUSTRIA 35,018,031 ------------ BELGIUM -- (4.0%) Belgium Government Bond 5.500%, 03/28/28 EUR 4,700 8,252,387 ## 1.000%, 06/22/31 EUR 23,300 26,893,537 ------------ TOTAL BELGIUM 35,145,924 ------------ CANADA -- (11.4%) Alberta, Province of Canada 2.900%, 09/20/29 CAD 10,300 8,147,141 3.500%, 06/01/31 CAD 5,000 4,184,881 British Columbia, Province of Canada 5.700%, 06/18/29 CAD 21,958 22,565,445 Manitoba, Province of Canada 3.250%, 09/05/29 CAD 32,700 26,740,430 Ontario, Province of Canada 1.875%, 05/21/24 EUR 6,800 8,744,238 6.500%, 03/08/29 CAD 9,600 10,390,330 Quebec, Province of Canada 0.875%, 05/04/27 EUR 5,000 5,838,320 Saskatchewan, Province of Canada 6.400%, 09/05/31 CAD 13,000 14,370,852 ------------ TOTAL CANADA 100,981,637 ------------ DENMARK -- (4.1%) Denmark Government Bond 1.750%, 11/15/25 DKK 39,380 6,974,659 1.750%, 11/15/25 DKK 20,000 3,542,234 0.500%, 11/15/27 DKK 162,000 25,369,062 ------------ TOTAL DENMARK 35,885,955 ------------ FINLAND -- (3.9%) Finland Government Bond ## 2.750%, 07/04/28 EUR 24,450 34,959,971 ------------ FRANCE -- (25.0%) Agence Francaise de Developpement 1.375%, 09/17/24 EUR 1,000 1,250,725 0.875%, 05/25/31 EUR 4,000 4,426,466 Caisse d'Amortissement de la Dette Sociale 1.375%, 11/25/24 EUR 19,710 24,912,517 France Government Bond OAT 1.000%, 11/25/25 EUR 3,000 3,681,439 FACE AMOUNT^ (000) VALUE+ --------- ------------ FRANCE -- (Continued) 3.500%, 04/25/26 EUR 14,800 $ 21,858,329 2.750%, 10/25/27 EUR 58,700 82,492,993 French Republic Government Bond OAT 3.500%, 04/25/26 EUR 15,997 23,626,195 SNCF Mobilites Group 5.375%, 03/18/27 GBP 8,031 13,739,302 SNCF Reseau 3.125%, 10/25/28 EUR 6,600 9,459,237 5.250%, 12/07/28 GBP 13,923 24,357,222 Unedic Asseo 1.500%, 04/20/32 EUR 9,000 10,903,150 ------------ TOTAL FRANCE 220,707,575 ------------ GERMANY -- (6.2%) Bundesrepublik Deutschland 4.750%, 07/04/28 EUR 2,150 3,669,098 Deutsche Bahn Finance BV 3.125%, 07/24/26 GBP 15,550 22,907,075 Kreditanstalt fuer Wiederaufbau 2.050%, 02/16/26 JPY 2,499,000 26,809,423 2.050%, 02/16/26 JPY 136,000 1,459,016 ------------ TOTAL GERMANY 54,844,612 ------------ NETHERLANDS -- (4.8%) Bank Nederlandse Gemeenten NV 1.125%, 09/04/24 EUR 6,976 8,684,083 Nederlandse Waterschapsbank NV 3.000%, 11/16/23 EUR 2,700 3,731,644 0.500%, 04/29/30 EUR 2,500 2,702,895 Netherlands Government Bond 5.500%, 01/15/28 EUR 15,250 26,953,750 ------------ TOTAL NETHERLANDS 42,072,372 ------------ NORWAY -- (0.6%) Norway Government Bond ## 1.500%, 02/19/26 NOK 44,000 5,562,102 ------------ SINGAPORE -- (4.0%) Singapore Government Bond 2.750%, 07/01/23 SGD 7,500 5,833,303 3.500%, 03/01/27 SGD 35,300 29,199,376 ------------ TOTAL SINGAPORE 35,032,679 ------------ SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (12.9%) Asian Development Bank 2.350%, 06/21/27 JPY 2,660,000 29,708,107 European Financial Stability Facility 1.750%, 06/27/24 EUR 26,025 33,668,966 European Investment Bank 1.250%, 05/12/25 SEK 50,000 6,250,217 DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ --------- ------------ SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (Continued) 1.250%, 05/12/25 SEK 25,000 $ 3,125,108 1.900%, 01/26/26 JPY 1,721,000 18,309,617 2.150%, 01/18/27 JPY 145,000 1,590,496 6.000%, 12/07/28 GBP 1,300 2,481,907 European Union 3.000%, 09/04/26 EUR 9,925 14,293,677 2.875%, 04/04/28 EUR 3,460 4,999,106 ------------ TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS 114,427,201 ------------ SWEDEN -- (3.9%) Sweden Government Bond 1.000%, 11/12/26 SEK 10,000 1,268,215 0.750%, 05/12/28 SEK 276,600 33,483,372 ------------ TOTAL SWEDEN 34,751,587 ------------ UNITED KINGDOM -- (11.8%) United Kingdom Gilt 4.250%, 12/07/27 GBP 2,875 4,904,312 4.750%, 12/07/30 GBP 54,300 99,950,487 ------------ TOTAL UNITED KINGDOM 104,854,799 ------------ TOTAL BONDS 854,244,445 ------------ AGENCY OBLIGATIONS -- (0.2%) Federal National Mortgage Association 7.250%, 05/15/30 1,300 1,936,429 ------------ U.S. TREASURY OBLIGATIONS -- (3.2%) U.S. Treasury Bonds 5.375%, 02/15/31 20,950 28,104,907 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $846,893,171)^^ $884,285,781 ============ DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Bonds Austria -- $ 35,018,031 -- $ 35,018,031 Belgium -- 35,145,924 -- 35,145,924 Canada -- 100,981,637 -- 100,981,637 Denmark -- 35,885,955 -- 35,885,955 Finland -- 34,959,971 -- 34,959,971 France -- 220,707,575 -- 220,707,575 Germany -- 54,844,612 -- 54,844,612 Netherlands -- 42,072,372 -- 42,072,372 Norway -- 5,562,102 -- 5,562,102 Singapore -- 35,032,679 -- 35,032,679 Supranational Organization Obligations -- 114,427,201 -- 114,427,201 Sweden -- 34,751,587 -- 34,751,587 United Kingdom -- 104,854,799 -- 104,854,799 Agency Obligations -- 1,936,429 -- 1,936,429 U.S. Treasury Obligations -- 28,104,907 -- 28,104,907 Forward Currency Contracts** -- (29,979,141) -- (29,979,141) -- ------------ -- ------------ TOTAL -- $854,306,640 -- $854,306,640 == ============ == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------- ------------ AGENCY OBLIGATIONS -- (33.2%) Federal Farm Credit Bank 5.350%, 08/07/20 4,693 $ 5,207,043 3.650%, 12/21/20 30,822 32,745,724 5.250%, 03/02/21 4,273 4,773,731 5.220%, 02/22/22 3,503 4,000,058 5.210%, 12/19/22 14,851 17,068,893 5.250%, 03/06/23 4,203 4,870,176 5.220%, 05/15/23 33,694 39,269,750 3.500%, 12/20/23 6,000 6,469,794 Federal Home Loan Bank 1.875%, 03/13/20 71,165 71,848,326 4.125%, 03/13/20 81,395 86,793,442 3.000%, 03/18/20 7,665 7,954,837 3.375%, 06/12/20 14,965 15,722,424 2.875%, 09/11/20 10,295 10,679,796 4.625%, 09/11/20 17,970 19,595,386 3.125%, 12/11/20 4,205 4,403,358 5.250%, 12/11/20 5,290 5,907,174 1.750%, 03/12/21 28,330 28,402,043 5.000%, 03/12/21 3,645 4,047,831 2.250%, 06/11/21 49,035 49,971,961 3.625%, 06/11/21 7,030 7,516,469 5.625%, 06/11/21 25,905 29,652,288 2.375%, 09/10/21 27,565 28,182,428 3.000%, 09/10/21 21,875 22,888,469 2.625%, 12/10/21 75,370 77,869,420 5.000%, 12/10/21 31,875 36,109,402 2.250%, 03/11/22 7,005 7,127,861 2.500%, 03/11/22 7,705 7,908,882 5.250%, 06/10/22 5,780 6,646,821 5.750%, 06/10/22 13,660 15,955,768 2.000%, 09/09/22 11,365 11,364,727 5.375%, 09/30/22 44,400 51,779,058 5.250%, 12/09/22 10,510 12,240,650 2.125%, 03/10/23 10,000 10,068,920 4.750%, 03/10/23 34,465 39,356,824 3.250%, 06/09/23 24,520 26,135,623 2.500%, 12/08/23 10,000 10,193,010 3.250%, 03/08/24 20,000 21,359,260 2.875%, 06/14/24 41,000 42,537,295 5.375%, 08/15/24 29,950 35,964,709 5.365%, 09/09/24 1,400 1,682,520 2.875%, 09/13/24 8,000 8,288,520 2.750%, 12/13/24 20,000 20,581,740 4.375%, 03/13/26 14,080 16,008,692 5.750%, 06/12/26 8,080 10,082,184 Tennessee Valley Authority 3.875%, 02/15/21 74,241 79,733,201 1.875%, 08/15/22 89,450 89,201,687 2.875%, 09/15/24 117,875 122,623,123 6.750%, 11/01/25 47,282 61,887,032 FACE AMOUNT (000) VALUE+ ---------- -------------- 2.875%, 02/01/27 90,000 $ 92,532,960 7.125%, 05/01/30 15,000 21,847,935 -------------- TOTAL AGENCY OBLIGATIONS 1,445,059,225 -------------- U.S. TREASURY OBLIGATIONS -- (66.5%) U.S. Treasury Bonds 8.125%, 05/15/21 44,583 55,129,520 8.125%, 08/15/21 90,711 113,356,570 7.250%, 08/15/22 65,541 82,514,693 6.250%, 08/15/23 100,259 124,732,547 7.500%, 11/15/24 92,352 126,244,992 6.875%, 08/15/25 75,630 102,096,875 6.000%, 02/15/26 88,833 115,204,778 6.750%, 08/15/26 98,183 134,625,506 6.625%, 02/15/27 98,828 135,860,833 5.250%, 11/15/28 95,132 122,426,831 5.250%, 02/15/29 98,750 127,453,457 6.125%, 08/15/29 102,528 142,706,160 6.250%, 05/15/30 107,289 152,707,149 5.375%, 02/15/31 100,000 134,152,300 U.S. Treasury Notes 3.125%, 05/15/21 106,635 112,345,627 2.000%, 10/31/21 64,843 65,501,343 1.500%, 02/28/23 94,000 91,840,914 1.500%, 03/31/23 89,000 86,875,837 1.250%, 07/31/23 62,000 59,394,078 1.625%, 10/31/23 74,000 72,308,952 2.750%, 11/15/23 87,000 90,765,447 2.750%, 02/15/24 105,538 110,031,805 2.500%, 05/15/24 31,000 31,824,662 2.250%, 11/15/24 85,500 86,164,592 2.000%, 02/15/25 80,000 79,109,360 2.125%, 05/15/25 80,000 79,706,240 2.000%, 08/15/25 144,000 141,913,152 1.625%, 02/15/26 44,000 41,922,012 1.625%, 05/15/26 46,000 43,716,192 1.500%, 08/15/26 41,000 38,464,724 -------------- TOTAL U.S. TREASURY OBLIGATIONS 2,901,097,148 -------------- TOTAL INVESTMENT SECURITIES 4,346,156,373 -------------- SHARES ---------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional U.S. Government Money Market Fund, 0.940% 14,149,725 14,149,725 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,343,777,443)^^ $4,360,306,098 ============== DFA INTERMEDIATE GOVERNMENT FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Agency Obligations -- $1,445,059,225 -- $1,445,059,225 U.S. Treasury Obligations -- 2,901,097,148 -- 2,901,097,148 Temporary Cash Investments $14,149,725 -- -- 14,149,725 ----------- -------------- -- -------------- TOTAL $14,149,725 $4,346,156,373 -- $4,360,306,098 =========== ============== == ============== DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- AGENCY OBLIGATIONS -- (0.3%) Federal Home Loan Bank 1.375%, 02/18/21 5,000 $ 4,955,825 Federal Home Loan Mortgage Corp. 1.000%, 09/29/17 764 763,841 Tennessee Valley Authority 1.750%, 10/15/18 8,303 8,348,177 ----------- TOTAL AGENCY OBLIGATIONS 14,067,843 ----------- BONDS -- (99.2%) 21st Century Fox America, Inc. 6.900%, 03/01/19 3,075 3,311,151 5.650%, 08/15/20 4,210 4,627,826 4.500%, 02/15/21 7,638 8,196,208 Abbott Laboratories 5.125%, 04/01/19 1,348 1,420,729 2.000%, 03/15/20 13,567 13,572,644 4.125%, 05/27/20 3,000 3,167,979 2.800%, 09/15/20 2,490 2,537,011 AbbVie, Inc. 2.500%, 05/14/20 24,891 25,280,544 Advance Auto Parts, Inc. 5.750%, 05/01/20 2,825 3,064,066 Aetna, Inc. 2.200%, 03/15/19 2,696 2,714,414 Agence Francaise de Developpement 1.625%, 01/21/20 25,000 24,835,000 Agilent Technologies, Inc. 6.500%, 11/01/17 1,754 1,773,234 5.000%, 07/15/20 1,690 1,816,564 Air Products & Chemicals, Inc. 3.000%, 11/03/21 5,000 5,157,165 Airgas, Inc. 3.050%, 08/01/20 6,528 6,701,057 Alberta, Province of Canada 1.900%, 12/06/19 10,000 10,024,130 1.750%, 08/26/20 15,000 14,936,865 1.350%, 09/01/21 CAD 10,000 7,811,430 Allergan Funding SCS 3.450%, 03/15/22 5,900 6,136,472 Alphabet, Inc. 3.625%, 05/19/21 1,000 1,064,281 Altria Group, Inc. 2.625%, 01/14/20 5,000 5,092,505 Amazon.com, Inc. 2.600%, 12/05/19 11,705 11,928,905 Ameren Corp. 2.700%, 11/15/20 1,000 1,015,693 American Express Credit Corp. 2.600%, 09/14/20 13,925 14,171,890 FACE AMOUNT^ (000) VALUE+ ------- ----------- American International Group, Inc. 2.300%, 07/16/19 9,017 $ 9,094,095 3.375%, 08/15/20 3,000 3,106,392 6.400%, 12/15/20 11,283 12,776,012 Ameriprise Financial, Inc. 5.300%, 03/15/20 6,957 7,532,365 AmerisourceBergen Corp. 3.500%, 11/15/21 2,000 2,079,942 Amgen, Inc. 2.200%, 05/22/19 10,625 10,716,630 3.450%, 10/01/20 4,990 5,207,928 4.100%, 06/15/21 5,000 5,321,930 Amphenol Corp. 2.550%, 01/30/19 452 456,138 Anheuser-Busch InBev Finance, Inc. 2.650%, 02/01/21 5,000 5,084,395 Anheuser-Busch InBev Worldwide, Inc. 5.375%, 01/15/20 3,933 4,265,087 Anthem, Inc. 2.250%, 08/15/19 10,725 10,803,968 AP Moeller - Maersk A.S. ## 2.875%, 09/28/20 3,000 3,056,007 Apache Corp. 6.900%, 09/15/18 200 210,584 3.250%, 04/15/22 19,465 19,860,354 Apple, Inc. 2.100%, 05/06/19 32,000 32,333,824 2.000%, 05/06/20 2,978 2,999,519 2.250%, 02/23/21 4,000 4,035,252 2.850%, 05/06/21 29,000 29,882,180 1.550%, 08/04/21 10,000 9,817,990 2.500%, 02/09/22 12,191 12,360,821 # 2.300%, 05/11/22 11,657 11,695,585 Applied Materials, Inc. 2.625%, 10/01/20 5,090 5,201,583 Arizona Public Service Co. 8.750%, 03/01/19 1,788 1,975,651 ASB Finance, Ltd. 0.500%, 06/10/22 EUR 1,000 1,185,051 Asian Development Bank 1.750%, 09/11/18 7,409 7,435,872 1.875%, 04/12/19 17,884 18,000,031 1.625%, 03/16/21 6,000 5,961,534 Associated Banc-Corp 2.750%, 11/15/19 447 451,249 Assurant, Inc. 2.500%, 03/15/18 5,303 5,334,351 AstraZeneca P.L.C. 2.375%, 11/16/20 23,256 23,551,491 AT&T, Inc. 5.500%, 02/01/18 3,645 3,715,203 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- 5.800%, 02/15/19 3,751 $ 3,977,080 4.600%, 02/15/21 8,793 9,404,175 3.800%, 03/15/22 11,600 12,138,194 Australia & New Zealand Banking Group, Ltd. 2.250%, 06/13/19 40,154 40,541,607 2.700%, 11/16/20 1,000 1,017,969 2.625%, 05/19/22 10,000 10,040,960 Autodesk, Inc. 3.125%, 06/15/20 14,337 14,663,124 Bank Nederlandse Gemeenten NV 1.375%, 09/27/17 11,622 11,623,825 1.375%, 03/19/18 20,754 20,749,932 4.375%, 02/16/21 11,000 11,905,278 1.625%, 04/19/21 20,000 19,774,720 ## 2.375%, 02/01/22 19,000 19,262,390 Bank of America Corp. 2.650%, 04/01/19 4,255 4,307,592 2.625%, 10/19/20 5,000 5,072,300 5.700%, 01/24/22 7,000 7,923,384 Bank of Montreal 2.375%, 01/25/19 273 275,432 2.100%, 12/12/19 5,041 5,066,749 1.900%, 08/27/21 32,954 32,675,802 Bank of New York Mellon Corp. (The) 5.450%, 05/15/19 2,309 2,456,363 2.150%, 02/24/20 23,063 23,257,606 Bank of Nova Scotia (The) 2.050%, 06/05/19 1,788 1,797,298 2.350%, 10/21/20 1,315 1,325,485 2.450%, 03/22/21 37,679 38,011,706 Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) ## 2.350%, 09/08/19 4,570 4,604,517 Barclays P.L.C. 2.750%, 11/08/19 26,424 26,744,021 Baxalta, Inc. 2.875%, 06/23/20 4,024 4,109,623 Bayer U.S. Finance LLC ## 2.375%, 10/08/19 5,616 5,674,844 BB&T Corp. 2.450%, 01/15/20 13,289 13,494,581 Beam Suntory, Inc. 1.750%, 06/15/18 16,605 16,583,281 Becton Dickinson and Co. 3.125%, 11/08/21 6,750 6,901,254 Berkshire Hathaway Finance Corp. 2.900%, 10/15/20 5,000 5,164,325 Berkshire Hathaway, Inc. 2.100%, 08/14/19 24,591 24,832,041 2.200%, 03/15/21 8,295 8,376,963 FACE AMOUNT^ (000) VALUE+ ------- ----------- Biogen, Inc. 2.900%, 09/15/20 19,046 $19,545,748 BlackRock, Inc. 5.000%, 12/10/19 2,193 2,358,885 4.250%, 05/24/21 2,850 3,070,051 BNP Paribas SA 2.450%, 03/17/19 6,336 6,408,040 Boston Scientific Corp. 2.850%, 05/15/20 9,273 9,411,474 BP Capital Markets P.L.C. 4.750%, 03/10/19 894 936,975 2.315%, 02/13/20 18,559 18,792,843 BPCE SA 2.500%, 12/10/18 1,250 1,261,996 2.500%, 07/15/19 4,024 4,066,900 2.250%, 01/27/20 18,309 18,361,803 Buckeye Partners L.P. 2.650%, 11/15/18 889 894,118 Burlington Northern Santa Fe LLC 4.700%, 10/01/19 2,630 2,794,530 Caisse d'Amortissement de la Dette Sociale 2.000%, 04/17/20 17,000 17,091,239 2.000%, 03/22/21 25,435 25,490,982 Canadian Pacific Railway Co. 7.250%, 05/15/19 2,576 2,804,378 Capital One Bank USA NA 2.300%, 06/05/19 4,471 4,486,944 Capital One Financial Corp. 2.450%, 04/24/19 11,883 11,970,994 Caterpillar Financial Services Corp. 2.450%, 09/06/18 360 363,334 CBS Corp. 2.300%, 08/15/19 14,110 14,208,657 5.750%, 04/15/20 1,341 1,466,768 CenterPoint Energy Resources Corp. 6.125%, 11/01/17 457 461,888 Chevron Corp. 1.718%, 06/24/18 31,067 31,130,936 1.961%, 03/03/20 19,050 19,135,992 1.991%, 03/03/20 2,500 2,511,738 2.419%, 11/17/20 37,151 37,674,792 2.100%, 05/16/21 25,500 25,543,911 2.498%, 03/03/22 10,030 10,155,084 Chubb INA Holdings, Inc. 2.300%, 11/03/20 8,000 8,090,992 Cisco Systems, Inc. 2.125%, 03/01/19 14,144 14,276,628 4.450%, 01/15/20 4,896 5,223,102 2.450%, 06/15/20 3,395 3,461,240 2.200%, 02/28/21 57,736 58,207,876 1.850%, 09/20/21 20,960 20,825,332 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- Citigroup, Inc. 2.500%, 09/26/18 10,282 $10,366,240 2.550%, 04/08/19 1,942 1,962,241 Citizens Bank NA 2.450%, 12/04/19 3,733 3,766,526 CNA Financial Corp. 7.350%, 11/15/19 7,117 7,933,491 5.875%, 08/15/20 1,000 1,105,808 Coca-Cola Co. (The) 1.150%, 04/01/18 3,593 3,588,509 1.875%, 10/27/20 16,673 16,718,601 3.150%, 11/15/20 1,020 1,061,534 1.550%, 09/01/21 2,500 2,462,268 3.300%, 09/01/21 14,000 14,710,682 # 2.200%, 05/25/22 20,425 20,511,071 Coca-Cola European Partners US LLC 3.500%, 09/15/20 4,591 4,789,625 Colgate-Palmolive Co. 1.750%, 03/15/19 1,565 1,571,365 Comerica, Inc. 2.125%, 05/23/19 2,057 2,058,405 Commonwealth Bank of Australia 2.500%, 09/20/18 4,634 4,677,824 2.250%, 03/13/19 4,471 4,505,597 2.300%, 09/06/19 38,525 38,898,731 ### 2.250%, 03/10/20 5,000 5,025,185 2.300%, 03/12/20 4,500 4,532,405 2.400%, 11/02/20 10,000 10,086,270 ## 2.000%, 09/06/21 5,000 4,927,510 ## 2.750%, 03/10/22 11,500 11,650,949 ConocoPhillips Co. 1.050%, 12/15/17 13,486 13,464,867 1.500%, 05/15/18 1,288 1,289,238 Constellation Brands, Inc. 2.700%, 05/09/22 4,935 4,967,907 Cooperatieve Rabobank UA 2.250%, 01/14/19 34,077 34,386,590 2.500%, 01/19/21 15,935 16,117,519 2.750%, 01/10/22 5,928 6,042,363 4.000%, 01/11/22 EUR 2,500 3,445,673 3.875%, 02/08/22 17,836 19,004,187 4.750%, 06/06/22 EUR 3,000 4,306,046 Corning, Inc. 4.250%, 08/15/20 2,850 3,037,393 Costco Wholesale Corp. 1.700%, 12/15/19 2 2,003 CPPIB Capital, Inc. ## 2.250%, 01/25/22 25,400 25,612,344 Crane Co. 2.750%, 12/15/18 13,057 13,213,971 Credit Suisse AG 2.300%, 05/28/19 17,157 17,312,477 FACE AMOUNT^ (000) VALUE+ ------- ----------- CVS Health Corp. 2.250%, 12/05/18 1,672 $ 1,683,410 2.250%, 08/12/19 5,370 5,412,734 Daimler Finance North America LLC ## 1.650%, 03/02/18 4,161 4,164,004 Daimler Finance North America LLC ## 2.250%, 03/02/20 9,750 9,790,755 Daiwa Securities Group, Inc. ## 3.129%, 04/19/22 10,000 10,112,640 Danone SA ## 2.077%, 11/02/21 5,000 4,943,345 Danske Bank A.S. ### 2.750%, 09/17/20 15,822 16,104,344 Deutsche Bank AG 6.000%, 09/01/17 10,004 10,036,743 2.500%, 02/13/19 5,942 5,979,357 2.500%, 02/13/19 1,650 1,660,423 3.125%, 01/13/21 4,900 4,964,151 Deutsche Telekom International Finance BV 6.000%, 07/08/19 6,741 7,260,003 ## 1.950%, 09/19/21 2,535 2,482,166 Development Bank of Japan, Inc. 1.875%, 10/03/18 4,890 4,895,653 Dollar General Corp. 1.875%, 04/15/18 10,692 10,697,923 Dominion Energy Gas Holdings LLC 2.800%, 11/15/20 5,000 5,081,200 Dominion Energy, Inc. 2.500%, 12/01/19 7,881 7,958,675 Dow Chemical Co. (The) 4.250%, 11/15/20 7,657 8,136,780 Dr. Pepper Snapple Group, Inc. 2.600%, 01/15/19 939 949,445 2.000%, 01/15/20 747 746,024 DTE Energy Co. 2.400%, 12/01/19 18,342 18,482,555 Duke Energy Corp. 1.625%, 08/15/17 4,196 4,196,432 5.050%, 09/15/19 586 623,952 Eastman Chemical Co. 2.700%, 01/15/20 3,756 3,803,378 eBay, Inc. 2.200%, 08/01/19 4,918 4,946,819 3.800%, 03/09/22 1,636 1,720,899 EI du Pont de Nemours & Co. 6.000%, 07/15/18 8,215 8,555,109 4.625%, 01/15/20 1,289 1,371,674 4.250%, 04/01/21 3,035 3,245,007 Electricite de France SA ## 2.350%, 10/13/20 1,500 1,514,043 Electronic Arts, Inc. 3.700%, 03/01/21 11,879 12,420,837 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- EMD Finance LLC ## 2.400%, 03/19/20 1,755 $ 1,767,782 Enterprise Products Operating LLC 5.250%, 01/31/20 1,788 1,922,411 EOG Resources, Inc. 5.875%, 09/15/17 8,178 8,218,219 ERAC USA Finance LLC ## 2.350%, 10/15/19 7,283 7,329,298 European Investment Bank 1.125%, 09/15/17 2,490 2,489,278 1.875%, 03/15/19 4,471 4,498,890 1.625%, 03/16/20 10,000 9,991,330 1.375%, 06/15/20 6,000 5,947,980 2.875%, 09/15/20 9,000 9,307,638 1.625%, 12/15/20 8,000 7,961,360 2.000%, 03/15/21 5,000 5,027,540 1.375%, 09/15/21 38,000 37,154,880 Eversource Energy 2.500%, 03/15/21 5,500 5,497,872 Exelon Corp. 2.850%, 06/15/20 1,399 1,426,674 2.450%, 04/15/21 1,560 1,558,116 Exelon Generation Co. LLC 2.950%, 01/15/20 7,064 7,212,775 Export Development Canada 1.375%, 10/21/21 7,800 7,629,866 Express Scripts Holding Co. 2.250%, 06/15/19 9,876 9,932,747 3.900%, 02/15/22 1,000 1,050,287 Exxon Mobil Corp. 1.819%, 03/15/19 21,614 21,706,076 1.912%, 03/06/20 8,143 8,178,284 2.222%, 03/01/21 45,395 45,827,705 FedEx Corp. # 2.300%, 02/01/20 4,340 4,379,268 Fidelity National Information Services, Inc. 3.625%, 10/15/20 6,415 6,708,576 2.250%, 08/15/21 2,500 2,482,498 Fifth Third Bancorp 2.300%, 03/01/19 9,810 9,874,452 Fiserv, Inc. 2.700%, 06/01/20 4,460 4,529,081 FMS Wertmanagement AoeR 1.000%, 11/21/17 5,755 5,750,488 Ford Motor Credit Co. LLC 5.000%, 05/15/18 17,685 18,125,109 # 2.459%, 03/27/20 5,365 5,388,713 # 3.157%, 08/04/20 11,533 11,792,504 Fortune Brands Home & Security, Inc. 3.000%, 06/15/20 6,500 6,599,671 FACE AMOUNT^ (000) VALUE+ ------- ------------ GATX Corp. 2.500%, 03/15/19 6,103 $ 6,154,515 GE Capital European Funding Unlimited Co. 4.350%, 11/03/21 EUR 2,463 3,419,857 0.800%, 01/21/22 EUR 1,750 2,112,671 GE Capital International Funding Co., Unlimited Co. 2.342%, 11/15/20 99,970 101,035,080 General Electric Co. 0.375%, 05/17/22 EUR 13,519 16,008,823 General Mills, Inc. 2.200%, 10/21/19 4,867 4,908,443 General Motors Financial Co., Inc. 3.200%, 07/06/21 4,759 4,836,381 # 3.450%, 01/14/22 14,123 14,404,104 Gilead Sciences, Inc. 2.550%, 09/01/20 2,000 2,040,914 4.500%, 04/01/21 1,198 1,295,504 Goldcorp, Inc. 3.625%, 06/09/21 4,553 4,725,800 Goldman Sachs Group, Inc. (The) 7.500%, 02/15/19 8,000 8,670,960 2.550%, 10/23/19 6,000 6,078,900 2.750%, 09/15/20 10,000 10,142,670 2.625%, 04/25/21 502 504,173 Harley-Davidson Financial Services, Inc. ## 2.150%, 02/26/20 21,047 21,018,376 Harris Corp. 2.700%, 04/27/20 4,247 4,285,295 Hartford Financial Services Group, Inc. (The) 5.500%, 03/30/20 5,100 5,540,405 Hershey Co. (The) # 4.125%, 12/01/20 700 748,908 Hewlett Packard Enterprise Co. 3.600%, 10/15/20 10,000 10,347,500 Home Depot, Inc. (The) 2.000%, 06/15/19 11,061 11,156,235 HSBC USA, Inc. 2.375%, 11/13/19 2,683 2,714,415 2.350%, 03/05/20 8,942 9,028,943 Humana, Inc. 2.625%, 10/01/19 3,845 3,892,997 Huntington Bancshares, Inc. 2.600%, 08/02/18 19,992 20,174,647 Iberdrola Finance Ireland, Ltd. ## 5.000%, 09/11/19 6,662 7,051,147 Indiana Michigan Power Co. 7.000%, 03/15/19 2,236 2,414,712 ING Bank NV ## 2.500%, 10/01/19 1,025 1,034,209 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- ## 2.750%, 03/22/21 6,000 $ 6,091,986 Integrys Holding, Inc. 4.170%, 11/01/20 1,000 1,055,647 Intel Corp. 2.450%, 07/29/20 12,471 12,704,083 3.300%, 10/01/21 5,000 5,248,000 Inter-American Development Bank 0.875%, 03/15/18 4,303 4,291,218 1.875%, 06/16/20 7,000 7,031,150 2.125%, 11/09/20 35,000 35,332,745 Intercontinental Exchange, Inc. 2.500%, 10/15/18 7,996 8,068,124 International Bank for Reconstruction & Development 1.375%, 05/24/21 5,000 4,907,985 # 2.250%, 06/24/21 6,000 6,079,656 International Business Machines Corp. # 1.950%, 02/12/19 4,223 4,243,735 1.875%, 05/15/19 4,511 4,534,669 1.625%, 05/15/20 5,859 5,833,789 2.250%, 02/19/21 4,000 4,031,084 2.500%, 01/27/22 5,000 5,068,270 International Finance Corp. 0.875%, 06/15/18 2,490 2,480,057 Intesa Sanpaolo SpA 3.875%, 01/16/18 1,797 1,812,603 Japan Finance Organization for Municipalities 2.500%, 09/12/18 6,886 6,924,321 2.125%, 03/06/19 4,472 4,470,824 Jefferies Group LLC 5.125%, 04/13/18 1,557 1,591,920 Jersey Central Power & Light Co. 7.350%, 02/01/19 7,492 8,049,442 John Deere Capital Corp. 2.050%, 03/10/20 27,500 27,687,000 Johnson & Johnson 1.650%, 03/01/21 9,000 8,944,479 2.250%, 03/03/22 5,000 5,061,320 JPMorgan Chase & Co. 6.300%, 04/23/19 894 961,299 2.250%, 01/23/20 6,729 6,779,656 2.550%, 10/29/20 11,000 11,156,387 4.350%, 08/15/21 4,994 5,382,194 KeyBank NA 2.500%, 12/15/19 4,467 4,530,668 KeyCorp 2.900%, 09/15/20 11,259 11,500,539 5.100%, 03/24/21 8,008 8,789,284 KFW 1.500%, 04/20/20 22,500 22,415,085 FACE AMOUNT^ (000) VALUE+ ------- ----------- Kommunalbanken A.S. 1.000%, 09/26/17 3,322 $ 3,320,505 1.000%, 03/15/18 24,908 24,847,972 1.750%, 05/28/19 17,884 17,930,069 1.625%, 02/10/21 15,000 14,872,200 Kommunekredit 1.125%, 03/15/18 8,303 8,289,549 Kommuninvest I Sverige AB 1.000%, 10/24/17 15,606 15,594,264 2.000%, 11/12/19 9,471 9,546,162 0.250%, 06/01/22 SEK 183,000 22,262,567 Koninklijke Philips NV 3.750%, 03/15/22 1,218 1,284,346 Kreditanstalt fuer Wiederaufbau 1.875%, 04/01/19 6,259 6,299,640 2.125%, 03/07/22 5,000 5,034,590 Kroger Co. (The) 2.300%, 01/15/19 11,572 11,642,311 3.400%, 04/15/22 10,000 10,320,750 L3 Technologies, Inc. 4.750%, 07/15/20 4,650 4,983,935 Laboratory Corp. of America Holdings 2.200%, 08/23/17 17,349 17,354,083 2.625%, 02/01/20 7,623 7,706,098 Lam Research Corp. 2.750%, 03/15/20 8,942 9,123,067 Landeskreditbank Baden-Wuerttemberg Foerderbank 1.375%, 07/21/21 5,000 4,891,705 Legg Mason, Inc. 2.700%, 07/15/19 9,258 9,352,811 Liberty Mutual Group, Inc. ## 5.000%, 06/01/21 2,500 2,723,283 Lincoln National Corp. 6.250%, 02/15/20 3,215 3,529,520 4.850%, 06/24/21 1,270 1,376,585 Lloyds Bank P.L.C. 2.700%, 08/17/20 1,600 1,629,944 Lloyds Banking Group P.L.C. 3.100%, 07/06/21 6,750 6,873,619 3.000%, 01/11/22 6,000 6,064,206 Lockheed Martin Corp. 2.500%, 11/23/20 7,500 7,633,462 LyondellBasell Industries NV 5.000%, 04/15/19 2,490 2,599,978 Macquarie Group, Ltd. ## 3.000%, 12/03/18 20,235 20,489,091 Manufacturers & Traders Trust Co. 2.250%, 07/25/19 1,580 1,592,095 2.100%, 02/06/20 29,557 29,690,302 Marriott International, Inc. 6.750%, 05/15/18 4,264 4,422,919 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- 3.000%, 03/01/19 2,835 $ 2,879,521 Marsh & McLennan Cos., Inc. 2.350%, 09/10/19 4,471 4,503,513 2.350%, 03/06/20 1,000 1,008,940 2.750%, 01/30/22 4,650 4,709,929 MasterCard, Inc. 2.000%, 04/01/19 8,704 8,778,019 Mattel, Inc. 1.700%, 03/15/18 4,887 4,884,024 2.350%, 05/06/19 20,051 20,083,282 2.350%, 08/15/21 11,000 10,821,195 Maxim Integrated Products, Inc. 2.500%, 11/15/18 5,464 5,510,143 McDonald's Corp. 5.350%, 03/01/18 1,314 1,343,677 3.500%, 07/15/20 5,678 5,933,907 McKesson Corp. 1.400%, 03/15/18 5,399 5,394,719 Medtronic, Inc. 2.500%, 03/15/20 4,195 4,271,349 Merck & Co., Inc. 1.850%, 02/10/20 4,450 4,463,608 MetLife, Inc. 7.717%, 02/15/19 2,743 2,989,140 Microsoft Corp. 1.625%, 12/06/18 7,227 7,241,519 1.850%, 02/12/20 21,640 21,731,061 3.000%, 10/01/20 5,000 5,183,640 2.000%, 11/03/20 33,993 34,238,633 1.550%, 08/08/21 10,978 10,805,865 Mitsubishi UFJ Financial Group, Inc. 2.950%, 03/01/21 3,000 3,057,282 Mizuho Bank, Ltd. ## 2.450%, 04/16/19 5,052 5,091,997 ## 2.700%, 10/20/20 11,960 12,088,977 Mizuho Financial Group, Inc. ## 2.632%, 04/12/21 5,000 5,013,315 Molson Coors Brewing Co. 2.100%, 07/15/21 3,000 2,964,747 Mondelez International Holdings Netherlands BV ## 2.000%, 10/28/21 13,012 12,750,290 Monsanto Co. 1.850%, 11/15/18 25,011 25,011,525 2.125%, 07/15/19 2,236 2,246,371 Morgan Stanley 7.300%, 05/13/19 3,365 3,673,648 Municipality Finance P.L.C. 1.125%, 04/17/18 5,755 5,743,214 1.500%, 03/23/20 10,000 9,942,540 1.375%, 09/21/21 7,500 7,307,175 2.375%, 03/15/22 10,000 10,129,700 FACE AMOUNT^ (000) VALUE+ ------- ----------- Mylan NV 3.750%, 12/15/20 6,065 $ 6,325,552 Mylan, Inc. # 2.550%, 03/28/19 9,089 9,158,758 National Australia Bank, Ltd. 2.250%, 07/01/19 15,626 15,747,430 ## 2.400%, 12/09/19 8,492 8,559,579 # 2.625%, 07/23/20 5,339 5,411,034 2.625%, 01/14/21 2,000 2,026,102 1.875%, 07/12/21 5,500 5,405,004 2.800%, 01/10/22 24,500 24,880,730 2.500%, 05/22/22 30,000 29,957,700 Nationwide Building Society ## 2.350%, 01/21/20 480 483,102 Nederlandse Waterschapsbank NV 1.875%, 03/13/19 53,652 53,896,492 1.625%, 03/04/20 30,000 29,877,360 Nestle Holdings, Inc. 1.875%, 03/09/21 10,000 9,989,160 NetApp, Inc. 2.000%, 12/15/17 8,303 8,303,448 3.375%, 06/15/21 8,650 8,888,506 NextEra Energy Capital Holdings, Inc. 2.400%, 09/15/19 9,378 9,446,816 Nissan Motor Acceptance Corp. ## 2.550%, 03/08/21 16,249 16,373,646 Noble Energy, Inc. 4.150%, 12/15/21 4,000 4,230,560 Nomura Holdings, Inc. 2.750%, 03/19/19 16,440 16,636,639 Nordea Bank AB 1.625%, 05/15/18 1,923 1,924,367 2.375%, 04/04/19 15,005 15,108,339 ## 2.500%, 09/17/20 6,000 6,067,302 Nordic Investment Bank 1.875%, 06/14/19 9,471 9,536,511 2.125%, 02/01/22 7,500 7,557,600 Nordstrom, Inc. 4.750%, 05/01/20 13,135 13,824,207 NRW Bank 1.875%, 07/01/19 17,884 17,903,815 Nucor Corp. 5.750%, 12/01/17 1,992 2,017,677 Nuveen Finance LLC ## 2.950%, 11/01/19 9,568 9,736,148 NVIDIA Corp. 2.200%, 09/16/21 1,830 1,822,305 Occidental Petroleum Corp. 4.100%, 02/01/21 542 578,699 Oesterreichische Kontrollbank AG 1.125%, 05/29/18 11,605 11,580,235 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- Omnicom Group, Inc. 4.450%, 08/15/20 550 $ 587,155 ONE Gas, Inc. 2.070%, 02/01/19 4,199 4,210,035 Oracle Corp. 2.800%, 07/08/21 6,536 6,731,426 1.900%, 09/15/21 97,577 97,040,131 2.500%, 05/15/22 5,000 5,070,005 Pacific Gas & Electric Co. 3.500%, 10/01/20 900 935,778 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 2.500%, 06/15/19 5,000 5,047,325 ## 3.050%, 01/09/20 828 846,775 ## 3.375%, 02/01/22 10,000 10,336,790 Pernod Ricard SA ## 5.750%, 04/07/21 620 692,908 ## 4.450%, 01/15/22 5,327 5,750,278 Perrigo Finance Unlimited Co. 3.500%, 03/15/21 5,056 5,215,133 Petro-Canada 6.050%, 05/15/18 4,982 5,144,154 Pfizer, Inc. 2.100%, 05/15/19 5,000 5,051,810 1.950%, 06/03/21 27,847 27,874,429 2.200%, 12/15/21 15,000 15,154,125 0.250%, 03/06/22 EUR 6,200 7,345,735 Phillips 66 Partners L.P. 2.646%, 02/15/20 6,873 6,907,049 PNC Bank NA 2.400%, 10/18/19 17,154 17,355,611 2.300%, 06/01/20 1,200 1,210,403 2.600%, 07/21/20 4,800 4,880,035 Procter & Gamble Co. (The) 1.850%, 02/02/21 8,670 8,663,315 Progress Energy, Inc. 4.875%, 12/01/19 4,672 4,961,379 Progressive Corp. (The) 3.750%, 08/23/21 706 744,857 Province of Manitoba Canada 2.050%, 11/30/20 3,800 3,817,419 2.125%, 05/04/22 10,000 9,967,260 Province of Ontario Canada 4.400%, 04/14/20 28,000 29,866,452 1.875%, 05/21/20 15,000 15,011,130 2.500%, 09/10/21 59,530 60,503,315 1.350%, 03/08/22 CAD 20,000 15,526,128 2.250%, 05/18/22 5,000 5,012,905 3.150%, 06/02/22 CAD 19,000 15,951,771 Province of Quebec Canada 3.500%, 07/29/20 53,000 55,518,878 2.750%, 08/25/21 10,000 10,269,610 2.375%, 01/31/22 40,718 41,139,065 FACE AMOUNT^ (000) VALUE+ ------- ----------- Prudential Financial, Inc. 2.350%, 08/15/19 13,413 $13,532,604 5.375%, 06/21/20 1,700 1,857,468 4.500%, 11/15/20 7,000 7,523,964 PSEG Power LLC 2.450%, 11/15/18 6,831 6,866,562 5.125%, 04/15/20 11,108 11,885,382 Puget Energy, Inc. 6.500%, 12/15/20 3,363 3,774,181 QUALCOMM, Inc. 2.250%, 05/20/20 8,235 8,329,447 Raytheon Co. 3.125%, 10/15/20 3,000 3,124,188 Regions Financial Corp. 3.200%, 02/08/21 10,500 10,761,093 Republic Services, Inc. 3.800%, 05/15/18 4,507 4,585,088 5.500%, 09/15/19 5,333 5,726,549 Reynolds American, Inc. 2.300%, 08/21/17 8,891 8,893,970 Roper Technologies, Inc. 2.050%, 10/01/18 1,500 1,505,259 2.800%, 12/15/21 1,000 1,011,051 Royal Bank of Canada 2.125%, 03/02/20 22,338 22,451,187 2.150%, 03/06/20 3,715 3,732,223 2.350%, 10/30/20 7,428 7,498,752 2.500%, 01/19/21 12,750 12,908,546 2.750%, 02/01/22 24,000 24,469,704 1.968%, 03/02/22 CAD 5,000 3,941,368 Ryder System, Inc. 2.500%, 03/01/18 2,902 2,913,466 2.650%, 03/02/20 7,000 7,093,562 Sanofi 4.000%, 03/29/21 13,262 14,129,467 Santander Holdings USA, Inc. 2.650%, 04/17/20 3,000 3,011,088 Santander UK Group Holdings P.L.C. 3.125%, 01/08/21 15,000 15,279,075 Santander UK P.L.C. 2.375%, 03/16/20 2,824 2,852,963 Scripps Networks Interactive, Inc. 2.750%, 11/15/19 19,864 20,078,829 Sempra Energy 2.850%, 11/15/20 5,400 5,498,442 Shell International Finance BV 2.000%, 11/15/18 14,626 14,708,066 4.300%, 09/22/19 4,471 4,706,358 4.375%, 03/25/20 2,750 2,931,841 2.125%, 05/11/20 17,155 17,292,412 2.250%, 11/10/20 18,999 19,194,899 1.875%, 05/10/21 32,626 32,398,010 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- 1.750%, 09/12/21 27,855 $27,516,395 Societe Generale SA ## 2.625%, 09/16/20 17,000 17,231,251 ## 2.500%, 04/08/21 4,200 4,221,437 Solvay Finance America LLC ## 3.400%, 12/03/20 10,000 10,366,350 Southern Co. (The) 2.750%, 06/15/20 9,683 9,830,869 Southwest Airlines Co. 2.750%, 11/06/19 17,072 17,350,257 2.650%, 11/05/20 4,500 4,566,857 Starbucks Corp. 2.100%, 02/04/21 1,770 1,781,464 State of North Rhine-Westphalia 1.625%, 01/22/20 23,450 23,365,322 State Street Corp. 2.550%, 08/18/20 13,652 13,929,709 Statoil ASA 1.200%, 01/17/18 1,955 1,952,502 1.150%, 05/15/18 11,682 11,647,246 1.950%, 11/08/18 7,785 7,811,088 2.250%, 11/08/19 7,500 7,574,947 2.900%, 11/08/20 2,780 2,852,316 3.150%, 01/23/22 2,692 2,773,770 Stryker Corp. 2.625%, 03/15/21 6,121 6,240,972 Sumitomo Mitsui Banking Corp. 2.450%, 01/10/19 13,227 13,345,091 Sumitomo Mitsui Financial Group, Inc. 2.934%, 03/09/21 4,000 4,079,496 2.058%, 07/14/21 10,000 9,858,590 SunTrust Banks, Inc. 2.500%, 05/01/19 7,530 7,608,688 2.900%, 03/03/21 14,765 15,040,500 Svensk Exportkredit AB 1.875%, 06/17/19 5,836 5,866,458 1.750%, 08/28/20 6,000 5,993,280 2.375%, 03/09/22 10,000 10,153,040 Svenska Handelsbanken AB 2.500%, 01/25/19 27,669 27,978,118 2.250%, 06/17/19 8,942 9,011,926 2.400%, 10/01/20 3,720 3,766,481 2.450%, 03/30/21 1,930 1,943,396 0.250%, 02/28/22 EUR 1,000 1,182,070 Sweden Government Bond 3.500%, 06/01/22 SEK 432,000 62,453,102 Sysco Corp. 2.600%, 10/01/20 16,190 16,427,313 Target Corp. 2.300%, 06/26/19 2,254 2,285,292 TD Ameritrade Holding Corp. 5.600%, 12/01/19 1,788 1,934,661 FACE AMOUNT^ (000) VALUE+ ------- ----------- Tech Data Corp. 3.750%, 09/21/17 4,151 $ 4,160,057 Telefonica Emisiones SAU 3.192%, 04/27/18 950 959,476 5.877%, 07/15/19 1,000 1,074,844 5.134%, 04/27/20 10,180 11,001,312 Thermo Fisher Scientific, Inc. 2.400%, 02/01/19 8,455 8,523,900 Thomson Reuters Corp. 1.650%, 09/29/17 800 800,289 3.950%, 09/30/21 6,115 6,419,240 Time Warner, Inc. 4.700%, 01/15/21 7,900 8,524,179 Toronto-Dominion Bank (The) 1.400%, 04/30/18 1,779 1,778,247 2.125%, 07/02/19 31,297 31,562,555 2.500%, 12/14/20 20,000 20,309,340 2.125%, 04/07/21 18,138 18,174,784 1.800%, 07/13/21 18,605 18,403,266 1.994%, 03/23/22 CAD 5,000 3,946,822 Total Capital International SA 2.125%, 01/10/19 9,066 9,137,766 2.100%, 06/19/19 27,483 27,716,028 2.750%, 06/19/21 6,000 6,130,038 2.875%, 02/17/22 7,000 7,175,371 Total Capital SA 4.125%, 01/28/21 10,000 10,678,130 Total System Services, Inc. 2.375%, 06/01/18 4,011 4,024,244 Toyota Motor Credit Corp. 2.100%, 01/17/19 24,526 24,739,940 # 2.125%, 07/18/19 17,540 17,705,297 4.500%, 06/17/20 10,000 10,711,710 # 1.900%, 04/08/21 40,243 40,021,744 2.750%, 05/17/21 8,500 8,698,594 2.600%, 01/11/22 5,988 6,113,209 3.300%, 01/12/22 1,484 1,549,155 Tyson Foods, Inc. 2.650%, 08/15/19 19,752 20,041,268 UBS AG 2.375%, 08/14/19 2,778 2,802,427 2.350%, 03/26/20 8,079 8,160,921 Union Pacific Corp. 2.250%, 02/15/19 1,189 1,200,076 1.800%, 02/01/20 7,154 7,152,963 UnitedHealth Group, Inc. 1.400%, 10/15/17 956 955,702 4.700%, 02/15/21 2,040 2,205,772 Unum Group 3.000%, 05/15/21 1,000 1,010,853 US Bank NA 2.125%, 10/28/19 6,432 6,484,086 DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- USAA Capital Corp. ## 2.000%, 06/01/21 5,000 $ 4,941,460 Valero Energy Corp. 9.375%, 03/15/19 5,009 5,593,610 Verizon Communications, Inc. 3.650%, 09/14/18 3,055 3,122,995 2.550%, 06/17/19 1,308 1,327,150 4.500%, 09/15/20 2,350 2,512,441 3.125%, 03/16/22 7,858 8,010,351 Viacom, Inc. 2.750%, 12/15/19 3,297 3,337,237 Vodafone Group P.L.C. 5.450%, 06/10/19 1,732 1,843,319 4.375%, 03/16/21 4,525 4,834,772 Volkswagen Group of America Finance LLC ## 2.125%, 05/23/19 7,431 7,451,093 ## 2.400%, 05/22/20 5,911 5,942,210 Wal-Mart Stores, Inc. 4.250%, 04/15/21 4,000 4,328,008 Walgreens Boots Alliance, Inc. 3.300%, 11/18/21 4,000 4,144,576 Walt Disney Co. (The) 2.150%, 09/17/20 8,942 9,010,263 WEC Energy Group, Inc. 2.450%, 06/15/20 14,176 14,369,318 Wells Fargo & Co. 2.125%, 04/22/19 8,413 8,470,831 2.600%, 07/22/20 8,000 8,136,248 Westpac Banking Corp. 4.875%, 11/19/19 6,145 6,549,028 2.600%, 11/23/20 29,052 29,467,037 # 2.100%, 05/13/21 7,632 7,581,033 2.800%, 01/11/22 15,512 15,791,821 2.500%, 06/28/22 9,789 9,795,050 Wm Wrigley Jr Co. ## 2.900%, 10/21/19 1,484 1,510,246 Wyndham Worldwide Corp. 2.500%, 03/01/18 7,146 7,175,649 4.250%, 03/01/22 2,967 3,127,357 Xcel Energy, Inc. 2.400%, 03/15/21 4,070 4,100,460 Xerox Corp. ## 4.070%, 03/17/22 10,246 10,536,853 Xilinx, Inc. 2.125%, 03/15/19 4,969 4,987,390 Zimmer Biomet Holdings, Inc. 2.700%, 04/01/20 4,632 4,688,112 FACE AMOUNT^ (000) VALUE+ --------- -------------- Zoetis, Inc. 3.450%, 11/13/20 12,400 $ 12,852,811 -------------- TOTAL BONDS 5,331,907,576 -------------- TOTAL INVESTMENT SECURITIES 5,345,975,419 -------------- SHARES --------- SECURITIES LENDING COLLATERAL -- (0.5%) (S)@ DFA Short Term Investment Fund 2,263,588 26,194,240 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $5,342,807,534)^^ $5,372,169,659 ============== DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Agency Obligations -- $ 14,067,843 -- $ 14,067,843 Bonds -- 5,331,907,576 -- 5,331,907,576 Securities Lending Collateral -- 26,194,240 -- 26,194,240 Forward Currency Contracts** -- (5,218,321) -- (5,218,321) -- -------------- -- -------------- TOTAL -- $5,366,951,338 -- $5,366,951,338 == ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ----------- AGENCY OBLIGATIONS -- (3.4%) Federal Farm Credit Bank 2.630%, 08/03/26 3,173 $ 3,181,231 5.770%, 01/05/27 1,058 1,321,403 Federal Home Loan Bank 5.750%, 06/12/26 1,260 1,572,222 Federal Home Loan Mortgage Corporation 6.750%, 09/15/29 8,814 12,472,735 Federal National Mortgage Association 6.250%, 05/15/29 17,628 23,918,252 7.125%, 01/15/30 3,526 5,153,256 6.625%, 11/15/30 2,000 2,859,494 Tennessee Valley Authority 6.750%, 11/01/25 3,596 4,706,776 7.125%, 05/01/30 2,108 3,070,363 ----------- TOTAL AGENCY OBLIGATIONS 58,255,732 ----------- BONDS -- (89.5%) 21st Century Fox America, Inc. 3.700%, 09/15/24 2,468 2,576,168 3M Co. 6.375%, 02/15/28 2,000 2,580,736 Abbott Laboratories 2.950%, 03/15/25 6,870 6,748,092 AbbVie, Inc. # 3.600%, 05/14/25 9,500 9,812,550 Activision Blizzard, Inc. # 3.400%, 06/15/27 600 600,998 Adobe Systems, Inc. 3.250%, 02/01/25 1,058 1,093,179 Advance Auto Parts, Inc. 4.500%, 12/01/23 1,500 1,601,631 Aetna, Inc. 3.500%, 11/15/24 4,942 5,133,705 Affiliated Managers Group, Inc. 3.500%, 08/01/25 1,410 1,406,169 Aflac, Inc. 3.625%, 11/15/24 1,099 1,160,088 3.250%, 03/17/25 6,064 6,170,927 Ahold Finance USA LLC 6.875%, 05/01/29 388 488,806 Airbus SE ## 3.150%, 04/10/27 1,000 1,014,780 Alabama Power Co. 2.800%, 04/01/25 1,410 1,388,153 Albemarle Corp. 4.150%, 12/01/24 3,335 3,514,923 Allergan Funding SCS 3.800%, 03/15/25 9,592 9,994,375 FACE AMOUNT (000) VALUE+ ------ ---------- Alphabet, Inc. 1.998%, 08/15/26 4,000 $3,776,240 American Express Credit Corp. 3.300%, 05/03/27 8,500 8,562,161 American Honda Finance Corp. 2.300%, 09/09/26 1,500 1,417,955 American International Group, Inc. 4.125%, 02/15/24 3,763 4,001,111 3.750%, 07/10/25 2,000 2,068,390 3.900%, 04/01/26 4,000 4,153,060 American Water Capital Corp. 3.850%, 03/01/24 1,166 1,240,997 Ameriprise Financial, Inc. 3.700%, 10/15/24 7,090 7,426,187 2.875%, 09/15/26 1,000 976,142 AmerisourceBergen Corp. 3.400%, 05/15/24 673 692,414 Amgen, Inc. # 3.625%, 05/22/24 3,526 3,707,727 3.125%, 05/01/25 2,763 2,793,473 2.600%, 08/19/26 3,000 2,873,619 Analog Devices, Inc. 3.900%, 12/15/25 4,502 4,741,124 Anheuser-Busch InBev Finance, Inc. 3.650%, 02/01/26 8,000 8,273,472 Anthem, Inc. 3.500%, 08/15/24 3,491 3,613,960 ANZ New Zealand International Ltd. ### 3.450%, 07/17/27 9,000 9,070,083 Aon P.L.C. 4.000%, 11/27/23 2,203 2,344,441 3.500%, 06/14/24 4,331 4,449,743 AP Moeller - Maersk A.S. ## 3.750%, 09/22/24 1,000 1,009,376 ## 3.875%, 09/28/25 1,000 1,013,570 Apple, Inc. 3.450%, 05/06/24 8,814 9,245,260 2.500%, 02/09/25 2,763 2,714,659 3.350%, 02/09/27 8,000 8,219,456 3.200%, 05/11/27 4,405 4,469,740 # 3.000%, 06/20/27 4,000 3,996,804 Applied Materials, Inc. 3.300%, 04/01/27 1,111 1,135,269 Archer-Daniels-Midland Co. 2.500%, 08/11/26 5,613 5,401,351 Arizona Public Service Co. # 3.150%, 05/15/25 3,349 3,385,045 Arrow Electronics, Inc. 3.875%, 01/12/28 2,500 2,521,370 Assurant, Inc. 4.000%, 03/15/23 3,526 3,656,406 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- AstraZeneca P.L.C. 3.375%, 11/16/25 8,300 $ 8,520,689 AT&T, Inc. 3.950%, 01/15/25 1,087 1,115,435 3.400%, 05/15/25 8,182 8,062,093 Australia & New Zealand Banking Group, Ltd. # 3.700%, 11/16/25 5,000 5,278,115 Autodesk, Inc. 4.375%, 06/15/25 6,017 6,410,987 3.500%, 06/15/27 1,875 1,866,008 Automatic Data Processing, Inc. 3.375%, 09/15/25 5,000 5,229,310 AutoZone, Inc. 3.250%, 04/15/25 3,133 3,091,184 Avnet, Inc. 4.625%, 04/15/26 5,850 6,068,147 Bank of America Corp. 4.000%, 04/01/24 5,993 6,331,305 Bank of New York Mellon Corp. (The) 3.650%, 02/04/24 7,797 8,213,555 3.000%, 02/24/25 1,410 1,412,865 Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 3.250%, 09/08/24 1,763 1,807,232 Barclays P.L.C. 3.650%, 03/16/25 6,080 6,092,245 4.375%, 01/12/26 2,700 2,826,873 BAT International Finance P.L.C. 3.950%, 06/15/25 1,500 1,567,208 Baxter International, Inc. 2.600%, 08/15/26 5,578 5,329,316 Bayer U.S. Finance LLC ## 3.375%, 10/08/24 8,831 9,087,276 Beam Suntory, Inc. 3.250%, 06/15/23 2,195 2,256,372 Becton Dickinson and Co. 3.734%, 12/15/24 630 648,773 Bed Bath & Beyond, Inc. # 3.749%, 08/01/24 700 698,846 Berkshire Hathaway, Inc. 3.125%, 03/15/26 17,240 17,573,025 Biogen, Inc. # 4.050%, 09/15/25 8,000 8,563,104 BlackRock, Inc. 3.200%, 03/15/27 15,000 15,265,965 BMW U.S. Capital LLC ### 2.800%, 04/11/26 5,500 5,385,325 ### 3.300%, 04/06/27 4,000 4,049,196 Boeing Co. (The) 2.500%, 03/01/25 3,526 3,445,699 FACE AMOUNT (000) VALUE+ ------ ----------- Boston Scientific Corp. 4.125%, 10/01/23 811 $ 868,489 BP Capital Markets P.L.C. 3.535%, 11/04/24 1,234 1,276,608 3.017%, 01/16/27 7,000 6,875,407 BPCE SA 4.000%, 04/15/24 7,164 7,599,657 British Columbia, Province of Canada 6.500%, 01/15/26 4,363 5,518,549 Brown & Brown, Inc. 4.200%, 09/15/24 5,261 5,556,752 Buckeye Partners L.P. 4.150%, 07/01/23 1,058 1,101,111 3.950%, 12/01/26 2,275 2,271,506 Burlington Northern Santa Fe LLC 3.000%, 04/01/25 2,357 2,397,602 7.000%, 12/15/25 472 605,146 CA, Inc. 4.700%, 03/15/27 3,900 4,093,530 Campbell Soup Co. 3.300%, 03/19/25 4,229 4,301,011 Canadian Pacific Railway Co. 2.900%, 02/01/25 1,666 1,650,318 3.700%, 02/01/26 2,115 2,192,821 Capital One Financial Corp. 3.750%, 04/24/24 1,939 1,997,711 Cardinal Health, Inc. 3.410%, 06/15/27 9,000 9,087,381 CBS Corp. 3.500%, 01/15/25 1,058 1,075,697 2.900%, 01/15/27 4,600 4,394,789 Celgene Corp. 4.000%, 08/15/23 2,627 2,820,473 3.625%, 05/15/24 1,763 1,844,216 Charles Schwab Corp. (The) 3.000%, 03/10/25 4,689 4,713,528 Chevron Corp. 2.954%, 05/16/26 13,500 13,534,655 Chubb INA Holdings, Inc. 3.350%, 05/15/24 2,820 2,925,874 Cigna Corp. 3.250%, 04/15/25 5,750 5,821,473 Citigroup, Inc. 3.750%, 06/16/24 1,410 1,464,568 3.300%, 04/27/25 6,231 6,260,934 Clorox Co. (The) 3.500%, 12/15/24 1,763 1,825,821 CME Group, Inc. 3.000%, 03/15/25 471 476,376 CMS Energy Corp. 3.875%, 03/01/24 705 737,544 3.600%, 11/15/25 2,800 2,880,979 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- CNA Financial Corp. 4.500%, 03/01/26 6,830 $ 7,372,582 Coach, Inc. # 4.250%, 04/01/25 8,534 8,825,897 Coca-Cola Co. (The) 2.250%, 09/01/26 1,500 1,431,971 2.900%, 05/25/27 4,000 4,002,740 Comcast Corp. 3.375%, 08/15/25 1,234 1,275,717 3.150%, 03/01/26 4,000 4,047,200 Commonwealth Bank of Australia ### 2.850%, 05/18/26 18,373 17,947,518 Computer Sciences Corp. 4.450%, 09/15/22 1,763 1,882,129 ConocoPhillips Co. 3.350%, 11/15/24 2,468 2,540,700 4.950%, 03/15/26 5,000 5,626,670 Consolidated Edison Co. of New York, Inc. 3.300%, 12/01/24 705 725,692 Cooperatieve Rabobank UA 3.375%, 05/21/25 13,000 13,467,870 Corning, Inc. 3.700%, 11/15/23 1,493 1,560,022 Cox Communications, Inc. ### 3.850%, 02/01/25 5,741 5,810,305 CR Bard, Inc. 3.000%, 05/15/26 1,000 1,008,165 Credit Agricole SA 3.875%, 04/15/24 5,678 6,014,705 Credit Suisse New York 3.625%, 09/09/24 6,299 6,546,488 CSX Corp. 3.400%, 08/01/24 3,000 3,106,701 CVS Health Corp. # 3.375%, 08/12/24 5,243 5,354,781 3.875%, 07/20/25 3,210 3,367,277 Cytec Industries, Inc. 3.500%, 04/01/23 2,115 2,147,275 Daimler Finance North America LLC ## 3.250%, 08/01/24 1,128 1,147,144 8.500%, 01/18/31 5,588 8,427,095 Deere & Co. 5.375%, 10/16/29 650 794,864 Deutsche Bank AG 3.700%, 05/30/24 5,781 5,872,438 4.100%, 01/13/26 3,000 3,082,065 Discovery Communications LLC 3.250%, 04/01/23 353 353,282 3.450%, 03/15/25 4,263 4,134,965 4.900%, 03/11/26 4,000 4,273,628 Dominion Energy Gas Holdings 3.600%, 12/15/24 1,763 1,811,951 FACE AMOUNT (000) VALUE+ ------ ----------- Dominion Energy, Inc. 3.625%, 12/01/24 705 $ 727,757 3.900%, 10/01/25 4,000 4,186,144 Dover Corp. 3.150%, 11/15/25 2,100 2,141,502 Dow Chemical Co. (The) 3.500%, 10/01/24 4,106 4,250,971 DTE Energy Co. 3.850%, 12/01/23 529 556,147 Duke Energy Corp. 3.750%, 04/15/24 2,468 2,602,481 Eastman Chemical Co. 3.800%, 03/15/25 3,023 3,115,709 eBay, Inc. 3.600%, 06/05/27 1,000 993,008 Electricite de France SA # 3.625%, 10/13/25 2,000 2,067,530 ## 3.625%, 10/13/25 5,797 5,992,736 Electronic Arts, Inc. 4.800%, 03/01/26 2,200 2,425,229 Emerson Electric Co. 3.150%, 06/01/25 2,926 3,007,726 Enbridge, Inc. 4.000%, 10/01/23 2,068 2,181,500 3.500%, 06/10/24 705 718,057 Enterprise Products Operating LLC 3.900%, 02/15/24 1,146 1,198,514 3.750%, 02/15/25 2,000 2,079,662 3.700%, 02/15/26 6,000 6,168,750 EOG Resources, Inc. 3.150%, 04/01/25 6,478 6,469,384 ERAC USA Finance LLC ## 3.850%, 11/15/24 2,058 2,129,917 Exelon Corp. 3.950%, 06/15/25 795 833,433 3.400%, 04/15/26 5,400 5,468,828 Express Scripts Holding Co. 3.500%, 06/15/24 4,596 4,703,514 3.400%, 03/01/27 3,500 3,449,712 Exxon Mobil Corp. 3.176%, 03/15/24 12,692 13,134,570 3.043%, 03/01/26 13,686 13,942,421 FedEx Corp. 4.000%, 01/15/24 1,410 1,513,849 3.200%, 02/01/25 2,062 2,106,370 Fidelity National Information Services, Inc. 5.000%, 10/15/25 278 313,949 Ford Motor Credit Co. LLC 4.375%, 08/06/23 4,583 4,846,852 3.664%, 09/08/24 3,950 3,963,655 GATX Corp. 3.250%, 03/30/25 2,820 2,779,437 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- # 3.250%, 09/15/26 2,200 $ 2,158,246 General Dynamics Corp. 2.125%, 08/15/26 6,500 6,133,446 General Electric Co. 6.750%, 03/15/32 18,373 25,496,047 General Motors Financial Co., Inc. 5.250%, 03/01/26 7,000 7,594,055 # 4.350%, 01/17/27 2,000 2,033,364 Georgia Power Co. 3.250%, 04/01/26 3,000 3,020,232 Georgia-Pacific LLC 7.750%, 11/15/29 4,960 6,975,689 Gilead Sciences, Inc. 3.700%, 04/01/24 6,998 7,397,978 3.650%, 03/01/26 2,000 2,085,206 Goldman Sachs Group, Inc. (The) 4.000%, 03/03/24 6,346 6,676,734 3.750%, 05/22/25 2,000 2,057,116 3.750%, 02/25/26 1,100 1,125,108 Halliburton Co. 3.500%, 08/01/23 3,526 3,657,837 3.800%, 11/15/25 4,124 4,259,622 Harley-Davidson, Inc. 3.500%, 07/28/25 5,980 6,168,795 Hewlett Packard Enterprise Co. 4.900%, 10/15/25 7,042 7,456,415 Historic TW, Inc. 6.625%, 05/15/29 1,427 1,803,935 Home Depot, Inc. (The) 3.350%, 09/15/25 1,403 1,459,715 Honeywell International, Inc. 2.500%, 11/01/26 1,000 962,690 HSBC Holdings P.L.C. 4.300%, 03/08/26 4,000 4,291,860 HSBC USA, Inc. 3.500%, 06/23/24 5,760 5,940,530 Humana, Inc. 3.850%, 10/01/24 4,074 4,284,178 Hyatt Hotels Corp. 3.375%, 07/15/23 1,066 1,090,531 ING Groep NV 3.950%, 03/29/27 6,550 6,863,156 Ingersoll-Rand Luxembourg Finance SA 3.550%, 11/01/24 4,280 4,417,940 Inter-American Development Bank 7.000%, 06/15/25 2,115 2,725,782 6.750%, 07/15/27 1,058 1,393,950 Intercontinental Exchange, Inc. 3.750%, 12/01/25 5,750 6,068,665 International Business Machines Corp. 3.625%, 02/12/24 5,288 5,559,782 FACE AMOUNT (000) VALUE+ ------ ----------- # 3.300%, 01/27/27 3,191 $ 3,237,818 International Paper Co. 3.650%, 06/15/24 1,058 1,094,442 3.800%, 01/15/26 578 598,270 Interpublic Group of Cos., Inc. (The) 4.200%, 04/15/24 2,151 2,267,713 Intesa Sanpaolo SpA 5.250%, 01/12/24 3,526 3,912,252 ITC Holdings Corp. 3.650%, 06/15/24 4,288 4,436,601 Janus Capital Group, Inc. 4.875%, 08/01/25 2,000 2,158,566 Jefferies Group LLC 4.850%, 01/15/27 3,000 3,177,150 JM Smucker Co. (The) 3.500%, 03/15/25 5,000 5,155,460 John Deere Capital Corp. 3.350%, 06/12/24 846 878,085 Johnson & Johnson 2.450%, 03/01/26 14,500 14,265,752 Johnson Controls International P.L.C. 3.625%, 07/02/24 541 561,646 JPMorgan Chase & Co. 3.625%, 05/13/24 4,287 4,451,514 3.900%, 07/15/25 4,820 5,060,894 Juniper Networks, Inc. 4.500%, 03/15/24 2,327 2,503,973 Kellogg Co. # 3.250%, 04/01/26 6,741 6,750,046 7.450%, 04/01/31 300 407,744 KeyBank NA 3.300%, 06/01/25 2,000 2,043,266 Kohl's Corp. 4.750%, 12/15/23 2,861 2,988,546 Koninklijke KPN NV 8.375%, 10/01/30 4,000 5,521,304 Kraft Heinz Foods Co. 3.950%, 07/15/25 8,000 8,269,592 Kroger Co. (The) 7.500%, 04/01/31 2,725 3,641,505 L3 Technologies, Inc. 3.950%, 05/28/24 1,361 1,418,423 Laboratory Corp. of America Holdings 4.000%, 11/01/23 2,115 2,224,138 Legg Mason, Inc. 3.950%, 07/15/24 2,609 2,666,393 4.750%, 03/15/26 3,205 3,405,200 Lincoln National Corp. 3.350%, 03/09/25 8,425 8,514,423 Lloyds Banking Group P.L.C. 3.750%, 01/11/27 5,000 5,079,805 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- Lockheed Martin Corp. 2.900%, 03/01/25 2,468 $ 2,469,999 Loews Corp. 3.750%, 04/01/26 5,500 5,728,052 Lowe's Cos., Inc. 3.375%, 09/15/25 3,551 3,676,006 LYB International Finance II BV 3.500%, 03/02/27 2,000 2,003,198 LyondellBasell Industries NV 5.750%, 04/15/24 3,173 3,659,954 Macquarie Bank, Ltd. ## 3.900%, 01/15/26 5,000 5,201,815 Manufacturers & Traders Trust Co. 2.900%, 02/06/25 6,527 6,502,165 Marathon Petroleum Corp. 3.625%, 09/15/24 4,513 4,587,316 Marsh & McLennan Cos., Inc. 3.500%, 06/03/24 4,583 4,747,901 3.500%, 03/10/25 1,500 1,552,932 Maxim Integrated Products, Inc. 3.450%, 06/15/27 2,950 2,937,716 McDonald's Corp. 3.700%, 01/30/26 9,000 9,414,468 McKesson Corp. 3.796%, 03/15/24 1,851 1,948,468 Mead Johnson Nutrition Co. 4.125%, 11/15/25 4,200 4,553,623 Medtronic, Inc. 3.500%, 03/15/25 1,000 1,048,756 Merck & Co., Inc. 2.750%, 02/10/25 2,000 2,008,934 MetLife, Inc. 3.600%, 04/10/24 7,166 7,530,470 Microsoft Corp. 2.700%, 02/12/25 1,058 1,063,729 2.400%, 08/08/26 10,000 9,659,670 3.300%, 02/06/27 15,500 16,031,867 Mitsubishi UFJ Financial Group, Inc. 3.850%, 03/01/26 4,000 4,193,948 3.677%, 02/22/27 2,000 2,069,740 Monsanto Co. 3.375%, 07/15/24 897 915,322 5.500%, 08/15/25 3,984 4,558,078 Morgan Stanley 3.875%, 04/29/24 5,878 6,141,299 3.875%, 01/27/26 3,000 3,102,594 Mosaic Co. (The) # 4.250%, 11/15/23 1,939 2,044,288 Motorola Solutions, Inc. 3.750%, 05/15/22 1,763 1,826,717 3.500%, 03/01/23 1,763 1,784,399 Mylan NV # 3.950%, 06/15/26 7,000 7,157,927 FACE AMOUNT (000) VALUE+ ------ ----------- Mylan, Inc. 4.200%, 11/29/23 2,468 $ 2,603,237 Nasdaq, Inc. 4.250%, 06/01/24 1,551 1,650,556 National Australia Bank, Ltd. ### 3.500%, 01/10/27 14,790 15,111,194 National Oilwell Varco, Inc. 2.600%, 12/01/22 6,068 5,920,444 Nationwide Building Society ## 3.900%, 07/21/25 7,000 7,353,143 NetApp, Inc. 3.250%, 12/15/22 599 610,618 NIKE, Inc. 2.375%, 11/01/26 600 575,714 Noble Energy, Inc. # 3.900%, 11/15/24 1,426 1,472,935 Nordstrom, Inc. # 4.000%, 03/15/27 4,412 4,378,429 6.950%, 03/15/28 282 314,473 Norfolk Southern Corp. 5.640%, 05/17/29 2,048 2,384,331 Novartis Capital Corp. 3.400%, 05/06/24 3,349 3,516,678 3.100%, 05/17/27 4,278 4,362,054 Nuveen Finance LLC ## 4.125%, 11/01/24 5,360 5,645,720 Occidental Petroleum Corp. 3.400%, 04/15/26 5,280 5,400,036 Omnicom Group, Inc. 3.650%, 11/01/24 705 728,417 Oracle Corp. # 2.950%, 05/15/25 8,617 8,712,468 # 3.250%, 05/15/30 7,966 8,075,676 Pacific Gas & Electric Co. 3.500%, 06/15/25 2,362 2,445,197 Packaging Corp. of America 4.500%, 11/01/23 2,142 2,309,952 Parker-Hannifin Corp. 3.300%, 11/21/24 3,356 3,459,566 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.400%, 11/15/26 1,000 993,173 PepsiCo, Inc. 3.500%, 07/17/25 4,721 4,956,861 Pernod Ricard SA ### 3.250%, 06/08/26 3,000 3,011,991 Perrigo Finance Unlimited Co. 3.900%, 12/15/24 6,115 6,249,989 4.375%, 03/15/26 3,000 3,106,902 Pfizer, Inc. 3.400%, 05/15/24 3,526 3,714,965 2.750%, 06/03/26 8,000 7,951,440 3.000%, 12/15/26 5,942 6,020,220 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- Philip Morris International, Inc. 3.250%, 11/10/24 2,179 $2,237,417 Phillips 66 Partners L.P. 3.550%, 10/01/26 4,550 4,483,547 Pitney Bowes, Inc. # 4.625%, 03/15/24 3,330 3,419,883 Plains All American Pipeline L.P. / PAA Finance Corp. 4.500%, 12/15/26 5,850 5,990,991 PNC Bank NA # 3.300%, 10/30/24 1,763 1,809,492 2.950%, 02/23/25 4,407 4,416,030 Potash Corp. of Saskatchewan, Inc. 3.000%, 04/01/25 1,500 1,472,955 PPL Capital Funding, Inc. 3.400%, 06/01/23 2,676 2,772,951 Precision Castparts Corp. 3.250%, 06/15/25 3,410 3,494,490 Principal Financial Group, Inc. 3.400%, 05/15/25 1,177 1,205,773 3.100%, 11/15/26 300 299,145 Province of Quebec Canada 7.500%, 09/15/29 2,000 2,854,610 Prudential Financial, Inc. 3.500%, 05/15/24 6,738 7,051,068 PSEG Power LLC # 4.300%, 11/15/23 2,122 2,244,898 QUALCOMM, Inc. 3.450%, 05/20/25 7,026 7,259,376 Quest Diagnostics, Inc. 3.500%, 03/30/25 582 593,631 Reinsurance Group of America, Inc. 4.700%, 09/15/23 2,115 2,297,702 3.950%, 09/15/26 4,358 4,449,880 Roche Holdings, Inc. ## 3.000%, 11/10/25 4,000 4,052,960 ### 2.375%, 01/28/27 1,000 955,459 Rockwell Automation, Inc. 2.875%, 03/01/25 705 702,349 Rogers Communications, Inc. 4.100%, 10/01/23 687 735,294 Rolls-Royce P.L.C. ## 3.625%, 10/14/25 4,000 4,150,876 Santander Holdings USA, Inc. 4.500%, 07/17/25 9,000 9,356,139 Santander UK P.L.C. 4.000%, 03/13/24 3,779 4,003,677 SCANA Corp. 4.125%, 02/01/22 1,070 1,112,665 Scripps Networks Interactive, Inc. 3.900%, 11/15/24 5,961 6,119,968 Sempra Energy 4.050%, 12/01/23 2,316 2,477,344 FACE AMOUNT (000) VALUE+ ------ ---------- 3.550%, 06/15/24 3,596 $3,695,908 3.750%, 11/15/25 1,000 1,030,939 Shell International Finance BV 2.500%, 09/12/26 6,700 6,484,568 Shell International Finance BV 2.875%, 05/10/26 8,750 8,720,058 Sherwin-Williams Co. (The) 3.450%, 08/01/25 5,503 5,609,621 ## 3.950%, 01/15/26 2,200 2,315,069 Siemens Financieringsmaatschappij NV ## 6.125%, 08/17/26 2,080 2,572,606 Solvay Finance America LLC ## 4.450%, 12/03/25 3,000 3,223,887 Southern California Edison Co. 6.650%, 04/01/29 525 671,641 Southern Power Co. 4.150%, 12/01/25 2,000 2,109,888 Southwest Airlines Co. 3.000%, 11/15/26 2,000 1,966,064 Spectra Energy Partners L.P. 4.750%, 03/15/24 2,563 2,773,269 StanCorp Financial Group, Inc. 5.000%, 08/15/22 1,763 1,912,735 Standard Chartered P.L.C. ## 4.050%, 04/12/26 1,962 2,007,579 State Street Corp. # 3.300%, 12/16/24 8,276 8,538,879 Statoil ASA 2.650%, 01/15/24 3,829 3,799,930 Stryker Corp. 3.375%, 05/15/24 282 291,364 3.375%, 11/01/25 6,000 6,171,234 Sumitomo Mitsui Financial Group, Inc. 3.784%, 03/09/26 4,000 4,180,604 Suncor Energy, Inc. 3.600%, 12/01/24 4,007 4,124,273 Sysco Corp. 3.750%, 10/01/25 700 730,498 3.300%, 07/15/26 9,695 9,752,084 Target Corp. # 2.500%, 04/15/26 9,730 9,356,397 TD Ameritrade Holding Corp. 3.625%, 04/01/25 3,526 3,666,585 TechnipFMC P.L.C. ## 3.450%, 10/01/22 1,741 1,737,499 Telefonica Europe BV 8.250%, 09/15/30 5,475 7,746,950 Thomson Reuters Corp. 4.300%, 11/23/23 2,820 3,027,442 3.850%, 09/29/24 365 381,838 DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- Time Warner, Inc. 3.550%, 06/01/24 2,468 $ 2,523,594 Total Capital International SA 3.750%, 04/10/24 5,288 5,614,941 Total System Services, Inc. 4.800%, 04/01/26 5,970 6,551,478 Toyota Motor Credit Corp. 3.200%, 01/11/27 7,709 7,854,268 U.S. Bancorp 3.700%, 01/30/24 2,000 2,116,154 U.S. Bank NA 2.800%, 01/27/25 10,000 9,946,410 UBS Group Funding Switzerland AG ## 4.125%, 09/24/25 9,500 10,053,185 Union Pacific Corp. 3.250%, 01/15/25 8,761 9,038,382 United Technologies Corp. 7.500%, 09/15/29 5,114 7,270,354 UnitedHealth Group, Inc. 3.750%, 07/15/25 5,333 5,669,928 Unum Group 4.000%, 03/15/24 705 739,833 # 3.875%, 11/05/25 9,000 9,272,853 Verizon Communications, Inc. 5.150%, 09/15/23 4,936 5,495,338 3.500%, 11/01/24 3,500 3,532,036 Viacom, Inc. 4.250%, 09/01/23 353 366,907 3.875%, 04/01/24 5,987 6,101,639 Visa, Inc. 3.150%, 12/14/25 2,250 2,303,777 Vodafone Group P.L.C. # 7.875%, 02/15/30 7,625 10,388,727 Wal-Mart Stores, Inc. 3.300%, 04/22/24 2,468 2,588,429 Walgreens Boots Alliance, Inc. 3.450%, 06/01/26 9,000 9,014,157 Walt Disney Co. (The) 3.150%, 09/17/25 3,526 3,611,932 WEC Energy Group, Inc. # 3.550%, 06/15/25 6,200 6,418,748 Wells Fargo & Co. 3.000%, 02/19/25 3,526 3,512,206 # 3.000%, 04/22/26 5,000 4,922,335 Westpac Banking Corp. 2.850%, 05/13/26 1,500 1,472,885 2.700%, 08/19/26 10,595 10,228,328 3.350%, 03/08/27 7,000 7,074,354 WestRock MWV LLC 8.200%, 01/15/30 1,885 2,667,077 7.950%, 02/15/31 3,112 4,370,378 Whirlpool Corp. 3.700%, 05/01/25 2,468 2,559,617 FACE AMOUNT (000) VALUE+ --------- -------------- Williams Partners L.P. 4.000%, 09/15/25 3,000 $ 3,081,729 Wisconsin Electric Power Co. 3.100%, 06/01/25 1,763 1,785,395 Wyndham Worldwide Corp. 3.900%, 03/01/23 3,904 4,046,648 Xerox Corp. # 3.800%, 05/15/24 2,276 2,298,375 Zimmer Biomet Holdings, Inc. 3.550%, 04/01/25 3,000 3,036,813 -------------- TOTAL BONDS 1,555,787,754 -------------- U.S. TREASURY OBLIGATIONS -- (1.6%) U.S. Treasury Bonds # 6.250%, 05/15/30 20,000 28,466,400 -------------- TOTAL INVESTMENT SECURITIES 1,642,509,886 -------------- SHARES --------- SECURITIES LENDING COLLATERAL -- (5.5%) (S)@ DFA Short Term Investment Fund 8,242,350 95,380,476 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,722,039,997)^^ $1,737,890,362 ============== DFA INTERMEDIATE-TERM EXTENDED QUALITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Agency Obligations -- $ 58,255,732 -- $ 58,255,732 Bonds -- 1,555,787,754 -- 1,555,787,754 U.S. Treasury Obligations -- 28,466,400 -- 28,466,400 Securities Lending Collateral -- 95,380,476 -- 95,380,476 -- -------------- -- -------------- TOTAL -- $1,737,890,362 -- $1,737,890,362 == ============== == ============== DFA TARGETED CREDIT PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ---------- BONDS -- (97.5%) AUSTRALIA -- (1.7%) BHP Billiton Finance USA, Ltd. 2.875%, 02/24/22 1,500 $1,540,292 Macquarie Group, Ltd. ## 6.000%, 01/14/20 1,150 1,249,921 National Australia Bank, Ltd. 2.625%, 07/23/20 500 506,746 2.800%, 01/10/22 1,000 1,015,540 2.500%, 05/22/22 1,500 1,497,885 Origin Energy Finance, Ltd. ## 3.500%, 10/09/18 835 843,350 Westpac Banking Corp. 2.300%, 05/26/20 441 444,204 2.600%, 11/23/20 1,000 1,014,286 ---------- TOTAL AUSTRALIA 8,112,224 ---------- BELGIUM -- (0.4%) Anheuser-Busch InBev Finance, Inc. 2.650%, 02/01/21 1,700 1,728,694 Anheuser-Busch InBev Worldwide, Inc. 5.375%, 01/15/20 225 243,998 ---------- TOTAL BELGIUM 1,972,692 ---------- CANADA -- (3.7%) Bank of Montreal 1.900%, 08/27/21 1,000 991,558 Bank of Nova Scotia (The) 4.375%, 01/13/21 1,300 1,390,498 2.700%, 03/07/22 2,000 2,022,106 Canadian Imperial Bank of Commerce 2.550%, 06/16/22 2,000 2,000,246 Canadian National Railway Co. 2.850%, 12/15/21 565 579,491 Canadian Natural Resources, Ltd. # 3.450%, 11/15/21 2,800 2,896,331 Cenovus Energy, Inc. 5.700%, 10/15/19 800 843,920 Goldcorp, Inc. 3.625%, 06/09/21 1,700 1,764,520 Husky Energy, Inc. 7.250%, 12/15/19 925 1,034,718 Kinross Gold Corp. 5.125%, 09/01/21 1,250 1,327,733 Province of Ontario Canada 2.250%, 05/18/22 1,000 1,002,581 Toronto-Dominion Bank (The) 2.125%, 04/07/21 1,000 1,002,028 FACE AMOUNT^ (000) VALUE+ ------- ----------- CANADA -- (Continued) 1.800%, 07/13/21 1,000 $ 989,157 ----------- TOTAL CANADA 17,844,887 ----------- DENMARK -- (0.8%) AP Moeller - Maersk A.S. ## 2.875%, 09/28/20 1,000 1,018,669 Danske Bank A.S. ## 2.750%, 09/17/20 1,500 1,526,767 ## 2.800%, 03/10/21 700 712,113 Nordea Bank AB ## 2.500%, 09/17/20 500 505,609 ----------- TOTAL DENMARK 3,763,158 ----------- FINLAND -- (0.2%) Nokia Oyj 3.375%, 06/12/22 1,163 1,176,805 ----------- FRANCE -- (2.9%) Airgas, Inc. 3.050%, 08/01/20 700 718,557 BNP Paribas SA 5.000%, 01/15/21 1,031 1,127,051 BPCE SA 2.650%, 02/03/21 1,700 1,717,501 2.750%, 12/02/21 1,000 1,011,576 Danone SA ## 2.077%, 11/02/21 2,770 2,738,613 Electricite de France SA ## 2.350%, 10/13/20 1,470 1,483,762 Orange SA 5.375%, 07/08/19 200 212,999 4.125%, 09/14/21 900 963,077 Pernod Ricard SA ## 5.750%, 04/07/21 2,000 2,235,188 Societe Generale SA ## 2.625%, 09/16/20 1,000 1,013,603 ### 2.500%, 04/08/21 1,000 1,005,104 ----------- TOTAL FRANCE 14,227,031 ----------- GERMANY -- (2.0%) BMW US Capital LLC ## 2.000%, 04/11/21 2,335 2,325,943 Daimler Finance North America LLC ## 2.850%, 01/06/22 1,000 1,013,030 Deutsche Bank AG 6.000%, 09/01/17 280 280,916 2.950%, 08/20/20 1,000 1,010,671 3.125%, 01/13/21 500 506,546 1.500%, 01/20/22 EUR 1,000 1,223,370 DFA TARGETED CREDIT PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- GERMANY -- (Continued) Deutsche Telekom International Finance BV ## 1.950%, 09/19/21 1,500 $1,468,737 EMD Finance LLC ## 2.950%, 03/19/22 788 804,697 Siemens Financieringsmaatschappij NV ## 1.700%, 09/15/21 1,000 981,365 ---------- TOTAL GERMANY 9,615,275 ---------- IRELAND -- (1.0%) Allergan Funding SCS 3.450%, 03/15/22 2,000 2,080,160 GE Capital International Funding Co., Unlimited Co. 2.342%, 11/15/20 1,500 1,515,981 Perrigo Finance Unlimited Co. 3.500%, 03/15/21 1,180 1,217,139 ---------- TOTAL IRELAND 4,813,280 ---------- ITALY -- (0.9%) Intesa Sanpaolo SpA 3.875%, 01/15/19 1,075 1,101,080 Italy Buoni Poliennali Del Tesoro 1.200%, 04/01/22 EUR 2,820 3,403,007 ---------- TOTAL ITALY 4,504,087 ---------- JAPAN -- (3.3%) American Honda Finance Corp. 2.450%, 09/24/20 885 899,921 Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) ## 2.300%, 03/05/20 1,071 1,074,231 0.875%, 03/11/22 EUR 1,100 1,322,536 Beam Suntory, Inc. 1.750%, 06/15/18 200 199,738 Daiwa Securities Group, Inc. ## 3.129%, 04/19/22 1,500 1,516,896 Japan Bank for International Cooperation 2.000%, 11/04/21 2,000 1,974,784 Mizuho Bank, Ltd. ## 2.450%, 04/16/19 1,000 1,007,917 ## 2.700%, 10/20/20 500 505,392 Mizuho Financial Group, Inc. ## 2.632%, 04/12/21 800 802,130 Nissan Motor Acceptance Corp. ## 2.550%, 03/08/21 1,500 1,511,507 Nomura Holdings, Inc. 6.700%, 03/04/20 500 554,827 6.700%, 03/04/20 300 332,918 FACE AMOUNT^ (000) VALUE+ ------- ----------- JAPAN -- (Continued) SoftBank Group Corp. ## 4.500%, 04/15/20 1,310 $ 1,349,300 Sumitomo Mitsui Banking Corp. 2.450%, 01/16/20 625 631,278 1.000%, 01/19/22 EUR 1,000 1,209,908 Sumitomo Mitsui Financial Group, Inc. 2.058%, 07/14/21 1,000 985,859 ----------- TOTAL JAPAN 15,879,142 ----------- NETHERLANDS -- (2.4%) ABN AMRO Bank NV ## 2.450%, 06/04/20 1,375 1,388,342 ArcelorMittal 5.125%, 06/01/20 1,243 1,311,365 ----------- Cooperatieve Rabobank UA 2.500%, 01/19/21 800 809,163 Heineken NV ## 3.400%, 04/01/22 1,011 1,058,150 ING Bank NV ## 2.500%, 10/01/19 250 252,246 ## 2.750%, 03/22/21 1,500 1,522,996 Koninklijke Philips NV 3.750%, 03/15/22 1,000 1,054,471 LyondellBasell Industries NV 5.000%, 04/15/19 536 559,674 6.000%, 11/15/21 1,677 1,903,532 Mylan NV 3.750%, 12/15/20 885 923,020 Shell International Finance BV 1.875%, 05/10/21 1,000 993,012 ----------- TOTAL NETHERLANDS 11,775,971 ----------- NORWAY -- (0.2%) Statoil ASA 2.900%, 11/08/20 1,000 1,026,013 ----------- S.GEORGIA/S.SAN -- (0.3%) Credit Suisse Group Funding Guernsey, Ltd. 1.250%, 04/14/22 EUR 1,100 1,336,884 ----------- SPAIN -- (0.7%) Iberdrola Finance Ireland, Ltd. ## 5.000%, 09/11/19 974 1,030,894 Santander Holdings USA, Inc. 2.650%, 04/17/20 800 802,957 Santander UK P.L.C. 2.375%, 03/16/20 130 131,333 DFA TARGETED CREDIT PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- SPAIN -- (Continued) Telefonica Emisiones SAU 5.134%, 04/27/20 200 $ 216,136 5.462%, 02/16/21 1,185 1,307,862 ---------- TOTAL SPAIN 3,489,182 ---------- SWEDEN -- (0.3%) Svenska Handelsbanken AB 2.400%, 10/01/20 1,500 1,518,743 ---------- SWITZERLAND -- (0.8%) ABB Finance USA, Inc. 2.875%, 05/08/22 500 512,857 Chubb INA Holdings, Inc. 2.300%, 11/03/20 1,300 1,314,786 Credit Suisse AG 3.000%, 10/29/21 1,457 1,493,253 UBS AG 2.375%, 08/14/19 250 252,198 2.375%, 08/14/19 250 252,188 ---------- TOTAL SWITZERLAND 3,825,282 ---------- UNITED KINGDOM -- (6.3%) Anglo American Capital P.L.C. ## 4.125%, 04/15/21 200 207,250 ## 3.750%, 04/10/22 1,000 1,022,500 Aon P.L.C. 2.800%, 03/15/21 1,500 1,520,739 AstraZeneca P.L.C. 2.375%, 11/16/20 2,750 2,784,942 BAE Systems Holdings, Inc. ## 2.850%, 12/15/20 1,650 1,675,563 Barclays P.L.C. 2.750%, 11/08/19 1,000 1,012,111 2.875%, 06/08/20 1,000 1,012,229 1.500%, 04/01/22 EUR 1,100 1,350,348 BAT International Finance P.L.C. ## 3.250%, 06/07/22 1,000 1,025,688 Baxalta, Inc. 2.875%, 06/23/20 1,000 1,021,278 BP Capital Markets P.L.C. 3.561%, 11/01/21 2,000 2,098,574 CNH Industrial Capital LLC 3.875%, 10/15/21 1,000 1,026,250 Coca-Cola European Partners US LLC 3.500%, 09/15/20 1,665 1,737,035 4.500%, 09/01/21 270 289,725 GlaxoSmithKline Capital P.L.C. 2.850%, 05/08/22 1,000 1,028,772 HSBC Holdings P.L.C. 3.400%, 03/08/21 1,500 1,551,042 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED KINGDOM -- (Continued) 4.000%, 03/30/22 700 $ 743,475 HSBC USA, Inc. 2.750%, 08/07/20 185 188,728 Lloyds Bank P.L.C. 2.700%, 08/17/20 800 814,972 Lloyds Banking Group P.L.C. 3.100%, 07/06/21 1,000 1,018,314 3.000%, 01/11/22 600 606,421 Nationwide Building Society ## 2.350%, 01/21/20 1,000 1,006,463 ## 2.450%, 07/27/21 2,000 2,003,472 Santander UK Group Holdings P.L.C. 2.875%, 08/05/21 1,000 1,003,883 Sky P.L.C. ## 2.625%, 09/16/19 750 756,228 TechnipFMC P.L.C. ## 2.000%, 10/01/17 365 365,003 Unilever Capital Corp. 4.250%, 02/10/21 1,613 1,731,231 ----------- TOTAL UNITED KINGDOM 30,602,236 ----------- UNITED STATES -- (69.6%) 21st Century Fox America, Inc. 4.500%, 02/15/21 1,000 1,073,083 Abbott Laboratories 4.125%, 05/27/20 1,000 1,055,993 2.800%, 09/15/20 1,000 1,018,880 AbbVie, Inc. 2.500%, 05/14/20 1,400 1,421,910 Advance Auto Parts, Inc. 5.750%, 05/01/20 985 1,068,356 AES Corp. 7.375%, 07/01/21 787 899,147 Aetna, Inc. 4.125%, 06/01/21 916 970,232 Agilent Technologies, Inc. 5.000%, 07/15/20 1,000 1,074,890 Ally Financial, Inc. 7.500%, 09/15/20 500 566,250 4.125%, 02/13/22 500 514,375 Amazon.com, Inc. 3.300%, 12/05/21 1,000 1,047,841 Ameren Corp. 2.700%, 11/15/20 1,525 1,548,932 American Express Credit Corp. 2.600%, 09/14/20 1,000 1,017,730 2.250%, 05/05/21 1,000 1,001,675 American International Group, Inc. 3.375%, 08/15/20 1,000 1,035,464 3.300%, 03/01/21 500 516,368 DFA TARGETED CREDIT PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Ameriprise Financial, Inc. 5.300%, 03/15/20 1,017 $1,101,109 AmerisourceBergen Corp. 3.500%, 11/15/21 1,257 1,307,244 Amgen, Inc. 4.100%, 06/15/21 2,000 2,128,772 Anixter, Inc. 5.125%, 10/01/21 1,175 1,251,375 Anthem, Inc. 4.350%, 08/15/20 1,000 1,063,904 Apache Corp. 3.250%, 04/15/22 2,359 2,406,914 Apple, Inc. 2.300%, 05/11/22 500 501,655 Arconic, Inc. 5.870%, 02/23/22 1,000 1,097,500 Associated Banc-Corp 2.750%, 11/15/19 1,294 1,306,301 AT&T, Inc. 4.600%, 02/15/21 600 641,704 2.800%, 02/17/21 500 508,067 5.000%, 03/01/21 1,200 1,304,962 3.875%, 08/15/21 300 314,786 Autodesk, Inc. 3.125%, 06/15/20 750 767,060 AutoZone, Inc. 2.500%, 04/15/21 1,695 1,695,654 Baker Hughes a GE Co. LLC 3.200%, 08/15/21 309 319,384 Ball Corp. 4.375%, 12/15/20 500 523,750 5.000%, 03/15/22 500 538,075 Bank of America Corp. 2.625%, 10/19/20 900 912,937 5.700%, 01/24/22 1,000 1,131,912 Bank of New York Mellon Corp. (The) 2.450%, 11/27/20 301 305,241 2.600%, 02/07/22 1,000 1,009,172 Baxter International, Inc. 1.700%, 08/15/21 1,500 1,467,598 BB&T Corp. 2.450%, 01/15/20 200 203,094 Becton Dickinson and Co. 3.125%, 11/08/21 2,700 2,760,502 Bemis Co., Inc. 4.500%, 10/15/21 500 534,523 Best Buy Co., Inc. # 5.500%, 03/15/21 2,000 2,174,826 Biogen, Inc. 2.900%, 09/15/20 1,300 1,334,111 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Boston Scientific Corp. 6.000%, 01/15/20 500 $ 545,683 2.850%, 05/15/20 700 710,453 Buckeye Partners L.P. 6.050%, 01/15/18 300 305,571 Burlington Northern Santa Fe LLC 3.450%, 09/15/21 1,000 1,045,407 CA, Inc. 5.375%, 12/01/19 700 750,913 CalAtlantic Group, Inc. 6.625%, 05/01/20 600 663,000 8.375%, 01/15/21 500 586,250 Capital One Financial Corp. 2.450%, 04/24/19 300 302,222 4.750%, 07/15/21 1,900 2,059,110 Carpenter Technology Corp. 5.200%, 07/15/21 1,420 1,484,773 Caterpillar Financial Services Corp. 1.700%, 08/09/21 1,000 983,888 Caterpillar, Inc. 3.900%, 05/27/21 1,000 1,070,149 CBS Corp. 5.750%, 04/15/20 1,125 1,230,510 3.375%, 03/01/22 1,000 1,034,322 CF Industries, Inc. 6.875%, 05/01/18 750 776,737 Charles Schwab Corp. (The) 4.450%, 07/22/20 200 214,017 Chevron Corp. 2.100%, 05/16/21 657 658,131 2.498%, 03/03/22 1,000 1,012,471 Choice Hotels International, Inc. 5.750%, 07/01/22 600 666,000 Cigna Corp. 4.000%, 02/15/22 400 425,000 CIT Group, Inc. 5.375%, 05/15/20 200 216,000 Citigroup, Inc. 2.400%, 02/18/20 1,500 1,512,324 2.700%, 03/30/21 1,100 1,112,823 Citizens Bank NA 2.450%, 12/04/19 994 1,002,927 2.550%, 05/13/21 1,600 1,605,667 2.650%, 05/26/22 1,000 1,001,382 CMS Energy Corp. 8.750%, 06/15/19 311 348,393 5.050%, 03/15/22 500 549,533 CNA Financial Corp. 5.875%, 08/15/20 1,595 1,763,764 5.750%, 08/15/21 720 803,726 DFA TARGETED CREDIT PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) CNO Financial Group, Inc. # 4.500%, 05/30/20 1,000 $1,037,500 Comcast Corp. 3.125%, 07/15/22 1,000 1,041,209 Comerica Bank 2.500%, 06/02/20 1,000 1,005,798 ConocoPhillips Co. # 4.200%, 03/15/21 1,800 1,925,023 Consolidated Edison, Inc. 2.000%, 05/15/21 1,860 1,844,726 Constellation Brands, Inc. 2.700%, 05/09/22 2,475 2,491,503 Corning, Inc. 4.250%, 08/15/20 1,000 1,065,752 CSX Corp. # 3.700%, 10/30/20 1,330 1,391,165 CVS Health Corp. 2.800%, 07/20/20 500 511,077 4.125%, 05/15/21 800 849,004 2.125%, 06/01/21 500 496,851 DCP Midstream Operating L.P. 4.950%, 04/01/22 1,100 1,128,875 Discovery Communications LLC 5.625%, 08/15/19 398 424,901 4.375%, 06/15/21 2,176 2,302,025 Dominion Energy Gas Holdings LLC 2.800%, 11/15/20 250 254,060 Dominion Energy, Inc. 2.500%, 12/01/19 1,195 1,206,778 4.450%, 03/15/21 850 911,906 Dover Corp. 4.300%, 03/01/21 497 529,015 Dow Chemical Co. (The) 4.250%, 11/15/20 1,900 2,019,052 Dr. Pepper Snapple Group, Inc. 2.000%, 01/15/20 1,000 998,694 DTE Energy Co. 2.400%, 12/01/19 700 705,364 Eastman Chemical Co. 4.500%, 01/15/21 34 36,246 eBay, Inc. 2.875%, 08/01/21 1,500 1,522,968 Ecolab, Inc. 4.350%, 12/08/21 1,500 1,633,068 Edgewell Personal Care Co. 4.700%, 05/19/21 900 959,625 Edwards Lifesciences Corp. 2.875%, 10/15/18 75 75,776 Electronic Arts, Inc. 3.700%, 03/01/21 1,962 2,051,493 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) EMC Corp. 2.650%, 06/01/20 1,000 $ 986,580 Enterprise Products Operating LLC 5.250%, 01/31/20 400 430,070 2.850%, 04/15/21 1,500 1,523,671 ERAC USA Finance LLC ## 2.350%, 10/15/19 370 372,352 Eversource Energy 4.500%, 11/15/19 536 564,291 2.500%, 03/15/21 900 899,652 Exelon Corp. 5.150%, 12/01/20 600 651,005 Exelon Generation Co. LLC 5.200%, 10/01/19 500 534,024 2.950%, 01/15/20 400 408,424 4.000%, 10/01/20 1,000 1,045,613 4.250%, 06/15/22 500 530,960 Express Scripts Holding Co. 3.300%, 02/25/21 2,000 2,060,474 3.900%, 02/15/22 500 525,144 Exxon Mobil Corp. 2.222%, 03/01/21 1,968 1,986,759 FedEx Corp. 2.300%, 02/01/20 205 206,855 Fidelity National Information Services, Inc. 2.250%, 08/15/21 2,000 1,985,998 Fifth Third Bancorp 2.300%, 03/01/19 134 134,880 2.875%, 07/27/20 1,000 1,023,600 Ford Motor Credit Co. LLC 3.157%, 08/04/20 375 383,438 3.200%, 01/15/21 800 815,373 3.336%, 03/18/21 1,500 1,535,668 Fortune Brands Home & Security, Inc. 3.000%, 06/15/20 500 507,667 Gap, Inc. (The) # 5.950%, 04/12/21 996 1,081,029 GATX Corp. 2.500%, 07/30/19 500 504,510 General Mills, Inc. 3.150%, 12/15/21 985 1,017,037 General Motors Financial Co., Inc. 3.200%, 07/06/21 2,800 2,845,528 Georgia Power Co. 4.250%, 12/01/19 700 735,034 Gilead Sciences, Inc. 2.550%, 09/01/20 1,000 1,020,457 4.400%, 12/01/21 2,005 2,174,733 Goldman Sachs Group, Inc. (The) 5.375%, 03/15/20 500 540,794 DFA TARGETED CREDIT PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) 2.625%, 04/25/21 1,000 $1,004,329 5.250%, 07/27/21 750 826,202 5.750%, 01/24/22 957 1,079,410 Graphic Packaging International, Inc. 4.750%, 04/15/21 600 632,625 Great Plains Energy, Inc. 4.850%, 06/01/21 915 976,204 Harley-Davidson Financial Services, Inc. ## 2.150%, 02/26/20 168 167,772 ## 2.550%, 06/09/22 3,000 2,985,117 Harris Corp. 2.700%, 04/27/20 1,570 1,584,157 Hartford Financial Services Group, Inc. (The) 5.500%, 03/30/20 750 814,765 5.125%, 04/15/22 400 445,581 Hasbro, Inc. 3.150%, 05/15/21 1,384 1,415,865 Hewlett Packard Enterprise Co. 3.600%, 10/15/20 1,986 2,055,013 Home Depot, Inc. (The) 2.000%, 04/01/21 1,444 1,445,666 HP, Inc. 4.300%, 06/01/21 1,370 1,455,300 4.375%, 09/15/21 800 853,438 4.650%, 12/09/21 400 432,181 Huntington Bancshares, Inc. 3.150%, 03/14/21 1,500 1,537,081 2.300%, 01/14/22 400 395,686 Huntington National Bank (The) 2.400%, 04/01/20 1,000 1,009,475 Indiana Michigan Power Co. 7.000%, 03/15/19 1,000 1,079,925 Integrys Holding, Inc. 4.170%, 11/01/20 1,180 1,245,663 Intercontinental Exchange, Inc. 2.750%, 12/01/20 1,000 1,021,430 JB Hunt Transport Services, Inc. 2.400%, 03/15/19 225 226,348 Jefferies Group LLC 5.125%, 04/13/18 250 255,607 JM Smucker Co. (The) 2.500%, 03/15/20 1,700 1,719,324 John Deere Capital Corp. 2.550%, 01/08/21 1,496 1,519,184 JPMorgan Chase & Co. 2.250%, 01/23/20 500 503,764 2.550%, 10/29/20 1,400 1,419,904 4.625%, 05/10/21 500 541,401 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Kellogg Co. 4.000%, 12/15/20 1,300 $1,375,838 KeyCorp 2.900%, 09/15/20 700 715,017 Kohl's Corp. # 4.000%, 11/01/21 2,500 2,575,342 Kraft Heinz Foods Co. 2.800%, 07/02/20 2,174 2,217,245 # 3.500%, 06/06/22 400 415,195 Kroger Co. (The) 3.300%, 01/15/21 1,167 1,201,211 L Brands, Inc. 5.625%, 02/15/22 1,000 1,047,500 L3 Technologies, Inc. 4.750%, 07/15/20 1,000 1,071,814 4.950%, 02/15/21 164 176,791 Laboratory Corp. of America Holdings 2.625%, 02/01/20 995 1,005,846 3.200%, 02/01/22 900 921,915 Lam Research Corp. 2.750%, 03/15/20 250 255,062 Legg Mason, Inc. 2.700%, 07/15/19 823 831,428 Leidos Holdings, Inc. 4.450%, 12/01/20 1,000 1,055,000 Lennar Corp. 4.125%, 01/15/22 1,400 1,441,118 Liberty Mutual Group, Inc. ## 5.000%, 06/01/21 2,400 2,614,351 Lincoln National Corp. 6.250%, 02/15/20 300 329,349 4.850%, 06/24/21 880 953,854 Lockheed Martin Corp. 2.500%, 11/23/20 500 508,898 Lowe's Cos., Inc. 3.750%, 04/15/21 2,000 2,113,296 Macy's Retail Holdings, Inc. # 3.450%, 01/15/21 1,500 1,502,664 Manufacturers & Traders Trust Co. 2.100%, 02/06/20 500 502,255 2.500%, 05/18/22 2,300 2,307,588 Marathon Petroleum Corp. 3.400%, 12/15/20 2,100 2,173,897 Marriott International, Inc. 2.875%, 03/01/21 800 813,299 Marsh & McLennan Cos., Inc. 2.350%, 03/06/20 500 504,470 2.750%, 01/30/22 2,260 2,289,127 Mattel, Inc. 2.350%, 05/06/19 800 801,288 DFA TARGETED CREDIT PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) 2.350%, 08/15/21 1,900 $1,869,115 Maxim Integrated Products, Inc. 2.500%, 11/15/18 200 201,689 McDonald's Corp. 2.750%, 12/09/20 2,070 2,124,427 Mead Johnson Nutrition Co. 3.000%, 11/15/20 1,830 1,885,484 Meritage Homes Corp. 7.150%, 04/15/20 1,000 1,105,000 MetLife, Inc. 4.750%, 02/08/21 2,441 2,658,330 Molson Coors Brewing Co. 2.100%, 07/15/21 2,000 1,976,498 Mondelez International Holdings Netherlands BV ## 2.000%, 10/28/21 3,000 2,939,661 Monsanto Co. 2.125%, 07/15/19 800 803,710 Morgan Stanley 2.500%, 04/21/21 1,000 1,003,487 5.500%, 07/28/21 200 222,593 3.125%, 08/05/21 CAD 1,100 901,334 2.625%, 11/17/21 1,500 1,505,667 Mosaic Co. (The) 3.750%, 11/15/21 2,000 2,085,320 Nasdaq, Inc. 5.550%, 01/15/20 365 395,057 NetApp, Inc. 3.375%, 06/15/21 2,000 2,055,146 Newell Brands, Inc. 2.875%, 12/01/19 250 255,390 Newfield Exploration Co. 5.750%, 01/30/22 1,200 1,267,500 Newmont Mining Corp. 3.500%, 03/15/22 1,000 1,039,245 NextEra Energy Capital Holdings, Inc. 2.400%, 09/15/19 1,400 1,410,273 4.500%, 06/01/21 1,000 1,071,996 Nissan Motor Acceptance Corp. ## 2.650%, 07/13/22 1,000 1,004,727 Noble Energy, Inc. 4.150%, 12/15/21 1,676 1,772,605 Nordstrom, Inc. 4.750%, 05/01/20 1,000 1,052,471 # 4.000%, 10/15/21 1,000 1,041,186 NuStar Logistics L.P. 6.750%, 02/01/21 1,083 1,180,470 Nuveen Finance LLC ## 2.950%, 11/01/19 1,050 1,068,453 NVIDIA Corp. 2.200%, 09/16/21 993 988,824 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Occidental Petroleum Corp. 4.100%, 02/01/21 1,960 $2,092,712 3.125%, 02/15/22 476 492,234 Omnicom Group, Inc. 4.450%, 08/15/20 1,000 1,067,555 3.625%, 05/01/22 1,400 1,466,448 ONEOK Partners L.P. 2.000%, 10/01/17 81 81,009 ONEOK, Inc. 4.250%, 02/01/22 1,066 1,116,997 Oracle Corp. 2.500%, 05/15/22 1,000 1,014,001 Pacific Gas & Electric Co. 3.500%, 10/01/20 500 519,877 4.250%, 05/15/21 797 847,247 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.050%, 01/09/20 1,323 1,352,999 ## 3.375%, 02/01/22 1,700 1,757,254 PepsiCo, Inc. 2.150%, 10/14/20 1,000 1,009,246 Phillips 66 4.300%, 04/01/22 1,500 1,611,711 Plains All American Pipeline L.P. / PAA Finance Corp. 6.500%, 05/01/18 200 206,549 PNC Bank NA 2.550%, 12/09/21 1,000 1,012,414 PNC Financial Services Group, Inc. (The) 4.375%, 08/11/20 2,000 2,136,442 Priceline Group, Inc. (The) 0.800%, 03/10/22 EUR 2,200 2,623,357 Progress Energy, Inc. 4.400%, 01/15/21 1,100 1,168,615 Prudential Financial, Inc. 5.375%, 06/21/20 301 328,881 4.500%, 11/15/20 2,000 2,149,704 PSEG Power LLC 2.450%, 11/15/18 1,163 1,169,055 QUALCOMM, Inc. 3.000%, 05/20/22 1,145 1,181,138 Quest Diagnostics, Inc. 2.700%, 04/01/19 200 202,782 Radian Group, Inc. 7.000%, 03/15/21 1,100 1,230,625 Regions Financial Corp. 3.200%, 02/08/21 1,700 1,742,272 Republic Services, Inc. 5.500%, 09/15/19 700 751,656 Reynolds American, Inc. 6.875%, 05/01/20 500 562,659 DFA TARGETED CREDIT PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Rockies Express Pipeline LLC ## 5.625%, 04/15/20 1,100 $1,163,602 Rockwell Collins, Inc. 2.800%, 03/15/22 2,000 2,027,600 Roper Technologies, Inc. 3.000%, 12/15/20 1,200 1,230,022 2.800%, 12/15/21 1,000 1,011,051 Ryder System, Inc. 2.500%, 05/11/20 1,250 1,262,620 3.450%, 11/15/21 900 936,777 SCANA Corp. 6.250%, 04/01/20 550 596,000 4.750%, 05/15/21 1,000 1,052,624 Scripps Networks Interactive, Inc. 2.750%, 11/15/19 575 581,219 2.800%, 06/15/20 550 556,940 Southern Co. (The) 2.750%, 06/15/20 250 253,818 Southern Power Co. 2.500%, 12/15/21 898 898,719 Southwest Airlines Co. 2.750%, 11/06/19 1,400 1,422,819 Starbucks Corp. 2.100%, 02/04/21 796 801,156 State Street Corp. 2.550%, 08/18/20 1,900 1,938,650 1.950%, 05/19/21 500 496,968 Stryker Corp. 2.625%, 03/15/21 2,086 2,126,886 SunTrust Banks, Inc. 2.900%, 03/03/21 900 916,793 Symantec Corp. 4.200%, 09/15/20 1,000 1,055,000 Sysco Corp. 2.600%, 10/01/20 1,000 1,014,658 T-Mobile USA, Inc. # 4.000%, 04/15/22 1,100 1,146,750 Target Corp. 2.900%, 01/15/22 1,750 1,809,400 TD Ameritrade Holding Corp. 5.600%, 12/01/19 286 309,459 Thermo Fisher Scientific, Inc. 4.500%, 03/01/21 1,600 1,716,565 Time Warner Cable, Inc. 5.000%, 02/01/20 1,100 1,171,138 Time Warner, Inc. 2.100%, 06/01/19 105 105,256 Toll Brothers Finance Corp. 5.875%, 02/15/22 1,100 1,221,000 Total System Services, Inc. 3.800%, 04/01/21 234 244,091 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Toyota Motor Credit Corp. 2.600%, 01/11/22 5,776 $5,896,776 Travelers Cos., Inc. (The) 3.900%, 11/01/20 1,000 1,058,146 TRI Pointe Group, Inc. 4.875%, 07/01/21 1,100 1,155,000 Tupperware Brands Corp. 4.750%, 06/01/21 1,700 1,818,570 Tyson Foods, Inc. 4.500%, 06/15/22 1,000 1,088,827 U.S. Bancorp 2.350%, 01/29/21 1,500 1,513,750 Union Pacific Corp. 1.800%, 02/01/20 250 249,964 United Continental Holdings, Inc. # 6.000%, 12/01/20 1,000 1,087,500 United Parcel Service, Inc. 3.125%, 01/15/21 1,285 1,339,517 UnitedHealth Group, Inc. 2.125%, 03/15/21 1,200 1,201,170 2.875%, 12/15/21 500 513,014 Unum Group 3.000%, 05/15/21 1,000 1,010,853 US Bancorp 2.625%, 01/24/22 1,000 1,014,347 Verizon Communications, Inc. 3.450%, 03/15/21 2,000 2,073,142 3.500%, 11/01/21 500 517,994 VF Corp. 3.500%, 09/01/21 1,040 1,085,726 Viacom, Inc. 2.750%, 12/15/19 598 605,298 Walgreens Boots Alliance, Inc. 3.300%, 11/18/21 1,000 1,036,144 Walt Disney Co. (The) 2.150%, 09/17/20 1,000 1,007,634 Waste Management, Inc. 4.600%, 03/01/21 1,288 1,389,905 Wells Fargo & Co. 2.500%, 03/04/21 2,000 2,015,460 2.094%, 04/25/22 CAD 2,000 1,563,601 Western Gas Partners L.P. 2.600%, 08/15/18 700 702,366 Western Union Co. (The) 5.253%, 04/01/20 1,000 1,065,712 Whirlpool Corp. 4.850%, 06/15/21 436 474,940 Williams Cos., Inc. (The) 7.875%, 09/01/21 1,000 1,170,000 Williams Partners L.P. 4.000%, 11/15/21 1,848 1,933,108 DFA TARGETED CREDIT PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ --------- ------------ UNITED STATES -- (Continued) Wm Wrigley Jr Co. ## 2.900%, 10/21/19 250 $ 254,422 WR Grace & Co. ## 5.125%, 10/01/21 750 806,250 Wyndham Worldwide Corp. 4.250%, 03/01/22 2,400 2,529,713 Xcel Energy, Inc. 2.400%, 03/15/21 2,000 2,014,968 Xilinx, Inc. 3.000%, 03/15/21 989 1,010,791 ZF North America Capital, Inc. ## 4.500%, 04/29/22 1,100 1,155,000 Zimmer Biomet Holdings, Inc. 2.700%, 04/01/20 2,000 2,024,228 ------------ TOTAL UNITED STATES 338,937,067 ------------ TOTAL BONDS 474,419,959 ------------ TOTAL INVESTMENT SECURITIES 474,419,959 ------------ SHARES --------- SECURITIES LENDING COLLATERAL -- (2.5%) (S)@ DFA Short Term Investment Fund 1,051,767 12,171,049 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $483,573,497)^^ $486,591,008 ============ DFA TARGETED CREDIT PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Bonds Australia -- $ 8,112,224 -- $ 8,112,224 Belgium -- 1,972,692 -- 1,972,692 Canada -- 17,844,887 -- 17,844,887 Denmark -- 3,763,158 -- 3,763,158 Finland -- 1,176,805 -- 1,176,805 France -- 14,227,031 -- 14,227,031 Germany -- 9,615,275 -- 9,615,275 Ireland -- 4,813,280 -- 4,813,280 Italy -- 4,504,087 -- 4,504,087 Japan -- 15,879,142 -- 15,879,142 Netherlands -- 11,775,971 -- 11,775,971 Norway -- 1,026,013 -- 1,026,013 S.Georgia/S.San -- 1,336,884 -- 1,336,884 Spain -- 3,489,182 -- 3,489,182 Sweden -- 1,518,743 -- 1,518,743 Switzerland -- 3,825,282 -- 3,825,282 United Kingdom -- 30,602,236 -- 30,602,236 United States -- 338,937,067 -- 338,937,067 Securities Lending Collateral -- 12,171,049 -- 12,171,049 Forward Currency Contracts** -- (338,200) -- (338,200) -- ------------ -- ------------ TOTAL -- $486,252,808 -- $486,252,808 == ============ == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA INVESTMENT GRADE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ------------ BONDS -- (50.9%) AUSTRALIA -- (2.0%) Australia & New Zealand Banking Group, Ltd. 2.250%, 06/13/19 576 $ 581,560 3.700%, 11/16/25 6,110 6,449,857 BHP Billiton Finance USA, Ltd. 2.875%, 02/24/22 1,759 1,806,249 Commonwealth Bank of Australia 2.250%, 03/13/19 529 533,093 2.300%, 09/06/19 558 563,413 5.000%, 03/19/20 793 852,232 # 2.400%, 11/02/20 7,680 7,746,255 ## 2.850%, 05/18/26 23,050 22,516,208 Macquarie Bank, Ltd. ## 3.900%, 01/15/26 25,000 26,009,075 National Australia Bank, Ltd. 2.250%, 07/01/19 1,849 1,863,369 3.375%, 01/14/26 3,000 3,056,394 ## 3.500%, 01/10/27 30,350 31,009,111 Westpac Banking Corp. 4.875%, 11/19/19 17,117 18,242,426 2.850%, 05/13/26 9,037 8,873,638 2.700%, 08/19/26 2,000 1,930,784 3.350%, 03/08/27 27,586 27,879,018 ------------ TOTAL AUSTRALIA 159,912,682 ------------ AUSTRIA -- (0.0%) Oesterreichische Kontrollbank AG 1.125%, 05/29/18 1,964 1,959,809 ------------ BELGIUM -- (0.3%) Anheuser-Busch InBev Finance, Inc. 2.650%, 02/01/21 5,000 5,084,395 2.625%, 01/17/23 5,029 5,066,134 3.650%, 02/01/26 3,000 3,102,552 Anheuser-Busch InBev Worldwide, Inc. 5.375%, 01/15/20 317 343,766 4.375%, 02/15/21 2,190 2,358,582 2.500%, 07/15/22 4,635 4,663,181 ------------ TOTAL BELGIUM 20,618,610 ------------ CANADA -- (1.8%) Alberta, Province of Canada ### 1.750%, 08/26/20 10,000 9,957,110 Bank of Montreal 2.375%, 01/25/19 32 32,285 1.900%, 08/27/21 8,800 8,725,710 Bank of Nova Scotia (The) 2.050%, 06/05/19 1,162 1,168,042 FACE AMOUNT^ (000) VALUE+ ------- ------------ CANADA -- (Continued) 4.375%, 01/13/21 3,237 $ 3,462,341 British Columbia, Province of Canada 6.500%, 01/15/26 8,011 10,132,729 Canadian Pacific Railway Co. 2.900%, 02/01/25 3,059 3,030,206 3.700%, 02/01/26 3,885 4,027,949 Enbridge, Inc. # 4.000%, 10/01/23 2,932 3,092,920 # 3.500%, 06/10/24 1,295 1,318,985 Goldcorp, Inc. 3.625%, 06/09/21 4,021 4,173,609 Petro-Canada 6.050%, 05/15/18 589 608,171 Potash Corp. of Saskatchewan, Inc. 3.250%, 12/01/17 169 169,733 3.625%, 03/15/24 3,500 3,567,011 # 3.000%, 04/01/25 3,500 3,436,895 Province of Manitoba Canada 2.050%, 11/30/20 11,300 11,351,799 Province of Ontario Canada 1.650%, 09/27/19 529 528,019 3.150%, 06/02/22 CAD 20,160 16,925,668 # 2.450%, 06/29/22 1,101 1,113,592 Quebec, Province of Canada 2.625%, 02/13/23 4,532 4,609,393 Rogers Communications, Inc. 3.000%, 03/15/23 1,786 1,804,233 4.100%, 10/01/23 1,263 1,351,785 Royal Bank of Canada 2.200%, 07/27/18 1,152 1,158,993 2.350%, 10/30/20 5,000 5,047,625 Suncor Energy, Inc. 3.600%, 12/01/24 7,493 7,712,298 Thomson Reuters Corp. # 4.300%, 11/23/23 5,180 5,561,046 3.850%, 09/29/24 670 700,909 Toronto-Dominion Bank (The) 2.125%, 07/02/19 3,703 3,734,420 2.125%, 04/07/21 14,150 14,178,696 1.994%, 03/23/22 CAD 5,000 3,946,822 Toyota Credit Canada, Inc. 2.020%, 02/28/22 CAD 5,000 3,938,560 TransCanada PipeLines, Ltd. # 3.800%, 10/01/20 1,295 1,362,424 2.500%, 08/01/22 3,310 3,318,546 ------------ TOTAL CANADA 145,248,524 ------------ DENMARK -- (0.2%) Danske Bank A.S. ## 2.750%, 09/17/20 1,058 1,076,880 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- DENMARK -- (Continued) ## 2.800%, 03/10/21 11,530 $11,729,515 Kommunekredit 1.125%, 03/15/18 982 980,409 Nordea Bank AB 1.625%, 05/15/18 227 227,162 ----------- TOTAL DENMARK 14,013,966 ----------- FINLAND -- (0.0%) Municipality Finance P.L.C. 1.125%, 04/17/18 2,456 2,450,970 ----------- FRANCE -- (0.9%) Airgas, Inc. 3.050%, 08/01/20 772 792,466 BNP Paribas SA 2.375%, 09/14/17 346 346,363 2.450%, 03/17/19 949 959,790 2.375%, 05/21/20 710 717,654 # 3.250%, 03/03/23 1,942 2,005,886 BPCE SA 2.500%, 07/15/19 476 481,075 # 2.250%, 01/27/20 1,166 1,169,363 2.650%, 02/03/21 4,500 4,546,327 4.000%, 04/15/24 10,914 11,577,702 Credit Agricole SA ## 2.750%, 06/10/20 1,125 1,144,403 # 3.875%, 04/15/24 8,591 9,100,446 Electricite de France SA ### 3.625%, 10/13/25 3,500 3,618,177 Pernod Ricard SA ## 4.450%, 01/15/22 6,474 6,988,418 ### 3.250%, 06/08/26 15,000 15,059,955 Sanofi 1.250%, 04/10/18 1,022 1,020,866 Total Capital International SA 2.125%, 01/10/19 853 859,752 2.100%, 06/19/19 3,252 3,279,574 3.750%, 04/10/24 9,712 10,312,464 ----------- TOTAL FRANCE 73,980,681 ----------- GERMANY -- (1.2%) Bayer U.S. Finance LLC ## 2.375%, 10/08/19 10,364 10,472,594 Bayer U.S. Finance LLC ## 3.375%, 10/08/24 12,544 12,908,027 BMW U.S. Capital LLC ## 2.800%, 04/11/26 9,944 9,736,668 ### 3.300%, 04/06/27 5,000 5,061,495 Daimler Finance North America LLC ## 3.250%, 08/01/24 2,072 2,107,166 8.500%, 01/18/31 9,000 13,572,630 FACE AMOUNT^ (000) VALUE+ ------- ----------- GERMANY -- (Continued) Deutsche Bank AG 2.500%, 02/13/19 10,945 $11,014,139 2.500%, 02/13/19 1,058 1,064,652 2.950%, 08/20/20 138 139,473 3.125%, 01/13/21 2,000 2,026,184 3.700%, 05/30/24 9,754 9,908,279 EMD Finance LLC ## 2.950%, 03/19/22 5,180 5,289,759 FMS Wertmanagement AoeR 1.000%, 11/21/17 2,456 2,454,074 Kreditanstalt fuer Wiederaufbau 0.875%, 09/05/17 491 490,863 1.875%, 04/01/19 741 745,811 Landwirtschaftliche Rentenbank 0.875%, 09/12/17 1,238 1,237,583 NRW Bank 1.875%, 07/01/19 2,116 2,118,344 Siemens Financieringsmaatschappij NV ## 6.125%, 08/17/26 3,821 4,725,927 Volkswagen Group of America Finance LLC ## 2.125%, 05/23/19 879 881,377 ## 2.400%, 05/22/20 699 702,691 ----------- TOTAL GERMANY 96,657,736 ----------- IRELAND -- (0.5%) Actavis, Inc. 3.250%, 10/01/22 7,650 7,878,115 Allergan Funding SCS 3.450%, 03/15/22 13,031 13,553,282 3.800%, 03/15/25 2,500 2,604,873 Eaton Corp. 2.750%, 11/02/22 5,769 5,840,934 Johnson Controls International P.L.C. 3.625%, 07/02/24 994 1,031,933 Medtronic, Inc. 3.125%, 03/15/22 3,156 3,270,885 3.500%, 03/15/25 2,000 2,097,512 Perrigo Finance Unlimited Co. 3.500%, 03/15/21 843 869,533 3.500%, 12/15/21 1,594 1,650,359 3.900%, 12/15/24 3,885 3,970,761 ----------- TOTAL IRELAND 42,768,187 ----------- ITALY -- (0.1%) Intesa Sanpaolo SpA 3.875%, 01/16/18 213 214,850 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ------------ ITALY -- (Continued) 5.250%, 01/12/24 7,664 $ 8,503,545 ------------ TOTAL ITALY 8,718,395 ------------ JAPAN -- (1.3%) American Honda Finance Corp. # 2.300%, 09/09/26 11,240 10,625,206 Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 3.250%, 09/08/24 3,237 3,318,213 Beam Suntory, Inc. 1.750%, 06/15/18 1,964 1,961,431 3.250%, 06/15/23 4,030 4,142,679 Japan Bank for International Cooperation 1.750%, 07/31/18 491 491,211 Japan Finance Organization for Municipalities 2.500%, 09/12/18 814 818,530 2.125%, 03/06/19 528 527,861 Mitsubishi UFJ Financial Group, Inc. 3.677%, 02/22/27 3,000 3,104,610 Mizuho Bank, Ltd. ## 2.450%, 04/16/19 823 829,516 Mizuho Financial Group, Inc. ## 2.632%, 04/12/21 8,200 8,221,837 MUFG Americas Holdings Corp. 3.500%, 06/18/22 5,536 5,708,646 Nissan Motor Acceptance Corp. ## 2.125%, 03/03/20 1,700 1,703,561 ## 2.550%, 03/08/21 8,000 8,061,368 Nomura Holdings, Inc. 6.700%, 03/04/20 4,610 5,115,500 Sumitomo Mitsui Banking Corp. 3.950%, 07/19/23 5,931 6,309,617 Sumitomo Mitsui Financial Group, Inc. 2.934%, 03/09/21 2,000 2,039,748 2.058%, 07/14/21 5,000 4,929,295 3.784%, 03/09/26 5,000 5,225,755 Toyota Motor Credit Corp. 2.100%, 01/17/19 902 909,868 2.625%, 01/10/23 6,474 6,540,339 3.200%, 01/11/27 27,291 27,805,271 ------------ TOTAL JAPAN 108,390,062 ------------ NETHERLANDS -- (1.6%) Ahold Finance USA LLC 6.875%, 05/01/29 712 896,985 Airbus SE ## 3.150%, 04/10/27 7,500 7,610,850 FACE AMOUNT^ (000) VALUE+ ------- ------------ NETHERLANDS -- (Continued) Bank Nederlandse Gemeenten NV 1.375%, 09/27/17 1,376 $ 1,376,216 2.500%, 01/23/23 6,474 6,561,464 Cooperatieve Rabobank UA 3.875%, 02/08/22 9,948 10,599,554 # 3.375%, 05/21/25 17,022 17,634,622 Heineken NV ## 2.750%, 04/01/23 2,245 2,267,091 ING Bank NV ### 2.050%, 08/15/21 5,000 4,946,425 ING Groep NV 3.950%, 03/29/27 10,000 10,478,100 Koninklijke Philips NV 3.750%, 03/15/22 1,503 1,584,870 LYB International Finance II BV # 3.500%, 03/02/27 3,049 3,053,875 LyondellBasell Industries NV 5.750%, 04/15/24 5,827 6,721,258 Mylan NV 3.950%, 06/15/26 15,000 15,338,415 Mylan, Inc. 4.200%, 11/29/23 4,532 4,780,335 Nederlandse Waterschapsbank NV 1.875%, 03/13/19 1,348 1,354,143 Shell International Finance BV # 2.500%, 09/12/26 11,300 10,936,660 Shell International Finance BV # 2.250%, 11/10/20 5,100 5,152,586 3.400%, 08/12/23 10,682 11,210,214 # 2.875%, 05/10/26 5,261 5,242,997 ------------ TOTAL NETHERLANDS 127,746,660 ------------ NEW ZEALAND -- (0.1%) ANZ New Zealand International Ltd. ## 3.450%, 07/17/27 6,000 6,046,722 ------------ NORWAY -- (0.2%) Kommunalbanken A.S. 1.000%, 09/26/17 392 391,824 1.750%, 05/28/19 2,116 2,121,451 Statoil ASA 1.150%, 05/15/18 1,382 1,377,888 2.450%, 01/17/23 8,794 8,766,589 2.650%, 01/15/24 7,031 6,977,621 ------------ TOTAL NORWAY 19,635,373 ------------ SPAIN -- (0.5%) Iberdrola Finance Ireland, Ltd. ## 5.000%, 09/11/19 788 834,029 Santander Holdings USA, Inc. 4.500%, 07/17/25 17,796 18,500,206 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- SPAIN -- (Continued) Santander UK P.L.C. 2.500%, 03/14/19 1,375 $ 1,388,452 2.375%, 03/16/20 334 337,425 4.000%, 03/13/24 8,891 9,419,605 Telefonica Emisiones SAU 5.462%, 02/16/21 2,876 3,174,187 4.570%, 04/27/23 7,532 8,274,482 ----------- TOTAL SPAIN 41,928,386 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (0.2%) Asian Development Bank 1.750%, 09/11/18 877 880,181 1.875%, 04/12/19 2,116 2,129,729 European Investment Bank 1.125%, 09/15/17 295 294,914 1.875%, 03/15/19 529 532,300 3.250%, 01/29/24 3,237 3,434,302 Inter-American Development Bank 0.875%, 03/15/18 982 979,311 3.000%, 02/21/24 1,750 1,826,660 7.000%, 06/15/25 3,885 5,006,934 6.750%, 07/15/27 1,942 2,558,649 International Finance Corp. 0.875%, 06/15/18 295 293,822 Nordic Investment Bank 1.875%, 06/14/19 529 532,659 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS 18,469,461 ----------- SWEDEN -- (0.8%) Kommuninvest I Sverige AB 1.000%, 10/24/17 2,438 2,436,167 2.000%, 11/12/19 529 533,198 0.250%, 06/01/22 SEK 160,000 19,464,540 Svensk Exportkredit AB 1.875%, 06/17/19 1,164 1,170,075 Svenska Handelsbanken AB 2.500%, 01/25/19 578 584,457 Sweden Government Bond 3.500%, 06/01/22 SEK 287,000 41,490,834 ----------- TOTAL SWEDEN 65,679,271 ----------- SWITZERLAND -- (0.8%) ABB Finance USA, Inc. 2.875%, 05/08/22 3,929 4,030,026 Chubb INA Holdings, Inc. 2.700%, 03/13/23 3,000 3,035,886 Chubb INA Holdings, Inc. 2.875%, 11/03/22 2,040 2,095,013 3.350%, 05/15/24 5,180 5,374,478 FACE AMOUNT^ (000) VALUE+ ------- ----------- SWITZERLAND -- (Continued) Credit Suisse AG 2.300%, 05/28/19 162 $ 163,468 # 3.000%, 10/29/21 3,011 3,085,920 Credit Suisse New York 3.625%, 09/09/24 16,929 17,594,140 Novartis Capital Corp. 3.400%, 05/06/24 6,151 6,458,968 3.100%, 05/17/27 11,111 11,329,309 UBS AG 2.375%, 08/14/19 148 149,301 UBS Group Funding Jersey, Ltd. ## 4.125%, 09/24/25 15,190 16,074,514 ----------- TOTAL SWITZERLAND 69,391,023 ----------- UNITED KINGDOM -- (1.8%) Aon Corp. 5.000%, 09/30/20 819 887,847 Aon P.L.C. # 4.000%, 11/27/23 4,047 4,306,834 3.500%, 06/14/24 9,254 9,507,717 AstraZeneca P.L.C. 2.375%, 11/16/20 6,950 7,038,307 3.375%, 11/16/25 7,571 7,772,305 BAE Systems Holdings, Inc. ## 2.850%, 12/15/20 1,253 1,272,413 Barclays P.L.C. 2.750%, 11/08/19 626 633,582 3.650%, 03/16/25 14,330 14,358,861 4.375%, 01/12/26 9,970 10,438,490 Baxalta, Inc. 2.875%, 06/23/20 476 486,128 BP Capital Markets P.L.C. 4.750%, 03/10/19 106 111,095 3.245%, 05/06/22 4,900 5,071,093 3.535%, 11/04/24 2,266 2,344,240 # 3.119%, 05/04/26 3,000 3,006,786 3.017%, 01/16/27 11,000 10,804,211 British Telecommunications P.L.C. 2.350%, 02/14/19 4,140 4,168,934 Diageo Investment Corp. 2.875%, 05/11/22 133 136,606 GlaxoSmithKline Capital, Inc. 2.800%, 03/18/23 5,450 5,572,478 HSBC Holdings P.L.C. 3.400%, 03/08/21 6,000 6,204,168 4.000%, 03/30/22 5,068 5,382,758 HSBC USA, Inc. 2.375%, 11/13/19 317 320,712 2.350%, 03/05/20 558 563,425 3.500%, 06/23/24 12,740 13,139,297 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ------------ UNITED KINGDOM -- (Continued) Lloyds Banking Group P.L.C. 3.750%, 01/11/27 4,750 $ 4,825,815 Nationwide Building Society ## 3.900%, 07/21/25 2,000 2,100,898 Rio Tinto Finance USA P.L.C. 2.875%, 08/21/22 67 68,514 Rolls-Royce P.L.C. ## 3.625%, 10/14/25 5,000 5,188,595 Standard Chartered P.L.C. ## 4.050%, 04/12/26 847 866,677 TechnipFMC P.L.C. ## 3.450%, 10/01/22 4,284 4,275,385 Vodafone Group P.L.C. 5.450%, 06/10/19 83 88,335 4.375%, 03/16/21 913 975,502 2.500%, 09/26/22 9,769 9,833,475 7.875%, 02/15/30 6,684 9,106,656 ------------ TOTAL UNITED KINGDOM 150,858,139 ------------ UNITED STATES -- (36.6%) 21st Century Fox America, Inc. 3.700%, 09/15/24 14,532 15,168,908 3M Co. 6.375%, 02/15/28 2,000 2,580,736 Abbott Laboratories 2.000%, 03/15/20 7,296 7,299,035 2.800%, 09/15/20 132 134,492 3.250%, 04/15/23 3,237 3,315,679 2.950%, 03/15/25 12,615 12,391,147 AbbVie, Inc. 2.500%, 05/14/20 367 372,744 2.900%, 11/06/22 2,833 2,885,379 3.600%, 05/14/25 10,000 10,329,000 Activision Blizzard, Inc. # 3.400%, 06/15/27 4,500 4,507,483 Adobe Systems, Inc. 3.250%, 02/01/25 1,942 2,006,571 Advance Auto Parts, Inc. 4.500%, 12/01/23 1,200 1,281,305 Aetna, Inc. 2.200%, 03/15/19 343 345,343 2.750%, 11/15/22 8,417 8,527,187 3.500%, 11/15/24 5,422 5,632,325 Affiliated Managers Group, Inc. # 3.500%, 08/01/25 2,590 2,582,963 Aflac, Inc. 2.400%, 03/16/20 1,500 1,518,876 3.250%, 03/17/25 11,136 11,332,361 Agilent Technologies, Inc. 6.500%, 11/01/17 208 210,281 5.000%, 07/15/20 17 18,273 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Air Products & Chemicals, Inc. 2.750%, 02/03/23 987 $ 1,011,056 Alabama Power Co. 2.800%, 04/01/25 2,590 2,549,871 Albemarle Corp. 4.150%, 12/01/24 7,451 7,852,981 Allstate Corp. (The) 3.150%, 06/15/23 5,132 5,283,579 Alphabet, Inc. 3.375%, 02/25/24 4,547 4,786,531 1.998%, 08/15/26 7,471 7,053,072 Altria Group, Inc. 4.750%, 05/05/21 2,710 2,962,334 2.850%, 08/09/22 3,996 4,076,999 Amazon.com, Inc. 3.800%, 12/05/24 4,921 5,266,558 Ameren Corp. 2.700%, 11/15/20 1,000 1,015,693 American Express Credit Corp. 2.250%, 05/05/21 150 150,251 3.300%, 05/03/27 11,300 11,382,637 American International Group, Inc. 3.300%, 03/01/21 1,500 1,549,104 4.875%, 06/01/22 1,942 2,146,141 4.125%, 02/15/24 10,187 10,831,603 # 3.750%, 07/10/25 8,240 8,521,767 3.900%, 04/01/26 4,000 4,153,060 American Water Capital Corp. 3.850%, 03/01/24 2,140 2,277,645 Ameriprise Financial, Inc. 5.300%, 03/15/20 529 572,750 4.000%, 10/15/23 3,765 4,061,723 # 2.875%, 09/15/26 5,650 5,515,202 AmerisourceBergen Corp. 3.400%, 05/15/24 1,237 1,272,684 Amgen, Inc. 4.100%, 06/15/21 7,075 7,530,531 3.625%, 05/22/24 6,474 6,807,663 3.125%, 05/01/25 3,237 3,272,701 2.600%, 08/19/26 2,400 2,298,895 Amphenol Corp. 2.550%, 01/30/19 54 54,494 Analog Devices, Inc. 3.900%, 12/15/25 3,000 3,159,345 3.500%, 12/05/26 2,000 2,039,768 Anthem, Inc. # 4.350%, 08/15/20 1,100 1,170,294 # 3.125%, 05/15/22 2,202 2,264,308 3.500%, 08/15/24 5,044 5,221,660 Apache Corp. 3.250%, 04/15/22 8,237 8,404,302 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Apple, Inc. 2.000%, 05/06/20 352 $ 354,544 2.250%, 02/23/21 5,000 5,044,065 2.400%, 05/03/23 28,903 28,919,908 3.450%, 05/06/24 19,686 20,649,216 2.500%, 02/09/25 4,613 4,532,291 3.250%, 02/23/26 11,552 11,796,406 2.450%, 08/04/26 10,290 9,902,437 3.350%, 02/09/27 34,000 34,932,688 3.000%, 06/20/27 5,500 5,495,605 Applied Materials, Inc. 4.300%, 06/15/21 647 698,986 3.300%, 04/01/27 5,144 5,256,366 Archer-Daniels-Midland Co. 2.500%, 08/11/26 5,000 4,811,465 Arizona Public Service Co. 8.750%, 03/01/19 212 234,249 3.150%, 05/15/25 6,151 6,217,203 Arrow Electronics, Inc. 3.875%, 01/12/28 2,500 2,521,370 Associated Banc-Corp 2.750%, 11/15/19 53 53,504 Assurant, Inc. 2.500%, 03/15/18 982 987,806 4.000%, 03/15/23 6,474 6,713,434 AT&T, Inc. 5.500%, 02/01/18 698 711,443 3.000%, 02/15/22 6,399 6,476,428 3.800%, 03/15/22 5,115 5,352,316 3.950%, 01/15/25 10,000 10,261,590 3.400%, 05/15/25 11,870 11,696,045 Autodesk, Inc. 3.125%, 06/15/20 2,698 2,759,371 4.375%, 06/15/25 3,050 3,249,711 3.500%, 06/15/27 3,125 3,110,012 Automatic Data Processing, Inc. 3.375%, 09/15/25 5,000 5,229,310 AutoZone, Inc. 2.875%, 01/15/23 12,128 12,131,117 3.125%, 07/15/23 1,285 1,301,547 3.250%, 04/15/25 6,275 6,191,248 3.125%, 04/21/26 1,000 971,471 Avnet, Inc. # 4.625%, 04/15/26 5,625 5,834,756 Baker Hughes a GE Co. LLC 3.200%, 08/15/21 185 191,217 Baltimore Gas & Electric Co. 2.800%, 08/15/22 3,256 3,300,959 2.400%, 08/15/26 700 664,727 Bank of America Corp. 5.625%, 07/01/20 3,000 3,288,630 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) # 3.300%, 01/11/23 4,532 $ 4,650,548 4.000%, 04/01/24 11,457 12,103,748 3.875%, 08/01/25 9,850 10,267,197 Bank of New York Mellon Corp. (The) 5.450%, 05/15/19 391 415,954 3.650%, 02/04/24 10,647 11,215,816 3.000%, 02/24/25 2,590 2,595,263 # 2.800%, 05/04/26 5,500 5,417,610 Baxter International, Inc. 1.700%, 08/15/21 2,000 1,956,798 2.600%, 08/15/26 4,250 4,060,522 BB&T Corp. 1.450%, 01/12/18 194 193,963 Becton Dickinson and Co. 3.734%, 12/15/24 1,156 1,190,448 Bed Bath & Beyond, Inc. # 3.749%, 08/01/24 614 612,988 Bemis Co., Inc. 4.500%, 10/15/21 647 691,673 Berkshire Hathaway Energy Co. 2.400%, 02/01/20 570 573,915 Berkshire Hathaway Finance Corp. 1.300%, 05/15/18 157 156,910 3.000%, 05/15/22 987 1,023,564 Berkshire Hathaway, Inc. # 2.200%, 03/15/21 1,946 1,965,228 # 3.750%, 08/15/21 2,590 2,761,701 3.400%, 01/31/22 3,237 3,415,961 3.000%, 02/11/23 4,532 4,681,601 3.125%, 03/15/26 31,765 32,378,605 Biogen, Inc. 2.900%, 09/15/20 21,780 22,351,485 BlackRock, Inc. 5.000%, 12/10/19 407 437,787 4.250%, 05/24/21 2,000 2,154,422 3.200%, 03/15/27 8,000 8,141,848 Boeing Co. (The) 8.750%, 08/15/21 988 1,236,857 2.500%, 03/01/25 6,474 6,326,561 2.600%, 10/30/25 3,610 3,579,088 Boston Scientific Corp. 6.000%, 01/15/20 1,878 2,049,587 2.850%, 05/15/20 269 273,017 4.125%, 10/01/23 1,489 1,594,551 Bristol-Myers Squibb Co. 2.000%, 08/01/22 6,823 6,774,495 Brown & Brown, Inc. # 4.200%, 09/15/24 4,714 4,979,002 Buckeye Partners L.P. 4.150%, 07/01/23 1,942 2,021,133 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) 3.950%, 12/01/26 7,500 $ 7,488,480 Burlington Northern Santa Fe LLC 3.000%, 04/01/25 4,329 4,403,571 7.000%, 12/15/25 868 1,112,854 CA, Inc. 4.700%, 03/15/27 9,857 10,346,134 Campbell Soup Co. 4.250%, 04/15/21 1,036 1,107,633 2.500%, 08/02/22 1,962 1,967,433 3.300%, 03/19/25 4,092 4,161,679 Capital One Bank USA NA 2.300%, 06/05/19 529 530,886 Capital One Financial Corp. 2.450%, 04/24/19 856 862,339 4.750%, 07/15/21 1,979 2,144,725 3.750%, 04/24/24 4,661 4,802,130 Cardinal Health, Inc. 4.625%, 12/15/20 647 699,669 3.200%, 06/15/22 3,885 4,003,520 3.410%, 06/15/27 5,785 5,841,167 Caterpillar Financial Services Corp. 2.450%, 09/06/18 749 755,936 Caterpillar, Inc. # 2.600%, 06/26/22 3,561 3,614,511 # 3.400%, 05/15/24 1,844 1,922,447 CBS Corp. 5.750%, 04/15/20 159 173,912 3.375%, 03/01/22 2,303 2,382,044 3.500%, 01/15/25 2,392 2,432,011 # 2.900%, 01/15/27 23,330 22,289,225 7.875%, 07/30/30 1,150 1,592,898 Celgene Corp. 4.000%, 08/15/23 8,333 8,946,709 3.625%, 05/15/24 4,485 4,691,610 CenterPoint Energy Resources Corp. 6.125%, 11/01/17 54 54,578 4.500%, 01/15/21 1,567 1,655,943 Charles Schwab Corp. (The) 3.000%, 03/10/25 8,611 8,656,044 Chevron Corp. 1.718%, 06/24/18 391 391,805 2.355%, 12/05/22 6,474 6,478,383 3.191%, 06/24/23 15,950 16,603,025 2.954%, 05/16/26 5,500 5,514,118 Cigna Corp. 4.000%, 02/15/22 4,127 4,384,933 Cisco Systems, Inc. 1.400%, 02/28/18 800 800,434 3.625%, 03/04/24 1,942 2,060,872 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Citigroup, Inc. 2.550%, 04/08/19 1,058 $ 1,069,028 4.500%, 01/14/22 1,489 1,606,297 3.875%, 10/25/23 470 493,591 3.750%, 06/16/24 2,590 2,690,236 3.300%, 04/27/25 7,769 7,806,322 Citizens Bank NA 2.450%, 12/04/19 442 445,970 Clorox Co. (The) 3.500%, 12/15/24 3,237 3,352,344 CME Group, Inc. 3.000%, 03/15/25 2,866 2,898,715 CMS Energy Corp. 3.875%, 03/01/24 1,745 1,825,553 3.600%, 11/15/25 3,200 3,292,547 3.000%, 05/15/26 5,000 4,920,310 CNA Financial Corp. 7.350%, 11/15/19 842 938,598 5.750%, 08/15/21 4,233 4,725,239 4.500%, 03/01/26 6,532 7,050,909 Coach, Inc. # 4.250%, 04/01/25 17,001 17,582,502 Coca-Cola Co. (The) 1.875%, 10/27/20 18,650 18,701,008 3.300%, 09/01/21 1,716 1,803,109 3.200%, 11/01/23 21,789 22,732,311 2.250%, 09/01/26 11,000 10,501,117 # 2.900%, 05/25/27 23,810 23,826,310 Colgate-Palmolive Co. 1.750%, 03/15/19 185 185,752 1.950%, 02/01/23 7,007 6,905,777 Comcast Cable Communications Holdings, Inc. 9.455%, 11/15/22 2,991 4,018,403 Comcast Corp. 6.300%, 11/15/17 393 398,513 3.600%, 03/01/24 4,375 4,617,379 3.375%, 08/15/25 4,266 4,410,216 3.150%, 03/01/26 5,800 5,868,440 Computer Sciences Corp. 4.450%, 09/15/22 3,237 3,455,731 Conagra Brands, Inc. 3.200%, 01/25/23 4,697 4,744,346 ConocoPhillips Co. 2.400%, 12/15/22 1,942 1,927,260 3.350%, 11/15/24 4,532 4,665,499 4.950%, 03/15/26 15,000 16,880,010 Consolidated Edison Co. of New York, Inc. 3.300%, 12/01/24 1,295 1,333,008 Corning, Inc. 3.700%, 11/15/23 2,742 2,865,091 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Cox Communications, Inc. ## 3.250%, 12/15/22 2,250 $ 2,253,917 ### 3.850%, 02/01/25 6,869 6,951,923 CSX Corp. 4.250%, 06/01/21 757 809,468 CVS Health Corp. 2.800%, 07/20/20 1,935 1,977,866 2.125%, 06/01/21 1,300 1,291,813 3.375%, 08/12/24 15,031 15,351,461 3.875%, 07/20/25 8,998 9,438,866 Cytec Industries, Inc. 3.500%, 04/01/23 3,885 3,944,285 Danaher Corp. 3.350%, 09/15/25 1,500 1,567,986 Deere & Co. 5.375%, 10/16/29 472 577,194 Discovery Communications LLC 3.300%, 05/15/22 1,424 1,437,722 # 3.250%, 04/01/23 647 647,516 # 3.450%, 03/15/25 5,737 5,564,695 Dollar General Corp. 3.250%, 04/15/23 6,812 6,969,889 # 4.150%, 11/01/25 1,117 1,185,718 Dominion Energy Gas Holdings LLC 2.800%, 11/15/20 7,500 7,621,800 Dominion Energy, Inc. 2.500%, 12/01/19 932 941,186 3.900%, 10/01/25 10,130 10,601,410 Dominion Gas Holdings LLC 3.600%, 12/15/24 3,237 3,326,879 Dominion Resources, Inc. # 3.625%, 12/01/24 1,295 1,336,803 Dow Chemical Co. (The) 3.000%, 11/15/22 2,725 2,792,793 3.500%, 10/01/24 7,539 7,805,179 Dr Pepper Snapple Group, Inc. # 3.400%, 11/15/25 1,750 1,787,159 Dr. Pepper Snapple Group, Inc. 2.000%, 01/15/20 88 87,885 DTE Energy Co. # 2.400%, 12/01/19 2,170 2,186,629 3.850%, 12/01/23 971 1,020,830 Duke Energy Corp. 5.050%, 09/15/19 69 73,469 3.050%, 08/15/22 11,375 11,668,407 3.750%, 04/15/24 5,772 6,086,516 Eastman Chemical Co. 2.700%, 01/15/20 444 449,601 4.500%, 01/15/21 88 93,814 3.600%, 08/15/22 300 312,802 3.800%, 03/15/25 4,383 4,517,418 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) eBay, Inc. 3.800%, 03/09/22 7,500 $ 7,889,205 2.600%, 07/15/22 2,719 2,709,761 3.600%, 06/05/27 10,000 9,930,080 Ecolab, Inc. 4.350%, 12/08/21 1,200 1,306,454 EI du Pont de Nemours & Co. 4.625%, 01/15/20 152 161,749 Electronic Arts, Inc. 3.700%, 03/01/21 1,100 1,150,174 Emerson Electric Co. 3.150%, 06/01/25 5,374 5,524,101 Enterprise Products Operating LLC 5.250%, 01/31/20 212 227,937 5.200%, 09/01/20 486 528,292 3.900%, 02/15/24 2,104 2,200,414 3.750%, 02/15/25 2,000 2,079,662 3.700%, 02/15/26 5,338 5,488,131 EOG Resources, Inc. # 5.875%, 09/15/17 967 971,756 4.100%, 02/01/21 1,742 1,835,669 2.625%, 03/15/23 3,800 3,784,010 3.150%, 04/01/25 6,797 6,787,960 ERAC USA Finance LLC ## 2.350%, 10/15/19 862 867,480 ### 3.850%, 11/15/24 6,667 6,899,978 Eversource Energy 2.500%, 03/15/21 500 499,806 2.800%, 05/01/23 4,798 4,829,556 Exelon Corp. 2.450%, 04/15/21 1,307 1,305,421 3.950%, 06/15/25 2,350 2,463,606 # 3.400%, 04/15/26 19,465 19,713,101 Exelon Generation Co. LLC 2.950%, 01/15/20 836 853,607 Express Scripts Holding Co. 3.900%, 02/15/22 4,823 5,065,534 3.500%, 06/15/24 8,439 8,636,414 3.400%, 03/01/27 11,094 10,934,601 Exxon Mobil Corp. 3.176%, 03/15/24 33,308 34,469,450 # 3.043%, 03/01/26 5,000 5,093,680 FedEx Corp. # 2.625%, 08/01/22 5,408 5,478,515 4.000%, 01/15/24 8,590 9,222,671 3.200%, 02/01/25 3,788 3,869,510 Fidelity National Information Services, Inc. 2.250%, 08/15/21 3,900 3,872,696 5.000%, 10/15/25 3,050 3,444,405 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Fifth Third Bancorp 3.500%, 03/15/22 2,056 $ 2,145,929 Ford Motor Credit Co. LLC 2.459%, 03/27/20 635 637,807 3.200%, 01/15/21 1,200 1,223,059 3.219%, 01/09/22 8,750 8,883,437 4.375%, 08/06/23 8,417 8,901,584 3.664%, 09/08/24 4,875 4,891,853 GATX Corp. 2.500%, 03/15/19 547 551,617 3.250%, 03/30/25 5,180 5,105,491 # 3.250%, 09/15/26 2,800 2,746,859 General Dynamics Corp. 1.000%, 11/15/17 439 438,624 2.250%, 11/15/22 4,856 4,866,999 2.125%, 08/15/26 7,425 7,006,282 General Electric Co. 0.375%, 05/17/22 EUR 11,681 13,832,314 3.375%, 03/11/24 3,237 3,404,363 6.750%, 03/15/32 19,132 26,549,304 General Mills, Inc. 3.150%, 12/15/21 942 972,639 General Motors Financial Co., Inc. 5.250%, 03/01/26 12,170 13,202,807 4.350%, 01/17/27 5,000 5,083,410 Georgia Power Co. 2.850%, 05/15/22 2,851 2,904,736 Gilead Sciences, Inc. 2.050%, 04/01/19 177 178,296 4.400%, 12/01/21 1,431 1,552,141 3.700%, 04/01/24 10,736 11,349,627 3.650%, 03/01/26 4,900 5,108,755 Goldman Sachs Group, Inc. (The) 6.000%, 06/15/20 42 46,381 5.250%, 07/27/21 2,266 2,496,232 4.000%, 03/03/24 21,654 22,782,542 3.750%, 05/22/25 7,500 7,714,185 Great Plains Energy, Inc. 4.850%, 06/01/21 2,495 2,661,891 Halliburton Co. 3.500%, 08/01/23 6,474 6,716,063 # 3.800%, 11/15/25 2,470 2,551,228 Harley Davidson, Inc. 3.500%, 07/28/25 3,635 3,749,761 Harley-Davidson Financial Services, Inc. ## 2.150%, 02/26/20 1,189 1,187,383 Harris Corp. 2.700%, 04/27/20 503 507,536 Hartford Financial Services Group, Inc. (The) 5.125%, 04/15/22 6,816 7,592,704 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Home Depot, Inc. (The) 2.700%, 04/01/23 1,295 $ 1,318,846 3.350%, 09/15/25 3,685 3,833,962 Honeywell International, Inc. 2.500%, 11/01/26 8,800 8,471,672 Hormel Foods Corp. 4.125%, 04/15/21 1,496 1,600,531 HP, Inc. 4.375%, 09/15/21 12,625 13,468,312 Humana, Inc. 2.625%, 10/01/19 455 460,680 3.850%, 10/01/24 7,916 8,324,386 Huntington Bancshares, Inc. 3.150%, 03/14/21 1,600 1,639,554 2.300%, 01/14/22 3,330 3,294,083 Hyatt Hotels Corp. 3.375%, 07/15/23 1,959 2,004,081 Illinois Tool Works, Inc. 1.950%, 03/01/19 314 315,765 3.500%, 03/01/24 6,474 6,815,847 Indiana Michigan Power Co. 7.000%, 03/15/19 264 285,100 Intel Corp. 2.450%, 07/29/20 494 503,233 2.700%, 12/15/22 1,942 1,980,098 International Business Machines Corp. # 2.250%, 02/19/21 20,000 20,155,420 3.375%, 08/01/23 4,409 4,602,251 3.625%, 02/12/24 9,712 10,211,158 # 3.300%, 01/27/27 26,460 26,851,921 International Paper Co. 3.650%, 06/15/24 7,942 8,215,554 3.800%, 01/15/26 1,062 1,099,243 Interpublic Group of Cos., Inc. (The) 4.200%, 04/15/24 3,949 4,163,273 ITC Holdings Corp. 3.650%, 06/15/24 9,827 10,167,555 Janus Capital Group, Inc. 4.875%, 08/01/25 9,152 9,877,598 Jefferies Group LLC 5.125%, 04/13/18 184 188,127 4.850%, 01/15/27 4,900 5,189,345 JM Smucker Co. (The) 3.500%, 03/15/25 5,000 5,155,460 John Deere Capital Corp. 2.550%, 01/08/21 12,661 12,857,208 3.350%, 06/12/24 6,267 6,504,682 Johnson & Johnson # 1.650%, 03/01/21 1,500 1,490,746 # 3.375%, 12/05/23 6,474 6,963,273 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) 2.450%, 03/01/26 3,250 $ 3,197,496 JPMorgan Chase & Co. 2.000%, 08/15/17 172 172,038 2.250%, 01/23/20 796 801,992 4.350%, 08/15/21 2,719 2,930,353 3.625%, 05/13/24 12,273 12,743,976 3.900%, 07/15/25 11,150 11,707,255 Juniper Networks, Inc. 4.600%, 03/15/21 2,590 2,778,298 4.500%, 03/15/24 4,273 4,597,970 Kellogg Co. 3.250%, 04/01/26 13,900 13,918,654 7.450%, 04/01/31 5,320 7,230,651 KeyBank NA 2.500%, 12/15/19 153 155,181 KeyCorp 2.900%, 09/15/20 1,466 1,497,450 5.100%, 03/24/21 2,156 2,366,346 Kimberly-Clark Corp. 1.900%, 05/22/19 497 500,381 2.400%, 06/01/23 1,942 1,940,378 Kohl's Corp. 4.750%, 12/15/23 5,253 5,487,184 Kraft Heinz Foods Co. 3.500%, 06/06/22 9,255 9,606,579 # 3.950%, 07/15/25 11,650 12,042,593 Kroger Co. (The) 3.300%, 01/15/21 2,000 2,058,630 3.850%, 08/01/23 3,380 3,548,706 7.500%, 04/01/31 6,250 8,352,075 L3 Technologies, Inc. 4.750%, 07/15/20 550 589,498 3.950%, 05/28/24 2,498 2,603,396 Laboratory Corp. of America Holdings 2.200%, 08/23/17 2,242 2,242,657 4.000%, 11/01/23 3,885 4,085,474 Lam Research Corp. 2.750%, 03/15/20 558 569,299 Legg Mason, Inc. 2.700%, 07/15/19 529 534,417 3.950%, 07/15/24 4,791 4,896,392 4.750%, 03/15/26 2,030 2,156,804 Liberty Mutual Group, Inc. ## 5.000%, 06/01/21 6,743 7,345,238 Lincoln National Corp. 6.250%, 02/15/20 117 128,446 Lockheed Martin Corp. 4.250%, 11/15/19 3,500 3,686,949 2.500%, 11/23/20 5,071 5,161,238 2.900%, 03/01/25 4,532 4,535,671 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) 3.550%, 01/15/26 4,856 $ 5,065,133 Loews Corp. 2.625%, 05/15/23 3,805 3,795,628 # 3.750%, 04/01/26 10,795 11,242,604 Lowe's Cos., Inc. 3.120%, 04/15/22 1,295 1,342,921 3.375%, 09/15/25 5,244 5,428,605 Magellan Midstream Partners L.P. 4.250%, 02/01/21 1,534 1,624,383 Manufacturers & Traders Trust Co. 2.100%, 02/06/20 893 897,027 2.900%, 02/06/25 8,028 7,997,453 Marathon Petroleum Corp. 3.625%, 09/15/24 8,287 8,423,462 Marriott International, Inc. 6.750%, 05/15/18 504 522,784 2.875%, 03/01/21 1,021 1,037,973 Marsh & McLennan Cos., Inc. 2.350%, 09/10/19 529 532,847 3.500%, 06/03/24 8,417 8,719,852 MasterCard, Inc. 3.375%, 04/01/24 1,808 1,894,511 Mattel, Inc. 1.700%, 03/15/18 578 577,648 2.350%, 05/06/19 1,537 1,539,475 Maxim Integrated Products, Inc. 3.450%, 06/15/27 6,000 5,975,016 McDonald's Corp. 2.200%, 05/26/20 811 818,382 3.500%, 07/15/20 4,972 5,196,088 # 2.625%, 01/15/22 1,878 1,902,555 McKesson Corp. 2.284%, 03/15/19 7,749 7,811,534 # 3.796%, 03/15/24 4,399 4,630,638 Mead Johnson Nutrition Co. 4.125%, 11/15/25 6,000 6,505,176 Merck & Co., Inc. 2.800%, 05/18/23 13,920 14,306,823 2.750%, 02/10/25 11,745 11,797,465 MetLife, Inc. 3.600%, 04/10/24 16,329 17,159,509 Microsoft Corp. 1.625%, 12/06/18 973 974,955 1.850%, 02/12/20 122 122,513 3.000%, 10/01/20 1,045 1,083,381 2.000%, 11/03/20 8,700 8,762,866 3.625%, 12/15/23 9,398 10,060,531 2.700%, 02/12/25 1,942 1,952,516 3.125%, 11/03/25 3,145 3,233,227 2.400%, 08/08/26 19,980 19,300,021 3.300%, 02/06/27 14,000 14,480,396 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Mobil Corp. 8.625%, 08/15/21 1,303 $ 1,627,602 Molson Coors Brewing Co. # 3.500%, 05/01/22 5,180 5,394,183 3.000%, 07/15/26 7,500 7,300,890 Monsanto Co. 1.850%, 11/15/18 2,959 2,959,062 2.125%, 07/15/19 264 265,224 5.500%, 08/15/25 2,266 2,592,522 Morgan Stanley 7.300%, 05/13/19 235 256,555 2.500%, 04/21/21 2,500 2,508,717 5.500%, 07/28/21 875 973,843 3.875%, 04/29/24 12,122 12,664,993 # 3.875%, 01/27/26 15,600 16,133,489 Mosaic Co. (The) # 4.250%, 11/15/23 4,011 4,228,797 Motorola Solutions, Inc. 3.750%, 05/15/22 3,237 3,353,988 3.500%, 03/01/23 3,237 3,276,291 Nasdaq, Inc. 4.250%, 06/01/24 2,849 3,031,872 National Oilwell Varco, Inc. 2.600%, 12/01/22 8,117 7,919,619 National Rural Utilities Cooperative Finance Corp. 8.000%, 03/01/32 2,740 4,056,504 NetApp, Inc. # 3.250%, 12/15/22 1,101 1,122,354 Newell Brands, Inc. 4.000%, 06/15/22 6,559 6,929,688 NextEra Energy Capital Holdings, Inc. 4.500%, 06/01/21 838 898,333 # 3.550%, 05/01/27 5,100 5,257,095 NIKE, Inc. 2.375%, 11/01/26 21,411 20,544,368 NiSource Finance Corp. 3.850%, 02/15/23 2,362 2,475,496 Noble Energy, Inc. 4.150%, 12/15/21 1,737 1,837,121 # 3.900%, 11/15/24 1,574 1,625,807 Nordstrom, Inc. 4.750%, 05/01/20 1,353 1,423,993 # 4.000%, 10/15/21 971 1,010,992 # 4.000%, 03/15/27 12,800 12,702,605 Norfolk Southern Corp. # 2.903%, 02/15/23 4,532 4,606,026 Northern Trust Corp. 3.375%, 08/23/21 1,942 2,024,667 Northrop Grumman Corp. 3.250%, 08/01/23 1,000 1,039,285 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Nucor Corp. 5.750%, 12/01/17 236 $ 239,042 Nuveen Finance LLC ## 2.950%, 11/01/19 1,132 1,151,894 ## 4.125%, 11/01/24 2,780 2,928,191 O'Reilly Automotive, Inc. 3.800%, 09/01/22 730 764,864 Occidental Petroleum Corp. 2.700%, 02/15/23 3,300 3,327,921 3.400%, 04/15/26 7,376 7,543,686 3.000%, 02/15/27 4,700 4,660,055 Ohio Power Co. 5.375%, 10/01/21 2,335 2,602,117 Omnicom Group, Inc. 4.450%, 08/15/20 2,000 2,135,110 3.650%, 11/01/24 3,295 3,404,447 ONE Gas, Inc. 2.070%, 02/01/19 497 498,306 Oracle Corp. 1.200%, 10/15/17 501 500,814 2.500%, 10/15/22 1,942 1,963,659 2.950%, 05/15/25 16,683 16,867,831 2.650%, 07/15/26 27,250 26,596,681 Pacific Gas & Electric Co. 3.850%, 11/15/23 3,237 3,438,235 3.750%, 02/15/24 6,578 6,939,093 3.500%, 06/15/25 4,338 4,490,797 Packaging Corp. of America 4.500%, 11/01/23 3,933 4,241,383 Parker-Hannifin Corp. 3.300%, 11/21/24 6,164 6,354,221 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.050%, 01/09/20 4,721 4,828,049 PepsiCo, Inc. 2.150%, 10/14/20 9,253 9,338,553 2.750%, 03/05/22 2,843 2,907,161 2.750%, 03/01/23 4,532 4,644,090 3.500%, 07/17/25 6,474 6,797,441 Pfizer, Inc. 3.000%, 06/15/23 1,942 2,008,576 3.400%, 05/15/24 6,474 6,820,955 3.000%, 12/15/26 35,600 36,068,638 Philip Morris International, Inc. 3.250%, 11/10/24 5,916 6,074,602 Phillips 66 4.300%, 04/01/22 4,284 4,603,047 Phillips 66 Partners L.P. 3.550%, 10/01/26 21,855 21,535,808 Pitney Bowes, Inc. # 4.625%, 03/15/24 6,114 6,279,029 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Plains All American Pipeline L.P. / PAA Finance Corp. 4.500%, 12/15/26 16,000 $16,385,616 PNC Bank NA 2.400%, 10/18/19 846 855,943 # 3.300%, 10/30/24 3,788 3,887,893 2.950%, 02/23/25 8,093 8,109,583 3.250%, 06/01/25 8,000 8,143,128 PNC Financial Services Group, Inc. (The) 4.375%, 08/11/20 3,800 4,059,240 3.300%, 03/08/22 4,304 4,488,887 PPL Capital Funding, Inc. # 3.400%, 06/01/23 4,914 5,092,034 Praxair, Inc. 2.200%, 08/15/22 809 803,750 Precision Castparts Corp. 2.500%, 01/15/23 7,860 7,875,358 3.250%, 06/15/25 31,349 32,125,734 Priceline Group, Inc. (The) 3.600%, 06/01/26 9,322 9,508,962 Principal Financial Group, Inc. 3.125%, 05/15/23 4,496 4,592,345 3.100%, 11/15/26 4,600 4,586,890 Private Export Funding Corp. 4.300%, 12/15/21 911 998,333 Procter & Gamble Co. (The) 1.850%, 02/02/21 1,533 1,531,818 2.450%, 11/03/26 1,090 1,068,731 Progress Energy, Inc. 4.875%, 12/01/19 553 587,252 4.400%, 01/15/21 2,300 2,443,467 Progressive Corp. (The) 3.750%, 08/23/21 4,403 4,645,332 Prudential Financial, Inc. 2.350%, 08/15/19 1,587 1,601,151 4.500%, 11/15/20 1,361 1,462,874 3.500%, 05/15/24 9,712 10,163,249 PSEG Power LLC 2.450%, 11/15/18 529 531,754 # 5.125%, 04/15/20 2,269 2,427,794 # 4.300%, 11/15/23 5,883 6,223,720 Puget Energy, Inc. 6.000%, 09/01/21 7,992 9,043,907 QUALCOMM, Inc. 2.250%, 05/20/20 543 549,228 3.450%, 05/20/25 11,374 11,751,799 Quest Diagnostics, Inc. 4.700%, 04/01/21 3,885 4,188,993 3.500%, 03/30/25 388 395,754 Raytheon Co. 3.125%, 10/15/20 4,050 4,217,654 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) 2.500%, 12/15/22 1,424 $ 1,440,882 Reinsurance Group of America, Inc. 5.000%, 06/01/21 971 1,057,601 4.700%, 09/15/23 3,885 4,220,602 3.950%, 09/15/26 9,600 9,802,397 Republic Services, Inc. 5.500%, 09/15/19 131 140,667 3.550%, 06/01/22 4,540 4,748,944 Reynolds American, Inc. 6.875%, 05/01/20 4,095 4,608,181 Roche Holdings, Inc. ### 2.375%, 01/28/27 14,000 13,376,426 Rockwell Automation, Inc. 2.875%, 03/01/25 5,805 5,783,173 Roper Technologies, Inc. 3.000%, 12/15/20 1,300 1,332,523 Ryder System, Inc. 2.500%, 03/01/18 343 344,355 2.450%, 09/03/19 121 122,205 SCANA Corp. 4.125%, 02/01/22 1,965 2,043,352 Scripps Networks Interactive, Inc. 2.800%, 06/15/20 550 556,940 3.500%, 06/15/22 7,784 7,962,993 3.900%, 11/15/24 5,439 5,584,047 Sempra Energy 2.850%, 11/15/20 5,400 5,498,442 4.050%, 12/01/23 4,254 4,550,355 3.550%, 06/15/24 6,604 6,787,479 Sherwin-Williams Co. (The) # 3.450%, 08/01/25 4,597 4,686,067 Southern Co. (The) 2.750%, 06/15/20 346 351,284 3.250%, 07/01/26 4,860 4,838,626 Southern Power Co. 4.150%, 12/01/25 1,450 1,529,669 Southwest Airlines Co. 2.750%, 11/06/19 5,120 5,203,451 2.650%, 11/05/20 5,200 5,277,256 3.000%, 11/15/26 9,273 9,115,656 Spectra Energy Partners L.P. 4.750%, 03/15/24 1,937 2,095,911 StanCorp Financial Group, Inc. 5.000%, 08/15/22 3,237 3,511,925 Starbucks Corp. 3.850%, 10/01/23 1,245 1,344,494 State Street Corp. 4.375%, 03/07/21 2,120 2,279,297 1.950%, 05/19/21 2,384 2,369,541 3.300%, 12/16/24 14,110 14,558,190 3.550%, 08/18/25 8,350 8,766,966 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Stryker Corp. 2.625%, 03/15/21 1,600 $1,631,360 # 3.375%, 05/15/24 518 535,201 3.375%, 11/01/25 9,398 9,666,210 SunTrust Bank 2.750%, 05/01/23 3,172 3,174,620 SunTrust Banks, Inc. 2.900%, 03/03/21 5,500 5,602,624 Sysco Corp. 2.600%, 10/01/20 3,000 3,043,974 3.300%, 07/15/26 2,000 2,011,776 Target Corp. 2.300%, 06/26/19 6 6,083 2.900%, 01/15/22 6,351 6,566,572 # 2.500%, 04/15/26 4,520 4,346,446 TD Ameritrade Holding Corp. 5.600%, 12/01/19 212 229,389 2.950%, 04/01/22 1,806 1,849,770 3.625%, 04/01/25 7,444 7,740,800 Tech Data Corp. 3.750%, 09/21/17 491 492,071 Texas Instruments, Inc. # 2.250%, 05/01/23 665 664,179 Time Warner, Inc. 4.750%, 03/29/21 1,102 1,190,936 4.000%, 01/15/22 1,165 1,233,699 3.550%, 06/01/24 4,532 4,634,088 3.600%, 07/15/25 8,500 8,591,213 Total System Services, Inc. 4.800%, 04/01/26 6,000 6,584,400 Toyota Motor Credit Corp. 3.300%, 01/12/22 2,635 2,750,690 Travelers Cos., Inc. (The) 3.900%, 11/01/20 6,000 6,348,876 Tyson Foods, Inc. 4.500%, 06/15/22 5,592 6,088,721 U.S. Bancorp 2.350%, 01/29/21 815 822,471 U.S. Bank NA 2.800%, 01/27/25 5,950 5,918,114 Union Pacific Corp. 2.250%, 02/15/19 336 339,130 1.800%, 02/01/20 421 420,939 2.750%, 04/15/23 647 658,092 3.250%, 01/15/25 9,626 9,930,769 United Technologies Corp. 3.100%, 06/01/22 160 166,143 7.500%, 09/15/29 622 884,271 UnitedHealth Group, Inc. 2.750%, 02/15/23 8,773 8,899,972 2.875%, 03/15/23 5,827 5,937,462 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) 3.750%, 07/15/25 11,867 $12,616,733 Unum Group 4.000%, 03/15/24 5,110 5,362,480 # 3.875%, 11/05/25 2,000 2,060,634 Valero Energy Corp. 9.375%, 03/15/19 593 662,210 3.400%, 09/15/26 3,964 3,931,424 Verizon Communications, Inc. 4.500%, 09/15/20 1,458 1,558,783 4.600%, 04/01/21 2,622 2,819,465 2.946%, 03/15/22 324 327,305 5.150%, 09/15/23 13,026 14,502,080 3.500%, 11/01/24 1,200 1,210,984 2.625%, 08/15/26 2,050 1,897,822 Viacom, Inc. 2.750%, 12/15/19 296 299,612 # 4.500%, 03/01/21 1,878 1,991,596 4.250%, 09/01/23 647 672,489 3.875%, 04/01/24 7,996 8,149,107 Visa, Inc. 3.150%, 12/14/25 14,725 15,076,942 Wal-Mart Stores, Inc. 2.550%, 04/11/23 6,827 6,927,371 3.300%, 04/22/24 6,782 7,112,934 7.550%, 02/15/30 3,347 4,909,781 Walgreen Co. 3.100%, 09/15/22 6,887 7,035,070 Walgreens Boots Alliance, Inc. 3.300%, 11/18/21 12,978 13,447,077 3.450%, 06/01/26 3,000 3,004,719 Walt Disney Co. (The) 2.150%, 09/17/20 1,058 1,066,077 3.150%, 09/17/25 6,474 6,631,778 Waste Management, Inc. 4.600%, 03/01/21 1,852 1,998,528 3.500%, 05/15/24 5,000 5,196,520 3.125%, 03/01/25 3,500 3,558,331 WEC Energy Group, Inc. 2.450%, 06/15/20 1,677 1,699,869 Wells Fargo & Co. 2.600%, 07/22/20 300 305,109 3.500%, 03/08/22 8,870 9,242,779 3.000%, 02/19/25 16,454 16,389,632 3.000%, 04/22/26 2,803 2,759,461 Western Union Co. (The) 5.253%, 04/01/20 2,310 2,461,795 Whirlpool Corp. 4.700%, 06/01/22 1,942 2,123,822 # 3.700%, 05/01/25 12,588 13,055,292 Williams Partners L.P. 4.000%, 09/15/25 11,750 12,070,105 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- -------------- UNITED STATES -- (Continued) Wisconsin Electric Power Co. 3.100%, 06/01/25 3,237 $ 3,278,120 Wm Wrigley Jr Co. ## 2.900%, 10/21/19 176 179,113 Wyndham Worldwide Corp. 3.900%, 03/01/23 7,629 7,907,756 Xerox Corp. ## 4.070%, 03/17/22 1,138 1,170,304 # 3.800%, 05/15/24 4,340 4,382,667 Xilinx, Inc. 3.000%, 03/15/21 989 1,010,791 Zimmer Biomet Holdings, Inc. 2.700%, 04/01/20 1,430 1,447,323 # 3.550%, 04/01/25 5,700 5,769,945 -------------- TOTAL UNITED STATES 3,006,753,470 -------------- TOTAL BONDS 4,181,228,127 -------------- AGENCY OBLIGATIONS -- (18.2%) Federal Farm Credit Bank 5.100%, 09/03/19 2,695 2,889,765 5.320%, 09/03/19 6,379 6,881,901 5.150%, 11/15/19 5,294 5,726,943 4.670%, 05/07/20 1,677 1,818,795 5.350%, 08/07/20 2,007 2,226,835 3.650%, 12/21/20 13,178 14,000,492 5.250%, 03/02/21 1,827 2,041,097 5.220%, 02/22/22 1,497 1,709,417 5.210%, 12/19/22 6,349 7,297,179 4.800%, 02/13/23 583 666,476 5.250%, 03/06/23 1,797 2,082,252 5.220%, 05/15/23 14,406 16,789,934 2.630%, 08/03/26 5,827 5,842,115 5.770%, 01/05/27 1,942 2,425,486 Federal Home Loan Bank 1.375%, 03/09/18 11,185 11,195,402 1.250%, 06/08/18 9,375 9,374,034 4.750%, 06/08/18 3,170 3,263,933 2.000%, 09/14/18 14,660 14,771,563 1.750%, 12/14/18 24,920 25,054,269 1.500%, 03/08/19 11,350 11,382,245 1.875%, 03/08/19 16,720 16,855,332 5.375%, 05/15/19 16,985 18,173,916 1.625%, 06/14/19 16,120 16,173,535 5.125%, 08/15/19 1,585 1,701,277 1.375%, 09/13/19 1,495 1,493,028 4.500%, 09/13/19 11,070 11,767,809 4.125%, 12/13/19 7,785 8,267,616 1.875%, 03/13/20 37,695 38,056,947 4.125%, 03/13/20 46,870 49,978,606 3.000%, 03/18/20 5,415 5,619,757 FACE AMOUNT^ (000) VALUE+ ------- -------------- 3.375%, 06/12/20 8,535 $ 8,966,982 2.875%, 09/11/20 4,405 4,569,646 4.625%, 09/11/20 7,680 8,374,656 3.125%, 12/11/20 1,795 1,879,674 5.250%, 12/11/20 2,260 2,523,670 1.750%, 03/12/21 12,110 12,140,796 5.000%, 03/12/21 1,555 1,726,852 2.250%, 06/11/21 20,965 21,365,599 3.625%, 06/11/21 3,005 3,212,943 5.625%, 06/11/21 11,075 12,677,054 2.375%, 09/10/21 11,785 12,048,972 # 3.000%, 09/10/21 9,355 9,788,417 2.625%, 12/10/21 32,225 33,293,645 5.000%, 12/10/21 13,625 15,435,000 2.250%, 03/11/22 2,995 3,047,529 2.500%, 03/11/22 3,295 3,382,189 5.250%, 06/10/22 2,470 2,840,423 5.750%, 06/10/22 5,840 6,821,500 2.000%, 09/09/22 4,860 4,859,883 5.375%, 09/30/22 18,980 22,134,381 5.250%, 12/09/22 4,490 5,229,355 4.750%, 03/10/23 14,735 16,826,427 3.250%, 06/09/23 10,480 11,170,527 2.500%, 12/08/23 10,000 10,193,010 3.250%, 03/08/24 29,750 31,771,899 2.875%, 06/14/24 4,900 5,083,726 5.375%, 08/15/24 5,555 6,670,583 5.365%, 09/09/24 600 721,080 2.875%, 09/13/24 31,000 32,118,015 2.750%, 12/13/24 76,000 78,210,612 4.375%, 03/13/26 6,020 6,844,626 5.750%, 06/12/26 11,915 14,867,477 Federal Home Loan Mortgage Corp. 1.000%, 09/29/17 90 89,981 # 1.750%, 05/30/19 529 532,751 Federal Home Loan Mortgage Corporation 6.750%, 09/15/29 17,421 24,652,544 6.750%, 03/15/31 22,491 32,615,234 Federal National Mortgage Association 1.875%, 09/18/18 1,499 1,508,830 1.875%, 02/19/19 1,058 1,065,820 # 1.500%, 06/22/20 4,549 4,546,120 # 1.250%, 05/06/21 5,000 4,924,500 2.000%, 01/05/22 23,000 23,138,575 # 2.625%, 09/06/24 84,500 86,852,649 2.125%, 04/24/26 34,500 33,730,581 1.875%, 09/24/26 66,950 63,792,772 6.250%, 05/15/29 33,322 45,212,389 7.125%, 01/15/30 6,474 9,461,764 7.250%, 05/15/30 11,550 17,204,430 6.625%, 11/15/30 111,500 159,416,790 DFA INVESTMENT GRADE PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ---------- -------------- Tennessee Valley Authority 4.500%, 04/01/18 14,469 $ 14,776,929 1.750%, 10/15/18 3,237 3,254,613 3.875%, 02/15/21 31,741 34,089,136 # 1.875%, 08/15/22 38,243 38,136,837 # 2.875%, 09/15/24 55,925 58,177,715 6.750%, 11/01/25 25,623 33,537,740 2.875%, 02/01/27 17,000 17,478,448 7.125%, 05/01/30 43,131 62,821,552 -------------- TOTAL AGENCY OBLIGATIONS 1,497,343,804 -------------- U.S. TREASURY OBLIGATIONS -- (23.8%) U.S. Treasury Bonds 8.125%, 05/15/21 37,017 45,773,939 # 8.125%, 08/15/21 35,789 44,723,902 7.250%, 08/15/22 28,959 36,459,295 6.250%, 08/15/23 51,741 64,370,957 # 7.500%, 11/15/24 49,948 68,277,970 6.875%, 08/15/25 40,371 54,498,601 6.000%, 02/15/26 44,667 57,928,034 6.750%, 08/15/26 39,317 53,910,644 # 6.625%, 02/15/27 45,173 62,099,855 6.125%, 11/15/27 29,750 40,160,180 5.250%, 11/15/28 36,868 47,445,817 5.250%, 02/15/29 70,850 91,443,157 6.125%, 08/15/29 25,884 36,026,736 # 6.250%, 05/15/30 26,011 37,021,407 5.375%, 02/15/31 111,000 148,909,053 U.S. Treasury Notes 1.875%, 06/30/20 22,462 22,707,487 2.000%, 07/31/20 23,360 23,687,882 2.000%, 09/30/20 52,328 53,043,124 3.625%, 02/15/21 39,500 42,223,328 3.125%, 05/15/21 49,865 52,535,731 1.125%, 07/31/21 25,000 24,435,550 1.250%, 10/31/21 50,000 48,974,600 2.000%, 10/31/21 54,757 55,313,314 # 1.625%, 08/15/22 90,000 89,064,810 1.500%, 02/28/23 77,200 75,426,793 1.500%, 03/31/23 88,000 85,899,704 # 1.750%, 05/15/23 69,000 68,188,698 2.750%, 02/15/24 71,662 74,713,016 2.500%, 05/15/24 68,000 69,808,936 2.125%, 05/15/25 110,000 109,596,080 # 2.000%, 08/15/25 14,000 13,797,112 1.625%, 02/15/26 45,000 42,874,785 1.625%, 05/15/26 57,000 54,170,064 FACE AMOUNT^ (000) VALUE+ ---------- -------------- 1.500%, 08/15/26 65,000 $ 60,980,660 -------------- TOTAL U.S. TREASURY OBLIGATIONS 1,956,491,221 -------------- TOTAL INVESTMENT SECURITIES 7,635,063,152 -------------- SHARES ---------- SECURITIES LENDING COLLATERAL -- (7.1%) (S)@ DFA Short Term Investment Fund 50,450,433 583,812,415 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $8,155,242,909)^^ $8,218,875,567 ============== DFA INVESTMENT GRADE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia -- $ 159,912,682 -- $ 159,912,682 Austria -- 1,959,809 -- 1,959,809 Belgium -- 20,618,610 -- 20,618,610 Canada -- 145,248,524 -- 145,248,524 Denmark -- 14,013,966 -- 14,013,966 Finland -- 2,450,970 -- 2,450,970 France -- 73,980,681 -- 73,980,681 Germany -- 96,657,736 -- 96,657,736 Ireland -- 42,768,187 -- 42,768,187 Italy -- 8,718,395 -- 8,718,395 Japan -- 108,390,062 -- 108,390,062 Netherlands -- 127,746,660 -- 127,746,660 New Zealand -- 6,046,722 -- 6,046,722 Norway -- 19,635,373 -- 19,635,373 Spain -- 41,928,386 -- 41,928,386 Supranational Organization Obligations -- 18,469,461 -- 18,469,461 Sweden -- 65,679,271 -- 65,679,271 Switzerland -- 69,391,023 -- 69,391,023 United Kingdom -- 150,858,139 -- 150,858,139 United States -- 3,006,753,470 -- 3,006,753,470 Agency Obligations -- 1,497,343,804 -- 1,497,343,804 U.S. Treasury Obligations -- 1,956,491,221 -- 1,956,491,221 Securities Lending Collateral -- 583,812,415 -- 583,812,415 Forward Currency Contracts** -- (2,157,253) -- (2,157,253) -- -------------- -- -------------- TOTAL -- $8,216,718,314 -- $8,216,718,314 == ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA INFLATION-PROTECTED SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^^^ (000) VALUE+ --------- -------------- U.S. TREASURY OBLIGATIONS -- (99.9%) Treasury Inflation Protected Security 0.125%, 07/15/22 127,500 $ 136,355,470 0.125%, 01/15/23 263,300 278,122,712 0.375%, 07/15/23 225,000 239,454,762 0.625%, 01/15/24 248,000 265,334,335 0.125%, 07/15/24 240,000 244,428,440 0.250%, 01/15/25 308,000 314,482,076 2.375%, 01/15/25 168,000 249,578,056 0.375%, 07/15/25 296,000 305,122,834 0.625%, 01/15/26 306,000 318,978,563 2.000%, 01/15/26 172,800 239,916,202 0.125%, 07/15/26 323,700 320,717,352 2.375%, 01/15/27 147,500 209,584,067 1.750%, 01/15/28 147,700 193,391,290 3.625%, 04/15/28 124,500 247,150,656 2.500%, 01/15/29 165,500 228,085,976 3.875%, 04/15/29 124,745 253,102,642 3.375%, 04/15/32 54,000 102,778,697 -------------- TOTAL U.S. TREASURY OBLIGATIONS 4,146,584,130 -------------- TOTAL INVESTMENT SECURITIES 4,146,584,130 -------------- SHARES --------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% 2,267,242 2,267,242 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,092,440,324)^^ $4,148,851,372 ============== DFA INFLATION-PROTECTED SECURITIES PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- -------------- ------- -------------- U.S. Treasury Obligations -- $4,146,584,130 -- $4,146,584,130 Temporary Cash Investments $2,267,242 -- -- 2,267,242 ---------- -------------- -- -------------- TOTAL $2,267,242 $4,146,584,130 -- $4,148,851,372 ========== ============== == ============== DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------- ----------- MUNICIPAL BONDS -- (100.0%) ALABAMA -- (0.8%) Alabama State (GO) Series A 5.000%, 08/01/19 $ 4,500 $ 4,856,445 5.000%, 08/01/20 5,495 6,126,266 5.000%, 08/01/21 1,450 1,664,281 5.000%, 08/01/21 6,030 6,921,113 ----------- TOTAL ALABAMA 19,568,105 ----------- ALASKA -- (0.8%) Alaska State (GO) Series B 5.000%, 08/01/20 3,920 4,348,260 City of Anchorage (GO) (TAN) 2.000%, 09/15/17 15,000 15,021,150 ----------- TOTAL ALASKA 19,369,410 ----------- ARIZONA -- (1.3%) Arizona State Transportation Board (RB) 5.000%, 07/01/18 5,050 5,240,688 5.000%, 07/01/20 5,000 5,567,800 City of Phoenix (GO) 4.000%, 07/01/20 1,085 1,176,194 4.000%, 07/01/21 5,970 6,616,432 Madison Elementary School District No. 38 (GO) Series A 2.000%, 07/01/20 1,400 1,437,212 Maricopa County Community College District (GO) 4.000%, 07/01/18 2,210 2,273,648 3.000%, 07/01/20 6,505 6,860,043 Maricopa County School District No. 3 Tempe Elementary (GO) 3.000%, 07/01/21 1,410 1,503,328 ----------- TOTAL ARIZONA 30,675,345 ----------- ARKANSAS -- (1.5%) Arkansas State (GO) 5.000%, 04/01/18 6,890 7,076,650 5.000%, 04/01/19 7,240 7,714,582 5.000%, 04/01/21 4,300 4,903,419 5.000%, 04/01/21 6,495 7,406,443 5.000%, 06/15/21 8,730 10,015,318 ----------- TOTAL ARKANSAS 37,116,412 ----------- CALIFORNIA -- (2.0%) California State (GO) 5.000%, 04/01/19 1,000 1,067,950 5.000%, 10/01/21 2,215 2,562,445 California State (GO) Series B 5.000%, 09/01/18 7,000 7,315,630 FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) City of Los Angeles (RN) 5.000%, 06/28/18 $ 2,800 $ 2,905,980 Riverside County (RN) 2.000%, 06/29/18 32,300 32,664,990 Sequoia Union High School District (RAN) 3.000%, 06/29/18 2,385 2,431,531 ----------- TOTAL CALIFORNIA 48,948,526 ----------- COLORADO -- (0.9%) Board of Water Commissioners City & County of Denver (The) (RB) Series B 5.000%, 09/15/19 2,060 2,233,946 City & County of Denver (GO) Series A 5.000%, 08/01/17 3,110 3,110,000 5.000%, 08/01/18 7,745 8,061,848 5.000%, 08/01/20 4,920 5,491,409 Denver City & County School District No. 1 (GO) Series B (ETM) (ST AID WITHHLDG) 4.000%, 12/01/18 140 145,638 Denver City & County School District No. 1 (GO) Series B (ST AID WITHHLDG) 4.000%, 12/01/18 1,045 1,087,511 Weld County School District No. RE- 4 (GO) (ST INTERCEPT) 4.000%, 12/01/22 1,000 1,134,120 ----------- TOTAL COLORADO 21,264,472 ----------- CONNECTICUT -- (2.1%) City of Middletown (GO) 5.000%, 04/01/21 1,905 2,163,509 Connecticut State (GO) Series A 5.000%, 10/15/19 5,350 5,743,974 Connecticut State (GO) Series B (AMBAC) 5.250%, 06/01/18 15,310 15,831,918 Connecticut State (GO) Series C 5.000%, 06/01/18 9,980 10,299,659 Connecticut State (GO) Series F 4.000%, 11/15/17 6,065 6,117,462 Connecticut State Special Tax Revenue (RB) 5.000%, 01/01/19 11,000 11,587,840 ----------- TOTAL CONNECTICUT 51,744,362 ----------- DELAWARE -- (1.0%) Delaware State (GO) 5.000%, 07/01/19 5,000 5,382,550 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- DELAWARE -- (Continued) Delaware State (GO) Series 2009C 5.000%, 10/01/17 $ 1,535 $ 1,545,392 Delaware State (GO) Series A 4.000%, 08/01/17 5,100 5,100,000 5.000%, 08/01/19 5,745 6,204,772 Delaware State (GO) Series C 5.000%, 03/01/18 5,265 5,391,255 ----------- TOTAL DELAWARE 23,623,969 ----------- DISTRICT OF COLUMBIA -- (0.2%) District of Columbia (GO) Series A 5.000%, 06/01/20 2,320 2,574,643 District of Columbia (GO) Series B (AGM) 5.250%, 06/01/18 2,265 2,347,016 ----------- TOTAL DISTRICT OF COLUMBIA 4,921,659 ----------- FLORIDA -- (2.1%) Florida State Board of Education (GO) Series A 5.000%, 06/01/18 4,000 4,136,920 5.000%, 06/01/19 19,310 20,727,161 5.000%, 06/01/19 10,100 10,841,239 5.000%, 06/01/20 2,850 3,160,279 5.000%, 01/01/21 2,340 2,643,007 Florida State Board of Education (GO) Series B 5.000%, 06/01/19 3,500 3,756,865 5.000%, 06/01/20 1,000 1,108,870 Orange County Water Utility System Revenue (RB) 5.000%, 10/01/21 2,500 2,880,025 Tampa Bay Water (RB) (currency) 5.000%, 10/01/25 (Pre-refunded @ $100, 10/1/20) 2,160 2,416,673 ----------- TOTAL FLORIDA 51,671,039 ----------- GEORGIA -- (5.4%) Cobb County (GO) 5.000%, 01/01/21 3,710 4,197,086 5.000%, 01/01/22 500 582,325 Cobb County (TAN) 2.000%, 11/30/17 10,000 10,038,200 De Kalb County School District (GO) (ST AID WITHHLDG) 4.000%, 11/01/17 10,775 10,858,614 DeKalb County (TAN) 3.000%, 12/19/17 35,330 35,622,886 Georgia State (GO) Series A 5.000%, 07/01/19 7,350 7,913,819 FACE AMOUNT (000) VALUE+ ------- ------------ GEORGIA -- (Continued) Georgia State (GO) Series A-1 5.000%, 02/01/19 $ 8,000 $ 8,485,840 5.000%, 02/01/20 4,210 4,621,654 Georgia State (GO) Series C 5.000%, 07/01/19 2,000 2,153,420 Georgia State (GO) Series D 5.000%, 02/01/19 7,970 8,454,018 Georgia State (GO) Series E-1 4.500%, 07/01/19 6,890 7,353,421 Georgia State (GO) Series I 5.000%, 07/01/19 20,475 22,045,637 Georgia State Road & Tollway Authority (RB) Series B (ST GTD) 5.000%, 10/01/17 8,510 8,567,442 ------------ TOTAL GEORGIA 130,894,362 ------------ HAWAII -- (1.9%) City & County of Honolulu (GO) Series B 5.000%, 11/01/19 8,000 8,708,320 Hawaii State (GO) Series DR 5.000%, 06/01/19 9,725 10,438,718 Hawaii State (GO) Series EE 5.000%, 11/01/18 11,495 12,078,256 Hawaii State (GO) Series EF 5.000%, 11/01/21 5,500 6,367,185 Hawaii State (GO) Series EO 5.000%, 08/01/22 6,000 7,079,700 Maui County (GO) 5.000%, 06/01/18 500 517,030 ------------ TOTAL HAWAII 45,189,209 ------------ ILLINOIS -- (0.3%) Central Lake County Joint Action Water Agency (RB) 4.000%, 05/01/18 4,700 4,803,917 Central Lake County Joint Action Water Agency (RB) (ETM) 4.000%, 05/01/18 1,495 1,528,847 ------------ TOTAL ILLINOIS 6,332,764 ------------ IOWA -- (0.4%) Iowa Finance Authority (RB) (currency) 5.000%, 08/01/20 (Pre-refunded @ $100, 8/1/19) 2,535 2,734,733 (currency) 5.000%, 08/01/21 (Pre-refunded @ $100, 8/1/19) 1,560 1,682,912 State of Iowa (RB) Series A (ETM) 5.000%, 06/01/18 4,785 4,948,408 ------------ TOTAL IOWA 9,366,053 ------------ DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- KANSAS -- (0.8%) City of Wichita (GO) Series A 5.000%, 12/01/19 $ 3,960 $ 4,321,588 Johnson County Unified School District No. 229 Blue Valley (GO) Series A 5.000%, 10/01/17 5,635 5,673,036 Kansas State Department of Transportation (RB) Series A 5.000%, 09/01/17 4,000 4,013,120 Kansas State Department of Transportation (RB) Series C 5.000%, 09/01/19 4,975 5,387,477 Sedgwick County Unified School District No. 266 Maize (GO) Series A 2.000%, 09/01/18 1,000 1,010,470 ----------- TOTAL KANSAS 20,405,691 ----------- KENTUCKY -- (0.9%) Kentucky State Economic Development Finance Authority (RB) Series A (currency) 5.000%, 05/01/24 (Pre-refunded @ $100, 5/1/19) 1,000 1,069,530 Louisville & Jefferson County (RB) (currency) 5.000%, 12/01/35 (Pre-refunded @ $100, 6/1/22) 1,675 1,967,505 Louisville & Jefferson County Metropolitan Sewer District (RB) Series B 5.000%, 05/15/18 13,245 13,670,959 Louisville/Jefferson County Metropolitan Government (GO) Series A 5.000%, 12/01/19 4,095 4,469,898 ----------- TOTAL KENTUCKY 21,177,892 ----------- LOUISIANA -- (0.3%) Louisiana State (GO) Series A 5.000%, 02/01/18 2,000 2,040,160 Louisiana State (GO) Series C 5.000%, 08/01/21 5,000 5,694,800 ----------- TOTAL LOUISIANA 7,734,960 ----------- MARYLAND -- (6.7%) Anne Arundel County (GO) 3.000%, 10/01/19 3,900 4,068,870 5.000%, 10/01/20 1,790 2,008,649 5.000%, 04/01/21 12,740 14,517,994 Baltimore County (GO) 5.000%, 08/01/18 2,450 2,550,964 Baltimore County (GO) Series B 5.000%, 08/01/17 6,550 6,550,000 FACE AMOUNT (000) VALUE+ ------- ------------ MARYLAND -- (Continued) 5.000%, 08/01/18 $ 5,000 $ 5,206,050 Charles County (GO) 5.000%, 03/01/19 2,450 2,607,388 Maryland State (GO) Series A 5.000%, 08/01/19 20,000 21,596,600 Maryland State (GO) Series B 5.000%, 03/01/19 6,300 6,705,783 5.000%, 08/01/19 11,500 12,418,045 Maryland State (GO) Series C 5.000%, 11/01/18 9,335 9,813,419 5.000%, 08/01/19 2,000 2,159,660 5.000%, 11/01/19 2,000 2,178,960 5.000%, 08/01/20 7,705 8,604,713 Montgomery County (GO) Series B 5.000%, 12/01/21 4,000 4,646,440 Prince George's County (GO) Series B 5.000%, 09/15/18 16,190 16,935,064 4.000%, 03/01/19 9,575 10,040,441 4.000%, 03/01/20 9,780 10,514,380 Prince George's County (GO) Series C 5.000%, 08/01/18 10,075 10,492,306 Talbot County (GO) 2.000%, 12/15/21 1,330 1,368,823 Washington Suburban Sanitary Commission (GO) 5.000%, 06/01/18 2,350 2,430,440 Washington Suburban Sanitary Commission (GO) Series A 4.000%, 06/01/18 5,000 5,130,000 ------------ TOTAL MARYLAND 162,544,989 ------------ MASSACHUSETTS -- (6.3%) City of Boston (GO) Series A 5.000%, 03/01/18 3,960 4,055,872 City of Somerville (BAN) 2.000%, 06/08/18 11,642 11,747,127 City of Springfield (GO) (ST AID WITHHLDG) 5.000%, 09/01/21 4,240 4,871,972 Commonwealth of Massachusetts (GO) Series A 5.000%, 05/01/21 10,000 11,402,900 Commonwealth of Massachusetts (GO) Series B 5.000%, 08/01/18 3,750 3,904,537 Commonwealth of Massachusetts (GO) Series B (AGM) 5.250%, 09/01/21 2,405 2,792,518 Commonwealth of Massachusetts (GO) Series C 5.000%, 04/01/20 2,700 2,979,882 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ------------ MASSACHUSETTS -- (Continued) 5.000%, 08/01/20 $ 8,500 $ 9,479,200 5.000%, 10/01/21 8,000 9,230,160 Commonwealth of Massachusetts (GO) Series D (AMBAC) 5.500%, 10/01/19 4,220 4,626,850 Commonwealth of Massachusetts (GO) Series E 5.000%, 12/01/17 15,000 15,206,100 Massachusetts Bay Transportation Authority (RB) Series A 5.250%, 07/01/19 3,115 3,369,900 Massachusetts Clean Water Trust (The) (RB) 5.000%, 08/01/20 5,830 6,505,289 Massachusetts Development Finance Agency (RB) (currency) 5.750%, 07/01/39 (Pre-refunded @ $100, 7/1/19) 9,990 10,887,901 Massachusetts Health & Educational Facilities Authority (RB) Series E-2 (currency) 5.375%, 07/01/22 (Pre-refunded @ $100, 7/1/18) 12,500 13,006,375 Massachusetts School Building Authority (RB) Series B 5.000%, 08/15/17 4,790 4,796,850 Massachusetts Water Resources Authority (RB) Series J (AGM) (GO OF AUTH) 5.250%, 08/01/18 18,000 18,780,840 Town of Lexington (BAN) 2.000%, 02/16/18 14,800 14,887,616 ------------ TOTAL MASSACHUSETTS 152,531,889 ------------ MICHIGAN -- (1.9%) Michigan Finance Authority (RB) Series A 5.000%, 07/01/18 25,260 26,216,344 Michigan State (GO) 5.000%, 11/01/19 13,000 14,148,030 Michigan State Building Authority (RB) (currency) 6.000%, 10/15/38 (Pre-refunded @ $100, 10/15/18) 2,740 2,903,989 Michigan State Trunk Line Revenue (RB) 5.000%, 11/15/18 3,600 3,788,820 ------------ TOTAL MICHIGAN 47,057,183 ------------ FACE AMOUNT (000) VALUE+ ------- ----------- MINNESOTA -- (3.9%) Bloomington Independent School District No. 271 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21 $ 1,290 $ 1,458,216 City of Minneapolis (GO) 2.000%, 12/01/18 5,085 5,158,631 City of Rochester (GO) Series A 5.000%, 02/01/18 2,590 2,643,950 City of State Louis Park (RB) Series C (ETM) 5.500%, 07/01/18 4,140 4,310,444 Elk River Independent School District No. 728 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21 1,000 1,132,230 Elk River Independent School District No. 728 (GO) Series C (SD CRED PROG) 5.000%, 02/01/20 5,000 5,486,300 5.000%, 02/01/21 2,000 2,264,460 Hennepin County (GO) Series B 5.000%, 12/01/21 650 756,541 Lakeville Independent School District No. 194 (GO) Series D (SD CRED PROG) 5.000%, 02/01/19 4,425 4,690,987 Minnesota State (GO) 5.000%, 08/01/17 9,175 9,175,000 Minnesota State (GO) Series A 5.000%, 08/01/17 13,665 13,665,000 Minnesota State (GO) Series B 5.000%, 08/01/19 4,000 4,319,320 4.000%, 08/01/20 8,800 9,560,584 Minnesota State (GO) Series D 5.000%, 08/01/20 750 836,872 5.000%, 08/01/21 7,230 8,313,705 Minnesota State (GO) Series E 2.000%, 08/01/19 725 740,007 Minnesota State (GO) Series F 5.000%, 10/01/17 9,000 9,061,650 5.000%, 10/01/18 650 681,096 Owatonna Independent School District No. 761 (GO) Series A (SD CRED PROG) 2.000%, 02/01/18 2,855 2,872,016 University of Minnesota (RB) Series A (GO OF UNIV) 5.000%, 12/01/17 6,040 6,123,594 ----------- TOTAL MINNESOTA 93,250,603 ----------- MISSISSIPPI -- (0.1%) Mississippi State (GO) Series C 5.000%, 10/01/18 2,800 2,932,608 ----------- DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- MISSOURI -- (0.8%) Jackson County Reorganized School District No. 7 (GO) 3.000%, 03/01/21 $ 2,375 $ 2,525,124 Missouri State (GO) Series A 4.000%, 10/01/17 11,850 11,911,738 5.000%, 12/01/20 4,515 5,093,507 ----------- TOTAL MISSOURI 19,530,369 ----------- NEBRASKA -- (0.3%) Lancaster County School District 001 (GO) 5.000%, 01/15/21 1,620 1,832,706 Metropolitan Utilities District of Omaha (RB) 5.000%, 12/01/20 4,340 4,877,856 ----------- TOTAL NEBRASKA 6,710,562 ----------- NEVADA -- (0.7%) City of Henderson NV (GO) 5.000%, 06/01/19 5,295 5,677,564 Clark County School District (GO) Series A 5.000%, 06/15/19 1,000 1,072,040 Clark County School District (GO) Series C (currency) 5.000%, 06/15/26 (Pre-refunded @ $100, 12/15/17) 4,750 4,821,962 Nevada State (RB) 5.000%, 12/01/17 3,600 3,649,968 Washoe County School District (GO) Series A 3.000%, 06/01/19 1,125 1,165,849 ----------- TOTAL NEVADA 16,387,383 ----------- NEW HAMPSHIRE -- (0.2%) City of Nashua (GO) 4.000%, 07/15/21 1,720 1,899,637 City of Portsmouth (BAN) 3.000%, 06/22/18 2,705 2,754,691 ----------- TOTAL NEW HAMPSHIRE 4,654,328 ----------- NEW JERSEY -- (0.4%) Monmouth County (GO) 5.000%, 07/15/20 4,540 5,056,743 5.000%, 07/15/21 3,770 4,321,023 ----------- TOTAL NEW JERSEY 9,377,766 ----------- NEW MEXICO -- (1.2%) City of Albuquerque (GO) Series A 5.000%, 07/01/18 4,775 4,953,967 FACE AMOUNT (000) VALUE+ ------- ----------- NEW MEXICO -- (Continued) New Mexico State (GO) 5.000%, 03/01/19 $ 1,500 $ 1,595,385 5.000%, 03/01/21 4,000 4,542,760 New Mexico State Severance Tax Permanent Fund (RB) Series A 5.000%, 07/01/19 6,500 6,994,780 New Mexico State Severance Tax Permanent Fund (RB) Series A-2 5.000%, 07/01/18 10,000 10,373,900 ----------- TOTAL NEW MEXICO 28,460,792 ----------- NEW YORK -- (8.0%) Albany Industrial Development Agency (RB) Series A (currency) 5.750%, 11/15/22 (Pre-refunded @ $100, 11/15/17) 200 202,752 Amherst Central School District (GO) (ST AID WITHHLDG) 3.000%, 06/15/18 135 137,535 Brewster Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/01/19 1,160 1,183,734 City of New York (GO) 5.000%, 08/01/17 785 785,000 City of New York (GO) (ETM) 5.000%, 08/01/17 90 90,000 City of New York (GO) Series A 5.000%, 08/01/17 3,780 3,780,000 City of New York (GO) Series B 5.000%, 08/01/17 4,360 4,360,000 5.000%, 08/01/17 1,100 1,100,000 City of New York (GO) Series C 5.000%, 08/01/18 6,265 6,519,359 City of New York (GO) Series E 5.000%, 08/01/21 1,500 1,720,395 City of New York (GO) Series F 5.000%, 08/01/21 1,000 1,146,930 City of New York (GO) Series G 5.000%, 08/01/17 1,250 1,250,000 5.000%, 08/01/18 8,000 8,324,800 5.000%, 08/01/19 15,310 16,513,213 5.000%, 08/01/21 5,915 6,784,091 City of New York (GO) Series H-A 5.000%, 03/01/19 10,105 10,742,626 City of New York (GO) Series J7 5.000%, 08/01/20 5,000 5,569,700 City of Rochester (BAN) Series 3 2.500%, 08/02/18 17,550 17,826,412 County of Columbia (GO) Series A (AGM) 2.000%, 02/01/19 500 507,695 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- NEW YORK -- (Continued) Hilton Central School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/21 $ 685 $ 705,118 Metropolitan Transportation Authority (RB) Series A 5.000%, 11/15/21 600 693,546 New York State (GO) Series A 4.000%, 03/01/18 400 407,456 5.000%, 03/15/18 1,565 1,605,737 New York State Dormitory Authority (RB) Series 2015B-A 5.000%, 03/15/18 8,750 8,977,150 New York State Dormitory Authority (RB) Series A 5.000%, 02/15/18 11,440 11,697,629 5.000%, 03/15/21 1,795 2,041,848 5.000%, 12/15/21 3,545 4,114,717 (currency) 5.500%, 07/01/25 (Pre-refunded @ $100, 7/1/20) 500 562,700 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/20 15,000 16,493,250 5.000%, 02/15/22 4,000 4,662,920 (currency) 5.000%, 07/01/38 (Pre-refunded @ $100, 7/1/18) 5,600 5,809,384 New York State Dormitory Authority (RB) Series B (AGC) (currency) 5.000%, 07/01/23 (Pre-refunded @ $100, 7/1/18) 550 570,565 New York State Dormitory Authority (RB) Series C 5.000%, 03/15/19 700 746,186 New York State Dormitory Authority (RB) Series E 5.000%, 03/15/20 500 551,250 5.000%, 03/15/21 2,000 2,272,740 New York State Thruway Authority (RB) Series B (currency) 5.000%, 04/01/27 (Pre-refunded @ $100, 10/1/17) 1,000 1,006,720 New York State Urban Development Corp. (RB) 5.000%, 03/15/18 4,500 4,616,820 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/20 550 606,375 New York State Urban Development Corp. (RB) Series C 5.000%, 12/15/17 5,765 5,854,703 5.000%, 12/15/18 250 264,135 Town of Brookhaven (GO) Series A 3.000%, 02/01/19 5,080 5,235,702 FACE AMOUNT (000) VALUE+ ------- ------------ NEW YORK -- (Continued) Town of Hempstead (GO) Series B 5.000%, 02/01/18 $ 9,915 $ 10,116,572 Triborough Bridge & Tunnel Authority (RB) Series A-1 5.000%, 11/15/19 500 545,270 Triborough Bridge & Tunnel Authority (RB) Series B 5.000%, 11/15/17 2,800 2,833,572 4.000%, 11/15/18 11,860 12,338,788 Union Free School District Of The Tarrytowns (GO) Series A (ST AID WITHHLDG) 5.000%, 01/15/18 150 152,858 ------------ TOTAL NEW YORK 194,027,953 ------------ NORTH CAROLINA -- (3.3%) City of Charlotte Water & Sewer System Revenue (RB) 5.000%, 07/01/19 10,555 11,354,225 Davie County (GO) 5.000%, 05/01/20 1,595 1,761,773 North Carolina Medical Care Commission (RB) Series D (currency) 6.250%, 12/01/33 (Pre-refunded @ $100, 12/1/18) 15,455 16,535,150 North Carolina State (GO) Series A 5.000%, 03/01/19 5,000 5,315,500 North Carolina State (GO) Series B 5.000%, 06/01/18 29,730 30,747,658 Onslow County (GO) 4.000%, 12/01/17 525 530,533 Wake County (GO) 5.000%, 03/01/19 7,225 7,680,897 Wake County (GO) Series B 5.000%, 05/01/18 4,625 4,767,774 ------------ TOTAL NORTH CAROLINA 78,693,510 ------------ OHIO -- (4.2%) City of Columbus (GO) Series 1 5.000%, 07/01/20 10,000 11,126,400 City of Columbus (GO) Series A 5.000%, 02/15/19 10,000 10,621,300 3.000%, 07/01/21 12,830 13,719,889 Ohio State (GO) Series A 3.000%, 05/01/20 5,000 5,263,050 5.000%, 05/01/20 7,000 7,745,990 5.000%, 09/15/21 2,335 2,692,348 Ohio State (GO) Series B 5.000%, 08/01/19 7,270 7,845,857 5.000%, 09/01/19 4,215 4,562,611 5.000%, 08/01/20 10,000 11,152,000 2.000%, 09/01/20 2,500 2,569,425 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ------------ OHIO -- (Continued) 5.000%, 06/15/21 $ 9,500 $ 10,875,410 Ohio State (GO) Series C 5.000%, 08/01/17 2,475 2,475,000 5.000%, 09/15/18 1,300 1,359,228 Ohio State (GO) Series R 5.000%, 05/01/20 5,080 5,621,376 Ohio State (GO) Series T 5.000%, 04/01/21 2,040 2,321,540 Ohio State Water Development Authority (RB) Series A 5.000%, 06/01/21 1,825 2,087,344 ------------ TOTAL OHIO 102,038,768 ------------ OKLAHOMA -- (0.5%) Tulsa County Independent School District No. 1 Tulsa (GO) Series B 2.000%, 08/01/17 5,800 5,800,000 Tulsa County Independent School District No. 1 Tulsa (GO) Series C 1.500%, 07/01/18 6,970 7,005,965 ------------ TOTAL OKLAHOMA 12,805,965 ------------ OREGON -- (0.7%) Multnomah County (GO) 5.000%, 08/01/19 4,580 4,940,858 Oregon State (GO) Series F 3.000%, 05/01/20 6,585 6,935,059 Oregon State (GO) Series L 5.000%, 11/01/19 4,510 4,912,472 ------------ TOTAL OREGON 16,788,389 ------------ PENNSYLVANIA -- (3.5%) Commonwealth of Pennsylvania (GO) 5.000%, 07/01/18 3,755 3,893,297 Commonwealth of Pennsylvania (GO) Series 1 5.000%, 11/15/18 10,645 11,192,046 5.000%, 07/01/19 7,655 8,228,589 5.000%, 04/01/20 8,500 9,329,260 Commonwealth of Pennsylvania (GO) Series 2 5.000%, 10/15/19 2,250 2,440,687 Commonwealth of Pennsylvania (GO) Series A 5.000%, 02/15/19 5,010 5,314,959 Council Rock School District (GO) Series C (ST AID WITHHLDG) 5.000%, 11/15/17 5,285 5,345,355 FACE AMOUNT (000) VALUE+ ------- ----------- PENNSYLVANIA -- (Continued) Montgomery County Industrial Development Authority (RB) (FHA INS) (currency) 5.375%, 08/01/38 (Pre-refunded @ $100, 8/1/20) $10,000 $11,255,900 Pennsylvania Economic Development Financing Authority (RB) Series A 5.000%, 07/01/19 14,735 15,874,163 Pennsylvania Higher Educational Facilities Authority (RB) Series A (NATL) (currency) 5.000%, 05/01/37 (Pre-refunded @ $100, 11/1/17) 8,600 8,686,860 University of Pittsburgh-of the Commonwealth System of Higher Education (RB) Series B (currency) 5.250%, 09/15/34 (Pre-refunded @ $100, 9/15/19) 3,330 3,625,637 ----------- TOTAL PENNSYLVANIA 85,186,753 ----------- RHODE ISLAND -- (0.3%) Rhode Island State (GO) Series A 4.000%, 08/01/17 2,065 2,065,000 5.000%, 08/01/19 4,700 5,063,545 ----------- TOTAL RHODE ISLAND 7,128,545 ----------- SOUTH CAROLINA -- (3.8%) Aiken County Consolidated School District (GO) Series A (SCSDE) 5.000%, 03/01/20 3,000 3,296,520 Charleston County School District (BAN) Series A (SCSDE) 2.000%, 11/16/17 11,910 11,950,018 Charleston County School District (GO) Series A (SCSDE) 5.000%, 02/01/19 7,595 8,045,687 Darlington County School District (GO) (SCSDE) 3.000%, 03/01/19 3,000 3,095,580 Dorchester County School District No. 2 (GO) Series A (SCSDE) 5.000%, 03/01/21 1,885 2,133,688 Florence County (GO) (ST AID WITHHLDG) 4.000%, 06/01/19 15,000 15,824,100 4.000%, 06/01/20 2,475 2,668,520 Florence School District One (GO) (SCSDE) 5.000%, 03/01/19 3,730 3,964,766 Lexington & Richland School District No. 5 (GO) Series B (SCSDE) 5.000%, 03/01/21 1,660 1,879,004 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- SOUTH CAROLINA -- (Continued) Richland County School District No. 2 (GO) (SCSDE) 5.000%, 03/01/20 $ 910 $ 999,217 Richland County School District No. 2 (GO) Series A (SCSDE) 5.000%, 02/01/20 5,520 6,045,394 5.000%, 02/01/21 7,000 7,905,100 Richland County School District No. 2 (GO) Series C (SCSDE) 5.000%, 02/01/19 5,740 6,083,252 South Carolina State (GO) Series A 5.000%, 06/01/20 8,945 9,929,397 Sumter County School District (TAN) 3.000%, 04/11/18 6,725 6,823,790 ----------- TOTAL SOUTH CAROLINA 90,644,033 ----------- TENNESSEE -- (2.9%) City of Chattanooga (GO) Series A 4.000%, 09/01/18 9,160 9,465,852 City of Memphis (GO) (NATL-RE) 5.250%, 10/01/18 4,000 4,195,720 City of Memphis (GO) Series A 5.000%, 04/01/21 4,550 5,158,654 City of Memphis (GO) Series D 5.000%, 07/01/19 4,180 4,489,069 Hamilton County (GO) Series A 5.000%, 05/01/21 3,895 4,449,142 Metropolitan Government of Nashville & Davidson County (GO) 5.000%, 07/01/21 9,055 10,354,574 (currency) 5.000%, 01/01/27 (Pre-refunded @ $100, 1/1/18) 4,300 4,372,842 Metropolitan Government of Nashville & Davidson County (GO) Series A (currency) 5.000%, 07/01/25 (Pre-refunded @ $100, 7/1/20) 525 582,860 Metropolitan Government of Nashville & Davidson County (RB) Series E (ETM) 4.000%, 10/01/17 1,500 1,507,605 Metropolitan Government of Nashville & Davidson County Electric Revenue (RB) Series A 5.000%, 05/15/20 2,000 2,216,700 Shelby County (GO) Series A 5.000%, 04/01/20 18,135 20,004,718 5.000%, 03/01/21 2,550 2,894,097 ----------- TOTAL TENNESSEE 69,691,833 ----------- FACE AMOUNT (000) VALUE+ ------- ----------- TEXAS -- (11.1%) Austin Independent School District (GO) (currency) 4.500%, 08/01/25 (Pre-refunded @ $100, 8/1/19) $ 3,340 $ 3,573,700 City of Allen (GO) 5.000%, 08/15/21 1,840 2,107,444 City of Dallas (GO) 5.000%, 02/15/19 8,400 8,875,524 5.000%, 02/15/21 1,500 1,682,205 City of El Paso (GO) 3.000%, 08/15/17 500 500,375 City of Fort Worth Water & Sewer System (RB) 5.000%, 02/15/18 10,690 10,923,256 5.000%, 02/15/19 830 880,788 City of Frisco (GO) Series A 5.000%, 02/15/21 4,825 5,439,560 City of Houston (GO) (currency) 5.000%, 03/01/26 (Pre-refunded @ $100, 3/1/19) 3,405 3,617,097 City of Houston (GO) Series A 4.000%, 03/01/18 2,000 2,036,460 City of Houston (RAN) 4.000%, 06/29/18 43,000 44,225,930 City of Houston Combined Utility System Revenue (RB) (ASSURED GTY) (currency) 5.375%, 11/15/38 (Pre-refunded @ $100, 5/15/19) 25,155 27,085,646 City of San Antonio (GO) 5.000%, 02/01/20 7,350 8,061,039 City of San Antonio Electric & Gas Systems Revenue (RB) Series A (currency) 5.000%, 02/01/34 (Pre-refunded @ $100, 2/1/19) 4,750 5,034,810 City of San Antonio Electric & Gas Systems Revenue (RB) Series D 5.000%, 02/01/19 700 742,182 City of Waco (GO) 5.000%, 02/01/20 5,765 6,321,207 Comal Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/01/18 3,990 4,072,513 Conroe Independent School District (GO) Series A (PSF-GTD) 4.000%, 02/15/21 1,940 2,128,064 Dallas Independent School District (GO) (PSF-GTD) 5.250%, 02/15/18 2,000 2,047,260 Harris County (GO) Series A 5.000%, 10/01/19 5,640 6,109,643 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- TEXAS -- (Continued) Houston Higher Education Finance Corp. (RB) Series A (currency) 6.875%, 05/15/41 (Pre-refunded @ $100, 5/15/21) $ 6,000 $ 7,253,100 Humble Independent School District (GO) Series B (PSF-GTD) 5.000%, 02/15/20 4,000 4,388,680 Longview Independent School District (GO) (PSF-GTD) (currency) 4.750%, 02/15/36 (Pre-refunded @ $100, 8/15/18) 14,815 15,390,859 Mesquite Independent School District (GO) Series B (PSF-GTD) 5.000%, 08/15/17 1,000 1,001,440 North East Independent School District (GO) (PSF-GTD) 5.000%, 08/01/18 10,125 10,541,239 Northside Independent School District (GO) (PSF-GTD) 5.000%, 02/15/18 1,250 1,277,875 Permanent University Fund (RB) 5.000%, 07/01/18 12,585 13,055,553 San Antonio Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20 2,500 2,744,250 Southwest Higher Education Authority Inc (RB) (currency) 5.000%, 10/01/23 (Pre-refunded @ $100, 10/1/19) 2,740 2,973,092 Texas State (GO) 5.000%, 04/01/19 4,350 4,640,363 5.000%, 10/01/20 3,825 4,285,874 5.000%, 10/01/23 1,425 1,719,305 (currency) 5.000%, 04/01/29 (Pre-refunded @ $100, 4/1/18) 7,905 8,121,755 Texas State (GO) Series A 5.000%, 10/01/21 2,200 2,537,326 Texas Tech University (RB) Series A 5.000%, 08/15/19 3,025 3,264,762 Texas Transportation Commission State Highway Fund (RB) Series A 5.000%, 04/01/18 5,000 5,135,750 5.000%, 04/01/19 5,110 5,450,224 5.000%, 10/01/19 4,000 4,340,280 5.000%, 10/01/20 12,500 14,010,250 University of Texas System (The) (RB) Series A 5.250%, 08/15/18 750 783,795 FACE AMOUNT (000) VALUE+ ------- ------------ TEXAS -- (Continued) University of Texas System (The) (RB) Series C 5.000%, 08/15/19 $ 7,975 $ 8,620,496 ------------ TOTAL TEXAS 267,000,971 ------------ UTAH -- (1.8%) Alpine School District (GO) (SCH BD GTY) 5.000%, 03/15/21 940 1,069,983 Jordan School District (GO) (SCH BD GTY) 5.000%, 06/15/19 16,420 17,640,991 Utah State (GO) 5.000%, 07/01/22 9,690 11,430,809 Utah State (GO) Series C 5.000%, 07/01/18 3,150 3,269,826 4.500%, 07/01/19 6,675 7,122,692 Washington County School District Board of Education/St George (GO) (SCH BD GTY) 5.000%, 03/01/18 2,000 2,048,200 ------------ TOTAL UTAH 42,582,501 ------------ VERMONT -- (--%) Vermont State (GO) Series F 5.000%, 08/15/17 625 625,881 ------------ VIRGINIA -- (7.2%) Arlington County (GO) (ST AID WITHHLDG) 4.000%, 08/15/21 2,125 2,361,236 Chesterfield County (GO) Series A 5.000%, 01/01/19 3,575 3,780,562 City of Hampton (GO) Series B (ST AID WITHHLDG) 5.000%, 09/01/21 2,700 3,104,757 City of Norfolk (GO) Series C (ST AID WITHHLDG) 5.000%, 10/01/19 2,500 2,710,975 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/20 1,000 1,099,380 City of Virginia Beach (GO) Series A 4.000%, 08/01/17 145 145,000 Commonwealth of Virginia (GO) Series B 5.000%, 06/01/19 10,250 11,004,195 5.000%, 06/01/19 5,705 6,124,774 Fairfax County (GO) Series A (ST AID WITHHLDG) 3.000%, 10/01/18 2,855 2,926,090 4.000%, 10/01/18 5,380 5,575,993 4.000%, 10/01/19 12,300 13,097,778 DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ------------ VIRGINIA -- (Continued) 4.000%, 10/01/20 $15,530 $ 16,945,559 Fairfax County (GO) Series B (ST AID WITHHLDG) 5.000%, 10/01/18 10,000 10,479,600 4.000%, 04/01/19 7,000 7,355,740 Henrico County (GO) 5.000%, 07/15/19 5,460 5,887,300 Loudoun County (GO) Series A 4.000%, 12/01/17 3,555 3,592,470 University of Virginia (RB) Series B 5.000%, 08/01/21 15,000 17,267,250 Virginia Public Building Authority (RB) Series A 5.000%, 08/01/18 8,370 8,713,254 Virginia Public School Authority (RB) Series A (ST AID WITHHLDG) 4.000%, 08/01/17 6,465 6,465,000 Virginia Public School Authority (RB) Series B (ST AID WITHHLDG) 5.000%, 08/01/19 15,580 16,814,092 Virginia Resources Authority (RB) (currency) 5.000%, 10/01/22 (Pre-refunded @ $100, 10/1/18) 7,935 8,312,706 (currency) 5.000%, 10/01/27 (Pre-refunded @ $100, 10/1/18) 4,940 5,175,144 (currency) 5.000%, 10/01/28 (Pre-refunded @ $100, 10/1/18) 6,230 6,526,548 Virginia Resources Authority (RB) Series B 4.000%, 10/01/19 4,875 5,190,071 Virginia State Public School Authority (RB) (ST AID WITHHLDG) 5.000%, 07/15/19 4,080 4,399,301 ------------ TOTAL VIRGINIA 175,054,775 ------------ WASHINGTON -- (3.9%) Central Puget Sound Regional Transit Authority (RB) Series P-1 5.000%, 02/01/18 3,000 3,061,890 City of Seattle (GO) 5.000%, 12/01/17 4,050 4,106,740 City of Seattle Drainage & Wastewater Revenue (RB) 5.000%, 04/01/21 3,000 3,418,680 City of Seattle Water System Revenue (RB) 5.000%, 09/01/19 3,890 4,212,520 King County School District No. 405 Bellevue (GO) (SCH BD GTY) 5.000%, 12/01/18 1,240 1,306,935 FACE AMOUNT (000) VALUE+ ------ ----------- WASHINGTON -- (Continued) King County School District No. 405 Bellevue (GO) Series A (SCH BD GTY) 5.000%, 12/01/18 $ 400 $ 421,592 King County Sewer Revenue (RB) 5.000%, 01/01/18 4,670 4,749,904 Snohomish County Public Utility District No. 1 (RB) 5.000%, 12/01/18 3,190 3,358,719 5.000%, 12/01/19 5,810 6,327,845 Snohomish County School District No. 201 Snohomish (GO) (SCH BD GTY) 5.000%, 12/01/21 4,000 4,635,440 Snohomish County School District No. 6 Mukilteo (GO) (SCH BD GTY) 5.000%, 12/01/18 500 526,920 Washington State (GO) 5.000%, 07/01/18 3,000 3,113,280 5.000%, 07/01/20 3,650 4,063,362 Washington State (GO) Series 2010A 5.000%, 08/01/18 4,500 4,684,995 Washington State (GO) Series 2013A 5.000%, 08/01/21 4,245 4,874,109 Washington State (GO) Series A 5.000%, 08/01/18 2,735 2,847,436 Washington State (GO) Series A-1 5.000%, 08/01/21 1,500 1,722,300 Washington State (GO) Series B 4.000%, 07/01/18 9,000 9,258,390 5.000%, 07/01/20 5,000 5,566,250 Washington State (GO) Series D 5.000%, 02/01/19 1,710 1,813,575 Washington State (GO) Series E 5.000%, 02/01/19 4,080 4,327,126 Washington State (GO) Series R-2014A 5.000%, 07/01/18 7,065 7,331,774 Washington State (GO) Series R-2015 5.000%, 07/01/18 4,160 4,317,082 Washington State (GO) Series R-2017A 5.000%, 08/01/22 2,500 2,948,550 ----------- TOTAL WASHINGTON 92,995,414 ----------- WEST VIRGINIA -- (0.5%) West Virginia State (GO) Series A 5.000%, 06/01/21 9,620 10,975,747 ----------- DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- -------------- WISCONSIN -- (3.1%) City of Milwaukee (GO) Series N2 5.000%, 05/01/19 $10,010 $ 10,704,194 5.000%, 04/01/20 5,860 6,460,884 Wisconsin Health & Educational Facilities Authority (RB) Series A (currency) 5.250%, 12/01/35 (Pre-refunded @ $100, 12/3/18) 1,980 2,090,068 Wisconsin State (GO) Series 1 5.000%, 05/01/19 9,230 9,875,085 5.000%, 05/01/20 3,235 3,579,754 Wisconsin State (GO) Series 1 (AMBAC) 5.000%, 05/01/19 3,475 3,717,868 Wisconsin State (GO) Series 1 (ETM) 5.000%, 05/01/20 120 132,547 Wisconsin State (GO) Series 2 5.000%, 11/01/19 4,000 4,356,960 5.000%, 11/01/21 6,160 7,120,221 5.000%, 11/01/22 3,000 3,554,220 Wisconsin State (GO) Series B 5.000%, 05/01/20 11,930 13,201,380 5.000%, 05/01/21 9,655 11,001,872 -------------- TOTAL WISCONSIN 75,795,053 -------------- TOTAL MUNICIPAL BONDS 2,415,478,793 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,401,884,106)^^ $2,415,478,793 ============== DFA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Municipal Bonds -- $2,415,478,793 -- $2,415,478,793 -- -------------- -- -------------- TOTAL -- $2,415,478,793 -- $2,415,478,793 == ============== == ============== DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ----------- MUNICIPAL BONDS -- (100.0%) ALABAMA -- (0.6%) Alabama State (GO) Series A 5.000%, 08/01/19 $3,995 $ 4,311,444 5.000%, 08/01/21 250 286,945 Alabama State (GO) Series B 5.000%, 11/01/19 1,000 1,088,780 Alabama State (GO) Series C 5.000%, 08/01/24 3,000 3,672,420 ----------- TOTAL ALABAMA 9,359,589 ----------- ALASKA -- (0.5%) Borough of North Slope (GO) Series A 4.000%, 06/30/18 400 410,896 City of Anchorage (GO) Series A 5.000%, 09/01/21 3,845 4,418,097 5.000%, 09/01/23 200 240,386 City of Anchorage (GO) Series C 5.000%, 09/01/24 2,765 3,377,199 ----------- TOTAL ALASKA 8,446,578 ----------- ARIZONA -- (0.5%) City of Tucson (GO) Series C 3.000%, 07/01/22 1,455 1,567,253 Maricopa County Community College District (GO) 4.000%, 07/01/18 4,000 4,115,200 Maricopa County High School District No. 210-Phoenix (GO) 3.000%, 07/01/23 1,810 1,971,579 ----------- TOTAL ARIZONA 7,654,032 ----------- ARKANSAS -- (1.0%) Arkansas State (GO) 5.000%, 04/01/18 2,500 2,567,725 5.000%, 04/01/21 1,000 1,140,330 5.000%, 06/15/21 3,750 4,302,112 5.000%, 04/01/22 2,800 3,279,500 4.250%, 06/01/23 3,325 3,853,509 ----------- TOTAL ARKANSAS 15,143,176 ----------- CALIFORNIA -- (0.7%) California State (GO) Series B 5.000%, 09/01/21 250 288,558 5.000%, 09/01/25 9,000 11,178,990 ----------- TOTAL CALIFORNIA 11,467,548 ----------- FACE AMOUNT (000) VALUE+ ------ ----------- COLORADO -- (1.5%) Adams & Arapahoe Joint School District 28J (GO) (ST AID WITHHLDG) 5.000%, 12/01/21 $ 425 $ 492,320 Arapahoe County School District No. 5 (GO) (ST AID WITHHLDG) 5.000%, 12/15/19 3,115 3,403,356 5.000%, 12/15/19 5,705 6,233,112 Boulder County (RB) 5.000%, 07/15/18 540 561,049 City & County of Denver (GO) Series A 5.000%, 08/01/19 2,085 2,251,008 Denver City & County School District No. 1 (GO) Series A (NATL-RE) (ST AID WITHHLDG) 5.250%, 12/01/21 2,490 2,917,458 Denver City & County School District No. 1 (GO) Series C (ST AID WITHHLDG) 3.000%, 12/01/23 1,540 1,683,805 Platte River Power Authority (RB) Series JJ 5.000%, 06/01/23 4,425 5,310,708 ----------- TOTAL COLORADO 22,852,816 ----------- CONNECTICUT -- (1.0%) City of Middletown (GO) 4.000%, 04/01/22 1,350 1,513,660 Connecticut State (GO) Series A 5.000%, 10/15/18 3,300 3,450,117 5.000%, 10/15/19 600 644,184 Connecticut State (GO) Series B (AMBAC) 5.250%, 06/01/18 6,800 7,031,812 Connecticut State (GO) Series E 5.000%, 08/15/19 2,775 2,964,727 ----------- TOTAL CONNECTICUT 15,604,500 ----------- DELAWARE -- (1.0%) Delaware State (GO) Series 2009C 5.000%, 10/01/17 3,080 3,100,852 Delaware State (GO) Series A 5.000%, 08/01/23 2,225 2,691,137 Delaware State (GO) Series B 5.000%, 07/01/18 2,395 2,485,004 5.000%, 07/01/19 4,680 5,038,067 New Castle County (GO) 5.000%, 10/01/23 1,000 1,211,120 New Castle County (GO) Series B 5.000%, 07/15/22 700 825,615 ----------- TOTAL DELAWARE 15,351,795 ----------- DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- DISTRICT OF COLUMBIA -- (1.3%) District of Columbia (GO) Series A 5.000%, 06/01/20 $3,445 $ 3,823,123 5.000%, 06/01/20 6,000 6,658,560 5.000%, 06/01/23 2,000 2,402,800 5.000%, 06/01/25 1,500 1,855,140 District of Columbia (GO) Series B 5.000%, 06/01/25 4,500 5,565,420 ----------- TOTAL DISTRICT OF COLUMBIA 20,305,043 ----------- FLORIDA -- (3.3%) Board of Governors State University System of Florida (RB) Series A 3.000%, 07/01/24 2,580 2,761,245 City of Jacksonville (RB) 5.000%, 10/01/18 315 329,881 City of Tallahassee Energy System Revenue (RB) 5.000%, 10/01/20 250 278,718 Florida State (GO) 5.000%, 07/01/21 7,000 8,019,060 5.000%, 07/01/24 5,000 6,119,000 Florida State Board of Education (GO) Series A 5.000%, 06/01/18 5,000 5,171,150 5.000%, 06/01/19 2,860 3,069,895 5.000%, 06/01/20 4,000 4,435,480 5.000%, 06/01/23 1,300 1,561,014 5.000%, 06/01/24 1,400 1,710,744 Florida State Board of Education (GO) Series B 5.000%, 06/01/20 6,400 7,096,768 5.000%, 06/01/23 350 420,273 Florida State Board of Education (GO) Series C 5.000%, 06/01/20 3,000 3,326,610 Florida State Board of Education (GO) Series D 5.000%, 06/01/22 1,000 1,174,110 Pasco County Water & Sewer Revenue (RB) Series A 4.000%, 10/01/17 320 321,648 Peace River Manasota Regional Water Supply Authority (RB) 5.000%, 10/01/25 2,030 2,496,717 Tampa Bay Water (RB) 5.000%, 10/01/19 450 488,484 Tampa Bay Water (RB) Series A 5.000%, 10/01/25 2,850 3,522,201 ----------- TOTAL FLORIDA 52,302,998 ----------- FACE AMOUNT (000) VALUE+ ------- ----------- GEORGIA -- (3.9%) City of Atlanta (GO) 5.000%, 12/01/19 $ 5,875 $ 6,410,036 City of Atlanta Water & Wastewater Revenue (RB) Series B 5.000%, 11/01/19 1,700 1,848,937 Columbia County School District (GO) (ST AID WITHHLDG) 5.000%, 04/01/20 1,700 1,872,907 DeKalb County Water & Sewerage Revenue (RB) Series B 5.250%, 10/01/24 2,830 3,500,314 Georgia State (GO) Series A-1 5.000%, 02/01/22 2,730 3,182,579 Georgia State (GO) Series C 5.000%, 10/01/21 3,060 3,533,229 Georgia State (GO) Series C-1 5.000%, 07/01/23 10,915 13,150,392 5.000%, 07/01/26 9,200 11,570,564 Georgia State (GO) Series F 5.000%, 12/01/19 6,000 6,553,680 Georgia State (GO) Series I 5.000%, 07/01/19 4,490 4,834,428 5.000%, 07/01/20 900 1,001,106 Gordon County School District (GO) (ST AID WITHHLDG) 3.000%, 09/01/17 250 250,412 Gwinnett County School District (GO) 5.000%, 02/01/20 1,700 1,867,552 5.000%, 02/01/20 1,585 1,741,218 Gwinnett County Water & Sewerage Authority (RB) (CNTY GTD) 3.000%, 08/01/17 375 375,000 ----------- TOTAL GEORGIA 61,692,354 ----------- HAWAII -- (2.2%) City & County of Honolulu (GO) Series B 5.000%, 08/01/20 1,470 1,639,344 5.000%, 10/01/23 200 241,436 5.000%, 10/01/24 6,870 8,407,918 5.000%, 10/01/25 4,925 6,095,032 Hawaii State (GO) Series EA 5.000%, 12/01/21 850 986,196 Hawaii State (GO) Series EE 5.000%, 11/01/20 515 579,184 Hawaii State (GO) Series EF 5.000%, 11/01/22 2,240 2,658,813 Hawaii State (GO) Series EH 4.000%, 08/01/19 1,110 1,176,045 Hawaii State (GO) Series ET 3.000%, 10/01/23 3,710 4,050,022 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- HAWAII -- (Continued) Hawaii State (GO) Series EZ 5.000%, 10/01/21 $6,080 $ 7,020,272 Maui County (GO) 5.000%, 06/01/18 1,750 1,809,605 ----------- TOTAL HAWAII 34,663,867 ----------- IOWA -- (0.1%) City of Ankeny (GO) Series D 4.000%, 06/01/18 700 718,081 County of Black Hawk (GO) Series A 5.000%, 06/01/19 1,200 1,287,156 State of Iowa (RB) Series A (ETM) 5.000%, 06/01/18 275 284,391 ----------- TOTAL IOWA 2,289,628 ----------- KANSAS -- (2.0%) City of Lenexa (GO) Series A 5.000%, 09/01/21 525 603,928 City of Wichita (GO) Series A 5.000%, 12/01/19 3,000 3,273,930 Johnson County (GO) Series B 3.000%, 09/01/22 2,260 2,449,343 Johnson County Unified School District No. 229 Blue Valley (GO) Series B 5.000%, 10/01/23 445 538,072 Johnson County Unified School District No. 232 (GO) Series A 5.000%, 09/01/17 400 401,308 5.000%, 09/01/20 2,550 2,846,004 Johnson County Unified School District No. 233 Olathe (GO) Series B 5.000%, 09/01/23 4,380 5,281,404 Kansas State Department of Transportation (RB) Series A 5.000%, 09/01/17 4,075 4,088,366 5.000%, 09/01/21 3,250 3,740,002 Kansas State Department of Transportation (RB) Series B 5.000%, 09/01/20 3,000 3,357,930 Saline County Unified School District No. 305 Salina (GO) 5.000%, 09/01/20 1,860 2,072,933 Sedgwick County Unified School District No. 260 (GO) 5.000%, 10/01/21 1,325 1,520,027 Wyandotte County Unified Government (GO) Series A 3.000%, 08/01/18 580 591,565 ----------- TOTAL KANSAS 30,764,812 ----------- FACE AMOUNT (000) VALUE+ ------- ----------- KENTUCKY -- (0.5%) Louisville Water Co. (RB) Series A 4.000%, 11/15/21 $ 1,215 $ 1,356,608 Louisville/Jefferson County Metropolitan Government (GO) 5.000%, 12/01/19 1,250 1,364,438 Louisville/Jefferson County Metropolitan Government (GO) Series A 5.000%, 12/01/20 5,155 5,802,880 ----------- TOTAL KENTUCKY 8,523,926 ----------- LOUISIANA -- (1.7%) Louisiana State (GO) Series A 5.000%, 11/15/19 4,500 4,889,250 5.000%, 02/01/24 2,000 2,389,260 Louisiana State (GO) Series C 5.000%, 07/15/22 12,765 14,868,800 Louisiana State (GO) Series D-1 5.000%, 12/01/20 4,065 4,554,629 ----------- TOTAL LOUISIANA 26,701,939 ----------- MAINE -- (0.2%) Maine State (GO) Series B 5.000%, 06/01/20 3,000 3,330,150 ----------- MARYLAND -- (5.8%) Anne Arundel County (GO) 5.000%, 04/01/22 2,475 2,901,294 Baltimore County (GO) 5.000%, 08/01/22 400 472,196 Baltimore County (GO) Series B 5.000%, 08/01/24 5,800 7,121,530 Baltimore County (GO) Series C 4.000%, 09/01/18 2,410 2,491,265 Carroll County (GO) 4.000%, 11/01/18 2,890 3,001,699 5.000%, 11/01/19 2,300 2,502,584 5.000%, 11/01/20 5,450 6,123,675 Charles County (GO) 5.000%, 03/01/19 2,000 2,128,480 City of Baltimore (GO) Series B 5.000%, 10/15/19 7,330 7,962,945 5.000%, 10/15/22 8,060 9,510,155 Harford County (GO) 5.000%, 09/15/19 1,545 1,675,460 Howard County (GO) Series A 5.000%, 02/15/18 2,000 2,044,940 Maryland State (GO) Series B 5.000%, 03/01/19 4,680 4,981,439 5.000%, 08/01/19 2,500 2,699,575 Maryland State (GO) Series C 5.000%, 11/01/18 5,000 5,256,250 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- MARYLAND -- (Continued) 5.000%, 08/01/19 $ 3,000 $ 3,239,490 5.000%, 08/01/20 7,250 8,096,582 Prince George's County (GO) Series B 5.000%, 09/15/18 2,000 2,092,040 4.000%, 03/01/22 2,480 2,784,866 Prince George's County (GO) Series C 5.000%, 08/01/20 3,450 3,850,683 Queen Anne's County (GO) 5.000%, 11/15/19 1,805 1,966,710 University System of Maryland (RB) Series B 5.000%, 04/01/20 4,355 4,807,615 Washington Suburban Sanitary Commission (GO) Series A 4.000%, 06/01/18 1,550 1,590,300 Worcester County (GO) Series B 4.000%, 08/01/21 2,000 2,218,600 ----------- TOTAL MARYLAND 91,520,373 ----------- MASSACHUSETTS -- (4.2%) City of Boston (GO) Series A 5.000%, 03/01/20 3,270 3,602,003 City of Boston (GO) Series B 5.000%, 04/01/19 4,700 5,016,968 4.000%, 01/01/23 1,795 2,050,464 5.000%, 04/01/24 3,000 3,669,570 City of Cambridge (GO) 3.000%, 02/15/20 2,070 2,175,963 City of Springfield (GO) Series C (ST AID WITHHLDG) 4.000%, 08/01/23 150 171,053 City of Woburn (GO) 4.000%, 09/01/22 350 396,473 Commonwealth of Massachusetts (GO) Series A 5.000%, 04/01/23 10,000 11,946,600 Commonwealth of Massachusetts (GO) Series B 5.000%, 08/01/18 2,500 2,603,025 5.250%, 08/01/21 5,000 5,789,600 Commonwealth of Massachusetts (GO) Series B (AGM) 5.250%, 09/01/24 3,700 4,586,298 Commonwealth of Massachusetts (GO) Series C 5.000%, 08/01/20 2,500 2,788,000 5.000%, 10/01/21 1,005 1,159,539 5.000%, 08/01/24 1,500 1,831,770 Commonwealth of Massachusetts (GO) Series C (AMBAC) 5.500%, 12/01/23 3,500 4,342,065 FACE AMOUNT (000) VALUE+ ------ ----------- MASSACHUSETTS -- (Continued) Massachusetts Bay Transportation Authority (RB) Series B (NATL-RE) 5.500%, 07/01/24 $3,020 $ 3,789,889 Massachusetts Water Resources Authority (RB) Series A 5.000%, 08/01/22 3,000 3,541,470 Massachusetts Water Resources Authority (RB) Series J (AGM) (GO OF AUTH) 5.250%, 08/01/18 2,000 2,086,760 Town of Auburn (GO) 2.000%, 03/15/19 750 762,967 Town of Nantucket (GO) 3.000%, 10/01/22 1,115 1,209,898 Town of Reading (GO) 5.000%, 02/01/18 1,065 1,086,971 Town of Wilmington (GO) 5.000%, 03/15/20 1,665 1,834,297 ----------- TOTAL MASSACHUSETTS 66,441,643 ----------- MICHIGAN -- (0.8%) Kentwood Public Schools (GO) 4.000%, 05/01/22 500 555,815 Michigan State (GO) 5.000%, 11/01/19 4,400 4,788,564 Michigan State Trunk Line Revenue (RB) 5.000%, 11/15/18 5,000 5,262,250 University of Michigan (RB) Series A 4.000%, 04/01/23 1,000 1,142,780 ----------- TOTAL MICHIGAN 11,749,409 ----------- MINNESOTA -- (3.9%) Bloomington Independent School District No. 271 (GO) Series A (SD CRED PROG) 5.000%, 02/01/20 1,150 1,261,849 City of Edina (GO) Series B 3.000%, 02/01/19 305 314,486 City of State Cloud (GO) Series B 5.000%, 02/01/21 1,275 1,441,260 Dakota County Community Development Agency (RB) Series B (CNTY GTD) 5.000%, 01/01/23 800 950,488 Elk River Independent School District No. 728 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21 5,000 5,661,150 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- MINNESOTA -- (Continued) Lakeville Minnesota Independent School District No. 194 (GO) Series D (SD CRED PROG) 5.000%, 02/01/22 $ 4,000 $ 4,649,800 Metropolitan Council (GO) Series C 5.000%, 03/01/26 700 879,830 Minnesota Public Facilities Authority (RB) Series A 5.000%, 03/01/18 620 635,047 Minnesota State (GO) Series A 5.000%, 10/01/20 4,390 4,924,790 5.000%, 08/01/22 3,000 3,544,650 Minnesota State (GO) Series B 5.000%, 08/01/20 5,460 6,092,432 5.000%, 10/01/21 4,660 5,384,816 Minnesota State (GO) Series D 5.000%, 08/01/18 485 504,938 Minnesota State (GO) Series E 2.000%, 08/01/19 1,810 1,847,467 Minnesota State (GO) Series F 5.000%, 10/01/21 12,025 13,895,369 Minnesota State (GO) Series K 5.000%, 11/01/19 3,680 4,009,286 Morris Area Independent School District No. 2769 (GO) Series A 4.000%, 02/01/24 1,125 1,291,669 Rochester Independent School District No. 535 (GO) Series A (SD CRED PROG) 3.000%, 02/01/22 1,240 1,330,619 Saint Paul Public Library Agency (GO) Series C 5.000%, 03/01/20 250 275,383 University of Minnesota (RB) Series A (GO OF UNIV) 5.000%, 12/01/17 1,760 1,784,358 ----------- TOTAL MINNESOTA 60,679,687 ----------- MISSISSIPPI -- (1.3%) Mississippi State (GO) Series A 5.000%, 10/01/27 9,110 11,392,784 Mississippi State (GO) Series F 5.000%, 11/01/21 7,750 8,940,632 ----------- TOTAL MISSISSIPPI 20,333,416 ----------- MISSOURI -- (0.9%) City of Kansas City (GO) Series A 4.000%, 02/01/22 1,150 1,284,056 5.000%, 02/01/23 3,955 4,684,737 North Kansas City School District No. 74 (GO) (ST AID DIR DEP) 4.000%, 03/01/23 5,335 6,076,725 FACE AMOUNT (000) VALUE+ ------ ----------- MISSOURI -- (Continued) St. Charles Community College (GO) 3.000%, 02/15/20 $2,245 $ 2,356,464 ----------- TOTAL MISSOURI 14,401,982 ----------- NEBRASKA -- (0.5%) Douglas County School District No. 17 (GO) 4.000%, 12/15/26 2,260 2,646,392 Metropolitan Utilities District of Omaha (RB) 5.000%, 12/01/20 1,000 1,123,930 Omaha Public Power District (RB) Series B 5.000%, 02/01/18 2,965 3,026,020 Omaha School District (GO) 4.000%, 12/15/19 1,365 1,461,191 ----------- TOTAL NEBRASKA 8,257,533 ----------- NEVADA -- (0.6%) City of Henderson (GO) 5.000%, 06/01/21 490 555,905 Clark County (GO) Series A 5.000%, 07/01/19 1,725 1,855,272 5.000%, 07/01/25 2,700 3,332,151 Clark County School District (GO) Series A 5.000%, 06/15/19 1,500 1,608,060 Nevada State (GO) Series A 5.000%, 08/01/19 1,825 1,968,792 ----------- TOTAL NEVADA 9,320,180 ----------- NEW HAMPSHIRE -- (1.0%) City of Dover (GO) 3.000%, 06/15/19 600 622,020 City of Nashua (GO) 4.000%, 07/15/19 5,350 5,662,387 4.000%, 07/15/20 2,720 2,943,366 New Hampshire State (GO) Series A 5.000%, 03/01/23 5,910 7,047,675 ----------- TOTAL NEW HAMPSHIRE 16,275,448 ----------- NEW JERSEY -- (0.7%) Essex County (GO) Series A 5.000%, 08/01/20 1,000 1,111,440 Livingston Township (GO) 3.000%, 01/15/21 350 370,374 Morris County (GO) 4.000%, 10/15/20 2,390 2,604,957 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- NEW JERSEY -- (Continued) New Jersey Educational Facilities Authority (RB) Series B 5.000%, 07/01/19 $2,330 $ 2,509,666 Princeton Regional School District (GO) (ST AID WITHHLDG) 1.750%, 02/01/22 1,095 1,117,885 South Orange & Maplewood School District (GO) (SCH BD RES FD) 3.000%, 03/01/22 350 373,622 Township of North Brunswick (GO) 2.000%, 08/01/18 1,075 1,086,470 Union County (GO) Series B 3.000%, 03/01/22 2,315 2,489,343 Union County (GO) Series B (ETM) 3.000%, 03/01/22 45 48,430 ----------- TOTAL NEW JERSEY 11,712,187 ----------- NEW MEXICO -- (1.1%) City of Albuquerque (GO) Series A 5.000%, 07/01/24 1,300 1,586,182 Farmington Municipal School District No. 5 (GO) (ST AID WITHHLDG) 4.000%, 09/01/20 945 1,024,408 Las Cruces School District No. 2 (GO) Series A (ST AID WITHHLDG) 4.000%, 08/01/19 1,000 1,056,850 4.000%, 08/01/20 125 135,264 New Mexico State Severance Tax Permanent Fund (RB) Series A 5.000%, 07/01/19 2,000 2,152,240 New Mexico State Severance Tax Permanent Fund (RB) Series B 4.000%, 07/01/20 4,100 4,439,685 Santa Fe County (GO) 5.000%, 07/01/22 1,000 1,171,830 Santa Fe Public School District (GO) (ST AID WITHHLDG) 5.000%, 08/01/20 3,270 3,632,382 5.000%, 08/01/24 2,000 2,421,760 ----------- TOTAL NEW MEXICO 17,620,601 ----------- NEW YORK -- (5.0%) Albany County (GO) Series B 4.000%, 11/01/18 2,470 2,566,083 Brewster Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/01/19 1,000 1,020,460 City of New York (GO) Series A 5.000%, 08/01/24 860 1,047,041 City of New York (GO) Series B 5.000%, 08/01/19 600 647,154 FACE AMOUNT (000) VALUE+ ------- ----------- NEW YORK -- (Continued) 5.000%, 08/01/21 $ 450 $ 516,119 5.000%, 08/01/22 600 705,744 City of New York (GO) Series B-Subseries B-7 (AMBAC) 5.000%, 08/15/18 1,620 1,688,332 City of New York (GO) Series C 5.250%, 08/01/18 430 448,520 5.000%, 08/01/20 5,625 6,265,912 City of New York (GO) Series E 5.000%, 08/01/21 3,975 4,559,047 5.000%, 08/01/23 6,000 7,199,580 City of New York (GO) Series G 5.000%, 08/01/19 3,500 3,775,065 New York State Dormitory Authority (RB) Series A 3.000%, 07/01/20 1,615 1,704,568 5.000%, 03/15/23 200 239,356 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/22 10,200 11,890,446 5.000%, 02/15/24 4,900 5,943,112 New York State Dormitory Authority (RB) Series C 5.000%, 03/15/19 825 879,434 New York State Dormitory Authority (RB) Series D 5.000%, 02/15/24 9,950 12,068,156 New York State Dormitory Authority (RB) Series E 5.000%, 03/15/21 2,000 2,272,740 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/19 1,630 1,737,547 5.000%, 03/15/25 3,440 4,231,166 New York State Urban Development Corp. (RB) Series C 5.000%, 12/15/18 4,225 4,463,881 Penfield Central School District (GO) (ASSURED GTY) (ST AID WITHHLDG) 3.750%, 06/15/19 150 157,809 Sachem Central School District (GO) (ST AID WITHHLDG) 5.000%, 10/15/19 1,300 1,411,371 Town of Cheektowaga (GO) 5.000%, 07/15/23 300 360,120 Town of Huntington (GO) 2.000%, 12/01/23 100 103,313 ----------- TOTAL NEW YORK 77,902,076 ----------- NORTH CAROLINA -- (6.0%) City of Charlotte (GO) Series A 5.000%, 07/01/18 4,380 4,544,995 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- NORTH CAROLINA -- (Continued) City of Charlotte Water & Sewer System Revenue (RB) 5.000%, 07/01/19 $2,000 $ 2,151,440 City of High Point (GO) 5.000%, 03/01/18 700 716,786 City of Raleigh (GO) Series A 5.000%, 09/01/22 2,685 3,180,302 Forsyth County (GO) 4.000%, 12/01/21 3,500 3,916,745 Guilford County (GO) Series A 5.000%, 02/01/22 1,800 2,100,978 Guilford County (GO) Series B 5.000%, 05/01/24 5,000 6,122,050 Johnston County (GO) 4.000%, 02/01/20 3,735 4,006,535 Johnston County (GO) Series A 5.000%, 02/01/21 2,995 3,391,029 Moore County (GO) 5.000%, 06/01/22 2,740 3,211,444 New Hanover County (GO) 4.000%, 08/01/19 2,280 2,417,530 5.000%, 02/01/23 250 299,045 North Carolina Eastern Municipal Power Agency (RB) Series B (NATL-IBC) (ETM) 6.000%, 01/01/22 9,700 11,713,041 North Carolina State (GO) Series B 5.000%, 06/01/25 8,000 9,966,880 North Carolina State (GO) Series B 5.000%, 06/01/18 2,000 2,068,460 North Carolina State (GO) Series C 5.000%, 05/01/20 3,270 3,624,108 5.000%, 05/01/21 4,625 5,286,652 North Carolina State (GO) Series D 4.000%, 06/01/21 5,000 5,542,000 4.000%, 06/01/23 8,700 9,998,301 North Carolina State (GO) Series E 5.000%, 05/01/19 5,000 5,347,650 Wake County (GO) 5.000%, 09/01/21 1,450 1,672,372 Wake County (GO) Series C 5.000%, 03/01/24 3,000 3,663,720 ----------- TOTAL NORTH CAROLINA 94,942,063 ----------- OHIO -- (3.8%) City of Cincinnati (GO) Series A 4.000%, 12/01/21 2,645 2,945,736 City of Cincinnati (GO) Series C 5.000%, 12/01/19 2,955 3,218,379 City of Columbus (GO) Series 1 5.000%, 07/01/22 4,100 4,825,823 FACE AMOUNT (000) VALUE+ ------ ----------- OHIO -- (Continued) City of Columbus (GO) Series A 2.000%, 08/15/20 $3,285 $ 3,372,972 3.000%, 07/01/21 470 502,599 3.000%, 07/01/22 700 756,777 2.000%, 08/15/22 6,160 6,369,440 4.000%, 07/01/23 4,995 5,729,265 Hamilton County Sewer System Revenue (RB) Series A 5.000%, 12/01/21 200 231,588 Oakwood City School District (GO) 2.000%, 12/01/17 280 281,086 Ohio Higher Educational Facility Commission (RB) (currency) 5.250%, 07/01/44 (Pre-refunded @ $100, 7/1/20) 1,875 2,095,013 Ohio State (GO) 5.000%, 09/01/19 6,000 6,494,820 Ohio State (GO) Series A 5.000%, 09/01/19 550 595,359 5.000%, 05/01/20 1,555 1,720,716 3.000%, 02/01/22 500 538,810 5.000%, 08/01/22 4,005 4,723,577 5.000%, 09/15/22 500 591,555 5.000%, 09/15/22 250 295,778 Ohio State (GO) Series B 5.000%, 08/01/19 200 215,842 5.000%, 09/15/19 2,065 2,238,460 5.000%, 08/01/20 3,020 3,367,904 5.000%, 06/15/21 1,500 1,717,170 5.000%, 06/15/22 4,000 4,703,960 Ohio State (GO) Series C 5.000%, 09/15/21 1,000 1,153,040 Ohio State (RB) Series 1-GARVEE 5.000%, 12/15/17 1,250 1,269,213 ----------- TOTAL OHIO 59,954,882 ----------- OKLAHOMA -- (0.1%) City of Oklahoma (GO) 5.000%, 03/01/19 1,310 1,392,661 City of Tulsa (GO) 5.000%, 12/01/17 400 405,468 ----------- TOTAL OKLAHOMA 1,798,129 ----------- OREGON -- (1.3%) City of Portland (GO) Series B 4.000%, 06/01/20 935 1,012,455 City of Portland Water System Revenue (RB) Series A 5.000%, 04/01/21 8,000 9,119,520 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- OREGON -- (Continued) Lane County School District No. 4J Eugene (GO) Series A (SCH BD GTY) 5.000%, 06/15/23 $ 3,355 $ 4,028,751 Oregon State (GO) Series A 5.000%, 05/01/21 200 228,374 Oregon State (GO) Series G 5.000%, 12/01/24 2,290 2,822,723 Portland Community College District (GO) 5.000%, 06/15/18 2,760 2,858,422 ----------- TOTAL OREGON 20,070,245 ----------- PENNSYLVANIA -- (1.5%) Commonwealth of Pennsylvania (GO) 5.000%, 07/01/18 1,500 1,555,245 Commonwealth of Pennsylvania (GO) Series 1 5.000%, 04/01/22 11,260 13,027,595 Monroe County (GO) 4.000%, 12/15/18 400 416,580 Montgomery County (GO) 5.000%, 05/01/23 5,255 6,285,978 Pennsylvania Economic Development Financing Authority (RB) Series A 5.000%, 07/01/19 1,300 1,400,503 West View Municipal Authority Water Revenue (RB) 4.000%, 11/15/20 1,100 1,195,139 ----------- TOTAL PENNSYLVANIA 23,881,040 ----------- RHODE ISLAND -- (1.7%) Rhode Island State (GO) Series A 5.000%, 08/01/19 8,000 8,618,800 5.000%, 08/01/22 1,605 1,884,479 Rhode Island State (GO) Series C 5.000%, 08/01/19 9,185 9,895,460 5.000%, 08/01/20 4,870 5,418,800 Rhode Island State (GO) Series D 5.000%, 08/01/22 685 804,279 ----------- TOTAL RHODE ISLAND 26,621,818 ----------- SOUTH CAROLINA -- (3.1%) Beaufort County (GO) Series C (ST AID WITHHLDG) 5.000%, 03/01/22 3,485 4,068,041 Berkeley County School District (GO) Series B (SCSDE) 5.000%, 03/01/22 4,120 4,795,309 FACE AMOUNT (000) VALUE+ ------ ----------- SOUTH CAROLINA -- (Continued) Charleston County (GO) Series A 5.000%, 11/01/22 $4,780 $ 5,684,424 Charleston County School District (GO) Series A (SCSDE) 5.000%, 02/01/21 2,020 2,285,630 City of Charleston SC Waterworks & Sewer System Revenue (RB) 5.000%, 01/01/20 1,805 1,977,468 City of North Charleston (GO) (ST AID WITHHLDG) 5.000%, 06/01/21 385 438,792 Clemson University (RB) 3.000%, 05/01/21 350 370,223 Dorchester County School District No. 2 (GO) Series B (SCSDE) 5.000%, 03/01/25 1,430 1,758,457 Florence School District One (GO) (SCSDE) 5.000%, 03/01/20 3,335 3,661,963 5.000%, 03/01/21 3,170 3,588,218 Lexington & Richland School District No. 5 (GO) (SCSDE) 5.000%, 03/01/19 945 1,004,478 Richland County School District No. 1 (GO) Series A (SCSDE) 5.000%, 03/01/20 5,480 6,017,259 Richland County School District No. 2 (GO) Series A (SCSDE) 5.000%, 02/01/21 2,085 2,354,591 South Carolina State (GO) Series A 5.000%, 06/01/19 2,500 2,683,475 South Carolina State (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/23 5,500 6,664,790 York County (GO) (ST AID WITHHLDG) 5.000%, 04/01/20 1,900 2,095,890 ----------- TOTAL SOUTH CAROLINA 49,449,008 ----------- TENNESSEE -- (3.6%) City of Clarksville Water Sewer & Gas Revenue (RB) 5.000%, 02/01/20 3,150 3,449,817 City of Johnson (GO) 3.000%, 06/01/19 875 907,095 City of Memphis (GO) Series A 5.000%, 11/01/22 9,695 11,448,341 5.000%, 04/01/25 1,945 2,391,630 City of Pigeon Forge (GO) 4.000%, 06/01/21 670 739,439 Hamilton County (GO) Series B 3.000%, 03/01/22 4,550 4,907,402 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- TENNESSEE -- (Continued) Knox County (GO) 5.000%, 06/01/20 $2,585 $ 2,869,479 Maury County (GO) 5.000%, 04/01/21 5,105 5,787,896 Maury County (GO) Series B 5.000%, 04/01/19 1,000 1,066,580 Metropolitan Government of Nashville & Davidson County (GO) 5.000%, 01/01/18 2,700 2,746,089 5.000%, 07/01/22 1,000 1,174,430 Metropolitan Government of Nashville & Davidson County (GO) Series A 5.000%, 01/01/20 1,100 1,202,344 Metropolitan Government of Nashville & Davidson County (RB) Series E (ETM) 4.000%, 10/01/17 2,000 2,010,140 Putnam County (GO) 4.000%, 04/01/23 975 1,106,801 Shelby County (GO) Series A 5.000%, 04/01/20 7,000 7,721,700 Sumner County (GO) 5.000%, 06/01/21 110 125,590 Tennessee State (GO) Series A 4.000%, 09/01/18 3,325 3,436,022 Tennessee State (GO) Series B 5.000%, 08/01/20 1,945 2,170,892 Williamson County (GO) Series A 4.000%, 05/01/22 300 337,884 Wilson County (GO) Series B 4.000%, 04/01/20 1,040 1,117,168 ----------- TOTAL TENNESSEE 56,716,739 ----------- TEXAS -- (15.7%) Austin Independent School District (GO) (PSF-GTD) 5.000%, 08/01/20 350 390,100 City of Arlington (GO) Series A 3.000%, 08/15/20 1,700 1,793,483 City of Austin (GO) 5.000%, 09/01/20 1,655 1,849,793 City of Dallas (GO) 5.000%, 02/15/21 9,505 10,659,572 City of Denton (GO) 4.000%, 02/15/22 2,510 2,799,177 City of El Paso (GO) 5.000%, 08/15/19 3,505 3,770,994 City of Fort Worth (GO) Series A 5.000%, 03/01/25 5,000 6,104,800 FACE AMOUNT (000) VALUE+ ------ ---------- TEXAS -- (Continued) City of Fort Worth Water & Sewer System Revenue (RB) 5.000%, 02/15/19 $ 400 $ 424,476 City of Houston (GO) Series A 5.000%, 03/01/18 750 767,985 5.000%, 03/01/21 3,100 3,503,155 5.000%, 03/01/22 5,890 6,838,349 City of Houston Combined Utility System Revenue (RB) (ASSURED GTY) (currency) 5.375%, 11/15/38 (Pre-refunded @ $100, 5/15/19) 4,735 5,098,411 City of Lubbock (GO) 5.000%, 02/15/19 3,000 3,182,610 5.000%, 02/15/23 1,000 1,182,840 City of Richardson (GO) 4.250%, 02/15/18 400 407,284 City of San Antonio (GO) 5.000%, 02/01/20 1,000 1,096,740 City of San Antonio Electric & Gas Systems Revenue (RB) 5.000%, 02/01/21 3,000 3,397,800 City of San Antonio Electric & Gas Systems Revenue (RB) 5.000%, 02/01/21 720 815,472 City of San Antonio Electric & Gas Systems Revenue (RB) Series D 5.000%, 02/01/19 400 424,104 City of Southlake (GO) 3.000%, 02/15/23 1,510 1,639,875 Clear Creek Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/25 2,175 2,670,139 Cypress-Fairbanks Independent School District (GO) (PSF-GTD) 5.000%, 02/15/21 3,500 3,963,960 Dallas Area Rapid Transit (RB) Series B 5.000%, 12/01/21 2,545 2,933,011 Dallas Independent School District (GO) (PSF-GTD) 5.000%, 02/15/19 3,480 3,693,463 El Paso Independent School District (GO) (PSF-GTD) 5.000%, 08/15/24 500 608,200 Fort Bend Independent School District (GO) (PSF-GTD) 3.000%, 08/15/17 1,500 1,501,170 Galveston County (GO) 5.000%, 02/01/22 1,000 1,158,650 Grayson County (GO) 5.000%, 01/01/21 1,990 2,238,432 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- TEXAS -- (Continued) Harris County (GO) Series A 4.000%, 10/01/18 $ 880 $ 911,742 5.000%, 10/01/19 4,345 4,706,808 5.000%, 10/01/19 3,500 3,791,445 Harris County Metropolitan Transit Authority (RB) Series B 4.000%, 11/01/18 400 414,344 Hays Consolidated Independent School District (GO) (PSF-GTD) 5.000%, 08/15/23 1,355 1,624,984 Hidalgo County Drain District No. 1 (GO) 5.000%, 09/01/22 1,000 1,172,630 Highland Park Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20 1,790 1,965,814 Houston Higher Education Finance Corp. (RB) Series A (currency) 6.875%, 05/15/41 (Pre-refunded @ $100, 5/15/21) 3,225 3,898,541 Humble Independent School District (GO) Series A (PSF-GTD) 2.000%, 02/15/19 100 101,579 5.500%, 02/15/25 7,000 8,828,190 Katy Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/20 3,820 4,191,189 La Porte Independent School District (GO) 5.000%, 02/15/21 1,700 1,918,416 Lake Travis Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20 3,480 3,814,463 Mansfield Independent School District (GO) 5.000%, 02/15/20 1,000 1,093,480 Mansfield Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/22 895 1,040,751 Mesquite Independent School District (GO) Series B (PSF-GTD) 5.000%, 08/15/17 2,270 2,273,269 North Texas Municipal Water District Water System Revenue (RB) 5.000%, 09/01/24 5,715 6,988,873 Northside Independent School District (GO) (PSF-GTD) 5.000%, 02/15/23 4,535 5,388,033 5.000%, 08/15/25 1,880 2,321,744 Northside Independent School District (GO) Series A (PSF-GTD) 4.000%, 08/15/24 5,215 6,014,407 FACE AMOUNT (000) VALUE+ ------- ------------ TEXAS -- (Continued) Northwest Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/24 $ 1,695 $ 2,049,967 Permanent University Fund - University of Texas System (RB) Series B 5.000%, 07/01/26 5,500 6,891,555 Plano Independent School District (GO) (PSF-GTD) 5.000%, 02/15/24 11,000 13,318,910 San Antonio Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20 4,100 4,500,570 Spring Independent School District (GO) (PSF-GTD) 5.000%, 08/15/19 5,000 5,396,300 Tarrant Regional Water District (RB) 6.000%, 09/01/24 3,450 4,459,263 Texas A&M University (RB) Series B 5.000%, 05/15/21 4,000 4,566,880 Texas A&M University Fund (RB) 5.000%, 07/01/23 3,500 4,207,980 Texas State (GO) 5.000%, 04/01/19 4,500 4,800,375 5.000%, 04/01/23 10,000 11,946,600 5.000%, 10/01/23 15,345 18,514,203 5.000%, 04/01/25 1,000 1,233,660 Texas State (GO) Series A 5.000%, 10/01/19 1,900 2,063,343 Texas Transportation Commission State Highway Fund (RB) 5.250%, 04/01/26 300 380,178 Texas Transportation Commission State Highway Fund (RB) Series A 5.000%, 04/01/19 5,000 5,332,900 5.000%, 04/01/20 7,900 8,716,702 Trinity River Authority Central Regional Wastewater System Revenue (RB) 5.000%, 08/01/27 3,150 3,953,533 University of Texas System (The) (RB) Series J 5.000%, 08/15/25 2,500 3,102,200 5.000%, 08/15/26 1,500 1,882,875 Via Metropolitan Transit (RB) 5.000%, 07/15/20 2,495 2,776,661 ------------ TOTAL TEXAS 247,469,402 ------------ UTAH -- (1.3%) Davis County (GO) 4.000%, 02/01/18 350 355,481 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- UTAH -- (Continued) North Davis County Sewer District (RB) 3.000%, 03/01/21 $ 2,135 $ 2,275,376 Utah State (GO) 5.000%, 07/01/22 11,285 13,312,351 Utah State (GO) Series C 5.000%, 07/01/19 1,100 1,184,161 Washington County School District Board of Education (GO) (SCH BD GTY) 5.000%, 03/01/18 1,500 1,536,150 5.000%, 03/01/20 2,135 2,349,482 ----------- TOTAL UTAH 21,013,001 ----------- VERMONT -- (0.3%) Vermont State (GO) Series B 5.000%, 08/15/23 1,270 1,536,890 Vermont State (GO) Series C 4.000%, 08/15/23 225 259,295 Vermont State (GO) Series F 5.000%, 08/15/17 1,500 1,502,115 5.000%, 08/15/20 1,100 1,229,382 ----------- TOTAL VERMONT 4,527,682 ----------- VIRGINIA -- (3.9%) City of Hampton (GO) Series B (ST AID WITHHLDG) 5.000%, 09/01/21 3,000 3,449,730 5.000%, 09/01/22 2,050 2,418,201 City of Lynchburg (GO) 5.000%, 02/01/20 1,390 1,522,300 City of Newport News (GO) Series A 2.000%, 07/15/18 515 520,691 City of Norfolk (GO) Series C (ST AID WITHHLDG) 5.000%, 10/01/19 2,505 2,716,397 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/21 1,370 1,552,292 City of Richmond (GO) Series B 5.000%, 07/15/25 5,350 6,612,814 City of Richmond (GO) Series B (ST AID WITHHLDG) 5.000%, 07/15/26 3,635 4,544,804 City of Roanoke (GO) (ST AID WITHHLDG) 4.000%, 04/01/20 1,000 1,076,110 Commonwealth of Virginia (GO) Series B 4.000%, 06/01/23 2,500 2,871,575 FACE AMOUNT (000) VALUE+ ------ ----------- VIRGINIA -- (Continued) Fairfax County (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/19 $2,500 $ 2,715,475 5.000%, 10/01/19 3,880 4,214,417 Fairfax County (GO) Series C (ST AID WITHHLDG) 5.000%, 10/01/19 6,925 7,521,866 Loudoun County (GO) Series A (ST AID WITHHLDG) 5.000%, 12/01/22 4,000 4,763,920 Pittsylvania County (GO) (ST AID WITHHLDG) 5.000%, 02/01/21 250 281,865 Spotsylvania County Water & Sewer System Revenue (RB) 5.000%, 06/01/19 2,885 3,094,538 University of Virginia (RB) Series B 5.000%, 08/01/21 6,250 7,194,687 Virginia Public School Authority (RB) Series D (ST AID WITHHLDG) 5.250%, 08/01/18 500 521,585 Virginia Resources Authority (RB) Series B 4.000%, 10/01/19 2,000 2,129,260 Virginia Resources Authority (RB) Series D 5.000%, 11/01/20 745 837,849 ----------- TOTAL VIRGINIA 60,560,376 ----------- WASHINGTON -- (7.7%) Benton County School District No. 400 Richland (GO) (SCH BD GTY) 5.000%, 12/01/22 4,705 5,571,567 Central Puget Sound Regional Transit Authority (RB) Series P-1 5.000%, 02/01/18 250 255,158 City of Seattle (GO) 5.000%, 12/01/19 1,500 1,638,060 5.000%, 12/01/20 2,745 3,096,717 City of Seattle Drainage & Wastewater Revenue (RB) 5.000%, 09/01/20 3,665 4,102,271 5.000%, 07/01/27 8,400 10,612,224 City of Seattle Municipal Light & Power Revenue (RB) 5.000%, 09/01/20 350 391,195 City of Seattle Municipal Light & Power Revenue (RB) Series A 5.000%, 06/01/19 1,525 1,636,630 5.000%, 06/01/22 310 363,974 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- WASHINGTON -- (Continued) City of Seattle Water System Revenue (RB) 5.000%, 09/01/22 $6,000 $7,090,620 Clark County School District No. 119 Battleground (GO) (SCH BD GTY) 4.000%, 12/01/21 1,000 1,113,250 4.000%, 12/01/22 2,630 2,974,057 County of Kitsap (GO) 5.000%, 06/01/21 200 227,300 King County (GO) 5.000%, 01/01/21 425 480,798 King County (GO) Series A 5.000%, 07/01/19 1,110 1,195,148 5.000%, 07/01/20 2,650 2,950,112 King County (GO) Series E 5.000%, 12/01/19 1,300 1,419,964 King County School District No. 210 (GO) (SCH BD GTY) 2.000%, 12/01/18 1,200 1,217,220 King County School District No. 403 Renton (GO) (SCH BD GTY) 5.000%, 12/01/19 1,150 1,255,846 King County School District No. 405 Bellevue (GO) (SCH BD GTY) 5.000%, 12/01/18 1,500 1,580,970 King County School District No. 411 Issaquah (GO) (SCH BD GTY) 5.000%, 12/01/23 3,500 4,248,580 King County School District No. 412 (GO) (SCH BD GTY) 4.000%, 12/01/21 1,000 1,116,380 North Thurston Public Schools (GO) (SCH BD GTY) 5.000%, 12/01/20 2,880 3,237,926 Skagit County School District No. 103 (GO) (SCH BD GTY) 5.000%, 12/01/19 1,925 2,097,037 5.000%, 12/01/20 2,245 2,520,888 Snohomish County Public Utility District No. 1 (RB) 5.000%, 12/01/19 1,655 1,802,510 Snohomish County School District No. 15 Edmonds (GO) (SCH BD GTY) 5.000%, 12/01/20 2,555 2,872,535 Snohomish County School District No. 6 Mukilteo (GO) (SCH BD GTY) 5.000%, 12/01/18 2,000 2,107,680 Spokane County (GO) 5.000%, 12/01/22 1,025 1,206,292 FACE AMOUNT (000) VALUE+ ------ ------------ WASHINGTON -- (Continued) Tacoma Metropolitan Park District (GO) Series B 5.000%, 12/01/21 $ 150 $ 173,417 Thurston County School District No. 111 (GO) (SCH BD GTY) 5.000%, 12/01/21 425 490,960 University of Washington (RB) Series A 5.000%, 07/01/22 6,505 7,656,580 Washington State (GO) Series 2010A 5.000%, 08/01/18 500 520,555 Washington State (GO) Series 2013A 5.000%, 08/01/21 225 258,345 Washington State (GO) Series A 5.000%, 08/01/23 750 903,293 Washington State (GO) Series B 5.000%, 07/01/25 1,500 1,853,685 Washington State (GO) Series D 5.000%, 02/01/19 900 954,513 Washington State (GO) Series E 5.000%, 02/01/19 2,000 2,121,140 Washington State (GO) Series R-2012C 4.000%, 07/01/21 1,610 1,783,027 Washington State (GO) Series R-2012D 5.000%, 07/01/20 5,000 5,566,250 Washington State (GO) Series R-2013A 5.000%, 07/01/21 7,000 8,019,060 Washington State (GO) Series R-2015 5.000%, 07/01/18 1,000 1,037,760 5.000%, 07/01/22 3,720 4,378,552 Washington State (GO) Series R-2015C 5.000%, 07/01/20 2,000 2,226,500 Washington State (GO) Series R-2015E 5.000%, 07/01/21 5,000 5,727,900 Washington State (GO) Series R-C 5.000%, 07/01/19 1,750 1,883,892 Washington State (GO) Series R-D 5.000%, 07/01/23 3,800 4,568,664 ------------ TOTAL WASHINGTON 120,507,002 ------------ WEST VIRGINIA -- (0.7%) Jefferson County Board of Education (GO) (WV BD COMM) 4.000%, 05/01/20 130 139,212 DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ -------------- WEST VIRGINIA -- (Continued) West Virginia State (GO) Series A 5.000%, 06/01/19 $9,525 $ 10,213,181 -------------- TOTAL WEST VIRGINIA 10,352,393 -------------- WISCONSIN -- (1.5%) City of Milwaukee (GO) Series N1 5.000%, 02/01/19 6,220 6,591,956 City of Oshkosh (GO) Series B 3.000%, 12/01/23 445 480,952 Oregon School District (GO) 3.000%, 03/01/21 430 455,938 Sun Prairie Area School District (GO) 4.000%, 03/01/20 570 609,484 Wisconsin State (GO) Series 1 (AMBAC) 5.000%, 05/01/19 2,150 2,300,263 Wisconsin State (GO) Series 2 5.000%, 11/01/20 5,610 6,307,267 Wisconsin State (GO) Series 3 5.000%, 11/01/22 3,110 3,684,541 Wisconsin State (GO) Series C 5.000%, 05/01/20 3,295 3,646,148 -------------- TOTAL WISCONSIN 24,076,549 -------------- TOTAL MUNICIPAL BONDS 1,574,609,615 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,545,826,503)^^ $1,574,609,615 ============== DFA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Municipal Bonds -- $1,574,609,615 -- $1,574,609,615 ---- -------------- ---- -------------- TOTAL -- $1,574,609,615 -- $1,574,609,615 ==== ============== ==== ============== DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------- ----------- MUNICIPAL BONDS -- (100.0%) CALIFORNIA -- (100.0%) Alameda County Transportation Authority (RB) 5.000%, 03/01/20 $ 4,500 $ 4,964,175 Anaheim Union High School District (GO) 5.000%, 08/01/17 1,650 1,650,000 5.000%, 08/01/19 400 431,848 Bay Area Toll Authority (RB) 4.000%, 04/01/18 4,430 4,522,631 5.000%, 04/01/19 775 827,266 Bay Area Toll Authority (RB) Series F-1 (currency) 5.000%, 04/01/34 (Pre-refunded @ $100, 4/1/18) 9,585 9,847,821 (currency) 5.000%, 04/01/34 (Pre-refunded @ $100, 4/1/19) 1,000 1,068,120 (currency) 5.125%, 04/01/39 (Pre-refunded @ $100, 4/1/19) 8,125 8,695,212 (currency) 5.625%, 04/01/44 (Pre-refunded @ $100, 4/1/19) 14,075 15,178,621 Bay Area Toll Authority (RB) Series F-2 4.000%, 04/01/21 500 553,025 Berkeley Unified School District (GO) Series A 4.000%, 08/01/19 500 529,650 Berkeley Unified School District (GO) Series D 5.000%, 08/01/23 295 356,425 Berryessa Union School District (GO) (AMBAC) 5.375%, 08/01/18 380 397,457 California Educational Facilities Authority (RB) Series A 5.000%, 01/01/18 1,020 1,037,881 4.000%, 11/01/19 850 904,681 California Health Facilities Financing Authority (RB) (currency) 6.500%, 10/01/38 (Pre-refunded @ $100, 10/1/18) 17,230 18,348,055 (currency) 5.000%, 08/15/39 (Pre-refunded @ $100, 8/15/19) 6,300 6,812,568 California Health Facilities Financing Authority (RB) Series C (currency) 6.500%, 10/01/33 (Pre-refunded @ $100, 10/1/18) 9,650 10,281,978 California State (GO) 4.000%, 08/01/17 1,750 1,750,000 5.000%, 08/01/17 700 700,000 4.000%, 09/01/17 425 426,118 5.000%, 09/01/17 3,850 3,863,090 5.000%, 09/01/17 3,500 3,511,900 FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) 5.000%, 09/01/17 $ 2,595 $ 2,603,823 5.000%, 11/01/17 800 808,480 5.000%, 02/01/18 5,220 5,329,568 5.000%, 02/01/18 1,000 1,020,990 5.500%, 04/01/18 15,445 15,927,811 5.000%, 08/01/18 5,000 5,208,600 5.000%, 08/01/18 2,200 2,291,784 5.000%, 09/01/18 250 261,273 5.000%, 09/01/18 4,500 4,702,905 5.000%, 02/01/19 7,940 8,427,040 5.000%, 04/01/19 5,960 6,364,982 5.500%, 04/01/19 10,820 11,644,268 5.000%, 09/01/19 1,000 1,083,770 5.000%, 10/01/19 5,340 5,803,886 5.000%, 10/01/19 1,500 1,630,305 5.000%, 10/01/19 5,000 5,434,350 5.000%, 11/01/19 2,955 3,221,482 5.000%, 02/01/20 12,870 14,151,852 5.000%, 04/01/20 3,705 4,096,248 5.000%, 04/01/20 325 359,320 5.000%, 08/01/20 2,415 2,698,521 5.000%, 08/01/20 3,985 4,452,839 5.000%, 09/01/20 700 784,427 5.000%, 10/01/20 3,410 3,831,067 5.000%, 10/01/20 1,610 1,808,803 5.000%, 10/01/20 1,580 1,775,098 5.000%, 11/01/20 8,000 9,013,440 5.000%, 02/01/21 650 737,627 5.000%, 02/01/21 1,575 1,787,326 5.000%, 04/01/21 795 906,562 5.000%, 08/01/21 8,060 9,278,269 5.000%, 09/01/21 7,845 9,054,934 5.000%, 09/01/21 1,570 1,812,141 5.000%, 09/01/21 2,645 3,052,938 5.000%, 10/01/21 5,300 6,131,358 5.000%, 12/01/21 2,000 2,325,060 5.000%, 03/01/22 1,075 1,256,944 5.000%, 04/01/22 1,800 2,109,132 5.000%, 08/01/22 2,250 2,658,487 5.000%, 08/01/22 785 927,517 5.250%, 09/01/22 5,750 6,878,150 5.250%, 10/01/22 500 599,375 California State (GO) Series A (currency) 5.250%, 07/01/21 (Pre-refunded @ $100, 7/1/19) 4,930 5,336,380 (currency) 5.250%, 07/01/21 (Pre-refunded @ $100, 7/1/19) 2,820 3,052,453 California State (GO) Series A (ETM) 5.000%, 07/01/19 6,955 7,495,403 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) California State (GO) Series B 5.000%, 09/01/17 $ 1,200 $ 1,204,080 5.000%, 09/01/18 3,000 3,135,270 5.000%, 09/01/20 3,600 4,034,196 5.000%, 09/01/21 840 969,553 California State Department of Water Resources (RB) Series AS 5.000%, 12/01/19 1,000 1,094,220 5.000%, 12/01/22 3,355 4,012,949 California State Department of Water Resources (RB) Series AS (ETM) 5.000%, 12/01/22 35 41,605 California State Department of Water Resources Power Supply Revenue (RB) Series L 5.000%, 05/01/18 2,680 2,763,964 5.000%, 05/01/19 3,355 3,595,553 5.000%, 05/01/20 2,575 2,857,555 (currency) 5.000%, 05/01/22 (Pre-refunded @ $100, 5/1/20) 2,500 2,768,575 California State Department of Water Resources Power Supply Revenue (RB) Series M 5.000%, 05/01/18 500 515,665 4.000%, 05/01/19 1,515 1,597,446 California State Department of Water Resources Power Supply Revenue (RB) Series O 5.000%, 05/01/21 11,505 13,178,287 California State Public Works Board (RB) (currency) 6.125%, 11/01/29 (Pre-refunded @ $100, 11/1/19) 2,000 2,231,160 California State Public Works Board (RB) Series C (currency) 6.250%, 04/01/34 (Pre-refunded @ $100, 4/1/19) 2,980 3,244,296 California State Public Works Board (RB) Series H (ETM) 5.000%, 09/01/21 1,050 1,213,307 California State University (RB) Series A 5.000%, 11/01/17 1,700 1,717,510 5.000%, 11/01/17 1,000 1,010,300 5.000%, 11/01/17 2,000 2,020,600 5.000%, 11/01/18 150 157,688 5.000%, 11/01/18 1,000 1,051,250 5.000%, 11/01/18 555 583,444 5.000%, 11/01/19 3,660 3,989,217 5.000%, 11/01/19 1,000 1,089,950 5.000%, 11/01/21 2,595 3,012,354 (currency) 5.250%, 11/01/34 (Pre-refunded @ $100, 5/1/19) 9,275 9,976,654 FACE AMOUNT (000) VALUE+ ------ ----------- CALIFORNIA -- (Continued) (currency) 6.000%, 11/01/40 (Pre-refunded @ $100, 5/1/19) $2,000 $ 2,177,220 California Statewide Communities Dev. Authority (RB) (currency) 5.250%, 12/01/27 (Pre-refunded @ $100, 12/1/17) 3,605 3,657,236 (currency) 6.000%, 05/15/40 (Pre-refunded @ $100, 5/15/18) 9,090 9,458,963 (currency) 6.000%, 07/01/40 (Pre-refunded @ $100, 1/1/19) 6,135 6,578,070 California Statewide Communities Dev. Authority (RB) (CA MTG INS) (currency) 5.750%, 08/15/38 (Pre-refunded @ $100, 8/15/18) 3,000 3,150,570 California Statewide Communities Dev. Authority (RB) (FHA INS) (currency) 6.625%, 08/01/29 (Pre-refunded @ $100, 8/1/19) 2,225 2,473,888 Central Marin Sanitation Agency (RB) 3.000%, 09/01/19 1,160 1,209,544 Chabot-Las Positas Community College District (GO) 4.000%, 08/01/22 3,050 3,461,201 Chino Basin Regional Financing Authority (RB) Series A 4.000%, 08/01/17 1,000 1,000,000 Chino Valley Unified School District (GO) Series A 4.000%, 08/01/17 500 500,000 Chula Vista Elementary School District (GO) 4.000%, 08/01/17 500 500,000 City & County of San Francisco (GO) Series A 4.000%, 06/15/18 620 637,317 4.750%, 06/15/19 650 696,716 5.000%, 06/15/20 750 835,013 City & County of San Francisco (GO) Series R1 5.000%, 06/15/20 865 963,048 5.000%, 06/15/21 250 287,115 City of Long Beach Harbor Revenue (RB) Series B 5.000%, 05/15/19 815 873,215 City of Long Beach Harbor Revenue (RB) Series C 5.000%, 11/15/18 8,360 8,796,225 City of Los Angeles (GO) Series A 5.000%, 09/01/20 9,400 10,530,632 City of Los Angeles (GO) Series B 5.000%, 09/01/18 7,000 7,320,250 5.000%, 09/01/21 1,250 1,443,325 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) City of Los Angeles (RN) 5.000%, 06/28/18 $ 6,800 $ 7,057,380 City of Los Angeles Department of Airports (RB) (BHAC-CR) (currency) 5.250%, 05/15/38 (Pre-refunded @ $100, 5/15/18) 28,500 29,490,375 City of Los Angeles Solid Waste Resources Revenue (RB) Series B 5.000%, 02/01/18 1,015 1,036,406 City of Los Angeles Wastewater System Revenue (RB) Series A (currency) 5.375%, 06/01/39 (Pre-refunded @ $100, 6/1/19) 17,000 18,366,120 City of Los Angeles Wastewater System Revenue (RB) Series B 5.000%, 06/01/21 1,400 1,605,786 City of Pasadena Electric Revenue (RB) Series A 5.000%, 06/01/22 385 453,815 City of Sacramento Unified School District (GO) 5.000%, 07/01/24 1,375 1,684,746 City of San Francisco Public Utilities Commission Wastewater Revenue (RB) Series A 5.000%, 10/01/18 800 837,984 City of San Francisco Public Utilities Commission Water Revenue (RB) 5.000%, 11/01/19 5,920 6,456,648 5.000%, 11/01/20 3,825 4,312,190 5.000%, 11/01/21 1,800 2,091,114 4.000%, 11/01/22 3,000 3,425,670 5.000%, 11/01/22 500 596,285 5.000%, 11/01/23 1,835 2,235,984 City of Santa Rosa Wastewater Revenue (RB) Series A 5.000%, 09/01/21 760 875,246 City of Torrance (RN) 2.000%, 07/05/18 13,000 13,139,880 City of Tulare Sewer Revenue (RB) (AGM) 3.000%, 11/15/19 200 208,036 Colton Joint Unified School District (GO) (AGM) 4.000%, 08/01/20 1,000 1,084,580 Conejo Valley Unified School District (GO) 4.000%, 08/01/18 700 721,014 Contra Costa Water District (RB) Series Q 5.000%, 10/01/18 705 738,643 5.000%, 10/01/19 1,345 1,462,136 FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) Desert Community College District (GO) 5.000%, 08/01/21 $ 665 $ 765,801 Desert Sands Unified School District (GO) 4.000%, 08/01/18 1,375 1,418,629 Dixon Unified School District (GO) 2.000%, 08/01/18 735 743,864 Downey Unified School District (GO) Series A 3.000%, 08/01/17 1,785 1,785,000 Dublin Unified School District (GO) 5.000%, 02/01/19 11,775 12,508,229 East Bay Regional Park District (GO) Series A 4.000%, 09/01/21 210 234,219 East Side Union High School District (GO) 2.000%, 08/01/18 1,215 1,230,260 2.000%, 08/01/20 1,055 1,085,732 Eastern Municipal Water District Series H (currency) 5.000%, 07/01/33 (Pre-refunded @ $100, 7/1/18) 3,495 3,624,699 El Rancho Unified School District (GO) (AGM) 4.000%, 08/01/20 780 845,731 Folsom Cordova Unified School District School Facilities Improvement Dist No. 2 (GO) 5.000%, 10/01/17 845 850,915 Fontana Unified School District (GO) 5.000%, 08/01/18 3,140 3,271,001 5.000%, 08/01/19 1,285 1,387,312 4.000%, 08/01/20 3,620 3,931,754 4.000%, 08/01/21 530 588,146 Foothill-De Anza Community College District (GO) 4.000%, 08/01/19 550 583,512 Fort Bragg Unified School District (GO) (AGM) (currency) 5.500%, 08/01/31 (Pre-refunded @ $100, 8/1/19) 500 544,840 Fremont Unified School District/Alameda County (GO) 5.000%, 08/01/18 750 781,215 Fremont Union High School District (GO) 5.000%, 08/01/20 1,000 1,118,970 Fresno Unified School District (GO) Series A (AGM) 4.000%, 08/01/17 1,820 1,820,000 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) Gilroy Unified School District (GO) (AGM) 4.000%, 08/01/23 $ 1,900 $ 2,174,854 Glendora Unified School District (GO) 4.000%, 08/01/18 890 918,338 Grossmont Union High School District (GO) 4.000%, 08/01/20 2,420 2,629,161 Kern County Series A (AGC) (currency) 5.750%, 08/01/35 (Pre-refunded @ $100, 2/1/19) 520 557,352 Lindsay Unified School District (GO) Series A (AGC) (currency) 5.500%, 08/01/33 (Pre-refunded @ $100, 8/1/18) 1,510 1,579,234 Livermore Valley Joint Unified School District (GO) 5.000%, 08/01/20 800 891,904 Los Altos Elementary School District (GO) 5.000%, 08/01/19 975 1,053,634 4.000%, 08/01/21 1,550 1,724,546 Los Angeles Community College District (GO) 5.000%, 08/01/21 2,890 3,334,193 Los Angeles Community College District (GO) Series A 5.000%, 08/01/20 10,000 11,189,700 5.000%, 08/01/21 1,875 2,163,187 Los Angeles Community College District (GO) Series C 5.000%, 08/01/20 1,025 1,146,944 Los Angeles Community College District (GO) Series F-1 (currency) 5.000%, 08/01/33 (Pre-refunded @ $100, 8/1/18) 3,375 3,513,071 Los Angeles Community College District (GO) Series G 5.000%, 08/01/23 3,350 4,062,578 Los Angeles Convention & Exhibit Center Authority (RB) Series A (ETM) 5.000%, 08/15/17 1,125 1,126,575 Los Angeles County Metropolitan Transportation Authority (RB) Series A 5.000%, 07/01/18 4,650 4,825,165 5.000%, 07/01/19 4,000 4,307,640 5.000%, 07/01/20 3,085 3,437,214 Los Angeles County Metropolitan Transportation Authority (RB) Series B 5.000%, 07/01/18 2,040 2,116,663 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Los Angeles County Metropolitan Transportation Authority (RB) Series C 5.000%, 07/01/21 $1,400 $1,607,284 Los Angeles Department of Water (RB) Series B 5.000%, 07/01/19 1,000 1,078,100 Los Angeles Department of Water & Power (RB) Series A 5.000%, 07/01/18 2,375 2,465,796 5.000%, 07/01/18 125 129,779 5.000%, 07/01/19 3,580 3,859,598 5.000%, 07/01/21 2,000 2,299,440 5.000%, 07/01/21 1,750 2,012,010 Los Angeles Unified School District (GO) Series A 5.000%, 07/01/19 3,590 3,870,379 Los Angeles Unified School District (GO) Series A 4.000%, 07/01/18 1,000 1,029,170 5.000%, 07/01/18 3,500 3,633,805 5.000%, 07/01/21 3,500 4,025,455 Los Angeles Unified School District (GO) Series A-1 5.000%, 07/01/18 500 519,115 Los Angeles Unified School District (GO) Series A-1 (FGIC) 5.500%, 07/01/18 2,745 2,862,376 Los Angeles Unified School District (GO) Series A-2 5.000%, 07/01/21 2,200 2,530,286 Los Angeles Unified School District (GO) Series B 5.000%, 07/01/22 1,350 1,596,767 Los Angeles Unified School District (GO) Series C 5.000%, 07/01/20 1,895 2,113,096 5.000%, 07/01/22 5,560 6,576,312 5.000%, 07/01/23 2,000 2,420,980 Los Angeles Unified School District (GO) Series KRY 5.000%, 07/01/19 3,390 3,654,759 Los County Angeles (RN) 5.000%, 06/29/18 5,775 5,994,796 Manhattan Beach Unified School District (GO) Series F 4.000%, 09/01/21 500 557,450 Mount Diablo Unified School District (GO) 5.000%, 02/01/19 500 531,135 Napa Valley Unified School District (GO) Series B 3.000%, 08/01/18 1,000 1,021,850 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) New Haven Unified School District (GO) (AGM) 12.000%, 08/01/17 $ 3,965 $ 3,965,000 4.000%, 08/01/19 1,430 1,514,499 New Haven Unified School District (GO) Series B (BAM) 5.000%, 08/01/21 3,100 3,558,118 Newhall School District (GO) --%, 08/01/18 6,995 6,928,687 Oakland Unified School District/Alameda County (GO) 5.000%, 08/01/19 1,000 1,080,030 Oceanside Community Facilities District (ST) (currency) 6.250%, 09/01/38 (Pre-refunded @ $100, 9/1/18) 2,325 2,457,571 Orange County Sanitation District (RB) Series A 5.000%, 02/01/24 5,295 6,485,475 Padre Dam Municipal Water District Series A (currency) 5.250%, 10/01/34 (Pre-refunded @ $100, 10/1/19) 6,100 6,658,333 Palm Springs Unified School District (GO) Series D 2.000%, 08/01/18 3,360 3,399,514 3.000%, 08/01/20 2,185 2,313,609 Palomar Community College District (GO) 5.000%, 05/01/23 715 861,403 Pasadena Area Community College District (GO) Series D 5.000%, 08/01/17 250 250,000 Pasadena Unified School District (GO) 5.000%, 05/01/20 550 608,768 Peralta Community College District (GO) 5.000%, 08/01/17 1,000 1,000,000 5.000%, 08/01/18 1,000 1,041,420 5.000%, 08/01/19 2,220 2,400,886 Peralta Community College District (GO) Series B 5.000%, 08/01/17 1,260 1,260,000 5.000%, 08/01/22 1,845 2,185,864 Port of Los Angeles (RB) Series A 4.000%, 08/01/17 1,000 1,000,000 Poway Unified School District (GO) 3.250%, 08/01/18 1,350 1,382,967 Riverside County (RN) 2.000%, 06/29/18 25,700 25,990,410 Riverside County Transportation Commission (RB) Series A 5.000%, 06/01/18 500 517,455 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Sacramento Municipal Utility District (RB) Series B 5.000%, 08/15/17 $2,450 $2,453,454 Sacramento Municipal Utility District (RB) Series U (AGM) 5.000%, 08/15/17 620 620,874 Sacramento Municipal Utility District (RB) Series X 5.000%, 08/15/17 1,130 1,131,593 5.000%, 08/15/21 750 864,443 San Diego County Regional Transportation Commission (RB) Series A 4.000%, 04/01/18 425 434,116 5.000%, 04/01/18 1,285 1,321,019 San Diego County Water Authority Financing Corp. (CP) Series 2008 A-COPS (AGM) (currency) 5.000%, 05/01/28 (Pre-refunded @ $100, 5/1/18) 5,810 5,988,890 (currency) 5.000%, 05/01/38 (Pre-refunded @ $100, 5/1/18) 1,500 1,546,185 San Diego County Water Authority Financing Corp. (RB) 5.000%, 05/01/20 1,385 1,535,785 5.000%, 05/01/21 550 629,338 San Diego Public Facilities Financing Authority Sewer Revenue (RB) 5.000%, 05/15/22 4,425 5,220,128 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series A 5.000%, 05/15/18 350 361,592 (currency) 5.000%, 05/15/22 (Pre-refunded @ $100, 5/15/19) 1,695 1,818,582 (currency) 5.250%, 05/15/24 (Pre-refunded @ $100, 5/15/20) 1,235 1,379,791 (currency) 5.250%, 05/15/39 (Pre-refunded @ $100, 5/15/19) 3,500 3,770,655 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series B 5.000%, 05/15/18 3,650 3,770,888 San Diego Public Facilities Financing Authority Water Revenue (RB) Series A (ETM) 5.000%, 08/01/18 1,260 1,311,547 San Diego Public Facilities Financing Authority Water Revenue (RB) Series B (currency) 5.000%, 08/01/20 (Pre-refunded @ $100, 8/1/19) 1,045 1,128,422 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) San Diego Unified School District (GO) Series R-3 5.000%, 07/01/23 $ 2,000 $ 2,422,240 San Diego Unified School District (RAN) Series A 3.000%, 06/29/18 15,730 16,044,443 San Francisco Bay Area Rapid Transit District (GO) Series B (currency) 5.000%, 08/01/27 (Pre-refunded @ $100, 8/1/17) 5,085 5,085,000 San Francisco Bay Area Rapid Transit District (GO) Series C 4.000%, 08/01/19 300 318,465 San Francisco Bay Area Rapid Transit District (RB) 4.000%, 07/01/18 1,000 1,028,990 San Francisco Community College District (GO) 5.000%, 06/15/18 6,000 6,217,140 5.000%, 06/15/19 1,625 1,748,029 5.000%, 06/15/20 1,400 1,557,430 5.000%, 06/15/22 2,000 2,358,200 San Francisco Community College District (GO) Series C 4.000%, 06/15/18 485 498,371 San Francisco Unified School District (GO) 5.000%, 06/15/18 5,285 5,477,215 5.000%, 06/15/21 2,200 2,524,808 San Francisco Unified School District (GO) Series A 2.000%, 06/15/18 3,140 3,173,001 San Francisco Unified School District (GO) Series E 5.000%, 06/15/18 1,500 1,554,555 San Francisco Unified School District (GO) Series F&C 2.000%, 06/15/22 1,750 1,816,815 San Jose Evergreen Community College District (GO) 5.000%, 09/01/21 250 289,098 San Juan Unified School District (GO) 3.000%, 08/01/22 1,200 1,302,588 San Juan Unified School District (GO) Series B 2.000%, 08/01/17 1,000 1,000,000 San Leandro Unified School District (GO) Series B 4.000%, 08/01/21 265 294,073 San Luis Coastal Unified School District (GO) Series B 4.000%, 08/01/18 2,615 2,699,569 FACE AMOUNT (000) VALUE+ ------- ----------- CALIFORNIA -- (Continued) San Mateo County Community College District (GO) 4.000%, 09/01/18 $ 775 $ 801,815 4.000%, 09/01/21 1,310 1,461,633 San Ramon Valley Unified School District (GO) 4.000%, 08/01/21 4,225 4,700,777 Santa Clara County (GO) Series B 5.000%, 08/01/18 5,000 5,209,100 Santa Clara County Financing Authority (RB) Series A 5.000%, 02/01/19 3,610 3,830,318 Santa Clara Valley Transportation Authority (RB) Series B 5.000%, 04/01/18 8,215 8,445,266 Santa Margarita-Dana Point Authority (RB) Series B (GO OF DIST) 4.000%, 08/01/17 1,000 1,000,000 Santa Monica Community College District (GO) Series A 5.000%, 08/01/19 315 340,405 Saugus Union School District School Facilities Improvement District No. 2014-1 (GO) Series A 5.000%, 08/01/17 1,580 1,580,000 Sequoia Union High School District (RAN) 3.000%, 06/29/18 7,785 7,936,885 Solano County Community College District (GO) Series A 5.000%, 08/01/17 615 615,000 Sonoma County (RB) Series A 5.000%, 09/01/19 6,035 6,539,224 Sonoma County (RB) Series A (NATL) (currency) 5.000%, 09/01/25 (Pre-refunded @ $100, 9/1/17) 3,625 3,636,817 South Bay Union School District/San Diego County (GO) Series A (AGC) (currency) 6.000%, 08/01/23 (Pre-refunded @ $100, 8/1/19) 700 770,406 South San Francisco Unified School District (GO) Series G (ETM) 3.500%, 07/01/18 27,075 27,712,075 Southern California Public Power Authority (RB) 5.000%, 07/01/18 1,135 1,178,073 5.000%, 07/01/18 1,475 1,530,976 5.000%, 07/01/20 1,175 1,309,150 Southwestern Community College District (GO) 5.000%, 08/01/19 2,230 2,407,553 DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------- ------------ CALIFORNIA -- (Continued) Southwestern Community College District (GO) Series A 5.500%, 08/01/17 $ 275 $ 275,000 Sweetwater Union High School District (GO) (ETM) 5.000%, 01/01/18 1,750 1,780,012 Tustin Unified School District (GO) Series B (currency) 6.000%, 08/01/36 (Pre-refunded @ $100, 8/1/21) 1,500 1,787,115 Union Elementary School District (GO) Series A 3.000%, 09/01/18 1,130 1,157,357 University of California (RB) Series O (currency) 5.750%, 05/15/25 (Pre-refunded @ $100, 5/15/19) 2,000 2,170,440 (currency) 5.250%, 05/15/39 (Pre-refunded @ $100, 5/15/19) 1,615 1,738,386 Upland Unified School District 5.000%, 08/01/26 1,450 1,509,320 Ventura County 4.000%, 07/02/18 35,000 36,008,350 West Contra Costa Unified School District (GO) (AGM) 5.000%, 08/01/17 1,585 1,585,000 5.000%, 08/01/18 1,415 1,474,034 5.000%, 08/01/20 820 916,006 5.000%, 08/01/21 2,350 2,705,202 West Contra Costa Unified School District (GO) (ASSURED GTY) 5.000%, 08/01/17 550 550,000 West Contra Costa Unified School District (GO) Series A 4.000%, 08/01/18 2,135 2,202,978 West Contra Costa Unified School District (GO) Series B 6.000%, 08/01/21 1,000 1,190,110 Westlands Water District (RB) Series A (AGM) 4.000%, 09/01/20 1,045 1,137,117 Whittier Union High School District (GO) Series C 2.000%, 08/01/18 1,480 1,498,589 Yolo County Washington Unified School District (GO) 4.000%, 08/01/20 1,000 1,084,270 Yosemite Community College District (GO) 1.000%, 08/01/17 1,850 1,850,000 ------------ TOTAL MUNICIPAL BONDS 985,735,364 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $978,547,567)^^ $985,735,364 ============ DFA CALIFORNIA SHORT-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Municipal Bonds -- $985,735,364 -- $985,735,364 ---- ------------ ---- ------------ TOTAL -- $985,735,364 -- $985,735,364 ==== ============ ==== ============ DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ---------- MUNICIPAL BONDS -- (100.0%) CALIFORNIA -- (100.0%) Albany Unified School District (GO) 4.000%, 08/01/21 $ 240 $ 266,330 Alhambra Unified School District (GO) Series A (ASSURED GTY) 5.250%, 08/01/18 375 391,763 Alum Rock Union Elementary School District (GO) Series A 5.000%, 09/01/21 730 840,697 Amador County Unified School District (GO) 4.000%, 08/01/19 385 407,122 Anaheim Union High School District (GO) 5.000%, 08/01/19 855 923,075 Antelope Valley Community College District (GO) Series A 5.000%, 08/01/24 850 1,045,576 Antelope Valley Union High School District (GO) 4.000%, 08/01/21 500 552,795 5.000%, 08/01/22 1,650 1,936,440 Azusa Unified School District (GO) 4.000%, 07/01/21 400 442,824 5.000%, 07/01/21 425 486,697 Bay Area Toll Authority (RB) 4.000%, 04/01/18 500 510,455 Bay Area Toll Authority (RB) Series F-1 (currency) 5.000%, 04/01/34 (Pre-refunded @ $100, 4/1/18) 1,600 1,643,872 (currency) 5.125%, 04/01/39 (Pre-refunded @ $100, 4/1/19) 3,450 3,692,121 Berkeley Unified School District (GO) 5.000%, 08/01/19 325 350,675 Berkeley Unified School District (GO) Series D 5.000%, 08/01/23 600 724,932 Berryessa Union School District (GO) (AMBAC) 5.375%, 08/01/18 200 209,188 Buena Park School District (GO) (AGM) 2.500%, 08/01/21 75 78,731 Butte-Glenn Community College District (GO) 2.500%, 08/01/20 550 573,447 California Health Facilities Financing Authority (RB) Series C (currency) 6.500%, 10/01/33 (Pre-refunded @ $100, 10/1/18) 1,000 1,065,490 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) California State (GO) 5.000%, 02/01/18 $ 400 $ 408,396 5.000%, 09/01/18 575 600,927 5.000%, 10/01/18 250 262,138 5.000%, 04/01/19 2,000 2,135,900 5.500%, 04/01/19 2,605 2,803,449 5.000%, 09/01/19 1,795 1,945,367 3.125%, 10/01/19 100 104,685 5.000%, 10/01/19 500 543,435 5.000%, 10/01/19 1,000 1,086,870 4.000%, 11/01/19 135 144,183 5.000%, 11/01/19 835 910,300 5.000%, 02/01/20 1,200 1,319,520 5.250%, 02/01/20 500 552,875 5.000%, 04/01/20 900 995,040 5.000%, 08/01/20 1,000 1,117,400 5.000%, 09/01/20 1,000 1,120,610 5.000%, 10/01/20 1,375 1,544,785 5.000%, 10/01/20 4,040 4,538,859 5.000%, 11/01/20 750 845,010 4.000%, 12/01/20 750 822,675 5.000%, 12/01/20 1,240 1,400,617 5.000%, 02/01/21 700 794,367 5.000%, 04/01/21 475 541,657 5.000%, 08/01/21 1,750 2,014,512 5.000%, 08/01/21 3,500 4,029,025 5.000%, 09/01/21 3,705 4,276,422 5.000%, 09/01/21 175 201,990 5.000%, 09/01/21 460 530,946 5.000%, 10/01/21 200 231,372 5.000%, 02/01/22 2,195 2,560,994 5.000%, 04/01/22 940 1,101,436 5.000%, 08/01/22 1,250 1,476,937 4.000%, 09/01/22 525 595,812 5.250%, 09/01/22 2,385 2,852,937 5.250%, 10/01/22 2,380 2,853,025 5.000%, 12/01/22 1,245 1,482,770 5.000%, 02/01/23 1,150 1,373,583 5.000%, 09/01/23 1,635 1,976,780 5.000%, 10/01/23 100 121,046 5.000%, 11/01/23 875 1,060,955 5.000%, 09/01/24 1,000 1,228,150 5.000%, 08/01/26 1,000 1,250,500 California State (GO) Series A (ETM) 4.400%, 07/01/18 410 423,370 5.000%, 07/01/19 1,400 1,508,780 California State (GO) Series B 5.000%, 09/01/21 1,060 1,223,484 5.000%, 09/01/21 1,700 1,962,191 5.000%, 09/01/23 2,285 2,762,656 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) California State Department of Water Resources (RB) Series AR 5.000%, 12/01/22 $3,210 $3,839,513 5.000%, 12/01/23 900 1,099,800 California State Department of Water Resources (RB) Series AS 5.000%, 12/01/19 530 579,937 5.000%, 12/01/22 1,485 1,776,223 5.000%, 12/01/24 1,000 1,242,000 California State Department of Water Resources (RB) Series AS (ETM) 5.000%, 12/01/19 15 16,370 5.000%, 12/01/22 15 17,831 California State Department of Water Resources Power Supply Revenue (RB) Series L 5.000%, 05/01/18 745 768,341 5.000%, 05/01/19 925 991,322 5.000%, 05/01/20 3,380 3,750,887 (currency) 5.000%, 05/01/22 (Pre-refunded @ $100, 5/1/20) 610 675,532 California State Department of Water Resources Power Supply Revenue (RB) Series M 4.000%, 05/01/19 455 479,761 California State Department of Water Resources Power Supply Revenue (RB) Series O 5.000%, 05/01/21 3,640 4,169,402 California State Public Works Board (RB) (ETM) 5.000%, 09/01/20 1,000 1,120,930 California State Public Works Board (RB) Series F (ETM) 5.000%, 10/01/20 500 561,075 California State Public Works Board (RB) Series H (ETM) 5.000%, 09/01/21 1,740 2,010,622 California State University (RB) Series A 5.000%, 11/01/18 2,500 2,628,125 5.000%, 11/01/19 450 490,478 5.000%, 11/01/19 3,000 3,269,850 5.000%, 11/01/20 685 771,310 5.000%, 11/01/25 1,015 1,274,292 5.000%, 11/01/25 2,000 2,510,920 California State University (RB) Series C (AGM) 5.000%, 11/01/22 100 119,033 California Statewide Communities Dev. Authority (RB) (currency) 6.000%, 06/01/33 (Pre-refunded @ $100, 6/1/21) 1,295 1,531,117 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Capistrano Unified School District School Facilities Improvement District No. 1 (GO) 4.000%, 08/01/22 $ 170 $ 192,039 Central Marin Sanitation Agency (RB) 4.000%, 09/01/21 1,425 1,588,134 Chabot-Las Positas Community College District (GO) 5.000%, 08/01/22 900 1,064,835 4.000%, 08/01/23 1,970 2,268,416 Chaffey Community College District (GO) Series E 4.000%, 06/01/22 335 378,697 Chino Hills Financing Authority (RB) 4.000%, 06/01/18 500 513,635 Chino Valley Unified School District (GO) Series A 4.000%, 08/01/21 200 222,440 Chula Vista Elementary School District (GO) 5.000%, 08/01/22 1,835 2,151,629 City & County of San Francisco (GO) Series A 4.750%, 06/15/19 545 584,169 5.000%, 06/15/20 1,715 1,909,395 5.000%, 06/15/22 2,200 2,596,308 City & County of San Francisco (GO) Series B 4.000%, 06/15/20 800 868,120 City & County of San Francisco (GO) Series C 5.000%, 06/15/20 575 640,176 City & County of San Francisco (GO) Series D 5.000%, 06/15/20 2,000 2,226,700 City & County of San Francisco (GO) Series R1 5.000%, 06/15/20 500 556,675 5.000%, 06/15/21 2,315 2,658,685 City of Long Beach Harbor Revenue (RB) Series B 5.000%, 05/15/19 250 267,858 City of Long Beach Harbor Revenue (RB) Series C 5.000%, 11/15/18 500 526,090 City of Los Angeles (GO) Series A 4.000%, 09/01/18 780 807,331 5.000%, 09/01/20 445 498,525 City of Los Angeles (GO) Series B 5.000%, 09/01/19 600 650,130 City of Pasadena Electric Revenue (RB) Series A 5.000%, 06/01/22 1,000 1,178,740 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) City of Riverside Water Revenue (RB) Series A 5.000%, 10/01/18 $ 300 $ 314,889 City of Sacramento Unified School District (GO) 5.000%, 07/01/18 300 311,496 5.000%, 07/01/24 1,800 2,205,486 City of San Francisco Public Utilities Commission Water Revenue (RB) 5.000%, 11/01/21 865 1,004,896 5.000%, 11/01/22 1,335 1,592,081 City of San Francisco Public Utilities Commission Water Revenue (RB) Series B 5.000%, 11/01/19 420 458,073 City of San Francisco Public Utilities Commission Water Revenue (RB) Series F (currency) 5.000%, 11/01/23 (Pre-refunded @ $100, 11/1/20) 1,000 1,127,020 (currency) 5.500%, 11/01/30 (Pre-refunded @ $100, 11/1/20) 1,000 1,142,940 Coachella Valley Unified School District (GO) (BAM) 4.000%, 08/01/22 825 923,464 Colton Joint Unified School District (GO) 5.000%, 08/01/21 900 1,031,859 Conejo Valley Unified School District (GO) 2.000%, 08/01/18 2,350 2,374,134 4.000%, 08/01/18 115 118,452 Contra Costa CA Transportation Authority (RB) Series B (currency) 5.000%, 03/01/23 (Pre-refunded @ $100, 3/1/20) 500 550,765 Contra Costa Water District (RB) Series Q 5.000%, 10/01/18 220 230,498 Culver City School Facilities Financing Authority (RB) (AGM) 5.500%, 08/01/26 855 1,110,842 Cupertino Union School District (GO) Series B 4.000%, 08/01/21 400 445,044 Davis Joint Unified School District (GO) 5.000%, 08/01/18 420 437,522 Davis Joint Unified School District Community Facilities District (ST) (AGM) 3.000%, 08/15/22 1,000 1,076,490 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Davis Joint Unified School District Community Facilities District No. 2 (ST) (AGM) 3.000%, 08/15/19 $ 500 $ 519,150 Dublin Unified School District (GO) 5.000%, 02/01/19 425 451,465 5.000%, 08/01/22 875 1,034,320 5.000%, 08/01/23 1,665 2,010,621 East Side Union High School District (GO) 4.000%, 08/01/21 600 667,818 East Side Union High School District (GO) Series D 3.000%, 08/01/19 825 858,833 El Rancho Unified School District (GO) (AGM) 4.000%, 08/01/21 1,285 1,422,803 Enterprise Elementary School District (GO) 4.000%, 09/01/19 500 531,190 Fallbrook Union Elementary School District (GO) Series A 5.000%, 08/01/20 200 223,102 Fontana Unified School District (GO) 5.000%, 08/01/19 600 647,772 4.000%, 08/01/21 1,585 1,758,890 4.000%, 08/01/22 875 989,336 Fountain Valley Public Finance Authority (RB) Series A 5.000%, 07/01/24 250 305,950 Fresno Unified School District (GO) Series A (AGM) 4.500%, 08/01/20 480 528,394 Gilroy Unified School District (GO) (AGM) 4.000%, 08/01/24 2,615 3,019,384 Grossmont Union High School District (GO) Series A 5.000%, 08/01/18 200 208,446 Hacienda La Puente Unified School District (GO) (NATL-RE) 5.000%, 08/01/23 225 272,282 Huntington Beach Public Financing Authority (RB) 4.000%, 09/01/18 200 206,898 Jurupa Unified School District (GO) (AGM) 4.000%, 08/01/18 235 242,553 5.000%, 08/01/20 725 808,288 Kern High School District (GO) (AGM) 5.000%, 08/01/19 250 270,113 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Kern High School District (GO) Series A 3.000%, 08/01/20 $3,885 $4,112,467 Kern High School District (GO) Series E 2.000%, 08/01/19 1,350 1,378,741 2.000%, 08/01/20 2,435 2,505,932 3.000%, 08/01/21 465 499,247 Lakeside Union School District/San Diego County (GO) 5.000%, 08/01/23 695 836,606 Lancaster Financing Authority (NATL) (ETM) 5.250%, 02/01/20 540 596,543 Liberty Union High School District (GO) 5.000%, 08/01/20 380 424,851 4.000%, 08/01/21 500 556,515 Lompoc Unified School District (GO) (ASSURED GTY) 5.250%, 08/01/20 540 606,344 Long Beach Unified School District (GO) 5.000%, 08/01/20 1,500 1,674,210 Los Altos Elementary School District (GO) 4.000%, 08/01/21 250 278,153 Los Angeles Community College District (GO) Series A 5.000%, 08/01/23 340 412,321 Los Angeles Community College District (GO) Series C 5.000%, 08/01/19 950 1,027,605 5.000%, 08/01/25 1,240 1,552,034 5.000%, 06/01/26 2,500 3,159,525 Los Angeles Community College District (GO) Series G 5.000%, 08/01/23 650 788,261 Los Angeles Convention & Exhibit Center Authority (RB) Series A (ETM) 4.500%, 08/15/18 300 311,208 Los Angeles County Metropolitan Transportation Authority (RB) 5.000%, 07/01/20 300 334,800 Los Angeles County Metropolitan Transportation Authority (RB) Series A 5.000%, 07/01/18 665 689,991 5.000%, 07/01/19 1,000 1,076,910 5.000%, 07/01/20 830 924,761 5.000%, 07/01/21 520 596,991 5.000%, 07/01/27 3,165 4,021,291 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Los Angeles County Metropolitan Transportation Authority (RB) Series B 5.000%, 06/01/19 $ 370 $ 397,295 5.000%, 06/01/20 500 555,620 5.000%, 07/01/20 525 584,777 Los Angeles County Metropolitan Transportation Authority (RB) Series C 5.000%, 07/01/20 525 584,777 Los Angeles Department of Water (RB) Series B 5.000%, 07/01/20 500 557,545 5.000%, 07/01/22 435 514,057 Los Angeles Department of Water & Power (RB) Series A 5.000%, 07/01/19 1,195 1,288,329 5.000%, 07/01/19 370 398,897 5.000%, 07/01/20 600 669,054 5.000%, 07/01/21 1,650 1,897,038 5.000%, 07/01/21 1,000 1,149,720 5.000%, 07/01/21 2,950 3,391,674 Los Angeles Department of Water & Power (RB) Series D 4.000%, 07/01/19 1,000 1,059,190 Los Angeles Unified School District (GO) Series A 3.000%, 07/01/20 790 835,686 5.000%, 07/01/20 150 167,264 5.000%, 07/01/20 900 1,003,581 2.000%, 07/01/22 1,210 1,258,376 Los Angeles Unified School District (GO) Series A-1 5.000%, 07/01/21 1,710 1,966,722 Los Angeles Unified School District (GO) Series A-2 5.000%, 07/01/21 875 1,006,364 Los Angeles Unified School District (GO) Series C 5.000%, 07/01/22 500 591,395 5.000%, 07/01/23 3,050 3,691,994 Los Angeles Unified School District (GO) Series I 5.000%, 07/01/19 750 808,575 Los Angeles Unified School District (GO) Series KRY 5.000%, 07/01/18 750 778,673 Los Rios Community College District (GO) 5.000%, 08/01/19 2,965 3,201,073 Los Rios Community College District (GO) Series B 5.000%, 08/01/23 510 615,213 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Lynwood Unified School District (GO) (AGM) 5.000%, 08/01/21 $ 450 $ 514,985 5.000%, 08/01/22 485 569,453 Manhattan Beach Unified School District (GO) Series C 3.500%, 09/01/21 1,185 1,297,599 Manhattan Beach Unified School District (GO) Series E 3.000%, 09/01/22 560 608,933 Merced Union High School District (GO) Series A (ASSURED GTY) 4.000%, 08/01/18 250 258,035 Metropolitan Water District of Southern California (RB) Series A 5.000%, 07/01/19 1,090 1,175,347 Montebello Unified School District (GO) 5.000%, 08/01/20 415 462,156 Moreland School District (GO) Series B 5.000%, 08/01/21 500 574,730 Moreno Valley Public Financing Authority (RB) 5.000%, 11/01/20 1,470 1,643,210 Morongo Unified School District (GO) 3.000%, 08/01/22 480 519,576 Mount Diablo Unified School District (GO) 3.250%, 08/01/19 500 522,870 3.000%, 08/01/24 800 878,280 New Haven Unified School District (GO) (ASSURED GTY) 5.000%, 08/01/19 95 102,485 New Haven Unified School District (GO) (ETM) (ASSURED GTY) 5.000%, 08/01/19 Prerefunded 55 59,391 Oakland Joint Powers Financing Authority (RB) Series B (ASSURED GTY) 4.500%, 08/01/18 500 518,185 Oakland Unified School District/Alameda County (GO) 5.000%, 08/01/20 1,005 1,122,354 5.000%, 08/01/22 1,300 1,536,704 5.000%, 08/01/24 900 1,107,081 Oakland Unified School District/Alameda County (GO) Series A 5.000%, 08/01/21 610 702,202 4.000%, 08/01/22 350 396,823 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) Oakland Unified School District/Alameda County (GO) Series C 5.000%, 08/01/20 $ 255 $ 284,776 Oxnard Union High School District (GO) 4.000%, 08/01/21 320 354,845 4.000%, 08/01/22 500 565,080 Palm Springs Unified School District (GO) 5.000%, 08/01/19 500 540,325 Palomar Community College District (GO) 5.000%, 05/01/21 965 1,104,201 Piedmont unified School District (GO) 3.000%, 08/01/20 845 893,706 Plumas Unified School District (GO) (AGM) 5.250%, 08/01/21 800 925,656 Porterville Unified School District Facilities Improvement District (GO) Series B (AGM) 5.000%, 08/01/18 450 468,914 5.000%, 08/01/19 325 350,204 Poway Unified School District (GO) 5.000%, 08/01/19 200 215,924 Rancho Santiago Community College District (GO) (AGM) 5.250%, 09/01/20 500 564,570 Redlands Financing Authority (RB) Series A 5.000%, 09/01/22 1,290 1,522,393 Saddleback Valley Unified School District (GO) 5.000%, 08/01/22 465 551,155 San Diego County Regional Transportation Commission (RB) Series A 5.000%, 04/01/18 265 272,428 San Diego County Water Authority Financing Corp (RB) Series A (currency) 5.250%, 05/01/23 (Pre-refunded @ $100, 11/1/19) 1,395 1,527,553 San Diego County Water Authority Financing Corp. (RB) 5.000%, 05/01/21 310 354,718 San Diego Public Facilities Financing Authority Sewer Revenue (RB) 5.000%, 05/15/22 700 825,783 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series A 4.000%, 05/15/20 3,000 3,250,710 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) (currency) 5.250%, 05/15/24 (Pre-refunded @ $100, 5/15/20) $1,975 $2,206,549 (currency) 5.375%, 05/15/34 (Pre-refunded @ $100, 5/15/19) 650 701,695 San Diego Public Facilities Financing Authority Sewer Revenue (RB) Series B (currency) 5.500%, 05/15/23 (Pre-refunded @ $100, 5/15/19) 500 540,870 San Diego Public Facilities Financing Authority Water Revenue (RB) Series A (currency) 5.000%, 08/01/23 (Pre-refunded @ $100, 8/1/20) 2,690 3,006,640 San Diego Unified School District (GO) Series C-2 (AGM) 5.500%, 07/01/21 600 701,790 5.500%, 07/01/25 2,550 3,286,210 San Diego Unified School District (GO) Series R-3 5.000%, 07/01/20 435 485,195 5.000%, 07/01/21 1,705 1,961,688 San Dieguito Union High School District (GO) Series A-2 5.000%, 08/01/23 490 593,596 San Francisco Bay Area Rapid Transit District (GO) Series C 4.000%, 08/01/19 325 345,004 San Francisco City & County Airport Comm-San Francisco International Airport (RB) (currency) 5.000%, 05/01/21 (Pre-refunded @ $100, 5/1/20) 540 598,012 San Francisco City & County Airport Comm-San Francisco International Airport (RB) Series D (currency) 5.000%, 05/01/23 (Pre-refunded @ $100, 5/3/21) 875 1,001,402 San Francisco Community College District (GO) 5.000%, 06/15/20 2,100 2,336,145 5.000%, 06/15/22 2,070 2,440,737 5.000%, 06/15/23 3,775 4,551,970 5.000%, 06/15/24 1,365 1,673,599 San Francisco Community College District (GO) Series D 5.000%, 06/15/20 600 667,470 San Francisco Municipal Transportation Agency (RB) Series A 5.000%, 03/01/20 860 949,173 San Francisco Unified School District (GO) 5.000%, 06/15/20 725 806,961 FACE AMOUNT (000) VALUE+ ------ ---------- CALIFORNIA -- (Continued) 5.000%, 06/15/21 $ 230 $ 263,957 San Francisco Unified School District (GO) Series F&C 2.000%, 06/15/22 1,580 1,640,324 San Joaquin County Transportation Authority (RB) Series A (currency) 6.000%, 03/01/36 (Pre-refunded @ $100, 3/1/21) 335 392,560 San Jose Evergreen Community College District (GO) 5.000%, 09/01/21 1,750 2,023,682 San Juan Unified School District (GO) 3.000%, 08/01/22 1,480 1,606,525 5.000%, 08/01/22 800 945,664 3.000%, 08/01/24 610 667,566 3.000%, 08/01/25 1,475 1,610,847 3.000%, 08/01/26 2,135 2,320,958 San Lorenzo Unified School District (GO) 5.000%, 08/01/21 265 303,936 San Ramon Valley Unified School District (GO) 4.000%, 08/01/21 1,500 1,668,915 Santa Ana Unified School District (GO) Series A 5.000%, 08/01/18 275 286,473 Santa Cruz City High School District (GO) 4.000%, 08/01/22 715 810,653 Santa Monica Community College District (GO) Series A 5.000%, 08/01/22 225 266,209 Santa Monica Public Financing Authority (RB) Series B 4.000%, 12/01/19 175 187,257 South San Francisco Unified School District (GO) Series G (ETM) 3.500%, 07/01/18 5,600 5,731,768 Southern California Public Power Authority (RB) 5.000%, 07/01/18 250 259,488 5.000%, 07/01/18 150 155,693 4.000%, 07/01/19 575 608,695 Standard Elementary School District (GO) Series A 4.000%, 08/01/24 240 274,894 Stockton Unified School District (GO) (AGM) 5.000%, 07/01/20 150 166,577 Sweetwater Union High School District (GO) (ETM) 5.000%, 01/01/18 1,200 1,220,580 DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ------------ CALIFORNIA -- (Continued) Tahoe Forest Hospital District (GO) 4.000%, 08/01/20 $ 295 $ 320,405 Tustin Unified School District (GO) (currency) 5.250%, 08/01/31 (Pre-refunded @ $100, 8/1/21) 415 482,301 Upland Unified School District (GO) Series A 5.000%, 08/01/21 500 574,310 Vista Unified School District (GO) 5.000%, 08/01/19 200 216,048 West Contra Costa Unified School District (GO) 5.000%, 08/01/21 430 494,995 West Contra Costa Unified School District (GO) (AGM) 5.000%, 08/01/20 100 111,708 West Contra Costa Unified School District (GO) Series A 5.000%, 08/01/24 1,095 1,346,949 West Contra Costa Unified School District (GO) Series B 6.000%, 08/01/20 1,475 1,691,087 West Covina Unified School District (GO) (AGM) 5.000%, 08/01/21 385 440,436 Western Riverside County Regional Wastewater Authority (RB) (ASSURED GTY) 5.000%, 09/01/19 250 270,458 Westside Union School District (GO) Series A 3.000%, 08/01/21 300 321,243 4.000%, 08/01/23 700 802,564 Whittier Union High School District (GO) Series C 2.000%, 08/01/19 645 658,861 Wright Elementary School District (GO) Series A 3.000%, 08/01/20 165 173,760 Yolo County Washington Unified School District (GO) 4.000%, 08/01/19 450 476,316 Yosemite Union High School District (GO) (AGM) 4.000%, 08/01/19 395 418,021 Yuba Community College District (GO) Series B 4.000%, 08/01/21 355 394,536 ------------ TOTAL MUNICIPAL BONDS 323,201,386 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $316,267,419)^^ $323,201,386 ============ DFA CALIFORNIA INTERMEDIATE-TERM MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Municipal Bonds -- $323,201,386 -- $323,201,386 -- ------------ -- ------------ TOTAL -- $323,201,386 -- $323,201,386 == ============ == ============ DFA NY MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ---------- MUNICIPAL BONDS -- (100.0%) NEW YORK -- (100.0%) Albany County (GO) 5.000%, 06/01/21 $ 370 $ 422,740 Albany County (GO) Series B 4.000%, 11/01/17 500 503,930 Albany Industrial Development Agency (RB) Series A (currency) 5.750%, 11/15/22 (Pre-refunded @ $100, 11/15/17) 1,510 1,530,778 Albany Industrial Development Agency (RB) Series E (currency) 5.250%, 11/15/22 (Pre-Refunded @ $100, 11/15/17) 860 870,621 Amherst Central School District (GO) (ST AID WITHHLDG) 3.000%, 06/15/18 350 356,573 Ardsley Union Free School District (GO) (ST AID WITHHLDG) 3.000%, 11/01/18 200 205,386 2.250%, 08/15/23 290 302,502 Arlington Central School District (GO) Series B (ST AID WITHHLDG) 4.000%, 12/15/17 400 404,764 Babylon Union Free School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/20 290 297,178 Bethpage Union Free School District (GO) (ST AID WITHHLDG) 4.000%, 02/01/18 275 279,389 Brewster Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/01/19 100 102,046 City of New York (GO) 5.000%, 08/01/18 75 78,045 City of New York (GO) Series 1 3.000%, 08/01/17 350 350,000 City of New York (GO) Series A 5.000%, 08/01/17 500 500,000 5.000%, 08/01/18 250 260,150 5.000%, 08/01/23 1,200 1,439,916 5.000%, 08/01/24 620 754,844 5.000%, 08/01/25 220 270,912 City of New York (GO) Series B 5.000%, 08/01/17 830 830,000 5.000%, 08/01/17 100 100,000 5.000%, 08/01/18 185 192,511 5.000%, 08/01/18 115 119,669 5.000%, 08/01/19 115 124,038 5.000%, 08/01/21 1,000 1,146,930 FACE AMOUNT (000) VALUE+ ------ ---------- NEW YORK -- (Continued) City of New York (GO) Series E 5.000%, 08/01/17 $ 150 $ 150,000 5.000%, 08/01/18 195 202,917 5.000%, 08/01/19 1,050 1,132,519 5.000%, 08/01/21 625 716,831 City of New York (GO) Series F 5.000%, 08/01/17 500 500,000 5.000%, 08/01/21 300 344,079 City of New York (GO) Series F-1 5.000%, 06/01/21 300 342,519 City of New York (GO) Series G 5.000%, 08/01/17 750 750,000 City of New York (GO) Series I-Subseries 1-I 5.000%, 03/01/22 265 308,563 City of New York (GO) Series J 5.000%, 08/01/19 150 161,789 City of New York (GO) Series J7 5.000%, 08/01/20 350 389,879 City of Rochester (BAN) Series 3 2.500%, 08/02/18 350 355,513 City of Rochester (GO) Series I 5.000%, 08/15/17 160 160,224 4.000%, 10/15/21 675 749,830 County Of Cattaraugus (GO) (ASSURED GTY) 4.000%, 09/15/17 250 250,930 County of Columbia (GO) Series A (AGM) 2.000%, 02/01/19 275 279,232 County of Onondaga (GO) 5.000%, 05/15/19 115 123,427 East Islip Union Free School District (GO) (ST AID WITHHLDG) 4.000%, 07/01/19 240 253,877 Eastport-South Manor Central School District (GO) (ST AID WITHHLDG) 4.000%, 08/01/23 500 573,875 Haverstraw-Stony Point Central School District (GO) (ST AID WITHHLDG) 3.000%, 08/15/22 200 216,006 3.000%, 08/15/23 360 390,820 Herricks Union Free School District (GO) (ST AID WITHHLDG) 4.000%, 06/15/21 150 165,881 Hilton Central School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/21 450 463,216 DFA NY MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- NEW YORK -- (Continued) Lindenhurst Union Free School District (GO) (ST AID WITHHLDG) 2.250%, 09/01/23 $ 195 $ 201,509 Liverpool Central School District (GO) (ST AID WITHHLDG) 4.000%, 06/15/18 150 154,110 Longwood Central School District Suffolk County (GO) (ST AID WITHHLDG) 2.000%, 06/15/21 1,195 1,231,005 Metropolitan Transportation Authority (RB) Series A 5.000%, 11/15/21 1,000 1,155,910 Metropolitan Transportation Authority (RB) Series B (currency) 5.000%, 11/15/20 (Pre-refunded @ $100, 11/15/17) 750 758,955 Metropolitan Transportation Authority (RB) Series C 4.000%, 11/15/17 730 736,760 Middle Country Central School District (GO) (ST AID WITHHLDG) 2.000%, 08/15/21 500 512,915 Middletown City School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/20 500 510,665 5.000%, 09/15/24 130 157,862 Nassau County Interim Finance Authority (RB) Series A 5.000%, 11/15/21 505 586,254 New Rochelle City School District (GO) (ST AID WITHHLDG) 4.000%, 06/01/18 475 487,431 4.000%, 06/01/20 300 323,718 New York City Transitional Finance Authority Future Tax Secured Revenue (RB) (currency) 5.250%, 11/01/27 (Pre-refunded @ $100, 11/1/18) 485 510,734 New York City Transitional Finance Authority Future Tax Secured Revenue (RB) Series F-1 (currency) 5.000%, 05/01/24 (Pre-refunded @ $100, 5/1/18) 750 773,265 New York City Transitional Finance Authority Future Tax Secured Revenue (RB) Series G (ETM) 5.000%, 11/01/17 250 252,543 New York City Water & Sewer System (RB) Series AA (currency) 5.000%, 06/15/20 (Pre-refunded @ $100, 6/15/18) 750 777,007 FACE AMOUNT (000) VALUE+ ------ ---------- NEW YORK -- (Continued) New York State (GO) Series A 4.000%, 03/01/18 $ 100 $ 101,864 5.000%, 03/15/18 550 564,316 New York State (GO) Series C 5.000%, 04/15/22 600 705,084 New York State Dormitory Authority (RB) (currency) 6.250%, 12/01/37 (Pre-refunded @ $100, 12/1/18) 1,000 1,070,300 New York State Dormitory Authority (RB) (AGM ST INTERCEPT) (currency) 5.250%, 08/15/20 (Pre-refunded @ $100, 8/15/18) 360 376,146 New York State Dormitory Authority (RB) (BHAC-CR) (currency) 5.000%, 07/01/38 (Pre-refunded @ $100, 7/1/18) 345 357,900 New York State Dormitory Authority (RB) Series A 5.000%, 02/15/18 525 536,823 5.000%, 03/15/18 100 102,596 5.000%, 03/15/19 1,400 1,492,372 5.000%, 07/01/20 395 439,011 (currency) 5.000%, 07/01/21 (Pre-refunded @ $100, 7/1/19) 455 489,721 5.000%, 12/15/21 150 174,107 5.000%, 10/01/22 475 564,537 4.000%, 12/15/22 100 113,784 5.000%, 12/15/22 500 594,735 5.000%, 03/15/23 650 777,907 5.000%, 03/15/23 200 239,356 (currency) 5.500%, 07/01/25 (Pre-refunded @ $100, 7/1/20) 900 1,012,860 New York State Dormitory Authority (RB) Series A-GROUP A 5.000%, 03/15/19 270 287,815 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/20 2,075 2,281,566 5.000%, 02/15/22 1,000 1,165,730 5.000%, 02/15/24 455 551,860 5.000%, 02/15/25 550 676,076 (currency) 5.000%, 07/01/38 (Pre-refunded @ $100, 7/1/18) 400 414,956 New York State Dormitory Authority (RB) Series B (AGC) (currency) 5.000%, 07/01/23 (Pre-refunded @ $100, 7/1/18) 450 466,825 New York State Dormitory Authority (RB) Series C 4.000%, 03/15/18 200 203,966 5.000%, 03/15/19 150 159,897 5.000%, 03/15/20 300 330,750 DFA NY MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- NEW YORK -- (Continued) New York State Dormitory Authority (RB) Series C (ST AID WITHHLDG) (currency) 7.250%, 10/01/28 (Pre-refunded @ $100, 10/1/18) $ 815 $ 874,731 New York State Dormitory Authority (RB) Series D 3.000%, 02/15/19 175 180,665 5.000%, 02/15/24 300 363,864 New York State Dormitory Authority (RB) Series E 5.000%, 03/15/20 650 716,625 5.000%, 03/15/21 1,000 1,136,370 New York State Environmental Facilities Corp. (RB) Series A 5.000%, 12/15/17 250 253,835 5.250%, 12/15/18 260 275,361 New York State Housing Finance Agency (RB) Series A (currency) 4.000%, 09/15/18 (Pre-refunded @ $100, 9/15/17) 300 301,116 New York State Thruway Authority (RB) Series A 5.000%, 03/15/18 475 487,331 5.000%, 03/15/18 350 359,086 (currency) 5.000%, 03/15/26 (Pre-refunded @ $100, 9/15/18) 435 455,067 New York State Thruway Authority (RB) Series B (currency) 5.000%, 04/01/27 (Pre-refunded @ $100, 10/1/17) 1,500 1,510,080 New York State Thruway Authority Highway & Bridge Trust Fund (RB) Series B (currency) 5.000%, 04/01/22 (Pre-Refunded @ $100, 10/1/18) 415 434,654 New York State Urban Development Corp. (RB) 5.000%, 12/15/17 35 35,527 5.000%, 12/15/17 80 81,245 5.000%, 03/15/18 500 512,980 (currency) 5.000%, 12/15/19 (Pre-refunded @ $100, 12/15/17) 295 299,502 (currency) 5.000%, 12/15/25 (Pre-refunded @ $100, 12/15/17) 130 131,984 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/19 300 319,794 5.000%, 03/15/20 400 441,000 5.000%, 03/15/20 850 937,125 5.000%, 03/15/21 300 340,911 FACE AMOUNT (000) VALUE+ ------ ---------- NEW YORK -- (Continued) 5.000%, 03/15/22 $ 630 $ 735,960 5.000%, 03/15/25 1,200 1,475,988 New York State Urban Development Corp. (RB) Series A-1 5.000%, 03/15/21 360 409,093 Niagara County (GO) Series B 2.000%, 12/15/17 415 416,755 North Shore Central School District (GO) (ST AID WITHHLDG) 2.000%, 12/15/22 285 294,707 2.000%, 12/15/23 550 566,973 North Tonawanda City School District (GO) (ST AID WITHHLDG) 4.000%, 09/15/21 650 718,191 Oceanside Union Free School District (GO) (ST AID WITHHLDG) 2.500%, 07/01/23 520 544,492 Onondaga Civic Dev. Corp. (RB) (currency) 5.125%, 07/01/31 (Pre-refunded @ $100, 7/1/19) 1,375 1,483,185 Orange County 3.000%, 08/15/20 665 702,592 3.000%, 08/15/21 830 888,988 Penfield Central School District (GO) (ASSURED GTY) (ST AID WITHHLDG) 3.750%, 06/15/19 350 368,221 Pittsford Central School District (GO) Series B (ST AID WITHHLDG) 4.000%, 12/15/17 100 101,194 Port Authority of New York & New Jersey (RB) 5.000%, 12/01/17 750 760,357 Port Authority of New York & New Jersey (RB) (AGM) 5.000%, 08/15/17 260 260,367 Port Authority of New York & New Jersey (RB) Series 189 5.000%, 05/01/23 305 365,768 Port Washington Union Free School District (GO) (ST AID WITHHLDG) 2.000%, 12/01/18 350 355,394 Ramapo Central School District (GO) (ST AID WITHHLDG) 4.000%, 10/15/17 140 140,911 5.000%, 10/15/21 215 247,884 Riverhead Central School District (GO) (ST AID WITHHLDG) 3.000%, 03/15/22 120 129,000 2.000%, 10/15/22 280 288,252 DFA NY MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ -------- NEW YORK -- (Continued) Sachem Central School District (GO) (ST AID WITHHLDG) 5.000%, 10/15/19 $200 $217,134 Schenectady County (GO) 5.000%, 06/15/25 140 173,300 Sewanhaka Central High School District of Elmont (GO) (ST AID WITHHLDG) 3.000%, 07/15/23 590 637,743 South Huntington Union Free School District (GO) (ST AID WITHHLDG) 4.000%, 09/01/17 150 150,384 South Orangetown Central School District (GO) (ST AID WITHHLDG) 5.000%, 12/01/17 595 603,276 Spencerport Central School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/21 500 513,725 Taconic Hills Central School District at Craryville (GO) (ST AID WITHHLDG) 5.000%, 06/15/20 100 111,005 4.000%, 06/15/22 250 281,478 Three Village Central School District Brookhaven & Smithtown (GO) (ST AID WITHHLDG) 2.000%, 08/15/18 380 384,682 Town of Babylon (GO) 3.000%, 07/01/25 375 406,024 Town of Bedford (GO) Series A 3.000%, 03/15/21 455 484,898 3.000%, 03/15/25 330 361,264 Town of Brookhaven (GO) 4.000%, 11/15/17 100 100,900 Town of Brookhaven (GO) Series A 3.000%, 02/01/18 180 181,915 3.000%, 03/15/22 650 704,522 Town of Cheektowaga (GO) 5.000%, 07/15/23 265 318,106 Town of Clarence (GO) 2.000%, 08/01/18 325 328,627 2.250%, 08/01/24 210 218,715 Town of Hempstead (GO) Series A 4.000%, 04/15/18 350 357,598 Town of Huntington (GO) 2.000%, 12/01/23 220 227,289 Town of LaGrange (GO) 4.000%, 03/01/18 270 274,890 4.000%, 03/01/19 280 293,387 4.000%, 03/01/20 220 236,403 FACE AMOUNT (000) VALUE+ ------ -------- NEW YORK -- (Continued) Town of North Hempstead (GO) Series A 3.000%, 04/01/24 $425 $464,414 Town of Orangetown (GO) Series A 2.000%, 02/01/18 180 181,028 Triborough Bridge & Tunnel Authority (RB) Series A 3.000%, 11/15/17 50 50,318 5.000%, 11/15/18 140 147,435 5.000%, 11/15/20 165 185,750 Triborough Bridge & Tunnel Authority (RB) Series A-1 5.000%, 11/15/19 300 327,162 Triborough Bridge & Tunnel Authority (RB) Series B 4.000%, 11/15/17 270 272,476 5.000%, 11/15/17 525 531,295 4.000%, 11/15/18 250 260,093 5.000%, 11/15/18 770 810,895 5.000%, 11/15/22 190 225,566 Triborough Bridge & Tunnel Authority (RB) Series C 4.000%, 11/15/18 100 104,037 Tuckahoe Union Free School District (GO) (ST AID WITHHLDG) 5.000%, 07/15/19 145 156,259 5.000%, 07/15/21 230 262,281 Ulster County (GO) 2.000%, 11/15/22 240 246,689 Union Free School District Of The Tarrytowns (GO) Series A (ST AID WITHHLDG) 5.000%, 01/15/18 250 254,763 Vestal Central School District (GO) (AGM) (ST AID WITHHLDG) 3.750%, 06/15/19 150 157,809 Village of Hastings-on-Hudson (GO) 4.000%, 11/01/17 125 125,961 Wantagh Union Free School District (GO) (ST AID WITHHLDG) 2.000%, 11/15/22 250 258,128 Webster Central School District (GO) (ST AID WITHHLDG) 5.000%, 06/15/18 310 321,247 West Irondequoit Central School District (GO) (ST AID WITHHLDG) 4.500%, 06/15/18 125 128,964 West Islip Union Free School District (GO) Series A (ST AID WITHHLDG) 4.000%, 10/01/18 500 517,680 DFA NY MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- NEW YORK -- (Continued) White Plains City School District (GO) Series B (ST AID WITHHLDG) 3.750%, 05/15/18 $100 $ 102,322 Wyoming County (GO) 2.000%, 06/01/18 480 484,344 Yorktown Central School District (GO) (ST AID WITHHLDG) 2.000%, 07/01/21 400 412,500 ----------- TOTAL MUNICIPAL BONDS 82,068,158 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $81,036,855)^^ $82,068,158 =========== DFA NY MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ----------- ------- ----------- Municipal Bonds -- $82,068,158 -- $82,068,158 -- ----------- -- ----------- TOTAL -- $82,068,158 -- $82,068,158 == =========== == =========== DIMENSIONAL RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- AFFILIATED INVESTMENT COMPANIES -- (99.9%) Investment in DFA Inflation-Protected Securities Portfolio of DFA Investment Dimensions Group Inc. 489,479 $ 5,766,062 Investment in DFA One-Year Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 372,582 3,837,596 Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 37,832 727,514 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 34,636 726,654 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 20,949 474,490 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 17,433 237,618 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 10,671 229,955 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $11,676,687) 11,999,889 ----------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $15,316) 15,316 15,316 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $11,692,003)^^ $12,015,205 =========== DIMENSIONAL RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $11,999,889 -- -- $11,999,889 Temporary Cash Investments 15,316 -- -- 15,316 ----------- -- -- ----------- TOTAL $12,015,205 -- -- $12,015,205 =========== == == =========== DIMENSIONAL 2045 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- AFFILIATED INVESTMENT COMPANIES -- (99.6%) Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 515,208 $ 9,907,448 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 472,031 9,903,206 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 284,465 6,443,126 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 236,738 3,226,746 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 145,085 3,126,573 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 86,042 857,840 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. 78,991 857,840 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $29,991,858) 34,322,779 ----------- TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $142,929) 142,929 142,929 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $30,134,787)^^ $34,465,708 =========== DIMENSIONAL 2045 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $34,322,779 -- -- $34,322,779 Temporary Cash Investments 142,929 -- -- 142,929 ----------- -- -- ----------- TOTAL $34,465,708 -- -- $34,465,708 =========== == == =========== DIMENSIONAL 2050 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ -------- ----------- AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 457,360 $ 8,795,037 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 418,628 8,782,809 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 252,962 5,729,599 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 210,679 2,871,560 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 128,871 2,777,177 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. 70,263 763,060 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 76,492 762,627 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $26,614,027) 30,481,869 ----------- TEMPORARY CASH INVESTMENTS -- (0.0%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $13,957) 13,957 13,957 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $26,627,984)^^ $30,495,826 =========== DIMENSIONAL 2050 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $30,481,869 -- -- $30,481,869 Temporary Cash Investments 13,957 -- -- 13,957 ----------- -- -- ----------- TOTAL $30,495,826 -- -- $30,495,826 =========== == == =========== DIMENSIONAL 2055 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ---------- AFFILIATED INVESTMENT COMPANIES -- (99.8%) Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 141,444 $2,719,967 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 129,530 2,717,534 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 78,185 1,770,899 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 65,053 886,669 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 39,810 857,915 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. 21,748 236,188 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 23,586 235,157 ---------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $8,499,821) 9,424,329 ---------- TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $17,073) 17,073 17,073 ---------- TOTAL INVESTMENTS -- (100.0%) (Cost $8,516,894)^^ $9,441,402 ========== DIMENSIONAL 2055 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ------- ------- ---------- Affiliated Investment Companies $9,424,329 -- -- $9,424,329 Temporary Cash Investments 17,073 -- -- 17,073 ---------- -- -- ---------- TOTAL $9,441,402 -- -- $9,441,402 ========== == == ========== DIMENSIONAL 2060 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------ ---------- AFFILIATED INVESTMENT COMPANIES -- (99.9%) Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 82,161 $1,579,957 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 75,168 1,577,014 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 45,403 1,028,367 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 37,847 515,850 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 23,226 500,520 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 13,667 136,255 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. 12,541 136,199 ---------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $4,985,887) 5,474,162 ---------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $6,237) 6,237 6,237 ---------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,992,124)^^ $5,480,399 ========== DIMENSIONAL 2060 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ------- ------- ---------- Affiliated Investment Companies $5,474,162 -- -- $5,474,162 Temporary Cash Investments 6,237 -- -- 6,237 ---------- -- -- ---------- TOTAL $5,480,399 -- -- $5,480,399 ========== == == ========== DIMENSIONAL 2005 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ---------- AFFILIATED INVESTMENT COMPANIES -- (98.9%) Investment in DFA Inflation-Protected Securities Portfolio of DFA Investment Dimensions Group Inc. 185,958 $2,190,585 Investment in DFA One-Year Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 63,125 650,190 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 12,059 253,007 Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 13,035 250,658 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 7,235 163,875 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 6,272 85,487 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 3,788 81,633 ---------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $3,473,091) 3,675,435 ---------- TEMPORARY CASH INVESTMENTS -- (1.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $40,094) 40,094 40,094 ---------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,513,185)^^ $3,715,529 ========== DIMENSIONAL 2005 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ------- ------- ---------- Affiliated Investment Companies $3,675,435 -- -- $3,675,435 Temporary Cash Investments 40,094 -- -- 40,094 ---------- -- -- ---------- TOTAL $3,715,529 -- -- $3,715,529 ========== == == ========== DIMENSIONAL 2010 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- AFFILIATED INVESTMENT COMPANIES -- (99.9%) Investment in DFA Inflation-Protected Securities Portfolio of DFA Investment Dimensions Group Inc. 740,532 $ 8,723,472 Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 48,649 935,517 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 44,484 933,282 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 26,837 607,848 Investment in DFA LTIP Portfolio of DFA Investment Dimensions Group Inc. 54,128 494,190 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 22,345 304,560 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 13,667 294,532 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $11,539,088) 12,293,401 ----------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $14,299) 14,299 14,299 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $11,553,387)^^ $12,307,700 =========== DIMENSIONAL 2010 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $12,293,401 -- -- $12,293,401 Temporary Cash Investments 14,299 -- -- 14,299 ----------- -- -- ----------- TOTAL $12,307,700 -- -- $12,307,700 =========== == == =========== DIMENSIONAL 2015 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ----------- AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in DFA Inflation-Protected Securities Portfolio of DFA Investment Dimensions Group Inc. 1,595,458 $18,794,497 Investment in DFA LTIP Portfolio of DFA Investment Dimensions Group Inc. 481,559 4,396,638 Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 121,681 2,339,934 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 111,291 2,334,888 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 67,368 1,525,888 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 56,038 763,796 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 34,257 738,240 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $28,987,950)^^ 30,893,881 =========== DIMENSIONAL 2015 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $30,893,881 -- -- $30,893,881 ----------- -- -- ----------- TOTAL $30,893,881 -- -- $30,893,881 =========== == == =========== DIMENSIONAL 2020 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ----------- AFFILIATED INVESTMENT COMPANIES -- (99.9%) Investment in DFA Inflation-Protected Securities Portfolio of DFA Investment Dimensions Group Inc. 2,527,899 $29,778,650 Investment in DFA LTIP Portfolio of DFA Investment Dimensions Group Inc. 2,287,783 20,887,463 Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 381,511 7,336,464 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 349,532 7,333,175 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 211,014 4,779,456 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 175,587 2,393,248 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 107,168 2,309,479 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. 90,919 987,384 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 98,979 986,824 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $71,947,574) 76,792,143 ----------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $47,743) 47,743 47,743 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $71,995,317)^^ $76,839,886 =========== DIMENSIONAL 2020 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $76,792,143 -- -- $76,792,143 Temporary Cash Investments 47,743 -- -- 47,743 ----------- -- -- ----------- TOTAL $76,839,886 -- -- $76,839,886 =========== == == =========== DIMENSIONAL 2025 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ---------- ----------- AFFILIATED INVESTMENT COMPANIES -- (99.8%) Investment in DFA LTIP Portfolio of DFA Investment Dimensions Group Inc. 3,527,558 $32,206,606 Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 672,072 12,923,943 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 615,748 12,918,383 Investment in DFA Inflation-Protected Securities Portfolio of DFA Investment Dimensions Group Inc. 1,063,734 12,530,788 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 371,075 8,404,854 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 308,818 4,209,192 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 189,258 4,078,508 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. 341,738 3,711,276 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 372,244 3,711,275 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $87,030,239) 94,694,825 ----------- TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $182,760) 182,760 182,760 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $87,212,999)^^ $94,877,585 =========== DIMENSIONAL 2025 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $94,694,825 -- -- $94,694,825 Temporary Cash Investments 182,760 -- -- 182,760 ----------- -- -- ----------- TOTAL $94,877,585 -- -- $94,877,585 =========== == == =========== DIMENSIONAL 2030 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ----------- AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in DFA LTIP Portfolio of DFA Investment Dimensions Group Inc. 2,658,927 $24,276,007 Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 795,301 15,293,644 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 727,203 15,256,722 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 438,690 9,936,317 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 566,507 5,648,075 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. 519,851 5,645,577 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 365,196 4,977,621 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 223,319 4,812,520 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $78,073,486) ^^ $85,846,483 =========== DIMENSIONAL 2030 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $85,846,483 -- -- $85,846,483 ----------- -- -- ----------- TOTAL $85,846,483 -- -- $85,846,483 =========== == == =========== DIMENSIONAL 2035 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- AFFILIATED INVESTMENT COMPANIES -- (99.9%) Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 727,679 $13,993,264 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 665,360 13,959,250 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 401,391 9,091,501 Investment in DFA LTIP Portfolio of DFA Investment Dimensions Group Inc. 676,245 6,174,116 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 590,914 5,891,410 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. 542,487 5,891,403 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 334,146 4,554,416 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 204,341 4,403,549 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $57,460,667) 63,958,909 ----------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market 76,623 Fund, 0.940% (Cost $76,623) 76,623 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $57,537,290)^^ $64,035,532 =========== DIMENSIONAL 2035 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $63,958,909 -- -- $63,958,909 Temporary Cash Investments 76,623 -- -- 76,623 ----------- -- -- ----------- TOTAL $64,035,532 -- -- $64,035,532 =========== == == =========== DIMENSIONAL 2040 TARGET DATE RETIREMENT INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- AFFILIATED INVESTMENT COMPANIES -- (99.9%) Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 685,318 $13,178,659 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 627,891 13,173,144 Investment in Large Cap International Portfolio of DFA Investment Dimensions Group Inc. 378,654 8,576,513 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 315,101 4,294,825 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 192,878 4,156,520 Investment in DFA Short-Term Extended Quality Portfolio of DFA Investment Dimensions Group Inc. 342,182 3,716,096 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 372,728 3,716,096 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $44,117,829) 50,811,853 ----------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $51,513) 51,513 51,513 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $44,169,342)^^ $50,863,366 =========== DIMENSIONAL 2040 TARGET DATE RETIREMENT INCOME FUND CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $50,811,853 -- -- $50,811,853 Temporary Cash Investments 51,513 -- -- 51,513 ----------- -- -- ----------- TOTAL $50,863,366 -- -- $50,863,366 =========== == == =========== DFA SHORT-DURATION REAL RETURN PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- BONDS -- (93.3%) AUSTRALIA -- (5.2%) Australia & New Zealand Banking Group, Ltd. 1.875%, 10/06/17 358 $ 358,344 1.450%, 05/15/18 358 357,662 2.625%, 05/19/22 250 251,024 Commonwealth Bank of Australia 2.500%, 09/20/18 916 924,663 2.250%, 03/13/19 5,000 5,038,690 ## 2.750%, 03/10/22 5,000 5,065,630 2.750%, 03/10/22 200 202,625 Macquarie Group, Ltd. ## 3.000%, 12/03/18 5,174 5,238,970 National Australia Bank, Ltd. 2.250%, 07/01/19 3,500 3,527,198 2.800%, 01/10/22 14,000 14,217,560 0.875%, 01/20/22 EUR 1,700 2,067,141 Westpac Banking Corp. 2.000%, 08/14/17 501 501,089 2.600%, 11/23/20 12,000 12,171,432 2.800%, 01/11/22 7,185 7,314,610 ----------- TOTAL AUSTRALIA 57,236,638 ----------- AUSTRIA -- (0.6%) Oesterreichische Kontrollbank AG 2.375%, 10/01/21 6,200 6,311,755 ----------- BELGIUM -- (0.2%) Anheuser-Busch InBev Worldwide, Inc. 5.375%, 01/15/20 1,510 1,637,498 ----------- CANADA -- (11.5%) Bank of Montreal 2.375%, 01/25/19 24 24,214 1.900%, 08/27/21 7,000 6,940,906 Bank of Nova Scotia (The) 2.350%, 10/21/20 11,405 11,495,932 CPPIB Capital, Inc. ## 2.250%, 01/25/22 2,000 2,016,720 Export Development Canada 1.375%, 10/21/21 5,000 4,890,940 Goldcorp, Inc. 2.125%, 03/15/18 2,000 2,005,256 Petro-Canada 6.050%, 05/15/18 429 442,963 Potash Corp. of Saskatchewan, Inc. 3.250%, 12/01/17 123 123,534 Province of British Columbia Canada 2.650%, 09/22/21 2,000 2,055,572 FACE AMOUNT^ (000) VALUE+ ------- ------------ CANADA -- (Continued) Province of Manitoba Canada 2.125%, 05/04/22 8,500 $ 8,472,171 Province of Ontario Canada 4.000%, 10/07/19 9,000 9,429,111 1.875%, 05/21/20 1,000 1,000,742 2.500%, 09/10/21 3,221 3,273,663 2.400%, 02/08/22 6,000 6,063,060 1.350%, 03/08/22 CAD 2,400 1,863,135 3.150%, 06/02/22 CAD 11,000 9,235,236 Province of Quebec Canada 3.500%, 07/29/20 5,000 5,237,630 2.375%, 01/31/22 6,000 6,062,046 Royal Bank of Canada 1.800%, 07/30/18 2,610 2,616,160 2.150%, 03/15/19 1,700 1,712,704 1.500%, 07/29/19 5,000 4,980,815 2.350%, 10/30/20 6,000 6,057,150 1.968%, 03/02/22 CAD 300 236,482 2.000%, 03/21/22 CAD 8,000 6,308,370 Toronto-Dominion Bank (The) 2.625%, 09/10/18 715 723,361 2.125%, 07/02/19 7,600 7,664,486 2.250%, 11/05/19 4,979 5,028,073 2.500%, 12/14/20 10,000 10,154,670 Toyota Credit Canada, Inc. 2.020%, 02/28/22 CAD 1,000 787,712 ------------ TOTAL CANADA 126,902,814 ------------ DENMARK -- (1.0%) Danske Bank A.S. ## 2.750%, 09/17/20 3,000 3,053,535 Nordea Bank AB ## 2.500%, 09/17/20 4,000 4,044,868 ## 2.250%, 05/27/21 3,800 3,788,524 ------------ TOTAL DENMARK 10,886,927 ------------ FINLAND -- (1.0%) Municipality Finance P.L.C. 1.250%, 04/18/19 10,000 9,938,640 2.375%, 03/15/22 650 658,431 ------------ TOTAL FINLAND 10,597,071 ------------ FRANCE -- (2.5%) Airgas, Inc. 2.375%, 02/15/20 4,000 4,035,064 BNP Paribas SA 2.375%, 09/14/17 252 252,265 2.375%, 05/21/20 3,000 3,032,343 BPCE SA 2.500%, 07/15/19 2,000 2,021,322 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- FRANCE -- (Continued) 2.650%, 02/03/21 1,300 $ 1,313,383 Electricite de France SA ## 2.350%, 10/13/20 1,000 1,009,362 French Republic Government Bond OAT 3.000%, 04/25/22 EUR 2,500 3,398,277 Pernod Ricard SA ## 5.750%, 04/07/21 5,000 5,587,970 Sanofi 4.000%, 03/29/21 290 308,969 Total Capital International SA 2.100%, 06/19/19 7,000 7,059,353 ----------- TOTAL FRANCE 28,018,308 ----------- GERMANY -- (3.1%) Bayer U.S. Finance LLC ## 2.375%, 10/08/19 2,500 2,526,195 Daimler Finance North America LLC ## 2.700%, 08/03/20 3,085 3,130,353 Deutsche Bank AG 6.000%, 09/01/17 862 864,821 2.950%, 08/20/20 1,900 1,920,275 Deutsche Telekom International Finance BV 6.000%, 07/08/19 934 1,005,911 ## 1.500%, 09/19/19 5,570 5,511,871 FMS Wertmanagement AoeR 1.375%, 06/08/21 9,000 8,838,000 Kreditanstalt fuer Wiederaufbau 0.875%, 09/05/17 358 357,900 1.875%, 06/30/20 4,000 4,021,832 2.750%, 09/08/20 2,000 2,061,384 Volkswagen Group of America Finance LLC ## 2.400%, 05/22/20 4,000 4,021,120 ----------- TOTAL GERMANY 34,259,662 ----------- IRELAND -- (0.9%) GE Capital International Funding Co., Unlimited Co. 2.342%, 11/15/20 10,000 10,106,540 ----------- ITALY -- (0.2%) Intesa Sanpaolo SpA 3.875%, 01/16/18 2,000 2,017,366 ----------- JAPAN -- (3.0%) American Honda Finance Corp. 2.450%, 09/24/20 3,000 3,050,580 Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) ## 2.300%, 03/05/20 3,900 3,911,766 FACE AMOUNT^ (000) VALUE+ ------- ----------- JAPAN -- (Continued) Beam Suntory, Inc. 1.750%, 06/15/18 1,431 $ 1,429,128 Development Bank of Japan, Inc. 1.875%, 10/03/18 594 594,687 Japan Bank for International Cooperation 1.750%, 07/31/18 358 358,154 Japan Finance Organization for Municipalities 1.375%, 02/05/18 5,000 4,986,450 Mizuho Bank, Ltd. ## 2.700%, 10/20/20 1,000 1,010,784 Nissan Motor Acceptance Corp. ## 2.125%, 03/03/20 2,250 2,254,714 Nomura Holdings, Inc. 2.750%, 03/19/19 1,500 1,517,893 Sumitomo Mitsui Banking Corp. 2.450%, 01/10/19 2,673 2,696,864 2.450%, 01/16/20 2,000 2,020,090 Sumitomo Mitsui Financial Group, Inc. 2.058%, 07/14/21 400 394,344 Toyota Motor Credit Corp. 2.100%, 01/17/19 8,526 8,600,372 ----------- TOTAL JAPAN 32,825,826 ----------- NETHERLANDS -- (5.7%) Bank Nederlandse Gemeenten NV 1.875%, 06/11/19 5,000 5,024,200 ## 2.375%, 02/01/22 15,000 15,207,150 Cooperatieve Rabobank UA 2.250%, 01/14/19 3,356 3,386,489 4.500%, 01/11/21 3,000 3,232,917 # 2.750%, 01/10/22 5,000 5,096,460 4.000%, 01/11/22 EUR 2,950 4,065,894 ING Bank NV ## 2.750%, 03/22/21 3,000 3,045,993 LyondellBasell Industries NV 6.000%, 11/15/21 1,000 1,135,082 Mylan, Inc. 2.550%, 03/28/19 197 198,512 Nederlandse Waterschapsbank NV 1.625%, 03/04/20 3,000 2,987,736 Shell International Finance BV 2.000%, 11/15/18 -- -- 4.300%, 09/22/19 1,202 1,265,275 2.125%, 05/11/20 2,200 2,217,622 1.875%, 05/10/21 10,000 9,930,120 1.750%, 09/12/21 6,000 5,927,064 ----------- TOTAL NETHERLANDS 62,720,514 ----------- DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- NEW ZEALAND -- (0.3%) ASB Finance, Ltd. 0.500%, 06/10/22 EUR 3,000 $ 3,555,152 ----------- NORWAY -- (0.1%) Kommunalbanken A.S. 1.000%, 09/26/17 286 285,871 Statoil ASA 1.150%, 05/15/18 236 235,298 1.950%, 11/08/18 715 717,396 ----------- TOTAL NORWAY 1,238,565 ----------- SINGAPORE -- (0.3%) Singapore Government Bond 1.750%, 04/01/22 SGD 5,000 3,725,196 ----------- SPAIN -- (0.9%) Santander UK P.L.C. 2.500%, 03/14/19 600 605,870 2.375%, 03/16/20 4,600 4,647,177 Telefonica Emisiones SAU 5.134%, 04/27/20 4,250 4,592,886 ----------- TOTAL SPAIN 9,845,933 ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (3.2%) Asian Development Bank 2.000%, 02/16/22 3,000 3,007,134 European Investment Bank 1.125%, 09/15/17 215 214,938 2.875%, 09/15/20 2,000 2,068,364 # 1.625%, 12/15/20 3,000 2,985,510 2.000%, 03/15/21 7,000 7,038,556 1.375%, 09/15/21 11,500 11,244,240 International Bank for Reconstruction & Development # 1.625%, 03/09/21 4,000 3,970,880 International Finance Corp. 0.875%, 06/15/18 215 214,141 Nordic Investment Bank 2.125%, 02/01/22 5,000 5,038,400 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS 35,782,163 ----------- SWEDEN -- (6.8%) Kommuninvest I Sverige AB 2.000%, 11/12/19 9,720 9,797,138 0.250%, 06/01/22 SEK 185,000 22,505,874 Svensk Exportkredit AB 1.875%, 06/17/19 10,000 10,052,190 1.750%, 08/28/20 3,000 2,996,640 Svenska Handelsbanken AB 2.500%, 01/25/19 358 362,000 1.875%, 09/07/21 447 440,710 FACE AMOUNT^ (000) VALUE+ ------- ----------- SWEDEN -- (Continued) Sweden Government Bond 3.500%, 06/01/22 SEK 203,000 $29,347,175 ----------- TOTAL SWEDEN 75,501,727 ----------- SWITZERLAND -- (0.2%) Chubb INA Holdings, Inc. 2.300%, 11/03/20 425 429,834 Credit Suisse AG 2.300%, 05/28/19 625 630,664 3.000%, 10/29/21 480 491,943 UBS AG 1.375%, 08/14/17 50 50,000 2.375%, 08/14/19 667 672,865 ----------- TOTAL SWITZERLAND 2,275,306 ----------- UNITED KINGDOM -- (2.5%) Aon Corp. 5.000%, 09/30/20 2,710 2,937,808 AstraZeneca P.L.C. 2.375%, 11/16/20 5,071 5,135,432 Barclays P.L.C. 2.750%, 11/08/19 2,000 2,024,222 3.250%, 01/12/21 1,500 1,529,912 BP Capital Markets P.L.C. 4.500%, 10/01/20 3,750 4,037,156 British Telecommunications P.L.C. 2.350%, 02/14/19 700 704,892 HSBC Holdings P.L.C. 4.000%, 03/30/22 700 743,475 HSBC USA, Inc. 2.375%, 11/13/19 3,281 3,319,417 Lloyds Banking Group P.L.C. 3.000%, 01/11/22 1,000 1,010,701 Nationwide Building Society ## 2.350%, 01/21/20 4,000 4,025,852 TechnipFMC P.L.C. ## 2.000%, 10/01/17 1,120 1,120,010 Unilever Capital Corp. 4.250%, 02/10/21 1,200 1,287,959 ----------- TOTAL UNITED KINGDOM 27,876,836 ----------- UNITED STATES -- (44.1%) Abbott Laboratories 4.125%, 05/27/20 4,000 4,223,972 2.800%, 09/15/20 3,500 3,566,080 AbbVie, Inc. 2.500%, 05/14/20 6,000 6,093,900 Aetna, Inc. 2.200%, 03/15/19 340 342,322 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Aflac, Inc. 2.400%, 03/16/20 1,500 $1,518,876 Agilent Technologies, Inc. 6.500%, 11/01/17 153 154,678 Alphabet, Inc. 3.625%, 05/19/21 3,500 3,724,983 Altria Group, Inc. 4.750%, 05/05/21 500 546,556 Amazon.com, Inc. 2.600%, 12/05/19 2,700 2,751,648 American Express Credit Corp. 2.375%, 05/26/20 800 809,867 American International Group, Inc. 2.300%, 07/16/19 2,062 2,079,630 3.375%, 08/15/20 3,000 3,106,392 3.300%, 03/01/21 500 516,368 Ameriprise Financial, Inc. 7.300%, 06/28/19 1,360 1,495,977 5.300%, 03/15/20 1,000 1,082,703 Amgen, Inc. 2.200%, 05/22/19 4,311 4,348,178 Amphenol Corp. 2.550%, 01/30/19 3,800 3,834,789 Anthem, Inc. 1.875%, 01/15/18 420 420,299 Apple, Inc. 2.250%, 02/23/21 5,000 5,044,065 2.500%, 02/09/22 3,828 3,881,324 2.300%, 05/11/22 7,500 7,524,825 Assurant, Inc. 2.500%, 03/15/18 715 719,227 AT&T, Inc. 5.800%, 02/15/19 2,444 2,591,305 2.450%, 06/30/20 1,331 1,340,698 4.600%, 02/15/21 1,000 1,069,507 Bank of America Corp. 2.600%, 01/15/19 730 737,494 2.625%, 10/19/20 2,500 2,535,938 Bank of New York Mellon Corp. (The) 2.200%, 05/15/19 885 892,363 4.600%, 01/15/20 1,200 1,274,863 2.150%, 02/24/20 1,200 1,210,126 BB&T Corp. 1.450%, 01/12/18 141 140,973 6.850%, 04/30/19 2,000 2,170,758 2.050%, 05/10/21 731 728,178 Becton Dickinson and Co. 3.250%, 11/12/20 3,250 3,349,570 3.125%, 11/08/21 3,000 3,067,224 FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Berkshire Hathaway, Inc. 2.100%, 08/14/19 7,000 $ 7,068,614 Biogen, Inc. 2.900%, 09/15/20 1,500 1,539,359 BlackRock, Inc. 5.000%, 12/10/19 2,000 2,151,286 Boston Scientific Corp. 2.650%, 10/01/18 2,000 2,019,178 6.000%, 01/15/20 500 545,684 Bristol-Myers Squibb Co. 1.750%, 03/01/19 2,500 2,507,318 Buckeye Partners L.P. 6.050%, 01/15/18 1,310 1,334,327 2.650%, 11/15/18 261 262,503 Capital One Bank USA NA 2.300%, 06/05/19 2,000 2,007,132 Capital One Financial Corp. 2.450%, 04/24/19 900 906,665 Caterpillar Financial Services Corp. 2.450%, 09/06/18 545 550,047 1.700%, 08/09/21 1,000 983,888 CBS Corp. 2.300%, 08/15/19 2,000 2,013,984 CenterPoint Energy Resources Corp. 6.125%, 11/01/17 39 39,417 Charles Schwab Corp. (The) 2.200%, 07/25/18 372 374,199 Chevron Corp. 1.104%, 12/05/17 383 382,642 # 2.427%, 06/24/20 3,010 3,059,135 2.419%, 11/17/20 14,000 14,197,386 2.100%, 05/16/21 1,375 1,377,368 2.498%, 03/03/22 3,000 3,037,413 Cisco Systems, Inc. 4.450%, 01/15/20 4,940 5,270,041 2.450%, 06/15/20 4,400 4,485,848 2.200%, 02/28/21 3,000 3,024,519 1.850%, 09/20/21 9,000 8,942,175 Citigroup, Inc. 2.500%, 09/26/18 501 505,105 2.050%, 06/07/19 3,000 3,005,532 2.400%, 02/18/20 3,000 3,024,648 CNA Financial Corp. 5.750%, 08/15/21 880 982,332 Coca-Cola Co. (The) 2.450%, 11/01/20 3,000 3,061,365 1.550%, 09/01/21 2,500 2,462,268 3.300%, 09/01/21 1,000 1,050,763 Comcast Corp. 6.300%, 11/15/17 286 290,012 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) 5.150%, 03/01/20 1,900 $2,062,024 Comerica, Inc. 2.125%, 05/23/19 1,450 1,450,990 ConocoPhillips Co. 1.050%, 12/15/17 809 807,732 4.200%, 03/15/21 1,400 1,497,240 Costco Wholesale Corp. 1.750%, 02/15/20 1,775 1,775,424 CVS Health Corp. 2.250%, 08/12/19 2,500 2,519,895 2.125%, 06/01/21 500 496,851 Dollar General Corp. 1.875%, 04/15/18 921 921,510 Dominion Energy, Inc. 2.500%, 12/01/19 3,500 3,534,496 Dr. Pepper Snapple Group, Inc. 2.600%, 01/15/19 1,000 1,011,124 DTE Energy Co. 2.400%, 12/01/19 4,000 4,030,652 eBay, Inc. 2.200%, 08/01/19 4,346 4,371,468 Edwards Lifesciences Corp. 2.875%, 10/15/18 1,000 1,010,347 EI du Pont de Nemours & Co. 6.000%, 07/15/18 183 190,576 Electronic Arts, Inc. 3.700%, 03/01/21 2,000 2,091,226 Enterprise Products Operating LLC 6.650%, 04/15/18 2,000 2,070,768 EOG Resources, Inc. 5.875%, 09/15/17 705 708,467 Eversource Energy 1.450%, 05/01/18 235 234,617 Exelon Generation Co. LLC 2.950%, 01/15/20 2,600 2,654,759 # 4.000%, 10/01/20 600 627,368 Express Scripts Holding Co. 2.250%, 06/15/19 1,000 1,005,746 3.900%, 02/15/22 1,866 1,959,836 Exxon Mobil Corp. 1.819%, 03/15/19 7,427 7,458,639 1.912%, 03/06/20 2,400 2,410,399 2.222%, 03/01/21 5,824 5,879,514 Fidelity National Information Services, Inc. 2.250%, 08/15/21 5,000 4,964,995 Fifth Third Bank 2.375%, 04/25/19 2,503 2,530,047 Fiserv, Inc. 2.700%, 06/01/20 2,000 2,030,978 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Ford Motor Credit Co. LLC 5.000%, 05/15/18 984 $1,008,488 3.157%, 08/04/20 1,200 1,227,001 3.336%, 03/18/21 2,128 2,178,602 GATX Corp. 2.500%, 07/30/19 200 201,804 General Electric Co. 0.375%, 05/17/22 EUR 1,900 2,249,927 General Motors Financial Co., Inc. 3.200%, 07/06/21 7,200 7,317,072 Georgia Power Co. # 4.250%, 12/01/19 2,130 2,236,602 Gilead Sciences, Inc. 2.550%, 09/01/20 1,000 1,020,457 Goldman Sachs Group, Inc. (The) 2.550%, 10/23/19 4,900 4,964,435 Halliburton Co. 2.000%, 08/01/18 3,970 3,976,427 Harris Corp. 2.700%, 04/27/20 4,500 4,540,576 Hewlett Packard Enterprise Co. 3.600%, 10/15/20 3,800 3,932,050 Home Depot, Inc. (The) 2.000%, 06/15/19 700 706,027 HP, Inc. 4.300%, 06/01/21 1,567 1,664,566 Humana, Inc. 2.625%, 10/01/19 3,000 3,037,449 Huntington Bancshares, Inc. 2.600%, 08/02/18 1,043 1,052,529 Huntington National Bank (The) 2.400%, 04/01/20 2,600 2,624,635 Indiana Michigan Power Co. 7.000%, 03/15/19 2,000 2,159,850 Intel Corp. 2.450%, 07/29/20 127 129,374 Intercontinental Exchange, Inc. 2.750%, 12/01/20 268 273,743 International Business Machines Corp. 1.250%, 02/08/18 100 99,926 # 1.950%, 02/12/19 4,077 4,097,018 1.625%, 05/15/20 1,390 1,384,019 Jefferies Group LLC 5.125%, 04/13/18 134 137,005 JM Smucker Co. (The) 2.500%, 03/15/20 3,320 3,357,738 John Deere Capital Corp. 2.050%, 03/10/20 2,000 2,013,600 Johnson & Johnson 2.250%, 03/03/22 1,500 1,518,396 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) JPMorgan Chase & Co. 2.350%, 01/28/19 3,000 $3,027,756 Kellogg Co. 4.000%, 12/15/20 1,000 1,058,337 KeyCorp 2.900%, 09/15/20 2,000 2,042,906 Kimberly-Clark Corp. 1.900%, 05/22/19 2,000 2,013,606 Laboratory Corp. of America Holdings 2.200%, 08/23/17 1,633 1,633,478 Lam Research Corp. 2.750%, 03/15/20 2,800 2,856,697 Legg Mason, Inc. 2.700%, 07/15/19 3,000 3,030,723 Liberty Mutual Group, Inc. ## 5.000%, 06/01/21 2,900 3,159,008 Manufacturers & Traders Trust Co. 2.100%, 02/06/20 4,225 4,244,055 Marriott International, Inc. 6.750%, 05/15/18 367 380,678 3.000%, 03/01/19 2,960 3,006,484 Marsh & McLennan Cos., Inc. 2.350%, 03/06/20 2,000 2,017,880 2.750%, 01/30/22 1,500 1,519,332 MasterCard, Inc. 2.000%, 04/01/19 2,995 3,020,469 Mattel, Inc. 2.350%, 05/06/19 5,000 5,008,050 Maxim Integrated Products, Inc. 2.500%, 11/15/18 2,000 2,016,890 McDonald's Corp. 5.350%, 03/01/18 286 292,459 5.000%, 02/01/19 4,506 4,727,709 McKesson Corp. 1.400%, 03/15/18 1,300 1,298,969 Mead Johnson Nutrition Co. 3.000%, 11/15/20 700 721,223 Merck & Co., Inc. 2.350%, 02/10/22 1,345 1,362,517 Microsoft Corp. 2.000%, 11/03/20 3,500 3,525,291 1.550%, 08/08/21 4,000 3,937,280 Mondelez International Holdings Netherlands BV ## 2.000%, 10/28/21 2,258 2,212,585 Monsanto Co. 1.850%, 11/15/18 2,155 2,155,045 2.125%, 07/15/19 2,550 2,561,827 Morgan Stanley 2.375%, 07/23/19 2,220 2,238,743 FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Nasdaq, Inc. 5.550%, 01/15/20 2,484 $2,688,550 NetApp, Inc. 2.000%, 12/15/17 215 215,012 Newell Brands, Inc. 2.600%, 03/29/19 572 578,580 NextEra Energy Capital Holdings, Inc. 2.400%, 09/15/19 2,950 2,971,647 NiSource Finance Corp. 6.800%, 01/15/19 61 65,130 Nordstrom, Inc. 4.750%, 05/01/20 350 368,365 Nucor Corp. 5.750%, 12/01/17 4,612 4,671,449 Nuveen Finance LLC ## 2.950%, 11/01/19 3,890 3,958,363 Oracle Corp. # 2.250%, 10/08/19 2,000 2,026,406 1.900%, 09/15/21 9,000 8,950,482 2.500%, 05/15/22 3,000 3,042,003 PepsiCo, Inc. 2.150%, 10/14/20 3,000 3,027,738 Pfizer, Inc. 2.100%, 05/15/19 2,652 2,679,480 1.950%, 06/03/21 5,000 5,004,925 0.250%, 03/06/22 EUR 3,000 3,554,388 PG&E Corp. 2.400%, 03/01/19 2,074 2,087,867 PNC Bank NA 2.400%, 10/18/19 4,000 4,047,012 Procter & Gamble Co. (The) 1.850%, 02/02/21 960 959,260 1.700%, 11/03/21 5,000 4,957,875 2.300%, 02/06/22 650 658,898 Progress Energy, Inc. 4.400%, 01/15/21 2,150 2,284,111 Prudential Financial, Inc. 5.375%, 06/21/20 3,000 3,277,884 PSEG Power LLC 2.450%, 11/15/18 2,499 2,512,010 QUALCOMM, Inc. 2.250%, 05/20/20 3,000 3,034,407 Quest Diagnostics, Inc. 2.700%, 04/01/19 1,300 1,318,083 2.500%, 03/30/20 3,630 3,657,537 Roper Technologies, Inc. 2.050%, 10/01/18 135 135,473 Ryder System, Inc. 2.500%, 03/01/18 250 250,988 2.350%, 02/26/19 2,000 2,014,480 DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- UNITED STATES -- (Continued) Scripps Networks Interactive, Inc. 2.750%, 11/15/19 2,369 $ 2,394,621 Southern Power Co. 2.500%, 12/15/21 539 539,432 Southwest Airlines Co. 2.750%, 11/06/19 426 432,943 State Street Corp. 4.375%, 03/07/21 2,000 2,150,280 Stryker Corp. 2.625%, 03/15/21 2,378 2,424,609 SunTrust Banks, Inc. 2.900%, 03/03/21 3,000 3,055,977 Sysco Corp. 2.600%, 10/01/20 3,970 4,028,192 Target Corp. 2.300%, 06/26/19 515 522,150 Tech Data Corp. 3.750%, 09/21/17 358 358,781 Time Warner, Inc. 2.100%, 06/01/19 2,000 2,004,868 Total System Services, Inc. 2.375%, 06/01/18 1,701 1,706,617 Toyota Motor Credit Corp. 4.500%, 06/17/20 1,900 2,035,225 1.900%, 04/08/21 10,500 10,442,271 2.600%, 01/11/22 3,000 3,062,730 3.300%, 01/12/22 1,561 1,629,536 Tyson Foods, Inc. 2.650%, 08/15/19 2,000 2,029,290 U.S. Bancorp 2.200%, 04/25/19 966 974,940 UnitedHealth Group, Inc. 2.300%, 12/15/19 1,400 1,416,197 2.700%, 07/15/20 1,074 1,100,003 2.125%, 03/15/21 2,000 2,001,950 US Bank NA 1.400%, 04/26/19 3,900 3,884,513 Verizon Communications, Inc. 2.550%, 06/17/19 1,000 1,014,641 4.500%, 09/15/20 2,250 2,405,529 Wal-Mart Stores, Inc. 3.250%, 10/25/20 1,000 1,047,033 Walgreen Co. 5.250%, 01/15/19 8 8,372 Walgreens Boots Alliance, Inc. 2.700%, 11/18/19 2,000 2,036,046 Wells Fargo & Co. 2.125%, 04/22/19 2,170 2,184,917 2.150%, 01/30/20 3,000 3,015,810 WestRock RKT Co. 4.450%, 03/01/19 595 616,920 FACE AMOUNT^ (000) VALUE+ --------- -------------- UNITED STATES -- (Continued) Wyndham Worldwide Corp. 2.500%, 03/01/18 1,805 $ 1,812,489 Xilinx, Inc. 2.125%, 03/15/19 766 768,835 -------------- TOTAL UNITED STATES 485,948,930 -------------- TOTAL BONDS 1,029,270,727 -------------- AGENCY OBLIGATIONS -- (2.3%) Federal Home Loan Mortgage Corp. 1.000%, 09/29/17 66 65,986 Federal National Mortgage Association # 1.875%, 12/28/20 22,000 22,177,078 # 1.250%, 05/06/21 4,000 3,939,600 -------------- TOTAL AGENCY OBLIGATIONS 26,182,664 -------------- U.S. TREASURY OBLIGATIONS -- (1.0%) Treasury Inflation Protected Security ^^^ 0.125%, 04/15/21 2,500 2,585,963 ^^^ 0.125%, 04/15/22 8,100 8,149,091 -------------- TOTAL U.S. TREASURY OBLIGATIONS 10,735,054 -------------- TOTAL INVESTMENT SECURITIES 1,066,188,445 -------------- SHARES --------- SECURITIES LENDING COLLATERAL -- (3.4%) (S)@ DFA Short Term Investment Fund 3,210,986 37,157,535 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,096,942,712)^^ $1,103,345,980 ============== DFA SHORT-DURATION REAL RETURN PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Bonds Australia -- $ 57,236,638 -- $ 57,236,638 Austria -- 6,311,755 -- 6,311,755 Belgium -- 1,637,498 -- 1,637,498 Canada -- 126,902,814 -- 126,902,814 Denmark -- 10,886,927 -- 10,886,927 Finland -- 10,597,071 -- 10,597,071 France -- 28,018,308 -- 28,018,308 Germany -- 34,259,662 -- 34,259,662 Ireland -- 10,106,540 -- 10,106,540 Italy -- 2,017,366 -- 2,017,366 Japan -- 32,825,826 -- 32,825,826 Netherlands -- 62,720,514 -- 62,720,514 New Zealand -- 3,555,152 -- 3,555,152 Norway -- 1,238,565 -- 1,238,565 Singapore -- 3,725,196 -- 3,725,196 Spain -- 9,845,933 -- 9,845,933 Supranational Organization Obligations -- 35,782,163 -- 35,782,163 Sweden -- 75,501,727 -- 75,501,727 Switzerland -- 2,275,306 -- 2,275,306 United Kingdom -- 27,876,836 -- 27,876,836 United States -- 485,948,930 -- 485,948,930 Agency Obligations -- 26,182,664 -- 26,182,664 U.S. Treasury Obligations -- 10,735,054 -- 10,735,054 Securities Lending Collateral -- 37,157,535 -- 37,157,535 Swap Agreements** -- (737,816) -- (737,816) Forward Currency Contracts** -- (2,320,000) -- (2,320,000) -- -------------- -- -------------- TOTAL -- $1,100,288,164 -- $1,100,288,164 == ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA MUNICIPAL REAL RETURN PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ----------- MUNICIPAL BONDS -- (100.0%) ALABAMA -- (0.8%) Alabama State (GO) Series A 5.000%, 08/01/20 2,250 $ 2,508,480 5.000%, 08/01/23 2,200 2,649,658 ----------- TOTAL ALABAMA 5,158,138 ----------- ALASKA -- (0.8%) Borough of North Slope (GO) Series C (ETM) 3.000%, 06/30/18 500 509,475 City of Anchorage (GO) Series A 5.000%, 09/01/21 900 1,034,145 5.000%, 09/01/23 600 721,158 City of Anchorage (GO) Series D 5.000%, 09/01/23 2,585 3,106,989 ----------- TOTAL ALASKA 5,371,767 ----------- ARIZONA -- (0.7%) City of Phoenix (GO) 4.000%, 07/01/20 1,500 1,626,075 City of Tempe (GO) Series C 4.000%, 07/01/22 1,400 1,581,398 Maricopa County High School District No. 210-Phoenix (GO) 3.000%, 07/01/23 650 708,025 Scottsdale Municipal Property Corp. (RB) Series A 3.000%, 07/01/21 805 860,513 ----------- TOTAL ARIZONA 4,776,011 ----------- ARKANSAS -- (1.6%) Arkansas State (GO) 5.000%, 04/01/21 2,600 2,964,858 5.000%, 10/01/21 7,195 8,323,608 ----------- TOTAL ARKANSAS 11,288,466 ----------- CALIFORNIA -- (0.9%) California State (GO) Series B 5.000%, 09/01/25 3,140 3,900,225 Los Angeles Unified School District (GO) Series A 5.000%, 07/01/27 2,000 2,536,980 ----------- TOTAL CALIFORNIA 6,437,205 ----------- COLORADO -- (1.0%) Boulder County (RB) 5.000%, 07/15/18 100 103,898 City & County of Denver (GO) Series A 5.000%, 08/01/17 200 200,000 FACE AMOUNT (000) VALUE+ ------ ----------- COLORADO -- (Continued) Denver City & County School District No. 1 (GO) Series B (ETM) (ST AID WITHHLDG) 4.000%, 12/01/18 35 $ 36,409 Denver City & County School District No. 1 (GO) Series B (ST AID WITHHLDG) 4.000%, 12/01/18 265 275,780 5.000%, 12/01/24 900 1,109,367 El Paso County School District No. 20 Academy (GO) (ST AID WITHHLDG) 5.000%, 12/15/21 1,240 1,438,140 Jefferson County School District R-1 (GO) (ST AID WITHHLDG) 5.250%, 12/15/24 1,000 1,238,560 Weld County School District No. RE-4 (GO) (ST INTERCEPT) 4.000%, 12/01/23 2,425 2,778,589 ----------- TOTAL COLORADO 7,180,743 ----------- CONNECTICUT -- (0.4%) Connecticut State (GO) Series A 5.000%, 10/15/18 600 627,294 5.000%, 10/15/19 300 322,092 Connecticut State (GO) Series C 5.000%, 06/01/18 1,000 1,032,030 Connecticut State (GO) Series E 4.000%, 08/15/17 700 700,721 ----------- TOTAL CONNECTICUT 2,682,137 ----------- DELAWARE -- (0.7%) New Castle County (GO) 5.000%, 10/01/23 2,275 2,755,298 New Castle County (GO) Series B 5.000%, 07/15/22 1,450 1,710,203 ----------- TOTAL DELAWARE 4,465,501 ----------- DISTRICT OF COLUMBIA -- (1.9%) District of Columbia (GO) Series A 5.000%, 06/01/20 1,900 2,108,544 District of Columbia (GO) Series E 5.000%, 06/01/21 2,550 2,917,608 5.000%, 06/01/26 1,875 2,338,388 Washington Metropolitan Area Transit Authority (RB) Series A-1 5.000%, 07/01/27 4,535 5,669,294 ----------- TOTAL DISTRICT OF COLUMBIA 13,033,834 ----------- FLORIDA -- (2.7%) Florida State (GO) 5.000%, 07/01/21 2,000 2,291,160 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- FLORIDA -- (Continued) 5.000%, 07/01/24 500 $ 611,900 Florida State Board of Education (GO) Series A 5.000%, 06/01/23 700 840,546 Florida State Board of Education (GO) Series B 5.000%, 06/01/19 555 595,732 5.000%, 06/01/20 3,300 3,659,271 5.000%, 06/01/23 650 780,507 5.000%, 06/01/25 3,000 3,717,690 Miami-Dade County (GO) Series A 5.000%, 07/01/26 1,810 2,247,821 Miami-Dade County (GO) Series D 5.000%, 07/01/20 3,520 3,911,142 ----------- TOTAL FLORIDA 18,655,769 ----------- GEORGIA -- (4.0%) Cobb County (GO) 5.000%, 01/01/22 2,335 2,719,458 Georgia State (GO) Series A-1 5.000%, 02/01/19 6,805 7,218,268 Georgia State (GO) Series C 5.000%, 10/01/21 2,490 2,875,079 Georgia State (GO) Series C-1 5.000%, 07/01/23 3,000 3,614,400 5.000%, 07/01/24 3,200 3,923,200 Georgia State (GO) Series I 5.000%, 07/01/20 2,345 2,608,437 Georgia State Road & Tollway Authority (RB) (GTD) 5.000%, 10/01/23 3,580 4,340,499 ----------- TOTAL GEORGIA 27,299,341 ----------- HAWAII -- (1.0%) City & County of Honolulu (GO) Series B 5.000%, 10/01/23 2,150 2,595,437 5.000%, 10/01/25 450 556,907 Hawaii State (GO) Series EF 5.000%, 11/01/22 300 356,091 Hawaii State (GO) Series EH (ETM) 5.000%, 08/01/23 1,225 1,476,149 Hawaii State (GO) Series EH-2017 5.000%, 08/01/23 970 1,169,490 Hawaii State (GO) Series EH-2017 (ETM) 5.000%, 08/01/23 305 367,531 ----------- TOTAL HAWAII 6,521,605 ----------- FACE AMOUNT (000) VALUE+ ------ ----------- IOWA -- (0.1%) City of Ankeny (GO) Series G 5.000%, 06/01/19 910 $ 976,266 ----------- KANSAS -- (1.4%) City of Lenexa (GO) Series A 5.000%, 09/01/21 600 690,204 City of Lenexa (GO) Series B 5.000%, 09/01/20 1,610 1,799,497 City of Wichita (GO) Series A 5.000%, 12/01/20 3,000 3,380,190 Johnson County (GO) Series B 5.000%, 09/01/22 1,405 1,660,387 Kansas State Department of Transportation (RB) Series B 5.000%, 09/01/20 1,975 2,210,637 Kansas State Department of Transportation (RB) Series C 5.000%, 09/01/19 125 135,364 ----------- TOTAL KANSAS 9,876,279 ----------- KENTUCKY -- (0.9%) Louisville Water Co. (RB) 4.000%, 11/15/17 1,605 1,619,252 Louisville/Jefferson County Metropolitan Government (GO) Series A 5.000%, 12/01/25 3,800 4,723,134 ----------- TOTAL KENTUCKY 6,342,386 ----------- LOUISIANA -- (0.9%) Louisiana State (GO) Series A (ETM) 5.000%, 08/01/18 4,000 4,161,600 Louisiana State (GO) Series C 5.000%, 07/15/22 250 291,203 5.000%, 08/01/23 1,100 1,305,359 Louisiana State (GO) Series D-2 5.000%, 12/01/21 600 689,568 ----------- TOTAL LOUISIANA 6,447,730 ----------- MARYLAND -- (5.1%) Anne Arundel County (GO) 5.000%, 04/01/23 4,000 4,800,320 Baltimore County (GO) 5.000%, 08/01/18 1,000 1,041,210 5.000%, 08/01/21 500 574,520 City of Baltimore (GO) Series B 5.000%, 10/15/22 645 761,048 City of Frederick (GO) Series C 5.000%, 03/01/27 3,100 3,885,416 Harford County (GO) Series A 5.000%, 09/15/20 900 1,008,711 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- MARYLAND -- (Continued) Howard County (GO) Series B 5.000%, 02/15/26 6,420 $ 8,049,845 Maryland State (GO) Series B 5.000%, 03/01/19 1,000 1,064,410 4.000%, 08/01/23 1,785 2,055,392 Maryland State (GO) Series C 5.000%, 08/01/20 2,000 2,233,540 Prince George's County (GO) Series B 5.000%, 09/15/18 650 679,913 Washington Suburban Sanitary Commission (GO) 5.000%, 06/01/18 650 672,250 5.000%, 06/01/24 4,325 5,303,834 Worcester County (GO) Series B 4.000%, 08/01/21 2,255 2,501,472 ----------- TOTAL MARYLAND 34,631,881 ----------- MASSACHUSETTS -- (4.7%) City of Boston (GO) Series A 5.000%, 03/01/20 1,200 1,321,836 5.000%, 04/01/20 1,250 1,380,612 City of Boston (GO) Series B 5.000%, 04/01/24 3,500 4,281,165 Commonwealth of Massachusetts (GO) Series A 5.000%, 04/01/23 4,000 4,778,640 Commonwealth of Massachusetts (GO) Series A 5.000%, 03/01/18 1,500 1,536,240 5.000%, 07/01/26 4,750 5,929,710 Commonwealth of Massachusetts (GO) Series B 5.250%, 08/01/21 500 578,960 Commonwealth of Massachusetts (GO) Series C 5.000%, 08/01/20 3,255 3,629,976 5.000%, 08/01/24 1,360 1,660,805 Massachusetts Clean Water Trust (The) (RB) 5.000%, 08/01/20 400 446,332 Massachusetts School Building Authority (RB) Series A 5.000%, 11/15/25 3,240 4,034,448 Town of Lexington (BAN) 2.000%, 02/16/18 1,157 1,163,849 Town of Lexington (GO) 4.000%, 02/15/27 1,000 1,180,410 Town of Medfield (GO) 3.000%, 09/15/19 510 531,854 ----------- TOTAL MASSACHUSETTS 32,454,837 ----------- FACE AMOUNT (000) VALUE+ ------ ----------- MICHIGAN -- (0.1%) Michigan State (GO) 5.000%, 11/01/19 700 $ 761,817 ----------- MINNESOTA -- (2.5%) City of Edina (GO) Series B 3.000%, 02/01/19 1,000 1,031,100 City of Rochester (GO) Series A 5.000%, 02/01/18 650 663,540 Hennepin County (GO) Series C 5.000%, 12/01/28 1,150 1,475,254 Minnesota State (GO) Series A 5.000%, 08/01/21 1,330 1,529,354 5.000%, 08/01/25 7,000 8,702,190 Minnesota State (GO) Series D 5.000%, 08/01/18 650 676,721 5.000%, 08/01/21 700 804,923 Minnesota State (GO) Series E 2.000%, 08/01/19 1,000 1,020,700 Saint Paul Public Library Agency (GO) Series C 5.000%, 03/01/20 900 991,377 ----------- TOTAL MINNESOTA 16,895,159 ----------- MISSISSIPPI -- (0.4%) Madison County School District (GO) 3.500%, 12/01/19 350 368,585 Mississippi State (GO) Series B 5.000%, 11/01/20 600 673,554 Mississippi State (GO) Series C 5.000%, 10/01/20 1,565 1,752,018 ----------- TOTAL MISSISSIPPI 2,794,157 ----------- MISSOURI -- (0.2%) Missouri Highway & Transportation Commission (RB) 5.000%, 02/01/19 1,525 1,616,897 ----------- NEBRASKA -- (0.5%) Douglas County School District No. 17 (GO) 4.000%, 12/15/26 3,000 3,512,910 ----------- NEVADA -- (4.2%) City of Henderson (GO) 5.000%, 06/01/21 600 680,700 Clark County (GO) Series B 5.000%, 11/01/24 8,665 10,625,889 Nevada State (GO) Series D 5.000%, 04/01/25 11,625 14,294,449 Nevada State (GO) Series D-1 5.000%, 03/01/22 2,000 2,324,920 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- NEVADA -- (Continued) Washoe County School District (GO) Series F 5.000%, 06/01/21 900 $ 1,025,019 ----------- TOTAL NEVADA 28,950,977 ----------- NEW HAMPSHIRE -- (0.5%) City of Dover (GO) Series C 5.000%, 07/01/20 220 244,646 City of Nashua (GO) 4.000%, 07/15/24 2,000 2,296,080 New Hampshire State (GO) Series B 5.000%, 06/01/19 540 579,323 ----------- TOTAL NEW HAMPSHIRE 3,120,049 ----------- NEW MEXICO -- (2.2%) New Mexico State (GO) 5.000%, 03/01/19 3,500 3,722,565 5.000%, 03/01/21 2,105 2,390,628 New Mexico State Severance Tax Permanent Fund (RB) Series B 4.000%, 07/01/20 2,000 2,165,700 New Mexico State Severance Tax Permanent Fund (RB) Series D 5.000%, 07/01/26 5,580 6,929,746 ----------- TOTAL NEW MEXICO 15,208,639 ----------- NEW YORK -- (3.2%) City of New York (GO) Series B 5.000%, 08/01/17 4,890 4,890,000 City of New York (GO) Series C 5.000%, 08/01/26 500 621,520 City of New York (GO) Series G 5.000%, 08/01/18 1,600 1,664,960 City of New York (GO) Series J 5.000%, 08/01/22 650 764,556 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/22 2,500 2,914,325 5.000%, 02/15/24 700 849,016 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/26 6,890 8,573,985 New York State Urban Development Corp. (RB) Series C 5.000%, 12/15/18 1,000 1,056,540 Riverhead Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/15/22 700 720,629 ----------- TOTAL NEW YORK 22,055,531 ----------- FACE AMOUNT (000) VALUE+ ------ ----------- NORTH CAROLINA -- (5.9%) City of Charlotte Water & Sewer System Revenue (RB) 5.000%, 07/01/21 1,800 $ 2,065,770 Forsyth County (GO) 4.000%, 12/01/21 1,500 1,678,605 Gaston County (GO) 5.000%, 02/01/26 2,500 3,094,250 Iredell County (GO) Series B 2.500%, 02/01/24 2,285 2,405,602 Mecklenburg County (GO) Series B 5.000%, 12/01/21 6,120 7,109,053 5.000%, 12/01/26 8,430 10,654,003 North Carolina Eastern Municipal Power Agency (RB) Series B (NATL-IBC) (ETM) 6.000%, 01/01/22 650 784,895 North Carolina State (GO) Series A 5.000%, 06/01/22 6,000 7,066,260 North Carolina State (GO) Series C 3.750%, 05/01/19 1,500 1,571,940 Wake County (GO) 5.000%, 03/01/19 1,000 1,063,100 5.000%, 09/01/21 2,250 2,595,060 ----------- TOTAL NORTH CAROLINA 40,088,538 ----------- NORTH DAKOTA -- (0.1%) North Dakota State University of Agriculture & Applied Science (RB) Series A 5.000%, 04/01/21 545 614,771 ----------- OHIO -- (4.0%) Beavercreek City School District (GO) (AGM) 5.000%, 12/01/18 525 553,051 City of Columbus (GO) Series 1 5.000%, 07/01/21 2,775 3,180,122 5.000%, 07/01/23 1,875 2,256,637 City of Columbus (GO) Series A 5.000%, 02/15/20 650 714,708 2.000%, 08/15/22 2,000 2,068,000 4.000%, 08/15/25 3,500 4,076,345 Cleveland Department of Public Utilities Division of Water (RB) Series T 5.000%, 01/01/19 4,335 4,583,005 Ohio State (GO) Series A 4.000%, 03/01/21 1,475 1,623,016 5.000%, 09/15/24 2,000 2,451,120 5.000%, 09/15/25 1,950 2,420,886 Ohio State (GO) Series B 5.000%, 08/01/20 650 724,880 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- OHIO -- (Continued) Ohio Water Development Authority (RB) Series C 5.000%, 06/01/19 2,225 $ 2,388,293 ----------- TOTAL OHIO 27,040,063 ----------- OKLAHOMA -- (0.3%) Tulsa County Independent School District No. 1 Tulsa (GO) Series B 2.000%, 01/01/19 1,800 1,824,894 ----------- OREGON -- (1.7%) City of Portland Sewer System Revenue (RB) Series A 5.000%, 10/01/23 3,570 4,321,342 Multnomah County School District No. 1 Portland (GO) Series B (SCH BD GTY) 5.000%, 06/15/23 1,005 1,203,066 Oregon State (GO) Series A 5.000%, 05/01/21 800 913,496 Oregon State (GO) Series D 3.000%, 05/01/20 2,345 2,469,660 Oregon State (GO) Series G 5.000%, 12/01/22 2,050 2,441,509 ----------- TOTAL OREGON 11,349,073 ----------- PENNSYLVANIA -- (0.6%) Pennsylvania Economic Development Financing Authority (RB) Series A 5.000%, 01/01/18 650 661,310 5.000%, 07/01/19 3,145 3,388,140 ----------- TOTAL PENNSYLVANIA 4,049,450 ----------- RHODE ISLAND -- (0.4%) Rhode Island State (GO) Series A 5.000%, 08/01/20 1,900 2,114,111 Rhode Island State (GO) Series D 5.000%, 08/01/22 600 704,478 ----------- TOTAL RHODE ISLAND 2,818,589 ----------- SOUTH CAROLINA -- (3.6%) Beaufort County (GO) Series A (ST AID WITHHLDG) 4.000%, 03/01/22 640 718,675 Beaufort County School District (GO) Series A (SCSDE) 5.000%, 03/01/23 6,000 7,155,000 Berkeley County School District (GO) Series A (SCSDE) 5.000%, 03/01/27 2,500 3,133,400 FACE AMOUNT (000) VALUE+ ------ ----------- SOUTH CAROLINA -- (Continued) Charleston County (GO) 5.000%, 11/01/23 1,000 $ 1,214,510 Charleston County School District (GO) Series A (SCSDE) 5.000%, 02/01/21 800 905,200 Clemson University (RB) Series B 5.000%, 05/01/25 750 925,800 Lexington & Richland School District No. 5 (GO) (SCSDE) 5.000%, 03/01/24 2,750 3,335,365 Richland County (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/26 1,870 2,341,951 South Carolina State (GO) Series A (ST AID WITHHLDG) 5.000%, 10/01/23 3,000 3,635,340 Spartanburg County (GO) (ST AID WITHHLDG) 5.000%, 04/01/19 1,210 1,290,767 ----------- TOTAL SOUTH CAROLINA 24,656,008 ----------- TENNESSEE -- (5.4%) City of Kingsport (GO) Series A 5.000%, 09/01/21 510 586,015 Hamilton County (GO) Series B 5.000%, 03/01/22 2,000 2,339,480 Maury County (GO) Series B 5.000%, 04/01/20 1,205 1,327,561 Metropolitan Government of Nashville & Davidson County (GO) 5.000%, 01/01/26 7,165 8,890,260 (currency) 5.000%, 01/01/27 (Pre-refunded @ $100, 1/1/18) 290 294,913 Metropolitan Government of Nashville & Davidson County (GO) Series C 5.000%, 07/01/21 5,000 5,717,600 Rutherford County (GO) Series B 5.000%, 04/01/23 4,085 4,877,735 Shelby County (GO) 5.000%, 04/01/25 5,000 6,168,300 Shelby County (GO) Series A 5.000%, 04/01/20 1,500 1,654,650 Sullivan County (GO) Series A 5.000%, 04/01/21 1,000 1,133,770 Sumner County (GO) 5.000%, 06/01/21 650 742,124 5.000%, 12/01/21 900 1,042,146 Washington County (GO) Series A 4.000%, 06/01/26 1,705 1,972,191 ----------- TOTAL TENNESSEE 36,746,745 ----------- DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- TEXAS -- (18.0%) City of Arlington (GO) 5.000%, 08/15/25 1,000 $ 1,231,620 City of Austin (GO) 5.000%, 09/01/25 2,305 2,865,023 City of Dallas (GO) 5.000%, 02/15/19 1,600 1,690,576 City of Dallas Waterworks & Sewer System Revenue (RB) Series A 5.000%, 10/01/22 9,000 10,612,530 City of Frisco (GO) Series A 5.000%, 02/15/25 2,000 2,455,300 City of Garland (GO) Series A 5.000%, 02/15/24 400 481,568 City of Houston (GO) Series A 5.000%, 03/01/18 300 307,194 City of Houston (RAN) 4.000%, 06/29/18 4,000 4,114,040 City of Lubbock (GO) 5.000%, 02/15/23 4,000 4,731,360 City of San Antonio (GO) 5.000%, 02/01/20 2,500 2,741,850 5.000%, 02/01/21 2,200 2,489,300 City of San Antonio Electric & Gas Systems Revenue (RB) 5.000%, 02/01/24 9,515 11,516,100 5.000%, 02/01/26 2,850 3,529,953 City of San Antonio Electric & Gas Systems Revenue (RB) Series D 5.000%, 02/01/19 310 328,681 City of Sugar Land (GO) 5.000%, 02/15/21 1,050 1,188,789 Conroe Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/26 8,710 10,812,158 Cypress-Fairbanks Independent School District (GO) (PSF-GTD) 5.000%, 02/15/21 800 906,048 Dallas County Community College District (GO) 5.000%, 02/15/23 7,965 9,453,897 El Paso Independent School District (GO) (PSF-GTD) 5.000%, 08/15/24 3,035 3,691,774 Frisco Independent School District (GO) (PSF-GTD) 5.000%, 08/15/20 2,460 2,740,760 Highland Park Independent School District (GO) 5.000%, 02/15/23 3,120 3,717,854 Houston Independent School District (GO) (PSF-GTD) 5.000%, 02/15/27 5,000 6,256,600 FACE AMOUNT (000) VALUE+ ------ ------------ TEXAS -- (Continued) Humble Independent School District (GO) Series A (PSF-GTD) 2.000%, 02/15/19 660 $ 670,421 Pflugerville Independent School District (GO) (PSF-GTD) 4.000%, 08/15/20 2,000 2,170,680 Plano Independent School District (GO) (PSF-GTD) 5.000%, 02/15/24 2,225 2,694,052 San Antonio Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20 1,790 1,964,883 Texas State (GO) 5.000%, 04/01/19 1,150 1,226,763 5.000%, 10/01/23 4,200 5,067,426 Texas Transportation Commission State Highway Fund (RB) 5.000%, 10/01/26 2,400 3,009,048 University of Texas System (The) (RB) Series C 5.000%, 08/15/19 100 108,094 University of Texas System (The) (RB) Series J 5.000%, 08/15/25 10,500 13,029,240 5.000%, 08/15/26 3,850 4,832,713 Ysleta Independent School District (GO) Series A (PSF-GTD) 5.000%, 08/15/20 460 512,205 ------------ TOTAL TEXAS 123,148,500 ------------ UTAH -- (1.6%) City of American Fork (GO) 5.000%, 05/01/26 1,165 1,438,810 Jordan School District (GO) (SCH BD GTY) 5.000%, 06/15/22 3,050 3,582,042 Tooele County School District (GO) Series B (SCH BD GTY) 5.000%, 06/01/22 650 762,840 Utah State (GO) 5.000%, 07/01/22 1,500 1,769,475 Utah State (GO) Series C 5.000%, 07/01/18 1,400 1,453,256 5.000%, 07/01/19 900 968,859 Weber School District (GO) (SCH BD GTY) 5.000%, 06/15/21 650 743,840 ------------ TOTAL UTAH 10,719,122 ------------ VERMONT -- (0.2%) Vermont State (GO) Series C 4.000%, 08/15/23 1,300 1,498,146 ------------ DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- VIRGINIA -- (5.3%) Arlington County (GO) Series B 5.000%, 08/15/22 4,830 $ 5,713,455 City of Lynchburg (GO) 5.000%, 02/01/26 1,930 2,397,292 City of Manassas (GO) Series C (ST AID WITHHLDG) 5.000%, 07/01/21 1,040 1,191,830 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/21 900 1,019,754 City of Virginia Beach (GO) Series A 4.000%, 08/01/17 650 650,000 City of Virginia Beach (GO) Series B (ST AID WITHHLDG) 5.000%, 09/15/24 3,000 3,697,080 Fairfax County (GO) Series A (ST AID WITHHLDG) 3.000%, 10/01/18 4,000 4,099,600 5.000%, 10/01/19 4,000 4,344,760 5.000%, 10/01/23 4,775 5,789,353 Fairfax County (GO) Series B (ST AID WITHHLDG) 5.000%, 10/01/18 400 419,184 Loudoun County (GO) Series A 5.000%, 12/01/21 5,000 5,805,750 Virginia Public Building Authority (RB) Series C 5.000%, 08/01/23 600 721,866 Virginia Resources Authority (RB) Series D 5.000%, 11/01/20 200 224,926 ----------- TOTAL VIRGINIA 36,074,850 ----------- WASHINGTON -- (5.5%) City of Marysville Water & Sewer Revenue (RB) 5.000%, 04/01/20 175 192,315 City of Seattle Municipal Light & Power Revenue (RB) Series B 5.000%, 04/01/24 3,000 3,637,770 City of Seattle Water System Revenue (RB) 5.000%, 09/01/19 190 205,753 City of Spokane (GO) 5.000%, 12/01/25 1,165 1,439,905 Clark County School District No. 119 Battleground (GO) (SCH BD GTY) 4.000%, 12/01/21 510 567,757 King & Snohomish Counties School District No. 417 Northshore (GO) (SCH BD GTY) 5.000%, 12/01/19 2,825 3,077,470 FACE AMOUNT (000) VALUE+ ------ ----------- WASHINGTON -- (Continued) King County (GO) Series A 5.000%, 07/01/20 700 $ 779,275 5.000%, 12/01/25 1,830 2,292,203 King County School District No. 405 Bellevue (GO) (SCH BD GTY) 5.000%, 12/01/24 2,265 2,797,207 King County School District No. 414 Lake Washington (GO) (SCH BD GTY) 5.000%, 12/01/22 925 1,098,502 King County Sewer Revenue (RB) Series B 5.000%, 07/01/22 5,640 6,614,987 North Thurston Public Schools (GO) (SCH BD GTY) 5.000%, 12/01/22 2,080 2,463,094 Washington State (GO) Series 2017-A 5.000%, 08/01/26 1,480 1,849,364 Washington State (GO) Series A 5.000%, 08/01/21 500 574,100 Washington State (GO) Series C 5.000%, 02/01/25 1,930 2,373,340 Washington State (GO) Series R-2012A 5.000%, 07/01/19 1,585 1,706,268 Washington State (GO) Series R-2012C 4.000%, 07/01/21 150 166,121 Washington State (GO) Series R-2013A 5.000%, 07/01/20 2,775 3,089,269 Washington State (GO) Series R-2015 5.000%, 07/01/18 650 674,544 Washington State (GO) Series R-2015A 5.000%, 07/01/20 1,560 1,736,670 ----------- TOTAL WASHINGTON 37,335,914 ----------- WISCONSIN -- (4.0%) City of Janesville (GO) 3.000%, 03/01/24 1,245 1,347,737 City of Milwaukee (GO) 5.000%, 05/01/20 2,370 2,619,845 City of Milwaukee (GO) Series N1 5.000%, 02/01/19 100 105,980 City of Milwaukee (GO) Series N2 4.000%, 03/01/24 6,500 7,474,610 City of Oshkosh (GO) Series B 3.000%, 12/01/23 650 702,514 DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ------------ WISCONSIN -- (Continued) Germantown School District (GO) Series A 5.000%, 04/01/27 2,200 $ 2,737,768 Oregon School District (GO) 3.000%, 03/01/21 1,900 2,014,608 Wisconsin State (GO) Series 1 5.000%, 11/01/24 4,025 4,935,857 Wisconsin State (GO) Series 2 5.000%, 11/01/20 800 899,432 5.000%, 11/01/22 600 710,844 Wisconsin State (GO) Series B 5.000%, 05/01/21 3,405 3,879,998 ------------ TOTAL WISCONSIN 27,429,193 ------------ TOTAL MUNICIPAL BONDS 683,909,888 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $676,586,861)^^ $683,909,888 ============ DFA MUNICIPAL REAL RETURN PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Municipal Bonds -- $683,909,888 -- $683,909,888 Swap Agreements** -- 4,111,054 -- 4,111,054 -- ------------ -- ------------ TOTAL -- $688,020,942 -- $688,020,942 == ============ == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ---------- MUNICIPAL BONDS -- (100.0%) ALABAMA -- (0.8%) Alabama State (GO) Series A 5.000%, 08/01/20 200 $ 222,976 5.000%, 08/01/21 1,000 1,147,780 5.000%, 08/01/23 300 361,317 Baldwin County (GO) 4.000%, 05/01/20 610 656,482 ---------- TOTAL ALABAMA 2,388,555 ---------- ALASKA -- (0.6%) Alaska State (GO) Series B 5.000%, 08/01/20 290 321,682 Borough of Fairbanks North Star (GO) Series S 4.000%, 10/01/21 560 619,842 City of Anchorage (GO) Series A 3.000%, 09/01/22 765 827,133 ---------- TOTAL ALASKA 1,768,657 ---------- ARIZONA -- (0.5%) City of Chandler (GO) 3.000%, 07/01/20 550 580,993 City of Phoenix (GO) 4.000%, 07/01/21 500 554,140 Maricopa County School District No. 3 Tempe Elementary (GO) 3.000%, 07/01/21 550 586,404 ---------- TOTAL ARIZONA 1,721,537 ---------- ARKANSAS -- (1.0%) Arkansas State (GO) 5.000%, 04/01/21 400 456,132 5.000%, 06/15/21 1,250 1,434,037 5.000%, 04/01/22 1,110 1,300,088 ---------- TOTAL ARKANSAS 3,190,257 ---------- CALIFORNIA -- (0.1%) City of Los Angeles (RN) 5.000%, 06/28/18 400 415,140 ---------- COLORADO -- (1.8%) City & County of Denver (GO) Series A 5.000%, 08/01/17 125 125,000 Denver City & County School District No. 1 (GO) Series B (ST AID WITHHLDG) 5.000%, 12/01/24 550 677,946 Pueblo City Schools (GO) (ST AID WITHHLDG) 5.000%, 12/15/20 550 618,365 FACE AMOUNT (000) VALUE+ ------ ---------- COLORADO -- (Continued) Weld County School District No. RE-4 (GO) (ST INTERCEPT) 4.000%, 12/01/22 1,140 $1,292,897 5.000%, 12/01/24 2,280 2,790,994 ---------- TOTAL COLORADO 5,505,202 ---------- CONNECTICUT -- (0.4%) Connecticut State (GO) Series E 4.000%, 09/15/20 550 588,231 Hartford County Metropolitan District (GO) 5.000%, 03/01/19 600 633,000 ---------- TOTAL CONNECTICUT 1,221,231 ---------- DELAWARE -- (0.8%) Kent County (GO) 4.000%, 09/01/24 415 478,097 New Castle County (GO) 5.000%, 10/01/23 1,600 1,937,792 ---------- TOTAL DELAWARE 2,415,889 ---------- DISTRICT OF COLUMBIA -- (0.4%) District of Columbia (GO) Series B (AGM) 5.250%, 06/01/18 1,300 1,347,073 ---------- FLORIDA -- (2.3%) City of Port State Lucie (GO) 5.000%, 07/01/20 420 465,011 Flagler County (GO) (BAM) 5.000%, 07/01/22 465 540,335 Florida State Board of Education (GO) Series A 5.000%, 06/01/18 725 749,817 5.000%, 06/01/19 100 107,339 5.000%, 06/01/24 350 427,686 Florida's Turnpike Enterprise (RB) Series B 5.000%, 07/01/19 1,135 1,221,169 Miami-Dade County (GO) Series D 5.000%, 07/01/20 2,000 2,222,240 Orange County Water Utility System Revenue (RB) 5.000%, 10/01/21 525 604,805 Palm Beach County (RB) 5.000%, 11/01/23 810 975,694 ---------- TOTAL FLORIDA 7,314,096 ---------- GEORGIA -- (2.7%) Cobb County (TAN) 2.000%, 11/30/17 550 552,101 DFA MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- GEORGIA -- (Continued) Columbia County School District (GO) (ST AID WITHHLDG) 5.000%, 04/01/20 1,305 $1,437,731 Georgia State (GO) Series C 5.000%, 07/01/19 2,000 2,153,420 Georgia State Road & Tollway Authority (RB) (GTD) 5.000%, 10/01/23 3,455 4,188,946 ---------- TOTAL GEORGIA 8,332,198 ---------- HAWAII -- (2.1%) City & County of Honolulu (GO) Series B 5.000%, 10/01/23 150 181,077 5.000%, 10/01/25 725 897,238 Hawaii County (GO) Series B 5.000%, 09/01/18 420 438,472 Hawaii County (GO) Series D 5.000%, 09/01/20 1,375 1,535,944 Hawaii State (GO) Series DQ 5.000%, 06/01/19 300 322,017 Hawaii State (GO) Series EE 5.000%, 11/01/20 1,300 1,462,019 Maui County (GO) 5.000%, 06/01/18 1,560 1,613,133 ---------- TOTAL HAWAII 6,449,900 ---------- INDIANA -- (1.0%) Indiana University (RB) Series A 5.000%, 06/01/21 2,755 3,149,929 ---------- IOWA -- (1.1%) City of Davenport (GO) Series C 4.000%, 06/01/24 1,410 1,614,281 Iowa Finance Authority (RB) (currency) 5.000%, 08/01/20 (Pre-refunded @ $100, 8/1/19) 500 539,395 State of Iowa (RB) Series A (ETM) 5.000%, 06/01/18 1,115 1,153,077 ---------- TOTAL IOWA 3,306,753 ---------- KANSAS -- (1.7%) City of Wichita (GO) Series 811 5.000%, 06/01/22 550 642,950 Johnson County (GO) Series B 5.000%, 09/01/22 650 768,151 Johnson County Unified School District No. 229 Blue Valley (GO) Series B 5.000%, 10/01/23 750 906,862 FACE AMOUNT (000) VALUE+ ------ ---------- KANSAS -- (Continued) Kansas State Department of Transportation (RB) Series A 5.000%, 09/01/17 1,000 $1,003,280 Saline County Unified School District No. 305 Salina (GO) 5.000%, 09/01/20 1,900 2,117,512 ---------- TOTAL KANSAS 5,438,755 ---------- KENTUCKY -- (3.0%) Kentucky State Economic Development Finance Authority (RB) Series A (currency) 5.000%, 05/01/24 (Pre-refunded @ $100, 5/1/19) 2,300 2,459,919 Louisville & Jefferson County (GO) Series E 5.000%, 12/01/17 1,065 1,079,527 Louisville & Jefferson County (RB) (currency) 5.000%, 12/01/35 (Pre-refunded @ $100, 6/1/22) 2,200 2,584,186 Louisville & Jefferson County Metropolitan Sewer District (RB) Series C 5.000%, 05/15/23 1,850 2,199,465 Louisville Water Co. (RB) Series A 4.000%, 11/15/21 800 893,240 ---------- TOTAL KENTUCKY 9,216,337 ---------- LOUISIANA -- (0.2%) Louisiana State (GO) Series C 5.000%, 08/01/23 500 593,345 ---------- MARYLAND -- (3.5%) Anne Arundel County (GO) 5.000%, 10/01/20 500 561,075 Baltimore County (GO) 5.000%, 08/01/20 750 836,400 5.000%, 08/01/22 600 708,294 Carroll County (GO) 5.000%, 11/01/21 550 636,223 Harford County (GO) 5.000%, 09/15/17 1,205 1,210,941 Harford County (GO) Series A 5.000%, 09/15/20 570 638,850 Maryland State (GO) Series B 4.000%, 08/01/23 850 978,758 Maryland State (GO) Series C 5.000%, 11/01/19 915 996,874 5.000%, 08/01/20 700 781,739 Maryland State (GO) Series C-2 5.000%, 08/01/22 1,000 1,181,020 DFA MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- MARYLAND -- (Continued) Montgomery County (GO) Series B 5.000%, 12/01/21 350 $ 406,564 Washington Suburban Sanitary Commission (GO) 5.000%, 06/01/24 655 803,240 Worcester County (GO) Series B 4.000%, 08/01/21 1,000 1,109,300 ----------- TOTAL MARYLAND 10,849,278 ----------- MASSACHUSETTS -- (5.1%) City of Everett (GO) 4.000%, 02/15/18 1,895 1,927,007 City of Lowell (GO) (ST AID WITHHLDG) 4.000%, 09/01/23 250 285,083 City of Somerville (BAN) 2.000%, 06/08/18 1,250 1,261,287 City of Springfield (GO) Series C (ST AID WITHHLDG) 4.000%, 08/01/23 285 325,000 Commonwealth of Massachusetts (GO) Series A 5.000%, 03/01/18 2,500 2,560,400 5.000%, 07/01/26 1,250 1,560,450 Commonwealth of Massachusetts (GO) Series B (AGM) 5.250%, 09/01/24 400 495,816 Commonwealth of Massachusetts (GO) Series C 5.000%, 08/01/20 100 111,520 5.000%, 10/01/21 1,750 2,019,097 Massachusetts Health & Educational Facilities Authority (RB) Series E-2 (currency) 5.375%, 07/01/22 (Pre-refunded @ $100, 7/1/18) 845 879,231 Tantasqua Regional School District (GO) 5.000%, 10/01/19 1,360 1,475,083 Town of Holbrook (GO) 5.000%, 12/01/21 755 871,142 Town of Lexington (BAN) 2.000%, 02/16/18 2,200 2,213,024 ----------- TOTAL MASSACHUSETTS 15,984,140 ----------- MICHIGAN -- (1.2%) Michigan State Trunk Line Revenue (RB) 5.000%, 11/15/17 1,055 1,067,649 5.000%, 11/15/18 2,515 2,646,912 ----------- TOTAL MICHIGAN 3,714,561 ----------- FACE AMOUNT (000) VALUE+ ------ ----------- MINNESOTA -- (3.4%) Bloomington Independent School District No. 271 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21 1,100 $ 1,243,440 Elk River Independent School District No. 728 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21 520 588,760 Elk River Independent School District No. 728 (GO) Series C (SD CRED PROG) 5.000%, 02/01/21 3,000 3,396,690 Hennepin County (GO) Series B 5.000%, 12/01/21 350 407,368 Lakeville Independent School District No.194 (GO) Series D (SD CRED PROG) 5.000%, 02/01/18 1,780 1,816,899 Minnesota State (GO) Series B 5.000%, 10/01/19 600 651,714 Minnesota State (GO) Series E 5.000%, 08/01/22 760 897,978 State Paul Independent School District No. 625 (GO) Series B (SD CRED PROG) 5.000%, 02/01/21 1,425 1,613,428 ----------- TOTAL MINNESOTA 10,616,277 ----------- MISSISSIPPI -- (0.5%) Mississippi State (GO) Series C 5.000%, 10/01/18 825 864,072 5.000%, 10/01/20 500 559,750 ----------- TOTAL MISSISSIPPI 1,423,822 ----------- MISSOURI -- (1.2%) City of O'Fallon (GO) 5.000%, 03/01/18 965 988,025 Missouri State (GO) Series A 4.000%, 10/01/17 2,900 2,915,109 ----------- TOTAL MISSOURI 3,903,134 ----------- NEBRASKA -- (0.5%) Lancaster County School District 001 (GO) 5.000%, 01/15/21 700 791,910 Metropolitan Utilities District of Omaha (RB) 5.000%, 12/01/20 300 337,179 Southern Public Power District (RB) 5.000%, 12/15/21 400 460,600 ----------- TOTAL NEBRASKA 1,589,689 ----------- DFA MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- NEVADA -- (1.7%) Clark County School District (GO) Series A 5.000%, 06/15/21 1,250 $1,417,262 Nevada State (GO) Series C 5.000%, 11/01/24 450 550,463 Nevada State (GO) Series D-1 5.000%, 03/01/22 250 290,615 Nevada State (RB) 5.000%, 12/01/17 1,550 1,571,514 Nevada State Highway Improvement Revenue (RB) 4.000%, 12/01/17 1,000 1,010,540 Washoe County School District (GO) Series A 3.000%, 06/01/19 550 569,970 ---------- TOTAL NEVADA 5,410,364 ---------- NEW HAMPSHIRE -- (1.3%) City of Dover (GO) 3.000%, 06/15/20 610 642,257 City of Nashua (GO) 4.000%, 07/15/24 770 883,991 City of Portsmouth (BAN) 3.000%, 06/22/18 2,200 2,240,414 New Hampshire State (GO) Series B 5.000%, 06/01/19 250 268,205 ---------- TOTAL NEW HAMPSHIRE 4,034,867 ---------- NEW MEXICO -- (0.6%) New Mexico State (GO) 5.000%, 03/01/21 1,000 1,135,690 Santa Fe County (GO) 5.000%, 07/01/22 710 831,999 ---------- TOTAL NEW MEXICO 1,967,689 ---------- NEW YORK -- (5.0%) City of New York (GO) Series 1 3.000%, 08/01/17 450 450,000 City of New York (GO) Series A 5.000%, 08/01/17 500 500,000 5.000%, 08/01/24 100 121,749 City of New York (GO) Series B 5.000%, 08/01/19 100 107,859 City of New York (GO) Series E 5.000%, 08/01/19 250 269,648 5.000%, 08/01/21 265 303,936 City of New York (GO) Series F 5.000%, 08/01/21 450 516,118 City of New York (GO) Series F-1 5.000%, 06/01/21 825 941,927 FACE AMOUNT (000) VALUE+ ------ ---------- NEW YORK -- (Continued) Metropolitan Transportation Authority (RB) Series B (currency) 5.000%, 11/15/20 (Pre-refunded @ $100, 11/15/17) 370 $ 374,418 Metropolitan Transportation Authority (RB) Series C 4.000%, 11/15/17 1,450 1,463,427 Middle Country Central School District (GO) (ST AID WITHHLDG) 2.000%, 08/15/21 400 410,332 Middletown City School District (GO) (ST AID WITHHLDG) 2.000%, 06/15/20 760 776,211 New York City Transitional Finance Authority Future Tax Secured Revenue (RB) Series G (ETM) 5.000%, 11/01/17 800 808,136 New York State Dormitory Authority (RB) Series A 5.000%, 02/15/18 150 153,378 5.000%, 03/15/19 350 373,093 5.000%, 03/15/21 1,000 1,137,520 5.000%, 03/15/23 600 718,068 New York State Dormitory Authority (RB) Series B 5.000%, 02/15/22 800 932,584 5.000%, 02/15/24 300 363,864 New York State Dormitory Authority (RB) Series C 5.000%, 03/15/19 250 266,495 New York State Environmental Facilities Corp. (RB) Series A 5.000%, 12/15/17 170 172,608 New York State Thruway Authority (RB) Series A 5.000%, 03/15/18 350 359,086 New York State Urban Development Corp. (RB) Series A 5.000%, 03/15/20 810 893,025 5.000%, 03/15/25 500 614,995 North Shore Central School District (GO) (ST AID WITHHLDG) 2.000%, 12/15/23 315 324,721 Riverhead Central School District (GO) (ST AID WITHHLDG) 2.000%, 10/15/22 540 555,914 Town of Brookhaven (GO) Series A 3.000%, 02/01/18 650 656,916 Town of Hempstead (GO) Series A 4.000%, 04/15/18 650 664,111 DFA MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- NEW YORK -- (Continued) Triborough Bridge & Tunnel Authority (RB) Series B 5.000%, 11/15/18 325 $ 342,261 ----------- TOTAL NEW YORK 15,572,400 ----------- NORTH CAROLINA -- (3.9%) City of Charlotte Water & Sewer System Revenue (RB) 5.000%, 07/01/19 3,000 3,227,160 New Hanover County (GO) 5.000%, 02/01/23 1,550 1,854,079 North Carolina Eastern Municipal Power Agency (RB) Series B (NATL-IBC) (ETM) 6.000%, 01/01/22 1,725 2,082,989 North Carolina Medical Care Commission (RB) Series D (currency) 6.250%, 12/01/33 (Pre-refunded @ $100, 12/1/18) 1,000 1,069,890 North Carolina State (GO) Series B 5.000%, 06/01/25 1,405 1,750,433 North Carolina State (GO) Series D 4.000%, 06/01/23 350 402,231 Wake County (GO) 5.000%, 03/01/19 160 170,096 5.000%, 09/01/21 1,300 1,499,368 ----------- TOTAL NORTH CAROLINA 12,056,246 ----------- NORTH DAKOTA -- (0.6%) City of West Fargo (GO) Series A 5.000%, 05/01/24 1,150 1,371,432 North Dakota State University of Agriculture & Applied Science (RB) Series A 5.000%, 04/01/21 500 564,010 ----------- TOTAL NORTH DAKOTA 1,935,442 ----------- OHIO -- (2.8%) City of Columbus (GO) Series A 3.000%, 07/01/22 835 902,727 City of Columbus (GO) Series B 5.000%, 02/15/23 475 566,020 Hamilton County Sewer System Revenue (RB) Series A 5.000%, 12/01/21 500 578,970 Ohio State (GO) Series A 5.000%, 09/15/21 800 922,432 5.000%, 08/01/22 1,000 1,179,420 5.000%, 09/15/22 750 887,332 Ohio State (GO) Series B 5.000%, 06/15/22 450 529,196 FACE AMOUNT (000) VALUE+ ------ ---------- OHIO -- (Continued) Ohio State (GO) Series C 2.000%, 11/01/17 1,500 $1,504,455 Ohio State Water Development Authority (RB) Series A 5.000%, 06/01/21 1,550 1,772,812 ---------- TOTAL OHIO 8,843,364 ---------- OKLAHOMA -- (0.5%) City of Tulsa (GO) 4.000%, 03/01/18 1,500 1,527,165 ---------- OREGON -- (1.4%) City of McMinnville (GO) 5.000%, 02/01/22 290 335,872 City of Portland Water System Revenue (RB) Series A 5.000%, 04/01/21 1,250 1,424,925 Lane County School District No. 4J Eugene (GO) (SCH BD GTY) 3.000%, 06/15/25 940 1,026,715 Oregon State (GO) Series E 5.000%, 08/01/21 410 471,455 Oregon State (GO) Series F 3.000%, 05/01/20 750 789,870 Oregon State (GO) Series L 5.000%, 11/01/19 200 217,848 ---------- TOTAL OREGON 4,266,685 ---------- PENNSYLVANIA -- (0.4%) Berks County (GO) 5.000%, 11/15/22 445 525,060 Commonwealth of Pennsylvania (GO) Series 1 5.000%, 07/01/21 550 623,969 ---------- TOTAL PENNSYLVANIA 1,149,029 ---------- RHODE ISLAND -- (1.5%) Rhode Island State (GO) Series A 5.000%, 08/01/19 1,800 1,939,230 Rhode Island State (GO) Series C 5.000%, 08/01/17 2,780 2,780,000 ---------- TOTAL RHODE ISLAND 4,719,230 ---------- SOUTH CAROLINA -- (2.4%) Aiken County Consolidated School District (GO) Series A (SCSDE) 5.000%, 03/01/20 770 846,107 Anderson County School District No. 4 (GO) Series A (SCSDE) 5.000%, 03/01/21 500 565,965 DFA MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- SOUTH CAROLINA -- (Continued) Charleston County School District (BAN) Series A (SCSDE) 2.000%, 11/16/17 1,800 $ 1,806,048 City of North Charleston (GO) (ST AID WITHHLDG) 5.000%, 06/01/21 500 569,860 Clemson University (RB) Series B 5.000%, 05/01/25 750 925,800 Lexington & Richland School District No. 5 (GO) (SCSDE) 5.000%, 03/01/19 1,440 1,530,633 Richland County School District No. 2 (GO) (SCSDE) 5.000%, 03/01/20 500 549,020 Richland County School District No. 2 (GO) Series A (SCSDE) 5.000%, 02/01/20 600 657,108 ----------- TOTAL SOUTH CAROLINA 7,450,541 ----------- TENNESSEE -- (5.3%) Blount County (GO) Series B 5.000%, 06/01/22 2,635 3,088,378 City of Clarksville Water Sewer & Gas Revenue (RB) 5.000%, 02/01/20 565 618,777 City of Knoxville Wastewater System Revenue (RB) Series A 5.000%, 04/01/19 1,825 1,945,870 City of Knoxville Wastewater System Revenue (RB) Series B 4.000%, 04/01/22 310 347,135 City of Memphis (GO) Series A 5.000%, 04/01/25 1,250 1,537,037 Hamilton County (GO) Series B 5.000%, 03/01/22 1,735 2,029,499 Metropolitan Government of Nashville & Davidson County (GO) 5.000%, 07/01/22 650 763,380 Metropolitan Government of Nashville & Davidson County (GO) Series A (currency) 5.000%, 07/01/25 (Pre-refunded @ $100, 7/1/20) 3,000 3,330,630 Sullivan County (GO) Series A 5.000%, 04/01/21 450 510,197 Sumner County (GO) 5.000%, 12/01/21 230 266,326 5.000%, 12/01/22 640 757,152 Town of Collierville (GO) Series A 5.000%, 01/01/21 1,095 1,234,831 ----------- TOTAL TENNESSEE 16,429,212 ----------- FACE AMOUNT (000) VALUE+ ------ ---------- TEXAS -- (15.9%) Bexar County (GO) 5.000%, 06/15/20 500 $ 554,275 5.000%, 06/15/21 1,275 1,455,948 City of Dallas (GO) Series A 5.000%, 02/15/21 500 560,735 City of Fort Worth Water & Sewer System (RB) 5.000%, 02/15/19 180 191,014 City of Fort Worth Water & Sewer System Revenue (RB) Series A 5.000%, 02/15/25 1,930 2,367,840 City of Garland (GO) Series A 5.000%, 02/15/24 200 240,784 City of Houston (RAN) 4.000%, 06/29/18 3,000 3,085,530 City of Houston Combined Utility System Revenue (RB) (ASSURED GTY) (currency) 5.375%, 11/15/38 (Pre-refunded @ $100, 5/15/19) 5,000 5,383,750 City of Irving (GO) Series A 5.000%, 09/15/18 710 742,511 City of San Antonio Electric & Gas Systems Revenue (RB) 5.000%, 02/01/21 700 792,820 5.000%, 02/01/22 2,025 2,354,913 Cypress-Fairbanks Independent School District (GO) (PSF-GTD) 5.000%, 02/15/21 790 894,722 El Paso Independent School District (GO) (PSF-GTD) 5.000%, 08/15/24 500 608,200 Fort Bend Independent School District (GO) Series C (PSF-GTD) 5.000%, 02/15/24 1,275 1,542,890 Fort Worth Independent School District (GO) (PSF-GTD) 5.000%, 02/15/26 445 551,613 Grapevine-Colleyville Independent School District (GO) (PSF-GTD) 2.000%, 08/15/19 1,500 1,530,120 Harris County (GO) Series A 5.000%, 10/01/19 1,000 1,083,270 Highland Park Independent School District (GO) 5.000%, 02/15/23 2,000 2,383,240 Highland Park Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20 1,500 1,647,330 Houston Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/26 750 931,012 DFA MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- TEXAS -- (Continued) Humble Independent School District (GO) Series B (PSF-GTD) 5.000%, 02/15/20 1,000 $ 1,097,170 Katy Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/20 750 822,878 5.000%, 02/15/21 400 451,984 Northwest Independent School District (GO) Series A (PSF-GTD) 5.000%, 02/15/24 1,000 1,209,420 Permanent University Fund - University of Texas System (RB) Series B 5.000%, 07/01/20 2,875 3,197,977 San Antonio Independent School District (GO) (PSF-GTD) 5.000%, 02/15/20 400 439,080 Texas State (GO) 5.000%, 04/01/19 250 266,688 5.000%, 10/01/23 375 452,449 5.000%, 04/01/25 2,185 2,695,547 Texas State (GO) Series A 5.000%, 10/01/21 1,300 1,499,329 5.000%, 10/01/25 845 1,048,637 Texas Transportation Commission State Highway Fund (RB) Series A 5.000%, 10/01/19 1,000 1,085,070 University of Texas System (The) (RB) Series A 5.250%, 08/15/18 800 836,048 University of Texas System (The) (RB) Series D 5.000%, 08/15/21 615 707,527 University of Texas System (The) (RB) Series J 5.000%, 08/15/25 3,000 3,722,640 Wylie Independent School District (GO) Series C (PSF-GTD) 6.750%, 08/15/18 1,000 1,060,670 ----------- TOTAL TEXAS 49,495,631 ----------- UTAH -- (1.6%) Alpine School District (GO) (SCH BD GTY) 5.000%, 03/15/21 550 626,054 Central Utah Water Conservancy District (RB) Series A 5.000%, 10/01/20 450 504,522 Snyderville Basin Special Recreation District (GO) Series B 4.000%, 12/15/20 540 589,739 Utah State (GO) 5.000%, 07/01/22 800 943,720 FACE AMOUNT (000) VALUE+ ------ ----------- UTAH -- (Continued) Utah State (GO) Series C 5.000%, 07/01/18 1,650 $ 1,712,766 Washington County School District Board of Education/ St George (GO) (SCH BD GTY) 5.000%, 03/01/18 475 486,448 ----------- TOTAL UTAH 4,863,249 ----------- VERMONT -- (0.4%) Vermont State (GO) Series B 5.000%, 08/15/23 1,000 1,210,150 VIRGINIA -- (2.3%) City of Hampton (GO) Series B (ST AID WITHHLDG) 5.000%, 09/01/21 840 965,924 5.000%, 09/01/22 475 560,315 City of Richmond (GO) Series A (ST AID WITHHLDG) 5.000%, 03/01/20 1,635 1,797,486 Loudoun County (GO) Series B (ST AID WITHHLDG) 5.000%, 12/01/20 550 620,279 Pittsylvania County (GO) (ST AID WITHHLDG) 5.000%, 02/01/21 1,830 2,063,252 Virginia Resources Authority (RB) (currency) 5.000%, 10/01/22 (Pre-refunded @ $100, 10/1/18) 1,000 1,047,600 ----------- TOTAL VIRGINIA 7,054,856 ----------- WASHINGTON -- (9.4%) City of Marysville Water & Sewer Revenue (RB) 5.000%, 04/01/20 755 829,700 City of Seattle Drainage & Wastewater Revenue (RB) 5.000%, 09/01/20 1,500 1,678,965 5.000%, 04/01/21 445 507,104 City of Seattle Municipal Light & Power Revenue (RB) 5.000%, 09/01/20 650 726,505 County of Kitsap WA (GO) 5.000%, 06/01/21 1,455 1,653,607 King County (GO) Series A 5.000%, 07/01/20 265 295,011 King County (GO) Series E 5.000%, 12/01/17 1,000 1,013,840 King County School District No. 405 Bellevue (GO) Series A (SCH BD GTY) 5.000%, 12/01/18 500 526,990 5.000%, 12/01/20 1,350 1,522,975 DFA MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- WASHINGTON -- (Continued) King County School District No. 411 Issaquah (GO) (SCH BD GTY) 5.000%, 12/01/23 1,440 $ 1,747,987 King County School District No. 414 Lake Washington (GO) (SCH BD GTY) 5.000%, 12/01/22 2,000 2,375,140 King County Sewer Revenue (RB) 5.000%, 01/01/21 585 659,073 King County Sewer Revenue (RB) Series B 5.000%, 07/01/25 1,305 1,611,623 Pierce County School District No.10 Tacoma (GO) (SCH BD GTY) 5.000%, 12/01/18 500 526,920 Snohomish County Public Utility District No. 1 (RB) 5.000%, 12/01/18 895 942,337 Snohomish County School District No. 6 Mukilteo (GO) (SCH BD GTY) 5.000%, 12/01/25 2,000 2,478,880 Spokane County (GO) 5.000%, 12/01/20 450 503,734 Tacoma Metropolitan Park District (GO) Series B 5.000%, 12/01/21 350 404,639 Washington Health Care Facilities Authority (RB) (currency) 7.375%, 03/01/38 (Pre-refunded @ $100, 3/1/19) 1,000 1,100,200 Washington State (GO) Series 2013A 5.000%, 08/01/21 200 229,640 Washington State (GO) Series 2017-A 5.000%, 08/01/26 1,675 2,093,030 Washington State (GO) Series A-1 5.000%, 08/01/21 800 918,560 Washington State (GO) Series B 4.000%, 07/01/18 1,000 1,028,710 5.000%, 07/01/20 325 361,806 5.000%, 07/01/25 475 587,000 Washington State (GO) Series R-2012C 4.000%, 07/01/21 100 110,747 Washington State (GO) Series R-2013A 5.000%, 07/01/21 1,520 1,741,282 Washington State (GO) Series R-2015E 5.000%, 07/01/18 1,005 1,042,949 ----------- TOTAL WASHINGTON 29,218,954 ----------- FACE AMOUNT (000) VALUE+ ------ ------------ WEST VIRGINIA -- (1.0%) Jefferson County Board of Education (GO) (WV BD COMM) 4.000%, 05/01/20 250 $ 267,715 West Virginia State (GO) 4.000%, 11/01/20 1,975 2,154,389 West Virginia State (GO) Series A 5.000%, 06/01/19 550 589,738 ------------ TOTAL WEST VIRGINIA 3,011,842 ------------ WISCONSIN -- (6.1%) City of Janesville (GO) 3.000%, 03/01/24 2,000 2,165,040 City of Madison Water Utility Revenue (RB) 5.000%, 01/01/21 1,000 1,124,120 City of Milwaukee (GO) Series N3 5.000%, 05/15/20 1,000 1,106,890 Milwaukee County (GO) Series E 2.000%, 12/01/20 1,060 1,085,482 Milwaukee County Metropolitan Sewer District (GO) Series A 5.000%, 10/01/25 2,635 3,274,515 Oak Creek Franklin Joint School District (GO) Series B 3.000%, 04/01/20 630 659,944 Wisconsin Health & Educational Facilities Authority (RB) Series A (currency) 5.250%, 12/01/35 (Pre-refunded @ $100, 12/3/18) 2,500 2,638,975 Wisconsin State (GO) Series 1 5.000%, 05/01/19 500 534,945 Wisconsin State (GO) Series 1 (AMBAC) 5.000%, 05/01/19 1,310 1,401,556 Wisconsin State (GO) Series 2 5.000%, 11/01/20 600 674,574 5.000%, 11/01/22 1,400 1,658,636 Wisconsin State (GO) Series 3 5.000%, 11/01/22 1,800 2,132,532 Wisconsin State (GO) Series B 5.000%, 05/01/21 400 455,800 ------------ TOTAL WISCONSIN 18,913,009 ------------ TOTAL MUNICIPAL BONDS 310,985,680 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $307,663,631)^^ $310,985,680 ============ DFA MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Municipal Bonds -- $310,985,680 -- $310,985,680 -- ------------ -- ------------ TOTAL -- $310,985,680 -- $310,985,680 == ============ == ============ CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------ -------- COMMON STOCKS -- (94.4%) Consumer Discretionary -- (16.2%) * 1-800-Flowers.com, Inc. Class A 600 $ 5,790 Aaron's, Inc. 1,222 56,554 Adient P.L.C. 403 26,384 Adtalem Global Education, Inc. 1,197 38,903 Advance Auto Parts, Inc. 495 55,445 * Amazon.com, Inc. 713 704,287 # AMC Entertainment Holdings, Inc. Class A 1,323 26,989 #* AMC Networks, Inc. Class A 412 26,347 * America's Car-Mart, Inc. 140 5,488 * American Axle & Manufacturing Holdings, Inc. 1,414 20,842 American Eagle Outfitters, Inc. 3,500 41,440 #* American Outdoor Brands Corp. 1,129 23,336 Aramark 2,812 112,086 * Asbury Automotive Group, Inc. 700 37,800 * Ascent Capital Group, Inc. Class A 200 3,380 # Autoliv, Inc. 600 65,034 #* AutoNation, Inc. 1,520 64,418 * AutoZone, Inc. 25 13,496 #* AV Homes, Inc. 469 7,527 * Barnes & Noble Education, Inc. 929 6,717 Beasley Broadcast Group, Inc. Class A 300 3,150 Bed Bath & Beyond, Inc. 1,500 44,850 * Belmond, Ltd. Class A 1,713 22,355 Best Buy Co., Inc. 3,240 189,022 # Big 5 Sporting Goods Corp. 600 6,450 # Big Lots, Inc. 1,158 57,518 * Biglari Holdings, Inc. 28 10,481 * BJ's Restaurants, Inc. 536 18,921 Bloomin' Brands, Inc. 1,659 28,916 Bob Evans Farms, Inc. 400 27,672 * Bojangles', Inc. 1,056 14,045 BorgWarner, Inc. 1,629 76,139 * Bright Horizons Family Solutions, Inc. 712 56,255 Brinker International, Inc. 525 18,622 Brunswick Corp. 1,491 84,406 # Buckle, Inc. (The) 400 6,840 * Buffalo Wild Wings, Inc. 200 21,500 * Build-A-Bear Workshop, Inc. 500 4,800 * Burlington Stores, Inc. 364 31,679 * Cabela's, Inc. 935 53,276 Cable One, Inc. 82 62,312 # CalAtlantic Group, Inc. 1,848 64,865 Caleres, Inc. 960 26,189 Callaway Golf Co. 980 12,475 * Cambium Learning Group, Inc. 1,078 5,304 Capella Education Co. 231 15,870 * Career Education Corp. 2,500 21,025 #* CarMax, Inc. 2,088 138,330 Carnival Corp. 1,701 113,593 Carriage Services, Inc. 300 7,317 * Carrols Restaurant Group, Inc. 883 10,773 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) Carter's, Inc. 474 $ 41,110 Cato Corp. (The) Class A 700 11,907 * Cavco Industries, Inc. 200 26,080 CBS Corp. Class B 1,076 70,833 * Century Communities, Inc. 400 10,360 * Charter Communications, Inc. Class A 972 380,937 # Cheesecake Factory, Inc. (The) 800 38,064 Chico's FAS, Inc. 2,100 19,215 # Children's Place, Inc. (The) 500 52,825 #* Chipotle Mexican Grill, Inc. 51 17,532 Choice Hotels International, Inc. 490 31,679 * Chuy's Holdings, Inc. 602 14,177 Cinemark Holdings, Inc. 2,138 83,168 ClubCorp Holdings, Inc. 1,322 22,408 Coach, Inc. 2,142 100,974 Columbia Sportswear Co. 800 48,464 Comcast Corp. Class A 23,075 933,384 # Cooper Tire & Rubber Co. 1,440 52,632 * Cooper-Standard Holdings, Inc. 348 35,586 Core-Mark Holding Co., Inc. 800 29,336 # Cracker Barrel Old Country Store, Inc. 400 62,180 * Crocs, Inc. 602 4,780 Culp, Inc. 300 9,000 Dana, Inc. 4,036 95,734 Darden Restaurants, Inc. 764 64,084 * Dave & Buster's Entertainment, Inc. 961 59,688 * Deckers Outdoor Corp. 400 25,944 * Del Frisco's Restaurant Group, Inc. 200 2,840 * Del Taco Restaurants, Inc. 885 11,585 Delphi Automotive P.L.C. 500 45,210 * Denny's Corp. 998 11,337 #* Destination XL Group, Inc. 609 1,218 # Dick's Sporting Goods, Inc. 1,296 48,393 # Dillard's, Inc. Class A 821 60,606 # DineEquity, Inc. 566 23,285 #* Discovery Communications, Inc. Class A 1,822 44,821 * Discovery Communications, Inc. Class C 2,337 54,055 * DISH Network Corp. Class A 572 36,625 Dollar General Corp. 1,755 131,906 * Dollar Tree, Inc. 2,202 158,720 Domino's Pizza, Inc. 205 38,233 * Dorman Products, Inc. 400 31,232 DR Horton, Inc. 3,620 129,198 DSW, Inc. Class A 695 12,538 Dunkin' Brands Group, Inc. 626 33,197 # Entercom Communications Corp. Class A 1,119 11,022 Entravision Communications Corp. Class A 1,558 10,127 Ethan Allen Interiors, Inc. 800 25,640 * EW Scripps Co. (The) Class A 879 17,272 # Expedia, Inc. 761 119,074 * Express, Inc. 1,624 9,841 * Fiesta Restaurant Group, Inc. 433 7,274 # Finish Line, Inc. (The) Class A 700 9,632 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) * Five Below, Inc. 467 $ 22,561 Flexsteel Industries, Inc. 282 15,786 # Foot Locker, Inc. 1,678 79,185 Ford Motor Co. 25,273 283,563 * Fox Factory Holding Corp. 1,139 43,795 * Francesca's Holdings Corp. 1,448 14,089 * FTD Cos., Inc. 492 9,668 #* G-III Apparel Group, Ltd. 1,200 31,236 GameStop Corp. Class A 2,894 62,771 Gannett Co., Inc. 1,889 16,944 # Gap, Inc. (The) 3,489 83,143 # Garmin, Ltd. 1,300 65,247 General Motors Co. 9,839 354,007 * Genesco, Inc. 400 12,840 Gentex Corp. 4,126 70,225 * Gentherm, Inc. 750 25,088 Genuine Parts Co. 1,282 108,880 #* Global Eagle Entertainment, Inc. 1,749 5,527 Goodyear Tire & Rubber Co. (The) 3,008 94,782 Graham Holdings Co. Class B 45 26,658 * Grand Canyon Education, Inc. 866 63,712 * Gray Television, Inc. 1,180 17,582 * Green Brick Partners, Inc. 52 585 Group 1 Automotive, Inc. 500 29,775 H&R Block, Inc. 1,384 42,212 # Hanesbrands, Inc. 1,700 38,964 Harley-Davidson, Inc. 848 41,272 Hasbro, Inc. 400 42,352 Haverty Furniture Cos., Inc. 600 13,350 * Helen of Troy, Ltd. 522 52,592 * Hibbett Sports, Inc. 267 4,165 * Hilton Grand Vacations, Inc. 744 27,349 Hilton Worldwide Holdings, Inc. 673 42,083 Home Depot, Inc. (The) 2,426 362,930 Hooker Furniture Corp. 200 8,440 #* Horizon Global Corp. 182 2,537 * Houghton Mifflin Harcourt Co. 1,937 23,147 HSN, Inc. 596 23,631 * Hyatt Hotels Corp. Class A 300 16,671 ILG, Inc. 1,948 51,642 * IMAX Corp. 634 13,568 * Installed Building Products, Inc. 475 25,555 Interpublic Group of Cos., Inc. (The) 3,652 78,920 * Intrawest Resorts Holdings, Inc. 743 17,646 #* iRobot Corp. 344 36,295 * J Alexander's Holdings, Inc. 279 2,943 Jack in the Box, Inc. 400 37,104 #* JC Penney Co., Inc. 3,485 18,854 John Wiley & Sons, Inc. Class A 940 51,935 John Wiley & Sons, Inc. Class B 70 3,874 * K12, Inc. 700 12,397 KB Home 1,375 31,515 * Kirkland's, Inc. 474 4,432 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) # Kohl's Corp. 2,523 $104,326 # L Brands, Inc. 400 18,556 * La Quinta Holdings, Inc. 1,510 22,514 La-Z-Boy, Inc. 800 27,040 * Lakeland Industries, Inc. 200 3,010 LCI Industries 527 56,257 Lear Corp. 1,021 151,302 # Leggett & Platt, Inc. 460 22,163 Lennar Corp. Class A 1,539 80,705 Libbey, Inc. 640 5,760 * Liberty Broadband Corp. Class A 185 18,300 * Liberty Broadband Corp. Class C 1,008 99,973 * Liberty Expedia Holdings, Inc. Class A 248 14,148 * Liberty Interactive Corp., QVC Group Class A 2,535 60,688 * Liberty Media Corp.-Liberty Braves Class A 74 1,868 * Liberty Media Corp.-Liberty Braves Class C 148 3,734 #* Liberty Media Corp.-Liberty Formula One Class A 185 6,244 * Liberty Media Corp.-Liberty Formula One Class C 370 13,013 * Liberty Media Corp.-Liberty SiriusXM Class A 740 34,136 * Liberty Media Corp.-Liberty SiriusXM Class C 1,480 68,080 * Liberty TripAdvisor Holdings, Inc. Class A 1,193 14,018 * Liberty Ventures Series A 980 59,368 Lifetime Brands, Inc. 500 9,475 # Lions Gate Entertainment Corp. Class A 969 28,489 * Lions Gate Entertainment Corp. Class B 1,207 33,205 # Lithia Motors, Inc. Class A 400 41,300 * Live Nation Entertainment, Inc. 1,764 65,744 * LKQ Corp. 3,200 110,592 Lowe's Cos., Inc. 1,781 137,849 * Lululemon Athletica, Inc. 404 24,903 * Lumber Liquidators Holdings, Inc. 171 4,225 * M/I Homes, Inc. 500 12,970 Macy's, Inc. 3,155 74,931 * Madison Square Garden Co. (The) Class A 309 67,894 Marcus Corp. (The) 500 13,600 * MarineMax, Inc. 380 5,681 Marriott International, Inc. Class A 760 79,184 Marriott Vacations Worldwide Corp. 290 33,887 # Mattel, Inc. 1,400 28,028 #* McClatchy Co. (The) Class A 12 96 McDonald's Corp. 1,637 253,964 MDC Holdings, Inc. 963 33,021 (degrees) Media General, Inc. 700 1,414 # Meredith Corp. 800 47,560 * Meritage Homes Corp. 1,000 40,750 * Michael Kors Holdings, Ltd. 519 18,912 * Michaels Cos., Inc. (The) 965 19,435 * Modine Manufacturing Co. 1,100 17,875 * Mohawk Industries, Inc. 480 119,515 # Monro Muffler Brake, Inc. 420 19,572 * Motorcar Parts of America, Inc. 400 11,188 Movado Group, Inc. 300 7,380 * MSG Networks, Inc. Class A 1,156 24,738 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) * Murphy USA, Inc. 866 $ 65,582 National CineMedia, Inc. 723 5,169 * Nautilus, Inc. 477 8,395 * Netflix, Inc. 196 35,605 New Media Investment Group, Inc. 1,096 15,278 New York Times Co. (The) Class A 1,579 30,001 Newell Brands, Inc. 1,357 71,541 News Corp. Class A 2,450 35,060 News Corp. Class B 1,868 27,460 # Nexstar Media Group, Inc. Class A 851 55,655 NIKE, Inc. Class B 2,400 141,720 # Nordstrom, Inc. 1,000 48,570 * Norwegian Cruise Line Holdings, Ltd. 1,620 89,213 Nutrisystem, Inc. 600 33,450 * NVR, Inc. 20 52,209 * O'Reilly Automotive, Inc. 176 35,957 Office Depot, Inc. 10,039 58,929 #* Ollie's Bargain Outlet Holdings, Inc. 720 32,184 # Omnicom Group, Inc. 600 47,244 * Overstock.com, Inc. 300 4,800 Oxford Industries, Inc. 400 25,252 # Papa John's International, Inc. 500 35,665 #* Party City Holdco, Inc. 1,375 19,181 Penske Automotive Group, Inc. 2,200 95,788 # Planet Fitness, Inc. Class A 1,146 25,968 # Polaris Industries, Inc. 402 36,043 Pool Corp. 353 38,166 * Priceline Group, Inc. (The) 67 135,910 PulteGroup, Inc. 2,800 68,376 PVH Corp. 632 75,391 # Ralph Lauren Corp. 227 17,173 * Reading International, Inc. Class A 20 319 * Red Lion Hotels Corp. 600 4,290 * Red Robin Gourmet Burgers, Inc. 400 23,920 # Regal Entertainment Group Class A 600 11,412 Rocky Brands, Inc. 200 2,790 Ross Stores, Inc. 1,000 55,320 Royal Caribbean Cruises, Ltd. 1,249 141,224 Ruth's Hospitality Group, Inc. 695 13,900 Saga Communications, Inc. Class A 133 5,167 Salem Media Group, Inc. 400 2,860 #* Sally Beauty Holdings, Inc. 900 18,207 Scholastic Corp. 779 32,274 # Scripps Networks Interactive, Inc. Class A 717 62,673 # SeaWorld Entertainment, Inc. 1,500 23,070 #* Select Comfort Corp. 580 19,610 Service Corp. International 922 32,021 * ServiceMaster Global Holdings, Inc. 795 34,948 Shoe Carnival, Inc. 500 9,130 * Shutterfly, Inc. 573 28,100 # Signet Jewelers, Ltd. 533 32,598 Sinclair Broadcast Group, Inc. Class A 1,300 46,865 # Sirius XM Holdings, Inc. 3,200 18,752 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) # Six Flags Entertainment Corp. 767 $ 43,619 * Skechers U.S.A., Inc. Class A 1,797 50,478 Sonic Automotive, Inc. Class A 900 16,335 # Sonic Corp. 400 9,464 * Sotheby's 932 52,742 Speedway Motorsports, Inc. 1,146 24,364 Standard Motor Products, Inc. 448 22,570 Staples, Inc. 7,218 73,263 Starbucks Corp. 2,226 120,160 * Steven Madden, Ltd. 1,023 41,943 * Stoneridge, Inc. 482 7,355 Strattec Security Corp. 40 1,420 Strayer Education, Inc. 248 19,498 Sturm Ruger & Co., Inc. 300 17,280 Superior Industries International, Inc. 800 15,640 Superior Uniform Group, Inc. 400 8,932 * Tandy Leather Factory, Inc. 300 2,655 Target Corp. 2,400 136,008 * Taylor Morrison Home Corp. Class A 74 1,674 TEGNA, Inc. 3,339 49,517 #* Tempur Sealy International, Inc. 600 34,602 Tenneco, Inc. 980 54,194 * Tesla, Inc. 22 7,116 Texas Roadhouse, Inc. 916 43,327 Thor Industries, Inc. 840 88,494 Tiffany & Co. 1,200 114,612 # Tile Shop Holdings, Inc. 800 11,680 Time Warner, Inc. 4,154 425,453 Time, Inc. 1,345 18,897 TJX Cos., Inc. (The) 885 62,224 Toll Brothers, Inc. 1,989 76,756 * TopBuild Corp. 517 27,287 Tower International, Inc. 500 12,350 # Tractor Supply Co. 600 33,672 * TRI Pointe Group, Inc. 1,600 21,280 #* TripAdvisor, Inc. 300 11,706 * tronc, Inc. 128 1,635 #* Tuesday Morning Corp. 600 1,110 Tupperware Brands Corp. 400 24,284 Twenty-First Century Fox, Inc. Class A 3,307 96,234 Twenty-First Century Fox, Inc. Class B 2,646 75,914 * Ulta Salon Cosmetics & Fragrance, Inc. 200 50,242 #* Under Armour, Inc. Class A 400 8,008 #* Under Armour, Inc. Class C 402 7,280 * Unifi, Inc. 666 21,818 * Universal Electronics, Inc. 300 20,535 #* Urban Outfitters, Inc. 1,900 37,221 Vail Resorts, Inc. 140 29,506 * Vera Bradley, Inc. 70 706 VF Corp. 600 37,314 # Viacom, Inc. Class A 120 4,860 Viacom, Inc. Class B 3,991 139,366 #* Vista Outdoor, Inc. 896 20,689 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) * Visteon Corp. 710 $ 79,193 Walt Disney Co. (The) 5,800 637,594 Wendy's Co. (The) 5,186 80,072 West Marine, Inc. 500 6,445 Whirlpool Corp. 900 160,092 * William Lyon Homes Class A 674 15,239 # Williams-Sonoma, Inc. 1,335 61,984 Winmark Corp. 30 3,992 Winnebago Industries, Inc. 478 17,590 Wolverine World Wide, Inc. 1,128 31,810 Wyndham Worldwide Corp. 568 59,282 Yum! Brands, Inc. 600 45,288 * Zumiez, Inc. 696 8,839 ----------- Total Consumer Discretionary 16,591,873 ----------- Consumer Staples -- (5.9%) Andersons, Inc. (The) 550 18,948 Archer-Daniels-Midland Co. 1,724 72,718 #* Avon Products, Inc. 6,764 24,621 # B&G Foods, Inc. 1,133 41,071 #* Blue Buffalo Pet Products, Inc. 1,762 39,416 Bunge, Ltd. 1,533 120,172 #* Cal-Maine Foods, Inc. 606 23,119 # Calavo Growers, Inc. 300 22,215 Campbell Soup Co. 1,225 64,717 # Casey's General Stores, Inc. 731 78,034 * Central Garden & Pet Co. 330 10,560 * Central Garden & Pet Co. Class A 599 18,425 #* Chefs' Warehouse, Inc. (The) 700 10,150 Church & Dwight Co., Inc. 800 42,680 Clorox Co. (The) 500 66,745 Coca-Cola Bottling Co. Consolidated 200 48,018 Coca-Cola Co. (The) 7,448 341,416 Colgate-Palmolive Co. 1,400 101,080 Conagra Brands, Inc. 2,832 96,968 Costco Wholesale Corp. 953 151,060 # Coty, Inc. Class A 3,613 73,994 * Darling Ingredients, Inc. 2,800 45,556 Dean Foods Co. 1,700 25,500 Dr Pepper Snapple Group, Inc. 627 57,157 #* Edgewell Personal Care Co. 872 62,958 Energizer Holdings, Inc. 533 24,555 Estee Lauder Cos., Inc. (The) Class A 400 39,596 * Farmer Brothers Co. 500 15,575 # Flowers Foods, Inc. 3,300 58,047 Fresh Del Monte Produce, Inc. 837 43,080 General Mills, Inc. 1,144 63,675 * Hain Celestial Group, Inc. (The) 1,356 60,627 Hershey Co. (The) 183 19,272 # Hormel Foods Corp. 2,405 82,179 * Hostess Brands, Inc. 1,280 19,558 * HRG Group, Inc. 2,893 47,937 Ingles Markets, Inc. Class A 300 8,850 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Staples -- (Continued) Ingredion, Inc. 860 $ 106,055 Inter Parfums, Inc. 750 29,100 J&J Snack Foods Corp. 236 31,010 JM Smucker Co. (The) 754 91,913 # John B. Sanfilippo & Son, Inc. 200 12,864 Kellogg Co. 544 36,992 Kimberly-Clark Corp. 535 65,891 Kraft Heinz Co. (The) 1,729 151,218 Kroger Co. (The) 3,034 74,394 Lamb Weston Holdings, Inc. 380 16,712 Lancaster Colony Corp. 328 40,219 * Landec Corp. 800 9,840 McCormick & Co., Inc. Non-Voting 500 47,650 Medifast, Inc. 300 12,807 Mondelez International, Inc. Class A 4,103 180,614 * Monster Beverage Corp. 799 42,147 National Beverage Corp. 400 40,848 Orchids Paper Products Co. 98 1,104 PepsiCo, Inc. 2,982 347,731 * Performance Food Group Co. 1,346 38,765 #* Pilgrim's Pride Corp. 621 15,084 Pinnacle Foods, Inc. 1,074 63,774 #* Post Holdings, Inc. 1,211 100,755 PriceSmart, Inc. 426 35,891 Procter & Gamble Co. (The) 7,543 685,055 * Revlon, Inc. Class A 505 9,873 Sanderson Farms, Inc. 600 78,450 Seaboard Corp. 5 21,375 # Snyder's-Lance, Inc. 1,140 39,661 SpartanNash Co. 700 19,418 # Spectrum Brands Holdings, Inc. 286 33,016 * Sprouts Farmers Market, Inc. 2,195 52,834 * SUPERVALU, Inc. 2,055 7,357 Sysco Corp. 1,100 57,882 # Tootsie Roll Industries, Inc. 688 25,594 #* TreeHouse Foods, Inc. 742 62,944 Tyson Foods, Inc. Class A 2,000 126,720 * United Natural Foods, Inc. 900 34,677 Wal-Mart Stores, Inc. 10,436 834,776 # WD-40 Co. 200 21,330 Weis Markets, Inc. 488 23,087 Whole Foods Market, Inc. 3,104 129,623 ---------- Total Consumer Staples 5,997,299 ---------- Energy -- (5.5%) Adams Resources & Energy, Inc. 49 1,862 Anadarko Petroleum Corp. 1,644 75,081 Andeavor 2,607 259,475 #* Antero Resources Corp. 1,594 32,868 # Apache Corp. 974 48,194 Archrock, Inc. 1,611 17,640 Baker Hughes a GE Co. 1,182 43,604 * Bill Barrett Corp. 1,675 5,662 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Energy -- (Continued) # Bristow Group, Inc. 550 $ 4,054 Cabot Oil & Gas Corp. 1,458 36,260 #* Callon Petroleum Co. 1,300 14,716 #* Cheniere Energy, Inc. 1,072 48,454 #* Chesapeake Energy Corp. 7,352 36,466 Chevron Corp. 5,557 606,769 Cimarex Energy Co. 161 15,944 * Clean Energy Fuels Corp. 2,859 7,491 * Concho Resources, Inc. 407 53,016 ConocoPhillips 3,522 159,793 * CONSOL Energy, Inc. 3,188 53,431 #* Continental Resources, Inc. 491 16,414 # Core Laboratories NV 259 26,037 # CVR Energy, Inc. 700 13,237 * Dawson Geophysical Co. 564 2,262 Delek US Holdings, Inc. 2,421 63,212 #* Denbury Resources, Inc. 3,384 4,941 Devon Energy Corp. 564 18,787 # DHT Holdings, Inc. 945 3,931 #* Diamond Offshore Drilling, Inc. 1,155 14,345 * Diamondback Energy, Inc. 313 30,010 #* Dril-Quip, Inc. 700 31,220 * Eclipse Resources Corp. 4,372 12,285 * Energen Corp. 740 39,427 # EnLink Midstream LLC 1,731 30,379 Ensco P.L.C. Class A 4,005 21,186 EOG Resources, Inc. 1,038 98,755 # EQT Corp. 562 35,799 * Era Group, Inc. 834 7,306 * Exterran Corp. 805 22,290 Exxon Mobil Corp. 10,331 826,893 #* Forum Energy Technologies, Inc. 1,619 21,452 # Frank's International NV 1,200 9,720 * Geospace Technologies Corp. 222 3,417 Green Plains, Inc. 700 13,825 * Gulfport Energy Corp. 926 11,686 Halliburton Co. 625 26,525 * Helix Energy Solutions Group, Inc. 4,404 28,802 # Helmerich & Payne, Inc. 600 30,372 Hess Corp. 1,926 85,784 # HollyFrontier Corp. 2,283 65,842 Kinder Morgan, Inc. 4,939 100,904 #* Kosmos Energy, Ltd. 4,409 29,099 * Laredo Petroleum, Inc. 2,249 29,147 Marathon Oil Corp. 3,802 46,498 Marathon Petroleum Corp. 3,606 201,900 #* Matador Resources Co. 924 22,416 * Matrix Service Co. 500 5,175 * McDermott International, Inc. 4,552 30,817 # Murphy Oil Corp. 2,106 55,977 Nabors Industries, Ltd. 3,694 28,481 National Oilwell Varco, Inc. 2,068 67,644 * Natural Gas Services Group, Inc. 200 4,990 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Energy -- (Continued) * Newfield Exploration Co. 419 $ 12,038 * Newpark Resources, Inc. 1,700 14,195 # Noble Corp. P.L.C. 3,107 12,428 Noble Energy, Inc. 2,720 78,635 * Oasis Petroleum, Inc. 3,100 24,118 Occidental Petroleum Corp. 1,504 93,143 Oceaneering International, Inc. 1,500 38,475 * Oil States International, Inc. 781 19,408 ONEOK, Inc. 800 45,256 * Par Pacific Holdings, Inc. 107 1,916 * Parsley Energy, Inc. Class A 1,362 39,879 Patterson-UTI Energy, Inc. 2,320 44,869 # PBF Energy, Inc. Class A 1,666 37,935 * PDC Energy, Inc. 791 37,304 * Penn Virginia Corp. 170 6,530 Phillips 66 1,116 93,465 * Pioneer Energy Services Corp. 1,708 3,758 Pioneer Natural Resources Co. 526 85,791 * QEP Resources, Inc. 2,800 23,996 # Range Resources Corp. 1,088 22,968 #* Renewable Energy Group, Inc. 1,100 13,750 #* REX American Resources Corp. 200 19,996 * Rice Energy, Inc. 2,515 70,345 * Rowan Cos. P.L.C. Class A 1,751 20,434 * RSP Permian, Inc. 1,125 38,655 Schlumberger, Ltd. 3,478 238,591 Scorpio Tankers, Inc. 2,775 10,295 * SEACOR Holdings, Inc. 300 10,227 * SEACOR Marine Holdings, Inc. 301 4,389 SemGroup Corp. Class A 784 21,207 # Ship Finance International, Ltd. 1,848 25,133 SM Energy Co. 1,287 22,381 #* SRC Energy, Inc. 1,941 16,518 * Superior Energy Services, Inc. 1,668 17,948 Targa Resources Corp. 1,318 61,168 * TechnipFMC P.L.C. 2,478 70,722 #* Transocean, Ltd. 4,351 37,636 * Unit Corp. 800 14,384 # US Silica Holdings, Inc. 927 27,004 Valero Energy Corp. 2,944 203,048 #* Weatherford International P.L.C. 10,653 47,512 #* Whiting Petroleum Corp. 4,054 21,283 Williams Cos., Inc. (The) 1,522 48,369 World Fuel Services Corp. 1,068 34,539 * WPX Energy, Inc. 5,706 61,511 ---------- Total Energy 5,653,121 ---------- Financials -- (20.7%) 1st Source Corp. 440 21,604 Affiliated Managers Group, Inc. 300 55,749 * Alleghany Corp. 80 49,067 Allstate Corp. (The) 1,765 160,615 # Ally Financial, Inc. 5,412 122,528 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) * Ambac Financial Group, Inc. 31 $ 633 American Equity Investment Life Holding Co. 1,496 40,063 American Express Co. 3,414 290,975 American Financial Group, Inc. 659 66,823 American International Group, Inc. 2,585 169,188 American National Insurance Co. 200 23,800 Ameriprise Financial, Inc. 1,297 187,909 Ameris Bancorp 682 31,236 AMERISAFE, Inc. 400 23,100 AmeriServ Financial, Inc. 560 2,212 # Amtrust Financial Services, Inc. 2,572 41,152 Aon P.L.C. 551 76,132 * Arch Capital Group, Ltd. 748 72,750 Argo Group International Holdings, Ltd. 603 36,150 Arrow Financial Corp. 309 10,073 Arthur J Gallagher & Co. 934 54,910 Artisan Partners Asset Management, Inc. Class A 779 25,902 Aspen Insurance Holdings, Ltd. 700 34,160 Associated Banc-Corp 1,577 37,769 Assured Guaranty, Ltd. 2,829 127,333 Astoria Financial Corp. 1,500 30,270 Axis Capital Holdings, Ltd. 400 25,832 Baldwin & Lyons, Inc. Class B 400 9,360 # Banc of California, Inc. 1,100 22,605 BancFirst Corp. 325 34,694 * Bancorp, Inc. (The) 400 3,100 BancorpSouth, Inc. 1,486 44,654 Bank Mutual Corp. 1,000 9,950 Bank of America Corp. 29,893 721,019 # Bank of Hawaii Corp. 746 62,418 Bank of Marin Bancorp 22 1,466 Bank of New York Mellon Corp. (The) 4,015 212,915 # Bank of the Ozarks, Inc. 1,538 66,365 BankUnited, Inc. 1,487 51,183 Banner Corp. 400 23,108 BB&T Corp. 3,051 144,373 Beneficial Bancorp, Inc. 1,319 20,576 * Berkshire Hathaway, Inc. Class B 2,683 469,445 Berkshire Hills Bancorp, Inc. 697 25,894 BGC Partners, Inc. Class A 4,175 52,647 BlackRock, Inc. 529 225,634 Blue Hills Bancorp, Inc. 400 7,580 #* BofI Holding, Inc. 872 24,303 BOK Financial Corp. 631 53,679 Boston Private Financial Holdings, Inc. 1,500 23,025 Bridge Bancorp, Inc. 569 18,492 Brookline Bancorp, Inc. 1,601 23,775 Brown & Brown, Inc. 1,274 56,820 Bryn Mawr Bank Corp. 500 21,225 California First National Bancorp 3 50 Camden National Corp. 193 8,106 Canadian Imperial Bank of Commerce 472 40,988 Capital Bank Financial Corp. Class A 353 13,414 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Capital One Financial Corp. 2,200 $189,596 Capitol Federal Financial, Inc. 2,200 31,372 Cathay General Bancorp 1,247 46,700 CBOE Holdings, Inc. 540 51,046 CenterState Banks, Inc. 971 24,265 Central Pacific Financial Corp. 628 19,424 Charles Schwab Corp. (The) 2,157 92,535 Chemical Financial Corp. 862 41,540 Chubb, Ltd. 1,263 184,979 Cincinnati Financial Corp. 960 73,114 CIT Group, Inc. 1,052 50,128 Citigroup, Inc. 7,536 515,839 Citizens Financial Group, Inc. 2,622 91,980 #* Citizens, Inc. 1,400 11,270 City Holding Co. 400 26,252 Clifton Bancorp, Inc. 214 3,572 CME Group, Inc. 906 111,094 CNO Financial Group, Inc. 2,500 57,200 CoBiz Financial, Inc. 861 15,154 Cohen & Steers, Inc. 938 37,895 Columbia Banking System, Inc. 1,146 45,657 Comerica, Inc. 1,107 80,047 Commerce Bancshares, Inc. 1,063 61,697 # Community Bank System, Inc. 777 42,657 Community Trust Bancorp, Inc. 250 10,800 ConnectOne Bancorp, Inc. 964 21,690 #* Cowen, Inc. 469 7,504 Crawford & Co. Class A 200 1,486 Crawford & Co. Class B 200 1,796 #* Credit Acceptance Corp. 345 85,939 * CU Bancorp 259 9,557 * Customers Bancorp, Inc. 308 9,194 # CVB Financial Corp. 1,760 37,910 Diamond Hill Investment Group, Inc. 70 13,825 Dime Community Bancshares, Inc. 700 14,560 Discover Financial Services 2,560 156,006 Donegal Group, Inc. Class A 700 10,556 * Donnelley Financial Solutions, Inc. 924 21,437 * E*TRADE Financial Corp. 1,975 80,975 * Eagle Bancorp, Inc. 535 33,411 East West Bancorp, Inc. 1,423 81,083 Eaton Vance Corp. 1,589 78,004 EMC Insurance Group, Inc. 352 9,750 Employers Holdings, Inc. 630 27,310 * Encore Capital Group, Inc. 608 24,381 * Enova International, Inc. 640 9,280 * Enstar Group, Ltd. 200 40,520 Enterprise Bancorp, Inc. 355 11,995 Enterprise Financial Services Corp. 498 19,696 Erie Indemnity Co. Class A 300 38,238 * Essent Group, Ltd. 1,071 41,148 Evercore Partners, Inc. Class A 735 57,808 Everest Re Group, Ltd. 206 54,052 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) * Ezcorp, Inc. Class A 846 $ 6,599 # FactSet Research Systems, Inc. 200 33,444 Fairfax Financial Holdings, Ltd. 73 34,766 Farmers National Banc Corp. 1,000 13,750 FBL Financial Group, Inc. Class A 500 33,950 * FCB Financial Holdings, Inc. Class A 548 25,838 Federal Agricultural Mortgage Corp. Class C 200 13,712 # Federated Investors, Inc. Class B 1,914 55,181 Federated National Holding Co. 200 3,184 Fidelity Southern Corp. 491 10,340 Fifth Third Bancorp 4,757 127,012 # Financial Engines, Inc. 924 35,528 Financial Institutions, Inc. 400 11,760 First American Financial Corp. 1,833 88,736 * First BanCorp(318672706) 3,216 18,846 First Bancorp(318910106) 600 18,780 First Bancorp, Inc. 147 3,960 First Busey Corp. 678 19,825 First Citizens BancShares, Inc. Class A 171 62,931 First Commonwealth Financial Corp. 1,503 19,584 First Community Bancshares, Inc. 398 10,834 First Defiance Financial Corp. 300 15,525 First Financial Bancorp 1,100 28,160 # First Financial Bankshares, Inc. 1,130 48,872 First Financial Corp. 300 13,815 First Financial Northwest, Inc. 100 1,641 First Horizon National Corp. 2,926 51,000 First Interstate Bancsystem, Inc. Class A 761 27,815 First Merchants Corp. 541 21,878 First Mid-Illinois Bancshares, Inc. 449 16,429 First Midwest Bancorp, Inc. 1,609 35,736 First of Long Island Corp. (The) 372 10,397 First Republic Bank 893 89,595 First South Bancorp, Inc. 400 6,884 FirstCash, Inc. 1,232 71,641 * Flagstar Bancorp, Inc. 971 31,616 Flushing Financial Corp. 700 19,971 FNB Corp. 3,895 53,361 FNF Group 1,781 87,020 * FNFV Group 1,618 27,910 #* Franklin Financial Network, Inc. 266 9,190 Franklin Resources, Inc. 1,502 67,260 Fulton Financial Corp. 2,353 42,942 Gain Capital Holdings, Inc. 1,536 10,307 * Genworth Financial, Inc. Class A 6,433 22,065 German American Bancorp, Inc. 637 22,824 # Glacier Bancorp, Inc. 1,225 42,777 * Global Indemnity, Ltd. 550 21,318 Goldman Sachs Group, Inc. (The) 1,266 285,268 Great Southern Bancorp, Inc. 200 10,390 Great Western Bancorp, Inc. 612 23,874 * Green Bancorp, Inc. 1,200 26,940 * Green Dot Corp. Class A 880 35,411 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) # Greenhill & Co., Inc. 400 $ 7,400 * Greenlight Capital Re, Ltd. Class A 700 14,980 Guaranty Bancorp 766 20,414 Hancock Holding Co. 1,000 46,000 Hanmi Financial Corp. 469 13,437 Hanover Insurance Group, Inc. (The) 600 56,916 Hartford Financial Services Group, Inc. (The) 2,653 145,915 HCI Group, Inc. 253 11,408 Heartland Financial USA, Inc. 493 23,220 Heritage Commerce Corp. 1,100 15,279 Heritage Financial Corp. 600 16,320 Heritage Insurance Holdings, Inc. 500 6,305 Hilltop Holdings, Inc. 1,349 33,765 Hingham Institution for Savings 55 9,729 Home Bancorp, Inc. 200 8,104 Home BancShares, Inc. 2,400 59,520 * HomeStreet, Inc. 443 11,629 * HomeTrust Bancshares, Inc. 362 8,742 Hope Bancorp, Inc. 2,631 46,385 Horace Mann Educators Corp. 700 25,830 Horizon Bancorp 750 19,777 Houlihan Lokey, Inc. 546 20,300 Huntington Bancshares, Inc. 6,756 89,517 Iberiabank Corp. 700 56,595 Independent Bank Corp. 273 19,479 Independent Bank Group, Inc. 162 9,777 Infinity Property & Casualty Corp. 135 13,507 # Interactive Brokers Group, Inc. Class A 1,364 54,628 Intercontinental Exchange, Inc. 2,620 174,780 International Bancshares Corp. 1,357 48,038 * INTL. FCStone, Inc. 347 13,578 Invesco, Ltd. 3,081 107,126 Investment Technology Group, Inc. 884 19,510 Investors Bancorp, Inc. 3,305 43,890 James River Group Holdings, Ltd. 377 15,140 * Janus Henderson Group P.L.C. 1,226 41,059 JPMorgan Chase & Co. 16,007 1,469,443 Kearny Financial Corp. 836 12,206 Kemper Corp. 900 35,325 KeyCorp 4,291 77,410 * Ladenburg Thalmann Financial Services, Inc. 4,900 11,172 Lakeland Bancorp, Inc. 482 9,327 Lakeland Financial Corp. 312 14,352 Lazard, Ltd. Class A 504 23,542 LegacyTexas Financial Group, Inc. 571 22,109 # Legg Mason, Inc. 979 39,170 * LendingClub Corp. 3,898 19,763 Leucadia National Corp. 1,145 29,804 Lincoln National Corp. 1,414 103,307 Loews Corp. 2,000 97,360 LPL Financial Holdings, Inc. 1,776 81,270 M&T Bank Corp. 388 63,302 Macatawa Bank Corp. 1,032 9,959 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Maiden Holdings, Ltd. 1,300 $ 14,430 MainSource Financial Group, Inc. 700 24,458 * Markel Corp. 99 106,079 MarketAxess Holdings, Inc. 270 54,780 Marlin Business Services Corp. 499 12,974 Marsh & McLennan Cos., Inc. 1,377 107,365 MB Financial, Inc. 904 36,974 Mercantile Bank Corp. 440 14,001 # Mercury General Corp. 740 44,319 Meridian Bancorp, Inc. 806 14,226 Meta Financial Group, Inc. 224 15,971 MetLife, Inc. 2,211 121,605 * MGIC Investment Corp. 3,800 44,346 MidSouth Bancorp, Inc. 72 810 Moelis & Co. Class A 197 8,057 Moody's Corp. 201 26,458 Morgan Stanley 5,601 262,687 Morningstar, Inc. 400 33,028 MSCI, Inc. 412 44,887 Nasdaq, Inc. 1,199 89,170 National Bank Holdings Corp. Class A 600 20,478 National General Holdings Corp. 1,033 21,910 National Western Life Group, Inc. Class A 77 25,917 #* Nationstar Mortgage Holdings, Inc. 628 11,197 Navient Corp. 5,134 75,726 Navigators Group, Inc. (The) 400 22,800 NBT Bancorp, Inc. 1,078 38,959 Nelnet, Inc. Class A 700 34,363 # New York Community Bancorp, Inc. 2,268 29,779 NewStar Financial, Inc. 868 9,496 * NMI Holdings, Inc. Class A 1,550 18,290 Northern Trust Corp. 1,080 94,511 Northfield Bancorp, Inc. 524 8,798 Northwest Bancshares, Inc. 2,350 37,835 OceanFirst Financial Corp. 176 4,766 OFG Bancorp 1,147 11,527 Old National Bancorp 2,280 37,164 Old Republic International Corp. 3,200 62,784 OM Asset Management P.L.C. 1,473 22,198 OneBeacon Insurance Group, Ltd. Class A 140 2,565 #* OneMain Holdings, Inc. 1,724 46,100 Oritani Financial Corp. 742 12,317 Pacific Continental Corp. 357 9,068 * Pacific Premier Bancorp, Inc. 497 17,842 PacWest Bancorp 768 36,879 Park National Corp. 340 33,582 Park Sterling Corp. 1,122 13,038 Peapack Gladstone Financial Corp. 234 7,317 Penns Woods Bancorp, Inc. 71 3,042 * PennyMac Financial Services, Inc. Class A 635 11,049 People's United Financial, Inc. 3,659 63,813 Peoples Bancorp, Inc. 486 15,844 * PHH Corp. 1,109 15,282 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Pinnacle Financial Partners, Inc. 944 $ 60,322 PNC Financial Services Group, Inc. (The) 1,300 167,440 Popular, Inc. 1,538 64,811 #* PRA Group, Inc. 1,000 39,200 Preferred Bank 400 22,460 Primerica, Inc. 1,219 98,800 Principal Financial Group, Inc. 2,598 173,416 ProAssurance Corp. 675 41,715 Progressive Corp. (The) 2,651 124,942 Prosperity Bancshares, Inc. 1,062 68,074 Provident Financial Services, Inc. 1,200 31,824 Prudential Financial, Inc. 1,200 135,876 Radian Group, Inc. 1,100 19,162 Raymond James Financial, Inc. 1,029 85,603 Regions Financial Corp. 7,696 112,362 Reinsurance Group of America, Inc. 370 51,874 RenaissanceRe Holdings, Ltd. 419 61,555 Renasant Corp. 805 34,124 Republic Bancorp, Inc. Class A 500 17,950 RLI Corp. 620 35,997 S&P Global, Inc. 500 76,795 S&T Bancorp, Inc. 700 26,516 Safety Insurance Group, Inc. 300 21,285 Sandy Spring Bancorp, Inc. 600 24,024 * Santander Consumer USA Holdings, Inc. 4,502 57,671 * Seacoast Banking Corp. of Florida 520 12,152 SEI Investments Co. 664 37,523 # Selective Insurance Group, Inc. 1,010 51,156 # ServisFirst Bancshares, Inc. 1,167 42,409 * Signature Bank 442 61,252 Simmons First National Corp. Class A 612 33,385 * SLM Corp. 6,827 75,643 South State Corp. 300 25,125 Southside Bancshares, Inc. 151 5,244 State Auto Financial Corp. 700 18,053 State Bank Financial Corp. 562 15,427 State National Cos., Inc. 654 13,656 State Street Corp. 1,094 101,994 Sterling Bancorp 1,893 43,728 Stewart Information Services Corp. 400 15,720 * Stifel Financial Corp. 975 49,579 Stock Yards Bancorp, Inc. 450 16,132 Stonegate Bank 313 14,570 Sun Bancorp, Inc. 600 14,610 SunTrust Banks, Inc. 1,772 101,518 * SVB Financial Group 400 71,376 Synchrony Financial 5,569 168,852 Synovus Financial Corp. 1,727 75,090 T Rowe Price Group, Inc. 2,153 178,096 TCF Financial Corp. 2,700 42,552 # TD Ameritrade Holding Corp. 1,185 54,190 * Texas Capital Bancshares, Inc. 498 39,018 TFS Financial Corp. 1,798 28,732 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Financials -- (Continued) * Third Point Reinsurance, Ltd. 1,349 $ 19,628 Tompkins Financial Corp. 305 24,007 Torchmark Corp. 908 71,705 Towne Bank 721 22,567 Travelers Cos., Inc. (The) 2,408 308,441 Trico Bancshares 166 6,125 * TriState Capital Holdings, Inc. 689 15,847 TrustCo Bank Corp. NY 2,597 21,555 Trustmark Corp. 1,251 39,982 U.S. Bancorp. 8,200 432,796 UMB Financial Corp. 600 41,796 Umpqua Holdings Corp. 3,092 57,326 Union Bankshares Corp. 1,129 34,875 Union Bankshares, Inc. 64 2,806 United Bankshares, Inc. 1,617 55,786 United Community Banks, Inc. 1,409 39,114 United Financial Bancorp, Inc. 1,084 19,610 United Fire Group, Inc. 450 20,304 Universal Insurance Holdings, Inc. 1,300 31,005 Univest Corp. of Pennsylvania 423 12,901 Unum Group 1,831 91,788 Validus Holdings, Ltd. 1,219 65,570 Valley National Bancorp 3,339 39,667 # Virtu Financial, Inc. Class A 605 10,013 Voya Financial, Inc. 600 23,544 # Waddell & Reed Financial, Inc. Class A 652 13,477 * Walker & Dunlop, Inc. 600 30,150 Washington Federal, Inc. 1,280 42,816 Washington Trust Bancorp, Inc. 217 11,816 Waterstone Financial, Inc. 597 11,253 Webster Financial Corp. 1,325 68,807 Wells Fargo & Co. 22,366 1,206,422 WesBanco, Inc. 723 27,640 Westamerica Bancorporation 530 29,002 * Western Alliance Bancorp 1,457 73,404 Western New England Bancorp, Inc. 215 2,139 Westwood Holdings Group, Inc. 267 15,740 White Mountains Insurance Group, Ltd. 100 86,460 Willis Towers Watson P.L.C. 604 89,924 Wintrust Financial Corp. 671 50,533 # WisdomTree Investments, Inc. 936 9,772 WR Berkley Corp. 1,300 89,661 WSFS Financial Corp. 400 18,060 XL Group, Ltd. 1,523 67,621 Zions Bancorporation 1,243 56,333 ----------- Total Financials 21,124,163 ----------- Industrials -- (15.5%) 3M Co. 1,300 261,521 AAON, Inc. 740 25,012 AAR Corp. 800 29,920 ABM Industries, Inc. 800 35,696 * ACCO Brands Corp. 1,859 21,657 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Actuant Corp. Class A 579 $ 14,012 Acuity Brands, Inc. 145 29,384 Advanced Drainage Systems, Inc. 748 15,371 * Advisory Board Co. (The) 500 28,100 * AECOM 2,469 78,761 * Aegion Corp. 700 16,758 * Aerojet Rocketdyne Holdings, Inc. 1,200 28,140 * Aerovironment, Inc. 400 15,116 AGCO Corp. 1,465 105,685 Air Lease Corp. 1,800 71,244 * Air Transport Services Group, Inc. 1,467 35,736 Aircastle, Ltd. 872 20,527 Alamo Group, Inc. 200 18,602 Alaska Air Group, Inc. 2,200 187,506 Albany International Corp. Class A 486 26,001 Allegiant Travel Co. 200 25,850 Allegion P.L.C. 469 38,102 Allison Transmission Holdings, Inc. 1,553 58,703 Altra Industrial Motion Corp. 800 35,640 AMERCO 151 58,673 American Airlines Group, Inc. 1,620 81,713 # American Railcar Industries, Inc. 600 22,062 * American Woodmark Corp. 490 48,093 AMETEK, Inc. 1,631 100,437 AO Smith Corp. 392 20,992 # Apogee Enterprises, Inc. 600 31,254 Applied Industrial Technologies, Inc. 900 50,850 ArcBest Corp. 600 16,680 Arconic, Inc. 2,616 64,851 Argan, Inc. 429 27,649 * Armstrong Flooring, Inc. 464 8,055 * Armstrong World Industries, Inc. 549 26,654 Astec Industries, Inc. 500 25,135 * Astronics Corp. 553 16,175 #* Astronics Corp. Class B 33 968 * Atlas Air Worldwide Holdings, Inc. 450 26,730 #* Avis Budget Group, Inc. 1,155 35,551 AZZ, Inc. 600 30,420 * Babcock & Wilcox Enterprises, Inc. 600 6,300 Barnes Group, Inc. 920 55,366 Barrett Business Services, Inc. 222 12,217 * Beacon Roofing Supply, Inc. 828 38,030 * BMC Stock Holdings, Inc. 664 14,608 Boeing Co. (The) 1,200 290,952 Brady Corp. Class A 700 23,240 Briggs & Stratton Corp. 600 14,052 Brink's Co. (The) 997 77,916 * Builders FirstSource, Inc. 1,800 28,206 BWX Technologies, Inc. 1,200 63,216 * CAI International, Inc. 600 15,738 Carlisle Cos., Inc. 500 48,795 * Casella Waste Systems, Inc. Class A 700 11,746 Caterpillar, Inc. 2,139 243,739 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) * CBIZ, Inc. 1,100 $ 16,335 CECO Environmental Corp. 396 3,825 # CH Robinson Worldwide, Inc. 500 32,800 # Chicago Bridge & Iron Co. NV 1,224 22,938 # Cintas Corp. 400 53,940 CIRCOR International, Inc. 300 15,018 * Clean Harbors, Inc. 818 46,462 * Colfax Corp. 1,510 62,333 Columbus McKinnon Corp. 500 12,900 Comfort Systems USA, Inc. 600 19,980 * Continental Building Products, Inc. 700 15,400 Copa Holdings SA Class A 293 36,760 * Copart, Inc. 1,460 45,975 Costamare, Inc. 3,232 20,782 # Covanta Holding Corp. 2,083 31,453 * Covenant Transportation Group, Inc. Class A 115 2,156 CRA International, Inc. 300 11,643 Crane Co. 900 67,950 * CSW Industrials, Inc. 395 15,425 CSX Corp. 5,500 271,370 Cubic Corp. 600 28,590 Cummins, Inc. 708 118,873 Curtiss-Wright Corp. 1,000 96,420 Deere & Co. 990 126,997 Delta Air Lines, Inc. 5,029 248,231 Deluxe Corp. 1,190 85,918 * DigitalGlobe, Inc. 1,670 58,283 Donaldson Co., Inc. 800 37,992 Douglas Dynamics, Inc. 619 19,684 Dover Corp. 1,331 111,804 * Ducommun, Inc. 430 12,453 Dun & Bradstreet Corp. (The) 214 23,703 * DXP Enterprises, Inc. 200 5,718 #* Dycom Industries, Inc. 456 41,314 Eastern Co. (The) 142 4,132 Eaton Corp. P.L.C. 1,633 127,782 * Echo Global Logistics, Inc. 400 5,460 EMCOR Group, Inc. 1,300 87,750 Emerson Electric Co. 1,715 102,231 Encore Wire Corp. 400 17,840 EnerSys 694 50,155 * Engility Holdings, Inc. 679 19,806 Ennis, Inc. 600 11,550 EnPro Industries, Inc. 400 30,808 Equifax, Inc. 500 72,720 ESCO Technologies, Inc. 400 24,680 * Esterline Technologies Corp. 400 38,600 # Expeditors International of Washington, Inc. 700 41,216 Exponent, Inc. 289 18,843 # Fastenal Co. 600 25,776 Federal Signal Corp. 800 14,800 FedEx Corp. 1,366 284,169 # Flowserve Corp. 901 37,058 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Fluor Corp. 1,040 $ 45,167 Fortune Brands Home & Security, Inc. 945 62,058 Forward Air Corp. 500 25,915 Franklin Electric Co., Inc. 719 29,048 * FTI Consulting, Inc. 920 30,185 # GATX Corp. 1,007 62,263 * Generac Holdings, Inc. 1,531 55,070 General Cable Corp. 1,000 19,300 General Dynamics Corp. 723 141,947 * Genesee & Wyoming, Inc. Class A 800 52,128 * Gibraltar Industries, Inc. 800 23,880 Global Brass & Copper Holdings, Inc. 441 14,134 Gorman-Rupp Co. (The) 625 18,888 Graco, Inc. 600 69,624 Granite Construction, Inc. 700 34,314 * Great Lakes Dredge & Dock Corp. 1,000 3,950 Greenbrier Cos., Inc. (The) 700 31,500 Griffon Corp. 1,100 22,550 H&E Equipment Services, Inc. 375 8,464 * Harsco Corp. 942 14,554 * Hawaiian Holdings, Inc. 1,100 45,540 * HD Supply Holdings, Inc. 815 26,479 Healthcare Services Group, Inc. 400 20,900 # Heartland Express, Inc. 1,500 31,695 HEICO Corp. 522 41,953 HEICO Corp. Class A 888 63,092 Heidrick & Struggles International, Inc. 400 7,240 * Herc Holdings, Inc. 597 27,092 * Heritage-Crystal Clean, Inc. 99 1,861 Herman Miller, Inc. 900 30,307 #* Hertz Global Holdings, Inc. 404 5,523 Hexcel Corp. 1,373 70,256 * Hill International, Inc. 900 4,545 Hillenbrand, Inc. 1,630 58,680 HNI Corp. 649 24,500 Honeywell International, Inc. 1,737 236,440 * Hub Group, Inc. Class A 700 23,835 Hubbell, Inc. 764 90,756 * Hudson Technologies, Inc. 1,343 10,865 Huntington Ingalls Industries, Inc. 318 65,543 * Huron Consulting Group, Inc. 413 14,662 Hyster-Yale Materials Handling, Inc. 300 21,258 * ICF International, Inc. 350 15,838 IDEX Corp. 432 50,345 Illinois Tool Works, Inc. 635 89,351 Ingersoll-Rand P.L.C. 1,215 106,774 * InnerWorkings, Inc. 640 7,546 Insperity, Inc. 400 30,200 Insteel Industries, Inc. 400 10,528 Interface, Inc. 1,285 24,351 ITT, Inc. 1,500 61,500 Jacobs Engineering Group, Inc. 800 42,176 JB Hunt Transport Services, Inc. 691 62,681 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) * JetBlue Airways Corp. 4,746 $104,080 John Bean Technologies Corp. 300 27,720 Johnson Controls International P.L.C. 2,378 92,623 Kadant, Inc. 234 18,264 Kaman Corp. 600 30,672 Kansas City Southern 1,000 103,190 KAR Auction Services, Inc. 2,097 88,158 # KBR, Inc. 1,821 27,169 Kelly Services, Inc. Class A 632 14,075 Kennametal, Inc. 610 22,509 * KEYW Holding Corp. (The) 1,151 10,163 Kforce, Inc. 856 16,007 Kimball International, Inc. Class B 858 14,303 * Kirby Corp. 1,000 60,900 * KLX, Inc. 799 41,484 Knight Transportation, Inc. 1,689 60,213 Knoll, Inc. 628 12,158 Korn/Ferry International 806 26,961 #* Kratos Defense & Security Solutions, Inc. 1,538 16,926 L3 Technologies, Inc. 400 69,988 Landstar System, Inc. 400 33,260 * Lawson Products, Inc. 185 4,264 # Lennox International, Inc. 260 44,460 Lincoln Electric Holdings, Inc. 356 31,065 Lindsay Corp. 100 9,167 Lockheed Martin Corp. 482 140,807 * Lydall, Inc. 400 19,800 Macquarie Infrastructure Corp. 369 27,974 * Manitowoc Co., Inc. (The) 2,048 11,694 ManpowerGroup, Inc. 888 95,149 Marten Transport, Ltd. 1,500 23,925 Masco Corp. 985 37,558 * Masonite International Corp. 377 29,274 * MasTec, Inc. 1,477 68,237 * Mastech Digital, Inc. 55 519 Matson, Inc. 1,017 28,679 Matthews International Corp. Class A 500 32,775 McGrath RentCorp 700 24,871 * Mercury Systems, Inc. 605 26,566 * Meritor, Inc. 1,540 26,611 * Middleby Corp. (The) 200 26,136 * Milacron Holdings Corp. 595 10,698 Miller Industries, Inc. 300 7,830 * Mistras Group, Inc. 69 1,390 Mobile Mini, Inc. 781 24,055 * Moog, Inc. Class A 700 52,024 * MRC Global, Inc. 900 14,706 MSA Safety, Inc. 567 45,451 MSC Industrial Direct Co., Inc. Class A 689 49,064 Mueller Industries, Inc. 1,118 35,217 Mueller Water Products, Inc. Class A 3,445 39,962 Multi-Color Corp. 432 34,776 * MYR Group, Inc. 619 19,690 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) * Navigant Consulting, Inc. 1,100 $ 18,623 #* Navistar International Corp. 842 25,908 * NCI Building Systems, Inc. 1,506 27,108 Nielsen Holdings P.L.C. 1,864 80,171 NN, Inc. 277 7,673 Nordson Corp. 404 51,308 Norfolk Southern Corp. 1,661 186,995 Northrop Grumman Corp. 328 86,307 * NOW, Inc. 1,167 18,590 Old Dominion Freight Line, Inc. 1,019 97,732 Omega Flex, Inc. 169 10,147 * On Assignment, Inc. 1,100 54,175 Orbital ATK, Inc. 725 74,080 Oshkosh Corp. 1,336 91,997 Owens Corning 1,356 90,920 PACCAR, Inc. 1,770 121,156 * PAM Transportation Services, Inc. 144 2,524 Park-Ohio Holdings Corp. 200 7,950 Parker-Hannifin Corp. 563 93,447 * Patrick Industries, Inc. 325 24,732 Pentair P.L.C. 1,255 79,153 * PGT Innovations, Inc. 957 12,441 Pitney Bowes, Inc. 1,237 19,470 * Ply Gem Holdings, Inc. 869 15,208 Powell Industries, Inc. 300 9,555 Preformed Line Products Co. 191 9,306 Primoris Services Corp. 1,216 30,303 #* Proto Labs, Inc. 146 10,789 Quad/Graphics, Inc. 200 4,492 Quanex Building Products Corp. 1,000 21,500 * Quanta Services, Inc. 2,117 71,406 Raven Industries, Inc. 600 20,640 Raytheon Co. 800 137,416 * RBC Bearings, Inc. 300 31,002 * RCM Technologies, Inc. 400 2,128 Regal Beloit Corp. 637 53,094 Republic Services, Inc. 1,918 123,174 Resources Connection, Inc. 699 9,332 * Rexnord Corp. 1,378 31,914 Robert Half International, Inc. 946 42,806 Rockwell Automation, Inc. 500 82,515 Rockwell Collins, Inc. 672 71,588 # Rollins, Inc. 790 34,294 Roper Technologies, Inc. 300 69,738 * RPX Corp. 330 4,511 * Rush Enterprises, Inc. Class A 750 32,347 Ryder System, Inc. 1,300 94,588 * Saia, Inc. 450 24,458 #* Sensata Technologies Holding NV 1,542 69,575 Simpson Manufacturing Co., Inc. 700 31,003 SkyWest, Inc. 900 32,850 # Snap-on, Inc. 500 77,100 Southwest Airlines Co. 4,289 238,082 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) * SP Plus Corp. 500 $ 16,350 Spirit Aerosystems Holdings, Inc. Class A 1,192 72,033 * Spirit Airlines, Inc. 1,077 41,841 * SPX Corp. 546 15,026 * SPX FLOW, Inc. 909 32,233 Standex International Corp. 300 28,785 Stanley Black & Decker, Inc. 785 110,442 Steelcase, Inc. Class A 1,700 23,205 * Stericycle, Inc. 300 23,124 Sun Hydraulics Corp. 462 19,108 #* Swift Transportation Co. 1,700 43,350 #* Team, Inc. 500 7,175 * Teledyne Technologies, Inc. 600 81,804 Tennant Co. 300 22,665 Terex Corp. 1,300 51,181 Tetra Tech, Inc. 1,000 47,450 Textron, Inc. 2,314 113,687 * Thermon Group Holdings, Inc. 500 8,935 Timken Co. (The) 1,100 50,050 Titan International, Inc. 1,177 15,007 Toro Co. (The) 800 56,872 # TransDigm Group, Inc. 145 40,910 * Trex Co., Inc. 444 33,393 * TriMas Corp. 456 11,104 * TriNet Group, Inc. 1,124 39,340 Trinity Industries, Inc. 3,426 93,907 Triton International, Ltd. 900 32,454 Triumph Group, Inc. 859 21,990 * TrueBlue, Inc. 575 14,691 * Tutor Perini Corp. 700 18,620 UniFirst Corp. 240 34,140 Union Pacific Corp. 2,902 298,790 * United Continental Holdings, Inc. 2,770 187,474 United Parcel Service, Inc. Class B 1,300 143,377 * United Rentals, Inc. 839 99,807 United Technologies Corp. 2,792 331,047 * Univar, Inc. 886 27,501 Universal Forest Products, Inc. 400 33,540 Universal Logistics Holdings, Inc. 325 4,729 US Ecology, Inc. 400 20,760 #* USG Corp. 1,543 41,723 Valmont Industries, Inc. 342 52,223 * Vectrus, Inc. 240 8,162 * Verisk Analytics, Inc. 650 56,719 * Veritiv Corp. 273 10,142 Viad Corp. 600 32,130 * Virco Manufacturing Corp. 285 1,553 # Wabash National Corp. 1,350 25,758 * WABCO Holdings, Inc. 200 27,514 # Wabtec Corp. 600 45,216 Waste Management, Inc. 1,386 104,158 Watsco, Inc. 210 31,662 Watts Water Technologies, Inc. Class A 269 17,324 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) #* Welbilt, Inc. 1,448 $ 28,222 Werner Enterprises, Inc. 1,700 50,405 * Wesco Aircraft Holdings, Inc. 781 8,474 * WESCO International, Inc. 649 33,261 West Corp. 1,008 23,557 Woodward, Inc. 600 41,964 # WW Grainger, Inc. 290 48,355 * XPO Logistics, Inc. 2,138 128,515 Xylem, Inc. 1,201 68,133 * YRC Worldwide, Inc. 640 8,506 ----------- Total Industrials 15,852,270 ----------- Information Technology -- (19.8%) * 3D Systems Corp. 300 5,040 Accenture P.L.C. Class A 633 81,543 * ACI Worldwide, Inc. 1,826 42,308 Activision Blizzard, Inc. 1,673 103,358 * Actua Corp. 900 12,150 * Acxiom Corp. 1,000 26,970 * Adobe Systems, Inc. 473 69,290 ADTRAN, Inc. 600 14,070 * Advanced Energy Industries, Inc. 676 49,044 #* Advanced Micro Devices, Inc. 2,196 29,888 * Akamai Technologies, Inc. 1,295 61,046 Alliance Data Systems Corp. 130 31,386 * Alphabet, Inc. Class A 619 585,264 * Alphabet, Inc. Class C 648 602,964 Amdocs, Ltd. 1,200 80,604 * Amkor Technology, Inc. 4,400 45,628 Amphenol Corp. Class A 800 61,296 Analog Devices, Inc. 714 56,413 #* Angie's List, Inc. 1,372 16,437 * Anixter International, Inc. 536 42,210 * ANSYS, Inc. 500 64,775 Apple, Inc. 11,941 1,775,985 Applied Materials, Inc. 3,806 168,644 #* Applied Optoelectronics, Inc. 396 38,606 * Arista Networks, Inc. 275 41,055 * ARRIS International P.L.C. 2,164 60,505 * Arrow Electronics, Inc. 922 74,949 * Aspen Technology, Inc. 802 45,610 * Autodesk, Inc. 300 33,237 Automatic Data Processing, Inc. 1,000 118,910 #* Avid Technology, Inc. 62 319 Avnet, Inc. 1,044 40,069 AVX Corp. 2,100 37,527 * Axcelis Technologies, Inc. 651 14,452 * AXT, Inc. 300 2,625 Badger Meter, Inc. 600 27,150 * Barracuda Networks, Inc. 912 20,493 * Bazaarvoice, Inc. 2,331 10,956 Belden, Inc. 545 39,207 * Benchmark Electronics, Inc. 868 29,208 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) #* Black Knight Financial Services, Inc. Class A 323 $ 13,728 Blackbaud, Inc. 200 18,468 * Blackhawk Network Holdings, Inc. 850 37,103 * Blucora, Inc. 1,000 22,400 Booz Allen Hamilton Holding Corp. 1,250 42,875 * Bottomline Technologies de, Inc. 261 7,433 Broadcom, Ltd. 604 148,983 Broadridge Financial Solutions, Inc. 584 44,302 Brocade Communications Systems, Inc. 5,772 72,900 Brooks Automation, Inc. 1,100 27,016 CA, Inc. 3,227 100,166 Cabot Microelectronics Corp. 300 22,245 * CACI International, Inc. Class A 405 50,665 * Cadence Design Systems, Inc. 991 36,568 * CalAmp Corp. 500 9,550 * Calix, Inc. 993 6,802 * Carbonite, Inc. 716 16,898 * Cardtronics P.L.C. Class A 982 30,737 #* Cars.com, Inc. 1,113 27,046 Cass Information Systems, Inc. 212 13,984 #* Cavium, Inc. 147 9,105 CDK Global, Inc. 333 21,905 CDW Corp. 1,079 68,441 * Ceva, Inc. 95 4,394 * Ciena Corp. 1,691 43,543 #* Cimpress NV 319 28,149 * Cirrus Logic, Inc. 1,285 78,950 Cisco Systems, Inc. 23,593 742,000 * Citrix Systems, Inc. 400 31,592 Cognex Corp. 667 63,405 Cognizant Technology Solutions Corp. Class A 1,826 126,578 * Coherent, Inc. 96 25,440 Cohu, Inc. 600 10,932 * CommerceHub, Inc. Series A 95 1,733 * CommerceHub, Inc. Series C 190 3,416 * CommScope Holding Co., Inc. 947 34,831 * Conduent, Inc. 2,787 46,013 Convergys Corp. 1,717 41,156 * CoreLogic, Inc. 1,279 58,258 Corning, Inc. 3,565 103,884 #* CoStar Group, Inc. 148 40,781 * Cray, Inc. 624 12,854 * Cree, Inc. 1,267 32,828 CSG Systems International, Inc. 860 35,561 CSRA, Inc. 1,721 56,122 CTS Corp. 549 12,078 # Cypress Semiconductor Corp. 4,763 67,635 Daktronics, Inc. 587 5,741 * Dell Technologies, Inc. Class V 998 64,141 # Diebold Nixdorf, Inc. 400 9,360 * Digi International, Inc. 900 9,405 * Diodes, Inc. 837 22,206 Dolby Laboratories, Inc. Class A 766 39,641 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * DSP Group, Inc. 600 $ 7,560 DST Systems, Inc. 1,240 68,076 DXC Technology Co. 1,970 154,409 * Eastman Kodak Co. 804 7,638 * eBay, Inc. 3,676 131,343 Ebix, Inc. 562 32,456 * EchoStar Corp. Class A 625 37,956 * Electronic Arts, Inc. 551 64,324 * Electronics for Imaging, Inc. 416 20,209 * Endurance International Group Holdings, Inc. 1,142 10,564 * Entegris, Inc. 2,601 67,886 * Envestnet, Inc. 195 7,615 * EPAM Systems, Inc. 278 23,889 * ePlus, Inc. 218 17,636 * Euronet Worldwide, Inc. 658 63,569 * ExlService Holdings, Inc. 500 28,775 * F5 Networks, Inc. 300 36,225 * Fabrinet 700 31,507 * Facebook, Inc. Class A 3,216 544,308 Fair Isaac Corp. 200 28,510 * FARO Technologies, Inc. 413 16,314 Fidelity National Information Services, Inc. 1,249 113,934 * Finisar Corp. 1,669 45,430 #* First Solar, Inc. 1,039 51,233 * Fiserv, Inc. 429 55,126 * FleetCor Technologies, Inc. 334 50,788 * Flex, Ltd. 5,548 88,713 FLIR Systems, Inc. 1,911 71,319 * FormFactor, Inc. 744 9,746 Forrester Research, Inc. 335 13,668 * Fortinet, Inc. 343 12,660 * Frequency Electronics, Inc. 300 2,580 * Gartner, Inc. 391 50,173 # Genpact, Ltd. 1,566 45,414 Global Payments, Inc. 550 51,903 * Globant SA 304 13,975 * GoDaddy, Inc. Class A 330 14,183 * GrubHub, Inc. 472 21,773 * GTT Communications, Inc. 590 18,025 #* Guidewire Software, Inc. 209 15,081 Hackett Group, Inc. (The) 700 11,494 #* Harmonic, Inc. 2,474 10,143 Harris Corp. 939 107,487 Hewlett Packard Enterprise Co. 9,033 158,168 HP, Inc. 3,401 64,959 * IAC/InterActiveCorp 794 83,076 * II-VI, Inc. 1,177 44,844 #* Infinera Corp. 1,650 19,355 * Innodata, Inc. 200 340 * Insight Enterprises, Inc. 900 36,468 * Integrated Device Technology, Inc. 1,200 31,368 Intel Corp. 29,844 1,058,567 InterDigital, Inc. 694 50,558 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) International Business Machines Corp. 1,873 $ 270,967 Intuit, Inc. 400 54,884 * IPG Photonics Corp. 803 122,570 * Itron, Inc. 400 29,200 IXYS Corp. 910 15,834 # j2 Global, Inc. 728 61,611 Jabil, Inc. 3,412 104,066 Jack Henry & Associates, Inc. 276 29,620 Juniper Networks, Inc. 1,989 55,593 * Kemet Corp. 1,851 31,189 * Keysight Technologies, Inc. 1,334 55,481 * Kimball Electronics, Inc. 500 9,725 KLA-Tencor Corp. 700 64,841 * Knowles Corp. 1,106 16,756 * Kulicke & Soffa Industries, Inc. 1,300 28,002 Lam Research Corp. 1,187 189,279 * Lattice Semiconductor Corp. 1,200 8,352 Leidos Holdings, Inc. 657 35,110 Littelfuse, Inc. 304 54,775 LogMeIn, Inc. 446 51,937 * Lumentum Holdings, Inc. 667 41,754 * Luxoft Holding, Inc. 344 21,655 #* MACOM Technology Solutions Holdings, Inc. 259 15,682 * Manhattan Associates, Inc. 880 38,896 ManTech International Corp. Class A 600 23,832 Marvell Technology Group, Ltd. 2,448 38,091 Mastercard, Inc. Class A 2,000 255,600 #* Match Group, Inc. 732 13,359 Maxim Integrated Products, Inc. 578 26,264 MAXIMUS, Inc. 636 38,389 * MaxLinear, Inc. 700 18,340 Methode Electronics, Inc. 707 28,103 # Microchip Technology, Inc. 600 48,024 * Micron Technology, Inc. 7,655 215,259 * Microsemi Corp. 1,606 83,640 Microsoft Corp. 16,246 1,181,084 * MicroStrategy, Inc. Class A 145 19,504 MKS Instruments, Inc. 900 75,285 * MoneyGram International, Inc. 1,107 18,066 Monolithic Power Systems, Inc. 300 30,696 Monotype Imaging Holdings, Inc. 300 5,655 Motorola Solutions, Inc. 498 45,159 # MTS Systems Corp. 300 15,810 * Nanometrics, Inc. 564 15,031 # National Instruments Corp. 1,367 56,238 * NCR Corp. 1,798 68,054 #* NeoPhotonics Corp. 221 1,783 NetApp, Inc. 2,261 98,173 * NETGEAR, Inc. 825 39,518 * Netscout Systems, Inc. 917 31,637 * NeuStar, Inc. Class A 700 23,380 NIC, Inc. 700 11,375 * Nuance Communications, Inc. 2,974 51,450 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) NVIDIA Corp. 2,765 $449,340 #* Oclaro, Inc. 1,866 18,249 * ON Semiconductor Corp. 6,131 91,658 Oracle Corp. 8,569 427,850 Park Electrochemical Corp. 667 12,533 Paychex, Inc. 600 34,710 #* Paycom Software, Inc. 315 22,078 * PayPal Holdings, Inc. 1,900 111,245 PC Connection, Inc. 590 15,222 * PCM, Inc. 400 4,950 #* PDF Solutions, Inc. 800 12,840 Pegasystems, Inc. 944 57,065 * Perficient, Inc. 700 13,160 * Photronics, Inc. 1,100 11,055 Plantronics, Inc. 600 27,108 * Plexus Corp. 700 37,527 Power Integrations, Inc. 228 16,108 Progress Software Corp. 600 19,206 * Qorvo, Inc. 869 59,579 QUALCOMM, Inc. 7,467 397,170 * Qualys, Inc. 360 14,454 * Rambus, Inc. 1,189 15,326 * Red Hat, Inc. 628 62,090 Reis, Inc. 200 4,280 * Rogers Corp. 400 47,188 * Rudolph Technologies, Inc. 1,000 24,750 # Sabre Corp. 500 11,065 * salesforce.com, Inc. 300 27,240 * Sanmina Corp. 1,100 39,435 * ScanSource, Inc. 400 15,840 Science Applications International Corp. 527 37,106 # Seagate Technology P.L.C. 1,020 33,619 * Semtech Corp. 700 27,720 * ServiceSource International, Inc. 89 338 * ShoreTel, Inc. 1,500 11,175 * Shutterstock, Inc. 200 8,428 * Silicon Laboratories, Inc. 400 30,040 #* Silver Spring Networks, Inc. 854 9,659 Skyworks Solutions, Inc. 1,130 118,503 SS&C Technologies Holdings, Inc. 1,129 43,760 * Stamps.com, Inc. 100 14,810 * StarTek, Inc. 300 3,690 * Stratasys, Ltd. 825 19,792 #* SunPower Corp. 1,332 14,838 * Super Micro Computer, Inc. 419 11,250 * Sykes Enterprises, Inc. 1,080 36,720 Symantec Corp. 2,513 77,878 #* Synaptics, Inc. 401 21,097 * Synchronoss Technologies, Inc. 431 7,275 SYNNEX Corp. 700 83,244 * Synopsys, Inc. 877 67,152 # Syntel, Inc. 600 11,694 * Take-Two Interactive Software, Inc. 601 47,767 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Information Technology -- (Continued) TE Connectivity, Ltd. 1,929 $ 155,072 * Tech Data Corp. 800 81,920 TeleTech Holdings, Inc. 1,009 42,176 #* Teradata Corp. 1,635 52,026 Teradyne, Inc. 2,728 94,362 Tessco Technologies, Inc. 150 2,003 Texas Instruments, Inc. 2,281 185,628 TiVo Corp. 1,047 20,521 Total System Services, Inc. 1,389 88,146 Travelport Worldwide, Ltd. 861 12,312 * Trimble, Inc. 1,400 52,402 * TTM Technologies, Inc. 1,827 31,753 * Tyler Technologies, Inc. 69 11,855 #* Ubiquiti Networks, Inc. 700 38,150 #* Ultimate Software Group, Inc. (The) 100 22,571 Universal Display Corp. 267 32,200 * Vantiv, Inc. Class A 717 45,565 * Veeco Instruments, Inc. 860 26,488 #* VeriFone Systems, Inc. 800 15,608 * Verint Systems, Inc. 500 19,825 #* VeriSign, Inc. 300 30,351 Versum Materials, Inc. 311 10,966 #* ViaSat, Inc. 629 41,571 * Viavi Solutions, Inc. 1,795 19,691 * Virtusa Corp. 655 21,713 Visa, Inc. Class A 3,800 378,328 # Vishay Intertechnology, Inc. 3,100 55,335 #* VMware, Inc. Class A 120 11,125 * Web.com Group, Inc. 966 21,204 #* WebMD Health Corp. 508 33,655 Western Digital Corp. 1,684 143,342 # Western Union Co. (The) 1,501 29,645 * WEX, Inc. 500 54,340 #* Workday, Inc. Class A 125 12,764 Xerox Corp. 1,861 57,077 Xilinx, Inc. 926 58,579 * XO Group, Inc. 517 9,451 Xperi Corp. 1,053 30,800 * Zebra Technologies Corp. Class A 773 78,630 * Zillow Group, Inc. Class A 402 18,263 #* Zillow Group, Inc. Class C 324 14,632 * Zix Corp. 1,300 6,929 #* Zynga, Inc. Class A 6,854 24,743 ----------- Total Information Technology 20,202,629 ----------- Materials -- (5.0%) A Schulman, Inc. 719 18,910 * AdvanSix, Inc. 483 16,171 Air Products & Chemicals, Inc. 623 88,559 #* AK Steel Holding Corp. 2,700 15,282 Albemarle Corp. 526 60,911 Alcoa Corp. 266 9,682 # Allegheny Technologies, Inc. 308 5,834 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Materials -- (Continued) American Vanguard Corp. 800 $ 14,160 # AptarGroup, Inc. 1,000 80,930 Avery Dennison Corp. 565 52,505 # Ball Corp. 2,377 99,596 Bemis Co., Inc. 1,900 80,503 * Berry Global Group, Inc. 688 38,583 * Boise Cascade Co. 801 24,310 Cabot Corp. 896 48,680 Calgon Carbon Corp. 1,200 19,200 Carpenter Technology Corp. 800 32,344 Celanese Corp. Series A 698 67,127 * Century Aluminum Co. 1,302 21,848 # CF Industries Holdings, Inc. 2,000 58,700 Chase Corp. 300 32,415 Chemours Co. (The) 900 42,849 * Clearwater Paper Corp. 400 19,660 #* Cliffs Natural Resources, Inc. 2,586 19,964 * Coeur Mining, Inc. 2,523 20,890 Commercial Metals Co. 2,000 37,200 # Compass Minerals International, Inc. 700 48,335 * Core Molding Technologies, Inc. 300 5,721 * Crown Holdings, Inc. 500 29,735 Deltic Timber Corp. 200 14,426 Domtar Corp. 1,304 50,934 Dow Chemical Co. (The) 4,429 284,519 Eagle Materials, Inc. 602 56,648 Eastman Chemical Co. 1,300 108,108 Ecolab, Inc. 592 77,949 EI du Pont de Nemours & Co. 1,709 140,497 * Ferro Corp. 2,123 40,847 Ferroglobe P.L.C. 2,435 31,119 FMC Corp. 820 62,632 * Freeport-McMoRan, Inc. 7,481 109,372 FutureFuel Corp. 801 11,663 * GCP Applied Technologies, Inc. 867 26,270 Graphic Packaging Holding Co. 6,211 81,923 Greif, Inc. Class A 600 33,654 Greif, Inc. Class B 234 14,017 Hawkins, Inc. 233 10,473 Haynes International, Inc. 259 8,102 HB Fuller Co. 900 46,368 Hecla Mining Co. 5,080 27,483 Huntsman Corp. 4,194 111,644 * Ingevity Corp. 456 26,676 Innophos Holdings, Inc. 408 17,042 Innospec, Inc. 558 34,819 International Flavors & Fragrances, Inc. 300 39,954 International Paper Co. 1,029 56,574 Kaiser Aluminum Corp. 224 21,793 KapStone Paper and Packaging Corp. 2,800 64,008 KMG Chemicals, Inc. 300 15,186 * Koppers Holdings, Inc. 225 8,168 Kronos Worldwide, Inc. 1,568 33,430 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Materials -- (Continued) * Louisiana-Pacific Corp. 2,175 $ 54,614 LyondellBasell Industries NV Class A 977 88,018 Martin Marietta Materials, Inc. 296 67,023 Materion Corp. 491 18,879 Mercer International, Inc. 800 8,800 Minerals Technologies, Inc. 600 42,480 Monsanto Co. 900 105,138 Mosaic Co. (The) 1,607 38,793 Myers Industries, Inc. 775 13,175 Neenah Paper, Inc. 324 25,888 NewMarket Corp. 100 46,011 Newmont Mining Corp. 3,079 114,446 Nucor Corp. 2,128 122,722 Olin Corp. 2,917 85,993 Olympic Steel, Inc. 300 5,127 * OMNOVA Solutions, Inc. 1,449 13,621 * Owens-Illinois, Inc. 1,696 40,534 Packaging Corp. of America 468 51,237 PH Glatfelter Co. 800 16,376 #* Platform Specialty Products Corp. 4,343 60,845 PolyOne Corp. 1,211 44,298 PPG Industries, Inc. 680 71,570 Praxair, Inc. 700 91,112 Quaker Chemical Corp. 200 28,374 Rayonier Advanced Materials, Inc. 1,095 16,326 Reliance Steel & Aluminum Co. 881 63,749 Royal Gold, Inc. 800 69,328 RPM International, Inc. 599 31,070 Schnitzer Steel Industries, Inc. Class A 443 11,429 Scotts Miracle-Gro Co. (The) 436 41,852 Sealed Air Corp. 862 37,506 Sensient Technologies Corp. 512 38,072 Sherwin-Williams Co. (The) 200 67,454 Silgan Holdings, Inc. 2,132 64,600 Sonoco Products Co. 1,434 69,520 Southern Copper Corp. 400 15,736 Steel Dynamics, Inc. 2,110 74,715 Stepan Co. 600 49,302 #* TimkenSteel Corp. 550 8,740 Tredegar Corp. 800 12,080 Trinseo SA 800 56,240 Tronox, Ltd. Class A 1,439 27,888 # United States Steel Corp. 1,982 46,557 #* US Concrete, Inc. 202 15,827 Vulcan Materials Co. 510 62,791 Westlake Chemical Corp. 357 25,119 WestRock Co. 1,579 90,666 Worthington Industries, Inc. 900 45,603 WR Grace & Co. 400 27,584 ---------- Total Materials 5,101,730 ---------- Real Estate -- (0.5%) Alexander & Baldwin, Inc. 1,017 42,643 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Real Estate -- (Continued) * Altisource Asset Management Corp. 21 $ 1,932 * Altisource Portfolio Solutions SA 218 5,688 * CBRE Group, Inc. Class A 3,240 123,087 * Forestar Group, Inc. 458 7,855 Griffin Industrial Realty, Inc. 93 2,994 HFF, Inc. Class A 702 25,777 * Howard Hughes Corp. (The) 491 61,773 Jones Lang LaSalle, Inc. 491 62,465 Kennedy-Wilson Holdings, Inc. 1,030 20,703 * Marcus & Millichap, Inc. 913 23,373 RE/MAX Holdings, Inc. Class A 160 9,304 # Realogy Holdings Corp. 1,936 64,275 RMR Group, Inc. (The) Class A 365 17,830 #* St Joe Co. (The) 1,285 23,194 ---------- Total Real Estate 492,893 ---------- Telecommunication Services -- (2.9%) AT&T, Inc. 46,460 1,811,940 ATN International, Inc. 400 23,200 * Boingo Wireless, Inc. 931 13,807 # CenturyLink, Inc. 7,300 169,871 * Cincinnati Bell, Inc. 700 13,055 Cogent Communications Holdings, Inc. 587 24,507 Consolidated Communications Holdings, Inc. 1,388 24,984 * General Communication, Inc. Class A 1,100 46,937 IDT Corp. Class B 504 7,464 #* Iridium Communications, Inc. 1,497 14,895 * Level 3 Communications, Inc. 1,581 92,773 * Lumos Networks Corp. 200 3,582 * ORBCOMM, Inc. 1,200 13,932 Shenandoah Telecommunications Co. 1,422 43,727 #* Sprint Corp. 6,545 52,229 * T-Mobile US, Inc. 1,996 123,073 Telephone & Data Systems, Inc. 1,913 54,387 * United States Cellular Corp. 324 12,273 Verizon Communications, Inc. 8,750 423,500 * Vonage Holdings Corp. 3,429 22,666 # Windstream Holdings, Inc. 2,991 11,336 ---------- Total Telecommunication Services 3,004,138 ---------- Utilities -- (2.4%) AES Corp. 2,191 24,495 ALLETE, Inc. 400 29,308 Alliant Energy Corp. 800 32,424 Ameren Corp. 900 50,490 American Electric Power Co., Inc. 600 42,324 American States Water Co. 600 29,670 American Water Works Co., Inc. 506 41,037 # Aqua America, Inc. 484 16,156 Atlantica Yield PLC 1,080 23,339 Atmos Energy Corp. 504 43,727 # Avangrid, Inc. 414 18,804 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Utilities -- (Continued) # Avista Corp. 500 $ 26,305 # Black Hills Corp. 300 20,898 California Water Service Group 600 23,340 * Calpine Corp. 5,050 72,619 CenterPoint Energy, Inc. 1,600 45,104 Chesapeake Utilities Corp. 161 12,437 CMS Energy Corp. 700 32,368 Connecticut Water Service, Inc. 312 17,778 # Consolidated Edison, Inc. 400 33,144 Dominion Energy, Inc. 1,000 77,180 DTE Energy Co. 385 41,218 Duke Energy Corp. 996 84,780 #* Dynegy, Inc. 2,092 18,786 Edison International 500 39,340 El Paso Electric Co. 515 26,728 Entergy Corp. 469 35,982 Eversource Energy 570 34,650 Exelon Corp. 1,149 44,053 # FirstEnergy Corp. 500 15,955 Great Plains Energy, Inc. 871 26,879 Hawaiian Electric Industries, Inc. 1,100 36,289 IDACORP, Inc. 415 35,839 MDU Resources Group, Inc. 911 24,005 MGE Energy, Inc. 600 39,930 Middlesex Water Co. 300 11,772 # National Fuel Gas Co. 656 38,842 New Jersey Resources Corp. 600 25,290 NextEra Energy, Inc. 700 102,263 NiSource, Inc. 1,112 28,979 Northwest Natural Gas Co. 400 25,240 NorthWestern Corp. 500 28,895 NRG Energy, Inc. 5,933 146,070 NRG Yield, Inc. Class A 194 3,537 # NRG Yield, Inc. Class C 700 13,020 OGE Energy Corp. 800 28,688 ONE Gas, Inc. 421 30,640 Ormat Technologies, Inc. 900 53,370 Otter Tail Corp. 600 24,270 Pattern Energy Group, Inc. 575 14,432 PG&E Corp. 600 40,614 Pinnacle West Capital Corp. 300 26,019 PNM Resources, Inc. 400 15,940 Portland General Electric Co. 700 31,283 PPL Corp. 800 30,664 Public Service Enterprise Group, Inc. 900 40,473 SCANA Corp. 400 25,748 # Sempra Energy 400 45,204 SJW Corp. 211 11,156 South Jersey Industries, Inc. 800 27,176 Southern Co. (The) 1,400 67,102 Southwest Gas Holdings, Inc. 400 32,040 Spire, Inc. 300 21,780 UGI Corp. 750 37,852 CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Utilities -- (Continued) Unitil Corp. 100 $ 5,075 Vectren Corp. 600 36,066 # WEC Energy Group, Inc. 599 37,719 Westar Energy, Inc. 800 40,600 WGL Holdings, Inc. 600 51,432 Xcel Energy, Inc. 900 42,579 York Water Co. (The) 360 12,528 ------------ Total Utilities 2,471,739 ------------ TOTAL COMMON STOCKS 96,491,855 ------------ RIGHTS/WARRANTS -- (0.0%) (degrees)* Safeway Casa Ley Contingent Value Rights 1,200 1,218 (degrees)* Safeway PDC, LLC Contingent Value Rights 1,200 1 ------------ TOTAL RIGHTS/WARRANTS 1,219 ------------ TOTAL INVESTMENT SECURITIES 96,493,074 ------------ TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional U.S. Government Money Market Fund, 0.940% 349,763 349,763 ------------ SECURITIES LENDING COLLATERAL -- (5.3%) (S)@ DFA Short Term Investment Fund 462,546 5,352,578 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $63,378,858)^^ $102,195,415 ============ CSTG&E U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) - ------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL - ----------- ---------- ------- ------------ Common Stocks Consumer Discretionary $16,590,459 $ 1,414 -- $ 16,591,873 Consumer Staples 5,997,299 -- -- 5,997,299 Energy 5,653,121 -- -- 5,653,121 Financials 21,124,163 -- -- 21,124,163 Industrials 15,852,270 -- -- 15,852,270 Information Technology 20,202,629 -- -- 20,202,629 Materials 5,101,730 -- -- 5,101,730 Real Estate 492,893 -- -- 492,893 Telecommunication Services 3,004,138 -- -- 3,004,138 Utilities 2,471,739 -- -- 2,471,739 Rights/Warrants -- 1,219 -- 1,219 Temporary Cash Investments 349,763 -- -- 349,763 Securities Lending Collateral -- 5,352,578 -- 5,352,578 ----------- ---------- -- ------------ TOTAL $96,840,204 $5,355,211 -- $102,195,415 =========== ========== == ============ CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------ -------- COMMON STOCKS -- (93.3%) AUSTRALIA -- (5.8%) # Adelaide Brighton, Ltd. 7,168 $ 32,256 ALS, Ltd. 3,328 19,759 # Alumina, Ltd. 29,112 44,217 Amcor, Ltd. 6,427 78,894 AMP, Ltd. 34,118 147,081 # ARB Corp., Ltd. 443 5,431 # Ardent Leisure Group 8,718 14,572 #* Arrium, Ltd. 32,904 494 Ausdrill, Ltd. 3,727 5,801 AusNet Services 21,363 27,943 Australia & New Zealand Banking Group, Ltd. 11,633 275,808 * Australian Agricultural Co., Ltd. 10,040 13,290 # Automotive Holdings Group, Ltd. 8,097 24,808 Aveo Group 4,930 9,584 * AWE, Ltd. 11,677 4,492 Bank of Queensland, Ltd. 3,589 34,596 Beach Energy, Ltd. 44,398 24,209 * Beadell Resources, Ltd. 38,340 5,715 Bendigo & Adelaide Bank, Ltd. 5,056 44,972 BHP Billiton, Ltd. 20,901 435,293 BHP Billiton, Ltd. Sponsored ADR 4,700 195,802 * Billabong International, Ltd. 2,604 1,667 BlueScope Steel, Ltd. 12,070 127,155 Boral, Ltd. 19,568 108,440 Brambles, Ltd. 3,782 27,963 Breville Group, Ltd. 2,941 23,647 Brickworks, Ltd. 846 8,933 Cabcharge Australia, Ltd. 1,270 2,216 Caltex Australia, Ltd. 854 21,282 * Cardno, Ltd. 3,548 3,567 carsales.com, Ltd. 2,372 23,439 Cash Converters International, Ltd. 15,872 4,190 Challenger, Ltd. 2,128 21,869 CIMIC Group, Ltd. 1,225 40,636 Cleanaway Waste Management, Ltd. 49,648 51,813 Coca-Cola Amatil, Ltd. 4,079 26,860 Collins Foods, Ltd. 5,196 24,891 Commonwealth Bank of Australia 4,010 268,649 Computershare, Ltd. 5,369 60,409 Credit Corp. Group, Ltd. 1,551 21,017 CSR, Ltd. 16,074 50,436 Domino's Pizza Enterprises, Ltd. 964 41,097 Downer EDI, Ltd. 11,182 56,917 DuluxGroup, Ltd. 4,500 23,728 #* Elders, Ltd. 931 3,871 * Energy World Corp., Ltd. 12,801 4,199 Event Hospitality and Entertainment, Ltd. 1,588 16,703 Evolution Mining, Ltd. 13,763 24,592 Fairfax Media, Ltd. 60,766 48,124 # Flight Centre Travel Group, Ltd. 646 22,470 Fortescue Metals Group, Ltd. 22,261 102,316 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- AUSTRALIA -- (Continued) G8 Education, Ltd. 8,060 $ 24,425 GrainCorp, Ltd. Class A 5,558 38,806 GWA Group, Ltd. 5,307 13,767 # Harvey Norman Holdings, Ltd. 9,454 33,056 HT&E, Ltd. 2,418 5,029 Incitec Pivot, Ltd. 28,258 72,148 Independence Group NL 10,308 24,902 # InvoCare, Ltd. 2,186 24,308 # IOOF Holdings, Ltd. 4,072 32,711 IRESS, Ltd. 3,408 35,186 James Hardie Industries P.L.C. Sponsored ADR 2,500 38,525 # JB Hi-Fi, Ltd. 2,318 48,222 * Kingsgate Consolidated, Ltd. 631 116 LendLease Group 1,240 16,725 * Macmahon Holdings, Ltd. 39,034 5,319 Macquarie Group, Ltd. 2,109 144,780 Magellan Financial Group, Ltd. 1,532 32,363 Melbourne IT, Ltd. 6,093 13,922 * Metals X, Ltd. 620 405 # Metcash, Ltd. 18,519 38,828 Mineral Resources, Ltd. 3,218 31,641 #* MMA Offshore, Ltd. 8,708 1,220 Monadelphous Group, Ltd. 1,985 24,216 * Mount Gibson Iron, Ltd. 8,762 3,120 # Myer Holdings, Ltd. 30,365 18,442 National Australia Bank, Ltd. 13,026 312,270 Navitas, Ltd. 5,275 20,954 New Hope Corp., Ltd. 3,628 4,647 Newcrest Mining, Ltd. 6,100 99,116 Northern Star Resources, Ltd. 9,219 32,660 Nufarm, Ltd. 5,093 34,477 Oil Search, Ltd. 6,051 32,195 Orica, Ltd. 6,623 105,290 * Origin Energy, Ltd. 7,578 41,978 Orora, Ltd. 19,908 43,958 OZ Minerals, Ltd. 8,700 58,143 #* Paladin Energy, Ltd. 8,694 327 Peet, Ltd. 7,973 7,594 Perpetual, Ltd. 794 32,068 # Platinum Asset Management, Ltd. 591 2,586 PMP, Ltd. 15,111 8,941 Programmed Maintenance Services, Ltd. 3,981 9,495 Qantas Airways, Ltd. 7,463 31,717 QBE Insurance Group, Ltd. 7,916 74,993 # Qube Holdings, Ltd. 15,876 33,750 # Quintis, Ltd. 3,576 858 * Ramelius Resources, Ltd. 25,470 8,192 Reece, Ltd. 772 26,108 Resolute Mining, Ltd. 11,362 9,813 # Retail Food Group, Ltd. 4,745 18,395 Rio Tinto, Ltd. 3,517 185,400 Sandfire Resources NL 1,850 8,579 * Santos, Ltd. 13,432 36,498 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- AUSTRALIA -- (Continued) Seek, Ltd. 3,829 $ 52,357 #* Senex Energy, Ltd. 31,081 7,096 Seven Group Holdings, Ltd. 3,972 38,013 Seven West Media, Ltd. 18,225 11,808 Sims Metal Management, Ltd. 3,302 41,016 SMS Management & Technology, Ltd. 2,472 3,557 South32, Ltd. 19,895 46,402 South32, Ltd. ADR 2,745 31,979 Southern Cross Media Group, Ltd. 18,980 20,129 Spark Infrastructure Group 17,357 34,749 * St Barbara, Ltd. 2,817 6,150 Suncorp Group, Ltd. 6,967 79,630 Sunland Group, Ltd. 7,830 11,208 # Super Retail Group, Ltd. 4,028 27,001 Sydney Airport 3,330 17,949 Tassal Group, Ltd. 7,112 21,574 Telstra Corp., Ltd. 9,755 32,002 #* Ten Network Holdings, Ltd. 6,400 819 # Tox Free Solutions, Ltd. 3,517 6,725 # TPG Telecom, Ltd. 1,587 7,121 Transurban Group 1,983 18,110 # Village Roadshow, Ltd. 1,430 4,598 * Virgin Australia Holdings, Ltd. 62,673 8,778 Vocus Group, Ltd. 7,293 20,345 Wesfarmers, Ltd. 2,713 88,401 * Westgold Resources, Ltd. 309 391 Westpac Banking Corp. 5,439 138,641 Westpac Banking Corp. Sponsored ADR 7,516 192,334 * Whitehaven Coal, Ltd. 6,175 14,674 Woodside Petroleum, Ltd. 3,713 86,775 Woolworths, Ltd. 1,748 37,308 * WorleyParsons, Ltd. 4,524 42,696 WPP AUNZ, Ltd. 10,662 9,821 ---------- TOTAL AUSTRALIA 5,871,454 ---------- AUSTRIA -- (0.6%) Agrana Beteiligungs AG 111 15,044 ANDRITZ AG 779 47,693 Atrium European Real Estate, Ltd. 2,982 13,938 # Austria Technologie & Systemtechnik AG 289 3,836 BUWOG AG 228 6,700 Erste Group Bank AG 1,638 67,854 EVN AG 660 10,105 IMMOFINANZ AG 3,670 8,926 Lenzing AG 229 40,970 Mayr Melnhof Karton AG 204 26,888 Oesterreichische Post AG 380 17,471 OMV AG 936 53,022 POLYTEC Holding AG 317 5,857 * Raiffeisen Bank International AG 2,065 60,855 S IMMO AG 1,165 17,434 # Semperit AG Holding 156 4,766 Strabag SE 412 18,288 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- AUSTRIA -- (Continued) Telekom Austria AG 2,667 $ 24,112 Verbund AG 1,435 28,386 Vienna Insurance Group AG Wiener Versicherung Gruppe 492 14,811 Voestalpine AG 1,405 71,211 Wienerberger AG 602 13,839 Zumtobel Group AG 642 12,713 ---------- TOTAL AUSTRIA 584,719 ---------- BELGIUM -- (1.2%) Ackermans & van Haaren NV 593 107,208 Ageas 3,654 164,476 Banque Nationale de Belgique 6 20,693 Bekaert SA 983 47,545 bpost SA 919 25,159 Cie d'Entreprises CFE 220 32,434 Colruyt SA 661 37,041 D'ieteren SA 477 22,596 * Econocom Group SA 3,206 24,501 Elia System Operator SA 191 11,201 Euronav NV 3,095 24,692 EVS Broadcast Equipment SA 132 5,356 # Exmar NV 649 3,810 KBC Group NV 1,618 133,767 Kinepolis Group NV 156 8,964 Melexis NV 479 41,206 #* Nyrstar NV 3,926 25,493 Ontex Group NV 1,063 36,454 Orange Belgium SA 1,400 34,531 Proximus SADP 1,452 51,059 Recticel SA 1,388 10,942 Sipef SA 114 8,389 Solvay SA 1,019 146,105 * Telenet Group Holding NV 543 37,909 * Tessenderlo Group SA 1,111 48,775 Umicore SA 915 73,458 Van de Velde NV 206 11,094 * Viohalco SA 1,602 5,241 ---------- TOTAL BELGIUM 1,200,099 ---------- CANADA -- (8.6%) Absolute Software Corp. 500 3,188 * Advantage Oil & Gas, Ltd. 3,200 21,996 Aecon Group, Inc. 1,800 21,743 # AGF Management, Ltd. Class B 1,754 10,537 Agnico Eagle Mines, Ltd.(2009823) 818 38,188 Agnico Eagle Mines, Ltd.(008474108) 943 44,048 Agrium, Inc.(2213538) 800 80,055 Agrium, Inc.(008916108) 961 96,196 # AGT Food & Ingredients, Inc. 615 12,544 Aimia, Inc. 2,960 3,443 #* Alacer Gold Corp. 4,256 7,100 Alamos Gold, Inc. Class A 5,433 38,482 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Algonquin Power & Utilities Corp. 3,600 $ 38,490 Alimentation Couche-Tard, Inc. Class B 667 31,629 * Alio Gold, Inc. 450 1,891 # ARC Resources, Ltd. 2,660 36,676 * Argonaut Gold, Inc. 172 302 #* Asanko Gold, Inc. 2,900 3,629 Atco, Ltd. Class I 600 22,335 #* Athabasca Oil Corp. 6,553 5,466 * ATS Automation Tooling Systems, Inc. 300 3,224 * AuRico Metals, Inc. 2,212 2,094 AutoCanada, Inc. 359 5,782 * B2Gold Corp. 9,700 24,352 # Badger Daylighting, Ltd. 679 14,421 Bank of Montreal(2076009) 2,144 162,612 Bank of Montreal(063671101) 3,601 273,208 Bank of Nova Scotia (The)(2076281) 4,742 295,417 # Bank of Nova Scotia (The)(064149107) 2,705 168,549 Barrick Gold Corp. 7,482 126,521 #* Baytex Energy Corp. 1,140 3,200 BCE, Inc.(05534B760) 604 28,346 BCE, Inc.(B188TH2) 166 7,771 #* Bellatrix Exploration, Ltd. 352 880 Birchcliff Energy, Ltd. 2,200 10,764 # Black Diamond Group, Ltd. 1,000 2,134 * BlackBerry, Ltd. 6,888 64,609 * BlackPearl Resources, Inc. 5,400 4,288 * Bombardier, Inc. Class B 6,000 12,079 Bonavista Energy Corp. 4,473 11,230 # Bonterra Energy Corp. 198 2,668 Boralex, Inc. Class A 874 15,612 Brookfield Asset Management, Inc. Class A(2092599) 700 27,225 Brookfield Asset Management, Inc. Class A(112585104) 1,502 58,413 CAE, Inc.(2162760) 2,040 34,574 CAE, Inc.(124765108) 2,197 37,283 #* Calfrac Well Services, Ltd. 1,440 3,904 Cameco Corp. 5,407 55,422 Canaccord Genuity Group, Inc. 1,669 8,395 Canadian Imperial Bank of Commerce(2170525) 1,427 123,866 Canadian Imperial Bank of Commerce(136069101) 140 12,158 Canadian National Railway Co.(2180632) 600 47,413 Canadian National Railway Co.(136375102) 1,058 83,603 Canadian Natural Resources, Ltd. 2,906 88,924 Canadian Pacific Railway, Ltd. 300 46,968 Canadian Tire Corp., Ltd. Class A 596 68,030 Canadian Utilities, Ltd. Class A 600 19,043 # Canadian Western Bank 1,800 40,425 * Canfor Corp. 830 13,927 Canfor Pulp Products, Inc. 1,000 9,473 Capital Power Corp. 1,079 21,299 * Capstone Mining Corp. 9,500 9,144 Cascades, Inc. 2,400 29,587 * Celestica, Inc.(2263362) 311 3,697 * Celestica, Inc.(15101Q108) 2,400 28,536 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- CANADA -- (Continued) Cenovus Energy, Inc. 5,857 $49,257 Centerra Gold, Inc. 5,319 28,370 * Cequence Energy, Ltd. 3,200 449 # Cervus Equipment Corp. 600 5,886 * CGI Group, Inc. Class A 483 25,503 * China Gold International Resources Corp., Ltd. 4,400 6,705 * Chinook Energy, Inc. 61 16 # CI Financial Corp. 2,756 60,038 # Cineplex, Inc. 800 31,551 Cogeco Communications, Inc. 495 34,582 Cogeco, Inc. 300 18,379 Colliers International Group, Inc. 805 43,357 Constellation Software, Inc. 100 53,872 # Corus Entertainment, Inc. Class B 1,500 16,651 Cott Corp.(2228952) 300 4,656 Cott Corp.(22163N106) 3,102 48,205 # Crescent Point Energy Corp.(B67C8W8) 2,478 19,475 Crescent Point Energy Corp.(22576C101) 3,609 28,331 * Crew Energy, Inc. 2,714 8,838 * Detour Gold Corp. 2,500 31,442 Dollarama, Inc. 500 48,875 # Dominion Diamond Corp. 1,691 23,809 Dorel Industries, Inc. Class B 485 12,814 * Dundee Precious Metals, Inc. 2,800 5,907 E-L Financial Corp., Ltd. 34 22,962 Eldorado Gold Corp. 11,404 24,148 Element Fleet Management Corp. 2,800 21,201 Emera, Inc. 370 13,770 Empire Co., Ltd. Class A 3,000 48,751 # Enbridge Income Fund Holdings, Inc. 1,679 43,148 Enbridge, Inc.(29250N105) 604 25,042 Enbridge, Inc.(2466149) 1,248 51,732 Encana Corp. 2,703 27,192 * Endeavour Mining Corp. 645 12,282 Enercare, Inc. 939 15,771 Enerflex, Ltd. 1,364 18,861 #* Energy Fuels, Inc. 100 177 Enerplus Corp. 3,726 33,609 Enghouse Systems, Ltd. 272 11,657 Ensign Energy Services, Inc. 3,401 18,195 # Equitable Group, Inc. 300 13,181 #* Essential Energy Services Trust 4,177 2,010 Evertz Technologies, Ltd. 722 10,279 # Exchange Income Corp. 900 20,819 Fairfax Financial Holdings, Ltd. 100 47,685 Finning International, Inc. 1,611 32,420 First Capital Realty, Inc. 1,500 24,544 #* First Majestic Silver Corp. 521 4,288 First Quantum Minerals, Ltd. 3,789 41,876 FirstService Corp. 805 51,880 Fortis, Inc. 900 32,817 Franco-Nevada Corp. 200 14,490 # Freehold Royalties, Ltd. 2,008 22,903 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) # Genworth MI Canada, Inc. 1,089 $ 31,768 George Weston, Ltd. 339 29,608 Gildan Activewear, Inc. 1,618 48,757 Gluskin Sheff + Associates, Inc. 1,000 13,611 Goldcorp, Inc.(380956409) 5,279 69,313 Goldcorp, Inc.(2676302) 1,400 18,382 #* Golden Star Resources, Ltd. 8,100 5,522 * Gran Tierra Energy, Inc. 5,979 14,051 Granite Oil Corp. 1,838 6,826 Great-West Lifeco, Inc. 1,400 39,953 * Heroux-Devtek, Inc. 1,000 10,644 # Home Capital Group, Inc. 800 8,855 HudBay Minerals, Inc. 4,699 36,484 # Hudson's Bay Co. 1,300 11,126 * Husky Energy, Inc. 2,554 29,556 * IAMGOLD Corp.(450913108) 326 1,760 * IAMGOLD Corp.(2446646) 8,705 46,990 IGM Financial, Inc. 400 13,462 Imperial Oil, Ltd. 698 19,991 Industrial Alliance Insurance & Financial Services, Inc. 1,373 63,697 Innergex Renewable Energy, Inc. 1,785 20,946 Intact Financial Corp. 289 22,450 Inter Pipeline, Ltd. 800 15,798 * Interfor Corp. 1,300 20,239 Intertape Polymer Group, Inc. 1,300 25,056 * Ivanhoe Mines, Ltd. Class A 3,958 15,619 Just Energy Group, Inc. 2,100 11,269 * Kelt Exploration, Ltd. 700 3,756 Keyera Corp. 2,100 65,623 * Kingsway Financial Services, Inc. 425 2,591 * Kinross Gold Corp. 20,380 84,021 Kirkland Lake Gold, Ltd. 1,500 15,544 # Labrador Iron Ore Royalty Corp. 1,400 19,337 Laurentian Bank of Canada 650 28,242 Leon's Furniture, Ltd. 400 5,788 Linamar Corp. 1,008 55,245 Loblaw Cos., Ltd. 900 49,015 Lundin Mining Corp. 10,205 73,422 # MacDonald Dettwiler & Associates, Ltd. 1,066 60,459 Magna International, Inc.(2554475) 1,978 94,335 Magna International, Inc.(559222401) 1,700 81,073 * Major Drilling Group International, Inc. 2,473 16,345 # Mandalay Resources Corp. 3,315 1,037 * Manitok Energy, Inc. 11 1 Manulife Financial Corp.(56501R106) 7,648 157,702 Manulife Financial Corp.(2492519) 700 14,418 Maple Leaf Foods, Inc. 500 13,820 Martinrea International, Inc. 3,400 27,462 * Maxim Power Corp. 1,600 3,465 #* MEG Energy Corp. 1,128 4,632 Methanex Corp. 555 24,608 Metro, Inc. 949 32,145 #* Mitel Networks Corp. 2,000 17,036 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Morneau Shepell, Inc. 911 $ 15,104 Mullen Group, Ltd. 2,700 34,563 National Bank of Canada 4,400 198,163 Nevsun Resources, Ltd. 8,700 23,516 New Flyer Industries, Inc. 785 32,004 * New Gold, Inc.(644535106) 1,500 5,025 * New Gold, Inc.(2826947) 5,860 19,600 #* Newalta Corp. 1,319 1,344 North West Co., Inc. (The) 600 14,697 # Northland Power, Inc. 1,500 27,937 * NuVista Energy, Ltd. 2,462 12,619 * Obsidian Energy, Ltd.(674482104) 2,097 2,474 * Obsidian Energy, Ltd.(BDHLTZ4) 4,010 4,728 OceanaGold Corp. 6,600 18,052 Open Text Corp. 1,618 54,117 Pan American Silver Corp. 2,197 37,019 #* Paramount Resources, Ltd. Class A 600 9,615 * Parex Resources, Inc. 1,100 13,534 Parkland Fuel Corp. 800 17,165 Pason Systems, Inc. 400 5,839 Pembina Pipeline Corp. 1,489 50,775 #* Pengrowth Energy Corp. 10,136 7,642 # Peyto Exploration & Development Corp. 1,508 26,802 * PHX Energy Services Corp. 742 1,226 # Pizza Pizza Royalty Corp. 400 5,380 Potash Corp. of Saskatchewan, Inc. 2,226 39,815 # PrairieSky Royalty, Ltd. 186 4,619 * Precision Drilling Corp.(74022D308) 3,099 9,049 * Precision Drilling Corp.(B5YPLH9) 4,800 13,937 Premium Brands Holdings Corp. 381 27,513 #* Primero Mining Corp. 2,884 1,041 Quarterhill, Inc. 2,661 3,821 Quebecor, Inc. Class B 900 31,192 Richelieu Hardware, Ltd. 900 23,483 * Richmont Mines, Inc. 2,219 18,492 Ritchie Bros Auctioneers, Inc. 869 24,532 * RMP Energy, Inc. 3,700 1,781 Rogers Communications, Inc. Class B 600 31,200 # Rogers Sugar, Inc. 2,550 13,111 Royal Bank of Canada(2754383) 3,651 272,372 Royal Bank of Canada(780087102) 1,101 82,091 Russel Metals, Inc. 1,100 22,004 * Sandstorm Gold, Ltd. 1,100 4,535 Sandvine Corp. 5,500 19,322 Saputo, Inc. 1,600 54,234 Secure Energy Services, Inc. 840 6,347 * SEMAFO, Inc. 8,300 20,039 * Seven Generations Energy, Ltd. Class A 22 382 Shaw Communications, Inc. Class B 3,396 75,629 ShawCor, Ltd. 752 16,853 * Sherritt International Corp. 7,600 5,242 * Silver Standard Resources, Inc. 400 3,889 SNC-Lavalin Group, Inc. 664 29,244 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Sprott, Inc. 3,550 $ 6,521 Stantec, Inc. 1,000 25,442 Stella-Jones, Inc. 716 25,056 # Student Transportation, Inc. 127 748 Suncor Energy, Inc.(B3NB1P2) 501 16,340 # Suncor Energy, Inc.(867224107) 4,814 157,033 * SunOpta, Inc. 1,500 14,250 Superior Plus Corp. 2,984 26,160 # Surge Energy, Inc. 5,100 8,877 # Tahoe Resources, Inc. 4,920 26,915 * Taseko Mines, Ltd. 4,300 6,415 Teck Resources, Ltd. Class B(2879327) 2,037 44,212 Teck Resources, Ltd. Class B(878742204) 1,990 43,163 TELUS Corp. 712 25,716 TFI International, Inc. 2,900 68,176 Thomson Reuters Corp. 1,328 60,821 TMX Group, Ltd. 201 10,657 TORC Oil & Gas, Ltd. 2,700 12,149 Toromont Industries, Ltd. 600 22,277 Toronto-Dominion Bank (The)(2897222) 4,274 220,325 # Toronto-Dominion Bank (The)(891160509) 4,382 225,848 Torstar Corp. Class B 1,100 1,288 Total Energy Services, Inc. 194 1,883 * Tourmaline Oil Corp. 1,981 43,937 TransAlta Corp.(2901628) 901 5,875 TransAlta Corp.(89346D107) 777 5,089 TransCanada Corp. 2,448 125,075 Transcontinental, Inc. Class A 1,600 32,622 * Trican Well Service, Ltd. 6,127 17,936 * Trinidad Drilling, Ltd. 5,273 7,571 * Trisura Group, Ltd.(89679A100) 9 184 * Trisura Group, Ltd.(BDTMYK5) 4 85 * Turquoise Hill Resources, Ltd. 2,008 6,603 Veresen, Inc. 3,473 50,727 Waste Connections, Inc.(94106B101) 287 18,618 Waste Connections, Inc.(BYQFRK5) 841 54,690 West Fraser Timber Co., Ltd. 2,000 106,276 * Western Energy Services Corp. 2,146 2,479 Western Forest Products, Inc. 13,700 27,252 Westshore Terminals Investment Corp. 318 6,020 Whitecap Resources, Inc. 4,196 30,997 Winpak, Ltd. 341 14,641 WSP Global, Inc. 833 33,814 Yamana Gold, Inc. 13,032 33,973 ---------- TOTAL CANADA 8,715,966 ---------- DENMARK -- (1.1%) Alm Brand A.S. 3,000 30,074 AP Moller - Maersk A.S. Class A 8 16,708 AP Moller - Maersk A.S. Class B 21 45,840 * Bang & Olufsen A.S. 670 11,723 #* D/S Norden A.S. 429 8,511 Danske Bank A.S. 1,428 57,831 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- DENMARK -- (Continued) DFDS A.S. 827 $ 47,168 DSV A.S. 1,560 100,722 FLSmidth & Co. A.S. 809 49,514 ISS A.S. 693 28,409 Jyske Bank A.S. 868 54,403 * NKT A.S. 417 36,631 # Novozymes A.S. Class B 1,400 64,646 Pandora A.S. 515 59,271 Per Aarsleff Holding A.S. 650 16,213 Ringkjoebing Landbobank A.S. 280 14,741 Rockwool International A.S. Class B 132 30,040 Schouw & Co. AB 232 25,476 SimCorp A.S. 600 37,517 Solar A.S. Class B 125 7,444 Spar Nord Bank A.S. 2,142 28,788 Sydbank A.S. 1,256 52,320 TDC A.S. 13,635 84,135 * Topdanmark A.S. 1,775 60,650 Tryg A.S. 1,150 25,912 United International Enterprises 32 6,744 Vestas Wind Systems A.S. 1,543 150,800 * Vestjysk Bank A.S. 250 489 ---------- TOTAL DENMARK 1,152,720 ---------- FINLAND -- (1.9%) Ahlstrom-Munksjo Oyj 678 13,992 Alma Media Oyj 1,213 9,303 Amer Sports Oyj 2,402 64,520 Atria Oyj 595 7,958 Cargotec Oyj Class B 1,344 82,055 * Caverion Corp. 1,551 12,976 Citycon Oyj 3,421 9,310 Cramo Oyj 564 16,180 Elisa Oyj 1,318 54,258 F-Secure Oyj 1,026 4,661 Finnair Oyj 1,332 14,411 Fiskars Oyj Abp 251 6,305 Fortum Oyj 3,104 50,757 Huhtamaki Oyj 2,364 91,607 Kemira Oyj 1,740 21,932 Kesko Oyj Class A 401 20,342 Kesko Oyj Class B 1,418 71,700 Kone Oyj Class B 1,134 59,067 Konecranes Oyj 1,141 50,907 Lassila & Tikanoja Oyj 606 13,811 # Metsa Board Oyj 2,428 17,175 Metso Oyj 1,606 51,093 Neste Oyj 1,474 63,904 Nokia Oyj(5902941) 7,800 49,773 Nokia Oyj(5946455) 5,767 36,866 Nokian Renkaat Oyj 1,965 80,121 Outokumpu Oyj 5,944 49,948 * Outotec Oyj 3,383 22,066 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FINLAND -- (Continued) * Poyry Oyj 726 $ 4,155 Raisio Oyj Class V 5,314 22,256 Ramirent Oyj 1,350 13,457 Sampo Oyj Class A 1,527 83,514 Sanoma Oyj 2,100 19,506 * Stockmann Oyj Abp Class A 1,273 11,027 * Stockmann Oyj Abp Class B 646 5,593 Stora Enso Oyj Class R 4,818 64,416 Stora Enso Oyj Sponsored ADR 9,200 123,004 Technopolis Oyj 3,587 15,540 Tieto Oyj 1,067 33,850 Tikkurila Oyj 201 4,287 UPM-Kymmene Oyj 2,608 70,998 UPM-Kymmene Oyj Sponsored ADR 7,100 193,297 Uponor Oyj 782 12,627 Vaisala Oyj Class A 214 10,292 Valmet Oyj 1,806 32,921 Wartsila Oyj Abp 1,403 93,241 ---------- TOTAL FINLAND 1,860,979 ---------- FRANCE -- (7.5%) Accor SA 488 22,669 * Air France-KLM 2,302 31,169 Airbus SE 1,424 118,985 Albioma SA 1,147 26,952 Alstom SA 1,261 45,177 Altamir 936 18,626 Alten SA 360 31,080 Altran Technologies SA 1,959 34,446 Amundi SA 198 15,314 * Antalis International SAS 87 198 Arkema SA 1,212 137,968 Assystem 430 16,494 Atos SE 494 75,106 AXA SA 6,608 195,157 Beneteau SA 816 14,009 BNP Paribas SA 4,028 312,152 Bollore SA 5,989 27,789 Bonduelle SCA 316 12,142 Bouygues SA 2,961 126,950 Bureau Veritas SA 1,505 34,291 Capgemini SE 872 94,934 Carrefour SA 6,143 147,556 Casino Guichard Perrachon SA 937 57,149 * CGG SA Sponsored ADR 94 445 Chargeurs SA 1,223 35,467 Christian Dior SE 181 51,540 Cie de Saint-Gobain 2,316 128,507 Cie Generale des Etablissements Michelin 1,763 238,774 Cie Plastic Omnium SA 1,743 67,075 CNP Assurances 1,406 33,943 * Coface SA 452 4,274 Credit Agricole SA 5,459 95,818 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- FRANCE -- (Continued) Danone SA 1,183 $ 88,276 Dassault Systemes SE 560 54,935 Derichebourg SA 2,685 23,523 # Edenred 2,281 59,963 Eiffage SA 799 77,396 Electricite de France SA 4,214 42,775 Elior Group 1,247 33,099 # Elis SA 182 4,401 Engie SA 11,708 188,571 * Eramet 350 22,094 * Esso SA Francaise 16 1,076 Euler Hermes Group 224 26,779 Euronext NV 451 26,356 Eutelsat Communications SA 2,599 70,340 Faurecia 1,957 108,668 * Fnac Darty SA 77 7,297 * Fnac Darty SA 578 54,659 Gaztransport Et Technigaz SA 566 26,977 Groupe Crit 186 17,822 Groupe Eurotunnel SE 2,874 31,869 Hermes International 47 23,806 Iliad SA 101 25,055 Imerys SA 284 24,618 Ingenico Group SA 648 67,972 IPSOS 595 20,548 # JCDecaux SA 1,302 46,367 Kering 81 28,311 L'Oreal SA 434 89,916 Lagardere SCA 2,488 81,745 Lectra 328 9,433 Legrand SA 923 63,759 LISI 390 18,802 LVMH Moet Hennessy Louis Vuitton SE 788 197,937 Metropole Television SA 1,252 30,292 MGI Coutier 303 12,187 Natixis SA 7,935 57,660 * Naturex 70 7,105 # Neopost SA 479 21,964 Nexans SA 940 53,847 Nexity SA 333 17,861 Orange SA 15,194 255,668 # Orange SA Sponsored ADR 2,675 45,074 Peugeot SA 9,468 203,664 #* Pierre & Vacances SA 114 6,372 Publicis Groupe SA 175 13,233 Publicis Groupe SA ADR 2,600 49,244 Rallye SA 796 16,917 Renault SA 1,352 121,804 Rexel SA 4,621 73,176 Rubis SCA 1,290 82,111 Safran SA 573 54,212 Savencia SA 112 11,139 Schneider Electric SE(4834108) 1,564 122,748 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Schneider Electric SE(B11BPS1) 213 $ 16,726 SCOR SE 2,614 110,248 SEB SA 536 95,357 #* Sequana SA 436 484 SES SA 4,380 103,036 Societe BIC SA 279 32,726 Societe Generale SA 3,124 183,175 Sodexo SA 519 61,309 * SOITEC 612 38,867 * Solocal Group 11,861 11,939 Somfy SA 245 23,217 Sopra Steria Group 279 48,206 SPIE SA 582 16,358 #* Ste Industrielle d'Aviation Latecoere SA 2,936 15,112 Stef SA 282 31,344 STMicroelectronics NV 6,800 114,580 Suez 3,391 61,313 Tarkett SA 335 13,870 Technicolor SA 2,918 10,608 Teleperformance 1,148 159,954 Thales SA 513 56,793 Total SA 9,638 490,128 Trigano SA 418 54,968 * Ubisoft Entertainment SA 2,639 166,984 Valeo SA 1,703 117,913 #* Vallourec SA 6,513 38,528 Veolia Environnement SA 1,171 26,390 Veolia Environnement SA ADR 635 14,268 Vicat SA 469 34,263 Vilmorin & Cie SA 213 18,782 Vinci SA 1,483 132,797 Vivendi SA 5,044 116,584 * Worldline SA 475 19,305 Zodiac Aerospace 91 2,602 ---------- TOTAL FRANCE 7,612,313 ---------- GERMANY -- (6.5%) Aareal Bank AG 1,390 57,975 Adidas AG 211 48,191 Allianz SE 1,338 285,205 Aurubis AG 668 59,467 Axel Springer SE 959 60,895 BASF SE 5,979 569,200 Bauer AG 343 9,512 Bayerische Motoren Werke AG 2,651 243,572 BayWa AG 360 13,322 Bechtle AG 278 20,011 Beiersdorf AG 97 10,645 # Bertrandt AG 214 20,380 Bijou Brigitte AG 112 7,755 # Bilfinger SE 285 11,645 Borussia Dortmund GmbH & Co. KGaA 897 6,344 Brenntag AG 881 49,924 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- GERMANY -- (Continued) # CANCOM SE 562 $ 36,960 Cewe Stiftung & Co. KGAA 287 25,396 * Commerzbank AG 9,757 127,619 Continental AG 413 93,036 Covestro AG 79 6,126 CropEnergies AG 935 10,055 CTS Eventim AG & Co. KGaA 714 33,094 Daimler AG 6,300 441,408 Deutsche Bank AG(5750355) 349 6,215 # Deutsche Bank AG(D18190898) 12,414 221,466 Deutsche Beteiligungs AG 294 13,851 Deutsche Boerse AG 795 83,012 # Deutsche EuroShop AG 254 10,578 Deutsche Lufthansa AG 5,573 119,680 Deutsche Post AG 2,363 91,667 Deutsche Telekom AG 26,384 482,002 Deutsche Wohnen AG 2,299 91,106 Deutz AG 2,362 17,535 * Dialog Semiconductor P.L.C. 694 30,243 DIC Asset AG 1,009 10,881 DMG Mori AG 954 56,340 Duerr AG 417 50,806 E.ON SE 4,329 42,826 E.ON SE Sponsored ADR 7,421 73,616 # ElringKlinger AG 1,148 20,026 # Fielmann AG 278 22,327 Fraport AG Frankfurt Airport Services Worldwide 402 40,256 Freenet AG 2,096 70,750 Fuchs Petrolub SE 430 22,619 # GEA Group AG 1,442 58,605 # Gerry Weber International AG 313 3,994 Gesco AG 420 13,314 Grammer AG 503 28,579 GRENKE AG 198 17,104 * H&R GmbH & Co. KGaA 69 944 Hamburger Hafen und Logistik AG 706 19,745 Hannover Rueck SE 205 25,875 * Hapag-Lloyd AG 515 20,363 HeidelbergCement AG 692 68,523 #* Heidelberger Druckmaschinen AG 4,410 15,016 Hella KGaA Hueck & Co. 692 36,591 Hochtief AG 181 32,307 # Hugo Boss AG 715 53,931 Indus Holding AG 565 42,288 Infineon Technologies AG 4,590 99,678 Jenoptik AG 847 23,337 # K+S AG 3,830 99,592 KION Group AG 764 66,295 Kloeckner & Co. SE 1,469 16,242 Koenig & Bauer AG 322 25,225 * Kontron AG 1,112 4,579 Krones AG 229 28,492 KWS Saat SE 25 10,156 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- GERMANY -- (Continued) Lanxess AG 1,758 $ 135,566 LEG Immobilien AG 638 61,347 Leoni AG 751 44,421 Metro AG 2,894 32,521 * Metro Wholesale & Food Specialist AG 2,894 58,463 MLP AG 505 3,699 MTU Aero Engines AG 614 89,984 Muenchener Rueckversicherungs-Gesellschaft AG 421 90,431 Nemetschek SE 152 11,795 #* Nordex SE 1,346 18,379 Norma Group SE 405 24,561 OSRAM Licht AG 1,507 125,551 * Patrizia Immobilien AG 1,555 28,097 Pfeiffer Vacuum Technology AG 158 26,794 # ProSiebenSat.1 Media SE 528 21,096 Puma SE 69 27,662 Rational AG 20 12,559 Rheinmetall AG 925 92,306 # RIB Software SE 833 14,881 * RWE AG 8,756 184,494 SAF-Holland SA 1,209 21,362 Salzgitter AG 796 35,712 SAP SE 882 93,391 * Schaltbau Holding AG 174 7,626 SHW AG 202 8,507 # Sixt SE 563 39,797 Software AG 770 33,667 Stroeer SE & Co. KGaA 445 28,689 Suedzucker AG 1,926 41,107 # Symrise AG 699 48,941 TAG Immobilien AG 2,214 36,329 Takkt AG 583 14,315 Telefonica Deutschland Holding AG 5,114 26,418 ThyssenKrupp AG 1,298 38,552 * Tom Tailor Holding SE 1,248 10,467 Uniper SE 2,025 41,733 United Internet AG 699 42,555 Volkswagen AG 339 53,306 Vonovia SE 877 35,540 * Vossloh AG 388 25,806 VTG AG 331 16,594 Wacker Chemie AG 409 50,759 Wacker Neuson SE 532 14,282 XING AG 17 4,996 ---------- TOTAL GERMANY 6,511,372 ---------- HONG KONG -- (2.7%) APT Satellite Holdings, Ltd. 19,500 9,619 ASM Pacific Technology, Ltd. 2,800 36,186 Associated International Hotels, Ltd. 6,000 18,434 Bank of East Asia, Ltd. (The) 10,148 43,410 BOC Hong Kong Holdings, Ltd. 22,500 110,621 * Brightoil Petroleum Holdings, Ltd. 42,000 10,914 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) Cafe de Coral Holdings, Ltd. 10,000 $ 32,187 Cathay Pacific Airways, Ltd. 17,000 26,635 Cheung Kong Property Holdings, Ltd. 5,000 40,434 * China Energy Development Holdings, Ltd. 176,000 2,072 Chow Sang Sang Holdings International, Ltd. 5,000 11,676 Chow Tai Fook Jewellery Group, Ltd. 3,200 3,325 Chuang's Consortium International, Ltd. 93,642 21,801 CITIC Telecom International Holdings, Ltd. 8,000 2,436 CK Hutchison Holdings, Ltd. 10,000 131,591 CK Infrastructure Holdings, Ltd. 3,000 27,962 CLP Holdings, Ltd. 5,000 53,276 Dah Sing Banking Group, Ltd. 8,960 19,189 Dah Sing Financial Holdings, Ltd. 4,576 32,379 * Esprit Holdings, Ltd. 35,700 17,590 Far East Consortium International, Ltd. 37,000 20,399 # FIH Mobile, Ltd. 55,000 18,377 First Pacific Co., Ltd. 55,600 41,611 Future Bright Holdings, Ltd. 30,000 2,687 * G-Resources Group, Ltd. 1,184,400 15,463 Giordano International, Ltd. 20,000 11,129 * Global Brands Group Holding, Ltd. 30,000 2,839 Great Eagle Holdings, Ltd. 3,000 16,452 # Guotai Junan International Holdings, Ltd. 84,000 25,860 Hang Lung Group, Ltd. 12,000 45,582 Hang Lung Properties, Ltd. 16,000 39,793 Hang Seng Bank, Ltd. 3,100 67,396 Henderson Land Development Co., Ltd. 7,200 41,614 HKT Trust & HKT, Ltd. 34,000 44,539 Hong Kong & China Gas Co., Ltd. 19,647 37,134 Hong Kong Aircraft Engineering Co., Ltd. 1,200 8,369 Hong Kong Exchanges & Clearing, Ltd. 2,560 72,930 # Hongkong & Shanghai Hotels, Ltd. (The) 11,096 19,724 Hopewell Holdings, Ltd. 14,000 53,547 Hutchison Telecommunications Hong Kong Holdings, Ltd. 15,000 5,756 Hysan Development Co., Ltd. 8,000 38,686 Johnson Electric Holdings, Ltd. 9,375 33,313 Kerry Logistics Network, Ltd. 6,500 9,347 Kerry Properties, Ltd. 13,000 45,555 # Kingston Financial Group, Ltd. 62,000 21,574 Kowloon Development Co., Ltd. 10,000 11,016 L'Occitane International SA 9,250 21,383 Lai Sun Development Co., Ltd. 143,000 5,302 # Li & Fung, Ltd. 106,000 38,775 Lifestyle International Holdings, Ltd. 4,500 6,124 Liu Chong Hing Investment, Ltd. 12,000 19,839 Luk Fook Holdings International, Ltd. 8,000 29,372 Man Wah Holdings, Ltd. 64,000 55,245 * Midland Holdings, Ltd. 46,000 12,234 * Midland IC&I, Ltd. 23,000 1,162 MTR Corp., Ltd. 7,053 40,728 New World Development Co., Ltd. 47,317 63,899 * Newocean Energy Holdings, Ltd. 42,000 12,414 NWS Holdings, Ltd. 38,806 74,239 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- HONG KONG -- (Continued) * Orient Overseas International, Ltd. 6,000 $ 55,838 * Pacific Basin Shipping, Ltd. 42,000 9,177 Pacific Textiles Holdings, Ltd. 15,000 16,964 PCCW, Ltd. 45,000 25,307 Pico Far East Holdings, Ltd. 14,000 5,771 Power Assets Holdings, Ltd. 2,500 24,762 Prada SpA 2,700 9,638 Regal Hotels International Holdings, Ltd. 8,600 6,736 SA SA International Holdings, Ltd. 28,000 10,285 Samsonite International SA 17,400 72,867 Shangri-La Asia, Ltd. 17,500 28,420 * Shun Tak Holdings, Ltd. 27,500 11,860 * Singamas Container Holdings, Ltd. 42,000 6,017 Sino Land Co., Ltd. 28,800 47,499 SITC International Holdings Co., Ltd. 14,000 11,648 SmarTone Telecommunications Holdings, Ltd. 16,500 21,669 * SOCAM Development, Ltd. 4,000 1,213 Stella International Holdings, Ltd. 10,000 17,140 Sun Hung Kai & Co., Ltd. 11,619 7,673 Sun Hung Kai Properties, Ltd. 4,134 63,962 Swire Pacific, Ltd. Class A 1,500 14,946 Swire Pacific, Ltd. Class B 5,000 8,855 Techtronic Industries Co., Ltd. 21,500 95,531 Television Broadcasts, Ltd. 5,100 18,669 # Texwinca Holdings, Ltd. 14,000 8,493 Transport International Holdings, Ltd. 4,000 13,490 * Trinity, Ltd. 64,000 3,687 Varitronix International, Ltd. 17,000 9,077 Victory City International Holdings, Ltd. 14,000 475 Vitasoy International Holdings, Ltd. 18,000 38,465 VTech Holdings, Ltd. 2,200 31,821 WH Group, Ltd. 45,500 42,663 Wharf Holdings, Ltd. (The) 6,625 56,310 Wheelock & Co., Ltd. 8,000 60,284 Xinyi Glass Holdings, Ltd. 32,000 33,065 Yue Yuen Industrial Holdings, Ltd. 15,000 61,930 ---------- TOTAL HONG KONG 2,735,352 ---------- IRELAND -- (0.5%) * Bank of Ireland Group P.L.C. 8,712 72,710 CRH P.L.C. 1,886 66,200 CRH P.L.C. Sponsored ADR 1,293 45,345 * FBD Holdings P.L.C. 158 1,581 Glanbia P.L.C. 1,329 27,512 Irish Continental Group P.L.C. 3,964 25,183 Kerry Group P.L.C. Class A 667 60,016 Kingspan Group P.L.C.(0492793) 1,183 39,506 Kingspan Group P.L.C.(4491235) 1,606 53,494 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- IRELAND -- (Continued) Smurfit Kappa Group P.L.C. 3,976 $118,250 -------- TOTAL IRELAND 509,797 -------- ISRAEL -- (0.5%) * Africa Israel Investments, Ltd. 1,975 151 * Airport City, Ltd. 1,409 18,615 * AudioCodes, Ltd. 614 4,184 Bank Hapoalim BM 5,787 40,085 Bank Leumi Le-Israel BM 16,662 80,047 Bezeq The Israeli Telecommunication Corp., Ltd. 10,611 15,754 * Clal Insurance Enterprises Holdings, Ltd. 684 11,075 Delek Automotive Systems, Ltd. 855 7,069 Delta-Galil Industries, Ltd. 374 10,357 Elbit Systems, Ltd. 102 12,879 First International Bank Of Israel, Ltd. 1,226 22,377 Formula Systems 1985, Ltd. 173 6,346 Harel Insurance Investments & Financial Services, Ltd. 1,465 8,712 Israel Chemicals, Ltd. 1,084 5,166 * Israel Discount Bank, Ltd. Class A 11,877 30,618 * Jerusalem Oil Exploration 300 15,918 Melisron, Ltd. 118 6,015 Migdal Insurance & Financial Holding, Ltd. 7,718 7,917 Mizrahi Tefahot Bank, Ltd. 3,321 60,010 * Naphtha Israel Petroleum Corp., Ltd. 1,479 10,075 Oil Refineries, Ltd. 7,964 3,703 * Partner Communications Co., Ltd. 2,267 11,487 Paz Oil Co., Ltd. 120 20,034 * Phoenix Holdings, Ltd. (The) 1,952 8,304 Shikun & Binui, Ltd. 5,298 12,183 Strauss Group, Ltd. 1,319 25,259 Summit Real Estate Holdings, Ltd. 1,546 10,144 * Union Bank of Israel 247 1,270 -------- TOTAL ISRAEL 465,754 -------- ITALY -- (2.7%) A2A SpA 16,029 27,267 ACEA SpA 1,354 20,326 Anima Holding SpA 3,139 25,475 * Ansaldo STS SpA 2,050 28,133 * Arnoldo Mondadori Editore SpA 1,773 3,693 Assicurazioni Generali SpA 7,440 134,948 Astaldi SpA 1,321 8,775 Atlantia SpA 2,073 63,059 Autogrill SpA 2,299 27,296 # Azimut Holding SpA 1,510 33,832 #* Banca Carige SpA 6,536 1,962 Banca Generali SpA 1,007 35,722 Banca IFIS SpA 180 8,447 Banca Mediolanum SpA 3,607 31,539 #* Banca Monte dei Paschi di Siena SpA 51 677 Banca Popolare di Sondrio SCPA 9,550 41,673 * Banco BPM SpA 2,396 8,727 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- ITALY -- (Continued) BPER Banca 10,482 $ 57,583 Brembo SpA 2,670 41,058 Buzzi Unicem SpA 2,089 52,907 Cairo Communication SpA 42 194 Cementir Holding SpA 2,563 18,257 CNH Industrial NV 6,535 75,698 #* Credito Valtellinese SpA 2,646 12,824 Danieli & C Officine Meccaniche SpA 433 11,154 De' Longhi SpA 720 23,679 Enel SpA 13,639 77,803 Eni SpA 5,888 93,226 # Eni SpA Sponsored ADR 2,146 67,771 ERG SpA 1,082 15,461 Ferrari NV(BD6G507) 342 35,989 # Ferrari NV(N3167Y103) 160 16,830 * Fiat Chrysler Automobiles NV(N31738102) 13,679 165,379 * Fiat Chrysler Automobiles NV(BRJFWP3) 3,434 41,408 FinecoBank Banca Fineco SpA 2,236 19,597 * GEDI Gruppo Editoriale SpA 4,144 3,847 # Geox SpA 852 3,381 Hera SpA 12,421 40,164 * IMMSI SpA 4,196 2,275 Industria Macchine Automatiche SpA 246 24,384 Interpump Group SpA 1,758 53,489 Intesa Sanpaolo SpA 33,069 113,838 Iren SpA 8,189 20,839 Italgas SpA 1,721 9,476 Italmobiliare SpA 492 13,977 Leonardo SpA 6,992 121,845 Luxottica Group SpA 27 1,559 MARR SpA 686 17,589 #* Mediaset SpA 14,069 54,997 Mediobanca SpA 6,386 66,629 Moncler SpA 924 24,813 Parmalat SpA 3,464 12,553 Piaggio & C SpA 2,131 5,916 Prysmian SpA 2,221 71,041 Reply SpA 87 18,394 * Saipem SpA 8,166 33,506 # Salvatore Ferragamo SpA 861 24,957 Saras SpA 13,711 31,548 Snam SpA 8,606 40,717 Societa Cattolica di Assicurazioni SCRL 4,310 37,270 Societa Iniziative Autostradali e Servizi SpA 1,213 16,691 * Telecom Italia SpA 88,857 91,417 * Telecom Italia SpA Sponsored ADR 8,020 83,408 Terna Rete Elettrica Nazionale SpA 8,437 48,199 # Tod's SpA 194 13,478 * UniCredit SpA 6,516 128,069 Unione di Banche Italiane SpA 18,429 89,032 Unipol Gruppo Finanziario SpA 6,471 30,295 UnipolSai Assicurazioni SpA 26,802 61,960 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- ITALY -- (Continued) Vittoria Assicurazioni SpA 877 $ 12,291 ---------- TOTAL ITALY 2,752,213 ---------- JAPAN -- (22.3%) 77 Bank, Ltd. (The) 7,000 36,089 ABC-Mart, Inc. 100 5,702 Adastria Co., Ltd. 600 14,989 ADEKA Corp. 2,100 32,238 Advantest Corp. 1,600 29,281 Aeon Co., Ltd. 5,810 87,538 Aeon Delight Co., Ltd. 600 20,044 AEON Financial Service Co., Ltd. 900 19,589 Ahresty Corp. 800 8,145 Aica Kogyo Co., Ltd. 1,000 32,090 Aichi Bank, Ltd. (The) 200 11,126 Aichi Steel Corp. 400 16,741 Aisan Industry Co., Ltd. 1,300 11,611 Aisin Seiki Co., Ltd. 2,000 103,978 * Akebono Brake Industry Co., Ltd. 6,000 19,846 Akita Bank, Ltd. (The) 5,000 14,448 # Alpen Co., Ltd. 700 12,794 Alpine Electronics, Inc. 1,300 23,702 Alps Electric Co., Ltd. 1,300 35,351 Amano Corp. 1,700 38,689 ANA Holdings, Inc. 3,000 10,299 Anritsu Corp. 1,200 9,668 AOKI Holdings, Inc. 1,200 15,533 Aomori Bank, Ltd. (The) 2,000 6,997 Aoyama Trading Co., Ltd. 1,200 41,829 Aozora Bank, Ltd. 6,000 23,058 Arakawa Chemical Industries, Ltd. 900 15,812 Arcland Sakamoto Co., Ltd. 400 5,476 Arcs Co., Ltd. 800 17,301 Asahi Diamond Industrial Co., Ltd. 1,000 7,563 Asahi Glass Co., Ltd. 1,800 75,761 Asahi Holdings, Inc. 300 5,638 Asahi Kasei Corp. 10,000 114,199 Asatsu-DK, Inc. 900 23,070 Asics Corp. 1,000 18,178 Avex Group Holdings, Inc. 1,200 15,780 Awa Bank, Ltd. (The) 5,000 32,839 Axial Retailing, Inc. 100 3,921 Bank of Iwate, Ltd. (The) 400 15,570 Bank of Kyoto, Ltd. (The) 5,000 47,926 # Bank of Nagoya, Ltd. (The) 400 14,714 Bank of Okinawa, Ltd. (The) 720 28,427 Bank of Saga, Ltd. (The) 1,000 2,365 Bank of the Ryukyus, Ltd. 1,400 19,983 Benesse Holdings, Inc. 700 26,790 Bic Camera, Inc. 3,100 35,980 Bridgestone Corp. 4,300 180,907 Broadleaf Co., Ltd. 1,400 9,407 Brother Industries, Ltd. 3,400 86,749 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) C Uyemura & Co., Ltd. 200 $ 11,474 Calbee, Inc. 400 16,583 Canon Electronics, Inc. 600 11,683 Canon Marketing Japan, Inc. 1,200 26,506 Canon, Inc. 994 34,582 # Canon, Inc. Sponsored ADR 4,495 157,010 Capcom Co., Ltd. 1,200 29,724 Casio Computer Co., Ltd. 2,100 34,399 Central Glass Co., Ltd. 4,000 17,550 Central Japan Railway Co. 300 48,278 Chiba Bank, Ltd. (The) 3,000 21,523 Chiba Kogyo Bank, Ltd. (The) 1,500 7,735 Chofu Seisakusho Co., Ltd. 700 17,121 Chubu Electric Power Co., Inc. 1,800 23,652 Chubu Shiryo Co., Ltd. 1,400 20,193 Chudenko Corp. 800 21,406 Chuetsu Pulp & Paper Co., Ltd. 6,000 12,511 Chugoku Bank, Ltd. (The) 3,300 47,834 Chugoku Electric Power Co., Inc. (The) 1,200 13,156 Chugoku Marine Paints, Ltd. 2,000 15,540 Chukyo Bank, Ltd. (The) 700 14,735 Citizen Watch Co., Ltd. 2,500 18,588 CKD Corp. 2,200 36,860 Coca-Cola Bottlers Japan, Inc. 1,245 37,559 # COLOPL, Inc. 2,100 23,551 # Colowide Co., Ltd. 700 12,154 COMSYS Holdings Corp. 1,600 32,778 Concordia Financial Group, Ltd. 7,046 35,531 Cosmo Energy Holdings Co., Ltd. 1,500 25,991 Credit Saison Co., Ltd. 400 7,705 Dai Nippon Printing Co., Ltd. 2,000 22,060 Daibiru Corp. 1,500 16,903 Daicel Corp. 3,100 40,294 Daido Steel Co., Ltd. 7,000 42,600 Daifuku Co., Ltd. 800 27,629 Daihen Corp. 3,000 26,745 Daiichikosho Co., Ltd. 400 19,265 Daikin Industries, Ltd. 400 42,349 Daikyo, Inc. 5,000 10,473 # Daio Paper Corp. 3,000 38,955 Daisan Bank, Ltd. (The) 700 10,885 Daiseki Co., Ltd. 200 4,750 Daishi Bank, Ltd. (The) 8,000 36,663 Daito Trust Construction Co., Ltd. 200 33,805 Daiwa House Industry Co., Ltd. 2,100 73,251 Daiwa Securities Group, Inc. 6,000 34,556 Daiwabo Holdings Co., Ltd. 8,000 31,483 DCM Holdings Co., Ltd. 1,800 15,675 Dena Co., Ltd. 1,100 24,166 Denka Co., Ltd. 11,000 61,090 Denso Corp. 1,100 52,828 Dentsu, Inc. 800 37,406 DIC Corp. 1,400 52,806 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Disco Corp. 200 $ 35,447 DMG Mori Co., Ltd. 1,100 18,247 Don Quijote Holdings Co., Ltd. 600 21,791 Doutor Nichires Holdings Co., Ltd. 400 8,840 Dowa Holdings Co., Ltd. 5,000 40,367 DTS Corp. 900 27,474 # Dunlop Sports Co., Ltd. 1,100 11,221 Duskin Co., Ltd. 1,000 27,147 Eagle Industry Co., Ltd. 1,300 22,626 East Japan Railway Co. 600 56,269 Ebara Corp. 1,000 29,254 EDION Corp. 1,800 16,584 # Ehime Bank, Ltd. (The) 1,200 15,164 Eighteenth Bank, Ltd. (The) 4,000 10,647 Eizo Corp. 500 20,047 Electric Power Development Co., Ltd. 600 15,203 Enplas Corp. 500 20,577 Exedy Corp. 1,000 31,297 Ezaki Glico Co., Ltd. 300 15,774 # FamilyMart UNY Holdings Co., Ltd. 911 51,000 FCC Co., Ltd. 1,000 21,868 * Felissimo Corp. 400 4,430 FIDEA Holdings Co., Ltd. 5,200 8,526 Foster Electric Co., Ltd. 500 9,818 FP Corp. 500 27,354 France Bed Holdings Co., Ltd. 1,200 10,928 Fudo Tetra Corp. 9,100 15,023 Fuji Electric Co., Ltd. 7,000 38,540 # Fuji Kyuko Co., Ltd. 1,000 10,526 Fuji Media Holdings, Inc. 1,600 23,117 Fuji Oil Holdings, Inc. 1,100 25,990 Fuji Seal International, Inc. 800 22,450 Fuji Soft, Inc. 600 17,219 Fujibo Holdings, Inc. 500 15,170 FUJIFILM Holdings Corp. 1,300 47,786 Fujikura, Ltd. 7,000 58,935 Fujimori Kogyo Co., Ltd. 300 8,938 Fujitec Co., Ltd. 1,400 19,313 Fujitsu General, Ltd. 1,000 21,108 Fujitsu, Ltd. 16,000 119,148 Fukui Bank, Ltd. (The) 7,000 17,059 Fukuoka Financial Group, Inc. 6,000 27,662 Fukuyama Transporting Co., Ltd. 5,000 31,935 Furukawa Co., Ltd. 3,000 5,566 Furukawa Electric Co., Ltd. 1,800 81,232 Futaba Corp. 1,100 20,174 Futaba Industrial Co., Ltd. 900 9,325 Geo Holdings Corp. 900 9,840 Glory, Ltd. 1,000 33,300 # GMO internet, Inc. 1,100 14,186 Godo Steel, Ltd. 600 11,432 Goldcrest Co., Ltd. 600 13,365 GS Yuasa Corp. 9,000 42,478 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # GungHo Online Entertainment, Inc. 3,500 $ 9,457 Gunma Bank, Ltd. (The) 5,300 31,052 Gunze, Ltd. 5,000 19,294 Gurunavi, Inc. 700 11,451 H2O Retailing Corp. 2,945 48,189 Hachijuni Bank, Ltd. (The) 7,000 44,442 Hakuhodo DY Holdings, Inc. 2,200 30,876 Hankyu Hanshin Holdings, Inc. 2,400 85,660 Hanwa Co., Ltd. 4,000 28,607 Haseko Corp. 2,200 27,545 Hazama Ando Corp. 4,200 28,982 Heiwa Corp. 800 17,600 Heiwa Real Estate Co., Ltd. 1,300 20,388 Heiwado Co., Ltd. 1,200 27,269 Hikari Tsushin, Inc. 200 21,840 Hino Motors, Ltd. 1,000 11,770 Hiroshima Bank, Ltd. (The) 11,000 47,022 HIS Co., Ltd. 800 24,597 Hitachi Capital Corp. 1,300 30,926 Hitachi Chemical Co., Ltd. 1,300 36,959 Hitachi Construction Machinery Co., Ltd. 1,500 42,941 Hitachi High-Technologies Corp. 400 14,724 Hitachi Kokusai Electric, Inc. 800 20,624 Hitachi Maxell, Ltd. 600 13,276 Hitachi Metals, Ltd. 2,000 27,836 Hitachi Transport System, Ltd. 1,100 25,319 Hitachi Zosen Corp. 3,800 20,003 Hitachi, Ltd. 41,000 282,072 Hokkaido Electric Power Co., Inc. 1,600 12,050 Hokkan Holdings, Ltd. 5,000 19,220 Hokkoku Bank, Ltd. (The) 7,000 28,290 Hokuetsu Bank, Ltd. (The) 400 9,496 Hokuetsu Industries Co., Ltd. 200 1,740 Hokuetsu Kishu Paper Co., Ltd. 3,600 25,261 Hokuhoku Financial Group, Inc. 2,500 40,641 # Hokuriku Electric Power Co. 1,800 16,665 Hokuto Corp. 800 14,274 Honda Motor Co., Ltd. 7,300 204,341 # Honda Motor Co., Ltd. Sponsored ADR 3,554 99,583 Hosiden Corp. 2,600 30,072 House Foods Group, Inc. 1,500 38,722 Hyakugo Bank, Ltd. (The) 4,000 16,129 Hyakujushi Bank, Ltd. (The) 4,000 12,975 Ibiden Co., Ltd. 2,800 48,593 Ichiyoshi Securities Co., Ltd. 500 4,483 Idemitsu Kosan Co., Ltd. 1,300 31,553 # IDOM, Inc. 1,200 7,948 * IHI Corp. 20,000 65,919 Iida Group Holdings Co., Ltd. 1,624 27,748 Iino Kaiun Kaisha, Ltd. 2,500 11,495 Inaba Denki Sangyo Co., Ltd. 600 23,633 Inabata & Co., Ltd. 300 4,217 Inpex Corp. 4,100 39,899 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- JAPAN -- (Continued) Internet Initiative Japan, Inc. 700 $12,655 Iseki & Co., Ltd. 500 10,400 Isetan Mitsukoshi Holdings, Ltd. 1,600 15,592 * Ishihara Sangyo Kaisha, Ltd. 1,300 14,241 Isuzu Motors, Ltd. 4,500 61,705 Ito En, Ltd. 600 22,187 ITOCHU Corp. 4,600 72,135 Itochu Enex Co., Ltd. 1,800 16,198 Itoham Yonekyu Holdings, Inc. 5,000 46,505 IwaiCosmo Holdings, Inc. 900 10,555 Iwatani Corp. 7,000 45,379 Iyo Bank, Ltd. (The) 4,300 35,110 J Front Retailing Co., Ltd. 3,400 48,594 J-Oil Mills, Inc. 300 10,470 Japan Aviation Electronics Industry, Ltd. 1,000 15,799 #* Japan Display, Inc. 9,400 16,823 Japan Exchange Group, Inc. 3,000 53,842 Japan Pulp & Paper Co., Ltd. 5,000 19,130 Japan Steel Works, Ltd. (The) 1,600 26,424 Japan Wool Textile Co., Ltd. (The) 2,000 17,135 JFE Holdings, Inc. 2,000 38,577 Joshin Denki Co., Ltd. 1,000 14,070 JSR Corp. 2,100 37,006 JTEKT Corp. 3,200 45,548 Juki Corp. 1,700 25,716 Juroku Bank, Ltd. (The) 6,000 19,022 JVC Kenwood Corp. 1,500 4,368 JXTG Holdings, Inc. 17,200 76,454 # K's Holdings Corp. 1,400 28,106 Kaga Electronics Co., Ltd. 600 13,235 Kajima Corp. 6,000 52,318 Kakaku.com, Inc. 1,500 21,193 Kamigumi Co., Ltd. 4,000 42,868 Kanamoto Co., Ltd. 600 21,510 Kandenko Co., Ltd. 4,000 42,809 Kaneka Corp. 8,000 64,105 Kanematsu Corp. 12,000 26,224 Kansai Electric Power Co., Inc. (The) 3,300 44,309 Kansai Paint Co., Ltd. 1,000 22,874 Kao Corp. 1,000 60,885 Kato Sangyo Co., Ltd. 300 8,081 Kato Works Co., Ltd. 400 12,868 Kawasaki Heavy Industries, Ltd. 15,000 47,758 #* Kawasaki Kisen Kaisha, Ltd. 15,000 37,243 KDDI Corp. 3,700 98,039 Keihan Holdings Co., Ltd. 5,000 32,349 Keihanshin Building Co., Ltd. 600 3,797 Keihin Corp. 1,100 15,828 Keikyu Corp. 3,000 34,817 Keio Corp. 3,000 25,123 Keisei Electric Railway Co., Ltd. 500 13,683 Keiyo Bank, Ltd. (The) 6,000 25,385 Key Coffee, Inc. 300 5,939 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Keyence Corp. 100 $ 46,191 Kinden Corp. 1,500 23,348 Kintetsu Group Holdings Co., Ltd. 7,000 26,843 Kintetsu World Express, Inc. 600 10,507 Kitz Corp. 3,000 26,845 Kiyo Bank, Ltd. (The) 1,500 25,086 Koa Corp. 600 10,584 #* Kobe Steel, Ltd. 3,900 48,781 Kohnan Shoji Co., Ltd. 1,300 23,708 Koito Manufacturing Co., Ltd. 500 29,208 Kokuyo Co., Ltd. 1,600 25,478 Komatsu, Ltd. 4,200 112,634 Komeri Co., Ltd. 500 14,629 Komori Corp. 1,500 17,836 Konami Holdings Corp. 500 26,077 Konica Minolta, Inc. 7,300 60,467 Konishi Co., Ltd. 1,200 18,332 Konoike Transport Co., Ltd. 1,300 17,705 Kose Corp. 200 22,256 Kubota Corp. Sponsored ADR 500 43,770 Kurabo Industries, Ltd. 8,000 20,762 Kuraray Co., Ltd. 3,200 62,213 Kureha Corp. 500 25,144 Kurimoto, Ltd. 100 1,874 Kurita Water Industries, Ltd. 2,100 59,746 KYB Corp. 4,000 22,576 Kyocera Corp. Sponsored ADR 910 55,592 Kyoei Steel, Ltd. 1,000 15,433 Kyokuto Kaihatsu Kogyo Co., Ltd. 1,100 18,416 Kyokuto Securities Co., Ltd. 700 9,847 Kyoritsu Maintenance Co., Ltd. 480 13,705 Kyushu Electric Power Co., Inc. 1,800 21,316 Kyushu Financial Group, Inc. 6,330 39,719 Lawson, Inc. 100 6,808 Leopalace21 Corp. 4,000 28,524 Life Corp. 200 5,296 Lintec Corp. 1,100 26,704 Lion Corp. 1,000 21,405 LIXIL Group Corp. 1,700 43,750 Maeda Road Construction Co., Ltd. 2,000 41,293 Makino Milling Machine Co., Ltd. 2,000 16,891 Makita Corp. 1,000 39,116 Marubeni Corp. 2,700 17,891 Maruha Nichiro Corp. 1,200 32,748 Maruichi Steel Tube, Ltd. 600 18,518 Max Co., Ltd. 1,000 13,680 Mazda Motor Corp. 6,499 97,698 Mebuki Financial Group, Inc. 7,020 27,024 Megmilk Snow Brand Co., Ltd. 1,000 27,647 Meidensha Corp. 3,000 10,659 Meitec Corp. 400 18,747 Michinoku Bank, Ltd. (The) 2,000 3,388 Micronics Japan Co., Ltd. 800 8,472 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Mimasu Semiconductor Industry Co., Ltd. 500 $ 8,026 Minebea Mitsumi, Inc. 2,770 45,637 Ministop Co., Ltd. 800 17,601 Mirait Holdings Corp. 2,000 23,449 Misawa Homes Co., Ltd. 1,200 11,013 MISUMI Group, Inc. 3,600 89,279 Mito Securities Co., Ltd. 3,000 8,340 Mitsuba Corp. 1,900 33,129 Mitsubishi Chemical Holdings Corp. 13,100 109,677 Mitsubishi Corp. 3,600 78,164 Mitsubishi Electric Corp. 7,000 108,365 Mitsubishi Estate Co., Ltd. 2,000 36,366 Mitsubishi Gas Chemical Co., Inc. 2,400 55,372 Mitsubishi Heavy Industries, Ltd. 22,598 89,846 Mitsubishi Materials Corp. 1,500 50,391 Mitsubishi Motors Corp. 7,000 50,495 Mitsubishi Nichiyu Forklift Co., Ltd. 2,000 16,092 * Mitsubishi Paper Mills, Ltd. 1,000 7,051 Mitsubishi Pencil Co., Ltd. 1,200 32,698 Mitsubishi Shokuhin Co., Ltd. 400 11,573 Mitsubishi Steel Manufacturing Co., Ltd. 2,000 5,145 Mitsubishi UFJ Financial Group, Inc. 31,270 198,380 Mitsubishi UFJ Lease & Finance Co., Ltd. 4,400 23,439 Mitsuboshi Belting, Ltd. 2,000 22,880 Mitsui & Co., Ltd. 4,900 71,250 Mitsui Chemicals, Inc. 18,000 102,260 Mitsui Engineering & Shipbuilding Co., Ltd. 18,000 25,093 Mitsui Fudosan Co., Ltd. 2,000 45,900 Mitsui High-Tec, Inc. 800 12,485 Mitsui Mining & Smelting Co., Ltd. 14,000 61,158 Mitsui OSK Lines, Ltd. 11,000 34,235 Mitsui Sugar Co., Ltd. 600 18,217 Mitsui-Soko Holdings Co., Ltd. 2,000 5,458 Miyazaki Bank, Ltd. (The) 5,000 16,715 Mizuho Financial Group, Inc. 92,600 164,677 Mizuno Corp. 4,000 23,255 Monex Group, Inc. 6,900 19,502 Morinaga & Co., Ltd. 400 22,925 Morinaga Milk Industry Co., Ltd. 4,000 29,221 Morita Holdings Corp. 1,000 15,683 MS&AD Insurance Group Holdings, Inc. 2,064 72,394 Murata Manufacturing Co., Ltd. 500 77,785 Musashi Seimitsu Industry Co., Ltd. 900 25,059 Musashino Bank, Ltd. (The) 600 17,927 Nabtesco Corp. 1,200 38,957 Nachi-Fujikoshi Corp. 6,000 33,165 Nagase & Co., Ltd. 1,700 26,686 Nagoya Railroad Co., Ltd. 3,000 13,758 Nankai Electric Railway Co., Ltd. 7,000 34,445 Nanto Bank, Ltd. (The) 500 14,709 NEC Corp. 31,000 84,272 NEC Networks & System Integration Corp. 600 13,109 NET One Systems Co., Ltd. 1,400 13,418 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Neturen Co., Ltd. 1,500 $ 13,808 NGK Insulators, Ltd. 1,000 20,110 NGK Spark Plug Co., Ltd. 800 16,152 NHK Spring Co., Ltd. 2,000 21,601 Nichias Corp. 3,000 36,433 Nichicon Corp. 2,400 26,376 Nichiha Corp. 900 33,430 Nichirei Corp. 3,000 84,316 Nidec Corp. 300 33,057 # Nifco, Inc. 700 40,376 Nihon Dempa Kogyo Co., Ltd. 400 3,345 Nihon M&A Center, Inc. 1,600 64,243 Nihon Nohyaku Co., Ltd. 1,000 5,811 Nihon Parkerizing Co., Ltd. 2,000 28,617 Nihon Unisys, Ltd. 1,200 20,009 Nikkon Holdings Co., Ltd. 1,700 40,188 Nikon Corp. 2,200 38,764 Nippo Corp. 1,000 20,344 Nippon Chemi-Con Corp. 3,000 12,119 Nippon Concrete Industries Co., Ltd. 1,100 4,267 Nippon Denko Co., Ltd. 4,000 18,777 Nippon Densetsu Kogyo Co., Ltd. 600 11,926 Nippon Electric Glass Co., Ltd. 600 21,240 Nippon Express Co., Ltd. 9,000 57,472 Nippon Flour Mills Co., Ltd. 1,500 24,170 Nippon Gas Co., Ltd. 1,100 34,523 Nippon Koei Co., Ltd. 200 5,534 Nippon Light Metal Holdings Co., Ltd. 10,000 26,905 Nippon Paper Industries Co., Ltd. 2,300 45,855 Nippon Pillar Packing Co., Ltd. 300 5,019 Nippon Road Co., Ltd. (The) 2,000 11,171 * Nippon Sheet Glass Co., Ltd. 2,000 16,924 Nippon Shokubai Co., Ltd. 400 26,168 Nippon Steel & Sumitomo Metal Corp. 3,067 75,288 Nippon Suisan Kaisha, Ltd. 5,500 32,098 Nippon Telegraph & Telephone Corp. 400 19,575 Nippon Valqua Industries, Ltd. 800 21,139 Nippon Yakin Kogyo Co., Ltd. 2,500 5,028 * Nippon Yusen K.K. 17,000 32,453 Nishi-Nippon Financial Holdings, Inc. 3,000 33,753 Nishi-Nippon Railroad Co., Ltd. 6,000 26,444 Nishimatsu Construction Co., Ltd. 7,000 40,285 Nissan Chemical Industries, Ltd. 600 19,918 Nissan Motor Co., Ltd. 18,700 185,677 Nissan Shatai Co., Ltd. 1,500 15,530 Nissha Printing Co., Ltd. 600 16,417 Nisshin Oillio Group, Ltd. (The) 5,000 29,600 Nisshin Seifun Group, Inc. 2,255 37,030 Nisshin Steel Co., Ltd. 400 4,901 Nisshinbo Holdings, Inc. 2,000 20,253 Nissin Electric Co., Ltd. 900 10,930 Nitta Corp. 500 16,058 Nitto Denko Corp. 500 44,585 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Nitto Kogyo Corp. 1,000 $ 16,197 Nojima Corp. 100 1,619 NOK Corp. 800 18,312 Nomura Holdings, Inc. 8,200 48,718 Nomura Real Estate Holdings, Inc. 1,800 35,678 Nomura Research Institute, Ltd. 726 27,177 Noritake Co., Ltd. 500 19,167 Noritz Corp. 700 13,729 North Pacific Bank, Ltd. 8,000 26,818 NS Solutions Corp. 800 16,843 NSK, Ltd. 2,900 37,382 NTN Corp. 12,000 55,848 NTT Data Corp. 2,500 27,232 NTT DOCOMO, Inc. 5,700 132,365 Obara Group, Inc. 100 5,529 Obayashi Corp. 5,200 62,611 Obic Co., Ltd. 800 50,015 Odakyu Electric Railway Co., Ltd. 1,000 19,809 Ogaki Kyoritsu Bank, Ltd. (The) 10,000 28,891 Ohsho Food Service Corp. 400 15,561 Oiles Corp. 740 13,234 Oita Bank, Ltd. (The) 4,000 15,073 Oji Holdings Corp. 6,000 30,771 Okabe Co., Ltd. 1,100 10,768 Okamura Corp. 2,000 20,332 Okasan Securities Group, Inc. 4,000 24,225 Oki Electric Industry Co., Ltd. 1,500 20,538 Okinawa Electric Power Co., Inc. (The) 990 23,349 OKUMA Corp. 3,000 28,839 Okumura Corp. 3,000 21,831 Omron Corp. 400 19,957 Onward Holdings Co., Ltd. 2,000 14,509 Oriental Land Co., Ltd. 400 28,996 ORIX Corp. 10,800 171,379 Osaka Gas Co., Ltd. 8,000 32,041 # OSG Corp. 1,700 35,843 Pacific Industrial Co., Ltd. 600 7,800 PAL GROUP Holdings Co., Ltd. 200 6,384 PanaHome Corp. 2,000 21,720 Panasonic Corp. 9,000 123,960 Parco Co., Ltd. 300 3,698 # Park24 Co., Ltd. 600 15,185 Penta-Ocean Construction Co., Ltd. 7,000 41,699 Pigeon Corp. 900 33,360 Pilot Corp. 800 34,847 Piolax, Inc. 900 24,862 #* Pioneer Corp. 11,400 22,511 Plenus Co., Ltd. 900 21,081 Press Kogyo Co., Ltd. 4,000 18,814 Pressance Corp. 1,200 16,563 Prima Meat Packers, Ltd. 5,000 31,921 Relo Group, Inc. 2,000 40,143 Rengo Co., Ltd. 4,000 22,707 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) * Renown, Inc. 2,700 $ 5,038 Resona Holdings, Inc. 12,700 65,426 Resorttrust, Inc. 900 16,590 Ricoh Co., Ltd. 7,200 67,698 Ricoh Leasing Co., Ltd. 500 17,470 Riken Corp. 400 18,721 Rohm Co., Ltd. 400 30,915 Roland DG Corp. 400 10,024 Round One Corp. 900 9,612 Ryosan Co., Ltd. 600 23,467 Ryoyo Electro Corp. 1,200 19,335 Saibu Gas Co., Ltd. 6,000 15,068 Sakai Chemical Industry Co., Ltd. 3,000 12,158 San-A Co., Ltd. 100 4,460 San-Ai Oil Co., Ltd. 2,000 20,320 San-In Godo Bank, Ltd. (The) 3,000 24,367 * Sanden Holdings Corp. 4,000 11,409 Sanken Electric Co., Ltd. 6,000 30,417 Sankyo Co., Ltd. 700 22,976 # Sankyo Tateyama, Inc. 900 12,715 Sankyu, Inc. 4,000 30,127 Sanrio Co., Ltd. 500 10,042 Sanwa Holdings Corp. 4,000 43,314 Sanyo Chemical Industries, Ltd. 400 18,996 Sanyo Electric Railway Co., Ltd. 3,000 15,366 # Sanyo Shokai, Ltd. 500 7,530 Sanyo Special Steel Co., Ltd. 3,000 18,202 Sawada Holdings Co., Ltd. 1,400 12,712 SBI Holdings, Inc. 4,470 63,950 SCREEN Holdings Co., Ltd. 400 26,737 SCSK Corp. 1,000 42,200 Secom Co., Ltd. 200 15,006 Sega Sammy Holdings, Inc. 1,700 22,938 # Seiko Epson Corp. 1,400 36,851 Seiko Holdings Corp. 6,000 26,784 Seino Holdings Co., Ltd. 3,200 43,088 Seiren Co., Ltd. 400 6,761 Sekisui Chemical Co., Ltd. 4,000 73,681 Sekisui House, Ltd. 2,700 46,738 Senko Group Holdings Co., Ltd. 5,000 34,038 Senshu Ikeda Holdings, Inc. 3,000 12,427 # Senshukai Co., Ltd. 1,200 7,395 Seria Co., Ltd. 800 39,706 Seven & I Holdings Co., Ltd. 2,600 104,792 # Seven Bank, Ltd. 5,200 20,578 #* Sharp Corp. 3,000 10,561 Shiga Bank, Ltd. (The) 7,000 37,098 Shikoku Bank, Ltd. (The) 5,000 13,407 # Shikoku Electric Power Co., Inc. 1,900 22,832 Shima Seiki Manufacturing, Ltd. 400 19,453 Shimachu Co., Ltd. 1,000 25,024 Shimano, Inc. 100 14,661 Shimizu Corp. 4,000 42,264 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Shin-Etsu Chemical Co., Ltd. 1,000 $ 91,465 Shindengen Electric Manufacturing Co., Ltd. 3,000 15,558 Shinko Electric Industries Co., Ltd. 2,300 16,735 Shinko Plantech Co., Ltd. 1,300 11,108 Shinko Shoji Co., Ltd. 900 11,761 Shinmaywa Industries, Ltd. 4,000 34,974 Shinsei Bank, Ltd. 13,000 21,427 Shiseido Co., Ltd. 700 24,726 Shizuoka Gas Co., Ltd. 2,100 15,884 * Shoko Co., Ltd. 5,000 4,759 * Showa Corp. 800 7,728 Showa Denko K.K. 3,800 98,912 Showa Shell Sekiyu K.K. 4,800 52,285 Sintokogio, Ltd. 1,500 15,796 SKY Perfect JSAT Holdings, Inc. 3,500 15,712 SMC Corp. 100 31,791 SMK Corp. 3,000 12,669 Sodick Co., Ltd. 1,500 18,268 SoftBank Group Corp. 1,761 141,932 Sojitz Corp. 22,000 55,420 Sompo Holdings, Inc. 900 35,300 Sony Corp. 5,200 213,638 Sony Corp. Sponsored ADR 820 33,677 Sotetsu Holdings, Inc. 6,000 29,376 Square Enix Holdings Co., Ltd. 700 22,903 St Marc Holdings Co., Ltd. 800 25,003 Stanley Electric Co., Ltd. 1,300 42,944 Start Today Co., Ltd. 2,100 59,255 Starts Corp., Inc. 1,000 26,130 Subaru Corp. 1,000 36,077 # Sumco Corp. 1,100 17,803 Sumitomo Bakelite Co., Ltd. 5,000 36,323 Sumitomo Corp. 3,800 51,364 Sumitomo Densetsu Co., Ltd. 1,300 20,705 Sumitomo Electric Industries, Ltd. 5,000 80,822 Sumitomo Forestry Co., Ltd. 3,600 55,107 Sumitomo Heavy Industries, Ltd. 9,000 65,614 Sumitomo Metal Mining Co., Ltd. 3,000 45,308 Sumitomo Mitsui Construction Co., Ltd. 8,100 8,807 Sumitomo Mitsui Financial Group, Inc. 5,264 203,116 Sumitomo Osaka Cement Co., Ltd. 11,000 51,489 Sumitomo Realty & Development Co., Ltd. 1,000 30,272 Sumitomo Riko Co., Ltd. 500 5,230 Sumitomo Rubber Industries, Ltd. 1,900 32,946 Sumitomo Seika Chemicals Co., Ltd. 200 10,055 Sumitomo Warehouse Co., Ltd. (The) 4,000 25,631 Sun Frontier Fudousan Co., Ltd. 1,200 12,807 Suruga Bank, Ltd. 800 19,291 Suzuki Motor Corp. 1,400 66,362 * SWCC Showa Holdings Co., Ltd. 14,000 11,545 T Hasegawa Co., Ltd. 800 16,853 T&D Holdings, Inc. 2,400 35,404 Tachi-S Co., Ltd. 1,000 18,243 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- JAPAN -- (Continued) Tadano, Ltd. 2,000 $24,771 Taiheiyo Cement Corp. 19,000 71,293 Taiho Kogyo Co., Ltd. 1,300 18,326 Taikisha, Ltd. 500 13,448 Taisei Corp. 1,000 9,572 # Taiyo Nippon Sanso Corp. 900 10,401 # Taiyo Yuden Co., Ltd. 2,000 33,584 # Takara Leben Co., Ltd. 1,100 5,046 Takara Standard Co., Ltd. 1,000 16,791 Takasago International Corp. 200 7,856 Takashimaya Co., Ltd. 5,000 45,739 Takeuchi Manufacturing Co., Ltd. 900 17,445 Takuma Co., Ltd. 4,000 40,967 Tamura Corp. 4,000 21,856 TDK Corp. 900 64,684 TechnoPro Holdings, Inc. 600 25,742 Teijin, Ltd. 3,800 76,188 THK Co., Ltd. 900 27,480 TIS, Inc. 1,200 36,276 * Toa Corp. 600 9,796 TOA ROAD Corp. 3,000 12,397 Toagosei Co., Ltd. 2,400 28,949 Tobishima Corp. 5,000 7,653 Tobu Railway Co., Ltd. 3,000 15,885 Tochigi Bank, Ltd. (The) 4,000 16,276 Toei Co., Ltd. 1,000 10,196 Toho Bank, Ltd. (The) 5,000 17,446 Toho Gas Co., Ltd. 2,000 13,554 Toho Zinc Co., Ltd. 3,000 12,918 Tohoku Electric Power Co., Inc. 2,400 32,695 TOKAI Holdings Corp. 700 5,383 Tokai Rika Co., Ltd. 900 16,526 Token Corp. 270 34,327 Tokio Marine Holdings, Inc. 1,900 79,901 * Tokuyama Corp. 8,000 36,345 Tokyo Century Corp. 1,300 55,372 Tokyo Dome Corp. 1,500 14,437 * Tokyo Electric Power Co. Holdings, Inc. 6,200 26,298 Tokyo Electron, Ltd. 300 42,191 Tokyo Gas Co., Ltd. 5,000 26,529 Tokyo Ohka Kogyo Co., Ltd. 400 13,021 Tokyo Seimitsu Co., Ltd. 700 24,280 Tokyo Tatemono Co., Ltd. 1,000 13,607 Tokyo TY Financial Group, Inc. 259 6,893 Tokyu Construction Co., Ltd. 2,100 16,794 Tokyu Corp. 1,000 14,715 Tokyu Fudosan Holdings Corp. 3,900 23,394 TOMONY Holdings, Inc. 3,900 19,072 Topcon Corp. 1,200 20,531 Toppan Forms Co., Ltd. 2,100 21,835 Toppan Printing Co., Ltd. 3,000 31,703 Topre Corp. 1,400 36,905 Topy Industries, Ltd. 700 21,499 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Toray Industries, Inc. 6,000 $ 54,180 Toshiba Machine Co., Ltd. 3,000 14,246 Toshiba Plant Systems & Services Corp. 800 13,027 Toshiba TEC Corp. 4,000 22,140 Tosoh Corp. 10,000 118,401 TOTO, Ltd. 500 20,121 Towa Bank, Ltd. (The) 18,000 20,048 # Toyo Engineering Corp. 4,000 10,520 Toyo Ink SC Holdings Co., Ltd. 6,000 31,089 Toyo Kanetsu K.K. 5,000 16,366 Toyo Seikan Group Holdings, Ltd. 1,800 29,506 Toyo Suisan Kaisha, Ltd. 200 7,266 Toyo Tire & Rubber Co., Ltd. 2,000 41,053 Toyobo Co., Ltd. 19,000 36,178 Toyoda Gosei Co., Ltd. 1,600 37,751 Toyota Boshoku Corp. 1,100 22,973 Toyota Industries Corp. 400 21,461 Toyota Motor Corp. 10,906 614,660 Toyota Motor Corp. Sponsored ADR 3,466 391,103 Toyota Tsusho Corp. 3,700 118,948 Trancom Co., Ltd. 300 14,827 Transcosmos, Inc. 600 14,420 Trend Micro, Inc. 500 25,006 Trusco Nakayama Corp. 600 15,389 TS Tech Co., Ltd. 400 11,855 Tsubakimoto Chain Co. 3,000 25,453 Tsukuba Bank, Ltd. 2,900 8,695 UACJ Corp. 3,114 9,191 Ube Industries, Ltd. 29,000 78,557 Ulvac, Inc. 1,300 69,700 Unicharm Corp. 800 20,526 Union Tool Co. 600 17,812 Unipres Corp. 1,100 25,583 United Arrows, Ltd. 500 15,154 Universal Entertainment Corp. 800 22,952 # Unizo Holdings Co., Ltd. 500 11,601 Ushio, Inc. 1,700 23,858 USS Co., Ltd. 800 16,161 Valor Holdings Co., Ltd. 500 11,300 VT Holdings Co., Ltd. 3,900 19,936 Wacoal Holdings Corp. 2,000 28,096 Wakita & Co., Ltd. 1,000 11,278 West Holdings Corp. 1,800 13,894 West Japan Railway Co. 500 35,890 Xebio Holdings Co., Ltd. 700 13,184 # Yahoo Japan Corp. 5,300 23,987 Yamada Denki Co., Ltd. 8,168 43,624 # Yamagata Bank, Ltd. (The) 4,000 18,158 Yamaguchi Financial Group, Inc. 4,000 47,079 Yamaha Corp. 600 21,218 Yamaha Motor Co., Ltd. 1,300 32,650 Yamanashi Chuo Bank, Ltd. (The) 4,000 16,339 Yamato Kogyo Co., Ltd. 900 25,227 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- JAPAN -- (Continued) Yamazaki Baking Co., Ltd. 1,400 $ 28,085 Yamazen Corp. 200 2,053 Yaoko Co., Ltd. 400 17,259 Yaskawa Electric Corp. 1,900 50,938 Yellow Hat, Ltd. 100 2,583 Yodogawa Steel Works, Ltd. 700 19,248 Yokogawa Bridge Holdings Corp. 300 4,564 Yokogawa Electric Corp. 1,600 26,928 Yokohama Rubber Co., Ltd. (The) 2,500 50,344 Yorozu Corp. 700 11,815 Zensho Holdings Co., Ltd. 1,300 23,516 Zeon Corp. 4,000 49,904 ----------- TOTAL JAPAN 22,528,534 ----------- NETHERLANDS -- (2.6%) Aalberts Industries NV 2,548 111,250 ABN AMRO Group NV 537 15,178 # Accell Group 878 26,765 Aegon NV 14,188 79,530 Akzo Nobel NV 2,821 255,397 #* Altice NV Class A 860 21,188 * Altice NV Class B 606 14,972 AMG Advanced Metallurgical Group NV 1,751 60,445 Amsterdam Commodities NV 391 11,615 APERAM SA 865 42,042 Arcadis NV 1,720 35,174 #* ArcelorMittal 4,052 106,009 ASM International NV 727 43,749 ASML Holding NV(B929F46) 504 76,019 ASML Holding NV(B908F01) 154 23,151 BE Semiconductor Industries NV 935 60,820 # BinckBank NV 1,231 6,771 Boskalis Westminster 2,359 84,374 # Brunel International NV 272 4,180 Coca-Cola European Partners P.L.C. 572 24,827 Corbion NV 916 29,583 * Fugro NV 1,470 23,611 Gemalto NV 965 49,190 ING Groep NV 10,649 198,964 KAS Bank NV 70 808 Kendrion NV 337 14,377 Koninklijke Ahold Delhaize NV 2,930 59,933 Koninklijke Ahold Delhaize NV Sponsored ADR 5,225 106,799 Koninklijke BAM Groep NV 4,155 24,707 # Koninklijke KPN NV 25,735 93,324 Koninklijke Vopak NV 1,111 52,897 NN Group NV 2,520 102,145 * OCI NV 950 20,352 PostNL NV 9,281 43,930 Randstad Holding NV 921 55,532 Refresco Group NV 218 4,259 RELX NV 3,695 77,611 RELX NV Sponsored ADR 2,928 61,818 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- NETHERLANDS -- (Continued) SBM Offshore NV 2,531 $ 43,769 Sligro Food Group NV 627 28,360 * Telegraaf Media Groep NV 853 6,078 TKH Group NV 877 53,639 * TomTom NV 1,851 19,648 Unilever NV(B12T3J1) 907 52,858 # Unilever NV(904784709) 2,329 135,478 Wessanen 2,763 48,717 Wolters Kluwer NV 1,867 83,032 ---------- TOTAL NETHERLANDS 2,594,875 ---------- NEW ZEALAND -- (0.3%) #* a2 Milk Co., Ltd. 8,890 29,481 Air New Zealand, Ltd. 11,327 28,516 Auckland International Airport, Ltd. 3,615 18,898 Chorus, Ltd. 10,565 35,403 Contact Energy, Ltd. 7,971 32,096 Fletcher Building, Ltd.(6341606) 4,961 29,781 Fletcher Building, Ltd.(6341617) 913 5,483 Infratil, Ltd. 5,431 12,609 Kathmandu Holdings, Ltd. 4,918 8,388 Mainfreight, Ltd. 1,051 19,180 Mercury NZ, Ltd. 5,353 13,999 Meridian Energy, Ltd. 756 1,635 * New Zealand Oil & Gas, Ltd. 292 131 New Zealand Refining Co., Ltd. (The) 4,103 7,608 NZME, Ltd. 1,604 1,117 Port of Tauranga, Ltd. 1,808 6,354 SKY Network Television, Ltd. 3,260 8,103 Spark New Zealand, Ltd. 18,634 52,485 Tilt Renewables, Ltd. 2,795 4,536 Trade Me Group, Ltd. 2,088 8,585 Trustpower, Ltd. 2,795 12,177 * Xero, Ltd. 3 59 ---------- TOTAL NEW ZEALAND 336,624 ---------- NORWAY -- (0.9%) * Akastor ASA 1,805 3,698 Aker ASA Class A 302 11,436 Aker BP ASA 799 15,093 * Aker Solutions ASA 784 3,921 Atea ASA 726 8,902 Austevoll Seafood ASA 2,794 24,819 Bakkafrost P/F 470 18,455 Bonheur ASA 128 1,321 BW LPG, Ltd. 1,956 8,820 #* BW Offshore, Ltd. 2,050 6,318 DNB ASA 3,805 74,747 #* DNO ASA 3,689 4,303 Ekornes ASA 300 4,352 #* Fred Olsen Energy ASA 566 827 Frontline, Ltd. 727 4,214 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- NORWAY -- (Continued) # Gjensidige Forsikring ASA 752 $ 13,015 Grieg Seafood ASA 1,850 15,187 * Kongsberg Automotive ASA 28,148 29,823 Kongsberg Gruppen ASA 640 10,883 * Kvaerner ASA 6,566 9,584 Leroy Seafood Group ASA 4,490 26,062 Marine Harvest ASA 2,483 46,292 * Nordic Semiconductor ASA 3,571 17,637 Norsk Hydro ASA 2,206 14,234 #* Norwegian Air Shuttle ASA 201 4,935 Orkla ASA 943 9,714 * Petroleum Geo-Services ASA 6,042 13,251 * Prosafe SE 108 418 Protector Forsikring ASA 1,652 16,168 Salmar ASA 616 16,015 * Seadrill, Ltd.(B09RMQ1) 818 305 * Seadrill, Ltd.(B0HWHV8) 1,658 611 * Sevan Marine ASA 744 1,236 SpareBank 1 SR-Bank ASA 3,295 32,887 Statoil ASA 4,147 77,939 # Statoil ASA Sponsored ADR 3,231 60,614 Stolt-Nielsen, Ltd. 218 3,332 Storebrand ASA 8,568 71,468 Subsea 7 SA 2,853 42,275 Telenor ASA 923 18,426 TGS NOPEC Geophysical Co. ASA 1,477 31,213 Tomra Systems ASA 2,200 31,269 Veidekke ASA 1,440 19,035 Wilh Wilhelmsen Holding ASA Class A 523 16,442 Yara International ASA 602 23,927 -------- TOTAL NORWAY 865,423 -------- PORTUGAL -- (0.3%) Altri SGPS SA 4,909 22,294 #* Banco Comercial Portugues SA Class R 168,593 48,056 EDP - Energias de Portugal SA 9,374 33,282 EDP Renovaveis SA 4,715 37,681 Galp Energia SGPS SA 4,613 73,903 Jeronimo Martins SGPS SA 2,262 44,490 Mota-Engil SGPS SA 2,737 7,699 Navigator Co. SA (The) 5,658 24,386 NOS SGPS SA 3,274 20,838 # REN - Redes Energeticas Nacionais SGPS SA 3,580 11,601 Sonae SGPS SA 13,955 16,037 -------- TOTAL PORTUGAL 340,267 -------- SINGAPORE -- (1.0%) Ascendas India Trust 20,500 17,389 * Boustead Projects, Ltd. 4,800 3,304 Boustead Singapore, Ltd. 16,000 11,203 Bukit Sembawang Estates, Ltd. 2,000 10,046 CapitaLand, Ltd. 14,000 38,085 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) ComfortDelGro Corp., Ltd. 6,000 $ 10,223 * COSCO Shipping International Singapore Co., Ltd. 14,000 3,147 CSE Global, Ltd. 19,000 5,815 CWT, Ltd. 9,000 13,740 DBS Group Holdings, Ltd. 5,104 81,427 Delfi, Ltd. 3,000 4,437 * Ezion Holdings, Ltd. 31,824 5,636 #* Ezra Holdings, Ltd. 104,356 639 Far East Orchard, Ltd. 8,000 9,133 First Resources, Ltd. 12,000 16,548 GL, Ltd. 19,000 10,304 Golden Agri-Resources, Ltd. 29,000 8,444 GuocoLand, Ltd. 12,000 16,862 Hutchison Port Holdings Trust 50,000 23,735 Hyflux, Ltd. 14,000 4,955 Indofood Agri Resources, Ltd. 6,000 2,192 Keppel Corp., Ltd. 6,300 29,794 Keppel Infrastructure Trust 18,264 7,411 M1, Ltd. 7,000 9,323 * Midas Holdings, Ltd. 30,000 4,532 * Noble Group, Ltd. 7,000 1,933 Olam International, Ltd. 8,400 12,085 OUE, Ltd. 5,000 7,378 Oversea-Chinese Banking Corp., Ltd. 12,027 100,730 * Raffles Education Corp., Ltd. 6,127 875 SATS, Ltd. 6,278 22,368 SembCorp Industries, Ltd. 15,400 36,676 SIIC Environment Holdings, Ltd. 33,700 12,061 Sinarmas Land, Ltd. 33,000 10,339 Singapore Airlines, Ltd. 5,200 39,851 Singapore Exchange, Ltd. 6,000 33,488 Singapore Post, Ltd. 14,000 13,578 Singapore Technologies Engineering, Ltd. 9,000 25,026 Singapore Telecommunications, Ltd. 22,000 64,399 Stamford Land Corp., Ltd. 9,000 3,456 StarHub, Ltd. 4,400 8,862 * Swiber Holdings, Ltd. 2,249 34 * Tat Hong Holdings, Ltd. 10,000 2,728 United Engineers, Ltd. 12,000 23,181 United Industrial Corp., Ltd. 9,900 23,444 United Overseas Bank, Ltd. 6,529 115,535 UOB-Kay Hian Holdings, Ltd. 12,000 12,218 UOL Group, Ltd. 9,289 54,047 Venture Corp., Ltd. 4,700 45,659 Wing Tai Holdings, Ltd. 10,000 15,049 Yeo Hiap Seng, Ltd. 1,767 1,688 * Yongnam Holdings, Ltd. 31,125 5,398 ---------- TOTAL SINGAPORE 1,040,410 ---------- SPAIN -- (2.9%) Abertis Infraestructuras SA 2,140 42,194 Acciona SA 648 55,391 Acerinox SA 3,789 48,643 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SPAIN -- (Continued) ACS Actividades de Construccion y Servicios SA 1,350 $ 51,689 Aena SA 20 3,909 Amadeus IT Group SA 1,683 103,595 Applus Services SA 1,021 13,150 Atresmedia Corp. de Medios de Comunicacion SA 1,085 12,734 Banco Bilbao Vizcaya Argentaria SA 9,018 81,592 # Banco Bilbao Vizcaya Argentaria SA Sponsored ADR 16,378 148,711 Banco de Sabadell SA 64,945 145,031 Banco Santander SA 37,876 257,863 # Banco Santander SA Sponsored ADR 29,370 200,306 Bankia SA 2,115 10,690 Bankinter SA 3,572 34,764 Bolsas y Mercados Espanoles SHMSF SA 1,498 54,944 CaixaBank SA 8,091 42,145 Cellnex Telecom SA 1,335 30,027 Cie Automotive SA 590 14,603 Construcciones y Auxiliar de Ferrocarriles SA 520 23,122 Distribuidora Internacional de Alimentacion SA 8,452 56,928 #* Duro Felguera SA 2,644 2,349 Ebro Foods SA 994 23,793 Elecnor SA 157 2,164 Enagas SA 2,634 74,445 Ence Energia y Celulosa SA 3,405 14,511 Endesa SA 1,354 32,054 Euskaltel SA 433 4,427 Ferrovial SA 1,621 34,960 Gas Natural SDG SA 3,433 80,346 Grupo Catalana Occidente SA 923 41,061 Iberdrola SA 32,771 258,333 * Indra Sistemas SA 1,150 17,793 Industria de Diseno Textil SA 1,738 68,989 Inmobiliaria Colonial SA 2,648 24,699 Mapfre SA 19,733 73,502 Mediaset Espana Comunicacion SA 4,163 52,470 Melia Hotels International SA 953 14,772 Miquel y Costas & Miquel SA 303 11,215 Obrascon Huarte Lain SA 2,259 9,486 Papeles y Cartones de Europa SA 1,604 14,072 * Pescanova SA 468 764 * Promotora de Informaciones SA Class A 966 3,655 Prosegur Cia de Seguridad SA 3,225 22,042 Red Electrica Corp. SA 2,668 57,158 Repsol SA 5,373 89,985 Repsol SA Sponsored ADR 2,032 34,160 * Sacyr SA 7,623 20,342 Siemens Gamesa Renewable Energy SA 4,309 70,500 Tecnicas Reunidas SA 630 22,340 Telefonica SA 6,588 74,596 Telefonica SA Sponsored ADR 12,139 136,928 * Tubacex SA 1,844 7,217 Vidrala SA 390 30,385 Viscofan SA 735 43,728 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SPAIN -- (Continued) Zardoya Otis SA 3,054 $ 32,034 ---------- TOTAL SPAIN 2,933,306 ---------- SWEDEN -- (2.9%) AAK AB 685 50,632 AF AB Class B 1,570 34,390 Alfa Laval AB 2,007 44,824 Assa Abloy AB Class B 2,063 44,196 Atlas Copco AB Class A 1,384 50,056 Atlas Copco AB Class B 777 25,164 # Avanza Bank Holding AB 446 18,402 Axfood AB 1,400 23,578 Beijer Alma AB 381 11,127 Bergman & Beving AB 600 7,433 Bilia AB Class A 3,116 30,104 BillerudKorsnas AB 4,342 68,657 Boliden AB 4,049 127,114 Bonava AB Class B 1,600 27,997 Bure Equity AB 991 12,176 # Byggmax Group AB 1,675 13,538 Castellum AB 2,615 40,647 Clas Ohlson AB Class B 566 11,636 Cloetta AB Class B 2,007 7,183 Com Hem Holding AB 1,063 15,525 Concentric AB 1,052 16,506 Dios Fastigheter AB 1,958 11,449 Duni AB 892 12,928 Dustin Group AB 1,281 10,745 Electrolux AB Series B 1,570 53,687 * Essity AB Class B 2,444 70,864 Fabege AB 643 12,700 * Fastighets AB Balder Class B 476 12,111 #* Fingerprint Cards AB Class B 985 4,606 * Haldex AB 2,000 26,696 Hemfosa Fastigheter AB 2,030 24,903 Hennes & Mauritz AB Class B 1,312 34,230 Hexagon AB Class B 547 27,028 Hexpol AB 4,840 49,503 HIQ International AB 1,637 10,945 Holmen AB Class B 995 44,940 Husqvarna AB Class B 2,318 23,580 # ICA Gruppen AB 746 29,892 Indutrade AB 2,102 51,853 Intrum Justitia AB 841 27,366 JM AB 1,200 42,119 KappAhl AB 3,182 18,103 Klovern AB Class B 9,144 11,681 KNOW IT AB 721 11,622 Lindab International AB 1,863 19,590 Loomis AB Class B 1,303 48,409 * Lundin Petroleum AB 1,699 38,693 # Mekonomen AB 827 17,416 Millicom International Cellular SA 674 42,234 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) # Modern Times Group MTG AB Class B 763 $ 26,517 * Momentum Group AB Class B 600 6,187 NCC AB Class B 1,600 41,631 NetEnt AB 1,506 14,531 New Wave Group AB Class B 1,962 13,668 Nibe Industrier AB Class B 5,600 53,391 Nobia AB 4,200 43,121 Nordea Bank AB 7,848 99,025 Oriflame Holding AG 539 20,692 Pandox AB 625 11,242 Peab AB 4,058 47,634 # Ratos AB Class B 5,280 25,223 Rezidor Hotel Group AB 1,026 3,954 Saab AB Class B 1,477 68,532 Sandvik AB 2,872 45,259 * SAS AB 1,855 4,434 Scandi Standard AB 1,287 9,204 Securitas AB Class B 3,673 61,168 Skandinaviska Enskilda Banken AB Class A 4,651 58,902 Skanska AB Class B 951 21,610 SKF AB Class A 582 11,594 SKF AB Class B 2,766 54,977 SkiStar AB 883 19,634 * SSAB AB Class A(B17H0S8) 6,154 31,093 * SSAB AB Class A(BPRBWK4) 604 3,074 * SSAB AB Class B(B17H3F6) 7,331 30,271 * SSAB AB Class B(BPRBWM6) 3,408 14,125 Svenska Cellulosa AB SCA Class B 2,444 20,236 Svenska Handelsbanken AB Class A 3,800 56,560 Sweco AB Class B 833 20,344 Swedbank AB Class A 2,231 58,179 Systemair AB 603 10,235 Tele2 AB Class B 4,251 50,594 Telefonaktiebolaget LM Ericsson Class A 436 2,826 Telefonaktiebolaget LM Ericsson Class B 7,036 45,540 Telefonaktiebolaget LM Ericsson Sponsored ADR 5,201 33,390 Telia Co. AB 25,204 118,480 Thule Group AB 628 12,221 Trelleborg AB Class B 1,366 32,173 Volvo AB Class A 1,258 21,356 Volvo AB Class B 8,211 139,467 Wallenstam AB Class B 2,048 20,851 Wihlborgs Fastigheter AB 494 12,016 ---------- TOTAL SWEDEN 2,965,939 ---------- SWITZERLAND -- (5.0%) ABB, Ltd. 2,205 51,655 # ABB, Ltd. Sponsored ADR 4,791 112,589 Adecco Group AG 1,762 134,428 Allreal Holding AG 211 38,366 ALSO Holding AG 82 10,723 ams AG 1,102 79,417 APG SGA SA 44 19,846 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWITZERLAND -- (Continued) * Arbonia AG 1,332 $ 25,343 Aryzta AG 811 26,061 Ascom Holding AG 1,349 26,717 Autoneum Holding AG 124 29,797 Baloise Holding AG 631 101,380 Bank Cler AG 87 3,909 Banque Cantonale Vaudoise 49 35,451 Barry Callebaut AG 34 48,489 Belimo Holding AG 7 29,024 Bell Food Group AG 20 9,204 # Berner Kantonalbank AG 107 20,266 BKW AG 158 9,003 Bobst Group SA 277 30,840 Bossard Holding AG Class A 88 19,030 Bucher Industries AG 173 57,687 Burckhardt Compression Holding AG 52 15,445 Burkhalter Holding AG 152 21,535 Cembra Money Bank AG 458 41,085 Cie Financiere Richemont SA 2,087 177,416 Clariant AG 4,658 108,240 Conzzeta AG 9 9,418 Credit Suisse Group AG 7,607 116,932 Daetwyler Holding AG 119 19,450 DKSH Holding AG 628 49,419 dormakaba Holding AG 37 32,980 * Dufry AG 469 74,714 EFG International AG 1,159 8,606 Emmi AG 98 69,045 Energiedienst Holding AG 604 16,491 Flughafen Zurich AG 408 104,056 Forbo Holding AG 27 40,995 GAM Holding AG 2,686 42,348 Geberit AG 140 67,334 Georg Fischer AG 84 95,537 Givaudan SA 34 67,647 Gurit Holding AG 16 19,225 Helvetia Holding AG 56 31,300 Hiag Immobilien Holding AG 109 13,489 # HOCHDORF Holding AG 20 5,997 Huber & Suhner AG 335 23,875 Implenia AG 444 32,836 Inficon Holding AG 39 21,388 Interroll Holding AG 14 18,356 Intershop Holding AG 2 989 Julius Baer Group, Ltd. 993 56,211 Kardex AG 238 26,232 Komax Holding AG 24 7,010 Kudelski SA 1,531 24,376 Kuehne + Nagel International AG 283 49,283 LafargeHolcim, Ltd. 1,193 71,283 LEM Holding SA 9 10,889 Liechtensteinische Landesbank AG 96 4,855 Logitech International SA 2,432 88,269 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) Luzerner Kantonalbank AG 41 $ 18,436 Metall Zug AG Class B 10 41,843 #* Meyer Burger Technology AG 1,488 2,338 Mobimo Holding AG 91 25,978 Nestle SA 9,241 780,028 # OC Oerlikon Corp. AG 1,810 26,482 * Orascom Development Holding AG 516 3,591 # Orell Fuessli Holding AG 31 4,117 Orior AG 3 224 # Panalpina Welttransport Holding AG 238 30,133 Partners Group Holding AG 160 103,867 PSP Swiss Property AG 323 29,390 Rieter Holding AG 89 20,612 # Romande Energie Holding SA 7 9,446 * Schaffner Holding AG 31 10,240 Schindler Holding AG 128 26,918 * Schmolz + Bickenbach AG 7,007 6,442 Schweiter Technologies AG 17 22,226 SGS SA 15 33,153 Sika AG 15 103,369 St Galler Kantonalbank AG 45 20,045 Sulzer AG 474 53,178 Sunrise Communications Group AG 648 51,104 Swatch Group AG (The)(7184725) 157 62,291 Swatch Group AG (The)(7184736) 471 36,278 Swiss Life Holding AG 273 99,632 Swiss Prime Site AG 330 29,790 Swiss Re AG 1,079 104,029 Swisscom AG 133 65,005 Temenos Group AG 848 81,973 u-blox Holding AG 187 37,134 * UBS Group AG 12,592 219,479 Valiant Holding AG 314 37,013 Valora Holding AG 83 27,551 # Vaudoise Assurances Holding SA 16 8,901 Vetropack Holding AG 1 2,112 * Von Roll Holding AG 3,134 4,706 Vontobel Holding AG 667 44,372 # Zug Estates Holding AG Class B 2 3,829 Zurich Insurance Group AG 479 145,989 ---------- TOTAL SWITZERLAND 5,037,025 ---------- UNITED KINGDOM -- (15.4%) 3i Group P.L.C. 10,047 124,032 A.G. Barr P.L.C. 281 2,221 Aberdeen Asset Management P.L.C. 12,619 54,854 Acacia Mining P.L.C. 3,666 8,433 Admiral Group P.L.C. 1,927 52,568 Aggreko P.L.C. 5,691 63,622 Amec Foster Wheeler P.L.C. 6,221 36,492 * Anglo American P.L.C. 6,646 109,936 Anglo Pacific Group P.L.C. 3,296 5,093 Antofagasta P.L.C. 3,458 43,184 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- UNITED KINGDOM -- (Continued) Ashmore Group P.L.C. 10,342 $ 49,097 Ashtead Group P.L.C. 6,926 148,800 Associated British Foods P.L.C. 1,421 55,589 Auto Trader Group P.L.C. 2,172 10,970 AVEVA Group P.L.C. 701 18,352 Aviva P.L.C. 8,383 59,588 B&M European Value Retail SA 12,292 58,419 Babcock International Group P.L.C. 8,695 96,859 BAE Systems P.L.C. 15,206 120,642 Balfour Beatty P.L.C. 1,823 6,346 Barclays P.L.C. 7,241 19,415 Barclays P.L.C. Sponsored ADR 11,800 126,614 Barratt Developments P.L.C. 18,794 152,639 BBA Aviation P.L.C. 15,420 60,984 Beazley P.L.C. 12,746 86,139 Bellway P.L.C. 2,547 107,251 Berendsen P.L.C. 5,958 100,222 Berkeley Group Holdings P.L.C. 2,385 109,992 BGEO Group P.L.C. 560 25,486 BHP Billiton P.L.C. 3,981 72,590 BHP Billiton P.L.C. ADR 7,196 262,006 Bodycote P.L.C. 4,401 52,833 Booker Group P.L.C. 14,954 37,975 Bovis Homes Group P.L.C. 3,407 45,484 BP P.L.C. 1,706 10,021 # BP P.L.C. Sponsored ADR 11,350 398,833 Brewin Dolphin Holdings P.L.C. 8,248 39,092 Britvic P.L.C. 5,064 47,687 BT Group P.L.C. 6,102 25,252 # BT Group P.L.C. Sponsored ADR 4,610 96,303 Bunzl P.L.C. 1,565 47,253 Burberry Group P.L.C. 3,063 69,094 Cape P.L.C. 2,763 9,528 Capita P.L.C. 3,947 34,295 Capital & Counties Properties P.L.C. 3,114 11,837 Card Factory P.L.C. 1,725 6,969 # Carillion P.L.C. 11,571 8,664 Carnival P.L.C. 197 13,297 Carnival P.L.C. ADR 739 49,720 Centamin P.L.C. 14,671 32,179 Centrica P.L.C. 42,830 112,200 Chemring Group P.L.C. 6,635 15,676 Chesnara P.L.C. 4,020 20,240 Cineworld Group P.L.C. 6,417 58,344 Clarkson P.L.C. 149 5,259 Close Brothers Group P.L.C. 2,370 48,189 Cobham P.L.C. 41,724 73,087 Coca-Cola HBC AG 1,377 41,631 Compass Group P.L.C. 3,990 85,135 Computacenter P.L.C. 2,604 30,389 Connect Group P.L.C. 3,718 5,445 Cranswick P.L.C. 855 32,735 Crest Nicholson Holdings P.L.C. 2,618 18,589 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- UNITED KINGDOM -- (Continued) Croda International P.L.C. 1,349 $ 65,814 Daily Mail & General Trust P.L.C. 4,069 34,222 Dairy Crest Group P.L.C. 3,431 26,854 DCC P.L.C. 1,074 94,418 De La Rue P.L.C. 2,442 21,497 Debenhams P.L.C. 22,081 12,528 Devro P.L.C. 5,357 15,260 * Dialight P.L.C. 163 1,945 Dignity P.L.C. 639 21,486 Diploma P.L.C. 2,852 40,585 Direct Line Insurance Group P.L.C. 15,112 74,686 Dixons Carphone P.L.C. 12,279 43,612 Domino's Pizza Group P.L.C. 5,847 20,548 Drax Group P.L.C. 6,750 28,362 DS Smith P.L.C. 17,920 114,153 Dunelm Group P.L.C. 996 7,914 easyJet P.L.C. 2,947 48,068 * EI Group P.L.C. 8,728 16,392 Electrocomponents P.L.C. 6,138 50,237 Elementis P.L.C. 10,690 41,785 * EnQuest P.L.C. 32,214 14,300 Essentra P.L.C. 6,005 42,377 esure Group P.L.C. 3,044 11,891 Euromoney Institutional Investor P.L.C. 183 2,675 * Evraz P.L.C. 10,158 31,924 Experian P.L.C. 4,958 98,497 Ferguson P.L.C. 2,684 16,128 Ferrexpo P.L.C. 4,390 13,790 Fidessa Group P.L.C. 721 21,516 * Findel P.L.C. 841 2,010 * Firstgroup P.L.C. 31,411 47,902 Fresnillo P.L.C. 915 18,569 G4S P.L.C. 29,487 127,994 Galliford Try P.L.C. 1,931 34,529 * Gem Diamonds, Ltd. 2,700 2,932 GKN P.L.C. 20,458 86,790 Glencore P.L.C. 31,128 137,317 Go-Ahead Group P.L.C. 487 11,541 Grafton Group P.L.C. 4,956 50,194 Grainger P.L.C. 3,196 11,089 Greencore Group P.L.C. 22,062 65,120 Greene King P.L.C. 3,513 31,736 Greggs P.L.C. 3,028 43,944 Halfords Group P.L.C. 7,465 32,842 Hargreaves Lansdown P.L.C. 1,126 20,488 Hays P.L.C. 23,736 52,198 Helical P.L.C. 3,459 15,781 Hill & Smith Holdings P.L.C. 3,928 69,425 Hilton Food Group P.L.C. 1,352 12,061 Hiscox, Ltd. 6,335 108,537 HomeServe P.L.C. 6,343 60,632 Howden Joinery Group P.L.C. 13,731 77,015 HSBC Holdings P.L.C. 20,768 207,990 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) HSBC Holdings P.L.C. Sponsored ADR 9,254 $463,533 * Hunting P.L.C. 2,655 16,432 Huntsworth P.L.C. 9,410 9,154 IG Group Holdings P.L.C. 9,898 83,139 * Imagination Technologies Group P.L.C. 1,122 2,136 IMI P.L.C. 4,231 67,196 Inchcape P.L.C. 9,922 105,177 Informa P.L.C. 20,203 185,299 Inmarsat P.L.C. 7,436 76,101 # InterContinental Hotels Group P.L.C. ADR 698 39,618 Intermediate Capital Group P.L.C. 114 1,363 International Consolidated Airlines Group SA 5,670 43,242 Interserve P.L.C. 2,216 6,594 Intertek Group P.L.C. 1,363 77,317 Investec P.L.C. 12,086 91,769 * IP Group P.L.C. 6,478 12,165 ITE Group P.L.C. 779 1,859 ITV P.L.C. 22,994 52,583 IWG P.L.C. 13,221 57,283 J D Wetherspoon P.L.C. 1,890 25,503 J Sainsbury P.L.C. 28,238 91,236 James Fisher & Sons P.L.C. 1,237 25,606 Jardine Lloyd Thompson Group P.L.C. 1,972 30,874 JD Sports Fashion P.L.C. 9,780 46,229 John Menzies P.L.C. 329 3,044 John Wood Group P.L.C. 5,586 45,082 Johnson Matthey P.L.C. 1,917 71,049 Jupiter Fund Management P.L.C. 8,640 60,790 Just Group P.L.C. 4,140 8,030 * KAZ Minerals P.L.C. 3,030 28,699 KCOM Group P.L.C. 8,494 10,284 Keller Group P.L.C. 1,520 17,676 Kier Group P.L.C. 1,746 29,674 Kingfisher P.L.C. 13,579 52,697 Laird P.L.C. 12,400 24,468 * Lamprell P.L.C. 3,344 4,368 Lancashire Holdings, Ltd. 2,958 28,381 Legal & General Group P.L.C. 33,413 118,306 * Liberty Global P.L.C. Class A 574 19,435 * Liberty Global P.L.C. Series C 1,591 52,129 #* Liberty Global P.L.C. LiLAC Class A 137 3,524 * Liberty Global P.L.C. LiLAC Class C 338 8,626 Lloyds Banking Group P.L.C. 171,332 148,123 Lloyds Banking Group P.L.C. ADR 41,230 145,130 London Stock Exchange Group P.L.C. 2,289 113,339 Lookers P.L.C. 4,741 6,867 Low & Bonar P.L.C. 7,100 8,057 Man Group P.L.C. 41,451 87,508 Marks & Spencer Group P.L.C. 21,854 92,882 Marshalls P.L.C. 2,962 14,993 McBride P.L.C. 5,164 12,879 Mears Group P.L.C. 3,694 24,089 Meggitt P.L.C. 13,928 92,444 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- UNITED KINGDOM -- (Continued) Melrose Industries P.L.C. 40,106 $122,965 Merlin Entertainments P.L.C. 3,621 22,421 Micro Focus International P.L.C. 2,013 59,279 Millennium & Copthorne Hotels P.L.C. 1,536 9,274 Mitchells & Butlers P.L.C. 4,465 14,234 Mitie Group P.L.C. 12,872 45,242 Mondi P.L.C. 2,468 65,006 Moneysupermarket.com Group P.L.C. 4,756 20,823 Morgan Advanced Materials P.L.C. 9,000 35,537 Morgan Sindall Group P.L.C. 286 5,169 N Brown Group P.L.C. 2,652 10,922 National Express Group P.L.C. 13,863 66,634 National Grid P.L.C. Sponsored ADR 1,269 79,304 NCC Group P.L.C. 2,085 5,329 NEX Group P.L.C. 4,469 39,301 Next P.L.C. 517 26,949 Northgate P.L.C. 3,835 21,874 Novae Group P.L.C. 2,345 21,839 * Ocado Group P.L.C. 2,744 10,901 Old Mutual P.L.C. 25,796 66,906 * Ophir Energy P.L.C. 10,657 10,259 Pagegroup P.L.C. 4,900 31,674 PayPoint P.L.C. 593 7,008 * Paysafe Group P.L.C. 1,616 12,578 Pearson P.L.C. Sponsored ADR 4,891 42,063 Pendragon P.L.C. 30,527 12,067 Pennon Group P.L.C. 6,078 64,603 Persimmon P.L.C. 4,185 138,276 * Petra Diamonds, Ltd. 4,104 5,173 Petrofac, Ltd. 3,167 18,713 * Petropavlovsk P.L.C. 3,187 308 Phoenix Group Holdings 4,723 47,565 Photo-Me International P.L.C. 3,031 6,551 Playtech P.L.C. 2,427 30,756 Polypipe Group P.L.C. 2,040 10,817 * Premier Foods P.L.C. 28,858 14,948 #* Premier Oil P.L.C. 13,691 10,953 Provident Financial P.L.C. 1,020 27,767 Prudential P.L.C. 1,772 43,238 Prudential P.L.C. ADR 1,067 52,251 * Punch Taverns P.L.C. 614 1,437 PZ Cussons P.L.C. 2,944 14,103 QinetiQ Group P.L.C. 15,195 48,330 Randgold Resources, Ltd. 475 44,215 Redrow P.L.C. 6,636 51,856 RELX P.L.C. 1,825 39,751 # RELX P.L.C. Sponsored ADR 2,800 61,908 Renewi P.L.C. 18,845 22,859 Renishaw P.L.C. 508 27,923 Rentokil Initial P.L.C. 18,513 70,951 Ricardo P.L.C. 61 621 Rightmove P.L.C. 1,645 91,254 Rio Tinto P.L.C. 948 44,430 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- UNITED KINGDOM -- (Continued) # Rio Tinto P.L.C. Sponsored ADR 8,120 $384,726 Rolls-Royce Holdings P.L.C. 14,667 171,852 Rotork P.L.C. 15,220 46,492 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR 3,100 20,584 Royal Dutch Shell P.L.C. Class A 8,537 241,102 Royal Dutch Shell P.L.C. Class B 5,560 158,393 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 4,617 260,999 Royal Dutch Shell P.L.C. Sponsored ADR, Class B 764 44,205 Royal Mail P.L.C. 7,700 40,944 RPC Group P.L.C. 6,401 75,680 RPS Group P.L.C. 5,472 19,684 RSA Insurance Group P.L.C. 10,443 89,908 Sage Group P.L.C. (The) 5,704 50,726 Savills P.L.C. 3,502 42,231 Schroders P.L.C.(0239581) 320 10,392 Schroders P.L.C.(0240549) 817 37,126 SDL P.L.C. 155 1,315 Senior P.L.C. 9,084 29,801 Severfield P.L.C. 5,353 5,236 Severn Trent P.L.C. 1,351 39,946 SIG P.L.C. 12,895 28,166 Sky P.L.C. 2,707 34,498 Soco International P.L.C. 5,498 8,791 Spectris P.L.C. 3,001 97,405 Speedy Hire P.L.C. 20,261 14,567 Spirax-Sarco Engineering P.L.C. 1,231 90,334 Spirent Communications P.L.C. 5,973 9,327 * Sports Direct International P.L.C. 1,936 9,686 SSE P.L.C. 6,605 120,200 SSP Group P.L.C. 3,897 26,196 St James's Place P.L.C. 5,100 81,918 St. Ives P.L.C. 388 281 St. Modwen Properties P.L.C. 7,361 34,801 Stagecoach Group P.L.C. 7,817 18,593 * Standard Chartered P.L.C. 8,814 98,525 Standard Life P.L.C. 9,745 56,093 SuperGroup P.L.C. 668 13,209 Synthomer P.L.C. 9,204 59,484 # TalkTalk Telecom Group P.L.C. 10,144 24,060 Tate & Lyle P.L.C. 7,874 69,820 Taylor Wimpey P.L.C. 62,476 156,915 Telecom Plus P.L.C. 1,128 17,046 * Tesco P.L.C. 60,219 138,414 Thomas Cook Group P.L.C. 25,906 37,533 Topps Tiles P.L.C. 4,341 4,743 TP ICAP P.L.C. 8,632 55,390 Travis Perkins P.L.C. 4,039 80,894 Trinity Mirror P.L.C. 7,656 10,559 TT Electronics P.L.C. 3,593 10,080 TUI AG(5666292) 2,519 39,719 TUI AG(B11LJN4) 2,234 35,107 * Tullow Oil P.L.C. 15,776 35,087 U & I Group P.L.C. 7,513 18,644 CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------- UNITED KINGDOM -- (Continued) UBM P.L.C. 4,692 $ 44,803 Ultra Electronics Holdings P.L.C. 1,481 40,933 # Unilever P.L.C. Sponsored ADR 4,082 232,633 United Utilities Group P.L.C. 2,092 24,791 Vesuvius P.L.C. 6,354 45,541 Virgin Money Holdings UK P.L.C. 5,875 22,105 Vodafone Group P.L.C. 38,905 114,045 Vodafone Group P.L.C. Sponsored ADR 9,842 292,121 Weir Group P.L.C. (The) 720 17,427 WH Smith P.L.C. 2,310 53,664 Whitbread P.L.C. 1,256 63,780 WM Morrison Supermarkets P.L.C. 34,789 110,337 Wolseley P.L.C. 1,318 78,699 WPP P.L.C. Sponsored ADR 717 73,105 ------------- TOTAL UNITED KINGDOM 15,516,277 ------------- UNITED STATES -- (0.1%) * Janus Henderson Group P.L.C. 1,915 63,245 ------------- TOTAL COMMON STOCKS 94,194,663 ------------- PREFERRED STOCKS -- (0.4%) GERMANY -- (0.4%) Bayerische Motoren Werke AG 207 16,495 Fuchs Petrolub SE 614 36,450 Jungheinrich AG 885 35,119 Porsche Automobil Holding SE 983 56,260 Villeroy & Boch AG 609 13,002 Volkswagen AG 1,614 248,216 ------------- TOTAL GERMANY 405,542 ------------- TOTAL PREFERRED STOCKS 405,542 ------------- RIGHTS/WARRANTS -- (0.0%) FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 3,472 -- ------------- TOTAL INVESTMENT SECURITIES 94,600,205 ------------- VALUE+ ------------- SECURITIES LENDING COLLATERAL -- (6.3%) (S)@. DFA Short Term Investment Fund 550,728 6,373,022 ------------- TOTAL INVESTMENTS -- (100.0%) (Cost $91,477,929)^^ $ 100,973,227 ============= CSTG&E INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ----------- ------- ------------ Common Stocks Australia $ 458,640 $ 5,412,814 -- $ 5,871,454 Austria -- 584,719 -- 584,719 Belgium -- 1,200,099 -- 1,200,099 Canada 8,715,966 -- -- 8,715,966 Denmark -- 1,152,720 -- 1,152,720 Finland 316,301 1,544,678 -- 1,860,979 France 295,194 7,317,119 -- 7,612,313 Germany 354,489 6,156,883 -- 6,511,372 Hong Kong -- 2,735,352 -- 2,735,352 Ireland 118,055 391,742 -- 509,797 Israel -- 465,754 -- 465,754 Italy 333,388 2,418,825 -- 2,752,213 Japan 780,735 21,747,799 -- 22,528,534 Netherlands 482,445 2,112,430 -- 2,594,875 New Zealand -- 336,624 -- 336,624 Norway 61,225 804,198 -- 865,423 Portugal -- 340,267 -- 340,267 Singapore -- 1,040,410 -- 1,040,410 Spain 520,869 2,412,437 -- 2,933,306 Sweden 110,441 2,855,498 -- 2,965,939 Switzerland 332,068 4,704,957 -- 5,037,025 United Kingdom 3,225,498 12,290,779 -- 15,516,277 United States -- 63,245 -- 63,245 Preferred Stocks Germany -- 405,542 -- 405,542 Securities Lending Collateral -- 6,373,022 -- 6,373,022 ----------- ----------- -- ------------ TOTAL $16,105,314 $84,867,913 -- $100,973,227 =========== =========== == ============ WORLD CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ---------- ------------ AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 11,510,965 $241,500,048 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 13,027,763 177,568,416 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 2,657,737 57,274,242 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $406,224,492) 476,342,706 ------------ TEMPORARY CASH INVESTMENTS -- (0.0%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $217,330) 217,330 217,330 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $406,441,822)^^ $476,560,036 ============ WORLD CORE EQUITY PORTFOLIO CONTINUED Summary of the Fund's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------- ------- ------------ Affiliated Investment Companies $476,342,706 -- -- $476,342,706 Temporary Cash Investments 217,330 -- -- 217,330 ------------ -- -- ------------ TOTAL $476,560,036 -- -- $476,560,036 ============ == == ============ DFA LTIP PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^^^ (000) VALUE+ --------- ------------ U.S. TREASURY OBLIGATIONS -- (100.0%) Treasury Inflation Protected Security 0.625%, 02/15/43 $23,842 $ 23,308,821 1.375%, 02/15/44 20,628 23,539,265 0.750%, 02/15/45 31,831 31,009,602 1.000%, 02/15/46 30,290 31,204,647 ------------ TOTAL U.S. TREASURY OBLIGATIONS 109,062,335 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $109,097,889)^^ $109,062,335 ============ DFA LTIP PORTFOLIO CONTINUED Summary of the Fund's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ U.S. Treasury Obligations -- $109,062,335 -- $109,062,335 -- ------------ -- ------------ TOTAL -- $109,062,335 -- $109,062,335 == ============ == ============ U.S. SOCIAL CORE EQUITY 2 PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------ ---------- COMMON STOCKS -- (91.1%) Consumer Discretionary -- (15.2%) * 1-800-Flowers.com, Inc. Class A 4,043 $ 39,015 A.H. Belo Corp. Class A 1,763 9,344 Aaron's, Inc. 8,757 405,274 Abercrombie & Fitch Co. Class A 16,833 165,637 Adient P.L.C. 7,618 498,750 Adtalem Global Education, Inc. 9,019 293,117 Advance Auto Parts, Inc. 6,204 694,910 * Amazon.com, Inc. 6,810 6,726,782 # AMC Entertainment Holdings, Inc. Class A 8,114 165,526 #* AMC Networks, Inc. Class A 4,296 274,729 * America's Car-Mart, Inc. 1,100 43,120 * American Axle & Manufacturing Holdings, Inc. 13,796 203,353 American Eagle Outfitters, Inc. 27,398 324,392 #* American Outdoor Brands Corp. 10,000 206,700 * American Public Education, Inc. 2,102 44,773 Aramark 29,157 1,162,198 Ark Restaurants Corp. 120 2,729 * Asbury Automotive Group, Inc. 4,542 245,268 * Ascena Retail Group, Inc. 5,244 12,271 * Ascent Capital Group, Inc. Class A 1,761 29,761 # Autoliv, Inc. 5,692 616,956 #* AutoNation, Inc. 16,258 689,014 #* AutoZone, Inc. 400 215,928 #* AV Homes, Inc. 3,606 57,876 * Ballantyne Strong, Inc. 900 6,120 * Barnes & Noble Education, Inc. 6,289 45,469 Barnes & Noble, Inc. 7,754 63,195 Bassett Furniture Industries, Inc. 1,200 44,640 * Beazer Homes USA, Inc. 4,142 54,923 # Bed Bath & Beyond, Inc. 14,815 442,968 * Belmond, Ltd. Class A 10,260 133,893 Best Buy Co., Inc. 35,096 2,047,501 # Big 5 Sporting Goods Corp. 3,788 40,721 # Big Lots, Inc. 10,360 514,581 * Biglari Holdings, Inc. 307 114,916 * Black Diamond, Inc. 1,800 11,700 Bloomin' Brands, Inc. 15,555 271,124 Bob Evans Farms, Inc. 3,398 235,074 * Bojangles', Inc. 6,746 89,722 #* Boot Barn Holdings, Inc. 3,100 24,831 # BorgWarner, Inc. 13,112 612,855 * Bridgepoint Education, Inc. 6,286 61,037 * Bright Horizons Family Solutions, Inc. 4,941 390,388 Brinker International, Inc. 4,705 166,886 Brunswick Corp. 12,064 682,943 # Buckle, Inc. (The) 1,193 20,400 * Build-A-Bear Workshop, Inc. 2,400 23,040 * Burlington Stores, Inc. 2,639 229,672 * Cabela's, Inc. 9,090 517,948 # Cable One, Inc. 576 437,702 CalAtlantic Group, Inc. 14,066 493,717 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Caleres, Inc. 5,530 $ 150,858 Callaway Golf Co. 19,454 247,649 * Cambium Learning Group, Inc. 5,662 27,857 Capella Education Co. 2,338 160,621 * Career Education Corp. 8,848 74,412 #* CarMax, Inc. 16,647 1,102,864 Carnival Corp. 12,349 824,666 # Carriage Services, Inc. 2,352 57,365 * Carrols Restaurant Group, Inc. 8,663 105,689 Carter's, Inc. 5,223 452,991 Cato Corp. (The) Class A 2,682 45,621 * Cavco Industries, Inc. 880 114,752 CBS Corp. Class B 9,028 594,313 CBS Corp. Class A 234 15,465 * Century Communities, Inc. 2,954 76,509 * Charter Communications, Inc. Class A 9,710 3,805,446 # Cheesecake Factory, Inc. (The) 5,477 260,596 * Cherokee, Inc. 813 4,268 Chico's FAS, Inc. 20,302 185,763 # Children's Place, Inc. (The) 3,543 374,318 #* Chipotle Mexican Grill, Inc. 300 103,131 Choice Hotels International, Inc. 4,000 258,600 Cinemark Holdings, Inc. 17,574 683,629 Citi Trends, Inc. 2,312 51,211 Clear Channel Outdoor Holdings, Inc. Class A 5,653 28,661 ClubCorp Holdings, Inc. 12,124 205,502 Coach, Inc. 30,769 1,450,451 Collectors Universe, Inc. 1,300 32,344 Columbia Sportswear Co. 7,504 454,592 Comcast Corp. Class A 284,148 11,493,787 #* Conn's, Inc. 3,060 65,484 # Cooper Tire & Rubber Co. 8,241 301,209 * Cooper-Standard Holdings, Inc. 2,444 249,923 # Cracker Barrel Old Country Store, Inc. 2,272 353,182 * Crocs, Inc. 5,923 47,029 CSS Industries, Inc. 770 20,613 Culp, Inc. 1,923 57,690 Dana, Inc. 29,250 693,810 Darden Restaurants, Inc. 2,842 238,387 * Deckers Outdoor Corp. 3,837 248,868 #* Del Taco Restaurants, Inc. 5,595 73,239 Delphi Automotive P.L.C. 4,085 369,366 * Delta Apparel, Inc. 600 12,618 * Denny's Corp. 7,032 79,884 * Destination Maternity Corp. 1,363 2,085 #* Destination XL Group, Inc. 6,598 13,196 Dick's Sporting Goods, Inc. 11,003 410,852 # Dillard's, Inc. Class A 4,423 326,506 # DineEquity, Inc. 3,003 123,543 #* Discovery Communications, Inc. Class A 14,405 354,363 * Discovery Communications, Inc. Class C 21,824 504,789 * DISH Network Corp. Class A 5,646 361,513 * Dixie Group, Inc. (The) 1,369 5,818 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) Dollar General Corp. 24,963 $1,876,219 * Dollar Tree, Inc. 18,129 1,306,738 # Domino's Pizza, Inc. 1,200 223,800 * Dorman Products, Inc. 4,560 356,045 DR Horton, Inc. 26,794 956,278 Drive Shack, Inc. 7,528 23,036 DSW, Inc. Class A 11,019 198,783 # Dunkin' Brands Group, Inc. 5,599 296,915 * El Pollo Loco Holdings, Inc. 2,507 32,591 # Entercom Communications Corp. Class A 4,085 40,237 Entravision Communications Corp. Class A 9,735 63,277 Escalade, Inc. 1,450 17,907 Ethan Allen Interiors, Inc. 3,700 118,585 #* Etsy, Inc. 3,013 43,297 * EVINE Live, Inc. 2,197 2,614 #* EW Scripps Co. (The) Class A 9,315 183,040 # Expedia, Inc. 7,671 1,200,281 * Express, Inc. 11,471 69,514 Extended Stay America, Inc. 38,125 753,731 * Fiesta Restaurant Group, Inc. 3,560 59,808 # Finish Line, Inc. (The) Class A 5,243 72,144 * Five Below, Inc. 8,211 396,673 Flexsteel Industries, Inc. 1,012 56,652 # Foot Locker, Inc. 11,339 535,087 Ford Motor Co. 216,066 2,424,261 #* Fossil Group, Inc. 3,773 42,446 * Fox Factory Holding Corp. 5,023 193,134 * Francesca's Holdings Corp. 9,125 88,786 # Fred's, Inc. Class A 4,237 28,684 * FTD Cos., Inc. 3,598 70,701 #* G-III Apparel Group, Ltd. 6,417 167,035 #* Gaia, Inc. 1,300 15,665 # GameStop Corp. Class A 16,305 353,655 Gannett Co., Inc. 14,062 126,136 # Gap, Inc. (The) 39,208 934,327 # Garmin, Ltd. 10,234 513,644 General Motors Co. 79,948 2,876,529 * Genesco, Inc. 2,574 82,625 Gentex Corp. 31,392 534,292 * Gentherm, Inc. 5,012 167,651 Genuine Parts Co. 13,460 1,143,158 #* Global Eagle Entertainment, Inc. 8,500 26,860 Goodyear Tire & Rubber Co. (The) 27,583 869,140 Graham Holdings Co. Class B 507 300,347 * Grand Canyon Education, Inc. 7,428 546,478 * Gray Television, Inc. 10,293 153,366 * Green Brick Partners, Inc. 5,861 65,936 Group 1 Automotive, Inc. 2,694 160,428 # Guess?, Inc. 9,148 119,473 H&R Block, Inc. 10,664 325,252 #* Habit Restaurants, Inc. (The) Class A 2,378 39,118 # Hanesbrands, Inc. 10,600 242,952 # Harley-Davidson, Inc. 19,445 946,388 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) Hasbro, Inc. 3,246 $ 343,686 Haverty Furniture Cos., Inc. 2,579 57,383 * Helen of Troy, Ltd. 3,020 304,265 * Hibbett Sports, Inc. 2,337 36,457 * Hilton Grand Vacations, Inc. 6,481 238,242 Hilton Worldwide Holdings, Inc. 4,312 269,629 Home Depot, Inc. (The) 19,997 2,991,551 Hooker Furniture Corp. 1,478 62,372 #* Horizon Global Corp. 3,114 43,409 * Houghton Mifflin Harcourt Co. 24,100 287,995 * Hovnanian Enterprises, Inc. Class A 4,171 9,176 HSN, Inc. 8,182 324,416 * Hyatt Hotels Corp. Class A 3,444 191,383 #* Iconix Brand Group, Inc. 3,851 25,686 ILG, Inc. 17,371 460,505 * IMAX Corp. 1,511 32,335 * Installed Building Products, Inc. 3,682 198,092 Interpublic Group of Cos., Inc. (The) 43,675 943,817 * Intrawest Resorts Holdings, Inc. 8,082 191,947 #* iRobot Corp. 2,839 299,543 Jack in the Box, Inc. 2,415 224,015 #* JC Penney Co., Inc. 51,435 278,263 John Wiley & Sons, Inc. Class A 6,474 357,688 John Wiley & Sons, Inc. Class B 312 17,266 Johnson Outdoors, Inc. Class A 1,404 70,930 * K12, Inc. 4,878 86,389 # KB Home 9,912 227,183 * Kirkland's, Inc. 2,193 20,505 # Kohl's Corp. 19,953 825,057 # L Brands, Inc. 2,900 134,531 * La Quinta Holdings, Inc. 15,370 229,167 La-Z-Boy, Inc. 5,880 198,744 * Lakeland Industries, Inc. 1,000 15,050 * Lands' End, Inc. 1,188 16,038 # LCI Industries 5,854 624,914 Lear Corp. 6,899 1,022,363 #* Lee Enterprises, Inc. 1,100 2,035 # Leggett & Platt, Inc. 4,750 228,855 Lennar Corp. Class A 15,478 811,666 Lennar Corp. Class B 1,055 46,916 Libbey, Inc. 2,657 23,913 * Liberty Broadband Corp. Class A 1,518 150,161 * Liberty Broadband Corp. Class C 9,570 949,153 * Liberty Expedia Holdings, Inc. Class A 1,706 97,327 * Liberty Interactive Corp., QVC Group Class A 28,584 684,301 * Liberty Media Corp.-Liberty Braves Class A 363 9,162 * Liberty Media Corp.-Liberty Braves Class C 833 21,017 #* Liberty Media Corp.-Liberty Formula One Class A 907 30,611 * Liberty Media Corp.-Liberty Formula One Class C 2,083 73,259 * Liberty Media Corp.-Liberty SiriusXM Class A 3,630 167,452 * Liberty Media Corp.-Liberty SiriusXM Class C 8,335 383,410 Liberty Tax, Inc. 1,484 20,924 * Liberty TripAdvisor Holdings, Inc. Class A 7,556 88,783 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) * Liberty Ventures Series A 7,238 $ 438,478 Lifetime Brands, Inc. 1,597 30,263 #* Lindblad Expeditions Holdings, Inc. 6,113 61,191 # Lions Gate Entertainment Corp. Class A 6,968 204,859 * Lions Gate Entertainment Corp. Class B 10,919 300,382 # Lithia Motors, Inc. Class A 3,788 391,111 * Live Nation Entertainment, Inc. 15,518 578,356 * LKQ Corp. 19,508 674,196 Lowe's Cos., Inc. 13,724 1,062,238 * Luby's, Inc. 1,850 5,309 #* Lululemon Athletica, Inc. 2,968 182,948 #* Lumber Liquidators Holdings, Inc. 1,700 42,007 * M/I Homes, Inc. 3,235 83,916 Macy's, Inc. 30,310 719,862 * Madison Square Garden Co. (The) Class A 1,919 421,643 * Malibu Boats, Inc. Class A 3,437 98,333 Marcus Corp. (The) 2,100 57,120 Marine Products Corp. 5,029 73,021 * MarineMax, Inc. 5,703 85,260 Marriott International, Inc. Class A 4,049 421,865 Marriott Vacations Worldwide Corp. 3,388 395,888 # Mattel, Inc. 17,822 356,796 #* McClatchy Co. (The) Class A 656 5,248 McDonald's Corp. 10,952 1,699,093 MDC Holdings, Inc. 7,106 243,665 (degrees) Media General, Inc. 13,638 27,549 # Meredith Corp. 5,321 316,333 * Meritage Homes Corp. 5,126 208,884 * Michael Kors Holdings, Ltd. 18,495 673,958 * Michaels Cos., Inc. (The) 10,600 213,484 * Modine Manufacturing Co. 6,109 99,271 * Mohawk Industries, Inc. 4,859 1,209,842 # Monro Muffler Brake, Inc. 4,061 189,243 #* Motorcar Parts of America, Inc. 2,723 76,162 Movado Group, Inc. 1,800 44,280 * MSG Networks, Inc. Class A 5,843 125,040 #* Murphy USA, Inc. 7,259 549,724 NACCO Industries, Inc. Class A 500 32,800 * Nathan's Famous, Inc. 600 37,500 National CineMedia, Inc. 5,258 37,595 #* Nautilus, Inc. 4,510 79,376 * Netflix, Inc. 1,604 291,383 * New Home Co., Inc. (The) 1,900 20,539 New Media Investment Group, Inc. 5,400 75,276 * New York & Co., Inc. 5,501 8,582 New York Times Co. (The) Class A 19,014 361,266 News Corp. Class A 24,983 357,507 News Corp. Class B 11,329 166,536 Nexstar Media Group, Inc. Class A 7,328 479,251 NIKE, Inc. Class B 20,759 1,225,819 # Nordstrom, Inc. 5,987 290,789 * Norwegian Cruise Line Holdings, Ltd. 15,284 841,690 Nutrisystem, Inc. 3,889 216,812 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) * NVR, Inc. 193 $ 503,815 #* O'Reilly Automotive, Inc. 1,819 371,622 Office Depot, Inc. 68,421 401,631 #* Ollie's Bargain Outlet Holdings, Inc. 6,615 295,690 # Omnicom Group, Inc. 6,869 540,865 * Overstock.com, Inc. 4,192 67,072 Oxford Industries, Inc. 2,746 173,355 # Papa John's International, Inc. 2,782 198,440 #* Party City Holdco, Inc. 9,005 125,620 Penske Automotive Group, Inc. 11,375 495,267 * Perfumania Holdings, Inc. 260 406 * Perry Ellis International, Inc. 1,810 35,548 PetMed Express, Inc. 3,666 174,282 * PICO Holdings, Inc. 3,320 53,950 Pier 1 Imports, Inc. 9,720 44,809 Planet Fitness, Inc. Class A 8,283 187,693 # Polaris Industries, Inc. 6,719 602,426 Pool Corp. 2,790 301,655 * Potbelly Corp. 2,522 29,003 * Priceline Group, Inc. (The) 635 1,288,097 PulteGroup, Inc. 22,403 547,081 PVH Corp. 5,418 646,313 # Ralph Lauren Corp. 3,195 241,702 * Reading International, Inc. Class A 2,550 40,698 * Red Lion Hotels Corp. 3,317 23,717 * Red Robin Gourmet Burgers, Inc. 1,987 118,823 # Regal Entertainment Group Class A 7,331 139,436 * Regis Corp. 6,020 63,391 # Rent-A-Center, Inc. 5,617 74,257 #* RH 3,400 221,442 Rocky Brands, Inc. 402 5,608 Ross Stores, Inc. 6,392 353,605 Royal Caribbean Cruises, Ltd. 13,694 1,548,381 * Ruby Tuesday, Inc. 6,655 13,443 Saga Communications, Inc. Class A 347 13,481 Salem Media Group, Inc. 1,500 10,725 #* Sally Beauty Holdings, Inc. 6,985 141,307 Scholastic Corp. 4,212 174,503 # Scripps Networks Interactive, Inc. Class A 10,952 957,314 # SeaWorld Entertainment, Inc. 16,384 251,986 * Select Comfort Corp. 5,337 180,444 #* Sequential Brands Group, Inc. 4,898 15,723 Service Corp. International 10,389 360,810 * ServiceMaster Global Holdings, Inc. 14,294 628,364 #* Shake Shack, Inc. Class A 1,307 43,144 * Shiloh Industries, Inc. 1,671 12,399 Shoe Carnival, Inc. 2,230 40,720 * Shutterfly, Inc. 4,450 218,228 # Signet Jewelers, Ltd. 5,698 348,490 Sinclair Broadcast Group, Inc. Class A 11,560 416,738 # Sirius XM Holdings, Inc. 24,215 141,900 # Six Flags Entertainment Corp. 5,071 288,388 * Skechers U.S.A., Inc. Class A 18,038 506,687 * Skyline Corp. 400 2,988 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) Sonic Automotive, Inc. Class A 4,084 $ 74,125 # Sonic Corp. 4,075 96,414 * Sotheby's 5,975 338,125 Speedway Motorsports, Inc. 4,514 95,968 #* Sportsman's Warehouse Holdings, Inc. 2,963 13,422 Standard Motor Products, Inc. 2,969 149,578 Staples, Inc. 50,484 512,413 Starbucks Corp. 22,919 1,237,168 # Stein Mart, Inc. 3,102 4,312 * Steven Madden, Ltd. 8,211 336,651 * Stoneridge, Inc. 5,645 86,143 Strattec Security Corp. 400 14,200 Strayer Education, Inc. 2,038 160,228 Sturm Ruger & Co., Inc. 2,739 157,766 Superior Industries International, Inc. 2,981 58,279 Superior Uniform Group, Inc. 1,686 37,648 # Target Corp. 26,792 1,518,303 * Taylor Morrison Home Corp. Class A 6,901 156,101 TEGNA, Inc. 33,930 503,182 #* Tempur Sealy International, Inc. 4,072 234,832 Tenneco, Inc. 9,282 513,295 * Tesla, Inc. 320 103,510 Texas Roadhouse, Inc. 7,428 351,344 Thor Industries, Inc. 8,325 877,039 # Tiffany & Co. 9,147 873,630 # Tile Shop Holdings, Inc. 6,244 91,162 Tilly's, Inc. Class A 1,998 19,940 Time Warner, Inc. 32,617 3,340,633 Time, Inc. 11,133 156,419 TJX Cos., Inc. (The) 10,183 715,967 Toll Brothers, Inc. 13,352 515,254 * TopBuild Corp. 4,976 262,633 Tower International, Inc. 3,480 85,956 * Townsquare Media, Inc. Class A 1,300 14,378 # Tractor Supply Co. 7,473 419,385 * Trans World Entertainment Corp. 200 350 * TRI Pointe Group, Inc. 20,623 274,286 #* TripAdvisor, Inc. 5,381 209,967 * tronc, Inc. 3,634 46,406 #* Tuesday Morning Corp. 4,854 8,980 Tupperware Brands Corp. 3,167 192,269 Twenty-First Century Fox, Inc. Class A 32,071 933,266 Twenty-First Century Fox, Inc. Class B 19,248 552,225 * UCP, Inc. Class A 354 3,947 * Ulta Salon Cosmetics & Fragrance, Inc. 2,793 701,630 #* Under Armour, Inc. Class A 5,054 101,181 #* Under Armour, Inc. Class C 4,816 87,218 * Unifi, Inc. 2,302 75,414 * Universal Electronics, Inc. 1,382 94,598 * Universal Technical Institute, Inc. 1,356 4,827 #* Urban Outfitters, Inc. 16,186 317,084 * US Auto Parts Network, Inc. 4,356 11,369 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Consumer Discretionary -- (Continued) Vail Resorts, Inc. 1,266 $ 266,822 * Vera Bradley, Inc. 3,500 35,280 # VF Corp. 4,656 289,557 # Viacom, Inc. Class A 1,446 58,563 Viacom, Inc. Class B 36,158 1,262,637 * Vista Outdoor, Inc. 6,102 140,895 * Visteon Corp. 4,374 487,876 * Vitamin Shoppe, Inc. 2,704 29,744 * VOXX International Corp. 2,097 14,050 Walt Disney Co. (The) 48,848 5,369,861 * Weight Watchers International, Inc. 1,012 36,250 # Wendy's Co. (The) 34,658 535,120 West Marine, Inc. 3,572 46,043 Weyco Group, Inc. 1,047 29,190 Whirlpool Corp. 5,856 1,041,665 #* William Lyon Homes Class A 3,719 84,087 # Williams-Sonoma, Inc. 14,947 693,989 * Wingstop, Inc. 2,914 87,449 Winmark Corp. 400 53,220 Winnebago Industries, Inc. 4,386 161,405 Wolverine World Wide, Inc. 11,544 325,541 # World Wrestling Entertainment, Inc. Class A 3,484 73,721 Wyndham Worldwide Corp. 4,536 473,422 Yum! Brands, Inc. 4,438 334,980 * ZAGG, Inc. 4,743 40,078 * Zumiez, Inc. 3,207 40,729 ------------ Total Consumer Discretionary 148,479,558 ------------ Consumer Staples -- (5.1%) # Alico, Inc. 938 28,328 Andersons, Inc. (The) 4,253 146,516 Archer-Daniels-Midland Co. 18,413 776,660 #* Avon Products, Inc. 35,845 130,476 # B&G Foods, Inc. 9,318 337,777 #* Blue Buffalo Pet Products, Inc. 12,657 283,137 Bunge, Ltd. 10,789 845,750 #* Cal-Maine Foods, Inc. 4,136 157,788 # Calavo Growers, Inc. 2,692 199,343 Campbell Soup Co. 10,889 575,266 # Casey's General Stores, Inc. 6,102 651,388 * Central Garden & Pet Co. 1,889 60,448 * Central Garden & Pet Co. Class A 7,956 244,726 #* Chefs' Warehouse, Inc. (The) 3,320 48,140 Clorox Co. (The) 3,677 490,843 Coca-Cola Bottling Co. Consolidated 1,245 298,912 Coca-Cola Co. (The) 71,798 3,291,220 Colgate-Palmolive Co. 9,798 707,416 Conagra Brands, Inc. 19,872 680,417 Costco Wholesale Corp. 9,115 1,444,819 # Coty, Inc. Class A 46,743 957,297 CVS Health Corp. 45,874 3,666,709 * Darling Ingredients, Inc. 21,136 343,883 Dean Foods Co. 15,230 228,450 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Staples -- (Continued) Dr Pepper Snapple Group, Inc. 6,679 $ 608,858 * Edgewell Personal Care Co. 6,297 454,643 Energizer Holdings, Inc. 3,197 147,286 * Farmer Brothers Co. 2,029 63,203 # Flowers Foods, Inc. 25,823 454,226 Fresh Del Monte Produce, Inc. 4,700 241,909 General Mills, Inc. 10,778 599,903 #* Hain Celestial Group, Inc. (The) 10,183 455,282 #* Herbalife, Ltd. 3,400 226,134 # Hormel Foods Corp. 30,622 1,046,354 * Hostess Brands, Inc. 10,204 155,917 * HRG Group, Inc. 22,278 369,146 Ingles Markets, Inc. Class A 1,914 56,463 Ingredion, Inc. 7,690 948,331 Inter Parfums, Inc. 3,375 130,950 #* Inventure Foods, Inc. 2,048 7,987 J&J Snack Foods Corp. 2,419 317,857 JM Smucker Co. (The) 7,408 903,035 # John B. Sanfilippo & Son, Inc. 1,172 75,383 Kellogg Co. 3,182 216,376 Kimberly-Clark Corp. 4,348 535,500 Kraft Heinz Co. (The) 19,059 1,666,900 Kroger Co. (The) 21,913 537,307 Lamb Weston Holdings, Inc. 3,368 148,125 Lancaster Colony Corp. 2,193 268,906 * Landec Corp. 3,686 45,338 * Lifevantage Corp. 1,400 5,320 * Lifeway Foods, Inc. 2,341 21,467 Limoneira Co. 1,022 23,261 Mannatech, Inc. 40 650 # McCormick & Co., Inc. Non-Voting 3,264 311,059 McCormick & Co., Inc. Voting 90 8,575 Medifast, Inc. 2,381 101,645 * Monster Beverage Corp. 3,604 190,111 # National Beverage Corp. 2,957 301,969 * Natural Alternatives International, Inc. 920 9,200 #* Natural Grocers by Vitamin Cottage, Inc. 2,621 23,091 Natural Health Trends Corp. 1,566 38,571 Nature's Sunshine Products, Inc. 1,300 16,445 Nu Skin Enterprises, Inc. Class A 8,119 514,420 Nutraceutical International Corp. 930 38,874 Oil-Dri Corp. of America 877 36,273 Omega Protein Corp. 2,990 47,840 Orchids Paper Products Co. 1,452 16,349 PepsiCo, Inc. 23,169 2,701,737 * Performance Food Group Co. 14,019 403,747 #* Pilgrim's Pride Corp. 11,686 283,853 Pinnacle Foods, Inc. 5,985 355,389 #* Post Holdings, Inc. 9,398 781,914 PriceSmart, Inc. 3,829 322,593 * Primo Water Corp. 2,141 26,570 * Revlon, Inc. Class A 3,472 67,878 #* Rite Aid Corp. 23,781 53,269 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Staples -- (Continued) Rocky Mountain Chocolate Factory, Inc. 400 $ 4,756 Sanderson Farms, Inc. 3,290 430,167 Seaboard Corp. 48 205,200 * Seneca Foods Corp. Class A 1,000 28,700 #* Smart & Final Stores, Inc. 3,900 33,540 # Snyder's-Lance, Inc. 9,200 320,068 SpartanNash Co. 4,769 132,292 # Spectrum Brands Holdings, Inc. 2,622 302,684 * Sprouts Farmers Market, Inc. 21,236 511,150 * SUPERVALU, Inc. 24,212 86,679 Sysco Corp. 9,090 478,316 # Tootsie Roll Industries, Inc. 2,580 95,976 #* TreeHouse Foods, Inc. 5,010 424,998 Tyson Foods, Inc. Class A 14,633 927,147 * United Natural Foods, Inc. 6,471 249,328 * USANA Health Sciences, Inc. 4,596 262,432 Village Super Market, Inc. Class A 1,203 29,750 Wal-Mart Stores, Inc. 91,311 7,303,967 Walgreens Boots Alliance, Inc. 35,572 2,869,593 # WD-40 Co. 1,670 178,105 Weis Markets, Inc. 3,323 157,211 Whole Foods Market, Inc. 25,096 1,048,009 ----------- Total Consumer Staples 50,059,166 ----------- Energy -- (5.4%) Adams Resources & Energy, Inc. 617 23,440 Anadarko Petroleum Corp. 9,133 417,104 Andeavor 21,723 2,162,090 #* Antero Resources Corp. 14,383 296,577 # Apache Corp. 9,488 469,466 #* Approach Resources, Inc. 4,800 15,024 Archrock, Inc. 7,171 78,522 Ardmore Shipping Corp. 1,353 10,756 #* Atwood Oceanics, Inc. 7,840 61,622 Baker Hughes a GE Co. 8,539 315,004 * Bill Barrett Corp. 5,529 18,688 # Bristow Group, Inc. 5,013 36,946 Cabot Oil & Gas Corp. 9,210 229,053 #* Callon Petroleum Co. 11,098 125,629 #* CARBO Ceramics, Inc. 2,747 19,421 Cheniere Energy Partners L.P. Holdings LLC 1,223 32,006 #* Cheniere Energy, Inc. 6,365 287,698 #* Chesapeake Energy Corp. 50,518 250,569 Chevron Corp. 60,114 6,563,848 Cimarex Energy Co. 1,554 153,893 * Clean Energy Fuels Corp. 6,211 16,273 * Cloud Peak Energy, Inc. 1,263 4,370 * Concho Resources, Inc. 5,289 688,945 ConocoPhillips 34,586 1,569,167 #* CONSOL Energy, Inc. 19,998 335,166 * Contango Oil & Gas Co. 3,481 20,886 #* Continental Resources, Inc. 1,944 64,988 # Core Laboratories NV 3,256 327,326 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) # CVR Energy, Inc. 4,948 $ 93,567 * Dawson Geophysical Co. 3,162 12,680 Delek US Holdings, Inc. 12,011 313,607 #* Denbury Resources, Inc. 40,885 59,692 Devon Energy Corp. 17,570 585,257 DHT Holdings, Inc. 9,539 39,682 * Diamond Offshore Drilling, Inc. 8,108 100,701 #* Diamondback Energy, Inc. 4,013 384,766 #* Dorian LPG, Ltd. 6,121 44,071 #* Dril-Quip, Inc. 4,778 213,099 #* Earthstone Energy, Inc. Class A 2,192 21,635 * Eclipse Resources Corp. 34,062 95,714 * Energen Corp. 6,544 348,664 * ENGlobal Corp. 1,300 1,625 # EnLink Midstream LLC 10,289 180,572 # Ensco P.L.C. Class A 30,200 159,758 EOG Resources, Inc. 7,193 684,342 #* EP Energy Corp. Class A 11,960 40,425 # EQT Corp. 4,645 295,887 * Era Group, Inc. 2,969 26,008 Evolution Petroleum Corp. 4,359 37,487 * Exterran Corp. 5,185 143,573 Exxon Mobil Corp. 129,453 10,361,418 #* Forum Energy Technologies, Inc. 12,589 166,804 # Frank's International NV 8,700 70,470 # GasLog, Ltd. 5,790 105,668 Green Plains, Inc. 5,506 108,744 Gulf Island Fabrication, Inc. 2,558 29,161 * Gulfport Energy Corp. 7,156 90,309 Hallador Energy Co. 3,488 24,032 Halliburton Co. 6,148 260,921 * Helix Energy Solutions Group, Inc. 19,274 126,052 # Helmerich & Payne, Inc. 6,428 325,385 # Hess Corp. 18,041 803,546 HollyFrontier Corp. 18,305 527,916 * International Seaways, Inc. 4,298 98,037 #* Jones Energy, Inc. Class A 1,622 2,433 Kinder Morgan, Inc. 54,862 1,120,831 #* Kosmos Energy, Ltd. 31,765 209,649 #* Laredo Petroleum, Inc. 18,122 234,861 Marathon Oil Corp. 45,746 559,474 Marathon Petroleum Corp. 28,887 1,617,383 #* Matador Resources Co. 6,459 156,695 * Matrix Service Co. 3,400 35,190 * McDermott International, Inc. 38,537 260,895 * Mitcham Industries, Inc. 900 3,573 # Murphy Oil Corp. 14,085 374,379 Nabors Industries, Ltd. 29,855 230,182 National Oilwell Varco, Inc. 20,394 667,088 * Natural Gas Services Group, Inc. 1,608 40,120 * Newfield Exploration Co. 1,237 35,539 * Newpark Resources, Inc. 15,130 126,336 # Noble Corp. P.L.C. 26,750 107,000 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Energy -- (Continued) Noble Energy, Inc. 25,930 $ 749,636 # Nordic American Tankers, Ltd. 168 988 #* Northern Oil and Gas, Inc. 3,834 4,793 * Oasis Petroleum, Inc. 24,098 187,482 Occidental Petroleum Corp. 12,761 790,289 Oceaneering International, Inc. 13,008 333,655 * Oil States International, Inc. 6,592 163,811 ONEOK, Inc. 11,951 676,068 * Pacific Ethanol, Inc. 4,800 30,000 Panhandle Oil and Gas, Inc. Class A 1,762 38,764 #* Par Pacific Holdings, Inc. 3,933 70,440 * Parker Drilling Co. 17,479 20,975 * Parsley Energy, Inc. Class A 7,197 210,728 Patterson-UTI Energy, Inc. 15,658 302,826 # PBF Energy, Inc. Class A 11,865 270,166 * PDC Energy, Inc. 6,449 304,135 * PHI, Inc. Non-Voting 1,325 12,853 Phillips 66 13,888 1,163,120 * Pioneer Energy Services Corp. 8,189 18,016 Pioneer Natural Resources Co. 2,893 471,848 * QEP Resources, Inc. 13,630 116,809 # Range Resources Corp. 6,245 131,832 #* Renewable Energy Group, Inc. 4,824 60,300 * REX American Resources Corp. 885 88,482 * Rice Energy, Inc. 20,252 566,448 * RigNet, Inc. 1,558 29,524 #* Ring Energy, Inc. 4,350 56,811 #* Rowan Cos. P.L.C. Class A 17,328 202,218 # RPC, Inc. 3,600 74,556 * RSP Permian, Inc. 9,232 317,212 Schlumberger, Ltd. 25,741 1,765,833 Scorpio Tankers, Inc. 27,199 100,908 * SEACOR Holdings, Inc. 2,286 77,930 * SEACOR Marine Holdings, Inc. 2,298 33,505 SemGroup Corp. Class A 7,637 206,581 # Ship Finance International, Ltd. 7,432 101,075 SM Energy Co. 3,068 53,353 #* SRC Energy, Inc. 26,286 223,694 #* Superior Energy Services, Inc. 18,649 200,663 Targa Resources Corp. 11,124 516,265 * TechnipFMC P.L.C. 25,005 713,643 # Teekay Corp. 5,911 57,928 # Teekay Tankers, Ltd. Class A 4,200 7,560 #* Tesco Corp. 5,458 25,107 * TETRA Technologies, Inc. 11,249 31,610 #* Transocean, Ltd. 31,842 275,433 * Unit Corp. 6,753 121,419 # US Silica Holdings, Inc. 6,008 175,013 Valero Energy Corp. 23,933 1,650,659 #* Weatherford International P.L.C. 85,291 380,398 #* Whiting Petroleum Corp. 28,797 151,184 * Willbros Group, Inc. 549 1,120 Williams Cos., Inc. (The) 18,985 603,343 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) World Fuel Services Corp. 8,326 $ 269,263 * WPX Energy, Inc. 35,569 383,434 ----------- Total Energy 52,949,086 ----------- Financials -- (19.3%) 1st Constitution Bancorp 749 12,845 1st Source Corp. 3,709 182,112 A-Mark Precious Metals, Inc. 1,195 18,009 Access National Corp. 1,915 50,920 ACNB Corp. 198 5,633 Affiliated Managers Group, Inc. 3,228 599,859 Aflac, Inc. 15,298 1,220,015 * Alleghany Corp. 997 611,500 * Allegiance Bancshares, Inc. 1,516 56,926 Allstate Corp. (The) 13,665 1,243,515 # Ally Financial, Inc. 44,961 1,017,917 * Ambac Financial Group, Inc. 5,554 113,468 American Equity Investment Life Holding Co. 13,414 359,227 American Express Co. 30,083 2,563,974 American Financial Group, Inc. 6,575 666,705 American International Group, Inc. 31,071 2,033,597 American National Bankshares, Inc. 1,300 49,075 American National Insurance Co. 1,834 218,246 Ameriprise Financial, Inc. 9,935 1,439,383 Ameris Bancorp 4,148 189,978 AMERISAFE, Inc. 2,385 137,734 AmeriServ Financial, Inc. 300 1,185 # Amtrust Financial Services, Inc. 23,027 368,432 Aon P.L.C. 4,819 665,841 * Arch Capital Group, Ltd. 8,502 826,905 Argo Group International Holdings, Ltd. 4,334 259,823 Arrow Financial Corp. 2,103 68,558 # Arthur J Gallagher & Co. 7,572 445,158 # Artisan Partners Asset Management, Inc. Class A 7,018 233,348 Aspen Insurance Holdings, Ltd. 6,076 296,509 Associated Banc-Corp 14,959 358,268 Associated Capital Group, Inc. Class A 400 13,420 Assurant, Inc. 6,823 718,257 Assured Guaranty, Ltd. 16,703 751,802 * Asta Funding, Inc. 271 1,985 Astoria Financial Corp. 14,693 296,505 * Atlantic Capital Bancshares, Inc. 3,582 69,133 * Atlanticus Holdings Corp. 886 2,188 * Atlas Financial Holdings, Inc. 1,166 18,015 Axis Capital Holdings, Ltd. 6,233 402,527 Baldwin & Lyons, Inc. Class B 2,066 48,344 Banc of California, Inc. 6,373 130,965 BancFirst Corp. 1,995 212,966 * Bancorp, Inc. (The) 8,154 63,194 BancorpSouth, Inc. 11,234 337,582 Bank Mutual Corp. 5,859 58,297 Bank of America Corp. 312,087 7,527,538 Bank of Commerce Holdings 300 3,105 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) # Bank of Hawaii Corp. 5,432 $ 454,495 Bank of Marin Bancorp 851 56,719 Bank of New York Mellon Corp. (The) 37,961 2,013,072 # Bank of the Ozarks, Inc. 13,194 569,321 BankFinancial Corp. 2,924 43,802 BankUnited, Inc. 11,350 390,667 Banner Corp. 4,830 279,029 Bar Harbor Bankshares 1,390 38,767 BB&T Corp. 25,012 1,183,568 Bear State Financial, Inc. 1,200 11,136 Beneficial Bancorp, Inc. 9,704 151,382 * Berkshire Hathaway, Inc. Class B 22,804 3,990,016 Berkshire Hills Bancorp, Inc. 4,991 185,416 BGC Partners, Inc. Class A 47,111 594,070 BlackRock, Inc. 4,096 1,747,067 Blue Hills Bancorp, Inc. 3,822 72,427 #* BofI Holding, Inc. 6,440 179,483 BOK Financial Corp. 4,530 385,367 Boston Private Financial Holdings, Inc. 11,675 179,211 Bridge Bancorp, Inc. 1,746 56,745 Brookline Bancorp, Inc. 10,677 158,553 Brown & Brown, Inc. 9,786 436,456 Bryn Mawr Bank Corp. 2,559 108,630 * BSB Bancorp, Inc. 1,168 34,514 C&F Financial Corp. 500 24,900 Camden National Corp. 2,329 97,818 Canadian Imperial Bank of Commerce 1,044 90,661 Capital Bank Financial Corp. Class A 4,806 182,628 Capital City Bank Group, Inc. 2,300 49,128 Capital One Financial Corp. 17,582 1,515,217 Capitol Federal Financial, Inc. 21,985 313,506 Carolina Financial Corp. 2,114 71,115 Cathay General Bancorp 8,925 334,241 # CBOE Holdings, Inc. 4,829 456,485 CenterState Banks, Inc. 6,643 166,009 Central Pacific Financial Corp. 4,075 126,040 Central Valley Community Bancorp 1,231 27,057 Century Bancorp, Inc. Class A 165 11,006 Charles Schwab Corp. (The) 24,826 1,065,035 Charter Financial Corp. 2,547 45,795 Chemical Financial Corp. 7,490 360,943 Chubb, Ltd. 14,222 2,082,954 Cincinnati Financial Corp. 9,963 758,782 CIT Group, Inc. 14,133 673,437 Citigroup, Inc. 83,845 5,739,190 Citizens & Northern Corp. 1,891 43,644 Citizens Financial Group, Inc. 28,280 992,062 Citizens Holding Co. 160 3,944 #* Citizens, Inc. 3,580 28,819 # City Holding Co. 1,916 125,747 # Civista Bancshares, Inc. 330 6,749 Clifton Bancorp, Inc. 3,131 52,256 CME Group, Inc. 7,831 960,237 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) CNB Financial Corp. 2,238 $ 58,994 CNO Financial Group, Inc. 13,279 303,824 CoBiz Financial, Inc. 5,967 105,019 Codorus Valley Bancorp, Inc. 105 2,936 # Cohen & Steers, Inc. 8,277 334,391 Columbia Banking System, Inc. 8,923 355,492 Comerica, Inc. 9,801 708,710 # Commerce Bancshares, Inc. 11,498 667,344 # Community Bank System, Inc. 6,263 343,839 * Community Bankers Trust Corp. 100 860 Community Trust Bancorp, Inc. 2,316 100,051 ConnectOne Bancorp, Inc. 3,612 81,270 * Consumer Portfolio Services, Inc. 4,008 16,473 #* Cowen, Inc. 3,227 51,632 Crawford & Co. Class A 2,549 18,939 Crawford & Co. Class B 3,450 30,981 * Credit Acceptance Corp. 2,579 642,429 * CU Bancorp 2,279 84,095 Cullen/Frost Bankers, Inc. 4,109 373,015 * Customers Bancorp, Inc. 3,940 117,609 # CVB Financial Corp. 14,531 312,998 Diamond Hill Investment Group, Inc. 832 164,320 Dime Community Bancshares, Inc. 5,064 105,331 Discover Financial Services 22,080 1,345,555 DNB Financial Corp. 400 13,780 Donegal Group, Inc. Class A 3,167 47,758 * Donnelley Financial Solutions, Inc. 7,321 169,847 * E*TRADE Financial Corp. 19,854 814,014 * Eagle Bancorp, Inc. 3,838 239,683 East West Bancorp, Inc. 12,725 725,070 # Eaton Vance Corp. 13,612 668,213 * eHealth, Inc. 2,377 40,433 EMC Insurance Group, Inc. 2,748 76,120 Employers Holdings, Inc. 5,120 221,952 #* Encore Capital Group, Inc. 2,840 113,884 * Enova International, Inc. 5,913 85,739 * Enstar Group, Ltd. 1,596 323,350 Enterprise Bancorp, Inc. 600 20,274 Enterprise Financial Services Corp. 5,489 217,090 * Equity Bancshares, Inc. Class A 1,325 45,805 Erie Indemnity Co. Class A 1,217 155,119 ESSA Bancorp, Inc. 1,600 23,600 * Essent Group, Ltd. 9,312 357,767 Evercore Partners, Inc. Class A 5,400 424,710 Everest Re Group, Ltd. 3,065 804,225 * Ezcorp, Inc. Class A 8,301 64,748 # FactSet Research Systems, Inc. 1,548 258,857 Fairfax Financial Holdings, Ltd. 510 242,888 Farmers Capital Bank Corp. 1,252 47,013 Farmers National Banc Corp. 4,026 55,358 FBL Financial Group, Inc. Class A 3,431 232,965 * FCB Financial Holdings, Inc. Class A 5,725 269,934 Federal Agricultural Mortgage Corp. Class C 900 61,704 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) # Federated Investors, Inc. Class B 21,074 $ 607,563 Federated National Holding Co. 1,756 27,956 Fidelity Southern Corp. 3,832 80,702 Fifth Third Bancorp 52,528 1,402,498 # Financial Engines, Inc. 4,147 159,452 Financial Institutions, Inc. 2,100 61,740 * First Acceptance Corp. 900 810 First American Financial Corp. 13,207 639,351 * First BanCorp(318672706) 28,865 169,149 First Bancorp(318910106) 6,195 193,903 First Bancorp, Inc. 1,481 39,898 First Bancshares, Inc. (The) 703 19,508 First Busey Corp. 6,427 187,925 First Business Financial Services, Inc. 989 21,026 First Citizens BancShares, Inc. Class A 1,300 478,426 First Commonwealth Financial Corp. 20,076 261,590 First Community Bancshares, Inc. 2,390 65,056 First Connecticut Bancorp, Inc. 1,932 49,459 First Defiance Financial Corp. 1,623 83,990 First Financial Bancorp 9,095 232,832 First Financial Bankshares, Inc. 7,745 334,971 First Financial Corp. 1,138 52,405 First Financial Northwest, Inc. 1,800 29,538 * First Foundation, Inc. 4,364 75,672 # First Horizon National Corp. 27,392 477,443 First Interstate Bancsystem, Inc. Class A 4,386 160,308 First Merchants Corp. 6,323 255,702 First Mid-Illinois Bancshares, Inc. 1,258 46,030 First Midwest Bancorp, Inc. 16,826 373,705 * First Northwest Bancorp 1,283 19,566 First of Long Island Corp. (The) 3,492 97,601 First Republic Bank 6,411 643,216 First South Bancorp, Inc. 100 1,721 FirstCash, Inc. 6,149 357,564 * Flagstar Bancorp, Inc. 7,262 236,451 Flushing Financial Corp. 3,863 110,211 FNB Corp. 33,221 455,128 FNF Group 15,705 767,346 * FNFV Group 9,460 163,185 #* Franklin Financial Network, Inc. 1,940 67,027 Franklin Resources, Inc. 15,160 678,865 Fulton Financial Corp. 17,720 323,390 Gain Capital Holdings, Inc. 6,727 45,138 GAMCO Investors, Inc. Class A 1,000 30,710 * Genworth Financial, Inc. Class A 60,600 207,858 German American Bancorp, Inc. 3,253 116,555 # Glacier Bancorp, Inc. 9,293 324,512 * Global Indemnity, Ltd. 1,700 65,892 Goldman Sachs Group, Inc. (The) 13,019 2,933,571 * Great Elm Capital Group, Inc. 619 2,136 Great Southern Bancorp, Inc. 2,048 106,394 Great Western Bancorp, Inc. 7,100 276,971 * Green Bancorp, Inc. 5,914 132,769 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) * Green Dot Corp. Class A 6,526 $ 262,606 # Greenhill & Co., Inc. 3,377 62,475 * Greenlight Capital Re, Ltd. Class A 4,400 94,160 Guaranty Bancorp 2,400 63,960 * Hallmark Financial Services, Inc. 2,410 27,113 Hancock Holding Co. 8,497 390,862 Hanmi Financial Corp. 4,379 125,458 Hanover Insurance Group, Inc. (The) 4,230 401,258 Hartford Financial Services Group, Inc. (The) 25,749 1,416,195 HCI Group, Inc. 1,645 74,173 Heartland Financial USA, Inc. 4,144 195,182 Hennessy Advisors, Inc. 1,107 17,535 Heritage Commerce Corp. 5,400 75,006 Heritage Financial Corp. 3,817 103,822 # Heritage Insurance Holdings, Inc. 2,601 32,799 Hilltop Holdings, Inc. 12,037 301,286 Hingham Institution for Savings 155 27,420 Home Bancorp, Inc. 500 20,260 Home BancShares, Inc. 17,418 431,966 * HomeStreet, Inc. 3,322 87,203 * HomeTrust Bancshares, Inc. 3,038 73,368 Hope Bancorp, Inc. 17,925 316,018 HopFed Bancorp, Inc. 6 87 Horace Mann Educators Corp. 5,104 188,338 Horizon Bancorp 2,928 77,211 Houlihan Lokey, Inc. 2,978 110,722 * Howard Bancorp, Inc. 644 12,655 Huntington Bancshares, Inc. 76,683 1,016,050 Iberiabank Corp. 4,215 340,783 # Independence Holding Co. 2,048 45,466 Independent Bank Corp.(453836108) 2,749 196,141 Independent Bank Corp.(453838609) 2,619 55,523 Independent Bank Group, Inc. 3,560 214,846 Infinity Property & Casualty Corp. 1,657 165,783 # Interactive Brokers Group, Inc. Class A 12,819 513,401 Intercontinental Exchange, Inc. 20,067 1,338,670 International Bancshares Corp. 9,654 341,752 * INTL. FCStone, Inc. 2,667 104,360 Invesco, Ltd. 30,405 1,057,182 Investment Technology Group, Inc. 5,700 125,799 # Investors Bancorp, Inc. 28,466 378,028 Investors Title Co. 166 29,302 James River Group Holdings, Ltd. 3,778 151,724 #* Janus Henderson Group P.L.C. 9,519 318,791 JPMorgan Chase & Co. 136,398 12,521,336 Kearny Financial Corp. 11,135 162,571 Kemper Corp. 6,712 263,446 KeyCorp 62,805 1,133,002 Kingstone Cos., Inc. 707 11,666 * Ladenburg Thalmann Financial Services, Inc. 20,093 45,812 Lakeland Bancorp, Inc. 6,960 134,676 Lakeland Financial Corp. 2,940 135,240 Lazard, Ltd. Class A 4,552 212,624 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) LCNB Corp. 700 $ 14,035 LegacyTexas Financial Group, Inc. 6,271 242,813 # Legg Mason, Inc. 8,726 349,127 * LendingClub Corp. 34,900 176,943 #* LendingTree, Inc. 1,459 321,855 Leucadia National Corp. 20,826 542,101 Lincoln National Corp. 13,446 982,365 Loews Corp. 19,843 965,957 LPL Financial Holdings, Inc. 17,972 822,399 M&T Bank Corp. 4,946 806,940 Macatawa Bank Corp. 4,300 41,495 Maiden Holdings, Ltd. 11,028 122,411 MainSource Financial Group, Inc. 3,341 116,735 Manning & Napier, Inc. 1,962 7,946 * Markel Corp. 818 876,495 MarketAxess Holdings, Inc. 1,600 324,624 Marlin Business Services Corp. 1,780 46,280 Marsh & McLennan Cos., Inc. 9,234 719,975 MB Financial, Inc. 8,456 345,850 * MBIA, Inc. 17,849 181,524 MBT Financial Corp. 3,354 32,198 Mercantile Bank Corp. 2,362 75,159 # Mercury General Corp. 5,419 324,544 Meridian Bancorp, Inc. 6,693 118,131 Meta Financial Group, Inc. 1,255 89,482 MetLife, Inc. 27,853 1,531,915 * MGIC Investment Corp. 12,754 148,839 MidSouth Bancorp, Inc. 1,200 13,500 MidWestOne Financial Group, Inc. 1,517 52,215 Moelis & Co. Class A 2,728 111,575 Moody's Corp. 3,150 414,634 Morgan Stanley 50,197 2,354,239 Morningstar, Inc. 4,680 386,428 MSCI, Inc. 3,135 341,558 MutualFirst Financial, Inc. 500 17,450 Nasdaq, Inc. 9,599 713,878 National Bank Holdings Corp. Class A 3,572 121,912 # National Bankshares, Inc. 518 19,943 * National Commerce Corp. 707 28,351 National General Holdings Corp. 13,905 294,925 National Western Life Group, Inc. Class A 388 130,597 #* Nationstar Mortgage Holdings, Inc. 6,255 111,527 Navient Corp. 48,122 709,799 Navigators Group, Inc. (The) 4,399 250,743 NBT Bancorp, Inc. 5,654 204,336 Nelnet, Inc. Class A 4,163 204,362 # New York Community Bancorp, Inc. 28,933 379,890 NewStar Financial, Inc. 5,176 56,625 * Nicholas Financial, Inc. 801 7,049 * Nicolet Bankshares, Inc. 211 11,430 * NMI Holdings, Inc. Class A 9,063 106,943 Northern Trust Corp. 8,397 734,821 Northfield Bancorp, Inc. 6,107 102,537 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Northrim BanCorp, Inc. 900 $ 26,235 Northwest Bancshares, Inc. 14,760 237,636 OceanFirst Financial Corp. 5,134 139,029 #* Ocwen Financial Corp. 14,518 41,667 OFG Bancorp 6,578 66,109 Old Line Bancshares, Inc. 1,300 35,204 Old National Bancorp 20,285 330,645 Old Republic International Corp. 30,311 594,702 Old Second Bancorp, Inc. 2,390 28,322 OM Asset Management P.L.C. 12,488 188,194 * On Deck Capital, Inc. 2,700 11,610 OneBeacon Insurance Group, Ltd. Class A 3,660 67,051 #* OneMain Holdings, Inc. 13,544 362,167 Oppenheimer Holdings, Inc. Class A 1,497 23,578 Opus Bank 2,647 62,999 Oritani Financial Corp. 5,492 91,167 Orrstown Financial Services, Inc. 909 22,725 Pacific Continental Corp. 2,959 75,159 * Pacific Mercantile Bancorp 2,550 20,145 * Pacific Premier Bancorp, Inc. 5,188 186,249 PacWest Bancorp 8,826 423,825 Park National Corp. 1,852 182,922 Park Sterling Corp. 7,735 89,881 Peapack Gladstone Financial Corp. 2,129 66,574 Penns Woods Bancorp, Inc. 829 35,523 * PennyMac Financial Services, Inc. Class A 5,123 89,140 People's United Financial, Inc. 22,691 395,731 People's Utah Bancorp 1,400 38,920 Peoples Bancorp, Inc. 2,534 82,608 # Peoples Financial Services Corp. 400 17,108 * PHH Corp. 7,228 99,602 Pinnacle Financial Partners, Inc. 5,879 375,668 Piper Jaffray Cos. 1,000 62,400 PJT Partners, Inc. Class A 2,260 98,039 PNC Financial Services Group, Inc. (The) 17,239 2,220,383 Popular, Inc. 10,732 452,246 #* PRA Group, Inc. 6,114 239,669 Preferred Bank 1,595 89,559 Premier Financial Bancorp, Inc. 1,519 28,861 Primerica, Inc. 7,005 567,755 Principal Financial Group, Inc. 21,488 1,434,324 ProAssurance Corp. 5,066 313,079 Progressive Corp. (The) 21,246 1,001,324 Prosperity Bancshares, Inc. 6,344 406,650 Provident Financial Holdings, Inc. 1,300 24,700 Provident Financial Services, Inc. 8,938 237,036 Prudential Bancorp, Inc. 845 14,509 Prudential Financial, Inc. 12,776 1,446,626 Pzena Investment Management, Inc. Class A 1,300 13,715 QCR Holdings, Inc. 1,925 88,454 Radian Group, Inc. 10,400 181,168 Raymond James Financial, Inc. 9,246 769,175 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) * Regional Management Corp. 1,515 $ 36,345 Regions Financial Corp. 80,198 1,170,891 Reinsurance Group of America, Inc. 4,803 673,381 RenaissanceRe Holdings, Ltd. 3,798 557,964 Renasant Corp. 6,594 279,520 Republic Bancorp, Inc. Class A 2,487 89,283 #* Republic First Bancorp, Inc. 1,200 10,680 Riverview Bancorp, Inc. 100 759 # RLI Corp. 4,392 255,000 S&P Global, Inc. 4,120 632,791 S&T Bancorp, Inc. 4,661 176,559 * Safeguard Scientifics, Inc. 2,419 28,786 Safety Insurance Group, Inc. 1,990 141,190 Sandy Spring Bancorp, Inc. 3,057 122,402 * Santander Consumer USA Holdings, Inc. 42,080 539,045 * Seacoast Banking Corp. of Florida 5,032 117,598 SEI Investments Co. 3,712 209,765 Selective Insurance Group, Inc. 6,923 350,650 # ServisFirst Bancshares, Inc. 6,982 253,726 Shore Bancshares, Inc. 1,532 25,875 SI Financial Group, Inc. 1,043 16,114 Sierra Bancorp 1,944 53,266 * Signature Bank 3,203 443,872 Silvercrest Asset Management Group, Inc. Class A 800 10,120 Simmons First National Corp. Class A 4,002 218,309 * SLM Corp. 57,783 640,236 South State Corp. 3,748 313,895 * Southern First Bancshares, Inc. 700 25,795 Southern Missouri Bancorp, Inc. 512 16,594 Southern National Bancorp of Virginia, Inc. 1,622 27,444 Southside Bancshares, Inc. 3,486 121,069 Southwest Bancorp, Inc. 2,616 68,278 State Auto Financial Corp. 5,412 139,575 State Bank Financial Corp. 4,490 123,250 State National Cos., Inc. 6,618 138,184 State Street Corp. 11,769 1,097,224 Sterling Bancorp 15,110 349,041 Stewart Information Services Corp. 3,962 155,707 * Stifel Financial Corp. 6,700 340,695 Stock Yards Bancorp, Inc. 2,100 75,285 Stonegate Bank 1,770 82,394 Summit Financial Group, Inc. 333 7,256 Sun Bancorp, Inc. 2,206 53,716 SunTrust Banks, Inc. 17,392 996,388 * SVB Financial Group 4,028 718,756 Synchrony Financial 36,970 1,120,930 # Synovus Financial Corp. 14,513 631,025 T Rowe Price Group, Inc. 21,529 1,780,879 TCF Financial Corp. 22,343 352,126 # TD Ameritrade Holding Corp. 20,870 954,385 Territorial Bancorp, Inc. 1,300 39,169 * Texas Capital Bancshares, Inc. 5,537 433,824 # TFS Financial Corp. 6,187 98,868 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) * Third Point Reinsurance, Ltd. 2,702 $ 39,314 Timberland Bancorp, Inc. 500 13,480 Tiptree, Inc. 5,339 36,572 Tompkins Financial Corp. 1,833 144,275 Torchmark Corp. 8,799 694,857 Towne Bank 8,161 255,439 Travelers Cos., Inc. (The) 16,510 2,114,766 Trico Bancshares 3,256 120,146 * TriState Capital Holdings, Inc. 3,588 82,524 * Triumph Bancorp, Inc. 2,126 60,378 TrustCo Bank Corp. NY 13,664 113,411 Trustmark Corp. 10,189 325,640 U.S. Bancorp. 57,035 3,010,307 UMB Financial Corp. 4,904 341,613 Umpqua Holdings Corp. 19,437 360,362 Union Bankshares Corp. 6,116 188,923 # United Bankshares, Inc. 10,367 357,661 United Community Banks, Inc. 10,666 296,088 United Community Financial Corp. 6,434 59,193 United Financial Bancorp, Inc. 6,408 115,921 United Fire Group, Inc. 3,389 152,912 # United Insurance Holdings Corp. 2,457 39,214 United Security Bancshares 402 3,779 Universal Insurance Holdings, Inc. 6,041 144,078 Univest Corp. of Pennsylvania 3,467 105,743 Unum Group 16,647 834,514 Validus Holdings, Ltd. 7,634 410,633 Valley National Bancorp 26,565 315,592 Value Line, Inc. 213 3,768 * Veritex Holdings, Inc. 945 25,184 # Virtu Financial, Inc. Class A 4,130 68,352 # Virtus Investment Partners, Inc. 1,053 124,043 Voya Financial, Inc. 10,932 428,972 # Waddell & Reed Financial, Inc. Class A 8,882 183,591 * Walker & Dunlop, Inc. 6,136 308,334 Washington Federal, Inc. 10,134 338,982 Washington Trust Bancorp, Inc. 2,152 117,176 WashingtonFirst Bankshares, Inc. 1,472 50,401 Waterstone Financial, Inc. 4,026 75,890 Webster Financial Corp. 10,446 542,461 Wells Fargo & Co. 190,218 10,260,359 WesBanco, Inc. 5,746 219,670 West Bancorporation, Inc. 1,799 41,377 # Westamerica Bancorporation 1,988 108,783 * Western Alliance Bancorp 12,318 620,581 Western New England Bancorp, Inc. 3,241 32,248 Westwood Holdings Group, Inc. 1,130 66,614 White Mountains Insurance Group, Ltd. 482 416,737 Willis Towers Watson P.L.C. 8,108 1,207,119 Wintrust Financial Corp. 6,059 456,303 WisdomTree Investments, Inc. 9,500 99,180 #* WMIH Corp. 5,650 6,498 * World Acceptance Corp. 900 68,013 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Financials -- (Continued) # WR Berkley Corp. 9,194 $ 634,110 WSFS Financial Corp. 3,632 163,985 * Xenith Bankshares, Inc. 270 7,609 XL Group, Ltd. 15,291 678,920 Zions Bancorporation 12,606 571,304 ------------ Total Financials 188,986,260 ------------ Health Care -- (6.8%) # Abaxis, Inc. 2,536 119,192 Abbott Laboratories 51,225 2,519,245 #* Abeona Therapeutics, Inc. 3,000 25,350 * ABIOMED, Inc. 1,360 201,402 #* Acadia Healthcare Co., Inc. 10,930 578,525 * Accuray, Inc. 7,598 32,292 Aceto Corp. 3,079 51,974 * Achillion Pharmaceuticals, Inc. 15,836 64,928 * Acorda Therapeutics, Inc. 4,272 92,489 * Adamas Pharmaceuticals, Inc. 2,400 41,640 * Addus HomeCare Corp. 1,700 57,715 Aetna, Inc. 14,113 2,177,777 * Akorn, Inc. 15,300 514,386 * Albany Molecular Research, Inc. 2,219 48,241 * Alere, Inc. 8,442 425,392 * Alexion Pharmaceuticals, Inc. 3,169 435,230 * Align Technology, Inc. 2,661 444,999 #* Alkermes P.L.C. 689 37,488 * Alliance HealthCare Services, Inc. 450 5,963 * Allscripts Healthcare Solutions, Inc. 21,842 268,875 * Almost Family, Inc. 2,210 109,285 #* Alnylam Pharmaceuticals, Inc. 2,454 203,044 * AMAG Pharmaceuticals, Inc. 2,360 46,374 * Amedisys, Inc. 3,494 165,476 AmerisourceBergen Corp. 6,609 620,056 Amgen, Inc. 22,815 3,981,446 #* AMN Healthcare Services, Inc. 9,797 361,509 * Amphastar Pharmaceuticals, Inc. 4,515 78,019 Analogic Corp. 1,710 120,042 * AngioDynamics, Inc. 5,619 91,309 * Anika Therapeutics, Inc. 2,097 107,283 Anthem, Inc. 10,406 1,937,701 * Applied Genetic Technologies Corp. 868 4,123 #* Aptevo Therapeutics, Inc. 1,916 3,525 #* Aratana Therapeutics, Inc. 479 3,233 * Ardelyx, Inc. 2,640 13,728 * Assembly Biosciences, Inc. 1,358 30,433 #* athenahealth, Inc. 1,592 220,205 Atrion Corp. 296 187,131 #* BioMarin Pharmaceutical, Inc. 1,570 137,736 * BioSpecifics Technologies Corp. 1,201 58,429 * BioTelemetry, Inc. 4,193 143,401 * Bioverativ, Inc. 3,881 240,506 #* Bluebird Bio, Inc. 1,828 172,289 * Boston Scientific Corp. 9,799 260,849 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) * Bovie Medical Corp. 200 $ 506 #* Brookdale Senior Living, Inc. 18,002 255,628 Bruker Corp. 8,800 252,384 * Cambrex Corp. 6,933 422,913 Cantel Medical Corp. 2,823 209,467 #* Capital Senior Living Corp. 4,758 65,660 #* Cara Therapeutics, Inc. 2,500 35,100 Cardinal Health, Inc. 9,947 768,505 * Cascadian Therapeutics, Inc. 5,100 20,859 #* Celldex Therapeutics, Inc. 8,800 20,152 * Cempra, Inc. 8,934 35,736 * Centene Corp. 10,677 847,967 #* Cerner Corp. 6,500 418,405 # Chemed Corp. 1,943 383,742 Cigna Corp. 7,887 1,368,868 * Civitas Solutions, Inc. 6,186 110,420 #* Clovis Oncology, Inc. 566 48,002 Computer Programs & Systems, Inc. 864 26,482 * Concert Pharmaceuticals, Inc. 1,100 15,873 CONMED Corp. 2,606 133,740 * CorVel Corp. 3,700 175,935 CR Bard, Inc. 2,609 836,445 * Cross Country Healthcare, Inc. 2,841 33,410 * CryoLife, Inc. 3,483 65,306 #* Cumberland Pharmaceuticals, Inc. 1,600 10,752 * Cutera, Inc. 1,041 27,118 * Cytokinetics, Inc. 3,482 48,922 * DaVita, Inc. 15,529 1,005,969 DENTSPLY SIRONA, Inc. 14,277 885,602 #* DexCom, Inc. 1,248 83,129 Digirad Corp. 2,900 11,890 * Diplomat Pharmacy, Inc. 5,991 95,077 * Edwards Lifesciences Corp. 2,900 334,022 * Emergent BioSolutions, Inc. 4,684 170,357 * Enanta Pharmaceuticals, Inc. 2,233 85,100 Ensign Group, Inc. (The) 6,830 152,787 * Envision Healthcare Corp. 10,277 579,931 #* Epizyme, Inc. 5,118 58,345 #* Esperion Therapeutics, Inc. 2,570 116,395 #* Exact Sciences Corp. 1,505 58,394 * Exactech, Inc. 1,895 55,239 * Exelixis, Inc. 11,800 319,898 * Express Scripts Holding Co. 34,696 2,173,357 * Five Prime Therapeutics, Inc. 2,475 69,647 * Five Star Senior Living, Inc. 859 1,374 * FONAR Corp. 1,170 30,069 Gilead Sciences, Inc. 38,211 2,907,475 #* Globus Medical, Inc. Class A 8,907 273,890 * Haemonetics Corp. 4,125 169,661 #* Halyard Health, Inc. 7,330 294,813 #* HealthEquity, Inc. 2,502 114,767 HealthSouth Corp. 10,092 429,516 * HealthStream, Inc. 2,844 67,175 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) * Henry Schein, Inc. 4,418 $ 805,004 * Heska Corp. 826 90,480 Hill-Rom Holdings, Inc. 10,664 794,681 * HMS Holdings Corp. 9,021 181,142 #* Hologic, Inc. 27,901 1,233,503 * Horizon Pharma P.L.C. 14,090 168,798 Humana, Inc. 5,660 1,308,592 * ICU Medical, Inc. 1,689 290,339 * IDEXX Laboratories, Inc. 3,028 504,041 * Ignyta, Inc. 2,300 21,850 * Impax Laboratories, Inc. 8,300 160,605 * INC Research Holdings, Inc. Class A 6,762 371,910 * Incyte Corp. 4,228 563,550 * Innoviva, Inc. 7,496 102,845 * Inogen, Inc. 1,168 110,236 * Integer Holdings Corp. 4,638 212,420 * Integra LifeSciences Holdings Corp. 6,178 306,799 #* Intra-Cellular Therapies, Inc. 1,563 18,084 * Intuitive Surgical, Inc. 363 340,588 # Invacare Corp. 4,684 73,305 #* Ionis Pharmaceuticals, Inc. 1,496 78,390 #* Jazz Pharmaceuticals P.L.C. 4,977 764,517 #* Juno Therapeutics, Inc. 8,800 250,184 * Karyopharm Therapeutics, Inc. 3,469 29,278 * Kindred Biosciences, Inc. 4,043 29,514 Kindred Healthcare, Inc. 12,757 114,175 #* Kite Pharma, Inc. 641 69,491 * Laboratory Corp. of America Holdings 6,228 989,691 Landauer, Inc. 1,439 78,354 #* Lannett Co., Inc. 1,300 26,455 * Lantheus Holdings, Inc. 2,473 45,627 LeMaitre Vascular, Inc. 1,973 71,166 * LHC Group, Inc. 2,126 123,095 * LivaNova P.L.C. 1,855 113,044 Luminex Corp. 4,106 83,886 * MacroGenics, Inc. 1,300 21,476 * Magellan Health, Inc. 3,051 227,452 * Mallinckrodt P.L.C. 9,119 417,650 * Masimo Corp. 4,163 393,820 McKesson Corp. 9,111 1,474,798 #* Medicines Co. (The) 711 27,338 #* Medidata Solutions, Inc. 800 61,448 Medtronic P.L.C. 24,657 2,070,448 # Meridian Bioscience, Inc. 6,839 92,668 * Merit Medical Systems, Inc. 4,400 180,400 * Mettler-Toledo International, Inc. 871 499,153 #* MiMedx Group, Inc. 1,700 25,432 * Miragen Therapeutics, Inc. 2,822 38,605 #* Mirati Therapeutics, Inc. 2,200 11,000 #* Molina Healthcare, Inc. 7,522 502,470 * Momenta Pharmaceuticals, Inc. 4,728 78,248 #* Myriad Genetics, Inc. 6,428 156,008 National HealthCare Corp. 2,006 130,731 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) National Research Corp. Class A 2,270 $ 66,738 * Natus Medical, Inc. 4,343 152,874 * Neogen Corp. 2,307 151,962 #* NeoGenomics, Inc. 5,221 49,338 #* Neurocrine Biosciences, Inc. 1,450 69,644 #* NewLink Genetics Corp. 540 3,899 #* NuVasive, Inc. 4,932 324,476 * Nuvectra Corp. 663 7,731 #* Ocular Therapeutix, Inc. 1,800 11,394 * Omnicell, Inc. 3,027 150,139 #* Opko Health, Inc. 18,190 117,325 * OraSure Technologies, Inc. 4,389 76,983 * Orthofix International NV 1,746 75,741 * Otonomy, Inc. 4,367 82,100 Owens & Minor, Inc. 7,373 237,632 * PAREXEL International Corp. 4,309 377,124 # Patterson Cos., Inc. 12,254 511,237 PDL BioPharma, Inc. 20,904 47,452 * PharMerica Corp. 4,100 103,115 Phibro Animal Health Corp. Class A 2,018 77,088 * PRA Health Sciences, Inc. 4,090 304,296 #* Premier, Inc. Class A 6,343 221,371 * Prestige Brands Holdings, Inc. 5,590 299,792 * Providence Service Corp. (The) 1,714 88,340 Psychemedics Corp. 540 13,802 #* PTC Therapeutics, Inc. 2,400 49,488 * Quality Systems, Inc. 5,257 89,895 Quest Diagnostics, Inc. 10,539 1,141,479 * Quidel Corp. 1,837 58,766 * Quintiles IMS Holdings, Inc. 7,829 708,916 * R1 RCM, Inc. 12,516 42,429 * RadNet, Inc. 4,821 37,122 * Regeneron Pharmaceuticals, Inc. 800 393,296 # ResMed, Inc. 3,198 246,630 #* Retrophin, Inc. 4,500 91,080 #* Revance Therapeutics, Inc. 2,100 47,775 * RTI Surgical, Inc. 9,786 55,780 * SciClone Pharmaceuticals, Inc. 4,713 51,607 * SeaSpine Holdings Corp. 959 10,818 * Seattle Genetics, Inc. 1,433 72,367 * Select Medical Holdings Corp. 17,096 276,955 Simulations Plus, Inc. 2,208 32,678 * Spectrum Pharmaceuticals, Inc. 7,870 58,710 * Stemline Therapeutics, Inc. 3,016 27,747 STERIS P.L.C. 5,205 426,029 Stryker Corp. 5,476 805,520 #* Sucampo Pharmaceuticals, Inc. Class A 8,320 90,272 * Supernus Pharmaceuticals, Inc. 3,832 155,004 * Surmodics, Inc. 1,299 34,164 Teleflex, Inc. 1,656 343,156 #* TESARO, Inc. 1,070 136,596 * Tetraphase Pharmaceuticals, Inc. 2,427 15,873 #* Titan Pharmaceuticals, Inc. 2,800 5,320 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) * Tivity Health, Inc. 6,738 $ 267,162 * Triple-S Management Corp. Class B 2,795 43,267 * United Therapeutics Corp. 6,528 838,195 US Physical Therapy, Inc. 1,720 108,532 Utah Medical Products, Inc. 296 20,454 #* Varex Imaging Corp. 5,401 166,621 #* Varian Medical Systems, Inc. 2,975 288,932 * VCA, Inc. 7,731 715,736 #* Veeva Systems, Inc. Class A 2,151 137,148 * Vertex Pharmaceuticals, Inc. 1,000 151,820 * VWR Corp. 17,616 581,328 * Waters Corp. 1,500 260,160 * WellCare Health Plans, Inc. 4,665 825,658 West Pharmaceutical Services, Inc. 1,997 177,134 #* Wright Medical Group NV 2,991 78,574 #* Xencor, Inc. 1,836 42,871 Zimmer Biomet Holdings, Inc. 6,283 762,254 Zoetis, Inc. 7,233 452,207 #* Zogenix, Inc. 3,571 42,852 ----------- Total Health Care 66,645,165 ----------- Industrials -- (12.0%) 3M Co. 9,563 1,923,789 AAON, Inc. 6,000 202,800 AAR Corp. 3,999 149,563 ABM Industries, Inc. 6,107 272,494 * Acacia Research Corp. 2,366 8,163 * ACCO Brands Corp. 18,062 210,422 Actuant Corp. Class A 6,617 160,131 # Acuity Brands, Inc. 800 162,120 # Advanced Drainage Systems, Inc. 8,910 183,101 * Advisory Board Co. (The) 4,538 255,036 * AECOM 14,658 467,590 * Aegion Corp. 3,771 90,278 AGCO Corp. 9,883 712,960 Air Lease Corp. 14,240 563,619 * Air Transport Services Group, Inc. 14,474 352,587 Aircastle, Ltd. 10,411 245,075 Alamo Group, Inc. 1,500 139,515 Alaska Air Group, Inc. 14,000 1,193,220 Albany International Corp. Class A 4,145 221,758 Allegiant Travel Co. 2,540 328,295 Allegion P.L.C. 3,703 300,832 Allied Motion Technologies, Inc. 1,625 48,084 Allison Transmission Holdings, Inc. 21,352 807,106 Altra Industrial Motion Corp. 4,648 207,068 AMERCO 1,383 537,378 * Ameresco, Inc. Class A 3,516 23,030 # American Airlines Group, Inc. 9,866 497,641 American Railcar Industries, Inc. 1,731 63,649 * American Woodmark Corp. 3,415 335,182 AMETEK, Inc. 13,922 857,317 # AO Smith Corp. 3,600 192,780 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) # Apogee Enterprises, Inc. 4,460 $232,321 Applied Industrial Technologies, Inc. 5,544 313,236 * ARC Document Solutions, Inc. 6,764 23,403 ArcBest Corp. 3,480 96,744 Arconic, Inc. 30,560 757,582 Argan, Inc. 2,682 172,855 * Armstrong Flooring, Inc. 4,306 74,752 * Armstrong World Industries, Inc. 7,003 339,996 * Arotech Corp. 3,345 12,042 Astec Industries, Inc. 2,962 148,900 * Astronics Corp. 3,163 92,518 * Astronics Corp. Class B 474 13,900 * Atlas Air Worldwide Holdings, Inc. 5,242 311,375 #* Avis Budget Group, Inc. 9,490 292,102 #* Axon Enterprise, Inc. 5,330 131,065 AZZ, Inc. 3,233 163,913 * Babcock & Wilcox Enterprises, Inc. 1,687 17,714 Barnes Group, Inc. 6,560 394,781 Barrett Business Services, Inc. 1,545 85,021 * Beacon Roofing Supply, Inc. 7,053 323,944 * Blue Bird Corp. 1,070 18,993 * BMC Stock Holdings, Inc. 7,899 173,778 Brady Corp. Class A 5,526 183,463 Briggs & Stratton Corp. 5,115 119,793 Brink's Co. (The) 9,038 706,320 * Broadwind Energy, Inc. 2,383 10,533 * Builders FirstSource, Inc. 20,061 314,356 * CAI International, Inc. 3,296 86,454 Carlisle Cos., Inc. 4,046 394,849 * Casella Waste Systems, Inc. Class A 4,849 81,366 * CBIZ, Inc. 7,764 115,295 * CDI Corp. 2,402 19,817 CECO Environmental Corp. 5,117 49,430 # Celadon Group, Inc. 2,824 12,849 # CH Robinson Worldwide, Inc. 4,367 286,475 * Chart Industries, Inc. 4,064 138,176 # Chicago Bridge & Iron Co. NV 7,448 139,576 Cintas Corp. 3,157 425,721 CIRCOR International, Inc. 1,665 83,350 * Civeo Corp. 7,798 15,050 * Clean Harbors, Inc. 7,563 429,578 * Colfax Corp. 12,726 525,329 Columbus McKinnon Corp. 2,711 69,944 Comfort Systems USA, Inc. 5,860 195,138 * Commercial Vehicle Group, Inc. 12,439 109,214 * Continental Building Products, Inc. 6,680 146,960 Copa Holdings SA Class A 3,582 449,398 * Copart, Inc. 10,456 329,259 Costamare, Inc. 5,774 37,127 # Covanta Holding Corp. 21,972 331,777 * Covenant Transportation Group, Inc. Class A 2,301 43,144 * CPI Aerostructures, Inc. 1,046 9,937 CRA International, Inc. 1,211 46,999 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Crane Co. 6,207 $ 468,628 * CSW Industrials, Inc. 1,972 77,007 CSX Corp. 40,777 2,011,937 Cummins, Inc. 5,221 876,606 Curtiss-Wright Corp. 6,112 589,319 Deere & Co. 7,476 959,021 Delta Air Lines, Inc. 50,857 2,510,302 # Deluxe Corp. 9,161 661,424 DMC Global, Inc. 2,624 36,474 # Donaldson Co., Inc. 7,586 360,259 Douglas Dynamics, Inc. 4,453 141,605 Dover Corp. 10,236 859,824 * Ducommun, Inc. 1,848 53,518 Dun & Bradstreet Corp. (The) 2,090 231,488 * DXP Enterprises, Inc. 1,836 52,491 #* Dycom Industries, Inc. 5,823 527,564 Eastern Co. (The) 312 9,079 Eaton Corp. P.L.C. 14,621 1,144,093 * Echo Global Logistics, Inc. 3,386 46,219 EMCOR Group, Inc. 8,203 553,702 Emerson Electric Co. 13,264 790,667 Encore Wire Corp. 4,488 200,165 EnerSys 4,793 346,390 * Engility Holdings, Inc. 4,955 144,537 Ennis, Inc. 3,343 64,353 EnPro Industries, Inc. 2,965 228,364 Equifax, Inc. 3,769 548,163 ESCO Technologies, Inc. 3,134 193,368 Espey Manufacturing & Electronics Corp. 200 4,494 Essendant, Inc. 4,286 53,489 * Esterline Technologies Corp. 3,856 372,104 # Expeditors International of Washington, Inc. 4,857 285,980 Exponent, Inc. 2,704 176,301 # Fastenal Co. 7,488 321,684 Federal Signal Corp. 9,980 184,630 FedEx Corp. 10,914 2,270,439 # Flowserve Corp. 7,777 319,868 Fluor Corp. 9,041 392,651 Fortive Corp. 6,000 388,440 Fortune Brands Home & Security, Inc. 9,483 622,749 Forward Air Corp. 3,378 175,082 * Franklin Covey Co. 1,696 31,630 Franklin Electric Co., Inc. 4,621 186,688 FreightCar America, Inc. 1,800 29,592 * FTI Consulting, Inc. 5,558 182,358 # GATX Corp. 4,312 266,611 * Gencor Industries, Inc. 1,048 16,820 * Generac Holdings, Inc. 10,947 393,764 General Cable Corp. 5,143 99,260 #* Genesee & Wyoming, Inc. Class A 6,487 422,693 * Gibraltar Industries, Inc. 3,616 107,938 Global Brass & Copper Holdings, Inc. 5,253 168,359 * Golden Ocean Group, Ltd. 744 5,349 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Goldfield Corp. (The) 5,963 $ 30,411 Gorman-Rupp Co. (The) 4,380 132,364 * GP Strategies Corp. 2,129 60,996 # Graco, Inc. 3,790 439,792 Graham Corp. 739 14,787 Granite Construction, Inc. 4,517 221,423 * Great Lakes Dredge & Dock Corp. 8,897 35,143 Greenbrier Cos., Inc. (The) 2,478 111,510 Griffon Corp. 5,226 107,133 H&E Equipment Services, Inc. 7,894 178,168 Hardinge, Inc. 1,951 23,607 * Harsco Corp. 17,589 271,750 #* Hawaiian Holdings, Inc. 10,602 438,923 * HC2 Holdings, Inc. 2,953 17,748 * HD Supply Holdings, Inc. 6,187 201,016 Healthcare Services Group, Inc. 4,968 259,578 # Heartland Express, Inc. 15,098 319,021 HEICO Corp. 4,062 326,463 HEICO Corp. Class A 6,038 429,000 Heidrick & Struggles International, Inc. 2,552 46,191 * Herc Holdings, Inc. 6,636 301,142 * Heritage-Crystal Clean, Inc. 2,711 50,967 Herman Miller, Inc. 10,384 349,681 #* Hertz Global Holdings, Inc. 6,352 86,832 Hexcel Corp. 13,716 701,848 * Hill International, Inc. 4,939 24,942 Hillenbrand, Inc. 12,791 460,476 HNI Corp. 7,531 284,295 Honeywell International, Inc. 15,145 2,061,537 Houston Wire & Cable Co. 3,000 17,250 * Hub Group, Inc. Class A 3,883 132,216 Hubbell, Inc. 4,949 587,892 Hudson Global, Inc. 2,300 3,082 #* Hudson Technologies, Inc. 5,402 43,702 Hurco Cos., Inc. 876 28,864 * Huron Consulting Group, Inc. 2,502 88,821 #* Huttig Building Products, Inc. 812 5,790 Hyster-Yale Materials Handling, Inc. 1,249 88,504 * ICF International, Inc. 2,339 105,840 IDEX Corp. 2,431 283,309 * IES Holdings, Inc. 2,130 36,210 Illinois Tool Works, Inc. 5,161 726,204 Ingersoll-Rand P.L.C. 12,102 1,063,524 * InnerWorkings, Inc. 4,192 49,424 * Innovative Solutions & Support, Inc. 400 1,604 Insperity, Inc. 2,668 201,434 Insteel Industries, Inc. 2,607 68,616 Interface, Inc. 11,789 223,402 ITT, Inc. 11,787 483,267 Jacobs Engineering Group, Inc. 8,068 425,345 JB Hunt Transport Services, Inc. 3,605 327,010 * JetBlue Airways Corp. 36,680 804,392 John Bean Technologies Corp. 2,944 272,026 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Industrials -- (Continued) Johnson Controls International P.L.C. 25,457 $991,550 Kadant, Inc. 1,382 107,865 Kaman Corp. 3,824 195,483 Kansas City Southern 6,687 690,032 KAR Auction Services, Inc. 20,896 878,468 # KBR, Inc. 13,149 196,183 Kelly Services, Inc. Class A 4,881 108,700 Kennametal, Inc. 8,879 327,635 * Key Technology, Inc. 200 2,860 * KEYW Holding Corp. (The) 3,593 31,726 Kforce, Inc. 6,256 116,987 Kimball International, Inc. Class B 6,802 113,389 * Kirby Corp. 6,566 399,869 * KLX, Inc. 6,010 312,039 # Knight Transportation, Inc. 12,105 431,543 Knoll, Inc. 8,232 159,372 Korn/Ferry International 7,567 253,116 Landstar System, Inc. 3,930 326,780 * Lawson Products, Inc. 700 16,135 * Layne Christensen Co. 1,949 20,640 LB Foster Co. Class A 800 14,080 # Lennox International, Inc. 1,400 239,400 Lincoln Electric Holdings, Inc. 4,212 367,539 Lindsay Corp. 1,207 110,646 LS Starrett Co. (The) Class A 230 1,840 LSC Communications, Inc. 5,785 123,683 LSI Industries, Inc. 3,205 26,826 * Lydall, Inc. 2,299 113,801 Macquarie Infrastructure Corp. 3,972 301,117 #* Manitowoc Co., Inc. (The) 16,848 96,202 ManpowerGroup, Inc. 6,019 644,936 Marten Transport, Ltd. 5,995 95,620 Masco Corp. 7,631 290,970 * Masonite International Corp. 3,750 291,188 * MasTec, Inc. 12,645 584,199 Matson, Inc. 8,726 246,073 Matthews International Corp. Class A 3,239 212,316 McGrath RentCorp 3,244 115,259 * Mercury Systems, Inc. 4,746 208,397 * Meritor, Inc. 8,168 141,143 #* Middleby Corp. (The) 1,500 196,020 * Milacron Holdings Corp. 6,609 118,830 Miller Industries, Inc. 1,300 33,930 * Mistras Group, Inc. 3,322 66,938 Mobile Mini, Inc. 6,113 188,280 * Moog, Inc. Class A 4,515 335,555 * MRC Global, Inc. 7,846 128,204 MSA Safety, Inc. 4,184 335,389 MSC Industrial Direct Co., Inc. Class A 6,553 466,639 Mueller Industries, Inc. 10,050 316,575 Mueller Water Products, Inc. Class A 33,620 389,992 Multi-Color Corp. 2,758 222,019 * MYR Group, Inc. 2,344 74,563 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Navigant Consulting, Inc. 5,929 $ 100,378 #* Navistar International Corp. 6,706 206,344 * NCI Building Systems, Inc. 11,654 209,772 * Neff Corp. Class A 1,300 27,300 Nielsen Holdings P.L.C. 19,875 854,824 * NL Industries, Inc. 2,000 15,600 NN, Inc. 3,333 92,324 Nordson Corp. 2,367 300,609 Norfolk Southern Corp. 12,654 1,424,587 * Northwest Pipe Co. 1,465 22,136 * NOW, Inc. 12,751 203,123 #* NV5 Global, Inc. 1,346 55,926 Old Dominion Freight Line, Inc. 10,111 969,746 Omega Flex, Inc. 612 36,744 * On Assignment, Inc. 7,044 346,917 * Orion Energy Systems, Inc. 900 1,044 * Orion Group Holdings, Inc. 3,661 25,700 Oshkosh Corp. 8,932 615,058 Owens Corning 10,297 690,414 PACCAR, Inc. 15,889 1,087,602 * PAM Transportation Services, Inc. 751 13,165 Park-Ohio Holdings Corp. 1,783 70,874 Parker-Hannifin Corp. 3,990 662,260 * Patrick Industries, Inc. 3,454 262,849 * Patriot Transportation Holding, Inc. 133 2,661 * Pendrell Corp. 1,228 8,571 Pentair P.L.C. 8,994 567,252 * Performant Financial Corp. 6,812 13,624 * Perma-Pipe International Holdings, Inc. 300 2,370 * PGT Innovations, Inc. 10,635 138,255 Pitney Bowes, Inc. 11,121 175,045 * Ply Gem Holdings, Inc. 8,557 149,748 Powell Industries, Inc. 1,301 41,437 Preformed Line Products Co. 428 20,852 Primoris Services Corp. 7,320 182,414 #* Proto Labs, Inc. 1,872 138,341 Quad/Graphics, Inc. 7,683 172,560 Quanex Building Products Corp. 4,096 88,064 * Quanta Services, Inc. 16,812 567,069 * Radiant Logistics, Inc. 4,889 21,169 Raven Industries, Inc. 3,272 112,557 * RBC Bearings, Inc. 2,352 243,056 * RCM Technologies, Inc. 300 1,596 Regal Beloit Corp. 5,090 424,251 Republic Services, Inc. 15,346 985,520 Resources Connection, Inc. 4,298 57,378 #* Revolution Lighting Technologies, Inc. 1,690 12,489 * Rexnord Corp. 16,200 375,192 * Roadrunner Transportation Systems, Inc. 5,113 35,689 Robert Half International, Inc. 8,077 365,484 Rockwell Automation, Inc. 3,268 539,318 # Rollins, Inc. 4,971 215,791 # Roper Technologies, Inc. 1,658 385,419 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * RPX Corp. 5,953 $ 81,378 RR Donnelley & Sons Co. 5,827 72,022 * Rush Enterprises, Inc. Class A 4,805 207,240 Ryder System, Inc. 9,089 661,316 * Saia, Inc. 2,876 156,311 #* Sensata Technologies Holding NV 16,145 728,462 * SIFCO Industries, Inc. 157 1,052 Simpson Manufacturing Co., Inc. 5,187 229,732 SkyWest, Inc. 6,760 246,740 # Snap-on, Inc. 3,397 523,817 Southwest Airlines Co. 28,939 1,606,404 * SP Plus Corp. 2,736 89,467 Spartan Motors, Inc. 4,649 41,144 Spirit Aerosystems Holdings, Inc. Class A 10,623 641,948 * Spirit Airlines, Inc. 10,254 398,368 * SPX Corp. 3,976 109,420 * SPX FLOW, Inc. 6,314 223,894 Standex International Corp. 1,553 149,010 Stanley Black & Decker, Inc. 8,275 1,164,210 Steelcase, Inc. Class A 10,033 136,950 #* Stericycle, Inc. 5,116 394,341 * Sterling Construction Co., Inc. 2,955 37,765 Sun Hydraulics Corp. 2,549 105,427 Supreme Industries, Inc. Class A 2,200 33,088 #* Swift Transportation Co. 14,497 369,673 #* Team, Inc. 2,690 38,602 * Teledyne Technologies, Inc. 4,574 623,619 Tennant Co. 2,364 178,600 Terex Corp. 11,053 435,157 Tetra Tech, Inc. 6,613 313,787 Textainer Group Holdings, Ltd. 5,806 94,057 * Thermon Group Holdings, Inc. 3,864 69,050 Timken Co. (The) 7,813 355,491 Titan International, Inc. 6,620 84,405 * Titan Machinery, Inc. 2,176 38,842 Toro Co. (The) 5,314 377,772 # TransDigm Group, Inc. 1,158 326,718 * TransUnion 4,938 226,309 * Trex Co., Inc. 3,564 268,048 * TriMas Corp. 6,231 151,725 * TriNet Group, Inc. 6,948 243,180 Trinity Industries, Inc. 21,062 577,309 Triton International, Ltd. 7,401 266,880 # Triumph Group, Inc. 8,322 213,043 * TrueBlue, Inc. 5,553 141,879 * Tutor Perini Corp. 6,888 183,221 * Twin Disc, Inc. 1,100 18,612 * Ultralife Corp. 900 6,210 UniFirst Corp. 1,867 265,581 Union Pacific Corp. 23,781 2,448,492 * United Continental Holdings, Inc. 27,034 1,829,661 United Parcel Service, Inc. Class B 10,964 1,209,220 * United Rentals, Inc. 7,041 837,597 United Technologies Corp. 27,805 3,296,839 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Industrials -- (Continued) * Univar, Inc. 16,133 $ 500,768 Universal Forest Products, Inc. 2,315 194,113 Universal Logistics Holdings, Inc. 2,487 36,186 US Ecology, Inc. 3,510 182,169 * USA Truck, Inc. 905 8,380 #* USG Corp. 19,276 521,223 Valmont Industries, Inc. 2,574 393,050 * Vectrus, Inc. 1,615 54,926 * Verisk Analytics, Inc. 5,391 470,419 * Veritiv Corp. 2,207 81,990 Viad Corp. 3,384 181,213 * Vicor Corp. 1,600 28,400 * Volt Information Sciences, Inc. 639 2,332 VSE Corp. 1,308 67,820 # Wabash National Corp. 10,621 202,649 * WABCO Holdings, Inc. 2,234 307,331 # Wabtec Corp. 5,136 387,049 Waste Management, Inc. 10,525 790,954 # Watsco, Inc. 3,942 594,335 Watts Water Technologies, Inc. Class A 3,161 203,568 #* Welbilt, Inc. 11,452 223,199 Werner Enterprises, Inc. 9,613 285,025 * Wesco Aircraft Holdings, Inc. 12,648 137,231 * WESCO International, Inc. 5,883 301,504 West Corp. 7,600 177,612 * Willdan Group, Inc. 1,339 45,004 * Willis Lease Finance Corp. 856 21,640 Woodward, Inc. 6,779 474,123 # WW Grainger, Inc. 1,951 325,310 #* XPO Logistics, Inc. 15,208 914,153 Xylem, Inc. 7,942 450,550 * YRC Worldwide, Inc. 2,988 39,711 ------------ Total Industrials 117,280,238 ------------ Information Technology -- (17.6%) #* 3D Systems Corp. 1,097 18,430 Accenture P.L.C. Class A 9,289 1,196,609 * ACI Worldwide, Inc. 17,660 409,182 Activision Blizzard, Inc. 12,076 746,055 * Actua Corp. 5,448 73,548 * Acxiom Corp. 7,419 200,090 * Adobe Systems, Inc. 3,979 582,884 ADTRAN, Inc. 5,536 129,819 * Advanced Energy Industries, Inc. 5,127 371,964 #* Advanced Micro Devices, Inc. 37,409 509,136 * Agilysys, Inc. 2,641 26,568 * Akamai Technologies, Inc. 11,311 533,201 Alliance Data Systems Corp. 1,948 470,306 * Alpha & Omega Semiconductor, Ltd. 2,773 49,082 * Alphabet, Inc. Class A 4,748 4,489,234 * Alphabet, Inc. Class C 4,993 4,645,986 Amdocs, Ltd. 7,327 492,155 American Software, Inc. Class A 2,466 23,920 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Amkor Technology, Inc. 37,286 $ 386,656 Amphenol Corp. Class A 5,958 456,502 * Amtech Systems, Inc. 531 4,689 Analog Devices, Inc. 4,146 327,575 #* Angie's List, Inc. 6,577 78,792 * Anixter International, Inc. 4,527 356,501 * ANSYS, Inc. 4,236 548,774 Apple, Inc. 139,838 20,798,106 Applied Materials, Inc. 22,725 1,006,945 * Arista Networks, Inc. 1,400 209,006 * ARRIS International P.L.C. 21,931 613,191 * Arrow Electronics, Inc. 8,552 695,192 * Aspen Technology, Inc. 4,612 262,284 * Autodesk, Inc. 373 41,325 Automatic Data Processing, Inc. 6,731 800,383 #* Avid Technology, Inc. 4,744 24,432 Avnet, Inc. 9,295 356,742 AVX Corp. 10,360 185,133 * Aware, Inc. 2,169 9,977 * Axcelis Technologies, Inc. 4,442 98,612 * AXT, Inc. 5,700 49,875 Badger Meter, Inc. 3,734 168,964 * Bankrate, Inc. 9,136 126,990 * Barracuda Networks, Inc. 6,203 139,381 * Bazaarvoice, Inc. 8,948 42,056 Bel Fuse, Inc. Class B 1,369 34,567 Belden, Inc. 5,962 428,906 * Benchmark Electronics, Inc. 7,549 254,024 Black Box Corp. 2,162 17,080 #* Black Knight Financial Services, Inc. Class A 2,017 85,723 # Blackbaud, Inc. 3,432 316,911 * Blackhawk Network Holdings, Inc. 6,459 281,935 * Blucora, Inc. 5,883 131,779 Booz Allen Hamilton Holding Corp. 10,137 347,699 * Bottomline Technologies de, Inc. 2,535 72,197 Broadcom, Ltd. 5,156 1,271,779 Broadridge Financial Solutions, Inc. 4,016 304,654 #* BroadVision, Inc. 200 830 Brocade Communications Systems, Inc. 50,381 636,312 Brooks Automation, Inc. 9,192 225,756 * BSQUARE Corp. 1,400 7,980 CA, Inc. 27,197 844,195 Cabot Microelectronics Corp. 2,975 220,596 * CACI International, Inc. Class A 2,966 371,047 * Cadence Design Systems, Inc. 7,840 289,296 * CalAmp Corp. 856 16,350 * Calix, Inc. 11,095 76,001 * Carbonite, Inc. 3,238 76,417 * Cardtronics P.L.C. Class A 8,022 251,089 #* Cars.com, Inc. 11,310 274,833 Cass Information Systems, Inc. 1,360 89,706 #* Cavium, Inc. 1,479 91,609 CDK Global, Inc. 4,905 322,651 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) CDW Corp. 6,515 $ 413,246 * Ceva, Inc. 1,176 54,390 #* Ciena Corp. 16,331 420,523 #* Cimpress NV 2,389 210,805 * Cirrus Logic, Inc. 7,038 432,415 Cisco Systems, Inc. 190,767 5,999,622 * Citrix Systems, Inc. 4,198 331,558 * Clearfield, Inc. 600 6,900 Cognex Corp. 2,806 266,738 Cognizant Technology Solutions Corp. Class A 19,130 1,326,092 * Coherent, Inc. 2,588 685,820 Cohu, Inc. 4,350 79,257 * CommerceHub, Inc. Series A 667 12,166 * CommerceHub, Inc. Series C 1,335 24,003 * CommScope Holding Co., Inc. 14,740 542,137 Communications Systems, Inc. 400 1,720 Computer Task Group, Inc. 1,668 9,207 Comtech Telecommunications Corp. 4,246 76,428 Concurrent Computer Corp. 1,400 9,436 * Conduent, Inc. 20,081 331,537 * Control4 Corp. 3,066 70,058 Convergys Corp. 12,813 307,128 * CoreLogic, Inc. 14,750 671,862 #* CoStar Group, Inc. 602 165,881 * Cray, Inc. 5,378 110,787 * Cree, Inc. 12,130 314,288 CSG Systems International, Inc. 5,432 224,613 CTS Corp. 3,174 69,828 * CyberOptics Corp. 1,062 17,523 # Cypress Semiconductor Corp. 33,237 471,965 Daktronics, Inc. 6,045 59,120 * Datawatch Corp. 308 3,496 * Dell Technologies, Inc. Class V 7,117 457,410 * DHI Group, Inc. 3,750 8,250 # Diebold Nixdorf, Inc. 4,722 110,495 * Digi International, Inc. 3,785 39,553 * Diodes, Inc. 6,492 172,233 Dolby Laboratories, Inc. Class A 6,253 323,593 * DSP Group, Inc. 4,082 51,433 DST Systems, Inc. 8,690 477,081 DXC Technology Co. 18,339 1,437,411 * Eastman Kodak Co. 3,760 35,720 * eBay, Inc. 37,649 1,345,199 # Ebix, Inc. 3,114 179,834 * EchoStar Corp. Class A 5,650 343,124 * Electro Scientific Industries, Inc. 3,565 30,837 * Electronic Arts, Inc. 3,850 449,449 * Electronics for Imaging, Inc. 4,413 214,384 #* Ellie Mae, Inc. 631 55,036 #* eMagin Corp. 200 520 Emcore Corp. 2,998 34,777 * Endurance International Group Holdings, Inc. 4,695 43,429 * EnerNOC, Inc. 3,307 25,299 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Entegris, Inc. 18,514 $ 483,215 #* Envestnet, Inc. 1,464 57,169 * EPAM Systems, Inc. 2,093 179,851 * ePlus, Inc. 2,019 163,337 * Euronet Worldwide, Inc. 5,967 576,472 * ExlService Holdings, Inc. 3,595 206,892 * Extreme Networks, Inc. 9,702 85,281 * F5 Networks, Inc. 1,814 219,041 * Fabrinet 4,399 197,999 * Facebook, Inc. Class A 31,464 5,325,282 Fair Isaac Corp. 2,048 291,942 * FARO Technologies, Inc. 2,355 93,023 Fidelity National Information Services, Inc. 10,474 955,438 * Finisar Corp. 12,617 343,435 * Finjan Holdings, Inc. 4,611 14,479 #* First Data Corp. Class A 12,086 225,525 #* First Solar, Inc. 9,363 461,690 * Fiserv, Inc. 4,128 530,448 * FleetCor Technologies, Inc. 5,225 794,513 * Flex, Ltd. 44,706 714,849 FLIR Systems, Inc. 15,479 577,676 * FormFactor, Inc. 8,951 117,258 Forrester Research, Inc. 2,210 90,168 * Fortinet, Inc. 1,332 49,164 * Frequency Electronics, Inc. 400 3,440 * Gartner, Inc. 2,643 339,150 Genpact, Ltd. 27,871 808,259 Global Payments, Inc. 6,005 566,692 #* Globant SA 2,064 94,882 * GoDaddy, Inc. Class A 1,642 70,573 #* GrubHub, Inc. 4,398 202,880 * GSI Technology, Inc. 1,378 10,004 * GTT Communications, Inc. 6,829 208,626 #* Guidewire Software, Inc. 1,814 130,898 Hackett Group, Inc. (The) 5,170 84,891 #* Harmonic, Inc. 12,292 50,397 Hewlett Packard Enterprise Co. 92,626 1,621,881 HP, Inc. 24,742 472,572 * IAC/InterActiveCorp 2,859 299,137 * ID Systems, Inc. 100 683 * Identiv, Inc. 249 1,272 * II-VI, Inc. 7,574 288,569 #* Immersion Corp. 1,700 14,518 #* Infinera Corp. 15,731 184,525 * Innodata, Inc. 700 1,190 * Insight Enterprises, Inc. 4,000 162,080 * Integrated Device Technology, Inc. 9,293 242,919 Intel Corp. 220,182 7,809,856 InterDigital, Inc. 7,021 511,480 #* Internap Corp. 7,500 28,500 International Business Machines Corp. 20,188 2,920,598 Intuit, Inc. 3,638 499,170 #* IPG Photonics Corp. 5,476 835,857 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Itron, Inc. 4,749 $ 346,677 IXYS Corp. 3,718 64,693 # j2 Global, Inc. 7,233 612,129 Jabil, Inc. 28,844 879,742 Jack Henry & Associates, Inc. 2,704 290,193 Juniper Networks, Inc. 20,850 582,757 * Kemet Corp. 6,658 112,187 * Key Tronic Corp. 700 5,089 * Keysight Technologies, Inc. 14,842 617,279 * Kimball Electronics, Inc. 3,228 62,785 KLA-Tencor Corp. 5,271 488,253 #* Knowles Corp. 11,605 175,816 #* Kopin Corp. 8,422 32,004 * Kulicke & Soffa Industries, Inc. 10,924 235,303 * KVH Industries, Inc. 2,284 24,896 Lam Research Corp. 7,935 1,265,315 * Lattice Semiconductor Corp. 7,554 52,576 * Leaf Group, Ltd. 2,563 19,351 Leidos Holdings, Inc. 7,825 418,168 * Limelight Networks, Inc. 10,418 35,630 * Liquidity Services, Inc. 3,459 23,521 Littelfuse, Inc. 1,923 346,486 LogMeIn, Inc. 5,186 603,910 #* Lumentum Holdings, Inc. 4,456 278,946 * Luxoft Holding, Inc. 2,234 140,630 #* MACOM Technology Solutions Holdings, Inc. 1,566 94,821 #* MagnaChip Semiconductor Corp. 3,475 37,878 * Manhattan Associates, Inc. 5,332 235,674 * Marchex, Inc. Class B 3,498 10,144 Marvell Technology Group, Ltd. 28,673 446,152 Mastercard, Inc. Class A 14,624 1,868,947 #* Match Group, Inc. 2,683 48,965 Maxim Integrated Products, Inc. 7,059 320,761 MAXIMUS, Inc. 8,541 515,535 * MaxLinear, Inc. 6,537 171,269 * Maxwell Technologies, Inc. 1,381 8,079 #* Meet Group, Inc.(The) 6,244 31,345 # Mesa Laboratories, Inc. 456 65,906 Methode Electronics, Inc. 4,300 170,925 # Microchip Technology, Inc. 3,986 319,039 * Micron Technology, Inc. 79,107 2,224,489 * Microsemi Corp. 11,033 574,599 Microsoft Corp. 138,300 10,054,410 * MicroStrategy, Inc. Class A 1,129 151,862 MKS Instruments, Inc. 6,036 504,911 * MoneyGram International, Inc. 6,035 98,491 Monolithic Power Systems, Inc. 1,440 147,341 Monotype Imaging Holdings, Inc. 3,918 73,854 Motorola Solutions, Inc. 3,692 334,791 # MTS Systems Corp. 1,699 89,537 * Nanometrics, Inc. 2,275 60,629 * Napco Security Technologies, Inc. 990 9,059 # National Instruments Corp. 9,287 382,067 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * NCI, Inc. Class A 397 $ 7,920 * NCR Corp. 11,716 443,451 #* NeoPhotonics Corp. 3,479 28,076 NetApp, Inc. 18,106 786,163 * NETGEAR, Inc. 3,515 168,369 * Netscout Systems, Inc. 8,170 281,865 #* NeuStar, Inc. Class A 2,100 70,140 NIC, Inc. 5,661 91,991 * Novanta, Inc. 3,397 125,349 * Nuance Communications, Inc. 22,474 388,800 * Numerex Corp. Class A 800 3,788 NVE Corp. 473 37,310 NVIDIA Corp. 17,519 2,847,013 #* Oclaro, Inc. 9,370 91,639 * ON Semiconductor Corp. 53,397 798,285 Oracle Corp. 65,440 3,267,419 * OSI Systems, Inc. 2,000 159,940 #* Palo Alto Networks, Inc. 658 86,711 * PAR Technology Corp. 700 6,272 Park Electrochemical Corp. 2,637 49,549 Paychex, Inc. 6,490 375,446 #* Paycom Software, Inc. 3,105 217,629 * PayPal Holdings, Inc. 18,991 1,111,923 PC Connection, Inc. 3,626 93,551 PC-Tel, Inc. 700 4,977 * PCM, Inc. 1,200 14,850 #* PDF Solutions, Inc. 1,468 23,561 Pegasystems, Inc. 6,089 368,080 * Perceptron, Inc. 800 5,808 * Perficient, Inc. 4,198 78,922 * PFSweb, Inc. 1,937 15,147 * Photronics, Inc. 9,051 90,963 * Planet Payment, Inc. 6,963 22,560 Plantronics, Inc. 4,745 214,379 * Plexus Corp. 4,607 246,981 Power Integrations, Inc. 2,466 174,223 * PRGX Global, Inc. 2,000 12,500 Progress Software Corp. 6,127 196,125 * PTC, Inc. 827 45,642 QAD, Inc. Class A 1,197 37,526 QAD, Inc. Class B 160 4,150 #* Qorvo, Inc. 6,747 462,574 QUALCOMM, Inc. 56,491 3,004,756 * Qualys, Inc. 2,764 110,975 * QuinStreet, Inc. 2,573 10,009 * Radisys Corp. 4,051 9,884 * Rambus, Inc. 10,284 132,561 * RealNetworks, Inc. 4,961 21,580 * RealPage, Inc. 5,963 231,066 * Red Hat, Inc. 3,511 347,133 Reis, Inc. 600 12,840 Richardson Electronics, Ltd. 900 5,274 * Rogers Corp. 2,003 236,294 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * Rubicon Project, Inc. (The) 4,400 $ 20,680 * Rudolph Technologies, Inc. 3,503 86,699 # Sabre Corp. 7,386 163,452 * salesforce.com, Inc. 2,373 215,468 * Sanmina Corp. 9,651 345,988 * ScanSource, Inc. 3,455 136,818 Science Applications International Corp. 2,703 190,318 # Seagate Technology P.L.C. 9,931 327,326 * Semtech Corp. 6,833 270,587 #* ServiceNow, Inc. 1,346 148,666 * ServiceSource International, Inc. 4,300 16,340 * ShoreTel, Inc. 6,200 46,190 * Shutterstock, Inc. 2,603 109,690 * Sigma Designs, Inc. 4,966 32,279 * Silicon Laboratories, Inc. 5,190 389,769 #* Silver Spring Networks, Inc. 4,978 56,301 # Skyworks Solutions, Inc. 15,897 1,667,118 * SMTC Corp. 1,100 1,342 * Sonus Networks, Inc. 5,626 38,426 #* Splunk, Inc. 648 38,886 SS&C Technologies Holdings, Inc. 9,802 379,926 #* Stamps.com, Inc. 1,142 169,130 * StarTek, Inc. 2,316 28,487 * Stratasys, Ltd. 7,314 175,463 #* SunPower Corp. 9,564 106,543 * Super Micro Computer, Inc. 5,659 151,944 * Sykes Enterprises, Inc. 5,391 183,294 Symantec Corp. 11,114 344,423 #* Synaptics, Inc. 4,375 230,169 * Synchronoss Technologies, Inc. 4,424 74,677 SYNNEX Corp. 5,149 612,319 * Synopsys, Inc. 7,388 565,699 # Syntel, Inc. 5,808 113,198 Systemax, Inc. 3,556 64,435 #* Tableau Software, Inc. Class A 1,525 98,286 #* Take-Two Interactive Software, Inc. 4,743 376,974 TE Connectivity, Ltd. 17,158 1,379,332 * Tech Data Corp. 5,710 584,704 * TechTarget, Inc. 3,207 30,755 * Telenav, Inc. 4,400 33,000 TeleTech Holdings, Inc. 6,017 251,511 #* Teradata Corp. 18,750 596,625 Teradyne, Inc. 18,919 654,408 Tessco Technologies, Inc. 672 8,971 Texas Instruments, Inc. 22,027 1,792,557 TiVo Corp. 14,680 287,728 Total System Services, Inc. 12,321 781,891 TransAct Technologies, Inc. 400 3,540 Travelport Worldwide, Ltd. 11,352 162,334 * Travelzoo 2,000 21,000 * Tremor Video, Inc. 5,147 10,757 * Trimble, Inc. 12,142 454,475 * TTM Technologies, Inc. 16,342 284,024 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Information Technology -- (Continued) #* Twitter, Inc. 25,627 $ 412,338 #* Tyler Technologies, Inc. 521 89,513 #* Ubiquiti Networks, Inc. 4,227 230,372 #* Ultimate Software Group, Inc. (The) 302 68,164 * Ultra Clean Holdings, Inc. 4,387 102,875 #* Unisys Corp. 3,288 42,086 # Universal Display Corp. 1,975 238,185 * Vantiv, Inc. Class A 5,116 325,122 * VASCO Data Security International, Inc. 4,122 55,647 * Veeco Instruments, Inc. 7,204 221,883 #* VeriFone Systems, Inc. 10,890 212,464 * Verint Systems, Inc. 5,688 225,529 #* VeriSign, Inc. 2,100 212,457 Versum Materials, Inc. 6,632 233,844 #* ViaSat, Inc. 5,573 368,320 * Viavi Solutions, Inc. 22,100 242,437 * Virtusa Corp. 4,283 141,981 # Visa, Inc. Class A 33,055 3,290,956 # Vishay Intertechnology, Inc. 17,430 311,126 * Vishay Precision Group, Inc. 793 13,878 #* VMware, Inc. Class A 640 59,334 Wayside Technology Group, Inc. 200 3,440 * Web.com Group, Inc. 10,610 232,890 * WebMD Health Corp. 5,938 393,392 Western Digital Corp. 17,571 1,495,644 # Western Union Co. (The) 16,348 322,873 * WEX, Inc. 4,334 471,019 #* Workday, Inc. Class A 792 80,871 * Xcerra Corp. 6,903 67,028 # Xilinx, Inc. 6,896 436,241 * XO Group, Inc. 2,507 45,828 Xperi Corp. 6,670 195,098 YuMe, Inc. 3,100 13,454 #* Zebra Technologies Corp. Class A 6,818 693,527 * Zedge, Inc. Class B 1,022 2,116 * Zillow Group, Inc. Class A 4,406 200,165 #* Zillow Group, Inc. Class C 5,237 236,503 * Zix Corp. 5,219 27,817 #* Zynga, Inc. Class A 85,388 308,251 ------------ Total Information Technology 172,958,781 ------------ Materials -- (4.7%) A Schulman, Inc. 3,965 104,280 * AdvanSix, Inc. 5,953 199,306 #* AgroFresh Solutions, Inc. 3,300 25,740 Air Products & Chemicals, Inc. 3,600 511,740 #* AK Steel Holding Corp. 29,257 165,595 Albemarle Corp. 7,195 833,181 Alcoa Corp. 11,279 410,556 # Allegheny Technologies, Inc. 6,966 131,936 American Vanguard Corp. 4,707 83,314 Ampco-Pittsburgh Corp. 1,853 26,776 # AptarGroup, Inc. 9,367 758,071 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) Ashland Global Holdings, Inc. 6,084 $ 395,277 Avery Dennison Corp. 2,953 274,422 * Axalta Coating Systems, Ltd. 7,863 247,685 Balchem Corp. 4,088 317,229 # Ball Corp. 20,589 862,679 Bemis Co., Inc. 14,007 593,477 * Berry Global Group, Inc. 6,533 366,371 * Boise Cascade Co. 4,911 149,049 Cabot Corp. 8,705 472,943 Calgon Carbon Corp. 6,420 102,720 # Carpenter Technology Corp. 7,433 300,516 Celanese Corp. Series A 9,330 897,266 #* Century Aluminum Co. 11,382 190,990 # CF Industries Holdings, Inc. 17,643 517,822 Chase Corp. 1,440 155,592 Chemours Co. (The) 10,661 507,570 * Clearwater Paper Corp. 2,219 109,064 #* Cliffs Natural Resources, Inc. 27,638 213,365 * Coeur Mining, Inc. 9,812 81,243 Commercial Metals Co. 14,988 278,777 # Compass Minerals International, Inc. 5,141 354,986 * Core Molding Technologies, Inc. 1,483 28,281 * Crown Holdings, Inc. 4,311 256,375 Deltic Timber Corp. 982 70,832 Domtar Corp. 8,208 320,604 Dow Chemical Co. (The) 38,029 2,442,983 Eagle Materials, Inc. 5,490 516,609 Eastman Chemical Co. 11,263 936,631 Ecolab, Inc. 4,392 578,295 EI du Pont de Nemours & Co. 10,219 840,104 * Ferro Corp. 14,950 287,638 Ferroglobe P.L.C. 21,032 268,789 * Flotek Industries, Inc. 3,205 26,986 FMC Corp. 6,076 464,085 * Freeport-McMoRan, Inc. 108,330 1,583,785 Friedman Industries, Inc. 400 2,168 FutureFuel Corp. 5,733 83,472 * GCP Applied Technologies, Inc. 10,675 323,453 Gold Resource Corp. 7,506 31,825 Graphic Packaging Holding Co. 58,023 765,323 Greif, Inc. Class A 5,069 284,320 Greif, Inc. Class B 1,804 108,060 * Handy & Harman, Ltd. 700 23,170 Hawkins, Inc. 1,217 54,704 Haynes International, Inc. 1,816 56,804 HB Fuller Co. 7,401 381,300 Hecla Mining Co. 51,388 278,009 Huntsman Corp. 41,173 1,096,025 * Ingevity Corp. 5,142 300,807 Innophos Holdings, Inc. 2,105 87,926 Innospec, Inc. 2,796 174,470 International Flavors & Fragrances, Inc. 1,600 213,088 International Paper Co. 9,199 505,761 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Materials -- (Continued) #* Intrepid Potash, Inc. 24,709 $ 74,868 # Kaiser Aluminum Corp. 1,125 109,451 KapStone Paper and Packaging Corp. 13,014 297,500 KMG Chemicals, Inc. 2,571 130,144 * Koppers Holdings, Inc. 2,199 79,824 * Kraton Corp. 5,652 210,254 Kronos Worldwide, Inc. 11,641 248,186 * Louisiana-Pacific Corp. 18,491 464,309 * LSB Industries, Inc. 2,432 17,219 LyondellBasell Industries NV Class A 6,834 615,675 Martin Marietta Materials, Inc. 2,863 648,269 Materion Corp. 2,500 96,125 Mercer International, Inc. 8,133 89,463 Minerals Technologies, Inc. 4,597 325,468 Monsanto Co. 6,200 724,284 Mosaic Co. (The) 21,506 519,155 Myers Industries, Inc. 8,723 148,291 Neenah Paper, Inc. 3,401 271,740 NewMarket Corp. 868 399,376 Newmont Mining Corp. 32,386 1,203,788 Nucor Corp. 19,830 1,143,596 Olin Corp. 21,720 640,306 Olympic Steel, Inc. 1,248 21,328 * OMNOVA Solutions, Inc. 6,502 61,119 #* Owens-Illinois, Inc. 13,094 312,947 Packaging Corp. of America 4,761 521,234 PH Glatfelter Co. 5,939 121,571 #* Platform Specialty Products Corp. 31,580 442,436 PolyOne Corp. 14,047 513,839 PPG Industries, Inc. 5,117 538,564 Praxair, Inc. 4,738 616,698 Quaker Chemical Corp. 1,734 246,003 # Rayonier Advanced Materials, Inc. 9,093 135,577 #* Real Industry, Inc. 3,947 11,644 Reliance Steel & Aluminum Co. 8,348 604,061 Royal Gold, Inc. 6,438 557,917 RPM International, Inc. 5,352 277,608 * Ryerson Holding Corp. 2,729 23,606 Schnitzer Steel Industries, Inc. Class A 3,400 87,720 # Scotts Miracle-Gro Co. (The) 4,177 400,950 Sealed Air Corp. 5,961 259,363 Sensient Technologies Corp. 4,598 341,907 Sherwin-Williams Co. (The) 959 323,442 Silgan Holdings, Inc. 15,910 482,073 Sonoco Products Co. 14,688 712,074 Southern Copper Corp. 1,732 68,137 Steel Dynamics, Inc. 16,777 594,074 Stepan Co. 3,029 248,893 * Summit Materials, Inc. Class A 11,614 330,302 * SunCoke Energy, Inc. 9,445 84,533 * Synalloy Corp. 498 5,627 #* TimkenSteel Corp. 5,576 88,603 * Trecora Resources 2,437 28,147 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Tredegar Corp. 3,599 $ 54,345 Trinseo SA 7,041 494,982 Tronox, Ltd. Class A 9,511 184,323 * UFP Technologies, Inc. 1,356 39,121 United States Lime & Minerals, Inc. 600 48,732 # United States Steel Corp. 16,341 383,850 #* Universal Stainless & Alloy Products, Inc. 900 17,100 #* US Concrete, Inc. 2,301 180,283 Valvoline, Inc. 9,176 208,020 Vulcan Materials Co. 5,752 708,186 Westlake Chemical Corp. 3,443 242,249 WestRock Co. 15,676 900,116 Worthington Industries, Inc. 7,388 374,350 WR Grace & Co. 5,203 358,799 ----------- Total Materials 45,745,964 ----------- Real Estate -- (0.5%) Alexander & Baldwin, Inc. 7,867 329,863 * Altisource Asset Management Corp. 75 6,900 #* Altisource Portfolio Solutions SA 1,456 37,987 * CBRE Group, Inc. Class A 32,048 1,217,503 Consolidated-Tomoka Land Co. 400 22,176 * Forestar Group, Inc. 5,191 89,026 * FRP Holdings, Inc. 1,138 52,519 Griffin Industrial Realty, Inc. 375 12,071 HFF, Inc. Class A 6,696 245,877 * Howard Hughes Corp. (The) 3,644 458,452 Jones Lang LaSalle, Inc. 5,667 720,956 Kennedy-Wilson Holdings, Inc. 11,213 225,381 * Marcus & Millichap, Inc. 7,113 182,093 * Maui Land & Pineapple Co., Inc. 2,984 51,772 RE/MAX Holdings, Inc. Class A 2,161 125,662 # Realogy Holdings Corp. 18,005 597,766 RMR Group, Inc. (The) Class A 3,242 158,372 #* St Joe Co. (The) 6,481 116,982 Stratus Properties, Inc. 889 25,470 * Tejon Ranch Co. 2,696 56,562 ----------- Total Real Estate 4,733,390 ----------- Telecommunication Services -- (2.5%) * Alaska Communications Systems Group, Inc. 2,160 4,860 AT&T, Inc. 365,487 14,253,993 ATN International, Inc. 2,046 118,668 * Boingo Wireless, Inc. 8,791 130,370 # CenturyLink, Inc. 58,576 1,363,063 * Cincinnati Bell, Inc. 4,288 79,971 Cogent Communications Holdings, Inc. 4,313 180,068 Consolidated Communications Holdings, Inc. 10,329 185,922 # Frontier Communications Corp. 3,122 47,798 * General Communication, Inc. Class A 5,129 218,854 * Hawaiian Telcom Holdco, Inc. 1,165 34,065 IDT Corp. Class B 3,759 55,671 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Telecommunication Services -- (Continued) * Intelsat SA 5,585 $ 17,704 #* Iridium Communications, Inc. 4,837 48,128 * Level 3 Communications, Inc. 9,472 555,817 * Lumos Networks Corp. 3,100 55,521 * ORBCOMM, Inc. 6,642 77,114 Shenandoah Telecommunications Co. 10,249 315,157 Spok Holdings, Inc. 2,587 42,427 * Sprint Corp. 65,319 521,246 * T-Mobile US, Inc. 16,007 986,992 Telephone & Data Systems, Inc. 12,505 355,517 * United States Cellular Corp. 2,520 95,458 Verizon Communications, Inc. 84,639 4,096,527 * Vonage Holdings Corp. 28,743 189,991 # Windstream Holdings, Inc. 22,606 85,677 * Zayo Group Holdings, Inc. 8,103 265,697 ----------- Total Telecommunication Services 24,382,276 ----------- Utilities -- (2.0%) AES Corp. 15,048 168,237 ALLETE, Inc. 2,920 213,948 Alliant Energy Corp. 5,115 207,311 Ameren Corp. 5,393 302,547 American Electric Power Co., Inc. 6,201 437,419 American States Water Co. 3,510 173,569 American Water Works Co., Inc. 3,782 306,720 # Aqua America, Inc. 10,174 339,608 Artesian Resources Corp. Class A 900 35,001 * Atlantic Power Corp. 16,242 37,357 Atlantica Yield PLC 8,417 181,891 Atmos Energy Corp. 2,979 258,458 # Avangrid, Inc. 2,475 112,414 # Avista Corp. 5,597 294,458 # Black Hills Corp. 3,036 211,488 California Water Service Group 4,696 182,674 * Calpine Corp. 66,007 949,181 CenterPoint Energy, Inc. 9,448 266,339 Chesapeake Utilities Corp. 1,546 119,428 CMS Energy Corp. 5,870 271,429 Connecticut Water Service, Inc. 1,334 76,011 # Consolidated Edison, Inc. 3,460 286,696 Consolidated Water Co., Ltd. 959 12,371 Delta Natural Gas Co., Inc. 591 17,984 Dominion Energy, Inc. 7,336 566,192 DTE Energy Co. 4,058 434,449 Duke Energy Corp. 8,250 702,240 #* Dynegy, Inc. 22,666 203,541 Edison International 3,944 310,314 El Paso Electric Co. 4,523 234,744 Entergy Corp. 3,708 284,478 # Eversource Energy 5,899 358,600 Exelon Corp. 10,499 402,532 FirstEnergy Corp. 9,736 310,676 Gas Natural, Inc. 700 9,065 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Utilities -- (Continued) Genie Energy, Ltd. Class B 1,601 $ 10,615 Great Plains Energy, Inc. 5,224 161,213 Hawaiian Electric Industries, Inc. 5,913 195,070 # IDACORP, Inc. 3,064 264,607 # MDU Resources Group, Inc. 10,122 266,715 MGE Energy, Inc. 3,252 216,421 Middlesex Water Co. 1,938 76,047 # National Fuel Gas Co. 4,485 265,557 New Jersey Resources Corp. 5,510 232,246 NextEra Energy, Inc. 5,231 764,197 NiSource, Inc. 10,542 274,725 Northwest Natural Gas Co. 2,532 159,769 # NorthWestern Corp. 2,582 149,214 NRG Energy, Inc. 45,074 1,109,722 NRG Yield, Inc. Class A 1,604 29,241 # NRG Yield, Inc. Class C 3,420 63,612 OGE Energy Corp. 5,000 179,300 ONE Gas, Inc. 3,374 245,560 Ormat Technologies, Inc. 6,540 387,822 Otter Tail Corp. 3,697 149,544 Pattern Energy Group, Inc. 8,594 215,709 PG&E Corp. 5,726 387,593 Pinnacle West Capital Corp. 2,439 211,534 # PNM Resources, Inc. 4,758 189,606 Portland General Electric Co. 5,000 223,450 PPL Corp. 8,059 308,901 Public Service Enterprise Group, Inc. 5,117 230,111 RGC Resources, Inc. 150 4,028 SCANA Corp. 3,136 201,864 # Sempra Energy 2,713 306,596 SJW Corp. 1,848 97,704 South Jersey Industries, Inc. 4,824 163,871 Southern Co. (The) 11,106 532,311 Southwest Gas Holdings, Inc. 2,701 216,350 # Spark Energy, Inc. Class A 1,000 20,800 Spire, Inc. 3,100 225,060 UGI Corp. 5,579 281,572 Unitil Corp. 1,532 77,749 Vectren Corp. 4,544 273,140 # WEC Energy Group, Inc. 5,507 346,776 Westar Energy, Inc. 5,593 283,845 WGL Holdings, Inc. 3,001 257,246 Xcel Energy, Inc. 8,217 388,746 York Water Co. (The) 1,162 40,438 ------------ Total Utilities 19,965,567 ------------ TOTAL COMMON STOCKS 892,185,451 ------------ RIGHTS/WARRANTS -- (0.0%) (degrees)* Dyax Corp. Contingent Value Rights 2,300 2,553 (degrees)#* Safeway Casa Ley Contingent Value Rights 11,539 11,711 U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ (degrees)* Safeway PDC, LLC Contingent Value Rights 11,539 $ 3 ------------ TOTAL RIGHTS/WARRANTS 14,267 ------------ TOTAL INVESTMENT SECURITIES 892,199,718 ------------ TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional U.S. Government Money Market Fund, 0.940% 3,161,890 3,161,890 ------------ SECURITIES LENDING COLLATERAL -- (8.6%) (S)@ DFA Short Term Investment Fund 7,302,789 84,507,872 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $731,074,579)^^ $979,869,480 ============ U.S. SOCIAL CORE EQUITY 2 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary $148,452,009 $ 27,549 -- $148,479,558 Consumer Staples 50,059,166 -- -- 50,059,166 Energy 52,949,086 -- -- 52,949,086 Financials 188,986,260 -- -- 188,986,260 Health Care 66,645,165 -- -- 66,645,165 Industrials 117,280,238 -- -- 117,280,238 Information Technology 172,958,781 -- -- 172,958,781 Materials 45,745,964 -- -- 45,745,964 Real Estate 4,733,390 -- -- 4,733,390 Telecommunication Services 24,382,276 -- -- 24,382,276 Utilities 19,965,567 -- -- 19,965,567 Rights/Warrants -- 14,267 -- 14,267 Temporary Cash Investments 3,161,890 -- -- 3,161,890 Securities Lending Collateral -- 84,507,872 -- 84,507,872 ------------ ----------- -- ------------ TOTAL $895,319,792 $84,549,688 -- $979,869,480 ============ =========== == ============ U.S. SUSTAINABILITY CORE 1 PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------ ----------- COMMON STOCKS -- (92.3%) Consumer Discretionary -- (16.2%) * 1-800-Flowers.com, Inc. Class A 4,534 $ 43,753 A.H. Belo Corp. Class A 200 1,060 Aaron's, Inc. 8,552 395,787 # Abercrombie & Fitch Co. Class A 10,569 103,999 Adient P.L.C. 3,735 244,530 Advance Auto Parts, Inc. 4,271 478,395 * Amazon.com, Inc. 25,127 24,819,948 # AMC Entertainment Holdings, Inc. Class A 7,693 156,937 #* AMC Networks, Inc. Class A 6,839 437,354 * America's Car-Mart, Inc. 715 28,028 * American Axle & Manufacturing Holdings, Inc. 6,624 97,638 American Eagle Outfitters, Inc. 25,036 296,426 * American Outdoor Brands Corp. 7,290 150,684 Aramark 14,115 562,624 Ark Restaurants Corp. 2,000 45,480 * Asbury Automotive Group, Inc. 3,130 169,020 #* Ascena Retail Group, Inc. 16,055 37,569 * Ascent Capital Group, Inc. Class A 595 10,056 # Autoliv, Inc. 8,838 957,951 #* AutoNation, Inc. 12,939 548,355 #* AutoZone, Inc. 862 465,325 #* AV Homes, Inc. 2,224 35,695 * Ballantyne Strong, Inc. 1,448 9,846 * Barnes & Noble Education, Inc. 6,482 46,865 Barnes & Noble, Inc. 2,178 17,751 Bassett Furniture Industries, Inc. 1,000 37,200 Beasley Broadcast Group, Inc. Class A 1,101 11,561 * Beazer Homes USA, Inc. 6,286 83,352 # Bed Bath & Beyond, Inc. 18,461 551,984 Best Buy Co., Inc. 41,118 2,398,824 # Big 5 Sporting Goods Corp. 2,727 29,315 Big Lots, Inc. 4,463 221,677 * Biglari Holdings, Inc. 112 41,924 * BJ's Restaurants, Inc. 1,890 66,717 #* Black Diamond, Inc. 2,100 13,650 Bloomin' Brands, Inc. 11,210 195,390 Bob Evans Farms, Inc. 1,910 132,134 * Bojangles', Inc. 4,011 53,346 #* Boot Barn Holdings, Inc. 1,500 12,015 # BorgWarner, Inc. 13,623 636,739 * Bravo Brio Restaurant Group, Inc. 2,335 8,056 Brinker International, Inc. 4,620 163,871 Brunswick Corp. 10,090 571,195 # Buckle, Inc. (The) 733 12,534 * Buffalo Wild Wings, Inc. 1,880 202,100 * Build-A-Bear Workshop, Inc. 1,300 12,480 * Burlington Stores, Inc. 4,851 422,183 * Cabela's, Inc. 7,563 430,940 Cable One, Inc. 800 607,920 # CalAtlantic Group, Inc. 22,590 792,909 Caleres, Inc. 4,938 134,709 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Callaway Golf Co. 10,783 $ 137,268 * Cambium Learning Group, Inc. 3,100 15,252 #* CarMax, Inc. 19,582 1,297,307 * Carrols Restaurant Group, Inc. 4,467 54,497 Carter's, Inc. 7,515 651,776 Cato Corp. (The) Class A 2,771 47,135 * Cavco Industries, Inc. 1,878 244,891 CBS Corp. Class B 27,713 1,824,347 CBS Corp. Class A 482 31,855 * Century Casinos, Inc. 1,500 10,785 * Century Communities, Inc. 3,463 89,692 * Charter Communications, Inc. Class A 12,376 4,850,278 # Cheesecake Factory, Inc. (The) 4,899 233,094 * Cherokee, Inc. 1,276 6,699 Chico's FAS, Inc. 16,368 149,767 # Children's Place, Inc. (The) 2,479 261,906 #* Chipotle Mexican Grill, Inc. 607 208,668 #* Chuy's Holdings, Inc. 1,407 33,135 Cinemark Holdings, Inc. 17,579 683,823 Citi Trends, Inc. 2,012 44,566 Clear Channel Outdoor Holdings, Inc. Class A 6,385 32,372 ClubCorp Holdings, Inc. 3,230 54,748 Coach, Inc. 25,161 1,186,090 Collectors Universe, Inc. 906 22,541 Columbia Sportswear Co. 8,430 510,689 Comcast Corp. Class A 341,001 13,793,490 #* Conn's, Inc. 165 3,531 * Cooper-Standard Holdings, Inc. 1,318 134,779 # Cracker Barrel Old Country Store, Inc. 2,393 371,992 * Crocs, Inc. 3,787 30,069 CSS Industries, Inc. 242 6,478 Culp, Inc. 882 26,460 #* Daily Journal Corp. 490 100,352 Dana, Inc. 13,204 313,199 * Dave & Buster's Entertainment, Inc. 4,837 300,426 * Deckers Outdoor Corp. 4,504 292,129 * Del Frisco's Restaurant Group, Inc. 1,909 27,108 #* Del Taco Restaurants, Inc. 3,674 48,093 Delphi Automotive P.L.C. 13,354 1,207,469 * Delta Apparel, Inc. 231 4,858 * Denny's Corp. 6,766 76,862 #* Destination XL Group, Inc. 3,519 7,038 Dick's Sporting Goods, Inc. 9,752 364,140 # Dillard's, Inc. Class A 3,924 289,670 # DineEquity, Inc. 2,045 84,131 #* Discovery Communications, Inc. Class A 30,230 743,658 * Discovery Communications, Inc. Class C 44,085 1,019,686 * DISH Network Corp. Class A 14,438 924,465 Dollar General Corp. 21,042 1,581,517 * Dollar Tree, Inc. 24,878 1,793,206 Domino's Pizza, Inc. 3,436 640,814 * Dorman Products, Inc. 2,053 160,298 DR Horton, Inc. 43,323 1,546,198 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) Drive Shack, Inc. 10,475 $ 32,053 DSW, Inc. Class A 7,435 134,127 # Dunkin' Brands Group, Inc. 12,723 674,701 * El Pollo Loco Holdings, Inc. 1,700 22,100 #* Eldorado Resorts, Inc. 3,223 65,749 # Entercom Communications Corp. Class A 5,908 58,194 Entravision Communications Corp. Class A 9,616 62,504 Escalade, Inc. 1,044 12,893 Ethan Allen Interiors, Inc. 3,084 98,842 #* Etsy, Inc. 6,017 86,464 * EVINE Live, Inc. 3,932 4,679 * EW Scripps Co. (The) Class A 13,731 269,814 # Expedia, Inc. 5,053 790,643 * Express, Inc. 2,351 14,247 * Fiesta Restaurant Group, Inc. 2,341 39,329 # Finish Line, Inc. (The) Class A 4,376 60,214 * Five Below, Inc. 8,433 407,398 Flexsteel Industries, Inc. 561 31,405 # Foot Locker, Inc. 9,021 425,701 Ford Motor Co. 207,267 2,325,536 #* Fossil Group, Inc. 6,182 69,547 * Fox Factory Holding Corp. 3,872 148,878 * Francesca's Holdings Corp. 5,663 55,101 # Fred's, Inc. Class A 4,728 32,009 * FTD Cos., Inc. 3,046 59,854 #* G-III Apparel Group, Ltd. 6,454 167,998 # GameStop Corp. Class A 18,630 404,085 Gannett Co., Inc. 12,314 110,457 # Gap, Inc. (The) 50,033 1,192,286 # Garmin, Ltd. 12,115 608,052 General Motors Co. 49,214 1,770,720 * Genesco, Inc. 2,582 82,882 Gentex Corp. 22,000 374,440 * Gentherm, Inc. 2,442 81,685 Genuine Parts Co. 12,468 1,058,907 #* Global Eagle Entertainment, Inc. 2,295 7,252 * Gray Television, Inc. 18,195 271,105 * Green Brick Partners, Inc. 1,323 14,884 Group 1 Automotive, Inc. 2,300 136,965 # Guess?, Inc. 6,619 86,444 #* Habit Restaurants, Inc. (The) Class A 3,908 64,287 # Hanesbrands, Inc. 16,792 384,873 # Harley-Davidson, Inc. 17,210 837,611 Hasbro, Inc. 10,722 1,135,245 Haverty Furniture Cos., Inc. 2,689 59,830 * Helen of Troy, Ltd. 2,970 299,227 * Hemisphere Media Group, Inc. 1,000 12,500 * Hibbett Sports, Inc. 200 3,120 Home Depot, Inc. (The) 60,039 8,981,834 Hooker Furniture Corp. 800 33,760 #* Horizon Global Corp. 1,167 16,268 HSN, Inc. 4,143 164,270 * Hyatt Hotels Corp. Class A 1,693 94,080 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) #* Iconix Brand Group, Inc. 7,099 $ 47,350 * IMAX Corp. 3,333 71,326 * Installed Building Products, Inc. 6,686 359,707 # International Game Technology P.L.C. 14,669 279,298 Interpublic Group of Cos., Inc. (The) 57,504 1,242,661 #* iRobot Corp. 2,559 270,000 * J Alexander's Holdings, Inc. 942 9,938 Jack in the Box, Inc. 2,744 254,533 #* JC Penney Co., Inc. 25,567 138,317 John Wiley & Sons, Inc. Class A 6,950 383,987 John Wiley & Sons, Inc. Class B 200 11,068 Johnson Outdoors, Inc. Class A 569 28,746 KB Home 20,227 463,603 * Kirkland's, Inc. 1,705 15,942 # Kohl's Corp. 11,719 484,581 # L Brands, Inc. 6,533 303,066 La-Z-Boy, Inc. 5,675 191,815 * Lakeland Industries, Inc. 1,175 17,684 Las Vegas Sands Corp. 11,842 729,586 # LCI Industries 2,980 318,115 Lear Corp. 6,090 902,477 Lennar Corp. Class A 23,590 1,237,060 Lennar Corp. Class B 1,425 63,370 * Liberty Broadband Corp. Class A 1,472 145,610 * Liberty Broadband Corp. Class C 8,359 829,046 * Liberty Expedia Holdings, Inc. Class A 1,286 73,366 * Liberty Interactive Corp., QVC Group Class A 42,490 1,017,211 * Liberty Media Corp.-Liberty Braves Class A 527 13,301 * Liberty Media Corp.-Liberty Braves Class C 1,166 29,418 #* Liberty Media Corp.-Liberty Formula One Class A 1,318 44,482 * Liberty Media Corp.-Liberty Formula One Class C 2,915 102,521 * Liberty Media Corp.-Liberty SiriusXM Class A 5,275 243,336 * Liberty Media Corp.-Liberty SiriusXM Class C 11,661 536,406 Liberty Tax, Inc. 1,115 15,721 * Liberty TripAdvisor Holdings, Inc. Class A 7,801 91,662 * Liberty Ventures Series A 4,369 264,674 Lifetime Brands, Inc. 1,200 22,740 * Lincoln Educational Services Corp. 4,082 12,695 # Lions Gate Entertainment Corp. Class A 7,272 213,797 * Lions Gate Entertainment Corp. Class B 10,851 298,511 # Lithia Motors, Inc. Class A 3,140 324,205 * Live Nation Entertainment, Inc. 22,405 835,034 * LKQ Corp. 28,516 985,513 Lowe's Cos., Inc. 23,062 1,784,999 #* Lululemon Athletica, Inc. 8,620 531,337 * M/I Homes, Inc. 4,720 122,437 Macy's, Inc. 40,170 954,037 * Madison Square Garden Co. (The) Class A 1,833 402,747 * Malibu Boats, Inc. Class A 1,300 37,193 Marine Products Corp. 1,421 20,633 * MarineMax, Inc. 2,985 44,626 # Mattel, Inc. 17,178 343,904 McDonald's Corp. 19,433 3,014,836 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) MDC Holdings, Inc. 11,256 $ 385,968 (degrees) Media General, Inc. 7,656 15,465 # Meredith Corp. 5,254 312,350 * Meritage Homes Corp. 7,013 285,780 # MGM Resorts International 8,144 268,182 * Michael Kors Holdings, Ltd. 12,563 457,796 * Michaels Cos., Inc. (The) 18,981 382,277 * Modine Manufacturing Co. 3,297 53,576 # Monro Muffler Brake, Inc. 2,190 102,054 #* Motorcar Parts of America, Inc. 1,259 35,214 Movado Group, Inc. 605 14,883 * MSG Networks, Inc. Class A 7,253 155,214 #* Murphy USA, Inc. 4,391 332,530 * Nathan's Famous, Inc. 200 12,500 National American University Holdings, Inc. 7,307 16,368 National CineMedia, Inc. 9,741 69,648 #* Nautilus, Inc. 3,718 65,437 * Netflix, Inc. 12,685 2,304,357 * New Home Co., Inc. (The) 994 10,745 New Media Investment Group, Inc. 5,943 82,845 * New York & Co., Inc. 4,752 7,413 New York Times Co. (The) Class A 18,700 355,300 Newell Brands, Inc. 7,440 392,237 News Corp. Class A 17,578 251,541 News Corp. Class B 8,570 125,979 # Nexstar Media Group, Inc. Class A 11,497 751,904 # Nordstrom, Inc. 11,382 552,824 Nutrisystem, Inc. 3,326 185,424 * NVR, Inc. 398 1,038,955 #* O'Reilly Automotive, Inc. 4,312 880,942 Office Depot, Inc. 69,046 405,300 #* Ollie's Bargain Outlet Holdings, Inc. 5,971 266,904 # Omnicom Group, Inc. 25,573 2,013,618 * Overstock.com, Inc. 3,993 63,888 Oxford Industries, Inc. 2,924 184,592 # Papa John's International, Inc. 3,147 224,476 #* Party City Holdco, Inc. 9,088 126,778 Peak Resorts, Inc. 1,900 9,928 #* Penn National Gaming, Inc. 2,522 50,844 Penske Automotive Group, Inc. 10,995 478,722 * Perry Ellis International, Inc. 1,100 21,604 PetMed Express, Inc. 3,207 152,461 Pier 1 Imports, Inc. 9,693 44,685 # Planet Fitness, Inc. Class A 6,757 153,114 # Polaris Industries, Inc. 9,375 840,562 Pool Corp. 3,901 421,776 * Potbelly Corp. 1,810 20,815 * Priceline Group, Inc. (The) 1,943 3,941,375 PulteGroup, Inc. 33,869 827,081 PVH Corp. 6,166 735,542 # Ralph Lauren Corp. 4,776 361,304 RCI Hospitality Holdings, Inc. 288 6,535 * Reading International, Inc. Class A 1,600 25,536 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) * Red Lion Hotels Corp. 1,771 $ 12,663 * Red Robin Gourmet Burgers, Inc. 1,171 70,026 # Regal Entertainment Group Class A 13,012 247,488 # Rent-A-Center, Inc. 4,988 65,941 Ross Stores, Inc. 17,990 995,207 Ruth's Hospitality Group, Inc. 4,263 85,260 Saga Communications, Inc. Class A 369 14,336 Salem Media Group, Inc. 1,000 7,150 #* Sally Beauty Holdings, Inc. 11,257 227,729 Scholastic Corp. 4,418 183,038 #* Scientific Games Corp. Class A 5,334 197,625 # Scripps Networks Interactive, Inc. Class A 13,906 1,215,523 # SeaWorld Entertainment, Inc. 3,848 59,182 * Select Comfort Corp. 5,045 170,571 #* Sequential Brands Group, Inc. 2,082 6,683 * ServiceMaster Global Holdings, Inc. 18,501 813,304 #* Shake Shack, Inc. Class A 928 30,633 * Shiloh Industries, Inc. 1,200 8,904 Shoe Carnival, Inc. 2,176 39,734 * Shutterfly, Inc. 3,565 174,828 # Signet Jewelers, Ltd. 7,889 482,491 Sinclair Broadcast Group, Inc. Class A 19,131 689,673 # Sirius XM Holdings, Inc. 85,729 502,372 # Six Flags Entertainment Corp. 4,957 281,905 * Skechers U.S.A., Inc. Class A 15,176 426,294 # Sonic Automotive, Inc. Class A 1,600 29,040 # Sonic Corp. 3,600 85,176 * Sotheby's 5,037 285,044 Speedway Motorsports, Inc. 2,775 58,996 #* Sportsman's Warehouse Holdings, Inc. 2,568 11,633 # Stage Stores, Inc. 2,445 4,866 Standard Motor Products, Inc. 1,900 95,722 Staples, Inc. 61,479 624,012 Starbucks Corp. 43,384 2,341,868 # Stein Mart, Inc. 5,735 7,972 * Steven Madden, Ltd. 8,860 363,260 * Stoneridge, Inc. 2,300 35,098 Sturm Ruger & Co., Inc. 2,289 131,846 Superior Uniform Group, Inc. 923 20,611 * Tandy Leather Factory, Inc. 1,562 13,824 # Target Corp. 15,300 867,051 * Taylor Morrison Home Corp. Class A 16,866 381,509 TEGNA, Inc. 44,398 658,422 #* Tempur Sealy International, Inc. 6,815 393,021 Tenneco, Inc. 4,755 262,951 * Tesla, Inc. 2,387 772,123 Texas Roadhouse, Inc. 7,283 344,486 Thor Industries, Inc. 6,707 706,582 # Tiffany & Co. 10,207 974,871 # Tile Shop Holdings, Inc. 5,547 80,986 Tilly's, Inc. Class A 804 8,024 Time Warner, Inc. 48,537 4,971,160 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) Time, Inc. 13,525 $ 190,026 TJX Cos., Inc. (The) 33,356 2,345,260 Toll Brothers, Inc. 23,128 892,510 * TopBuild Corp. 3,356 177,130 Tower International, Inc. 1,600 39,520 * Townsquare Media, Inc. Class A 1,134 12,542 # Tractor Supply Co. 7,303 409,844 * Trans World Entertainment Corp. 1,000 1,750 * TRI Pointe Group, Inc. 29,811 396,486 Tribune Media Co. Class A 5,261 221,751 #* TripAdvisor, Inc. 3,700 144,374 * tronc, Inc. 4,586 58,563 #* Tuesday Morning Corp. 4,976 9,206 Tupperware Brands Corp. 4,408 267,610 Twenty-First Century Fox, Inc. Class A 72,897 2,121,303 Twenty-First Century Fox, Inc. Class B 30,128 864,372 * UCP, Inc. Class A 655 7,303 * Ulta Salon Cosmetics & Fragrance, Inc. 4,537 1,139,740 #* Under Armour, Inc. Class A 8,200 164,164 #* Under Armour, Inc. Class C 5,736 103,879 * Unifi, Inc. 2,214 72,531 Unique Fabricating, Inc. 842 7,368 * Universal Electronics, Inc. 1,355 92,750 * Universal Technical Institute, Inc. 2,800 9,968 #* Urban Outfitters, Inc. 13,676 267,913 * US Auto Parts Network, Inc. 3,173 8,282 Vail Resorts, Inc. 587 123,716 * Vera Bradley, Inc. 4,500 45,360 # Viacom, Inc. Class A 2,977 120,568 Viacom, Inc. Class B 73,115 2,553,176 * Vista Outdoor, Inc. 5,989 138,286 * Visteon Corp. 5,028 560,823 * Vitamin Shoppe, Inc. 1,139 12,529 * VOXX International Corp. 2,400 16,080 Walt Disney Co. (The) 65,247 7,172,603 * Wayfair, Inc. Class A 1,452 110,860 Wendy's Co. (The) 31,852 491,795 West Marine, Inc. 1,791 23,086 Weyco Group, Inc. 1,334 37,192 Whirlpool Corp. 7,600 1,351,888 #* William Lyon Homes Class A 4,817 108,912 # Williams-Sonoma, Inc. 12,654 587,525 #* Wingstop, Inc. 4,347 130,453 Winmark Corp. 415 55,216 Winnebago Industries, Inc. 3,145 115,736 Wolverine World Wide, Inc. 9,755 275,091 # World Wrestling Entertainment, Inc. Class A 3,331 70,484 Wyndham Worldwide Corp. 4,101 428,021 # Wynn Resorts, Ltd. 6,800 879,512 * ZAGG, Inc. 2,300 19,435 #* Zoe's Kitchen, Inc. 968 10,948 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) #* Zumiez, Inc. 3,334 $ 42,342 ------------ Total Consumer Discretionary 190,528,019 ------------ Consumer Staples -- (6.2%) Alico, Inc. 390 11,778 #* Amplify Snack Brands, Inc. 12,790 133,783 Andersons, Inc. (The) 3,239 111,584 #* Avon Products, Inc. 69,117 251,586 # B&G Foods, Inc. 4,822 174,797 #* Blue Buffalo Pet Products, Inc. 11,534 258,016 #* Boston Beer Co., Inc. (The) Class A 940 147,392 Brown-Forman Corp. Class A 4,065 209,510 Brown-Forman Corp. Class B 15,844 782,694 # Calavo Growers, Inc. 1,114 82,492 Campbell Soup Co. 4,593 242,648 # Casey's General Stores, Inc. 5,989 639,326 * Central Garden & Pet Co. 983 31,456 * Central Garden & Pet Co. Class A 4,343 133,591 #* Chefs' Warehouse, Inc. (The) 4,200 60,900 Church & Dwight Co., Inc. 14,076 750,955 Clorox Co. (The) 8,343 1,113,707 Coca-Cola Bottling Co. Consolidated 1,099 263,859 Coca-Cola Co. (The) 161,836 7,418,562 Colgate-Palmolive Co. 30,603 2,209,537 Constellation Brands, Inc. Class A 5,780 1,117,563 Costco Wholesale Corp. 34,027 5,393,620 # Coty, Inc. Class A 57,587 1,179,382 * Craft Brew Alliance, Inc. 1,900 33,250 CVS Health Corp. 74,212 5,931,765 * Darling Ingredients, Inc. 13,000 211,510 Dr Pepper Snapple Group, Inc. 12,522 1,141,505 Energizer Holdings, Inc. 6,013 277,019 Estee Lauder Cos., Inc. (The) Class A 13,977 1,383,583 * Farmer Brothers Co. 936 29,156 General Mills, Inc. 11,605 645,934 #* Hain Celestial Group, Inc. (The) 11,454 512,108 #* Herbalife, Ltd. 10,500 698,355 * HRG Group, Inc. 33,215 550,373 Ingles Markets, Inc. Class A 1,743 51,418 Inter Parfums, Inc. 5,710 221,548 J&J Snack Foods Corp. 1,094 143,752 JM Smucker Co. (The) 8,894 1,084,179 # John B. Sanfilippo & Son, Inc. 549 35,312 Kraft Heinz Co. (The) 13,677 1,196,190 Kroger Co. (The) 42,906 1,052,055 Lamb Weston Holdings, Inc. 3,247 142,803 Lancaster Colony Corp. 1,914 234,695 * Landec Corp. 1,591 19,569 * Lifeway Foods, Inc. 1,074 9,849 Limoneira Co. 1,038 23,625 # McCormick & Co., Inc. Non-Voting 7,746 738,194 McCormick & Co., Inc. Voting 200 19,056 Medifast, Inc. 2,326 99,297 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Staples -- (Continued) Molson Coors Brewing Co. Class B 10,431 $ 928,150 * Monster Beverage Corp. 12,127 639,699 # National Beverage Corp. 2,397 244,782 * Natural Alternatives International, Inc. 1,014 10,140 #* Natural Grocers by Vitamin Cottage, Inc. 2,440 21,496 # Natural Health Trends Corp. 187 4,606 Nature's Sunshine Products, Inc. 500 6,325 Nu Skin Enterprises, Inc. Class A 11,419 723,508 Nutraceutical International Corp. 1,020 42,636 Oil-Dri Corp. of America 489 20,225 Omega Protein Corp. 1,423 22,768 Orchids Paper Products Co. 1,044 11,755 PepsiCo, Inc. 63,474 7,401,703 * Performance Food Group Co. 16,800 483,840 Pinnacle Foods, Inc. 4,058 240,964 #* Post Holdings, Inc. 5,553 462,010 # PriceSmart, Inc. 3,121 262,944 * Primo Water Corp. 2,291 28,431 Procter & Gamble Co. (The) 75,497 6,856,637 * Revlon, Inc. Class A 6,086 118,981 #* Rite Aid Corp. 18,583 41,626 Rocky Mountain Chocolate Factory, Inc. 960 11,414 #* S&W Seed Co. 2,831 9,908 Seaboard Corp. 19 81,225 * Seneca Foods Corp. Class A 504 14,465 #* Smart & Final Stores, Inc. 6,195 53,277 # Snyder's-Lance, Inc. 5,197 180,804 SpartanNash Co. 4,418 122,555 # Spectrum Brands Holdings, Inc. 1,399 161,501 #* Sprouts Farmers Market, Inc. 15,594 375,348 * SUPERVALU, Inc. 33,206 118,877 Sysco Corp. 29,114 1,531,979 # Tootsie Roll Industries, Inc. 1,471 54,721 #* TreeHouse Foods, Inc. 2,815 238,796 * United Natural Foods, Inc. 8,413 324,153 United-Guardian, Inc. 1,797 28,303 * USANA Health Sciences, Inc. 4,982 284,472 Village Super Market, Inc. Class A 1,201 29,701 Wal-Mart Stores, Inc. 86,811 6,944,012 Walgreens Boots Alliance, Inc. 46,806 3,775,840 Weis Markets, Inc. 3,047 144,154 Whole Foods Market, Inc. 34,537 1,442,265 * Willamette Valley Vineyards, Inc. 500 4,020 ----------- Total Consumer Staples 73,709,854 ----------- Energy -- (2.1%) Adams Resources & Energy, Inc. 101 3,837 Andeavor 21,638 2,153,630 Archrock, Inc. 5,588 61,189 # Ardmore Shipping Corp. 1,581 12,569 #* Atwood Oceanics, Inc. 9,746 76,604 Baker Hughes a GE Co. 20,778 766,500 # Bristow Group, Inc. 5,575 41,088 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Energy -- (Continued) Cheniere Energy Partners L.P. Holdings LLC 2,000 $ 52,340 #* Cheniere Energy, Inc. 10,620 480,024 * Clean Energy Fuels Corp. 9,924 26,001 * Contango Oil & Gas Co. 870 5,220 # Core Laboratories NV 6,756 679,181 * Dawson Geophysical Co. 2,475 9,925 Delek US Holdings, Inc. 13,276 346,636 DHT Holdings, Inc. 1,736 7,222 * Diamond Offshore Drilling, Inc. 12,360 153,511 #* Diamondback Energy, Inc. 2,700 258,876 * Dorian LPG, Ltd. 1,061 7,639 #* Dril-Quip, Inc. 5,700 254,220 # EnLink Midstream LLC 19,865 348,631 Ensco P.L.C. Class A 39,293 207,860 * Era Group, Inc. 2,030 17,783 Evolution Petroleum Corp. 2,234 19,212 * Exterran Corp. 7,674 212,493 #* Forum Energy Technologies, Inc. 16,013 212,172 # Frank's International NV 10,926 88,501 #* Geospace Technologies Corp. 400 6,156 Green Plains, Inc. 5,254 103,767 Gulf Island Fabrication, Inc. 1,300 14,820 * Helix Energy Solutions Group, Inc. 21,784 142,467 # Helmerich & Payne, Inc. 5,929 300,126 HollyFrontier Corp. 19,460 561,226 * Independence Contract Drilling, Inc. 700 2,709 Marathon Petroleum Corp. 26,787 1,499,804 * Matrix Service Co. 3,977 41,162 * McDermott International, Inc. 33,685 228,047 Nabors Industries, Ltd. 31,682 244,268 # National Oilwell Varco, Inc. 28,534 933,347 * Natural Gas Services Group, Inc. 2,367 59,057 * Newpark Resources, Inc. 13,568 113,293 # Noble Corp. P.L.C. 30,372 121,488 # Nordic American Tankers, Ltd. 60 353 Oceaneering International, Inc. 16,010 410,656 * Oil States International, Inc. 7,582 188,413 ONEOK, Inc. 16,447 930,407 * Overseas Shipholding Group, Inc. Class A 8,155 25,117 * Pacific Ethanol, Inc. 2,589 16,181 Panhandle Oil and Gas, Inc. Class A 1,703 37,466 #* Par Pacific Holdings, Inc. 2,193 39,277 * Parker Drilling Co. 13,200 15,840 Patterson-UTI Energy, Inc. 18,274 353,419 # PBF Energy, Inc. Class A 16,364 372,608 Phillips 66 19,849 1,662,354 * Pioneer Energy Services Corp. 8,175 17,985 #* Renewable Energy Group, Inc. 6,490 81,125 * REX American Resources Corp. 900 89,982 * RigNet, Inc. 1,879 35,607 #* Ring Energy, Inc. 2,296 29,986 #* Rowan Cos. P.L.C. Class A 17,552 204,832 # RPC, Inc. 15,833 327,901 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) Schlumberger, Ltd. 56,061 $ 3,845,785 Scorpio Tankers, Inc. 22,965 85,200 * SEACOR Holdings, Inc. 2,925 99,713 * SEACOR Marine Holdings, Inc. 2,940 42,865 SemGroup Corp. Class A 7,033 190,243 # Ship Finance International, Ltd. 2,689 36,570 #* Superior Energy Services, Inc. 17,834 191,894 Targa Resources Corp. 7,496 347,889 * TechnipFMC P.L.C. 32,073 915,363 # Teekay Tankers, Ltd. Class A 16,675 30,015 #* Tesco Corp. 6,566 30,204 * TETRA Technologies, Inc. 10,854 30,500 #* Transocean, Ltd. 42,480 367,452 # US Silica Holdings, Inc. 4,144 120,715 Valero Energy Corp. 23,959 1,652,452 #* Weatherford International P.L.C. 141,167 629,605 * Willbros Group, Inc. 3,895 7,946 World Fuel Services Corp. 4,112 132,982 ----------- Total Energy 24,471,503 ----------- Financials -- (16.3%) * 1347 Property Insurance Holdings, Inc. 1,900 14,535 1st Constitution Bancorp 1,118 19,174 1st Source Corp. 3,109 152,652 A-Mark Precious Metals, Inc. 800 12,056 Access National Corp. 2,211 58,790 ACNB Corp. 674 19,175 Affiliated Managers Group, Inc. 5,662 1,052,169 Aflac, Inc. 24,932 1,988,327 * Alleghany Corp. 1,084 664,861 #* Allegiance Bancshares, Inc. 1,231 46,224 Allstate Corp. (The) 17,178 1,563,198 # Ally Financial, Inc. 60,097 1,360,596 * Ambac Financial Group, Inc. 4,904 100,189 American Equity Investment Life Holding Co. 16,565 443,611 American Express Co. 44,013 3,751,228 American Financial Group, Inc. 9,145 927,303 American International Group, Inc. 58,620 3,836,679 American National Bankshares, Inc. 1,300 49,075 American National Insurance Co. 2,680 318,920 American River Bankshares 700 9,765 Ameriprise Financial, Inc. 18,993 2,751,706 Ameris Bancorp 3,724 170,559 AMERISAFE, Inc. 2,556 147,609 AmeriServ Financial, Inc. 3,000 11,850 # Amtrust Financial Services, Inc. 25,092 401,472 * Anchor Bancorp, Inc. 343 8,704 Aon P.L.C. 16,641 2,299,287 * Arch Capital Group, Ltd. 7,852 763,686 Argo Group International Holdings, Ltd. 4,195 251,490 Arrow Financial Corp. 1,610 52,486 # Arthur J Gallagher & Co. 18,501 1,087,674 # Artisan Partners Asset Management, Inc. Class A 5,551 184,571 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) * ASB Bancorp, Inc. 887 $ 39,205 Aspen Insurance Holdings, Ltd. 7,731 377,273 Associated Banc-Corp 18,408 440,872 Assurant, Inc. 7,239 762,050 Assured Guaranty, Ltd. 20,477 921,670 * Asta Funding, Inc. 35 256 Astoria Financial Corp. 17,447 352,080 * Atlantic Capital Bancshares, Inc. 2,903 56,028 * Atlantic Coast Financial Corp. 1,382 10,987 * Atlas Financial Holdings, Inc. 1,019 15,744 Auburn National Bancorporation, Inc. 400 14,804 Axis Capital Holdings, Ltd. 10,118 653,420 Baldwin & Lyons, Inc. Class A 1,036 24,139 Baldwin & Lyons, Inc. Class B 1,722 40,295 Banc of California, Inc. 4,926 101,229 BancFirst Corp. 1,885 201,224 Bancorp of New Jersey, Inc. 806 13,906 * Bancorp, Inc. (The) 5,680 44,020 BancorpSouth, Inc. 9,817 295,001 Bank Mutual Corp. 6,374 63,421 Bank of America Corp. 217,168 5,238,092 Bank of Commerce Holdings 1,070 11,075 # Bank of Hawaii Corp. 5,468 457,508 Bank of Marin Bancorp 819 54,586 Bank of New York Mellon Corp. (The) 25,669 1,361,227 Bank of South Carolina Corp. 500 9,675 # Bank of the Ozarks, Inc. 12,579 542,784 BankFinancial Corp. 1,550 23,219 BankUnited, Inc. 14,324 493,032 Bankwell Financial Group, Inc. 459 15,060 Banner Corp. 3,983 230,098 Bar Harbor Bankshares 1,356 37,819 * Bay Bancorp, Inc. 1,754 14,032 BB&T Corp. 19,001 899,127 BCB Bancorp, Inc. 1,421 21,315 Bear State Financial, Inc. 1,200 11,136 Beneficial Bancorp, Inc. 9,276 144,706 Berkshire Hills Bancorp, Inc. 4,988 185,304 BGC Partners, Inc. Class A 35,530 448,033 BlackRock, Inc. 4,859 2,072,509 Blue Hills Bancorp, Inc. 3,576 67,765 #* BofI Holding, Inc. 3,360 93,643 BOK Financial Corp. 4,628 393,704 Boston Private Financial Holdings, Inc. 16,548 254,012 Bridge Bancorp, Inc. 1,706 55,445 Brookline Bancorp, Inc. 9,865 146,495 Brown & Brown, Inc. 21,376 953,370 Bryn Mawr Bank Corp. 2,102 89,230 * BSB Bancorp, Inc. 528 15,602 C&F Financial Corp. 202 10,060 California First National Bancorp 1,100 18,315 Camden National Corp. 1,950 81,900 Canadian Imperial Bank of Commerce 2,465 214,061 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Capital Bank Financial Corp. Class A 4,245 $ 161,310 Capital City Bank Group, Inc. 2,327 49,705 Capital One Financial Corp. 19,843 1,710,070 Capitol Federal Financial, Inc. 18,190 259,389 Carolina Financial Corp. 1,497 50,359 Cathay General Bancorp 9,429 353,116 # CBOE Holdings, Inc. 5,376 508,193 CenterState Banks, Inc. 6,044 151,040 * Central Federal Corp. 10,414 23,848 Central Pacific Financial Corp. 3,622 112,028 Central Valley Community Bancorp 1,512 33,234 Century Bancorp, Inc. Class A 255 17,009 Charles Schwab Corp. (The) 28,455 1,220,719 Charter Financial Corp. 2,310 41,534 Chemical Financial Corp. 6,373 307,115 Chemung Financial Corp. 900 36,450 Chubb, Ltd. 20,512 3,004,188 Cincinnati Financial Corp. 7,995 608,899 CIT Group, Inc. 11,228 535,014 Citigroup, Inc. 106,255 7,273,155 Citizens & Northern Corp. 1,544 35,636 Citizens Community Bancorp, Inc. 800 11,160 Citizens Financial Group, Inc. 22,403 785,897 Citizens First Corp. 530 11,607 #* Citizens, Inc. 4,745 38,197 # City Holding Co. 1,696 111,308 Clifton Bancorp, Inc. 2,650 44,229 CME Group, Inc. 6,548 802,916 CNB Financial Corp. 2,020 53,247 CNO Financial Group, Inc. 7,390 169,083 * Coastway Bancorp, Inc. 622 12,658 CoBiz Financial, Inc. 4,711 82,914 Codorus Valley Bancorp, Inc. 735 20,551 # Cohen & Steers, Inc. 9,241 373,336 Colony Bankcorp, Inc. 989 13,895 Columbia Banking System, Inc. 8,878 353,700 # Commerce Bancshares, Inc. 11,656 676,514 # Community Bank System, Inc. 5,725 314,302 * Community Bankers Trust Corp. 1,900 16,340 Community Financial Corp. (The) 92 3,414 Community Trust Bancorp, Inc. 2,070 89,424 Community West Bancshares 1,400 14,490 ConnectOne Bancorp, Inc. 3,631 81,698 * Consumer Portfolio Services, Inc. 2,632 10,818 * Cowen, Inc. 6,629 106,064 Crawford & Co. Class A 2,485 18,464 # Crawford & Co. Class B 3,005 26,985 * Credit Acceptance Corp. 2,157 537,309 * CU Bancorp 1,711 63,136 Cullen/Frost Bankers, Inc. 4,364 396,164 * Customers Bancorp, Inc. 3,572 106,624 # CVB Financial Corp. 12,442 268,001 Diamond Hill Investment Group, Inc. 552 109,020 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Dime Community Bancshares, Inc. 4,637 $ 96,450 Discover Financial Services 23,399 1,425,935 # DNB Financial Corp. 100 3,445 Donegal Group, Inc. Class A 3,292 49,643 * Donnelley Financial Solutions, Inc. 5,840 135,488 * E*TRADE Financial Corp. 17,999 737,959 * Eagle Bancorp, Inc. 3,101 193,657 East West Bancorp, Inc. 10,139 577,720 Eaton Vance Corp. 21,321 1,046,648 * eHealth, Inc. 1,842 31,332 EMC Insurance Group, Inc. 3,133 86,784 Employers Holdings, Inc. 5,715 247,745 #* Encore Capital Group, Inc. 3,401 136,380 * Enova International, Inc. 4,918 71,311 * Enstar Group, Ltd. 2,488 504,069 #* Entegra Financial Corp. 1,100 25,410 Enterprise Bancorp, Inc. 881 29,769 Enterprise Financial Services Corp. 5,162 204,157 * Equity Bancshares, Inc. Class A 500 17,285 Erie Indemnity Co. Class A 2,953 376,389 ESSA Bancorp, Inc. 1,868 27,553 * Essent Group, Ltd. 16,046 616,487 Evans Bancorp, Inc. 394 16,056 Evercore Partners, Inc. Class A 8,583 675,053 Everest Re Group, Ltd. 3,583 940,143 * Ezcorp, Inc. Class A 7,270 56,706 # FactSet Research Systems, Inc. 2,107 352,333 Fairfax Financial Holdings, Ltd. 528 251,460 Farmers Capital Bank Corp. 938 35,222 Farmers National Banc Corp. 1,526 20,983 FBL Financial Group, Inc. Class A 3,506 238,057 * FCB Financial Holdings, Inc. Class A 5,378 253,573 Federal Agricultural Mortgage Corp. Class C 638 43,741 # Federated Investors, Inc. Class B 18,721 539,726 Federated National Holding Co. 1,868 29,739 # Fidelity & Guaranty Life 706 21,992 Fidelity Southern Corp. 3,584 75,479 Fifth Street Asset Management, Inc. 2,565 10,517 Fifth Third Bancorp 20,889 557,736 # Financial Engines, Inc. 6,725 258,576 Financial Institutions, Inc. 1,693 49,774 First American Financial Corp. 19,852 961,035 * First BanCorp(318672706) 20,613 120,792 First Bancorp(318910106) 2,841 88,923 First Bancorp, Inc. 1,624 43,751 # First Bancshares, Inc. (The) 400 11,100 First Busey Corp. 5,543 162,077 First Business Financial Services, Inc. 1,369 29,105 First Capital, Inc. 400 12,364 First Citizens BancShares, Inc. Class A 1,148 422,487 First Commonwealth Financial Corp. 11,980 156,099 First Community Bancshares, Inc. 2,068 56,291 # First Community Corp. 3,006 62,976 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) First Connecticut Bancorp, Inc. 2,005 $ 51,328 First Defiance Financial Corp. 822 42,539 First Financial Bancorp 7,253 185,677 First Financial Bankshares, Inc. 7,869 340,334 First Financial Corp. 822 37,853 First Financial Northwest, Inc. 1,300 21,333 * First Foundation, Inc. 4,608 79,903 # First Guaranty Bancshares, Inc. 500 13,595 # First Horizon National Corp. 25,301 440,996 First Interstate Bancsystem, Inc. Class A 3,907 142,801 First Merchants Corp. 5,166 208,913 First Mid-Illinois Bancshares, Inc. 350 12,807 First Midwest Bancorp, Inc. 14,091 312,961 * First Northwest Bancorp 817 12,459 First of Long Island Corp. (The) 2,544 71,105 First Republic Bank 10,921 1,095,704 First Savings Financial Group, Inc. 238 12,745 First South Bancorp, Inc. 848 14,594 * First United Corp. 402 6,070 First US Bancshares, Inc. 700 8,008 FirstCash, Inc. 5,162 300,170 * Flagstar Bancorp, Inc. 6,001 195,393 Flushing Financial Corp. 3,493 99,655 FNB Corp. 33,436 458,073 FNF Group 22,174 1,083,422 * FNFV Group 5,646 97,393 #* Franklin Financial Network, Inc. 1,568 54,174 Franklin Resources, Inc. 16,707 748,139 FS Bancorp, Inc. 506 22,947 Fulton Financial Corp. 16,927 308,918 Gain Capital Holdings, Inc. 6,006 40,300 GAMCO Investors, Inc. Class A 1,401 43,025 * Genworth Financial, Inc. Class A 36,151 123,998 German American Bancorp, Inc. 1,581 56,647 # Glacier Bancorp, Inc. 8,483 296,226 Glen Burnie Bancorp 300 3,150 * Global Indemnity, Ltd. 1,893 73,373 Goldman Sachs Group, Inc. (The) 22,889 5,157,578 * Great Elm Capital Group, Inc. 393 1,356 Great Southern Bancorp, Inc. 1,645 85,458 Great Western Bancorp, Inc. 7,272 283,681 * Green Bancorp, Inc. 4,347 97,590 * Green Dot Corp. Class A 6,531 262,807 # Greene County Bancorp, Inc. 3,316 81,242 # Greenhill & Co., Inc. 2,944 54,464 * Greenlight Capital Re, Ltd. Class A 5,732 122,665 Guaranty Bancorp 2,905 77,418 Guaranty Federal Bancshares, Inc. 101 2,172 * Hallmark Financial Services, Inc. 1,500 16,875 * Hamilton Bancorp, Inc. 400 5,850 Hancock Holding Co. 7,947 365,562 Hanmi Financial Corp. 3,853 110,388 Hanover Insurance Group, Inc. (The) 4,694 445,273 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Hartford Financial Services Group, Inc. (The) 29,219 $ 1,607,045 Hawthorn Bancshares, Inc. 566 11,504 HCI Group, Inc. 1,344 60,601 Heartland Financial USA, Inc. 4,583 215,859 Hennessy Advisors, Inc. 1,267 20,069 Heritage Commerce Corp. 3,641 50,573 Heritage Financial Corp. 3,465 94,248 # Heritage Insurance Holdings, Inc. 3,323 41,903 Hilltop Holdings, Inc. 10,662 266,870 Hingham Institution for Savings 221 39,095 * HMN Financial, Inc. 600 10,800 Home Bancorp, Inc. 196 7,942 Home BancShares, Inc. 15,210 377,208 * HomeStreet, Inc. 7,077 185,771 * HomeTrust Bancshares, Inc. 2,385 57,598 Hope Bancorp, Inc. 15,278 269,351 HopFed Bancorp, Inc. 670 9,769 Horace Mann Educators Corp. 9,163 338,115 Horizon Bancorp 3,033 79,980 Houlihan Lokey, Inc. 2,075 77,149 * Howard Bancorp, Inc. 900 17,685 Iberiabank Corp. 5,454 440,956 IF Bancorp, Inc. 1,300 26,098 # Independence Holding Co. 479 10,634 Independent Bank Corp.(453836108) 2,960 211,196 Independent Bank Corp.(453838609) 2,690 57,028 Independent Bank Group, Inc. 2,492 150,392 Infinity Property & Casualty Corp. 2,000 200,100 # Interactive Brokers Group, Inc. Class A 10,171 407,349 Intercontinental Exchange, Inc. 17,354 1,157,685 International Bancshares Corp. 9,514 336,796 * INTL. FCStone, Inc. 2,279 89,177 Invesco, Ltd. 37,114 1,290,454 Investment Technology Group, Inc. 3,576 78,922 Investors Bancorp, Inc. 31,236 414,814 Investors Title Co. 67 11,827 James River Group Holdings, Ltd. 4,185 168,070 #* Janus Henderson Group P.L.C. 13,298 445,350 JPMorgan Chase & Co. 109,749 10,074,958 Kearny Financial Corp. 9,130 133,298 Kemper Corp. 9,696 380,568 Kentucky First Federal Bancorp 1,169 11,456 KeyCorp 26,684 481,379 Kingstone Cos., Inc. 1,394 23,001 * Ladenburg Thalmann Financial Services, Inc. 19,449 44,344 # Lake Shore Bancorp, Inc. 663 10,475 Lakeland Bancorp, Inc. 4,984 96,440 Lakeland Financial Corp. 4,437 204,102 Landmark Bancorp, Inc. 396 11,741 Lazard, Ltd. Class A 23,212 1,084,233 LCNB Corp. 917 18,386 LegacyTexas Financial Group, Inc. 5,577 215,941 # Legg Mason, Inc. 15,028 601,270 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) * LendingClub Corp. 38,968 $ 197,568 #* LendingTree, Inc. 572 126,183 Lincoln National Corp. 16,245 1,186,860 Loews Corp. 22,122 1,076,899 LPL Financial Holdings, Inc. 17,662 808,213 M&T Bank Corp. 5,798 945,944 Macatawa Bank Corp. 3,313 31,970 Mackinac Financial Corp. 4,036 58,683 Maiden Holdings, Ltd. 13,773 152,880 MainSource Financial Group, Inc. 2,471 86,337 * Malvern Bancorp, Inc. 515 12,772 Manning & Napier, Inc. 1,200 4,860 * Markel Corp. 987 1,057,580 MarketAxess Holdings, Inc. 2,500 507,225 Marlin Business Services Corp. 1,642 42,692 Marsh & McLennan Cos., Inc. 20,382 1,589,185 MB Financial, Inc. 7,693 314,644 * MBIA, Inc. 3,063 31,151 MBT Financial Corp. 2,535 24,336 Mercantile Bank Corp. 1,891 60,172 # Mercury General Corp. 6,121 366,587 Meridian Bancorp, Inc. 6,129 108,177 Meta Financial Group, Inc. 1,090 77,717 MetLife, Inc. 56,071 3,083,905 * MGIC Investment Corp. 3,341 38,989 Mid Penn Bancorp, Inc. 810 21,870 MidSouth Bancorp, Inc. 627 7,054 MidWestOne Financial Group, Inc. 1,531 52,697 Moelis & Co. Class A 2,779 113,661 Moody's Corp. 9,315 1,226,133 Morgan Stanley 56,436 2,646,848 Morningstar, Inc. 5,638 465,530 * MSB Financial Corp. 705 12,197 MSCI, Inc. 5,234 570,244 MutualFirst Financial, Inc. 477 16,647 Nasdaq, Inc. 12,731 946,804 National Bank Holdings Corp. Class A 3,178 108,465 National Bankshares, Inc. 507 19,520 * National Commerce Corp. 500 20,050 National General Holdings Corp. 18,458 391,494 National Western Life Group, Inc. Class A 562 189,164 #* Nationstar Mortgage Holdings, Inc. 1,045 18,632 Navient Corp. 49,070 723,782 Navigators Group, Inc. (The) 4,452 253,764 NBT Bancorp, Inc. 5,104 184,459 Nelnet, Inc. Class A 3,806 186,837 # New York Community Bancorp, Inc. 36,764 482,711 NewStar Financial, Inc. 4,932 53,956 * Nicholas Financial, Inc. 2,510 22,088 * Nicolet Bankshares, Inc. 399 21,614 * NMI Holdings, Inc. Class A 8,371 98,778 Northeast Bancorp 1,100 23,650 Northern Trust Corp. 6,303 551,576 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Northfield Bancorp, Inc. 5,016 $ 84,219 Northrim BanCorp, Inc. 383 11,164 Northwest Bancshares, Inc. 11,639 187,388 # Norwood Financial Corp. 400 17,136 OceanFirst Financial Corp. 2,475 67,023 #* Ocwen Financial Corp. 15,293 43,891 OFG Bancorp 5,101 51,265 # Ohio Valley Banc Corp. 243 8,226 Old Line Bancshares, Inc. 1,100 29,788 Old National Bancorp 20,674 336,986 Old Point Financial Corp. 189 6,071 Old Republic International Corp. 33,799 663,136 Old Second Bancorp, Inc. 1,641 19,446 OM Asset Management P.L.C. 13,182 198,653 * On Deck Capital, Inc. 7,056 30,341 OneBeacon Insurance Group, Ltd. Class A 3,535 64,761 #* OneMain Holdings, Inc. 13,421 358,878 Oppenheimer Holdings, Inc. Class A 2,150 33,863 Opus Bank 3,259 77,564 Oritani Financial Corp. 5,506 91,400 Orrstown Financial Services, Inc. 1,170 29,250 Pacific Continental Corp. 2,176 55,270 * Pacific Mercantile Bancorp 1,500 11,850 * Pacific Premier Bancorp, Inc. 4,083 146,580 PacWest Bancorp 10,296 494,414 Park National Corp. 1,261 124,549 Park Sterling Corp. 6,739 78,307 Parke Bancorp, Inc. 547 11,049 Pathfinder Bancorp, Inc. 900 13,568 Peapack Gladstone Financial Corp. 2,215 69,263 Penns Woods Bancorp, Inc. 569 24,382 * PennyMac Financial Services, Inc. Class A 3,146 54,740 # People's United Financial, Inc. 19,163 334,203 People's Utah Bancorp 1,091 30,330 Peoples Bancorp of North Carolina, Inc. 1,170 36,995 Peoples Bancorp, Inc. 2,291 74,687 * Peoples Financial Corp. 800 10,720 # Peoples Financial Services Corp. 500 21,385 * PHH Corp. 5,942 81,881 Pinnacle Financial Partners, Inc. 6,702 428,258 Piper Jaffray Cos. 400 24,960 PJT Partners, Inc. Class A 1,792 77,737 Plumas Bancorp 646 13,114 Popular, Inc. 9,371 394,894 #* PRA Group, Inc. 6,390 250,488 Preferred Bank 1,425 80,014 Premier Financial Bancorp, Inc. 1,293 24,567 # Primerica, Inc. 10,330 837,246 Principal Financial Group, Inc. 24,242 1,618,153 ProAssurance Corp. 5,843 361,097 Progressive Corp. (The) 18,482 871,057 Prosperity Bancshares, Inc. 6,242 400,112 #* Provident Bancorp, Inc. 533 11,113 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Provident Financial Holdings, Inc. 990 $ 18,810 Provident Financial Services, Inc. 8,916 236,452 Prudential Bancorp, Inc. 879 15,092 Prudential Financial, Inc. 25,656 2,905,029 Pzena Investment Management, Inc. Class A 2,038 21,501 QCR Holdings, Inc. 1,402 64,422 Radian Group, Inc. 1,600 27,872 Raymond James Financial, Inc. 9,328 775,996 * Regional Management Corp. 1,439 34,522 Regions Financial Corp. 73,994 1,080,312 Reinsurance Group of America, Inc. 5,621 788,064 RenaissanceRe Holdings, Ltd. 5,659 831,364 Renasant Corp. 6,773 287,107 Republic Bancorp, Inc. Class A 2,095 75,211 #* Republic First Bancorp, Inc. 3,400 30,260 Riverview Bancorp, Inc. 1,676 12,721 # RLI Corp. 5,954 345,689 S&P Global, Inc. 13,388 2,056,263 S&T Bancorp, Inc. 4,021 152,315 * Safeguard Scientifics, Inc. 4,109 48,897 Safety Insurance Group, Inc. 2,126 150,840 Salisbury Bancorp, Inc. 800 33,840 Sandy Spring Bancorp, Inc. 2,871 114,955 * Santander Consumer USA Holdings, Inc. 34,283 439,165 SB Financial Group, Inc. 1,621 28,594 * Seacoast Banking Corp. of Florida 4,265 99,673 * Security National Financial Corp. Class A 800 5,080 SEI Investments Co. 8,396 474,458 * Select Bancorp, Inc. 1,607 19,027 # Selective Insurance Group, Inc. 8,056 408,036 # ServisFirst Bancshares, Inc. 5,096 185,189 * Severn Bancorp, Inc. 1,832 13,282 Shore Bancshares, Inc. 1,820 30,740 SI Financial Group, Inc. 863 13,333 Sierra Bancorp 1,779 48,745 * Signature Bank 3,825 530,068 Silvercrest Asset Management Group, Inc. Class A 953 12,055 Simmons First National Corp. Class A 3,598 196,271 * SLM Corp. 63,026 698,328 Sound Financial Bancorp, Inc. 200 6,280 South State Corp. 3,102 259,792 * Southern First Bancshares, Inc. 700 25,795 Southern Missouri Bancorp, Inc. 700 22,687 Southern National Bancorp of Virginia, Inc. 1,339 22,656 Southside Bancshares, Inc. 3,195 110,962 Southwest Bancorp, Inc. 2,500 65,250 State Auto Financial Corp. 4,621 119,176 State Bank Financial Corp. 3,885 106,643 State National Cos., Inc. 4,700 98,136 State Street Corp. 14,729 1,373,185 # Sterling Bancorp 14,381 332,201 # Stewardship Financial Corp. 1,104 10,654 Stewart Information Services Corp. 3,290 129,297 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) * Stifel Financial Corp. 6,165 $ 313,490 Stock Yards Bancorp, Inc. 2,229 79,910 Stonegate Bank 1,751 81,509 Summit State Bank 845 10,985 Sun Bancorp, Inc. 2,176 52,986 SunTrust Banks, Inc. 18,740 1,073,615 # Sussex Bancorp 492 11,808 * SVB Financial Group 3,600 642,384 Synchrony Financial 42,151 1,278,018 # Synovus Financial Corp. 13,381 581,806 T Rowe Price Group, Inc. 25,723 2,127,807 TCF Financial Corp. 21,156 333,419 # TD Ameritrade Holding Corp. 16,254 743,295 Territorial Bancorp, Inc. 1,317 39,681 * Texas Capital Bancshares, Inc. 5,180 405,853 # TFS Financial Corp. 8,467 135,303 * Third Point Reinsurance, Ltd. 3,100 45,105 Timberland Bancorp, Inc. 618 16,661 Tompkins Financial Corp. 1,531 120,505 Torchmark Corp. 12,445 982,782 Towne Bank 7,246 226,800 Travelers Cos., Inc. (The) 19,748 2,529,521 Trico Bancshares 2,693 99,372 * TriState Capital Holdings, Inc. 3,298 75,854 * Triumph Bancorp, Inc. 1,220 34,648 TrustCo Bank Corp. NY 10,792 89,574 Trustmark Corp. 11,187 357,537 # Two River Bancorp 685 12,522 U.S. Bancorp. 3,400 179,452 UMB Financial Corp. 5,938 413,641 Umpqua Holdings Corp. 19,599 363,365 Union Bankshares Corp. 5,029 155,346 United Bancshares, Inc. 300 6,720 # United Bankshares, Inc. 10,321 356,074 United Community Bancorp 620 11,842 United Community Banks, Inc. 11,132 309,024 United Community Financial Corp. 6,179 56,847 United Financial Bancorp, Inc. 5,822 105,320 United Fire Group, Inc. 3,668 165,500 # United Insurance Holdings Corp. 2,928 46,731 United Security Bancshares 3,542 33,295 Unity Bancorp, Inc. 600 11,100 Universal Insurance Holdings, Inc. 3,017 71,955 Univest Corp. of Pennsylvania 2,728 83,204 Unum Group 18,102 907,453 Validus Holdings, Ltd. 12,376 665,705 # Valley National Bancorp 21,157 251,345 * Veritex Holdings, Inc. 1,802 48,023 # Virtu Financial, Inc. Class A 3,737 61,847 # Virtus Investment Partners, Inc. 1,133 133,467 Voya Financial, Inc. 10,208 400,562 # Waddell & Reed Financial, Inc. Class A 11,502 237,746 * Walker & Dunlop, Inc. 5,705 286,676 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) Washington Federal, Inc. 7,565 $ 253,049 Washington Trust Bancorp, Inc. 1,605 87,392 WashingtonFirst Bankshares, Inc. 630 21,571 Waterstone Financial, Inc. 6,401 120,659 Wayne Savings Bancshares, Inc. 215 3,741 Webster Financial Corp. 9,954 516,911 Wellesley Bank 1,081 29,079 Wells Fargo & Co. 110,373 5,953,520 WesBanco, Inc. 4,981 190,424 West Bancorporation, Inc. 2,622 60,306 # Westamerica Bancorporation 618 33,817 * Westbury Bancorp, Inc. 950 19,190 * Western Alliance Bancorp 11,406 574,634 Western New England Bancorp, Inc. 2,300 22,885 Westwood Holdings Group, Inc. 1,098 64,727 White Mountains Insurance Group, Ltd. 462 399,445 Willis Towers Watson P.L.C. 6,582 979,928 Wintrust Financial Corp. 5,607 422,263 #* WMIH Corp. 5,250 6,038 Wolverine Bancorp, Inc. 128 5,184 * World Acceptance Corp. 400 30,228 # WR Berkley Corp. 9,506 655,629 WSFS Financial Corp. 3,319 149,853 * Xenith Bankshares, Inc. 900 25,362 XL Group, Ltd. 19,062 846,353 Zions Bancorporation 10,295 466,569 ------------ Total Financials 192,732,049 ------------ Health Care -- (12.4%) # Abaxis, Inc. 2,275 106,925 Abbott Laboratories 7,815 384,342 AbbVie, Inc. 76,879 5,374,611 * ABIOMED, Inc. 2,192 324,613 * Accuray, Inc. 6,422 27,294 Aceto Corp. 2,485 41,947 #* Achillion Pharmaceuticals, Inc. 15,963 65,448 * Acorda Therapeutics, Inc. 5,852 126,696 #* Adamas Pharmaceuticals, Inc. 1,657 28,749 * Addus HomeCare Corp. 1,000 33,950 * Adverum Biotechnologies, Inc. 3,621 9,234 Aetna, Inc. 22,765 3,512,867 * Affimed NV 9,000 19,800 Agilent Technologies, Inc. 17,020 1,017,626 * Akorn, Inc. 7,820 262,908 * Albany Molecular Research, Inc. 956 20,783 #* Alder Biopharmaceuticals, Inc. 4,776 51,342 * Alere, Inc. 4,703 236,984 * Alexion Pharmaceuticals, Inc. 6,297 864,830 * Align Technology, Inc. 4,578 765,579 * Alkermes P.L.C. 3,226 175,527 Allergan P.L.C. 15,422 3,891,433 * Allscripts Healthcare Solutions, Inc. 21,056 259,199 * Almost Family, Inc. 2,589 128,026 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) #* Alnylam Pharmaceuticals, Inc. 3,700 $ 306,138 * AMAG Pharmaceuticals, Inc. 1,567 30,792 * Amedisys, Inc. 2,200 104,192 AmerisourceBergen Corp. 21,532 2,020,132 Amgen, Inc. 24,512 4,277,589 #* Amicus Therapeutics, Inc. 13,517 175,045 #* AMN Healthcare Services, Inc. 9,471 349,480 * Amphastar Pharmaceuticals, Inc. 2,833 48,954 Analogic Corp. 1,349 94,700 * AngioDynamics, Inc. 4,620 75,075 * ANI Pharmaceuticals, Inc. 589 28,702 * Anika Therapeutics, Inc. 1,586 81,140 Anthem, Inc. 17,247 3,211,564 #* Aptevo Therapeutics, Inc. 1,972 3,628 #* Aratana Therapeutics, Inc. 2,068 13,959 #* Arrowhead Pharmaceuticals, Inc. 12,593 22,164 #* athenahealth, Inc. 2,827 391,031 Atrion Corp. 222 140,348 * aTyr Pharma, Inc. 2,800 9,660 Becton Dickinson and Co. 6,655 1,340,317 * Bio-Rad Laboratories, Inc. Class A 2,643 622,770 Bio-Techne Corp. 3,052 353,757 * Biogen, Inc. 9,636 2,790,489 #* BioMarin Pharmaceutical, Inc. 4,679 410,489 * BioSpecifics Technologies Corp. 876 42,617 * BioTelemetry, Inc. 2,740 93,708 * Bioverativ, Inc. 4,818 298,571 * Bluebird Bio, Inc. 1,781 167,859 * Boston Scientific Corp. 34,145 908,940 Bristol-Myers Squibb Co. 64,987 3,697,760 Bruker Corp. 16,738 480,046 * Cambrex Corp. 2,736 166,896 Cantel Medical Corp. 4,577 339,613 Cardinal Health, Inc. 16,179 1,249,990 * Catalent, Inc. 11,919 413,589 * Celgene Corp. 40,370 5,466,502 #* Celldex Therapeutics, Inc. 3,876 8,876 * Centene Corp. 18,688 1,484,201 #* Cerner Corp. 10,399 669,384 * Charles River Laboratories International, Inc. 6,504 638,693 # Chemed Corp. 2,109 416,528 * Chimerix, Inc. 5,901 29,328 #* Cidara Therapeutics, Inc. 1,583 11,081 Cigna Corp. 10,401 1,805,198 * Civitas Solutions, Inc. 3,163 56,460 #* Clovis Oncology, Inc. 2,290 194,215 # Computer Programs & Systems, Inc. 184 5,640 * Concert Pharmaceuticals, Inc. 800 11,544 # CONMED Corp. 2,720 139,590 Cooper Cos., Inc. (The) 2,740 668,204 #* Corcept Therapeutics, Inc. 2,230 27,808 * CorVel Corp. 2,737 130,144 CR Bard, Inc. 4,547 1,457,768 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) * Cross Country Healthcare, Inc. 1,800 $ 21,168 * CryoLife, Inc. 3,398 63,713 * Cumberland Pharmaceuticals, Inc. 1,705 11,458 Danaher Corp. 25,766 2,099,671 * DaVita, Inc. 27,919 1,808,593 DENTSPLY SIRONA, Inc. 7,301 452,881 #* Depomed, Inc. 1,202 12,393 #* DexCom, Inc. 3,093 206,025 Digirad Corp. 1,500 6,150 * Diplomat Pharmacy, Inc. 2,744 43,547 #* Eagle Pharmaceuticals, Inc. 2,161 106,213 * Edwards Lifesciences Corp. 8,395 966,936 * Eiger BioPharmaceuticals, Inc. 938 8,161 * Electromed, Inc. 4,200 25,872 * Emergent BioSolutions, Inc. 5,415 196,944 * Enanta Pharmaceuticals, Inc. 1,094 41,692 * Endo International P.L.C. 11,288 124,394 * Envision Healthcare Corp. 5,010 282,714 * Enzo Biochem, Inc. 6,402 69,462 #* Epizyme, Inc. 3,400 38,760 * Evolent Health, Inc. Class A 8,810 217,607 #* Exact Sciences Corp. 5,833 226,320 * Exactech, Inc. 1,640 47,806 * Exelixis, Inc. 5,922 160,545 * Express Scripts Holding Co. 52,776 3,305,889 * Five Prime Therapeutics, Inc. 4,115 115,796 * Five Star Senior Living, Inc. 4,960 7,936 #* Fluidigm Corp. 1,100 4,136 * FONAR Corp. 776 19,943 Gilead Sciences, Inc. 52,121 3,965,887 #* Globus Medical, Inc. Class A 7,201 221,431 * Haemonetics Corp. 6,384 262,574 * Harvard Bioscience, Inc. 3,317 9,288 #* HealthEquity, Inc. 4,127 189,305 * HealthStream, Inc. 4,750 112,195 * Henry Schein, Inc. 3,719 677,639 * Heska Corp. 1,107 121,261 Hill-Rom Holdings, Inc. 7,869 586,398 * HMS Holdings Corp. 13,644 273,972 #* Hologic, Inc. 20,895 923,768 * Horizon Pharma P.L.C. 9,352 112,037 Humana, Inc. 7,795 1,802,204 * ICU Medical, Inc. 1,322 227,252 * IDEXX Laboratories, Inc. 5,790 963,803 * Illumina, Inc. 3,677 639,246 * Immune Design Corp. 4,778 58,769 * Impax Laboratories, Inc. 3,071 59,424 * INC Research Holdings, Inc. Class A 5,859 322,245 * Incyte Corp. 5,973 796,141 * Infinity Pharmaceuticals, Inc. 12,728 18,201 * Innoviva, Inc. 4,126 56,609 * Inogen, Inc. 1,096 103,440 * Inovalon Holdings, Inc. Class A 3,820 48,514 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) * Integer Holdings Corp. 3,899 $ 178,574 * Integra LifeSciences Holdings Corp. 5,850 290,511 #* Intra-Cellular Therapies, Inc. 2,471 28,589 * Intuitive Surgical, Inc. 1,134 1,063,987 # Invacare Corp. 3,836 60,033 #* Ionis Pharmaceuticals, Inc. 2,670 139,908 #* Jazz Pharmaceuticals P.L.C. 2,046 314,286 Johnson & Johnson 91,271 12,113,487 * Karyopharm Therapeutics, Inc. 3,622 30,570 Kewaunee Scientific Corp. 534 13,510 * Kindred Biosciences, Inc. 1,675 12,228 #* Kite Pharma, Inc. 2,403 260,509 * Laboratory Corp. of America Holdings 9,076 1,442,267 Landauer, Inc. 823 44,812 #* Lannett Co., Inc. 400 8,140 * Lantheus Holdings, Inc. 3,823 70,534 LeMaitre Vascular, Inc. 1,203 43,392 * LHC Group, Inc. 1,689 97,793 * Lipocine, Inc. 1,313 6,657 * LivaNova P.L.C. 2,202 134,190 Luminex Corp. 1,750 35,753 * MacroGenics, Inc. 2,879 47,561 * Magellan Health, Inc. 4,383 326,753 * Mallinckrodt P.L.C. 5,115 234,267 * Masimo Corp. 4,789 453,039 McKesson Corp. 15,254 2,469,165 #* Medicines Co. (The) 1,713 65,865 #* Medidata Solutions, Inc. 1,984 152,391 #* MEDNAX, Inc. 7,105 333,793 Medtronic P.L.C. 38,176 3,205,639 Merck & Co., Inc. 50,793 3,244,657 # Meridian Bioscience, Inc. 4,317 58,495 * Merit Medical Systems, Inc. 5,597 229,477 * Mettler-Toledo International, Inc. 1,596 914,636 #* Mirati Therapeutics, Inc. 1,909 9,545 * Mirna Therapeutics, Inc. 625 1,078 #* Molina Healthcare, Inc. 10,662 712,222 * Mylan NV 10,323 402,494 #* Myriad Genetics, Inc. 4,699 114,045 National Research Corp. Class A 800 23,520 National Research Corp. Class B 131 6,608 * Natus Medical, Inc. 3,851 135,555 * Neogen Corp. 2,214 145,836 #* NeoGenomics, Inc. 6,093 57,579 #* Neurocrine Biosciences, Inc. 2,000 96,060 #* NewLink Genetics Corp. 1,938 13,992 #* NuVasive, Inc. 5,189 341,384 * Nuvectra Corp. 849 9,899 * Omnicell, Inc. 3,322 164,771 #* Opko Health, Inc. 21,981 141,777 * OraSure Technologies, Inc. 3,692 64,758 * Orthofix International NV 1,449 62,858 * Otonomy, Inc. 3,300 62,040 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) Owens & Minor, Inc. 6,914 $ 222,838 * PAREXEL International Corp. 6,985 611,327 # Patterson Cos., Inc. 11,046 460,839 PDL BioPharma, Inc. 17,391 39,478 PerkinElmer, Inc. 6,772 445,801 # Perrigo Co. P.L.C. 3,011 225,584 * Pfenex, Inc. 2,224 9,674 Pfizer, Inc. 152,255 5,048,776 * PharMerica Corp. 3,402 85,560 Phibro Animal Health Corp. Class A 893 34,113 * PRA Health Sciences, Inc. 7,708 573,475 #* Premier, Inc. Class A 4,857 169,509 * Prestige Brands Holdings, Inc. 3,700 198,431 * Providence Service Corp. (The) 1,646 84,835 Psychemedics Corp. 600 15,336 * Quality Systems, Inc. 4,865 83,192 Quest Diagnostics, Inc. 12,219 1,323,440 * Quintiles IMS Holdings, Inc. 10,399 941,629 * Quorum Health Corp. 3,733 12,730 * RadNet, Inc. 4,219 32,486 * Regeneron Pharmaceuticals, Inc. 2,897 1,424,223 # ResMed, Inc. 7,071 545,316 #* Retrophin, Inc. 3,350 67,804 * RTI Surgical, Inc. 7,852 44,756 * Sangamo Therapeutics, Inc. 6,287 54,068 * SciClone Pharmaceuticals, Inc. 2,000 21,900 * SeaSpine Holdings Corp. 289 3,260 #* Seattle Genetics, Inc. 3,292 166,246 Simulations Plus, Inc. 2,272 33,626 #* Sonoma Pharmaceuticals, Inc. 1,600 10,752 #* Spectrum Pharmaceuticals, Inc. 9,400 70,124 #* Stemline Therapeutics, Inc. 2,568 23,626 STERIS P.L.C. 4,871 398,691 Stryker Corp. 12,631 1,858,020 #* Sucampo Pharmaceuticals, Inc. Class A 2,851 30,933 * Supernus Pharmaceuticals, Inc. 2,044 82,680 * Surmodics, Inc. 1,314 34,558 #* Taro Pharmaceutical Industries, Ltd. 1,162 132,851 Teleflex, Inc. 2,039 422,522 #* TESARO, Inc. 1,100 140,426 * Tetraphase Pharmaceuticals, Inc. 5,296 34,636 Thermo Fisher Scientific, Inc. 12,881 2,261,002 * Tivity Health, Inc. 4,288 170,019 * Triple-S Management Corp. Class B 1,400 21,672 * United Therapeutics Corp. 7,151 918,188 UnitedHealth Group, Inc. 60,970 11,694,656 US Physical Therapy, Inc. 1,213 76,540 Utah Medical Products, Inc. 407 28,124 #* Varex Imaging Corp. 2,353 72,590 #* Varian Medical Systems, Inc. 5,885 571,551 #* Veeva Systems, Inc. Class A 3,488 222,395 #* Versartis, Inc. 1,151 21,294 * Vertex Pharmaceuticals, Inc. 5,974 906,973 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Health Care -- (Continued) #* Vital Therapies, Inc. 2,188 $ 5,908 * Voyager Therapeutics, Inc. 1,090 8,982 * VWR Corp. 18,473 609,609 * Waters Corp. 3,077 533,675 * WellCare Health Plans, Inc. 6,870 1,215,921 West Pharmaceutical Services, Inc. 2,726 241,796 #* Wright Medical Group NV 4,590 120,579 #* Xencor, Inc. 3,723 86,932 * Zafgen, Inc. 2,872 9,707 Zimmer Biomet Holdings, Inc. 6,963 844,751 #* Zogenix, Inc. 3,746 44,952 ------------ Total Health Care 146,557,285 ------------ Industrials -- (11.9%) 3M Co. 16,642 3,347,871 AAON, Inc. 3,629 122,660 AAR Corp. 3,465 129,591 ABM Industries, Inc. 8,818 393,459 * Acacia Research Corp. 3,806 13,131 * ACCO Brands Corp. 13,108 152,708 Acme United Corp. 500 13,835 Actuant Corp. Class A 8,274 200,231 # Acuity Brands, Inc. 1,393 282,291 # Advanced Drainage Systems, Inc. 2,686 55,197 * Advisory Board Co. (The) 4,638 260,656 * AECOM 22,003 701,896 * Aegion Corp. 1,353 32,391 * Aerojet Rocketdyne Holdings, Inc. 8,645 202,725 * Aerovironment, Inc. 2,565 96,931 AGCO Corp. 14,868 1,072,578 Air Lease Corp. 20,446 809,253 * Air Transport Services Group, Inc. 9,263 225,647 Aircastle, Ltd. 14,845 349,451 Alamo Group, Inc. 1,344 125,005 Alaska Air Group, Inc. 6,402 545,642 Albany International Corp. Class A 3,387 181,205 Allegion P.L.C. 5,986 486,303 Allied Motion Technologies, Inc. 500 14,795 Allison Transmission Holdings, Inc. 26,627 1,006,501 Altra Industrial Motion Corp. 3,081 137,259 AMERCO 2,155 837,347 * Ameresco, Inc. Class A 6,493 42,529 American Railcar Industries, Inc. 800 29,416 * American Woodmark Corp. 1,500 147,225 AMETEK, Inc. 17,921 1,103,575 # AO Smith Corp. 5,410 289,706 # Apogee Enterprises, Inc. 4,771 248,521 Applied Industrial Technologies, Inc. 5,848 330,412 * ARC Document Solutions, Inc. 2,577 8,916 * ARC Group Worldwide, Inc. 2,172 6,299 ArcBest Corp. 2,651 73,698 Argan, Inc. 1,864 120,135 * Armstrong Flooring, Inc. 2,090 36,282 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Armstrong World Industries, Inc. 4,181 $ 202,988 Astec Industries, Inc. 2,609 131,154 * Astronics Corp. 3,164 92,547 * Astronics Corp. Class B 363 10,645 * Atlas Air Worldwide Holdings, Inc. 3,402 202,079 #* Avis Budget Group, Inc. 10,097 310,786 #* Axon Enterprise, Inc. 3,842 94,475 AZZ, Inc. 3,314 168,020 * Babcock & Wilcox Enterprises, Inc. 6,590 69,195 Barnes Group, Inc. 6,084 366,135 Barrett Business Services, Inc. 739 40,667 * Beacon Roofing Supply, Inc. 9,709 445,934 * Blue Bird Corp. 1,375 24,406 * BMC Stock Holdings, Inc. 10,249 225,478 Brady Corp. Class A 5,464 181,405 Briggs & Stratton Corp. 3,119 73,047 Brink's Co. (The) 9,010 704,131 * Builders FirstSource, Inc. 14,468 226,714 BWX Technologies, Inc. 10,498 553,035 * CAI International, Inc. 1,115 29,246 Carlisle Cos., Inc. 4,880 476,239 * Casella Waste Systems, Inc. Class A 2,537 42,571 Caterpillar, Inc. 22,136 2,522,397 * CBIZ, Inc. 9,062 134,571 * CDI Corp. 2,000 16,500 CECO Environmental Corp. 2,011 19,426 # Celadon Group, Inc. 3,872 17,618 # CH Robinson Worldwide, Inc. 12,457 817,179 * Chart Industries, Inc. 3,776 128,384 # Chicago Bridge & Iron Co. NV 11,269 211,181 Cintas Corp. 5,148 694,208 CIRCOR International, Inc. 1,501 75,140 * Civeo Corp. 3,466 6,689 * Clean Harbors, Inc. 7,009 398,111 * Colfax Corp. 12,920 533,338 Columbus McKinnon Corp. 2,432 62,746 Comfort Systems USA, Inc. 5,755 191,642 * Commercial Vehicle Group, Inc. 3,200 28,096 * Continental Building Products, Inc. 2,632 57,904 Copa Holdings SA Class A 2,830 355,052 * Copart, Inc. 21,322 671,430 * Covenant Transportation Group, Inc. Class A 1,796 33,675 * CPI Aerostructures, Inc. 1,133 10,764 CRA International, Inc. 684 26,546 Crane Co. 7,092 535,446 * CSW Industrials, Inc. 646 25,226 CSX Corp. 21,875 1,079,312 Cubic Corp. 4,025 191,791 Cummins, Inc. 7,216 1,211,566 Curtiss-Wright Corp. 5,882 567,142 Deere & Co. 14,138 1,813,623 # Deluxe Corp. 5,958 430,168 * DigitalGlobe, Inc. 8,495 296,476 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) DMC Global, Inc. 1,127 $ 15,665 # Donaldson Co., Inc. 12,638 600,179 Douglas Dynamics, Inc. 4,728 150,350 Dover Corp. 14,473 1,215,732 * Ducommun, Inc. 1,219 35,302 Dun & Bradstreet Corp. (The) 5,082 562,882 * DXP Enterprises, Inc. 2,629 75,163 #* Dycom Industries, Inc. 5,524 500,474 Eaton Corp. P.L.C. 16,361 1,280,248 * Echo Global Logistics, Inc. 3,162 43,161 EMCOR Group, Inc. 11,928 805,140 Emerson Electric Co. 24,941 1,486,733 Encore Wire Corp. 2,459 109,671 EnerSys 5,407 390,764 * Engility Holdings, Inc. 5,033 146,813 Ennis, Inc. 2,732 52,591 EnPro Industries, Inc. 1,721 132,551 Equifax, Inc. 7,100 1,032,624 ESCO Technologies, Inc. 2,851 175,907 Essendant, Inc. 4,205 52,478 * Esterline Technologies Corp. 4,117 397,290 #* ExOne Co. (The) 1,400 15,778 # Expeditors International of Washington, Inc. 12,455 733,350 Exponent, Inc. 3,393 221,224 # Fastenal Co. 24,351 1,046,119 Federal Signal Corp. 6,657 123,155 FedEx Corp. 9,003 1,872,894 # Flowserve Corp. 8,384 344,834 Fluor Corp. 20,697 898,871 Fortive Corp. 13,528 875,803 Fortune Brands Home & Security, Inc. 7,459 489,833 Forward Air Corp. 3,271 169,536 * Franklin Covey Co. 1,000 18,650 Franklin Electric Co., Inc. 4,686 189,314 FreightCar America, Inc. 1,405 23,098 * FTI Consulting, Inc. 6,487 212,838 # GATX Corp. 1,860 115,004 * Gencor Industries, Inc. 1,295 20,785 * Generac Holdings, Inc. 8,128 292,364 General Cable Corp. 5,022 96,925 General Electric Co. 227,223 5,819,181 #* Genesee & Wyoming, Inc. Class A 3,755 244,676 * Gibraltar Industries, Inc. 2,794 83,401 Global Brass & Copper Holdings, Inc. 3,725 119,386 * Goldfield Corp. (The) 3,131 15,968 Gorman-Rupp Co. (The) 2,875 86,883 * GP Strategies Corp. 2,804 80,335 # Graco, Inc. 6,377 739,987 Graham Corp. 400 8,004 # Granite Construction, Inc. 4,080 200,002 * Great Lakes Dredge & Dock Corp. 9,514 37,580 Greenbrier Cos., Inc. (The) 1,486 66,870 Griffon Corp. 6,042 123,861 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) H&E Equipment Services, Inc. 8,848 $ 199,699 Hardinge, Inc. 1,000 12,100 * Harsco Corp. 11,765 181,769 * HC2 Holdings, Inc. 2,432 14,616 * HD Supply Holdings, Inc. 20,282 658,962 Healthcare Services Group, Inc. 4,307 225,041 # Heartland Express, Inc. 7,940 167,772 HEICO Corp. 4,227 339,724 HEICO Corp. Class A 6,265 445,128 Heidrick & Struggles International, Inc. 2,982 53,974 * Herc Holdings, Inc. 4,860 220,547 * Heritage-Crystal Clean, Inc. 1,237 23,256 Herman Miller, Inc. 7,185 241,955 #* Hertz Global Holdings, Inc. 1,989 27,190 Hexcel Corp. 11,713 599,354 * Hill International, Inc. 3,244 16,382 Hillenbrand, Inc. 7,474 269,064 HNI Corp. 7,765 293,129 Honeywell International, Inc. 27,883 3,795,434 Houston Wire & Cable Co. 1,900 10,925 * Hub Group, Inc. Class A 3,839 130,718 Hubbell, Inc. 3,922 465,894 #* Hudson Technologies, Inc. 2,424 19,610 Huntington Ingalls Industries, Inc. 4,201 865,868 Hurco Cos., Inc. 600 19,770 * Huron Consulting Group, Inc. 2,932 104,086 #* Huttig Building Products, Inc. 2,740 19,536 Hyster-Yale Materials Handling, Inc. 1,100 77,946 * ICF International, Inc. 2,450 110,863 IDEX Corp. 4,548 530,024 * IES Holdings, Inc. 1,364 23,188 Illinois Tool Works, Inc. 15,328 2,156,803 Ingersoll-Rand P.L.C. 15,897 1,397,028 * InnerWorkings, Inc. 7,179 84,640 Insperity, Inc. 3,109 234,730 Insteel Industries, Inc. 1,502 39,533 Interface, Inc. 9,097 172,388 ITT, Inc. 16,887 692,367 Jacobs Engineering Group, Inc. 8,991 474,006 JB Hunt Transport Services, Inc. 4,106 372,455 * JetBlue Airways Corp. 22,229 487,482 John Bean Technologies Corp. 4,005 370,062 Johnson Controls International P.L.C. 18,300 712,785 Kadant, Inc. 1,182 92,255 Kaman Corp. 5,016 256,418 KAR Auction Services, Inc. 17,617 740,619 # KBR, Inc. 25,134 374,999 Kelly Services, Inc. Class A 7,521 167,493 Kennametal, Inc. 7,826 288,779 * Key Technology, Inc. 1,200 17,160 * KEYW Holding Corp. (The) 1,218 10,755 Kforce, Inc. 7,023 131,330 Kimball International, Inc. Class B 5,382 89,718 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Kirby Corp. 1,689 $ 102,860 #* KLX, Inc. 7,020 364,478 # Knight Transportation, Inc. 8,728 311,153 Knoll, Inc. 6,267 121,329 Korn/Ferry International 9,955 332,995 #* Kratos Defense & Security Solutions, Inc. 8,198 90,219 L3 Technologies, Inc. 6,535 1,143,429 Landstar System, Inc. 5,569 463,062 * Lawson Products, Inc. 796 18,348 * Layne Christensen Co. 963 10,198 LB Foster Co. Class A 958 16,861 # Lennox International, Inc. 2,721 465,291 Lincoln Electric Holdings, Inc. 8,127 709,162 Lindsay Corp. 350 32,085 LS Starrett Co. (The) Class A 1,000 8,000 LSC Communications, Inc. 3,620 77,396 LSI Industries, Inc. 1,800 15,066 * Lydall, Inc. 1,763 87,269 Macquarie Infrastructure Corp. 5,303 402,020 * Manitowoc Co., Inc. (The) 22,965 131,130 ManpowerGroup, Inc. 10,317 1,105,467 Marten Transport, Ltd. 3,343 53,321 Masco Corp. 14,823 565,201 * Masonite International Corp. 2,005 155,688 * MasTec, Inc. 12,929 597,320 Matthews International Corp. Class A 3,218 210,940 McGrath RentCorp 3,156 112,133 * Mercury Systems, Inc. 4,095 179,811 * Meritor, Inc. 8,966 154,932 #* Middleby Corp. (The) 3,508 458,425 #* Milacron Holdings Corp. 5,798 104,248 Miller Industries, Inc. 900 23,490 * Mistras Group, Inc. 3,871 78,001 Mobile Mini, Inc. 4,519 139,185 * Moog, Inc. Class A 4,488 333,548 * Moog, Inc. Class B 200 15,064 * MRC Global, Inc. 17,222 281,407 MSA Safety, Inc. 3,801 304,688 MSC Industrial Direct Co., Inc. Class A 8,148 580,219 Mueller Industries, Inc. 5,807 182,921 Mueller Water Products, Inc. Class A 21,298 247,057 Multi-Color Corp. 1,652 132,986 * MYR Group, Inc. 1,912 60,821 National Presto Industries, Inc. 700 79,170 * Navigant Consulting, Inc. 6,703 113,482 #* Navistar International Corp. 9,801 301,577 * NCI Building Systems, Inc. 5,077 91,386 * Neff Corp. Class A 449 9,429 Nielsen Holdings P.L.C. 49,707 2,137,898 * NL Industries, Inc. 1,570 12,246 NN, Inc. 3,098 85,815 # Nordson Corp. 5,243 665,861 Norfolk Southern Corp. 3,845 432,870 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Northrop Grumman Corp. 9,709 $2,554,729 * Northwest Pipe Co. 1,100 16,621 * NOW, Inc. 20,289 323,204 #* NV5 Global, Inc. 353 14,667 Old Dominion Freight Line, Inc. 6,258 600,205 Omega Flex, Inc. 391 23,476 * On Assignment, Inc. 10,001 492,549 * Orion Group Holdings, Inc. 1,224 8,592 Oshkosh Corp. 9,619 662,364 PACCAR, Inc. 20,328 1,391,452 * PAM Transportation Services, Inc. 48 841 Park-Ohio Holdings Corp. 1,124 44,679 Parker-Hannifin Corp. 6,391 1,060,778 * Patrick Industries, Inc. 1,865 141,927 * Patriot Transportation Holding, Inc. 404 8,082 * Pendrell Corp. 1,750 12,215 Pentair P.L.C. 12,921 814,927 * PGT Innovations, Inc. 4,692 60,996 Pitney Bowes, Inc. 30,738 483,816 * Ply Gem Holdings, Inc. 3,850 67,375 Powell Industries, Inc. 1,050 33,443 Primoris Services Corp. 9,291 231,532 #* Proto Labs, Inc. 1,956 144,548 Quad/Graphics, Inc. 5,242 117,735 Quanex Building Products Corp. 2,223 47,795 * Quanta Services, Inc. 20,067 676,860 * Radiant Logistics, Inc. 3,151 13,644 Raven Industries, Inc. 2,635 90,644 Raytheon Co. 9,642 1,656,206 * RBC Bearings, Inc. 2,213 228,691 Regal Beloit Corp. 4,891 407,665 Resources Connection, Inc. 6,015 80,300 * Rexnord Corp. 14,632 338,877 * Roadrunner Transportation Systems, Inc. 2,764 19,293 Robert Half International, Inc. 26,901 1,217,270 Rockwell Automation, Inc. 9,556 1,577,027 Rockwell Collins, Inc. 16,254 1,731,539 # Rollins, Inc. 10,054 436,444 # Roper Technologies, Inc. 2,278 529,544 * RPX Corp. 6,403 87,529 RR Donnelley & Sons Co. 9,655 119,336 * Rush Enterprises, Inc. Class A 4,987 215,089 Ryder System, Inc. 8,480 617,005 * Saia, Inc. 3,500 190,225 #* Sensata Technologies Holding NV 20,099 906,867 # Snap-on, Inc. 3,939 607,394 * SP Plus Corp. 1,533 50,129 * Sparton Corp. 143 3,298 Spartan Motors, Inc. 3,151 27,886 Spirit Aerosystems Holdings, Inc. Class A 16,164 976,791 * SPX Corp. 2,883 79,340 * SPX FLOW, Inc. 5,099 180,811 Standex International Corp. 1,282 123,008 Stanley Black & Decker, Inc. 11,870 1,669,990 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Steelcase, Inc. Class A 9,934 $ 135,599 * Sterling Construction Co., Inc. 1,372 17,534 Sun Hydraulics Corp. 1,856 76,764 Supreme Industries, Inc. Class A 804 12,092 #* Swift Transportation Co. 9,209 234,830 #* Team, Inc. 3,960 56,826 * Teledyne Technologies, Inc. 4,763 649,387 Tennant Co. 1,764 133,270 Terex Corp. 11,874 467,479 Tetra Tech, Inc. 8,750 415,187 Textainer Group Holdings, Ltd. 1,000 16,200 * Thermon Group Holdings, Inc. 3,145 56,201 Timken Co. (The) 9,294 422,877 Titan International, Inc. 6,299 80,312 * Titan Machinery, Inc. 1,852 33,058 Toro Co. (The) 10,098 717,867 # TransDigm Group, Inc. 2,735 771,653 * TransUnion 11,077 507,659 * Trex Co., Inc. 2,011 151,247 * TriMas Corp. 4,787 116,563 * TriNet Group, Inc. 10,115 354,025 Trinity Industries, Inc. 19,932 546,336 Triton International, Ltd. 6,784 244,631 # Triumph Group, Inc. 7,373 188,749 * TrueBlue, Inc. 5,931 151,537 * Tutor Perini Corp. 6,203 165,000 * Twin Disc, Inc. 1,000 16,920 UniFirst Corp. 1,610 229,023 Union Pacific Corp. 6,613 680,874 United Parcel Service, Inc. Class B 19,205 2,118,119 * United Rentals, Inc. 9,511 1,131,429 United Technologies Corp. 32,457 3,848,426 * Univar, Inc. 20,795 645,477 Universal Forest Products, Inc. 1,325 111,101 Universal Logistics Holdings, Inc. 1,639 23,847 * USA Truck, Inc. 1,300 12,038 #* USG Corp. 10,209 276,051 Valmont Industries, Inc. 2,786 425,422 * Vectrus, Inc. 888 30,201 * Verisk Analytics, Inc. 15,431 1,346,509 * Veritiv Corp. 2,117 78,647 Viad Corp. 2,443 130,823 VSE Corp. 1,028 53,302 # Wabash National Corp. 8,546 163,058 * WABCO Holdings, Inc. 4,734 651,256 # Wabtec Corp. 5,820 438,595 # Watsco, Inc. 6,162 929,045 Watts Water Technologies, Inc. Class A 3,578 230,423 #* Welbilt, Inc. 14,303 278,765 Werner Enterprises, Inc. 10,293 305,187 * Wesco Aircraft Holdings, Inc. 10,282 111,560 * WESCO International, Inc. 8,438 432,447 West Corp. 8,961 209,419 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) * Willdan Group, Inc. 407 $ 13,679 * Willis Lease Finance Corp. 474 11,983 Woodward, Inc. 5,873 410,758 # WW Grainger, Inc. 5,241 873,884 * Xerium Technologies, Inc. 1,949 14,169 #* XPO Logistics, Inc. 13,761 827,174 Xylem, Inc. 10,746 609,621 * YRC Worldwide, Inc. 3,057 40,628 ------------ Total Industrials 139,802,024 ------------ Information Technology -- (20.0%) Accenture P.L.C. Class A 35,197 4,534,078 * ACI Worldwide, Inc. 15,147 350,956 Activision Blizzard, Inc. 19,254 1,189,512 * Actua Corp. 3,914 52,839 * Acxiom Corp. 9,759 263,200 * Adobe Systems, Inc. 18,536 2,715,339 ADTRAN, Inc. 9,073 212,762 * Advanced Energy Industries, Inc. 4,110 298,180 #* Advanced Micro Devices, Inc. 24,721 336,453 * Agilysys, Inc. 1,572 15,814 * Akamai Technologies, Inc. 5,832 274,920 Alliance Data Systems Corp. 4,269 1,030,665 * Alpha & Omega Semiconductor, Ltd. 2,166 38,338 * Alphabet, Inc. Class A 7,641 7,224,565 * Alphabet, Inc. Class C 8,011 7,454,235 Amdocs, Ltd. 5,663 380,384 American Software, Inc. Class A 1,400 13,580 * Amkor Technology, Inc. 26,848 278,414 * Amtech Systems, Inc. 1,892 16,706 Analog Devices, Inc. 6,079 480,302 #* Angie's List, Inc. 3,027 36,263 * Anixter International, Inc. 4,444 349,965 * ANSYS, Inc. 4,338 561,988 Apple, Inc. 291,391 43,338,583 Applied Materials, Inc. 45,935 2,035,380 #* Applied Optoelectronics, Inc. 821 80,039 #* ARI Network Services, Inc. 3,600 25,362 * Arista Networks, Inc. 2,891 431,597 * ARRIS International P.L.C. 19,659 549,666 * Arrow Electronics, Inc. 9,749 792,496 * Aspen Technology, Inc. 9,457 537,820 #* Asure Software, Inc. 1,020 13,382 * Autobytel, Inc. 864 9,513 * Autodesk, Inc. 5,723 634,051 Automatic Data Processing, Inc. 22,406 2,664,297 #* Avid Technology, Inc. 2,813 14,487 Avnet, Inc. 12,819 491,993 * Aware, Inc. 500 2,300 * Axcelis Technologies, Inc. 2,358 52,348 * AXT, Inc. 2,116 18,515 Badger Meter, Inc. 2,964 134,121 * Bankrate, Inc. 4,983 69,264 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * Barracuda Networks, Inc. 6,331 $ 142,258 * Bazaarvoice, Inc. 5,937 27,904 Bel Fuse, Inc. Class B 878 22,170 Black Box Corp. 1,910 15,089 #* Black Knight Financial Services, Inc. Class A 5,080 215,900 # Blackbaud, Inc. 3,818 352,554 * Blackhawk Network Holdings, Inc. 8,075 352,474 * Blucora, Inc. 3,816 85,478 Booz Allen Hamilton Holding Corp. 17,703 607,213 * Bottomline Technologies de, Inc. 1,453 41,381 Broadcom, Ltd. 5,826 1,437,041 Broadridge Financial Solutions, Inc. 8,076 612,645 Brocade Communications Systems, Inc. 38,362 484,512 Brooks Automation, Inc. 8,242 202,424 CA, Inc. 35,996 1,117,316 Cabot Microelectronics Corp. 2,168 160,757 * CACI International, Inc. Class A 2,741 342,899 * Cadence Design Systems, Inc. 18,324 676,156 * CalAmp Corp. 2,229 42,574 * Calix, Inc. 5,447 37,312 * Carbonite, Inc. 2,593 61,195 * Cardtronics P.L.C. Class A 6,767 211,807 #* Cars.com, Inc. 14,799 359,616 Cass Information Systems, Inc. 1,198 79,020 CDK Global, Inc. 11,353 746,800 CDW Corp. 9,877 626,498 #* Ciena Corp. 17,566 452,324 #* Cimpress NV 3,052 269,308 Cisco Systems, Inc. 188,759 5,936,471 * Citrix Systems, Inc. 12,332 973,981 * Clearfield, Inc. 1,200 13,800 # ClearOne, Inc. 858 8,408 Cognex Corp. 6,788 645,267 Cognizant Technology Solutions Corp. Class A 18,992 1,316,525 * Coherent, Inc. 2,358 624,870 Cohu, Inc. 2,773 50,524 * CommerceHub, Inc. Series A 479 8,737 * CommerceHub, Inc. Series C 958 17,225 * CommScope Holding Co., Inc. 10,358 380,967 Computer Task Group, Inc. 2,600 14,352 Comtech Telecommunications Corp. 2,290 41,220 * Conduent, Inc. 19,472 321,483 * Control4 Corp. 973 22,233 * CoreLogic, Inc. 12,018 547,420 #* CoStar Group, Inc. 483 133,091 # CPI Card Group, Inc. 3,101 9,148 * Cray, Inc. 2,625 54,075 CSG Systems International, Inc. 4,766 197,074 CSRA, Inc. 16,741 545,924 * CyberOptics Corp. 483 7,970 Daktronics, Inc. 4,036 39,472 * DHI Group, Inc. 2,357 5,185 # Diebold Nixdorf, Inc. 3,154 73,804 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Information Technology -- (Continued) * Digi International, Inc. 2,612 $ 27,295 * Diodes, Inc. 3,473 92,139 Dolby Laboratories, Inc. Class A 4,451 230,339 * DSP Group, Inc. 1,896 23,890 DST Systems, Inc. 7,820 429,318 DXC Technology Co. 11,147 873,702 * eBay, Inc. 38,809 1,386,646 # Ebix, Inc. 960 55,440 * EchoStar Corp. Class A 5,172 314,096 * Electro Scientific Industries, Inc. 2,000 17,300 * Electronic Arts, Inc. 11,144 1,300,951 * Electronics for Imaging, Inc. 4,903 238,188 #* Ellie Mae, Inc. 1,755 153,071 Emcore Corp. 1,184 13,734 * Endurance International Group Holdings, Inc. 2,888 26,714 * EnerNOC, Inc. 3,203 24,503 * Entegris, Inc. 10,757 280,758 * EPAM Systems, Inc. 3,795 326,104 * ePlus, Inc. 1,542 124,748 * Euronet Worldwide, Inc. 6,824 659,267 * Everi Holdings, Inc. 5,200 38,792 * ExlService Holdings, Inc. 4,357 250,745 * Extreme Networks, Inc. 9,379 82,441 * F5 Networks, Inc. 4,942 596,746 * Facebook, Inc. Class A 62,175 10,523,119 Fair Isaac Corp. 2,909 414,678 * FARO Technologies, Inc. 1,724 68,098 Fidelity National Information Services, Inc. 12,439 1,134,686 * Finisar Corp. 11,953 325,361 #* FireEye, Inc. 15,120 221,206 #* First Data Corp. Class A 25,212 470,456 * Fiserv, Inc. 11,354 1,458,989 * FleetCor Technologies, Inc. 5,102 775,810 * Flex, Ltd. 19,672 314,555 FLIR Systems, Inc. 14,699 548,567 * FormFactor, Inc. 4,492 58,845 Forrester Research, Inc. 1,871 76,337 * Fortinet, Inc. 6,307 232,791 * Frequency Electronics, Inc. 1,723 14,818 * Gartner, Inc. 5,077 651,481 Genpact, Ltd. 11,273 326,917 Global Payments, Inc. 7,835 739,389 GlobalSCAPE, Inc. 2,764 14,096 #* Globant SA 1,200 55,164 * GoDaddy, Inc. Class A 4,750 204,155 #* GrubHub, Inc. 3,867 178,385 * GSI Technology, Inc. 2,247 16,313 * GTT Communications, Inc. 5,678 173,463 #* Guidewire Software, Inc. 3,719 268,363 Hackett Group, Inc. (The) 4,000 65,680 #* Harmonic, Inc. 9,882 40,516 Harris Corp. 6,740 771,528 * IAC/InterActiveCorp 3,495 365,682 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* Infinera Corp. 12,807 $ 150,226 * Insight Enterprises, Inc. 3,800 153,976 * Integrated Device Technology, Inc. 10,591 276,849 Intel Corp. 144,256 5,116,760 InterDigital, Inc. 4,528 329,865 #* Internap Corp. 800 3,040 International Business Machines Corp. 44,675 6,463,132 * inTEST Corp. 2,700 23,490 * Intevac, Inc. 1,900 21,565 Intuit, Inc. 13,910 1,908,591 * IPG Photonics Corp. 118 18,012 * Itron, Inc. 3,564 260,172 # j2 Global, Inc. 3,687 312,031 Jabil, Inc. 17,553 535,366 # Jack Henry & Associates, Inc. 5,406 580,172 Juniper Networks, Inc. 20,669 577,699 * Kemet Corp. 3,386 57,054 * Key Tronic Corp. 334 2,428 * Keysight Technologies, Inc. 8,478 352,600 * Kimball Electronics, Inc. 1,907 37,091 KLA-Tencor Corp. 11,944 1,106,373 #* Kopin Corp. 5,600 21,280 * Kulicke & Soffa Industries, Inc. 8,480 182,659 * KVH Industries, Inc. 1,119 12,197 Lam Research Corp. 10,613 1,692,349 * Leaf Group, Ltd. 1,900 14,345 Leidos Holdings, Inc. 11,005 588,107 * Limelight Networks, Inc. 9,772 33,420 * Liquidity Services, Inc. 2,301 15,647 LogMeIn, Inc. 4,612 537,067 #* Lumentum Holdings, Inc. 4,139 259,101 * Luxoft Holding, Inc. 1,045 65,783 #* MagnaChip Semiconductor Corp. 3,441 37,507 * Manhattan Associates, Inc. 6,318 279,256 ManTech International Corp. Class A 2,846 113,043 * Marchex, Inc. Class B 2,015 5,844 Marvell Technology Group, Ltd. 35,177 547,354 Mastercard, Inc. Class A 54,952 7,022,866 #* Match Group, Inc. 1,590 29,018 MAXIMUS, Inc. 8,555 516,380 * MaxLinear, Inc. 10,610 277,982 #* Meet Group, Inc.(The) 3,482 17,480 Mesa Laboratories, Inc. 200 28,906 Methode Electronics, Inc. 2,769 110,068 * Microsemi Corp. 6,200 322,896 Microsoft Corp. 293,979 21,372,273 * MicroStrategy, Inc. Class A 1,106 148,768 MKS Instruments, Inc. 4,684 391,817 * MoneyGram International, Inc. 5,134 83,787 Monotype Imaging Holdings, Inc. 3,966 74,759 Motorola Solutions, Inc. 4,600 417,128 # MTS Systems Corp. 1,592 83,898 * Nanometrics, Inc. 970 25,851 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * Napco Security Technologies, Inc. 1,700 $ 15,555 # National Instruments Corp. 11,520 473,933 * NCI, Inc. Class A 253 5,047 * NCR Corp. 12,651 478,840 NetApp, Inc. 24,218 1,051,546 * NETGEAR, Inc. 3,847 184,271 #* Netscout Systems, Inc. 6,614 228,183 #* NeuStar, Inc. Class A 1,800 60,120 NIC, Inc. 3,623 58,874 * Novanta, Inc. 3,173 117,084 * Nuance Communications, Inc. 31,928 552,354 NVIDIA Corp. 28,392 4,613,984 #* Oclaro, Inc. 7,232 70,729 Oracle Corp. 98,510 4,918,604 #* OSI Systems, Inc. 1,806 144,426 #* Palo Alto Networks, Inc. 1,897 249,987 * PAR Technology Corp. 1,359 12,177 Paychex, Inc. 17,117 990,218 #* Paycom Software, Inc. 4,422 309,938 * PayPal Holdings, Inc. 30,199 1,768,151 PC Connection, Inc. 2,867 73,969 * PCM, Inc. 600 7,425 #* PDF Solutions, Inc. 2,200 35,310 Pegasystems, Inc. 7,463 451,138 * Perceptron, Inc. 1,900 13,794 * Perficient, Inc. 2,924 54,971 * PFSweb, Inc. 1,693 13,239 * Photronics, Inc. 6,810 68,440 * Planet Payment, Inc. 5,317 17,227 Plantronics, Inc. 4,028 181,985 * Plexus Corp. 223 11,955 Power Integrations, Inc. 628 44,368 * PRGX Global, Inc. 1,900 11,875 Progress Software Corp. 5,717 183,001 #* Proofpoint, Inc. 1,000 85,240 * PTC, Inc. 6,633 366,075 QAD, Inc. Class A 1,155 36,209 QUALCOMM, Inc. 63,266 3,365,119 * Qualys, Inc. 3,100 124,465 * QuinStreet, Inc. 3,300 12,837 * Radisys Corp. 2,600 6,344 * RealNetworks, Inc. 2,200 9,570 * RealPage, Inc. 7,021 272,064 * Red Hat, Inc. 9,094 899,124 Reis, Inc. 500 10,700 Richardson Electronics, Ltd. 500 2,930 * Rubicon Project, Inc. (The) 3,297 15,496 * Rudolph Technologies, Inc. 3,224 79,794 # Sabre Corp. 18,221 403,231 * salesforce.com, Inc. 11,029 1,001,433 * ScanSource, Inc. 1,033 40,907 Science Applications International Corp. 6,756 475,690 * Seachange International, Inc. 5,000 14,200 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) * Semtech Corp. 3,005 $118,998 #* ServiceNow, Inc. 4,331 478,359 * ServiceSource International, Inc. 4,898 18,612 * ShoreTel, Inc. 5,165 38,479 * Shutterstock, Inc. 1,512 63,716 * Sigma Designs, Inc. 2,854 18,551 * Silicon Laboratories, Inc. 1,100 82,610 #* Silver Spring Networks, Inc. 6,090 68,878 * Sonus Networks, Inc. 4,779 32,641 #* Splunk, Inc. 3,364 201,874 SS&C Technologies Holdings, Inc. 15,528 601,865 #* Stamps.com, Inc. 1,146 169,723 * StarTek, Inc. 1,400 17,220 * Stratasys, Ltd. 3,397 81,494 * Super Micro Computer, Inc. 4,918 132,048 * Sykes Enterprises, Inc. 6,556 222,904 Symantec Corp. 9,673 299,766 #* Synaptics, Inc. 2,318 121,950 * Synchronoss Technologies, Inc. 5,296 89,396 SYNNEX Corp. 5,138 611,011 * Synopsys, Inc. 11,684 894,644 # Syntel, Inc. 6,323 123,235 Systemax, Inc. 1,146 20,766 #* Tableau Software, Inc. Class A 2,139 137,859 #* Take-Two Interactive Software, Inc. 10,195 810,299 TE Connectivity, Ltd. 7,437 597,860 * Tech Data Corp. 4,839 495,514 * TechTarget, Inc. 1,309 12,553 * Telenav, Inc. 2,293 17,198 TeleTech Holdings, Inc. 5,013 209,543 #* Teradata Corp. 21,127 672,261 Teradyne, Inc. 17,472 604,356 Tessco Technologies, Inc. 626 8,357 TiVo Corp. 15,131 296,568 Total System Services, Inc. 10,763 683,020 TransAct Technologies, Inc. 300 2,655 Travelport Worldwide, Ltd. 13,357 191,005 * Travelzoo 800 8,400 * Tremor Video, Inc. 29,446 61,542 * Trimble, Inc. 17,989 673,328 #* Twitter, Inc. 11,700 188,253 #* Tyler Technologies, Inc. 2,200 377,982 #* Ubiquiti Networks, Inc. 6,969 379,810 #* Ultimate Software Group, Inc. (The) 624 140,843 * Ultra Clean Holdings, Inc. 1,982 46,478 * Vantiv, Inc. Class A 11,001 699,114 * VASCO Data Security International, Inc. 4,089 55,202 * Veeco Instruments, Inc. 3,733 114,976 #* VeriFone Systems, Inc. 15,634 305,019 * Verint Systems, Inc. 5,727 227,076 #* VeriSign, Inc. 3,682 372,508 #* ViaSat, Inc. 5,082 335,869 * Viavi Solutions, Inc. 12,892 141,425 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Information Technology -- (Continued) * Virtusa Corp. 3,344 $ 110,854 # Visa, Inc. Class A 91,449 9,104,662 * Vishay Precision Group, Inc. 335 5,863 #* VMware, Inc. Class A 1,806 167,434 * Web.com Group, Inc. 8,846 194,170 * WebMD Health Corp. 3,824 253,340 # Western Union Co. (The) 32,709 646,003 * WEX, Inc. 3,650 396,682 #* Workday, Inc. Class A 2,468 252,007 * Xcerra Corp. 5,104 49,560 Xerox Corp. 26,698 818,828 # Xilinx, Inc. 10,594 670,176 * XO Group, Inc. 1,650 30,162 Xperi Corp. 5,194 151,924 YuMe, Inc. 2,900 12,586 #* Zebra Technologies Corp. Class A 6,971 709,090 * Zedge, Inc. Class B 894 1,851 * Zillow Group, Inc. Class A 2,300 104,489 #* Zillow Group, Inc. Class C 3,188 143,970 * Zix Corp. 2,090 11,140 #* Zynga, Inc. Class A 97,627 352,433 ------------ Total Information Technology 235,725,209 ------------ Materials -- (3.2%) A Schulman, Inc. 3,805 100,072 * AdvanSix, Inc. 1,358 45,466 * AgroFresh Solutions, Inc. 3,791 29,570 Albemarle Corp. 9,288 1,075,550 American Vanguard Corp. 2,517 44,551 Ampco-Pittsburgh Corp. 1,800 26,010 # AptarGroup, Inc. 9,886 800,074 Ashland Global Holdings, Inc. 6,619 430,036 Avery Dennison Corp. 10,604 985,430 * Axalta Coating Systems, Ltd. 19,710 620,865 Balchem Corp. 4,275 331,740 # Ball Corp. 22,449 940,613 Bemis Co., Inc. 15,519 657,540 * Berry Global Group, Inc. 9,903 555,360 * Boise Cascade Co. 5,049 153,237 Celanese Corp. Series A 9,113 876,397 Chase Corp. 1,529 165,209 Chemours Co. (The) 16,333 777,614 * Clearwater Paper Corp. 1,194 58,685 * Coeur Mining, Inc. 8,107 67,126 # Compass Minerals International, Inc. 3,978 274,681 * Crown Holdings, Inc. 9,615 571,804 # Deltic Timber Corp. 200 14,426 Domtar Corp. 3,732 145,772 Dow Chemical Co. (The) 23,712 1,523,259 Ecolab, Inc. 18,078 2,380,330 EI du Pont de Nemours & Co. 7,926 651,597 * Ferro Corp. 17,176 330,466 Ferroglobe P.L.C. 7,336 93,754 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Materials -- (Continued) FMC Corp. 5,788 $ 442,087 FutureFuel Corp. 5,003 72,844 * GCP Applied Technologies, Inc. 9,264 280,699 Graphic Packaging Holding Co. 44,860 591,703 Greif, Inc. Class A 3,723 208,823 Greif, Inc. Class B 1,339 80,206 Hawkins, Inc. 1,225 55,064 Haynes International, Inc. 347 10,854 HB Fuller Co. 9,315 479,909 Hecla Mining Co. 18,465 99,896 Huntsman Corp. 32,062 853,491 * Ingevity Corp. 4,455 260,618 Innophos Holdings, Inc. 2,662 111,192 Innospec, Inc. 2,986 186,326 International Flavors & Fragrances, Inc. 4,248 565,749 International Paper Co. 9,143 502,682 KapStone Paper and Packaging Corp. 11,999 274,297 KMG Chemicals, Inc. 800 40,496 * Kraton Corp. 4,065 151,218 Kronos Worldwide, Inc. 10,711 228,359 * Louisiana-Pacific Corp. 7,446 186,969 * LSB Industries, Inc. 1,000 7,080 LyondellBasell Industries NV Class A 5,921 533,423 Materion Corp. 3,829 147,225 Mercer International, Inc. 3,069 33,759 Minerals Technologies, Inc. 4,788 338,990 Mosaic Co. (The) 7,044 170,042 Myers Industries, Inc. 3,900 66,300 Neenah Paper, Inc. 1,099 87,810 NewMarket Corp. 1,300 598,143 Newmont Mining Corp. 1,900 70,623 * Northern Technologies International Corp. 800 14,600 Olin Corp. 20,242 596,734 * OMNOVA Solutions, Inc. 5,800 54,520 Packaging Corp. of America 9,115 997,910 PH Glatfelter Co. 2,575 52,710 * Platform Specialty Products Corp. 39,910 559,139 PolyOne Corp. 5,424 198,410 PPG Industries, Inc. 14,948 1,573,277 Quaker Chemical Corp. 1,480 209,968 # Rayonier Advanced Materials, Inc. 5,936 88,506 #* Real Industry, Inc. 61 180 Reliance Steel & Aluminum Co. 13,868 1,003,489 Royal Gold, Inc. 4,270 370,038 RPM International, Inc. 9,436 489,445 Schnitzer Steel Industries, Inc. Class A 3,502 90,352 # Scotts Miracle-Gro Co. (The) 14,591 1,400,590 Sealed Air Corp. 14,468 629,503 Sensient Technologies Corp. 4,995 371,428 Sherwin-Williams Co. (The) 6,297 2,123,789 Silgan Holdings, Inc. 18,971 574,821 Sonoco Products Co. 13,680 663,206 Stepan Co. 3,143 258,260 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) * Synalloy Corp. 300 $ 3,390 * Trecora Resources 500 5,775 Tredegar Corp. 2,773 41,872 Trinseo SA 6,645 467,144 * UFP Technologies, Inc. 760 21,926 * Universal Stainless & Alloy Products, Inc. 601 11,419 #* US Concrete, Inc. 1,620 126,927 Valvoline, Inc. 13,726 311,168 Vulcan Materials Co. 3,270 402,602 Westlake Chemical Corp. 3,000 211,080 WestRock Co. 14,614 839,136 Worthington Industries, Inc. 7,383 374,097 WR Grace & Co. 6,003 413,967 ----------- Total Materials 38,015,489 ----------- Real Estate -- (0.4%) Alexander & Baldwin, Inc. 5,763 241,643 #* Altisource Portfolio Solutions SA 510 13,306 * CBRE Group, Inc. Class A 26,497 1,006,621 Consolidated-Tomoka Land Co. 572 31,712 * FRP Holdings, Inc. 837 38,627 Griffin Industrial Realty, Inc. 600 19,314 HFF, Inc. Class A 5,626 206,587 * Howard Hughes Corp. (The) 2,923 367,743 Jones Lang LaSalle, Inc. 7,297 928,324 * JW Mays, Inc. 248 9,399 Kennedy-Wilson Holdings, Inc. 10,491 210,869 * Marcus & Millichap, Inc. 2,864 73,318 * Maui Land & Pineapple Co., Inc. 8,512 147,683 RE/MAX Holdings, Inc. Class A 3,270 190,150 Realogy Holdings Corp. 16,169 536,811 RMR Group, Inc. (The) Class A 2,376 116,068 #* St Joe Co. (The) 5,730 103,426 Stratus Properties, Inc. 321 9,197 * Tejon Ranch Co. 1,795 37,659 ----------- Total Real Estate 4,288,457 ----------- Telecommunication Services -- (2.5%) AT&T, Inc. 303,027 11,818,053 ATN International, Inc. 1,900 110,200 * Boingo Wireless, Inc. 13,346 197,921 * Cincinnati Bell, Inc. 5,521 102,967 Cogent Communications Holdings, Inc. 8,077 337,215 # Consolidated Communications Holdings, Inc. 10,132 182,376 # Frontier Communications Corp. 5,677 86,915 * General Communication, Inc. Class A 4,689 200,080 * Hawaiian Telcom Holdco, Inc. 1,207 35,293 IDT Corp. Class B 3,461 51,257 #* Iridium Communications, Inc. 3,706 36,875 * Lumos Networks Corp. 4,764 85,323 * ORBCOMM, Inc. 7,866 91,324 Shenandoah Telecommunications Co. 13,621 418,846 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Telecommunication Services -- (Continued) Spok Holdings, Inc. 3,028 $ 49,659 #* Sprint Corp. 80,731 644,233 * T-Mobile US, Inc. 22,482 1,386,240 Telephone & Data Systems, Inc. 17,525 498,236 * United States Cellular Corp. 3,492 132,277 Verizon Communications, Inc. 237,527 11,496,307 * Vonage Holdings Corp. 37,967 250,962 # Windstream Holdings, Inc. 4,588 17,388 * Zayo Group Holdings, Inc. 25,056 821,586 -------------- Total Telecommunication Services 29,051,533 -------------- Utilities -- (1.1%) American States Water Co. 6,271 310,101 American Water Works Co., Inc. 14,059 1,140,185 # Aqua America, Inc. 32,518 1,085,451 Atmos Energy Corp. 8,329 722,624 California Water Service Group 8,268 321,625 Chesapeake Utilities Corp. 2,050 158,363 Connecticut Water Service, Inc. 1,944 110,769 # Consolidated Edison, Inc. 12,804 1,060,939 Consolidated Water Co., Ltd. 163 2,103 Delta Natural Gas Co., Inc. 149 4,534 # Eversource Energy 17,799 1,082,001 Genie Energy, Ltd. Class B 102 676 Middlesex Water Co. 2,646 103,829 New Jersey Resources Corp. 14,688 619,099 Northwest Natural Gas Co. 4,458 281,300 NRG Yield, Inc. Class A 5,815 106,007 # NRG Yield, Inc. Class C 10,478 194,891 ONE Gas, Inc. 8,009 582,895 Ormat Technologies, Inc. 9,177 544,196 Pattern Energy Group, Inc. 14,947 375,170 PG&E Corp. 20,102 1,360,704 SJW Corp. 3,572 188,852 South Jersey Industries, Inc. 13,568 460,905 Southwest Gas Holdings, Inc. 6,001 480,680 Spire, Inc. 8,250 598,950 UGI Corp. 9,873 498,290 Unitil Corp. 1,602 81,302 WGL Holdings, Inc. 6,472 554,780 York Water Co. (The) 1,961 68,243 -------------- Total Utilities 13,099,464 -------------- TOTAL COMMON STOCKS 1,087,980,886 -------------- RIGHTS/WARRANTS -- (0.0%) (degrees)* Dyax Corp. Contingent Value Rights 1,400 1,554 (degrees)#* Safeway Casa Ley Contingent Value Rights 10,882 11,044 U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- (degrees)* Safeway PDC, LLC Contingent Value Rights 10,882 $ 4 -------------- TOTAL RIGHTS/WARRANTS 12,602 -------------- TOTAL INVESTMENT SECURITIES 1,087,993,488 -------------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional U.S. Government Money Market Fund, 0.940% 3,263,531 3,263,531 -------------- SECURITIES LENDING COLLATERAL -- (7.4%) (S)@ DFA Short Term Investment Fund 7,513,271 86,943,576 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $897,897,872)^^ $1,178,200,595 ============== U.S. SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ----------- ------- -------------- Common Stocks Consumer Discretionary $ 190,512,554 $ 15,465 -- $ 190,528,019 Consumer Staples 73,709,854 -- -- 73,709,854 Energy 24,471,503 -- -- 24,471,503 Financials 192,732,049 -- -- 192,732,049 Health Care 146,557,285 -- -- 146,557,285 Industrials 139,802,024 -- -- 139,802,024 Information Technology 235,725,209 -- -- 235,725,209 Materials 38,015,489 -- -- 38,015,489 Real Estate 4,288,457 -- -- 4,288,457 Telecommunication Services 29,051,533 -- -- 29,051,533 Utilities 13,099,464 -- -- 13,099,464 Rights/Warrants -- 12,602 -- 12,602 Temporary Cash Investments 3,263,531 -- -- 3,263,531 Securities Lending Collateral -- 86,943,576 -- 86,943,576 -------------- ----------- -- -------------- TOTAL $1,091,228,952 $86,971,643 -- $1,178,200,595 ============== =========== == ============== INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------- ---------- COMMON STOCKS -- (94.6%) AUSTRALIA -- (5.0%) ALS, Ltd. 25,912 $ 153,847 Altium, Ltd. 6,472 45,259 # Amaysim Australia, Ltd. 8,144 10,422 Amcor, Ltd. 59,472 730,045 AMP, Ltd. 298,649 1,287,464 Ansell, Ltd. 17,104 300,520 # AP Eagers, Ltd. 5,098 37,055 APA Group 46,126 318,214 # APN Outdoor Group, Ltd. 17,030 62,788 Appen, Ltd. 7,234 24,109 # ARB Corp., Ltd. 2,584 31,677 Aristocrat Leisure, Ltd. 18,229 295,609 #* Arrium, Ltd. 76,376 1,146 AUB Group, Ltd. 1,671 17,225 Ausdrill, Ltd. 7,076 11,013 Austal, Ltd. 31,692 45,706 Australia & New Zealand Banking Group, Ltd. 46,118 1,093,418 Australian Pharmaceutical Industries, Ltd. 40,511 56,881 # Automotive Holdings Group, Ltd. 23,606 72,327 Aveo Group 38,426 74,702 Bank of Queensland, Ltd. 29,446 283,842 # Bapcor, Ltd. 5,272 23,818 Beach Energy, Ltd. 219,610 119,746 Bellamy's Australia, Ltd. 4,380 24,718 Bendigo & Adelaide Bank, Ltd. 19,739 175,576 * Billabong International, Ltd. 7,680 4,915 # Blackmores, Ltd. 1,762 124,820 Boral, Ltd. 25,058 138,863 Brambles, Ltd. 83,522 617,543 Breville Group, Ltd. 7,392 59,434 Brickworks, Ltd. 4,029 42,542 BT Investment Management, Ltd. 12,399 106,702 Cabcharge Australia, Ltd. 4,103 7,158 Caltex Australia, Ltd. 20,376 507,786 * Cardno, Ltd. 10,999 11,059 carsales.com, Ltd. 18,945 187,208 Cash Converters International, Ltd. 25,015 6,603 Cedar Woods Properties, Ltd. 1,692 6,646 Challenger, Ltd. 33,340 342,632 CIMIC Group, Ltd. 1,619 53,706 Coca-Cola Amatil, Ltd. 30,751 202,493 Cochlear, Ltd. 4,720 539,183 Collins Foods, Ltd. 5,429 26,007 Commonwealth Bank of Australia 53,862 3,608,477 Computershare, Ltd. 36,247 407,833 # Corporate Travel Management, Ltd. 4,072 72,778 Credit Corp. Group, Ltd. 3,408 46,181 Crown Resorts, Ltd. 6,901 70,280 CSG, Ltd. 21,603 11,904 CSL, Ltd. 11,362 1,144,747 CSR, Ltd. 51,140 160,463 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) Data#3, Ltd. 4,250 $ 6,042 Decmil Group, Ltd. 10,092 6,617 Domino's Pizza Enterprises, Ltd. 4,869 207,574 Downer EDI, Ltd. 58,811 299,352 DuluxGroup, Ltd. 53,204 280,535 # Eclipx Group, Ltd. 6,089 18,063 #* Elders, Ltd. 8,499 35,352 #* Energy Resources of Australia, Ltd. 5,657 2,468 EQT Holdings, Ltd. 700 9,800 Event Hospitality and Entertainment, Ltd. 4,728 49,731 Evolution Mining, Ltd. 94,190 168,301 Fairfax Media, Ltd. 189,432 150,023 # FlexiGroup, Ltd. 14,880 22,982 # Flight Centre Travel Group, Ltd. 4,570 158,956 Fortescue Metals Group, Ltd. 187,507 861,822 Genworth Mortgage Insurance Australia, Ltd. 18,794 45,255 GrainCorp, Ltd. Class A 12,484 87,164 # Greencross, Ltd. 5,260 24,281 GUD Holdings, Ltd. 8,605 82,251 GWA Group, Ltd. 21,997 57,062 Hansen Technologies, Ltd. 13,940 42,507 # Harvey Norman Holdings, Ltd. 63,719 222,796 Healthscope, Ltd. 67,266 111,965 HT&E, Ltd. 30,427 63,282 Iluka Resources, Ltd. 12,112 87,440 * Imdex, Ltd. 15,311 8,940 # IMF Bentham, Ltd. 21,344 32,950 # Independence Group NL 59,126 142,835 * Infigen Energy 113,635 70,037 Infomedia, Ltd. 21,693 12,847 Insurance Australia Group, Ltd. 44,264 236,077 Integrated Research, Ltd. 8,063 21,603 # InvoCare, Ltd. 9,478 105,394 # IOOF Holdings, Ltd. 19,880 159,700 IRESS, Ltd. 11,589 119,650 iSelect, Ltd. 14,507 24,245 # iSentia Group, Ltd. 11,748 20,857 IVE Group, Ltd. 6,839 12,306 James Hardie Industries P.L.C. 13,821 211,625 # JB Hi-Fi, Ltd. 11,106 231,040 LendLease Group 20,602 277,884 Link Administration Holdings, Ltd. 34,456 212,416 * Macmahon Holdings, Ltd. 77,872 10,612 Macquarie Atlas Roads Group 16,939 75,347 Macquarie Group, Ltd. 12,831 880,907 Magellan Financial Group, Ltd. 16,999 359,101 #* Mayne Pharma Group, Ltd. 92,562 71,115 McMillan Shakespeare, Ltd. 12,863 147,656 McPherson's, Ltd. 5,484 6,247 Medibank Pvt, Ltd. 229,628 499,679 #* Mesoblast, Ltd. 14,037 19,584 * Metals X, Ltd. 26,666 17,398 # Metcash, Ltd. 153,812 322,489 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Mineral Resources, Ltd. 28,724 $ 282,427 MNF Group, Ltd. 4,580 17,020 # Monadelphous Group, Ltd. 13,853 169,000 * Mount Gibson Iron, Ltd. 33,294 11,856 # Myer Holdings, Ltd. 39,532 24,010 MYOB Group, Ltd. 13,727 36,505 National Australia Bank, Ltd. 83,000 1,989,742 Newcrest Mining, Ltd. 19,920 323,671 nib holdings, Ltd. 38,153 175,272 Nick Scali, Ltd. 2,037 9,951 Nine Entertainment Co. Holdings, Ltd. 85,854 98,871 Northern Star Resources, Ltd. 51,448 182,265 Nufarm, Ltd. 28,295 191,542 oOh!media, Ltd. 6,055 19,487 Orica, Ltd. 21,541 342,450 Orora, Ltd. 139,662 308,382 OZ Minerals, Ltd. 31,232 208,725 Pact Group Holdings, Ltd. 15,432 70,768 #* Paladin Energy, Ltd. 41,883 1,575 Peet, Ltd. 8,746 8,330 Perpetual, Ltd. 3,321 134,130 #* Perseus Mining, Ltd. 19,074 4,841 # Platinum Asset Management, Ltd. 21,752 95,169 # Premier Investments, Ltd. 10,323 112,674 Primary Health Care, Ltd. 49,378 133,795 Prime Media Group, Ltd. 500 162 Programmed Maintenance Services, Ltd. 31,174 74,349 QBE Insurance Group, Ltd. 58,490 554,108 # Qube Holdings, Ltd. 34,278 72,870 # Quintis, Ltd. 11,448 2,748 * Ramelius Resources, Ltd. 11,958 3,846 Ramsay Health Care, Ltd. 7,194 406,218 * RCR Tomlinson, Ltd. 8,195 24,589 # REA Group, Ltd. 5,384 296,982 Reckon, Ltd. 5,948 7,147 Reece, Ltd. 443 14,982 # Regis Healthcare, Ltd. 1,128 3,330 Resolute Mining, Ltd. 58,924 50,890 # Retail Food Group, Ltd. 6,557 25,419 Ridley Corp., Ltd. 19,171 21,922 Sandfire Resources NL 16,927 78,492 #* Saracen Mineral Holdings, Ltd. 69,740 75,540 Seek, Ltd. 54,954 751,437 #* Senex Energy, Ltd. 26,881 6,137 Service Stream, Ltd. 10,719 11,585 # Seven Group Holdings, Ltd. 8,188 78,362 Seven West Media, Ltd. 111,498 72,238 SG Fleet Group, Ltd. 6,145 18,054 Sigma Healthcare, Ltd. 42,972 33,017 #* Silex Systems, Ltd. 1,748 511 # Silver Chef, Ltd. 2,430 16,384 #* Silver Lake Resources, Ltd. 2,487 892 Sims Metal Management, Ltd. 24,620 305,818 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- AUSTRALIA -- (Continued) Sims Metal Management, Ltd. Sponsored ADR 819 $ 10,041 # Sirtex Medical, Ltd. 5,204 66,972 SmartGroup Corp., Ltd. 3,728 22,331 SMS Management & Technology, Ltd. 9,090 13,079 Sonic Healthcare, Ltd. 17,844 318,461 Southern Cross Media Group, Ltd. 95,549 101,331 Spark Infrastructure Group 59,537 119,193 SpeedCast International, Ltd. 20,207 55,756 * St Barbara, Ltd. 53,797 117,445 Star Entertainment Grp, Ltd. (The) 37,807 152,516 Steadfast Group, Ltd. 31,323 64,888 Suncorp Group, Ltd. 41,510 474,445 #* Sundance Energy Australia, Ltd. 49,981 2,642 # Super Retail Group, Ltd. 7,533 50,497 Sydney Airport 25,034 134,939 * Syrah Resources, Ltd. 2,209 5,091 Tabcorp Holdings, Ltd. 88,568 295,943 Tassal Group, Ltd. 17,023 51,638 Tatts Group, Ltd. 112,036 358,535 Technology One, Ltd. 24,280 104,212 #* Ten Network Holdings, Ltd. 5,478 701 Thorn Group, Ltd. 17,790 18,794 * Tiger Resources, Ltd. 41,785 1,230 # TPG Telecom, Ltd. 17,815 79,942 Transurban Group 48,318 441,265 Treasury Wine Estates, Ltd. 26,621 259,176 # Village Roadshow, Ltd. 6,782 21,809 Virtus Health, Ltd. 2,176 9,755 # Vocus Group, Ltd. 42,519 118,612 Webjet, Ltd. 5,776 53,202 #* Western Areas, Ltd. 30,224 57,320 * Westgold Resources, Ltd. 16,111 20,379 # Westpac Banking Corp. 101,833 2,595,737 Westpac Banking Corp. Sponsored ADR 12,660 323,969 Woolworths, Ltd. 39,704 847,419 * WorleyParsons, Ltd. 34,325 323,951 WPP AUNZ, Ltd. 25,450 23,442 ----------- TOTAL AUSTRALIA 36,894,397 ----------- AUSTRIA -- (0.4%) Agrana Beteiligungs AG 22 2,982 ANDRITZ AG 6,386 390,975 Atrium European Real Estate, Ltd. 3,674 17,173 BUWOG AG 10,479 307,937 # DO & CO AG 463 33,888 Erste Group Bank AG 4,068 168,516 Flughafen Wien AG 372 14,630 # IMMOFINANZ AG 61,164 148,763 Kapsch TrafficCom AG 369 20,837 Lenzing AG 501 89,634 Mayr Melnhof Karton AG 188 24,780 Oesterreichische Post AG 3,015 138,622 Palfinger AG 699 32,669 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- AUSTRIA -- (Continued) POLYTEC Holding AG 633 $ 11,695 # Porr Ag 822 29,301 * Raiffeisen Bank International AG 7,792 229,628 RHI AG 560 21,130 Rosenbauer International AG 124 7,504 S IMMO AG 2,929 43,833 # Semperit AG Holding 880 26,883 Strabag SE 618 27,432 Telekom Austria AG 15,213 137,538 UNIQA Insurance Group AG 13,869 143,576 Vienna Insurance Group AG Wiener Versicherung Gruppe 4,188 126,071 Voestalpine AG 5,183 262,695 Wienerberger AG 12,254 281,696 Zumtobel Group AG 3,016 59,721 ---------- TOTAL AUSTRIA 2,800,109 ---------- BELGIUM -- (1.1%) * Ablynx NV 408 6,177 Ageas 22,593 1,017,107 * AGFA-Gevaert NV 23,139 107,887 Atenor 197 11,242 Banque Nationale de Belgique 8 27,591 Barco NV 1,085 108,670 Bekaert SA 5,806 280,823 bpost SA 9,489 259,773 Cie d'Entreprises CFE 772 113,814 Cie Immobiliere de Belgique SA 49 3,051 Colruyt SA 9,696 543,347 D'ieteren SA 2,462 116,626 Deceuninck NV 4,912 20,068 * Econocom Group SA 9,395 71,799 Elia System Operator SA 1,555 91,190 Euronav NV 2,543 20,288 EVS Broadcast Equipment SA 964 39,116 #* Fagron 3,574 48,804 * Galapagos NV 817 64,907 Gimv NV 541 34,231 Ion Beam Applications 2,084 73,910 Jensen-Group NV 1 48 KBC Group NV 10,587 875,270 # Kinepolis Group NV 1,425 81,879 # Lotus Bakeries 11 30,729 Melexis NV 1,621 139,448 #* Nyrstar NV 3,261 21,176 Ontex Group NV 7,193 246,675 Orange Belgium SA 5,913 145,843 Picanol 86 10,782 Proximus SADP 20,546 722,495 Recticel SA 2,769 21,828 Resilux 110 19,536 Sioen Industries NV 656 22,778 * Telenet Group Holding NV 5,069 353,889 TER Beke SA 62 13,032 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- BELGIUM -- (Continued) * Tessenderlo Group SA 4,398 $ 193,080 * ThromboGenics NV 1,084 4,061 UCB SA 11,563 842,040 Umicore SA 13,828 1,110,141 Van de Velde NV 285 15,348 ---------- TOTAL BELGIUM 7,930,499 ---------- CANADA -- (7.3%) * 5N Plus, Inc. 1,597 3,984 Absolute Software Corp. 3,100 19,767 Acadian Timber Corp. 600 8,855 Aecon Group, Inc. 5,564 67,210 * Africa Oil Corp. 13,871 21,473 # Ag Growth International, Inc. 500 22,438 # AGF Management, Ltd. Class B 4,402 26,446 Agnico Eagle Mines, Ltd.(2009823) 12,298 574,186 Agnico Eagle Mines, Ltd.(008474108) 1,200 56,052 Agrium, Inc.(008916108) 3,031 303,403 Agrium, Inc.(2213538) 5,112 511,549 # AGT Food & Ingredients, Inc. 2,100 42,834 Aimia, Inc. 40,823 47,478 # AirBoss of America Corp. 900 9,565 * Alacer Gold Corp. 24,051 40,125 Alamos Gold, Inc. Class A(011532108) 3,328 23,598 Alamos Gold, Inc. Class A(BZ3DNP6) 23,633 167,379 # Alaris Royalty Corp. 4,389 79,349 Algonquin Power & Utilities Corp. 37,600 402,012 Alimentation Couche-Tard, Inc. Class B 18,770 890,060 # AltaGas, Ltd. 2,951 68,689 Altus Group, Ltd. 589 12,075 * Amaya, Inc. 10,557 187,219 Andrew Peller, Ltd. Class A 4,800 42,735 * Argonaut Gold, Inc. 4,400 7,729 #* Asanko Gold, Inc. 10,852 13,579 * ATS Automation Tooling Systems, Inc. 7,150 76,848 * AuRico Metals, Inc.(05157J108) 1,541 1,467 * AuRico Metals, Inc.(BYR52G5) 4,409 4,173 # AutoCanada, Inc. 2,455 39,540 #* Avigilon Corp. 3,200 36,395 * B2Gold Corp. 80,200 201,344 # Badger Daylighting, Ltd. 2,900 61,594 Bank of Montreal(2076009) 24,263 1,840,232 Bank of Montreal(063671101) 1,698 128,827 Bank of Nova Scotia (The)(064149107) 6,491 404,454 Bank of Nova Scotia (The)(2076281) 38,993 2,429,185 Barrick Gold Corp.(2024644) 8,600 145,408 Barrick Gold Corp.(067901108) 30,646 518,224 BCE, Inc.(B188TH2) 3,508 164,657 BCE, Inc.(05534B760) 5,779 271,208 # Bird Construction, Inc. 4,800 32,610 # Black Diamond Group, Ltd. 1,100 2,347 * BlackBerry, Ltd.(09228F103) 20,049 188,060 * BlackBerry, Ltd.(BCBHZ31) 12,674 118,836 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- CANADA -- (Continued) * Bombardier, Inc. Class A 23,800 $ 48,679 * Bombardier, Inc. Class B 179,696 361,770 Boralex, Inc. Class A 9,800 175,052 BRP, Inc. 1,887 60,466 CAE, Inc.(2162760) 46,008 779,747 CAE, Inc.(124765108) 9,562 162,267 #* Calfrac Well Services, Ltd. 3,616 9,803 Calian Group, Ltd. 800 17,954 # Callidus Capital Corp. 900 10,965 Cameco Corp.(2166160) 24,420 250,125 Cameco Corp.(13321L108) 11,188 114,677 Canaccord Genuity Group, Inc. 6,570 33,041 Canadian Imperial Bank of Commerce(2170525) 10,229 887,894 Canadian Imperial Bank of Commerce(136069101) 4,702 408,322 Canadian Tire Corp., Ltd. Class A 4,699 536,366 # Canadian Western Bank 4,282 96,167 * Canfor Corp. 8,714 146,218 Canfor Pulp Products, Inc. 4,200 39,785 # CanWel Building Materials Group, Ltd. 2,623 12,939 #* Capstone Mining Corp. 19,300 18,576 Cara Operations, Ltd. 900 16,928 Cascades, Inc. 8,500 104,788 CCL Industries, Inc. Class B 19,075 914,468 * Celestica, Inc.(15101Q108) 4,129 49,094 * Celestica, Inc.(2263362) 4,122 48,998 Centerra Gold, Inc. 13,949 74,400 * Cequence Energy, Ltd. 4,200 590 CES Energy Solutions Corp. 10,381 53,039 * CGI Group, Inc. Class A(39945C109) 7,506 396,392 * CGI Group, Inc. Class A(2159740) 2,600 137,283 Chesswood Group, Ltd. 1,100 11,937 * China Gold International Resources Corp., Ltd. 28,871 43,998 # CI Financial Corp. 26,200 570,758 # Cineplex, Inc. 5,335 210,405 Clearwater Seafoods, Inc. 1,100 9,829 Cogeco Communications, Inc. 1,900 132,737 Cogeco, Inc. 829 50,787 Colliers International Group, Inc. 4,381 235,961 Computer Modelling Group, Ltd. 7,976 60,584 # Cona Resources, Ltd. 3,700 9,052 Constellation Software, Inc. 1,435 773,064 #* Copper Mountain Mining Corp. 14,100 11,309 Corus Entertainment, Inc. Class B 19,452 215,934 Cott Corp.(2228952) 11,072 171,841 Cott Corp.(22163N106) 3,900 60,606 * CRH Medical Corp. 3,800 12,466 #* Delphi Energy Corp. 4,200 4,144 * Descartes Systems Group, Inc. (The) 3,300 82,794 * Detour Gold Corp. 12,213 153,599 # DHX Media, Ltd.(BRF12P5) 2,300 11,991 DHX Media, Ltd.(BRF12N3) 3,721 19,370 Dollarama, Inc. 5,672 554,439 Dominion Diamond Corp. 8,800 123,803 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Dorel Industries, Inc. Class B 4,728 $ 124,917 * DREAM Unlimited Corp. Class A 3,000 17,734 * Dundee Precious Metals, Inc. 3,100 6,539 ECN Capital Corp. 23,206 73,708 Eldorado Gold Corp. 41,427 87,722 Element Fleet Management Corp. 16,220 122,813 Empire Co., Ltd. Class A 22,672 368,426 # Enbridge Income Fund Holdings, Inc. 9,980 256,474 Enbridge, Inc.(29250N105) 24,401 1,011,665 Enbridge, Inc.(2466149) 12,695 526,230 * Endeavour Mining Corp. 4,628 88,132 #* Endeavour Silver Corp. 7,913 23,991 Enercare, Inc. 9,700 162,918 Enerflex, Ltd. 14,447 199,772 #* Energy Fuels, Inc. 205 365 Enghouse Systems, Ltd. 2,000 85,711 Ensign Energy Services, Inc. 20,044 107,234 # Equitable Group, Inc. 600 26,363 * Essential Energy Services Trust 12,100 5,823 Evertz Technologies, Ltd. 3,500 49,830 Exco Technologies, Ltd. 3,824 33,984 # Extendicare, Inc. 4,400 33,492 Fairfax Financial Holdings, Ltd. 1,100 524,533 Fiera Capital Corp. 3,100 35,805 Finning International, Inc. 15,196 305,809 Firm Capital Mortgage Investment Corp. 2,400 26,084 First Capital Realty, Inc. 9,700 158,717 # First National Financial Corp. 700 14,036 First Quantum Minerals, Ltd. 34,128 377,206 FirstService Corp. 4,115 265,202 * Fortuna Silver Mines, Inc. 12,900 64,461 # Freehold Royalties, Ltd. 2,300 26,233 Gamehost, Inc. 900 6,699 * GDI Integrated Facility Services, Inc. 900 11,009 # Genworth MI Canada, Inc. 5,691 166,017 George Weston, Ltd. 3,100 270,751 Gluskin Sheff + Associates, Inc. 1,900 25,862 * GMP Capital, Inc. 1,837 4,420 goeasy, Ltd. 500 11,201 Goldcorp, Inc.(380956409) 14,543 190,950 Goldcorp, Inc.(2676302) 15,040 197,477 * Golden Star Resources, Ltd. 2,800 1,909 * Gran Tierra Energy, Inc. 4,015 9,436 Granite Oil Corp. 1,300 4,827 Great-West Lifeco, Inc. 11,500 328,189 Guardian Capital Group, Ltd. Class A 950 20,573 * Guyana Goldfields, Inc. 10,134 39,097 * Heroux-Devtek, Inc. 2,177 23,171 High Liner Foods, Inc. 1,530 20,801 # Home Capital Group, Inc. 4,800 53,130 # Horizon North Logistics, Inc. 2,100 2,223 HudBay Minerals, Inc. 11,516 89,412 # Hudson's Bay Co. 4,625 39,582 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Hydro One, Ltd. 15,377 $ 275,781 * IAMGOLD Corp. 45,400 245,071 IGM Financial, Inc. 7,600 255,782 * Imperial Metals Corp. 2,300 7,047 * Indigo Books & Music, Inc. 1,191 14,855 Industrial Alliance Insurance & Financial Services, Inc. 14,802 686,704 Innergex Renewable Energy, Inc. 13,771 161,596 Intact Financial Corp. 3,000 233,046 Inter Pipeline, Ltd. 19,999 394,927 * Interfor Corp. 6,542 101,849 Intertape Polymer Group, Inc. 6,700 129,137 * Ivanhoe Mines, Ltd. Class A 33,600 132,594 Jean Coutu Group PJC, Inc. (The) Class A 5,900 98,337 Just Energy Group, Inc. 9,022 48,412 K-Bro Linen, Inc. 600 19,370 Keyera Corp. 4,265 133,278 * Kinaxis, Inc. 900 57,887 * Kinross Gold Corp.(496902404) 7,386 30,430 * Kinross Gold Corp.(B03Z841) 134,185 553,207 Kirkland Lake Gold, Ltd. 13,336 138,200 * Klondex Mines, Ltd. 13,399 42,666 * Knight Therapeutics, Inc. 11,682 88,921 KP Tissue, Inc. 1,100 12,387 # Labrador Iron Ore Royalty Corp. 5,500 75,966 Lassonde Industries, Inc. Class A 200 38,468 Laurentian Bank of Canada 2,844 123,569 Leon's Furniture, Ltd. 1,536 22,225 Linamar Corp. 3,357 183,985 # Liquor Stores N.A., Ltd. 2,065 16,580 Loblaw Cos., Ltd. 7,910 430,783 Lucara Diamond Corp. 13,875 29,826 Lundin Mining Corp. 68,700 494,276 # MacDonald Dettwiler & Associates, Ltd. 4,443 251,987 Magellan Aerospace Corp. 2,300 36,730 Magna International, Inc.(2554475) 8,200 391,074 Magna International, Inc.(559222401) 2,799 133,484 #* Mainstreet Equity Corp. 540 16,238 Mainstreet Health Investments, Inc. 1,200 11,040 * Major Drilling Group International, Inc. 9,800 64,770 # Mandalay Resources Corp. 2,500 782 Manulife Financial Corp. 49,066 1,010,640 Medical Facilities Corp. 1,300 13,597 Metro, Inc. 14,673 497,005 * Mitel Networks Corp. 8,500 72,404 Morguard Corp. 253 34,908 Morneau Shepell, Inc. 8,101 134,307 MTY Food Group, Inc. 1,200 45,295 Mullen Group, Ltd. 15,989 204,680 # National Bank of Canada 29,375 1,322,965 Nevsun Resources, Ltd. 3,438 9,317 New Flyer Industries, Inc. 4,278 174,414 * New Gold, Inc. 49,898 166,894 #* Newalta Corp. 5,580 5,684 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Norbord, Inc. 3,900 $ 138,420 North American Energy Partners, Inc. 1,900 8,075 North West Co., Inc. (The) 4,605 112,803 OceanaGold Corp. 58,209 159,208 Open Text Corp.(683715106) 8,020 268,670 Open Text Corp.(2260824) 5,600 187,303 Osisko Gold Royalties, Ltd. 12,800 164,370 Pan American Silver Corp.(697900108) 9,665 162,855 Pan American Silver Corp.(2669272) 4,500 75,797 Parkland Fuel Corp. 5,327 114,295 Pason Systems, Inc. 100 1,460 Pembina Pipeline Corp.(B4PPQG5) 5,074 173,023 # Pembina Pipeline Corp.(B4PT2P8) 3,500 119,282 * PHX Energy Services Corp. 2,100 3,470 # Pizza Pizza Royalty Corp. 1,856 24,965 #* Platinum Group Metals, Ltd. 3,900 2,847 # PrairieSky Royalty, Ltd. 13,800 342,689 * Precision Drilling Corp.(B5YPLH9) 37,350 108,448 * Precision Drilling Corp.(74022D308) 12,221 35,685 * Premier Gold Mines, Ltd. 21,100 57,372 Premium Brands Holdings Corp. 2,300 166,087 #* Primero Mining Corp. 7,744 2,795 Quarterhill, Inc. 9,000 12,922 Quebecor, Inc. Class B 12,209 423,141 #* Questerre Energy Corp. Class A 7,500 4,452 Reitmans Canada, Ltd. Class A 700 2,566 Restaurant Brands International, Inc. 8,100 482,589 Richelieu Hardware, Ltd. 2,553 66,612 Ritchie Bros Auctioneers, Inc.(2345390) 5,162 145,741 Ritchie Bros Auctioneers, Inc.(767744105) 4,100 115,743 * RMP Energy, Inc. 7,100 3,417 Rogers Communications, Inc. Class B(2169051) 3,000 155,998 Rogers Communications, Inc. Class B(775109200) 12,677 659,204 Royal Bank of Canada(2754383) 31,679 2,363,316 Royal Bank of Canada(780087102) 15,119 1,127,273 # Russel Metals, Inc. 5,800 116,023 #* Sabina Gold & Silver Corp. 10,300 18,671 #* Sandstorm Gold, Ltd. 14,300 58,955 Sandvine Corp. 16,000 56,210 Saputo, Inc. 7,264 246,222 Savaria Corp. 1,300 15,536 Secure Energy Services, Inc. 27,095 204,720 * SEMAFO, Inc. 33,500 80,878 Shaw Communications, Inc. Class B(2801836) 24,250 539,948 Shaw Communications, Inc. Class B(82028K200) 7,734 172,236 ShawCor, Ltd. 7,300 163,595 * Sherritt International Corp. 15,914 10,977 # Sienna Senior Living, Inc. 1,738 23,963 * Sierra Wireless, Inc.(826516106) 995 29,353 * Sierra Wireless, Inc.(2418968) 1,500 44,167 * Silver Standard Resources, Inc. 4,994 48,548 Sleep Country Canada Holdings, Inc. 2,200 66,931 SNC-Lavalin Group, Inc. 10,949 482,221 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) #* Spartan Energy Corp. 2,667 $ 13,668 #* Spin Master Corp. 1,300 39,852 Sprott, Inc. 15,700 28,837 Stantec, Inc.(2854238) 8,658 220,278 Stantec, Inc.(85472N109) 2,509 63,980 Stella-Jones, Inc. 2,771 96,971 Stuart Olson, Inc. 1,000 4,267 # Student Transportation, Inc. 2,312 13,611 Sun Life Financial, Inc.(866796105) 4,997 191,535 Sun Life Financial, Inc.(2566124) 14,911 571,444 * SunOpta, Inc.(8676EP108) 3,796 36,062 #* SunOpta, Inc.(2817510) 5,100 48,679 Superior Plus Corp. 17,298 151,648 Tahoe Resources, Inc.(873868103) 1,089 5,957 Tahoe Resources, Inc.(B5B9KV1) 13,435 73,492 * Taseko Mines, Ltd. 5,100 7,609 TELUS Corp. 4,708 170,043 #* Tembec, Inc. 500 1,821 * Teranga Gold Corp. 4,340 11,105 TFI International, Inc. 6,457 151,798 #* Theratechnologies, Inc. 2,700 16,892 Thomson Reuters Corp. 1,829 83,767 TMX Group, Ltd. 1,626 86,207 * Torex Gold Resources, Inc. 8,000 145,851 Toromont Industries, Ltd. 8,100 300,741 Toronto-Dominion Bank (The)(2897222) 32,240 1,661,973 Toronto-Dominion Bank (The)(891160509) 10,509 541,634 Torstar Corp. Class B 1,400 1,639 Total Energy Services, Inc. 7,155 69,439 TransAlta Renewables, Inc. 11,200 131,337 Transcontinental, Inc. Class A 7,300 148,840 * TransGlobe Energy Corp. 3,755 5,120 #* Trevali Mining Corp. 15,000 15,520 * Trican Well Service, Ltd. 54,460 159,438 Tricon Capital Group, Inc. 2,900 24,424 * Trinidad Drilling, Ltd. 26,058 37,412 # Uni-Select, Inc. 4,519 105,477 Valener, Inc. 4,200 72,630 Veresen, Inc. 6,400 93,478 Wajax Corp. 1,800 33,856 West Fraser Timber Co., Ltd. 7,293 387,537 * Western Energy Services Corp. 3,100 3,581 Western Forest Products, Inc. 42,532 84,603 WestJet Airlines, Ltd. 1,100 21,925 Westshore Terminals Investment Corp. 8,853 167,580 Wheaton Precious Metals Corp.(962879102) 10,365 210,513 Wheaton Precious Metals Corp.(BF13KN5) 11,900 241,293 Winpak, Ltd. 3,011 129,279 WSP Global, Inc. 11,445 464,593 * Xtreme Drilling Corp. 500 802 Yamana Gold, Inc.(2219279) 73,972 192,829 Yamana Gold, Inc.(98462Y100) 1,399 3,637 #* Yellow Pages, Ltd. 2,947 15,459 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- CANADA -- (Continued) ZCL Composites, Inc. 2,300 $ 24,499 ----------- TOTAL CANADA 54,375,950 ----------- DENMARK -- (2.3%) ALK-Abello A.S. 328 51,697 # Alm Brand A.S. 7,943 79,627 Ambu A.S. Class B 2,290 149,113 * Bang & Olufsen A.S. 3,097 54,189 BankNordik P/F 744 15,039 #* Bavarian Nordic A.S. 1,738 113,771 Chr Hansen Holding A.S. 15,827 1,274,569 Coloplast A.S. Class B 3,965 340,628 Danske Bank A.S. 23,337 945,094 # FLSmidth & Co. A.S. 5,451 333,625 * Genmab A.S. 944 214,535 GN Store Nord A.S. 12,906 392,551 # H Lundbeck A.S. 2,698 161,777 IC Group A.S. 435 9,943 ISS A.S. 16,151 662,107 * Jeudan A.S. 126 14,084 Jyske Bank A.S. 6,702 420,057 Matas A.S. 4,256 65,681 * NKT A.S. 2,687 236,038 NNIT A.S. 351 11,228 Nordjyske Bank A.S. 1,141 21,805 Novo Nordisk A.S. Class B 92,515 3,934,609 Novo Nordisk A.S. Sponsored ADR 14,665 621,796 # Novozymes A.S. Class B 13,938 643,593 # Pandora A.S. 6,922 796,643 # Per Aarsleff Holding A.S. 2,674 66,698 Ringkjoebing Landbobank A.S. 1,770 93,187 Royal Unibrew A.S. 3,728 185,754 RTX A.S. 814 21,003 Schouw & Co. AB 1,372 150,657 SimCorp A.S. 3,615 226,039 Solar A.S. Class B 915 54,491 Spar Nord Bank A.S. 5,069 68,126 Sydbank A.S. 8,026 334,332 TDC A.S. 103,494 638,615 * TK Development A.S. 6,708 11,417 * Topdanmark A.S. 7,106 242,803 Tryg A.S. 13,908 313,379 United International Enterprises 187 39,408 Vestas Wind Systems A.S. 25,183 2,461,182 #* William Demant Holding A.S. 14,646 389,129 #* Zealand Pharma A.S. 1,645 32,739 ----------- TOTAL DENMARK 16,892,758 ----------- FINLAND -- (1.6%) Ahlstrom-Munksjo Oyj 1,090 22,490 Aktia Bank Oyj 1,151 12,534 Alma Media Oyj 1,118 8,574 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FINLAND -- (Continued) Amer Sports Oyj 13,291 $ 357,011 # Asiakastieto Group Oyj 569 14,752 Aspo Oyj 1,052 11,230 Atria Oyj 677 9,055 * BasWare Oyj 341 16,232 # Bittium Oyj 1,503 13,243 Cargotec Oyj Class B 5,502 335,911 #* Caverion Corp. 8,371 70,033 Cramo Oyj 4,669 133,944 Elisa Oyj 15,164 624,254 F-Secure Oyj 7,920 35,982 Fiskars Oyj Abp 2,051 51,524 HKScan Oyj Class A 1,428 5,103 Huhtamaki Oyj 12,318 477,332 Kemira Oyj 10,428 131,442 Kesko Oyj Class A 985 49,968 Kesko Oyj Class B 9,855 498,309 Kone Oyj Class B 20,430 1,064,144 Konecranes Oyj 4,256 189,886 Lassila & Tikanoja Oyj 2,236 50,958 Lemminkainen Oyj 586 17,566 # Metsa Board Oyj 15,946 112,796 Metso Oyj 13,407 426,527 Neste Oyj 19,027 824,897 # Nokia Oyj(5902941) 138,615 884,528 Nokia Oyj(5946455) 4,241 27,111 Nokia Oyj Sponsored ADR 20,507 131,040 Nokian Renkaat Oyj 4,795 195,513 Olvi Oyj Class A 1,161 40,826 Oriola Oyj Class B 15,012 64,389 Orion Oyj Class A 1,172 59,437 Orion Oyj Class B 10,131 512,028 Outokumpu Oyj 27,977 235,095 * Outotec Oyj 16,733 109,144 Ponsse Oy 919 26,663 * Poyry Oyj 706 4,041 Raisio Oyj Class V 7,663 32,094 Ramirent Oyj 11,559 115,220 Sampo Oyj Class A 26,116 1,428,325 Sanoma Oyj 10,217 94,902 SRV Group OYJ 3,096 16,523 * Stockmann Oyj Abp Class B 4,541 39,316 Technopolis Oyj 9,399 40,724 Teleste Oyj 1,086 10,344 Tieto Oyj 5,519 175,085 Tikkurila Oyj 1,578 33,655 UPM-Kymmene Oyj 21,261 578,790 Uponor Oyj 4,752 76,729 Vaisala Oyj Class A 466 22,411 Valmet Oyj 11,352 206,930 Wartsila Oyj Abp 17,177 1,141,552 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FINLAND -- (Continued) YIT Oyj 8,109 $ 68,862 ----------- TOTAL FINLAND 11,936,974 ----------- FRANCE -- (8.4%) ABC Arbitrage 2,990 21,674 Aeroports de Paris 1,538 260,283 Airbus SE 25,743 2,150,997 Akka Technologies 800 43,696 Albioma SA 2,882 67,720 Alstom SA 11,614 416,085 Altamir 1,314 26,149 Alten SA 4,727 408,096 Altran Technologies SA 22,562 396,717 Amundi SA 2,407 186,163 * Antalis International SAS 197 448 April SA 1,239 19,066 Arkema SA 4,543 517,154 Assystem 1,437 55,120 Atos SE 11,487 1,746,433 Aubay 396 14,393 AXA SA 60,959 1,800,331 # AXA SA Sponsored ADR 2,900 85,463 Axway Software SA 559 16,055 Bastide le Confort Medical 245 11,453 Beneteau SA 2,567 44,069 BioMerieux 447 98,498 BNP Paribas SA 35,662 2,763,650 Boiron SA 762 71,383 Bollore SA 36,754 170,525 Bonduelle SCA 1,054 40,500 Bouygues SA 12,419 532,454 Bureau Veritas SA 28,539 650,251 Capgemini SE 6,058 659,531 Carrefour SA 43,431 1,043,219 Casino Guichard Perrachon SA 4,859 296,356 * Cegedim SA 320 12,213 #* CGG SA 1,703 7,521 * CGG SA Sponsored ADR 174 827 Chargeurs SA 2,377 68,934 Christian Dior SE 2,934 835,468 Cie des Alpes 550 17,969 Cie Plastic Omnium SA 3,807 146,502 CNP Assurances 12,331 297,691 * Coface SA 9,682 91,550 Credit Agricole SA 51,008 895,310 Danone SA 19,320 1,441,662 Dassault Aviation SA 89 133,624 Dassault Systemes SE 8,093 793,904 Dassault Systemes SE Sponsored ADR 1,000 97,900 Derichebourg SA 9,552 83,684 Devoteam SA 548 49,731 # Edenred 30,961 813,898 Eiffage SA 9,058 877,409 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Elior Group 10,362 $ 275,038 Essilor International SA 5,338 675,826 * Esso SA Francaise 533 35,835 Euler Hermes Group 920 109,986 Eurofins Scientific SE 741 412,773 Europcar Groupe SA 1,710 24,898 Eutelsat Communications SA 32,540 880,670 # Exel Industries Class A 192 22,949 Faurecia 9,616 533,958 * Fnac Darty SA 1,456 137,989 Gaztransport Et Technigaz SA 327 15,586 GL Events 729 21,630 Groupe Crit 565 54,136 Groupe Eurotunnel SE 19,580 217,115 # Guerbet 573 51,567 Haulotte Group SA 1,070 18,836 Havas SA 9,578 104,904 Hermes International 1,172 593,635 * ID Logistics Group 200 32,307 Iliad SA 2,164 536,833 Imerys SA 1,802 156,205 Ingenico Group SA 7,426 778,952 Interparfums SA 618 24,562 Ipsen SA 3,249 415,855 IPSOS 2,927 101,084 Jacquet Metal Service 1,384 38,678 # JCDecaux SA 3,132 111,536 Kering 804 281,015 Korian SA 3,630 120,022 L'Oreal SA 12,920 2,676,769 Lagardere SCA 14,441 474,468 Le Noble Age 374 22,141 Lectra 2,106 60,569 Legrand SA 11,891 821,402 # Linedata Services 313 18,233 LISI 1,964 94,685 LVMH Moet Hennessy Louis Vuitton SE 12,388 3,111,723 Maisons France Confort SA 226 16,578 Manitou BF SA 582 20,410 Mersen SA 738 27,268 Metropole Television SA 8,229 199,103 MGI Coutier 1,450 58,322 Natixis SA 58,994 428,683 # Neopost SA 3,375 154,761 Nexans SA 2,304 131,983 Nexity SA 4,214 226,022 * NRJ Group 962 12,733 # Oeneo SA 3,099 34,547 * Onxeo SA 3,372 16,132 Orange SA 100,180 1,685,716 # Orange SA Sponsored ADR 5,900 99,415 Orpea 2,729 312,943 Pernod Ricard SA 2,808 389,593 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Peugeot SA 64,904 $1,396,132 Plastivaloire 798 20,524 Publicis Groupe SA 11,375 860,137 Rallye SA 2,863 60,845 # Remy Cointreau SA 1,575 181,174 Renault SA 10,976 988,849 Rexel SA 52,633 833,467 Rubis SCA 8,408 535,186 Safran SA 14,178 1,341,390 Samse SA 4 702 Sanofi 26,740 2,548,028 Sartorius Stedim Biotech 2,358 168,013 Savencia SA 419 41,673 Schneider Electric SE(4834108) 15,023 1,179,053 Schneider Electric SE(B11BPS1) 278 21,919 SCOR SE 22,775 960,555 SEB SA 1,533 272,727 #* Sequana SA 986 1,095 SES SA 43,700 1,028,006 * SFR Group SA 9,724 361,951 Societe BIC SA 2,044 239,753 Societe Generale SA 29,366 1,721,867 Sodexo SA 5,730 676,883 * SOITEC 1,407 89,338 #* Solocal Group 33,040 33,256 Somfy SA 360 34,114 Sopra Steria Group 2,124 367,314 SPIE SA 3,137 88,173 * Stallergenes Greer P.L.C. 162 6,885 * Ste Industrielle d'Aviation Latecoere SA 7,936 40,847 Stef SA 339 37,679 Suez 27,409 495,589 Sword Group 269 11,048 Synergie SA 1,254 59,418 Tarkett SA 2,686 111,205 Technicolor SA 28,227 102,617 Teleperformance 5,798 807,850 Television Francaise 1 17,258 252,513 Tessi SA 91 16,674 Thales SA 6,595 730,119 Thermador Groupe 126 13,873 Total Gabon 24 3,787 Trigano SA 1,235 162,405 * Ubisoft Entertainment SA 9,285 587,513 Union Financiere de France BQE SA 355 12,134 Valeo SA 8,615 596,490 #* Vallourec SA 44,192 261,422 #* Valneva SE 115 400 Vetoquinol SA 192 11,932 VIEL & Cie SA 300 2,071 Vilmorin & Cie SA 756 66,644 Vinci SA 19,223 1,721,350 * Virbac SA 170 30,342 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FRANCE -- (Continued) Vivendi SA 41,220 $ 952,744 * Worldline SA 4,754 193,209 Zodiac Aerospace 8,838 252,746 ----------- TOTAL FRANCE 62,751,938 ----------- GERMANY -- (6.9%) Aareal Bank AG 6,713 279,989 Adidas AG 7,418 1,694,228 * ADLER Real Estate AG 2,634 41,284 ADO Properties SA 330 14,896 #* ADVA Optical Networking SE 3,656 27,844 #* AIXTRON SE 8,041 71,555 Allgeier SE 500 13,395 Allianz SE 15,111 3,221,031 Allianz SE Sponsored ADR 10,000 213,500 Amadeus Fire AG 580 53,573 Atoss Software AG 148 13,420 Aurubis AG 5,308 472,534 # Axel Springer SE 4,716 299,461 BASF SE 35,121 3,343,517 Basler AG 36 6,800 Bauer AG 1,372 38,046 Bayerische Motoren Werke AG 17,004 1,562,318 BayWa AG 1,184 43,814 Bechtle AG 2,300 165,556 Beiersdorf AG 4,465 489,984 # Bertrandt AG 737 70,188 Bijou Brigitte AG 249 17,240 # Bilfinger SE 4,468 182,566 * Biotest AG 333 10,841 Borussia Dortmund GmbH & Co. KGaA 5,615 39,710 Brenntag AG 19,612 1,111,357 # CANCOM SE 1,080 71,026 Carl Zeiss Meditec AG 1,743 93,326 CENIT AG 504 14,014 CENTROTEC Sustainable AG 845 18,701 Cewe Stiftung & Co. KGAA 719 63,624 Comdirect Bank AG 2,270 28,630 * Commerzbank AG 44,144 577,412 CompuGroup Medical SE 3,401 202,609 * Constantin Medien AG 3,713 8,168 Continental AG 2,881 648,996 Covestro AG 6,871 532,834 CropEnergies AG 1,674 18,002 CTS Eventim AG & Co. KGaA 4,945 229,203 Daimler AG 40,980 2,871,254 Delticom AG 86 1,576 Deutsche Bank AG(5750355) 28,276 503,529 Deutsche Bank AG(D18190898) 30,192 538,625 Deutsche Beteiligungs AG 919 43,295 Deutsche Boerse AG 6,480 676,623 # Deutsche EuroShop AG 3,583 149,213 Deutsche Post AG 21,512 834,505 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- GERMANY -- (Continued) Deutsche Telekom AG 79,171 $1,446,354 Deutsche Telekom AG Sponsored ADR 6,013 109,737 Deutsche Wohnen AG 15,312 606,805 Deutz AG 8,957 66,495 * Dialog Semiconductor P.L.C. 9,794 426,794 DIC Asset AG 6,925 74,680 # Diebold Nixdorf AG 144 12,257 DMG Mori AG 2,478 146,343 Dr Hoenle AG 323 13,637 Draegerwerk AG & Co. KGaA 245 19,934 Drillisch AG 3,292 220,216 Duerr AG 2,994 364,779 Elmos Semiconductor AG 1,078 26,279 # ElringKlinger AG 1,506 26,271 Evonik Industries AG 4,149 141,305 * Evotec AG 6,271 90,364 # Fielmann AG 1,506 120,953 Fraport AG Frankfurt Airport Services Worldwide 2,178 218,103 Freenet AG 11,211 378,426 Fresenius Medical Care AG & Co. KGaA 6,972 657,463 Fresenius Medical Care AG & Co. KGaA ADR 6,891 324,428 Fresenius SE & Co. KGaA 15,083 1,273,076 Fuchs Petrolub SE 3,256 171,274 # GEA Group AG 12,096 491,595 # Gerry Weber International AG 3,580 45,678 Gesco AG 633 20,066 # GFT Technologies SE 1,964 36,508 Grammer AG 1,340 76,134 * H&R GmbH & Co. KGaA 97 1,319 Hamburger Hafen und Logistik AG 2,202 61,585 Hannover Rueck SE 2,037 257,107 * Hapag-Lloyd AG 464 18,347 #* Heidelberger Druckmaschinen AG 33,453 113,908 Hella KGaA Hueck & Co. 2,600 137,481 Henkel AG & Co. KGaA 1,607 202,175 Hochtief AG 983 175,459 Hornbach Baumarkt AG 1,036 38,512 Hugo Boss AG 6,754 509,443 Indus Holding AG 2,258 169,001 Isra Vision AG 197 36,076 Jenoptik AG 4,264 117,482 # K+S AG 20,303 527,942 KION Group AG 7,656 664,336 # Koenig & Bauer AG 1,638 128,318 * Kontron AG 4,419 18,198 Krones AG 1,520 189,116 KWS Saat SE 254 103,181 Lanxess AG 5,186 399,913 LEG Immobilien AG 5,582 536,739 Leifheit AG 566 22,416 Leoni AG 3,481 205,896 #* LPKF Laser & Electronics AG 1,858 20,233 MAN SE 1,002 110,961 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- GERMANY -- (Continued) #* Manz AG 207 $ 8,213 Merck KGaA 3,946 433,001 Metro AG 16,499 185,406 * Metro Wholesale & Food Specialist AG 16,499 333,305 MLP AG 7,307 53,524 MTU Aero Engines AG 4,890 716,648 Muenchener Rueckversicherungs-Gesellschaft AG 5,555 1,193,211 Nemetschek SE 1,469 113,994 Nexus AG 130 4,000 #* Nordex SE 6,250 85,339 Norma Group SE 4,205 255,006 OHB SE 453 16,234 OSRAM Licht AG 4,737 394,780 # paragon AG 163 11,839 * Patrizia Immobilien AG 3,387 61,182 Pfeiffer Vacuum Technology AG 466 79,025 PNE Wind AG 7,350 23,024 # ProSiebenSat.1 Media SE 32,984 1,317,844 Puma SE 147 58,932 QIAGEN NV(BYXS699) 11,715 388,572 QIAGEN NV(N72482123) 2,224 73,042 # QSC AG 4,612 10,138 R Stahl AG 392 14,848 Rational AG 307 192,777 Rheinmetall AG 4,174 416,523 # RHOEN-KLINIKUM AG 1,110 34,931 # RIB Software SE 2,262 40,410 RTL Group SA 2,407 187,255 # S&T AG 3,057 53,439 SAF-Holland SA 3,010 53,184 Salzgitter AG 1,710 76,719 SAP SE 8,509 900,977 # SAP SE Sponsored ADR 13,319 1,409,816 * Schaltbau Holding AG 344 15,077 # Secunet Security Networks AG 212 25,103 SHW AG 515 21,690 Siemens AG 15,028 2,039,323 Siemens AG Sponsored ADR 5,574 378,029 * Siltronic AG 854 92,866 # Sixt Leasing SE 1,855 43,945 # Sixt SE 2,007 141,870 # SMA Solar Technology AG 500 18,133 Software AG 3,924 171,569 Stabilus SA 880 73,175 # Stada Arzneimittel AG 6,073 472,840 # Stroeer SE & Co. KGaA 4,191 270,196 #* Suess MicroTec AG 1,680 24,283 Symrise AG 15,114 1,058,218 TAG Immobilien AG 12,994 213,217 Takkt AG 3,790 93,062 * Talanx AG 4,504 185,732 * Tele Columbus AG 755 8,665 # Telefonica Deutschland Holding AG 24,812 128,173 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) ThyssenKrupp AG 5,155 $ 153,111 TLG Immobilien AG 6,812 147,743 Uniper SE 10,469 215,755 United Internet AG 11,451 697,137 VERBIO Vereinigte BioEnergie AG 3,351 38,116 Vonovia SE 17,553 711,341 * Vossloh AG 778 51,745 VTG AG 871 43,666 Wacker Chemie AG 1,909 236,915 Wacker Neuson SE 2,754 73,933 Washtec AG 816 65,478 Wirecard AG 3,938 301,370 XING AG 262 76,996 * Zalando SE 2,643 118,294 Zeal Network SE 920 25,358 ----------- TOTAL GERMANY 51,624,172 ----------- HONG KONG -- (2.1%) AIA Group, Ltd. 370,400 2,913,383 Allied Properties HK, Ltd. 150,000 32,803 APT Satellite Holdings, Ltd. 29,250 14,429 Asia Satellite Telecommunications Holdings, Ltd. 3,000 3,069 Asia Standard International Group, Ltd. 80,000 23,222 Asian Growth Properties, Ltd. 12,680 4,597 ASM Pacific Technology, Ltd. 18,500 239,089 # Associated International Hotels, Ltd. 4,000 12,289 # Bank of East Asia, Ltd. (The) 38,594 165,092 BOC Hong Kong Holdings, Ltd. 139,000 683,390 # Bright Smart Securities & Commodities Group, Ltd. 72,000 21,253 * Brightoil Petroleum Holdings, Ltd. 229,000 59,505 Century City International Holdings, Ltd. 232,000 21,943 Cheung Kong Property Holdings, Ltd. 73,500 594,381 #* China LNG Group, Ltd. 1,140,000 18,242 China Motor Bus Co., Ltd. 1,000 13,116 * China Strategic Holdings, Ltd. 665,000 8,934 # Chinese Estates Holdings, Ltd. 17,000 28,584 Chow Sang Sang Holdings International, Ltd. 24,000 56,043 Chow Tai Fook Jewellery Group, Ltd. 54,000 56,105 Chuang's Consortium International, Ltd. 92,000 21,419 CITIC Telecom International Holdings, Ltd. 159,000 48,407 # CK Hutchison Holdings, Ltd. 41,204 542,208 CK Life Sciences Intl Holdings, Inc. 286,000 23,399 CNQC International Holdings, Ltd. 37,500 11,906 # Convenience Retail Asia, Ltd. 66,000 32,844 #* Convoy Global Holdings, Ltd. 528,000 11,957 # Cross-Harbour Holdings, Ltd. (The) 9,000 13,665 # CSI Properties, Ltd. 600,000 31,867 CW Group Holdings, Ltd. 85,500 14,333 Dah Sing Banking Group, Ltd. 33,200 71,101 # Dah Sing Financial Holdings, Ltd. 13,600 96,232 Dickson Concepts International, Ltd. 6,500 2,454 Emperor International Holdings, Ltd. 106,000 40,962 * Emperor Watch & Jewellery, Ltd. 150,000 6,530 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) * Esprit Holdings, Ltd. 124,300 $ 61,246 # Fairwood Holdings, Ltd. 4,500 18,608 Far East Consortium International, Ltd. 64,000 35,286 FIH Mobile, Ltd. 134,000 44,773 * First Shanghai Investments, Ltd. 112,000 15,164 * Freeman FinTech Corp., Ltd. 240,000 15,351 Galaxy Entertainment Group, Ltd. 20,000 123,482 Genting Hong Kong, Ltd. 96,000 27,788 Giordano International, Ltd. 130,000 72,341 * Global Brands Group Holding, Ltd. 509,360 48,201 Glorious Sun Enterprises, Ltd. 21,000 2,448 # Great Eagle Holdings, Ltd. 6,000 32,903 # Guotai Junan International Holdings, Ltd. 152,000 46,795 Haitong International Securities Group, Ltd. 135,604 78,151 Hang Lung Group, Ltd. 33,000 125,350 Hang Lung Properties, Ltd. 5,000 12,435 Hang Seng Bank, Ltd. 23,800 517,426 Hanison Construction Holdings, Ltd. 17,806 3,483 Harbour Centre Development, Ltd. 2,000 3,740 Henderson Land Development Co., Ltd. 44,000 254,308 # HKBN, Ltd. 106,500 105,271 * HKR International, Ltd. 48,800 27,098 HKT Trust & HKT, Ltd. 314,000 411,328 Hon Kwok Land Investment Co., Ltd. 26,000 16,062 Hong Kong Aircraft Engineering Co., Ltd. 2,800 19,528 # Hong Kong Exchanges & Clearing, Ltd. 23,194 660,756 # Hongkong & Shanghai Hotels, Ltd. (The) 38,500 68,437 Hongkong Chinese, Ltd. 58,000 10,618 * Hsin Chong Group Holdings, Ltd. 110,000 3,697 Hutchison Telecommunications Hong Kong Holdings, Ltd. 132,000 50,651 Hysan Development Co., Ltd. 27,000 130,565 IGG, Inc. 52,000 87,478 ITC Properties Group, Ltd. 12,000 4,682 Johnson Electric Holdings, Ltd. 40,000 142,136 Karrie International Holdings, Ltd. 74,000 11,733 Kerry Logistics Network, Ltd. 32,000 46,016 Kerry Properties, Ltd. 47,500 166,452 # Kingston Financial Group, Ltd. 380,000 132,227 Kowloon Development Co., Ltd. 33,000 36,352 L'Occitane International SA 20,500 47,390 Lai Sun Development Co., Ltd. 1,530,000 56,726 Lai Sun Garment International, Ltd. 30,000 13,212 # Li & Fung, Ltd. 1,061,360 388,252 Lifestyle International Holdings, Ltd. 28,500 38,788 Liu Chong Hing Investment, Ltd. 14,000 23,146 Luk Fook Holdings International, Ltd. 37,000 135,848 Man Wah Holdings, Ltd. 114,800 99,095 # Master Glory Group, Ltd. 260,000 3,554 Melco International Development, Ltd. 65,000 153,595 Melco Resorts & Entertainment, Ltd. ADR 1,858 37,532 # MGM China Holdings, Ltd. 40,800 80,276 Microport Scientific Corp. 27,000 21,279 #* Midland Holdings, Ltd. 18,000 4,787 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- HONG KONG -- (Continued) * Midland IC&I, Ltd. 9,000 $ 455 Modern Dental Group, Ltd. 3,000 1,151 MTR Corp., Ltd. 18,000 103,942 NagaCorp, Ltd. 66,000 40,230 New World Development Co., Ltd. 25,759 34,786 * Newocean Energy Holdings, Ltd. 164,000 48,475 # NWS Holdings, Ltd. 72,242 138,204 * O Luxe Holdings, Ltd. 180,000 33,389 Pacific Textiles Holdings, Ltd. 61,000 68,985 Paliburg Holdings, Ltd. 52,000 22,220 PCCW, Ltd. 465,000 261,506 Pico Far East Holdings, Ltd. 70,000 28,853 Playmates Toys, Ltd. 56,000 9,530 Power Assets Holdings, Ltd. 54,500 539,810 Prada SpA 12,300 43,908 Public Financial Holdings, Ltd. 50,000 23,226 Regal Hotels International Holdings, Ltd. 12,000 9,399 # Regina Miracle International Holdings, Ltd. 18,000 15,852 SA SA International Holdings, Ltd. 105,000 38,568 Samsonite International SA 90,600 379,409 # SEA Holdings, Ltd. 10,000 11,776 Shenwan Hongyuan HK, Ltd. 20,000 7,537 * Singamas Container Holdings, Ltd. 96,000 13,752 Sino Land Co., Ltd. 50,000 82,464 Sitoy Group Holdings, Ltd. 15,000 3,282 SJM Holdings, Ltd. 105,000 104,972 SmarTone Telecommunications Holdings, Ltd. 30,500 40,055 Soundwill Holdings, Ltd. 4,500 11,280 Stella International Holdings, Ltd. 24,000 41,135 #* Summit Ascent Holdings, Ltd. 60,000 13,578 Sun Hung Kai & Co., Ltd. 50,000 33,019 Sun Hung Kai Properties, Ltd. 42,207 653,037 Swire Properties, Ltd. 21,200 73,235 Techtronic Industries Co., Ltd. 79,500 353,242 Television Broadcasts, Ltd. 36,600 133,977 # Texwinca Holdings, Ltd. 78,000 47,320 * Tom Group, Ltd. 98,000 24,104 Transport International Holdings, Ltd. 16,400 55,309 * Trinity, Ltd. 12,000 691 #* United Laboratories International Holdings, Ltd. (The) 34,000 21,310 # Value Partners Group, Ltd. 24,000 22,299 Varitronix International, Ltd. 23,000 12,281 Victory City International Holdings, Ltd. 41,042 1,391 # Vitasoy International Holdings, Ltd. 62,000 132,491 VST Holdings, Ltd. 74,400 19,748 VTech Holdings, Ltd. 13,000 188,036 Wharf Holdings, Ltd. (The) 38,000 322,986 Wheelock & Co., Ltd. 73,000 550,091 Wynn Macau, Ltd. 53,200 114,944 ----------- TOTAL HONG KONG 15,643,839 ----------- IRELAND -- (0.5%) * Bank of Ireland Group P.L.C. 66,686 556,547 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- IRELAND -- (Continued) C&C Group P.L.C.(B010DT8) 1,711 $ 6,153 C&C Group P.L.C.(B011Y09) 25,914 93,862 CRH P.L.C. Sponsored ADR 12,856 450,860 * FBD Holdings P.L.C. 1,875 18,758 Glanbia P.L.C. 9,016 186,643 * Kenmare Resources P.L.C. 5 16 Kerry Group P.L.C. Class A 4,912 444,598 Kingspan Group P.L.C. 15,147 504,529 Paddy Power Betfair P.L.C.(BWT6H89) 4,778 478,718 Paddy Power Betfair P.L.C.(BWXC0Z1) 284 28,386 Smurfit Kappa Group P.L.C. 28,172 837,864 ---------- TOTAL IRELAND 3,606,934 ---------- ISRAEL -- (0.5%) * ADO Group, Ltd. 1,114 15,657 * Africa Israel Properties, Ltd. 860 17,125 * Airport City, Ltd. 4,954 65,451 Alrov Properties and Lodgings, Ltd. 593 17,057 Amot Investments, Ltd. 10,828 57,474 Azrieli Group, Ltd. 1,141 62,348 Bank Hapoalim BM 1,782 12,344 Bank Leumi Le-Israel BM 84,829 407,531 Bayside Land Corp. 67 28,845 Bezeq The Israeli Telecommunication Corp., Ltd. 105,082 156,009 Big Shopping Centers, Ltd. 450 31,525 Blue Square Real Estate, Ltd. 276 12,622 * Brack Capital Properties NV 237 23,625 * Cellcom Israel, Ltd. 7,235 67,169 * Ceragon Networks, Ltd. 1,170 2,717 * Clal Insurance Enterprises Holdings, Ltd. 2,798 45,303 * Compugen, Ltd. 1,357 5,344 Delek Automotive Systems, Ltd. 4,240 35,057 Delek Group, Ltd. 407 83,348 Delta-Galil Industries, Ltd. 572 15,841 Direct Insurance Financial Investments, Ltd. 1,839 19,718 Elbit Systems, Ltd.(6308913) 747 94,320 Elbit Systems, Ltd.(M3760D101) 447 56,331 Electra Consumer Products 1970, Ltd. 508 9,962 Electra, Ltd. 155 30,651 * Evogene, Ltd. 1,229 6,011 First International Bank Of Israel, Ltd. 5,867 107,083 FMS Enterprises Migun, Ltd. 305 11,325 Formula Systems 1985, Ltd. 947 34,738 Fox Wizel, Ltd. 800 16,596 Frutarom Industries, Ltd. 3,334 236,389 Harel Insurance Investments & Financial Services, Ltd. 13,569 80,688 IDI Insurance Co., Ltd. 731 41,684 Inrom Construction Industries, Ltd. 3,619 16,718 Israel Chemicals, Ltd. 34,718 165,441 * Jerusalem Oil Exploration 1,349 71,578 Kerur Holdings, Ltd. 342 9,662 Matrix IT, Ltd. 3,710 38,129 Maytronics, Ltd. 5,335 19,065 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ISRAEL -- (Continued) Melisron, Ltd. 2,595 $ 132,285 Menora Mivtachim Holdings, Ltd. 3,350 40,608 Migdal Insurance & Financial Holding, Ltd. 44,498 45,646 Mivtach Shamir Holdings, Ltd. 525 10,888 Mizrahi Tefahot Bank, Ltd. 1,716 31,008 Neto ME Holdings, Ltd. 139 13,584 Nice, Ltd. 1,194 88,998 # NIice, Ltd. Sponsored ADR 1,749 130,580 * Nova Measuring Instruments, Ltd. 1,928 45,381 Oil Refineries, Ltd. 179,067 83,265 * Partner Communications Co., Ltd. 6,269 31,767 Paz Oil Co., Ltd. 566 94,495 * Phoenix Holdings, Ltd. (The) 8,529 36,281 Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. 546 25,999 Shapir Engineering and Industry, Ltd. 9,380 31,329 Shikun & Binui, Ltd. 24,323 55,930 Shufersal, Ltd. 8,890 48,303 Teva Pharmaceutical Industries, Ltd. Sponsored ADR 12,456 400,710 * Union Bank of Israel 2,519 12,956 ---------- TOTAL ISRAEL 3,588,494 ---------- ITALY -- (2.9%) ACEA SpA 6,802 102,108 Amplifon SpA 7,609 109,066 Anima Holding SpA 19,371 157,206 * Ansaldo STS SpA 12,460 171,000 * Arnoldo Mondadori Editore SpA 17,537 36,531 Ascopiave SpA 6,766 27,726 Assicurazioni Generali SpA 121,247 2,199,203 Astaldi SpA 6,533 43,395 Atlantia SpA 24,126 733,897 Autogrill SpA 9,351 111,026 # Azimut Holding SpA 9,854 220,782 Banca Generali SpA 5,761 204,364 Banca IFIS SpA 2,027 95,128 Banca Mediolanum SpA 13,275 116,074 #* Banca Monte dei Paschi di Siena SpA 519 6,948 Banca Popolare di Sondrio SCPA 39,230 171,186 * Banco BPM SpA 55,038 200,460 Banco di Desio e della Brianza SpA 2,917 8,598 BasicNet SpA 3,053 14,273 Biesse SpA 1,067 40,662 BPER Banca 53,924 296,233 Brunello Cucinelli SpA 2,647 77,757 # Cairo Communication SpA 5,035 23,448 CIR-Compagnie Industriali Riunite SpA 32,447 48,288 CNH Industrial NV 117,575 1,361,923 Credito Emiliano SpA 7,937 68,462 * Credito Valtellinese SpA 7,609 36,885 Danieli & C Officine Meccaniche SpA 1,273 32,791 Datalogic SpA 592 18,177 Davide Campari-Milano SpA 42,820 316,541 De' Longhi SpA 4,772 156,941 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) DeA Capital SpA 7,283 $ 10,818 DiaSorin SpA 1,707 148,881 Ei Towers SpA 1,764 107,915 Esprinet SpA 1,834 14,166 Falck Renewables SpA 13,913 20,889 Ferrari NV 6,840 719,728 * Fiat Chrysler Automobiles NV(BRJFWP3) 96,269 1,160,846 * Fiat Chrysler Automobiles NV(N31738102) 9,341 112,933 Fila SpA 481 10,617 * Fincantieri SpA 46,819 55,318 FinecoBank Banca Fineco SpA 34,671 303,868 * GEDI Gruppo Editoriale SpA 18,803 17,453 # Geox SpA 8,302 32,947 Gruppo MutuiOnline SpA 1,542 24,642 Hera SpA 73,067 236,269 * IMMSI SpA 13,995 7,586 Industria Macchine Automatiche SpA 2,142 212,318 Infrastrutture Wireless Italiane SpA 7,680 49,594 #* Intek Group SpA 9,436 3,330 Interpump Group SpA 6,736 204,951 Intesa Sanpaolo SpA 292,180 1,005,809 Iren SpA 31,697 80,661 Italmobiliare SpA 140 3,977 * Juventus Football Club SpA 34,846 24,503 Leonardo SpA 40,149 699,650 Luxottica Group SpA 9,603 554,373 # Maire Tecnimont SpA 11,666 65,449 MARR SpA 3,444 88,306 * Mediaset SpA 106,584 416,643 Mediobanca SpA 63,773 665,383 Moncler SpA 20,125 540,443 OVS SpA 18,316 138,552 Parmalat SpA 19,985 72,423 # Piaggio & C SpA 7,738 21,482 # Poste Italiane SpA 29,995 220,800 Prima Industrie SpA 214 6,669 Prysmian SpA 10,349 331,022 RAI Way SpA 3,289 18,100 Recordati SpA 7,643 326,246 Reply SpA 471 99,579 #* Retelit SpA 14,510 22,276 * Safilo Group SpA 3,485 26,720 #* Saipem SpA 80,745 331,309 # Salini Impregilo SpA 12,528 44,007 # Salvatore Ferragamo SpA 5,252 152,236 Saras SpA 13,595 31,281 Sesa SpA 840 24,512 Snam SpA 113,284 535,977 Societa Cattolica di Assicurazioni SCRL 14,690 127,031 Societa Iniziative Autostradali e Servizi SpA 7,667 105,497 #* Sogefi SpA 5,901 29,932 SOL SpA 1,421 17,247 Tamburi Investment Partners SpA 4,427 29,713 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- ITALY -- (Continued) * Telecom Italia SpA 1,378,722 $ 1,418,443 * Telecom Italia SpA Sponsored ADR 6,420 66,768 # Tenaris SA 2,854 45,157 Terna Rete Elettrica Nazionale SpA 51,962 296,846 #* Tiscali SpA 417,308 19,984 # Tod's SpA 1,324 91,982 #* Trevi Finanziaria Industriale SpA 22,039 18,763 * UniCredit SpA 39,587 778,033 Unione di Banche Italiane SpA 128,443 620,518 Unipol Gruppo Finanziario SpA 65,342 305,909 UnipolSai Assicurazioni SpA 151,675 350,639 Vittoria Assicurazioni SpA 3,164 44,343 #* Yoox Net-A-Porter Group SpA 3,341 110,662 ----------- TOTAL ITALY 21,688,003 ----------- JAPAN -- (22.3%) 77 Bank, Ltd. (The) 20,000 103,112 ABC-Mart, Inc. 1,800 102,638 * Access Co., Ltd. 2,700 21,551 Achilles Corp. 2,600 45,802 #* Acom Co., Ltd. 10,100 43,012 Adastria Co., Ltd. 3,300 82,437 ADEKA Corp. 11,500 176,539 Advan Co., Ltd. 2,000 18,085 # Advantest Corp. 6,700 122,613 Aeon Co., Ltd. 45,799 690,099 Aeon Delight Co., Ltd. 1,800 60,131 Aeon Fantasy Co., Ltd. 500 15,399 AEON Financial Service Co., Ltd. 8,500 185,004 Aeon Hokkaido Corp. 2,000 11,228 Ahresty Corp. 1,800 18,326 # Ai Holdings Corp. 2,100 57,859 Aica Kogyo Co., Ltd. 4,400 141,198 Aichi Bank, Ltd. (The) 600 33,378 Aichi Corp. 3,800 26,932 Aichi Steel Corp. 1,600 66,962 Aida Engineering, Ltd. 8,900 90,019 Ain Holdings, Inc. 2,200 158,558 Aiphone Co., Ltd. 1,300 22,952 Air Water, Inc. 18,400 356,245 Aisan Industry Co., Ltd. 1,700 15,184 Aisin Seiki Co., Ltd. 6,000 311,934 Aizawa Securities Co., Ltd. 3,900 25,120 * Akatsuki, Inc. 400 35,991 * Akebono Brake Industry Co., Ltd. 12,700 42,007 Akita Bank, Ltd. (The) 10,000 28,896 Albis Co., Ltd. 400 16,700 Alfresa Holdings Corp. 20,300 373,604 Alpen Co., Ltd. 1,500 27,416 Alpha Corp. 800 17,769 Alpine Electronics, Inc. 4,300 78,398 # Alps Electric Co., Ltd. 11,700 318,161 Altech Corp. 500 16,676 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Amada Holdings Co., Ltd. 12,300 $ 140,480 Amano Corp. 5,200 118,343 Amiyaki Tei Co., Ltd. 400 15,272 Amuse, Inc. 1,000 27,518 Anest Iwata Corp. 2,900 27,016 Anicom Holdings, Inc. 1,700 43,033 Anritsu Corp. 5,800 46,730 AOKI Holdings, Inc. 3,500 45,304 Aoyama Trading Co., Ltd. 5,100 177,772 Aozora Bank, Ltd. 52,000 199,839 Arakawa Chemical Industries, Ltd. 1,400 24,597 # Arata Corp. 500 17,679 Arcland Sakamoto Co., Ltd. 1,800 24,640 Arcland Service Holdings Co., Ltd. 1,000 17,399 Arcs Co., Ltd. 3,323 71,862 # Ardepro Co., Ltd. 20,200 25,983 Ariake Japan Co., Ltd. 700 50,184 Arisawa Manufacturing Co., Ltd. 1,400 11,919 Artnature, Inc. 2,500 16,114 Asahi Co., Ltd. 2,300 27,659 Asahi Diamond Industrial Co., Ltd. 6,200 46,890 Asahi Group Holdings, Ltd. 11,800 480,983 Asahi Holdings, Inc. 4,200 78,927 Asahi Intecc Co., Ltd. 4,500 202,074 Asahi Kasei Corp. 57,000 650,936 Asahi Yukizai Corp. 4,000 9,530 Asanuma Corp. 9,000 27,568 Asatsu-DK, Inc. 3,500 89,716 Asics Corp. 11,300 205,407 ASKA Pharmaceutical Co., Ltd. 2,500 37,418 # ASKUL Corp. 2,400 73,549 Astellas Pharma, Inc. 80,200 1,021,389 # Asukanet Co., Ltd. 700 10,296 # Ateam, Inc. 1,200 30,749 # Atom Corp. 4,400 31,447 Atsugi Co., Ltd. 18,000 20,087 Autobacs Seven Co., Ltd. 7,600 126,631 Avex Group Holdings, Inc. 3,800 49,970 Awa Bank, Ltd. (The) 9,000 59,109 Axial Retailing, Inc. 1,400 54,899 Azbil Corp. 5,700 225,160 Bandai Namco Holdings, Inc. 9,200 319,823 Bando Chemical Industries, Ltd. 3,500 35,811 Bank of Iwate, Ltd. (The) 900 35,032 Bank of Kyoto, Ltd. (The) 15,000 143,777 # Bank of Nagoya, Ltd. (The) 900 33,108 Bank of Okinawa, Ltd. (The) 1,980 78,175 Bank of Saga, Ltd. (The) 8,000 18,922 Bank of the Ryukyus, Ltd. 1,800 25,693 Belc Co., Ltd. 1,000 45,423 Bell System24 Holdings, Inc. 3,600 40,426 Belluna Co., Ltd. 4,600 52,897 Benefit One, Inc. 1,500 60,914 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Benesse Holdings, Inc. 6,600 $252,594 # Bic Camera, Inc. 11,900 138,115 BML, Inc. 2,500 51,432 Broadleaf Co., Ltd. 1,800 12,094 # BRONCO BILLY Co., Ltd. 1,000 24,613 Brother Industries, Ltd. 19,300 492,429 Bunka Shutter Co., Ltd. 8,700 74,849 C Uyemura & Co., Ltd. 400 22,949 Can Do Co., Ltd. 1,000 15,475 Canon Electronics, Inc. 700 13,630 Canon Marketing Japan, Inc. 4,900 108,234 Canon, Inc. Sponsored ADR 14,250 497,752 Capcom Co., Ltd. 4,300 106,512 Casio Computer Co., Ltd. 21,200 347,265 Cawachi, Ltd. 2,000 49,362 Central Japan Railway Co. 2,255 362,890 Central Sports Co., Ltd. 500 21,225 Chiba Bank, Ltd. (The) 13,000 93,268 Chiba Kogyo Bank, Ltd. (The) 3,300 17,018 Chiyoda Co., Ltd. 1,200 31,266 # Chiyoda Corp. 19,000 114,117 Chiyoda Integre Co., Ltd. 500 10,738 Chofu Seisakusho Co., Ltd. 2,100 51,363 Chubu Shiryo Co., Ltd. 1,900 27,405 Chudenko Corp. 3,200 85,623 Chuetsu Pulp & Paper Co., Ltd. 8,000 16,681 Chugai Pharmaceutical Co., Ltd. 2,100 84,219 Chugoku Bank, Ltd. (The) 7,200 104,365 Chugoku Marine Paints, Ltd. 11,400 88,578 Chukyo Bank, Ltd. (The) 800 16,840 Chuo Spring Co., Ltd. 1,000 3,307 CI Takiron Corp. 7,000 38,126 Ci:z Holdings Co., Ltd. 3,400 122,268 Citizen Watch Co., Ltd. 15,800 117,476 CKD Corp. 5,100 85,447 Clarion Co., Ltd. 7,000 26,491 Cleanup Corp. 1,700 13,687 CMIC Holdings Co., Ltd. 1,200 16,667 CMK Corp. 2,600 23,244 Coca-Cola Bottlers Japan, Inc. 7,300 220,182 Cocokara fine, Inc. 1,800 94,062 # COLOPL, Inc. 6,500 72,897 # Colowide Co., Ltd. 4,200 72,923 Computer Engineering & Consulting, Ltd. 1,300 25,215 COMSYS Holdings Corp. 12,500 256,082 Comture Corp. 300 13,742 Concordia Financial Group, Ltd. 23,410 118,049 CONEXIO Corp. 1,900 31,293 # COOKPAD, Inc. 5,300 45,390 Corona Corp. 1,900 19,931 Cosmo Energy Holdings Co., Ltd. 11,300 195,799 Cosmos Pharmaceutical Corp. 700 149,026 # Create Restaurants Holdings, Inc. 900 9,198 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Create SD Holdings Co., Ltd. 1,600 $ 40,484 Credit Saison Co., Ltd. 7,200 138,683 Cresco, Ltd. 400 13,097 # CROOZ, Inc. 1,200 31,236 CyberAgent, Inc. 12,400 382,975 #* CYBERDYNE, Inc. 3,100 42,181 D.A. Consortium Holdings, Inc. 1,300 16,955 Dai Nippon Printing Co., Ltd. 13,000 143,392 Dai-Dan Co., Ltd. 1,000 13,688 Dai-ichi Life Holdings, Inc. 44,700 772,147 Dai-ichi Seiko Co., Ltd. 1,300 29,016 Daibiru Corp. 4,400 49,583 Daicel Corp. 27,300 354,848 Daido Metal Co., Ltd. 3,000 26,889 Daido Steel Co., Ltd. 32,000 194,742 Daidoh, Ltd. 500 2,005 Daifuku Co., Ltd. 10,800 372,988 Daihen Corp. 6,000 53,489 Daiho Corp. 8,000 38,661 Daiichi Jitsugyo Co., Ltd. 6,000 34,815 Daiichi Sankyo Co., Ltd. 10,200 222,452 Daiichikosho Co., Ltd. 4,100 197,466 Daiken Corp. 1,400 34,300 Daikin Industries, Ltd. 6,900 730,526 Daikokutenbussan Co., Ltd. 400 19,836 Daikyo, Inc. 22,000 46,081 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 12,000 100,305 # Daio Paper Corp. 6,800 88,299 Daisan Bank, Ltd. (The) 1,300 20,215 Daiseki Co., Ltd. 1,600 38,000 Daito Pharmaceutical Co., Ltd. 500 13,341 Daito Trust Construction Co., Ltd. 5,800 980,335 Daiwa House Industry Co., Ltd. 25,600 892,963 Daiwa Industries, Ltd. 3,000 34,214 Daiwa Securities Group, Inc. 67,000 385,873 Daiwabo Holdings Co., Ltd. 16,000 62,966 DCM Holdings Co., Ltd. 10,000 87,084 Dena Co., Ltd. 11,200 246,054 Denka Co., Ltd. 16,000 88,858 Denki Kogyo Co., Ltd. 3,000 15,409 Denso Corp. 6,700 321,770 Dentsu, Inc. 7,900 369,386 Denyo Co., Ltd. 2,000 35,166 Descente, Ltd. 4,100 59,571 Dexerials Corp. 1,900 22,962 DIC Corp. 13,900 524,286 Digital Arts, Inc. 800 27,286 Dip Corp. 2,500 52,739 Disco Corp. 600 106,340 DKS Co., Ltd. 8,000 38,648 DMG Mori Co., Ltd. 13,200 218,970 Don Quijote Holdings Co., Ltd. 6,000 217,913 Doshisha Co., Ltd. 1,400 28,204 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Doutor Nichires Holdings Co., Ltd. 1,900 $ 41,992 Dowa Holdings Co., Ltd. 32,000 258,347 * Drecom Co., Ltd. 1,100 14,560 DTS Corp. 1,600 48,843 Dunlop Sports Co., Ltd. 2,300 23,463 Duskin Co., Ltd. 4,400 119,446 # DyDo Group Holdings, Inc. 800 39,677 Eagle Industry Co., Ltd. 2,700 46,991 Earth Chemical Co., Ltd. 700 38,833 East Japan Railway Co. 5,000 468,911 Ebara Corp. 12,300 359,824 # EDION Corp. 7,400 68,180 EF-ON, Inc. 1,500 13,549 # eGuarantee, Inc. 700 16,465 # Ehime Bank, Ltd. (The) 3,299 41,688 Eighteenth Bank, Ltd. (The) 11,000 29,278 Eiken Chemical Co., Ltd. 1,100 36,420 # Eisai Co., Ltd. 5,200 278,676 Eizo Corp. 1,000 40,094 Elecom Co., Ltd. 1,000 21,579 Elematec Corp. 2,200 39,909 EM Systems Co., Ltd. 1,000 23,148 en-japan, Inc. 3,000 86,019 * Enigmo, Inc. 1,100 16,491 EPS Holdings, Inc. 2,700 44,281 # eRex Co., Ltd. 5,700 50,191 ES-Con Japan, Ltd. 3,600 17,300 Exedy Corp. 3,300 103,280 Ezaki Glico Co., Ltd. 1,500 78,871 F@N Communications, Inc. 5,100 46,698 Falco Holdings Co., Ltd. 200 2,799 Fancl Corp. 1,500 32,283 FANUC Corp. 2,200 449,800 Fast Retailing Co., Ltd. 2,400 720,117 FCC Co., Ltd. 3,200 69,977 Feed One Co., Ltd. 5,800 12,732 Ferrotec Holdings Corp. 3,900 57,872 * FFRI, Inc. 400 18,004 FIDEA Holdings Co., Ltd. 16,700 27,380 Fields Corp. 1,900 20,188 # FINDEX, Inc. 600 5,113 FJ Next Co., Ltd. 1,400 11,273 Foster Electric Co., Ltd. 1,900 37,307 FP Corp. 3,000 164,125 France Bed Holdings Co., Ltd. 1,300 11,838 # Freebit Co., Ltd. 1,600 12,954 Fudo Tetra Corp. 24,000 39,621 Fuji Co., Ltd. 1,000 24,896 Fuji Corp., Ltd. 1,100 7,460 Fuji Electric Co., Ltd. 38,000 209,219 Fuji Machine Manufacturing Co., Ltd. 6,800 110,635 Fuji Media Holdings, Inc. 2,800 40,455 Fuji Oil Co., Ltd. 3,700 11,277 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Fuji Pharma Co., Ltd. 400 $ 13,677 Fuji Seal International, Inc. 4,600 129,085 Fuji Soft, Inc. 1,700 48,787 Fujicco Co., Ltd. 600 14,544 FUJIFILM Holdings Corp. 6,700 246,281 Fujikura Rubber, Ltd. 400 2,535 Fujikura, Ltd. 25,300 213,007 Fujimi, Inc. 1,000 22,567 Fujimori Kogyo Co., Ltd. 1,400 41,709 Fujitec Co., Ltd. 7,300 100,704 Fujitsu Frontech, Ltd. 2,400 45,710 Fujitsu General, Ltd. 3,000 63,325 Fujitsu, Ltd. 161,000 1,198,923 FuKoKu Co., Ltd. 200 1,896 Fukuda Corp. 600 27,521 Fukuda Denshi Co., Ltd. 400 29,735 Fukui Bank, Ltd. (The) 19,000 46,303 Fukui Computer Holdings, Inc. 700 25,531 Fukuoka Financial Group, Inc. 22,000 101,427 Fukushima Bank, Ltd. (The) 33,000 26,016 Fukushima Industries Corp. 1,400 58,132 Fukuyama Transporting Co., Ltd. 10,000 63,870 FULLCAST Holdings Co., Ltd. 4,000 50,351 Funai Electric Co., Ltd. 2,200 19,944 Funai Soken Holdings, Inc. 2,300 59,920 # Furukawa Battery Co., Ltd. (The) 2,000 16,713 Furukawa Co., Ltd. 20,000 37,105 Furukawa Electric Co., Ltd. 4,400 198,567 Furuno Electric Co., Ltd. 2,200 13,176 Fuso Chemical Co., Ltd. 1,400 46,641 Fuso Pharmaceutical Industries, Ltd. 200 5,034 Futaba Corp. 2,100 38,513 Futaba Industrial Co., Ltd. 7,200 74,600 Future Corp. 3,000 24,265 Fuyo General Lease Co., Ltd. 2,600 152,429 G-7 Holdings, Inc. 200 4,207 G-Tekt Corp. 2,200 42,577 Gakken Holdings Co., Ltd. 600 17,843 # GCA Corp. 700 6,211 Gecoss Corp. 2,200 24,919 Genky Stores, Inc. 900 33,547 Geo Holdings Corp. 3,300 36,080 # Giken, Ltd. 800 21,352 GLOBERIDE, Inc. 1,800 31,158 Glory, Ltd. 6,900 229,772 # GMO Click Holdings, Inc. 1,800 12,519 # GMO internet, Inc. 7,900 101,881 GMO Payment Gateway, Inc. 1,300 76,683 Goldcrest Co., Ltd. 1,600 35,641 Gree, Inc. 5,400 41,487 GS Yuasa Corp. 35,000 165,192 Gun-Ei Chemical Industry Co., Ltd. 100 3,326 # GungHo Online Entertainment, Inc. 37,600 101,590 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Gurunavi, Inc. 2,500 $ 40,896 H-One Co., Ltd. 800 9,174 H2O Retailing Corp. 8,460 138,432 Hachijuni Bank, Ltd. (The) 20,500 130,152 Hagihara Industries, Inc. 900 25,822 Hakuhodo DY Holdings, Inc. 10,400 145,961 Hakuto Co., Ltd. 400 5,394 Halows Co., Ltd. 600 12,967 Hamakyorex Co., Ltd. 1,000 26,440 Hamamatsu Photonics K.K. 2,200 69,930 Hankyu Hanshin Holdings, Inc. 10,100 360,484 Hanwa Co., Ltd. 30,000 214,549 Happinet Corp. 1,400 25,257 # Harmonic Drive Systems, Inc. 2,100 90,710 Haseko Corp. 40,600 508,338 Hazama Ando Corp. 22,700 156,642 # Hearts United Group Co., Ltd. 1,700 26,600 Heiwa Corp. 5,800 127,597 Heiwa Real Estate Co., Ltd. 2,800 43,914 Heiwado Co., Ltd. 3,100 70,445 HI-LEX Corp. 1,200 31,365 Hibiya Engineering, Ltd. 2,700 49,371 Hiday Hidaka Corp. 1,382 36,888 Hikari Tsushin, Inc. 1,100 120,119 Hino Motors, Ltd. 25,400 298,950 # Hirata Corp. 600 67,900 Hirose Electric Co., Ltd. 500 68,084 Hiroshima Bank, Ltd. (The) 26,000 111,144 HIS Co., Ltd. 4,500 138,361 Hisaka Works, Ltd. 1,500 13,457 Hisamitsu Pharmaceutical Co., Inc. 1,900 89,072 Hitachi Capital Corp. 6,700 159,390 Hitachi Chemical Co., Ltd. 8,800 250,182 Hitachi Construction Machinery Co., Ltd. 7,100 203,253 Hitachi High-Technologies Corp. 4,800 176,683 Hitachi Kokusai Electric, Inc. 700 18,046 Hitachi Maxell, Ltd. 4,700 103,999 Hitachi Metals, Ltd. 15,510 215,870 Hitachi Zosen Corp. 22,300 117,386 Hitachi, Ltd. 107,000 736,140 Hitachi, Ltd. ADR 3,100 214,179 Hogy Medical Co., Ltd. 900 65,687 Hokkoku Bank, Ltd. (The) 12,000 48,497 Hokuetsu Bank, Ltd. (The) 1,600 37,983 Hokuetsu Industries Co., Ltd. 1,200 10,439 Hokuetsu Kishu Paper Co., Ltd. 14,000 98,237 Honda Motor Co., Ltd. 59,200 1,657,117 Honda Motor Co., Ltd. Sponsored ADR 20,519 574,942 Hoosiers Holdings 3,200 32,087 Horiba, Ltd. 2,000 122,512 Hoshizaki Corp. 3,500 338,788 Hosiden Corp. 3,500 40,482 Hosokawa Micron Corp. 400 19,433 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) House Foods Group, Inc. 4,100 $105,839 Hoya Corp. 1,300 73,303 Hulic Co., Ltd. 9,700 102,419 Hyakugo Bank, Ltd. (The) 13,000 52,418 Hyakujushi Bank, Ltd. (The) 11,000 35,683 Ichibanya Co., Ltd. 900 32,056 Ichigo, Inc. 36,100 110,260 Ichikoh Industries, Ltd. 4,000 31,356 Ichinen Holdings Co., Ltd. 1,300 15,249 Ichiyoshi Securities Co., Ltd. 2,000 17,932 Icom, Inc. 1,200 25,591 Idec Corp. 1,900 31,681 # IDOM, Inc. 7,500 49,677 * IHI Corp. 152,000 500,984 Iida Group Holdings Co., Ltd. 9,820 167,784 Imasen Electric Industrial 2,500 27,991 Imperial Hotel, Ltd. 400 7,813 Inaba Denki Sangyo Co., Ltd. 2,800 110,285 Inabata & Co., Ltd. 4,400 61,849 Inageya Co., Ltd. 2,000 31,474 Ines Corp. 500 4,750 # Infocom Corp. 700 17,126 Infomart Corp. 6,100 44,783 Information Services International-Dentsu, Ltd. 1,400 31,741 # Intage Holdings, Inc. 900 18,394 Internet Initiative Japan, Inc. 3,400 61,468 Inui Global Logistics Co., Ltd. 1,600 12,261 Investors Cloud Co., Ltd. 500 25,624 Iseki & Co., Ltd. 2,700 56,158 Isetan Mitsukoshi Holdings, Ltd. 20,740 202,114 * Ishihara Sangyo Kaisha, Ltd. 5,100 55,870 Istyle, Inc. 2,200 14,647 Isuzu Motors, Ltd. 55,600 762,398 Ito En, Ltd. 7,400 273,640 Itochu Enex Co., Ltd. 10,300 92,686 Itochu Techno-Solutions Corp. 4,300 149,733 Itochu-Shokuhin Co., Ltd. 300 12,460 Itoham Yonekyu Holdings, Inc. 12,200 113,471 Itoki Corp. 2,900 23,557 # Ivy Cosmetics Corp. 200 14,155 IwaiCosmo Holdings, Inc. 2,900 34,010 Iwasaki Electric Co., Ltd. 7,000 13,534 Iwatani Corp. 21,000 136,138 Iyo Bank, Ltd. (The) 11,000 89,816 Izumi Co., Ltd. 4,700 245,203 J Front Retailing Co., Ltd. 19,000 271,554 J-Oil Mills, Inc. 1,200 41,882 JAC Recruitment Co., Ltd. 2,800 45,687 Jaccs Co., Ltd. 14,000 65,636 Jafco Co., Ltd. 2,500 119,558 Jalux, Inc. 500 12,606 # Jamco Corp. 700 17,745 Janome Sewing Machine Co., Ltd. 1,200 9,778 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Japan Airport Terminal Co., Ltd. 2,100 $ 77,840 Japan Aviation Electronics Industry, Ltd. 4,000 63,196 Japan Cash Machine Co., Ltd. 1,100 11,871 #* Japan Display, Inc. 30,500 54,586 #* Japan Drilling Co., Ltd. 1,600 30,657 Japan Exchange Group, Inc. 28,700 515,088 # Japan Lifeline Co., Ltd. 2,100 96,540 Japan Material Co., Ltd. 1,400 27,400 Japan Medical Dynamic Marketing, Inc. 2,800 24,980 Japan Pulp & Paper Co., Ltd. 12,000 45,913 Japan Radio Co., Ltd. 1,800 23,243 Japan Securities Finance Co., Ltd. 9,800 49,198 Japan Steel Works, Ltd. (The) 3,600 59,455 Japan Transcity Corp. 3,000 11,603 Japan Wool Textile Co., Ltd. (The) 5,000 42,836 JCU Corp. 600 22,017 Jeol, Ltd. 4,000 21,804 JGC Corp. 12,500 200,239 #* JIG-SAW, Inc. 300 17,286 Jimoto Holdings, Inc. 10,800 19,284 JINS, Inc. 1,000 60,896 Joshin Denki Co., Ltd. 3,000 42,209 Joyful Honda Co., Ltd. 1,500 41,485 JSP Corp. 1,900 60,037 JSR Corp. 14,700 259,044 JTEKT Corp. 18,500 263,324 Juki Corp. 1,800 27,229 Justsystems Corp. 1,600 24,628 JVC Kenwood Corp. 15,020 43,734 K&O Energy Group, Inc. 900 13,758 # K's Holdings Corp. 8,238 165,384 kabu.com Securities Co., Ltd. 5,800 18,816 * Kadokawa Dwango 4,602 60,789 Kaga Electronics Co., Ltd. 1,200 26,470 Kagome Co., Ltd. 1,400 42,528 Kajima Corp. 89,403 779,562 # Kakaku.com, Inc. 12,400 175,197 Kaken Pharmaceutical Co., Ltd. 3,200 170,324 Kakiyasu Honten Co., Ltd. 1,500 26,711 Kameda Seika Co., Ltd. 1,100 54,964 Kamei Corp. 2,000 28,584 Kamigumi Co., Ltd. 15,000 160,756 Kanaden Corp. 2,100 22,353 Kanagawa Chuo Kotsu Co., Ltd. 4,000 26,415 Kanamoto Co., Ltd. 3,400 121,888 Kandenko Co., Ltd. 9,000 96,319 Kaneka Corp. 27,000 216,355 Kanematsu Corp. 50,000 109,266 Kanematsu Electronics, Ltd. 800 23,688 Kansai Paint Co., Ltd. 10,500 240,173 Kansai Urban Banking Corp. 3,200 41,026 Kao Corp. 8,500 517,518 Kasai Kogyo Co., Ltd. 3,200 41,655 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Katakura Industries Co., Ltd. 2,500 $ 28,964 Kato Sangyo Co., Ltd. 2,900 78,112 Kato Works Co., Ltd. 1,000 32,169 KAWADA TECHNOLOGIES, Inc. 200 13,733 Kawasaki Heavy Industries, Ltd. 124,000 394,803 KDDI Corp. 83,200 2,204,548 Keihan Holdings Co., Ltd. 54,000 349,368 Keihanshin Building Co., Ltd. 1,700 10,759 Keikyu Corp. 18,000 208,902 Keio Corp. 23,000 192,609 Keisei Electric Railway Co., Ltd. 4,900 134,089 Keiyo Bank, Ltd. (The) 15,000 63,463 Keiyo Co., Ltd. 2,900 20,145 # Kenedix, Inc. 7,900 40,446 # Kenko Mayonnaise Co., Ltd. 900 25,296 Kewpie Corp. 10,300 259,082 Keyence Corp. 1,800 831,445 KFC Holdings Japan, Ltd. 800 14,480 Kikkoman Corp. 4,000 122,509 Kinden Corp. 9,600 149,429 * Kintetsu Department Store Co., Ltd. 7,000 23,282 Kintetsu Group Holdings Co., Ltd. 65,000 249,257 Kintetsu World Express, Inc. 4,300 75,302 Kirin Holdings Co., Ltd. 27,600 607,856 Kissei Pharmaceutical Co., Ltd. 2,900 74,991 Kita-Nippon Bank, Ltd. (The) 600 17,207 Kitagawa Iron Works Co., Ltd. 500 10,687 Kito Corp. 1,200 13,880 Kitz Corp. 7,500 67,113 Kiyo Bank, Ltd. (The) 3,100 51,845 #* KLab, Inc. 4,800 81,651 * KNT-CT Holdings Co., Ltd. 17,000 28,452 Kobayashi Pharmaceutical Co., Ltd. 3,600 223,743 Kobe Bussan Co., Ltd. 1,100 54,513 * Kobe Electric Railway Co., Ltd. 4,000 14,620 Kohnan Shoji Co., Ltd. 1,900 34,650 Koito Manufacturing Co., Ltd. 7,200 420,596 Kokuyo Co., Ltd. 11,400 181,534 Komatsu Seiren Co., Ltd. 1,900 13,201 Komatsu, Ltd. 20,700 555,123 Komeri Co., Ltd. 3,200 93,624 Komori Corp. 6,500 77,289 Konami Holdings Corp. 4,700 245,123 Konica Minolta, Inc. 23,600 195,483 Konishi Co., Ltd. 2,400 36,664 Konoike Transport Co., Ltd. 2,600 35,410 Kose Corp. 2,400 267,075 Koshidaka Holdings Co., Ltd. 600 16,277 Kotobuki Spirits Co., Ltd. 2,100 77,509 # KRS Corp. 1,000 27,116 Kubota Corp. 27,100 470,594 Kumagai Gumi Co., Ltd. 43,000 148,943 # Kumiai Chemical Industry Co., Ltd. 4,800 27,911 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Kura Corp. 1,000 $ 50,289 Kuraray Co., Ltd. 30,000 583,243 Kureha Corp. 1,600 80,460 Kurimoto, Ltd. 800 14,988 Kurita Water Industries, Ltd. 4,800 136,562 Kuroda Electric Co., Ltd. 1,800 34,415 Kusuri no Aoki Holdings Co., Ltd. 1,400 77,050 KYB Corp. 21,000 118,525 Kyocera Corp. 600 36,450 Kyocera Corp. Sponsored ADR 2,000 122,180 Kyodo Printing Co., Ltd. 10,000 34,997 Kyokuto Kaihatsu Kogyo Co., Ltd. 4,000 66,966 Kyokuto Securities Co., Ltd. 1,500 21,101 # Kyokuyo Co., Ltd. 700 19,705 KYORIN Holdings, Inc. 2,800 59,770 Kyosan Electric Manufacturing Co., Ltd. 2,000 11,141 Kyowa Exeo Corp. 11,100 189,515 Kyudenko Corp. 4,000 150,870 Kyushu Financial Group, Inc. 18,840 118,216 LAC Co., Ltd. 1,900 23,281 #* Laox Co., Ltd. 5,000 24,294 # Lasertec Corp. 3,000 44,729 # Lawson, Inc. 4,900 333,584 # LEC, Inc. 800 19,584 Leopalace21 Corp. 23,100 164,728 Life Corp. 1,400 37,071 LIFULL Co., Ltd. 6,100 48,708 # Like Co., Ltd. 500 16,316 # Link And Motivation, Inc. 3,400 22,714 Lintec Corp. 4,700 114,100 Lion Corp. 11,000 235,457 LIXIL Group Corp. 17,900 460,661 #* M&A Capital Partners Co., Ltd. 800 36,472 M3, Inc. 14,000 377,651 # Mabuchi Motor Co., Ltd. 600 31,620 Macnica Fuji Electronics Holdings, Inc. 6,200 98,845 Maeda Corp. 14,000 169,271 Maeda Road Construction Co., Ltd. 5,000 103,233 Makino Milling Machine Co., Ltd. 10,000 84,452 Makita Corp. 7,400 289,455 Mandom Corp. 1,000 55,274 Mani, Inc. 900 21,391 Mars Engineering Corp. 300 5,940 Marubun Corp. 800 6,119 Marudai Food Co., Ltd. 11,000 52,173 Maruha Nichiro Corp. 4,200 114,618 Marui Group Co., Ltd. 14,300 194,477 Maruichi Steel Tube, Ltd. 4,000 123,456 Marusan Securities Co., Ltd. 2,500 21,108 # Maruwa Unyu Kikan Co., Ltd. 900 32,843 Maruzen Showa Unyu Co., Ltd. 3,000 13,057 # Marvelous, Inc. 3,000 28,030 Matsuda Sangyo Co., Ltd. 2,700 36,646 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Matsui Construction Co., Ltd. 1,700 $ 14,544 # Matsui Securities Co., Ltd. 6,500 53,201 Matsumotokiyoshi Holdings Co., Ltd. 2,400 147,998 Matsuya Co., Ltd. 2,200 18,500 Matsuya Foods Co., Ltd. 400 15,145 Max Co., Ltd. 2,000 27,361 Maxvalu Tokai Co., Ltd. 700 13,304 Mazda Motor Corp. 55,400 832,816 McDonald's Holdings Co. Japan, Ltd. 1,100 44,699 MCJ Co., Ltd. 4,300 50,803 Mebuki Financial Group, Inc. 15,800 60,822 Medical System Network Co., Ltd. 2,700 11,793 Medipal Holdings Corp. 19,300 353,179 Megmilk Snow Brand Co., Ltd. 4,700 129,943 Meidensha Corp. 20,000 71,059 MEIJI Holdings Co., Ltd. 4,600 366,590 Meiko Electronics Co., Ltd. 2,700 40,493 Meisei Industrial Co., Ltd. 2,300 14,906 Meitec Corp. 3,600 168,720 Meito Sangyo Co., Ltd. 1,000 13,078 Melco Holdings, Inc. 800 26,783 Menicon Co., Ltd. 800 26,193 METAWATER Co., Ltd. 400 11,062 # Michinoku Bank, Ltd. (The) 9,000 15,247 # Micronics Japan Co., Ltd. 1,600 16,945 Mie Bank, Ltd. (The) 600 13,433 Mie Kotsu Group Holdings, Inc. 3,600 13,544 Milbon Co., Ltd. 1,200 69,968 Mimasu Semiconductor Industry Co., Ltd. 1,000 16,052 Minato Bank, Ltd. (The) 800 14,647 Minebea Mitsumi, Inc. 11,400 187,819 Ministop Co., Ltd. 1,900 41,802 Miraca Holdings, Inc. 11,600 529,336 Mirait Holdings Corp. 9,900 116,073 Miroku Jyoho Service Co., Ltd. 2,300 48,454 Misawa Homes Co., Ltd. 1,700 15,602 MISUMI Group, Inc. 13,800 342,237 Mitani Corp. 1,000 39,444 Mito Securities Co., Ltd. 8,900 24,743 Mitsuba Corp. 2,000 34,873 Mitsubishi Chemical Holdings Corp. 109,600 917,599 Mitsubishi Electric Corp. 58,800 910,264 Mitsubishi Estate Co., Ltd. 34,900 634,585 Mitsubishi Gas Chemical Co., Inc. 12,400 286,088 Mitsubishi Heavy Industries, Ltd. 139,000 552,643 Mitsubishi Logistics Corp. 10,000 128,377 Mitsubishi Motors Corp. 25,500 183,947 Mitsubishi Nichiyu Forklift Co., Ltd. 4,300 34,599 * Mitsubishi Paper Mills, Ltd. 2,600 18,331 Mitsubishi Research Institute, Inc. 400 11,504 Mitsubishi Shokuhin Co., Ltd. 1,400 40,504 Mitsubishi Steel Manufacturing Co., Ltd. 10,000 25,726 Mitsubishi Tanabe Pharma Corp. 9,700 230,915 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Mitsubishi UFJ Financial Group, Inc. 323,100 $2,049,782 Mitsubishi UFJ Financial Group, Inc. Sponsored ADR 27,043 172,264 Mitsubishi UFJ Lease & Finance Co., Ltd. 53,300 283,934 Mitsuboshi Belting, Ltd. 4,000 45,761 Mitsui Chemicals, Inc. 78,000 443,127 Mitsui Engineering & Shipbuilding Co., Ltd. 85,000 118,494 Mitsui Fudosan Co., Ltd. 19,100 438,349 Mitsui Home Co., Ltd. 3,000 20,456 Mitsui Matsushima Co., Ltd. 900 12,127 Mitsui Mining & Smelting Co., Ltd. 77,000 336,368 Mitsui Sugar Co., Ltd. 1,000 30,362 Mitsui-Soko Holdings Co., Ltd. 19,000 51,848 Mixi, Inc. 2,000 109,919 Miyaji Engineering Group, Inc. 10,000 24,363 Miyazaki Bank, Ltd. (The) 7,000 23,401 Miyoshi Oil & Fat Co., Ltd. 600 7,679 Mizuho Financial Group, Inc. 349,140 620,902 Mizuho Financial Group, Inc. ADR 28,400 101,388 Mizuno Corp. 16,000 93,019 Mochida Pharmaceutical Co., Ltd. 1,000 69,674 Modec, Inc. 2,100 50,062 Monex Group, Inc. 4,900 13,849 Monogatari Corp. (The) 300 15,651 MonotaRO Co., Ltd. 6,400 211,104 Morinaga & Co., Ltd. 2,200 126,089 Morinaga Milk Industry Co., Ltd. 14,000 102,274 Morita Holdings Corp. 3,000 47,048 Morito Co., Ltd. 2,600 22,092 # Morozoff, Ltd. 300 18,567 #* Morpho, Inc. 600 27,052 Mory Industries, Inc. 400 8,552 MS&AD Insurance Group Holdings, Inc. 18,852 661,226 # MTI, Ltd. 4,000 26,978 Mugen Estate Co., Ltd. 1,800 16,156 Murata Manufacturing Co., Ltd. 500 77,785 Musashino Bank, Ltd. (The) 1,700 50,793 N Field Co., Ltd. 1,100 15,140 Nabtesco Corp. 10,900 353,863 Nachi-Fujikoshi Corp. 18,000 99,494 # Nagano Bank, Ltd. (The) 700 12,492 Nagase & Co., Ltd. 18,000 282,560 Nagatanien Holdings Co., Ltd. 2,000 24,900 Nagoya Railroad Co., Ltd. 36,000 165,095 Nakabayashi Co., Ltd. 6,000 17,684 Nakamuraya Co., Ltd. 100 4,561 Nakanishi, Inc. 1,000 41,897 Namura Shipbuilding Co., Ltd. 5,200 29,791 Nankai Electric Railway Co., Ltd. 26,000 127,939 Nanto Bank, Ltd. (The) 1,600 47,070 # Natori Co., Ltd. 500 9,294 NEC Capital Solutions, Ltd. 700 12,060 NEC Corp. 193,000 524,660 NEC Networks & System Integration Corp. 2,700 58,992 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) NET One Systems Co., Ltd. 5,900 $ 56,547 Neturen Co., Ltd. 1,900 17,490 * Nexon Co., Ltd. 6,300 130,942 NGK Insulators, Ltd. 9,100 183,003 NHK Spring Co., Ltd. 19,700 212,771 # Nichi-iko Pharmaceutical Co., Ltd. 4,300 65,874 Nichia Steel Works, Ltd. 1,000 2,621 Nichias Corp. 7,000 85,011 Nichiban Co., Ltd. 3,000 26,758 Nichiden Corp. 400 14,357 Nichiha Corp. 2,000 74,290 NichiiGakkan Co., Ltd. 4,300 45,003 Nichirei Corp. 8,800 247,328 Nichireki Co., Ltd. 3,000 36,297 Nichirin Co., Ltd. 1,100 24,561 Nidec Corp. 5,200 572,984 # Nidec Corp. Sponsored ADR 7,900 218,672 # Nifco, Inc. 7,700 444,132 Nihon Chouzai Co., Ltd. 800 26,686 Nihon Dempa Kogyo Co., Ltd. 2,800 23,417 Nihon House Holdings Co., Ltd. 4,300 20,503 Nihon Kohden Corp. 6,900 164,903 Nihon M&A Center, Inc. 9,100 365,382 Nihon Nohyaku Co., Ltd. 6,700 38,931 Nihon Parkerizing Co., Ltd. 11,300 161,684 # Nihon Plast Co., Ltd. 1,900 22,580 Nihon Tokushu Toryo Co., Ltd. 1,500 25,190 # Nihon Trim Co., Ltd. 600 24,965 Nihon Unisys, Ltd. 6,400 106,717 Nihon Yamamura Glass Co., Ltd. 3,000 5,140 Nikkiso Co., Ltd. 5,500 56,760 Nikkon Holdings Co., Ltd. 4,200 99,289 Nikon Corp. 16,100 283,678 Nintendo Co., Ltd. 2,200 747,152 Nippo Corp. 5,000 101,721 Nippon Beet Sugar Manufacturing Co., Ltd. 900 17,603 # Nippon Carbon Co., Ltd. 899 29,356 Nippon Chemi-Con Corp. 6,000 24,239 Nippon Coke & Engineering Co., Ltd. 3,500 3,301 # Nippon Commercial Development Co., Ltd. 1,500 23,398 Nippon Densetsu Kogyo Co., Ltd. 3,600 71,553 Nippon Express Co., Ltd. 56,000 357,605 Nippon Flour Mills Co., Ltd. 2,400 38,672 Nippon Gas Co., Ltd. 4,400 138,092 Nippon Kanzai Co., Ltd. 1,300 23,376 Nippon Kayaku Co., Ltd. 20,000 279,915 Nippon Koei Co., Ltd. 800 22,134 Nippon Light Metal Holdings Co., Ltd. 75,100 202,057 # Nippon Paint Holdings Co., Ltd. 12,700 488,324 Nippon Paper Industries Co., Ltd. 3,500 69,779 # Nippon Parking Development Co., Ltd. 15,600 23,332 Nippon Pillar Packing Co., Ltd. 800 13,383 Nippon Piston Ring Co., Ltd. 900 17,692 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nippon Road Co., Ltd. (The) 5,000 $ 27,927 Nippon Seiki Co., Ltd. 3,000 57,439 #* Nippon Sharyo, Ltd. 8,000 20,811 Nippon Shinyaku Co., Ltd. 2,600 164,098 Nippon Shokubai Co., Ltd. 2,400 157,011 Nippon Signal Co., Ltd. 6,200 62,952 Nippon Soda Co., Ltd. 14,000 78,555 Nippon Steel & Sumikin Bussan Corp. 1,700 87,629 Nippon Suisan Kaisha, Ltd. 40,600 236,944 Nippon Telegraph & Telephone Corp. 10,500 513,851 Nippon Thompson Co., Ltd. 5,600 31,993 Nippon Valqua Industries, Ltd. 600 15,854 Nippon Yakin Kogyo Co., Ltd. 2,000 4,022 Nipro Corp. 17,900 242,810 Nishi-Nippon Financial Holdings, Inc. 9,800 110,260 Nishi-Nippon Railroad Co., Ltd. 20,000 88,146 Nishimatsu Construction Co., Ltd. 25,000 143,873 Nishimatsuya Chain Co., Ltd. 4,600 50,379 Nishio Rent All Co., Ltd. 2,200 73,234 Nissan Chemical Industries, Ltd. 6,400 212,454 Nissan Motor Co., Ltd. 128,100 1,271,938 Nissan Shatai Co., Ltd. 6,800 70,404 Nissei ASB Machine Co., Ltd. 600 20,675 Nissei Build Kogyo Co., Ltd. 6,000 34,661 Nissei Plastic Industrial Co., Ltd. 1,200 12,549 # Nissha Printing Co., Ltd. 900 24,626 Nisshin Fudosan Co. 3,300 18,394 Nisshin Oillio Group, Ltd. (The) 15,000 88,800 Nisshin Seifun Group, Inc. 6,280 103,126 Nisshinbo Holdings, Inc. 8,000 81,013 Nissin Electric Co., Ltd. 6,000 72,868 Nissin Foods Holdings Co., Ltd. 700 43,977 Nissin Kogyo Co., Ltd. 2,100 35,170 Nissin Sugar Co., Ltd. 800 13,804 Nissui Pharmaceutical Co., Ltd. 1,700 21,455 Nitori Holdings Co., Ltd. 2,800 395,143 Nitta Corp. 800 25,693 Nittetsu Mining Co., Ltd. 700 39,289 Nitto Boseki Co., Ltd. 8,000 46,609 Nitto Denko Corp. 6,200 552,848 Nitto Kogyo Corp. 2,500 40,493 Nitto Kohki Co., Ltd. 700 16,634 Nittoc Construction Co., Ltd. 1,700 8,993 Noevir Holdings Co., Ltd. 1,200 62,200 NOF Corp. 12,000 163,041 Nohmi Bosai, Ltd. 3,000 46,133 Nojima Corp. 3,700 59,886 # NOK Corp. 4,600 105,294 Nomura Co., Ltd. 3,500 74,062 Nomura Holdings, Inc. 57,100 339,244 Nomura Holdings, Inc. Sponsored ADR 48,288 288,279 Nomura Real Estate Holdings, Inc. 18,500 366,691 Nomura Research Institute, Ltd. 4,422 165,530 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Noritake Co., Ltd. 1,000 $ 38,334 Noritsu Koki Co., Ltd. 900 8,286 Noritz Corp. 2,100 41,188 NS Solutions Corp. 2,600 54,739 NSD Co., Ltd. 2,300 43,869 NSK, Ltd. 18,200 234,603 NTN Corp. 32,000 148,929 NTT Data Corp. 23,500 255,982 NTT DOCOMO, Inc. 37,100 861,536 # NTT DOCOMO, Inc. Sponsored ADR 6,786 157,707 NTT Urban Development Corp. 6,000 61,389 Nuflare Technology, Inc. 600 32,105 Obara Group, Inc. 1,100 60,820 Obayashi Corp. 55,600 669,461 Obic Co., Ltd. 1,400 87,526 Odakyu Electric Railway Co., Ltd. 11,000 217,894 Oenon Holdings, Inc. 5,000 12,424 Ogaki Kyoritsu Bank, Ltd. (The) 23,000 66,448 Ohara, Inc. 300 3,786 Ohsho Food Service Corp. 600 23,342 Oiles Corp. 1,800 32,191 Oita Bank, Ltd. (The) 6,000 22,609 Oji Holdings Corp. 38,000 194,881 Okabe Co., Ltd. 4,100 40,135 Okamoto Industries, Inc. 6,000 65,682 Okamura Corp. 8,300 84,379 Okasan Securities Group, Inc. 15,000 90,843 Oki Electric Industry Co., Ltd. 8,000 109,537 # Okinawa Cellular Telephone Co. 700 24,609 OKUMA Corp. 9,000 86,517 Okumura Corp. 16,000 116,433 Okura Industrial Co., Ltd. 2,000 12,930 Okuwa Co., Ltd. 2,000 21,295 Olympus Corp. 13,100 475,487 Omron Corp. 4,500 224,514 Ono Pharmaceutical Co., Ltd. 7,800 170,631 Onoken Co., Ltd. 1,100 18,293 Onward Holdings Co., Ltd. 14,000 101,565 Open House Co., Ltd. 3,800 125,770 OPT Holdings, Inc. 1,200 15,138 Optex Group Co., Ltd. 300 10,073 Oracle Corp. 2,000 134,430 Organo Corp. 2,000 10,661 # Orient Corp. 45,600 76,910 Oriental Land Co., Ltd. 5,600 405,947 Origin Electric Co., Ltd. 2,000 5,675 ORIX Corp. 400 6,347 Osaka Gas Co., Ltd. 80,000 320,410 Osaka Soda Co., Ltd. 4,000 20,133 OSAKA Titanium Technologies Co., Ltd. 1,300 20,060 Osaki Electric Co., Ltd. 4,000 30,581 # OSG Corp. 8,700 183,433 OSJB Holdings Corp. 11,900 32,687 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Otsuka Corp. 3,100 $203,072 Otsuka Holdings Co., Ltd. 4,200 184,965 Outsourcing, Inc. 2,000 99,905 Oyo Corp. 2,100 30,437 Pacific Industrial Co., Ltd. 2,100 27,300 #* Pacific Metals Co., Ltd. 7,000 18,778 Pack Corp. (The) 700 22,645 PAL GROUP Holdings Co., Ltd. 1,100 35,110 PALTAC Corp. 2,000 72,565 PanaHome Corp. 8,000 86,882 Panasonic Corp. 62,600 862,208 # Panasonic Corp. Sponsored ADR 24,160 336,549 Paramount Bed Holdings Co., Ltd. 1,500 68,340 # Parco Co., Ltd. 2,200 27,115 Paris Miki Holdings, Inc. 2,800 11,755 # Park24 Co., Ltd. 10,400 263,201 Pasona Group, Inc. 2,000 22,231 # PC Depot Corp. 3,840 22,103 Pegasus Sewing Machine Manufacturing Co., Ltd. 3,200 21,556 Penta-Ocean Construction Co., Ltd. 32,600 194,200 # Pepper Food Service Co., Ltd. 300 11,096 #* PeptiDream, Inc. 5,000 157,105 Persol Holdings Co., Ltd. 18,600 352,652 Pigeon Corp. 13,300 492,987 Pilot Corp. 2,600 113,253 Piolax, Inc. 1,500 41,437 #* Pioneer Corp. 44,000 86,884 Plenus Co., Ltd. 1,100 25,765 Pocket Card Co., Ltd. 3,300 21,677 Pola Orbis Holdings, Inc. 4,000 110,973 Poletowin Pitcrew Holdings, Inc. 1,600 21,330 Press Kogyo Co., Ltd. 6,000 28,221 Pressance Corp. 4,300 59,351 Prestige International, Inc. 3,700 40,524 Pronexus, Inc. 600 6,799 PS Mitsubishi Construction Co., Ltd. 4,900 22,477 Qol Co., Ltd. 1,800 29,042 Quick Co., Ltd. 800 11,489 Raito Kogyo Co., Ltd. 5,500 59,412 Rakuten, Inc. 26,700 326,145 Recruit Holdings Co., Ltd. 42,900 742,585 Relia, Inc. 1,400 14,966 Relo Group, Inc. 14,100 283,008 Renaissance, Inc. 700 12,674 Rengo Co., Ltd. 21,900 124,320 Resona Holdings, Inc. 47,900 246,764 Rhythm Watch Co., Ltd. 9,000 19,193 Ricoh Co., Ltd. 28,100 264,211 Ricoh Leasing Co., Ltd. 2,300 80,363 # Right On Co., Ltd. 1,300 11,794 # Riken Keiki Co., Ltd. 1,500 28,358 Rinnai Corp. 1,000 93,358 Riso Kagaku Corp. 2,100 43,912 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Riso Kyoiku Co., Ltd. 2,900 $ 21,710 Rock Field Co., Ltd. 1,200 20,295 Rohto Pharmaceutical Co., Ltd. 6,500 131,302 Rokko Butter Co., Ltd. 1,000 22,607 Roland DG Corp. 1,200 30,072 # Rorze Corp. 1,000 21,552 Round One Corp. 4,500 48,060 Ryobi, Ltd. 12,000 56,750 Ryoden Corp. 2,000 14,552 Ryohin Keikaku Co., Ltd. 1,400 357,901 Ryosan Co., Ltd. 2,600 101,689 # S Foods, Inc. 600 22,339 Sac's Bar Holdings, Inc. 1,600 17,588 Saizeriya Co., Ltd. 1,800 52,365 Sakai Chemical Industry Co., Ltd. 11,000 44,577 Sakai Moving Service Co., Ltd. 700 33,784 Sakata INX Corp. 3,000 54,248 Sala Corp. 1,800 14,997 San-A Co., Ltd. 1,400 62,441 San-Ai Oil Co., Ltd. 8,800 89,409 San-In Godo Bank, Ltd. (The) 7,400 60,105 * Sanden Holdings Corp. 7,000 19,966 Sangetsu Corp. 4,500 81,077 Sanken Electric Co., Ltd. 12,000 60,834 Sanki Engineering Co., Ltd. 6,300 71,227 Sankyo Co., Ltd. 3,600 118,161 # Sankyo Tateyama, Inc. 1,400 19,778 Sankyu, Inc. 29,000 218,423 Sanoh Industrial Co., Ltd. 1,100 7,931 # Sanrio Co., Ltd. 2,600 52,219 Sanshin Electronics Co., Ltd. 2,400 30,184 Santen Pharmaceutical Co., Ltd. 17,300 243,729 Sanwa Holdings Corp. 48,700 527,354 Sanyo Chemical Industries, Ltd. 1,400 66,485 Sanyo Denki Co., Ltd. 4,000 44,556 Sanyo Electric Railway Co., Ltd. 7,000 35,854 # Sanyo Shokai, Ltd. 900 13,553 Sanyo Trading Co., Ltd. 700 15,949 Sapporo Holdings, Ltd. 6,600 179,760 Sato Holdings Corp. 3,900 93,535 Sawada Holdings Co., Ltd. 1,300 11,804 Sawai Pharmaceutical Co., Ltd. 2,000 112,723 SBI Holdings, Inc. 30,800 440,642 Scala, Inc. 2,600 20,002 SCREEN Holdings Co., Ltd. 3,400 227,264 SCSK Corp. 1,743 73,555 Secom Co., Ltd. 10,500 787,793 Seed Co., Ltd. 700 14,910 Sega Sammy Holdings, Inc. 14,100 190,247 # Seibu Holdings, Inc. 6,500 113,390 Seika Corp. 5,000 21,615 Seikitokyu Kogyo Co., Ltd. 2,600 14,098 # Seiko Epson Corp. 11,900 313,237 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Seiko Holdings Corp. 11,000 $ 49,103 Seino Holdings Co., Ltd. 7,800 105,026 Seiren Co., Ltd. 4,800 81,126 Sekisui House, Ltd. 30,700 531,423 Sekisui Jushi Corp. 2,000 36,370 Sekisui Plastics Co., Ltd. 2,500 21,370 Senko Group Holdings Co., Ltd. 11,720 79,785 Senshu Ikeda Holdings, Inc. 12,600 52,194 Senshukai Co., Ltd. 3,000 18,488 # Septeni Holdings Co., Ltd. 9,500 29,043 Seria Co., Ltd. 2,800 138,971 Seven & I Holdings Co., Ltd. 23,100 931,037 # Seven Bank, Ltd. 114,200 451,930 SFP Holdings Co., Ltd. 900 14,207 #* Sharp Corp. 24,000 84,485 Shibuya Corp. 2,100 63,940 Shiga Bank, Ltd. (The) 14,000 74,195 Shikoku Bank, Ltd. (The) 12,000 32,178 Shikoku Chemicals Corp. 4,000 51,200 Shima Seiki Manufacturing, Ltd. 1,700 82,677 Shimachu Co., Ltd. 3,700 92,588 Shimadzu Corp. 12,000 236,279 Shimamura Co., Ltd. 1,000 124,343 Shimano, Inc. 2,400 351,865 Shimizu Bank, Ltd. (The) 500 15,872 Shimizu Corp. 46,000 486,035 Shin Nippon Air Technologies Co., Ltd. 300 4,325 Shin-Etsu Chemical Co., Ltd. 7,300 667,694 Shin-Etsu Polymer Co., Ltd. 7,600 73,640 Shindengen Electric Manufacturing Co., Ltd. 3,000 15,558 * Shinkawa, Ltd. 3,200 21,580 Shinko Plantech Co., Ltd. 5,600 47,851 Shinko Shoji Co., Ltd. 1,000 13,068 Shinmaywa Industries, Ltd. 10,000 87,436 Shinnihon Corp. 3,200 26,065 # Shinoken Group Co., Ltd. 1,400 33,315 Shinsei Bank, Ltd. 109,000 179,659 Shinsho Corp. 800 21,172 Shionogi & Co., Ltd. 8,700 464,494 Ship Healthcare Holdings, Inc. 4,600 141,175 Shiseido Co., Ltd. 26,900 950,199 Shizuoka Bank, Ltd. (The) 14,000 124,908 Shizuoka Gas Co., Ltd. 6,500 49,164 Shoei Co., Ltd. 800 22,915 Shoei Foods Corp. 900 38,516 Shofu, Inc. 1,900 22,777 * Showa Corp. 4,300 41,539 Showa Denko K.K. 10,700 278,514 Showa Sangyo Co., Ltd. 9,000 48,907 Showa Shell Sekiyu K.K. 28,400 309,354 Sinanen Holdings Co., Ltd. 800 16,232 Sinfonia Technology Co., Ltd. 11,000 46,163 Sinko Industries, Ltd. 1,300 19,861 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Sintokogio, Ltd. 4,000 $ 42,123 SKY Perfect JSAT Holdings, Inc. 15,300 68,682 Skylark Co., Ltd. 9,400 141,873 SMC Corp. 1,100 349,698 SMK Corp. 4,000 16,892 SMS Co., Ltd. 2,600 82,276 Sodick Co., Ltd. 3,900 47,498 SoftBank Group Corp. 32,984 2,658,462 Softbank Technology Corp. 1,200 19,247 Sogo Medical Co., Ltd. 1,000 45,744 Sohgo Security Services Co., Ltd. 3,900 165,317 Sompo Holdings, Inc. 12,100 474,589 # Sony Financial Holdings, Inc. 4,200 72,610 * Sosei Group Corp. 1,500 155,629 Sotetsu Holdings, Inc. 20,000 97,918 # Sparx Group Co., Ltd. 7,000 13,952 Square Enix Holdings Co., Ltd. 5,100 166,865 SRA Holdings 400 10,966 ST Corp. 700 17,566 St Marc Holdings Co., Ltd. 1,200 37,505 Star Micronics Co., Ltd. 3,000 49,666 Start Today Co., Ltd. 9,900 279,346 Starts Corp., Inc. 3,500 91,453 # Stella Chemifa Corp. 1,700 47,787 Studio Alice Co., Ltd. 1,400 32,876 Subaru Corp. 23,600 851,418 Sugi Holdings Co., Ltd. 2,100 107,148 Sumida Corp. 1,700 32,518 # Suminoe Textile Co., Ltd. 5,000 14,049 Sumitomo Bakelite Co., Ltd. 20,000 145,293 Sumitomo Chemical Co., Ltd. 163,231 953,942 Sumitomo Dainippon Pharma Co., Ltd. 8,400 117,667 Sumitomo Densetsu Co., Ltd. 2,100 33,446 Sumitomo Electric Industries, Ltd. 16,400 265,097 Sumitomo Forestry Co., Ltd. 10,600 162,260 Sumitomo Heavy Industries, Ltd. 57,000 415,554 Sumitomo Metal Mining Co., Ltd. 21,000 317,156 Sumitomo Mitsui Construction Co., Ltd. 95,500 103,834 Sumitomo Mitsui Financial Group, Inc. 38,600 1,489,411 Sumitomo Mitsui Trust Holdings, Inc. 9,600 352,541 Sumitomo Realty & Development Co., Ltd. 11,000 332,996 # Sumitomo Riko Co., Ltd. 2,900 30,334 Sumitomo Seika Chemicals Co., Ltd. 800 40,222 Sumitomo Warehouse Co., Ltd. (The) 12,000 76,893 Sun Frontier Fudousan Co., Ltd. 2,700 28,815 Sundrug Co., Ltd. 3,800 141,559 Suntory Beverage & Food, Ltd. 5,200 254,901 Suzuken Co., Ltd. 6,590 220,086 Suzuki Motor Corp. 15,900 753,681 * SWCC Showa Holdings Co., Ltd. 29,000 23,915 Sysmex Corp. 7,100 406,441 Systena Corp. 1,700 38,971 T Hasegawa Co., Ltd. 400 8,426 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) T RAD Co., Ltd. 3,000 $ 9,479 T&D Holdings, Inc. 27,400 404,198 T&K Toka Co., Ltd. 1,000 10,970 T-Gaia Corp. 2,700 54,035 Tachi-S Co., Ltd. 1,500 27,365 Tachibana Eletech Co., Ltd. 1,000 14,462 Tadano, Ltd. 10,100 125,094 Taihei Dengyo Kaisha, Ltd. 3,000 43,357 Taiho Kogyo Co., Ltd. 1,600 22,556 Taikisha, Ltd. 2,500 67,241 Taiko Bank, Ltd. (The) 7,000 14,902 Taisei Corp. 57,000 545,606 Taisho Pharmaceutical Holdings Co., Ltd. 1,200 89,895 Taiyo Holdings Co., Ltd. 1,900 90,282 Taiyo Nippon Sanso Corp. 4,300 49,695 Takamatsu Construction Group Co., Ltd. 2,400 62,967 Takaoka Toko Co., Ltd. 1,400 23,437 Takara Holdings, Inc. 7,600 75,890 Takara Leben Co., Ltd. 14,600 66,976 Takara Standard Co., Ltd. 4,300 72,200 Takasago International Corp. 2,300 90,342 Takasago Thermal Engineering Co., Ltd. 4,900 81,784 Takashimaya Co., Ltd. 24,000 219,548 Takeda Pharmaceutical Co., Ltd. 19,500 1,030,123 Takeei Corp. 3,000 30,386 Takeuchi Manufacturing Co., Ltd. 4,600 89,163 Takuma Co., Ltd. 6,000 61,450 Tamron Co., Ltd. 1,000 18,758 Tamura Corp. 4,000 21,856 Tanseisha Co., Ltd. 1,900 19,159 Tatsuta Electric Wire and Cable Co., Ltd. 4,900 31,414 Tayca Corp. 3,000 26,534 TechMatrix Corp. 1,500 25,049 TechnoPro Holdings, Inc. 5,200 223,096 Tecnos Japan, Inc. 1,300 12,935 Teijin, Ltd. 23,500 471,160 Teikoku Sen-I Co., Ltd. 1,100 20,037 Tekken Corp. 11,000 33,776 Tenma Corp. 2,100 42,379 Terumo Corp. 4,400 166,364 THK Co., Ltd. 5,200 158,775 TIS, Inc. 8,300 250,908 TKC Corp. 1,500 43,637 #* Toa Corp.(6894508) 2,600 42,451 Toa Corp.(6894434) 900 9,386 TOA ROAD Corp. 3,000 12,397 Toagosei Co., Ltd. 10,800 130,270 Tobishima Corp. 13,200 20,203 Tobu Railway Co., Ltd. 36,000 190,615 TOC Co., Ltd. 2,600 24,432 Tocalo Co., Ltd. 1,900 72,596 Tochigi Bank, Ltd. (The) 5,000 20,346 Toda Corp. 26,000 178,742 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Toei Animation Co., Ltd. 400 $ 30,426 Toei Co., Ltd. 7,000 71,369 Toenec Corp. 6,000 36,433 Toho Bank, Ltd. (The) 6,000 20,935 Toho Co., Ltd.(6895211) 200 5,254 Toho Co., Ltd.(6895200) 3,200 115,320 Toho Gas Co., Ltd. 49,000 332,063 # Toho Holdings Co., Ltd. 7,400 146,288 # Toho Titanium Co., Ltd. 4,300 33,301 Toho Zinc Co., Ltd. 16,000 68,894 Tokai Carbon Co., Ltd. 23,100 149,074 Tokai Corp. 900 39,769 TOKAI Holdings Corp. 1,500 11,535 Tokai Rika Co., Ltd. 2,800 51,415 Tokai Tokyo Financial Holdings, Inc. 9,500 55,413 Token Corp. 1,020 129,678 Tokio Marine Holdings, Inc. 29,400 1,236,366 Tokushu Tokai Paper Co., Ltd. 1,000 37,618 * Tokuyama Corp. 31,000 140,835 Tokyo Broadcasting System Holdings, Inc. 4,800 90,726 Tokyo Dome Corp. 3,400 32,724 Tokyo Electron, Ltd. 5,600 787,571 Tokyo Energy & Systems, Inc. 2,000 19,573 Tokyo Gas Co., Ltd. 79,000 419,160 Tokyo Individualized Educational Institute, Inc. 1,300 14,964 # Tokyo Keiki, Inc. 11,000 28,916 Tokyo Ohka Kogyo Co., Ltd. 4,200 136,717 Tokyo Rope Manufacturing Co., Ltd. 1,800 27,564 Tokyo Seimitsu Co., Ltd. 2,800 97,122 Tokyo Tatemono Co., Ltd. 14,200 193,214 Tokyo TY Financial Group, Inc. 1,485 39,521 Tokyotokeiba Co., Ltd. 700 22,730 Tokyu Construction Co., Ltd. 8,900 71,173 Tokyu Corp. 19,383 285,213 Tokyu Fudosan Holdings Corp. 74,400 446,293 # Tokyu Recreation Co., Ltd. 3,000 22,826 Toli Corp. 4,700 15,292 Tomato Bank, Ltd. 1,400 19,515 TOMONY Holdings, Inc. 8,700 42,544 Tomy Co., Ltd. 7,900 96,636 Tonami Holdings Co., Ltd. 3,000 11,795 Topcon Corp. 7,500 128,321 Toppan Forms Co., Ltd. 6,400 66,544 Toppan Printing Co., Ltd. 20,000 211,354 Topre Corp. 2,800 73,811 Topy Industries, Ltd. 1,700 52,211 Toray Industries, Inc. 57,107 515,672 Toridoll Holdings Corp. 1,400 39,242 # Torikizoku Co., Ltd. 1,000 23,394 Torishima Pump Manufacturing Co., Ltd. 1,100 11,242 Tosei Corp. 3,900 30,482 #* Toshiba Corp. 60,000 136,142 Toshiba Machine Co., Ltd. 14,000 66,481 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Toshiba Plant Systems & Services Corp. 3,300 $ 53,738 Toshiba TEC Corp. 13,000 71,957 # Tosho Printing Co., Ltd. 5,000 24,673 Tosoh Corp. 10,000 118,401 Totetsu Kogyo Co., Ltd. 2,500 78,055 TOTO, Ltd. 7,400 297,786 Tottori Bank, Ltd. (The) 1,400 21,606 # Towa Corp. 2,800 43,623 Towa Pharmaceutical Co., Ltd. 900 43,472 Toyo Construction Co., Ltd. 9,000 38,527 Toyo Corp. 2,500 24,115 # Toyo Engineering Corp. 10,000 26,301 Toyo Ink SC Holdings Co., Ltd. 33,000 170,989 Toyo Kanetsu K.K. 16,000 52,372 Toyo Kohan Co., Ltd. 7,500 32,968 Toyo Securities Co., Ltd. 4,000 9,085 Toyo Seikan Group Holdings, Ltd. 16,600 272,113 Toyo Suisan Kaisha, Ltd. 3,000 108,990 Toyo Tanso Co., Ltd. 1,200 20,084 Toyobo Co., Ltd. 94,227 179,418 Toyoda Gosei Co., Ltd. 6,300 148,645 Toyota Boshoku Corp. 8,400 175,430 Toyota Industries Corp. 4,700 252,164 Toyota Motor Corp. 66,919 3,771,544 Toyota Motor Corp. Sponsored ADR 17,953 2,025,817 Toyota Tsusho Corp. 30,200 970,871 TPR Co., Ltd. 2,400 75,790 Trancom Co., Ltd. 800 39,538 Transcosmos, Inc. 2,500 60,083 Trend Micro, Inc. 5,700 285,070 Trusco Nakayama Corp. 4,100 105,157 TS Tech Co., Ltd. 8,000 237,101 TSI Holdings Co., Ltd. 9,100 65,714 # Tsubaki Nakashima Co., Ltd. 1,800 36,128 Tsubakimoto Chain Co. 14,000 118,782 Tsugami Corp. 4,000 32,064 Tsukuba Bank, Ltd. 5,900 17,689 Tsukui Corp. 8,000 48,580 Tsuruha Holdings, Inc. 1,600 167,874 Tsurumi Manufacturing Co., Ltd. 1,900 31,822 Tsutsumi Jewelry Co., Ltd. 1,200 21,714 TV Asahi Holdings Corp. 3,200 58,187 Tv Tokyo Holdings Corp. 700 14,563 #* U-Shin, Ltd. 2,100 14,104 UACJ Corp. 37,000 109,208 Ulvac, Inc. 3,100 166,208 Unicharm Corp. 17,500 449,005 Uniden Holdings Corp. 10,000 23,810 Union Tool Co. 500 14,843 Unipres Corp. 2,700 62,795 United Arrows, Ltd. 2,800 84,863 United Super Markets Holdings, Inc. 3,900 39,575 # UNITED, Inc. 200 4,993 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Universal Entertainment Corp. 1,900 $ 54,510 # Unizo Holdings Co., Ltd. 1,500 34,804 Ushio, Inc. 12,900 181,043 USS Co., Ltd. 8,800 177,771 * UT Group Co., Ltd. 1,800 32,315 # V Technology Co., Ltd. 300 51,361 Valor Holdings Co., Ltd. 4,700 106,219 Vector, Inc. 2,000 29,109 # Vital KSK Holdings, Inc. 3,700 29,636 Voyage Group, Inc. 1,100 20,713 VT Holdings Co., Ltd. 8,900 45,495 # W-Scope Corp. 1,700 36,091 Wacoal Holdings Corp. 18,000 252,861 Wakachiku Construction Co., Ltd. 12,000 18,934 Wakita & Co., Ltd. 4,700 53,007 Watahan & Co., Ltd. 800 16,870 WATAMI Co., Ltd. 1,700 20,782 Weathernews, Inc. 500 15,548 Welcia Holdings Co., Ltd. 3,200 121,601 West Japan Railway Co. 2,300 165,092 WirelessGate, Inc. 1,100 14,413 World Holdings Co., Ltd. 1,000 24,330 Wowow, Inc. 1,300 37,769 Xebio Holdings Co., Ltd. 2,400 45,202 YA-MAN, Ltd. 400 30,864 Yahagi Construction Co., Ltd. 3,600 29,832 # Yahoo Japan Corp. 50,000 226,297 Yaizu Suisankagaku Industry Co., Ltd. 200 2,192 Yakult Honsha Co., Ltd. 3,200 218,066 # Yakuodo Co., Ltd. 800 21,851 YAMABIKO Corp. 4,800 58,037 # Yamada Denki Co., Ltd. 34,500 184,259 # Yamagata Bank, Ltd. (The) 10,000 45,395 Yamaha Corp. 5,100 180,352 Yamaha Motor Co., Ltd. 11,600 291,340 Yamaichi Electronics Co., Ltd. 3,500 68,136 Yamanashi Chuo Bank, Ltd. (The) 9,000 36,762 Yamatane Corp. 800 11,842 Yamato Holdings Co., Ltd. 14,000 281,013 Yamazaki Baking Co., Ltd. 6,800 136,412 Yamazen Corp. 3,900 40,038 Yaoko Co., Ltd. 2,400 103,556 Yaskawa Electric Corp. 30,300 812,321 Yasuda Logistics Corp. 1,500 10,532 Yellow Hat, Ltd. 1,600 41,320 Yodogawa Steel Works, Ltd. 3,100 85,240 Yokogawa Bridge Holdings Corp. 3,400 51,730 Yokogawa Electric Corp. 19,500 328,183 Yokohama Reito Co., Ltd. 4,500 44,751 # Yokowo Co., Ltd. 1,600 21,152 Yomeishu Seizo Co., Ltd. 800 15,374 Yomiuri Land Co., Ltd. 3,000 14,303 Yondenko Corp. 2,000 11,004 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ JAPAN -- (Continued) Yondoshi Holdings, Inc. 1,200 $ 30,139 Yuasa Trading Co., Ltd. 1,500 48,061 # Yume No Machi Souzou Iinkai Co., Ltd. 1,100 12,528 # Yumeshin Holdings Co., Ltd. 4,200 28,627 Yurtec Corp. 6,000 40,731 Zenkoku Hosho Co., Ltd. 3,800 163,410 Zenrin Co., Ltd. 2,500 76,940 Zensho Holdings Co., Ltd. 7,500 135,669 Zeon Corp. 20,000 249,522 ZERIA Pharmaceutical Co., Ltd. 1,100 19,169 * ZIGExN Co., Ltd. 2,000 29,166 # Zojirushi Corp. 4,200 43,847 ------------ TOTAL JAPAN 165,661,639 ------------ NETHERLANDS -- (3.5%) Aalberts Industries NV 9,700 423,518 ABN AMRO Group NV 21,149 597,782 Accell Group 1,885 57,462 Aegon NV 130,140 729,493 Akzo Nobel NV 20,582 1,863,372 * Altice NV Class A 16,909 416,595 * Altice NV Class B 5,130 126,739 AMG Advanced Metallurgical Group NV 1,481 51,124 Amsterdam Commodities NV 1,612 47,884 APERAM SA 4,634 225,227 Arcadis NV 6,829 139,655 ASM International NV 4,549 273,749 ASML Holding NV(B929F46) 3,597 542,418 # ASML Holding NV(B908F01) 3,404 511,723 BE Semiconductor Industries NV 3,607 234,630 # Beter Bed Holding NV 515 9,561 # BinckBank NV 5,442 29,935 # Brunel International NV 2,332 35,836 Coca-Cola European Partners P.L.C. 14,397 624,874 Corbion NV 6,592 212,898 # Flow Traders 744 22,529 * Fugro NV 10,466 168,106 Gemalto NV(B011JK4) 1,107 56,429 Gemalto NV(B9MS8P5) 5,344 272,230 GrandVision NV 2,918 82,459 * Heijmans NV 2,550 21,565 # Heineken NV 7,003 730,757 Hunter Douglas NV 379 33,163 IMCD Group NV 3,736 209,175 ING Groep NV 88,753 1,658,246 # ING Groep NV Sponsored ADR 87,023 1,629,941 KAS Bank NV 625 7,211 Kendrion NV 1,411 60,194 Koninklijke Ahold Delhaize NV 47,817 978,051 Koninklijke Ahold Delhaize NV Sponsored ADR 839 17,144 # Koninklijke BAM Groep NV 13,651 81,174 Koninklijke DSM NV 13,053 962,898 # Koninklijke KPN NV 310,468 1,125,865 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NETHERLANDS -- (Continued) Koninklijke Philips NV(5986622) 27,869 $ 1,065,043 Koninklijke Philips NV(500472303) 15,186 579,650 Koninklijke Vopak NV 6,798 323,669 Nederland Apparatenfabriek 620 28,478 NN Group NV 16,774 679,915 Ordina NV 12,745 23,815 PostNL NV 44,388 210,101 Randstad Holding NV 15,296 922,284 Refresco Group NV 3,812 74,482 RELX NV 44,774 940,451 RELX NV Sponsored ADR 8,127 171,557 Sligro Food Group NV 2,263 102,357 * Telegraaf Media Groep NV 581 4,140 TKH Group NV 3,488 213,333 * TomTom NV 9,070 96,276 Unilever NV(904784709) 46,987 2,733,234 Unilever NV(B12T3J1) 22,626 1,318,589 Van Lanschot Kempen NV 450 13,346 # Wessanen 11,873 209,345 Wolters Kluwer NV 24,154 1,074,211 ----------- TOTAL NETHERLANDS 26,055,888 ----------- NEW ZEALAND -- (0.4%) #* a2 Milk Co., Ltd. 30,129 99,913 Auckland International Airport, Ltd. 19,632 102,638 Chorus, Ltd. 43,189 144,726 Chorus, Ltd. ADR 880 14,335 Contact Energy, Ltd. 15,903 64,036 EBOS Group, Ltd. 4,041 54,896 Fisher & Paykel Healthcare Corp., Ltd. 38,589 317,970 Fletcher Building, Ltd.(6341606) 36,627 219,870 Fletcher Building, Ltd.(6341617) 1,711 10,275 # Fonterra Co-operative Group, Ltd. 2,487 11,302 Freightways, Ltd. 10,373 61,923 Heartland Bank, Ltd. 24,551 33,558 Infratil, Ltd. 47,412 110,072 Mainfreight, Ltd. 4,854 88,581 Mercury NZ, Ltd. 25,398 66,419 Meridian Energy, Ltd. 52,341 113,223 Metlifecare, Ltd. 6,336 26,603 New Zealand Refining Co., Ltd. (The) 7,267 13,474 NZME, Ltd. 3,265 2,275 NZX, Ltd. 21,052 18,637 # Port of Tauranga, Ltd. 8,115 28,519 Restaurant Brands New Zealand, Ltd. 6,760 32,566 Ryman Healthcare, Ltd. 6,901 45,704 Scales Corp., Ltd. 6,386 16,357 Skellerup Holdings, Ltd. 11,410 14,401 SKY Network Television, Ltd. 17,481 43,449 Spark New Zealand, Ltd. 251,037 707,074 Steel & Tube Holdings, Ltd. 4,051 6,722 Tourism Holdings, Ltd. 8,447 27,169 Trade Me Group, Ltd. 36,435 149,805 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- NEW ZEALAND -- (Continued) Warehouse Group, Ltd. (The) 5,791 $ 9,395 * Xero, Ltd. 2,120 42,004 Z Energy, Ltd. 48,685 283,047 ---------- TOTAL NEW ZEALAND 2,980,938 ---------- NORWAY -- (0.7%) ABG Sundal Collier Holding ASA 41,376 28,699 AF Gruppen ASA 1,030 19,599 * Akastor ASA 28,173 57,713 * Aker Solutions ASA 25,840 129,236 American Shipping Co. ASA 3,443 10,838 Atea ASA 14,379 176,307 #* Axactor AB 41,655 13,535 Bakkafrost P/F 1,935 75,978 Borregaard ASA 5,619 70,279 BW LPG, Ltd. 2,364 10,659 #* BW Offshore, Ltd. 15,439 47,583 DNB ASA 44,184 867,972 Ekornes ASA 1,838 26,661 Entra ASA 7,903 105,043 Europris ASA 2,251 10,526 #* Fred Olsen Energy ASA 3,684 5,385 Frontline, Ltd. 1,480 8,581 Gjensidige Forsikring ASA 15,577 269,596 # Golar LNG, Ltd. 568 13,524 Grieg Seafood ASA 7,968 65,413 * Kongsberg Automotive ASA 23,789 25,205 Kongsberg Gruppen ASA 1,283 21,818 * Kvaerner ASA 14,430 21,062 Leroy Seafood Group ASA 44,640 259,105 # Marine Harvest ASA 21,388 398,751 #* Nordic Nanovector ASA 2,120 22,546 #* Nordic Semiconductor ASA 13,537 66,858 * Norwegian Finans Holding ASA 9,054 97,267 Norwegian Property ASA 9,038 11,401 Ocean Yield ASA 7,131 60,918 Olav Thon Eiendomsselskap ASA 617 13,204 Opera Software ASA 2,172 8,986 Orkla ASA 23,872 245,907 #* Petroleum Geo-Services ASA 30,938 67,854 * Prosafe SE 574 2,220 Protector Forsikring ASA 8,545 83,630 Salmar ASA 2,031 52,803 Scatec Solar ASA 12,257 71,911 # Schibsted ASA Class A 5,377 137,172 Schibsted ASA Class B 5,872 137,363 #* Seadrill, Ltd.(B09RMQ1) 22,060 8,234 #* Seadrill, Ltd.(B0HWHV8) 31,670 11,677 Selvaag Bolig ASA 4,930 22,882 Skandiabanken ASA 2,187 24,616 SpareBank 1 SMN 2,099 21,196 SpareBank 1 SR-Bank ASA 9,927 99,081 Storebrand ASA 57,786 482,006 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NORWAY -- (Continued) Subsea 7 SA 37,237 $ 551,773 TGS NOPEC Geophysical Co. ASA 17,397 367,644 Tomra Systems ASA 4,410 62,681 Veidekke ASA 5,045 66,690 Wilh Wilhelmsen Holding ASA Class A 1,249 39,266 # XXL ASA 5,949 57,944 ---------- TOTAL NORWAY 5,634,798 ---------- PORTUGAL -- (0.2%) Altri SGPS SA 6,485 29,452 * Banco Comercial Portugues SA Class R 228,529 65,140 CTT-Correios de Portugal SA 14,273 93,075 Jeronimo Martins SGPS SA 16,347 321,518 Mota-Engil SGPS SA 25,583 71,965 Navigator Co. SA (The) 30,191 130,128 NOS SGPS SA 31,209 198,615 # REN - Redes Energeticas Nacionais SGPS SA 21,562 69,871 Semapa-Sociedade de Investimento e Gestao 3,434 66,744 Sonae Capital SGPS SA 11,819 11,286 Sonae SGPS SA 108,900 125,144 ---------- TOTAL PORTUGAL 1,182,938 ---------- SINGAPORE -- (1.1%) Accordia Golf Trust 70,500 36,662 Ascendas India Trust 13,700 11,621 * Banyan Tree Holdings, Ltd. 47,000 19,068 Best World International, Ltd. 23,400 26,565 * Boustead Projects, Ltd. 5,100 3,510 Boustead Singapore, Ltd. 50,700 35,501 Bukit Sembawang Estates, Ltd. 5,000 25,114 Bund Center Investment, Ltd. 5,250 3,043 Chip Eng Seng Corp., Ltd. 45,000 24,056 CITIC Envirotech, Ltd. 39,400 21,842 City Developments, Ltd. 61,400 509,660 ComfortDelGro Corp., Ltd. 106,500 181,456 #* COSCO Shipping International Singapore Co., Ltd. 124,000 27,876 CSE Global, Ltd. 38,000 11,631 CWT, Ltd. 21,000 32,061 Dairy Farm International Holdings, Ltd. 14,800 119,327 DBS Group Holdings, Ltd. 38,394 612,523 Del Monte Pacific, Ltd. 92,600 21,161 Delfi, Ltd. 28,200 41,708 * Ezion Holdings, Ltd. 350,280 62,033 #* Ezra Holdings, Ltd. 280,402 1,717 Far East Orchard, Ltd. 20,100 22,948 Food Empire Holdings, Ltd. 44,600 21,688 Frasers Centrepoint, Ltd. 9,000 12,785 Genting Singapore P.L.C. 158,300 136,010 Global Logistic Properties, Ltd. 98,500 240,402 Great Eastern Holdings, Ltd. 3,000 55,321 GuocoLand, Ltd. 17,666 24,824 * Halcyon Agri Corp., Ltd. 28,372 11,528 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- SINGAPORE -- (Continued) Haw Par Corp., Ltd. 1,700 $ 13,179 Health Management International, Ltd. 27,500 13,488 Hi-P International, Ltd. 16,200 12,188 Ho Bee Land, Ltd. 6,600 11,777 Hong Fok Corp., Ltd. 25,600 14,815 Hongkong Land Holdings, Ltd. 27,500 206,648 Hutchison Port Holdings Trust 429,400 203,837 Hyflux, Ltd. 78,500 27,784 Keppel Corp., Ltd. 36,400 172,142 Keppel Telecommunications & Transportation, Ltd. 3,000 3,465 Lian Beng Group, Ltd. 30,000 13,394 M1, Ltd. 42,400 56,471 Mandarin Oriental International, Ltd. 6,800 13,747 Metro Holdings, Ltd. 30,100 25,857 * Midas Holdings, Ltd. 200,100 30,226 NSL, Ltd. 2,000 2,109 Oversea-Chinese Banking Corp., Ltd. 80,586 674,937 Oxley Holdings, Ltd. 33,700 14,411 * Pacc Offshore Services Holdings, Ltd. 40,700 8,544 Q&M Dental Group Singapore, Ltd. 44,400 20,961 QAF, Ltd. 12,700 12,228 * Raffles Education Corp., Ltd. 5,310 759 Raffles Medical Group, Ltd. 51,732 49,081 RHT Health Trust 49,000 32,169 Riverstone Holdings, Ltd. 18,900 14,713 SATS, Ltd. 60,160 214,343 SembCorp Marine, Ltd. 42,400 52,691 Sheng Siong Group, Ltd. 71,000 49,507 SIA Engineering Co., Ltd. 9,700 26,042 Sinarmas Land, Ltd. 101,700 31,862 Singapore Exchange, Ltd. 51,800 289,112 # Singapore Post, Ltd. 174,000 168,751 # Singapore Press Holdings, Ltd. 79,600 170,899 Singapore Technologies Engineering, Ltd. 100,300 278,898 Singapore Telecommunications, Ltd.(B02PY22) 202,500 592,765 Singapore Telecommunications, Ltd.(B02PY00) 100,800 295,114 * Sino Grandness Food Industry Group, Ltd. 75,600 12,256 Stamford Land Corp., Ltd. 32,000 12,287 # StarHub, Ltd. 61,100 123,062 Sunningdale Tech, Ltd. 16,000 23,834 * Swiber Holdings, Ltd. 50,250 756 * Tat Hong Holdings, Ltd. 24,000 6,546 UMS Holdings, Ltd. 30,800 24,076 United Engineers, Ltd. 47,800 92,339 United Industrial Corp., Ltd. 35,700 84,542 United Overseas Bank, Ltd. 41,675 737,464 UOB-Kay Hian Holdings, Ltd. 11,000 11,200 UOL Group, Ltd. 49,551 288,309 Valuetronics Holdings, Ltd. 39,610 23,667 Venture Corp., Ltd. 17,300 168,064 Wheelock Properties Singapore, Ltd. 25,300 34,900 Wing Tai Holdings, Ltd. 57,900 87,132 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) * Yongnam Holdings, Ltd. 42,375 $ 7,349 ---------- TOTAL SINGAPORE 7,910,338 ---------- SPAIN -- (2.5%) Abertis Infraestructuras SA 30,481 600,995 Acciona SA 6,090 520,570 Acerinox SA 3,283 42,147 ACS Actividades de Construccion y Servicios SA 10,103 386,910 Adveo Group International SA 590 2,195 Aena SA 2,925 571,685 Almirall SA 3,589 34,713 Amadeus IT Group SA 27,289 1,679,744 #* Amper SA 34,357 9,690 Applus Services SA 9,723 125,230 Atresmedia Corp. de Medios de Comunicacion SA 7,141 83,813 Banco Bilbao Vizcaya Argentaria SA 38,095 344,676 # Banco Bilbao Vizcaya Argentaria SA Sponsored ADR 125,841 1,142,639 Banco de Sabadell SA 469,164 1,047,700 Banco Santander SA 288,646 1,965,153 # Banco Santander SA Sponsored ADR 12,974 88,484 Bankia SA 162,583 821,746 Bankinter SA 44,342 431,554 * Baron de Ley 128 16,275 Bolsas y Mercados Espanoles SHMSF SA 546 20,026 CaixaBank SA 119,913 624,584 Cellnex Telecom SA 4,161 93,591 Construcciones y Auxiliar de Ferrocarriles SA 770 34,238 * eDreams ODIGEO SA 3,371 11,734 Elecnor SA 786 10,832 Enagas SA 36,997 1,045,646 Ence Energia y Celulosa SA 4,098 17,464 Ercros SA 3,762 13,668 Euskaltel SA 3,760 38,445 Faes Farma SA 15,040 47,699 Ferrovial SA 23,338 503,289 Gas Natural SDG SA 9,209 215,528 Grifols SA 7,684 215,613 Grupo Catalana Occidente SA 2,622 116,643 #* Grupo Ezentis SA 27,571 23,390 * Indra Sistemas SA 12,984 200,893 Inmobiliaria Colonial SA 15,430 143,923 Laboratorios Farmaceuticos Rovi SA 843 16,026 * Liberbank SA 29,846 34,378 Mapfre SA 116,063 432,314 Mediaset Espana Comunicacion SA 28,966 365,082 NH Hotel Group SA 8,316 55,403 Obrascon Huarte Lain SA 12,647 53,107 Papeles y Cartones de Europa SA 4,304 37,758 * Pescanova SA 1,279 2,088 * Promotora de Informaciones SA Class A 4,928 18,645 Prosegur Cia de Seguridad SA 26,064 178,144 * Realia Business SA 12,564 16,249 Red Electrica Corp. SA 38,402 822,701 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SPAIN -- (Continued) * Sacyr SA 22,627 $ 60,377 Saeta Yield SA 5,442 62,445 Siemens Gamesa Renewable Energy SA 25,380 415,247 Talgo SA 7,027 40,613 Tecnicas Reunidas SA 4,690 166,312 Telefonica SA 176,476 1,998,237 Telefonica SA Sponsored ADR 24,925 281,154 * Tubacex SA 7,070 27,672 * Tubos Reunidos SA 1,662 2,112 Vidrala SA 564 43,973 * Vocento SA 844 1,572 Zardoya Otis SA 14,852 155,802 ----------- TOTAL SPAIN 18,580,536 ----------- SWEDEN -- (3.7%) Acando AB 12,563 42,325 AddLife AB 927 19,101 AddNode Group AB 34 303 AddTech AB Class B 2,966 57,859 AF AB Class B 7,025 153,878 Alfa Laval AB 22,803 509,273 Alimak Group AB 1,631 28,277 Assa Abloy AB Class B 31,638 677,779 Atlas Copco AB Class A 30,248 1,094,001 Atlas Copco AB Class B 17,529 567,692 # Atrium Ljungberg AB Class B 2,034 34,733 Attendo AB 838 10,543 # Avanza Bank Holding AB 3,110 128,317 Axfood AB 14,738 248,212 Beijer Alma AB 1,735 50,672 Beijer Ref AB 522 15,681 Bergman & Beving AB 2,281 28,259 Betsson AB 3,966 38,141 Bilia AB Class A 6,304 60,904 BillerudKorsnas AB 22,695 358,862 BioGaia AB Class B 2,273 84,748 # Bjorn Borg AB 385 1,598 Boliden AB 27,923 876,616 Bonava AB 993 17,259 Bonava AB Class B 6,560 114,789 Bufab AB 1,147 12,859 Bulten AB 2,524 38,456 Bure Equity AB 6,458 79,344 # Byggmax Group AB 8,649 69,907 Castellum AB 19,162 297,846 Catena AB 724 12,525 Clas Ohlson AB Class B 5,003 102,850 Cloetta AB Class B 3,846 13,764 Com Hem Holding AB 15,782 230,487 Concentric AB 3,663 57,474 Dedicare AB Class B 813 13,357 Dios Fastigheter AB 6,925 40,493 Doro AB 4,193 26,220 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) Duni AB 4,395 $ 63,698 Dustin Group AB 4,757 39,902 Eastnine AB 1,441 12,310 Elanders AB Class B 1,312 15,636 Electrolux AB Series B 12,602 430,931 Elekta AB Class B 26,751 257,472 #* Eltel AB 8,642 27,488 Fabege AB 17,185 339,427 * Fastighets AB Balder Class B 7,138 181,613 Fenix Outdoor International AG 157 16,589 #* Fingerprint Cards AB Class B 28,611 133,799 Getinge AB Class B 17,603 305,568 Granges AB 9,620 106,338 Gunnebo AB 1,977 10,526 * Haldex AB 3,031 40,457 Hemfosa Fastigheter AB 10,474 128,489 Hennes & Mauritz AB Class B 41,769 1,089,760 Hexagon AB Class B 7,616 376,316 Hexpol AB 30,998 317,045 HIQ International AB 2,384 15,940 # Hoist Finance AB 3,734 41,379 Holmen AB Class B 6,451 291,363 Hufvudstaden AB Class A 10,033 174,639 Husqvarna AB Class A 3,992 40,268 Husqvarna AB Class B 21,230 215,966 # ICA Gruppen AB 5,747 230,277 Indutrade AB 10,235 252,480 Intrum Justitia AB 6,686 217,558 Inwido AB 2,213 27,821 # ITAB Shop Concept AB Class B 2,638 22,774 JM AB 13,383 469,731 KappAhl AB 5,248 29,856 Kindred Group P.L.C. 32,594 362,750 Klovern AB Class B 34,984 44,691 KNOW IT AB 1,186 19,117 Kungsleden AB 12,169 80,041 Lagercrantz Group AB Class B 3,051 34,546 Lifco AB Class B 2,002 66,747 Lindab International AB 7,293 76,688 Loomis AB Class B 10,320 383,409 * Medivir AB Class B 1,257 10,424 # Mekonomen AB 2,114 44,519 # Millicom International Cellular SA 8,594 538,513 Modern Times Group MTG AB Class B 8,629 299,892 * Momentum Group AB Class B 2,281 23,520 # MQ Holding AB 2,128 8,325 Mycronic AB 411 4,284 NCC AB Class B 9,598 249,737 # Nederman Holding AB 500 14,262 NetEnt AB 15,571 150,243 New Wave Group AB Class B 7,958 55,439 Nibe Industrier AB Class B 32,522 310,068 Nobia AB 10,938 112,300 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWEDEN -- (Continued) Nobina AB 487 $ 2,400 Nolato AB Class B 1,124 49,360 Nordea Bank AB 99,487 1,255,315 NP3 Fastigheter AB 2,467 14,576 Opus Group AB 14,527 12,678 Oriflame Holding AG 6,031 231,533 Pandox AB 5,165 92,905 Peab AB 17,737 208,202 Pricer AB Class B 19,436 23,476 Proact IT Group AB 1,939 49,589 # Probi AB 422 19,333 #* Qliro Group AB 5,322 10,951 # Ratos AB Class B 23,149 110,586 * RaySearch Laboratories AB 2,607 63,811 Saab AB Class B 6,132 284,522 Sagax AB Class B 1,654 20,772 Sandvik AB 48,550 765,080 Sectra AB Class B 1,124 21,231 Securitas AB Class B 20,750 345,557 Skandinaviska Enskilda Banken AB Class A 67,386 853,398 Skandinaviska Enskilda Banken AB Class C 1,278 16,033 Skanska AB Class B 18,634 423,428 SKF AB Class A 2,127 42,374 SKF AB Class B 27,441 545,421 SkiStar AB 2,503 55,656 Svenska Cellulosa AB SCA Class A 1,235 12,760 Svenska Cellulosa AB SCA Class B 23,531 194,834 Svenska Handelsbanken AB Class A 61,026 908,317 Svenska Handelsbanken AB Class B 988 14,734 Sweco AB Class B 5,441 132,886 Swedbank AB Class A 20,590 536,933 * Swedish Orphan Biovitrum AB 12,466 189,821 Systemair AB 348 5,907 Tele2 AB Class B 15,301 182,109 # Telefonaktiebolaget LM Ericsson Class A 1,595 10,337 Telefonaktiebolaget LM Ericsson Class B 33,685 218,023 Telefonaktiebolaget LM Ericsson Sponsored ADR 67,310 432,130 Telia Co. AB 265,372 1,247,476 Thule Group AB 8,079 157,224 Trelleborg AB Class B 7,922 186,583 Victoria Park AB Class B 7,662 26,076 Vitrolife AB 1,098 88,941 Volvo AB Class A 16,700 283,499 Volvo AB Class B 105,859 1,798,058 Wallenstam AB Class B 14,425 146,860 Wihlborgs Fastigheter AB 6,388 155,385 ----------- TOTAL SWEDEN 27,475,415 ----------- SWITZERLAND -- (6.9%) ABB, Ltd. 35,023 820,460 ABB, Ltd. Sponsored ADR 40,420 949,870 Adecco Group AG 21,826 1,665,171 Allreal Holding AG 1,524 277,107 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) ALSO Holding AG 381 $ 49,824 ams AG 5,512 397,231 APG SGA SA 178 80,287 * Arbonia AG 3,987 75,858 Aryzta AG 5,900 189,596 Ascom Holding AG 3,564 70,586 Autoneum Holding AG 171 41,091 Baloise Holding AG 4,608 740,349 Bank Cler AG 211 9,481 Banque Cantonale de Geneve 44 7,259 Banque Cantonale Vaudoise 219 158,446 Belimo Holding AG 22 91,220 Bell Food Group AG 106 48,779 Bellevue Group AG 1,265 25,306 # Berner Kantonalbank AG 362 68,564 BFW Liegenschaften AG 385 18,251 BKW AG 1,901 108,322 Bobst Group SA 1,036 115,344 Bossard Holding AG Class A 625 135,157 Bucher Industries AG 753 251,086 # Burckhardt Compression Holding AG 471 139,896 Burkhalter Holding AG 458 64,889 Calida Holding AG 274 11,019 Carlo Gavazzi Holding AG 32 11,680 Cembra Money Bank AG 2,481 222,559 * Cicor Technologies, Ltd. 223 11,715 Cie Financiere Richemont SA 24,595 2,090,824 Cie Financiere Tradition SA 170 15,621 Clariant AG 32,662 758,984 Coltene Holding AG 282 29,171 Conzzeta AG 86 89,998 Credit Suisse Group AG 59,509 914,753 Credit Suisse Group AG Sponsored ADR 2,975 45,668 Daetwyler Holding AG 667 109,015 DKSH Holding AG 1,238 97,422 dormakaba Holding AG 314 279,881 * Dufry AG 3,795 604,565 # EFG International AG 12,367 91,830 Emmi AG 350 246,590 EMS-Chemie Holding AG 477 331,905 Feintool International Holding AG 280 34,195 Flughafen Zurich AG 1,891 482,278 Forbo Holding AG 102 154,871 GAM Holding AG 18,896 297,914 Geberit AG 1,100 529,050 Georg Fischer AG 301 342,340 Givaudan SA 782 1,555,873 Gurit Holding AG 43 51,668 Helvetia Holding AG 964 538,804 # HOCHDORF Holding AG 97 29,086 Huber & Suhner AG 1,582 112,745 Hypothekarbank Lenzburg AG 6 28,169 * Idorsia, Ltd. 7,890 147,690 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) Implenia AG 1,805 $ 133,488 Inficon Holding AG 194 106,393 Interroll Holding AG 37 48,513 Intershop Holding AG 24 11,870 Julius Baer Group, Ltd. 12,848 727,287 Kardex AG 765 84,317 Komax Holding AG 476 139,040 Kudelski SA 3,540 56,362 Kuehne + Nagel International AG 4,420 769,715 LEM Holding SA 36 43,557 Liechtensteinische Landesbank AG 694 35,094 Logitech International SA(H50430232) 2,298 82,820 Logitech International SA(B18ZRK2) 11,748 426,394 Luzerner Kantonalbank AG 258 116,013 Metall Zug AG Class B 9 37,659 #* Meyer Burger Technology AG 3,607 5,668 Mobilezone Holding AG 2,139 30,966 Mobimo Holding AG 474 135,312 Novartis AG 15,948 1,358,414 Novartis AG Sponsored ADR 35,448 3,020,170 # OC Oerlikon Corp. AG 27,198 397,933 Orior AG 397 29,597 # Panalpina Welttransport Holding AG 1,847 233,844 Partners Group Holding AG 1,528 991,929 # Phoenix Mecano AG 30 17,453 Plazza AG Class A 29 6,896 PSP Swiss Property AG 3,488 317,371 Rieter Holding AG 364 84,300 Roche Holding AG(7108918) 1,257 324,084 Roche Holding AG(7110388) 32,358 8,192,052 Schindler Holding AG 1,235 259,716 Schweiter Technologies AG 139 182,646 SFS Group AG 1,301 148,001 SGS SA 290 640,954 Siegfried Holding AG 284 82,590 Sika AG 219 1,509,185 Sonova Holding AG 6,393 1,036,889 St Galler Kantonalbank AG 252 112,249 Straumann Holding AG 1,632 921,620 Sulzer AG 1,542 172,995 Sunrise Communications Group AG 3,709 292,507 Swatch Group AG (The)(7184725) 1,268 503,092 Swatch Group AG (The)(7184736) 2,330 179,466 Swiss Life Holding AG 2,422 883,915 Swiss Prime Site AG 6,050 546,145 Swiss Re AG 18,300 1,764,343 Swisscom AG 3,110 1,520,049 Swissquote Group Holding SA 1,149 33,091 Tamedia AG 193 29,742 Tecan Group AG 549 102,391 Temenos Group AG 6,307 609,674 u-blox Holding AG 750 148,932 UBS Group AG(BRJL176) 67,508 1,173,996 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) * UBS Group AG(H42097107) 33,777 $ 588,733 Valiant Holding AG 1,925 226,913 Valora Holding AG 330 109,542 Vaudoise Assurances Holding SA 113 62,863 Vetropack Holding AG 6 12,669 Vifor Pharma AG 6,320 674,620 * Von Roll Holding AG 4,126 6,195 Vontobel Holding AG 3,705 246,474 VP Bank AG 150 18,892 VZ Holding AG 200 64,412 Walliser Kantonalbank 563 55,453 Walter Meier AG 300 13,953 Warteck Invest AG 6 12,162 # Ypsomed Holding AG 270 42,158 Zehnder Group AG 827 29,032 # Zug Estates Holding AG Class B 8 15,316 Zuger Kantonalbank AG 8 44,219 Zurich Insurance Group AG 5,502 1,676,897 ----------- TOTAL SWITZERLAND 51,586,515 ----------- UNITED KINGDOM -- (14.3%) 3i Group P.L.C. 116,747 1,441,257 4imprint Group P.L.C. 1,482 30,891 888 Holdings P.L.C. 16,700 56,742 A.G. Barr P.L.C. 11,661 92,166 AA P.L.C. 46,183 148,821 Aberdeen Asset Management P.L.C. 88,440 384,441 Acacia Mining P.L.C. 12,562 28,898 Admiral Group P.L.C. 19,503 532,041 Amec Foster Wheeler P.L.C. 33,217 194,848 Anglo Pacific Group P.L.C. 11,214 17,329 Anglo-Eastern Plantations P.L.C. 2,490 27,764 Antofagasta P.L.C. 25,361 316,709 Arrow Global Group P.L.C. 16,535 95,363 Ashmore Group P.L.C. 50,964 241,943 Ashtead Group P.L.C. 31,016 666,357 AstraZeneca P.L.C. 14,828 883,794 # AstraZeneca P.L.C. Sponsored ADR 65,296 1,970,633 Auto Trader Group P.L.C. 125,955 636,131 AVEVA Group P.L.C. 6,218 162,786 Aviva P.L.C. 147,111 1,045,672 Avon Rubber P.L.C. 1,252 16,534 B&M European Value Retail SA 76,934 365,634 Babcock International Group P.L.C. 51,112 569,371 BAE Systems P.L.C. 166,763 1,323,069 Balfour Beatty P.L.C. 29,963 104,300 Barratt Developments P.L.C. 140,955 1,144,795 BBA Aviation P.L.C. 74,287 293,800 Beazley P.L.C. 76,314 515,737 Bellway P.L.C. 22,196 934,644 Berendsen P.L.C. 10,386 174,708 Berkeley Group Holdings P.L.C. 21,417 987,718 Bloomsbury Publishing P.L.C. 3,636 8,621 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Bodycote P.L.C. 33,007 $ 396,245 Bovis Homes Group P.L.C. 20,377 272,037 Brewin Dolphin Holdings P.L.C. 27,594 130,783 Britvic P.L.C. 34,666 326,444 BT Group P.L.C. 342,510 1,417,408 BT Group P.L.C. Sponsored ADR 1,200 25,068 * BTG P.L.C. 12,349 107,353 Bunzl P.L.C. 16,466 497,168 Burberry Group P.L.C. 49,707 1,121,264 * Cairn Energy P.L.C. 26,233 62,279 * Cambian Group P.L.C. 6,334 16,327 Cape P.L.C. 7,952 27,420 Capita P.L.C. 52,160 453,214 Capital & Counties Properties P.L.C. 65,276 248,137 Card Factory P.L.C. 17,751 71,715 # Carillion P.L.C. 48,256 36,135 Castings P.L.C. 1,710 10,439 Chemring Group P.L.C. 11,919 28,160 Chesnara P.L.C. 5,626 28,326 * Circassia Pharmaceuticals P.L.C. 9,031 10,556 City of London Investment Group P.L.C. 3,231 17,721 Clarkson P.L.C. 659 23,260 Close Brothers Group P.L.C. 14,937 303,713 CLS Holdings P.L.C. 5,570 15,644 Cobham P.L.C. 153,551 268,971 Communisis P.L.C. 24,464 15,366 Compass Group P.L.C. 94,862 2,024,081 Computacenter P.L.C. 4,785 55,836 Connect Group P.L.C. 6,231 9,126 Consort Medical P.L.C. 1,846 25,941 Costain Group P.L.C. 13,854 85,651 Countrywide P.L.C. 9,490 19,283 Cranswick P.L.C. 4,645 177,841 Crest Nicholson Holdings P.L.C. 45,175 320,757 Croda International P.L.C. 13,478 657,676 Daejan Holdings P.L.C. 150 12,903 Daily Mail & General Trust P.L.C. 28,765 241,925 DCC P.L.C. 14,204 1,248,708 De La Rue P.L.C. 6,296 55,424 Debenhams P.L.C. 50,413 28,603 Dechra Pharmaceuticals P.L.C. 3,333 77,984 Devro P.L.C. 19,550 55,692 Diageo P.L.C. 15,439 498,633 Diageo P.L.C. Sponsored ADR 15,800 2,063,006 Dignity P.L.C. 2,016 67,776 Diploma P.L.C. 19,035 270,875 Direct Line Insurance Group P.L.C. 139,172 687,801 Dixons Carphone P.L.C. 101,558 360,706 Domino's Pizza Group P.L.C. 42,089 147,915 DS Smith P.L.C. 94,166 599,850 Dunelm Group P.L.C. 9,219 73,256 * EI Group P.L.C. 94,943 178,309 Electrocomponents P.L.C. 56,415 461,729 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Elementis P.L.C. 35,377 $ 138,282 * EnQuest P.L.C. 80,655 35,804 Entertainment One, Ltd. 7,131 22,422 esure Group P.L.C. 30,757 120,145 Euromoney Institutional Investor P.L.C. 1,141 16,678 Experian P.L.C. 78,652 1,562,520 FDM Group Holdings P.L.C. 1,596 19,346 Fenner P.L.C. 8,735 39,690 Fidessa Group P.L.C. 2,085 62,219 * Findel P.L.C. 1,988 4,751 Foxtons Group P.L.C. 29,595 35,060 Fresnillo P.L.C. 4,385 88,990 Fuller Smith & Turner P.L.C. Class A 636 8,538 G4S P.L.C. 180,612 783,983 Galliford Try P.L.C. 9,950 177,923 * Gem Diamonds, Ltd. 3,300 3,583 GlaxoSmithKline P.L.C. 19,090 380,024 GlaxoSmithKline P.L.C. Sponsored ADR 43,653 1,768,820 * Gocompare.Com Group P.L.C. 29,106 43,431 Grafton Group P.L.C. 14,058 142,378 Grainger P.L.C. 58,264 202,163 Greencore Group P.L.C. 34,452 101,690 Greene King P.L.C. 17,515 158,225 GVC Holdings P.L.C. 11,251 114,110 Halfords Group P.L.C. 22,396 98,530 Halma P.L.C. 37,174 538,821 Hargreaves Lansdown P.L.C. 18,777 341,658 Hastings Group Holdings P.L.C. 9,697 39,241 Hays P.L.C. 261,383 574,813 Headlam Group P.L.C. 3,793 29,426 Helical P.L.C. 18,082 82,497 Hill & Smith Holdings P.L.C. 7,463 131,905 Hilton Food Group P.L.C. 4,430 39,519 Hiscox, Ltd. 32,436 555,705 Hochschild Mining P.L.C. 32,856 137,280 HomeServe P.L.C. 32,301 308,756 Howden Joinery Group P.L.C. 56,584 317,372 HSBC Holdings P.L.C. 73,078 731,869 # HSBC Holdings P.L.C. Sponsored ADR 74,328 3,723,090 * Hunting P.L.C. 21,724 134,449 Huntsworth P.L.C. 14,305 13,916 IG Group Holdings P.L.C. 35,530 298,438 * Imagination Technologies Group P.L.C. 4,965 9,450 IMI P.L.C. 31,134 494,425 Inchcape P.L.C. 43,642 462,622 Indivior P.L.C. 101,063 511,603 Informa P.L.C. 129,571 1,188,403 Inmarsat P.L.C. 60,844 622,688 Intermediate Capital Group P.L.C. 24,610 294,267 Interserve P.L.C. 9,548 28,413 Intertek Group P.L.C. 14,128 801,416 Investec P.L.C. 44,355 336,787 IP Group P.L.C.(BZ3T570) 657 22 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) * IP Group P.L.C.(B128J45) 8,538 $ 16,033 ITE Group P.L.C. 45,418 108,367 ITV P.L.C. 225,324 515,272 IWG P.L.C. 68,879 298,434 J Sainsbury P.L.C. 179,986 581,528 * Jackpotjoy P.L.C. 200 1,780 James Fisher & Sons P.L.C. 4,770 98,740 Jardine Lloyd Thompson Group P.L.C. 12,397 194,091 JD Sports Fashion P.L.C. 49,930 236,013 * Jimmy Choo P.L.C. 69 208 John Laing Group P.L.C. 3,278 13,529 John Menzies P.L.C. 9,439 87,320 John Wood Group P.L.C. 29,989 242,028 Johnson Matthey P.L.C. 18,590 688,990 Jupiter Fund Management P.L.C. 73,540 517,415 * Just Eat P.L.C. 20,432 167,356 Just Group P.L.C. 12,533 24,309 Kainos Group P.L.C. 3,384 12,942 KCOM Group P.L.C. 54,962 66,544 Keller Group P.L.C. 4,706 54,725 Kier Group P.L.C. 5,533 94,035 Kingfisher P.L.C. 123,079 477,640 Ladbrokes Coral Group P.L.C. 55,434 92,504 Laird P.L.C. 23,096 45,573 * Lamprell P.L.C. 15,273 19,952 Lancashire Holdings, Ltd. 19,221 184,420 Legal & General Group P.L.C. 476,445 1,686,957 * Liberty Global P.L.C. Class A 1,556 52,671 * Liberty Global P.L.C. Series C 3,809 124,821 #* Liberty Global P.L.C. LiLAC Class A 200 5,144 * Liberty Global P.L.C. LiLAC Class C 489 12,479 Lloyds Banking Group P.L.C. 1,128,070 975,258 # Lloyds Banking Group P.L.C. ADR 42,774 150,564 London Stock Exchange Group P.L.C. 1,990 98,514 Lookers P.L.C. 33,010 47,816 Low & Bonar P.L.C. 19,043 21,610 LSL Property Services P.L.C. 4,773 15,998 Man Group P.L.C. 95,527 201,670 Marks & Spencer Group P.L.C. 163,830 696,297 Marshalls P.L.C. 25,658 129,875 McBride P.L.C. 21,025 52,436 Mears Group P.L.C. 5,273 34,386 Mediclinic International P.L.C. 14,601 142,619 Meggitt P.L.C. 64,037 425,030 Melrose Industries P.L.C. 138,775 425,488 Merlin Entertainments P.L.C. 36,257 224,503 Micro Focus International P.L.C. 36,702 1,080,821 Millennium & Copthorne Hotels P.L.C. 5,965 36,016 Mitchells & Butlers P.L.C. 217 692 Mitie Group P.L.C. 48,332 169,876 Mondi P.L.C. 6,466 170,311 Moneysupermarket.com Group P.L.C. 82,496 361,194 Morgan Sindall Group P.L.C. 2,809 50,764 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) N Brown Group P.L.C. 15,969 $ 65,766 National Grid P.L.C. 48,687 602,446 National Grid P.L.C. Sponsored ADR 7,552 472,102 Next P.L.C. 7,253 378,066 Norcros P.L.C. 4,809 11,376 Northgate P.L.C. 16,590 94,627 Novae Group P.L.C. 4,875 45,401 #* Ocado Group P.L.C. 23,234 92,300 On the Beach Group P.L.C. 6,895 42,354 OneSavings Bank P.L.C. 10,371 53,959 * Ophir Energy P.L.C. 50,161 48,287 Oxford Instruments P.L.C. 4,148 57,214 Pagegroup P.L.C. 53,273 344,358 Paragon Group of Cos. P.L.C. (The) 6,529 37,283 PayPoint P.L.C. 1,450 17,136 * Paysafe Group P.L.C. 45,443 353,693 Pearson P.L.C. 17,258 149,352 Pearson P.L.C. Sponsored ADR 25,246 217,116 Pendragon P.L.C. 46,943 18,557 Pennon Group P.L.C. 17,550 186,539 Persimmon P.L.C. 46,715 1,543,507 Petrofac, Ltd. 25,376 149,941 * Petropavlovsk P.L.C. 2,951 285 Pets at Home Group P.L.C. 33,107 71,078 Phoenix Group Holdings 14,713 148,174 Photo-Me International P.L.C. 6,040 13,054 Playtech P.L.C. 25,133 318,498 Polypipe Group P.L.C. 10,351 54,884 Porvair P.L.C. 1,478 9,924 * Premier Foods P.L.C. 44,530 23,066 Provident Financial P.L.C. 16,309 443,978 Prudential P.L.C. 14,127 344,706 Prudential P.L.C. ADR 26,956 1,320,035 PZ Cussons P.L.C. 16,911 81,011 QinetiQ Group P.L.C. 57,407 182,593 Rank Group P.L.C. 7,595 23,456 Rathbone Brothers P.L.C. 3,073 108,320 * Raven Russia, Ltd. 5,054 3,237 Reckitt Benckiser Group P.L.C. 23,620 2,296,509 Redrow P.L.C. 32,973 257,664 RELX P.L.C. 12,196 265,645 RELX P.L.C. Sponsored ADR 38,416 849,378 Renewi P.L.C. 14,590 17,698 Renishaw P.L.C. 3,619 198,922 Rentokil Initial P.L.C. 119,006 456,092 Ricardo P.L.C. 1,818 18,518 Rightmove P.L.C. 14,462 802,260 Rolls-Royce Holdings P.L.C. 117,808 1,380,347 Rotork P.L.C. 97,561 298,016 Royal Mail P.L.C. 60,345 320,877 RPC Group P.L.C. 37,456 442,872 RPS Group P.L.C. 29,219 105,109 RSA Insurance Group P.L.C. 50,054 430,955 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Sage Group P.L.C. (The) 52,063 $ 462,995 Savills P.L.C. 21,727 262,010 Schroders P.L.C.(0239581) 2,161 70,180 Schroders P.L.C.(0240549) 8,036 365,171 SDL P.L.C. 2,041 17,320 Senior P.L.C. 35,351 115,972 * Serco Group P.L.C. 93,708 137,195 Servelec Group P.L.C. 2,219 8,448 Severfield P.L.C. 19,906 19,472 Severn Trent P.L.C. 23,265 687,885 Shire P.L.C. 16,127 901,538 Shire P.L.C. ADR 2,234 374,284 SIG P.L.C. 57,355 125,279 Sky P.L.C. 48,476 617,785 Smith & Nephew P.L.C. Sponsored ADR 22,655 798,589 Smiths Group P.L.C. 41,864 847,950 Soco International P.L.C. 16,678 26,666 Softcat P.L.C. 1,514 7,967 Spectris P.L.C. 11,287 366,347 Speedy Hire P.L.C. 13,614 9,788 Spirax-Sarco Engineering P.L.C. 6,269 460,107 Spire Healthcare Group P.L.C. 7,041 32,028 Spirent Communications P.L.C. 33,545 52,381 * Sports Direct International P.L.C. 13,700 68,543 SSE P.L.C. 86,313 1,570,758 SSP Group P.L.C. 45,371 304,984 St James's Place P.L.C. 83,903 1,347,680 St. Ives P.L.C. 1,554 1,127 St. Modwen Properties P.L.C. 34,762 164,347 * Standard Chartered P.L.C. 36,575 408,845 Standard Life P.L.C. 105,495 607,240 Sthree P.L.C. 6,303 26,449 Stobart Group, Ltd. 9,134 33,181 STV Group P.L.C. 2,401 12,330 SuperGroup P.L.C. 5,275 104,309 Synthomer P.L.C. 40,792 263,630 # TalkTalk Telecom Group P.L.C. 74,276 176,168 Tarsus Group P.L.C. 6,886 27,243 Taylor Wimpey P.L.C. 404,209 1,015,211 Ted Baker P.L.C. 3,401 112,864 Telecom Plus P.L.C. 10,888 164,534 * Tesco P.L.C. 408,772 939,568 Topps Tiles P.L.C. 11,525 12,591 TP ICAP P.L.C. 17,147 110,029 Travis Perkins P.L.C. 21,313 426,864 Trifast P.L.C. 3,680 10,759 Trinity Mirror P.L.C. 29,743 41,022 TT Electronics P.L.C. 11,738 32,931 * Tullow Oil P.L.C. 22,307 49,615 U & I Group P.L.C. 8,103 20,108 UBM P.L.C. 46,099 440,176 UDG Healthcare P.L.C. 15,826 176,691 Ultra Electronics Holdings P.L.C. 8,696 240,344 INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ UNITED KINGDOM -- (Continued) Unilever P.L.C. 21,424 $ 1,221,869 Unilever P.L.C. Sponsored ADR 34,389 1,959,829 United Utilities Group P.L.C. 80,360 952,306 * Vectura Group P.L.C. 33,399 50,238 Vesuvius P.L.C. 6,772 48,537 Victrex P.L.C. 11,632 302,728 Virgin Money Holdings UK P.L.C. 25,506 95,969 Vodafone Group P.L.C. 540,363 1,583,993 Vodafone Group P.L.C. Sponsored ADR 2,548 75,630 Weir Group P.L.C. (The) 8,600 208,159 WH Smith P.L.C. 10,411 241,861 Whitbread P.L.C. 5,183 263,193 William Hill P.L.C. 79,420 262,496 Wincanton P.L.C. 8,273 28,072 * Wizz Air Holdings P.L.C. 512 17,573 WM Morrison Supermarkets P.L.C. 193,064 612,322 Wolseley P.L.C. 14,980 894,399 Worldpay Group P.L.C. 212,999 1,039,395 WPP P.L.C. 19,286 393,315 WPP P.L.C. Sponsored ADR 6,805 693,838 Xaar P.L.C. 1,636 9,122 XP Power, Ltd. 435 15,123 ZPG P.L.C. 30,839 148,565 ------------ TOTAL UNITED KINGDOM 106,028,242 ------------ UNITED STATES -- (0.0%) * Janus Henderson Group P.L.C. 7,746 255,822 ------------ TOTAL COMMON STOCKS 703,087,136 ------------ PREFERRED STOCKS -- (0.3%) GERMANY -- (0.3%) Bayerische Motoren Werke AG 2,864 228,223 * Biotest AG 1,414 38,450 Draegerwerk AG & Co. KGaA 632 67,996 Fuchs Petrolub SE 6,706 398,104 Henkel AG & Co. KGaA 2,677 379,192 Jungheinrich AG 9,681 384,161 Porsche Automobil Holding SE 4,801 274,776 # Sartorius AG 3,191 301,597 Schaeffler AG 8,471 118,105 Sixt SE 2,841 161,361 STO SE & Co. KGaA 221 31,210 Villeroy & Boch AG 866 18,489 ------------ TOTAL GERMANY 2,401,664 ------------ TOTAL PREFERRED STOCKS 2,401,664 ------------ INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Link Administration Holdings, Ltd. Rights 07/17/17 9,188 $ -- ------------ AUSTRIA -- (0.0%) * Intercell AG Rights 05/16/13 265 -- ------------ TOTAL RIGHTS/WARRANTS -- ------------ TOTAL INVESTMENT SECURITIES 705,488,800 ------------ VALUE+ ------------ SECURITIES LENDING COLLATERAL -- (5.1%) (S)@ DFA Short Term Investment Fund 3,292,884 38,105,255 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $621,898,722)^^ $743,594,055 ============ INTERNATIONAL SUSTAINABILITY CORE 1 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia $ 334,010 $ 36,560,387 -- $ 36,894,397 Austria -- 2,800,109 -- 2,800,109 Belgium -- 7,930,499 -- 7,930,499 Canada 54,375,950 -- -- 54,375,950 Denmark 621,796 16,270,962 -- 16,892,758 Finland 131,040 11,805,934 -- 11,936,974 France 305,972 62,445,966 -- 62,751,938 Germany 3,392,642 48,231,530 -- 51,624,172 Hong Kong 37,532 15,606,307 -- 15,643,839 Ireland 1,007,407 2,599,527 -- 3,606,934 Israel 587,621 3,000,873 -- 3,588,494 Italy 179,701 21,508,302 -- 21,688,003 Japan 4,709,729 160,951,910 -- 165,661,639 Netherlands 5,699,678 20,356,210 -- 26,055,888 New Zealand 14,335 2,966,603 -- 2,980,938 Norway 25,201 5,609,597 -- 5,634,798 Portugal -- 1,182,938 -- 1,182,938 Singapore -- 7,910,338 -- 7,910,338 Spain 1,514,365 17,066,171 -- 18,580,536 Sweden 455,650 27,019,765 -- 27,475,415 Switzerland 4,834,951 46,751,564 -- 51,586,515 United Kingdom 16,657,097 89,371,145 -- 106,028,242 United States -- 255,822 -- 255,822 Preferred Stocks Germany -- 2,401,664 -- 2,401,664 Securities Lending Collateral -- 38,105,255 -- 38,105,255 ----------- ------------ -- ------------ TOTAL $94,884,677 $648,709,378 -- $743,594,055 =========== ============ == ============ INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------- ---------- COMMON STOCKS -- (94.8%) AUSTRALIA -- (6.1%) # Adelaide Brighton, Ltd. 46,171 $ 207,769 AGL Energy, Ltd. 14,369 277,088 ALS, Ltd. 55,864 331,681 Altium, Ltd. 9,863 68,972 # Alumina, Ltd. 319,299 484,975 # AMA Group, Ltd. 5,769 4,706 # Amaysim Australia, Ltd. 16,048 20,536 Amcor, Ltd. 19,918 244,502 AMP, Ltd. 276,209 1,190,726 # AP Eagers, Ltd. 9,681 70,366 APA Group 29,646 204,522 # APN Outdoor Group, Ltd. 15,365 56,649 Appen, Ltd. 6,371 21,233 ARB Corp., Ltd. 7,291 89,379 # Ardent Leisure Group 44,478 74,344 #* Arrium, Ltd. 91,938 1,379 Asaleo Care, Ltd. 78,973 84,077 ASX, Ltd. 870 36,388 AUB Group, Ltd. 2,532 26,100 Aurizon Holdings, Ltd. 88,081 353,535 Ausdrill, Ltd. 43,252 67,319 AusNet Services 86,184 112,728 # Australia & New Zealand Banking Group, Ltd. 90,753 2,151,676 * Australian Agricultural Co., Ltd. 61,651 81,605 Australian Pharmaceutical Industries, Ltd. 62,114 87,213 # Automotive Holdings Group, Ltd. 34,642 106,140 Aveo Group 42,985 83,565 * AWE, Ltd. 57,918 22,281 Baby Bunting Group, Ltd. 11,398 18,187 Bank of Queensland, Ltd. 41,989 404,748 # Bapcor, Ltd. 5,428 24,522 Beach Energy, Ltd. 224,617 122,476 * Beadell Resources, Ltd. 169,870 25,323 # Bega Cheese, Ltd. 6,318 34,726 # Bellamy's Australia, Ltd. 7,477 42,195 Bendigo & Adelaide Bank, Ltd. 48,913 435,074 # BHP Billiton, Ltd. 184,610 3,844,764 BHP Billiton, Ltd. Sponsored ADR 254 10,582 * Billabong International, Ltd. 5,101 3,265 # Blackmores, Ltd. 1,532 108,527 BlueScope Steel, Ltd. 100,579 1,059,554 Boral, Ltd. 124,895 692,127 Brambles, Ltd. 41,501 306,849 Breville Group, Ltd. 10,244 82,365 Brickworks, Ltd. 11,178 118,028 BT Investment Management, Ltd. 17,394 149,687 # Cabcharge Australia, Ltd. 20,194 35,229 Caltex Australia, Ltd. 9,133 227,601 Capilano Honey, Ltd. 1,432 18,891 * Cardno, Ltd. 38,646 38,856 carsales.com, Ltd. 25,826 255,204 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Cash Converters International, Ltd. 34,080 $ 8,996 Cedar Woods Properties, Ltd. 3,941 15,480 Challenger, Ltd. 27,002 277,497 CIMIC Group, Ltd. 3,736 123,931 Class, Ltd. 5,320 12,672 Cleanaway Waste Management, Ltd. 245,295 255,992 Coca-Cola Amatil, Ltd. 27,684 182,297 Cochlear, Ltd. 2,205 251,885 Codan, Ltd. 11,449 20,535 Collection House, Ltd. 13,772 13,395 Collins Foods, Ltd. 12,441 59,596 Commonwealth Bank of Australia 34,393 2,304,154 Computershare, Ltd. 28,363 319,127 # Corporate Travel Management, Ltd. 6,851 122,447 Costa Group Holdings, Ltd. 3,638 13,912 # Credit Corp. Group, Ltd. 3,966 53,742 CSG, Ltd. 30,846 16,997 CSR, Ltd. 87,912 275,844 Data#3, Ltd. 13,503 19,198 Decmil Group, Ltd. 10,789 7,074 # Domino's Pizza Enterprises, Ltd. 5,014 213,756 #* Doray Minerals, Ltd. 20,708 3,243 Downer EDI, Ltd. 99,745 507,710 DuluxGroup, Ltd. 45,049 237,536 Eclipx Group, Ltd. 24,751 73,426 * Elders, Ltd. 9,363 38,945 #* Energy Resources of Australia, Ltd. 13,961 6,091 #* Energy World Corp., Ltd. 19,261 6,317 EQT Holdings, Ltd. 676 9,464 ERM Power, Ltd. 11,026 10,891 # Estia Health, Ltd. 2,782 6,462 Event Hospitality and Entertainment, Ltd. 17,340 182,391 # Evolution Mining, Ltd. 189,069 337,833 Fairfax Media, Ltd. 291,705 231,019 Finbar Group, Ltd. 8,281 5,567 #* Fleetwood Corp., Ltd. 12,321 26,090 FlexiGroup, Ltd. 38,288 59,136 # Flight Centre Travel Group, Ltd. 6,523 226,887 Fortescue Metals Group, Ltd. 178,537 820,594 # G8 Education, Ltd. 64,059 194,122 # Gateway Lifestyle 9,063 14,032 # GBST Holdings, Ltd. 1,530 4,041 Genworth Mortgage Insurance Australia, Ltd. 23,420 56,396 #* Gold Road Resources, Ltd. 27,671 14,328 GrainCorp, Ltd. Class A 36,235 252,995 Grange Resources, Ltd. 136,583 15,853 Greencross, Ltd. 10,077 46,518 GUD Holdings, Ltd. 7,412 70,848 GWA Group, Ltd. 41,049 106,484 Hansen Technologies, Ltd. 13,566 41,366 # Harvey Norman Holdings, Ltd. 90,698 317,130 HFA Holdings, Ltd. 13,789 28,203 HT&E, Ltd. 48,554 100,982 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) IDP Education, Ltd. 12,883 $ 53,894 Iluka Resources, Ltd. 21,603 155,958 * Imdex, Ltd. 51,724 30,202 # IMF Bentham, Ltd. 25,892 39,971 Incitec Pivot, Ltd. 176,961 451,815 # Independence Group NL 66,471 160,579 * Infigen Energy 92,551 57,042 Infomedia, Ltd. 36,201 21,439 Insurance Australia Group, Ltd. 49,858 265,912 Integrated Research, Ltd. 9,550 25,587 InvoCare, Ltd. 13,423 149,262 # IOOF Holdings, Ltd. 31,078 249,655 IRESS, Ltd. 14,239 147,010 iSelect, Ltd. 8,736 14,600 # iSentia Group, Ltd. 20,007 35,520 IVE Group, Ltd. 11,234 20,215 James Hardie Industries P.L.C. 16,741 256,335 # Japara Healthcare, Ltd. 4,989 8,144 # JB Hi-Fi, Ltd. 13,562 282,132 #* Karoon Gas Australia, Ltd. 30,457 32,932 * Kingsgate Consolidated, Ltd. 33,671 6,207 LendLease Group 38,071 513,510 Link Administration Holdings, Ltd. 54,192 334,085 #* Lynas Corp., Ltd. 645,108 69,713 MACA, Ltd. 26,930 36,190 * Macmahon Holdings, Ltd. 237,156 32,319 Macquarie Group, Ltd. 11,322 777,314 Magellan Financial Group, Ltd. 9,040 190,968 Mantra Group, Ltd. 37,200 89,608 MaxiTRANS Industries, Ltd. 11,936 6,719 #* Mayne Pharma Group, Ltd. 140,222 107,732 McMillan Shakespeare, Ltd. 6,813 78,207 Medibank Pvt, Ltd. 131,734 286,658 * Medusa Mining, Ltd. 45,149 10,693 Melbourne IT, Ltd. 10,226 23,366 #* Mesoblast, Ltd. 21,127 29,476 * Metals X, Ltd. 106,191 69,283 Michael Hill International, Ltd. 10,813 10,769 Mineral Resources, Ltd. 21,904 215,370 #* MMA Offshore, Ltd. 12,228 1,713 Monadelphous Group, Ltd. 16,064 195,974 Monash IVF Group, Ltd. 35,085 44,621 Money3 Corp., Ltd. 14,287 16,396 # Mortgage Choice, Ltd. 2,795 5,191 * Mount Gibson Iron, Ltd. 127,525 45,411 # Myer Holdings, Ltd. 121,779 73,962 MYOB Group, Ltd. 15,922 42,343 MyState, Ltd. 7,026 27,926 National Australia Bank, Ltd. 99,704 2,390,183 Navitas, Ltd. 23,128 91,871 * NetComm Wireless, Ltd. 5,013 6,709 New Hope Corp., Ltd. 16,892 21,634 Newcrest Mining, Ltd. 49,942 811,485 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) nib holdings, Ltd. 49,262 $ 226,307 Nick Scali, Ltd. 3,643 17,796 Nine Entertainment Co. Holdings, Ltd. 53,242 61,314 Northern Star Resources, Ltd. 70,617 250,175 #* NRW Holdings, Ltd. 51,124 26,748 Nufarm, Ltd. 31,055 210,226 # OFX Group, Ltd. 24,442 32,090 Oil Search, Ltd. 60,469 321,732 Orica, Ltd. 29,558 469,901 * Origin Energy, Ltd. 101,186 560,519 #* Orocobre, Ltd. 8,159 20,866 Orora, Ltd. 203,926 450,280 OZ Minerals, Ltd. 45,708 305,469 Pacific Current Group, Ltd. 2,958 16,565 Pact Group Holdings, Ltd. 20,178 92,532 #* Paladin Energy, Ltd. 157,449 5,920 * Panoramic Resources, Ltd. 95,077 19,404 Peet, Ltd. 29,651 28,241 Perpetual, Ltd. 5,274 213,009 #* Perseus Mining, Ltd. 75,538 19,173 # Platinum Asset Management, Ltd. 25,578 111,909 PMP, Ltd. 26,974 15,960 Premier Investments, Ltd. 11,311 123,458 # Prime Media Group, Ltd. 92,232 29,903 Pro Medicus, Ltd. 5,102 21,195 Programmed Maintenance Services, Ltd. 36,658 87,428 Qantas Airways, Ltd. 56,667 240,838 QBE Insurance Group, Ltd. 66,834 633,155 # Qube Holdings, Ltd. 93,123 197,966 # Quintis, Ltd. 26,787 6,429 * Ramelius Resources, Ltd. 127,013 40,850 * RCR Tomlinson, Ltd. 25,789 77,378 REA Group, Ltd. 2,678 147,719 Reckon, Ltd. 6,209 7,460 # Regis Healthcare, Ltd. 10,736 31,697 Regis Resources, Ltd. 57,035 175,778 Reject Shop, Ltd. (The) 5,557 21,725 Resolute Mining, Ltd. 118,031 101,938 # Retail Food Group, Ltd. 24,789 96,099 Ridley Corp., Ltd. 52,087 59,562 Rio Tinto, Ltd. 20,934 1,103,546 Ruralco Holdings, Ltd. 9,648 23,927 Sandfire Resources NL 37,525 174,006 * Santos, Ltd. 180,564 490,641 #* Saracen Mineral Holdings, Ltd. 90,687 98,229 Seek, Ltd. 20,945 286,400 # Select Harvests, Ltd. 8,570 33,607 #* Senex Energy, Ltd. 135,403 30,915 Servcorp, Ltd. 5,319 25,464 Service Stream, Ltd. 23,443 25,337 # Seven Group Holdings, Ltd. 15,009 143,641 Seven West Media, Ltd. 137,261 88,930 # Silver Chef, Ltd. 4,994 33,671 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- AUSTRALIA -- (Continued) #* Silver Lake Resources, Ltd. 109,241 $ 39,175 Sims Metal Management, Ltd. 26,903 334,176 * Sino Gas & Energy Holdings, Ltd. 170,274 11,573 # Sirtex Medical, Ltd. 6,914 88,978 SmartGroup Corp., Ltd. 4,243 25,416 SMS Management & Technology, Ltd. 9,154 13,171 Sonic Healthcare, Ltd. 14,129 252,159 South32, Ltd. 278,533 649,637 South32, Ltd. ADR 3,651 42,534 Southern Cross Media Group, Ltd. 79,239 84,034 Spark Infrastructure Group 104,171 208,550 # SpeedCast International, Ltd. 7,145 19,715 * St Barbara, Ltd. 56,881 124,178 Steadfast Group, Ltd. 42,055 87,120 Suncorp Group, Ltd. 45,304 517,809 #* Sundance Energy Australia, Ltd. 57,522 3,041 Sunland Group, Ltd. 6,809 9,747 # Super Retail Group, Ltd. 28,156 188,741 Sydney Airport 23,431 126,298 #* Syrah Resources, Ltd. 39,825 91,792 Tassal Group, Ltd. 31,195 94,628 Technology One, Ltd. 27,348 117,380 Telstra Corp., Ltd. 68,188 223,695 #* Ten Network Holdings, Ltd. 7,026 899 Thorn Group, Ltd. 35,581 37,590 * Tiger Resources, Ltd. 219,444 6,460 Tox Free Solutions, Ltd. 30,492 58,307 # TPG Telecom, Ltd. 29,263 131,313 Transurban Group 28,787 262,898 * Troy Resources, Ltd. 583 52 Villa World, Ltd. 11,106 20,001 # Village Roadshow, Ltd. 14,328 46,074 #* Virgin Australia Holdings, Ltd. 108,136 15,146 Virtus Health, Ltd. 14,879 66,705 Vita Group, Ltd. 12,900 13,542 # Vocus Group, Ltd. 51,968 144,971 * Watpac, Ltd. 27,091 12,792 Webjet, Ltd. 8,802 81,074 Wesfarmers, Ltd. 26,169 852,732 #* Western Areas, Ltd. 42,530 80,658 * Westgold Resources, Ltd. 9,874 12,490 # Westpac Banking Corp. 72,689 1,852,852 * Whitehaven Coal, Ltd. 86,593 205,778 Woodside Petroleum, Ltd. 28,318 661,808 Woolworths, Ltd. 20,615 439,995 * WorleyParsons, Ltd. 31,512 297,403 WPP AUNZ, Ltd. 68,187 62,807 ----------- TOTAL AUSTRALIA 49,216,393 ----------- AUSTRIA -- (0.7%) Agrana Beteiligungs AG 137 18,568 ANDRITZ AG 6,118 374,566 Atrium European Real Estate, Ltd. 16,732 78,208 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- AUSTRIA -- (Continued) # Austria Technologie & Systemtechnik AG 3,324 $ 44,123 BUWOG AG 13,643 400,915 CA Immobilien Anlagen AG 8,472 218,643 # DO & CO AG 627 45,892 Erste Group Bank AG 17,447 722,740 EVN AG 4,101 62,788 * FACC AG 1,487 17,986 Flughafen Wien AG 351 13,804 # IMMOFINANZ AG 64,916 157,888 Kapsch TrafficCom AG 788 44,498 Lenzing AG 1,292 231,151 Mayr Melnhof Karton AG 878 115,726 Oesterreichische Post AG 3,927 180,554 OMV AG 7,513 425,590 Palfinger AG 1,123 52,484 POLYTEC Holding AG 2,865 52,933 # Porr Ag 848 30,228 * Raiffeisen Bank International AG 13,713 404,118 RHI AG 2,692 101,576 Rosenbauer International AG 131 7,928 S IMMO AG 4,456 66,685 * Schoeller-Bleckmann Oilfield Equipment AG 459 34,763 Semperit AG Holding 1,997 61,007 Strabag SE 2,105 93,436 Telekom Austria AG 19,768 178,719 UNIQA Insurance Group AG 18,816 194,789 Verbund AG 6,217 122,979 Vienna Insurance Group AG Wiener Versicherung Gruppe 6,059 182,394 # Voestalpine AG 14,784 749,311 Wienerberger AG 9,422 216,594 Zumtobel Group AG 1,877 37,167 ---------- TOTAL AUSTRIA 5,740,751 ---------- BELGIUM -- (1.3%) #* Ablynx NV 2,054 31,096 Ackermans & van Haaren NV 3,097 559,906 Ageas 33,500 1,508,126 * AGFA-Gevaert NV 27,071 126,220 Atenor 415 23,683 Banque Nationale de Belgique 19 65,528 Barco NV 1,790 179,281 Bekaert SA 6,081 294,124 bpost SA 12,323 337,357 #* Celyad SA 565 18,792 Cie d'Entreprises CFE 1,194 176,029 Cie Immobiliere de Belgique SA 381 23,726 Colruyt SA 8,377 469,432 D'ieteren SA 4,001 189,529 * Dalenys 351 3,551 Deceuninck NV 8,961 36,611 * Econocom Group SA 12,480 95,376 Elia System Operator SA 2,848 167,015 Euronav NV 14,415 115,004 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- BELGIUM -- (Continued) EVS Broadcast Equipment SA 1,407 $ 57,091 # Exmar NV 3,996 23,459 #* Fagron 5,928 80,948 * Galapagos NV 1,822 144,751 Gimv NV 715 45,240 Ion Beam Applications 1,351 47,914 Jensen-Group NV 229 11,098 KBC Group NV 19,032 1,573,452 # Kinepolis Group NV 1,673 96,128 # Lotus Bakeries 29 81,014 * MDxHealth 3,776 22,174 Melexis NV 2,293 197,257 #* Nyrstar NV 11,040 71,691 Ontex Group NV 13,676 469,002 Orange Belgium SA 5,270 129,984 Picanol 293 36,734 Proximus SADP 12,838 451,445 Recticel SA 6,729 53,045 Resilux 210 37,296 Roularta Media Group NV 370 9,577 Sapec 70 4,964 Sioen Industries NV 1,485 51,563 Sipef SA 588 43,270 Solvay SA 8,703 1,247,846 * Telenet Group Holding NV 3,093 215,936 TER Beke SA 109 22,911 * Tessenderlo Group SA 6,174 271,049 * ThromboGenics NV 3,847 14,411 Umicore SA 10,948 878,929 Van de Velde NV 784 42,221 ----------- TOTAL BELGIUM 10,852,786 ----------- CANADA -- (9.5%) * 5N Plus, Inc. 4,100 10,227 Absolute Software Corp. 6,200 39,535 Acadian Timber Corp. 1,700 25,089 * Advantage Oil & Gas, Ltd.(00765F101) 3,399 23,453 * Advantage Oil & Gas, Ltd.(B66PKS8) 24,999 171,840 Aecon Group, Inc. 8,695 105,030 # Ag Growth International, Inc. 1,000 44,877 AGF Management, Ltd. Class B 7,587 45,580 Agnico Eagle Mines, Ltd. 15,126 706,535 Agrium, Inc.(008916108) 6,579 658,558 Agrium, Inc.(2213538) 1,600 160,109 # AGT Food & Ingredients, Inc. 4,300 87,707 Aimia, Inc. 13,859 16,118 * Air Canada 5,441 86,541 # AirBoss of America Corp. 3,978 42,277 * Alacer Gold Corp. 43,796 73,067 Alamos Gold, Inc. Class A(011532108) 15,592 110,544 Alamos Gold, Inc. Class A(BZ3DNP6) 31,600 223,804 # Alaris Royalty Corp. 5,082 91,878 * Alexco Resource Corp. 1,285 1,735 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) # Algonquin Power & Utilities Corp. 18,683 $ 199,755 Alimentation Couche-Tard, Inc. Class B 6,765 320,792 * Alio Gold, Inc. 6,570 27,613 # AltaGas, Ltd. 10,314 240,074 Alterra Power Corp. 2,700 12,972 Altius Minerals Corp. 6,448 58,287 Altus Group, Ltd. 3,650 74,830 #* Americas Silver Corp. 3,547 11,352 ARC Resources, Ltd. 33,372 460,128 * Argonaut Gold, Inc. 18,272 32,096 * Asanko Gold, Inc. 15,002 18,771 Atco, Ltd. Class I 3,639 135,461 #* Athabasca Oil Corp. 77,149 64,355 * ATS Automation Tooling Systems, Inc. 10,297 110,672 * AuRico Metals, Inc.(05157J108) 5,845 5,564 * AuRico Metals, Inc.(BYR52G5) 16,312 15,439 AutoCanada, Inc. 3,921 63,151 * Avigilon Corp. 5,073 57,698 * B2Gold Corp. 159,821 401,235 # Badger Daylighting, Ltd. 4,456 94,642 Bank of Montreal(063671101) 14,125 1,071,664 Bank of Montreal(2076009) 22,524 1,708,337 Bank of Nova Scotia (The)(064149107) 25,978 1,618,689 Bank of Nova Scotia (The)(2076281) 25,800 1,607,288 Barrick Gold Corp.(2024644) 11,682 197,519 Barrick Gold Corp.(067901108) 46,629 788,496 #* Baytex Energy Corp.(B4VGVM3) 28,300 79,447 * Baytex Energy Corp.(07317Q105) 2,602 7,260 BCE, Inc.(B188TH2) 3,215 150,894 BCE, Inc.(05534B760) 2,798 131,310 * Bellatrix Exploration, Ltd.(078314507) 1,559 3,883 #* Bellatrix Exploration, Ltd.(BF237Z5) 4,740 11,862 Birchcliff Energy, Ltd. 26,847 131,355 # Bird Construction, Inc. 7,689 52,236 # Black Diamond Group, Ltd. 7,742 16,518 * BlackBerry, Ltd.(09228F103) 12,657 118,723 * BlackBerry, Ltd.(BCBHZ31) 14,150 132,676 * BlackPearl Resources, Inc. 32,381 25,713 * Bombardier, Inc. Class A 6,500 13,295 * Bombardier, Inc. Class B 94,930 191,116 Bonavista Energy Corp. 5,420 13,607 # Bonterra Energy Corp. 2,880 38,808 Boralex, Inc. Class A 12,423 221,905 Brookfield Asset Management, Inc. Class A 15,789 614,084 Brookfield Real Estate Services, Inc. 1,100 14,849 BRP, Inc. 3,068 98,309 * BSM Technologies, Inc. 9,300 11,115 #* Calfrac Well Services, Ltd. 18,253 49,485 Callidus Capital Corp. 1,700 20,712 Cameco Corp.(13321L108) 25,982 266,316 Cameco Corp.(2166160) 11,800 120,863 Canaccord Genuity Group, Inc. 18,783 94,461 * Canacol Energy, Ltd. 25,200 90,754 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Canadian Imperial Bank of Commerce(136069101) 10,051 $872,829 Canadian Imperial Bank of Commerce(2170525) 8,700 755,175 Canadian National Railway Co.(136375102) 9,292 734,254 Canadian National Railway Co.(2180632) 3,700 292,379 Canadian Natural Resources, Ltd. 24,835 759,951 Canadian Pacific Railway, Ltd.(13645T100) 2,100 328,377 Canadian Pacific Railway, Ltd.(2793115) 1,800 281,806 Canadian Tire Corp., Ltd. Class A 3,568 407,269 Canadian Utilities, Ltd. Class A 2,411 76,522 # Canadian Western Bank 14,125 317,225 * Canfor Corp. 14,966 251,124 Canfor Pulp Products, Inc. 5,091 48,225 # CanWel Building Materials Group, Ltd. 8,500 41,929 Capital Power Corp. 7,701 152,013 * Capstone Mining Corp. 60,575 58,304 Cara Operations, Ltd. 600 11,285 Cascades, Inc. 10,300 126,979 CCL Industries, Inc. Class B 4,850 232,512 * Celestica, Inc.(15101Q108) 15,682 186,459 * Celestica, Inc.(2263362) 3,200 38,038 Cenovus Energy, Inc.(15135U109) 32,519 273,485 Cenovus Energy, Inc.(B57FG04) 25,300 212,465 Centerra Gold, Inc.(B01NXQ4) 31,241 166,635 Centerra Gold, Inc.(152006102) 624 3,327 * Cequence Energy, Ltd. 30,508 4,282 # Cervus Equipment Corp. 1,200 11,771 CES Energy Solutions Corp. 17,670 90,281 * CGI Group, Inc. Class A 8,717 460,345 # Chesswood Group, Ltd. 1,200 13,023 #* China Gold International Resources Corp., Ltd. 24,316 37,057 # CI Financial Corp. 17,929 390,577 # Cineplex, Inc. 6,883 271,455 Clearwater Seafoods, Inc. 2,677 23,920 Cogeco Communications, Inc. 3,089 215,803 Cogeco, Inc. 1,576 96,551 Colliers International Group, Inc.(194693107) 3,369 181,421 Colliers International Group, Inc.(BYL7SB4) 620 33,393 Computer Modelling Group, Ltd. 11,290 85,756 Cona Resources, Ltd. 6,800 16,635 Constellation Software, Inc. 600 323,232 * Continental Gold, Inc. 17,400 47,312 #* Copper Mountain Mining Corp. 22,194 17,801 Corus Entertainment, Inc. Class B 18,315 203,312 Cott Corp.(22163N106) 14,598 226,853 Cott Corp.(2228952) 14,256 221,258 # Crescent Point Energy Corp.(B67C8W8) 28,678 225,425 Crescent Point Energy Corp.(22576C101) 6,810 53,455 * Crew Energy, Inc. 16,833 54,816 * CRH Medical Corp. 3,400 11,154 #* Delphi Energy Corp. 30,292 29,885 #* Denison Mines Corp. 71,400 37,225 * Descartes Systems Group, Inc. (The)(2141941) 2,500 62,723 * Descartes Systems Group, Inc. (The)(249906108) 1,400 35,140 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- CANADA -- (Continued) * Detour Gold Corp. 24,800 $311,902 DHX Media, Ltd.(BRF12N3) 5,834 30,369 # DHX Media, Ltd.(BRF12P5) 9,300 48,486 Dollarama, Inc. 3,955 386,602 # Dominion Diamond Corp.(257287102) 8,601 121,102 Dominion Diamond Corp.(B95LX89) 500 7,034 Dorel Industries, Inc. Class B 3,747 98,998 * DREAM Unlimited Corp. Class A 6,900 40,788 * Dundee Precious Metals, Inc. 16,018 33,790 ECN Capital Corp. 37,499 119,107 Eldorado Gold Corp.(284902103) 7,243 15,355 Eldorado Gold Corp.(2307873) 100,431 212,663 Element Fleet Management Corp. 54,073 409,424 Emera, Inc. 790 29,401 Empire Co., Ltd. Class A 27,497 446,833 # Enbridge Income Fund Holdings, Inc. 11,650 299,391 Enbridge, Inc.(2466149) 12,958 537,132 Enbridge, Inc.(29250N105) 6,108 253,238 Encana Corp.(292505104) 56,119 564,557 Encana Corp.(2793193) 26,900 270,780 * Endeavour Mining Corp. 6,372 121,333 * Endeavour Silver Corp.(29258Y103) 4,949 15,094 #* Endeavour Silver Corp.(2980003) 14,600 44,265 Enercare, Inc. 15,100 253,615 Enerflex, Ltd. 15,166 209,715 #* Energy Fuels, Inc. 12,193 21,711 Enerplus Corp.(292766102) 25,035 225,816 Enerplus Corp.(B584T89) 20,300 183,176 Enghouse Systems, Ltd. 2,000 85,711 Ensign Energy Services, Inc. 19,617 104,949 #* Epsilon Energy, Ltd. 6,843 17,317 # Equitable Group, Inc. 1,650 72,498 * Essential Energy Services Trust 19,400 9,336 Evertz Technologies, Ltd. 2,200 31,321 # Exchange Income Corp. 4,758 110,063 Exco Technologies, Ltd. 4,701 41,778 # Extendicare, Inc. 8,949 68,118 Fairfax Financial Holdings, Ltd. 1,347 642,314 Fiera Capital Corp. 2,526 29,175 Finning International, Inc. 19,255 387,494 Firm Capital Mortgage Investment Corp. 4,500 48,907 First Capital Realty, Inc. 6,219 101,759 #* First Majestic Silver Corp.(32076V103) 7,108 58,499 * First Majestic Silver Corp.(2833583) 4,769 39,246 # First National Financial Corp. 1,400 28,073 First Quantum Minerals, Ltd. 44,695 494,003 FirstService Corp.(33767E103) 2,147 138,353 FirstService Corp.(BYL7ZF7) 1,700 109,561 #* Fission Uranium Corp. 53,000 29,757 Fortis, Inc. 9,059 330,317 * Fortuna Silver Mines, Inc.(349915108) 1,312 6,547 * Fortuna Silver Mines, Inc.(2383033) 7,299 36,473 Franco-Nevada Corp.(351858105) 742 53,765 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- CANADA -- (Continued) Franco-Nevada Corp.(B29NF31) 400 $ 28,981 # Freehold Royalties, Ltd. 9,658 110,156 * GDI Integrated Facility Services, Inc. 1,000 12,232 # Genworth MI Canada, Inc. 7,249 211,467 George Weston, Ltd. 2,534 221,317 Gibson Energy, Inc. 6,492 84,512 # Gildan Activewear, Inc.(375916103) 3,004 90,511 Gildan Activewear, Inc.(2254645) 3,300 99,443 Gluskin Sheff + Associates, Inc. 2,574 35,036 * GMP Capital, Inc. 5,000 12,031 goeasy, Ltd. 1,000 22,402 * GoGold Resources, Inc. 8,500 3,818 Goldcorp, Inc.(380956409) 27,832 365,434 Goldcorp, Inc.(2676302) 19,300 253,412 * Golden Star Resources, Ltd. 15,500 10,567 #* Gran Tierra Energy, Inc.(38500T101) 2,706 6,386 * Gran Tierra Energy, Inc.(B2PPCS5) 55,930 131,442 Granite Oil Corp. 3,733 13,864 #* Great Panther Silver, Ltd. 753 978 Great-West Lifeco, Inc. 7,678 219,116 Guardian Capital Group, Ltd. Class A 1,928 41,753 * Guyana Goldfields, Inc. 26,400 101,852 * Heroux-Devtek, Inc. 2,214 23,565 High Liner Foods, Inc. 2,850 38,747 # Home Capital Group, Inc. 8,072 89,347 Horizon North Logistics, Inc. 10,800 11,435 HudBay Minerals, Inc.(B05BQ98) 19,343 150,875 HudBay Minerals, Inc.(B05BDX1) 16,524 128,295 # Hudson's Bay Co. 13,684 117,111 * Husky Energy, Inc. 22,412 259,399 Hydro One, Ltd. 3,900 69,945 * IAMGOLD Corp.(450913108) 4,292 23,177 * IAMGOLD Corp.(2446646) 67,280 363,180 IGM Financial, Inc. 6,969 234,545 #* Imperial Metals Corp. 6,300 19,303 Imperial Oil, Ltd.(453038408) 7,127 204,117 Imperial Oil, Ltd.(2454241) 3,400 97,575 Industrial Alliance Insurance & Financial Services, Inc. 12,278 569,609 Innergex Renewable Energy, Inc. 11,852 139,077 Intact Financial Corp. 3,255 252,855 Inter Pipeline, Ltd. 12,293 242,754 * Interfor Corp. 10,640 165,649 Intertape Polymer Group, Inc. 6,300 121,427 * Ivanhoe Mines, Ltd. Class A 40,542 159,989 Jean Coutu Group PJC, Inc. (The) Class A 13,000 216,675 Just Energy Group, Inc.(B693818) 4,023 21,523 Just Energy Group, Inc.(B63MCN1) 9,896 53,101 K-Bro Linen, Inc. 1,051 33,930 * Kelt Exploration, Ltd. 25,600 137,368 Keyera Corp. 13,154 411,053 * Kinaxis, Inc. 1,100 70,751 * Kinross Gold Corp.(496902404) 27,330 112,600 * Kinross Gold Corp.(B03Z841) 184,803 761,891 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Kirkland Lake Gold, Ltd. 24,117 $ 249,923 * Klondex Mines, Ltd. 13,400 42,669 * Knight Therapeutics, Inc. 16,368 124,590 # Labrador Iron Ore Royalty Corp. 3,709 51,228 Lassonde Industries, Inc. Class A 100 19,234 # Laurentian Bank of Canada 6,001 260,737 Leon's Furniture, Ltd. 4,206 60,859 Linamar Corp. 8,928 489,312 Loblaw Cos., Ltd. 4,284 233,336 Lucara Diamond Corp. 36,789 79,081 Lundin Mining Corp. 108,187 778,374 # MacDonald Dettwiler & Associates, Ltd. 7,000 397,008 Magellan Aerospace Corp. 1,937 30,933 Magna International, Inc.(559222401) 7,200 343,368 Magna International, Inc.(2554475) 23,650 1,127,916 #* Mainstreet Equity Corp. 500 15,035 Mainstreet Health Investments, Inc. 2,100 19,320 * Major Drilling Group International, Inc. 11,620 76,799 Mandalay Resources Corp. 36,500 11,418 Manulife Financial Corp.(56501R106) 35,723 736,608 Manulife Financial Corp.(2492519) 21,700 446,967 Maple Leaf Foods, Inc. 6,200 171,367 Martinrea International, Inc. 12,817 103,523 # Mediagrif Interactive Technologies, Inc. 800 9,599 Medical Facilities Corp. 5,850 61,186 #* MEG Energy Corp. 40,699 167,138 Melcor Developments, Ltd. 200 2,302 Methanex Corp.(59151K108) 8,906 394,536 Methanex Corp.(2654416) 1,735 76,929 Metro, Inc. 7,977 270,197 * Mitel Networks Corp. 17,155 146,129 Morguard Corp. 200 27,595 Morneau Shepell, Inc. 5,200 86,211 MTY Food Group, Inc. 1,988 75,039 Mullen Group, Ltd. 15,004 192,070 National Bank of Canada 27,555 1,240,997 Nevsun Resources, Ltd. 33,481 90,500 New Flyer Industries, Inc. 4,576 186,564 * New Gold, Inc.(644535106) 4,011 13,437 * New Gold, Inc.(2826947) 64,548 215,893 #* Newalta Corp. 5,173 5,269 Norbord, Inc. 3,712 131,745 North American Energy Partners, Inc. 2,400 10,200 North West Co., Inc. (The) 4,209 103,102 # Northland Power, Inc. 12,264 228,410 * NuVista Energy, Ltd. 24,111 123,577 * Obsidian Energy, Ltd.(674482104) 20,635 24,349 * Obsidian Energy, Ltd.(BDHLTZ4) 68,600 80,884 OceanaGold Corp. 99,690 272,663 Onex Corp. 5,500 440,750 # Open Text Corp.(683715106) 3,988 133,598 Open Text Corp.(2260824) 5,600 187,303 Osisko Gold Royalties, Ltd.(BN60CQ4) 13,991 179,669 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Osisko Gold Royalties, Ltd.(68827L101) 2,420 $ 31,097 #* Painted Pony Energy, Ltd. 13,000 47,443 Pan American Silver Corp.(697900108) 24,659 415,504 Pan American Silver Corp.(2669272) 2,000 33,688 #* Paramount Resources, Ltd. Class A 9,376 150,257 * Parex Resources, Inc. 5,830 71,732 Parkland Fuel Corp. 1,434 30,768 Pason Systems, Inc. 2,265 33,064 Pembina Pipeline Corp.(B4PPQG5) 4,402 150,108 # Pembina Pipeline Corp.(B4PT2P8) 4,300 146,547 #* Pengrowth Energy Corp.(B67M828) 61,484 46,357 * Pengrowth Energy Corp.(70706P104) 4,002 2,881 # Peyto Exploration & Development Corp. 12,754 226,692 * PHX Energy Services Corp. 3,238 5,350 # Pizza Pizza Royalty Corp. 3,300 44,388 Potash Corp. of Saskatchewan, Inc.(73755L107) 3,266 58,461 Potash Corp. of Saskatchewan, Inc.(2696980) 59,381 1,062,119 # PrairieSky Royalty, Ltd. 2,971 73,778 * Precision Drilling Corp.(B5YPLH9) 24,964 72,484 * Precision Drilling Corp.(74022D308) 19,847 57,953 * Premier Gold Mines, Ltd. 29,300 79,669 Premium Brands Holdings Corp. 3,040 219,524 #* Pretium Resources, Inc. 4,600 44,201 #* Primero Mining Corp.(B4Z8FV2) 20,955 7,563 * Primero Mining Corp.(74164W106) 9,167 3,328 #* Pulse Seismic, Inc. 4,200 8,624 Quarterhill, Inc. 13,600 19,526 Quebecor, Inc. Class B 5,316 184,243 * Raging River Exploration, Inc. 26,800 171,752 Reitmans Canada, Ltd. Class A 5,200 19,061 Restaurant Brands International, Inc. 3,400 202,568 Richelieu Hardware, Ltd. 4,834 126,128 * Richmont Mines, Inc. 3,753 31,276 Ritchie Bros Auctioneers, Inc.(767744105) 2,701 76,249 Ritchie Bros Auctioneers, Inc.(2345390) 4,100 115,757 #* RMP Energy, Inc. 40,500 19,491 Rocky Mountain Dealerships, Inc. 3,078 24,910 Rogers Communications, Inc. Class B(775109200) 4,076 211,952 Rogers Communications, Inc. Class B(2169051) 10,036 521,864 Rogers Sugar, Inc. 18,420 94,704 Royal Bank of Canada(780087102) 24,345 1,815,163 Royal Bank of Canada(2754383) 7,300 544,594 Russel Metals, Inc. 5,971 119,444 * Sabina Gold & Silver Corp. 40,900 74,140 * Sandstorm Gold, Ltd. 20,411 84,149 Sandvine Corp. 21,606 75,905 Saputo, Inc. 9,280 314,556 Savaria Corp. 900 10,756 Secure Energy Services, Inc. 26,858 202,930 * SEMAFO, Inc. 41,698 100,671 * Seven Generations Energy, Ltd. Class A 6,361 110,562 Shaw Communications, Inc. Class B(82028K200) 10,419 232,031 Shaw Communications, Inc. Class B(2801836) 2,500 55,665 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) ShawCor, Ltd. 2,619 $ 58,693 #* Sherritt International Corp. 24,429 16,851 # Sienna Senior Living, Inc. 4,500 62,045 * Sierra Wireless, Inc.(826516106) 1,995 58,853 * Sierra Wireless, Inc.(2418968) 2,200 64,778 * Silver Standard Resources, Inc.(82823L106) 8,386 81,596 * Silver Standard Resources, Inc.(2218458) 9,214 89,572 Sleep Country Canada Holdings, Inc. 4,000 121,692 SNC-Lavalin Group, Inc. 7,326 322,655 * Solium Capital, Inc. 1,700 13,213 #* Spartan Energy Corp. 14,700 75,342 # Sprott, Inc. 21,700 39,858 Stantec, Inc.(85472N109) 5,203 132,677 Stantec, Inc.(2854238) 1,800 45,796 Stella-Jones, Inc. 4,595 160,802 #* Stornoway Diamond Corp. 47,014 29,790 Stuart Olson, Inc. 1,300 5,547 # Student Transportation, Inc.(B1FQZ15) 9,299 54,746 Student Transportation, Inc.(86388A108) 700 4,130 Sun Life Financial, Inc.(866796105) 11,897 456,012 Sun Life Financial, Inc.(2566124) 10,600 406,231 Suncor Energy, Inc.(867224107) 58,453 1,906,737 Suncor Energy, Inc.(B3NB1P2) 100 3,253 * SunOpta, Inc.(8676EP108) 4,680 44,460 * SunOpta, Inc.(2817510) 5,192 49,557 Superior Plus Corp. 21,627 189,599 Supremex, Inc. 3,700 13,295 # Surge Energy, Inc. 37,535 65,331 Tahoe Resources, Inc.(873868103) 16,073 87,919 # Tahoe Resources, Inc.(B5B9KV1) 30,865 168,839 * Taseko Mines, Ltd. 27,979 41,741 Teck Resources, Ltd. Class B(878742204) 34,468 747,611 Teck Resources, Ltd. Class B(2879327) 23,500 510,054 TELUS Corp. 1,498 54,105 #* Tembec, Inc. 7,455 27,147 * Teranga Gold Corp. 11,500 29,425 TFI International, Inc. 16,167 380,072 Thomson Reuters Corp.(2126067) 4,105 188,378 Thomson Reuters Corp.(2889371) 7,800 357,233 # Timbercreek Financial Corp. 3,100 23,323 * TMAC Resources, Inc. 1,000 8,703 TMX Group, Ltd. 5,495 291,333 TORC Oil & Gas, Ltd. 14,765 66,438 * Torex Gold Resources, Inc. 13,508 246,270 Toromont Industries, Ltd. 7,642 283,736 Toronto-Dominion Bank (The)(891160509) 34,519 1,779,109 Toronto-Dominion Bank (The)(2897222) 16,058 827,790 # Torstar Corp. Class B 2,714 3,178 Total Energy Services, Inc. 6,440 62,502 * Tourmaline Oil Corp. 14,103 312,780 TransAlta Corp.(89346D107) 31,016 203,155 TransAlta Corp.(2901628) 13,800 89,989 TransAlta Renewables, Inc. 8,684 101,833 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- CANADA -- (Continued) TransCanada Corp.(89353D107) 10,296 $ 526,332 TransCanada Corp.(2665184) 1,306 66,727 Transcontinental, Inc. Class A 11,952 243,689 * TransGlobe Energy Corp.(2470548) 1,000 1,364 * TransGlobe Energy Corp.(893662106) 500 675 #* Trevali Mining Corp. 57,043 59,022 * Trican Well Service, Ltd. 38,815 113,636 Tricon Capital Group, Inc. 9,900 83,377 #* Trilogy Energy Corp. 7,125 30,232 * Trinidad Drilling, Ltd. 30,118 43,241 * Trisura Group, Ltd. 111 2,277 * Turquoise Hill Resources, Ltd.(900435108) 3,396 11,173 * Turquoise Hill Resources, Ltd.(B7WJ1F5) 51,300 168,703 # Uni-Select, Inc. 7,611 177,646 #* UrtheCast Corp. 22,900 20,572 # Valener, Inc. 3,344 57,828 Veresen, Inc. 33,502 489,329 Vermilion Energy, Inc.(923725105) 2,873 94,694 Vermilion Energy, Inc.(B607XS1) 4,300 141,615 Wajax Corp. 3,375 63,480 Waste Connections, Inc. 7,849 510,028 West Fraser Timber Co., Ltd. 11,698 621,610 #* Western Energy Services Corp. 7,800 9,009 Western Forest Products, Inc. 72,580 144,374 Westshore Terminals Investment Corp. 9,100 172,256 Wheaton Precious Metals Corp.(962879102) 10,507 213,397 Wheaton Precious Metals Corp.(BF13KN5) 8,199 166,249 # Whitecap Resources, Inc. 54,203 400,409 Winpak, Ltd. 3,132 134,474 WSP Global, Inc. 9,516 386,288 Yamana Gold, Inc.(2219279) 95,628 249,281 Yamana Gold, Inc.(98462Y100) 14,406 37,456 * Yangarra Resources, Ltd. 9,200 25,015 #* Yellow Pages, Ltd. 2,929 15,364 ZCL Composites, Inc. 4,199 44,726 ----------- TOTAL CANADA 77,440,352 ----------- CHINA -- (0.0%) * KuangChi Science, Ltd. 41,000 14,374 ----------- DENMARK -- (1.4%) ALK-Abello A.S. 540 85,112 Alm Brand A.S. 12,213 122,433 Ambu A.S. Class B 2,772 180,498 * Bang & Olufsen A.S. 3,802 66,524 BankNordik P/F 549 11,097 #* Bavarian Nordic A.S. 2,593 169,740 Chr Hansen Holding A.S. 9,349 752,888 Coloplast A.S. Class B 1,968 169,068 Columbus A.S. 10,225 22,111 #* D/S Norden A.S. 3,897 77,309 Danske Bank A.S. 19,752 799,910 DFDS A.S. 4,120 234,983 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- DENMARK -- (Continued) DSV A.S. 15,826 $ 1,021,817 FLSmidth & Co. A.S. 5,240 320,711 # GN Store Nord A.S. 15,635 475,556 # H Lundbeck A.S. 5,927 355,393 * H+H International A.S. Class B 2,105 35,992 IC Group A.S. 908 20,755 ISS A.S. 14,761 605,125 Jyske Bank A.S. 9,357 586,463 Matas A.S. 4,156 64,137 * NKT A.S. 3,517 308,949 NNIT A.S. 1,478 47,278 Nordjyske Bank A.S. 700 13,377 # Pandora A.S. 3,928 452,068 Parken Sport & Entertainment A.S. 1,139 15,716 Per Aarsleff Holding A.S. 3,043 75,903 Ringkjoebing Landbobank A.S. 2,662 140,149 Rockwool International A.S. Class A 144 31,036 Rockwool International A.S. Class B 1,088 247,605 RTX A.S. 936 24,151 * Santa Fe Group A.S. 1,591 14,417 Schouw & Co. AB 1,954 214,565 SimCorp A.S. 3,746 234,230 Solar A.S. Class B 865 51,514 Spar Nord Bank A.S. 8,949 120,272 Sydbank A.S. 11,753 489,584 TDC A.S. 119,893 739,806 Tivoli A.S. 136 13,120 * TK Development A.S. 5,396 9,184 * Topdanmark A.S. 8,880 303,418 Tryg A.S. 10,764 242,538 United International Enterprises 225 47,416 Vestas Wind Systems A.S. 10,650 1,040,844 #* William Demant Holding A.S. 11,685 310,458 ----------- TOTAL DENMARK 11,365,220 ----------- FINLAND -- (1.5%) Ahlstrom-Munksjo Oyj 2,517 51,919 Aktia Bank Oyj 2,263 24,642 Alma Media Oyj 2,844 21,811 Amer Sports Oyj 17,511 470,365 Asiakastieto Group Oyj 847 21,959 Aspo Oyj 3,410 36,402 Atria Oyj 2,128 28,463 * BasWare Oyj 708 33,702 Bittium Oyj 1,037 9,137 Cargotec Oyj Class B 5,663 345,741 #* Caverion Corp. 15,113 126,437 Citycon Oyj 49,585 134,939 Cramo Oyj 7,719 221,441 Elisa Oyj 10,902 448,801 F-Secure Oyj 7,922 35,992 Finnair Oyj 9,181 99,333 Fiskars Oyj Abp 3,605 90,562 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FINLAND -- (Continued) Fortum Oyj 27,497 $ 449,634 HKScan Oyj Class A 4,861 17,371 Huhtamaki Oyj 19,565 758,159 Ilkka-Yhtyma Oyj 2,909 11,107 Kemira Oyj 18,946 238,809 Kesko Oyj Class A 1,108 56,208 Kesko Oyj Class B 9,213 465,847 Konecranes Oyj 7,451 332,434 Lassila & Tikanoja Oyj 6,620 150,868 # Metsa Board Oyj 27,753 196,315 Metso Oyj 19,617 624,090 Neste Oyj 16,872 731,469 Nokian Renkaat Oyj 20,382 831,062 Oriola Oyj Class B 17,353 74,430 Outokumpu Oyj 39,751 334,033 * Outotec Oyj 18,535 120,898 Pihlajalinna Oyj 536 10,807 Ponsse Oy 1,526 44,275 * Poyry Oyj 493 2,822 Raisio Oyj Class V 14,942 62,580 Ramirent Oyj 16,015 159,637 Revenio Group Oyj 343 15,011 Sampo Oyj Class A 16,902 924,397 Sanoma Oyj 12,675 117,734 SRV Group OYJ 3,102 16,555 * Stockmann Oyj Abp Class B 5,241 45,376 Stora Enso Oyj Class R 78,532 1,049,959 Technopolis Oyj 15,315 66,357 Teleste Oyj 1,197 11,401 Tieto Oyj 8,348 264,832 Tikkurila Oyj 7,373 157,249 UPM-Kymmene Oyj 46,427 1,263,887 Uponor Oyj 5,606 90,518 Vaisala Oyj Class A 1,132 54,442 Valmet Oyj 22,407 408,446 YIT Oyj 15,011 127,475 ----------- TOTAL FINLAND 12,488,140 ----------- FRANCE -- (7.6%) ABC Arbitrage 3,722 26,980 Accor SA 3,493 162,263 Actia Group 3,218 33,769 Aeroports de Paris 1,069 180,912 Air Liquide SA 8,112 994,642 Airbus SE 9,467 791,030 Akka Technologies 2,194 119,837 Albioma SA 3,291 77,330 Alstom SA 15,062 539,613 Altamir 3,848 76,576 Alten SA 3,688 318,396 Altran Technologies SA 20,661 363,291 Amundi SA 3,083 238,446 * Antalis International SAS 2,054 4,669 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) April SA 2,047 $ 31,500 Arkema SA 11,068 1,259,930 Assystem 1,877 71,997 Atos SE 5,965 906,892 Aubay 1,249 45,395 AXA SA 58,136 1,716,958 Axway Software SA 579 16,629 Beneteau SA 3,338 57,306 BioMerieux 600 132,212 BNP Paribas SA 40,150 3,111,451 Boiron SA 903 84,591 Bonduelle SCA 2,197 84,419 # Bourbon Corp. 3,477 32,408 Bouygues SA 20,919 896,883 Bureau Veritas SA 17,126 390,210 Burelle SA 39 55,194 Capgemini SE 3,629 395,087 Carrefour SA 50,364 1,209,751 Casino Guichard Perrachon SA 6,846 417,546 * Cegedim SA 334 12,747 #* CGG SA 2,038 9,000 Chargeurs SA 2,873 83,318 Christian Dior SE 1,268 361,068 Cie de Saint-Gobain 26,022 1,443,875 Cie des Alpes 975 31,854 Cie Generale des Etablissements Michelin 14,512 1,965,448 Cie Plastic Omnium SA 13,027 501,309 CNP Assurances 14,001 338,008 * Coface SA 9,529 90,104 Credit Agricole SA 35,905 630,217 Danone SA 12,065 900,292 Dassault Systemes SE 3,478 341,184 Derichebourg SA 13,919 121,943 Devoteam SA 814 73,870 # Edenred 20,532 539,742 Eiffage SA 8,331 806,988 Electricite de France SA 59,497 603,932 Elior Group 15,057 399,658 # Elis SA 8,530 206,244 Engie SA 98,856 1,592,194 * Eramet 598 37,750 Essilor International SA 6,022 762,425 * Esso SA Francaise 343 23,061 Euler Hermes Group 1,521 181,835 Euronext NV 6,901 403,291 Europcar Groupe SA 9,389 136,705 Eutelsat Communications SA 21,935 593,653 # Exel Industries Class A 266 31,794 Faurecia 9,487 526,795 * Fnac Darty SA 1,561 147,941 * Fnac Darty SA 904 85,469 Gaztransport Et Technigaz SA 1,982 94,469 GL Events 1,343 39,848 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Groupe Crit 588 $ 56,340 Groupe Eurotunnel SE 29,951 332,114 #* Groupe Gorge 802 19,938 Groupe Open 621 18,529 # Guerbet 1,271 114,384 Haulotte Group SA 1,255 22,093 Hermes International 369 186,904 * HiPay Group SA 608 11,684 * ID Logistics Group 170 27,461 Iliad SA 929 230,461 Imerys SA 3,399 294,640 Ingenico Group SA 9,737 1,021,365 Interparfums SA 1,294 51,421 Ipsen SA 2,198 281,332 IPSOS 4,292 148,224 Jacquet Metal Service 1,075 30,043 # JCDecaux SA 3,553 126,529 Kaufman & Broad SA 1,281 55,508 Kering 728 254,451 Korian SA 4,107 135,791 L'Oreal SA 3,328 689,496 Lagardere SCA 21,489 706,034 Le Belier 374 20,170 Le Noble Age 889 52,628 Lectra 2,814 80,932 Legrand SA 7,812 539,634 # Linedata Services 790 46,020 LISI 2,895 139,568 LVMH Moet Hennessy Louis Vuitton SE 5,903 1,482,766 Maisons France Confort SA 251 18,412 Manitou BF SA 1,257 44,082 Mersen SA 3,064 113,209 #* METabolic EXplorer SA 2,577 7,137 Metropole Television SA 5,517 133,485 MGI Coutier 2,112 84,950 Natixis SA 56,059 407,355 * Naturex 517 52,475 Neopost SA 5,063 232,165 Nexans SA 4,588 262,821 Nexity SA 5,269 282,608 #* Nicox 1,341 19,538 * NRJ Group 1,371 18,146 Oeneo SA 4,009 44,691 #* Onxeo SA 7,633 36,516 Orange SA 100,822 1,696,519 Orpea 3,849 441,377 #* Parrot SA 2,493 29,603 Peugeot SA 61,422 1,321,232 * Pierre & Vacances SA 941 52,595 PSB Industries SA 175 11,048 Publicis Groupe SA 8,070 610,225 Rallye SA 3,863 82,097 Rexel SA 47,949 759,294 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Robertet SA 34 $ 16,301 Rothschild & Co. 945 35,147 Rubis SCA 7,980 507,943 Sartorius Stedim Biotech 1,293 92,129 Savencia SA 905 90,010 SCOR SE 17,263 728,082 SEB SA 2,743 487,991 Seche Environnement SA 310 12,110 #* Sequana SA 10,272 11,410 SES SA 42,975 1,010,951 #* SES-imagotag SA 567 19,369 * SFR Group SA 2,647 98,528 Societe BIC SA 1,541 180,753 Societe Generale SA 30,103 1,765,081 Sodexo SA 3,237 382,386 * SOITEC 1,660 105,384 * Solocal Group 77,717 78,225 Somfy SA 670 63,490 Sopra Steria Group 2,530 437,439 SPIE SA 8,031 225,731 * Stallergenes Greer P.L.C. 337 14,323 * Ste Industrielle d'Aviation Latecoere SA 14,514 74,704 Stef SA 679 75,469 STMicroelectronics NV(5962332) 59,909 1,014,989 STMicroelectronics NV(2430025) 3,197 53,869 Suez 20,136 364,084 Sword Group 425 17,455 Synergie SA 1,688 79,983 Tarkett SA 6,805 281,739 Technicolor SA 32,478 118,071 Teleperformance 6,595 918,899 Television Francaise 1 14,992 219,358 Tessi SA 127 23,271 TFF Group 95 17,122 Thermador Groupe 245 26,975 Total Gabon 46 7,258 Total SA 78,200 3,976,757 Total SA Sponsored ADR 1,812 91,827 Trigano SA 1,173 154,252 * Ubisoft Entertainment SA 13,221 836,565 Union Financiere de France BQE SA 410 14,014 Valeo SA 10,938 757,331 #* Vallourec SA 56,556 334,563 * Valneva SE 6,822 23,746 Veolia Environnement SA 8,919 201,005 Veolia Environnement SA ADR 1,130 25,391 # Vetoquinol SA 188 11,684 Vicat SA 2,192 160,136 Vilmorin & Cie SA 1,017 89,649 Vinci SA 12,520 1,121,120 * Virbac SA 446 79,604 Vivendi SA 35,756 826,459 * Worldline SA 2,855 116,031 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FRANCE -- (Continued) Zodiac Aerospace 10,392 $ 297,187 ----------- TOTAL FRANCE 61,673,534 ----------- GERMANY -- (6.4%) Aareal Bank AG 10,279 428,722 * Adler Modemaerkte AG 1,392 9,651 #* ADLER Real Estate AG 2,710 42,475 ADO Properties SA 2,893 130,592 #* ADVA Optical Networking SE 5,336 40,639 #* AIXTRON SE 9,653 85,900 All for One Steeb AG 168 12,904 Allianz SE 13,552 2,888,717 Amadeus Fire AG 412 38,055 Aurubis AG 4,651 414,046 Axel Springer SE 5,693 361,499 BASF SE 46,161 4,394,524 Basler AG 152 28,712 Bauer AG 1,428 39,599 BayWa AG 1,736 64,241 Bechtle AG 3,008 216,519 Beiersdorf AG 1,105 121,261 # Bertrandt AG 762 72,569 Bijou Brigitte AG 354 24,510 # Bilfinger SE 4,877 199,278 #* Biotest AG 1,074 34,964 Borussia Dortmund GmbH & Co. KGaA 11,969 84,645 Brenntag AG 14,061 796,797 # CANCOM SE 1,491 98,055 Carl Zeiss Meditec AG 2,104 112,655 CENIT AG 720 20,019 CENTROTEC Sustainable AG 1,427 31,582 Cewe Stiftung & Co. KGAA 1,185 104,860 Comdirect Bank AG 3,571 45,039 * Commerzbank AG 66,211 866,062 CompuGroup Medical SE 2,652 157,988 Continental AG 5,804 1,307,453 CropEnergies AG 3,497 37,606 CTS Eventim AG & Co. KGaA 5,881 272,587 # Delticom AG 534 9,783 Deutsche Bank AG(5750355) 26,196 466,489 Deutsche Bank AG(D18190898) 39,748 709,104 Deutsche Beteiligungs AG 1,386 65,296 Deutsche Boerse AG 4,264 445,235 # Deutsche EuroShop AG 3,701 154,127 Deutsche Pfandbriefbank AG 7,294 96,106 Deutsche Telekom AG 206,169 3,766,446 Deutsche Wohnen AG 12,009 475,894 * Dialog Semiconductor P.L.C. 10,005 435,989 DIC Asset AG 5,386 58,084 # Diebold Nixdorf AG 294 25,025 DMG Mori AG 4,388 259,141 Dr Hoenle AG 513 21,659 Draegerwerk AG & Co. KGaA 346 28,151 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) Drillisch AG 3,488 $ 233,327 Duerr AG 3,309 403,158 E.ON SE 123,956 1,226,265 Eckert & Ziegler AG 533 22,565 EDAG Engineering Group AG 762 12,096 Elmos Semiconductor AG 1,399 34,105 # ElringKlinger AG 4,461 77,818 * Euromicron AG 463 4,690 Evonik Industries AG 8,738 297,595 * Evotec AG 4,707 67,827 # Fielmann AG 1,780 142,959 Fraport AG Frankfurt Airport Services Worldwide 3,984 398,954 Freenet AG 13,789 465,446 Fresenius Medical Care AG & Co. KGaA 10,980 1,035,419 Fuchs Petrolub SE 1,860 97,841 # GEA Group AG 13,522 549,550 Gerresheimer AG 6,569 542,127 # Gerry Weber International AG 5,238 66,832 Gesco AG 900 28,530 GFT Technologies SE 1,156 21,489 Grammer AG 2,325 132,098 # GRENKE AG 222 19,177 * H&R GmbH & Co. KGaA 3,109 42,306 Hamburger Hafen und Logistik AG 4,451 124,484 Hannover Rueck SE 2,635 332,586 * Hapag-Lloyd AG 3,106 122,812 HeidelbergCement AG 7,574 749,992 #* Heidelberger Druckmaschinen AG 35,516 120,933 Hella KGaA Hueck & Co. 6,269 331,489 Henkel AG & Co. KGaA 823 103,541 * Highlight Communications AG 1,578 9,421 Hochtief AG 1,791 319,682 * HolidayCheck Group AG 8,666 30,807 Hornbach Baumarkt AG 1,310 48,697 Hugo Boss AG 6,594 497,374 Indus Holding AG 2,330 174,390 Infineon Technologies AG 28,049 609,120 Isra Vision AG 295 54,022 Jenoptik AG 5,116 140,956 # K+S AG 30,184 784,879 KION Group AG 9,395 815,235 Kloeckner & Co. SE 15,471 171,052 Koenig & Bauer AG 2,466 193,182 * Kontron AG 8,773 36,129 Krones AG 1,591 197,950 KWS Saat SE 192 77,995 Lanxess AG 16,718 1,289,190 LEG Immobilien AG 5,920 569,240 Leifheit AG 700 27,722 Leoni AG 3,806 225,119 Linde AG 4,135 788,795 #* LPKF Laser & Electronics AG 1,349 14,690 #* Manz AG 224 8,888 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- GERMANY -- (Continued) Metro AG 17,385 $ 195,362 * Metro Wholesale & Food Specialist AG 17,385 351,204 MLP AG 6,531 47,840 MTU Aero Engines AG 3,564 522,318 Muenchener Rueckversicherungs-Gesellschaft AG 4,468 959,724 Nemetschek SE 2,095 162,572 Nexus AG 544 16,738 #* Nordex SE 4,366 59,614 Norma Group SE 7,853 476,233 OHB SE 906 32,468 OSRAM Licht AG 8,554 712,842 paragon AG 295 21,426 * Patrizia Immobilien AG 9,073 163,893 Pfeiffer Vacuum Technology AG 1,197 202,989 PNE Wind AG 14,113 44,209 Progress-Werk Oberkirch AG 549 27,945 # ProSiebenSat.1 Media SE 14,703 587,444 Puma SE 253 101,426 QIAGEN NV(BYXS699) 15,733 521,869 QIAGEN NV(N72482123) 507 16,634 # QSC AG 19,099 41,983 R Stahl AG 573 21,703 Rational AG 420 263,734 # RIB Software SE 3,603 64,367 RTL Group SA 1,234 96,000 * RWE AG 56,558 1,191,709 # S&T AG 2,382 41,639 SAF-Holland SA 6,565 115,999 Salzgitter AG 6,312 283,186 SAP SE 6,645 703,607 # SAP SE Sponsored ADR 555 58,747 * Schaltbau Holding AG 660 28,927 #* SGL Carbon SE 4,257 53,695 SHW AG 730 30,745 Siemens AG 17,789 2,413,996 * Siltronic AG 1,799 195,627 Sixt Leasing SE 1,263 29,920 # SMA Solar Technology AG 1,104 40,038 Softing AG 978 13,485 Software AG 4,553 199,071 Stabilus SA 2,243 186,513 Stroeer SE & Co. KGaA 3,406 219,587 Suedzucker AG 9,880 210,873 #* Suess MicroTec AG 1,897 27,420 Surteco SE 1,181 34,846 # Symrise AG 6,850 479,608 TAG Immobilien AG 13,460 220,864 Takkt AG 5,238 128,618 * Talanx AG 5,690 234,639 * Tele Columbus AG 2,422 27,798 # Telefonica Deutschland Holding AG 38,506 198,913 ThyssenKrupp AG 12,489 370,941 TLG Immobilien AG 7,374 159,932 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) * Tom Tailor Holding SE 2,430 $ 20,381 Uniper SE 30,245 623,318 United Internet AG 8,726 531,239 VERBIO Vereinigte BioEnergie AG 4,576 52,049 Vonovia SE 9,478 384,095 * Vossloh AG 1,477 98,236 # VTG AG 1,400 70,187 Wacker Chemie AG 2,704 335,578 Wacker Neuson SE 4,567 122,604 Washtec AG 1,577 126,542 Wirecard AG 2,826 216,270 XING AG 346 101,681 * Zalando SE 948 42,430 ----------- TOTAL GERMANY 51,831,890 ----------- HONG KONG -- (2.9%) #* 13 Holdings, Ltd. (The) 100,000 13,068 # Aeon Credit Service Asia Co., Ltd. 22,000 16,776 Agritrade Resources, Ltd. 75,000 18,438 AIA Group, Ltd. 232,600 1,829,516 Alco Holdings, Ltd. 14,000 3,617 Allied Properties HK, Ltd. 240,000 52,485 Alltronics Holdings, Ltd. 43,200 16,318 * Applied Development Holdings, Ltd. 170,000 11,530 APT Satellite Holdings, Ltd. 63,250 31,201 Asia Financial Holdings, Ltd. 40,000 21,906 Asia Satellite Telecommunications Holdings, Ltd. 3,000 3,069 Asia Standard International Group, Ltd. 156,000 45,283 Asian Growth Properties, Ltd. 22,824 8,274 ASM Pacific Technology, Ltd. 20,500 264,937 # Bank of East Asia, Ltd. (The) 62,777 268,539 BOC Hong Kong Holdings, Ltd. 168,000 825,968 Bonjour Holdings, Ltd. 234,000 11,229 # Bright Smart Securities & Commodities Group, Ltd. 132,000 38,963 * Brightoil Petroleum Holdings, Ltd. 543,000 141,097 * Burwill Holdings, Ltd. 1,332,000 35,600 Cafe de Coral Holdings, Ltd. 40,000 128,749 Cathay Pacific Airways, Ltd. 207,000 324,320 Century City International Holdings, Ltd. 192,000 18,160 CGN Mining Co., Ltd. 245,000 19,734 Cheung Kong Property Holdings, Ltd. 45,308 366,398 Chevalier International Holdings, Ltd. 4,000 6,681 * China Best Group Holding, Ltd. 580,000 8,014 * China Energy Development Holdings, Ltd. 412,000 4,851 China Flavors & Fragrances Co., Ltd. 76,000 22,855 #* China LNG Group, Ltd. 640,000 10,241 China Metal International Holdings, Inc. 96,000 36,245 China Motor Bus Co., Ltd. 1,400 18,363 * China Soft Power Technology Holdings, Ltd. 32,290 491 * China Strategic Holdings, Ltd. 645,000 8,665 # Chinese Estates Holdings, Ltd. 46,000 77,345 Chong Hing Bank, Ltd. 2,000 4,079 Chow Sang Sang Holdings International, Ltd. 37,000 86,400 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) Chow Tai Fook Jewellery Group, Ltd. 58,400 $ 60,677 Chuang's China Investments, Ltd. 190,000 16,772 Chuang's Consortium International, Ltd. 140,000 32,594 CITIC Telecom International Holdings, Ltd. 277,000 84,331 CK Hutchison Holdings, Ltd. 103,808 1,366,021 CK Infrastructure Holdings, Ltd. 27,000 251,658 CK Life Sciences Intl Holdings, Inc. 244,000 19,963 CLP Holdings, Ltd. 23,000 245,068 # CMBC Capital Holdings, Ltd. 500,000 24,005 * CMMB Vision Holdings, Ltd. 312,000 15,566 CNQC International Holdings, Ltd. 82,500 26,193 CNT Group, Ltd. 128,000 8,019 #* Common Splendor International Health Industry Group, Ltd. 146,000 11,025 Convenience Retail Asia, Ltd. 54,000 26,872 #* Convoy Global Holdings, Ltd. 576,000 13,044 # Cowell e Holdings, Inc. 78,000 31,901 * Crocodile Garments 111,000 14,207 # Cross-Harbour Holdings, Ltd. (The) 21,000 31,884 CSI Properties, Ltd. 830,000 44,083 CW Group Holdings, Ltd. 37,500 6,287 Dah Sing Banking Group, Ltd. 60,528 129,627 Dah Sing Financial Holdings, Ltd. 27,720 196,144 Eagle Nice International Holdings, Ltd. 44,000 18,182 Emperor Capital Group, Ltd. 366,000 32,744 * Emperor Watch & Jewellery, Ltd. 520,000 22,638 #* Enerchina Holdings, Ltd. 984,000 23,371 * ENM Holdings, Ltd. 176,000 11,718 * Esprit Holdings, Ltd. 174,900 86,178 # Fairwood Holdings, Ltd. 5,500 22,743 Far East Consortium International, Ltd. 212,634 117,233 * Far East Holdings International, Ltd. 147,000 12,959 # FIH Mobile, Ltd. 487,000 162,719 First Pacific Co., Ltd. 234,000 175,125 #* First Shanghai Investments, Ltd. 128,000 17,330 # Fountain SET Holdings, Ltd. 164,000 21,611 * Freeman FinTech Corp., Ltd. 360,000 23,027 # Future Bright Holdings, Ltd. 48,000 4,299 * G-Resources Group, Ltd. 4,218,600 55,078 #* GCL New Energy Holdings, Ltd. 480,000 22,102 Get Nice Financial Group, Ltd. 13,500 2,210 Get Nice Holdings, Ltd. 540,000 18,992 Giordano International, Ltd. 258,000 143,570 * Global Brands Group Holding, Ltd. 906,000 85,735 #* Good Resources Holdings, Ltd. 410,000 21,743 # Great Eagle Holdings, Ltd. 46,000 252,260 # Guotai Junan International Holdings, Ltd. 380,000 116,987 Haitong International Securities Group, Ltd. 207,149 119,384 Hang Lung Group, Ltd. 93,000 353,259 Hang Lung Properties, Ltd. 109,000 271,092 Hang Seng Bank, Ltd. 17,500 380,460 Hanison Construction Holdings, Ltd. 26,565 5,197 * Hao Tian Development Group, Ltd. 244,999 8,142 Henderson Land Development Co., Ltd. 64,570 373,198 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) HK Electric Investments & HK Electric Investments, Ltd. 34,000 $ 32,375 # HKBN, Ltd. 96,500 95,386 * HKR International, Ltd. 135,200 75,075 HKT Trust & HKT, Ltd. 356,000 466,347 Hong Kong & China Gas Co., Ltd. 110,397 208,657 Hong Kong Aircraft Engineering Co., Ltd. 5,200 36,266 # Hong Kong Exchanges & Clearing, Ltd. 18,546 528,342 Hong Kong Ferry Holdings Co., Ltd. 10,000 11,672 * Hong Kong Television Network, Ltd. 112,000 38,404 # Hongkong & Shanghai Hotels, Ltd. (The) 66,500 118,209 Hongkong Chinese, Ltd. 136,000 24,897 Hopewell Holdings, Ltd. 65,000 248,610 #* Hsin Chong Group Holdings, Ltd. 202,000 6,789 Hung Hing Printing Group, Ltd. 86,000 18,265 Hutchison Telecommunications Hong Kong Holdings, Ltd. 266,000 102,070 Hysan Development Co., Ltd. 31,000 149,908 IGG, Inc. 41,000 68,973 #* Imagi International Holdings, Ltd. 31,500 2,454 International Housewares Retail Co., Ltd. 59,000 11,098 * iOne Holdings, Ltd. 600,000 14,652 IT, Ltd. 56,000 27,936 ITC Properties Group, Ltd. 67,200 26,220 Johnson Electric Holdings, Ltd. 63,875 226,973 Karrie International Holdings, Ltd. 110,000 17,441 Kerry Logistics Network, Ltd. 92,500 133,014 Kerry Properties, Ltd. 71,000 248,803 # Kingston Financial Group, Ltd. 414,000 144,058 Kowloon Development Co., Ltd. 72,000 79,313 Kwoon Chung Bus Holdings, Ltd. 22,000 13,090 L'Occitane International SA 53,250 123,100 Lai Sun Development Co., Ltd. 2,876,000 106,630 * Landing International Development, Ltd. 5,340,000 61,439 # Li & Fung, Ltd. 984,000 359,953 Lifestyle International Holdings, Ltd. 80,500 109,560 Lippo China Resources, Ltd. 210,000 7,523 Liu Chong Hing Investment, Ltd. 38,000 62,825 Luk Fook Holdings International, Ltd. 46,000 168,892 Lung Kee Bermuda Holdings 24,000 11,149 Magnificent Hotel Investment, Ltd. 102,000 2,962 Man Wah Holdings, Ltd. 140,800 121,539 * Mason Group Holdings, Ltd. 919,598 12,226 # Master Glory Group, Ltd. 1,590,000 21,734 #* Midland Holdings, Ltd. 64,000 17,021 * Midland IC&I, Ltd. 32,000 1,616 Ming Fai International Holdings, Ltd. 64,000 10,072 Miramar Hotel & Investment 18,000 41,236 Modern Dental Group, Ltd. 33,000 12,660 * Mongolian Mining Corp. 552,000 19,459 MTR Corp., Ltd. 41,561 239,997 * NetMind Financial Holdings, Ltd. 4,280,000 20,253 * New Times Energy Corp., Ltd. 280,000 8,849 New World Development Co., Ltd. 392,744 530,380 * Newocean Energy Holdings, Ltd. 156,000 46,110 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) * Nine Express, Ltd. 288,000 $ 10,494 NWS Holdings, Ltd. 77,354 147,984 * O Luxe Holdings, Ltd. 132,000 24,485 * Orange Sky Golden Harvest Entertainment Holdings, Ltd. 320,000 40,528 * Orient Overseas International, Ltd. 31,500 293,151 * Pacific Basin Shipping, Ltd. 605,000 132,192 Pacific Textiles Holdings, Ltd. 89,000 100,651 Paliburg Holdings, Ltd. 58,000 24,784 PCCW, Ltd. 505,000 284,001 Pico Far East Holdings, Ltd. 136,000 56,057 Playmates Holdings, Ltd. 140,000 19,888 Playmates Toys, Ltd. 96,000 16,336 Polytec Asset Holdings, Ltd. 160,000 13,823 Power Assets Holdings, Ltd. 31,500 312,000 Prada SpA 19,700 70,325 PT International Development Co., Ltd. 190,000 12,892 Public Financial Holdings, Ltd. 40,000 18,581 Regal Hotels International Holdings, Ltd. 60,000 46,993 # Regina Miracle International Holdings, Ltd. 53,000 46,676 #* Rentian Technology Holdings, Ltd. 210,000 10,212 SA SA International Holdings, Ltd. 71,866 26,397 Samsonite International SA 75,300 315,337 SAS Dragon Holdings, Ltd. 64,000 18,925 SEA Holdings, Ltd. 18,000 21,196 * SEEC Media Group, Ltd. 1,360,000 6,263 Shangri-La Asia, Ltd. 162,000 263,085 Shenwan Hongyuan HK, Ltd. 67,500 25,438 Shun Ho Property Investments, Ltd. 1,683 663 * Shun Tak Holdings, Ltd. 268,000 115,577 * Singamas Container Holdings, Ltd. 202,000 28,937 Sino Land Co., Ltd. 173,008 285,337 SITC International Holdings Co., Ltd. 232,000 193,018 Sitoy Group Holdings, Ltd. 46,000 10,064 SmarTone Telecommunications Holdings, Ltd. 66,500 87,333 * SOCAM Development, Ltd. 24,000 7,276 * Solartech International Holdings, Ltd. 400,000 26,105 # Soundwill Holdings, Ltd. 16,500 41,358 Stella International Holdings, Ltd. 40,000 68,558 Sun Hung Kai & Co., Ltd. 115,000 75,944 Sun Hung Kai Properties, Ltd. 41,196 637,395 * Suncorp Technologies, Ltd. 2,720,000 9,030 Swire Pacific, Ltd. Class A 29,000 288,960 Swire Pacific, Ltd. Class B 50,000 88,554 Swire Properties, Ltd. 25,000 86,362 TAI Cheung Holdings, Ltd. 27,000 29,439 Tao Heung Holdings, Ltd. 46,000 9,541 Techtronic Industries Co., Ltd. 67,500 299,922 Television Broadcasts, Ltd. 42,600 155,940 # Texwinca Holdings, Ltd. 126,000 76,440 TK Group Holdings, Ltd. 28,000 11,455 # Town Health International Medical Group, Ltd. 86,000 6,498 # Tradelink Electronic Commerce, Ltd. 100,000 18,939 Transport International Holdings, Ltd. 43,200 145,691 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- HONG KONG -- (Continued) * Trinity, Ltd. 32,000 $ 1,843 * TSC Group Holdings, Ltd. 51,000 4,504 Tsui Wah Holdings, Ltd. 56,000 8,664 #* United Laboratories International Holdings, Ltd. (The) 78,000 48,887 # Value Partners Group, Ltd. 16,000 14,866 Vantage International Holdings, Ltd. 100,000 14,303 Varitronix International, Ltd. 38,000 20,290 Vedan International Holdings, Ltd. 124,000 14,598 Victory City International Holdings, Ltd. 166,662 5,650 # Vitasoy International Holdings, Ltd. 98,000 209,422 # VST Holdings, Ltd. 70,000 18,580 VTech Holdings, Ltd. 12,000 173,572 Wai Kee Holdings, Ltd. 34,000 15,420 Wang On Group, Ltd. 880,000 7,991 WH Group, Ltd. 681,000 638,534 Wharf Holdings, Ltd. (The) 40,000 339,986 Wheelock & Co., Ltd. 47,000 354,168 Win Hanverky Holdings, Ltd. 108,000 15,197 * Winfull Group Holdings, Ltd. 496,000 12,442 Wing Tai Properties, Ltd. 44,000 30,112 Wonderful Sky Financial Group Holdings, Ltd. 46,000 11,889 Xinyi Glass Holdings, Ltd. 238,000 245,925 # Yeebo International Holdings, Ltd. 44,000 24,143 Yue Yuen Industrial Holdings, Ltd. 100,000 412,866 Yugang International, Ltd. 898,000 21,854 ----------- TOTAL HONG KONG 23,557,850 ----------- IRELAND -- (0.6%) * Bank of Ireland Group P.L.C. 81,525 680,389 CRH P.L.C. 3,476 122,011 CRH P.L.C. Sponsored ADR 38,306 1,343,391 Datalex P.L.C. 7,778 34,737 * FBD Holdings P.L.C. 1,219 12,195 Glanbia P.L.C. 18,401 380,924 IFG Group P.L.C. 4,791 9,930 * Independent News & Media P.L.C. 56,438 7,467 Irish Continental Group P.L.C. 17,203 109,288 Kerry Group P.L.C. Class A 4,087 369,925 Kingspan Group P.L.C. 22,655 754,612 Smurfit Kappa Group P.L.C. 27,523 818,562 ----------- TOTAL IRELAND 4,643,431 ----------- ISRAEL -- (0.6%) * ADO Group, Ltd. 1,782 25,043 * Africa Israel Investments, Ltd. 13,388 1,023 * Africa Israel Properties, Ltd. 1,551 30,885 Africa Israel Residences, Ltd. 740 13,941 * Airport City, Ltd. 5,385 71,147 * Allot Communications, Ltd. 2,708 13,461 Alrov Properties and Lodgings, Ltd. 511 14,687 Amot Investments, Ltd. 13,239 70,271 Arad, Ltd. 1,741 17,789 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- ISRAEL -- (Continued) Avgol Industries 1953, Ltd. 10,837 $ 13,300 Azrieli Group, Ltd. 887 48,469 Bank Hapoalim BM 69,294 479,986 Bank Leumi Le-Israel BM 149,233 716,937 Bayside Land Corp. 57 24,540 Bezeq The Israeli Telecommunication Corp., Ltd. 65,094 96,641 Big Shopping Centers, Ltd. 376 26,341 Blue Square Real Estate, Ltd. 266 12,165 * Brack Capital Properties NV 313 31,200 #* Cellcom Israel, Ltd.(M2196U109) 3,337 31,034 * Cellcom Israel, Ltd.(B23WQK8) 5,825 54,078 * Ceragon Networks, Ltd. 7,505 17,426 * Clal Biotechnology Industries, Ltd. 6,520 6,918 * Clal Insurance Enterprises Holdings, Ltd. 2,747 44,477 * Compugen, Ltd. 2,798 11,020 Delek Automotive Systems, Ltd. 4,902 40,531 Delek Group, Ltd. 496 101,574 Delta-Galil Industries, Ltd. 1,714 47,467 Direct Insurance Financial Investments, Ltd. 2,037 21,841 El Al Israel Airlines 62,551 59,518 Electra Consumer Products 1970, Ltd. 1,731 33,945 Electra, Ltd. 214 42,319 Energix-Renewable Energies, Ltd. 22,483 18,358 * Equital, Ltd. 689 16,368 * Evogene, Ltd. 2,044 9,997 First International Bank Of Israel, Ltd. 6,693 122,159 FMS Enterprises Migun, Ltd. 330 12,253 Formula Systems 1985, Ltd. 1,487 54,546 Fox Wizel, Ltd. 1,377 28,566 Frutarom Industries, Ltd. 2,640 187,182 * Gilat Satellite Networks, Ltd. 2,199 12,029 * Hadera Paper, Ltd. 228 13,934 Harel Insurance Investments & Financial Services, Ltd. 19,526 116,111 Hilan, Ltd. 713 12,942 IDI Insurance Co., Ltd. 548 31,249 * Industrial Buildings Corp., Ltd. 7,968 10,797 Inrom Construction Industries, Ltd. 2,924 13,507 Israel Chemicals, Ltd. 32,912 156,835 * Israel Discount Bank, Ltd. Class A 87,778 226,282 Israel Land Development Co., Ltd. (The) 1,404 13,107 * Jerusalem Oil Exploration 1,531 81,235 * Kamada, Ltd. 2,567 11,561 * Kenon Holdings, Ltd. 973 13,542 Klil Industries, Ltd. 104 11,642 Matrix IT, Ltd. 3,922 40,308 Maytronics, Ltd. 4,774 17,060 #* Mazor Robotics, Ltd. Sponsored ADR 667 26,667 Melisron, Ltd. 1,228 62,599 Menora Mivtachim Holdings, Ltd. 3,797 46,027 Migdal Insurance & Financial Holding, Ltd. 59,686 61,225 Mivtach Shamir Holdings, Ltd. 361 7,487 Mizrahi Tefahot Bank, Ltd. 16,115 291,197 * Naphtha Israel Petroleum Corp., Ltd. 7,929 54,015 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ISRAEL -- (Continued) Neto ME Holdings, Ltd. 132 $ 12,900 Nice, Ltd. 579 43,157 # NIice, Ltd. Sponsored ADR 1,166 87,054 * Nova Measuring Instruments, Ltd. 2,172 51,125 Oil Refineries, Ltd. 251,960 117,160 * Partner Communications Co., Ltd. 21,827 110,603 * Partner Communications Co., Ltd. ADR 1,321 6,460 Paz Oil Co., Ltd. 987 164,781 * Phoenix Holdings, Ltd. (The) 8,699 37,004 Plasson Industries, Ltd. 286 10,521 Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. 443 21,095 Scope Metals Group, Ltd. 1,136 31,779 Shapir Engineering and Industry, Ltd. 5,081 16,971 Shikun & Binui, Ltd. 47,285 108,730 Shufersal, Ltd. 12,525 68,053 Strauss Group, Ltd. 4,175 79,952 Summit Real Estate Holdings, Ltd. 4,078 26,757 * Tower Semiconductor, Ltd.(6320605) 5,566 148,039 * Tower Semiconductor, Ltd.(M87915274) 1,998 52,248 * Union Bank of Israel 2,641 13,583 ---------- TOTAL ISRAEL 5,208,733 ---------- ITALY -- (2.8%) A2A SpA 234,510 398,930 ACEA SpA 11,372 170,711 * Aeffe SpA 5,749 12,188 Amplifon SpA 7,765 111,302 Anima Holding SpA 29,387 238,491 * Ansaldo STS SpA 8,379 114,989 * Arnoldo Mondadori Editore SpA 26,239 54,658 Ascopiave SpA 8,110 33,233 Assicurazioni Generali SpA 66,756 1,210,834 Astaldi SpA 7,476 49,659 Atlantia SpA 20,349 618,990 Autogrill SpA 15,675 186,111 # Azimut Holding SpA 11,630 260,574 #* Banca Carige SpA 40,876 12,270 Banca Generali SpA 5,928 210,288 Banca IFIS SpA 5,129 240,707 Banca Mediolanum SpA 18,738 163,842 #* Banca Monte dei Paschi di Siena SpA 616 8,253 Banca Popolare di Sondrio SCPA 60,360 263,390 * Banco BPM SpA 159,808 582,054 Banco di Desio e della Brianza SpA 2,839 8,368 # BasicNet SpA 5,935 27,747 # BE 12,564 12,781 Biesse SpA 1,697 64,671 BPER Banca 69,950 384,273 Brembo SpA 16,490 253,575 Brunello Cucinelli SpA 2,580 75,789 Buzzi Unicem SpA 9,385 237,688 # Cairo Communication SpA 2,986 13,909 Cementir Holding SpA 7,248 51,631 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) Cerved Information Solutions SpA 18,537 $ 212,595 CIR-Compagnie Industriali Riunite SpA 67,352 100,234 Credito Emiliano SpA 11,252 97,056 #* Credito Valtellinese SpA 12,524 60,711 * d'Amico International Shipping SA 18,243 5,670 Danieli & C Officine Meccaniche SpA 1,892 48,736 Datalogic SpA 1,853 56,894 De' Longhi SpA 5,242 172,398 DeA Capital SpA 19,387 28,796 DiaSorin SpA 2,271 198,072 Ei Towers SpA 2,544 155,632 El.En. SpA 2,288 67,065 Emak SpA 5,292 9,893 # Enel SpA 162,382 926,275 Eni SpA 58,318 923,357 # Eni SpA Sponsored ADR 3,109 98,182 ERG SpA 9,634 137,665 Esprinet SpA 4,821 37,238 Falck Renewables SpA 33,839 50,807 Ferrari NV 5,231 550,466 * Fiat Chrysler Automobiles NV(N31738102) 31,155 376,664 * Fiat Chrysler Automobiles NV(BRJFWP3) 95,249 1,148,546 * Fincantieri SpA 26,991 31,891 FinecoBank Banca Fineco SpA 48,677 426,622 FNM SpA 35,502 22,574 * GEDI Gruppo Editoriale SpA 17,972 16,682 # Geox SpA 10,145 40,262 Gruppo MutuiOnline SpA 2,317 37,027 Hera SpA 127,125 411,070 * IMMSI SpA 14,941 8,099 Industria Macchine Automatiche SpA 2,082 206,370 Infrastrutture Wireless Italiane SpA 13,961 90,154 #* Intek Group SpA 25,413 8,969 Interpump Group SpA 6,724 204,586 Intesa Sanpaolo SpA 259,852 894,522 Iren SpA 48,926 124,504 Italgas SpA 46,594 256,535 Italmobiliare SpA 1,686 47,898 #* Juventus Football Club SpA 81,554 57,348 La Doria SpA 1,769 21,473 Luxottica Group SpA 4,181 241,366 # Maire Tecnimont SpA 12,278 68,882 MARR SpA 2,612 66,973 #* Mediaset SpA 130,980 512,009 Mediobanca SpA 52,905 551,990 Moncler SpA 20,129 540,551 OVS SpA 8,982 67,944 Parmalat SpA 24,905 90,252 # Piaggio & C SpA 32,168 89,302 Prima Industrie SpA 595 18,543 Prysmian SpA 17,739 567,398 RAI Way SpA 9,425 51,867 Recordati SpA 7,525 321,209 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ITALY -- (Continued) # Reno de Medici SpA 51,419 $ 26,028 Reply SpA 437 92,391 #* Retelit SpA 14,038 21,551 Sabaf SpA 1,265 22,829 SAES Getters SpA 993 20,854 * Safilo Group SpA 3,432 26,314 * Saipem SpA 77,888 319,587 # Salini Impregilo SpA 35,532 124,813 # Salvatore Ferragamo SpA 5,986 173,512 Saras SpA 117,193 269,649 SAVE SpA 709 17,558 Sesa SpA 1,124 32,800 Snam SpA 76,616 362,491 Societa Cattolica di Assicurazioni SCRL 23,217 200,766 Societa Iniziative Autostradali e Servizi SpA 10,349 142,401 #* Sogefi SpA 7,836 39,746 SOL SpA 4,287 52,031 Tamburi Investment Partners SpA 2,892 19,410 # Tenaris SA 8,560 135,441 Terna Rete Elettrica Nazionale SpA 76,180 435,198 #* Tiscali SpA 259,219 12,413 # Tod's SpA 1,485 103,167 #* Trevi Finanziaria Industriale SpA 7,195 6,126 * UniCredit SpA 50,436 991,270 Unione di Banche Italiane SpA 170,244 822,461 Unipol Gruppo Finanziario SpA 67,390 315,499 #* Yoox Net-A-Porter Group SpA 3,481 115,299 Zignago Vetro SpA 1,654 14,717 ----------- TOTAL ITALY 22,546,052 ----------- JAPAN -- (22.0%) 77 Bank, Ltd. (The) 57,000 293,870 A&D Co., Ltd. 4,500 18,698 ABC-Mart, Inc. 1,400 79,829 Abist Co., Ltd. 400 16,080 Achilles Corp. 2,100 36,994 #* Acom Co., Ltd. 3,200 13,628 Adastria Co., Ltd. 4,080 101,922 ADEKA Corp. 12,800 196,495 # Adtec Plasma Technology Co., Ltd. 1,000 17,524 Advan Co., Ltd. 2,000 18,085 # Advantest Corp. 10,500 192,155 Aeon Co., Ltd. 51,566 776,989 Aeon Delight Co., Ltd. 3,300 110,240 Aeon Fantasy Co., Ltd. 1,100 33,878 AEON Financial Service Co., Ltd. 9,100 198,063 Aeon Mall Co., Ltd. 6,100 116,181 Agro-Kanesho Co., Ltd. 300 4,100 Ahresty Corp. 2,700 27,489 Ai Holdings Corp. 3,100 85,411 Aica Kogyo Co., Ltd. 4,300 137,989 Aichi Bank, Ltd. (The) 1,300 72,320 Aichi Corp. 5,100 36,146 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Aichi Steel Corp. 1,700 $ 71,147 Aichi Tokei Denki Co., Ltd. 500 17,167 Aida Engineering, Ltd. 8,600 86,984 Ain Holdings, Inc. 1,500 108,108 Aiphone Co., Ltd. 700 12,359 Air Water, Inc. 23,400 453,051 Airport Facilities Co., Ltd. 2,000 10,879 Aisan Industry Co., Ltd. 5,300 47,337 Aisan Technology Co., Ltd. 500 16,331 Aisin Seiki Co., Ltd. 13,618 707,986 Aizawa Securities Co., Ltd. 5,100 32,850 Ajinomoto Co., Inc. 10,500 211,184 Ajis Co., Ltd. 1,100 22,279 * Akebono Brake Industry Co., Ltd. 12,600 41,676 Akita Bank, Ltd. (The) 25,000 72,241 Albis Co., Ltd. 800 33,399 Alconix Corp. 1,800 35,596 Alfresa Holdings Corp. 8,000 147,233 # Alinco, Inc. 2,600 29,067 Alpen Co., Ltd. 3,400 62,142 # Alpha Corp. 700 15,548 Alpine Electronics, Inc. 8,100 147,680 Alps Electric Co., Ltd. 10,200 277,371 Alps Logistics Co., Ltd. 1,800 12,986 Altech Corp. 600 20,011 Amada Holdings Co., Ltd. 19,500 222,712 Amano Corp. 9,200 209,375 Amiyaki Tei Co., Ltd. 600 22,909 Amuse, Inc. 600 16,511 ANA Holdings, Inc. 17,000 58,364 Anest Iwata Corp. 2,400 22,358 Anicom Holdings, Inc. 1,200 30,376 Anritsu Corp. 7,900 63,650 AOI TYO Holdings, Inc. 2,466 25,560 AOKI Holdings, Inc. 7,000 90,608 Aomori Bank, Ltd. (The) 28,000 97,954 Aoyama Trading Co., Ltd. 7,300 254,458 Aozora Bank, Ltd. 61,000 234,426 Arakawa Chemical Industries, Ltd. 3,000 52,708 # Arata Corp. 1,400 49,503 Araya Industrial Co., Ltd. 8,000 14,358 Arcland Sakamoto Co., Ltd. 3,200 43,805 Arcland Service Holdings Co., Ltd. 800 13,919 Arcs Co., Ltd. 4,400 95,153 # Ardepro Co., Ltd. 18,900 24,311 Argo Graphics, Inc. 600 14,658 Ariake Japan Co., Ltd. 400 28,677 Arisawa Manufacturing Co., Ltd. 3,400 28,946 * Arrk Corp. 12,600 13,705 Artnature, Inc. 3,000 19,337 ArtSpark Holdings, Inc. 1,700 21,324 As One Corp. 800 39,963 Asahi Co., Ltd. 1,700 20,444 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Asahi Diamond Industrial Co., Ltd. 7,500 $ 56,721 Asahi Glass Co., Ltd. 13,400 563,999 Asahi Holdings, Inc. 4,300 80,806 Asahi Intecc Co., Ltd. 3,200 143,697 Asahi Kasei Corp. 79,000 902,175 Asahi Kogyosha Co., Ltd. 600 18,083 Asahi Yukizai Corp. 8,000 19,061 Asanuma Corp. 11,000 33,694 Asatsu-DK, Inc. 4,900 125,602 # Ashimori Industry Co., Ltd. 11,000 35,063 Asia Pile Holdings Corp. 6,300 42,699 # Asics Corp. 7,400 134,515 ASKUL Corp. 1,600 49,032 # Asukanet Co., Ltd. 1,300 19,122 Asunaro Aoki Construction Co., Ltd. 2,200 18,873 # Ateam, Inc. 900 23,062 Atsugi Co., Ltd. 26,000 29,014 Autobacs Seven Co., Ltd. 5,800 96,639 Avex Group Holdings, Inc. 6,600 86,790 Awa Bank, Ltd. (The) 29,000 190,463 Axell Corp. 1,700 11,497 Axial Retailing, Inc. 2,100 82,349 Azbil Corp. 6,700 264,662 Bandai Namco Holdings, Inc. 8,200 285,059 Bando Chemical Industries, Ltd. 6,000 61,391 Bank of Iwate, Ltd. (The) 2,600 101,204 # Bank of Kochi, Ltd. (The) 3,000 3,426 Bank of Kyoto, Ltd. (The) 32,000 306,724 # Bank of Nagoya, Ltd. (The) 1,899 69,857 Bank of Okinawa, Ltd. (The) 3,480 137,399 Bank of Saga, Ltd. (The) 23,000 54,401 Bank of the Ryukyus, Ltd. 3,900 55,668 Belc Co., Ltd. 1,600 72,678 Bell System24 Holdings, Inc. 4,800 53,901 Belluna Co., Ltd. 4,800 55,197 Benefit One, Inc. 1,700 69,036 Benesse Holdings, Inc. 4,700 179,878 Bic Camera, Inc. 15,400 178,737 BML, Inc. 4,100 84,348 Bookoff Corp. 3,100 22,722 Broadleaf Co., Ltd. 5,200 34,939 # BRONCO BILLY Co., Ltd. 700 17,229 Bunka Shutter Co., Ltd. 7,500 64,525 C Uyemura & Co., Ltd. 300 17,212 CAC Holdings Corp. 3,200 30,411 Calbee, Inc. 2,600 107,791 Can Do Co., Ltd. 700 10,833 Canon Electronics, Inc. 1,700 33,101 Canon Marketing Japan, Inc. 5,000 110,443 Canon, Inc. 18,700 650,589 Capcom Co., Ltd. 7,100 175,868 Carlit Holdings Co., Ltd. 4,800 27,904 # Casio Computer Co., Ltd. 21,800 357,093 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Cawachi, Ltd. 2,300 $ 56,767 Central Automotive Products, Ltd. 1,900 26,814 Central Glass Co., Ltd. 22,000 96,524 Central Japan Railway Co. 1,800 289,668 # Central Security Patrols Co., Ltd. 700 12,866 Central Sports Co., Ltd. 1,400 59,430 Chiba Bank, Ltd. (The) 36,000 258,280 Chiba Kogyo Bank, Ltd. (The) 7,600 39,193 Chilled & Frozen Logistics Holdings Co., Ltd. 1,100 13,089 Chiyoda Co., Ltd. 2,200 57,321 Chiyoda Corp. 17,000 102,104 Chiyoda Integre Co., Ltd. 2,200 47,249 Chofu Seisakusho Co., Ltd. 2,800 68,483 Chori Co., Ltd. 1,600 29,651 Chubu Electric Power Co., Inc. 10,700 140,598 Chubu Shiryo Co., Ltd. 4,100 59,136 Chudenko Corp. 4,200 112,380 Chuetsu Pulp & Paper Co., Ltd. 18,000 37,532 Chugai Pharmaceutical Co., Ltd. 1,300 52,135 Chugai Ro Co., Ltd. 14,000 27,799 Chugoku Bank, Ltd. (The) 18,000 260,913 # Chugoku Electric Power Co., Inc. (The) 6,600 72,355 Chugoku Marine Paints, Ltd. 10,000 77,700 Chukyo Bank, Ltd. (The) 1,300 27,365 Chuo Spring Co., Ltd. 4,000 13,227 CI Takiron Corp. 6,000 32,680 Ci:z Holdings Co., Ltd. 2,800 100,691 Citizen Watch Co., Ltd. 41,800 310,790 CKD Corp. 4,900 82,097 Cleanup Corp. 2,800 22,544 CMIC Holdings Co., Ltd. 1,800 25,001 CMK Corp. 8,000 71,519 Coca-Cola Bottlers Japan, Inc. 9,956 300,276 Coco's Japan Co., Ltd. 800 15,602 Cocokara fine, Inc. 1,900 99,288 # COLOPL, Inc. 10,700 119,999 Computer Engineering & Consulting, Ltd. 1,300 25,215 COMSYS Holdings Corp. 11,100 227,400 Comture Corp. 300 13,742 Concordia Financial Group, Ltd. 81,732 412,150 CONEXIO Corp. 4,000 65,880 COOKPAD, Inc. 3,700 31,687 Corona Corp. 2,100 22,029 Cosmo Energy Holdings Co., Ltd. 12,600 218,325 Cosmos Pharmaceutical Corp. 300 63,868 # CRE, Inc. 1,200 16,724 Create Medic Co., Ltd. 1,400 12,535 # Create Restaurants Holdings, Inc. 4,300 43,945 Create SD Holdings Co., Ltd. 3,000 75,908 Credit Saison Co., Ltd. 14,300 275,439 Creek & River Co., Ltd. 1,300 16,058 Cresco, Ltd. 400 13,097 # CROOZ, Inc. 600 15,618 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) CTI Engineering Co., Ltd. 1,300 $ 12,993 CTS Co., Ltd. 4,000 26,259 Cube System, Inc. 2,300 17,127 CyberAgent, Inc. 6,400 197,665 #* CYBERDYNE, Inc. 1,700 23,132 Cybozu, Inc. 3,300 15,093 D.A. Consortium Holdings, Inc. 5,400 70,428 Dai Nippon Printing Co., Ltd. 30,000 330,904 Dai Nippon Toryo Co., Ltd. 21,000 58,431 Dai-Dan Co., Ltd. 4,000 54,754 Dai-ichi Life Holdings, Inc. 38,200 659,866 Dai-ichi Seiko Co., Ltd. 1,300 29,016 Daibiru Corp. 8,000 90,150 Daicel Corp. 26,600 345,750 Daido Kogyo Co., Ltd. 5,000 15,269 Daido Metal Co., Ltd. 4,700 42,127 Daido Steel Co., Ltd. 44,000 267,770 # Daidoh, Ltd. 4,900 19,645 Daifuku Co., Ltd. 9,200 317,731 Daihatsu Diesel Manufacturing Co., Ltd. 2,000 12,952 Daihen Corp. 8,000 71,319 Daiho Corp. 15,000 72,490 Daiichi Jitsugyo Co., Ltd. 9,000 52,222 Daiichi Kigenso Kagaku-Kogyo Co., Ltd. 2,500 30,165 Daiichikosho Co., Ltd. 4,400 211,915 Daiken Corp. 1,900 46,550 # Daiken Medical Co., Ltd. 2,300 16,451 Daiki Aluminium Industry Co., Ltd. 4,000 24,575 Daikokutenbussan Co., Ltd. 1,000 49,589 Daikyo, Inc. 31,000 64,933 Daikyonishikawa Corp. 7,800 116,499 Dainichi Co., Ltd. 2,000 14,899 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 9,000 75,229 # Daio Paper Corp. 12,300 159,717 Daisan Bank, Ltd. (The) 1,600 24,880 Daiseki Co., Ltd. 2,900 68,875 Daishi Bank, Ltd. (The) 40,000 183,315 Daishinku Corp. 600 10,115 Daisue Construction Co., Ltd. 1,600 15,084 Daito Pharmaceutical Co., Ltd. 2,100 56,032 Daito Trust Construction Co., Ltd. 2,200 371,851 Daitron Co., Ltd. 1,200 17,050 Daiwa House Industry Co., Ltd. 12,000 418,577 Daiwa Industries, Ltd. 4,000 45,619 Daiwa Securities Group, Inc. 87,000 501,060 Daiwabo Holdings Co., Ltd. 33,000 129,868 DCM Holdings Co., Ltd. 17,500 152,396 Dena Co., Ltd. 9,800 215,297 Denka Co., Ltd. 67,000 372,093 Denki Kogyo Co., Ltd. 10,000 51,364 Denso Corp. 12,300 590,712 Dentsu, Inc. 5,100 238,464 Denyo Co., Ltd. 2,100 36,924 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Descente, Ltd. 5,200 $ 75,554 Dexerials Corp. 4,800 58,009 DIC Corp. 14,600 550,689 Digital Arts, Inc. 800 27,286 Dip Corp. 3,200 67,506 Disco Corp. 1,300 230,404 DKS Co., Ltd. 6,000 28,986 DMG Mori Co., Ltd. 20,700 343,384 Don Quijote Holdings Co., Ltd. 3,500 127,116 Doshisha Co., Ltd. 2,200 44,320 Doutor Nichires Holdings Co., Ltd. 2,600 57,462 Dowa Holdings Co., Ltd. 41,000 331,007 * Drecom Co., Ltd. 1,200 15,884 DTS Corp. 3,500 106,845 # Dunlop Sports Co., Ltd. 2,200 22,442 Duskin Co., Ltd. 4,500 122,161 # DyDo Group Holdings, Inc. 1,300 64,475 # E-Guardian, Inc. 1,200 25,093 Eagle Industry Co., Ltd. 4,000 69,617 Earth Chemical Co., Ltd. 1,200 66,572 Ebara Corp. 10,800 315,943 Ebara Jitsugyo Co., Ltd. 1,200 17,025 Eco's Co., Ltd. 2,100 21,238 # EDION Corp. 11,900 109,641 EF-ON, Inc. 1,500 13,549 # eGuarantee, Inc. 900 21,170 Ehime Bank, Ltd. (The) 5,400 68,238 Eidai Co., Ltd. 3,000 14,169 Eighteenth Bank, Ltd. (The) 19,000 50,571 Eiken Chemical Co., Ltd. 1,500 49,664 Eizo Corp. 3,100 124,290 Elecom Co., Ltd. 1,500 32,369 Electric Power Development Co., Ltd. 3,400 86,148 Elematec Corp. 1,400 25,397 en-japan, Inc. 2,600 74,550 Endo Lighting Corp. 1,300 14,707 #* Eneres Co., Ltd. 2,700 12,384 * Enigmo, Inc. 1,100 16,491 Enplas Corp. 1,400 57,615 EPS Holdings, Inc. 6,100 100,042 # eRex Co., Ltd. 2,900 25,536 # ES-Con Japan, Ltd. 8,200 39,407 ESCRIT, Inc. 2,500 17,042 # Escrow Agent Japan Co., Ltd. 1,100 32,256 ESPEC Corp. 2,400 40,999 Excel Co., Ltd. 1,300 16,928 Exedy Corp. 4,100 128,318 Ezaki Glico Co., Ltd. 2,700 141,968 # F-Tech, Inc. 1,300 17,987 F@N Communications, Inc. 4,000 36,626 Falco Holdings Co., Ltd. 1,000 13,995 FamilyMart UNY Holdings Co., Ltd. 6,200 347,240 Fancl Corp. 1,300 27,979 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) FANUC Corp. 800 $163,564 Fast Retailing Co., Ltd. 800 240,039 FCC Co., Ltd. 5,700 124,646 Feed One Co., Ltd. 17,600 38,634 Ferrotec Holdings Corp. 5,400 80,130 * FFRI, Inc. 300 13,503 FIDEA Holdings Co., Ltd. 26,200 42,956 Financial Products Group Co., Ltd. 7,800 88,291 # FINDEX, Inc. 1,800 15,339 First Juken Co., Ltd. 1,100 15,795 # Fixstars Corp. 500 16,484 FJ Next Co., Ltd. 2,400 19,325 * Flight Holdings, Inc. 2,300 19,773 Foster Electric Co., Ltd. 2,600 51,051 FP Corp. 2,400 131,300 France Bed Holdings Co., Ltd. 1,800 16,392 # Freebit Co., Ltd. 2,300 18,621 Freund Corp. 1,200 17,195 Fudo Tetra Corp. 24,400 40,281 Fuji Co., Ltd. 1,600 39,833 Fuji Corp. 600 11,078 Fuji Corp., Ltd. 3,900 26,450 Fuji Electric Co., Ltd. 67,000 368,886 Fuji Kiko Co., Ltd. 3,000 19,989 # Fuji Kyuko Co., Ltd. 4,000 42,105 # Fuji Machine Manufacturing Co., Ltd. 7,400 120,397 Fuji Media Holdings, Inc. 5,400 78,021 Fuji Oil Co., Ltd. 8,000 24,382 Fuji Oil Holdings, Inc. 9,900 233,907 Fuji Pharma Co., Ltd. 400 13,677 Fuji Seal International, Inc. 7,000 196,433 Fuji Soft, Inc. 2,900 83,225 Fujibo Holdings, Inc. 1,600 48,545 Fujicco Co., Ltd. 2,000 48,480 Fujikura Kasei Co., Ltd. 3,000 17,638 # Fujikura Rubber, Ltd. 2,100 13,308 Fujikura, Ltd. 45,900 386,444 Fujimi, Inc. 1,800 40,621 Fujimori Kogyo Co., Ltd. 2,200 65,543 # Fujisash Co., Ltd. 13,200 13,614 Fujita Kanko, Inc. 900 32,555 Fujitec Co., Ltd. 6,600 91,048 Fujitsu Frontech, Ltd. 1,500 28,569 Fujitsu General, Ltd. 7,000 147,758 Fujitsu, Ltd. 86,000 640,419 Fujiya Co., Ltd. 1,000 22,452 FuKoKu Co., Ltd. 1,300 12,327 Fukuda Corp. 800 36,695 Fukuda Denshi Co., Ltd. 300 22,301 Fukui Bank, Ltd. (The) 35,000 85,295 Fukui Computer Holdings, Inc. 700 25,531 Fukuoka Financial Group, Inc. 69,000 318,113 Fukushima Bank, Ltd. (The) 22,000 17,344 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Fukushima Industries Corp. 1,900 $ 78,893 Fukuyama Transporting Co., Ltd. 20,000 127,740 FULLCAST Holdings Co., Ltd. 2,200 27,693 # Fumakilla, Ltd. 3,000 32,112 Funai Electric Co., Ltd. 3,500 31,729 Funai Soken Holdings, Inc. 1,920 50,020 # Furukawa Battery Co., Ltd. (The) 4,000 33,425 Furukawa Electric Co., Ltd. 10,800 487,393 Furuno Electric Co., Ltd. 4,600 27,550 Furusato Industries, Ltd. 2,200 35,020 Furyu Corp. 2,000 23,025 Fuso Chemical Co., Ltd. 2,500 83,287 Fuso Pharmaceutical Industries, Ltd. 600 15,103 Futaba Corp. 4,200 77,026 Futaba Industrial Co., Ltd. 11,600 120,189 Future Corp. 3,700 29,927 Fuyo General Lease Co., Ltd. 2,500 146,566 G-7 Holdings, Inc. 1,200 25,241 G-Tekt Corp. 2,800 54,189 Gakken Holdings Co., Ltd. 800 23,790 # GCA Corp. 2,700 23,957 Gecoss Corp. 1,500 16,991 Genky Stores, Inc. 800 29,819 Geo Holdings Corp. 5,100 55,760 Geostr Corp. 1,200 10,295 # Giken, Ltd. 500 13,345 # GLOBERIDE, Inc. 1,800 31,158 Glory, Ltd. 6,500 216,452 # GMO Click Holdings, Inc. 1,900 13,214 # GMO Cloud K.K. 600 21,689 GMO internet, Inc. 7,300 94,143 GMO Payment Gateway, Inc. 1,000 58,987 Godo Steel, Ltd. 1,200 22,864 Gokurakuyu Holdings Co., Ltd. 1,800 13,148 Goldcrest Co., Ltd. 2,300 51,234 Grandy House Corp. 3,100 12,225 Gree, Inc. 6,600 50,706 GS Yuasa Corp. 60,000 283,186 GSI Creos Corp. 15,000 19,992 Gun-Ei Chemical Industry Co., Ltd. 800 26,606 # GungHo Online Entertainment, Inc. 25,500 68,898 Gunma Bank, Ltd. (The) 40,400 236,702 Gunze, Ltd. 14,000 54,024 Gurunavi, Inc. 2,200 35,988 H-One Co., Ltd. 3,000 34,402 H2O Retailing Corp. 13,060 213,702 Hachijuni Bank, Ltd. (The) 38,300 243,161 Hagihara Industries, Inc. 1,000 28,691 Hagiwara Electric Co., Ltd. 1,200 25,645 Hakuhodo DY Holdings, Inc. 7,500 105,261 Hakuto Co., Ltd. 1,700 22,924 Hamakyorex Co., Ltd. 2,700 71,389 Hamamatsu Photonics K.K. 2,400 76,288 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Haneda Zenith Holdings Co., Ltd. 5,300 $ 16,511 Hankyu Hanshin Holdings, Inc. 13,000 463,989 Hanwa Co., Ltd. 26,000 185,943 Happinet Corp. 1,300 23,453 # Hard Off Corp. Co., Ltd. 1,400 14,516 Harima Chemicals Group, Inc. 1,800 17,492 # Harmonic Drive Systems, Inc. 1,800 77,751 Haruyama Holdings, Inc. 2,200 20,314 Haseko Corp. 28,200 353,082 Hazama Ando Corp. 29,400 202,875 # Hearts United Group Co., Ltd. 1,600 25,035 Heiwa Real Estate Co., Ltd. 5,800 90,964 Heiwado Co., Ltd. 4,600 104,531 Helios Techno Holdings Co., Ltd. 2,700 19,289 HI-LEX Corp. 2,800 73,184 Hibino Corp. 900 18,489 Hibiya Engineering, Ltd. 3,500 64,000 Hiday Hidaka Corp. 1,901 50,741 Hikari Tsushin, Inc. 500 54,600 Hioki EE Corp. 300 6,075 Hirakawa Hewtech Corp. 3,000 41,068 # Hiramatsu, Inc. 3,100 17,323 Hirano Tecseed Co., Ltd. 1,800 26,606 # Hirata Corp. 600 67,900 Hirose Electric Co., Ltd. 500 68,084 Hiroshima Bank, Ltd. (The) 46,000 196,639 HIS Co., Ltd. 5,900 181,406 Hisaka Works, Ltd. 3,500 31,400 Hisamitsu Pharmaceutical Co., Inc. 1,500 70,320 Hitachi Kokusai Electric, Inc. 3,200 82,494 Hitachi Maxell, Ltd. 5,100 112,850 Hitachi Zosen Corp. 24,700 130,020 Hochiki Corp. 2,800 48,140 Hodogaya Chemical Co., Ltd. 700 30,040 Hogy Medical Co., Ltd. 1,100 80,284 Hokkaido Electric Power Co., Inc. 17,200 129,534 Hokkaido Gas Co., Ltd. 10,000 24,946 Hokkan Holdings, Ltd. 5,000 19,220 Hokko Chemical Industry Co., Ltd. 6,000 32,715 Hokkoku Bank, Ltd. (The) 36,000 145,491 Hokuetsu Bank, Ltd. (The) 3,200 75,966 Hokuetsu Industries Co., Ltd. 1,600 13,919 Hokuetsu Kishu Paper Co., Ltd. 21,700 152,268 Hokuhoku Financial Group, Inc. 17,300 281,236 Hokuriku Electric Industry Co., Ltd. 10,000 14,777 # Hokuriku Electric Power Co. 13,700 126,840 Hokuriku Electrical Construction Co., Ltd. 1,700 14,620 Hokuto Corp. 2,300 41,038 Honda Motor Co., Ltd. 89,600 2,508,069 Honeys Holdings Co., Ltd. 2,150 24,285 Hoosiers Holdings 5,200 52,141 Horiba, Ltd. 2,900 177,642 Hoshizaki Corp. 1,600 154,875 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Hosiden Corp. 8,900 $102,940 Hosokawa Micron Corp. 1,000 48,584 Hotland Co., Ltd. 900 12,002 House Foods Group, Inc. 4,400 113,583 # Howa Machinery, Ltd. 5,500 40,621 Hoya Corp. 6,200 349,599 Hulic Co., Ltd. 5,000 52,793 Hyakugo Bank, Ltd. (The) 37,000 149,189 Hyakujushi Bank, Ltd. (The) 35,000 113,535 I-Net Corp. 1,430 16,538 I-O Data Device, Inc. 1,100 12,198 Ibiden Co., Ltd. 17,400 301,969 IBJ Leasing Co., Ltd. 4,200 99,919 # IBJ, Inc. 2,700 17,395 Ichibanya Co., Ltd. 1,100 39,179 Ichigo, Inc. 19,100 58,337 Ichiken Co., Ltd. 6,000 22,253 Ichikoh Industries, Ltd. 9,000 70,551 Ichinen Holdings Co., Ltd. 2,300 26,980 Ichiyoshi Securities Co., Ltd. 4,900 43,934 Icom, Inc. 1,400 29,856 Idec Corp. 2,000 33,349 Idemitsu Kosan Co., Ltd. 13,500 327,665 # IDOM, Inc. 11,600 76,834 #* IGNIS, Ltd. 600 23,555 * IHI Corp. 148,000 487,800 Iida Group Holdings Co., Ltd. 10,340 176,669 Iino Kaiun Kaisha, Ltd. 18,800 86,444 Ikegami Tsushinki Co., Ltd. 20,000 28,992 Imagica Robot Holdings, Inc. 3,000 19,028 Imasen Electric Industrial 1,900 21,273 Inaba Denki Sangyo Co., Ltd. 3,400 133,918 # Inaba Seisakusho Co., Ltd. 1,700 21,018 Inabata & Co., Ltd. 7,200 101,208 Inageya Co., Ltd. 1,300 20,458 Ines Corp. 3,800 36,100 Infocom Corp. 2,400 58,716 Infomart Corp. 9,400 69,010 Information Development Co. 1,700 19,535 Information Services International-Dentsu, Ltd. 1,900 43,077 Innotech Corp. 2,300 15,668 Inpex Corp. 33,400 325,033 Intage Holdings, Inc. 2,400 49,049 Internet Initiative Japan, Inc. 4,300 77,739 Inui Global Logistics Co., Ltd. 1,800 13,794 Investors Cloud Co., Ltd. 300 15,374 Iriso Electronics Co., Ltd. 1,400 120,496 Iseki & Co., Ltd. 2,900 60,318 Isetan Mitsukoshi Holdings, Ltd. 30,300 295,278 * Ishihara Sangyo Kaisha, Ltd. 4,400 48,201 Istyle, Inc. 2,400 15,978 #* ITbook Co., Ltd. 3,900 19,128 Itfor, Inc. 3,700 20,848 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Ito En, Ltd. 4,500 $166,403 ITOCHU Corp. 26,000 407,719 Itochu Enex Co., Ltd. 6,700 60,291 Itochu Techno-Solutions Corp. 4,800 167,144 Itoham Yonekyu Holdings, Inc. 15,300 142,304 Itoki Corp. 9,400 76,358 #* Itokuro, Inc. 500 22,280 IwaiCosmo Holdings, Inc. 1,900 22,282 Iwaki & Co., Ltd. 6,000 22,293 Iwasaki Electric Co., Ltd. 11,000 21,268 Iwatani Corp. 31,000 200,966 Iwatsu Electric Co., Ltd. 29,000 23,647 Iyo Bank, Ltd. (The) 25,800 210,658 Izumi Co., Ltd. 2,700 140,861 J Front Retailing Co., Ltd. 23,800 340,157 # J Trust Co., Ltd. 12,400 98,846 J-Oil Mills, Inc. 1,400 48,862 JAC Recruitment Co., Ltd. 1,500 24,475 Jaccs Co., Ltd. 24,000 112,518 Jafco Co., Ltd. 4,400 210,421 Jalux, Inc. 1,500 37,818 # Jamco Corp. 400 10,140 Janome Sewing Machine Co., Ltd. 2,499 20,363 Japan Airlines Co., Ltd. 7,200 232,628 Japan Airport Terminal Co., Ltd. 1,100 40,773 Japan Asia Group, Ltd. 3,700 14,399 * Japan Asia Investment Co., Ltd. 2,700 10,424 #* Japan Asset Marketing Co., Ltd. 19,000 22,385 Japan Aviation Electronics Industry, Ltd. 10,000 157,991 #* Japan Display, Inc. 53,200 95,213 #* Japan Drilling Co., Ltd. 1,500 28,741 Japan Exchange Group, Inc. 18,200 326,641 Japan Foundation Engineering Co., Ltd. 6,500 22,990 # Japan Lifeline Co., Ltd. 2,800 128,720 # Japan Material Co., Ltd. 1,400 27,400 Japan Medical Dynamic Marketing, Inc. 3,500 31,225 Japan Petroleum Exploration Co., Ltd. 3,000 62,302 # Japan Property Management Center Co., Ltd. 1,700 22,706 Japan Pulp & Paper Co., Ltd. 19,000 72,695 Japan Radio Co., Ltd. 2,900 37,447 Japan Securities Finance Co., Ltd. 16,300 81,829 Japan Steel Works, Ltd. (The) 9,700 160,198 Japan Transcity Corp. 10,000 38,675 Japan Wool Textile Co., Ltd. (The) 8,700 74,535 # Jastec Co., Ltd. 1,400 16,606 JBCC Holdings, Inc. 1,700 14,316 JCU Corp. 800 29,356 Jeol, Ltd. 3,000 16,353 JFE Holdings, Inc. 28,100 542,007 JGC Corp. 14,800 237,083 #* JIG-SAW, Inc. 300 17,286 Jimoto Holdings, Inc. 24,800 44,281 JINS, Inc. 1,600 97,434 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) JK Holdings Co., Ltd. 3,200 $ 20,306 JMS Co., Ltd. 10,000 29,836 Joban Kosan Co., Ltd. 1,700 27,922 Joshin Denki Co., Ltd. 6,000 84,418 Joyful Honda Co., Ltd. 2,400 66,377 # JP-Holdings, Inc. 7,900 20,274 JSP Corp. 2,200 69,517 JSR Corp. 17,600 310,147 JTEKT Corp. 22,700 323,106 Juki Corp. 5,300 80,174 Juroku Bank, Ltd. (The) 51,000 161,683 Justsystems Corp. 1,200 18,471 JVC Kenwood Corp. 22,100 64,349 JXTG Holdings, Inc. 207,850 923,898 K&O Energy Group, Inc. 2,600 39,746 # K's Holdings Corp. 11,200 224,849 kabu.com Securities Co., Ltd. 20,200 65,531 * Kadokawa Dwango 7,685 101,519 Kaga Electronics Co., Ltd. 2,300 50,733 Kagome Co., Ltd. 2,600 78,981 Kajima Corp. 54,000 470,861 # Kakaku.com, Inc. 9,900 139,875 Kakiyasu Honten Co., Ltd. 1,100 19,588 Kameda Seika Co., Ltd. 1,100 54,964 Kamei Corp. 3,900 55,739 Kamigumi Co., Ltd. 23,000 246,493 Kanaden Corp. 4,800 51,092 Kanagawa Chuo Kotsu Co., Ltd. 5,000 33,019 Kanamoto Co., Ltd. 4,900 175,661 Kandenko Co., Ltd. 11,000 117,724 Kaneka Corp. 31,000 248,408 Kanematsu Corp. 58,000 126,749 Kanematsu Electronics, Ltd. 1,200 35,532 Kansai Electric Power Co., Inc. (The) 14,900 200,064 Kansai Paint Co., Ltd. 7,500 171,552 Kansai Super Market, Ltd. 1,300 17,511 Kansai Urban Banking Corp. 3,900 50,000 Kanto Denka Kogyo Co., Ltd. 8,000 72,958 Kao Corp. 7,800 474,899 Kasai Kogyo Co., Ltd. 3,500 45,560 Katakura & Co-op Agri Corp. 9,000 21,544 Katakura Industries Co., Ltd. 3,700 42,867 Kato Works Co., Ltd. 1,200 38,603 KAWADA TECHNOLOGIES, Inc. 700 48,066 Kawagishi Bridge Works Co., Ltd. 3,000 25,155 Kawai Musical Instruments Manufacturing Co., Ltd. 1,100 22,919 Kawasaki Heavy Industries, Ltd. 143,000 455,297 #* Kawasaki Kisen Kaisha, Ltd. 84,000 208,560 Kawasumi Laboratories, Inc. 3,000 19,052 KDDI Corp. 45,800 1,213,562 Keihan Holdings Co., Ltd. 48,000 310,549 Keihanshin Building Co., Ltd. 6,900 43,670 Keihin Corp. 6,500 93,528 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Keikyu Corp. 11,000 $127,662 Keio Corp. 13,000 108,866 Keisei Electric Railway Co., Ltd. 5,000 136,825 Keiyo Bank, Ltd. (The) 33,000 139,619 Keiyo Co., Ltd. 2,800 19,451 Kenko Mayonnaise Co., Ltd. 2,600 73,078 Kewpie Corp. 9,000 226,382 Key Coffee, Inc. 1,600 31,673 Keyence Corp. 600 277,148 KFC Holdings Japan, Ltd. 1,900 34,389 Ki-Star Real Estate Co., Ltd. 1,300 23,659 Kikkoman Corp. 3,000 91,882 Kimoto Co., Ltd. 4,300 9,694 Kimura Unity Co., Ltd. 1,200 12,645 Kinden Corp. 12,500 194,568 King Jim Co., Ltd. 2,500 23,175 #* Kinki Sharyo Co., Ltd. (The) 500 11,635 * Kintetsu Department Store Co., Ltd. 3,000 9,978 Kintetsu Group Holdings Co., Ltd. 40,000 153,389 Kintetsu World Express, Inc. 5,300 92,814 Kissei Pharmaceutical Co., Ltd. 4,300 111,194 Kita-Nippon Bank, Ltd. (The) 1,200 34,414 Kitagawa Iron Works Co., Ltd. 900 19,237 Kitano Construction Corp. 4,000 13,852 # Kito Corp. 1,600 18,507 Kitz Corp. 10,900 97,537 Kiyo Bank, Ltd. (The) 8,900 148,844 #* KLab, Inc. 3,600 61,238 * KNT-CT Holdings Co., Ltd. 13,000 21,757 Koa Corp. 2,600 45,866 Koatsu Gas Kogyo Co., Ltd. 3,200 23,777 Kobayashi Pharmaceutical Co., Ltd. 1,400 87,011 Kobe Bussan Co., Ltd. 1,100 54,513 * Kobe Electric Railway Co., Ltd. 7,000 25,586 #* Kobe Steel, Ltd. 33,900 424,022 Kohnan Shoji Co., Ltd. 1,000 18,237 Kohsoku Corp. 1,700 16,885 Koito Manufacturing Co., Ltd. 4,000 233,664 * Kojima Co., Ltd. 4,600 15,308 Kokuyo Co., Ltd. 12,400 197,458 KOMAIHALTEC, Inc. 500 10,298 Komatsu Seiren Co., Ltd. 5,300 36,824 Komatsu Wall Industry Co., Ltd. 1,400 26,379 Komehyo Co., Ltd. 1,100 12,993 Komeri Co., Ltd. 4,900 143,362 Komori Corp. 6,800 80,856 Konaka Co., Ltd. 1,800 9,710 Konami Holdings Corp. 2,700 140,816 Kondotec, Inc. 3,600 32,763 Konica Minolta, Inc. 54,000 447,293 Konishi Co., Ltd. 2,600 39,719 Konoike Transport Co., Ltd. 3,500 47,667 Kose Corp. 1,100 122,410 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Kosei Securities Co., Ltd. (The) 26,000 $ 37,693 Koshidaka Holdings Co., Ltd. 1,000 27,128 Kotobuki Spirits Co., Ltd. 2,000 73,818 Krosaki Harima Corp. 11,000 48,174 KRS Corp. 700 18,982 # KU Holdings Co., Ltd. 3,800 34,519 Kubota Corp. 20,100 349,038 Kumagai Gumi Co., Ltd. 66,000 228,611 # Kumiai Chemical Industry Co., Ltd. 10,610 61,694 Kura Corp. 1,000 50,289 Kurabo Industries, Ltd. 23,000 59,692 Kuraray Co., Ltd. 31,000 602,684 Kureha Corp. 1,900 95,546 Kurimoto, Ltd. 1,300 24,356 Kurita Water Industries, Ltd. 11,700 332,869 Kuriyama Holdings Corp. 1,000 19,563 Kuroda Electric Co., Ltd. 4,600 87,950 Kusuri no Aoki Holdings Co., Ltd. 1,600 88,057 KYB Corp. 29,000 163,677 Kyocera Corp. 8,100 492,075 Kyodo Printing Co., Ltd. 9,000 31,497 # Kyoei Steel, Ltd. 4,700 72,534 Kyokuto Boeki Kaisha, Ltd. 10,000 25,749 Kyokuto Kaihatsu Kogyo Co., Ltd. 4,100 68,640 Kyokuto Securities Co., Ltd. 2,200 30,949 Kyokuyo Co., Ltd. 1,000 28,151 KYORIN Holdings, Inc. 4,400 93,925 Kyoritsu Maintenance Co., Ltd. 5,180 147,899 Kyosan Electric Manufacturing Co., Ltd. 6,000 33,422 Kyowa Electronics Instruments Co., Ltd. 5,000 20,940 Kyowa Exeo Corp. 9,800 167,319 Kyowa Hakko Kirin Co., Ltd. 11,300 204,646 Kyowa Leather Cloth Co., Ltd. 1,700 14,665 Kyudenko Corp. 6,000 226,305 Kyushu Electric Power Co., Inc. 10,000 118,421 Kyushu Financial Group, Inc. 34,650 217,419 LAC Co., Ltd. 1,100 13,479 #* Laox Co., Ltd. 4,600 22,350 # Lasertec Corp. 5,800 86,477 Lawson, Inc. 1,500 102,117 LEC, Inc. 1,600 39,168 Leopalace21 Corp. 43,100 307,350 Life Corp. 1,100 29,128 LIFULL Co., Ltd. 6,400 51,104 Linical Co., Ltd. 1,100 19,094 # Link And Motivation, Inc. 4,700 31,398 Lintec Corp. 5,200 126,238 Lion Corp. 6,000 128,431 LIXIL Group Corp. 13,100 337,131 Lonseal Corp. 800 19,116 # Look, Inc. 13,000 32,647 #* M&A Capital Partners Co., Ltd. 500 22,795 M3, Inc. 6,600 178,035 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Mabuchi Motor Co., Ltd. 1,100 $ 57,970 Macnica Fuji Electronics Holdings, Inc. 6,050 96,454 Maeda Corp. 16,000 193,453 Maeda Kosen Co., Ltd. 2,500 36,681 Maeda Road Construction Co., Ltd. 8,000 165,173 Maezawa Kasei Industries Co., Ltd. 2,300 25,655 Maezawa Kyuso Industries Co., Ltd. 1,400 20,357 Makino Milling Machine Co., Ltd. 16,000 135,124 Mamezou Holdings Co., Ltd. 2,000 17,974 Mandom Corp. 1,000 55,274 Mani, Inc. 1,200 28,522 Marubeni Corp. 86,400 572,527 Marubun Corp. 1,500 11,473 Marudai Food Co., Ltd. 15,000 71,145 # Maruha Nichiro Corp. 8,100 221,048 Marui Group Co., Ltd. 15,600 212,156 Maruichi Steel Tube, Ltd. 4,500 138,888 Maruka Machinery Co., Ltd. 900 15,102 Marusan Securities Co., Ltd. 3,500 29,551 Maruwa Co., Ltd. 1,000 48,546 # Maruwa Unyu Kikan Co., Ltd. 700 25,544 Maruyama Manufacturing Co., Inc. 600 10,098 #* Maruzen CHI Holdings Co., Ltd. 3,900 12,457 Maruzen Showa Unyu Co., Ltd. 6,000 26,115 # Marvelous, Inc. 3,500 32,702 Matsuda Sangyo Co., Ltd. 2,300 31,217 Matsui Construction Co., Ltd. 3,000 25,667 Matsui Securities Co., Ltd. 3,700 30,283 Matsumotokiyoshi Holdings Co., Ltd. 3,300 203,497 Matsuya Foods Co., Ltd. 1,500 56,793 Max Co., Ltd. 3,000 41,041 Maxvalu Nishinihon Co., Ltd. 900 13,603 Maxvalu Tokai Co., Ltd. 1,100 20,907 Mazda Motor Corp. 58,400 877,915 McDonald's Holdings Co. Japan, Ltd. 1,500 60,953 MCJ Co., Ltd. 6,900 81,521 Mebuki Financial Group, Inc. 64,050 246,562 # MEC Co., Ltd. 2,200 27,233 Media Do Co., Ltd. 1,000 22,970 Medical System Network Co., Ltd. 4,300 18,782 Medipal Holdings Corp. 10,100 184,824 # Megachips Corp. 2,600 69,348 Megmilk Snow Brand Co., Ltd. 8,400 232,238 Meidensha Corp. 27,000 95,930 Meiji Electric Industries Co., Ltd. 1,500 20,361 MEIJI Holdings Co., Ltd. 1,600 127,509 Meiko Electronics Co., Ltd. 3,400 50,991 Meiko Network Japan Co., Ltd. 1,300 18,561 Meisei Industrial Co., Ltd. 8,000 51,849 Meitec Corp. 3,000 140,600 Meito Sangyo Co., Ltd. 1,100 14,386 Meiwa Corp. 3,500 13,887 Meiwa Estate Co., Ltd. 4,900 36,383 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Melco Holdings, Inc. 2,100 $ 70,304 Menicon Co., Ltd. 1,700 55,660 METAWATER Co., Ltd. 2,100 58,074 # Michinoku Bank, Ltd. (The) 20,000 33,881 # Micronics Japan Co., Ltd. 800 8,472 Mie Bank, Ltd. (The) 1,200 26,866 Mie Kotsu Group Holdings, Inc. 4,800 18,059 Milbon Co., Ltd. 840 48,977 Mimasu Semiconductor Industry Co., Ltd. 2,400 38,524 Minato Bank, Ltd. (The) 2,600 47,602 Minebea Mitsumi, Inc. 35,490 584,709 Ministop Co., Ltd. 1,400 30,802 Miraca Holdings, Inc. 6,700 305,737 Mirait Holdings Corp. 9,500 111,383 Miroku Jyoho Service Co., Ltd. 1,200 25,281 Misawa Homes Co., Ltd. 3,600 33,039 MISUMI Group, Inc. 7,600 188,479 Mitani Corp. 2,000 78,887 Mito Securities Co., Ltd. 8,300 23,075 Mitsuba Corp. 5,200 90,669 Mitsubishi Corp. 45,200 981,392 Mitsubishi Electric Corp. 55,000 851,438 Mitsubishi Estate Co., Ltd. 28,900 525,487 Mitsubishi Gas Chemical Co., Inc. 15,500 357,610 Mitsubishi Heavy Industries, Ltd. 174,000 691,798 Mitsubishi Kakoki Kaisha, Ltd. 11,000 24,237 Mitsubishi Logistics Corp. 10,000 128,377 Mitsubishi Materials Corp. 13,000 436,723 Mitsubishi Nichiyu Forklift Co., Ltd. 6,200 49,886 * Mitsubishi Paper Mills, Ltd. 3,200 22,562 Mitsubishi Pencil Co., Ltd. 2,000 54,497 # Mitsubishi Research Institute, Inc. 900 25,885 Mitsubishi Steel Manufacturing Co., Ltd. 29,000 74,604 Mitsubishi UFJ Financial Group, Inc. 369,600 2,344,783 Mitsubishi UFJ Lease & Finance Co., Ltd. 51,100 272,214 Mitsuboshi Belting, Ltd. 7,000 80,081 Mitsui Chemicals, Inc. 104,000 590,837 Mitsui Engineering & Shipbuilding Co., Ltd. 110,000 153,345 Mitsui Fudosan Co., Ltd. 14,000 321,303 Mitsui High-Tec, Inc. 4,900 76,473 Mitsui Home Co., Ltd. 3,000 20,456 Mitsui Matsushima Co., Ltd. 2,800 37,728 Mitsui Mining & Smelting Co., Ltd. 107,000 467,421 Mitsui OSK Lines, Ltd. 105,000 326,789 Mitsui Sugar Co., Ltd. 1,800 54,652 Mitsui-Soko Holdings Co., Ltd. 16,000 43,662 Mitsuuroko Group Holdings Co., Ltd. 5,100 32,963 Miyaji Engineering Group, Inc. 15,000 36,544 Miyazaki Bank, Ltd. (The) 21,000 70,204 Miyoshi Oil & Fat Co., Ltd. 700 8,958 Mizuho Financial Group, Inc. 724,399 1,288,253 Mizuno Corp. 13,000 75,578 # Mobile Factory, Inc. 1,400 19,781 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Modec, Inc. 2,100 $ 50,062 Monex Group, Inc. 26,800 75,748 Money Partners Group Co., Ltd. 4,500 20,338 Monogatari Corp. (The) 600 31,302 MonotaRO Co., Ltd. 3,400 112,149 MORESCO Corp. 1,700 32,101 Morinaga & Co., Ltd. 3,000 171,940 Morinaga Milk Industry Co., Ltd. 36,000 262,990 Morita Holdings Corp. 2,900 45,480 Morito Co., Ltd. 3,500 29,739 * Morpho, Inc. 500 22,543 Mory Industries, Inc. 700 14,967 # Mr Max Corp. 3,800 18,015 MS&AD Insurance Group Holdings, Inc. 17,300 606,790 MTI, Ltd. 5,800 39,118 Mugen Estate Co., Ltd. 1,500 13,464 Murata Manufacturing Co., Ltd. 3,300 513,379 Musashi Seimitsu Industry Co., Ltd. 3,900 108,590 Musashino Bank, Ltd. (The) 4,400 131,465 Mutoh Holdings Co., Ltd. 2,000 4,608 #* Mynet, Inc. 900 25,247 Nabtesco Corp. 11,200 363,602 # NAC Co., Ltd. 1,500 13,523 Nachi-Fujikoshi Corp. 26,000 143,713 Nafco Co., Ltd. 1,700 26,956 # Nagano Bank, Ltd. (The) 1,000 17,846 Nagano Keiki Co., Ltd. 2,200 15,755 Nagase & Co., Ltd. 16,400 257,444 Nagatanien Holdings Co., Ltd. 3,000 37,351 Nagawa Co., Ltd. 900 32,553 Nagoya Railroad Co., Ltd. 30,000 137,579 Nakabayashi Co., Ltd. 5,000 14,737 Nakamuraya Co., Ltd. 200 9,121 Nakanishi, Inc. 1,300 54,466 Nakano Corp. 2,100 11,525 Nakayama Steel Works, Ltd. 3,000 18,181 Namura Shipbuilding Co., Ltd. 7,600 43,541 Nankai Electric Railway Co., Ltd. 32,000 157,463 Nanto Bank, Ltd. (The) 3,600 105,907 Natori Co., Ltd. 800 14,870 NDS Co., Ltd. 400 11,556 NEC Capital Solutions, Ltd. 1,200 20,673 NEC Corp. 255,000 693,203 NEC Networks & System Integration Corp. 2,700 58,992 NET One Systems Co., Ltd. 5,800 55,589 Neturen Co., Ltd. 4,200 38,662 * New Japan Radio Co., Ltd. 2,000 10,993 * Nexon Co., Ltd. 3,700 76,903 Nexyz Group Corp. 1,100 17,989 NGK Insulators, Ltd. 10,500 211,158 NGK Spark Plug Co., Ltd. 13,700 276,595 NH Foods, Ltd. 8,000 236,634 NHK Spring Co., Ltd. 32,200 347,779 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Nice Holdings, Inc. 14,000 $ 20,052 Nichia Steel Works, Ltd. 6,500 17,034 Nichias Corp. 20,000 242,889 Nichiban Co., Ltd. 3,000 26,758 Nichicon Corp. 8,100 89,021 Nichiden Corp. 1,000 35,893 Nichiha Corp. 4,400 163,438 NichiiGakkan Co., Ltd. 3,900 40,816 Nichirei Corp. 14,900 418,771 Nichireki Co., Ltd. 4,300 52,026 Nichirin Co., Ltd. 1,100 24,561 Nidec Corp. 3,000 330,568 Nidec Corp. Sponsored ADR 776 21,480 # Nifco, Inc. 4,400 253,790 Nihon Chouzai Co., Ltd. 1,200 40,029 Nihon Dempa Kogyo Co., Ltd. 3,900 32,616 # Nihon Eslead Corp. 1,200 22,635 Nihon House Holdings Co., Ltd. 5,000 23,841 # Nihon Kagaku Sangyo Co., Ltd. 1,800 31,649 Nihon Kohden Corp. 4,000 95,596 Nihon M&A Center, Inc. 3,000 120,456 Nihon Nohyaku Co., Ltd. 5,900 34,282 Nihon Parkerizing Co., Ltd. 10,900 155,961 # Nihon Plast Co., Ltd. 2,600 30,898 # Nihon Tokushu Toryo Co., Ltd. 1,400 23,511 # Nihon Trim Co., Ltd. 700 29,125 Nihon Unisys, Ltd. 11,600 193,424 Nihon Yamamura Glass Co., Ltd. 16,000 27,413 Nikkiso Co., Ltd. 8,400 86,688 Nikko Co., Ltd. 1,000 20,528 Nikkon Holdings Co., Ltd. 9,000 212,762 Nikon Corp. 18,000 317,156 Nintendo Co., Ltd. 500 169,807 Nippi, Inc. 2,000 14,434 Nippo Corp. 7,000 142,409 Nippon Beet Sugar Manufacturing Co., Ltd. 2,000 39,118 Nippon Carbide Industries Co., Inc. 9,000 15,175 # Nippon Carbon Co., Ltd. 1,100 35,920 Nippon Chemi-Con Corp. 11,000 44,438 Nippon Chemical Industrial Co., Ltd. 18,000 38,594 Nippon Chemiphar Co., Ltd. 500 23,492 Nippon Coke & Engineering Co., Ltd. 19,000 17,921 Nippon Concrete Industries Co., Ltd. 5,000 19,397 Nippon Denko Co., Ltd. 14,800 69,476 Nippon Densetsu Kogyo Co., Ltd. 3,900 77,516 Nippon Electric Glass Co., Ltd. 8,000 283,195 Nippon Express Co., Ltd. 66,000 421,464 Nippon Fine Chemical Co., Ltd. 1,500 13,672 Nippon Flour Mills Co., Ltd. 8,400 135,352 Nippon Gas Co., Ltd. 5,300 166,338 Nippon Hume Corp. 4,000 24,986 Nippon Kanzai Co., Ltd. 700 12,587 Nippon Kinzoku Co., Ltd. 900 18,050 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Nippon Koei Co., Ltd. 1,400 $ 38,735 Nippon Light Metal Holdings Co., Ltd. 110,500 297,301 # Nippon Paint Holdings Co., Ltd. 5,400 207,634 Nippon Paper Industries Co., Ltd. 15,000 299,053 # Nippon Parking Development Co., Ltd. 20,100 30,062 Nippon Pillar Packing Co., Ltd. 2,900 48,512 Nippon Piston Ring Co., Ltd. 1,500 29,486 Nippon Road Co., Ltd. (The) 11,000 61,440 Nippon Seiki Co., Ltd. 7,000 134,024 Nippon Seisen Co., Ltd. 5,000 37,156 #* Nippon Sharyo, Ltd. 5,000 13,007 * Nippon Sheet Glass Co., Ltd. 12,900 109,159 Nippon Shinyaku Co., Ltd. 1,600 100,983 Nippon Shokubai Co., Ltd. 3,000 196,263 Nippon Signal Co., Ltd. 6,700 68,029 Nippon Soda Co., Ltd. 16,000 89,778 Nippon Steel & Sumikin Bussan Corp. 2,600 134,021 Nippon Steel & Sumitomo Metal Corp. 23,840 585,222 Nippon Suisan Kaisha, Ltd. 60,100 350,747 Nippon Systemware Co., Ltd. 1,400 23,014 Nippon Telegraph & Telephone Corp. 7,100 347,461 Nippon Thompson Co., Ltd. 7,000 39,991 Nippon Valqua Industries, Ltd. 1,600 42,278 Nippon Yakin Kogyo Co., Ltd. 8,600 17,296 * Nippon Yusen K.K. 187,000 356,982 Nishi-Nippon Financial Holdings, Inc. 13,600 153,014 Nishi-Nippon Railroad Co., Ltd. 32,000 141,034 Nishikawa Rubber Co., Ltd. 400 8,061 Nishimatsu Construction Co., Ltd. 38,000 218,687 Nishimatsuya Chain Co., Ltd. 6,000 65,711 Nishio Rent All Co., Ltd. 3,000 99,864 Nissan Shatai Co., Ltd. 9,000 93,182 Nissan Tokyo Sales Holdings Co., Ltd. 4,900 18,596 Nissei ASB Machine Co., Ltd. 1,500 51,687 Nissei Build Kogyo Co., Ltd. 12,000 69,322 Nissei Plastic Industrial Co., Ltd. 2,700 28,234 # Nissha Printing Co., Ltd. 2,900 79,351 Nisshin Fudosan Co. 6,400 35,673 Nisshin Oillio Group, Ltd. (The) 23,000 136,160 Nisshin Seifun Group, Inc. 11,240 184,576 Nisshin Steel Co., Ltd. 8,100 99,244 Nisshinbo Holdings, Inc. 18,700 189,368 Nissin Corp. 10,000 48,363 Nissin Electric Co., Ltd. 9,100 110,517 Nissin Foods Holdings Co., Ltd. 800 50,260 Nissin Kogyo Co., Ltd. 6,700 112,210 Nissin Sugar Co., Ltd. 2,000 34,510 Nissui Pharmaceutical Co., Ltd. 1,400 17,669 Nitori Holdings Co., Ltd. 1,300 183,459 Nitta Corp. 1,700 54,599 Nitta Gelatin, Inc. 3,200 22,004 Nittetsu Mining Co., Ltd. 1,100 61,739 Nitto Boseki Co., Ltd. 14,000 81,565 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Nitto Denko Corp. 1,900 $169,421 # Nitto FC Co., Ltd. 3,400 28,120 Nitto Kogyo Corp. 4,300 69,647 Nitto Kohki Co., Ltd. 1,300 30,892 Nitto Seiko Co., Ltd. 3,000 14,758 Nittoc Construction Co., Ltd. 6,700 35,441 Nittoku Engineering Co., Ltd. 3,400 105,015 Noda Corp. 2,000 18,596 Noevir Holdings Co., Ltd. 500 25,917 NOF Corp. 18,000 244,562 Nohmi Bosai, Ltd. 2,600 39,982 Nojima Corp. 3,300 53,412 NOK Corp. 11,800 270,103 Nomura Co., Ltd. 3,200 67,713 Nomura Holdings, Inc. 105,300 625,611 Nomura Real Estate Holdings, Inc. 11,600 229,925 Nomura Research Institute, Ltd. 3,663 137,118 Noritake Co., Ltd. 1,900 72,834 Noritsu Koki Co., Ltd. 4,500 41,428 Noritz Corp. 4,700 92,182 North Pacific Bank, Ltd. 47,200 158,223 Nozawa Corp. 2,000 25,755 NS Solutions Corp. 5,400 113,688 NS United Kaiun Kaisha, Ltd. 11,000 22,991 NSD Co., Ltd. 1,900 36,239 NSK, Ltd. 31,300 403,465 NTN Corp. 74,000 344,398 NTT Data Corp. 15,500 168,839 NTT DOCOMO, Inc. 38,100 884,758 NTT Urban Development Corp. 5,400 55,250 Nuflare Technology, Inc. 500 26,754 Obara Group, Inc. 1,100 60,820 Obayashi Corp. 56,500 680,297 Obic Co., Ltd. 1,300 81,274 # Odakyu Electric Railway Co., Ltd. 6,899 136,659 Odelic Co., Ltd. 700 32,147 Ogaki Kyoritsu Bank, Ltd. (The) 55,000 158,898 # Ohara, Inc. 2,500 31,552 Ohashi Technica, Inc. 1,900 24,389 # Ohba Co., Ltd. 3,200 14,072 Ohsho Food Service Corp. 2,500 97,258 Oiles Corp. 2,440 43,636 Oita Bank, Ltd. (The) 17,000 64,059 Oji Holdings Corp. 86,000 441,048 Okabe Co., Ltd. 6,500 63,629 # Okamoto Machine Tool Works, Ltd. 11,000 28,442 Okamura Corp. 9,800 99,628 Okasan Securities Group, Inc. 20,000 121,125 Oki Electric Industry Co., Ltd. 13,800 188,952 # Okinawa Cellular Telephone Co. 1,500 52,734 Okinawa Electric Power Co., Inc. (The) 2,475 58,373 # OKK Corp. 18,000 23,159 OKUMA Corp. 15,000 144,196 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Okumura Corp. 19,000 $ 138,264 Okura Industrial Co., Ltd. 8,000 51,718 Okuwa Co., Ltd. 5,000 53,237 # Olympus Corp. 4,600 166,965 Omron Corp. 4,900 244,471 Ono Pharmaceutical Co., Ltd. 2,200 48,127 Onoken Co., Ltd. 3,300 54,880 Onward Holdings Co., Ltd. 18,000 130,584 Open House Co., Ltd. 3,300 109,221 Optex Group Co., Ltd. 1,500 50,367 * Optim Corp. 600 16,749 Oracle Corp. 1,300 87,379 Organo Corp. 5,000 26,653 # Orient Corp. 43,100 72,694 Oriental Land Co., Ltd. 2,900 210,223 Origin Electric Co., Ltd. 7,000 19,863 # ORIX Corp. 76,500 1,213,934 Osaka Gas Co., Ltd. 44,000 176,225 Osaka Organic Chemical Industry, Ltd. 3,500 41,569 Osaka Soda Co., Ltd. 9,000 45,299 Osaka Steel Co., Ltd. 2,600 53,582 OSAKA Titanium Technologies Co., Ltd. 1,200 18,517 Osaki Electric Co., Ltd. 8,000 61,161 # OSG Corp. 14,700 309,939 OSJB Holdings Corp. 15,200 41,751 Otsuka Corp. 1,400 91,710 Otsuka Holdings Co., Ltd. 4,600 202,580 Otsuka Kagu, Ltd. 1,700 13,671 Outsourcing, Inc. 1,700 84,919 Oyo Corp. 2,200 31,887 Pacific Industrial Co., Ltd. 6,100 79,299 #* Pacific Metals Co., Ltd. 24,000 64,383 Pack Corp. (The) 1,000 32,349 PAL GROUP Holdings Co., Ltd. 1,600 51,070 PALTAC Corp. 4,300 156,014 PanaHome Corp. 9,000 97,742 PAPYLESS Co., Ltd. 700 19,884 Paraca, Inc. 800 16,163 Paramount Bed Holdings Co., Ltd. 1,900 86,564 # Parco Co., Ltd. 3,700 45,603 Paris Miki Holdings, Inc. 3,400 14,274 # Park24 Co., Ltd. 7,000 177,154 Parker Corp. 3,000 15,652 # Pasco Corp. 4,000 13,491 # Pasona Group, Inc. 4,200 46,685 PC Depot Corp. 7,800 44,897 Pegasus Sewing Machine Manufacturing Co., Ltd. 3,800 25,598 Penta-Ocean Construction Co., Ltd. 57,200 340,744 # Pepper Food Service Co., Ltd. 800 29,589 #* PeptiDream, Inc. 1,200 37,705 Persol Holdings Co., Ltd. 4,300 81,527 Pigeon Corp. 6,800 252,053 Pilot Corp. 3,200 139,388 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Piolax, Inc. 3,300 $ 91,162 * Pioneer Corp. 50,400 99,521 Plenus Co., Ltd. 1,900 44,503 Pocket Card Co., Ltd. 5,900 38,756 # Pola Orbis Holdings, Inc. 2,400 66,584 Poletowin Pitcrew Holdings, Inc. 1,300 17,331 Press Kogyo Co., Ltd. 13,900 65,379 Pressance Corp. 5,600 77,294 Prestige International, Inc. 3,600 39,429 Prima Meat Packers, Ltd. 26,000 165,988 Pronexus, Inc. 1,800 20,398 # Prospect Co., Ltd. 33,000 21,230 Proto Corp. 800 12,505 PS Mitsubishi Construction Co., Ltd. 3,500 16,055 Punch Industry Co., Ltd. 1,300 15,607 Qol Co., Ltd. 4,000 64,539 Quick Co., Ltd. 1,500 21,543 Raito Kogyo Co., Ltd. 8,000 86,418 Rakuten, Inc. 8,400 102,608 Rasa Industries, Ltd. 11,000 15,530 Raysum Co., Ltd. 1,200 10,724 Recruit Holdings Co., Ltd. 14,400 249,259 # Relia, Inc. 2,000 21,380 Relo Group, Inc. 7,100 142,508 Renaissance, Inc. 2,600 47,076 Renesas Easton Co., Ltd. 4,100 21,949 Rengo Co., Ltd. 26,000 147,595 #* Renown, Inc. 17,300 32,281 Resona Holdings, Inc. 89,300 460,043 Resorttrust, Inc. 5,300 97,698 Rheon Automatic Machinery Co., Ltd. 2,500 27,044 Ricoh Co., Ltd. 45,900 431,575 Ricoh Leasing Co., Ltd. 2,400 83,857 Ride On Express Co., Ltd. 1,500 13,771 # Right On Co., Ltd. 1,500 13,608 Riken Corp. 1,100 51,483 Riken Keiki Co., Ltd. 2,300 43,482 # Riken Technos Corp. 5,000 27,919 Riken Vitamin Co., Ltd. 500 19,547 Ringer Hut Co., Ltd. 1,500 34,655 Rinnai Corp. 800 74,686 Riso Kagaku Corp. 3,400 71,096 # Riso Kyoiku Co., Ltd. 2,800 20,962 Rock Field Co., Ltd. 1,700 28,751 Rohm Co., Ltd. 3,500 270,510 Rohto Pharmaceutical Co., Ltd. 7,200 145,442 Rokko Butter Co., Ltd. 1,700 38,432 Roland DG Corp. 1,900 47,614 # Rorze Corp. 1,000 21,552 Round One Corp. 13,000 138,840 Royal Holdings Co., Ltd. 4,800 115,062 # RS Technologies Co., Ltd. 600 23,258 #* RVH, Inc. 3,800 24,642 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Ryobi, Ltd. 22,000 $104,041 Ryoden Corp. 5,000 36,380 Ryohin Keikaku Co., Ltd. 600 153,386 Ryosan Co., Ltd. 3,800 148,623 Ryoyo Electro Corp. 3,700 59,617 S Foods, Inc. 2,100 78,187 Sac's Bar Holdings, Inc. 2,700 29,679 Saibu Gas Co., Ltd. 29,000 72,827 Sakai Chemical Industry Co., Ltd. 10,000 40,525 Sakai Moving Service Co., Ltd. 1,000 48,263 Sakai Ovex Co., Ltd. 1,500 24,670 Sakata INX Corp. 4,800 86,798 Sala Corp. 2,300 19,163 # SAMTY Co., Ltd. 2,400 35,218 San-A Co., Ltd. 1,900 84,741 San-Ai Oil Co., Ltd. 8,300 84,329 San-In Godo Bank, Ltd. (The) 14,800 120,210 * Sanden Holdings Corp. 16,000 45,636 Sanei Architecture Planning Co., Ltd. 1,600 28,532 Sangetsu Corp. 5,400 97,292 Sanken Electric Co., Ltd. 20,000 101,390 Sanki Engineering Co., Ltd. 6,200 70,097 # Sanko Metal Industrial Co., Ltd. 800 24,103 Sankyo Seiko Co., Ltd. 3,700 13,119 # Sankyo Tateyama, Inc. 4,200 59,335 Sankyu, Inc. 46,000 346,465 Sanoh Industrial Co., Ltd. 3,500 25,234 # Sanoyas Holdings Corp. 8,600 20,036 # Sanrio Co., Ltd. 4,200 84,354 Sansei Technologies, Inc. 1,400 11,911 Sanshin Electronics Co., Ltd. 3,200 40,246 Santen Pharmaceutical Co., Ltd. 8,600 121,160 Sanwa Holdings Corp. 23,100 250,141 Sanyo Chemical Industries, Ltd. 1,800 85,481 Sanyo Denki Co., Ltd. 5,000 55,695 Sanyo Electric Railway Co., Ltd. 6,000 30,732 Sanyo Engineering & Construction, Inc. 2,300 17,774 Sanyo Housing Nagoya Co., Ltd. 1,200 12,262 # Sanyo Shokai, Ltd. 1,299 19,562 Sanyo Special Steel Co., Ltd. 17,000 103,147 Sanyo Trading Co., Ltd. 1,400 31,898 Sato Holdings Corp. 3,400 81,543 Satori Electric Co., Ltd. 3,200 26,393 Sawada Holdings Co., Ltd. 2,100 19,068 Sawai Pharmaceutical Co., Ltd. 5,000 281,809 # Saxa Holdings, Inc. 13,000 26,509 SBI Holdings, Inc. 21,900 313,314 SBS Holdings, Inc. 3,100 23,658 # Scala, Inc. 3,000 23,080 SCREEN Holdings Co., Ltd. 3,800 254,001 Scroll Corp. 4,300 15,021 SCSK Corp. 1,200 50,640 Secom Co., Ltd. 4,200 315,117 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Seed Co., Ltd. 1,200 $ 25,560 Seibu Electric Industry Co., Ltd. 1,100 23,856 Seibu Holdings, Inc. 3,300 57,567 Seika Corp. 8,000 34,584 Seikitokyu Kogyo Co., Ltd. 3,600 19,520 # Seiko Epson Corp. 15,500 407,998 Seiko Holdings Corp. 27,000 120,527 Seino Holdings Co., Ltd. 13,700 184,469 Seiren Co., Ltd. 6,800 114,928 Sekisui Chemical Co., Ltd. 24,000 442,088 Sekisui House, Ltd. 17,500 302,928 Sekisui Jushi Corp. 3,300 60,011 Sekisui Plastics Co., Ltd. 5,000 42,740 Senko Group Holdings Co., Ltd. 20,500 139,555 Senshu Ikeda Holdings, Inc. 37,700 156,166 Senshukai Co., Ltd. 3,800 23,418 # Septeni Holdings Co., Ltd. 9,500 29,043 Seria Co., Ltd. 3,200 158,824 Seven & I Holdings Co., Ltd. 21,700 874,611 # Seven Bank, Ltd. 54,300 214,885 SFP Holdings Co., Ltd. 1,800 28,414 Shibaura Mechatronics Corp. 5,000 15,423 Shibusawa Warehouse Co., Ltd. (The) 2,000 6,585 Shibuya Corp. 2,700 82,208 Shidax Corp. 2,500 10,092 #* SHIFT, Inc. 1,400 16,655 Shiga Bank, Ltd. (The) 34,000 180,188 Shikoku Bank, Ltd. (The) 27,000 72,400 Shikoku Chemicals Corp. 5,000 64,000 # Shikoku Electric Power Co., Inc. 9,800 117,766 Shima Seiki Manufacturing, Ltd. 2,000 97,267 Shimachu Co., Ltd. 5,800 145,138 Shimamura Co., Ltd. 1,100 136,777 Shimano, Inc. 900 131,949 Shimizu Bank, Ltd. (The) 1,100 34,919 Shimizu Corp. 47,300 499,771 Shin Nippon Air Technologies Co., Ltd. 2,400 34,596 Shin-Etsu Chemical Co., Ltd. 5,900 539,643 Shin-Etsu Polymer Co., Ltd. 5,600 54,261 Shinagawa Refractories Co., Ltd. 12,000 32,739 Shindengen Electric Manufacturing Co., Ltd. 13,000 67,419 #* Shinkawa, Ltd. 2,200 14,836 Shinko Electric Industries Co., Ltd. 9,800 71,304 Shinko Plantech Co., Ltd. 6,800 58,104 Shinko Shoji Co., Ltd. 2,700 35,283 Shinmaywa Industries, Ltd. 12,000 104,923 Shinnihon Corp. 6,200 50,501 # Shinoken Group Co., Ltd. 3,600 85,667 Shinsei Bank, Ltd. 88,000 145,046 Shinsho Corp. 900 23,818 Shinwa Co., Ltd. 600 11,946 Ship Healthcare Holdings, Inc. 7,100 217,901 Shiseido Co., Ltd. 9,800 346,169 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Shizuoka Bank, Ltd. (The) 27,000 $ 240,894 Shizuoka Gas Co., Ltd. 8,200 62,022 Shobunsha Publications, Inc. 3,000 20,405 Shoei Co., Ltd. 1,400 40,102 Shoei Foods Corp. 1,600 68,472 Shofu, Inc. 1,000 11,988 * Shoko Co., Ltd. 14,000 13,326 * Showa Corp. 7,700 74,383 Showa Denko K.K. 21,700 564,838 Showa Sangyo Co., Ltd. 17,000 92,379 Showa Shell Sekiyu K.K. 20,500 223,301 # Siix Corp. 2,600 110,807 Sinanen Holdings Co., Ltd. 1,700 34,492 Sinfonia Technology Co., Ltd. 16,000 67,146 # Sinko Industries, Ltd. 1,800 27,499 Sintokogio, Ltd. 7,300 76,874 SK-Electronics Co., Ltd. 1,100 13,572 SKY Perfect JSAT Holdings, Inc. 20,400 91,576 Skylark Co., Ltd. 8,700 131,308 SMC Corp. 700 222,535 SMK Corp. 6,000 25,337 SMS Co., Ltd. 3,400 107,592 SNT Corp. 4,100 26,907 Soda Nikka Co., Ltd. 4,200 20,829 Sodick Co., Ltd. 3,700 45,062 SoftBank Group Corp. 14,200 1,144,485 # Softbrain Co., Ltd. 2,500 9,800 Software Service, Inc. 100 4,537 Sogo Medical Co., Ltd. 1,600 73,190 Sohgo Security Services Co., Ltd. 2,800 118,689 Soken Chemical & Engineering Co., Ltd. 1,100 15,444 # Soliton Systems K.K. 2,100 20,095 Sompo Holdings, Inc. 12,800 502,044 Sotetsu Holdings, Inc. 20,000 97,918 Sourcenext Corp. 3,800 19,715 # Sparx Group Co., Ltd. 13,200 26,310 SPK Corp. 1,400 37,101 Square Enix Holdings Co., Ltd. 3,800 124,331 SRA Holdings 2,100 57,572 Srg Takamiya Co., Ltd. 1,100 5,751 ST Corp. 600 15,057 St Marc Holdings Co., Ltd. 2,700 84,386 Stanley Electric Co., Ltd. 9,700 320,429 Star Mica Co., Ltd. 1,100 31,414 Star Micronics Co., Ltd. 2,200 36,422 Start Today Co., Ltd. 6,900 194,695 Starts Corp., Inc. 5,900 154,164 Starzen Co., Ltd. 1,100 49,281 Stella Chemifa Corp. 1,500 42,165 Studio Alice Co., Ltd. 2,100 49,315 Sugi Holdings Co., Ltd. 2,300 117,352 Sugimoto & Co., Ltd. 1,000 14,743 # Sumco Corp. 13,900 224,959 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Sumida Corp. 4,200 $ 80,339 # Suminoe Textile Co., Ltd. 8,000 22,478 Sumitomo Corp. 34,600 467,682 Sumitomo Densetsu Co., Ltd. 1,900 30,261 Sumitomo Electric Industries, Ltd. 32,300 522,112 Sumitomo Forestry Co., Ltd. 15,300 234,205 Sumitomo Heavy Industries, Ltd. 59,000 430,135 Sumitomo Metal Mining Co., Ltd. 28,000 422,875 Sumitomo Mitsui Construction Co., Ltd. 151,700 164,939 Sumitomo Mitsui Financial Group, Inc. 40,400 1,558,866 Sumitomo Mitsui Trust Holdings, Inc. 9,900 363,558 Sumitomo Osaka Cement Co., Ltd. 60,000 280,849 Sumitomo Precision Products Co., Ltd. 6,000 19,508 Sumitomo Realty & Development Co., Ltd. 18,000 544,902 Sumitomo Riko Co., Ltd. 5,500 57,530 Sumitomo Rubber Industries, Ltd. 18,700 324,261 Sumitomo Seika Chemicals Co., Ltd. 1,400 70,388 Sumitomo Warehouse Co., Ltd. (The) 20,000 128,155 Sun Frontier Fudousan Co., Ltd. 4,700 50,159 Sun-Wa Technos Corp. 1,200 20,420 Suncall Corp. 3,600 20,980 Sundrug Co., Ltd. 2,400 89,406 Suntory Beverage & Food, Ltd. 2,000 98,039 Suruga Bank, Ltd. 6,900 166,386 Suzuden Corp. 1,200 14,672 Suzuken Co., Ltd. 7,750 258,826 * SWCC Showa Holdings Co., Ltd. 31,000 25,564 Sysmex Corp. 2,600 148,837 Systena Corp. 2,100 48,141 T Hasegawa Co., Ltd. 2,000 42,131 T RAD Co., Ltd. 15,000 47,397 T&D Holdings, Inc. 38,100 562,042 T&K Toka Co., Ltd. 2,800 30,715 T-Gaia Corp. 2,200 44,028 # Tabuchi Electric Co., Ltd. 3,000 9,206 Tachi-S Co., Ltd. 4,400 80,271 Tachibana Eletech Co., Ltd. 1,980 28,635 Tachikawa Corp. 1,800 20,966 Tadano, Ltd. 13,000 161,012 Taihei Dengyo Kaisha, Ltd. 4,000 57,809 Taiheiyo Cement Corp. 176,000 660,401 Taiheiyo Kouhatsu, Inc. 24,000 23,061 Taiho Kogyo Co., Ltd. 3,300 46,521 Taikisha, Ltd. 2,200 59,172 Taiko Bank, Ltd. (The) 13,000 27,675 # Taiko Pharmaceutical Co., Ltd. 800 16,123 Taisei Corp. 41,000 392,453 Taisei Lamick Co., Ltd. 900 23,755 Taisho Pharmaceutical Holdings Co., Ltd. 1,500 112,369 Taiyo Holdings Co., Ltd. 1,300 61,772 Taiyo Yuden Co., Ltd. 19,700 330,803 Takamatsu Construction Group Co., Ltd. 1,600 41,978 Takano Co., Ltd. 2,300 24,468 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Takaoka Toko Co., Ltd. 1,200 $ 20,089 # Takara Leben Co., Ltd. 21,900 100,464 Takara Printing Co., Ltd. 1,000 14,883 Takara Standard Co., Ltd. 6,100 102,423 Takasago International Corp. 1,500 58,919 Takasago Thermal Engineering Co., Ltd. 3,900 65,093 Takashima & Co., Ltd. 6,000 11,694 Takashimaya Co., Ltd. 29,000 265,288 Take And Give Needs Co., Ltd. 700 4,929 Takeei Corp. 3,700 37,476 Takeuchi Manufacturing Co., Ltd. 6,300 122,114 Takihyo Co., Ltd. 3,000 12,623 Takisawa Machine Tool Co., Ltd. 7,000 11,165 Takuma Co., Ltd. 7,000 71,692 Tama Home Co., Ltd. 4,700 31,100 Tamron Co., Ltd. 1,800 33,764 Tamura Corp. 7,000 38,248 # Tanseisha Co., Ltd. 5,400 54,451 Tatsuta Electric Wire and Cable Co., Ltd. 4,200 26,926 Tayca Corp. 4,000 35,379 TBK Co., Ltd. 3,000 13,510 TDK Corp. 10,900 783,399 TechMatrix Corp. 1,600 26,719 Techno Ryowa, Ltd. 1,600 12,325 TechnoPro Holdings, Inc. 3,500 150,161 Teijin, Ltd. 28,200 565,392 Teikoku Electric Manufacturing Co., Ltd. 2,000 20,781 Teikoku Sen-I Co., Ltd. 1,000 18,215 Teikoku Tsushin Kogyo Co., Ltd. 8,000 16,674 Tekken Corp. 13,000 39,918 Tenma Corp. 1,900 38,342 THK Co., Ltd. 10,400 317,551 TIS, Inc. 10,300 311,367 TKC Corp. 2,100 61,092 * Toa Corp.(6894508) 2,000 32,655 Toa Corp.(6894434) 3,900 40,673 Toa Oil Co., Ltd. 10,000 13,058 TOA ROAD Corp. 7,000 28,926 Toagosei Co., Ltd. 16,200 195,405 Tobishima Corp. 28,700 43,926 Tobu Railway Co., Ltd. 18,000 95,307 TOC Co., Ltd. 2,400 22,553 Tocalo Co., Ltd. 2,100 80,238 Tochigi Bank, Ltd. (The) 8,000 32,553 Toda Corp. 19,000 130,619 Toda Kogyo Corp. 8,000 30,353 Toei Co., Ltd. 9,000 91,761 Toell Co., Ltd. 1,900 15,550 Toenec Corp. 5,000 30,361 Togami Electric Manufacturing Co., Ltd. 5,000 21,937 Toho Bank, Ltd. (The) 31,000 108,163 Toho Co., Ltd.(6895211) 600 15,761 Toho Co., Ltd.(6895200) 2,800 100,905 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Toho Gas Co., Ltd. 19,000 $ 128,759 # Toho Holdings Co., Ltd. 7,200 142,335 # Toho Titanium Co., Ltd. 5,800 44,918 Toho Zinc Co., Ltd. 21,000 90,424 # Tohoku Bank, Ltd. (The) 7,000 9,643 Tohoku Electric Power Co., Inc. 10,600 144,402 Tokai Carbon Co., Ltd. 27,200 175,533 Tokai Corp. 1,100 48,606 # TOKAI Holdings Corp. 11,500 88,435 Tokai Rika Co., Ltd. 8,200 150,572 Tokai Tokyo Financial Holdings, Inc. 18,900 110,244 Token Corp. 1,310 166,548 Tokio Marine Holdings, Inc. 24,100 1,013,483 Tokushu Tokai Paper Co., Ltd. 1,400 52,665 * Tokuyama Corp. 63,000 286,213 * Tokyo Base Co., Ltd. 600 28,324 Tokyo Broadcasting System Holdings, Inc. 4,100 77,495 Tokyo Century Corp. 7,100 302,418 Tokyo Dome Corp. 13,000 125,121 * Tokyo Electric Power Co. Holdings, Inc. 30,900 131,068 Tokyo Electron Device, Ltd. 2,000 32,420 Tokyo Electron, Ltd. 2,100 295,339 Tokyo Energy & Systems, Inc. 4,400 43,060 Tokyo Gas Co., Ltd. 30,000 159,175 # Tokyo Keiki, Inc. 10,000 26,287 Tokyo Ohka Kogyo Co., Ltd. 3,800 123,697 Tokyo Rope Manufacturing Co., Ltd. 2,600 39,815 Tokyo Seimitsu Co., Ltd. 3,500 121,402 Tokyo Steel Manufacturing Co., Ltd. 12,900 110,581 Tokyo Tatemono Co., Ltd. 19,700 268,051 Tokyo Tekko Co., Ltd. 5,000 20,580 Tokyo Theatres Co., Inc. 8,000 10,516 Tokyo TY Financial Group, Inc. 4,322 115,024 Tokyu Construction Co., Ltd. 14,040 112,277 Tokyu Corp. 12,500 183,937 Tokyu Fudosan Holdings Corp. 73,643 441,753 # Tokyu Recreation Co., Ltd. 3,000 22,826 Toli Corp. 10,700 34,815 Tomato Bank, Ltd. 1,000 13,939 Tomoe Corp. 5,400 17,882 Tomoe Engineering Co., Ltd. 900 14,796 # Tomoku Co., Ltd. 11,000 38,897 TOMONY Holdings, Inc. 25,400 124,210 Tomy Co., Ltd. 9,900 121,101 Tonami Holdings Co., Ltd. 6,000 23,591 Topcon Corp. 9,900 169,384 Toppan Forms Co., Ltd. 7,500 77,981 Toppan Printing Co., Ltd. 29,000 306,464 Topre Corp. 5,900 155,529 Topy Industries, Ltd. 3,100 95,209 Toray Industries, Inc. 73,300 661,893 Toridoll Holdings Corp. 2,200 61,667 # Torikizoku Co., Ltd. 600 14,036 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Torishima Pump Manufacturing Co., Ltd. 2,900 $ 29,638 Tosei Corp. 7,700 60,182 #* Toshiba Corp. 49,000 111,183 Toshiba Machine Co., Ltd. 16,000 75,978 Toshiba Plant Systems & Services Corp. 5,200 84,678 Toshiba TEC Corp. 19,000 105,167 Tosho Co., Ltd. 900 41,569 Tosho Printing Co., Ltd. 5,000 24,673 Tosoh Corp. 57,000 674,887 Totetsu Kogyo Co., Ltd. 4,100 128,011 TOTO, Ltd. 5,599 225,312 Tottori Bank, Ltd. (The) 300 4,630 Tow Co., Ltd. 700 5,588 Towa Bank, Ltd. 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(The) 21,000 95,330 Yamaguchi Financial Group, Inc. 17,000 200,087 Yamaichi Electronics Co., Ltd. 4,300 83,709 Yamanashi Chuo Bank, Ltd. (The) 22,000 89,862 # Yamatane Corp. 1,400 20,724 Yamato Corp. 2,700 16,793 Yamato Holdings Co., Ltd. 14,100 283,020 Yamato International, Inc. 3,200 13,031 Yamato Kogyo Co., Ltd. 6,000 168,182 Yamazaki Baking Co., Ltd. 11,100 222,673 Yamazen Corp. 4,500 46,198 Yaoko Co., Ltd. 3,400 146,704 Yaskawa Electric Corp. 13,900 372,649 Yasuda Logistics Corp. 3,400 23,872 # Yasunaga Corp. 1,100 16,336 Yellow Hat, Ltd. 2,000 51,650 Yodogawa Steel Works, Ltd. 3,800 104,488 Yokogawa Bridge Holdings Corp. 6,500 98,896 Yokogawa Electric Corp. 16,600 279,377 Yokohama Reito Co., Ltd. 6,900 68,618 Yokohama Rubber Co., Ltd. (The) 18,400 370,533 Yokowo Co., Ltd. 1,300 17,186 Yondoshi Holdings, Inc. 1,300 32,651 Yorozu Corp. 2,800 47,262 # Yoshinoya Holdings Co., Ltd. 2,400 40,579 Yuasa Trading Co., Ltd. 1,500 48,061 Yuken Kogyo Co., Ltd. 7,000 14,851 # Yume No Machi Souzou Iinkai Co., Ltd. 1,900 21,639 # Yumeshin Holdings Co., Ltd. 2,600 17,721 Yurtec Corp. 8,000 54,308 Yusen Logistics Co., Ltd. 2,600 23,555 Yushiro Chemical Industry Co., Ltd. 2,000 27,230 Yutaka Giken Co., Ltd. 200 4,578 Zenitaka Corp. (The) 6,000 25,856 Zenkoku Hosho Co., Ltd. 2,900 124,708 Zenrin Co., Ltd. 3,400 104,638 Zensho Holdings Co., Ltd. 9,400 170,038 Zeon Corp. 27,000 336,855 ZERIA Pharmaceutical Co., Ltd. 2,300 40,081 * ZIGExN Co., Ltd. 1,700 24,791 Zojirushi Corp. 4,000 41,759 Zuiko Corp. 700 24,697 Zuken, Inc. 500 6,575 ------------ TOTAL JAPAN 178,646,990 ------------ NETHERLANDS -- (2.7%) Aalberts Industries NV 17,314 755,957 ABN AMRO Group NV 14,631 413,549 Accell Group 3,291 100,322 Aegon NV 141,260 791,826 Akzo Nobel NV 20,406 1,847,438 * Altice NV Class A 8,629 212,597 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NETHERLANDS -- (Continued) * Altice NV Class B 3,103 $ 76,661 AMG Advanced Metallurgical Group NV 5,138 177,364 Amsterdam Commodities NV 3,217 95,560 APERAM SA 5,781 280,975 Arcadis NV 10,879 222,478 * ArcelorMittal(BYPBS67) 25,949 683,197 #* ArcelorMittal(03938L203) 12,887 337,124 ASM International NV 6,745 405,899 ASML Holding NV(B908F01) 3,081 463,150 ASML Holding NV(B929F46) 886 133,610 BE Semiconductor Industries NV 6,146 399,788 # Beter Bed Holding NV 3,857 71,605 # BinckBank NV 7,357 40,468 Boskalis Westminster 14,083 503,702 # Brunel International NV 2,935 45,103 Coca-Cola European Partners P.L.C. 10,218 443,493 Corbion NV 12,156 392,594 Flow Traders 2,226 67,405 * Fugro NV 7,523 120,835 Gemalto NV(B9MS8P5) 7,325 373,144 Gemalto NV(B011JK4) 1,476 75,238 GrandVision NV 2,117 59,824 #* Heijmans NV 3,649 30,860 Hunter Douglas NV 838 73,326 IMCD Group NV 3,147 176,198 ING Groep NV 111,466 2,082,612 # ING Groep NV Sponsored ADR 924 17,307 Intertrust NV 2,090 35,849 KAS Bank NV 2,157 24,886 Kendrion NV 2,103 89,716 Koninklijke Ahold Delhaize NV 75,766 1,549,716 # Koninklijke BAM Groep NV 20,355 121,039 # Koninklijke KPN NV 243,597 883,367 Koninklijke Vopak NV 12,232 582,395 Nederland Apparatenfabriek 600 27,560 NN Group NV 21,928 888,826 #* OCI NV 12,948 277,392 Ordina NV 9,133 17,066 Randstad Holding NV 16,878 1,017,672 Refresco Group NV 7,710 150,644 RELX NV 22,194 466,172 RELX NV Sponsored ADR 1,443 30,454 SBM Offshore NV 25,918 448,206 Sligro Food Group NV 3,299 149,216 * Telegraaf Media Groep NV 752 5,358 TKH Group NV 6,420 392,660 * TomTom NV 16,509 175,240 Unilever NV(B12T3J1) 5,302 308,988 Unilever NV(904784709) 20,396 1,186,435 Van Lanschot Kempen NV 1,759 52,168 # Wessanen 8,129 143,331 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- NETHERLANDS -- (Continued) Wolters Kluwer NV 19,213 $ 854,468 TOTAL NETHERLANDS 21,850,033 NEW ZEALAND -- (0.4%) #* a2 Milk Co., Ltd. 56,401 187,036 Air New Zealand, Ltd. 91,054 229,235 Auckland International Airport, Ltd. 41,736 218,194 Chorus, Ltd. 54,819 183,698 Contact Energy, Ltd. 48,151 193,887 EBOS Group, Ltd. 9,936 134,977 Fisher & Paykel Healthcare Corp., Ltd. 30,399 250,485 Fletcher Building, Ltd. 36,610 219,768 # Fonterra Co-operative Group, Ltd. 3,264 14,834 Freightways, Ltd. 13,761 82,148 Genesis Energy, Ltd. 33,982 63,302 Heartland Bank, Ltd. 32,413 44,305 Infratil, Ltd. 47,145 109,452 Kathmandu Holdings, Ltd. 8,507 14,509 # Mainfreight, Ltd. 11,918 217,493 Mercury NZ, Ltd. 14,712 38,474 Meridian Energy, Ltd. 15,516 33,564 Metlifecare, Ltd. 23,044 96,754 * New Zealand Oil & Gas, Ltd. 38,179 17,193 New Zealand Refining Co., Ltd. (The) 13,838 25,658 NZME, Ltd. 18,597 12,956 NZX, Ltd. 15,246 13,497 Port of Tauranga, Ltd. 19,685 69,181 Restaurant Brands New Zealand, Ltd. 17,025 82,017 Ryman Healthcare, Ltd. 14,501 96,036 Scales Corp., Ltd. 6,017 15,412 Skellerup Holdings, Ltd. 11,366 14,346 SKY Network Television, Ltd. 47,578 118,254 Spark New Zealand, Ltd. 92,215 259,734 Steel & Tube Holdings, Ltd. 7,891 13,094 Summerset Group Holdings, Ltd. 18,682 68,054 Tilt Renewables, Ltd. 3,203 5,198 Tourism Holdings, Ltd. 18,134 58,326 * Tower, Ltd. 17,032 12,023 Trade Me Group, Ltd. 38,216 157,128 Trustpower, Ltd. 7,314 31,866 Vector, Ltd. 12,512 31,974 Warehouse Group, Ltd. (The) 9,073 14,719 * Xero, Ltd. 2,235 44,283 Z Energy, Ltd. 16,817 97,771 ----------- TOTAL NEW ZEALAND 3,590,835 ----------- NORWAY -- (0.9%) ABG Sundal Collier Holding ASA 50,360 34,930 AF Gruppen ASA 821 15,622 * Akastor ASA 25,280 51,787 Aker ASA Class A 4,254 161,090 Aker BP ASA 11,645 219,973 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- NORWAY -- (Continued) * Aker Solutions ASA 24,198 $121,024 American Shipping Co. ASA 6,421 20,213 Atea ASA 14,476 177,496 Austevoll Seafood ASA 16,705 148,387 * Avance Gas Holding, Ltd. 10,487 32,061 #* Axactor AB 78,581 25,534 Bakkafrost P/F 3,647 143,200 Bonheur ASA 4,051 41,797 Borregaard ASA 15,336 191,812 BW LPG, Ltd. 13,368 60,278 #* BW Offshore, Ltd. 19,978 61,572 DNB ASA 30,305 595,326 #* DNO ASA 64,266 74,958 Ekornes ASA 3,969 57,573 Entra ASA 7,186 95,513 #* Fred Olsen Energy ASA 4,932 7,210 Frontline, Ltd. 6,919 40,116 # Gjensidige Forsikring ASA 7,694 133,162 Grieg Seafood ASA 8,925 73,269 #* Hexagon Composites ASA 12,297 43,601 Hoegh LNG Holdings, Ltd. 2,182 24,470 * Kongsberg Automotive ASA 69,568 73,709 * Kvaerner ASA 31,962 46,651 Leroy Seafood Group ASA 17,100 99,254 # Marine Harvest ASA 14,667 273,446 #* Nordic Semiconductor ASA 8,150 40,252 Norsk Hydro ASA 46,682 301,218 #* Norwegian Air Shuttle ASA 5,211 127,944 * Norwegian Finans Holding ASA 5,587 60,021 Ocean Yield ASA 7,359 62,866 * Odfjell Drilling, Ltd. 14,111 38,225 Odfjell SE Class A 3,280 12,358 Olav Thon Eiendomsselskap ASA 1,732 37,065 Opera Software ASA 9,437 39,041 Orkla ASA 10,762 110,860 #* Petroleum Geo-Services ASA 53,508 117,354 * Prosafe SE 5,041 19,497 # Protector Forsikring ASA 12,346 120,830 #* REC Silicon ASA 334,585 41,068 Salmar ASA 4,507 117,175 Scatec Solar ASA 7,243 42,494 # Schibsted ASA Class A 2,182 55,665 Schibsted ASA Class B 1,832 42,856 #* Seadrill, Ltd.(B09RMQ1) 15,042 5,615 * Seadrill, Ltd.(B0HWHV8) 8,487 3,129 Selvaag Bolig ASA 5,149 23,898 * Solstad Farstad ASA 578 690 #* Songa Offshore 2,726 12,222 SpareBank 1 SR-Bank ASA 19,091 190,546 Statoil ASA 44,667 839,475 Statoil ASA Sponsored ADR 3,101 58,175 Stolt-Nielsen, Ltd. 3,909 59,741 Storebrand ASA 43,059 359,165 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NORWAY -- (Continued) Subsea 7 SA 31,080 $ 460,539 Telenor ASA 10,957 218,740 TGS NOPEC Geophysical Co. ASA 15,580 329,247 Tomra Systems ASA 9,964 141,622 Veidekke ASA 5,525 73,035 # XXL ASA 2,961 28,840 Yara International ASA 5,664 225,122 ---------- TOTAL NORWAY 7,561,624 ---------- PORTUGAL -- (0.3%) Altri SGPS SA 17,850 81,066 #* Banco Comercial Portugues SA Class R 506,670 144,421 CTT-Correios de Portugal SA 23,536 153,479 EDP - Energias de Portugal SA 58,343 207,144 EDP Renovaveis SA 23,708 189,471 Galp Energia SGPS SA 36,078 577,988 Jeronimo Martins SGPS SA 10,651 209,487 Mota-Engil SGPS SA 17,035 47,920 Navigator Co. SA (The) 42,396 182,737 NOS SGPS SA 36,632 233,121 # REN - Redes Energeticas Nacionais SGPS SA 23,363 75,708 Semapa-Sociedade de Investimento e Gestao 3,808 74,013 Sonae Capital SGPS SA 12,527 11,962 Sonae SGPS SA 131,993 151,681 Teixeira Duarte SA 12,108 4,752 ---------- TOTAL PORTUGAL 2,344,950 ---------- SINGAPORE -- (1.2%) Accordia Golf Trust 84,700 44,046 Ascendas India Trust 72,000 61,074 * Banyan Tree Holdings, Ltd. 45,200 18,338 * Boustead Projects, Ltd. 2,700 1,858 Boustead Singapore, Ltd. 59,700 41,803 Breadtalk Group, Ltd. 12,000 15,498 Bukit Sembawang Estates, Ltd. 8,400 42,191 CapitaLand, Ltd. 132,900 361,533 Centurion Corp., Ltd. 37,000 14,063 China Aviation Oil Singapore Corp., Ltd. 21,900 26,499 China Sunsine Chemical Holdings, Ltd. 43,300 28,484 Chip Eng Seng Corp., Ltd. 110,800 59,232 CITIC Envirotech, Ltd. 96,100 53,275 City Developments, Ltd. 21,600 179,294 ComfortDelGro Corp., Ltd. 127,300 216,895 CSE Global, Ltd. 44,000 13,467 CWT, Ltd. 36,900 56,335 Dairy Farm International Holdings, Ltd. 8,200 66,114 DBS Group Holdings, Ltd. 49,677 792,528 Del Monte Pacific, Ltd. 53,748 12,283 Delfi, Ltd. 26,800 39,637 * Dyna-Mac Holdings, Ltd. 42,000 4,272 #* Ezion Holdings, Ltd. 259,152 45,894 #* Ezra Holdings, Ltd. 190,010 1,164 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- SINGAPORE -- (Continued) * Falcon Energy Group, Ltd. 77,000 $ 3,067 Far East Orchard, Ltd. 20,100 22,948 First Resources, Ltd. 68,800 94,874 Food Empire Holdings, Ltd. 42,400 20,618 Fragrance Group, Ltd. 64,000 7,751 Frasers Centrepoint, Ltd. 25,800 36,650 Frencken Group, Ltd. 61,500 22,642 Fu Yu Corp., Ltd. 102,100 15,058 * Gallant Venture, Ltd. 52,000 5,302 Geo Energy Resources, Ltd. 113,700 21,382 GL, Ltd. 45,000 24,404 Global Logistic Properties, Ltd. 52,300 127,645 Golden Agri-Resources, Ltd. 1,003,500 292,200 Great Eastern Holdings, Ltd. 1,600 29,505 GuocoLand, Ltd. 34,300 48,198 * Halcyon Agri Corp., Ltd. 43,213 17,557 Haw Par Corp., Ltd. 8,700 67,444 Hi-P International, Ltd. 51,800 38,973 Ho Bee Land, Ltd. 25,500 45,500 Hong Fok Corp., Ltd. 47,700 27,604 Hong Leong Asia, Ltd. 29,800 23,835 Hong Leong Finance, Ltd. 10,500 20,358 Hongkong Land Holdings, Ltd. 14,400 108,209 Hutchison Port Holdings Trust 796,800 378,243 Hyflux, Ltd. 78,700 27,855 Indofood Agri Resources, Ltd. 119,900 43,798 Japfa, Ltd. 100,800 43,104 Jardine Cycle & Carriage, Ltd. 3,866 115,118 k1 Ventures, Ltd. 16,400 8,777 Keppel Corp., Ltd. 79,400 375,497 Keppel Infrastructure Trust 258,425 104,864 Lian Beng Group, Ltd. 48,000 21,430 M1, Ltd. 33,700 44,884 Mandarin Oriental International, Ltd. 11,800 23,856 Metro Holdings, Ltd. 77,400 66,489 * Midas Holdings, Ltd. 218,800 33,051 * Nam Cheong, Ltd. 118,000 1,741 #* Noble Group, Ltd. 179,160 49,465 OUE, Ltd. 42,500 62,709 Oversea-Chinese Banking Corp., Ltd. 61,460 514,749 Oxley Holdings, Ltd. 87,900 37,590 Pan-United Corp., Ltd. 47,875 19,794 * Penguin International, Ltd. 28,666 5,516 Q&M Dental Group Singapore, Ltd. 44,700 21,102 QAF, Ltd. 29,082 28,001 * Raffles Education Corp., Ltd. 103,000 14,715 RHT Health Trust 103,300 67,818 Riverstone Holdings, Ltd. 21,800 16,970 Rotary Engineering, Ltd. 10,000 2,654 * Rowsley, Ltd. 277,600 24,344 SATS, Ltd. 47,000 167,456 SBS Transit, Ltd. 6,200 11,755 SembCorp Industries, Ltd. 184,100 438,446 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) SembCorp Marine, Ltd. 62,600 $ 77,794 Sheng Siong Group, Ltd. 39,000 27,194 SIIC Environment Holdings, Ltd. 135,500 48,495 Sinarmas Land, Ltd. 175,900 55,109 Singapore Airlines, Ltd. 60,200 461,349 Singapore Exchange, Ltd. 28,200 157,393 # Singapore Post, Ltd. 261,900 254,000 Singapore Press Holdings, Ltd. 53,200 114,219 Singapore Telecommunications, Ltd.(B02PY22) 103,300 302,383 Singapore Telecommunications, Ltd.(B02PY00) 25,600 74,950 #* Sino Grandness Food Industry Group, Ltd. 66,909 10,847 Stamford Land Corp., Ltd. 92,500 35,518 StarHub, Ltd. 39,000 78,550 Sunningdale Tech, Ltd. 26,600 39,624 * Swiber Holdings, Ltd. 23,999 361 * Tat Hong Holdings, Ltd. 50,600 13,801 Tuan Sing Holdings, Ltd. 103,000 25,410 UMS Holdings, Ltd. 57,500 44,948 United Engineers, Ltd. 84,500 163,235 United Industrial Corp., Ltd. 28,100 66,544 United Overseas Bank, Ltd. 44,519 787,790 UOB-Kay Hian Holdings, Ltd. 30,600 31,155 UOL Group, Ltd. 43,551 253,398 Valuetronics Holdings, Ltd. 42,350 25,304 Venture Corp., Ltd. 46,200 448,818 Vibrant Group, Ltd. 65,537 18,641 Wee Hur Holdings, Ltd. 81,000 14,354 Wheelock Properties Singapore, Ltd. 35,200 48,556 Wing Tai Holdings, Ltd. 74,600 112,263 * Yongnam Holdings, Ltd. 39,750 6,894 ---------- TOTAL SINGAPORE 9,888,189 ---------- SPAIN -- (2.9%) Abertis Infraestructuras SA 24,855 490,073 Acciona SA 6,125 523,562 Acerinox SA 12,586 161,580 ACS Actividades de Construccion y Servicios SA 17,681 677,110 Adveo Group International SA 65 242 Aena SA 1,756 343,207 Almirall SA 8,069 78,044 Amadeus IT Group SA 15,792 972,059 * Amper SA 158,699 44,759 Applus Services SA 17,806 229,337 Atresmedia Corp. de Medios de Comunicacion SA 9,147 107,357 Banco de Sabadell SA 410,794 917,353 Banco Santander SA 493,776 3,361,708 Bankia SA 69,284 350,181 Bankinter SA 55,291 538,113 Bolsas y Mercados Espanoles SHMSF SA 9,273 340,115 CaixaBank SA 161,819 842,860 Cellnex Telecom SA 18,558 417,413 Cia de Distribucion Integral Logista Holdings SA 4,145 107,028 Cie Automotive SA 7,701 190,613 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SPAIN -- (Continued) Construcciones y Auxiliar de Ferrocarriles SA 1,770 $ 78,703 Distribuidora Internacional de Alimentacion SA 76,633 516,163 #* Duro Felguera SA 4,050 3,598 Ebro Foods SA 7,228 173,026 * eDreams ODIGEO SA 6,440 22,417 Elecnor SA 5,544 76,401 Enagas SA 21,559 609,322 Ence Energia y Celulosa SA 29,445 125,485 Endesa SA 11,727 277,617 Ercros SA 20,301 73,759 Euskaltel SA 10,353 105,856 Faes Farma SA 26,328 83,500 Ferrovial SA 17,905 386,120 Fluidra SA 5,883 51,689 Gas Natural SDG SA 23,915 559,707 Grupo Catalana Occidente SA 3,591 159,750 * Grupo Empresarial San Jose SA 5,655 25,157 * Grupo Ezentis SA 25,403 21,551 Iberdrola SA 262,600 2,070,063 * Indra Sistemas SA 15,238 235,768 Industria de Diseno Textil SA 13,831 549,013 Inmobiliaria Colonial SA 27,706 258,426 Laboratorios Farmaceuticos Rovi SA 13 247 #* Liberbank SA 43,582 50,200 Mapfre SA 117,421 437,372 Mediaset Espana Comunicacion SA 23,265 293,227 Melia Hotels International SA 5,483 84,987 NH Hotel Group SA 16,939 112,852 Obrascon Huarte Lain SA 27,745 116,507 Papeles y Cartones de Europa SA 8,742 76,696 * Pharma Mar SA 7,549 34,272 * Promotora de Informaciones SA Class A 3,939 14,903 Prosegur Cia de Seguridad SA 41,517 283,763 #* Quabit Inmobiliaria SA(BYYTT70) 7,938 16,381 Quabit Inmobiliaria SA(BYVXB02) 397 822 * Realia Business SA 37,641 48,680 Red Electrica Corp. SA 21,736 465,659 Repsol SA 76,088 1,274,313 * Sacyr SA 67,057 178,934 Saeta Yield SA 5,552 63,707 Siemens Gamesa Renewable Energy SA 21,617 353,679 #* Solaria Energia y Medio Ambiente SA 7,125 11,509 Talgo SA 16,386 94,704 Tecnicas Reunidas SA 3,693 130,958 Telefonica SA 100,211 1,134,685 Telefonica SA Sponsored ADR 2,163 24,399 * Tubacex SA 6,641 25,993 * Tubos Reunidos SA 7,475 9,500 Vidrala SA 2,933 228,797 Viscofan SA 5,278 314,008 * Vocento SA 5,909 11,002 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SPAIN -- (Continued) Zardoya Otis SA 22,904 $ 240,269 ----------- TOTAL SPAIN 23,288,830 ----------- SWEDEN -- (2.7%) AAK AB 3,627 268,092 Acando AB 15,009 50,566 AddLife AB 1,213 25,003 AddNode Group AB 1,340 11,947 AddTech AB Class B 5,842 113,963 AF AB Class B 4,591 100,563 Alfa Laval AB 10,837 242,029 Alimak Group AB 652 11,304 Assa Abloy AB Class B 17,605 377,151 Atrium Ljungberg AB Class B 3,965 67,708 # Avanza Bank Holding AB 2,837 117,053 Axfood AB 6,708 112,974 * BE Group AB 2,614 18,932 Beijer Alma AB 3,709 108,324 Beijer Ref AB 1,333 40,045 Bergman & Beving AB 2,710 33,574 Bilia AB Class A 17,590 169,941 BillerudKorsnas AB 23,937 378,501 BioGaia AB Class B 1,469 54,771 Bjorn Borg AB 2,898 12,026 Boliden AB 30,871 969,165 Bonava AB 969 16,842 Bonava AB Class B 6,486 113,494 Bulten AB 2,126 32,392 Bure Equity AB 8,535 104,863 # Byggmax Group AB 14,220 114,935 Castellum AB 16,246 252,521 Catena AB 731 12,646 # Cavotec SA 6,898 26,406 Clas Ohlson AB Class B 6,230 128,074 Cloetta AB Class B 20,574 73,630 Com Hem Holding AB 30,063 439,053 Concentric AB 9,782 153,484 Dios Fastigheter AB 11,486 67,163 Doro AB 2,536 15,858 Duni AB 5,891 85,380 # Dustin Group AB 5,014 42,057 Eastnine AB 4,136 35,334 Elanders AB Class B 1,369 16,315 Electrolux AB Series B 10,383 355,051 Elekta AB Class B 11,544 111,109 #* Eltel AB 14,557 46,302 Enea AB 2,198 21,000 * Essity AB Class A 1,061 30,685 * Essity AB Class B 19,265 558,589 Fabege AB 10,072 198,936 # Fagerhult AB 2,325 30,602 #* Fastighets AB Balder Class B 4,239 107,854 Fenix Outdoor International AG 365 38,566 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) #* Fingerprint Cards AB Class B 19,879 $ 92,964 Getinge AB Class B 15,028 260,869 Granges AB 11,039 122,023 Gunnebo AB 3,716 19,784 * Haldex AB 5,611 74,895 Hemfosa Fastigheter AB 12,328 151,233 Hennes & Mauritz AB Class B 14,140 368,915 Hexagon AB Class B 6,501 321,223 Hexpol AB 21,350 218,366 HIQ International AB 9,640 64,456 # Hoist Finance AB 2,421 26,828 Holmen AB Class B 6,683 301,841 Hufvudstaden AB Class A 5,938 103,359 Husqvarna AB Class A 3,743 37,757 Husqvarna AB Class B 38,587 392,532 # ICA Gruppen AB 3,953 158,393 Indutrade AB 10,578 260,942 # Intrum Justitia AB 8,915 290,088 Inwido AB 4,496 56,522 # ITAB Shop Concept AB Class B 846 7,304 JM AB 9,597 336,846 KappAhl AB 10,381 59,058 # Karo Pharma AB 5,475 28,658 Klovern AB Class B 56,322 71,949 KNOW IT AB 2,964 47,777 Kungsleden AB 17,346 114,092 Lagercrantz Group AB Class B 5,507 62,354 Lifco AB Class B 1,426 47,543 Lindab International AB 11,046 116,151 Loomis AB Class B 14,699 546,098 * Lundin Petroleum AB 5,054 115,098 * Medivir AB Class B 2,235 18,534 # Mekonomen AB 3,298 69,453 Millicom International Cellular SA 6,814 426,976 # Modern Times Group MTG AB Class B 8,916 309,866 * Momentum Group AB Class B 2,710 27,943 MQ Holding AB 4,787 18,728 # Mycronic AB 9,725 101,377 NCC AB Class B 10,260 266,962 #* Net Insight AB Class B 41,405 27,188 New Wave Group AB Class B 9,925 69,143 Nibe Industrier AB Class B 23,396 223,060 Nobia AB 19,935 204,671 Nobina AB 13,489 66,488 Nolato AB Class B 3,468 152,296 Nordea Bank AB 86,091 1,086,286 OEM International AB Class B 697 15,283 # Opus Group AB 38,441 33,549 Pandox AB 9,213 165,719 Peab AB 21,564 253,124 Platzer Fastigheter Holding AB Class B 1,813 11,673 Pricer AB Class B 19,106 23,077 Proact IT Group AB 795 20,332 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWEDEN -- (Continued) Probi AB 221 $ 10,125 * Qliro Group AB 13,238 27,239 # Ratos AB Class B 33,606 160,541 * RaySearch Laboratories AB 2,357 57,692 # Recipharm AB Class B 3,309 39,751 Rezidor Hotel Group AB 8,921 34,380 Rottneros AB 22,228 19,957 Sagax AB Class B 2,985 37,488 Sandvik AB 38,936 613,577 #* SAS AB 23,872 57,061 Scandi Standard AB 9,471 67,728 Sectra AB Class B 2,309 43,613 Securitas AB Class B 16,440 273,781 Semcon AB 1,792 11,866 Skandinaviska Enskilda Banken AB Class A 45,159 571,908 Skandinaviska Enskilda Banken AB Class C 1,269 15,920 Skanska AB Class B 13,923 316,378 SkiStar AB 3,188 70,887 * SSAB AB Class A(BPRBWK4) 2,180 11,102 * SSAB AB Class A(B17H0S8) 25,913 130,924 * SSAB AB Class B(BPRBWM6) 12,326 51,094 * SSAB AB Class B(B17H3F6) 59,557 245,921 Svenska Cellulosa AB SCA Class A 1,061 10,962 Svenska Cellulosa AB SCA Class B 19,265 159,512 Svenska Handelsbanken AB Class A 42,638 634,628 Svenska Handelsbanken AB Class B 1,524 22,728 Sweco AB Class B 4,541 110,905 Swedbank AB Class A 22,740 592,999 * Swedish Orphan Biovitrum AB 6,693 101,915 Swedol AB Class B 4,279 15,324 Systemair AB 2,749 46,660 Tele2 AB Class B 27,968 332,869 Telia Co. AB 230,338 1,082,786 Thule Group AB 10,129 197,119 Trelleborg AB Class B 19,046 448,580 Troax Group AB 619 17,407 Victoria Park AB Class B 9,440 32,127 Wallenstam AB Class B 15,307 155,840 Wihlborgs Fastigheter AB 5,650 137,433 ----------- TOTAL SWEDEN 21,949,146 ----------- SWITZERLAND -- (4.5%) ABB, Ltd. 74,739 1,750,860 ABB, Ltd. Sponsored ADR 6,352 149,272 Adecco Group AG 14,263 1,088,167 Allreal Holding AG 2,264 411,660 * Alpiq Holding AG 542 45,961 ALSO Holding AG 807 105,532 ams AG 9,419 678,794 APG SGA SA 147 66,305 * Arbonia AG 5,508 104,797 Aryzta AG 8,514 273,597 Ascom Holding AG 3,746 74,190 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) Autoneum Holding AG 555 $ 133,366 Bachem Holding AG Class B 401 44,402 Baloise Holding AG 5,487 881,575 Bank Cler AG 318 14,288 Banque Cantonale de Geneve 114 18,808 Banque Cantonale Vaudoise 435 314,721 Belimo Holding AG 42 174,146 Bell Food Group AG 130 59,823 Bellevue Group AG 1,525 30,508 # Berner Kantonalbank AG 283 53,601 BFW Liegenschaften AG 476 22,565 BKW AG 1,274 72,594 Bobst Group SA 1,434 159,655 Bossard Holding AG Class A 1,313 283,937 Bucher Industries AG 1,070 356,789 # Burckhardt Compression Holding AG 543 161,281 Burkhalter Holding AG 390 55,255 Calida Holding AG 679 27,307 Carlo Gavazzi Holding AG 71 25,916 Cembra Money Bank AG 3,237 290,376 Cham Paper Holding AG 53 21,699 * Cicor Technologies, Ltd. 460 24,166 Cie Financiere Richemont SA 14,895 1,266,226 Cie Financiere Tradition SA 381 35,009 Clariant AG 36,295 843,405 Coltene Holding AG 595 61,549 Conzzeta AG 194 203,020 Credit Suisse Group AG 24,957 383,631 Credit Suisse Group AG Sponsored ADR 76,912 1,180,600 Daetwyler Holding AG 1,315 214,925 DKSH Holding AG 4,027 316,897 dormakaba Holding AG 388 345,841 * Dufry AG 5,116 815,007 # EFG International AG 11,720 87,026 Emmi AG 324 228,272 EMS-Chemie Holding AG 318 221,270 Energiedienst Holding AG 346 9,447 #* Evolva Holding SA 22,215 10,570 Feintool International Holding AG 276 33,707 Flughafen Zurich AG 3,240 826,326 Forbo Holding AG 199 302,150 GAM Holding AG 28,584 450,655 Geberit AG 1,255 603,598 Georg Fischer AG 792 900,775 Givaudan SA 348 692,383 Gurit Holding AG 69 82,909 Helvetia Holding AG 851 475,646 Hiag Immobilien Holding AG 100 12,375 # HOCHDORF Holding AG 96 28,786 Huber & Suhner AG 2,188 155,932 * Idorsia, Ltd. 3,078 57,616 Implenia AG 2,220 164,180 Inficon Holding AG 262 143,686 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) # Interroll Holding AG 118 $ 154,717 Intershop Holding AG 103 50,940 Julius Baer Group, Ltd. 14,265 807,499 Jungfraubahn Holding AG 368 43,392 Kardex AG 1,504 165,767 Komax Holding AG 476 139,040 Kudelski SA 5,386 85,754 Kuehne + Nagel International AG 1,563 272,187 LEM Holding SA 50 60,495 Liechtensteinische Landesbank AG 1,066 53,906 Logitech International SA(B18ZRK2) 5,413 196,465 Logitech International SA(H50430232) 9,093 327,712 Luzerner Kantonalbank AG 432 194,253 MCH Group AG 97 7,703 Metall Zug AG Class B 21 87,871 #* Meyer Burger Technology AG 9,014 14,164 Mobilezone Holding AG 1,960 28,375 Mobimo Holding AG 834 238,081 # OC Oerlikon Corp. AG 32,356 473,399 * Orascom Development Holding AG 1,275 8,874 # Orell Fuessli Holding AG 12 1,594 Orior AG 891 66,426 Partners Group Holding AG 732 475,191 # Phoenix Mecano AG 82 47,705 Plazza AG Class A 139 33,051 PSP Swiss Property AG 3,502 318,645 Rieter Holding AG 545 126,219 # Romande Energie Holding SA 3 4,048 * Schaffner Holding AG 96 31,712 * Schmolz + Bickenbach AG 74,992 68,945 Schweiter Technologies AG 167 219,790 SFS Group AG 1,290 146,750 SGS SA 181 400,043 Sonova Holding AG 4,752 770,733 # St Galler Kantonalbank AG 340 151,447 Straumann Holding AG 676 381,749 Sulzer AG 2,207 247,601 Sunrise Communications Group AG 6,410 505,518 Swatch Group AG (The)(7184725) 1,761 698,695 Swatch Group AG (The)(7184736) 3,154 242,934 Swiss Life Holding AG 2,148 783,918 Swiss Prime Site AG 4,533 409,203 Swiss Re AG 10,301 993,142 Swisscom AG 2,036 995,119 Swissquote Group Holding SA 748 21,542 Tamedia AG 328 50,546 Temenos Group AG 5,716 552,545 u-blox Holding AG 1,120 222,405 * UBS Group AG(H42097107) 60,036 1,046,427 UBS Group AG(BRJL176) 41,411 720,157 Valiant Holding AG 2,794 329,348 Valora Holding AG 483 160,329 # Vaudoise Assurances Holding SA 140 77,883 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) Vetropack Holding AG 21 $ 44,343 Vifor Pharma AG 4,540 484,616 Vontobel Holding AG 4,470 297,366 VP Bank AG 236 29,723 VZ Holding AG 244 78,583 Walliser Kantonalbank 10 985 Walter Meier AG 85 3,953 # Ypsomed Holding AG 385 60,114 Zehnder Group AG 1,200 42,126 # Zug Estates Holding AG Class B 17 32,546 Zuger Kantonalbank AG 9 49,747 Zurich Insurance Group AG 5,313 1,619,294 ----------- TOTAL SWITZERLAND 36,584,682 ----------- UNITED KINGDOM -- (15.8%) 3i Group P.L.C. 69,950 863,542 4imprint Group P.L.C. 875 18,239 A.G. Barr P.L.C. 17,394 137,479 AA P.L.C. 43,403 139,863 Aberdeen Asset Management P.L.C. 127,873 555,852 Acacia Mining P.L.C. 23,015 52,944 Acal P.L.C. 2,600 10,765 Admiral Group P.L.C. 14,935 407,426 Aggreko P.L.C. 43,129 482,150 Air Partner P.L.C. 7,429 12,233 * Aldermore Group P.L.C. 7,681 21,987 Amec Foster Wheeler P.L.C. 40,909 239,969 * Anglo American P.L.C. 69,458 1,148,955 Anglo Pacific Group P.L.C. 20,199 31,213 Anglo-Eastern Plantations P.L.C. 1,117 12,455 Antofagasta P.L.C. 35,525 443,637 Arrow Global Group P.L.C. 17,271 99,608 Ashmore Group P.L.C. 56,347 267,498 Ashtead Group P.L.C. 49,049 1,053,784 Associated British Foods P.L.C. 6,376 249,427 Auto Trader Group P.L.C. 47,724 241,028 AVEVA Group P.L.C. 6,407 167,734 Aviva P.L.C. 159,468 1,133,503 Avon Rubber P.L.C. 2,375 31,364 B&M European Value Retail SA 119,110 566,078 Balfour Beatty P.L.C. 54,023 188,051 Barclays P.L.C. 58,005 155,526 Barclays P.L.C. Sponsored ADR 101,031 1,084,063 Barratt Developments P.L.C. 105,956 860,543 BBA Aviation P.L.C. 112,771 446,003 Beazley P.L.C. 74,609 504,215 Bellway P.L.C. 22,291 938,644 Berendsen P.L.C. 28,023 471,388 Berkeley Group Holdings P.L.C. 18,632 859,278 BGEO Group P.L.C. 3,541 161,151 BHP Billiton P.L.C. 9,794 178,584 BHP Billiton P.L.C. ADR 48,655 1,771,529 Bloomsbury Publishing P.L.C. 4,964 11,770 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Bodycote P.L.C. 30,068 $ 360,962 Bovis Homes Group P.L.C. 17,549 234,283 BP P.L.C. 218,392 1,282,780 BP P.L.C. Sponsored ADR 58,087 2,041,173 Braemar Shipping Services P.L.C. 266 1,036 Brewin Dolphin Holdings P.L.C. 53,338 252,797 Britvic P.L.C. 31,534 296,950 BT Group P.L.C. 193,108 799,138 BT Group P.L.C. Sponsored ADR 1,608 33,591 * BTG P.L.C. 21,676 188,435 Bunzl P.L.C. 10,423 314,708 Burberry Group P.L.C. 31,082 701,131 * Cairn Energy P.L.C. 95,158 225,913 * Cambian Group P.L.C. 4,169 10,746 Cape P.L.C. 15,953 55,010 Capita P.L.C. 33,823 293,885 Capital & Counties Properties P.L.C. 69,953 265,916 * Carclo P.L.C. 7,329 16,260 Card Factory P.L.C. 31,813 128,526 # Carillion P.L.C. 52,504 39,316 Carnival P.L.C. 1,660 112,044 # Carnival P.L.C. ADR 5,689 382,756 * Carpetright P.L.C. 246 634 Centamin P.L.C. 184,125 403,854 Centrica P.L.C. 269,114 704,990 Chesnara P.L.C. 4,390 22,103 Cineworld Group P.L.C. 30,823 280,246 * Circassia Pharmaceuticals P.L.C. 29,532 34,519 Clarkson P.L.C. 1,911 67,451 Clipper Logistics P.L.C. 3,651 20,845 Close Brothers Group P.L.C. 26,399 536,770 CLS Holdings P.L.C. 10,731 30,139 Cobham P.L.C. 298,498 522,872 Coca-Cola HBC AG 13,883 419,726 Communisis P.L.C. 36,195 22,734 Compass Group P.L.C. 24,735 527,770 Computacenter P.L.C. 10,772 125,703 Connect Group P.L.C. 18,166 26,606 Consort Medical P.L.C. 3,514 49,382 Costain Group P.L.C. 17,837 110,276 Countrywide P.L.C. 18,971 38,548 Cranswick P.L.C. 6,589 252,270 Crest Nicholson Holdings P.L.C. 41,146 292,150 Croda International P.L.C. 9,413 459,310 * CYBG P.L.C. 31,777 111,935 Daejan Holdings P.L.C. 554 47,654 Daily Mail & General Trust P.L.C. 32,370 272,244 # Dairy Crest Group P.L.C. 19,989 156,454 DCC P.L.C. 6,235 548,134 De La Rue P.L.C. 12,322 108,471 Debenhams P.L.C. 140,138 79,510 Dechra Pharmaceuticals P.L.C. 8,908 208,425 Devro P.L.C. 34,844 99,260 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) * Dialight P.L.C. 2,572 $ 30,692 Dignity P.L.C. 5,002 168,190 Diploma P.L.C. 21,507 306,053 Direct Line Insurance Group P.L.C. 185,365 916,093 Dixons Carphone P.L.C. 119,812 425,540 Domino's Pizza Group P.L.C. 48,143 169,191 Drax Group P.L.C. 49,169 206,597 DS Smith P.L.C. 102,236 651,257 Dunelm Group P.L.C. 9,332 74,154 easyJet P.L.C. 19,216 313,420 Electrocomponents P.L.C. 61,471 503,110 Elementis P.L.C. 65,132 254,589 * EnQuest P.L.C. 142,691 63,342 Entertainment One, Ltd. 15,464 48,623 esure Group P.L.C. 56,417 220,380 Euromoney Institutional Investor P.L.C. 3,971 58,045 * Evraz P.L.C. 44,279 139,159 Experian P.L.C. 32,293 641,541 Fenner P.L.C. 24,333 110,565 Ferrexpo P.L.C. 66,496 208,876 Fidessa Group P.L.C. 6,036 180,123 * Findel P.L.C. 3,077 7,354 * Firstgroup P.L.C. 204,488 311,843 Foxtons Group P.L.C. 38,161 45,208 Fresnillo P.L.C. 10,219 207,386 G4S P.L.C. 196,923 854,785 Galliford Try P.L.C. 8,548 152,852 Games Workshop Group P.L.C. 2,440 51,616 * Gem Diamonds, Ltd. 15,725 17,074 Genus P.L.C. 5,542 126,091 GKN P.L.C. 179,485 761,439 Glencore P.L.C. 324,033 1,429,437 Go-Ahead Group P.L.C. 5,374 127,350 * Gocompare.Com Group P.L.C. 39,443 58,856 Grafton Group P.L.C. 27,545 278,973 Grainger P.L.C. 42,255 146,615 Greencore Group P.L.C. 104,311 307,887 Greggs P.L.C. 20,531 297,960 * Gulf Keystone Petroleum, Ltd. 7,267 9,030 Gulf Marine Services P.L.C. 4,251 3,470 Halfords Group P.L.C. 32,123 141,323 Halma P.L.C. 39,042 565,897 Hargreaves Lansdown P.L.C. 11,431 207,994 Harvey Nash Group P.L.C. 9,701 12,410 Hastings Group Holdings P.L.C. 8,674 35,101 Hays P.L.C. 231,665 509,460 Headlam Group P.L.C. 3,568 27,681 Helical P.L.C. 19,601 89,428 Henry Boot P.L.C. 3,282 13,083 Hill & Smith Holdings P.L.C. 15,512 274,167 Hilton Food Group P.L.C. 318 2,837 Hiscox, Ltd. 36,134 619,063 Hochschild Mining P.L.C. 44,167 184,540 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) HomeServe P.L.C. 41,536 $ 397,034 Howden Joinery Group P.L.C. 113,647 637,430 HSBC Holdings P.L.C. 18,391 184,184 # HSBC Holdings P.L.C. Sponsored ADR 113,694 5,694,932 * Hunting P.L.C. 23,017 142,452 Huntsworth P.L.C. 16,294 15,850 Ibstock P.L.C. 38,061 128,119 IG Group Holdings P.L.C. 62,381 523,976 * Imagination Technologies Group P.L.C. 15,921 30,304 IMI P.L.C. 40,653 645,589 Inchcape P.L.C. 65,432 693,605 Indivior P.L.C. 65,004 329,065 Informa P.L.C. 79,512 729,271 Inmarsat P.L.C. 84,017 859,845 InterContinental Hotels Group P.L.C. 5,167 292,391 # InterContinental Hotels Group P.L.C. ADR 6,582 373,590 Intermediate Capital Group P.L.C. 26,992 322,748 International Consolidated Airlines Group SA 73,944 563,932 Interserve P.L.C. 23,777 70,755 Intertek Group P.L.C. 12,013 681,441 Investec P.L.C. 67,872 515,351 IP Group P.L.C.(BZ3T570) 2,743 90 * IP Group P.L.C.(B128J45) 35,664 66,973 ITE Group P.L.C. 49,582 118,302 ITV P.L.C. 143,823 328,895 IWG P.L.C. 116,110 503,072 J Sainsbury P.L.C. 206,764 668,046 James Fisher & Sons P.L.C. 9,583 198,370 Jardine Lloyd Thompson Group P.L.C. 18,475 289,250 JD Sports Fashion P.L.C. 71,389 337,448 John Laing Group P.L.C. 1,026 4,235 John Menzies P.L.C. 15,125 139,921 John Wood Group P.L.C. 34,524 278,628 Johnson Matthey P.L.C. 17,096 633,615 Jupiter Fund Management P.L.C. 75,295 529,762 * Just Eat P.L.C. 9,297 76,151 Just Group P.L.C. 14,055 27,261 * KAZ Minerals P.L.C. 45,328 429,334 KCOM Group P.L.C. 104,171 126,123 Keller Group P.L.C. 10,733 124,811 Kier Group P.L.C. 12,204 207,410 Kingfisher P.L.C. 133,569 518,349 Laird P.L.C. 54,148 106,842 * Lamprell P.L.C. 19,335 25,258 Lancashire Holdings, Ltd. 18,313 175,708 Laura Ashley Holdings P.L.C. 59,628 8,070 Legal & General Group P.L.C. 340,235 1,204,676 * Liberty Global P.L.C. Class A 3,806 128,869 * Liberty Global P.L.C. Series C 9,330 305,744 #* Liberty Global P.L.C. LiLAC Class A 510 13,117 * Liberty Global P.L.C. LiLAC Class C 1,254 32,013 Lloyds Banking Group P.L.C. 808,284 698,792 Lloyds Banking Group P.L.C. ADR 368,008 1,295,388 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) London Stock Exchange Group P.L.C. 6,972 $ 345,175 * Lonmin P.L.C. 14,920 16,289 Lookers P.L.C. 48,675 70,507 Low & Bonar P.L.C. 25,791 29,267 LSL Property Services P.L.C. 6,199 20,778 Man Group P.L.C. 180,092 380,197 Marks & Spencer Group P.L.C. 205,891 875,061 Marshalls P.L.C. 38,080 192,753 McBride P.L.C. 44,516 111,021 McColl's Retail Group P.L.C. 4,154 12,791 Mears Group P.L.C. 12,378 80,718 Meggitt P.L.C. 73,202 485,861 Melrose Industries P.L.C. 268,035 821,800 Merlin Entertainments P.L.C. 64,135 397,124 Micro Focus International P.L.C. 21,541 634,356 Millennium & Copthorne Hotels P.L.C. 19,124 115,469 Mitie Group P.L.C. 49,951 175,567 Mondi P.L.C. 11,107 292,552 Moneysupermarket.com Group P.L.C. 66,769 292,336 Morgan Advanced Materials P.L.C. 47,500 187,554 Morgan Sindall Group P.L.C. 3,994 72,180 * Mothercare P.L.C. 18,334 24,605 N Brown Group P.L.C. 16,501 67,957 National Express Group P.L.C. 57,976 278,670 National Grid P.L.C. 2,232 27,620 National Grid P.L.C. Sponsored ADR 8,450 528,199 NCC Group P.L.C. 20,594 52,639 NEX Group P.L.C. 28,350 249,300 Next P.L.C. 4,890 254,893 Norcros P.L.C. 6,916 16,361 Northgate P.L.C. 24,189 137,970 Novae Group P.L.C. 6,589 61,364 #* Ocado Group P.L.C. 51,505 204,611 Old Mutual P.L.C. 242,373 628,638 On the Beach Group P.L.C. 5,178 31,807 OneSavings Bank P.L.C. 22,673 117,965 * Ophir Energy P.L.C. 122,192 117,625 Oxford Instruments P.L.C. 4,959 68,400 Pagegroup P.L.C. 56,199 363,271 Paragon Group of Cos. P.L.C. (The) 30,511 174,227 PayPoint P.L.C. 8,942 105,673 * Paysafe Group P.L.C. 66,336 516,308 Pearson P.L.C. 18,631 161,234 Pearson P.L.C. Sponsored ADR 25,110 215,946 Pendragon P.L.C. 181,326 71,678 Pennon Group P.L.C. 40,250 427,818 Persimmon P.L.C. 32,656 1,078,984 * Petra Diamonds, Ltd. 87,614 110,439 Petrofac, Ltd. 24,317 143,683 * Petropavlovsk P.L.C. 321,040 31,028 Pets at Home Group P.L.C. 33,030 70,913 Phoenix Group Holdings 21,613 217,664 Photo-Me International P.L.C. 49,327 106,609 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Polypipe Group P.L.C. 34,981 $ 185,480 Porvair P.L.C. 1,400 9,400 * Premier Foods P.L.C. 108,282 56,088 #* Premier Oil P.L.C. 89,436 71,550 Provident Financial P.L.C. 14,397 391,928 Prudential P.L.C. ADR 37,996 1,860,664 PZ Cussons P.L.C. 23,621 113,155 Randgold Resources, Ltd. 5,206 484,596 Rathbone Brothers P.L.C. 3,427 120,798 * Raven Russia, Ltd. 20,145 12,902 Redrow P.L.C. 39,033 305,019 # RELX P.L.C. Sponsored ADR 28,757 635,817 Renewi P.L.C. 74,274 90,096 Renishaw P.L.C. 4,959 272,577 * Renold P.L.C. 9,728 6,863 Rentokil Initial P.L.C. 127,498 488,638 Ricardo P.L.C. 7,238 73,727 Rightmove P.L.C. 7,525 417,439 Rio Tinto P.L.C. Sponsored ADR 62,049 2,939,882 Robert Walters P.L.C. 3,039 19,001 Rolls-Royce Holdings P.L.C. 124,927 1,463,760 Rotork P.L.C. 146,597 447,804 * Royal Bank of Scotland Group P.L.C. 7,006 22,970 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR 44,187 293,402 Royal Dutch Shell P.L.C. Class A 61,153 1,727,057 Royal Dutch Shell P.L.C. Class B 13,291 378,635 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 55,590 3,142,503 Royal Dutch Shell P.L.C. Sponsored ADR, Class B 42,847 2,479,127 Royal Mail P.L.C. 79,733 423,970 RPC Group P.L.C. 56,662 669,956 RPS Group P.L.C. 25,396 91,356 RSA Insurance Group P.L.C. 91,908 791,309 Saga P.L.C. 72,218 198,888 Sage Group P.L.C. (The) 37,789 336,056 Savills P.L.C. 27,971 337,308 Schroders P.L.C.(0239581) 2,285 74,207 Schroders P.L.C.(0240549) 10,536 478,776 SDL P.L.C. 6,858 58,197 Senior P.L.C. 64,178 210,541 * Serco Group P.L.C. 64,316 94,163 Servelec Group P.L.C. 2,347 8,935 Severfield P.L.C. 33,709 32,975 Severn Trent P.L.C. 13,271 392,389 SIG P.L.C. 71,621 156,440 Sky P.L.C. 38,048 484,889 Smith & Nephew P.L.C. 35,658 620,447 Smith & Nephew P.L.C. Sponsored ADR 750 26,437 Smiths Group P.L.C. 37,001 749,450 Soco International P.L.C. 27,557 44,060 Softcat P.L.C. 504 2,652 Spectris P.L.C. 17,283 560,962 Speedy Hire P.L.C. 39,882 28,673 Spirax-Sarco Engineering P.L.C. 7,791 571,809 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Spirent Communications P.L.C. 46,293 $ 72,287 #* Sports Direct International P.L.C. 33,799 169,102 SSE P.L.C. 77,201 1,404,934 SSP Group P.L.C. 55,691 374,355 St James's Place P.L.C. 44,862 720,589 St. Ives P.L.C. 2,904 2,107 St. Modwen Properties P.L.C. 33,164 156,792 Stagecoach Group P.L.C. 46,868 111,479 * Standard Chartered P.L.C. 109,555 1,224,635 Standard Life P.L.C. 95,139 547,630 Sthree P.L.C. 11,419 47,917 Stobart Group, Ltd. 6,398 23,242 SuperGroup P.L.C. 7,191 142,196 Synthomer P.L.C. 56,500 365,148 # TalkTalk Telecom Group P.L.C. 58,409 138,534 Tarsus Group P.L.C. 5,195 20,553 Tate & Lyle P.L.C. 79,225 702,501 Taylor Wimpey P.L.C. 459,026 1,152,890 Ted Baker P.L.C. 2,796 92,787 Telecom Plus P.L.C. 12,067 182,350 * Tesco P.L.C. 606,926 1,395,028 Thomas Cook Group P.L.C. 265,125 384,114 Topps Tiles P.L.C. 21,095 23,047 TP ICAP P.L.C. 48,564 311,624 Travis Perkins P.L.C. 26,862 538,002 Trifast P.L.C. 6,091 17,808 Trinity Mirror P.L.C. 54,313 74,909 TT Electronics P.L.C. 14,705 41,255 TUI AG(5666292) 17,393 274,251 TUI AG(B11LJN4) 20,624 324,160 * Tullow Oil P.L.C. 157,382 350,042 U & I Group P.L.C. 17,786 44,138 UBM P.L.C. 38,732 369,827 UDG Healthcare P.L.C. 24,106 269,134 Unilever P.L.C. 3,266 186,269 Unilever P.L.C. Sponsored ADR 33,461 1,906,942 United Utilities Group P.L.C. 34,594 409,956 * Vectura Group P.L.C. 50,294 75,651 Vedanta Resources P.L.C. 7,796 79,181 Vesuvius P.L.C. 23,467 168,196 Victrex P.L.C. 15,039 391,396 Virgin Money Holdings UK P.L.C. 13,610 51,209 Vitec Group P.L.C. (The) 435 5,785 Vodafone Group P.L.C. 941,613 2,760,199 Weir Group P.L.C. (The) 12,799 309,794 WH Smith P.L.C. 13,676 317,711 Whitbread P.L.C. 7,172 364,194 Wincanton P.L.C. 8,819 29,925 * Wizz Air Holdings P.L.C. 2,207 75,750 WM Morrison Supermarkets P.L.C. 240,713 763,445 Wolseley P.L.C. 10,123 604,411 Worldpay Group P.L.C. 79,989 390,331 WPP P.L.C. 64,405 1,313,462 INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) Xaar P.L.C. 5,723 $ 31,912 XP Power, Ltd. 695 24,162 ZPG P.L.C. 25,929 124,912 ------------ TOTAL UNITED KINGDOM 128,321,294 ------------ UNITED STATES -- (0.0%) * Janus Henderson Group P.L.C. 11,107 366,836 ------------ TOTAL COMMON STOCKS 770,972,915 ------------ PREFERRED STOCKS -- (0.2%) GERMANY -- (0.2%) * Biotest AG 1,499 40,761 Draegerwerk AG & Co. KGaA 845 90,913 Fuchs Petrolub SE 4,354 258,477 Henkel AG & Co. KGaA 1,031 146,039 Jungheinrich AG 10,142 402,455 Sartorius AG 2,083 196,874 Schaeffler AG 3,931 54,807 STO SE & Co. KGaA 292 41,236 ------------ TOTAL GERMANY 1,231,562 ------------ TOTAL PREFERRED STOCKS 1,231,562 ------------ RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Link Administration Holdings, Ltd. Rights 07/17/17 12,071 -- ------------ FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 16,911 -- ------------ TOTAL RIGHTS/WARRANTS -- ------------ TOTAL INVESTMENT SECURITIES 772,204,477 ------------ VALUE+ ------------ SECURITIES LENDING COLLATERAL -- (5.0%) (S)@ DFA Short Term Investment Fund 3,512,014 40,641,030 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $716,550,642)^^ $812,845,507 ============ INTERNATIONAL SOCIAL CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------------ ------- ------------ Common Stocks Australia $ 53,116 $ 49,163,277 -- $ 49,216,393 Austria -- 5,740,751 -- 5,740,751 Belgium -- 10,852,786 -- 10,852,786 Canada 77,440,352 -- -- 77,440,352 China -- 14,374 -- 14,374 Denmark -- 11,365,220 -- 11,365,220 Finland -- 12,488,140 -- 12,488,140 France 261,225 61,412,309 -- 61,673,534 Germany 1,212,959 50,618,931 -- 51,831,890 Hong Kong 36,897 23,520,953 -- 23,557,850 Ireland 2,023,780 2,619,651 -- 4,643,431 Israel 203,463 5,005,270 -- 5,208,733 Italy 474,846 22,071,206 -- 22,546,052 Japan 21,480 178,625,510 -- 178,646,990 Netherlands 2,109,708 19,740,325 -- 21,850,033 New Zealand -- 3,590,835 -- 3,590,835 Norway 61,304 7,500,320 -- 7,561,624 Portugal -- 2,344,950 -- 2,344,950 Singapore -- 9,888,189 -- 9,888,189 Spain 24,399 23,264,431 -- 23,288,830 Sweden 617,217 21,331,929 -- 21,949,146 Switzerland 2,761,627 33,823,055 -- 36,584,682 United Kingdom 27,185,684 101,135,610 -- 128,321,294 United States -- 366,836 -- 366,836 Preferred Stocks Germany -- 1,231,562 -- 1,231,562 Securities Lending Collateral -- 40,641,030 -- 40,641,030 ------------ ------------ -- ------------ TOTAL $114,488,057 $698,357,450 -- $812,845,507 ============ ============ == ============ EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------- ---------- COMMON STOCKS -- (93.6%) BRAZIL -- (5.1%) AES Tiete Energia SA(BZ8W2J5) 60 $ 54 AES Tiete Energia SA(BZ8W2L7) 129,215 582,604 * Aliansce Shopping Centers SA 54,075 291,327 Alupar Investimento SA 55,725 327,736 Arezzo Industria e Comercio SA 23,528 279,166 * B2W Cia Digital 87,829 374,597 B3 SA - Brasil Bolsa Balcao 338,610 2,224,933 Banco Bradesco SA 243,466 2,353,969 Banco do Brasil SA 159,974 1,472,334 Banco Santander Brasil SA 93,532 765,149 BB Seguridade Participacoes SA 100,848 887,738 BR Malls Participacoes SA 387,337 1,639,601 BR Properties SA 11,500 35,957 * Brasil Brokers Participacoes SA 95,800 34,408 BrasilAgro - Co. Brasileira de Propriedades Agricolas 20,100 76,382 # Braskem SA Sponsored ADR 39,869 957,653 * BRF SA 86,569 1,024,942 BTG Pactual Group 53,165 266,820 CCR SA 324,503 1,777,386 * Centrais Eletricas Brasileiras SA 53,982 233,700 * Cia Brasileira de Distribuicao 10,737 249,313 Cia de Locacao das Americas 7,600 27,979 Cia de Saneamento Basico do Estado de Sao Paulo 88,836 955,777 Cia de Saneamento Basico do Estado de Sao Paulo ADR 37,154 399,777 Cia de Saneamento de Minas Gerais-COPASA 35,720 485,453 Cia Energetica de Minas Gerais 32,409 90,626 Cia Hering 64,458 444,210 Cia Paranaense de Energia 10,700 72,744 # Cia Paranaense de Energia Sponsored ADR 5,293 43,826 * Cia Siderurgica Nacional SA 73,600 179,849 #* Cia Siderurgica Nacional SA Sponsored ADR 356,608 870,124 Cielo SA 270,550 2,264,451 * Construtora Tenda SA 9,782 49,250 * Cosan Logistica SA 64,837 156,355 Cosan SA Industria e Comercio 26,177 303,042 CPFL Energia SA 48,483 417,610 CVC Brasil Operadora e Agencia de Viagens SA 30,400 347,543 Cyrela Brazil Realty SA Empreendimentos e Participacoes 170,500 669,239 * Cyrela Commercial Properties SA Empreendimentos e Participacoes 2,400 7,696 Direcional Engenharia SA 52,200 94,914 Duratex SA 183,395 465,787 EcoRodovias Infraestrutura e Logistica SA 124,736 427,607 EDP - Energias do Brasil SA 153,812 708,797 Embraer SA Sponsored ADR 71,253 1,444,298 Engie Brasil Energia SA 56,349 632,455 Equatorial Energia SA 100,663 1,830,324 Estacio Participacoes SA 204,879 1,340,302 * Eternit SA 66,332 27,440 * Even Construtora e Incorporadora SA 145,100 213,112 Ez Tec Empreendimentos e Participacoes SA 39,781 249,783 Fibria Celulose SA 88,437 938,155 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- BRAZIL -- (Continued) Fibria Celulose SA Sponsored ADR 39,736 $ 420,010 Fleury SA 48,860 470,526 GAEC Educacao SA 15,000 81,726 * Gafisa SA 9,783 37,175 # Gafisa SA ADR 3,249 24,595 Gerdau SA 56,767 193,510 Gerdau SA Sponsored ADR 339,773 1,145,035 #* Gol Linhas Aereas Inteligentes SA ADR 6,963 98,735 Grendene SA 30,700 260,300 Guararapes Confeccoes SA 5,006 168,384 * Helbor Empreendimentos SA 98,717 70,911 Hypermarcas SA 64,061 575,005 Iguatemi Empresa de Shopping Centers SA 18,604 218,951 * International Meal Co. Alimentacao SA 104,400 251,094 Iochpe Maxion SA 61,100 330,742 Itau Unibanco Holding SA 96,893 1,027,858 JBS SA 329,035 812,471 * JHSF Participacoes SA 99,000 58,098 * JSL SA 45,100 112,087 * Kepler Weber SA 9,972 75,757 Klabin SA 186,153 955,136 Kroton Educacional SA 440,174 2,128,633 * Light SA 47,598 344,200 Linx SA 32,400 179,541 Localiza Rent a Car SA 66,098 1,100,097 Lojas Americanas SA 74,288 307,553 Lojas Renner SA 293,596 2,758,626 * LPS Brasil Consultoria de Imoveis SA 10,900 15,310 M Dias Branco SA 32,400 527,402 Magnesita Refratarios SA 24,615 275,491 Mahle-Metal Leve SA 21,737 118,571 Marcopolo SA 48,300 39,497 * Marfrig Global Foods SA 123,911 255,106 * Marisa Lojas SA 20,771 39,299 * Mills Estruturas e Servicos de Engenharia SA 69,900 89,214 Minerva SA 39,917 158,728 MRV Engenharia e Participacoes SA 170,559 783,783 Multiplan Empreendimentos Imobiliarios SA 20,446 471,294 Multiplus SA 28,500 363,659 Natura Cosmeticos SA 90,600 727,798 Odontoprev SA 160,832 671,004 * Paranapanema SA 82,714 42,970 * Petro Rio SA 2,600 31,200 * Petroleo Brasileiro SA 276,011 1,221,464 * Petroleo Brasileiro SA Sponsored ADR 205,156 1,807,424 Porto Seguro SA 66,608 672,840 Portobello SA 54,700 66,482 * Profarma Distribuidora de Produtos Farmaceuticos SA 7,400 18,723 * Prumo Logistica SA 44,200 155,916 QGEP Participacoes SA 55,700 130,035 Qualicorp SA 157,933 1,661,200 Raia Drogasil SA 76,914 1,701,883 * Restoque Comercio e Confeccoes de Roupas SA 6,886 81,701 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- BRAZIL -- (Continued) * Rodobens Negocios Imobiliarios SA 8,300 $ 14,613 * Rumo SA 217,708 721,887 * Santos Brasil Participacoes SA 128,300 87,224 Sao Carlos Empreendimentos e Participacoes SA 8,400 92,287 Sao Martinho SA 94,019 529,438 Ser Educacional SA 35,300 289,681 SLC Agricola SA 34,300 239,347 Smiles SA 34,000 709,689 Sonae Sierra Brasil SA 13,700 87,603 * Springs Global Participacoes SA 6,500 21,345 Sul America SA 147,890 832,322 Technos SA 27,855 37,160 * Tecnisa SA 87,908 65,966 Tegma Gestao Logistica SA 8,100 38,080 Telefonica Brasil SA ADR 9,305 138,458 Tim Participacoes SA 191,932 654,884 Tim Participacoes SA ADR 24,081 406,246 TOTVS SA 43,848 421,842 * TPI - Triunfo Participacoes e Investimentos SA 12,300 15,935 Transmissora Alianca de Energia Eletrica SA 141,568 1,054,150 Tupy SA 32,400 153,774 Ultrapar Participacoes SA 111,484 2,645,571 # Ultrapar Participacoes SA Sponsored ADR 18,730 443,339 * Usinas Siderurgicas de Minas Gerais SA 25,700 85,630 Vale SA 263,650 2,646,350 # Vale SA Sponsored ADR 104,614 1,049,278 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 23,392 126,549 Via Varejo SA 104,423 481,872 WEG SA 72,564 440,734 Wiz Solucoes e Corretagem de Seguros SA 35,800 227,313 ----------- TOTAL BRAZIL 73,107,611 ----------- CHILE -- (1.5%) AES Gener SA 1,012,657 376,285 Aguas Andinas SA Class A 1,254,041 791,247 Banco de Chile 1,936,196 280,094 # Banco de Chile ADR 5,409 462,366 Banco de Credito e Inversiones 7,824 472,180 Banco Santander Chile ADR 28,607 808,720 Besalco SA 117,040 118,879 CAP SA 62,823 662,272 Cencosud SA 292,475 832,518 * Cia Sud Americana de Vapores SA 6,742,816 312,864 Colbun SA 2,752,270 643,816 Embotelladora Andina SA Class B ADR 12,656 346,015 Empresa Nacional de Telecomunicaciones SA 90,301 1,028,235 * Empresas AquaChile SA 118,998 59,518 Empresas CMPC SA 271,534 693,680 Empresas COPEC SA 62,223 758,983 Empresas Hites SA 72,367 83,527 * Empresas La Polar SA 1,272,578 143,691 Enel Americas SA 405,985 81,985 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHILE -- (Continued) Enel Americas SA ADR 213,936 $ 2,139,364 Enel Chile SA 163,397 893,782 Enel Generacion Chile SA 278,202 216,640 # Enel Generacion Chile SA ADR 24,452 570,221 Engie Energia Chile SA 267,675 582,896 Forus SA 40,582 146,136 Grupo Security SA 224,978 85,173 Inversiones Aguas Metropolitanas SA 320,527 559,870 Inversiones La Construccion SA 19,567 261,978 Itau CorpBanca(BYT25P4) 60,352,225 572,138 # Itau CorpBanca(45033E105) 4,431 64,249 Latam Airlines Group SA 17,159 201,591 Latam Airlines Group SA Sponsored ADR 115,551 1,355,413 * Masisa SA 1,158,148 86,444 Molibdenos y Metales SA 3,068 32,319 Multiexport Foods SA 298,922 97,296 Parque Arauco SA 327,263 860,275 PAZ Corp. SA 93,709 111,622 Ripley Corp. SA 551,409 470,971 SACI Falabella 119,161 1,100,890 Salfacorp SA 181,160 238,930 Sigdo Koppers SA 135,554 206,522 Sociedad Matriz SAAM SA 2,154,208 230,243 Sociedad Quimica y Minera de Chile SA Sponsored ADR 28,316 1,164,071 Socovesa SA 139,493 73,204 SONDA SA 172,740 328,259 ----------- TOTAL CHILE 21,607,372 ----------- CHINA -- (16.7%) * 21Vianet Group, Inc. ADR 24,405 108,846 361 Degrees International, Ltd. 336,000 118,209 #* 3SBio, Inc. 115,500 144,801 #* 51job, Inc. ADR 2,153 106,057 #* 58.com, Inc. ADR 13,552 691,830 * A8 New Media Group, Ltd. 334,000 19,016 AAC Technologies Holdings, Inc. 127,000 1,706,075 # Agile Group Holdings, Ltd. 702,749 835,474 Agricultural Bank of China, Ltd. Class H 3,888,000 1,813,527 Air China, Ltd. Class H 536,000 483,401 Ajisen China Holdings, Ltd. 255,000 110,218 * Alibaba Group Holding, Ltd. Sponsored ADR 66,000 10,226,700 #* Alibaba Pictures Group, Ltd. 1,530,000 258,448 * Aluminum Corp. of China, Ltd. ADR 8,700 137,460 #* Aluminum Corp. of China, Ltd. Class H 534,000 334,562 AMVIG Holdings, Ltd. 138,000 40,124 # Angang Steel Co., Ltd. Class H 316,000 256,103 Anhui Conch Cement Co., Ltd. Class H 291,500 1,076,889 Anhui Expressway Co., Ltd. Class H 172,000 129,791 Anta Sports Products, Ltd. 307,000 1,052,492 * Anxin-China Holdings, Ltd. 784,000 7,247 Asia Cement China Holdings Corp. 158,000 53,360 * AVIC International Holding HK, Ltd. 950,000 46,847 AVIC International Holdings, Ltd. Class H 100,000 51,308 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) # BAIC Motor Corp., Ltd. Class H 381,500 $ 342,968 * Baidu, Inc. Sponsored ADR 14,137 3,199,910 BAIOO Family Interactive, Ltd. 216,000 17,147 Bank of China, Ltd. Class H 9,653,356 4,747,641 Bank of Chongqing Co., Ltd. Class H 182,500 158,132 Bank of Communications Co., Ltd. Class H 955,580 706,830 Baoxin Auto Group, Ltd. 34,500 17,580 * Baoye Group Co., Ltd. Class H 100,000 77,527 BBMG Corp. Class H 409,282 206,037 Beijing Capital International Airport Co., Ltd. Class H 404,000 635,824 Beijing Capital Land, Ltd. Class H 448,000 236,117 * Beijing Enterprises Medical & Health Group, Ltd. 1,158,000 72,604 Beijing Enterprises Water Group, Ltd. 1,074,000 891,191 Beijing Jingneng Clean Energy Co., Ltd. Class H 482,000 139,321 # Beijing North Star Co., Ltd. Class H 224,000 90,834 * Beijing Properties Holdings, Ltd. 636,000 30,101 Beijing Urban Construction Design & Development Group Co., Ltd. Class H 56,000 36,889 # Best Pacific International Holdings, Ltd. 134,000 73,224 Billion Industrial Holdings, Ltd. 16,000 11,318 #* Bitauto Holdings, Ltd. ADR 11,240 355,184 Bloomage Biotechnology Corp., Ltd. 50,000 93,607 #* Boer Power Holdings, Ltd. 96,000 28,128 Bosideng International Holdings, Ltd. 1,098,000 96,919 #* Boyaa Interactive International, Ltd. 88,000 36,114 # Brilliance China Automotive Holdings, Ltd. 340,000 860,206 BYD Electronic International Co., Ltd. 248,000 625,590 * C C Land Holdings, Ltd. 879,187 200,173 #* C.banner International Holdings, Ltd. 128,000 51,269 Cabbeen Fashion, Ltd. 64,000 17,601 # Canvest Environmental Protection Group Co., Ltd. 122,000 66,670 #* Capital Environment Holdings, Ltd. 1,064,000 40,825 #* CAR, Inc. 247,000 215,002 Carrianna Group Holdings Co., Ltd. 102,000 12,010 CECEP COSTIN New Materials Group, Ltd. 186,000 2,679 * Central China Real Estate, Ltd. 273,194 82,161 # Central China Securities Co., Ltd. Class H 41,000 18,652 * Century Sunshine Group Holdings, Ltd. 680,000 23,531 #* CGN Meiya Power Holdings Co., Ltd. 440,000 63,611 # CGN Power Co., Ltd. Class H 1,231,000 336,895 Changshouhua Food Co., Ltd. 110,000 54,866 * Changyou.com, Ltd. ADR 2,707 114,587 Chaowei Power Holdings, Ltd. 282,000 159,792 * Cheetah Mobile, Inc. ADR 4,678 51,645 * Chigo Holding, Ltd. 1,680,000 21,073 # China Aerospace International Holdings, Ltd. 998,000 127,648 China Agri-Industries Holdings, Ltd. 924,800 413,978 # China Aircraft Leasing Group Holdings, Ltd. 64,000 74,771 # China All Access Holdings, Ltd. 266,000 78,300 # China Animation Characters Co., Ltd. 144,000 57,330 # China Aoyuan Property Group, Ltd. 495,000 211,978 China BlueChemical, Ltd. Class H 753,143 212,207 * China Chengtong Development Group, Ltd. 1,142,000 67,131 China Cinda Asset Management Co., Ltd. Class H 1,739,000 722,566 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) China CITIC Bank Corp., Ltd. Class H 882,000 $ 571,702 # China Coal Energy Co., Ltd. Class H 559,000 275,933 China Communications Services Corp., Ltd. Class H 636,800 345,890 China Construction Bank Corp. Class H 16,184,990 13,438,631 China Datang Corp. Renewable Power Co., Ltd. Class H 690,000 82,071 # China Dongxiang Group Co., Ltd. 1,138,000 211,106 * China Dynamics Holdings, Ltd. 980,000 19,430 China Eastern Airlines Corp., Ltd. Class H 392,000 216,014 # China Electronics Corp. Holdings Co., Ltd. 162,000 23,392 China Electronics Optics Valley Union Holding Co., Ltd. 252,000 22,565 China Energy Engineering Corp., Ltd. Class H 188,000 34,403 China Everbright Bank Co., Ltd. Class H 642,000 311,281 China Everbright International, Ltd. 543,000 708,079 China Everbright, Ltd. 332,000 756,088 #* China Evergrande Group 1,442,000 4,010,471 * China Fiber Optic Network System Group, Ltd. 396,000 13,309 China Financial Services Holdings, Ltd. 182,000 16,070 * China Fire Safety Enterprise Group, Ltd. 380,000 21,143 # China Foods, Ltd. 394,000 181,382 China Galaxy Securities Co., Ltd. Class H 494,000 435,056 China Gas Holdings, Ltd. 434,000 1,049,786 * China Glass Holdings, Ltd. 200,000 18,420 China Greenfresh Group Co., Ltd. 158,000 29,725 # China Greenland Broad Greenstate Group Co., Ltd. 184,000 46,217 China Hanking Holdings, Ltd. 191,000 26,645 #* China Harmony New Energy Auto Holding, Ltd. 252,500 121,647 * China High Precision Automation Group, Ltd. 73,000 2,138 # China High Speed Transmission Equipment Group Co., Ltd. 89,000 96,095 # China Hongqiao Group, Ltd. 488,000 330,350 # China Huarong Asset Management Co., Ltd. Class H 451,000 184,123 China Huishan Dairy Holdings Co., Ltd. 231,000 231 * China Huiyuan Juice Group, Ltd. 296,000 92,023 China International Capital Corp., Ltd. Class H 126,800 201,754 China International Marine Containers Group Co., Ltd. Class H 97,000 202,740 * China ITS Holdings Co., Ltd. 164,000 12,594 China Jinmao Holdings Group, Ltd. 1,591,120 738,565 China Lesso Group Holdings, Ltd. 406,000 286,144 # China Life Insurance Co., Ltd. ADR 57,804 917,928 China Life Insurance Co., Ltd. Class H 124,000 391,896 China Lilang, Ltd. 171,000 114,666 * China Longevity Group Co., Ltd. 30,000 987 China Longyuan Power Group Corp., Ltd. Class H 694,000 507,547 # China Maple Leaf Educational Systems, Ltd. 128,000 102,516 # China Medical System Holdings, Ltd. 348,000 593,669 China Meidong Auto Holdings, Ltd. 100,000 34,316 China Mengniu Dairy Co., Ltd. 410,000 797,944 China Merchants Bank Co., Ltd. Class H 757,598 2,487,602 China Merchants Land, Ltd. 584,000 124,621 China Merchants Port Holdings Co., Ltd. 308,590 968,771 China Merchants Securities Co., Ltd. Class H 22,600 35,685 China Minsheng Banking Corp., Ltd. Class H 788,100 792,047 China Mobile, Ltd. 460,500 4,922,352 China Mobile, Ltd. Sponsored ADR 155,765 8,322,524 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) # China Molybdenum Co., Ltd. Class H 279,000 $ 151,615 China National Materials Co., Ltd. Class H 500,000 202,675 * China New Town Development Co., Ltd. 416,254 18,117 # China NT Pharma Group Co., Ltd. 198,000 43,043 * China Nuclear Industry 23 International Corp., Ltd. 114,000 21,461 #* China Ocean Resources Co., Ltd. 49,842 33,405 * China Oceanwide Holdings, Ltd. 120,000 10,592 China Oil & Gas Group, Ltd. 1,990,000 137,469 # China Oilfield Services, Ltd. Class H 392,000 333,983 China Overseas Grand Oceans Group, Ltd. 406,500 238,251 China Overseas Land & Investment, Ltd. 966,000 3,272,603 # China Overseas Property Holdings, Ltd. 602,000 109,334 China Pacific Insurance Group Co., Ltd. Class H 162,400 715,567 China Pioneer Pharma Holdings, Ltd. 119,000 38,557 China Power Clean Energy Development Co., Ltd. 150,000 93,224 China Power International Development, Ltd. 1,063,000 364,373 * China Properties Group, Ltd. 128,000 32,239 China Railway Construction Corp., Ltd. Class H 482,500 636,806 China Railway Group, Ltd. Class H 374,000 297,196 China Railway Signal & Communication Corp., Ltd. Class H 277,000 216,454 * China Rare Earth Holdings, Ltd. 771,200 59,091 China Reinsurance Group Corp. Class H 733,000 171,588 China Resources Cement Holdings, Ltd. 708,000 421,164 China Resources Gas Group, Ltd. 242,000 916,491 China Resources Land, Ltd. 756,222 2,426,646 China Resources Power Holdings Co., Ltd. 425,903 810,974 #* China Ruifeng Renewable Energy Holdings, Ltd. 288,000 25,412 * China Rundong Auto Group, Ltd. 23,000 12,410 China Sanjiang Fine Chemicals Co., Ltd. 181,000 57,141 China SCE Property Holdings, Ltd. 527,600 257,973 * China Shanshui Cement Group, Ltd. 7 4 #* China Shengmu Organic Milk, Ltd. 243,000 44,778 China Shenhua Energy Co., Ltd. Class H 668,884 1,663,796 China Shineway Pharmaceutical Group, Ltd. 124,000 124,035 # China Silver Group, Ltd. 180,000 33,174 # China Singyes Solar Technologies Holdings, Ltd. 209,999 79,749 # China South City Holdings, Ltd. 1,134,000 246,588 China Southern Airlines Co., Ltd. Class H 314,000 239,005 China Southern Airlines Co., Ltd. Sponsored ADR 6,230 237,550 China State Construction International Holdings, Ltd. 511,919 825,930 China Suntien Green Energy Corp., Ltd. Class H 647,000 136,608 * China Taifeng Beddings Holdings, Ltd. 134,000 3,474 China Taiping Insurance Holdings Co., Ltd. 357,612 1,073,829 # China Telecom Corp., Ltd. ADR 16,175 772,680 China Telecom Corp., Ltd. Class H 16,000 7,605 China Tian Lun Gas Holdings, Ltd. 79,500 48,558 China Traditional Chinese Medicine Holdings Co., Ltd. 450,000 238,804 # China Travel International Investment Hong Kong, Ltd. 924,000 274,391 * China Unicom Hong Kong, Ltd. 1,380,000 2,000,063 * China Unicom Hong Kong, Ltd. ADR 98,464 1,435,605 China Vanke Co., Ltd. Class H 272,500 802,902 # China Vast Industrial Urban Development Co., Ltd. 61,000 24,266 China Water Affairs Group, Ltd. 296,000 161,389 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) #* China Water Industry Group, Ltd. 324,000 $ 70,479 China Wood Optimization Holding, Ltd. 44,000 12,169 China XLX Fertiliser, Ltd. 69,000 18,223 * China Yurun Food Group, Ltd. 581,000 75,096 China ZhengTong Auto Services Holdings, Ltd. 347,500 342,805 # China Zhongwang Holdings, Ltd. 659,118 327,984 Chinasoft International, Ltd. 312,000 170,970 Chongqing Machinery & Electric Co., Ltd. Class H 476,000 61,471 Chongqing Rural Commercial Bank Co., Ltd. Class H 862,000 635,129 * Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd. 92,000 12,004 Chu Kong Shipping Enterprise Group Co., Ltd. 132,000 32,581 CIFI Holdings Group Co., Ltd. 1,118,000 636,170 #* CIMC Enric Holdings, Ltd. 174,000 124,531 * CITIC Dameng Holdings, Ltd. 235,000 13,975 # CITIC Resources Holdings, Ltd. 840,000 94,534 CITIC Securities Co., Ltd. Class H 272,500 552,480 CITIC, Ltd. 679,433 1,032,317 # Citychamp Watch & Jewellery Group, Ltd. 286,000 61,819 Clear Media, Ltd. 24,000 28,279 # CNOOC, Ltd. Sponsored ADR 20,782 2,336,936 #* Cogobuy Group 152,000 90,510 # Colour Life Services Group Co., Ltd. 109,000 77,037 Comba Telecom Systems Holdings, Ltd. 626,533 85,854 * Comtec Solar Systems Group, Ltd. 278,000 10,148 Concord New Energy Group, Ltd. 1,414,648 60,583 Consun Pharmaceutical Group, Ltd. 122,000 98,855 #* Coolpad Group, Ltd. 1,352,000 94,640 COSCO SHIPPING Energy Transportation Co., Ltd. Class H 459,654 258,553 COSCO SHIPPING Ports, Ltd. 512,126 626,424 * Coslight Technology International Group Co., Ltd. 78,000 35,038 # Cosmo Lady China Holdings Co., Ltd. 176,000 65,725 Country Garden Holdings Co., Ltd. 1,606,000 2,242,215 CP Pokphand Co., Ltd. 1,626,000 151,884 CPMC Holdings, Ltd. 150,000 74,248 # CRCC High-Tech Equipment Corp., Ltd. Class H 100,500 36,368 CSPC Pharmaceutical Group, Ltd. 1,118,000 1,742,208 # CT Environmental Group, Ltd. 882,000 157,924 * Ctrip.com International, Ltd. ADR 28,355 1,693,644 * DaChan Food Asia, Ltd. 57,000 4,963 Dah Chong Hong Holdings, Ltd. 370,000 190,319 Dalian Port PDA Co., Ltd. Class H 266,799 48,807 * Daphne International Holdings, Ltd. 418,000 37,453 * Datang International Power Generation Co., Ltd. Class H 644,000 219,115 Dawnrays Pharmaceutical Holdings, Ltd. 124,000 74,597 * DBA Telecommunication Asia Holdings, Ltd. 112,000 941 * Differ Group Holding Co., Ltd. 206,000 15,288 #* Digital China Holdings, Ltd. 305,000 200,187 #* Dongfang Electric Corp., Ltd. Class H 109,600 116,441 Dongjiang Environmental Co., Ltd. Class H 34,800 49,968 Dongyue Group, Ltd. 485,000 226,020 # Dynagreen Environmental Protection Group Co., Ltd. Class H 88,000 43,451 * eHi Car Services, Ltd. Sponsored ADR 1,400 13,272 Embry Holdings, Ltd. 14,000 4,482 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) ENN Energy Holdings, Ltd. 176,000 $1,194,836 Essex Bio-technology, Ltd. 53,000 28,827 EVA Precision Industrial Holdings, Ltd. 342,000 48,561 Everbright Securities Co., Ltd. Class H 19,400 26,305 Fantasia Holdings Group Co., Ltd. 787,500 114,815 # Far East Horizon, Ltd. 375,000 319,488 First Tractor Co., Ltd. Class H 98,000 46,616 * Forgame Holdings, Ltd. 4,800 8,846 # Fosun International, Ltd. 339,955 514,753 # Fu Shou Yuan International Group, Ltd. 296,000 182,157 Fufeng Group, Ltd. 444,400 271,557 #* Fuguiniao Co., Ltd. Class H 51,000 4,750 # Fullshare Holdings, Ltd. 879,983 351,462 # Future Land Development Holdings, Ltd. 666,000 276,967 Fuyao Glass Industry Group Co., Ltd. Class H 71,200 242,357 #* GCL-Poly Energy Holdings, Ltd. 5,026,000 533,488 Geely Automobile Holdings, Ltd. 1,065,000 2,459,222 Gemdale Properties & Investment Corp., Ltd. 190,000 19,188 GF Securities Co., Ltd. Class H 130,600 263,095 * Glorious Property Holdings, Ltd. 1,043,000 117,436 Golden Eagle Retail Group, Ltd. 169,000 218,629 Goldlion Holdings, Ltd. 92,152 40,215 # Goldpac Group, Ltd. 85,000 28,055 # GOME Electrical Appliances Holding, Ltd. 4,168,940 501,343 * Good Friend International Holdings, Inc. 22,000 5,405 #* Grand Baoxin Auto Group, Ltd. 52,823 26,865 # Greatview Aseptic Packaging Co., Ltd. 357,000 205,576 Greenland Hong Kong Holdings, Ltd. 384,000 142,313 # Greentown China Holdings, Ltd. 294,500 378,144 Guangdong Investment, Ltd. 560,000 788,054 * Guangdong Land Holdings, Ltd. 142,000 31,260 Guangdong Yueyun Transportation Co., Ltd. Class H 50,000 32,637 Guangshen Railway Co., Ltd. Class H 84,000 43,218 Guangshen Railway Co., Ltd. Sponsored ADR 6,762 174,189 Guangzhou Automobile Group Co., Ltd. Class H 139,740 300,288 Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H 20,000 52,707 Guangzhou R&F Properties Co., Ltd. Class H 392,400 700,595 * Guodian Technology & Environment Group Corp., Ltd. Class H 235,000 16,546 Guolian Securities Co., Ltd. Class H 36,500 18,433 # Guorui Properties, Ltd. 51,000 15,467 * Haichang Ocean Park Holdings, Ltd. 266,000 57,542 Haier Electronics Group Co., Ltd. 311,000 800,818 Haitian International Holdings, Ltd. 164,000 469,818 Haitong Securities Co., Ltd. Class H 290,400 462,500 * Hanergy Thin Film Power Group, Ltd. 1,016,000 5,096 * Harbin Bank Co., Ltd. Class H 120,000 38,211 #* Health and Happiness H&H International Holdings, Ltd. 71,000 229,255 Hengan International Group Co., Ltd. 221,500 1,688,967 * Hengdeli Holdings, Ltd. 967,200 97,733 * Hengshi Mining Investments, Ltd. 78,000 21,556 * Hi Sun Technology China, Ltd. 333,000 61,265 # Hilong Holding, Ltd. 497,000 85,041 HKC Holdings, Ltd. 42,723 33,305 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- CHINA -- (Continued) #* HNA Holding Group Co., Ltd. 960,000 $ 34,400 HNA Infrastructure Co., Ltd. Class H 65,000 52,610 * Honghua Group, Ltd. 1,068,000 95,657 # Honworld Group, Ltd. 25,500 12,955 Hopefluent Group Holdings, Ltd. 42,000 17,139 # Hopewell Highway Infrastructure, Ltd. 267,972 164,605 Hopson Development Holdings, Ltd. 293,000 281,147 # HOSA International, Ltd. 186,000 57,601 * Hua Han Health Industry Holdings, Ltd. 1,184,000 15,068 Hua Hong Semiconductor, Ltd. 87,000 117,886 # Huadian Fuxin Energy Corp., Ltd. Class H 782,000 173,013 Huadian Power International Corp., Ltd. Class H 382,000 161,234 Huaneng Power International, Inc. Class H 352,000 248,123 Huaneng Power International, Inc. Sponsored ADR 6,108 173,773 Huaneng Renewables Corp., Ltd. Class H 1,584,000 482,186 Huatai Securities Co., Ltd. Class H 129,800 260,436 Huishang Bank Corp., Ltd. Class H 228,000 110,936 #* Hydoo International Holding, Ltd. 136,000 15,666 #* IMAX China Holding, Inc. 30,600 80,818 Industrial & Commercial Bank of China, Ltd. Class H 10,534,017 7,360,718 Inspur International, Ltd. 45,000 10,082 * JD.com, Inc. ADR 30,300 1,368,651 # Jiangnan Group, Ltd. 488,000 36,834 Jiangsu Expressway Co., Ltd. Class H 270,000 391,736 Jiangxi Copper Co., Ltd. Class H 307,000 559,619 #* JinkoSolar Holding Co., Ltd. ADR 6,690 184,778 Joy City Property, Ltd. 398,000 58,527 Ju Teng International Holdings, Ltd. 316,000 127,331 K Wah International Holdings, Ltd. 140,892 84,672 * Kai Yuan Holdings, Ltd. 1,320,000 10,635 #* Kaisa Group Holdings, Ltd. 709,000 271,064 Kangda International Environmental Co., Ltd. 250,000 49,244 * Kasen International Holdings, Ltd. 254,000 41,929 Kingboard Chemical Holdings, Ltd. 281,400 1,266,899 Kingboard Laminates Holdings, Ltd. 341,473 475,888 #* Kingdee International Software Group Co., Ltd. 390,000 162,012 #* Koradior Holdings, Ltd. 52,000 45,873 # Kunlun Energy Co., Ltd. 1,200,000 1,196,253 KWG Property Holding, Ltd. 510,330 378,702 * Labixiaoxin Snacks Group, Ltd. 73,000 6,640 Lai Fung Holdings, Ltd. 1,735,000 53,256 Le Saunda Holdings, Ltd. 92,400 17,632 Lee & Man Chemical Co., Ltd. 28,000 15,904 Lee & Man Paper Manufacturing, Ltd. 566,000 602,762 # Lee's Pharmaceutical Holdings, Ltd. 83,500 66,095 Legend Holdings Corp. Class H 68,600 179,402 Lenovo Group, Ltd. 2,398,000 1,483,275 Leoch International Technology, Ltd. 148,000 32,385 #* Leyou Technologies Holdings, Ltd. 450,000 109,972 * Li Ning Co., Ltd. 208,500 164,235 #* Lianhua Supermarket Holdings Co., Ltd. Class H 163,200 66,311 #* Lifestyle China Group, Ltd. 90,000 36,826 #* Lifetech Scientific Corp. 762,000 167,679 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Livzon Pharmaceutical Group, Inc. Class H 16,640 $ 91,534 Logan Property Holdings Co., Ltd. 312,000 270,402 Longfor Properties Co., Ltd. 395,500 992,546 * LongiTech Smart Energy Holding, Ltd. 61,000 22,007 Lonking Holdings, Ltd. 817,000 266,341 # Luye Pharma Group, Ltd. 299,000 169,484 # LVGEM China Real Estate Investment Co., Ltd. 92,000 25,201 #* Maanshan Iron & Steel Co., Ltd. Class H 464,000 224,713 Maoye International Holdings, Ltd. 583,000 58,915 * MIE Holdings Corp. 368,000 34,827 MIN XIN Holdings, Ltd. 66,000 49,778 * Mingfa Group International Co., Ltd. 374,000 14,365 Minmetals Land, Ltd. 347,644 44,916 Minth Group, Ltd. 230,000 1,059,039 #* MMG, Ltd. 1,110,000 493,778 MOBI Development Co., Ltd. 100,000 14,681 #* Munsun Capital Group, Ltd. 2,650,000 30,531 # Nan Hai Corp., Ltd. 2,400,000 81,392 * Nature Home Holding Co., Ltd. 19,000 2,578 NetEase, Inc. ADR 12,473 3,882,595 New China Life Insurance Co., Ltd. Class H 73,200 471,764 * New Oriental Education & Technology Group, Inc. Sponsored ADR 10,059 801,300 * New World Department Store China, Ltd. 209,000 53,177 Nexteer Automotive Group, Ltd. 320,000 551,317 Nine Dragons Paper Holdings, Ltd. 466,000 693,326 * Noah Holdings, Ltd. ADR 6,520 208,510 * North Mining Shares Co., Ltd. 2,880,000 51,586 #* NQ Mobile, Inc. Class A ADR 15,317 52,384 NVC Lighting Holdings, Ltd. 403,000 44,835 #* O-Net Technologies Group, Ltd. 65,000 41,943 #* Ourgame International Holdings, Ltd. 93,000 23,904 Overseas Chinese Town Asia Holdings, Ltd. 154,000 74,678 #* Ozner Water International Holding, Ltd. 147,000 37,020 # Pacific Online, Ltd. 219,000 40,915 Parkson Retail Group, Ltd. 656,500 105,748 # PAX Global Technology, Ltd. 299,000 198,274 People's Insurance Co. Group of China, Ltd. (The) Class H 1,243,000 578,448 Phoenix Satellite Television Holdings, Ltd. 230,000 34,131 PICC Property & Casualty Co., Ltd. Class H 1,188,388 2,210,826 Ping An Insurance Group Co. of China, Ltd. Class H 1,144,000 8,468,017 Poly Culture Group Corp., Ltd. Class H 19,200 43,007 #* Poly Property Group Co., Ltd. 889,111 466,241 # Pou Sheng International Holdings, Ltd. 403,687 80,019 Powerlong Real Estate Holdings, Ltd. 493,000 230,232 * Prosperity International Holdings HK, Ltd. 700,000 10,103 #* PW Medtech Group, Ltd. 223,000 50,822 # Q Technology Group Co., Ltd. 103,000 110,924 Qingdao Port International Co., Ltd. Class H 147,000 83,179 Qingling Motors Co., Ltd. Class H 234,000 78,754 * Qinhuangdao Port Co., Ltd. Class H 209,500 66,433 * Qinqin Foodstuffs Group Cayman Co., Ltd. 24,300 7,119 * Qunxing Paper Holdings Co., Ltd. 124,416 6,021 * Real Nutriceutical Group, Ltd. 445,000 21,634 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Red Star Macalline Group Corp., Ltd. Class H 62,200 $ 64,566 #* Redco Properties Group, Ltd. 422,000 161,524 #* Renhe Commercial Holdings Co., Ltd. 6,579,854 145,653 Road King Infrastructure, Ltd. 98,000 128,911 #* Ronshine China Holdings, Ltd. 36,000 39,473 #* Sany Heavy Equipment International Holdings Co., Ltd. 344,000 65,564 * Scud Group, Ltd. 206,000 5,143 # Seaspan Corp. 18,764 125,719 #* Semiconductor Manufacturing International Corp. 810,400 888,350 * Semiconductor Manufacturing International Corp. ADR 35,721 197,537 Shandong Chenming Paper Holdings, Ltd. Class H 105,500 161,634 Shandong Weigao Group Medical Polymer Co., Ltd. Class H 348,000 280,438 Shandong Xinhua Pharmaceutical Co., Ltd. Class H 52,000 47,073 # Shanghai Dasheng Agricultural Finance Technology Co., Ltd. Class H 616,000 55,941 * Shanghai Fudan Microelectronics Group Co., Ltd. Class H 30,000 20,181 # Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. Class H 83,000 45,945 Shanghai Industrial Urban Development Group, Ltd. 736,000 178,859 # Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H 522,000 149,552 Shanghai La Chapelle Fashion Co., Ltd. Class H 9,600 12,166 Shanghai Prime Machinery Co., Ltd. Class H 278,000 59,369 * Shanghai Zendai Property, Ltd. 1,390,000 22,068 Shengjing Bank Co., Ltd. Class H 82,500 73,439 * Shengli Oil & Gas Pipe Holdings, Ltd. 144,000 6,265 Shenguan Holdings Group, Ltd. 550,000 32,696 Shenzhen Expressway Co., Ltd. Class H 214,000 191,091 Shenzhen International Holdings, Ltd. 292,125 500,052 Shenzhen Investment, Ltd. 1,207,078 554,090 # Shenzhou International Group Holdings, Ltd. 137,000 915,180 Shimao Property Holdings, Ltd. 539,856 1,075,414 * Shougang Concord International Enterprises Co., Ltd. 1,338,000 47,046 Shougang Fushan Resources Group, Ltd. 1,016,000 235,250 Shui On Land, Ltd. 1,537,521 383,614 #* Shunfeng International Clean Energy, Ltd. 438,000 23,791 Sichuan Expressway Co., Ltd. Class H 284,000 117,345 Sihuan Pharmaceutical Holdings Group, Ltd. 1,240,000 521,789 * Silver Grant International Industries, Ltd. 220,000 34,877 Sino Biopharmaceutical, Ltd. 1,274,000 1,124,727 * Sino Oil And Gas Holdings, Ltd. 4,435,000 98,195 Sino-Ocean Group Holdings, Ltd. 877,003 490,063 #* Sinofert Holdings, Ltd. 996,000 137,506 * Sinolink Worldwide Holdings, Ltd. 322,000 44,480 * SinoMedia Holding, Ltd. 118,644 27,319 Sinopec Kantons Holdings, Ltd. 234,000 141,301 Sinopec Shanghai Petrochemical Co., Ltd. Class H 1,012,000 575,085 Sinopharm Group Co., Ltd. Class H 231,600 969,357 # Sinosoft Technology Group, Ltd. 238,800 71,674 Sinotrans Shipping, Ltd. 573,173 143,681 Sinotrans, Ltd. Class H 604,000 306,718 Sinotruk Hong Kong, Ltd. 263,500 276,294 * Skyfame Realty Holdings, Ltd. 104,000 15,983 Skyworth Digital Holdings, Ltd. 721,193 386,397 # SMI Holdings Group, Ltd. 351,200 184,433 SOHO China, Ltd. 908,912 495,144 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CHINA -- (Continued) #* Sohu.com, Inc. 7,562 $ 429,748 * Sound Global, Ltd. 1 -- * Sparkle Roll Group, Ltd. 456,000 33,839 Springland International Holdings, Ltd. 239,000 46,219 #* SPT Energy Group, Inc. 270,000 17,936 * SRE Group, Ltd. 2,226,857 51,831 SSY Group, Ltd. 799,719 352,967 Sun Art Retail Group, Ltd. 688,000 560,239 Sun King Power Electronics Group 96,000 22,084 # Sunac China Holdings, Ltd. 550,000 1,463,113 Sunny Optical Technology Group Co., Ltd. 163,000 1,937,083 Symphony Holdings, Ltd. 550,000 48,547 TAL Education Group ADR 5,160 808,933 Tarena International, Inc. ADR 9,242 178,371 #* Taung Gold International, Ltd. 3,250,000 28,680 TCC International Holdings, Ltd. 654,692 299,115 #* TCL Multimedia Technology Holdings, Ltd. 149,000 73,416 * Tech Pro Technology Development, Ltd. 1,644,000 17,254 #* Technovator International, Ltd. 168,000 51,966 Tencent Holdings, Ltd. 675,400 26,957,890 Tenfu Cayman Holdings Co., Ltd. 34,000 11,313 * Tesson Holdings, Ltd. 78,000 11,578 Texhong Textile Group, Ltd. 125,000 134,347 #* Tian An China Investment Co., Ltd. 122,000 82,744 Tian Shan Development Holdings, Ltd. 104,000 42,203 Tiande Chemical Holdings, Ltd. 52,000 14,768 Tiangong International Co., Ltd. 536,000 56,214 Tianjin Capital Environmental Protection Group Co., Ltd. Class H 40,000 25,667 Tianjin Development Holdings, Ltd. 80,000 46,237 Tianjin Port Development Holdings, Ltd. 744,000 123,721 Tianneng Power International, Ltd. 292,000 231,552 Tianyi Summi Holdings, Ltd. 108,000 15,345 Tingyi Cayman Islands Holding Corp. 604,000 769,070 Tomson Group, Ltd. 110,256 56,704 # Tong Ren Tang Technologies Co., Ltd. Class H 176,000 255,104 # Tongda Group Holdings, Ltd. 1,240,000 359,700 Tonly Electronics Holdings, Ltd. 22,200 23,171 Top Spring International Holdings, Ltd. 39,000 12,422 Towngas China Co., Ltd. 405,826 286,104 TPV Technology, Ltd. 401,412 92,849 Travelsky Technology, Ltd. Class H 146,500 387,913 Trigiant Group, Ltd. 190,000 27,206 # Truly International Holdings, Ltd. 641,140 214,800 # Uni-President China Holdings, Ltd. 466,966 362,638 #* United Energy Group, Ltd. 1,616,000 58,908 # Universal Medical Financial & Technical Advisory Services Co., Ltd. 39,500 31,426 Vinda International Holdings, Ltd. 45,000 84,860 * Vipshop Holdings, Ltd. ADR 90,055 1,107,677 # Want Want China Holdings, Ltd. 1,625,000 1,097,429 # Wasion Group Holdings, Ltd. 176,000 77,886 # Weichai Power Co., Ltd. Class H 605,120 582,402 * Weiqiao Textile Co. Class H 172,500 94,875 Welling Holding, Ltd. 450,800 97,920 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ CHINA -- (Continued) * West China Cement, Ltd. 864,000 $ 123,819 Xiabuxiabu Catering Management China Holdings Co., Ltd. 72,500 72,609 Xiamen International Port Co., Ltd. Class H 360,000 70,448 #* Xinchen China Power Holdings, Ltd. 128,000 19,634 Xingda International Holdings, Ltd. 383,393 165,878 * Xingfa Aluminium Holdings, Ltd. 48,000 35,271 Xinhua Winshare Publishing and Media Co., Ltd. Class H 75,000 62,366 # Xinjiang Goldwind Science & Technology Co., Ltd. Class H 145,340 165,229 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H 236,000 32,872 # Xinyi Solar Holdings, Ltd. 1,066,000 335,481 # XTEP International Holdings, Ltd. 227,500 84,696 * Yanchang Petroleum International, Ltd. 2,200,000 51,764 # Yangtze Optical Fibre and Cable Joint Stock, Ltd. Co. Class H 44,000 95,577 Yanzhou Coal Mining Co., Ltd. Class H 226,000 222,312 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR 9,082 88,731 #* Yashili International Holdings, Ltd. 245,000 44,185 YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H 19,200 47,145 Yida China Holdings, Ltd. 36,000 10,116 Yip's Chemical Holdings, Ltd. 88,000 36,596 #* Yirendai, Ltd. ADR 16,057 614,341 * Youyuan International Holdings, Ltd. 142,920 54,887 * Yuanda China Holdings, Ltd. 334,000 6,270 Yuexiu Property Co., Ltd. 3,067,292 576,619 # Yuexiu Transport Infrastructure, Ltd. 198,752 148,508 Yunnan Water Investment Co., Ltd. Class H 92,000 40,721 Yuzhou Properties Co., Ltd. 581,200 345,079 * YY, Inc. ADR 11,570 827,255 # Zhaojin Mining Industry Co., Ltd. Class H 247,500 203,465 Zhejiang Expressway Co., Ltd. Class H 370,000 461,588 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H 53,200 32,719 * Zhong An Real Estate, Ltd. 245,000 79,999 Zhongsheng Group Holdings, Ltd. 244,500 535,082 Zhuhai Holdings Investment Group, Ltd. 82,000 11,952 Zhuzhou CRRC Times Electric Co., Ltd. Class H 82,750 393,679 Zijin Mining Group Co., Ltd. Class H 1,206,000 437,327 Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H 422,800 215,189 * ZTE Corp. Class H 76,720 197,018 ------------ TOTAL CHINA 239,950,147 ------------ COLOMBIA -- (0.4%) Almacenes Exito SA 107,812 550,228 Banco de Bogota SA 9,610 219,160 Bancolombia SA 49,720 509,499 Bancolombia SA Sponsored ADR 17,367 759,633 Celsia SA ESP 129,994 206,344 Cementos Argos SA 94,704 377,403 * Cemex Latam Holdings SA 76,893 280,675 Constructora Conconcreto SA 2,809 964 Corp. Financiera Colombiana SA 23,065 223,376 Ecopetrol SA 1,443,837 674,502 # Ecopetrol SA Sponsored ADR 28,974 270,617 Empresa de Energia de Bogota SA ESP 339,656 225,214 * Empresa de Telecomunicaciones de Bogota 193,442 37,896 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- COLOMBIA -- (Continued) Grupo Argos SA 25,849 $ 185,938 Grupo Aval Acciones y Valores SA 12,451 110,191 Grupo de Inversiones Suramericana SA 33,797 475,581 Grupo Nutresa SA 36,828 329,291 Interconexion Electrica SA ESP 136,072 623,369 Mineros SA 5,269 4,676 ---------- TOTAL COLOMBIA 6,064,557 ---------- CZECH REPUBLIC -- (0.2%) CEZ A.S. 63,342 1,149,194 Komercni banka A.S. 11,092 477,869 O2 Czech Republic A.S. 22,482 287,553 Pegas Nonwovens SA 4,854 223,580 Unipetrol A.S. 17,641 235,624 ---------- TOTAL CZECH REPUBLIC 2,373,820 ---------- EGYPT -- (0.1%) # Commercial International Bank Egypt S.A.E. GDR 213,565 987,111 Egyptian Financial Group-Hermes Holding Co. GDR 1,061 2,708 ---------- TOTAL EGYPT 989,819 ---------- GREECE -- (0.3%) Aegean Airlines SA 14,009 137,056 * Alpha Bank AE 11,944 28,633 Athens Water Supply & Sewage Co. SA (The) 9,282 67,974 Bank of Greece 93 1,491 * Ellaktor SA 37,044 72,198 * FF Group 11,777 282,158 Fourlis Holdings SA 16,770 115,008 * GEK Terna Holding Real Estate Construction SA 19,516 87,330 Hellenic Exchanges--Athens Stock Exchange SA 17,189 108,231 Hellenic Petroleum SA 13,422 124,102 Hellenic Telecommunications Organization SA 61,926 789,674 * HOLDING Co. ADMIE IPTO SA 23,407 56,527 * Intracom Holdings SA 23,370 16,133 JUMBO SA 30,650 513,273 * Lamda Development SA 10,911 86,236 * Marfin Investment Group Holdings SA 371,966 59,187 Motor Oil Hellas Corinth Refineries SA 20,574 463,240 * Mytilineos Holdings SA 22,976 228,244 * National Bank of Greece SA 18,817 7,607 * Piraeus Bank SA 3,803 1,045 Piraeus Port Authority SA 988 18,485 * Public Power Corp. SA 23,407 61,907 Terna Energy SA 15,305 70,598 Titan Cement Co. SA 9,067 252,556 ---------- TOTAL GREECE 3,648,893 ---------- HONG KONG -- (0.0%) Goodbaby International Holdings, Ltd. 135,000 66,158 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- HONG KONG -- (Continued) Microport Scientific Corp. 36,000 $ 28,372 ---------- TOTAL HONG KONG 94,530 ---------- HUNGARY -- (0.4%) Magyar Telekom Telecommunications P.L.C. 246,191 444,857 MOL Hungarian Oil & Gas P.L.C. 23,705 2,054,422 OTP Bank P.L.C. 77,999 2,902,646 ---------- TOTAL HUNGARY 5,401,925 ---------- INDIA -- (11.5%) * 3M India, Ltd. 549 114,671 * 8K Miles Software Services, Ltd. 1,219 10,359 * Aarti Industries 15,698 236,796 * Aban Offshore, Ltd. 10,760 30,960 ABB India, Ltd. 6,497 144,068 Abbott India, Ltd. 207 14,441 ACC, Ltd. 15,857 428,822 Adani Enterprises, Ltd. 75,237 162,260 Adani Ports & Special Economic Zone, Ltd. 215,794 1,334,298 * Adani Power, Ltd. 523,616 272,879 * Adani Transmissions, Ltd. 100,132 194,604 * Aditya Birla Capital, Ltd. 79,868 192,800 * Aditya Birla Fashion and Retail, Ltd. 134,550 362,830 Aegis Logistics, Ltd. 65,034 191,598 Agro Tech Foods, Ltd. 1,273 10,197 * Ahluwalia Contracts India Ltd. 2,080 9,074 AIA Engineering, Ltd. 15,815 356,032 Ajanta Pharma, Ltd. 12,996 283,054 Akzo Nobel India, Ltd. 6,702 185,929 Alembic Pharmaceuticals, Ltd. 27,495 228,584 Alembic, Ltd. 31,584 20,199 Alkem Laboratories, Ltd. 1,366 38,774 * Allahabad Bank 86,468 101,473 * Allcargo Logistics, Ltd. 27,460 73,526 Amara Raja Batteries, Ltd. 18,632 242,576 Ambuja Cements, Ltd. 148,597 609,237 * Amtek Auto, Ltd. 52,973 23,453 Anant Raj, Ltd. 45,218 44,644 Andhra Bank 120,102 107,238 * Apar Industries, Ltd. 7,842 96,004 APL Apollo Tubes, Ltd. 713 17,652 Apollo Tyres, Ltd. 164,832 683,635 * Arvind SmartSpaces, Ltd. 1,100 2,454 Arvind, Ltd. 84,021 478,624 Asahi India Glass, Ltd. 9,483 43,177 * Ashiana Housing, Ltd. 4,261 12,165 Ashok Leyland, Ltd. 586,806 998,230 Ashoka Buildcon, Ltd. 18,406 53,292 Asian Paints, Ltd. 79,471 1,441,797 Astral Polytechnik, Ltd. 4,783 46,593 Atul, Ltd. 6,092 209,192 Axis Bank, Ltd. 358,285 2,906,756 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Bajaj Auto, Ltd. 30,874 $1,352,956 Bajaj Corp., Ltd. 29,693 185,013 Bajaj Electricals, Ltd. 9,242 46,955 Bajaj Finance, Ltd. 87,789 2,332,684 Bajaj Finserv, Ltd. 19,590 1,527,920 * Bajaj Hindusthan Sugar, Ltd. 170,130 42,026 Bajaj Holdings & Investment, Ltd. 15,624 589,221 Balkrishna Industries, Ltd. 22,976 585,408 * Ballarpur Industries, Ltd. 146,169 37,817 Balmer Lawrie & Co., Ltd. 28,524 111,584 Balrampur Chini Mills, Ltd. 71,718 183,642 Bank of Baroda 179,914 466,155 * Bank of India 125,648 325,053 * Bank Of Maharashtra 36,741 16,816 Bannari Amman Sugars, Ltd. 894 29,276 Bata India, Ltd. 18,862 173,074 BEML, Ltd. 6,432 173,364 Berger Paints India, Ltd. 106,165 410,442 * BGR Energy Systems, Ltd. 7,400 17,334 * Bharat Financial Inclusion, Ltd. 13,479 177,170 Bharat Forge, Ltd. 55,054 984,668 Bharat Petroleum Corp., Ltd. 160,821 1,180,598 Bharti Airtel, Ltd. 368,062 2,408,485 Bharti Infratel, Ltd. 111,930 698,141 Biocon, Ltd. 70,994 426,810 Birla Corp., Ltd. 9,090 134,825 Blue Star, Ltd. 14,558 157,336 Bodal Chemicals, Ltd. 4,208 12,002 Bombay Dyeing & Manufacturing Co., Ltd. 56,090 72,665 Bosch, Ltd. 893 337,039 * Brigade Enterprises, Ltd. 10,446 45,823 Britannia Industries, Ltd. 5,616 340,956 Can Fin Homes, Ltd. 3,033 145,963 Canara Bank 66,273 379,710 Capital First, Ltd. 4,257 51,115 Caplin Point Laboratories, Ltd. 12,240 129,991 Carborundum Universal, Ltd. 31,169 165,210 Care Ratings, Ltd. 8,973 226,011 Castrol India, Ltd. 32,130 200,733 CCL Products India, Ltd. 23,282 103,054 Ceat, Ltd. 13,404 391,574 * Century Plyboards India, Ltd. 37,659 173,445 Century Textiles & Industries, Ltd. 8,283 153,494 Cera Sanitaryware, Ltd. 1,579 72,552 CESC, Ltd. 33,832 497,547 * CG Power and Industrial Solutions, Ltd. 196,701 260,362 Chambal Fertilizers and Chemicals, Ltd. 64,407 135,784 Chennai Petroleum Corp., Ltd. 22,713 137,010 * Chennai Super Kings Cricket, Ltd. 130,176 856 Cholamandalam Investment and Finance Co., Ltd. 14,306 267,529 City Union Bank, Ltd. 53,566 150,266 Clariant Chemicals India, Ltd. 4,445 46,772 Coal India, Ltd. 99,333 386,546 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Colgate-Palmolive India, Ltd. 32,523 $ 547,886 Container Corp. Of India, Ltd. 15,676 279,267 Coromandel International, Ltd. 43,846 308,347 * Corp. Bank 99,087 78,326 Cox & Kings, Ltd. 51,200 226,410 CRISIL, Ltd. 8,791 254,298 Crompton Greaves Consumer Electricals, Ltd. 196,701 670,140 Cummins India, Ltd. 15,021 231,128 Cyient, Ltd. 23,996 196,301 Dabur India, Ltd. 77,781 374,650 * Dalmia Bharat, Ltd. 23,291 965,857 DB Corp., Ltd. 11,786 69,077 * DB Realty, Ltd. 62,003 42,819 DCB Bank, Ltd. 90,090 274,302 DCM Shriram, Ltd. 26,469 152,747 * Deepak Fertilisers & Petrochemicals Corp., Ltd. 12,197 68,216 Deepak Nitrite, Ltd. 14,093 35,894 * DEN Networks, Ltd. 39,169 51,609 * Dena Bank 122,178 65,032 Dewan Housing Finance Corp., Ltd. 95,892 682,826 Dhampur Sugar Mills, Ltd. 12,410 47,164 * Dhanuka Agritech, Ltd. 1,140 13,330 * Dish TV India, Ltd. 176,773 229,257 * Dishman Carbogen Amcis, Ltd. 29,404 138,056 * Divi's Laboratories, Ltd. 41,416 434,312 * DLF, Ltd. 164,792 495,514 Dredging Corp. Of India, Ltd. 3,050 29,763 * Dynamatic Technologies, Ltd. 1,869 69,937 eClerx Services, Ltd. 12,250 248,335 Edelweiss Financial Services, Ltd. 182,269 581,202 Eicher Motors, Ltd. 2,874 1,350,350 EID Parry India, Ltd. 39,453 207,838 EIH, Ltd. 44,017 94,478 Electrosteel Castings, Ltd. 34,724 17,855 Elgi Equipments, Ltd. 2,347 8,669 Emami, Ltd. 24,719 427,909 Engineers India, Ltd. 67,636 167,416 Entertainment Network India, Ltd. 2,514 35,708 * Eros International Media, Ltd. 11,209 38,692 Escorts, Ltd. 25,137 262,165 Essel Propack, Ltd. 39,874 152,861 Exide Industries, Ltd. 99,213 336,420 * FDC, Ltd. 22,498 63,487 Federal Bank, Ltd. 543,458 977,748 * Federal-Mogul Goetze India, Ltd. 3,768 31,698 FIEM Industries, Ltd. 788 11,019 Finolex Cables, Ltd. 37,138 270,185 Finolex Industries, Ltd. 22,600 214,324 * Firstsource Solutions, Ltd. 142,208 80,312 * Future Consumer, Ltd. 83,541 55,017 Future Enterprises, Ltd. 3,497 2,078 * Future Retail, Ltd. 74,309 467,346 Gabriel India, Ltd. 42,474 105,535 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- INDIA -- (Continued) GAIL India, Ltd. 97,608 $ 572,601 Garware Wall Ropes, Ltd. 2,999 41,657 Gateway Distriparks, Ltd. 49,751 211,495 Gati, Ltd. 16,063 30,286 Gayatri Projects, Ltd. 16,204 42,616 GE T&D India, Ltd. 3,465 21,273 Genus Power Infrastructures, Ltd. 35,185 27,534 GHCL, Ltd. 3,658 13,455 GIC Housing Finance, Ltd. 12,531 101,042 Gillette India, Ltd. 1,989 162,802 * GMR Infrastructure, Ltd. 1,090,067 318,475 Godrej Consumer Products, Ltd. 70,280 1,135,999 * Godrej Industries, Ltd. 17,505 181,004 * Godrej Properties, Ltd. 22,359 180,887 Granules India, Ltd. 66,237 140,663 Graphite India, Ltd. 23,599 75,850 Grasim Industries, Ltd. 57,050 950,199 Great Eastern Shipping Co., Ltd. (The) 37,970 234,333 Greaves Cotton, Ltd. 47,399 118,962 Gruh Finance, Ltd. 56,136 436,819 * GTL Infrastructure, Ltd. 141,285 16,288 Gujarat Alkalies & Chemicals, Ltd. 10,847 67,177 * Gujarat Ambuja Exports, Ltd. 16,948 31,420 * Gujarat Fluorochemicals, Ltd. 12,879 155,997 Gujarat Gas, Ltd. 14,084 167,484 Gujarat Industries Power Co., Ltd. 7,115 14,182 Gujarat Mineral Development Corp., Ltd. 44,395 98,288 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd. 22,410 104,257 Gujarat Pipavav Port, Ltd. 59,367 136,916 Gujarat State Fertilizers & Chemicals, Ltd. 73,343 157,289 Gujarat State Petronet, Ltd. 96,651 295,268 Gulf Oil Lubricants India, Ltd. 3,762 47,503 * GVK Power & Infrastructure, Ltd. 350,798 70,508 * Hathway Cable & Datacom, Ltd. 113,680 57,614 Hatsun Agro Products, Ltd. 5,499 53,759 Havells India, Ltd. 95,359 702,895 * HCL Infosystems, Ltd. 59,391 44,805 HCL Technologies, Ltd. 194,809 2,707,189 HDFC Bank, Ltd. 193,056 5,363,443 * HEG, Ltd. 2,331 18,048 * HeidelbergCement India, Ltd. 39,068 78,550 Heritage Foods, Ltd. 3,387 65,846 Hero MotoCorp, Ltd. 15,571 887,726 Hexaware Technologies, Ltd. 69,847 285,872 Hikal, Ltd. 7,561 26,083 * Himachal Futuristic Communications, Ltd. 275,133 78,029 Himadri Speciality Chemical, Ltd. 24,919 33,542 Himatsingka Seide, Ltd. 5,760 31,746 Hindalco Industries, Ltd. 368,542 1,264,164 Hinduja Global Solutions, Ltd. 1,214 9,953 * Hindustan Construction Co., Ltd. 148,737 94,998 Hindustan Petroleum Corp., Ltd. 143,330 855,182 Hindustan Unilever, Ltd. 141,308 2,555,884 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Honda SIEL Power Products, Ltd. 575 $ 13,602 Honeywell Automation India, Ltd. 764 147,206 * Housing Development & Infrastructure, Ltd. 191,173 258,377 Housing Development Finance Corp., Ltd. 212,956 5,933,884 HSIL, Ltd. 16,110 94,688 HT Media, Ltd. 27,555 39,530 Huhtamaki PPL, Ltd. 7,154 28,229 ICICI Bank, Ltd. 196,356 924,589 ICICI Bank, Ltd. Sponsored ADR 165,435 1,540,195 ICRA, Ltd. 195 12,016 * IDBI Bank, Ltd. 216,441 201,198 Idea Cellular, Ltd. 731,666 1,051,970 IDFC Bank, Ltd. 122,714 113,961 IDFC, Ltd. 88,855 81,230 * IFB Industries, Ltd. 3,858 42,794 * IFCI, Ltd. 442,086 186,035 Igarashi Motors India, Ltd. 1,941 30,552 IIFL Holdings, Ltd. 107,694 999,579 * IL&FS Transportation Networks, Ltd. 35,931 51,388 India Cements, Ltd. (The) 99,315 316,998 Indiabulls Housing Finance, Ltd. 143,708 2,636,126 * Indiabulls Real Estate, Ltd. 102,160 360,697 Indiabulls Ventures, Ltd. 11,240 33,235 Indian Bank 61,452 299,077 Indian Hotels Co., Ltd. (The) 138,765 269,291 Indian Oil Corp., Ltd. 231,430 1,322,538 * Indian Overseas Bank 159,455 62,141 Indo Count Industries, Ltd. 19,752 45,721 Indoco Remedies, Ltd. 16,097 50,167 Indraprastha Gas, Ltd. 17,030 312,886 IndusInd Bank, Ltd. 34,551 882,851 Infosys, Ltd. 510,418 8,052,518 Infosys, Ltd. Sponsored ADR 94,315 1,490,177 Ingersoll-Rand India, Ltd. 3,519 47,082 * Inox Leisure, Ltd. 14,693 58,574 * Inox Wind, Ltd. 6,582 14,086 * Intellect Design Arena, Ltd. 18,050 30,840 * International Paper APPM, Ltd. 2,375 11,793 IRB Infrastructure Developers, Ltd. 83,799 295,294 ITD Cementation India, Ltd. 17,120 44,002 J Kumar Infraprojects, Ltd. 9,763 43,933 * Jagran Prakashan, Ltd. 56,974 156,317 Jai Corp., Ltd. 22,407 29,922 Jain Irrigation Systems, Ltd. 187,064 309,235 * Jaiprakash Power Ventures, Ltd. 256,079 29,734 Jammu & Kashmir Bank, Ltd. (The) 140,820 183,140 Jamna Auto Industries, Ltd. 7,774 31,151 * Jaypee Infratech, Ltd. 255,716 87,145 JB Chemicals & Pharmaceuticals, Ltd. 15,609 75,346 JBF Industries, Ltd. 18,685 61,137 * Jet Airways India, Ltd. 10,753 99,712 Jindal Poly Films, Ltd. 2,316 13,615 Jindal Saw, Ltd. 82,171 132,266 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) * Jindal Steel & Power, Ltd. 194,948 $ 464,367 * JITF Infralogistics, Ltd. 8,904 6,241 JK Cement, Ltd. 9,514 149,817 JK Lakshmi Cement, Ltd. 17,346 124,423 JK Paper, Ltd. 19,218 29,194 JK Tyre & Industries, Ltd. 53,863 135,521 JM Financial, Ltd. 157,571 295,533 Johnson Controls-Hitachi Air Conditioning India, Ltd. 1,420 44,751 JSW Energy, Ltd. 266,880 291,165 * JSW Holdings, Ltd. 1,476 39,984 JSW Steel, Ltd. 662,480 2,282,308 Jubilant Foodworks, Ltd. 11,814 241,061 Jubilant Life Sciences, Ltd. 37,857 422,087 * Just Dial, Ltd. 23,136 136,267 Jyothy Laboratories, Ltd. 20,390 117,332 Kajaria Ceramics, Ltd. 48,368 512,489 * Kalpataru Power Transmission, Ltd. 29,121 157,058 Kalyani Steels, Ltd. 6,541 45,098 Kansai Nerolac Paints, Ltd. 47,210 334,052 Karnataka Bank, Ltd. (The) 94,101 225,798 Karur Vysya Bank, Ltd. (The) 166,025 363,411 * Kaveri Seed Co., Ltd. 18,752 202,268 * KCP, Ltd. 11,586 18,707 KEC International, Ltd. 50,704 241,471 * Kesoram Industries, Ltd. 5,466 12,011 Kirloskar Oil Engines, Ltd. 33,683 209,500 Kitex Garments, Ltd. 17,014 69,401 * KNR Constructions, Ltd. 7,397 24,320 Kolte-Patil Developers, Ltd. 4,289 11,276 Kotak Mahindra Bank, Ltd. 67,594 1,078,157 KPIT Technologies, Ltd. 80,994 161,102 KPR Mill, Ltd. 6,427 79,333 * KRBL, Ltd. 34,591 247,584 Kwality, Ltd. 25,524 57,919 L&T Finance Holdings, Ltd. 233,750 637,061 LA Opala RG, Ltd. 1,416 11,315 Lakshmi Machine Works, Ltd. 1,923 177,360 Lakshmi Vilas Bank, Ltd. (The) 41,528 115,839 LEEL Electricals Ltd. 3,251 10,057 LIC Housing Finance, Ltd. 141,823 1,522,767 Linde India, Ltd. 4,251 28,911 Magma Fincorp, Ltd. 21,161 55,463 Maharashtra Seamless, Ltd. 11,573 72,471 * Mahindra CIE Automotive, Ltd. 35,615 138,862 Man Infraconstruction, Ltd. 34,618 35,019 Manappuram Finance, Ltd. 223,366 371,421 Marico, Ltd. 180,600 937,775 Marksans Pharma, Ltd. 93,249 61,658 Max Financial Services, Ltd. 2,780 26,390 Mayur Uniquoters, Ltd. 1,977 11,132 McLeod Russel India, Ltd. 29,962 81,881 Meghmani Organics, Ltd. 35,729 28,944 Mercator, Ltd. 38,756 24,644 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Merck, Ltd. 4,599 $ 88,091 Minda Corp., Ltd. 15,383 25,247 Minda Industries, Ltd. 6,462 79,814 MindTree, Ltd. 66,862 496,458 MOIL, Ltd. 7,800 42,926 Monsanto India, Ltd. 1,594 67,958 * Motherson Sumi Systems, Ltd. 218,312 1,106,535 Motilal Oswal Financial Services, Ltd. 3,427 56,991 Mphasis, Ltd. 37,977 356,380 * MPS, Ltd. 1,325 11,968 MRF, Ltd. 684 736,505 Muthoot Finance, Ltd. 24,772 183,136 National Aluminium Co., Ltd. 228,259 248,977 Nava Bharat Ventures, Ltd. 24,952 53,482 Navin Fluorine International, Ltd. 2,970 32,199 * Navkar Corp., Ltd. 6,526 20,636 Navneet Education, Ltd. 33,948 86,878 NCC, Ltd. 246,466 342,489 * NESCO, Ltd. 1,495 57,237 Nestle India, Ltd. 5,986 631,233 * Network 18 Media & Investments, Ltd. 26,253 22,724 Neuland Laboratories, Ltd. 1,555 34,987 NHPC, Ltd. 513,906 243,444 NIIT Technologies, Ltd. 21,859 174,601 * NIIT, Ltd. 23,857 36,346 Nilkamal, Ltd. 2,321 67,699 NOCIL, Ltd. 21,446 48,243 NTPC, Ltd. 273,851 700,406 * Oberoi Realty, Ltd. 43,536 260,431 * OCL India, Ltd. 3,049 58,510 Omaxe, Ltd. 31,387 100,053 OnMobile Global, Ltd. 19,097 19,211 Oracle Financial Services Software, Ltd. 5,131 291,228 Orient Cement, Ltd. 16,427 39,928 Orient Refractories, Ltd. 5,890 13,679 Oriental Bank of Commerce 33,504 77,029 Page Industries, Ltd. 2,239 572,855 * Patel Engineering, Ltd. 20,891 26,837 PC Jeweller, Ltd. 59,854 238,742 Persistent Systems, Ltd. 17,337 174,940 Petronet LNG, Ltd. 178,122 563,019 Phillips Carbon Black, Ltd. 4,251 38,656 Phoenix Mills, Ltd. (The) 20,999 160,056 PI Industries, Ltd. 31,768 378,197 Pidilite Industries, Ltd. 49,845 616,254 * Polaris Consulting & Services, Ltd. 2,125 7,652 Poly Medicure, Ltd. 6,882 23,757 Polyplex Corp., Ltd. 3,223 23,211 Power Finance Corp., Ltd. 318,480 617,801 Power Grid Corp. of India, Ltd. 328,019 1,139,673 Prabhat Dairy, Ltd. 5,711 11,751 * Praj Industries, Ltd. 45,290 54,478 * Prakash Industries, Ltd. 23,236 51,600 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) * Prestige Estates Projects, Ltd. 32,407 $ 135,841 * Prism Cement, Ltd. 30,789 57,843 Procter & Gamble Hygiene & Health Care, Ltd. 3,133 393,107 PTC India Financial Services, Ltd. 117,889 73,839 PTC India, Ltd. 115,845 218,129 * Punjab & Sind Bank 30,516 25,983 * Punjab National Bank 128,963 326,763 Puravankara, Ltd. 19,821 23,475 PVR, Ltd. 15,671 327,910 Rain Industries, Ltd. 67,501 136,463 Rajesh Exports, Ltd. 35,398 392,804 Rallis India, Ltd. 30,834 115,955 Ramco Cements, Ltd. (The) 34,166 362,264 Ramco Industries, Ltd. 7,908 28,537 Ramkrishna Forgings, Ltd. 3,202 26,414 Rashtriya Chemicals & Fertilizers, Ltd. 48,810 66,235 * Ratnamani Metals & Tubes, Ltd. 4,663 59,589 * RattanIndia Power, Ltd. 192,681 19,971 Raymond, Ltd. 17,048 210,034 Redington India, Ltd. 121,761 284,008 Relaxo Footwears, Ltd. 14,942 110,903 Reliance Capital, Ltd. 58,877 662,113 * Reliance Communications, Ltd. 630,147 257,671 * Reliance Defence and Engineering, Ltd. 43,598 42,225 Reliance Infrastructure, Ltd. 58,361 480,298 * Reliance Power, Ltd. 421,912 296,897 Repco Home Finance, Ltd. 13,814 160,439 * Rolta India, Ltd. 64,030 58,034 * Ruchi Soya Industries, Ltd. 54,303 19,846 Rural Electrification Corp., Ltd. 377,333 1,028,041 Sadbhav Engineering, Ltd. 21,471 98,091 Sanghvi Movers, Ltd. 5,653 20,551 Savita Oil Technologies, Ltd. 516 9,809 Schaeffler India, Ltd. 3,129 220,942 * Sequent Scientific, Ltd. 13,673 26,303 * SH Kelkar & Co., Ltd. 5,746 23,736 Sharda Cropchem, Ltd. 1,630 12,037 * Shipping Corp. of India, Ltd. 72,988 94,040 Shoppers Stop, Ltd. 2,192 12,032 Shree Cement, Ltd. 2,077 607,192 Shriram City Union Finance, Ltd. 1,021 36,392 Shriram Transport Finance Co., Ltd. 42,323 675,477 * Shyam Century Ferrous, Ltd. 6,270 886 * Sical Logistics, Ltd. 6,311 25,419 Siemens, Ltd. 9,145 206,470 Simplex Infrastructures, Ltd. 6,377 47,844 Sintex Industries, Ltd. 184,858 107,346 * Sintex Plastics Technology, Ltd. 184,858 246,232 * SITI Networks, Ltd. 74,545 29,977 SJVN, Ltd. 208,681 108,342 SKF India, Ltd. 5,522 134,526 SML ISUZU, Ltd. 2,236 39,085 Sobha, Ltd. 27,988 174,463 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Solar Industries India, Ltd. 6,089 $ 84,736 Somany Ceramics, Ltd. 2,140 26,681 Sonata Software, Ltd. 31,777 82,698 South Indian Bank, Ltd. (The) 497,601 234,704 SREI Infrastructure Finance, Ltd. 126,476 230,593 SRF, Ltd. 10,142 240,020 * Star Cement, Ltd. 8,339 16,509 State Bank of India 240,253 1,171,044 State Bank of India GDR 2,394 115,608 * Steel Authority of India, Ltd. 205,943 203,100 Sterlite Technologies, Ltd. 93,582 308,026 Strides Shasun, Ltd. 23,671 389,692 Subros, Ltd. 5,443 20,161 Sudarshan Chemical Industries, Ltd. 2,670 17,258 Sun TV Network, Ltd. 57,658 703,026 Sundaram Finance, Ltd. 4,466 117,110 Sundaram-Clayton, Ltd. 183 12,860 Sundram Fasteners, Ltd. 46,822 301,443 Sunteck Realty, Ltd. 7,544 26,971 Suprajit Engineering, Ltd. 6,169 28,286 Supreme Industries, Ltd. 22,231 385,736 Supreme Petrochem, Ltd. 5,009 27,225 Suven Life Sciences, Ltd. 13,095 33,897 * Suzlon Energy, Ltd. 969,075 286,195 Swaraj Engines, Ltd. 846 27,689 Symphony, Ltd. 4,661 104,599 * Syndicate Bank 86,536 99,287 TAKE Solutions, Ltd. 10,326 23,910 Tamil Nadu Newsprint & Papers, Ltd. 7,912 45,780 Tata Chemicals, Ltd. 57,988 559,162 Tata Communications, Ltd. 45,978 481,287 Tata Consultancy Services, Ltd. 121,085 4,708,216 Tata Elxsi, Ltd. 4,542 123,766 Tata Global Beverages, Ltd. 201,822 535,225 Tata Power Co., Ltd. (The) 414,204 529,486 Tata Sponge Iron, Ltd. 2,770 35,927 Tata Steel, Ltd. 147,785 1,307,403 * Tata Teleservices Maharashtra, Ltd. 327,863 39,607 TCI Express, Ltd. 8,425 71,732 Tech Mahindra, Ltd. 167,800 1,006,778 Techno Electric & Engineering Co., Ltd. 10,354 58,839 Texmaco Rail & Engineering, Ltd. 32,187 46,919 Thermax, Ltd. 7,979 107,917 Thomas Cook India, Ltd. 6,751 23,695 Tide Water Oil Co India, Ltd. 436 40,034 Time Technoplast, Ltd. 23,910 61,004 Timken India, Ltd. 10,750 120,554 Titagarh Wagons, Ltd. 24,770 47,171 Titan Co., Ltd. 85,114 721,498 Torrent Pharmaceuticals, Ltd. 22,559 462,259 Torrent Power, Ltd. 63,788 180,346 Transport Corp. of India, Ltd. 16,849 82,719 Trent, Ltd. 23,170 97,102 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ INDIA -- (Continued) Trident, Ltd. 29,576 $ 38,134 * Triveni Engineering & Industries, Ltd. 46,924 59,083 Triveni Turbine, Ltd. 39,695 88,007 TTK Prestige, Ltd. 1,279 127,042 Tube Investments of India, Ltd. 25,207 306,795 TV Today Network, Ltd. 6,245 23,559 * TV18 Broadcast, Ltd. 347,748 216,723 TVS Motor Co., Ltd. 75,898 688,360 * TVS Srichakra, Ltd. 379 21,317 * UCO Bank 126,036 65,268 Uflex, Ltd. 15,527 107,529 UltraTech Cement, Ltd. 12,882 815,998 * Union Bank of India 93,204 230,055 * Unitech, Ltd. 832,060 113,521 UPL, Ltd. 193,805 2,641,968 V-Guard Industries, Ltd. 73,542 206,350 VA Tech Wabag, Ltd. 16,956 160,992 * Vaibhav Global, Ltd. 2,785 23,270 Vakrangee, Ltd. 70,431 483,713 * Vardhman Textiles, Ltd. 10,903 207,857 Vedanta, Ltd. 738,641 3,217,711 * Videocon Industries, Ltd. 56,769 21,936 Vijaya Bank 113,642 124,066 Vinati Organics, Ltd. 3,982 64,208 VIP Industries, Ltd. 19,148 51,327 Voltas, Ltd. 34,603 272,229 VRL Logistics, Ltd. 3,046 15,445 * VST Tillers Tractors, Ltd. 811 27,778 WABCO India, Ltd. 2,149 183,446 Welspun Corp., Ltd. 57,937 117,174 * Welspun Enterprises, Ltd. 26,652 56,487 Welspun India, Ltd. 187,140 239,996 West Coast Paper Mills, Ltd. 8,415 26,392 * Whirlpool of India, Ltd. 8,196 149,804 Wipro, Ltd. 289,063 1,300,948 Wonderla Holidays, Ltd. 1,519 8,350 Yes Bank, Ltd. 88,939 2,511,796 Zee Entertainment Enterprises, Ltd. 169,990 1,431,005 Zee Media Corp., Ltd. 21,358 12,882 Zensar Technologies, Ltd. 11,457 143,121 ------------ TOTAL INDIA 164,697,537 ------------ INDONESIA -- (2.9%) Ace Hardware Indonesia Tbk PT 5,324,100 443,775 Adaro Energy Tbk PT 9,050,500 1,212,121 Adhi Karya Persero Tbk PT 1,166,225 194,189 Agung Podomoro Land Tbk PT 4,253,200 71,498 AKR Corporindo Tbk PT 598,600 309,987 Alam Sutera Realty Tbk PT 6,658,200 160,933 * Aneka Tambang Persero Tbk PT 6,037,389 312,609 Arwana Citramulia Tbk PT 1,603,400 53,181 Asahimas Flat Glass Tbk PT 2,000 957 Astra Agro Lestari Tbk PT 226,467 250,252 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- INDONESIA -- (Continued) Astra Graphia Tbk PT 236,000 $ 29,767 Astra International Tbk PT 3,608,900 2,159,373 * Bakrie and Brothers Tbk PT 10,309,000 38,686 Bank Bukopin Tbk 2,711,400 121,008 Bank Central Asia Tbk PT 2,920,900 4,101,080 Bank Danamon Indonesia Tbk PT 1,374,842 587,908 Bank Mandiri Persero Tbk PT 1,676,672 1,716,204 Bank Negara Indonesia Persero Tbk PT 1,698,200 948,808 * Bank Pan Indonesia Tbk PT 2,354,700 191,690 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 1,924,600 298,968 Bank Pembangunan Daerah Jawa Timur Tbk PT 1,520,900 71,880 * Bank Permata Tbk PT 1,827,958 96,738 Bank Rakyat Indonesia Persero Tbk PT 3,433,000 3,803,664 Bank Tabungan Negara Persero Tbk PT 3,110,173 606,844 Bank Tabungan Pensiunan Nasional Tbk PT 413,000 78,125 * Barito Pacific Tbk PT 2,675,400 334,362 * Bayan Resources Tbk PT 13,000 6,330 Bekasi Fajar Industrial Estate Tbk PT 3,483,700 81,042 * Benakat Integra Tbk PT 5,686,600 45,674 * Berau Coal Energy Tbk PT 848,500 979 BISI International Tbk PT 932,700 107,134 Blue Bird Tbk PT 98,600 35,380 Bumi Serpong Damai Tbk PT 3,168,400 425,570 Charoen Pokphand Indonesia Tbk PT 2,165,615 433,708 * Citra Marga Nusaphala Persada Tbk PT 896,868 90,481 * Delta Dunia Makmur Tbk PT 2,565,800 153,123 * Eagle High Plantations Tbk PT 8,436,800 138,006 Elnusa Tbk PT 2,138,700 43,029 * Energi Mega Persada Tbk PT 1,450,925 5,445 Erajaya Swasembada Tbk PT 991,900 47,623 Fajar Surya Wisesa Tbk PT 181,400 62,353 Gajah Tunggal Tbk PT 983,100 70,784 * Garuda Indonesia Persero Tbk PT 2,980,246 77,435 Global Mediacom Tbk PT 4,492,400 175,219 * Hanson International Tbk PT 23,263,000 226,983 * Harum Energy Tbk PT 645,200 106,582 Indah Kiat Pulp & Paper Corp. Tbk PT 1,078,400 224,238 * Indika Energy Tbk PT 670,200 41,496 Indo Tambangraya Megah Tbk PT 279,300 419,246 Indocement Tunggal Prakarsa Tbk PT 331,200 434,747 Indofood CBP Sukses Makmur Tbk PT 703,900 440,998 Indofood Sukses Makmur Tbk PT 2,303,000 1,447,449 Indosat Tbk PT 422,200 205,980 Industri Jamu Dan Farmasi Sido Muncul Tbk PT 824,400 30,933 * Inovisi Infracom Tbk PT 668,445 1,101 Intiland Development Tbk PT 4,253,100 128,326 Japfa Comfeed Indonesia Tbk PT 2,841,800 248,382 Jasa Marga Persero Tbk PT 905,526 397,566 Kalbe Farma Tbk PT 4,889,000 636,276 Kawasan Industri Jababeka Tbk PT 10,371,668 247,500 KMI Wire & Cable Tbk PT 895,300 32,530 * Krakatau Steel Persero Tbk PT 2,092,231 93,416 * Kresna Graha Investama Tbk PT 2,197,100 69,256 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- INDONESIA -- (Continued) Link Net Tbk PT 143,900 $ 54,554 * Lippo Cikarang Tbk PT 325,700 107,332 Malindo Feedmill Tbk PT 449,100 32,349 Matahari Department Store Tbk PT 754,300 717,117 * Matahari Putra Prima Tbk PT 737,300 35,417 Mayora Indah Tbk PT 3,033,325 422,429 * Medco Energi Internasional Tbk PT 1,148,700 229,346 Media Nusantara Citra Tbk PT 2,297,600 310,201 Mitra Adiperkasa Tbk PT 487,700 230,579 Mitra Keluarga Karyasehat Tbk PT 565,700 95,093 * MNC Investama Tbk PT 13,427,000 109,832 * MNC Sky Vision Tbk PT 269,000 19,979 Modernland Realty Tbk PT 6,506,000 135,740 Multipolar Tbk PT 5,278,800 82,437 * Multistrada Arah Sarana Tbk PT 33,500 516 Nippon Indosari Corpindo Tbk PT 878,600 82,433 * Nusantara Infrastructure Tbk PT 8,822,000 89,370 Pabrik Kertas Tjiwi Kimia Tbk PT 121,800 10,787 Pakuwon Jati Tbk PT 10,687,900 569,320 Pan Brothers Tbk PT 2,371,800 89,893 * Panin Financial Tbk PT 8,715,400 163,460 * Paninvest Tbk PT 992,000 61,759 Pembangunan Perumahan Persero Tbk PT 1,721,142 391,613 Perusahaan Gas Negara Persero Tbk 2,627,000 443,574 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT 2,544,400 269,107 Ramayana Lestari Sentosa Tbk PT 1,926,700 136,657 Salim Ivomas Pratama Tbk PT 2,650,900 101,483 Samindo Resources Tbk PT 62,250 3,159 Sampoerna Agro PT 572,600 86,355 Sawit Sumbermas Sarana Tbk PT 1,105,100 121,499 Selamat Sempurna Tbk PT 1,169,600 98,778 Semen Baturaja Persero Tbk PT 978,000 242,229 Semen Indonesia Persero Tbk PT 1,176,400 878,055 * Sentul City Tbk PT 15,261,800 105,372 Sinar Mas Agro Resources & Technology Tbk PT 36,000 10,298 Sinar Mas Multiartha Tbk PT 16,500 11,854 Sri Rejeki Isman Tbk PT 5,372,600 136,200 * Sugih Energy Tbk PT 5,670,200 21,278 Sumber Alfaria Trijaya Tbk PT 1,089,000 55,600 Surya Citra Media Tbk PT 2,469,200 437,324 Surya Semesta Internusa Tbk PT 2,767,200 142,320 Tambang Batubara Bukit Asam Persero Tbk PT 454,721 446,988 Telekomunikasi Indonesia Persero Tbk PT Sponsored ADR 88,398 3,096,582 * Tiga Pilar Sejahtera Food Tbk 1,372,000 134,378 Timah Persero Tbk PT 1,945,231 117,510 Tiphone Mobile Indonesia Tbk PT 1,094,000 103,055 Total Bangun Persada Tbk PT 672,000 35,813 Tower Bersama Infrastructure Tbk PT 896,500 453,553 * Truba Alam Manunggal Engineering PT 3,328,000 2,748 Tunas Baru Lampung Tbk PT 1,566,200 174,600 Tunas Ridean Tbk PT 238,000 19,643 Ultrajaya Milk Industry & Trading Co. Tbk PT 234,900 88,093 Unilever Indonesia Tbk PT 322,000 1,182,534 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDONESIA -- (Continued) United Tractors Tbk PT 828,495 $ 1,870,664 * Vale Indonesia Tbk PT 1,657,500 300,696 * Visi Media Asia Tbk PT 5,092,600 119,966 Waskita Karya Persero Tbk PT 1,972,943 353,809 Wijaya Karya Beton Tbk PT 1,187,700 53,964 Wijaya Karya Persero Tbk PT 1,827,149 285,109 * XL Axiata Tbk PT 1,931,200 487,053 ----------- TOTAL INDONESIA 42,296,383 ----------- MALAYSIA -- (2.9%) Aeon Co. M Bhd 344,200 176,097 Aeon Credit Service M Bhd 33,990 107,936 Affin Holdings Bhd 268,770 161,330 AirAsia Bhd 851,900 642,302 #* AirAsia X Bhd 1,690,000 153,742 Ajinomoto Malaysia Bhd 8,600 52,027 Alliance Financial Group Bhd 586,900 538,866 AMMB Holdings Bhd 632,675 731,156 Amway Malaysia Holdings Bhd 16,600 28,491 Ann Joo Resources Bhd 83,600 59,142 APM Automotive Holdings Bhd 22,800 20,395 Astro Malaysia Holdings Bhd 589,700 355,258 Axiata Group Bhd 910,205 984,262 * Barakah Offshore Petroleum Bhd 138,300 18,739 Batu Kawan Bhd 36,900 163,732 Benalec Holdings Bhd 227,000 22,260 Berjaya Food Bhd 45,400 14,844 # Bermaz Auto Bhd 170,500 78,027 BIMB Holdings Bhd 325,031 330,906 Bonia Corp. Bhd 304,400 40,896 Boustead Holdings Bhd 95,260 59,824 Boustead Plantations Bhd 109,900 42,595 #* Bumi Armada Bhd 1,454,100 237,750 Bursa Malaysia Bhd 248,200 600,648 # Cahya Mata Sarawak Bhd 301,000 280,953 Can-One Bhd 42,900 34,357 CB Industrial Product Holding Bhd 196,580 93,196 CIMB Group Holdings Bhd 530,565 811,522 Coastal Contracts Bhd 176,800 54,487 # CSC Steel Holdings Bhd 55,500 22,036 Cypark Resources Bhd 57,000 33,534 D&O Green Technologies Bhd 236,900 34,538 Daibochi Plastic & Packaging Industry Bhd 6,048 3,105 Datasonic Group Bhd 375,000 102,484 * Dayang Enterprise Holdings Bhd 229,650 54,703 * Destinii Bhd 184,000 28,146 Dialog Group Bhd 1,012,914 456,622 # DiGi.Com Bhd 922,100 1,033,645 DKSH Holdings Malaysia Bhd 15,200 17,748 # DRB-Hicom Bhd 641,500 253,162 Dutch Lady Milk Industries Bhd 5,700 78,492 Eastern & Oriental Bhd 527,838 203,481 * Eco World Development Group Bhd 410,100 150,358 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- MALAYSIA -- (Continued) # Econpile Holldings Bhd 82,200 $ 52,193 # Ekovest Bhd 602,850 160,631 Evergreen Fibreboard Bhd 445,200 90,430 # Felda Global Ventures Holdings Bhd 1,262,100 480,606 Fraser & Neave Holdings Bhd 5,500 31,977 # Gadang Holdings Bhd 254,400 75,471 Gamuda Bhd 467,200 578,254 Gas Malaysia Bhd 39,200 26,635 # Genting Plantations Bhd 55,800 139,666 George Kent Malaysia BHD 53,200 53,406 # Globetronics Technology Bhd 148,600 213,663 Glomac Bhd 176,400 26,982 Goldis Bhd 10,502 6,867 GuocoLand Malaysia Bhd 34,800 9,589 Hai-O Enterprise Bhd 59,100 59,058 # HAP Seng Consolidated Bhd 279,820 593,962 Hap Seng Plantations Holdings Bhd 90,600 54,999 Hartalega Holdings Bhd 281,400 464,805 * Hengyuan Refining Co. Bhd 28,400 52,117 # HeveaBoard Bhd 210,500 82,076 * Hibiscus Petroleum Bhd 106,900 10,119 Hock Seng LEE BHD 61,600 22,028 Hong Leong Bank Bhd 108,490 397,716 Hong Leong Financial Group Bhd 133,913 535,511 Hong Leong Industries Bhd 46,900 114,835 Hovid Bhd 216,200 16,914 Hua Yang Bhd 128,710 24,648 # Hume Industries Bhd 39,208 20,689 Hup Seng Industries Bhd 218,300 61,677 I-Bhd 59,800 8,169 IJM Corp. Bhd 1,435,614 1,163,334 IJM Plantations Bhd 85,300 60,372 # Inari Amertron Bhd 889,842 531,983 Insas Bhd 365,913 89,702 IOI Corp. Bhd 833,405 869,764 IOI Properties Group Bhd 483,610 237,165 * Iris Corp. Bhd 736,100 29,177 #* Iskandar Waterfront City Bhd 289,100 83,649 * JAKS Resources Bhd 166,000 57,721 # Jaya Tiasa Holdings Bhd 264,705 69,251 JCY International Bhd 413,600 55,017 Kenanga Investment Bank Bhd 81,000 10,020 Kerjaya Prospek Group Bhd 106,800 92,511 Kian JOO CAN Factory Bhd 114,600 79,753 Kim Loong Resources Bhd 50,920 47,567 Kimlun Corp. Bhd 47,077 25,291 #* KNM Group Bhd 1,273,484 72,856 Kretam Holdings Bhd 399,000 50,316 #* KSL Holdings Bhd 376,864 108,245 Kuala Lumpur Kepong Bhd 79,250 458,903 Kumpulan Perangsang Selangor Bhd 161,900 49,523 Land & General Bhd 1,645,540 88,399 * Landmarks Bhd 139,100 27,745 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- MALAYSIA -- (Continued) LBS Bina Group Bhd 168,400 $ 77,474 Lii Hen Indsustries Bhd 18,500 13,777 Lingkaran Trans Kota Holdings Bhd 97,600 134,728 LPI Capital Bhd 28,300 118,712 Magni-Tech Industries Bhd 27,800 49,356 Mah Sing Group Bhd 894,852 330,299 Malakoff Corp. Bhd 352,300 84,741 Malayan Banking Bhd 969,825 2,160,957 Malayan Flour Mills Bhd 131,900 72,380 Malaysia Airports Holdings Bhd 333,967 682,297 Malaysia Building Society Bhd 797,372 228,994 #* Malaysia Marine and Heavy Engineering Holdings Bhd 213,400 36,647 #* Malaysian Bulk Carriers Bhd 271,325 44,648 # Malaysian Pacific Industries Bhd 67,663 224,199 # Malaysian Resources Corp. Bhd 619,000 176,160 Malton Bhd 177,500 48,892 Matrix Concepts Holdings Bhd 223,800 142,691 # Maxis Bhd 430,000 567,500 MBM Resources Bhd 80,330 42,165 Media Chinese International, Ltd. 100,600 12,680 Media Prima Bhd 572,100 120,235 Mega First Corp. Bhd 46,000 41,263 # Mitrajaya Holdings Bhd 291,500 90,516 * MK Land Holdings Bhd 360,900 23,184 # MKH Bhd 200,015 105,097 MMC Corp. Bhd 508,500 284,841 * MNRB Holdings Bhd 58,350 34,213 * MPHB Capital Bhd 74,900 26,237 * Mudajaya Group Bhd 196,900 57,504 Muhibbah Engineering M Bhd 220,500 144,157 * Mulpha International Bhd 87,720 49,417 # My EG Services Bhd 1,067,850 538,547 * Naim Holdings Bhd 101,300 29,826 NTPM Holdings Bhd 103,400 19,065 Oldtown Bhd 200,725 128,944 Oriental Holdings Bhd 27,700 42,624 OSK Holdings Bhd 411,509 153,693 Padini Holdings Bhd 328,600 287,002 Panasonic Manufacturing Malaysia Bhd 13,100 113,187 Pantech Group Holdings Bhd 101,846 15,696 Paramount Corp. Bhd 131,100 56,327 * Parkson Holdings Bhd 350,305 45,390 PESTECH International Bhd 124,400 45,021 Petron Malaysia Refining & Marketing Bhd 28,600 60,140 Pharmaniaga Bhd 44,200 45,848 Pie Industrial Bhd 57,300 31,318 # Pos Malaysia Bhd 145,500 179,820 PPB Group Bhd 122,600 482,623 # Press Metal Aluminium Holdings Bhd 716,400 476,875 Protasco Bhd 163,000 39,563 Public Bank Bhd 624,370 2,957,587 #* Puncak Niaga Holdings Bhd 104,100 20,900 # QL Resources Bhd 311,850 363,365 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- MALAYSIA -- (Continued) RHB Bank Bhd 229,162 $ 267,631 * Rimbunan Sawit Bhd 496,600 51,606 * Salcon Bhd 254,494 30,604 Sam Engineering & Equipment M Bhd 16,800 32,684 Sapura Energy Bhd 2,294,811 825,693 Sarawak Oil Palms Bhd 32,014 26,761 Scicom MSC Bhd 31,200 16,246 Scientex Bhd 128,000 258,902 Selangor Dredging Bhd 150,900 40,178 Selangor Properties Bhd 2,100 2,384 Shangri-La Hotels Malaysia Bhd 101,700 118,713 SHL Consolidated Bhd 98,500 65,572 SKP Resources Bhd 349,300 112,674 # SP Setia Bhd Group 224,422 173,475 Star Media Group Bhd 114,600 62,630 Sunway Bhd 349,378 349,219 # Sunway Construction Group Bhd 134,510 66,927 # Supermax Corp. Bhd 214,050 95,962 Suria Capital Holdings Bhd 18,100 8,841 # Syarikat Takaful Malaysia Bhd 181,200 171,760 Ta Ann Holdings Bhd 139,426 113,966 TA Enterprise Bhd 620,300 87,690 TA Global Bhd 529,180 38,378 Taliworks Corp. Bhd 127,900 44,483 Tambun Indah Land Bhd 121,700 37,796 TAN Chong Motor Holdings Bhd 103,100 41,418 Tasek Corp. Bhd 7,400 22,469 Telekom Malaysia Bhd 284,560 422,876 Tenaga Nasional Bhd 672,800 2,218,248 TH Plantations Bhd 61,320 16,038 Thong Guan Industries Bhd 11,900 11,617 Time dotCom Bhd 28,800 64,903 Tiong NAM Logistics Holdings 117,500 48,273 Top Glove Corp. Bhd 471,700 632,146 Tropicana Corp. Bhd 313,401 70,254 TSH Resources Bhd 272,900 106,434 Tune Protect Group Bhd 333,900 84,975 Uchi Technologies Bhd 56,870 24,972 # UEM Edgenta Bhd 164,900 104,096 #* UEM Sunrise Bhd 1,044,364 280,388 #* UMW Holdings Bhd 265,500 361,521 #* UMW Oil & Gas Corp. Bhd 742,483 52,042 Unisem M Bhd 365,830 327,797 United Malacca Bhd 20,100 29,807 United Plantations Bhd 22,500 145,395 United U-Li Corp. Bhd 47,000 43,883 # UOA Development Bhd 403,400 244,964 * Uzma Bhd 75,200 26,190 ViTrox Corp. Bhd 37,400 39,802 # VS Industry Bhd 649,425 333,917 Wah Seong Corp. Bhd 218,605 48,499 * WCE Holdings Bhd 56,300 18,801 #* WCT Holdings Bhd 495,475 219,784 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- MALAYSIA -- (Continued) Wellcall Holdings Bhd 181,700 $ 95,057 # Westports Holdings Bhd 418,100 364,205 WTK Holdings Bhd 175,000 35,332 Yinson Holdings Bhd 153,500 127,266 * YNH Property Bhd 257,166 85,258 YTL Corp. Bhd 2,718,697 888,783 YTL Power International Bhd 715,351 233,860 Zhulian Corp. Bhd 58,200 22,969 ----------- TOTAL MALAYSIA 41,546,087 ----------- MEXICO -- (4.5%) # Alfa S.A.B. de C.V. Class A 1,803,454 2,503,207 Alpek S.A.B. de C.V. 311,634 358,154 # Alsea S.A.B. de C.V. 332,233 1,292,915 America Movil S.A.B. de C.V. Series L 4,985,903 4,405,463 America Movil S.A.B. de C.V. Series L ADR 116,929 2,067,305 Arca Continental S.A.B. de C.V. 134,802 1,002,165 #* Axtel S.A.B. de C.V. 587,563 139,609 # Banregio Grupo Financiero S.A.B. de C.V. 167,956 1,100,806 * Bio Pappel S.A.B. de C.V. 22,232 33,206 Bolsa Mexicana de Valores S.A.B. de C.V. 173,089 297,321 * Cemex S.A.B. de C.V. 3,124,246 3,018,510 * Cemex S.A.B. de C.V. Sponsored ADR 164,089 1,593,304 Cia Minera Autlan S.A.B. de C.V. Series B 57,768 53,217 # Coca-Cola Femsa S.A.B. de C.V. Series L 18,905 160,893 Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR 6,841 581,348 Consorcio ARA S.A.B. de C.V. Series * 495,229 166,073 #* Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A 336,653 462,927 Corp. Actinver S.A.B. de C.V. 9,800 7,156 # Corp. Inmobiliaria Vesta S.A.B. de C.V. 308,954 466,837 Corp. Moctezuma S.A.B. de C.V. Series * 87,200 342,873 Credito Real S.A.B. de C.V. SOFOM ER 141,413 250,457 * Desarrolladora Homex S.A.B. de C.V. 115,610 6,884 # El Puerto de Liverpool S.A.B. de C.V. Class C1 39,695 356,759 #* Elementia S.A.B. de C.V. 16,493 23,717 #* Empresas ICA S.A.B. de C.V. 72,400 6,344 * Financiera Independencia S.A.B. de C.V. SOFOM ENR 21,447 3,735 Fomento Economico Mexicano S.A.B. de C.V. 22,900 230,910 Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR 31,122 3,139,587 # Gentera S.A.B. de C.V. 676,510 1,026,023 Gruma S.A.B. de C.V. Class B 92,774 1,279,163 * Grupo Aeromexico S.A.B. de C.V. 77,051 159,794 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. 143,132 904,097 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR 7,415 849,759 Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B 72,582 830,417 Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR 4,576 972,629 Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B 25,085 533,348 # Grupo Bimbo S.A.B. de C.V. Series A 448,568 1,128,066 Grupo Carso S.A.B. de C.V. Series A1 182,930 764,088 Grupo Cementos de Chihuahua S.A.B. de C.V. 17,771 92,806 Grupo Comercial Chedraui S.A. de C.V. 231,121 484,247 # Grupo Elektra S.A.B. de C.V. 27,560 1,231,713 * Grupo Famsa S.A.B. de C.V. Class A 176,737 102,056 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED
SHARES VALUE++ --------- ----------- MEXICO -- (Continued) Grupo Financiero Banorte S.A.B. de C.V. Class O 476,443 $ 3,157,731 Grupo Financiero Inbursa S.A.B. de C.V. Class O 504,531 906,611 Grupo Financiero Interacciones SA de C.V. Class O 77,323 435,207 # Grupo Financiero Santander Mexico S.A.B. de C.V. Class B 248,985 510,627 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B ADR 40,684 417,418 * Grupo GICSA S.A. de C.V. 48,093 32,958 Grupo Herdez S.A.B. de C.V. Series * 174,359 392,644 Grupo Industrial Saltillo S.A.B. de C.V. 27,810 63,892 Grupo KUO S.A.B. de C.V. Series B 28,600 67,032 # Grupo Lala S.A.B. de C.V. 209,879 412,861 Grupo Mexico S.A.B. de C.V. Series B 1,442,882 4,696,813 * Grupo Pochteca S.A.B. de C.V. 35,990 14,333 # Grupo Rotoplas S.A.B. de C.V. 31,735 52,302 Grupo Sanborns S.A.B. de C.V. 137,255 166,148 * Grupo Simec S.A.B. de C.V. Series B 57,883 206,659 * Grupo Simec S.A.B. de C.V. Sponsored ADR 2,821 30,185 * Grupo Sports World S.A.B. de C.V. 42,700 38,856 Grupo Televisa S.A.B. Series CPO 580,492 3,096,392 Grupo Televisa S.A.B. Sponsored ADR 51,863 1,380,593 #* Hoteles City Express S.A.B. de C.V. 167,099 207,437 * Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V. 188,521 360,046 Industrias Bachoco S.A.B. de C.V. Series B 89,229 445,080 Industrias Bachoco S.A.B. de C.V. Sponsored ADR 2,601 155,566 #* Industrias CH S.A.B. de C.V. Series B 153,720 745,006 Industrias Penoles S.A.B. de C.V. 56,301 1,382,027 Infraestructura Energetica Nova S.A.B. de C.V. 182,489 1,033,276 # Kimberly-Clark de Mexico S.A.B. de C.V. Class A 687,660 1,382,852 * La Comer S.A.B. de C.V. 309,798 314,105 * Maxcom Telecomunicaciones S.A.B. de C.V. 2,771 1,078 Megacable Holdings S.A.B. de C.V. 191,520 794,159 Mexichem S.A.B. de C.V. 563,072 1,606,744 #* Minera Frisco S.A.B. de C.V. Class A1 242,964 154,765 # Nemak S.A.B. de C.V. 34,008 30,679 # Organizacion Cultiba S.A.B. de C.V. 24,314 22,125 * Organizacion Soriana S.A.B. de C.V. Class B 240,563 595,783 Promotora y Operadora de Infraestructura S.A.B. de C.V. 100,122 1,098,432 Promotora y Operadora de Infraestructura S.A.B. de C.V. 4,081 35,218 Qualitas Controladora S.A.B. de C.V. 79,517 131,855 Rassini S.A.B. de C.V. 32,253 153,977 Rassini S.A.B. De C.V. Class A 43,000 100,142 #* Telesites S.A.B. de C.V. 444,416 325,277 # TV Azteca S.A.B. de C.V. 949,178 180,745 Unifin Financiera S.A.B. de C.V. SOFOM ENR 25,051 81,601 Vitro S.A.B. de C.V. Series A 82,421 370,055 Wal-Mart de Mexico S.A.B. de C.V. 1,140,741 2,639,996 ----------- TOTAL MEXICO 64,857,176 ----------- PERU -- (0.2%) Cementos Pacasmayo SAA ADR 6,089 70,084 Cia de Minas Buenaventura SAA ADR 15,794 193,319 Credicorp, Ltd. 16,147 2,989,456 * Fossal SAA ADR 455 491
EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- PERU -- (Continued) * Grana y Montero SAA Sponsored ADR 14,632 $ 46,676 ---------- TOTAL PERU 3,300,026 ---------- PHILIPPINES -- (1.3%) Aboitiz Equity Ventures, Inc. 402,890 606,554 Aboitiz Power Corp. 365,000 282,019 * Atlas Consolidated Mining & Development Corp. 168,700 18,055 Ayala Corp. 39,311 673,472 Ayala Land, Inc. 1,304,160 1,085,396 Bank of the Philippine Islands 144,646 299,732 BDO Unibank, Inc. 370,238 923,245 Cebu Air, Inc. 168,840 337,934 Century Pacific Food, Inc. 314,700 115,110 Century Properties Group, Inc. 500,000 5,151 China Banking Corp. 134,572 97,188 Cosco Capital, Inc. 835,800 128,055 D&L Industries, Inc. 1,222,300 296,931 DMCI Holdings, Inc. 1,899,750 605,971 * DoubleDragon Properties Corp. 128,090 116,779 East West Banking Corp. 157,600 99,791 EEI Corp. 232,900 58,632 * Empire East Land Holdings, Inc. 1,223,000 18,180 Energy Development Corp. 5,636,700 666,881 Filinvest Land, Inc. 6,955,000 244,019 First Gen Corp. 721,300 247,295 First Philippine Holdings Corp. 169,010 221,049 * Global Ferronickel Holdings, Inc. 434,000 22,695 Globe Telecom, Inc. 10,290 431,695 GT Capital Holdings, Inc. 20,445 491,667 Integrated Micro-Electronics, Inc. 79,300 20,747 JG Summit Holdings, Inc. 588,650 927,254 Jollibee Foods Corp. 129,260 575,974 * Lepanto Consolidated Mining Co. 1,834,182 6,953 Lopez Holdings Corp. 1,395,300 193,495 Manila Electric Co. 76,660 423,903 Manila Water Co., Inc. 725,600 459,954 Max's Group, Inc. 90,700 35,630 * Megawide Construction Corp. 278,374 96,780 Megaworld Corp. 5,328,500 506,854 Metro Retail Stores Group, Inc. 714,000 56,026 Metropolitan Bank & Trust Co. 135,832 234,248 Nickel Asia Corp. 268,000 31,853 Pepsi-Cola Products Philippines, Inc. 737,300 46,765 Petron Corp. 1,162,100 217,901 Philex Mining Corp. 111,400 19,526 Philippine National Bank 215,142 285,626 Philippine Stock Exchange, Inc. (The) 5,304 25,212 Phinma Energy Corp. 675,000 25,543 Phoenix Petroleum Philippines, Inc. 136,240 32,895 PLDT, Inc. 21,950 712,146 PLDT, Inc. Sponsored ADR 11,344 368,340 Puregold Price Club, Inc. 355,800 332,232 RFM Corp. 532,000 47,413 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- PHILIPPINES -- (Continued) Rizal Commercial Banking Corp. 201,164 $ 227,212 Robinsons Land Corp. 933,000 475,375 Robinsons Retail Holdings, Inc. 139,390 239,391 San Miguel Corp. 277,910 559,462 Security Bank Corp. 123,906 574,438 Semirara Mining & Power Corp. 115,820 389,059 SM Investments Corp. 23,010 367,973 SM Prime Holdings, Inc. 1,349,212 933,589 STI Education Systems Holdings, Inc. 1,881,000 55,139 * Top Frontier Investment Holdings, Inc. 10,142 61,301 Union Bank of the Philippines 114,552 195,830 Universal Robina Corp. 186,330 594,345 Vista Land & Lifescapes, Inc. 3,794,100 450,231 Xurpas, Inc. 76,300 11,037 ----------- TOTAL PHILIPPINES 18,911,148 ----------- POLAND -- (2.0%) * Agora SA 20,446 90,467 * Alior Bank SA 33,961 604,986 Amica SA 2,898 131,186 * AmRest Holdings SE 1,944 199,890 Apator SA 3,816 33,615 Asseco Poland SA 46,977 590,492 Bank Handlowy w Warszawie SA 8,512 168,166 * Bank Millennium SA 272,843 585,547 Bank Pekao SA 16,332 580,309 Bank Zachodni WBK SA 7,667 809,488 #* Bioton SA 23,777 37,971 * Boryszew SA 95,717 290,400 Budimex SA 6,889 423,744 CCC SA 8,799 597,236 CD Projekt SA 44,539 1,071,601 * Ciech SA 23,153 371,740 ComArch SA 218 12,349 Cyfrowy Polsat SA 64,564 460,223 Elektrobudowa SA 39 1,177 * Emperia Holding SA 5,724 134,985 Enea SA 143,203 603,643 Energa SA 61,686 218,411 # Eurocash SA 39,486 390,054 Fabryki Mebli Forte SA 9,297 175,322 * Famur SA 37,563 62,630 Firma Oponiarska Debica SA 1,289 39,105 * Getin Holding SA 243,123 89,935 * Getin Noble Bank SA 290,102 113,696 Globe Trade Centre SA 29,996 79,985 Grupa Azoty SA 26,425 516,841 Grupa Azoty Zaklady Chemiczne Police SA 3,091 17,624 Grupa Kety SA 6,353 739,647 * Grupa Lotos SA 62,514 844,718 * Impexmetal SA 60,302 73,825 * ING Bank Slaski SA 7,883 433,425 Inter Cars SA 2,648 210,393 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- POLAND -- (Continued) * Jastrzebska Spolka Weglowa SA 28,438 $ 654,684 Kernel Holding SA 38,613 683,164 KGHM Polska Miedz SA 35,565 1,209,968 KRUK SA 8,067 771,605 LC Corp. SA 15,461 8,217 # LPP SA 344 670,421 Lubelski Wegiel Bogdanka SA 5,264 105,042 * mBank SA 4,560 576,814 Netia SA 175,788 193,538 Neuca SA 2,045 186,405 * Orange Polska SA 257,497 390,499 Orbis SA 5,719 135,990 Pfleiderer Group SA 1,658 20,985 PGE Polska Grupa Energetyczna SA 321,613 1,172,016 * PKP Cargo SA 12,403 213,876 * Polnord SA 24,222 68,992 Polski Koncern Naftowy Orlen SA 145,677 4,313,118 Polskie Gornictwo Naftowe i Gazownictwo SA 373,045 693,325 * Powszechna Kasa Oszczednosci Bank Polski SA 159,710 1,635,183 Powszechny Zaklad Ubezpieczen SA 106,811 1,315,724 * Rafako SA 20,281 34,871 Stalexport Autostrady SA 14,146 16,770 Stalprodukt SA 481 66,857 Synthos SA 241,049 297,683 * Tauron Polska Energia SA 721,502 764,640 Trakcja SA 23,580 89,066 * Vistula Group SA 81,863 76,520 Warsaw Stock Exchange 11,916 155,626 Wawel SA 202 63,141 * Zespol Elektrowni Patnow Adamow Konin SA 2,460 12,923 ----------- TOTAL POLAND 28,402,489 ----------- RUSSIA -- (1.2%) Etalon Group, Ltd. GDR(29760G103) 2,394 8,559 Etalon Group, Ltd. GDR(B5TWX80) 52,035 186,358 Gazprom PJSC Sponsored ADR 607,755 2,365,826 Globaltrans Investment P.L.C. GDR 4,958 38,226 Globaltrans Investment P.L.C. Sponsored GDR 21,579 166,314 * Lenta, Ltd. GDR(BJ621Y903) 9,815 58,921 * Lenta, Ltd. GDR(52634T200) 38,211 229,266 LUKOIL PJSC Sponsored ADR(BYZDW2900) 31,089 1,448,599 Lukoil PJSC Sponsored ADR(69343P105) 3,200 150,848 Magnitogorsk Iron & Steel Works PJSC Sponsored GDR 47,794 355,796 * Mail.Ru Group, Ltd. GDR(B53NQB903) 4,369 120,720 * Mail.Ru Group, Ltd. GDR(560317208) 2,320 64,055 * Mechel PJSC Sponsored ADR 20,860 99,294 MegaFon PJSC GDR 20,825 199,902 MMC Norilsk Nickel PJSC ADR 63,265 938,827 Novatek PJSC GDR 3,361 351,561 Novolipetsk Steel PJSC GDR 23,125 483,161 O'Key Group SA GDR 6,334 13,636 PhosAgro PJSC GDR 21,849 299,752 Ros Agro P.L.C. GDR(749655205) 3,196 38,352 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- RUSSIA -- (Continued) Ros Agro P.L.C. GDR(B5MTFN905) 818 $ 9,822 Rosneft Oil Co. PJSC GDR(B17FSC901) 154,292 792,456 Rosneft Oil Co. PJSC GDR(67812M207) 11,506 59,026 Rostelecom PJSC Sponsored ADR 19,115 125,898 RusHydro PJSC ADR 311,587 389,497 Sberbank of Russia PJSC Sponsored ADR(80585Y308) 120,367 1,413,710 Sberbank of Russia PJSC Sponsored ADR(B5SC09903) 205,157 2,388,578 Severstal PJSC GDR 47,385 651,211 Tatneft PJSC Sponsored ADR 27,030 1,042,298 TMK PJSC GDR(B1FY0V909) 13,562 70,888 TMK PJSC GDR(87260R201) 14,381 75,213 VEON, Ltd. 162,025 662,682 VTB Bank PJSC GDR(46630Q202) 273,634 528,114 VTB Bank PJSC GDR(B1W7FX909) 171,074 330,119 * X5 Retail Group NV GDR 24,211 936,594 ----------- TOTAL RUSSIA 17,094,079 ----------- SOUTH AFRICA -- (6.8%) Adcock Ingram Holdings, Ltd. 22,933 110,764 Adcorp Holdings, Ltd. 61,325 65,618 Advtech, Ltd. 242,526 330,325 AECI, Ltd. 77,506 623,169 African Oxygen, Ltd. 36,963 52,754 * African Phoenix Investments, Ltd. 282,387 15,219 African Rainbow Minerals, Ltd. 69,916 498,086 Afrimat, Ltd. 29,314 59,832 Alexander Forbes Group Holdings, Ltd. 202,587 104,014 Alviva Holdings, Ltd. 81,663 126,022 * Anglo American Platinum, Ltd. 14,088 344,993 # AngloGold Ashanti, Ltd. Sponsored ADR 320,438 3,210,789 * ArcelorMittal South Africa, Ltd. 220,470 83,933 # Ascendis Health, Ltd. 107,869 163,910 Assore, Ltd. 22,628 366,479 Astral Foods, Ltd. 27,840 306,242 * Attacq, Ltd. 266,872 362,620 * Aveng, Ltd. 235,423 93,133 AVI, Ltd. 194,957 1,449,913 # Barclays Africa Group, Ltd. 245,915 2,699,631 Barloworld, Ltd. 156,320 1,406,704 Bid Corp., Ltd. 93,882 2,254,660 Bidvest Group, Ltd. (The) 162,992 2,074,828 Blue Label Telecoms, Ltd. 273,933 352,293 * Brait SE 132,500 632,075 Capitec Bank Holdings, Ltd. 23,772 1,550,724 Cashbuild, Ltd. 16,072 437,945 Caxton and CTP Publishers and Printers, Ltd. 26,485 24,626 City Lodge Hotels, Ltd. 25,247 270,431 Clicks Group, Ltd. 136,239 1,544,709 Clover Industries, Ltd. 78,209 99,501 * Consolidated Infrastructure Group, Ltd. 60,169 72,122 Coronation Fund Managers, Ltd. 136,564 706,909 * Curro Holdings, Ltd. 35,119 113,122 DataTec, Ltd. 138,282 602,554 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- SOUTH AFRICA -- (Continued) Discovery, Ltd. 137,736 $1,466,190 DRDGOLD, Ltd. 216,155 72,155 DRDGOLD, Ltd. Sponsored ADR 1,600 5,296 EOH Holdings, Ltd. 72,812 595,416 * Evraz Highveld Steel and Vanadium, Ltd. 5,882 11 Exxaro Resources, Ltd. 101,240 835,988 Famous Brands, Ltd. 51,937 459,514 FirstRand, Ltd. 1,336,774 5,258,213 # Foschini Group, Ltd. (The) 143,114 1,647,463 Gold Fields, Ltd. 29,233 116,618 # Gold Fields, Ltd. Sponsored ADR 510,093 2,035,271 Grand Parade Investments, Ltd. 131,391 32,902 * Grindrod, Ltd. 308,452 289,708 Group Five, Ltd. 72,783 94,077 Harmony Gold Mining Co., Ltd. 114,510 204,636 Harmony Gold Mining Co., Ltd. Sponsored ADR 152,302 275,667 Holdsport, Ltd. 20,490 104,031 * Howden Africa Holdings, Ltd. 3,943 11,054 Hudaco Industries, Ltd. 21,252 203,463 Hulamin, Ltd. 71,054 34,515 * Impala Platinum Holdings, Ltd. 330,388 882,139 Imperial Holdings, Ltd. 108,653 1,435,185 Investec, Ltd. 88,154 659,753 Invicta Holdings, Ltd. 17,919 72,709 JSE, Ltd. 67,533 676,150 KAP Industrial Holdings, Ltd. 602,817 367,032 #* Kumba Iron Ore, Ltd. 36,333 542,306 Lewis Group, Ltd. 66,807 156,136 Liberty Holdings, Ltd. 74,949 642,995 Massmart Holdings, Ltd. 75,208 631,683 Merafe Resources, Ltd. 580,668 59,902 Metair Investments, Ltd. 111,669 164,330 MMI Holdings, Ltd. 666,602 1,045,526 Mondi, Ltd. 65,369 1,697,145 Mpact, Ltd. 110,638 230,952 Mr. Price Group, Ltd. 100,112 1,315,635 Murray & Roberts Holdings, Ltd. 245,552 258,067 * Nampak, Ltd. 355,797 515,994 Naspers, Ltd. Class N 30,058 6,644,453 # Nedbank Group, Ltd. 96,381 1,603,055 * NEPI Rockcastle P.L.C. 41,347 550,770 * Northam Platinum, Ltd. 173,232 602,924 Oceana Group, Ltd. 28,771 206,155 Omnia Holdings, Ltd. 36,337 375,195 Peregrine Holdings, Ltd. 166,460 378,655 Pick n Pay Stores, Ltd. 187,789 903,827 Pioneer Foods Group, Ltd. 65,245 693,183 #* PPC, Ltd. 1,097,019 397,665 PSG Group, Ltd. 25,741 505,307 Raubex Group, Ltd. 94,910 170,724 RCL Foods, Ltd. 19,226 23,186 Reunert, Ltd. 97,139 529,886 Rhodes Food Group Pty, Ltd. 55,653 96,047 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH AFRICA -- (Continued) * Royal Bafokeng Platinum, Ltd. 40,725 $ 94,760 Sanlam, Ltd. 656,368 3,305,823 Santam, Ltd. 21,324 392,092 Sappi, Ltd. 266,260 1,763,725 Sasol, Ltd. 12,517 377,287 Sasol, Ltd. Sponsored ADR 164,073 4,945,160 # Shoprite Holdings, Ltd. 182,449 2,791,444 Sibanye Gold, Ltd. 615,184 785,215 Sibanye Gold, Ltd. Sponsored ADR 137,752 710,800 SPAR Group, Ltd. (The) 107,445 1,346,724 Spur Corp., Ltd. 43,547 93,103 Standard Bank Group, Ltd. 467,367 5,805,998 Steinhoff International Holdings NV 643,070 3,217,900 * Super Group, Ltd. 267,571 739,966 Telkom SA SOC, Ltd. 180,068 888,809 Tiger Brands, Ltd. 56,777 1,721,438 Tongaat Hulett, Ltd. 66,890 602,719 Transaction Capital, Ltd. 80,699 90,718 Trencor, Ltd. 96,638 258,398 Truworths International, Ltd. 293,025 1,681,026 Vodacom Group, Ltd. 88,563 1,196,730 Wilson Bayly Holmes-Ovcon, Ltd. 26,694 277,343 Woolworths Holdings, Ltd. 401,045 1,916,716 ----------- TOTAL SOUTH AFRICA 96,991,402 ----------- SOUTH KOREA -- (15.7%) ABOV Semiconductor Co., Ltd. 3,257 23,022 #* Ace Technologies Corp. 6,136 23,722 * Actoz Soft Co., Ltd. 1,963 25,333 Advanced Nano Products Co., Ltd. 1,159 16,276 * Advanced Process Systems Corp. 2,021 79,291 Aekyung Petrochemical Co., Ltd. 9,491 131,559 AfreecaTV Co., Ltd. 5,664 121,524 * Agabang&Company 10,261 53,120 Ahn-Gook Pharmaceutical Co., Ltd. 3,399 31,583 # Ahnlab, Inc. 934 43,603 AJ Networks Co., Ltd. 2,404 14,931 * AJ Rent A Car Co., Ltd. 11,281 101,898 * Ajin Industrial Co., Ltd. 2,875 17,279 AK Holdings, Inc. 3,176 203,434 ALUKO Co., Ltd. 14,441 55,516 # Amorepacific Corp. 6,122 1,551,089 AMOREPACIFIC Group 9,659 1,048,391 * Amotech Co., Ltd. 4,403 106,253 Anapass, Inc. 4,285 61,101 #* APS Holdings Corp. 4,288 43,226 Asia Cement Co., Ltd. 824 64,007 ASIA Holdings Co., Ltd. 649 66,129 Asia Paper Manufacturing Co., Ltd. 3,151 56,032 * Asiana Airlines, Inc. 67,902 313,835 * AUK Corp. 5,660 12,639 # Autech Corp. 8,440 95,739 # Avaco Co., Ltd. 3,893 26,074 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) Baiksan Co., Ltd. 6,975 $ 60,819 #* Barun Electronics Co., Ltd. 12,622 17,360 #* Barunson Entertainment & Arts Corp. 26,198 50,579 Bcworld Pharm Co., Ltd. 709 16,420 BGF retail Co., Ltd. 4,123 340,263 Binggrae Co., Ltd. 2,080 124,513 * BioSmart Co., Ltd. 5,180 22,147 BIT Computer Co., Ltd. 4,083 18,927 Bixolon Co., Ltd. 2,642 15,618 Bluecom Co., Ltd. 3,649 27,912 BNK Financial Group, Inc. 115,399 1,166,051 # Boditech Med, Inc. 3,424 48,797 # BoKwang Industry Co., Ltd. 3,351 19,867 Bookook Securities Co., Ltd. 1,333 31,333 * Boryung Medience Co., Ltd. 1,660 13,163 Boryung Pharmaceutical Co., Ltd. 937 34,944 #* Bosung Power Technology Co., Ltd. 12,591 29,181 * Bubang Co., Ltd. 7,169 22,471 Bukwang Pharmaceutical Co., Ltd. 1,577 30,439 # Busan City Gas Co., Ltd. 1,071 36,608 BYC Co., Ltd. 67 21,350 # Byucksan Corp. 20,100 64,665 #* CammSys Corp. 24,019 57,293 #* Capro Corp. 14,132 76,045 Cell Biotech Co., Ltd. 3,452 109,699 * Celltrion Pharm, Inc. 1,835 32,719 * Celltrion, Inc. 9,321 903,362 Changhae Ethanol Co., Ltd. 2,540 41,466 * Charm Engineering Co., Ltd. 7,133 19,082 Cheil Worldwide, Inc. 16,505 300,134 * Chemtronics Co., Ltd. 3,054 20,709 Cheryong Industrial Co. Ltd/new 2,438 16,946 * China Great Star International, Ltd. 48,469 58,532 Chinyang Holdings Corp. 6,715 19,154 Chokwang Paint, Ltd. 4,183 43,314 Chong Kun Dang Pharmaceutical Corp. 1,610 161,903 Chongkundang Holdings Corp. 1,238 73,773 Choong Ang Vaccine Laboratory 1,502 23,969 Chosun Refractories Co., Ltd. 128 10,225 Chungdahm Learning, Inc. 3,558 53,560 # CJ CGV Co., Ltd. 5,000 309,679 # CJ CheilJedang Corp. 4,389 1,450,614 CJ Corp. 6,841 1,185,818 CJ E&M Corp. 5,773 385,162 CJ Freshway Corp. 2,656 99,585 CJ Hellovision Co., Ltd. 15,905 123,798 #* CJ Korea Express Corp. 1,110 184,911 CJ O Shopping Co., Ltd. 2,581 458,649 * CJ Seafood Corp. 9,592 27,816 CKD Bio Corp. 1,848 35,109 Com2uSCorp 3,906 400,206 Coreana Cosmetics Co., Ltd. 4,488 20,671 Cosmax BTI, Inc. 1,889 42,098 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) # Cosmax, Inc. 2,693 $ 248,744 * Cosmochemical Co., Ltd. 2,170 21,615 * COSON Co., Ltd. 5,178 49,450 Coway Co., Ltd. 12,705 1,124,799 * Crown Confectionery Co., Ltd. 2,881 53,951 CROWNHAITAI Holdings Co., Ltd. 2,237 46,667 #* CrucialTec Co., Ltd. 18,069 50,809 CS Wind Corp. 2,506 60,030 * CTC BIO, Inc. 1,736 11,773 Cuckoo Electronics Co., Ltd. 259 32,535 # D.I Corp. 8,342 34,151 Dae Dong Industrial Co., Ltd. 4,717 29,960 Dae Han Flour Mills Co., Ltd. 586 98,979 Dae Hyun Co., Ltd. 11,147 29,525 * Dae Won Chemical Co., Ltd. 18,773 43,125 Dae Won Kang Up Co., Ltd. 10,353 40,049 * Dae Young Packaging Co., Ltd. 31,775 24,876 Dae-Il Corp. 8,181 76,714 #* Daea TI Co., Ltd. 18,837 31,135 * Daechang Co., Ltd. 19,890 21,242 Daeduck Electronics Co. 16,579 165,808 Daeduck GDS Co., Ltd. 10,025 169,137 Daegu Department Store 3,040 34,519 Daehan Steel Co., Ltd. 7,550 93,781 Daekyo Co., Ltd. 7,515 55,285 * Daekyung Machinery & Engineering Co., Ltd. 40,824 21,603 Daelim B&Co Co., Ltd. 2,047 14,808 Daelim Industrial Co., Ltd. 10,811 885,932 #* DAEMYUNG Corp. Co., Ltd. 8,276 17,421 Daeryuk Can Co., Ltd. 8,241 51,920 Daesang Corp. 8,216 188,681 # Daesang Holdings Co., Ltd. 7,126 69,734 Daesung Energy Co., Ltd. 2,270 12,638 * Daewon Cable Co., Ltd. 22,526 25,445 Daewon Pharmaceutical Co., Ltd. 8,439 141,842 Daewon San Up Co., Ltd. 3,517 23,150 * Daewoo Engineering & Construction Co., Ltd. 28,073 205,610 * Daewoo Shipbuilding & Marine Engineering Co., Ltd. 37,401 28,075 Daewoong Co., Ltd. 8,070 109,238 # Daewoong Pharmaceutical Co., Ltd. 1,072 89,310 Daihan Pharmaceutical Co., Ltd. 1,880 61,052 Daishin Securities Co., Ltd. 23,325 318,995 * Danal Co., Ltd. 4,835 23,251 Daou Data Corp. 10,158 110,237 Daou Technology, Inc. 16,856 335,045 #* Dasan Networks, Inc. 9,337 44,622 Dawonsys Co., Ltd. 4,711 48,422 # Dayou Automotive Seat Technology Co., Ltd. 37,134 44,452 * Dayou Plus Co., Ltd. 20,668 18,244 DCM Corp. 1,241 14,753 DGB Financial Group, Inc. 74,311 793,837 DHP Korea Co., Ltd. 2,047 16,082 Digital Chosun Co., Ltd. 13,524 27,579 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Digital Power Communications Co., Ltd. 9,714 $ 39,477 * DIO Corp. 3,157 98,595 Display Tech Co., Ltd. 696 2,520 # DMS Co., Ltd. 8,162 71,800 * DNF Co., Ltd. 5,085 71,118 # Dong A Eltek Co., Ltd. 3,737 64,929 Dong Ah Tire & Rubber Co., Ltd. 4,949 121,750 # Dong-A ST Co., Ltd. 2,371 175,870 Dong-Ah Geological Engineering Co., Ltd. 3,838 46,951 Dong-Il Corp. 374 19,279 * DONGBU Co., Ltd. 52,646 34,989 * Dongbu Corp. 1,689 23,152 * Dongbu HiTek Co., Ltd. 16,768 286,529 Dongbu Insurance Co., Ltd. 27,615 1,976,484 * Dongbu Securities Co., Ltd. 21,575 77,139 * Dongbu Steel Co., Ltd. 1,591 17,348 Dongil Industries Co., Ltd. 730 48,925 # Dongjin Semichem Co., Ltd. 21,378 322,905 * Dongkook Industrial Co., Ltd. 13,878 27,651 DongKook Pharmaceutical Co., Ltd. 969 52,125 Dongkuk Industries Co., Ltd. 19,628 82,960 Dongkuk Steel Mill Co., Ltd. 34,898 447,377 # Dongkuk Structures & Construction Co., Ltd 12,784 73,114 Dongsuh Cos., Inc. 3,623 95,691 DONGSUNG Corp. 16,698 96,397 Dongsung Finetec Co., Ltd. 8,709 46,612 Dongwha Enterprise Co., Ltd. 1,029 33,517 Dongwha Pharm Co., Ltd. 7,521 54,978 Dongwon Development Co., Ltd. 18,895 84,438 Dongwon F&B Co., Ltd. 450 86,858 Dongwon Industries Co., Ltd. 573 141,790 Dongwon Systems Corp. 1,315 62,522 Dongyang E&P, Inc. 3,315 38,926 #* Dongyang Steel Pipe Co., Ltd. 39,041 45,177 Doosan Corp. 3,171 334,355 * Doosan Engine Co., Ltd. 22,044 81,287 Doosan Heavy Industries & Construction Co., Ltd. 27,854 512,840 DoubleUGames Co., Ltd. 823 46,312 # Douzone Bizon Co., Ltd. 8,849 276,059 * Dragonfly GF Co., Ltd. 1,460 6,135 DRB Holding Co., Ltd. 3,677 31,315 DSR Wire Corp. 1,764 9,808 * Duksan Hi-Metal Co., Ltd. 3,951 29,591 DY Corp. 8,382 53,944 e Tec E&C, Ltd. 913 112,110 e-LITECOM Co., Ltd. 5,790 48,236 E-MART, Inc. 5,161 1,171,594 E1 Corp. 1,351 73,895 Eagon Industrial, Ltd. 3,370 28,453 # Easy Bio, Inc. 29,542 182,674 #* EcoBio Holdings Co., Ltd. 2,985 25,318 #* Ecopro Co., Ltd. 3,984 105,181 # EG Corp. 4,451 28,688 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) #* Ehwa Technologies Information Co., Ltd. 114,185 $ 35,377 # Elcomtec Co., Ltd. 9,977 20,064 Elentec Co., Ltd. 8,425 37,846 * ELK Corp. 35,373 41,546 EM-Tech Co., Ltd. 7,200 87,213 * Emerson Pacific, Inc. 1,974 54,417 #* EMKOREA Co., Ltd. 5,967 21,327 Enex Co., Ltd. 9,402 17,549 ENF Technology Co., Ltd. 10,574 205,768 Eo Technics Co., Ltd. 2,078 155,504 Estechpharma Co., Ltd. 3,978 34,986 # Eugene Corp. 26,147 147,165 * Eugene Investment & Securities Co., Ltd. 42,469 140,059 Eugene Technology Co., Ltd. 4,095 62,701 Eusu Holdings Co., Ltd. 8,871 60,381 EVERDIGM Corp. 5,254 58,197 F&F Co., Ltd. 2,305 57,762 Farmsco 6,948 75,774 * FarmStory Co., Ltd. 32,468 41,639 # Feelux Co., Ltd. 11,798 33,194 # Fila Korea, Ltd. 2,851 188,531 Fine Technix Co., Ltd. 10,892 23,663 * Foosung Co., Ltd. 23,489 230,783 Fursys, Inc. 1,797 53,732 #* G-SMATT GLOBAL Co., Ltd. 4,752 57,478 #* Gamevil, Inc. 2,126 104,630 Gaon Cable Co., Ltd. 1,471 33,898 * Genic Co., Ltd. 1,217 11,844 * Genie Music Corp. 5,644 24,445 GIIR, Inc. 595 5,307 * Global Display Co., Ltd. 6,155 21,804 #* GNCO Co., Ltd. 25,842 48,159 Golfzon Co., Ltd. 1,619 73,449 # GOLFZONNEWDIN Co., Ltd. 9,692 48,700 Green Cross Corp. 418 68,740 Green Cross Holdings Corp. 2,457 72,032 #* GS Engineering & Construction Corp. 20,191 574,147 * GS Global Corp. 24,687 68,376 GS Holdings Corp. 32,533 2,192,955 GS Home Shopping, Inc. 929 195,362 GS Retail Co., Ltd. 5,907 255,397 Gwangju Shinsegae Co., Ltd. 188 41,228 * Halla Corp. 8,194 36,328 Halla Holdings Corp. 4,860 286,403 Han Kuk Carbon Co., Ltd. 16,749 89,699 Hana Financial Group, Inc. 50,573 2,307,486 #* Hana Micron, Inc. 11,094 50,234 Hana Tour Service, Inc. 3,641 277,119 Hancom, Inc. 5,785 82,671 Handok, Inc. 1,292 29,053 Handsome Co., Ltd. 8,222 265,241 Hanil Cement Co., Ltd. 1,951 216,015 #* Hanjin Heavy Industries & Construction Co., Ltd. 45,833 181,627 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) * Hanjin Heavy Industries & Construction Holdings Co., Ltd. 6,254 $ 31,728 * Hanjin Kal Corp. 18,235 383,192 * Hanjin P&C Co., Ltd. 9,434 18,635 Hanjin Transportation Co., Ltd. 5,352 150,955 * Hankook Cosmetics Co., Ltd. 3,668 50,733 Hankook Shell Oil Co., Ltd. 326 120,032 Hankook Tire Co., Ltd. 37,060 2,071,020 Hankuk Glass Industries, Inc. 192 5,297 Hankuk Paper Manufacturing Co., Ltd. 1,324 34,961 # Hanmi Semiconductor Co., Ltd. 23,935 180,602 HanmiGlobal Co., Ltd. 1,664 17,611 Hanon Systems 45,925 420,324 Hans Biomed Corp. 1,476 21,886 # Hansae Co., Ltd. 8,003 187,227 Hansae Yes24 Holdings Co., Ltd. 8,326 73,708 Hanshin Construction 3,594 65,352 # Hanshin Machinery Co. 11,420 44,698 Hansol Chemical Co., Ltd. 5,595 377,767 * Hansol Holdings Co., Ltd. 23,663 131,734 * Hansol HomeDeco Co., Ltd. 40,610 54,075 Hansol Logistics Co., Ltd. 1,921 4,155 Hansol Paper Co., Ltd. 11,350 192,713 #* Hansol SeenTec Co., Ltd. 24,127 26,949 * Hansol Technics Co., Ltd. 9,368 130,635 Hanssem Co., Ltd. 2,793 439,222 Hanwha Chemical Corp. 48,123 1,450,498 * Hanwha Galleria Timeworld Co., Ltd. 1,061 27,024 Hanwha General Insurance Co., Ltd. 25,348 227,634 * Hanwha Investment & Securities Co., Ltd. 70,579 231,878 Hanwha Life Insurance Co., Ltd. 71,810 484,524 Hanyang Eng Co., Ltd. 3,505 40,841 Hanyang Securities Co., Ltd. 5,181 37,922 Harim Co., Ltd. 15,034 61,383 Harim Holdings Co., Ltd. 23,812 88,763 # HB Technology Co., Ltd. 28,748 120,627 # Heung-A Shipping Co., Ltd. 68,767 81,469 * Heungkuk Fire & Marine Insurance Co., Ltd. 13,322 79,156 High Tech Pharm Co., Ltd. 2,570 28,590 HMC Investment Securities Co., Ltd. 10,101 107,416 #* Homecast Co., Ltd. 6,699 54,081 Hotel Shilla Co., Ltd. 6,154 356,915 HS Industries Co., Ltd. 14,873 125,333 HS R&A Co., Ltd. 24,330 64,226 Huchems Fine Chemical Corp. 7,590 169,164 * Hugel, Inc. 177 91,938 Humax Co., Ltd. 10,256 98,965 Humedix Co., Ltd. 1,593 42,367 Huons Global Co., Ltd. 4,103 127,770 Huvis Corp. 8,020 58,424 Huvitz Co., Ltd. 1,959 22,757 Hwa Shin Co., Ltd. 11,649 59,938 Hwangkum Steel & Technology Co., Ltd. 3,172 25,859 HwaSung Industrial Co., Ltd. 4,660 63,293 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Hy-Lok Corp. 4,266 $ 87,850 Hyosung Corp. 11,655 1,744,757 Hyundai BNG Steel Co., Ltd. 4,392 50,422 Hyundai C&F, Inc. 3,086 40,678 * Hyundai Cement Co. 142 3,145 * Hyundai Construction Equipment Co., Ltd. 404 132,455 Hyundai Corp. 4,152 75,488 Hyundai Department Store Co., Ltd. 6,795 674,126 Hyundai Development Co-Engineering & Construction 20,942 797,706 * Hyundai Electric & Energy System Co., Ltd. 419 121,214 Hyundai Engineering & Construction Co., Ltd. 30,816 1,246,275 Hyundai Engineering Plastics Co., Ltd. 9,569 59,452 Hyundai Glovis Co., Ltd. 6,100 855,933 Hyundai Greenfood Co., Ltd. 13,827 225,865 * Hyundai Heavy Industries Co., Ltd. 6,394 996,281 Hyundai Home Shopping Network Corp. 1,319 162,579 Hyundai Hy Communications & Networks Co., Ltd. 14,610 54,574 # Hyundai Livart Furniture Co., Ltd. 6,911 156,180 Hyundai Marine & Fire Insurance Co., Ltd. 34,380 1,394,834 * Hyundai Merchant Marine Co., Ltd. 3,661 25,483 #* Hyundai Mipo Dockyard Co., Ltd. 5,786 555,406 Hyundai Mobis Co., Ltd. 11,397 2,504,686 * Hyundai Robotics Co., Ltd. 1,359 534,823 #* Hyundai Rotem Co., Ltd. 8,979 150,429 Hyundai Steel Co. 25,981 1,454,581 # Hyundai Wia Corp. 7,621 470,033 HyVision System, Inc. 2,485 28,538 I Controls, Inc. 442 11,738 i-Components Co., Ltd. 1,634 10,805 i-SENS, Inc. 2,125 51,648 I3System, Inc. 1,104 24,912 * iA, Inc. 9,777 31,606 # ICD Co., Ltd. 3,057 39,162 #* IHQ, Inc. 38,673 72,215 #* Iljin Display Co., Ltd. 13,112 91,965 Iljin Electric Co., Ltd. 9,122 36,791 Iljin Holdings Co., Ltd. 12,691 65,478 #* Iljin Materials Co., Ltd. 2,416 80,871 Ilshin Spinning Co., Ltd. 744 80,803 #* IM Co., Ltd. 6,519 25,493 iMarketKorea, Inc. 8,616 98,150 InBody Co., Ltd. 6,392 167,284 Industrial Bank of Korea 63,524 877,526 #* Infinitt Healthcare Co., Ltd. 5,114 30,799 #* Infraware, Inc. 9,605 13,256 * INITECH Co., Ltd. 2,310 15,594 #* InkTec Co., Ltd. 2,097 10,790 Innocean Worldwide, Inc. 978 59,676 * InnoWireless, Inc. 1,034 13,260 #* Innox Advanced Materials Co., Ltd. 3,223 196,420 #* Innox Corp. 1,386 27,024 #* Insun ENT Co., Ltd. 10,668 76,991 Intelligent Digital Integrated Security Co., Ltd. 2,551 18,475 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) * Interflex Co., Ltd. 1,912 $ 58,943 Interojo Co., Ltd. 3,317 105,961 Interpark Corp. 4,000 34,436 Interpark Holdings Corp. 25,238 129,232 INTOPS Co., Ltd. 7,188 75,375 * INVENIA Co., Ltd. 4,785 23,039 Inzi Controls Co., Ltd. 2,210 10,084 INZI Display Co., Ltd. 5,255 8,848 * Iones Co., Ltd. 3,111 47,201 IS Dongseo Co., Ltd. 7,646 283,600 ISC Co., Ltd. 1,534 35,115 # ISU Chemical Co., Ltd. 7,276 116,440 IsuPetasys Co., Ltd. 15,340 59,322 J.ESTINA Co., Ltd. 1,768 9,728 Jahwa Electronics Co., Ltd. 5,727 95,494 JASTECH, Ltd. 2,047 35,030 JB Financial Group Co., Ltd. 58,357 361,534 # JC Hyun System, Inc. 3,546 19,180 * Jcontentree Corp. 17,321 66,404 Jeju Air Co., Ltd. 2,354 75,217 Jinsung T.E.C. 1,807 14,935 JLS Co., Ltd. 2,201 14,569 * JoyCity Corp. 1,434 18,010 * Jusung Engineering Co., Ltd. 16,450 239,448 JVM Co., Ltd. 1,013 51,844 * JYP Entertainment Corp. 6,632 42,066 Kakao Corp. 3,860 413,474 Kangnam Jevisco Co., Ltd. 1,835 66,410 KAON Media Co., Ltd. 4,949 52,396 KB Financial Group, Inc. 15,034 799,387 KB Financial Group, Inc. ADR 47,792 2,542,534 KC Cottrell Co., Ltd. 626 2,874 KC Green Holdings Co., Ltd. 5,270 29,145 KC Tech Co., Ltd. 8,259 175,252 KCC Corp. 2,224 866,761 KCC Engineering & Construction Co., Ltd. 4,872 46,997 * KEC Corp. 29,944 25,848 # KEPCO Engineering & Construction Co., Inc. 2,835 48,000 # KEPCO Plant Service & Engineering Co., Ltd. 5,542 222,834 Keyang Electric Machinery Co., Ltd. 9,581 41,182 #* KEYEAST Co., Ltd. 36,566 70,585 KG Chemical Corp. 4,307 60,105 KG Eco Technology Service Co., Ltd. 10,678 43,005 Kginicis Co., Ltd. 3,619 41,873 KGMobilians Co., Ltd. 6,433 42,654 KH Vatec Co., Ltd. 6,900 51,301 KISCO Corp. 2,640 102,030 KISCO Holdings Co., Ltd. 755 50,795 Kishin Corp. 757 3,193 KISWIRE, Ltd. 3,350 117,894 KIWOOM Securities Co., Ltd. 4,843 367,578 * KleanNara Co., Ltd. 7,623 34,065 * KMH Co., Ltd. 4,639 43,114 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) # Kocom Co., Ltd. 2,691 $ 20,091 Kodaco Co., Ltd. 13,311 42,040 Koentec Co., Ltd. 21,275 91,634 Koh Young Technology, Inc. 4,143 237,596 Kolao Holdings 12,093 59,788 Kolmar BNH Co., Ltd. 629 11,496 Kolon Corp. 2,891 159,921 Kolon Global Corp. 2,640 29,986 Kolon Industries, Inc. 6,977 409,518 # Kolon Life Science, Inc. 908 96,154 Kolon Plastic, Inc. 3,778 23,012 * Komipharm International Co., Ltd. 2,471 89,450 * KONA I Co., Ltd. 6,921 81,055 Kopla Co., Ltd. 3,804 21,104 Korea Autoglass Corp. 2,248 42,039 Korea Cast Iron Pipe Industries Co., Ltd. 1,683 15,565 Korea Circuit Co., Ltd. 7,389 88,729 Korea District Heating Corp. 1,606 111,119 Korea Electric Power Corp. 14,670 584,864 Korea Electric Power Corp. Sponsored ADR 56,037 1,124,663 Korea Electric Terminal Co., Ltd. 2,497 157,505 Korea Electronic Certification Authority, Inc. 4,271 24,106 Korea Electronic Power Industrial Development Co., Ltd. 5,312 21,600 Korea Flange Co., Ltd. 2,351 28,232 Korea Fuel-Tech Corp. 5,048 21,587 * Korea Gas Corp. 9,730 436,456 * Korea Information & Communications Co, Ltd. 5,708 58,422 Korea Information Certificate Authority, Inc. 3,853 19,497 Korea Investment Holdings Co., Ltd. 12,814 815,326 # Korea Kolmar Co., Ltd. 5,075 321,961 Korea Kolmar Holdings Co., Ltd. 1,931 51,705 * Korea Line Corp. 7,251 209,152 * Korea Materials & Analysis Corp. 983 17,162 Korea Petrochemical Ind Co., Ltd. 1,504 346,915 Korea United Pharm, Inc. 2,571 46,306 Korea Zinc Co., Ltd. 2,033 896,263 * Korean Air Lines Co., Ltd. 22,311 708,498 Korean Reinsurance Co. 41,224 475,236 Kortek Corp. 6,043 75,613 KPX Chemical Co., Ltd. 1,574 100,148 * KSCB Co., Ltd. 5,499 23,890 Ksign Co., Ltd. 12,339 19,739 KSS LINE, Ltd. 4,137 36,211 KT Corp. Sponsored ADR 12,498 227,339 * KT Hitel Co., Ltd. 7,684 45,558 KT Skylife Co., Ltd. 13,076 195,130 KT Submarine Co., Ltd. 5,549 22,613 * KTB Investment & Securities Co., Ltd. 28,137 90,187 KTCS Corp. 12,528 26,709 Ktis Corp. 11,445 33,179 Kukdo Chemical Co., Ltd. 1,792 91,585 Kukdong Oil & Chemicals Co., Ltd. 5,050 15,409 * Kumho Electric Co., Ltd. 1,900 16,889 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) Kumho Industrial Co., Ltd. 4,694 $ 47,418 # Kumho Petrochemical Co., Ltd. 6,474 436,444 #* Kumho Tire Co., Inc. 45,837 309,118 Kumkang Kind Co., Ltd. 1,390 46,807 Kwang Dong Pharmaceutical Co., Ltd. 15,633 117,706 #* Kwang Myung Electric Co., Ltd. 18,333 40,765 Kwangju Bank Co., Ltd. 14,177 175,468 * Kyeryong Construction Industrial Co., Ltd. 1,581 25,263 Kyobo Securities Co., Ltd. 11,174 104,868 Kyongbo Pharmaceutical Co., Ltd. 4,877 55,360 Kyung Dong Navien Co., Ltd. 2,382 75,324 Kyung-In Synthetic Corp. 11,914 42,297 Kyungbang, Ltd. 5,609 81,712 Kyungchang Industrial Co., Ltd. 7,192 31,531 * KyungDong City Gas Co., Ltd. 802 36,315 KyungDong Invest Co., Ltd. 487 23,150 Kyungdong Pharm Co., Ltd. 3,086 52,950 L&F Co., Ltd. 1,062 25,578 #* LB Semicon, Inc. 16,693 41,594 LEADCORP, Inc. (The) 9,025 60,974 #* Leaders Cosmetics Co., Ltd. 7,280 94,971 LEENO Industrial, Inc. 4,085 180,959 Leenos Corp. 6,795 18,771 LF Corp. 12,615 353,536 LG Chem, Ltd. 12,983 3,806,302 # LG Display Co., Ltd. 39,212 1,106,469 # LG Display Co., Ltd. ADR 172,648 2,456,781 LG Hausys, Ltd. 3,869 380,243 # LG Household & Health Care, Ltd. 1,796 1,590,436 LG Innotek Co., Ltd. 4,711 630,873 LG International Corp. 11,945 313,819 LG Uplus Corp. 108,252 1,609,310 Lion Chemtech Co., Ltd. 2,446 32,239 * LIS Co., Ltd. 2,556 29,475 * Liveplex Co., Ltd. 19,056 14,949 LMS Co., Ltd. 3,047 31,823 Lock & Lock Co., Ltd. 9,229 110,941 Loen Entertainment, Inc. 2,962 237,204 Lotte Chemical Corp. 7,011 2,308,270 Lotte Confectionery Co., Ltd. 1,731 314,824 LOTTE Fine Chemical Co., Ltd. 7,369 284,623 Lotte Food Co., Ltd. 299 166,796 LOTTE Himart Co., Ltd. 5,413 336,655 Lotte Non-Life Insurance Co., Ltd. 39,836 109,638 Lotte Shopping Co., Ltd. 2,426 569,862 LS Corp. 9,430 708,845 * Lumens Co., Ltd. 19,933 72,284 # Macquarie Korea Infrastructure Fund 104,656 790,274 * Macrogen, Inc. 2,610 54,231 * Maeil Dairies Co., Ltd. 1,083 72,946 Maeil Holdings Co., Ltd. 972 20,805 # Mando Corp. 3,990 914,705 MDS Technology Co., Ltd. 1,077 20,096 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) Medy-Tox, Inc. 1,463 $ 772,667 MegaStudy Co., Ltd. 1,272 34,320 MegaStudyEdu Co., Ltd. 693 21,842 * Melfas, Inc. 5,636 22,809 Meritz Financial Group, Inc. 20,646 280,426 Meritz Fire & Marine Insurance Co., Ltd. 33,955 717,413 Meritz Securities Co., Ltd. 119,333 555,454 META BIOMED Co., Ltd. 6,026 18,289 * Mgame Corp. 5,065 18,936 Mi Chang Oil Industrial Co., Ltd. 218 17,453 * MiCo, Ltd. 17,220 64,327 Minwise Co., Ltd. 4,370 79,456 Mirae Asset Daewoo Co., Ltd. 71,209 690,762 Mirae Asset Life Insurance Co., Ltd. 34,218 160,601 Miwon Holdings Co., Ltd. 222 14,803 * Miwon Specialty Chemical Co., Ltd. 617 33,710 MK Electron Co., Ltd. 8,625 86,270 * MNTech Co., Ltd. 8,025 50,809 Mobase Co., Ltd. 6,276 44,443 * Moda-InnoChips Co., Ltd. 2,027 14,767 Modetour Network, Inc. 5,351 137,577 # Monalisa Co., Ltd. 4,836 20,287 Moorim P&P Co., Ltd. 11,756 49,281 * Moorim Paper Co., Ltd. 10,302 25,140 Motonic Corp. 4,147 36,672 * MPK Group, Inc. 9,820 11,540 Multicampus Co., Ltd. 719 24,174 # Myungmoon Pharm Co., Ltd. 7,920 40,031 Namhae Chemical Corp. 8,171 71,256 * Namsun Aluminum Co., Ltd. 38,782 42,463 Namyang Dairy Products Co., Ltd. 148 96,810 * Nanos Co., Ltd. 730 8,285 Nasmedia Co., Ltd. 636 31,815 NAVER Corp. 5,308 3,811,284 NCSoft Corp. 2,677 863,454 NeoPharm Co., Ltd. 1,818 51,913 * Neowiz 11,610 125,010 * NEOWIZ HOLDINGS Corp. 4,760 65,242 * NEPES Corp. 10,486 95,448 Nexen Corp. 12,603 99,436 Nexen Tire Corp. 18,210 216,454 * Nexon GT Co., Ltd. 5,925 37,827 # Nexturn Co., Ltd. 2,499 35,739 NH Investment & Securities Co., Ltd. 50,784 642,366 * NHN Entertainment Corp. 6,103 418,254 * NHN KCP Corp. 5,049 83,849 NICE Holdings Co., Ltd. 9,254 136,883 Nice Information & Telecommunication, Inc. 3,127 68,466 NICE Information Service Co., Ltd. 21,377 174,993 NICE Total Cash Management Co., Ltd. 6,548 61,434 #* NK Co., Ltd. 30,243 29,190 Nong Shim Holdings Co., Ltd. 1,109 108,495 * Nong Woo Bio Co., Ltd. 2,138 28,188 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) NongShim Co., Ltd. 945 $ 269,725 Noroo Holdings Co., Ltd. 1,493 20,100 NOROO Paint & Coatings Co., Ltd. 3,900 30,452 NPC 363 2,073 NS Shopping Co., Ltd. 8,130 121,317 * Nuri Telecom Co., Ltd. 2,366 18,352 #* NUTRIBIOTECH Co., Ltd. 4,988 98,282 # OCI Co., Ltd. 6,394 527,398 #* Omnisystem Co., Ltd. 14,815 31,583 Openbase, Inc. 5,948 24,953 Opto Device Technology Co., Ltd. 2,534 17,396 #* OPTRON-TEC, Inc. 5,461 41,941 #* Orion Corp. 9,442 692,707 Orion Holdings Corp. 4,907 121,023 * Osstem Implant Co., Ltd. 5,832 313,437 Ottogi Corp. 253 177,043 * Pan Ocean Co., Ltd. 70,864 368,969 #* Pan-Pacific Co., Ltd. 13,908 48,923 #* PaperCorea, Inc. 71,965 19,363 Partron Co., Ltd. 24,213 183,706 #* Paru Co., Ltd. 17,028 100,005 PHARMA RESEARCH PRODUCTS Co., Ltd. 787 26,236 Poongsan Holdings Corp. 1,245 63,857 Posco M-Tech Co., Ltd. 17,041 39,149 * Power Logics Co., Ltd. 15,967 66,745 * Prostemics Co., Ltd. 5,940 16,666 Protec Co., Ltd. 850 11,875 PSK, Inc. 6,963 134,161 Pulmuone Co., Ltd. 425 47,278 Pyeong Hwa Automotive Co., Ltd. 7,337 94,053 * RaonSecure Co., Ltd. 7,628 20,085 #* Redrover Co., Ltd. 10,163 53,059 Reyon Pharmaceutical Co., Ltd. 720 17,712 RFsemi Technologies, Inc. 3,027 17,613 #* RFTech Co., Ltd. 7,978 38,576 Robostar Co., Ltd. 2,792 54,152 * S Net Systems, Inc. 4,731 23,519 * S&S Tech Corp. 5,602 30,951 * S&T Corp. 669 10,460 S&T Holdings Co., Ltd. 4,012 59,200 # S&T Motiv Co., Ltd. 3,675 174,495 S-1 Corp. 6,246 514,658 * S-Connect Co., Ltd. 26,402 52,256 S-Energy Co., Ltd. 3,611 29,466 #* S-MAC Co., Ltd. 30,774 25,961 S-Oil Corp. 13,895 1,447,419 # S.Y. Panel Co., Ltd. 2,999 24,884 Sajo Industries Co., Ltd. 1,431 97,831 * Sajodongaone Co., Ltd. 8,260 12,108 * SAJOHAEPYO Corp. 466 5,081 Sam Young Electronics Co., Ltd. 6,567 80,670 Sam Yung Trading Co., Ltd. 3,578 60,504 Samchully Co., Ltd. 1,080 110,501 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SOUTH KOREA -- (Continued) Samchuly Bicycle Co., Ltd. 2,908 $ 27,293 Samho Development Co., Ltd. 9,006 40,369 * Samho International Co., Ltd. 2,508 45,144 SAMHWA Paints Industrial Co., Ltd. 4,936 38,872 Samick Musical Instruments Co., Ltd. 25,018 43,359 # Samick THK Co., Ltd. 4,280 84,313 #* Samji Electronics Co., Ltd. 5,823 43,077 Samjin Pharmaceutical Co., Ltd. 4,553 135,894 Samkee Automotive Co., Ltd. 7,024 22,978 Samkwang Glass 1,119 56,512 Sammok S-Form Co., Ltd. 5,311 65,182 * SAMPYO Cement Co., Ltd. 7,470 25,768 Samsung C&T Corp. 9,126 1,133,308 Samsung Card Co., Ltd. 10,026 355,547 Samsung Electro-Mechanics Co., Ltd. 19,354 1,616,311 Samsung Electronics Co., Ltd. 16,836 36,205,459 * Samsung Electronics Co., Ltd. GDR 16,921 18,240,692 #* Samsung Engineering Co., Ltd. 27,379 249,467 Samsung Fire & Marine Insurance Co., Ltd. 7,558 1,971,836 * Samsung Heavy Industries Co., Ltd. 72,254 723,083 Samsung Life Insurance Co., Ltd. 10,119 1,134,799 Samsung SDI Co., Ltd. 10,257 1,541,234 Samsung SDS Co., Ltd. 5,425 866,747 Samsung Securities Co., Ltd. 24,263 879,493 SAMT Co., Ltd. 28,486 57,064 # Samwha Capacitor Co., Ltd. 4,575 87,854 Samyang Corp. 1,191 108,082 Samyang Foods Co., Ltd. 756 32,995 Samyang Holdings Corp. 1,748 179,675 Samyang Tongsang Co., Ltd. 1,031 45,680 * Samyoung Chemical Co., Ltd. 6,670 8,790 * Sangbo Corp. 7,260 15,242 Sangsin Brake 3,903 24,030 SaraminHR Co, Ltd. 1,626 27,320 SBS Contents Hub Co., Ltd. 1,410 11,479 SBS Media Holdings Co., Ltd. 31,737 86,097 #* SBW 50,982 63,117 Seah Besteel Corp. 8,346 259,833 SeAH Holdings Corp. 419 60,303 SeAH Steel Corp. 1,827 158,726 Sebang Co., Ltd. 6,087 80,795 Sebang Global Battery Co., Ltd. 4,466 154,716 * Seegene, Inc. 1,896 49,373 Sejong Industrial Co., Ltd. 6,842 52,279 * Sejong Telecom, Inc. 27,873 18,115 Sekonix Co., Ltd. 5,092 72,518 Sempio Co. 345 11,177 Sempio Foods Co. 730 25,167 # Seobu T&D 5,437 79,141 Seohan Co., Ltd. 55,168 124,069 Seohee Construction Co., Ltd. 97,637 109,575 Seoul Auction Co., Ltd. 1,819 13,500 Seoul Semiconductor Co., Ltd. 19,392 360,297 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) SEOWONINTECH Co., Ltd. 4,409 $ 47,888 Seoyon Co., Ltd. 6,326 55,708 * Sewon Cellontech Co., Ltd. 20,901 49,685 Sewon Precision Industry Co., Ltd. 1,917 28,268 SEWOONMEDICAL Co., Ltd. 10,144 33,368 SFA Engineering Corp. 8,935 299,736 * SFA Semicon Co., Ltd. 35,604 95,386 #* SG Corp. 77,870 70,971 * SG&G Corp. 11,339 38,708 * SGA Co., Ltd. 20,933 18,813 SH Energy & Chemical Co., Ltd. 45,156 58,548 Shinhan Financial Group Co., Ltd. 39,159 1,861,108 Shinhan Financial Group Co., Ltd. ADR 20,352 967,127 Shinsegae Engineering & Construction Co., Ltd. 2,043 59,045 Shinsegae Food Co., Ltd. 195 25,459 Shinsegae Information & Communication Co., Ltd. 917 67,563 Shinsegae International, Inc. 1,004 60,748 # Shinsegae, Inc. 2,926 621,824 * Shinsung Tongsang Co., Ltd. 52,297 46,419 Shinwha Intertek Corp. 14,111 39,247 * Shinwon Corp. 11,194 19,120 Shinyoung Securities Co., Ltd. 1,713 90,458 # SHOWBOX Corp. 13,350 75,752 * Signetics Corp. 34,301 42,464 * SIGONG TECH Co., Ltd. 6,507 39,185 Silicon Works Co., Ltd. 4,713 149,985 Silla Co., Ltd. 3,715 47,468 SIMMTECH Co., Ltd. 7,565 70,220 * SIMMTECH HOLDINGS Co., Ltd. 7,120 17,887 SIMPAC, Inc. 9,760 40,391 Sindoh Co., Ltd. 2,224 114,544 SJM Co., Ltd. 3,600 18,691 SK Bioland Co., Ltd. 2,817 41,022 SK Chemicals Co., Ltd. 5,564 340,425 SK D&D Co., Ltd. 783 23,965 SK Gas, Ltd. 2,608 267,993 SK Holdings Co., Ltd. 15,617 3,787,813 SK Hynix, Inc. 189,009 11,112,282 SK Innovation Co., Ltd. 17,587 2,775,684 SK Materials Co., Ltd. 2,534 417,893 SK Networks Co., Ltd. 48,541 274,593 * SK Securities Co., Ltd. 142,628 165,084 SK Telecom Co., Ltd. 3,393 838,925 SKC Co., Ltd. 13,726 444,295 * SKC Solmics Co., Ltd. 13,722 55,204 SKCKOLONPI, Inc. 5,700 138,759 SL Corp. 7,580 150,643 * SM Culture & Contents Co., Ltd. 11,580 29,742 * SM Entertainment Co. 8,156 215,674 # SMEC Co., Ltd. 10,746 37,525 #* SNU Precision Co., Ltd. 5,420 23,457 #* Solborn, Inc. 6,999 33,203 #* Solid, Inc. 9,205 18,948 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- SOUTH KOREA -- (Continued) Songwon Industrial Co., Ltd. 9,862 $179,810 #* Sonokong Co., Ltd. 10,438 42,224 # Soulbrain Co., Ltd. 6,239 381,830 SPC Samlip Co., Ltd. 861 126,973 Spigen Korea Co., Ltd. 1,625 58,073 Ssangyong Cement Industrial Co., Ltd. 9,493 121,649 * Ssangyong Information & Communication 2,655 5,008 Suheung Co., Ltd. 1,935 60,263 Sun Kwang Co., Ltd. 717 11,693 Sunchang Corp. 4,035 35,745 * SundayToz Corp. 1,704 27,642 Sung Kwang Bend Co., Ltd. 11,782 104,150 # Sungchang Enterprise Holdings, Ltd. 30,377 78,492 Sungdo Engineering & Construction Co., Ltd. 1,381 8,269 * Sungshin Cement Co., Ltd. 7,455 49,315 Sungwoo Hitech Co., Ltd. 22,075 140,811 # Sunjin Co., Ltd. 3,897 64,764 * Suprema HQ, Inc. 1,525 9,952 * Suprema, Inc. 1,413 31,788 * Synopex, Inc. 28,253 52,198 Systems Technology, Inc. 3,962 63,589 Taekwang Industrial Co., Ltd. 263 290,193 * Taewoong Co., Ltd. 5,397 110,116 * Taeyoung Engineering & Construction Co., Ltd. 21,492 177,036 * Taihan Electric Wire Co., Ltd. 11,347 12,632 * Taihan Textile Co., Ltd. 189 14,231 * TBH Global Co., Ltd. 5,524 52,757 # TechWing, Inc. 7,678 97,064 Tera Semicon Co., Ltd. 1,830 52,246 TES Co., Ltd. 5,140 136,959 * Texcell-NetCom Co., Ltd. 17,235 151,152 * Thinkware Systems Corp. 2,041 20,873 * TK Chemical Corp. 26,714 52,930 TK Corp. 8,295 71,208 Tokai Carbon Korea Co., Ltd. 2,655 117,658 Tongyang Life Insurance Co., Ltd. 21,287 185,119 Tongyang, Inc. 107,304 214,066 # Tonymoly Co., Ltd. 1,924 31,739 Top Engineering Co., Ltd. 7,182 43,572 Toptec Co., Ltd. 8,530 220,660 Tovis Co., Ltd. 8,227 65,856 TS Corp. 1,940 45,666 UBCare Co., Ltd. 11,292 34,410 Ubiquoss Holdings, Inc. 7,235 41,527 * Ubiquoss, Inc. 1,088 19,499 * Ubivelox, Inc. 1,255 12,641 #* Ugint Co., Ltd. 125,511 34,114 Uju Electronics Co., Ltd. 3,162 41,798 Unid Co., Ltd. 2,834 129,271 Union Semiconductor Equipment & Materials Co., Ltd. 5,782 35,934 Uniquest Corp. 5,700 38,272 # UniTest, Inc. 5,461 57,978 Value Added Technologies Co., Ltd. 3,642 100,868 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) # Viatron Technologies, Inc. 6,685 $ 131,354 Vieworks Co., Ltd. 3,379 147,972 # Visang Education, Inc. 4,557 53,139 Vitzrocell Co., Ltd. 3,648 47,269 * Webzen, Inc. 7,445 115,038 WeMade Entertainment Co., Ltd. 3,272 95,124 Whanin Pharmaceutical Co., Ltd. 5,777 101,917 #* WillBes & Co. (The) 23,314 43,519 Winix, Inc. 2,076 20,308 Wins Co., Ltd. 1,654 18,751 # WiSoL Co., Ltd. 11,009 139,572 * WIZIT Co., Ltd. 9,117 8,469 * WONIK CUBE Corp. 3,316 6,655 * Wonik Holdings Co., Ltd. 20,258 155,433 * WONIK IPS Co., Ltd. 15,235 444,049 * Wonik Materials Co., Ltd. 810 55,929 * Wonik QnC Corp. 4,724 49,922 * Woongjin Co., Ltd. 30,748 61,835 #* Woongjin Energy Co., Ltd. 6,224 44,768 * Woongjin Thinkbig Co., Ltd. 16,549 105,692 Woori Bank 80,116 1,368,306 # Woori Bank Sponsored ADR 3,029 155,267 #* Woori Investment Bank Co., Ltd. 51,594 32,426 Woory Industrial Co., Ltd. 2,180 64,189 Wooshin Systems Co., Ltd. 3,572 22,529 WooSung Feed Co., Ltd. 7,257 19,911 Y G-1 Co., Ltd. 5,966 62,096 * YD Online Corp. 12,367 48,151 * YeaRimDang Publishing Co., Ltd. 5,740 49,654 YESCO Co., Ltd. 939 32,141 YG Entertainment, Inc. 2,213 58,318 * Yonwoo Co., Ltd. 401 9,779 Yoosung Enterprise Co., Ltd. 10,361 37,768 YooSung T&S Co., Ltd. 7,040 26,801 Youlchon Chemical Co., Ltd. 5,081 62,886 Young Poong Corp. 134 148,250 Young Poong Precision Corp. 6,555 55,009 # Youngone Corp. 5,680 166,410 Youngone Holdings Co., Ltd. 3,338 160,406 * YoungWoo DSP Co., Ltd. 5,422 37,171 * Yuanta Securities Korea Co., Ltd. 49,232 170,745 #* Yungjin Pharmaceutical Co., Ltd. 11,976 102,515 * Yuyang DNU Co., Ltd. 7,626 26,020 Zeus Co., Ltd. 3,176 48,549 ------------ TOTAL SOUTH KOREA 224,652,441 ------------ TAIWAN -- (15.6%) A-DATA Technology Co., Ltd. 104,605 266,446 Ability Enterprise Co., Ltd. 166,508 104,230 AcBel Polytech, Inc. 177,685 136,774 Accton Technology Corp. 179,858 479,155 # Acer, Inc. 1,082,287 531,827 ACES Electronic Co., Ltd. 56,000 51,862 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Achem Technology Corp. 93,526 $ 31,598 * Acme Electronics Corp. 26,000 8,497 Acter Co., Ltd. 13,000 83,693 * Action Electronics Co., Ltd. 103,000 26,027 Actron Technology Corp. 33,000 116,782 Addcn Technology Co., Ltd. 4,000 33,509 Adlink Technology, Inc. 38,814 82,430 Advanced Ceramic X Corp. 17,000 207,092 * Advanced Connectek, Inc. 122,000 41,991 Advanced International Multitech Co., Ltd. 61,000 71,395 # Advanced Optoelectronic Technology, Inc. 49,000 56,202 # Advanced Semiconductor Engineering, Inc. 1,565,179 2,099,902 Advanced Semiconductor Engineering, Inc. ADR 165,684 1,091,858 Advanced Wireless Semiconductor Co. 71,000 160,861 Advancetek Enterprise Co., Ltd. 96,335 66,505 Advantech Co., Ltd. 66,607 503,848 * AGV Products Corp. 288,172 74,151 * Airmate Cayman International Co., Ltd. 34,000 33,414 Airtac International Group 36,450 493,038 Alchip Technologies, Ltd. 23,000 60,740 Alcor Micro Corp. 17,000 10,185 * ALI Corp. 174,000 118,274 All Ring Tech Co., Ltd. 37,000 70,525 Alltek Technology Corp. 28,014 23,931 Alltop Technology Co., Ltd. 28,000 69,349 Alpha Networks, Inc. 130,500 106,713 # Altek Corp. 151,727 132,220 Amazing Microelectronic Corp. 25,440 83,885 Ambassador Hotel (The) 50,000 38,661 AMPOC Far-East Co., Ltd. 31,000 25,719 AmTRAN Technology Co., Ltd. 459,907 296,201 Anpec Electronics Corp. 45,454 71,825 AP Memory Technology Corp. 5,000 12,170 Apacer Technology, Inc. 55,506 74,543 APCB, Inc. 70,000 73,123 Apex Biotechnology Corp. 35,477 40,765 Apex International Co., Ltd. 51,300 43,670 Apex Medical Corp. 35,000 34,894 Apex Science & Engineering 68,848 20,047 Arcadyan Technology Corp. 71,859 111,985 Ardentec Corp. 201,411 186,504 * Arima Communications Corp. 106,087 15,073 Asia Cement Corp. 857,696 758,034 # Asia Optical Co., Inc. 132,000 310,685 * Asia Pacific Telecom Co., Ltd. 649,000 230,014 Asia Plastic Recycling Holding, Ltd. 119,784 54,946 Asia Polymer Corp. 199,460 120,937 Asia Vital Components Co., Ltd. 174,278 152,722 ASMedia Technology, Inc. 6,000 78,469 ASPEED Technology, Inc. 9,599 222,492 ASROCK, Inc. 20,000 47,673 Asustek Computer, Inc. 137,996 1,283,405 Aten International Co., Ltd. 44,000 113,916 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) # AU Optronics Corp. 4,171,000 $1,688,538 # AU Optronics Corp. Sponsored ADR 78,775 316,676 Audix Corp. 52,800 67,465 AURAS Technology Co., Ltd. 37,000 101,700 Aurona Industries, Inc. 19,000 16,598 Aurora Corp. 33,693 65,474 Avalue Technology, Inc. 19,000 32,205 Avermedia Technologies 103,690 36,226 * Avision, Inc. 64,693 14,300 AVY Precision Technology, Inc. 37,060 65,768 Awea Mechantronic Co., Ltd. 13,230 13,740 Axiomtek Co., Ltd. 18,000 32,879 Bank of Kaohsiung Co., Ltd. 201,835 68,510 Basso Industry Corp. 53,000 144,440 BenQ Materials Corp. 87,000 47,531 BES Engineering Corp. 893,000 192,617 Bionime Corp. 13,000 26,461 * Biostar Microtech International Corp. 132,000 72,642 Bioteque Corp. 31,010 87,335 Bizlink Holding, Inc. 45,019 335,288 Boardtek Electronics Corp. 87,000 78,595 Bon Fame Co., Ltd. 7,000 22,521 Bothhand Enterprise, Inc. 23,000 45,473 Bright Led Electronics Corp. 76,100 37,663 #* Browave Corp. 35,000 52,386 C Sun Manufacturing, Ltd. 68,000 46,495 * Cameo Communications, Inc. 113,000 31,381 Capital Futures Corp. 15,000 18,404 Capital Securities Corp. 944,731 310,659 Career Technology MFG. Co., Ltd. 189,000 125,583 * Carnival Industrial Corp. 65,000 10,349 # Casetek Holdings, Ltd. 72,000 227,431 Catcher Technology Co., Ltd. 270,509 3,108,934 Cathay Financial Holding Co., Ltd. 1,112,125 1,812,080 Cathay Real Estate Development Co., Ltd. 335,300 192,628 Cayman Engley Industrial Co., Ltd. 12,000 67,320 * Center Laboratories, Inc. 36,000 70,453 Chailease Holding Co., Ltd. 436,000 1,253,396 ChainQui Construction Development Co., Ltd. 48,000 30,371 * Champion Building Materials Co., Ltd. 168,000 41,070 Champion Microelectronic Corp. 14,000 21,659 Chang Hwa Commercial Bank, Ltd. 1,039,110 609,156 Chang Wah Electromaterials, Inc. 15,524 70,720 Channel Well Technology Co., Ltd. 54,000 47,126 Chant Sincere Co., Ltd. 16,000 19,593 Charoen Pokphand Enterprise 106,160 242,330 Chaun-Choung Technology Corp. 35,000 146,544 CHC Healthcare Group 11,000 15,065 CHC Resources Corp. 27,618 47,569 Chen Full International Co., Ltd. 46,000 80,100 Chenbro Micom Co., Ltd. 37,000 63,333 Cheng Loong Corp. 444,480 233,316 # Cheng Shin Rubber Industry Co., Ltd. 589,808 1,192,989 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Cheng Uei Precision Industry Co., Ltd. 250,159 $ 339,304 Chenming Mold Industry Corp. 41,000 26,314 Chia Chang Co., Ltd. 89,000 72,068 Chia Hsin Cement Corp. 131,000 46,439 Chian Hsing Forging Industrial Co., Ltd. 18,000 43,630 Chicony Electronics Co., Ltd. 193,384 497,580 # Chicony Power Technology Co., Ltd. 73,365 150,368 Chien Kuo Construction Co., Ltd. 138,675 40,929 # Chilisin Electronics Corp. 73,724 184,223 Chime Ball Technology Co., Ltd. 9,449 20,589 #* Chimei Materials Technology Corp. 203,250 91,090 # Chin-Poon Industrial Co., Ltd. 182,113 359,528 China Airlines, Ltd. 1,484,062 456,078 China Bills Finance Corp. 176,000 87,135 China Chemical & Pharmaceutical Co., Ltd. 152,000 90,130 China Development Financial Holding Corp. 2,835,579 855,239 China Ecotek Corp. 10,000 13,745 * China Electric Manufacturing Corp. 103,000 27,244 China General Plastics Corp. 179,517 172,151 China Glaze Co., Ltd. 53,680 21,142 China Life Insurance Co., Ltd. 1,028,562 1,088,266 China Man-Made Fiber Corp. 626,200 184,531 China Metal Products 136,190 137,332 China Motor Corp. 211,000 182,316 #* China Petrochemical Development Corp. 1,380,092 575,926 China Steel Chemical Corp. 45,227 171,726 # China Steel Corp. 2,197,940 1,804,752 China Steel Structure Co., Ltd. 70,000 47,528 China Synthetic Rubber Corp. 286,681 324,344 China Wire & Cable Co., Ltd. 40,120 34,516 Chinese Maritime Transport, Ltd. 67,120 60,477 Chipbond Technology Corp. 354,000 583,111 ChipMOS TECHNOLOGIES, Inc. 45,000 44,228 ChipMOS TECHNOLOGIES, Inc. ADR 2,916 56,687 Chlitina Holding, Ltd. 20,000 85,166 Chong Hong Construction Co., Ltd. 58,361 138,572 Chroma ATE, Inc. 73,466 232,097 Chun YU Works & Co., Ltd. 122,000 57,353 Chun Yuan Steel 238,999 90,615 #* Chung Hung Steel Corp. 531,889 178,829 Chung Hwa Pulp Corp. 274,246 92,158 Chung-Hsin Electric & Machinery Manufacturing Corp. 212,000 148,792 Chunghwa Precision Test Tech Co., Ltd. 4,000 187,717 Chunghwa Telecom Co., Ltd. 261,800 884,936 # Chunghwa Telecom Co., Ltd. Sponsored ADR 35,415 1,197,735 Chyang Sheng Dyeing & Finishing Co., Ltd. 77,000 61,238 Cleanaway Co., Ltd. 31,000 178,124 Clevo Co. 253,869 226,871 * CMC Magnetics Corp. 1,061,642 136,308 * Co-Tech Development Corp. 41,000 67,089 CoAsia Microelectronics Corp. 71,946 36,111 Coland Holdings, Ltd. 22,000 29,215 Compal Electronics, Inc. 1,792,086 1,190,200 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) # Compeq Manufacturing Co., Ltd. 538,000 $ 495,964 Compucase Enterprise 36,000 55,935 Concord Securities Co., Ltd. 276,000 60,236 Concraft Holding Co., Ltd. 6,000 42,700 Continental Holdings Corp. 229,250 87,316 Contrel Technology Co., Ltd. 31,000 19,948 Coremax Corp. 12,000 31,974 Coretronic Corp. 250,600 317,025 Cowealth Medical Holding Co., Ltd. 6,000 7,995 Coxon Precise Industrial Co., Ltd. 59,000 54,343 Creative Sensor, Inc. 51,000 36,919 * CSBC Corp. 235,440 102,150 CTBC Financial Holding Co., Ltd. 3,106,612 1,995,900 CTCI Corp. 237,555 387,436 # Cub Elecparts, Inc. 18,024 223,943 CviLux Corp. 40,902 43,759 CX Technology Co., Ltd. 40,000 36,236 Cyberlink Corp. 40,356 84,773 CyberPower Systems, Inc. 24,000 75,307 CyberTAN Technology, Inc. 172,576 115,662 Cypress Technology Co., Ltd. 9,000 50,635 D-Link Corp. 419,148 154,611 DA CIN Construction Co., Ltd. 94,000 54,937 Da-Li Development Co., Ltd. 58,046 46,420 Dadi Early-Childhood Education Group, Ltd. 3,000 17,483 Dafeng TV, Ltd. 28,396 34,795 * Danen Technology Corp. 188,000 40,093 Darfon Electronics Corp. 109,000 92,552 Darwin Precisions Corp. 196,000 82,441 Daxin Materials Corp. 21,000 29,901 De Licacy Industrial Co. 106,594 101,276 # Delpha Construction Co., Ltd. 60,639 27,916 Delta Electronics, Inc. 353,940 1,880,696 Depo Auto Parts Ind Co., Ltd. 57,000 154,873 DFI, Inc. 29,460 48,385 Dimerco Express Corp. 60,000 42,706 Draytek Corp. 13,000 13,847 Dynacolor, Inc. 16,000 19,147 * Dynamic Electronics Co., Ltd. 146,006 57,290 Dynapack International Technology Corp. 75,000 97,304 E Ink Holdings, Inc. 483,000 516,379 E-Lead Electronic Co., Ltd. 39,000 36,619 E-LIFE MALL Corp. 30,000 61,008 * E-Ton Solar Tech Co., Ltd. 178,032 48,971 E.Sun Financial Holding Co., Ltd. 2,127,253 1,356,119 * Eastern Media International Corp. 278,406 80,390 # Eclat Textile Co., Ltd. 56,279 647,937 ECOVE Environment Corp. 13,000 72,319 Edimax Technology Co., Ltd. 138,044 46,836 * Edison Opto Corp. 54,000 24,512 Edom Technology Co., Ltd. 122,014 65,864 eGalax_eMPIA Technology, Inc. 21,909 35,667 Elan Microelectronics Corp. 131,370 198,865 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Elite Advanced Laser Corp. 62,208 $ 255,454 # Elite Material Co., Ltd. 118,909 588,104 Elite Semiconductor Memory Technology, Inc. 122,000 144,054 * Elitegroup Computer Systems Co., Ltd. 194,235 126,945 eMemory Technology, Inc. 28,000 411,169 ENG Electric Co., Ltd. 58,427 30,955 Ennoconn Corp. 15,202 227,935 EnTie Commercial Bank Co., Ltd. 103,500 43,864 #* Epistar Corp. 598,954 572,556 Eslite Spectrum Corp. (The) 9,000 44,078 Eson Precision Ind. Co., Ltd. 30,000 46,948 Eternal Materials Co., Ltd. 306,805 345,219 * Etron Technology, Inc. 212,000 83,441 Eurocharm Holdings Co., Ltd. 9,000 27,513 Eva Airways Corp. 1,125,051 545,194 Everest Textile Co., Ltd. 208,000 110,589 Evergreen International Storage & Transport Corp. 324,000 150,214 Everlight Electronics Co., Ltd. 215,149 327,271 Everspring Industry Co., Ltd. 97,000 44,048 Excelsior Medical Co., Ltd. 58,800 93,559 EZconn Corp. 14,000 20,575 Far Eastern Department Stores, Ltd. 581,370 289,801 Far Eastern International Bank 1,258,362 415,089 Far Eastern New Century Corp. 941,560 774,924 Far EasTone Telecommunications Co., Ltd. 442,000 1,068,591 # Faraday Technology Corp. 94,442 129,438 * Farglory F T Z Investment Holding Co., Ltd. 24,000 10,696 Farglory Land Development Co., Ltd. 180,442 225,912 Federal Corp. 230,729 108,608 Feedback Technology Corp. 22,000 48,853 # Feng Hsin Steel Co., Ltd. 182,550 312,607 Feng TAY Enterprise Co., Ltd. 121,107 519,414 * First Copper Technology Co., Ltd. 36,000 12,822 First Financial Holding Co., Ltd. 2,040,242 1,378,043 First Hi-Tec Enterprise Co., Ltd. 33,000 34,944 First Hotel 76,354 42,473 First Insurance Co., Ltd. (The) 93,606 42,776 * First Steamship Co., Ltd. 355,234 108,102 # FLEXium Interconnect, Inc. 144,832 676,302 Flytech Technology Co., Ltd. 46,373 150,204 # FocalTech Systems Co., Ltd. 135,792 177,374 Forest Water Environment Engineering Co., Ltd. 21,000 41,665 Formosa Advanced Technologies Co., Ltd. 93,000 86,485 Formosa Chemicals & Fibre Corp. 600,378 1,808,885 Formosa International Hotels Corp. 21,905 113,525 Formosa Oilseed Processing Co., Ltd. 46,000 88,861 Formosa Optical Technology Co., Ltd. 7,000 16,638 Formosa Petrochemical Corp. 206,000 723,165 Formosa Plastics Corp. 393,134 1,179,040 Formosa Taffeta Co., Ltd. 295,000 292,104 Formosan Rubber Group, Inc. 240,800 119,947 Formosan Union Chemical 159,266 105,189 Fortune Electric Co., Ltd. 64,000 36,740 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Founding Construction & Development Co., Ltd. 71,460 $ 37,391 Foxconn Technology Co., Ltd. 218,536 657,067 Foxlink Image Technology Co., Ltd. 63,000 35,747 Foxsemicon Integrated Technology, Inc. 26,250 186,115 Froch Enterprise Co., Ltd. 114,713 53,964 FSP Technology, Inc. 86,886 69,462 Fubon Financial Holding Co., Ltd. 1,266,896 1,968,064 Fulgent Sun International Holding Co., Ltd. 20,449 57,944 Fullerton Technology Co., Ltd. 69,000 54,683 Fulltech Fiber Glass Corp. 164,544 78,705 Fwusow Industry Co., Ltd. 31,756 18,831 G Shank Enterprise Co., Ltd. 63,382 55,765 #* G Tech Optoelectronics Corp. 46,821 30,077 Gallant Precision Machining Co., Ltd. 76,000 58,314 GCS Holdings, Inc. 20,000 42,689 Gemtek Technology Corp. 160,574 139,383 General Interface Solution Holding, Ltd. 35,000 335,539 Generalplus Technology, Inc. 25,000 29,755 Genesys Logic, Inc. 26,000 31,840 #* Genius Electronic Optical Co., Ltd. 32,071 366,914 GeoVision, Inc. 32,431 43,578 Getac Technology Corp. 197,000 249,164 Giant Manufacturing Co., Ltd. 103,287 509,837 Giantplus Technology Co., Ltd. 118,000 73,771 Gigabyte Technology Co., Ltd. 314,000 401,249 # Gigasolar Materials Corp. 13,280 111,193 #* Gigastorage Corp. 221,213 127,064 Ginko International Co., Ltd. 22,000 202,913 * Gintech Energy Corp. 284,084 155,237 * Global Brands Manufacture, Ltd. 160,666 59,647 Global Lighting Technologies, Inc. 38,000 59,377 Global Mixed Mode Technology, Inc. 20,000 44,532 Global PMX Co., Ltd. 9,000 51,223 Global Unichip Corp. 39,000 222,737 # Globalwafers Co., Ltd. 18,000 141,702 Globe Union Industrial Corp. 128,518 96,245 Gloria Material Technology Corp. 275,708 183,949 # Glory Science Co., Ltd. 32,467 67,931 * Gold Circuit Electronics, Ltd. 232,263 78,444 Golden Friends Corp. 25,000 36,374 * Goldsun Building Materials Co., Ltd. 711,730 221,288 Good Will Instrument Co., Ltd. 6,859 5,198 Gourmet Master Co., Ltd. 25,410 297,439 Grand Ocean Retail Group, Ltd. 42,000 32,564 Grand Pacific Petrochemical 511,000 369,299 Grand Plastic Technology Corp. 10,000 65,531 Grape King Bio, Ltd. 50,000 316,867 Great China Metal Industry 90,000 75,856 Great Taipei Gas Co., Ltd. 119,000 97,939 Great Wall Enterprise Co., Ltd. 292,682 317,526 Greatek Electronics, Inc. 151,000 255,922 * Green Energy Technology, Inc. 132,537 62,544 Green River Holding Co., Ltd. 8,080 43,103 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- TAIWAN -- (Continued) Green Seal Holding, Ltd. 27,500 $ 80,557 GTM Holdings Corp. 60,000 34,341 Hakers Enterprise Co., Ltd. 6,300 8,128 # Hannstar Board Corp. 185,681 90,565 #* HannStar Display Corp. 1,489,667 450,112 * HannsTouch Solution, Inc. 290,743 97,667 Hanpin Electron Co., Ltd. 38,000 48,753 * Harvatek Corp. 83,052 28,435 Hi-Clearance, Inc. 5,000 15,363 Highwealth Construction Corp. 378,918 627,365 HIM International Music, Inc. 6,000 24,339 Hiroca Holdings, Ltd. 24,728 88,056 * HiTi Digital, Inc. 79,956 28,457 Hitron Technology, Inc. 128,000 83,669 Hiwin Technologies Corp. 67,259 488,365 * Ho Tung Chemical Corp. 484,092 132,778 * Hocheng Corp. 137,300 41,515 Holiday Entertainment Co., Ltd. 31,000 51,556 Holtek Semiconductor, Inc. 89,000 172,650 Holy Stone Enterprise Co., Ltd. 118,500 145,022 Hon Hai Precision Industry Co., Ltd. 3,607,499 14,029,833 Hon Hai Precision Industry Co., Ltd. GDR 158,585 1,222,315 Hong Pu Real Estate Development Co., Ltd. 146,609 113,368 Hong TAI Electric Industrial 125,000 40,919 Hong YI Fiber Industry Co. 68,000 49,319 * Horizon Securities Co., Ltd. 220,000 47,697 Hota Industrial Manufacturing Co., Ltd. 98,871 452,515 # Hotai Motor Co., Ltd. 52,000 631,882 Hsin Kuang Steel Co., Ltd. 121,788 121,949 Hsin Yung Chien Co., Ltd. 15,900 37,436 # Hu Lane Associate, Inc. 31,151 185,698 * HUA ENG Wire & Cable Co., Ltd. 190,000 63,588 Hua Nan Financial Holdings Co., Ltd. 1,530,877 894,753 Huaku Development Co., Ltd. 146,465 309,905 Huang Hsiang Construction Corp. 76,000 92,228 Hung Ching Development & Construction Co., Ltd. 68,000 44,064 Hung Sheng Construction, Ltd. 254,000 165,314 Huxen Corp. 10,000 13,885 Hwa Fong Rubber Co., Ltd. 147,430 54,206 * Hwacom Systems, Inc. 43,000 16,427 * I-Chiun Precision Industry Co., Ltd. 53,000 16,340 I-Sheng Electric Wire & Cable Co., Ltd. 50,000 71,429 # Ibase Technology, Inc. 68,455 134,674 #* Ichia Technologies, Inc. 168,897 105,979 Ideal Bike Corp. 68,000 25,441 IEI Integration Corp. 56,000 85,641 Infortrend Technology, Inc. 110,798 55,421 Innodisk Corp. 24,000 81,343 # Innolux Corp. 4,546,461 2,217,799 Inpaq Technology Co., Ltd. 45,000 40,206 Intai Technology Corp. 14,000 48,424 Integrated Service Technology, Inc. 27,000 106,365 IntelliEPI, Inc. 9,000 26,621 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TAIWAN -- (Continued) # International Games System Co., Ltd. 25,000 $ 131,495 Inventec Corp. 935,181 747,042 # Iron Force Industrial Co., Ltd. 21,000 106,742 ITE Technology, Inc. 63,202 68,381 ITEQ Corp. 118,299 179,973 Jarllytec Co., Ltd. 29,000 58,064 Jentech Precision Industrial Co., Ltd. 24,000 60,960 Jess-Link Products Co., Ltd. 50,500 48,408 # Jih Sun Financial Holdings Co., Ltd. 813,701 191,064 Jinli Group Holdings, Ltd. 49,000 59,631 Johnson Health Tech Co., Ltd. 32,948 40,103 K Laser Technology, Inc. 63,000 31,626 Kang Na Hsiung Enterprise Co., Ltd. 59,000 21,093 Kaori Heat Treatment Co., Ltd. 45,983 71,188 Kaulin Manufacturing Co., Ltd. 93,000 58,825 KEE TAI Properties Co., Ltd. 221,226 73,255 Kenda Rubber Industrial Co., Ltd. 169,842 266,264 Kenmec Mechanical Engineering Co., Ltd. 152,000 48,773 Kerry TJ Logistics Co., Ltd. 82,000 97,907 Kindom Construction Corp. 191,000 115,129 King Chou Marine Technology Co., Ltd. 33,660 38,383 King Slide Works Co., Ltd. 16,050 225,613 # King Yuan Electronics Co., Ltd. 625,529 622,990 King's Town Bank Co., Ltd. 462,000 477,422 * King's Town Construction Co., Ltd. 62,348 49,345 Kingcan Holdings, Ltd. 27,675 28,002 Kingpak Technology, Inc. 8,000 51,238 Kinik Co. 64,000 164,897 #* Kinko Optical Co., Ltd. 77,000 86,522 # Kinpo Electronics 764,028 279,700 # Kinsus Interconnect Technology Corp. 152,009 409,711 KMC Kuei Meng International, Inc. 15,106 72,242 KS Terminals, Inc. 56,760 105,487 Kung Long Batteries Industrial Co., Ltd. 36,000 184,158 * Kung Sing Engineering Corp. 164,000 57,030 Kuo Toong International Co., Ltd. 122,108 82,677 Kuoyang Construction Co., Ltd. 209,450 96,774 Kwong Fong Industries Corp. 56,047 42,962 Kwong Lung Enterprise Co., Ltd. 41,000 61,149 * KYE Systems Corp. 146,426 43,465 L&K Engineering Co., Ltd. 83,000 100,257 * LAN FA Textile 93,277 26,176 Land Mark Optoelectronics Corp. 16,000 219,174 Lanner Electronics, Inc. 30,589 43,280 Largan Precision Co., Ltd. 16,306 2,975,181 Laser Tek Taiwan Co., Ltd. 20,000 18,998 LCY Chemical Corp. 182,799 265,269 Leader Electronics, Inc. 67,602 22,851 Leadtrend Technology Corp. 4,159 3,902 * Lealea Enterprise Co., Ltd. 500,981 180,898 Ledlink Optics, Inc. 25,467 35,731 Ledtech Electronics Corp. 19,000 7,866 LEE CHI Enterprises Co., Ltd. 103,000 35,301 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Lelon Electronics Corp. 38,250 $ 51,454 Lemtech Holdings Co., Ltd. 9,000 64,693 Leofoo Development Co., Ltd. 138,645 37,916 * LES Enphants Co., Ltd. 90,901 33,102 * Lextar Electronics Corp. 202,000 117,759 Li Cheng Enterprise Co., Ltd. 33,000 92,632 * Li Peng Enterprise Co., Ltd. 277,806 77,921 Lian HWA Food Corp. 43,744 51,870 Lien Chang Electronic Enter 23,000 11,356 Lien Hwa Industrial Corp. 322,707 300,308 Lingsen Precision Industries, Ltd. 228,000 110,870 Lite-On Semiconductor Corp. 132,213 130,831 Lite-On Technology Corp. 896,395 1,450,741 Long Bon International Co., Ltd. 164,000 86,078 Long Chen Paper Co., Ltd. 272,995 343,579 Longwell Co. 52,000 65,414 Lotes Co., Ltd. 27,631 159,756 Lu Hai Holding Corp. 18,000 33,855 Lucky Cement Corp. 112,000 32,937 Lumax International Corp., Ltd. 48,325 85,265 Lung Yen Life Service Corp. 41,000 100,459 #* LuxNet Corp. 20,899 22,183 # Macauto Industrial Co., Ltd. 21,000 137,268 Machvision, Inc. 8,000 46,597 Macroblock, Inc. 14,000 35,220 * Macronix International 2,071,048 1,129,120 Mag Layers Scientific-Technics Co., Ltd. 21,550 48,217 Makalot Industrial Co., Ltd. 91,686 409,769 Marketech International Corp. 58,000 74,081 Masterlink Securities Corp. 585,885 156,958 Materials Analysis Technology, Inc. 13,000 45,996 Mayer Steel Pipe Corp. 78,259 34,474 MediaTek, Inc. 261,360 2,300,728 Mega Financial Holding Co., Ltd. 1,994,669 1,688,189 Meiloon Industrial Co. 55,000 47,485 Mercuries & Associates Holding, Ltd. 190,083 142,843 * Mercuries Life Insurance Co., Ltd. 463,649 242,600 Merida Industry Co., Ltd. 40,415 193,352 Merry Electronics Co., Ltd. 59,906 493,968 Micro-Star International Co., Ltd. 321,233 832,241 * Microbio Co., Ltd. 206,572 159,996 Microelectronics Technology, Inc. 12,645 15,333 Microlife Corp. 21,600 50,350 Mildef Crete, Inc. 22,000 41,113 MIN AIK Technology Co., Ltd. 104,000 104,702 Mirle Automation Corp. 71,805 95,092 Mitac Holdings Corp. 345,415 413,215 Mobiletron Electronics Co., Ltd. 35,440 45,172 momo.com, Inc. 2,000 14,185 #* Motech Industries, Inc. 253,097 203,517 MPI Corp. 32,000 97,418 Nak Sealing Technologies Corp. 25,000 68,558 # Namchow Chemical Industrial Co., Ltd. 83,000 177,587 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TAIWAN -- (Continued) Nan Kang Rubber Tire Co., Ltd. 150,139 $ 137,403 Nan Liu Enterprise Co., Ltd. 6,000 29,016 Nan Ren Lake Leisure Amusement Co., Ltd. 99,000 26,289 Nan Ya Plastics Corp. 591,674 1,489,185 Nan Ya Printed Circuit Board Corp. 138,072 108,128 Nang Kuang Pharmaceutical co., Ltd. 10,000 13,061 Nantex Industry Co., Ltd. 119,014 87,723 # Nanya Technology Corp. 119,000 245,405 National Petroleum Co., Ltd. 37,000 48,112 * Neo Solar Power Corp. 491,646 227,066 # Netronix, Inc. 40,000 90,016 New Asia Construction & Development Corp. 43,880 10,288 New Best Wire Industrial Co., Ltd. 23,000 25,548 New Era Electronics Co., Ltd. 39,000 26,471 #* Newmax Technology Co., Ltd. 32,077 46,576 Nexcom International Co., Ltd. 44,000 43,020 Nichidenbo Corp. 45,975 41,854 Nien Hsing Textile Co., Ltd. 125,476 93,709 Nien Made Enterprise Co., Ltd. 53,000 646,757 Nishoku Technology, Inc. 23,000 59,870 Novatek Microelectronics Corp. 205,000 779,545 Nuvoton Technology Corp. 42,000 79,160 #* OBI Pharma, Inc. 14,000 99,629 * Ocean Plastics Co., Ltd. 74,000 64,708 On-Bright Electronics, Inc. 19,000 136,241 OptoTech Corp. 294,000 158,536 Orient Europharma Co., Ltd. 10,000 22,823 * Orient Semiconductor Electronics, Ltd. 319,000 92,826 Oriental Union Chemical Corp. 239,821 223,000 P-Duke Technology Co., Ltd. 18,700 39,061 P-Two Industries, Inc. 35,000 22,067 Pacific Construction Co. 167,000 58,115 Pacific Hospital Supply Co., Ltd. 28,000 71,410 Paiho Shih Holdings Corp. 38,448 71,018 Pan Jit International, Inc. 197,000 123,848 # Pan-International Industrial Corp. 145,514 141,420 Parade Technologies, Ltd. 27,400 397,498 Paragon Technologies Co., Ltd. 30,762 20,417 # PChome Online, Inc. 35,568 249,593 PCL Technologies, Inc. 11,220 47,317 Pegatron Corp. 890,037 2,902,857 PharmaEngine, Inc. 8,399 53,353 Pharmally International Holding Co., Ltd. 6,000 84,426 * Phihong Technology Co., Ltd. 200,810 80,788 Phison Electronics Corp. 34,000 472,328 Phoenix Tours International, Inc. 14,700 16,644 Pixart Imaging, Inc. 39,030 111,122 Planet Technology Corp. 16,000 29,394 Plastron Precision Co., Ltd. 22,000 16,313 Polytronics Technology Corp. 25,000 48,187 Portwell, Inc. 47,000 76,237 Posiflex Technology, Inc. 20,853 115,387 Pou Chen Corp. 962,144 1,299,740 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Power Quotient International Co., Ltd. 66,800 $ 27,718 Powertech Technology, Inc. 340,400 1,103,027 Poya International Co., Ltd. 21,873 279,115 President Chain Store Corp. 136,000 1,152,426 * President Securities Corp. 466,662 216,358 Primax Electronics, Ltd. 191,000 417,173 * Prime Electronics & Satellitics, Inc. 57,750 18,428 Prince Housing & Development Corp. 573,087 206,841 * Princeton Technology Corp. 105,000 28,293 Pro Hawk Corp. 3,000 14,002 Promate Electronic Co., Ltd. 63,000 59,674 Promise Technology, Inc. 76,000 32,578 Prosperity Dielectrics Co., Ltd. 56,000 44,186 Qisda Corp. 819,439 648,193 QST International Corp. 15,000 50,966 Qualipoly Chemical Corp. 38,284 37,723 Quang Viet Enterprise Co., Ltd. 6,000 33,994 Quanta Computer, Inc. 515,715 1,222,736 Quanta Storage, Inc. 52,000 71,550 Quintain Steel Co., Ltd. 106,748 31,365 # Radiant Opto-Electronics Corp. 237,144 563,343 * Radium Life Tech Co., Ltd. 362,056 158,871 Realtek Semiconductor Corp. 160,268 599,699 Rechi Precision Co., Ltd. 152,173 159,564 # Rich Development Co., Ltd. 365,254 117,295 RichWave Technology Corp. 8,000 27,942 #* Ritek Corp. 1,055,112 178,067 * Rotam Global Agrosciences, Ltd. 37,830 40,892 * Ruentex Development Co., Ltd. 260,340 281,955 Ruentex Engineering & Construction Co. 11,000 14,170 # Ruentex Industries, Ltd. 81,235 120,549 Run Long Construction Co., Ltd. 65,242 103,047 # Sagittarius Life Science Corp. 14,000 47,725 Sampo Corp. 225,000 112,462 San Fang Chemical Industry Co., Ltd. 87,992 104,330 San Shing Fastech Corp. 53,479 89,963 Sanitar Co., Ltd. 24,000 30,879 Sanyang Motor Co., Ltd. 207,684 143,970 # SCI Pharmtech, Inc. 23,000 50,031 Scientech Corp. 25,000 51,732 ScinoPharm Taiwan, Ltd. 22,713 30,803 SDI Corp. 52,000 109,543 Sea Sonic Electronics Co., Ltd. 15,000 15,342 Senao International Co., Ltd. 29,000 55,722 Senao Networks, Inc. 12,000 53,805 # Sercomm Corp. 116,000 293,579 Sesoda Corp. 78,358 73,645 Shan-Loong Transportation Co., Ltd. 33,000 37,113 Sharehope Medicine Co., Ltd. 14,000 17,610 Sheng Yu Steel Co., Ltd. 70,000 82,286 ShenMao Technology, Inc. 35,435 33,947 Shih Her Technologies, Inc. 20,000 20,298 * Shih Wei Navigation Co., Ltd. 117,980 34,570 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) Shihlin Electric & Engineering Corp. 111,000 $146,377 # Shin Kong Financial Holding Co., Ltd. 2,904,235 776,369 Shin Zu Shing Co., Ltd. 60,149 183,586 Shinih Enterprise Co., Ltd. 17,000 11,182 * Shining Building Business Co., Ltd. 214,067 72,654 Shinkong Insurance Co., Ltd. 108,000 91,219 Shinkong Synthetic Fibers Corp. 685,191 208,112 Shinkong Textile Co., Ltd. 45,800 62,200 Shiny Chemical Industrial Co., Ltd. 24,112 51,825 ShunSin Technology Holding, Ltd. 13,000 42,518 #* Shuttle, Inc. 200,000 70,212 Sigurd Microelectronics Corp. 207,559 193,070 Silergy Corp. 9,000 175,973 * Silicon Integrated Systems Corp. 245,000 58,508 Siliconware Precision Industries Co., Ltd. 164,800 271,388 * Siliconware Precision Industries Co., Ltd. Sponsored ADR 32,444 264,743 Silitech Technology Corp. 56,396 36,065 Simplo Technology Co., Ltd. 109,000 346,276 Sinbon Electronics Co., Ltd. 95,917 234,993 Sincere Navigation Corp. 161,350 107,092 Sinher Technology, Inc. 11,000 19,352 Sinmag Equipment Corp. 20,169 119,521 # Sino-American Electronic Co., Ltd. 17,000 27,705 # Sino-American Silicon Products, Inc. 298,000 597,714 Sinon Corp. 181,000 89,291 SinoPac Financial Holdings Co., Ltd. 2,806,539 879,994 Sinphar Pharmaceutical Co., Ltd. 89,960 65,673 Sinyi Realty, Inc. 54,660 58,846 Sirtec International Co., Ltd. 70,000 103,591 Sitronix Technology Corp. 58,434 186,856 Siward Crystal Technology Co., Ltd. 111,000 75,911 Soft-World International Corp. 27,000 71,679 * Solar Applied Materials Technology Co. 216,000 93,974 * Solartech Energy Corp. 173,000 80,199 Solomon Technology Corp. 71,000 43,651 Solteam Electronics Co., Ltd. 30,000 40,101 Sonix Technology Co., Ltd. 67,000 72,934 Southeast Cement Co., Ltd. 137,000 69,214 Sporton International, Inc. 28,323 141,188 St Shine Optical Co., Ltd. 23,000 473,850 Standard Chemical & Pharmaceutical Co., Ltd. 51,000 56,747 Standard Foods Corp. 116,002 308,864 Stark Technology, Inc. 39,000 37,914 Sunko INK Co., Ltd. 52,000 22,967 Sunny Friend Environmental Technology Co., Ltd. 16,000 81,315 Sunonwealth Electric Machine Industry Co., Ltd. 99,000 139,817 Sunplus Technology Co., Ltd. 300,000 138,410 Sunrex Technology Corp. 88,460 59,592 Sunspring Metal Corp. 50,000 68,161 Supreme Electronics Co., Ltd. 163,608 160,861 # Swancor Holding Co., Ltd. 38,435 109,174 Sweeten Real Estate Development Co., Ltd. 31,381 14,285 Syncmold Enterprise Corp. 71,000 153,576 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- TAIWAN -- (Continued) Synnex Technology International Corp. 421,967 $ 469,204 Sysage Technology Co., Ltd. 38,141 39,475 * Sysgration 115,000 35,078 Systex Corp. 59,000 112,269 T-Mac Techvest PCB Co., Ltd. 61,000 23,524 T3EX Global Holdings Corp. 57,000 40,409 TA Chen Stainless Pipe 358,630 206,051 * Ta Chong Securities Co., Ltd. 69,000 25,354 * Ta Ya Electric Wire & Cable 268,174 59,331 Ta Yih Industrial Co., Ltd. 16,000 43,889 TA-I Technology Co., Ltd. 68,248 55,848 Tah Hsin Industrial Corp. 45,000 37,790 * Tai Tung Communication Co., Ltd. 58,373 47,501 Taichung Commercial Bank Co., Ltd. 1,069,277 368,315 TaiDoc Technology Corp. 25,199 86,763 Taiflex Scientific Co., Ltd. 96,540 141,828 * TaiMed Biologics, Inc. 16,000 116,984 Taimide Tech, Inc. 42,350 59,590 Tainan Enterprises Co., Ltd. 83,000 68,030 Tainan Spinning Co., Ltd. 577,568 252,353 * Tainergy Tech Co., Ltd. 116,000 47,252 Taishin Financial Holding Co., Ltd. 1,805,301 848,961 * Taisun Enterprise Co., Ltd. 162,670 112,868 * Taita Chemical Co., Ltd. 63,000 21,927 Taiwan Acceptance Corp. 69,000 254,809 Taiwan Business Bank 1,394,887 395,877 Taiwan Cement Corp. 1,014,375 1,175,632 Taiwan Chinsan Electronic Industrial Co., Ltd. 47,000 81,061 Taiwan Cogeneration Corp. 237,077 186,071 Taiwan Cooperative Financial Holding Co., Ltd. 1,551,798 847,985 Taiwan Fertilizer Co., Ltd. 262,000 355,771 Taiwan Fire & Marine Insurance Co., Ltd. 80,520 50,803 Taiwan FU Hsing Industrial Co., Ltd. 88,000 107,492 * Taiwan Glass Industry Corp. 451,442 231,012 Taiwan High Speed Rail Corp. 324,000 279,576 Taiwan Hon Chuan Enterprise Co., Ltd. 147,455 266,625 Taiwan Hopax Chemicals Manufacturing Co., Ltd. 71,000 40,085 # Taiwan Land Development Corp. 373,217 129,776 Taiwan Line Tek Electronic 57,451 48,317 * Taiwan Mask Corp. 78,000 45,553 Taiwan Mobile Co., Ltd. 268,800 962,002 Taiwan Navigation Co., Ltd. 121,000 55,299 Taiwan Paiho, Ltd. 111,068 463,378 Taiwan PCB Techvest Co., Ltd. 146,733 143,476 * Taiwan Prosperity Chemical Corp. 62,000 40,779 * Taiwan Pulp & Paper Corp. 139,000 85,416 Taiwan Sakura Corp. 73,600 88,655 Taiwan Sanyo Electric Co., Ltd. 23,800 18,956 Taiwan Secom Co., Ltd. 71,795 212,568 # Taiwan Semiconductor Co., Ltd. 118,000 159,795 Taiwan Semiconductor Manufacturing Co., Ltd. 2,248,214 15,892,398 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR 498,924 17,941,307 Taiwan Shin Kong Security Co., Ltd. 107,150 134,663 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Taiwan Styrene Monomer 250,164 $ 172,680 Taiwan Surface Mounting Technology Corp. 145,845 119,513 Taiwan TEA Corp. 362,648 194,533 Taiwan Union Technology Corp. 115,000 247,455 Taiyen Biotech Co., Ltd. 72,712 72,238 #* Tatung Co., Ltd. 1,251,688 526,310 TCI Co., Ltd. 21,863 133,854 Te Chang Construction Co., Ltd. 20,291 13,246 Teco Electric and Machinery Co., Ltd. 683,000 643,225 Tehmag Foods Corp. 7,700 57,500 Test Research, Inc. 76,571 91,262 Test Rite International Co., Ltd. 130,568 96,424 * Tex-Ray Industrial Co., Ltd. 85,000 26,790 Thinking Electronic Industrial Co., Ltd. 43,000 134,074 Thye Ming Industrial Co., Ltd. 64,125 83,566 Ton Yi Industrial Corp. 391,300 187,876 Tong Hsing Electronic Industries, Ltd. 75,009 310,377 Tong Yang Industry Co., Ltd. 201,640 374,319 Tong-Tai Machine & Tool Co., Ltd. 104,711 72,815 # TOPBI International Holdings, Ltd. 26,000 83,014 Topco Scientific Co., Ltd. 68,409 209,525 Topco Technologies Corp. 17,000 36,253 Topkey Corp. 7,000 23,292 Topoint Technology Co., Ltd. 81,540 63,184 Toung Loong Textile Manufacturing 30,000 87,462 * TPK Holding Co., Ltd. 168,000 564,099 Transcend Information, Inc. 47,890 141,819 Tripod Technology Corp. 210,170 686,128 # TrueLight Corp. 44,700 54,410 # Tsang Yow Industrial Co., Ltd. 29,000 41,071 Tsann Kuen Enterprise Co., Ltd. 46,000 38,610 TSC Auto ID Technology Co., Ltd. 10,700 74,364 * TSEC Corp. 130,000 44,333 TSRC Corp. 241,452 271,120 Ttet Union Corp. 19,000 57,890 TTFB Co., Ltd. 5,000 41,674 TTY Biopharm Co., Ltd. 76,000 247,757 Tung Ho Steel Enterprise Corp. 458,654 378,950 # Tung Thih Electronic Co., Ltd. 37,073 263,276 TURVO International Co., Ltd. 23,250 78,115 TXC Corp. 141,204 204,133 TYC Brother Industrial Co., Ltd. 104,091 106,338 * Tycoons Group Enterprise 221,000 41,909 Tyntek Corp. 179,922 77,713 U-Ming Marine Transport Corp. 237,000 246,378 UDE Corp. 37,000 45,715 Ultra Chip, Inc. 27,000 29,504 Uni-President Enterprises Corp. 1,398,577 2,676,656 Unimicron Technology Corp. 786,312 511,307 # Union Bank Of Taiwan 689,484 204,365 * Union Insurance Co., Ltd. 39,397 18,717 Unitech Computer Co., Ltd. 38,000 22,323 * Unitech Printed Circuit Board Corp. 290,979 103,586 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) United Integrated Services Co., Ltd. 96,000 $ 180,607 # United Microelectronics Corp. 6,083,081 2,792,072 # United Microelectronics Corp. Sponsored ADR 146,700 331,542 United Orthopedic Corp. 13,973 32,235 United Radiant Technology 48,000 33,354 Unity Opto Technology Co., Ltd. 173,593 65,220 Universal Cement Corp. 237,972 178,143 Universal Microwave Technology, Inc. 9,000 26,027 * Unizyx Holding Corp. 190,118 90,348 UPC Technology Corp. 384,458 180,876 USI Corp. 422,659 209,345 Usun Technology Co., Ltd. 22,000 44,691 Utechzone Co., Ltd. 21,000 37,672 # Vanguard International Semiconductor Corp. 324,000 606,546 Ve Wong Corp. 34,000 27,643 * Via Technologies, Inc. 88,000 32,181 Victory New Materials, Ltd. Co. 45,000 77,372 Viking Tech Corp. 19,000 11,450 # Visual Photonics Epitaxy Co., Ltd. 83,757 191,627 Vivotek, Inc. 40,482 118,455 Voltronic Power Technology Corp. 14,150 242,639 #* Wafer Works Corp. 227,807 154,783 Waffer Technology Co., Ltd. 34,000 20,892 * Wah Hong Industrial Corp. 19,694 13,045 Wah Lee Industrial Corp. 103,000 172,274 Walsin Lihwa Corp. 1,513,000 666,215 Walsin Technology Corp. 213,625 382,458 Walton Advanced Engineering, Inc. 178,000 77,431 WAN HWA Enterprise Co. 11,900 5,538 Waterland Financial Holdings Co., Ltd. 938,522 297,437 * Wei Chuan Foods Corp. 95,000 58,524 Wei Mon Industry Co., Ltd. 72,277 404 Weikeng Industrial Co., Ltd. 176,461 96,440 Well Shin Technology Co., Ltd. 40,160 66,169 Win Semiconductors Corp. 160,141 937,092 Winbond Electronics Corp. 1,497,000 903,463 WinMate Communication, Inc. 12,000 22,417 Wintek Corp. 461,871 5,248 Wisdom Marine Lines Co., Ltd. 172,609 164,102 Wisechip Semiconductor, Inc. 9,000 40,387 Wistron Corp. 1,074,010 1,083,830 Wistron NeWeb Corp. 132,057 422,418 Wowprime Corp. 33,000 184,571 WPG Holdings, Ltd. 558,847 782,635 WT Microelectronics Co., Ltd. 229,982 340,669 * WUS Printed Circuit Co., Ltd. 152,000 89,106 XAC Automation Corp. 40,000 77,458 * XinTec, Inc. 31,000 56,409 # Xxentria Technology Materials Corp. 51,211 106,688 Yageo Corp. 182,249 694,061 YC Co., Ltd. 172,043 71,521 YC INOX Co., Ltd. 155,600 128,305 YCC Parts Manufacturing Co., Ltd. 7,000 10,670 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ TAIWAN -- (Continued) Yea Shin International Development Co., Ltd. 60,000 $ 27,817 Yeong Guan Energy Technology Group Co., Ltd. 43,212 117,076 YFC-Boneagle Electric Co., Ltd. 27,000 57,292 * YFY, Inc. 716,891 243,342 Yi Jinn Industrial Co., Ltd. 116,100 42,302 * Yieh Phui Enterprise Co., Ltd. 505,274 219,150 Yonyu Plastics Co., Ltd. 35,000 36,394 * Young Fast Optoelectronics Co., Ltd. 50,298 22,230 * Young Optics, Inc. 33,000 44,963 Youngtek Electronics Corp. 57,257 87,609 Yuanta Financial Holding Co., Ltd. 2,086,167 894,273 Yuanta Futures Co., Ltd. 10,000 12,651 Yulon Motor Co., Ltd. 355,783 310,847 Yung Chi Paint & Varnish Manufacturing Co., Ltd. 25,362 69,200 YungShin Global Holding Corp. 63,000 85,526 Yungtay Engineering Co., Ltd. 165,000 273,139 Zeng Hsing Industrial Co., Ltd. 37,837 160,398 Zenitron Corp. 104,000 62,176 Zhen Ding Technology Holding, Ltd. 195,000 453,615 Zig Sheng Industrial Co., Ltd. 205,231 61,815 Zinwell Corp. 141,010 146,058 Zippy Technology Corp. 70,000 83,517 ZongTai Real Estate Development Co., Ltd. 83,495 49,082 ------------ TOTAL TAIWAN 223,943,386 ------------ THAILAND -- (2.8%) AAPICO Hitech PCL 84,120 58,900 Advanced Info Service PCL 209,500 1,167,859 Advanced Information Technology PCL Class F 28,400 23,897 Airports of Thailand PCL 935,000 1,447,042 AJ Plast PCL 60,300 24,282 Amata Corp. PCL 203,800 96,154 Ananda Development PCL 773,200 115,713 AP Thailand PCL 757,202 175,212 Asia Aviation PCL 1,276,600 243,608 Asia Plus Group Holdings PCL 441,100 48,515 Asian Insulators PCL 955,920 7,219 Bangchak Corp. PCL 280,700 293,130 Bangkok Airways PCL 200,200 110,098 Bangkok Aviation Fuel Services PCL 130,550 185,371 Bangkok Bank PCL(6077019) 9,800 54,336 Bangkok Bank PCL(6368360) 31,100 167,760 Bangkok Expressway & Metro PCL 2,043,535 460,581 Bangkok Insurance PCL 3,580 37,331 Bangkok Land PCL 4,290,900 233,394 Bangkok Life Assurance PCL 115,340 144,710 Bangkok Ranch PCL 288,500 62,856 Banpu PCL(6368348) 31,500 15,430 Banpu PCL(BJFHBT4) 585,500 286,798 Beauty Community PCL 630,700 225,544 BEC World PCL 306,600 170,454 Berli Jucker PCL 378,200 525,649 Better World Green PCL 361,900 20,011 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- THAILAND -- (Continued) Big Camera Corp. PCL 507,800 $ 57,378 BJC Heavy Industries PCL Class F 137,000 15,233 BTS Group Holdings PCL 128,200 33,132 Cal-Comp Electronics Thailand PCL Class F 1,098,044 102,952 Carabao Group PCL Class F 86,600 180,869 Central Pattana PCL 372,800 778,616 Central Plaza Hotel PCL 289,000 353,906 CH Karnchang PCL 128,472 110,031 Charoen Pokphand Foods PCL 1,372,093 1,014,334 Charoong Thai Wire & Cable PCL Class F 88,000 27,503 Christiani & Nielsen Thai Class F 91,300 10,152 CK Power PCL 1,375,100 137,194 Com7 PCL Class F 120,500 41,644 * Country Group Development PCL 1,768,300 56,859 Country Group Holdings PCL Class F 407,500 17,512 CP ALL PCL 693,500 1,266,062 CS Loxinfo PCL 30,600 5,609 Delta Electronics Thailand PCL 108,200 288,575 * Demco PCL 84,400 14,711 Dhipaya Insurance PCL 82,100 103,623 Diamond Building Products PCL 29,000 5,098 Dynasty Ceramic PCL 1,193,500 144,899 Eastern Polymer Group PCL Class F 307,600 99,833 Eastern Water Resources Development and Management PCL Class F 271,000 104,242 Electricity Generating PCL 44,100 288,907 Energy Absolute PCL 447,200 497,240 Energy Earth PCL 672,000 29,484 Erawan Group PCL (The) 554,700 89,181 * Esso Thailand PCL 810,000 239,764 Forth Corp. PCL 74,800 16,522 Forth Smart Service PCL 78,500 46,473 GFPT PCL 288,600 167,385 Global Power Synergy PCL Class F 111,000 128,424 Glow Energy PCL 125,500 305,486 Golden Land Property Development PCL 392,300 87,239 Grand Canal Land PCL 774,800 51,690 Hana Microelectronics PCL 116,101 140,431 Home Product Center PCL 1,356,527 403,577 ICC International PCL 27,800 30,493 Ichitan Group PCL 118,800 27,490 Indorama Ventures PCL 601,400 673,212 * Inter Far East Energy Corp. Class F 177,400 12,395 Interlink Communication PCL 33,400 13,851 Intouch Holdings PCL(6397557) 78,700 141,311 Intouch Holdings PCL(BKXLD88) 25,800 46,325 IRPC PCL 3,008,500 497,250 Italian-Thai Development PCL 814,566 96,446 Jasmine International PCL 709,700 159,955 Jaymart PCL 241,290 107,316 Kang Yong Electric PCL 2,500 39,818 Karmarts PCL 184,100 47,579 Kasikornbank PCL(6364766) 227,200 1,314,321 Kasikornbank PCL(6888794) 15,500 92,227 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- THAILAND -- (Continued) KCE Electronics PCL 86,300 $ 224,331 KGI Securities Thailand PCL 632,600 75,661 Khon Kaen Sugar Industry PCL 777,704 103,300 Kiatnakin Bank PCL 160,700 322,351 Krung Thai Bank PCL 1,026,050 558,097 Krungthai Card PCL 52,100 156,176 Land & Houses PCL 736,920 221,454 Lanna Resources PCL 96,200 34,402 LH Financial Group PCL 3,533,800 187,965 Loxley PCL 552,270 54,768 LPN Development PCL 279,800 97,537 Major Cineplex Group PCL 196,700 181,766 Malee Group PCL 86,600 86,531 Maybank Kim Eng Securities Thailand PCL 40,700 27,030 MBK PCL 251,000 113,143 MC Group PCL 123,600 64,258 * MCOT PCL 120,300 51,697 MCS Steel PCL 132,700 58,621 Mega Lifesciences PCL 116,700 98,195 * Millcon Steel PCL 769,000 40,441 Minor International PCL 457,844 581,308 MK Restaurants Group PCL 67,600 123,919 Modernform Group PCL 18,700 2,697 Mono Technology PCL Class F 218,400 22,971 Muangthai Leasing PCL Class F 175,200 188,223 Namyong Terminal PCL 130,200 21,324 * Nation Multimedia Group PCL 753,500 14,039 PCS Machine Group Holding PCL 57,600 12,549 Platinum Group PCL (The) Class F 146,700 30,639 * Polyplex Thailand PCL 144,500 54,714 * Precious Shipping PCL 398,350 111,329 Premier Marketing PCL 235,100 80,542 Property Perfect PCL 1,875,500 48,471 Pruksa Holding PCL 439,500 302,452 PTG Energy PCL 312,500 172,795 PTT Exploration & Production PCL 478,686 1,265,889 PTT Global Chemical PCL 296,256 643,232 PTT PCL(6420390) 366,900 4,278,010 PTT PCL(6420408) 28,700 334,639 Quality Houses PCL 2,578,813 189,092 Raimon Land PCL 1,142,800 40,181 Ratchaburi Electricity Generating Holding PCL(6294249) 117,800 191,162 Ratchaburi Electricity Generating Holding PCL(6362771) 63,600 103,208 Ratchthani Leasing PCL 560,200 94,274 * Regional Container Lines PCL 247,200 62,029 Robinson PCL 55,500 97,152 * Rojana Industrial Park PCL 469,632 76,916 * RS PCL 248,200 102,930 * Sahaviriya Steel Industries PCL 5,877,500 1,660 Samart Corp. PCL 276,800 118,950 * Samart I-Mobile PCL 1,001,300 29,789 Samart Telcoms PCL 219,900 87,229 Sansiri PCL 3,567,433 222,988 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- THAILAND -- (Continued) Sappe PCL 21,700 $ 15,912 SC Asset Corp PCL 1,048,696 102,107 Scan Inter PCL Class F 182,200 27,267 Siam Cement PCL (The)(6609906) 3,700 56,262 Siam Cement PCL (The)(6609928) 72,450 1,101,669 Siam City Cement PCL 28,243 263,957 Siam Commercial Bank PCL (The) 172,200 760,699 Siam Future Development PCL 390,750 69,281 Siam Global House PCL 280,905 115,649 Siamgas & Petrochemicals PCL 245,200 112,002 * Singha Estate PCL 634,600 76,663 Sino-Thai Engineering & Construction PCL 161,842 125,236 SNC Former PCL 42,000 18,049 Somboon Advance Technology PCL 131,150 63,848 SPCG PCL 254,100 154,248 Sri Ayudhya Capital PCL 20,800 18,752 Sri Trang Agro-Industry PCL 289,000 106,823 Sriracha Construction PCL 60,500 39,453 Srisawad Corp. PCL 112,400 178,177 Srithai Superware PCL 898,400 51,836 Star Petroleum Refining PCL 431,200 199,555 * Stars Microelectronics Thailand PCL 97,600 14,020 STP & I PCL 390,680 77,487 Supalai PCL 352,100 251,829 * Superblock PCL 1,170,300 45,368 Susco PCL 46,500 4,891 SVI PCL 571,785 95,365 * Symphony Communication PCL 15,816 5,656 Syntec Construction PCL 439,500 65,773 Taokaenoi Food & Marketing PCL 253,100 152,880 * Tata Steel Thailand PCL 1,594,700 41,693 Thai Agro Energy PCL Class F 13,440 1,171 * Thai Airways International PCL 483,500 270,254 Thai Central Chemical PCL 23,300 51,289 Thai Metal Trade PCL 94,800 39,884 Thai Oil PCL 300,700 774,872 Thai Reinsurance PCL 582,700 30,294 Thai Solar Energy PCL Class F 75,000 11,179 Thai Stanley Electric PCL Class F 11,300 70,632 Thai Union Group PCL Class F 419,432 255,870 Thai Vegetable Oil PCL 217,500 197,718 Thai Wah PCL Class F 121,000 35,089 Thai-German Ceramic Industry PCL 208,400 14,529 Thaicom PCL 263,300 123,435 * Thaifoods Group PCL Class F 313,300 48,017 Thanachart Capital PCL 345,200 495,344 Thitikorn PCL 50,500 17,604 Thoresen Thai Agencies PCL 353,256 90,234 TICON Industrial Connection PCL Class F 206,004 86,669 Tipco Asphalt PCL 324,200 220,183 TIPCO Foods PCL 101,900 48,996 Tisco Financial Group PCL 113,000 250,439 TMB Bank PCL 5,826,100 413,192 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- THAILAND -- (Continued) Total Access Communication PCL 437,400 $ 713,084 TPI Polene PCL 4,320,400 293,423 TRC Construction PCL 460,400 16,326 * True Corp. PCL 3,270,820 555,351 TTCL PCL(B5ML0D8) 25,329 13,625 TTCL PCL(BWY4Y10) 78,710 42,339 TTW PCL 634,500 207,836 Union Mosaic Industry PCL (The) Class F 67,500 5,923 Unique Engineering & Construction PCL 249,050 134,717 Univanich Palm Oil PCL 37,000 7,783 Univentures PCL 443,000 103,839 Vanachai Group PCL 359,520 128,568 VGI Global Media PCL 1,265,400 197,740 Vinythai PCL 247,200 155,259 WHA Corp. PCL 866,300 79,141 Workpoint Entertainment PCL 66,760 125,890 ----------- TOTAL THAILAND 40,368,784 ----------- TURKEY -- (1.5%) Adana Cimento Sanayii TAS Class A 40,598 77,868 #* Afyon Cimento Sanayi TAS 15,717 40,747 Akbank TAS 506,540 1,506,899 Akcansa Cimento A.S. 34,294 119,688 #* Akenerji Elektrik Uretim A.S. 134,047 44,591 Aksa Akrilik Kimya Sanayii A.S. 66,896 264,919 * Aksa Enerji Uretim A.S. 155,057 182,521 * Aksigorta A.S. 59,107 53,438 Alarko Holding A.S. 67,886 110,553 Alkim Alkali Kimya A.S. 5,893 43,958 Anadolu Anonim Turk Sigorta Sirketi 121,131 98,089 Anadolu Cam Sanayii A.S. 138,522 94,537 # Anadolu Hayat Emeklilik A.S. 43,484 82,173 Arcelik A.S. 98,374 727,197 # Aygaz A.S. 22,165 101,567 #* Bagfas Bandirma Gubre Fabrikalari A.S. 20,348 74,021 * Baticim Bati Anadolu Cimento Sanayii A.S. 18,986 44,412 #* Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. 117,483 153,644 BIM Birlesik Magazalar A.S. 59,149 1,153,594 Bolu Cimento Sanayii A.S. 50,000 82,270 # Borusan Mannesmann Boru Sanayi ve Ticaret A.S. 38,929 99,032 #* Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S. 35,621 73,922 Bursa Cimento Fabrikasi A.S. 21,492 35,918 Celebi Hava Servisi A.S. 1,714 13,641 Cimsa Cimento Sanayi VE Ticaret A.S. 36,631 156,773 Coca-Cola Icecek A.S. 31,548 381,239 * Dogan Sirketler Grubu Holding A.S. 634,356 149,792 #* Dogus Otomotiv Servis ve Ticaret A.S. 15,192 41,459 Eczacibasi Yatirim Holding Ortakligi A.S. 14,833 43,512 # EGE Endustri VE Ticaret A.S. 1,284 97,288 # EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. 130,141 177,634 Enka Insaat ve Sanayi A.S. 85,780 134,603 Eregli Demir ve Celik Fabrikalari TAS 373,272 832,223 #* Fenerbahce Futbol A.S. 8,101 87,193 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TURKEY -- (Continued) Ford Otomotiv Sanayi A.S. 25,419 $ 325,222 #* Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. 10,912 21,869 Global Yatirim Holding A.S. 108,773 93,703 #* Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S. 2,937 66,979 # Goodyear Lastikleri TAS 85,546 112,609 #* Gozde Girisim Sermayesi Yatirim Ortakligi A.S. 39,547 37,778 #* GSD Holding A.S. 225,737 47,529 * Gubre Fabrikalari TAS 37,875 57,805 Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S. 14,773 46,523 #* Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim A.S . 37,047 44,638 * Is Finansal Kiralama A.S. 64,437 22,902 * Izmir Demir Celik Sanayi A.S. 75,146 82,914 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A 147,030 93,263 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class B 57,973 39,240 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D 515,436 296,106 #* Karsan Otomotiv Sanayii Ve Ticaret A.S. 121,731 45,000 # Kartonsan Karton Sanayi ve Ticaret A.S. 381 32,854 KOC Holding A.S. 133,367 621,099 Konya Cimento Sanayii A.S. 353 28,275 #* Koza Altin Isletmeleri A.S. 30,583 280,837 Mardin Cimento Sanayii ve Ticaret A.S. 16,218 22,042 #* Metro Ticari ve Mali Yatirimlar Holding A.S. 114,827 42,766 * Migros Ticaret A.S. 24,636 208,411 * Netas Telekomunikasyon A.S. 27,362 109,303 Nuh Cimento Sanayi A.S. 29,066 87,573 * Pegasus Hava Tasimaciligi A.S. 13,626 93,383 Petkim Petrokimya Holding A.S. 341,334 624,029 Pinar Entegre Et ve Un Sanayi A.S. 5,800 16,433 Pinar SUT Mamulleri Sanayii A.S. 4,613 19,679 Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. 74,676 62,843 #* Sekerbank TAS 198,799 78,544 Selcuk Ecza Deposu Ticaret ve Sanayi A.S. 63,489 70,180 Soda Sanayii A.S. 187,379 303,525 Tat Gida Sanayi A.S. 22,155 45,724 TAV Havalimanlari Holding A.S. 84,474 511,950 Tekfen Holding A.S. 100,935 313,814 Tofas Turk Otomobil Fabrikasi A.S. 49,304 433,220 Trakya Cam Sanayii A.S. 269,537 285,102 #* Tumosan Motor ve Traktor Sanayi A.S. 15,308 33,935 Tupras Turkiye Petrol Rafinerileri A.S. 46,549 1,434,538 #* Turcas Petrol A.S. 85,228 53,319 #* Turk Telekomunikasyon A.S. 81,035 167,051 Turk Traktor ve Ziraat Makineleri A.S. 8,283 192,225 Turkcell Iletisim Hizmetleri A.S. 171,841 628,385 Turkcell Iletisim Hizmetleri A.S. ADR 24,748 227,682 Turkiye Garanti Bankasi A.S. 516,854 1,547,815 Turkiye Halk Bankasi A.S. 218,122 935,824 Turkiye Is Bankasi Class C 544,519 1,172,170 Turkiye Sinai Kalkinma Bankasi A.S. 781,415 339,994 Turkiye Sise ve Cam Fabrikalari A.S. 433,810 554,965 Turkiye Vakiflar Bankasi TAO Class D 389,774 780,160 Ulker Biskuvi Sanayi A.S. 63,906 385,872 * Vestel Elektronik Sanayi ve Ticaret A.S. 51,055 104,490 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------------- TURKEY -- (Continued) * Yapi ve Kredi Bankasi A.S. 173,524 $ 223,994 #* Zorlu Enerji Elektrik Uretim A.S. 287,337 120,127 -------------- TOTAL TURKEY 22,009,127 -------------- TOTAL COMMON STOCKS 1,342,308,739 -------------- PREFERRED STOCKS -- (2.7%) BRAZIL -- (2.6%) AES Tiete Energia SA 486 435 Alpargatas SA 100,308 478,964 Banco ABC Brasil SA 42,894 225,175 Banco Bradesco SA 670,995 6,496,172 Banco Bradesco SA ADR 145,519 1,399,893 Banco do Estado do Rio Grande do Sul SA Class B 116,719 547,597 * Banco Pan SA 92,332 55,665 * Banco Pine SA 6,310 6,212 Braskem SA Class A 5,600 67,002 Centrais Eletricas Brasileiras SA Class B 55,500 296,691 * Centrais Eletricas Santa Catarina 6,450 41,616 * Cia Brasileira de Distribuicao 49,214 1,144,200 Cia de Gas de Sao Paulo - COMGAS Class A 13,853 209,682 Cia de Saneamento do Parana 116,700 396,691 Cia de Transmissao de Energia Eletrica Paulista 20,235 454,231 Cia Energetica de Minas Gerais 382,303 1,044,533 Cia Energetica de Sao Paulo Class B 106,400 532,282 Cia Energetica do Ceara Class A 6,282 96,999 Cia Ferro Ligas da Bahia - FERBASA 24,100 94,287 Cia Paranaense de Energia 48,868 406,038 Eletropaulo Metropolitana Eletricidade de Sao Paulo SA 62,595 286,845 Eucatex SA Industria e Comercio 6,800 6,128 Gerdau SA 96,847 331,069 Grazziotin SA 1,600 12,478 Itau Unibanco Holding SA 959,067 11,477,987 Lojas Americanas SA 257,135 1,292,127 Marcopolo SA 285,006 297,952 * Petroleo Brasileiro SA 187,751 800,170 * Petroleo Brasileiro SA Sponsored ADR 176,992 1,504,432 Randon SA Implementos e Participacoes 106,526 182,078 Suzano Papel e Celulose SA Class A 167,008 750,863 Telefonica Brasil SA 74,769 1,119,971 Unipar Carbocloro SA Class B 15,400 44,990 * Usinas Siderurgicas de Minas Gerais SA Class A 274,260 454,703 Vale SA 272,238 2,546,598 Vale SA Sponsored ADR 227,896 2,139,943 -------------- TOTAL BRAZIL 37,242,699 -------------- CHILE -- (0.0%) Coca-Cola Embonor SA Class B 63,147 155,003 EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CHILE -- (Continued) Embotelladora Andina SA Class B 65,586 $ 298,765 ----------- TOTAL CHILE 453,768 ----------- COLOMBIA -- (0.1%) Avianca Holdings SA 210,488 186,090 Banco Davivienda SA 39,990 453,985 Bancolombia SA 16,100 176,305 Grupo Argos SA 9,350 61,120 Grupo Aval Acciones y Valores SA 537,790 237,726 Grupo de Inversiones Suramericana SA 15,103 208,782 ----------- TOTAL COLOMBIA 1,324,008 ----------- INDIA -- (0.0%) UPL, Ltd., 5.000% 41,430 8,564 * Vedanta, Ltd. 8,797,120 110,733 ----------- TOTAL INDIA 119,297 ----------- TOTAL PREFERRED STOCKS 39,139,772 ----------- RIGHTS/WARRANTS -- (0.0%) BRAZIL -- (0.0%) * Banco ABC Brasil SA Rights 08/03/17 1,510 1,451 * Brasil Brokers Participacoes SA Rights 07/31/17 32,680 105 ----------- TOTAL BRAZIL 1,556 ----------- CHILE -- (0.0%) * Grupo Security SA Rights 08/24/17 30,148 1,183 ----------- INDIA -- (0.0%) * Intellect Design Arena, Ltd. Rights 08/09/17 4,102 1,544 ----------- MALAYSIA -- (0.0%) Daibochi Plastic & Packaging Industry Bhd Warrants * 06/19/22 504 61 ----------- POLAND -- (0.0%) * Hawe SA Rights 30,550 -- ----------- SOUTH KOREA -- (0.0%) * Iljin Materials Co., Ltd. Rights 08/30/17 335 2,365 * Sejong Telecom, Inc. Rights 08/03/17 26,451 2,718 * Ssangyong Cement Industrial Co., Ltd. Rights 08/21/17 649 609 ----------- TOTAL SOUTH KOREA 5,692 ----------- TAIWAN -- (0.0%) * Airtac International Group Rights 08/09/17 1,629 5,853 * Long Chen Paper Co., Ltd. Rights 08/14/17 4,723 704 ----------- TOTAL TAIWAN 6,557 ----------- THAILAND -- (0.0%) * Jay Mart PCL Warrants 06/05/19 53,620 5,930 * MILL W4 Warrants 07/11/22 40,980 -- EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- THAILAND -- (Continued) * RS PCL Warrants 05/23/20 49,640 $ 9,100 -------------- TOTAL THAILAND 15,030 -------------- TURKEY -- (0.0%) * Boyner Perakende Ve Tekstil Yatirimlari A.S. Rights 09/11/17 2,373 20,174 -------------- TOTAL RIGHTS/WARRANTS 51,797 -------------- TOTAL INVESTMENT SECURITIES 1,381,500,308 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (3.7%) (S)@ DFA Short Term Investment Fund 4,598,513 53,213,987 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,143,479,892)^^ $1,434,714,295 ============== EMERGING MARKETS SOCIAL CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Brazil $ 73,107,611 -- -- $ 73,107,611 Chile 21,607,372 -- -- 21,607,372 China 42,190,450 $ 197,759,697 -- 239,950,147 Colombia 6,064,557 -- -- 6,064,557 Czech Republic -- 2,373,820 -- 2,373,820 Egypt -- 989,819 -- 989,819 Greece 56,527 3,592,366 -- 3,648,893 Hong Kong -- 94,530 -- 94,530 Hungary -- 5,401,925 -- 5,401,925 India 3,046,881 161,650,656 -- 164,697,537 Indonesia 3,159,294 39,137,089 -- 42,296,383 Malaysia 476,875 41,069,212 -- 41,546,087 Mexico 64,857,176 -- -- 64,857,176 Peru 3,300,026 -- -- 3,300,026 Philippines 368,340 18,542,808 -- 18,911,148 Poland -- 28,402,489 -- 28,402,489 Russia 3,718,906 13,375,173 -- 17,094,079 South Africa 11,733,753 85,257,649 -- 96,991,402 South Korea 9,302,586 215,349,855 -- 224,652,441 Taiwan 21,200,548 202,742,838 -- 223,943,386 Thailand 40,318,026 50,758 -- 40,368,784 Turkey 227,682 21,781,445 -- 22,009,127 Preferred Stocks Brazil 37,242,699 -- -- 37,242,699 Chile 453,768 -- -- 453,768 Colombia 1,324,008 -- -- 1,324,008 India 8,564 110,733 -- 119,297 Rights/Warrants Brazil -- 1,556 -- 1,556 Chile -- 1,183 -- 1,183 India -- 1,544 -- 1,544 Malaysia -- 61 -- 61 South Korea -- 5,692 -- 5,692 Taiwan -- 6,557 -- 6,557 Thailand -- 15,030 -- 15,030 Turkey -- 20,174 -- 20,174 Securities Lending Collateral -- 53,213,987 -- 53,213,987 ------------ -------------- -- -------------- TOTAL $343,765,649 $1,090,948,646 -- $1,434,714,295 ============ ============== == ============== TAX-MANAGED U.S. MARKETWIDE VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ -------------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The Tax-Managed U.S. Marketwide Value Series of The DFA Investment Trust Company $4,707,912,779 -------------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $2,636,558,671)^^ $4,707,912,779 ============== Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). TAX-MANAGED U.S. EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------ ----------- COMMON STOCKS -- (94.2%) Consumer Discretionary -- (12.5%) * 1-800-Flowers.com, Inc. Class A 3,914 $ 37,770 Aaron's, Inc. 7,750 358,670 Abercrombie & Fitch Co. Class A 8,850 87,084 Adient P.L.C. 11,140 729,336 Adtalem Global Education, Inc. 8,180 265,850 # Advance Auto Parts, Inc. 8,825 988,488 * Amazon.com, Inc. 52,740 52,095,517 # AMC Entertainment Holdings, Inc. Class A 6,137 125,195 #* AMC Networks, Inc. Class A 7,581 484,805 * America's Car-Mart, Inc. 1,100 43,120 * American Axle & Manufacturing Holdings, Inc. 7,772 114,559 American Eagle Outfitters, Inc. 21,200 251,008 * American Outdoor Brands Corp. 5,464 112,941 * American Public Education, Inc. 2,200 46,860 Aramark 27,135 1,081,601 * Asbury Automotive Group, Inc. 2,900 156,600 * Ascena Retail Group, Inc. 21,519 50,354 * Ascent Capital Group, Inc. Class A 1,135 19,182 # Autoliv, Inc. 10,546 1,143,081 #* AutoNation, Inc. 8,573 363,324 #* AutoZone, Inc. 3,604 1,945,511 #* AV Homes, Inc. 1,000 16,050 * Barnes & Noble Education, Inc. 4,113 29,737 Barnes & Noble, Inc. 6,422 52,339 Bassett Furniture Industries, Inc. 306 11,383 Beasley Broadcast Group, Inc. Class A 325 3,413 * Beazer Homes USA, Inc. 779 10,330 # Bed Bath & Beyond, Inc. 19,404 580,180 * Belmond, Ltd. Class A 12,057 157,344 Best Buy Co., Inc. 38,220 2,229,755 # Big 5 Sporting Goods Corp. 2,146 23,070 Big Lots, Inc. 5,898 292,954 * Biglari Holdings, Inc. 7 2,620 * BJ's Restaurants, Inc. 3,098 109,359 Bloomin' Brands, Inc. 16,722 291,464 Bob Evans Farms, Inc. 3,500 242,130 * Bojangles', Inc. 2,682 35,671 # BorgWarner, Inc. 26,183 1,223,793 # Boyd Gaming Corp. 5,900 147,854 * Bravo Brio Restaurant Group, Inc. 1,543 5,323 * Bridgepoint Education, Inc. 1,683 16,342 * Bright Horizons Family Solutions, Inc. 6,000 474,060 Brinker International, Inc. 6,676 236,798 Brunswick Corp. 12,048 682,037 # Buckle, Inc. (The) 3,112 53,215 * Buffalo Wild Wings, Inc. 2,300 247,250 * Build-A-Bear Workshop, Inc. 2,400 23,040 * Burlington Stores, Inc. 9,700 844,191 * Cabela's, Inc. 6,319 360,057 # Cable One, Inc. 700 531,930 CalAtlantic Group, Inc. 9,544 334,994 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Caleres, Inc. 5,187 $ 141,501 Callaway Golf Co. 13,384 170,378 * Cambium Learning Group, Inc. 11,314 55,665 Capella Education Co. 1,400 96,180 * Career Education Corp. 6,800 57,188 #* CarMax, Inc. 24,738 1,638,892 Carnival Corp. 46,270 3,089,911 # Carriage Services, Inc. 2,167 52,853 * Carrols Restaurant Group, Inc. 4,867 59,377 Carter's, Inc. 6,764 586,642 Cato Corp. (The) Class A 2,761 46,965 * Cavco Industries, Inc. 1,157 150,873 CBS Corp. Class B 48,376 3,184,592 CBS Corp. Class A 5,128 338,910 #* Central European Media Enterprises, Ltd. Class A 524 2,279 * Charter Communications, Inc. Class A 27,635 10,830,433 # Cheesecake Factory, Inc. (The) 6,350 302,133 * Cherokee, Inc. 542 2,846 Chico's FAS, Inc. 18,000 164,700 # Children's Place, Inc. (The) 2,340 247,221 #* Chipotle Mexican Grill, Inc. 3,774 1,297,388 Choice Hotels International, Inc. 5,483 354,476 #* Christopher & Banks Corp. 817 1,152 Churchill Downs, Inc. 1,444 270,100 * Chuy's Holdings, Inc. 2,100 49,455 # Cinemark Holdings, Inc. 13,622 529,896 Citi Trends, Inc. 1,200 26,580 Clear Channel Outdoor Holdings, Inc. Class A 3,850 19,520 ClubCorp Holdings, Inc. 9,017 152,838 Coach, Inc. 34,017 1,603,561 Collectors Universe, Inc. 600 14,928 Columbia Sportswear Co. 3,554 215,301 Comcast Corp. Class A 616,140 24,922,863 #* Conn's, Inc. 2,882 61,675 # Cooper Tire & Rubber Co. 9,301 339,952 * Cooper-Standard Holdings, Inc. 2,453 250,844 Core-Mark Holding Co., Inc. 6,545 240,005 # Cracker Barrel Old Country Store, Inc. 2,416 375,567 * Crocs, Inc. 9,700 77,018 CSS Industries, Inc. 1,250 33,463 Culp, Inc. 1,492 44,760 Dana, Inc. 18,876 447,739 Darden Restaurants, Inc. 15,362 1,288,565 * Dave & Buster's Entertainment, Inc. 4,945 307,134 * Deckers Outdoor Corp. 4,300 278,898 * Del Frisco's Restaurant Group, Inc. 1,881 26,710 Delphi Automotive P.L.C. 35,433 3,203,852 * Denny's Corp. 13,180 149,725 #* Destination XL Group, Inc. 4,200 8,400 # Dick's Sporting Goods, Inc. 12,139 453,270 # Dillard's, Inc. Class A 3,453 254,900 # DineEquity, Inc. 2,200 90,508 #* Discovery Communications, Inc. Class A 18,981 466,933 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) * Discovery Communications, Inc. Class C 31,398 $ 726,236 * DISH Network Corp. Class A 28,758 1,841,375 # Dollar General Corp. 35,686 2,682,160 * Dollar Tree, Inc. 28,996 2,090,032 Domino's Pizza, Inc. 6,346 1,183,529 #* Dorman Products, Inc. 4,878 380,874 DR Horton, Inc. 39,832 1,421,604 DSW, Inc. Class A 9,116 164,453 # Dunkin' Brands Group, Inc. 11,985 635,565 #* Eldorado Resorts, Inc. 2,907 59,303 # Entercom Communications Corp. Class A 2,510 24,724 Entravision Communications Corp. Class A 7,308 47,502 Ethan Allen Interiors, Inc. 2,900 92,945 #* Etsy, Inc. 5,860 84,208 * EW Scripps Co. (The) Class A 5,927 116,466 # Expedia, Inc. 16,124 2,522,922 * Express, Inc. 8,200 49,692 Extended Stay America, Inc. 18,429 364,341 #* Famous Dave's of America, Inc. 1,098 3,843 * Fiesta Restaurant Group, Inc. 2,996 50,333 # Finish Line, Inc. (The) Class A 5,300 72,928 * Five Below, Inc. 7,221 348,847 Flexsteel Industries, Inc. 300 16,794 # Foot Locker, Inc. 16,311 769,716 Ford Motor Co. 471,202 5,286,886 #* Fossil Group, Inc. 5,703 64,159 * Fox Factory Holding Corp. 6,502 250,002 * Francesca's Holdings Corp. 5,163 50,236 # Fred's, Inc. Class A 3,670 24,846 * FTD Cos., Inc. 3,370 66,221 #* G-III Apparel Group, Ltd. 8,675 225,810 # GameStop Corp. Class A 12,940 280,669 Gaming Partners International Corp. 800 8,512 Gannett Co., Inc. 11,949 107,183 # Gap, Inc. (The) 27,680 659,614 # Garmin, Ltd. 12,906 647,752 General Motors Co. 175,465 6,313,231 * Genesco, Inc. 2,400 77,040 Gentex Corp. 39,490 672,120 * Gentherm, Inc. 4,803 160,660 # Genuine Parts Co. 18,417 1,564,156 Goodyear Tire & Rubber Co. (The) 31,675 998,079 #* GoPro, Inc. Class A 8,418 69,364 Graham Holdings Co. Class B 608 360,179 #* Grand Canyon Education, Inc. 6,336 466,140 * Gray Television, Inc. 8,032 119,677 Group 1 Automotive, Inc. 2,780 165,549 # Guess?, Inc. 6,590 86,065 H&R Block, Inc. 27,092 826,306 # Hanesbrands, Inc. 46,000 1,054,320 # Harley-Davidson, Inc. 24,000 1,168,080 * Harte-Hanks, Inc. 3,368 3,250 Hasbro, Inc. 13,323 1,410,639 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Haverty Furniture Cos., Inc. 1,700 $ 37,825 * Helen of Troy, Ltd. 3,400 342,550 * Hibbett Sports, Inc. 2,888 45,053 * Hilton Grand Vacations, Inc. 7,504 275,847 Hilton Worldwide Holdings, Inc. 35,085 2,193,865 Home Depot, Inc. (The) 157,438 23,552,725 Hooker Furniture Corp. 1,300 54,860 #* Horizon Global Corp. 3,471 48,386 * Houghton Mifflin Harcourt Co. 15,145 180,983 HSN, Inc. 4,220 167,323 * Hyatt Hotels Corp. Class A 4,393 244,119 #* Iconix Brand Group, Inc. 7,198 48,011 ILG, Inc. 13,528 358,627 * IMAX Corp. 5,716 122,322 * Installed Building Products, Inc. 3,123 168,017 # International Game Technology P.L.C. 7,805 148,607 International Speedway Corp. Class A 2,719 97,340 Interpublic Group of Cos., Inc. (The) 49,816 1,076,524 #* iRobot Corp. 3,667 386,905 * J Alexander's Holdings, Inc. 1,458 15,382 Jack in the Box, Inc. 4,400 408,144 #* JAKKS Pacific, Inc. 2,151 7,098 #* JC Penney Co., Inc. 34,278 185,444 John Wiley & Sons, Inc. Class A 5,420 299,455 Johnson Outdoors, Inc. Class A 1,187 59,967 * K12, Inc. 3,115 55,167 KB Home 8,900 203,988 * Kirkland's, Inc. 1,502 14,044 # Kohl's Corp. 23,760 982,476 #* Kona Grill, Inc. 1,120 2,968 # L Brands, Inc. 29,943 1,389,056 * La Quinta Holdings, Inc. 8,545 127,406 La-Z-Boy, Inc. 6,000 202,800 * Lakeland Industries, Inc. 1,000 15,050 * Lands' End, Inc. 1,303 17,591 Las Vegas Sands Corp. 55,232 3,402,844 # LCI Industries 3,891 415,364 Lear Corp. 9,400 1,392,986 # Leggett & Platt, Inc. 18,177 875,768 Lennar Corp. Class A 22,716 1,191,227 Lennar Corp. Class B 1,241 55,187 Libbey, Inc. 2,200 19,800 * Liberty Broadband Corp. Class A 3,494 345,626 * Liberty Broadband Corp. Class C 14,388 1,427,002 * Liberty Expedia Holdings, Inc. Class A 5,824 332,259 * Liberty Interactive Corp., QVC Group Class A 55,690 1,333,219 * Liberty Media Corp.-Liberty Braves Class A 1,077 27,183 * Liberty Media Corp.-Liberty Braves Class B 20 553 * Liberty Media Corp.-Liberty Braves Class C 2,265 57,146 #* Liberty Media Corp.-Liberty Formula One Class A 2,694 90,923 * Liberty Media Corp.-Liberty Formula One Class C 5,664 199,203 * Liberty Media Corp.-Liberty SiriusXM Class A 10,779 497,235 * Liberty Media Corp.-Liberty SiriusXM Class B 200 9,387 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) * Liberty Media Corp.-Liberty SiriusXM Class C 22,658 $ 1,042,268 * Liberty TripAdvisor Holdings, Inc. Class A 6,644 78,067 * Liberty Ventures Series A 8,736 529,227 Lifetime Brands, Inc. 300 5,685 # Lions Gate Entertainment Corp. Class A 6,097 179,252 * Lions Gate Entertainment Corp. Class B 13,882 381,894 # Lithia Motors, Inc. Class A 2,987 308,408 * Live Nation Entertainment, Inc. 19,237 716,963 * LKQ Corp. 37,147 1,283,800 Lowe's Cos., Inc. 108,839 8,424,139 * Luby's, Inc. 1,849 5,307 * Lululemon Athletica, Inc. 12,630 778,513 #* Lumber Liquidators Holdings, Inc. 2,649 65,457 * M/I Homes, Inc. 2,750 71,335 Macy's, Inc. 38,835 922,331 * Madison Square Garden Co. (The) Class A 2,400 527,328 * Malibu Boats, Inc. Class A 3,500 100,135 Marcus Corp. (The) 2,400 65,280 Marine Products Corp. 1,049 15,231 * MarineMax, Inc. 4,119 61,579 Marriott International, Inc. Class A 42,400 4,417,656 Marriott Vacations Worldwide Corp. 2,389 279,155 # Mattel, Inc. 40,965 820,119 #* McClatchy Co. (The) Class A 430 3,440 McDonald's Corp. 105,522 16,370,683 MDC Holdings, Inc. 4,667 160,031 (degrees) Media General, Inc. 3,778 7,632 # Meredith Corp. 4,576 272,043 * Meritage Homes Corp. 3,700 150,775 # MGM Resorts International 54,564 1,796,793 * Michael Kors Holdings, Ltd. 22,453 818,187 * Michaels Cos., Inc. (The) 12,966 261,135 * Modine Manufacturing Co. 8,649 140,546 * Mohawk Industries, Inc. 7,508 1,869,417 * Monarch Casino & Resort, Inc. 1,845 61,051 # Monro Muffler Brake, Inc. 3,878 180,715 #* Motorcar Parts of America, Inc. 2,528 70,708 Movado Group, Inc. 2,362 58,105 * MSG Networks, Inc. Class A 12,005 256,907 #* Murphy USA, Inc. 4,848 367,139 # NACCO Industries, Inc. Class A 287 18,827 * Nathan's Famous, Inc. 509 31,813 National CineMedia, Inc. 6,419 45,896 #* Nautilus, Inc. 4,149 73,022 * Netflix, Inc. 54,687 9,934,440 * New York & Co., Inc. 5,059 7,892 New York Times Co. (The) Class A 14,000 266,000 Newell Brands, Inc. 57,325 3,022,174 News Corp. Class A 47,212 675,604 News Corp. Class B 12,426 182,662 # Nexstar Media Group, Inc. Class A 5,522 361,139 # NIKE, Inc. Class B 169,547 10,011,750 # Nordstrom, Inc. 15,210 738,750 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) * Norwegian Cruise Line Holdings, Ltd. 18,543 $ 1,021,163 Nutrisystem, Inc. 4,889 272,562 * NVR, Inc. 500 1,305,220 * O'Reilly Automotive, Inc. 11,628 2,375,600 Office Depot, Inc. 52,875 310,376 #* Ollie's Bargain Outlet Holdings, Inc. 7,467 333,775 # Omnicom Group, Inc. 30,860 2,429,916 * Overstock.com, Inc. 1,830 29,280 Oxford Industries, Inc. 2,882 181,941 # Papa John's International, Inc. 3,800 271,054 #* Penn National Gaming, Inc. 6,827 137,632 Penske Automotive Group, Inc. 4,700 204,638 * Perry Ellis International, Inc. 969 19,031 PetMed Express, Inc. 2,200 104,588 * PICO Holdings, Inc. 1,800 29,250 Pier 1 Imports, Inc. 10,500 48,405 * Pinnacle Entertainment, Inc. 5,500 104,500 # Planet Fitness, Inc. Class A 9,267 209,990 # Polaris Industries, Inc. 6,994 627,082 # Pool Corp. 5,100 551,412 * Priceline Group, Inc. (The) 6,433 13,049,340 PulteGroup, Inc. 36,663 895,310 PVH Corp. 9,783 1,167,014 # Ralph Lauren Corp. 6,732 509,276 RCI Hospitality Holdings, Inc. 1,000 22,690 * Red Lion Hotels Corp. 2,034 14,543 * Red Robin Gourmet Burgers, Inc. 3,072 183,706 # Red Rock Resorts, Inc. Class A 3,021 72,202 # Regal Entertainment Group Class A 13,773 261,962 * Regis Corp. 4,556 47,975 # Rent-A-Center, Inc. 6,145 81,237 #* RH 4,568 297,514 Rocky Brands, Inc. 231 3,222 Ross Stores, Inc. 51,561 2,852,355 Royal Caribbean Cruises, Ltd. 22,400 2,532,768 * Ruby Tuesday, Inc. 5,370 10,847 Ruth's Hospitality Group, Inc. 4,284 85,680 Saga Communications, Inc. Class A 575 22,339 Salem Media Group, Inc. 400 2,860 #* Sally Beauty Holdings, Inc. 17,735 358,779 Scholastic Corp. 2,600 107,718 #* Scientific Games Corp. Class A 3,918 145,162 # Scripps Networks Interactive, Inc. Class A 9,989 873,138 # SeaWorld Entertainment, Inc. 7,469 114,873 * Select Comfort Corp. 5,594 189,133 #* Sequential Brands Group, Inc. 194 623 Service Corp. International 22,783 791,254 #* ServiceMaster Global Holdings, Inc. 16,415 721,603 #* Shake Shack, Inc. Class A 1,600 52,816 * Shiloh Industries, Inc. 1,564 11,605 Shoe Carnival, Inc. 771 14,078 * Shutterfly, Inc. 3,662 179,584 # Signet Jewelers, Ltd. 8,700 532,092 Sinclair Broadcast Group, Inc. Class A 10,008 360,788 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) # Sirius XM Holdings, Inc. 245,576 $1,439,075 # Six Flags Entertainment Corp. 8,978 510,579 * Skechers U.S.A., Inc. Class A 15,711 441,322 * Skyline Corp. 800 5,976 # Sonic Automotive, Inc. Class A 4,001 72,618 # Sonic Corp. 6,463 152,915 * Sotheby's 7,207 407,844 Speedway Motorsports, Inc. 2,352 50,004 # Stage Stores, Inc. 3,250 6,468 Standard Motor Products, Inc. 3,866 194,769 Staples, Inc. 78,677 798,572 Starbucks Corp. 184,919 9,981,928 # Stein Mart, Inc. 3,347 4,652 * Steven Madden, Ltd. 6,892 282,572 * Stoneridge, Inc. 3,400 51,884 Strayer Education, Inc. 1,137 89,391 Sturm Ruger & Co., Inc. 1,900 109,440 Superior Industries International, Inc. 2,200 43,010 Superior Uniform Group, Inc. 324 7,235 * Tandy Leather Factory, Inc. 663 5,868 # Target Corp. 70,314 3,984,694 * Taylor Morrison Home Corp. Class A 3,505 79,283 TEGNA, Inc. 23,899 354,422 #* Tempur Sealy International, Inc. 7,223 416,550 Tenneco, Inc. 6,595 364,703 * Tesla, Inc. 15,419 4,987,584 Texas Roadhouse, Inc. 7,857 371,636 Thor Industries, Inc. 5,969 628,834 # Tiffany & Co. 14,675 1,401,609 # Tile Shop Holdings, Inc. 1,665 24,309 Time Warner, Inc. 97,500 9,985,950 Time, Inc. 12,349 173,503 TJX Cos., Inc. (The) 85,129 5,985,420 Toll Brothers, Inc. 20,185 778,939 * TopBuild Corp. 5,949 313,988 Tower International, Inc. 2,300 56,810 # Tractor Supply Co. 15,888 891,635 * TRI Pointe Group, Inc. 13,391 178,100 #* TripAdvisor, Inc. 13,717 535,237 #* Tuesday Morning Corp. 3,200 5,920 Tupperware Brands Corp. 6,100 370,331 Twenty-First Century Fox, Inc. Class A 137,768 4,009,049 Twenty-First Century Fox, Inc. Class B 54,449 1,562,142 * Ulta Salon Cosmetics & Fragrance, Inc. 7,381 1,854,181 #* Under Armour, Inc. Class A 22,925 458,958 #* Under Armour, Inc. Class C 24,564 444,854 * Unifi, Inc. 1,766 57,854 * Universal Electronics, Inc. 1,700 116,365 * Universal Technical Institute, Inc. 2,300 8,188 #* Urban Outfitters, Inc. 12,450 243,895 Vail Resorts, Inc. 5,101 1,075,087 * Vera Bradley, Inc. 2,206 22,236 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) # VF Corp. 40,900 $ 2,543,571 # Viacom, Inc. Class A 1,192 48,276 Viacom, Inc. Class B 42,474 1,483,192 * Vista Outdoor, Inc. 7,300 168,557 * Visteon Corp. 4,607 513,865 * Vitamin Shoppe, Inc. 2,565 28,215 Walt Disney Co. (The) 202,392 22,248,953 * Wayfair, Inc. Class A 3,848 293,795 #* Weight Watchers International, Inc. 2,900 103,878 # Wendy's Co. (The) 26,524 409,531 West Marine, Inc. 2,681 34,558 Whirlpool Corp. 9,105 1,619,597 #* William Lyon Homes Class A 418 9,451 # Williams-Sonoma, Inc. 10,060 467,086 * Wingstop, Inc. 2,648 79,466 Winmark Corp. 300 39,915 Winnebago Industries, Inc. 5,624 206,963 Wolverine World Wide, Inc. 10,800 304,560 Wyndham Worldwide Corp. 13,602 1,419,641 # Wynn Resorts, Ltd. 9,691 1,253,434 Yum! Brands, Inc. 43,884 3,312,364 * ZAGG, Inc. 171 1,445 * Zumiez, Inc. 2,400 30,480 ------------ Total Consumer Discretionary 412,440,115 ------------ Consumer Staples -- (7.8%) Alico, Inc. 496 14,979 * Alliance One International, Inc. 876 13,315 Altria Group, Inc. 250,577 16,279,988 Andersons, Inc. (The) 2,677 92,223 Archer-Daniels-Midland Co. 73,790 3,112,462 #* Avon Products, Inc. 63,824 232,319 # B&G Foods, Inc. 8,042 291,523 #* Blue Buffalo Pet Products, Inc. 13,977 312,666 #* Boston Beer Co., Inc. (The) Class A 1,385 217,168 # British American Tobacco P.L.C. Sponsored ADR 40,472 2,530,289 Brown-Forman Corp. Class A 15,102 778,357 Brown-Forman Corp. Class B 26,788 1,323,327 Bunge, Ltd. 17,035 1,335,374 * Cal-Maine Foods, Inc. 4,200 160,230 # Calavo Growers, Inc. 2,564 189,864 Campbell Soup Co. 25,236 1,333,218 # Casey's General Stores, Inc. 5,202 555,314 * Central Garden & Pet Co. 1,175 37,600 * Central Garden & Pet Co. Class A 5,929 182,376 #* Chefs' Warehouse, Inc. (The) 1,231 17,850 Church & Dwight Co., Inc. 32,298 1,723,098 Clorox Co. (The) 15,820 2,111,812 Coca-Cola Bottling Co. Consolidated 781 187,510 Coca-Cola Co. (The) 528,214 24,213,330 Colgate-Palmolive Co. 107,816 7,784,315 Conagra Brands, Inc. 51,808 1,773,906 Constellation Brands, Inc. Class A 21,754 4,206,136 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Costco Wholesale Corp. 56,625 $ 8,975,629 # Coty, Inc. Class A 95,261 1,950,945 CVS Health Corp. 132,079 10,557,074 * Darling Ingredients, Inc. 20,752 337,635 Dean Foods Co. 13,684 205,260 Dr Pepper Snapple Group, Inc. 23,478 2,140,254 #* Edgewell Personal Care Co. 7,514 542,511 Energizer Holdings, Inc. 8,544 393,622 Estee Lauder Cos., Inc. (The) Class A 26,558 2,628,976 * Farmer Brothers Co. 1,300 40,495 # Flowers Foods, Inc. 24,021 422,529 Fresh Del Monte Produce, Inc. 5,548 285,556 General Mills, Inc. 73,832 4,109,489 #* Hain Celestial Group, Inc. (The) 12,400 554,404 #* Herbalife, Ltd. 8,600 571,986 Hershey Co. (The) 17,763 1,870,622 # Hormel Foods Corp. 36,154 1,235,382 * Hostess Brands, Inc. 3,261 49,828 * HRG Group, Inc. 13,900 230,323 Ingles Markets, Inc. Class A 1,110 32,745 Ingredion, Inc. 9,295 1,146,259 Inter Parfums, Inc. 3,030 117,564 #* Inventure Foods, Inc. 1,529 5,963 J&J Snack Foods Corp. 1,991 261,617 JM Smucker Co. (The) 14,434 1,759,505 # John B. Sanfilippo & Son, Inc. 1,301 83,680 # Kellogg Co. 32,355 2,200,140 Kimberly-Clark Corp. 45,042 5,547,373 Kraft Heinz Co. (The) 77,594 6,786,371 Kroger Co. (The) 112,465 2,757,642 Lamb Weston Holdings, Inc. 18,469 812,267 Lancaster Colony Corp. 2,500 306,550 * Landec Corp. 3,992 49,102 * Lifeway Foods, Inc. 315 2,889 # McCormick & Co., Inc. Non-Voting 14,407 1,372,987 McCormick & Co., Inc. Voting 607 57,835 Medifast, Inc. 2,100 89,649 MGP Ingredients, Inc. 1,414 83,369 Molson Coors Brewing Co. Class B 21,676 1,928,730 Mondelez International, Inc. Class A 194,993 8,583,592 * Monster Beverage Corp. 50,326 2,654,697 # National Beverage Corp. 1,044 106,613 * Natural Alternatives International, Inc. 1,000 10,000 Nu Skin Enterprises, Inc. Class A 7,059 447,258 Nutraceutical International Corp. 1,459 60,986 Oil-Dri Corp. of America 641 26,512 Omega Protein Corp. 2,100 33,600 PepsiCo, Inc. 186,007 21,690,276 * Performance Food Group Co. 3,753 108,086 Philip Morris International, Inc. 203,770 23,781,997 #* Pilgrim's Pride Corp. 7,683 186,620 Pinnacle Foods, Inc. 14,838 881,080 #* Post Holdings, Inc. 7,867 654,534 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) # PriceSmart, Inc. 2,200 $ 185,350 Procter & Gamble Co. (The) 331,775 30,131,806 * Revlon, Inc. Class A 1,909 37,321 #* Rite Aid Corp. 114,155 255,707 Rocky Mountain Chocolate Factory, Inc. 950 11,296 Sanderson Farms, Inc. 2,941 384,536 * Seneca Foods Corp. Class A 500 14,350 # Snyder's-Lance, Inc. 9,222 320,833 SpartanNash Co. 4,621 128,187 # Spectrum Brands Holdings, Inc. 3,150 363,636 * Sprouts Farmers Market, Inc. 16,414 395,085 * SUPERVALU, Inc. 32,735 117,191 Sysco Corp. 66,505 3,499,493 # Tootsie Roll Industries, Inc. 2,238 83,254 #* TreeHouse Foods, Inc. 6,632 562,593 Tyson Foods, Inc. Class A 37,018 2,345,460 * United Natural Foods, Inc. 6,000 231,180 United-Guardian, Inc. 600 9,450 Universal Corp. 3,647 233,226 * USANA Health Sciences, Inc. 1,600 91,360 # Vector Group, Ltd. 11,916 239,869 Wal-Mart Stores, Inc. 198,027 15,840,180 Walgreens Boots Alliance, Inc. 119,010 9,600,537 # WD-40 Co. 1,826 194,743 Weis Markets, Inc. 1,930 91,308 Whole Foods Market, Inc. 39,715 1,658,498 ------------ Total Consumer Staples 259,767,606 ------------ Energy -- (5.4%) Adams Resources & Energy, Inc. 300 11,397 Anadarko Petroleum Corp. 71,066 3,245,584 Andeavor 18,853 1,876,439 #* Antero Resources Corp. 17,655 364,046 # Apache Corp. 48,043 2,377,168 Archrock, Inc. 6,100 66,795 #* Atwood Oceanics, Inc. 6,359 49,982 Baker Hughes a GE Co. 51,879 1,913,816 * Bill Barrett Corp. 5,020 16,968 # Bristow Group, Inc. 3,865 28,485 # Cabot Oil & Gas Corp. 62,526 1,555,022 #* Callon Petroleum Co. 7,072 80,055 #* CARBO Ceramics, Inc. 2,120 14,988 Cheniere Energy Partners L.P. Holdings LLC 4,680 122,476 #* Cheniere Energy, Inc. 26,259 1,186,907 #* Chesapeake Energy Corp. 107,569 533,542 Chevron Corp. 248,604 27,145,071 Cimarex Energy Co. 12,091 1,197,372 * Clean Energy Fuels Corp. 7,414 19,425 * Cloud Peak Energy, Inc. 5,872 20,317 #* Cobalt International Energy, Inc. 1,878 4,845 * Concho Resources, Inc. 18,851 2,455,531 ConocoPhillips 158,936 7,210,926 #* CONSOL Energy, Inc. 24,000 402,240 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) * Contango Oil & Gas Co. 316 $ 1,896 #* Continental Resources, Inc. 12,475 417,039 # Core Laboratories NV 5,577 560,656 # CVR Energy, Inc. 2,684 50,754 * Dawson Geophysical Co. 1,639 6,572 Delek US Holdings, Inc. 6,581 171,830 #* Denbury Resources, Inc. 25,261 36,881 Devon Energy Corp. 60,033 1,999,699 DHT Holdings, Inc. 6,363 26,470 * Diamond Offshore Drilling, Inc. 7,869 97,733 #* Diamondback Energy, Inc. 11,629 1,114,989 #* Dril-Quip, Inc. 4,787 213,500 * Energen Corp. 12,873 685,873 EnLink Midstream LLC 6,767 118,761 # Ensco P.L.C. Class A 27,308 144,459 EOG Resources, Inc. 73,232 6,967,293 #* EP Energy Corp. Class A 3,876 13,101 # EQT Corp. 21,745 1,385,157 * Era Group, Inc. 2,200 19,272 * Exterran Corp. 3,494 96,749 Exxon Mobil Corp. 552,073 44,187,923 #* Forum Energy Technologies, Inc. 8,293 109,882 # Frank's International NV 4,232 34,279 # GasLog, Ltd. 2,473 45,132 #* Geospace Technologies Corp. 1,000 15,390 Green Plains, Inc. 3,514 69,402 Gulf Island Fabrication, Inc. 1,100 12,540 * Gulfport Energy Corp. 14,899 188,025 Halliburton Co. 112,057 4,755,699 * Helix Energy Solutions Group, Inc. 15,866 103,764 # Helmerich & Payne, Inc. 13,929 705,086 # Hess Corp. 35,722 1,591,058 HollyFrontier Corp. 22,236 641,286 #* Hornbeck Offshore Services, Inc. 3,129 7,885 * International Seaways, Inc. 164 3,741 #* ION Geophysical Corp. 836 2,968 Kinder Morgan, Inc. 249,978 5,107,051 #* Kosmos Energy, Ltd. 30,409 200,699 #* Laredo Petroleum, Inc. 22,746 294,788 Marathon Oil Corp. 102,259 1,250,628 Marathon Petroleum Corp. 67,420 3,774,846 * Matrix Service Co. 3,244 33,575 * McDermott International, Inc. 24,310 164,579 * Mitcham Industries, Inc. 1,264 5,018 # Murphy Oil Corp. 19,314 513,366 Nabors Industries, Ltd. 35,307 272,217 # National Oilwell Varco, Inc. 45,585 1,491,085 * Natural Gas Services Group, Inc. 1,600 39,920 * Newfield Exploration Co. 25,191 723,737 * Newpark Resources, Inc. 9,500 79,325 # Noble Corp. P.L.C. 26,000 104,000 Noble Energy, Inc. 53,595 1,549,431 # Nordic American Offshore, Ltd. 19 23 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) # Nordic American Tankers, Ltd. 2,265 $ 13,318 * Oasis Petroleum, Inc. 25,762 200,428 Occidental Petroleum Corp. 96,636 5,984,667 Oceaneering International, Inc. 11,442 293,487 * Oil States International, Inc. 5,700 141,645 ONEOK, Inc. 28,207 1,595,670 * Overseas Shipholding Group, Inc. Class A 494 1,522 Panhandle Oil and Gas, Inc. Class A 2,000 44,000 * Parker Drilling Co. 9,114 10,937 * Parsley Energy, Inc. Class A 26,780 784,118 Patterson-UTI Energy, Inc. 20,610 398,597 # PBF Energy, Inc. Class A 11,708 266,591 * PDC Energy, Inc. 7,417 349,786 * PHI, Inc. 1,795 17,412 Phillips 66 62,092 5,200,205 * Pioneer Energy Services Corp. 8,743 19,235 Pioneer Natural Resources Co. 21,579 3,519,535 * QEP Resources, Inc. 28,497 244,219 # Range Resources Corp. 25,148 530,874 #* Renewable Energy Group, Inc. 5,800 72,500 * Rice Energy, Inc. 18,898 528,577 * RigNet, Inc. 1,066 20,201 #* Ring Energy, Inc. 1,500 19,590 * Rowan Cos. P.L.C. Class A 13,381 156,156 # RPC, Inc. 9,225 191,050 * RSP Permian, Inc. 16,721 574,534 Schlumberger, Ltd. 179,668 12,325,225 Scorpio Tankers, Inc. 18,204 67,537 * SEACOR Holdings, Inc. 2,200 74,998 * SEACOR Marine Holdings, Inc. 2,211 32,236 SemGroup Corp. Class A 7,546 204,119 # Ship Finance International, Ltd. 6,400 87,040 # SM Energy Co. 10,800 187,812 #* SRC Energy, Inc. 19,257 163,877 #* Superior Energy Services, Inc. 19,167 206,237 Targa Resources Corp. 21,497 997,676 * TechnipFMC P.L.C. 34,574 986,742 # Teekay Corp. 4,349 42,620 # Teekay Tankers, Ltd. Class A 2,298 4,136 #* Tesco Corp. 2,270 10,442 * TETRA Technologies, Inc. 8,150 22,902 #* Transocean, Ltd. 50,725 438,771 * Unit Corp. 5,037 90,565 # US Silica Holdings, Inc. 9,737 283,639 Valero Energy Corp. 57,172 3,943,153 #* Weatherford International P.L.C. 115,295 514,216 #* Whiting Petroleum Corp. 45,211 237,358 Williams Cos., Inc. (The) 101,637 3,230,024 World Fuel Services Corp. 8,145 263,409 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) * WPX Energy, Inc. 47,929 $ 516,675 ------------ Total Energy 180,216,692 ------------ Financials -- (14.5%) 1st Source Corp. 2,189 107,480 Affiliated Managers Group, Inc. 6,765 1,257,140 Aflac, Inc. 51,764 4,128,179 * Alleghany Corp. 2,069 1,269,000 Allstate Corp. (The) 46,357 4,218,487 Ally Financial, Inc. 49,552 1,121,857 * Ambac Financial Group, Inc. 5,480 111,956 American Equity Investment Life Holding Co. 11,011 294,875 American Express Co. 99,588 8,487,885 American Financial Group, Inc. 9,669 980,437 American International Group, Inc. 140,259 9,179,952 American National Insurance Co. 1,054 125,426 American River Bankshares 882 12,304 Ameriprise Financial, Inc. 21,340 3,091,739 Ameris Bancorp 5,243 240,129 AMERISAFE, Inc. 2,573 148,591 AmeriServ Financial, Inc. 100 395 # Amtrust Financial Services, Inc. 10,510 168,160 Aon P.L.C. 33,234 4,591,942 * Arch Capital Group, Ltd. 15,456 1,503,251 Argo Group International Holdings, Ltd. 3,968 237,882 Arrow Financial Corp. 971 31,655 Arthur J Gallagher & Co. 21,171 1,244,643 # Artisan Partners Asset Management, Inc. Class A 6,007 199,733 Aspen Insurance Holdings, Ltd. 7,426 362,389 Associated Banc-Corp 18,644 446,524 Assurant, Inc. 7,576 797,526 Assured Guaranty, Ltd. 18,300 823,683 * Asta Funding, Inc. 47 344 Astoria Financial Corp. 14,564 293,902 * Atlantic Coast Financial Corp. 137 1,089 * Atlanticus Holdings Corp. 1,196 2,954 Axis Capital Holdings, Ltd. 12,040 777,543 Baldwin & Lyons, Inc. Class B 562 13,151 # Banc of California, Inc. 5,496 112,943 BancFirst Corp. 928 99,064 * Bancorp, Inc. (The) 4,099 31,767 BancorpSouth, Inc. 10,334 310,537 Bank Mutual Corp. 6,120 60,894 Bank of America Corp. 1,301,846 31,400,526 # Bank of Hawaii Corp. 5,700 476,919 Bank of New York Mellon Corp. (The) 133,966 7,104,217 # Bank of the Ozarks, Inc. 14,313 617,606 BankUnited, Inc. 13,594 467,905 Banner Corp. 3,757 217,042 # BB&T Corp. 103,688 4,906,516 Beneficial Bancorp, Inc. 8,200 127,920 * Berkshire Hathaway, Inc. Class B 251,340 43,976,960 Berkshire Hills Bancorp, Inc. 4,096 152,166 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) BGC Partners, Inc. Class A 29,733 $ 374,933 BlackRock, Inc. 15,531 6,624,437 #* BofI Holding, Inc. 7,924 220,842 BOK Financial Corp. 2,703 229,944 Boston Private Financial Holdings, Inc. 16,355 251,049 Bridge Bancorp, Inc. 439 14,268 Brookline Bancorp, Inc. 9,168 136,145 Brown & Brown, Inc. 15,100 673,460 Bryn Mawr Bank Corp. 1,849 78,490 Camden National Corp. 900 37,800 Canadian Imperial Bank of Commerce 1,117 97,000 Capital Bank Financial Corp. Class A 3,611 137,218 Capital City Bank Group, Inc. 1,069 22,834 Capital One Financial Corp. 62,746 5,407,450 Capitol Federal Financial, Inc. 16,210 231,155 Cathay General Bancorp 10,064 376,897 # CBOE Holdings, Inc. 13,890 1,313,022 CenterState Banks, Inc. 7,455 186,300 Central Pacific Financial Corp. 4,331 133,958 Charles Schwab Corp. (The) 154,925 6,646,282 Chemical Financial Corp. 9,363 451,203 Chubb, Ltd. 60,231 8,821,432 Cincinnati Financial Corp. 19,015 1,448,182 CIT Group, Inc. 23,481 1,118,870 Citigroup, Inc. 366,966 25,118,823 Citizens Community Bancorp, Inc. 600 8,370 Citizens Financial Group, Inc. 63,145 2,215,127 #* Citizens, Inc. 4,015 32,321 # City Holding Co. 1,857 121,875 Clifton Bancorp, Inc. 4,845 80,863 CME Group, Inc. 43,165 5,292,892 CNA Financial Corp. 4,268 221,723 CNB Financial Corp. 280 7,381 CNO Financial Group, Inc. 21,200 485,056 CoBiz Financial, Inc. 4,952 87,155 Cohen & Steers, Inc. 3,355 135,542 Columbia Banking System, Inc. 8,988 358,082 Comerica, Inc. 21,255 1,536,949 # Commerce Bancshares, Inc. 11,473 665,893 # Community Bank System, Inc. 7,087 389,076 Community Trust Bancorp, Inc. 1,749 75,557 ConnectOne Bancorp, Inc. 3,250 73,125 * Consumer Portfolio Services, Inc. 1,025 4,213 #* Cowen, Inc. 1,012 16,192 Crawford & Co. Class A 3,717 27,617 Crawford & Co. Class B 1,800 16,164 #* Credit Acceptance Corp. 897 223,443 Cullen/Frost Bankers, Inc. 7,681 697,281 * Customers Bancorp, Inc. 2,950 88,057 # CVB Financial Corp. 13,135 282,928 Diamond Hill Investment Group, Inc. 388 76,630 Dime Community Bancshares, Inc. 5,980 124,384 Discover Financial Services 50,145 3,055,836 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Donegal Group, Inc. Class A 1,374 $ 20,720 * Donnelley Financial Solutions, Inc. 3,156 73,219 * E*TRADE Financial Corp. 35,391 1,451,031 * Eagle Bancorp, Inc. 3,968 247,802 East West Bancorp, Inc. 18,946 1,079,543 # Eaton Vance Corp. 14,485 711,069 * eHealth, Inc. 2,800 47,628 EMC Insurance Group, Inc. 1,299 35,982 Employers Holdings, Inc. 3,900 169,065 * Encore Capital Group, Inc. 2,794 112,039 * Enova International, Inc. 2,690 39,005 * Enstar Group, Ltd. 1,077 218,200 Enterprise Financial Services Corp. 3,580 141,589 Erie Indemnity Co. Class A 3,717 473,769 ESSA Bancorp, Inc. 707 10,428 * Essent Group, Ltd. 6,729 258,528 Evercore Partners, Inc. Class A 5,480 431,002 Everest Re Group, Ltd. 5,600 1,469,384 * Ezcorp, Inc. Class A 4,723 36,839 # FactSet Research Systems, Inc. 5,114 855,163 Fairfax Financial Holdings, Ltd. 531 252,889 FBL Financial Group, Inc. Class A 2,100 142,590 * FCB Financial Holdings, Inc. Class A 6,566 309,587 Federal Agricultural Mortgage Corp. Class C 1,380 94,613 # Federated Investors, Inc. Class B 12,401 357,521 Federated National Holding Co. 1,029 16,382 Fidelity Southern Corp. 1,153 24,282 Fifth Third Bancorp 96,001 2,563,227 # Financial Engines, Inc. 6,782 260,768 Financial Institutions, Inc. 1,243 36,544 * First Acceptance Corp. 181 163 First American Financial Corp. 13,379 647,677 * First BanCorp(318672706) 13,736 80,493 First Bancorp(318910106) 1,500 46,950 First Busey Corp. 3,618 105,790 First Citizens BancShares, Inc. Class A 1,022 376,116 First Commonwealth Financial Corp. 18,545 241,641 First Community Bancshares, Inc. 1,700 46,274 First Defiance Financial Corp. 1,538 79,591 First Financial Bancorp 7,926 202,906 # First Financial Bankshares, Inc. 7,170 310,102 First Financial Corp. 1,100 50,655 # First Horizon National Corp. 30,142 525,375 First Interstate Bancsystem, Inc. Class A 3,727 136,222 First Merchants Corp. 6,618 267,632 First Midwest Bancorp, Inc. 13,632 302,767 First Republic Bank 18,404 1,846,473 First South Bancorp, Inc. 1,685 28,999 FirstCash, Inc. 5,838 339,480 * Flagstar Bancorp, Inc. 1,679 54,668 Flushing Financial Corp. 3,663 104,505 FNB Corp. 40,336 552,603 FNF Group 25,329 1,237,575 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) * FNFV Group 8,442 $ 145,624 Franklin Resources, Inc. 46,720 2,092,122 Fulton Financial Corp. 24,716 451,067 GAMCO Investors, Inc. Class A 467 14,342 * Genworth Financial, Inc. Class A 57,056 195,702 German American Bancorp, Inc. 2,097 75,136 # Glacier Bancorp, Inc. 10,240 357,581 * Global Indemnity, Ltd. 1,204 46,667 Goldman Sachs Group, Inc. (The) 46,282 10,428,723 * Great Elm Capital Group, Inc. 1,106 3,816 Great Southern Bancorp, Inc. 1,100 57,145 Great Western Bancorp, Inc. 5,523 215,452 * Green Dot Corp. Class A 6,227 250,574 # Greenhill & Co., Inc. 2,931 54,224 #* Greenlight Capital Re, Ltd. Class A 2,682 57,395 Guaranty Bancorp 319 8,501 * Hallmark Financial Services, Inc. 1,034 11,633 Hancock Holding Co. 10,430 479,780 Hanmi Financial Corp. 4,412 126,404 Hanover Insurance Group, Inc. (The) 5,156 489,098 Hartford Financial Services Group, Inc. (The) 49,236 2,707,980 # HCI Group, Inc. 1,104 49,779 Heartland Financial USA, Inc. 2,144 100,982 Heritage Commerce Corp. 6,041 83,909 Heritage Financial Corp. 2,274 61,853 Hilltop Holdings, Inc. 10,020 250,801 Home BancShares, Inc. 16,050 398,040 * HomeStreet, Inc. 1,186 31,133 * HomeTrust Bancshares, Inc. 1,062 25,647 Hope Bancorp, Inc. 15,457 272,507 HopFed Bancorp, Inc. 208 3,033 Horace Mann Educators Corp. 4,078 150,478 Houlihan Lokey, Inc. 1,771 65,846 Huntington Bancshares, Inc. 136,546 1,809,234 Iberiabank Corp. 6,455 521,887 Independence Holding Co. 2,640 58,608 Independent Bank Corp. 3,127 223,111 Independent Bank Group, Inc. 1,100 66,385 Infinity Property & Casualty Corp. 800 80,040 # Interactive Brokers Group, Inc. Class A 7,303 292,485 Intercontinental Exchange, Inc. 74,963 5,000,782 International Bancshares Corp. 7,870 278,598 * INTL. FCStone, Inc. 1,015 39,717 Invesco, Ltd. 48,960 1,702,339 Investment Technology Group, Inc. 3,824 84,396 # Investors Bancorp, Inc. 40,700 540,496 James River Group Holdings, Ltd. 800 32,128 #* Janus Henderson Group P.L.C. 23,677 792,943 JPMorgan Chase & Co. 465,100 42,696,180 Kearny Financial Corp. 8,597 125,516 Kemper Corp. 4,800 188,400 KeyCorp 140,969 2,543,081 Lakeland Bancorp, Inc. 3,852 74,536 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Lakeland Financial Corp. 3,274 $ 150,604 LegacyTexas Financial Group, Inc. 5,327 206,261 # Legg Mason, Inc. 13,474 539,095 * LendingClub Corp. 39,596 200,752 #* LendingTree, Inc. 721 159,053 Leucadia National Corp. 39,924 1,039,222 Lincoln National Corp. 28,868 2,109,096 Loews Corp. 35,005 1,704,043 LPL Financial Holdings, Inc. 9,983 456,822 M&T Bank Corp. 18,016 2,939,310 Macatawa Bank Corp. 886 8,550 Maiden Holdings, Ltd. 8,450 93,795 MainSource Financial Group, Inc. 1,600 55,904 * Markel Corp. 1,731 1,854,784 MarketAxess Holdings, Inc. 4,755 964,742 Marlin Business Services Corp. 1,200 31,200 Marsh & McLennan Cos., Inc. 65,613 5,115,846 MB Financial, Inc. 9,166 374,889 * MBIA, Inc. 14,600 148,482 Mercantile Bank Corp. 285 9,069 # Mercury General Corp. 3,136 187,815 Meridian Bancorp, Inc. 4,269 75,348 Meta Financial Group, Inc. 1,104 78,715 MetLife, Inc. 117,326 6,452,930 * MGIC Investment Corp. 15,500 180,885 MidSouth Bancorp, Inc. 900 10,125 Moelis & Co. Class A 4,229 172,966 Moody's Corp. 21,979 2,893,096 Morgan Stanley 176,126 8,260,309 Morningstar, Inc. 2,287 188,838 MSCI, Inc. 11,194 1,219,586 Nasdaq, Inc. 13,831 1,028,611 National Bank Holdings Corp. Class A 4,119 140,581 National General Holdings Corp. 5,185 109,974 Navient Corp. 42,747 630,518 Navigators Group, Inc. (The) 3,610 205,770 NBT Bancorp, Inc. 5,284 190,964 Nelnet, Inc. Class A 3,140 154,143 # New York Community Bancorp, Inc. 57,972 761,172 NewStar Financial, Inc. 3,834 41,944 Northern Trust Corp. 28,417 2,486,772 Northfield Bancorp, Inc. 5,064 85,025 Northrim BanCorp, Inc. 600 17,490 Northwest Bancshares, Inc. 13,916 224,048 OceanFirst Financial Corp. 1,986 53,781 * Ocwen Financial Corp. 12,045 34,569 OFG Bancorp 3,500 35,175 Old National Bancorp 20,761 338,404 Old Republic International Corp. 29,682 582,361 OM Asset Management P.L.C. 5,554 83,699 OneBeacon Insurance Group, Ltd. Class A 3,161 57,910 #* OneMain Holdings, Inc. 7,140 190,924 Oppenheimer Holdings, Inc. Class A 765 12,049 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Opus Bank 2,493 $ 59,333 Oritani Financial Corp. 6,231 103,435 Pacific Continental Corp. 1,300 33,020 * Pacific Mercantile Bancorp 1,425 11,258 * Pacific Premier Bancorp, Inc. 2,756 98,940 PacWest Bancorp 13,437 645,245 Park National Corp. 1,287 127,117 Park Sterling Corp. 1,320 15,338 Patriot National Bancorp, Inc. 20 326 Peapack Gladstone Financial Corp. 1,562 48,844 * PennyMac Financial Services, Inc. Class A 1,040 18,096 People's United Financial, Inc. 42,047 733,300 Peoples Bancorp, Inc. 1,197 39,022 * PHH Corp. 7,333 101,049 Pinnacle Financial Partners, Inc. 8,368 534,715 Piper Jaffray Cos. 1,704 106,330 PNC Financial Services Group, Inc. (The) 62,426 8,040,469 Popular, Inc. 12,467 525,359 #* PRA Group, Inc. 5,700 223,440 Preferred Bank 1,290 72,433 # Primerica, Inc. 6,182 501,051 Principal Financial Group, Inc. 34,540 2,305,545 ProAssurance Corp. 6,800 420,240 Progressive Corp. (The) 73,799 3,478,147 Prosperity Bancshares, Inc. 7,608 487,673 Provident Financial Services, Inc. 8,862 235,020 Prudential Financial, Inc. 55,275 6,258,788 Pzena Investment Management, Inc. Class A 566 5,971 Radian Group, Inc. 9,498 165,455 Raymond James Financial, Inc. 16,029 1,333,453 * Regional Management Corp. 133 3,191 Regions Financial Corp. 152,281 2,223,303 Reinsurance Group of America, Inc. 7,890 1,106,178 RenaissanceRe Holdings, Ltd. 5,405 794,049 Renasant Corp. 7,295 309,235 Republic Bancorp, Inc. Class A 805 28,900 #* Republic First Bancorp, Inc. 500 4,450 Riverview Bancorp, Inc. 1,205 9,146 RLI Corp. 4,500 261,270 S&P Global, Inc. 32,864 5,047,582 S&T Bancorp, Inc. 2,523 95,571 * Safeguard Scientifics, Inc. 1,767 21,027 Safety Insurance Group, Inc. 1,800 127,710 Sandy Spring Bancorp, Inc. 1,969 78,839 * Santander Consumer USA Holdings, Inc. 11,747 150,479 * Seacoast Banking Corp. of Florida 1,885 44,052 SEI Investments Co. 17,903 1,011,699 Selective Insurance Group, Inc. 5,977 302,735 # ServisFirst Bancshares, Inc. 5,118 185,988 SI Financial Group, Inc. 1,347 20,811 Sierra Bancorp 240 6,576 * Signature Bank 6,794 941,513 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Simmons First National Corp. Class A 2,871 $ 156,613 * SLM Corp. 53,247 589,977 South State Corp. 3,021 253,009 Southside Bancshares, Inc. 3,294 114,401 Southwest Bancorp, Inc. 1,600 41,760 State Auto Financial Corp. 1,800 46,422 State Bank Financial Corp. 4,437 121,796 State Street Corp. 49,806 4,643,413 # Sterling Bancorp 13,239 305,821 Stewart Information Services Corp. 2,494 98,014 * Stifel Financial Corp. 7,249 368,612 Stock Yards Bancorp, Inc. 2,599 93,174 Sun Bancorp, Inc. 427 10,397 SunTrust Banks, Inc. 62,750 3,594,947 * SVB Financial Group 6,292 1,122,744 Synchrony Financial 104,401 3,165,438 # Synovus Financial Corp. 16,107 700,332 # T Rowe Price Group, Inc. 30,164 2,495,166 TCF Financial Corp. 18,696 294,649 # TD Ameritrade Holding Corp. 32,812 1,500,493 Territorial Bancorp, Inc. 840 25,309 * Texas Capital Bancshares, Inc. 5,603 438,995 TFS Financial Corp. 9,945 158,921 Tompkins Financial Corp. 1,215 95,633 Torchmark Corp. 14,850 1,172,704 Towne Bank 5,289 165,546 Travelers Cos., Inc. (The) 36,137 4,628,788 Trico Bancshares 1,628 60,073 TrustCo Bank Corp. NY 7,300 60,590 Trustmark Corp. 10,591 338,488 U.S. Bancorp. 217,704 11,490,417 UMB Financial Corp. 4,774 332,557 Umpqua Holdings Corp. 24,579 455,695 Union Bankshares Corp. 4,955 153,060 # United Bankshares, Inc. 13,136 453,192 United Community Banks, Inc. 10,398 288,648 United Community Financial Corp. 596 5,483 United Financial Bancorp, Inc. 5,504 99,567 United Fire Group, Inc. 2,765 124,757 United Security Bancshares 1,875 17,625 Universal Insurance Holdings, Inc. 3,536 84,334 Univest Corp. of Pennsylvania 2,249 68,595 Unum Group 29,554 1,481,542 Validus Holdings, Ltd. 9,771 525,582 Valley National Bancorp 27,249 323,718 Value Line, Inc. 300 5,307 # Virtus Investment Partners, Inc. 750 88,350 Voya Financial, Inc. 24,481 960,634 # Waddell & Reed Financial, Inc. Class A 9,308 192,396 * Walker & Dunlop, Inc. 4,440 223,110 Washington Federal, Inc. 11,396 381,196 Washington Trust Bancorp, Inc. 1,700 92,565 Waterstone Financial, Inc. 1,767 33,308 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) Webster Financial Corp. 10,969 $ 569,620 Wells Fargo & Co. 620,029 33,444,364 WesBanco, Inc. 4,109 157,087 West Bancorporation, Inc. 2,033 46,759 # Westamerica Bancorporation 3,200 175,104 * Western Alliance Bancorp 12,248 617,054 Western New England Bancorp, Inc. 4,099 40,785 Westwood Holdings Group, Inc. 700 41,265 White Mountains Insurance Group, Ltd. 700 605,220 Willis Towers Watson P.L.C. 16,790 2,499,695 Wintrust Financial Corp. 5,808 437,400 # WisdomTree Investments, Inc. 14,488 151,255 #* World Acceptance Corp. 100 7,557 WR Berkley Corp. 13,732 947,096 WSFS Financial Corp. 4,531 204,575 XL Group, Ltd. 34,713 1,541,257 Zions Bancorporation 25,393 1,150,811 ------------ Total Financials 481,557,311 ------------ Health Care -- (13.3%) # Abaxis, Inc. 2,807 131,929 Abbott Laboratories 225,967 11,113,057 AbbVie, Inc. 207,139 14,481,087 * ABIOMED, Inc. 5,535 819,678 #* Acadia Healthcare Co., Inc. 9,235 488,809 * ACADIA Pharmaceuticals, Inc. 1,700 50,609 * Accuray, Inc. 125 531 Aceto Corp. 4,554 76,872 #* Achillion Pharmaceuticals, Inc. 1,800 7,380 * Acorda Therapeutics, Inc. 6,040 130,766 * Addus HomeCare Corp. 340 11,543 Aetna, Inc. 44,642 6,888,707 Agilent Technologies, Inc. 40,366 2,413,483 * Akorn, Inc. 10,057 338,116 #* Albany Molecular Research, Inc. 3,400 73,916 * Alere, Inc. 9,719 489,740 * Alexion Pharmaceuticals, Inc. 28,666 3,936,988 * Align Technology, Inc. 9,211 1,540,356 #* Alkermes P.L.C. 19,700 1,071,877 Allergan P.L.C. 47,018 11,864,052 * Alliance HealthCare Services, Inc. 1,000 13,250 * Allscripts Healthcare Solutions, Inc. 22,760 280,176 * Almost Family, Inc. 1,812 89,603 #* Alnylam Pharmaceuticals, Inc. 10,527 871,004 * AMAG Pharmaceuticals, Inc. 4,612 90,626 * Amedisys, Inc. 4,237 200,664 AmerisourceBergen Corp. 21,328 2,000,993 Amgen, Inc. 94,356 16,466,066 #* AMN Healthcare Services, Inc. 6,328 233,503 * Amphastar Pharmaceuticals, Inc. 2,755 47,606 Analogic Corp. 1,900 133,380 * AngioDynamics, Inc. 8,111 131,804 * ANI Pharmaceuticals, Inc. 786 38,302 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Anika Therapeutics, Inc. 1,888 $ 96,590 Anthem, Inc. 33,565 6,250,139 * Aptevo Therapeutics, Inc. 2,299 4,230 #* Aralez Pharmaceuticals, Inc. 3,692 4,467 #* athenahealth, Inc. 5,298 732,819 # Atrion Corp. 200 126,440 Baxter International, Inc. 64,819 3,920,253 Becton Dickinson and Co. 28,454 5,730,636 * Bio-Rad Laboratories, Inc. Class A 2,623 618,057 # Bio-Techne Corp. 4,871 564,598 * Biogen, Inc. 27,534 7,973,571 #* BioMarin Pharmaceutical, Inc. 21,146 1,855,139 #* BioScrip, Inc. 6,872 19,860 * BioSpecifics Technologies Corp. 324 15,763 * BioTelemetry, Inc. 3,663 125,275 * Bioverativ, Inc. 13,767 853,141 #* Bluebird Bio, Inc. 6,302 593,963 * Boston Scientific Corp. 178,848 4,760,934 Bristol-Myers Squibb Co. 213,342 12,139,160 #* Brookdale Senior Living, Inc. 20,613 292,705 Bruker Corp. 14,667 420,650 * Cambrex Corp. 4,313 263,093 Cantel Medical Corp. 4,830 358,386 #* Capital Senior Living Corp. 3,849 53,116 Cardinal Health, Inc. 40,513 3,130,034 * Catalent, Inc. 16,305 565,783 * Celgene Corp. 101,568 13,753,323 * Centene Corp. 20,944 1,663,372 #* Cerner Corp. 36,489 2,348,797 * Charles River Laboratories International, Inc. 6,100 599,020 # Chemed Corp. 2,300 454,250 Cigna Corp. 32,378 5,619,526 #* Clovis Oncology, Inc. 5,320 451,189 * Community Health Systems, Inc. 13,689 97,876 Computer Programs & Systems, Inc. 1,145 35,094 * Concert Pharmaceuticals, Inc. 2,800 40,404 CONMED Corp. 3,600 184,752 Cooper Cos., Inc. (The) 5,856 1,428,103 #* Corcept Therapeutics, Inc. 9,081 113,240 * CorVel Corp. 1,800 85,590 * Cotiviti Holdings, Inc. 713 30,695 CR Bard, Inc. 8,774 2,812,944 * Cross Country Healthcare, Inc. 5,300 62,328 * CryoLife, Inc. 3,061 57,394 #* Cumberland Pharmaceuticals, Inc. 2,792 18,762 * Cutera, Inc. 1,850 48,192 Danaher Corp. 79,947 6,514,881 * DaVita, Inc. 20,640 1,337,059 DENTSPLY SIRONA, Inc. 28,253 1,752,534 #* Depomed, Inc. 8,100 83,511 #* DexCom, Inc. 11,386 758,421 * Diplomat Pharmacy, Inc. 2,655 42,135 * Edwards Lifesciences Corp. 26,529 3,055,610 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) Eli Lilly & Co. 127,917 $10,573,619 * Emergent BioSolutions, Inc. 4,598 167,229 * Endo International P.L.C. 24,480 269,770 Ensign Group, Inc. (The) 6,268 140,215 * Envision Healthcare Corp. 13,925 785,788 * Enzo Biochem, Inc. 3,718 40,340 #* Evolent Health, Inc. Class A 1,429 35,296 #* Exact Sciences Corp. 13,623 528,572 * Exactech, Inc. 1,400 40,810 * Exelixis, Inc. 39,633 1,074,451 * Express Scripts Holding Co. 78,195 4,898,135 * Five Prime Therapeutics, Inc. 3,725 104,821 * Five Star Senior Living, Inc. 915 1,464 * Genesis Healthcare, Inc. 2,400 3,456 Gilead Sciences, Inc. 163,687 12,454,944 #* Globus Medical, Inc. Class A 10,657 327,703 * Haemonetics Corp. 5,980 245,957 * Halyard Health, Inc. 7,033 282,867 #* Hanger, Inc. 3,139 36,412 * Harvard Bioscience, Inc. 4,139 11,589 * HCA Healthcare, Inc. 38,901 3,125,306 #* HealthEquity, Inc. 6,250 286,687 HealthSouth Corp. 11,419 485,993 * HealthStream, Inc. 2,809 66,349 * Henry Schein, Inc. 9,946 1,812,261 * Heska Corp. 628 68,791 Hill-Rom Holdings, Inc. 8,528 635,507 * HMS Holdings Corp. 10,350 207,828 #* Hologic, Inc. 32,851 1,452,343 * Horizon Pharma P.L.C. 15,973 191,357 Humana, Inc. 18,707 4,325,058 * ICU Medical, Inc. 1,850 318,015 * IDEXX Laboratories, Inc. 11,600 1,930,936 * Illumina, Inc. 18,423 3,202,839 * Impax Laboratories, Inc. 7,940 153,639 * INC Research Holdings, Inc. Class A 6,584 362,120 * Incyte Corp. 24,062 3,207,224 * Inogen, Inc. 2,436 229,910 #* Insys Therapeutics, Inc. 2,202 25,235 * Integer Holdings Corp. 5,040 230,832 #* Integra LifeSciences Holdings Corp. 8,200 407,212 * Intuitive Surgical, Inc. 4,674 4,385,427 # Invacare Corp. 5,044 78,939 #* Ionis Pharmaceuticals, Inc. 16,042 840,601 #* Jazz Pharmaceuticals P.L.C. 7,746 1,189,863 Johnson & Johnson 351,300 46,624,536 Kindred Healthcare, Inc. 13,392 119,858 #* Kite Pharma, Inc. 6,023 652,953 * Laboratory Corp. of America Holdings 12,184 1,936,159 Landauer, Inc. 1,153 62,781 #* Lannett Co., Inc. 2,787 56,715 * Lantheus Holdings, Inc. 1,883 34,741 LeMaitre Vascular, Inc. 2,283 82,348 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * LHC Group, Inc. 3,015 $ 174,568 * LifePoint Health, Inc. 5,824 345,946 #* Ligand Pharmaceuticals, Inc. 1,893 228,883 * LivaNova P.L.C. 2,900 176,726 Luminex Corp. 5,316 108,606 * Magellan Health, Inc. 2,600 193,830 * Mallinckrodt P.L.C. 13,895 636,391 * Masimo Corp. 5,982 565,897 McKesson Corp. 27,723 4,487,522 #* Medicines Co. (The) 5,131 197,287 #* MediciNova, Inc. 500 2,605 #* Medidata Solutions, Inc. 6,892 529,375 #* MEDNAX, Inc. 11,228 527,491 Medtronic P.L.C. 178,078 14,953,210 Merck & Co., Inc. 353,370 22,573,276 # Meridian Bioscience, Inc. 4,363 59,119 * Merit Medical Systems, Inc. 7,199 295,159 * Mettler-Toledo International, Inc. 3,400 1,948,472 #* Molina Healthcare, Inc. 6,393 427,052 #* Momenta Pharmaceuticals, Inc. 4,800 79,440 * Mylan NV 52,201 2,035,317 #* Myriad Genetics, Inc. 9,000 218,430 National HealthCare Corp. 1,000 65,170 National Research Corp. Class A 600 17,640 National Research Corp. Class B 100 5,044 * Natus Medical, Inc. 4,206 148,051 * Neogen Corp. 3,711 244,444 #* Neurocrine Biosciences, Inc. 10,157 487,841 #* NewLink Genetics Corp. 2,512 18,137 * NuVasive, Inc. 6,017 395,858 * Nuvectra Corp. 916 10,681 * Omnicell, Inc. 5,051 250,530 #* Opko Health, Inc. 37,042 238,921 * OraSure Technologies, Inc. 10,193 178,785 * Orthofix International NV 2,122 92,052 # Owens & Minor, Inc. 6,767 218,100 * PAREXEL International Corp. 6,325 553,564 # Patterson Cos., Inc. 10,936 456,250 # PDL BioPharma, Inc. 14,616 33,178 PerkinElmer, Inc. 13,500 888,705 # Perrigo Co. P.L.C. 14,542 1,089,487 Pfizer, Inc. 776,271 25,741,146 * PharMerica Corp. 6,514 163,827 Phibro Animal Health Corp. Class A 3,417 130,529 * Portola Pharmaceuticals, Inc. 5,749 354,713 * PRA Health Sciences, Inc. 4,435 329,964 #* Premier, Inc. Class A 4,900 171,010 * Prestige Brands Holdings, Inc. 6,011 322,370 #* Progenics Pharmaceuticals, Inc. 3,300 19,899 * ProPhase Labs, Inc. 350 732 * Providence Service Corp. (The) 1,602 82,567 * Quality Systems, Inc. 9,893 169,170 Quest Diagnostics, Inc. 17,526 1,898,241 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) #* Quidel Corp. 5,538 $ 177,161 #* Quintiles IMS Holdings, Inc. 18,331 1,659,872 * Quorum Health Corp. 3,422 11,669 * RadNet, Inc. 1,992 15,338 * Regeneron Pharmaceuticals, Inc. 9,937 4,885,228 * Repligen Corp. 3,600 144,972 # ResMed, Inc. 17,341 1,337,338 #* Retrophin, Inc. 4,172 84,441 #* Rigel Pharmaceuticals, Inc. 5,853 13,872 * RTI Surgical, Inc. 5,843 33,305 * SciClone Pharmaceuticals, Inc. 2,710 29,674 * SeaSpine Holdings Corp. 866 9,768 #* Seattle Genetics, Inc. 13,184 665,792 * Select Medical Holdings Corp. 8,334 135,011 * Spectrum Pharmaceuticals, Inc. 6,160 45,954 STERIS P.L.C. 10,766 881,197 Stryker Corp. 42,585 6,264,253 #* Sucampo Pharmaceuticals, Inc. Class A 3,016 32,724 * Supernus Pharmaceuticals, Inc. 7,081 286,426 * Surmodics, Inc. 1,400 36,820 #* Taro Pharmaceutical Industries, Ltd. 2,023 231,290 Teleflex, Inc. 5,573 1,154,837 #* Tenet Healthcare Corp. 11,700 202,995 #* TESARO, Inc. 4,472 570,896 Thermo Fisher Scientific, Inc. 50,386 8,844,255 * Tivity Health, Inc. 4,800 190,320 * Triple-S Management Corp. Class B 2,513 38,901 * United Therapeutics Corp. 5,524 709,282 UnitedHealth Group, Inc. 124,192 23,821,268 Universal Health Services, Inc. Class B 11,283 1,250,495 US Physical Therapy, Inc. 1,602 101,086 Utah Medical Products, Inc. 276 19,072 #* Varex Imaging Corp. 4,622 142,589 #* Varian Medical Systems, Inc. 11,557 1,122,416 * VCA, Inc. 9,932 919,505 * Veeva Systems, Inc. Class A 12,010 765,758 * Vertex Pharmaceuticals, Inc. 30,733 4,665,884 * VWR Corp. 11,250 371,250 * Waters Corp. 9,800 1,699,712 * WellCare Health Plans, Inc. 5,500 973,445 West Pharmaceutical Services, Inc. 9,389 832,804 #* Wright Medical Group NV 10,447 274,443 * Xencor, Inc. 2,476 57,815 Zimmer Biomet Holdings, Inc. 24,651 2,990,659 Zoetis, Inc. 60,299 3,769,893 ------------ Total Health Care 440,270,971 ------------ Industrials -- (10.5%) 3M Co. 76,866 15,463,133 AAON, Inc. 5,518 186,508 AAR Corp. 3,583 134,004 ABM Industries, Inc. 6,430 286,907 * Acacia Research Corp. 4,362 15,049 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) * ACCO Brands Corp. 14,620 $ 170,323 Acme United Corp. 400 11,068 # Actuant Corp. Class A 7,200 174,240 # Acuity Brands, Inc. 5,582 1,131,192 # Advanced Drainage Systems, Inc. 4,700 96,585 * Advisory Board Co. (The) 5,814 326,747 * AECOM 20,059 639,882 * Aegion Corp. 6,240 149,386 * Aerojet Rocketdyne Holdings, Inc. 7,762 182,019 #* Aerovironment, Inc. 2,727 103,053 AGCO Corp. 8,213 592,486 Air Lease Corp. 13,393 530,095 * Air Transport Services Group, Inc. 8,719 212,395 Alamo Group, Inc. 1,990 185,090 Alaska Air Group, Inc. 16,164 1,377,658 Albany International Corp. Class A 4,033 215,765 Allegiant Travel Co. 1,647 212,875 Allegion P.L.C. 12,131 985,522 Allison Transmission Holdings, Inc. 19,770 747,306 Altra Industrial Motion Corp. 4,206 187,377 AMERCO 1,054 409,542 * Ameresco, Inc. Class A 1,700 11,135 # American Airlines Group, Inc. 69,200 3,490,448 American Railcar Industries, Inc. 1,606 59,053 * American Woodmark Corp. 2,688 263,827 AMETEK, Inc. 28,023 1,725,656 AO Smith Corp. 19,664 1,053,007 # Apogee Enterprises, Inc. 3,751 195,390 Applied Industrial Technologies, Inc. 4,882 275,833 * ARC Document Solutions, Inc. 3,000 10,380 ArcBest Corp. 3,000 83,400 Arconic, Inc. 52,200 1,294,038 Argan, Inc. 2,247 144,819 * Armstrong Flooring, Inc. 2,667 46,299 * Armstrong World Industries, Inc. 5,335 259,014 Astec Industries, Inc. 2,360 118,637 * Astronics Corp. 2,458 71,897 #* Astronics Corp. Class B 1,462 42,873 * Atlas Air Worldwide Holdings, Inc. 3,609 214,375 #* Avis Budget Group, Inc. 11,377 350,184 #* Axon Enterprise, Inc. 5,800 142,622 AZZ, Inc. 3,800 192,660 * Babcock & Wilcox Enterprises, Inc. 5,834 61,257 Barnes Group, Inc. 7,772 467,719 Barrett Business Services, Inc. 825 45,400 * Beacon Roofing Supply, Inc. 6,843 314,299 * BMC Stock Holdings, Inc. 4,948 108,856 Boeing Co. (The) 75,795 18,377,256 Brady Corp. Class A 6,680 221,776 Briggs & Stratton Corp. 4,639 108,645 Brink's Co. (The) 6,859 536,031 * Builders FirstSource, Inc. 15,878 248,808 BWX Technologies, Inc. 12,816 675,147 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * CAI International, Inc. 1,400 $ 36,722 Carlisle Cos., Inc. 8,398 819,561 * Casella Waste Systems, Inc. Class A 4,538 76,148 Caterpillar, Inc. 75,504 8,603,681 * CBIZ, Inc. 5,600 83,160 * CDI Corp. 1,100 9,075 CECO Environmental Corp. 1,246 12,036 # Celadon Group, Inc. 3,823 17,395 # CH Robinson Worldwide, Inc. 17,200 1,128,320 * Chart Industries, Inc. 3,701 125,834 # Chicago Bridge & Iron Co. NV 12,665 237,342 Cintas Corp. 10,900 1,469,865 CIRCOR International, Inc. 1,580 79,095 * Civeo Corp. 11,400 22,002 * Clean Harbors, Inc. 7,136 405,325 * Colfax Corp. 11,687 482,439 Columbus McKinnon Corp. 2,000 51,600 Comfort Systems USA, Inc. 4,929 164,136 * Command Security Corp. 1,531 4,853 * Commercial Vehicle Group, Inc. 2,700 23,706 * Continental Building Products, Inc. 5,343 117,546 Copa Holdings SA Class A 4,320 541,987 * Copart, Inc. 28,006 881,909 # Covanta Holding Corp. 14,735 222,498 * Covenant Transportation Group, Inc. Class A 779 14,606 * CPI Aerostructures, Inc. 541 5,140 CRA International, Inc. 1,100 42,691 Crane Co. 7,350 554,925 * CSW Industrials, Inc. 344 13,433 CSX Corp. 119,553 5,898,745 Cubic Corp. 2,550 121,508 Cummins, Inc. 20,566 3,453,031 Curtiss-Wright Corp. 5,700 549,594 Deere & Co. 35,100 4,502,628 Delta Air Lines, Inc. 95,139 4,696,061 # Deluxe Corp. 6,298 454,716 * DigitalGlobe, Inc. 7,382 257,632 # Donaldson Co., Inc. 16,100 764,589 Douglas Dynamics, Inc. 3,141 99,884 Dover Corp. 19,380 1,627,920 * Ducommun, Inc. 1,100 31,856 Dun & Bradstreet Corp. (The) 4,600 509,496 * DXP Enterprises, Inc. 1,275 36,452 #* Dycom Industries, Inc. 3,988 361,313 Eastern Co. (The) 600 17,460 Eaton Corp. P.L.C. 57,036 4,463,067 * Echo Global Logistics, Inc. 2,925 39,926 EMCOR Group, Inc. 8,359 564,232 Emerson Electric Co. 82,316 4,906,857 Encore Wire Corp. 3,200 142,720 EnerSys 6,500 469,755 * Engility Holdings, Inc. 2,859 83,397 Ennis, Inc. 2,716 52,283 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) EnPro Industries, Inc. 3,100 $ 238,762 Equifax, Inc. 14,483 2,106,408 ESCO Technologies, Inc. 4,375 269,937 Essendant, Inc. 4,517 56,372 * Esterline Technologies Corp. 3,500 337,750 # Expeditors International of Washington, Inc. 22,436 1,321,032 Exponent, Inc. 3,054 199,121 # Fastenal Co. 35,753 1,535,949 Federal Signal Corp. 8,821 163,189 FedEx Corp. 32,365 6,732,891 # Flowserve Corp. 17,034 700,608 Fluor Corp. 17,309 751,730 Fortive Corp. 40,349 2,612,194 Fortune Brands Home & Security, Inc. 19,072 1,252,458 Forward Air Corp. 4,083 211,622 * Franklin Covey Co. 1,500 27,975 Franklin Electric Co., Inc. 5,400 218,160 FreightCar America, Inc. 1,200 19,728 * FTI Consulting, Inc. 5,774 189,445 * Fuel Tech, Inc. 1,700 1,479 # GATX Corp. 4,700 290,601 * Gencor Industries, Inc. 600 9,630 * Generac Holdings, Inc. 7,928 285,170 # General Cable Corp. 5,629 108,640 General Dynamics Corp. 33,146 6,507,554 General Electric Co. 1,136,991 29,118,340 #* Genesee & Wyoming, Inc. Class A 7,885 513,787 * Gibraltar Industries, Inc. 4,240 126,564 Global Brass & Copper Holdings, Inc. 2,967 95,092 * Global Power Equipment Group, Inc. 1,290 4,180 * Goldfield Corp. (The) 1,983 10,113 Gorman-Rupp Co. (The) 2,441 73,767 * GP Strategies Corp. 1,842 52,773 # Graco, Inc. 7,222 838,041 Graham Corp. 1,500 30,015 Granite Construction, Inc. 4,185 205,149 * Great Lakes Dredge & Dock Corp. 6,665 26,327 Greenbrier Cos., Inc. (The) 2,169 97,605 Griffon Corp. 5,003 102,562 H&E Equipment Services, Inc. 7,853 177,242 Hardinge, Inc. 700 8,470 * Harsco Corp. 11,788 182,125 #* Hawaiian Holdings, Inc. 5,838 241,693 * HC2 Holdings, Inc. 900 5,409 * HD Supply Holdings, Inc. 25,171 817,806 Healthcare Services Group, Inc. 8,963 468,317 Heartland Express, Inc. 5,162 109,073 HEICO Corp. 3,625 291,341 HEICO Corp. Class A 7,063 501,826 Heidrick & Struggles International, Inc. 1,861 33,684 * Herc Holdings, Inc. 3,876 175,893 Herman Miller, Inc. 7,886 265,561 #* Hertz Global Holdings, Inc. 7,295 99,723 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Hexcel Corp. 11,270 $ 576,686 * Hill International, Inc. 4,200 21,210 Hillenbrand, Inc. 8,097 291,492 HNI Corp. 5,673 214,156 Honeywell International, Inc. 94,245 12,828,629 Houston Wire & Cable Co. 2,370 13,628 * Hub Group, Inc. Class A 4,335 147,607 Hubbell, Inc. 6,730 799,457 Hudson Global, Inc. 3,600 4,824 Huntington Ingalls Industries, Inc. 6,291 1,296,638 Hurco Cos., Inc. 883 29,095 * Huron Consulting Group, Inc. 2,384 84,632 Hyster-Yale Materials Handling, Inc. 1,066 75,537 * ICF International, Inc. 1,750 79,188 IDEX Corp. 9,441 1,100,254 * IES Holdings, Inc. 858 14,586 Illinois Tool Works, Inc. 40,302 5,670,894 Ingersoll-Rand P.L.C. 33,095 2,908,389 * InnerWorkings, Inc. 5,543 65,352 * Innovative Solutions & Support, Inc. 1,906 7,643 Insperity, Inc. 2,827 213,438 Insteel Industries, Inc. 2,000 52,640 Interface, Inc. 12,469 236,288 * Intersections, Inc. 1,231 5,404 ITT, Inc. 10,889 446,449 Jacobs Engineering Group, Inc. 16,146 851,217 JB Hunt Transport Services, Inc. 10,657 966,696 * JetBlue Airways Corp. 44,120 967,552 John Bean Technologies Corp. 4,198 387,895 Johnson Controls International P.L.C. 122,217 4,760,352 Kadant, Inc. 1,300 101,465 Kaman Corp. 3,749 191,649 Kansas City Southern 12,659 1,306,282 KAR Auction Services, Inc. 17,484 735,027 # KBR, Inc. 20,590 307,203 Kelly Services, Inc. Class A 6,029 134,266 Kennametal, Inc. 11,431 421,804 * Key Technology, Inc. 744 10,639 Kforce, Inc. 3,290 61,523 Kimball International, Inc. Class B 5,500 91,685 * Kirby Corp. 6,685 407,116 * KLX, Inc. 6,951 360,896 Knight Transportation, Inc. 9,355 333,506 Knoll, Inc. 5,103 98,794 Korn/Ferry International 6,571 219,800 * Kratos Defense & Security Solutions, Inc. 3,728 41,027 L3 Technologies, Inc. 9,787 1,712,431 Landstar System, Inc. 5,210 433,211 * Lawson Products, Inc. 649 14,959 * Layne Christensen Co. 1,700 18,003 LB Foster Co. Class A 581 10,226 # Lennox International, Inc. 5,200 889,200 Lincoln Electric Holdings, Inc. 8,460 738,220 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Lindsay Corp. 1,349 $ 123,663 Lockheed Martin Corp. 33,618 9,820,826 LSC Communications, Inc. 3,156 67,475 LSI Industries, Inc. 2,400 20,088 * Lydall, Inc. 2,505 123,998 Macquarie Infrastructure Corp. 9,022 683,958 #* Manitowoc Co., Inc. (The) 28,845 164,705 ManpowerGroup, Inc. 8,643 926,097 Marten Transport, Ltd. 5,596 89,256 Masco Corp. 41,826 1,594,825 * Masonite International Corp. 3,796 294,759 * MasTec, Inc. 7,800 360,360 Matson, Inc. 5,500 155,100 Matthews International Corp. Class A 3,280 215,004 McGrath RentCorp 2,486 88,328 * Mercury Systems, Inc. 4,602 202,074 * Meritor, Inc. 9,997 172,748 #* Middleby Corp. (The) 7,043 920,379 * Milacron Holdings Corp. 573 10,303 Miller Industries, Inc. 1,421 37,088 * Mistras Group, Inc. 1,002 20,190 Mobile Mini, Inc. 3,845 118,426 * Moog, Inc. Class A 3,953 293,787 * MRC Global, Inc. 9,795 160,050 MSA Safety, Inc. 4,181 335,149 MSC Industrial Direct Co., Inc. Class A 5,817 414,229 Mueller Industries, Inc. 5,800 182,700 Mueller Water Products, Inc. Class A 31,833 369,263 Multi-Color Corp. 2,739 220,489 * MYR Group, Inc. 2,509 79,811 National Presto Industries, Inc. 737 83,355 * Navigant Consulting, Inc. 4,323 73,188 #* Navistar International Corp. 4,516 138,957 * NCI Building Systems, Inc. 3,774 67,932 Nielsen Holdings P.L.C. 45,211 1,944,525 * NL Industries, Inc. 3,428 26,738 NN, Inc. 4,940 136,838 # Nordson Corp. 6,470 821,690 Norfolk Southern Corp. 36,940 4,158,705 Northrop Grumman Corp. 21,419 5,635,981 * NOW, Inc. 11,296 179,945 Old Dominion Freight Line, Inc. 7,900 757,689 Omega Flex, Inc. 302 18,132 * On Assignment, Inc. 5,785 284,911 Orbital ATK, Inc. 7,415 757,665 * Orion Energy Systems, Inc. 230 267 * Orion Group Holdings, Inc. 2,500 17,550 Oshkosh Corp. 9,200 633,512 Owens Corning 13,944 934,945 PACCAR, Inc. 44,385 3,038,153 * PAM Transportation Services, Inc. 235 4,120 Park-Ohio Holdings Corp. 1,300 51,675 Parker-Hannifin Corp. 16,826 2,792,779 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) * Patrick Industries, Inc. 2,193 $ 166,887 * Pendrell Corp. 1,212 8,460 Pentair P.L.C. 22,197 1,399,965 * Perma-Pipe International Holdings, Inc. 1,091 8,619 * PGT Innovations, Inc. 7,509 97,617 Pitney Bowes, Inc. 24,413 384,261 * Ply Gem Holdings, Inc. 1,394 24,395 Powell Industries, Inc. 700 22,295 Primoris Services Corp. 3,853 96,017 #* Proto Labs, Inc. 2,756 203,668 Quad/Graphics, Inc. 2,303 51,725 Quanex Building Products Corp. 3,800 81,700 * Quanta Services, Inc. 17,167 579,043 Raven Industries, Inc. 5,746 197,662 Raytheon Co. 36,915 6,340,890 * RBC Bearings, Inc. 3,951 408,296 * RCM Technologies, Inc. 395 2,101 Regal Beloit Corp. 4,771 397,663 Republic Services, Inc. 31,237 2,006,040 Resources Connection, Inc. 4,266 56,951 * Rexnord Corp. 15,137 350,573 * Roadrunner Transportation Systems, Inc. 1,537 10,728 Robert Half International, Inc. 15,593 705,583 Rockwell Automation, Inc. 16,220 2,676,787 Rockwell Collins, Inc. 20,102 2,141,466 # Rollins, Inc. 12,600 546,966 Roper Technologies, Inc. 12,744 2,962,470 * RPX Corp. 7,128 97,440 RR Donnelley & Sons Co. 8,417 104,034 * Rush Enterprises, Inc. Class A 2,675 115,373 Ryder System, Inc. 6,304 458,679 * Saia, Inc. 4,202 228,379 #* Sensata Technologies Holding NV 22,023 993,678 * SIFCO Industries, Inc. 100 670 Simpson Manufacturing Co., Inc. 6,128 271,409 SkyWest, Inc. 4,969 181,369 # Snap-on, Inc. 6,986 1,077,241 Southwest Airlines Co. 81,139 4,504,026 * SP Plus Corp. 2,343 76,616 * Sparton Corp. 400 9,224 Spartan Motors, Inc. 3,375 29,869 Spirit Aerosystems Holdings, Inc. Class A 17,100 1,033,353 * Spirit Airlines, Inc. 8,251 320,551 * SPX Corp. 7,521 206,978 * SPX FLOW, Inc. 5,735 203,363 Standex International Corp. 1,820 174,629 Stanley Black & Decker, Inc. 19,797 2,785,240 Steelcase, Inc. Class A 13,910 189,872 #* Stericycle, Inc. 10,328 796,082 * Sterling Construction Co., Inc. 1,440 18,403 Sun Hydraulics Corp. 3,335 137,936 #* Swift Transportation Co. 9,100 232,050 #* Team, Inc. 2,701 38,759 * Teledyne Technologies, Inc. 3,700 504,458 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Tennant Co. 3,010 $ 227,405 Terex Corp. 13,631 536,652 Tetra Tech, Inc. 8,557 406,030 Textainer Group Holdings, Ltd. 2,100 34,020 Textron, Inc. 32,323 1,588,029 * Thermon Group Holdings, Inc. 2,619 46,802 Timken Co. (The) 8,560 389,480 Titan International, Inc. 10,655 135,851 * Titan Machinery, Inc. 1,496 26,704 Toro Co. (The) 13,600 966,824 # TransDigm Group, Inc. 6,517 1,838,706 * TransUnion 14,052 644,003 * Trex Co., Inc. 4,816 362,211 * TriMas Corp. 6,804 165,677 * TriNet Group, Inc. 4,241 148,435 Trinity Industries, Inc. 19,000 520,790 Triton International, Ltd. 3,192 115,104 # Triumph Group, Inc. 9,229 236,262 * TrueBlue, Inc. 6,946 177,470 * Tutor Perini Corp. 3,160 84,056 * Twin Disc, Inc. 668 11,303 * Ultralife Corp. 2,100 14,490 UniFirst Corp. 1,640 233,290 Union Pacific Corp. 105,247 10,836,231 * United Continental Holdings, Inc. 39,907 2,700,906 United Parcel Service, Inc. Class B 88,834 9,797,502 * United Rentals, Inc. 10,912 1,298,092 United Technologies Corp. 99,010 11,739,616 * Univar, Inc. 11,753 364,813 Universal Forest Products, Inc. 1,900 159,315 Universal Logistics Holdings, Inc. 888 12,920 US Ecology, Inc. 3,770 195,663 * USA Truck, Inc. 1,235 11,436 #* USG Corp. 10,369 280,378 Valmont Industries, Inc. 2,900 442,830 * Vectrus, Inc. 1,092 37,139 * Verisk Analytics, Inc. 19,810 1,728,621 * Veritiv Corp. 831 30,872 * Versar, Inc. 1,500 1,755 Viad Corp. 3,896 208,631 * Vicor Corp. 1,200 21,300 * Virco Manufacturing Corp. 1,718 9,363 VSE Corp. 1,600 82,960 # Wabash National Corp. 6,947 132,549 * WABCO Holdings, Inc. 7,200 990,504 # Wabtec Corp. 11,456 863,324 Waste Management, Inc. 55,519 4,172,253 # Watsco, Inc. 3,200 482,464 Watts Water Technologies, Inc. Class A 3,317 213,615 #* Welbilt, Inc. 19,164 373,506 # Werner Enterprises, Inc. 7,998 237,141 * Wesco Aircraft Holdings, Inc. 7,013 76,091 * WESCO International, Inc. 5,771 295,764 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) West Corp. 4,202 $ 98,201 * Willis Lease Finance Corp. 400 10,112 Woodward, Inc. 6,716 469,717 # WW Grainger, Inc. 6,800 1,133,832 #* XPO Logistics, Inc. 12,905 775,720 Xylem, Inc. 22,233 1,261,278 * YRC Worldwide, Inc. 3,260 43,325 ------------ Total Industrials 348,908,965 ------------ Information Technology -- (21.8%) #* 3D Systems Corp. 10,300 173,040 Accenture P.L.C. Class A 79,785 10,277,904 * ACI Worldwide, Inc. 14,954 346,484 Activision Blizzard, Inc. 90,387 5,584,109 * Actua Corp. 3,900 52,650 * Acxiom Corp. 9,839 265,358 * ADDvantage Technologies Group, Inc. 400 608 * Adobe Systems, Inc. 63,778 9,342,839 ADTRAN, Inc. 5,562 130,429 * Advanced Energy Industries, Inc. 6,244 453,002 #* Advanced Micro Devices, Inc. 104,291 1,419,401 * Agilysys, Inc. 2,000 20,120 * Akamai Technologies, Inc. 21,069 993,193 Alliance Data Systems Corp. 6,588 1,590,541 * Alpha & Omega Semiconductor, Ltd. 1,918 33,949 * Alphabet, Inc. Class A 38,829 36,712,819 * Alphabet, Inc. Class C 40,691 37,862,975 * Ambarella, Inc. 309 15,465 Amdocs, Ltd. 17,972 1,207,179 American Software, Inc. Class A 2,676 25,957 * Amkor Technology, Inc. 20,848 216,194 Amphenol Corp. Class A 38,428 2,944,353 Analog Devices, Inc. 47,409 3,745,785 * Anixter International, Inc. 4,870 383,512 * ANSYS, Inc. 11,392 1,475,834 Apple, Inc. 681,316 101,332,129 Applied Materials, Inc. 140,692 6,234,063 #* Applied Optoelectronics, Inc. 1,642 160,079 * Arista Networks, Inc. 5,686 848,863 * ARRIS International P.L.C. 23,050 644,478 * Arrow Electronics, Inc. 11,300 918,577 * Aspen Technology, Inc. 11,112 631,939 * Autodesk, Inc. 26,206 2,903,363 Automatic Data Processing, Inc. 57,022 6,780,486 * Aviat Networks, Inc. 506 9,518 #* Avid Technology, Inc. 3,971 20,451 Avnet, Inc. 16,772 643,709 AVX Corp. 6,815 121,784 * Aware, Inc. 2,752 12,659 * Axcelis Technologies, Inc. 6,777 150,449 Badger Meter, Inc. 4,800 217,200 * Bankrate, Inc. 3,008 41,811 * Barracuda Networks, Inc. 2,826 63,500 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Bazaarvoice, Inc. 12,394 $ 58,252 Bel Fuse, Inc. Class B 1,175 29,669 # Belden, Inc. 5,549 399,195 * Benchmark Electronics, Inc. 4,988 167,846 Black Box Corp. 2,047 16,171 #* Black Knight Financial Services, Inc. Class A 3,169 134,682 # Blackbaud, Inc. 6,100 563,274 * Blackhawk Network Holdings, Inc. 8,506 371,287 * Blucora, Inc. 5,747 128,733 Booz Allen Hamilton Holding Corp. 20,028 686,960 * Bottomline Technologies de, Inc. 3,763 107,170 Broadcom, Ltd. 52,566 12,965,930 Broadridge Financial Solutions, Inc. 14,590 1,106,797 Brocade Communications Systems, Inc. 57,223 722,726 Brooks Automation, Inc. 8,686 213,328 CA, Inc. 37,007 1,148,697 Cabot Microelectronics Corp. 4,000 296,600 * CACI International, Inc. Class A 2,968 371,297 * Cadence Design Systems, Inc. 36,622 1,351,352 * CalAmp Corp. 5,287 100,982 * Calix, Inc. 3,886 26,619 * Carbonite, Inc. 2,025 47,790 * Cardtronics P.L.C. Class A 5,453 170,679 #* Cars.com, Inc. 7,966 193,574 Cass Information Systems, Inc. 1,118 73,743 #* Cavium, Inc. 9,743 603,481 CDK Global, Inc. 16,506 1,085,765 CDW Corp. 18,056 1,145,292 * Ceva, Inc. 3,116 144,115 #* Ciena Corp. 18,046 464,684 #* Cimpress NV 3,505 309,281 * Cirrus Logic, Inc. 7,925 486,912 Cisco Systems, Inc. 648,396 20,392,054 * Citrix Systems, Inc. 19,517 1,541,453 * Clearfield, Inc. 574 6,601 Cognex Corp. 11,136 1,058,588 Cognizant Technology Solutions Corp. Class A 74,733 5,180,492 * Coherent, Inc. 3,248 860,720 Cohu, Inc. 3,310 60,308 * CommerceHub, Inc. Series A 1,456 26,557 * CommerceHub, Inc. Series C 2,912 52,358 * CommScope Holding Co., Inc. 24,825 913,063 Communications Systems, Inc. 1,155 4,967 Computer Task Group, Inc. 1,400 7,728 Comtech Telecommunications Corp. 1,794 32,292 * Conduent, Inc. 23,477 387,605 * Control4 Corp. 4,282 97,844 Convergys Corp. 11,700 280,449 * CoreLogic, Inc. 11,749 535,167 Corning, Inc. 125,954 3,670,300 #* CoStar Group, Inc. 4,333 1,193,958 * Cray, Inc. 5,750 118,450 * Cree, Inc. 12,370 320,507 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) CSG Systems International, Inc. 4,900 $ 202,615 CSRA, Inc. 21,932 715,203 CTS Corp. 5,571 122,562 * CyberOptics Corp. 1,199 19,784 # Cypress Semiconductor Corp. 45,797 650,317 Daktronics, Inc. 4,150 40,587 * Dell Technologies, Inc. Class V 24,894 1,599,937 * DHI Group, Inc. 4,237 9,321 # Diebold Nixdorf, Inc. 9,200 215,280 * Digi International, Inc. 2,040 21,318 * Diodes, Inc. 3,450 91,528 Dolby Laboratories, Inc. Class A 7,903 408,980 * DSP Group, Inc. 3,109 39,173 DST Systems, Inc. 8,186 449,411 DXC Technology Co. 36,764 2,881,562 * Eastman Kodak Co. 399 3,791 * eBay, Inc. 132,294 4,726,865 # Ebix, Inc. 2,616 151,074 * EchoStar Corp. Class A 5,601 340,149 * Edgewater Technology, Inc. 1,000 7,090 * Electro Scientific Industries, Inc. 2,430 21,020 * Electronic Arts, Inc. 39,164 4,572,005 * Electronics for Imaging, Inc. 6,167 299,593 #* Ellie Mae, Inc. 5,300 462,266 #* eMagin Corp. 2,210 5,746 Emcore Corp. 827 9,593 * EnerNOC, Inc. 2,080 15,912 * Entegris, Inc. 20,172 526,489 #* Envestnet, Inc. 3,212 125,429 * EPAM Systems, Inc. 6,235 535,774 * ePlus, Inc. 2,095 169,485 * Euronet Worldwide, Inc. 6,400 618,304 * Everi Holdings, Inc. 5,930 44,238 * ExlService Holdings, Inc. 4,142 238,372 * Extreme Networks, Inc. 15,841 139,242 * F5 Networks, Inc. 8,448 1,020,096 * Fabrinet 5,460 245,755 * Facebook, Inc. Class A 308,759 52,257,461 Fair Isaac Corp. 4,225 602,274 * FARO Technologies, Inc. 2,100 82,950 Fidelity National Information Services, Inc. 41,473 3,783,167 * Finisar Corp. 14,575 396,731 #* FireEye, Inc. 13,300 194,579 #* First Data Corp. Class A 35,376 660,116 #* First Solar, Inc. 10,039 495,023 * Fiserv, Inc. 28,070 3,606,995 #* Fitbit, Inc. Class A 4,204 21,693 * FleetCor Technologies, Inc. 12,033 1,829,738 * Flex, Ltd. 69,859 1,117,045 FLIR Systems, Inc. 16,900 630,708 * FormFactor, Inc. 14,792 193,775 Forrester Research, Inc. 1,137 46,390 * Fortinet, Inc. 20,161 744,143 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Frequency Electronics, Inc. 798 $ 6,863 * Gartner, Inc. 11,802 1,514,433 Genpact, Ltd. 19,693 571,097 Global Payments, Inc. 20,367 1,922,034 #* Globant SA 1,246 57,279 * Glu Mobile, Inc. 1,098 2,998 * GoDaddy, Inc. Class A 7,759 333,482 #* GrubHub, Inc. 10,957 505,446 * GSE Systems, Inc. 1,745 4,886 * GSI Technology, Inc. 2,032 14,752 * GTT Communications, Inc. 5,314 162,343 #* Guidewire Software, Inc. 10,435 752,990 Hackett Group, Inc. (The) 5,500 90,310 #* Harmonic, Inc. 10,205 41,841 Harris Corp. 15,354 1,757,572 Hewlett Packard Enterprise Co. 216,828 3,796,658 HP, Inc. 223,228 4,263,655 * IAC/InterActiveCorp 9,568 1,001,100 * ID Systems, Inc. 1,700 11,611 * IEC Electronics Corp. 638 2,507 * II-VI, Inc. 6,993 266,433 #* Immersion Corp. 597 5,098 #* Infinera Corp. 23,990 281,403 * Innodata, Inc. 2,754 4,682 * Insight Enterprises, Inc. 4,020 162,890 #* Integrated Device Technology, Inc. 17,881 467,409 Intel Corp. 612,023 21,708,456 InterDigital, Inc. 4,500 327,825 #* Internap Corp. 7,852 29,838 International Business Machines Corp. 116,779 16,894,418 * Intevac, Inc. 2,384 27,058 * IntriCon Corp. 800 6,000 Intuit, Inc. 30,714 4,214,268 * IPG Photonics Corp. 4,920 750,989 * Iteris, Inc. 600 3,774 * Itron, Inc. 5,589 407,997 IXYS Corp. 2,391 41,603 # j2 Global, Inc. 6,183 523,267 Jabil, Inc. 21,394 652,517 # Jack Henry & Associates, Inc. 10,190 1,093,591 Juniper Networks, Inc. 44,530 1,244,613 * Kemet Corp. 8,818 148,583 * Key Tronic Corp. 749 5,445 * Keysight Technologies, Inc. 25,991 1,080,966 * Kimball Electronics, Inc. 1,875 36,469 KLA-Tencor Corp. 18,912 1,751,819 #* Knowles Corp. 9,690 146,803 #* Kopin Corp. 8,696 33,045 * Kulicke & Soffa Industries, Inc. 8,552 184,210 * KVH Industries, Inc. 2,000 21,800 Lam Research Corp. 20,620 3,288,065 * Lattice Semiconductor Corp. 18,052 125,642 * Leaf Group, Ltd. 553 4,175 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) Leidos Holdings, Inc. 18,055 $ 964,859 * Liquidity Services, Inc. 652 4,434 Littelfuse, Inc. 2,879 518,738 LogMeIn, Inc. 6,368 741,554 #* Lumentum Holdings, Inc. 7,931 496,481 * Luxoft Holding, Inc. 2,013 126,718 #* MACOM Technology Solutions Holdings, Inc. 4,158 251,767 #* MagnaChip Semiconductor Corp. 2,100 22,890 * Manhattan Associates, Inc. 8,776 387,899 ManTech International Corp. Class A 3,538 140,529 * Marchex, Inc. Class B 3,183 9,231 Marvell Technology Group, Ltd. 53,022 825,022 Mastercard, Inc. Class A 122,789 15,692,434 #* Match Group, Inc. 5,356 97,747 Maxim Integrated Products, Inc. 35,287 1,603,441 MAXIMUS, Inc. 8,503 513,241 * MaxLinear, Inc. 9,642 252,620 * Maxwell Technologies, Inc. 703 4,113 # Mesa Laboratories, Inc. 300 43,359 Methode Electronics, Inc. 5,669 225,343 # Microchip Technology, Inc. 27,198 2,176,928 * Micron Technology, Inc. 151,307 4,254,753 * Microsemi Corp. 14,504 755,368 Microsoft Corp. 955,651 69,475,828 * MicroStrategy, Inc. Class A 1,168 157,108 MKS Instruments, Inc. 6,435 538,288 * ModusLink Global Solutions, Inc. 5,100 8,568 * MoneyGram International, Inc. 1,383 22,571 Monolithic Power Systems, Inc. 4,632 473,946 Monotype Imaging Holdings, Inc. 4,300 81,055 Motorola Solutions, Inc. 19,841 1,799,182 # MTS Systems Corp. 3,390 178,653 * Nanometrics, Inc. 6,070 161,765 # National Instruments Corp. 14,365 590,976 * NCI, Inc. Class A 1,200 23,940 * NCR Corp. 16,791 635,539 #* NeoPhotonics Corp. 3,780 30,505 NetApp, Inc. 35,539 1,543,103 * NETGEAR, Inc. 3,951 189,253 * Netscout Systems, Inc. 11,014 379,983 #* NeuStar, Inc. Class A 7,800 260,520 NIC, Inc. 8,518 138,417 * Novanta, Inc. 4,534 167,305 * Nuance Communications, Inc. 33,216 574,637 * Numerex Corp. Class A 700 3,315 NVIDIA Corp. 76,807 12,481,906 #* Oclaro, Inc. 16,500 161,370 * ON Semiconductor Corp. 51,612 771,599 * Optical Cable Corp. 1,300 2,925 Oracle Corp. 400,104 19,977,193 * OSI Systems, Inc. 2,078 166,178 #* Palo Alto Networks, Inc. 11,581 1,526,144 * PAR Technology Corp. 1,750 15,680 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) Park Electrochemical Corp. 2,544 $ 47,802 Paychex, Inc. 40,914 2,366,875 #* Paycom Software, Inc. 4,422 309,938 * PayPal Holdings, Inc. 145,694 8,530,384 PC Connection, Inc. 1,900 49,020 PC-Tel, Inc. 2,700 19,197 * PCM, Inc. 1,468 18,167 #* PDF Solutions, Inc. 3,109 49,899 Pegasystems, Inc. 4,961 299,892 * Perceptron, Inc. 528 3,833 * Perficient, Inc. 2,556 48,053 * Photronics, Inc. 5,488 55,154 Plantronics, Inc. 4,499 203,265 * Plexus Corp. 3,889 208,489 Power Integrations, Inc. 4,366 308,458 * PRGX Global, Inc. 2,100 13,125 Progress Software Corp. 6,750 216,067 #* Proofpoint, Inc. 4,445 378,892 * PTC, Inc. 14,595 805,498 QAD, Inc. Class A 739 23,168 QAD, Inc. Class B 184 4,773 #* Qorvo, Inc. 16,501 1,131,309 QUALCOMM, Inc. 185,425 9,862,756 * Qualys, Inc. 2,750 110,412 * QuinStreet, Inc. 2,500 9,725 * Qumu Corp. 1,254 3,248 * Radisys Corp. 2,460 6,002 * Rambus, Inc. 11,313 145,825 * RealNetworks, Inc. 3,050 13,268 * RealPage, Inc. 7,054 273,342 * Red Hat, Inc. 22,417 2,216,369 Reis, Inc. 1,130 24,182 * Rogers Corp. 2,468 291,150 * Rosetta Stone, Inc. 1,296 13,427 * Rubicon Project, Inc. (The) 1,283 6,030 * Rudolph Technologies, Inc. 6,603 163,424 # Sabre Corp. 23,754 525,676 * salesforce.com, Inc. 87,020 7,901,416 * Sanmina Corp. 8,298 297,483 * ScanSource, Inc. 2,184 86,486 Science Applications International Corp. 5,128 361,062 * Seachange International, Inc. 3,000 8,520 # Seagate Technology P.L.C. 35,310 1,163,818 * Semtech Corp. 9,964 394,574 #* ServiceNow, Inc. 20,809 2,298,354 * ShoreTel, Inc. 4,620 34,419 * Shutterstock, Inc. 1,762 74,251 * Sigma Designs, Inc. 2,500 16,250 * Silicon Laboratories, Inc. 4,520 339,452 #* Silver Spring Networks, Inc. 3,633 41,089 Skyworks Solutions, Inc. 22,903 2,401,838 * Sonus Networks, Inc. 7,000 47,810 #* Splunk, Inc. 17,800 1,068,178 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Square, Inc. Class A 4,900 $ 129,115 # SS&C Technologies Holdings, Inc. 21,362 827,991 #* Stamps.com, Inc. 1,538 227,778 * StarTek, Inc. 2,385 29,336 * Stratasys, Ltd. 5,216 125,132 #* SunPower Corp. 5,642 62,852 * Super Micro Computer, Inc. 3,909 104,957 * Sykes Enterprises, Inc. 6,423 218,382 Symantec Corp. 78,441 2,430,887 #* Synaptics, Inc. 4,600 242,006 #* Synchronoss Technologies, Inc. 4,866 82,138 SYNNEX Corp. 3,406 405,042 * Synopsys, Inc. 17,968 1,375,810 # Syntel, Inc. 4,000 77,960 Systemax, Inc. 373 6,759 #* Tableau Software, Inc. Class A 6,314 406,937 #* Take-Two Interactive Software, Inc. 12,802 1,017,503 TE Connectivity, Ltd. 45,294 3,641,185 * Tech Data Corp. 4,313 441,651 TeleTech Holdings, Inc. 2,400 100,320 #* Teradata Corp. 15,885 505,461 Teradyne, Inc. 25,310 875,473 Tessco Technologies, Inc. 1,314 17,542 Texas Instruments, Inc. 128,286 10,439,915 TiVo Corp. 15,854 310,738 Total System Services, Inc. 19,883 1,261,775 TransAct Technologies, Inc. 600 5,310 Travelport Worldwide, Ltd. 22,094 315,944 * Travelzoo 400 4,200 * Trimble, Inc. 31,093 1,163,811 * TTM Technologies, Inc. 10,121 175,903 #* Twitter, Inc. 65,232 1,049,583 #* Tyler Technologies, Inc. 4,325 743,078 #* Ubiquiti Networks, Inc. 3,500 190,750 #* Ultimate Software Group, Inc. (The) 3,496 789,082 * Ultra Clean Holdings, Inc. 5,216 122,315 #* Unisys Corp. 4,732 60,570 # Universal Display Corp. 5,478 660,647 * Vantiv, Inc. Class A 20,060 1,274,813 * VASCO Data Security International, Inc. 601 8,114 * Veeco Instruments, Inc. 7,954 244,983 #* VeriFone Systems, Inc. 12,403 241,983 * Verint Systems, Inc. 8,843 350,625 #* VeriSign, Inc. 12,078 1,221,931 Versum Materials, Inc. 12,647 445,933 #* ViaSat, Inc. 5,643 372,946 * Viavi Solutions, Inc. 25,300 277,541 * Virtusa Corp. 3,423 113,472 # Visa, Inc. Class A 239,743 23,868,813 # Vishay Intertechnology, Inc. 18,328 327,155 * Vishay Precision Group, Inc. 1,973 34,528 #* VMware, Inc. Class A 9,342 866,097 Wayside Technology Group, Inc. 152 2,614 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Information Technology -- (Continued) * Web.com Group, Inc. 4,305 $ 94,495 #* WebMD Health Corp. 5,478 362,917 Western Digital Corp. 36,834 3,135,310 # Western Union Co. (The) 63,452 1,253,177 * WEX, Inc. 5,140 558,615 #* Workday, Inc. Class A 14,439 1,474,366 * Xcerra Corp. 4,140 40,199 Xerox Corp. 29,346 900,042 # Xilinx, Inc. 31,818 2,012,807 * XO Group, Inc. 4,000 73,120 Xperi Corp. 5,553 162,425 * Zebra Technologies Corp. Class A 6,332 644,091 * Zedge, Inc. Class B 600 1,242 * Zillow Group, Inc. Class A 6,469 293,887 #* Zillow Group, Inc. Class C 13,746 620,769 * Zix Corp. 4,055 21,613 #* Zynga, Inc. Class A 88,653 320,037 ------------ Total Information Technology 720,811,277 ------------ Materials -- (3.1%) A Schulman, Inc. 3,119 82,030 * AdvanSix, Inc. 3,590 120,193 Air Products & Chemicals, Inc. 26,494 3,766,122 #* AK Steel Holding Corp. 44,840 253,794 Albemarle Corp. 14,666 1,698,323 Alcoa Corp. 19,747 718,791 # Allegheny Technologies, Inc. 11,087 209,988 American Vanguard Corp. 2,950 52,215 # AptarGroup, Inc. 8,000 647,440 Ashland Global Holdings, Inc. 7,852 510,145 Avery Dennison Corp. 11,501 1,068,788 * Axalta Coating Systems, Ltd. 27,508 866,502 Balchem Corp. 4,312 334,611 # Ball Corp. 40,366 1,691,335 Bemis Co., Inc. 12,291 520,770 * Berry Global Group, Inc. 16,920 948,874 * Boise Cascade Co. 7,452 226,168 Cabot Corp. 8,136 442,029 Calgon Carbon Corp. 5,900 94,400 Carpenter Technology Corp. 6,401 258,792 Celanese Corp. Series A 18,430 1,772,413 #* Century Aluminum Co. 6,661 111,772 # CF Industries Holdings, Inc. 30,115 883,875 Chase Corp. 1,300 140,465 Chemours Co. (The) 24,155 1,150,020 * Clearwater Paper Corp. 2,200 108,130 #* Cliffs Natural Resources, Inc. 43,308 334,338 * Coeur Mining, Inc. 13,526 111,995 Commercial Metals Co. 14,074 261,776 # Compass Minerals International, Inc. 4,658 321,635 * Core Molding Technologies, Inc. 389 7,418 * Crown Holdings, Inc. 17,992 1,069,984 Deltic Timber Corp. 1,282 92,471 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) Domtar Corp. 7,486 $ 292,403 Dow Chemical Co. (The) 106,435 6,837,384 Eagle Materials, Inc. 6,164 580,032 Eastman Chemical Co. 17,099 1,421,953 Ecolab, Inc. 33,359 4,392,380 EI du Pont de Nemours & Co. 101,926 8,379,337 * Ferro Corp. 11,300 217,412 Ferroglobe P.L.C. 6,858 87,645 #* Flotek Industries, Inc. 5,082 42,790 # FMC Corp. 16,900 1,290,822 * Freeport-McMoRan, Inc. 174,605 2,552,725 Friedman Industries, Inc. 599 3,247 FutureFuel Corp. 1,256 18,287 * GCP Applied Technologies, Inc. 8,700 263,610 Graphic Packaging Holding Co. 39,100 515,729 Greif, Inc. Class A 3,847 215,778 Hawkins, Inc. 888 39,916 Haynes International, Inc. 1,800 56,304 HB Fuller Co. 6,500 334,880 Hecla Mining Co. 47,181 255,249 Huntsman Corp. 26,384 702,342 * Ingevity Corp. 5,084 297,414 Innophos Holdings, Inc. 2,500 104,425 Innospec, Inc. 3,975 248,040 International Flavors & Fragrances, Inc. 9,544 1,271,070 International Paper Co. 52,000 2,858,960 #* Intrepid Potash, Inc. 5,600 16,968 Kaiser Aluminum Corp. 1,800 175,122 KapStone Paper and Packaging Corp. 9,108 208,209 KMG Chemicals, Inc. 1,500 75,930 * Koppers Holdings, Inc. 4,720 171,336 * Kraton Corp. 6,011 223,609 # Kronos Worldwide, Inc. 2,426 51,722 * Louisiana-Pacific Corp. 17,000 426,870 #* LSB Industries, Inc. 2,000 14,160 LyondellBasell Industries NV Class A 44,792 4,035,311 Martin Marietta Materials, Inc. 7,275 1,647,278 Materion Corp. 4,330 166,489 # McEwen Mining, Inc. 13,772 35,945 Mercer International, Inc. 3,588 39,468 Minerals Technologies, Inc. 4,300 304,440 Monsanto Co. 52,188 6,096,602 Mosaic Co. (The) 40,280 972,359 Myers Industries, Inc. 3,889 66,113 Neenah Paper, Inc. 2,619 209,258 NewMarket Corp. 1,212 557,653 Newmont Mining Corp. 66,348 2,466,155 * Northern Technologies International Corp. 300 5,475 Nucor Corp. 40,717 2,348,149 Olin Corp. 23,348 688,299 * OMNOVA Solutions, Inc. 3,300 31,020 #* Owens-Illinois, Inc. 19,727 471,475 Packaging Corp. of America 11,500 1,259,020 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Materials -- (Continued) PH Glatfelter Co. 4,200 $ 85,974 #* Platform Specialty Products Corp. 23,645 331,267 PolyOne Corp. 10,028 366,824 PPG Industries, Inc. 32,665 3,437,991 Praxair, Inc. 35,225 4,584,886 Quaker Chemical Corp. 2,116 300,197 Rayonier Advanced Materials, Inc. 4,767 71,076 Reliance Steel & Aluminum Co. 9,186 664,699 Royal Gold, Inc. 7,699 667,195 RPM International, Inc. 16,418 851,602 Schnitzer Steel Industries, Inc. Class A 5,069 130,780 Schweitzer-Mauduit International, Inc. 3,186 122,406 # Scotts Miracle-Gro Co. (The) 5,865 562,981 Sealed Air Corp. 23,412 1,018,656 Sensient Technologies Corp. 5,521 410,542 Sherwin-Williams Co. (The) 10,032 3,383,493 Silgan Holdings, Inc. 11,200 339,360 Sonoco Products Co. 11,872 575,555 Southern Copper Corp. 10,534 414,408 Steel Dynamics, Inc. 29,900 1,058,759 Stepan Co. 1,746 143,469 * Summit Materials, Inc. Class A 11,579 329,307 * SunCoke Energy, Inc. 6,923 61,961 * Synalloy Corp. 737 8,328 #* TimkenSteel Corp. 4,280 68,009 * Trecora Resources 613 7,080 Tredegar Corp. 2,230 33,673 Trinseo SA 5,923 416,387 # Tronox, Ltd. Class A 11,867 229,983 United States Lime & Minerals, Inc. 353 28,671 # United States Steel Corp. 20,893 490,777 * Universal Stainless & Alloy Products, Inc. 545 10,355 #* US Concrete, Inc. 1,426 111,727 Valvoline, Inc. 23,858 540,861 Vulcan Materials Co. 16,576 2,040,837 Westlake Chemical Corp. 5,120 360,243 WestRock Co. 30,506 1,751,655 Worthington Industries, Inc. 5,920 299,966 WR Grace & Co. 9,200 634,432 ------------ Total Materials 103,868,543 ------------ Real Estate -- (0.2%) Alexander & Baldwin, Inc. 7,449 312,337 * Altisource Asset Management Corp. 240 22,080 #* Altisource Portfolio Solutions SA 2,400 62,616 * CBRE Group, Inc. Class A 37,154 1,411,480 Colony NorthStar, Inc. Class A 21,618 316,488 Consolidated-Tomoka Land Co. 681 37,755 * Forestar Group, Inc. 3,501 60,042 HFF, Inc. Class A 4,757 174,677 * Howard Hughes Corp. (The) 4,411 554,948 Jones Lang LaSalle, Inc. 5,500 699,710 Kennedy-Wilson Holdings, Inc. 11,175 224,618 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Real Estate -- (Continued) * Marcus & Millichap, Inc. 1,064 $ 27,238 RE/MAX Holdings, Inc. Class A 3,149 183,114 # Realogy Holdings Corp. 17,722 588,370 #* St Joe Co. (The) 4,493 81,099 * Tejon Ranch Co. 1,649 34,596 ----------- Total Real Estate 4,791,168 ----------- Telecommunication Services -- (2.0%) * Alaska Communications Systems Group, Inc. 1,400 3,150 AT&T, Inc. 802,070 31,280,730 ATN International, Inc. 1,149 66,642 * Boingo Wireless, Inc. 6,700 99,361 # CenturyLink, Inc. 66,159 1,539,520 * Cincinnati Bell, Inc. 7,080 132,042 Cogent Communications Holdings, Inc. 5,580 232,965 Consolidated Communications Holdings, Inc. 8,649 155,682 # Frontier Communications Corp. 9,761 149,441 * General Communication, Inc. Class A 3,550 151,478 IDT Corp. Class B 1,800 26,658 #* Iridium Communications, Inc. 4,218 41,969 * Level 3 Communications, Inc. 37,977 2,228,490 * Lumos Networks Corp. 2,000 35,820 * ORBCOMM, Inc. 7,396 85,868 Shenandoah Telecommunications Co. 7,800 239,850 Spok Holdings, Inc. 2,839 46,560 #* Sprint Corp. 89,897 717,378 #* Straight Path Communications, Inc. Class B 900 161,460 * T-Mobile US, Inc. 35,703 2,201,447 Telephone & Data Systems, Inc. 12,395 352,390 * United States Cellular Corp. 1,000 37,880 Verizon Communications, Inc. 531,698 25,734,183 * Vonage Holdings Corp. 25,192 166,519 # Windstream Holdings, Inc. 22,208 84,168 * Zayo Group Holdings, Inc. 19,338 634,093 ----------- Total Telecommunication Services 66,605,744 ----------- Utilities -- (3.1%) AES Corp. 84,027 939,422 ALLETE, Inc. 6,181 452,882 Alliant Energy Corp. 29,200 1,183,476 Ameren Corp. 30,263 1,697,754 American Electric Power Co., Inc. 63,173 4,456,223 American States Water Co. 4,635 229,201 American Water Works Co., Inc. 21,747 1,763,682 # Aqua America, Inc. 23,379 780,391 Artesian Resources Corp. Class A 471 18,317 Atlantica Yield PLC 7,265 156,997 Atmos Energy Corp. 14,102 1,223,490 # Avangrid, Inc. 8,231 373,852 # Avista Corp. 8,367 440,188 # Black Hills Corp. 7,009 488,247 California Water Service Group 6,569 255,534 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Utilities -- (Continued) * Calpine Corp. 43,292 $ 622,539 CenterPoint Energy, Inc. 53,173 1,498,947 Chesapeake Utilities Corp. 2,134 164,852 CMS Energy Corp. 33,660 1,556,438 Connecticut Water Service, Inc. 1,422 81,026 # Consolidated Edison, Inc. 39,492 3,272,307 Consolidated Water Co., Ltd. 777 10,023 Delta Natural Gas Co., Inc. 720 21,910 # Dominion Energy, Inc. 81,181 6,265,550 DTE Energy Co. 22,519 2,410,884 Duke Energy Corp. 90,229 7,680,292 #* Dynegy, Inc. 11,135 99,992 Edison International 40,668 3,199,758 El Paso Electric Co. 5,373 278,859 Entergy Corp. 22,900 1,756,888 # Eversource Energy 41,745 2,537,679 Exelon Corp. 119,054 4,564,530 # FirstEnergy Corp. 53,429 1,704,919 Gas Natural, Inc. 850 11,008 Genie Energy, Ltd. Class B 1,800 11,934 Great Plains Energy, Inc. 28,474 878,708 # Hawaiian Electric Industries, Inc. 16,851 555,914 IDACORP, Inc. 6,882 594,330 # MDU Resources Group, Inc. 24,807 653,664 MGE Energy, Inc. 4,689 312,053 Middlesex Water Co. 1,620 63,569 # National Fuel Gas Co. 8,985 532,002 New Jersey Resources Corp. 10,608 447,127 NextEra Energy, Inc. 60,650 8,860,358 NiSource, Inc. 43,875 1,143,382 Northwest Natural Gas Co. 3,339 210,691 NorthWestern Corp. 6,038 348,936 NRG Energy, Inc. 38,214 940,829 NRG Yield, Inc. Class A 4,576 83,420 # NRG Yield, Inc. Class C 8,330 154,938 OGE Energy Corp. 24,908 893,201 ONE Gas, Inc. 6,150 447,597 Ormat Technologies, Inc. 4,395 260,623 Otter Tail Corp. 5,036 203,706 Pattern Energy Group, Inc. 9,058 227,356 PG&E Corp. 63,756 4,315,644 Pinnacle West Capital Corp. 13,915 1,206,848 PNM Resources, Inc. 10,346 412,288 Portland General Electric Co. 11,307 505,310 PPL Corp. 83,964 3,218,340 Public Service Enterprise Group, Inc. 63,207 2,842,419 RGC Resources, Inc. 300 8,055 SCANA Corp. 16,973 1,092,552 # Sempra Energy 29,596 3,344,644 SJW Corp. 2,210 116,843 South Jersey Industries, Inc. 10,188 346,086 Southern Co. (The) 126,755 6,075,367 Southwest Gas Holdings, Inc. 6,069 486,127 TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Utilities -- (Continued) Spire, Inc. 5,850 $ 424,710 UGI Corp. 21,812 1,100,852 Unitil Corp. 1,600 81,200 Vectren Corp. 10,340 621,537 # WEC Energy Group, Inc. 40,629 2,558,408 Westar Energy, Inc. 18,089 918,017 WGL Holdings, Inc. 6,599 565,666 Xcel Energy, Inc. 63,411 2,999,974 York Water Co. (The) 900 31,320 -------------- Total Utilities 103,294,602 -------------- TOTAL COMMON STOCKS 3,122,532,994 -------------- RIGHTS/WARRANTS -- (0.0%) (degrees)* Dyax Corp. Contingent Value Rights 15,701 17,428 (degrees)#* Safeway Casa Ley Contingent Value Rights 26,773 27,172 (degrees)#* Safeway PDC, LLC Contingent Value Rights 26,773 8 -------------- TOTAL RIGHTS/WARRANTS 44,608 -------------- TOTAL INVESTMENT SECURITIES 3,122,577,602 -------------- TEMPORARY CASH INVESTMENTS -- (1.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% 34,841,917 34,841,917 -------------- SECURITIES LENDING COLLATERAL -- (4.7%) (S)@ DFA Short Term Investment Fund 13,706,804 158,615,138 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,705,097,339)^^ $3,316,034,657 ============== TAX-MANAGED U.S. EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary $ 412,432,483 $ 7,632 -- $ 412,440,115 Consumer Staples 259,767,606 -- -- 259,767,606 Energy 180,216,692 -- -- 180,216,692 Financials 481,557,311 -- -- 481,557,311 Health Care 440,270,971 -- -- 440,270,971 Industrials 348,908,965 -- -- 348,908,965 Information Technology 720,811,277 -- -- 720,811,277 Materials 103,868,543 -- -- 103,868,543 Real Estate 4,791,168 -- -- 4,791,168 Telecommunication Services 66,605,744 -- -- 66,605,744 Utilities 103,294,602 -- -- 103,294,602 Rights/Warrants -- 44,608 -- 44,608 Temporary Cash Investments 34,841,917 -- -- 34,841,917 Securities Lending Collateral -- 158,615,138 -- 158,615,138 Futures Contracts** 390,893 -- -- 390,893 -------------- ------------ -- -------------- TOTAL $3,157,758,172 $158,667,378 -- $3,316,425,550 ============== ============ == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (88.3%) Consumer Discretionary -- (13.0%) * 1-800-Flowers.com, Inc. Class A 181,395 $ 1,750,462 A.H. Belo Corp. Class A 59,284 314,205 # Aaron's, Inc. 234,998 10,875,707 # Adient P.L.C. 139,760 9,150,087 # Adtalem Global Education, Inc. 216,452 7,034,690 Advance Auto Parts, Inc. 209 23,410 # AMC Entertainment Holdings, Inc. Class A 151,004 3,080,482 AMCON Distributing Co. 388 37,617 * America's Car-Mart, Inc. 44,364 1,739,069 #* American Axle & Manufacturing Holdings, Inc. 291,408 4,295,354 # American Eagle Outfitters, Inc. 256,487 3,036,806 * American Public Education, Inc. 32,290 687,777 Ark Restaurants Corp. 11,046 251,186 * Asbury Automotive Group, Inc. 761 41,094 #* Ascena Retail Group, Inc. 471,864 1,104,162 #* Ascent Capital Group, Inc. Class A 34,921 590,165 #* AutoNation, Inc. 237,398 10,060,927 #* AV Homes, Inc. 32,260 517,773 * Ballantyne Strong, Inc. 83,735 569,398 * Barnes & Noble Education, Inc. 157,043 1,135,421 Barnes & Noble, Inc. 197,235 1,607,465 Bassett Furniture Industries, Inc. 44,555 1,657,446 Beasley Broadcast Group, Inc. Class A 28,342 297,591 * Beazer Homes USA, Inc. 11,351 150,514 # Bed Bath & Beyond, Inc. 277,980 8,311,602 * Belmond, Ltd. Class A 259,778 3,390,103 # Big 5 Sporting Goods Corp. 60,866 654,309 * Biglari Holdings, Inc. 784 293,467 #* BJ's Restaurants, Inc. 50,432 1,780,250 # Bob Evans Farms, Inc. 42,224 2,921,056 * Bojangles', Inc. 16,495 219,384 #* Boot Barn Holdings, Inc. 21,376 171,222 Bowl America, Inc. Class A 10,764 157,386 # Boyd Gaming Corp. 179,677 4,502,706 #* Bridgepoint Education, Inc. 90,988 883,493 #* Build-A-Bear Workshop, Inc. 89,058 854,957 * Cabela's, Inc. 208,284 11,868,022 # CalAtlantic Group, Inc. 385,075 13,516,132 Caleres, Inc. 191,145 5,214,436 Callaway Golf Co. 378,120 4,813,468 * Cambium Learning Group, Inc. 56,997 280,425 Canterbury Park Holding Corp. 7,625 88,450 * Career Education Corp. 170,253 1,431,828 # Carriage Services, Inc. 139,784 3,409,332 * Carrols Restaurant Group, Inc. 65,275 796,355 # Cato Corp. (The) Class A 76,270 1,297,353 * Cavco Industries, Inc. 27,848 3,631,379 * Century Casinos, Inc. 501 3,602 * Century Communities, Inc. 23,043 596,814 #* Chegg, Inc. 15,300 211,905 #* Cherokee, Inc. 1,715 9,004 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Chico's FAS, Inc. 169,343 $ 1,549,488 # Children's Place, Inc. (The) 29,455 3,111,921 # Churchill Downs, Inc. 52,670 9,851,923 * Chuy's Holdings, Inc. 23,231 547,090 Citi Trends, Inc. 41,509 919,424 Clear Channel Outdoor Holdings, Inc. Class A 31,420 159,299 # Columbia Sportswear Co. 9,424 570,906 #* Conn's, Inc. 111,512 2,386,357 #* Container Store Group, Inc. (The) 9,100 48,685 # Cooper Tire & Rubber Co. 158,051 5,776,764 * Cooper-Standard Holdings, Inc. 26,793 2,739,852 # Core-Mark Holding Co., Inc. 203,514 7,462,858 * Crocs, Inc. 244,330 1,939,980 Crown Crafts, Inc. 1,774 9,580 # CSS Industries, Inc. 33,486 896,420 Culp, Inc. 36,886 1,106,580 #* Daily Journal Corp. 244 49,971 * Deckers Outdoor Corp. 96,421 6,253,866 * Del Frisco's Restaurant Group, Inc. 71,077 1,009,293 #* Del Taco Restaurants, Inc. 65,419 856,335 #* Delta Apparel, Inc. 17,375 365,396 #* Destination XL Group, Inc. 67,160 134,320 # Dillard's, Inc. Class A 169,983 12,548,145 # DineEquity, Inc. 25,930 1,066,760 * Dixie Group, Inc. (The) 70,400 299,200 #* Dorman Products, Inc. 34,597 2,701,334 Dover Motorsports, Inc. 68,257 139,927 # Drive Shack, Inc. 47,183 144,380 DSW, Inc. Class A 259,025 4,672,811 # Educational Development Corp. 2,276 23,215 * El Pollo Loco Holdings, Inc. 7,604 98,852 #* Eldorado Resorts, Inc. 102,017 2,081,147 * Emerson Radio Corp. 19,652 24,958 # Entercom Communications Corp. Class A 41,327 407,071 Entravision Communications Corp. Class A 46,230 300,495 # Escalade, Inc. 24,227 299,203 # Ethan Allen Interiors, Inc. 63,061 2,021,105 #* EW Scripps Co. (The) Class A 354,768 6,971,191 * Express, Inc. 120,613 730,915 #* Fiesta Restaurant Group, Inc. 120,075 2,017,260 # Finish Line, Inc. (The) Class A 111,349 1,532,162 Flanigan's Enterprises, Inc. 5,016 134,429 Flexsteel Industries, Inc. 26,545 1,485,989 #* Fossil Group, Inc. 85,017 956,441 # Fred's, Inc. Class A 133,543 904,086 * FTD Cos., Inc. 109,271 2,147,175 #* G-III Apparel Group, Ltd. 130,886 3,406,963 #* Gaia, Inc. 8,931 107,619 # GameStop Corp. Class A 511,847 11,101,961 Gaming Partners International Corp. 100 1,064 Gannett Co., Inc. 251,340 2,254,520 #* Genesco, Inc. 87,141 2,797,226 Gentex Corp. 105,621 1,797,669 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Graham Holdings Co. Class B 14,457 $ 8,564,327 * Gray Television, Inc. 226,443 3,374,001 * Gray Television, Inc. Class A 2,809 36,025 * Green Brick Partners, Inc. 2,817 31,691 # Group 1 Automotive, Inc. 122,299 7,282,905 # Guess?, Inc. 229,566 2,998,132 Haverty Furniture Cos., Inc. 108,607 2,416,506 Haverty Furniture Cos., Inc. Class A 700 15,663 * Helen of Troy, Ltd. 120,833 12,173,925 * Hemisphere Media Group, Inc. 2,000 25,000 * Hibbett Sports, Inc. 35,808 558,605 Hooker Furniture Corp. 53,234 2,246,475 #* Horizon Global Corp. 37,332 520,408 #* Houghton Mifflin Harcourt Co. 70,658 844,363 #* Iconix Brand Group, Inc. 274,993 1,834,203 ILG, Inc. 267,022 7,078,753 # International Game Technology P.L.C. 145,862 2,777,212 International Speedway Corp. Class A 90,043 3,223,539 * Intrawest Resorts Holdings, Inc. 12,813 304,309 #* iRobot Corp. 1,711 180,528 * J Alexander's Holdings, Inc. 5,262 55,514 #* JAKKS Pacific, Inc. 21,625 71,363 #* JC Penney Co., Inc. 237,295 1,283,766 # John Wiley & Sons, Inc. Class A 15,012 829,413 Johnson Outdoors, Inc. Class A 94,618 4,780,101 * K12, Inc. 116,668 2,066,190 #* Kirkland's, Inc. 60,259 563,422 # Kohl's Corp. 467,399 19,326,949 #* Kona Grill, Inc. 5,874 15,566 * La Quinta Holdings, Inc. 96,180 1,434,044 La-Z-Boy, Inc. 211,867 7,161,105 * Lakeland Industries, Inc. 20,007 301,105 Lennar Corp. Class B 55,123 2,451,320 Libbey, Inc. 50,287 452,583 * Liberty Expedia Holdings, Inc. Class A 56,310 3,212,485 Liberty Tax, Inc. 5,035 70,994 * Liberty TripAdvisor Holdings, Inc. Class A 228,836 2,688,823 * Liberty Ventures Series A 84,465 5,116,890 Lifetime Brands, Inc. 61,457 1,164,610 * Lincoln Educational Services Corp. 8,887 27,639 # Lithia Motors, Inc. Class A 73,939 7,634,202 * Luby's, Inc. 106,026 304,295 * M/I Homes, Inc. 95,252 2,470,837 Macy's, Inc. 311,878 7,407,102 * Madison Square Garden Co. (The) Class A 51,810 11,383,693 Marcus Corp. (The) 108,304 2,945,869 * MarineMax, Inc. 127,066 1,899,637 # Marriott Vacations Worldwide Corp. 78,912 9,220,867 MDC Holdings, Inc. 137,454 4,713,298 (degrees) Media General, Inc. 109,358 220,903 # Meredith Corp. 89,799 5,338,551 * Meritage Homes Corp. 93,172 3,796,759 * Modine Manufacturing Co. 147,459 2,396,209 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Monarch Casino & Resort, Inc. 8,637 $ 285,798 #* Motorcar Parts of America, Inc. 56,988 1,593,954 Movado Group, Inc. 105,959 2,606,591 * MSG Networks, Inc. Class A 60,153 1,287,274 #* Murphy USA, Inc. 22,484 1,702,713 # NACCO Industries, Inc. Class A 24,983 1,638,885 * Nathan's Famous, Inc. 8,610 538,125 #* Nautilus, Inc. 32,258 567,741 * New Home Co., Inc. (The) 1,300 14,053 # New Media Investment Group, Inc. 61,805 861,562 * New York & Co., Inc. 15,570 24,289 New York Times Co. (The) Class A 175,153 3,327,907 News Corp. Class A 482,206 6,900,368 News Corp. Class B 82,837 1,217,704 # Nexstar Media Group, Inc. Class A 358 23,413 Office Depot, Inc. 1,398,222 8,207,563 #* Overstock.com, Inc. 160,769 2,572,304 P&F Industries, Inc. Class A 1,423 8,581 Peak Resorts, Inc. 1,800 9,405 # Penske Automotive Group, Inc. 236,131 10,281,144 * Perfumania Holdings, Inc. 6,791 10,594 * Perry Ellis International, Inc. 81,166 1,594,100 * PICO Holdings, Inc. 61,148 993,655 Pier 1 Imports, Inc. 299,639 1,381,336 #* Pinnacle Entertainment, Inc. 45,175 858,325 #* Potbelly Corp. 71,311 820,076 PulteGroup, Inc. 1,191,748 29,102,486 PVH Corp. 16,256 1,939,178 # Ralph Lauren Corp. 57,569 4,355,095 RCI Hospitality Holdings, Inc. 40,210 912,365 * Reading International, Inc. Class A 39,141 624,690 * Reading International, Inc. Class B 6,238 129,750 * Red Lion Hotels Corp. 79,093 565,515 #* Red Robin Gourmet Burgers, Inc. 59,273 3,544,525 * Regis Corp. 140,989 1,484,614 Rocky Brands, Inc. 19,704 274,871 * Ruby Tuesday, Inc. 275,581 556,674 Saga Communications, Inc. Class A 34,254 1,330,768 Salem Media Group, Inc. 41,557 297,133 Scholastic Corp. 140,916 5,838,150 #* Sears Hometown and Outlet Stores, Inc. 2,771 6,235 #* Sequential Brands Group, Inc. 4,118 13,219 # Service Corp. International 12,802 444,613 * Shiloh Industries, Inc. 101,943 756,417 # Shoe Carnival, Inc. 115,172 2,103,041 #* Shutterfly, Inc. 12,631 619,424 # Signet Jewelers, Ltd. 62,765 3,838,707 * Skechers U.S.A., Inc. Class A 93,500 2,626,415 # Sonic Automotive, Inc. Class A 82,862 1,503,945 Speedway Motorsports, Inc. 190,035 4,040,144 Standard Motor Products, Inc. 123,563 6,225,104 Staples, Inc. 1,561,291 15,847,104 * Stoneridge, Inc. 78,685 1,200,733 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) Strattec Security Corp. 12,875 $ 457,062 Superior Industries International, Inc. 138,538 2,708,418 Superior Uniform Group, Inc. 78,672 1,756,746 * Sypris Solutions, Inc. 7,590 12,637 # Tailored Brands, Inc. 5,859 73,472 * Tandy Leather Factory, Inc. 44,974 398,020 * Taylor Morrison Home Corp. Class A 4,183 94,619 # TEGNA, Inc. 412,001 6,109,975 Tilly's, Inc. Class A 48,517 484,200 Time, Inc. 325,455 4,572,643 Toll Brothers, Inc. 833,225 32,154,153 * TopBuild Corp. 62,625 3,305,347 Tower International, Inc. 45,248 1,117,626 * Townsquare Media, Inc. Class A 1,900 21,014 * Trans World Entertainment Corp. 51,290 89,758 #* TRI Pointe Group, Inc. 492,297 6,547,550 #* Tuesday Morning Corp. 114,347 211,542 * UCP, Inc. Class A 20,082 223,914 * Unifi, Inc. 94,608 3,099,358 Unique Fabricating, Inc. 873 7,639 * Universal Electronics, Inc. 25,611 1,753,073 * Universal Technical Institute, Inc. 3,080 10,965 #* Urban One, Inc. 33,283 63,238 #* Urban Outfitters, Inc. 363,199 7,115,068 #* Vera Bradley, Inc. 81,841 824,957 #* Vista Outdoor, Inc. 170,990 3,948,159 * Visteon Corp. 7,338 818,481 * Vitamin Shoppe, Inc. 52,778 580,558 * VOXX International Corp. 20,012 134,080 # Wendy's Co. (The) 710,646 10,972,374 West Marine, Inc. 89,263 1,150,600 Weyco Group, Inc. 13,462 375,321 #* William Lyon Homes Class A 97,772 2,210,625 Winnebago Industries, Inc. 56,546 2,080,893 # Wolverine World Wide, Inc. 78,722 2,219,960 * ZAGG, Inc. 68,493 578,766 #* Zoe's Kitchen, Inc. 14,073 159,166 #* Zumiez, Inc. 31,030 394,081 ------------ Total Consumer Discretionary 651,875,936 ------------ Consumer Staples -- (3.2%) Alico, Inc. 9,201 277,870 #* Alliance One International, Inc. 28,176 428,275 # Andersons, Inc. (The) 126,005 4,340,872 # B&G Foods, Inc. 2,721 98,636 * Bridgford Foods Corp. 2,376 26,516 #* Cal-Maine Foods, Inc. 6,788 258,962 # Casey's General Stores, Inc. 4,430 472,903 * CCA Industries, Inc. 9,091 32,273 #* Central Garden & Pet Co. 61,250 1,960,000 * Central Garden & Pet Co. Class A 176,558 5,430,924 #* Chefs' Warehouse, Inc. (The) 60,691 880,020 # Coca-Cola Bottling Co. Consolidated 4,253 1,021,103 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) #* Craft Brew Alliance, Inc. 90,069 $ 1,576,207 * Darling Ingredients, Inc. 642,843 10,459,056 # Dean Foods Co. 236,973 3,554,595 #* Edgewell Personal Care Co. 12,003 866,617 #* Farmer Brothers Co. 42,859 1,335,058 Fresh Del Monte Produce, Inc. 253,809 13,063,549 #* Hain Celestial Group, Inc. (The) 181,064 8,095,371 #* Hostess Brands, Inc. 88,475 1,351,898 Ingles Markets, Inc. Class A 64,005 1,888,147 Ingredion, Inc. 19,553 2,411,276 Inter Parfums, Inc. 27,619 1,071,617 #* Inventure Foods, Inc. 16,576 64,646 # J&J Snack Foods Corp. 800 105,120 # John B. Sanfilippo & Son, Inc. 47,866 3,078,741 * Landec Corp. 114,200 1,404,660 Limoneira Co. 4,808 109,430 Mannatech, Inc. 8,479 137,784 # MGP Ingredients, Inc. 32,635 1,924,160 * Natural Alternatives International, Inc. 18,948 189,480 #* Natural Grocers by Vitamin Cottage, Inc. 10,425 91,844 Nature's Sunshine Products, Inc. 2,045 25,869 Nutraceutical International Corp. 63,201 2,641,802 Oil-Dri Corp. of America 28,763 1,189,638 Omega Protein Corp. 123,884 1,982,144 # Orchids Paper Products Co. 26,967 303,648 Pinnacle Foods, Inc. 115,947 6,884,933 #* Post Holdings, Inc. 241,453 20,088,890 # Sanderson Farms, Inc. 86,181 11,268,166 Seaboard Corp. 2,639 11,281,725 * Seneca Foods Corp. Class A 29,598 849,463 * Seneca Foods Corp. Class B 1,786 55,187 #* Smart & Final Stores, Inc. 3,236 27,830 # Snyder's-Lance, Inc. 99,442 3,459,587 # SpartanNash Co. 230,863 6,404,140 # Spectrum Brands Holdings, Inc. 23,778 2,744,932 #* SUPERVALU, Inc. 87,915 314,736 #* TreeHouse Foods, Inc. 45,157 3,830,668 #* United Natural Foods, Inc. 217,982 8,398,846 # Universal Corp. 108,949 6,967,289 # Village Super Market, Inc. Class A 14,524 359,179 Weis Markets, Inc. 47,949 2,268,467 ------------ Total Consumer Staples 159,354,749 ------------ Energy -- (6.2%) Adams Resources & Energy, Inc. 23,604 896,716 Andeavor 80,110 7,973,348 #* Antero Resources Corp. 324,777 6,696,902 Archrock, Inc. 114,007 1,248,377 #* Atwood Oceanics, Inc. 240,341 1,889,080 * Barnwell Industries, Inc. 21,737 40,648 #* Bill Barrett Corp. 274,179 926,725 # Bristow Group, Inc. 117,000 862,290 #* Callon Petroleum Co. 611,225 6,919,067 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) #* CARBO Ceramics, Inc. 18,923 $ 133,786 #* Clean Energy Fuels Corp. 157,869 413,617 * Cloud Peak Energy, Inc. 230,436 797,309 #* CONSOL Energy, Inc. 795,327 13,329,681 * Contango Oil & Gas Co. 89,376 536,256 # CVR Energy, Inc. 25,552 483,188 * Dawson Geophysical Co. 61,004 244,626 Delek US Holdings, Inc. 280,340 7,319,677 DHT Holdings, Inc. 73,099 304,092 #* Diamond Offshore Drilling, Inc. 266,866 3,314,476 #* Dorian LPG, Ltd. 53,065 382,068 #* Dril-Quip, Inc. 187,342 8,355,453 #* Earthstone Energy, Inc. Class A 1,896 18,714 * Eclipse Resources Corp. 76,333 214,496 # EnLink Midstream LLC 115,695 2,030,447 # Ensco P.L.C. Class A 922,639 4,880,760 * Era Group, Inc. 74,042 648,608 * Exterran Corp. 125,763 3,482,377 #* Forum Energy Technologies, Inc. 485,432 6,431,974 # GasLog, Ltd. 559 10,202 #* Geospace Technologies Corp. 21,819 335,794 Green Plains, Inc. 135,748 2,681,023 Gulf Island Fabrication, Inc. 44,467 506,924 * Gulfport Energy Corp. 555,819 7,014,436 * Halcon Resources Corp. 7,547 49,508 Hallador Energy Co. 2,000 13,780 * Helix Energy Solutions Group, Inc. 540,545 3,535,164 # Helmerich & Payne, Inc. 299,637 15,167,625 # HollyFrontier Corp. 320,916 9,255,217 * Independence Contract Drilling, Inc. 5,100 19,737 * International Seaways, Inc. 4,349 99,201 #* Kosmos Energy, Ltd. 62,184 410,414 #* Matador Resources Co. 104,293 2,530,148 * Matrix Service Co. 85,305 882,907 * McDermott International, Inc. 955,733 6,470,312 * Mitcham Industries, Inc. 41,816 166,010 # Murphy Oil Corp. 622,293 16,540,548 Nabors Industries, Ltd. 751,335 5,792,793 * Natural Gas Services Group, Inc. 67,821 1,692,134 #* Newpark Resources, Inc. 433,546 3,620,109 # Noble Corp. P.L.C. 926,196 3,704,784 Noble Energy, Inc. 25,771 745,040 * Oasis Petroleum, Inc. 794,540 6,181,521 # Oceaneering International, Inc. 277,690 7,122,748 #* Oil States International, Inc. 180,738 4,491,339 * Overseas Shipholding Group, Inc. Class A 21,520 66,282 * Pacific Ethanol, Inc. 95,073 594,206 Panhandle Oil and Gas, Inc. Class A 4,250 93,500 * Par Pacific Holdings, Inc. 769 13,773 #* Parker Drilling Co. 124,661 149,593 Patterson-UTI Energy, Inc. 437,381 8,458,949 # PBF Energy, Inc. Class A 392,279 8,932,193 * PDC Energy, Inc. 220,367 10,392,508 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) * PHI, Inc. Non-Voting 46,284 $ 448,955 * PHI, Inc. Voting 787 7,437 * Pioneer Energy Services Corp. 320,768 705,690 * QEP Resources, Inc. 260,567 2,233,059 # Range Resources Corp. 233,918 4,938,009 #* Renewable Energy Group, Inc. 195,552 2,444,400 #* REX American Resources Corp. 43,724 4,371,526 * Rice Energy, Inc. 445,580 12,462,873 * RigNet, Inc. 9,458 179,229 #* Ring Energy, Inc. 13,123 171,386 #* Rowan Cos. P.L.C. Class A 143,564 1,675,392 * RSP Permian, Inc. 278,614 9,573,177 #* SandRidge Energy, Inc. 9,214 177,922 # Scorpio Tankers, Inc. 552,916 2,051,318 * SEACOR Holdings, Inc. 69,191 2,358,721 * SEACOR Marine Holdings, Inc. 69,565 1,014,258 SemGroup Corp. Class A 206,441 5,584,229 # Ship Finance International, Ltd. 53,723 730,633 # SM Energy Co. 292,564 5,087,688 #* SRC Energy, Inc. 322,714 2,746,296 #* Superior Energy Services, Inc. 576,182 6,199,718 Targa Resources Corp. 167,165 7,758,128 #* Tesco Corp. 231,264 1,063,814 #* TETRA Technologies, Inc. 53,875 151,389 #* Transocean, Ltd. 1,338,971 11,582,099 #* Unit Corp. 194,478 3,496,714 #* Whiting Petroleum Corp. 953,746 5,007,167 * Willbros Group, Inc. 115,675 235,977 World Fuel Services Corp. 86,168 2,786,673 * WPX Energy, Inc. 638,305 6,880,928 ------------ Total Energy 312,639,985 ------------ Financials -- (23.4%) # 1st Constitution Bancorp 865 14,835 1st Source Corp. 215,054 10,559,151 A-Mark Precious Metals, Inc. 1,556 23,449 Access National Corp. 12,288 326,738 ACNB Corp. 497 14,140 * Alleghany Corp. 1,573 964,784 * Ambac Financial Group, Inc. 65,248 1,333,017 American Equity Investment Life Holding Co. 318,969 8,541,990 American Financial Group, Inc. 294,639 29,876,395 American National Bankshares, Inc. 15,485 584,559 American National Insurance Co. 41,466 4,934,454 American River Bankshares 8,728 121,756 Ameris Bancorp 72,601 3,325,126 AMERISAFE, Inc. 76,521 4,419,088 AmeriServ Financial, Inc. 69,711 275,358 Argo Group International Holdings, Ltd. 189,021 11,331,809 Arrow Financial Corp. 1,727 56,300 Aspen Insurance Holdings, Ltd. 254,728 12,430,726 Associated Banc-Corp 466,648 11,176,220 Assurant, Inc. 319,133 33,595,131 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Assured Guaranty, Ltd. 448,331 $20,179,378 * Asta Funding, Inc. 6,462 47,334 Astoria Financial Corp. 315,078 6,358,274 Atlantic American Corp. 9,523 34,283 * Atlantic Coast Financial Corp. 6,282 49,942 * Atlanticus Holdings Corp. 55,958 138,216 #* Atlas Financial Holdings, Inc. 1,510 23,329 Auburn National Bancorporation, Inc. 513 18,986 Axis Capital Holdings, Ltd. 324,451 20,953,046 # Baldwin & Lyons, Inc. Class A 276 6,431 Baldwin & Lyons, Inc. Class B 58,678 1,373,065 # Banc of California, Inc. 60,270 1,238,548 BancFirst Corp. 6,451 688,644 Bancorp of New Jersey, Inc. 568 9,796 * Bancorp, Inc. (The) 102,969 798,010 BancorpSouth, Inc. 275,023 8,264,441 Bank Mutual Corp. 143,472 1,427,546 Bank of Commerce Holdings 3,841 39,754 Bank of Marin Bancorp 1,602 106,773 BankFinancial Corp. 71,593 1,072,463 Banner Corp. 49,647 2,868,107 Bar Harbor Bankshares 39,609 1,104,695 BCB Bancorp, Inc. 6,576 98,640 Bear State Financial, Inc. 9,438 87,585 Beneficial Bancorp, Inc. 130,586 2,037,142 Berkshire Hills Bancorp, Inc. 131,789 4,895,961 # Blue Capital Reinsurance Holdings, Ltd. 902 17,409 Blue Hills Bancorp, Inc. 4,520 85,654 #* BofI Holding, Inc. 227,512 6,340,759 BOK Financial Corp. 105,640 8,986,795 Boston Private Financial Holdings, Inc. 266,928 4,097,345 Bridge Bancorp, Inc. 4,683 152,197 Brookline Bancorp, Inc. 227,894 3,384,226 # Bryn Mawr Bank Corp. 36,318 1,541,699 * BSB Bancorp, Inc. 435 12,854 C&F Financial Corp. 4,020 200,196 California First National Bancorp 17,918 298,335 Camden National Corp. 37,486 1,574,412 Canadian Imperial Bank of Commerce 12,767 1,108,686 Capital Bank Financial Corp. Class A 45,888 1,743,744 Capital City Bank Group, Inc. 37,417 799,227 Capitol Federal Financial, Inc. 396,051 5,647,687 Cathay General Bancorp 299,120 11,202,044 CenterState Banks, Inc. 84,059 2,100,634 Central Pacific Financial Corp. 45,947 1,421,141 Central Valley Community Bancorp 744 16,353 Century Bancorp, Inc. Class A 3,160 210,772 Charter Financial Corp. 2,814 50,596 Chemical Financial Corp. 94,890 4,572,749 # Citizens & Northern Corp. 1,746 40,298 Citizens Community Bancorp, Inc. 29,400 410,130 Citizens Holding Co. 1,122 27,657 #* Citizens, Inc. 167,031 1,344,600 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) City Holding Co. 14,788 $ 970,536 # Clifton Bancorp, Inc. 22,265 371,603 CNB Financial Corp. 3,982 104,966 CNO Financial Group, Inc. 1,201,584 27,492,242 * Coastway Bancorp, Inc. 668 13,594 CoBiz Financial, Inc. 131,357 2,311,883 Codorus Valley Bancorp, Inc. 5,850 163,566 Colony Bankcorp, Inc. 4,653 65,375 Columbia Banking System, Inc. 151,543 6,037,473 # Community Bank System, Inc. 133,267 7,316,358 Community Trust Bancorp, Inc. 36,430 1,573,776 Community West Bancshares 16,252 168,208 ConnectOne Bancorp, Inc. 47,808 1,075,680 * Consumer Portfolio Services, Inc. 85,246 350,361 #* Cowen, Inc. 59,095 945,520 * CU Bancorp 1,160 42,804 #* Customers Bancorp, Inc. 36,567 1,091,525 # CVB Financial Corp. 52,409 1,128,890 Dime Community Bancshares, Inc. 87,594 1,821,955 Donegal Group, Inc. Class A 69,213 1,043,732 Donegal Group, Inc. Class B 6,421 99,847 * E*TRADE Financial Corp. 290,073 11,892,993 * Eagle Bancorp, Inc. 585 36,533 East West Bancorp, Inc. 850 48,433 EMC Insurance Group, Inc. 206,253 5,713,208 Employers Holdings, Inc. 100,964 4,376,789 #* Encore Capital Group, Inc. 80,657 3,234,346 * Enova International, Inc. 52,102 755,479 * Enstar Group, Ltd. 5,360 1,085,936 Enterprise Bancorp, Inc. 7,891 266,637 Enterprise Financial Services Corp. 42,119 1,665,806 ESSA Bancorp, Inc. 21,306 314,263 Evans Bancorp, Inc. 8,434 343,685 #* Ezcorp, Inc. Class A 53,917 420,553 Fairfax Financial Holdings, Ltd. 13,817 6,580,357 Farmers Capital Bank Corp. 6,260 235,063 # Farmers National Banc Corp. 5,782 79,502 FBL Financial Group, Inc. Class A 126,005 8,555,739 * FCB Financial Holdings, Inc. Class A 26,169 1,233,868 Federal Agricultural Mortgage Corp. Class A 2,471 165,557 Federal Agricultural Mortgage Corp. Class C 43,772 3,001,008 Federated National Holding Co. 55,257 879,691 # Fidelity & Guaranty Life 4,011 124,943 # Fidelity Southern Corp. 40,509 853,120 Financial Institutions, Inc. 25,514 750,112 * First Acceptance Corp. 90,168 81,151 # First American Financial Corp. 291,331 14,103,334 * First BanCorp(318672706) 165,571 970,246 First Bancorp(318910106) 68,195 2,134,503 # First Bancorp, Inc. 18,788 506,149 # First Bancshares, Inc. (The) 271 7,520 First Busey Corp. 52,057 1,522,147 First Business Financial Services, Inc. 5,400 114,804 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) First Citizens BancShares, Inc. Class A 20,291 $ 7,467,494 First Commonwealth Financial Corp. 285,908 3,725,381 First Community Bancshares, Inc. 39,339 1,070,808 First Connecticut Bancorp, Inc. 6,781 173,594 First Defiance Financial Corp. 36,856 1,907,298 First Financial Bancorp 122,267 3,130,035 First Financial Corp. 45,672 2,103,196 First Financial Northwest, Inc. 111,813 1,834,851 * First Foundation, Inc. 1,440 24,970 # First Horizon National Corp. 119,916 2,090,136 First Interstate Bancsystem, Inc. Class A 106,976 3,909,973 First Merchants Corp. 165,434 6,690,151 First Midwest Bancorp, Inc. 271,975 6,040,565 First of Long Island Corp. (The) 600 16,770 First South Bancorp, Inc. 967 16,642 * First United Corp. 4,138 62,484 FirstCash, Inc. 104,660 6,085,979 #* Flagstar Bancorp, Inc. 90,284 2,939,647 Flushing Financial Corp. 119,416 3,406,938 FNB Corp. 740,371 10,143,083 * FNFV Group 30,474 525,676 FS Bancorp, Inc. 270 12,244 Fulton Financial Corp. 634,174 11,573,675 # Gain Capital Holdings, Inc. 36,451 244,586 * Genworth Financial, Inc. Class A 281,302 964,866 # German American Bancorp, Inc. 92,565 3,316,604 # Glacier Bancorp, Inc. 96,656 3,375,227 * Global Indemnity, Ltd. 60,021 2,326,414 Great Southern Bancorp, Inc. 28,642 1,487,952 Great Western Bancorp, Inc. 41,976 1,637,484 #* Green Bancorp, Inc. 1,500 33,675 * Green Dot Corp. Class A 122,316 4,921,996 #* Greenlight Capital Re, Ltd. Class A 89,989 1,925,765 Guaranty Federal Bancshares, Inc. 14,051 302,096 * Hallmark Financial Services, Inc. 69,665 783,731 Hancock Holding Co. 214,163 9,851,498 Hanmi Financial Corp. 78,310 2,243,581 Hanover Insurance Group, Inc. (The) 140,426 13,320,810 Hawthorn Bancshares, Inc. 10,266 208,656 # HCI Group, Inc. 32,155 1,449,869 Heartland Financial USA, Inc. 16,317 768,531 Heritage Commerce Corp. 104,426 1,450,477 Heritage Financial Corp. 39,220 1,066,784 # Heritage Insurance Holdings, Inc. 18,493 233,197 Hilltop Holdings, Inc. 306,847 7,680,380 Hingham Institution for Savings 1,253 221,656 * HMN Financial, Inc. 17,195 309,510 # Home Bancorp, Inc. 5,323 215,688 #* HomeStreet, Inc. 34,975 918,094 * HomeTrust Bancshares, Inc. 14,464 349,306 Hope Bancorp, Inc. 372,971 6,575,479 HopFed Bancorp, Inc. 27,899 406,767 Horace Mann Educators Corp. 251,498 9,280,276 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) # Horizon Bancorp 24,477 $ 645,458 Iberiabank Corp. 124,538 10,068,897 Independent Bank Corp.(453836108) 73,364 5,234,521 Independent Bank Corp.(453838609) 43,229 916,455 Independent Bank Group, Inc. 3,290 198,551 Infinity Property & Casualty Corp. 90,310 9,035,515 # Interactive Brokers Group, Inc. Class A 41,338 1,655,587 International Bancshares Corp. 205,815 7,285,851 * INTL. FCStone, Inc. 39,944 1,563,009 Investment Technology Group, Inc. 98,888 2,182,458 Investors Bancorp, Inc. 809,439 10,749,350 Investors Title Co. 7,764 1,370,501 #* Janus Henderson Group P.L.C. 202,962 6,797,197 # Kearny Financial Corp. 72,558 1,059,347 Kemper Corp. 174,423 6,846,103 Kentucky First Federal Bancorp 496 4,861 Kingstone Cos., Inc. 1,214 20,031 #* Ladenburg Thalmann Financial Services, Inc. 17,957 40,942 # Lake Shore Bancorp, Inc. 1,066 16,843 Lakeland Bancorp, Inc. 136,571 2,642,649 Lakeland Financial Corp. 32,815 1,509,490 Landmark Bancorp, Inc. 2,964 87,883 LCNB Corp. 612 12,271 # LegacyTexas Financial Group, Inc. 56,397 2,183,692 # Legg Mason, Inc. 367,311 14,696,113 Leucadia National Corp. 14,822 385,817 Macatawa Bank Corp. 83,137 802,272 Mackinac Financial Corp. 14,051 204,302 * Magyar Bancorp, Inc. 6,751 86,278 # Maiden Holdings, Ltd. 238,398 2,646,218 MainSource Financial Group, Inc. 118,760 4,149,474 #* Malvern Bancorp, Inc. 743 18,426 Marlin Business Services Corp. 61,664 1,603,264 MB Financial, Inc. 204,478 8,363,150 #* MBIA, Inc. 521,142 5,300,014 MBT Financial Corp. 54,563 523,805 Mercantile Bank Corp. 38,174 1,214,697 # Mercury General Corp. 10,281 615,729 Meridian Bancorp, Inc. 97,650 1,723,522 Meta Financial Group, Inc. 17,309 1,234,132 * MGIC Investment Corp. 394,009 4,598,085 Mid Penn Bancorp, Inc. 262 7,074 MidSouth Bancorp, Inc. 29,233 328,871 # MidWestOne Financial Group, Inc. 16,967 584,004 * MSB Financial Corp. 3,419 59,149 MutualFirst Financial, Inc. 17,676 616,892 National Bank Holdings Corp. Class A 65,744 2,243,843 National General Holdings Corp. 5,105 108,277 National Security Group, Inc. (The) 193 2,633 # National Western Life Group, Inc. Class A 5,667 1,907,456 Navient Corp. 593,869 8,759,568 Navigators Group, Inc. (The) 153,512 8,750,184 NBT Bancorp, Inc. 48,343 1,747,116 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Nelnet, Inc. Class A 109,310 $ 5,366,028 # New York Community Bancorp, Inc. 329,684 4,328,751 NewStar Financial, Inc. 155,832 1,704,802 * Nicholas Financial, Inc. 20,100 176,880 * NMI Holdings, Inc. Class A 45,959 542,316 Northeast Bancorp 2,676 57,534 Northfield Bancorp, Inc. 114,229 1,917,905 Northrim BanCorp, Inc. 24,258 707,121 Northwest Bancshares, Inc. 299,089 4,815,333 # Norwood Financial Corp. 2,565 109,885 # OceanFirst Financial Corp. 46,224 1,251,746 OFG Bancorp 124,853 1,254,773 # Ohio Valley Banc Corp. 1,614 54,634 # Old Line Bancshares, Inc. 2,048 55,460 Old National Bancorp 334,183 5,447,183 Old Republic International Corp. 794,513 15,588,345 Old Second Bancorp, Inc. 44,785 530,702 OneBeacon Insurance Group, Ltd. Class A 71,605 1,311,804 Oppenheimer Holdings, Inc. Class A 13,535 213,176 Opus Bank 8,114 193,113 Oritani Financial Corp. 93,026 1,544,232 Orrstown Financial Services, Inc. 450 11,250 Pacific Continental Corp. 30,278 769,061 * Pacific Mercantile Bancorp 30,749 242,917 * Pacific Premier Bancorp, Inc. 17,590 631,481 PacWest Bancorp 281,878 13,535,782 Park Sterling Corp. 90,477 1,051,343 Parke Bancorp, Inc. 847 17,109 Patriot National Bancorp, Inc. 720 11,736 Peapack Gladstone Financial Corp. 27,286 853,233 Penns Woods Bancorp, Inc. 1,635 70,060 # People's United Financial, Inc. 1,234,646 21,532,226 People's Utah Bancorp 600 16,680 Peoples Bancorp of North Carolina, Inc. 4,643 146,812 Peoples Bancorp, Inc. 39,920 1,301,392 Peoples Financial Services Corp. 341 14,585 * PHH Corp. 184,602 2,543,816 Pinnacle Financial Partners, Inc. 68,052 4,348,523 # Piper Jaffray Cos. 42,749 2,667,538 Popular, Inc. 169,641 7,148,672 #* PRA Group, Inc. 17,400 682,080 Preferred Bank 21,879 1,228,506 Premier Financial Bancorp, Inc. 18,912 359,328 # Primerica, Inc. 35,719 2,895,025 ProAssurance Corp. 100,392 6,204,226 # Prosperity Bancshares, Inc. 202,126 12,956,277 Provident Financial Holdings, Inc. 26,149 496,831 Provident Financial Services, Inc. 227,791 6,041,017 # Prudential Bancorp, Inc. 156 2,679 QCR Holdings, Inc. 5,947 273,265 Radian Group, Inc. 439,207 7,650,986 * Regional Management Corp. 13,716 329,047 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Reinsurance Group of America, Inc. 203,201 $28,488,780 RenaissanceRe Holdings, Ltd. 149,605 21,978,471 Renasant Corp. 137,344 5,822,012 Republic Bancorp, Inc. Class A 16,730 600,607 #* Republic First Bancorp, Inc. 4,394 39,107 Riverview Bancorp, Inc. 19,118 145,106 # RLI Corp. 6,138 356,372 * Royal Bancshares of Pennsylvania, Inc. Class A 5,264 22,583 S&T Bancorp, Inc. 87,232 3,304,348 * Safeguard Scientifics, Inc. 34,352 408,789 Safety Insurance Group, Inc. 70,391 4,994,241 Salisbury Bancorp, Inc. 490 20,727 # Sandy Spring Bancorp, Inc. 95,300 3,815,812 * Santander Consumer USA Holdings, Inc. 213,786 2,738,599 SB Financial Group, Inc. 1,320 23,285 * Seacoast Banking Corp. of Florida 19,987 467,096 * Security National Financial Corp. Class A 10,720 68,072 * Select Bancorp, Inc. 6,103 72,260 Selective Insurance Group, Inc. 222,371 11,263,091 Shore Bancshares, Inc. 5,614 94,820 SI Financial Group, Inc. 19,230 297,103 Sierra Bancorp 8,712 238,709 # Simmons First National Corp. Class A 115,564 6,304,016 * SLM Corp. 98,617 1,092,676 South State Corp. 65,915 5,520,381 * Southern First Bancshares, Inc. 14,863 547,702 Southern Missouri Bancorp, Inc. 2,162 70,070 Southern National Bancorp of Virginia, Inc. 8,505 143,905 # Southside Bancshares, Inc. 54,601 1,896,293 Southwest Bancorp, Inc. 68,246 1,781,221 Southwest Georgia Financial Corp. 731 14,401 State Auto Financial Corp. 156,245 4,029,559 State Bank Financial Corp. 40,627 1,115,211 State National Cos., Inc. 4,106 85,733 # Sterling Bancorp 355,816 8,219,350 Stewart Information Services Corp. 70,392 2,766,406 #* Stifel Financial Corp. 62,186 3,162,158 Stock Yards Bancorp, Inc. 750 26,887 Stonegate Bank 1,992 92,728 Summit Financial Group, Inc. 1,109 24,165 Sun Bancorp, Inc. 39,224 955,104 # Sussex Bancorp 7,441 178,584 Synovus Financial Corp. 292,437 12,715,161 TCF Financial Corp. 492,910 7,768,262 Territorial Bancorp, Inc. 12,906 388,858 #* Texas Capital Bancshares, Inc. 57,599 4,512,882 Timberland Bancorp, Inc. 52,391 1,412,461 Tiptree, Inc. 136,453 934,703 # Tompkins Financial Corp. 14,598 1,149,009 # Towne Bank 143,758 4,499,625 Trico Bancshares 43,565 1,607,548 #* TriState Capital Holdings, Inc. 16,720 384,560 TrustCo Bank Corp. NY 207,336 1,720,889 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Financials -- (Continued) # Trustmark Corp. 218,454 $ 6,981,790 UMB Financial Corp. 25,764 1,794,720 Umpqua Holdings Corp. 747,607 13,860,634 * Unico American Corp. 35,600 331,080 Union Bankshares Corp. 200,632 6,197,522 United Bancshares, Inc. 590 13,216 # United Bankshares, Inc. 213,058 7,350,501 United Community Bancorp 870 16,617 United Community Banks, Inc. 90,500 2,512,280 United Community Financial Corp. 164,340 1,511,928 United Financial Bancorp, Inc. 141,505 2,559,825 United Fire Group, Inc. 108,057 4,875,532 # United Insurance Holdings Corp. 4,351 69,442 # United Security Bancshares 1,687 15,858 Unity Bancorp, Inc. 27,075 500,887 Universal Insurance Holdings, Inc. 49,436 1,179,049 Univest Corp. of Pennsylvania 32,795 1,000,247 Validus Holdings, Ltd. 273,291 14,700,323 # Valley National Bancorp 477,051 5,667,366 * Veritex Holdings, Inc. 913 24,331 * Walker & Dunlop, Inc. 89,820 4,513,455 Washington Federal, Inc. 326,323 10,915,504 Washington Trust Bancorp, Inc. 17,053 928,536 WashingtonFirst Bankshares, Inc. 516 17,668 Waterstone Financial, Inc. 38,741 730,268 Wayne Savings Bancshares, Inc. 1,300 22,620 Webster Financial Corp. 209,439 10,876,167 WesBanco, Inc. 204,893 7,833,059 West Bancorporation, Inc. 90,568 2,083,064 * Western Alliance Bancorp 105,614 5,320,833 Western New England Bancorp, Inc. 115,685 1,151,066 White Mountains Insurance Group, Ltd. 715 618,189 Wintrust Financial Corp. 182,739 13,762,074 WR Berkley Corp. 223,655 15,425,485 WSFS Financial Corp. 30,861 1,393,374 WVS Financial Corp. 1,304 20,936 # Zions Bancorporation 770,717 34,928,894 -------------- Total Financials 1,174,977,399 -------------- Health Care -- (5.4%) #* Acadia Healthcare Co., Inc. 177,870 9,414,659 # Aceto Corp. 162,117 2,736,535 #* Achillion Pharmaceuticals, Inc. 168,337 690,182 #* Acorda Therapeutics, Inc. 256,512 5,553,485 * Addus HomeCare Corp. 68,990 2,342,210 * Adverum Biotechnologies, Inc. 15,156 38,648 * Aeglea BioTherapeutics, Inc. 3,852 13,135 #* Albany Molecular Research, Inc. 137,879 2,997,489 * Alere, Inc. 177,374 8,937,876 #* Allscripts Healthcare Solutions, Inc. 167,302 2,059,488 #* Almost Family, Inc. 54,366 2,688,399 * Alpine Immune Sciences, Inc. 2,695 23,691 #* AMAG Pharmaceuticals, Inc. 76,948 1,512,028 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) #* Amedisys, Inc. 72,097 $3,414,514 * American Shared Hospital Services 8,624 32,340 #* AMN Healthcare Services, Inc. 35,119 1,295,891 #* Amphastar Pharmaceuticals, Inc. 101,325 1,750,896 Analogic Corp. 40,132 2,817,266 * AngioDynamics, Inc. 105,807 1,719,364 #* ANI Pharmaceuticals, Inc. 2,600 126,698 * Anika Therapeutics, Inc. 68,061 3,482,001 #* Aptevo Therapeutics, Inc. 33,346 61,357 * Ardelyx, Inc. 10,917 56,768 * Bio-Rad Laboratories, Inc. Class A 5,100 1,201,713 #* BioTelemetry, Inc. 66,306 2,267,665 #* Brookdale Senior Living, Inc. 526,860 7,481,412 * Cambrex Corp. 93,143 5,681,723 Cantel Medical Corp. 41,075 3,047,765 #* Capital Senior Living Corp. 80,886 1,116,227 * Cascadian Therapeutics, Inc. 5,087 20,806 * Catalyst Biosciences, Inc. 12,110 50,014 * Celldex Therapeutics, Inc. 6,680 15,297 * Cempra, Inc. 69,807 279,228 * Centene Corp. 21,670 1,721,031 #* Cesca Therapeutics, Inc. 5,968 22,201 #* Chimerix, Inc. 123,954 616,051 #* Community Health Systems, Inc. 125,113 894,558 CONMED Corp. 170,194 8,734,356 * Cross Country Healthcare, Inc. 64,657 760,366 * CryoLife, Inc. 96,511 1,809,581 #* Cumberland Pharmaceuticals, Inc. 70,966 476,892 * Cutera, Inc. 62,289 1,622,628 #* Depomed, Inc. 123,187 1,270,058 Digirad Corp. 50,370 206,517 #* Eiger BioPharmaceuticals, Inc. 2,029 17,652 * Electromed, Inc. 16,671 102,693 #* Emergent BioSolutions, Inc. 51,907 1,887,858 #* Enanta Pharmaceuticals, Inc. 16,058 611,970 * Endo International P.L.C. 687,929 7,580,978 # Ensign Group, Inc. (The) 17,389 388,992 #* Envision Healthcare Corp. 133,289 7,521,498 * Enzo Biochem, Inc. 83,686 907,993 #* Esperion Therapeutics, Inc. 1,100 49,819 * Exactech, Inc. 13,996 407,983 * FONAR Corp. 1,014 26,060 #* Haemonetics Corp. 49,708 2,044,490 #* Halyard Health, Inc. 176,771 7,109,730 * Harvard Bioscience, Inc. 130,150 364,420 * HealthStream, Inc. 11,070 261,473 * HMS Holdings Corp. 111,687 2,242,675 * Horizon Pharma P.L.C. 600,432 7,193,175 * ICU Medical, Inc. 7,144 1,228,054 * Immune Design Corp. 2,900 35,670 * Impax Laboratories, Inc. 84,438 1,633,875 * Integer Holdings Corp. 126,414 5,789,761 #* Integra LifeSciences Holdings Corp. 42,380 2,104,591 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Intra-Cellular Therapies, Inc. 60,491 $ 699,881 # Invacare Corp. 120,257 1,882,022 * IRIDEX Corp. 10,837 101,868 #* K2M Group Holdings, Inc. 7,023 170,870 * Karyopharm Therapeutics, Inc. 2,524 21,303 Kewaunee Scientific Corp. 9,996 252,899 * Kindred Biosciences, Inc. 136,401 995,727 # Kindred Healthcare, Inc. 469,885 4,205,471 #* Lannett Co., Inc. 82,573 1,680,361 LeMaitre Vascular, Inc. 50,529 1,822,581 #* LHC Group, Inc. 42,078 2,436,316 #* LifePoint Health, Inc. 217,249 12,904,591 * LivaNova P.L.C. 3,869 235,777 # Luminex Corp. 14,892 304,244 * Magellan Health, Inc. 76,461 5,700,168 #* Mallinckrodt P.L.C. 225,154 10,312,053 #* MediciNova, Inc. 9,614 50,089 * Merit Medical Systems, Inc. 87,501 3,587,541 * Micron Solutions, Inc. 1,132 4,483 * Misonix, Inc. 28,468 241,978 #* Molina Healthcare, Inc. 291,138 19,448,018 #* Myriad Genetics, Inc. 37,420 908,183 National HealthCare Corp. 10,316 672,294 #* Natus Medical, Inc. 114,130 4,017,376 * Neurotrope, Inc. 1,920 8,909 * Nuvectra Corp. 51,438 599,767 #* Omnicell, Inc. 104,572 5,186,771 #* OraSure Technologies, Inc. 80,222 1,407,094 * Orthofix International NV 32,360 1,403,777 * Otonomy, Inc. 2,510 47,188 # Owens & Minor, Inc. 172,145 5,548,233 #* Pain Therapeutics, Inc. 5,806 19,798 # PDL BioPharma, Inc. 125,745 285,441 * Pfenex, Inc. 6,182 26,892 * PharMerica Corp. 150,112 3,775,317 #* Prestige Brands Holdings, Inc. 176,096 9,444,028 * Providence Service Corp. (The) 46,719 2,407,897 #* PTC Therapeutics, Inc. 48,200 993,884 * Quorum Health Corp. 33,100 112,871 #* Repligen Corp. 15,741 633,890 #* RTI Surgical, Inc. 145,737 830,701 * SciClone Pharmaceuticals, Inc. 204,305 2,237,140 * SeaSpine Holdings Corp. 16,734 188,760 * Select Medical Holdings Corp. 266,733 4,321,075 #* Sonoma Pharmaceuticals, Inc. 1,800 12,096 * Spectrum Pharmaceuticals, Inc. 46,180 344,503 #* Stemline Therapeutics, Inc. 7,479 68,807 #* Sucampo Pharmaceuticals, Inc. Class A 36,738 398,607 * Surmodics, Inc. 14,010 368,463 Teleflex, Inc. 20,452 4,238,063 * Tetraphase Pharmaceuticals, Inc. 24,450 159,903 #* Tivity Health, Inc. 86,946 3,447,409 #* Triple-S Management Corp. Class B 83,302 1,289,515 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) Utah Medical Products, Inc. 1,047 $ 72,348 * VCA, Inc. 49,728 4,603,818 #* Verastem, Inc. 8,300 30,129 * WellCare Health Plans, Inc. 11,235 1,988,483 * Zafgen, Inc. 31,114 105,165 #* Zogenix, Inc. 19,378 232,536 ------------ Total Health Care 272,067,791 ------------ Industrials -- (18.6%) AAR Corp. 153,489 5,740,489 ABM Industries, Inc. 131,249 5,856,330 #* Acacia Research Corp. 80,274 276,945 * ACCO Brands Corp. 258,640 3,013,156 Acme United Corp. 4,231 117,072 # Actuant Corp. Class A 61,272 1,482,782 * AECOM 585,675 18,683,032 * Aegion Corp. 121,114 2,899,469 * AeroCentury Corp. 6,545 83,776 #* Aerovironment, Inc. 92,638 3,500,790 AGCO Corp. 272,879 19,685,491 # Air Lease Corp. 327,398 12,958,413 * Air Transport Services Group, Inc. 209,137 5,094,577 Alamo Group, Inc. 66,141 6,151,774 Alaska Air Group, Inc. 55,236 4,707,764 Albany International Corp. Class A 72,670 3,887,845 Allied Motion Technologies, Inc. 10,614 314,068 Altra Industrial Motion Corp. 116,843 5,205,356 AMERCO 64,113 24,911,747 * Ameresco, Inc. Class A 17,952 117,586 # American Railcar Industries, Inc. 107,451 3,950,973 * American Superconductor Corp. 8,997 28,700 * American Woodmark Corp. 10,640 1,044,316 * AMREP Corp. 8,943 61,528 # Apogee Enterprises, Inc. 107,723 5,611,291 Applied Industrial Technologies, Inc. 101,974 5,761,531 * ARC Document Solutions, Inc. 129,270 447,274 ArcBest Corp. 84,067 2,337,063 # Arconic, Inc. 84,194 2,087,169 Argan, Inc. 36,827 2,373,500 * Armstrong Flooring, Inc. 35,409 614,700 #* Arotech Corp. 9,616 34,618 Astec Industries, Inc. 56,010 2,815,623 #* Atlas Air Worldwide Holdings, Inc. 73,153 4,345,288 #* Avalon Holdings Corp. Class A 3,118 7,078 AZZ, Inc. 12,191 618,084 #* Babcock & Wilcox Enterprises, Inc. 203,691 2,138,755 Barnes Group, Inc. 135,925 8,179,966 Barrett Business Services, Inc. 9,363 515,246 * Beacon Roofing Supply, Inc. 66,669 3,062,107 * BMC Stock Holdings, Inc. 10,325 227,150 Brady Corp. Class A 78,318 2,600,158 Briggs & Stratton Corp. 151,729 3,553,493 Brink's Co. (The) 1,619 126,525 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Broadwind Energy, Inc. 3,656 $ 16,160 * CAI International, Inc. 53,715 1,408,944 * CBIZ, Inc. 175,900 2,612,115 * CDI Corp. 37,793 311,792 CECO Environmental Corp. 37,069 358,087 # Celadon Group, Inc. 127,904 581,963 * Chart Industries, Inc. 145,400 4,943,600 # Chicago Bridge & Iron Co. NV 46,000 862,040 Chicago Rivet & Machine Co. 1,983 72,855 # CIRCOR International, Inc. 59,669 2,987,030 * Civeo Corp. 10,447 20,163 #* Clean Harbors, Inc. 122,302 6,946,754 * Colfax Corp. 312,489 12,899,546 Columbus McKinnon Corp. 68,374 1,764,049 Comfort Systems USA, Inc. 53,059 1,766,865 * Commercial Vehicle Group, Inc. 69,468 609,929 CompX International, Inc. 5,744 83,288 * Continental Building Products, Inc. 14,078 309,716 * Continental Materials Corp. 1,419 31,644 Copa Holdings SA Class A 6,502 815,741 # Covanta Holding Corp. 116,162 1,754,046 * Covenant Transportation Group, Inc. Class A 76,284 1,430,325 * CPI Aerostructures, Inc. 26,771 254,324 CRA International, Inc. 29,637 1,150,212 Crane Co. 6,758 510,229 * CSW Industrials, Inc. 19,003 742,067 Cubic Corp. 32,588 1,552,818 Curtiss-Wright Corp. 116,759 11,257,903 * DigitalGlobe, Inc. 200,489 6,997,066 DMC Global, Inc. 15,442 214,644 Douglas Dynamics, Inc. 72,976 2,320,637 * Ducommun, Inc. 37,500 1,086,000 * DXP Enterprises, Inc. 31,278 894,238 #* Dycom Industries, Inc. 28,554 2,586,992 #* Eagle Bulk Shipping, Inc. 4,330 18,749 Eastern Co. (The) 34,260 996,966 #* Echo Global Logistics, Inc. 74,964 1,023,259 Ecology and Environment, Inc. Class A 7,348 91,850 EMCOR Group, Inc. 20,058 1,353,915 Encore Wire Corp. 119,350 5,323,010 EnerSys 85,269 6,162,391 * Engility Holdings, Inc. 50,346 1,468,593 Ennis, Inc. 94,663 1,822,263 EnPro Industries, Inc. 71,278 5,489,832 ESCO Technologies, Inc. 72,124 4,450,051 Espey Manufacturing & Electronics Corp. 13,355 300,087 # Essendant, Inc. 122,678 1,531,021 * Esterline Technologies Corp. 115,400 11,136,100 Federal Signal Corp. 321,300 5,944,050 Fluor Corp. 89,999 3,908,657 Forward Air Corp. 16,501 855,247 * Franklin Covey Co. 93,603 1,745,696 Franklin Electric Co., Inc. 25,305 1,022,322 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) FreightCar America, Inc. 42,347 $ 696,185 * FTI Consulting, Inc. 144,771 4,749,937 # GATX Corp. 210,036 12,986,526 * Gencor Industries, Inc. 49,054 787,317 # General Cable Corp. 118,397 2,285,062 #* Genesee & Wyoming, Inc. Class A 209,015 13,619,417 #* Gibraltar Industries, Inc. 148,815 4,442,128 * Goldfield Corp. (The) 55,897 285,075 Gorman-Rupp Co. (The) 142,465 4,305,292 * GP Strategies Corp. 88,223 2,527,589 Graham Corp. 18,406 368,304 # Granite Construction, Inc. 151,342 7,418,785 * Great Lakes Dredge & Dock Corp. 186,302 735,893 Greenbrier Cos., Inc. (The) 116,098 5,224,410 # Griffon Corp. 273,394 5,604,577 # H&E Equipment Services, Inc. 101,604 2,293,202 Hardinge, Inc. 43,420 525,382 #* Hawaiian Holdings, Inc. 120,875 5,004,225 #* HC2 Holdings, Inc. 12,400 74,524 Heidrick & Struggles International, Inc. 45,192 817,975 * Heritage-Crystal Clean, Inc. 5,920 111,296 #* Hertz Global Holdings, Inc. 219,530 3,000,975 #* Hill International, Inc. 71,031 358,707 Houston Wire & Cable Co. 81,910 470,982 * Hub Group, Inc. Class A 110,401 3,759,154 Hudson Global, Inc. 10,157 13,610 #* Hudson Technologies, Inc. 37,176 300,754 Hurco Cos., Inc. 31,863 1,049,886 * Huron Consulting Group, Inc. 61,308 2,176,434 #* Huttig Building Products, Inc. 16,299 116,212 Hyster-Yale Materials Handling, Inc. 48,502 3,436,852 * ICF International, Inc. 59,420 2,688,755 #* IES Holdings, Inc. 1,429 24,293 #* InnerWorkings, Inc. 355,918 4,196,273 * Innovative Solutions & Support, Inc. 5,621 22,540 Insteel Industries, Inc. 72,966 1,920,465 * Intersections, Inc. 33,665 147,789 ITT, Inc. 69,913 2,866,433 Jacobs Engineering Group, Inc. 471,823 24,874,509 * JetBlue Airways Corp. 1,410,800 30,938,844 Kadant, Inc. 64,437 5,029,308 # Kaman Corp. 71,224 3,640,971 KAR Auction Services, Inc. 4,496 189,012 # KBR, Inc. 95,856 1,430,172 Kelly Services, Inc. Class A 94,419 2,102,711 Kennametal, Inc. 68,587 2,530,860 * Key Technology, Inc. 13,376 191,277 * KEYW Holding Corp. (The) 41,190 363,708 Kforce, Inc. 1,297 24,254 Kimball International, Inc. Class B 137,692 2,295,326 #* Kirby Corp. 189,466 11,538,479 #* KLX, Inc. 187,878 9,754,626 # Knight Transportation, Inc. 198,312 7,069,823 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Korn/Ferry International 202,075 $ 6,759,409 #* Kratos Defense & Security Solutions, Inc. 107,983 1,188,353 * Lawson Products, Inc. 24,516 565,094 * Layne Christensen Co. 25,169 266,540 LB Foster Co. Class A 27,141 477,682 LS Starrett Co. (The) Class A 15,027 120,216 LSI Industries, Inc. 111,727 935,155 * Lydall, Inc. 102,737 5,085,481 Macquarie Infrastructure Corp. 44,402 3,366,116 #* Manitex International, Inc. 1,256 8,880 #* Manitowoc Co., Inc. (The) 721,878 4,121,923 ManpowerGroup, Inc. 116,911 12,527,014 Marten Transport, Ltd. 380,503 6,069,023 * MasTec, Inc. 222,715 10,289,433 * Mastech Digital, Inc. 508 4,796 Matson, Inc. 178,811 5,042,470 Matthews International Corp. Class A 90,445 5,928,670 McGrath RentCorp 70,821 2,516,270 * Mercury Systems, Inc. 112,774 4,951,906 Miller Industries, Inc. 59,589 1,555,273 #* Mistras Group, Inc. 42,804 862,501 Mobile Mini, Inc. 198,332 6,108,626 * Moog, Inc. Class A 59,123 4,394,021 * Moog, Inc. Class B 3,308 249,159 * MRC Global, Inc. 385,714 6,302,567 Mueller Industries, Inc. 157,518 4,961,817 Mueller Water Products, Inc. Class A 291,378 3,379,985 # Multi-Color Corp. 36,176 2,912,168 * MYR Group, Inc. 70,256 2,234,843 National Presto Industries, Inc. 6,068 686,291 * Navigant Consulting, Inc. 149,224 2,526,362 * NL Industries, Inc. 4,358 33,992 NN, Inc. 139,284 3,858,167 * Northwest Pipe Co. 47,735 721,276 #* NOW, Inc. 504,242 8,032,575 #* NV5 Global, Inc. 26,948 1,119,689 * On Assignment, Inc. 187,664 9,242,452 Orbital ATK, Inc. 49,111 5,018,162 * Orion Group Holdings, Inc. 76,315 535,731 Oshkosh Corp. 188,184 12,958,350 Owens Corning 367,806 24,661,392 * PAM Transportation Services, Inc. 24,467 428,907 Park-Ohio Holdings Corp. 24,158 960,280 * Patriot Transportation Holding, Inc. 8,714 174,324 * Pendrell Corp. 1,622 11,322 * Perma-Pipe International Holdings, Inc. 43,520 343,808 #* Pioneer Power Solutions, Inc. 1,400 8,960 Powell Industries, Inc. 27,148 864,664 Preformed Line Products Co. 17,821 868,239 Primoris Services Corp. 69,506 1,732,090 Quad/Graphics, Inc. 77,501 1,740,672 Quanex Building Products Corp. 99,178 2,132,327 * Quanta Services, Inc. 516,102 17,408,120 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Radiant Logistics, Inc. 111,666 $ 483,514 # Raven Industries, Inc. 54,215 1,864,996 * RBC Bearings, Inc. 1,128 116,568 * RCM Technologies, Inc. 78,752 418,961 Regal Beloit Corp. 140,077 11,675,418 Resources Connection, Inc. 104,837 1,399,574 #* Revolution Lighting Technologies, Inc. 2,000 14,780 * Roadrunner Transportation Systems, Inc. 41,501 289,677 * RPX Corp. 166,846 2,280,785 # RR Donnelley & Sons Co. 1,408 17,403 * Rush Enterprises, Inc. Class A 197,465 8,516,665 * Rush Enterprises, Inc. Class B 51,902 2,111,373 Ryder System, Inc. 233,530 16,991,643 * Saia, Inc. 134,141 7,290,563 Servotronics, Inc. 6,561 62,257 * SIFCO Industries, Inc. 14,049 94,128 Simpson Manufacturing Co., Inc. 108,436 4,802,630 SkyWest, Inc. 240,109 8,763,978 * SP Plus Corp. 61,455 2,009,578 * Sparton Corp. 56,079 1,293,182 Spartan Motors, Inc 123,989 1,097,303 * Spirit Airlines, Inc. 47,731 1,854,349 * SPX Corp. 66,528 1,830,851 * SPX FLOW, Inc. 63,724 2,259,653 Standex International Corp. 54,396 5,219,296 Steelcase, Inc. Class A 206,657 2,820,868 * Sterling Construction Co., Inc. 101,660 1,299,215 # Supreme Industries, Inc. Class A 49,838 749,564 #* Swift Transportation Co. 104,180 2,656,590 * Taylor Devices, Inc. 806 10,623 #* Team, Inc. 56,171 806,054 * Teledyne Technologies, Inc. 11,391 1,553,049 # Terex Corp. 293,538 11,556,591 Tetra Tech, Inc. 146,694 6,960,630 * Thermon Group Holdings, Inc. 127,485 2,278,157 Titan International, Inc. 274,569 3,500,755 * Titan Machinery, Inc. 57,361 1,023,894 * TriMas Corp. 139,851 3,405,372 Trinity Industries, Inc. 637,050 17,461,540 Triton International, Ltd. 141,636 5,107,394 # Triumph Group, Inc. 180,692 4,625,715 * TrueBlue, Inc. 97,479 2,490,588 #* Tutor Perini Corp. 142,444 3,789,010 * Twin Disc, Inc. 43,496 735,952 #* Ultralife Corp. 43,097 297,369 UniFirst Corp. 54,384 7,736,124 * United Rentals, Inc. 50,495 6,006,885 Universal Forest Products, Inc. 87,386 7,327,316 Universal Logistics Holdings, Inc. 11,902 173,174 # US Ecology, Inc. 2,197 114,024 * USA Truck, Inc. 30,511 282,532 Valmont Industries, Inc. 8,234 1,257,332 * Vectrus, Inc. 30,464 1,036,081 * Veritiv Corp. 16,075 597,186 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) Viad Corp. 103,803 $ 5,558,651 * Virco Manufacturing Corp. 23,168 126,266 VSE Corp. 15,861 822,393 # Wabash National Corp. 188,853 3,603,315 Watts Water Technologies, Inc. Class A 112,276 7,230,574 #* Welbilt, Inc. 91,030 1,774,175 # Werner Enterprises, Inc. 195,831 5,806,389 #* Wesco Aircraft Holdings, Inc. 69,058 749,279 * WESCO International, Inc. 144,425 7,401,781 * Willdan Group, Inc. 16,551 556,279 * Willis Lease Finance Corp. 36,581 924,768 #* XPO Logistics, Inc. 169,853 10,209,864 ------------ Total Industrials 931,851,520 ------------ Information Technology -- (11.5%) * Actua Corp. 274,276 3,702,726 * Acxiom Corp. 188,722 5,089,832 ADTRAN, Inc. 148,501 3,482,348 * Advanced Energy Industries, Inc. 43,384 3,147,509 * Agilysys, Inc. 82,576 830,715 * ALJ Regional Holdings, Inc. 3,211 9,858 * Alpha & Omega Semiconductor, Ltd. 76,154 1,347,926 American Software, Inc. Class A 19,941 193,428 * Amkor Technology, Inc. 666,071 6,907,156 * Amtech Systems, Inc. 36,709 324,140 * Anixter International, Inc. 10,941 861,604 #* Applied Optoelectronics, Inc. 16,467 1,605,368 #* ARRIS International P.L.C. 306,586 8,572,145 * Arrow Electronics, Inc. 414,304 33,678,772 AstroNova, Inc. 24,190 333,822 Avnet, Inc. 440,800 16,917,904 AVX Corp. 185,170 3,308,988 * Aware, Inc. 46,523 214,006 * Axcelis Technologies, Inc. 116,642 2,589,452 * AXT, Inc. 147,581 1,291,334 * Bankrate, Inc. 135,746 1,886,869 Bel Fuse, Inc. Class A 9,604 208,407 Bel Fuse, Inc. Class B 20,478 517,070 # Belden, Inc. 6,643 477,897 * Benchmark Electronics, Inc. 204,163 6,870,085 Black Box Corp. 61,901 489,018 * Blackhawk Network Holdings, Inc. 10,796 471,245 * Blucora, Inc. 156,597 3,507,773 #* BroadVision, Inc. 17,092 70,932 Brocade Communications Systems, Inc. 820,030 10,356,979 Brooks Automation, Inc. 176,037 4,323,469 * BSQUARE Corp. 49,157 280,195 Cabot Microelectronics Corp. 4,043 299,788 * CACI International, Inc. Class A 127,408 15,938,741 * Calix, Inc. 49,917 341,931 #* Cars.com, Inc. 137,333 3,337,192 #* Cavium, Inc. 21,143 1,309,597 * Ceva, Inc. 810 37,463 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Cirrus Logic, Inc. 146,771 $ 9,017,610 * Clearfield, Inc. 6,840 78,660 # ClearOne, Inc. 500 4,900 * Coherent, Inc. 36,123 9,572,595 Cohu, Inc. 83,131 1,514,647 * CommerceHub, Inc. Series A 5,773 105,300 * CommerceHub, Inc. Series C 12,579 226,170 Communications Systems, Inc. 24,786 106,580 Computer Task Group, Inc. 23,732 131,001 Comtech Telecommunications Corp. 73,079 1,315,422 Concurrent Computer Corp. 33,012 222,501 #* Control4 Corp. 40,177 918,044 # Convergys Corp. 496,845 11,909,375 * CoreLogic, Inc. 108,539 4,943,951 * Cray, Inc. 66,170 1,363,102 #* Cree, Inc. 474,654 12,298,285 CSG Systems International, Inc. 18,064 746,946 # CSP, Inc. 4,766 48,899 CTS Corp. 83,220 1,830,840 * CyberOptics Corp. 53,209 877,948 # Cypress Semiconductor Corp. 221,354 3,143,227 # Daktronics, Inc. 152,528 1,491,724 * DHI Group, Inc. 263,481 579,658 * Digi International, Inc. 95,074 993,523 * Diodes, Inc. 160,879 4,268,120 * DSP Group, Inc. 104,784 1,320,278 * EchoStar Corp. Class A 164,235 9,973,992 * Edgewater Technology, Inc. 73,779 523,093 * Electro Scientific Industries, Inc. 39,117 338,362 #* Electronics for Imaging, Inc. 174,353 8,470,069 Emcore Corp. 50,469 585,440 * EnerNOC, Inc. 67,139 513,613 * Entegris, Inc. 322,787 8,424,741 * ePlus, Inc. 76,716 6,206,324 * Everi Holdings, Inc. 15,873 118,413 * Evolving Systems, Inc. 1,978 9,692 * ExlService Holdings, Inc. 4,788 275,549 * Extreme Networks, Inc. 90,664 796,937 #* Fabrinet 96,657 4,350,532 * FARO Technologies, Inc. 48,606 1,919,937 * Finisar Corp. 272,292 7,411,788 #* First Solar, Inc. 9,697 478,159 #* Fitbit, Inc. Class A 76,471 394,590 * Flex, Ltd. 270,273 4,321,665 * FormFactor, Inc. 233,227 3,055,274 * Frequency Electronics, Inc. 28,958 249,039 GlobalSCAPE, Inc. 2,707 13,806 * GSE Systems, Inc. 23,168 64,870 #* GSI Technology, Inc. 63,460 460,720 Hackett Group, Inc. (The) 101,110 1,660,226 #* Harmonic, Inc. 335,987 1,377,547 * ID Systems, Inc. 23,847 162,875 #* II-VI, Inc. 77,315 2,945,701 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* Immersion Corp. 7,940 $ 67,808 * Insight Enterprises, Inc. 137,520 5,572,310 #* Integrated Device Technology, Inc. 28,336 740,703 #* Internap Corp. 88,328 335,646 * inTEST Corp. 12,122 105,461 * Intevac, Inc. 84,922 963,865 * IntriCon Corp. 13,375 100,313 * Iteris, Inc. 600 3,774 #* Itron, Inc. 32,663 2,384,399 IXYS Corp. 109,526 1,905,752 Jabil, Inc. 608,732 18,566,326 * Kemet Corp. 43,270 729,099 * Key Tronic Corp. 54,827 398,592 * Kimball Electronics, Inc. 103,269 2,008,582 #* Knowles Corp. 198,731 3,010,775 * Kulicke & Soffa Industries, Inc. 173,914 3,746,108 * KVH Industries, Inc. 85,160 928,244 #* Lantronix, Inc. 11,150 24,865 #* Lattice Semiconductor Corp. 311,711 2,169,509 * Leaf Group, Ltd. 108,124 816,336 Leidos Holdings, Inc. 5,850 312,624 * LGL Group, Inc. (The) 8,553 39,087 * Lightpath Technologies, Inc. Class A 23,789 61,376 * Limelight Networks, Inc. 41,289 141,208 * Liquidity Services, Inc. 79,195 538,526 ManTech International Corp. Class A 89,735 3,564,274 * Marchex, Inc. Class B 100,538 291,560 Marvell Technology Group, Ltd. 938,136 14,597,396 #* MaxLinear, Inc. 4,091 107,184 #* Meet Group, Inc.(The) 292,207 1,466,879 Methode Electronics, Inc. 159,696 6,347,916 * Microsemi Corp. 136,043 7,085,119 MKS Instruments, Inc. 172,747 14,450,287 * ModusLink Global Solutions, Inc. 73,575 123,606 Monotype Imaging Holdings, Inc. 8,425 158,811 * Nanometrics, Inc. 71,653 1,909,552 #* Napco Security Technologies, Inc. 41,796 382,433 * NCI, Inc. Class A 2,600 51,870 #* NeoPhotonics Corp. 254,284 2,052,072 * NETGEAR, Inc. 98,253 4,706,319 #* Netscout Systems, Inc. 92,160 3,179,520 # Network-1 Technologies, Inc. 30,947 133,072 * Novanta, Inc. 39,009 1,439,432 NVE Corp. 502 39,598 #* ON Semiconductor Corp. 587,838 8,788,178 * Optical Cable Corp. 40,042 90,095 #* OSI Systems, Inc. 55,815 4,463,526 * PAR Technology Corp. 60,369 540,906 # Park Electrochemical Corp. 46,244 868,925 PC Connection, Inc. 219,186 5,654,999 PC-Tel, Inc. 61,056 434,108 * PCM, Inc. 111,274 1,377,016 #* PDF Solutions, Inc. 24,291 389,871 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Perceptron, Inc. 57,944 $ 420,673 * Perficient, Inc. 115,227 2,166,268 * PFSweb, Inc. 2,300 17,986 * Photronics, Inc. 225,311 2,264,376 * Plexus Corp. 70,407 3,774,519 * PRGX Global, Inc. 23,005 143,781 Progress Software Corp. 48,687 1,558,471 QAD, Inc. Class B 465 12,062 #* Qorvo, Inc. 60,887 4,174,413 * QuinStreet, Inc. 6,320 24,585 * Qumu Corp. 10,656 27,599 #* Radisys Corp. 53,984 131,721 * Rambus, Inc. 122,018 1,572,812 * RealNetworks, Inc. 115,053 500,481 Reis, Inc. 48,098 1,029,297 # RF Industries, Ltd. 14,951 27,659 Richardson Electronics, Ltd. 31,512 184,660 * Rogers Corp. 37,796 4,458,794 * Rubicon Project, Inc. (The) 79,197 372,226 * Rudolph Technologies, Inc. 152,807 3,781,973 * Sanmina Corp. 275,108 9,862,622 * ScanSource, Inc. 75,804 3,001,838 * Seachange International, Inc. 117,262 333,024 * Semtech Corp. 27,029 1,070,348 * ShoreTel, Inc. 203,384 1,515,211 * Sigma Designs, Inc. 147,089 956,078 #* Silicon Laboratories, Inc. 9,636 723,664 #* SolarEdge Technologies, Inc. 23,675 543,341 * Sonus Networks, Inc. 79,097 540,233 * StarTek, Inc. 38,041 467,904 * Stratasys, Ltd. 75,745 1,817,123 #* SunPower Corp. 122,128 1,360,506 #* Super Micro Computer, Inc. 197,191 5,294,578 * Sykes Enterprises, Inc. 131,123 4,458,182 #* Synchronoss Technologies, Inc. 27,501 464,217 SYNNEX Corp. 181,005 21,525,115 Systemax, Inc. 245,635 4,450,906 #* Take-Two Interactive Software, Inc. 1,164 92,515 #* Tech Data Corp. 163,716 16,764,518 * TechTarget, Inc. 34,669 332,476 * Telenav, Inc. 2,107 15,803 Teradyne, Inc. 46,699 1,615,318 Tessco Technologies, Inc. 37,440 499,824 TiVo Corp. 146,767 2,876,633 * Tremor Video, Inc. 9,226 19,282 #* TTM Technologies, Inc. 347,421 6,038,177 * Ultra Clean Holdings, Inc. 149,186 3,498,412 #* VASCO Data Security International, Inc. 54,314 733,239 * Veeco Instruments, Inc. 113,979 3,510,553 * Verint Systems, Inc. 12,134 481,113 #* ViaSat, Inc. 2,228 147,249 #* Viavi Solutions, Inc. 264,089 2,897,056 #* Virtusa Corp. 178,924 5,931,331 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) # Vishay Intertechnology, Inc. 416,054 $ 7,426,564 * Vishay Precision Group, Inc. 40,885 715,488 Wayside Technology Group, Inc. 3,889 66,891 * Web.com Group, Inc. 4,664 102,375 * Westell Technologies, Inc. Class A 3,700 12,913 * Xcerra Corp. 117,556 1,141,469 Xerox Corp. 255,173 7,826,156 * XO Group, Inc. 60,780 1,111,058 Xperi Corp. 138,192 4,042,116 YuMe, Inc. 18,916 82,095 * Zedge, Inc. Class B 8,025 16,612 #* Zynga, Inc. Class A 3,347,465 12,084,349 ------------ Total Information Technology 574,742,587 ------------ Materials -- (5.6%) A Schulman, Inc. 124,184 3,266,039 * AgroFresh Solutions, Inc. 5,246 40,919 # Albemarle Corp. 54,386 6,297,899 Alcoa Corp. 28,064 1,021,530 # Allegheny Technologies, Inc. 102,514 1,941,615 American Vanguard Corp. 100,776 1,783,735 Ampco-Pittsburgh Corp. 29,965 432,994 # AptarGroup, Inc. 1,912 154,738 Ashland Global Holdings, Inc. 67,900 4,411,463 Bemis Co., Inc. 90,044 3,815,164 #* Boise Cascade Co. 45,513 1,381,320 Cabot Corp. 68,149 3,702,535 # Calgon Carbon Corp. 102,593 1,641,488 # Carpenter Technology Corp. 161,914 6,546,183 #* Century Aluminum Co. 235,731 3,955,566 Chase Corp. 18,375 1,985,419 * Clearwater Paper Corp. 47,224 2,321,060 #* Coeur Mining, Inc. 28,642 237,156 # Commercial Metals Co. 399,069 7,422,683 * Core Molding Technologies, Inc. 23,022 439,030 Domtar Corp. 272,498 10,643,772 * Ferro Corp. 83,666 1,609,734 Ferroglobe P.L.C. 83,587 1,068,242 Friedman Industries, Inc. 24,340 131,923 FutureFuel Corp. 68,537 997,899 Graphic Packaging Holding Co. 462,096 6,095,046 Greif, Inc. Class A 44,035 2,469,923 Greif, Inc. Class B 1,710 102,429 * Handy & Harman, Ltd. 1,196 39,588 Hawkins, Inc. 21,643 972,853 Haynes International, Inc. 39,797 1,244,850 HB Fuller Co. 136,524 7,033,716 Hecla Mining Co. 748,640 4,050,142 Huntsman Corp. 455,563 12,127,087 * Ingevity Corp. 16,862 986,427 Innophos Holdings, Inc. 18,978 792,711 Innospec, Inc. 69,882 4,360,637 #* Intrepid Potash, Inc. 89,267 270,479 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Materials -- (Continued) Kaiser Aluminum Corp. 70,836 $ 6,891,634 KapStone Paper and Packaging Corp. 378,704 8,657,173 # KMG Chemicals, Inc. 22,487 1,138,292 * Kraton Corp. 71,401 2,656,117 * Louisiana-Pacific Corp. 494,771 12,423,700 * LSB Industries, Inc. 24,900 176,292 Materion Corp. 86,073 3,309,507 Mercer International, Inc. 186,841 2,055,251 Minerals Technologies, Inc. 106,056 7,508,765 Myers Industries, Inc. 127,324 2,164,508 Neenah Paper, Inc. 46,921 3,748,988 * Northern Technologies International Corp. 20,514 374,380 # Olin Corp. 404,464 11,923,599 Olympic Steel, Inc. 42,600 728,034 * OMNOVA Solutions, Inc. 79,625 748,475 PH Glatfelter Co. 220,312 4,509,787 #* Platform Specialty Products Corp. 457,871 6,414,773 PolyOne Corp. 52,442 1,918,328 Quaker Chemical Corp. 29,379 4,167,999 Rayonier Advanced Materials, Inc. 27,955 416,809 #* Real Industry, Inc. 21,500 63,425 Reliance Steel & Aluminum Co. 236,532 17,115,455 * Resolute Forest Products, Inc. 35,586 165,475 Royal Gold, Inc. 56,713 4,914,749 # Schnitzer Steel Industries, Inc. Class A 136,376 3,518,501 Schweitzer-Mauduit International, Inc. 50,351 1,934,485 Sensient Technologies Corp. 16,762 1,246,422 Sonoco Products Co. 85,205 4,130,738 Steel Dynamics, Inc. 585,303 20,725,579 Stepan Co. 37,887 3,113,175 * SunCoke Energy, Inc. 230,106 2,059,449 * Synalloy Corp. 24,237 273,878 #* TimkenSteel Corp. 270,873 4,304,172 #* Trecora Resources 22,252 257,011 Tredegar Corp. 119,800 1,808,980 # Tronox, Ltd. Class A 131,290 2,544,400 * UFP Technologies, Inc. 1,633 47,112 United States Lime & Minerals, Inc. 7,885 640,420 # United States Steel Corp. 233,782 5,491,539 * Universal Stainless & Alloy Products, Inc. 19,138 363,622 Valvoline, Inc. 186,408 4,225,869 #* Verso Corp. Class A 4,065 19,431 # Westlake Chemical Corp. 87,720 6,171,979 # Worthington Industries, Inc. 110,280 5,587,888 ------------ Total Materials 280,452,159 ------------ Real Estate -- (0.3%) Alexander & Baldwin, Inc. 199,071 8,347,047 # Consolidated-Tomoka Land Co. 3,222 178,628 * Forestar Group, Inc. 120,225 2,061,859 * FRP Holdings, Inc. 26,146 1,206,638 Griffin Industrial Realty, Inc. 9,402 302,650 # RE/MAX Holdings, Inc. Class A 4,900 284,935 TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Real Estate -- (Continued) #* St Joe Co. (The) 10,657 $ 192,359 # Stratus Properties, Inc. 26,736 765,986 * Tejon Ranch Co. 1,941 40,722 * Trinity Place Holdings, Inc. 25,941 180,290 -------------- Total Real Estate 13,561,114 -------------- Telecommunication Services -- (0.7%) * Alaska Communications Systems Group, Inc. 5,200 11,700 # ATN International, Inc. 37,150 2,154,700 * Boingo Wireless, Inc. 68,070 1,009,478 # Consolidated Communications Holdings, Inc. 54,811 986,598 # Frontier Communications Corp. 14,151 216,652 * General Communication, Inc. Class A 141,194 6,024,748 * Hawaiian Telcom Holdco, Inc. 6,682 195,382 # IDT Corp. Class B 72,862 1,079,086 #* Iridium Communications, Inc. 145,080 1,443,546 * Lumos Networks Corp. 48,436 867,489 #* ORBCOMM, Inc. 228,234 2,649,797 # Shenandoah Telecommunications Co. 89,156 2,741,547 Spok Holdings, Inc. 72,418 1,187,655 #* Straight Path Communications, Inc. Class B 6,406 1,149,236 Telephone & Data Systems, Inc. 300,218 8,535,198 * United States Cellular Corp. 71,137 2,694,670 #* Vonage Holdings Corp. 39,758 262,800 # Windstream Holdings, Inc. 59,581 225,812 -------------- Total Telecommunication Services 33,436,094 -------------- Utilities -- (0.4%) #* Calpine Corp. 921,037 13,244,512 Consolidated Water Co., Ltd. 14,573 187,992 #* Dynegy, Inc. 537,409 4,825,933 # Genie Energy, Ltd. Class B 49,345 327,157 Ormat Technologies, Inc. 44,218 2,622,127 #* Vivint Solar, Inc. 9,407 48,446 -------------- Total Utilities 21,256,167 -------------- TOTAL COMMON STOCKS 4,426,215,501 -------------- TOTAL INVESTMENT SECURITIES 4,426,215,501 -------------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional U.S. Government Money Market Fund, 0.940% 17,513,213 17,513,213 -------------- SECURITIES LENDING COLLATERAL -- (11.4%) (S)@ DFA Short Term Investment Fund 49,336,119 570,917,568 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,251,130,000)^^ $5,014,646,282 ============== TAX-MANAGED U.S. TARGETED VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary $ 651,655,033 $ 220,903 -- $ 651,875,936 Consumer Staples 159,354,749 -- -- 159,354,749 Energy 312,639,985 -- -- 312,639,985 Financials 1,174,977,399 -- -- 1,174,977,399 Health Care 272,067,791 -- -- 272,067,791 Industrials 931,851,520 -- -- 931,851,520 Information Technology 574,742,587 -- -- 574,742,587 Materials 280,452,159 -- -- 280,452,159 Real Estate 13,561,114 -- -- 13,561,114 Telecommunication Services 33,436,094 -- -- 33,436,094 Utilities 21,256,167 -- -- 21,256,167 Temporary Cash Investments 17,513,213 -- -- 17,513,213 Securities Lending Collateral -- 570,917,568 -- 570,917,568 -------------- ------------ -- -------------- TOTAL $4,443,507,811 $571,138,471 -- $5,014,646,282 ============== ============ == ============== TAX-MANAGED U.S. SMALL CAP PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ---------- COMMON STOCKS -- (84.0%) Consumer Discretionary -- (12.9%) * 1-800-Flowers.com, Inc. Class A 95,598 $ 922,521 A.H. Belo Corp. Class A 46,600 246,980 # Aaron's, Inc. 114,696 5,308,131 # Abercrombie & Fitch Co. Class A 83,819 824,779 # Adtalem Global Education, Inc. 56,608 1,839,760 # AMC Entertainment Holdings, Inc. Class A 47,642 971,897 #* AMC Networks, Inc. Class A 29,036 1,856,852 AMCON Distributing Co. 300 29,085 * America's Car-Mart, Inc. 28,024 1,098,541 #* American Axle & Manufacturing Holdings, Inc. 141,951 2,092,358 # American Eagle Outfitters, Inc. 278,123 3,292,976 #* American Outdoor Brands Corp. 56,346 1,164,672 * American Public Education, Inc. 14,580 310,554 Ark Restaurants Corp. 3,723 84,661 * Asbury Automotive Group, Inc. 46,541 2,513,214 #* Ascena Retail Group, Inc. 239,452 560,318 * Ascent Capital Group, Inc. Class A 12,178 205,808 #* AV Homes, Inc. 11,554 185,442 * Ballantyne Strong, Inc. 19,505 132,634 #* Barnes & Noble Education, Inc. 68,005 491,676 Barnes & Noble, Inc. 95,071 774,829 Bassett Furniture Industries, Inc. 26,661 991,789 BBX Capital Corp. 1,252 7,712 Beasley Broadcast Group, Inc. Class A 16,965 178,133 * Beazer Homes USA, Inc. 19,924 264,192 * Belmond, Ltd. Class A 157,706 2,058,063 # Big 5 Sporting Goods Corp. 34,189 367,532 # Big Lots, Inc. 77,817 3,865,170 * Biglari Holdings, Inc. 119 44,544 * BJ's Restaurants, Inc. 43,479 1,534,809 # Bloomin' Brands, Inc. 171,794 2,994,369 # Bob Evans Farms, Inc. 44,644 3,088,472 * Bojangles', Inc. 7,544 100,335 #* Boot Barn Holdings, Inc. 5,603 44,880 Bowl America, Inc. Class A 1,400 20,470 * Bravo Brio Restaurant Group, Inc. 25,203 86,950 #* Bridgepoint Education, Inc. 29,164 283,182 * Bright Horizons Family Solutions, Inc. 7,430 587,044 # Brinker International, Inc. 108,953 3,864,563 # Buckle, Inc. (The) 31,524 539,060 #* Buffalo Wild Wings, Inc. 27,509 2,957,217 #* Build-A-Bear Workshop, Inc. 46,135 442,896 * Cabela's, Inc. 22,425 1,277,777 # Cable One, Inc. 422 320,678 #* Caesars Entertainment Corp. 3,527 43,558 # CalAtlantic Group, Inc. 19,063 669,111 Caleres, Inc. 81,772 2,230,740 Callaway Golf Co. 201,077 2,559,710 * Cambium Learning Group, Inc. 70,734 348,011 Canterbury Park Holding Corp. 6,569 76,200 Capella Education Co. 26,650 1,830,855 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) * Career Education Corp. 187,072 $1,573,276 # Carriage Services, Inc. 52,319 1,276,060 * Carrols Restaurant Group, Inc. 125,121 1,526,476 Cato Corp. (The) Class A 49,710 845,567 * Cavco Industries, Inc. 16,785 2,188,764 #* Central European Media Enterprises, Ltd. Class A 8,771 38,154 * Century Casinos, Inc. 4,960 35,662 #* Century Communities, Inc. 4,155 107,615 # Cheesecake Factory, Inc. (The) 77,817 3,702,533 #* Cherokee, Inc. 19,743 103,651 # Chico's FAS, Inc. 211,983 1,939,644 # Children's Place, Inc. (The) 38,725 4,091,296 Choice Hotels International, Inc. 65,468 4,232,506 #* Christopher & Banks Corp. 13,759 19,400 # Churchill Downs, Inc. 21,618 4,043,647 #* Chuy's Holdings, Inc. 42,133 992,232 Citi Trends, Inc. 19,419 430,131 ClubCorp Holdings, Inc. 44,797 759,309 Collectors Universe, Inc. 25,001 622,025 Columbia Sportswear Co. 31,617 1,915,358 #* Conn's, Inc. 71,920 1,539,088 * Container Store Group, Inc. (The) 4,711 25,204 # Cooper Tire & Rubber Co. 108,038 3,948,789 * Cooper-Standard Holdings, Inc. 19,367 1,980,469 # Core-Mark Holding Co., Inc. 115,588 4,238,612 # Cracker Barrel Old Country Store, Inc. 23,721 3,687,429 * Crocs, Inc. 132,824 1,054,623 CSS Industries, Inc. 17,516 468,903 Culp, Inc. 40,622 1,218,660 Dana, Inc. 168,042 3,985,956 * Dave & Buster's Entertainment, Inc. 49,035 3,045,564 * Deckers Outdoor Corp. 34,618 2,245,323 #* Del Frisco's Restaurant Group, Inc. 35,688 506,770 * Del Taco Restaurants, Inc. 19,288 252,480 * Delta Apparel, Inc. 4,288 90,177 * Denny's Corp. 45,687 519,004 * Destination Maternity Corp. 18,105 27,701 #* Destination XL Group, Inc. 123,085 246,170 # Dillard's, Inc. Class A 23,978 1,770,056 # DineEquity, Inc. 23,693 974,730 * Diversified Restaurant Holdings, Inc. 8,069 17,832 * Dixie Group, Inc. (The) 17,430 74,078 #* Dorman Products, Inc. 58,084 4,535,199 Dover Motorsports, Inc. 14,562 29,852 # Drive Shack, Inc. 49,826 152,468 # DSW, Inc. Class A 108,380 1,955,175 # Educational Development Corp. 2,726 27,805 * El Pollo Loco Holdings, Inc. 2,756 35,828 #* Eldorado Resorts, Inc. 42,636 869,774 * Emerson Radio Corp. 37,654 47,821 # Entercom Communications Corp. Class A 35,561 350,276 Entravision Communications Corp. Class A 112,884 733,746 Escalade, Inc. 13,710 169,319 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) # Ethan Allen Interiors, Inc. 48,878 $1,566,540 * EVINE Live, Inc. 5,122 6,095 * EW Scripps Co. (The) Class A 174,708 3,433,012 #* Famous Dave's of America, Inc. 14,986 52,451 #* Fiesta Restaurant Group, Inc. 75,621 1,270,433 # Finish Line, Inc. (The) Class A 96,347 1,325,735 #* Five Below, Inc. 73,435 3,547,645 Flanigan's Enterprises, Inc. 1,877 50,304 Flexsteel Industries, Inc. 9,048 506,507 #* Fox Factory Holding Corp. 63,260 2,432,347 #* Francesca's Holdings Corp. 128,447 1,249,789 # Fred's, Inc. Class A 80,423 544,464 * FTD Cos., Inc. 46,814 919,895 #* G-III Apparel Group, Ltd. 82,878 2,157,314 * Gaia, Inc. 2,700 32,535 # GameStop Corp. Class A 17,738 384,737 Gaming Partners International Corp. 15,986 170,091 # Gannett Co., Inc. 95,967 860,824 * Genesco, Inc. 36,744 1,179,482 * Gentherm, Inc. 70,286 2,351,067 #* Global Eagle Entertainment, Inc. 30,088 95,078 Graham Holdings Co. Class B 4,372 2,589,973 #* Grand Canyon Education, Inc. 78,329 5,762,665 #* Gray Television, Inc. 134,064 1,997,554 * Gray Television, Inc. Class A 912 11,696 * Green Brick Partners, Inc. 3,415 38,419 # Group 1 Automotive, Inc. 38,348 2,283,623 # Guess?, Inc. 134,627 1,758,229 #* Habit Restaurants, Inc. (The) Class A 11,459 188,501 * Harte-Hanks, Inc. 57,862 55,837 Haverty Furniture Cos., Inc. 43,931 977,465 Haverty Furniture Cos., Inc. Class A 457 10,225 * Helen of Troy, Ltd. 54,019 5,442,414 * Hibbett Sports, Inc. 27,003 421,247 Hooker Furniture Corp. 22,843 963,975 #* Horizon Global Corp. 87,062 1,213,644 #* Houghton Mifflin Harcourt Co. 138,904 1,659,903 HSN, Inc. 39,793 1,577,792 #* Iconix Brand Group, Inc. 182,009 1,214,000 # ILG, Inc. 76,086 2,017,040 * Installed Building Products, Inc. 26,778 1,440,656 # International Game Technology P.L.C. 1,000 19,040 International Speedway Corp. Class A 44,994 1,610,785 * Intrawest Resorts Holdings, Inc. 10,542 250,373 #* iRobot Corp. 40,979 4,323,694 Jack in the Box, Inc. 51,912 4,815,357 #* JAKKS Pacific, Inc. 10,774 35,554 #* Jamba, Inc. 26,818 233,585 #* JC Penney Co., Inc. 105,987 573,390 # John Wiley & Sons, Inc. Class A 56,543 3,124,001 Johnson Outdoors, Inc. Class A 16,903 853,940 * K12, Inc. 50,040 886,208 # KB Home 91,281 2,092,161 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) #* Kirkland's, Inc. 45,373 $ 424,238 #* Kona Grill, Inc. 11,058 29,304 * La Quinta Holdings, Inc. 93,055 1,387,450 La-Z-Boy, Inc. 124,681 4,214,218 * Lakeland Industries, Inc. 7,865 118,368 # LCI Industries 44,007 4,697,747 Libbey, Inc. 38,673 348,057 * Liberty Expedia Holdings, Inc. Class A 789 45,012 Liberty Tax, Inc. 2,368 33,389 * Liberty TripAdvisor Holdings, Inc. Class A 40,636 477,473 * Liberty Ventures Series A 1,486 90,022 Lifetime Brands, Inc. 25,454 482,353 #* Lindblad Expeditions Holdings, Inc. 11,185 111,962 #* Lions Gate Entertainment Corp. Class B 2,854 78,514 # Lithia Motors, Inc. Class A 51,735 5,341,639 * Luby's, Inc. 33,861 97,181 * M/I Homes, Inc. 42,762 1,109,246 * Malibu Boats, Inc. Class A 47,969 1,372,393 Marcus Corp. (The) 41,404 1,126,189 # Marine Products Corp. 36,414 528,731 #* MarineMax, Inc. 62,761 938,277 # Marriott Vacations Worldwide Corp. 44,457 5,194,800 #* McClatchy Co. (The) Class A 2,442 19,536 # MDC Holdings, Inc. 73,710 2,527,516 (degrees) Media General, Inc. 64,715 130,724 # Meredith Corp. 71,233 4,234,802 * Meritage Homes Corp. 43,894 1,788,680 * Modine Manufacturing Co. 72,534 1,178,678 * Monarch Casino & Resort, Inc. 36,281 1,200,538 # Monro Muffler Brake, Inc. 45,850 2,136,610 #* Motorcar Parts of America, Inc. 44,502 1,244,721 # Movado Group, Inc. 41,516 1,021,294 #* MSG Networks, Inc. Class A 53,547 1,145,906 #* Murphy USA, Inc. 59,905 4,536,606 NACCO Industries, Inc. Class A 14,669 962,286 * Nathan's Famous, Inc. 14,980 936,250 National CineMedia, Inc. 204,762 1,464,048 #* Nautilus, Inc. 105,199 1,851,502 * New Home Co., Inc. (The) 839 9,070 # New Media Investment Group, Inc. 4,332 60,388 * New York & Co., Inc. 37,400 58,344 New York Times Co. (The) Class A 236,803 4,499,257 # Nexstar Media Group, Inc. Class A 73,168 4,785,187 # Nutrisystem, Inc. 50,487 2,814,650 Office Depot, Inc. 734,018 4,308,686 #* Ollie's Bargain Outlet Holdings, Inc. 40,882 1,827,425 #* Overstock.com, Inc. 68,425 1,094,800 Oxford Industries, Inc. 25,607 1,616,570 # Papa John's International, Inc. 84,897 6,055,703 #* Papa Murphy's Holdings, Inc. 3,866 16,469 #* Penn National Gaming, Inc. 63,987 1,289,978 # Penske Automotive Group, Inc. 41,933 1,825,763 * Perry Ellis International, Inc. 36,369 714,287 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) # PetMed Express, Inc. 65,339 $3,106,216 * PICO Holdings, Inc. 31,640 514,150 # Pier 1 Imports, Inc. 276,182 1,273,199 #* Pinnacle Entertainment, Inc. 72,817 1,383,523 # Planet Fitness, Inc. Class A 25,881 586,463 # Pool Corp. 41,444 4,480,925 * Potbelly Corp. 42,347 486,991 RCI Hospitality Holdings, Inc. 15,408 349,608 * Reading International, Inc. Class A 22,504 359,164 * Reading International, Inc. Class B 2,340 48,672 * Red Lion Hotels Corp. 26,223 187,494 #* Red Robin Gourmet Burgers, Inc. 31,187 1,864,983 # Regal Entertainment Group Class A 214,019 4,070,641 * Regis Corp. 62,856 661,874 # Rent-A-Center, Inc. 48,617 642,717 Rocky Brands, Inc. 14,145 197,323 * Ruby Tuesday, Inc. 125,308 253,122 Ruth's Hospitality Group, Inc. 109,354 2,187,080 Saga Communications, Inc. Class A 15,886 617,171 Salem Media Group, Inc. 13,939 99,664 Scholastic Corp. 47,340 1,961,296 #* Scientific Games Corp. Class A 55,230 2,046,271 #* Sears Hometown and Outlet Stores, Inc. 720 1,620 # SeaWorld Entertainment, Inc. 129,967 1,998,892 #* Select Comfort Corp. 89,608 3,029,646 #* Sequential Brands Group, Inc. 3,479 11,168 * Shiloh Industries, Inc. 26,761 198,567 # Shoe Carnival, Inc. 48,652 888,386 * Shutterfly, Inc. 64,322 3,154,351 Sinclair Broadcast Group, Inc. Class A 91,559 3,300,702 #* Skechers U.S.A., Inc. Class A 70,830 1,989,615 * Skyline Corp. 14,840 110,855 # Sonic Automotive, Inc. Class A 52,991 961,787 # Sonic Corp. 128,846 3,048,496 * Sotheby's 86,905 4,917,954 Speedway Motorsports, Inc. 48,703 1,035,426 #* Sportsman's Warehouse Holdings, Inc. 141,921 642,902 # Stage Stores, Inc. 39,118 77,845 Standard Motor Products, Inc. 57,284 2,885,968 Stanley Furniture Co., Inc. 8,005 10,086 # Stein Mart, Inc. 5,932 8,245 #* Steven Madden, Ltd. 110,301 4,522,341 * Stoneridge, Inc. 102,453 1,563,433 Strattec Security Corp. 5,841 207,356 # Strayer Education, Inc. 25,749 2,024,386 # Sturm Ruger & Co., Inc. 31,391 1,808,122 Superior Industries International, Inc. 45,688 893,200 Superior Uniform Group, Inc. 19,372 432,577 * Sypris Solutions, Inc. 25,625 42,666 # Tailored Brands, Inc. 7,000 87,780 * Tandy Leather Factory, Inc. 22,365 197,930 * Taylor Morrison Home Corp. Class A 105,410 2,384,374 #* Tempur Sealy International, Inc. 16,600 957,322 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) Tenneco, Inc. 83,308 $ 4,606,932 Texas Roadhouse, Inc. 116,041 5,488,739 Thor Industries, Inc. 67,583 7,119,869 # Tile Shop Holdings, Inc. 10,218 149,183 Tilly's, Inc. Class A 27,816 277,604 Time, Inc. 121,961 1,713,552 * TopBuild Corp. 44,057 2,325,328 Tower International, Inc. 34,545 853,262 #* Town Sports International Holdings, Inc. 19,473 107,102 * Townsquare Media, Inc. Class A 1,089 12,044 * Trans World Entertainment Corp. 10,783 18,870 #* TRI Pointe Group, Inc. 234,472 3,118,478 Tribune Media Co. Class A 7,446 313,849 #* tronc, Inc. 19,245 245,759 #* Tuesday Morning Corp. 69,032 127,709 # Tupperware Brands Corp. 71,609 4,347,382 * UCP, Inc. Class A 7,796 86,925 * Unifi, Inc. 41,392 1,356,002 #* Universal Electronics, Inc. 27,988 1,915,779 * Universal Technical Institute, Inc. 7,561 26,917 * US Auto Parts Network, Inc. 26,477 69,105 #* Vera Bradley, Inc. 34,600 348,768 #* Vista Outdoor, Inc. 81,788 1,888,485 * Visteon Corp. 43,662 4,870,059 * VOXX International Corp. 20,289 135,936 Wendy's Co. (The) 362,549 5,597,757 West Marine, Inc. 48,991 631,494 Weyco Group, Inc. 9,554 266,366 #* William Lyon Homes Class A 55,824 1,262,181 #* Wingstop, Inc. 14,739 442,317 Winmark Corp. 8,694 1,156,737 Winnebago Industries, Inc. 77,870 2,865,616 Wolverine World Wide, Inc. 114,766 3,236,401 * ZAGG, Inc. 94,619 799,531 #* Zumiez, Inc. 51,342 652,043 ------------ Total Consumer Discretionary 419,242,651 ------------ Consumer Staples -- (3.4%) Alico, Inc. 7,043 212,699 * Alliance One International, Inc. 9,161 139,247 Andersons, Inc. (The) 40,659 1,400,703 #* Avon Products, Inc. 128,982 469,494 # B&G Foods, Inc. 81,354 2,949,082 #* Boston Beer Co., Inc. (The) Class A 8,600 1,348,480 * Bridgford Foods Corp. 6,838 76,312 #* Cal-Maine Foods, Inc. 61,940 2,363,011 # Calavo Growers, Inc. 27,373 2,026,971 # Casey's General Stores, Inc. 24,333 2,597,548 #* CCA Industries, Inc. 7,270 25,809 * Central Garden & Pet Co. 27,336 874,752 * Central Garden & Pet Co. Class A 76,906 2,365,629 #* Chefs' Warehouse, Inc. (The) 47,787 692,911 # Coca-Cola Bottling Co. Consolidated 12,876 3,091,399 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Staples -- (Continued) #* Craft Brew Alliance, Inc. 66,942 $1,171,485 * Darling Ingredients, Inc. 290,000 4,718,300 # Dean Foods Co. 152,908 2,293,620 # Energizer Holdings, Inc. 103,582 4,772,023 #* Farmer Brothers Co. 31,433 979,138 Fresh Del Monte Produce, Inc. 91,186 4,693,343 #* Hostess Brands, Inc. 5,715 87,325 * HRG Group, Inc. 52,919 876,868 Ingles Markets, Inc. Class A 32,567 960,726 Inter Parfums, Inc. 63,168 2,450,918 #* Inventure Foods, Inc. 3,653 14,247 J&J Snack Foods Corp. 26,004 3,416,926 # John B. Sanfilippo & Son, Inc. 30,057 1,933,266 Lancaster Colony Corp. 38,638 4,737,792 * Landec Corp. 73,930 909,339 * Lifevantage Corp. 3,000 11,400 #* Lifeway Foods, Inc. 30,128 276,274 Limoneira Co. 5,602 127,502 Mannatech, Inc. 840 13,650 Medifast, Inc. 40,833 1,743,161 # MGP Ingredients, Inc. 47,869 2,822,356 # National Beverage Corp. 81,150 8,287,038 * Natural Alternatives International, Inc. 17,791 177,910 #* Natural Grocers by Vitamin Cottage, Inc. 10,781 94,981 Nature's Sunshine Products, Inc. 4,038 51,081 Nu Skin Enterprises, Inc. Class A 12,563 795,992 Nutraceutical International Corp. 27,069 1,131,484 Oil-Dri Corp. of America 13,568 561,172 Omega Protein Corp. 49,304 788,864 # Orchids Paper Products Co. 14,390 162,031 #* Post Holdings, Inc. 14,973 1,245,754 # PriceSmart, Inc. 41,997 3,538,247 #* Primo Water Corp. 46,008 570,959 #* Revlon, Inc. Class A 77,452 1,514,187 Rocky Mountain Chocolate Factory, Inc. 10,733 127,615 # Sanderson Farms, Inc. 44,322 5,795,101 Seaboard Corp. 99 423,225 * Seneca Foods Corp. Class A 19,421 557,383 * Seneca Foods Corp. Class B 1,443 44,589 #* Smart & Final Stores, Inc. 10,892 93,671 # Snyder's-Lance, Inc. 142,206 4,947,347 SpartanNash Co. 76,960 2,134,870 * SUPERVALU, Inc. 145,278 520,095 # Tootsie Roll Industries, Inc. 37,126 1,381,087 #* TreeHouse Foods, Inc. 22,231 1,885,856 #* United Natural Foods, Inc. 62,532 2,409,358 United-Guardian, Inc. 13,162 207,301 Universal Corp. 33,750 2,158,312 #* USANA Health Sciences, Inc. 53,904 3,077,918 # Vector Group, Ltd. 186,600 3,756,258 # Village Super Market, Inc. Class A 11,419 282,392 # WD-40 Co. 17,475 1,863,709 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) # Weis Markets, Inc. 32,310 $ 1,528,586 ------------ Total Consumer Staples 111,758,079 ------------ Energy -- (3.5%) Adams Resources & Energy, Inc. 7,318 278,011 Archrock, Inc. 79,065 865,762 #* Atwood Oceanics, Inc. 92,122 724,079 * Barnwell Industries, Inc. 8,064 15,080 * Basic Energy Services, Inc. 11,583 259,459 #* Bill Barrett Corp. 120,884 408,588 # Bristow Group, Inc. 43,385 319,747 #* Callon Petroleum Co. 157,437 1,782,187 #* CARBO Ceramics, Inc. 12,224 86,424 #* Clean Energy Fuels Corp. 92,036 241,134 * Cloud Peak Energy, Inc. 88,585 306,504 #* CONSOL Energy, Inc. 42,479 711,948 * Contango Oil & Gas Co. 40,383 242,298 # CVR Energy, Inc. 5,515 104,289 * Dawson Geophysical Co. 23,278 93,345 # Delek US Holdings, Inc. 156,490 4,085,954 #* Denbury Resources, Inc. 328,376 479,429 DHT Holdings, Inc. 190,797 793,716 #* Diamond Offshore Drilling, Inc. 27,686 343,860 #* Dorian LPG, Ltd. 2,604 18,749 #* Dril-Quip, Inc. 76,826 3,426,440 #* Eclipse Resources Corp. 8,853 24,877 * ENGlobal Corp. 32,081 40,101 # EnLink Midstream LLC 167,753 2,944,065 # Ensco P.L.C. Class A 419,871 2,221,118 * Era Group, Inc. 15,103 132,302 # Evolution Petroleum Corp. 21,474 184,676 * Exterran Corp. 36,912 1,022,093 #* Forum Energy Technologies, Inc. 248,362 3,290,796 # Frank's International NV 19,487 157,845 # GasLog, Ltd. 52,543 958,910 #* Geospace Technologies Corp. 15,583 239,822 Green Plains, Inc. 69,992 1,382,342 Gulf Island Fabrication, Inc. 14,026 159,896 * Gulfport Energy Corp. 12,319 155,466 Hallador Energy Co. 2,560 17,638 * Helix Energy Solutions Group, Inc. 399,534 2,612,952 #* Hornbeck Offshore Services, Inc. 39,200 98,784 * International Seaways, Inc. 1,937 44,183 #* Jones Energy, Inc. Class A 6,741 10,112 #* Kosmos Energy, Ltd. 454,861 3,002,083 #* Laredo Petroleum, Inc. 354,186 4,590,251 * Matrix Service Co. 73,284 758,489 #* McDermott International, Inc. 388,116 2,627,545 * Mitcham Industries, Inc. 19,337 76,768 # Murphy Oil Corp. 114,500 3,043,410 # Nabors Industries, Ltd. 406,068 3,130,784 * Natural Gas Services Group, Inc. 29,473 735,351 * Newpark Resources, Inc. 296,750 2,477,863 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) # Noble Corp. P.L.C. 600,691 $ 2,402,764 # Nordic American Offshore, Ltd. 113 136 #* Northern Oil and Gas, Inc. 2,727 3,409 * Oasis Petroleum, Inc. 225,714 1,756,055 # Oceaneering International, Inc. 116,861 2,997,485 #* Oil States International, Inc. 74,879 1,860,743 * Overseas Shipholding Group, Inc. Class A 5,814 17,907 * Pacific Ethanol, Inc. 31,704 198,150 Panhandle Oil and Gas, Inc. Class A 33,766 742,852 #* Par Pacific Holdings, Inc. 28,123 503,683 * Parker Drilling Co. 111,023 133,228 Patterson-UTI Energy, Inc. 207,410 4,011,309 # PBF Energy, Inc. Class A 219,562 4,999,427 #* PDC Energy, Inc. 86,705 4,089,008 * Peabody Energy Corp. 28,786 807,159 * PHI, Inc. Non-Voting 3,569 34,619 * Pioneer Energy Services Corp. 130,091 286,200 * QEP Resources, Inc. 111,614 956,532 #* Renewable Energy Group, Inc. 129,075 1,613,438 #* Resolute Energy Corp. 21,544 731,634 * REX American Resources Corp. 18,425 1,842,132 * Rice Energy, Inc. 34,644 968,993 #* RigNet, Inc. 10,356 196,246 #* Ring Energy, Inc. 54,977 718,000 #* Rowan Cos. P.L.C. Class A 165,605 1,932,610 # RPC, Inc. 102,842 2,129,858 * RSP Permian, Inc. 34,316 1,179,098 # Scorpio Tankers, Inc. 154,485 573,139 * SEACOR Holdings, Inc. 19,648 669,800 * SEACOR Marine Holdings, Inc. 19,754 288,013 # SemGroup Corp. Class A 91,516 2,475,508 # Ship Finance International, Ltd. 79,086 1,075,570 # SM Energy Co. 116,078 2,018,596 #* SRC Energy, Inc. 494,381 4,207,182 #* Superior Energy Services, Inc. 285,513 3,072,120 # Teekay Corp. 13,734 134,593 # Teekay Tankers, Ltd. Class A 85,177 153,319 #* Tesco Corp. 109,687 504,560 * TETRA Technologies, Inc. 264,842 744,206 #* Transocean, Ltd. 3,400 29,410 #* Ultra Petroleum Corp. 71,588 736,641 #* Unit Corp. 102,208 1,837,700 #* Uranium Resources, Inc. 5,800 8,526 # US Silica Holdings, Inc. 7,707 224,505 * Westmoreland Coal Co. 9,378 40,419 #* Whiting Petroleum Corp. 530,702 2,786,185 * Willbros Group, Inc. 46,709 95,286 World Fuel Services Corp. 14,654 473,910 #* WPX Energy, Inc. 154,639 1,667,008 ------------ Total Energy 112,656,396 ------------ Financials -- (17.8%) 1st Constitution Bancorp 170 2,916 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) 1st Source Corp. 55,678 $2,733,790 A-Mark Precious Metals, Inc. 9,855 148,515 Access National Corp. 12,892 342,798 ACNB Corp. 896 25,491 * Ambac Financial Group, Inc. 47,151 963,295 American Equity Investment Life Holding Co. 87,360 2,339,501 American National Bankshares, Inc. 6,436 242,959 # American National Insurance Co. 8,644 1,028,636 American River Bankshares 2,368 33,034 Ameris Bancorp 61,629 2,822,608 # AMERISAFE, Inc. 46,837 2,704,837 AmeriServ Financial, Inc. 55,911 220,848 # Amtrust Financial Services, Inc. 41,621 665,936 Argo Group International Holdings, Ltd. 52,342 3,137,903 Arrow Financial Corp. 32,707 1,066,248 # Artisan Partners Asset Management, Inc. Class A 37,605 1,250,366 Aspen Insurance Holdings, Ltd. 107,094 5,226,187 Associated Banc-Corp 252,334 6,043,399 * Asta Funding, Inc. 3,514 25,740 Astoria Financial Corp. 194,618 3,927,391 Atlantic American Corp. 4,900 17,640 * Atlantic Coast Financial Corp. 2,377 18,897 * Atlanticus Holdings Corp. 19,846 49,020 * Atlas Financial Holdings, Inc. 5,764 89,054 Auburn National Bancorporation, Inc. 300 11,103 Baldwin & Lyons, Inc. Class A 550 12,815 Baldwin & Lyons, Inc. Class B 18,373 429,928 # Banc of California, Inc. 41,095 844,502 BancFirst Corp. 22,138 2,363,232 #* Bancorp, Inc. (The) 102,716 796,049 BancorpSouth, Inc. 203,866 6,126,173 Bank Mutual Corp. 58,162 578,712 Bank of Commerce Holdings 400 4,140 # Bank of Hawaii Corp. 68,402 5,723,195 Bank of Marin Bancorp 3,562 237,407 BankFinancial Corp. 33,214 497,546 Banner Corp. 47,446 2,740,955 Bar Harbor Bankshares 16,635 463,950 BCB Bancorp, Inc. 3,171 47,565 Bear State Financial, Inc. 439 4,074 Beneficial Bancorp, Inc. 119,215 1,859,754 * Berkshire Bancorp, Inc. 150 1,714 Berkshire Hills Bancorp, Inc. 56,378 2,094,443 BGC Partners, Inc. Class A 315,778 3,981,961 Blue Hills Bancorp, Inc. 3,834 72,654 #* BofI Holding, Inc. 104,916 2,924,009 Boston Private Financial Holdings, Inc. 207,901 3,191,280 Bridge Bancorp, Inc. 6,989 227,143 Brookline Bancorp, Inc. 132,821 1,972,392 # Bryn Mawr Bank Corp. 34,763 1,475,689 * BSB Bancorp, Inc. 806 23,817 C&F Financial Corp. 603 30,029 California First National Bancorp 3,097 51,565 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Camden National Corp. 23,069 $ 968,898 Canadian Imperial Bank of Commerce 14,991 1,301,818 Capital Bank Financial Corp. Class A 49,546 1,882,748 Capital City Bank Group, Inc. 9,887 211,186 Capitol Federal Financial, Inc. 261,496 3,728,933 # Carolina Financial Corp. 6,591 221,721 Cathay General Bancorp 196,272 7,350,386 CenterState Banks, Inc. 49,467 1,236,180 Central Pacific Financial Corp. 36,153 1,118,212 # Central Valley Community Bancorp 800 17,584 Century Bancorp, Inc. Class A 1,209 80,640 Charter Financial Corp. 7,848 141,107 Chemical Financial Corp. 65,622 3,162,324 # Citizens & Northern Corp. 7,004 161,652 Citizens Community Bancorp, Inc. 18,282 255,034 Citizens Holding Co. 592 14,593 #* Citizens, Inc. 100,100 805,805 # City Holding Co. 36,845 2,418,137 # Civista Bancshares, Inc. 2,396 48,998 # Clifton Bancorp, Inc. 53,560 893,916 CNB Financial Corp. 12,380 326,337 CNO Financial Group, Inc. 336,171 7,691,592 CoBiz Financial, Inc. 98,926 1,741,098 Codorus Valley Bancorp, Inc. 2,441 68,250 # Cohen & Steers, Inc. 12,447 502,859 Colony Bankcorp, Inc. 1,629 22,887 Columbia Banking System, Inc. 126,379 5,034,939 # Community Bank System, Inc. 83,836 4,602,596 * Community Bankers Trust Corp. 1,400 12,040 Community Trust Bancorp, Inc. 42,011 1,814,875 Community West Bancshares 1,200 12,420 ConnectOne Bancorp, Inc. 37,010 832,725 * Consumer Portfolio Services, Inc. 43,017 176,800 #* Cowen, Inc. 37,869 605,904 Crawford & Co. Class A 66,852 496,710 # Crawford & Co. Class B 46,636 418,791 * Credit Acceptance Corp. 4,645 1,157,070 * CU Bancorp 4,481 165,349 * Customers Bancorp, Inc. 32,451 968,662 # CVB Financial Corp. 189,760 4,087,430 Diamond Hill Investment Group, Inc. 6,604 1,304,290 Dime Community Bancshares, Inc. 81,765 1,700,712 Donegal Group, Inc. Class A 36,997 557,915 Donegal Group, Inc. Class B 870 13,529 * Donnelley Financial Solutions, Inc. 25,588 593,642 * Eagle Bancorp, Inc. 20,179 1,260,179 * eHealth, Inc. 40,214 684,040 EMC Insurance Group, Inc. 43,586 1,207,332 Employers Holdings, Inc. 62,945 2,728,666 #* Encore Capital Group, Inc. 43,194 1,732,079 * Enova International, Inc. 67,407 977,402 * Enstar Group, Ltd. 17,850 3,616,410 # Enterprise Bancorp, Inc. 3,627 122,556 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Enterprise Financial Services Corp. 39,490 $1,561,830 ESSA Bancorp, Inc. 11,338 167,236 #* Essent Group, Ltd. 447 17,174 Evans Bancorp, Inc. 1,635 66,626 Evercore Partners, Inc. Class A 53,675 4,221,539 #* Ezcorp, Inc. Class A 69,018 538,340 Fairfax Financial Holdings, Ltd. 779 370,999 Farmers Capital Bank Corp. 6,388 239,869 # Farmers National Banc Corp. 6,072 83,490 FBL Financial Group, Inc. Class A 40,672 2,761,629 #* FCB Financial Holdings, Inc. Class A 36,154 1,704,661 Federal Agricultural Mortgage Corp. Class A 1,115 74,705 Federal Agricultural Mortgage Corp. Class C 23,362 1,601,699 # Federated Investors, Inc. Class B 167,751 4,836,261 Federated National Holding Co. 22,136 352,405 # Fidelity Southern Corp. 41,855 881,466 # Financial Engines, Inc. 19,467 748,506 Financial Institutions, Inc. 28,837 847,808 * First Acceptance Corp. 96,214 86,593 First American Financial Corp. 78,661 3,807,979 * First BanCorp(318672706) 131,917 773,034 First Bancorp(318910106) 23,060 721,778 First Bancorp, Inc. 8,432 227,158 # First Bancshares, Inc. (The) 300 8,325 # First Bank 2,901 37,278 First Busey Corp. 66,188 1,935,337 First Business Financial Services, Inc. 3,430 72,922 First Citizens BancShares, Inc. Class A 3,945 1,451,839 First Commonwealth Financial Corp. 156,095 2,033,918 First Community Bancshares, Inc. 38,036 1,035,340 First Connecticut Bancorp, Inc. 7,526 192,666 First Defiance Financial Corp. 24,687 1,277,552 First Financial Bancorp 105,801 2,708,506 # First Financial Bankshares, Inc. 62,558 2,705,634 First Financial Corp. 25,478 1,173,262 First Financial Northwest, Inc. 27,065 444,137 #* First Foundation, Inc. 7,818 135,564 # First Horizon National Corp. 295,720 5,154,400 First Internet Bancorp 406 13,378 First Interstate Bancsystem, Inc. Class A 50,891 1,860,066 First Merchants Corp. 71,810 2,903,996 First Midwest Bancorp, Inc. 158,066 3,510,646 * First Northwest Bancorp 793 12,093 First of Long Island Corp. (The) 13,186 368,549 First South Bancorp, Inc. 3,490 60,063 * First United Corp. 1,912 28,871 FirstCash, Inc. 83,455 4,852,908 * Flagstar Bancorp, Inc. 54,290 1,767,682 Flushing Financial Corp. 76,944 2,195,212 FNB Corp. 428,105 5,865,038 * FNFV Group 6,727 116,041 #* Franklin Financial Network, Inc. 2,239 77,357 Fulton Financial Corp. 353,155 6,445,079 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Gain Capital Holdings, Inc. 45,587 $ 305,889 GAMCO Investors, Inc. Class A 5,266 161,719 * Genworth Financial, Inc. Class A 6,100 20,923 # German American Bancorp, Inc. 50,307 1,802,500 # Glacier Bancorp, Inc. 134,100 4,682,772 * Global Indemnity, Ltd. 23,351 905,085 Great Southern Bancorp, Inc. 30,992 1,610,034 # Great Western Bancorp, Inc. 19,797 772,281 * Green Bancorp, Inc. 11,606 260,555 #* Green Dot Corp. Class A 84,511 3,400,723 # Greenhill & Co., Inc. 30,324 560,994 #* Greenlight Capital Re, Ltd. Class A 51,099 1,093,519 Guaranty Bancorp 26,877 716,272 Guaranty Federal Bancshares, Inc. 2,022 43,473 * Hallmark Financial Services, Inc. 32,044 360,495 Hancock Holding Co. 121,742 5,600,132 Hanmi Financial Corp. 80,861 2,316,668 Hanover Insurance Group, Inc. (The) 50,999 4,837,765 # Hawthorn Bancshares, Inc. 2,033 41,321 # HCI Group, Inc. 31,280 1,410,415 Heartland Financial USA, Inc. 42,716 2,011,924 Hennessy Advisors, Inc. 2,761 43,734 Heritage Commerce Corp. 66,105 918,198 Heritage Financial Corp. 40,972 1,114,438 # Heritage Insurance Holdings, Inc. 18,345 231,330 Hilltop Holdings, Inc. 197,180 4,935,415 Hingham Institution for Savings 883 156,203 * HMN Financial, Inc. 2,746 49,428 Home Bancorp, Inc. 1,082 43,843 # Home BancShares, Inc. 237,604 5,892,579 * HomeStreet, Inc. 45,893 1,204,691 * HomeTrust Bancshares, Inc. 7,702 186,003 Hope Bancorp, Inc. 309,896 5,463,466 HopFed Bancorp, Inc. 5,577 81,313 Horace Mann Educators Corp. 77,779 2,870,045 # Horizon Bancorp 13,582 358,157 Iberiabank Corp. 47,728 3,858,809 #* Impac Mortgage Holdings, Inc. 1,592 23,418 Independent Bank Corp.(453836108) 43,062 3,072,474 Independent Bank Corp.(453838609) 21,971 465,785 Independent Bank Group, Inc. 5,125 309,294 Infinity Property & Casualty Corp. 17,124 1,713,256 # Interactive Brokers Group, Inc. Class A 114,563 4,588,248 International Bancshares Corp. 107,214 3,795,376 * INTL. FCStone, Inc. 33,417 1,307,607 Investar Holding Corp. 678 15,357 Investment Technology Group, Inc. 71,938 1,587,672 # Investors Title Co. 1,559 275,195 James River Group Holdings, Ltd. 257 10,321 #* Janus Henderson Group P.L.C. 133,747 4,479,187 Kearny Financial Corp. 84,846 1,238,752 Kemper Corp. 75,283 2,954,858 Kentucky First Federal Bancorp 3,402 33,340 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) Kingstone Cos., Inc. 6,523 $ 107,630 * Ladenburg Thalmann Financial Services, Inc. 60,639 138,257 Lake Shore Bancorp, Inc. 338 5,340 # Lakeland Bancorp, Inc. 68,548 1,326,404 Lakeland Financial Corp. 60,442 2,780,332 Landmark Bancorp, Inc. 2,847 84,414 LCNB Corp. 1,472 29,514 # LegacyTexas Financial Group, Inc. 81,712 3,163,889 Legg Mason, Inc. 36,052 1,442,441 #* LendingTree, Inc. 16,526 3,645,636 LPL Financial Holdings, Inc. 9,991 457,188 Macatawa Bank Corp. 53,655 517,771 Mackinac Financial Corp. 7,750 112,685 * Magyar Bancorp, Inc. 809 10,339 Maiden Holdings, Ltd. 109,686 1,217,515 MainSource Financial Group, Inc. 45,798 1,600,182 # Manning & Napier, Inc. 12,695 51,415 Marlin Business Services Corp. 32,483 844,558 MB Financial, Inc. 116,443 4,762,519 #* MBIA, Inc. 195,999 1,993,310 # MBT Financial Corp. 10,204 97,958 Mercantile Bank Corp. 14,511 461,740 # Mercury General Corp. 77,822 4,660,760 Meridian Bancorp, Inc. 88,623 1,564,196 Meta Financial Group, Inc. 11,924 850,181 * MGIC Investment Corp. 216,764 2,529,636 MidSouth Bancorp, Inc. 11,037 124,166 MidWestOne Financial Group, Inc. 4,919 169,312 Moelis & Co. Class A 15,535 635,382 Morningstar, Inc. 3,116 257,288 MutualFirst Financial, Inc. 6,352 221,685 National Bank Holdings Corp. Class A 38,446 1,312,162 National Bankshares, Inc. 569 21,907 #* National Commerce Corp. 367 14,717 National General Holdings Corp. 43,958 932,349 National Security Group, Inc. (The) 1,000 13,645 National Western Life Group, Inc. Class A 1,800 605,862 #* Nationstar Mortgage Holdings, Inc. 1,385 24,695 Navigators Group, Inc. (The) 46,470 2,648,790 # NBT Bancorp, Inc. 65,978 2,384,445 Nelnet, Inc. Class A 59,149 2,903,624 NewStar Financial, Inc. 110,612 1,210,095 * Nicholas Financial, Inc. 9,480 83,424 * Nicolet Bankshares, Inc. 200 10,834 * NMI Holdings, Inc. Class A 25,228 297,690 Northeast Bancorp 743 15,975 # Northfield Bancorp, Inc. 78,040 1,310,292 Northrim BanCorp, Inc. 7,595 221,394 Northwest Bancshares, Inc. 214,988 3,461,307 # Norwood Financial Corp. 633 27,118 OceanFirst Financial Corp. 50,311 1,362,422 #* Ocwen Financial Corp. 62,166 178,416 OFG Bancorp 66,500 668,325 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) # Ohio Valley Banc Corp. 600 $ 20,310 Old Line Bancshares, Inc. 4,623 125,191 Old National Bancorp 190,552 3,105,998 Old Second Bancorp, Inc. 12,784 151,490 OM Asset Management P.L.C. 155,056 2,336,694 OneBeacon Insurance Group, Ltd. Class A 39,902 731,005 #* OneMain Holdings, Inc. 11,154 298,258 Oppenheimer Holdings, Inc. Class A 8,285 130,489 Opus Bank 19,518 464,528 Oritani Financial Corp. 82,720 1,373,152 Pacific Continental Corp. 45,415 1,153,541 * Pacific Mercantile Bancorp 29,836 235,704 * Pacific Premier Bancorp, Inc. 40,410 1,450,719 Park National Corp. 16,584 1,638,002 Park Sterling Corp. 65,190 757,508 Parke Bancorp, Inc. 559 11,292 Peapack Gladstone Financial Corp. 11,595 362,576 Penns Woods Bancorp, Inc. 3,302 141,491 #* PennyMac Financial Services, Inc. Class A 3,130 54,462 # People's United Financial, Inc. 39,774 693,659 People's Utah Bancorp 4,273 118,789 Peoples Bancorp of North Carolina, Inc. 986 31,177 Peoples Bancorp, Inc. 22,352 728,675 * PHH Corp. 72,933 1,005,017 Pinnacle Financial Partners, Inc. 99,359 6,349,040 Piper Jaffray Cos. 17,595 1,097,928 PJT Partners, Inc. Class A 5,307 230,218 Popular, Inc. 62,213 2,621,656 #* Porter Bancorp, Inc. 857 9,530 #* PRA Group, Inc. 75,583 2,962,854 Preferred Bank 17,130 961,850 Premier Financial Bancorp, Inc. 8,798 167,162 # Primerica, Inc. 81,641 6,617,003 ProAssurance Corp. 98,470 6,085,446 Prosperity Bancshares, Inc. 8,768 562,029 Provident Financial Holdings, Inc. 6,061 115,159 Provident Financial Services, Inc. 105,610 2,800,777 Prudential Bancorp, Inc. 1,711 29,378 Pzena Investment Management, Inc. Class A 19,862 209,544 QCR Holdings, Inc. 7,838 360,156 Radian Group, Inc. 324,032 5,644,637 * Regional Management Corp. 13,757 330,030 Renasant Corp. 89,980 3,814,252 Republic Bancorp, Inc. Class A 38,576 1,384,878 #* Republic First Bancorp, Inc. 20,629 183,598 Riverview Bancorp, Inc. 13,038 98,958 # RLI Corp. 70,858 4,114,015 * Royal Bancshares of Pennsylvania, Inc. Class A 13,432 57,623 S&T Bancorp, Inc. 62,285 2,359,356 * Safeguard Scientifics, Inc. 61,175 727,983 Safety Insurance Group, Inc. 35,435 2,514,113 Salisbury Bancorp, Inc. 551 23,307 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Financials -- (Continued) # Sandy Spring Bancorp, Inc. 56,056 $2,244,482 * Seacoast Banking Corp. of Florida 41,244 963,872 * Security National Financial Corp. Class A 3,323 21,101 * Select Bancorp, Inc. 2,536 30,026 # Selective Insurance Group, Inc. 89,345 4,525,324 # ServisFirst Bancshares, Inc. 49,578 1,801,665 Shore Bancshares, Inc. 1,596 26,956 SI Financial Group, Inc. 36,059 557,112 Siebert Financial Corp. 7,500 30,075 Sierra Bancorp 22,084 605,102 Silvercrest Asset Management Group, Inc. Class A 2,711 34,294 # Simmons First National Corp. Class A 47,535 2,593,034 # South State Corp. 44,862 3,757,192 * Southern First Bancshares, Inc. 4,935 181,855 Southern Missouri Bancorp, Inc. 2,222 72,015 Southern National Bancorp of Virginia, Inc. 3,360 56,851 # Southside Bancshares, Inc. 56,225 1,952,694 Southwest Bancorp, Inc. 39,847 1,040,007 Southwest Georgia Financial Corp. 1,439 28,348 # State Auto Financial Corp. 35,880 925,345 State Bank Financial Corp. 29,535 810,736 State National Cos., Inc. 20,184 421,442 # Sterling Bancorp 292,357 6,753,447 Stewart Information Services Corp. 48,701 1,913,949 * Stifel Financial Corp. 65,436 3,327,421 Stock Yards Bancorp, Inc. 46,692 1,673,908 Stonegate Bank 6,197 288,470 Summit Financial Group, Inc. 1,045 22,771 Summit State Bank 1,000 13,000 Sun Bancorp, Inc. 20,447 497,884 # Sussex Bancorp 1,111 26,664 Synovus Financial Corp. 31,290 1,360,489 TCF Financial Corp. 354,252 5,583,012 Territorial Bancorp, Inc. 20,417 615,164 #* Texas Capital Bancshares, Inc. 70,684 5,538,091 * Third Point Reinsurance, Ltd. 17,791 258,859 Timberland Bancorp, Inc. 7,880 212,445 Tiptree, Inc. 58,786 402,684 # Tompkins Financial Corp. 26,932 2,119,818 # Towne Bank 72,517 2,269,782 Trico Bancshares 34,902 1,287,884 #* TriState Capital Holdings, Inc. 23,618 543,214 TrustCo Bank Corp. NY 190,828 1,583,872 Trustmark Corp. 123,828 3,957,543 # UMB Financial Corp. 77,529 5,400,670 Umpqua Holdings Corp. 71,678 1,328,910 * Unico American Corp. 4,300 39,990 Union Bankshares Corp. 91,372 2,822,481 United Bancshares, Inc. 110 2,464 # United Bankshares, Inc. 162,418 5,603,421 # United Community Banks, Inc. 84,057 2,333,422 United Community Financial Corp. 46,769 430,275 United Financial Bancorp, Inc. 147,770 2,673,159 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) United Fire Group, Inc. 39,695 $ 1,791,038 # United Insurance Holdings Corp. 53,325 851,067 United Security Bancshares 7,256 68,206 Unity Bancorp, Inc. 7,598 140,563 Universal Insurance Holdings, Inc. 95,055 2,267,062 Univest Corp. of Pennsylvania 36,990 1,128,195 Validus Holdings, Ltd. 8,280 445,381 # Valley National Bancorp 555,117 6,594,790 Value Line, Inc. 4,136 73,166 * Veritex Holdings, Inc. 3,033 80,829 # Virtu Financial, Inc. Class A 5,767 95,444 # Virtus Investment Partners, Inc. 22,448 2,644,374 # Waddell & Reed Financial, Inc. Class A 9,551 197,419 * Walker & Dunlop, Inc. 57,225 2,875,556 Washington Federal, Inc. 213,015 7,125,352 Washington Trust Bancorp, Inc. 37,710 2,053,310 WashingtonFirst Bankshares, Inc. 958 32,802 Waterstone Financial, Inc. 83,681 1,577,387 Wayne Savings Bancshares, Inc. 132 2,297 # Webster Financial Corp. 125,318 6,507,764 WesBanco, Inc. 73,627 2,814,760 West Bancorporation, Inc. 44,860 1,031,780 # Westamerica Bancorporation 36,473 1,995,803 * Western Alliance Bancorp 103,252 5,201,836 Western New England Bancorp, Inc. 39,660 394,617 # Westwood Holdings Group, Inc. 17,956 1,058,506 Wintrust Financial Corp. 82,462 6,210,213 # WisdomTree Investments, Inc. 126,705 1,322,800 * World Acceptance Corp. 21,517 1,626,040 WSFS Financial Corp. 31,126 1,405,339 WVS Financial Corp. 700 11,239 * Xenith Bankshares, Inc. 458 12,906 ------------ Total Financials 578,830,328 ------------ Health Care -- (7.4%) # Abaxis, Inc. 20,277 953,019 * Accuray, Inc. 81,728 347,344 Aceto Corp. 70,011 1,181,786 #* Acorda Therapeutics, Inc. 18,229 394,658 #* Adamas Pharmaceuticals, Inc. 6,888 119,507 * Addus HomeCare Corp. 32,672 1,109,214 * Akorn, Inc. 45,613 1,533,509 #* Albany Molecular Research, Inc. 84,130 1,828,986 #* Alder Biopharmaceuticals, Inc. 33,768 363,006 * Aldeyra Therapeutics, Inc. 2,500 11,875 * Alere, Inc. 40,491 2,040,341 * Alliance HealthCare Services, Inc. 8,794 116,521 * Allscripts Healthcare Solutions, Inc. 324,401 3,993,376 * Almost Family, Inc. 31,609 1,563,065 #* AMAG Pharmaceuticals, Inc. 18,629 366,060 #* Amedisys, Inc. 66,217 3,136,037 #* AMN Healthcare Services, Inc. 86,819 3,203,621 #* Amphastar Pharmaceuticals, Inc. 61,154 1,056,741 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) Analogic Corp. 19,018 $1,335,064 * AngioDynamics, Inc. 56,468 917,605 #* ANI Pharmaceuticals, Inc. 22,982 1,119,913 #* Anika Therapeutics, Inc. 49,266 2,520,449 * Applied Genetic Technologies Corp. 2,700 12,825 * Aptevo Therapeutics, Inc. 35,902 66,060 #* Aralez Pharmaceuticals, Inc. 18,855 22,815 #* Aratana Therapeutics, Inc. 26,132 176,391 * Assembly Biosciences, Inc. 2,702 60,552 #* Atara Biotherapeutics, Inc. 3,802 57,981 Atrion Corp. 3,399 2,148,848 * Auxilio, Inc. 2,800 13,496 #* BioScrip, Inc. 5,314 15,357 * BioSpecifics Technologies Corp. 18,084 879,787 #* BioTelemetry, Inc. 102,457 3,504,029 * Bovie Medical Corp. 18,586 47,023 #* Brookdale Senior Living, Inc. 223,688 3,176,370 * Cambrex Corp. 72,842 4,443,362 Cantel Medical Corp. 83,217 6,174,701 #* Capital Senior Living Corp. 92,107 1,271,077 #* Cascadian Therapeutics, Inc. 2,700 11,043 * Catalyst Biosciences, Inc. 7,370 30,438 #* Celldex Therapeutics, Inc. 74,811 171,317 * Cellular Biomedicine Group, Inc. 367 3,156 * Charles River Laboratories International, Inc. 47,327 4,647,511 # Chemed Corp. 24,202 4,779,895 #* Chimerix, Inc. 54,820 272,455 #* Community Health Systems, Inc. 24,516 175,289 # Computer Programs & Systems, Inc. 14,301 438,326 * Concert Pharmaceuticals, Inc. 20,014 288,802 CONMED Corp. 47,238 2,424,254 #* Corcept Therapeutics, Inc. 8,480 105,746 * CorVel Corp. 44,234 2,103,327 * Cross Country Healthcare, Inc. 43,807 515,170 * CryoLife, Inc. 101,614 1,905,262 * Cumberland Pharmaceuticals, Inc. 38,108 256,086 * Cutera, Inc. 35,410 922,431 #* Cyclacel Pharmaceuticals, Inc. 1,633 2,727 * Cytokinetics, Inc. 63,202 887,988 #* Depomed, Inc. 186,091 1,918,598 #* Dicerna Pharmaceuticals, Inc. 5,800 21,808 Digirad Corp. 40,501 166,054 #* Eiger BioPharmaceuticals, Inc. 3,400 29,580 * Electromed, Inc. 5,621 34,625 #* Emergent BioSolutions, Inc. 69,905 2,542,445 * Enanta Pharmaceuticals, Inc. 52,726 2,009,388 #* Endo International P.L.C. 1,085 11,957 # Ensign Group, Inc. (The) 77,518 1,734,078 * Enzo Biochem, Inc. 126,223 1,369,520 #* Esperion Therapeutics, Inc. 16,863 763,725 * Exactech, Inc. 29,129 849,110 * Five Prime Therapeutics, Inc. 16,278 458,063 #* Fluidigm Corp. 11,092 41,706 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) * FONAR Corp. 620 $ 15,934 #* Genocea Biosciences, Inc. 25,150 143,104 #* Globus Medical, Inc. Class A 89,298 2,745,913 * Haemonetics Corp. 60,790 2,500,293 #* Halyard Health, Inc. 78,535 3,158,678 * Harvard Bioscience, Inc. 56,798 159,034 #* HealthEquity, Inc. 23,878 1,095,284 * HealthStream, Inc. 59,755 1,411,413 #* Heska Corp. 17,050 1,867,657 Hill-Rom Holdings, Inc. 87,296 6,505,298 * HMS Holdings Corp. 80,062 1,607,645 #* Horizon Pharma P.L.C. 741 8,877 * Icad, Inc. 2,400 9,360 #* ICU Medical, Inc. 24,253 4,169,091 #* Ignyta, Inc. 2,777 26,382 #* Impax Laboratories, Inc. 131,242 2,539,533 * INC Research Holdings, Inc. Class A 90,634 4,984,870 * Infinity Pharmaceuticals, Inc. 8,412 12,029 * InfuSystem Holdings, Inc. 3,700 6,845 * Innoviva, Inc. 44,340 608,345 * Inogen, Inc. 10,556 996,275 * Insys Therapeutics, Inc. 34,000 389,640 * Integer Holdings Corp. 61,421 2,813,082 #* Integra LifeSciences Holdings Corp. 104,090 5,169,109 #* Intra-Cellular Therapies, Inc. 18,016 208,445 # Invacare Corp. 53,961 844,490 * IRIDEX Corp. 11,951 112,339 #* K2M Group Holdings, Inc. 5,602 136,297 * Karyopharm Therapeutics, Inc. 10,305 86,974 Kewaunee Scientific Corp. 2,424 61,327 * Kindred Biosciences, Inc. 58,443 426,634 Kindred Healthcare, Inc. 126,005 1,127,745 Landauer, Inc. 16,164 880,130 #* Lannett Co., Inc. 69,926 1,422,994 * Lantheus Holdings, Inc. 38,305 706,727 # LeMaitre Vascular, Inc. 68,787 2,481,147 * LHC Group, Inc. 30,542 1,768,382 * LifePoint Health, Inc. 76,452 4,541,249 #* Ligand Pharmaceuticals, Inc. 21,940 2,652,765 #* Lipocine, Inc. 7,698 39,029 * LivaNova P.L.C. 47,657 2,904,218 Luminex Corp. 35,401 723,242 #* MacroGenics, Inc. 16,637 274,843 * Magellan Health, Inc. 46,779 3,487,374 * Masimo Corp. 61,683 5,835,212 #* Medicines Co. (The) 5,226 200,940 #* MediciNova, Inc. 3,294 17,162 # Meridian Bioscience, Inc. 100,946 1,367,818 * Merit Medical Systems, Inc. 73,976 3,033,016 #* Micron Solutions, Inc. 6,700 26,532 #* Mirati Therapeutics, Inc. 1,969 9,845 * Misonix, Inc. 1,809 15,377 #* Molina Healthcare, Inc. 83,231 5,559,831 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Health Care -- (Continued) #* Myriad Genetics, Inc. 100,045 $2,428,092 National HealthCare Corp. 24,420 1,591,451 National Research Corp. Class A 36,404 1,070,278 National Research Corp. Class B 5,881 296,638 * Natus Medical, Inc. 81,179 2,857,501 * Neogen Corp. 38,367 2,527,234 #* NeoGenomics, Inc. 29,008 274,126 * Neurotrope, Inc. 1,700 7,888 * NuVasive, Inc. 67,327 4,429,443 #* Nuvectra Corp. 29,708 346,395 #* Omnicell, Inc. 93,919 4,658,382 * OraSure Technologies, Inc. 184,502 3,236,165 * Orthofix International NV 41,036 1,780,142 #* Otonomy, Inc. 14,845 279,086 # Owens & Minor, Inc. 112,431 3,623,651 * PAREXEL International Corp. 71,310 6,241,051 # PDL BioPharma, Inc. 116,390 264,205 #* Pfenex, Inc. 3,793 16,500 * PharMerica Corp. 58,383 1,468,332 Phibro Animal Health Corp. Class A 1,500 57,300 #* Prestige Brands Holdings, Inc. 110,081 5,903,644 * Providence Service Corp. (The) 36,017 1,856,316 Psychemedics Corp. 3,560 90,994 #* PTC Therapeutics, Inc. 31,950 658,809 * Quality Systems, Inc. 13,650 233,415 #* Quidel Corp. 56,818 1,817,608 * R1 RCM, Inc. 9,709 32,914 * RadNet, Inc. 88,388 680,588 #* Recro Pharma, Inc. 12,141 92,393 #* Repligen Corp. 70,302 2,831,062 #* Retrophin, Inc. 44,081 892,199 * RTI Surgical, Inc. 100,996 575,677 * Sangamo Therapeutics, Inc. 46,998 404,183 * SciClone Pharmaceuticals, Inc. 158,494 1,735,509 #* SeaSpine Holdings Corp. 16,173 182,431 * Select Medical Holdings Corp. 206,482 3,345,008 Simulations Plus, Inc. 10,758 159,218 * Spectrum Pharmaceuticals, Inc. 146,219 1,090,794 #* Stemline Therapeutics, Inc. 13,186 121,311 #* Sucampo Pharmaceuticals, Inc. Class A 75,297 816,972 * Supernus Pharmaceuticals, Inc. 28,472 1,151,692 * Surmodics, Inc. 43,581 1,146,180 #* Tenet Healthcare Corp. 168,410 2,921,913 * Tetraphase Pharmaceuticals, Inc. 79,281 518,498 * Tivity Health, Inc. 75,463 2,992,108 #* Trevena, Inc. 95,385 248,955 * Triple-S Management Corp. Class B 36,746 568,828 US Physical Therapy, Inc. 29,093 1,835,768 Utah Medical Products, Inc. 9,884 682,984 #* Voyager Therapeutics, Inc. 1,700 14,008 * Wright Medical Group NV 5,877 154,389 * Zafgen, Inc. 12,398 41,905 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) * Zogenix, Inc. 36,081 $ 432,972 ------------ Total Health Care 240,755,131 ------------ Industrials -- (16.6%) # AAON, Inc. 102,100 3,450,980 AAR Corp. 58,300 2,180,420 ABM Industries, Inc. 105,080 4,688,670 * Acacia Research Corp. 75,278 259,709 * ACCO Brands Corp. 196,834 2,293,116 Acme United Corp. 9,989 276,396 # Actuant Corp. Class A 92,861 2,247,236 * Advisory Board Co. (The) 32,473 1,824,983 * Aegion Corp. 68,967 1,651,070 * Aerojet Rocketdyne Holdings, Inc. 106,243 2,491,398 #* Aerovironment, Inc. 44,904 1,696,922 # Air Lease Corp. 76,990 3,047,264 * Air Transport Services Group, Inc. 128,664 3,134,255 Alamo Group, Inc. 26,875 2,499,644 Albany International Corp. Class A 48,957 2,619,199 # Allegiant Travel Co. 24,377 3,150,727 Allied Motion Technologies, Inc. 23,886 706,787 Altra Industrial Motion Corp. 66,444 2,960,080 AMERCO 14,826 5,760,791 * Ameresco, Inc. Class A 5,434 35,593 # American Railcar Industries, Inc. 53,313 1,960,319 * American Woodmark Corp. 33,085 3,247,293 * AMREP Corp. 2,776 19,099 # Apogee Enterprises, Inc. 71,177 3,707,610 Applied Industrial Technologies, Inc. 61,312 3,464,128 * ARC Document Solutions, Inc. 50,518 174,792 ArcBest Corp. 49,492 1,375,878 Argan, Inc. 35,728 2,302,670 * Armstrong Flooring, Inc. 40,587 704,590 #* Armstrong World Industries, Inc. 64,806 3,146,331 * Arotech Corp. 4,464 16,070 Astec Industries, Inc. 37,599 1,890,102 * Astronics Corp. 30,147 881,800 #* Astronics Corp. Class B 3,707 108,708 * Atlas Air Worldwide Holdings, Inc. 35,913 2,133,232 #* Avis Budget Group, Inc. 141,110 4,343,366 #* Axon Enterprise, Inc. 117,616 2,892,177 AZZ, Inc. 40,206 2,038,444 #* Babcock & Wilcox Enterprises, Inc. 42,494 446,187 Barnes Group, Inc. 88,315 5,314,797 Barrett Business Services, Inc. 12,685 698,056 * Beacon Roofing Supply, Inc. 93,437 4,291,561 BG Staffing, Inc. 1,100 18,326 * Blue Bird Corp. 1,799 31,932 #* BlueLinx Holdings, Inc. 6,070 63,432 #* BMC Stock Holdings, Inc. 11,513 253,286 Brady Corp. Class A 53,643 1,780,948 Briggs & Stratton Corp. 78,708 1,843,341 Brink's Co. (The) 60,744 4,747,144 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) #* Builders FirstSource, Inc. 115,936 $1,816,717 BWX Technologies, Inc. 81,265 4,281,040 * CAI International, Inc. 29,554 775,201 * Casella Waste Systems, Inc. Class A 129,245 2,168,731 * CBIZ, Inc. 126,222 1,874,397 * CDI Corp. 27,084 223,443 CECO Environmental Corp. 57,039 550,997 # Celadon Group, Inc. 72,733 330,935 #* Cenveo, Inc. 1,680 10,080 * Chart Industries, Inc. 63,583 2,161,822 # Chicago Bridge & Iron Co. NV 89,401 1,675,375 Chicago Rivet & Machine Co. 841 30,898 CIRCOR International, Inc. 26,616 1,332,397 #* Clean Harbors, Inc. 71,561 4,064,665 Columbus McKinnon Corp. 45,359 1,170,262 Comfort Systems USA, Inc. 81,966 2,729,468 #* Command Security Corp. 11,180 35,441 * Commercial Vehicle Group, Inc. 32,788 287,879 CompX International, Inc. 2,107 30,552 * Continental Building Products, Inc. 37,208 818,576 * Continental Materials Corp. 135 3,011 Copa Holdings SA Class A 45,699 5,733,397 # Covanta Holding Corp. 196,365 2,965,111 * Covenant Transportation Group, Inc. Class A 33,399 626,231 #* CPI Aerostructures, Inc. 13,626 129,447 CRA International, Inc. 20,118 780,780 Crane Co. 46,833 3,535,891 * CSW Industrials, Inc. 518 20,228 Cubic Corp. 38,638 1,841,101 Curtiss-Wright Corp. 52,878 5,098,497 # Deluxe Corp. 66,377 4,792,419 * DigitalGlobe, Inc. 75,202 2,624,550 DMC Global, Inc. 22,988 319,533 Douglas Dynamics, Inc. 77,381 2,460,716 * Ducommun, Inc. 21,433 620,700 * DXP Enterprises, Inc. 34,946 999,106 #* Dycom Industries, Inc. 72,056 6,528,274 Eastern Co. (The) 4,559 132,667 #* Echo Global Logistics, Inc. 50,637 691,195 Ecology and Environment, Inc. Class A 920 11,500 EMCOR Group, Inc. 88,383 5,965,852 Encore Wire Corp. 41,411 1,846,931 EnerSys 68,976 4,984,896 * Engility Holdings, Inc. 44,886 1,309,325 Ennis, Inc. 59,205 1,139,696 EnPro Industries, Inc. 41,842 3,222,671 # EnviroStar, Inc. 837 21,218 ESCO Technologies, Inc. 41,752 2,576,098 Espey Manufacturing & Electronics Corp. 5,593 125,675 Essendant, Inc. 72,761 908,057 * Esterline Technologies Corp. 47,693 4,602,374 #* ExOne Co. (The) 1,980 22,315 # Exponent, Inc. 41,202 2,686,370 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) Federal Signal Corp. 148,867 $2,754,039 Forward Air Corp. 44,670 2,315,246 #* Franklin Covey Co. 41,960 782,554 Franklin Electric Co., Inc. 68,182 2,754,553 FreightCar America, Inc. 22,252 365,823 * FTI Consulting, Inc. 76,280 2,502,747 #* FuelCell Energy, Inc. 14,921 23,128 # GATX Corp. 50,628 3,130,329 * Gencor Industries, Inc. 16,411 263,397 #* Generac Holdings, Inc. 73,085 2,628,867 # General Cable Corp. 46,818 903,587 * Gibraltar Industries, Inc. 65,935 1,968,160 Global Brass & Copper Holdings, Inc. 65,930 2,113,056 * Goldfield Corp. (The) 83,139 424,009 Gorman-Rupp Co. (The) 63,308 1,913,168 * GP Strategies Corp. 48,022 1,375,830 Graham Corp. 22,927 458,769 # Granite Construction, Inc. 61,471 3,013,308 * Great Lakes Dredge & Dock Corp. 100,576 397,275 # Greenbrier Cos., Inc. (The) 56,814 2,556,630 Griffon Corp. 91,355 1,872,778 # H&E Equipment Services, Inc. 88,736 2,002,772 Hardinge, Inc. 21,112 255,455 * Harsco Corp. 50,987 787,749 * Hawaiian Holdings, Inc. 116,041 4,804,097 * HC2 Holdings, Inc. 4,201 25,248 # Healthcare Services Group, Inc. 58,187 3,040,271 # Heartland Express, Inc. 118,127 2,496,024 # HEICO Corp. 39,348 3,162,399 HEICO Corp. Class A 53,648 3,811,690 Heidrick & Struggles International, Inc. 43,109 780,273 #* Herc Holdings, Inc. 14,806 671,896 * Heritage-Crystal Clean, Inc. 2,793 52,508 Herman Miller, Inc. 84,012 2,829,104 * Hill International, Inc. 25,136 126,937 Hillenbrand, Inc. 77,974 2,807,064 # HNI Corp. 49,554 1,870,664 Houston Wire & Cable Co. 9,073 52,170 * Hub Group, Inc. Class A 59,170 2,014,738 Hudson Global, Inc. 18,612 24,940 #* Hudson Technologies, Inc. 137,273 1,110,539 Hurco Cos., Inc. 16,988 559,755 * Huron Consulting Group, Inc. 35,585 1,263,268 Hyster-Yale Materials Handling, Inc. 20,138 1,426,979 * ICF International, Inc. 50,356 2,278,609 * IES Holdings, Inc. 30,715 522,155 * InnerWorkings, Inc. 166,413 1,962,009 * Innovative Solutions & Support, Inc. 19,757 79,226 Insperity, Inc. 28,515 2,152,882 Insteel Industries, Inc. 63,280 1,665,530 # Interface, Inc. 122,955 2,329,997 * Intersections, Inc. 8,087 35,502 ITT, Inc. 16,509 676,869 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) # John Bean Technologies Corp. 62,171 $5,744,600 Kadant, Inc. 23,091 1,802,253 # Kaman Corp. 39,567 2,022,665 # KBR, Inc. 172,901 2,579,683 Kelly Services, Inc. Class A 39,956 889,820 Kennametal, Inc. 129,752 4,787,849 * Key Technology, Inc. 11,605 165,952 #* KEYW Holding Corp. (The) 16,940 149,580 Kforce, Inc. 92,120 1,722,644 Kimball International, Inc. Class B 127,863 2,131,476 #* Kirby Corp. 75,763 4,613,967 * KLX, Inc. 105,524 5,478,806 Knight Transportation, Inc. 148,455 5,292,421 Knoll, Inc. 61,882 1,198,036 Korn/Ferry International 98,690 3,301,180 #* Kratos Defense & Security Solutions, Inc. 129,909 1,429,649 Landstar System, Inc. 61,903 5,147,234 * Lawson Products, Inc. 15,368 354,232 * Layne Christensen Co. 10,704 113,355 LB Foster Co. Class A 13,957 245,643 Lindsay Corp. 14,054 1,288,330 LS Starrett Co. (The) Class A 5,520 44,160 LSC Communications, Inc. 9,131 195,221 LSI Industries, Inc. 61,182 512,093 * Lydall, Inc. 40,300 1,994,850 #* Manitowoc Co., Inc. (The) 250,889 1,432,576 Marten Transport, Ltd. 131,915 2,104,044 * MasTec, Inc. 126,820 5,859,084 Matson, Inc. 67,701 1,909,168 Matthews International Corp. Class A 50,900 3,336,495 McGrath RentCorp 35,076 1,246,250 #* Mercury Systems, Inc. 64,744 2,842,909 #* Meritor, Inc. 156,901 2,711,249 Miller Industries, Inc. 28,045 731,975 * Mistras Group, Inc. 45,562 918,074 Mobile Mini, Inc. 73,422 2,261,398 * Moog, Inc. Class A 39,951 2,969,158 * Moog, Inc. Class B 488 36,756 * MRC Global, Inc. 207,829 3,395,926 MSA Safety, Inc. 44,387 3,558,062 Mueller Industries, Inc. 93,865 2,956,747 Mueller Water Products, Inc. Class A 338,480 3,926,368 # Multi-Color Corp. 32,495 2,615,847 * MYR Group, Inc. 49,036 1,559,835 National Presto Industries, Inc. 9,004 1,018,352 * Navigant Consulting, Inc. 83,387 1,411,742 #* Navistar International Corp. 58,237 1,791,952 #* NCI Building Systems, Inc. 22,385 402,930 #* Neff Corp. Class A 9,870 207,270 #* NL Industries, Inc. 100,439 783,424 NN, Inc. 51,813 1,435,220 * Northwest Pipe Co. 19,996 302,140 * NOW, Inc. 166,866 2,658,175 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) #* NV5 Global, Inc. 18,128 $ 753,218 # Omega Flex, Inc. 20,621 1,238,085 * On Assignment, Inc. 101,799 5,013,601 Orbital ATK, Inc. 7,826 799,661 * Orion Group Holdings, Inc. 34,209 240,147 Oshkosh Corp. 21,021 1,447,506 * PAM Transportation Services, Inc. 9,811 171,987 Park-Ohio Holdings Corp. 33,070 1,314,533 * Patrick Industries, Inc. 34,912 2,656,803 * Patriot Transportation Holding, Inc. 5,218 104,386 * Perma-Pipe International Holdings, Inc. 11,947 94,381 #* PGT Innovations, Inc. 150,313 1,954,069 * Ply Gem Holdings, Inc. 33,894 593,145 Powell Industries, Inc. 18,183 579,129 * Power Solutions International, Inc. 464 4,640 # Preformed Line Products Co. 4,500 219,240 Primoris Services Corp. 84,394 2,103,098 Quad/Graphics, Inc. 24,907 559,411 Quanex Building Products Corp. 63,852 1,372,818 #* Radiant Logistics, Inc. 44,276 191,715 Raven Industries, Inc. 73,896 2,542,022 #* RBC Bearings, Inc. 30,823 3,185,249 * RCM Technologies, Inc. 22,513 119,769 Regal Beloit Corp. 76,789 6,400,363 Resources Connection, Inc. 83,449 1,114,044 #* Rexnord Corp. 86,966 2,014,133 * Roadrunner Transportation Systems, Inc. 16,892 117,906 * RPX Corp. 58,182 795,348 # RR Donnelley & Sons Co. 24,351 300,978 * Rush Enterprises, Inc. Class A 46,147 1,990,320 * Rush Enterprises, Inc. Class B 18,930 770,072 Ryder System, Inc. 1,354 98,517 * Saia, Inc. 68,445 3,719,986 Servotronics, Inc. 2,783 26,408 * SIFCO Industries, Inc. 11,271 75,516 Simpson Manufacturing Co., Inc. 87,482 3,874,578 SkyWest, Inc. 61,564 2,247,086 * SP Plus Corp. 32,706 1,069,486 * Sparton Corp. 31,536 727,220 Spartan Motors, Inc. 46,022 407,295 * SPX Corp. 37,644 1,035,963 * SPX FLOW, Inc. 48,510 1,720,165 Standex International Corp. 32,398 3,108,588 Steelcase, Inc. Class A 164,056 2,239,364 * Sterling Construction Co., Inc. 77,767 993,862 Sun Hydraulics Corp. 39,087 1,616,638 Supreme Industries, Inc. Class A 53,092 798,504 #* Swift Transportation Co. 91,199 2,325,574 #* Team, Inc. 64,366 923,652 * Teledyne Technologies, Inc. 14,770 2,013,742 Tennant Co. 21,936 1,657,265 # Terex Corp. 149,749 5,895,618 # Tetra Tech, Inc. 107,483 5,100,068 # Textainer Group Holdings, Ltd. 43,041 697,264 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) * Thermon Group Holdings, Inc. 37,700 $ 673,699 Timken Co. (The) 121,901 5,546,495 # Titan International, Inc. 96,288 1,227,672 * Titan Machinery, Inc. 23,050 411,443 * Trex Co., Inc. 29,232 2,198,539 * TriMas Corp. 81,389 1,981,822 * TriNet Group, Inc. 63,113 2,208,955 Triton International, Ltd. 55,575 2,004,034 # Triumph Group, Inc. 86,631 2,217,754 * TrueBlue, Inc. 72,527 1,853,065 * Tutor Perini Corp. 68,125 1,812,125 * Twin Disc, Inc. 20,814 352,173 * Ultralife Corp. 13,852 95,579 UniFirst Corp. 26,336 3,746,296 Universal Forest Products, Inc. 33,256 2,788,516 Universal Logistics Holdings, Inc. 22,538 327,928 # US Ecology, Inc. 42,546 2,208,137 * USA Truck, Inc. 4,125 38,198 Valmont Industries, Inc. 26,941 4,113,891 * Vectrus, Inc. 21,700 738,017 * Veritiv Corp. 4,740 176,091 Viad Corp. 43,595 2,334,512 * Vicor Corp. 22,326 396,287 * Virco Manufacturing Corp. 6,861 37,392 * Volt Information Sciences, Inc. 2,839 10,362 VSE Corp. 16,296 844,948 # Wabash National Corp. 102,957 1,964,420 Watsco, Inc. Class B 1,348 205,240 Watts Water Technologies, Inc. Class A 47,698 3,071,751 #* Welbilt, Inc. 245,801 4,790,661 # Werner Enterprises, Inc. 111,569 3,308,021 #* Wesco Aircraft Holdings, Inc. 111,899 1,214,104 * WESCO International, Inc. 48,617 2,491,621 West Corp. 41,969 980,816 * Willdan Group, Inc. 28,792 967,699 * Willis Lease Finance Corp. 11,622 293,804 Woodward, Inc. 49,564 3,466,506 * Xerium Technologies, Inc. 14,118 102,638 #* XPO Logistics, Inc. 51,952 3,122,835 #* YRC Worldwide, Inc. 115,817 1,539,208 ------------ Total Industrials 539,348,354 ------------ Information Technology -- (12.9%) * ACI Worldwide, Inc. 161,248 3,736,116 * Actua Corp. 79,786 1,077,111 * Acxiom Corp. 128,872 3,475,678 ADTRAN, Inc. 81,429 1,909,510 * Advanced Energy Industries, Inc. 84,565 6,135,191 * Agilysys, Inc. 45,849 461,241 * Alpha & Omega Semiconductor, Ltd. 41,052 726,620 American Software, Inc. Class A 62,077 602,147 * Amkor Technology, Inc. 405,394 4,203,936 * Amtech Systems, Inc. 19,414 171,426 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) #* Angie's List, Inc. 13,651 $ 163,539 * Anixter International, Inc. 43,771 3,446,966 #* Aspen Technology, Inc. 33,287 1,893,032 AstroNova, Inc. 5,157 71,167 #* Asure Software, Inc. 10,485 137,563 * Aviat Networks, Inc. 1,123 21,124 #* Avid Technology, Inc. 135,597 698,325 AVX Corp. 67,811 1,211,783 * Aware, Inc. 33,612 154,615 * Axcelis Technologies, Inc. 72,460 1,608,612 * AXT, Inc. 73,940 646,975 # Badger Meter, Inc. 63,572 2,876,633 * Bankrate, Inc. 51,796 719,964 * Barracuda Networks, Inc. 44,186 992,859 * Bazaarvoice, Inc. 56,073 263,543 Bel Fuse, Inc. Class A 2,683 58,221 Bel Fuse, Inc. Class B 23,464 592,466 # Belden, Inc. 65,597 4,719,048 * Benchmark Electronics, Inc. 66,556 2,239,609 Black Box Corp. 42,095 332,551 # Blackbaud, Inc. 63,914 5,901,819 #* Blackhawk Network Holdings, Inc. 46,589 2,033,610 #* Blucora, Inc. 92,763 2,077,891 * Bottomline Technologies de, Inc. 37,887 1,079,022 #* Brightcove, Inc. 5,662 37,935 #* BroadSoft, Inc. 4,362 192,146 Brooks Automation, Inc. 96,735 2,375,812 * BSQUARE Corp. 24,386 139,000 Cabot Microelectronics Corp. 36,239 2,687,122 * CACI International, Inc. Class A 40,266 5,037,277 #* CalAmp Corp. 107,848 2,059,897 * Calix, Inc. 47,390 324,622 #* Carbonite, Inc. 65,513 1,546,107 #* Cardtronics P.L.C. Class A 50,805 1,590,196 Cass Information Systems, Inc. 24,010 1,583,700 #* Cavium, Inc. 14,847 919,623 #* Ceva, Inc. 37,919 1,753,754 #* Ciena Corp. 107,766 2,774,974 #* Cimpress NV 38,771 3,421,153 #* Cirrus Logic, Inc. 125,945 7,738,061 * Clearfield, Inc. 33,636 386,814 * Coherent, Inc. 26,801 7,102,265 Cohu, Inc. 40,864 744,542 * CommerceHub, Inc. Series A 7,702 140,484 # Communications Systems, Inc. 15,595 67,059 Computer Task Group, Inc. 35,882 198,069 Comtech Telecommunications Corp. 36,702 660,636 Concurrent Computer Corp. 10,672 71,929 #* Conduent, Inc. 176,283 2,910,432 * Control4 Corp. 50,469 1,153,217 Convergys Corp. 170,395 4,084,368 * CoreLogic, Inc. 91,247 4,156,301 * Cray, Inc. 94,103 1,938,522 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) #* Cree, Inc. 109,139 $2,827,791 CSG Systems International, Inc. 71,089 2,939,530 CSP, Inc. 2,788 28,605 CTS Corp. 72,034 1,584,748 * CyberOptics Corp. 22,869 377,339 # Cypress Semiconductor Corp. 342,998 4,870,572 # Daktronics, Inc. 90,482 884,914 * Datawatch Corp. 2,100 23,835 * DHI Group, Inc. 135,341 297,750 # Diebold Nixdorf, Inc. 58,486 1,368,572 * Digi International, Inc. 39,512 412,900 * Diodes, Inc. 47,331 1,255,691 * DSP Group, Inc. 52,899 666,527 * Eastman Kodak Co. 24,563 233,349 # Ebix, Inc. 42,888 2,476,782 * Edgewater Technology, Inc. 10,739 76,140 * Electro Scientific Industries, Inc. 46,663 403,635 #* Electronics for Imaging, Inc. 66,927 3,251,314 #* Ellie Mae, Inc. 22,063 1,924,335 Emcore Corp. 32,553 377,615 #* Endurance International Group Holdings, Inc. 17,792 164,576 * EnerNOC, Inc. 75,042 574,071 * Entegris, Inc. 204,204 5,329,724 #* Envestnet, Inc. 21,270 830,593 * EPAM Systems, Inc. 34,806 2,990,880 * ePlus, Inc. 39,060 3,159,954 #* Euronet Worldwide, Inc. 57,062 5,512,760 * Everi Holdings, Inc. 16,971 126,604 * Evolving Systems, Inc. 1,888 9,251 * Exa Corp. 2,104 29,730 * ExlService Holdings, Inc. 38,784 2,232,019 * Extreme Networks, Inc. 151,940 1,335,553 #* Fabrinet 53,402 2,403,624 # Fair Isaac Corp. 47,990 6,840,974 * FARO Technologies, Inc. 36,311 1,434,284 #* Finisar Corp. 183,794 5,002,873 * Finjan Holdings, Inc. 3,574 11,222 * FormFactor, Inc. 129,473 1,696,096 Forrester Research, Inc. 35,124 1,433,059 * Frequency Electronics, Inc. 20,450 175,870 GlobalSCAPE, Inc. 12,700 64,770 #* GrubHub, Inc. 29,954 1,381,778 * GSE Systems, Inc. 17,551 49,143 * GSI Technology, Inc. 38,850 282,051 #* GTT Communications, Inc. 83,621 2,554,622 Hackett Group, Inc. (The) 101,230 1,662,197 #* Harmonic, Inc. 259,051 1,062,109 * ID Systems, Inc. 17,848 121,902 * IEC Electronics Corp. 9,604 37,744 * II-VI, Inc. 74,107 2,823,477 * Image Sensing Systems, Inc. 700 2,520 #* Immersion Corp. 10,868 92,813 #* Infinera Corp. 167,091 1,959,977 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) #* Information Services Group, Inc. 4,734 $ 19,078 * Innodata, Inc. 37,479 63,714 * Insight Enterprises, Inc. 60,629 2,456,687 #* Integrated Device Technology, Inc. 216,250 5,652,775 InterDigital, Inc. 49,707 3,621,155 #* Internap Corp. 101,264 384,803 * inTEST Corp. 3,696 32,155 * Intevac, Inc. 16,318 185,209 #* IntriCon Corp. 15,654 117,405 * Inuvo, Inc. 8,626 9,297 * Iteris, Inc. 41,957 263,910 * Itron, Inc. 48,320 3,527,360 IXYS Corp. 73,134 1,272,532 # j2 Global, Inc. 42,640 3,608,623 * Kemet Corp. 46,836 789,187 * Key Tronic Corp. 24,700 179,569 * Kimball Electronics, Inc. 53,467 1,039,933 #* Knowles Corp. 75,401 1,142,325 #* Kopin Corp. 125,816 478,101 * Kulicke & Soffa Industries, Inc. 117,342 2,527,547 * KVH Industries, Inc. 32,803 357,553 * Lattice Semiconductor Corp. 307,468 2,139,977 * Leaf Group, Ltd. 44,922 339,161 * Lightpath Technologies, Inc. Class A 17,278 44,577 * Limelight Networks, Inc. 76,910 263,032 * Liquidity Services, Inc. 28,080 190,944 # Littelfuse, Inc. 31,974 5,761,075 #* LivePerson, Inc. 10,297 139,524 * Luxoft Holding, Inc. 361 22,725 #* MACOM Technology Solutions Holdings, Inc. 4,130 250,072 #* MagnaChip Semiconductor Corp. 13,480 146,932 #* Manhattan Associates, Inc. 116,009 5,127,598 ManTech International Corp. Class A 39,176 1,556,071 * Marchex, Inc. Class B 36,496 105,838 MAXIMUS, Inc. 8,797 530,987 #* MaxLinear, Inc. 29,847 781,991 * Maxwell Technologies, Inc. 32,591 190,657 #* Meet Group, Inc.(The) 161,078 808,612 # Mesa Laboratories, Inc. 7,628 1,102,475 Methode Electronics, Inc. 93,235 3,706,091 * Microsemi Corp. 23,108 1,203,465 * MicroStrategy, Inc. Class A 7,319 984,479 MKS Instruments, Inc. 93,116 7,789,153 #* ModusLink Global Solutions, Inc. 31,976 53,720 #* MoneyGram International, Inc. 33,815 551,861 # Monolithic Power Systems, Inc. 65,929 6,745,855 Monotype Imaging Holdings, Inc. 71,866 1,354,674 # MTS Systems Corp. 21,555 1,135,948 * Nanometrics, Inc. 61,566 1,640,734 * Napco Security Technologies, Inc. 32,718 299,370 * NCI, Inc. Class A 10,245 204,388 #* NCR Corp. 10,334 391,142 #* NeoPhotonics Corp. 149,245 1,204,407 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Information Technology -- (Continued) * NETGEAR, Inc. 60,312 $2,888,945 #* Netscout Systems, Inc. 136,449 4,707,490 Network-1 Technologies, Inc. 5,865 25,220 NIC, Inc. 48,076 781,235 * Novanta, Inc. 68,099 2,512,853 #* Numerex Corp. Class A 25,228 119,455 # NVE Corp. 4,410 347,861 #* Onvia, Inc. 3,803 17,114 * Optical Cable Corp. 13,961 31,412 #* OSI Systems, Inc. 30,939 2,474,192 * PAR Technology Corp. 10,380 93,005 Park Electrochemical Corp. 35,823 673,114 #* Paycom Software, Inc. 62,171 4,357,565 PC Connection, Inc. 61,775 1,593,795 PC-Tel, Inc. 25,090 178,390 * PCM, Inc. 40,249 498,081 #* PDF Solutions, Inc. 79,596 1,277,516 Pegasystems, Inc. 83,739 5,062,023 * Perceptron, Inc. 18,891 137,149 * Perficient, Inc. 75,140 1,412,632 * Photronics, Inc. 150,307 1,510,585 #* Planet Payment, Inc. 85,243 276,187 Plantronics, Inc. 46,900 2,118,942 * Plexus Corp. 61,467 3,295,246 Power Integrations, Inc. 32,553 2,299,869 * PRGX Global, Inc. 10,132 63,325 Progress Software Corp. 87,734 2,808,365 QAD, Inc. Class A 25,004 783,875 QAD, Inc. Class B 4,173 108,248 * Quantum Corp. 5,414 43,853 * QuinStreet, Inc. 18,008 70,051 * Radisys Corp. 25,071 61,173 * Rambus, Inc. 101,899 1,313,478 * RealNetworks, Inc. 80,180 348,783 Reis, Inc. 23,164 495,710 Relm Wireless Corp. 29,676 105,350 Richardson Electronics, Ltd. 17,100 100,206 * Rogers Corp. 28,758 3,392,581 * Rosetta Stone, Inc. 9,240 95,726 * Rubicon Project, Inc. (The) 17,885 84,060 * Rudolph Technologies, Inc. 106,651 2,639,612 * Sanmina Corp. 148,533 5,324,908 #* Sapiens International Corp. NV 1,000 11,930 * ScanSource, Inc. 42,641 1,688,584 Science Applications International Corp. 61,971 4,363,378 * Seachange International, Inc. 74,437 211,401 * Semtech Corp. 80,651 3,193,780 * ServiceSource International, Inc. 3,100 11,780 #* Sevcon, Inc. 4,832 105,579 * ShoreTel, Inc. 151,209 1,126,507 * Sigma Designs, Inc. 58,598 380,887 * Silicon Laboratories, Inc. 58,169 4,368,492 #* Silver Spring Networks, Inc. 13,001 147,041 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * SolarEdge Technologies, Inc. 705 $ 16,180 * Sonus Networks, Inc. 91,176 622,732 #* Stamps.com, Inc. 23,569 3,490,569 * StarTek, Inc. 25,529 314,007 * Stratasys, Ltd. 441 10,580 #* SunPower Corp. 20,122 224,159 * Super Micro Computer, Inc. 68,033 1,826,686 * Sykes Enterprises, Inc. 84,905 2,886,770 #* Synaptics, Inc. 38,117 2,005,335 #* Synchronoss Technologies, Inc. 36,269 612,221 SYNNEX Corp. 51,712 6,149,591 Systemax, Inc. 67,300 1,219,476 #* Tech Data Corp. 67,291 6,890,598 #* TechTarget, Inc. 19,787 189,757 * Telenav, Inc. 58,163 436,223 TeleTech Holdings, Inc. 66,645 2,785,761 Tessco Technologies, Inc. 15,187 202,746 TiVo Corp. 99,652 1,953,179 TransAct Technologies, Inc. 19,291 170,725 Travelport Worldwide, Ltd. 175,818 2,514,197 * Travelzoo 9,516 99,918 #* TTM Technologies, Inc. 182,139 3,165,576 #* Ubiquiti Networks, Inc. 62,337 3,397,366 * Ultra Clean Holdings, Inc. 68,590 1,608,435 #* Unisys Corp. 42,916 549,325 # Universal Display Corp. 11,691 1,409,935 * VASCO Data Security International, Inc. 18,622 251,397 * Veeco Instruments, Inc. 82,687 2,546,760 #* VeriFone Systems, Inc. 39,729 775,113 * Verint Systems, Inc. 52,764 2,092,093 Versum Materials, Inc. 57,367 2,022,760 #* ViaSat, Inc. 50,924 3,365,567 #* Viavi Solutions, Inc. 108,328 1,188,358 * Virtusa Corp. 62,570 2,074,195 # Vishay Intertechnology, Inc. 235,440 4,202,604 * Vishay Precision Group, Inc. 12,904 225,820 Wayside Technology Group, Inc. 12,677 218,044 * Web.com Group, Inc. 54,026 1,185,871 #* WebMD Health Corp. 49,476 3,277,785 * Xcerra Corp. 78,910 766,216 * XO Group, Inc. 84,012 1,535,739 # Xperi Corp. 70,571 2,064,202 YuMe, Inc. 11,122 48,269 * Zedge, Inc. Class B 17,051 35,296 * Zix Corp. 140,444 748,567 #* Zynga, Inc. Class A 1,611,163 5,816,298 ------------ Total Information Technology 419,734,687 ------------ Materials -- (4.8%) A Schulman, Inc. 41,491 1,091,213 #* AdvanSix, Inc. 6,765 226,492 #* AgroFresh Solutions, Inc. 5,100 39,780 #* AK Steel Holding Corp. 400,486 2,266,751 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) American Vanguard Corp. 51,154 $ 905,426 Ampco-Pittsburgh Corp. 4,698 67,886 # Balchem Corp. 43,731 3,393,526 * Boise Cascade Co. 37,003 1,123,041 Cabot Corp. 72,120 3,918,280 Calgon Carbon Corp. 80,783 1,292,528 # Carpenter Technology Corp. 90,362 3,653,336 #* Century Aluminum Co. 139,401 2,339,149 Chase Corp. 20,838 2,251,546 * Clearwater Paper Corp. 27,359 1,344,695 #* Cliffs Natural Resources, Inc. 397,434 3,068,190 # Commercial Metals Co. 198,664 3,695,150 # Compass Minerals International, Inc. 52,075 3,595,779 * Core Molding Technologies, Inc. 24,525 467,692 Deltic Timber Corp. 18,393 1,326,687 Domtar Corp. 95,895 3,745,659 Eagle Materials, Inc. 24,133 2,270,915 * Ferro Corp. 72,842 1,401,480 # Ferroglobe P.L.C. 1,925 24,601 #* Flotek Industries, Inc. 39,200 330,064 Friedman Industries, Inc. 6,930 37,561 FutureFuel Corp. 40,286 586,564 * GCP Applied Technologies, Inc. 65,112 1,972,894 # Gold Resource Corp. 28,063 118,987 Graphic Packaging Holding Co. 87,723 1,157,066 Greif, Inc. Class A 27,008 1,514,879 Greif, Inc. Class B 1,956 117,164 #* Handy & Harman, Ltd. 105 3,475 Hawkins, Inc. 22,157 995,957 Haynes International, Inc. 22,213 694,823 # HB Fuller Co. 77,597 3,997,797 # Hecla Mining Co. 694,395 3,756,677 Huntsman Corp. 103,172 2,746,439 * Ingevity Corp. 56,174 3,286,179 Innophos Holdings, Inc. 31,492 1,315,421 Innospec, Inc. 44,918 2,802,883 #* Intrepid Potash, Inc. 9,669 29,297 Kaiser Aluminum Corp. 33,977 3,305,622 KapStone Paper and Packaging Corp. 158,071 3,613,503 # KMG Chemicals, Inc. 41,066 2,078,761 * Koppers Holdings, Inc. 25,707 933,164 * Kraton Corp. 61,782 2,298,290 # Kronos Worldwide, Inc. 33,908 722,919 * Louisiana-Pacific Corp. 206,881 5,194,782 #* LSB Industries, Inc. 24,127 170,819 Materion Corp. 41,809 1,607,556 Mercer International, Inc. 86,611 952,721 Minerals Technologies, Inc. 44,730 3,166,884 Myers Industries, Inc. 104,040 1,768,680 Neenah Paper, Inc. 39,603 3,164,280 * Northern Technologies International Corp. 7,993 145,872 Olin Corp. 9,622 283,657 Olympic Steel, Inc. 14,385 245,840 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Materials -- (Continued) * OMNOVA Solutions, Inc. 137,070 $ 1,288,458 PH Glatfelter Co. 71,213 1,457,730 # PolyOne Corp. 131,230 4,800,393 Quaker Chemical Corp. 33,824 4,798,611 Rayonier Advanced Materials, Inc. 103,170 1,538,265 * Real Industry, Inc. 14,702 43,371 #* Resolute Forest Products, Inc. 35,756 166,265 # Royal Gold, Inc. 19,463 1,686,664 * Ryerson Holding Corp. 67,915 587,465 # Schnitzer Steel Industries, Inc. Class A 73,482 1,895,836 Schweitzer-Mauduit International, Inc. 51,595 1,982,280 Sensient Technologies Corp. 73,966 5,500,112 # Silgan Holdings, Inc. 111,131 3,367,269 Stepan Co. 32,163 2,642,834 * SunCoke Energy, Inc. 74,320 665,164 * Synalloy Corp. 13,501 152,561 #* TimkenSteel Corp. 48,372 768,631 * Trecora Resources 21,315 246,188 Tredegar Corp. 49,089 741,244 Trinseo SA 74,018 5,203,465 # Tronox, Ltd. Class A 113,438 2,198,428 * UFP Technologies, Inc. 2,080 60,008 United States Lime & Minerals, Inc. 14,060 1,141,953 # United States Steel Corp. 315,227 7,404,682 * Universal Stainless & Alloy Products, Inc. 8,920 169,480 #* US Concrete, Inc. 19,220 1,505,887 # Worthington Industries, Inc. 98,879 5,010,199 ------------ Total Materials 155,650,722 ------------ Real Estate -- (0.4%) Alexander & Baldwin, Inc. 86,469 3,625,645 * Altisource Asset Management Corp. 2,193 201,756 #* Altisource Portfolio Solutions SA 23,107 602,862 CKX Lands, Inc. 702 8,038 Consolidated-Tomoka Land Co. 13,963 774,109 * Forestar Group, Inc. 57,473 985,662 * FRP Holdings, Inc. 17,110 789,627 Griffin Industrial Realty, Inc. 3,886 125,090 HFF, Inc. Class A 61,259 2,249,430 Kennedy-Wilson Holdings, Inc. 61,460 1,235,346 #* Marcus & Millichap, Inc. 7,254 185,702 # RE/MAX Holdings, Inc. Class A 3,457 201,025 RMR Group, Inc. (The) Class A 4,385 214,207 #* St Joe Co. (The) 16,540 298,547 Stratus Properties, Inc. 12,677 363,196 #* Tejon Ranch Co. 37,763 792,268 ------------ Total Real Estate 12,652,510 ------------ Telecommunication Services -- (1.0%) ATN International, Inc. 26,846 1,557,068 * Boingo Wireless, Inc. 114,455 1,697,368 #* Cincinnati Bell, Inc. 79,811 1,488,475 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Telecommunication Services -- (Continued) # Cogent Communications Holdings, Inc. 87,512 $ 3,653,626 Consolidated Communications Holdings, Inc. 86,440 1,555,920 * General Communication, Inc. Class A 98,613 4,207,817 * Hawaiian Telcom Holdco, Inc. 3,903 114,124 # IDT Corp. Class B 78,779 1,166,717 #* Iridium Communications, Inc. 112,323 1,117,614 * Lumos Networks Corp. 39,867 714,018 #* ORBCOMM, Inc. 172,328 2,000,728 Shenandoah Telecommunications Co. 103,180 3,172,785 Spok Holdings, Inc. 50,965 835,826 #* Straight Path Communications, Inc. Class B 5,160 925,704 Telephone & Data Systems, Inc. 187,876 5,341,315 * United States Cellular Corp. 15,228 576,836 * Vonage Holdings Corp. 386,922 2,557,554 # Windstream Holdings, Inc. 160,561 608,526 ----------- Total Telecommunication Services 33,292,021 ----------- Utilities -- (3.3%) # ALLETE, Inc. 64,992 4,761,964 American States Water Co. 63,356 3,132,954 Artesian Resources Corp. Class A 21,175 823,496 # Atlantica Yield PLC 735 15,883 # Avista Corp. 106,134 5,583,710 # Black Hills Corp. 75,388 5,251,528 # California Water Service Group 84,987 3,305,994 Chesapeake Utilities Corp. 33,157 2,561,378 Connecticut Water Service, Inc. 27,163 1,547,748 Consolidated Water Co., Ltd. 22,624 291,850 Delta Natural Gas Co., Inc. 19,348 588,760 #* Dynegy, Inc. 151,616 1,361,512 El Paso Electric Co. 68,846 3,573,107 Gas Natural, Inc. 13,086 169,464 # Genie Energy, Ltd. Class B 48,416 320,998 # Hawaiian Electric Industries, Inc. 33,010 1,089,000 IDACORP, Inc. 56,216 4,854,814 # MGE Energy, Inc. 49,729 3,309,465 Middlesex Water Co. 37,448 1,469,460 New Jersey Resources Corp. 145,601 6,137,082 Northwest Natural Gas Co. 46,618 2,941,596 # NorthWestern Corp. 71,197 4,114,475 # NRG Yield, Inc. Class A 40,679 741,578 # NRG Yield, Inc. Class C 61,410 1,142,226 ONE Gas, Inc. 73,184 5,326,331 # Ormat Technologies, Inc. 52,901 3,137,029 Otter Tail Corp. 45,838 1,854,147 # Pattern Energy Group, Inc. 24,149 606,140 PNM Resources, Inc. 135,652 5,405,732 Portland General Electric Co. 98,225 4,389,675 # RGC Resources, Inc. 20,344 546,236 SJW Corp. 40,978 2,166,507 # South Jersey Industries, Inc. 98,964 3,361,807 Southwest Gas Holdings, Inc. 70,456 5,643,526 # Spark Energy, Inc. Class A 15,668 325,894 TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Utilities -- (Continued) # Spire, Inc. 73,831 $ 5,360,131 Unitil Corp. 37,741 1,915,356 # WGL Holdings, Inc. 82,214 7,047,384 York Water Co. (The) 30,213 1,051,412 -------------- Total Utilities 107,227,349 -------------- TOTAL COMMON STOCKS 2,731,148,228 -------------- TOTAL INVESTMENT SECURITIES 2,731,148,228 -------------- TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% 3,661,729 3,661,729 -------------- SECURITIES LENDING COLLATERAL -- (15.9%) (S)@ DFA Short Term Investment Fund 44,528,839 515,287,725 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,068,791,241)^^ $3,250,097,682 ============== TAX-MANAGED U.S. SMALL CAP PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary $ 419,111,927 $ 130,724 -- $ 419,242,651 Consumer Staples 111,758,079 -- -- 111,758,079 Energy 112,656,396 -- -- 112,656,396 Financials 578,830,328 -- -- 578,830,328 Health Care 240,755,131 -- -- 240,755,131 Industrials 539,348,354 -- -- 539,348,354 Information Technology 419,734,687 -- -- 419,734,687 Materials 155,650,722 -- -- 155,650,722 Real Estate 12,652,510 -- -- 12,652,510 Telecommunication Services 33,292,021 -- -- 33,292,021 Utilities 107,227,349 -- -- 107,227,349 Temporary Cash Investments 3,661,729 -- -- 3,661,729 Securities Lending Collateral -- 515,287,725 -- 515,287,725 -------------- ------------ -- -------------- TOTAL $2,734,679,233 $515,418,449 -- $3,250,097,682 ============== ============ == ============== T.A. U.S. CORE EQUITY 2 PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (90.4%) Consumer Discretionary -- (13.4%) * 1-800-Flowers.com, Inc. Class A 39,679 $ 382,902 A.H. Belo Corp. Class A 17,110 90,683 Aaron's, Inc. 99,577 4,608,424 # Abercrombie & Fitch Co. Class A 9,861 97,032 Adient P.L.C. 42,085 2,755,305 # Adtalem Global Education, Inc. 59,806 1,943,695 Advance Auto Parts, Inc. 39,131 4,383,063 * Amazon.com, Inc. 42,812 42,288,837 # AMC Entertainment Holdings, Inc. Class A 45,784 933,994 #* AMC Networks, Inc. Class A 27,028 1,728,441 AMCON Distributing Co. 116 11,246 * America's Car-Mart, Inc. 11,173 437,982 #* American Axle & Manufacturing Holdings, Inc. 110,619 1,630,524 # American Eagle Outfitters, Inc. 280,080 3,316,147 #* American Outdoor Brands Corp. 67,901 1,403,514 * American Public Education, Inc. 12,318 262,373 Aramark 156,554 6,240,242 Ark Restaurants Corp. 2,015 45,821 #* Asbury Automotive Group, Inc. 32,529 1,756,566 #* Ascena Retail Group, Inc. 68,022 159,171 * Ascent Capital Group, Inc. Class A 10,749 181,658 # Autoliv, Inc. 32,952 3,571,667 #* AutoNation, Inc. 112,042 4,748,340 #* AutoZone, Inc. 2,987 1,612,442 #* AV Homes, Inc. 5,676 91,100 * Ballantyne Strong, Inc. 7,721 52,503 #* Barnes & Noble Education, Inc. 35,246 254,829 Barnes & Noble, Inc. 63,650 518,747 Bassett Furniture Industries, Inc. 6,115 227,478 BBX Capital Corp. 5,562 34,262 # Beasley Broadcast Group, Inc. Class A 2,443 25,652 #* Beazer Homes USA, Inc. 9,480 125,705 # Bed Bath & Beyond, Inc. 97,071 2,902,423 * Belmond, Ltd. Class A 99,747 1,301,698 Best Buy Co., Inc. 249,123 14,533,836 # Big 5 Sporting Goods Corp. 20,304 218,268 # Big Lots, Inc. 86,532 4,298,044 * Biglari Holdings, Inc. 556 208,122 * BJ's Restaurants, Inc. 22,212 784,084 # Bloomin' Brands, Inc. 125,013 2,178,977 # Bob Evans Farms, Inc. 20,767 1,436,661 * Bojangles', Inc. 13,307 176,983 #* Boot Barn Holdings, Inc. 9,656 77,345 # BorgWarner, Inc. 79,076 3,696,012 Bowl America, Inc. Class A 1,280 18,716 # Boyd Gaming Corp. 22,632 567,158 * Bridgepoint Education, Inc. 40,068 389,060 * Bright Horizons Family Solutions, Inc. 33,989 2,685,471 # Brinker International, Inc. 30,830 1,093,540 Brunswick Corp. 94,399 5,343,927 # Buckle, Inc. (The) 14,000 239,400 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Buffalo Wild Wings, Inc. 21,731 $ 2,336,082 #* Build-A-Bear Workshop, Inc. 16,984 163,046 #* Burlington Stores, Inc. 26,879 2,339,279 * Cabela's, Inc. 95,149 5,421,590 # Cable One, Inc. 4,983 3,786,582 * CafePress, Inc. 1,005 1,849 # CalAtlantic Group, Inc. 112,750 3,957,525 Caleres, Inc. 45,009 1,227,846 Callaway Golf Co. 89,619 1,140,850 * Cambium Learning Group, Inc. 39,240 193,061 Canterbury Park Holding Corp. 200 2,320 Capella Education Co. 17,816 1,223,959 * Career Education Corp. 95,931 806,780 #* CarMax, Inc. 129,242 8,562,282 Carnival Corp. 88,723 5,924,922 # Carriage Services, Inc. 20,519 500,458 #* Carrols Restaurant Group, Inc. 55,542 677,612 # Carter's, Inc. 36,295 3,147,865 # Cato Corp. (The) Class A 24,857 422,818 * Cavco Industries, Inc. 6,607 861,553 CBS Corp. Class B 146,185 9,623,359 CBS Corp. Class A 3,886 256,826 * Century Casinos, Inc. 3,288 23,641 #* Century Communities, Inc. 12,460 322,714 * Charter Communications, Inc. Class A 76,071 29,812,986 # Cheesecake Factory, Inc. (The) 62,573 2,977,223 * Cherokee, Inc. 6,872 36,078 # Chico's FAS, Inc. 190,444 1,742,563 # Children's Place, Inc. (The) 34,150 3,607,947 #* Chipotle Mexican Grill, Inc. 4,600 1,581,342 Choice Hotels International, Inc. 23,511 1,519,986 #* Christopher & Banks Corp. 2,351 3,315 # Churchill Downs, Inc. 3,697 691,524 #* Chuy's Holdings, Inc. 19,205 452,278 # Cinemark Holdings, Inc. 147,265 5,728,608 Citi Trends, Inc. 15,913 352,473 Clear Channel Outdoor Holdings, Inc. Class A 27,964 141,777 ClubCorp Holdings, Inc. 70,013 1,186,720 Coach, Inc. 136,431 6,431,357 Collectors Universe, Inc. 5,144 127,983 # Columbia Sportswear Co. 51,568 3,123,989 Comcast Corp. Class A 2,060,356 83,341,400 #* Conn's, Inc. 11,469 245,437 # Cooper Tire & Rubber Co. 75,654 2,765,154 #* Cooper-Standard Holdings, Inc. 22,500 2,300,850 # Core-Mark Holding Co., Inc. 41,734 1,530,386 Cracker Barrel Old Country Store, Inc. 22,541 3,503,998 * Crocs, Inc. 48,997 389,036 CSS Industries, Inc. 200 5,354 Culp, Inc. 17,140 514,200 Dana, Inc. 225,562 5,350,331 Darden Restaurants, Inc. 70,951 5,951,370 * Dave & Buster's Entertainment, Inc. 58,752 3,649,087 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) * Deckers Outdoor Corp. 32,868 $ 2,131,818 #* Del Frisco's Restaurant Group, Inc. 11,313 160,645 #* Del Taco Restaurants, Inc. 14,455 189,216 Delphi Automotive P.L.C. 20,328 1,838,058 * Delta Apparel, Inc. 6,871 144,497 #* Denny's Corp. 65,165 740,274 * Destination Maternity Corp. 9,223 14,111 #* Destination XL Group, Inc. 51,876 103,752 Dick's Sporting Goods, Inc. 93,701 3,498,795 # Dillard's, Inc. Class A 39,857 2,942,244 # DineEquity, Inc. 24,514 1,008,506 #* Discovery Communications, Inc. Class A 93,472 2,299,411 * Discovery Communications, Inc. Class B 1,077 29,160 * Discovery Communications, Inc. Class C 128,860 2,980,532 #* DISH Network Corp. Class A 27,800 1,780,034 * Dixie Group, Inc. (The) 7,544 32,062 # Dollar General Corp. 158,881 11,941,496 * Dollar Tree, Inc. 130,642 9,416,675 # Domino's Pizza, Inc. 19,800 3,692,700 #* Dorman Products, Inc. 34,429 2,688,216 DR Horton, Inc. 193,224 6,896,165 # DSW, Inc. Class A 95,031 1,714,359 #* Duluth Holdings, Inc. Class B 5,670 109,885 # Dunkin' Brands Group, Inc. 42,812 2,270,320 # Educational Development Corp. 1,000 10,200 * El Pollo Loco Holdings, Inc. 5,500 71,500 #* Eldorado Resorts, Inc. 24,198 493,639 * Emerson Radio Corp. 11,467 14,563 * Emmis Communications Corp. Class A 2,473 7,295 # Entercom Communications Corp. Class A 24,701 243,305 Entravision Communications Corp. Class A 77,318 502,567 # Escalade, Inc. 7,797 96,293 # Ethan Allen Interiors, Inc. 33,523 1,074,412 * EVINE Live, Inc. 18,299 21,776 #* EW Scripps Co. (The) Class A 57,612 1,132,076 # Expedia, Inc. 41,034 6,420,590 #* Express, Inc. 65,412 396,397 Extended Stay America, Inc. 119,772 2,367,892 #* Famous Dave's of America, Inc. 4,600 16,100 #* Fiesta Restaurant Group, Inc. 21,918 368,222 # Finish Line, Inc. (The) Class A 43,663 600,803 #* Five Below, Inc. 31,121 1,503,456 Flexsteel Industries, Inc. 6,129 343,101 # Foot Locker, Inc. 96,404 4,549,305 Ford Motor Co. 1,604,855 18,006,473 #* Fossil Group, Inc. 12,354 138,982 #* Fox Factory Holding Corp. 45,567 1,752,051 #* Francesca's Holdings Corp. 78,355 762,394 # Fred's, Inc. Class A 25,508 172,689 * FTD Cos., Inc. 22,530 442,714 * Full House Resorts, Inc. 6,121 15,609 #* G-III Apparel Group, Ltd. 39,798 1,035,942 # GameStop Corp. Class A 107,137 2,323,802 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Gaming Partners International Corp. 3,430 $ 36,495 Gannett Co., Inc. 108,644 974,537 # Gap, Inc. (The) 254,525 6,065,331 # Garmin, Ltd. 60,621 3,042,568 General Motors Co. 614,834 22,121,727 #* Genesco, Inc. 21,534 691,241 # Gentex Corp. 298,217 5,075,653 #* Gentherm, Inc. 37,860 1,266,417 # Genuine Parts Co. 83,779 7,115,350 #* Global Eagle Entertainment, Inc. 6,773 21,403 # GNC Holdings, Inc. Class A 30,866 293,536 Goodyear Tire & Rubber Co. (The) 195,827 6,170,509 Graham Holdings Co. Class B 4,575 2,710,230 #* Grand Canyon Education, Inc. 60,151 4,425,309 * Gray Television, Inc. 60,153 896,280 * Gray Television, Inc. Class A 2,300 29,498 * Green Brick Partners, Inc. 4,722 53,123 # Group 1 Automotive, Inc. 19,738 1,175,398 # Guess?, Inc. 75,775 989,621 # H&R Block, Inc. 78,285 2,387,692 # Hanesbrands, Inc. 75,331 1,726,587 # Harley-Davidson, Inc. 108,713 5,291,062 * Harte-Hanks, Inc. 22,325 21,544 Hasbro, Inc. 22,167 2,347,042 Haverty Furniture Cos., Inc. 16,765 373,021 Haverty Furniture Cos., Inc. Class A 717 16,043 * Helen of Troy, Ltd. 26,040 2,623,530 * Hibbett Sports, Inc. 18,677 291,361 * Hilton Grand Vacations, Inc. 30,202 1,110,226 Hilton Worldwide Holdings, Inc. 25,554 1,597,892 Home Depot, Inc. (The) 114,027 17,058,439 Hooker Furniture Corp. 13,297 561,133 #* Horizon Global Corp. 18,085 252,105 #* Houghton Mifflin Harcourt Co. 111,567 1,333,226 * Hovnanian Enterprises, Inc. Class A 17,387 38,251 HSN, Inc. 37,236 1,476,407 #* Hyatt Hotels Corp. Class A 21,025 1,168,359 #* Iconix Brand Group, Inc. 29,573 197,252 ILG, Inc. 107,080 2,838,691 * IMAX Corp. 15,537 332,492 #* Installed Building Products, Inc. 25,122 1,351,564 # International Game Technology P.L.C. 48,760 928,390 International Speedway Corp. Class A 25,651 918,306 Interpublic Group of Cos., Inc. (The) 231,564 5,004,098 * Intrawest Resorts Holdings, Inc. 12,753 302,884 #* iRobot Corp. 20,886 2,203,682 * J Alexander's Holdings, Inc. 8,076 85,202 Jack in the Box, Inc. 30,910 2,867,212 #* JAKKS Pacific, Inc. 8,687 28,667 #* Jamba, Inc. 8,857 77,144 #* JC Penney Co., Inc. 202,730 1,096,769 # John Wiley & Sons, Inc. Class A 50,061 2,765,870 John Wiley & Sons, Inc. Class B 2,517 139,291 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Johnson Outdoors, Inc. Class A 4,385 $ 221,530 * K12, Inc. 29,277 518,496 KB Home 49,212 1,127,939 * Kirkland's, Inc. 14,201 132,779 # Kohl's Corp. 148,416 6,137,002 #* Kona Grill, Inc. 6,378 16,902 # L Brands, Inc. 46,785 2,170,356 * La Quinta Holdings, Inc. 118,413 1,765,538 La-Z-Boy, Inc. 55,566 1,878,131 * Lakeland Industries, Inc. 2,263 34,058 #* Lands' End, Inc. 5,571 75,209 Las Vegas Sands Corp. 44,267 2,727,290 # LCI Industries 41,088 4,386,144 Lear Corp. 56,080 8,310,495 # Leggett & Platt, Inc. 63,610 3,064,730 Lennar Corp. Class A 84,459 4,429,030 Lennar Corp. Class B 14,859 660,780 Libbey, Inc. 28,141 253,269 * Liberty Broadband Corp. Class A 16,815 1,663,340 * Liberty Broadband Corp. Class B 145 14,500 #* Liberty Broadband Corp. Class C 40,851 4,051,602 * Liberty Expedia Holdings, Inc. Class A 31,996 1,825,372 * Liberty Interactive Corp., QVC Group Class A 226,805 5,429,712 #* Liberty Interactive Corp., QVC Group Class B 600 14,883 #* Liberty Media Corp.-Liberty Braves Class A 4,772 120,445 * Liberty Media Corp.-Liberty Braves Class B 58 1,603 #* Liberty Media Corp.-Liberty Braves Class C 9,661 243,747 #* Liberty Media Corp.-Liberty Formula One Class A 11,931 402,671 #* Liberty Media Corp.-Liberty Formula One Class B 145 4,916 * Liberty Media Corp.-Liberty Formula One Class C 24,153 849,461 * Liberty Media Corp.-Liberty SiriusXM Class A 47,725 2,201,554 * Liberty Media Corp.-Liberty SiriusXM Class B 581 27,269 * Liberty Media Corp.-Liberty SiriusXM Class C 96,612 4,444,152 Liberty Tax, Inc. 1,824 25,718 * Liberty TripAdvisor Holdings, Inc. Class A 62,270 731,672 * Liberty TripAdvisor Holdings, Inc. Class B 110 1,441 #* Liberty Ventures Series A 49,427 2,994,288 Lifetime Brands, Inc. 15,560 294,862 #* Lindblad Expeditions Holdings, Inc. 4,692 46,967 # Lions Gate Entertainment Corp. Class A 53,425 1,570,695 #* Lions Gate Entertainment Corp. Class B 57,824 1,590,738 # Lithia Motors, Inc. Class A 25,762 2,659,926 #* Live Nation Entertainment, Inc. 221,538 8,256,721 * LKQ Corp. 165,502 5,719,749 Lowe's Cos., Inc. 216,161 16,730,861 * Luby's, Inc. 24,827 71,253 * Lululemon Athletica, Inc. 20,412 1,258,196 #* Lumber Liquidators Holdings, Inc. 9,988 246,803 #* M/I Homes, Inc. 25,779 668,707 Macy's, Inc. 222,133 5,275,659 * Madison Square Garden Co. (The) Class A 17,878 3,928,154 #* Malibu Boats, Inc. Class A 13,079 374,190 Marcus Corp. (The) 12,065 328,168 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # Marine Products Corp. 10,739 $ 155,930 #* MarineMax, Inc. 29,133 435,538 Marriott International, Inc. Class A 59,573 6,206,911 # Marriott Vacations Worldwide Corp. 29,938 3,498,255 # Mattel, Inc. 131,296 2,628,546 #* McClatchy Co. (The) Class A 5,251 42,008 McDonald's Corp. 102,238 15,861,203 # MDC Holdings, Inc. 52,726 1,807,975 (degrees) Media General, Inc. 38,671 78,115 # Meredith Corp. 42,685 2,537,623 #* Meritage Homes Corp. 41,802 1,703,431 # MGM Resorts International 191,385 6,302,308 * Michael Kors Holdings, Ltd. 69,700 2,539,868 #* Michaels Cos., Inc. (The) 65,172 1,312,564 * Modine Manufacturing Co. 42,718 694,167 * Mohawk Industries, Inc. 36,066 8,980,073 * Monarch Casino & Resort, Inc. 1,439 47,617 # Monro Muffler Brake, Inc. 23,765 1,107,449 #* Motorcar Parts of America, Inc. 18,356 513,417 # Movado Group, Inc. 11,955 294,093 * MSG Networks, Inc. Class A 60,925 1,303,795 #* Murphy USA, Inc. 55,555 4,207,180 NACCO Industries, Inc. Class A 7,344 481,766 #* Nathan's Famous, Inc. 4,377 273,562 # National CineMedia, Inc. 53,155 380,058 #* Nautilus, Inc. 40,483 712,501 * Netflix, Inc. 22,400 4,069,184 * New Home Co., Inc. (The) 545 5,891 # New Media Investment Group, Inc. 15,492 215,958 * New York & Co., Inc. 54,882 85,616 New York Times Co. (The) Class A 125,086 2,376,634 # Newell Brands, Inc. 126,626 6,675,723 News Corp. Class A 125,805 1,800,270 News Corp. Class B 59,868 880,060 # Nexstar Media Group, Inc. Class A 61,003 3,989,596 NIKE, Inc. Class B 143,458 8,471,195 Nobility Homes, Inc. 1,152 20,621 # Nordstrom, Inc. 31,682 1,538,795 * Norwegian Cruise Line Holdings, Ltd. 88,068 4,849,905 # Nutrisystem, Inc. 23,167 1,291,560 * NVR, Inc. 2,277 5,943,972 #* O'Reilly Automotive, Inc. 30,530 6,237,279 Office Depot, Inc. 433,791 2,546,353 #* Ollie's Bargain Outlet Holdings, Inc. 35,927 1,605,937 # Omnicom Group, Inc. 39,896 3,141,411 #* Overstock.com, Inc. 32,695 523,120 Oxford Industries, Inc. 20,786 1,312,220 # Papa John's International, Inc. 28,426 2,027,627 #* Papa Murphy's Holdings, Inc. 6,677 28,444 #* Party City Holdco, Inc. 15,966 222,726 #* Penn National Gaming, Inc. 37,631 758,641 # Penske Automotive Group, Inc. 100,789 4,388,353 * Perry Ellis International, Inc. 9,214 180,963 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # PetMed Express, Inc. 22,786 $ 1,083,246 * PICO Holdings, Inc. 11,695 190,044 # Pier 1 Imports, Inc. 96,630 445,464 #* Pinnacle Entertainment, Inc. 36,985 702,715 Planet Fitness, Inc. Class A 46,405 1,051,537 # Polaris Industries, Inc. 48,416 4,340,979 # Pool Corp. 24,941 2,696,621 #* Potbelly Corp. 17,607 202,480 * Priceline Group, Inc. (The) 4,900 9,939,650 PulteGroup, Inc. 210,129 5,131,350 PVH Corp. 42,047 5,015,787 # Ralph Lauren Corp. 16,577 1,254,050 RCI Hospitality Holdings, Inc. 12,873 292,088 * Reading International, Inc. Class A 17,935 286,243 * Red Lion Hotels Corp. 20,113 143,808 #* Red Robin Gourmet Burgers, Inc. 11,931 713,474 # Red Rock Resorts, Inc. Class A 2,214 52,915 # Regal Entertainment Group Class A 59,771 1,136,844 #* Regis Corp. 38,982 410,480 # Rent-A-Center, Inc. 38,161 504,488 Rocky Brands, Inc. 6,987 97,469 Ross Stores, Inc. 68,236 3,774,816 Royal Caribbean Cruises, Ltd. 94,154 10,645,993 Ruth's Hospitality Group, Inc. 51,625 1,032,500 Saga Communications, Inc. Class A 1,505 58,469 Salem Media Group, Inc. 10,305 73,681 #* Sally Beauty Holdings, Inc. 56,479 1,142,570 Scholastic Corp. 28,381 1,175,825 #* Scientific Games Corp. Class A 39,144 1,450,285 # Scripps Networks Interactive, Inc. Class A 45,848 4,007,574 #* Sears Hometown and Outlet Stores, Inc. 1,300 2,925 # SeaWorld Entertainment, Inc. 119,404 1,836,434 #* Select Comfort Corp. 54,004 1,825,875 #* Sequential Brands Group, Inc. 3,229 10,365 Service Corp. International 187,444 6,509,930 #* ServiceMaster Global Holdings, Inc. 100,425 4,414,683 #* Shake Shack, Inc. Class A 1,393 45,983 * Shiloh Industries, Inc. 12,091 89,715 # Shoe Carnival, Inc. 17,356 316,921 #* Shutterfly, Inc. 38,320 1,879,213 # Signet Jewelers, Ltd. 45,351 2,773,667 # Sinclair Broadcast Group, Inc. Class A 105,206 3,792,676 # Sirius XM Holdings, Inc. 151,402 887,216 # Six Flags Entertainment Corp. 41,784 2,376,256 #* Skechers U.S.A., Inc. Class A 134,063 3,765,830 * Skyline Corp. 1,175 8,777 # Sonic Automotive, Inc. Class A 33,630 610,384 # Sonic Corp. 33,893 801,908 #* Sotheby's 48,403 2,739,126 Speedway Motorsports, Inc. 30,011 638,034 #* Sportsman's Warehouse Holdings, Inc. 28,697 129,997 # Stage Stores, Inc. 4,499 8,953 Standard Motor Products, Inc. 26,407 1,330,385 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Staples, Inc. 473,335 $ 4,804,350 Starbucks Corp. 120,825 6,522,133 # Stein Mart, Inc. 49,748 69,150 * Steven Madden, Ltd. 65,090 2,668,690 * Stoneridge, Inc. 49,402 753,875 Strattec Security Corp. 3,827 135,858 # Strayer Education, Inc. 16,501 1,297,309 # Sturm Ruger & Co., Inc. 17,735 1,021,536 Superior Industries International, Inc. 22,424 438,389 # Superior Uniform Group, Inc. 13,632 304,403 * Sypris Solutions, Inc. 8,523 14,191 # Tailored Brands, Inc. 8,120 101,825 * Tandy Leather Factory, Inc. 9,590 84,872 # Target Corp. 144,640 8,196,749 * Taylor Morrison Home Corp. Class A 36,618 828,299 TEGNA, Inc. 260,673 3,865,781 #* Tempur Sealy International, Inc. 26,245 1,513,549 Tenneco, Inc. 48,867 2,702,345 * Tesla, Inc. 7,091 2,293,726 Texas Roadhouse, Inc. 63,815 3,018,449 Thor Industries, Inc. 74,988 7,899,986 # Tiffany & Co. 61,664 5,889,529 Tile Shop Holdings, Inc. 42,222 616,441 Tilly's, Inc. Class A 7,196 71,816 Time Warner, Inc. 259,315 26,559,042 Time, Inc. 83,758 1,176,800 TJX Cos., Inc. (The) 56,625 3,981,304 Toll Brothers, Inc. 148,262 5,721,431 * TopBuild Corp. 22,234 1,173,511 Tower International, Inc. 28,596 706,321 * Town Sports International Holdings, Inc. 12,890 70,895 # Tractor Supply Co. 49,600 2,783,552 * Trans World Entertainment Corp. 900 1,575 #* TRI Pointe Group, Inc. 148,256 1,971,805 Tribune Media Co. Class A 9,112 384,071 #* TripAdvisor, Inc. 13,581 529,931 #* tronc, Inc. 4,419 56,431 #* Tuesday Morning Corp. 29,673 54,895 Tupperware Brands Corp. 24,232 1,471,125 # Twenty-First Century Fox, Inc. Class A 210,181 6,116,267 Twenty-First Century Fox, Inc. Class B 80,250 2,302,372 * UCP, Inc. Class A 1,400 15,610 * Ulta Salon Cosmetics & Fragrance, Inc. 19,777 4,968,180 #* Under Armour, Inc. Class A 25,200 504,504 #* Under Armour, Inc. Class C 25,378 459,596 * Unifi, Inc. 14,202 465,258 #* Universal Electronics, Inc. 12,278 840,429 * Universal Technical Institute, Inc. 13,926 49,577 #* Urban One, Inc. 841 1,598 #* Urban Outfitters, Inc. 152,293 2,983,420 * US Auto Parts Network, Inc. 17,215 44,931 Vail Resorts, Inc. 29,350 6,185,806 #* Vera Bradley, Inc. 40,288 406,103 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Consumer Discretionary -- (Continued) # VF Corp. 53,460 $ 3,324,677 # Viacom, Inc. Class A 8,633 349,636 Viacom, Inc. Class B 248,278 8,669,868 #* Vista Outdoor, Inc. 48,596 1,122,082 * Visteon Corp. 43,035 4,800,124 #* Vitamin Shoppe, Inc. 23,500 258,500 * VOXX International Corp. 11,061 74,109 Walt Disney Co. (The) 365,590 40,189,309 * Wayfair, Inc. Class A 1,352 103,225 #* Weight Watchers International, Inc. 3,258 116,702 # Wendy's Co. (The) 298,595 4,610,307 West Marine, Inc. 21,940 282,807 # Weyco Group, Inc. 5,289 147,457 # Whirlpool Corp. 45,565 8,105,102 #* William Lyon Homes Class A 25,280 571,581 # Williams-Sonoma, Inc. 131,683 6,114,042 #* Wingstop, Inc. 12,984 389,650 # Winmark Corp. 2,732 363,493 Winnebago Industries, Inc. 34,377 1,265,074 Wolverine World Wide, Inc. 91,834 2,589,719 # World Wrestling Entertainment, Inc. Class A 13,829 292,622 # Wyndham Worldwide Corp. 48,100 5,020,197 # Wynn Resorts, Ltd. 15,906 2,057,282 Yum! Brands, Inc. 33,855 2,555,375 #* ZAGG, Inc. 31,708 267,933 #* Zumiez, Inc. 30,352 385,470 -------------- Total Consumer Discretionary 1,135,780,692 -------------- Consumer Staples -- (5.9%) # Alico, Inc. 5,242 158,308 #* Alliance One International, Inc. 5,380 81,776 Altria Group, Inc. 204,026 13,255,569 Andersons, Inc. (The) 26,345 907,585 Archer-Daniels-Midland Co. 131,574 5,549,791 #* Avon Products, Inc. 301,240 1,096,514 # B&G Foods, Inc. 70,194 2,544,532 #* Blue Buffalo Pet Products, Inc. 94,960 2,124,255 #* Boston Beer Co., Inc. (The) Class A 8,202 1,286,074 * Bridgford Foods Corp. 2,509 28,000 # British American Tobacco P.L.C. Sponsored ADR 65,361 4,086,374 Brown-Forman Corp. Class A 11,686 602,296 # Brown-Forman Corp. Class B 35,633 1,760,270 Bunge, Ltd. 93,189 7,305,086 #* Cal-Maine Foods, Inc. 49,683 1,895,406 # Calavo Growers, Inc. 17,713 1,311,648 # Campbell Soup Co. 50,190 2,651,538 # Casey's General Stores, Inc. 47,241 5,042,977 * CCA Industries, Inc. 3,031 10,760 #* Central Garden & Pet Co. 10,091 322,912 * Central Garden & Pet Co. Class A 35,352 1,087,428 #* Chefs' Warehouse, Inc. (The) 11,385 165,083 Church & Dwight Co., Inc. 73,376 3,914,610 Clorox Co. (The) 22,050 2,943,454 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) Coca-Cola Bottling Co. Consolidated 9,620 $ 2,309,666 Coca-Cola Co. (The) 484,883 22,227,037 Colgate-Palmolive Co. 76,902 5,552,324 Conagra Brands, Inc. 128,847 4,411,721 Constellation Brands, Inc. Class A 78,551 15,187,836 Constellation Brands, Inc. Class B 1,902 372,944 Costco Wholesale Corp. 59,834 9,484,287 # Coty, Inc. Class A 336,191 6,885,192 #* Craft Brew Alliance, Inc. 20,621 360,867 * Crimson Wine Group, Ltd. 9,858 105,481 CVS Health Corp. 339,252 27,116,412 * Darling Ingredients, Inc. 154,648 2,516,123 # Dean Foods Co. 115,545 1,733,175 Dr Pepper Snapple Group, Inc. 62,606 5,707,163 #* Edgewell Personal Care Co. 48,189 3,479,246 Energizer Holdings, Inc. 31,287 1,441,392 Estee Lauder Cos., Inc. (The) Class A 17,200 1,702,628 #* Farmer Brothers Co. 19,168 597,083 # Flowers Foods, Inc. 204,564 3,598,281 # Fresh Del Monte Produce, Inc. 49,348 2,539,942 # General Mills, Inc. 62,174 3,460,605 #* Hain Celestial Group, Inc. (The) 76,799 3,433,683 #* Herbalife, Ltd. 34,042 2,264,133 Hershey Co. (The) 6,900 726,639 # Hormel Foods Corp. 154,724 5,286,919 #* Hostess Brands, Inc. 53,188 812,713 * HRG Group, Inc. 135,861 2,251,217 Ingles Markets, Inc. Class A 16,579 489,080 Ingredion, Inc. 60,426 7,451,734 Inter Parfums, Inc. 27,932 1,083,762 #* Inventure Foods, Inc. 6,441 25,120 J&J Snack Foods Corp. 19,581 2,572,943 JM Smucker Co. (The) 56,032 6,830,301 # John B. Sanfilippo & Son, Inc. 8,870 570,518 # Kellogg Co. 21,066 1,432,488 Kimberly-Clark Corp. 30,133 3,711,180 Kraft Heinz Co. (The) 116,586 10,196,612 Kroger Co. (The) 154,486 3,787,997 Lamb Weston Holdings, Inc. 40,621 1,786,512 Lancaster Colony Corp. 19,955 2,446,882 * Landec Corp. 27,381 336,786 * Lifeway Foods, Inc. 2,867 26,290 Limoneira Co. 2,654 60,405 Mannatech, Inc. 600 9,750 # McCormick & Co., Inc. Non-Voting 20,206 1,925,632 McCormick & Co., Inc. Voting 1,509 143,778 Medifast, Inc. 21,814 931,240 # MGP Ingredients, Inc. 23,869 1,407,316 Molson Coors Brewing Co. Class A 266 24,617 Molson Coors Brewing Co. Class B 90,418 8,045,394 Mondelez International, Inc. Class A 418,428 18,419,201 * Monster Beverage Corp. 81,819 4,315,952 # National Beverage Corp. 23,726 2,422,899 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Staples -- (Continued) #* Natural Alternatives International, Inc. 5,470 $ 54,700 #* Natural Grocers by Vitamin Cottage, Inc. 10,124 89,192 # Natural Health Trends Corp. 6,437 158,543 Nature's Sunshine Products, Inc. 2,146 27,147 # Nu Skin Enterprises, Inc. Class A 60,110 3,808,570 Nutraceutical International Corp. 7,931 331,516 Oil-Dri Corp. of America 5,619 232,402 # Omega Protein Corp. 22,885 366,160 # Orchids Paper Products Co. 8,669 97,613 PepsiCo, Inc. 155,127 18,089,359 * Performance Food Group Co. 47,827 1,377,418 Philip Morris International, Inc. 124,624 14,544,867 #* Pilgrim's Pride Corp. 89,398 2,171,477 Pinnacle Foods, Inc. 123,860 7,354,807 #* Post Holdings, Inc. 82,111 6,831,635 # PriceSmart, Inc. 24,592 2,071,876 #* Primo Water Corp. 19,219 238,508 Procter & Gamble Co. (The) 458,732 41,662,040 #* Revlon, Inc. Class A 27,411 535,885 #* Rite Aid Corp. 267,434 599,052 Rocky Mountain Chocolate Factory, Inc. 4,490 53,386 Sanderson Farms, Inc. 27,079 3,540,579 Seaboard Corp. 346 1,479,150 * Seneca Foods Corp. Class A 8,682 249,173 * Seneca Foods Corp. Class B 283 8,745 #* Smart & Final Stores, Inc. 3,401 29,249 # Snyder's-Lance, Inc. 88,992 3,096,032 SpartanNash Co. 27,359 758,939 # Spectrum Brands Holdings, Inc. 44,660 5,155,550 * Sprouts Farmers Market, Inc. 102,573 2,468,932 * SUPERVALU, Inc. 124,014 443,970 Sysco Corp. 51,532 2,711,614 # Tootsie Roll Industries, Inc. 29,651 1,103,017 #* TreeHouse Foods, Inc. 46,119 3,912,275 Tyson Foods, Inc. Class A 140,474 8,900,433 #* United Natural Foods, Inc. 49,778 1,917,946 United-Guardian, Inc. 1,431 22,538 Universal Corp. 25,949 1,659,439 #* USANA Health Sciences, Inc. 28,500 1,627,350 # Vector Group, Ltd. 65,721 1,322,964 Village Super Market, Inc. Class A 8,926 220,740 Wal-Mart Stores, Inc. 683,245 54,652,768 Walgreens Boots Alliance, Inc. 285,393 23,022,653 # WD-40 Co. 12,178 1,298,784 Weis Markets, Inc. 22,359 1,057,804 Whole Foods Market, Inc. 188,406 7,867,835 ------------ Total Consumer Staples 505,375,976 ------------ Energy -- (4.7%) * Abraxas Petroleum Corp. 16,753 29,820 Adams Resources & Energy, Inc. 3,585 136,194 Anadarko Petroleum Corp. 62,937 2,874,333 Andeavor 154,065 15,334,089 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) #* Antero Resources Corp. 77,401 $ 1,596,009 # Apache Corp. 27,582 1,364,757 Archrock, Inc. 44,829 490,878 Baker Hughes a GE Co. 69,015 2,545,963 # Bristow Group, Inc. 25,800 190,146 # Cabot Oil & Gas Corp. 111,368 2,769,722 #* Callon Petroleum Co. 80,203 907,898 #* CARBO Ceramics, Inc. 3,649 25,798 Cheniere Energy Partners L.P. Holdings LLC 13,761 360,125 #* Cheniere Energy, Inc. 39,587 1,789,332 #* Chesapeake Energy Corp. 376,827 1,869,062 Chevron Corp. 442,170 48,280,542 Cimarex Energy Co. 33,911 3,358,206 * Clean Energy Fuels Corp. 10,260 26,881 #* Concho Resources, Inc. 37,612 4,899,339 ConocoPhillips 271,885 12,335,422 #* CONSOL Energy, Inc. 217,277 3,641,563 * Contango Oil & Gas Co. 26,267 157,602 #* Continental Resources, Inc. 56,190 1,878,432 # Core Laboratories NV 21,785 2,190,046 # CVR Energy, Inc. 9,034 170,833 * Dawson Geophysical Co. 14,469 58,021 Delek US Holdings, Inc. 46,946 1,225,760 #* Denbury Resources, Inc. 167,744 244,906 Devon Energy Corp. 21,395 712,667 DHT Holdings, Inc. 62,472 259,884 #* Diamond Offshore Drilling, Inc. 52,555 652,733 #* Diamondback Energy, Inc. 43,524 4,173,081 #* Dorian LPG, Ltd. 8,582 61,790 #* Dril-Quip, Inc. 36,765 1,639,719 * Eclipse Resources Corp. 82,115 230,743 * Energen Corp. 41,222 2,196,308 * ENGlobal Corp. 13,358 16,698 EnLink Midstream LLC 88,656 1,555,913 # Ensco P.L.C. Class A 206,967 1,094,855 EOG Resources, Inc. 139,897 13,309,801 #* EP Energy Corp. Class A 21,571 72,910 # EQT Corp. 21,091 1,343,497 * Era Group, Inc. 7,752 67,908 Evolution Petroleum Corp. 16,602 142,777 * Exterran Corp. 26,151 724,121 Exxon Mobil Corp. 943,449 75,513,658 #* Forum Energy Technologies, Inc. 129,925 1,721,506 # Frank's International NV 13,159 106,588 # GasLog, Ltd. 17,398 317,514 #* Geospace Technologies Corp. 8,662 133,308 Green Plains, Inc. 27,619 545,475 Gulf Island Fabrication, Inc. 11,124 126,814 * Gulfport Energy Corp. 61,703 778,692 Halliburton Co. 116,826 4,958,095 #* Helix Energy Solutions Group, Inc. 147,303 963,362 # Helmerich & Payne, Inc. 52,812 2,673,343 # Hess Corp. 82,467 3,673,080 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) # HollyFrontier Corp. 117,730 $ 3,395,333 * International Seaways, Inc. 12,181 277,849 #* Jones Energy, Inc. Class A 113 170 Kinder Morgan, Inc. 444,682 9,084,853 #* Kosmos Energy, Ltd. 215,282 1,420,861 #* Laredo Petroleum, Inc. 124,867 1,618,276 # Marathon Oil Corp. 311,140 3,805,242 Marathon Petroleum Corp. 173,050 9,689,070 #* Matador Resources Co. 75,347 1,827,918 * Matrix Service Co. 26,162 270,777 #* McDermott International, Inc. 133,309 902,502 * Mitcham Industries, Inc. 13,388 53,150 # Murphy Oil Corp. 108,914 2,894,934 # Nabors Industries, Ltd. 261,761 2,018,177 # National Oilwell Varco, Inc. 167,066 5,464,729 * Natural Gas Services Group, Inc. 15,772 393,511 #* Newfield Exploration Co. 108,769 3,124,933 #* Newpark Resources, Inc. 122,312 1,021,305 # Noble Corp. P.L.C. 83,052 332,208 Noble Energy, Inc. 134,027 3,874,721 #* Northern Oil and Gas, Inc. 6,779 8,474 #* Oasis Petroleum, Inc. 245,175 1,907,462 Occidental Petroleum Corp. 78,220 4,844,165 # Oceaneering International, Inc. 87,881 2,254,148 #* Oil States International, Inc. 47,300 1,175,405 ONEOK, Inc. 50,485 2,855,936 * Pacific Ethanol, Inc. 4,312 26,950 Panhandle Oil and Gas, Inc. Class A 11,858 260,876 * Par Pacific Holdings, Inc. 14,544 260,483 #* Parker Drilling Co. 109,761 131,713 * Parsley Energy, Inc. Class A 89,814 2,629,754 Patterson-UTI Energy, Inc. 136,317 2,636,371 # PBF Energy, Inc. Class A 117,005 2,664,204 #* PDC Energy, Inc. 51,500 2,428,740 #* PetroQuest Energy, Inc. 5,485 11,902 * PHI, Inc. Non-Voting 8,318 80,685 #* PHI, Inc. Voting 212 2,003 Phillips 66 125,687 10,526,286 * Pioneer Energy Services Corp. 89,700 197,340 Pioneer Natural Resources Co. 31,238 5,094,918 * QEP Resources, Inc. 191,837 1,644,043 # Range Resources Corp. 47,433 1,001,311 #* Renewable Energy Group, Inc. 59,963 749,538 #* REX American Resources Corp. 6,572 657,069 * Rice Energy, Inc. 135,277 3,783,698 #* RigNet, Inc. 2,237 42,391 #* Ring Energy, Inc. 17,873 233,421 #* Rowan Cos. P.L.C. Class A 57,621 672,437 # RPC, Inc. 135,339 2,802,871 * RSP Permian, Inc. 99,139 3,406,416 Schlumberger, Ltd. 268,580 18,424,588 # Scorpio Tankers, Inc. 114,112 423,356 * SEACOR Holdings, Inc. 17,682 602,779 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Energy -- (Continued) #* SEACOR Marine Holdings, Inc. 17,777 $ 259,189 # SemGroup Corp. Class A 51,052 1,380,957 # Ship Finance International, Ltd. 57,055 775,948 # SM Energy Co. 70,132 1,219,596 #* SRC Energy, Inc. 165,846 1,411,350 #* Superior Energy Services, Inc. 125,929 1,354,996 Targa Resources Corp. 86,976 4,036,556 #* TechnipFMC P.L.C. 76,981 2,197,038 #* Tesco Corp. 54,654 251,408 * TETRA Technologies, Inc. 78,499 220,582 #* Transocean, Ltd. 281,896 2,438,400 #* Ultra Petroleum Corp. 111,269 1,144,958 #* Unit Corp. 56,567 1,017,075 # US Silica Holdings, Inc. 44,023 1,282,390 * Vaalco Energy, Inc. 31,137 28,553 Valero Energy Corp. 171,420 11,822,837 #* Weatherford International P.L.C. 586,060 2,613,828 #* Whiting Petroleum Corp. 243,470 1,278,218 * Willbros Group, Inc. 47,803 97,518 Williams Cos., Inc. (The) 88,285 2,805,697 World Fuel Services Corp. 52,763 1,706,355 #* WPX Energy, Inc. 310,747 3,349,853 ------------ Total Energy 399,124,073 ------------ Financials -- (17.4%) 1st Source Corp. 25,024 1,228,678 A-Mark Precious Metals, Inc. 7,393 111,413 Access National Corp. 11,999 319,053 # Affiliated Managers Group, Inc. 19,651 3,651,745 Aflac, Inc. 95,826 7,642,123 * Alleghany Corp. 7,207 4,420,341 * Allegiance Bancshares, Inc. 400 15,020 Allstate Corp. (The) 108,567 9,879,597 Ally Financial, Inc. 343,635 7,779,896 #* Ambac Financial Group, Inc. 25,869 528,504 American Equity Investment Life Holding Co. 103,326 2,767,070 American Express Co. 272,571 23,231,226 American Financial Group, Inc. 68,232 6,918,725 American International Group, Inc. 269,115 17,613,577 American National Bankshares, Inc. 4,187 158,059 American National Insurance Co. 17,036 2,027,284 American River Bankshares 2,071 28,890 Ameriprise Financial, Inc. 90,559 13,120,188 Ameris Bancorp 38,185 1,748,873 AMERISAFE, Inc. 26,204 1,513,281 AmeriServ Financial, Inc. 3,367 13,300 # Amtrust Financial Services, Inc. 182,041 2,912,656 Aon P.L.C. 39,459 5,452,050 * Arch Capital Group, Ltd. 57,433 5,585,934 Argo Group International Holdings, Ltd. 34,410 2,062,879 Arrow Financial Corp. 14,304 466,310 Arthur J Gallagher & Co. 56,579 3,326,279 # Artisan Partners Asset Management, Inc. Class A 41,907 1,393,408 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Aspen Insurance Holdings, Ltd. 53,638 $ 2,617,534 Associated Banc-Corp 130,908 3,135,247 Assurant, Inc. 58,469 6,155,032 Assured Guaranty, Ltd. 141,072 6,349,651 * Asta Funding, Inc. 736 5,391 Astoria Financial Corp. 140,092 2,827,057 #* Atlantic Capital Bancshares, Inc. 1,179 22,755 * Atlantic Coast Financial Corp. 1,768 14,056 * Atlanticus Holdings Corp. 12,895 31,851 #* Atlas Financial Holdings, Inc. 4,819 74,454 Auburn National Bancorporation, Inc. 757 28,017 Axis Capital Holdings, Ltd. 75,408 4,869,849 Baldwin & Lyons, Inc. Class A 298 6,943 Baldwin & Lyons, Inc. Class B 9,068 212,191 # Banc of California, Inc. 56,944 1,170,199 BancFirst Corp. 16,361 1,746,537 * Bancorp, Inc. (The) 29,339 227,377 BancorpSouth, Inc. 116,483 3,500,314 Bank Mutual Corp. 41,770 415,612 Bank of America Corp. 2,339,859 56,437,399 Bank of Commerce Holdings 4,204 43,511 # Bank of Hawaii Corp. 43,487 3,638,557 Bank of Marin Bancorp 5,176 344,980 Bank of New York Mellon Corp. (The) 265,290 14,068,329 # Bank of the Ozarks, Inc. 87,428 3,772,518 BankFinancial Corp. 23,262 348,465 BankUnited, Inc. 97,515 3,356,466 Banner Corp. 29,912 1,728,016 Bar Harbor Bankshares 8,161 227,610 # BB&T Corp. 202,445 9,579,697 # BCB Bancorp, Inc. 2,691 40,365 Bear State Financial, Inc. 110 1,021 Beneficial Bancorp, Inc. 80,152 1,250,371 * Berkshire Hathaway, Inc. Class B 161,009 28,171,745 Berkshire Hills Bancorp, Inc. 37,931 1,409,137 BGC Partners, Inc. Class A 328,819 4,146,408 BlackRock, Inc. 30,468 12,995,516 Blue Hills Bancorp, Inc. 2,178 41,273 #* BofI Holding, Inc. 55,788 1,554,812 BOK Financial Corp. 38,902 3,309,393 Boston Private Financial Holdings, Inc. 117,108 1,797,608 Bridge Bancorp, Inc. 4,937 160,453 Brookline Bancorp, Inc. 98,733 1,466,185 Brown & Brown, Inc. 137,962 6,153,105 Bryn Mawr Bank Corp. 21,164 898,412 C&F Financial Corp. 353 17,579 # California First National Bancorp 1,859 30,952 Camden National Corp. 14,891 625,422 Canadian Imperial Bank of Commerce 8,556 743,003 Capital Bank Financial Corp. Class A 37,157 1,411,966 Capital City Bank Group, Inc. 10,928 233,422 Capital One Financial Corp. 129,672 11,175,133 Capitol Federal Financial, Inc. 186,164 2,654,699 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Cathay General Bancorp 87,165 $ 3,264,329 # CBOE Holdings, Inc. 40,772 3,854,177 CenterState Banks, Inc. 60,833 1,520,217 Central Pacific Financial Corp. 41,241 1,275,584 Century Bancorp, Inc. Class A 1,308 87,244 # Charles Schwab Corp. (The) 167,241 7,174,639 Charter Financial Corp. 4,551 81,827 Chemical Financial Corp. 64,073 3,087,678 Chubb, Ltd. 94,708 13,870,934 Cincinnati Financial Corp. 73,427 5,592,200 CIT Group, Inc. 74,984 3,572,988 Citigroup, Inc. 627,426 42,947,310 Citizens & Northern Corp. 5,885 135,826 # Citizens Community Bancorp, Inc. 1,100 15,345 Citizens Financial Group, Inc. 164,685 5,777,150 Citizens Holding Co. 200 4,930 #* Citizens, Inc. 28,479 229,256 City Holding Co. 18,482 1,212,974 Clifton Bancorp, Inc. 31,379 523,716 CME Group, Inc. 74,261 9,105,884 # CNA Financial Corp. 71,240 3,700,918 CNB Financial Corp. 7,770 204,817 CNO Financial Group, Inc. 150,916 3,452,958 CoBiz Financial, Inc. 43,345 762,872 Codorus Valley Bancorp, Inc. 622 17,391 # Cohen & Steers, Inc. 47,215 1,907,486 Colony Bankcorp, Inc. 327 4,594 # Columbia Banking System, Inc. 82,135 3,272,258 Comerica, Inc. 81,765 5,912,427 # Commerce Bancshares, Inc. 96,527 5,602,427 Commercial National Financial Corp. 923 19,037 # Community Bank System, Inc. 64,346 3,532,595 * Community Bankers Trust Corp. 700 6,020 Community Trust Bancorp, Inc. 19,888 859,162 ConnectOne Bancorp, Inc. 17,330 389,925 * Consumer Portfolio Services, Inc. 34,102 140,159 #* Cowen, Inc. 19,850 317,600 Crawford & Co. Class A 23,010 170,964 # Crawford & Co. Class B 18,001 161,649 #* Credit Acceptance Corp. 19,656 4,896,310 * CU Bancorp 1,353 49,926 # Cullen/Frost Bankers, Inc. 57,621 5,230,834 * Customers Bancorp, Inc. 31,977 954,513 # CVB Financial Corp. 136,289 2,935,665 Diamond Hill Investment Group, Inc. 3,184 628,840 # Dime Community Bancshares, Inc. 50,101 1,042,101 Discover Financial Services 151,360 9,223,878 Donegal Group, Inc. Class A 18,236 274,999 Donegal Group, Inc. Class B 1,947 30,276 * Donnelley Financial Solutions, Inc. 42,077 976,186 * E*TRADE Financial Corp. 166,215 6,814,815 * Eagle Bancorp, Inc. 26,080 1,628,696 East West Bancorp, Inc. 138,768 7,907,001 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) Eaton Vance Corp. 78,453 $ 3,851,258 #* eHealth, Inc. 9,622 163,670 EMC Insurance Group, Inc. 16,920 468,684 Employers Holdings, Inc. 41,844 1,813,937 #* Encore Capital Group, Inc. 19,637 787,444 #* Enova International, Inc. 25,727 373,042 * Enstar Group, Ltd. 12,513 2,535,134 # Enterprise Bancorp, Inc. 3,613 122,083 Enterprise Financial Services Corp. 28,030 1,108,586 Erie Indemnity Co. Class A 30,211 3,850,694 ESSA Bancorp, Inc. 7,776 114,696 #* Essent Group, Ltd. 27,950 1,073,839 # Evans Bancorp, Inc. 807 32,885 Evercore Partners, Inc. Class A 45,505 3,578,968 Everest Re Group, Ltd. 24,621 6,460,304 #* Ezcorp, Inc. Class A 50,309 392,410 # FactSet Research Systems, Inc. 14,215 2,377,032 Fairfax Financial Holdings, Ltd. 4,613 2,196,945 Farmers Capital Bank Corp. 5,157 193,645 Farmers National Banc Corp. 490 6,738 FBL Financial Group, Inc. Class A 21,123 1,434,252 * FCB Financial Holdings, Inc. Class A 36,782 1,734,271 Federal Agricultural Mortgage Corp. Class A 635 42,545 Federal Agricultural Mortgage Corp. Class C 9,092 623,348 # Federated Investors, Inc. Class B 139,994 4,036,027 Federated National Holding Co. 13,480 214,602 # Fidelity & Guaranty Life 2,628 81,862 Fidelity Southern Corp. 23,195 488,487 Fifth Third Bancorp 407,439 10,878,621 # Financial Engines, Inc. 26,713 1,027,115 Financial Institutions, Inc. 16,968 498,859 * First Acceptance Corp. 16,289 14,660 First American Financial Corp. 118,781 5,750,188 * First BanCorp(318672706) 88,232 517,040 First Bancorp(318910106) 19,153 599,489 First Bancorp, Inc. 4,671 125,837 First Busey Corp. 49,754 1,454,807 # First Business Financial Services, Inc. 6,193 131,663 First Citizens BancShares, Inc. Class A 9,362 3,445,403 First Commonwealth Financial Corp. 102,742 1,338,728 First Community Bancshares, Inc. 15,421 419,760 First Connecticut Bancorp, Inc. 3,987 102,067 First Defiance Financial Corp. 6,553 339,118 First Financial Bancorp 80,070 2,049,792 # First Financial Bankshares, Inc. 47,172 2,040,189 First Financial Corp. 7,979 367,433 First Financial Northwest, Inc. 13,447 220,665 #* First Foundation, Inc. 3,854 66,828 # First Horizon National Corp. 236,393 4,120,330 First Interstate Bancsystem, Inc. Class A 34,365 1,256,041 First Merchants Corp. 47,798 1,932,951 First Midwest Bancorp, Inc. 140,824 3,127,701 First of Long Island Corp. (The) 10,731 299,931 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) First Republic Bank 47,024 $ 4,717,918 First South Bancorp, Inc. 4,040 69,528 * First United Corp. 1,237 18,679 FirstCash, Inc. 62,082 3,610,068 * Flagstar Bancorp, Inc. 52,022 1,693,836 Flushing Financial Corp. 38,335 1,093,698 FNB Corp. 240,488 3,294,686 FNF Group 140,300 6,855,058 * FNFV Group 55,319 954,253 #* Franklin Financial Network, Inc. 2,542 87,826 Franklin Resources, Inc. 121,946 5,460,742 Fulton Financial Corp. 183,620 3,351,065 # Gain Capital Holdings, Inc. 36,233 243,123 GAMCO Investors, Inc. Class A 6,433 197,557 * Genworth Financial, Inc. Class A 268,656 921,490 # German American Bancorp, Inc. 22,339 800,406 # Glacier Bancorp, Inc. 103,765 3,623,474 * Global Indemnity, Ltd. 13,212 512,097 Goldman Sachs Group, Inc. (The) 92,294 20,796,607 Great Southern Bancorp, Inc. 14,987 778,575 # Great Western Bancorp, Inc. 23,119 901,872 * Green Bancorp, Inc. 4,904 110,095 * Green Dot Corp. Class A 62,298 2,506,872 # Greenhill & Co., Inc. 18,254 337,699 #* Greenlight Capital Re, Ltd. Class A 30,335 649,169 Guaranty Bancorp 19,165 510,747 * Hallmark Financial Services, Inc. 19,071 214,549 Hancock Holding Co. 89,304 4,107,984 Hanmi Financial Corp. 41,663 1,193,645 Hanover Insurance Group, Inc. (The) 41,123 3,900,928 Harleysville Financial Corp. 1,326 30,167 Hartford Financial Services Group, Inc. (The) 195,278 10,740,290 Hawthorn Bancshares, Inc. 280 5,691 # HCI Group, Inc. 13,757 620,303 Heartland Financial USA, Inc. 23,426 1,103,365 Heritage Commerce Corp. 30,328 421,256 Heritage Financial Corp. 27,673 752,706 # Heritage Insurance Holdings, Inc. 10,266 129,454 Hilltop Holdings, Inc. 118,386 2,963,202 Hingham Institution for Savings 248 43,871 * HMN Financial, Inc. 212 3,816 Home Bancorp, Inc. 3,783 153,287 # Home BancShares, Inc. 121,682 3,017,714 * HomeStreet, Inc. 25,324 664,755 * HomeTrust Bancshares, Inc. 6,636 160,259 Hope Bancorp, Inc. 185,003 3,261,603 HopFed Bancorp, Inc. 1,664 24,261 Horace Mann Educators Corp. 36,283 1,338,843 Horizon Bancorp 13,134 346,344 Houlihan Lokey, Inc. 13,003 483,452 Huntington Bancshares, Inc. 626,897 8,306,385 Iberiabank Corp. 36,502 2,951,187 #* Impac Mortgage Holdings, Inc. 1,461 21,491 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Financials -- (Continued) Independence Holding Co. 7,983 $ 177,223 Independent Bank Corp.(453836108) 35,501 2,532,996 Independent Bank Corp.(453838609) 3,600 76,320 Independent Bank Group, Inc. 11,657 703,500 Infinity Property & Casualty Corp. 9,255 925,963 # Interactive Brokers Group, Inc. Class A 108,160 4,331,808 Intercontinental Exchange, Inc. 143,690 9,585,560 International Bancshares Corp. 77,620 2,747,748 * INTL. FCStone, Inc. 21,939 858,473 Invesco, Ltd. 209,393 7,280,595 Investment Technology Group, Inc. 28,559 630,297 # Investors Bancorp, Inc. 272,898 3,624,085 Investors Title Co. 675 119,151 James River Group Holdings, Ltd. 10,455 419,873 #* Janus Henderson Group P.L.C. 89,813 3,007,837 JPMorgan Chase & Co. 1,047,163 96,129,563 # Kearny Financial Corp. 73,572 1,074,151 Kemper Corp. 54,671 2,145,837 Kentucky First Federal Bancorp 1,549 15,180 KeyCorp 474,334 8,556,985 * Ladenburg Thalmann Financial Services, Inc. 91,438 208,479 # Lake Shore Bancorp, Inc. 125 1,975 Lakeland Bancorp, Inc. 53,372 1,032,748 Lakeland Financial Corp. 27,255 1,253,730 Landmark Bancorp, Inc. 1,473 43,674 LegacyTexas Financial Group, Inc. 63,585 2,462,011 Legg Mason, Inc. 85,041 3,402,490 #* LendingClub Corp. 249,411 1,264,514 #* LendingTree, Inc. 7,499 1,654,279 Leucadia National Corp. 148,743 3,871,780 Lincoln National Corp. 105,037 7,674,003 Loews Corp. 141,370 6,881,892 LPL Financial Holdings, Inc. 133,511 6,109,463 M&T Bank Corp. 42,957 7,008,435 Macatawa Bank Corp. 18,166 175,302 Mackinac Financial Corp. 1,448 21,054 Maiden Holdings, Ltd. 96,205 1,067,875 MainSource Financial Group, Inc. 23,275 813,229 Manning & Napier, Inc. 9,498 38,467 #* Markel Corp. 6,509 6,974,459 # MarketAxess Holdings, Inc. 18,326 3,718,162 Marlin Business Services Corp. 17,363 451,438 Marsh & McLennan Cos., Inc. 55,808 4,351,350 MB Financial, Inc. 72,336 2,958,542 #* MBIA, Inc. 166,900 1,697,373 MBT Financial Corp. 5,875 56,400 Mercantile Bank Corp. 10,767 342,606 # Mercury General Corp. 47,457 2,842,200 Meridian Bancorp, Inc. 63,919 1,128,170 Meta Financial Group, Inc. 11,632 829,362 MetLife, Inc. 212,186 11,670,230 * MGIC Investment Corp. 111,894 1,305,803 Midland States Bancorp, Inc. 10,372 329,415 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) MidSouth Bancorp, Inc. 7,404 $ 83,295 # MidWestOne Financial Group, Inc. 6,223 214,196 Moelis & Co. Class A 23,513 961,682 # Moody's Corp. 27,726 3,649,573 Morgan Stanley 353,271 16,568,410 Morningstar, Inc. 23,587 1,947,579 #* MSB Financial Corp. 782 13,529 MSCI, Inc. 67,973 7,405,658 MutualFirst Financial, Inc. 1,660 57,934 Nasdaq, Inc. 88,383 6,573,044 National Bank Holdings Corp. Class A 31,745 1,083,457 * National Commerce Corp. 488 19,569 National General Holdings Corp. 63,488 1,346,580 National Western Life Group, Inc. Class A 1,550 521,715 #* Nationstar Mortgage Holdings, Inc. 9,045 161,272 Navient Corp. 398,759 5,881,695 Navigators Group, Inc. (The) 41,112 2,343,384 # NBT Bancorp, Inc. 58,704 2,121,563 Nelnet, Inc. Class A 33,841 1,661,255 # New York Community Bancorp, Inc. 208,972 2,743,802 NewStar Financial, Inc. 34,788 380,581 * Nicholas Financial, Inc. 945 8,316 * Nicolet Bankshares, Inc. 300 16,251 * NMI Holdings, Inc. Class A 34,751 410,062 Northeast Community Bancorp, Inc. 5,046 45,919 Northern Trust Corp. 114,426 10,013,419 # Northfield Bancorp, Inc. 60,150 1,009,918 Northrim BanCorp, Inc. 6,426 187,318 Northwest Bancshares, Inc. 139,017 2,238,174 # Norwood Financial Corp. 71 3,042 # OceanFirst Financial Corp. 28,706 777,358 #* Ocwen Financial Corp. 17,052 48,939 OFG Bancorp 60,052 603,523 # Ohio Valley Banc Corp. 1,078 36,490 # Old Line Bancshares, Inc. 98 2,654 Old National Bancorp 157,194 2,562,262 Old Republic International Corp. 236,951 4,648,979 Old Second Bancorp, Inc. 9,603 113,796 OM Asset Management P.L.C. 65,679 989,783 OneBeacon Insurance Group, Ltd. Class A 22,648 414,911 #* OneMain Holdings, Inc. 47,807 1,278,359 Oppenheimer Holdings, Inc. Class A 10,148 159,831 # Opus Bank 14,534 345,909 Oritani Financial Corp. 53,047 880,580 Pacific Continental Corp. 17,981 456,717 * Pacific Mercantile Bancorp 8,734 68,999 * Pacific Premier Bancorp, Inc. 33,495 1,202,470 PacWest Bancorp 104,911 5,037,826 # Park National Corp. 10,937 1,080,247 Park Sterling Corp. 37,707 438,155 Peapack Gladstone Financial Corp. 9,399 293,907 Penns Woods Bancorp, Inc. 3,317 142,133 #* PennyMac Financial Services, Inc. Class A 26,565 462,231 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) People's United Financial, Inc. 217,946 $ 3,800,978 People's Utah Bancorp 400 11,120 # Peoples Bancorp of North Carolina, Inc. 126 3,984 Peoples Bancorp, Inc. 13,722 447,337 Peoples Financial Services Corp. 759 32,462 * PHH Corp. 77,936 1,073,958 Pinnacle Financial Partners, Inc. 51,552 3,294,173 Piper Jaffray Cos. 10,045 626,808 PJT Partners, Inc. Class A 14,551 631,222 PNC Financial Services Group, Inc. (The) 122,824 15,819,731 Popular, Inc. 94,942 4,000,856 #* PRA Group, Inc. 47,874 1,876,661 Preferred Bank 15,476 868,977 Premier Financial Bancorp, Inc. 2,098 39,862 # Primerica, Inc. 58,393 4,732,753 Principal Financial Group, Inc. 147,524 9,847,227 ProAssurance Corp. 47,279 2,921,842 Progressive Corp. (The) 221,290 10,429,398 # Prosperity Bancshares, Inc. 61,371 3,933,881 Provident Financial Holdings, Inc. 6,656 126,464 Provident Financial Services, Inc. 82,071 2,176,523 # Prudential Bancorp, Inc. 1,572 26,991 Prudential Financial, Inc. 92,216 10,441,618 Pzena Investment Management, Inc. Class A 8,763 92,450 QCR Holdings, Inc. 4,136 190,049 Radian Group, Inc. 80,134 1,395,934 Raymond James Financial, Inc. 70,406 5,857,075 * Regional Management Corp. 11,293 270,919 Regions Financial Corp. 562,877 8,218,004 Reinsurance Group of America, Inc. 36,993 5,186,419 # RenaissanceRe Holdings, Ltd. 41,763 6,135,402 Renasant Corp. 58,904 2,496,941 Republic Bancorp, Inc. Class A 14,570 523,063 #* Republic First Bancorp, Inc. 8,744 77,822 Riverview Bancorp, Inc. 5,533 41,995 # RLI Corp. 35,939 2,086,618 * Royal Bancshares of Pennsylvania, Inc. Class A 4,578 19,640 S&P Global, Inc. 22,401 3,440,570 S&T Bancorp, Inc. 28,431 1,076,966 * Safeguard Scientifics, Inc. 28,786 342,553 Safety Insurance Group, Inc. 21,435 1,520,813 Salisbury Bancorp, Inc. 300 12,690 # Sandy Spring Bancorp, Inc. 25,039 1,002,562 * Santander Consumer USA Holdings, Inc. 215,309 2,758,108 SB Financial Group, Inc. 600 10,584 * Seacoast Banking Corp. of Florida 32,942 769,855 SEI Investments Co. 33,229 1,877,771 # Selective Insurance Group, Inc. 78,380 3,969,947 # ServisFirst Bancshares, Inc. 40,531 1,472,897 Shore Bancshares, Inc. 1,418 23,950 SI Financial Group, Inc. 4,396 67,918 Sierra Bancorp 10,804 296,030 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) * Signature Bank 31,123 $ 4,313,025 # Simmons First National Corp. Class A 36,932 2,014,641 * SLM Corp. 522,602 5,790,430 # South State Corp. 31,075 2,602,531 * Southern First Bancshares, Inc. 18 663 Southern Missouri Bancorp, Inc. 130 4,213 # Southern National Bancorp of Virginia, Inc. 978 16,548 # Southside Bancshares, Inc. 27,638 959,868 Southwest Bancorp, Inc. 25,827 674,085 # State Auto Financial Corp. 27,200 701,488 State Bank Financial Corp. 24,325 667,721 State National Cos., Inc. 3,396 70,908 State Street Corp. 97,787 9,116,682 # Sterling Bancorp 176,996 4,088,608 # Stewart Information Services Corp. 34,612 1,360,252 #* Stifel Financial Corp. 53,898 2,740,713 Stock Yards Bancorp, Inc. 25,424 911,450 Stonegate Bank 7,961 370,585 Summit State Bank 451 5,863 Sun Bancorp, Inc. 12,907 314,285 SunTrust Banks, Inc. 135,540 7,765,087 * SVB Financial Group 33,790 6,029,488 Synchrony Financial 534,264 16,198,884 Synovus Financial Corp. 126,132 5,484,219 # T Rowe Price Group, Inc. 151,112 12,499,985 TCF Financial Corp. 201,689 3,178,619 # TD Ameritrade Holding Corp. 187,878 8,591,661 Territorial Bancorp, Inc. 11,411 343,813 # Teton Advisors, Inc. Class A 29 1,080 #* Texas Capital Bancshares, Inc. 62,293 4,880,657 # TFS Financial Corp. 135,866 2,171,139 * Third Point Reinsurance, Ltd. 1,821 26,496 Timberland Bancorp, Inc. 899 24,237 Tiptree, Inc. 47,142 322,923 Tompkins Financial Corp. 17,476 1,375,536 Torchmark Corp. 64,177 5,068,058 # Towne Bank 39,141 1,225,113 Travelers Cos., Inc. (The) 120,848 15,479,420 Trico Bancshares 25,588 944,197 #* TriState Capital Holdings, Inc. 26,474 608,902 TrustCo Bank Corp. NY 123,977 1,029,009 Trustmark Corp. 95,584 3,054,865 U.S. Bancorp. 445,407 23,508,581 UMB Financial Corp. 43,823 3,052,710 Umpqua Holdings Corp. 183,754 3,406,799 Union Bankshares Corp. 44,960 1,388,814 Union Bankshares, Inc. 337 14,777 United Bancshares, Inc. 606 13,574 United Bankshares, Inc. 93,591 3,228,889 # United Community Banks, Inc. 96,002 2,665,016 United Community Financial Corp. 43,131 396,805 United Financial Bancorp, Inc. 53,663 970,764 United Fire Group, Inc. 28,263 1,275,227 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) # United Insurance Holdings Corp. 20,864 $ 332,989 United Security Bancshares 2,224 20,906 # Unity Bancorp, Inc. 2,708 50,098 Universal Insurance Holdings, Inc. 55,727 1,329,089 # Univest Corp. of Pennsylvania 27,298 832,589 Unum Group 117,297 5,880,099 Validus Holdings, Ltd. 74,799 4,023,438 # Valley National Bancorp 217,209 2,580,443 Value Line, Inc. 1,300 22,997 # Virtu Financial, Inc. Class A 4,916 81,360 Virtus Investment Partners, Inc. 6,798 800,804 Voya Financial, Inc. 86,684 3,401,480 # Waddell & Reed Financial, Inc. Class A 70,107 1,449,112 * Walker & Dunlop, Inc. 42,143 2,117,686 Washington Federal, Inc. 122,083 4,083,676 # Washington Trust Bancorp, Inc. 18,309 996,925 WashingtonFirst Bankshares, Inc. 2,077 71,116 Waterstone Financial, Inc. 36,010 678,789 Wayne Savings Bancshares, Inc. 243 4,228 # Webster Financial Corp. 93,484 4,854,624 Wells Fargo & Co. 1,393,576 75,169,489 WesBanco, Inc. 42,733 1,633,683 West Bancorporation, Inc. 19,598 450,754 # Westamerica Bancorporation 25,656 1,403,896 * Western Alliance Bancorp 101,538 5,115,484 Western New England Bancorp, Inc. 29,382 292,351 Westwood Holdings Group, Inc. 8,447 497,951 White Mountains Insurance Group, Ltd. 4,535 3,920,961 Willis Towers Watson P.L.C. 46,472 6,918,751 Wintrust Financial Corp. 49,595 3,734,999 # WisdomTree Investments, Inc. 64,470 673,067 #* WMIH Corp. 30,190 34,719 * World Acceptance Corp. 8,220 621,185 WR Berkley Corp. 70,607 4,869,765 WSFS Financial Corp. 34,077 1,538,577 WVS Financial Corp. 757 12,154 #* Xenith Bankshares, Inc. 300 8,454 XL Group, Ltd. 120,112 5,332,973 # Zions Bancorporation 135,981 6,162,659 -------------- Total Financials 1,476,520,913 -------------- Health Care -- (10.3%) Abaxis, Inc. 15,538 730,286 Abbott Laboratories 436,158 21,450,250 AbbVie, Inc. 159,346 11,139,879 * ABIOMED, Inc. 10,100 1,495,709 #* Acadia Healthcare Co., Inc. 68,752 3,639,043 * Accuray, Inc. 33,775 143,544 # Aceto Corp. 27,851 470,125 #* Achillion Pharmaceuticals, Inc. 22,809 93,517 #* Acorda Therapeutics, Inc. 23,989 519,362 #* Adamas Pharmaceuticals, Inc. 5,589 96,969 * Addus HomeCare Corp. 11,870 402,987 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) Aetna, Inc. 117,503 $18,131,888 Agilent Technologies, Inc. 108,165 6,467,185 #* Akorn, Inc. 88,469 2,974,328 #* Albany Molecular Research, Inc. 19,802 430,496 * Alere, Inc. 60,074 3,027,129 * Alexion Pharmaceuticals, Inc. 11,999 1,647,943 * Align Technology, Inc. 36,980 6,184,165 #* Alkermes P.L.C. 16,011 871,159 Allergan P.L.C. 68,827 17,367,117 * Alliance HealthCare Services, Inc. 3,441 45,593 #* Allscripts Healthcare Solutions, Inc. 188,849 2,324,731 * Almost Family, Inc. 16,214 801,782 #* Alnylam Pharmaceuticals, Inc. 15,913 1,316,642 Altimmune, Inc. 350 882 #* AMAG Pharmaceuticals, Inc. 7,668 150,676 #* Amedisys, Inc. 27,457 1,300,364 # AmerisourceBergen Corp. 34,492 3,236,039 Amgen, Inc. 109,613 19,128,565 #* Amicus Therapeutics, Inc. 1,972 25,537 #* AMN Healthcare Services, Inc. 69,236 2,554,808 #* Amphastar Pharmaceuticals, Inc. 17,909 309,468 Analogic Corp. 14,391 1,010,248 * AngioDynamics, Inc. 50,849 826,296 #* ANI Pharmaceuticals, Inc. 8,568 417,519 * Anika Therapeutics, Inc. 16,824 860,716 Anthem, Inc. 83,721 15,589,687 * Aptevo Therapeutics, Inc. 20,118 37,017 #* Aralez Pharmaceuticals, Inc. 19,179 23,207 * Assembly Biosciences, Inc. 5,469 122,560 #* athenahealth, Inc. 14,877 2,057,787 # Atrion Corp. 1,573 994,451 Baxter International, Inc. 108,007 6,532,263 Becton Dickinson and Co. 26,758 5,389,061 * Bio-Rad Laboratories, Inc. Class A 19,968 4,705,060 * Bio-Rad Laboratories, Inc. Class B 630 148,853 # Bio-Techne Corp. 17,342 2,010,111 * Biogen, Inc. 24,175 7,000,838 #* BioMarin Pharmaceutical, Inc. 15,781 1,384,467 #* BioScrip, Inc. 8,203 23,707 * BioSpecifics Technologies Corp. 7,011 341,085 * BioTelemetry, Inc. 40,786 1,394,881 #* Bioverativ, Inc. 33,074 2,049,596 #* Bluebird Bio, Inc. 5,643 531,853 * Boston Scientific Corp. 257,387 6,851,642 #* Bovie Medical Corp. 6,717 16,994 Bristol-Myers Squibb Co. 193,364 11,002,412 #* Brookdale Senior Living, Inc. 127,499 1,810,486 Bruker Corp. 63,710 1,827,203 * Cambrex Corp. 50,769 3,096,909 Cantel Medical Corp. 27,844 2,066,025 #* Capital Senior Living Corp. 30,415 419,727 #* Cara Therapeutics, Inc. 12,849 180,400 Cardinal Health, Inc. 56,563 4,370,057 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) * Catalent, Inc. 82,508 $ 2,863,028 * Celgene Corp. 64,531 8,738,143 * Cempra, Inc. 8,700 34,800 * Centene Corp. 96,041 7,627,576 #* Cerner Corp. 28,400 1,828,108 * Charles River Laboratories International, Inc. 44,923 4,411,439 # Chemed Corp. 14,479 2,859,603 * Chimerix, Inc. 2,066 10,268 Cigna Corp. 70,425 12,222,963 #* Civitas Solutions, Inc. 6,479 115,650 #* Clovis Oncology, Inc. 2,243 190,229 #* Community Health Systems, Inc. 122,296 874,416 # Computer Programs & Systems, Inc. 2,823 86,525 * Concert Pharmaceuticals, Inc. 3,748 54,084 CONMED Corp. 20,661 1,060,323 Cooper Cos., Inc. (The) 19,448 4,742,784 #* Corcept Therapeutics, Inc. 33,117 412,969 * CorVel Corp. 16,620 790,281 CR Bard, Inc. 14,863 4,765,078 #* Cross Country Healthcare, Inc. 27,041 318,002 * CryoLife, Inc. 34,272 642,600 #* Cumberland Pharmaceuticals, Inc. 12,297 82,636 * Cutera, Inc. 8,996 234,346 #* Cyclacel Pharmaceuticals, Inc. 2,509 4,190 Danaher Corp. 156,317 12,738,272 * DaVita, Inc. 123,398 7,993,722 DENTSPLY SIRONA, Inc. 93,488 5,799,061 #* Depomed, Inc. 62,657 645,994 #* DexCom, Inc. 8,806 586,568 Digirad Corp. 8,621 35,346 * Diplomat Pharmacy, Inc. 14,979 237,717 #* Eagle Pharmaceuticals, Inc. 6,909 339,577 * Edwards Lifesciences Corp. 35,600 4,100,408 Eli Lilly & Co. 73,109 6,043,190 #* Emergent BioSolutions, Inc. 28,252 1,027,525 * Enanta Pharmaceuticals, Inc. 9,521 362,845 #* Endo International P.L.C. 93,217 1,027,251 # Ensign Group, Inc. (The) 53,101 1,187,869 #* Envision Healthcare Corp. 94,208 5,316,157 * Enzo Biochem, Inc. 65,415 709,753 * Epizyme, Inc. 1,006 11,468 #* Exact Sciences Corp. 2,778 107,786 * Exactech, Inc. 13,685 398,918 * Exelixis, Inc. 69,994 1,897,537 * Express Scripts Holding Co. 252,286 15,803,195 #* Five Prime Therapeutics, Inc. 46,549 1,309,889 * Five Star Senior Living, Inc. 4,925 7,880 #* Fluidigm Corp. 3,288 12,363 * Genesis Healthcare, Inc. 12,117 17,448 #* Genocea Biosciences, Inc. 2,269 12,911 Gilead Sciences, Inc. 241,116 18,346,516 #* Globus Medical, Inc. Class A 66,626 2,048,750 * Haemonetics Corp. 31,807 1,308,222 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Health Care -- (Continued) #* Halyard Health, Inc. 57,600 $ 2,316,672 #* Hanger, Inc. 14,155 164,198 * Harvard Bioscience, Inc. 31,221 87,419 * HCA Healthcare, Inc. 21,318 1,712,688 #* HealthEquity, Inc. 14,396 660,345 HealthSouth Corp. 73,930 3,146,461 * HealthStream, Inc. 31,090 734,346 #* Henry Schein, Inc. 28,323 5,160,734 #* Heska Corp. 2,000 219,080 Hill-Rom Holdings, Inc. 83,848 6,248,353 * HMS Holdings Corp. 70,980 1,425,278 #* Hologic, Inc. 197,703 8,740,450 #* Horizon Pharma P.L.C. 103,100 1,235,138 Humana, Inc. 62,179 14,375,785 * ICU Medical, Inc. 14,886 2,558,903 #* IDEXX Laboratories, Inc. 26,214 4,363,582 * Illumina, Inc. 8,304 1,443,650 #* Impax Laboratories, Inc. 55,363 1,071,274 * INC Research Holdings, Inc. Class A 45,489 2,501,895 * Incyte Corp. 30,212 4,026,958 #* Innoviva, Inc. 2,689 36,893 * Inogen, Inc. 10,076 950,973 #* Inotek Pharmaceuticals Corp. 4,300 3,925 #* Insys Therapeutics, Inc. 8,375 95,978 * Integer Holdings Corp. 23,105 1,058,209 #* Integra LifeSciences Holdings Corp. 56,322 2,796,951 #* Intuitive Surgical, Inc. 3,021 2,834,483 # Invacare Corp. 27,734 434,037 #* Ionis Pharmaceuticals, Inc. 5,933 310,889 * IRIDEX Corp. 3,478 32,693 #* Jazz Pharmaceuticals P.L.C. 27,207 4,179,267 Johnson & Johnson 436,438 57,924,051 #* Juniper Pharmaceuticals, Inc. 1,325 6,559 * K2M Group Holdings, Inc. 1,000 24,330 * Karyopharm Therapeutics, Inc. 20,164 170,184 Kewaunee Scientific Corp. 1,276 32,283 * Kindred Biosciences, Inc. 33,036 241,163 # Kindred Healthcare, Inc. 82,860 741,597 #* Kite Pharma, Inc. 2,562 277,746 * Laboratory Corp. of America Holdings 49,238 7,824,411 Landauer, Inc. 6,717 365,741 #* Lannett Co., Inc. 25,229 513,410 * Lantheus Holdings, Inc. 6,572 121,253 # LeMaitre Vascular, Inc. 18,926 682,661 * LHC Group, Inc. 19,820 1,147,578 * LifePoint Health, Inc. 36,862 2,189,603 #* Ligand Pharmaceuticals, Inc. 11,658 1,409,569 #* Lipocine, Inc. 7,403 37,533 * LivaNova P.L.C. 12,633 769,855 Luminex Corp. 35,384 722,895 * Magellan Health, Inc. 26,057 1,942,549 * Mallinckrodt P.L.C. 43,879 2,009,658 * Masimo Corp. 49,812 4,712,215 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Health Care -- (Continued) McKesson Corp. 38,944 $ 6,303,865 #* Medicines Co. (The) 14,594 561,139 #* MediciNova, Inc. 4,504 23,466 #* Medidata Solutions, Inc. 1,956 150,240 #* MEDNAX, Inc. 63,776 2,996,197 Medtronic P.L.C. 231,378 19,428,811 Merck & Co., Inc. 600,469 38,357,960 # Meridian Bioscience, Inc. 40,297 546,024 * Merit Medical Systems, Inc. 38,100 1,562,100 * Mettler-Toledo International, Inc. 4,795 2,747,919 * Misonix, Inc. 434 3,689 #* Molina Healthcare, Inc. 66,038 4,411,338 #* Momenta Pharmaceuticals, Inc. 13,135 217,384 * Mylan NV 107,968 4,209,672 #* Myriad Genetics, Inc. 53,242 1,292,183 National HealthCare Corp. 12,018 783,213 National Research Corp. Class A 8,940 262,836 National Research Corp. Class B 1,390 70,112 #* Natus Medical, Inc. 27,143 955,434 * Neogen Corp. 24,230 1,596,030 #* NeoGenomics, Inc. 8,413 79,503 #* Neurocrine Biosciences, Inc. 9,115 437,793 #* NuVasive, Inc. 42,846 2,818,838 * Nuvectra Corp. 5,940 69,260 #* Omnicell, Inc. 33,662 1,669,635 #* Opko Health, Inc. 81,307 524,430 * OraSure Technologies, Inc. 52,558 921,867 * Orthofix International NV 13,586 589,361 * Otonomy, Inc. 8,162 153,446 # Owens & Minor, Inc. 63,817 2,056,822 * PAREXEL International Corp. 49,066 4,294,256 # Patterson Cos., Inc. 100,517 4,193,569 # PDL BioPharma, Inc. 47,168 107,071 PerkinElmer, Inc. 64,288 4,232,079 # Perrigo Co. P.L.C. 10,435 781,790 Pfizer, Inc. 1,952,589 64,747,851 * PharMerica Corp. 30,833 775,450 Phibro Animal Health Corp. Class A 10,941 417,946 * PRA Health Sciences, Inc. 26,036 1,937,078 #* Premier, Inc. Class A 34,008 1,186,879 #* Prestige Brands Holdings, Inc. 59,288 3,179,615 #* Progenics Pharmaceuticals, Inc. 10,564 63,701 * Providence Service Corp. (The) 13,149 677,699 Psychemedics Corp. 478 12,218 #* PTC Therapeutics, Inc. 20,137 415,225 * Quality Systems, Inc. 40,447 691,644 Quest Diagnostics, Inc. 83,636 9,058,615 #* Quidel Corp. 21,756 695,974 #* Quintiles IMS Holdings, Inc. 30,528 2,764,310 * Quorum Health Corp. 4,540 15,481 * R1 RCM, Inc. 79,598 269,837 * RadNet, Inc. 32,644 251,359 * Regeneron Pharmaceuticals, Inc. 10,000 4,916,200 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) * Repligen Corp. 20,912 $ 842,126 # ResMed, Inc. 46,588 3,592,867 #* Retrophin, Inc. 30,427 615,843 #* Rigel Pharmaceuticals, Inc. 21,909 51,924 * RTI Surgical, Inc. 46,288 263,842 * SciClone Pharmaceuticals, Inc. 48,747 533,780 #* SeaSpine Holdings Corp. 6,547 73,850 #* Seattle Genetics, Inc. 19,300 974,650 #* Select Medical Holdings Corp. 151,269 2,450,558 Simulations Plus, Inc. 6,759 100,033 #* Spectrum Pharmaceuticals, Inc. 59,028 440,349 #* Stemline Therapeutics, Inc. 2,738 25,190 STERIS P.L.C. 28,198 2,308,006 Stryker Corp. 28,034 4,123,801 #* Sucampo Pharmaceuticals, Inc. Class A 52,061 564,862 #* Supernus Pharmaceuticals, Inc. 24,620 995,879 #* Surgery Partners, Inc. 13,659 271,131 * Surmodics, Inc. 14,009 368,437 #* Taro Pharmaceutical Industries, Ltd. 13,514 1,545,056 Teleflex, Inc. 31,841 6,598,092 #* Tenet Healthcare Corp. 184,767 3,205,707 #* TESARO, Inc. 9,200 1,174,472 * Tetraphase Pharmaceuticals, Inc. 13,862 90,658 Thermo Fisher Scientific, Inc. 99,017 17,380,454 #* Titan Pharmaceuticals, Inc. 6,421 12,200 #* Tivity Health, Inc. 50,493 2,002,047 * Triple-S Management Corp. Class B 20,667 319,925 #* United Therapeutics Corp. 57,326 7,360,658 UnitedHealth Group, Inc. 234,939 45,063,650 Universal Health Services, Inc. Class B 54,205 6,007,540 US Physical Therapy, Inc. 14,695 927,255 Utah Medical Products, Inc. 2,921 201,841 #* Varex Imaging Corp. 28,823 889,190 #* Varian Medical Systems, Inc. 15,976 1,551,589 * VCA, Inc. 69,362 6,421,534 #* Veeva Systems, Inc. Class A 25,160 1,604,202 #* Versartis, Inc. 4,205 77,793 * Vertex Pharmaceuticals, Inc. 13,281 2,016,321 * VWR Corp. 133,699 4,412,067 * Waters Corp. 11,100 1,925,184 * WellCare Health Plans, Inc. 46,932 8,306,495 West Pharmaceutical Services, Inc. 47,387 4,203,227 #* Wright Medical Group NV 22,511 591,364 #* Xencor, Inc. 11,119 259,629 Zimmer Biomet Holdings, Inc. 41,888 5,081,852 Zoetis, Inc. 102,206 6,389,919 * Zogenix, Inc. 4,432 53,184 ------------ Total Health Care 872,526,463 ------------ Industrials -- (13.0%) 3M Co. 61,748 12,421,845 # AAON, Inc. 49,088 1,659,174 AAR Corp. 31,373 1,173,350 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) ABM Industries, Inc. 51,409 $2,293,870 * Acacia Research Corp. 13,741 47,406 * ACCO Brands Corp. 118,364 1,378,941 Acme United Corp. 1,355 37,493 # Actuant Corp. Class A 51,484 1,245,913 # Acuity Brands, Inc. 20,272 4,108,121 # Advanced Drainage Systems, Inc. 33,482 688,055 * Advisory Board Co. (The) 26,755 1,503,631 * AECOM 130,395 4,159,600 * Aegion Corp. 26,023 622,991 #* Aerojet Rocketdyne Holdings, Inc. 52,487 1,230,820 #* Aerovironment, Inc. 19,815 748,809 AGCO Corp. 74,434 5,369,669 # Air Lease Corp. 115,878 4,586,451 * Air Transport Services Group, Inc. 106,954 2,605,399 Alamo Group, Inc. 9,035 840,345 Alaska Air Group, Inc. 101,132 8,619,480 # Albany International Corp. Class A 25,848 1,382,868 Allegiant Travel Co. 17,320 2,238,610 # Allegion P.L.C. 23,005 1,868,926 Allied Motion Technologies, Inc. 11,402 337,385 # Allison Transmission Holdings, Inc. 154,911 5,855,636 Altra Industrial Motion Corp. 36,432 1,623,046 AMERCO 15,147 5,885,518 * Ameresco, Inc. Class A 6,979 45,712 # American Airlines Group, Inc. 69,511 3,506,135 # American Railcar Industries, Inc. 15,398 566,184 * American Woodmark Corp. 22,313 2,190,021 AMETEK, Inc. 88,306 5,437,883 * AMREP Corp. 2,552 17,558 AO Smith Corp. 77,020 4,124,421 # Apogee Enterprises, Inc. 34,742 1,809,711 Applied Industrial Technologies, Inc. 38,812 2,192,878 * ARC Document Solutions, Inc. 34,325 118,765 ArcBest Corp. 18,043 501,595 Arconic, Inc. 152,871 3,789,672 # Argan, Inc. 30,716 1,979,646 * Armstrong Flooring, Inc. 34,801 604,145 #* Armstrong World Industries, Inc. 46,547 2,259,857 #* Arotech Corp. 3,575 12,870 Astec Industries, Inc. 20,847 1,047,979 * Astronics Corp. 21,496 628,758 #* Astronics Corp. Class B 9,797 287,297 #* Atlas Air Worldwide Holdings, Inc. 27,075 1,608,255 #* Avis Budget Group, Inc. 115,605 3,558,322 #* Axon Enterprise, Inc. 35,700 877,863 # AZZ, Inc. 27,399 1,389,129 #* Babcock & Wilcox Enterprises, Inc. 37,828 397,194 Barnes Group, Inc. 72,582 4,367,985 # Barrett Business Services, Inc. 9,380 516,181 * Beacon Roofing Supply, Inc. 54,692 2,512,004 * Blue Bird Corp. 1,952 34,648 * BlueLinx Holdings, Inc. 2,406 25,143 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) #* BMC Stock Holdings, Inc. 27,165 $ 597,630 Boeing Co. (The) 58,869 14,273,378 Brady Corp. Class A 38,963 1,293,572 Briggs & Stratton Corp. 35,271 826,047 Brink's Co. (The) 68,053 5,318,342 #* Builders FirstSource, Inc. 122,011 1,911,912 BWX Technologies, Inc. 88,203 4,646,534 * CAI International, Inc. 19,903 522,056 Carlisle Cos., Inc. 46,196 4,508,268 * Casella Waste Systems, Inc. Class A 42,430 711,975 Caterpillar, Inc. 126,177 14,377,869 * CBIZ, Inc. 74,325 1,103,726 * CDI Corp. 12,428 102,531 CECO Environmental Corp. 18,753 181,154 # Celadon Group, Inc. 15,265 69,456 #* Cenveo, Inc. 3,300 19,800 # CH Robinson Worldwide, Inc. 25,800 1,692,480 #* Chart Industries, Inc. 43,585 1,481,890 # Chicago Bridge & Iron Co. NV 46,116 864,214 # Cintas Corp. 43,381 5,849,928 CIRCOR International, Inc. 16,874 844,712 #* Clean Harbors, Inc. 61,487 3,492,462 * Colfax Corp. 88,873 3,668,677 Columbus McKinnon Corp. 18,658 481,376 Comfort Systems USA, Inc. 42,870 1,427,571 #* Command Security Corp. 800 2,536 * Commercial Vehicle Group, Inc. 44,627 391,825 CompX International, Inc. 294 4,263 * Continental Building Products, Inc. 44,234 973,148 Copa Holdings SA Class A 29,180 3,660,923 * Copart, Inc. 150,908 4,752,093 Costamare, Inc. 37,370 240,289 # Covanta Holding Corp. 261,525 3,949,027 * Covenant Transportation Group, Inc. Class A 15,080 282,750 #* CPI Aerostructures, Inc. 7,107 67,517 CRA International, Inc. 9,617 373,236 Crane Co. 62,637 4,729,093 * CSW Industrials, Inc. 2,352 91,846 CSX Corp. 311,864 15,387,370 Cubic Corp. 24,510 1,167,902 Cummins, Inc. 50,480 8,475,592 Curtiss-Wright Corp. 47,705 4,599,716 Deere & Co. 56,773 7,282,840 Delta Air Lines, Inc. 338,350 16,700,956 # Deluxe Corp. 63,252 4,566,794 * DigitalGlobe, Inc. 88,032 3,072,317 DMC Global, Inc. 14,992 208,389 # Donaldson Co., Inc. 85,723 4,070,985 Douglas Dynamics, Inc. 35,005 1,113,159 Dover Corp. 75,406 6,334,104 * Ducommun, Inc. 13,169 381,374 Dun & Bradstreet Corp. (The) 15,096 1,672,033 * DXP Enterprises, Inc. 19,774 565,339 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) #* Dycom Industries, Inc. 45,595 $ 4,130,907 #* Eagle Bulk Shipping, Inc. 1,785 7,729 Eastern Co. (The) 2,778 80,840 Eaton Corp. P.L.C. 113,513 8,882,392 #* Echo Global Logistics, Inc. 25,514 348,266 Ecology and Environment, Inc. Class A 903 11,288 EMCOR Group, Inc. 63,337 4,275,247 # Emerson Electric Co. 87,567 5,219,869 Encore Wire Corp. 22,690 1,011,974 EnerSys 46,650 3,371,395 * Engility Holdings, Inc. 26,006 758,595 Ennis, Inc. 34,457 663,297 EnPro Industries, Inc. 19,448 1,497,885 Equifax, Inc. 42,708 6,211,452 # ESCO Technologies, Inc. 25,975 1,602,658 Espey Manufacturing & Electronics Corp. 1,611 36,199 Essendant, Inc. 23,200 289,536 * Esterline Technologies Corp. 35,111 3,388,211 #* ExOne Co. (The) 9,959 112,238 # Expeditors International of Washington, Inc. 30,980 1,824,102 Exponent, Inc. 25,000 1,630,000 # Fastenal Co. 48,988 2,104,524 Federal Signal Corp. 71,942 1,330,927 FedEx Corp. 96,271 20,027,256 # Flowserve Corp. 58,692 2,414,002 Fluor Corp. 66,345 2,881,363 Fortive Corp. 61,537 3,983,905 # Fortune Brands Home & Security, Inc. 69,039 4,533,791 Forward Air Corp. 23,929 1,240,240 * Franklin Covey Co. 13,311 248,250 Franklin Electric Co., Inc. 37,615 1,519,646 FreightCar America, Inc. 12,603 207,193 * FTI Consulting, Inc. 59,748 1,960,332 # GATX Corp. 35,809 2,214,070 * Gencor Industries, Inc. 2,250 36,113 * Generac Holdings, Inc. 82,517 2,968,136 # General Cable Corp. 39,125 755,113 General Dynamics Corp. 64,163 12,597,122 General Electric Co. 1,383,002 35,418,681 #* Genesee & Wyoming, Inc. Class A 58,444 3,808,211 * Gibraltar Industries, Inc. 28,317 845,262 Global Brass & Copper Holdings, Inc. 38,224 1,225,079 * GMS, Inc. 19,723 592,084 #* Goldfield Corp. (The) 31,656 161,446 Gorman-Rupp Co. (The) 35,293 1,066,554 * GP Strategies Corp. 20,022 573,630 Graco, Inc. 31,317 3,634,025 Graham Corp. 7,036 140,790 # Granite Construction, Inc. 33,903 1,661,925 * Great Lakes Dredge & Dock Corp. 53,902 212,913 Greenbrier Cos., Inc. (The) 19,443 874,935 # Griffon Corp. 40,850 837,425 # H&E Equipment Services, Inc. 54,015 1,219,119 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Hardinge, Inc. 7,258 $ 87,822 * Harsco Corp. 108,658 1,678,766 #* Hawaiian Holdings, Inc. 81,850 3,388,590 * HD Supply Holdings, Inc. 56,441 1,833,768 # Healthcare Services Group, Inc. 24,507 1,280,491 # Heartland Express, Inc. 111,403 2,353,945 # HEICO Corp. 27,534 2,212,908 HEICO Corp. Class A 40,223 2,857,844 Heidrick & Struggles International, Inc. 16,909 306,053 #* Herc Holdings, Inc. 39,361 1,786,202 * Heritage-Crystal Clean, Inc. 6,925 130,190 Herman Miller, Inc. 79,989 2,693,630 #* Hertz Global Holdings, Inc. 47,064 643,365 Hexcel Corp. 107,617 5,506,762 * Hill International, Inc. 33,244 167,882 Hillenbrand, Inc. 103,461 3,724,596 HNI Corp. 59,435 2,243,671 Honeywell International, Inc. 98,401 13,394,344 Houston Wire & Cable Co. 12,789 73,537 * Hub Group, Inc. Class A 32,861 1,118,917 Hubbell, Inc. 42,593 5,059,622 Hudson Global, Inc. 18,692 25,047 #* Hudson Technologies, Inc. 37,672 304,766 Huntington Ingalls Industries, Inc. 41,775 8,610,245 Hurco Cos., Inc. 8,108 267,159 * Huron Consulting Group, Inc. 22,076 783,698 #* Huttig Building Products, Inc. 5,571 39,721 Hyster-Yale Materials Handling, Inc. 8,915 631,717 * ICF International, Inc. 21,044 952,241 IDEX Corp. 45,722 5,328,442 #* IES Holdings, Inc. 14,183 241,111 Illinois Tool Works, Inc. 40,408 5,685,810 Ingersoll-Rand P.L.C. 122,624 10,776,197 * InnerWorkings, Inc. 85,242 1,005,003 * Innovative Solutions & Support, Inc. 12,137 48,669 Insperity, Inc. 26,173 1,976,062 Insteel Industries, Inc. 26,337 693,190 # Interface, Inc. 77,195 1,462,845 * Intersections, Inc. 10,290 45,173 ITT, Inc. 91,601 3,755,641 Jacobs Engineering Group, Inc. 73,738 3,887,467 JB Hunt Transport Services, Inc. 23,195 2,104,018 * JetBlue Airways Corp. 274,909 6,028,754 # John Bean Technologies Corp. 20,762 1,918,409 Johnson Controls International P.L.C. 194,706 7,583,799 Kadant, Inc. 8,863 691,757 # Kaman Corp. 33,678 1,721,619 Kansas City Southern 50,400 5,200,776 KAR Auction Services, Inc. 149,684 6,292,715 # KBR, Inc. 128,328 1,914,654 Kelly Services, Inc. Class A 36,850 820,650 Kennametal, Inc. 85,843 3,167,607 * Key Technology, Inc. 1,967 28,128 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) * KEYW Holding Corp. (The) 9,246 $ 81,642 Kforce, Inc. 43,428 812,104 Kimball International, Inc. Class B 64,000 1,066,880 #* Kirby Corp. 55,355 3,371,119 #* KLX, Inc. 59,017 3,064,163 Knight Transportation, Inc. 93,678 3,339,621 Knoll, Inc. 64,774 1,254,025 Korn/Ferry International 64,344 2,152,307 #* Kratos Defense & Security Solutions, Inc. 68,697 756,010 L3 Technologies, Inc. 41,625 7,283,126 Landstar System, Inc. 25,129 2,089,476 * Lawson Products, Inc. 6,294 145,077 #* Layne Christensen Co. 5,229 55,375 LB Foster Co. Class A 9,303 163,733 # Lennox International, Inc. 18,053 3,087,063 Lincoln Electric Holdings, Inc. 59,616 5,202,092 Lindsay Corp. 7,563 693,300 Lockheed Martin Corp. 22,535 6,583,150 LS Starrett Co. (The) Class A 2,592 20,736 LSC Communications, Inc. 22,121 472,947 LSI Industries, Inc. 20,861 174,607 * Lydall, Inc. 16,522 817,839 Macquarie Infrastructure Corp. 30,381 2,303,184 #* Manitowoc Co., Inc. (The) 156,977 896,339 ManpowerGroup, Inc. 45,721 4,899,005 Marten Transport, Ltd. 39,888 636,214 Masco Corp. 55,907 2,131,734 * Masonite International Corp. 27,894 2,165,969 #* MasTec, Inc. 84,560 3,906,672 Matson, Inc. 59,266 1,671,301 Matthews International Corp. Class A 26,123 1,712,363 McGrath RentCorp 24,592 873,754 #* Mercury Systems, Inc. 30,670 1,346,720 #* Meritor, Inc. 78,212 1,351,503 #* Middleby Corp. (The) 22,500 2,940,300 #* Milacron Holdings Corp. 19,185 344,946 Miller Industries, Inc. 10,037 261,966 #* Mistras Group, Inc. 24,898 501,695 Mobile Mini, Inc. 49,474 1,523,799 * Moog, Inc. Class A 34,408 2,557,203 * Moog, Inc. Class B 2,329 175,420 * MRC Global, Inc. 110,428 1,804,394 MSA Safety, Inc. 37,215 2,983,154 MSC Industrial Direct Co., Inc. Class A 53,995 3,844,984 Mueller Industries, Inc. 74,969 2,361,524 Mueller Water Products, Inc. Class A 272,505 3,161,058 # Multi-Color Corp. 17,778 1,431,129 * MYR Group, Inc. 25,013 795,664 National Presto Industries, Inc. 4,062 459,412 * Navigant Consulting, Inc. 61,700 1,044,581 #* Navistar International Corp. 35,779 1,100,920 * NCI Building Systems, Inc. 87,887 1,581,966 #* Neff Corp. Class A 1,019 21,399 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Nielsen Holdings P.L.C. 121,965 $ 5,245,715 * NL Industries, Inc. 25,445 198,471 NN, Inc. 31,451 871,193 # Nordson Corp. 32,551 4,133,977 Norfolk Southern Corp. 96,853 10,903,711 Northrop Grumman Corp. 40,050 10,538,356 * Northwest Pipe Co. 3,377 51,026 #* NOW, Inc. 90,730 1,445,329 #* NV5 Global, Inc. 9,476 393,728 Old Dominion Freight Line, Inc. 78,404 7,519,728 # Omega Flex, Inc. 3,089 185,464 * On Assignment, Inc. 48,088 2,368,334 Orbital ATK, Inc. 45,415 4,640,505 * Orion Group Holdings, Inc. 13,143 92,264 Oshkosh Corp. 78,392 5,398,073 Owens Corning 95,607 6,410,449 PACCAR, Inc. 120,517 8,249,389 * PAM Transportation Services, Inc. 4,411 77,325 Park-Ohio Holdings Corp. 11,599 461,060 Parker-Hannifin Corp. 60,109 9,976,892 * Patrick Industries, Inc. 27,195 2,069,540 * Patriot Transportation Holding, Inc. 1,695 33,908 * Pendrell Corp. 1,824 12,732 Pentair P.L.C. 70,577 4,451,291 * Performant Financial Corp. 53,477 106,954 * Perma-Pipe International Holdings, Inc. 2,769 21,875 #* PGT Innovations, Inc. 69,971 909,623 # Pitney Bowes, Inc. 72,858 1,146,785 * Ply Gem Holdings, Inc. 46,115 807,013 Powell Industries, Inc. 12,073 384,525 Preformed Line Products Co. 3,262 158,925 Primoris Services Corp. 47,810 1,191,425 #* Proto Labs, Inc. 14,930 1,103,327 # Quad/Graphics, Inc. 54,010 1,213,065 Quanex Building Products Corp. 40,803 877,265 * Quanta Services, Inc. 134,118 4,523,800 #* Radiant Logistics, Inc. 30,437 131,792 Raven Industries, Inc. 27,465 944,796 Raytheon Co. 53,816 9,243,974 * RBC Bearings, Inc. 21,455 2,217,160 * RCM Technologies, Inc. 6,052 32,197 Regal Beloit Corp. 39,620 3,302,327 Republic Services, Inc. 147,636 9,481,184 # Resources Connection, Inc. 48,687 649,971 #* Rexnord Corp. 114,055 2,641,514 * Roadrunner Transportation Systems, Inc. 11,701 81,673 Robert Half International, Inc. 49,195 2,226,074 Rockwell Automation, Inc. 24,820 4,096,045 Rockwell Collins, Inc. 55,667 5,930,206 # Rollins, Inc. 57,217 2,483,790 # Roper Technologies, Inc. 27,031 6,283,626 * RPX Corp. 49,873 681,764 # RR Donnelley & Sons Co. 47,069 581,773 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) * Rush Enterprises, Inc. Class A 31,953 $ 1,378,133 * Rush Enterprises, Inc. Class B 1,308 53,209 Ryder System, Inc. 77,702 5,653,598 * Saia, Inc. 29,012 1,576,802 #* Sensata Technologies Holding NV 91,982 4,150,228 * SIFCO Industries, Inc. 1,400 9,380 # Simpson Manufacturing Co., Inc. 38,264 1,694,713 SkyWest, Inc. 43,514 1,588,261 # Snap-on, Inc. 35,034 5,402,243 Southwest Airlines Co. 295,122 16,382,222 * SP Plus Corp. 16,895 552,467 * Sparton Corp. 9,428 217,410 # Spartan Motors, Inc. 27,820 246,207 Spirit Aerosystems Holdings, Inc. Class A 77,839 4,703,811 #* Spirit Airlines, Inc. 77,110 2,995,723 * SPX Corp. 32,236 887,135 * SPX FLOW, Inc. 39,354 1,395,493 Standex International Corp. 11,980 1,149,481 Stanley Black & Decker, Inc. 66,513 9,357,714 Steelcase, Inc. Class A 89,286 1,218,754 #* Stericycle, Inc. 36,479 2,811,801 * Sterling Construction Co., Inc. 23,119 295,461 Sun Hydraulics Corp. 19,556 808,836 Supreme Industries, Inc. Class A 22,877 344,070 #* Swift Transportation Co. 98,117 2,501,983 #* Team, Inc. 29,780 427,343 * Teledyne Technologies, Inc. 36,672 4,999,860 # Tennant Co. 17,548 1,325,751 # Terex Corp. 88,348 3,478,261 Tetra Tech, Inc. 54,989 2,609,228 Textainer Group Holdings, Ltd. 21,192 343,310 Textron, Inc. 146,297 7,187,572 #* Thermon Group Holdings, Inc. 27,287 487,619 Timken Co. (The) 65,112 2,962,596 # Titan International, Inc. 37,619 479,642 * Titan Machinery, Inc. 11,182 199,599 Toro Co. (The) 42,200 2,999,998 # TransDigm Group, Inc. 7,720 2,178,121 * TransUnion 34,050 1,560,512 #* Trex Co., Inc. 29,072 2,186,505 * TriMas Corp. 27,608 672,255 * TriNet Group, Inc. 49,031 1,716,085 Trinity Industries, Inc. 181,440 4,973,270 Triton International, Ltd. 40,332 1,454,372 # Triumph Group, Inc. 64,705 1,656,448 * TrueBlue, Inc. 32,810 838,296 #* Tutor Perini Corp. 41,567 1,105,682 * Twin Disc, Inc. 7,316 123,787 * Ultralife Corp. 4,610 31,809 UniFirst Corp. 15,110 2,149,398 Union Pacific Corp. 237,535 24,456,604 * United Continental Holdings, Inc. 208,186 14,090,028 United Parcel Service, Inc. Class B 62,720 6,917,389 * United Rentals, Inc. 99,066 11,784,891 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Industrials -- (Continued) United Technologies Corp. 294,265 $ 34,891,001 #* Univar, Inc. 61,641 1,913,337 Universal Forest Products, Inc. 18,443 1,546,446 Universal Logistics Holdings, Inc. 15,886 231,141 # US Ecology, Inc. 24,866 1,290,545 * USA Truck, Inc. 5,237 48,495 #* USG Corp. 156,595 4,234,329 Valmont Industries, Inc. 20,427 3,119,203 * Vectrus, Inc. 9,619 327,142 #* Verisk Analytics, Inc. 30,548 2,665,618 * Veritiv Corp. 6,115 227,172 Viad Corp. 21,609 1,157,162 * Vicor Corp. 14,805 262,789 * Virco Manufacturing Corp. 2,861 15,592 * Volt Information Sciences, Inc. 9,139 33,357 VSE Corp. 9,364 485,523 # Wabash National Corp. 80,993 1,545,346 #* WABCO Holdings, Inc. 22,854 3,144,025 # Wabtec Corp. 51,179 3,856,849 Waste Management, Inc. 99,177 7,453,152 # Watsco, Inc. 23,954 3,611,545 Watsco, Inc. Class B 1,750 266,446 Watts Water Technologies, Inc. Class A 19,431 1,251,356 #* Welbilt, Inc. 87,854 1,712,274 Werner Enterprises, Inc. 91,133 2,702,093 #* Wesco Aircraft Holdings, Inc. 77,932 845,562 * WESCO International, Inc. 53,652 2,749,665 West Corp. 58,131 1,358,521 #* Willdan Group, Inc. 8,575 288,206 #* Willis Lease Finance Corp. 4,690 118,563 Woodward, Inc. 62,104 4,343,554 # WW Grainger, Inc. 12,350 2,059,239 #* Xerium Technologies, Inc. 6,326 45,990 #* XPO Logistics, Inc. 138,933 8,351,263 # Xylem, Inc. 89,170 5,058,614 * YRC Worldwide, Inc. 34,478 458,213 -------------- Total Industrials 1,102,610,542 -------------- Information Technology -- (17.1%) #* 3D Systems Corp. 25,017 420,286 Accenture P.L.C. Class A 58,582 7,546,533 #* ACI Worldwide, Inc. 128,368 2,974,287 Activision Blizzard, Inc. 172,928 10,683,492 * Actua Corp. 48,438 653,913 * Acxiom Corp. 62,947 1,697,681 * Adobe Systems, Inc. 24,312 3,561,465 ADTRAN, Inc. 36,731 861,342 * Advanced Energy Industries, Inc. 42,816 3,106,301 #* Advanced Micro Devices, Inc. 326,713 4,446,564 * Agilysys, Inc. 23,530 236,712 * Akamai Technologies, Inc. 77,383 3,647,835 # Alliance Data Systems Corp. 12,645 3,052,882 * Alpha & Omega Semiconductor, Ltd. 29,552 523,070 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * Alphabet, Inc. Class A 34,523 $ 32,641,496 * Alphabet, Inc. Class C 36,168 33,654,324 Amdocs, Ltd. 55,413 3,722,091 American Software, Inc. Class A 18,753 181,904 * Amkor Technology, Inc. 247,512 2,566,699 Amphenol Corp. Class A 46,775 3,583,900 * Amtech Systems, Inc. 4,680 41,324 Analog Devices, Inc. 108,455 8,569,030 #* Angie's List, Inc. 18,044 216,167 * Anixter International, Inc. 32,237 2,538,664 * ANSYS, Inc. 28,861 3,738,943 Apple, Inc. 1,125,427 167,384,758 Applied Materials, Inc. 164,824 7,303,351 #* Applied Optoelectronics, Inc. 4,364 425,446 * Arista Networks, Inc. 18,089 2,700,507 * ARRIS International P.L.C. 141,702 3,961,988 * Arrow Electronics, Inc. 76,010 6,178,853 #* Aspen Technology, Inc. 42,849 2,436,823 AstroNova, Inc. 3,998 55,172 * Autodesk, Inc. 16,100 1,783,719 Automatic Data Processing, Inc. 34,523 4,105,130 #* Avid Technology, Inc. 42,376 218,236 Avnet, Inc. 110,063 4,224,218 AVX Corp. 113,660 2,031,104 * Aware, Inc. 4,426 20,360 * Axcelis Technologies, Inc. 28,404 630,569 * AXT, Inc. 46,079 403,191 # Badger Meter, Inc. 28,909 1,308,132 * Bankrate, Inc. 6,707 93,227 * Barracuda Networks, Inc. 51,660 1,160,800 * Bazaarvoice, Inc. 35,854 168,514 Bel Fuse, Inc. Class A 1,600 34,720 Bel Fuse, Inc. Class B 10,720 270,680 # Belden, Inc. 42,458 3,054,429 * Benchmark Electronics, Inc. 52,100 1,753,165 Black Box Corp. 15,302 120,886 #* Black Knight Financial Services, Inc. Class A 7,032 298,860 # Blackbaud, Inc. 27,523 2,541,474 * Blackhawk Network Holdings, Inc. 43,338 1,891,704 * Blucora, Inc. 52,563 1,177,411 Booz Allen Hamilton Holding Corp. 74,820 2,566,326 * Bottomline Technologies de, Inc. 17,340 493,843 Broadcom, Ltd. 63,597 15,686,836 Broadridge Financial Solutions, Inc. 58,348 4,426,279 #* BroadSoft, Inc. 2,536 111,711 Brocade Communications Systems, Inc. 349,196 4,410,345 Brooks Automation, Inc. 74,905 1,839,667 * BSQUARE Corp. 12,344 70,361 CA, Inc. 202,085 6,272,718 Cabot Microelectronics Corp. 21,181 1,570,571 * CACI International, Inc. Class A 24,183 3,025,293 * Cadence Design Systems, Inc. 96,715 3,568,783 #* CalAmp Corp. 21,019 401,463 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * Calix, Inc. 43,381 $ 297,160 #* Carbonite, Inc. 27,006 637,342 #* Cardtronics P.L.C. Class A 67,829 2,123,048 #* Cars.com, Inc. 86,890 2,111,427 Cass Information Systems, Inc. 9,709 640,406 #* Cavium, Inc. 14,883 921,853 CDK Global, Inc. 25,892 1,703,176 CDW Corp. 75,620 4,796,577 * Ceva, Inc. 13,751 635,984 #* Ciena Corp. 113,306 2,917,629 #* Cimpress NV 38,848 3,427,948 * Cirrus Logic, Inc. 61,753 3,794,104 Cisco Systems, Inc. 1,672,490 52,599,810 * Citrix Systems, Inc. 26,443 2,088,468 * Clearfield, Inc. 7,734 88,941 Cognex Corp. 49,051 4,662,788 Cognizant Technology Solutions Corp. Class A 165,341 11,461,438 * Coherent, Inc. 21,708 5,752,620 Cohu, Inc. 24,624 448,649 * CommerceHub, Inc. Series A 7,999 145,902 * CommerceHub, Inc. Series C 15,998 287,644 * CommScope Holding Co., Inc. 123,876 4,556,159 Communications Systems, Inc. 6,432 27,658 Computer Task Group, Inc. 11,157 61,587 Comtech Telecommunications Corp. 4,526 81,468 Concurrent Computer Corp. 5,474 36,895 * Conduent, Inc. 138,185 2,281,434 #* Control4 Corp. 7,306 166,942 Convergys Corp. 101,450 2,431,756 * CoreLogic, Inc. 97,489 4,440,624 Corning, Inc. 290,852 8,475,427 #* CoStar Group, Inc. 9,906 2,729,598 # CPI Card Group, Inc. 1,796 5,298 * Cray, Inc. 32,842 676,545 #* Cree, Inc. 77,790 2,015,539 CSG Systems International, Inc. 39,407 1,629,479 CSRA, Inc. 80,974 2,640,562 CTS Corp. 21,166 465,652 #* CyberOptics Corp. 4,601 75,917 # Cypress Semiconductor Corp. 282,554 4,012,267 # Daktronics, Inc. 42,333 414,017 * Dell Technologies, Inc. Class V 56,665 3,641,860 * DHI Group, Inc. 29,307 64,475 # Diebold Nixdorf, Inc. 48,103 1,125,610 * Digi International, Inc. 26,824 280,311 * Diodes, Inc. 37,239 987,951 Dolby Laboratories, Inc. Class A 49,331 2,552,879 * DSP Group, Inc. 18,998 239,375 DST Systems, Inc. 68,442 3,757,466 DXC Technology Co. 138,620 10,865,036 * Eastman Kodak Co. 9,311 88,455 * eBay, Inc. 263,301 9,407,745 # Ebix, Inc. 21,473 1,240,066 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * EchoStar Corp. Class A 45,300 $ 2,751,069 * Edgewater Technology, Inc. 4,254 30,161 * Electro Scientific Industries, Inc. 25,264 218,534 * Electronic Arts, Inc. 40,781 4,760,774 #* Electronics for Imaging, Inc. 35,140 1,707,101 #* Ellie Mae, Inc. 7,987 696,626 #* eMagin Corp. 6,351 16,513 Emcore Corp. 21,229 246,256 * Endurance International Group Holdings, Inc. 57,790 534,558 * EnerNOC, Inc. 12,685 97,040 * Entegris, Inc. 123,096 3,212,806 * Envestnet, Inc. 6,398 249,842 * EPAM Systems, Inc. 24,174 2,077,272 * ePlus, Inc. 12,184 985,686 * Euronet Worldwide, Inc. 39,913 3,855,995 * Everi Holdings, Inc. 19,215 143,344 * Evolving Systems, Inc. 1,300 6,370 * ExlService Holdings, Inc. 26,182 1,506,774 * Extreme Networks, Inc. 69,081 607,222 * F5 Networks, Inc. 11,760 1,420,020 #* Fabrinet 32,542 1,464,715 * Facebook, Inc. Class A 200,045 33,857,616 # Fair Isaac Corp. 28,227 4,023,759 #* FARO Technologies, Inc. 15,758 622,441 Fidelity National Information Services, Inc. 111,260 10,149,137 #* Finisar Corp. 140,732 3,830,725 #* First Solar, Inc. 78,838 3,887,502 * Fiserv, Inc. 84,364 10,840,774 #* Fitbit, Inc. Class A 73,042 376,897 #* FleetCor Technologies, Inc. 40,171 6,108,402 * Flex, Ltd. 336,356 5,378,332 FLIR Systems, Inc. 116,230 4,337,704 * FormFactor, Inc. 97,119 1,272,259 Forrester Research, Inc. 14,652 597,802 #* Fortinet, Inc. 18,211 672,168 * Frequency Electronics, Inc. 4,145 35,647 * Gartner, Inc. 18,103 2,322,977 # Genpact, Ltd. 169,717 4,921,793 Global Payments, Inc. 102,877 9,708,502 GlobalSCAPE, Inc. 3,392 17,299 #* Globant SA 10,984 504,934 * GoDaddy, Inc. Class A 12,457 535,402 #* GrubHub, Inc. 46,987 2,167,510 * GSE Systems, Inc. 8,763 24,536 * GSI Technology, Inc. 9,727 70,618 #* GTT Communications, Inc. 60,847 1,858,876 #* Guidewire Software, Inc. 16,487 1,189,702 Hackett Group, Inc. (The) 36,010 591,284 #* Harmonic, Inc. 118,508 485,883 Harris Corp. 69,174 7,918,348 Hewlett Packard Enterprise Co. 616,923 10,802,322 HP, Inc. 337,258 6,441,628 * IAC/InterActiveCorp 74,565 7,801,736 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) * ID Systems, Inc. 4,988 $ 34,068 #* IEC Electronics Corp. 4,588 18,031 #* II-VI, Inc. 55,209 2,103,463 #* Immersion Corp. 13,356 114,060 #* Infinera Corp. 92,910 1,089,834 * Innodata, Inc. 15,241 25,910 #* Inseego Corp. 20,282 23,933 * Insight Enterprises, Inc. 35,050 1,420,226 #* Integrated Device Technology, Inc. 118,102 3,087,186 Intel Corp. 1,852,635 65,712,963 InterDigital, Inc. 46,597 3,394,591 #* Internap Corp. 48,937 185,961 International Business Machines Corp. 128,410 18,577,075 * Intevac, Inc. 12,535 142,272 * IntriCon Corp. 3,283 24,623 Intuit, Inc. 20,374 2,795,517 * Inuvo, Inc. 32,403 34,924 #* IPG Photonics Corp. 38,485 5,874,350 * Iteris, Inc. 3,900 24,531 * Itron, Inc. 43,548 3,179,004 IXYS Corp. 28,840 501,816 # j2 Global, Inc. 54,180 4,585,253 Jabil, Inc. 243,345 7,422,022 # Jack Henry & Associates, Inc. 43,188 4,634,936 Juniper Networks, Inc. 173,224 4,841,611 * Kemet Corp. 42,862 722,225 * Key Tronic Corp. 5,745 41,766 * Keysight Technologies, Inc. 115,835 4,817,578 * Kimball Electronics, Inc. 17,079 332,187 KLA-Tencor Corp. 47,962 4,442,720 * Knowles Corp. 81,575 1,235,861 #* Kopin Corp. 39,747 151,039 * Kulicke & Soffa Industries, Inc. 63,867 1,375,695 * KVH Industries, Inc. 13,737 149,733 # Lam Research Corp. 56,556 9,018,420 * Lattice Semiconductor Corp. 105,555 734,663 * Leaf Group, Ltd. 27,296 206,085 Leidos Holdings, Inc. 84,551 4,518,405 * Limelight Networks, Inc. 50,856 173,928 * Liquidity Services, Inc. 19,451 132,267 Littelfuse, Inc. 16,057 2,893,150 LogMeIn, Inc. 33,308 3,878,717 #* Lumentum Holdings, Inc. 32,693 2,046,582 * Luxoft Holding, Inc. 15,349 966,220 #* MACOM Technology Solutions Holdings, Inc. 22,842 1,383,083 #* MagnaChip Semiconductor Corp. 16,223 176,831 #* Manhattan Associates, Inc. 52,380 2,315,196 ManTech International Corp. Class A 31,877 1,266,154 * Marchex, Inc. Class B 23,549 68,292 Marvell Technology Group, Ltd. 296,588 4,614,909 Mastercard, Inc. Class A 99,582 12,726,580 #* Match Group, Inc. 10,973 200,257 Maxim Integrated Products, Inc. 86,501 3,930,605 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ----------- Information Technology -- (Continued) MAXIMUS, Inc. 60,433 $ 3,647,736 #* MaxLinear, Inc. 53,894 1,412,023 * Maxwell Technologies, Inc. 11,611 67,924 #* Meet Group, Inc.(The) 40,295 202,281 # Mesa Laboratories, Inc. 3,934 568,581 Methode Electronics, Inc. 38,416 1,527,036 # Microchip Technology, Inc. 73,983 5,921,599 * Micron Technology, Inc. 649,261 18,257,219 * Microsemi Corp. 97,939 5,100,663 Microsoft Corp. 1,187,445 86,327,251 * MicroStrategy, Inc. Class A 7,975 1,072,717 MKS Instruments, Inc. 54,977 4,598,826 #* ModusLink Global Solutions, Inc. 53,705 90,224 * MoneyGram International, Inc. 37,429 610,841 # Monolithic Power Systems, Inc. 24,423 2,498,961 Monotype Imaging Holdings, Inc. 27,615 520,543 Motorola Solutions, Inc. 35,174 3,189,578 # MTS Systems Corp. 12,710 669,817 * Nanometrics, Inc. 22,470 598,826 * Napco Security Technologies, Inc. 7,089 64,864 # National Instruments Corp. 70,927 2,917,937 * NCI, Inc. Class A 5,252 104,777 #* NCR Corp. 91,724 3,471,753 #* NeoPhotonics Corp. 42,205 340,594 NetApp, Inc. 122,597 5,323,162 * NETGEAR, Inc. 29,261 1,401,602 #* Netscout Systems, Inc. 45,820 1,580,790 #* NeuStar, Inc. Class A 20,843 696,156 # NIC, Inc. 45,069 732,371 #* Novanta, Inc. 27,180 1,002,942 * Nuance Communications, Inc. 161,041 2,786,009 #* Numerex Corp. Class A 7,077 33,510 NVE Corp. 2,742 216,289 NVIDIA Corp. 162,000 26,326,620 #* Oclaro, Inc. 102,785 1,005,237 * ON Semiconductor Corp. 440,330 6,582,933 #* Onvia, Inc. 521 2,345 Oracle Corp. 481,175 24,025,068 #* OSI Systems, Inc. 16,690 1,334,699 #* Palo Alto Networks, Inc. 5,065 667,466 * PAR Technology Corp. 8,391 75,183 Park Electrochemical Corp. 18,395 345,642 Paychex, Inc. 62,809 3,633,501 #* Paycom Software, Inc. 29,870 2,093,588 * PayPal Holdings, Inc. 118,229 6,922,308 PC Connection, Inc. 23,809 614,272 PC-Tel, Inc. 14,847 105,562 * PCM, Inc. 11,350 140,456 #* PDF Solutions, Inc. 27,069 434,457 Pegasystems, Inc. 53,386 3,227,184 * Perceptron, Inc. 8,358 60,679 * Perficient, Inc. 30,511 573,607 * PFSweb, Inc. 15,487 121,108 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) * Photronics, Inc. 76,157 $ 765,378 * Planet Payment, Inc. 45,645 147,890 Plantronics, Inc. 30,422 1,374,466 * Plexus Corp. 36,434 1,953,227 Power Integrations, Inc. 20,537 1,450,939 * PRGX Global, Inc. 15,202 95,013 Progress Software Corp. 58,751 1,880,620 * PTC, Inc. 49,041 2,706,573 QAD, Inc. Class A 9,085 284,815 QAD, Inc. Class B 1,920 49,805 #* Qorvo, Inc. 79,280 5,435,437 QUALCOMM, Inc. 467,869 24,885,952 #* Qualys, Inc. 18,758 753,134 * QuinStreet, Inc. 11,598 45,116 #* Radisys Corp. 38,233 93,289 #* Rambus, Inc. 90,188 1,162,523 #* RealNetworks, Inc. 68,817 299,354 #* RealPage, Inc. 15,847 614,071 * Red Hat, Inc. 22,123 2,187,301 Reis, Inc. 9,884 211,518 Relm Wireless Corp. 766 2,719 Richardson Electronics, Ltd. 8,608 50,443 * Rogers Corp. 18,677 2,203,326 * Rosetta Stone, Inc. 7,639 79,140 * Rubicon Project, Inc. (The) 19,100 89,770 * Rudolph Technologies, Inc. 42,313 1,047,247 # Sabre Corp. 47,200 1,044,536 * salesforce.com, Inc. 27,620 2,507,896 * Sanmina Corp. 83,139 2,980,533 * ScanSource, Inc. 26,512 1,049,875 Science Applications International Corp. 47,695 3,358,205 * Seachange International, Inc. 39,230 111,413 # Seagate Technology P.L.C. 60,324 1,988,279 * Semtech Corp. 57,431 2,274,268 #* ServiceNow, Inc. 7,840 865,928 * ShoreTel, Inc. 68,546 510,668 #* Shutterstock, Inc. 12,873 542,468 * Sigma Designs, Inc. 42,216 274,404 * Silicon Laboratories, Inc. 30,386 2,281,989 #* Silver Spring Networks, Inc. 33,370 377,415 # Skyworks Solutions, Inc. 104,842 10,994,781 * SMTC Corp. 8,334 10,167 * Sonus Networks, Inc. 49,689 339,376 #* Splunk, Inc. 5,185 311,152 # SS&C Technologies Holdings, Inc. 83,532 3,237,700 #* Stamps.com, Inc. 10,645 1,576,524 * StarTek, Inc. 10,612 130,528 * Stratasys, Ltd. 61,143 1,466,821 #* SunPower Corp. 60,268 671,386 #* Super Micro Computer, Inc. 38,583 1,035,954 * Sykes Enterprises, Inc. 44,817 1,523,778 Symantec Corp. 205,370 6,364,416 #* Synaptics, Inc. 29,085 1,530,162 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) #* Synchronoss Technologies, Inc. 38,709 $ 653,408 SYNNEX Corp. 42,077 5,003,797 * Synopsys, Inc. 56,600 4,333,862 # Syntel, Inc. 42,180 822,088 Systemax, Inc. 18,932 343,048 #* Tableau Software, Inc. Class A 6,951 447,992 #* Take-Two Interactive Software, Inc. 112,651 8,953,501 TE Connectivity, Ltd. 140,789 11,318,028 #* Tech Data Corp. 44,291 4,535,398 * TechTarget, Inc. 12,291 117,871 * Telenav, Inc. 35,217 264,128 # TeleTech Holdings, Inc. 53,568 2,239,142 #* Teradata Corp. 152,283 4,845,645 Teradyne, Inc. 171,647 5,937,270 Tessco Technologies, Inc. 6,020 80,367 Texas Instruments, Inc. 139,258 11,332,816 TiVo Corp. 101,944 1,998,102 Total System Services, Inc. 115,925 7,356,600 TransAct Technologies, Inc. 6,652 58,870 Travelport Worldwide, Ltd. 78,575 1,123,622 * Travelzoo 6,908 72,534 #* Tremor Video, Inc. 12,246 25,594 #* Trimble, Inc. 91,598 3,428,513 #* TrueCar, Inc. 3,548 67,164 #* TTM Technologies, Inc. 111,456 1,937,105 #* Twitter, Inc. 135,414 2,178,811 #* Tyler Technologies, Inc. 15,237 2,617,869 #* Ubiquiti Networks, Inc. 28,915 1,575,867 #* Ultimate Software Group, Inc. (The) 6,315 1,425,359 * Ultra Clean Holdings, Inc. 16,571 388,590 #* Unisys Corp. 222 2,842 # Universal Display Corp. 14,522 1,751,353 * Vantiv, Inc. Class A 62,995 4,003,332 * VASCO Data Security International, Inc. 18,004 243,054 * Veeco Instruments, Inc. 54,524 1,679,339 #* VeriFone Systems, Inc. 63,321 1,235,393 * Verint Systems, Inc. 46,362 1,838,253 #* VeriSign, Inc. 14,100 1,426,497 Versum Materials, Inc. 23,552 830,444 #* ViaSat, Inc. 39,920 2,638,313 #* Viavi Solutions, Inc. 203,831 2,236,026 #* Virtusa Corp. 22,784 755,290 # Visa, Inc. Class A 285,324 28,406,857 # Vishay Intertechnology, Inc. 150,206 2,681,177 * Vishay Precision Group, Inc. 10,529 184,258 #* VMware, Inc. Class A 6,687 619,952 Wayside Technology Group, Inc. 3,335 57,362 #* Web.com Group, Inc. 62,541 1,372,775 #* WebMD Health Corp. 50,247 3,328,864 Western Digital Corp. 137,501 11,704,085 # Western Union Co. (The) 98,284 1,941,109 #* WEX, Inc. 37,378 4,062,241 #* Workday, Inc. Class A 3,900 398,229 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- -------------- Information Technology -- (Continued) * Xcerra Corp. 30,516 $ 296,310 Xerox Corp. 173,641 5,325,569 # Xilinx, Inc. 95,771 6,058,473 * XO Group, Inc. 26,370 482,044 # Xperi Corp. 48,948 1,431,729 YuMe, Inc. 3,900 16,926 #* Zebra Technologies Corp. Class A 53,438 5,435,713 * Zedge, Inc. Class B 8,851 18,322 * Zillow Group, Inc. Class A 39,905 1,812,884 #* Zillow Group, Inc. Class C 50,781 2,293,270 #* Zix Corp. 42,901 228,662 * Zynga, Inc. Class A 715,494 2,582,933 -------------- Total Information Technology 1,454,317,842 -------------- Materials -- (4.2%) A Schulman, Inc. 27,726 729,194 * AdvanSix, Inc. 26,054 872,288 Air Products & Chemicals, Inc. 27,598 3,923,056 #* AK Steel Holding Corp. 182,090 1,030,629 # Albemarle Corp. 57,380 6,644,604 Alcoa Corp. 48,717 1,773,299 # Allegheny Technologies, Inc. 24,915 471,890 American Vanguard Corp. 38,089 674,175 Ampco-Pittsburgh Corp. 6,289 90,876 AptarGroup, Inc. 73,152 5,920,191 Ashland Global Holdings, Inc. 37,417 2,430,982 Avery Dennison Corp. 79,803 7,416,093 #* Axalta Coating Systems, Ltd. 59,036 1,859,634 Balchem Corp. 30,850 2,393,960 # Ball Corp. 119,506 5,007,301 Bemis Co., Inc. 103,471 4,384,066 * Berry Global Group, Inc. 58,267 3,267,613 * Boise Cascade Co. 39,930 1,211,875 Cabot Corp. 53,163 2,888,346 # Calgon Carbon Corp. 46,058 736,928 # Carpenter Technology Corp. 48,516 1,961,502 Celanese Corp. Series A 75,964 7,305,458 #* Century Aluminum Co. 65,550 1,099,929 # CF Industries Holdings, Inc. 115,649 3,394,298 Chase Corp. 9,793 1,058,134 Chemours Co. (The) 37,462 1,783,566 * Clearwater Paper Corp. 17,020 836,533 #* Cliffs Natural Resources, Inc. 190,244 1,468,684 #* Coeur Mining, Inc. 72,405 599,513 Commercial Metals Co. 114,581 2,131,207 # Compass Minerals International, Inc. 36,536 2,522,811 * Contango ORE, Inc. 780 14,430 * Core Molding Technologies, Inc. 6,699 127,750 * Crown Holdings, Inc. 25,266 1,502,569 Deltic Timber Corp. 6,480 467,402 Domtar Corp. 80,327 3,137,573 Dow Chemical Co. (The) 290,047 18,632,619 Eagle Materials, Inc. 41,526 3,907,597 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Materials -- (Continued) Eastman Chemical Co. 86,161 $ 7,165,149 Ecolab, Inc. 27,891 3,672,408 EI du Pont de Nemours & Co. 60,546 4,977,487 * Ferro Corp. 109,934 2,115,130 Ferroglobe P.L.C. 117,900 1,506,762 #* Flotek Industries, Inc. 15,160 127,647 # FMC Corp. 41,425 3,164,041 * Freeport-McMoRan, Inc. 706,053 10,322,495 Friedman Industries, Inc. 5,121 27,756 FutureFuel Corp. 27,783 404,520 #* GCP Applied Technologies, Inc. 55,506 1,681,832 Gold Resource Corp. 43,214 183,227 Graphic Packaging Holding Co. 456,613 6,022,725 Greif, Inc. Class A 32,445 1,819,840 Greif, Inc. Class B 9,985 598,101 * Handy & Harman, Ltd. 1,912 63,287 Hawkins, Inc. 12,128 545,154 Haynes International, Inc. 8,599 268,977 HB Fuller Co. 53,829 2,773,270 # Hecla Mining Co. 518,711 2,806,227 Huntsman Corp. 345,609 9,200,112 * Ingevity Corp. 34,911 2,042,293 Innophos Holdings, Inc. 19,447 812,301 Innospec, Inc. 23,912 1,492,109 # International Flavors & Fragrances, Inc. 12,369 1,647,303 # International Paper Co. 218,342 12,004,443 #* Intrepid Potash, Inc. 23,601 71,511 Kaiser Aluminum Corp. 12,565 1,222,449 KapStone Paper and Packaging Corp. 102,674 2,347,128 # KMG Chemicals, Inc. 14,203 718,956 * Koppers Holdings, Inc. 24,108 875,120 #* Kraton Corp. 40,048 1,489,786 # Kronos Worldwide, Inc. 71,369 1,521,587 * Louisiana-Pacific Corp. 113,424 2,848,077 #* LSB Industries, Inc. 7,800 55,224 LyondellBasell Industries NV Class A 46,533 4,192,158 Martin Marietta Materials, Inc. 26,524 6,005,829 Materion Corp. 26,150 1,005,467 Mercer International, Inc. 73,164 804,804 Minerals Technologies, Inc. 35,207 2,492,656 Monsanto Co. 37,757 4,410,773 Mosaic Co. (The) 110,318 2,663,077 Myers Industries, Inc. 72,021 1,224,357 # Neenah Paper, Inc. 22,884 1,828,432 NewMarket Corp. 6,400 2,944,704 Newmont Mining Corp. 219,773 8,168,962 * Northern Technologies International Corp. 929 16,954 Nucor Corp. 118,240 6,818,901 # Olin Corp. 234,289 6,906,840 # Olympic Steel, Inc. 12,187 208,276 * OMNOVA Solutions, Inc. 56,955 535,377 #* Owens-Illinois, Inc. 156,245 3,734,255 Packaging Corp. of America 60,404 6,613,030 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Materials -- (Continued) PH Glatfelter Co. 41,831 $ 856,281 #* Platform Specialty Products Corp. 160,380 2,246,924 PolyOne Corp. 93,130 3,406,695 PPG Industries, Inc. 21,580 2,271,295 Praxair, Inc. 34,316 4,466,571 Quaker Chemical Corp. 15,831 2,245,944 # Rayonier Advanced Materials, Inc. 48,330 720,600 * Real Industry, Inc. 12,450 36,728 Reliance Steel & Aluminum Co. 71,129 5,146,894 # Royal Gold, Inc. 47,315 4,100,318 RPM International, Inc. 68,416 3,548,738 #* Ryerson Holding Corp. 28,883 249,838 # Schnitzer Steel Industries, Inc. Class A 24,016 619,613 Schweitzer-Mauduit International, Inc. 28,123 1,080,486 # Scotts Miracle-Gro Co. (The) 40,859 3,922,055 # Sealed Air Corp. 75,798 3,297,971 Sensient Technologies Corp. 36,267 2,696,814 Sherwin-Williams Co. (The) 8,800 2,967,976 # Silgan Holdings, Inc. 112,514 3,409,174 Sonoco Products Co. 111,793 5,419,725 Southern Copper Corp. 13,756 541,161 Steel Dynamics, Inc. 171,745 6,081,490 Stepan Co. 22,095 1,815,546 #* Summit Materials, Inc. Class A 71,771 2,041,167 * SunCoke Energy, Inc. 81,030 725,218 * Synalloy Corp. 4,403 49,754 #* TimkenSteel Corp. 55,156 876,429 #* Trecora Resources 12,605 145,588 Tredegar Corp. 24,492 369,829 Trinseo SA 41,879 2,944,094 # Tronox, Ltd. Class A 38,976 755,355 #* UFP Technologies, Inc. 1,028 29,658 United States Lime & Minerals, Inc. 4,302 349,408 # United States Steel Corp. 137,736 3,235,419 #* Universal Stainless & Alloy Products, Inc. 1,587 30,153 #* US Concrete, Inc. 21,479 1,682,880 Valvoline, Inc. 100,324 2,274,345 Vulcan Materials Co. 44,838 5,520,455 Westlake Chemical Corp. 79,109 5,566,109 WestRock Co. 125,734 7,219,646 # Worthington Industries, Inc. 54,931 2,783,354 WR Grace & Co. 32,024 2,208,375 ------------ Total Materials 354,803,934 ------------ Real Estate -- (0.4%) Alexander & Baldwin, Inc. 61,000 2,557,730 * Altisource Asset Management Corp. 743 68,356 #* Altisource Portfolio Solutions SA 8,399 219,130 * CBRE Group, Inc. Class A 182,441 6,930,934 CKX Lands, Inc. 39 446 # Colony NorthStar, Inc. Class A 115,713 1,694,038 Consolidated-Tomoka Land Co. 5,164 286,292 * Forestar Group, Inc. 23,998 411,566 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Real Estate -- (Continued) * FRP Holdings, Inc. 6,278 $ 289,730 Griffin Industrial Realty, Inc. 2,369 76,258 # HFF, Inc. Class A 51,155 1,878,412 #* Howard Hughes Corp. (The) 32,393 4,075,363 Jones Lang LaSalle, Inc. 36,523 4,646,456 Kennedy-Wilson Holdings, Inc. 85,936 1,727,314 #* Marcus & Millichap, Inc. 35,446 907,418 # RE/MAX Holdings, Inc. Class A 12,109 704,138 # Realogy Holdings Corp. 95,081 3,156,689 RMR Group, Inc. (The) Class A 2,980 145,573 #* St Joe Co. (The) 36,634 661,244 # Stratus Properties, Inc. 2,436 69,791 #* Tejon Ranch Co. 15,033 315,392 #* Trinity Place Holdings, Inc. 699 4,858 ------------ Total Real Estate 30,827,128 ------------ Telecommunication Services -- (2.2%) * Alaska Communications Systems Group, Inc. 33,007 74,266 AT&T, Inc. 2,748,800 107,203,200 ATN International, Inc. 13,203 765,774 * Boingo Wireless, Inc. 43,754 648,872 # CenturyLink, Inc. 372,954 8,678,639 #* Cincinnati Bell, Inc. 35,281 657,991 # Cogent Communications Holdings, Inc. 33,553 1,400,838 Consolidated Communications Holdings, Inc. 72,923 1,312,614 # Frontier Communications Corp. 25,615 392,166 * General Communication, Inc. Class A 47,253 2,016,285 * Hawaiian Telcom Holdco, Inc. 1,676 49,006 # IDT Corp. Class B 32,465 480,807 #* Iridium Communications, Inc. 44,017 437,969 * Level 3 Communications, Inc. 89,231 5,236,075 * Lumos Networks Corp. 26,456 473,827 * ORBCOMM, Inc. 62,757 728,609 # Shenandoah Telecommunications Co. 81,706 2,512,459 Spok Holdings, Inc. 19,425 318,570 #* Sprint Corp. 290,563 2,318,693 #* Straight Path Communications, Inc. Class B 6,154 1,104,028 * T-Mobile US, Inc. 115,500 7,121,730 Telephone & Data Systems, Inc. 84,875 2,412,996 * United States Cellular Corp. 21,328 807,905 Verizon Communications, Inc. 830,314 40,187,197 * Vonage Holdings Corp. 194,648 1,286,623 # Windstream Holdings, Inc. 141,054 534,595 * Zayo Group Holdings, Inc. 53,110 1,741,477 ------------ Total Telecommunication Services 190,903,211 ------------ Utilities -- (1.8%) AES Corp. 116,671 1,304,382 # ALLETE, Inc. 23,303 1,707,411 Alliant Energy Corp. 35,336 1,432,168 Ameren Corp. 37,505 2,104,030 American Electric Power Co., Inc. 37,600 2,652,304 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Utilities -- (Continued) American States Water Co. 26,118 $1,291,535 American Water Works Co., Inc. 27,481 2,228,709 # Aqua America, Inc. 60,722 2,026,900 Artesian Resources Corp. Class A 6,355 247,146 # Atlantica Yield PLC 55,369 1,196,524 Atmos Energy Corp. 35,933 3,117,547 # Avangrid, Inc. 24,409 1,108,657 # Avista Corp. 39,964 2,102,506 # Black Hills Corp. 23,088 1,608,310 # California Water Service Group 33,845 1,316,571 * Calpine Corp. 338,304 4,864,812 CenterPoint Energy, Inc. 67,859 1,912,945 # Chesapeake Utilities Corp. 10,967 847,201 CMS Energy Corp. 43,000 1,988,320 Connecticut Water Service, Inc. 10,026 571,281 # Consolidated Edison, Inc. 36,546 3,028,202 Consolidated Water Co., Ltd. 8,030 103,587 Delta Natural Gas Co., Inc. 2,958 90,012 # Dominion Energy, Inc. 48,949 3,777,884 DTE Energy Co. 26,133 2,797,799 Duke Energy Corp. 50,146 4,268,428 #* Dynegy, Inc. 44,353 398,290 Edison International 24,797 1,951,028 El Paso Electric Co. 29,456 1,528,766 Entergy Corp. 28,645 2,197,644 # Eversource Energy 43,961 2,672,389 Exelon Corp. 70,755 2,712,747 # FirstEnergy Corp. 48,347 1,542,753 # Gas Natural, Inc. 5,877 76,107 # Genie Energy, Ltd. Class B 12,764 84,625 Great Plains Energy, Inc. 41,809 1,290,226 # Hawaiian Electric Industries, Inc. 43,152 1,423,584 # IDACORP, Inc. 27,260 2,354,174 # MDU Resources Group, Inc. 70,629 1,861,074 MGE Energy, Inc. 26,263 1,747,803 # Middlesex Water Co. 12,971 508,982 # National Fuel Gas Co. 29,344 1,737,458 New Jersey Resources Corp. 49,762 2,097,468 NextEra Energy, Inc. 36,470 5,327,902 NiSource, Inc. 106,538 2,776,380 Northwest Natural Gas Co. 19,685 1,242,124 NorthWestern Corp. 23,729 1,371,299 NRG Energy, Inc. 368,666 9,076,557 NRG Yield, Inc. Class A 12,547 228,732 # NRG Yield, Inc. Class C 26,037 484,288 OGE Energy Corp. 61,233 2,195,815 # ONE Gas, Inc. 29,343 2,135,584 # Ormat Technologies, Inc. 52,901 3,137,029 Otter Tail Corp. 26,380 1,067,071 # Pattern Energy Group, Inc. 62,878 1,578,238 PG&E Corp. 33,562 2,271,812 Pinnacle West Capital Corp. 17,091 1,482,302 # PNM Resources, Inc. 48,335 1,926,150 T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Utilities -- (Continued) Portland General Electric Co. 46,304 $ 2,069,326 PPL Corp. 46,676 1,789,091 Public Service Enterprise Group, Inc. 50,049 2,250,704 # RGC Resources, Inc. 1,017 27,306 SCANA Corp. 22,031 1,418,135 # Sempra Energy 15,080 1,704,191 SJW Corp. 14,096 745,256 # South Jersey Industries, Inc. 50,799 1,725,642 Southern Co. (The) 77,191 3,699,765 Southwest Gas Holdings, Inc. 25,612 2,051,521 # Spark Energy, Inc. Class A 6,094 126,755 # Spire, Inc. 23,955 1,739,133 UGI Corp. 135,135 6,820,263 Unitil Corp. 12,123 615,242 Vectren Corp. 30,704 1,845,617 # WEC Energy Group, Inc. 42,285 2,662,686 Westar Energy, Inc. 30,202 1,532,751 WGL Holdings, Inc. 28,898 2,477,137 Xcel Energy, Inc. 56,192 2,658,444 # York Water Co. (The) 9,812 341,458 -------------- Total Utilities 150,481,995 -------------- TOTAL COMMON STOCKS 7,673,272,769 -------------- RIGHTS/WARRANTS -- (0.0%) (degrees)* Dyax Corp. Contingent Value Rights 15,216 16,890 (degrees)#* Safeway Casa Ley Contingent Value Rights 95,306 96,726 (degrees)#* Safeway PDC, LLC Contingent Value Rights 95,306 29 -------------- TOTAL RIGHTS/WARRANTS 113,645 -------------- TOTAL INVESTMENT SECURITIES 7,673,386,414 -------------- TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional U.S. Government Money Market Fund, 0.940% 30,458,224 30,458,224 -------------- SECURITIES LENDING COLLATERAL -- (9.2%) (S)@ DFA Short Term Investment Fund 67,606,470 782,342,065 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $5,278,285,196)^^ $8,486,186,703 ============== T.A. U.S. CORE EQUITY 2 PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary $1,135,702,577 $ 78,115 -- $1,135,780,692 Consumer Staples 505,375,976 -- -- 505,375,976 Energy 399,124,073 -- -- 399,124,073 Financials 1,476,520,913 -- -- 1,476,520,913 Health Care 872,526,463 -- -- 872,526,463 Industrials 1,102,610,542 -- -- 1,102,610,542 Information Technology 1,454,317,842 -- -- 1,454,317,842 Materials 354,803,934 -- -- 354,803,934 Real Estate 30,827,128 -- -- 30,827,128 Telecommunication Services 190,903,211 -- -- 190,903,211 Utilities 150,481,995 -- -- 150,481,995 Rights/Warrants -- 113,645 -- 113,645 Temporary Cash Investments 30,458,224 -- -- 30,458,224 Securities Lending Collateral -- 782,342,065 -- 782,342,065 -------------- ------------ -- -------------- TOTAL $7,703,652,878 $782,533,825 -- $8,486,186,703 ============== ============ == ============== TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ------------ COMMON STOCKS -- (98.3%) AUSTRALIA -- (6.2%) Alumina, Ltd. 393,774 $ 598,093 Aurizon Holdings, Ltd. 1,268,487 5,091,395 Australia & New Zealand Banking Group, Ltd. 1,787,508 42,380,283 Bank of Queensland, Ltd. 223,079 2,150,346 Bendigo & Adelaide Bank, Ltd. 411,694 3,661,961 BHP Billiton, Ltd. 1,789,949 37,278,220 # BHP Billiton, Ltd. Sponsored ADR 593,811 24,738,166 BlueScope Steel, Ltd. 676,361 7,125,153 Boral, Ltd. 1,007,545 5,583,486 Crown Resorts, Ltd. 132,606 1,350,458 Fortescue Metals Group, Ltd. 2,391,706 10,992,784 # Harvey Norman Holdings, Ltd. 209,038 730,911 Incitec Pivot, Ltd. 1,222,475 3,121,211 Newcrest Mining, Ltd. 772,159 12,546,469 Oil Search, Ltd. 222,185 1,182,159 * Origin Energy, Ltd. 891,970 4,941,056 QBE Insurance Group, Ltd. 702,690 6,656,971 Rio Tinto, Ltd. 161,438 8,510,281 * Santos, Ltd. 1,226,989 3,334,063 South32, Ltd. 3,875,417 9,038,840 South32, Ltd. ADR 213,802 2,490,793 Star Entertainment Grp, Ltd. (The) 1,119,623 4,516,649 Suncorp Group, Ltd. 822,999 9,406,595 Tatts Group, Ltd. 428,215 1,370,362 Treasury Wine Estates, Ltd. 45,965 447,505 Woodside Petroleum, Ltd. 864,632 20,206,954 ------------ TOTAL AUSTRALIA 229,451,164 ------------ AUSTRIA -- (0.1%) Erste Group Bank AG 37,596 1,557,409 OMV AG 46,808 2,651,540 * Raiffeisen Bank International AG 12,720 374,855 Verbund AG 3,236 64,011 ------------ TOTAL AUSTRIA 4,647,815 ------------ BELGIUM -- (1.1%) Ageas 214,159 9,641,157 KBC Group NV 179,942 14,876,530 Solvay SA 87,295 12,516,460 UCB SA 67,399 4,908,124 ------------ TOTAL BELGIUM 41,942,271 ------------ CANADA -- (8.1%) AltaGas, Ltd. 109,728 2,554,086 ARC Resources, Ltd. 19,789 272,848 Bank of Montreal 551,867 41,870,149 * BlackBerry, Ltd. 174,854 1,639,497 Cameco Corp. 263,655 2,702,464 Canadian Natural Resources, Ltd.(136385101) 433,552 13,266,691 Canadian Natural Resources, Ltd.(2171573) 35,491 1,085,440 Cenovus Energy, Inc. 429,409 3,611,330 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ CANADA -- (Continued) Crescent Point Energy Corp.(22576C101) 511,738 $ 4,017,143 Crescent Point Energy Corp.(B67C8W8) 197,496 1,552,405 Element Fleet Management Corp. 94,230 713,480 Empire Co., Ltd. Class A 257,695 4,187,608 Enbridge Income Fund Holdings, Inc. 42,600 1,094,770 Encana Corp. 211,304 2,125,718 Fairfax Financial Holdings, Ltd. 18,780 8,955,202 Finning International, Inc. 27,940 562,274 First Quantum Minerals, Ltd. 456,957 5,050,621 Goldcorp, Inc.(380956409) 563,664 7,400,908 Goldcorp, Inc.(2676302) 88,894 1,167,190 * Husky Energy, Inc. 472,269 5,466,088 Imperial Oil, Ltd. 88,340 2,530,058 Industrial Alliance Insurance & Financial Services, Inc. 148,314 6,880,675 * Kinross Gold Corp. 1,764,180 7,273,219 Linamar Corp. 30,361 1,663,980 Lundin Mining Corp. 914,084 6,576,566 Magna International, Inc. 301,642 14,385,307 Manulife Financial Corp.(2492519) 827,157 17,037,411 Manulife Financial Corp.(56501R106) 745,227 15,366,581 Maple Leaf Foods, Inc. 22,528 622,671 Potash Corp. of Saskatchewan, Inc. 660,785 11,828,051 Sun Life Financial, Inc.(2566124) 174,806 6,699,202 Sun Life Financial, Inc.(866796105) 355,365 13,621,140 Suncor Energy, Inc.(867224107) 418,766 13,660,147 Suncor Energy, Inc.(B3NB1P2) 1,023,634 33,391,778 Teck Resources, Ltd. Class A 600 13,432 Teck Resources, Ltd. Class B(878742204) 592,686 12,855,359 Teck Resources, Ltd. Class B(2879327) 222,229 4,823,354 TMX Group, Ltd. 12,700 673,327 * Tourmaline Oil Corp. 306,878 6,805,837 * Turquoise Hill Resources, Ltd. 490,094 1,611,699 * Valeant Pharmaceuticals International, Inc. 191,045 3,144,601 Veresen, Inc. 65,894 962,446 Wheaton Precious Metals Corp. 82,013 1,665,684 Whitecap Resources, Inc. 292,044 2,157,389 WSP Global, Inc. 73,145 2,969,215 Yamana Gold, Inc. 550,990 1,436,309 ------------ TOTAL CANADA 299,951,350 ------------ DENMARK -- (1.7%) AP Moller - Maersk A.S. Class A 1,933 4,037,121 AP Moller - Maersk A.S. Class B 4,274 9,329,454 Carlsberg A.S. Class B 72,240 8,025,800 Danske Bank A.S. 252,176 10,212,542 DSV A.S. 173,284 11,188,202 H Lundbeck A.S. 16,426 984,932 ISS A.S. 156,072 6,398,143 Jyske Bank A.S. 18,674 1,170,418 Tryg A.S. 12,648 284,988 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ DENMARK -- (Continued) Vestas Wind Systems A.S. 138,445 $ 13,530,489 ------------ TOTAL DENMARK 65,162,089 ------------ FINLAND -- (1.0%) Fortum Oyj 323,651 5,292,381 Nokia Oyj 1,227,025 7,829,871 Stora Enso Oyj Class R 605,613 8,096,941 UPM-Kymmene Oyj 546,631 14,880,987 ------------ TOTAL FINLAND 36,100,180 ------------ FRANCE -- (9.9%) AXA SA 584,162 17,252,334 AXA SA Sponsored ADR 357,312 10,529,985 BNP Paribas SA 778,765 60,350,905 Bollore SA 500,864 2,323,825 Bouygues SA 161,249 6,913,407 Casino Guichard Perrachon SA 69,264 4,224,492 Cie de Saint-Gobain 168,102 9,327,425 Cie Generale des Etablissements Michelin 43,490 5,890,115 CNP Assurances 220,802 5,330,531 Credit Agricole SA 310,254 5,445,686 Electricite de France SA 347,241 3,524,715 Engie SA 1,351,943 21,774,664 Natixis SA 651,335 4,732,955 Orange SA 1,778,494 29,926,494 Peugeot SA 715,706 15,395,356 Renault SA 261,718 23,578,667 SCOR SE 113,741 4,797,123 Societe Generale SA 591,606 34,688,645 STMicroelectronics NV 481,281 8,153,950 Total SA 1,648,530 83,833,807 Vivendi SA 348,811 8,062,365 ------------ TOTAL FRANCE 366,057,446 ------------ GERMANY -- (7.0%) Allianz SE 189,369 40,365,520 Allianz SE Sponsored ADR 710,076 15,160,123 Bayerische Motoren Werke AG 291,133 26,749,133 * Commerzbank AG 496,911 6,499,759 Daimler AG 787,995 55,210,686 Deutsche Bank AG(5750355) 142,507 2,537,715 Deutsche Bank AG(D18190898) 731,409 13,048,336 Deutsche Lufthansa AG 504,513 10,834,424 Evonik Industries AG 106,050 3,611,803 Fraport AG Frankfurt Airport Services Worldwide 36,156 3,620,627 Fresenius Medical Care AG & Co. KGaA 108,422 10,224,241 GEA Group AG 10,207 414,824 Hannover Rueck SE 17,043 2,151,145 HeidelbergCement AG 93,572 9,265,681 Innogy SE 59,510 2,499,413 Lanxess AG 30,431 2,346,653 Linde AG 57,190 10,909,603 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) MAN SE 2,914 $ 322,696 Metro AG 228,866 2,571,854 * Metro Wholesale & Food Specialist AG 237,629 4,800,475 Muenchener Rueckversicherungs-Gesellschaft AG 48,999 10,524,956 OSRAM Licht AG 9,022 751,842 * RWE AG 494,691 10,423,422 * Talanx AG 64,359 2,653,983 Telefonica Deutschland Holding AG 554,648 2,865,177 Uniper SE 281,191 5,795,058 Volkswagen AG 29,340 4,613,589 ------------ TOTAL GERMANY 260,772,738 ------------ HONG KONG -- (2.6%) # Cathay Pacific Airways, Ltd. 1,451,000 2,273,373 CK Hutchison Holdings, Ltd. 1,908,348 25,112,169 # FIH Mobile, Ltd. 126,000 42,100 Guoco Group, Ltd. 6,000 70,340 Hang Lung Group, Ltd. 996,000 3,783,290 Hang Lung Properties, Ltd. 1,244,000 3,093,936 Henderson Land Development Co., Ltd. 359,348 2,076,936 Hopewell Holdings, Ltd. 291,331 1,114,273 Kerry Properties, Ltd. 608,000 2,130,592 MTR Corp., Ltd. 502,443 2,901,397 New World Development Co., Ltd. 7,681,298 10,373,182 NWS Holdings, Ltd. 810,172 1,549,918 * Orient Overseas International, Ltd. 70,000 651,447 Shangri-La Asia, Ltd. 988,000 1,604,492 Sino Land Co., Ltd. 1,442,432 2,378,960 Sun Hung Kai Properties, Ltd. 949,434 14,689,885 Swire Pacific, Ltd. Class A 644,500 6,421,898 Swire Pacific, Ltd. Class B 735,000 1,301,740 Tsim Sha Tsui Properties, Ltd. 261,125 785,656 Wharf Holdings, Ltd. (The) 611,000 5,193,281 Wheelock & Co., Ltd. 1,122,000 8,454,825 Yue Yuen Industrial Holdings, Ltd. 74,500 307,585 ------------ TOTAL HONG KONG 96,311,275 ------------ IRELAND -- (0.3%) * Bank of Ireland Group P.L.C. 495,483 4,135,195 CRH P.L.C. 34,724 1,218,842 CRH P.L.C. Sponsored ADR 148,096 5,193,726 Paddy Power Betfair P.L.C. 4,490 449,863 ------------ TOTAL IRELAND 10,997,626 ------------ ISRAEL -- (0.4%) Azrieli Group, Ltd. 881 48,141 Bank Hapoalim BM 899,961 6,233,852 Bank Leumi Le-Israel BM 1,151,320 5,531,110 Mizrahi Tefahot Bank, Ltd. 78,386 1,416,428 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- ISRAEL -- (Continued) Teva Pharmaceutical Industries, Ltd. Sponsored ADR 20,451 $ 657,909 ----------- TOTAL ISRAEL 13,887,440 ----------- ITALY -- (1.7%) * Fiat Chrysler Automobiles NV(N31738102) 247,395 2,991,006 * Fiat Chrysler Automobiles NV(BRJFWP3) 1,533,375 18,489,979 * GEDI Gruppo Editoriale SpA 74,215 68,887 Mediobanca SpA 352,401 3,676,816 * Telecom Italia SpA 11,585,142 11,918,912 * Telecom Italia SpA Sponsored ADR 93,568 973,107 * UniCredit SpA 1,284,976 25,254,841 ----------- TOTAL ITALY 63,373,548 ----------- JAPAN -- (21.6%) Aeon Co., Ltd. 412,600 6,217,057 Aisin Seiki Co., Ltd. 121,000 6,290,667 Alfresa Holdings Corp. 81,400 1,498,097 Amada Holdings Co., Ltd. 132,200 1,509,870 Aoyama Trading Co., Ltd. 28,600 996,916 Asahi Glass Co., Ltd. 210,400 8,855,620 Asahi Kasei Corp. 755,000 8,622,050 Bank of Kyoto, Ltd. (The) 148,000 1,418,597 Canon Marketing Japan, Inc. 54,100 1,194,993 Chiba Bank, Ltd. (The) 395,000 2,833,908 Chugoku Bank, Ltd. (The) 91,100 1,320,512 Citizen Watch Co., Ltd. 239,400 1,779,980 Coca-Cola Bottlers Japan, Inc. 56,575 1,706,408 COMSYS Holdings Corp. 18,500 379,001 Concordia Financial Group, Ltd. 716,000 3,610,570 Credit Saison Co., Ltd. 71,500 1,377,196 Dai Nippon Printing Co., Ltd. 299,000 3,298,012 Dai-ichi Life Holdings, Inc. 646,600 11,169,360 Daicel Corp. 31,200 405,541 Daido Steel Co., Ltd. 184,000 1,119,767 Daiwa Securities Group, Inc. 901,000 5,189,134 Denka Co., Ltd. 420,000 2,332,523 Denso Corp. 118,900 5,710,220 DIC Corp. 71,600 2,700,638 Dowa Holdings Co., Ltd. 57,000 460,181 Ebara Corp. 83,800 2,451,485 FamilyMart UNY Holdings Co., Ltd. 73 4,088 FUJIFILM Holdings Corp. 332,900 12,236,855 Fukuoka Financial Group, Inc. 394,000 1,816,471 Furukawa Electric Co., Ltd. 3,900 176,003 Glory, Ltd. 42,500 1,415,262 Gunma Bank, Ltd. (The) 208,000 1,218,663 H2O Retailing Corp. 77,600 1,269,777 Hachijuni Bank, Ltd. (The) 217,000 1,377,702 Hankyu Hanshin Holdings, Inc. 194,300 6,934,855 Heiwa Corp. 40,600 893,176 Hiroshima Bank, Ltd. (The) 288,000 1,231,129 Hitachi Capital Corp. 43,300 1,030,089 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- JAPAN -- (Continued) Hitachi Chemical Co., Ltd. 71,600 $ 2,035,570 Hitachi Construction Machinery Co., Ltd. 116,500 3,335,061 Hitachi Metals, Ltd. 153,900 2,141,994 Hitachi Transport System, Ltd. 31,585 727,012 Hitachi, Ltd. 3,706,000 25,496,593 Hokuhoku Financial Group, Inc. 67,300 1,094,058 Honda Motor Co., Ltd. 1,251,100 35,020,600 House Foods Group, Inc. 15,100 389,797 Ibiden Co., Ltd. 144,200 2,502,521 Idemitsu Kosan Co., Ltd. 106,200 2,577,633 Iida Group Holdings Co., Ltd. 179,600 3,068,643 Isetan Mitsukoshi Holdings, Ltd. 138,200 1,346,778 ITOCHU Corp. 702,200 11,011,553 Iyo Bank, Ltd. (The) 127,118 1,037,926 J Front Retailing Co., Ltd. 290,100 4,146,199 JFE Holdings, Inc. 511,600 9,867,997 JGC Corp. 72,800 1,166,191 JSR Corp. 115,200 2,030,056 JTEKT Corp. 193,100 2,748,533 JXTG Holdings, Inc. 2,268,186 10,082,141 # K's Holdings Corp. 52,900 1,062,010 Kamigumi Co., Ltd. 136,000 1,457,525 Kaneka Corp. 298,000 2,387,922 Kawasaki Heavy Industries, Ltd. 512,000 1,630,155 * Kawasaki Kisen Kaisha, Ltd. 600,500 1,490,956 Kinden Corp. 50,800 790,726 * Kobe Steel, Ltd. 326,200 4,080,113 Komatsu, Ltd. 170,100 4,561,662 Konica Minolta, Inc. 612,400 5,072,630 Kuraray Co., Ltd. 369,700 7,187,495 Kurita Water Industries, Ltd. 11,100 315,799 Kyushu Financial Group, Inc. 149,510 938,135 LIXIL Group Corp. 147,340 3,791,828 Marubeni Corp. 1,465,500 9,711,100 Mazda Motor Corp. 736,500 11,071,646 Mebuki Financial Group, Inc. 380,118 1,463,270 Medipal Holdings Corp. 93,400 1,709,167 Mitsubishi Chemical Holdings Corp. 1,121,300 9,387,813 Mitsubishi Corp. 387,200 8,406,968 Mitsubishi Gas Chemical Co., Inc. 207,500 4,787,354 Mitsubishi Heavy Industries, Ltd. 2,462,000 9,788,546 Mitsubishi Logistics Corp. 42,000 539,184 Mitsubishi Materials Corp. 153,400 5,153,335 Mitsubishi Motors Corp. 99,200 715,589 Mitsubishi UFJ Financial Group, Inc. 4,778,634 30,316,179 Mitsubishi UFJ Financial Group, Inc. Sponsored ADR 1,691,580 10,775,365 Mitsubishi UFJ Lease & Finance Co., Ltd. 514,400 2,740,252 Mitsui & Co., Ltd. 319,000 4,638,509 Mitsui & Co., Ltd. Sponsored ADR 4,829 1,412,434 Mitsui Chemicals, Inc. 811,000 4,607,389 Mitsui Fudosan Co., Ltd. 84,000 1,927,819 Mitsui OSK Lines, Ltd. 1,287,000 4,005,495 Mizuho Financial Group, Inc. 11,904,100 21,169,947 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- JAPAN -- (Continued) MS&AD Insurance Group Holdings, Inc. 303,863 $10,657,864 NEC Corp. 3,274,000 8,900,187 NGK Spark Plug Co., Ltd. 13,400 270,538 NHK Spring Co., Ltd. 238,900 2,580,257 Nikon Corp. 147,600 2,600,677 Nippo Corp. 61,000 1,240,994 Nippon Electric Glass Co., Ltd. 33,800 1,196,500 Nippon Express Co., Ltd. 870,000 5,555,656 Nippon Paper Industries Co., Ltd. 114,700 2,286,757 Nippon Shokubai Co., Ltd. 29,800 1,949,547 Nippon Steel & Sumitomo Metal Corp. 614,700 15,089,593 * Nippon Yusen K.K. 2,155,000 4,113,879 Nissan Motor Co., Ltd. 1,904,600 18,911,261 Nisshinbo Holdings, Inc. 107,000 1,083,547 NOK Corp. 112,200 2,568,263 Nomura Holdings, Inc. 1,496,200 8,889,254 Nomura Real Estate Holdings, Inc. 119,200 2,362,683 NSK, Ltd. 71,400 920,365 NTN Corp. 442,000 2,057,082 Obayashi Corp. 67,000 806,724 Oji Holdings Corp. 1,074,000 5,507,966 Resona Holdings, Inc. 2,377,500 12,248,071 Ricoh Co., Ltd. 1,023,200 9,620,651 Rohm Co., Ltd. 22,200 1,715,807 Sankyo Co., Ltd. 17,300 567,827 SBI Holdings, Inc. 221,900 3,174,626 Sega Sammy Holdings, Inc. 58,400 787,975 Seino Holdings Co., Ltd. 96,000 1,292,627 Sekisui Chemical Co., Ltd. 67,300 1,239,689 Sekisui House, Ltd. 260,900 4,516,227 Shinsei Bank, Ltd. 1,031,000 1,699,348 Shizuoka Bank, Ltd. (The) 303,000 2,703,362 Showa Denko K.K. 115,400 3,003,792 Showa Shell Sekiyu K.K. 2,200 23,964 Sojitz Corp. 547,200 1,378,435 Sompo Holdings, Inc. 157,960 6,195,538 Sumitomo Chemical Co., Ltd. 2,166,000 12,658,364 Sumitomo Corp. 288,200 3,895,544 Sumitomo Electric Industries, Ltd. 887,900 14,352,416 Sumitomo Forestry Co., Ltd. 156,200 2,391,036 Sumitomo Heavy Industries, Ltd. 593,000 4,323,217 Sumitomo Metal Mining Co., Ltd. 392,000 5,920,249 Sumitomo Mitsui Financial Group, Inc. 900,727 34,755,255 Sumitomo Mitsui Trust Holdings, Inc. 159,300 5,849,980 Sumitomo Rubber Industries, Ltd. 202,000 3,502,716 Suzuken Co., Ltd. 37,400 1,249,046 T&D Holdings, Inc. 447,600 6,602,887 Taiheiyo Cement Corp. 973,000 3,650,967 Takashimaya Co., Ltd. 231,000 2,113,152 TDK Corp. 170,900 12,282,835 Teijin, Ltd. 243,400 4,880,018 THK Co., Ltd. 74,700 2,280,870 Tokai Rika Co., Ltd. 45,200 829,980 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ JAPAN -- (Continued) Tokio Marine Holdings, Inc. 115,500 $ 4,857,150 Tokyo Tatemono Co., Ltd. 174,600 2,375,719 Tokyu Fudosan Holdings Corp. 434,100 2,603,979 Toppan Printing Co., Ltd. 279,000 2,948,390 Tosoh Corp. 605,000 7,163,278 Toyo Seikan Group Holdings, Ltd. 171,100 2,804,728 Toyoda Gosei Co., Ltd. 75,600 1,783,746 Toyota Motor Corp. 1,175,788 66,267,222 Toyota Motor Corp. Sponsored ADR 15,161 1,710,767 Toyota Tsusho Corp. 260,300 8,368,134 Ube Industries, Ltd. 1,101,000 2,982,467 Universal Entertainment Corp. 5,500 157,793 Yamada Denki Co., Ltd. 801,700 4,281,756 Yamaguchi Financial Group, Inc. 107,000 1,259,372 Yokohama Rubber Co., Ltd. (The) 126,400 2,545,404 Zeon Corp. 121,000 1,509,609 ------------ TOTAL JAPAN 799,849,125 ------------ NETHERLANDS -- (3.2%) ABN AMRO Group NV 170,062 4,806,843 Aegon NV 865,906 4,853,794 Akzo Nobel NV 64,232 5,815,183 #* ArcelorMittal(03938L203) 120,110 3,142,066 * ArcelorMittal(BYPBS67) 382,248 10,063,874 Coca-Cola European Partners P.L.C. 9,623 417,668 Gemalto NV 2,764 140,893 ING Groep NV 1,741,138 32,531,136 ING Groep NV Sponsored ADR 138,769 2,599,143 Koninklijke Ahold Delhaize NV 749,789 15,336,219 Koninklijke DSM NV 214,831 15,847,718 Koninklijke Philips NV(5986622) 341,821 13,063,045 Koninklijke Philips NV(500472303) 43,701 1,668,067 NN Group NV 190,411 7,718,093 ------------ TOTAL NETHERLANDS 118,003,742 ------------ NEW ZEALAND -- (0.2%) Air New Zealand, Ltd. 599,438 1,509,127 Auckland International Airport, Ltd. 174,151 910,458 Fletcher Building, Ltd. 540,848 3,246,680 Fonterra Co-operative Group, Ltd. 63,208 287,257 ------------ TOTAL NEW ZEALAND 5,953,522 ------------ NORWAY -- (0.8%) Aker ASA Class A 8,923 337,896 DNB ASA 448,169 8,804,049 Norsk Hydro ASA 928,184 5,989,148 SpareBank 1 SR-Bank ASA 42,611 425,297 Statoil ASA 131,020 2,462,400 Statoil ASA Sponsored ADR 84,396 1,583,269 Storebrand ASA 241,051 2,010,662 Subsea 7 SA 296,481 4,393,217 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ NORWAY -- (Continued) Yara International ASA 70,396 $ 2,797,973 ------------ TOTAL NORWAY 28,803,911 ------------ PORTUGAL -- (0.0%) EDP Renovaveis SA 171,817 1,373,135 ------------ SINGAPORE -- (1.0%) CapitaLand, Ltd. 891,800 2,425,996 City Developments, Ltd. 416,100 3,453,904 DBS Group Holdings, Ltd. 428,152 6,830,573 Frasers Centrepoint, Ltd. 251,800 357,690 Golden Agri-Resources, Ltd. 2,177,700 634,105 Hutchison Port Holdings Trust 6,111,000 2,900,910 Keppel Corp., Ltd. 1,598,800 7,561,022 Olam International, Ltd. 143,100 205,884 SembCorp Industries, Ltd. 939,300 2,237,001 Singapore Airlines, Ltd. 706,600 5,415,103 United Industrial Corp., Ltd. 361,770 856,717 UOL Group, Ltd. 195,707 1,138,708 Wilmar International, Ltd. 607,000 1,494,288 ------------ TOTAL SINGAPORE 35,511,901 ------------ SPAIN -- (3.3%) Banco de Sabadell SA 6,439,250 14,379,633 Banco Santander SA 11,646,752 79,293,038 Banco Santander SA Sponsored ADR 2,050 13,981 CaixaBank SA 744,455 3,877,601 Iberdrola SA 1,091,348 8,603,025 Repsol SA 1,073,661 17,981,562 ------------ TOTAL SPAIN 124,148,840 ------------ SWEDEN -- (2.8%) Boliden AB 333,548 10,471,417 * Essity AB Class A 4,705 136,072 * Essity AB Class B 302,027 8,757,279 Holmen AB Class B 42,299 1,910,458 # ICA Gruppen AB 25,921 1,038,629 Millicom International Cellular SA 38,650 2,421,867 Nordea Bank AB 2,330,270 29,403,061 Skandinaviska Enskilda Banken AB Class A 1,040,985 13,183,363 * SSAB AB Class A 144,942 732,310 * SSAB AB Class B 274,814 1,134,753 Svenska Cellulosa AB SCA Class A 4,705 48,612 Svenska Cellulosa AB SCA Class B 278,349 2,304,698 Svenska Handelsbanken AB Class A 211,653 3,150,265 Swedbank AB Class A 3,111 81,127 Tele2 AB Class B 159,499 1,898,322 Telefonaktiebolaget LM Ericsson Class B 1,643,670 10,638,504 Telia Co. AB 2,176,207 10,230,042 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- ------------ SWEDEN -- (Continued) Trelleborg AB Class B 266,674 $ 6,280,832 ------------ TOTAL SWEDEN 103,821,611 ------------ SWITZERLAND -- (7.8%) ABB, Ltd. 274,088 6,420,873 Adecco Group AG 186,520 14,230,170 Baloise Holding AG 46,158 7,416,023 Banque Cantonale Vaudoise 283 204,750 Cie Financiere Richemont SA 358,913 30,511,232 Clariant AG 487,737 11,333,794 Credit Suisse Group AG 554,558 8,524,488 Credit Suisse Group AG Sponsored ADR 68,468 1,050,987 * Dufry AG 44,457 7,082,247 Flughafen Zurich AG 4,611 1,175,983 Helvetia Holding AG 1,462 817,149 Julius Baer Group, Ltd. 135,302 7,659,043 LafargeHolcim, Ltd.(7110753) 227,977 13,621,897 LafargeHolcim, Ltd.(BZ3DNX4) 116,138 6,970,639 Novartis AG 441,491 37,605,194 Novartis AG Sponsored ADR 124,062 10,570,082 Swatch Group AG (The)(7184736) 51,117 3,937,238 Swatch Group AG (The)(7184725) 39,176 15,543,482 Swiss Life Holding AG 29,903 10,913,178 Swiss Re AG 347,731 33,525,503 UBS Group AG(BRJL176) 1,117,685 19,437,062 * UBS Group AG(H42097107) 174,186 3,036,062 Zurich Insurance Group AG 125,377 38,212,341 ------------ TOTAL SWITZERLAND 289,799,417 ------------ UNITED KINGDOM -- (17.5%) * Anglo American P.L.C. 1,288,064 21,306,792 Antofagasta P.L.C. 243,456 3,040,286 Aviva P.L.C. 31,327 222,673 Barclays P.L.C. 1,967,698 5,275,893 Barclays P.L.C. Sponsored ADR 1,367,134 14,669,348 Barratt Developments P.L.C. 737,328 5,988,361 BHP Billiton P.L.C. ADR 100,737 3,667,834 BP P.L.C. Sponsored ADR 2,807,969 98,672,040 Carnival P.L.C. 26,669 1,800,060 Carnival P.L.C. ADR 48,765 3,280,909 Glencore P.L.C. 10,004,286 44,132,850 HSBC Holdings P.L.C. 3,057,037 30,615,944 HSBC Holdings P.L.C. Sponsored ADR 1,612,652 80,777,739 J Sainsbury P.L.C. 2,291,466 7,403,637 Kingfisher P.L.C. 2,376,325 9,221,939 Lloyds Banking Group P.L.C. 49,077,747 42,429,536 # Lloyds Banking Group P.L.C. ADR 660,058 2,323,404 Pearson P.L.C. 424,065 3,669,889 Pearson P.L.C. Sponsored ADR 86,960 747,856 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR 477,708 3,171,981 Royal Dutch Shell P.L.C. Class A 325,297 9,186,850 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 1,334,977 75,466,235 TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------------- UNITED KINGDOM -- (Continued) Royal Dutch Shell P.L.C. Sponsored ADR, Class B 1,146,218 $ 66,320,174 Royal Mail P.L.C. 369,280 1,963,600 * Standard Chartered P.L.C. 1,626,272 18,178,902 Vodafone Group P.L.C. 23,523,365 68,955,283 Vodafone Group P.L.C. Sponsored ADR 653,411 19,393,228 WM Morrison Supermarkets P.L.C. 1,731,834 5,492,685 -------------- TOTAL UNITED KINGDOM 647,375,928 -------------- TOTAL COMMON STOCKS 3,643,296,074 -------------- PREFERRED STOCKS -- (0.8%) GERMANY -- (0.8%) Bayerische Motoren Werke AG 37,802 3,012,314 Porsche Automobil Holding SE 71,147 4,071,964 Volkswagen AG 159,516 24,531,799 -------------- TOTAL GERMANY 31,616,077 -------------- TOTAL PREFERRED STOCKS 31,616,077 -------------- TOTAL INVESTMENT SECURITIES 3,674,912,151 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (0.9%) (S)@ DFA Short Term Investment Fund 2,749,900 31,821,843 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,256,774,774)^^ $3,706,733,994 ============== TAX-MANAGED DFA INTERNATIONAL VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ -------------- ------- -------------- Common Stocks Australia $ 27,228,959 $ 202,222,205 -- $ 229,451,164 Austria -- 4,647,815 -- 4,647,815 Belgium -- 41,942,271 -- 41,942,271 Canada 299,951,350 -- -- 299,951,350 Denmark -- 65,162,089 -- 65,162,089 Finland -- 36,100,180 -- 36,100,180 France 10,529,985 355,527,461 -- 366,057,446 Germany 33,008,934 227,763,804 -- 260,772,738 Hong Kong -- 96,311,275 -- 96,311,275 Ireland 9,328,921 1,668,705 -- 10,997,626 Israel 657,909 13,229,531 -- 13,887,440 Italy 3,964,113 59,409,435 -- 63,373,548 Japan 13,898,566 785,950,559 -- 799,849,125 Netherlands 7,550,169 110,453,573 -- 118,003,742 New Zealand -- 5,953,522 -- 5,953,522 Norway 1,583,269 27,220,642 -- 28,803,911 Portugal -- 1,373,135 -- 1,373,135 Singapore -- 35,511,901 -- 35,511,901 Spain 13,981 124,134,859 -- 124,148,840 Sweden 8,893,351 94,928,260 -- 103,821,611 Switzerland 14,657,131 275,142,286 -- 289,799,417 United Kingdom 368,490,748 278,885,180 -- 647,375,928 Preferred Stocks Germany -- 31,616,077 -- 31,616,077 Securities Lending Collateral -- 31,821,843 -- 31,821,843 Futures Contracts** 462,275 -- -- 462,275 ------------ -------------- -- -------------- TOTAL $800,219,661 $2,906,976,608 -- $3,707,196,269 ============ ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ---------- COMMON STOCKS -- (97.8%) AUSTRALIA -- (4.6%) * Acrux, Ltd. 19,585 $ 4,701 Adacel Technologies, Ltd. 17,466 37,504 Adelaide Brighton, Ltd. 170,983 769,421 AGL Energy, Ltd. 33,912 653,950 Ainsworth Game Technology, Ltd. 51,982 100,520 ALS, Ltd. 116,513 691,773 Altium, Ltd. 20,893 146,105 Alumina, Ltd. 880,180 1,336,882 AMA Group, Ltd. 49,451 40,340 Amaysim Australia, Ltd. 21,821 27,923 Amcor, Ltd. 147,315 1,808,358 AMP, Ltd. 635,522 2,739,710 Ansell, Ltd. 51,355 902,317 AP Eagers, Ltd. 17,839 129,663 APA Group 91,544 631,543 APN Outdoor Group, Ltd. 24,010 88,522 Appen, Ltd. 12,725 42,409 ARB Corp., Ltd. 11,535 141,405 Aristocrat Leisure, Ltd. 82,577 1,339,104 * Arrium, Ltd. 983,356 14,750 Asaleo Care, Ltd. 75,916 80,822 ASX, Ltd. 9,897 413,948 * Atlas Iron, Ltd. 1,157,575 19,437 AUB Group, Ltd. 7,864 81,062 Aurizon Holdings, Ltd. 423,734 1,700,764 Ausdrill, Ltd. 109,433 170,326 AusNet Services 316,041 413,380 Austal, Ltd. 93,155 134,347 Australia & New Zealand Banking Group, Ltd. 218,548 5,181,586 * Australian Agricultural Co., Ltd. 172,205 227,942 Australian Pharmaceutical Industries, Ltd. 126,031 176,957 Auswide Bank, Ltd. 1,410 5,811 Automotive Holdings Group, Ltd. 107,926 330,675 Aveo Group 86,000 167,188 AVJennings, Ltd. 8,932 5,290 * AWE, Ltd. 272,850 104,964 Bank of Queensland, Ltd. 141,486 1,363,839 Bapcor, Ltd. 16,479 74,448 Beach Energy, Ltd. 688,226 375,268 * Beadell Resources, Ltd. 320,143 47,725 Bega Cheese, Ltd. 18,253 100,324 Bellamy's Australia, Ltd. 11,564 65,259 Bendigo & Adelaide Bank, Ltd. 183,377 1,631,113 BHP Billiton, Ltd. 407,552 8,487,847 BHP Billiton, Ltd. Sponsored ADR 44,166 1,839,956 * Billabong International, Ltd. 38,785 24,823 Blackmores, Ltd. 2,557 181,138 BlueScope Steel, Ltd. 288,835 3,042,746 Boral, Ltd. 412,234 2,284,467 Brambles, Ltd. 75,149 555,635 Breville Group, Ltd. 19,698 158,378 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Brickworks, Ltd. 21,861 $ 230,830 BT Investment Management, Ltd. 33,540 288,634 * Buru Energy, Ltd. 92,278 15,495 Cabcharge Australia, Ltd. 41,051 71,615 Caltex Australia, Ltd. 22,574 562,561 * Cardno, Ltd. 99,590 100,131 carsales.com, Ltd. 55,163 545,103 Cash Converters International, Ltd. 96,321 25,426 Cedar Woods Properties, Ltd. 7,144 28,060 Challenger, Ltd. 97,147 998,371 CIMIC Group, Ltd. 4,669 154,880 Class, Ltd. 12,516 29,811 Cleanaway Waste Management, Ltd. 644,946 673,070 Coca-Cola Amatil, Ltd. 71,839 473,055 Cochlear, Ltd. 10,902 1,245,376 Codan, Ltd. 28,303 50,763 Collins Foods, Ltd. 47,927 229,586 Commonwealth Bank of Australia 65,235 4,370,409 Computershare, Ltd. 58,836 661,994 * Cooper Energy, Ltd. 124,598 34,391 Corporate Travel Management, Ltd. 12,663 226,321 Costa Group Holdings, Ltd. 20,717 79,226 Credit Corp. Group, Ltd. 19,040 258,005 Crown Resorts, Ltd. 37,698 383,916 CSG, Ltd. 69,391 38,237 CSL, Ltd. 29,062 2,928,061 CSR, Ltd. 255,853 802,796 Data#3, Ltd. 23,400 33,268 Decmil Group, Ltd. 35,216 23,090 Domino's Pizza Enterprises, Ltd. 11,496 490,095 Donaco International, Ltd. 23,050 9,795 * Doray Minerals, Ltd. 28,777 4,507 Downer EDI, Ltd. 249,403 1,269,480 DuluxGroup, Ltd. 101,043 532,782 DWS, Ltd. 11,284 14,020 Eclipx Group, Ltd. 84,893 251,841 * Elders, Ltd. 17,233 71,681 * Energy Resources of Australia, Ltd. 55,774 24,332 * Energy World Corp., Ltd. 154,243 50,590 EQT Holdings, Ltd. 574 8,036 ERM Power, Ltd. 37,573 37,112 Event Hospitality and Entertainment, Ltd. 48,330 508,358 Evolution Mining, Ltd. 573,046 1,023,931 Fairfax Media, Ltd. 873,898 692,093 * Fleetwood Corp., Ltd. 11,993 25,395 Flight Centre Travel Group, Ltd. 20,167 701,461 Fortescue Metals Group, Ltd. 489,173 2,248,342 G8 Education, Ltd. 158,417 480,061 Gateway Lifestyle 8,483 13,134 GBST Holdings, Ltd. 6,127 16,183 Genworth Mortgage Insurance Australia, Ltd. 45,151 108,722 GrainCorp, Ltd. Class A 85,215 594,976 Greencross, Ltd. 33,232 153,406 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) GUD Holdings, Ltd. 12,181 $ 116,433 GWA Group, Ltd. 82,577 214,211 Hansen Technologies, Ltd. 40,056 122,142 # Harvey Norman Holdings, Ltd. 181,114 633,273 Healthscope, Ltd. 324,678 540,432 HFA Holdings, Ltd. 20,779 42,500 * Hills, Ltd. 49,659 7,766 * Horizon Oil, Ltd. 251,263 10,257 HT&E, Ltd. 127,805 265,809 IDP Education, Ltd. 9,217 38,558 Iluka Resources, Ltd. 57,917 418,118 * Imdex, Ltd. 60,824 35,515 IMF Bentham, Ltd. 65,580 101,239 Incitec Pivot, Ltd. 376,532 961,358 Independence Group NL 197,519 477,162 Infomedia, Ltd. 91,828 54,382 Insurance Australia Group, Ltd. 109,781 585,505 Integrated Research, Ltd. 19,099 51,172 InvoCare, Ltd. 23,957 266,399 IOOF Holdings, Ltd. 73,370 589,395 IRESS, Ltd. 26,478 273,372 iSelect, Ltd. 57,728 96,480 iSentia Group, Ltd. 19,797 35,147 James Hardie Industries P.L.C. 31,169 477,254 James Hardie Industries P.L.C. Sponsored ADR 6,180 95,234 JB Hi-Fi, Ltd. 31,078 646,520 Jumbo Interactive, Ltd. 8,083 17,875 * Karoon Gas Australia, Ltd. 33,143 35,836 * Kingsgate Consolidated, Ltd. 46,498 8,572 Link Administration Holdings, Ltd. 96,097 592,422 * Lynas Corp., Ltd. 358,488 38,740 MACA, Ltd. 61,847 83,113 * Macmahon Holdings, Ltd. 196,207 26,738 Macquarie Atlas Roads Group 68,948 306,689 Macquarie Group, Ltd. 70,545 4,843,171 Magellan Financial Group, Ltd. 21,332 450,635 Mantra Group, Ltd. 96,588 232,663 MaxiTRANS Industries, Ltd. 33,340 18,767 * Mayne Pharma Group, Ltd. 115,327 88,605 McMillan Shakespeare, Ltd. 12,096 138,851 McPherson's, Ltd. 5,740 6,539 Medibank Pvt, Ltd. 350,542 762,793 * Medusa Mining, Ltd. 80,202 18,996 Melbourne IT, Ltd. 31,735 72,514 * Mesoblast, Ltd. 35,596 49,662 * Metals X, Ltd. 314,906 205,457 Metcash, Ltd. 429,585 900,685 * Millennium Minerals, Ltd. 74,492 10,796 Mineral Resources, Ltd. 64,549 634,674 * MMA Offshore, Ltd. 133,293 18,668 MNF Group, Ltd. 7,840 29,135 Monadelphous Group, Ltd. 34,048 415,370 Monash IVF Group, Ltd. 43,469 55,283 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Money3 Corp., Ltd. 13,906 $ 15,959 Mortgage Choice, Ltd. 27,543 51,156 Motorcycle Holdings, Ltd. 828 2,711 Myer Holdings, Ltd. 347,849 211,265 MYOB Group, Ltd. 28,602 76,064 National Australia Bank, Ltd. 208,492 4,998,136 Navitas, Ltd. 46,502 184,719 Neometals, Ltd. 55,598 12,668 * NetComm Wireless, Ltd. 20,389 27,288 New Hope Corp., Ltd. 32,366 41,452 Newcrest Mining, Ltd. 121,600 1,975,824 * NEXTDC, Ltd. 9,705 31,852 nib holdings, Ltd. 98,960 454,616 Nick Scali, Ltd. 5,433 26,541 Nine Entertainment Co. Holdings, Ltd. 201,170 231,670 Northern Star Resources, Ltd. 139,114 492,839 * NRW Holdings, Ltd. 77,935 40,776 Nufarm, Ltd. 80,386 544,172 OFX Group, Ltd. 34,002 44,642 Oil Search, Ltd. 152,464 811,201 Orica, Ltd. 125,356 1,992,857 * Origin Energy, Ltd. 220,285 1,220,266 * Orocobre, Ltd. 29,368 75,106 Orora, Ltd. 505,797 1,116,829 OZ Minerals, Ltd. 115,023 768,706 Pacific Current Group, Ltd. 3,721 20,838 Pact Group Holdings, Ltd. 27,030 123,954 * Paladin Energy, Ltd. 836,713 31,460 * Panoramic Resources, Ltd. 75,563 15,422 Peet, Ltd. 33,433 31,843 Perpetual, Ltd. 10,615 428,723 * Perseus Mining, Ltd. 363,765 92,330 Pioneer Credit, Ltd. 11,600 24,124 Platinum Asset Management, Ltd. 45,122 197,418 PMP, Ltd. 73,062 43,228 Premier Investments, Ltd. 37,130 405,267 Primary Health Care, Ltd. 229,591 622,100 Prime Media Group, Ltd. 139,893 45,355 Pro Medicus, Ltd. 8,252 34,281 Programmed Maintenance Services, Ltd. 105,884 252,529 Qantas Airways, Ltd. 334,671 1,422,375 QBE Insurance Group, Ltd. 156,812 1,485,567 Qube Holdings, Ltd. 294,876 626,863 # Quintis, Ltd. 136,509 32,762 * Ramelius Resources, Ltd. 106,460 34,240 Ramsay Health Care, Ltd. 8,906 502,889 RCG Corp., Ltd. 4,861 3,557 * RCR Tomlinson, Ltd. 48,729 146,208 REA Group, Ltd. 4,246 234,210 Reckon, Ltd. 23,466 28,195 Reece, Ltd. 591 19,987 Regis Healthcare, Ltd. 25,078 74,041 Regis Resources, Ltd. 108,474 334,310 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRALIA -- (Continued) Reject Shop, Ltd. (The) 10,302 $ 40,276 Resolute Mining, Ltd. 270,071 233,248 Retail Food Group, Ltd. 64,568 250,310 Ridley Corp., Ltd. 91,167 104,250 Rio Tinto, Ltd. 56,776 2,992,974 Ruralco Holdings, Ltd. 3,135 7,775 * Salmat, Ltd. 11,000 3,418 Sandfire Resources NL 74,499 345,457 * Santos, Ltd. 411,949 1,119,377 * Saracen Mineral Holdings, Ltd. 354,155 383,609 SeaLink Travel Group, Ltd. 7,457 25,245 Seek, Ltd. 56,971 779,017 Select Harvests, Ltd. 19,845 77,822 * Senex Energy, Ltd. 454,633 103,800 Servcorp, Ltd. 9,992 47,835 Service Stream, Ltd. 64,652 69,876 Seven Group Holdings, Ltd. 34,205 327,353 Seven West Media, Ltd. 435,437 282,115 SG Fleet Group, Ltd. 11,694 34,357 Sigma Healthcare, Ltd. 170,360 130,894 Silver Chef, Ltd. 7,886 53,169 * Silver Lake Resources, Ltd. 254,382 91,223 Sims Metal Management, Ltd. 69,266 860,390 Sirtex Medical, Ltd. 11,633 149,709 SMS Management & Technology, Ltd. 19,539 28,114 Sonic Healthcare, Ltd. 47,108 840,733 South32, Ltd. 669,739 1,562,068 South32, Ltd. ADR 47,819 557,091 Southern Cross Media Group, Ltd. 241,611 256,231 Spark Infrastructure Group 306,231 613,074 * Specialty Fashion Group, Ltd. 8,094 2,876 SpeedCast International, Ltd. 25,919 71,517 * St Barbara, Ltd. 97,768 213,439 Star Entertainment Grp, Ltd. (The) 272,629 1,099,807 Steadfast Group, Ltd. 158,610 328,574 Suncorp Group, Ltd. 149,767 1,711,785 * Sundance Energy Australia, Ltd. 306,898 16,224 Sunland Group, Ltd. 21,844 31,268 Super Retail Group, Ltd. 58,235 390,373 Sydney Airport 73,615 396,801 Tabcorp Holdings, Ltd. 283,898 948,624 Tassal Group, Ltd. 73,753 223,724 Tatts Group, Ltd. 384,942 1,231,881 Technology One, Ltd. 52,967 227,338 Telstra Corp., Ltd. 114,821 376,678 Telstra Corp., Ltd. ADR 600 9,810 * Ten Network Holdings, Ltd. 73,201 9,370 Thorn Group, Ltd. 57,038 60,258 * Tiger Resources, Ltd. 202,588 5,964 Tox Free Solutions, Ltd. 68,951 131,849 TPG Telecom, Ltd. 90,492 406,067 Transurban Group 96,237 878,886 Treasury Wine Estates, Ltd. 156,226 1,520,980 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ AUSTRALIA -- (Continued) * Troy Resources, Ltd. 169,473 $ 14,978 Villa World, Ltd. 8,903 16,033 Village Roadshow, Ltd. 27,836 89,511 * Virgin Australia Holdings, Ltd. 255,702 35,815 Virtus Health, Ltd. 34,266 153,619 Vita Group, Ltd. 24,482 25,700 Vocus Group, Ltd. 114,100 318,297 * Watpac, Ltd. 32,558 15,373 Webjet, Ltd. 15,563 143,348 Wesfarmers, Ltd. 57,265 1,866,001 * Western Areas, Ltd. 93,639 177,586 * Westgold Resources, Ltd. 52,959 66,989 Westpac Banking Corp. 215,524 5,493,736 * Whitehaven Coal, Ltd. 221,391 526,109 Woodside Petroleum, Ltd. 162,373 3,794,752 Woolworths, Ltd. 65,271 1,393,107 * WorleyParsons, Ltd. 89,296 842,755 WPP AUNZ, Ltd. 143,627 132,295 ------------ TOTAL AUSTRALIA 143,740,359 ------------ AUSTRIA -- (0.5%) Agrana Beteiligungs AG 828 112,219 ANDRITZ AG 16,091 985,150 Atrium European Real Estate, Ltd. 38,404 179,506 Austria Technologie & Systemtechnik AG 13,642 181,085 BUWOG AG 25,340 744,645 CA Immobilien Anlagen AG 19,079 492,386 DO & CO AG 897 65,654 Erste Group Bank AG 50,403 2,087,937 EVN AG 9,495 145,372 * FACC AG 2,325 28,123 Flughafen Wien AG 1,216 47,824 Kapsch TrafficCom AG 873 49,298 Lenzing AG 3,488 624,036 Mayr Melnhof Karton AG 2,507 330,439 Oesterreichische Post AG 7,933 364,739 OMV AG 54,902 3,110,042 Palfinger AG 2,024 94,594 POLYTEC Holding AG 4,485 82,865 Porr Ag 865 30,834 * Raiffeisen Bank International AG 42,406 1,249,691 RHI AG 6,143 231,791 Rosenbauer International AG 731 44,238 S IMMO AG 15,332 229,445 * Schoeller-Bleckmann Oilfield Equipment AG 813 61,573 Semperit AG Holding 3,249 99,254 Strabag SE 6,439 285,812 Telekom Austria AG 58,773 531,357 UNIQA Insurance Group AG 49,302 510,390 Verbund AG 19,776 391,190 Vienna Insurance Group AG Wiener Versicherung Gruppe 15,432 464,549 Voestalpine AG 33,267 1,686,101 Wienerberger AG 48,107 1,105,889 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- AUSTRIA -- (Continued) Zumtobel Group AG 4,824 $ 95,523 ----------- TOTAL AUSTRIA 16,743,551 ----------- BELGIUM -- (1.1%) * Ablynx NV 3,892 58,921 Ackermans & van Haaren NV 9,630 1,741,007 Ageas 82,429 3,710,836 * AGFA-Gevaert NV 93,007 433,649 Anheuser-Busch InBev SA/NV 41,726 5,033,511 Anheuser-Busch InBev SA/NV Sponsored ADR 8,449 1,019,456 Atenor 360 20,544 Banque Nationale de Belgique 51 175,890 Barco NV 4,501 450,807 Bekaert SA 16,052 776,398 bpost SA 20,072 549,495 * Celyad SA 1,598 53,149 Cie d'Entreprises CFE 2,964 436,977 Cie Immobiliere de Belgique SA 329 20,488 Colruyt SA 22,901 1,283,332 D'ieteren SA 11,594 549,212 Deceuninck NV 18,601 75,996 * Econocom Group SA 64,162 490,346 Elia System Operator SA 6,629 388,743 * Euronav NV 17,054 137,285 Euronav NV 36,257 289,261 EVS Broadcast Equipment SA 3,799 154,149 Exmar NV 13,346 78,350 * Fagron 6,944 94,821 * Galapagos NV 6,113 485,654 Ion Beam Applications 6,562 232,726 Jensen-Group NV 589 28,546 KBC Group NV 56,694 4,687,121 Kinepolis Group NV 7,850 451,051 Lotus Bakeries 60 167,615 * MDxHealth 5,908 34,694 Melexis NV 4,562 392,449 * Nyrstar NV 28,519 185,196 Ontex Group NV 20,516 703,572 Orange Belgium SA 16,120 397,597 Picanol 532 66,698 Proximus SADP 30,745 1,081,141 RealDolmen 455 14,204 Recticel SA 15,522 122,360 Resilux 440 78,144 Roularta Media Group NV 1,508 39,031 Sapec 178 12,623 Sioen Industries NV 4,172 144,863 Sipef SA 1,476 108,617 Solvay SA 21,584 3,094,739 * Telenet Group Holding NV 8,945 624,489 TER Beke SA 196 41,197 * Tessenderlo Group SA 15,206 667,570 UCB SA 24,264 1,766,951 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- BELGIUM -- (Continued) Umicore SA 23,662 $ 1,899,635 Van de Velde NV 2,567 138,241 * Viohalco SA 20,959 68,574 ----------- TOTAL BELGIUM 35,757,921 ----------- BRAZIL -- (1.4%) AES Tiete Energia SA(BZ8W2L7) 55,404 249,805 AES Tiete Energia SA(BZ8W2J5) 21 19 * Aliansce Shopping Centers SA 52,362 282,098 Alupar Investimento SA 35,448 208,481 Ambev SA 24,800 152,299 Ambev SA ADR 107,421 653,120 Arezzo Industria e Comercio SA 17,650 209,422 * B2W Cia Digital 80,420 342,999 B3 SA - Brasil Bolsa Balcao 444,499 2,920,706 Banco Alfa de Investimento SA 14,300 21,370 Banco Bradesco SA 81,473 787,728 Banco do Brasil SA 85,084 783,078 Banco Santander Brasil SA 33,028 270,189 BB Seguridade Participacoes SA 36,500 321,300 BR Malls Participacoes SA 149,506 632,860 BR Properties SA 25,417 79,470 * Brasil Brokers Participacoes SA 61,000 21,909 BrasilAgro - Co. Brasileira de Propriedades Agricolas 6,000 22,801 Braskem SA Sponsored ADR 23,556 565,815 * BRF SA 11,216 132,793 * BRF SA ADR 12,343 145,524 CCR SA 122,462 670,756 * Centrais Eletricas Brasileiras SA 40,200 174,034 * Cia Brasileira de Distribuicao 7,747 179,885 Cia de Saneamento Basico do Estado de Sao Paulo 23,700 254,986 Cia de Saneamento Basico do Estado de Sao Paulo ADR 25,800 277,608 Cia de Saneamento de Minas Gerais-COPASA 15,481 210,395 Cia Energetica de Minas Gerais 11,339 31,707 Cia Hering 66,458 457,993 Cia Paranaense de Energia 7,100 48,269 * Cia Siderurgica Nacional SA 120,100 293,476 #* Cia Siderurgica Nacional SA Sponsored ADR 222,689 543,361 Cielo SA 50,044 418,861 * Construtora Tenda SA 6,408 32,262 * Cosan Logistica SA 26,680 64,340 Cosan SA Industria e Comercio 46,791 541,682 CPFL Energia SA 29,300 252,376 CVC Brasil Operadora e Agencia de Viagens SA 18,600 212,641 Cyrela Brazil Realty SA Empreendimentos e Participacoes 126,521 496,614 Cyrela Commercial Properties SA Empreendimentos e * Participacoes 300 962 Dimed SA Distribuidora da Medicamentos 200 28,252 Direcional Engenharia SA 40,604 73,829 Duratex SA 131,185 333,184 EcoRodovias Infraestrutura e Logistica SA 67,520 231,465 EDP - Energias do Brasil SA 65,752 302,999 Embraer SA 8,000 40,457 Embraer SA Sponsored ADR 49,002 993,271 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- BRAZIL -- (Continued) Energisa SA 64,900 $ 518,226 Engie Brasil Energia SA 13,700 153,767 Equatorial Energia SA 39,532 718,798 Estacio Participacoes SA 98,108 641,815 * Eternit SA 53,144 21,985 * Even Construtora e Incorporadora SA 102,300 150,251 Ez Tec Empreendimentos e Participacoes SA 33,259 208,832 Fibria Celulose SA 25,130 266,583 Fibria Celulose SA Sponsored ADR 29,555 312,396 Fleury SA 75,200 724,183 GAEC Educacao SA 8,900 48,491 * Gafisa SA 6,408 24,351 # Gafisa SA ADR 4,033 30,530 Gerdau SA 59,100 201,463 # Gerdau SA Sponsored ADR 134,698 453,932 * Gol Linhas Aereas Inteligentes SA ADR 2,334 33,096 Grendene SA 26,900 228,081 Guararapes Confeccoes SA 4,700 158,091 * Helbor Empreendimentos SA 88,177 63,340 Hypermarcas SA 29,698 266,566 Iguatemi Empresa de Shopping Centers SA 18,500 217,727 * International Meal Co. Alimentacao SA 71,500 171,966 Iochpe Maxion SA 68,410 370,312 Itau Unibanco Holding SA 33,569 356,106 JBS SA 185,333 457,634 * JHSF Participacoes SA 62,700 36,795 * JSL SA 23,100 57,410 * Kepler Weber SA 4,800 36,465 Klabin SA 93,277 478,597 Kroton Educacional SA 373,233 1,804,914 * Light SA 26,507 191,682 Linx SA 15,300 84,783 Localiza Rent a Car SA 52,609 875,594 Lojas Americanas SA 34,894 144,462 Lojas Renner SA 167,706 1,575,765 * LPS Brasil Consultoria de Imoveis SA 4,600 6,461 M Dias Branco SA 28,048 456,561 Magazine Luiza SA 500 58,826 Magnesita Refratarios SA 19,386 216,959 Mahle-Metal Leve SA 9,900 54,003 * Marfrig Global Foods SA 160,000 329,405 * Marisa Lojas SA 19,360 36,630 * Mills Estruturas e Servicos de Engenharia SA 52,057 66,441 Minerva SA 15,269 60,717 MRV Engenharia e Participacoes SA 159,837 734,512 Multiplan Empreendimentos Imobiliarios SA 12,078 278,406 Multiplus SA 16,000 204,159 Natura Cosmeticos SA 40,447 324,915 Odontoprev SA 87,163 363,651 * Paranapanema SA 51,280 26,640 * Petroleo Brasileiro SA 321,106 1,421,028 * Petroleo Brasileiro SA Sponsored ADR 19,287 169,918 Porto Seguro SA 41,477 418,980 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- BRAZIL -- (Continued) Portobello SA 38,500 $ 46,792 * Profarma Distribuidora de Produtos Farmaceuticos SA 3,300 8,350 Qualicorp SA 131,426 1,382,389 Raia Drogasil SA 35,950 795,469 * Restoque Comercio e Confeccoes de Roupas SA 4,268 50,641 * Rodobens Negocios Imobiliarios SA 6,300 11,091 * Rumo SA 172,716 572,703 * Santos Brasil Participacoes SA 89,250 60,676 Sao Martinho SA 48,000 270,297 Ser Educacional SA 14,900 122,273 SLC Agricola SA 34,600 241,441 Smiles SA 20,247 422,620 Sonae Sierra Brasil SA 5,937 37,964 * Springs Global Participacoes SA 12,600 41,376 Sul America SA 99,110 557,788 T4F Entretenimento SA 5,200 10,422 * Tecnisa SA 56,621 42,488 Telefonica Brasil SA ADR 12,260 182,429 Tim Participacoes SA 78,821 268,942 Tim Participacoes SA ADR 6,220 104,931 Totvs SA 36,982 355,782 * TPI - Triunfo Participacoes e Investimentos SA 16,900 21,895 Transmissora Alianca de Energia Eletrica SA 66,833 497,655 Tupy SA 12,500 59,326 Ultrapar Participacoes SA 2,500 59,326 # Ultrapar Participacoes SA Sponsored ADR 28,612 677,246 * Usinas Siderurgicas de Minas Gerais SA 23,560 78,499 Vale SA 181,082 1,817,585 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 34,312 185,625 Via Varejo SA 74,100 341,943 WEG SA 43,743 265,683 Wiz Solucoes e Corretagem de Seguros SA 16,500 104,767 ----------- TOTAL BRAZIL 42,979,066 ----------- CANADA -- (6.1%) * 5N Plus, Inc. 20,100 50,139 Absolute Software Corp. 14,380 91,695 Acadian Timber Corp. 953 14,065 * Advantage Oil & Gas, Ltd. 79,861 548,954 Aecon Group, Inc. 26,073 314,946 Ag Growth International, Inc. 2,000 89,753 AGF Management, Ltd. Class B 37,928 227,857 Agnico Eagle Mines, Ltd.(008474108) 4,456 208,140 Agnico Eagle Mines, Ltd.(2009823) 20,230 944,549 Agrium, Inc.(2213538) 10,637 1,064,425 Agrium, Inc.(008916108) 9,921 993,092 AGT Food & Ingredients, Inc. 11,918 243,092 Aimia, Inc. 27,130 31,553 * Air Canada 15,333 243,877 AirBoss of America Corp. 10,693 113,641 * Alacer Gold Corp. 122,202 203,874 Alamos Gold, Inc. Class A(011532108) 40,526 287,329 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Alamos Gold, Inc. Class A(BZ3DNP6) 85,374 $ 604,654 Alaris Royalty Corp. 13,848 250,358 #* Alexco Resource Corp. 33,113 45,151 Algoma Central Corp. 3,600 35,228 Algonquin Power & Utilities Corp. 58,426 624,679 Alimentation Couche-Tard, Inc. Class B 32,955 1,562,703 * Alio Gold, Inc. 11,445 48,101 AltaGas, Ltd. 27,892 649,229 Alterra Power Corp. 2,071 9,948 Altus Group, Ltd. 11,055 226,642 * Amaya, Inc.(02314M108) 17,085 302,405 * Amaya, Inc.(BT8J595) 17,397 308,520 * Americas Silver Corp. 11,652 37,290 Andrew Peller, Ltd. Class A 11,100 98,825 ARC Resources, Ltd. 54,027 744,916 * Argonaut Gold, Inc. 72,341 127,072 Atco, Ltd. Class I 12,000 446,697 * Athabasca Oil Corp. 182,955 152,615 * ATS Automation Tooling Systems, Inc. 29,357 315,527 * AuRico Metals, Inc.(05157J108) 13,553 12,902 * AuRico Metals, Inc.(BYR52G5) 29,187 27,624 AutoCanada, Inc. 12,710 204,706 * Avigilon Corp. 10,738 122,129 * B2Gold Corp. 375,341 942,304 Badger Daylighting, Ltd. 7,590 161,206 Bank of Montreal(2076009) 53,984 4,094,427 Bank of Montreal(063671101) 37,601 2,852,788 Bank of Nova Scotia (The)(2076281) 46,481 2,895,672 Bank of Nova Scotia (The)(064149107) 53,768 3,350,284 Barrick Gold Corp. 60,434 1,021,939 #* Baytex Energy Corp.(B4VGVM3) 70,319 197,406 #* Baytex Energy Corp.(07317Q105) 22,889 63,860 BCE, Inc. 18,344 861,026 * Bellatrix Exploration, Ltd.(078314507) 1,785 4,445 #* Bellatrix Exploration, Ltd.(BF237Z5) 21,090 52,778 Birchcliff Energy, Ltd. 90,731 443,921 Bird Construction, Inc. 11,216 76,198 Black Diamond Group, Ltd. 22,216 47,399 * BlackBerry, Ltd.(09228F103) 44,454 416,979 * BlackBerry, Ltd.(BCBHZ31) 33,125 310,593 * BlackPearl Resources, Inc. 67,251 53,402 * Bombardier, Inc. Class A 28,590 58,476 * Bombardier, Inc. Class B 274,700 553,036 Bonavista Energy Corp. 98,102 246,288 Bonterra Energy Corp. 13,150 177,197 Boralex, Inc. Class A 28,800 514,438 Brookfield Asset Management, Inc. Class A 21,550 838,147 BRP, Inc. 7,648 245,067 CAE, Inc.(2162760) 26,952 456,784 CAE, Inc.(124765108) 5,994 101,718 * Calfrac Well Services, Ltd. 52,372 141,983 Calian Group, Ltd. 2,400 53,862 Callidus Capital Corp. 5,800 70,665 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Cameco Corp.(13321L108) 7,699 $ 78,915 Cameco Corp.(2166160) 83,684 857,144 Canaccord Genuity Group, Inc. 56,815 285,728 #* Canacol Energy, Ltd. 60,048 216,255 Canadian Imperial Bank of Commerce(136069101) 2,936 254,962 Canadian Imperial Bank of Commerce(2170525) 22,603 1,961,978 Canadian National Railway Co.(2180632) 13,000 1,027,279 Canadian National Railway Co.(136375102) 5,736 453,259 Canadian Natural Resources, Ltd.(136385101) 84,975 2,600,235 Canadian Natural Resources, Ltd.(2171573) 11,320 346,205 Canadian Pacific Railway, Ltd. 9,072 1,420,304 Canadian Tire Corp., Ltd. Class A 12,043 1,374,646 Canadian Utilities, Ltd. Class A 18,114 574,912 Canadian Western Bank 48,020 1,078,452 * Canfor Corp. 37,704 632,659 Canfor Pulp Products, Inc. 15,606 147,830 CanWel Building Materials Group, Ltd. 12,100 59,687 Capital Power Corp. 21,645 427,258 * Capstone Mining Corp. 149,688 144,075 Cara Operations, Ltd. 2,300 43,260 Cascades, Inc. 31,287 385,708 CCL Industries, Inc. Class B 28,675 1,374,698 * Celestica, Inc.(2263362) 3,800 45,170 * Celestica, Inc.(15101Q108) 48,586 577,688 Cenovus Energy, Inc. 113,233 952,290 Centerra Gold, Inc. 101,954 543,811 * Cequence Energy, Ltd. 42,205 5,924 Cervus Equipment Corp. 3,004 29,468 CES Energy Solutions Corp. 25,217 128,841 * CGI Group, Inc. Class A 27,460 1,449,923 Chesswood Group, Ltd. 3,200 34,727 * China Gold International Resources Corp., Ltd. 125,324 190,989 CI Financial Corp. 30,766 670,226 Cineplex, Inc. 17,123 675,306 Clearwater Seafoods, Inc. 5,700 50,931 Cogeco Communications, Inc. 9,623 672,279 Cogeco, Inc. 18,126 1,110,458 * Colabor Group, Inc. 13,000 8,655 Colliers International Group, Inc.(194693107) 5,284 284,543 Colliers International Group, Inc.(BYL7SB4) 2,800 150,808 Computer Modelling Group, Ltd. 21,224 161,212 Cona Resources, Ltd. 11,822 28,921 Constellation Software, Inc. 2,091 1,126,465 #* Copper Mountain Mining Corp. 81,321 65,226 Corby Spirit and Wine, Ltd. 1,600 28,233 * Corridor Resources, Inc. 15,700 7,052 Corus Entertainment, Inc. Class B 48,825 542,000 Cott Corp.(22163N106) 27,076 420,761 Cott Corp.(2228952) 44,999 698,400 Crescent Point Energy Corp.(B67C8W8) 21,400 168,213 Crescent Point Energy Corp.(22576C101) 46,828 367,600 * Crew Energy, Inc. 65,575 213,543 * CRH Medical Corp. 16,065 52,702 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) #* Delphi Energy Corp. 90,700 $ 89,481 #* Denison Mines Corp. 145,885 76,058 * Descartes Systems Group, Inc. (The) 9,700 243,366 * Detour Gold Corp. 69,263 871,100 DHX Media, Ltd.(BRF12P5) 19,772 103,082 DHX Media, Ltd.(BRF12N3) 23,751 123,637 * DIRTT Environmental Solutions 10,600 50,503 Dollarama, Inc. 13,114 1,281,895 Dominion Diamond Corp.(B95LX89) 20,000 281,372 Dominion Diamond Corp.(257287102) 16,248 228,772 Dorel Industries, Inc. Class B 13,250 350,074 * Dundee Precious Metals, Inc. 63,220 133,362 E-L Financial Corp., Ltd. 184 124,265 ECN Capital Corp. 39,200 124,509 Eldorado Gold Corp.(284902103) 22,591 47,893 Eldorado Gold Corp.(2307873) 278,188 589,065 Element Fleet Management Corp. 160,123 1,212,401 Emera, Inc. 5,459 203,166 Empire Co., Ltd. Class A 74,904 1,217,209 Enbridge Income Fund Holdings, Inc. 26,103 670,816 Enbridge, Inc.(2466149) 17,357 719,478 Enbridge, Inc.(29250N105) 16,867 699,306 Encana Corp.(2793193) 14,551 146,473 Encana Corp.(292505104) 77,786 782,527 * Endeavour Mining Corp. 21,819 415,474 * Endeavour Silver Corp. 4,372 13,255 Enercare, Inc. 36,044 605,383 Enerflex, Ltd. 36,495 504,651 * Energy Fuels, Inc. 20,600 36,681 Enerplus Corp.(292766102) 42,278 381,348 Enerplus Corp.(B584T89) 67,300 607,279 Enghouse Systems, Ltd. 4,522 193,792 Ensign Energy Services, Inc. 63,220 338,221 * Epsilon Energy, Ltd. 17,760 44,943 Equitable Group, Inc. 5,200 228,479 * Essential Energy Services Trust 38,149 18,359 Evertz Technologies, Ltd. 8,165 116,245 Exchange Income Corp. 8,657 200,255 Exco Technologies, Ltd. 23,540 209,202 * EXFO, Inc. 33 136 Extendicare, Inc. 20,535 156,308 Fairfax Financial Holdings, Ltd. 3,277 1,562,630 Fiera Capital Corp. 10,800 124,740 Finning International, Inc. 55,369 1,114,264 First Capital Realty, Inc. 22,500 368,157 * First Majestic Silver Corp. 40,384 332,336 # First National Financial Corp. 3,400 68,177 First Quantum Minerals, Ltd. 155,578 1,719,559 FirstService Corp.(33767E103) 5,607 361,315 FirstService Corp.(BYL7ZF7) 2,200 141,785 Fortis, Inc. 14,829 540,707 * Fortress Paper, Ltd. Class A 1,649 8,048 * Fortuna Silver Mines, Inc. 54,140 270,537 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Franco-Nevada Corp. 3,505 $ 253,972 Gamehost, Inc. 6,298 46,878 Genesis Land Development Corp. 12,700 36,977 Genworth MI Canada, Inc. 25,974 757,710 George Weston, Ltd. 11,061 966,058 Gibson Energy, Inc. 32,631 424,785 Gildan Activewear, Inc. 21,696 653,795 * Glacier Media, Inc. 1,400 696 Gluskin Sheff + Associates, Inc. 8,975 122,162 * GMP Capital, Inc. 9,669 23,266 goeasy, Ltd. 5,367 120,233 Goldcorp, Inc.(380956409) 101,936 1,338,420 Goldcorp, Inc.(2676302) 17,818 233,953 #* Golden Star Resources, Ltd. 95,063 64,811 * Gran Tierra Energy, Inc.(38500T101) 444 1,048 * Gran Tierra Energy, Inc.(B2PPCS5) 167,248 393,051 Granite Oil Corp. 19,930 74,012 * Great Canadian Gaming Corp. 16,200 315,229 * Great Panther Silver, Ltd. 18,200 23,649 Great-West Lifeco, Inc. 15,500 442,342 * Heroux-Devtek, Inc. 8,391 89,311 High Liner Foods, Inc. 12,787 173,844 * HNZ Group, Inc. 700 7,962 Home Capital Group, Inc. 30,339 335,816 Horizon North Logistics, Inc. 56,814 60,152 HudBay Minerals, Inc.(B05BQ98) 37,299 290,932 HudBay Minerals, Inc.(B05BDX1) 71,632 556,164 Hudson's Bay Co. 33,828 289,509 * Husky Energy, Inc. 58,320 675,004 Hydro One, Ltd. 4,500 80,706 * IAMGOLD Corp.(450913108) 35,221 190,193 * IAMGOLD Corp.(2446646) 156,060 842,417 IGM Financial, Inc. 8,283 278,769 * Imperial Metals Corp. 9,500 29,108 Imperial Oil, Ltd. 19,697 564,122 Imvescor Restaurant Group, Inc. 3,900 10,792 * Indigo Books & Music, Inc. 1,800 22,450 Industrial Alliance Insurance & Financial Services, Inc. 33,201 1,540,281 Information Services Corp. 2,900 43,520 Innergex Renewable Energy, Inc. 23,110 271,185 Intact Financial Corp. 7,700 598,151 Inter Pipeline, Ltd. 21,409 422,771 * Interfor Corp. 33,168 516,375 Intertape Polymer Group, Inc. 19,270 371,412 Jean Coutu Group PJC, Inc. (The) Class A 19,200 320,013 Just Energy Group, Inc. 28,226 151,459 K-Bro Linen, Inc. 1,229 39,677 * Kelt Exploration, Ltd. 64,047 343,674 Keyera Corp. 22,144 691,983 * Kinaxis, Inc. 3,025 194,566 * Kinross Gold Corp.(496902404) 7,412 30,537 * Kinross Gold Corp.(B03Z841) 517,750 2,134,538 Kirkland Lake Gold, Ltd. 40,234 416,943 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) * Klondex Mines, Ltd. 57,163 $ 182,023 Lassonde Industries, Inc. Class A 100 19,234 Laurentian Bank of Canada 16,761 728,248 Leon's Furniture, Ltd. 6,144 88,901 Linamar Corp. 23,863 1,307,847 Liquor Stores N.A., Ltd. 15,791 126,784 Loblaw Cos., Ltd. 15,350 835,964 Lucara Diamond Corp. 108,914 234,120 Lundin Mining Corp. 215,994 1,554,013 MacDonald Dettwiler & Associates, Ltd. 11,645 660,452 Magellan Aerospace Corp. 9,800 156,501 Magna International, Inc.(2554475) 56,734 2,705,758 Magna International, Inc.(559222401) 852 40,632 * Mainstreet Equity Corp. 3,543 106,539 * Major Drilling Group International, Inc. 38,697 255,756 Mandalay Resources Corp. 185,085 57,897 Manulife Financial Corp.(2492519) 70,641 1,455,032 Manulife Financial Corp.(56501R106) 85,648 1,766,062 Maple Leaf Foods, Inc. 28,187 779,085 Martinrea International, Inc. 38,841 313,719 Medical Facilities Corp. 13,342 139,547 #* MEG Energy Corp. 92,277 378,952 Methanex Corp.(2654416) 18,500 820,277 Methanex Corp.(59151K108) 5,399 239,176 Metro, Inc. 59,384 2,011,459 * Mitel Networks Corp. 52,650 448,480 Morguard Corp. 400 55,190 Morneau Shepell, Inc. 21,396 354,727 MTY Food Group, Inc. 4,300 162,308 Mullen Group, Ltd. 36,338 465,173 National Bank of Canada 63,491 2,859,450 New Flyer Industries, Inc. 11,365 463,351 * New Gold, Inc. 206,119 689,405 * Newalta Corp. 38,960 39,687 Norbord, Inc.(65548P403) 457 16,205 Norbord, Inc.(2641441) 8,762 310,997 North American Energy Partners, Inc. 8,600 36,214 North West Co., Inc. (The) 10,630 260,389 Northland Power, Inc. 25,075 467,007 * NuVista Energy, Ltd. 69,369 355,539 * Obsidian Energy, Ltd.(674482104) 26,052 30,741 * Obsidian Energy, Ltd.(BDHLTZ4) 201,044 237,044 OceanaGold Corp. 288,175 788,191 Onex Corp. 9,400 753,282 Open Text Corp. 18,400 615,424 Osisko Gold Royalties, Ltd. 45,003 577,898 * Painted Pony Energy, Ltd. 41,052 149,819 Pan American Silver Corp.(697900108) 60,321 1,016,409 Pan American Silver Corp.(2669272) 9,100 153,279 * Paramount Resources, Ltd. Class A 23,588 378,013 * Parex Resources, Inc. 31,286 384,943 Parkland Fuel Corp. 18,622 399,550 Pason Systems, Inc. 13,230 193,131 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Pembina Pipeline Corp.(B4PT2P8) 3,842 $ 130,938 Pembina Pipeline Corp.(B4PPQG5) 7,992 272,527 #* Pengrowth Energy Corp. 216,240 163,036 Peyto Exploration & Development Corp. 21,031 373,809 * PHX Energy Services Corp. 8,919 14,737 Pizza Pizza Royalty Corp. 10,074 135,505 Potash Corp. of Saskatchewan, Inc.(2696980) 10,800 193,174 Potash Corp. of Saskatchewan, Inc.(73755L107) 70,762 1,266,640 * Precision Drilling Corp.(74022D308) 24,082 70,319 * Precision Drilling Corp.(B5YPLH9) 100,961 293,145 Premium Brands Holdings Corp. 6,100 440,492 #* Primero Mining Corp. 95,860 34,599 * Pulse Seismic, Inc. 22,820 46,857 Pure Technologies, Ltd. 5,300 21,383 Quarterhill, Inc. 57,968 83,227 Quebecor, Inc. Class B 19,400 672,367 * Questerre Energy Corp. Class A 32,700 19,409 * Raging River Exploration, Inc. 32,866 210,625 Reitmans Canada, Ltd. Class A 19,404 71,126 Restaurant Brands International, Inc. 6,600 393,221 Richelieu Hardware, Ltd. 11,004 287,115 * Richmont Mines, Inc.(2752826) 8,700 72,503 * Richmont Mines, Inc.(76547T106) 1,600 13,360 Ritchie Bros Auctioneers, Inc.(2345390) 7,600 214,574 Ritchie Bros Auctioneers, Inc.(767744105) 4,495 126,894 * RMP Energy, Inc. 82,801 39,848 Rocky Mountain Dealerships, Inc. 3,991 32,299 Rogers Communications, Inc. Class B(2169051) 4,600 239,196 Rogers Communications, Inc. Class B(775109200) 5,774 300,248 Rogers Sugar, Inc. 49,881 256,457 Royal Bank of Canada(2754383) 55,774 4,160,850 Royal Bank of Canada(780087102) 69,446 5,177,894 Russel Metals, Inc. 20,051 401,100 * Sandstorm Gold, Ltd. 59,244 244,246 Sandvine Corp. 68,300 239,947 Saputo, Inc. 15,040 509,798 Secure Energy Services, Inc. 64,000 483,561 * SEMAFO, Inc. 114,114 275,503 * Seven Generations Energy, Ltd. Class A 6,665 115,846 Shaw Communications, Inc. Class B(2801836) 10,510 234,015 Shaw Communications, Inc. Class B(82028K200) 26,776 596,302 ShawCor, Ltd. 14,898 333,868 * Sherritt International Corp. 155,603 107,334 * Shopify, Inc. Class A 699 64,567 Sienna Senior Living, Inc. 9,509 131,109 * Sierra Wireless, Inc.(2418968) 7,200 212,001 * Sierra Wireless, Inc.(826516106) 6,567 193,727 * Silver Standard Resources, Inc.(82823L106) 8,887 86,471 * Silver Standard Resources, Inc.(2218458) 43,063 418,622 SNC-Lavalin Group, Inc. 18,381 809,545 * Solium Capital, Inc. 6,223 48,366 * Spartan Energy Corp. 24,971 127,985 Sprott, Inc. 93,500 171,739 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- CANADA -- (Continued) Stantec, Inc.(2854238) 16,542 $ 420,864 Stantec, Inc.(85472N109) 2,216 56,508 Stella-Jones, Inc. 6,606 231,177 * Strad Energy Services, Ltd. 100 111 Stuart Olson, Inc. 1,740 7,425 Student Transportation, Inc. 38,096 224,283 Sun Life Financial, Inc.(866796105) 34,610 1,326,601 Sun Life Financial, Inc.(2566124) 15,000 574,855 Suncor Energy, Inc.(B3NB1P2) 111,613 3,640,906 Suncor Energy, Inc.(867224107) 80,311 2,619,745 * SunOpta, Inc.(8676EP108) 22,701 215,660 * SunOpta, Inc.(2817510) 4,800 45,815 Superior Plus Corp. 56,105 491,861 Surge Energy, Inc. 124,742 217,117 Tahoe Resources, Inc.(B5B9KV1) 25,669 140,415 Tahoe Resources, Inc.(873868103) 80,828 442,131 * Taseko Mines, Ltd. 60,113 89,681 Teck Resources, Ltd. Class A 600 13,432 Teck Resources, Ltd. Class B(2879327) 66,025 1,433,035 Teck Resources, Ltd. Class B(878742204) 85,546 1,855,493 TELUS Corp. 24,664 890,812 * Tembec, Inc. 44,264 161,186 * Teranga Gold Corp. 31,635 80,942 TFI International, Inc. 44,463 1,045,286 * Theratechnologies, Inc. 16,597 103,835 Thomson Reuters Corp. 24,281 1,112,047 TMX Group, Ltd. 14,192 752,429 TORC Oil & Gas, Ltd. 70,208 315,914 Toromont Industries, Ltd. 15,859 588,821 Toronto-Dominion Bank (The)(2897222) 92,478 4,767,244 Toronto-Dominion Bank (The)(891160509) 934 48,138 Torstar Corp. Class B 16,400 19,205 Total Energy Services, Inc. 15,999 155,278 * Tourmaline Oil Corp. 47,450 1,052,341 TransAlta Corp.(89346D107) 33,238 217,709 TransAlta Corp.(2901628) 79,421 517,901 TransAlta Renewables, Inc. 24,315 285,130 TransCanada Corp. 35,530 1,815,329 Transcontinental, Inc. Class A 36,087 735,778 * TransGlobe Energy Corp.(893662106) 1,119 1,511 * TransGlobe Energy Corp.(2470548) 21,290 29,030 * Trican Well Service, Ltd. 148,510 434,780 * Trilogy Energy Corp. 28,124 119,331 * Trinidad Drilling, Ltd. 127,520 183,084 * Trisura Group, Ltd. 121 2,491 * Turquoise Hill Resources, Ltd. 217,037 713,737 Uni-Select, Inc. 22,152 517,043 * Valeant Pharmaceuticals International, Inc.(91911K102) 46,231 760,962 * Valeant Pharmaceuticals International, Inc.(B3XSX46) 47,900 789,145 Valener, Inc. 10,434 180,435 Veresen, Inc. 103,747 1,515,326 Vermilion Energy, Inc.(B607XS1) 3,800 125,148 Vermilion Energy, Inc.(923725105) 9,898 326,238 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ CANADA -- (Continued) Wajax Corp. 8,029 $ 151,017 Waste Connections, Inc. 11,349 737,619 * Wesdome Gold Mines, Ltd. 63,960 126,201 West Fraser Timber Co., Ltd. 27,036 1,436,643 * Western Energy Services Corp. 27,766 32,070 Western Forest Products, Inc. 186,665 371,309 Westshore Terminals Investment Corp. 12,037 227,851 Wheaton Precious Metals Corp.(962879102) 28,352 575,829 Wheaton Precious Metals Corp.(BF13KN5) 3,698 74,983 Whitecap Resources, Inc. 155,381 1,147,828 Winpak, Ltd. 8,500 364,953 WSP Global, Inc. 20,978 851,571 Yamana Gold, Inc.(2219279) 293,194 764,292 Yamana Gold, Inc.(98462Y100) 8,700 22,620 * Yangarra Resources, Ltd. 21,609 58,756 * Yellow Pages, Ltd. 9,936 52,121 ZCL Composites, Inc. 5,000 53,258 ------------ TOTAL CANADA 193,789,935 ------------ CHILE -- (0.3%) AES Gener SA 423,830 157,487 Aguas Andinas SA Class A 422,238 266,414 Banco de Chile ADR 1,584 135,374 Banco de Credito e Inversiones 7,432 448,523 Banco Santander Chile 1,227,899 87,058 Banco Santander Chile ADR 8,227 232,566 Banmedica SA 41,516 101,019 Besalco SA 128,114 130,127 CAP SA 44,356 467,595 Cencosud SA 104,576 297,671 Cia Cervecerias Unidas SA Sponsored ADR 11,298 300,640 * Cia Sud Americana de Vapores SA 6,048,410 280,644 Colbun SA 610,314 142,766 Cristalerias de Chile SA 2,000 20,869 Embotelladora Andina SA Class B ADR 4,903 134,048 Empresa Nacional de Telecomunicaciones SA 55,106 627,479 * Empresas AquaChile SA 28,692 14,351 Empresas CMPC SA 252,408 644,819 Empresas COPEC SA 21,433 261,435 Empresas Hites SA 30,027 34,658 * Empresas La Polar SA 453,184 51,170 Enel Americas SA 368,503 74,416 Enel Americas SA ADR 59,761 597,610 Enel Chile SA(BYMLZD6) 368,503 40,180 Enel Chile SA(29278D105) 47,492 259,781 Enel Generacion Chile SA 65,387 50,918 Enel Generacion Chile SA ADR 7,303 170,306 Engie Energia Chile SA 99,395 216,445 Forus SA 17,454 62,852 Grupo Security SA 147,850 55,974 Inversiones Aguas Metropolitanas SA 200,457 350,142 Inversiones La Construccion SA 9,888 132,388 Itau CorpBanca(45033E105) 9,675 140,287 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHILE -- (Continued) Itau CorpBanca(BYT25P4) 16,198,544 $ 153,562 Latam Airlines Group SA 17,661 207,489 # Latam Airlines Group SA Sponsored ADR 71,815 842,390 * Masisa SA 787,592 58,785 Molibdenos y Metales SA 1,797 18,930 Multiexport Foods SA 121,382 39,509 Parque Arauco SA 120,227 316,039 PAZ Corp. SA 30,769 36,651 Ripley Corp. SA 240,127 205,098 SACI Falabella 18,297 169,040 Salfacorp SA 151,840 200,260 Sigdo Koppers SA 78,916 120,231 Sociedad Matriz SAAM SA 345,944 36,975 Sociedad Quimica y Minera de Chile SA Sponsored ADR 5,679 233,464 Socovesa SA 110,770 58,130 Sonda SA 110,638 210,246 Vina Concha y Toro SA 119,248 192,143 Vina Concha y Toro SA Sponsored ADR 800 25,160 ----------- TOTAL CHILE 10,112,114 ----------- CHINA -- (6.6%) * 21Vianet Group, Inc. ADR 29,993 133,769 #* 3SBio, Inc. 90,000 112,832 #* 500.com, Ltd. Class A ADR 7,244 85,986 * 51job, Inc. ADR 1,915 94,333 * 58.com, Inc. ADR 13,236 675,698 AAC Technologies Holdings, Inc. 93,500 1,256,047 # Agile Group Holdings, Ltd. 788,749 937,717 Agricultural Bank of China, Ltd. Class H 2,792,000 1,302,307 Air China, Ltd. Class H 404,000 364,355 Ajisen China Holdings, Ltd. 237,000 102,438 * Alibaba Group Holding, Ltd. Sponsored ADR 18,326 2,839,614 #* Alibaba Pictures Group, Ltd. 2,180,000 368,246 * Aluminum Corp. of China, Ltd. ADR 4,650 73,470 #* Aluminum Corp. of China, Ltd. Class H 712,000 446,083 AMVIG Holdings, Ltd. 130,000 37,798 # Angang Steel Co., Ltd. Class H 416,000 337,148 Anhui Conch Cement Co., Ltd. Class H 177,000 653,892 Anhui Expressway Co., Ltd. Class H 110,000 83,006 Anta Sports Products, Ltd. 200,000 685,662 #* Anton Oilfield Services Group 744,000 71,334 * Anxin-China Holdings, Ltd. 816,000 7,543 Asia Cement China Holdings Corp. 143,500 48,463 * AVIC International Holding HK, Ltd. 776,000 38,267 AVIC International Holdings, Ltd. Class H 110,000 56,439 # AviChina Industry & Technology Co., Ltd. Class H 776,000 475,467 # BAIC Motor Corp., Ltd. Class H 454,000 408,146 * Baidu, Inc. Sponsored ADR 3,334 754,651 Bank of China, Ltd. Class H 6,209,800 3,054,057 Bank of Chongqing Co., Ltd. Class H 176,500 152,933 Bank of Communications Co., Ltd. Class H 715,695 529,390 * Baoye Group Co., Ltd. Class H 87,040 67,479 # BBMG Corp. Class H 606,000 305,067 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Beijing Capital International Airport Co., Ltd. Class H 506,000 $ 796,354 Beijing Capital Land, Ltd. Class H 534,000 281,443 Beijing Enterprises Holdings, Ltd. 148,500 788,096 * Beijing Enterprises Medical & Health Group, Ltd. 792,000 49,657 Beijing Enterprises Water Group, Ltd. 999,000 828,957 Beijing Jingneng Clean Energy Co., Ltd. Class H 350,000 101,167 # Beijing North Star Co., Ltd. Class H 358,000 145,172 #* Beijing Properties Holdings, Ltd. 616,000 29,154 Beijing Urban Construction Design & Development Group Co., Ltd. Class H 64,000 42,159 # BEP International Holdings, Ltd. 930,000 24,482 # Best Pacific International Holdings, Ltd. 186,000 101,640 * Besunyen Holdings Co., Ltd. 170,000 12,832 #* Bitauto Holdings, Ltd. ADR 13,092 413,707 Bloomage Biotechnology Corp., Ltd. 60,000 112,328 #* Boer Power Holdings, Ltd. 117,000 34,281 Bosideng International Holdings, Ltd. 296,000 26,128 Brilliance China Automotive Holdings, Ltd. 392,000 991,767 # Byd Co., Ltd. Class H 54,000 336,094 BYD Electronic International Co., Ltd. 361,500 911,898 * C C Land Holdings, Ltd. 937,824 213,523 #* C.banner International Holdings, Ltd. 126,000 50,468 Cabbeen Fashion, Ltd. 40,000 11,001 # Canvest Environmental Protection Group Co., Ltd. 170,000 92,901 * Capital Environment Holdings, Ltd. 640,000 24,556 #* CAR, Inc. 325,000 282,897 Carrianna Group Holdings Co., Ltd. 26,000 3,061 * Central China Real Estate, Ltd. 296,696 89,229 # Central China Securities Co., Ltd. Class H 239,000 108,729 * Century Sunshine Group Holdings, Ltd. 1,055,000 36,507 #* CGN Meiya Power Holdings Co., Ltd. 540,000 78,068 CGN Power Co., Ltd. Class H 306,000 83,745 Changshouhua Food Co., Ltd. 87,000 43,394 * Changyou.com, Ltd. ADR 1,794 75,940 Chaowei Power Holdings, Ltd. 321,000 181,891 * Cheetah Mobile, Inc. ADR 4,738 52,308 * Chigo Holding, Ltd. 1,272,000 15,955 China Aerospace International Holdings, Ltd. 848,000 108,463 China Agri-Industries Holdings, Ltd. 1,073,700 480,632 # China All Access Holdings, Ltd. 160,000 47,098 * China Animal Healthcare, Ltd. 47,000 5,867 # China Animation Characters Co., Ltd. 230,000 91,568 China Aoyuan Property Group, Ltd. 541,000 231,677 China BlueChemical, Ltd. Class H 812,000 228,791 China CITIC Bank Corp., Ltd. Class H 826,000 535,403 # China Coal Energy Co., Ltd. Class H 743,000 366,759 China Communications Construction Co., Ltd. Class H 498,000 663,277 China Communications Services Corp., Ltd. Class H 852,000 462,780 # China Conch Venture Holdings, Ltd. 143,500 266,623 China Construction Bank Corp. Class H 12,259,200 10,178,991 China Datang Corp. Renewable Power Co., Ltd. Class H 559,000 66,490 * China Daye Non-Ferrous Metals Mining, Ltd. 3,026,163 43,604 * China Dynamics Holdings, Ltd. 1,050,000 20,818 China Eastern Airlines Corp., Ltd. 2,373 65,613 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) China Eastern Airlines Corp., Ltd. Class H 222,000 $ 122,334 # China Electronics Corp. Holdings Co., Ltd. 122,000 17,616 China Electronics Optics Valley Union Holding Co., Ltd. 452,000 40,474 China Energy Engineering Corp., Ltd. Class H 90,000 16,469 China Everbright Bank Co., Ltd. Class H 572,000 277,341 China Everbright International, Ltd. 309,000 402,940 China Everbright Water, Ltd. 127,600 46,119 #* China Evergrande Group 2,598,000 7,225,522 * China Fiber Optic Network System Group, Ltd. 521,599 17,530 China Financial Services Holdings, Ltd. 354,000 31,258 China Foods, Ltd. 396,000 182,303 * China Fordoo Holdings, Ltd. 41,000 30,546 China Galaxy Securities Co., Ltd. Class H 719,000 633,208 China Gas Holdings, Ltd. 388,000 938,519 * China Glass Holdings, Ltd. 262,000 24,130 #* China Grand Pharmaceutical and Healthcare Holdings, Ltd. Class A 172,000 46,488 # China Greenland Broad Greenstate Group Co., Ltd. 356,000 89,420 # China Hanking Holdings, Ltd. 268,000 37,386 #* China Harmony New Energy Auto Holding, Ltd. 326,500 157,298 * China High Precision Automation Group, Ltd. 127,000 3,719 # China High Speed Transmission Equipment Group Co., Ltd. 80,000 86,378 # China Hongqiao Group, Ltd. 529,500 358,444 # China Huishan Dairy Holdings Co., Ltd. 682,000 682 * China Huiyuan Juice Group, Ltd. 368,500 114,563 China International Capital Corp., Ltd. Class H 47,200 75,101 China International Marine Containers Group Co., Ltd. Class H 126,800 265,025 * China ITS Holdings Co., Ltd. 291,000 22,347 China Jinmao Holdings Group, Ltd. 1,866,000 866,159 China Lesso Group Holdings, Ltd. 469,000 330,546 China Life Insurance Co., Ltd. ADR 11,032 175,188 China Life Insurance Co., Ltd. Class H 38,000 120,097 China Lilang, Ltd. 208,000 139,477 China Longyuan Power Group Corp., Ltd. Class H 413,000 302,042 #* China LotSynergy Holdings, Ltd. 1,980,000 37,491 # China Maple Leaf Educational Systems, Ltd. 146,000 116,932 China Medical System Holdings, Ltd. 515,000 878,561 China Mengniu Dairy Co., Ltd. 322,000 626,678 China Merchants Bank Co., Ltd. Class H 450,701 1,479,894 China Merchants Securities Co., Ltd. Class H 13,200 20,842 China Minsheng Banking Corp., Ltd. Class H 672,600 675,969 China Mobile, Ltd. 296,000 3,163,988 China Mobile, Ltd. Sponsored ADR 73,952 3,951,255 # China Molybdenum Co., Ltd. Class H 228,000 123,900 China National Building Material Co., Ltd. Class H 1,370,000 835,742 China National Materials Co., Ltd. Class H 644,000 261,046 * China New Town Development Co., Ltd. 1,093,883 47,611 China NT Pharma Group Co., Ltd. 62,500 13,587 #* China Ocean Resources Co., Ltd. 46,612 31,240 * China Oceanwide Holdings, Ltd. 350,000 30,894 China Oil & Gas Group, Ltd. 2,084,000 143,962 # China Oilfield Services, Ltd. Class H 426,000 362,951 China Overseas Grand Oceans Group, Ltd. 458,250 268,582 China Overseas Land & Investment, Ltd. 842,827 2,855,319 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) # China Overseas Property Holdings, Ltd. 774,275 $ 140,623 China Pacific Insurance Group Co., Ltd. Class H 118,600 522,575 China Packaging Holdings Development, Ltd. 55,000 14,706 China Petroleum & Chemical Corp. ADR 12,059 918,737 China Petroleum & Chemical Corp. Class H 2,703,400 2,049,360 China Pioneer Pharma Holdings, Ltd. 209,000 67,718 China Power Clean Energy Development Co., Ltd. 96,000 59,663 China Power International Development, Ltd. 925,000 317,070 * China Properties Group, Ltd. 173,000 43,573 China Railway Construction Corp., Ltd. Class H 362,000 477,769 China Railway Group, Ltd. Class H 436,000 346,463 China Railway Signal & Communication Corp., Ltd. Class H 373,000 291,471 China Reinsurance Group Corp. Class H 582,000 136,241 China Resources Beer Holdings Co., Ltd. 380,962 961,966 China Resources Cement Holdings, Ltd. 852,610 507,187 # China Resources Gas Group, Ltd. 248,000 939,214 China Resources Land, Ltd. 630,444 2,023,036 # China Resources Phoenix Healthcare Holdings Co., Ltd. 85,500 107,961 China Resources Power Holdings Co., Ltd. 236,678 450,665 #* China Ruifeng Renewable Energy Holdings, Ltd. 300,000 26,470 China Sanjiang Fine Chemicals Co., Ltd. 185,000 58,404 China SCE Property Holdings, Ltd. 664,600 324,960 #* China Shengmu Organic Milk, Ltd. 579,000 106,694 China Shenhua Energy Co., Ltd. Class H 411,616 1,023,862 China Shineway Pharmaceutical Group, Ltd. 92,000 92,026 # China Silver Group, Ltd. 284,000 52,341 # China Singyes Solar Technologies Holdings, Ltd. 249,600 94,787 # China South City Holdings, Ltd. 1,408,000 306,170 China Southern Airlines Co., Ltd. Class H 594,000 452,131 China Southern Airlines Co., Ltd. Sponsored ADR 3,231 123,198 China Starch Holdings, Ltd. 580,000 17,435 China State Construction International Holdings, Ltd. 703,600 1,135,188 China Suntien Green Energy Corp., Ltd. Class H 485,000 102,403 * China Taifeng Beddings Holdings, Ltd. 44,000 1,141 China Taiping Insurance Holdings Co., Ltd. 422,306 1,268,090 China Telecom Corp., Ltd. ADR 3,368 160,889 China Telecom Corp., Ltd. Class H 254,000 120,734 China Tian Lun Gas Holdings, Ltd. 58,500 35,732 China Traditional Chinese Medicine Holdings Co., Ltd. 552,000 292,933 # China Travel International Investment Hong Kong, Ltd. 1,274,000 378,326 * China Unicom Hong Kong, Ltd. 932,000 1,350,767 * China Unicom Hong Kong, Ltd. ADR 88,795 1,294,631 China Vanke Co., Ltd. Class H 261,700 771,081 China Vast Industrial Urban Development Co., Ltd. 45,000 17,901 China Water Affairs Group, Ltd. 310,000 169,023 #* China Water Industry Group, Ltd. 200,000 43,505 * China Yurun Food Group, Ltd. 1,186,000 153,294 China ZhengTong Auto Services Holdings, Ltd. 492,500 485,846 # China Zhongwang Holdings, Ltd. 759,600 377,985 # Chinasoft International, Ltd. 420,000 230,152 * Chinese People Holdings Co., Ltd. 452,587 5,206 Chongqing Machinery & Electric Co., Ltd. Class H 499,925 64,560 Chongqing Rural Commercial Bank Co., Ltd. Class H 1,141,000 840,698 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) * Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd. 49,000 $ 6,393 Chu Kong Shipping Enterprise Group Co., Ltd. 180,000 44,429 CIFI Holdings Group Co., Ltd. 1,150,000 654,379 #* CIMC Enric Holdings, Ltd. 180,000 128,825 * CITIC Dameng Holdings, Ltd. 361,000 21,469 CITIC Resources Holdings, Ltd. 994,000 111,866 CITIC Securities Co., Ltd. Class H 185,500 376,092 CITIC, Ltd. 1,005,000 1,526,977 # Citychamp Watch & Jewellery Group, Ltd. 450,000 97,268 Clear Media, Ltd. 29,000 34,170 CNOOC, Ltd. 862,000 964,806 CNOOC, Ltd. Sponsored ADR 21,163 2,379,779 * Coastal Greenland, Ltd. 123,000 3,647 #* Cogobuy Group 98,000 58,355 # Colour Life Services Group Co., Ltd. 161,000 113,788 Comba Telecom Systems Holdings, Ltd. 607,429 83,237 * Comtec Solar Systems Group, Ltd. 208,000 7,593 Concord New Energy Group, Ltd. 2,600,000 111,346 Consun Pharmaceutical Group, Ltd. 198,000 160,438 #* Coolpad Group, Ltd. 1,779,600 124,572 * COSCO SHIPPING Development Co., Ltd. Class H 681,000 161,122 COSCO SHIPPING Energy Transportation Co., Ltd. Class H 509,752 286,733 * COSCO SHIPPING Holdings Co., Ltd. Class H 452,500 280,638 COSCO SHIPPING Ports, Ltd. 649,428 794,370 * Coslight Technology International Group Co., Ltd. 130,000 58,396 # Cosmo Lady China Holdings Co., Ltd. 275,000 102,695 Country Garden Holdings Co., Ltd. 2,179,786 3,043,306 CP Pokphand Co., Ltd. 3,058,000 285,646 CPMC Holdings, Ltd. 173,000 85,633 CRRC Corp., Ltd. Class H 247,000 220,488 CSPC Pharmaceutical Group, Ltd. 992,000 1,545,859 # CT Environmental Group, Ltd. 1,184,000 211,998 * Ctrip.com International, Ltd. ADR 11,145 665,691 Da Ming International Holdings, Ltd. 42,000 17,624 * DaChan Food Asia, Ltd. 128,000 11,144 Dah Chong Hong Holdings, Ltd. 376,000 193,406 # Dali Foods Group Co., Ltd. 502,000 302,651 # Dalian Port PDA Co., Ltd. Class H 584,200 106,871 * Daphne International Holdings, Ltd. 350,000 31,360 * Datang International Power Generation Co., Ltd. Class H 506,000 172,162 Dawnrays Pharmaceutical Holdings, Ltd. 188,000 113,099 * DBA Telecommunication Asia Holdings, Ltd. 72,000 605 * Differ Group Holding Co., Ltd. 342,000 25,382 #* Digital China Holdings, Ltd. 243,000 159,493 #* Dongfang Electric Corp., Ltd. Class H 147,000 156,175 Dongfeng Motor Group Co., Ltd. Class H 756,000 925,313 Dongjiang Environmental Co., Ltd. Class H 62,600 89,886 Dongyue Group, Ltd. 421,000 196,195 Dynagreen Environmental Protection Group Co., Ltd. Class H 55,000 27,157 #* Dynasty Fine Wines Group, Ltd. 114,000 3,941 * eHi Car Services, Ltd. Sponsored ADR 2,373 22,496 ENN Energy Holdings, Ltd. 98,000 665,306 EVA Precision Industrial Holdings, Ltd. 396,000 56,228 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Everbright Securities Co., Ltd. Class H 23,400 $ 31,729 Fantasia Holdings Group Co., Ltd. 816,000 118,970 Far East Horizon, Ltd. 607,000 517,145 # First Tractor Co., Ltd. Class H 138,000 65,643 # Fosun International, Ltd. 412,892 625,193 * Freetech Road Recycling Technology Holdings, Ltd. 84,000 6,990 Fu Shou Yuan International Group, Ltd. 391,000 240,620 Fufeng Group, Ltd. 470,600 287,567 #* Fuguiniao Co., Ltd. Class H 53,000 4,936 # Fullshare Holdings, Ltd. 992,500 396,401 # Future Land Development Holdings, Ltd. 752,000 312,732 Fuyao Glass Industry Group Co., Ltd. Class H 65,200 221,933 #* GCL-Poly Energy Holdings, Ltd. 5,031,000 534,018 Geely Automobile Holdings, Ltd. 2,045,000 4,722,168 # Genscript Biotech Corp. 70,000 37,414 GF Securities Co., Ltd. Class H 67,000 134,972 * Glorious Property Holdings, Ltd. 1,360,000 153,129 Goldbond Group Holdings, Ltd. 330,000 7,462 # Golden Eagle Retail Group, Ltd. 197,000 254,852 Golden Throat Holdings Group Co., Ltd. 46,000 15,844 Goldlion Holdings, Ltd. 162,000 70,697 Goldpac Group, Ltd. 69,000 22,774 # GOME Electrical Appliances Holding, Ltd. 4,609,060 554,270 #* Grand Baoxin Auto Group, Ltd. 82,881 42,152 # Great Wall Motor Co., Ltd. Class H 645,500 826,735 Greatview Aseptic Packaging Co., Ltd. 449,000 258,553 Greenland Hong Kong Holdings, Ltd. 300,000 111,182 # Greentown China Holdings, Ltd. 325,500 417,949 Guangdong Investment, Ltd. 346,000 486,905 Guangdong Yueyun Transportation Co., Ltd. Class H 91,000 59,399 Guangshen Railway Co., Ltd. Class H 46,000 23,667 Guangshen Railway Co., Ltd. Sponsored ADR 6,099 157,110 Guangzhou Automobile Group Co., Ltd. Class H 36,000 77,361 Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H 28,000 73,790 Guangzhou R&F Properties Co., Ltd. Class H 492,400 879,136 * Guodian Technology & Environment Group Corp., Ltd. Class H 236,000 16,616 Guolian Securities Co., Ltd. Class H 124,000 62,621 * Haichang Ocean Park Holdings, Ltd. 265,000 57,325 Haier Electronics Group Co., Ltd. 191,000 491,821 Haitian International Holdings, Ltd. 239,000 684,673 Haitong Securities Co., Ltd. Class H 247,200 393,698 * Hanergy Thin Film Power Group, Ltd. 710,000 3,561 Harbin Electric Co., Ltd. Class H 326,236 179,377 Harmonicare Medical Holdings, Ltd. 74,000 33,050 #* Health and Happiness H&H International Holdings, Ltd. 95,500 308,364 Hengan International Group Co., Ltd. 171,500 1,307,711 * Hengdeli Holdings, Ltd. 1,021,400 103,210 * Hengshi Mining Investments, Ltd. 59,000 16,305 * Hi Sun Technology China, Ltd. 510,000 93,829 # Hilong Holding, Ltd. 651,000 111,392 Hisense Kelon Electrical Holdings Co., Ltd. Class H 97,000 138,660 HKC Holdings, Ltd. 49,739 38,774 * HNA Holding Group Co., Ltd. 1,383,200 49,564 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- ---------- CHINA -- (Continued) HNA Infrastructure Co., Ltd. Class H 20,000 $ 16,188 * HongDa Financial Holding, Ltd. 600,000 16,965 * Honghua Group, Ltd. 1,304,000 116,795 Honworld Group, Ltd. 29,500 14,987 Hopewell Highway Infrastructure, Ltd. 186,475 114,544 Hopson Development Holdings, Ltd. 310,000 297,459 # HOSA International, Ltd. 102,000 31,588 * Hua Han Health Industry Holdings, Ltd. 1,573,842 20,029 # Huadian Fuxin Energy Corp., Ltd. Class H 552,000 122,127 Huadian Power International Corp., Ltd. Class H 274,000 115,650 Huaneng Power International, Inc. Class H 142,000 100,095 Huaneng Power International, Inc. Sponsored ADR 3,000 85,350 Huaneng Renewables Corp., Ltd. Class H 1,916,000 583,250 Huatai Securities Co., Ltd. Class H 148,200 297,354 Huishang Bank Corp., Ltd. Class H 266,000 129,425 #* Hydoo International Holding, Ltd. 146,000 16,818 #* IMAX China Holding, Inc. 20,600 54,407 Industrial & Commercial Bank of China, Ltd. Class H 10,068,460 7,035,407 Inner Mongolia Yitai Coal Co., Ltd. Class H 21,900 22,362 * JD.com, Inc. ADR 15,441 697,470 # Jiangnan Group, Ltd. 762,000 57,516 Jiangsu Expressway Co., Ltd. Class H 158,000 229,238 Jiangxi Copper Co., Ltd. Class H 355,000 647,117 #* JinkoSolar Holding Co., Ltd. ADR 10,521 290,590 Joy City Property, Ltd. 460,000 67,644 Ju Teng International Holdings, Ltd. 460,000 185,355 # K Wah International Holdings, Ltd. 414,294 248,978 * Kai Yuan Holdings, Ltd. 1,980,000 15,952 #* Kaisa Group Holdings, Ltd. 530,000 202,629 Kangda International Environmental Co., Ltd. 285,000 56,138 * Kasen International Holdings, Ltd. 191,000 31,529 Kingboard Chemical Holdings, Ltd. 310,500 1,397,911 Kingboard Laminates Holdings, Ltd. 395,000 550,485 #* Kingdee International Software Group Co., Ltd. 433,600 180,125 Kingsoft Corp., Ltd. 85,000 223,595 * Ko Yo Chemical Group, Ltd. 688,000 11,642 #* Koradior Holdings, Ltd. 76,000 67,045 #* KuangChi Science, Ltd. 556,000 194,926 Kunlun Energy Co., Ltd. 1,490,000 1,485,347 KWG Property Holding, Ltd. 541,400 401,758 * Labixiaoxin Snacks Group, Ltd. 200,000 18,192 Lai Fung Holdings, Ltd. 1,378,000 42,297 Le Saunda Holdings, Ltd. 138,600 26,447 Lee & Man Chemical Co., Ltd. 48,300 27,434 Lee & Man Paper Manufacturing, Ltd. 626,600 667,298 Lee's Pharmaceutical Holdings, Ltd. 77,000 60,950 Legend Holdings Corp. Class H 63,500 166,065 Lenovo Group, Ltd. 3,360,000 2,078,318 Leoch International Technology, Ltd. 80,000 17,506 #* Leyou Technologies Holdings, Ltd. 1,140,000 278,595 * Li Ning Co., Ltd. 149,500 117,761 #* Lianhua Supermarket Holdings Co., Ltd. Class H 172,400 70,049 #* Lifestyle China Group, Ltd. 183,500 75,083 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) * Lifetech Scientific Corp. 572,000 $ 125,870 Lisi Group Holdings, Ltd. 390,000 30,929 Livzon Pharmaceutical Group, Inc. Class H 21,294 117,135 # Logan Property Holdings Co., Ltd. 390,000 338,002 Longfor Properties Co., Ltd. 575,500 1,444,274 Lonking Holdings, Ltd. 936,000 305,135 Luye Pharma Group, Ltd. 287,500 162,965 # LVGEM China Real Estate Investment Co., Ltd. 48,000 13,148 #* Maanshan Iron & Steel Co., Ltd. Class H 550,000 266,362 Maoye International Holdings, Ltd. 445,000 44,969 Metallurgical Corp. of China, Ltd. Class H 235,000 80,804 * MIE Holdings Corp. 206,000 19,496 * Mingfa Group International Co., Ltd. 589,000 22,623 Minmetals Land, Ltd. 482,000 62,275 Minth Group, Ltd. 244,000 1,123,502 #* MMG, Ltd. 1,160,000 516,020 MOBI Development Co., Ltd. 124,000 18,204 Modern Land China Co., Ltd. 304,000 57,161 #* Munsun Capital Group, Ltd. 3,702,000 42,651 # Nan Hai Corp., Ltd. 5,900,000 200,088 #* National Agricultural Holdings, Ltd. 248,000 28,338 * Nature Home Holding Co., Ltd. 29,000 3,935 NetEase, Inc. ADR 6,808 2,119,194 New China Life Insurance Co., Ltd. Class H 32,700 210,747 * New Oriental Education & Technology Group, Inc. Sponsored ADR 6,728 535,952 * New World Department Store China, Ltd. 223,000 56,740 Nexteer Automotive Group, Ltd. 394,000 678,809 Nine Dragons Paper Holdings, Ltd. 654,000 973,037 #* Noah Holdings, Ltd. ADR 8,637 276,211 #* North Mining Shares Co., Ltd. 6,050,000 108,366 * NQ Mobile, Inc. Class A ADR 14,252 48,742 NVC Lighting Holdings, Ltd. 320,000 35,601 #* O-Net Technologies Group, Ltd. 52,000 33,554 #* Ourgame International Holdings, Ltd. 62,000 15,936 Overseas Chinese Town Asia Holdings, Ltd. 104,000 50,432 #* Ozner Water International Holding, Ltd. 175,000 44,071 # Pacific Online, Ltd. 210,000 39,233 #* Panda Green Energy Group, Ltd. 908,000 120,899 # Parkson Retail Group, Ltd. 605,000 97,452 # PAX Global Technology, Ltd. 417,000 276,522 People's Insurance Co. Group of China, Ltd. (The) Class H 1,181,000 549,596 PetroChina Co., Ltd. ADR 9,000 581,490 PetroChina Co., Ltd. Class H 1,806,000 1,161,907 * Phoenix New Media, Ltd. ADR 3,698 9,948 Phoenix Satellite Television Holdings, Ltd. 256,000 37,989 PICC Property & Casualty Co., Ltd. Class H 980,502 1,824,084 Ping An Insurance Group Co. of China, Ltd. Class H 698,000 5,166,675 Poly Culture Group Corp., Ltd. Class H 17,200 38,527 * Poly Property Group Co., Ltd. 958,000 502,366 # Pou Sheng International Holdings, Ltd. 687,000 136,178 Powerlong Real Estate Holdings, Ltd. 631,000 294,678 * Prosperity International Holdings HK, Ltd. 1,680,000 24,248 * PW Medtech Group, Ltd. 219,000 49,911 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) # Q Technology Group Co., Ltd. 138,000 $ 148,617 Qingdao Port International Co., Ltd. Class H 183,000 103,550 * Qinhuangdao Port Co., Ltd. Class H 206,000 65,323 * Qinqin Foodstuffs Group Cayman Co., Ltd. 8,400 2,461 * Qunxing Paper Holdings Co., Ltd. 147,174 7,122 * Real Gold Mining, Ltd. 19,000 640 Red Star Macalline Group Corp., Ltd. Class H 62,000 64,358 #* Redco Properties Group, Ltd. 304,000 116,358 #* Renhe Commercial Holdings Co., Ltd. 7,156,000 158,407 * REXLot Holdings, Ltd. 3,354,266 42,487 Road King Infrastructure, Ltd. 96,000 126,281 #* Ronshine China Holdings, Ltd. 77,500 84,977 #* Sany Heavy Equipment International Holdings Co., Ltd. 315,000 60,037 Seaspan Corp. 18,858 126,349 #* Semiconductor Manufacturing International Corp. 1,241,600 1,361,026 * Semiconductor Manufacturing International Corp. ADR 18,227 100,795 Shandong Chenming Paper Holdings, Ltd. Class H 136,500 209,129 Shandong Weigao Group Medical Polymer Co., Ltd. Class H 516,000 415,822 Shandong Xinhua Pharmaceutical Co., Ltd. Class H 42,000 38,020 # Shanghai Dasheng Agricultural Finance Technology Co., Ltd. Class H 584,000 53,035 #* Shanghai Electric Group Co., Ltd. Class H 712,000 330,617 Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H 27,000 98,822 * Shanghai Fudan Microelectronics Group Co., Ltd. Class H 46,000 30,944 Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. Class H 98,000 54,248 Shanghai Haohai Biological Technology Co., Ltd. Class H 4,000 21,153 Shanghai Industrial Holdings, Ltd. 221,000 638,655 # Shanghai Industrial Urban Development Group, Ltd. 894,000 217,255 # Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H 622,000 178,202 Shanghai Pharmaceuticals Holding Co., Ltd. Class H 153,200 405,662 Shanghai Prime Machinery Co., Ltd. Class H 322,000 68,766 * Shanghai Zendai Property, Ltd. 1,505,000 23,894 Shengjing Bank Co., Ltd. Class H 19,500 17,358 * Shengli Oil & Gas Pipe Holdings, Ltd. 262,500 11,421 Shenguan Holdings Group, Ltd. 446,000 26,514 Shenzhen Expressway Co., Ltd. Class H 210,000 187,519 Shenzhen International Holdings, Ltd. 418,288 716,015 Shenzhen Investment, Ltd. 1,537,451 705,742 Shenzhou International Group Holdings, Ltd. 102,000 681,375 Shimao Property Holdings, Ltd. 605,000 1,205,184 * Shougang Concord International Enterprises Co., Ltd. 1,446,000 50,844 Shougang Fushan Resources Group, Ltd. 1,224,000 283,411 Shui On Land, Ltd. 1,854,656 462,739 #* Shunfeng International Clean Energy, Ltd. 532,000 28,897 Sichuan Expressway Co., Ltd. Class H 204,000 84,290 Sihuan Pharmaceutical Holdings Group, Ltd. 1,612,000 678,326 SIM Technology Group, Ltd. 400,000 22,254 Sino Biopharmaceutical, Ltd. 1,040,998 919,026 #* Sino Oil And Gas Holdings, Ltd. 4,585,000 101,517 Sino-Ocean Group Holdings, Ltd. 1,402,332 783,613 #* Sinofert Holdings, Ltd. 1,194,000 164,842 Sinopec Engineering Group Co., Ltd. Class H 361,500 324,398 Sinopec Kantons Holdings, Ltd. 442,000 266,902 #* Sinopec Oilfield Service Corp. Class H 192,000 29,661 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Sinopec Shanghai Petrochemical Co., Ltd. Class H 664,000 $ 377,328 Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR 4,550 260,624 Sinopharm Group Co., Ltd. Class H 116,000 485,515 # Sinosoft Technology Group, Ltd. 341,000 102,349 Sinotrans, Ltd. Class H 804,000 408,280 Sinotruk Hong Kong, Ltd. 300,000 314,566 * Skyfame Realty Holdings, Ltd. 180,000 27,663 Skyworth Digital Holdings, Ltd. 896,196 480,159 # SMI Holdings Group, Ltd. 342,400 179,811 SOHO China, Ltd. 994,500 541,770 * Sohu.com, Inc. 5,447 309,553 * Sound Global, Ltd. 72,000 27,654 #* Sparkle Roll Group, Ltd. 312,000 23,153 Springland International Holdings, Ltd. 378,000 73,100 #* SPT Energy Group, Inc. 416,000 27,634 * SRE Group, Ltd. 2,440,285 56,799 SSY Group, Ltd. 1,033,042 455,947 Sun Art Retail Group, Ltd. 558,000 454,380 Sun King Power Electronics Group 92,000 21,164 # Sunac China Holdings, Ltd. 791,000 2,104,222 * Suncity Group Holdings, Ltd. 130,000 8,988 Sunny Optical Technology Group Co., Ltd. 109,000 1,295,350 * Superb Summit International Group, Ltd. 825,000 28,920 Symphony Holdings, Ltd. 710,000 62,670 TAL Education Group ADR 2,177 341,288 Tarena International, Inc. ADR 6,628 127,920 TCC International Holdings, Ltd. 717,000 327,582 #* TCL Multimedia Technology Holdings, Ltd. 207,000 101,995 * Tech Pro Technology Development, Ltd. 2,780,000 29,176 #* Technovator International, Ltd. 204,000 63,102 Tencent Holdings, Ltd. 150,500 6,007,051 # Tenwow International Holdings, Ltd. 188,000 35,343 Texhong Textile Group, Ltd. 138,000 148,320 * Tian An China Investment Co., Ltd. 84,000 56,971 Tian Shan Development Holdings, Ltd. 66,000 26,783 Tiangong International Co., Ltd. 1,068,000 112,008 # Tianjin Capital Environmental Protection Group Co., Ltd. Class H 74,000 47,483 Tianjin Port Development Holdings, Ltd. 908,000 150,993 Tianneng Power International, Ltd. 368,000 291,819 Tianyi Summi Holdings, Ltd. 136,000 19,323 #* Tibet Water Resources, Ltd. 295,000 118,507 Tingyi Cayman Islands Holding Corp. 462,000 588,262 Tomson Group, Ltd. 123,750 63,644 # Tong Ren Tang Technologies Co., Ltd. Class H 223,000 323,228 # Tongda Group Holdings, Ltd. 1,620,000 469,930 Tonly Electronics Holdings, Ltd. 31,200 32,565 Top Spring International Holdings, Ltd. 107,600 34,271 * Tou Rong Chang Fu Group, Ltd. 856,000 15,440 # Towngas China Co., Ltd. 313,593 221,081 TPV Technology, Ltd. 422,000 97,611 Travelsky Technology, Ltd. Class H 165,471 438,146 Trigiant Group, Ltd. 360,000 51,547 # Truly International Holdings, Ltd. 608,000 203,697 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- CHINA -- (Continued) Tsingtao Brewery Co., Ltd. Class H 36,000 $ 154,236 # Uni-President China Holdings, Ltd. 549,400 426,655 * United Energy Group, Ltd. 1,986,000 72,396 # Universal Medical Financial & Technical Advisory Services Co., Ltd. 167,500 133,264 #* V1 Group, Ltd. 753,800 26,060 Vinda International Holdings, Ltd. 31,000 58,459 * Vipshop Holdings, Ltd. ADR 51,552 634,090 Want Want China Holdings, Ltd. 1,336,000 902,255 # Wasion Group Holdings, Ltd. 250,000 110,633 # Weichai Power Co., Ltd. Class H 831,880 800,649 Welling Holding, Ltd. 394,400 85,669 * West China Cement, Ltd. 1,322,000 189,455 * Wuzhou International Holdings, Ltd. 466,000 39,356 Xiabuxiabu Catering Management China Holdings Co., Ltd. 100,000 100,151 Xiamen International Port Co., Ltd. Class H 394,000 77,101 * Xinchen China Power Holdings, Ltd. 156,000 23,929 Xingda International Holdings, Ltd. 437,258 189,183 Xinhua Winshare Publishing and Media Co., Ltd. Class H 155,000 128,890 # Xinjiang Goldwind Science & Technology Co., Ltd. Class H 155,480 176,756 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H 228,000 31,758 # Xinyi Solar Holdings, Ltd. 1,278,000 402,200 XTEP International Holdings, Ltd. 314,500 117,086 * Yanchang Petroleum International, Ltd. 1,360,000 32,000 # Yangtze Optical Fibre and Cable Joint Stock, Ltd. Co. Class H 57,000 123,815 Yanlord Land Group, Ltd. 71,000 94,816 Yanzhou Coal Mining Co., Ltd. Class H 276,000 271,496 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR 9,327 91,125 #* Yashili International Holdings, Ltd. 282,000 50,857 YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H 16,000 39,288 Yida China Holdings, Ltd. 110,000 30,909 Yip's Chemical Holdings, Ltd. 96,000 39,923 * Yirendai, Ltd. ADR 5,880 224,969 * Youyuan International Holdings, Ltd. 155,510 59,722 * Yuanda China Holdings, Ltd. 1,038,000 19,486 #* YuanShengTai Dairy Farm, Ltd. 177,000 9,057 Yuexiu Property Co., Ltd. 3,513,720 660,543 # Yuexiu Transport Infrastructure, Ltd. 172,639 128,996 Yunnan Water Investment Co., Ltd. Class H 92,000 40,721 Yuzhou Properties Co., Ltd. 641,000 380,585 * YY, Inc. ADR 18,496 1,322,464 # Zhaojin Mining Industry Co., Ltd. Class H 233,500 191,956 Zhejiang Expressway Co., Ltd. Class H 192,000 239,526 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H 38,400 23,617 * Zhong An Real Estate, Ltd. 146,000 47,673 Zhongsheng Group Holdings, Ltd. 307,500 672,956 Zhuhai Holdings Investment Group, Ltd. 196,000 28,568 Zhuzhou CRRC Times Electric Co., Ltd. Class H 96,500 459,094 Zijin Mining Group Co., Ltd. Class H 1,405,000 509,490 Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H 529,600 269,546 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ CHINA -- (Continued) * ZTE Corp. Class H 44,404 $ 114,030 ------------ TOTAL CHINA 208,281,471 ------------ COLOMBIA -- (0.1%) Almacenes Exito SA 64,116 327,222 Banco de Bogota SA 2,339 53,342 Bancolombia SA 25,569 262,015 Bancolombia SA Sponsored ADR 9,801 428,696 Celsia SA ESP 67,414 107,009 Cementos Argos SA 14,282 56,915 * Cemex Latam Holdings SA 23,258 84,896 Corp. Financiera Colombiana SA 10,156 98,358 Ecopetrol SA 356,765 166,666 # Ecopetrol SA Sponsored ADR 10,314 96,333 * Empresa de Telecomunicaciones de Bogota 40,000 7,836 Grupo Argos SA 19,912 143,232 Grupo Aval Acciones y Valores SA 2,187 19,355 Grupo de Inversiones Suramericana SA 19,783 278,380 Grupo Nutresa SA 13,782 123,229 Interconexion Electrica SA ESP 55,258 253,146 ------------ TOTAL COLOMBIA 2,506,630 ------------ CZECH REPUBLIC -- (0.0%) CEZ A.S. 23,747 430,834 Komercni banka A.S. 1,590 68,501 O2 Czech Republic A.S. 6,416 82,063 Pegas Nonwovens SA 2,000 92,122 Philip Morris CR A.S. 100 68,967 Unipetrol A.S. 11,278 150,636 ------------ TOTAL CZECH REPUBLIC 893,123 ------------ DENMARK -- (1.3%) ALK-Abello A.S. 1,443 227,437 Alm Brand A.S. 40,110 402,094 Ambu A.S. Class B 9,134 594,758 AP Moller - Maersk A.S. Class A 285 595,230 AP Moller - Maersk A.S. Class B 571 1,246,401 * Bang & Olufsen A.S. 17,058 298,468 BankNordik P/F 590 11,926 * Bavarian Nordic A.S. 6,853 448,602 Brodrene Hartmann A.S. 571 34,977 Carlsberg A.S. Class B 16,320 1,813,137 Chr Hansen Holding A.S. 24,228 1,951,113 Coloplast A.S. Class B 4,082 350,679 Columbus A.S. 20,487 44,302 * D/S Norden A.S. 14,643 290,490 Danske Bank A.S. 43,158 1,747,799 DFDS A.S. 11,264 642,439 DSV A.S. 53,241 3,437,542 FLSmidth & Co. A.S. 19,471 1,191,710 * Genmab A.S. 4,619 1,049,721 GN Store Nord A.S. 51,455 1,565,063 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- DENMARK -- (Continued) H Lundbeck A.S. 14,534 $ 871,484 * H+H International A.S. Class B 4,996 85,424 IC Group A.S. 2,723 62,241 ISS A.S. 29,207 1,197,336 * Jeudan A.S. 397 44,377 Jyske Bank A.S. 30,592 1,917,395 Matas A.S. 16,327 251,966 * NKT A.S. 10,386 912,353 NNIT A.S. 1,676 53,611 Nordjyske Bank A.S. 2,948 56,337 Novo Nordisk A.S. Class B 61,513 2,616,112 Novo Nordisk A.S. Sponsored ADR 20,820 882,768 Novozymes A.S. Class B 23,159 1,069,377 Pandora A.S. 18,262 2,101,748 Parken Sport & Entertainment A.S. 1,975 27,251 Per Aarsleff Holding A.S. 7,330 182,835 Ringkjoebing Landbobank A.S. 7,820 411,707 Rockwool International A.S. Class A 69 14,872 Rockwool International A.S. Class B 3,041 692,064 Royal Unibrew A.S. 13,435 669,422 RTX A.S. 3,831 98,847 * Santa Fe Group A.S. 5,671 51,389 Schouw & Co. AB 6,043 663,571 SimCorp A.S. 12,063 754,276 Solar A.S. Class B 2,756 164,129 Spar Nord Bank A.S. 34,316 461,199 Sydbank A.S. 26,240 1,093,056 TDC A.S. 292,320 1,803,776 Tivoli A.S. 80 7,718 * TK Development A.S. 18,995 32,330 * Topdanmark A.S. 25,711 878,512 Tryg A.S. 30,060 677,321 Vestas Wind Systems A.S. 26,331 2,573,378 * Vestjysk Bank A.S. 5,218 10,196 * William Demant Holding A.S. 32,505 863,624 * Zealand Pharma A.S. 3,026 60,224 ----------- TOTAL DENMARK 42,258,114 ----------- EGYPT -- (0.0%) Commercial International Bank Egypt S.A.E. GDR 30,188 139,531 ----------- FINLAND -- (1.3%) Ahlstrom-Munksjo Oyj 11,028 227,472 Aktia Bank Oyj 1,892 20,602 Alma Media Oyj 8,042 61,675 Amer Sports Oyj 44,342 1,191,076 Asiakastieto Group Oyj 518 13,430 Aspo Oyj 6,086 64,969 Atria Oyj 5,267 70,448 * BasWare Oyj 1,070 50,934 Bittium Oyj 11,048 97,347 Cargotec Oyj Class B 15,973 975,193 * Caverion Corp. 19,094 159,743 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FINLAND -- (Continued) Citycon Oyj 103,166 $ 280,753 Cramo Oyj 15,260 437,777 Elisa Oyj 32,593 1,341,752 F-Secure Oyj 21,049 95,631 Finnair Oyj 23,412 253,305 Fiskars Oyj Abp 10,974 275,679 Fortum Oyj 60,272 985,575 HKScan Oyj Class A 9,570 34,200 Huhtamaki Oyj 52,104 2,019,070 Kemira Oyj 42,249 532,536 Kesko Oyj Class A 6,764 343,132 Kesko Oyj Class B 26,056 1,317,497 Kone Oyj Class B 22,183 1,155,453 Konecranes Oyj 15,933 710,866 Lassila & Tikanoja Oyj 14,237 324,456 Lemminkainen Oyj 971 29,107 Metsa Board Oyj 80,239 567,582 Metso Oyj 40,396 1,285,148 Neste Oyj 50,918 2,207,500 Nokia Oyj(5902941) 391,213 2,496,402 Nokia Oyj(5946455) 150,663 963,132 Nokian Renkaat Oyj 47,536 1,938,247 Olvi Oyj Class A 4,809 169,105 Oriola Oyj Class B 57,347 245,972 Orion Oyj Class A 4,886 247,788 Orion Oyj Class B 21,344 1,078,742 Outokumpu Oyj 111,910 940,396 * Outotec Oyj 62,886 410,186 Ponsse Oy 2,350 68,182 * Poyry Oyj 5,709 32,674 Raisio Oyj Class V 50,845 212,948 Ramirent Oyj 34,646 345,350 Revenio Group Oyj 1,411 61,749 Sampo Oyj Class A 34,348 1,878,546 Sanoma Oyj 46,713 433,901 SRV Group OYJ 3,551 18,951 * Stockmann Oyj Abp Class B 14,423 124,874 Stora Enso Oyj Class R 228,200 3,050,995 Stora Enso Oyj Sponsored ADR 1,800 24,066 * Talvivaara Mining Co. P.L.C. 136,822 923 Technopolis Oyj 49,353 213,837 Tieto Oyj 30,620 971,390 Tikkurila Oyj 13,116 279,734 UPM-Kymmene Oyj 210,965 5,743,120 Uponor Oyj 17,236 278,303 Vaisala Oyj Class A 1,846 88,780 Valmet Oyj 48,643 886,688 Wartsila Oyj Abp 22,437 1,491,122 YIT Oyj 48,840 414,754 ----------- TOTAL FINLAND 42,240,765 ----------- FRANCE -- (5.5%) Accor SA 20,144 935,763 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Actia Group 5,948 $ 62,417 Aeroports de Paris 2,219 375,532 * Air France-KLM 65,623 888,534 Air Liquide SA 13,902 1,704,575 Airbus SE 24,049 2,009,452 Akka Technologies 2,830 154,576 Albioma SA 9,048 212,605 Alstom SA 27,596 988,658 Alten SA 11,000 949,663 Altran Technologies SA 52,729 927,155 * Amplitude Surgical SAS 2,916 16,623 Amundi SA 7,632 590,275 * Antalis International SAS 2,208 5,019 April SA 3,147 48,428 * Archos 2,165 1,742 Arkema SA 27,471 3,127,172 Assystem 4,421 169,579 Atos SE 21,926 3,333,532 Aubay 3,014 109,543 AXA SA 132,093 3,901,165 AXA SA Sponsored ADR 5,414 159,551 Axway Software SA 1,277 36,676 Bastide le Confort Medical 323 15,099 Beneteau SA 11,172 191,797 * Bigben Interactive 3,141 36,035 BioMerieux 4,402 969,996 BNP Paribas SA 91,698 7,106,197 Boiron SA 2,636 246,935 Bollore SA 162,816 755,406 Bonduelle SCA 6,113 234,890 Bourbon Corp. 5,772 53,798 Bouygues SA 49,677 2,129,857 Bureau Veritas SA 39,356 896,712 Burelle SA 45 63,686 Capgemini SE 18,385 2,001,565 Carrefour SA 123,159 2,958,297 Casino Guichard Perrachon SA 21,271 1,297,343 Catering International Services 977 22,553 * Cegedim SA 878 33,509 #* CGG SA 6,745 29,788 * CGG SA Sponsored ADR 750 3,562 Chargeurs SA 14,014 406,412 Christian Dior SE 3,321 945,667 Cie de Saint-Gobain 82,244 4,563,448 Cie des Alpes 2,558 83,573 Cie Generale des Etablissements Michelin 36,347 4,922,695 Cie Plastic Omnium SA 26,091 1,004,041 CNP Assurances 42,661 1,029,908 * Coface SA 15,786 149,268 Credit Agricole SA 83,258 1,461,373 Danone SA 26,333 1,964,973 Danone SA Sponsored ADR 600 8,946 Dassault Aviation SA 74 111,103 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) Dassault Systemes SE 4,649 $ 456,056 Dassault Systemes SE Sponsored ADR 1,228 120,221 Derichebourg SA 59,500 521,273 Devoteam SA 2,730 247,745 Edenred 48,193 1,266,889 Eiffage SA 18,238 1,766,636 Electricite de France SA 86,658 879,633 Elior Group 36,888 979,117 # Elis SA 9,197 222,371 Engie SA 246,993 3,978,119 * Eramet 2,574 162,489 Essilor International SA 13,237 1,675,892 * Esso SA Francaise 1,078 72,477 Euler Hermes Group 3,789 452,973 Eurofins Scientific SE 1,562 870,111 Euronext NV 14,921 871,977 Europcar Groupe SA 4,881 71,068 Eutelsat Communications SA 63,026 1,705,749 Exel Industries Class A 289 34,543 Faurecia 28,812 1,599,875 Fleury Michon SA 371 22,267 * Fnac Darty SA 4,748 449,982 * Fnac Darty SA 3,486 329,716 Gaztransport Et Technigaz SA 5,154 245,657 GL Events 3,961 117,526 Groupe Crit 1,327 127,148 Groupe Eurotunnel SE 112,299 1,245,238 * Groupe Gorge 566 14,071 Groupe Open 1,810 54,005 Guerbet 3,055 274,935 Haulotte Group SA 4,516 79,499 Havas SA 34,710 380,164 Hermes International 651 329,741 * HiPay Group SA 2,042 39,250 * ID Logistics Group 203 32,791 Iliad SA 1,465 363,429 Imerys SA 8,610 746,353 Ingenico Group SA 22,258 2,334,759 Interparfums SA 2,608 103,640 Ipsen SA 5,548 710,114 IPSOS 13,770 475,548 Jacquet Metal Service 5,045 140,991 JCDecaux SA 11,153 397,179 Kering 2,600 908,755 Korian SA 14,489 479,064 L'Oreal SA 6,685 1,385,000 Lagardere SCA 45,859 1,506,726 Laurent-Perrier 664 60,136 Le Belier 596 32,142 Le Noble Age 3,110 184,111 Lectra 2,982 85,763 Legrand SA 16,635 1,149,106 Linedata Services 1,886 109,865 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- FRANCE -- (Continued) LISI 7,469 $ 360,081 LVMH Moet Hennessy Louis Vuitton SE 11,021 2,768,349 Maisons France Confort SA 535 39,244 Manitou BF SA 2,706 94,896 Manutan International 734 75,477 Mersen SA 6,632 245,039 * METabolic EXplorer SA 4,118 11,405 Metropole Television SA 12,239 296,126 MGI Coutier 5,853 235,422 Natixis SA 120,922 878,685 #* Naturex 1,883 191,122 Neopost SA 15,900 729,097 Nexans SA 10,643 609,677 Nexity SA 13,224 709,281 * Nicox 4,348 63,344 * NRJ Group 4,409 58,357 Oeneo SA 8,133 90,664 #* Onxeo SA 10,246 49,016 Orange SA 278,939 4,693,671 Orange SA Sponsored ADR 26,020 438,437 Orpea 8,141 933,554 #* Parrot SA 4,812 57,140 PCAS 152 3,250 Pernod Ricard SA 8,107 1,124,798 Peugeot SA 138,315 2,975,256 * Pierre & Vacances SA 2,468 137,944 Plastivaloire 6,808 175,095 Publicis Groupe SA 12,899 975,376 Publicis Groupe SA ADR 1,600 30,304 Rallye SA 13,551 287,988 Remy Cointreau SA 2,082 239,495 Renault SA 32,125 2,894,202 Rexel SA 120,726 1,911,751 Robertet SA 40 19,178 Rothschild & Co. 473 17,592 Rubis SCA 19,060 1,213,208 Safran SA 13,595 1,286,232 Sanofi 47,351 4,512,030 Sanofi ADR 39,660 1,878,298 Sartorius Stedim Biotech 4,674 333,033 Savencia SA 1,441 143,320 Schneider Electric SE(4834108) 24,020 1,885,166 Schneider Electric SE(B11BPS1) 1,444 113,622 SCOR SE 48,074 2,027,562 SEB SA 6,883 1,224,515 Seche Environnement SA 824 32,189 #* Sequana SA 11,045 12,269 SES SA 68,674 1,615,499 * SFR Group SA 7,302 271,798 Societe BIC SA 3,399 398,689 Societe Generale SA 65,980 3,868,718 * Societe Internationale de Plantations d'Heveas SA 245 24,466 Sodexo SA 4,695 554,619 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ FRANCE -- (Continued) * Solocal Group 127,701 $ 128,536 Somfy SA 1,800 170,571 Sopra Steria Group 5,750 994,290 SPIE SA 13,003 365,481 * Stallergenes Greer P.L.C. 732 31,111 * Ste Industrielle d'Aviation Latecoere SA 29,200 150,294 Stef SA 1,697 188,618 STMicroelectronics NV(5962332) 197,904 3,352,926 STMicroelectronics NV(2430025) 37,473 631,420 Suez 41,779 755,416 Sword Group 1,588 65,219 Synergie SA 6,848 324,479 Tarkett SA 12,196 504,936 Technicolor SA 62,116 225,817 Teleperformance 19,032 2,651,778 Television Francaise 1 46,092 674,403 Tessi SA 141 25,836 TFF Group 87 15,680 Thales SA 10,191 1,128,224 Thermador Groupe 224 24,663 Total Gabon 81 12,781 Total SA 219,419 11,158,262 Total SA Sponsored ADR 5,467 277,022 * Touax SA 25 369 Trigano SA 3,155 414,890 * Ubisoft Entertainment SA 39,703 2,512,227 Union Financiere de France BQE SA 370 12,647 Valeo SA 38,034 2,633,419 #* Vallourec SA 143,592 849,433 #* Valneva SE 14,422 50,200 Veolia Environnement SA 39,060 880,285 Veolia Environnement SA ADR 13,366 300,334 Vetoquinol SA 532 33,063 Vicat SA 6,876 502,325 VIEL & Cie SA 13,569 93,692 Vilmorin & Cie SA 1,915 168,859 Vinci SA 37,019 3,314,917 * Virbac SA 896 159,922 Vivendi SA 126,174 2,916,369 Vranken-Pommery Monopole SA 106 3,053 * Worldline SA 10,140 412,103 Zodiac Aerospace 32,659 933,971 ------------ TOTAL FRANCE 175,141,939 ------------ GERMANY -- (5.4%) Aareal Bank AG 34,412 1,435,273 Adidas AG 14,103 3,221,043 * Adler Modemaerkte AG 2,793 19,364 * ADVA Optical Networking SE 17,734 135,062 * AIXTRON SE 30,814 274,207 All for One Steeb AG 188 14,440 Allgeier SE 1,637 43,855 Allianz SE 28,581 6,092,269 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) Allianz SE Sponsored ADR 36,967 $ 789,245 Amadeus Fire AG 1,557 143,816 Aurubis AG 13,257 1,180,177 Axel Springer SE 15,886 1,008,744 BASF SE 97,349 9,267,618 Basler AG 212 40,045 Bauer AG 4,794 132,939 Bayer AG 28,140 3,564,245 Bayer AG Sponsored ADR 200 25,309 Bayerische Motoren Werke AG 57,820 5,312,468 BayWa AG 6,350 234,984 Bechtle AG 6,010 432,606 Beiersdorf AG 3,758 412,399 Bertrandt AG 2,047 194,947 Bijou Brigitte AG 921 63,767 Bilfinger SE 14,926 609,888 * Biotest AG 2,019 65,728 Borussia Dortmund GmbH & Co. KGaA 33,687 238,236 Brenntag AG 28,116 1,593,254 CANCOM SE 3,759 247,210 Carl Zeiss Meditec AG 7,097 379,998 CENIT AG 4,236 117,780 CENTROTEC Sustainable AG 4,859 107,537 Cewe Stiftung & Co. KGAA 2,229 197,243 Comdirect Bank AG 15,556 196,201 * Commerzbank AG 221,782 2,900,981 CompuGroup Medical SE 6,973 415,405 * Constantin Medien AG 4,831 10,628 Continental AG 13,749 3,097,203 Covestro AG 16,902 1,310,721 CropEnergies AG 8,062 86,697 CTS Eventim AG & Co. KGaA 10,939 507,027 Daimler AG 140,117 9,817,265 Data Modul AG 121 12,528 Delticom AG 285 5,222 Deutsche Bank AG 198,308 3,537,815 Deutsche Boerse AG 9,564 998,646 Deutsche Lufthansa AG 114,800 2,465,332 Deutsche Pfandbriefbank AG 8,107 106,818 Deutsche Post AG 38,018 1,474,815 Deutsche Telekom AG 434,904 7,945,144 Deutsche Telekom AG Sponsored ADR 104,159 1,900,902 Deutsche Wohnen AG 38,655 1,531,826 Deutz AG 40,350 299,551 * Dialog Semiconductor P.L.C. 24,337 1,060,536 DIC Asset AG 11,813 127,393 Diebold Nixdorf AG 543 46,220 DMG Mori AG 8,996 531,275 Dr Hoenle AG 518 21,870 Draegerwerk AG & Co. KGaA 972 79,083 Drillisch AG 9,662 646,333 Duerr AG 9,357 1,140,027 E.ON SE 507,298 5,018,570 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) Eckert & Ziegler AG 1,463 $ 61,936 EDAG Engineering Group AG 648 10,287 Elmos Semiconductor AG 5,277 128,642 ElringKlinger AG 14,246 248,510 * Euromicron AG 1,356 13,734 Evonik Industries AG 17,928 610,584 * Evotec AG 7,781 112,123 Fielmann AG 4,855 389,926 * First Sensor AG 945 15,516 Francotyp-Postalia Holding AG Class A 3,372 22,306 Fraport AG Frankfurt Airport Services Worldwide 12,475 1,249,234 Freenet AG 32,223 1,087,682 Fresenius Medical Care AG & Co. KGaA 26,309 2,480,950 Fresenius SE & Co. KGaA 58,466 4,934,806 Fuchs Petrolub SE 4,941 259,909 GEA Group AG 27,160 1,103,814 Gerresheimer AG 14,616 1,206,231 Gerry Weber International AG 10,815 137,990 Gesco AG 1,734 54,967 GFT Technologies SE 4,170 77,515 Grammer AG 7,527 427,658 GRENKE AG 3,882 335,334 * H&R GmbH & Co. KGaA 6,432 87,527 Hamburger Hafen und Logistik AG 11,409 319,083 Hannover Rueck SE 5,666 715,155 HeidelbergCement AG 17,690 1,751,698 * Heidelberger Druckmaschinen AG 109,671 373,431 Hella KGaA Hueck & Co. 15,435 816,164 Henkel AG & Co. KGaA 3,035 381,831 * Highlight Communications AG 2,399 14,322 Hochtief AG 2,930 522,986 * HolidayCheck Group AG 13,410 47,671 Hornbach Baumarkt AG 2,808 104,383 Hugo Boss AG 16,761 1,264,253 Indus Holding AG 6,439 481,931 Infineon Technologies AG 36,163 785,325 Infineon Technologies AG ADR 36,257 788,227 Innogy SE 7,316 307,271 Isra Vision AG 823 150,713 Jenoptik AG 15,465 426,092 # K+S AG 74,617 1,940,278 KION Group AG 22,236 1,929,490 Kloeckner & Co. SE 38,611 426,896 Koenig & Bauer AG 7,138 559,179 * Kontron AG 22,380 92,166 Krones AG 4,409 548,562 KSB AG 38 21,496 KWS Saat SE 722 293,293 Lanxess AG 38,760 2,988,934 LEG Immobilien AG 13,542 1,302,136 Leifheit AG 3,148 124,672 Leoni AG 15,898 940,342 Linde AG 15,298 2,918,257 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) * LPKF Laser & Electronics AG 3,068 $ 33,410 MAN SE 2,854 316,051 * Manz AG 1,394 55,312 * Medigene AG 4,730 57,550 Merck KGaA 6,784 744,419 Metro AG 62,485 702,168 * Metro Wholesale & Food Specialist AG 62,485 1,262,294 MLP AG 20,134 147,481 MTU Aero Engines AG 18,748 2,747,590 Muenchener Rueckversicherungs-Gesellschaft AG 10,668 2,291,480 Nemetschek SE 4,409 342,138 Nexus AG 982 30,215 * Nordex SE 13,855 189,179 Norma Group SE 15,495 939,671 OHB SE 2,506 89,807 OSRAM Licht AG 23,763 1,980,281 paragon AG 720 52,293 * Patrizia Immobilien AG 20,385 368,244 Pfeiffer Vacuum Technology AG 2,070 351,033 PNE Wind AG 28,442 89,095 Progress-Werk Oberkirch AG 408 20,768 ProSiebenSat.1 Media SE 30,656 1,224,831 Puma SE 1,031 413,323 * PVA TePla AG 1,103 3,911 QIAGEN NV 29,149 966,851 QSC AG 50,103 110,135 R Stahl AG 845 32,005 Rational AG 800 502,350 Rheinmetall AG 16,637 1,660,206 RHOEN-KLINIKUM AG 10,845 341,283 RIB Software SE 7,397 132,146 RTL Group SA 4,196 326,432 * RWE AG 206,559 4,352,316 S&T AG 4,494 78,558 SAF-Holland SA 19,185 338,985 Salzgitter AG 15,717 705,138 SAP SE 11,432 1,210,479 SAP SE Sponsored ADR 9,200 973,820 * Schaltbau Holding AG 1,808 79,242 Scout24 AG 409 15,582 Secunet Security Networks AG 227 26,879 SHW AG 2,328 98,046 Siemens AG 24,581 3,335,681 * Siltronic AG 2,072 225,313 Sixt Leasing SE 445 10,542 Sixt SE 6,331 447,523 SMA Solar Technology AG 4,385 159,026 * SMT Scharf AG 1,160 16,269 Software AG 15,798 690,737 Stabilus SA 2,464 204,890 # Stada Arzneimittel AG 24,978 1,944,772 Stroeer SE & Co. KGaA 6,455 416,157 Suedzucker AG 33,285 710,415 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ GERMANY -- (Continued) * Suess MicroTec AG 10,380 $ 150,036 Surteco SE 2,923 86,244 Symrise AG 11,992 839,629 TAG Immobilien AG 33,186 544,545 Takkt AG 13,736 337,284 * Talanx AG 16,922 697,815 Technotrans AG 448 22,040 Telefonica Deutschland Holding AG 97,130 501,750 ThyssenKrupp AG 12,716 377,683 TLG Immobilien AG 16,730 362,851 * Tom Tailor Holding SE 13,156 110,342 Traffic Systems SE 1,003 19,402 Uniper SE 75,822 1,562,614 United Internet AG 16,617 1,011,643 VERBIO Vereinigte BioEnergie AG 11,970 136,152 Volkswagen AG 5,640 886,866 Vonovia SE 21,309 863,547 * Vossloh AG 3,269 217,424 VTG AG 5,010 251,169 Wacker Chemie AG 7,249 899,631 Wacker Neuson SE 11,432 306,898 Washtec AG 2,193 175,971 Wirecard AG 4,310 329,838 Wuestenrot & Wuerttembergische AG 4,939 127,553 XING AG 656 192,783 * Zalando SE 3,060 136,957 Zeal Network SE 4,420 121,830 ------------ TOTAL GERMANY 169,115,967 ------------ GREECE -- (0.1%) Aegean Airlines SA 4,941 48,340 * Alpha Bank AE 2,364 5,667 Athens Water Supply & Sewage Co. SA (The) 6,973 51,065 Bank of Greece 2,794 44,798 * Ellaktor SA 21,206 41,330 * FF Group 3,954 94,731 Fourlis Holdings SA 8,683 59,548 * GEK Terna Holding Real Estate Construction SA 10,261 45,916 Hellenic Exchanges - Athens Stock Exchange SA 18,545 116,769 Hellenic Petroleum SA 16,443 152,035 Hellenic Telecommunications Organization SA 24,316 310,075 * HOLDING Co. ADMIE IPTO SA 13,423 32,416 * Intralot SA-Integrated Lottery Systems & Services 32,611 45,503 JUMBO SA 22,397 375,066 * Marfin Investment Group Holdings SA 175,597 27,941 Motor Oil Hellas Corinth Refineries SA 13,959 314,298 * Mytilineos Holdings SA 27,442 272,610 * National Bank of Greece SA 2,447 990 OPAP SA 17,826 205,120 * Piraeus Bank SA 575 158 Piraeus Port Authority SA 2,736 51,190 * Public Power Corp. SA 13,423 35,501 Terna Energy SA 9,557 44,083 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- GREECE -- (Continued) Titan Cement Co. SA 10,553 $ 293,947 ---------- TOTAL GREECE 2,669,097 ---------- HONG KONG -- (2.2%) #* 13 Holdings, Ltd. (The) 131,500 17,185 Agritrade Resources, Ltd. 340,000 83,586 AIA Group, Ltd. 729,000 5,733,953 Allied Properties HK, Ltd. 526,000 115,030 APT Satellite Holdings, Ltd. 161,250 79,543 Asia Financial Holdings, Ltd. 72,000 39,430 Asia Satellite Telecommunications Holdings, Ltd. 39,000 39,900 Asian Growth Properties, Ltd. 91,295 33,095 Asiasec Properties, Ltd. 10,920 2,919 ASM Pacific Technology, Ltd. 56,800 734,069 Associated International Hotels, Ltd. 38,000 116,750 # Bank of East Asia, Ltd. (The) 226,843 970,358 BeijingWest Industries International, Ltd. 166,000 30,370 BOC Hong Kong Holdings, Ltd. 338,000 1,661,768 Bonjour Holdings, Ltd. 737,000 35,367 # Bright Smart Securities & Commodities Group, Ltd. 322,000 95,047 * Brightoil Petroleum Holdings, Ltd. 1,213,000 315,194 * Brockman Mining, Ltd. 896,780 13,208 * Burwill Holdings, Ltd. 1,698,000 45,382 Cafe de Coral Holdings, Ltd. 58,000 186,686 Cathay Pacific Airways, Ltd. 525,000 822,551 Century City International Holdings, Ltd. 376,000 35,563 Cheuk Nang Holdings, Ltd. 21,817 14,522 Cheung Kong Property Holdings, Ltd. 143,260 1,158,518 Chevalier International Holdings, Ltd. 34,349 57,370 * China Best Group Holding, Ltd. 1,960,000 27,082 * China Energy Development Holdings, Ltd. 3,908,000 46,018 * China Ever Grand Financial Leasing Group Co., Ltd. 1,470,000 11,668 China Flavors & Fragrances Co., Ltd. 146,000 43,905 * China Healthcare Enterprise Group, Ltd. 1,160,000 19,620 China Metal International Holdings, Inc. 190,000 71,735 China Ting Group Holdings, Ltd. 358,000 18,082 # Chinese Estates Holdings, Ltd. 84,000 141,239 * Chinlink International Holdings, Ltd. 130,000 18,961 Chow Sang Sang Holdings International, Ltd. 126,000 294,226 Chow Tai Fook Jewellery Group, Ltd. 277,000 287,799 Chuang's Consortium International, Ltd. 532,000 123,856 CITIC Telecom International Holdings, Ltd. 798,000 242,946 CK Hutchison Holdings, Ltd. 316,260 4,161,701 CK Infrastructure Holdings, Ltd. 63,000 587,203 CK Life Sciences Intl Holdings, Inc. 1,286,000 105,213 CLP Holdings, Ltd. 44,500 474,154 * CMMB Vision Holdings, Ltd. 68,000 3,393 CNQC International Holdings, Ltd. 202,500 64,292 #* Common Splendor International Health Industry Group, Ltd. 522,000 39,417 # Convenience Retail Asia, Ltd. 40,000 19,905 # Cowell e Holdings, Inc. 121,000 49,487 * CP Lotus Corp. 80,000 1,558 * Crocodile Garments 177,000 22,654 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) CSI Properties, Ltd. 2,500,000 $ 132,779 # CW Group Holdings, Ltd. 210,000 35,204 Dah Sing Banking Group, Ltd. 175,996 376,915 Dah Sing Financial Holdings, Ltd. 79,900 565,365 Eagle Nice International Holdings, Ltd. 42,000 17,355 Emperor International Holdings, Ltd. 723,333 279,519 * Emperor Watch & Jewellery, Ltd. 1,360,000 59,207 #* Esprit Holdings, Ltd. 772,882 380,821 * eSun Holdings, Ltd. 88,000 11,037 # Fairwood Holdings, Ltd. 21,000 86,838 Far East Consortium International, Ltd. 751,479 414,318 # FIH Mobile, Ltd. 1,104,000 368,873 First Pacific Co., Ltd. 810,400 606,500 * First Shanghai Investments, Ltd. 360,000 48,742 Fountain SET Holdings, Ltd. 320,000 42,167 Galaxy Entertainment Group, Ltd. 196,000 1,210,124 #* GCL New Energy Holdings, Ltd. 2,094,000 96,421 Genting Hong Kong, Ltd. 281,000 81,338 Get Nice Financial Group, Ltd. 80,525 13,185 Get Nice Holdings, Ltd. 3,221,000 113,281 Giordano International, Ltd. 714,000 397,321 * Global Brands Group Holding, Ltd. 3,516,000 332,719 Glorious Sun Enterprises, Ltd. 255,000 29,729 Gold Peak Industries Holdings, Ltd. 262,000 25,681 # Goodbaby International Holdings, Ltd. 300,000 147,017 # Guotai Junan International Holdings, Ltd. 758,000 233,358 # Haitong International Securities Group, Ltd. 588,386 339,099 Hang Lung Group, Ltd. 213,000 809,077 Hang Lung Properties, Ltd. 263,000 654,104 Hang Seng Bank, Ltd. 65,400 1,421,834 Hanison Construction Holdings, Ltd. 137,208 26,843 Harbour Centre Development, Ltd. 21,000 39,274 Henderson Land Development Co., Ltd. 135,444 782,830 # HK Electric Investments & HK Electric Investments, Ltd. 259,000 246,624 HKBN, Ltd. 139,000 137,396 * HKR International, Ltd. 301,600 167,475 HKT Trust & HKT, Ltd. 803,000 1,051,900 Hon Kwok Land Investment Co., Ltd. 20,000 12,356 Hong Kong & China Gas Co., Ltd. 294,648 556,901 Hong Kong Aircraft Engineering Co., Ltd. 14,400 100,429 # Hong Kong Exchanges & Clearing, Ltd. 44,954 1,280,659 Hongkong & Shanghai Hotels, Ltd. (The) 87,307 155,195 Hopewell Holdings, Ltd. 179,000 684,633 #* Hsin Chong Group Holdings, Ltd. 876,000 29,440 Hutchison Telecommunications Hong Kong Holdings, Ltd. 647,000 248,269 Hysan Development Co., Ltd. 76,000 367,516 * I-CABLE Communications, Ltd. 374,000 25,822 IGG, Inc. 192,000 322,994 * iOne Holdings, Ltd. 1,080,000 26,374 IPE Group, Ltd. 140,000 34,936 #* IRC, Ltd. 420,533 19,379 IT, Ltd. 128,000 63,854 ITC Properties Group, Ltd. 131,000 51,113 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) Johnson Electric Holdings, Ltd. 153,125 $ 544,114 Karrie International Holdings, Ltd. 232,000 36,786 Kerry Logistics Network, Ltd. 231,250 332,536 Kerry Properties, Ltd. 240,500 842,775 Kingmaker Footwear Holdings, Ltd. 186,000 54,730 # Kingston Financial Group, Ltd. 1,169,000 406,772 Kowloon Development Co., Ltd. 152,000 167,438 * Kwan On Holdings, Ltd. 70,000 11,364 L'Occitane International SA 122,750 283,765 Lai Sun Development Co., Ltd. 6,569,000 243,550 * Landing International Development, Ltd. 7,875,000 90,606 # Li & Fung, Ltd. 2,122,000 776,241 Lifestyle International Holdings, Ltd. 183,500 249,743 Liu Chong Hing Investment, Ltd. 42,000 69,438 Luk Fook Holdings International, Ltd. 134,000 491,989 Lung Kee Bermuda Holdings 68,000 31,588 #* Macau Legend Development, Ltd. 1,025,000 176,907 Magnificent Hotel Investment, Ltd. 500,000 14,520 Man Wah Holdings, Ltd. 577,600 498,584 # Master Glory Group, Ltd.(BYTP1T9) 3,838,880 52,475 # Master Glory Group, Ltd.(BYTP1T9) 394,860 5,409 Melco International Development, Ltd. 281,000 664,001 Melco Resorts & Entertainment, Ltd. ADR 11,953 241,451 # MGM China Holdings, Ltd. 89,200 175,505 Microport Scientific Corp. 50,000 39,406 #* Midland Holdings, Ltd. 166,666 44,326 Ming Fai International Holdings, Ltd. 107,000 16,839 Miramar Hotel & Investment 31,000 71,018 * Mongolian Mining Corp. 1,658,500 58,464 # MTR Corp., Ltd. 97,766 564,557 NagaCorp, Ltd. 760,000 463,254 National Electronic Hldgs 30,800 4,252 * Neo-Neon Holdings, Ltd. 136,500 14,835 * NEW Concepts Holdings, Ltd. 40,000 19,050 #* New Sports Group, Ltd. 2,040,000 9,412 * New Times Energy Corp., Ltd. 444,000 14,032 New World Development Co., Ltd. 1,405,888 1,898,576 * Newocean Energy Holdings, Ltd. 466,000 137,740 * Next Digital, Ltd. 124,000 6,036 * Nine Express, Ltd. 660,000 24,049 NWS Holdings, Ltd. 406,508 777,679 * Orange Sky Golden Harvest Entertainment Holdings, Ltd. 340,000 43,061 * Orient Overseas International, Ltd. 93,500 870,147 Oriental Watch Holdings 96,400 20,343 * Pacific Andes International Holdings, Ltd. 1,128,607 3,959 * Pacific Basin Shipping, Ltd. 1,578,000 344,793 Pacific Textiles Holdings, Ltd. 198,000 223,919 Paliburg Holdings, Ltd. 222,000 94,864 * Paradise Entertainment, Ltd. 132,000 17,247 PCCW, Ltd. 1,137,511 639,711 * Pearl Oriental Oil, Ltd. 638,000 14,206 Perfect Shape Beauty Technology, Ltd. 88,000 10,135 # Pico Far East Holdings, Ltd. 370,000 152,507 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- HONG KONG -- (Continued) Playmates Holdings, Ltd. 580,000 $ 82,393 Playmates Toys, Ltd. 332,000 56,497 Polytec Asset Holdings, Ltd. 610,000 52,699 Power Assets Holdings, Ltd. 53,000 524,953 Prada SpA 47,700 170,278 Public Financial Holdings, Ltd. 72,000 33,445 * PYI Corp., Ltd. 1,406,000 30,940 Regal Hotels International Holdings, Ltd. 170,000 133,146 # Regina Miracle International Holdings, Ltd. 41,000 36,108 SA SA International Holdings, Ltd. 265,687 97,591 Samsonite International SA 310,200 1,299,036 Sands China, Ltd. 66,000 305,679 SAS Dragon Holdings, Ltd. 216,000 63,872 # SEA Holdings, Ltd. 72,000 84,784 * SEEC Media Group, Ltd. 640,000 2,947 Shangri-La Asia, Ltd. 491,166 797,644 # Shenwan Hongyuan HK, Ltd. 232,500 87,619 * Shougang Concord Grand Group, Ltd. 374,000 10,916 * Singamas Container Holdings, Ltd. 650,000 93,114 Sino Land Co., Ltd. 361,307 595,893 SITC International Holdings Co., Ltd. 514,000 427,635 Sitoy Group Holdings, Ltd. 203,000 44,411 SJM Holdings, Ltd. 695,301 695,114 SmarTone Telecommunications Holdings, Ltd. 206,086 270,648 * SOCAM Development, Ltd. 88,444 26,813 Soundwill Holdings, Ltd. 25,000 62,664 * South China Financial Holdings, Ltd. 3,100,000 20,617 * South China Holdings Co., Ltd. 1,160,000 44,515 Stella International Holdings, Ltd. 184,000 315,368 * Stelux Holdings International, Ltd. 43,000 3,687 Strong Petrochemical Holdings, Ltd. 132,000 27,223 #* Summit Ascent Holdings, Ltd. 26,000 5,884 Sun Hung Kai & Co., Ltd. 340,529 224,881 Sun Hung Kai Properties, Ltd. 133,588 2,066,908 Swire Pacific, Ltd. Class A 87,500 871,864 Swire Pacific, Ltd. Class B 117,500 208,101 Swire Properties, Ltd. 69,600 240,432 Tai Sang Land Development, Ltd. 20,710 14,535 * Tai United Holdings, Ltd. 495,000 76,364 * Talent Property Group, Ltd. 1,845,000 22,666 Tao Heung Holdings, Ltd. 144,000 29,867 Techtronic Industries Co., Ltd. 312,500 1,388,528 Television Broadcasts, Ltd. 122,400 448,054 Texwinca Holdings, Ltd. 334,000 202,628 * Tom Group, Ltd. 162,000 39,846 # Town Health International Medical Group, Ltd. 320,000 24,177 Tradelink Electronic Commerce, Ltd. 144,000 27,272 Transport International Holdings, Ltd. 90,800 306,221 * Trinity, Ltd. 416,000 23,963 * TSC Group Holdings, Ltd. 199,000 17,576 Tsui Wah Holdings, Ltd. 126,000 19,494 #* United Laboratories International Holdings, Ltd. (The) 332,500 208,397 * Up Energy Development Group, Ltd. 524,000 1,623 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- HONG KONG -- (Continued) * Value Convergence Holdings, Ltd. 64,000 $ 10,645 # Value Partners Group, Ltd. 147,954 137,466 Vanke Property Overseas, Ltd. 2,000 1,254 Vantage International Holdings, Ltd. 164,000 23,458 Varitronix International, Ltd. 113,000 60,335 Vedan International Holdings, Ltd. 152,000 17,895 Victory City International Holdings, Ltd. 1,233,798 41,829 Vitasoy International Holdings, Ltd. 210,000 448,762 VST Holdings, Ltd. 291,600 77,398 # VTech Holdings, Ltd. 36,100 522,161 Wai Kee Holdings, Ltd. 26,000 11,792 Water Oasis Group, Ltd. 228,000 30,959 WH Group, Ltd. 1,598,000 1,498,351 Wharf Holdings, Ltd. (The) 128,000 1,087,954 Wheelock & Co., Ltd. 131,000 987,150 Win Hanverky Holdings, Ltd. 116,000 16,323 * Winfull Group Holdings, Ltd. 280,000 7,024 Wing On Co. International, Ltd. 32,000 107,960 # Wing Tai Properties, Ltd. 102,000 69,806 Wynn Macau, Ltd. 159,200 343,967 Xinyi Glass Holdings, Ltd. 760,000 785,306 # Yeebo International Holdings, Ltd. 106,000 58,163 YGM Trading, Ltd. 20,000 18,068 Yue Yuen Industrial Holdings, Ltd. 230,500 951,657 ----------- TOTAL HONG KONG 68,419,535 ----------- HUNGARY -- (0.1%) Magyar Telekom Telecommunications P.L.C. 155,376 280,758 MOL Hungarian Oil & Gas P.L.C. 14,385 1,246,694 OTP Bank P.L.C. 27,352 1,017,874 Richter Gedeon Nyrt 15,943 407,890 ----------- TOTAL HUNGARY 2,953,216 ----------- INDIA -- (2.9%) * 3M India, Ltd. 122 25,483 * Aarti Industries 7,444 112,289 * Aban Offshore, Ltd. 7,592 21,845 ABB India, Ltd. 1,905 42,243 ACC, Ltd. 7,132 192,871 Adani Enterprises, Ltd. 72,180 155,667 Adani Ports & Special Economic Zone, Ltd. 84,017 519,496 * Adani Power, Ltd. 348,909 181,831 * Adani Transmissions, Ltd. 79,043 153,618 * Aditya Birla Capital, Ltd. 69,729 168,325 * Aditya Birla Fashion and Retail, Ltd. 73,294 197,646 Aegis Logistics, Ltd. 36,650 107,975 AIA Engineering, Ltd. 9,673 217,761 Ajanta Pharma, Ltd. 4,978 108,421 Akzo Nobel India, Ltd. 3,176 88,109 Alembic Pharmaceuticals, Ltd. 9,657 80,285 Alembic, Ltd. 30,658 19,606 Alkem Laboratories, Ltd. 694 19,699 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) * Allahabad Bank 81,372 $ 95,493 * Allcargo Logistics, Ltd. 15,152 40,571 Amara Raja Batteries, Ltd. 11,770 153,237 Ambuja Cements, Ltd. 97,375 399,231 * Amtek Auto, Ltd. 48,317 21,392 Anant Raj, Ltd. 49,377 48,751 Andhra Bank 88,163 78,720 * Apar Industries, Ltd. 3,922 48,014 * Apollo Hospitals Enterprise, Ltd. 11,454 224,698 Apollo Tyres, Ltd. 112,007 464,545 Arvind, Ltd. 57,700 328,687 * Ashiana Housing, Ltd. 3,289 9,390 Ashok Leyland, Ltd. 279,728 475,852 Ashoka Buildcon, Ltd. 18,131 52,496 Asian Paints, Ltd. 15,640 283,748 Astral Polytechnik, Ltd. 2,393 23,311 Atul, Ltd. 3,454 118,606 Aurobindo Pharma, Ltd. 106,747 1,195,551 Axis Bank, Ltd. 183,452 1,488,341 Bajaj Auto, Ltd. 6,148 269,417 Bajaj Corp., Ltd. 9,221 57,455 Bajaj Electricals, Ltd. 5,235 26,597 Bajaj Finance, Ltd. 28,070 745,862 Bajaj Finserv, Ltd. 8,939 697,196 * Bajaj Hindusthan Sugar, Ltd. 152,226 37,603 Bajaj Holdings & Investment, Ltd. 7,265 273,982 Balkrishna Industries, Ltd. 10,412 265,288 * Ballarpur Industries, Ltd. 70,689 18,289 Balmer Lawrie & Co., Ltd. 18,406 72,003 Balrampur Chini Mills, Ltd. 52,284 133,879 Banco Products India, Ltd. 3,892 14,139 Bank of Baroda 109,728 284,304 * Bank of India 83,859 216,944 * Bank Of Maharashtra 32,893 15,054 Bata India, Ltd. 13,096 120,166 BEML, Ltd. 5,064 136,492 Berger Paints India, Ltd. 74,368 287,513 * BF Utilities, Ltd. 4,550 26,938 * BGR Energy Systems, Ltd. 2,982 6,985 Bharat Electronics, Ltd. 91,330 254,868 * Bharat Financial Inclusion, Ltd. 10,060 132,230 Bharat Forge, Ltd. 34,784 622,129 Bharat Heavy Electricals, Ltd. 128,065 289,062 Bharat Petroleum Corp., Ltd. 65,079 477,749 Bharti Airtel, Ltd. 157,958 1,033,629 Bharti Infratel, Ltd. 37,508 233,949 Biocon, Ltd. 61,119 367,442 Birla Corp., Ltd. 9,430 139,868 Bliss Gvs Pharma, Ltd. 14,241 36,485 Blue Dart Express, Ltd. 403 26,744 Blue Star, Ltd. 2,257 24,393 Bodal Chemicals, Ltd. 16,735 47,732 Bombay Dyeing & Manufacturing Co., Ltd. 38,560 49,955 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) * Bombay Rayon Fashions, Ltd. 5,292 $ 12,476 Bosch, Ltd. 259 97,753 * Brigade Enterprises, Ltd. 8,869 38,906 Britannia Industries, Ltd. 2,752 167,078 Cadila Healthcare, Ltd. 41,130 348,869 Can Fin Homes, Ltd. 1,992 95,865 Canara Bank 48,751 279,318 Capital First, Ltd. 4,425 53,132 Caplin Point Laboratories, Ltd. 5,302 56,308 Carborundum Universal, Ltd. 8,630 45,743 Care Ratings, Ltd. 3,191 80,374 Castrol India, Ltd. 13,164 82,242 CCL Products India, Ltd. 13,096 57,967 Ceat, Ltd. 7,440 217,347 * Century Plyboards India, Ltd. 6,288 28,960 Century Textiles & Industries, Ltd. 10,906 202,101 Cera Sanitaryware, Ltd. 1,180 54,219 CESC, Ltd. 16,500 242,656 * CG Power and Industrial Solutions, Ltd. 136,819 181,100 Chambal Fertilizers and Chemicals, Ltd. 50,908 107,325 Chennai Petroleum Corp., Ltd. 11,326 68,321 Chennai Super Kings Cricket, Ltd. 65,357 430 Cholamandalam Investment and Finance Co., Ltd. 7,552 141,226 Cipla, Ltd. 55,878 489,561 City Union Bank, Ltd. 37,572 105,398 Clariant Chemicals India, Ltd. 2,206 23,212 * Coffee Day Enterprises, Ltd. 6,301 24,018 Colgate-Palmolive India, Ltd. 9,498 160,004 Container Corp. Of India, Ltd. 9,568 170,457 Coromandel International, Ltd. 29,420 206,896 * Corp. Bank 47,980 37,927 Cox & Kings, Ltd. 30,427 134,550 CRISIL, Ltd. 2,036 58,896 Crompton Greaves Consumer Electricals, Ltd. 78,725 268,208 Cummins India, Ltd. 9,452 145,438 Cyient, Ltd. 4,225 34,563 Dabur India, Ltd. 35,944 173,133 * Dalmia Bharat Sugar & Industries, Ltd. 4,336 10,365 * Dalmia Bharat, Ltd. 8,220 340,876 DB Corp., Ltd. 8,980 52,631 * DB Realty, Ltd. 17,964 12,406 DCB Bank, Ltd. 84,118 256,119 DCM Shriram, Ltd. 12,945 74,703 * Deepak Fertilisers & Petrochemicals Corp., Ltd. 13,545 75,756 Deepak Nitrite, Ltd. 5,702 14,523 Delta Corp., Ltd. 30,239 80,347 * DEN Networks, Ltd. 17,677 23,291 * Dena Bank 73,169 38,946 Dewan Housing Finance Corp., Ltd. 71,561 509,570 Dhampur Sugar Mills, Ltd. 9,693 36,838 * Dhanuka Agritech, Ltd. 2,609 30,508 * Dish TV India, Ltd. 76,802 99,605 Dishman Carbogen Amcis, Ltd. 14,314 67,206 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) * Divi's Laboratories, Ltd. 10,279 $107,792 * DLF, Ltd. 91,951 276,488 Dr Reddy's Laboratories, Ltd. ADR 12,143 444,312 Dredging Corp. Of India, Ltd. 4,639 45,269 * Dynamatic Technologies, Ltd. 1,070 40,039 eClerx Services, Ltd. 7,056 143,045 Eicher Motors, Ltd. 2,071 973,060 EID Parry India, Ltd. 22,053 116,175 EIH, Ltd. 28,044 60,194 Electrosteel Castings, Ltd. 29,267 15,049 Elgi Equipments, Ltd. 4,602 16,998 Emami, Ltd. 4,358 75,443 Engineers India, Ltd. 57,102 141,341 * Eros International Media, Ltd. 10,555 36,434 Escorts, Ltd. 23,174 241,692 Essel Propack, Ltd. 16,677 63,933 * Eveready Industries India, Ltd. 8,237 39,513 Exide Industries, Ltd. 88,368 299,646 * FDC, Ltd. 10,793 30,457 Federal Bank, Ltd. 377,941 679,963 * Federal-Mogul Goetze India, Ltd. 1,631 13,721 FIEM Industries, Ltd. 2,558 35,770 Finolex Cables, Ltd. 19,393 141,087 Finolex Industries, Ltd. 15,310 145,190 * Firstsource Solutions, Ltd. 78,398 44,275 * Fortis Healthcare, Ltd. 54,651 132,435 * Future Consumer, Ltd. 82,566 54,375 * Future Retail, Ltd. 41,879 263,386 Gabriel India, Ltd. 19,798 49,192 GAIL India, Ltd. 81,424 477,660 Garware Wall Ropes, Ltd. 1,870 25,975 Gateway Distriparks, Ltd. 23,895 101,579 Gati, Ltd. 16,078 30,314 Gayatri Projects, Ltd. 9,850 25,905 GE T&D India, Ltd. 2,769 17,000 GHCL, Ltd. 19,423 71,442 GIC Housing Finance, Ltd. 8,499 68,531 Gillette India, Ltd. 708 57,950 GlaxoSmithKline Consumer Healthcare, Ltd. 735 62,721 GlaxoSmithKline Pharmaceuticals, Ltd. 514 19,162 Glenmark Pharmaceuticals, Ltd. 11,592 125,799 * GMR Infrastructure, Ltd. 764,867 223,464 Godfrey Phillips India, Ltd. 3,450 60,956 Godrej Consumer Products, Ltd. 12,844 207,609 * Godrej Industries, Ltd. 16,321 168,763 * Godrej Properties, Ltd. 17,152 138,762 Granules India, Ltd. 27,599 58,610 Graphite India, Ltd. 13,582 43,654 Grasim Industries, Ltd. 49,807 829,570 Great Eastern Shipping Co., Ltd. (The) 24,793 153,010 Greaves Cotton, Ltd. 35,151 88,222 Greenply Industries, Ltd. 11,202 47,534 Grindwell Norton, Ltd. 2,042 13,567 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) Gruh Finance, Ltd. 22,005 $ 171,231 Gujarat Alkalies & Chemicals, Ltd. 9,984 61,832 * Gujarat Fluorochemicals, Ltd. 9,624 116,570 Gujarat Gas, Ltd. 7,972 94,801 Gujarat Industries Power Co., Ltd. 7,374 14,698 Gujarat Mineral Development Corp., Ltd. 40,207 89,016 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd. 15,978 74,334 Gujarat Pipavav Port, Ltd. 25,705 59,283 Gujarat State Fertilizers & Chemicals, Ltd. 40,083 85,961 Gujarat State Petronet, Ltd. 65,874 201,245 Gulf Oil Lubricants India, Ltd. 1,052 13,284 * GVK Power & Infrastructure, Ltd. 63,703 12,804 * Hathway Cable & Datacom, Ltd. 68,907 34,923 Hatsun Agro Products, Ltd. 1,563 15,280 Havells India, Ltd. 29,435 216,966 * HCL Infosystems, Ltd. 36,732 27,711 HCL Technologies, Ltd. 68,194 947,670 HDFC Bank, Ltd. 51,927 1,442,625 HDFC Bank, Ltd. ADR 2,000 193,560 * HEG, Ltd. 2,691 20,835 * HeidelbergCement India, Ltd. 32,536 65,417 Heritage Foods, Ltd. 2,025 39,367 Hero MotoCorp, Ltd. 3,652 208,206 Hexaware Technologies, Ltd. 39,420 161,339 Hikal, Ltd. 4,156 14,337 * Himachal Futuristic Communications, Ltd. 241,925 68,611 Himadri Speciality Chemical, Ltd. 18,499 24,900 Himatsingka Seide, Ltd. 24,860 137,015 Hindalco Industries, Ltd. 318,833 1,093,653 Hindustan Petroleum Corp., Ltd. 66,402 396,191 Hindustan Unilever, Ltd. 12,486 225,838 Honeywell Automation India, Ltd. 588 113,295 * Housing Development & Infrastructure, Ltd. 146,987 198,658 Housing Development Finance Corp., Ltd. 35,128 978,819 HSIL, Ltd. 13,542 79,594 HT Media, Ltd. 25,167 36,104 ICICI Bank, Ltd. 50,380 237,227 ICICI Bank, Ltd. Sponsored ADR 97,108 904,075 * IDBI Bank, Ltd. 221,811 206,189 Idea Cellular, Ltd. 588,123 845,587 IDFC Bank, Ltd. 142,144 132,005 IDFC, Ltd. 142,144 129,946 * IFB Industries, Ltd. 1,731 19,201 * IFCI, Ltd. 304,825 128,274 IIFL Holdings, Ltd. 67,491 626,429 * IL&FS Transportation Networks, Ltd. 35,448 50,697 India Cements, Ltd. (The) 82,812 264,323 Indiabulls Housing Finance, Ltd. 80,939 1,484,715 Indiabulls Ventures, Ltd. 10,382 30,698 Indian Bank 37,162 180,861 Indian Hotels Co., Ltd. 66,755 129,547 Indian Hume Pipe Co., Ltd. 3,318 28,558 Indian Oil Corp., Ltd. 53,620 306,419 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) * Indian Overseas Bank 175,339 $ 68,332 Indo Count Industries, Ltd. 20,679 47,866 Indoco Remedies, Ltd. 2,590 8,072 Indraprastha Gas, Ltd. 10,376 190,634 IndusInd Bank, Ltd. 10,157 259,533 Infosys, Ltd. 92,926 1,466,030 Infosys, Ltd. Sponsored ADR 11,240 177,592 Ingersoll-Rand India, Ltd. 4,075 54,521 * Inox Leisure, Ltd. 9,065 36,138 * Intellect Design Arena, Ltd. 12,479 21,322 * International Paper APPM, Ltd. 2,357 11,704 Ipca Laboratories, Ltd. 9,259 69,256 IRB Infrastructure Developers, Ltd. 48,779 171,889 ITC, Ltd. 75,464 335,324 ITD Cementation India, Ltd. 11,942 30,694 J Kumar Infraprojects, Ltd. 13,503 60,763 * Jagran Prakashan, Ltd. 35,220 96,632 Jain Irrigation Systems, Ltd. 130,917 216,418 * Jaiprakash Associates, Ltd. 687,877 314,420 Jammu & Kashmir Bank, Ltd. (The) 85,852 111,653 Jamna Auto Industries, Ltd. 6,857 27,477 * Jaypee Infratech, Ltd. 142,082 48,420 JB Chemicals & Pharmaceuticals, Ltd. 7,549 36,440 JBF Industries, Ltd. 13,990 45,775 * Jet Airways India, Ltd. 5,097 47,264 Jindal Poly Films, Ltd. 3,631 21,346 Jindal Saw, Ltd. 62,028 99,843 * Jindal Stainless Hisar, Ltd. 23,161 58,627 * Jindal Steel & Power, Ltd. 129,450 308,351 * JITF Infralogistics, Ltd. 4,986 3,495 JK Cement, Ltd. 6,182 97,348 JK Lakshmi Cement, Ltd. 4,965 35,614 JK Paper, Ltd. 9,141 13,886 JK Tyre & Industries, Ltd. 29,960 75,380 JM Financial, Ltd. 70,734 132,665 Johnson Controls-Hitachi Air Conditioning India, Ltd. 1,603 50,518 JSW Energy, Ltd. 203,938 222,495 JSW Steel, Ltd. 397,413 1,369,126 Jubilant Foodworks, Ltd. 5,229 106,696 Jubilant Life Sciences, Ltd. 29,765 331,865 * Just Dial, Ltd. 17,550 103,366 Jyothy Laboratories, Ltd. 7,235 41,633 Kajaria Ceramics, Ltd. 7,529 79,774 * Kalpataru Power Transmission, Ltd. 24,528 132,287 Kalyani Steels, Ltd. 8,223 56,695 Kansai Nerolac Paints, Ltd. 7,181 50,812 Karnataka Bank, Ltd. (The) 67,981 163,122 Karur Vysya Bank, Ltd. (The) 72,791 159,332 * Kaveri Seed Co., Ltd. 6,922 74,664 * KCP, Ltd. 14,267 23,036 KEC International, Ltd. 36,898 175,722 Kirloskar Brothers, Ltd. 11,621 44,597 Kitex Garments, Ltd. 9,492 38,718 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) * KNR Constructions, Ltd. 7,531 $ 24,760 Kolte-Patil Developers, Ltd. 4,030 10,595 Kotak Mahindra Bank, Ltd. 65,068 1,037,866 KPIT Technologies, Ltd. 55,541 110,474 KPR Mill, Ltd. 3,584 44,240 * KRBL, Ltd. 22,196 158,867 KSB Pumps, Ltd. 1,172 13,619 Kwality, Ltd. 27,994 63,524 L&T Finance Holdings, Ltd. 188,906 514,844 Lakshmi Machine Works, Ltd. 669 61,703 Lakshmi Vilas Bank, Ltd. (The) 23,757 66,268 Larsen & Toubro, Ltd. 28,679 533,377 LG Balakrishnan & Bros, Ltd. 1,362 15,947 LIC Housing Finance, Ltd. 83,951 901,390 Linde India, Ltd. 5,728 38,957 Lupin, Ltd. 12,300 197,682 Mahindra & Mahindra Financial Services, Ltd. 73,854 461,135 Mahindra & Mahindra, Ltd. 50,626 1,109,265 Mahindra & Mahindra, Ltd. Sponsored GDR 12,272 264,712 * Mahindra CIE Automotive, Ltd. 13,377 52,156 Mahindra Holidays & Resorts India, Ltd. 9,011 57,546 Mahindra Lifespace Developers, Ltd. 6,749 44,285 Man Infraconstruction, Ltd. 22,903 23,168 Manappuram Finance, Ltd. 190,164 316,211 * Mangalore Refinery & Petrochemicals, Ltd. 63,805 123,059 Marico, Ltd. 44,813 232,694 Marksans Pharma, Ltd. 69,107 45,695 Maruti Suzuki India, Ltd. 7,420 895,648 Max Financial Services, Ltd. 25,751 244,449 * MAX India, Ltd. 26,905 62,691 * Max Ventures & Industries, Ltd. 5,381 6,958 Mayur Uniquoters, Ltd. 3,760 21,172 McLeod Russel India, Ltd. 24,846 67,899 Meghmani Organics, Ltd. 25,968 21,037 Mercator, Ltd. 59,332 37,728 Merck, Ltd. 2,147 41,124 Minda Corp., Ltd. 6,994 11,479 Minda Industries, Ltd. 3,193 39,438 MindTree, Ltd. 31,048 230,535 Mirza International, Ltd. 11,206 27,079 Monsanto India, Ltd. 98 4,178 * Motherson Sumi Systems, Ltd. 66,076 334,912 Motilal Oswal Financial Services, Ltd. 6,733 111,970 Mphasis, Ltd. 15,087 141,578 MRF, Ltd. 486 523,306 Muthoot Finance, Ltd. 23,636 174,737 * Nagarjuna Fertilizers & Chemicals, Ltd. 69,051 14,930 Natco Pharma, Ltd. 12,555 191,313 National Aluminium Co., Ltd. 193,656 211,233 Nava Bharat Ventures, Ltd. 27,373 58,671 Navin Fluorine International, Ltd. 3,575 38,758 * Navkar Corp., Ltd. 7,149 22,606 Navneet Education, Ltd. 17,351 44,404 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- INDIA -- (Continued) NCC, Ltd. 165,699 $230,255 * NESCO, Ltd. 625 23,929 Nestle India, Ltd. 1,275 134,451 Neuland Laboratories, Ltd. 504 11,340 NHPC, Ltd. 168,062 79,613 NIIT Technologies, Ltd. 12,245 97,808 Nilkamal, Ltd. 1,989 58,015 NOCIL, Ltd. 25,360 57,047 NTPC, Ltd. 82,106 209,996 * Oberoi Realty, Ltd. 25,372 151,775 * OCL India, Ltd. 847 16,254 Oil & Natural Gas Corp., Ltd. 29,660 78,141 Oil India, Ltd. 25,908 117,511 Omaxe, Ltd. 14,260 45,457 OnMobile Global, Ltd. 13,911 13,994 Oracle Financial Services Software, Ltd. 2,808 159,378 Orient Cement, Ltd. 9,034 21,958 Oriental Bank of Commerce 43,463 99,925 Page Industries, Ltd. 620 158,629 * Patel Engineering, Ltd. 20,188 25,934 PC Jeweller, Ltd. 26,664 106,356 Persistent Systems, Ltd. 7,632 77,011 Petronet LNG, Ltd. 113,496 358,745 Pfizer, Ltd. 2,484 69,450 Phillips Carbon Black, Ltd. 4,718 42,903 Phoenix Mills, Ltd. (The) 10,503 80,055 PI Industries, Ltd. 5,791 68,942 Pidilite Industries, Ltd. 11,464 141,734 Piramal Enterprises, Ltd. 10,493 483,077 * Polaris Consulting & Services, Ltd. 7,820 28,161 Power Finance Corp., Ltd. 214,048 415,220 Power Grid Corp. of India, Ltd. 75,063 260,800 Prabhat Dairy, Ltd. 11,670 24,013 * Praj Industries, Ltd. 38,085 45,811 * Prakash Industries, Ltd. 18,220 40,461 * Prestige Estates Projects, Ltd. 43,808 183,631 Procter & Gamble Hygiene & Health Care, Ltd. 791 99,249 PTC India Financial Services, Ltd. 51,751 32,414 PTC India, Ltd. 75,922 142,956 * Punjab & Sind Bank 15,909 13,546 * Punjab National Bank 98,742 250,190 PVR, Ltd. 8,235 172,314 Radico Khaitan, Ltd. 19,617 43,063 Rain Industries, Ltd. 51,180 103,468 Rajesh Exports, Ltd. 24,427 271,061 Rallis India, Ltd. 14,230 53,514 Ramco Cements, Ltd. (The) 21,651 229,567 Ramco Industries, Ltd. 6,675 24,087 Rashtriya Chemicals & Fertilizers, Ltd. 39,060 53,005 * RattanIndia Power, Ltd. 305,973 31,713 Raymond, Ltd. 13,999 172,470 Redington India, Ltd. 44,129 102,931 Relaxo Footwears, Ltd. 3,596 26,690 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) * Reliance Communications, Ltd. 314,737 $ 128,698 * Reliance Defence and Engineering, Ltd. 41,874 40,555 Reliance Industries, Ltd. 62,060 1,562,471 Reliance Industries, Ltd. GDR(759470107) 4,141 205,394 Reliance Industries, Ltd. GDR(B16CYP903) 9,355 463,415 Reliance Infrastructure, Ltd. 28,168 231,816 * Reliance Power, Ltd. 225,835 158,919 Repco Home Finance, Ltd. 5,419 62,938 * Rolta India, Ltd. 34,772 31,516 Rural Electrification Corp., Ltd. 231,469 630,635 Sadbhav Engineering, Ltd. 6,929 31,655 Sangam India, Ltd. 2,880 11,869 Sanghvi Movers, Ltd. 6,071 22,070 Sanofi India, Ltd. 1,931 129,378 Schaeffler India, Ltd. 1,115 78,731 Sharda Cropchem, Ltd. 5,292 39,079 Shilpa Medicare, Ltd. 3,332 34,327 * Shipping Corp. of India, Ltd. 48,621 62,645 Shree Cement, Ltd. 1,212 354,317 Shriram City Union Finance, Ltd. 1,488 53,038 Shriram Transport Finance Co., Ltd. 31,868 508,615 * Shyam Century Ferrous, Ltd. 6,288 889 Siemens, Ltd. 1,769 39,939 Simplex Infrastructures, Ltd. 3,825 28,697 Sintex Industries, Ltd. 132,335 76,846 * Sintex Plastics Technology, Ltd. 132,335 176,271 SJVN, Ltd. 85,579 44,431 SKF India, Ltd. 3,506 85,413 Skipper, Ltd. 4,215 15,115 SML ISUZU, Ltd. 2,162 37,791 Sobha, Ltd. 18,832 117,389 Solar Industries India, Ltd. 1,211 16,853 Somany Ceramics, Ltd. 902 11,246 Sonata Software, Ltd. 14,463 37,639 South Indian Bank, Ltd. (The) 430,148 202,888 SREI Infrastructure Finance, Ltd. 85,602 156,071 SRF, Ltd. 8,369 198,060 * Star Cement, Ltd. 8,363 16,556 State Bank of India 92,382 450,291 State Bank of India GDR(513109900) 226 10,914 State Bank of India GDR(856552203) 490 23,716 * Steel Authority of India, Ltd. 115,173 113,583 Sterlite Technologies, Ltd. 45,756 150,606 Strides Shasun, Ltd. 8,453 139,160 Subros, Ltd. 7,463 27,643 Sudarshan Chemical Industries, Ltd. 3,663 23,677 Sun Pharmaceutical Industries, Ltd. 63,840 527,711 Sun TV Network, Ltd. 39,645 483,393 Sundram Fasteners, Ltd. 24,211 155,872 Sunteck Realty, Ltd. 16,128 57,660 Supreme Industries, Ltd. 13,945 241,963 Supreme Petrochem, Ltd. 17,029 92,555 Surya Roshni, Ltd. 10,195 44,707 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- INDIA -- (Continued) * Suzlon Energy, Ltd. 677,828 $ 200,182 Swaraj Engines, Ltd. 1,485 48,603 Symphony, Ltd. 1,621 36,378 * Syndicate Bank 92,012 105,569 Syngene International, Ltd. 1,411 10,422 TAKE Solutions, Ltd. 15,100 34,964 Tamil Nadu Newsprint & Papers, Ltd. 12,488 72,258 Tata Chemicals, Ltd. 27,797 268,039 Tata Communications, Ltd. 12,550 131,371 Tata Consultancy Services, Ltd. 17,462 678,975 Tata Elxsi, Ltd. 4,728 128,834 Tata Global Beverages, Ltd. 136,535 362,086 * Tata Motors, Ltd. 151,267 1,047,865 Tata Power Co., Ltd. (The) 271,470 347,026 Tata Steel, Ltd. 114,871 1,016,224 * Tata Teleservices Maharashtra, Ltd. 202,759 24,494 TCI Express, Ltd. 3,908 33,275 Tech Mahindra, Ltd. 45,860 275,153 Techno Electric & Engineering Co., Ltd. 1,973 11,212 Thermax, Ltd. 5,973 80,786 Thomas Cook India, Ltd. 5,157 18,100 Tide Water Oil Co India, Ltd. 138 12,671 Time Technoplast, Ltd. 26,677 68,063 Timken India, Ltd. 5,879 65,929 Titagarh Wagons, Ltd. 15,510 29,537 Titan Co., Ltd. 17,242 146,158 Torrent Pharmaceuticals, Ltd. 8,466 173,478 Torrent Power, Ltd. 29,991 84,793 Transport Corp. of India, Ltd. 11,637 57,131 Trent, Ltd. 6,550 27,450 Trident, Ltd. 32,522 41,933 * Triveni Engineering & Industries, Ltd. 30,673 38,621 Triveni Turbine, Ltd. 34,817 77,192 TTK Prestige, Ltd. 355 35,262 Tube Investments of India, Ltd. 22,665 275,857 * TV18 Broadcast, Ltd. 190,935 118,994 TVS Motor Co., Ltd. 34,636 314,132 * TVS Srichakra, Ltd. 120 6,749 * UCO Bank 163,070 84,446 Uflex, Ltd. 15,054 104,254 UFO Moviez India, Ltd. 5,376 31,458 Ultratech Cement, Ltd. 4,462 282,641 Unichem Laboratories, Ltd. 16,164 66,589 * Union Bank of India 74,597 184,127 * Unitech, Ltd. 958,605 130,786 United Breweries, Ltd. 6,518 82,812 * United Spirits, Ltd. 5,422 214,154 UPL, Ltd. 86,770 1,182,857 V-Guard Industries, Ltd. 18,592 52,167 VA Tech Wabag, Ltd. 10,769 102,248 Vakrangee, Ltd. 37,386 256,763 * Vardhman Textiles, Ltd. 6,586 125,557 Vedanta, Ltd. 239,791 1,044,593 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Vedanta, Ltd. ADR 28,241 $ 497,049 Venky's India, Ltd. 1,145 37,707 * Videocon Industries, Ltd. 32,482 12,551 Vijaya Bank 99,496 108,623 Vinati Organics, Ltd. 5,750 92,717 VIP Industries, Ltd. 10,856 29,100 Voltas, Ltd. 27,567 216,875 VRL Logistics, Ltd. 9,729 49,331 VST Industries, Ltd. 351 16,857 WABCO India, Ltd. 446 38,072 Welspun Corp., Ltd. 36,901 74,630 Welspun India, Ltd. 118,610 152,110 West Coast Paper Mills, Ltd. 8,293 26,009 * Whirlpool of India, Ltd. 4,188 76,547 Wipro, Ltd. 159,764 719,029 Wockhardt, Ltd. 9,139 86,565 Yes Bank, Ltd. 65,619 1,853,198 Zee Entertainment Enterprises, Ltd. 39,386 331,558 Zensar Technologies, Ltd. 4,461 55,727 ----------- TOTAL INDIA 90,848,740 ----------- INDONESIA -- (0.6%) Ace Hardware Indonesia Tbk PT 1,147,000 95,605 Adaro Energy Tbk PT 6,459,400 865,098 Adhi Karya Persero Tbk PT 784,987 130,708 Agung Podomoro Land Tbk PT 2,441,400 41,041 AKR Corporindo Tbk PT 257,200 133,192 Alam Sutera Realty Tbk PT 4,425,100 106,958 * Aneka Tambang Persero Tbk PT 3,299,420 170,840 Arwana Citramulia Tbk PT 232,600 7,715 Asahimas Flat Glass Tbk PT 86,500 41,411 Astra Agro Lestari Tbk PT 211,589 233,812 Astra International Tbk PT 1,459,400 873,227 Bank Bukopin Tbk 1,262,200 56,331 Bank Central Asia Tbk PT 388,600 545,613 Bank Danamon Indonesia Tbk PT 822,263 351,615 Bank Mandiri Persero Tbk PT 1,033,509 1,057,877 Bank Negara Indonesia Persero Tbk PT 836,920 467,599 * Bank Pan Indonesia Tbk PT 1,316,000 107,132 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 894,500 138,952 Bank Pembangunan Daerah Jawa Timur Tbk PT 1,178,900 55,716 * Bank Permata Tbk PT 1,083,325 57,331 Bank Rakyat Indonesia Persero Tbk PT 1,015,700 1,125,366 Bank Tabungan Negara Persero Tbk PT 1,893,441 369,440 Bank Tabungan Pensiunan Nasional Tbk PT 54,000 10,215 * Barito Pacific Tbk PT 2,185,000 273,073 * Bayan Resources Tbk PT 16,000 7,791 Bekasi Fajar Industrial Estate Tbk PT 2,056,600 47,843 * Benakat Integra Tbk PT 3,406,400 27,360 BISI International Tbk PT 468,500 53,814 Bumi Serpong Damai Tbk PT 2,092,800 281,099 * Bumi Teknokultura Unggul Tbk PT 287,600 23,316 Charoen Pokphand Indonesia Tbk PT 971,000 194,462 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ---------- -------- INDONESIA -- (Continued) Ciputra Development Tbk PT 4,791,071 $372,184 * Citra Marga Nusaphala Persada Tbk PT 517,167 52,175 * Delta Dunia Makmur Tbk PT 2,899,300 173,025 * Eagle High Plantations Tbk PT 4,587,600 75,042 Elnusa Tbk PT 1,814,900 36,514 * Energi Mega Persada Tbk PT 869,062 3,262 Erajaya Swasembada Tbk PT 382,200 18,350 * Eureka Prima Jakarta Tbk PT 764,400 6,710 Gajah Tunggal Tbk PT 689,200 49,623 * Garuda Indonesia Persero Tbk PT 1,784,500 46,366 Global Mediacom Tbk PT 2,289,300 89,291 Gudang Garam Tbk PT 31,000 177,119 * Hanson International Tbk PT 16,859,600 164,503 Holcim Indonesia Tbk PT 435,500 25,507 Indah Kiat Pulp & Paper Corp. Tbk PT 980,300 203,840 * Indika Energy Tbk PT 809,600 50,127 Indo Tambangraya Megah Tbk PT 141,800 212,850 Indocement Tunggal Prakarsa Tbk PT 177,400 232,863 Indofood CBP Sukses Makmur Tbk PT 102,500 64,217 Indofood Sukses Makmur Tbk PT 1,242,500 780,919 Indosat Tbk PT 176,750 86,232 * Inovisi Infracom Tbk PT 7,778 13 Intiland Development Tbk PT 2,790,300 84,190 Japfa Comfeed Indonesia Tbk PT 1,759,400 153,777 Jasa Marga Persero Tbk PT 255,626 112,231 Kalbe Farma Tbk PT 2,130,000 277,208 Kawasan Industri Jababeka Tbk PT 5,953,389 142,066 KMI Wire & Cable Tbk PT 334,500 12,154 * Krakatau Steel Persero Tbk PT 1,620,437 72,351 * Kresna Graha Investama Tbk PT 962,300 30,333 * Lippo Cikarang Tbk PT 220,300 72,598 Lippo Karawaci Tbk PT 6,010,450 322,491 Malindo Feedmill Tbk PT 371,200 26,738 Matahari Department Store Tbk PT 202,500 192,518 * Matahari Putra Prima Tbk PT 267,600 12,854 Mayora Indah Tbk PT 3,120,825 434,614 * Medco Energi Internasional Tbk PT 543,800 108,574 Media Nusantara Citra Tbk PT 1,031,400 139,250 Mitra Adiperkasa Tbk PT 260,000 122,925 Mitra Keluarga Karyasehat Tbk PT 117,300 19,718 * MNC Investama Tbk PT 9,936,200 81,278 Modernland Realty Tbk PT 2,774,000 57,876 Multipolar Tbk PT 5,121,500 79,981 Nippon Indosari Corpindo Tbk PT 121,500 11,400 * Nirvana Development Tbk PT 911,900 5,067 * Nusantara Infrastructure Tbk PT 3,043,000 30,827 Pabrik Kertas Tjiwi Kimia Tbk PT 313,000 27,720 Pakuwon Jati Tbk PT 3,888,700 207,142 Pan Brothers Tbk PT 1,291,500 48,949 * Panin Financial Tbk PT 5,154,600 96,676 Pembangunan Perumahan Persero Tbk PT 608,154 138,374 Perusahaan Gas Negara Persero Tbk 1,154,200 194,889 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT 1,347,700 142,539 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- INDONESIA -- (Continued) Ramayana Lestari Sentosa Tbk PT 1,460,024 $ 103,557 Salim Ivomas Pratama Tbk PT 1,950,400 74,666 Sawit Sumbermas Sarana Tbk PT 454,000 49,914 * Sekawan Intipratama Tbk PT 1,471,800 3,424 Semen Baturaja Persero Tbk PT 772,600 191,356 Semen Indonesia Persero Tbk PT 711,700 531,207 * Sentul City Tbk PT 9,187,800 63,435 * Siloam International Hospitals Tbk PT 16,425 11,896 Sri Rejeki Isman Tbk PT 3,898,800 98,838 * Sugih Energy Tbk PT 1,969,100 7,389 Summarecon Agung Tbk PT 3,131,000 230,199 Surya Citra Media Tbk PT 307,600 54,480 Surya Semesta Internusa Tbk PT 812,400 41,783 Tambang Batubara Bukit Asam Persero Tbk PT 286,900 282,021 Telekomunikasi Indonesia Persero Tbk PT 35,000 12,301 Telekomunikasi Indonesia Persero Tbk PT Sponsored ADR 11,510 403,195 Tempo Scan Pacific Tbk PT 206,900 30,042 * Tiga Pilar Sejahtera Food Tbk 839,100 82,184 Timah Persero Tbk PT 1,015,156 61,325 Tiphone Mobile Indonesia Tbk PT 784,500 73,900 Tower Bersama Infrastructure Tbk PT 255,500 129,261 * Truba Alam Manunggal Engineering PT 2,841,000 2,345 Tunas Baru Lampung Tbk PT 879,500 98,046 Tunas Ridean Tbk PT 537,500 44,361 Unilever Indonesia Tbk PT 41,600 152,775 United Tractors Tbk PT 593,024 1,338,993 * Vale Indonesia Tbk PT 977,400 177,315 * Visi Media Asia Tbk PT 2,351,300 55,389 Waskita Karya Persero Tbk PT 1,822,063 326,752 Wijaya Karya Beton Tbk PT 415,300 18,869 Wijaya Karya Persero Tbk PT 1,064,859 166,161 * XL Axiata Tbk PT 619,700 156,290 ----------- TOTAL INDONESIA 19,405,261 ----------- IRELAND -- (0.4%) * Bank of Ireland Group P.L.C. 209,253 1,746,382 C&C Group P.L.C. 123,102 445,882 CRH P.L.C. 1,971 69,184 CRH P.L.C. Sponsored ADR 68,877 2,415,516 Datalex P.L.C. 5,347 23,880 * FBD Holdings P.L.C. 6,284 62,867 Glanbia P.L.C. 41,042 849,621 IFG Group P.L.C. 10,052 20,833 * Independent News & Media P.L.C. 79,753 10,552 Irish Continental Group P.L.C. 28,695 182,296 * Kenmare Resources P.L.C. 385 1,287 Kerry Group P.L.C. Class A 14,315 1,295,688 Kingspan Group P.L.C. 50,428 1,679,698 Paddy Power Betfair P.L.C.(BWXC0Z1) 2,126 212,319 Paddy Power Betfair P.L.C.(BWT6H89) 11,801 1,182,317 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- IRELAND -- (Continued) Smurfit Kappa Group P.L.C. 55,531 $ 1,651,549 ----------- TOTAL IRELAND 11,849,871 ----------- ISRAEL -- (0.5%) * Africa Israel Investments, Ltd. 44,678 3,413 * Africa Israel Properties, Ltd. 4,516 89,927 * Airport City, Ltd. 14,811 195,684 Albaad Massuot Yitzhak, Ltd. 638 10,375 * Allot Communications, Ltd. 3,478 17,288 Alrov Properties and Lodgings, Ltd. 2,406 69,212 Amot Investments, Ltd. 23,559 125,049 Arad, Ltd. 1,491 15,235 * AudioCodes, Ltd. 3,346 22,804 Avgol Industries 1953, Ltd. 16,963 20,819 * Azorim-Investment Development & Construction Co., Ltd. 10,744 10,259 Azrieli Group, Ltd. 2,901 158,521 Bank Hapoalim BM 254,790 1,764,880 Bank Leumi Le-Israel BM 350,098 1,681,922 Bayside Land Corp. 246 105,909 Bezeq The Israeli Telecommunication Corp., Ltd. 265,698 394,467 Big Shopping Centers, Ltd. 907 63,541 Blue Square Real Estate, Ltd. 1,707 78,043 * Camtek, Ltd. 1,941 10,376 * Cellcom Israel, Ltd.(M2196U109) 11,977 111,386 * Cellcom Israel, Ltd.(B23WQK8) 15,186 140,984 * Ceragon Networks, Ltd. 16,269 37,774 * Clal Biotechnology Industries, Ltd. 14,222 15,091 * Clal Insurance Enterprises Holdings, Ltd. 7,386 119,587 * Compugen, Ltd. 2,287 9,007 Delek Automotive Systems, Ltd. 9,919 82,013 Delek Group, Ltd. 1,624 332,574 Delta-Galil Industries, Ltd. 5,332 147,664 Direct Insurance Financial Investments, Ltd. 6,685 71,677 El Al Israel Airlines 165,971 157,923 Elbit Systems, Ltd.(M3760D101) 1,800 226,836 Elbit Systems, Ltd.(6308913) 2,679 338,265 Electra Consumer Products 1970, Ltd. 4,120 80,793 Electra, Ltd. 693 137,041 * Equital, Ltd. 537 12,757 * Evogene, Ltd. 1,612 7,884 First International Bank Of Israel, Ltd. 19,943 364,003 FMS Enterprises Migun, Ltd. 917 34,048 Formula Systems 1985, Ltd. 4,716 172,992 Fox Wizel, Ltd. 3,305 68,563 Frutarom Industries, Ltd. 8,502 602,813 * Gilat Satellite Networks, Ltd. 13,515 73,927 * Hadera Paper, Ltd. 709 43,328 Hamlet Israel-Canada, Ltd. 1,158 16,750 Harel Insurance Investments & Financial Services, Ltd. 42,579 253,195 Hilan, Ltd. 4,655 84,497 IDI Insurance Co., Ltd. 1,208 68,884 * Industrial Buildings Corp., Ltd. 13,096 17,746 Inrom Construction Industries, Ltd. 7,745 35,778 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ISRAEL -- (Continued) Israel Chemicals, Ltd. 64,027 $ 305,107 * Israel Discount Bank, Ltd. Class A 260,709 672,079 * Jerusalem Oil Exploration 5,574 295,761 * Kamada, Ltd. 6,921 31,169 * Kenon Holdings, Ltd. 3,303 45,972 Kerur Holdings, Ltd. 894 25,256 Klil Industries, Ltd. 167 18,694 Matrix IT, Ltd. 14,912 153,256 Maytronics, Ltd. 10,664 38,108 #* Mazor Robotics, Ltd. Sponsored ADR 641 25,627 Melisron, Ltd. 4,702 239,674 Menora Mivtachim Holdings, Ltd. 6,823 82,707 Migdal Insurance & Financial Holding, Ltd. 138,167 141,730 Mizrahi Tefahot Bank, Ltd. 53,753 971,312 * Naphtha Israel Petroleum Corp., Ltd. 15,300 104,229 Neto ME Holdings, Ltd. 124 12,119 NIice, Ltd. Sponsored ADR 7,239 540,464 * Nova Measuring Instruments, Ltd. 6,405 150,761 Oil Refineries, Ltd. 474,955 220,852 * Partner Communications Co., Ltd. 54,047 273,870 * Partner Communications Co., Ltd. ADR 1,600 7,824 Paz Oil Co., Ltd. 2,169 362,118 * Phoenix Holdings, Ltd. (The) 25,105 106,793 Plasson Industries, Ltd. 634 23,322 Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. 1,682 80,093 Scope Metals Group, Ltd. 2,522 70,552 Shapir Engineering and Industry, Ltd. 16,481 55,047 Shikun & Binui, Ltd. 115,380 265,313 Shufersal, Ltd. 21,302 115,742 Strauss Group, Ltd. 9,128 174,802 Summit Real Estate Holdings, Ltd. 968 6,351 Tadiran Holdings, Ltd. 384 10,358 Teva Pharmaceutical Industries, Ltd. Sponsored ADR 67,449 2,169,834 * Tower Semiconductor, Ltd.(M87915274) 12,735 333,020 * Tower Semiconductor, Ltd.(6320605) 4,323 114,967 * Union Bank of Israel 4,714 24,246 ----------- TOTAL ISRAEL 16,972,633 ----------- ITALY -- (2.1%) A2A SpA 552,999 940,718 ACEA SpA 22,145 332,430 * Aeffe SpA 11,360 24,083 Amplifon SpA 20,340 291,550 Anima Holding SpA 69,872 567,048 * Ansaldo STS SpA 24,656 338,365 * Arnoldo Mondadori Editore SpA 71,829 149,626 Ascopiave SpA 31,833 130,445 Assicurazioni Generali SpA 239,827 4,350,031 Astaldi SpA 22,586 150,025 Atlantia SpA 27,083 823,834 Autogrill SpA 24,680 293,028 Azimut Holding SpA 21,356 478,488 #* Banca Carige SpA 289,369 86,863 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) Banca Generali SpA 11,534 $ 409,153 Banca IFIS SpA 10,332 484,887 Banca Mediolanum SpA 120,468 1,053,353 * Banca Monte dei Paschi di Siena SpA 3,026 40,514 Banca Popolare di Sondrio SCPA 170,955 745,989 Banca Profilo SpA 61,003 15,404 * Banco BPM SpA 407,233 1,483,225 Banco di Desio e della Brianza SpA 12,951 38,172 BasicNet SpA 15,391 71,956 BE 66,757 67,910 Biesse SpA 3,608 137,497 BPER Banca 168,835 927,502 Brembo SpA 38,795 596,570 Brunello Cucinelli SpA 1,834 53,875 Buzzi Unicem SpA 26,107 661,196 Cairo Communication SpA 15,597 72,641 Cementir Holding SpA 27,672 197,120 Cerved Information Solutions SpA 32,302 370,461 CIR-Compagnie Industriali Riunite SpA 143,454 213,489 CNH Industrial NV 187,473 2,171,582 Credito Emiliano SpA 35,535 306,514 #* Credito Valtellinese SpA 40,226 194,995 * d'Amico International Shipping SA 69,418 21,575 Danieli & C Officine Meccaniche SpA 6,446 166,044 Datalogic SpA 4,298 131,964 Davide Campari-Milano SpA 124,346 919,212 De' Longhi SpA 9,056 297,832 DiaSorin SpA 4,723 411,930 Ei Towers SpA 8,273 506,111 El.En. SpA 3,012 88,287 Emak SpA 11,096 20,743 Enel SpA 371,437 2,118,786 Eni SpA 231,731 3,669,029 Eni SpA Sponsored ADR 26,710 843,502 ePrice SpA 3,108 13,659 ERG SpA 24,058 343,777 Esprinet SpA 11,424 88,241 * Eurotech SpA 11,463 17,658 Falck Renewables SpA 79,144 118,829 Ferrari NV 17,952 1,889,124 * Fiat Chrysler Automobiles NV(N31738102) 42,168 509,811 * Fiat Chrysler Automobiles NV(BRJFWP3) 227,603 2,744,518 Fila SpA 442 9,756 FinecoBank Banca Fineco SpA 87,872 770,140 FNM SpA 37,047 23,556 * GEDI Gruppo Editoriale SpA 44,671 41,464 # Geox SpA 25,019 99,291 Gruppo MutuiOnline SpA 4,914 78,529 Hera SpA 236,632 765,171 * IMMSI SpA 84,673 45,900 Industria Macchine Automatiche SpA 3,521 349,006 Infrastrutture Wireless Italiane SpA 34,072 220,023 * Intek Group SpA 98,399 34,727 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- ITALY -- (Continued) Interpump Group SpA 17,064 $ 519,194 Intesa Sanpaolo SpA 873,942 3,008,482 Iren SpA 122,150 310,841 Italgas SpA 75,143 413,718 Italmobiliare SpA 1,680 47,728 * Juventus Football Club SpA 149,340 105,014 La Doria SpA 4,431 53,786 Leonardo SpA 110,299 1,922,106 Luxottica Group SpA 8,362 482,731 Maire Tecnimont SpA 24,395 136,861 MARR SpA 5,869 150,484 * Mediaset SpA 308,562 1,206,188 Mediobanca SpA 137,944 1,439,254 Moncler SpA 20,356 546,647 Nice SpA 5,275 22,472 OVS SpA 20,357 153,991 Panariagroup Industrie Ceramiche SpA 3,251 21,586 Parmalat SpA 102,276 370,635 Piaggio & C SpA 103,982 288,667 Prima Industrie SpA 1,431 44,597 Prysmian SpA 45,328 1,449,857 RAI Way SpA 5,843 32,155 Recordati SpA 19,414 828,697 Reply SpA 882 186,473 * Retelit SpA 46,396 71,227 * Rizzoli Corriere Della Sera Mediagroup SpA 7,943 11,407 Sabaf SpA 2,072 37,392 SAES Getters SpA 2,892 60,735 * Safilo Group SpA 14,091 108,039 * Saipem SpA 226,175 928,035 Salini Impregilo SpA 99,517 349,574 Salvatore Ferragamo SpA 6,735 195,223 Saras SpA 249,466 573,995 SAVE SpA 1,963 48,613 Servizi Italia SpA 2,633 13,593 * Snaitech SpA 41,063 79,457 Snam SpA 97,484 461,223 Societa Cattolica di Assicurazioni SCRL 67,710 585,514 Societa Iniziative Autostradali e Servizi SpA 24,963 343,489 * Sogefi SpA 33,393 169,379 SOL SpA 10,344 125,545 * Telecom Italia SpA 2,368,610 2,436,850 * Telecom Italia SpA Sponsored ADR 48,868 508,227 Tenaris SA ADR 8,006 252,509 Terna Rete Elettrica Nazionale SpA 183,955 1,050,890 * Tiscali SpA 763,357 36,555 Tod's SpA 5,252 364,870 * Trevi Finanziaria Industriale SpA 34,212 29,127 TXT e-solutions SpA 1,102 15,709 * UniCredit SpA 201,665 3,963,510 Unione di Banche Italiane SpA 381,114 1,841,190 Unipol Gruppo Finanziario SpA 174,446 816,701 UnipolSai Assicurazioni SpA 364,688 843,079 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- ITALY -- (Continued) Vittoria Assicurazioni SpA 9,979 $ 139,854 #* Yoox Net-A-Porter Group SpA 6,522 216,024 Zignago Vetro SpA 5,465 48,628 ----------- TOTAL ITALY 67,097,061 ----------- JAPAN -- (17.0%) 77 Bank, Ltd. (The) 140,000 721,787 A&D Co., Ltd. 5,400 22,438 ABC-Mart, Inc. 3,400 193,871 Achilles Corp. 5,600 98,651 * Acom Co., Ltd. 9,900 42,161 AD Works Co., Ltd. 62,800 26,768 Adastria Co., Ltd. 12,880 321,755 ADEKA Corp. 35,300 541,897 Advan Co., Ltd. 7,000 63,299 Advantest Corp. 19,900 364,180 Aeon Co., Ltd. 196,905 2,966,965 Aeon Delight Co., Ltd. 5,800 193,755 Aeon Fantasy Co., Ltd. 3,700 113,952 AEON Financial Service Co., Ltd. 32,800 713,896 Aeon Hokkaido Corp. 8,100 45,473 Aeon Mall Co., Ltd. 15,180 289,119 Ahresty Corp. 9,700 98,758 Ai Holdings Corp. 8,200 225,926 Aica Kogyo Co., Ltd. 14,800 474,938 Aichi Bank, Ltd. (The) 3,600 200,271 Aichi Corp. 11,300 80,087 Aichi Steel Corp. 4,200 175,776 Aichi Tokei Denki Co., Ltd. 700 24,034 Aida Engineering, Ltd. 24,000 242,747 Ain Holdings, Inc. 8,800 634,232 Air Water, Inc. 55,100 1,066,799 Airport Facilities Co., Ltd. 7,400 40,251 Aisan Industry Co., Ltd. 15,500 138,439 Aisan Technology Co., Ltd. 600 19,597 Aisin Seiki Co., Ltd. 41,862 2,176,363 Ajinomoto Co., Inc. 18,000 362,030 Ajis Co., Ltd. 1,100 22,279 * Akebono Brake Industry Co., Ltd. 38,100 126,021 Akita Bank, Ltd. (The) 63,000 182,048 Albis Co., Ltd. 2,100 87,673 Alconix Corp. 4,200 83,058 Alfresa Holdings Corp. 24,400 449,061 Alinco, Inc. 5,400 60,369 Alpen Co., Ltd. 8,700 159,011 Alpine Electronics, Inc. 18,100 330,001 Alps Electric Co., Ltd. 37,500 1,019,746 Alps Logistics Co., Ltd. 4,400 31,743 Altech Corp. 1,800 60,033 Amada Holdings Co., Ltd. 60,700 693,261 Amano Corp. 18,800 427,854 Amiyaki Tei Co., Ltd. 2,700 103,089 Amuse, Inc. 4,600 126,584 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) ANA Holdings, Inc. 51,000 $ 175,091 Anest Iwata Corp. 11,600 108,064 Anicom Holdings, Inc. 2,500 63,284 Anritsu Corp. 26,400 212,703 AOI TYO Holdings, Inc. 6,854 71,041 AOKI Holdings, Inc. 19,000 245,937 Aomori Bank, Ltd. (The) 81,000 283,367 Aoyama Trading Co., Ltd. 18,400 641,372 Aozora Bank, Ltd. 209,000 803,197 Apamanshop Holdings Co., Ltd. 2,200 15,839 * Apic Yamada Corp. 2,100 9,943 Arakawa Chemical Industries, Ltd. 5,200 91,360 Arata Corp. 2,500 88,397 Arcland Sakamoto Co., Ltd. 10,800 147,841 Arcland Service Holdings Co., Ltd. 2,600 45,237 Arcs Co., Ltd. 11,400 246,534 Ardepro Co., Ltd. 41,800 53,767 Ariake Japan Co., Ltd. 3,200 229,413 * Arrk Corp. 11,700 12,726 Artnature, Inc. 5,800 37,386 ArtSpark Holdings, Inc. 1,800 22,578 As One Corp. 2,400 119,890 Asahi Co., Ltd. 5,800 69,749 Asahi Diamond Industrial Co., Ltd. 19,300 145,963 Asahi Glass Co., Ltd. 32,800 1,380,534 Asahi Group Holdings, Ltd. 12,200 497,287 Asahi Holdings, Inc. 10,800 202,955 Asahi Intecc Co., Ltd. 4,600 206,564 Asahi Kasei Corp. 342,000 3,905,617 Asahi Kogyosha Co., Ltd. 1,900 57,262 Asahi Yukizai Corp. 16,000 38,122 Asante, Inc. 2,700 46,980 Asanuma Corp. 33,000 101,083 Asax Co., Ltd. 100 1,530 # Ashimori Industry Co., Ltd. 33,000 105,190 Asia Pile Holdings Corp. 7,800 52,866 Asics Corp. 20,200 367,188 ASKA Pharmaceutical Co., Ltd. 7,000 104,771 ASKUL Corp. 4,300 131,775 Astellas Pharma, Inc. 79,000 1,006,107 Asti Corp. 4,000 21,895 Asunaro Aoki Construction Co., Ltd. 6,600 56,619 Atom Corp. 11,200 80,046 Autobacs Seven Co., Ltd. 17,200 286,586 Avex Group Holdings, Inc. 16,400 215,661 Awa Bank, Ltd. (The) 91,000 597,661 Axial Retailing, Inc. 5,000 196,069 Azbil Corp. 11,400 450,320 Bandai Namco Holdings, Inc. 18,800 653,551 Bando Chemical Industries, Ltd. 14,000 143,245 Bank of Iwate, Ltd. (The) 6,500 253,009 Bank of Kochi, Ltd. (The) 13,000 14,845 Bank of Kyoto, Ltd. (The) 97,000 929,756 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Bank of Nagoya, Ltd. (The) 7,400 $ 272,218 Bank of Okinawa, Ltd. (The) 8,980 354,554 Bank of Saga, Ltd. (The) 59,000 139,551 Bank of the Ryukyus, Ltd. 11,700 167,003 Belc Co., Ltd. 3,900 177,152 Bell System24 Holdings, Inc. 12,600 141,489 Belluna Co., Ltd. 20,400 234,586 Benefit One, Inc. 1,600 64,975 Benesse Holdings, Inc. 13,300 509,016 Bic Camera, Inc. 31,500 365,599 Biofermin Pharmaceutical Co., Ltd. 1,100 30,521 BML, Inc. 9,100 187,211 Bookoff Corp. 3,500 25,654 BP Castrol K.K. 3,500 58,539 Br Holdings Corp. 3,500 12,588 Bridgestone Corp. 81,600 3,433,034 Broadband Tower, Inc. 8,600 20,839 Broadleaf Co., Ltd. 15,600 104,818 * Broadmedia Corp. 25,800 29,952 BRONCO BILLY Co., Ltd. 1,800 44,304 Brother Industries, Ltd. 74,000 1,888,071 Bunka Shutter Co., Ltd. 23,000 197,877 C Uyemura & Co., Ltd. 600 34,423 Calbee, Inc. 7,900 327,518 Can Do Co., Ltd. 4,300 66,544 Canon Electronics, Inc. 10,200 198,606 Canon Marketing Japan, Inc. 17,800 393,177 Canon, Inc. 46,300 1,610,815 Canon, Inc. Sponsored ADR 9,399 328,307 Capcom Co., Ltd. 13,800 341,828 Career Design Center Co., Ltd. 1,300 16,185 Carlit Holdings Co., Ltd. 3,900 22,672 Casio Computer Co., Ltd. 32,900 538,915 Cawachi, Ltd. 6,400 157,959 Central Glass Co., Ltd. 80,000 350,997 Central Japan Railway Co. 3,700 595,430 Central Security Patrols Co., Ltd. 1,900 34,922 Central Sports Co., Ltd. 2,900 123,106 Chiba Bank, Ltd. (The) 91,000 652,875 Chiba Kogyo Bank, Ltd. (The) 19,200 99,014 CHIMNEY Co., Ltd. 700 17,854 Chino Corp. 1,000 11,334 Chiyoda Co., Ltd. 5,100 132,880 Chiyoda Integre Co., Ltd. 5,200 111,679 Chori Co., Ltd. 3,500 64,863 Chubu Electric Power Co., Inc. 35,600 467,782 Chubu Shiryo Co., Ltd. 8,200 118,272 Chuetsu Pulp & Paper Co., Ltd. 44,000 91,744 Chugai Pharmaceutical Co., Ltd. 1,500 60,156 Chugai Ro Co., Ltd. 20,000 39,713 Chugoku Bank, Ltd. (The) 65,000 942,187 Chugoku Electric Power Co., Inc. (The) 15,000 164,444 Chugoku Marine Paints, Ltd. 25,000 194,250 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Chukyo Bank, Ltd. (The) 5,800 $ 122,091 CI Takiron Corp. 19,000 103,485 Ci:z Holdings Co., Ltd. 4,800 172,613 Citizen Watch Co., Ltd. 108,700 808,203 CKD Corp. 23,300 390,378 Clarion Co., Ltd. 73,000 276,262 Cleanup Corp. 7,500 60,384 CMIC Holdings Co., Ltd. 6,200 86,113 CMK Corp. 22,600 202,040 Coca-Cola Bottlers Japan, Inc. 32,714 986,700 Coco's Japan Co., Ltd. 1,100 21,453 Cocokara fine, Inc. 5,000 261,284 COLOPL, Inc. 20,800 233,269 Colowide Co., Ltd. 12,500 217,032 Computer Engineering & Consulting, Ltd. 6,400 124,134 COMSYS Holdings Corp. 24,500 501,920 Concordia Financial Group, Ltd. 142,624 719,209 CONEXIO Corp. 6,300 103,761 COOKPAD, Inc. 8,700 74,508 Cosmo Energy Holdings Co., Ltd. 22,100 382,934 Cosmos Initia Co., Ltd. 2,200 8,836 Cosmos Pharmaceutical Corp. 900 191,605 CRE, Inc. 1,900 26,479 Create Restaurants Holdings, Inc. 9,600 98,111 Create SD Holdings Co., Ltd. 9,000 227,724 Credit Saison Co., Ltd. 42,100 810,908 Creek & River Co., Ltd. 2,500 30,882 Cresco, Ltd. 2,000 65,483 CROOZ, Inc. 1,200 31,236 CTI Engineering Co., Ltd. 4,800 47,972 CTS Co., Ltd. 2,800 18,381 CyberAgent, Inc. 9,000 277,966 #* CYBERDYNE, Inc. 1,600 21,771 D.A. Consortium Holdings, Inc. 5,100 66,516 Dai Nippon Printing Co., Ltd. 71,000 783,140 Dai Nippon Toryo Co., Ltd. 43,000 119,644 Dai-Dan Co., Ltd. 9,000 123,196 Dai-ichi Life Holdings, Inc. 89,200 1,540,840 Dai-ichi Seiko Co., Ltd. 3,500 78,119 Daibiru Corp. 20,300 228,756 Daicel Corp. 75,000 974,858 Daido Kogyo Co., Ltd. 11,553 35,281 Daido Metal Co., Ltd. 14,000 125,484 Daido Steel Co., Ltd. 120,000 730,283 Daifuku Co., Ltd. 22,700 783,966 Daihatsu Diesel Manufacturing Co., Ltd. 3,000 19,427 Daihen Corp. 44,000 392,252 Daiho Corp. 32,000 154,646 Daiichi Jitsugyo Co., Ltd. 20,000 116,049 Daiichi Kigenso Kagaku-Kogyo Co., Ltd. 6,000 72,395 Daiichi Sankyo Co., Ltd. 22,200 484,161 Daiichikosho Co., Ltd. 11,000 529,788 Daiken Corp. 4,000 97,999 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Daiken Medical Co., Ltd. 1,200 $ 8,583 Daiki Aluminium Industry Co., Ltd. 10,000 61,438 Daikin Industries, Ltd. 9,000 952,860 Daikoku Denki Co., Ltd. 5,500 85,490 Daikokutenbussan Co., Ltd. 1,800 89,260 * Daikokuya Holdings Co., Ltd. 18,700 14,066 Daikyo, Inc. 138,000 289,055 Daikyonishikawa Corp. 15,800 235,984 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 27,000 225,687 Daio Paper Corp. 30,000 389,554 Daisan Bank, Ltd. (The) 5,700 88,633 Daiseki Co., Ltd. 11,600 275,500 Daiseki Eco. Solution Co., Ltd. 3,240 42,000 Daishi Bank, Ltd. (The) 109,000 499,534 Daisyo Corp. 1,500 24,406 Daito Pharmaceutical Co., Ltd. 5,280 140,881 Daito Trust Construction Co., Ltd. 4,700 794,410 Daitron Co., Ltd. 1,700 24,154 Daiwa House Industry Co., Ltd. 46,000 1,604,543 Daiwa Securities Group, Inc. 283,000 1,629,884 Daiwabo Holdings Co., Ltd. 85,000 334,508 DCM Holdings Co., Ltd. 40,300 350,947 Dena Co., Ltd. 20,300 445,973 Denka Co., Ltd. 179,000 994,099 Denso Corp. 25,900 1,243,858 Dentsu, Inc. 8,700 406,792 Denyo Co., Ltd. 5,400 94,947 Descente, Ltd. 14,700 213,584 Dexerials Corp. 10,000 120,851 DIC Corp. 36,700 1,384,266 Digital Arts, Inc. 600 20,464 Dip Corp. 5,300 111,807 Disco Corp. 3,300 584,873 DKS Co., Ltd. 21,000 101,452 DMG Mori Co., Ltd. 42,900 711,651 Don Quijote Holdings Co., Ltd. 6,400 232,440 Doshisha Co., Ltd. 8,700 175,266 Doutor Nichires Holdings Co., Ltd. 8,000 176,807 Dowa Holdings Co., Ltd. 100,000 807,335 Dream Incubator, Inc. 2,700 53,054 DTS Corp. 7,300 222,847 Dunlop Sports Co., Ltd. 5,400 55,086 Dvx, Inc. 2,900 33,107 Eagle Industry Co., Ltd. 11,700 203,630 Earth Chemical Co., Ltd. 1,700 94,310 East Japan Railway Co. 8,700 815,906 Ebara Corp. 35,400 1,035,592 Ebara Jitsugyo Co., Ltd. 2,200 31,212 Eco's Co., Ltd. 4,300 43,488 EDION Corp. 36,700 338,138 EF-ON, Inc. 3,200 28,904 eGuarantee, Inc. 1,000 23,522 Ehime Bank, Ltd. (The) 15,400 194,604 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Eidai Co., Ltd. 7,000 $ 33,061 Eighteenth Bank, Ltd. (The) 50,000 133,081 Eiken Chemical Co., Ltd. 6,200 205,278 Eisai Co., Ltd. 2,400 128,620 Elecom Co., Ltd. 7,400 159,687 Electric Power Development Co., Ltd. 6,900 174,829 Elematec Corp. 4,552 82,576 EM Systems Co., Ltd. 2,000 46,296 en-japan, Inc. 5,600 160,570 Endo Lighting Corp. 3,500 39,595 * Eneres Co., Ltd. 6,800 31,190 * Enigmo, Inc. 800 11,993 Enplas Corp. 5,400 222,230 EPS Holdings, Inc. 11,100 182,044 # eRex Co., Ltd. 5,100 44,907 ES-Con Japan, Ltd. 16,900 81,216 ESPEC Corp. 9,800 167,412 Excel Co., Ltd. 5,400 70,315 Exedy Corp. 13,300 416,249 Ezaki Glico Co., Ltd. 9,000 473,225 F-Tech, Inc. 3,500 48,427 F@N Communications, Inc. 10,300 94,311 Falco Holdings Co., Ltd. 2,300 32,189 FamilyMart UNY Holdings Co., Ltd. 14,371 804,858 Fancl Corp. 7,900 170,024 FANUC Corp. 2,900 592,919 Fast Retailing Co., Ltd. 1,500 450,073 FCC Co., Ltd. 14,500 317,082 #* FDK Corp. 21,000 28,094 Feed One Co., Ltd. 44,980 98,735 Ferrotec Holdings Corp. 13,000 192,907 FIDEA Holdings Co., Ltd. 76,000 124,606 Fields Corp. 6,700 71,189 Financial Products Group Co., Ltd. 14,000 158,471 FINDEX, Inc. 4,200 35,791 Fixstars Corp. 900 29,670 FJ Next Co., Ltd. 6,300 50,727 * Flight Holdings, Inc. 2,000 17,194 Foster Electric Co., Ltd. 11,200 219,914 FP Corp. 8,900 486,904 France Bed Holdings Co., Ltd. 5,400 49,175 # Freebit Co., Ltd. 5,200 42,100 Freund Corp. 3,900 55,884 FTGroup Co., Ltd. 4,600 41,185 Fudo Tetra Corp. 68,700 113,414 Fuji Co., Ltd. 6,100 151,863 Fuji Corp. 1,700 31,388 Fuji Corp., Ltd. 11,200 75,960 Fuji Electric Co., Ltd. 157,000 864,405 Fuji Furukawa Engineering & Construction Co., Ltd. 1,000 3,427 Fuji Kiko Co., Ltd. 4,000 26,652 Fuji Kyuko Co., Ltd. 9,000 94,736 Fuji Oil Co., Ltd. 28,000 85,337 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Fuji Oil Holdings, Inc. 21,200 $ 500,891 Fuji Pharma Co., Ltd. 3,100 106,000 Fuji Seal International, Inc. 14,500 406,898 Fuji Soft, Inc. 9,700 278,373 Fujibo Holdings, Inc. 3,800 115,295 Fujicco Co., Ltd. 4,000 96,960 FUJIFILM Holdings Corp. 16,300 599,161 Fujikura Kasei Co., Ltd. 10,700 62,907 Fujikura Rubber, Ltd. 7,500 47,530 Fujikura, Ltd. 121,200 1,020,414 Fujimi, Inc. 9,600 216,648 Fujimori Kogyo Co., Ltd. 6,000 178,754 Fujisash Co., Ltd. 55,900 57,655 Fujita Kanko, Inc. 3,000 108,516 Fujitec Co., Ltd. 20,300 280,040 Fujitsu Frontech, Ltd. 5,600 106,657 Fujitsu General, Ltd. 18,000 379,949 Fujitsu, Ltd. 407,500 3,034,542 Fujiya Co., Ltd. 2,400 53,885 FuKoKu Co., Ltd. 1,400 13,275 Fukuda Corp. 2,000 91,737 Fukuda Denshi Co., Ltd. 1,500 111,506 Fukui Bank, Ltd. (The) 88,000 214,456 Fukuoka Financial Group, Inc. 220,400 1,016,117 Fukushima Bank, Ltd. (The) 120,000 94,605 Fukushima Industries Corp. 5,200 215,918 Fukuyama Transporting Co., Ltd. 56,000 357,672 FULLCAST Holdings Co., Ltd. 6,800 85,597 Fumakilla, Ltd. 5,000 53,520 Funai Soken Holdings, Inc. 4,440 115,671 Furukawa Battery Co., Ltd. (The) 3,000 25,069 Furukawa Co., Ltd. 73,000 135,433 Furukawa Electric Co., Ltd. 28,100 1,268,124 Furuno Electric Co., Ltd. 6,600 39,528 Furusato Industries, Ltd. 1,500 23,877 Furuya Metal Co., Ltd. 100 2,457 Furyu Corp. 4,900 56,411 Fuso Chemical Co., Ltd. 5,600 186,564 Fuso Pharmaceutical Industries, Ltd. 3,000 75,515 Futaba Industrial Co., Ltd. 28,900 299,436 Future Corp. 15,100 122,135 Fuyo General Lease Co., Ltd. 7,700 451,424 G-7 Holdings, Inc. 3,000 63,101 G-Tekt Corp. 7,800 150,955 Gakken Holdings Co., Ltd. 2,100 62,449 GCA Corp. 10,800 95,826 Gecoss Corp. 7,400 83,820 Genky Stores, Inc. 5,000 186,371 Geo Holdings Corp. 12,700 138,854 Gfoot Co., Ltd. 6,100 45,051 Giken, Ltd. 2,800 74,730 GL Sciences, Inc. 1,000 12,205 GLOBERIDE, Inc. 2,800 48,468 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Glory, Ltd. 15,800 $ 526,144 GMO internet, Inc. 16,400 211,500 # GMO Payment Gateway, Inc. 3,800 224,150 Godo Steel, Ltd. 5,700 108,604 Gokurakuyu Holdings Co., Ltd. 6,900 50,400 Goldcrest Co., Ltd. 8,910 198,476 Golf Digest Online, Inc. 6,700 49,670 GS Yuasa Corp. 135,000 637,168 GSI Creos Corp. 29,000 38,650 GungHo Online Entertainment, Inc. 55,900 151,035 Gunma Bank, Ltd. (The) 153,000 896,421 Gunze, Ltd. 58,000 223,815 Gurunavi, Inc. 5,600 91,607 H-One Co., Ltd. 7,000 80,272 H2O Retailing Corp. 34,725 568,209 HABA Laboratories, Inc. 500 16,789 Hachijuni Bank, Ltd. (The) 118,000 749,165 Hagihara Industries, Inc. 1,800 51,644 Hagiwara Electric Co., Ltd. 2,600 55,563 Hakudo Co., Ltd. 2,800 46,108 Hakuhodo DY Holdings, Inc. 37,500 526,303 Hakuto Co., Ltd. 5,400 72,818 Halows Co., Ltd. 2,000 43,222 Hamakyorex Co., Ltd. 8,400 222,099 Hamamatsu Photonics K.K. 10,100 321,044 Haneda Zenith Holdings Co., Ltd. 8,900 27,726 Hankyu Hanshin Holdings, Inc. 37,800 1,349,138 Hanwa Co., Ltd. 71,000 507,767 Happinet Corp. 8,600 155,153 Hard Off Corp. Co., Ltd. 2,400 24,885 Harima Chemicals Group, Inc. 700 6,803 Harmonic Drive Systems, Inc. 3,100 133,905 Haseko Corp. 53,600 671,106 Havix Corp. 1,800 17,987 Hayashikane Sangyo Co., Ltd. 3,600 28,050 Hazama Ando Corp. 66,620 459,713 Hearts United Group Co., Ltd. 1,900 29,729 Heiwa Corp. 17,700 389,390 Heiwa Real Estate Co., Ltd. 13,700 214,863 Heiwado Co., Ltd. 12,100 274,961 HI-LEX Corp. 4,200 109,776 Hibiya Engineering, Ltd. 6,000 109,714 Hiday Hidaka Corp. 5,971 159,377 Hikari Tsushin, Inc. 4,000 436,797 Hino Motors, Ltd. 40,300 474,319 Hioki EE Corp. 2,200 44,549 Hirakawa Hewtech Corp. 1,000 13,689 Hiramatsu, Inc. 4,800 26,823 Hirata Corp. 500 56,583 Hirose Electric Co., Ltd. 700 95,318 Hiroshima Bank, Ltd. (The) 116,000 495,871 Hiroshima Gas Co., Ltd. 10,500 33,701 HIS Co., Ltd. 16,500 507,323 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Hisamitsu Pharmaceutical Co., Inc. 1,300 $ 60,944 Hitachi Capital Corp. 23,700 563,813 Hitachi Chemical Co., Ltd. 26,600 756,231 Hitachi Construction Machinery Co., Ltd. 38,000 1,087,831 Hitachi High-Technologies Corp. 13,900 511,643 Hitachi Kokusai Electric, Inc. 21,000 541,368 Hitachi Maxell, Ltd. 13,300 294,294 Hitachi Metals, Ltd. 48,410 673,775 Hitachi Transport System, Ltd. 18,500 425,826 Hitachi Zosen Corp. 69,500 365,846 Hitachi, Ltd. 727,000 5,001,625 # Hitachi, Ltd. ADR 10,080 696,427 Hito Communications, Inc. 3,400 53,735 Hochiki Corp. 8,900 153,016 Hodogaya Chemical Co., Ltd. 2,800 120,160 Hogy Medical Co., Ltd. 3,500 255,449 Hokkaido Electric Power Co., Inc. 40,100 301,994 Hokkaido Gas Co., Ltd. 22,000 54,881 Hokkan Holdings, Ltd. 15,000 57,659 Hokko Chemical Industry Co., Ltd. 7,000 38,167 Hokkoku Bank, Ltd. (The) 112,000 452,638 Hokuetsu Bank, Ltd. (The) 7,900 187,540 Hokuetsu Industries Co., Ltd. 7,000 60,897 Hokuetsu Kishu Paper Co., Ltd. 52,100 365,583 Hokuhoku Financial Group, Inc. 47,200 767,304 Hokuriku Electric Industry Co., Ltd. 25,000 36,944 Hokuriku Electric Power Co. 35,400 327,747 Hokuriku Electrical Construction Co., Ltd. 3,900 33,539 Hokuto Corp. 7,500 133,820 Honda Motor Co., Ltd. 161,500 4,520,683 Honda Motor Co., Ltd. Sponsored ADR 37,467 1,049,825 Honda Tsushin Kogyo Co., Ltd. 1,200 18,848 Honeys Holdings Co., Ltd. 5,500 62,125 Hoosiers Holdings 11,900 119,323 Horiba, Ltd. 9,500 581,931 Hoshizaki Corp. 4,100 396,866 Hosokawa Micron Corp. 3,600 174,901 House Foods Group, Inc. 9,300 240,074 Howa Machinery, Ltd. 4,600 33,974 Hoya Corp. 16,300 919,107 Hulic Co., Ltd. 12,200 128,815 Hyakugo Bank, Ltd. (The) 108,000 435,470 Hyakujushi Bank, Ltd. (The) 98,000 317,899 I K K, Inc. 2,500 18,803 I-Net Corp. 3,630 41,981 Ibiden Co., Ltd. 44,500 772,276 IBJ Leasing Co., Ltd. 11,800 280,724 IBJ, Inc. 4,300 27,703 Ichibanya Co., Ltd. 2,100 74,796 Ichigo, Inc. 55,100 168,291 Ichiken Co., Ltd. 11,000 40,797 Ichikoh Industries, Ltd. 24,000 188,136 Ichinen Holdings Co., Ltd. 5,400 63,344 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Ichiyoshi Securities Co., Ltd. 16,900 $ 151,529 Idec Corp. 6,400 106,716 Idemitsu Kosan Co., Ltd. 27,500 667,466 IDOM, Inc. 24,500 162,279 * IGNIS, Ltd. 500 19,630 * IHI Corp. 463,000 1,526,023 Iida Group Holdings Co., Ltd. 24,616 420,592 Iino Kaiun Kaisha, Ltd. 42,200 194,040 IJT Technology Holdings Co., Ltd. 3,000 16,963 Ikegami Tsushinki Co., Ltd. 36,000 52,186 Imagica Robot Holdings, Inc. 7,800 49,474 Imasen Electric Industrial 6,800 76,135 Imperial Hotel, Ltd. 600 11,719 Imuraya Group Co., Ltd. 800 16,637 Inaba Denki Sangyo Co., Ltd. 10,500 413,569 Inabata & Co., Ltd. 16,800 236,152 Inageya Co., Ltd. 5,200 81,833 Ines Corp. 8,100 76,949 Infocom Corp. 4,900 119,880 Infomart Corp. 2,400 17,620 Information Services International-Dentsu, Ltd. 5,400 122,430 Innotech Corp. 9,600 65,395 Intage Holdings, Inc. 6,200 126,711 Internet Initiative Japan, Inc. 12,400 224,177 Inui Global Logistics Co., Ltd. 1,800 13,794 Iriso Electronics Co., Ltd. 3,200 275,419 Ise Chemicals Corp. 3,000 13,427 Iseki & Co., Ltd. 8,000 166,395 Isetan Mitsukoshi Holdings, Ltd. 85,900 837,107 * Ishihara Sangyo Kaisha, Ltd. 13,900 152,272 Isuzu Motors, Ltd. 127,800 1,752,418 Ito En, Ltd. 9,800 362,388 ITOCHU Corp. 68,500 1,074,183 Itochu Enex Co., Ltd. 20,000 179,973 Itochu Techno-Solutions Corp. 11,200 390,002 Itochu-Shokuhin Co., Ltd. 1,400 58,145 Itoham Yonekyu Holdings, Inc. 20,468 190,372 Itoki Corp. 15,800 128,346 IwaiCosmo Holdings, Inc. 7,200 84,438 Iwaki & Co., Ltd. 5,000 18,577 Iwasaki Electric Co., Ltd. 37,000 71,538 Iwatani Corp. 73,000 473,241 Iyo Bank, Ltd. (The) 85,143 695,197 Izumi Co., Ltd. 6,200 323,459 * Izutsuya Co., Ltd. 7,100 28,783 J Front Retailing Co., Ltd. 68,000 971,877 J Trust Co., Ltd. 27,100 216,026 J-Oil Mills, Inc. 4,500 157,056 JAC Recruitment Co., Ltd. 3,100 50,582 Jaccs Co., Ltd. 55,000 257,854 Jalux, Inc. 2,600 65,552 Jamco Corp. 4,800 121,677 Janome Sewing Machine Co., Ltd. 8,100 66,004 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Japan Airlines Co., Ltd. 14,900 $ 481,410 Japan Airport Terminal Co., Ltd. 7,200 266,880 Japan Asia Group, Ltd. 9,300 36,191 * Japan Asset Marketing Co., Ltd. 22,200 26,155 Japan Aviation Electronics Industry, Ltd. 21,000 331,781 Japan Cash Machine Co., Ltd. 10,100 108,996 #* Japan Display, Inc. 164,600 294,586 * Japan Drilling Co., Ltd. 5,400 103,467 Japan Exchange Group, Inc. 31,800 570,724 Japan Lifeline Co., Ltd. 3,600 165,498 Japan Material Co., Ltd. 3,800 74,370 Japan Medical Dynamic Marketing, Inc. 6,200 55,313 Japan Property Management Center Co., Ltd. 2,900 38,734 Japan Pulp & Paper Co., Ltd. 38,000 145,390 Japan Radio Co., Ltd. 6,000 77,476 Japan Securities Finance Co., Ltd. 44,800 224,904 Japan Steel Works, Ltd. (The) 25,000 412,880 Japan Tobacco, Inc. 30,000 1,042,474 Japan Transcity Corp. 10,000 38,675 Japan Wool Textile Co., Ltd. (The) 25,000 214,181 JBCC Holdings, Inc. 2,800 23,580 JCU Corp. 5,000 183,474 Jeol, Ltd. 40,000 218,038 JFE Holdings, Inc. 79,832 1,539,840 JGC Corp. 38,700 619,939 * JIG-SAW, Inc. 600 34,573 Jimoto Holdings, Inc. 9,000 16,070 JINS, Inc. 3,200 194,868 JK Holdings Co., Ltd. 3,900 24,748 JMS Co., Ltd. 5,000 14,918 Joban Kosan Co., Ltd. 900 14,782 Joshin Denki Co., Ltd. 16,000 225,113 JP-Holdings, Inc. 16,300 41,831 JSP Corp. 5,400 170,633 JSR Corp. 39,700 699,594 JTEKT Corp. 47,100 670,409 Juki Corp. 15,100 228,419 Juroku Bank, Ltd. (The) 136,000 431,154 Justsystems Corp. 8,400 129,295 JVC Kenwood Corp. 47,000 136,850 JXTG Holdings, Inc. 521,768 2,319,271 K's Holdings Corp. 25,360 509,122 kabu.com Securities Co., Ltd. 52,000 168,694 * Kadokawa Dwango 14,943 197,405 Kaga Electronics Co., Ltd. 8,000 176,463 Kajima Corp. 130,000 1,133,553 Kakaku.com, Inc. 19,300 272,686 Kaken Pharmaceutical Co., Ltd. 6,000 319,358 Kakiyasu Honten Co., Ltd. 1,200 21,369 Kameda Seika Co., Ltd. 3,700 184,878 Kamei Corp. 10,900 155,784 Kamigumi Co., Ltd. 63,000 675,177 Kanaden Corp. 4,200 44,705 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kanagawa Chuo Kotsu Co., Ltd. 10,000 $ 66,038 Kanamoto Co., Ltd. 12,500 448,116 Kandenko Co., Ltd. 37,000 395,980 Kaneka Corp. 83,000 665,092 Kaneko Seeds Co., Ltd. 1,000 13,074 Kanematsu Corp. 158,000 345,282 Kanematsu Electronics, Ltd. 1,800 53,298 Kansai Electric Power Co., Inc. (The) 35,700 479,348 Kansai Paint Co., Ltd. 17,000 388,852 Kansai Super Market, Ltd. 2,500 33,676 Kansai Urban Banking Corp. 11,500 147,437 Kanto Denka Kogyo Co., Ltd. 18,000 164,155 Kao Corp. 13,800 840,206 * Kappa Create Co., Ltd. 2,900 33,712 Kasai Kogyo Co., Ltd. 13,400 174,431 Kato Sangyo Co., Ltd. 10,300 277,434 Kato Works Co., Ltd. 4,200 135,109 KAWADA TECHNOLOGIES, Inc. 1,700 116,732 Kawagishi Bridge Works Co., Ltd. 4,000 33,539 Kawai Musical Instruments Manufacturing Co., Ltd. 4,300 89,594 Kawasaki Heavy Industries, Ltd. 302,000 961,537 * Kawasaki Kisen Kaisha, Ltd. 360,000 893,829 KDDI Corp. 65,400 1,732,902 Keihan Holdings Co., Ltd. 126,000 815,192 Keihanshin Building Co., Ltd. 12,700 80,378 Keihin Co., Ltd. 29,000 42,320 Keihin Corp. 18,300 263,317 Keikyu Corp. 23,000 266,930 Keio Corp. 30,000 251,229 Keisei Electric Railway Co., Ltd. 14,800 405,003 Keiyo Bank, Ltd. (The) 99,000 418,856 Keiyo Co., Ltd. 9,500 65,993 Kenedix, Inc. 53,600 274,418 Kenko Mayonnaise Co., Ltd. 6,200 174,262 Kewpie Corp. 17,800 447,733 Key Coffee, Inc. 4,400 87,101 Keyence Corp. 904 417,570 KFC Holdings Japan, Ltd. 6,700 121,268 * KI Holdings Co., Ltd. 2,000 5,257 Ki-Star Real Estate Co., Ltd. 2,900 52,778 Kikkoman Corp. 10,000 306,274 Kinden Corp. 34,300 533,896 King Jim Co., Ltd. 1,800 16,686 * Kinki Sharyo Co., Ltd. (The) 900 20,942 * Kintetsu Department Store Co., Ltd. 8,000 26,608 Kintetsu Group Holdings Co., Ltd. 86,000 329,787 Kintetsu World Express, Inc. 15,800 276,690 Kirin Holdings Co., Ltd. 83,740 1,844,269 Kita-Nippon Bank, Ltd. (The) 2,800 80,298 Kitagawa Iron Works Co., Ltd. 4,400 94,049 Kitano Construction Corp. 18,000 62,334 Kito Corp. 8,500 98,320 Kitz Corp. 32,800 293,507 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kiyo Bank, Ltd. (The) 29,200 $ 488,343 #* KLab, Inc. 15,600 265,366 * KNT-CT Holdings Co., Ltd. 44,000 73,640 Koa Corp. 14,500 255,790 Koatsu Gas Kogyo Co., Ltd. 8,000 59,443 Kobayashi Pharmaceutical Co., Ltd. 5,200 323,185 Kobe Bussan Co., Ltd. 3,100 153,627 * Kobe Electric Railway Co., Ltd. 10,000 36,551 * Kobe Steel, Ltd. 71,600 895,574 Kohnan Shoji Co., Ltd. 11,700 213,368 Kohsoku Corp. 2,200 21,851 Koito Manufacturing Co., Ltd. 19,000 1,109,906 * Kojima Co., Ltd. 13,400 44,594 Kokusai Co., Ltd. 3,100 32,171 Kokuyo Co., Ltd. 34,200 544,601 KOMAIHALTEC, Inc. 1,200 24,716 Komatsu Wall Industry Co., Ltd. 3,200 60,295 Komatsu, Ltd. 57,300 1,536,645 Komehyo Co., Ltd. 3,500 41,342 Komeri Co., Ltd. 12,800 374,495 Konaka Co., Ltd. 7,400 39,921 Konami Holdings Corp. 14,600 761,447 Kondotec, Inc. 4,500 40,954 Konica Minolta, Inc. 122,200 1,012,207 Konishi Co., Ltd. 12,400 189,431 Konoike Transport Co., Ltd. 11,000 149,812 Konoshima Chemical Co., Ltd. 1,200 19,512 Kose Corp. 2,600 289,332 Kosei Securities Co., Ltd. (The) 9,000 13,048 Koshidaka Holdings Co., Ltd. 2,200 59,682 Kotobuki Spirits Co., Ltd. 1,900 70,127 Kourakuen Holdings Corp. 3,500 55,855 Krosaki Harima Corp. 29,000 127,004 KRS Corp. 2,700 73,214 Kubota Corp. 19,000 329,937 Kubota Corp. Sponsored ADR 4,000 350,160 Kumagai Gumi Co., Ltd. 166,000 574,991 Kumiai Chemical Industry Co., Ltd. 28,170 163,801 Kura Corp. 4,200 211,213 Kurabo Industries, Ltd. 76,000 197,243 Kuraray Co., Ltd. 98,700 1,918,869 Kureha Corp. 6,000 301,724 Kurimoto, Ltd. 5,100 95,549 Kurita Water Industries, Ltd. 22,000 625,908 Kuriyama Holdings Corp. 4,200 82,166 Kuroda Electric Co., Ltd. 16,200 309,737 Kusuri no Aoki Holdings Co., Ltd. 3,600 198,128 KYB Corp. 79,000 445,880 Kyocera Corp. Sponsored ADR 3,006 183,637 Kyodo Printing Co., Ltd. 29,000 101,490 Kyoei Steel, Ltd. 8,300 128,091 Kyokuto Boeki Kaisha, Ltd. 16,000 41,198 Kyokuto Kaihatsu Kogyo Co., Ltd. 11,000 184,157 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kyokuto Securities Co., Ltd. 6,600 $ 92,846 Kyokuyo Co., Ltd. 2,400 67,561 KYORIN Holdings, Inc. 10,600 226,273 Kyoritsu Maintenance Co., Ltd. 11,020 314,642 Kyoritsu Printing Co., Ltd. 3,500 11,109 Kyosan Electric Manufacturing Co., Ltd. 12,000 66,845 Kyowa Exeo Corp. 30,500 520,738 Kyowa Hakko Kirin Co., Ltd. 17,200 311,496 Kyowa Leather Cloth Co., Ltd. 3,700 31,917 Kyudenko Corp. 15,000 565,762 Kyushu Electric Power Co., Inc. 19,000 225,000 Kyushu Financial Group, Inc. 99,050 621,512 LAC Co., Ltd. 3,800 46,562 Lacto Japan Co., Ltd. 500 19,764 * Laox Co., Ltd. 13,100 63,650 Lasertec Corp. 15,000 223,648 Lawson, Inc. 3,300 224,658 LEC, Inc. 2,800 68,544 Leopalace21 Corp. 98,300 700,986 Life Corp. 7,400 195,949 LIFULL Co., Ltd. 13,000 103,804 Like Co., Ltd. 800 26,106 Lintec Corp. 16,400 398,136 Lion Corp. 36,000 770,587 LIXIL Group Corp. 43,000 1,106,615 Lonseal Corp. 400 9,558 Look, Inc. 15,000 37,670 M3, Inc. 8,600 231,986 Mabuchi Motor Co., Ltd. 2,700 142,290 Macnica Fuji Electronics Holdings, Inc. 13,850 220,807 Maeda Corp. 54,000 652,904 Maeda Kosen Co., Ltd. 5,900 86,567 Maeda Road Construction Co., Ltd. 18,000 371,639 Makino Milling Machine Co., Ltd. 41,000 346,255 Makita Corp. 14,200 555,440 Makita Corp. Sponsored ADR 1,936 75,523 Mamezou Holdings Co., Ltd. 6,100 54,820 Mamiya-Op Co., Ltd. 800 8,824 Mandom Corp. 3,000 165,823 Mani, Inc. 5,600 133,102 Marubeni Corp. 264,400 1,752,040 Marubun Corp. 4,300 32,888 Marudai Food Co., Ltd. 49,000 232,406 Marufuji Sheet Piling Co., Ltd. 3,000 7,809 Maruha Nichiro Corp. 17,600 480,302 Marui Group Co., Ltd. 18,200 247,516 Maruichi Steel Tube, Ltd. 10,800 333,330 Maruka Machinery Co., Ltd. 2,500 41,950 Marusan Securities Co., Ltd. 8,700 73,456 Maruwa Co., Ltd. 3,400 165,056 Maruwa Unyu Kikan Co., Ltd. 2,600 94,879 Maruyama Manufacturing Co., Inc. 1,400 23,562 * Maruzen CHI Holdings Co., Ltd. 3,700 11,818 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Maruzen Showa Unyu Co., Ltd. 20,000 $ 87,049 Marvelous, Inc. 6,100 56,995 Matsuda Sangyo Co., Ltd. 5,700 77,363 Matsui Construction Co., Ltd. 7,200 61,600 Matsui Securities Co., Ltd. 11,700 95,761 Matsumotokiyoshi Holdings Co., Ltd. 9,800 604,324 Matsuya Co., Ltd. 5,100 42,885 Matsuya Foods Co., Ltd. 3,800 143,876 Max Co., Ltd. 12,000 164,164 Maxvalu Tokai Co., Ltd. 1,600 30,410 Mazda Motor Corp. 134,900 2,027,923 McDonald's Holdings Co. Japan, Ltd. 1,300 52,826 MCJ Co., Ltd. 7,700 90,973 Mebuki Financial Group, Inc. 248,650 957,183 MEC Co., Ltd. 6,900 85,412 Medical System Network Co., Ltd. 10,600 46,300 Medipal Holdings Corp. 40,700 744,787 Megachips Corp. 2,900 77,350 * Meganesuper Co., Ltd. 58,900 36,374 Megmilk Snow Brand Co., Ltd. 17,800 492,124 Meidensha Corp. 87,000 309,109 Meiji Electric Industries Co., Ltd. 1,200 16,289 MEIJI Holdings Co., Ltd. 9,774 778,923 Meiji Shipping Co., Ltd. 7,600 27,916 Meiko Electronics Co., Ltd. 9,600 143,973 Meiko Network Japan Co., Ltd. 7,400 105,654 Meisei Industrial Co., Ltd. 14,100 91,383 Meitec Corp. 5,000 234,334 Meiwa Corp. 3,900 15,475 Meiwa Estate Co., Ltd. 4,600 34,156 Menicon Co., Ltd. 4,100 134,238 METAWATER Co., Ltd. 4,700 129,975 Michinoku Bank, Ltd. (The) 75,000 127,054 Micronics Japan Co., Ltd. 9,200 97,431 Mie Bank, Ltd. (The) 4,900 109,702 Mie Kotsu Group Holdings, Inc. 2,300 8,653 Mikuni Corp. 7,500 33,530 Milbon Co., Ltd. 1,696 98,888 Mimaki Engineering Co., Ltd. 5,200 41,374 Mimasu Semiconductor Industry Co., Ltd. 8,400 134,836 Minato Bank, Ltd. (The) 7,900 144,638 Minebea Mitsumi, Inc. 115,375 1,900,839 Ministop Co., Ltd. 6,400 140,808 Miraca Holdings, Inc. 15,200 693,612 Mirait Holdings Corp. 21,780 255,361 Miroku Jyoho Service Co., Ltd. 2,600 54,774 Misawa Homes Co., Ltd. 10,500 96,365 MISUMI Group, Inc. 19,500 483,596 Mitani Corp. 3,700 145,941 Mitani Sekisan Co., Ltd. 1,200 28,239 Mito Securities Co., Ltd. 29,500 82,012 Mitsuba Corp. 16,600 289,443 Mitsubishi Chemical Holdings Corp. 434,200 3,635,234 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- JAPAN -- (Continued) Mitsubishi Corp. 90,400 $1,962,784 Mitsubishi Electric Corp. 147,000 2,275,661 Mitsubishi Estate Co., Ltd. 21,000 381,842 Mitsubishi Gas Chemical Co., Inc. 46,500 1,072,829 Mitsubishi Heavy Industries, Ltd. 447,500 1,779,193 Mitsubishi Kakoki Kaisha, Ltd. 35,000 77,118 Mitsubishi Logistics Corp. 27,000 346,618 Mitsubishi Materials Corp. 44,800 1,505,016 Mitsubishi Motors Corp. 173,200 1,249,395 Mitsubishi Nichiyu Forklift Co., Ltd. 15,800 127,130 * Mitsubishi Paper Mills, Ltd. 11,300 79,671 Mitsubishi Pencil Co., Ltd. 6,800 185,291 Mitsubishi Research Institute, Inc. 2,200 63,273 Mitsubishi Shokuhin Co., Ltd. 5,300 153,338 Mitsubishi Steel Manufacturing Co., Ltd. 80,000 205,805 Mitsubishi Tanabe Pharma Corp. 13,200 314,235 Mitsubishi UFJ Financial Group, Inc. 453,700 2,878,323 Mitsubishi UFJ Financial Group, Inc. Sponsored ADR 398,245 2,536,821 Mitsubishi UFJ Lease & Finance Co., Ltd. 173,500 924,249 Mitsuboshi Belting, Ltd. 18,000 205,923 Mitsui & Co., Ltd. 95,100 1,382,828 Mitsui & Co., Ltd. Sponsored ADR 919 268,798 Mitsui Chemicals, Inc. 240,000 1,363,469 Mitsui Engineering & Shipbuilding Co., Ltd. 298,000 415,427 Mitsui Fudosan Co., Ltd. 34,000 780,308 Mitsui High-Tec, Inc. 8,800 137,340 Mitsui Home Co., Ltd. 9,000 61,368 Mitsui Matsushima Co., Ltd. 4,400 59,287 Mitsui Mining & Smelting Co., Ltd. 279,000 1,218,789 Mitsui OSK Lines, Ltd. 321,000 999,039 Mitsui Sugar Co., Ltd. 6,300 191,283 Mitsui-Soko Holdings Co., Ltd. 44,000 120,069 Miura Co., Ltd. 3,200 64,749 Miyaji Engineering Group, Inc. 22,000 53,598 Miyazaki Bank, Ltd. (The) 74,000 247,385 Miyoshi Oil & Fat Co., Ltd. 1,800 23,036 Mizuho Financial Group, Inc. 2,047,455 3,641,142 Mizuho Financial Group, Inc. ADR 5,047 18,018 Mizuno Corp. 44,000 255,804 Mobile Factory, Inc. 2,000 28,258 Mochida Pharmaceutical Co., Ltd. 3,200 222,956 Modec, Inc. 8,600 205,014 Monex Group, Inc. 79,000 223,288 Monogatari Corp. (The) 2,400 125,207 MonotaRO Co., Ltd. 12,400 409,015 MORESCO Corp. 5,600 105,743 Morinaga & Co., Ltd. 9,800 561,671 Morinaga Milk Industry Co., Ltd. 97,000 708,612 Morita Holdings Corp. 9,000 141,145 Morito Co., Ltd. 7,000 59,478 Morozoff, Ltd. 900 55,700 * Morpho, Inc. 700 31,560 Mory Industries, Inc. 1,600 34,210 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Mr Max Corp. 8,300 $ 39,348 MS&AD Insurance Group Holdings, Inc. 42,013 1,473,588 MTI, Ltd. 18,200 122,748 Mugen Estate Co., Ltd. 4,900 43,981 Murata Manufacturing Co., Ltd. 8,013 1,246,577 Musashi Seimitsu Industry Co., Ltd. 9,100 253,377 Musashino Bank, Ltd. (The) 12,400 370,491 Mutoh Holdings Co., Ltd. 8,000 18,432 N Field Co., Ltd. 2,700 37,161 Nabtesco Corp. 16,300 529,171 NAC Co., Ltd. 6,500 58,598 Nachi-Fujikoshi Corp. 72,000 397,975 Nagaileben Co., Ltd. 2,000 49,846 Nagano Bank, Ltd. (The) 3,600 64,244 Nagase & Co., Ltd. 43,500 682,854 Nagatanien Holdings Co., Ltd. 7,000 87,151 Nagawa Co., Ltd. 1,800 65,107 Nagoya Railroad Co., Ltd. 81,000 371,464 Naigai Trans Line, Ltd. 1,700 21,731 Nakabayashi Co., Ltd. 4,000 11,790 Nakamuraya Co., Ltd. 892 40,666 Nakanishi, Inc. 4,200 175,968 Nakano Corp. 5,500 30,184 Nakayama Steel Works, Ltd. 6,100 36,968 Nankai Electric Railway Co., Ltd. 60,000 295,244 Nanto Bank, Ltd. (The) 8,600 252,999 Natori Co., Ltd. 2,300 42,751 NDS Co., Ltd. 900 26,001 NEC Capital Solutions, Ltd. 4,000 68,912 NEC Corp. 704,000 1,913,785 NEC Networks & System Integration Corp. 11,000 240,336 NET One Systems Co., Ltd. 30,700 294,238 * New Japan Chemical Co., Ltd. 8,500 16,038 * New Japan Radio Co., Ltd. 7,500 41,224 * Nexon Co., Ltd. 16,100 334,630 Nexyz Group Corp. 1,800 29,436 NGK Insulators, Ltd. 26,000 522,866 NGK Spark Plug Co., Ltd. 33,900 684,420 NH Foods, Ltd. 33,000 976,116 NHK Spring Co., Ltd. 78,200 844,605 Nice Holdings, Inc. 24,000 34,376 Nichi-iko Pharmaceutical Co., Ltd. 14,200 217,536 Nichias Corp. 41,000 497,922 Nichiban Co., Ltd. 1,000 8,919 Nichiha Corp. 13,100 486,599 NichiiGakkan Co., Ltd. 9,000 94,191 Nichimo Co., Ltd. 7,000 11,551 Nichirei Corp. 48,500 1,363,115 Nichireki Co., Ltd. 9,000 108,891 Nichirin Co., Ltd. 2,800 62,520 Nidec Corp. 3,618 398,709 Nidec Corp. Sponsored ADR 8,634 238,989 Nifco, Inc. 14,200 819,049 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nihon Chouzai Co., Ltd. 3,360 $ 112,081 Nihon Dempa Kogyo Co., Ltd. 9,500 79,450 Nihon Eslead Corp. 2,800 52,815 Nihon Flush Co., Ltd. 2,300 30,936 Nihon House Holdings Co., Ltd. 17,500 83,444 Nihon Kohden Corp. 14,100 336,977 Nihon M&A Center, Inc. 12,200 489,853 Nihon Nohyaku Co., Ltd. 18,500 107,495 Nihon Parkerizing Co., Ltd. 27,500 393,479 Nihon Plast Co., Ltd. 6,200 73,681 Nihon Tokushu Toryo Co., Ltd. 3,600 60,456 Nihon Trim Co., Ltd. 2,500 104,020 Nihon Unisys, Ltd. 22,000 366,839 Nihon Yamamura Glass Co., Ltd. 33,000 56,539 Nikkiso Co., Ltd. 25,800 266,257 Nikkon Holdings Co., Ltd. 23,900 565,000 Nikon Corp. 32,100 565,594 Nintendo Co., Ltd. 300 101,884 Nippi, Inc. 6,000 43,302 Nippo Corp. 23,000 467,916 Nippon Air Conditioning Services Co., Ltd. 5,500 35,294 Nippon Carbide Industries Co., Inc. 32,000 53,957 Nippon Carbon Co., Ltd. 4,800 156,741 Nippon Chemi-Con Corp. 58,000 234,309 Nippon Chemiphar Co., Ltd. 900 42,285 Nippon Coke & Engineering Co., Ltd. 81,900 77,251 Nippon Commercial Development Co., Ltd. 3,700 57,715 Nippon Concrete Industries Co., Ltd. 25,800 100,089 Nippon Denko Co., Ltd. 47,865 224,693 Nippon Densetsu Kogyo Co., Ltd. 11,800 234,535 Nippon Electric Glass Co., Ltd. 21,800 771,707 Nippon Express Co., Ltd. 157,000 1,002,572 Nippon Fine Chemical Co., Ltd. 1,900 17,318 Nippon Flour Mills Co., Ltd. 23,300 375,441 Nippon Gas Co., Ltd. 13,200 414,276 Nippon Hume Corp. 8,800 54,968 Nippon Kayaku Co., Ltd. 42,000 587,821 Nippon Kinzoku Co., Ltd. 2,600 52,144 Nippon Kodoshi Corp. 2,600 35,234 Nippon Koei Co., Ltd. 6,400 177,076 Nippon Koshuha Steel Co., Ltd. 20,000 20,114 Nippon Light Metal Holdings Co., Ltd. 307,000 825,986 Nippon Paint Holdings Co., Ltd. 10,100 388,352 Nippon Paper Industries Co., Ltd. 39,600 789,499 Nippon Parking Development Co., Ltd. 60,400 90,335 Nippon Piston Ring Co., Ltd. 3,700 72,733 Nippon Road Co., Ltd. (The) 23,000 128,466 Nippon Seisen Co., Ltd. 6,000 44,587 * Nippon Sharyo, Ltd. 25,000 65,035 * Nippon Sheet Glass Co., Ltd. 30,200 255,549 Nippon Shokubai Co., Ltd. 6,700 438,321 Nippon Signal Co., Ltd. 20,500 208,148 Nippon Soda Co., Ltd. 58,000 325,444 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nippon Steel & Sumikin Bussan Corp. 6,152 $ 317,115 Nippon Steel & Sumitomo Metal Corp. 81,002 1,988,429 Nippon Suisan Kaisha, Ltd. 124,900 728,923 Nippon Systemware Co., Ltd. 1,700 27,945 Nippon Telegraph & Telephone Corp. 5,200 254,479 Nippon Thompson Co., Ltd. 38,000 217,096 Nippon Valqua Industries, Ltd. 6,200 163,827 Nippon View Hotel Co., Ltd. 1,000 12,640 Nippon Yakin Kogyo Co., Ltd. 55,300 111,216 * Nippon Yusen K.K. 536,000 1,023,220 Nipro Corp. 58,100 788,117 Nishi-Nippon Financial Holdings, Inc. 55,000 618,808 Nishi-Nippon Railroad Co., Ltd. 79,000 348,179 Nishimatsu Construction Co., Ltd. 104,000 598,512 Nishimatsuya Chain Co., Ltd. 14,200 155,517 Nishio Rent All Co., Ltd. 6,400 213,043 Nissan Chemical Industries, Ltd. 19,100 634,041 Nissan Motor Co., Ltd. 400,700 3,978,653 Nissan Shatai Co., Ltd. 23,000 238,131 Nissan Tokyo Sales Holdings Co., Ltd. 8,300 31,499 Nissei ASB Machine Co., Ltd. 3,100 106,819 Nissei Build Kogyo Co., Ltd. 31,000 179,081 Nissei Plastic Industrial Co., Ltd. 9,700 101,434 Nissha Printing Co., Ltd. 6,500 177,855 Nisshin Fudosan Co. 11,400 63,542 Nisshin Oillio Group, Ltd. (The) 65,000 384,801 Nisshin Seifun Group, Inc. 14,430 236,960 Nisshin Steel Co., Ltd. 18,840 230,835 Nisshinbo Holdings, Inc. 55,100 557,976 Nissin Corp. 35,000 169,270 Nissin Electric Co., Ltd. 21,400 259,896 Nissin Foods Holdings Co., Ltd. 100 6,282 Nissin Kogyo Co., Ltd. 18,800 314,857 Nitori Holdings Co., Ltd. 3,700 522,153 Nitta Corp. 6,100 195,913 Nitta Gelatin, Inc. 4,400 30,255 Nittetsu Mining Co., Ltd. 2,600 145,930 Nitto Boseki Co., Ltd. 46,000 267,999 Nitto Denko Corp. 12,400 1,105,696 Nitto Kogyo Corp. 10,200 165,210 Nitto Kohki Co., Ltd. 2,500 59,408 Nitto Seiko Co., Ltd. 10,300 50,671 Nittoc Construction Co., Ltd. 12,900 68,237 Noda Corp. 6,400 59,507 Noevir Holdings Co., Ltd. 1,900 98,484 NOF Corp. 38,000 516,298 Nohmi Bosai, Ltd. 8,400 129,173 Nojima Corp. 8,900 144,050 NOK Corp. 40,700 931,625 Nomura Co., Ltd. 6,700 141,775 Nomura Holdings, Inc. 199,000 1,182,303 Nomura Holdings, Inc. Sponsored ADR 119,749 714,902 Nomura Real Estate Holdings, Inc. 41,300 818,614 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Nomura Research Institute, Ltd. 3,993 $ 149,471 Noritake Co., Ltd. 4,200 161,002 Noritsu Koki Co., Ltd. 7,200 66,284 Noritz Corp. 13,100 256,933 North Pacific Bank, Ltd. 121,700 407,962 Nozawa Corp. 1,300 16,741 NS Solutions Corp. 11,300 237,903 NS Tool Co., Ltd. 1,200 21,714 NS United Kaiun Kaisha, Ltd. 47,000 98,234 NSD Co., Ltd. 6,930 132,178 NSK, Ltd. 99,700 1,285,159 NTN Corp. 207,000 963,384 NTT Data Corp. 53,000 577,322 NTT DOCOMO, Inc. 149,700 3,476,333 NTT DOCOMO, Inc. Sponsored ADR 9,600 223,104 NTT Urban Development Corp. 15,300 156,541 Nuflare Technology, Inc. 1,400 74,912 Obara Group, Inc. 6,600 364,919 Obayashi Corp. 143,200 1,724,222 Obic Co., Ltd. 6,500 406,370 Odakyu Electric Railway Co., Ltd. 11,500 227,798 Odelic Co., Ltd. 1,800 82,664 Oenon Holdings, Inc. 33,000 82,000 Ogaki Kyoritsu Bank, Ltd. (The) 127,000 366,910 Ohashi Technica, Inc. 1,600 20,538 Ohsho Food Service Corp. 4,800 186,736 Oiles Corp. 5,884 105,228 Oita Bank, Ltd. (The) 46,000 173,337 Oji Holdings Corp. 209,000 1,071,848 Okabe Co., Ltd. 18,500 181,097 Okamoto Industries, Inc. 18,000 197,047 Okamoto Machine Tool Works, Ltd. 24,000 62,055 Okamura Corp. 27,100 275,503 Okasan Securities Group, Inc. 66,000 399,711 Oki Electric Industry Co., Ltd. 33,300 455,948 Okinawa Cellular Telephone Co. 2,300 80,859 Okinawa Electric Power Co., Inc. (The) 8,415 198,470 OKK Corp. 17,000 21,873 OKUMA Corp. 41,000 394,135 Okumura Corp. 63,000 458,454 Okura Industrial Co., Ltd. 17,000 109,901 Okuwa Co., Ltd. 10,000 106,475 Olympic Group Corp. 1,500 7,998 Olympus Corp. 12,800 464,598 Omron Corp. 17,200 858,144 Ono Pharmaceutical Co., Ltd. 6,800 148,755 ONO Sokki Co., Ltd. 2,500 17,017 Onoken Co., Ltd. 6,900 114,750 Onward Holdings Co., Ltd. 49,000 355,479 * Open Door, Inc. 500 15,361 Open House Co., Ltd. 12,800 423,645 OPT Holdings, Inc. 5,600 70,644 Optex Group Co., Ltd. 1,300 43,652 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) * Optim Corp. 900 $ 25,124 Oracle Corp. 2,400 161,316 Organo Corp. 14,000 74,629 Orient Corp. 102,400 172,711 Oriental Land Co., Ltd. 4,800 347,955 Origin Electric Co., Ltd. 8,000 22,700 Osaka Gas Co., Ltd. 91,000 364,466 Osaka Organic Chemical Industry, Ltd. 5,800 68,886 Osaka Soda Co., Ltd. 37,000 186,230 OSAKA Titanium Technologies Co., Ltd. 6,200 95,669 Osaki Electric Co., Ltd. 17,000 129,967 OSG Corp. 34,900 735,842 OSJB Holdings Corp. 52,900 145,304 Otsuka Corp. 3,300 216,173 Otsuka Holdings Co., Ltd. 11,500 506,451 Outsourcing, Inc. 2,700 134,871 Pacific Industrial Co., Ltd. 14,800 192,397 * Pacific Metals Co., Ltd. 59,000 158,275 Pack Corp. (The) 3,300 106,753 PAL GROUP Holdings Co., Ltd. 5,200 165,976 PALTAC Corp. 12,750 462,600 PanaHome Corp. 31,000 336,667 Panasonic Corp. 171,944 2,368,233 Paraca, Inc. 2,400 48,489 Paramount Bed Holdings Co., Ltd. 5,000 227,800 Parco Co., Ltd. 10,500 129,414 Park24 Co., Ltd. 14,000 354,309 Pasco Corp. 12,000 40,473 Pasona Group, Inc. 10,000 111,156 PC Depot Corp. 14,720 84,729 Pegasus Sewing Machine Manufacturing Co., Ltd. 2,500 16,841 Penta-Ocean Construction Co., Ltd. 128,900 767,866 Persol Holdings Co., Ltd. 3,000 56,879 Pigeon Corp. 11,700 433,680 Pilot Corp. 6,600 287,487 Piolax, Inc. 10,500 290,062 * Pioneer Corp. 129,700 256,109 Plenus Co., Ltd. 6,400 149,906 Pocket Card Co., Ltd. 9,100 59,777 Pola Orbis Holdings, Inc. 9,600 266,336 Poletowin Pitcrew Holdings, Inc. 9,900 131,982 Press Kogyo Co., Ltd. 40,300 189,552 Pressance Corp. 13,200 182,193 Prestige International, Inc. 14,600 159,904 Prima Meat Packers, Ltd. 64,000 408,586 Pronexus, Inc. 1,200 13,599 Prospect Co., Ltd. 37,000 23,804 Proto Corp. 3,600 56,273 PS Mitsubishi Construction Co., Ltd. 19,300 88,531 Punch Industry Co., Ltd. 3,300 39,618 Qol Co., Ltd. 5,500 88,741 Quick Co., Ltd. 1,100 15,798 Raito Kogyo Co., Ltd. 17,000 183,638 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Rakuten, Inc. 21,800 $ 266,291 Rasa Industries, Ltd. 39,000 55,063 Raysum Co., Ltd. 4,300 38,428 Recruit Holdings Co., Ltd. 13,500 233,681 Relia, Inc. 2,200 23,518 Relo Group, Inc. 26,000 521,860 Renaissance, Inc. 500 9,053 Renesas Easton Co., Ltd. 2,900 15,525 Rengo Co., Ltd. 81,000 459,814 * Renown, Inc. 16,500 30,789 Resona Holdings, Inc. 346,300 1,784,020 Resorttrust, Inc. 14,600 269,130 Rheon Automatic Machinery Co., Ltd. 6,100 65,987 Riberesute Corp. 3,100 24,846 Ricoh Co., Ltd. 168,481 1,584,145 Ricoh Leasing Co., Ltd. 7,700 269,041 Ride On Express Co., Ltd. 4,300 39,478 Right On Co., Ltd. 7,700 69,856 Riken Corp. 3,300 154,449 Riken Keiki Co., Ltd. 3,400 64,278 Riken Technos Corp. 17,100 95,484 Riken Vitamin Co., Ltd. 1,900 74,279 Ringer Hut Co., Ltd. 3,800 87,793 Rinnai Corp. 1,600 149,372 Rion Co., Ltd. 3,100 54,851 Riso Kagaku Corp. 7,360 153,901 Riso Kyoiku Co., Ltd. 7,600 56,896 Rock Field Co., Ltd. 5,600 94,708 Rohm Co., Ltd. 10,800 834,717 Rohto Pharmaceutical Co., Ltd. 18,400 371,686 Rokko Butter Co., Ltd. 2,100 47,475 Roland DG Corp. 5,300 132,817 Rorze Corp. 2,600 56,034 Round One Corp. 38,000 405,840 Royal Holdings Co., Ltd. 10,600 254,095 * RVH, Inc. 5,500 35,666 Ryobi, Ltd. 55,000 260,102 Ryoden Corp. 16,000 116,416 Ryohin Keikaku Co., Ltd. 2,500 639,108 Ryosan Co., Ltd. 13,300 520,181 S Foods, Inc. 4,500 167,543 Sac's Bar Holdings, Inc. 9,350 102,778 Saibu Gas Co., Ltd. 78,000 195,879 Saizeriya Co., Ltd. 10,200 296,736 Sakai Chemical Industry Co., Ltd. 28,000 113,470 Sakai Heavy Industries, Ltd. 16,000 49,456 Sakai Moving Service Co., Ltd. 4,000 193,050 Sakai Ovex Co., Ltd. 1,900 31,249 Sakata INX Corp. 16,800 303,792 Sakura Internet, Inc. 2,700 20,742 Sala Corp. 3,000 24,995 SAMTY Co., Ltd. 5,500 80,707 San-A Co., Ltd. 5,000 223,002 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) San-Ai Oil Co., Ltd. 25,000 $ 254,004 San-In Godo Bank, Ltd. (The) 39,000 316,769 * Sanden Holdings Corp. 53,000 151,170 Sanei Architecture Planning Co., Ltd. 2,400 42,798 Sangetsu Corp. 11,800 212,601 Sanken Electric Co., Ltd. 51,000 258,543 Sanki Engineering Co., Ltd. 16,100 182,025 Sanko Metal Industrial Co., Ltd. 800 24,103 Sankyo Co., Ltd. 9,800 321,659 Sankyo Frontier Co., Ltd. 2,000 26,213 Sankyo Tateyama, Inc. 9,900 139,861 Sankyu, Inc. 93,000 700,461 Sanoh Industrial Co., Ltd. 10,500 75,701 Sanoyas Holdings Corp. 16,500 38,441 Sanrio Co., Ltd. 8,300 166,701 Sansei Technologies, Inc. 3,300 28,077 Sansha Electric Manufacturing Co., Ltd. 6,400 32,907 Sanshin Electronics Co., Ltd. 14,700 184,878 Santen Pharmaceutical Co., Ltd. 21,600 304,309 Sanwa Holdings Corp. 66,200 716,854 Sanyo Chemical Industries, Ltd. 6,000 284,936 Sanyo Denki Co., Ltd. 17,000 189,363 Sanyo Electric Railway Co., Ltd. 16,000 81,953 Sanyo Housing Nagoya Co., Ltd. 3,500 35,764 Sanyo Special Steel Co., Ltd. 44,000 266,970 Sanyo Trading Co., Ltd. 3,500 79,745 Sapporo Holdings, Ltd. 27,200 740,831 Sata Construction Co., Ltd. 2,600 10,744 Sato Holdings Corp. 9,400 225,443 Satori Electric Co., Ltd. 11,200 92,376 Sawada Holdings Co., Ltd. 7,000 63,559 Sawai Pharmaceutical Co., Ltd. 11,200 631,251 Saxa Holdings, Inc. 23,000 46,901 SBI Holdings, Inc. 79,930 1,143,523 SBS Holdings, Inc. 8,400 64,106 Scala, Inc. 9,000 69,239 SCREEN Holdings Co., Ltd. 9,600 641,686 Scroll Corp. 19,900 69,518 SCSK Corp. 4,900 206,781 Secom Co., Ltd. 7,000 525,196 Seed Co., Ltd. 3,800 80,941 Sega Sammy Holdings, Inc. 49,500 667,890 Seibu Holdings, Inc. 11,400 198,869 Seika Corp. 30,000 129,691 Seikagaku Corp. 9,900 159,495 Seikitokyu Kogyo Co., Ltd. 16,300 88,384 Seiko Epson Corp. 62,400 1,642,520 Seiko Holdings Corp. 60,000 267,837 Seiko PMC Corp. 2,100 23,874 Seino Holdings Co., Ltd. 58,100 782,309 Seiren Co., Ltd. 15,600 263,659 Sekisui Chemical Co., Ltd. 72,000 1,326,264 Sekisui House, Ltd. 71,000 1,229,023 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Sekisui Plastics Co., Ltd. 9,000 $ 76,932 Senko Group Holdings Co., Ltd. 49,600 337,656 Senshu Electric Co., Ltd. 1,300 26,165 Senshu Ikeda Holdings, Inc. 109,840 454,995 Senshukai Co., Ltd. 13,800 85,045 Septeni Holdings Co., Ltd. 10,000 30,572 Seria Co., Ltd. 7,200 357,353 Seven & I Holdings Co., Ltd. 45,000 1,813,709 Seven Bank, Ltd. 130,500 516,435 SFP Holdings Co., Ltd. 4,500 71,034 #* Sharp Corp. 239,000 841,326 Shibaura Electronics Co., Ltd. 2,500 84,258 Shibaura Mechatronics Corp. 13,000 40,099 Shibusawa Warehouse Co., Ltd. (The) 5,000 16,463 Shibuya Corp. 8,700 264,894 Shidax Corp. 1,700 6,862 * SHIFT, Inc. 2,100 24,982 Shiga Bank, Ltd. (The) 91,000 482,268 Shikibo, Ltd. 29,000 39,453 Shikoku Bank, Ltd. (The) 85,000 227,925 Shikoku Chemicals Corp. 17,000 217,601 Shikoku Electric Power Co., Inc. 32,600 391,751 Shima Seiki Manufacturing, Ltd. 5,600 272,347 Shimachu Co., Ltd. 19,200 480,456 Shimadzu Corp. 21,300 419,396 Shimamura Co., Ltd. 1,200 149,212 Shimano, Inc. 2,900 425,170 Shimizu Bank, Ltd. (The) 2,700 85,710 Shimizu Corp. 117,600 1,242,560 Shimojima Co., Ltd. 700 7,052 Shin Nippon Air Technologies Co., Ltd. 4,500 64,868 * Shin Nippon Biomedical Laboratories, Ltd. 4,200 23,112 Shin-Etsu Chemical Co., Ltd. 12,100 1,106,726 Shin-Keisei Electric Railway Co., Ltd. 7,000 26,458 Shinagawa Refractories Co., Ltd. 23,000 62,750 Shindengen Electric Manufacturing Co., Ltd. 37,000 191,886 Shinko Electric Industries Co., Ltd. 35,200 256,114 Shinko Plantech Co., Ltd. 16,400 140,134 Shinmaywa Industries, Ltd. 37,000 323,512 Shinnihon Corp. 17,200 140,099 Shinoken Group Co., Ltd. 8,300 197,510 Shinsei Bank, Ltd. 273,000 449,973 Shinsho Corp. 2,400 63,516 Shionogi & Co., Ltd. 5,500 293,645 Ship Healthcare Holdings, Inc. 15,700 481,837 Shiseido Co., Ltd. 31,300 1,105,622 Shizuoka Bank, Ltd. (The) 70,000 624,539 Shizuoka Gas Co., Ltd. 26,400 199,682 SHO-BOND Holdings Co., Ltd. 2,100 111,013 Shochiku Co., Ltd. 9,000 123,395 Shoei Co., Ltd. 1,900 54,424 Shoei Foods Corp. 3,800 162,622 Shofu, Inc. 1,500 17,982 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) * Shoko Co., Ltd. 44,000 $ 41,881 Showa Aircraft Industry Co., Ltd. 2,000 21,556 * Showa Corp. 25,300 244,401 Showa Denko K.K. 60,300 1,569,572 #* Showa Holdings Co., Ltd. 23,100 29,695 Showa Sangyo Co., Ltd. 43,000 233,665 Showa Shell Sekiyu K.K. 50,100 545,727 Siix Corp. 7,200 306,850 Sinanen Holdings Co., Ltd. 3,000 60,869 Sinfonia Technology Co., Ltd. 62,000 260,192 Sinko Industries, Ltd. 8,600 131,386 SK-Electronics Co., Ltd. 1,800 22,210 SKY Perfect JSAT Holdings, Inc. 60,700 272,484 Skylark Co., Ltd. 19,800 298,839 SMC Corp. 1,100 349,698 SMK Corp. 33,000 139,356 SMS Co., Ltd. 4,800 151,895 Snow Peak, Inc. 600 17,639 Soda Nikka Co., Ltd. 3,000 14,878 Sodick Co., Ltd. 16,000 194,863 SoftBank Group Corp. 35,596 2,868,950 Softbank Technology Corp. 5,200 83,405 Softbrain Co., Ltd. 13,800 54,098 Software Service, Inc. 300 13,610 Sogo Medical Co., Ltd. 4,600 210,421 Sohgo Security Services Co., Ltd. 12,800 542,578 Sojitz Corp. 274,500 691,484 Soken Chemical & Engineering Co., Ltd. 900 12,636 Sompo Holdings, Inc. 29,375 1,152,152 Sony Corp. 60,300 2,477,384 Sony Corp. Sponsored ADR 51,518 2,115,844 Sony Financial Holdings, Inc. 12,900 223,016 * Sosei Group Corp. 3,800 394,261 Sotetsu Holdings, Inc. 48,000 235,004 Sourcenext Corp. 4,700 24,384 Space Co., Ltd. 4,200 56,305 Sparx Group Co., Ltd. 27,000 53,815 Square Enix Holdings Co., Ltd. 6,700 219,215 SRA Holdings 900 24,674 Srg Takamiya Co., Ltd. 8,500 44,438 ST Corp. 2,000 50,190 St Marc Holdings Co., Ltd. 5,900 184,398 Stanley Electric Co., Ltd. 31,600 1,043,872 Star Mica Co., Ltd. 2,900 82,818 Star Micronics Co., Ltd. 8,800 145,688 Start Today Co., Ltd. 18,000 507,901 Starts Corp., Inc. 12,700 331,845 Starzen Co., Ltd. 3,000 134,404 Stella Chemifa Corp. 4,200 118,061 Studio Alice Co., Ltd. 5,500 129,157 Subaru Corp. 28,400 1,024,588 Sugi Holdings Co., Ltd. 3,300 168,375 Sugimoto & Co., Ltd. 1,100 16,218 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Sumco Corp. 38,200 $ 618,233 Sumida Corp. 10,100 193,196 Suminoe Textile Co., Ltd. 29,000 81,484 Sumitomo Bakelite Co., Ltd. 66,000 479,467 Sumitomo Chemical Co., Ltd. 402,355 2,351,411 Sumitomo Corp. 79,100 1,069,180 Sumitomo Dainippon Pharma Co., Ltd. 18,200 254,945 Sumitomo Densetsu Co., Ltd. 8,200 130,599 Sumitomo Electric Industries, Ltd. 125,600 2,030,255 Sumitomo Forestry Co., Ltd. 52,600 805,176 Sumitomo Heavy Industries, Ltd. 176,000 1,283,113 Sumitomo Metal Mining Co., Ltd. 81,000 1,223,317 Sumitomo Mitsui Construction Co., Ltd. 371,600 404,030 Sumitomo Mitsui Financial Group, Inc. 110,183 4,251,497 Sumitomo Mitsui Trust Holdings, Inc. 22,444 824,212 Sumitomo Osaka Cement Co., Ltd. 140,000 655,314 Sumitomo Precision Products Co., Ltd. 12,000 39,016 Sumitomo Realty & Development Co., Ltd. 45,000 1,362,255 Sumitomo Riko Co., Ltd. 19,500 203,970 Sumitomo Rubber Industries, Ltd. 60,500 1,049,081 Sumitomo Seika Chemicals Co., Ltd. 4,000 201,109 Sun Corp. 7,200 46,124 Sun Frontier Fudousan Co., Ltd. 12,700 135,536 Sun-Wa Technos Corp. 3,400 57,856 Sundrug Co., Ltd. 9,000 335,271 Suntory Beverage & Food, Ltd. 4,100 200,980 Suruga Bank, Ltd. 39,200 945,265 Suzuken Co., Ltd. 21,060 703,340 Suzuki Motor Corp. 33,700 1,597,424 * SWCC Showa Holdings Co., Ltd. 102,000 84,115 Sysmex Corp. 7,800 446,512 Systena Corp. 5,900 135,253 T Hasegawa Co., Ltd. 8,200 172,738 T RAD Co., Ltd. 32,000 101,114 T&D Holdings, Inc. 92,100 1,358,637 T&K Toka Co., Ltd. 6,800 74,593 T-Gaia Corp. 4,300 86,055 Tabuchi Electric Co., Ltd. 10,600 32,528 Tachi-S Co., Ltd. 11,000 200,677 Tachibana Eletech Co., Ltd. 5,320 76,940 Tadano, Ltd. 43,000 532,579 Taihei Dengyo Kaisha, Ltd. 13,000 187,880 Taiheiyo Cement Corp. 432,225 1,621,828 Taiheiyo Kouhatsu, Inc. 27,000 25,943 Taiho Kogyo Co., Ltd. 6,900 97,271 Taikisha, Ltd. 7,700 207,103 Taiko Bank, Ltd. (The) 1,000 2,129 Taiko Pharmaceutical Co., Ltd. 1,400 28,215 Taisei Corp. 88,000 842,338 Taisei Lamick Co., Ltd. 2,200 58,068 Taiyo Holdings Co., Ltd. 5,300 251,838 Taiyo Nippon Sanso Corp. 68,700 793,963 Taiyo Yuden Co., Ltd. 50,200 842,960 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Takaoka Toko Co., Ltd. 4,480 $ 74,998 Takara Holdings, Inc. 35,000 349,494 Takara Leben Co., Ltd. 46,000 211,021 Takara Standard Co., Ltd. 15,000 251,859 Takasago International Corp. 6,400 251,386 Takasago Thermal Engineering Co., Ltd. 9,700 161,898 Takashima & Co., Ltd. 16,000 31,183 Takashimaya Co., Ltd. 72,000 658,645 Take And Give Needs Co., Ltd. 4,820 33,937 Takeda Pharmaceutical Co., Ltd. 15,600 824,098 Takeei Corp. 10,100 102,298 Takeuchi Manufacturing Co., Ltd. 16,400 317,885 Takihyo Co., Ltd. 5,000 21,039 Takisawa Machine Tool Co., Ltd. 23,000 36,684 Takuma Co., Ltd. 21,000 215,077 Tama Home Co., Ltd. 10,000 66,171 Tamron Co., Ltd. 7,000 131,304 Tamura Corp. 28,000 152,992 Tanseisha Co., Ltd. 10,300 103,860 Tatsuta Electric Wire and Cable Co., Ltd. 15,000 96,165 Tayca Corp. 13,000 114,980 TBK Co., Ltd. 7,000 31,523 TDK Corp. 17,300 1,243,377 TDK Corp. Sponsored ADR 7,012 504,373 Techno Smart Corp. 2,600 31,615 TechnoPro Holdings, Inc. 3,400 145,870 Tecnos Japan, Inc. 2,500 24,874 Teijin, Ltd. 53,400 1,070,637 Teikoku Electric Manufacturing Co., Ltd. 6,300 65,461 Tekken Corp. 43,000 132,035 Terumo Corp. 12,500 472,625 THK Co., Ltd. 29,600 903,798 TIS, Inc. 25,500 770,861 * Toa Corp.(6894508) 6,800 111,026 Toa Corp.(6894434) 11,000 114,718 Toa Oil Co., Ltd. 9,000 11,753 TOA ROAD Corp. 18,000 74,380 Toagosei Co., Ltd. 45,500 548,823 Tobishima Corp. 63,700 97,495 Tobu Railway Co., Ltd. 43,000 227,679 Tobu Store Co., Ltd. 1,000 28,785 TOC Co., Ltd. 8,800 82,693 Tocalo Co., Ltd. 5,400 206,327 Tochigi Bank, Ltd. (The) 31,000 126,142 Toda Corp. 82,000 563,726 Toda Kogyo Corp. 13,000 49,324 Toei Animation Co., Ltd. 800 60,853 Toei Co., Ltd. 29,000 295,673 Toell Co., Ltd. 2,100 17,187 Toenec Corp. 17,000 103,228 Togami Electric Manufacturing Co., Ltd. 4,000 17,549 Toho Bank, Ltd. (The) 89,000 310,533 Toho Co., Ltd.(6895200) 5,200 187,395 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Toho Co., Ltd.(6895211) 1,800 $ 47,284 Toho Gas Co., Ltd. 54,000 365,946 Toho Holdings Co., Ltd. 20,100 397,350 Toho Titanium Co., Ltd. 18,500 143,272 Toho Zinc Co., Ltd. 62,000 266,966 Tohoku Bank, Ltd. (The) 19,000 26,174 Tohoku Electric Power Co., Inc. 23,700 322,860 Tokai Carbon Co., Ltd. 77,000 496,913 Tokai Corp. 2,500 110,469 TOKAI Holdings Corp. 30,200 232,237 Tokai Lease Co., Ltd. 2,000 3,882 Tokai Rika Co., Ltd. 21,400 392,955 Tokai Tokyo Financial Holdings, Inc. 70,300 410,060 Token Corp. 2,800 355,979 Tokio Marine Holdings, Inc. 55,700 2,342,366 Tokushu Tokai Paper Co., Ltd. 3,900 146,711 * Tokuyama Corp. 150,000 681,459 Tokyo Century Corp. 16,700 711,320 Tokyo Dome Corp. 27,000 259,867 * Tokyo Electric Power Co. Holdings, Inc. 54,388 230,697 Tokyo Electron Device, Ltd. 3,600 58,356 Tokyo Electron, Ltd. 14,000 1,968,928 Tokyo Energy & Systems, Inc. 13,000 127,224 Tokyo Gas Co., Ltd. 98,000 519,971 Tokyo Individualized Educational Institute, Inc. 1,300 14,964 Tokyo Keiki, Inc. 34,000 89,377 Tokyo Ohka Kogyo Co., Ltd. 15,300 498,042 Tokyo Rakutenchi Co., Ltd. 700 37,264 Tokyo Rope Manufacturing Co., Ltd. 5,200 79,629 Tokyo Sangyo Co., Ltd. 4,000 16,638 Tokyo Seimitsu Co., Ltd. 12,000 416,235 Tokyo Steel Manufacturing Co., Ltd. 27,700 237,449 Tokyo Tatemono Co., Ltd. 58,500 795,988 Tokyo Tekko Co., Ltd. 12,000 49,391 Tokyo Theatres Co., Inc. 21,000 27,603 Tokyo TY Financial Group, Inc. 10,413 277,118 Tokyotokeiba Co., Ltd. 4,900 159,107 Tokyu Construction Co., Ltd. 35,400 283,092 Tokyu Corp. 24,500 360,517 Tokyu Fudosan Holdings Corp. 137,425 824,353 Toli Corp. 17,000 55,313 Tomato Bank, Ltd. 1,100 15,333 Tomen Devices Corp. 100 2,182 Tomoe Corp. 9,500 31,460 Tomoe Engineering Co., Ltd. 2,900 47,675 Tomoegawa Co., Ltd. 7,000 17,084 Tomoku Co., Ltd. 21,000 74,258 TOMONY Holdings, Inc. 66,100 323,238 Tomy Co., Ltd. 30,000 366,973 Tonami Holdings Co., Ltd. 23,000 90,431 Topcon Corp. 40,000 684,380 Toppan Forms Co., Ltd. 18,700 194,433 Toppan Printing Co., Ltd. 71,000 750,307 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Topre Corp. 15,000 $ 395,414 Topy Industries, Ltd. 9,700 297,913 Toray Industries, Inc. 187,400 1,692,207 Torex Semiconductor, Ltd. 2,300 38,272 Toridoll Holdings Corp. 4,800 134,546 Torii Pharmaceutical Co., Ltd. 6,100 170,347 Torikizoku Co., Ltd. 1,500 35,091 Torishima Pump Manufacturing Co., Ltd. 12,100 123,660 Tosei Corp. 14,600 114,111 #* Toshiba Corp. 262,000 594,487 Toshiba Machine Co., Ltd. 47,000 223,185 Toshiba Plant Systems & Services Corp. 9,400 153,073 Toshiba TEC Corp. 60,000 332,107 Tosho Co., Ltd. 1,600 73,900 Tosoh Corp. 246,000 2,912,672 Totetsu Kogyo Co., Ltd. 7,700 240,410 TOTO, Ltd. 12,500 503,017 Tottori Bank, Ltd. (The) 1,300 20,062 Tow Co., Ltd. 6,800 54,280 Towa Bank, Ltd. (The) 128,000 142,561 Towa Corp. 9,300 144,890 Towa Pharmaceutical Co., Ltd. 4,000 193,209 Toyo Construction Co., Ltd. 26,300 112,583 Toyo Denki Seizo K.K. 2,600 45,371 Toyo Engineering Corp. 58,000 152,547 Toyo Ink SC Holdings Co., Ltd. 76,000 393,792 Toyo Kohan Co., Ltd. 21,000 92,310 Toyo Machinery & Metal Co., Ltd. 3,500 25,284 Toyo Securities Co., Ltd. 41,000 93,123 Toyo Seikan Group Holdings, Ltd. 32,500 532,751 Toyo Suisan Kaisha, Ltd. 5,800 210,715 Toyo Tanso Co., Ltd. 4,900 82,011 Toyo Tire & Rubber Co., Ltd. 41,700 855,957 Toyo Wharf & Warehouse Co., Ltd. 13,000 22,169 Toyobo Co., Ltd. 357,000 679,766 Toyoda Gosei Co., Ltd. 30,200 712,555 Toyota Boshoku Corp. 20,100 419,779 Toyota Motor Corp. 191,273 10,780,115 Toyota Motor Corp. Sponsored ADR 41,028 4,629,600 Toyota Tsusho Corp. 56,700 1,822,794 TPR Co., Ltd. 10,000 315,791 Trancom Co., Ltd. 2,900 143,326 Transcosmos, Inc. 6,900 165,830 Trend Micro, Inc. 7,700 385,094 Trusco Nakayama Corp. 12,200 312,907 TS Tech Co., Ltd. 17,800 527,549 Tsubaki Nakashima Co., Ltd. 2,100 42,150 Tsubakimoto Chain Co. 53,000 449,675 * Tsudakoma Corp. 27,000 46,265 Tsugami Corp. 11,000 88,176 Tsukada Global Holdings, Inc. 2,000 10,884 Tsukishima Kikai Co., Ltd. 11,700 132,645 Tsukuba Bank, Ltd. 32,200 96,540 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Tsukui Corp. 33,400 $ 202,824 Tsumura & Co. 10,800 419,758 Tsuruha Holdings, Inc. 5,000 524,607 Tsurumi Manufacturing Co., Ltd. 6,100 102,164 Tv Tokyo Holdings Corp. 5,300 110,264 * U-Shin, Ltd. 10,500 70,519 UACJ Corp. 115,908 342,109 Ube Industries, Ltd. 454,200 1,230,369 Uchida Yoko Co., Ltd. 1,000 24,898 Uchiyama Holdings Co., Ltd. 1,500 6,326 UKC Holdings Corp. 6,500 97,639 Ulvac, Inc. 14,900 798,870 Umenohana Co., Ltd. 500 12,700 Unicharm Corp. 12,200 313,021 Uniden Holdings Corp. 12,000 28,572 Union Tool Co. 2,100 62,342 Unipres Corp. 15,500 360,489 United Arrows, Ltd. 7,000 212,158 United Super Markets Holdings, Inc. 22,700 230,350 * Unitika, Ltd. 264,000 186,694 Universal Entertainment Corp. 9,400 269,682 Unizo Holdings Co., Ltd. 7,400 171,698 Urbanet Corp. Co., Ltd. 10,100 40,387 Ushio, Inc. 44,500 624,529 USS Co., Ltd. 12,400 250,496 * UT Group Co., Ltd. 5,700 102,332 Utoc Corp. 2,600 10,518 V Technology Co., Ltd. 1,400 239,683 * V-Cube, Inc. 2,300 12,946 Valor Holdings Co., Ltd. 16,700 377,418 ValueCommerce Co., Ltd. 9,900 61,468 Vector, Inc. 1,400 20,377 VeriServe Corp. 600 18,374 Village Vanguard Co., Ltd. 2,800 26,020 Vital KSK Holdings, Inc. 16,500 132,159 Vitec Holdings Co., Ltd. 4,800 61,414 Voyage Group, Inc. 4,000 75,320 VT Holdings Co., Ltd. 40,600 207,539 W-Scope Corp. 3,100 65,814 Wacoal Holdings Corp. 43,000 604,057 Wakachiku Construction Co., Ltd. 48,000 75,735 Wakita & Co., Ltd. 16,200 182,704 Warabeya Nichiyo Holdings Co., Ltd. 5,200 140,404 Watahan & Co., Ltd. 900 18,979 WATAMI Co., Ltd. 8,800 107,576 Watts Co., Ltd. 1,900 24,877 WDB Holdings Co., Ltd. 1,300 27,179 Weathernews, Inc. 1,400 43,534 Welcia Holdings Co., Ltd. 8,600 326,803 Wellnet Corp. 2,000 24,802 West Holdings Corp. 8,600 66,384 West Japan Railway Co. 7,300 523,988 WIN-Partners Co., Ltd. 4,700 59,565 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) WirelessGate, Inc. 1,700 $ 22,275 Wood One Co., Ltd. 7,000 18,292 World Holdings Co., Ltd. 3,400 82,723 Wowow, Inc. 3,400 98,781 Xebio Holdings Co., Ltd. 10,300 193,993 YAC Holdings Co., Ltd. 2,600 32,248 Yahagi Construction Co., Ltd. 11,100 91,981 Yahoo Japan Corp. 36,500 165,197 Yaizu Suisankagaku Industry Co., Ltd. 1,600 17,538 Yakult Honsha Co., Ltd. 1,900 129,477 Yakuodo Co., Ltd. 3,900 106,521 YAMABIKO Corp. 13,800 166,858 YAMADA Consulting Group Co., Ltd. 1,300 81,966 Yamada Denki Co., Ltd. 108,240 578,093 Yamagata Bank, Ltd. (The) 51,000 231,517 Yamaguchi Financial Group, Inc. 49,000 576,722 Yamaha Corp. 18,300 647,146 Yamaha Motor Co., Ltd. 55,000 1,381,355 Yamaichi Electronics Co., Ltd. 9,600 186,886 Yamanashi Chuo Bank, Ltd. (The) 72,000 294,095 Yamatane Corp. 4,600 68,092 Yamato Corp. 7,100 44,160 Yamato Holdings Co., Ltd. 29,700 596,148 Yamaya Corp. 2,500 36,221 Yamazaki Baking Co., Ltd. 31,000 621,879 Yamazen Corp. 17,100 175,552 Yaoko Co., Ltd. 6,600 284,778 Yaskawa Electric Corp. 31,800 852,535 Yasunaga Corp. 3,100 46,036 Yellow Hat, Ltd. 5,500 142,037 Yokogawa Bridge Holdings Corp. 13,600 206,921 Yokogawa Electric Corp. 71,300 1,199,973 Yokohama Reito Co., Ltd. 20,600 204,859 Yokohama Rubber Co., Ltd. (The) 46,300 932,375 Yokowo Co., Ltd. 3,300 43,626 Yomiuri Land Co., Ltd. 14,000 66,747 Yondoshi Holdings, Inc. 5,200 130,604 Yorozu Corp. 6,900 116,466 Yoshinoya Holdings Co., Ltd. 10,900 184,297 Yuasa Trading Co., Ltd. 4,000 128,162 Yuken Kogyo Co., Ltd. 9,000 19,094 Yumeshin Holdings Co., Ltd. 3,300 22,492 Yurtec Corp. 16,000 108,617 Yusen Logistics Co., Ltd. 8,800 79,725 Yushiro Chemical Industry Co., Ltd. 3,700 50,375 Zenkoku Hosho Co., Ltd. 5,000 215,014 Zenrin Co., Ltd. 8,300 255,440 Zensho Holdings Co., Ltd. 40,500 732,612 Zeon Corp. 71,000 885,803 ZERIA Pharmaceutical Co., Ltd. 5,800 101,074 * ZIGExN Co., Ltd. 3,600 52,500 Zojirushi Corp. 12,000 125,277 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ JAPAN -- (Continued) Zuiko Corp. 500 $ 17,641 ------------ TOTAL JAPAN 537,393,534 ------------ MALAYSIA -- (0.7%) 7-Eleven Malaysia Holdings Bhd Class B 63,800 20,407 Aeon Co. M Bhd 217,900 111,481 Aeon Credit Service M Bhd 17,550 55,731 Affin Holdings Bhd 109,590 65,782 # AirAsia Bhd 594,300 448,081 #* AirAsia X Bhd 972,100 88,434 Alliance Financial Group Bhd 351,900 323,099 AMMB Holdings Bhd 484,500 559,916 Ann Joo Resources Bhd 68,600 48,530 APM Automotive Holdings Bhd 34,700 31,040 Astro Malaysia Holdings Bhd 71,800 43,255 Axiata Group Bhd 272,588 294,767 Batu Kawan Bhd 30,000 133,116 Benalec Holdings Bhd 48,000 4,707 * Berjaya Assets BHD 138,500 39,758 #* Berjaya Corp. Bhd 1,146,810 88,393 * Berjaya Land Bhd 76,000 7,630 Berjaya Sports Toto Bhd 131,659 73,176 # Bermaz Auto Bhd 126,100 57,708 # BIMB Holdings Bhd 114,300 116,366 Bonia Corp. Bhd 82,000 11,017 * Borneo Oil Bhd 412,350 9,656 Boustead Holdings Bhd 220,899 138,726 # Boustead Plantations Bhd 22,500 8,721 British American Tobacco Malaysia Bhd 13,500 138,676 #* Bumi Armada Bhd 913,000 149,278 Bursa Malaysia Bhd 102,500 248,052 # Cahya Mata Sarawak Bhd 222,700 207,868 Can-One Bhd 18,400 14,736 Carlsberg Brewery Malaysia Bhd Class B 37,800 132,408 CB Industrial Product Holding Bhd 102,800 48,736 CIMB Group Holdings Bhd 427,077 653,233 Coastal Contracts Bhd 42,800 13,190 Cypark Resources Bhd 58,000 34,122 # Datasonic Group Bhd 154,100 42,114 #* Dayang Enterprise Holdings Bhd 141,839 33,786 * Destinii Bhd 137,400 21,018 Dialog Group Bhd 390,658 176,109 # DiGi.Com Bhd 155,200 173,974 DKSH Holdings Malaysia Bhd 22,800 26,622 # DRB-Hicom Bhd 336,400 132,757 Dutch Lady Milk Industries Bhd 2,400 33,049 Eastern & Oriental Bhd 218,229 84,127 * Eco World Development Group Bhd 396,200 145,262 # Ekovest Bhd 488,900 130,268 # Evergreen Fibreboard Bhd 210,750 42,808 # Felda Global Ventures Holdings Bhd 485,400 184,840 Fraser & Neave Holdings Bhd 4,300 25,000 # Gadang Holdings Bhd 196,250 58,220 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- MALAYSIA -- (Continued) Gamuda Bhd 255,500 $316,233 # Gas Malaysia Bhd 80,000 54,358 Genting Malaysia Bhd 227,800 318,924 # Genting Plantations Bhd 46,700 116,889 George Kent Malaysia BHD 89,000 89,344 # Globetronics Technology Bhd 37,900 54,494 Glomac Bhd 86,600 13,246 Hai-O Enterprise Bhd 13,700 13,690 # HAP Seng Consolidated Bhd 242,580 514,914 Hap Seng Plantations Holdings Bhd 72,400 43,950 Hartalega Holdings Bhd 64,000 105,713 Heineken Malaysia Bhd 29,600 124,282 * Hengyuan Refining Co. Bhd 15,500 28,444 # HeveaBoard Bhd 142,700 55,640 * Hibiscus Petroleum Bhd 451,500 42,740 Hock Seng LEE BHD 55,900 19,990 Hong Leong Bank Bhd 71,432 261,864 Hong Leong Financial Group Bhd 64,153 256,544 Hong Leong Industries Bhd 31,400 76,883 Hua Yang Bhd 65,066 12,460 IHH Healthcare Bhd 45,600 62,865 IJM Corp. Bhd 983,720 797,146 IJM Plantations Bhd 72,500 51,313 Inari Amertron Bhd 253,692 151,667 Insas Bhd 225,200 55,207 IOI Corp. Bhd 102,326 106,790 IOI Properties Group Bhd 412,924 202,500 * Iris Corp. Bhd 271,500 10,762 #* Iskandar Waterfront City Bhd 91,000 26,330 * JAKS Resources Bhd 137,900 47,950 # Jaya Tiasa Holdings Bhd 170,800 44,684 JCY International Bhd 139,200 18,516 Kerjaya Prospek Group Bhd 36,600 31,703 Kian JOO CAN Factory Bhd 56,700 39,459 #* KNM Group Bhd 1,116,730 63,888 Kossan Rubber Industries 59,300 98,331 KPJ Healthcare Bhd 95,450 92,713 * KSL Holdings Bhd 222,492 63,906 Kuala Lumpur Kepong Bhd 27,100 156,925 Kumpulan Perangsang Selangor Bhd 43,300 13,245 # Lafarge Malaysia Bhd 68,300 91,140 Land & General Bhd 584,220 31,385 * Landmarks Bhd 74,700 14,900 LBS Bina Group Bhd 134,400 61,832 Lii Hen Indsustries Bhd 29,000 21,597 Lingkaran Trans Kota Holdings Bhd 48,400 66,812 LPI Capital Bhd 19,020 79,785 Magni-Tech Industries Bhd 64,000 113,625 Magnum Bhd 213,700 85,345 Mah Sing Group Bhd 620,440 229,011 # Malakoff Corp. Bhd 251,200 60,422 Malayan Banking Bhd 379,478 845,550 Malayan Flour Mills Bhd 73,200 40,168 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- MALAYSIA -- (Continued) Malaysia Airports Holdings Bhd 145,492 $297,241 Malaysia Building Society Bhd 583,842 167,671 Malaysian Pacific Industries Bhd 40,475 134,113 # Malaysian Resources Corp. Bhd 395,950 112,682 Malton Bhd 81,600 22,477 Matrix Concepts Holdings Bhd 81,900 52,218 # Maxis Bhd 54,500 71,927 # Media Prima Bhd 306,800 64,478 Mega First Corp. Bhd 84,100 75,439 MISC Bhd 157,380 271,456 # Mitrajaya Holdings Bhd 126,000 39,126 * MK Land Holdings Bhd 131,800 8,467 MKH Bhd 124,324 65,325 MMC Corp. Bhd 284,000 159,085 * MNRB Holdings Bhd 26,700 15,655 * Mudajaya Group Bhd 105,300 30,752 Muhibbah Engineering M Bhd 115,700 75,641 * Mulpha International Bhd 51,880 29,227 My EG Services Bhd 291,000 146,760 * Naim Holdings Bhd 48,600 14,310 * OCK Group Bhd 106,000 22,148 Oldtown Bhd 93,900 60,320 Oriental Holdings Bhd 4,700 7,232 Padini Holdings Bhd 269,400 235,296 Pantech Group Holdings Bhd 63,286 9,754 Paramount Corp. Bhd 32,600 14,006 #* Parkson Holdings Bhd 219,903 28,493 Petron Malaysia Refining & Marketing Bhd 17,200 36,168 Petronas Chemicals Group Bhd 153,700 249,697 Petronas Dagangan Bhd 17,100 94,984 Petronas Gas Bhd 25,100 109,830 Pharmaniaga Bhd 29,900 31,015 Pie Industrial Bhd 22,300 12,188 # Pos Malaysia Bhd 110,100 136,070 Press Metal Aluminium Holdings Bhd 343,839 228,878 Protasco Bhd 120,000 29,126 Public Bank Bhd 88,140 417,512 #* Puncak Niaga Holdings Bhd 15,500 3,112 # QL Resources Bhd 132,850 154,796 RGB International Bhd 662,800 44,118 RHB Bank Bhd 124,343 145,216 * Salcon Bhd 191,794 23,064 Sapura Energy Bhd 1,669,043 600,537 Sarawak Oil Palms Bhd 39,857 33,317 Scientex Bhd 48,000 97,088 Selangor Properties Bhd 24,800 28,151 Shangri-La Hotels Malaysia Bhd 15,100 17,626 # Sime Darby Bhd 166,422 367,308 # SKP Resources Bhd 125,600 40,515 # SP Setia Bhd Group 86,457 66,830 Star Media Group Bhd 50,500 27,599 #* Sumatec Resources Bhd 598,000 6,983 Sunway Bhd 221,998 221,897 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- MALAYSIA -- (Continued) # Sunway Construction Group Bhd 46,680 $ 23,226 Supermax Corp. Bhd 159,500 71,507 Suria Capital Holdings Bhd 16,100 7,864 Syarikat Takaful Malaysia Bhd 60,000 56,874 # Ta Ann Holdings Bhd 80,257 65,601 TA Enterprise Bhd 333,600 47,160 TA Global Bhd 217,000 15,737 Taliworks Corp. Bhd 90,300 31,406 Tambun Indah Land Bhd 80,300 24,938 TAN Chong Motor Holdings Bhd 100,000 40,172 TDM Bhd 302,940 39,625 Telekom Malaysia Bhd 103,348 153,582 Tenaga Nasional Bhd 71,550 235,903 Thong Guan Industries Bhd 23,200 22,649 Time dotCom Bhd 47,300 106,594 Tiong NAM Logistics Holdings 46,000 18,899 Top Glove Corp. Bhd 209,600 280,894 Tropicana Corp. Bhd 199,848 44,799 TSH Resources Bhd 164,100 64,001 # Tune Protect Group Bhd 273,200 69,528 Uchi Technologies Bhd 37,400 16,423 # UEM Edgenta Bhd 98,900 62,432 #* UEM Sunrise Bhd 632,358 169,774 #* UMW Holdings Bhd 198,100 269,745 #* UMW Oil & Gas Corp. Bhd 623,180 43,680 Unisem M Bhd 221,400 198,382 United Plantations Bhd 11,300 73,020 UOA Development Bhd 242,900 147,501 * Uzma Bhd 60,100 20,931 # VS Industry Bhd 320,000 164,535 Wah Seong Corp. Bhd 72,098 15,996 * WCT Holdings Bhd 323,941 143,694 Westports Holdings Bhd 139,800 121,779 WTK Holdings Bhd 72,500 14,638 Yinson Holdings Bhd 106,500 88,299 * YNH Property Bhd 133,216 44,165 YTL Corp. Bhd 1,828,983 597,922 YTL Power International Bhd 342,650 112,018 Zhulian Corp. Bhd 45,600 17,996 ----------- TOTAL MALAYSIA 21,326,637 ----------- MEXICO -- (0.9%) Alfa S.A.B. de C.V. Class A 933,781 1,296,095 Alpek S.A.B. de C.V. 193,325 222,184 Alsea S.A.B. de C.V. 143,644 559,005 America Movil S.A.B. de C.V. Series L 781,046 690,120 America Movil S.A.B. de C.V. Series L ADR 23,684 418,733 Arca Continental S.A.B. de C.V. 114,633 852,222 * Axtel S.A.B. de C.V. 301,200 71,567 Banregio Grupo Financiero S.A.B. de C.V. 106,388 697,281 Bolsa Mexicana de Valores S.A.B. de C.V. 63,291 108,717 * Cemex S.A.B. de C.V. 2,172,424 2,098,901 Cia Minera Autlan S.A.B. de C.V. Series B 20,453 18,842 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- MEXICO -- (Continued) Coca-Cola Femsa S.A.B. de C.V. Series L 7,700 $ 65,532 Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR 4,452 378,331 Consorcio ARA S.A.B. de C.V. Series * 305,857 102,568 * Controladora Vuela Cia de Aviacion S.A.B. de C.V. ADR 18,370 251,669 Controladora Vuela Cia de Aviacion S.A.B. de C.V. * Class A 25,993 35,743 Corp. Inmobiliaria Vesta S.A.B. de C.V. 115,620 174,704 Corp. Moctezuma S.A.B. de C.V. Series * 73,800 290,184 Credito Real S.A.B. de C.V. SOFOM ER 36,910 65,371 El Puerto de Liverpool S.A.B. de C.V. Class C1 7,361 66,157 #* Empresas ICA S.A.B. de C.V. 117,564 10,302 * Financiera Independencia S.A.B. de C.V. SOFOM ENR 32,800 5,712 Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR 12,159 1,226,600 * Genomma Lab Internacional S.A.B. de C.V. Class B 276,941 355,461 Gentera S.A.B. de C.V. 320,061 485,418 Gruma S.A.B. de C.V. Class B 70,384 970,451 * Grupo Aeromexico S.A.B. de C.V. 38,422 79,682 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. 66,130 417,712 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR 9,537 1,092,940 Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B 24,482 280,101 Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR 5,100 1,084,005 Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B 2,400 51,028 Grupo Bimbo S.A.B. de C.V. Series A 157,200 395,329 Grupo Carso S.A.B. de C.V. Series A1 97,100 405,581 Grupo Cementos de Chihuahua S.A.B. de C.V. 6,289 32,843 Grupo Comercial Chedraui S.A. de C.V. 113,794 238,422 Grupo Elektra S.A.B. de C.V. 13,973 624,482 * Grupo Famsa S.A.B. de C.V. Class A 110,408 63,755 Grupo Financiero Banorte S.A.B. de C.V. Class O 197,896 1,311,599 Grupo Financiero Inbursa S.A.B. de C.V. Class O 304,040 546,341 Grupo Financiero Interacciones SA de C.V. Class O 39,863 224,366 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B 226,927 465,390 * Grupo GICSA S.A. de C.V. 57,967 39,725 Grupo Herdez S.A.B. de C.V. Series * 97,105 218,674 Grupo Lala S.A.B. de C.V. 49,771 97,906 Grupo Lamosa S.A.B. de C.V. 35,276 77,775 Grupo Mexico S.A.B. de C.V. Series B 548,102 1,784,160 * Grupo Pochteca S.A.B. de C.V. 3,616 1,440 Grupo Sanborns S.A.B. de C.V. 43,962 53,216 * Grupo Simec S.A.B. de C.V. Series B 39,212 139,998 * Grupo Simec S.A.B. de C.V. Sponsored ADR 1,049 11,224 Grupo Televisa S.A.B. Series CPO 247,891 1,322,271 Grupo Televisa S.A.B. Sponsored ADR 23,672 630,149 * Hoteles City Express S.A.B. de C.V. 133,529 165,763 Impulsora del Desarrollo y El Empleo en America Latina * S.A.B. de C.V. 126,300 241,213 Industrias Bachoco S.A.B. de C.V. Series B 56,734 282,993 Industrias Bachoco S.A.B. de C.V. Sponsored ADR 742 44,379 * Industrias CH S.A.B. de C.V. Series B 75,552 366,163 Industrias Penoles S.A.B. de C.V. 37,584 922,579 Infraestructura Energetica Nova S.A.B. de C.V. 35,103 198,758 Kimberly-Clark de Mexico S.A.B. de C.V. Class A 255,812 514,426 * La Comer S.A.B. de C.V. 137,995 139,913 * Maxcom Telecomunicaciones S.A.B. de C.V. 3,793 1,475 Megacable Holdings S.A.B. de C.V. 96,919 401,885 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- MEXICO -- (Continued) Mexichem S.A.B. de C.V. 334,305 $ 953,950 * Minera Frisco S.A.B. de C.V. Class A1 70,600 44,971 Organizacion Cultiba S.A.B. de C.V. 12,061 10,975 * Organizacion Soriana S.A.B. de C.V. Class B 155,527 385,181 Promotora y Operadora de Infraestructura S.A.B. de C.V. 45,570 499,945 Promotora y Operadora de Infraestructura S.A.B. de C.V. 1,232 10,632 Qualitas Controladora S.A.B. de C.V. 57,781 95,812 Rassini S.A.B. de C.V. 12,946 61,805 * Telesites S.A.B. de C.V. 51,131 37,424 TV Azteca S.A.B. de C.V. 351,017 66,842 Vitro S.A.B. de C.V. Series A 14,205 63,778 Wal-Mart de Mexico S.A.B. de C.V. 155,904 360,806 ----------- TOTAL MEXICO 29,079,652 ----------- NETHERLANDS -- (2.1%) Aalberts Industries NV 38,684 1,689,006 ABN AMRO Group NV 34,117 964,325 Accell Group 10,226 311,727 Aegon NV(5927375) 274,581 1,539,150 Aegon NV(007924103) 90,321 503,088 * AFC Ajax NV 546 6,724 Akzo Nobel NV 50,592 4,580,299 * Altice NV Class A 17,214 424,109 * Altice NV Class B 5,112 126,294 AMG Advanced Metallurgical Group NV 14,549 502,233 Amsterdam Commodities NV 8,479 251,867 APERAM SA 21,739 1,056,585 Arcadis NV 25,151 514,344 #* ArcelorMittal(03938L203) 58,076 1,519,267 * ArcelorMittal(BYPBS67) 26,445 696,247 ASM International NV 20,246 1,218,359 ASML Holding NV 9,664 1,452,714 BE Semiconductor Industries NV 21,146 1,375,516 Beter Bed Holding NV 7,640 141,835 BinckBank NV 24,187 133,045 Boskalis Westminster 35,213 1,259,451 Brunel International NV 6,552 100,686 Coca-Cola European Partners P.L.C. 17,596 763,720 Corbion NV 24,222 782,282 Flow Traders 2,962 89,692 * Fugro NV 28,354 455,426 Gemalto NV 23,043 1,173,838 GrandVision NV 7,566 213,806 * Heijmans NV 7,697 65,094 Heineken NV 22,194 2,315,925 Hunter Douglas NV 1,697 148,489 IMCD Group NV 12,404 694,489 ING Groep NV 29,567 552,425 ING Groep NV Sponsored ADR 157,227 2,944,862 KAS Bank NV 4,269 49,252 Kendrion NV 5,725 244,233 Koninklijke Ahold Delhaize NV 233,772 4,781,584 Koninklijke Ahold Delhaize NV Sponsored ADR 787 16,081 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NETHERLANDS -- (Continued) Koninklijke BAM Groep NV 98,851 $ 587,807 Koninklijke DSM NV 66,455 4,902,272 Koninklijke KPN NV 708,216 2,568,237 Koninklijke Philips NV(500472303) 72,633 2,772,401 Koninklijke Philips NV(5986622) 47,730 1,824,052 Koninklijke Vopak NV 26,735 1,272,917 Nederland Apparatenfabriek 1,381 63,433 NN Group NV 64,141 2,599,882 * OCI NV 20,349 435,948 Ordina NV 54,448 101,742 PostNL NV 117,147 554,493 Randstad Holding NV 32,838 1,979,992 Refresco Group NV 11,200 218,835 RELX NV 60,337 1,267,343 RELX NV Sponsored ADR 12,919 272,724 SBM Offshore NV 80,084 1,384,910 Sligro Food Group NV 9,408 425,529 * Telegraaf Media Groep NV 4,962 35,355 TKH Group NV 15,418 942,996 * TomTom NV 28,748 305,155 Unilever NV(904784709) 33,744 1,962,889 Unilever NV(B12T3J1) 13,702 798,520 Van Lanschot Kempen NV 1,909 56,617 Wessanen 27,125 478,269 Wolters Kluwer NV 70,283 3,125,727 ----------- TOTAL NETHERLANDS 66,596,114 ----------- NEW ZEALAND -- (0.4%) * a2 Milk Co., Ltd. 129,455 429,297 Air New Zealand, Ltd. 219,465 552,519 Auckland International Airport, Ltd. 84,860 443,647 Chorus, Ltd. 134,324 450,118 Chorus, Ltd. ADR 2,187 35,626 Contact Energy, Ltd. 126,788 510,530 EBOS Group, Ltd. 22,507 305,750 Fisher & Paykel Healthcare Corp., Ltd. 98,156 808,797 Fletcher Building, Ltd.(6341606) 155,180 931,537 Fletcher Building, Ltd.(6341617) 12,299 73,861 Fonterra Co-operative Group, Ltd. 16,111 73,218 Freightways, Ltd. 30,285 180,790 Genesis Energy, Ltd. 90,815 169,170 Gentrack Group, Ltd. 4,355 16,356 Hallenstein Glasson Holdings, Ltd. 609 1,417 Heartland Bank, Ltd. 49,059 67,058 Infratil, Ltd. 113,815 264,233 Kathmandu Holdings, Ltd. 9,448 16,114 Mainfreight, Ltd. 27,756 506,523 Mercury NZ, Ltd. 92,649 242,290 Meridian Energy, Ltd. 67,998 147,091 Metlifecare, Ltd. 48,962 205,574 Metro Performance Glass, Ltd. 20,089 23,239 * New Zealand Oil & Gas, Ltd. 25,527 11,496 New Zealand Refining Co., Ltd. (The) 57,566 106,738 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NEW ZEALAND -- (Continued) NZME, Ltd. 83,243 $ 57,995 NZX, Ltd. 34,929 30,922 PGG Wrightson, Ltd. 8,757 3,816 Port of Tauranga, Ltd. 56,828 199,716 Restaurant Brands New Zealand, Ltd. 22,855 110,103 Ryman Healthcare, Ltd. 23,757 157,337 Sanford, Ltd. 16,333 89,010 SKY Network Television, Ltd. 121,524 302,045 SKYCITY Entertainment Group, Ltd. 237,724 721,440 Spark New Zealand, Ltd. 421,958 1,188,492 Steel & Tube Holdings, Ltd. 17,544 29,112 Summerset Group Holdings, Ltd. 73,386 267,326 Tilt Renewables, Ltd. 13,045 21,169 Tourism Holdings, Ltd. 58,498 188,152 * Tower, Ltd. 42,638 30,099 Trade Me Group, Ltd. 108,438 445,851 Trustpower, Ltd. 13,045 56,836 Vector, Ltd. 54,504 139,282 Warehouse Group, Ltd. (The) 43,907 71,230 * Xero, Ltd. 2,961 58,667 Z Energy, Ltd. 31,760 184,648 ----------- TOTAL NEW ZEALAND 10,926,237 ----------- NORWAY -- (0.6%) ABG Sundal Collier Holding ASA 147,410 102,244 AF Gruppen ASA 813 15,470 * Akastor ASA 62,139 127,294 Aker ASA Class A 10,276 389,131 Aker BP ASA 43,708 825,641 * Aker Solutions ASA 29,261 146,346 American Shipping Co. ASA 9,506 29,925 Atea ASA 35,638 436,973 Austevoll Seafood ASA 45,464 403,848 * Avance Gas Holding, Ltd. 18,822 57,542 * Axactor AB 217,910 70,807 Bakkafrost P/F 9,791 384,446 Bonheur ASA 7,354 75,877 Borregaard ASA 18,908 236,488 BW LPG, Ltd. 30,630 138,113 #* BW Offshore, Ltd. 47,788 147,283 DNB ASA 65,608 1,288,835 * DNO ASA 166,262 193,923 * DOF ASA 190,442 22,556 Ekornes ASA 10,616 153,991 Entra ASA 19,314 256,712 * Fred Olsen Energy ASA 20,918 30,579 Frontline, Ltd. 28,827 167,137 Gjensidige Forsikring ASA 16,480 285,224 # Golar LNG, Ltd. 3,007 71,597 Grieg Seafood ASA 33,933 278,570 * Hexagon Composites ASA 34,591 122,647 Hoegh LNG Holdings, Ltd. 6,703 75,170 * Kongsberg Automotive ASA 187,622 198,790 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- NORWAY -- (Continued) Kongsberg Gruppen ASA 6,562 $ 111,588 * Kvaerner ASA 58,803 85,828 Leroy Seafood Group ASA 68,880 399,802 Marine Harvest ASA 23,685 441,564 * NEL ASA 89,165 29,409 * Nordic Semiconductor ASA 18,887 93,282 Norsk Hydro ASA 163,972 1,058,037 * Norwegian Air Shuttle ASA 11,124 273,125 Ocean Yield ASA 18,531 158,304 * Odfjell Drilling, Ltd. 11,082 30,019 Odfjell SE Class A 2,716 10,233 Opera Software ASA 27,392 113,321 Orkla ASA 26,533 273,318 * Petroleum Geo-Services ASA 130,315 285,809 * Prosafe SE 3,967 15,343 Protector Forsikring ASA 24,198 236,825 * Q-Free ASA 7,742 8,747 * REC Silicon ASA 879,175 107,914 Salmar ASA 8,154 211,991 Scatec Solar ASA 17,891 104,965 Schibsted ASA Class A 3,700 94,390 Schibsted ASA Class B 3,700 86,553 #* Seadrill, Ltd.(B09RMQ1) 35,129 13,112 #* Seadrill, Ltd.(B0HWHV8) 79,622 29,357 Selvaag Bolig ASA 7,571 35,140 Skandiabanken ASA 1,915 21,555 * Solstad Farstad ASA 4,764 5,687 * Songa Offshore 14,020 62,857 SpareBank 1 SMN 7,596 76,707 SpareBank 1 SR-Bank ASA 45,651 455,640 Statoil ASA 95,311 1,791,282 Statoil ASA Sponsored ADR 35,821 672,002 Stolt-Nielsen, Ltd. 9,886 151,088 Storebrand ASA 120,597 1,005,928 Subsea 7 SA 78,522 1,163,529 Telenor ASA 29,211 583,155 TGS NOPEC Geophysical Co. ASA 40,842 863,099 Tomra Systems ASA 30,975 440,258 Treasure ASA 14,469 29,953 Veidekke ASA 16,742 221,312 * Wallenius Wilhelmsen Logistics 22,907 143,198 Wilh Wilhelmsen Holding ASA Class A 5,341 167,912 XXL ASA 1,683 16,393 Yara International ASA 15,955 634,150 ----------- TOTAL NORWAY 19,546,840 ----------- PERU -- (0.0%) Cementos Pacasmayo SAA ADR 2,701 31,083 Credicorp, Ltd. 3,175 587,819 * Fossal SAA ADR 342 369 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- PERU -- (Continued) * Grana y Montero SAA Sponsored ADR 10,766 $ 34,344 -------- TOTAL PERU 653,615 -------- PHILIPPINES -- (0.3%) Aboitiz Equity Ventures, Inc. 88,530 133,283 Aboitiz Power Corp. 172,300 133,129 Alliance Global Group, Inc. 704,800 200,512 * Atlas Consolidated Mining & Development Corp. 113,900 12,190 Ayala Corp. 11,560 198,045 Ayala Land, Inc. 233,300 194,165 Bank of the Philippine Islands 84,575 175,254 BDO Unibank, Inc. 231,747 577,895 Belle Corp. 1,295,800 97,319 * Bloomberry Resorts Corp. 702,800 122,620 Cebu Air, Inc. 79,700 159,520 Century Pacific Food, Inc. 145,500 53,221 Century Properties Group, Inc. 730,005 7,521 China Banking Corp. 94,322 68,120 Cosco Capital, Inc. 833,000 127,626 D&L Industries, Inc. 405,200 98,434 DMCI Holdings, Inc. 862,650 275,163 * DoubleDragon Properties Corp. 68,060 62,050 East West Banking Corp. 103,700 65,662 EEI Corp. 181,100 45,592 Emperador, Inc. 194,100 28,803 * Empire East Land Holdings, Inc. 1,000,000 14,865 Energy Development Corp. 3,340,300 395,192 Filinvest Land, Inc. 3,876,000 135,991 First Gen Corp. 306,300 105,014 First Philippine Holdings Corp. 96,560 126,292 * Global Ferronickel Holdings, Inc. 210,000 10,982 Globe Telecom, Inc. 5,830 244,585 GT Capital Holdings, Inc. 6,115 147,055 Integrated Micro-Electronics, Inc. 99,000 25,901 International Container Terminal Services, Inc. 118,670 251,129 JG Summit Holdings, Inc. 137,820 217,097 Jollibee Foods Corp. 36,420 162,285 * Lepanto Consolidated Mining Co. 269,000 1,020 Lopez Holdings Corp. 713,700 98,973 LT Group, Inc. 504,600 176,084 Manila Electric Co. 18,880 104,400 Manila Water Co., Inc. 292,500 185,414 * Megawide Construction Corp. 290,100 100,857 Megaworld Corp. 3,317,000 315,517 * Melco Resorts And Entertainment Philippines Corp. 425,000 75,824 Metro Pacific Investments Corp. 1,601,300 215,421 Metropolitan Bank & Trust Co. 69,822 120,411 Nickel Asia Corp. 303,700 36,096 Pepsi-Cola Products Philippines, Inc. 343,700 21,800 Petron Corp. 814,000 152,630 Philex Mining Corp. 384,300 67,359 Philippine National Bank 95,595 126,913 Philippine Stock Exchange, Inc. (The) 312 1,483 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- PHILIPPINES -- (Continued) Philweb Corp. 57,200 $ 10,616 Phinma Energy Corp. 357,000 13,509 Phoenix Petroleum Philippines, Inc. 130,700 31,558 PLDT, Inc. 3,850 124,909 PLDT, Inc. Sponsored ADR 4,722 153,323 Premium Leisure Corp. 1,877,000 59,520 Puregold Price Club, Inc. 165,800 154,818 RFM Corp. 196,000 17,468 Rizal Commercial Banking Corp. 90,960 102,738 Robinsons Land Corp. 543,100 276,716 Robinsons Retail Holdings, Inc. 53,260 91,470 San Miguel Corp. 100,480 202,277 San Miguel Pure Foods Co., Inc. 2,710 16,543 Security Bank Corp. 103,104 477,998 Semirara Mining & Power Corp. 59,310 199,232 SM Investments Corp. 4,905 78,440 SM Prime Holdings, Inc. 136,926 94,746 * Top Frontier Investment Holdings, Inc. 3,465 20,943 Union Bank of the Philippines 77,815 133,027 Universal Robina Corp. 67,390 214,957 Vista Land & Lifescapes, Inc. 2,405,500 285,452 ---------- TOTAL PHILIPPINES 9,232,974 ---------- POLAND -- (0.4%) * Agora SA 8,317 36,800 * Alior Bank SA 16,460 293,221 Amica SA 302 13,671 * AmRest Holdings SE 639 65,705 Asseco Poland SA 28,233 354,884 Bank Handlowy w Warszawie SA 3,641 71,933 * Bank Millennium SA 158,532 340,225 Bank Pekao SA 4,354 154,706 Bank Zachodni WBK SA 1,804 190,468 * Bioton SA 9,806 15,660 * Boryszew SA 54,851 166,415 Budimex SA 2,209 135,876 CCC SA 3,260 221,274 CD Projekt SA 12,992 312,585 * Ciech SA 16,145 259,221 ComArch SA 244 13,821 Cyfrowy Polsat SA 47,451 338,239 Dom Development SA 587 12,464 * Emperia Holding SA 2,574 60,701 Enea SA 97,222 409,819 Energa SA 40,209 142,368 Eurocash SA 13,468 133,041 * Famur SA 6,474 10,794 * Getin Holding SA 65,107 24,084 * Getin Noble Bank SA 108,730 42,613 Grupa Azoty SA 9,996 195,510 Grupa Kety SA 2,251 262,072 * Grupa Lotos SA 44,743 604,588 * Impexmetal SA 38,718 47,401 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- POLAND -- (Continued) * ING Bank Slaski SA 4,169 $ 229,221 Inter Cars SA 1,704 135,389 * Jastrzebska Spolka Weglowa SA 15,938 366,916 Kernel Holding SA 24,108 426,533 KGHM Polska Miedz SA 30,797 1,047,755 LC Corp. SA 51,834 27,547 LPP SA 125 243,612 Lubelski Wegiel Bogdanka SA 1,646 32,845 * mBank SA 2,316 292,961 Netia SA 114,614 126,187 Neuca SA 432 39,377 * Orange Polska SA 109,497 166,054 Orbis SA 4,643 110,404 Pfleiderer Group SA 2,336 29,566 PGE Polska Grupa Energetyczna SA 188,250 686,017 * PKP Cargo SA 3,460 59,664 * Polnord SA 9,078 25,857 Polski Koncern Naftowy Orlen SA 53,743 1,591,191 Polskie Gornictwo Naftowe i Gazownictwo SA 101,680 188,978 * Powszechna Kasa Oszczednosci Bank Polski SA 44,857 459,266 Powszechny Zaklad Ubezpieczen SA 24,594 302,955 * Rafako SA 12,972 22,304 Stalprodukt SA 407 56,571 Synthos SA 180,014 222,308 * Tauron Polska Energia SA 435,059 461,071 Trakcja SA 14,934 56,406 Warsaw Stock Exchange 7,495 97,887 Wawel SA 43 13,441 ----------- TOTAL POLAND 12,448,442 ----------- PORTUGAL -- (0.2%) Altri SGPS SA 42,109 191,240 * Banco Comercial Portugues SA Class R 2,677,760 763,269 CTT-Correios de Portugal SA 21,026 137,111 EDP - Energias de Portugal SA 150,256 533,476 EDP Renovaveis SA 66,089 528,173 Galp Energia SGPS SA 81,676 1,308,492 Jeronimo Martins SGPS SA 31,231 614,261 Mota-Engil SGPS SA 41,754 117,454 Navigator Co. SA (The) 121,116 522,035 NOS SGPS SA 92,931 591,410 REN - Redes Energeticas Nacionais SGPS SA 71,755 232,522 Semapa-Sociedade de Investimento e Gestao 12,365 240,329 Sonae Capital SGPS SA 50,652 48,366 Sonae SGPS SA 421,863 484,789 Teixeira Duarte SA 25,644 10,065 ----------- TOTAL PORTUGAL 6,322,992 ----------- RUSSIA -- (0.3%) Etalon Group, Ltd. GDR(29760G103) 12,422 44,409 Etalon Group, Ltd. GDR(B5TWX80) 36,272 129,904 Gazprom PJSC Sponsored ADR 368,756 1,435,468 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- RUSSIA -- (Continued) Globaltrans Investment P.L.C. GDR 7,974 $ 61,480 Globaltrans Investment P.L.C. Sponsored GDR 12,202 94,043 * Lenta, Ltd. GDR(52634T200) 8,094 48,564 * Lenta, Ltd. GDR(BJ621Y903) 12,540 75,280 Lukoil PJSC Sponsored ADR(BYZDW2900) 7,792 363,070 Lukoil PJSC Sponsored ADR(69343P105) 6,482 305,561 Magnitogorsk Iron & Steel Works PJSC Sponsored GDR 38,822 289,005 * Mail.Ru Group, Ltd. GDR 3,950 109,143 * Mechel PJSC Sponsored ADR 16,260 77,398 MegaFon PJSC GDR 11,182 107,338 MMC Norilsk Nickel PJSC ADR 9,287 137,815 Novatek PJSC GDR(B0DK75903) 838 87,798 Novatek PJSC GDR(669888109) 178 18,619 Novolipetsk Steel PJSC GDR 16,393 342,506 PhosAgro PJSC GDR 8,962 122,952 Ros Agro P.L.C. GDR 3,044 36,549 Rosneft Oil Co. PJSC GDR(67812M207) 4,097 21,018 Rosneft Oil Co. PJSC GDR(B17FSC901) 56,263 288,971 Rostelecom PJSC Sponsored ADR(778529107) 1,222 7,912 Rostelecom PJSC Sponsored ADR(B114RM901) 7,748 51,031 RusHydro PJSC ADR 218,605 273,266 Sberbank of Russia PJSC Sponsored ADR(80585Y308) 4,655 54,673 Sberbank of Russia PJSC Sponsored ADR(B5SC09903) 96,521 1,123,763 Severstal PJSC GDR 15,052 206,859 Tatneft PJSC Sponsored ADR 17,234 664,557 TMK PJSC GDR(87260R201) 23,560 123,219 TMK PJSC GDR(B1FY0V909) 3,193 16,690 VEON, Ltd. 94,715 387,384 VTB Bank PJSC GDR(B1W7FX909) 80,161 154,685 VTB Bank PJSC GDR(46630Q202) 141,453 273,004 * X5 Retail Group NV GDR 12,244 473,655 ---------- TOTAL RUSSIA 8,007,589 ---------- SINGAPORE -- (0.9%) * Abterra, Ltd. 22,000 3,720 # Accordia Golf Trust 283,200 147,272 AEM Holdings, Ltd. 12,300 24,501 Amara Holdings, Ltd. 25,000 9,403 Aspial Corp., Ltd. 58,100 11,110 * Banyan Tree Holdings, Ltd. 107,700 43,694 Bonvests Holdings, Ltd. 22,000 21,173 * Boustead Projects, Ltd. 15,189 10,454 Boustead Singapore, Ltd. 132,133 92,521 Breadtalk Group, Ltd. 27,000 34,870 Bukit Sembawang Estates, Ltd. 22,000 110,500 Bund Center Investment, Ltd. 64,750 37,534 CapitaLand, Ltd. 292,600 795,970 Centurion Corp., Ltd. 75,300 28,621 China Aviation Oil Singapore Corp., Ltd. 33,600 40,656 China Sunsine Chemical Holdings, Ltd. 80,600 53,020 Chip Eng Seng Corp., Ltd. 230,000 122,955 CITIC Envirotech, Ltd. 77,200 42,798 City Developments, Ltd. 47,900 397,602 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- SINGAPORE -- (Continued) Civmec, Ltd. 16,000 $ 7,201 ComfortDelGro Corp., Ltd. 270,900 461,563 #* COSCO Shipping International Singapore Co., Ltd. 554,100 124,565 CSE Global, Ltd. 225,000 68,865 # CWT, Ltd. 132,800 202,747 Dairy Farm International Holdings, Ltd. 17,000 137,065 DBS Group Holdings, Ltd. 137,052 2,186,475 Del Monte Pacific, Ltd. 179,159 40,942 Delfi, Ltd. 7,000 10,353 * Dyna-Mac Holdings, Ltd. 150,000 15,258 Elec & Eltek International Co., Ltd. 5,000 8,299 #* Ezion Holdings, Ltd. 711,854 126,066 #* Ezra Holdings, Ltd. 767,465 4,701 * Falcon Energy Group, Ltd. 66,000 2,629 Far East Orchard, Ltd. 34,076 38,903 First Resources, Ltd. 207,600 286,277 Food Empire Holdings, Ltd. 98,900 48,092 Fragrance Group, Ltd. 206,000 24,949 Frasers Centrepoint, Ltd. 77,800 110,518 Frencken Group, Ltd. 45,900 16,899 * Gallant Venture, Ltd. 282,900 28,843 Genting Singapore P.L.C. 261,400 224,593 # Geo Energy Resources, Ltd. 267,800 50,361 GL, Ltd. 132,000 71,585 Global Logistic Properties, Ltd. 129,100 315,085 Golden Agri-Resources, Ltd. 2,234,900 650,761 * Golden Energy & Resources, Ltd. 54,500 15,249 Great Eastern Holdings, Ltd. 4,000 73,762 GuocoLand, Ltd. 69,666 97,893 * Halcyon Agri Corp., Ltd. 115,356 46,869 Health Management International, Ltd. 70,800 34,725 Hi-P International, Ltd. 139,000 104,580 Hiap Hoe, Ltd. 39,000 21,314 Ho Bee Land, Ltd. 93,800 167,370 Hong Fok Corp., Ltd. 141,220 81,725 Hong Leong Asia, Ltd. 58,300 46,630 Hongkong Land Holdings, Ltd. 22,200 166,822 Hotel Grand Central, Ltd. 39,455 39,312 Hutchison Port Holdings Trust 1,747,900 829,733 Hyflux, Ltd. 291,500 103,174 Indofood Agri Resources, Ltd. 175,000 63,925 Japfa, Ltd. 203,300 86,935 Jardine Cycle & Carriage, Ltd. 8,255 245,809 Keppel Corp., Ltd. 302,400 1,430,106 Keppel Infrastructure Trust 664,757 269,747 Koh Brothers Group, Ltd. 48,000 10,254 KSH Holdings, Ltd. 66,000 39,698 Lian Beng Group, Ltd. 154,500 68,978 Low Keng Huat Singapore, Ltd. 66,000 31,039 # M1, Ltd. 84,000 111,877 Mandarin Oriental International, Ltd. 7,300 14,758 * Midas Holdings, Ltd. 550,500 83,156 * Nam Cheong, Ltd. 302,000 4,457 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) Nera Telecommunications, Ltd. 53,000 $ 14,862 #* Noble Group, Ltd. 397,620 109,781 Olam International, Ltd. 194,300 279,547 OUE, Ltd. 201,700 297,611 Oversea-Chinese Banking Corp., Ltd. 278,582 2,333,224 Oxley Holdings, Ltd. 221,900 94,893 Pan-United Corp., Ltd. 53,750 22,223 * Penguin International, Ltd. 41,666 8,017 # Q&M Dental Group Singapore, Ltd. 94,100 44,424 QAF, Ltd. 92,707 89,262 * Raffles Education Corp., Ltd. 110,370 15,768 Raffles Medical Group, Ltd. 246,120 233,507 RHT Health Trust 271,700 178,375 Riverstone Holdings, Ltd. 54,200 42,193 Rotary Engineering, Ltd. 55,000 14,596 * Rowsley, Ltd. 380,900 33,403 SATS, Ltd. 135,870 484,089 SBS Transit, Ltd. 11,500 21,803 SembCorp Industries, Ltd. 465,400 1,108,379 SembCorp Marine, Ltd. 144,400 179,447 Sheng Siong Group, Ltd. 164,000 114,353 SHS Holdings, Ltd. 97,000 15,763 SIA Engineering Co., Ltd. 18,800 50,474 SIIC Environment Holdings, Ltd. 471,300 168,678 Sinarmas Land, Ltd. 520,200 162,976 Sing Holdings, Ltd. 16,000 4,364 Singapore Airlines, Ltd. 141,200 1,082,101 Singapore Exchange, Ltd. 59,000 329,298 # Singapore Post, Ltd. 412,500 400,057 Singapore Technologies Engineering, Ltd. 98,000 272,502 Singapore Telecommunications, Ltd. 390,000 1,141,621 #* Sino Grandness Food Industry Group, Ltd. 226,909 36,785 Stamford Land Corp., Ltd. 150,000 57,597 # StarHub, Ltd. 125,500 252,771 Sunningdale Tech, Ltd. 56,500 84,164 * Swiber Holdings, Ltd. 105,749 1,592 Tai Sin Electric, Ltd. 51,900 16,872 * Tat Hong Holdings, Ltd. 181,200 49,423 Tuan Sing Holdings, Ltd. 223,607 55,163 UMS Holdings, Ltd. 156,000 121,945 United Engineers, Ltd. 219,200 423,444 United Industrial Corp., Ltd. 109,813 260,051 United Overseas Bank, Ltd. 81,322 1,439,041 UOB-Kay Hian Holdings, Ltd. 73,490 74,824 UOL Group, Ltd. 123,455 718,314 UPP Holdings, Ltd. 64,000 12,272 Valuetronics Holdings, Ltd. 169,180 101,083 Venture Corp., Ltd. 103,600 1,006,441 Vibrant Group, Ltd. 38,717 11,012 Wee Hur Holdings, Ltd. 112,500 19,936 # Wheelock Properties Singapore, Ltd. 111,100 153,255 Wilmar International, Ltd. 198,600 488,905 Wing Tai Holdings, Ltd. 296,300 445,893 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SINGAPORE -- (Continued) Yeo Hiap Seng, Ltd. 7,068 $ 6,753 * Yongnam Holdings, Ltd. 124,875 21,658 ----------- TOTAL SINGAPORE 26,788,651 ----------- SOUTH AFRICA -- (1.8%) Adcock Ingram Holdings, Ltd. 27,649 133,541 Adcorp Holdings, Ltd. 30,200 32,314 Advtech, Ltd. 199,342 271,507 Aeci, Ltd. 49,414 397,302 African Oxygen, Ltd. 21,153 30,190 * African Phoenix Investments, Ltd. 160,097 8,628 African Rainbow Minerals, Ltd. 51,607 367,651 Afrimat, Ltd. 5,399 11,020 Alexander Forbes Group Holdings, Ltd. 57,547 29,546 Alviva Holdings, Ltd. 47,454 73,231 * Anglo American Platinum, Ltd. 4,627 113,308 AngloGold Ashanti, Ltd. 12,503 126,319 AngloGold Ashanti, Ltd. Sponsored ADR 171,502 1,718,450 * ArcelorMittal South Africa, Ltd. 140,868 53,629 Ascendis Health, Ltd. 67,523 102,603 Aspen Pharmacare Holdings, Ltd. 35,657 747,361 Assore, Ltd. 13,290 215,242 Astral Foods, Ltd. 19,828 218,109 * Attacq, Ltd. 108,024 146,781 * Aveng, Ltd. 190,626 75,412 AVI, Ltd. 146,804 1,091,795 Barclays Africa Group, Ltd. 104,397 1,146,060 Barloworld, Ltd. 101,492 913,314 Bid Corp., Ltd. 62,747 1,506,925 Bidvest Group, Ltd. (The) 121,328 1,544,460 Blue Label Telecoms, Ltd. 196,376 252,550 Capitec Bank Holdings, Ltd. 14,213 927,159 Cashbuild, Ltd. 9,638 262,625 Caxton and CTP Publishers and Printers, Ltd. 3,193 2,969 City Lodge Hotels, Ltd. 14,816 158,700 Clicks Group, Ltd. 58,328 661,336 Clover Industries, Ltd. 11,109 14,133 * Consolidated Infrastructure Group, Ltd. 44,600 53,460 Coronation Fund Managers, Ltd. 68,589 355,044 * Curro Holdings, Ltd. 28,501 91,805 DataTec, Ltd. 90,498 394,339 Discovery, Ltd. 87,048 926,620 Distell Group, Ltd. 6,784 74,777 DRDGOLD, Ltd. 120,113 40,095 EOH Holdings, Ltd. 52,848 432,161 * Evraz Highveld Steel and Vanadium, Ltd. 4,215 8 Exxaro Resources, Ltd. 63,437 523,830 Famous Brands, Ltd. 23,381 206,864 FirstRand, Ltd. 524,936 2,064,841 Foschini Group, Ltd. (The) 103,190 1,187,876 Gold Fields, Ltd. 35,658 142,249 Gold Fields, Ltd. Sponsored ADR 382,099 1,524,575 Grand Parade Investments, Ltd. 20,425 5,115 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH AFRICA -- (Continued) * Grindrod, Ltd. 239,421 $ 224,872 Group Five, Ltd. 29,546 38,190 Harmony Gold Mining Co., Ltd. 14,209 25,392 Harmony Gold Mining Co., Ltd. Sponsored ADR 126,866 229,627 Holdsport, Ltd. 7,512 38,140 Hudaco Industries, Ltd. 10,278 98,400 Hulamin, Ltd. 57,757 28,056 * Impala Platinum Holdings, Ltd. 202,489 540,648 Imperial Holdings, Ltd. 72,325 955,333 Investec, Ltd. 46,599 348,751 Invicta Holdings, Ltd. 6,662 27,032 JSE, Ltd. 54,378 544,440 KAP Industrial Holdings, Ltd. 222,615 135,542 * Kumba Iron Ore, Ltd. 23,130 345,238 Lewis Group, Ltd. 58,479 136,672 Liberty Holdings, Ltd. 49,345 423,336 Life Healthcare Group Holdings, Ltd. 544,976 1,047,395 Massmart Holdings, Ltd. 60,463 507,838 Merafe Resources, Ltd. 657,825 67,861 Metair Investments, Ltd. 59,407 87,422 MMI Holdings, Ltd. 465,433 730,004 Mondi, Ltd. 24,210 628,553 Mpact, Ltd. 59,562 124,333 Mr. Price Group, Ltd. 60,261 791,928 MTN Group, Ltd. 297,667 2,676,567 Murray & Roberts Holdings, Ltd. 181,217 190,453 * Nampak, Ltd. 226,837 328,970 Naspers, Ltd. Class N 3,432 758,659 Nedbank Group, Ltd. 43,368 721,317 * NEPI Rockcastle P.L.C. 27,453 365,693 Netcare, Ltd. 253,546 471,844 * Northam Platinum, Ltd. 110,466 384,471 Oceana Group, Ltd. 20,706 148,366 Omnia Holdings, Ltd. 26,191 270,433 Peregrine Holdings, Ltd. 95,373 216,950 Pick n Pay Stores, Ltd. 114,207 549,677 Pioneer Foods Group, Ltd. 54,309 576,996 * PPC, Ltd. 468,742 169,917 PSG Group, Ltd. 32,198 632,061 Raubex Group, Ltd. 47,150 84,813 RCL Foods, Ltd. 37,465 45,181 Reunert, Ltd. 72,688 396,508 Rhodes Food Group Pty, Ltd. 27,477 47,420 * Royal Bafokeng Platinum, Ltd. 23,448 54,560 Sanlam, Ltd. 323,731 1,630,484 Santam, Ltd. 17,080 314,056 Sappi, Ltd. 201,804 1,336,764 Sasol, Ltd. 3,423 103,176 Sasol, Ltd. Sponsored ADR 67,753 2,042,075 Shoprite Holdings, Ltd. 43,729 669,048 Sibanye Gold, Ltd. 545,909 696,793 # Sibanye Gold, Ltd. Sponsored ADR 46,975 242,391 SPAR Group, Ltd. (The) 84,390 1,057,751 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SOUTH AFRICA -- (Continued) Spur Corp., Ltd. 15,861 $ 33,911 Standard Bank Group, Ltd. 182,180 2,263,182 * Stefanutti Stocks Holdings, Ltd. 21,041 4,955 Steinhoff International Holdings NV 314,204 1,572,266 Sun International, Ltd. 30,539 128,590 * Super Group, Ltd. 170,853 472,493 Telkom SA SOC, Ltd. 135,080 666,750 Tiger Brands, Ltd. 29,496 894,298 Tongaat Hulett, Ltd. 57,378 517,010 Transaction Capital, Ltd. 24,300 27,317 Trencor, Ltd. 61,661 164,874 Truworths International, Ltd. 222,248 1,274,992 Tsogo Sun Holdings, Ltd. 184,701 320,524 Vodacom Group, Ltd. 18,968 256,310 Wilson Bayly Holmes-Ovcon, Ltd. 24,669 256,304 Woolworths Holdings, Ltd. 187,361 895,455 ----------- TOTAL SOUTH AFRICA 56,435,457 ----------- SOUTH KOREA -- (4.1%) ABco Electronics Co., Ltd. 3,072 23,024 #* Actoz Soft Co., Ltd. 1,966 25,372 Advanced Nano Products Co., Ltd. 930 13,060 Aekyung Petrochemical Co., Ltd. 6,520 90,377 AfreecaTV Co., Ltd. 1,311 28,128 * Agabang&Company 6,773 35,063 # Ahnlab, Inc. 579 27,030 AJ Networks Co., Ltd. 4,000 24,844 * AJ Rent A Car Co., Ltd. 6,524 58,929 * Ajin Industrial Co., Ltd. 2,948 17,718 AK Holdings, Inc. 2,278 145,914 ALUKO Co., Ltd. 7,857 30,205 Amorepacific Corp. 1,320 334,439 AMOREPACIFIC Group 5,630 611,082 * Amotech Co., Ltd. 3,651 88,106 #* APS Holdings Corp. 3,519 35,474 Asia Cement Co., Ltd. 490 38,084 ASIA Holdings Co., Ltd. 778 79,230 Asia Paper Manufacturing Co., Ltd. 1,774 31,546 * Asiana Airlines, Inc. 49,270 227,720 Autech Corp. 5,453 61,856 #* Automobile & PCB 20,938 26,564 Avaco Co., Ltd. 3,211 21,506 Avatec Co., Ltd. 4,139 28,689 Baiksan Co., Ltd. 6,645 57,941 #* Barunson Entertainment & Arts Corp. 21,239 41,005 Binggrae Co., Ltd. 1,570 93,983 Bluecom Co., Ltd. 3,526 26,971 BNK Financial Group, Inc. 104,973 1,060,707 #* Bohae Brewery Co., Ltd. 17,410 15,870 * Boryung Medience Co., Ltd. 1,691 13,409 Boryung Pharmaceutical Co., Ltd. 868 32,371 #* Bosung Power Technology Co., Ltd. 11,167 25,881 * Brain Contents Co., Ltd. 23,044 24,324 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) * Bubang Co., Ltd. 10,013 $ 31,386 Byucksan Corp. 16,107 51,819 #* CammSys Corp. 14,666 34,983 #* Capro Corp. 15,677 84,359 Cell Biotech Co., Ltd. 1,655 52,593 * Celltrion Pharm, Inc. 2,310 41,189 #* Celltrion, Inc. 2,913 282,319 * Chabiotech Co., Ltd. 5,500 58,980 Changhae Ethanol Co., Ltd. 2,226 36,340 Cheil Worldwide, Inc. 9,650 175,480 * Chemtronics Co., Ltd. 2,970 20,140 * Chin Hung International, Inc. 4,637 9,173 * China Great Star International, Ltd. 40,361 48,741 Chinyang Holdings Corp. 6,039 17,226 Chokwang Paint, Ltd. 1,963 20,326 Chong Kun Dang Pharmaceutical Corp. 1,501 150,942 Chongkundang Holdings Corp. 611 36,410 Chungdahm Learning, Inc. 2,571 38,703 CJ CGV Co., Ltd. 2,736 169,457 # CJ CheilJedang Corp. 2,192 724,481 CJ Corp. 3,789 656,785 CJ E&M Corp. 5,469 364,880 CJ Freshway Corp. 1,428 53,542 CJ Hellovision Co., Ltd. 10,705 83,323 * CJ Korea Express Corp. 822 136,934 CJ O Shopping Co., Ltd. 1,355 240,786 CKD Bio Corp. 1,355 25,743 Com2uSCorp 2,534 259,632 Cosmax BTI, Inc. 1,158 25,813 Cosmax, Inc. 1,499 138,458 * Cosmochemical Co., Ltd. 1,145 11,405 #* COSON Co., Ltd. 3,057 29,194 Coway Co., Ltd. 5,146 455,586 * Crown Confectionery Co., Ltd. 3,206 60,031 CROWNHAITAI Holdings Co., Ltd. 2,489 51,924 * CrucialTec Co., Ltd. 11,146 31,342 CS Wind Corp. 1,288 30,853 * CTC BIO, Inc. 5,077 34,429 # D.I Corp. 7,893 32,312 Dae Dong Industrial Co., Ltd. 1,610 10,226 Dae Hyun Co., Ltd. 11,980 31,731 * Dae Won Chemical Co., Ltd. 6,000 13,783 Dae Won Kang Up Co., Ltd. 9,910 38,336 * Dae Young Packaging Co., Ltd. 26,795 20,977 Dae-Il Corp. 7,510 70,422 #* Daea TI Co., Ltd. 26,134 43,196 * Daechang Co., Ltd. 10,260 10,957 Daeduck Electronics Co. 11,360 113,612 Daeduck GDS Co., Ltd. 7,981 134,652 Daehan New Pharm Co., Ltd. 2,481 24,167 Daehan Steel Co., Ltd. 5,480 68,069 * Daekyung Machinery & Engineering Co., Ltd. 27,865 14,746 Daelim B&Co Co., Ltd. 2,393 17,311 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Daelim Industrial Co., Ltd. 8,179 $ 670,247 Daeryuk Can Co., Ltd. 3,847 24,237 Daesang Corp. 7,306 167,783 Daesang Holdings Co., Ltd. 5,320 52,061 #* Daewon Cable Co., Ltd. 24,654 27,848 * Daewon Media Co., Ltd. 2,936 18,368 Daewon Pharmaceutical Co., Ltd. 2,373 39,885 * Daewoo Engineering & Construction Co., Ltd. 28,310 207,346 * Daewoo Shipbuilding & Marine Engineering Co., Ltd. 36,833 27,648 Daewoong Co., Ltd. 6,975 94,416 Daewoong Pharmaceutical Co., Ltd. 956 79,609 Daihan Pharmaceutical Co., Ltd. 2,245 72,905 Daishin Securities Co., Ltd. 21,293 291,205 * Danal Co., Ltd. 2,089 10,046 * Dasan Networks, Inc. 1,978 9,453 Dayou Automotive Seat Technology Co., Ltd. 37,291 44,640 DGB Financial Group, Inc. 67,849 724,804 Digital Chosun Co., Ltd. 7,566 15,429 * Digital Optics Co., Ltd. 7,305 15,053 Digital Power Communications Co., Ltd. 10,110 41,086 #* DIO Corp. 2,543 79,420 Display Tech Co., Ltd. 4,344 15,727 # DMS Co., Ltd. 3,148 27,693 * DNF Co., Ltd. 3,673 51,370 Dong Ah Tire & Rubber Co., Ltd. 3,857 94,886 Dong-A Socio Holdings Co., Ltd. 701 80,877 Dong-A ST Co., Ltd. 517 38,349 Dong-Ah Geological Engineering Co., Ltd. 2,346 28,699 Dong-Il Corp. 165 8,505 Dongbang Transport Logistics Co., Ltd. 10,932 16,509 * DONGBU Co., Ltd. 46,570 30,951 * Dongbu Corp. 1,779 24,385 * Dongbu HiTek Co., Ltd. 9,811 167,649 Dongbu Insurance Co., Ltd. 21,556 1,542,824 * Dongbu Securities Co., Ltd. 20,826 74,461 Dongil Industries Co., Ltd. 419 28,081 Dongjin Semichem Co., Ltd. 11,572 174,790 * Dongkook Industrial Co., Ltd. 9,365 18,659 DongKook Pharmaceutical Co., Ltd. 327 17,590 Dongkuk Industries Co., Ltd. 10,754 45,453 Dongkuk Steel Mill Co., Ltd. 22,611 289,863 # Dongkuk Structures & Construction Co., Ltd. 5,855 33,486 Dongsuh Cos., Inc. 2,175 57,446 Dongsung Chemical Co., Ltd. 1,451 22,768 DONGSUNG Corp. 8,113 46,836 Dongsung Finetec Co., Ltd. 3,946 21,120 Dongwha Enterprise Co., Ltd. 1,121 36,514 Dongwha Pharm Co., Ltd. 4,862 35,541 Dongwon Development Co., Ltd. 14,617 65,321 Dongwon F&B Co., Ltd. 458 88,402 Dongwon Industries Co., Ltd. 550 136,098 Dongwon Systems Corp. 557 26,483 Dongyang E&P, Inc. 1,741 20,444 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) * Dongyang Steel Pipe Co., Ltd. 18,878 $ 21,845 Doosan Corp. 3,852 406,160 * Doosan Engine Co., Ltd. 19,065 70,302 Doosan Heavy Industries & Construction Co., Ltd. 19,308 355,494 * Doosan Infracore Co., Ltd. 53,166 382,602 Douzone Bizon Co., Ltd. 4,560 142,256 * Dragonfly GF Co., Ltd. 2,683 11,274 DRB Holding Co., Ltd. 4,488 38,221 # DSR Wire Corp. 4,487 24,947 Duksung Co., Ltd. 4,544 18,326 DY Corp. 8,589 55,280 DY POWER Corp. 2,190 34,777 e Tec E&C, Ltd. 651 79,938 e-LITECOM Co., Ltd. 3,410 28,408 E-MART, Inc. 5,424 1,231,297 E1 Corp. 840 45,945 Eagon Industrial, Ltd. 2,350 19,841 # Easy Bio, Inc. 18,047 111,594 #* EcoBio Holdings Co., Ltd. 3,056 25,920 #* Ecopro Co., Ltd. 4,292 113,313 #* Ehwa Technologies Information Co., Ltd. 38,388 11,893 Elentec Co., Ltd. 8,635 38,790 EM-Tech Co., Ltd. 4,957 60,044 * Emerson Pacific, Inc. 1,198 33,025 * EMW Co., Ltd. 7,403 16,438 Enex Co., Ltd. 10,966 20,469 ENF Technology Co., Ltd. 2,889 56,219 # Eo Technics Co., Ltd. 1,515 113,373 Estechpharma Co., Ltd. 2,307 20,290 Eugene Corp. 27,119 152,636 * Eugene Investment & Securities Co., Ltd. 49,862 164,441 Eugene Technology Co., Ltd. 1,646 25,203 Eusu Holdings Co., Ltd. 6,296 42,851 EVERDIGM Corp. 5,587 61,885 F&F Co., Ltd. 2,079 52,098 Farmsco 6,803 74,192 * FarmStory Co., Ltd. 27,766 35,609 # Feelux Co., Ltd. 8,814 24,799 Fila Korea, Ltd. 1,938 128,156 # Fine Technix Co., Ltd. 12,615 27,406 * Foosung Co., Ltd. 7,831 76,941 #* G-SMATT GLOBAL Co., Ltd. 2,416 29,223 #* Gamevil, Inc. 1,058 52,069 Gaon Cable Co., Ltd. 1,340 30,879 Geumhwa PSC Co., Ltd. 634 21,287 * Global Display Co., Ltd. 5,442 19,278 #* GNCO Co., Ltd. 24,520 45,696 Golfzon Co., Ltd. 902 40,915 GOLFZONNEWDIN Co., Ltd. 11,193 56,243 Grand Korea Leisure Co., Ltd. 3,956 81,188 Green Cross Corp. 413 67,918 Green Cross Holdings Corp. 6,914 202,699 #* GS Engineering & Construction Corp. 15,000 426,537 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) * GS Global Corp. 24,411 $ 67,612 GS Holdings Corp. 24,044 1,620,736 GS Retail Co., Ltd. 2,410 104,199 * Halla Corp. 3,187 14,130 Halla Holdings Corp. 3,971 234,014 Han Kuk Carbon Co., Ltd. 9,360 50,127 Hana Financial Group, Inc. 40,441 1,845,197 * Hana Micron, Inc. 5,142 23,283 Hana Tour Service, Inc. 1,927 146,665 Hancom, Inc. 2,680 38,299 Handok, Inc. 929 20,891 Handsome Co., Ltd. 5,222 168,461 Hanil Cement Co., Ltd. 1,727 191,214 * Hanjin Heavy Industries & Construction Co., Ltd. 37,545 148,783 * Hanjin Heavy Industries & Construction Holdings Co., Ltd. 4,374 22,190 #* Hanjin Kal Corp. 20,215 424,800 # Hanjin Transportation Co., Ltd. 3,846 108,477 * Hankook Cosmetics Co., Ltd. 1,663 23,002 Hankook Shell Oil Co., Ltd. 167 61,489 Hankook Tire Co., Ltd. 23,141 1,293,186 #* Hanmi Pharm Co., Ltd. 1,184 389,220 #* Hanmi Science Co., Ltd. 1,290 96,011 Hanmi Semiconductor Co., Ltd. 15,607 117,763 Hanon Systems 20,050 183,506 Hansae Co., Ltd. 3,610 84,454 Hansae Yes24 Holdings Co., Ltd. 8,124 71,919 Hanshin Construction 1,319 23,984 Hansol Chemical Co., Ltd. 2,051 138,481 * Hansol Holdings Co., Ltd. 24,316 135,369 * Hansol HomeDeco Co., Ltd. 25,503 33,959 Hansol Logistics Co., Ltd. 2,761 5,972 Hansol Paper Co., Ltd. 6,091 103,421 * Hansol Technics Co., Ltd. 4,649 64,829 Hanssem Co., Ltd. 1,492 234,629 Hanwha Chemical Corp. 28,782 867,532 Hanwha Corp. 22,662 991,197 * Hanwha Galleria Timeworld Co., Ltd. 844 21,497 Hanwha General Insurance Co., Ltd. 17,523 157,363 #* Hanwha Investment & Securities Co., Ltd. 54,271 178,300 Hanwha Life Insurance Co., Ltd. 55,195 372,418 * Hanwha Techwin Co., Ltd. 6,762 241,335 Hanyang Eng Co., Ltd. 1,515 17,653 Hanyang Securities Co., Ltd. 1,630 11,931 Harim Co., Ltd. 6,926 28,278 Harim Holdings Co., Ltd. 16,954 63,198 HB Technology Co., Ltd. 14,152 59,382 # Heung-A Shipping Co., Ltd. 73,791 87,421 Hite Jinro Co., Ltd. 7,642 163,546 Hitejinro Holdings Co., Ltd. 3,737 38,572 HMC Investment Securities Co., Ltd. 6,193 65,858 # Home Center Holdings Co., Ltd. 6,396 22,265 #* Homecast Co., Ltd. 2,237 18,059 Hotel Shilla Co., Ltd. 5,490 318,404 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) # HS Industries Co., Ltd. 11,008 $ 92,763 HS R&A Co., Ltd. 13,110 34,608 Huchems Fine Chemical Corp. 4,489 100,050 * Hugel, Inc. 81 42,073 Humax Co., Ltd. 8,415 81,200 * Huons Co., Ltd. 593 27,875 Huons Global Co., Ltd. 1,564 48,704 Huvis Corp. 4,510 32,855 Hwa Shin Co., Ltd. 8,784 45,196 Hwail Pharm Co., Ltd. 2,876 17,239 Hwangkum Steel & Technology Co., Ltd. 1,159 9,448 HwaSung Industrial Co., Ltd. 4,337 58,906 Hy-Lok Corp. 2,898 59,679 Hyosung Corp. 6,747 1,010,028 Hyundai BNG Steel Co., Ltd. 4,605 52,867 * Hyundai Cement Co. 418 9,258 * Hyundai Construction Equipment Co., Ltd. 253 82,800 Hyundai Corp. 3,966 72,108 Hyundai Department Store Co., Ltd. 4,531 449,517 Hyundai Development Co-Engineering & Construction 9,412 358,514 * Hyundai Electric & Energy System Co., Ltd. 262 75,773 Hyundai Elevator Co., Ltd. 3,637 174,492 # Hyundai Engineering & Construction Co., Ltd. 26,543 1,073,464 Hyundai Engineering Plastics Co., Ltd. 10,659 66,224 Hyundai Glovis Co., Ltd. 1,909 267,865 Hyundai Greenfood Co., Ltd. 10,889 177,873 * Hyundai Heavy Industries Co., Ltd. 3,997 622,792 Hyundai Home Shopping Network Corp. 1,440 177,493 Hyundai Hy Communications & Networks Co., Ltd. 21,622 80,767 Hyundai Livart Furniture Co., Ltd. 4,100 92,655 Hyundai Marine & Fire Insurance Co., Ltd. 28,066 1,138,668 Hyundai Motor Co. 13,746 1,779,497 Hyundai Pharmaceutical Co., Ltd. 4,848 18,615 * Hyundai Robotics Co., Ltd. 849 334,326 * Hyundai Rotem Co., Ltd. 8,277 138,668 Hyundai Steel Co. 14,753 825,987 # Hyundai Wia Corp. 5,695 351,245 HyVision System, Inc. 2,300 26,414 I Controls, Inc. 909 24,139 i-Components Co., Ltd. 2,141 14,157 * iA, Inc. 9,136 29,534 * IE, Ltd. 49,289 10,967 #* IHQ, Inc. 28,719 53,628 Il Dong Holdings Co., Ltd. 596 8,204 IL Dong Pharmaceutical Co., Ltd. 1,621 27,870 * Iljin Display Co., Ltd. 8,706 61,062 Iljin Electric Co., Ltd. 5,010 20,206 Iljin Holdings Co., Ltd. 6,463 33,345 # Iljin Materials Co., Ltd. 6,983 233,744 Ilshin Spinning Co., Ltd. 509 55,280 #* IM Co., Ltd. 11,205 43,818 iMarketKorea, Inc. 7,718 87,920 InBody Co., Ltd. 3,074 80,449 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Industrial Bank of Korea 37,336 $ 515,763 * INITECH Co., Ltd. 3,292 22,224 * InnoWireless, Inc. 699 8,964 * Innox Advanced Materials Co., Ltd. 1,208 73,626 * Innox Corp. 519 10,119 * Insun ENT Co., Ltd. 6,974 50,331 Intelligent Digital Integrated Security Co., Ltd. 461 3,339 * Interflex Co., Ltd. 798 24,601 Interojo Co., Ltd. 825 26,354 Interpark Holdings Corp. 19,400 99,338 Inzi Controls Co., Ltd. 2,340 10,677 INZI Display Co., Ltd. 6,794 11,439 IS Dongseo Co., Ltd. 4,179 155,005 ISC Co., Ltd. 1,261 28,866 ISU Chemical Co., Ltd. 3,690 59,052 IsuPetasys Co., Ltd. 14,830 57,349 JB Financial Group Co., Ltd. 47,090 291,730 * Jcontentree Corp. 10,157 38,939 Jinsung T.E.C. 6,911 57,119 * Jusung Engineering Co., Ltd. 7,166 104,309 JVM Co., Ltd. 239 12,232 JW Holdings Corp. 4,287 34,354 JW Pharmaceutical Corp. 1,690 71,276 Kakao Corp. 1,287 137,860 Kangnam Jevisco Co., Ltd. 1,443 52,223 Kangwon Land, Inc. 8,480 280,453 KAON Media Co., Ltd. 5,150 54,524 KB Financial Group, Inc. 47,905 2,547,098 KB Financial Group, Inc. ADR 13,208 702,666 KC Green Holdings Co., Ltd. 5,380 29,753 KC Tech Co., Ltd. 8,724 185,120 KCC Engineering & Construction Co., Ltd. 2,612 25,196 * KEC Corp. 44,982 38,830 KEPCO Engineering & Construction Co., Inc. 860 14,561 KEPCO Plant Service & Engineering Co., Ltd. 2,501 100,561 Keyang Electric Machinery Co., Ltd. 7,846 33,725 * KEYEAST Co., Ltd. 20,377 39,335 KG Chemical Corp. 4,366 60,928 KG Eco Technology Service Co., Ltd. 5,045 20,319 Kginicis Co., Ltd. 7,157 82,809 KGMobilians Co., Ltd. 5,711 37,867 KH Vatec Co., Ltd. 4,940 36,728 Kia Motors Corp. 23,641 772,512 KISCO Corp. 2,659 102,764 KISCO Holdings Co., Ltd. 676 45,480 Kishin Corp. 5,120 21,598 KISWIRE, Ltd. 2,592 91,218 KIWOOM Securities Co., Ltd. 3,693 280,294 * KleanNara Co., Ltd. 4,079 18,228 * KMH Co., Ltd. 4,832 44,908 Kodaco Co., Ltd. 11,719 37,012 Koentec Co., Ltd. 8,855 38,140 Koh Young Technology, Inc. 1,344 77,077 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Kolao Holdings 7,344 $ 36,309 Kolon Corp. 2,115 116,995 Kolon Global Corp. 2,357 26,772 Kolon Industries, Inc. 6,444 378,233 Kolon Plastic, Inc. 3,939 23,993 * Komipharm International Co., Ltd. 1,719 62,228 * KONA I Co., Ltd. 6,030 70,620 Kopla Co., Ltd. 3,008 16,688 Korea Aerospace Industries, Ltd. 5,693 263,337 Korea Autoglass Corp. 2,773 51,857 Korea Circuit Co., Ltd. 3,237 38,871 Korea District Heating Corp. 772 53,415 Korea Electric Power Corp. Sponsored ADR 11,977 240,378 Korea Electric Terminal Co., Ltd. 1,892 119,343 Korea Export Packaging Industrial Co., Ltd. 1,272 21,939 Korea Flange Co., Ltd. 1,430 17,172 Korea Fuel-Tech Corp. 4,041 17,281 * Korea Gas Corp. 3,822 171,442 * Korea Information & Communications Co, Ltd. 4,831 49,446 Korea Investment Holdings Co., Ltd. 11,977 762,070 # Korea Kolmar Co., Ltd. 1,956 124,090 Korea Kolmar Holdings Co., Ltd. 888 23,777 * Korea Line Corp. 8,577 247,400 # Korea Petrochemical Ind Co., Ltd. 1,545 356,372 Korea United Pharm, Inc. 3,679 66,262 Korea Zinc Co., Ltd. 699 308,159 * Korean Air Lines Co., Ltd. 16,934 537,748 Korean Reinsurance Co. 28,422 327,653 Kortek Corp. 6,293 78,741 KPX Chemical Co., Ltd. 1,049 66,744 KSS LINE, Ltd. 1,673 14,644 KT Corp. Sponsored ADR 14,332 260,699 * KT Hitel Co., Ltd. 2,844 16,862 KT Skylife Co., Ltd. 9,133 136,290 KT&G Corp. 9,033 920,089 * KTB Investment & Securities Co., Ltd. 20,958 67,176 KTCS Corp. 6,593 14,056 Ktis Corp. 4,980 14,437 Kukdo Chemical Co., Ltd. 1,090 55,707 Kukdong Oil & Chemicals Co., Ltd. 5,000 15,257 * Kumho Electric Co., Ltd. 690 6,133 Kumho Industrial Co., Ltd. 7,949 80,299 # Kumho Petrochemical Co., Ltd. 3,848 259,412 #* Kumho Tire Co., Inc. 36,253 244,485 Kumkang Kind Co., Ltd. 850 28,623 Kwang Dong Pharmaceutical Co., Ltd. 7,180 54,061 * Kwang Myung Electric Co., Ltd. 4,580 10,184 Kwangju Bank Co., Ltd. 9,489 117,445 Kyobo Securities Co., Ltd. 9,039 84,831 Kyung Dong Navien Co., Ltd. 1,147 36,271 Kyung-In Synthetic Corp. 6,361 22,583 Kyungbang, Ltd. 4,810 70,072 Kyungchang Industrial Co., Ltd. 5,099 22,355 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) * KyungDong City Gas Co., Ltd. 639 $ 28,954 KyungDong Invest Co., Ltd. 388 18,444 Kyungdong Pharm Co., Ltd. 1,450 24,879 * LB Semicon, Inc. 12,595 31,383 LEADCORP, Inc. (The) 10,359 69,987 * Leaders Cosmetics Co., Ltd. 2,486 32,431 LEENO Industrial, Inc. 1,757 77,832 LF Corp. 8,238 230,870 LG Chem, Ltd. 4,143 1,214,627 LG Corp. 7,057 475,413 LG Display Co., Ltd. 4,840 136,573 LG Display Co., Ltd. ADR 144,957 2,062,738 LG Electronics, Inc. 34,839 2,088,410 LG Hausys, Ltd. 2,763 271,546 LG Household & Health Care, Ltd. 649 574,718 LG Innotek Co., Ltd. 5,435 727,828 LG International Corp. 6,785 178,255 LG Uplus Corp. 73,652 1,094,935 LIG Nex1 Co., Ltd. 810 59,268 Lock & Lock Co., Ltd. 6,593 79,254 Loen Entertainment, Inc. 584 46,768 Lotte Chemical Corp. 2,856 940,297 Lotte Chilsung Beverage Co., Ltd. 190 274,104 Lotte Confectionery Co., Ltd. 1,348 245,167 LOTTE Fine Chemical Co., Ltd. 7,009 270,718 Lotte Food Co., Ltd. 189 105,433 LOTTE Himart Co., Ltd. 4,136 257,234 Lotte Non-Life Insurance Co., Ltd. 41,598 114,487 Lotte Shopping Co., Ltd. 1,551 364,383 LS Corp. 8,392 630,819 # LS Industrial Systems Co., Ltd. 3,702 191,058 * Lumens Co., Ltd. 14,663 53,173 Macquarie Korea Infrastructure Fund 43,952 331,889 * Macrogen, Inc. 637 13,236 * Maeil Dairies Co., Ltd. 877 59,102 Maeil Holdings Co., Ltd. 787 16,845 Mando Corp. 3,019 692,114 MDS Technology Co., Ltd. 1,513 28,231 Medy-Tox, Inc. 997 526,554 MegaStudy Co., Ltd. 1,522 41,066 MegaStudyEdu Co., Ltd. 508 16,018 * Melfas, Inc. 5,717 23,137 Meritz Financial Group, Inc. 14,023 190,468 Meritz Fire & Marine Insurance Co., Ltd. 19,112 403,805 Meritz Securities Co., Ltd. 112,605 524,137 * Mgame Corp. 4,913 18,368 * MiCo, Ltd. 18,529 69,217 Mirae Asset Daewoo Co., Ltd. 54,069 524,494 Miwon Holdings Co., Ltd. 182 12,136 * Miwon Specialty Chemical Co., Ltd. 507 27,690 MK Electron Co., Ltd. 6,429 64,305 * MNTech Co., Ltd. 5,018 31,770 Mobase Co., Ltd. 3,204 22,689 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) Modetour Network, Inc. 1,953 $ 50,213 MonAmi Co., Ltd. 9,145 28,333 Moorim P&P Co., Ltd. 8,640 36,219 * Moorim Paper Co., Ltd. 13,596 33,179 Muhak Co., Ltd. 3,676 74,547 # Myungmoon Pharm Co., Ltd. 4,676 23,634 Namhae Chemical Corp. 7,095 61,873 * Namsun Aluminum Co., Ltd. 33,053 36,190 Namyang Dairy Products Co., Ltd. 176 115,125 * Nanos Co., Ltd. 678 7,695 NAVER Corp. 794 570,113 NCSoft Corp. 942 303,838 * Neowiz 3,258 35,080 * NEPES Corp. 6,920 62,989 Nexen Corp. 6,190 48,838 Nexen Tire Corp. 13,398 159,256 * Nexon GT Co., Ltd. 2,809 17,934 NH Investment & Securities Co., Ltd. 43,256 547,139 * NHN KCP Corp. 2,887 47,945 NICE Holdings Co., Ltd. 8,545 126,396 Nice Information & Telecommunication, Inc. 1,416 31,004 NICE Information Service Co., Ltd. 12,936 105,895 NICE Total Cash Management Co., Ltd. 4,055 38,045 #* NK Co., Ltd. 11,386 10,989 Nong Shim Holdings Co., Ltd. 757 74,058 * Nong Woo Bio Co., Ltd. 1,844 24,311 NongShim Co., Ltd. 696 198,655 Noroo Holdings Co., Ltd. 1,230 16,559 NOROO Paint & Coatings Co., Ltd. 2,386 18,630 NS Shopping Co., Ltd. 6,820 101,769 #* NUTRIBIOTECH Co., Ltd. 1,057 20,827 # OCI Co., Ltd. 5,754 474,609 #* Omnisystem Co., Ltd. 17,018 36,279 * ONDA Entertainment Co., Ltd. 1,052 2,361 * OPTRON-TEC, Inc. 5,519 42,387 * Orion Corp. 2,461 180,538 Orion Holdings Corp. 1,279 31,544 #* Osstem Implant Co., Ltd. 3,554 191,008 Ottogi Corp. 102 71,377 * Pan Ocean Co., Ltd. 21,418 111,517 * Pan-Pacific Co., Ltd. 12,857 45,226 * PaperCorea, Inc. 61,739 16,611 # Paradise Co., Ltd. 9,425 111,894 Partron Co., Ltd. 15,366 116,583 #* Paru Co., Ltd. 7,856 46,136 Poongsan Corp. 9,041 401,396 POSCO Sponsored ADR 33,942 2,549,723 POSCO Chemtech Co., Ltd. 6,847 128,155 POSCO Coated & Color Steel Co., Ltd. 778 22,210 Posco Daewoo Corp. 13,323 279,768 Posco ICT Co., Ltd. 7,848 44,980 Posco M-Tech Co., Ltd. 3,977 9,136 * Power Logics Co., Ltd. 6,846 28,617 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SOUTH KOREA -- (Continued) Protec Co., Ltd. 1,766 $ 24,672 PSK, Inc. 4,644 89,479 Pulmuone Co., Ltd. 262 29,145 Pyeong Hwa Automotive Co., Ltd. 6,035 77,362 * RFTech Co., Ltd. 7,845 37,933 * S&S Tech Corp. 4,200 23,205 * S&T Corp. 636 9,944 * S&T Dynamics Co., Ltd. 12,811 106,514 S&T Holdings Co., Ltd. 3,104 45,802 S&T Motiv Co., Ltd. 2,830 134,373 S-1 Corp. 1,719 141,642 * S-Connect Co., Ltd. 28,101 55,619 S-Energy Co., Ltd. 2,942 24,007 #* S-MAC Co., Ltd. 38,704 32,651 S-Oil Corp. 6,749 703,032 Saeron Automotive Corp. 3,700 25,918 Sajo Industries Co., Ltd. 870 59,478 Sam Chun Dang Pharm Co., Ltd. 8,172 100,001 #* SAM KANG M&T Co., Ltd. 1,705 9,478 Sam Yung Trading Co., Ltd. 2,626 44,406 Samchully Co., Ltd. 607 62,106 Samchuly Bicycle Co., Ltd. 1,364 12,802 SAMHWA Paints Industrial Co., Ltd. 4,408 34,714 Samick Musical Instruments Co., Ltd. 14,194 24,600 Samick THK Co., Ltd. 1,380 27,185 * Samji Electronics Co., Ltd. 5,213 38,564 Samjin Pharmaceutical Co., Ltd. 2,222 66,320 Samkwang Glass 469 23,686 Sammok S-Form Co., Ltd. 4,455 54,676 * SAMPYO Cement Co., Ltd. 12,528 43,215 Samsung C&T Corp. 1,972 244,892 Samsung Card Co., Ltd. 12,215 433,175 Samsung Electro-Mechanics Co., Ltd. 16,380 1,367,943 Samsung Electronics Co., Ltd. 5,671 12,195,349 * Samsung Electronics Co., Ltd. GDR 8,033 8,659,505 #* Samsung Engineering Co., Ltd. 10,929 99,581 Samsung Fire & Marine Insurance Co., Ltd. 4,584 1,195,937 * Samsung Heavy Industries Co., Ltd. 72,482 725,364 Samsung Life Insurance Co., Ltd. 3,506 393,182 Samsung SDS Co., Ltd. 893 142,674 Samsung Securities Co., Ltd. 16,430 595,560 SAMT Co., Ltd. 28,477 57,046 Samwha Capacitor Co., Ltd. 3,281 63,005 Samyang Corp. 1,015 92,110 Samyang Holdings Corp. 1,661 170,693 Samyang Tongsang Co., Ltd. 441 19,539 Sang-A Frontec Co., Ltd. 2,592 37,758 Sangsin Brake 3,721 22,910 SAVEZONE I&C Corp. 7,320 32,768 SBS Contents Hub Co., Ltd. 831 6,765 SBS Media Holdings Co., Ltd. 17,020 46,173 * SBW 30,171 37,352 Seah Besteel Corp. 7,234 225,213 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SOUTH KOREA -- (Continued) SeAH Holdings Corp. 341 $ 49,077 SeAH Steel Corp. 1,222 106,165 Sebang Co., Ltd. 4,599 61,044 Sebang Global Battery Co., Ltd. 3,172 109,888 Sejong Industrial Co., Ltd. 4,410 33,696 Sekonix Co., Ltd. 3,205 45,644 * Selvas AI, Inc. 4,234 14,146 Sempio Co. 1,259 40,778 Sempio Foods Co. 12 414 Seobu T&D 3,335 48,544 Seohan Co., Ltd. 38,454 86,480 Seohee Construction Co., Ltd. 59,786 67,096 Seoul Semiconductor Co., Ltd. 15,519 288,338 SEOWONINTECH Co., Ltd. 3,718 40,383 Seoyon Co., Ltd. 5,173 45,558 * Sewon Cellontech Co., Ltd. 12,648 30,066 SFA Engineering Corp. 4,102 137,607 * SFA Semicon Co, Ltd. 13,061 34,991 #* SG Corp. 58,439 53,262 * SG&G Corp. 1,946 6,643 * SGA Co., Ltd. 22,315 20,055 SH Energy & Chemical Co., Ltd. 56,470 73,217 * Shin Poong Pharmaceutical Co., Ltd. 7,521 39,773 Shinhan Financial Group Co., Ltd. 12,035 571,987 Shinhan Financial Group Co., Ltd. ADR 18,630 885,298 Shinsegae Engineering & Construction Co., Ltd. 1,204 34,797 Shinsegae Food Co., Ltd. 389 50,788 Shinsegae Information & Communication Co., Ltd. 336 24,756 Shinsegae International, Inc. 500 30,253 Shinsegae, Inc. 2,394 508,764 * Shinsung Tongsang Co., Ltd. 24,154 21,439 Shinwha Intertek Corp. 9,715 27,020 * Shinwon Corp. 18,733 31,997 # SHOWBOX Corp. 6,388 36,248 * Signetics Corp. 13,123 16,246 Silicon Works Co., Ltd. 3,171 100,913 * SIMMTECH HOLDINGS Co., Ltd. 25,789 64,786 SIMPAC, Inc. 4,080 16,885 SK Bioland Co., Ltd. 1,729 25,178 SK Chemicals Co., Ltd. 3,539 216,529 SK Gas, Ltd. 2,148 220,725 SK Holdings Co., Ltd. 5,082 1,232,610 SK Hynix, Inc. 69,101 4,062,610 SK Innovation Co., Ltd. 7,596 1,198,846 # SK Materials Co., Ltd. 1,887 311,193 SK Networks Co., Ltd. 51,435 290,964 * SK Securities Co., Ltd. 97,610 112,978 SK Telecom Co., Ltd. 786 194,340 SKC Co., Ltd. 9,852 318,898 * SKC Solmics Co., Ltd. 12,624 50,787 SKCKOLONPI, Inc. 4,450 108,329 SL Corp. 5,700 113,281 * SM Entertainment Co. 4,662 123,280 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SOUTH KOREA -- (Continued) Songwon Industrial Co., Ltd. 6,434 $117,309 Soulbrain Co., Ltd. 4,051 247,923 SPC Samlip Co., Ltd. 518 76,390 SPG Co., Ltd. 4,052 25,881 Spigen Korea Co., Ltd. 706 25,230 Ssangyong Cement Industrial Co., Ltd. 9,722 124,583 * Ssangyong Information & Communication 1,865 3,519 * Ssangyong Motor Co. 10,533 58,707 Suheung Co., Ltd. 1,649 51,356 Sunchang Corp. 2,805 24,849 Sung Bo Chemicals Co., Ltd. 3,068 18,288 Sung Kwang Bend Co., Ltd. 8,124 71,814 # Sungchang Enterprise Holdings, Ltd. 35,350 91,342 Sungdo Engineering & Construction Co., Ltd. 3,890 23,291 * Sungshin Cement Co., Ltd. 9,136 60,435 Sungwoo Hitech Co., Ltd. 17,305 110,384 Sunjin Co., Ltd. 3,012 50,057 * Suprema HQ, Inc. 703 4,588 * Suprema, Inc. 651 14,655 * Synopex, Inc. 13,546 25,026 Systems Technology, Inc. 2,886 46,320 Taekwang Industrial Co., Ltd. 196 216,266 * Taewoong Co., Ltd. 4,708 96,058 * Taeyoung Engineering & Construction Co., Ltd. 17,670 145,553 * Taihan Electric Wire Co., Ltd. 16,521 18,392 * Taihan Textile Co., Ltd. 426 32,076 * TBH Global Co., Ltd. 5,201 49,672 * Texcell-NetCom Co., Ltd. 11,726 102,833 * Thinkware Systems Corp. 2,319 23,716 * TK Chemical Corp. 11,104 22,001 TK Corp. 6,005 51,549 Tokai Carbon Korea Co., Ltd. 1,099 48,703 # Tong Yang Moolsan Co., Ltd. 16,528 27,698 Tongyang Life Insurance Co., Ltd. 20,755 180,493 # Tongyang, Inc. 74,234 148,093 Top Engineering Co., Ltd. 5,140 31,184 Toptec Co., Ltd. 2,317 59,938 Tovis Co., Ltd. 8,847 70,819 TS Corp. 1,989 46,819 UIL Co., Ltd. 5,306 33,254 Uju Electronics Co., Ltd. 2,871 37,952 Unid Co., Ltd. 3,047 138,987 Union Semiconductor Equipment & Materials Co., Ltd. 6,270 38,967 Value Added Technologies Co., Ltd. 2,003 55,474 Viatron Technologies, Inc. 1,206 23,697 * Vidente Co., Ltd. 4,963 13,686 Vieworks Co., Ltd. 1,861 81,496 Visang Education, Inc. 2,959 34,502 * Webzen, Inc. 3,631 56,105 Whanin Pharmaceutical Co., Ltd. 3,611 63,705 #* WillBes & Co. (The) 12,360 23,072 Wins Co., Ltd. 945 10,713 WiSoL Co., Ltd. 7,489 94,948 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) * Wonik Holdings Co., Ltd. 17,153 $ 131,610 * WONIK IPS Co., Ltd. 10,183 296,813 * Wonik Materials Co., Ltd. 1,208 83,410 * Wonik QnC Corp. 6,042 63,850 * Woongjin Co., Ltd. 20,020 40,261 * Woongjin Energy Co., Ltd. 2,621 18,852 * Woongjin Thinkbig Co., Ltd. 9,970 63,675 Woori Bank 36,418 621,985 Woori Bank Sponsored ADR 1,175 60,213 * Woori Investment Bank Co., Ltd. 22,642 14,230 Woory Industrial Co., Ltd. 615 18,108 Y G-1 Co., Ltd. 4,426 46,067 * YD Online Corp. 4,886 19,024 * YeaRimDang Publishing Co., Ltd. 7,920 68,512 # Yeong Hwa Metal Co., Ltd. 16,137 23,483 YG Entertainment, Inc. 1,396 36,788 Yoosung Enterprise Co., Ltd. 6,049 22,050 YooSung T&S Co., Ltd. 7,220 27,487 Youlchon Chemical Co., Ltd. 1,990 24,630 Young Poong Corp. 115 127,230 # Youngone Corp. 8,136 238,365 Youngone Holdings Co., Ltd. 2,254 108,315 * Yuanta Securities Korea Co., Ltd. 57,963 201,025 Yuhan Corp. 1,463 309,228 * Yungjin Pharmaceutical Co., Ltd. 2,603 22,282 Zeus Co., Ltd. 1,543 23,586 ------------ TOTAL SOUTH KOREA 130,540,384 ------------ SPAIN -- (1.9%) Abertis Infraestructuras SA 30,481 600,998 Acciona SA 13,789 1,178,676 Acerinox SA 35,739 458,818 ACS Actividades de Construccion y Servicios SA 34,036 1,303,453 Adveo Group International SA 2,149 7,996 Aena SA 2,665 520,869 Almirall SA 17,236 166,709 Amadeus IT Group SA 31,104 1,914,572 * Amper SA 246,502 69,523 Applus Services SA 34,379 442,794 Atresmedia Corp. de Medios de Comunicacion SA 9,022 105,890 Azkoyen SA 4,453 40,626 Banco Bilbao Vizcaya Argentaria SA 503,967 4,559,735 Banco Bilbao Vizcaya Argentaria SA Sponsored ADR 176,380 1,601,532 Banco de Sabadell SA 1,747,581 3,902,562 Banco Santander SA 989,775 6,738,554 Banco Santander SA Sponsored ADR 230,248 1,570,291 Bankia SA 272,701 1,378,321 Bankinter SA 119,284 1,160,918 * Baron de Ley 913 116,087 Bolsas y Mercados Espanoles SHMSF SA 18,889 692,812 CaixaBank SA 348,641 1,815,948 Cellnex Telecom SA 18,972 426,725 Cia de Distribucion Integral Logista Holdings SA 4,935 127,426 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SPAIN -- (Continued) Cie Automotive SA 21,382 $ 529,242 Construcciones y Auxiliar de Ferrocarriles SA 6,220 276,572 * Deoleo SA 179,709 43,490 Distribuidora Internacional de Alimentacion SA 148,435 999,786 #* Duro Felguera SA 17,931 15,932 Ebro Foods SA 16,457 393,928 * eDreams ODIGEO SA 5,922 20,614 Elecnor SA 7,637 105,244 Enagas SA 41,365 1,169,099 Ence Energia y Celulosa SA 59,912 255,324 Endesa SA 25,180 596,094 Ercros SA 51,022 185,376 Euskaltel SA 10,212 104,414 Faes Farma SA 67,382 213,701 Ferrovial SA 21,074 454,455 Fluidra SA 4,609 40,495 Gas Natural SDG SA 62,501 1,462,775 Grifols SA 23,100 648,186 Grupo Catalana Occidente SA 15,026 668,448 * Grupo Ezentis SA 50,584 42,913 Iberdrola SA 646,207 5,094,009 Iberpapel Gestion SA 348 11,560 * Indra Sistemas SA 19,152 296,331 Industria de Diseno Textil SA 28,428 1,128,432 Inmobiliaria Colonial SA 54,657 509,811 Laboratorios Farmaceuticos Rovi SA 824 15,665 * Liberbank SA 203,679 234,606 Mapfre SA 405,028 1,508,657 Mediaset Espana Comunicacion SA 65,145 821,075 Melia Hotels International SA 17,342 268,803 Miquel y Costas & Miquel SA 6,023 222,925 NH Hotel Group SA 47,786 318,363 Obrascon Huarte Lain SA 51,945 218,127 Papeles y Cartones de Europa SA 23,327 204,652 * Pescanova SA 2,936 4,793 * Pharma Mar SA 34,937 158,611 * Promotora de Informaciones SA Class A 13,947 52,768 Prosegur Cia de Seguridad SA 53,337 364,552 * Quabit Inmobiliaria SA(BYYTT70) 30,679 63,309 Quabit Inmobiliaria SA(BYVXB02) 1,534 3,178 * Realia Business SA 30,466 39,401 Red Electrica Corp. SA 44,744 958,568 Repsol SA 117,074 1,960,743 Repsol SA Sponsored ADR 51,211 860,854 * Sacyr SA 145,022 386,977 Saeta Yield SA 1,122 12,874 Siemens Gamesa Renewable Energy SA 75,988 1,243,253 * Solaria Energia y Medio Ambiente SA 36,783 59,416 Talgo SA 37,944 219,299 Tecnicas Reunidas SA 7,472 264,965 Telefonica SA 187,684 2,125,140 Telefonica SA Sponsored ADR 47,435 535,067 * Tubacex SA 36,604 143,268 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- SPAIN -- (Continued) #* Tubos Reunidos SA 30,261 $ 38,458 Vidrala SA 5,432 423,686 Viscofan SA 11,963 711,724 * Vocento SA 6,696 12,468 Zardoya Otis SA 29,532 309,801 ----------- TOTAL SPAIN 60,934,112 ----------- SWEDEN -- (2.2%) AAK AB 11,915 880,706 Acando AB 19,699 66,367 AddLife AB 1,292 26,626 AddNode Group AB 1,867 16,646 AddTech AB Class B 4,929 96,152 AF AB Class B 14,876 325,849 Alfa Laval AB 22,725 507,531 Assa Abloy AB Class B 69,273 1,484,031 Atlas Copco AB Class A 17,565 635,286 Atlas Copco AB Class B 10,224 331,113 Atrium Ljungberg AB Class B 10,607 181,130 Avanza Bank Holding AB 5,322 219,582 Axfood AB 14,412 242,721 Beijer Alma AB 9,076 265,072 * Beijer Electronics Group AB 1,176 6,453 Beijer Ref AB 3,752 112,715 Bergman & Beving AB 10,464 129,639 Betsson AB 35,928 345,520 Bilia AB Class A 35,252 340,578 BillerudKorsnas AB 57,211 904,641 BioGaia AB Class B 4,648 173,300 Biotage AB 11,158 80,439 Bjorn Borg AB 4,436 18,408 Boliden AB 78,828 2,474,729 Bonava AB 2,685 46,667 Bonava AB Class B 25,519 446,540 Bulten AB 6,216 94,708 # Byggmax Group AB 31,325 253,189 Castellum AB 44,616 693,493 Catena AB 702 12,144 Clas Ohlson AB Class B 13,618 279,954 Cloetta AB Class B 87,223 312,152 Com Hem Holding AB 76,133 1,111,879 Concentric AB 13,233 207,632 Corem Property Group AB Class B 1,440 8,615 Dedicare AB Class B 870 14,293 Dios Fastigheter AB 26,652 155,844 Dometic Group AB 11,724 99,103 Doro AB 6,914 43,235 Duni AB 10,582 153,369 Dustin Group AB 1,443 12,104 Elanders AB Class B 1,154 13,753 Electrolux AB Series B 43,531 1,488,563 Elekta AB Class B 40,720 391,921 * Eltel AB 18,432 58,627 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWEDEN -- (Continued) Enea AB 6,373 $ 60,888 * Essity AB Class A 3,976 114,989 * Essity AB Class B 79,422 2,302,843 Fabege AB 27,931 551,675 * Fastighets AB Balder Class B 11,128 283,131 * Fingerprint Cards AB Class B 35,005 163,701 Getinge AB Class B 31,024 538,541 Granges AB 29,859 330,055 Gunnebo AB 15,413 82,059 * Haldex AB 20,108 268,399 Hemfosa Fastigheter AB 32,479 398,433 Hennes & Mauritz AB Class B 28,325 739,004 Hexagon AB Class B 26,517 1,310,238 Hexpol AB 63,206 646,466 HIQ International AB 13,808 92,324 Holmen AB Class B 21,174 956,335 Hufvudstaden AB Class A 21,576 375,561 Husqvarna AB Class A 20,121 202,965 Husqvarna AB Class B 126,706 1,288,937 ICA Gruppen AB 12,191 488,482 Indutrade AB 22,986 567,027 Intrum Justitia AB 21,237 691,037 Inwido AB 12,350 155,259 ITAB Shop Concept AB Class B 1,467 12,665 JM AB 30,338 1,064,836 KappAhl AB 31,556 179,524 Karo Pharma AB 11,080 57,997 Kindred Group P.L.C. 63,608 707,916 Klovern AB Class B 115,813 147,947 KNOW IT AB 7,176 115,672 Kungsleden AB 41,126 270,503 Lagercrantz Group AB Class B 15,249 172,660 Lifco AB Class B 775 25,839 Lindab International AB 29,666 311,945 Loomis AB Class B 30,339 1,127,156 * Lundin Petroleum AB 20,983 477,860 * Medivir AB Class B 11,136 92,346 Mekonomen AB 8,628 181,698 Millicom International Cellular SA 15,382 963,859 Modern Times Group MTG AB Class B 20,896 726,218 * Momentum Group AB Class B 10,464 107,896 MQ Holding AB 18,548 72,565 # Mycronic AB 28,090 292,821 NCC AB Class B 32,826 854,121 Nederman Holding AB 550 15,688 * Net Insight AB Class B 64,475 42,337 NetEnt AB 31,938 308,167 New Wave Group AB Class B 31,664 220,587 Nibe Industrier AB Class B 89,216 850,594 Nobia AB 42,949 440,955 Nobina AB 13,213 65,127 Nolato AB Class B 15,102 663,198 Nordea Bank AB 194,620 2,455,691 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWEDEN -- (Continued) NP3 Fastigheter AB 2,129 $ 12,579 OEM International AB Class B 747 16,379 Opus Group AB 98,051 85,573 Oriflame Holding AG 10,736 412,160 Peab AB 57,414 673,941 Pricer AB Class B 58,280 70,394 Proact IT Group AB 889 22,736 Probi AB 860 39,399 #* Qliro Group AB 55,103 113,380 Ratos AB Class B 97,977 468,052 * RaySearch Laboratories AB 4,939 120,890 Recipharm AB Class B 5,226 62,779 Rezidor Hotel Group AB 34,331 132,307 Rottneros AB 45,215 40,594 Saab AB Class B 17,966 833,613 Sagax AB Class B 11,262 141,437 Sandvik AB 83,367 1,313,747 * SAS AB 56,251 134,456 Scandi Standard AB 17,086 122,184 Sectra AB Class B 495 9,350 Securitas AB Class B 69,799 1,162,387 Semcon AB 3,284 21,746 #* Sensys Gatso Group AB 102,807 8,916 Skandinaviska Enskilda Banken AB Class A 128,747 1,630,493 Skandinaviska Enskilda Banken AB Class C 886 11,115 Skanska AB Class B 70,080 1,592,457 SKF AB Class A 2,679 53,370 SKF AB Class B 64,311 1,278,255 SkiStar AB 9,108 202,522 * SSAB AB Class A(B17H0S8) 71,218 359,824 * SSAB AB Class A(BPRBWK4) 13,020 66,314 * SSAB AB Class B(B17H3F6) 198,859 821,122 * SSAB AB Class B(BPRBWM6) 73,712 305,537 Svenska Cellulosa AB SCA Class A 3,976 41,080 Svenska Cellulosa AB SCA Class B 79,422 657,605 Svenska Handelsbanken AB Class A 98,282 1,462,839 Svenska Handelsbanken AB Class B 2,424 36,150 Sweco AB Class B 11,882 290,196 Swedbank AB Class A 42,008 1,095,458 Swedish Match AB 23,762 835,789 * Swedish Orphan Biovitrum AB 8,103 123,385 Systemair AB 682 11,576 Tele2 AB Class B 140,126 1,667,749 Telefonaktiebolaget LM Ericsson Class A 9,033 58,542 Telefonaktiebolaget LM Ericsson Class B 123,302 798,061 Telefonaktiebolaget LM Ericsson Sponsored ADR 90,500 581,010 Telia Co. AB 590,862 2,777,559 Thule Group AB 15,465 300,962 Transcom Worldwide AB 1,831 19,841 Trelleborg AB Class B 51,368 1,209,843 Troax Group AB 1,057 29,724 Victoria Park AB Class B 29,250 99,548 Vitrolife AB 3,397 275,168 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWEDEN -- (Continued) Volvo AB Class A 36,187 $ 614,310 Volvo AB Class B 181,080 3,075,717 Wallenstam AB Class B 40,951 416,920 Wihlborgs Fastigheter AB 20,993 510,644 ----------- TOTAL SWEDEN 70,727,440 ----------- SWITZERLAND -- (4.6%) ABB, Ltd. 219,337 5,138,259 ABB, Ltd. Sponsored ADR 55,400 1,301,900 Adecco Group AG 34,381 2,623,030 Allreal Holding AG 5,854 1,064,425 * Alpiq Holding AG 1,687 143,055 ALSO Holding AG 2,021 264,288 ams AG 12,444 896,796 APG SGA SA 363 163,732 * Arbonia AG 12,595 239,637 Aryzta AG 23,642 759,734 Ascom Holding AG 19,142 379,111 Autoneum Holding AG 1,294 310,946 Bachem Holding AG Class B 471 52,153 Baloise Holding AG 20,652 3,318,075 Bank Cler AG 1,545 69,420 Banque Cantonale de Geneve 266 43,885 Banque Cantonale Vaudoise 1,100 795,847 Barry Callebaut AG 728 1,038,224 Belimo Holding AG 141 584,634 Bell Food Group AG 470 216,285 Bellevue Group AG 2,921 58,435 Berner Kantonalbank AG 1,140 215,921 BKW AG 3,217 183,309 Bobst Group SA 2,987 332,559 Bossard Holding AG Class A 2,397 518,353 Bucher Industries AG 3,092 1,031,021 Burckhardt Compression Holding AG 1,279 379,886 Burkhalter Holding AG 988 139,979 Calida Holding AG 2,049 82,402 Carlo Gavazzi Holding AG 78 28,471 Cembra Money Bank AG 8,660 776,847 Cham Paper Holding AG 27 11,054 Chocoladefabriken Lindt & Spruengli AG 5 340,764 * Cicor Technologies, Ltd. 523 27,476 Cie Financiere Richemont SA 45,764 3,890,402 Cie Financiere Tradition SA 628 57,705 Clariant AG 135,347 3,145,127 Coltene Holding AG 1,253 129,614 Conzzeta AG 464 485,572 Credit Suisse Group AG 83,387 1,281,798 Credit Suisse Group AG Sponsored ADR 51,388 788,812 Daetwyler Holding AG 2,905 474,797 DKSH Holding AG 7,686 604,835 dormakaba Holding AG 937 835,187 * Dottikon Es Holding AG 16 14,556 * Dufry AG 11,336 1,805,888 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) Edmond de Rothschild Suisse SA 1 $ 17,167 EFG International AG 29,264 217,298 Emmi AG 875 616,475 EMS-Chemie Holding AG 886 616,495 Energiedienst Holding AG 1,334 36,422 * Evolva Holding SA 73,727 35,078 Feintool International Holding AG 374 45,675 Flughafen Zurich AG 9,780 2,494,279 Forbo Holding AG 529 803,203 GAM Holding AG 64,965 1,024,238 Geberit AG 3,490 1,678,532 Georg Fischer AG 1,637 1,861,828 Givaudan SA 993 1,975,680 Gurit Holding AG 219 263,148 Helvetia Holding AG 2,360 1,319,064 HOCHDORF Holding AG 415 124,440 Huber & Suhner AG 4,916 350,349 * Idorsia, Ltd. 10,350 193,738 Implenia AG 5,820 430,417 Inficon Holding AG 668 366,344 Interroll Holding AG 250 327,791 Intershop Holding AG 240 118,696 Julius Baer Group, Ltd. 42,750 2,419,950 Jungfraubahn Holding AG 100 11,791 Kardex AG 2,423 267,058 Komax Holding AG 1,805 527,244 Kudelski SA 18,111 288,356 Kuehne + Nagel International AG 2,593 451,555 LafargeHolcim, Ltd.(7110753) 28,673 1,713,246 LafargeHolcim, Ltd.(BZ3DNX4) 23,757 1,425,902 LEM Holding SA 68 82,273 Liechtensteinische Landesbank AG 2,373 119,998 Logitech International SA(H50430232) 18,686 673,443 Logitech International SA(B18ZRK2) 16,891 613,059 Lonza Group AG 19,759 4,696,212 Luzerner Kantonalbank AG 1,196 537,794 Metall Zug AG Class B 70 292,903 * Meyer Burger Technology AG 60,123 94,472 Mobilezone Holding AG 6,102 88,339 Mobimo Holding AG 2,329 664,856 Nestle SA 261,736 22,093,006 Novartis AG 9,303 792,408 Novartis AG Sponsored ADR 117,451 10,006,825 OC Oerlikon Corp. AG 70,119 1,025,909 * Orascom Development Holding AG 761 5,297 Orell Fuessli Holding AG 152 20,185 Orior AG 1,969 146,793 Panalpina Welttransport Holding AG 3,264 413,247 Partners Group Holding AG 2,215 1,437,907 Phoenix Mecano AG 139 80,866 Plazza AG Class A 244 58,018 PSP Swiss Property AG 8,996 818,540 Rieter Holding AG 1,488 344,611 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ------------ SWITZERLAND -- (Continued) Roche Holding AG(7108918) 781 $ 201,360 Roche Holding AG(7110388) 19,398 4,910,978 Romande Energie Holding SA 59 79,617 * Schaffner Holding AG 215 71,023 Schindler Holding AG 1,376 289,368 * Schmolz + Bickenbach AG 186,057 171,053 Schweiter Technologies AG 401 527,757 SFS Group AG 3,238 368,353 SGS SA 275 607,801 Siegfried Holding AG 1,609 467,913 Sika AG 560 3,859,104 Sonova Holding AG 9,168 1,486,969 St Galler Kantonalbank AG 910 405,345 Straumann Holding AG 1,547 873,619 Sulzer AG 6,667 747,964 Sunrise Communications Group AG 14,797 1,166,950 Swatch Group AG (The)(7184725) 4,369 1,733,446 Swatch Group AG (The)(7184736) 7,497 577,449 Swiss Life Holding AG 8,314 3,034,216 Swiss Re AG 27,430 2,644,586 Swisscom AG 4,695 2,294,737 Swissquote Group Holding SA 3,140 90,432 Tamedia AG 430 66,264 Tecan Group AG 2,183 407,138 Temenos Group AG 14,082 1,361,255 u-blox Holding AG 2,877 571,303 UBS Group AG(BRJL176) 2,937 51,076 * UBS Group AG(H42097107) 187,433 3,266,957 Valiant Holding AG 6,361 749,815 Valora Holding AG 1,479 490,947 Vaudoise Assurances Holding SA 419 233,092 Vetropack Holding AG 74 156,256 Vifor Pharma AG 16,360 1,746,327 * Von Roll Holding AG 14,867 22,323 Vontobel Holding AG 11,479 763,638 VP Bank AG 253 31,864 VZ Holding AG 676 217,714 Walter Meier AG 736 34,232 Ypsomed Holding AG 640 99,929 Zehnder Group AG 3,333 117,006 Zug Estates Holding AG Class B 39 74,665 Zuger Kantonalbank AG 31 171,350 Zurich Insurance Group AG 11,037 3,363,851 ------------ TOTAL SWITZERLAND 144,779,668 ------------ TAIWAN -- (3.7%) A-DATA Technology Co., Ltd. 62,503 159,205 Ability Enterprise Co., Ltd. 113,695 71,170 AcBel Polytech, Inc. 108,540 83,549 Accton Technology Corp. 173,929 463,359 Acer, Inc. 805,521 395,826 ACES Electronic Co., Ltd. 43,000 39,822 Achem Technology Corp. 82,579 27,900 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) * Acme Electronics Corp. 19,000 $ 6,209 Acter Co., Ltd. 10,000 64,379 * Action Electronics Co., Ltd. 76,000 19,204 Actron Technology Corp. 29,000 102,627 Adlink Technology, Inc. 20,933 44,456 Advanced Ceramic X Corp. 8,000 97,455 * Advanced Connectek, Inc. 73,000 25,126 * Advanced Lithium Electrochemistry Cayman Co., Ltd. 30,000 21,551 # Advanced Semiconductor Engineering, Inc. 559,592 750,770 Advanced Semiconductor Engineering, Inc. ADR 36,804 242,538 Advanced Wireless Semiconductor Co. 71,000 160,861 Advancetek Enterprise Co., Ltd. 39,598 27,337 Advantech Co., Ltd. 34,586 261,626 * AGV Products Corp. 165,413 42,563 Airtac International Group 28,500 385,503 Alchip Technologies, Ltd. 21,000 55,458 # All Ring Tech Co., Ltd. 49,000 93,398 Allis Electric Co., Ltd. 8,000 2,804 Alltek Technology Corp. 26,680 22,792 Alltop Technology Co., Ltd. 22,000 54,489 Alpha Networks, Inc. 115,200 94,202 Altek Corp. 117,648 102,522 Amazing Microelectronic Corp. 15,900 52,428 Ambassador Hotel (The) 55,000 42,527 AMPOC Far-East Co., Ltd. 24,000 19,911 Anpec Electronics Corp. 36,402 57,521 Apacer Technology, Inc. 40,501 54,392 APCB, Inc. 39,000 40,740 Apex Biotechnology Corp. 31,226 35,881 Apex International Co., Ltd. 33,024 28,112 Apex Medical Corp. 20,000 19,939 Apex Science & Engineering 75,920 22,106 Arcadyan Technology Corp. 46,674 72,737 Ardentec Corp. 202,120 187,161 Asia Cement Corp. 399,029 352,663 # Asia Optical Co., Inc. 98,000 230,660 * Asia Pacific Telecom Co., Ltd. 457,000 161,967 Asia Plastic Recycling Holding, Ltd. 51,703 23,716 Asia Vital Components Co., Ltd. 128,053 112,214 ASMedia Technology, Inc. 7,000 91,547 ASPEED Technology, Inc. 4,000 92,715 ASROCK, Inc. 6,000 14,302 Asustek Computer, Inc. 100,502 934,700 Aten International Co., Ltd. 35,000 90,615 # AU Optronics Corp. 3,746,980 1,516,883 AU Optronics Corp. Sponsored ADR 19,522 78,478 Audix Corp. 47,200 60,310 AURAS Technology Co., Ltd. 30,000 82,460 Aurora Corp. 33,000 64,127 Avalue Technology, Inc. 16,000 27,120 AVY Precision Technology, Inc. 18,000 31,944 Axiomtek Co., Ltd. 18,000 32,879 Bank of Kaohsiung Co., Ltd. 159,959 54,296 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) BenQ Materials Corp. 69,000 $ 37,697 BES Engineering Corp. 619,000 133,516 * Bin Chuan Enterprise Co., Ltd. 9,000 13,259 Bionime Corp. 7,000 14,248 # Bioteque Corp. 24,000 67,592 Bizlink Holding, Inc. 34,326 255,650 Boardtek Electronics Corp. 47,000 42,459 Bothhand Enterprise, Inc. 26,000 51,404 Bright Led Electronics Corp. 47,000 23,261 * Browave Corp. 9,000 13,471 C Sun Manufacturing, Ltd. 26,000 17,777 Capital Futures Corp. 19,000 23,312 Capital Securities Corp. 674,000 221,633 Career Technology MFG. Co., Ltd. 147,000 97,676 # Casetek Holdings, Ltd. 52,000 164,256 Catcher Technology Co., Ltd. 137,360 1,578,665 Cathay Financial Holding Co., Ltd. 689,692 1,123,773 Cathay Real Estate Development Co., Ltd. 216,300 124,263 * Center Laboratories, Inc. 25,000 48,926 Central Reinsurance Co., Ltd. 28,560 13,948 Chailease Holding Co., Ltd. 310,000 891,176 * Champion Building Materials Co., Ltd. 74,526 18,219 # Chang Hwa Commercial Bank, Ltd. 655,722 384,403 Chang Wah Electromaterials, Inc. 15,913 72,493 # Channel Well Technology Co., Ltd. 85,000 74,179 Charoen Pokphand Enterprise 73,920 168,736 # Chaun-Choung Technology Corp. 25,000 104,674 CHC Healthcare Group 19,000 26,022 CHC Resources Corp. 22,000 37,893 Chen Full International Co., Ltd. 48,000 83,583 Chenbro Micom Co., Ltd. 33,000 56,486 Cheng Loong Corp. 309,360 162,389 # Cheng Shin Rubber Industry Co., Ltd. 161,341 326,340 Cheng Uei Precision Industry Co., Ltd. 183,051 248,282 Chenming Mold Industry Corp. 38,000 24,389 Chian Hsing Forging Industrial Co., Ltd. 12,000 29,087 Chicony Electronics Co., Ltd. 113,607 292,313 # Chicony Power Technology Co., Ltd. 68,465 140,325 Chien Kuo Construction Co., Ltd. 75,250 22,210 # Chilisin Electronics Corp. 60,380 150,879 #* Chimei Materials Technology Corp. 168,100 75,337 Chin-Poon Industrial Co., Ltd. 154,126 304,276 China Airlines, Ltd. 1,138,019 349,733 # China Bills Finance Corp. 388,000 192,092 China Chemical & Pharmaceutical Co., Ltd. 99,000 58,703 China Development Financial Holding Corp. 1,677,412 505,924 China Ecotek Corp. 11,000 15,119 * China Electric Manufacturing Corp. 73,000 19,309 China General Plastics Corp. 135,942 130,364 China Glaze Co., Ltd. 26,047 10,259 China Life Insurance Co., Ltd. 870,488 921,017 China Metal Products 104,290 105,165 China Steel Chemical Corp. 27,000 102,518 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) China Steel Corp. 966,881 $ 793,916 China Steel Structure Co., Ltd. 24,000 16,295 China Synthetic Rubber Corp. 207,544 234,810 China Wire & Cable Co., Ltd. 34,160 29,389 Chinese Maritime Transport, Ltd. 31,570 28,446 Chipbond Technology Corp. 234,000 385,446 ChipMOS TECHNOLOGIES, Inc. 46,000 45,210 ChipMOS TECHNOLOGIES, Inc. ADR 1,267 24,630 Chlitina Holding, Ltd. 19,000 80,908 Chong Hong Construction Co., Ltd. 67,941 161,318 Chroma ATE, Inc. 65,560 207,120 Chun Yuan Steel 160,570 60,879 #* Chung Hung Steel Corp. 351,212 118,083 Chung Hwa Pulp Corp. 191,629 64,395 Chung-Hsin Electric & Machinery Manufacturing Corp. 194,000 136,159 * Chunghwa Picture Tubes, Ltd. 951,656 51,986 Chunghwa Telecom Co., Ltd. 74,727 252,592 Chunghwa Telecom Co., Ltd. Sponsored ADR 3,011 101,832 Chyang Sheng Dyeing & Finishing Co., Ltd. 28,000 22,269 Cleanaway Co., Ltd. 26,000 149,394 Clevo Co. 182,401 163,003 * CMC Magnetics Corp. 893,101 114,668 #* Co-Tech Development Corp. 58,000 94,906 # CoAsia Microelectronics Corp. 65,094 32,672 Coland Holdings, Ltd. 11,000 14,608 Compal Electronics, Inc. 1,226,747 814,735 Compeq Manufacturing Co., Ltd. 396,000 365,059 Compucase Enterprise 31,000 48,166 Continental Holdings Corp. 130,200 49,590 Contrel Technology Co., Ltd. 40,000 25,739 Coremax Corp. 6,000 15,987 Coretronic Corp. 199,000 251,748 Coxon Precise Industrial Co., Ltd. 40,000 36,843 * CSBC Corp. Taiwan 164,740 71,475 CTBC Financial Holding Co., Ltd. 1,901,655 1,221,753 CTCI Corp. 134,444 219,269 Cub Elecparts, Inc. 8,802 109,362 CviLux Corp. 26,600 28,458 CX Technology Co., Ltd. 19,000 17,212 CyberPower Systems, Inc. 20,000 62,756 CyberTAN Technology, Inc. 152,424 102,156 D-Link Corp. 313,976 115,816 DA CIN Construction Co., Ltd. 60,000 35,066 Da-Li Development Co., Ltd. 34,603 27,672 Dadi Early-Childhood Education Group, Ltd. 7,000 40,793 * Danen Technology Corp. 236,000 50,329 Darfon Electronics Corp. 104,000 88,307 Darwin Precisions Corp. 146,000 61,410 Daxin Materials Corp. 11,000 15,663 # De Licacy Industrial Co. 75,476 71,711 # Delpha Construction Co., Ltd. 53,321 24,547 Delta Electronics, Inc. 61,699 327,844 Depo Auto Parts Ind Co., Ltd. 45,000 122,268 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) DFI, Inc. 18,000 $ 29,563 Dimerco Express Corp. 27,000 19,218 Dynacolor, Inc. 17,000 20,344 * Dynamic Electronics Co., Ltd. 68,183 26,754 Dynapack International Technology Corp. 57,000 73,951 E Ink Holdings, Inc. 375,000 400,915 E-Lead Electronic Co., Ltd. 42,000 39,435 E-LIFE MALL Corp. 18,000 36,605 * E-Ton Solar Tech Co., Ltd. 148,022 40,716 E.Sun Financial Holding Co., Ltd. 1,436,288 915,630 * Eastern Media International Corp. 212,330 61,311 Eclat Textile Co., Ltd. 36,143 416,113 ECOVE Environment Corp. 11,000 61,193 Edimax Technology Co., Ltd. 52,313 17,749 * Edison Opto Corp. 40,000 18,157 Edom Technology Co., Ltd. 54,162 29,237 eGalax_eMPIA Technology, Inc. 23,861 38,845 Elan Microelectronics Corp. 118,000 178,626 Elite Advanced Laser Corp. 50,112 205,783 # Elite Material Co., Ltd. 84,162 416,251 Elite Semiconductor Memory Technology, Inc. 114,000 134,608 * Elitegroup Computer Systems Co., Ltd. 157,087 102,667 eMemory Technology, Inc. 13,000 190,900 ENG Electric Co., Ltd. 55,120 29,203 Ennoconn Corp. 9,000 134,944 EnTie Commercial Bank Co., Ltd. 165,000 69,928 #* Epistar Corp. 439,743 420,362 Eson Precision Ind. Co., Ltd. 15,000 23,474 Eternal Materials Co., Ltd. 202,612 227,981 * Etron Technology, Inc. 155,000 61,006 Eurocharm Holdings Co., Ltd. 11,000 33,627 Eva Airways Corp. 845,333 409,644 Everest Textile Co., Ltd. 69,000 36,686 Evergreen International Storage & Transport Corp. 209,000 96,897 * Evergreen Marine Corp. Taiwan, Ltd. 445,812 244,297 Everlight Chemical Industrial Corp. 115,155 68,060 Everlight Electronics Co., Ltd. 154,225 234,597 Excelsior Medical Co., Ltd. 46,172 73,467 EZconn Corp. 12,000 17,636 Far Eastern Department Stores, Ltd. 415,249 206,993 Far Eastern International Bank 920,839 303,752 Far Eastern New Century Corp. 536,625 441,654 Far EasTone Telecommunications Co., Ltd. 116,000 280,445 Faraday Technology Corp. 62,637 85,848 Farglory Land Development Co., Ltd. 164,575 206,046 Federal Corp. 173,567 81,701 Feedback Technology Corp. 9,000 19,985 Feng Hsin Steel Co., Ltd. 122,000 208,918 Feng TAY Enterprise Co., Ltd. 44,953 192,800 First Financial Holding Co., Ltd. 1,258,911 850,308 First Hotel 59,805 33,267 First Insurance Co., Ltd. (The) 35,000 15,994 * First Steamship Co., Ltd. 227,113 69,113 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TAIWAN -- (Continued) # FLEXium Interconnect, Inc. 117,689 $549,556 Flytech Technology Co., Ltd. 42,312 137,050 # FocalTech Systems Co., Ltd. 88,000 114,947 Forest Water Environment Engineering Co., Ltd. 11,000 21,825 Formosa Advanced Technologies Co., Ltd. 66,000 61,376 Formosa Chemicals & Fibre Corp. 148,821 448,384 Formosa International Hotels Corp. 9,246 47,919 # Formosa Laboratories, Inc. 18,000 47,783 Formosa Petrochemical Corp. 44,000 154,462 Formosa Plastics Corp. 114,000 341,895 Formosan Rubber Group, Inc. 181,800 90,558 Formosan Union Chemical 113,167 74,743 Fortune Electric Co., Ltd. 22,000 12,630 Founding Construction & Development Co., Ltd. 45,208 23,655 Foxconn Technology Co., Ltd. 178,136 535,598 Foxlink Image Technology Co., Ltd. 30,000 17,022 Foxsemicon Integrated Technology, Inc. 18,900 134,003 Froch Enterprise Co., Ltd. 89,000 41,868 Fubon Financial Holding Co., Ltd. 543,019 843,555 Fulgent Sun International Holding Co., Ltd. 17,382 49,253 Fulltech Fiber Glass Corp. 120,965 57,860 Fwusow Industry Co., Ltd. 70,321 41,700 Gallant Precision Machining Co., Ltd. 44,000 33,761 Gemtek Technology Corp. 125,348 108,806 General Interface Solution Holding, Ltd. 45,000 431,408 General Plastic Industrial Co., Ltd. 14,000 18,077 Generalplus Technology, Inc. 39,000 46,418 * Genesis Photonics, Inc. 79,059 7,096 Genesys Logic, Inc. 43,000 52,658 #* Genius Electronic Optical Co., Ltd. 46,000 526,271 GeoVision, Inc. 16,487 22,154 # Getac Technology Corp. 159,000 201,102 # Giant Manufacturing Co., Ltd. 65,760 324,599 Giantplus Technology Co., Ltd. 138,000 86,274 Gigabyte Technology Co., Ltd. 229,000 292,631 # Gigasolar Materials Corp. 10,600 88,754 #* Gigastorage Corp. 155,450 89,290 Ginko International Co., Ltd. 18,000 166,020 * Gintech Energy Corp. 203,237 111,059 * Global Brands Manufacture, Ltd. 122,000 45,293 Global Lighting Technologies, Inc. 29,000 45,314 Global Mixed Mode Technology, Inc. 17,000 37,852 Global Unichip Corp. 32,000 182,758 Globalwafers Co., Ltd. 29,000 228,298 Globe Union Industrial Corp. 129,075 96,662 Gloria Material Technology Corp. 194,636 129,859 # Glory Science Co., Ltd. 28,000 58,585 * Gold Circuit Electronics, Ltd. 171,000 57,753 #* Goldsun Building Materials Co., Ltd. 523,624 162,803 Gourmet Master Co., Ltd. 12,705 148,719 Grand Ocean Retail Group, Ltd. 40,000 31,013 Grand Pacific Petrochemical 366,000 264,508 Grand Plastic Technology Corp. 8,000 52,425 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Grape King Bio, Ltd. 21,000 $ 133,084 Great China Metal Industry 26,000 21,914 Great Taipei Gas Co., Ltd. 41,000 33,744 Great Wall Enterprise Co., Ltd. 297,427 322,673 Greatek Electronics, Inc. 134,000 227,110 #* Green Energy Technology, Inc. 111,581 52,655 Green Seal Holding, Ltd. 29,700 87,001 GTM Holdings Corp. 27,000 15,453 Hannstar Board Corp. 166,096 81,012 #* HannStar Display Corp. 1,058,135 319,722 * HannsTouch Solution, Inc. 181,465 60,958 Hanpin Electron Co., Ltd. 35,000 44,904 * Harvatek Corp. 58,239 19,940 Hey Song Corp. 97,500 102,518 Highwealth Construction Corp. 276,478 457,757 Hiroca Holdings, Ltd. 12,795 45,563 # Hitron Technology, Inc. 97,000 63,405 Hiwin Technologies Corp. 37,077 269,215 * Ho Tung Chemical Corp. 349,873 95,964 * Hocheng Corp. 66,000 19,956 Holiday Entertainment Co., Ltd. 12,000 19,957 Holtek Semiconductor, Inc. 75,000 145,492 Holy Stone Enterprise Co., Ltd. 69,878 85,518 Hon Hai Precision Industry Co., Ltd. 1,170,472 4,552,054 Hon Hai Precision Industry Co., Ltd. GDR 48,989 377,589 Hong Pu Real Estate Development Co., Ltd. 116,695 90,237 Hong YI Fiber Industry Co. 43,000 31,187 * Horizon Securities Co., Ltd. 142,000 30,786 Hota Industrial Manufacturing Co., Ltd. 35,047 160,404 Hotai Motor Co., Ltd. 28,000 340,244 Hsin Kuang Steel Co., Ltd. 87,000 87,115 Hsin Yung Chien Co., Ltd. 15,800 37,201 * HTC Corp. 180,522 428,486 # Hu Lane Associate, Inc. 27,431 163,523 Hua Nan Financial Holdings Co., Ltd. 981,452 573,630 Huaku Development Co., Ltd. 118,540 250,818 Huang Hsiang Construction Corp. 49,000 59,463 Hung Sheng Construction, Ltd. 198,500 129,192 Hwa Fong Rubber Co., Ltd. 97,304 35,776 * I-Chiun Precision Industry Co., Ltd. 61,000 18,806 I-Sheng Electric Wire & Cable Co., Ltd. 40,000 57,143 # Ibase Technology, Inc. 56,202 110,568 * Ichia Technologies, Inc. 139,000 87,219 Ideal Bike Corp. 53,000 19,829 IEI Integration Corp. 60,000 91,758 Innodisk Corp. 20,000 67,786 # Innolux Corp. 1,969,685 960,828 Inpaq Technology Co., Ltd. 27,000 24,124 Intai Technology Corp. 12,000 41,506 # Integrated Service Technology, Inc. 34,596 136,289 IntelliEPI, Inc. 5,000 14,790 # International Games System Co., Ltd. 12,000 63,118 Inventec Corp. 706,945 564,722 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- TAIWAN -- (Continued) Iron Force Industrial Co., Ltd. 6,000 $ 30,498 ITEQ Corp. 79,835 121,456 Jarllytec Co., Ltd. 15,000 30,033 Jentech Precision Industrial Co., Ltd. 23,000 58,420 Jess-Link Products Co., Ltd. 60,000 57,515 Jih Sun Financial Holdings Co., Ltd. 593,317 139,316 Johnson Health Tech Co., Ltd. 17,959 21,859 K Laser Technology, Inc. 77,000 38,654 Kaori Heat Treatment Co., Ltd. 47,147 72,990 Kaulin Manufacturing Co., Ltd. 16,000 10,120 KEE TAI Properties Co., Ltd. 186,790 61,852 Kenda Rubber Industrial Co., Ltd. 162,825 255,263 Kenmec Mechanical Engineering Co., Ltd. 68,000 21,819 Kerry TJ Logistics Co., Ltd. 61,000 72,833 Kindom Construction Corp. 215,000 129,595 King Chou Marine Technology Co., Ltd. 11,220 12,794 King Slide Works Co., Ltd. 9,000 126,512 King Yuan Electronics Co., Ltd. 479,545 477,599 King's Town Bank Co., Ltd. 332,000 343,083 Kingcan Holdings, Ltd. 17,712 17,921 Kingpak Technology, Inc. 10,000 64,047 Kinik Co. 52,000 133,979 * Kinko Optical Co., Ltd. 62,000 69,667 Kinpo Electronics 563,000 206,106 Kinsus Interconnect Technology Corp. 106,000 285,703 KMC Kuei Meng International, Inc. 10,316 49,334 KS Terminals, Inc. 47,162 87,649 Kung Long Batteries Industrial Co., Ltd. 31,000 158,580 * Kung Sing Engineering Corp. 121,000 42,077 Kuo Toong International Co., Ltd. 90,103 61,007 Kuoyang Construction Co., Ltd. 147,387 68,098 Kwong Fong Industries Corp. 54,350 41,661 Kwong Lung Enterprise Co., Ltd. 19,000 28,337 * KYE Systems Corp. 72,910 21,643 L&K Engineering Co., Ltd. 74,000 89,386 * LAN FA Textile 88,922 24,954 Land Mark Optoelectronics Corp. 6,000 82,190 Lanner Electronics, Inc. 44,294 62,671 Largan Precision Co., Ltd. 5,000 912,296 Laser Tek Taiwan Co., Ltd. 20,000 18,998 LCY Chemical Corp. 117,286 170,199 Leader Electronics, Inc. 40,000 13,521 * Lealea Enterprise Co., Ltd. 308,933 111,552 Ledlink Optics, Inc. 18,900 26,517 LEE CHI Enterprises Co., Ltd. 96,000 32,902 Lelon Electronics Corp. 29,750 40,020 Lemtech Holdings Co., Ltd. 6,000 43,129 Leofoo Development Co., Ltd. 72,917 19,941 * LES Enphants Co., Ltd. 81,000 29,497 * Lextar Electronics Corp. 245,500 143,118 Li Cheng Enterprise Co., Ltd. 14,000 39,298 * Li Peng Enterprise Co., Ltd. 295,366 82,846 Lian HWA Food Corp. 28,746 34,086 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Lien Hwa Industrial Corp. 257,624 $ 239,742 Lingsen Precision Industries, Ltd. 142,000 69,051 Lite-On Semiconductor Corp. 96,448 95,440 Lite-On Technology Corp. 590,164 955,132 Long Bon International Co., Ltd. 155,000 81,355 # Long Chen Paper Co., Ltd. 234,513 295,147 Longwell Co. 41,000 51,576 Lotes Co., Ltd. 22,000 127,199 Lu Hai Holding Corp. 6,000 11,285 Lumax International Corp., Ltd. 26,705 47,119 * LuxNet Corp. 24,000 25,475 Macauto Industrial Co., Ltd. 8,000 52,293 Machvision, Inc. 5,000 29,123 Macroblock, Inc. 4,000 10,063 #* Macronix International 1,137,909 620,379 Mag Layers Scientific-Technics Co., Ltd. 24,000 53,698 Makalot Industrial Co., Ltd. 71,630 320,134 Marketech International Corp. 45,000 57,477 Masterlink Securities Corp. 423,802 113,536 Materials Analysis Technology, Inc. 17,934 63,453 Mayer Steel Pipe Corp. 29,700 13,083 MediaTek, Inc. 79,048 695,852 Mega Financial Holding Co., Ltd. 1,327,365 1,123,416 Meiloon Industrial Co. 35,000 30,218 Mercuries & Associates Holding, Ltd. 143,738 108,015 * Mercuries Life Insurance Co., Ltd. 285,564 149,419 Merida Industry Co., Ltd. 20,790 99,463 Merry Electronics Co., Ltd. 63,734 525,533 Micro-Star International Co., Ltd. 263,394 682,394 * Microbio Co., Ltd. 89,881 69,615 Microelectronics Technology, Inc. 45,728 55,449 Microlife Corp. 17,000 39,627 MIN AIK Technology Co., Ltd. 80,000 80,540 Mirle Automation Corp. 49,806 65,958 Mobiletron Electronics Co., Ltd. 32,600 41,552 * Motech Industries, Inc. 155,752 125,241 MPI Corp. 21,000 63,931 Nak Sealing Technologies Corp. 18,000 49,362 Namchow Chemical Industrial Co., Ltd. 74,000 158,330 # Nan Kang Rubber Tire Co., Ltd. 118,183 108,158 Nan Liu Enterprise Co., Ltd. 7,000 33,853 Nan Ren Lake Leisure Amusement Co., Ltd. 50,000 13,278 Nan Ya Plastics Corp. 148,187 372,972 Nan Ya Printed Circuit Board Corp. 91,214 71,432 Nang Kuang Pharmaceutical co., Ltd. 16,000 20,898 Nantex Industry Co., Ltd. 99,421 73,281 # Nanya Technology Corp. 86,110 177,579 National Petroleum Co., Ltd. 67,000 87,121 * Neo Solar Power Corp. 346,548 160,052 Nexcom International Co., Ltd. 20,000 19,555 Nichidenbo Corp. 24,696 22,482 Nien Hsing Textile Co., Ltd. 96,271 71,898 Nien Made Enterprise Co., Ltd. 21,000 256,262 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TAIWAN -- (Continued) Novatek Microelectronics Corp. 113,000 $ 429,700 Nuvoton Technology Corp. 34,000 64,082 * Ocean Plastics Co., Ltd. 29,000 25,358 On-Bright Electronics, Inc. 8,000 57,364 OptoTech Corp. 226,000 121,868 Orient Europharma Co., Ltd. 9,000 20,541 * Orient Semiconductor Electronics, Ltd. 226,000 65,764 Oriental Union Chemical Corp. 212,992 198,053 P-Duke Technology Co., Ltd. 18,700 39,061 Pacific Hospital Supply Co., Ltd. 24,000 61,209 Paiho Shih Holdings Corp. 39,204 72,414 Pan Jit International, Inc. 158,940 99,920 # Parade Technologies, Ltd. 23,000 333,666 Paragon Technologies Co., Ltd. 20,423 13,555 PChome Online, Inc. 15,447 108,397 PCL Technologies, Inc. 9,180 38,714 Pegatron Corp. 421,261 1,373,943 Pharmally International Holding Co., Ltd. 4,000 56,284 * Phihong Technology Co., Ltd. 148,272 59,651 Phison Electronics Corp. 25,000 347,300 Phoenix Tours International, Inc. 7,350 8,322 Pixart Imaging, Inc. 7,000 19,930 Polytronics Technology Corp. 23,000 44,332 Portwell, Inc. 35,000 56,772 Posiflex Technology, Inc. 8,529 47,194 Pou Chen Corp. 431,528 582,942 # Power Quotient International Co., Ltd. 99,000 41,080 Powertech Technology, Inc. 208,900 676,917 Poya International Co., Ltd. 9,436 120,410 President Chain Store Corp. 29,768 252,246 * President Securities Corp. 360,578 167,175 Primax Electronics, Ltd. 139,000 303,597 * Prime Electronics & Satellitics, Inc. 29,400 9,382 Prince Housing & Development Corp. 469,000 169,273 Pro Hawk Corp. 3,000 14,002 Promate Electronic Co., Ltd. 59,000 55,885 Promise Technology, Inc. 34,874 14,949 Qisda Corp. 715,875 566,272 QST International Corp. 21,000 71,352 Qualipoly Chemical Corp. 41,474 40,866 Quang Viet Enterprise Co., Ltd. 4,000 22,662 Quanta Computer, Inc. 285,007 675,738 Quintain Steel Co., Ltd. 62,050 18,232 Radiant Opto-Electronics Corp. 166,782 396,196 * Radium Life Tech Co., Ltd. 285,030 125,072 Realtek Semiconductor Corp. 96,098 359,586 Rechi Precision Co., Ltd. 137,185 143,848 Rich Development Co., Ltd. 222,814 71,553 * Right WAY Industrial Co., Ltd. 15,000 10,073 * Ritek Corp. 774,055 130,634 * Rotam Global Agrosciences, Ltd. 21,319 23,045 * Ruentex Development Co., Ltd. 187,585 203,159 Ruentex Engineering & Construction Co. 13,000 16,746 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) # Ruentex Industries, Ltd. 90,501 $134,300 Run Long Construction Co., Ltd. 49,204 77,716 # Sagittarius Life Science Corp. 12,000 40,907 Sampo Corp. 174,000 86,970 San Fang Chemical Industry Co., Ltd. 60,648 71,909 San Far Property, Ltd. 44,745 17,784 San Shing Fastech Corp. 26,565 44,688 Sanyang Motor Co., Ltd. 227,900 157,984 SCI Pharmtech, Inc. 9,450 20,556 Scientech Corp. 8,000 16,554 SDI Corp. 50,000 105,330 Senao International Co., Ltd. 39,000 74,936 Senao Networks, Inc. 9,000 40,354 Sercomm Corp. 96,000 242,962 Sesoda Corp. 72,420 68,064 Sheng Yu Steel Co., Ltd. 61,000 71,706 ShenMao Technology, Inc. 44,922 43,036 Shih Her Technologies, Inc. 21,000 21,313 * Shih Wei Navigation Co., Ltd. 87,254 25,567 Shin Kong Financial Holding Co., Ltd. 2,230,176 596,177 Shin Zu Shing Co., Ltd. 53,549 163,441 Shinih Enterprise Co., Ltd. 24,000 15,786 * Shining Building Business Co., Ltd. 126,065 42,786 Shinkong Insurance Co., Ltd. 75,000 63,347 Shinkong Synthetic Fibers Corp. 499,799 151,803 Shinkong Textile Co., Ltd. 59,000 80,126 Shiny Chemical Industrial Co., Ltd. 23,000 49,435 # ShunSin Technology Holding, Ltd. 17,000 55,601 #* Shuttle, Inc. 166,000 58,276 Sigurd Microelectronics Corp. 156,000 145,110 Silergy Corp. 5,000 97,763 Siliconware Precision Industries Co., Ltd. 98,033 161,438 Simplo Technology Co., Ltd. 106,000 336,746 # Sinbon Electronics Co., Ltd. 75,616 185,256 Sincere Navigation Corp. 129,125 85,704 Sinher Technology, Inc. 24,000 42,223 Sinmag Equipment Corp. 8,649 51,254 # Sino-American Silicon Products, Inc. 224,000 449,289 Sinon Corp. 145,000 71,531 SinoPac Financial Holdings Co., Ltd. 2,105,417 660,156 Sinphar Pharmaceutical Co., Ltd. 34,977 25,534 Sinyi Realty, Inc. 35,328 38,033 Sirtec International Co., Ltd. 76,000 112,470 # Sitronix Technology Corp. 50,000 159,886 Siward Crystal Technology Co., Ltd. 48,000 32,826 * Solar Applied Materials Technology Co. 103,000 44,811 * Solartech Energy Corp. 166,296 77,091 Solteam Electronics Co., Ltd. 19,000 25,397 Sonix Technology Co., Ltd. 63,000 68,580 Southeast Cement Co., Ltd. 33,000 16,672 Sporton International, Inc. 15,855 79,036 St Shine Optical Co., Ltd. 9,000 185,419 Standard Chemical & Pharmaceutical Co., Ltd. 20,330 22,621 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- TAIWAN -- (Continued) Standard Foods Corp. 45,196 $120,337 Stark Technology, Inc. 41,000 39,858 Sunny Friend Environmental Technology Co., Ltd. 15,000 76,233 Sunonwealth Electric Machine Industry Co., Ltd. 86,000 121,457 Sunrex Technology Corp. 57,993 39,068 Sunspring Metal Corp. 47,000 64,071 Supreme Electronics Co., Ltd. 168,305 165,480 Swancor Holding Co., Ltd. 31,000 88,055 Sweeten Real Estate Development Co., Ltd. 27,052 12,315 Syncmold Enterprise Corp. 57,000 123,294 Synnex Technology International Corp. 284,810 316,693 Sysage Technology Co., Ltd. 13,860 14,345 * Sysgration 41,000 12,506 Systex Corp. 76,000 144,618 T-Mac Techvest PCB Co., Ltd. 42,000 16,197 T3EX Global Holdings Corp. 23,000 16,306 TA Chen Stainless Pipe 211,817 121,700 * Ta Chong Securities Co., Ltd. 108,000 39,685 * Ta Ya Electric Wire & Cable 250,000 55,310 Ta Yih Industrial Co., Ltd. 16,000 43,889 TA-I Technology Co., Ltd. 54,752 44,805 Tah Hsin Industrial Corp. 9,900 8,314 * Tai Tung Communication Co., Ltd. 38,000 30,922 Taichung Commercial Bank Co., Ltd. 841,355 289,807 TaiDoc Technology Corp. 16,499 56,808 Taiflex Scientific Co., Ltd. 83,640 122,877 * TaiMed Biologics, Inc. 2,000 14,623 Taimide Tech, Inc. 36,050 50,725 Tainan Enterprises Co., Ltd. 37,000 30,327 Tainan Spinning Co., Ltd. 459,171 200,622 * Tainergy Tech Co., Ltd. 85,000 34,624 Taishin Financial Holding Co., Ltd. 1,067,045 501,789 * Taisun Enterprise Co., Ltd. 47,741 33,125 * Taita Chemical Co., Ltd. 107,424 37,388 Taiwan Acceptance Corp. 48,000 177,259 Taiwan Business Bank 1,275,526 362,001 Taiwan Cement Corp. 530,137 614,414 Taiwan Chinsan Electronic Industrial Co., Ltd. 35,000 60,364 Taiwan Cogeneration Corp. 132,993 104,380 Taiwan Cooperative Financial Holding Co., Ltd. 1,012,358 553,206 Taiwan FamilyMart Co., Ltd. 2,000 13,607 Taiwan Fertilizer Co., Ltd. 234,000 317,750 Taiwan Fire & Marine Insurance Co., Ltd. 50,040 31,572 Taiwan FU Hsing Industrial Co., Ltd. 64,000 78,176 * Taiwan Glass Industry Corp. 349,672 178,934 Taiwan High Speed Rail Corp. 65,000 56,088 Taiwan Hon Chuan Enterprise Co., Ltd. 115,421 208,702 Taiwan Hopax Chemicals Manufacturing Co., Ltd. 85,000 47,989 Taiwan Land Development Corp. 270,640 94,108 Taiwan Line Tek Electronic 11,337 9,535 Taiwan Mobile Co., Ltd. 39,800 142,439 Taiwan Navigation Co., Ltd. 34,000 15,539 Taiwan Paiho, Ltd. 80,892 337,483 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- TAIWAN -- (Continued) Taiwan PCB Techvest Co., Ltd. 140,800 $ 137,675 * Taiwan Prosperity Chemical Corp. 40,000 26,309 * Taiwan Pulp & Paper Corp. 141,280 86,817 Taiwan Sakura Corp. 46,512 56,026 Taiwan Sanyo Electric Co., Ltd. 12,750 10,155 Taiwan Secom Co., Ltd. 30,330 89,800 Taiwan Semiconductor Co., Ltd. 108,000 146,253 Taiwan Semiconductor Manufacturing Co., Ltd. 454,465 3,212,567 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR 116,749 4,198,294 Taiwan Shin Kong Security Co., Ltd. 63,630 79,968 Taiwan Styrene Monomer 203,833 140,699 Taiwan Surface Mounting Technology Corp. 125,867 103,142 Taiwan TEA Corp. 287,704 154,332 # Taiwan Union Technology Corp. 86,000 185,054 Taiyen Biotech Co., Ltd. 48,000 47,687 #* Tatung Co., Ltd. 895,452 376,520 TCI Co., Ltd. 10,356 63,403 Te Chang Construction Co., Ltd. 27,720 18,096 Teco Electric and Machinery Co., Ltd. 469,000 441,688 Tehmag Foods Corp. 5,500 41,071 Test Research, Inc. 66,532 79,296 Test Rite International Co., Ltd. 119,389 88,168 * Tex-Ray Industrial Co., Ltd. 59,000 18,596 Thinking Electronic Industrial Co., Ltd. 30,000 93,540 Thye Ming Industrial Co., Ltd. 45,850 59,750 Ton Yi Industrial Corp. 291,200 139,814 # Tong Hsing Electronic Industries, Ltd. 38,000 157,239 Tong Yang Industry Co., Ltd. 171,041 317,515 Tong-Tai Machine & Tool Co., Ltd. 76,160 52,960 TOPBI International Holdings, Ltd. 20,178 64,425 Topco Scientific Co., Ltd. 45,480 139,297 Topkey Corp. 6,000 19,965 Topoint Technology Co., Ltd. 74,494 57,725 Toung Loong Textile Manufacturing 34,000 99,123 * TPK Holding Co., Ltd. 124,000 416,359 Transcend Information, Inc. 45,483 134,691 Tripod Technology Corp. 193,970 633,241 TrueLight Corp. 30,800 37,490 # Tsang Yow Industrial Co., Ltd. 31,000 43,904 Tsann Kuen Enterprise Co., Ltd. 29,913 25,107 TSC Auto ID Technology Co., Ltd. 3,300 22,935 * TSEC Corp. 68,000 23,190 TSRC Corp. 182,717 205,168 Ttet Union Corp. 10,000 30,468 TTFB Co., Ltd. 3,000 25,005 # TTY Biopharm Co., Ltd. 38,267 124,749 Tung Ho Steel Enterprise Corp. 307,254 253,860 # Tung Thih Electronic Co., Ltd. 20,492 145,525 TURVO International Co., Ltd. 23,776 79,885 TXC Corp. 118,411 171,182 TYC Brother Industrial Co., Ltd. 86,000 87,856 * Tycoons Group Enterprise 127,354 24,151 Tyntek Corp. 103,167 44,560 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) U-Ming Marine Transport Corp. 174,000 $ 180,885 UDE Corp. 18,000 22,240 # Ultra Chip, Inc. 58,000 63,379 Uni-President Enterprises Corp. 395,948 757,782 Unimicron Technology Corp. 558,356 363,077 Union Bank Of Taiwan 350,103 103,771 * Union Insurance Co., Ltd. 5,324 2,529 * Unitech Printed Circuit Board Corp. 219,629 78,186 United Microelectronics Corp. 3,096,453 1,421,240 United Orthopedic Corp. 23,000 53,059 # United Radiant Technology 61,000 42,388 Unity Opto Technology Co., Ltd. 115,929 43,555 Universal Cement Corp. 169,340 126,766 Universal Microwave Technology, Inc. 7,000 20,244 * Unizyx Holding Corp. 133,000 63,204 UPC Technology Corp. 319,472 150,302 Userjoy Technology Co., Ltd. 5,500 14,206 USI Corp. 364,668 180,622 Usun Technology Co., Ltd. 22,000 44,691 Utechzone Co., Ltd. 9,000 16,145 # Vanguard International Semiconductor Corp. 202,000 378,155 Viking Tech Corp. 27,000 16,272 Visual Photonics Epitaxy Co., Ltd. 89,475 204,711 Vivotek, Inc. 22,239 65,074 Voltronic Power Technology Corp. 2,100 36,010 * Wafer Works Corp. 185,958 126,349 Waffer Technology Co., Ltd. 16,000 9,831 * Wah Hong Industrial Corp. 3,423 2,267 Wah Lee Industrial Corp. 62,000 103,699 Walsin Lihwa Corp. 1,305,000 574,627 Walton Advanced Engineering, Inc. 118,385 51,498 Wan Hai Lines, Ltd. 271,557 155,541 * Wei Chuan Foods Corp. 93,000 57,292 Wei Mon Industry Co., Ltd. 51,912 290 Weikeng Industrial Co., Ltd. 95,448 52,165 Well Shin Technology Co., Ltd. 44,000 72,496 Win Semiconductors Corp. 102,868 601,949 Winbond Electronics Corp. 1,176,000 709,735 Wintek Corp. 312,087 3,546 Wisdom Marine Lines Co., Ltd. 121,723 115,724 Wistron Corp. 731,078 737,762 Wistron NeWeb Corp. 94,555 302,459 Wowprime Corp. 25,000 139,827 WPG Holdings, Ltd. 398,301 557,799 WT Microelectronics Co., Ltd. 182,344 270,103 * WUS Printed Circuit Co., Ltd. 118,000 69,174 XAC Automation Corp. 52,000 100,696 * XinTec, Inc. 40,000 72,786 XPEC Entertainment, Inc. 5,612 920 Xxentria Technology Materials Corp. 48,306 100,636 Yageo Corp. 154,395 587,984 * Yang Ming Marine Transport Corp. 291,848 129,934 YC Co., Ltd. 116,277 48,338 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ TAIWAN -- (Continued) YC INOX Co., Ltd. 112,200 $ 92,518 Yeong Guan Energy Technology Group Co., Ltd. 30,432 82,451 YFC-Boneagle Electric Co., Ltd. 32,000 67,902 #* YFY, Inc. 528,000 179,224 Yi Jinn Industrial Co., Ltd. 114,700 41,792 * Yieh Phui Enterprise Co., Ltd. 395,110 171,369 Yonyu Plastics Co., Ltd. 36,400 37,850 * Young Optics, Inc. 28,000 38,150 Youngtek Electronics Corp. 51,120 78,219 Yuanta Financial Holding Co., Ltd. 1,410,991 604,847 Yulon Motor Co., Ltd. 275,223 240,462 Yung Chi Paint & Varnish Manufacturing Co., Ltd. 32,000 87,312 Yungshin Construction & Development Co., Ltd. 24,000 22,333 YungShin Global Holding Corp. 40,950 55,592 # Yungtay Engineering Co., Ltd. 126,000 208,579 # Zeng Hsing Industrial Co., Ltd. 21,423 90,816 Zenitron Corp. 87,000 52,013 Zhen Ding Technology Holding, Ltd. 135,650 315,553 Zig Sheng Industrial Co., Ltd. 200,543 60,403 # Zinwell Corp. 77,000 79,757 Zippy Technology Corp. 50,000 59,655 ZongTai Real Estate Development Co., Ltd. 60,753 35,713 ------------ TOTAL TAIWAN 117,734,499 ------------ THAILAND -- (0.6%) Advanced Info Service PCL 25,300 141,035 Advanced Information Technology PCL Class F 27,600 23,224 Airports of Thailand PCL 211,000 326,552 * AJ Advance Technology PCL Class F 749,800 26,588 AJ Plast PCL 42,900 17,275 Amata Corp. PCL 172,300 81,292 Ananda Development PCL 520,700 77,925 AP Thailand PCL 542,404 125,509 Asia Aviation PCL 627,800 119,800 Asia Plus Group Holdings PCL 247,700 27,244 Asia Sermkij Leasing PCL 24,500 15,682 Asian Insulators PCL 416,640 3,146 Bangchak Corp. PCL 173,300 180,974 Bangkok Aviation Fuel Services PCL 105,350 149,589 Bangkok Bank PCL 26,400 146,374 Bangkok Chain Hospital PCL 245,675 103,360 Bangkok Dusit Medical Services PCL Class F 297,700 170,873 Bangkok Expressway & Metro PCL 969,402 218,488 Bangkok Land PCL 3,640,700 198,028 Bangkok Life Assurance PCL 78,400 98,364 Bangkok Ranch PCL 202,500 44,119 Banpu PCL(6368348) 204,750 100,294 Banpu PCL(BJFHBT4) 203,300 99,583 Beauty Community PCL 119,700 42,806 BEC World PCL 232,700 129,369 Berli Jucker PCL 230,000 319,670 Better World Green PCL 408,300 22,577 Big Camera Corp. PCL 297,600 33,627 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- THAILAND -- (Continued) BJC Heavy Industries PCL Class F 114,800 $ 12,765 BTS Group Holdings PCL 174,100 44,995 Bumrungrad Hospital PCL 20,000 105,179 Buriram Sugar PCL Class F 35,400 12,127 Cal-Comp Electronics Thailand PCL Class F 604,518 56,680 Carabao Group PCL Class F 35,800 74,770 Central Pattana PCL 136,400 284,880 Central Plaza Hotel PCL 177,700 217,609 CH Karnchang PCL 53,300 45,649 Charoen Pokphand Foods PCL 472,100 349,005 Christiani & Nielsen Thai Class F 85,000 9,451 Chularat Hospital PCL Class F 686,800 53,249 CK Power PCL 742,000 74,029 Com7 PCL Class F 67,000 23,154 * Country Group Development PCL 645,200 20,746 Country Group Holdings PCL Class F 125,800 5,406 CP ALL PCL 78,500 143,311 Delta Electronics Thailand PCL 70,200 187,227 Dhipaya Insurance PCL 49,900 62,981 Diamond Building Products PCL 8,300 1,459 Dynasty Ceramic PCL 508,800 61,772 Eastern Polymer Group PCL Class F 155,800 50,565 Eastern Printing PCL 203,840 43,186 Eastern Water Resources Development and Management PCL Class F 230,000 88,471 Electricity Generating PCL 22,300 146,091 Energy Absolute PCL 142,800 158,779 Energy Earth PCL 301,400 13,224 Erawan Group PCL (The) 556,600 89,487 * Esso Thailand PCL 531,600 157,356 Forth Corp. PCL 94,800 20,939 GFPT PCL 173,500 100,628 Global Power Synergy PCL Class F 109,000 126,110 Glow Energy PCL 68,800 167,470 Golden Land Property Development PCL 70,800 15,744 Grand Canal Land PCL 102,200 6,818 Group Lease PCL 13,500 8,236 Hana Microelectronics PCL 59,200 71,606 Home Product Center PCL 427,857 127,291 Ichitan Group PCL 66,800 15,457 Indorama Ventures PCL 343,300 384,293 * Inter Far East Energy Corp. Class F 371,200 25,935 Intouch Holdings PCL 37,900 68,052 IRPC PCL 2,006,200 331,588 Italian-Thai Development PCL 894,554 105,917 Jasmine International PCL 404,100 91,078 Jaymart PCL 176,866 78,663 Kang Yong Electric PCL 1,400 22,298 Karmarts PCL 66,300 17,135 Kasikornbank PCL(6888794) 26,900 160,059 Kasikornbank PCL(6364766) 76,200 440,807 KCE Electronics PCL 68,400 177,801 KGI Securities Thailand PCL 355,800 42,555 Khon Kaen Sugar Industry PCL 467,184 62,054 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- THAILAND -- (Continued) Kiatnakin Bank PCL 142,300 $ 285,442 Krung Thai Bank PCL 558,775 303,933 Krungthai Card PCL 38,400 115,108 Land & Houses PCL 333,200 100,131 Lanna Resources PCL 48,450 17,326 LH Financial Group PCL 2,042,700 108,653 Loxley PCL 518,575 51,427 LPN Development PCL 304,200 106,042 Major Cineplex Group PCL 134,600 124,381 Malee Group PCL 33,600 33,573 MBK PCL 183,000 82,491 MC Group PCL 104,500 54,328 * MCOT PCL 60,600 26,042 MCS Steel PCL 132,000 58,311 Mega Lifesciences PCL 88,700 74,635 Minor International PCL 116,856 148,368 MK Restaurants Group PCL 48,200 88,357 Mono Technology PCL Class F 186,100 19,574 Muangthai Leasing PCL Class F 68,900 74,021 Namyong Terminal PCL 52,000 8,517 Platinum Group PCL (The) Class F 28,600 5,973 * Polyplex Thailand PCL 146,200 55,358 * Precious Shipping PCL 247,500 69,170 Premier Marketing PCL 60,100 20,589 Property Perfect PCL 613,500 15,855 Pruksa Holding PCL 283,400 195,028 PTG Energy PCL 162,900 90,074 PTT Exploration & Production PCL 201,285 532,300 PTT Global Chemical PCL 122,545 266,070 PTT PCL(6420390) 119,094 1,388,622 PTT PCL(6420408) 18,900 220,372 Quality Houses PCL 2,131,242 156,273 Raimon Land PCL 477,500 16,789 Ratchaburi Electricity Generating Holding PCL(6294249) 47,699 77,404 Ratchaburi Electricity Generating Holding PCL(6362771) 12,000 19,473 Ratchthani Leasing PCL 440,400 74,114 * Regional Container Lines PCL 173,100 43,436 Robinson PCL 26,600 46,563 * Rojana Industrial Park PCL 262,790 43,040 * RS PCL 136,700 56,690 Samart Corp. PCL 159,200 68,413 * Samart I-Mobile PCL 467,600 13,911 Samart Telcoms PCL 110,000 43,634 Sansiri PCL 2,501,133 156,337 Sappe PCL 29,300 21,484 SC Asset Corp PCL 641,562 62,466 Scan Inter PCL Class F 91,000 13,619 Siam Cement PCL (The) 11,400 173,348 Siam City Cement PCL 25,135 234,910 Siam Commercial Bank PCL (The)(6889935) 29,000 128,108 Siam Commercial Bank PCL (The)(6363172) 30,100 132,968 Siam Future Development PCL 177,360 31,446 Siam Global House PCL 188,599 77,647 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- THAILAND -- (Continued) Siamgas & Petrochemicals PCL 130,200 $ 59,473 * Singha Estate PCL 526,364 63,588 Sino-Thai Engineering & Construction PCL(6541484) 83,571 64,669 Sino-Thai Engineering & Construction PCL(6541473) 67,200 52,001 SNC Former PCL 8,800 3,782 Somboon Advance Technology PCL 37,250 18,134 SPCG PCL 237,700 144,292 Sri Ayudhya Capital PCL 6,800 6,130 Sri Trang Agro-Industry PCL(B05BPF7) 106,100 39,218 Sri Trang Agro-Industry PCL(B05BPH9) 105,300 38,922 Sriracha Construction PCL 44,200 28,823 Srithai Superware PCL 372,000 21,464 Star Petroleum Refining PCL 31,500 14,578 STP & I PCL 269,720 53,496 Supalai PCL 263,100 188,174 * Superblock PCL 883,800 34,261 SVI PCL 459,600 76,654 Synnex Thailand PCL 79,800 30,935 Syntec Construction PCL 228,200 34,151 * Tata Steel Thailand PCL 1,030,600 26,945 Thai Agro Energy PCL Class F 9,690 844 * Thai Airways International PCL(6888868) 242,800 135,714 * Thai Airways International PCL(6364971) 60,600 33,873 Thai Metal Trade PCL 93,800 39,463 Thai Oil PCL 128,000 329,842 Thai Solar Energy PCL Class F 134,600 20,063 Thai Stanley Electric PCL Class F 9,600 60,006 Thai Union Group PCL Class F 419,840 256,119 Thai Vegetable Oil PCL 141,700 128,812 Thai Wah PCL Class F 48,200 13,978 Thaicom PCL(B014K00) 109,200 51,193 Thaicom PCL(B014JY7) 80,600 37,785 * Thaifoods Group PCL Class F 112,500 17,242 Thaire Life Assurance PCL Class F 112,800 27,288 Thanachart Capital PCL 148,200 212,659 Thitikorn PCL 40,900 14,258 Thoresen Thai Agencies PCL 232,351 59,351 TICON Industrial Connection PCL Class F 103,950 43,734 Tipco Asphalt PCL 230,300 156,410 TIPCO Foods PCL 85,900 41,302 Tisco Financial Group PCL 111,900 248,002 TMB Bank PCL 3,517,500 249,464 Total Access Communication PCL(B1YWK08) 46,900 76,460 Total Access Communication PCL(B231MK7) 114,100 186,015 TPI Polene PCL 2,529,500 171,793 TRC Construction PCL 484,300 17,174 * True Corp. PCL(BYM8V06) 498,742 84,681 * True Corp. PCL(6363923) 999,565 169,716 TTCL PCL 19,363 10,416 TTW PCL 294,200 96,368 Union Mosaic Industry PCL (The) Class F 76,125 6,680 Unique Engineering & Construction PCL 167,945 90,845 Univentures PCL 219,700 51,498 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED
SHARES VALUE++ --------- ----------- THAILAND -- (Continued) Vanachai Group PCL 244,900 $ 87,579 VGI Global Media PCL 292,000 45,630 Vibhavadi Medical Center PCL 1,436,000 115,652 Vinythai PCL(6928623) 32,400 20,349 Vinythai PCL(6367453) 124,200 78,006 WHA Corp. PCL 915,000 83,591 Workpoint Entertainment PCL 61,000 115,029 ----------- TOTAL THAILAND 19,422,222 ----------- TURKEY -- (0.4%) Adana Cimento Sanayii TAS Class A 20,624 39,557 Akbank TAS 195,140 580,521 Akcansa Cimento A.S. 27,303 95,289 * Akenerji Elektrik Uretim A.S. 162,113 53,928 Aksa Akrilik Kimya Sanayii A.S. 39,206 155,263 * Aksa Enerji Uretim A.S. 56,702 66,745 * Aksigorta A.S. 43,619 39,436 Alarko Holding A.S. 40,910 66,622 Albaraka Turk Katilim Bankasi A.S. 107,822 44,148 Alkim Alkali Kimya A.S. 2,046 15,262 Anadolu Anonim Turk Sigorta Sirketi 54,184 43,876 Anadolu Cam Sanayii A.S. 131,442 89,705 Anadolu Efes Biracilik Ve Malt Sanayii A.S. 42,677 250,365 Anadolu Hayat Emeklilik A.S. 18,435 34,837 Arcelik A.S. 51,966 384,142 Aselsan Elektronik Sanayi Ve Ticaret A.S. 17,666 120,801 * Bagfas Bandirma Gubre Fabrikalari A.S. 9,788 35,606 * Baticim Bati Anadolu Cimento Sanayii A.S. 15,198 35,551 * Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. 44,015 57,563 BIM Birlesik Magazalar A.S. 12,320 240,279 Bolu Cimento Sanayii A.S. 27,500 45,249 Borusan Mannesmann Boru Sanayi ve Ticaret A.S. 20,919 53,216 * Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S. 14,428 29,941 Bursa Cimento Fabrikasi A.S. 21,402 35,769 Cimsa Cimento Sanayi VE Ticaret A.S. 25,331 108,411 Coca-Cola Icecek A.S. 11,759 142,101 * Deva Holding A.S. 30,494 41,176 * Dogan Sirketler Grubu Holding A.S. 585,641 138,289 * Dogus Otomotiv Servis ve Ticaret A.S. 20,719 56,542 EGE Endustri VE Ticaret A.S. 615 46,598 Enka Insaat ve Sanayi A.S. 38,856 60,972 Eregli Demir ve Celik Fabrikalari TAS 297,778 663,906 * Fenerbahce Futbol A.S. 4,679 50,361 Ford Otomotiv Sanayi A.S. 9,472 121,189 * Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. 12,374 24,800 Global Yatirim Holding A.S. 67,511 58,158 * Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S. 3,255 74,231 Goodyear Lastikleri TAS 57,623 75,852 * GSD Holding AS 90,000 18,949 * Gubre Fabrikalari TAS 28,742 43,866 * Ihlas Holding A.S. 420,638 73,049 Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S. 6,326 19,922 * Is Finansal Kiralama A.S. 188,384 66,955
T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- TURKEY -- (Continued) * Izmir Demir Celik Sanayi A.S. 54,984 $ 60,667 Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. * Class A 100,053 63,465 Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. * Class B 53,420 36,158 Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. * Class D 301,511 173,211 * Karsan Otomotiv Sanayii Ve Ticaret A.S. 93,429 34,538 KOC Holding A.S. 16,071 74,842 Konya Cimento Sanayii A.S. 356 28,516 * Koza Altin Isletmeleri A.S. 8,332 76,511 Mardin Cimento Sanayii ve Ticaret A.S. 20,420 27,753 * Metro Ticari ve Mali Yatirimlar Holding A.S. 118,522 44,142 * Migros Ticaret A.S. 9,651 81,644 * NET Holding A.S. 106,088 93,143 * Netas Telekomunikasyon A.S. 19,492 77,865 Nuh Cimento Sanayi A.S. 18,387 55,398 Otokar Otomotiv Ve Savunma Sanayi A.S. 1,350 48,652 * Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S. 24,287 26,167 Petkim Petrokimya Holding A.S. 151,681 277,305 Pinar Entegre Et ve Un Sanayi A.S. 487 1,380 Pinar SUT Mamulleri Sanayii A.S. 3,514 14,991 Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. 20,030 16,856 * Sekerbank TAS 254,705 100,632 Selcuk Ecza Deposu Ticaret ve Sanayi A.S. 64,362 71,145 Soda Sanayii A.S. 106,149 171,945 Tat Gida Sanayi A.S. 40,171 82,907 TAV Havalimanlari Holding A.S. 52,089 315,684 Tekfen Holding A.S. 59,638 185,419 Tofas Turk Otomobil Fabrikasi A.S. 17,801 156,412 Trakya Cam Sanayii A.S. 189,272 200,202 Tupras Turkiye Petrol Rafinerileri A.S. 9,392 289,441 * Turk Hava Yollari AO 226,248 568,107 * Turk Telekomunikasyon A.S. 7,248 14,942 Turk Traktor ve Ziraat Makineleri A.S. 2,576 59,782 Turkcell Iletisim Hizmetleri A.S. 65,943 241,139 Turkcell Iletisim Hizmetleri A.S. ADR 9,157 84,244 Turkiye Garanti Bankasi A.S. 177,954 532,916 Turkiye Halk Bankasi A.S. 132,123 566,856 Turkiye Is Bankasi Class C 243,241 523,618 Turkiye Sinai Kalkinma Bankasi A.S. 484,666 210,878 Turkiye Sise ve Cam Fabrikalari A.S. 351,065 449,111 Turkiye Vakiflar Bankasi TAO Class D 244,494 489,372 Ulker Biskuvi Sanayi A.S. 18,064 109,072 * Vestel Elektronik Sanayi ve Ticaret A.S. 41,335 84,597 * Yapi ve Kredi Bankasi A.S. 122,290 157,858 * Zorlu Enerji Elektrik Uretim A.S. 117,903 49,292 ----------- TOTAL TURKEY 11,527,773 ----------- UNITED KINGDOM -- (11.6%) 4imprint Group P.L.C. 532 11,089 888 Holdings P.L.C. 98,636 335,139 A.G. Barr P.L.C. 38,344 303,064 AA P.L.C. 148,163 477,444 Aberdeen Asset Management P.L.C. 331,193 1,439,666 Acacia Mining P.L.C. 78,757 181,175 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- UNITED KINGDOM -- (Continued) Acal P.L.C. 6,517 $ 26,982 Admiral Group P.L.C. 29,062 792,810 Aggreko P.L.C. 101,196 1,131,288 Air Partner P.L.C. 7,075 11,650 * Aldermore Group P.L.C. 13,956 39,950 Amec Foster Wheeler P.L.C. 88,376 518,406 * Anglo American P.L.C. 194,388 3,215,512 Anglo-Eastern Plantations P.L.C. 542 6,043 Antofagasta P.L.C. 116,488 1,454,706 Arrow Global Group P.L.C. 18,868 108,818 Ashmore Group P.L.C. 156,032 740,735 Ashtead Group P.L.C. 118,226 2,540,004 Associated British Foods P.L.C. 21,288 832,780 AstraZeneca P.L.C. 1,641 97,809 # AstraZeneca P.L.C. Sponsored ADR 109,044 3,290,948 Auto Trader Group P.L.C. 118,140 596,661 AVEVA Group P.L.C. 13,180 345,049 Aviva P.L.C. 320,983 2,281,554 Avon Rubber P.L.C. 789 10,420 B&M European Value Retail SA 278,766 1,324,854 Babcock International Group P.L.C. 169,485 1,888,007 BAE Systems P.L.C. 298,043 2,364,622 Balfour Beatty P.L.C. 204,717 712,609 Barclays P.L.C. 458,755 1,230,037 Barclays P.L.C. Sponsored ADR 154,832 1,661,347 Barratt Developments P.L.C. 285,381 2,317,780 BBA Aviation P.L.C. 277,237 1,096,454 Beazley P.L.C. 254,148 1,717,556 Bellway P.L.C. 64,145 2,701,060 Berendsen P.L.C. 73,289 1,232,830 Berkeley Group Holdings P.L.C. 45,811 2,112,730 BGEO Group P.L.C. 8,483 386,063 BHP Billiton P.L.C. 121,187 2,209,725 BHP Billiton P.L.C. ADR 75,383 2,744,695 Bloomsbury Publishing P.L.C. 5,758 13,653 Bodycote P.L.C. 92,247 1,107,413 Booker Group P.L.C. 343,619 872,606 Bovis Homes Group P.L.C. 51,320 685,133 BP P.L.C. 1,306 7,671 BP P.L.C. Sponsored ADR 395,943 13,913,440 Braemar Shipping Services P.L.C. 660 2,570 Brewin Dolphin Holdings P.L.C. 110,052 521,595 British American Tobacco P.L.C. 27,852 1,732,554 British American Tobacco P.L.C. Sponsored ADR 33,528 2,096,171 Britvic P.L.C. 103,017 970,093 BT Group P.L.C. 130,016 538,045 BT Group P.L.C. Sponsored ADR 35,000 731,150 * BTG P.L.C. 53,037 461,065 Bunzl P.L.C. 37,449 1,130,721 Burberry Group P.L.C. 60,755 1,370,479 * Cambian Group P.L.C. 5,849 15,077 Cape P.L.C. 49,047 169,126 Capita P.L.C. 39,768 345,541 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Capital & Counties Properties P.L.C. 185,908 $ 706,701 * Carclo P.L.C. 8,684 19,266 Card Factory P.L.C. 35,829 144,751 # Carillion P.L.C. 188,086 140,841 Carnival P.L.C. 12,171 821,498 Carnival P.L.C. ADR 12,230 822,834 * Carpetright P.L.C. 8,258 21,266 Carr's Group P.L.C. 9,590 18,038 Castings P.L.C. 1,976 12,063 Centamin P.L.C. 509,119 1,116,687 Centrica P.L.C. 539,221 1,412,581 Charles Stanley Group P.L.C. 382 1,953 Chemring Group P.L.C. 95,030 224,521 Chesnara P.L.C. 26,225 132,038 Cineworld Group P.L.C. 88,679 806,278 * Circassia Pharmaceuticals P.L.C. 17,287 20,206 City of London Investment Group P.L.C. 4,254 23,332 Clarkson P.L.C. 2,561 90,393 Close Brothers Group P.L.C. 75,200 1,529,038 CLS Holdings P.L.C. 4,390 12,330 Cobham P.L.C. 713,169 1,249,241 Coca-Cola HBC AG 48,919 1,478,971 Communisis P.L.C. 32,313 20,296 Compass Group P.L.C. 92,405 1,971,660 Computacenter P.L.C. 29,105 339,649 Connect Group P.L.C. 55,168 80,800 Consort Medical P.L.C. 11,797 165,781 Costain Group P.L.C. 53,994 333,814 Countrywide P.L.C. 6,595 13,401 Cranswick P.L.C. 20,793 796,091 Crest Nicholson Holdings P.L.C. 99,776 708,442 Croda International P.L.C. 27,658 1,349,606 Daily Mail & General Trust P.L.C. 90,710 762,907 Dairy Crest Group P.L.C. 64,944 508,316 DCC P.L.C. 19,589 1,722,117 De La Rue P.L.C. 39,052 343,775 Debenhams P.L.C. 560,309 317,900 Dechra Pharmaceuticals P.L.C. 29,248 684,330 Devro P.L.C. 75,936 216,318 Diageo P.L.C. 19,831 640,481 Diageo P.L.C. Sponsored ADR 15,795 2,062,353 * Dialight P.L.C. 7,092 84,629 Dignity P.L.C. 13,885 466,891 Diploma P.L.C. 53,449 760,599 Direct Line Insurance Group P.L.C. 455,456 2,250,913 Dixons Carphone P.L.C. 264,749 940,317 Domino's Pizza Group P.L.C. 109,110 383,449 Drax Group P.L.C. 181,021 760,608 DS Smith P.L.C. 331,863 2,114,012 Dunelm Group P.L.C. 15,258 121,243 easyJet P.L.C. 42,738 697,074 * EI Group P.L.C. 254,877 478,676 Electrocomponents P.L.C. 186,102 1,523,154 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) Elementis P.L.C. 228,092 $ 891,571 * EnQuest P.L.C. 492,531 218,640 Entertainment One, Ltd. 4,134 12,999 Essentra P.L.C. 83,889 591,996 esure Group P.L.C. 76,590 299,181 Euromoney Institutional Investor P.L.C. 12,892 188,446 * Evraz P.L.C. 107,225 336,983 Experian P.L.C. 61,660 1,224,953 Fenner P.L.C. 97,238 441,833 Ferrexpo P.L.C. 93,051 292,290 Fidessa Group P.L.C. 13,341 398,114 * Findel P.L.C. 9,252 22,112 * Firstgroup P.L.C. 586,411 894,272 * Flybe Group P.L.C. 33,109 16,371 Foxtons Group P.L.C. 10,259 12,154 Fresnillo P.L.C. 19,968 405,234 G4S P.L.C. 395,921 1,718,576 Galliford Try P.L.C. 40,957 732,379 Games Workshop Group P.L.C. 2,128 45,016 * Gem Diamonds, Ltd. 33,740 36,634 Genus P.L.C. 18,091 411,603 GKN P.L.C. 395,639 1,678,441 GlaxoSmithKline P.L.C. 15,015 298,903 GlaxoSmithKline P.L.C. Sponsored ADR 73,776 2,989,404 Glencore P.L.C. 890,117 3,926,657 Go-Ahead Group P.L.C. 15,636 370,534 * Gocompare.Com Group P.L.C. 74,689 111,449 Grafton Group P.L.C. 62,797 636,002 Greencore Group P.L.C. 280,684 828,477 Greene King P.L.C. 127,558 1,152,317 Greggs P.L.C. 48,484 703,633 * Gulf Keystone Petroleum, Ltd. 8,996 11,178 Gulf Marine Services P.L.C. 11,440 9,339 GVC Holdings P.L.C. 62,822 637,139 Gym Group P.L.C. (The) 4,425 11,302 Halfords Group P.L.C. 91,559 402,807 Halma P.L.C. 139,141 2,016,789 Hargreaves Lansdown P.L.C. 29,987 545,631 Hastings Group Holdings P.L.C. 12,043 48,734 Hays P.L.C. 721,764 1,587,248 Headlam Group P.L.C. 14,701 114,050 Helical P.L.C. 55,777 254,477 Henry Boot P.L.C. 2,952 11,767 Hikma Pharmaceuticals P.L.C. 37,256 693,508 Hill & Smith Holdings P.L.C. 36,281 641,248 Hilton Food Group P.L.C. 4,771 42,562 Hiscox, Ltd. 118,136 2,023,968 Hochschild Mining P.L.C. 130,318 544,499 Hogg Robinson Group P.L.C. 5,845 5,663 HomeServe P.L.C. 96,605 923,415 Hostelworld Group P.L.C. 2,814 10,935 Howden Joinery Group P.L.C. 155,420 871,729 HSBC Holdings P.L.C. 305,098 3,055,528 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- UNITED KINGDOM -- (Continued) HSBC Holdings P.L.C. Sponsored ADR 234,286 $11,735,385 * Hunting P.L.C. 67,941 420,485 Huntsworth P.L.C. 53,480 52,024 Ibstock P.L.C. 23,357 78,623 * Imagination Technologies Group P.L.C. 57,057 108,603 IMI P.L.C. 121,986 1,937,177 Imperial Brands P.L.C. 55,627 2,290,902 Inchcape P.L.C. 181,995 1,929,218 Indivior P.L.C. 173,570 878,650 Informa P.L.C. 160,708 1,473,987 Inmarsat P.L.C. 145,588 1,489,974 InterContinental Hotels Group P.L.C. 10,147 574,150 InterContinental Hotels Group P.L.C. ADR 11,149 632,790 International Consolidated Airlines Group SA 197,808 1,508,577 Interserve P.L.C. 73,502 218,725 Intertek Group P.L.C. 36,030 2,043,814 Investec P.L.C. 169,145 1,284,318 ITE Group P.L.C. 135,274 322,763 ITV P.L.C. 517,943 1,184,434 IWG P.L.C. 305,754 1,324,747 J D Wetherspoon P.L.C. 54,210 731,479 J Sainsbury P.L.C. 724,990 2,342,414 * Jackpotjoy P.L.C. 22,813 203,057 James Fisher & Sons P.L.C. 23,671 489,995 Jardine Lloyd Thompson Group P.L.C. 35,302 552,699 JD Sports Fashion P.L.C. 156,435 739,450 John Menzies P.L.C. 41,373 382,742 John Wood Group P.L.C. 110,385 890,868 Johnson Matthey P.L.C. 50,968 1,888,992 Jupiter Fund Management P.L.C. 215,137 1,513,666 * Just Eat P.L.C. 42,532 348,375 Just Group P.L.C. 6,328 12,274 * KAZ Minerals P.L.C. 112,829 1,068,680 KCOM Group P.L.C. 196,896 238,388 Keller Group P.L.C. 26,538 308,603 Kier Group P.L.C. 25,955 441,113 Kingfisher P.L.C. 374,201 1,452,183 Ladbrokes Coral Group P.L.C. 357,091 595,888 Laird P.L.C. 172,499 340,369 * Lamprell P.L.C. 62,935 82,215 Lancashire Holdings, Ltd. 61,489 589,968 Laura Ashley Holdings P.L.C. 51,893 7,023 Legal & General Group P.L.C. 821,224 2,907,723 * Liberty Global P.L.C. Class A 12,282 415,869 * Liberty Global P.L.C. Series C 30,121 987,054 * Liberty Global P.L.C. LiLAC Class A 1,660 42,695 * Liberty Global P.L.C. LiLAC Class C 4,074 103,968 Lloyds Banking Group P.L.C. 3,866,397 3,342,644 Lloyds Banking Group P.L.C. ADR 542,240 1,908,685 London Stock Exchange Group P.L.C. 14,171 701,562 * Lonmin P.L.C. 46,737 51,025 Lookers P.L.C. 84,294 122,102 Low & Bonar P.L.C. 44,867 50,914 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) Man Group P.L.C. 540,803 $1,141,705 Marks & Spencer Group P.L.C. 542,157 2,304,231 Marshalls P.L.C. 86,710 438,908 Marston's P.L.C. 231,847 354,963 McBride P.L.C. 87,532 218,302 Mears Group P.L.C. 30,326 197,758 Mediclinic International P.L.C.(BYYWHN1) 34,624 336,543 Mediclinic International P.L.C.(B8HX8Z8) 78,401 765,800 Meggitt P.L.C. 234,550 1,556,770 Melrose Industries P.L.C. 896,896 2,749,901 Merlin Entertainments P.L.C. 76,082 471,099 Micro Focus International P.L.C. 47,970 1,412,637 Millennium & Copthorne Hotels P.L.C. 60,888 367,635 Mitchells & Butlers P.L.C. 84,702 270,020 Mitie Group P.L.C. 194,308 682,950 MJ Gleeson P.L.C. 650 5,917 Mondi P.L.C. 88,836 2,339,890 Moneysupermarket.com Group P.L.C. 111,725 489,168 Morgan Advanced Materials P.L.C. 125,068 493,833 Morgan Sindall Group P.L.C. 10,734 193,986 * Mothercare P.L.C. 58,929 79,085 N Brown Group P.L.C. 54,111 222,847 National Express Group P.L.C. 195,600 940,179 National Grid P.L.C. 3,158 39,076 National Grid P.L.C. Sponsored ADR 17,667 1,104,359 NCC Group P.L.C. 8,560 21,880 NEX Group P.L.C. 113,601 998,975 Next P.L.C. 12,985 676,849 Norcros P.L.C. 5,400 12,774 Northgate P.L.C. 62,336 355,554 Novae Group P.L.C. 11,761 109,531 * Ocado Group P.L.C. 65,260 259,255 Old Mutual P.L.C. 679,830 1,763,262 On the Beach Group P.L.C. 13,405 82,344 OneSavings Bank P.L.C. 28,323 147,361 Oxford Instruments P.L.C. 18,455 254,552 Pagegroup P.L.C. 183,410 1,185,565 PayPoint P.L.C. 9,467 111,877 * Paysafe Group P.L.C. 169,176 1,316,736 Pearson P.L.C. 13,867 120,006 Pearson P.L.C. Sponsored ADR 65,631 564,427 Pendragon P.L.C. 223,487 88,345 Pennon Group P.L.C. 94,726 1,006,845 Persimmon P.L.C. 91,051 3,008,409 * Petra Diamonds, Ltd. 257,371 324,422 Petrofac, Ltd. 93,711 553,716 * Petropavlovsk P.L.C. 1,277,539 123,473 Pets at Home Group P.L.C. 25,192 54,085 Phoenix Group Holdings 97,246 979,361 Photo-Me International P.L.C. 126,849 274,154 Playtech P.L.C. 81,676 1,035,039 Polypipe Group P.L.C. 34,539 183,136 * Premier Foods P.L.C. 483,856 250,630 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- UNITED KINGDOM -- (Continued) #* Premier Oil P.L.C. 253,951 $ 203,163 Provident Financial P.L.C. 34,868 949,208 Prudential P.L.C. 26,666 650,663 Prudential P.L.C. ADR 28,024 1,372,335 * Punch Taverns P.L.C. 7,917 18,513 PZ Cussons P.L.C. 100,713 482,461 QinetiQ Group P.L.C. 278,180 884,802 Randgold Resources, Ltd. 12,791 1,190,639 Rank Group P.L.C. 65,158 201,227 * Raven Russia, Ltd. 28,783 18,434 Reckitt Benckiser Group P.L.C. 17,209 1,673,185 Redrow P.L.C. 118,267 924,183 RELX P.L.C. 19,573 426,325 RELX P.L.C. Sponsored ADR 24,440 540,368 Renewi P.L.C. 216,030 262,048 Renishaw P.L.C. 13,610 748,089 * Renold P.L.C. 4,231 2,985 Rentokil Initial P.L.C. 393,216 1,507,005 Restaurant Group P.L.C. (The) 65,040 286,925 Ricardo P.L.C. 13,698 139,529 Rightmove P.L.C. 21,562 1,196,122 Rio Tinto P.L.C. 41,428 1,941,607 Rio Tinto P.L.C. Sponsored ADR 118,367 5,608,228 RM P.L.C. 10,751 24,541 Robert Walters P.L.C. 18,804 117,568 Rolls-Royce Holdings P.L.C. 279,216 3,271,552 Rotork P.L.C. 367,794 1,123,485 * Royal Bank of Scotland Group P.L.C. 102,482 335,994 * Royal Bank of Scotland Group P.L.C. Sponsored ADR 57,557 382,178 Royal Dutch Shell P.L.C. Class A 171,736 4,850,058 Royal Dutch Shell P.L.C. Class B 35,290 1,005,331 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 174,081 9,840,784 Royal Dutch Shell P.L.C. Sponsored ADR, Class B 149,242 8,635,142 Royal Mail P.L.C. 227,876 1,211,702 RPC Group P.L.C. 155,612 1,839,928 RPS Group P.L.C. 83,208 299,322 RSA Insurance Group P.L.C. 237,479 2,044,646 Saga P.L.C. 180,421 496,878 Sage Group P.L.C. (The) 217,428 1,933,581 Savills P.L.C. 61,865 746,043 Schroders P.L.C.(0239581) 8,330 270,523 Schroders P.L.C.(0240549) 13,576 616,920 SDL P.L.C. 18,264 154,988 Senior P.L.C. 160,568 526,757 * Serco Group P.L.C. 179,358 262,592 Severfield P.L.C. 55,690 54,477 Severn Trent P.L.C. 29,306 866,502 Shire P.L.C. 17,173 960,012 Shire P.L.C. ADR 3,900 653,406 SIG P.L.C. 274,826 600,296 Sky P.L.C. 36,075 459,745 Sky P.L.C. Sponsored ADR 701 35,716 Smith & Nephew P.L.C. 25,370 441,437 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- UNITED KINGDOM -- (Continued) Smith & Nephew P.L.C. Sponsored ADR 18,108 $ 638,289 Smiths Group P.L.C. 121,817 2,467,387 Soco International P.L.C. 83,733 133,879 Spectris P.L.C. 45,266 1,469,219 Speedy Hire P.L.C. 108,594 78,074 Spirax-Sarco Engineering P.L.C. 20,262 1,487,091 Spire Healthcare Group P.L.C. 8,022 36,490 Spirent Communications P.L.C. 139,355 217,604 * Sports Direct International P.L.C. 56,759 283,975 SSE P.L.C. 177,079 3,222,553 SSP Group P.L.C. 113,755 764,662 St James's Place P.L.C. 118,031 1,895,856 St. Ives P.L.C. 14,743 10,696 St. Modwen Properties P.L.C. 81,897 387,191 Stagecoach Group P.L.C. 100,526 239,109 * Standard Chartered P.L.C. 312,499 3,493,197 Standard Life P.L.C. 272,963 1,571,201 Sthree P.L.C. 10,289 43,175 Stobart Group, Ltd. 43,495 158,004 SuperGroup P.L.C. 26,573 525,460 Synthomer P.L.C. 152,146 983,288 TalkTalk Telecom Group P.L.C. 122,081 289,552 Tate & Lyle P.L.C. 188,272 1,669,438 Taylor Wimpey P.L.C. 1,157,912 2,908,212 Ted Baker P.L.C. 7,221 239,633 Telecom Plus P.L.C. 31,801 480,560 * Tesco P.L.C. 752,450 1,729,517 Thomas Cook Group P.L.C. 631,386 914,753 Topps Tiles P.L.C. 22,737 24,841 TP ICAP P.L.C. 174,982 1,122,821 Travis Perkins P.L.C. 72,030 1,442,642 Trifast P.L.C. 8,295 24,252 Trinity Mirror P.L.C. 178,060 245,581 TT Electronics P.L.C. 46,202 129,619 TUI AG(5666292) 63,010 993,535 TUI AG(B11LJN4) 41,904 658,629 * Tullow Oil P.L.C. 572,536 1,273,407 U & I Group P.L.C. 44,200 109,686 UBM P.L.C. 106,385 1,015,807 UDG Healthcare P.L.C. 72,965 814,627 Ultra Electronics Holdings P.L.C. 37,329 1,031,718 Unilever P.L.C. 9,090 518,427 Unilever P.L.C. Sponsored ADR 29,794 1,697,960 United Utilities Group P.L.C. 87,349 1,035,129 * Vectura Group P.L.C. 156,103 234,807 Vedanta Resources P.L.C. 31,877 323,764 Vesuvius P.L.C. 104,802 751,152 Victrex P.L.C. 44,507 1,158,314 Virgin Money Holdings UK P.L.C. 102,229 384,645 Vitec Group P.L.C. (The) 9,130 121,427 Vodafone Group P.L.C. 1,148,769 3,367,449 Vodafone Group P.L.C. Sponsored ADR 137,812 4,090,274 * Volex P.L.C. 1,437 1,157 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ ------- -------------- UNITED KINGDOM -- (Continued) Weir Group P.L.C. (The) 42,224 $ 1,022,012 WH Smith P.L.C. 26,244 609,682 Whitbread P.L.C. 31,532 1,601,194 William Hill P.L.C. 349,049 1,153,662 Wilmington P.L.C. 2,776 8,713 Wincanton P.L.C. 24,233 82,228 WM Morrison Supermarkets P.L.C. 759,515 2,408,878 Wolseley P.L.C. 36,508 2,179,815 Worldpay Group P.L.C. 201,659 984,057 WPP P.L.C. 77,375 1,577,969 WPP P.L.C. Sponsored ADR 17,868 1,821,821 Xaar P.L.C. 21,333 118,954 ZPG P.L.C. 32,830 158,157 -------------- TOTAL UNITED KINGDOM 366,260,471 -------------- UNITED STATES -- (0.0%) * Janus Henderson Group P.L.C. 27,241 899,717 -------------- TOTAL COMMON STOCKS 3,091,500,920 -------------- PREFERRED STOCKS -- (0.9%) BRAZIL -- (0.5%) Alpargatas SA 67,407 321,866 Banco ABC Brasil SA 35,787 187,866 Banco Bradesco SA 103,125 998,395 Banco Bradesco SA ADR 165,017 1,587,461 Banco do Estado do Rio Grande do Sul SA Class B 92,394 433,474 * Banco Pan SA 66,997 40,391 Braskem SA Class A 14,800 177,077 Centrais Eletricas Brasileiras SA Class B 45,900 245,371 * Centrais Eletricas Santa Catarina 2,600 16,776 * Cia Brasileira de Distribuicao 36,529 849,280 Cia de Gas de Sao Paulo - COMGAS Class A 6,309 95,494 Cia de Saneamento do Parana 66,300 225,369 Cia de Transmissao de Energia Eletrica Paulista 10,849 243,536 Cia Energetica de Minas Gerais 172,337 470,862 Cia Energetica de Sao Paulo Class B 46,000 230,122 Cia Energetica do Ceara Class A 2,332 36,008 Cia Ferro Ligas da Bahia - FERBASA 24,000 93,896 Cia Paranaense de Energia 23,605 196,131 Eletropaulo Metropolitana Eletricidade de Sao Paulo SA 27,346 125,314 Eucatex SA Industria e Comercio 4,600 4,145 Gerdau SA 208,149 711,552 Itau Unibanco Holding SA 311,792 3,731,486 Itau Unibanco Holding SA ADR 21,844 260,160 Lojas Americanas SA 99,960 502,308 Marcopolo SA 200,500 209,608 * Petroleo Brasileiro SA 335,363 1,429,273 * Petroleo Brasileiro SA Sponsored ADR 72,469 615,987 Randon SA Implementos e Participacoes 105,900 181,008 Suzano Papel e Celulose SA Class A 113,134 508,647 Telefonica Brasil SA 7,400 110,845 * Usinas Siderurgicas de Minas Gerais SA Class A 182,086 301,885 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- BRAZIL -- (Continued) Vale SA 179,881 $ 1,682,662 ----------- TOTAL BRAZIL 16,824,255 ----------- CHILE -- (0.0%) Coca-Cola Embonor SA Class B 8,262 20,280 Embotelladora Andina SA Class B 17,884 81,468 ----------- TOTAL CHILE 101,748 ----------- COLOMBIA -- (0.0%) Avianca Holdings SA 134,571 118,972 Banco Davivienda SA 15,303 173,727 Grupo Argos SA 2,240 14,642 Grupo Aval Acciones y Valores SA 34,933 15,442 Grupo de Inversiones Suramericana SA 10,206 141,087 ----------- TOTAL COLOMBIA 463,870 ----------- GERMANY -- (0.4%) Bayerische Motoren Werke AG 9,566 762,282 * Biotest AG 5,294 143,956 Draegerwerk AG & Co. KGaA 3,002 322,982 Fuchs Petrolub SE 11,114 659,787 Henkel AG & Co. KGaA 3,488 494,068 Jungheinrich AG 22,378 888,003 Porsche Automobil Holding SE 20,128 1,151,988 Sartorius AG 7,040 665,384 Schaeffler AG 10,648 148,458 Sixt SE 8,363 474,994 STO SE & Co. KGaA 791 111,706 Villeroy & Boch AG 6,080 129,810 Volkswagen AG 31,159 4,791,910 ----------- TOTAL GERMANY 10,745,328 ----------- INDIA -- (0.0%) UPL, Ltd., 5.000% 4,620 955 Vedanta, Ltd. 4,237,600 53,341 ----------- TOTAL INDIA 54,296 ----------- TOTAL PREFERRED STOCKS 28,189,497 ----------- RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Link Administration Holdings, Ltd. Rights 07/17/17 25,626 -- ----------- AUSTRIA -- (0.0%) * Intercell AG Rights 05/16/13 4,255 -- ----------- BRAZIL -- (0.0%) * Banco ABC Brasil SA Rights 08/03/17 1,260 1,210 * Brasil Brokers Participacoes SA Rights 07/31/17 20,809 67 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED SHARES VALUE++ --------- -------------- BRAZIL -- (Continued) * Iochpe Maxion SA Warrants 06/03/19 2,127 $ 4,639 -------------- TOTAL BRAZIL 5,916 -------------- CHILE -- (0.0%) * Grupo Security SA Rights 08/24/17 19,812 777 -------------- FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 64,889 -- -------------- HONG KONG -- (0.0%) * Cheuk Nang Holdings, Ltd. Rights 06/21/18 808 110 -------------- INDIA -- (0.0%) * Intellect Design Arena, Ltd. Rights 08/09/17 2,836 1,068 -------------- JAPAN -- (0.0%) * AD Works Co., Ltd. Rights 09/12/2017 62,800 4,557 -------------- SOUTH KOREA -- (0.0%) * Iljin Materials Co., Ltd. Rights 08/30/17 969 6,841 Ssangyong Cement Industrial Co., Ltd. Rights * 08/21/17 665 624 -------------- TOTAL SOUTH KOREA 7,465 -------------- TAIWAN -- (0.0%) * Airtac International Group Rights 08/09/17 1,274 4,576 * Long Chen Paper Co., Ltd. Rights 08/14/17 4,058 605 -------------- TOTAL TAIWAN 5,181 -------------- THAILAND -- (0.0%) * Jay Mart PCL Warrants 06/05/19 39,304 4,346 * RS PCL Warrants 05/23/20 27,340 5,012 * Vibhavadi Medical Center PCL Warrants 06/14/22 110,462 -- -------------- TOTAL THAILAND 9,358 -------------- TURKEY -- (0.0%) Boyner Perakende Ve Tekstil Yatirimlari A.S. * Rights 09/11/17 1,996 16,969 -------------- TOTAL RIGHTS/WARRANTS 51,401 -------------- TOTAL INVESTMENT SECURITIES 3,119,741,818 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (1.3%) (S)@ DFA Short Term Investment Fund 3,576,594 41,388,341 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $2,480,122,973)^^ $3,161,130,159 ============== T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------------ ------- ------------ Common Stocks Australia $ 2,502,091 $141,238,268 -- $143,740,359 Austria -- 16,743,551 -- 16,743,551 Belgium 1,156,741 34,601,180 -- 35,757,921 Brazil 42,979,066 -- -- 42,979,066 Canada 193,789,935 -- -- 193,789,935 Chile 10,112,114 -- -- 10,112,114 China 23,624,269 184,657,202 -- 208,281,471 Colombia 2,506,630 -- -- 2,506,630 Czech Republic -- 893,123 -- 893,123 Denmark 882,768 41,375,346 -- 42,258,114 Egypt -- 139,531 -- 139,531 Finland 24,066 42,216,699 -- 42,240,765 France 4,296,452 170,845,487 -- 175,141,939 Germany 9,430,867 159,685,100 -- 169,115,967 Greece 32,416 2,636,681 -- 2,669,097 Hong Kong 241,451 68,178,084 -- 68,419,535 Hungary -- 2,953,216 -- 2,953,216 India 2,462,254 88,386,486 -- 90,848,740 Indonesia 416,353 18,988,908 -- 19,405,261 Ireland 4,161,898 7,687,973 -- 11,849,871 Israel 3,414,991 13,557,642 -- 16,972,633 Italy 2,114,049 64,983,012 -- 67,097,061 Japan 13,934,328 523,459,206 -- 537,393,534 Malaysia 228,878 21,097,759 -- 21,326,637 Mexico 29,079,652 -- -- 29,079,652 Netherlands 11,444,026 55,152,088 -- 66,596,114 New Zealand 35,626 10,890,611 -- 10,926,237 Norway 772,956 18,773,884 -- 19,546,840 Peru 653,615 -- -- 653,615 Philippines 153,323 9,079,651 -- 9,232,974 Poland -- 12,448,442 -- 12,448,442 Portugal -- 6,322,992 -- 6,322,992 Russia 1,423,241 6,584,348 -- 8,007,589 Singapore -- 26,788,651 -- 26,788,651 South Africa 6,122,811 50,312,646 -- 56,435,457 South Korea 7,632,219 122,908,165 -- 130,540,384 Spain 4,572,537 56,361,575 -- 60,934,112 Sweden 3,106,738 67,620,702 -- 70,727,440 Switzerland 16,231,675 128,547,993 -- 144,779,668 Taiwan 4,645,772 113,088,727 -- 117,734,499 Thailand 19,353,329 68,893 -- 19,422,222 Turkey 84,244 11,443,529 -- 11,527,773 United Kingdom 83,124,075 283,136,396 -- 366,260,471 United States -- 899,717 -- 899,717 Preferred Stocks Brazil 16,824,255 -- -- 16,824,255 Chile 101,748 -- -- 101,748 Colombia 463,870 -- -- 463,870 Germany -- 10,745,328 -- 10,745,328 India 955 53,341 -- 54,296 Rights/Warrants Brazil -- 5,916 -- 5,916 Chile -- 777 -- 777 Hong Kong -- 110 -- 110 India -- 1,068 -- 1,068 Japan -- 4,557 -- 4,557 T.A. WORLD EX U.S. CORE EQUITY PORTFOLIO CONTINUED South Korea -- 7,465 -- 7,465 Taiwan -- 5,181 -- 5,181 Thailand -- 9,358 -- 9,358 Turkey -- 16,969 -- 16,969 Securities Lending Collateral -- 41,388,341 -- 41,388,341 ------------ -------------- -- -------------- TOTAL $524,138,284 $2,636,991,875 -- $3,161,130,159 ============ ============== == ============== LWAS/DFA INTERNATIONAL HIGH BOOK TO MARKET PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) VALUE+ ----------- AFFILIATED INVESTMENT COMPANY -- (100.0%) Investment in The DFA International Value Series of The DFA Investment Trust Company $57,194,683 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANY (Cost $47,553,958)^^ $57,194,683 =========== Summary of the Portfolio's Master Fund's investments as of July 31, 2017, based on their valuation inputs, is located within this report (See Security Valuation Note). VA U.S. TARGETED VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------ -------- COMMON STOCKS -- (90.6%) Consumer Discretionary -- (14.3%) * 1-800-Flowers.com, Inc. Class A 10,868 $104,876 A.H. Belo Corp. Class A 6,766 35,860 Aaron's, Inc. 15,827 732,474 Abercrombie & Fitch Co. Class A 14,889 146,508 Adient P.L.C. 6,342 415,211 Adtalem Global Education, Inc. 19,623 637,747 Advance Auto Parts, Inc. 1,302 145,837 # AMC Entertainment Holdings, Inc. Class A 13,141 268,076 * America's Car-Mart, Inc. 3,177 124,538 * American Axle & Manufacturing Holdings, Inc. 23,831 351,269 American Eagle Outfitters, Inc. 57,504 680,847 * American Public Education, Inc. 4,812 102,496 Ark Restaurants Corp. 411 9,346 * Ascena Retail Group, Inc. 42,777 100,098 * Ascent Capital Group, Inc. Class A 4,127 69,746 #* AutoNation, Inc. 22,896 970,332 #* AV Homes, Inc. 6,986 112,125 * Ballantyne Strong, Inc. 3,604 24,507 * Barnes & Noble Education, Inc. 15,404 111,371 Barnes & Noble, Inc. 14,130 115,159 Bassett Furniture Industries, Inc. 2,400 89,280 Beasley Broadcast Group, Inc. Class A 1,850 19,425 # Bed Bath & Beyond, Inc. 18,190 543,881 * Belmond, Ltd. Class A 22,017 287,322 # Big 5 Sporting Goods Corp. 7,076 76,067 * Biglari Holdings, Inc. 274 102,564 #* Black Diamond, Inc. 2,603 16,920 * Bojangles', Inc. 1,988 26,440 #* Boot Barn Holdings, Inc. 833 6,672 Bowl America, Inc. Class A 120 1,755 # Boyd Gaming Corp. 6,583 164,970 * Bridgepoint Education, Inc. 16,133 156,651 * Build-A-Bear Workshop, Inc. 4,970 47,712 # CalAtlantic Group, Inc. 26,414 927,131 Caleres, Inc. 9,312 254,031 Callaway Golf Co. 20,349 259,043 * Career Education Corp. 9,985 83,974 Carriage Services, Inc. 4,980 121,462 * Carrols Restaurant Group, Inc. 4,575 55,815 Cato Corp. (The) Class A 4,785 81,393 * Cavco Industries, Inc. 1,874 244,370 * Century Casinos, Inc. 2,707 19,463 * Century Communities, Inc. 7,034 182,181 * Cherokee, Inc. 2,400 12,600 Chico's FAS, Inc. 28,332 259,238 #* Christopher & Banks Corp. 10,070 14,199 * Chuy's Holdings, Inc. 1,313 30,921 Citi Trends, Inc. 5,360 118,724 #* Conn's, Inc. 100 2,140 #* Container Store Group, Inc. (The) 5,454 29,179 # Cooper Tire & Rubber Co. 11,466 419,082 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Consumer Discretionary -- (Continued) * Cooper-Standard Holdings, Inc. 3,664 $374,681 Core-Mark Holding Co., Inc. 7,474 274,072 * Crocs, Inc. 11,526 91,516 Crown Crafts, Inc. 1,600 8,640 CSS Industries, Inc. 2,121 56,779 Culp, Inc. 1,977 59,310 Dana, Inc. 26,013 617,028 * Deckers Outdoor Corp. 6,345 411,537 * Del Frisco's Restaurant Group, Inc. 8,976 127,459 * Del Taco Restaurants, Inc. 13,090 171,348 * Delta Apparel, Inc. 2,240 47,107 #* Destination XL Group, Inc. 363 726 Dick's Sporting Goods, Inc. 7,145 266,794 # Dillard's, Inc. Class A 7,236 534,162 * Dixie Group, Inc. (The) 3,300 14,025 Dover Motorsports, Inc. 3,360 6,888 Drive Shack, Inc. 5,810 17,779 DSW, Inc. Class A 15,786 284,779 * El Pollo Loco Holdings, Inc. 6,630 86,190 #* Eldorado Resorts, Inc. 1,650 33,660 # Entercom Communications Corp. Class A 11,023 108,577 Escalade, Inc. 794 9,806 Ethan Allen Interiors, Inc. 5,435 174,192 * EVINE Live, Inc. 5,200 6,188 #* EW Scripps Co. (The) Class A 18,731 368,064 * Express, Inc. 19,298 116,946 Extended Stay America, Inc. 10,343 204,481 * Fiesta Restaurant Group, Inc. 5,726 96,197 # Finish Line, Inc. (The) Class A 8,051 110,782 Flexsteel Industries, Inc. 1,351 75,629 # Foot Locker, Inc. 503 23,737 #* Fossil Group, Inc. 9,236 103,905 # Fred's, Inc. Class A 10,482 70,963 * FTD Cos., Inc. 7,306 143,563 #* G-III Apparel Group, Ltd. 8,781 228,569 #* Gaia, Inc. 3,295 39,705 # GameStop Corp. Class A 23,664 513,272 Gannett Co., Inc. 22,590 202,632 * Genesco, Inc. 3,998 128,336 Gentex Corp. 22,016 374,712 * Gentherm, Inc. 3,962 132,529 #* Global Eagle Entertainment, Inc. 1,124 3,552 Graham Holdings Co. Class B 1,148 680,075 * Gray Television, Inc. 15,873 236,508 * Green Brick Partners, Inc. 5,473 61,571 # Group 1 Automotive, Inc. 5,157 307,099 # Guess?, Inc. 23,477 306,610 * Harte-Hanks, Inc. 10,685 10,311 Haverty Furniture Cos., Inc. 3,937 87,598 * Helen of Troy, Ltd. 4,296 432,822 * Hibbett Sports, Inc. 5,284 82,430 Hooker Furniture Corp. 2,723 114,911 * Iconix Brand Group, Inc. 18,765 125,163 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) ILG, Inc. 29,587 $ 784,351 * IMAX Corp. 4,124 88,254 # International Game Technology P.L.C. 50,779 966,832 International Speedway Corp. Class A 2,124 76,039 #* iRobot Corp. 394 41,571 * J Alexander's Holdings, Inc. 1,215 12,818 #* JAKKS Pacific, Inc. 539 1,779 #* JC Penney Co., Inc. 54,959 297,328 John Wiley & Sons, Inc. Class A 5,336 294,814 Johnson Outdoors, Inc. Class A 2,148 108,517 * K12, Inc. 11,866 210,147 # KB Home 22,037 505,088 * Kirkland's, Inc. 3,316 31,005 # Kohl's Corp. 40,712 1,683,441 #* Kona Grill, Inc. 1,911 5,064 * La Quinta Holdings, Inc. 22,741 339,068 La-Z-Boy, Inc. 10,640 359,632 * Lakeland Industries, Inc. 2,265 34,088 #* LGI Homes, Inc. 773 34,244 Libbey, Inc. 5,451 49,059 Liberty Tax, Inc. 1,820 25,662 * Liberty TripAdvisor Holdings, Inc. Class A 15,021 176,497 Lifetime Brands, Inc. 3,891 73,734 * Lincoln Educational Services Corp. 5,134 15,967 # Lithia Motors, Inc. Class A 4,611 476,086 * Luby's, Inc. 7,944 22,799 * M/I Homes, Inc. 5,985 155,251 Macy's, Inc. 48,334 1,147,932 Marcus Corp. (The) 3,591 97,675 * MarineMax, Inc. 5,308 79,355 Marriott Vacations Worldwide Corp. 5,964 696,893 MDC Holdings, Inc. 13,469 461,852 (degrees) Media General, Inc. 11,816 23,868 # Meredith Corp. 7,775 462,224 * Meritage Homes Corp. 9,811 399,798 * Michael Kors Holdings, Ltd. 630 22,957 * Modine Manufacturing Co. 10,439 169,634 * Monarch Casino & Resort, Inc. 777 25,711 # Monro Muffler Brake, Inc. 2,483 115,708 * Motorcar Parts of America, Inc. 4,953 138,535 Movado Group, Inc. 3,197 78,646 * New Home Co., Inc. (The) 4,689 50,688 New Media Investment Group, Inc. 13,573 189,208 * New York & Co., Inc. 5,571 8,691 New York Times Co. (The) Class A 31,945 606,955 News Corp. Class A 85,727 1,226,753 News Corp. Class B 36,347 534,301 # Nexstar Media Group, Inc. Class A 4,077 266,636 Office Depot, Inc. 122,111 716,792 * Overstock.com, Inc. 11,918 190,688 Oxford Industries, Inc. 2,593 163,696 #* Papa Murphy's Holdings, Inc. 1,285 5,474 #* Party City Holdco, Inc. 7,862 109,675 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Consumer Discretionary -- (Continued) Penske Automotive Group, Inc. 16,817 $ 732,212 * Perry Ellis International, Inc. 3,029 59,490 * PICO Holdings, Inc. 8,513 138,336 Pier 1 Imports, Inc. 26,162 120,607 * Potbelly Corp. 5,499 63,238 PulteGroup, Inc. 82,860 2,023,441 # Ralph Lauren Corp. 5,093 385,285 RCI Hospitality Holdings, Inc. 2,700 61,263 * Reading International, Inc. Class A 5,626 89,791 * Red Lion Hotels Corp. 6,595 47,154 * Red Robin Gourmet Burgers, Inc. 3,969 237,346 * Regis Corp. 11,475 120,832 Rocky Brands, Inc. 1,900 26,505 * Ruby Tuesday, Inc. 24,609 49,710 Saga Communications, Inc. Class A 1,966 76,379 Salem Media Group, Inc. 4,900 35,035 Scholastic Corp. 8,907 369,017 * Sequential Brands Group, Inc. 4,756 15,267 * Shiloh Industries, Inc. 5,891 43,711 Shoe Carnival, Inc. 4,498 82,133 * Shutterfly, Inc. 830 40,703 # Signet Jewelers, Ltd. 7,030 429,955 Sinclair Broadcast Group, Inc. Class A 1,396 50,326 * Skechers U.S.A., Inc. Class A 10,042 282,080 * Skyline Corp. 791 5,909 Sonic Automotive, Inc. Class A 5,430 98,554 Speedway Motorsports, Inc. 9,772 207,753 # Stage Stores, Inc. 9,977 19,854 Standard Motor Products, Inc. 5,448 274,470 Stanley Furniture Co., Inc. 3,305 4,164 Staples, Inc. 167,945 1,704,642 # Stein Mart, Inc. 6,500 9,035 * Steven Madden, Ltd. 2,415 99,015 * Stoneridge, Inc. 3,623 55,287 Strattec Security Corp. 941 33,405 Superior Industries International, Inc. 4,701 91,905 Superior Uniform Group, Inc. 3,972 88,695 * Tandy Leather Factory, Inc. 2,694 23,842 * Taylor Morrison Home Corp. Class A 7,153 161,801 TEGNA, Inc. 42,602 631,788 Tilly's, Inc. Class A 3,737 37,295 Time, Inc. 25,775 362,139 Toll Brothers, Inc. 43,252 1,669,095 * TopBuild Corp. 10,058 530,861 Tower International, Inc. 5,476 135,257 * Townsquare Media, Inc. Class A 1,365 15,097 * Trans World Entertainment Corp. 8,600 15,050 * TRI Pointe Group, Inc. 48,892 650,264 Tribune Media Co. Class A 7,059 297,537 #* Tuesday Morning Corp. 11,651 21,554 * UCP, Inc. Class A 2,130 23,750 * Unifi, Inc. 5,360 175,594 * Universal Technical Institute, Inc. 1,400 4,984 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) #* Urban One, Inc. 3,383 $ 6,428 #* Urban Outfitters, Inc. 19,840 388,666 * Vera Bradley, Inc. 6,501 65,530 #* Vista Outdoor, Inc. 8,689 200,629 * Vitamin Shoppe, Inc. 4,324 47,564 * VOXX International Corp. 7,853 52,615 West Marine, Inc. 7,465 96,224 Weyco Group, Inc. 493 13,745 #* William Lyon Homes Class A 9,419 212,964 Winnebago Industries, Inc. 7,482 275,338 Wolverine World Wide, Inc. 20,611 581,230 * ZAGG, Inc. 6,295 53,193 #* Zoe's Kitchen, Inc. 1,796 20,313 * Zumiez, Inc. 7,322 92,989 ----------- Total Consumer Discretionary 49,074,263 ----------- Consumer Staples -- (2.4%) # Alico, Inc. 1,067 32,223 * Alliance One International, Inc. 3,922 59,614 Andersons, Inc. (The) 7,081 243,940 * Central Garden & Pet Co. 2,954 94,528 * Central Garden & Pet Co. Class A 8,305 255,462 #* Chefs' Warehouse, Inc. (The) 5,878 85,231 #* Craft Brew Alliance, Inc. 6,674 116,795 * Darling Ingredients, Inc. 40,132 652,948 Dean Foods Co. 19,568 293,520 * Farmer Brothers Co. 2,884 89,837 # Flowers Foods, Inc. 1,471 25,875 Fresh Del Monte Produce, Inc. 10,493 540,075 * Hostess Brands, Inc. 6,493 99,213 Ingles Markets, Inc. Class A 3,020 89,090 Inter Parfums, Inc. 5,983 232,140 # John B. Sanfilippo & Son, Inc. 1,551 99,760 * Landec Corp. 3,961 48,720 Mannatech, Inc. 682 11,083 * Natural Alternatives International, Inc. 1,808 18,080 #* Natural Grocers by Vitamin Cottage, Inc. 1,854 16,334 Nature's Sunshine Products, Inc. 2,068 26,160 Nutraceutical International Corp. 2,600 108,680 Ocean Bio-Chem, Inc. 2,771 10,945 Oil-Dri Corp. of America 882 36,480 Omega Protein Corp. 5,772 92,352 # Orchids Paper Products Co. 2,127 23,950 * Performance Food Group Co. 6,119 176,227 #* Post Holdings, Inc. 11,644 968,781 # Sanderson Farms, Inc. 7,420 970,165 Seaboard Corp. 152 649,800 * Seneca Foods Corp. Class A 2,614 75,022 #* Smart & Final Stores, Inc. 2,818 24,235 SpartanNash Co. 7,655 212,350 * SUPERVALU, Inc. 19,430 69,559 #* TreeHouse Foods, Inc. 5,223 443,067 * United Natural Foods, Inc. 14,367 553,561 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Staples -- (Continued) Universal Corp. 6,470 $ 413,757 Village Super Market, Inc. Class A 3,265 80,743 Weis Markets, Inc. 5,710 270,140 ---------- Total Consumer Staples 8,310,442 ---------- Energy -- (7.6%) Adams Resources & Energy, Inc. 489 18,577 #* Antero Resources Corp. 38,135 786,344 #* Approach Resources, Inc. 6,068 18,993 Arch Coal, Inc. Class A 2,025 154,042 Archrock, Inc. 13,497 147,792 #* Atwood Oceanics, Inc. 18,284 143,712 * Barnwell Industries, Inc. 480 898 * Basic Energy Services, Inc. 813 18,211 * Bill Barrett Corp. 24,395 82,455 # Bristow Group, Inc. 13,259 97,719 #* Callon Petroleum Co. 41,352 468,105 #* CARBO Ceramics, Inc. 827 5,847 * Clean Energy Fuels Corp. 17,901 46,901 * Cloud Peak Energy, Inc. 16,341 56,540 #* CONSOL Energy, Inc. 61,383 1,028,779 * Contango Oil & Gas Co. 10,315 61,890 # CVR Energy, Inc. 6,958 131,576 * Dawson Geophysical Co. 8,333 33,415 Delek US Holdings, Inc. 26,389 689,017 #* Denbury Resources, Inc. 37,710 55,057 # DHT Holdings, Inc. 28,044 116,663 * Diamond Offshore Drilling, Inc. 27,754 344,705 #* Dorian LPG, Ltd. 13,227 95,234 #* Dril-Quip, Inc. 10,838 483,375 * Eclipse Resources Corp. 20,133 56,574 * ENGlobal Corp. 2,200 2,750 # EnLink Midstream LLC 4,259 74,745 # Ensco P.L.C. Class A 62,013 328,049 #* EP Energy Corp. Class A 13,063 44,153 * Era Group, Inc. 6,933 60,733 * Exterran Corp. 10,215 282,853 #* Forum Energy Technologies, Inc. 19,229 254,784 # Frank's International NV 9,680 78,408 # GasLog, Ltd. 9,482 173,046 #* Geospace Technologies Corp. 1,763 27,133 Green Plains, Inc. 10,559 208,540 Gulf Island Fabrication, Inc. 4,850 55,290 * Gulfport Energy Corp. 24,305 306,729 Hallador Energy Co. 9,690 66,764 * Helix Energy Solutions Group, Inc. 54,731 357,941 # Helmerich & Payne, Inc. 22,572 1,142,595 HollyFrontier Corp. 49,208 1,419,159 #* Hornbeck Offshore Services, Inc. 5,318 13,401 * International Seaways, Inc. 4,274 97,490 #* Jones Energy, Inc. Class A 2,913 4,369 #* Matador Resources Co. 10,397 252,231 * Matrix Service Co. 7,938 82,158 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Energy -- (Continued) * McDermott International, Inc. 64,706 $ 438,060 * Mitcham Industries, Inc. 3,927 15,590 # Murphy Oil Corp. 44,623 1,186,079 * Natural Gas Services Group, Inc. 4,280 106,786 * Newpark Resources, Inc. 32,430 270,790 # Noble Corp. P.L.C. 57,709 230,836 # Nordic American Tankers, Ltd. 841 4,945 #* Northern Oil and Gas, Inc. 1,157 1,446 * Oasis Petroleum, Inc. 62,908 489,424 Oceaneering International, Inc. 21,351 547,653 * Oil States International, Inc. 16,831 418,250 * Overseas Shipholding Group, Inc. Class A 12,824 39,498 #* Pacific Drilling SA 1,134 1,701 * Pacific Ethanol, Inc. 12,708 79,425 Panhandle Oil and Gas, Inc. Class A 2,090 45,980 * Par Pacific Holdings, Inc. 982 17,588 * Parker Drilling Co. 40,173 48,208 Patterson-UTI Energy, Inc. 35,568 687,885 # PBF Energy, Inc. Class A 30,503 694,553 * PDC Energy, Inc. 15,112 712,682 * PHI, Inc. Non-Voting 3,824 37,093 * Pioneer Energy Services Corp. 23,135 50,897 * QEP Resources, Inc. 20,931 179,379 # Range Resources Corp. 31,571 666,464 #* Renewable Energy Group, Inc. 15,040 188,000 * REX American Resources Corp. 1,614 161,368 * Rice Energy, Inc. 65,259 1,825,294 * RigNet, Inc. 1,928 36,536 #* Rowan Cos. P.L.C. Class A 39,182 457,254 * RSP Permian, Inc. 38,674 1,328,839 * SandRidge Energy, Inc. 1,734 33,483 Scorpio Tankers, Inc. 51,438 190,835 * SEACOR Holdings, Inc. 4,242 144,610 * SEACOR Marine Holdings, Inc. 4,264 62,169 SemGroup Corp. Class A 13,326 360,468 # Ship Finance International, Ltd. 9,581 130,302 SM Energy Co. 19,921 346,426 #* SRC Energy, Inc. 34,496 293,561 #* Superior Energy Services, Inc. 42,805 460,582 # Teekay Corp. 400 3,920 # Teekay Tankers, Ltd. Class A 49,709 89,476 #* Tesco Corp. 20,681 95,133 * TETRA Technologies, Inc. 31,441 88,349 #* Transocean, Ltd. 108,528 938,767 #* Unit Corp. 16,577 298,054 # US Silica Holdings, Inc. 938 27,324 #* Whiting Petroleum Corp. 48,365 253,916 * Willbros Group, Inc. 7,500 15,300 World Fuel Services Corp. 7,048 227,932 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Energy -- (Continued) * WPX Energy, Inc. 38,250 $ 412,335 ----------- Total Energy 25,917,187 ----------- Financials -- (23.4%) 1st Constitution Bancorp 713 12,228 1st Source Corp. 6,479 318,119 ACNB Corp. 539 15,335 * Allegiance Bancshares, Inc. 549 20,615 * Ambac Financial Group, Inc. 11,804 241,156 American Equity Investment Life Holding Co. 22,152 593,231 American National Bankshares, Inc. 1,394 52,624 American National Insurance Co. 4,189 498,491 American River Bankshares 776 10,825 AmeriServ Financial, Inc. 6,300 24,885 # Amtrust Financial Services, Inc. 12,401 198,416 * Anchor Bancorp, Inc. 399 10,125 Argo Group International Holdings, Ltd. 5,799 347,650 Arrow Financial Corp. 2,544 82,934 Aspen Insurance Holdings, Ltd. 13,029 635,815 Associated Banc-Corp 41,724 999,290 Assurant, Inc. 14,654 1,542,627 Assured Guaranty, Ltd. 30,658 1,379,917 * Asta Funding, Inc. 202 1,480 Astoria Financial Corp. 23,992 484,159 * Atlantic Capital Bancshares, Inc. 1,310 25,283 * Atlas Financial Holdings, Inc. 4,391 67,841 Auburn National Bancorporation, Inc. 44 1,628 Axis Capital Holdings, Ltd. 20,422 1,318,853 Baldwin & Lyons, Inc. Class B 3,484 81,526 Banc of California, Inc. 8,961 184,149 BancFirst Corp. 2,162 230,793 * Bancorp, Inc. (The) 20,411 158,185 BancorpSouth, Inc. 16,088 483,444 Bank Mutual Corp. 10,610 105,570 Bank of Commerce Holdings 2,233 23,112 Bank of Marin Bancorp 784 52,254 BankFinancial Corp. 4,311 64,579 BankUnited, Inc. 5,824 200,462 Banner Corp. 8,924 515,539 Bar Harbor Bankshares 503 14,029 BCB Bancorp, Inc. 994 14,910 Bear State Financial, Inc. 622 5,772 Beneficial Bancorp, Inc. 18,928 295,277 Berkshire Hills Bancorp, Inc. 8,850 328,777 Blue Hills Bancorp, Inc. 8,146 154,367 BOK Financial Corp. 6,255 532,113 Boston Private Financial Holdings, Inc. 17,233 264,527 Bridge Bancorp, Inc. 2,576 83,720 Brookline Bancorp, Inc. 16,614 246,718 Bryn Mawr Bank Corp. 4,302 182,620 * BSB Bancorp, Inc. 388 11,465 C&F Financial Corp. 179 8,914 California First National Bancorp 1,000 16,650 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Camden National Corp. 4,142 $173,964 Capital Bank Financial Corp. Class A 5,511 209,418 Capital City Bank Group, Inc. 4,260 90,994 Capitol Federal Financial, Inc. 32,297 460,555 CenterState Banks, Inc. 3,368 84,166 Central Pacific Financial Corp. 6,301 194,890 Central Valley Community Bancorp 1,886 41,454 Century Bancorp, Inc. Class A 368 24,546 Charter Financial Corp. 1,777 31,950 Chemical Financial Corp. 13,733 661,793 Chemung Financial Corp. 665 26,933 CIT Group, Inc. 6,200 295,430 Citizens & Northern Corp. 1,038 23,957 Citizens Community Bancorp, Inc. 2,054 28,653 Citizens Holding Co. 171 4,215 City Holding Co. 2,188 143,598 # Civista Bancshares, Inc. 1,249 25,542 Clifton Bancorp, Inc. 6,789 113,308 CNB Financial Corp. 1,934 50,980 CNO Financial Group, Inc. 28,026 641,235 Codorus Valley Bancorp, Inc. 933 26,087 Columbia Banking System, Inc. 11,315 450,790 # Community Bank System, Inc. 9,041 496,351 * Community Bankers Trust Corp. 2,739 23,555 Community Trust Bancorp, Inc. 3,209 138,629 ConnectOne Bancorp, Inc. 8,859 199,327 * Consumer Portfolio Services, Inc. 5,621 23,102 #* Cowen, Inc. 4,311 68,976 * CU Bancorp 1,456 53,726 * Customers Bancorp, Inc. 5,217 155,727 Dime Community Bancshares, Inc. 10,533 219,086 DNB Financial Corp. 372 12,815 Donegal Group, Inc. Class A 7,034 106,073 Donegal Group, Inc. Class B 592 9,206 EMC Insurance Group, Inc. 5,269 145,951 Employers Holdings, Inc. 9,698 420,408 #* Encore Capital Group, Inc. 3,776 151,418 * Enova International, Inc. 7,862 113,999 * Enstar Group, Ltd. 2,646 536,080 #* Entegra Financial Corp. 866 20,005 Enterprise Bancorp, Inc. 353 11,928 Enterprise Financial Services Corp. 3,802 150,369 ESSA Bancorp, Inc. 1,308 19,293 * Ezcorp, Inc. Class A 18,858 147,092 Fairfax Financial Holdings, Ltd. 601 286,227 Farmers Capital Bank Corp. 1,942 72,922 Farmers National Banc Corp. 5,114 70,318 FBL Financial Group, Inc. Class A 4,662 316,550 * FCB Financial Holdings, Inc. Class A 5,758 271,490 Federal Agricultural Mortgage Corp. Class C 1,100 75,416 Federated National Holding Co. 5,094 81,096 # Fidelity & Guaranty Life 3,407 106,128 Fidelity Southern Corp. 6,539 137,711 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Financials -- (Continued) Financial Institutions, Inc. 3,518 $103,429 * First Acceptance Corp. 5,500 4,950 First American Financial Corp. 19,968 966,651 * First BanCorp(318672706) 54,205 317,641 First Bancorp(318910106) 5,387 168,613 First Bancorp, Inc. 1,809 48,734 # First Bank 1,860 23,901 First Busey Corp. 3,079 90,030 First Business Financial Services, Inc. 600 12,756 First Citizens BancShares, Inc. Class A 2,236 822,893 First Commonwealth Financial Corp. 23,663 308,329 First Community Bancshares, Inc. 5,263 143,259 First Connecticut Bancorp, Inc. 2,886 73,882 First Defiance Financial Corp. 2,005 103,759 First Financial Bancorp 12,228 313,037 First Financial Corp. 1,400 64,470 First Financial Northwest, Inc. 2,949 48,393 * First Foundation, Inc. 3,016 52,297 First Interstate Bancsystem, Inc. Class A 8,004 292,546 First Merchants Corp. 9,652 390,327 First Mid-Illinois Bancshares, Inc. 395 14,453 First Midwest Bancorp, Inc. 18,668 414,616 * First Northwest Bancorp 1,905 29,051 First of Long Island Corp. (The) 1,596 44,608 First South Bancorp, Inc. 720 12,391 FirstCash, Inc. 3,202 186,196 * Flagstar Bancorp, Inc. 14,114 459,552 Flushing Financial Corp. 6,308 179,967 FNB Corp. 50,451 691,179 * FNFV Group 16,608 286,488 #* Franklin Financial Network, Inc. 1,068 36,899 FS Bancorp, Inc. 299 13,560 Fulton Financial Corp. 40,641 741,698 Gain Capital Holdings, Inc. 17,960 120,512 * Genworth Financial, Inc. Class A 77,912 267,238 German American Bancorp, Inc. 481 17,234 * Global Indemnity, Ltd. 2,511 97,326 Great Southern Bancorp, Inc. 3,414 177,357 Great Western Bancorp, Inc. 12,578 490,668 * Green Bancorp, Inc. 8,650 194,192 * Green Dot Corp. Class A 9,828 395,479 * Greenlight Capital Re, Ltd. Class A 9,416 201,502 Guaranty Bancorp 3,101 82,642 Guaranty Federal Bancshares, Inc. 100 2,150 * Hallmark Financial Services, Inc. 5,065 56,981 Hancock Holding Co. 20,809 957,214 Hanmi Financial Corp. 6,076 174,077 Hanover Insurance Group, Inc. (The) 10,453 991,572 HCI Group, Inc. 3,566 160,791 Heartland Financial USA, Inc. 4,608 217,037 Heritage Commerce Corp. 8,968 124,566 Heritage Financial Corp. 8,641 235,035 # Heritage Insurance Holdings, Inc. 8,054 101,561 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Hilltop Holdings, Inc. 21,057 $ 527,057 * HMN Financial, Inc. 750 13,500 Home Bancorp, Inc. 724 29,336 * HomeStreet, Inc. 6,669 175,061 * HomeTrust Bancshares, Inc. 4,946 119,446 Hope Bancorp, Inc. 36,109 636,602 HopFed Bancorp, Inc. 683 9,958 Horace Mann Educators Corp. 5,699 210,293 Horizon Bancorp 5,596 147,567 * Howard Bancorp, Inc. 700 13,755 Iberiabank Corp. 10,447 844,640 Independence Holding Co. 4,791 106,360 Independent Bank Corp.(453836108) 4,115 293,605 Independent Bank Corp.(453838609) 3,881 82,277 Independent Bank Group, Inc. 2,270 136,994 Infinity Property & Casualty Corp. 2,098 209,905 International Bancshares Corp. 19,438 688,105 * INTL. FCStone, Inc. 3,667 143,490 Investment Technology Group, Inc. 8,110 178,988 # Investors Bancorp, Inc. 75,714 1,005,482 Investors Title Co. 125 22,065 James River Group Holdings, Ltd. 4,243 170,399 * Janus Henderson Group P.L.C. 3,634 121,703 Kearny Financial Corp. 22,071 322,237 Kemper Corp. 13,671 536,587 Kentucky First Federal Bancorp 120 1,176 Kingstone Cos., Inc. 314 5,181 * Ladenburg Thalmann Financial Services, Inc. 1,072 2,444 Lakeland Bancorp, Inc. 8,519 164,843 Landmark Bancorp, Inc. 196 5,811 LCNB Corp. 950 19,048 LegacyTexas Financial Group, Inc. 9,427 365,013 # Legg Mason, Inc. 22,003 880,340 Macatawa Bank Corp. 6,205 59,878 Mackinac Financial Corp. 1,448 21,054 Maiden Holdings, Ltd. 25,102 278,632 MainSource Financial Group, Inc. 5,846 204,259 * Malvern Bancorp, Inc. 496 12,301 Marlin Business Services Corp. 3,590 93,340 MB Financial, Inc. 19,445 795,300 * MBIA, Inc. 33,114 336,769 MBT Financial Corp. 6,681 64,138 Mercantile Bank Corp. 3,478 110,670 Meridian Bancorp, Inc. 11,551 203,875 Meta Financial Group, Inc. 2,013 143,527 * MGIC Investment Corp. 1,576 18,392 Midland States Bancorp, Inc. 313 9,941 MidSouth Bancorp, Inc. 2,318 26,078 MidWestOne Financial Group, Inc. 1,369 47,121 MutualFirst Financial, Inc. 414 14,449 National Bank Holdings Corp. Class A 7,014 239,388 * National Commerce Corp. 965 38,697 National General Holdings Corp. 13,543 287,247 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) National Western Life Group, Inc. Class A 759 $ 255,472 * Nationstar Mortgage Holdings, Inc. 20,495 365,426 Navient Corp. 71,362 1,052,589 Navigators Group, Inc. (The) 6,932 395,124 NBT Bancorp, Inc. 8,450 305,383 Nelnet, Inc. Class A 8,117 398,464 # New York Community Bancorp, Inc. 71,722 941,710 NewStar Financial, Inc. 12,126 132,658 * Nicholas Financial, Inc. 1,554 13,675 * NMI Holdings, Inc. Class A 21,820 257,476 Northeast Bancorp 1,166 25,069 Northfield Bancorp, Inc. 11,826 198,559 Northrim BanCorp, Inc. 1,773 51,683 Northwest Bancshares, Inc. 30,453 490,293 # Norwood Financial Corp. 44 1,885 OceanFirst Financial Corp. 3,249 87,983 #* Ocwen Financial Corp. 15,331 44,000 OFG Bancorp 15,064 151,393 # Ohio Valley Banc Corp. 197 6,668 Old Line Bancshares, Inc. 1,600 43,328 Old National Bancorp 39,933 650,908 Old Republic International Corp. 57,000 1,118,340 Old Second Bancorp, Inc. 3,622 42,921 * On Deck Capital, Inc. 8,029 34,525 OneBeacon Insurance Group, Ltd. Class A 5,874 107,612 #* OneMain Holdings, Inc. 1,760 47,062 Oppenheimer Holdings, Inc. Class A 4,895 77,096 Opus Bank 6,415 152,677 Oritani Financial Corp. 11,869 197,025 Orrstown Financial Services, Inc. 570 14,250 Pacific Continental Corp. 7,079 179,807 * Pacific Premier Bancorp, Inc. 846 30,371 PacWest Bancorp 26,839 1,288,809 Park Sterling Corp. 13,511 156,998 Parke Bancorp, Inc. 640 12,928 Patriot National Bancorp, Inc. 60 978 Peapack Gladstone Financial Corp. 2,765 86,462 Penns Woods Bancorp, Inc. 225 9,641 # People's United Financial, Inc. 81,193 1,416,006 People's Utah Bancorp 1,308 36,362 Peoples Bancorp, Inc. 6,526 212,748 * PHH Corp. 19,603 270,129 Pinnacle Financial Partners, Inc. 4,297 274,578 Piper Jaffray Cos. 1,891 117,998 Popular, Inc. 24,047 1,013,341 #* PRA Group, Inc. 6,056 237,395 Premier Financial Bancorp, Inc. 1,481 28,139 Prosperity Bancshares, Inc. 15,628 1,001,755 Provident Financial Holdings, Inc. 3,183 60,477 Provident Financial Services, Inc. 15,607 413,898 Prudential Bancorp, Inc. 1,535 26,356 QCR Holdings, Inc. 1,636 75,174 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) Radian Group, Inc. 39,764 $ 692,689 * Regional Management Corp. 2,461 59,039 Reinsurance Group of America, Inc. 7,812 1,095,242 RenaissanceRe Holdings, Ltd. 9,693 1,423,999 Renasant Corp. 11,105 470,741 Republic Bancorp, Inc. Class A 2,681 96,248 Riverview Bancorp, Inc. 6,235 47,324 * Royal Bancshares of Pennsylvania, Inc. Class A 2,555 10,961 S&T Bancorp, Inc. 8,236 311,980 * Safeguard Scientifics, Inc. 5,960 70,924 Safety Insurance Group, Inc. 3,256 231,013 Sandy Spring Bancorp, Inc. 5,167 206,887 * Santander Consumer USA Holdings, Inc. 62,361 798,844 * Seacoast Banking Corp. of Florida 7,866 183,828 # Selective Insurance Group, Inc. 10,000 506,500 Shore Bancshares, Inc. 3,076 51,954 SI Financial Group, Inc. 2,784 43,013 Sierra Bancorp 3,011 82,501 Simmons First National Corp. Class A 6,001 327,355 * SmartFinancial, Inc. 598 14,992 South State Corp. 4,319 361,716 * Southern First Bancshares, Inc. 266 9,802 Southern Missouri Bancorp, Inc. 320 10,371 Southern National Bancorp of Virginia, Inc. 653 11,049 Southside Bancshares, Inc. 3,410 118,429 Southwest Bancorp, Inc. 4,639 121,078 Southwest Georgia Financial Corp. 98 1,931 State Auto Financial Corp. 10,309 265,869 State Bank Financial Corp. 6,607 181,362 State National Cos., Inc. 1,626 33,951 Stewart Information Services Corp. 4,841 190,251 * Stifel Financial Corp. 11,602 589,962 Stonegate Bank 3,621 168,558 Sun Bancorp, Inc. 2,758 67,157 TCF Financial Corp. 33,961 535,225 Territorial Bancorp, Inc. 2,366 71,288 * Third Point Reinsurance, Ltd. 22,738 330,838 Timberland Bancorp, Inc. 400 10,784 Tiptree, Inc. 7,900 54,115 Towne Bank 10,053 314,659 Trico Bancshares 4,901 180,847 * TriState Capital Holdings, Inc. 4,133 95,059 * Triumph Bancorp, Inc. 1,268 36,011 TrustCo Bank Corp. NY 18,233 151,334 Trustmark Corp. 19,644 627,822 UMB Financial Corp. 739 51,479 Umpqua Holdings Corp. 54,549 1,011,338 * Unico American Corp. 1,400 13,020 Union Bankshares Corp. 11,389 351,806 United Bankshares, Inc. 15,786 544,617 United Community Banks, Inc. 14,166 393,248 United Community Financial Corp. 12,743 117,236 United Financial Bancorp, Inc. 13,091 236,816 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Financials -- (Continued) United Fire Group, Inc. 6,646 $ 299,868 Unity Bancorp, Inc. 653 12,081 Univest Corp. of Pennsylvania 5,246 160,003 Validus Holdings, Ltd. 17,385 935,139 Valley National Bancorp 52,055 618,413 * Veritex Holdings, Inc. 1,542 41,094 # Virtus Investment Partners, Inc. 558 65,732 Voya Financial, Inc. 2,574 101,004 # Waddell & Reed Financial, Inc. Class A 2,785 57,566 * Walker & Dunlop, Inc. 5,841 293,510 Washington Federal, Inc. 14,958 500,345 Washington Trust Bancorp, Inc. 2,303 125,398 WashingtonFirst Bankshares, Inc. 525 17,976 Waterstone Financial, Inc. 6,928 130,593 WesBanco, Inc. 10,937 418,122 West Bancorporation, Inc. 281 6,463 Western New England Bancorp, Inc. 5,649 56,208 White Mountains Insurance Group, Ltd. 980 847,308 Wintrust Financial Corp. 10,469 788,420 * World Acceptance Corp. 1,618 122,272 WR Berkley Corp. 188 12,966 WSFS Financial Corp. 5,194 234,509 * Xenith Bankshares, Inc. 6,801 191,652 ----------- Total Financials 79,941,752 ----------- Health Care -- (5.4%) #* Acadia Healthcare Co., Inc. 15,945 843,969 Aceto Corp. 6,968 117,620 * Achillion Pharmaceuticals, Inc. 16,615 68,122 * Acorda Therapeutics, Inc. 15,529 336,203 * Addus HomeCare Corp. 6,024 204,515 * Adverum Biotechnologies, Inc. 4,151 10,585 * Allscripts Healthcare Solutions, Inc. 51,674 636,107 * Almost Family, Inc. 7,459 368,848 * AMAG Pharmaceuticals, Inc. 953 18,726 * American Shared Hospital Services 400 1,500 * Amphastar Pharmaceuticals, Inc. 12,653 218,644 Analogic Corp. 2,683 188,347 * AngioDynamics, Inc. 12,603 204,799 * ANI Pharmaceuticals, Inc. 1,164 56,722 * Anika Therapeutics, Inc. 2,604 133,221 * Applied Genetic Technologies Corp. 4,817 22,881 #* Aptevo Therapeutics, Inc. 3,731 6,865 * Ardelyx, Inc. 3,800 19,760 #* Brookdale Senior Living, Inc. 35,050 497,710 * Cascadian Therapeutics, Inc. 4,630 18,937 * Celldex Therapeutics, Inc. 5,149 11,791 * Cempra, Inc. 6,444 25,776 * Chimerix, Inc. 16,157 80,300 * Community Health Systems, Inc. 18,612 133,076 * Concert Pharmaceuticals, Inc. 1,036 14,949 CONMED Corp. 6,019 308,895 * Cross Country Healthcare, Inc. 6,772 79,639 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Health Care -- (Continued) * CryoLife, Inc. 8,744 $ 163,950 #* Cumberland Pharmaceuticals, Inc. 3,402 22,861 #* Depomed, Inc. 8,045 82,944 Digirad Corp. 7,000 28,700 * Emergent BioSolutions, Inc. 8,915 324,239 * Endo International P.L.C. 46,193 509,047 Ensign Group, Inc. (The) 10,164 227,369 * Envision Healthcare Corp. 20,098 1,134,130 #* Esperion Therapeutics, Inc. 4,214 190,852 * Exactech, Inc. 3,062 89,257 * Five Star Senior Living, Inc. 3,016 4,826 * FONAR Corp. 1,830 47,031 * Haemonetics Corp. 9,618 395,588 * Halyard Health, Inc. 15,387 618,865 * Harvard Bioscience, Inc. 8,680 24,304 * HealthStream, Inc. 3,795 89,638 * HMS Holdings Corp. 15,665 314,553 * Horizon Pharma P.L.C. 26,455 316,931 * Impax Laboratories, Inc. 2,601 50,329 * Infinity Pharmaceuticals, Inc. 4,070 5,820 * InfuSystem Holdings, Inc. 2,347 4,342 * Integer Holdings Corp. 8,618 394,704 #* Intra-Cellular Therapies, Inc. 11,536 133,472 # Invacare Corp. 11,626 181,947 Kewaunee Scientific Corp. 637 16,116 * Kindred Biosciences, Inc. 7,326 53,480 Kindred Healthcare, Inc. 26,284 235,242 * LHC Group, Inc. 3,928 227,431 * LifePoint Health, Inc. 8,598 510,721 * LivaNova P.L.C. 6,070 369,906 Luminex Corp. 8,320 169,978 * Magellan Health, Inc. 4,731 352,696 * Mallinckrodt P.L.C. 18,449 844,964 #* MEDNAX, Inc. 5,836 274,175 * Merit Medical Systems, Inc. 9,607 393,887 * Micron Solutions, Inc. 291 1,152 #* Mirati Therapeutics, Inc. 2,576 12,880 #* Molina Healthcare, Inc. 12,822 856,510 #* Myriad Genetics, Inc. 3,346 81,207 National HealthCare Corp. 2,014 131,252 * Natus Medical, Inc. 4,541 159,843 * Neurotrope, Inc. 2,200 10,208 #* NewLink Genetics Corp. 3,388 24,461 * Nuvectra Corp. 5,379 62,719 #* Opko Health, Inc. 1,700 10,965 * OraSure Technologies, Inc. 16,805 294,760 * Orthofix International NV 2,865 124,284 # Owens & Minor, Inc. 13,325 429,465 # PDL BioPharma, Inc. 32,650 74,115 * PharMerica Corp. 7,632 191,945 * Prestige Brands Holdings, Inc. 3,572 191,566 * Providence Service Corp. (The) 2,891 149,002 * Quorum Health Corp. 11,065 37,732 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) * RTI Surgical, Inc. 12,022 $ 68,525 * SciClone Pharmaceuticals, Inc. 8,478 92,834 * SeaSpine Holdings Corp. 2,563 28,911 * Select Medical Holdings Corp. 26,235 425,007 * Spectrum Pharmaceuticals, Inc. 11,345 84,634 #* Taro Pharmaceutical Industries, Ltd. 1,955 223,515 * Tetraphase Pharmaceuticals, Inc. 6,430 42,052 * Tivity Health, Inc. 565 22,402 * Triple-S Management Corp. Class B 4,208 65,140 * United Therapeutics Corp. 4,622 593,465 * VWR Corp. 13,887 458,271 * WellCare Health Plans, Inc. 161 28,495 * Zafgen, Inc. 8,180 27,648 ----------- Total Health Care 18,437,767 ----------- Industrials -- (18.8%) AAR Corp. 6,561 245,381 ABM Industries, Inc. 14,936 666,444 * Acacia Research Corp. 14,679 50,643 * ACCO Brands Corp. 28,133 327,749 Acme United Corp. 100 2,767 Actuant Corp. Class A 18,862 456,460 * AECOM 68,122 2,173,092 * Aegion Corp. 6,770 162,074 * Aerovironment, Inc. 300 11,337 AGCO Corp. 20,873 1,505,778 # Air Lease Corp. 46,711 1,848,821 * Air Transport Services Group, Inc. 16,999 414,096 Aircastle, Ltd. 20,315 478,215 Alamo Group, Inc. 6,209 577,499 Albany International Corp. Class A 13,801 738,354 * Alpha PRO Tech, Ltd. 3,388 11,689 AMERCO 3,283 1,275,643 * Ameresco, Inc. Class A 5,950 38,973 # American Railcar Industries, Inc. 3,348 123,106 * AMREP Corp. 600 4,128 * ARC Document Solutions, Inc. 15,133 52,360 * ARC Group Worldwide, Inc. 2,464 7,146 ArcBest Corp. 8,910 247,698 * Armstrong Flooring, Inc. 9,365 162,576 * Arotech Corp. 8,575 30,870 Astec Industries, Inc. 5,900 296,593 * Astronics Corp. 5,605 163,946 * Atlas Air Worldwide Holdings, Inc. 6,497 385,922 AZZ, Inc. 11,082 561,857 * Babcock & Wilcox Enterprises, Inc. 14,427 151,484 Barnes Group, Inc. 11,722 705,430 * Beacon Roofing Supply, Inc. 3,910 179,586 * BMC Stock Holdings, Inc. 12,542 275,924 Brady Corp. Class A 8,910 295,812 Briggs & Stratton Corp. 7,571 177,313 * Broadwind Energy, Inc. 2,514 11,112 * CAI International, Inc. 5,765 151,216 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Carlisle Cos., Inc. 1,396 $ 136,236 * CBIZ, Inc. 17,838 264,894 * CDI Corp. 6,280 51,810 CECO Environmental Corp. 6,837 66,045 # Celadon Group, Inc. 8,097 36,841 * Chart Industries, Inc. 11,609 394,706 # Chicago Bridge & Iron Co. NV 8,603 161,220 CIRCOR International, Inc. 3,745 187,475 * Civeo Corp. 6,350 12,256 * Clean Harbors, Inc. 11,053 627,810 * Colfax Corp. 33,031 1,363,520 Columbus McKinnon Corp. 5,038 129,980 * Commercial Vehicle Group, Inc. 7,625 66,948 CompX International, Inc. 200 2,900 Copa Holdings SA Class A 4,518 566,828 Costamare, Inc. 2,970 19,097 * Covenant Transportation Group, Inc. Class A 2,919 54,731 * CPI Aerostructures, Inc. 3,207 30,467 CRA International, Inc. 3,010 116,818 * CSW Industrials, Inc. 2,777 108,442 Cubic Corp. 7,062 336,504 Curtiss-Wright Corp. 3,672 354,054 * DigitalGlobe, Inc. 16,389 571,976 DMC Global, Inc. 1,787 24,839 Douglas Dynamics, Inc. 2,556 81,281 * Ducommun, Inc. 3,539 102,489 * DXP Enterprises, Inc. 1,989 56,866 #* Eagle Bulk Shipping, Inc. 1,924 8,331 Eastern Co. (The) 510 14,841 #* Echo Global Logistics, Inc. 6,865 93,707 Ecology and Environment, Inc. Class A 210 2,625 Encore Wire Corp. 5,068 226,033 EnerSys 4,033 291,465 * Engility Holdings, Inc. 12,069 352,053 Ennis, Inc. 6,015 115,789 ESCO Technologies, Inc. 5,649 348,543 Essendant, Inc. 7,167 89,444 * Esterline Technologies Corp. 7,691 742,182 Federal Signal Corp. 18,356 339,586 Fluor Corp. 797 34,614 Forward Air Corp. 5,341 276,824 * Franklin Covey Co. 3,400 63,410 Franklin Electric Co., Inc. 1,453 58,701 FreightCar America, Inc. 4,774 78,485 * FTI Consulting, Inc. 11,265 369,605 * Fuel Tech, Inc. 1,990 1,731 GATX Corp. 8,248 509,974 #* Genco Shipping & Trading, Ltd. 2,204 22,437 * Gencor Industries, Inc. 1,822 29,243 General Cable Corp. 800 15,440 #* Genesee & Wyoming, Inc. Class A 15,696 1,022,751 * Gibraltar Industries, Inc. 7,121 212,562 * Goldfield Corp. (The) 9,600 48,960 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Gorman-Rupp Co. (The) 10,402 $ 314,348 * GP Strategies Corp. 4,357 124,828 Graham Corp. 1,591 31,836 Granite Construction, Inc. 9,102 446,180 * Great Lakes Dredge & Dock Corp. 18,178 71,803 Greenbrier Cos., Inc. (The) 4,175 187,875 # Griffon Corp. 10,863 222,692 Hardinge, Inc. 3,769 45,605 Heidrick & Struggles International, Inc. 6,255 113,216 * Heritage-Crystal Clean, Inc. 3,150 59,220 #* Hertz Global Holdings, Inc. 12,002 164,067 * Hill International, Inc. 8,440 42,622 Houston Wire & Cable Co. 4,069 23,397 * Hub Group, Inc. Class A 7,263 247,305 Hudson Global, Inc. 1,700 2,278 #* Hudson Technologies, Inc. 2,934 23,736 Hurco Cos., Inc. 1,730 57,004 * Huron Consulting Group, Inc. 4,366 154,993 Hyster-Yale Materials Handling, Inc. 2,438 172,757 * ICF International, Inc. 4,105 185,751 * IES Holdings, Inc. 1,262 21,454 * InnerWorkings, Inc. 22,744 268,152 Insteel Industries, Inc. 3,049 80,250 ITT, Inc. 16,350 670,350 Jacobs Engineering Group, Inc. 32,915 1,735,279 * JetBlue Airways Corp. 84,042 1,843,041 Kadant, Inc. 1,982 154,695 Kaman Corp. 5,844 298,745 # KBR, Inc. 29,307 437,260 Kelly Services, Inc. Class A 9,154 203,860 Kennametal, Inc. 3,282 121,106 * Key Technology, Inc. 987 14,114 * KEYW Holding Corp. (The) 7,521 66,410 #* Kirby Corp. 14,913 908,202 * KLX, Inc. 17,210 893,543 Korn/Ferry International 13,257 443,447 * Lawson Products, Inc. 1,607 37,041 * Layne Christensen Co. 4,456 47,189 LB Foster Co. Class A 3,630 63,888 LS Starrett Co. (The) Class A 489 3,912 LSC Communications, Inc. 530 11,331 LSI Industries, Inc. 5,575 46,663 * Lydall, Inc. 751 37,175 Macquarie Infrastructure Corp. 170 12,888 * Manitex International, Inc. 195 1,379 * Manitowoc Co., Inc. (The) 54,581 311,658 ManpowerGroup, Inc. 13,625 1,459,919 Marten Transport, Ltd. 14,216 226,745 * MasTec, Inc. 16,494 762,023 Matson, Inc. 5,476 154,423 Matthews International Corp. Class A 3,692 242,011 McGrath RentCorp 5,173 183,797 * Mercury Systems, Inc. 8,735 383,554 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Miller Industries, Inc. 2,674 $ 69,791 * Mistras Group, Inc. 5,968 120,255 Mobile Mini, Inc. 8,725 268,730 * Moog, Inc. Class A 6,808 505,971 * MRC Global, Inc. 5,020 82,027 * MYR Group, Inc. 3,242 103,128 National Presto Industries, Inc. 585 66,164 * Navigant Consulting, Inc. 12,572 212,844 NN, Inc. 9,772 270,684 * Northwest Pipe Co. 4,013 60,636 * NOW, Inc. 24,825 395,462 #* NV5 Global, Inc. 2,059 85,551 * On Assignment, Inc. 11,767 579,525 Orbital ATK, Inc. 1,319 134,775 #* Orion Energy Systems, Inc. 5,713 6,627 * Orion Group Holdings, Inc. 8,609 60,435 Owens Corning 30,111 2,018,943 * PAM Transportation Services, Inc. 1,458 25,559 Park-Ohio Holdings Corp. 2,900 115,275 * Patriot Transportation Holding, Inc. 178 3,561 * Perma-Pipe International Holdings, Inc. 1,500 11,850 Powell Industries, Inc. 4,041 128,706 Preformed Line Products Co. 1,034 50,376 Primoris Services Corp. 10,932 272,425 Quad/Graphics, Inc. 2,231 50,108 Quanex Building Products Corp. 10,042 215,903 * Quanta Services, Inc. 38,352 1,293,613 * Radiant Logistics, Inc. 12,254 53,060 Raven Industries, Inc. 4,514 155,282 * RBC Bearings, Inc. 303 31,312 * RCM Technologies, Inc. 4,177 22,222 Regal Beloit Corp. 10,781 898,596 Resources Connection, Inc. 10,756 143,593 * Revolution Lighting Technologies, Inc. 1,826 13,494 * Roadrunner Transportation Systems, Inc. 13,310 92,904 * RPX Corp. 17,489 239,075 * Rush Enterprises, Inc. Class A 5,805 250,370 * Rush Enterprises, Inc. Class B 1,650 67,122 Ryder System, Inc. 11,573 842,051 * Saia, Inc. 4,947 268,869 * SIFCO Industries, Inc. 659 4,415 Simpson Manufacturing Co., Inc. 10,283 455,434 SkyWest, Inc. 13,482 492,093 * SP Plus Corp. 4,752 155,390 * Sparton Corp. 2,441 56,289 Spartan Motors, Inc. 9,015 79,783 * Spirit Airlines, Inc. 13,831 537,334 * SPX FLOW, Inc. 4,725 167,549 Steelcase, Inc. Class A 17,798 242,943 * Sterling Construction Co., Inc. 6,799 86,891 Supreme Industries, Inc. Class A 4,975 74,824 #* Team, Inc. 5,131 73,630 * Teledyne Technologies, Inc. 4,327 589,943 Terex Corp. 21,994 865,904 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) Tetra Tech, Inc. 13,163 $ 624,584 Textainer Group Holdings, Ltd. 7,196 116,575 * Thermon Group Holdings, Inc. 8,245 147,338 Titan International, Inc. 16,208 206,652 * Titan Machinery, Inc. 7,344 131,090 * TriMas Corp. 8,811 214,548 Trinity Industries, Inc. 46,408 1,272,043 Triton International, Ltd. 13,391 482,879 # Triumph Group, Inc. 10,610 271,616 * TrueBlue, Inc. 9,453 241,524 * Tutor Perini Corp. 12,998 345,747 * Twin Disc, Inc. 2,022 34,212 * Ultralife Corp. 969 6,686 UniFirst Corp. 2,836 403,421 Universal Forest Products, Inc. 4,394 368,437 * USA Truck, Inc. 1,857 17,196 #* USG Corp. 14,491 391,837 * Vectrus, Inc. 1,937 65,877 * Veritiv Corp. 3,347 124,341 * Versar, Inc. 700 819 Viad Corp. 4,624 247,615 * Virco Manufacturing Corp. 4,400 23,980 VSE Corp. 1,686 87,419 # Wabash National Corp. 14,256 272,004 Watts Water Technologies, Inc. Class A 3,468 223,339 Werner Enterprises, Inc. 16,559 490,974 * Wesco Aircraft Holdings, Inc. 25,443 276,057 * WESCO International, Inc. 13,228 677,935 * Willis Lease Finance Corp. 2,293 57,967 #* XPO Logistics, Inc. 22,429 1,348,207 ----------- Total Industrials 64,444,695 ----------- Information Technology -- (11.8%) * Actua Corp. 16,954 228,879 * Acxiom Corp. 32,684 881,487 * ADDvantage Technologies Group, Inc. 1,399 2,126 ADTRAN, Inc. 26,770 627,756 * Agilysys, Inc. 6,504 65,430 * Alpha & Omega Semiconductor, Ltd. 5,883 104,129 * Amkor Technology, Inc. 63,926 662,913 * Amtech Systems, Inc. 1,501 13,254 * Anixter International, Inc. 7,650 602,437 #* Applied Optoelectronics, Inc. 1,934 188,546 * ARRIS International P.L.C. 33,561 938,366 * Arrow Electronics, Inc. 32,586 2,648,916 AstroNova, Inc. 1,475 20,355 * Aviat Networks, Inc. 1,600 30,096 Avnet, Inc. 44,699 1,715,548 AVX Corp. 29,446 526,200 * Aware, Inc. 4,272 19,651 * Axcelis Technologies, Inc. 8,620 191,364 * AXT, Inc. 12,387 108,386 * Bankrate, Inc. 19,350 268,965 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ -------- Information Technology -- (Continued) Bel Fuse, Inc. Class B 3,659 $ 92,390 Belden, Inc. 3,029 217,906 * Benchmark Electronics, Inc. 9,349 314,594 Black Box Corp. 6,583 52,006 * Blackhawk Network Holdings, Inc. 9,875 431,044 * Blucora, Inc. 14,134 316,602 #* BroadVision, Inc. 1,325 5,499 Brocade Communications Systems, Inc. 75,774 957,026 Brooks Automation, Inc. 15,210 373,558 * BSQUARE Corp. 2,065 11,771 * CACI International, Inc. Class A 5,263 658,401 * Calix, Inc. 17,253 118,183 #* Cars.com, Inc. 14,200 345,060 * Clearfield, Inc. 1,200 13,800 * Coherent, Inc. 3,049 807,985 Cohu, Inc. 8,677 158,095 Communications Systems, Inc. 2,300 9,890 Computer Task Group, Inc. 2,470 13,634 Comtech Telecommunications Corp. 7,920 142,560 * Control4 Corp. 3,861 88,224 Convergys Corp. 17,490 419,235 * Cray, Inc. 7,976 164,306 * Cree, Inc. 27,514 712,888 CSP, Inc. 66 677 CTS Corp. 8,123 178,706 * CyberOptics Corp. 885 14,603 Daktronics, Inc. 12,960 126,749 * DHI Group, Inc. 19,403 42,687 * Digi International, Inc. 9,527 99,557 * Diodes, Inc. 12,034 319,262 * DSP Group, Inc. 3,572 45,007 * EchoStar Corp. Class A 12,908 783,903 * Edgewater Technology, Inc. 3,967 28,126 * Electro Scientific Industries, Inc. 12,244 105,911 * Electronics for Imaging, Inc. 10,573 513,636 Emcore Corp. 3,590 41,644 * EnerNOC, Inc. 9,209 70,449 * Entegris, Inc. 18,555 484,285 * ePlus, Inc. 3,040 245,936 * Everi Holdings, Inc. 7,959 59,374 * Evolving Systems, Inc. 2,454 12,025 * ExlService Holdings, Inc. 847 48,745 * Fabrinet 7,685 345,902 * FARO Technologies, Inc. 4,010 158,395 * Finisar Corp. 3,906 106,321 #* First Solar, Inc. 11,563 570,172 #* Fitbit, Inc. Class A 22,886 118,092 * FormFactor, Inc. 14,214 186,203 * Frequency Electronics, Inc. 2,659 22,867 * GSI Technology, Inc. 4,816 34,964 #* Harmonic, Inc. 38,898 159,482 * II-VI, Inc. 13,153 501,129 #* Infinera Corp. 24,934 292,476 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) * Insight Enterprises, Inc. 8,734 $ 353,902 #* Internap Corp. 10,026 38,099 * inTEST Corp. 1,610 14,007 * Intevac, Inc. 5,464 62,016 * IntriCon Corp. 700 5,250 IXYS Corp. 11,153 194,062 Jabil, Inc. 41,431 1,263,645 * Kemet Corp. 5,338 89,945 * Key Tronic Corp. 2,718 19,760 * Kimball Electronics, Inc. 9,720 189,054 #* Knowles Corp. 24,185 366,403 * Kulicke & Soffa Industries, Inc. 11,177 240,753 * KVH Industries, Inc. 3,206 34,945 * Leaf Group, Ltd. 1,123 8,479 * Lightpath Technologies, Inc. Class A 1,873 4,832 * Limelight Networks, Inc. 16,088 55,021 * Liquidity Services, Inc. 6,518 44,322 ManTech International Corp. Class A 6,874 273,035 * Marchex, Inc. Class B 9,439 27,373 Marvell Technology Group, Ltd. 7,092 110,352 #* Meet Group, Inc.(The) 25,341 127,212 Methode Electronics, Inc. 1,162 46,189 * Microsemi Corp. 1,348 70,204 MKS Instruments, Inc. 2,241 187,460 * ModusLink Global Solutions, Inc. 11,199 18,814 Monotype Imaging Holdings, Inc. 5,184 97,718 # MTS Systems Corp. 2,359 124,319 * Nanometrics, Inc. 5,858 156,116 * Napco Security Technologies, Inc. 1,772 16,214 * NCI, Inc. Class A 1,009 20,130 #* NeoPhotonics Corp. 13,287 107,226 * NETGEAR, Inc. 7,554 361,837 #* Netscout Systems, Inc. 16,089 555,070 Network-1 Technologies, Inc. 3,000 12,900 #* NeuStar, Inc. Class A 392 13,093 * Novanta, Inc. 5,348 197,341 * ON Semiconductor Corp. 58,907 880,660 * Optical Cable Corp. 1,600 3,600 #* OSI Systems, Inc. 4,362 348,829 * PAR Technology Corp. 4,662 41,772 Park Electrochemical Corp. 6,663 125,198 PC Connection, Inc. 6,242 161,044 PC-Tel, Inc. 4,282 30,445 * PCM, Inc. 3,084 38,165 #* PDF Solutions, Inc. 3,423 54,939 * Perficient, Inc. 9,552 179,578 * Photronics, Inc. 18,041 181,312 * Plexus Corp. 7,190 385,456 * PRGX Global, Inc. 2,300 14,375 * QuinStreet, Inc. 3,508 13,646 * Radisys Corp. 8,698 21,223 * Rambus, Inc. 22,083 284,650 * RealNetworks, Inc. 5,224 22,724 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Information Technology -- (Continued) Reis, Inc. 1,044 $ 22,342 # RF Industries, Ltd. 681 1,260 Richardson Electronics, Ltd. 3,224 18,893 * Rogers Corp. 4,113 485,211 * Rubicon Project, Inc. (The) 13,046 61,316 * Rudolph Technologies, Inc. 8,606 212,998 * Sanmina Corp. 20,163 722,844 * ScanSource, Inc. 6,350 251,460 * Seachange International, Inc. 7,472 21,220 * ShoreTel, Inc. 15,837 117,986 * Sigma Designs, Inc. 10,655 69,257 * SMTC Corp. 1,377 1,680 * SolarEdge Technologies, Inc. 2,454 56,319 * Sonus Networks, Inc. 14,178 96,836 * StarTek, Inc. 3,000 36,900 * Stratasys, Ltd. 4,752 114,000 * Super Micro Computer, Inc. 11,719 314,655 * Sykes Enterprises, Inc. 10,441 354,994 #* Synaptics, Inc. 4,607 242,374 * Synchronoss Technologies, Inc. 8,428 142,265 SYNNEX Corp. 7,365 875,846 Systemax, Inc. 4,576 82,917 * Tech Data Corp. 7,620 780,288 * TechTarget, Inc. 8,427 80,815 * Telenav, Inc. 2,378 17,835 Tessco Technologies, Inc. 1,784 23,816 TiVo Corp. 35,879 703,228 * Tremor Video, Inc. 780 1,630 * TTM Technologies, Inc. 26,524 460,987 * Ultra Clean Holdings, Inc. 11,967 280,626 * VASCO Data Security International, Inc. 5,044 68,094 * Veeco Instruments, Inc. 7,589 233,741 #* VeriFone Systems, Inc. 19,161 373,831 * Verint Systems, Inc. 11,167 442,772 * Virtusa Corp. 5,748 190,546 # Vishay Intertechnology, Inc. 36,768 656,309 * Vishay Precision Group, Inc. 2,563 44,852 * Xcerra Corp. 19,154 185,985 Xerox Corp. 34,944 1,071,732 * XO Group, Inc. 4,411 80,633 Xperi Corp. 2,655 77,659 YuMe, Inc. 6,210 26,951 ----------- Total Information Technology 40,387,363 ----------- Materials -- (4.6%) A Schulman, Inc. 4,873 128,160 #* AgroFresh Solutions, Inc. 8,611 67,166 Alcoa Corp. 2,204 80,226 # Allegheny Technologies, Inc. 17,235 326,431 American Vanguard Corp. 7,318 129,529 Ampco-Pittsburgh Corp. 2,829 40,879 Ashland Global Holdings, Inc. 807 52,431 * Boise Cascade Co. 9,960 302,286 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Materials -- (Continued) Cabot Corp. 5,434 $ 295,229 Calgon Carbon Corp. 10,080 161,280 # Carpenter Technology Corp. 13,131 530,886 # CF Industries Holdings, Inc. 29,745 873,016 * Clearwater Paper Corp. 3,897 191,538 * Coeur Mining, Inc. 27,538 228,015 Commercial Metals Co. 21,100 392,460 * Core Molding Technologies, Inc. 2,490 47,484 Domtar Corp. 15,067 588,517 Ferroglobe P.L.C. 20,703 264,584 Friedman Industries, Inc. 1,905 10,325 FutureFuel Corp. 14,713 214,221 Gold Resource Corp. 4,795 20,331 Greif, Inc. Class A 5,373 301,372 Greif, Inc. Class B 400 23,960 * Handy & Harman, Ltd. 538 17,808 Hawkins, Inc. 2,037 91,563 Haynes International, Inc. 3,948 123,493 HB Fuller Co. 11,074 570,532 Hecla Mining Co. 130,656 706,849 Huntsman Corp. 30,630 815,371 Innophos Holdings, Inc. 4,390 183,370 Innospec, Inc. 5,513 344,011 #* Intrepid Potash, Inc. 25,774 78,095 KapStone Paper and Packaging Corp. 22,203 507,561 * Kraton Corp. 6,676 248,347 Kronos Worldwide, Inc. 3,420 72,914 * LSB Industries, Inc. 3,651 25,849 Materion Corp. 6,626 254,770 Mercer International, Inc. 14,124 155,364 Minerals Technologies, Inc. 6,685 473,298 Olin Corp. 26,454 779,864 Olympic Steel, Inc. 3,793 64,822 PH Glatfelter Co. 10,635 217,698 #* Platform Specialty Products Corp. 47,281 662,407 #* Real Industry, Inc. 7,224 21,311 Reliance Steel & Aluminum Co. 21,094 1,526,362 * Resolute Forest Products, Inc. 21,514 100,040 Schnitzer Steel Industries, Inc. Class A 8,293 213,959 Schweitzer-Mauduit International, Inc. 6,213 238,703 Stepan Co. 4,884 401,318 * SunCoke Energy, Inc. 19,275 172,511 * Synalloy Corp. 842 9,515 #* TimkenSteel Corp. 14,881 236,459 * Trecora Resources 3,192 36,868 Tredegar Corp. 6,533 98,648 Tronox, Ltd. Class A 16,562 320,972 * UFP Technologies, Inc. 1,242 35,832 United States Lime & Minerals, Inc. 941 76,428 # United States Steel Corp. 21,590 507,149 VA U.S. TARGETED VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) * Universal Stainless & Alloy Products, Inc. 2,690 $ 51,110 ------------ Total Materials 15,711,497 ------------ Real Estate -- (0.9%) Alexander & Baldwin, Inc. 17,930 751,805 Consolidated-Tomoka Land Co. 650 36,036 * Forestar Group, Inc. 12,877 220,841 * FRP Holdings, Inc. 536 24,736 Jones Lang LaSalle, Inc. 2,689 342,095 Kennedy-Wilson Holdings, Inc. 13,593 273,219 RE/MAX Holdings, Inc. Class A 3,415 198,582 # Realogy Holdings Corp. 27,392 909,414 #* St Joe Co. (The) 9,775 176,439 Stratus Properties, Inc. 650 18,622 * Tejon Ranch Co. 1,111 23,309 ------------ Total Real Estate 2,975,098 ------------ Telecommunication Services -- (0.6%) ATN International, Inc. 3,290 190,820 Consolidated Communications Holdings, Inc. 2,456 44,208 # Frontier Communications Corp. 15,962 244,378 * General Communication, Inc. Class A 115 4,907 * Hawaiian Telcom Holdco, Inc. 670 19,591 IDT Corp. Class B 4,240 62,794 #* Iridium Communications, Inc. 10,366 103,142 * Lumos Networks Corp. 6,305 112,923 * ORBCOMM, Inc. 15,047 174,696 Spok Holdings, Inc. 6,453 105,829 Telephone & Data Systems, Inc. 23,909 679,733 * United States Cellular Corp. 6,363 241,030 # Windstream Holdings, Inc. 21,258 80,568 ------------ Total Telecommunication Services 2,064,619 ------------ Utilities -- (0.8%) * Calpine Corp. 80,250 1,153,995 Consolidated Water Co., Ltd. 2,550 32,895 #* Dynegy, Inc. 30,310 272,184 NRG Energy, Inc. 34,692 854,117 Ormat Technologies, Inc. 8,351 495,214 ------------ Total Utilities 2,808,405 ------------ TOTAL COMMON STOCKS 310,073,088 ------------ TOTAL INVESTMENT SECURITIES 310,073,088 ------------ TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional U.S. Government Money Market Fund, 0.940% 697,286 697,286 ------------ SECURITIES LENDING COLLATERAL -- (9.2%) (S)@ DFA Short Term Investment Fund 2,707,854 31,335,286 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $303,913,488)^^ $342,105,660 ============ VA U.S. TARGETED VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary $ 49,050,395 $ 23,868 -- $ 49,074,263 Consumer Staples 8,310,442 -- -- 8,310,442 Energy 25,917,187 -- -- 25,917,187 Financials 79,941,752 -- -- 79,941,752 Health Care 18,437,767 -- -- 18,437,767 Industrials 64,444,695 -- -- 64,444,695 Information Technology 40,387,363 -- -- 40,387,363 Materials 15,711,497 -- -- 15,711,497 Real Estate 2,975,098 -- -- 2,975,098 Telecommunication Services 2,064,619 -- -- 2,064,619 Utilities 2,808,405 -- -- 2,808,405 Temporary Cash Investments 697,286 -- -- 697,286 Securities Lending Collateral -- 31,335,286 -- 31,335,286 ------------ ----------- -- ------------ TOTAL $310,746,506 $31,359,154 -- $342,105,660 ============ =========== == ============ VA U.S. LARGE VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (97.4%) Consumer Discretionary -- (13.7%) Adient P.L.C. 3,083 $ 201,844 # Autoliv, Inc. 4,097 444,074 #* AutoNation, Inc. 4,491 190,329 # Bed Bath & Beyond, Inc. 5,644 168,756 Best Buy Co., Inc. 22,144 1,291,881 BorgWarner, Inc. 13,970 652,958 Carnival Corp. 17,971 1,200,103 CBS Corp. Class A 200 13,218 * Charter Communications, Inc. Class A 12,347 4,838,913 Comcast Corp. Class A 260,358 10,531,481 #* Discovery Communications, Inc. Class A 10,785 265,311 * Discovery Communications, Inc. Class C 8,378 193,783 * Dollar Tree, Inc. 4,147 298,916 DR Horton, Inc. 37,789 1,348,689 Ford Motor Co. 220,020 2,468,624 # Garmin, Ltd. 6,194 310,877 General Motors Co. 84,568 3,042,757 Gentex Corp. 13,825 235,301 Goodyear Tire & Rubber Co. (The) 21,798 686,855 International Game Technology P.L.C. 4,059 77,283 # Kohl's Corp. 17,433 720,854 Lear Corp. 3,689 546,673 Lennar Corp. Class A 19,982 1,047,856 Lennar Corp. Class B 200 8,894 * Liberty Broadband Corp. Class C 2,529 250,826 * Liberty Interactive Corp., QVC Group Class A 42,207 1,010,436 * Liberty Media Corp.-Liberty Braves Class A 214 5,401 * Liberty Media Corp.-Liberty Braves Class C 690 17,409 #* Liberty Media Corp.-Liberty Formula One Class A 535 18,056 * Liberty Media Corp.-Liberty Formula One Class C 1,727 60,739 * Liberty Media Corp.-Liberty SiriusXM Class A 2,140 98,718 * Liberty Media Corp.-Liberty SiriusXM Class C 6,909 317,814 * LKQ Corp. 13,229 457,194 Macy's, Inc. 17,335 411,706 * Madison Square Garden Co. (The) Class A 122 26,806 MGM Resorts International 32,476 1,069,435 * Mohawk Industries, Inc. 6,954 1,731,476 Newell Brands, Inc. 8,089 426,452 News Corp. Class A 10,744 153,747 News Corp. Class B 1,165 17,125 * Norwegian Cruise Line Holdings, Ltd. 16,083 885,691 Penske Automotive Group, Inc. 1,294 56,341 PulteGroup, Inc. 36,197 883,931 PVH Corp. 6,148 733,395 Ralph Lauren Corp. 1,998 151,149 Royal Caribbean Cruises, Ltd. 18,430 2,083,880 # Signet Jewelers, Ltd. 1,010 61,772 Staples, Inc. 25,870 262,580 Time Warner, Inc. 47,918 4,907,762 Toll Brothers, Inc. 5,980 230,768 Viacom, Inc. Class B 23,789 830,712 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Whirlpool Corp. 7,935 $ 1,411,478 ----------- Total Consumer Discretionary 49,359,029 ----------- Consumer Staples -- (7.1%) Archer-Daniels-Midland Co. 22,770 960,439 Bunge, Ltd. 13,990 1,096,676 Coty, Inc. Class A 6,100 124,928 CVS Health Corp. 62,810 5,020,403 * Edgewell Personal Care Co. 1,258 90,828 Ingredion, Inc. 1,763 217,413 JM Smucker Co. (The) 12,460 1,518,874 Kraft Heinz Co. (The) 13,469 1,177,999 Molson Coors Brewing Co. Class B 12,255 1,090,450 Mondelez International, Inc. Class A 49,369 2,173,223 Pinnacle Foods, Inc. 6,537 388,167 #* Post Holdings, Inc. 5,980 497,536 Seaboard Corp. 12 51,300 #* TreeHouse Foods, Inc. 1,654 140,309 Tyson Foods, Inc. Class A 23,525 1,490,544 Wal-Mart Stores, Inc. 76,563 6,124,274 Walgreens Boots Alliance, Inc. 34,133 2,753,509 Whole Foods Market, Inc. 14,212 593,493 ----------- Total Consumer Staples 25,510,365 ----------- Energy -- (10.7%) Anadarko Petroleum Corp. 9,765 445,968 Andeavor 14,422 1,435,422 #* Antero Resources Corp. 3,928 80,995 Baker Hughes a GE Co. 14,996 553,202 Chevron Corp. 45,633 4,982,667 * Concho Resources, Inc. 6,683 870,528 ConocoPhillips 44,600 2,023,502 * Diamondback Energy, Inc. 2,188 209,785 Exxon Mobil Corp. 166,596 13,334,344 # Helmerich & Payne, Inc. 6,825 345,482 Hess Corp. 10,966 488,426 HollyFrontier Corp. 9,061 261,319 Kinder Morgan, Inc. 68,316 1,395,696 Marathon Oil Corp. 39,285 480,456 Marathon Petroleum Corp. 30,658 1,716,541 # Murphy Oil Corp. 1,800 47,844 National Oilwell Varco, Inc. 19,350 632,938 Noble Energy, Inc. 23,271 672,765 Occidental Petroleum Corp. 23,012 1,425,133 ONEOK, Inc. 3,890 220,057 Phillips 66 13,452 1,126,605 Pioneer Natural Resources Co. 1,500 244,650 * Rice Energy, Inc. 4,600 128,662 * RSP Permian, Inc. 1,400 48,104 Schlumberger, Ltd. 14,902 1,022,277 Targa Resources Corp. 19,078 885,410 * TechnipFMC P.L.C. 22,952 655,050 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Energy -- (Continued) Valero Energy Corp. 31,170 $ 2,149,795 Williams Cos., Inc. (The) 15,499 492,558 * WPX Energy, Inc. 4,000 43,120 ----------- Total Energy 38,419,301 ----------- Financials -- (23.1%) Aflac, Inc. 18,371 1,465,087 * Alleghany Corp. 521 319,550 Allstate Corp. (The) 12,949 1,178,359 # Ally Financial, Inc. 40,161 909,245 American Financial Group, Inc. 4,802 486,923 American International Group, Inc. 28,509 1,865,914 * Arch Capital Group, Ltd. 3,917 380,967 Assurant, Inc. 6,168 649,305 Assured Guaranty, Ltd. 8,777 395,053 Axis Capital Holdings, Ltd. 4,246 274,207 Bank of America Corp. 233,649 5,635,614 Bank of New York Mellon Corp. (The) 60,809 3,224,701 BB&T Corp. 28,271 1,337,784 Capital One Financial Corp. 27,511 2,370,898 Chubb, Ltd. 7,290 1,067,693 CIT Group, Inc. 8,140 387,871 Citigroup, Inc. 114,746 7,854,364 Citizens Financial Group, Inc. 15,641 548,686 CNA Financial Corp. 3,404 176,838 Everest Re Group, Ltd. 3,039 797,403 Fairfax Financial Holdings, Ltd. 187 89,059 Fifth Third Bancorp 62,393 1,665,893 First American Financial Corp. 2,900 140,389 FNB Corp. 2,500 34,250 Goldman Sachs Group, Inc. (The) 15,170 3,418,256 Hartford Financial Services Group, Inc. (The) 34,909 1,919,995 Huntington Bancshares, Inc. 66,607 882,543 Invesco, Ltd. 6,795 236,262 JPMorgan Chase & Co. 142,230 13,056,714 KeyCorp 35,144 633,998 Leucadia National Corp. 6,961 181,195 Lincoln National Corp. 11,260 822,656 Loews Corp. 15,312 745,388 M&T Bank Corp. 3,119 508,865 MetLife, Inc. 25,180 1,384,900 Morgan Stanley 57,103 2,678,131 Navient Corp. 12,985 191,529 # New York Community Bancorp, Inc. 21,486 282,111 Old Republic International Corp. 13,666 268,127 PacWest Bancorp 6,151 295,371 People's United Financial, Inc. 5,909 103,053 PNC Financial Services Group, Inc. (The) 19,407 2,499,621 Principal Financial Group, Inc. 20,814 1,389,334 Prosperity Bancshares, Inc. 2,167 138,905 Prudential Financial, Inc. 12,937 1,464,856 Regions Financial Corp. 84,962 1,240,445 Reinsurance Group of America, Inc. 4,378 613,796 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Financials -- (Continued) RenaissanceRe Holdings, Ltd. 2,550 $ 374,620 * Santander Consumer USA Holdings, Inc. 4,806 61,565 State Street Corp. 7,121 663,891 SunTrust Banks, Inc. 17,916 1,026,408 Travelers Cos., Inc. (The) 16,747 2,145,123 Unum Group 17,768 890,710 Validus Holdings, Ltd. 3,828 205,908 Voya Financial, Inc. 6,430 252,313 Wells Fargo & Co. 141,397 7,626,954 # WR Berkley Corp. 3,665 252,775 XL Group, Ltd. 13,379 594,028 Zions Bancorporation 11,130 504,412 ----------- Total Financials 82,810,811 ----------- Health Care -- (11.8%) Abbott Laboratories 68,588 3,373,158 Aetna, Inc. 21,525 3,321,523 Allergan P.L.C. 6,507 1,641,911 Anthem, Inc. 16,612 3,093,321 Baxter International, Inc. 2,568 155,313 * Bio-Rad Laboratories, Inc. Class A 301 70,925 * Centene Corp. 15,328 1,217,350 Cigna Corp. 5,767 1,000,921 Danaher Corp. 31,470 2,564,490 * DaVita, Inc. 13,225 856,715 DENTSPLY SIRONA, Inc. 3,750 232,612 * Envision Healthcare Corp. 1,015 57,276 * Express Scripts Holding Co. 37,088 2,323,192 Humana, Inc. 8,868 2,050,282 * Laboratory Corp. of America Holdings 10,340 1,643,129 * Mallinckrodt P.L.C. 7,529 344,828 * MEDNAX, Inc. 6,258 294,001 Medtronic P.L.C. 57,438 4,823,069 * Mylan NV 19,884 775,277 # Perrigo Co. P.L.C. 2,576 192,994 Pfizer, Inc. 201,581 6,684,426 Quest Diagnostics, Inc. 12,054 1,305,569 * Quintiles IMS Holdings, Inc. 3,161 286,229 STERIS P.L.C. 3,174 259,792 #* Taro Pharmaceutical Industries, Ltd. 528 60,366 Thermo Fisher Scientific, Inc. 11,061 1,941,537 * United Therapeutics Corp. 1,937 248,711 Universal Health Services, Inc. Class B 6,865 760,848 * WellCare Health Plans, Inc. 1,356 239,998 Zimmer Biomet Holdings, Inc. 3,628 440,149 ----------- Total Health Care 42,259,912 ----------- Industrials -- (8.9%) * AECOM 9,375 299,062 AGCO Corp. 7,161 516,594 AMERCO 1,048 407,211 Arconic, Inc. 36,427 903,025 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) Carlisle Cos., Inc. 3,990 $ 389,384 * Colfax Corp. 3,614 149,186 Copa Holdings SA Class A 1,700 213,282 CSX Corp. 57,938 2,858,661 Cummins, Inc. 2,568 431,167 Delta Air Lines, Inc. 40,097 1,979,188 Dover Corp. 10,840 910,560 Eaton Corp. P.L.C. 24,842 1,943,886 EMCOR Group, Inc. 500 33,750 FedEx Corp. 7,889 1,641,149 Fluor Corp. 11,907 517,121 General Electric Co. 10,292 263,578 * Genesee & Wyoming, Inc. Class A 2,123 138,335 Ingersoll-Rand P.L.C. 8,600 755,768 Jacobs Engineering Group, Inc. 6,798 358,391 * JetBlue Airways Corp. 35,732 783,603 Johnson Controls International P.L.C. 11,114 432,890 Kansas City Southern 9,135 942,641 L3 Technologies, Inc. 5,342 934,690 Macquarie Infrastructure Corp. 4,831 366,238 ManpowerGroup, Inc. 7,464 799,768 Norfolk Southern Corp. 17,791 2,002,911 Orbital ATK, Inc. 2,091 213,658 Oshkosh Corp. 4,781 329,220 Owens Corning 12,648 848,048 PACCAR, Inc. 6,931 474,427 Pentair P.L.C. 14,566 918,678 * Quanta Services, Inc. 7,594 256,146 Republic Services, Inc. 24,958 1,602,803 Southwest Airlines Co. 18,330 1,017,498 Spirit Aerosystems Holdings, Inc. Class A 341 20,607 Stanley Black & Decker, Inc. 14,134 1,988,512 * Stericycle, Inc. 1,476 113,770 * Teledyne Technologies, Inc. 412 56,172 Textron, Inc. 26,803 1,316,831 * United Continental Holdings, Inc. 15,385 1,041,257 #* USG Corp. 898 24,282 #* XPO Logistics, Inc. 10,879 653,937 ----------- Total Industrials 31,847,885 ----------- Information Technology -- (13.7%) Amdocs, Ltd. 6,918 464,682 Analog Devices, Inc. 6,404 505,980 * ARRIS International P.L.C. 11,357 317,542 * Arrow Electronics, Inc. 9,344 759,574 Avnet, Inc. 7,787 298,865 Brocade Communications Systems, Inc. 16,952 214,104 CA, Inc. 40,934 1,270,591 Cisco Systems, Inc. 322,456 10,141,241 Corning, Inc. 46,113 1,343,733 # Cypress Semiconductor Corp. 2,100 29,820 * Dell Technologies, Inc. Class V 6,610 424,825 Dolby Laboratories, Inc. Class A 3,000 155,250 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) DXC Technology Co. 9,168 $ 718,588 * EchoStar Corp. Class A 2,788 169,315 Fidelity National Information Services, Inc. 17,792 1,622,986 * Flex, Ltd. 24,033 384,288 FLIR Systems, Inc. 3,183 118,790 Hewlett Packard Enterprise Co. 106,724 1,868,737 HP, Inc. 106,724 2,038,428 Intel Corp. 314,314 11,148,718 Jabil, Inc. 12,756 389,058 Juniper Networks, Inc. 36,915 1,031,774 Lam Research Corp. 13,623 2,172,324 Leidos Holdings, Inc. 11,497 614,400 Marvell Technology Group, Ltd. 12,733 198,125 * Micron Technology, Inc. 71,442 2,008,949 * Microsemi Corp. 1,900 98,952 * Nuance Communications, Inc. 1,257 21,746 NVIDIA Corp. 11,499 1,868,702 * ON Semiconductor Corp. 6,872 102,736 * Qorvo, Inc. 4,400 301,664 QUALCOMM, Inc. 42,659 2,269,032 SS&C Technologies Holdings, Inc. 2,313 89,652 SYNNEX Corp. 3,000 356,760 * Synopsys, Inc. 2,343 179,404 TE Connectivity, Ltd. 12,283 987,430 Teradyne, Inc. 649 22,449 Western Digital Corp. 17,977 1,530,202 Xerox Corp. 27,677 848,854 ----------- Total Information Technology 49,088,270 ----------- Materials -- (3.4%) Albemarle Corp. 6,808 788,366 Alcoa Corp. 7,959 289,708 Ashland Global Holdings, Inc. 5,833 378,970 # CF Industries Holdings, Inc. 22,955 673,729 Dow Chemical Co. (The) 7,551 485,076 Eastman Chemical Co. 14,833 1,233,512 * Freeport-McMoRan, Inc. 53,965 788,968 Huntsman Corp. 6,064 161,424 Martin Marietta Materials, Inc. 1,361 308,171 Mosaic Co. (The) 21,306 514,327 Newmont Mining Corp. 27,915 1,037,601 Nucor Corp. 33,193 1,914,240 Olin Corp. 15,917 469,233 Reliance Steel & Aluminum Co. 5,582 403,914 Royal Gold, Inc. 2,190 189,785 Steel Dynamics, Inc. 20,010 708,554 Valvoline, Inc. 16,013 363,015 Vulcan Materials Co. 3,021 371,946 Westlake Chemical Corp. 5,052 355,459 VA U.S. LARGE VALUE PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Materials -- (Continued) WestRock Co. 15,663 $ 899,369 ------------ Total Materials 12,335,367 ------------ Real Estate -- (0.1%) * Howard Hughes Corp. (The) 145 18,243 Jones Lang LaSalle, Inc. 2,256 287,008 ------------ Total Real Estate 305,251 ------------ Telecommunication Services -- (4.6%) AT&T, Inc. 349,719 13,639,041 # CenturyLink, Inc. 56,876 1,323,505 * Level 3 Communications, Inc. 10,765 631,690 * Sprint Corp. 33,154 264,569 * T-Mobile US, Inc. 13,578 837,219 ------------ Total Telecommunication Services 16,696,024 ------------ Utilities -- (0.3%) * Calpine Corp. 24,828 357,027 NRG Energy, Inc. 30,491 750,688 ------------ Total Utilities 1,107,715 ------------ TOTAL COMMON STOCKS 349,739,930 ------------ TOTAL INVESTMENT SECURITIES 349,739,930 ------------ TEMPORARY CASH INVESTMENTS -- (0.9%) State Street Institutional U.S. Government Money Market Fund, 0.940% 3,080,733 3,080,733 ------------ SECURITIES LENDING COLLATERAL -- (1.7%) (S)@ DFA Short Term Investment Fund 525,199 6,077,602 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $268,345,674)^^ $358,898,265 ============ VA U.S. LARGE VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ---------- ------- ------------ Common Stocks Consumer Discretionary $ 49,359,029 -- -- $ 49,359,029 Consumer Staples 25,510,365 -- -- 25,510,365 Energy 38,419,301 -- -- 38,419,301 Financials 82,810,811 -- -- 82,810,811 Health Care 42,259,912 -- -- 42,259,912 Industrials 31,847,885 -- -- 31,847,885 Information Technology 49,088,270 -- -- 49,088,270 Materials 12,335,367 -- -- 12,335,367 Real Estate 305,251 -- -- 305,251 Telecommunication Services 16,696,024 -- -- 16,696,024 Utilities 1,107,715 -- -- 1,107,715 Temporary Cash Investments 3,080,733 -- -- 3,080,733 Securities Lending Collateral -- $6,077,602 -- 6,077,602 ------------ ---------- -- ------------ TOTAL $352,820,663 $6,077,602 -- $358,898,265 ============ ========== == ============ VA INTERNATIONAL VALUE PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------- ----------- COMMON STOCKS -- (95.7%) AUSTRALIA -- (5.8%) Alumina, Ltd. 51,921 $ 78,862 Aurizon Holdings, Ltd. 119,629 480,161 # Australia & New Zealand Banking Group, Ltd. 101,153 2,398,251 Bank of Queensland, Ltd. 16,620 160,207 Bendigo & Adelaide Bank, Ltd. 25,322 225,236 BHP Billiton, Ltd. 167,909 3,496,942 BHP Billiton, Ltd. Sponsored ADR 1,200 49,992 BlueScope Steel, Ltd. 43,992 463,436 Boral, Ltd. 68,274 378,352 Crown Resorts, Ltd. 11,688 119,031 Downer EDI, Ltd. 14,014 71,332 Fortescue Metals Group, Ltd. 182,089 836,919 # Harvey Norman Holdings, Ltd. 17,476 61,106 Incitec Pivot, Ltd. 73,326 187,215 LendLease Group 28,392 382,958 Newcrest Mining, Ltd. 33,350 541,889 Oil Search, Ltd. 37,611 200,113 * Origin Energy, Ltd. 52,124 288,740 QBE Insurance Group, Ltd. 41,583 393,939 Rio Tinto, Ltd. 4,607 242,860 * Santos, Ltd. 88,053 239,264 South32, Ltd. 276,003 643,736 South32, Ltd. ADR 480 5,592 Star Entertainment Grp, Ltd. (The) 68,502 276,343 Suncorp Group, Ltd. 37,831 432,395 Woodside Petroleum, Ltd. 52,384 1,224,245 ----------- TOTAL AUSTRALIA 13,879,116 ----------- AUSTRIA -- (0.1%) Erste Group Bank AG 2,529 104,764 * Raiffeisen Bank International AG 6,797 200,305 ----------- TOTAL AUSTRIA 305,069 ----------- BELGIUM -- (1.1%) Ageas 12,339 555,476 KBC Group NV 10,134 837,819 Solvay SA 5,748 824,155 UCB SA 5,114 372,411 ----------- TOTAL BELGIUM 2,589,861 ----------- CANADA -- (8.0%) AltaGas, Ltd. 2,109 49,090 Bank of Montreal 33,212 2,519,794 * BlackBerry, Ltd. 11,444 107,345 Cameco Corp. 21,467 220,037 Canadian Natural Resources, Ltd. 29,846 913,288 Cenovus Energy, Inc. 36,533 307,243 Crescent Point Energy Corp.(22576C101) 15,573 122,248 # Crescent Point Energy Corp.(B67C8W8) 22,411 176,160 Element Fleet Management Corp. 10,800 81,774 Empire Co., Ltd. Class A 16,101 261,645 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- CANADA -- (Continued) # Enbridge Income Fund Holdings, Inc. 6,500 $ 167,042 Encana Corp. 24,241 243,864 Fairfax Financial Holdings, Ltd. 1,351 644,221 First Quantum Minerals, Ltd. 28,330 313,123 Goldcorp, Inc.(380956409) 36,283 476,396 Goldcorp, Inc.(2676302) 4,000 52,521 * Husky Energy, Inc. 25,161 291,218 Imperial Oil, Ltd. 5,685 162,818 Industrial Alliance Insurance & Financial Services, Inc. 9,774 453,442 * Kinross Gold Corp. 80,284 330,988 Linamar Corp. 2,420 132,632 Lundin Mining Corp. 60,920 438,302 Magna International, Inc. 19,258 918,414 Manulife Financial Corp.(56501R106) 69,281 1,428,574 Manulife Financial Corp.(2492519) 28,420 585,383 Potash Corp. of Saskatchewan, Inc. 48,339 865,268 Sun Life Financial, Inc.(2566124) 9,704 371,893 Sun Life Financial, Inc.(866796105) 23,358 895,312 Suncor Energy, Inc.(867224107) 34,074 1,111,494 Suncor Energy, Inc.(B3NB1P2) 55,331 1,804,941 Tahoe Resources, Inc. 6,200 33,915 Teck Resources, Ltd. Class B(878742204) 37,769 819,210 Teck Resources, Ltd. Class B(2879327) 14,790 321,009 TMX Group, Ltd. 800 42,414 * Tourmaline Oil Corp. 17,573 389,728 * Turquoise Hill Resources, Ltd. 38,520 126,675 #* Valeant Pharmaceuticals International, Inc. 12,798 210,655 Veresen, Inc. 5,200 75,951 Wheaton Precious Metals Corp. 3,929 79,798 # Whitecap Resources, Inc. 22,800 168,428 WSP Global, Inc. 6,406 260,042 Yamana Gold, Inc. 17,952 46,797 ----------- TOTAL CANADA 19,021,092 ----------- DENMARK -- (1.6%) AP Moller - Maersk A.S. Class A 131 273,597 AP Moller - Maersk A.S. Class B 250 545,710 Carlsberg A.S. Class B 4,814 534,831 Danske Bank A.S. 16,492 667,887 DSV A.S. 11,168 721,070 ISS A.S. 10,604 434,709 Jyske Bank A.S. 1,149 72,015 Vestas Wind Systems A.S. 5,341 521,986 #* William Demant Holding A.S. 3,090 82,098 ----------- TOTAL DENMARK 3,853,903 ----------- FINLAND -- (1.0%) Fortum Oyj 21,549 352,372 Nokia Oyj 117,917 752,450 Stora Enso Oyj Class R 36,977 494,376 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FINLAND -- (Continued) UPM-Kymmene Oyj 30,093 $ 819,224 ----------- TOTAL FINLAND 2,418,422 ----------- FRANCE -- (9.1%) AXA SA 53,063 1,567,135 BNP Paribas SA 40,944 3,172,982 Bollore SA 26,274 121,902 Bouygues SA 12,585 539,571 Casino Guichard Perrachon SA 4,149 253,052 Cie de Saint-Gobain 7,649 424,418 Cie Generale des Etablissements Michelin 2,425 328,432 CNP Assurances 13,846 334,266 Credit Agricole SA 21,028 369,091 Electricite de France SA 29,633 300,794 Engie SA 85,232 1,372,764 Natixis SA 41,903 304,490 Orange SA 107,079 1,801,805 Peugeot SA 47,837 1,029,008 Renault SA 17,014 1,532,823 Societe Generale SA 33,936 1,989,827 STMicroelectronics NV 35,269 597,534 Total SA 105,139 5,346,704 Vivendi SA 14,053 324,819 ----------- TOTAL FRANCE 21,711,417 ----------- GERMANY -- (7.3%) Allianz SE 12,806 2,729,701 Allianz SE Sponsored ADR 37,493 800,476 Bayerische Motoren Werke AG 18,874 1,734,132 * Commerzbank AG 30,515 399,146 Daimler AG 51,979 3,641,897 Deutsche Bank AG(5750355) 16,858 300,201 Deutsche Bank AG(D18190898) 42,228 753,348 Deutsche Lufthansa AG 20,576 441,870 Evonik Industries AG 9,519 324,194 Fraport AG Frankfurt Airport Services Worldwide 2,342 234,526 Fresenius Medical Care AG & Co. KGaA 9,404 886,801 GEA Group AG 1,466 59,580 HeidelbergCement AG 6,512 644,831 Innogy SE 5,367 225,413 Lanxess AG 6,336 488,594 Linde AG 4,169 795,281 # MAN SE 403 44,628 Metro AG 13,671 153,626 * Metro Wholesale & Food Specialist AG 15,951 322,235 Muenchener Rueckversicherungs-Gesellschaft AG 3,380 726,022 OSRAM Licht AG 1,822 151,835 * RWE AG 30,361 639,724 * Talanx AG 3,757 154,928 # Telefonica Deutschland Holding AG 41,093 212,276 Uniper SE 16,317 336,277 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- GERMANY -- (Continued) Volkswagen AG 1,851 $ 291,062 ----------- TOTAL GERMANY 17,492,604 ----------- HONG KONG -- (2.5%) Cathay Pacific Airways, Ltd. 116,000 181,745 CK Hutchison Holdings, Ltd. 129,012 1,697,684 Guoco Group, Ltd. 1,000 11,723 Hang Lung Group, Ltd. 62,000 235,506 Hang Lung Properties, Ltd. 88,000 218,864 Henderson Land Development Co., Ltd. 27,500 158,943 Hopewell Holdings, Ltd. 3,500 13,387 Kerry Properties, Ltd. 33,500 117,393 MTR Corp., Ltd. 33,054 190,873 New World Development Co., Ltd. 337,613 455,928 NWS Holdings, Ltd. 65,889 126,050 * Orient Overseas International, Ltd. 5,500 51,185 Shangri-La Asia, Ltd. 76,000 123,422 Sino Land Co., Ltd. 94,303 155,531 Sun Hung Kai Properties, Ltd. 51,362 794,686 Swire Pacific, Ltd. Class A 31,500 313,871 Swire Pacific, Ltd. Class B 47,500 84,126 Wharf Holdings, Ltd. (The) 34,635 294,385 Wheelock & Co., Ltd. 59,000 444,594 Yue Yuen Industrial Holdings, Ltd. 47,000 194,047 ----------- TOTAL HONG KONG 5,863,943 ----------- IRELAND -- (0.3%) * Bank of Ireland Group P.L.C. 30,327 253,106 CRH P.L.C. Sponsored ADR 13,556 475,409 Paddy Power Betfair P.L.C. 918 91,976 ----------- TOTAL IRELAND 820,491 ----------- ISRAEL -- (0.4%) Bank Hapoalim BM 64,982 450,118 Bank Leumi Le-Israel BM 93,384 448,630 Mizrahi Tefahot Bank, Ltd. 401 7,246 ----------- TOTAL ISRAEL 905,994 ----------- ITALY -- (1.9%) * Fiat Chrysler Automobiles NV 113,627 1,370,155 Mediobanca SpA 20,982 218,918 * Telecom Italia SpA 720,290 741,042 * Telecom Italia SpA Sponsored ADR 18,000 187,200 * UniCredit SpA 97,112 1,908,629 ----------- TOTAL ITALY 4,425,944 ----------- JAPAN -- (21.3%) Aeon Co., Ltd. 22,600 340,537 Aisin Seiki Co., Ltd. 6,500 337,928 Alfresa Holdings Corp. 4,300 79,138 Amada Holdings Co., Ltd. 4,600 52,537 Aoyama Trading Co., Ltd. 1,900 66,229 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Asahi Glass Co., Ltd. 15,400 $ 648,177 Asahi Kasei Corp. 28,000 319,758 Bank of Kyoto, Ltd. (The) 8,000 76,681 Canon Marketing Japan, Inc. 4,600 101,608 Chiba Bank, Ltd. (The) 22,000 157,838 Chugoku Bank, Ltd. (The) 4,700 68,127 Citizen Watch Co., Ltd. 20,500 152,421 Coca-Cola Bottlers Japan, Inc. 2,400 72,388 COMSYS Holdings Corp. 4,600 94,238 Concordia Financial Group, Ltd. 57,500 289,955 Credit Saison Co., Ltd. 3,500 67,415 Dai Nippon Printing Co., Ltd. 13,000 143,392 Dai-ichi Life Holdings, Inc. 45,200 780,784 Daicel Corp. 16,500 214,469 Daido Steel Co., Ltd. 11,000 66,943 Daiwa Securities Group, Inc. 54,000 311,003 Denka Co., Ltd. 27,000 149,948 Denso Corp. 7,600 364,993 DIC Corp. 4,700 177,277 Dowa Holdings Co., Ltd. 10,000 80,734 Ebara Corp. 6,100 178,449 Fuji Media Holdings, Inc. 1,800 26,007 FUJIFILM Holdings Corp. 20,900 768,250 Fukuoka Financial Group, Inc. 22,000 101,427 Glory, Ltd. 1,200 39,960 Gunma Bank, Ltd. (The) 12,000 70,307 H2O Retailing Corp. 4,100 67,089 Hachijuni Bank, Ltd. (The) 15,000 95,233 Hankyu Hanshin Holdings, Inc. 13,500 481,835 Heiwa Corp. 2,300 50,599 Hiroshima Bank, Ltd. (The) 25,000 106,869 Hitachi Capital Corp. 900 21,411 Hitachi Chemical Co., Ltd. 4,000 113,719 Hitachi Construction Machinery Co., Ltd. 7,000 200,390 Hitachi Metals, Ltd. 12,800 178,152 Hitachi Transport System, Ltd. 900 20,716 Hitachi, Ltd. 237,000 1,630,516 Honda Motor Co., Ltd. 78,400 2,194,561 House Foods Group, Inc. 1,400 36,140 Ibiden Co., Ltd. 5,300 91,979 Idemitsu Kosan Co., Ltd. 7,200 174,755 Iida Group Holdings Co., Ltd. 11,700 199,906 Inpex Corp. 41,000 398,993 Isetan Mitsukoshi Holdings, Ltd. 8,500 82,834 ITOCHU Corp. 61,200 959,708 J Front Retailing Co., Ltd. 16,800 240,111 JFE Holdings, Inc. 33,700 650,022 JSR Corp. 5,900 103,970 JTEKT Corp. 13,000 185,039 JXTG Holdings, Inc. 129,427 575,306 # K's Holdings Corp. 1,400 28,106 Kamigumi Co., Ltd. 8,000 85,737 Kandenko Co., Ltd. 4,000 42,809 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kaneka Corp. 36,000 $ 288,474 Kawasaki Heavy Industries, Ltd. 53,000 168,747 #* Kawasaki Kisen Kaisha, Ltd. 29,000 72,003 Kinden Corp. 2,000 31,131 #* Kobe Steel, Ltd. 20,500 256,414 Komatsu, Ltd. 15,300 410,308 Konica Minolta, Inc. 33,500 277,487 Kuraray Co., Ltd. 24,100 468,538 Kyocera Corp. 5,700 346,275 Kyushu Financial Group, Inc. 5,550 34,825 LIXIL Group Corp. 11,800 303,676 Marubeni Corp. 81,700 541,383 Mazda Motor Corp. 45,300 680,985 Mebuki Financial Group, Inc. 28,540 109,865 Medipal Holdings Corp. 8,700 159,205 Mitsubishi Chemical Holdings Corp. 54,100 452,939 Mitsubishi Corp. 23,500 510,237 Mitsubishi Gas Chemical Co., Inc. 11,500 265,323 Mitsubishi Heavy Industries, Ltd. 153,000 608,305 Mitsubishi Logistics Corp. 2,000 25,675 Mitsubishi Materials Corp. 8,300 278,831 Mitsubishi UFJ Financial Group, Inc. 397,400 2,521,149 Mitsubishi UFJ Lease & Finance Co., Ltd. 27,100 144,364 Mitsui & Co., Ltd. 26,900 391,147 Mitsui Chemicals, Inc. 49,000 278,375 Mitsui Fudosan Co., Ltd. 4,000 91,801 Mitsui OSK Lines, Ltd. 58,000 180,512 Mizuho Financial Group, Inc. 708,200 1,259,445 MS&AD Insurance Group Holdings, Inc. 17,550 615,559 NEC Corp. 196,000 532,815 NGK Spark Plug Co., Ltd. 7,700 155,458 NHK Spring Co., Ltd. 10,800 116,646 Nikon Corp. 12,600 222,009 Nippo Corp. 5,000 101,721 Nippon Electric Glass Co., Ltd. 2,800 99,118 Nippon Express Co., Ltd. 67,000 427,849 Nippon Paper Industries Co., Ltd. 8,000 159,495 Nippon Shokubai Co., Ltd. 2,200 143,926 Nippon Steel & Sumitomo Metal Corp. 38,318 940,626 * Nippon Yusen K.K. 101,000 192,808 Nissan Motor Co., Ltd. 107,100 1,063,423 Nisshin Seifun Group, Inc. 900 14,779 Nisshinbo Holdings, Inc. 3,000 30,380 NOK Corp. 6,500 148,785 Nomura Holdings, Inc. 108,800 646,405 Nomura Real Estate Holdings, Inc. 8,700 172,444 NSK, Ltd. 3,500 45,116 NTN Corp. 28,000 130,313 Obayashi Corp. 9,000 108,366 Oji Holdings Corp. 61,000 312,836 ORIX Corp. 51,300 814,050 Resona Holdings, Inc. 117,600 605,835 Ricoh Co., Ltd. 55,100 518,078 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Rohm Co., Ltd. 900 $ 69,560 Sankyo Co., Ltd. 1,800 59,080 SBI Holdings, Inc. 8,380 119,889 Sega Sammy Holdings, Inc. 1,100 14,842 Seino Holdings Co., Ltd. 5,000 67,324 Sekisui House, Ltd. 15,500 268,308 Shinsei Bank, Ltd. 55,000 90,654 Shizuoka Bank, Ltd. (The) 13,000 115,986 Showa Denko K.K. 7,400 192,618 Sojitz Corp. 34,370 86,580 Sompo Holdings, Inc. 2,697 105,782 Sumitomo Chemical Co., Ltd. 109,000 637,009 Sumitomo Corp. 17,700 239,248 Sumitomo Electric Industries, Ltd. 46,600 753,263 Sumitomo Forestry Co., Ltd. 6,300 96,437 Sumitomo Heavy Industries, Ltd. 33,000 240,584 Sumitomo Metal Mining Co., Ltd. 20,000 302,054 Sumitomo Mitsui Financial Group, Inc. 51,500 1,987,168 Sumitomo Mitsui Trust Holdings, Inc. 8,403 308,584 Sumitomo Rubber Industries, Ltd. 14,600 253,167 Suzuken Co., Ltd. 1,700 56,775 T&D Holdings, Inc. 10,400 153,418 Taiheiyo Cement Corp. 80,000 300,182 Takashimaya Co., Ltd. 22,000 201,253 TDK Corp. 7,700 553,410 Teijin, Ltd. 11,800 236,583 THK Co., Ltd. 1,500 45,801 Tokai Rika Co., Ltd. 2,300 42,234 Tokio Marine Holdings, Inc. 6,200 260,730 Tokyo Tatemono Co., Ltd. 8,900 121,099 Tokyu Fudosan Holdings Corp. 35,400 212,349 Toppan Printing Co., Ltd. 20,000 211,354 Tosoh Corp. 31,000 367,044 Toyo Seikan Group Holdings, Ltd. 9,600 157,366 Toyoda Gosei Co., Ltd. 6,400 151,005 Toyota Industries Corp. 3,800 203,877 Toyota Motor Corp. 93,170 5,251,046 Toyota Motor Corp. Sponsored ADR 2,140 241,478 Toyota Tsusho Corp. 14,000 450,072 Ube Industries, Ltd. 59,000 159,823 Yamada Denki Co., Ltd. 51,200 273,451 Yamaguchi Financial Group, Inc. 6,000 70,619 Yokohama Rubber Co., Ltd. (The) 6,100 122,840 Zeon Corp. 9,000 112,285 ----------- TOTAL JAPAN 50,855,913 ----------- NETHERLANDS -- (2.9%) ABN AMRO Group NV 13,349 377,313 Aegon NV 46,736 261,976 * ArcelorMittal(BYPBS67) 21,499 566,020 #* ArcelorMittal(03938L203) 17,638 461,401 Coca-Cola European Partners P.L.C. 1,208 52,431 Gemalto NV 2,954 150,579 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NETHERLANDS -- (Continued) ING Groep NV 105,622 $1,973,424 # ING Groep NV Sponsored ADR 18,092 338,863 Koninklijke Ahold Delhaize NV 49,060 1,003,465 Koninklijke DSM NV 9,616 709,356 Koninklijke Philips NV 11,494 438,726 NN Group NV 14,047 569,379 ---------- TOTAL NETHERLANDS 6,902,933 ---------- NEW ZEALAND -- (0.1%) Air New Zealand, Ltd. 30,229 76,104 Auckland International Airport, Ltd. 9,837 51,428 Fletcher Building, Ltd. 33,834 203,103 Fonterra Co-operative Group, Ltd. 4,334 19,696 ---------- TOTAL NEW ZEALAND 350,331 ---------- NORWAY -- (0.9%) Aker ASA Class A 1,365 51,690 DNB ASA 34,379 675,357 Norsk Hydro ASA 62,765 404,994 SpareBank 1 SR-Bank ASA 5,781 57,700 Statoil ASA 5,853 110,002 Storebrand ASA 20,270 169,077 Subsea 7 SA 19,855 294,209 Yara International ASA 6,881 273,493 ---------- TOTAL NORWAY 2,036,522 ---------- PORTUGAL -- (0.0%) EDP Renovaveis SA 7,795 62,296 ---------- SINGAPORE -- (0.9%) CapitaLand, Ltd. 68,500 186,343 City Developments, Ltd. 35,800 297,164 DBS Group Holdings, Ltd. 28,462 454,072 Golden Agri-Resources, Ltd. 242,500 70,611 Hutchison Port Holdings Trust 275,100 130,591 Keppel Corp., Ltd. 38,400 181,601 SembCorp Industries, Ltd. 71,700 170,758 Singapore Airlines, Ltd. 55,100 422,265 United Industrial Corp., Ltd. 13,400 31,733 UOL Group, Ltd. 23,399 136,145 Wilmar International, Ltd. 70,700 174,046 ---------- TOTAL SINGAPORE 2,255,329 ---------- SPAIN -- (3.3%) Banco de Sabadell SA 393,251 878,177 Banco Santander SA 764,992 5,208,192 CaixaBank SA 34,205 178,161 Iberdrola SA 44,006 346,895 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SPAIN -- (Continued) Repsol SA 81,697 $ 1,368,252 ----------- TOTAL SPAIN 7,979,677 ----------- SWEDEN -- (2.7%) Boliden AB 20,869 655,162 * Essity AB Class A 318 9,197 * Essity AB Class B 11,600 336,342 Holmen AB Class B 2,872 129,715 # ICA Gruppen AB 7,040 282,086 Millicom International Cellular SA 5,055 316,754 Nordea Bank AB 167,882 2,118,314 Skandinaviska Enskilda Banken AB Class A 68,455 866,936 * SSAB AB Class A 4,743 23,964 * SSAB AB Class B 12,319 50,867 Svenska Cellulosa AB SCA Class A 318 3,285 Svenska Cellulosa AB SCA Class B 11,600 96,047 Tele2 AB Class B 2,303 27,410 Telefonaktiebolaget LM Ericsson Class A 164 1,063 Telefonaktiebolaget LM Ericsson Class B 67,232 435,153 Telefonaktiebolaget LM Ericsson Sponsored ADR 14,668 94,168 Telia Co. AB 132,387 622,333 Trelleborg AB Class B 18,377 432,824 ----------- TOTAL SWEDEN 6,501,620 ----------- SWITZERLAND -- (7.8%) ABB, Ltd. 17,547 411,062 Adecco Group AG 11,040 842,275 Baloise Holding AG 3,212 516,059 Cie Financiere Richemont SA 20,317 1,727,150 Clariant AG 24,689 573,711 Credit Suisse Group AG 41,972 645,180 * Dufry AG 3,435 547,215 Flughafen Zurich AG 916 233,616 Helvetia Holding AG 228 127,435 Julius Baer Group, Ltd. 10,832 613,167 LafargeHolcim, Ltd.(7110753) 15,649 935,046 LafargeHolcim, Ltd.(BZ3DNX4) 8,340 500,569 Novartis AG 20,736 1,766,245 Novartis AG Sponsored ADR 19,656 1,674,691 Swatch Group AG (The)(7184736) 3,896 300,086 # Swatch Group AG (The)(7184725) 2,353 933,577 Swiss Life Holding AG 1,881 686,476 Swiss Re AG 17,407 1,678,247 UBS Group AG(BRJL176) 45,288 787,579 * UBS Group AG(H42097107) 37,591 655,211 Zurich Insurance Group AG 7,907 2,409,892 ----------- TOTAL SWITZERLAND 18,564,489 ----------- UNITED KINGDOM -- (16.7%) * Anglo American P.L.C. 94,439 1,562,183 Antofagasta P.L.C. 16,824 210,099 Aviva P.L.C. -- 3 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) Barclays P.L.C. 293 $ 786 Barclays P.L.C. Sponsored ADR 109,121 1,170,868 Barratt Developments P.L.C. 49,999 406,077 BHP Billiton P.L.C. ADR 7,347 267,504 BP P.L.C. Sponsored ADR 165,349 5,810,360 Carnival P.L.C. 2,639 178,123 Carnival P.L.C. ADR 695 46,760 Glencore P.L.C. 646,555 2,852,208 # HSBC Holdings P.L.C. Sponsored ADR 124,208 6,221,579 J Sainsbury P.L.C. 157,080 507,519 Kingfisher P.L.C. 158,788 616,218 Lloyds Banking Group P.L.C. 1,902,476 1,644,761 # Lloyds Banking Group P.L.C. ADR 374,716 1,319,000 Pearson P.L.C. Sponsored ADR 33,452 287,687 * Royal Bank of Scotland Group P.L.C. 20,710 67,899 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR 20,712 137,528 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 99,465 5,622,757 # Royal Dutch Shell P.L.C. Sponsored ADR, Class B 67,602 3,911,452 Royal Mail P.L.C. 29,930 159,149 * Standard Chartered P.L.C. 114,735 1,282,538 Travis Perkins P.L.C. 7,739 155,000 Vodafone Group P.L.C. 1,510,348 4,427,362 Vodafone Group P.L.C. Sponsored ADR 22,008 653,192 WM Morrison Supermarkets P.L.C. 127,062 402,990 ------------ TOTAL UNITED KINGDOM 39,921,602 ------------ TOTAL COMMON STOCKS 228,718,568 ------------ PREFERRED STOCKS -- (0.9%) GERMANY -- (0.9%) Bayerische Motoren Werke AG 3,228 257,229 Porsche Automobil Holding SE 5,072 290,286 Volkswagen AG 10,097 1,552,807 ------------ TOTAL GERMANY 2,100,322 ------------ TOTAL PREFERRED STOCKS 2,100,322 ------------ TOTAL INVESTMENT SECURITIES 230,818,890 ------------ VALUE+ ------------ SECURITIES LENDING COLLATERAL -- (3.4%) (S)@ DFA Short Term Investment Fund 709,512 8,210,469 TOTAL INVESTMENTS -- (100.0%) (Cost $221,251,421)^^ $239,029,359 VA INTERNATIONAL VALUE PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia $ 55,584 $ 13,823,532 -- $ 13,879,116 Austria -- 305,069 -- 305,069 Belgium -- 2,589,861 -- 2,589,861 Canada 19,021,092 -- -- 19,021,092 Denmark -- 3,853,903 -- 3,853,903 Finland -- 2,418,422 -- 2,418,422 France -- 21,711,417 -- 21,711,417 Germany 1,876,059 15,616,545 -- 17,492,604 Hong Kong -- 5,863,943 -- 5,863,943 Ireland 728,515 91,976 -- 820,491 Israel -- 905,994 -- 905,994 Italy 187,200 4,238,744 -- 4,425,944 Japan 241,478 50,614,435 -- 50,855,913 Netherlands 1,389,569 5,513,364 -- 6,902,933 New Zealand -- 350,331 -- 350,331 Norway -- 2,036,522 -- 2,036,522 Portugal -- 62,296 -- 62,296 Singapore -- 2,255,329 -- 2,255,329 Spain -- 7,979,677 -- 7,979,677 Sweden 439,707 6,061,913 -- 6,501,620 Switzerland 2,329,902 16,234,587 -- 18,564,489 United Kingdom 25,448,687 14,472,915 -- 39,921,602 Preferred Stocks Germany -- 2,100,322 -- 2,100,322 Securities Lending Collateral -- 8,210,469 -- 8,210,469 ----------- ------------ -- ------------ TOTAL $51,717,793 $187,311,566 -- $239,029,359 =========== ============ == ============ VA INTERNATIONAL SMALL PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------- -------- COMMON STOCKS -- (90.8%) AUSTRALIA -- (5.5%) # Adelaide Brighton, Ltd. 31,770 $142,964 # Ainsworth Game Technology, Ltd. 21,326 41,239 * Alkane Resources, Ltd. 19,700 5,368 ALS, Ltd. 25,014 148,516 Altium, Ltd. 10,936 76,476 Alumina, Ltd. 10,001 15,190 # AMA Group, Ltd. 28,485 23,237 # Amaysim Australia, Ltd. 12,705 16,258 Ansell, Ltd. 12,289 215,920 AP Eagers, Ltd. 5,272 38,319 # APN Outdoor Group, Ltd. 7,766 28,632 Appen, Ltd. 3,820 12,731 # ARB Corp., Ltd. 6,754 82,796 # Ardent Leisure Group 45,511 76,070 #* Arrium, Ltd. 211,294 3,169 Asaleo Care, Ltd. 27,966 29,773 * Atlas Iron, Ltd. 881,033 14,794 AUB Group, Ltd. 6,741 69,486 Ausdrill, Ltd. 32,462 50,525 Austal, Ltd. 27,320 39,400 * Australian Agricultural Co., Ltd. 47,194 62,469 Australian Finance Group, Ltd. 19,471 22,336 Australian Pharmaceutical Industries, Ltd. 31,902 44,793 Auswide Bank, Ltd. 777 3,202 # Automotive Holdings Group, Ltd. 29,309 89,800 Aveo Group 37,729 73,347 AVJennings, Ltd. 30,044 17,793 #* AWE, Ltd. 53,433 20,555 # Bapcor, Ltd. 27,701 125,147 Beach Energy, Ltd. 164,490 89,691 * Beadell Resources, Ltd. 69,221 10,319 # Bega Cheese, Ltd. 10,761 59,146 Bellamy's Australia, Ltd. 5,197 29,328 * Billabong International, Ltd. 8,658 5,541 # Blackmores, Ltd. 1,296 91,809 Blue Sky Alternative Investments, Ltd. 3,335 24,997 Breville Group, Ltd. 11,850 95,278 Brickworks, Ltd. 2,810 29,671 BT Investment Management, Ltd. 14,605 125,686 Cabcharge Australia, Ltd. 9,538 16,639 * Capitol Health, Ltd. 65,386 13,876 * Cardno, Ltd. 35,915 36,110 * Carnarvon Petroleum, Ltd. 6,703 402 carsales.com, Ltd. 14,542 143,699 Cash Converters International, Ltd. 15,875 4,191 Cedar Woods Properties, Ltd. 6,587 25,873 Centuria Capital Group 22,988 22,251 Cleanaway Waste Management, Ltd. 140,011 146,117 * Coal of Africa, Ltd. 22,474 685 Codan, Ltd. 7,613 13,654 Collins Foods, Ltd. 15,075 72,214 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) * Cooper Energy, Ltd. 70,419 $ 19,437 # Corporate Travel Management, Ltd. 4,235 75,683 Costa Group Holdings, Ltd. 24,756 94,672 # Credit Corp. Group, Ltd. 4,510 61,114 CSG, Ltd. 15,131 8,338 CSR, Ltd. 41,271 129,497 * CuDeco, Ltd. 4,262 1,191 Data#3, Ltd. 9,441 13,423 Decmil Group, Ltd. 8,327 5,460 #* Doray Minerals, Ltd. 36,011 5,640 Downer EDI, Ltd. 57,779 294,099 DuluxGroup, Ltd. 28,442 149,970 # Eclipx Group, Ltd. 15,103 44,804 #* Elders, Ltd. 13,433 55,874 * Energy World Corp., Ltd. 50,545 16,578 EQT Holdings, Ltd. 1,194 16,716 ERM Power, Ltd. 19,540 19,300 Estia Health, Ltd. 7,270 16,887 Event Hospitality and Entertainment, Ltd. 8,362 87,956 Evolution Mining, Ltd. 72,531 129,600 Fairfax Media, Ltd. 198,477 157,186 #* FAR, Ltd. 313,919 18,841 #* Fleetwood Corp., Ltd. 6,315 13,372 FlexiGroup, Ltd. 35,882 55,420 # Flight Centre Travel Group, Ltd. 3,531 122,817 # G8 Education, Ltd. 31,509 95,484 # Gateway Lifestyle 17,457 27,027 GBST Holdings, Ltd. 4,021 10,621 Genworth Mortgage Insurance Australia, Ltd. 23,624 56,886 #* Gold Road Resources, Ltd. 45,099 23,353 GrainCorp, Ltd. Class A 17,604 122,912 # Greencross, Ltd. 10,802 49,864 GUD Holdings, Ltd. 10,117 96,704 GWA Group, Ltd. 23,855 61,881 Hansen Technologies, Ltd. 13,980 42,629 Healthscope, Ltd. 37,072 61,707 HFA Holdings, Ltd. 6,842 13,994 HT&E, Ltd. 28,002 58,239 IDP Education, Ltd. 11,245 47,042 Iluka Resources, Ltd. 30,100 217,300 * Imdex, Ltd. 64,144 37,454 # IMF Bentham, Ltd. 13,775 21,265 # Independence Group NL 38,182 92,239 * Infigen Energy 97,403 60,033 Infomedia, Ltd. 29,538 17,493 Integral Diagnostics, Ltd. 15,730 21,901 Integrated Research, Ltd. 5,600 15,004 # InvoCare, Ltd. 8,056 89,582 # IOOF Holdings, Ltd. 24,214 194,516 IPH, Ltd. 5,834 21,101 IRESS, Ltd. 9,114 94,097 iSelect, Ltd. 15,373 25,693 # iSentia Group, Ltd. 23,190 41,170 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) IVE Group, Ltd. 6,741 $ 12,130 # Japara Healthcare, Ltd. 10,675 17,426 # JB Hi-Fi, Ltd. 8,419 175,142 #* Karoon Gas Australia, Ltd. 22,730 24,577 * Kingsgate Consolidated, Ltd. 11,507 2,121 Lifestyle Communities, Ltd. 6,612 21,519 Link Administration Holdings, Ltd. 28,336 174,687 #* Lynas Corp., Ltd. 10,000 1,081 MACA, Ltd. 14,371 19,312 * Macmahon Holdings, Ltd. 69,831 9,516 Macquarie Atlas Roads Group 30,520 135,757 # Mantra Group, Ltd. 27,147 65,392 #* Mayne Pharma Group, Ltd. 106,784 82,042 McMillan Shakespeare, Ltd. 8,031 92,189 * Medusa Mining, Ltd. 7,354 1,742 Melbourne IT, Ltd. 10,977 25,082 #* Mesoblast, Ltd. 28,256 39,422 * Metals X, Ltd. 52,374 34,171 # Metcash, Ltd. 85,183 178,598 Michael Hill International, Ltd. 4,284 4,267 Mineral Resources, Ltd. 13,856 136,238 #* MMA Offshore, Ltd. 18,410 2,578 Monadelphous Group, Ltd. 9,312 113,602 Monash IVF Group, Ltd. 17,197 21,871 # Mortgage Choice, Ltd. 10,500 19,502 * Mount Gibson Iron, Ltd. 65,404 23,290 # Myer Holdings, Ltd. 91,183 55,380 # MYOB Group, Ltd. 26,435 70,301 Navitas, Ltd. 16,439 65,300 #* NetComm Wireless, Ltd. 6,048 8,094 New Hope Corp., Ltd. 15,030 19,249 #* NEXTDC, Ltd. 21,470 70,464 nib holdings, Ltd. 27,676 127,142 Nick Scali, Ltd. 1,607 7,850 Nine Entertainment Co. Holdings, Ltd. 56,013 64,505 Northern Star Resources, Ltd. 37,669 133,450 #* NRW Holdings, Ltd. 52,427 27,430 Nufarm, Ltd. 15,520 105,062 # OFX Group, Ltd. 19,585 25,714 oOh!media, Ltd. 12,225 39,344 #* Orocobre, Ltd. 12,533 32,052 Orora, Ltd. 73,395 162,060 OZ Minerals, Ltd. 27,601 184,459 Pacific Current Group, Ltd. 4,475 25,061 Pact Group Holdings, Ltd. 11,420 52,370 #* Paladin Energy, Ltd. 190,272 7,154 Peet, Ltd. 19,305 18,387 Perpetual, Ltd. 3,234 130,616 #* Perseus Mining, Ltd. 113,003 28,682 # Platinum Asset Management, Ltd. 14,364 62,845 PMP, Ltd. 56,315 33,320 # Premier Investments, Ltd. 8,397 91,652 Primary Health Care, Ltd. 40,247 109,053 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- AUSTRALIA -- (Continued) # Prime Media Group, Ltd. 30,543 $ 9,902 Pro Medicus, Ltd. 2,131 8,853 Programmed Maintenance Services, Ltd. 27,228 64,936 # Qube Holdings, Ltd. 86,119 183,076 # Quintis, Ltd. 35,825 8,598 * Ramelius Resources, Ltd. 40,850 13,138 # RCG Corp., Ltd. 24,487 17,920 * RCR Tomlinson, Ltd. 10,693 32,084 Reckon, Ltd. 1,448 1,740 # Regis Healthcare, Ltd. 9,281 27,401 Regis Resources, Ltd. 42,610 131,321 Reject Shop, Ltd. (The) 1,897 7,416 Resolute Mining, Ltd. 88,278 76,242 # Retail Food Group, Ltd. 14,253 55,255 Ridley Corp., Ltd. 33,330 38,113 * Salmat, Ltd. 3,642 1,132 Sandfire Resources NL 15,266 70,790 #* Saracen Mineral Holdings, Ltd. 69,377 75,147 # SeaLink Travel Group, Ltd. 5,156 17,455 # Select Harvests, Ltd. 9,324 36,564 #* Senex Energy, Ltd. 125,484 28,650 Servcorp, Ltd. 6,297 30,146 Service Stream, Ltd. 24,219 26,176 # Seven Group Holdings, Ltd. 8,164 78,132 Seven West Media, Ltd. 74,426 48,220 SG Fleet Group, Ltd. 9,631 28,296 Sigma Healthcare, Ltd. 130,057 99,928 #* Silex Systems, Ltd. 1,112 325 # Silver Chef, Ltd. 1,766 11,907 #* Silver Lake Resources, Ltd. 40,594 14,557 Sims Metal Management, Ltd. 15,927 197,838 * Sino Gas & Energy Holdings, Ltd. 153,490 10,432 Sirtex Medical, Ltd. 5,520 71,039 SmartGroup Corp., Ltd. 8,573 51,353 SMS Management & Technology, Ltd. 6,207 8,931 Southern Cross Media Group, Ltd. 67,418 71,497 Spark Infrastructure Group 101,734 203,671 * Specialty Fashion Group, Ltd. 19,600 6,964 # SpeedCast International, Ltd. 20,989 57,914 * St Barbara, Ltd. 40,823 89,121 Steadfast Group, Ltd. 57,870 119,883 #* Sundance Energy Australia, Ltd. 99,276 5,248 Sunland Group, Ltd. 14,139 20,239 # Super Retail Group, Ltd. 9,227 61,852 * Syrah Resources, Ltd. 27,687 63,815 Tabcorp Holdings, Ltd. 62,084 207,449 Tassal Group, Ltd. 17,551 53,240 Technology One, Ltd. 18,475 79,296 #* Ten Network Holdings, Ltd. 22,220 2,844 Thorn Group, Ltd. 15,487 16,361 * Tiger Resources, Ltd. 149,819 4,411 # Tox Free Solutions, Ltd. 22,147 42,350 Treasury Wine Estates, Ltd. 13,224 128,746 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- AUSTRALIA -- (Continued) * Troy Resources, Ltd. 3,735 $ 330 Villa World, Ltd. 12,158 21,895 # Village Roadshow, Ltd. 7,008 22,535 * Virgin Australia Holdings, Ltd. 62,219 8,715 Virtus Health, Ltd. 9,520 42,679 Vita Group, Ltd. 4,214 4,424 # Vocus Group, Ltd. 11,731 32,725 * Watpac, Ltd. 6,412 3,028 Webjet, Ltd. 6,560 60,423 #* Western Areas, Ltd. 34,456 65,346 * Westgold Resources, Ltd. 23,434 29,642 * Whitehaven Coal, Ltd. 44,128 104,865 * WorleyParsons, Ltd. 20,922 197,457 WPP AUNZ, Ltd. 38,883 35,815 ----------- TOTAL AUSTRALIA 12,616,591 ----------- AUSTRIA -- (1.4%) Agrana Beteiligungs AG 351 47,571 ANDRITZ AG 4,587 280,833 Atrium European Real Estate, Ltd. 20,363 95,180 # Austria Technologie & Systemtechnik AG 2,825 37,499 BUWOG AG 7,840 230,387 CA Immobilien Anlagen AG 7,521 194,100 # DO & CO AG 729 53,358 EVN AG 3,510 53,739 * FACC AG 3,286 39,746 # IMMOFINANZ AG 63,330 154,031 Kapsch TrafficCom AG 449 25,355 Lenzing AG 773 138,297 Mayr Melnhof Karton AG 651 85,806 Oberbank AG 1,279 117,083 Oesterreichische Post AG 1,784 82,024 Palfinger AG 1,513 70,712 POLYTEC Holding AG 1,603 29,617 # Porr Ag 965 34,398 * Raiffeisen Bank International AG 8,639 254,589 RHI AG 2,919 110,141 Rosenbauer International AG 346 20,939 S IMMO AG 5,806 86,888 #* Schoeller-Bleckmann Oilfield Equipment AG 1,172 88,762 # Semperit AG Holding 1,085 33,146 Strabag SE 1,316 58,414 Telekom Austria AG 13,062 118,091 UNIQA Insurance Group AG 13,912 144,021 Verbund AG 4,002 79,164 Vienna Insurance Group AG Wiener Versicherung Gruppe 3,916 117,883 Wienerberger AG 10,988 252,593 Zumtobel Group AG 2,862 56,672 ----------- TOTAL AUSTRIA 3,191,039 ----------- BELGIUM -- (1.6%) #* Ablynx NV 4,354 65,915 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- BELGIUM -- (Continued) Ackermans & van Haaren NV 1,870 $ 338,077 * AGFA-Gevaert NV 15,370 71,663 Atenor 277 15,807 Banque Nationale de Belgique 20 68,977 Barco NV 1,156 115,782 Bekaert SA 3,353 162,177 bpost SA 6,213 170,088 #* Celyad SA 590 19,623 Cie d'Entreprises CFE 637 93,912 Cie Immobiliere de Belgique SA 426 26,528 D'ieteren SA 2,276 107,815 Deceuninck NV 6,500 26,556 * Econocom Group SA 14,168 108,276 Elia System Operator SA 2,587 151,709 Euronav NV 9,936 79,270 EVS Broadcast Equipment SA 1,783 72,348 # Exmar NV 2,768 16,250 #* Fagron 3,624 49,486 * Galapagos NV(B07Q2V5) 2,063 163,897 * Galapagos NV(B083BK7) 974 79,358 Gimv NV 1,205 76,244 Ion Beam Applications 1,765 62,597 # Kinepolis Group NV 1,251 71,881 # Lotus Bakeries 24 67,046 * MDxHealth 3,381 19,855 Melexis NV 1,525 131,189 #* Nyrstar NV 6,866 44,588 Ontex Group NV 5,574 191,154 Orange Belgium SA 2,853 70,369 Picanol 107 13,415 Recticel SA 4,845 38,193 Resilux 88 15,629 Roularta Media Group NV 455 11,777 Sioen Industries NV 775 26,910 Sipef SA 638 46,949 * Tessenderlo Group SA 2,976 130,652 * ThromboGenics NV 2,924 10,954 Umicore SA 6,669 535,401 Van de Velde NV 433 23,318 * Viohalco SA 9,200 30,101 ---------- TOTAL BELGIUM 3,621,736 ---------- CANADA -- (8.7%) * 5N Plus, Inc. 2,300 5,737 Absolute Software Corp. 4,400 28,057 Acadian Timber Corp. 500 7,379 * Advantage Oil & Gas, Ltd. 16,781 115,350 Aecon Group, Inc. 8,691 104,982 * Africa Oil Corp. 26,629 41,222 # Ag Growth International, Inc. 1,567 70,322 # AGF Management, Ltd. Class B 7,733 46,457 # AGT Food & Ingredients, Inc. 1,730 35,287 Aimia, Inc. 11,200 13,026 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) # AirBoss of America Corp. 2,200 $ 23,381 AKITA Drilling, Ltd. Class A 1,200 6,997 * Alacer Gold Corp. 30,833 51,440 Alamos Gold, Inc. Class A 21,890 155,031 # Alaris Royalty Corp. 3,325 60,113 Algoma Central Corp. 1,600 15,657 Algonquin Power & Utilities Corp. 15,449 165,178 * Alio Gold, Inc. 5,135 21,580 # Altius Minerals Corp. 6,900 62,373 Altus Group, Ltd. 3,100 63,554 * Amaya, Inc. 4,260 75,547 Andrew Peller, Ltd. Class A 2,700 24,039 * Argonaut Gold, Inc. 25,712 45,165 #* Asanko Gold, Inc. 12,801 16,017 #* Athabasca Oil Corp. 58,945 49,170 * ATS Automation Tooling Systems, Inc. 12,187 130,985 * AuRico Metals, Inc. 9,625 9,110 AutoCanada, Inc. 2,934 47,255 #* Avigilon Corp. 3,800 43,220 * B2Gold Corp. 64,014 160,709 # Badger Daylighting, Ltd. 2,653 56,348 #* Baytex Energy Corp. 20,339 57,098 #* Bellatrix Exploration, Ltd. 7,882 19,725 Birchcliff Energy, Ltd. 15,661 76,625 # Bird Construction, Inc. 3,138 21,319 # Black Diamond Group, Ltd. 2,510 5,355 * BlackPearl Resources, Inc. 31,370 24,910 BMTC Group, Inc. 850 8,011 Bonavista Energy Corp. 28,620 71,851 # Bonterra Energy Corp. 3,561 47,985 Boralex, Inc. Class A 10,000 178,624 BRP, Inc. 2,600 83,313 #* Calfrac Well Services, Ltd. 13,544 36,718 Calian Group, Ltd. 600 13,465 # Callidus Capital Corp. 1,150 14,011 Canaccord Genuity Group, Inc. 15,050 75,688 #* Canacol Energy, Ltd. 18,050 65,005 # Canadian Western Bank 10,908 244,976 * Canfor Corp. 6,700 112,424 Canfor Pulp Products, Inc. 3,143 29,772 # CanWel Building Materials Group, Ltd. 4,700 23,184 Capital Power Corp. 7,080 139,754 * Capstone Mining Corp. 44,912 43,228 Cara Operations, Ltd. 600 11,285 # Cardinal Energy, Ltd. 83 310 Cascades, Inc. 11,282 139,085 * Celestica, Inc. 20,795 247,188 Centerra Gold, Inc. 18,043 96,241 * Cequence Energy, Ltd. 13,468 1,890 CES Energy Solutions Corp. 14,133 72,210 * China Gold International Resources Corp., Ltd. 32,200 49,072 #* Chinook Energy, Inc. 6,624 1,753 # Cineplex, Inc. 3,452 136,142 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Clearwater Seafoods, Inc. 1,700 $ 15,190 Cogeco Communications, Inc. 1,302 90,960 Cogeco, Inc. 900 55,137 Colliers International Group, Inc. 2,646 142,514 Computer Modelling Group, Ltd. 13,262 100,735 #* Continental Gold, Inc. 2,700 7,341 #* Copper Mountain Mining Corp. 12,235 9,814 Corby Spirit and Wine, Ltd. 900 15,881 * Corridor Resources, Inc. 2,900 1,303 Corus Entertainment, Inc. Class B 9,396 104,304 # Cott Corp. 23,910 371,092 * Crew Energy, Inc. 22,528 73,362 * CRH Medical Corp. 6,100 20,011 #* Delphi Energy Corp. 16,088 15,872 #* Denison Mines Corp. 58,144 30,314 * Descartes Systems Group, Inc. (The) 10,575 265,319 * Detour Gold Corp. 7,200 90,552 # DHX Media, Ltd.(BRF12P5) 5,428 28,299 # DHX Media, Ltd.(BRF12N3) 4,500 23,425 #* DIRTT Environmental Solutions 3,800 18,105 Dominion Diamond Corp. 9,954 140,039 Dorel Industries, Inc. Class B 4,600 121,535 * Dundee Precious Metals, Inc. 18,655 39,352 E-L Financial Corp., Ltd. 104 70,237 ECN Capital Corp. 12,818 40,713 Eldorado Gold Corp. 80,469 170,394 Element Fleet Management Corp. 13,300 100,703 Enbridge Income Fund Holdings, Inc. 6,095 156,634 * Endeavour Mining Corp. 4,031 76,762 Enercare, Inc. 7,449 125,111 Enerflex, Ltd. 6,568 90,822 #* Energy Fuels, Inc. 5,331 9,492 Enerplus Corp. 15,151 136,714 Enghouse Systems, Ltd. 3,100 132,852 Ensign Energy Services, Inc. 19,500 104,323 # Equitable Group, Inc. 1,243 54,615 * Essential Energy Services Trust 11,693 5,627 Evertz Technologies, Ltd. 2,402 34,197 # Exchange Income Corp. 2,943 68,078 Exco Technologies, Ltd. 2,400 21,329 # Extendicare, Inc. 9,010 68,582 Fiera Capital Corp. 4,200 48,510 Finning International, Inc. 800 16,099 # Firm Capital Mortgage Investment Corp. 2,800 30,431 #* First Majestic Silver Corp. 9,364 77,060 # First National Financial Corp. 1,280 25,667 FirstService Corp. 2,646 170,528 #* Fission Uranium Corp. 33,000 18,528 * Fortuna Silver Mines, Inc. 25,900 129,422 # Freehold Royalties, Ltd. 9,300 106,073 Gamehost, Inc. 2,000 14,887 # Genworth MI Canada, Inc. 4,070 118,729 Gibson Energy, Inc. 8,625 112,279 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) * Glacier Media, Inc. 1,800 $ 895 Gluskin Sheff + Associates, Inc. 3,294 44,836 * GMP Capital, Inc. 2,541 6,114 #* Golden Star Resources, Ltd. 31,073 21,185 * Gran Tierra Energy, Inc. 34,593 81,297 Granite Oil Corp. 3,233 12,006 * Great Canadian Gaming Corp. 7,700 149,831 #* Great Panther Silver, Ltd. 9,200 11,954 Guardian Capital Group, Ltd. Class A 2,600 56,306 * Guyana Goldfields, Inc. 8,829 34,063 * Heroux-Devtek, Inc. 3,700 39,382 High Liner Foods, Inc. 2,300 31,269 # Home Capital Group, Inc. 6,300 69,733 Horizon North Logistics, Inc. 22,417 23,734 HudBay Minerals, Inc. 26,392 204,912 # Hudson's Bay Co. 4,700 40,224 * IAMGOLD Corp. 58,100 313,626 #* Imperial Metals Corp. 5,000 15,320 * Indigo Books & Music, Inc. 500 6,236 Innergex Renewable Energy, Inc. 9,210 108,075 * Interfor Corp. 5,200 80,956 * International Tower Hill Mines, Ltd. 1,260 657 Intertape Polymer Group, Inc. 9,144 176,243 * Ivanhoe Mines, Ltd. Class A 49,600 195,735 Jean Coutu Group PJC, Inc. (The) Class A 7,700 128,338 Just Energy Group, Inc. 10,855 58,247 K-Bro Linen, Inc. 700 22,599 * Kelt Exploration, Ltd. 9,188 49,302 * Kinaxis, Inc. 1,050 67,535 * Kingsway Financial Services, Inc. 600 3,658 Kirkland Lake Gold, Ltd. 14,205 147,205 * Klondex Mines, Ltd. 24,674 78,569 * Knight Therapeutics, Inc. 11,310 86,089 # Labrador Iron Ore Royalty Corp. 5,200 71,822 Laurentian Bank of Canada 6,100 265,039 Leon's Furniture, Ltd. 2,400 34,727 Linamar Corp. 4,630 253,754 # Liquor Stores N.A., Ltd. 2,666 21,405 Lucara Diamond Corp. 44,600 95,872 # MacDonald Dettwiler & Associates, Ltd. 3,472 196,916 Magellan Aerospace Corp. 1,400 22,357 #* Mainstreet Equity Corp. 300 9,021 Mainstreet Health Investments, Inc. 1,700 15,640 * Major Drilling Group International, Inc. 10,973 72,523 # Mandalay Resources Corp. 31,100 9,728 * Manitok Energy, Inc. 1,173 80 Maple Leaf Foods, Inc. 7,540 208,405 Martinrea International, Inc. 13,933 112,537 * Maxim Power Corp. 1,300 2,815 Medical Facilities Corp. 3,200 33,469 #* MEG Energy Corp. 20,593 84,569 Melcor Developments, Ltd. 500 5,755 * Mitel Networks Corp. 9,680 82,456 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Morguard Corp. 400 $ 55,190 Morneau Shepell, Inc. 3,901 64,675 MTY Food Group, Inc. 2,300 86,816 Mullen Group, Ltd. 9,051 115,864 * Nautilus Minerals, Inc. 12,961 2,183 Nevsun Resources, Ltd. 32,682 88,340 New Flyer Industries, Inc. 5,010 204,258 * New Gold, Inc. 61,280 204,963 #* Newalta Corp. 5,065 5,159 Norbord, Inc. 6,210 220,413 North American Energy Partners, Inc. 1,500 6,316 North West Co., Inc. (The) 4,181 102,416 # Northland Power, Inc. 8,254 153,726 * Novelion Therapeutics, Inc. 1,160 10,498 * NuVista Energy, Ltd. 29,960 153,555 * Obsidian Energy, Ltd. 50,277 59,280 OceanaGold Corp. 30,853 84,386 Osisko Gold Royalties, Ltd. 6,694 85,955 #* Painted Pony Energy, Ltd. 9,134 33,334 Pan American Silver Corp. 15,858 267,109 #* Paramount Resources, Ltd. Class A 6,886 110,353 * Parex Resources, Inc. 11,740 144,449 Parkland Fuel Corp. 5,859 125,709 Pason Systems, Inc. 6,503 94,931 #* Pengrowth Energy Corp. 63,899 48,177 * PHX Energy Services Corp. 3,600 5,948 # Pizza Pizza Royalty Corp. 2,100 28,247 #* Platinum Group Metals, Ltd. 6,169 4,503 * Point Loma Resources, Ltd. 69 20 Polaris Infrastructure, Inc. 2,100 28,651 #* PolyMet Mining Corp. 10,894 7,427 * Precision Drilling Corp. 31,890 92,594 Premium Brands Holdings Corp. 1,330 96,042 #* Pretium Resources, Inc. 8,100 77,833 #* Primero Mining Corp. 19,303 6,967 Pure Technologies, Ltd. 2,800 11,297 Quarterhill, Inc. 10,900 15,649 #* Questerre Energy Corp. Class A 6,950 4,125 * Raging River Exploration, Inc. 12,900 82,672 Reitmans Canada, Ltd. Class A 4,500 16,495 Richelieu Hardware, Ltd. 5,280 137,765 * Richmont Mines, Inc. 9,977 83,145 * RMP Energy, Inc. 11,827 5,692 # Rogers Sugar, Inc. 7,200 37,018 Russel Metals, Inc. 10,500 210,042 #* Sabina Gold & Silver Corp. 23,819 43,177 * Sandstorm Gold, Ltd. 13,700 56,481 Sandvine Corp. 13,900 48,833 Secure Energy Services, Inc. 13,624 102,938 * SEMAFO, Inc. 40,300 97,295 ShawCor, Ltd. 4,801 107,592 * Sherritt International Corp. 27,937 19,271 # Sienna Senior Living, Inc. 4,271 58,888 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) * Sierra Metals, Inc. 100 $ 241 #* Sierra Wireless, Inc. 5,200 153,112 * Silver Standard Resources, Inc. 19,506 189,623 Sleep Country Canada Holdings, Inc. 1,100 33,465 * Solium Capital, Inc. 2,100 16,322 * Spartan Energy Corp. 7,900 40,490 * Spin Master Corp. 400 12,262 Sprott, Inc. 12,583 23,112 Stantec, Inc. 5,745 146,165 Stella-Jones, Inc. 6,400 223,968 #* Stornoway Diamond Corp. 37,400 23,698 # Stuart Olson, Inc. 1,045 4,459 # Student Transportation, Inc. 5,497 32,363 * SunOpta, Inc. 8,443 80,587 Superior Plus Corp. 13,614 119,351 # Surge Energy, Inc. 27,498 47,861 * Taseko Mines, Ltd. 35,100 52,365 #* Tembec, Inc. 1,115 4,060 * Teranga Gold Corp. 7,800 19,958 TFI International, Inc. 5,451 128,148 * Theratechnologies, Inc. 2,300 14,389 # Timbercreek Financial Corp. 3,900 29,342 #* TMAC Resources, Inc. 1,187 10,330 TMX Group, Ltd. 2,699 143,095 TORC Oil & Gas, Ltd. 8,774 39,481 * Torex Gold Resources, Inc. 5,210 94,986 Toromont Industries, Ltd. 8,251 306,348 # Torstar Corp. Class B 4,700 5,504 Total Energy Services, Inc. 5,261 51,056 TransAlta Corp. 20,200 131,723 # TransAlta Renewables, Inc. 6,736 78,990 Transcontinental, Inc. Class A 10,005 203,992 * TransGlobe Energy Corp. 6,000 8,181 #* Trevali Mining Corp. 31,500 32,593 * Trican Well Service, Ltd. 41,574 121,713 Tricon Capital Group, Inc. 6,100 51,374 #* Trilogy Energy Corp. 5,469 23,205 * Trinidad Drilling, Ltd. 40,764 58,526 * TVA Group, Inc. Class B 1,200 3,263 # Uni-Select, Inc. 4,278 99,851 #* UrtheCast Corp. 16,000 14,373 # Valener, Inc. 3,700 63,984 Veresen, Inc. 19,388 283,181 Wajax Corp. 1,263 23,756 * Wesdome Gold Mines, Ltd. 9,279 18,309 West Fraser Timber Co., Ltd. 3,800 201,925 * Western Energy Services Corp. 4,624 5,341 Western Forest Products, Inc. 41,030 81,616 WestJet Airlines, Ltd. 1,600 31,891 * Westport Fuel Systems, Inc. 4,800 8,278 Westshore Terminals Investment Corp. 3,842 72,726 Whitecap Resources, Inc. 28,701 212,020 Winpak, Ltd. 3,000 128,807 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- CANADA -- (Continued) * Xtreme Drilling Corp. 813 $ 1,304 Yamana Gold, Inc. 16,600 43,273 #* Yellow Pages, Ltd. 2,040 10,701 ZCL Composites, Inc. 4,000 42,607 * Zenith Capital Corp. 1,300 84 ----------- TOTAL CANADA 20,098,170 ----------- CHINA -- (0.0%) BEP International Holdings, Ltd. 980,000 25,799 * KuangChi Science, Ltd. 73,000 25,593 ----------- TOTAL CHINA 51,392 ----------- DENMARK -- (1.7%) ALK-Abello A.S. 603 95,041 Alm Brand A.S. 7,780 77,993 Ambu A.S. Class B 2,017 131,336 * Bang & Olufsen A.S. 4,215 73,751 #* Bavarian Nordic A.S. 3,307 216,479 #* D/S Norden A.S. 3,399 67,430 DFDS A.S. 3,765 214,736 # FLSmidth & Co. A.S. 3,408 208,584 GN Store Nord A.S. 10,655 324,084 IC Group A.S. 310 7,086 * Jeudan A.S. 153 17,103 Jyske Bank A.S. 5,843 366,218 Matas A.S. 1,466 22,624 * NKT A.S. 3,029 266,081 NNIT A.S. 643 20,568 Nordjyske Bank A.S. 870 16,626 Parken Sport & Entertainment A.S. 400 5,519 Per Aarsleff Holding A.S. 1,870 46,644 Ringkjoebing Landbobank A.S. 2,050 107,928 Rockwool International A.S. Class A 232 50,003 Rockwool International A.S. Class B 664 151,112 Royal Unibrew A.S. 3,200 159,446 RTX A.S. 869 22,422 * Santa Fe Group A.S. 1,200 10,874 Schouw & Co. AB 969 106,404 SimCorp A.S. 4,078 254,989 Solar A.S. Class B 610 36,328 Spar Nord Bank A.S. 9,494 127,597 Sydbank A.S. 6,192 257,934 TDC A.S. 50,128 309,317 Tivoli A.S. 126 12,155 * TK Development A.S. 5,947 10,122 * Topdanmark A.S. 4,103 140,194 United International Enterprises 127 26,764 #* Vestjysk Bank A.S. 725 1,417 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- DENMARK -- (Continued) #* Zealand Pharma A.S. 1,917 $ 38,153 ---------- TOTAL DENMARK 4,001,062 ---------- FINLAND -- (2.1%) Ahlstrom-Munksjo Oyj 1,922 39,646 Aktia Bank Oyj 1,849 20,134 Alma Media Oyj 4,469 34,273 Amer Sports Oyj 9,341 250,910 Aspo Oyj 2,685 28,663 * BasWare Oyj 944 44,936 # Bittium Oyj 2,478 21,834 Cargotec Oyj Class B 2,714 165,697 #* Caverion Corp. 9,595 80,273 Citycon Oyj 41,650 113,345 Cramo Oyj 3,702 106,202 Elisa Oyj 9,007 370,790 F-Secure Oyj 8,209 37,295 Finnair Oyj 6,835 73,951 Fiskars Oyj Abp 3,846 96,616 HKScan Oyj Class A 1,550 5,539 Huhtamaki Oyj 7,365 285,399 Kemira Oyj 11,128 140,265 Kesko Oyj Class A 1,487 75,434 Kesko Oyj Class B 5,689 287,659 Konecranes Oyj 3,869 172,619 Lassila & Tikanoja Oyj 3,659 83,387 Lemminkainen Oyj 590 17,686 # Metsa Board Oyj 15,332 108,453 Metso Oyj 7,931 252,315 Nokian Renkaat Oyj 7,701 314,003 Olvi Oyj Class A 1,278 44,940 Oriola Oyj Class B 13,143 56,373 Orion Oyj Class A 2,049 103,913 Outokumpu Oyj 25,300 212,600 * Outotec Oyj 14,723 96,034 Ponsse Oy 1,180 34,236 * Poyry Oyj 3,314 18,967 Raisio Oyj Class V 9,632 40,341 Ramirent Oyj 7,197 71,740 Rapala VMC Oyj 1,900 8,932 Sanoma Oyj 10,553 98,023 # SRV Group OYJ 2,217 11,832 * Stockmann Oyj Abp Class A 1,299 11,252 * Stockmann Oyj Abp Class B 2,495 21,602 * Talvivaara Mining Co. P.L.C. 22,722 153 Technopolis Oyj 16,667 72,213 Tieto Oyj 5,057 160,429 Tikkurila Oyj 4,795 102,266 Uponor Oyj 4,164 67,234 Vaisala Oyj Class A 700 33,665 Valmet Oyj 10,858 197,925 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FINLAND -- (Continued) YIT Oyj 13,172 $ 111,858 ---------- TOTAL FINLAND 4,803,852 ---------- FRANCE -- (4.7%) ABC Arbitrage 3,745 27,147 * Air France-KLM 15,396 208,462 Akka Technologies 785 42,877 Albioma SA 2,166 50,895 Altamir 1,905 37,910 Alten SA 1,711 147,716 Altran Technologies SA 11,720 206,078 April SA 1,417 21,805 Assystem 808 30,993 Aubay 637 23,152 Axway Software SA 836 24,010 Beneteau SA 4,056 69,632 * Bigben Interactive 1,286 14,753 Boiron SA 603 56,488 Bonduelle SCA 1,714 65,860 # Bourbon Corp. 2,220 20,692 Burelle SA 18 25,474 * Cegedim SA 532 20,304 #* CGG SA 1,407 6,215 Chargeurs SA 1,921 55,710 Cie des Alpes 997 32,573 Cie Plastic Omnium SA 4,515 173,748 * Coface SA 10,006 94,614 Derichebourg SA 7,894 69,159 Devoteam SA 334 30,310 # Edenred 16,153 424,627 Electricite de Strasbourg SA 132 18,685 Elior Group 7,440 197,480 # Elis SA 3,248 78,532 * Eramet 664 41,916 * Esso SA Francaise 197 13,245 Euler Hermes Group 922 110,225 Euronext NV 4,035 235,804 Europcar Groupe SA 5,805 84,522 Eutelsat Communications SA 6,013 162,737 Exel Industries Class A 96 11,475 Faurecia 4,027 223,612 * Fnac Darty SA 1,311 124,247 * Fnac Darty SA 648 61,303 * Gaumont SA 129 13,469 Gaztransport Et Technigaz SA 2,233 106,432 GL Events 619 18,366 Groupe Crit 231 22,134 Groupe Eurotunnel SE 19,416 215,296 Groupe Open 355 10,592 Guerbet 488 43,918 Haulotte Group SA 1,014 17,850 Havas SA 14,560 159,470 HERIGE SADCS 186 8,500 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- FRANCE -- (Continued) * ID Logistics Group 172 $ 27,784 Imerys SA 2,352 203,882 # Ingenico Group SA 1,544 161,958 Interparfums SA 625 24,836 Ipsen SA 2,284 292,340 IPSOS 3,707 128,021 Jacquet Metal Service 1,426 39,852 Kaufman & Broad SA 236 10,226 Korian SA 3,572 118,105 Lagardere SCA 8,939 293,696 Laurent-Perrier 195 17,660 Le Belier 216 11,649 Le Noble Age 809 47,893 Lectra 1,847 53,120 Linedata Services 187 10,893 LISI 2,061 99,361 Maisons France Confort SA 186 13,644 Manitou BF SA 1,600 56,110 Manutan International 508 52,238 Mersen SA 1,560 57,639 Metropole Television SA 3,670 88,797 MGI Coutier 768 30,891 #* Naturex 661 67,091 Neopost SA 3,741 171,544 Nexans SA 3,061 175,347 Nexity SA 3,084 165,413 #* Nicox 2,438 35,521 * NRJ Group 2,200 29,119 Oeneo SA 1,489 16,599 #* Onxeo SA 4,614 22,073 Orpea 2,801 321,199 #* Parrot SA 787 9,345 * Pierre & Vacances SA 633 35,380 Plastivaloire 640 16,460 Rallye SA 3,323 70,621 #* Recylex SA 1,500 16,432 Rexel SA 25,457 403,123 Robertet SA 95 45,547 Rothschild & Co. 1,757 65,346 Rubis SCA 6,490 413,102 Samse SA 132 23,158 Sartorius Stedim Biotech 1,836 130,819 Savencia SA 669 66,538 Seche Environnement SA 288 11,250 * Societe des Bains de Mer et du Cercle des Etrangers a Monaco 283 11,043 Societe pour l'Informatique Industrielle 216 5,747 * SOITEC 1,888 119,890 * Solocal Group 54,046 54,400 Somfy SA 1,060 100,447 Sopra Steria Group 1,069 184,868 SPIE SA 4,548 127,833 * Stallergenes Greer P.L.C. 209 8,883 * Ste Industrielle d'Aviation Latecoere SA 7,938 40,857 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- FRANCE -- (Continued) Stef SA 287 $ 31,899 Sword Group 702 28,831 Synergie SA 659 31,225 Tarkett SA 2,054 85,039 Technicolor SA 17,993 65,412 Teleperformance 3,757 523,473 Television Francaise 1 10,205 149,316 Tessi SA 66 12,093 TFF Group 88 15,860 Thermador Groupe 260 28,627 Total Gabon 25 3,945 Trigano SA 1,013 133,212 * Ubisoft Entertainment SA 6,345 401,483 #* Vallourec SA 29,564 174,889 #* Valneva SE 5,324 18,532 Vetoquinol SA 354 22,000 Vicat SA 1,780 130,038 VIEL & Cie SA 4,347 30,015 Vilmorin & Cie SA 627 55,287 * Virbac SA 455 81,210 * Worldline SA 1,910 77,625 ----------- TOTAL FRANCE 10,866,615 ----------- GERMANY -- (5.4%) Aareal Bank AG 5,063 211,170 #* ADLER Real Estate AG 2,667 41,801 ADO Properties SA 245 11,059 #* ADVA Optical Networking SE 5,097 38,819 #* AIXTRON SE 8,383 74,599 Amadeus Fire AG 465 42,951 Aurubis AG 2,557 227,632 Axel Springer SE 2,531 160,716 Bauer AG 1,120 31,058 BayWa AG 1,355 50,142 Bechtle AG 2,564 184,559 Bertrandt AG 351 33,428 Bijou Brigitte AG 274 18,971 # Bilfinger SE 2,693 110,038 * Biotest AG 1,179 38,382 Borussia Dortmund GmbH & Co. KGaA 3,857 27,277 # CANCOM SE 1,419 93,320 Carl Zeiss Meditec AG 2,614 139,963 CENTROTEC Sustainable AG 1,248 27,620 Cewe Stiftung & Co. KGAA 476 42,121 Comdirect Bank AG 2,500 31,531 CompuGroup Medical SE 2,314 137,853 * Constantin Medien AG 3,300 7,260 CropEnergies AG 2,141 23,024 CTS Eventim AG & Co. KGaA 2,848 132,006 # Delticom AG 212 3,884 Deutsche Beteiligungs AG 1,347 63,459 # Deutsche EuroShop AG 3,286 136,845 Deutsche Pfandbriefbank AG 5,659 74,563 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- GERMANY -- (Continued) Deutz AG 12,197 $ 90,548 * Dialog Semiconductor P.L.C. 5,170 225,294 DIC Asset AG 4,013 43,277 Diebold Nixdorf AG 184 15,662 DMG Mori AG 2,097 123,842 Draegerwerk AG & Co. KGaA 152 12,367 Drillisch AG 2,679 179,210 Duerr AG 1,588 193,477 Eckert & Ziegler AG 388 16,426 Elmos Semiconductor AG 624 15,212 ElringKlinger AG 2,610 45,529 * Evotec AG 6,909 99,557 # Fielmann AG 1,483 119,106 Fraport AG Frankfurt Airport Services Worldwide 2,645 264,868 Freenet AG 8,771 296,064 Fuchs Petrolub SE 2,381 125,246 Gerresheimer AG 1,966 162,250 # Gerry Weber International AG 2,328 29,703 Gesco AG 745 23,616 GFT Technologies SE 1,914 35,579 Grammer AG 1,330 75,566 GRENKE AG 900 77,743 * H&R GmbH & Co. KGaA 619 8,425 Hamburger Hafen und Logistik AG 2,121 59,319 * Hapag-Lloyd AG 256 10,122 #* Heidelberger Druckmaschinen AG 17,995 61,273 Hella KGaA Hueck & Co. 1,957 103,481 Hornbach Baumarkt AG 1,015 37,731 Hugo Boss AG 4,037 304,504 Indus Holding AG 2,104 157,475 Isra Vision AG 280 51,275 Jenoptik AG 5,015 138,173 # K+S AG 12,599 327,614 Kloeckner & Co. SE 11,414 126,197 Koenig & Bauer AG 1,126 88,209 * Kontron AG 3,829 15,769 Krones AG 1,070 133,128 KSB AG 31 17,536 KWS Saat SE 187 75,964 Lanxess AG 6,091 469,701 LEG Immobilien AG 3,785 363,948 Leifheit AG 754 29,861 Leoni AG 3,152 186,436 #* Manz AG 281 11,150 MLP AG 5,697 41,730 MTU Aero Engines AG 3,006 440,541 Nemetschek SE 2,828 219,453 Nexus AG 1,142 35,138 #* Nordex SE 4,088 55,818 Norma Group SE 1,997 121,105 OSRAM Licht AG 5,316 443,005 paragon AG 263 19,102 * Patrizia Immobilien AG 4,176 75,441 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- GERMANY -- (Continued) Pfeiffer Vacuum Technology AG 720 $ 122,098 PNE Wind AG 6,074 19,027 Puma SE 210 84,188 QIAGEN NV 9,718 322,347 # QSC AG 8,683 19,087 Rational AG 178 111,773 Rheinmetall AG 2,860 285,399 # RHOEN-KLINIKUM AG 3,559 111,999 # RIB Software SE 2,275 40,642 # S&T AG 4,166 72,825 SAF-Holland SA 4,741 83,770 Salzgitter AG 3,612 162,051 * Schaltbau Holding AG 277 12,141 SHW AG 529 22,279 * Siltronic AG 755 82,100 Sixt Leasing SE 455 10,779 # Sixt SE 1,196 84,542 # SMA Solar Technology AG 1,123 40,727 Software AG 3,599 157,359 Stabilus SA 1,777 147,764 # Stada Arzneimittel AG 4,467 347,798 Stroeer SE & Co. KGaA 1,864 120,173 Suedzucker AG 6,873 146,693 #* Suess MicroTec AG 2,434 35,182 Surteco SE 689 20,329 TAG Immobilien AG 10,009 164,236 Takkt AG 2,567 63,032 Technotrans AG 637 31,338 * Tele Columbus AG 2,084 23,919 TLG Immobilien AG 4,319 93,673 * Tom Tailor Holding SE 3,567 29,917 Uniper SE 1,423 29,327 VERBIO Vereinigte BioEnergie AG 2,533 28,811 * Vossloh AG 879 58,463 # VTG AG 1,166 58,456 Wacker Chemie AG 1,113 138,128 Wacker Neuson SE 2,722 73,074 Washtec AG 877 70,372 XING AG 282 82,873 Zeal Network SE 472 13,010 ----------- TOTAL GERMANY 12,336,518 ----------- HONG KONG -- (2.7%) #* 13 Holdings, Ltd. (The) 49,500 6,469 Alco Holdings, Ltd. 20,000 5,168 Allied Group, Ltd. 13,600 83,176 Allied Properties HK, Ltd. 219,416 47,984 * APAC Resources, Ltd. 6,569 840 APT Satellite Holdings, Ltd. 43,500 21,458 Asia Financial Holdings, Ltd. 54,874 30,051 Asia Satellite Telecommunications Holdings, Ltd. 11,500 11,765 Asia Standard International Group, Ltd. 98,940 28,720 Asian Growth Properties, Ltd. 48,184 17,467 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------- HONG KONG -- (Continued) Associated International Hotels, Ltd. 28,000 $86,026 Bonjour Holdings, Ltd. 61,600 2,956 # Bright Smart Securities & Commodities Group, Ltd. 20,000 5,904 * Brightoil Petroleum Holdings, Ltd. 314,000 81,592 * Brockman Mining, Ltd. 256,330 3,775 Cafe de Coral Holdings, Ltd. 30,000 96,561 Century City International Holdings, Ltd. 43,340 4,099 * Champion Technology Holdings, Ltd. 88,591 1,325 Chen Hsong Holdings 30,000 9,226 Chevalier International Holdings, Ltd. 4,000 6,681 * China Energy Development Holdings, Ltd. 162,000 1,908 * China Ever Grand Financial Leasing Group Co., Ltd. 510,000 4,048 #* China LNG Group, Ltd. 2,780,000 44,484 China Motor Bus Co., Ltd. 1,600 20,986 * China Soft Power Technology Holdings, Ltd. 32,290 491 * China Strategic Holdings, Ltd. 1,321,250 17,751 # Chinese Estates Holdings, Ltd. 34,000 57,168 Chong Hing Bank, Ltd. 11,000 22,433 Chow Sang Sang Holdings International, Ltd. 27,000 63,048 Chuang's Consortium International, Ltd. 56,000 13,038 CITIC Telecom International Holdings, Ltd. 207,000 63,020 CK Life Sciences Intl Holdings, Inc. 352,000 28,798 # CMBC Capital Holdings, Ltd. 500,000 24,005 #* Convoy Global Holdings, Ltd. 516,000 11,685 * CP Lotus Corp. 290,000 5,649 # Cross-Harbour Holdings, Ltd. (The) 30,658 46,548 CSI Properties, Ltd. 509,543 27,063 Dah Sing Banking Group, Ltd. 38,528 82,512 # Dah Sing Financial Holdings, Ltd. 13,006 92,029 Dickson Concepts International, Ltd. 14,500 5,474 Emperor Capital Group, Ltd. 270,000 24,155 Emperor Entertainment Hotel, Ltd. 40,000 10,495 Emperor International Holdings, Ltd. 100,333 38,772 * Emperor Watch & Jewellery, Ltd. 210,000 9,142 * Enerchina Holdings, Ltd. 783,000 18,597 * Esprit Holdings, Ltd. 149,550 73,688 # Fairwood Holdings, Ltd. 5,000 20,676 Far East Consortium International, Ltd. 161,876 89,248 # FIH Mobile, Ltd. 201,000 67,159 First Pacific Co., Ltd. 96,000 71,846 Fountain SET Holdings, Ltd. 28,000 3,690 * Freeman FinTech Corp., Ltd. 620,000 39,658 * Future World Financial Holdings, Ltd. 8,383 144 * G-Resources Group, Ltd. 2,577,000 33,645 #* GCL New Energy Holdings, Ltd. 830,000 38,218 Get Nice Financial Group, Ltd. 16,275 2,665 Get Nice Holdings, Ltd. 651,000 22,895 Giordano International, Ltd. 108,000 60,099 * Global Brands Group Holding, Ltd. 496,000 46,936 Glorious Sun Enterprises, Ltd. 72,000 8,394 #* Gold-Finance Holdings, Ltd. 40,000 8,234 Goodbaby International Holdings, Ltd. 61,000 29,893 * Grande Holdings, Ltd. (The) 28,000 1,021 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) Great Eagle Holdings, Ltd. 17,225 $ 94,460 Guoco Group, Ltd. 2,000 23,447 # Guotai Junan International Holdings, Ltd. 254,400 78,320 # Haitong International Securities Group, Ltd. 180,967 104,295 Hanison Construction Holdings, Ltd. 27,198 5,321 * Hao Tian Development Group, Ltd. 400,399 13,307 Harbour Centre Development, Ltd. 13,500 25,247 HKBN, Ltd. 76,000 75,123 * HKR International, Ltd. 74,533 41,387 Hong Kong Aircraft Engineering Co., Ltd. 2,400 16,738 Hong Kong Ferry Holdings Co., Ltd. 23,000 26,847 * Hong Kong Television Network, Ltd. 32,239 11,054 # Hongkong & Shanghai Hotels, Ltd. (The) 54,000 95,989 # Hongkong Chinese, Ltd. 90,000 16,476 Hopewell Holdings, Ltd. 51,166 195,698 #* Hsin Chong Group Holdings, Ltd. 214,000 7,192 Hung Hing Printing Group, Ltd. 29,815 6,332 Hutchison Telecommunications Hong Kong Holdings, Ltd. 118,000 45,279 IGG, Inc. 92,000 154,768 * Imagi International Holdings, Ltd. 22,800 1,776 IT, Ltd. 54,000 26,939 ITC Properties Group, Ltd. 30,000 11,705 Johnson Electric Holdings, Ltd. 29,375 104,381 Kerry Logistics Network, Ltd. 61,000 87,718 * Kong Sun Holdings, Ltd. 75,000 3,257 Kowloon Development Co., Ltd. 41,000 45,164 L'Occitane International SA 32,250 74,553 Lai Sun Development Co., Ltd. 885,416 32,827 Lai Sun Garment International, Ltd. 45,000 19,818 * Landing International Development, Ltd. 4,710,000 54,191 # Li & Fung, Ltd. 146,000 53,408 Lifestyle International Holdings, Ltd. 55,000 74,855 Lippo China Resources, Ltd. 586,000 20,993 Liu Chong Hing Investment, Ltd. 18,000 29,759 Luk Fook Holdings International, Ltd. 30,000 110,147 Lung Kee Bermuda Holdings 26,000 12,078 #* Macau Legend Development, Ltd. 293,000 50,570 Magnificent Hotel Investment, Ltd. 336,000 9,757 Man Wah Holdings, Ltd. 127,200 109,799 * Mason Group Holdings, Ltd. 2,129,598 28,313 # Master Glory Group, Ltd. 660,000 9,022 Melco International Development, Ltd. 60,000 141,780 #* Midland Holdings, Ltd. 60,000 15,957 * Midland IC&I, Ltd. 30,000 1,515 Ming Fai International Holdings, Ltd. 44,000 6,924 Miramar Hotel & Investment 20,000 45,818 Modern Dental Group, Ltd. 43,000 16,496 #* Mongolian Mining Corp. 171,249 6,037 NagaCorp, Ltd. 146,000 88,994 * NetMind Financial Holdings, Ltd. 2,064,000 9,767 * New Times Energy Corp., Ltd. 52,200 1,650 * Newocean Energy Holdings, Ltd. 110,000 32,514 * Next Digital, Ltd. 38,000 1,850 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- HONG KONG -- (Continued) * O Luxe Holdings, Ltd. 45,000 $ 8,347 # OP Financial Investments, Ltd. 76,000 25,183 * Orange Sky Golden Harvest Entertainment Holdings, Ltd. 115,000 14,565 * Orient Overseas International, Ltd. 19,500 181,475 Oriental Watch Holdings 14,000 2,954 * Pacific Andes International Holdings, Ltd. 126,000 442 #* Pacific Basin Shipping, Ltd. 402,000 87,837 Pacific Textiles Holdings, Ltd. 64,000 72,378 Paliburg Holdings, Ltd. 26,000 11,110 #* Paradise Entertainment, Ltd. 40,000 5,226 Pico Far East Holdings, Ltd. 96,000 39,569 Playmates Toys, Ltd. 60,000 10,210 Polytec Asset Holdings, Ltd. 30,000 2,592 Public Financial Holdings, Ltd. 24,000 11,149 * PYI Corp., Ltd. 169,839 3,737 Regal Hotels International Holdings, Ltd. 29,000 22,713 # Regina Miracle International Holdings, Ltd. 27,000 23,778 #* Rentian Technology Holdings, Ltd. 400,000 19,452 SA SA International Holdings, Ltd. 119,777 43,996 SEA Holdings, Ltd. 38,000 44,747 # Shenwan Hongyuan HK, Ltd. 25,000 9,421 Shun Ho Property Investments, Ltd. 5,544 2,185 * Shun Tak Holdings, Ltd. 130,000 56,063 Sing Tao News Corp., Ltd. 14,000 1,809 * Singamas Container Holdings, Ltd. 132,000 18,909 SITC International Holdings Co., Ltd. 119,000 99,005 SmarTone Telecommunications Holdings, Ltd. 34,000 44,651 * SOCAM Development, Ltd. 28,127 8,527 * Solartech International Holdings, Ltd. 160,000 10,442 * Solomon Systech International, Ltd. 58,000 2,638 Soundwill Holdings, Ltd. 4,000 10,026 Stella International Holdings, Ltd. 55,000 94,268 #* Summit Ascent Holdings, Ltd. 92,000 20,819 Sun Hung Kai & Co., Ltd. 50,464 33,326 TAI Cheung Holdings, Ltd. 37,000 40,342 Tao Heung Holdings, Ltd. 17,000 3,526 Television Broadcasts, Ltd. 32,000 117,138 # Texwinca Holdings, Ltd. 78,000 47,320 * Tom Group, Ltd. 130,000 31,975 # Town Health International Medical Group, Ltd. 112,000 8,462 Transport International Holdings, Ltd. 22,800 76,893 * Trinity, Ltd. 58,000 3,341 * TSC Group Holdings, Ltd. 39,000 3,444 #* United Laboratories International Holdings, Ltd. (The) 45,000 28,204 Upbest Group, Ltd. 148,000 23,156 # Value Partners Group, Ltd. 20,000 18,582 Varitronix International, Ltd. 20,009 10,684 Victory City International Holdings, Ltd. 36,937 1,252 # Vitasoy International Holdings, Ltd. 62,000 132,492 VST Holdings, Ltd. 57,600 15,288 VTech Holdings, Ltd. 13,200 190,929 Wai Kee Holdings, Ltd. 52,000 23,584 Wing On Co. International, Ltd. 14,000 47,232 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- HONG KONG -- (Continued) Wing Tai Properties, Ltd. 6,000 $ 4,106 Xinyi Glass Holdings, Ltd. 154,000 159,128 * Yat Sing Holdings, Ltd. 30,000 13,982 # Yeebo International Holdings, Ltd. 24,000 13,169 YGM Trading, Ltd. 4,000 3,614 ---------- TOTAL HONG KONG 6,341,655 ---------- IRELAND -- (0.5%) C&C Group P.L.C. 30,388 110,067 Datalex P.L.C. 874 3,903 * FBD Holdings P.L.C.(4330231) 1,355 13,556 * FBD Holdings P.L.C.(0329028) 1,308 12,968 Glanbia P.L.C. 13,155 272,325 Irish Continental Group P.L.C.(BLP5857) 8,843 56,178 Irish Continental Group P.L.C.(BLP59W1) 3,760 24,055 * Kenmare Resources P.L.C. 255 853 Kingspan Group P.L.C.(0492793) 5,394 180,130 Kingspan Group P.L.C.(4491235) 4,841 161,248 Smurfit Kappa Group P.L.C. 11,828 351,777 ---------- TOTAL IRELAND 1,187,060 ---------- ISRAEL -- (0.9%) * ADO Group, Ltd. 1,623 22,811 * Africa Israel Investments, Ltd. 2,681 205 * Africa Israel Properties, Ltd. 1,216 24,214 * Airport City, Ltd. 5,827 76,991 * Allot Communications, Ltd. 3,228 16,045 Alrov Properties and Lodgings, Ltd. 487 14,008 Amot Investments, Ltd. 10,843 57,554 * AudioCodes, Ltd. 2,455 16,729 Bayside Land Corp. 53 22,818 Big Shopping Centers, Ltd. 347 24,309 Blue Square Real Estate, Ltd. 407 18,613 * Brack Capital Properties NV 620 61,803 Carasso Motors, Ltd. 2,404 22,639 * Cellcom Israel, Ltd. 5,134 47,663 * Ceragon Networks, Ltd. 3,211 7,455 * Clal Biotechnology Industries, Ltd. 4,323 4,587 * Clal Insurance Enterprises Holdings, Ltd. 2,083 33,726 * Compugen, Ltd. 3,299 12,993 Danel Adir Yeoshua, Ltd. 240 11,071 Delek Automotive Systems, Ltd. 4,148 34,297 Delta-Galil Industries, Ltd. 1,324 36,667 El Al Israel Airlines 28,107 26,744 Electra Consumer Products 1970, Ltd. 515 10,099 Electra, Ltd. 177 35,002 First International Bank Of Israel, Ltd. 3,594 65,597 FMS Enterprises Migun, Ltd. 266 9,876 Formula Systems 1985, Ltd. 809 29,676 Fox Wizel, Ltd. 516 10,704 * Gilat Satellite Networks, Ltd. 2,140 11,706 * Hadera Paper, Ltd. 146 8,922 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ISRAEL -- (Continued) Harel Insurance Investments & Financial Services, Ltd. 10,397 $ 61,825 Hilan, Ltd. 1,395 25,322 IDI Insurance Co., Ltd. 657 37,464 Inrom Construction Industries, Ltd. 3,693 17,060 * Israel Discount Bank, Ltd. Class A 18,996 48,970 * Jerusalem Oil Exploration 820 43,509 * Kamada, Ltd. 1,265 5,697 Kerur Holdings, Ltd. 357 10,086 Magic Software Enterprises, Ltd. 2,800 22,227 Matrix IT, Ltd. 3,427 35,220 Maytronics, Ltd. 2,871 10,260 * Mazor Robotics, Ltd. 1,564 31,259 #* Mazor Robotics, Ltd. Sponsored ADR 900 35,982 Mediterranean Towers, Ltd. 10,111 16,152 Mega Or Holdings, Ltd. 1,091 11,259 Melisron, Ltd. 1,608 81,971 Menora Mivtachim Holdings, Ltd. 3,053 37,008 Migdal Insurance & Financial Holding, Ltd. 34,652 35,546 * Naphtha Israel Petroleum Corp., Ltd. 4,099 27,924 Neto ME Holdings, Ltd. 95 9,284 * Nova Measuring Instruments, Ltd. 2,529 59,528 Oil Refineries, Ltd. 86,916 40,416 * Partner Communications Co., Ltd. 7,236 36,667 Paz Oil Co., Ltd. 483 80,638 * Phoenix Holdings, Ltd. (The) 4,361 18,551 Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. 415 19,761 Scope Metals Group, Ltd. 432 12,085 Shapir Engineering and Industry, Ltd. 6,358 21,236 Shikun & Binui, Ltd. 22,660 52,106 Shufersal, Ltd. 9,016 48,987 Strauss Group, Ltd. 2,777 53,180 Summit Real Estate Holdings, Ltd. 1,890 12,401 * Tower Semiconductor, Ltd. 6,254 166,348 ---------- TOTAL ISRAEL 2,001,453 ---------- ITALY -- (3.9%) A2A SpA 121,257 206,273 ACEA SpA 3,393 50,934 Amplifon SpA 9,533 136,644 Anima Holding SpA 22,298 180,960 * Ansaldo STS SpA 10,015 137,440 * Arnoldo Mondadori Editore SpA 16,088 33,513 Ascopiave SpA 10,073 41,277 # Astaldi SpA 5,928 39,376 Autogrill SpA 13,630 161,831 # Azimut Holding SpA 9,557 214,128 #* Banca Carige SpA 13,880 4,167 Banca Generali SpA 4,378 155,304 Banca IFIS SpA 2,374 111,413 Banca Mediolanum SpA 18,277 159,811 Banca Popolare di Sondrio SCPA 43,376 189,278 # Banca Profilo SpA 12,870 3,250 * Banco BPM SpA 94,023 342,451 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- ITALY -- (Continued) Banco di Desio e della Brianza SpA 5,000 $ 14,737 BasicNet SpA 3,790 17,719 Biesse SpA 1,093 41,653 BPER Banca 52,218 286,861 Brembo SpA 11,725 180,301 Brunello Cucinelli SpA 2,157 63,363 Buzzi Unicem SpA 4,611 116,780 # Cairo Communication SpA 3,961 18,448 * Caltagirone Editore SpA 3,000 4,266 Cementir Holding SpA 7,083 50,455 Cerved Information Solutions SpA 15,707 180,138 CIR-Compagnie Industriali Riunite SpA 43,661 64,977 Credito Emiliano SpA 9,212 79,460 #* Credito Valtellinese SpA 9,579 46,434 Danieli & C Officine Meccaniche SpA 1,158 29,829 Datalogic SpA 1,800 55,266 Davide Campari-Milano SpA 27,770 205,286 De' Longhi SpA 3,942 129,644 DeA Capital SpA 11,197 16,631 DiaSorin SpA 1,114 97,161 Ei Towers SpA 1,604 98,127 El.En. SpA 866 25,384 ERG SpA 7,232 103,342 Esprinet SpA 2,060 15,912 Falck Renewables SpA 15,017 22,547 Fila SpA 623 13,751 * Fincantieri SpA 73,654 87,025 FinecoBank Banca Fineco SpA 11,827 103,656 * GEDI Gruppo Editoriale SpA 7,849 7,286 # Geox SpA 8,460 33,574 Gruppo MutuiOnline SpA 1,137 18,170 Hera SpA 48,434 156,614 * IMMSI SpA 8,658 4,693 Industria Macchine Automatiche SpA 1,214 120,333 Infrastrutture Wireless Italiane SpA 21,569 139,284 #* Intek Group SpA 17,854 6,301 Interpump Group SpA 6,610 201,118 Iren SpA 67,680 172,228 Italgas SpA 33,023 181,816 Italmobiliare SpA 1,450 41,194 #* Juventus Football Club SpA 35,222 24,768 La Doria SpA 539 6,543 Maire Tecnimont SpA 9,016 50,582 MARR SpA 3,575 91,664 * Mediaset SpA 57,273 223,884 Moncler SpA 9,687 260,138 OVS SpA 12,808 96,886 Parmalat SpA 9,069 32,865 Piaggio & C SpA 17,026 47,266 Prima Industrie SpA 350 10,908 Prysmian SpA 12,247 391,731 RAI Way SpA 5,884 32,380 Reply SpA 480 101,482 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) #* Retelit SpA 11,003 $ 16,892 * Rizzoli Corriere Della Sera Mediagroup SpA 10,634 15,272 Sabaf SpA 217 3,916 SAES Getters SpA 616 12,937 * Safilo Group SpA 2,996 22,971 #* Saipem SpA 53,992 221,540 # Salini Impregilo SpA 21,276 74,736 # Salvatore Ferragamo SpA 3,890 112,757 Saras SpA 43,417 99,898 SAVE SpA 2,309 57,181 Sesa SpA 455 13,277 #* Snaitech SpA 12,340 23,878 Societa Cattolica di Assicurazioni SCRL 17,937 155,108 Societa Iniziative Autostradali e Servizi SpA 6,447 88,710 #* Sogefi SpA 3,015 15,293 SOL SpA 2,651 32,175 Tamburi Investment Partners SpA 7,645 51,311 * Tiscali SpA 110,959 5,313 # Tod's SpA 1,433 99,554 #* Trevi Finanziaria Industriale SpA 6,018 5,124 Unione di Banche Italiane SpA 81,705 394,723 Unipol Gruppo Finanziario SpA 39,687 185,802 UnipolSai Assicurazioni SpA 83,153 192,231 Vittoria Assicurazioni SpA 2,848 39,914 #* Yoox Net-A-Porter Group SpA 4,117 136,365 Zignago Vetro SpA 1,896 16,870 ---------- TOTAL ITALY 8,884,659 ---------- JAPAN -- (21.3%) 77 Bank, Ltd. (The) 32,000 164,980 #* Access Co., Ltd. 1,900 15,165 Achilles Corp. 1,300 22,901 Adastria Co., Ltd. 2,040 50,961 ADEKA Corp. 5,600 85,967 Advan Co., Ltd. 1,600 14,468 Aeon Delight Co., Ltd. 1,100 36,747 Aeon Fantasy Co., Ltd. 800 24,638 # Aeria, Inc. 400 11,715 Agro-Kanesho Co., Ltd. 900 12,300 Ahresty Corp. 700 7,127 # Ai Holdings Corp. 2,600 71,635 Aica Kogyo Co., Ltd. 3,000 96,271 Aichi Bank, Ltd. (The) 800 44,505 Aichi Corp. 2,400 17,010 Aichi Steel Corp. 1,500 62,777 Aichi Tokei Denki Co., Ltd. 300 10,300 Aida Engineering, Ltd. 4,000 40,458 Aiphone Co., Ltd. 1,100 19,421 Aisan Industry Co., Ltd. 4,170 37,245 Aizawa Securities Co., Ltd. 2,100 13,526 * Akebono Brake Industry Co., Ltd. 6,500 21,500 Akita Bank, Ltd. (The) 24,000 69,351 Albis Co., Ltd. 800 33,399 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Alconix Corp. 800 $ 15,821 Alpen Co., Ltd. 2,000 36,554 Alpha Corp. 500 11,105 Alpha Systems, Inc. 1,300 25,267 Alpine Electronics, Inc. 3,800 69,282 Alps Logistics Co., Ltd. 2,000 14,429 Altech Corp. 500 16,676 Amano Corp. 4,200 95,584 Amiyaki Tei Co., Ltd. 300 11,454 Amuse, Inc. 1,000 27,518 Anest Iwata Corp. 3,000 27,948 Anicom Holdings, Inc. 900 22,782 Anritsu Corp. 13,200 106,352 AOI Electronic Co., Ltd. 500 20,364 AOKI Holdings, Inc. 3,200 41,421 Aomori Bank, Ltd. (The) 17,000 59,472 Aoyama Trading Co., Ltd. 3,700 128,972 Arakawa Chemical Industries, Ltd. 1,800 31,625 # Arata Corp. 900 31,823 Arcland Sakamoto Co., Ltd. 3,000 41,067 Arcland Service Holdings Co., Ltd. 2,000 34,798 Arcs Co., Ltd. 3,600 77,853 # Ardepro Co., Ltd. 14,300 18,394 Argo Graphics, Inc. 1,100 26,874 Ariake Japan Co., Ltd. 900 64,522 Arisawa Manufacturing Co., Ltd. 5,100 43,419 Artnature, Inc. 1,000 6,446 As One Corp. 990 49,454 Asahi Co., Ltd. 800 9,621 Asahi Diamond Industrial Co., Ltd. 4,500 34,033 Asahi Holdings, Inc. 2,900 54,497 Asahi Kogyosha Co., Ltd. 600 18,083 Asahi Yukizai Corp. 3,000 7,148 Asanuma Corp. 8,000 24,505 Asatsu-DK, Inc. 2,700 69,209 # Ashimori Industry Co., Ltd. 3,000 9,563 Asia Pile Holdings Corp. 2,200 14,911 ASKA Pharmaceutical Co., Ltd. 2,000 29,935 ASKUL Corp. 1,100 33,710 # Asukanet Co., Ltd. 600 8,825 Asunaro Aoki Construction Co., Ltd. 1,800 15,442 # Ateam, Inc. 1,400 35,874 # Atom Corp. 9,000 64,323 Atsugi Co., Ltd. 15,000 16,739 Autobacs Seven Co., Ltd. 6,000 99,972 Avex Group Holdings, Inc. 4,300 56,545 Awa Bank, Ltd. (The) 14,000 91,948 Axial Retailing, Inc. 1,200 47,056 Bando Chemical Industries, Ltd. 5,100 52,182 Bank of Iwate, Ltd. (The) 2,000 77,849 Bank of Nagoya, Ltd. (The) 1,400 51,501 Bank of Okinawa, Ltd. (The) 2,160 85,282 Bank of Saga, Ltd. (The) 16,000 37,844 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Bank of the Ryukyus, Ltd. 3,600 $ 51,385 Belc Co., Ltd. 1,000 45,423 Bell System24 Holdings, Inc. 2,400 26,950 Belluna Co., Ltd. 6,900 79,345 Benefit One, Inc. 1,900 77,157 Bic Camera, Inc. 8,000 92,850 BML, Inc. 2,000 41,145 # Bookoff Corp. 1,000 7,330 Bourbon Corp. 500 11,879 Broadleaf Co., Ltd. 2,800 18,814 # BRONCO BILLY Co., Ltd. 1,100 27,075 Bunka Shutter Co., Ltd. 4,984 42,879 C Uyemura & Co., Ltd. 400 22,949 CAC Holdings Corp. 1,700 16,156 Can Do Co., Ltd. 1,000 15,475 Canon Electronics, Inc. 1,500 29,207 Capcom Co., Ltd. 2,200 54,494 Cawachi, Ltd. 1,300 32,085 Central Automotive Products, Ltd. 1,600 22,580 Central Glass Co., Ltd. 17,000 74,587 Central Security Patrols Co., Ltd. 900 16,542 Central Sports Co., Ltd. 400 16,980 Chiba Kogyo Bank, Ltd. (The) 7,400 38,161 Chilled & Frozen Logistics Holdings Co., Ltd. 1,100 13,089 Chiyoda Co., Ltd. 1,700 44,293 Chiyoda Corp. 11,000 66,068 Chiyoda Integre Co., Ltd. 1,900 40,806 Chofu Seisakusho Co., Ltd. 1,800 44,025 Chori Co., Ltd. 1,400 25,945 Chubu Shiryo Co., Ltd. 1,700 24,520 Chudenko Corp. 2,900 77,596 Chuetsu Pulp & Paper Co., Ltd. 8,000 16,681 * Chugai Mining Co., Ltd. 5,000 1,451 Chugai Ro Co., Ltd. 7,000 13,900 Chugoku Marine Paints, Ltd. 5,000 38,850 Chukyo Bank, Ltd. (The) 700 14,735 Chuo Spring Co., Ltd. 5,000 16,534 CI Takiron Corp. 3,000 16,340 Ci:z Holdings Co., Ltd. 1,400 50,346 Citizen Watch Co., Ltd. 17,800 132,346 CKD Corp. 4,700 78,746 Clarion Co., Ltd. 6,000 22,706 Cleanup Corp. 2,000 16,103 CMIC Holdings Co., Ltd. 600 8,334 CMK Corp. 3,900 34,865 Cocokara fine, Inc. 2,379 124,319 # COLOPL, Inc. 2,400 26,916 # Colowide Co., Ltd. 3,700 64,242 Computer Engineering & Consulting, Ltd. 1,500 29,094 Comture Corp. 100 4,581 CONEXIO Corp. 1,300 21,411 # COOKPAD, Inc. 3,000 25,692 Corona Corp. 1,300 13,637 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Cosel Co., Ltd. 1,600 $ 19,675 Cosmo Energy Holdings Co., Ltd. 4,700 81,439 Create Restaurants Holdings, Inc. 4,500 45,989 Create SD Holdings Co., Ltd. 2,400 60,726 Creek & River Co., Ltd. 1,700 20,999 Cresco, Ltd. 500 16,371 # CROOZ, Inc. 600 15,618 CTS Co., Ltd. 3,200 21,007 #* Cyberstep, Inc. 300 10,968 D.A. Consortium Holdings, Inc. 2,600 33,910 Dai Nippon Toryo Co., Ltd. 11,000 30,607 Dai-Dan Co., Ltd. 3,000 41,065 Dai-ichi Seiko Co., Ltd. 1,400 31,248 Daibiru Corp. 2,900 32,679 Daido Metal Co., Ltd. 3,000 26,889 Daido Steel Co., Ltd. 17,000 103,457 Daihen Corp. 11,000 98,063 Daiho Corp. 8,000 38,661 Daiichi Jitsugyo Co., Ltd. 4,000 23,210 Daiichi Kensetsu Corp. 1,100 13,377 Daiichi Kigenso Kagaku-Kogyo Co., Ltd. 2,500 30,165 Daiken Corp. 1,400 34,300 Daiki Aluminium Industry Co., Ltd. 3,000 18,431 # Daikoku Denki Co., Ltd. 900 13,989 Daikokutenbussan Co., Ltd. 500 24,795 Daikyo, Inc. 27,000 56,554 Daikyonishikawa Corp. 2,400 35,846 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 8,000 66,870 # Daio Paper Corp. 4,800 62,329 Daisan Bank, Ltd. (The) 2,000 31,099 Daiseki Co., Ltd. 2,130 50,588 Daishi Bank, Ltd. (The) 23,000 105,406 Daito Bank, Ltd. (The) 10,000 15,224 Daito Pharmaceutical Co., Ltd. 1,450 38,689 Daiwa Industries, Ltd. 3,000 34,214 Daiwabo Holdings Co., Ltd. 11,000 43,289 DCM Holdings Co., Ltd. 8,800 76,634 Denka Co., Ltd. 20,000 111,073 Denki Kogyo Co., Ltd. 8,000 41,091 Denyo Co., Ltd. 2,000 35,166 Descente, Ltd. 3,300 47,947 Dexerials Corp. 5,800 70,094 Digital Arts, Inc. 1,000 34,107 Dip Corp. 1,700 35,863 DKS Co., Ltd. 6,000 28,986 DMG Mori Co., Ltd. 8,000 132,709 Doshisha Co., Ltd. 3,500 70,509 Doutor Nichires Holdings Co., Ltd. 2,212 48,887 Dowa Holdings Co., Ltd. 15,000 121,100 * Drecom Co., Ltd. 1,200 15,884 DTS Corp. 2,500 76,318 Duskin Co., Ltd. 2,700 73,297 # DyDo Group Holdings, Inc. 900 44,636 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # E-Guardian, Inc. 1,100 $ 23,002 Eagle Industry Co., Ltd. 2,000 34,809 Earth Chemical Co., Ltd. 900 49,929 # EDION Corp. 6,100 56,203 eGuarantee, Inc. 800 18,818 Ehime Bank, Ltd. (The) 3,800 48,019 Eighteenth Bank, Ltd. (The) 16,000 42,586 Eiken Chemical Co., Ltd. 2,000 66,219 Eizo Corp. 1,500 60,140 Elecom Co., Ltd. 1,100 23,737 Elematec Corp. 900 16,327 EM Systems Co., Ltd. 300 6,944 en-japan, Inc. 1,600 45,877 #* Eneres Co., Ltd. 2,000 9,173 #* Enigmo, Inc. 1,300 19,489 Enplas Corp. 1,300 53,500 EPS Holdings, Inc. 2,000 32,801 # eRex Co., Ltd. 3,900 34,341 ES-Con Japan, Ltd. 3,600 17,300 Escrow Agent Japan Co., Ltd. 700 20,527 ESPEC Corp. 2,000 34,166 Exedy Corp. 2,600 81,372 F-Tech, Inc. 1,600 22,138 F@N Communications, Inc. 6,200 56,770 FCC Co., Ltd. 3,800 83,097 Feed One Co., Ltd. 6,200 13,610 Ferrotec Holdings Corp. 2,700 40,065 #* FFRI, Inc. 400 18,004 FIDEA Holdings Co., Ltd. 30,500 50,006 Fields Corp. 1,100 11,688 Financial Products Group Co., Ltd. 5,100 57,729 FINDEX, Inc. 700 5,965 Fixstars Corp. 600 19,780 Foster Electric Co., Ltd. 2,700 53,015 FP Corp. 1,800 98,475 France Bed Holdings Co., Ltd. 1,600 14,570 * FreakOut Holdings, Inc. 500 18,611 Fudo Tetra Corp. 19,300 31,862 Fuji Co., Ltd. 1,500 37,343 Fuji Corp., Ltd. 3,000 20,346 Fuji Kosan Co., Ltd. 600 3,198 # Fuji Kyuko Co., Ltd. 4,000 42,105 Fuji Machine Manufacturing Co., Ltd. 3,400 55,317 Fuji Oil Co., Ltd. 1,800 5,486 Fuji Oil Holdings, Inc. 3,500 82,694 Fuji Pharma Co., Ltd. 1,000 34,194 Fuji Seal International, Inc. 2,400 67,349 Fuji Soft, Inc. 2,200 63,136 Fujibo Holdings, Inc. 1,500 45,511 Fujicco Co., Ltd. 1,400 33,936 Fujikura Kasei Co., Ltd. 2,000 11,758 Fujikura, Ltd. 20,800 175,121 Fujimi, Inc. 1,400 31,594 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Fujimori Kogyo Co., Ltd. 1,600 $ 47,668 Fujio Food System Co., Ltd. 900 14,351 # Fujita Kanko, Inc. 800 28,938 Fujitec Co., Ltd. 4,000 55,180 Fujitsu Frontech, Ltd. 1,400 26,664 Fujitsu General, Ltd. 3,000 63,325 Fujiya Co., Ltd. 1,100 24,697 Fukuda Corp. 600 27,521 Fukui Bank, Ltd. (The) 26,000 63,362 Fukui Computer Holdings, Inc. 900 32,825 Fukushima Bank, Ltd. (The) 14,000 11,037 Fukushima Industries Corp. 1,500 62,284 Fukuyama Transporting Co., Ltd. 15,000 95,805 # FULLCAST Holdings Co., Ltd. 3,100 39,022 Fumakilla, Ltd. 2,000 21,408 # Funai Electric Co., Ltd. 1,900 17,224 Funai Soken Holdings, Inc. 2,040 53,146 Furukawa Co., Ltd. 33,000 61,223 Furuno Electric Co., Ltd. 3,500 20,962 Furusato Industries, Ltd. 1,000 15,918 Furyu Corp. 300 3,454 Fuso Chemical Co., Ltd. 2,000 66,630 Fuso Pharmaceutical Industries, Ltd. 500 12,586 Futaba Corp. 4,200 77,026 Futaba Industrial Co., Ltd. 8,700 90,142 Future Corp. 800 6,471 Fuyo General Lease Co., Ltd. 1,600 93,802 G-Tekt Corp. 1,800 34,836 Gakken Holdings Co., Ltd. 300 8,921 # GCA Corp. 3,700 32,829 # Genky Stores, Inc. 1,000 37,274 Geo Holdings Corp. 3,000 32,800 # Giken, Ltd. 1,300 34,696 GLOBERIDE, Inc. 1,000 17,310 Glory, Ltd. 1,700 56,610 GMO Click Holdings, Inc. 1,800 12,519 # GMO internet, Inc. 4,200 54,165 GMO Payment Gateway, Inc. 1,500 88,480 Godo Steel, Ltd. 600 11,432 Goldcrest Co., Ltd. 2,590 57,694 # Gree, Inc. 10,400 79,901 GS Yuasa Corp. 18,000 84,956 Gun-Ei Chemical Industry Co., Ltd. 700 23,280 * Gunosy, Inc. 1,100 31,063 Gunze, Ltd. 19,000 73,319 Gurunavi, Inc. 2,500 40,896 H-One Co., Ltd. 2,200 25,228 H2O Retailing Corp. 7,600 124,360 Hagihara Industries, Inc. 700 20,084 Hakuto Co., Ltd. 1,400 18,879 Hamakyorex Co., Ltd. 2,200 58,169 Handsman Co., Ltd. 800 11,380 Hanwa Co., Ltd. 18,000 128,730 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Happinet Corp. 1,800 $ 32,474 Hazama Ando Corp. 9,810 67,694 # Hearts United Group Co., Ltd. 1,200 18,776 Heiwa Corp. 400 8,800 Heiwa Real Estate Co., Ltd. 3,600 56,460 Heiwado Co., Ltd. 2,500 56,810 HI-LEX Corp. 2,000 52,274 Hibiya Engineering, Ltd. 2,400 43,886 Hiday Hidaka Corp. 2,116 56,480 Hioki EE Corp. 300 6,075 Hirakawa Hewtech Corp. 1,200 16,427 # Hiramatsu, Inc. 2,300 12,853 # Hirata Corp. 700 79,217 Hiroshima Gas Co., Ltd. 6,100 19,579 HIS Co., Ltd. 2,900 89,166 Hisaka Works, Ltd. 2,000 17,943 Hitachi Kokusai Electric, Inc. 2,000 51,559 Hitachi Maxell, Ltd. 3,700 81,871 Hitachi Zosen Corp. 16,500 86,855 Hochiki Corp. 1,700 29,228 Hodogaya Chemical Co., Ltd. 400 17,166 Hogy Medical Co., Ltd. 1,100 80,284 # Hokkaido Coca-Cola Bottling Co., Ltd. 3,000 19,209 Hokkaido Electric Power Co., Inc. 13,800 103,928 Hokkaido Gas Co., Ltd. 4,000 9,978 Hokkan Holdings, Ltd. 6,000 23,064 Hokkoku Bank, Ltd. (The) 22,000 88,911 Hokuetsu Bank, Ltd. (The) 2,200 52,226 Hokuetsu Industries Co., Ltd. 800 6,960 Hokuetsu Kishu Paper Co., Ltd. 11,800 82,800 Hokuhoku Financial Group, Inc. 7,400 120,298 Hokuriku Electric Industry Co., Ltd. 4,000 5,911 # Hokuriku Electric Power Co. 10,100 93,510 Hokuto Corp. 2,800 49,959 Honeys Holdings Co., Ltd. 770 8,697 Hoosiers Holdings 3,500 35,095 Horiba, Ltd. 1,800 110,261 Hosiden Corp. 7,500 86,747 Hosokawa Micron Corp. 400 19,433 # Howa Machinery, Ltd. 500 3,693 Hyakugo Bank, Ltd. (The) 19,000 76,611 Hyakujushi Bank, Ltd. (The) 22,000 71,365 I-Net Corp. 1,600 18,504 Ibiden Co., Ltd. 700 12,148 IBJ Leasing Co., Ltd. 2,200 52,338 Ichibanya Co., Ltd. 1,100 39,179 # Ichigo, Inc. 17,700 54,061 Ichikoh Industries, Ltd. 4,000 31,356 Ichinen Holdings Co., Ltd. 2,000 23,461 Ichiyoshi Securities Co., Ltd. 4,100 36,761 Icom, Inc. 700 14,928 Idec Corp. 1,600 26,679 # IDOM, Inc. 5,000 33,118 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Ihara Science Corp. 1,200 $ 23,558 Iino Kaiun Kaisha, Ltd. 10,400 47,820 Imasen Electric Industrial 1,801 20,165 Inaba Denki Sangyo Co., Ltd. 1,400 55,143 # Inaba Seisakusho Co., Ltd. 200 2,473 Inabata & Co., Ltd. 4,000 56,227 Inageya Co., Ltd. 2,000 31,474 Ines Corp. 3,600 34,200 # Infocom Corp. 900 22,019 Infomart Corp. 7,800 57,264 Information Services International-Dentsu, Ltd. 600 13,603 Intage Holdings, Inc. 1,900 38,831 Internet Initiative Japan, Inc. 3,100 56,044 Inui Global Logistics Co., Ltd. 525 4,023 Investors Cloud Co., Ltd. 300 15,374 Iriso Electronics Co., Ltd. 900 77,462 Iseki & Co., Ltd. 2,200 45,759 * Ishihara Sangyo Kaisha, Ltd. 4,400 48,201 Istyle, Inc. 2,500 16,644 Itfor, Inc. 1,500 8,452 Itochu Enex Co., Ltd. 4,000 35,995 Itochu-Shokuhin Co., Ltd. 600 24,919 Itoki Corp. 3,000 24,369 * Itokuro, Inc. 300 13,368 IwaiCosmo Holdings, Inc. 2,900 34,010 Iwasaki Electric Co., Ltd. 4,000 7,734 Iwatani Corp. 16,000 103,724 Iwatsu Electric Co., Ltd. 3,000 2,446 Iwatsuka Confectionery Co., Ltd. 500 20,933 Iyo Bank, Ltd. (The) 3,900 31,844 # J Trust Co., Ltd. 5,700 45,437 J-Oil Mills, Inc. 1,100 38,391 JAC Recruitment Co., Ltd. 1,600 26,107 Jaccs Co., Ltd. 16,000 75,012 Jafco Co., Ltd. 3,000 143,469 Jalux, Inc. 800 20,170 # Jamco Corp. 1,500 38,024 Janome Sewing Machine Co., Ltd. 2,299 18,734 #* Japan Asset Marketing Co., Ltd. 22,400 26,391 Japan Aviation Electronics Industry, Ltd. 5,000 78,996 Japan Cash Machine Co., Ltd. 2,100 22,662 #* Japan Display, Inc. 34,800 62,282 #* Japan Drilling Co., Ltd. 600 11,496 Japan Investment Adviser Co., Ltd. 200 7,861 Japan Lifeline Co., Ltd. 1,400 64,360 # Japan Material Co., Ltd. 2,200 43,057 Japan Medical Dynamic Marketing, Inc. 770 6,870 Japan Petroleum Exploration Co., Ltd. 2,800 58,149 # Japan Property Management Center Co., Ltd. 900 12,021 Japan Pulp & Paper Co., Ltd. 9,000 34,434 Japan Radio Co., Ltd. 1,400 18,078 Japan Securities Finance Co., Ltd. 13,500 67,773 Japan Steel Works, Ltd. (The) 5,600 92,485 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Japan Transcity Corp. 3,000 $ 11,603 Japan Wool Textile Co., Ltd. (The) 6,000 51,403 # Jastec Co., Ltd. 300 3,559 JBCC Holdings, Inc. 2,000 16,843 JCU Corp. 600 22,017 Jeol, Ltd. 9,000 49,058 #* JIG-SAW, Inc. 300 17,286 Jimoto Holdings, Inc. 10,000 17,855 JINS, Inc. 1,100 66,986 Joshin Denki Co., Ltd. 5,000 70,348 Joyful Honda Co., Ltd. 1,700 47,017 JP-Holdings, Inc. 2,900 7,442 JSP Corp. 1,300 41,078 Juki Corp. 2,200 33,280 Juroku Bank, Ltd. (The) 30,000 95,107 Justsystems Corp. 2,300 35,402 JVC Kenwood Corp. 21,470 62,514 K&O Energy Group, Inc. 2,300 35,160 # K's Holdings Corp. 5,100 102,387 kabu.com Securities Co., Ltd. 16,900 54,826 * Kadokawa Dwango 4,169 55,071 Kaga Electronics Co., Ltd. 1,900 41,910 Kameda Seika Co., Ltd. 1,200 59,960 Kamei Corp. 2,000 28,584 Kanaden Corp. 1,900 20,224 Kanagawa Chuo Kotsu Co., Ltd. 4,000 26,415 Kanamoto Co., Ltd. 2,000 71,699 Kandenko Co., Ltd. 10,000 107,022 Kanematsu Corp. 37,025 80,912 Kanematsu Electronics, Ltd. 1,400 41,454 Kansai Urban Banking Corp. 3,200 41,026 Kanto Denka Kogyo Co., Ltd. 4,000 36,479 * Kappa Create Co., Ltd. 1,100 12,787 Kasai Kogyo Co., Ltd. 3,100 40,353 Katakura Industries Co., Ltd. 2,700 31,281 Kato Sangyo Co., Ltd. 2,000 53,871 Kato Works Co., Ltd. 1,600 51,470 KAWADA TECHNOLOGIES, Inc. 600 41,199 Kawai Musical Instruments Manufacturing Co., Ltd. 500 10,418 #* Kawasaki Kisen Kaisha, Ltd. 62,000 153,937 Keihanshin Building Co., Ltd. 2,200 13,924 Keihin Corp. 4,000 57,556 Keiyo Bank, Ltd. (The) 18,000 76,156 Keiyo Co., Ltd. 2,000 13,893 # Kenedix, Inc. 2,500 12,799 # Kenko Mayonnaise Co., Ltd. 1,200 33,728 Key Coffee, Inc. 1,300 25,734 KFC Holdings Japan, Ltd. 700 12,670 King Jim Co., Ltd. 300 2,781 * Kintetsu Department Store Co., Ltd. 7,000 23,282 Kintetsu World Express, Inc. 2,400 42,029 Kissei Pharmaceutical Co., Ltd. 2,000 51,718 Kita-Nippon Bank, Ltd. (The) 1,000 28,678 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Kitagawa Iron Works Co., Ltd. 700 $ 14,962 Kitano Construction Corp. 7,000 24,241 # Kito Corp. 2,700 31,231 Kitz Corp. 8,600 76,956 Kiyo Bank, Ltd. (The) 4,800 80,276 #* KLab, Inc. 2,400 40,826 * KNT-CT Holdings Co., Ltd. 6,000 10,042 Koa Corp. 3,500 61,742 Koatsu Gas Kogyo Co., Ltd. 1,900 14,118 Kobe Bussan Co., Ltd. 1,000 49,557 * Kobe Electric Railway Co., Ltd. 4,000 14,620 # Kohnan Shoji Co., Ltd. 2,000 36,473 Koike Sanso Kogyo Co., Ltd. 4,000 11,175 * Kojima Co., Ltd. 2,300 7,654 Kokuyo Co., Ltd. 5,900 93,952 Komatsu Seiren Co., Ltd. 4,000 27,792 Komeri Co., Ltd. 2,400 70,218 Komori Corp. 5,600 66,587 # Konaka Co., Ltd. 1,760 9,495 Kondotec, Inc. 1,500 13,651 Konishi Co., Ltd. 4,000 61,107 Konoike Transport Co., Ltd. 2,900 39,496 Koshidaka Holdings Co., Ltd. 1,100 29,841 Kotobuki Spirits Co., Ltd. 2,600 95,963 # Kourakuen Holdings Corp. 1,000 15,958 Krosaki Harima Corp. 5,000 21,897 Kumagai Gumi Co., Ltd. 21,000 72,740 # Kumiai Chemical Industry Co., Ltd. 10,267 59,700 Kura Corp. 1,000 50,289 Kurabo Industries, Ltd. 18,000 46,715 Kureha Corp. 1,200 60,345 Kurimoto, Ltd. 1,100 20,609 Kuroda Electric Co., Ltd. 2,400 45,887 Kusuri no Aoki Holdings Co., Ltd. 1,000 55,036 KYB Corp. 19,000 107,237 Kyodo Printing Co., Ltd. 9,000 31,497 # Kyoei Steel, Ltd. 2,900 44,755 Kyokuto Kaihatsu Kogyo Co., Ltd. 2,300 38,506 Kyokuto Securities Co., Ltd. 2,600 36,576 # Kyokuyo Co., Ltd. 1,100 30,966 KYORIN Holdings, Inc. 2,900 61,905 Kyoritsu Maintenance Co., Ltd. 2,000 57,104 Kyosan Electric Manufacturing Co., Ltd. 5,000 27,852 Kyowa Exeo Corp. 6,200 105,855 Kyudenko Corp. 2,600 98,065 Kyushu Financial Group, Inc. 17,410 109,243 LAC Co., Ltd. 2,400 29,408 #* Laox Co., Ltd. 1,100 5,345 # Lasertec Corp. 5,000 74,549 LEC, Inc. 1,800 44,064 Leopalace21 Corp. 19,900 141,909 Life Corp. 1,200 31,776 LIFULL Co., Ltd. 6,600 52,700 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ------- JAPAN -- (Continued) Like Co., Ltd. 800 $26,106 Linical Co., Ltd. 1,600 27,773 # Link And Motivation, Inc. 4,300 28,726 Lintec Corp. 2,700 65,547 #* M&A Capital Partners Co., Ltd. 600 27,354 Macnica Fuji Electronics Holdings, Inc. 3,999 63,755 Maeda Corp. 7,000 84,636 Maeda Kosen Co., Ltd. 1,900 27,878 Maeda Road Construction Co., Ltd. 3,000 61,940 Maezawa Kasei Industries Co., Ltd. 1,200 13,385 Maezawa Kyuso Industries Co., Ltd. 1,200 17,449 Makino Milling Machine Co., Ltd. 9,000 76,007 Mamezou Holdings Co., Ltd. 600 5,392 Mandom Corp. 1,100 60,802 Mani, Inc. 1,500 35,652 Mars Engineering Corp. 700 13,859 Marubun Corp. 1,900 14,532 Marudai Food Co., Ltd. 13,000 61,659 Maruha Nichiro Corp. 2,253 61,471 # Marusan Securities Co., Ltd. 5,800 48,971 Maruwa Co., Ltd. 1,100 53,400 # Maruwa Unyu Kikan Co., Ltd. 400 14,597 Maruyama Manufacturing Co., Inc. 300 5,049 #* Maruzen CHI Holdings Co., Ltd. 400 1,278 Maruzen Showa Unyu Co., Ltd. 6,000 26,115 # Marvelous, Inc. 3,300 30,833 Matsuda Sangyo Co., Ltd. 1,225 16,626 Matsui Construction Co., Ltd. 1,500 12,833 Matsui Securities Co., Ltd. 4,000 32,739 Matsuya Co., Ltd. 3,600 30,272 Matsuya Foods Co., Ltd. 800 30,290 Max Co., Ltd. 4,000 54,721 MCJ Co., Ltd. 4,500 53,166 MEC Co., Ltd. 2,100 25,995 # Media Do Co., Ltd. 900 20,673 #* Medical Data Vision Co., Ltd. 600 13,207 # Megachips Corp. 1,100 29,339 Megmilk Snow Brand Co., Ltd. 3,100 85,707 Meidensha Corp. 23,000 81,718 Meiko Electronics Co., Ltd. 1,000 14,997 Meiko Network Japan Co., Ltd. 2,600 37,122 Meisei Industrial Co., Ltd. 5,000 32,405 Meitec Corp. 1,500 70,300 Meito Sangyo Co., Ltd. 1,200 15,694 Melco Holdings, Inc. 1,200 40,174 Menicon Co., Ltd. 800 26,193 METAWATER Co., Ltd. 900 24,889 Michinoku Bank, Ltd. (The) 16,000 27,105 # Micronics Japan Co., Ltd. 4,000 42,361 Mie Bank, Ltd. (The) 1,300 29,105 Mie Kotsu Group Holdings, Inc. 2,700 10,158 Milbon Co., Ltd. 800 46,645 Mimasu Semiconductor Industry Co., Ltd. 1,219 19,567 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Minato Bank, Ltd. (The) 2,100 $ 38,448 Ministop Co., Ltd. 1,500 33,002 Mirait Holdings Corp. 6,700 78,555 Miroku Jyoho Service Co., Ltd. 2,200 46,348 Misawa Homes Co., Ltd. 2,000 18,355 Mitani Corp. 1,200 47,332 Mitani Sekisan Co., Ltd. 900 21,179 Mito Securities Co., Ltd. 4,000 11,120 Mitsuba Corp. 3,400 59,283 # Mitsubishi Nichiyu Forklift Co., Ltd. 2,000 16,092 * Mitsubishi Paper Mills, Ltd. 2,300 16,216 Mitsubishi Pencil Co., Ltd. 1,800 49,048 Mitsubishi Research Institute, Inc. 600 17,256 Mitsubishi Shokuhin Co., Ltd. 800 23,145 Mitsubishi Steel Manufacturing Co., Ltd. 14,000 36,016 Mitsuboshi Belting, Ltd. 7,000 80,081 Mitsui Engineering & Shipbuilding Co., Ltd. 67,000 93,401 Mitsui High-Tec, Inc. 3,300 51,502 Mitsui Home Co., Ltd. 4,000 27,275 Mitsui Matsushima Co., Ltd. 1,000 13,474 Mitsui Mining & Smelting Co., Ltd. 57,000 249,000 Mitsui Sugar Co., Ltd. 1,800 54,652 Mitsui-Soko Holdings Co., Ltd. 10,000 27,288 Mitsuuroko Group Holdings Co., Ltd. 3,000 19,390 Miyazaki Bank, Ltd. (The) 20,000 66,861 Mizuno Corp. 9,000 52,323 Mochida Pharmaceutical Co., Ltd. 1,100 76,641 Modec, Inc. 2,600 61,981 Monex Group, Inc. 20,400 57,659 Monogatari Corp. (The) 600 31,302 MORESCO Corp. 1,100 20,771 Morinaga Milk Industry Co., Ltd. 14,000 102,274 Morita Holdings Corp. 2,600 40,775 Morito Co., Ltd. 2,600 22,092 #* Morpho, Inc. 700 31,560 # MTI, Ltd. 4,500 30,350 Musashi Seimitsu Industry Co., Ltd. 1,700 47,334 Musashino Bank, Ltd. (The) 2,200 65,732 N Field Co., Ltd. 1,000 13,763 Nachi-Fujikoshi Corp. 13,000 71,857 # Nafco Co., Ltd. 400 6,343 Nagaileben Co., Ltd. 800 19,939 # Nagano Bank, Ltd. (The) 600 10,707 Nagase & Co., Ltd. 8,900 139,710 Nagatanien Holdings Co., Ltd. 2,000 24,900 Nagawa Co., Ltd. 400 14,468 Nakamuraya Co., Ltd. 300 13,682 Nakanishi, Inc. 1,900 79,605 Nakayama Steel Works, Ltd. 500 3,030 Namura Shipbuilding Co., Ltd. 4,096 23,466 # Nanto Bank, Ltd. (The) 1,900 55,895 Natori Co., Ltd. 700 13,011 NDS Co., Ltd. 500 14,445 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) NEC Capital Solutions, Ltd. 900 $ 15,505 NEC Networks & System Integration Corp. 1,700 37,143 NET One Systems Co., Ltd. 8,100 77,633 Neturen Co., Ltd. 3,800 34,980 # Nichi-iko Pharmaceutical Co., Ltd. 3,550 54,384 Nichias Corp. 6,000 72,867 Nichiban Co., Ltd. 3,000 26,758 Nichicon Corp. 4,800 52,753 Nichiden Corp. 900 32,303 Nichiha Corp. 3,500 130,007 NichiiGakkan Co., Ltd. 2,900 30,351 Nichireki Co., Ltd. 2,000 24,198 Nichirin Co., Ltd. 1,100 24,561 Nihon Chouzai Co., Ltd. 700 23,350 Nihon Dempa Kogyo Co., Ltd. 600 5,018 Nihon Eslead Corp. 1,000 18,863 Nihon House Holdings Co., Ltd. 2,000 9,537 # Nihon Kagaku Sangyo Co., Ltd. 1,900 33,407 Nihon Kohden Corp. 3,100 74,087 Nihon Nohyaku Co., Ltd. 6,100 35,444 Nihon Parkerizing Co., Ltd. 4,600 65,818 # Nihon Plast Co., Ltd. 1,700 20,203 Nihon Tokushu Toryo Co., Ltd. 1,400 23,511 # Nihon Trim Co., Ltd. 500 20,804 Nihon Unisys, Ltd. 4,200 70,033 Nihon Yamamura Glass Co., Ltd. 8,000 13,707 Nikkiso Co., Ltd. 7,000 72,240 Nikkon Holdings Co., Ltd. 4,000 94,561 Nippo Corp. 3,000 61,033 Nippon Beet Sugar Manufacturing Co., Ltd. 1,200 23,471 # Nippon Carbon Co., Ltd. 600 19,593 Nippon Ceramic Co., Ltd. 1,000 26,222 Nippon Chemi-Con Corp. 20,000 80,796 Nippon Chemical Industrial Co., Ltd. 2,000 4,288 Nippon Coke & Engineering Co., Ltd. 12,500 11,790 Nippon Commercial Development Co., Ltd. 1,600 24,958 Nippon Concrete Industries Co., Ltd. 3,000 11,638 Nippon Denko Co., Ltd. 10,600 49,760 Nippon Densetsu Kogyo Co., Ltd. 3,100 61,615 Nippon Flour Mills Co., Ltd. 4,000 64,453 Nippon Gas Co., Ltd. 2,900 91,015 Nippon Kanzai Co., Ltd. 1,700 30,568 Nippon Kayaku Co., Ltd. 4,000 55,983 Nippon Kinzoku Co., Ltd. 300 6,017 Nippon Koei Co., Ltd. 1,000 27,668 # Nippon Koshuha Steel Co., Ltd. 10,000 10,057 Nippon Light Metal Holdings Co., Ltd. 31,000 83,406 Nippon Paper Industries Co., Ltd. 5,600 111,646 # Nippon Parking Development Co., Ltd. 9,800 14,657 Nippon Pillar Packing Co., Ltd. 2,000 33,457 Nippon Piston Ring Co., Ltd. 700 13,760 Nippon Road Co., Ltd. (The) 10,000 55,855 Nippon Seiki Co., Ltd. 4,000 76,585 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) #* Nippon Sharyo, Ltd. 4,000 $ 10,406 * Nippon Sheet Glass Co., Ltd. 9,500 80,388 Nippon Signal Co., Ltd. 7,000 71,075 Nippon Soda Co., Ltd. 16,000 89,778 Nippon Steel & Sumikin Bussan Corp. 1,248 64,330 Nippon Suisan Kaisha, Ltd. 22,800 133,062 Nippon Thompson Co., Ltd. 7,000 39,991 Nippon Valqua Industries, Ltd. 1,200 31,708 Nippon Yakin Kogyo Co., Ltd. 10,600 21,318 Nipro Corp. 10,600 143,787 Nishi-Nippon Financial Holdings, Inc. 9,200 103,510 Nishi-Nippon Railroad Co., Ltd. 23,000 101,368 Nishikawa Rubber Co., Ltd. 500 10,076 Nishimatsu Construction Co., Ltd. 25,000 143,873 Nishimatsuya Chain Co., Ltd. 5,300 58,045 Nishio Rent All Co., Ltd. 1,300 43,274 Nissan Shatai Co., Ltd. 5,400 55,909 Nissei ASB Machine Co., Ltd. 1,000 34,458 Nissei Build Kogyo Co., Ltd. 5,000 28,884 Nissei Corp. 400 3,686 Nissei Plastic Industrial Co., Ltd. 1,400 14,640 # Nissha Printing Co., Ltd. 1,500 41,043 Nisshin Fudosan Co. 2,800 15,607 Nisshin Oillio Group, Ltd. (The) 14,000 82,880 Nisshin Steel Co., Ltd. 3,548 43,471 Nisshinbo Holdings, Inc. 10,500 106,329 Nissin Corp. 11,000 53,199 Nissin Electric Co., Ltd. 3,700 44,935 Nissin Kogyo Co., Ltd. 3,300 55,267 Nissin Sugar Co., Ltd. 1,300 22,431 Nissui Pharmaceutical Co., Ltd. 1,400 17,669 Nitta Corp. 2,300 73,869 Nittan Valve Co., Ltd. 2,000 7,389 Nittetsu Mining Co., Ltd. 800 44,901 Nitto Boseki Co., Ltd. 19,000 110,695 Nitto FC Co., Ltd. 1,500 12,406 Nitto Kogyo Corp. 3,700 59,929 Nitto Kohki Co., Ltd. 1,300 30,892 Nitto Seiko Co., Ltd. 3,000 14,758 Nittoc Construction Co., Ltd. 3,500 18,514 Nittoku Engineering Co., Ltd. 800 24,710 Noevir Holdings Co., Ltd. 1,100 57,017 NOF Corp. 9,000 122,281 Nohmi Bosai, Ltd. 2,800 43,058 # Nojima Corp. 2,500 40,464 Nomura Co., Ltd. 3,200 67,713 Noritake Co., Ltd. 1,500 57,501 Noritsu Koki Co., Ltd. 1,200 11,047 Noritz Corp. 2,000 39,226 North Pacific Bank, Ltd. 25,700 86,151 NS Solutions Corp. 2,200 46,317 NS United Kaiun Kaisha, Ltd. 9,000 18,811 NSD Co., Ltd. 3,730 71,144 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Nuflare Technology, Inc. 700 $ 37,456 Obara Group, Inc. 1,000 55,291 Odelic Co., Ltd. 600 27,555 Oenon Holdings, Inc. 5,000 12,424 Ogaki Kyoritsu Bank, Ltd. (The) 28,000 80,893 Ohashi Technica, Inc. 1,700 21,822 Ohsho Food Service Corp. 700 27,232 Oiles Corp. 1,673 29,920 Oita Bank, Ltd. (The) 16,000 60,291 Okabe Co., Ltd. 4,000 39,156 Okamoto Industries, Inc. 6,000 65,682 Okamura Corp. 7,300 74,213 Okasan Securities Group, Inc. 14,000 84,787 Oki Electric Industry Co., Ltd. 6,500 88,999 Okinawa Cellular Telephone Co. 1,100 38,671 Okinawa Electric Power Co., Inc. (The) 2,746 64,765 OKK Corp. 5,000 6,433 OKUMA Corp. 9,000 86,517 Okumura Corp. 12,000 87,325 Okura Industrial Co., Ltd. 4,000 25,859 Okuwa Co., Ltd. 4,000 42,590 # Onoken Co., Ltd. 1,700 28,272 Onward Holdings Co., Ltd. 12,000 87,056 Open House Co., Ltd. 2,700 89,363 Optex Group Co., Ltd. 1,100 36,936 Organo Corp. 4,000 21,322 Origin Electric Co., Ltd. 3,000 8,513 Osaka Organic Chemical Industry, Ltd. 1,300 15,440 Osaka Soda Co., Ltd. 10,000 50,332 Osaka Steel Co., Ltd. 900 18,547 OSAKA Titanium Technologies Co., Ltd. 1,600 24,689 Osaki Electric Co., Ltd. 6,000 45,871 # OSG Corp. 4,100 86,446 OSJB Holdings Corp. 11,600 31,863 Outsourcing, Inc. 1,300 64,938 Oyo Corp. 2,700 39,134 Pacific Industrial Co., Ltd. 4,000 51,999 #* Pacific Metals Co., Ltd. 17,000 45,605 Pack Corp. (The) 700 22,645 PAL GROUP Holdings Co., Ltd. 900 28,727 PALTAC Corp. 2,500 90,706 PanaHome Corp. 6,000 65,161 Paramount Bed Holdings Co., Ltd. 1,100 50,116 # Parco Co., Ltd. 1,600 19,720 Paris Miki Holdings, Inc. 1,000 4,198 # Pasco Corp. 1,000 3,373 Pasona Group, Inc. 1,500 16,673 # PC Depot Corp. 2,760 15,887 Pegasus Sewing Machine Manufacturing Co., Ltd. 2,600 17,514 Penta-Ocean Construction Co., Ltd. 18,000 107,227 # Pepper Food Service Co., Ltd. 300 11,096 PIA Corp. 600 21,283 Pilot Corp. 1,600 69,694 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Piolax, Inc. 3,000 $ 82,875 * Pioneer Corp. 34,600 68,322 Plenus Co., Ltd. 1,900 44,503 Pocket Card Co., Ltd. 2,800 18,393 Poletowin Pitcrew Holdings, Inc. 1,700 22,664 Press Kogyo Co., Ltd. 9,000 42,332 Pressance Corp. 3,600 49,689 Prestige International, Inc. 4,800 52,571 Prima Meat Packers, Ltd. 15,000 95,762 Pronexus, Inc. 1,300 14,732 Proto Corp. 1,000 15,632 PS Mitsubishi Construction Co., Ltd. 3,600 16,514 Qol Co., Ltd. 800 12,908 Quick Co., Ltd. 1,600 22,979 Raito Kogyo Co., Ltd. 4,700 50,771 Rasa Industries, Ltd. 3,000 4,236 # Relia, Inc. 3,200 34,208 Renaissance, Inc. 300 5,432 Rengo Co., Ltd. 17,000 96,504 #* Renown, Inc. 3,000 5,598 Resorttrust, Inc. 4,300 79,264 Retail Partners Co., Ltd. 2,000 21,114 Rheon Automatic Machinery Co., Ltd. 2,000 21,635 Rhythm Watch Co., Ltd. 10,000 21,325 Ricoh Leasing Co., Ltd. 1,400 48,917 # Right On Co., Ltd. 1,500 13,608 Riken Corp. 1,300 60,844 Riken Keiki Co., Ltd. 1,200 22,686 # Riken Technos Corp. 3,200 17,868 Riken Vitamin Co., Ltd. 1,700 66,460 Ringer Hut Co., Ltd. 1,400 32,345 Rion Co., Ltd. 700 12,386 Riso Kagaku Corp. 3,500 73,187 # Riso Kyoiku Co., Ltd. 3,000 22,459 Rock Field Co., Ltd. 2,100 35,516 Rohto Pharmaceutical Co., Ltd. 1,100 22,220 Rokko Butter Co., Ltd. 1,700 38,432 Roland DG Corp. 1,200 30,072 # Rorze Corp. 1,400 30,172 Round One Corp. 5,300 56,604 Royal Holdings Co., Ltd. 3,000 71,914 Ryobi, Ltd. 16,000 75,666 Ryoden Corp. 3,000 21,828 Ryosan Co., Ltd. 2,800 109,512 Ryoyo Electro Corp. 2,000 32,225 S Foods, Inc. 1,300 48,401 S&B Foods, Inc. 300 18,799 Sac's Bar Holdings, Inc. 1,650 18,137 Saibu Gas Co., Ltd. 36,000 90,406 Saizeriya Co., Ltd. 1,900 55,274 Sakai Chemical Industry Co., Ltd. 7,000 28,367 Sakai Moving Service Co., Ltd. 800 38,610 Sakata INX Corp. 3,000 54,249 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) # Sakura Internet, Inc. 1,700 $ 13,060 Sala Corp. 5,300 44,158 SAMTY Co., Ltd. 1,700 24,946 San-A Co., Ltd. 1,400 62,441 San-Ai Oil Co., Ltd. 5,500 55,881 San-In Godo Bank, Ltd. (The) 11,000 89,345 * Sanden Holdings Corp. 10,000 28,523 Sanei Architecture Planning Co., Ltd. 1,300 23,182 Sangetsu Corp. 3,300 59,456 Sanken Electric Co., Ltd. 10,000 50,695 Sanki Engineering Co., Ltd. 5,000 56,529 Sankyo Seiko Co., Ltd. 4,000 14,183 # Sankyo Tateyama, Inc. 2,800 39,557 Sankyu, Inc. 19,000 143,105 Sanoh Industrial Co., Ltd. 3,000 21,629 # Sanrio Co., Ltd. 3,700 74,312 Sanshin Electronics Co., Ltd. 2,000 25,153 Sanwa Holdings Corp. 8,300 89,877 Sanyo Chemical Industries, Ltd. 1,000 47,489 Sanyo Denki Co., Ltd. 4,000 44,556 Sanyo Electric Railway Co., Ltd. 10,000 51,221 # Sanyo Shokai, Ltd. 1,100 16,565 Sanyo Special Steel Co., Ltd. 10,000 60,675 Sanyo Trading Co., Ltd. 800 18,227 Sapporo Holdings, Ltd. 4,000 108,946 Sato Holdings Corp. 1,900 45,568 Satori Electric Co., Ltd. 1,000 8,248 Sawada Holdings Co., Ltd. 3,300 29,963 Sawai Pharmaceutical Co., Ltd. 1,900 107,087 # Saxa Holdings, Inc. 4,000 8,157 SBS Holdings, Inc. 1,200 9,158 Secom Joshinetsu Co., Ltd. 900 28,373 Seika Corp. 5,000 21,615 Seikitokyu Kogyo Co., Ltd. 2,700 14,640 Seiko Holdings Corp. 12,000 53,567 # Seiko PMC Corp. 800 9,095 Seino Holdings Co., Ltd. 3,700 49,820 Seiren Co., Ltd. 5,800 98,027 Sekisui Jushi Corp. 2,700 49,100 Sekisui Plastics Co., Ltd. 3,500 29,918 Senko Group Holdings Co., Ltd. 8,700 59,226 # Senshu Electric Co., Ltd. 700 14,089 Senshu Ikeda Holdings, Inc. 17,500 72,491 Senshukai Co., Ltd. 3,000 18,488 # Septeni Holdings Co., Ltd. 10,900 33,323 SFP Holdings Co., Ltd. 500 7,893 Shibaura Electronics Co., Ltd. 700 23,592 Shibaura Mechatronics Corp. 4,000 12,338 Shibusawa Warehouse Co., Ltd. (The) 6,000 19,755 Shibuya Corp. 1,200 36,537 Shiga Bank, Ltd. (The) 18,000 95,394 Shikibo, Ltd. 9,000 12,244 Shikoku Bank, Ltd. (The) 18,000 48,266 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Shikoku Chemicals Corp. 3,000 $ 38,400 Shima Seiki Manufacturing, Ltd. 2,100 102,130 Shimachu Co., Ltd. 3,100 77,574 Shimizu Bank, Ltd. (The) 1,100 34,919 Shin Nippon Air Technologies Co., Ltd. 900 12,974 Shin-Etsu Polymer Co., Ltd. 5,000 48,447 Shinagawa Refractories Co., Ltd. 5,000 13,641 Shindengen Electric Manufacturing Co., Ltd. 8,000 41,489 #* Shinkawa, Ltd. 1,000 6,744 Shinko Electric Industries Co., Ltd. 6,300 45,839 Shinko Plantech Co., Ltd. 3,000 25,634 Shinko Shoji Co., Ltd. 2,000 26,136 Shinmaywa Industries, Ltd. 8,000 69,948 Shinnihon Corp. 3,400 27,694 # Shinoken Group Co., Ltd. 1,300 30,935 Shinsho Corp. 1,000 26,465 Shinwa Co., Ltd. 900 17,919 Ship Healthcare Holdings, Inc. 2,500 76,726 Shizuoka Gas Co., Ltd. 8,300 62,779 Shobunsha Publications, Inc. 1,300 8,842 Shochiku Co., Ltd. 6,000 82,263 Shoei Co., Ltd. 1,300 37,238 Shoei Foods Corp. 1,000 42,795 Shofu, Inc. 1,000 11,988 * Showa Corp. 5,400 52,165 Showa Sangyo Co., Ltd. 10,000 54,341 # Siix Corp. 1,900 80,974 Sinanen Holdings Co., Ltd. 600 12,174 Sinfonia Technology Co., Ltd. 18,000 75,540 Sinko Industries, Ltd. 2,400 36,666 Sintokogio, Ltd. 3,938 41,470 SKY Perfect JSAT Holdings, Inc. 14,000 62,846 SMK Corp. 5,000 21,114 SMS Co., Ltd. 2,100 66,454 Sodick Co., Ltd. 4,100 49,934 # Softbank Technology Corp. 1,400 22,455 Sogo Medical Co., Ltd. 700 32,021 * Sosei Group Corp. 900 93,378 Space Co., Ltd. 800 10,725 # Sparx Group Co., Ltd. 11,800 23,519 SRA Holdings 1,000 27,415 ST Corp. 1,100 27,604 St Marc Holdings Co., Ltd. 1,700 53,132 Star Mica Co., Ltd. 900 25,702 Star Micronics Co., Ltd. 2,400 39,733 Starts Corp., Inc. 2,700 70,550 Starzen Co., Ltd. 700 31,361 # Stella Chemifa Corp. 900 25,299 Studio Alice Co., Ltd. 1,100 25,831 Sugimoto & Co., Ltd. 900 13,269 # Sumida Corp. 1,100 21,041 # Suminoe Textile Co., Ltd. 5,000 14,049 Sumitomo Bakelite Co., Ltd. 15,000 108,970 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Sumitomo Densetsu Co., Ltd. 1,100 $ 17,519 Sumitomo Mitsui Construction Co., Ltd. 47,960 52,145 Sumitomo Osaka Cement Co., Ltd. 23,000 107,659 Sumitomo Precision Products Co., Ltd. 2,000 6,503 Sumitomo Riko Co., Ltd. 3,800 39,748 Sumitomo Seika Chemicals Co., Ltd. 800 40,222 Sumitomo Warehouse Co., Ltd. (The) 11,000 70,485 Sun Frontier Fudousan Co., Ltd. 3,700 39,487 * SWCC Showa Holdings Co., Ltd. 12,000 9,896 Systena Corp. 1,300 29,802 T Hasegawa Co., Ltd. 2,300 48,451 T RAD Co., Ltd. 11,000 34,758 T&K Toka Co., Ltd. 2,300 25,230 T-Gaia Corp. 1,300 26,017 # Tabuchi Electric Co., Ltd. 3,000 9,206 Tachi-S Co., Ltd. 3,400 62,027 Tachibana Eletech Co., Ltd. 2,500 36,156 Tadano, Ltd. 6,000 74,313 Taihei Dengyo Kaisha, Ltd. 3,000 43,357 Taiho Kogyo Co., Ltd. 1,900 26,785 Taikisha, Ltd. 2,000 53,793 Taiko Bank, Ltd. (The) 4,000 8,515 # Taiko Pharmaceutical Co., Ltd. 1,300 26,199 Taisei Lamick Co., Ltd. 300 7,918 Taiyo Holdings Co., Ltd. 1,500 71,275 # Taiyo Yuden Co., Ltd. 10,000 167,920 Takamatsu Construction Group Co., Ltd. 1,600 41,978 Takaoka Toko Co., Ltd. 1,200 20,089 Takara Holdings, Inc. 8,700 86,874 Takara Leben Co., Ltd. 9,300 42,663 Takara Printing Co., Ltd. 1,300 19,347 Takara Standard Co., Ltd. 3,500 58,767 Takasago International Corp. 1,400 54,991 Takasago Thermal Engineering Co., Ltd. 4,100 68,431 Takeei Corp. 1,900 19,244 Takeuchi Manufacturing Co., Ltd. 2,100 40,705 Takuma Co., Ltd. 7,000 71,692 Tamron Co., Ltd. 1,500 28,137 Tamura Corp. 11,000 60,104 Tanseisha Co., Ltd. 1,600 16,134 Tatsuta Electric Wire and Cable Co., Ltd. 2,000 12,822 Tayca Corp. 2,000 17,689 Tazmo Co., Ltd. 1,100 21,760 #* Teac Corp. 5,000 2,318 TechMatrix Corp. 2,100 35,068 TechnoPro Holdings, Inc. 1,000 42,903 Tecnos Japan, Inc. 1,400 13,929 Teikoku Electric Manufacturing Co., Ltd. 1,400 14,547 Teikoku Sen-I Co., Ltd. 2,100 38,252 Teikoku Tsushin Kogyo Co., Ltd. 4,000 8,337 # Tekken Corp. 9,000 27,635 Tenma Corp. 2,000 40,361 TIS, Inc. 2,400 72,552 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) TKC Corp. 1,600 $ 46,546 Toa Corp.(6894434) 2,600 27,115 #* Toa Corp.(6894508) 1,800 29,389 TOA ROAD Corp. 3,000 12,397 Toagosei Co., Ltd. 9,500 114,589 Tobishima Corp. 17,200 26,325 TOC Co., Ltd. 3,600 33,829 Tocalo Co., Ltd. 1,000 38,209 Tochigi Bank, Ltd. (The) 10,000 40,691 Toda Corp. 17,000 116,870 Toei Animation Co., Ltd. 400 30,426 Toei Co., Ltd. 5,000 50,978 Toenec Corp. 3,000 18,217 Toho Bank, Ltd. (The) 16,000 55,826 Toho Co., Ltd. 900 23,642 # Toho Holdings Co., Ltd. 4,200 83,028 # Toho Titanium Co., Ltd. 3,900 30,203 Toho Zinc Co., Ltd. 12,000 51,671 Tohoku Bank, Ltd. (The) 8,000 11,020 Tokai Carbon Co., Ltd. 16,000 103,255 Tokai Corp. 900 39,769 TOKAI Holdings Corp. 9,000 69,210 Tokai Rika Co., Ltd. 4,200 77,122 Tokai Tokyo Financial Holdings, Inc. 13,000 75,829 Token Corp. 680 86,452 Tokushu Tokai Paper Co., Ltd. 919 34,567 * Tokuyama Corp. 32,000 145,378 * Tokyo Base Co., Ltd. 500 23,603 Tokyo Dome Corp. 7,000 67,373 Tokyo Energy & Systems, Inc. 2,000 19,573 # Tokyo Individualized Educational Institute, Inc. 1,600 18,417 # Tokyo Keiki, Inc. 9,000 23,659 Tokyo Ohka Kogyo Co., Ltd. 2,700 87,890 Tokyo Rope Manufacturing Co., Ltd. 1,200 18,376 Tokyo Seimitsu Co., Ltd. 2,900 100,590 Tokyo Steel Manufacturing Co., Ltd. 8,200 70,292 Tokyo Tekko Co., Ltd. 3,000 12,348 # Tokyo Theatres Co., Inc. 6,000 7,887 Tokyo TY Financial Group, Inc. 2,224 59,189 Tokyotokeiba Co., Ltd. 2,000 64,941 Tokyu Construction Co., Ltd. 9,100 72,772 # Tokyu Recreation Co., Ltd. 3,000 22,826 Toli Corp. 6,000 19,522 Tomato Bank, Ltd. 900 12,545 Tomoku Co., Ltd. 5,000 17,680 TOMONY Holdings, Inc. 14,500 70,907 Tomy Co., Ltd. 5,617 68,709 Tonami Holdings Co., Ltd. 8,000 31,454 Topcon Corp. 4,700 80,415 Toppan Forms Co., Ltd. 4,500 46,789 Topre Corp. 2,100 55,358 Topy Industries, Ltd. 1,800 55,283 Toridoll Holdings Corp. 1,300 36,439 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Torii Pharmaceutical Co., Ltd. 1,200 $ 33,511 # Torikizoku Co., Ltd. 1,000 23,394 Torishima Pump Manufacturing Co., Ltd. 2,000 20,440 Tosei Corp. 4,200 32,826 Toshiba Machine Co., Ltd. 10,000 47,486 Toshiba Plant Systems & Services Corp. 4,000 65,137 Toshiba TEC Corp. 8,000 44,281 Tosho Co., Ltd. 400 18,475 Tosho Printing Co., Ltd. 5,000 24,673 Totetsu Kogyo Co., Ltd. 1,700 53,078 Tottori Bank, Ltd. (The) 600 9,260 Towa Bank, Ltd. (The) 32,000 35,640 # Towa Corp. 2,500 38,949 Towa Pharmaceutical Co., Ltd. 1,000 48,302 Toyo Construction Co., Ltd. 7,400 31,677 Toyo Corp. 3,000 28,938 Toyo Denki Seizo K.K. 1,000 17,450 # Toyo Engineering Corp. 17,000 44,712 Toyo Ink SC Holdings Co., Ltd. 15,000 77,722 Toyo Kanetsu K.K. 12,000 39,279 Toyo Kohan Co., Ltd. 3,000 13,187 Toyo Securities Co., Ltd. 5,000 11,357 Toyo Tanso Co., Ltd. 1,200 20,084 Toyo Tire & Rubber Co., Ltd. 4,000 82,106 Toyobo Co., Ltd. 77,000 146,616 TPR Co., Ltd. 1,300 41,053 Trancom Co., Ltd. 500 24,711 Transcosmos, Inc. 1,900 45,663 # Tri Chemical Laboratories, Inc. 900 24,709 Trusco Nakayama Corp. 4,000 102,593 Trust Tech, Inc. 500 10,507 TS Tech Co., Ltd. 4,100 121,514 TSI Holdings Co., Ltd. 8,425 60,840 # Tsubaki Nakashima Co., Ltd. 800 16,057 Tsubakimoto Chain Co. 9,000 76,360 Tsugami Corp. 5,000 40,080 Tsukishima Kikai Co., Ltd. 3,000 34,011 Tsukuba Bank, Ltd. 5,500 16,490 Tsukui Corp. 5,200 31,577 Tsumura & Co. 1,900 73,846 Tsurumi Manufacturing Co., Ltd. 2,000 33,496 Tsutsumi Jewelry Co., Ltd. 800 14,476 TV Asahi Holdings Corp. 2,400 43,640 Tv Tokyo Holdings Corp. 1,400 29,126 #* U-Shin, Ltd. 2,000 13,432 UACJ Corp. 24,034 70,938 Ube Industries, Ltd. 43,400 117,565 Uchida Yoko Co., Ltd. 800 19,918 UKC Holdings Corp. 1,500 22,532 Ulvac, Inc. 300 16,085 Uniden Holdings Corp. 2,000 4,762 Union Tool Co. 900 26,718 Unipres Corp. 2,700 62,795 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) United Arrows, Ltd. 1,600 $ 48,493 United Super Markets Holdings, Inc. 4,100 41,605 # UNITED, Inc. 400 9,985 * Unitika, Ltd. 52,000 36,773 Universal Entertainment Corp. 400 11,476 # Unizo Holdings Co., Ltd. 2,100 48,725 Ushio, Inc. 10,400 145,957 * UT Group Co., Ltd. 3,200 57,449 # V Technology Co., Ltd. 400 68,481 Valor Holdings Co., Ltd. 3,100 70,060 Vector, Inc. 3,300 48,031 VIA Holdings, Inc. 1,200 10,524 #* Vision, Inc. 800 19,200 Vital KSK Holdings, Inc. 4,800 38,446 Voyage Group, Inc. 1,100 20,713 VT Holdings Co., Ltd. 6,900 35,271 # W-Scope Corp. 3,600 76,429 Wacoal Holdings Corp. 9,000 126,431 Wakachiku Construction Co., Ltd. 17,000 26,823 Wakita & Co., Ltd. 4,500 50,751 Warabeya Nichiyo Holdings Co., Ltd. 1,200 32,401 # WATAMI Co., Ltd. 1,400 17,114 WDB Holdings Co., Ltd. 600 12,544 Weathernews, Inc. 700 21,767 Wellnet Corp. 1,200 14,881 WIN-Partners Co., Ltd. 1,000 12,674 Wood One Co., Ltd. 3,000 7,839 World Holdings Co., Ltd. 1,000 24,330 Xebio Holdings Co., Ltd. 3,000 56,503 # YA-MAN, Ltd. 400 30,864 Yahagi Construction Co., Ltd. 1,500 12,430 # Yakuodo Co., Ltd. 1,000 27,313 YAMABIKO Corp. 3,660 44,254 # Yamagata Bank, Ltd. (The) 18,000 81,712 Yamaichi Electronics Co., Ltd. 1,600 31,148 Yamanashi Chuo Bank, Ltd. (The) 18,000 73,524 Yamatane Corp. 1,000 14,803 Yamato Kogyo Co., Ltd. 3,300 92,500 Yamazen Corp. 5,400 55,438 Yaoko Co., Ltd. 1,000 43,148 Yasuda Logistics Corp. 2,000 14,042 Yellow Hat, Ltd. 1,800 46,485 Yodogawa Steel Works, Ltd. 2,400 65,993 Yokogawa Bridge Holdings Corp. 3,300 50,209 Yokohama Reito Co., Ltd. 5,400 53,701 # Yokowo Co., Ltd. 1,700 22,474 Yomeishu Seizo Co., Ltd. 1,000 19,218 Yomiuri Land Co., Ltd. 5,000 23,838 Yondenko Corp. 2,100 11,554 Yondoshi Holdings, Inc. 1,600 40,186 Yorozu Corp. 1,900 32,070 # Yoshinoya Holdings Co., Ltd. 2,100 35,507 Yuasa Trading Co., Ltd. 2,000 64,081 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- JAPAN -- (Continued) # Yume No Machi Souzou Iinkai Co., Ltd. 1,600 $ 18,223 # Yumeshin Holdings Co., Ltd. 6,300 42,940 Yurtec Corp. 4,000 27,154 Yusen Logistics Co., Ltd. 2,500 22,649 Yushiro Chemical Industry Co., Ltd. 1,000 13,615 Zenrin Co., Ltd. 1,800 55,397 Zeon Corp. 4,000 49,904 ZERIA Pharmaceutical Co., Ltd. 2,200 38,338 * ZIGExN Co., Ltd. 1,200 17,500 # Zojirushi Corp. 3,500 36,539 Zuiko Corp. 700 24,697 Zuken, Inc. 2,000 26,301 ----------- TOTAL JAPAN 49,021,697 ----------- NETHERLANDS -- (2.1%) Aalberts Industries NV 7,215 315,019 Accell Group 2,934 89,440 AMG Advanced Metallurgical Group NV 1,768 61,032 Amsterdam Commodities NV 1,493 44,349 APERAM SA 4,265 207,293 Arcadis NV 7,494 153,254 ASM International NV 4,588 276,096 BE Semiconductor Industries NV 3,299 214,595 Beter Bed Holding NV 1,921 35,663 # BinckBank NV 10,730 59,022 Boskalis Westminster 9,440 337,637 # Brunel International NV 2,547 39,140 Corbion NV 4,897 158,155 # Flow Traders 2,407 72,886 * Fugro NV 8,042 129,172 Gemalto NV(B9MS8P5) 3,010 153,333 Gemalto NV(B011JK4) 3,836 195,538 * Heijmans NV 1,624 13,734 Hunter Douglas NV 685 59,938 IMCD Group NV 2,132 119,369 Intertrust NV 1,251 21,458 KAS Bank NV 1,902 21,944 Kendrion NV 2,047 87,327 Koninklijke BAM Groep NV 26,614 158,257 Koninklijke Vopak NV 5,275 251,155 * Lucas Bols NV 553 12,958 Nederland Apparatenfabriek 338 15,525 * OCI NV 5,903 126,463 # Ordina NV 2,349 4,389 PostNL NV 48,089 227,619 Refresco Group NV 5,031 98,300 SBM Offshore NV 18,343 317,209 Sligro Food Group NV 2,850 128,907 * Telegraaf Media Groep NV 1,964 13,994 TKH Group NV 3,206 196,085 * TomTom NV 14,846 157,588 Van Lanschot Kempen NV 1,388 41,165 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- NETHERLANDS -- (Continued) # Wessanen 8,503 $ 149,925 ---------- TOTAL NETHERLANDS 4,764,933 ---------- NEW ZEALAND -- (0.8%) #* a2 Milk Co., Ltd. 34,295 113,728 Air New Zealand, Ltd. 41,085 103,434 Briscoe Group, Ltd. 9,711 29,636 Chorus, Ltd. 28,756 96,361 Contact Energy, Ltd. 22,704 91,421 EBOS Group, Ltd. 6,927 94,101 Freightways, Ltd. 12,116 72,328 Genesis Energy, Ltd. 32,503 60,547 Hallenstein Glasson Holdings, Ltd. 5,327 12,392 Heartland Bank, Ltd. 21,704 29,667 Infratil, Ltd. 46,774 108,590 Kathmandu Holdings, Ltd. 8,788 14,988 # Mainfreight, Ltd. 6,428 117,305 Metlifecare, Ltd. 12,041 50,556 New Zealand Refining Co., Ltd. (The) 13,533 25,093 NZME, Ltd. 14,069 9,802 NZX, Ltd. 31,716 28,077 PGG Wrightson, Ltd. 10,577 4,609 # Port of Tauranga, Ltd. 30,765 108,121 Restaurant Brands New Zealand, Ltd. 11,416 54,996 Sanford, Ltd. 6,562 35,761 SKY Network Television, Ltd. 23,513 58,441 SKYCITY Entertainment Group, Ltd. 38,867 117,953 Steel & Tube Holdings, Ltd. 5,579 9,258 Summerset Group Holdings, Ltd. 19,161 69,798 Tilt Renewables, Ltd. 4,827 7,833 Tourism Holdings, Ltd. 6,924 22,270 * Tower, Ltd. 13,924 9,829 Trade Me Group, Ltd. 32,478 133,536 Trustpower, Ltd. 4,827 21,031 Vector, Ltd. 23,021 58,829 Warehouse Group, Ltd. (The) 5,475 8,882 * Xero, Ltd. 4,066 80,561 Z Energy, Ltd. 12,078 70,220 ---------- TOTAL NEW ZEALAND 1,929,954 ---------- NORWAY -- (0.9%) ABG Sundal Collier Holding ASA 24,317 16,866 AF Gruppen ASA 1,653 31,454 * Akastor ASA 9,797 20,070 #* Aker Solutions ASA 9,700 48,514 American Shipping Co. ASA 2,165 6,815 Atea ASA 6,319 77,480 Austevoll Seafood ASA 9,102 80,851 #* Avance Gas Holding, Ltd. 956 2,923 #* Axactor AB 88,387 28,720 Bakkafrost P/F 2,830 111,121 Bonheur ASA 1,685 17,386 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NORWAY -- (Continued) Borregaard ASA 6,733 $ 84,212 BW LPG, Ltd. 6,413 28,917 #* BW Offshore, Ltd. 10,521 32,426 #* DNO ASA 49,587 57,837 Ekornes ASA 1,600 23,209 #* Fred Olsen Energy ASA 3,343 4,887 Frontline, Ltd. 4,352 25,230 Grieg Seafood ASA 6,613 54,289 #* Hexagon Composites ASA 6,540 23,188 Hoegh LNG Holdings, Ltd. 4,064 45,575 * Kongsberg Automotive ASA 47,061 49,862 Kongsberg Gruppen ASA 1,710 29,079 * Kvaerner ASA 10,879 15,879 * Nordic Semiconductor ASA 15,677 77,428 #* Norwegian Air Shuttle ASA 1,507 37,001 * Norwegian Finans Holding ASA 6,176 66,348 Norwegian Property ASA 18,084 22,812 Ocean Yield ASA 3,609 30,831 Odfjell SE Class A 1,000 3,768 Olav Thon Eiendomsselskap ASA 1,471 31,479 Opera Software ASA 6,271 25,943 #* Petroleum Geo-Services ASA 33,331 73,102 * Prosafe SE 573 2,216 # Protector Forsikring ASA 4,456 43,611 #* REC Silicon ASA 140,159 17,204 Scatec Solar ASA 5,129 30,091 #* Seadrill, Ltd. 17,195 6,418 Selvaag Bolig ASA 3,180 14,760 #* Sevan Marine ASA 1,337 2,220 Skandiabanken ASA 2,214 24,920 * Solstad Farstad ASA 1,000 1,194 * Songa Offshore 3,279 14,701 SpareBank 1 SMN 5,204 52,552 SpareBank 1 SR-Bank ASA 8,627 86,105 Stolt-Nielsen, Ltd. 2,682 40,989 TGS NOPEC Geophysical Co. ASA 7,789 164,602 Tomra Systems ASA 9,922 141,025 Treasure ASA 1,741 3,604 Veidekke ASA 6,593 87,153 * Wallenius Wilhelmsen Logistics 1,741 10,883 Wilh Wilhelmsen Holding ASA Class A 1,434 45,082 # XXL ASA 5,889 57,360 ---------- TOTAL NORWAY 2,132,192 ---------- PERU -- (0.0%) * Cautivo Mining, Inc. 2 15 ---------- PORTUGAL -- (0.3%) Altri SGPS SA 7,954 36,124 * Banco Comercial Portugues SA Class R 441,497 125,844 CTT-Correios de Portugal SA 4,149 27,056 Mota-Engil SGPS SA 16,005 45,022 Navigator Co. SA (The) 26,345 113,550 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- PORTUGAL -- (Continued) NOS SGPS SA 16,540 $105,262 # REN - Redes Energeticas Nacionais SGPS SA 34,170 110,728 Semapa-Sociedade de Investimento e Gestao 3,410 66,278 Sonae SGPS SA 125,561 144,290 -------- TOTAL PORTUGAL 774,154 -------- SINGAPORE -- (1.1%) Accordia Golf Trust 26,400 13,729 Ascendas India Trust 64,100 54,373 * Banyan Tree Holdings, Ltd. 7,000 2,840 Best World International, Ltd. 21,400 24,294 * Boustead Projects, Ltd. 6,600 4,543 Boustead Singapore, Ltd. 22,000 15,405 Bukit Sembawang Estates, Ltd. 14,900 74,839 Bund Center Investment, Ltd. 27,000 15,651 China Aviation Oil Singapore Corp., Ltd. 27,800 33,638 Chip Eng Seng Corp., Ltd. 45,000 24,056 Chuan Hup Holdings, Ltd. 87,000 17,329 ComfortDelGro Corp., Ltd. 63,000 107,340 * COSCO Shipping International Singapore Co., Ltd. 21,100 4,743 * Creative Technology, Ltd. 2,650 2,218 CSE Global, Ltd. 40,000 12,243 CWT, Ltd. 12,000 18,320 Del Monte Pacific, Ltd. 72,000 16,454 Delfi, Ltd. 20,200 29,876 * Ezion Holdings, Ltd. 103,220 18,280 #* Ezra Holdings, Ltd. 234,044 1,433 Far East Orchard, Ltd. 11,239 12,831 First Resources, Ltd. 28,300 39,025 Fragrance Group, Ltd. 82,000 9,931 Frasers Centrepoint, Ltd. 23,000 32,672 GK Goh Holdings, Ltd. 17,813 13,395 GL, Ltd. 53,000 28,742 Golden Agri-Resources, Ltd. 361,300 105,204 GuocoLand, Ltd. 14,300 20,094 * Halcyon Agri Corp., Ltd. 25,666 10,428 Haw Par Corp., Ltd. 8,000 62,017 Hi-P International, Ltd. 23,000 17,305 Ho Bee Land, Ltd. 14,000 24,981 Hong Fok Corp., Ltd. 54,120 31,319 Hong Leong Asia, Ltd. 8,000 6,399 Hong Leong Finance, Ltd. 6,400 12,409 Hotel Grand Central, Ltd. 41,024 40,875 Hutchison Port Holdings Trust 193,500 91,855 Hwa Hong Corp., Ltd. 59,000 13,966 Hyflux, Ltd. 27,500 9,733 Indofood Agri Resources, Ltd. 28,000 10,228 k1 Ventures, Ltd. 24,000 12,845 Keppel Infrastructure Trust 176,474 71,610 M1, Ltd. 30,000 39,956 Mandarin Oriental International, Ltd. 13,800 27,899 Metro Holdings, Ltd. 49,200 42,264 * Midas Holdings, Ltd. 114,000 17,220 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) #* Noble Group, Ltd. 75,250 $ 20,776 Olam International, Ltd. 9,600 13,812 OUE, Ltd. 23,000 33,937 Oxley Holdings, Ltd. 57,000 24,375 Perennial Real Estate Holdings, Ltd. 20,600 13,360 * Raffles Education Corp., Ltd. 49,200 7,029 Raffles Medical Group, Ltd. 64,363 61,065 RHT Health Trust 54,900 36,043 Riverstone Holdings, Ltd. 17,200 13,390 Rotary Engineering, Ltd. 17,000 4,511 SATS, Ltd. 29,400 104,749 SBS Transit, Ltd. 15,800 29,956 SembCorp Industries, Ltd. 36,100 85,974 SembCorp Marine, Ltd. 39,100 48,590 Sheng Siong Group, Ltd. 37,000 25,799 SIA Engineering Co., Ltd. 18,900 50,742 SIIC Environment Holdings, Ltd. 58,600 20,973 Sinarmas Land, Ltd. 108,000 33,836 Singapore Post, Ltd. 82,400 79,914 Stamford Land Corp., Ltd. 21,000 8,064 StarHub, Ltd. 36,400 73,314 * Swiber Holdings, Ltd. 17,249 260 * Tat Hong Holdings, Ltd. 35,000 9,546 Tuan Sing Holdings, Ltd. 44,628 11,010 United Engineers, Ltd. 34,000 65,680 United Industrial Corp., Ltd. 16,800 39,784 UOB-Kay Hian Holdings, Ltd. 32,422 33,010 Venture Corp., Ltd. 17,800 172,921 Wheelock Properties Singapore, Ltd. 20,000 27,589 Wing Tai Holdings, Ltd. 37,970 57,140 Yeo Hiap Seng, Ltd. 2,482 2,372 * Yongnam Holdings, Ltd. 26,250 4,553 ---------- TOTAL SINGAPORE 2,510,881 ---------- SPAIN -- (2.0%) Acciona SA 2,932 250,626 Acerinox SA 13,399 172,017 Adveo Group International SA 770 2,863 Alantra Partners SA 1,060 15,862 Almirall SA 5,893 56,998 #* Amper SA 83,878 23,657 Applus Services SA 10,588 136,371 Atresmedia Corp. de Medios de Comunicacion SA 5,727 67,217 Azkoyen SA 2,184 19,925 * Baron de Ley 189 24,031 Bolsas y Mercados Espanoles SHMSF SA 5,922 217,207 Cellnex Telecom SA 10,440 234,820 Cia de Distribucion Integral Logista Holdings SA 2,654 68,529 Cie Automotive SA 3,637 90,022 Construcciones y Auxiliar de Ferrocarriles SA 1,520 67,587 Distribuidora Internacional de Alimentacion SA 35,836 241,374 #* Duro Felguera SA 7,718 6,857 Ebro Foods SA 7,555 180,843 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SPAIN -- (Continued) * eDreams ODIGEO SA 6,328 $ 22,027 Elecnor SA 3,373 46,483 Ence Energia y Celulosa SA 21,492 91,592 Ercros SA 12,127 44,061 Euskaltel SA 7,388 75,540 Faes Farma SA 28,992 91,949 Fluidra SA 3,416 30,013 Grupo Catalana Occidente SA 3,836 170,649 * Grupo Ezentis SA 6,877 5,834 Iberpapel Gestion SA 955 31,714 * Indra Sistemas SA 9,239 142,949 Inmobiliaria Colonial SA 19,628 183,079 #* Liberbank SA 54,406 62,668 Mediaset Espana Comunicacion SA 15,385 193,910 Melia Hotels International SA 9,295 144,073 Miquel y Costas & Miquel SA 1,295 47,931 NH Hotel Group SA 25,888 172,473 # Obrascon Huarte Lain SA 18,131 76,135 Papeles y Cartones de Europa SA 6,195 54,350 * Pescanova SA 1,077 1,758 * Pharma Mar SA 15,603 70,836 * Promotora de Informaciones SA Class A 3,874 14,657 Prosegur Cia de Seguridad SA 17,048 116,521 * Realia Business SA 6,280 8,122 * Sacyr SA 48,475 129,350 Saeta Yield SA 3,428 39,335 Talgo SA 8,642 49,947 Tecnicas Reunidas SA 3,093 109,681 * Tubacex SA 15,597 61,046 * Tubos Reunidos SA 8,287 10,532 Vidrala SA 1,515 118,171 Viscofan SA 3,104 184,669 Zardoya Otis SA 8,549 89,683 ---------- TOTAL SPAIN 4,568,544 ---------- SWEDEN -- (2.9%) AAK AB 1,800 133,048 Acando AB 10,746 36,204 AddLife AB 1,561 32,187 AddNode Group AB 1,396 12,447 AddTech AB Class B 4,997 97,479 AF AB Class B 5,364 117,495 Alimak Group AB 1,351 23,423 # Atrium Ljungberg AB Class B 3,302 56,386 Attendo AB 4,950 62,274 Avanza Bank Holding AB 1,713 70,677 Beijer Alma AB 1,700 49,650 Beijer Ref AB 2,402 72,159 Bergman & Beving AB 2,500 30,973 Betsson AB 10,044 96,593 Bilia AB Class A 8,260 79,802 BillerudKorsnas AB 2,257 35,689 BioGaia AB Class B 1,689 62,974 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWEDEN -- (Continued) Bonava AB 691 $ 12,010 Bonava AB Class B 6,490 113,564 Bufab AB 1,417 15,886 Bulten AB 1,365 20,797 Bure Equity AB 5,487 67,414 # Byggmax Group AB 4,912 39,702 Catena AB 1,487 25,724 Clas Ohlson AB Class B 4,505 92,612 Cloetta AB Class B 22,873 81,857 * Collector AB 1,919 22,854 Com Hem Holding AB 7,688 112,279 Concentric AB 3,360 52,720 Coor Service Management Holding AB 1,790 12,848 Dios Fastigheter AB 8,560 50,054 Dometic Group AB 17,382 146,930 Duni AB 3,495 50,654 Dustin Group AB 4,771 40,019 Eastnine AB 1,559 13,319 #* Eltel AB 2,122 6,750 Fabege AB 9,193 181,574 # Fagerhult AB 5,097 67,088 FastPartner AB 960 15,724 Fenix Outdoor International AG 713 75,336 # Granges AB 6,545 72,347 Gunnebo AB 3,000 15,972 * Haldex AB 3,360 44,849 Hemfosa Fastigheter AB 12,421 152,374 HIQ International AB 4,214 28,176 # Hoist Finance AB 2,266 25,111 Holmen AB Class B 4,045 182,695 Indutrade AB 6,751 166,536 Intrum Justitia AB 4,262 138,683 Inwido AB 4,661 58,596 # ITAB Shop Concept AB Class B 1,515 13,079 JM AB 4,990 175,144 KappAhl AB 6,122 34,828 Karo Pharma AB 9,952 52,093 Kindred Group P.L.C. 17,281 192,326 Klovern AB Class B 36,323 46,401 KNOW IT AB 2,183 35,188 Kungsleden AB 13,274 87,309 Lagercrantz Group AB Class B 7,500 84,920 Lifco AB Class B 2,725 90,852 Lindab International AB 6,541 68,780 Loomis AB Class B 4,265 158,454 * Medivir AB Class B 1,986 16,469 # Mekonomen AB 1,956 41,192 Modern Times Group MTG AB Class B 4,244 147,496 * Momentum Group AB Class B 2,500 25,778 # Mycronic AB 8,284 86,356 NCC AB Class B 4,793 124,712 # Nederman Holding AB 343 9,784 #* Net Insight AB Class B 11,409 7,492 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) NetEnt AB 11,712 $ 113,008 New Wave Group AB Class B 5,046 35,153 Nobia AB 8,067 82,823 Nobina AB 5,280 26,025 Nolato AB Class B 2,054 90,201 NP3 Fastigheter AB 2,119 12,520 Opus Group AB 18,472 16,121 Oriflame Holding AG 2,508 96,283 Pandox AB 2,067 37,180 Peab AB 11,220 131,703 Platzer Fastigheter Holding AB Class B 1,959 12,613 Proact IT Group AB 775 19,820 #* Qliro Group AB 9,126 18,778 Ratos AB Class B 22,672 108,308 * RaySearch Laboratories AB 1,416 34,659 # Recipharm AB Class B 2,773 33,312 Rezidor Hotel Group AB 7,735 29,810 Saab AB Class B 1,396 64,774 Sagax AB Class B 4,140 51,993 * SAS AB 7,999 19,120 Scandi Standard AB 3,865 27,639 Scandic Hotels Group AB 6,463 89,860 Sectra AB Class B 1,190 22,477 SkiStar AB 1,500 33,353 * SSAB AB Class A 3,811 19,408 * SSAB AB Class B(B17H3F6) 1 4 * SSAB AB Class B(BPRBWM6) 21,565 89,387 Sweco AB Class B 4,633 113,152 Systemair AB 1,332 22,609 Thule Group AB 6,029 117,329 VBG Group AB Class B 1,326 22,340 Victoria Park AB Class B 11,569 39,373 Vitrolife AB 1,018 82,461 Wallenstam AB Class B 11,522 117,305 Wihlborgs Fastigheter AB 6,549 159,301 ---------- TOTAL SWEDEN 6,761,369 ---------- SWITZERLAND -- (3.9%) Allreal Holding AG 1,000 181,829 ALSO Holding AG 510 66,693 ams AG 4,508 324,876 APG SGA SA 86 38,791 * Arbonia AG 3,234 61,531 Aryzta AG 4,675 150,231 Ascom Holding AG 3,915 77,537 Autoneum Holding AG 308 74,012 Bachem Holding AG Class B 343 37,980 Bank Cler AG 580 26,061 Banque Cantonale de Geneve 170 28,047 Banque Cantonale Vaudoise 150 108,525 Belimo Holding AG 33 136,829 Bell Food Group AG 140 64,425 Bellevue Group AG 382 7,642 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- SWITZERLAND -- (Continued) # Berner Kantonalbank AG 355 $ 67,239 BFW Liegenschaften AG 329 15,597 BKW AG 1,235 70,372 Bobst Group SA 800 89,068 Bossard Holding AG Class A 359 77,634 Bucher Industries AG 430 143,383 # Burckhardt Compression Holding AG 171 50,790 Burkhalter Holding AG 185 26,211 Cembra Money Bank AG 2,017 180,935 Cham Paper Holding AG 34 13,920 Cie Financiere Tradition SA 68 6,248 Coltene Holding AG 250 25,861 Conzzeta AG 92 96,277 Daetwyler Holding AG 502 82,048 DKSH Holding AG 1,553 122,210 dormakaba Holding AG 194 172,920 * Dottikon Es Holding AG 12 10,917 EFG International AG 8,776 65,165 Emmi AG 195 137,386 Energiedienst Holding AG 1,000 27,303 #* Evolva Holding SA 41,705 19,843 Feintool International Holding AG 84 10,258 Flughafen Zurich AG 1,310 334,101 Forbo Holding AG 139 211,049 GAM Holding AG 16,335 257,538 Georg Fischer AG 269 305,945 Gurit Holding AG 25 30,040 Helvetia Holding AG 478 267,166 Hiag Immobilien Holding AG 507 62,740 # HOCHDORF Holding AG 77 23,089 Huber & Suhner AG 1,285 91,578 Hypothekarbank Lenzburg AG 3 14,084 Implenia AG 1,296 95,845 Inficon Holding AG 149 81,714 Interroll Holding AG 59 77,359 Intershop Holding AG 77 38,082 Jungfraubahn Holding AG 263 31,011 Kardex AG 792 87,292 Komax Holding AG 318 92,888 Kudelski SA 4,680 74,513 LEM Holding SA 41 49,606 Liechtensteinische Landesbank AG 783 39,595 Logitech International SA 10,282 373,185 Luzerner Kantonalbank AG 219 98,476 MCH Group AG 159 12,627 Metall Zug AG Class B 19 79,502 #* Meyer Burger Technology AG 34,979 54,963 Mobilezone Holding AG 2,585 37,423 Mobimo Holding AG 629 179,560 OC Oerlikon Corp. AG 12,397 181,380 * Orascom Development Holding AG 935 6,508 Orior AG 485 36,158 # Panalpina Welttransport Holding AG 762 96,475 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWITZERLAND -- (Continued) Phoenix Mecano AG 71 $ 41,306 Plazza AG Class A 84 19,973 PSP Swiss Property AG 2,405 218,829 Rieter Holding AG 282 65,309 # Romande Energie Holding SA 27 36,435 * Schmolz + Bickenbach AG 47,389 43,567 Schweiter Technologies AG 84 110,553 SFS Group AG 1,070 121,723 Siegfried Holding AG 420 122,140 St Galler Kantonalbank AG 198 88,196 Sulzer AG 1,065 119,481 Sunrise Communications Group AG 1,815 143,138 Swiss Prime Site AG 775 69,961 Swissquote Group Holding SA 990 28,512 Tamedia AG 249 38,371 Tecan Group AG 861 160,580 Temenos Group AG 3,300 318,999 Thurgauer Kantonalbank 118 12,288 u-blox Holding AG 460 91,345 Valiant Holding AG 1,787 210,646 Valora Holding AG 265 87,965 Vaudoise Assurances Holding SA 95 52,849 Vetropack Holding AG 24 50,678 * Von Roll Holding AG 1,435 2,155 Vontobel Holding AG 1,933 128,592 VP Bank AG 130 16,373 VZ Holding AG 198 63,768 Walliser Kantonalbank 399 39,300 Warteck Invest AG 8 16,217 # Ypsomed Holding AG 227 35,444 Zehnder Group AG 909 31,911 # Zug Estates Holding AG Class B 19 36,375 Zuger Kantonalbank AG 13 71,856 ---------- TOTAL SWITZERLAND 9,012,921 ---------- UNITED KINGDOM -- (16.3%) 4imprint Group P.L.C. 3,231 67,348 888 Holdings P.L.C. 11,036 37,497 A.G. Barr P.L.C. 6,780 53,588 AA P.L.C. 46,430 149,617 Aberdeen Asset Management P.L.C. 52,002 226,048 Acacia Mining P.L.C. 12,404 28,535 Aggreko P.L.C. 18,643 208,413 * Aldermore Group P.L.C. 17,252 49,385 Amec Foster Wheeler P.L.C. 60,935 357,440 Anglo Pacific Group P.L.C. 21,303 32,919 Anglo-Eastern Plantations P.L.C. 1,293 14,417 Arrow Global Group P.L.C. 12,003 69,225 Ascential P.L.C. 13,319 63,204 Ashmore Group P.L.C. 29,843 141,674 Auto Trader Group P.L.C. 29,933 151,175 AVEVA Group P.L.C. 1,910 50,003 Avon Rubber P.L.C. 3,999 52,811 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) B&M European Value Retail SA 39,895 $189,604 Balfour Beatty P.L.C. 117,948 410,570 BBA Aviation P.L.C. 94,726 374,634 Beazley P.L.C. 34,508 233,208 Bellway P.L.C. 19,128 805,454 Berendsen P.L.C. 11,728 197,282 BGEO Group P.L.C. 3,162 143,903 Bloomsbury Publishing P.L.C. 3,174 7,526 Bodycote P.L.C. 18,200 218,488 Booker Group P.L.C. 106,110 269,462 Bovis Homes Group P.L.C. 21,285 284,159 Brewin Dolphin Holdings P.L.C. 47,836 226,720 Britvic P.L.C. 17,591 165,651 * BTG P.L.C. 21,570 187,514 * Cairn Energy P.L.C. 56,086 133,153 * Cambian Group P.L.C. 9,466 24,400 Cape P.L.C. 15,327 52,851 Capital & Counties Properties P.L.C. 51,159 194,473 * Carclo P.L.C. 5,442 12,073 Card Factory P.L.C. 13,176 53,232 # Carillion P.L.C. 70,562 52,837 Carr's Group P.L.C. 4,336 8,155 Castings P.L.C. 4,744 28,962 Centamin P.L.C. 92,292 202,431 Charles Taylor P.L.C. 2,461 7,776 Chemring Group P.L.C. 26,505 62,622 Chesnara P.L.C. 11,741 59,114 Cineworld Group P.L.C. 17,346 157,712 * Circassia Pharmaceuticals P.L.C. 12,752 14,905 # Clarkson P.L.C. 2,050 72,357 Close Brothers Group P.L.C. 26,209 532,906 CLS Holdings P.L.C. 15,670 44,010 Cobham P.L.C. 128,320 224,775 Communisis P.L.C. 4,956 3,113 Computacenter P.L.C. 6,264 73,100 Connect Group P.L.C. 19,192 28,109 Consort Medical P.L.C. 5,235 73,566 Costain Group P.L.C. 4,524 27,969 Countrywide P.L.C. 6,154 12,505 Cranswick P.L.C. 7,725 295,763 Crest Nicholson Holdings P.L.C. 19,442 138,044 * CYBG P.L.C. 5,869 20,674 Daejan Holdings P.L.C. 897 77,158 Daily Mail & General Trust P.L.C. 47,478 399,309 Dairy Crest Group P.L.C. 23,544 184,279 De La Rue P.L.C. 9,274 81,639 Debenhams P.L.C. 107,504 60,994 Dechra Pharmaceuticals P.L.C. 2,643 61,840 Devro P.L.C. 20,658 58,848 * Dialight P.L.C. 1,573 18,771 Dignity P.L.C. 4,062 136,583 Diploma P.L.C. 18,131 258,011 Domino's Pizza Group P.L.C. 31,038 109,078 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) Drax Group P.L.C. 41,675 $175,109 DS Smith P.L.C. 75,229 479,219 Dunelm Group P.L.C. 3,275 26,024 * EI Group P.L.C. 52,669 98,916 Electrocomponents P.L.C. 75,355 616,744 Elementis P.L.C. 82,290 321,657 * EnQuest P.L.C. 97,519 43,290 Entertainment One, Ltd. 3,646 11,464 Equiniti Group P.L.C. 8,431 29,237 # Essentra P.L.C. 22,437 158,336 esure Group P.L.C. 19,941 77,895 Euromoney Institutional Investor P.L.C. 6,853 100,172 * Evraz P.L.C. 23,503 73,864 FDM Group Holdings P.L.C. 3,605 43,698 Fenner P.L.C. 33,920 154,127 Ferrexpo P.L.C. 14,004 43,989 Fidessa Group P.L.C. 4,851 144,761 * Findel P.L.C. 2,049 4,896 * Firstgroup P.L.C. 121,150 184,753 * Flybe Group P.L.C. 9,733 4,813 Foxtons Group P.L.C. 12,557 14,876 Fuller Smith & Turner P.L.C. Class A 3,070 41,215 * Future P.L.C. 897 3,770 Galliford Try P.L.C. 6,258 111,903 Games Workshop Group P.L.C. 3,052 64,562 * Gem Diamonds, Ltd. 5,200 5,646 Genus P.L.C. 10,168 231,340 Go-Ahead Group P.L.C. 7,103 168,323 * Gocompare.Com Group P.L.C. 37,856 56,488 Grafton Group P.L.C. 15,253 154,481 Grainger P.L.C. 38,356 133,086 Greencore Group P.L.C. 117,880 347,937 Greene King P.L.C. 25,834 233,376 Greggs P.L.C. 6,546 95,000 GVC Holdings P.L.C. 19,023 192,931 Halfords Group P.L.C. 20,896 91,930 Halma P.L.C. 34,384 498,381 Hays P.L.C. 241,578 531,260 Headlam Group P.L.C. 9,124 70,784 Helical P.L.C. 12,533 57,181 Henry Boot P.L.C. 6,295 25,093 Hill & Smith Holdings P.L.C. 12,829 226,746 Hilton Food Group P.L.C. 5,673 50,608 Hiscox, Ltd. 18,950 324,666 Hochschild Mining P.L.C. 22,160 92,590 HomeServe P.L.C. 15,375 146,967 Howden Joinery Group P.L.C. 108,138 606,531 * Hunting P.L.C. 22,558 139,611 Huntsworth P.L.C. 34,607 33,665 Ibstock P.L.C. 7,178 24,162 IG Group Holdings P.L.C. 21,847 183,506 * Imagination Technologies Group P.L.C. 16,416 31,246 IMI P.L.C. 13,412 212,988 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) Inchcape P.L.C. 29,062 $308,068 Indivior P.L.C. 46,178 233,763 Inmarsat P.L.C. 22,293 228,151 Intermediate Capital Group P.L.C. 15,943 190,632 International Personal Finance P.L.C. 19,163 47,964 Interserve P.L.C. 22,564 67,145 * IP Group P.L.C.(B128J45) 38,998 73,234 IP Group P.L.C.(BZ3T570) 3,000 99 ITE Group P.L.C. 43,356 103,447 IWG P.L.C. 40,642 176,090 J D Wetherspoon P.L.C. 12,668 170,935 * Jackpotjoy P.L.C. 6,049 53,842 James Fisher & Sons P.L.C. 7,776 160,965 Jardine Lloyd Thompson Group P.L.C. 23,553 368,753 JD Sports Fashion P.L.C. 17,986 85,018 * Jimmy Choo P.L.C. 4,140 12,492 John Laing Group P.L.C. 1,590 6,562 John Menzies P.L.C. 12,496 115,600 John Wood Group P.L.C. 26,138 210,948 Jupiter Fund Management P.L.C. 28,851 202,991 Just Group P.L.C. 20,005 38,802 * KAZ Minerals P.L.C. 22,228 210,536 KCOM Group P.L.C. 82,289 99,630 Keller Group P.L.C. 10,322 120,032 Kier Group P.L.C. 17,289 293,831 Ladbrokes Coral Group P.L.C. 65,974 110,093 Laird P.L.C. 58,804 116,030 * Lamprell P.L.C. 23,029 30,084 Lancashire Holdings, Ltd. 19,067 182,942 * Lonmin P.L.C. 19,216 20,979 Lookers P.L.C. 32,633 47,270 Low & Bonar P.L.C. 24,496 27,798 LSL Property Services P.L.C. 4,553 15,261 Macfarlane Group P.L.C. 6,000 4,691 Man Group P.L.C. 121,260 255,995 Management Consulting Group P.L.C. 25,424 2,572 Marshalls P.L.C. 15,859 80,275 Marston's P.L.C. 65,670 100,542 McBride P.L.C. 18,210 45,415 McColl's Retail Group P.L.C. 626 1,928 Mears Group P.L.C. 15,610 101,794 Meggitt P.L.C. 52,690 349,717 Melrose Industries P.L.C. 126,503 387,862 Millennium & Copthorne Hotels P.L.C. 18,286 110,409 Mitchells & Butlers P.L.C. 21,406 68,240 Mitie Group P.L.C. 51,892 182,389 Moneysupermarket.com Group P.L.C. 28,409 124,384 Morgan Advanced Materials P.L.C. 49,788 196,589 Morgan Sindall Group P.L.C. 4,332 78,288 * Mothercare P.L.C. 13,728 18,423 N Brown Group P.L.C. 13,947 57,438 National Express Group P.L.C. 64,577 310,398 NCC Group P.L.C. 13,259 33,891 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) * New World Resources P.L.C. Class A 1,390 $ 1 NEX Group P.L.C. 19,596 172,322 Northgate P.L.C. 15,578 88,854 * Nostrum Oil & Gas P.L.C. 1,582 8,446 Novae Group P.L.C. 5,019 46,742 #* Ocado Group P.L.C. 17,401 69,128 OneSavings Bank P.L.C. 11,462 59,635 * Ophir Energy P.L.C. 80,346 77,343 Oxford Instruments P.L.C. 6,049 83,435 Pagegroup P.L.C. 20,378 131,724 Paragon Group of Cos. P.L.C. (The) 15,778 90,097 PayPoint P.L.C. 3,824 45,190 * Paysafe Group P.L.C. 36,482 283,948 Pendragon P.L.C. 128,518 50,803 Pennon Group P.L.C. 28,152 299,228 * Petra Diamonds, Ltd. 85,892 108,269 Petrofac, Ltd. 9,400 55,542 * Petropavlovsk P.L.C. 187,340 18,106 Pets at Home Group P.L.C. 24,581 52,773 Phoenix Group Holdings 24,762 249,377 Photo-Me International P.L.C. 34,216 73,950 Playtech P.L.C. 15,534 196,855 Polypipe Group P.L.C. 12,946 68,643 Porvair P.L.C. 3,669 24,636 * Premier Foods P.L.C. 58,728 30,420 #* Premier Oil P.L.C. 47,354 37,884 * Punch Taverns P.L.C. 2,054 4,803 * PureTech Health P.L.C. 6,937 12,640 PZ Cussons P.L.C. 19,655 94,156 QinetiQ Group P.L.C. 35,800 113,868 Rank Group P.L.C. 17,299 53,424 Rathbone Brothers P.L.C. 6,306 222,279 * Raven Russia, Ltd. 13,465 8,624 Redrow P.L.C. 35,944 280,880 Renewi P.L.C. 108,447 131,548 Renishaw P.L.C. 6,328 347,826 * Renold P.L.C. 15,469 10,913 Rentokil Initial P.L.C. 94,387 361,739 Restaurant Group P.L.C. (The) 21,002 92,651 Ricardo P.L.C. 6,638 67,615 Rightmove P.L.C. 6,175 342,550 RM P.L.C. 5,224 11,924 Robert Walters P.L.C. 3,752 23,459 Rotork P.L.C. 85,396 260,856 RPC Group P.L.C. 48,161 569,444 RPS Group P.L.C. 23,564 84,766 Saga P.L.C. 33,890 93,333 Savills P.L.C. 11,250 135,666 SDL P.L.C. 7,940 67,379 Senior P.L.C. 73,313 240,509 * Serco Group P.L.C. 105,382 154,286 Servelec Group P.L.C. 2,242 8,536 Severfield P.L.C. 6,026 5,895 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) SIG P.L.C. 91,484 $199,826 Soco International P.L.C. 14,452 23,107 Softcat P.L.C. 5,929 31,201 Spectris P.L.C. 20,439 663,398 Speedy Hire P.L.C. 25,705 18,481 Spirax-Sarco Engineering P.L.C. 4,752 348,792 Spire Healthcare Group P.L.C. 4,159 18,918 Spirent Communications P.L.C. 96,646 150,913 * Sportech P.L.C. 13,686 17,879 * Sports Direct International P.L.C. 10,473 52,398 SSP Group P.L.C. 20,941 140,766 St. Ives P.L.C. 3,000 2,177 St. Modwen Properties P.L.C. 27,334 129,229 Stagecoach Group P.L.C. 22,281 52,997 Sthree P.L.C. 8,744 36,692 Stobart Group, Ltd. 20,228 73,482 Stock Spirits Group P.L.C. 8,910 19,166 SuperGroup P.L.C. 3,746 74,074 Synthomer P.L.C. 47,358 306,065 T Clarke P.L.C. 3,989 4,560 # TalkTalk Telecom Group P.L.C. 32,034 75,978 Tarsus Group P.L.C. 4,955 19,604 Tate & Lyle P.L.C. 63,892 566,541 Ted Baker P.L.C. 4,590 152,322 Telecom Plus P.L.C. 9,318 140,809 Thomas Cook Group P.L.C. 133,576 193,525 Topps Tiles P.L.C. 10,400 11,362 TP ICAP P.L.C. 37,277 239,198 Travis Perkins P.L.C. 18,894 378,416 Trifast P.L.C. 8,353 24,422 Trinity Mirror P.L.C. 33,660 46,424 TT Electronics P.L.C. 10,027 28,131 * Tullow Oil P.L.C. 242,733 539,875 U & I Group P.L.C. 12,900 32,013 UBM P.L.C. 26,254 250,686 UDG Healthcare P.L.C. 22,714 253,593 Ultra Electronics Holdings P.L.C. 11,459 316,710 * Vectura Group P.L.C. 48,154 72,432 Vedanta Resources P.L.C. 2,017 20,486 Vesuvius P.L.C. 23,643 169,457 Victrex P.L.C. 14,376 374,142 Virgin Money Holdings UK P.L.C. 17,740 66,748 Vitec Group P.L.C. (The) 2,000 26,599 * Volex P.L.C. 1,534 1,235 Volution Group P.L.C. 3,055 7,660 Vp P.L.C. 404 4,514 Weir Group P.L.C. (The) 11,222 271,623 WH Smith P.L.C. 7,855 182,482 William Hill P.L.C. 62,704 207,247 Wilmington P.L.C. 6,879 21,591 Wincanton P.L.C. 11,886 40,332 * Wizz Air Holdings P.L.C. 622 21,349 Xaar P.L.C. 10,372 57,835 VA INTERNATIONAL SMALL PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) XP Power, Ltd. 1,056 $ 36,712 ZPG P.L.C. 15,077 72,633 ------------ TOTAL UNITED KINGDOM 37,676,338 ------------ UNITED STATES -- (0.1%) * Janus Henderson Group P.L.C. 4,168 137,661 ------------ TOTAL COMMON STOCKS 209,292,461 ------------ PREFERRED STOCKS -- (0.3%) GERMANY -- (0.3%) * Biotest AG 1,565 42,556 Draegerwerk AG & Co. KGaA 931 100,165 Fuchs Petrolub SE 3,680 218,465 Jungheinrich AG 3,600 142,855 # Sartorius AG 1,804 170,505 Sixt SE 1,265 71,848 STO SE & Co. KGaA 272 38,412 ------------ TOTAL GERMANY 784,806 ------------ TOTAL PREFERRED STOCKS 784,806 ------------ RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Link Administration Holdings, Ltd. Rights 07/17/17 7,556 -- ------------ AUSTRIA -- (0.0%) * Intercell AG Rights 05/16/13 2,073 -- ------------ CANADA -- (0.0%) * QLT, Inc. Warrants 11/23/17 5,800 -- * QLT, Inc. Warrants 11/23/17 Class A 5,800 -- ------------ TOTAL CANADA -- ------------ FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 13,101 -- ------------ TOTAL RIGHTS/WARRANTS -- ------------ TOTAL INVESTMENT SECURITIES 210,077,267 ------------ VALUE+ ------------ SECURITIES LENDING COLLATERAL -- (8.9%) (S)@ DFA Short Term Investment Fund 1,763,271 20,404,571 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $199,654,775)^^ $230,481,838 ============ VA INTERNATIONAL SMALL PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia -- $ 12,616,591 -- $ 12,616,591 Austria -- 3,191,039 -- 3,191,039 Belgium -- 3,621,736 -- 3,621,736 Canada $20,087,588 10,582 -- 20,098,170 China -- 51,392 -- 51,392 Denmark -- 4,001,062 -- 4,001,062 Finland -- 4,803,852 -- 4,803,852 France 61,303 10,805,312 -- 10,866,615 Germany 46,807 12,289,711 -- 12,336,518 Hong Kong 24,005 6,317,650 -- 6,341,655 Ireland -- 1,187,060 -- 1,187,060 Israel 35,982 1,965,471 -- 2,001,453 Italy -- 8,884,659 -- 8,884,659 Japan -- 49,021,697 -- 49,021,697 Netherlands 195,538 4,569,395 -- 4,764,933 New Zealand -- 1,929,954 -- 1,929,954 Norway -- 2,132,192 -- 2,132,192 Peru -- 15 -- 15 Portugal -- 774,154 -- 774,154 Singapore -- 2,510,881 -- 2,510,881 Spain 1,758 4,566,786 -- 4,568,544 Sweden 25,778 6,735,591 -- 6,761,369 Switzerland -- 9,012,921 -- 9,012,921 United Kingdom -- 37,676,338 -- 37,676,338 United States -- 137,661 -- 137,661 Preferred Stocks Germany -- 784,806 -- 784,806 Securities Lending Collateral -- 20,404,571 -- 20,404,571 ----------- ------------ -- ------------ TOTAL $20,478,759 $210,003,079 -- $230,481,838 =========== ============ == ============ VA SHORT-TERM FIXED PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ----------- AGENCY OBLIGATIONS -- (4.4%) Federal Home Loan Bank 1.750%, 12/14/18 3,255 $ 3,272,538 1.250%, 01/16/19 3,000 2,995,974 1.375%, 05/28/19 1,000 999,953 1.625%, 06/14/19 1,200 1,203,985 Federal National Mortgage Association 1.125%, 10/19/18 1,200 1,197,204 1.125%, 12/14/18 500 498,519 1.375%, 01/28/19 500 500,175 ----------- TOTAL AGENCY OBLIGATIONS 10,668,348 ----------- BONDS -- (85.5%) African Development Bank 1.625%, 10/02/18 500 501,042 # 1.000%, 11/02/18 500 497,368 Agence Francaise de Developpement 1.375%, 08/02/19 400 396,694 Apple, Inc. 1.000%, 05/03/18 900 897,477 1.550%, 02/08/19 2,044 2,045,204 1.700%, 02/22/19 500 501,635 Apple, Inc. Floating Rate Note (r) 1.561%, 05/03/18 300 300,668 (r) 1.259%, 02/08/19 1,500 1,501,137 (r) 1.479%, 05/06/19 1,300 1,306,180 Asian Development Bank 0.875%, 04/26/18 500 498,417 Australia & New Zealand Banking Group, Ltd. 1.600%, 07/15/19 500 497,842 Australia & New Zealand Banking Group, Ltd. Floating Rate Note (r) 1.744%, 01/16/18 550 550,900 (r)## 1.930%, 11/16/18 1,500 1,511,049 Bank Nederlandse Gemeenten NV ## 1.000%, 02/12/18 200 199,630 1.375%, 03/19/18 500 499,902 ## 1.125%, 05/25/18 500 498,730 ## 1.000%, 09/20/18 500 497,150 1.375%, 01/28/19 1,300 1,296,387 ## 1.500%, 02/15/19 200 199,812 1.875%, 06/11/19 1,394 1,400,747 Bank of Montreal 1.400%, 09/11/17 500 500,024 Bank of Montreal Floating Rate Note (r) 1.682%, 09/01/17 1,300 1,300,558 (r) 1.904%, 04/09/18 1,000 1,003,107 Bank of Nova Scotia (The) 2.050%, 10/30/18 2,350 2,361,712 FACE AMOUNT (000) VALUE+ ------ ---------- Bank of Nova Scotia (The) Floating Rate Note (r) 1.698%, 06/11/18 414 $ 415,283 Berkshire Hathaway Finance Corp. 1.450%, 03/07/18 2,375 2,376,976 Berkshire Hathaway Finance Corp. Floating Rate Note (r) 1.604%, 01/12/18 2,000 2,002,992 Berkshire Hathaway, Inc. Floating Rate Note (r) 1.329%, 08/06/18 585 585,650 Caisse d'Amortissement de la Dette Sociale ## 1.500%, 01/28/19 1,000 998,640 1.500%, 01/28/19 2,100 2,096,623 Caisse d'Amortissement de la Dette Sociale Floating Rate Note (r)## 1.626%, 03/15/18 500 499,899 Caisse des Depots et Consignations 1.250%, 06/04/18 1,000 996,993 Chevron Corp. 1.365%, 03/02/18 200 199,950 1.790%, 11/16/18 334 335,280 # 1.686%, 02/28/19 130 130,344 1.561%, 05/16/19 1,700 1,699,753 Chevron Corp. Floating Rate Note (r) 1.680%, 05/16/18 497 498,859 (r) 1.690%, 11/16/18 987 993,186 Cisco Systems, Inc. 1.650%, 06/15/18 3,530 3,536,428 2.125%, 03/01/19 1,950 1,968,285 Coca-Cola Co. (The) 1.650%, 11/01/18 181 181,516 Commonwealth Bank of Australia 1.900%, 09/18/17 1,550 1,550,604 ### 1.375%, 09/06/18 1,868 1,862,523 1.750%, 11/02/18 500 500,291 2.250%, 03/13/19 436 439,374 Commonwealth Bank of Australia Floating Rate Note (r)## 2.101%, 11/02/18 925 932,320 #(r) 2.306%, 03/15/19 1,500 1,518,019 Cooperatieve Rabobank UA 1.700%, 03/19/18 500 500,684 2.250%, 01/14/19 4,630 4,672,064 Council Of Europe Development Bank 1.000%, 02/04/19 1,100 1,091,629 # 1.500%, 05/17/19 3,500 3,500,157 Erste Abwicklungsanstalt 1.625%, 02/21/19 1,400 1,398,188 VA SHORT-TERM FIXED PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- European Bank for Reconstruction & Development 1.625%, 11/15/18 1,400 $1,402,531 European Investment Bank 1.125%, 08/15/18 1,500 1,495,770 1.625%, 12/18/18 900 902,167 1.875%, 03/15/19 500 503,119 2.125%, 03/15/19 771 778,799 1.250%, 05/15/19 3,200 3,185,840 Export Development Canada 1.500%, 10/03/18 1,250 1,251,229 1.000%, 11/01/18 500 497,447 Exxon Mobil Corp. 1.439%, 03/01/18 2,100 2,102,071 1.708%, 03/01/19 1,000 1,002,400 Exxon Mobil Corp. Floating Rate Note (r) 1.800%, 02/28/18 1,911 1,917,968 (r) 1.252%, 03/01/18 200 200,020 General Electric Co. 5.250%, 12/06/17 1,900 1,925,143 5.625%, 05/01/18 2,197 2,264,936 General Electric Co. Floating Rate Note (r) 1.449%, 08/07/18 400 400,866 (r) 1.814%, 01/14/19 1,050 1,056,747 Inter-American Development Bank Floating Rate Note (r) 1.273%, 11/26/18 1,959 1,957,997 International Bank for Reconstruction & Development 1.000%, 10/05/18 669 665,830 International Business Machines Corp. # 5.700%, 09/14/17 1,667 1,675,087 Japan Finance Organization for Municipalities 1.500%, 09/12/17 1,000 999,646 Kommunalbanken A.S. 1.125%, 05/23/18 500 498,737 2.125%, 03/15/19 2,950 2,975,901 1.750%, 05/28/19 600 601,546 Kommunalbanken A.S. Floating Rate Note (r) 1.352%, 02/20/18 1,000 1,000,870 Kommunekredit 1.125%, 01/16/18 1,500 1,498,335 Kommuninvest I Sverige AB 1.125%, 10/09/18 1,710 1,702,756 1.000%, 11/13/18 1,000 994,185 Kommuninvest I Sverige AB Floating Rate Note (r) 1.319%, 08/17/18 1,000 1,001,240 FACE AMOUNT (000) VALUE+ ------ ---------- Kreditanstalt fuer Wiederaufbau 1.000%, 09/07/18 3,700 $3,684,501 1.125%, 11/16/18 750 747,401 1.500%, 02/06/19 2,000 2,001,280 1.875%, 04/01/19 200 201,299 Landeskreditbank Baden-Wuerttemberg Foerderbank 1.625%, 02/01/19 500 500,831 Manitoba, Province of Canada 1.750%, 05/30/19 500 500,737 Merck & Co., Inc. Floating Rate Note (r) 1.541%, 05/18/18 2,070 2,075,713 Microsoft Corp. 1.300%, 11/03/18 749 748,318 4.200%, 06/01/19 300 314,421 Municipality Finance P.L.C. ## 1.250%, 09/10/18 1,000 997,319 1.250%, 09/10/18 2,600 2,593,029 1.250%, 04/18/19 650 646,012 1.750%, 05/21/19 2,000 2,005,000 National Australia Bank, Ltd. 1.875%, 07/23/18 465 466,446 2.250%, 07/01/19 1,000 1,007,771 National Australia Bank, Ltd. Floating Rate Note #(r)## 1.953%, 07/23/18 2,150 2,160,384 (r)## 1.551%, 07/25/19 1,000 999,612 Nederlandse Waterschapsbank NV 1.250%, 01/16/18 500 499,749 ## 1.500%, 04/16/18 1,000 1,000,576 0.875%, 07/13/18 1,000 994,712 ## 1.500%, 01/23/19 1,700 1,698,669 1.875%, 03/13/19 1,500 1,506,835 Nestle Holdings, Inc. 1.375%, 07/24/18 600 598,866 Nordea Bank AB Floating Rate Note (r)## 2.107%, 09/17/18 2,000 2,017,014 Nordic Investment Bank 0.875%, 09/27/18 1,000 993,700 Oesterreichische Kontrollbank AG 1.125%, 05/29/18 200 199,573 1.625%, 03/12/19 2,500 2,502,722 1.125%, 04/26/19 300 297,718 Ontario, Province of Canada 3.000%, 07/16/18 500 507,139 2.000%, 09/27/18 200 201,074 # 1.625%, 01/18/19 2,100 2,101,325 2.000%, 01/30/19 2,200 2,213,413 1.250%, 06/17/19 1,323 1,313,313 VA SHORT-TERM FIXED PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ---------- Oracle Corp. 2.375%, 01/15/19 1,787 $1,809,681 Oracle Corp. Floating Rate Note (r) 1.884%, 01/15/19 328 330,457 Pfizer, Inc. # 1.200%, 06/01/18 2,000 1,995,984 2.100%, 05/15/19 1,513 1,528,678 Quebec, Province of Canada Floating Rate Note (r) 1.587%, 07/21/19 800 803,298 Royal Bank of Canada 1.500%, 06/07/18 1,400 1,398,765 2.200%, 07/27/18 1,000 1,006,070 1.800%, 07/30/18 431 432,017 2.150%, 03/15/19 2,100 2,115,693 1.625%, 04/15/19 500 498,957 Royal Bank of Canada Floating Rate Note (r) 1.711%, 10/31/18 1,000 1,001,811 Sanofi 1.250%, 04/10/18 1,000 998,890 Shell International Finance BV 1.900%, 08/10/18 1,500 1,505,475 1.625%, 11/10/18 1,895 1,896,146 Shell International Finance BV Floating Rate Note (r) 1.765%, 11/10/18 440 442,829 State of North Rhine-Westphalia 1.375%, 07/16/18 500 499,549 State of North Rhine-Westphalia Germany 1.125%, 11/21/17 1,500 1,498,605 1.875%, 06/17/19 300 301,081 State of North Rhine-Westphalia Germany Floating Rate Note (r) 1.356%, 11/23/18 3,800 3,806,422 Statoil ASA 3.125%, 08/17/17 1,660 1,661,021 1.150%, 05/15/18 3,030 3,020,986 # 1.950%, 11/08/18 1,650 1,655,529 Statoil ASA Floating Rate Note (r) 1.639%, 11/08/18 500 502,216 Svensk Exportkredit AB 1.125%, 04/05/18 2,000 1,996,286 1.250%, 04/12/19 500 497,362 1.875%, 06/17/19 1,000 1,005,219 Svensk Exportkredit AB Floating Rate Note (r) 1.401%, 10/04/18 3,000 3,002,001 Svenska Handelsbanken AB 2.500%, 01/25/19 3,450 3,488,543 2.250%, 06/17/19 300 302,346 Swedbank AB ## 2.375%, 02/27/19 1,225 1,234,591 FACE AMOUNT (000) VALUE+ ------ ------------ Toronto-Dominion Bank (The) # 1.450%, 09/06/18 600 $ 599,450 2.625%, 09/10/18 2,198 2,223,703 1.950%, 01/22/19 3,450 3,464,811 Toronto-Dominion Bank (The) Floating Rate Note (r) 2.153%, 01/22/19 500 505,030 Total Capital International SA 2.125%, 01/10/19 1,000 1,007,916 Total Capital International SA Floating Rate Note (r) 1.617%, 06/19/19 927 932,161 Total Capital SA 2.125%, 08/10/18 1,593 1,603,896 Toyota Motor Credit Corp. 1.700%, 01/09/19 1,397 1,399,719 2.100%, 01/17/19 700 706,106 Toyota Motor Credit Corp. Floating Rate Note (r) 1.682%, 04/06/18 2,111 2,115,826 (r) 1.764%, 07/13/18 1,500 1,506,142 (r) 1.412%, 08/15/18 500 501,039 (r) 1.694%, 01/17/19 236 237,004 USAA Capital Corp. Floating Rate Note (r)## 1.541%, 02/01/19 3,420 3,425,386 Wal-Mart Stores, Inc. 1.125%, 04/11/18 1,750 1,747,611 Westpac Banking Corp. # 1.600%, 01/12/18 475 475,399 2.250%, 07/30/18 300 301,887 2.250%, 01/17/19 3,275 3,301,148 Westpac Banking Corp. Floating Rate Note (r) 2.051%, 07/30/18 2,320 2,333,574 (r) 1.926%, 11/23/18 250 251,887 ------------ TOTAL BONDS 205,877,740 ------------ U.S. TREASURY OBLIGATIONS -- (2.4%) U.S. Treasury Notes 1.250%, 11/15/18 225 224,859 1.250%, 11/30/18 300 299,813 1.250%, 12/31/18 500 499,688 1.375%, 12/31/18 2,500 2,502,442 1.125%, 01/15/19 1,000 997,305 VA SHORT-TERM FIXED PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ --------- ------------ 1.250%, 01/31/19 1,300 $ 1,298,628 ------------ TOTAL U.S. TREASURY OBLIGATIONS 5,822,735 ------------ TOTAL INVESTMENT SECURITIES 222,368,823 ------------ CERTIFICATES OF DEPOSIT -- (0.9%) Nordea Bank AB 1.560%, 03/07/19 1,000 999,683 1.584%, 04/10/19 1,000 999,666 Nordea Bank Finland PLC 1.610%, 05/02/18 300 299,373 ------------ TOTAL CERTIFICATES OF DEPOSIT 2,298,722 ------------ COMMERCIAL PAPER -- (2.1%) Bank of Nova Scotia (The) 1.580%, 02/28/19 2,000 1,999,378 NRW Bank ## 1.250%, 09/21/17 1,500 1,497,398 Svenska Handelsbanken AB 1.506%, 01/03/19 500 499,859 1.581%, 02/12/19 1,000 999,697 ------------ TOTAL COMMERCIAL PAPER 4,996,332 ------------ SHARES --------- TEMPORARY CASH INVESTMENTS -- (3.0%) State Street Institutional U.S. Government Money Market Fund, 0.940% 7,168,405 7,168,405 ------------ SECURITIES LENDING COLLATERAL -- (1.7%) (S)@ DFA Short Term Investment Fund 346,378 4,008,281 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $240,832,355)^^ $240,840,563 ============ VA SHORT-TERM FIXED PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ------------ ------- ------------ Agency Obligations -- $ 10,668,348 -- $ 10,668,348 Bonds -- 205,877,740 -- 205,877,740 U.S. Treasury Obligations -- 5,822,735 -- 5,822,735 Certificates of Deposit -- 2,298,722 -- 2,298,722 Commercial Paper -- 4,996,332 -- 4,996,332 Temporary Cash Investments $7,168,405 -- -- 7,168,405 Securities Lending Collateral -- 4,008,281 -- 4,008,281 ---------- ------------ -- ------------ TOTAL $7,168,405 $233,672,158 -- $240,840,563 ========== ============ == ============ VA GLOBAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- BONDS -- (98.5%) AUSTRALIA -- (8.3%) Australia & New Zealand Banking Group, Ltd. 2.700%, 11/16/20 1,000 $ 1,017,969 2.550%, 11/23/21 500 502,681 Commonwealth Bank of Australia 2.300%, 03/12/20 500 503,600 2.400%, 11/02/20 3,000 3,025,881 ## 2.000%, 09/06/21 2,000 1,971,004 ## 2.750%, 03/10/22 1,312 1,329,221 National Australia Bank, Ltd. 2.625%, 07/23/20 3,050 3,091,151 1.875%, 07/12/21 500 491,364 2.800%, 01/10/22 3,000 3,046,620 2.500%, 05/22/22 1,587 1,584,762 Westpac Banking Corp. 2.300%, 05/26/20 2,000 2,014,530 2.100%, 05/13/21 1,200 1,191,986 2.800%, 01/11/22 4,400 4,479,372 ----------- TOTAL AUSTRALIA 24,250,141 ----------- AUSTRIA -- (0.9%) Oesterreichische Kontrollbank AG 1.500%, 10/21/20 939 930,258 1.875%, 01/20/21 1,700 1,701,260 ----------- TOTAL AUSTRIA 2,631,518 ----------- CANADA -- (19.7%) Alberta, Province of Canada ## 1.750%, 08/26/20 3,000 2,987,133 1.350%, 09/01/21 CAD 4,000 3,124,572 Bank of Montreal 1.900%, 08/27/21 3,930 3,896,823 Bank of Nova Scotia (The) 2.350%, 10/21/20 3,652 3,681,117 2.450%, 03/22/21 1,667 1,681,720 2.700%, 03/07/22 2,300 2,325,422 CPPIB Capital, Inc. 2.250%, 01/25/22 1,500 1,512,540 ## 2.250%, 01/25/22 2,000 2,016,720 Province of British Columbia Canada 2.650%, 09/22/21 500 513,893 3.250%, 12/18/21 CAD 2,500 2,109,765 Province of Manitoba Canada 2.050%, 11/30/20 5,800 5,826,587 1.550%, 09/05/21 CAD 2,000 1,574,895 Province of Ontario Canada 2.500%, 09/10/21 928 943,173 2.400%, 02/08/22 3,000 3,031,530 3.150%, 06/02/22 CAD 1,700 1,427,264 FACE AMOUNT^ (000) VALUE+ ------- ----------- CANADA -- (Continued) Province of Quebec Canada 2.375%, 01/31/22 5,500 $ 5,556,875 Royal Bank of Canada 2.350%, 10/30/20 1,369 1,382,040 2.500%, 01/19/21 1,500 1,518,652 2.750%, 02/01/22 5,083 5,182,479 Toronto-Dominion Bank (The) 2.500%, 12/14/20 1,800 1,827,841 2.125%, 04/07/21 1,780 1,783,610 1.800%, 07/13/21 2,000 1,978,314 1.994%, 03/23/22 CAD 1,000 789,364 Total Capital Canada, Ltd. 1.125%, 03/18/22 EUR 1,000 1,227,915 ----------- TOTAL CANADA 57,900,244 ----------- DENMARK -- (1.9%) Nordea Bank AB ## 2.500%, 09/17/20 3,500 3,539,259 ## 2.250%, 05/27/21 2,000 1,993,960 ----------- TOTAL DENMARK 5,533,219 ----------- FINLAND -- (0.4%) Municipality Finance P.L.C. 1.375%, 09/21/21 1,000 974,290 OP Corporate Bank P.L.C. 0.750%, 03/03/22 EUR 200 241,359 ----------- TOTAL FINLAND 1,215,649 ----------- FRANCE -- (4.2%) Agence Francaise de Developpement 1.625%, 01/21/20 1,600 1,589,440 Caisse d'Amortissement de la Dette Sociale 2.000%, 03/22/21 1,800 1,803,962 1.875%, 02/12/22 500 495,135 Dexia Credit Local SA 1.875%, 09/15/21 1,000 980,238 French Republic Government Bond OAT 3.000%, 04/25/22 EUR 1,000 1,359,311 --%, 05/25/22 EUR 3,940 4,682,177 Sanofi 4.000%, 03/29/21 1,306 1,391,425 ----------- TOTAL FRANCE 12,301,688 ----------- GERMANY -- (2.7%) Kreditanstalt fuer Wiederaufbau 2.625%, 01/25/22 2,000 2,058,056 2.125%, 03/07/22 5,000 5,034,590 VA GLOBAL BOND PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ----------- GERMANY -- (Continued) Landeskreditbank Baden-Wuerttemberg Foerderbank 1.375%, 07/21/21 993 $ 971,493 ----------- TOTAL GERMANY 8,064,139 ----------- IRELAND -- (2.6%) GE Capital International Funding Co., Unlimited Co. 2.342%, 11/15/20 7,600 7,680,970 ----------- NETHERLANDS -- (9.4%) Bank Nederlandse Gemeenten NV 1.625%, 04/19/21 4,800 4,745,933 ## 2.375%, 02/01/22 3,000 3,041,430 Cooperatieve Rabobank UA 4.500%, 01/11/21 1,000 1,077,639 2.500%, 01/19/21 4,200 4,248,107 # 2.750%, 01/10/22 1,300 1,325,080 4.000%, 01/11/22 EUR 850 1,171,529 4.750%, 06/06/22 EUR 300 430,604 Nederlandse Waterschapsbank NV 1.875%, 04/14/22 3,000 2,971,320 Shell International Finance BV 2.125%, 05/11/20 2,200 2,217,622 2.250%, 11/10/20 2,000 2,020,622 1.750%, 09/12/21 4,000 3,951,376 1.250%, 03/15/22 EUR 300 371,855 ----------- TOTAL NETHERLANDS 27,573,117 ----------- NEW ZEALAND -- (0.0%) ANZ New Zealand International, Ltd. 0.400%, 03/01/22 EUR 100 118,380 ----------- NORWAY -- (3.3%) Kommunalbanken A.S. 1.625%, 02/10/21 1,458 1,445,578 2.250%, 01/25/22 6,700 6,760,735 Statoil ASA 2.900%, 11/08/20 1,500 1,539,020 ----------- TOTAL NORWAY 9,745,333 ----------- SINGAPORE -- (1.8%) Singapore Government Bond 2.250%, 06/01/21 SGD 2,000 1,515,257 1.750%, 04/01/22 SGD 2,500 1,862,598 Temasek Financial I, Ltd. 0.500%, 03/01/22 EUR 1,470 1,758,530 ----------- TOTAL SINGAPORE 5,136,385 ----------- FACE AMOUNT^ (000) VALUE+ ------- ----------- SUPRANATIONAL ORGANIZATION OBLIGATIONS -- (3.8%) Asian Development Bank 1.625%, 03/16/21 333 $ 330,865 Council Of Europe Development Bank 1.625%, 03/16/21 1,000 991,575 European Investment Bank # 1.625%, 12/15/20 2,500 2,487,925 2.000%, 03/15/21 1,500 1,508,262 1.625%, 06/15/21 600 594,953 1.375%, 09/15/21 2,400 2,346,624 International Bank for Reconstruction & Development 2.000%, 01/26/22 500 501,230 Nordic Investment Bank 2.125%, 02/01/22 2,500 2,519,200 ----------- TOTAL SUPRANATIONAL ORGANIZATION OBLIGATIONS 11,280,634 ----------- SWEDEN -- (8.0%) Kommuninvest I Sverige AB 0.250%, 06/01/22 SEK 52,000 6,325,975 Nordea Bank AB 2.000%, 02/17/21 EUR 150 189,476 Skandinaviska Enskilda Banken AB 0.300%, 02/17/22 EUR 300 356,490 Svensk Exportkredit AB 1.750%, 08/28/20 3,300 3,296,304 1.750%, 03/10/21 3,000 2,985,747 Svenska Handelsbanken AB ## 5.125%, 03/30/20 2,000 2,155,210 2.400%, 10/01/20 500 506,247 # 2.450%, 03/30/21 1,703 1,714,821 Sweden Government Bond 3.500%, 06/01/22 SEK 42,000 6,071,829 ----------- TOTAL SWEDEN 23,602,099 ----------- UNITED STATES -- (31.5%) 3M Co. 0.375%, 02/15/22 EUR 100 118,786 Alphabet, Inc. 3.625%, 05/19/21 1,000 1,064,281 Apple, Inc. 2.250%, 02/23/21 3,891 3,925,291 2.850%, 05/06/21 500 515,210 1.550%, 08/04/21 1,000 981,799 2.500%, 02/09/22 1,700 1,723,681 Berkshire Hathaway Finance Corp. # 4.250%, 01/15/21 1,000 1,078,617 Berkshire Hathaway, Inc. # 2.200%, 03/15/21 5,310 5,362,468 VA GLOBAL BOND PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- UNITED STATES -- (Continued) Chevron Corp. 1.961%, 03/03/20 2,800 $2,812,639 2.419%, 11/17/20 700 709,869 2.411%, 03/03/22 500 505,001 2.498%, 03/03/22 1,500 1,518,707 Cisco Systems, Inc. 2.450%, 06/15/20 2,201 2,243,944 2.200%, 02/28/21 1,500 1,512,260 Coca-Cola Co. (The) 1.875%, 10/27/20 6,000 6,016,410 3.300%, 09/01/21 1,000 1,050,763 2.200%, 05/25/22 210 210,885 Colgate-Palmolive Co. 2.300%, 05/03/22 3,487 3,516,884 Exxon Mobil Corp. 1.912%, 03/06/20 1,074 1,078,654 2.222%, 03/01/21 3,210 3,240,598 General Electric Co. 0.375%, 05/17/22 EUR 700 828,920 International Business Machines Corp. 1.625%, 05/15/20 2,000 1,991,394 2.250%, 02/19/21 4,500 4,534,970 2.500%, 01/27/22 1,000 1,013,654 Johnson & Johnson 1.650%, 03/01/21 1,400 1,391,363 2.250%, 03/03/22 1,200 1,214,717 Merck & Co., Inc. 1.850%, 02/10/20 2,404 2,411,351 3.875%, 01/15/21 1,500 1,591,722 2.350%, 02/10/22 2,500 2,532,560 Microsoft Corp. 2.000%, 11/03/20 1,000 1,007,226 1.550%, 08/08/21 1,500 1,476,480 2.400%, 02/06/22 3,621 3,667,914 Nestle Holdings, Inc. 1.375%, 07/13/21 1,000 976,209 Oracle Corp. 2.800%, 07/08/21 2,707 2,787,939 1.900%, 09/15/21 3,500 3,480,743 2.500%, 05/15/22 750 760,501 Pfizer, Inc. 1.950%, 06/03/21 5,000 5,004,925 5.750%, 06/03/21 EUR 500 719,430 2.200%, 12/15/21 2,000 2,020,550 0.250%, 03/06/22 EUR 500 592,398 Procter & Gamble Co. (The) 1.850%, 02/02/21 2,307 2,305,221 2.300%, 02/06/22 1,000 1,013,689 Roche Holdings, Inc. 6.500%, 03/04/21 EUR 300 438,180 FACE AMOUNT^ (000) VALUE+ ------- ------------ UNITED STATES -- (Continued) Toyota Motor Credit Corp. 2.150%, 03/12/20 1,300 $ 1,310,205 1.900%, 04/08/21 3,524 3,504,625 2.750%, 05/17/21 2,000 2,046,728 2.600%, 01/11/22 1,000 1,020,910 USAA Capital Corp. ## 2.000%, 06/01/21 1,000 988,292 Wal-Mart Stores, Inc. 4.250%, 04/15/21 800 865,602 ------------ TOTAL UNITED STATES 92,685,165 ------------ TOTAL BONDS 289,718,681 ------------ AGENCY OBLIGATIONS -- (0.2%) Federal Home Loan Bank 1.875%, 11/29/21 500 502,131 ------------ TOTAL INVESTMENT SECURITIES 290,220,812 ------------ SHARES ------- SECURITIES LENDING COLLATERAL -- (1.3%) (S)@ DFA Short Term Investment Fund 341,730 3,954,504 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $292,050,694)^^ $294,175,316 ============ VA GLOBAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Bonds Australia -- $ 24,250,141 -- $ 24,250,141 Austria -- 2,631,518 -- 2,631,518 Canada -- 57,900,244 -- 57,900,244 Denmark -- 5,533,219 -- 5,533,219 Finland -- 1,215,649 -- 1,215,649 France -- 12,301,688 -- 12,301,688 Germany -- 8,064,139 -- 8,064,139 Ireland -- 7,680,970 -- 7,680,970 Netherlands -- 27,573,117 -- 27,573,117 New Zealand -- 118,380 -- 118,380 Norway -- 9,745,333 -- 9,745,333 Singapore -- 5,136,385 -- 5,136,385 Supranational Organization Obligations -- 11,280,634 -- 11,280,634 Sweden -- 23,602,099 -- 23,602,099 United States -- 92,685,165 -- 92,685,165 Agency Obligations -- 502,131 -- 502,131 Securities Lending Collateral -- 3,954,504 -- 3,954,504 Forward Currency Contracts** -- (1,049,754) -- (1,049,754) -- ------------ -- ------------ TOTAL -- $293,125,562 -- $293,125,562 == ============ == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. VIT INFLATION - PROTECTED SECURITIES PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^^^ (000) VALUE+ --------- ------------ U.S. TREASURY OBLIGATIONS -- (99.9%) Treasury Inflation Protected Security 0.125%, 01/15/23 5,755 $ 6,078,983 0.375%, 07/15/23 7,690 8,184,032 0.625%, 01/15/24 9,030 9,661,165 0.125%, 07/15/24 10,150 10,337,286 0.250%, 01/15/25 9,390 9,587,619 2.375%, 01/15/25 5,235 7,777,031 0.375%, 07/15/25 10,690 11,019,470 0.625%, 01/15/26 10,250 10,684,739 2.000%, 01/15/26 4,255 5,907,659 0.125%, 07/15/26 9,150 9,065,678 2.375%, 01/15/27 3,925 5,577,068 1.750%, 01/15/28 3,730 4,883,883 3.625%, 04/15/28 3,292 6,535,100 2.500%, 01/15/29 4,200 5,788,285 3.875%, 04/15/29 3,040 6,168,039 3.375%, 04/15/32 1,420 2,702,699 ------------ TOTAL U.S. TREASURY OBLIGATIONS 119,958,736 ------------ TOTAL INVESTMENT SECURITIES 119,958,736 ------------ SHARES VALUE+ --------- ------------ TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% 105,233 105,233 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $121,096,753)^^ $120,063,969 ============ VIT INFLATION - PROTECTED SECURITIES PORTFOLIO CONTINUED Summary of the Fund's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------- ------------ ------- ------------ U.S. Treasury Obligations -- $119,958,736 -- $119,958,736 Temporary Cash Investments $105,233 -- -- 105,233 -------- ------------ -- ------------ TOTAL $105,233 $119,958,736 -- $120,063,969 ======== ============ == ============ DFA VA GLOBAL MODERATE ALLOCATION PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ------------ AFFILIATED INVESTMENT COMPANIES -- (99.9%) Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group Inc. 1,880,622 $ 37,537,215 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 1,299,487 17,712,008 Investment in DFA Selectively Hedged Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 1,618,596 15,748,937 Investment in VA Global Bond Portfolio of DFA Investment Dimensions Group Inc. 1,454,040 15,747,253 Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 637,965 13,384,504 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 294,545 6,347,438 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 631,189 6,292,951 Investment in VA Short-Term Fixed Portfolio of DFA Investment Dimensions Group Inc. 613,946 6,292,951 Investment in VA U.S. Large Value Portfolio of DFA Investment Dimensions Group Inc. 104,223 2,685,828 Investment in DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. 61,137 2,158,121 Investment in VA International Value Portfolio of DFA Investment Dimensions Group Inc. 153,313 1,974,671 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $109,447,246) 125,881,877 ------------ TEMPORARY CASH INVESTMENTS -- (0.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% (Cost $113,890) 113,890 113,890 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $109,561,136)^^ $125,995,767 ============ DFA VA GLOBAL MODERATE ALLOCATION PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ----------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------- ------- ------------ Affiliated Investment Companies $125,881,877 -- -- $125,881,877 Temporary Cash Investments 113,890 -- -- 113,890 ------------ -- -- ------------ TOTAL $125,995,767 -- -- $125,995,767 ============ == == ============ U.S. LARGE CAP GROWTH PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- COMMON STOCKS -- (92.4%) Consumer Discretionary -- (17.8%) * Amazon.com, Inc. 57,868 $57,160,853 Aramark 63,200 2,519,152 Brunswick Corp. 5,070 287,013 * Burlington Stores, Inc. 9,770 850,283 #* CarMax, Inc. 30,192 2,000,220 Carter's, Inc. 15,796 1,369,987 CBS Corp. Class B 76,728 5,051,004 CBS Corp. Class A 700 46,263 # Cinemark Holdings, Inc. 18,990 738,711 Coach, Inc. 87,359 4,118,103 Darden Restaurants, Inc. 49,578 4,158,603 Delphi Automotive P.L.C. 45,022 4,070,889 * DISH Network Corp. Class A 36,846 2,359,249 Dollar General Corp. 40,468 3,041,575 # Dunkin' Brands Group, Inc. 2,071 109,825 # Gap, Inc. (The) 81,988 1,953,774 Genuine Parts Co. 33,330 2,830,717 # Hanesbrands, Inc. 138,918 3,184,001 # Harley-Davidson, Inc. 88,754 4,319,657 Hasbro, Inc. 53,117 5,624,028 Hilton Worldwide Holdings, Inc. 48,010 3,002,065 Home Depot, Inc. (The) 256,987 38,445,255 Interpublic Group of Cos., Inc. (The) 169,089 3,654,013 Las Vegas Sands Corp. 62,027 3,821,483 # Leggett & Platt, Inc. 46,052 2,218,785 * Live Nation Entertainment, Inc. 72,132 2,688,360 Lowe's Cos., Inc. 173,941 13,463,033 #* Lululemon Athletica, Inc. 9,206 567,458 Marriott International, Inc. Class A 16,498 1,718,927 McDonald's Corp. 15,927 2,470,915 * Michael Kors Holdings, Ltd. 3,970 144,667 NIKE, Inc. Class B 171,428 10,122,823 # Nordstrom, Inc. 61,859 3,004,492 * NVR, Inc. 1,441 3,761,644 #* O'Reilly Automotive, Inc. 17,670 3,609,981 # Omnicom Group, Inc. 103,229 8,128,251 # Polaris Industries, Inc. 25,316 2,269,833 Pool Corp. 16,700 1,805,604 * Priceline Group, Inc. (The) 2,754 5,586,489 Ross Stores, Inc. 63,156 3,493,790 # Scripps Networks Interactive, Inc. Class A 34,195 2,988,985 # Service Corp. International 77,715 2,699,042 * ServiceMaster Global Holdings, Inc. 58,850 2,587,046 # Six Flags Entertainment Corp. 1,644 93,494 Starbucks Corp. 295,135 15,931,387 #* Tempur Sealy International, Inc. 14,766 851,555 Thor Industries, Inc. 6,848 721,437 # Tiffany & Co. 1,368 130,658 TJX Cos., Inc. (The) 123,874 8,709,581 # Tractor Supply Co. 28,888 1,621,195 Twenty-First Century Fox, Inc. Class A 3,751 109,154 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Consumer Discretionary -- (Continued) * Ulta Salon Cosmetics & Fragrance, Inc. 13,865 $ 3,483,027 Vail Resorts, Inc. 15,055 3,172,992 # VF Corp. 27,876 1,733,608 Walt Disney Co. (The) 168,155 18,485,279 # Williams-Sonoma, Inc. 20,148 935,472 Wyndham Worldwide Corp. 47,661 4,974,379 # Wynn Resorts, Ltd. 43,166 5,583,090 Yum! Brands, Inc. 12,200 920,856 ------------ Total Consumer Discretionary 295,504,012 ------------ Consumer Staples -- (10.7%) Altria Group, Inc. 400,943 26,049,267 #* Blue Buffalo Pet Products, Inc. 51,450 1,150,937 # British American Tobacco P.L.C. Sponsored ADR 1 50 Brown-Forman Corp. Class A 15,971 823,145 # Brown-Forman Corp. Class B 85,765 4,236,791 Campbell Soup Co. 133,322 7,043,401 # Casey's General Stores, Inc. 15,128 1,614,914 Church & Dwight Co., Inc. 76,735 4,093,812 Clorox Co. (The) 57,182 7,633,225 Coca-Cola Co. (The) 393,494 18,037,765 Constellation Brands, Inc. Class A 18,546 3,585,869 Costco Wholesale Corp. 88,104 13,965,365 Dr Pepper Snapple Group, Inc. 118,620 10,813,399 Estee Lauder Cos., Inc. (The) Class A 20,027 1,982,473 General Mills, Inc. 104,412 5,811,572 #* Herbalife, Ltd. 34,044 2,264,266 Hershey Co. (The) 20,120 2,118,837 # Hormel Foods Corp. 37,976 1,297,640 Ingredion, Inc. 16,397 2,022,078 # Kellogg Co. 39,184 2,664,512 Kimberly-Clark Corp. 67,976 8,371,924 # McCormick & Co., Inc. Non-Voting 20,156 1,920,867 McCormick & Co., Inc. Voting 600 57,168 * Monster Beverage Corp. 23,100 1,218,525 # National Beverage Corp. 1,188 121,319 PepsiCo, Inc. 302,162 35,235,111 #* Pilgrim's Pride Corp. 60,125 1,460,436 Procter & Gamble Co. (The) 65,179 5,919,557 #* Rite Aid Corp. 233,046 522,023 # Spectrum Brands Holdings, Inc. 10,201 1,177,603 Sysco Corp. 85,569 4,502,641 ------------ Total Consumer Staples 177,716,492 ------------ Energy -- (0.3%) # Core Laboratories NV 10,938 1,099,597 ONEOK, Inc. 78,419 4,436,163 ------------ Total Energy 5,535,760 ------------ Financials -- (2.3%) American Express Co. 1,766 150,516 Aon P.L.C. 32,875 4,542,339 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Financials -- (Continued) * Credit Acceptance Corp. 3,718 $ 926,154 Eaton Vance Corp. 35,202 1,728,066 Erie Indemnity Co. Class A 10,553 1,345,085 # FactSet Research Systems, Inc. 14,855 2,484,053 Lazard, Ltd. Class A 40,060 1,871,203 MarketAxess Holdings, Inc. 8,581 1,740,999 Marsh & McLennan Cos., Inc. 96,020 7,486,679 MSCI, Inc. 40,997 4,466,623 S&P Global, Inc. 48,433 7,438,825 SEI Investments Co. 23,421 1,323,521 # T Rowe Price Group, Inc. 27,749 2,295,397 ------------ Total Financials 37,799,460 ------------ Health Care -- (14.5%) AbbVie, Inc. 335,585 23,460,747 AmerisourceBergen Corp. 61,701 5,788,788 Amgen, Inc. 78,509 13,700,606 Becton Dickinson and Co. 26,819 5,401,347 * Biogen, Inc. 37,892 10,973,144 * Bioverativ, Inc. 18,946 1,174,084 Bristol-Myers Squibb Co. 219,931 12,514,074 Cardinal Health, Inc. 41,999 3,244,843 * Celgene Corp. 96,624 13,083,856 * Cerner Corp. 59,607 3,836,903 * Charles River Laboratories International, Inc. 500 49,100 CR Bard, Inc. 12,842 4,117,145 * Edwards Lifesciences Corp. 35,940 4,139,569 Eli Lilly & Co. 93,453 7,724,825 Gilead Sciences, Inc. 210,980 16,053,468 HealthSouth Corp. 22,702 966,197 * Henry Schein, Inc. 16,831 3,066,776 Hill-Rom Holdings, Inc. 2,700 201,204 #* Hologic, Inc. 83,938 3,710,899 * IDEXX Laboratories, Inc. 30,716 5,112,985 * Illumina, Inc. 5,040 876,204 #* Jazz Pharmaceuticals P.L.C. 9,660 1,483,873 Johnson & Johnson 386,517 51,298,536 McKesson Corp. 27,970 4,527,504 Merck & Co., Inc. 41,002 2,619,208 * Mettler-Toledo International, Inc. 11,085 6,352,592 * PRA Health Sciences, Inc. 570 42,408 * Regeneron Pharmaceuticals, Inc. 3,351 1,647,419 # ResMed, Inc. 18,282 1,409,908 UnitedHealth Group, Inc. 124,296 23,841,216 #* Varian Medical Systems, Inc. 15,137 1,470,105 * VCA, Inc. 10,935 1,012,362 * Waters Corp. 1,814 314,620 Zoetis, Inc. 87,453 5,467,561 ------------ Total Health Care 240,684,076 ------------ Industrials -- (18.0%) 3M Co. 126,414 25,430,704 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # Acuity Brands, Inc. 5,167 $ 1,047,093 Alaska Air Group, Inc. 29,209 2,489,483 Allegion P.L.C. 33,534 2,724,302 Allison Transmission Holdings, Inc. 66,816 2,525,645 # American Airlines Group, Inc. 119,676 6,036,458 # AO Smith Corp. 35,388 1,895,027 Boeing Co. (The) 120,718 29,269,286 BWX Technologies, Inc. 25,191 1,327,062 Caterpillar, Inc. 61,825 7,044,959 # CH Robinson Worldwide, Inc. 83,677 5,489,211 # Cintas Corp. 44,334 5,978,440 * Copart, Inc. 79,903 2,516,146 Deere & Co. 49,546 6,355,761 # Donaldson Co., Inc. 36,656 1,740,793 Emerson Electric Co. 109,897 6,550,960 Equifax, Inc. 29,959 4,357,237 # Expeditors International of Washington, Inc. 49,897 2,937,935 # Fastenal Co. 118,433 5,087,882 Fortive Corp. 41,651 2,696,486 General Dynamics Corp. 50,264 9,868,331 # Graco, Inc. 8,694 1,008,852 * HD Supply Holdings, Inc. 52,387 1,702,054 HEICO Corp. 8,000 642,960 HEICO Corp. Class A 11,471 815,015 Hexcel Corp. 9,467 484,426 Honeywell International, Inc. 102,585 13,963,870 Hubbell, Inc. 6,680 793,517 Huntington Ingalls Industries, Inc. 20,490 4,223,194 IDEX Corp. 16,570 1,931,068 Illinois Tool Works, Inc. 58,914 8,289,789 JB Hunt Transport Services, Inc. 65,693 5,959,012 KAR Auction Services, Inc. 26,356 1,108,006 # Lennox International, Inc. 15,817 2,704,707 Lincoln Electric Holdings, Inc. 14,258 1,244,153 Lockheed Martin Corp. 52,819 15,430,015 #* Middleby Corp. (The) 12,935 1,690,346 MSC Industrial Direct Co., Inc. Class A 7,668 546,038 Nielsen Holdings P.L.C. 44,798 1,926,762 # Nordson Corp. 19,428 2,467,356 Northrop Grumman Corp. 31,079 8,177,817 Old Dominion Freight Line, Inc. 8,923 855,805 Parker-Hannifin Corp. 12,574 2,087,033 Pitney Bowes, Inc. 3,600 56,664 Raytheon Co. 33,316 5,722,689 Robert Half International, Inc. 47,308 2,140,687 Rockwell Automation, Inc. 30,590 5,048,268 Rockwell Collins, Inc. 24,140 2,571,634 # Rollins, Inc. 38,736 1,681,530 #* Sensata Technologies Holding NV 11,511 519,376 # Snap-on, Inc. 7,946 1,225,273 Southwest Airlines Co. 80,678 4,478,436 Spirit Aerosystems Holdings, Inc. Class A 27,480 1,660,616 Toro Co. (The) 31,222 2,219,572 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) * TransUnion 25,284 $ 1,158,766 Union Pacific Corp. 169,716 17,473,959 United Parcel Service, Inc. Class B 139,515 15,387,109 * United Rentals, Inc. 52,476 6,242,545 United Technologies Corp. 2,178 258,246 * Verisk Analytics, Inc. 38,743 3,380,714 * WABCO Holdings, Inc. 17,367 2,389,178 Waste Management, Inc. 100,007 7,515,526 # Watsco, Inc. 6,690 1,008,651 # WW Grainger, Inc. 28,407 4,736,583 ------------ Total Industrials 298,297,018 ------------ Information Technology -- (21.1%) Accenture P.L.C. Class A 125,110 16,116,670 Alliance Data Systems Corp. 31,449 7,592,732 Amphenol Corp. Class A 49,682 3,806,635 Apple, Inc. 407,093 60,546,942 Applied Materials, Inc. 129,724 5,748,070 Automatic Data Processing, Inc. 76,888 9,142,752 #* Black Knight Financial Services, Inc. Class A 2,843 120,828 Booz Allen Hamilton Holding Corp. 52,858 1,813,029 Broadcom, Ltd. 795 196,095 Broadridge Financial Solutions, Inc. 28,843 2,188,030 * Cadence Design Systems, Inc. 66,600 2,457,540 CDK Global, Inc. 54,686 3,597,245 CDW Corp. 96,150 6,098,795 * Citrix Systems, Inc. 61,695 4,872,671 * CommScope Holding Co., Inc. 66,849 2,458,706 CSRA, Inc. 48,793 1,591,140 DXC Technology Co. 22,379 1,754,066 * Electronic Arts, Inc. 24,266 2,832,813 * Euronet Worldwide, Inc. 7,400 714,914 * F5 Networks, Inc. 23,323 2,816,252 #* First Data Corp. Class A 121,889 2,274,449 * Fiserv, Inc. 48,037 6,172,755 * Gartner, Inc. 22,494 2,886,430 Genpact, Ltd. 7,766 225,214 Harris Corp. 37,735 4,319,525 International Business Machines Corp. 200,051 28,941,378 Intuit, Inc. 43,616 5,984,551 * IPG Photonics Corp. 129 19,691 # Jack Henry & Associates, Inc. 32,764 3,516,232 * Keysight Technologies, Inc. 24,203 1,006,603 KLA-Tencor Corp. 66,969 6,203,338 Mastercard, Inc. Class A 199,551 25,502,618 Maxim Integrated Products, Inc. 55,215 2,508,970 MAXIMUS, Inc. 8,966 541,188 Microsoft Corp. 569,535 41,405,195 * NCR Corp. 38,535 1,458,550 NVIDIA Corp. 35,734 5,807,132 Paychex, Inc. 62,724 3,628,583 * Red Hat, Inc. 13,431 1,327,923 # Sabre Corp. 87,372 1,933,542 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) # Seagate Technology P.L.C. 182,925 $ 6,029,208 # Skyworks Solutions, Inc. 42,035 4,408,210 * Take-Two Interactive Software, Inc. 11,979 952,091 Texas Instruments, Inc. 204,723 16,660,358 Total System Services, Inc. 56,267 3,570,704 #* Ubiquiti Networks, Inc. 12,800 697,600 * Vantiv, Inc. Class A 52,696 3,348,831 Versum Materials, Inc. 4,378 154,368 # Visa, Inc. Class A 258,984 25,784,447 # Western Union Co. (The) 223,401 4,412,170 * Zebra Technologies Corp. Class A 14,652 1,490,401 ------------ Total Information Technology 349,638,180 ------------ Materials -- (4.9%) * AdvanSix, Inc. 4,103 137,368 # AptarGroup, Inc. 11,364 919,689 Avery Dennison Corp. 45,000 4,181,850 * Axalta Coating Systems, Ltd. 88,867 2,799,311 Bemis Co., Inc. 13,512 572,503 * Berry Global Group, Inc. 52,268 2,931,189 Celanese Corp. Series A 27,982 2,691,029 Chemours Co. (The) 65,416 3,114,456 * Crown Holdings, Inc. 48,968 2,912,127 Ecolab, Inc. 28,738 3,783,932 EI du Pont de Nemours & Co. 54,900 4,513,329 Graphic Packaging Holding Co. 70,823 934,155 Huntsman Corp. 15,100 401,962 International Flavors & Fragrances, Inc. 13,628 1,814,977 International Paper Co. 74,845 4,114,978 LyondellBasell Industries NV Class A 85,403 7,693,956 Monsanto Co. 46,463 5,427,808 # NewMarket Corp. 3,727 1,714,830 Packaging Corp. of America 41,065 4,495,796 PPG Industries, Inc. 56,447 5,941,047 Praxair, Inc. 55,360 7,205,658 RPM International, Inc. 32,103 1,665,183 # Scotts Miracle-Gro Co. (The) 17,670 1,696,143 Sealed Air Corp. 72,492 3,154,127 Sherwin-Williams Co. (The) 14,747 4,973,721 Southern Copper Corp. 16,394 644,940 WR Grace & Co. 18,777 1,294,862 ------------ Total Materials 81,730,926 ------------ Real Estate -- (0.1%) * CBRE Group, Inc. Class A 28,981 1,100,988 ------------ Telecommunication Services -- (2.6%) Verizon Communications, Inc. 824,416 39,901,734 U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ---------- -------------- Telecommunication Services -- (Continued) * Zayo Group Holdings, Inc. 86,196 $ 2,826,367 -------------- Total Telecommunication Services 42,728,101 -------------- Utilities -- (0.1%) NRG Energy, Inc. 39,722 977,956 -------------- TOTAL COMMON STOCKS 1,531,712,969 -------------- TOTAL INVESTMENT SECURITIES 1,531,712,969 -------------- TEMPORARY CASH INVESTMENTS -- (0.3%) State Street Institutional U.S. Government Money Market Fund, 0.940% 5,011,319 5,011,319 -------------- SECURITIES LENDING COLLATERAL -- (7.3%) (S)@ DFA Short Term Investment Fund 10,451,475 120,944,468 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,381,819,123)^^ $1,657,668,756 ============== U.S. LARGE CAP GROWTH PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary $ 295,504,012 -- -- $ 295,504,012 Consumer Staples 177,716,492 -- -- 177,716,492 Energy 5,535,760 -- -- 5,535,760 Financials 37,799,460 -- -- 37,799,460 Health Care 240,684,076 -- -- 240,684,076 Industrials 298,297,018 -- -- 298,297,018 Information Technology 349,638,180 -- -- 349,638,180 Materials 81,730,926 -- -- 81,730,926 Real Estate 1,100,988 -- -- 1,100,988 Telecommunication Services 42,728,101 -- -- 42,728,101 Utilities 977,956 -- -- 977,956 Temporary Cash Investments 5,011,319 -- -- 5,011,319 Securities Lending Collateral -- $120,944,468 -- 120,944,468 -------------- ------------ -- -------------- TOTAL $1,536,724,288 $120,944,468 -- $1,657,668,756 ============== ============ == ============== U.S. SMALL CAP GROWTH PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------ ---------- COMMON STOCKS -- (85.4%) Consumer Discretionary -- (17.2%) * 1-800-Flowers.com, Inc. Class A 16,795 $ 162,072 #* AMC Networks, Inc. Class A 10,660 681,707 American Eagle Outfitters, Inc. 35,227 417,088 * American Outdoor Brands Corp. 40,190 830,727 * Asbury Automotive Group, Inc. 15,610 842,940 # Big Lots, Inc. 22,179 1,101,631 * BJ's Restaurants, Inc. 17,037 601,406 Bloomin' Brands, Inc. 74,966 1,306,657 Bob Evans Farms, Inc. 14,722 1,018,468 * Bojangles', Inc. 17,038 226,605 # Buckle, Inc. (The) 12,177 208,227 * Buffalo Wild Wings, Inc. 11,333 1,218,298 * Build-A-Bear Workshop, Inc. 6,300 60,480 Cable One, Inc. 2,465 1,873,153 Capella Education Co. 9,209 632,658 Carriage Services, Inc. 11,255 274,509 * Carrols Restaurant Group, Inc. 24,270 296,094 * Cavco Industries, Inc. 4,314 562,546 # Cheesecake Factory, Inc. (The) 25,084 1,193,497 Chico's FAS, Inc. 52,524 480,595 # Children's Place, Inc. (The) 17,021 1,798,269 Churchill Downs, Inc. 890 166,475 * Chuy's Holdings, Inc. 10,011 235,759 ClubCorp Holdings, Inc. 54,463 923,148 Collectors Universe, Inc. 5,646 140,472 * Cooper-Standard Holdings, Inc. 11,131 1,138,256 Core-Mark Holding Co., Inc. 26,239 962,184 # Cracker Barrel Old Country Store, Inc. 2,632 409,144 * Crocs, Inc. 7,364 58,470 Culp, Inc. 8,078 242,340 Dana, Inc. 66,894 1,586,726 * Dave & Buster's Entertainment, Inc. 31,334 1,946,155 * Denny's Corp. 885 10,054 #* Destination XL Group, Inc. 16,438 32,876 # DineEquity, Inc. 12,931 531,981 * Dorman Products, Inc. 19,306 1,507,412 #* Duluth Holdings, Inc. Class B 14,535 281,688 # Educational Development Corp. 1,000 10,200 #* Eldorado Resorts, Inc. 7,822 159,569 Entravision Communications Corp. Class A 44,471 289,062 Ethan Allen Interiors, Inc. 11,035 353,672 Extended Stay America, Inc. 74,520 1,473,260 * Fiesta Restaurant Group, Inc. 4,867 81,766 * Five Below, Inc. 45,756 2,210,472 * Fox Factory Holding Corp. 31,487 1,210,675 * Francesca's Holdings Corp. 32,380 315,057 * Gentherm, Inc. 24,861 831,600 * Grand Canyon Education, Inc. 22,389 1,647,159 #* Habit Restaurants, Inc. (The) Class A 4,221 69,435 * Helen of Troy, Ltd. 5,643 568,532 * Hilton Grand Vacations, Inc. 28,535 1,048,947 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Consumer Discretionary -- (Continued) #* Horizon Global Corp. 10,205 $ 142,258 HSN, Inc. 32,266 1,279,347 * IMAX Corp. 34,769 744,057 * Installed Building Products, Inc. 25,597 1,377,119 * Intrawest Resorts Holdings, Inc. 28,848 685,140 #* iRobot Corp. 20,523 2,165,382 Jack in the Box, Inc. 9,642 894,392 John Wiley & Sons, Inc. Class A 24,386 1,347,326 * Kirkland's, Inc. 623 5,825 * La Quinta Holdings, Inc. 65,336 974,160 La-Z-Boy, Inc. 39,055 1,320,059 # LCI Industries 16,366 1,747,070 Liberty Tax, Inc. 750 10,575 #* Lindblad Expeditions Holdings, Inc. 15,906 159,219 # Lithia Motors, Inc. Class A 10,641 1,098,683 * Malibu Boats, Inc. Class A 11,412 326,497 Marine Products Corp. 10,318 149,817 Marriott Vacations Worldwide Corp. 13,528 1,580,747 * McClatchy Co. (The) Class A 2,700 21,600 # Meredith Corp. 24,677 1,467,048 # Monro Muffler Brake, Inc. 16,538 770,671 #* Motorcar Parts of America, Inc. 2,468 69,030 #* Murphy USA, Inc. 18,519 1,402,444 * Nathan's Famous, Inc. 430 26,875 #* Nautilus, Inc. 24,271 427,170 New York Times Co. (The) Class A 77,580 1,474,020 # Nexstar Media Group, Inc. Class A 18,090 1,183,086 Nutrisystem, Inc. 26,478 1,476,148 #* Ollie's Bargain Outlet Holdings, Inc. 30,203 1,350,074 * Overstock.com, Inc. 10,250 164,000 Oxford Industries, Inc. 12,702 801,877 # Papa John's International, Inc. 16,897 1,205,263 PetMed Express, Inc. 8,975 426,672 # Planet Fitness, Inc. Class A 16,290 369,131 * Playa Hotels & Resorts NV 6,188 73,142 * Potbelly Corp. 14,986 172,339 * Reading International, Inc. Class A 8,747 139,602 # Red Rock Resorts, Inc. Class A 21,379 510,958 Ruth's Hospitality Group, Inc. 26,124 522,480 # SeaWorld Entertainment, Inc. 73,231 1,126,293 * Select Comfort Corp. 35,744 1,208,505 * Shutterfly, Inc. 24,569 1,204,864 Sinclair Broadcast Group, Inc. Class A 35,621 1,284,137 # Sonic Corp. 23,595 558,258 * Sotheby's 32,514 1,839,967 #* Sportsman's Warehouse Holdings, Inc. 23,698 107,352 Standard Motor Products, Inc. 17,003 856,611 # Stein Mart, Inc. 29,078 40,418 * Steven Madden, Ltd. 33,438 1,370,958 * Stoneridge, Inc. 22,844 348,599 Strayer Education, Inc. 9,272 728,965 Sturm Ruger & Co., Inc. 12,810 737,856 Superior Uniform Group, Inc. 6,427 143,515 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) # Tailored Brands, Inc. 1,953 $ 24,491 #* Tempur Sealy International, Inc. 1,084 62,514 Tenneco, Inc. 37,543 2,076,128 Texas Roadhouse, Inc. 40,612 1,920,948 # Tile Shop Holdings, Inc. 35,779 522,373 Tilly's, Inc. Class A 702 7,006 Tower International, Inc. 9,943 245,592 * tronc, Inc. 18,450 235,607 Tupperware Brands Corp. 35,905 2,179,793 * Universal Electronics, Inc. 8,626 590,450 * US Auto Parts Network, Inc. 25,601 66,819 * Visteon Corp. 21,223 2,367,213 # Wendy's Co. (The) 139,364 2,151,780 Winmark Corp. 1,277 169,905 Winnebago Industries, Inc. 24,369 896,779 Wolverine World Wide, Inc. 43,107 1,215,617 # World Wrestling Entertainment, Inc. Class A 26,050 551,218 ----------- Total Consumer Discretionary 93,132,007 ----------- Consumer Staples -- (5.3%) # B&G Foods, Inc. 40,334 1,462,108 #* Boston Beer Co., Inc. (The) Class A 5,801 909,597 # Calavo Growers, Inc. 16,140 1,195,167 * Central Garden & Pet Co. 8,173 261,536 * Central Garden & Pet Co. Class A 28,038 862,449 Coca-Cola Bottling Co. Consolidated 3,847 923,626 * Craft Brew Alliance, Inc. 5,810 101,675 Dean Foods Co. 67,170 1,007,550 Energizer Holdings, Inc. 36,961 1,702,793 * Farmer Brothers Co. 8,891 276,955 # Flowers Foods, Inc. 30,215 531,482 * HRG Group, Inc. 109,850 1,820,215 Inter Parfums, Inc. 21,848 847,702 J&J Snack Foods Corp. 10,138 1,332,133 # John B. Sanfilippo & Son, Inc. 6,212 399,556 Lancaster Colony Corp. 14,402 1,765,973 Limoneira Co. 3,600 81,936 Medifast, Inc. 9,571 408,586 # MGP Ingredients, Inc. 16,893 996,011 # National Beverage Corp. 19,515 1,992,872 # Natural Health Trends Corp. 2,791 68,742 Nu Skin Enterprises, Inc. Class A 30,877 1,956,367 Oil-Dri Corp. of America 2,325 96,162 * Performance Food Group Co. 31,340 902,592 PriceSmart, Inc. 16,401 1,381,784 * Primo Water Corp. 6,435 79,858 Rocky Mountain Chocolate Factory, Inc. 2,500 29,725 * Sprouts Farmers Market, Inc. 82,183 1,978,145 * SUPERVALU, Inc. 194,450 696,131 # Tootsie Roll Industries, Inc. 5,061 188,269 United-Guardian, Inc. 2,424 38,178 * USANA Health Sciences, Inc. 16,952 967,959 # Vector Group, Ltd. 22,590 454,737 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Consumer Staples -- (Continued) # WD-40 Co. 11,095 $ 1,183,282 ----------- Total Consumer Staples 28,901,853 ----------- Energy -- (0.6%) Evolution Petroleum Corp. 20,488 176,197 #* Laredo Petroleum, Inc. 140,216 1,817,199 #* Matador Resources Co. 37,396 907,227 Panhandle Oil and Gas, Inc. Class A 5,871 129,162 * Penn Virginia Corp. 2,883 110,736 * RigNet, Inc. 9,256 175,401 ----------- Total Energy 3,315,922 ----------- Financials -- (6.9%) Access National Corp. 4,306 114,496 Ameris Bancorp 16,123 738,433 AMERISAFE, Inc. 7,564 436,821 Arrow Financial Corp. 300 9,780 # Artisan Partners Asset Management, Inc. Class A 31,260 1,039,395 # Bank of Hawaii Corp. 21,455 1,795,140 BGC Partners, Inc. Class A 125,810 1,586,464 #* BofI Holding, Inc. 12,261 341,714 CoBiz Financial, Inc. 2,600 45,760 # Cohen & Steers, Inc. 29,901 1,208,000 Crawford & Co. Class A 5,478 40,701 # Crawford & Co. Class B 2,938 26,383 * Credit Acceptance Corp. 993 247,356 # CVB Financial Corp. 15,618 336,412 Diamond Hill Investment Group, Inc. 2,434 480,715 * Donnelley Financial Solutions, Inc. 18,657 432,842 * Eagle Bancorp, Inc. 3,382 211,206 * Essent Group, Ltd. 17,610 676,576 Evercore Partners, Inc. Class A 29,655 2,332,366 # Federated Investors, Inc. Class B 71,251 2,054,166 Fifth Street Asset Management, Inc. 3,462 14,194 # Financial Engines, Inc. 24,898 957,328 # First Financial Bankshares, Inc. 33,140 1,433,305 #* Franklin Financial Network, Inc. 1,152 39,802 # Glacier Bancorp, Inc. 3,627 126,655 * Green Dot Corp. Class A 24,769 996,705 # Greenhill & Co., Inc. 29,811 551,503 * Health Insurance Innovations, Inc. Class A 747 20,953 Hennessy Advisors, Inc. 3,244 51,385 Hingham Institution for Savings 68 12,029 Home BancShares, Inc. 2,284 56,643 Houlihan Lokey, Inc. 9,741 362,170 # Interactive Brokers Group, Inc. Class A 38,271 1,532,754 Kingstone Cos., Inc. 4,807 79,315 Lakeland Financial Corp. 17,875 822,250 #* LendingTree, Inc. 7,132 1,573,319 # Live Oak Bancshares, Inc. 2,817 71,129 LPL Financial Holdings, Inc. 41,781 1,911,899 Manning & Napier, Inc. 8,958 36,280 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Financials -- (Continued) Meta Financial Group, Inc. 4,652 $ 331,688 Moelis & Co. Class A 18,253 746,548 Morningstar, Inc. 17,275 1,426,397 OM Asset Management P.L.C. 77,783 1,172,190 * PennyMac Financial Services, Inc. Class A 19,759 343,807 Preferred Bank 6,261 351,555 Primerica, Inc. 22,671 1,837,485 Pzena Investment Management, Inc. Class A 12,278 129,533 # RLI Corp. 21,714 1,260,715 # ServisFirst Bancshares, Inc. 28,086 1,020,645 Silvercrest Asset Management Group, Inc. Class A 5,400 68,310 Stock Yards Bancorp, Inc. 17,082 612,390 Tompkins Financial Corp. 5,660 445,499 # United Insurance Holdings Corp. 27,928 445,731 Universal Insurance Holdings, Inc. 24,490 584,086 # Virtu Financial, Inc. Class A 14,001 231,717 Washington Trust Bancorp, Inc. 7,746 421,770 West Bancorporation, Inc. 6,694 153,962 # Westamerica Bancorporation 2,868 156,937 Westwood Holdings Group, Inc. 6,705 395,260 # WisdomTree Investments, Inc. 48,561 506,977 ----------- Total Financials 37,447,546 ----------- Health Care -- (9.9%) Abaxis, Inc. 12,745 599,015 * Addus HomeCare Corp. 2,703 91,767 * Akorn, Inc. 38,858 1,306,406 * Amedisys, Inc. 22,668 1,073,556 #* AMN Healthcare Services, Inc. 39,555 1,459,579 * ANI Pharmaceuticals, Inc. 6,643 323,713 * Anika Therapeutics, Inc. 11,080 566,853 Atrion Corp. 1,606 1,015,313 * Auxilio, Inc. 5,300 25,546 * BioSpecifics Technologies Corp. 5,244 255,121 * BioTelemetry, Inc. 25,298 865,192 Bruker Corp. 300 8,604 * Cambrex Corp. 26,930 1,642,730 Cantel Medical Corp. 25,018 1,856,336 #* Capital Senior Living Corp. 24,250 334,650 * Catalent, Inc. 64,790 2,248,213 * Charles River Laboratories International, Inc. 9,288 912,082 # Chemed Corp. 10,083 1,991,392 * Civitas Solutions, Inc. 15,179 270,945 Computer Programs & Systems, Inc. 965 29,577 #* Corcept Therapeutics, Inc. 76,390 952,583 * CorVel Corp. 13,380 636,219 * CryoLife, Inc. 21,830 409,312 #* Depomed, Inc. 32,902 339,220 #* Eagle Pharmaceuticals, Inc. 1,829 89,895 * Electromed, Inc. 5,391 33,209 Ensign Group, Inc. (The) 25,288 565,693 * Enzo Biochem, Inc. 40,768 442,333 * FONAR Corp. 1,400 35,980 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Health Care -- (Continued) #* Globus Medical, Inc. Class A 39,037 $ 1,200,388 * Haemonetics Corp. 9,404 386,786 HealthSouth Corp. 16,447 699,984 * HealthStream, Inc. 16,567 391,313 * Heska Corp. 3,116 341,327 * HMS Holdings Corp. 63,371 1,272,490 * ICU Medical, Inc. 1,710 293,949 * INC Research Holdings, Inc. Class A 44,039 2,422,145 * Integra LifeSciences Holdings Corp. 24,284 1,205,943 #* iRadimed Corp. 1,300 12,805 Landauer, Inc. 7,189 391,441 LeMaitre Vascular, Inc. 8,606 310,418 * LHC Group, Inc. 11,031 638,695 Luminex Corp. 1,951 39,859 * Masimo Corp. 27,541 2,605,379 # Meridian Bioscience, Inc. 30,415 412,123 * Merit Medical Systems, Inc. 34,021 1,394,861 National Research Corp. Class A 14,831 436,031 National Research Corp. Class B 150 7,566 * Natus Medical, Inc. 23,293 819,914 #* NeoGenomics, Inc. 18,626 176,016 #* NuVasive, Inc. 4,122 271,186 * Omnicell, Inc. 35,241 1,747,954 * OraSure Technologies, Inc. 49,074 860,758 * Orthofix International NV 12,868 558,214 Owens & Minor, Inc. 17,291 557,289 * PAREXEL International Corp. 26,785 2,344,223 Phibro Animal Health Corp. Class A 15,795 603,369 * PRA Health Sciences, Inc. 901 67,034 * Prestige Brands Holdings, Inc. 30,228 1,621,128 Psychemedics Corp. 4,687 119,800 * Quality Systems, Inc. 44,080 753,768 * Quidel Corp. 17,683 565,679 * R1 RCM, Inc. 46,310 156,991 * RadNet, Inc. 39,035 300,569 * SciClone Pharmaceuticals, Inc. 27,341 299,384 * Select Medical Holdings Corp. 17,778 288,004 Simulations Plus, Inc. 9,832 145,514 #* Sucampo Pharmaceuticals, Inc. Class A 33,644 365,037 * Supernus Pharmaceuticals, Inc. 30,251 1,223,653 #* Surgery Partners, Inc. 30,026 596,016 * Surmodics, Inc. 9,362 246,221 #* Tenet Healthcare Corp. 55,972 971,114 #* Titan Pharmaceuticals, Inc. 7,832 14,881 * Tivity Health, Inc. 39,176 1,553,328 US Physical Therapy, Inc. 10,699 675,107 Utah Medical Products, Inc. 2,710 187,261 #* Varex Imaging Corp. 21,753 671,080 ----------- Total Health Care 53,605,029 ----------- Industrials -- (21.1%) AAON, Inc. 37,924 1,281,831 ABM Industries, Inc. 13,726 612,454 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Industrials -- (Continued) Actuant Corp. Class A 27,228 $ 658,918 # Advanced Drainage Systems, Inc. 35,704 733,717 * Advisory Board Co. (The) 18,521 1,040,880 * Aerojet Rocketdyne Holdings, Inc. 51,206 1,200,781 * Air Transport Services Group, Inc. 43,952 1,070,671 Alamo Group, Inc. 6,733 626,236 Albany International Corp. Class A 20,961 1,121,413 Allegiant Travel Co. 8,553 1,105,475 Allied Motion Technologies, Inc. 6,309 186,683 Altra Industrial Motion Corp. 23,764 1,058,686 * American Woodmark Corp. 13,795 1,353,979 # Apogee Enterprises, Inc. 22,474 1,170,671 Applied Industrial Technologies, Inc. 16,685 942,702 Argan, Inc. 13,015 838,817 * Armstrong World Industries, Inc. 33,694 1,635,844 Astec Industries, Inc. 5,273 265,074 * Astronics Corp. 12,541 366,824 * Astronics Corp. Class B 1,677 49,178 #* Avis Budget Group, Inc. 47,704 1,468,329 #* Axon Enterprise, Inc. 34,404 845,994 AZZ, Inc. 19,551 991,236 Barnes Group, Inc. 16,874 1,015,477 Barrett Business Services, Inc. 5,648 310,809 Brady Corp. Class A 26,505 879,966 Brink's Co. (The) 32,135 2,511,350 * Builders FirstSource, Inc. 93,710 1,468,436 BWX Technologies, Inc. 2,426 127,802 * Casella Waste Systems, Inc. Class A 2,102 35,272 CIRCOR International, Inc. 3,273 163,846 * Clean Harbors, Inc. 33,221 1,886,953 Comfort Systems USA, Inc. 31,989 1,065,234 * Commercial Vehicle Group, Inc. 14,881 130,655 * Continental Building Products, Inc. 31,414 691,108 # Covanta Holding Corp. 98,891 1,493,254 # Deluxe Corp. 23,922 1,727,168 Douglas Dynamics, Inc. 18,883 600,479 * DXP Enterprises, Inc. 5,914 169,081 #* Dycom Industries, Inc. 19,091 1,729,645 EnerSys 19,196 1,387,295 EnPro Industries, Inc. 11,828 910,993 ESCO Technologies, Inc. 700 43,190 Exponent, Inc. 21,702 1,414,970 Federal Signal Corp. 30,818 570,133 Forward Air Corp. 23,901 1,238,789 * Franklin Covey Co. 4,946 92,243 Franklin Electric Co., Inc. 21,102 852,521 * Generac Holdings, Inc. 35,444 1,274,921 General Cable Corp. 9,926 191,572 * Gibraltar Industries, Inc. 12,751 380,617 Global Brass & Copper Holdings, Inc. 17,038 546,068 * Goldfield Corp. (The) 30,796 157,060 Gorman-Rupp Co. (The) 11,034 333,447 * GP Strategies Corp. 7,670 219,746 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ---------- Industrials -- (Continued) Granite Construction, Inc. 5,309 $ 260,247 Griffon Corp. 12,799 262,380 H&E Equipment Services, Inc. 27,407 618,576 * Harsco Corp. 68,603 1,059,916 * Hawaiian Holdings, Inc. 43,590 1,804,626 Healthcare Services Group, Inc. 45,787 2,392,371 # Heartland Express, Inc. 70,475 1,489,137 * Herc Holdings, Inc. 13,671 620,390 Herman Miller, Inc. 33,558 1,130,066 * Hill International, Inc. 31,088 156,994 Hillenbrand, Inc. 29,642 1,067,112 HNI Corp. 21,944 828,386 * Hub Group, Inc. Class A 14,006 476,904 #* Hudson Technologies, Inc. 19,693 159,316 #* Huttig Building Products, Inc. 3,209 22,880 Hyster-Yale Materials Handling, Inc. 1,341 95,023 * IES Holdings, Inc. 6,344 107,848 Insperity, Inc. 18,608 1,404,904 Insteel Industries, Inc. 17,447 459,205 Interface, Inc. 52,864 1,001,773 ITT, Inc. 17,544 719,304 John Bean Technologies Corp. 18,284 1,689,442 Kadant, Inc. 6,400 499,520 Kaman Corp. 11,428 584,199 # KBR, Inc. 65,600 978,752 Kennametal, Inc. 44,633 1,646,958 Kforce, Inc. 16,069 300,490 Kimball International, Inc. Class B 28,350 472,595 Knight Transportation, Inc. 53,512 1,907,703 Knoll, Inc. 38,821 751,575 Landstar System, Inc. 26,555 2,208,048 * Lawson Products, Inc. 2,965 68,343 Lindsay Corp. 2,543 233,117 LSC Communications, Inc. 15,040 321,555 * Lydall, Inc. 13,328 659,736 * Masonite International Corp. 12,646 981,962 * MasTec, Inc. 41,429 1,914,020 Matson, Inc. 32,131 906,094 Matthews International Corp. Class A 12,060 790,533 McGrath RentCorp 1,901 67,543 #* Milacron Holdings Corp. 27,892 501,498 * Mistras Group, Inc. 9,508 191,586 * Moog, Inc. Class A 4,516 335,629 MSA Safety, Inc. 21,715 1,740,674 Mueller Industries, Inc. 33,566 1,057,329 Mueller Water Products, Inc. Class A 108,430 1,257,788 Multi-Color Corp. 13,746 1,106,553 * NCI Building Systems, Inc. 50,549 909,882 #* NV5 Global, Inc. 6,197 257,485 Omega Flex, Inc. 4,242 254,690 * On Assignment, Inc. 24,819 1,222,336 Park-Ohio Holdings Corp. 2,136 84,906 * Patrick Industries, Inc. 14,184 1,079,402 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ------------ Industrials -- (Continued) * PGT Innovations, Inc. 40,437 $ 525,681 * Ply Gem Holdings, Inc. 33,121 579,618 Primoris Services Corp. 24,763 617,094 #* Proto Labs, Inc. 10,647 786,813 Quad/Graphics, Inc. 25,312 568,508 * Radiant Logistics, Inc. 9,186 39,775 Raven Industries, Inc. 21,637 744,313 * RBC Bearings, Inc. 13,269 1,371,218 * Rexnord Corp. 27,772 643,200 * Saia, Inc. 11,375 618,231 Simpson Manufacturing Co., Inc. 764 33,838 * SP Plus Corp. 5,976 195,415 * Spirit Airlines, Inc. 11,229 436,247 * SPX Corp. 33,216 914,104 Standex International Corp. 8,202 786,982 Steelcase, Inc. Class A 14,789 201,870 * Sterling Construction Co., Inc. 15,081 192,735 Sun Hydraulics Corp. 15,289 632,353 Supreme Industries, Inc. Class A 10,977 165,094 #* Swift Transportation Co. 50,897 1,297,873 Tennant Co. 13,757 1,039,341 Tetra Tech, Inc. 26,375 1,251,494 Timken Co. (The) 35,990 1,637,545 * Trex Co., Inc. 21,694 1,631,606 * TriNet Group, Inc. 53,003 1,855,105 * Univar, Inc. 11,196 347,524 Universal Forest Products, Inc. 1,493 125,188 Universal Logistics Holdings, Inc. 9,413 136,959 US Ecology, Inc. 16,741 868,858 Valmont Industries, Inc. 10,424 1,591,745 * Vectrus, Inc. 5,550 188,756 Viad Corp. 14,348 768,335 # Wabash National Corp. 51,532 983,231 Watts Water Technologies, Inc. Class A 11,357 731,391 #* Welbilt, Inc. 891 17,366 * Willdan Group, Inc. 7,915 266,023 ------------ Total Industrials 114,157,223 ------------ Information Technology -- (16.0%) #* Acacia Communications, Inc. 11,522 504,318 * ACI Worldwide, Inc. 62,867 1,456,628 * Acxiom Corp. 36,628 987,857 * Advanced Energy Industries, Inc. 25,917 1,880,278 American Software, Inc. Class A 14,527 140,912 #* Angie's List, Inc. 27,525 329,749 #* Applied Optoelectronics, Inc. 10,036 978,410 #* Asure Software, Inc. 2,261 29,664 * Axcelis Technologies, Inc. 18,311 406,504 Badger Meter, Inc. 23,939 1,083,240 * Barracuda Networks, Inc. 40,760 915,877 Belden, Inc. 7,738 556,672 # Blackbaud, Inc. 27,883 2,574,716 * Blackhawk Network Holdings, Inc. 26,090 1,138,828 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Information Technology -- (Continued) Brooks Automation, Inc. 41,658 $1,023,120 Cabot Microelectronics Corp. 20,643 1,530,678 * Carbonite, Inc. 21,583 509,359 * Cardtronics P.L.C. Class A 26,702 835,773 Cass Information Systems, Inc. 7,908 521,612 * Ceva, Inc. 10,860 502,275 #* Ciena Corp. 89,738 2,310,753 #* Cimpress NV 20,295 1,790,831 * Cirrus Logic, Inc. 27,868 1,712,210 * Clearfield, Inc. 3,637 41,826 * Coherent, Inc. 4,550 1,205,750 * CommerceHub, Inc. Series A 10,659 194,420 * Control4 Corp. 15,823 361,556 * CoreLogic, Inc. 41,573 1,893,650 CSG Systems International, Inc. 25,304 1,046,320 * CyberOptics Corp. 4,402 72,633 * Data I/O Corp. 12,811 100,694 DST Systems, Inc. 7,513 412,464 * Eastman Kodak Co. 4,844 46,018 * Electronics for Imaging, Inc. 19,518 948,184 * Endurance International Group Holdings, Inc. 68,544 634,032 * Entegris, Inc. 66,008 1,722,809 * ePlus, Inc. 11,312 915,141 * Euronet Worldwide, Inc. 5,986 578,307 * ExlService Holdings, Inc. 24,071 1,385,286 * Fabrinet 16,058 722,771 Fair Isaac Corp. 9,267 1,321,011 * Finisar Corp. 8,151 221,870 * Finjan Holdings, Inc. 18,967 59,556 Forrester Research, Inc. 8,441 344,393 GlobalSCAPE, Inc. 14,606 74,491 #* Globant SA 20,285 932,501 #* GrubHub, Inc. 7,497 345,837 * GTT Communications, Inc. 36,107 1,103,069 Hackett Group, Inc. (The) 26,753 439,284 * IEC Electronics Corp. 1,200 4,716 * II-VI, Inc. 9,069 345,529 * Image Sensing Systems, Inc. 5,646 20,326 * Integrated Device Technology, Inc. 48,074 1,256,654 InterDigital, Inc. 20,174 1,469,676 * Itron, Inc. 20,546 1,499,858 # j2 Global, Inc. 17,773 1,504,129 * Kemet Corp. 33,178 559,049 * Lightpath Technologies, Inc. Class A 9,398 24,247 Littelfuse, Inc. 703 126,667 #* Lumentum Holdings, Inc. 28,476 1,782,598 * Luxoft Holding, Inc. 9,857 620,498 * Manhattan Associates, Inc. 38,673 1,709,347 MAXIMUS, Inc. 14,478 873,892 * MaxLinear, Inc. 35,200 922,240 # Mesa Laboratories, Inc. 2,562 370,286 Methode Electronics, Inc. 29,908 1,188,843 * MicroStrategy, Inc. Class A 5,010 673,895 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------- ----------- Information Technology -- (Continued) MKS Instruments, Inc. 8,238 $ 689,109 Monotype Imaging Holdings, Inc. 17,736 334,324 * Nanometrics, Inc. 18,549 494,331 * Napco Security Technologies, Inc. 11,838 108,318 * NETGEAR, Inc. 1,437 68,832 NIC, Inc. 47,864 777,790 * Novanta, Inc. 23,897 881,799 NVE Corp. 3,091 243,818 #* Oclaro, Inc. 111,736 1,092,778 * OSI Systems, Inc. 7,901 631,843 #* Paycom Software, Inc. 35,245 2,470,322 * PCM, Inc. 3,407 42,162 Pegasystems, Inc. 17,916 1,083,022 * PFSweb, Inc. 23,756 185,772 * Planet Payment, Inc. 31,900 103,356 Plantronics, Inc. 28,312 1,279,136 Power Integrations, Inc. 13,057 922,477 Progress Software Corp. 38,591 1,235,298 * Radisys Corp. 19,276 47,033 * Rambus, Inc. 50,037 644,977 Reis, Inc. 3,793 81,170 * Rogers Corp. 7,971 940,339 * Rudolph Technologies, Inc. 1,300 32,175 #* Sapiens International Corp. NV 3,686 43,974 Science Applications International Corp. 25,978 1,829,111 * Semtech Corp. 36,367 1,440,133 * Shutterstock, Inc. 23,146 975,372 * Silicon Laboratories, Inc. 22,559 1,694,181 * StarTek, Inc. 15,953 196,222 #* Synaptics, Inc. 25,234 1,327,561 Systemax, Inc. 13,407 242,935 TeleTech Holdings, Inc. 33,608 1,404,814 #* Teradata Corp. 8,028 255,451 TransAct Technologies, Inc. 1,815 16,063 * Travelzoo 10,307 108,224 #* Ubiquiti Networks, Inc. 29,808 1,624,536 * Ultra Clean Holdings, Inc. 21,545 505,230 #* VeriFone Systems, Inc. 26,580 518,576 * Verint Systems, Inc. 12,011 476,236 * Web.com Group, Inc. 37,346 819,745 * WebMD Health Corp. 23,015 1,524,744 * XO Group, Inc. 15,051 275,132 Xperi Corp. 32,931 963,232 * Zedge, Inc. Class B 3,025 6,262 * Zix Corp. 8,942 47,661 ----------- Total Information Technology 86,482,163 ----------- Materials -- (6.7%) A Schulman, Inc. 25,400 668,020 * AdvanSix, Inc. 24,148 808,475 Balchem Corp. 18,843 1,462,217 Cabot Corp. 26,852 1,458,869 Chase Corp. 7,326 791,574 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Materials -- (Continued) # Compass Minerals International, Inc. 14,327 $ 989,279 Deltic Timber Corp. 8,920 643,400 * Ferro Corp. 73,726 1,418,488 Gold Resource Corp. 25,386 107,637 Greif, Inc. Class A 13,854 777,071 Greif, Inc. Class B 4,893 293,091 Hawkins, Inc. 2,223 99,924 HB Fuller Co. 22,240 1,145,805 * Ingevity Corp. 20,778 1,215,513 Innophos Holdings, Inc. 14,099 588,915 Innospec, Inc. 10,370 647,088 KapStone Paper and Packaging Corp. 12,622 288,539 KMG Chemicals, Inc. 8,858 448,392 * Koppers Holdings, Inc. 14,631 531,105 * Kraton Corp. 7,624 283,613 Kronos Worldwide, Inc. 40,315 859,516 * Louisiana-Pacific Corp. 63,879 1,604,002 Minerals Technologies, Inc. 11,137 788,500 Myers Industries, Inc. 25,215 428,655 Neenah Paper, Inc. 13,844 1,106,136 * OMNOVA Solutions, Inc. 36,205 340,327 #* Owens-Illinois, Inc. 50,318 1,202,600 PolyOne Corp. 45,299 1,657,037 Quaker Chemical Corp. 8,053 1,142,479 Rayonier Advanced Materials, Inc. 33,102 493,551 Schweitzer-Mauduit International, Inc. 20,379 782,961 Sensient Technologies Corp. 20,424 1,518,729 Silgan Holdings, Inc. 64,076 1,941,503 Stepan Co. 15,259 1,253,832 * Summit Materials, Inc. Class A 49,083 1,395,920 * SunCoke Energy, Inc. 40,297 360,658 Trinseo SA 27,499 1,933,180 #* US Concrete, Inc. 9,793 767,281 Worthington Industries, Inc. 44,214 2,240,323 ----------- Total Materials 36,484,205 ----------- Real Estate -- (0.6%) #* Altisource Portfolio Solutions SA 11,029 287,747 HFF, Inc. Class A 43,484 1,596,732 * Marcus & Millichap, Inc. 24,946 638,617 * Maui Land & Pineapple Co., Inc. 7,722 133,977 RMR Group, Inc. (The) Class A 10,321 504,181 ----------- Total Real Estate 3,161,254 ----------- Telecommunication Services -- (0.9%) * Boingo Wireless, Inc. 30,440 451,425 Cogent Communications Holdings, Inc. 7,753 323,688 Consolidated Communications Holdings, Inc. 18,276 328,968 * General Communication, Inc. Class A 23,138 987,298 IDT Corp. Class B 10,698 158,437 * Lumos Networks Corp. 15,509 277,766 Shenandoah Telecommunications Co. 43,782 1,346,297 U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Telecommunication Services -- (Continued) * Vonage Holdings Corp. 158,554 $ 1,048,042 ------------ Total Telecommunication Services 4,921,921 ------------ Utilities -- (0.2%) Ormat Technologies, Inc. 22,938 1,360,223 ------------ TOTAL COMMON STOCKS 462,969,346 ------------ TOTAL INVESTMENT SECURITIES 462,969,346 ------------ TEMPORARY CASH INVESTMENTS -- (0.4%) State Street Institutional U.S. Government Money Market Fund, 0.940% 1,992,220 1,992,220 ------------ SECURITIES LENDING COLLATERAL -- (14.2%) (S)@ DFA Short Term Investment Fund 6,655,939 77,022,525 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $462,118,487)^^ $541,984,091 ============ U.S. SMALL CAP GROWTH PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ Common Stocks Consumer Discretionary $ 93,132,007 -- -- $ 93,132,007 Consumer Staples 28,901,853 -- -- 28,901,853 Energy 3,315,922 -- -- 3,315,922 Financials 37,447,546 -- -- 37,447,546 Health Care 53,605,029 -- -- 53,605,029 Industrials 114,157,223 -- -- 114,157,223 Information Technology 86,482,163 -- -- 86,482,163 Materials 36,484,205 -- -- 36,484,205 Real Estate 3,161,254 -- -- 3,161,254 Telecommunication Services 4,921,921 -- -- 4,921,921 Utilities 1,360,223 -- -- 1,360,223 Temporary Cash Investments 1,992,220 -- -- 1,992,220 Securities Lending Collateral -- $77,022,525 -- 77,022,525 ------------ ----------- -- ------------ TOTAL $464,961,566 $77,022,525 -- $541,984,091 ============ =========== == ============ INTERNATIONAL LARGE CAP GROWTH PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------- ----------- COMMON STOCKS -- (91.8%) AUSTRALIA -- (6.0%) Adelaide Brighton, Ltd. 12,260 $ 55,170 Amcor, Ltd. 108,183 1,327,995 AMP, Ltd. 282,123 1,216,221 Ansell, Ltd. 10,787 189,530 Aristocrat Leisure, Ltd. 63,180 1,024,554 Brambles, Ltd. 135,815 1,004,185 Caltex Australia, Ltd. 17,789 443,316 CIMIC Group, Ltd. 5,853 194,156 Coca-Cola Amatil, Ltd. 39,383 259,334 Cochlear, Ltd. 6,700 765,366 # Commonwealth Bank of Australia 46,933 3,144,269 Computershare, Ltd. 46,628 524,635 CSL, Ltd. 23,259 2,343,396 Domino's Pizza Enterprises, Ltd. 3,294 140,429 Evolution Mining, Ltd. 96,290 172,053 # Flight Centre Travel Group, Ltd. 2,756 95,861 Macquarie Group, Ltd. 14,945 1,026,025 # Magellan Financial Group, Ltd. 14,276 301,578 Medibank Pvt, Ltd. 178,857 389,200 Orica, Ltd. 32,802 521,472 Orora, Ltd. 66,670 147,211 Qantas Airways, Ltd. 112,091 476,395 Ramsay Health Care, Ltd. 16,609 937,848 REA Group, Ltd. 5,972 329,416 Rio Tinto, Ltd. 7,886 415,714 Seek, Ltd. 21,554 294,728 Sonic Healthcare, Ltd. 7,561 134,941 Tabcorp Holdings, Ltd. 24,721 82,603 Telstra Corp., Ltd. 206,163 676,332 # TPG Telecom, Ltd. 33,380 149,787 Woolworths, Ltd. 44,463 948,993 ----------- TOTAL AUSTRALIA 19,732,713 ----------- AUSTRIA -- (0.2%) ANDRITZ AG 2,842 173,998 OMV AG 6,321 358,067 Voestalpine AG 3,286 166,547 ----------- TOTAL AUSTRIA 698,612 ----------- BELGIUM -- (1.0%) Anheuser-Busch InBev SA/NV 12,579 1,517,436 Anheuser-Busch InBev SA/NV Sponsored ADR 1,335 161,081 Colruyt SA 6,221 348,614 Proximus SADP 16,430 577,757 # Umicore SA 10,104 811,171 ----------- TOTAL BELGIUM 3,416,059 ----------- CANADA -- (7.6%) Agnico Eagle Mines, Ltd. 8,326 388,907 Agrium, Inc. 10,482 1,049,248 * Air Canada 4,400 69,984 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Alimentation Couche-Tard, Inc. Class B 18,970 $ 899,544 ARC Resources, Ltd. 2,700 37,227 Barrick Gold Corp. 46,308 783,068 BCE, Inc. 7,401 347,388 BRP, Inc. 2,800 89,721 CAE, Inc.(124765108) 21,511 365,042 CAE, Inc.(2162760) 2,400 40,675 Canadian Imperial Bank of Commerce 11,010 956,108 # Canadian National Railway Co. 33,646 2,658,707 Canadian Pacific Railway, Ltd. 6,372 996,390 # Canadian Tire Corp., Ltd. Class A 6,300 719,112 CCL Industries, Inc. Class B 8,500 407,495 * CGI Group, Inc. Class A(2159740) 3,494 184,488 * CGI Group, Inc. Class A(39945C109) 7,989 421,899 # CI Financial Corp. 24,261 528,517 # Cineplex, Inc. 2,000 78,877 Cogeco Communications, Inc. 1,200 83,834 Constellation Software, Inc. 1,945 1,047,812 Dollarama, Inc. 10,500 1,026,377 George Weston, Ltd. 6,500 567,704 Gildan Activewear, Inc. 11,216 337,938 IGM Financial, Inc. 10,100 339,921 Inter Pipeline, Ltd. 20,313 401,128 Jean Coutu Group PJC, Inc. (The) Class A 6,900 115,005 Keyera Corp. 9,500 296,868 Loblaw Cos., Ltd. 6,600 359,447 # Methanex Corp. 7,185 318,295 Metro, Inc. 12,300 416,626 National Bank of Canada 9,800 441,364 # Northland Power, Inc. 10,923 203,435 Onex Corp. 1,100 88,150 # Open Text Corp. 999 33,466 # Peyto Exploration & Development Corp. 11,587 205,950 Quebecor, Inc. Class B 7,633 264,545 Restaurant Brands International, Inc. 9,150 545,147 # Ritchie Bros Auctioneers, Inc. 7,116 200,885 Rogers Communications, Inc. Class B 15,184 789,568 Royal Bank of Canada(2754383) 22,390 1,670,338 Royal Bank of Canada(780087102) 18,522 1,381,000 Saputo, Inc. 14,374 487,223 Shaw Communications, Inc. Class B 38,120 848,932 * Spin Master Corp. 1,500 45,984 # Thomson Reuters Corp. 10,996 504,606 Toromont Industries, Ltd. 2,000 74,257 TransCanada Corp. 5,265 269,147 Vermilion Energy, Inc. 4,145 136,619 Waste Connections, Inc.(BYQFRK5) 2,760 179,381 Waste Connections, Inc.(94106B101) 38 2,437 West Fraser Timber Co., Ltd. 4,000 212,553 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- CANADA -- (Continued) Winpak, Ltd. 600 $ 25,761 ----------- TOTAL CANADA 24,944,100 ----------- DENMARK -- (1.6%) Coloplast A.S. Class B 1,542 132,471 Novo Nordisk A.S. Class B 93,935 3,995,001 # Pandora A.S. 10,574 1,216,946 ----------- TOTAL DENMARK 5,344,418 ----------- FINLAND -- (0.8%) Elisa Oyj 8,134 334,851 Kone Oyj Class B 17,147 893,141 Neste Oyj 8,795 381,299 Orion Oyj Class A 1,076 54,568 Orion Oyj Class B 7,537 380,926 Sampo Oyj Class A 5,027 274,935 Wartsila Oyj Abp 5,193 345,117 ----------- TOTAL FINLAND 2,664,837 ----------- FRANCE -- (8.4%) Accor SA 1,606 74,605 Aeroports de Paris 1,766 298,869 Air Liquide SA 13,871 1,700,774 Airbus SE 21,307 1,780,340 Atos SE 7,546 1,147,261 BioMerieux 414 91,226 Bureau Veritas SA 22,354 509,328 Carrefour SA 4,691 112,678 Christian Dior SE 2,730 777,378 Cie Generale des Etablissements Michelin 19,498 2,640,732 Danone SA 14,999 1,119,228 Dassault Systemes SE 2,873 281,835 Eiffage SA 8,525 825,780 Essilor International SA 5,274 667,723 # Eurofins Scientific SE 274 152,631 Faurecia 8,786 487,870 Groupe Eurotunnel SE 23,305 258,420 Hermes International 1,059 536,399 Iliad SA 2,257 559,904 Imerys SA 1,384 119,971 Ingenico Group SA 1,959 205,490 Ipsen SA 791 101,244 L'Oreal SA 1,384 286,737 Legrand SA 12,503 863,677 LVMH Moet Hennessy Louis Vuitton SE 8,189 2,056,983 Publicis Groupe SA 13,763 1,040,709 Safran SA 14,362 1,358,798 Sartorius Stedim Biotech 1,492 106,308 SEB SA 1,615 287,315 SES SA 5,275 124,090 * SFR Group SA 9,481 352,906 Societe BIC SA 908 106,505 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- FRANCE -- (Continued) Sodexo SA 6,610 $ 780,837 STMicroelectronics NV 28,432 481,700 Teleperformance 3,742 521,383 Thales SA 9,450 1,046,190 * Ubisoft Entertainment SA 6,444 407,747 Valeo SA 24,854 1,720,855 Vinci SA 18,638 1,668,965 ----------- TOTAL FRANCE 27,661,391 ----------- GERMANY -- (8.2%) Adidas AG 4,369 997,854 BASF SE 15,279 1,454,560 # Bayer AG 29,869 3,783,243 Beiersdorf AG 2,300 252,399 Brenntag AG 6,229 352,980 Continental AG 5,467 1,231,537 Covestro AG 10,598 821,857 Deutsche Boerse AG 8,391 876,165 Deutsche Post AG 36,905 1,431,639 Deutsche Telekom AG 159,217 2,908,693 E.ON SE 163,893 1,621,352 # Fielmann AG 2,346 188,417 Fresenius Medical Care AG & Co. KGaA 3,942 371,732 Fresenius SE & Co. KGaA 16,413 1,385,335 Fuchs Petrolub SE 2,112 111,096 Hochtief AG 1,462 260,958 Infineon Technologies AG 58,310 1,266,275 KION Group AG 5,596 485,583 Merck KGaA 3,731 409,409 MTU Aero Engines AG 3,372 494,179 OSRAM Licht AG 2,987 248,920 # ProSiebenSat.1 Media SE 18,700 747,140 Rational AG 183 114,913 RTL Group SA 3,682 286,445 * RWE AG 51,340 1,081,763 # SAP SE Sponsored ADR 468 49,538 Siemens AG 14,305 1,941,211 # Symrise AG 6,377 446,490 # ThyssenKrupp AG 26,308 781,385 United Internet AG 10,775 655,982 ----------- TOTAL GERMANY 27,059,050 ----------- HONG KONG -- (2.8%) AIA Group, Ltd. 184,400 1,450,399 ASM Pacific Technology, Ltd. 21,500 277,860 Chow Tai Fook Jewellery Group, Ltd. 65,800 68,365 Galaxy Entertainment Group, Ltd. 124,000 765,589 Hang Seng Bank, Ltd. 24,400 530,470 HKT Trust & HKT, Ltd. 142,000 186,015 Hong Kong & China Gas Co., Ltd. 197,660 373,589 # Hong Kong Exchanges & Clearing, Ltd. 58,433 1,664,652 Kingston Financial Group, Ltd. 272,000 94,647 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- HONG KONG -- (Continued) # MGM China Holdings, Ltd. 87,600 $ 172,357 PCCW, Ltd. 459,976 258,680 Prada SpA 49,600 177,061 Samsonite International SA 171,300 717,360 Sands China, Ltd. 117,600 544,664 Techtronic Industries Co., Ltd. 154,000 684,267 VTech Holdings, Ltd. 11,700 169,232 WH Group, Ltd. 769,500 721,515 Wynn Macau, Ltd. 133,200 287,791 ---------- TOTAL HONG KONG 9,144,513 ---------- IRELAND -- (0.4%) CRH P.L.C. Sponsored ADR 600 21,042 Kerry Group P.L.C. Class A 4,717 426,948 Paddy Power Betfair P.L.C. 3,453 345,963 Smurfit Kappa Group P.L.C. 18,095 538,164 ---------- TOTAL IRELAND 1,332,117 ---------- ISRAEL -- (0.4%) Bezeq The Israeli Telecommunication Corp., Ltd. 220,558 327,450 Delek Group, Ltd. 440 90,106 Elbit Systems, Ltd. 1,308 164,834 Frutarom Industries, Ltd. 2,654 188,175 Israel Chemicals, Ltd. 34,492 164,365 Mizrahi Tefahot Bank, Ltd. 9,961 179,995 # NIice, Ltd. Sponsored ADR 1,179 88,024 Teva Pharmaceutical Industries, Ltd. 2,817 90,906 Teva Pharmaceutical Industries, Ltd. Sponsored ADR 742 23,870 * Tower Semiconductor, Ltd. 4,828 126,252 ---------- TOTAL ISRAEL 1,443,977 ---------- ITALY -- (2.2%) Atlantia SpA 39,408 1,198,765 Banca Mediolanum SpA 12,285 107,418 CNH Industrial NV 91,330 1,057,915 Davide Campari-Milano SpA 16,370 121,013 # Enel SpA 191,951 1,094,945 Eni SpA 52,849 836,766 Ferrari NV(BD6G507) 5,441 572,575 # Ferrari NV(N3167Y103) 2,904 305,472 * Fiat Chrysler Automobiles NV 54,412 656,119 * GEDI Gruppo Editoriale SpA 2,633 2,444 Leonardo SpA 19,962 347,864 Luxottica Group SpA 4,342 250,660 Poste Italiane SpA 11,336 83,447 Prysmian SpA 3,720 118,988 Recordati SpA 5,894 251,589 Snam SpA 42,557 201,349 ---------- TOTAL ITALY 7,207,329 ---------- JAPAN -- (20.5%) ABC-Mart, Inc. 1,900 108,340 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Ain Holdings, Inc. 2,300 $ 165,765 Air Water, Inc. 8,000 154,889 Ajinomoto Co., Inc. 15,500 311,748 # Alps Electric Co., Ltd. 24,000 652,638 Asahi Group Holdings, Ltd. 16,600 676,637 Asahi Intecc Co., Ltd. 4,800 215,545 Astellas Pharma, Inc. 85,000 1,082,520 Bandai Namco Holdings, Inc. 16,700 580,548 Bridgestone Corp. 21,487 903,990 Brother Industries, Ltd. 21,700 553,664 Calbee, Inc. 3,400 140,957 Canon, Inc. 7,900 274,848 Casio Computer Co., Ltd. 18,700 306,313 Cosmos Pharmaceutical Corp. 800 170,315 CyberAgent, Inc. 10,800 333,559 Daifuku Co., Ltd. 6,400 221,030 Daiichikosho Co., Ltd. 4,800 231,180 Daikin Industries, Ltd. 9,300 984,622 Daito Trust Construction Co., Ltd. 6,200 1,047,945 Daiwa House Industry Co., Ltd. 23,600 823,200 Dentsu, Inc. 5,500 257,167 Disco Corp. 700 124,064 DMG Mori Co., Ltd. 1,700 28,201 Don Quijote Holdings Co., Ltd. 5,900 214,281 Fast Retailing Co., Ltd. 1,400 420,069 FP Corp. 2,200 120,358 Fuji Electric Co., Ltd. 42,000 231,242 Fujitsu General, Ltd. 8,000 168,866 Fujitsu, Ltd. 98,000 729,779 # GungHo Online Entertainment, Inc. 41,400 111,857 # Harmonic Drive Systems, Inc. 800 34,556 Haseko Corp. 36,400 455,751 Hikari Tsushin, Inc. 1,800 196,559 Hino Motors, Ltd. 33,500 394,285 Hitachi Chemical Co., Ltd. 5,200 147,835 Horiba, Ltd. 1,700 104,135 Hoshizaki Corp. 1,700 164,554 Hoya Corp. 15,300 862,720 * IHI Corp. 192,000 632,822 Isuzu Motors, Ltd. 700 9,599 Ito En, Ltd. 5,300 195,985 Itochu Techno-Solutions Corp. 2,400 83,572 Izumi Co., Ltd. 4,200 219,118 Japan Exchange Group, Inc. 28,300 507,909 Japan Tobacco, Inc. 44,300 1,539,386 Kagome Co., Ltd. 2,000 60,754 Kajima Corp. 114,000 994,039 Kakaku.com, Inc. 12,900 182,261 Kaken Pharmaceutical Co., Ltd. 3,200 170,324 Kansai Paint Co., Ltd. 7,600 173,840 Kao Corp. 19,400 1,181,160 KDDI Corp. 98,300 2,604,653 Keihan Holdings Co., Ltd. 38,000 245,852 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- JAPAN -- (Continued) Kewpie Corp. 5,300 $ 133,314 Kikkoman Corp. 5,000 153,137 Kirin Holdings Co., Ltd. 42,100 927,200 Koito Manufacturing Co., Ltd. 13,300 776,934 Konami Holdings Corp. 4,700 245,123 Kose Corp. 1,700 189,178 Kubota Corp. 27,200 472,331 Kyudenko Corp. 2,800 105,609 # Lawson, Inc. 6,600 449,317 Lion Corp. 6,000 128,431 M3, Inc. 20,300 547,594 Matsumotokiyoshi Holdings Co., Ltd. 1,900 117,165 Megmilk Snow Brand Co., Ltd. 1,700 47,001 MEIJI Holdings Co., Ltd. 4,400 350,651 Minebea Mitsumi, Inc. 38,400 632,652 Miraca Holdings, Inc. 5,300 241,852 MISUMI Group, Inc. 8,000 198,398 Mitsubishi Electric Corp. 58,000 897,880 Mitsubishi Motors Corp. 27,900 201,259 Mixi, Inc. 4,400 241,822 # MonotaRO Co., Ltd. 5,000 164,925 Morinaga & Co., Ltd. 2,100 120,358 Murata Manufacturing Co., Ltd. 5,400 840,074 Nabtesco Corp. 4,700 152,583 NGK Insulators, Ltd. 18,600 374,050 Nichirei Corp. 10,000 281,055 Nidec Corp. 3,000 330,568 Nifco, Inc. 5,200 299,933 Nihon M&A Center, Inc. 5,900 236,896 # Nippon Paint Holdings Co., Ltd. 7,800 299,916 Nipro Corp. 10,900 147,857 Nissan Chemical Industries, Ltd. 6,900 229,051 Nitori Holdings Co., Ltd. 3,500 493,928 Nitto Denko Corp. 4,400 392,344 Nomura Research Institute, Ltd. 6,710 251,178 NS Solutions Corp. 600 12,632 NSK, Ltd. 37,600 484,674 NTT Data Corp. 40,500 441,161 NTT DOCOMO, Inc. 55,900 1,298,110 Olympus Corp. 11,200 406,523 Omron Corp. 8,700 434,061 Oracle Corp. 3,800 255,416 # Orient Corp. 24,600 41,491 Oriental Land Co., Ltd. 3,400 246,468 Otsuka Corp. 3,200 209,622 Panasonic Corp. 118,200 1,628,002 # Park24 Co., Ltd. 9,400 237,893 * PeptiDream, Inc. 1,900 59,700 Persol Holdings Co., Ltd. 15,800 299,565 Pigeon Corp. 9,600 355,840 # Pilot Corp. 1,900 82,761 Rakuten, Inc. 26,600 324,924 Recruit Holdings Co., Ltd. 33,600 581,605 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- JAPAN -- (Continued) Relo Group, Inc. 11,700 $ 234,837 Resorttrust, Inc. 6,300 116,132 Rohto Pharmaceutical Co., Ltd. 1,000 20,200 Ryohin Keikaku Co., Ltd. 2,100 536,851 Sanwa Holdings Corp. 18,700 202,495 Sawai Pharmaceutical Co., Ltd. 1,800 101,451 SCREEN Holdings Co., Ltd. 2,000 133,685 SCSK Corp. 2,500 105,500 Secom Co., Ltd. 5,300 397,648 # Seibu Holdings, Inc. 13,800 240,737 # Seiko Epson Corp. 22,900 602,784 Sekisui Chemical Co., Ltd. 36,700 676,026 Seria Co., Ltd. 3,400 168,750 Seven & I Holdings Co., Ltd. 30,200 1,217,200 Seven Bank, Ltd. 49,700 196,681 #* Sharp Corp. 15,000 52,803 Shimadzu Corp. 13,000 255,969 Shimano, Inc. 1,500 219,916 Shimizu Corp. 17,000 179,622 Shionogi & Co., Ltd. 3,700 197,543 Shiseido Co., Ltd. 10,400 367,363 Showa Shell Sekiyu K.K. 24,400 265,783 Skylark Co., Ltd. 12,200 184,133 SoftBank Group Corp. 49,540 3,992,802 Sohgo Security Services Co., Ltd. 3,500 148,361 Sony Corp. 50,500 2,074,758 Stanley Electric Co., Ltd. 6,800 224,631 Start Today Co., Ltd. 14,700 414,786 Subaru Corp. 32,900 1,186,935 Sugi Holdings Co., Ltd. 1,800 91,841 Sundrug Co., Ltd. 6,300 234,690 Suntory Beverage & Food, Ltd. 5,500 269,607 Suruga Bank, Ltd. 8,800 212,202 Suzuki Motor Corp. 19,000 900,625 Sysmex Corp. 8,700 498,033 Taisei Corp. 90,000 861,482 Taiyo Nippon Sanso Corp. 9,500 109,791 Takeda Pharmaceutical Co., Ltd. 18,100 956,166 Terumo Corp. 6,300 238,203 Toho Co., Ltd. 3,800 136,942 Tokyo Electron, Ltd. 4,200 590,678 Tosoh Corp. 74,000 876,170 TOTO, Ltd. 6,499 261,529 Toyo Tire & Rubber Co., Ltd. 12,900 264,792 Toyota Boshoku Corp. 8,200 171,253 Trend Micro, Inc. 10,400 520,128 Tsuruha Holdings, Inc. 1,900 199,351 Ulvac, Inc. 3,500 187,654 Unicharm Corp. 11,500 295,061 USS Co., Ltd. 9,700 195,952 Welcia Holdings Co., Ltd. 4,000 152,002 # Yahoo Japan Corp. 43,800 198,236 Yamaha Motor Co., Ltd. 23,100 580,169 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) Yamato Holdings Co., Ltd. 5,100 $ 102,369 Yamazaki Baking Co., Ltd. 10,000 200,606 Yaskawa Electric Corp. 21,300 571,037 Yokogawa Electric Corp. 11,900 200,276 Zenkoku Hosho Co., Ltd. 3,900 167,711 Zensho Holdings Co., Ltd. 10,200 184,510 ----------- TOTAL JAPAN 67,725,266 ----------- NETHERLANDS -- (2.9%) * Altice NV Class A 19,293 475,330 * Altice NV Class B 4,165 102,899 GrandVision NV 8,146 230,196 # Heineken NV 7,197 751,001 # Koninklijke KPN NV 332,172 1,204,571 RELX NV 71,813 1,508,389 # Unilever NV(904784709) 64,260 3,738,004 Unilever NV(B12T3J1) 9,659 562,904 Wolters Kluwer NV 20,474 910,549 ----------- TOTAL NETHERLANDS 9,483,843 ----------- NEW ZEALAND -- (0.3%) Fisher & Paykel Healthcare Corp., Ltd. 58,024 478,113 Spark New Zealand, Ltd. 168,341 474,151 Z Energy, Ltd. 35,425 205,956 ----------- TOTAL NEW ZEALAND 1,158,220 ----------- NORWAY -- (0.7%) Aker ASA Class A 484 18,328 Aker BP ASA 8,093 152,876 Bakkafrost P/F 3,127 122,782 Gjensidige Forsikring ASA 10,145 175,582 Kongsberg Gruppen ASA 2,236 38,024 Leroy Seafood Group ASA 19,860 115,274 #* Marine Harvest ASA 24,521 457,157 Salmar ASA 3,180 82,675 Telenor ASA 38,705 772,689 TGS NOPEC Geophysical Co. ASA 5,707 120,604 Tomra Systems ASA 4,203 59,739 Veidekke ASA 4,272 56,471 ----------- TOTAL NORWAY 2,172,201 ----------- SINGAPORE -- (1.0%) Dairy Farm International Holdings, Ltd. 21,800 175,766 Genting Singapore P.L.C. 240,100 206,292 Great Eastern Holdings, Ltd. 4,300 79,294 Jardine Cycle & Carriage, Ltd. 8,144 242,503 SATS, Ltd. 64,300 229,093 Singapore Exchange, Ltd. 81,500 454,877 Singapore Technologies Engineering, Ltd. 155,600 432,667 Singapore Telecommunications, Ltd.(B02PY00) 50,300 147,264 Singapore Telecommunications, Ltd.(B02PY22) 196,800 576,079 # StarHub, Ltd. 59,100 119,034 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SINGAPORE -- (Continued) United Overseas Bank, Ltd. 34,814 $ 616,055 ---------- TOTAL SINGAPORE 3,278,924 ---------- SPAIN -- (3.0%) Abertis Infraestructuras SA 39,066 770,275 ACS Actividades de Construccion y Servicios SA 17,438 667,796 Aena SA 2,553 498,979 Amadeus IT Group SA 42,665 2,626,197 Enagas SA 10,882 307,558 Endesa SA 16,916 400,458 Gas Natural SDG SA 11,300 264,465 Grifols SA 6,830 191,650 Industria de Diseno Textil SA 23,520 933,612 Siemens Gamesa Renewable Energy SA 26,503 433,620 Telefonica SA 256,195 2,900,884 ---------- TOTAL SPAIN 9,995,494 ---------- SWEDEN -- (2.4%) AAK AB 1,356 100,230 Alfa Laval AB 14,689 328,058 Assa Abloy AB Class B 5,799 124,232 Atlas Copco AB Class A 25,078 907,014 Atlas Copco AB Class B 17,430 564,486 # Axfood AB 9,285 156,374 Electrolux AB Series B 22,922 783,828 * Essity AB Class B 14,086 408,424 Hennes & Mauritz AB Class B 29,466 768,773 # Hexpol AB 13,698 140,102 Husqvarna AB Class B 21,600 219,729 Indutrade AB 4,349 107,283 Lifco AB Class B 1,171 39,041 NCC AB Class B 5,786 150,550 Nibe Industrier AB Class B 5,041 48,061 Peab AB 9,025 105,938 Sandvik AB 43,343 683,025 Securitas AB Class B 26,151 435,501 Skanska AB Class B 7,370 167,472 SKF AB Class A 994 19,802 SKF AB Class B 37,691 749,152 Svenska Cellulosa AB SCA Class B 14,086 116,630 Sweco AB Class B 1,886 46,062 Volvo AB Class A 7,122 120,903 Volvo AB Class B 41,863 711,060 ---------- TOTAL SWEDEN 8,001,730 ---------- SWITZERLAND -- (7.1%) ABB, Ltd. 41,104 962,915 EMS-Chemie Holding AG 442 307,552 Geberit AG 2,114 1,016,738 Givaudan SA 915 1,820,491 * Idorsia, Ltd. 5,892 110,290 Kuehne + Nagel International AG 2,949 513,550 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- SWITZERLAND -- (Continued) Logitech International SA 5,053 $ 182,110 * Lonza Group AG 3,609 857,768 Nestle SA 42,051 3,549,504 Partners Group Holding AG 1,150 746,543 Roche Holding AG(7108918) 1,195 308,099 Roche Holding AG(7110388) 34,208 8,660,415 Schindler Holding AG 1,430 300,723 SGS SA 357 789,036 Sika AG 226 1,557,424 Sonova Holding AG 3,183 516,255 Straumann Holding AG 647 365,372 Swisscom AG 1,003 490,228 * Temenos Group AG 4,063 392,755 Vifor Pharma AG 1,008 107,598 ----------- TOTAL SWITZERLAND 23,555,366 ----------- UNITED KINGDOM -- (14.3%) Admiral Group P.L.C. 10,526 287,149 Ashtead Group P.L.C. 61,907 1,330,029 # AstraZeneca P.L.C. Sponsored ADR 75,668 2,283,660 BAE Systems P.L.C. 288,037 2,285,236 Berkeley Group Holdings P.L.C. 6,214 286,580 British American Tobacco P.L.C. 21,589 1,342,960 British American Tobacco P.L.C. Sponsored ADR 54,356 3,398,337 BT Group P.L.C. 373,130 1,544,123 Bunzl P.L.C. 13,860 418,484 Burberry Group P.L.C. 23,812 537,138 Capita P.L.C. 56,943 494,773 Centrica P.L.C. 689,470 1,806,184 Compass Group P.L.C. 67,272 1,435,386 Croda International P.L.C. 9,046 441,389 Diageo P.L.C. 999 32,265 # Diageo P.L.C. Sponsored ADR 15,021 1,961,292 DS Smith P.L.C. 49,156 313,130 Experian P.L.C. 65,315 1,297,564 Fresnillo P.L.C. 9,676 196,366 G4S P.L.C. 115,142 499,797 GKN P.L.C. 58,511 248,224 # GlaxoSmithKline P.L.C. Sponsored ADR 110,142 4,462,954 Hargreaves Lansdown P.L.C. 24,513 446,028 Imperial Brands P.L.C. 27,604 1,136,823 Inmarsat P.L.C. 35,573 364,061 # InterContinental Hotels Group P.L.C. ADR 12,864 730,161 International Consolidated Airlines Group SA 97,385 742,704 Intertek Group P.L.C. 15,324 869,259 ITV P.L.C. 346,401 792,151 JD Sports Fashion P.L.C. 8,717 41,204 Johnson Matthey P.L.C. 8,224 304,801 #* Liberty Global P.L.C. LiLAC Class A 43 1,113 Merlin Entertainments P.L.C. 31,295 193,778 Mondi P.L.C. 22,366 589,108 Next P.L.C. 12,079 629,623 Persimmon P.L.C. 10,879 359,452 INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) Provident Financial P.L.C. 8,946 $ 243,536 Reckitt Benckiser Group P.L.C. 9,354 909,464 RELX P.L.C. 51,970 1,131,973 Rentokil Initial P.L.C. 163,739 627,532 Rightmove P.L.C. 7,681 426,093 * Rolls-Royce Holdings P.L.C. 177,081 2,074,844 Sage Group P.L.C. (The) 23,500 208,985 Sky P.L.C. 55,248 704,089 Smiths Group P.L.C. 16,119 326,488 Spirax-Sarco Engineering P.L.C. 1,795 131,741 SSE P.L.C. 51,387 935,161 St James's Place P.L.C. 18,212 292,528 * Tesco P.L.C. 417,494 959,616 TUI AG 51,848 814,929 Unilever P.L.C. 712 40,607 # Unilever P.L.C. Sponsored ADR 37,119 2,115,412 Whitbread P.L.C. 6,223 316,004 Wolseley P.L.C. 12,294 734,049 Worldpay Group P.L.C. 41,300 201,536 ------------ TOTAL UNITED KINGDOM 47,297,873 ------------ TOTAL COMMON STOCKS 303,318,033 ------------ PREFERRED STOCKS -- (0.2%) GERMANY -- (0.2%) Fuchs Petrolub SE 3,032 179,996 # Sartorius AG 2,864 270,690 Schaeffler AG 11,745 163,753 ------------ TOTAL GERMANY 614,439 ------------ TOTAL PREFERRED STOCKS 614,439 ------------ TOTAL INVESTMENT SECURITIES 303,932,472 ------------ VALUE+ ------------ SECURITIES LENDING COLLATERAL -- (8.0%) (S)@ DFA Short Term Investment Fund 2,276,576 26,344,542 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $288,869,638)^^ $330,277,014 ============ INTERNATIONAL LARGE CAP GROWTH PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia -- $ 19,732,713 -- $ 19,732,713 Austria -- 698,612 -- 698,612 Belgium $ 161,081 3,254,978 -- 3,416,059 Canada 24,944,100 -- -- 24,944,100 Denmark -- 5,344,418 -- 5,344,418 Finland -- 2,664,837 -- 2,664,837 France -- 27,661,391 -- 27,661,391 Germany 49,538 27,009,512 -- 27,059,050 Hong Kong -- 9,144,513 -- 9,144,513 Ireland 21,042 1,311,075 -- 1,332,117 Israel 402,980 1,040,997 -- 1,443,977 Italy 305,472 6,901,857 -- 7,207,329 Japan -- 67,725,266 -- 67,725,266 Netherlands 3,738,004 5,745,839 -- 9,483,843 New Zealand -- 1,158,220 -- 1,158,220 Norway -- 2,172,201 -- 2,172,201 Singapore -- 3,278,924 -- 3,278,924 Spain -- 9,995,494 -- 9,995,494 Sweden 408,424 7,593,306 -- 8,001,730 Switzerland 292,400 23,262,966 -- 23,555,366 United Kingdom 14,952,929 32,344,944 -- 47,297,873 Preferred Stocks Germany -- 614,439 -- 614,439 Securities Lending Collateral -- 26,344,542 -- 26,344,542 ----------- ------------ -- ------------ TOTAL $45,275,970 $285,001,044 -- $330,277,014 =========== ============ == ============ INTERNATIONAL SMALL CAP GROWTH PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------- -------- COMMON STOCKS -- (89.7%) AUSTRALIA -- (6.0%) * 3P Learning, Ltd. 20,996 $ 18,476 Adacel Technologies, Ltd. 6,957 14,938 # Adelaide Brighton, Ltd. 72,231 325,038 Ainsworth Game Technology, Ltd. 3,568 6,900 ALS, Ltd. 13,513 80,231 Altium, Ltd. 22,785 159,336 # AMA Group, Ltd. 60,867 49,652 # Amaysim Australia, Ltd. 37,101 47,477 AP Eagers, Ltd. 12,547 91,198 # APN Outdoor Group, Ltd. 28,532 105,194 Appen, Ltd. 11,057 36,850 # ARB Corp., Ltd. 14,048 172,212 Asaleo Care, Ltd. 51,720 55,062 Australian Finance Group, Ltd. 20,789 23,848 Automotive Holdings Group, Ltd. 2,711 8,306 Bapcor, Ltd. 2,578 11,647 # Bellamy's Australia, Ltd. 13,104 73,950 # Blackmores, Ltd. 2,323 164,561 Breville Group, Ltd. 19,754 158,828 BT Investment Management, Ltd. 31,534 271,371 Capilano Honey, Ltd. 1,518 20,025 carsales.com, Ltd. 37,067 366,284 Class, Ltd. 11,009 26,222 Codan, Ltd. 12,863 23,071 Collins Foods, Ltd. 16,637 79,697 # Corporate Travel Management, Ltd. 13,288 237,495 Costa Group Holdings, Ltd. 27,462 105,020 # Credit Corp. Group, Ltd. 9,740 131,984 Data#3, Ltd. 22,757 32,354 DuluxGroup, Ltd. 68,078 358,964 * Elders, Ltd. 21,181 88,102 Event Hospitality and Entertainment, Ltd. 13,216 139,012 Evolution Mining, Ltd. 97,383 174,006 Fairfax Media, Ltd. 284,230 225,099 # Flight Centre Travel Group, Ltd. 7,625 265,217 # G8 Education, Ltd. 73,727 223,420 # GBST Holdings, Ltd. 6,528 17,242 GUD Holdings, Ltd. 15,751 150,557 GWA Group, Ltd. 39,635 102,816 Hansen Technologies, Ltd. 25,707 78,388 IDP Education, Ltd. 21,524 90,043 Infomedia, Ltd. 45,242 26,793 Integrated Research, Ltd. 19,978 53,527 InvoCare, Ltd. 18,895 210,110 # IPH, Ltd. 14,881 53,822 IRESS, Ltd. 24,433 252,258 # iSentia Group, Ltd. 29,237 51,906 IVE Group, Ltd. 10,920 19,650 # JB Hi-Fi, Ltd. 18,800 391,099 Link Administration Holdings, Ltd. 66,120 407,619 McMillan Shakespeare, Ltd. 12,105 138,955 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- AUSTRALIA -- (Continued) Michael Hill International, Ltd. 25,002 $ 24,900 Mineral Resources, Ltd. 13,087 128,677 MNF Group, Ltd. 3,360 12,486 Monadelphous Group, Ltd. 15,101 184,225 Monash IVF Group, Ltd. 29,564 37,599 # Mortgage Choice, Ltd. 21,829 40,543 MYOB Group, Ltd. 25,371 67,471 Navitas, Ltd. 42,011 166,880 nib holdings, Ltd. 75,494 346,815 Nick Scali, Ltd. 7,846 38,328 Northern Star Resources, Ltd. 105,628 374,208 # OFX Group, Ltd. 60,218 79,061 oOh!media, Ltd. 20,086 64,644 Orora, Ltd. 71,964 158,901 Pact Group Holdings, Ltd. 28,689 131,562 Perpetual, Ltd. 7,355 297,057 Pioneer Credit, Ltd. 7,574 15,751 # Platinum Asset Management, Ltd. 44,327 193,939 # Pro Medicus, Ltd. 5,887 24,456 PWR Holdings, Ltd. 10,213 17,694 RCG Corp., Ltd. 3,570 2,613 Reckon, Ltd. 18,830 22,625 Reece, Ltd. 1,925 65,101 # Regis Healthcare, Ltd. 22,275 65,765 Regis Resources, Ltd. 71,314 219,785 # Reliance Worldwide Corp., Ltd. 65,560 174,987 # Retail Food Group, Ltd. 15,906 61,663 Sandfire Resources NL 21,311 98,821 #* Saracen Mineral Holdings, Ltd. 140,582 152,274 # SeaLink Travel Group, Ltd. 7,575 25,644 Servcorp, Ltd. 1,141 5,462 SG Fleet Group, Ltd. 19,452 57,151 # Silver Chef, Ltd. 4,986 33,617 # Sirtex Medical, Ltd. 10,956 140,996 SmartGroup Corp., Ltd. 13,258 79,416 * St Barbara, Ltd. 90,318 197,175 # Super Retail Group, Ltd. 20,724 138,922 Tabcorp Holdings, Ltd. 105,571 352,758 Technology One, Ltd. 42,253 181,353 Virtus Health, Ltd. 9,903 44,396 Vita Group, Ltd. 15,220 15,977 Webjet, Ltd. 15,921 146,646 ----------- TOTAL AUSTRALIA 11,104,176 ----------- AUSTRIA -- (1.1%) ANDRITZ AG 12,353 756,296 # DO & CO AG 1,077 78,829 Kapsch TrafficCom AG 819 46,248 Lenzing AG 1,992 356,387 Oesterreichische Post AG 5,923 272,325 Palfinger AG 1,172 54,775 POLYTEC Holding AG 3,295 60,878 Porr Ag 1,715 61,133 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- AUSTRIA -- (Continued) RHI AG 2,031 $ 76,635 Rosenbauer International AG 181 10,954 Semperit AG Holding 454 13,869 Telekom Austria AG 15,068 136,227 Zumtobel Group AG 3,259 64,533 ---------- TOTAL AUSTRIA 1,989,089 ---------- BELGIUM -- (1.4%) * AGFA-Gevaert NV 37,233 173,601 bpost SA 18,547 507,746 Cie Immobiliere de Belgique SA 376 23,415 * Econocom Group SA 21,062 160,962 EVS Broadcast Equipment SA 2,827 114,709 #* Fagron 8,981 122,637 * Galapagos NV(B07MXC1) 1,322 105,323 * Galapagos NV(B07Q2V5) 240 19,067 Ion Beam Applications 2,961 105,014 Jensen-Group NV 520 25,202 # Kinepolis Group NV 3,145 180,708 Lotus Bakeries 55 153,647 Melexis NV 4,009 344,877 Ontex Group NV 82 2,812 Orange Belgium SA 4,333 106,873 Resilux 99 17,582 Sioen Industries NV 1,464 50,834 * Tessenderlo Group SA 5,906 259,284 Umicore SA 381 30,587 Van de Velde NV 1,365 73,509 ---------- TOTAL BELGIUM 2,578,389 ---------- CANADA -- (8.0%) * 5N Plus, Inc. 4,700 11,724 Ag Growth International, Inc. 1,000 44,877 # AGT Food & Ingredients, Inc. 2,700 55,072 Aimia, Inc. 23,797 27,676 # AirBoss of America Corp. 1,900 20,193 Altus Group, Ltd. 5,571 114,213 * Amaya, Inc. 3,700 65,616 Andrew Peller, Ltd. Class A 6,300 56,090 #* Avigilon Corp. 6,500 73,928 * B2Gold Corp. 112,813 283,220 # Badger Daylighting, Ltd. 6,138 130,366 # Bird Construction, Inc. 5,468 37,148 BMTC Group, Inc. 500 4,712 Boralex, Inc. Class A 11,328 202,346 BRP, Inc. 5,174 165,792 Calian Group, Ltd. 400 8,977 * Canfor Corp. 7,438 124,807 Canfor Pulp Products, Inc. 2,672 25,311 Cara Operations, Ltd. 1,600 30,094 * Celestica, Inc. 11,252 133,751 # Cineplex, Inc. 9,583 377,940 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- CANADA -- (Continued) Clearwater Seafoods, Inc. 4,851 $ 43,345 Cogeco Communications, Inc. 2,351 164,245 Cogeco, Inc. 1,000 61,263 Colliers International Group, Inc. 5,309 285,943 Computer Modelling Group, Ltd. 13,356 101,449 Corby Spirit and Wine, Ltd. 1,200 21,175 Cott Corp. 19,549 303,407 * CRH Medical Corp. 17,865 58,607 * Descartes Systems Group, Inc. (The) 11,619 291,512 DHX Media, Ltd. 13,900 72,357 #* DIRTT Environmental Solutions 12,800 60,984 * Endeavour Mining Corp. 9,665 184,036 #* Endeavour Silver Corp. 17,700 53,664 Enercare, Inc. 16,487 276,910 Enghouse Systems, Ltd. 2,907 124,581 Evertz Technologies, Ltd. 3,300 46,982 # Exchange Income Corp. 3,800 87,902 Exco Technologies, Ltd. 4,161 36,979 # Extendicare, Inc. 15,025 114,367 #* First Majestic Silver Corp. 24,500 201,620 # First National Financial Corp. 2,437 48,867 FirstService Corp. 5,450 351,239 # Gamehost, Inc. 2,400 17,864 Gluskin Sheff + Associates, Inc. 3,747 51,002 goeasy, Ltd. 500 11,201 * Great Canadian Gaming Corp. 7,800 151,777 * Guyana Goldfields, Inc. 25,594 98,742 High Liner Foods, Inc. 3,616 49,161 Imvescor Restaurant Group, Inc. 8,400 23,244 Information Services Corp. 2,603 39,063 Innergex Renewable Energy, Inc. 14,600 171,324 Intertape Polymer Group, Inc. 10,946 210,974 Jean Coutu Group PJC, Inc. (The) Class A 12,258 204,308 K-Bro Linen, Inc. 803 25,924 * Kinaxis, Inc. 3,250 209,038 Kirkland Lake Gold, Ltd. 24,393 252,783 * Klondex Mines, Ltd. 25,638 81,639 Labrador Iron Ore Royalty Corp. 5,900 81,490 Lassonde Industries, Inc. Class A 200 38,468 Leon's Furniture, Ltd. 2,432 35,190 Logistec Corp. Class B 800 24,217 Lucara Diamond Corp. 51,000 109,629 # MacDonald Dettwiler & Associates, Ltd. 4,781 271,157 Magellan Aerospace Corp. 2,900 46,312 Maple Leaf Foods, Inc. 6,602 182,478 # Mediagrif Interactive Technologies, Inc. 1,500 17,999 Medical Facilities Corp. 5,347 55,925 #* Mitel Networks Corp. 10,500 89,441 Morneau Shepell, Inc. 9,000 149,212 MTY Food Group, Inc. 3,000 113,238 Mullen Group, Ltd. 13,154 168,388 New Flyer Industries, Inc. 6,683 272,466 Norbord, Inc. 7,600 269,741 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ --------- ----------- CANADA -- (Continued) North West Co., Inc. (The) 7,493 $ 183,546 # Northland Power, Inc. 17,566 327,157 * NuVista Energy, Ltd. 20,100 103,019 # OceanaGold Corp. 80,480 220,122 Pan American Silver Corp. 20,700 348,667 * Parex Resources, Inc. 14,700 180,869 Parkland Fuel Corp. 8,012 171,904 # Peyto Exploration & Development Corp. 9,600 170,632 * Points International, Ltd. 700 5,755 Premium Brands Holdings Corp. 4,300 310,511 #* Pulse Seismic, Inc. 15,400 31,621 * Raging River Exploration, Inc. 32,081 205,596 Richelieu Hardware, Ltd. 8,445 220,346 * Richmont Mines, Inc. 10,195 84,962 Rogers Sugar, Inc. 11,900 61,182 * Roxgold, Inc. 33,000 31,233 Russel Metals, Inc. 8,400 168,034 Sandvine Corp. 4,232 14,868 Savaria Corp. 3,500 41,829 # Sienna Senior Living, Inc. 5,790 79,832 * Sierra Wireless, Inc. 4,100 120,723 Sleep Country Canada Holdings, Inc. 2,900 88,227 * Spin Master Corp. 848 25,996 Stantec, Inc. 15,460 393,336 Stella-Jones, Inc. 6,700 234,466 # Student Transportation, Inc. 10,055 59,197 Superior Plus Corp. 20,838 182,682 * Tembec, Inc. 10,800 39,328 TFI International, Inc. 12,750 299,741 * Theratechnologies, Inc. 12,159 76,070 * Torex Gold Resources, Inc. 10,254 186,945 Toromont Industries, Ltd. 12,004 445,691 Transcontinental, Inc. Class A 6,800 138,645 #* Trilogy Energy Corp. 7,200 30,550 # Uni-Select, Inc. 7,000 163,385 * Wesdome Gold Mines, Ltd. 19,900 39,265 West Fraser Timber Co., Ltd. 1,000 53,138 Western Forest Products, Inc. 57,628 114,632 Westshore Terminals Investment Corp. 8,641 163,567 Winpak, Ltd. 5,300 227,559 ZCL Composites, Inc. 4,900 52,193 ----------- TOTAL CANADA 14,605,703 ----------- CHINA -- (0.0%) BEP International Holdings, Ltd. 1,570,000 41,331 * KuangChi Science, Ltd. 97,000 34,007 ----------- TOTAL CHINA 75,338 ----------- DENMARK -- (1.7%) ALK-Abello A.S. 46 7,250 Ambu A.S. Class B 5,523 359,628 Brodrene Hartmann A.S. 300 18,377 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- DENMARK -- (Continued) Columbus A.S. 4,495 $ 9,720 DFDS A.S. 3,783 215,762 # GN Store Nord A.S. 23,180 705,046 * H+H International A.S. Class B 2,233 38,181 IC Group A.S. 770 17,600 NNIT A.S. 1,482 47,406 Per Aarsleff Holding A.S. 271 6,760 Rockwool International A.S. Class A 440 94,834 Rockwool International A.S. Class B 561 127,671 Royal Unibrew A.S. 8,656 431,300 RTX A.S. 1,128 29,105 SimCorp A.S. 8,214 513,605 * Topdanmark A.S. 11,942 408,043 ---------- TOTAL DENMARK 3,030,288 ---------- FINLAND -- (2.2%) Alma Media Oyj 7,507 57,572 Asiakastieto Group Oyj 1,779 46,123 Elisa Oyj 22,180 913,081 F-Secure Oyj 19,279 87,589 Huhtamaki Oyj 11,320 438,659 Konecranes Oyj 8,728 389,408 Lassila & Tikanoja Oyj 5,531 126,050 Nokian Renkaat Oyj 15,580 635,263 Olvi Oyj Class A 2,107 74,091 Oriola Oyj Class A 683 3,047 Oriola Oyj Class B 17,922 76,871 Orion Oyj Class B 1,152 58,223 Pihlajalinna Oyj 1,253 25,263 Ponsse Oy 1,593 46,218 Ramirent Oyj 11,961 119,227 Revenio Group Oyj 746 32,647 Tieto Oyj 8,478 268,956 Tikkurila Oyj 6,215 132,552 # Uponor Oyj 8,339 134,647 Vaisala Oyj Class A 1,600 76,949 Valmet Oyj 16,077 293,059 ---------- TOTAL FINLAND 4,035,495 ---------- FRANCE -- (5.1%) * Air France-KLM 17,150 232,211 Akka Technologies 886 48,394 Alten SA 3,939 340,066 Altran Technologies SA 18,468 324,730 Assystem 1,349 51,744 Aubay 818 29,730 Bastide le Confort Medical 488 22,811 Boiron SA 892 83,561 Cie Plastic Omnium SA 8,351 321,366 Derichebourg SA 10,683 93,593 Devoteam SA 966 87,664 Elior Group 14,005 371,734 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FRANCE -- (Continued) Euronext NV 7,904 $ 461,906 Europcar Groupe SA 6,025 87,725 Faurecia 8,359 464,159 Gaztransport Et Technigaz SA 2,566 122,304 Groupe Crit 163 15,618 Groupe Eurotunnel SE 34,078 377,877 #* Groupe Gorge 423 10,516 Guerbet 1,092 98,275 * ID Logistics Group 273 44,099 # Ingenico Group SA 7,467 783,253 Ipsen SA 4,202 537,834 Kaufman & Broad SA 2,089 90,520 Le Noble Age 725 42,920 Lectra 3,407 97,986 Linedata Services 683 39,787 LISI 1,963 94,636 Metropole Television SA 8,527 206,313 MGI Coutier 993 39,941 # Oeneo SA 3,907 43,554 Plastivaloire 719 18,492 Robertet SA 46 22,054 Sartorius Stedim Biotech 3,876 276,174 Societe pour l'Informatique Industrielle 1,340 35,654 Somfy SA 1,020 96,657 Sopra Steria Group 1,791 309,727 SPIE SA 10,155 285,431 Stef SA 147 16,339 Synergie SA 1,429 67,710 Tarkett SA 3,169 131,202 Technicolor SA 45,659 165,989 Teleperformance 7,151 996,367 Tessi SA 132 24,187 Trigano SA 1,143 150,307 * Ubisoft Entertainment SA 12,800 809,926 Union Financiere de France BQE SA 286 9,776 * Worldline SA 5,287 214,871 ---------- TOTAL FRANCE 9,297,690 ---------- GERMANY -- (5.0%) Amadeus Fire AG 719 66,412 Atoss Software AG 144 13,057 # Axel Springer SE 3,642 231,263 Basler AG 591 111,635 Bechtle AG 3,356 241,568 # Bertrandt AG 723 68,855 # CANCOM SE 1,975 129,885 CENIT AG 1,465 40,734 Cewe Stiftung & Co. KGAA 665 58,845 CompuGroup Medical SE 3,549 211,426 * Constantin Medien AG 7,778 17,110 CTS Eventim AG & Co. KGaA 6,196 287,187 * Dialog Semiconductor P.L.C. 9,177 399,907 Diebold Nixdorf AG 205 17,450 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ --------- ---------- GERMANY -- (Continued) Dr Hoenle AG 350 $ 14,777 Drillisch AG 6,362 425,582 Duerr AG 3,063 373,186 Ferratum Oyj 1,218 33,164 # Fielmann AG 3,292 264,395 Freenet AG 11,761 396,991 Fuchs Petrolub SE 4,186 220,194 Gerresheimer AG 3,949 325,903 # GFT Technologies SE 3,181 59,131 Grammer AG 756 42,953 * H&R GmbH & Co. KGaA 1,215 16,531 Hamburger Hafen und Logistik AG 3,408 95,314 #* Heidelberger Druckmaschinen AG 36,744 125,114 Hugo Boss AG 8,113 611,950 Isra Vision AG 452 82,773 KION Group AG 326 28,288 Koenig & Bauer AG 1,843 144,378 # Krones AG 953 118,571 KWS Saat SE 92 37,372 Leifheit AG 1,088 43,089 MTU Aero Engines AG 6,697 981,471 Nemetschek SE 3,181 246,845 Nexus AG 1,115 34,307 Norma Group SE 3,778 229,111 OHB SE 467 16,736 paragon AG 558 40,527 * Patrizia Immobilien AG 1,361 24,580 QSC AG 16,273 35,771 Rational AG 484 303,922 S&T AG 5,316 92,927 Secunet Security Networks AG 168 19,893 * Siltronic AG 2,194 238,579 # Sixt SE 1,646 116,352 Stabilus SA 2,844 236,489 # Stada Arzneimittel AG 8,232 640,939 Stroeer SE & Co. KGaA 3,060 197,280 Takkt AG 4,021 98,735 Washtec AG 1,821 146,121 XING AG 336 98,742 Zeal Network SE 686 18,908 ---------- TOTAL GERMANY 9,173,225 ---------- HONG KONG -- (2.3%) Alltronics Holdings, Ltd. 63,000 23,797 Asia Satellite Telecommunications Holdings, Ltd. 500 511 Bonjour Holdings, Ltd. 77,000 3,695 Bright Smart Securities & Commodities Group, Ltd. 98,000 28,927 #* Brightoil Petroleum Holdings, Ltd. 424,000 110,175 Cafe de Coral Holdings, Ltd. 52,000 167,373 CGN Mining Co., Ltd. 85,000 6,847 * China Fortune Financial Group, Ltd. 368,000 9,408 #* China LNG Group, Ltd. 2,640,000 42,244 * China Medical & Healthcare Group, Ltd. 210,000 9,798 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ --------- -------- HONG KONG -- (Continued) * China Smarter Energy Group Holdings, Ltd. 354,000 $ 31,697 Chow Sang Sang Holdings International, Ltd. 22,000 51,373 CITIC Telecom International Holdings, Ltd. 148,000 45,058 CK Life Sciences Intl Holdings, Inc. 216,000 17,672 CNQC International Holdings, Ltd. 45,000 14,287 Emperor Capital Group, Ltd. 150,000 13,420 # Fairwood Holdings, Ltd. 16,500 68,230 * Freeman FinTech Corp., Ltd. 1,120,000 71,640 #* GCL New Energy Holdings, Ltd. 792,000 36,469 Giordano International, Ltd. 186,000 103,504 # Goodbaby International Holdings, Ltd. 109,000 53,416 # Guotai Junan International Holdings, Ltd. 362,000 111,445 # Haitong International Securities Group, Ltd. 70,162 40,436 HKBN, Ltd. 144,500 142,832 Hong Kong Aircraft Engineering Co., Ltd. 3,200 22,317 Hutchison Telecommunications Hong Kong Holdings, Ltd. 130,000 49,884 IGG, Inc. 120,000 201,871 * iOne Holdings, Ltd. 180,000 4,396 IT, Ltd. 22,000 10,975 Johnson Electric Holdings, Ltd. 43,875 155,905 Karrie International Holdings, Ltd. 126,000 19,978 L'Occitane International SA 54,250 125,411 * L'sea Resources International Holdings, Ltd. 430,000 5,463 Lifestyle International Holdings, Ltd. 104,000 141,544 Luk Fook Holdings International, Ltd. 52,000 190,921 Man Wah Holdings, Ltd. 189,600 163,663 Microport Scientific Corp. 42,000 33,101 Modern Dental Group, Ltd. 40,000 15,345 NagaCorp, Ltd. 84,000 51,202 Nameson Holdings, Ltd. 62,000 11,499 Pacific Textiles Holdings, Ltd. 120,000 135,709 Pico Far East Holdings, Ltd. 138,000 56,881 Playmates Toys, Ltd. 56,000 9,529 # Regina Miracle International Holdings, Ltd. 43,000 37,869 #* Rentian Technology Holdings, Ltd. 260,000 12,644 SA SA International Holdings, Ltd. 128,488 47,196 Shenwan Hongyuan HK, Ltd. 35,000 13,190 SITC International Holdings Co., Ltd. 163,000 135,612 SmarTone Telecommunications Holdings, Ltd. 54,000 70,917 Stella International Holdings, Ltd. 53,500 91,697 #* Summit Ascent Holdings, Ltd. 134,000 30,323 Television Broadcasts, Ltd. 46,500 170,217 Texwinca Holdings, Ltd. 98,000 59,454 TK Group Holdings, Ltd. 32,000 13,092 * Tom Group, Ltd. 96,000 23,612 # Tradelink Electronic Commerce, Ltd. 60,000 11,363 Tsui Wah Holdings, Ltd. 108,000 16,709 #* United Laboratories International Holdings, Ltd. (The) 42,000 26,324 Value Partners Group, Ltd. 48,000 44,598 Varitronix International, Ltd. 17,000 9,077 # Vitasoy International Holdings, Ltd. 120,000 256,435 VTech Holdings, Ltd. 25,300 365,947 Wonderful Sky Financial Group Holdings, Ltd. 44,000 11,372 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- HONG KONG -- (Continued) Xinyi Glass Holdings, Ltd. 66,000 $ 68,198 * Yat Sing Holdings, Ltd. 50,000 23,303 # Yeebo International Holdings, Ltd. 36,000 19,753 ---------- TOTAL HONG KONG 4,168,750 ---------- IRELAND -- (0.5%) Datalex P.L.C. 6,850 30,592 Glanbia P.L.C. 29,000 600,337 Irish Continental Group P.L.C. 24,780 157,424 Kingspan Group P.L.C. 5,730 190,860 ---------- TOTAL IRELAND 979,213 ---------- ISRAEL -- (0.7%) * Arko Holdings, Ltd. 26,915 12,618 Avgol Industries 1953, Ltd. 10,796 13,250 Carasso Motors, Ltd. 1,414 13,316 * Cellcom Israel, Ltd. 9,208 85,486 Danel Adir Yeoshua, Ltd. 229 10,563 Delek Automotive Systems, Ltd. 7,090 58,622 Direct Insurance Financial Investments, Ltd. 2,512 26,934 El Al Israel Airlines 2 2 Electra Consumer Products 1970, Ltd. 992 19,453 Electra, Ltd. 310 61,303 FMS Enterprises Migun, Ltd. 713 26,473 Hilan, Ltd. 2,508 45,525 IDI Insurance Co., Ltd. 823 46,930 Inrom Construction Industries, Ltd. 6,797 31,398 Kerur Holdings, Ltd. 1,026 28,985 Klil Industries, Ltd. 118 13,209 Matrix IT, Ltd. 7,751 79,660 Maytronics, Ltd. 6,203 22,167 * Naphtha Israel Petroleum Corp., Ltd. 3,421 23,305 * Partner Communications Co., Ltd. 17,178 87,045 Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. 840 39,999 Scope Metals Group, Ltd. 704 19,694 Shapir Engineering and Industry, Ltd. 13,263 44,299 Shikun & Binui, Ltd. 8,828 20,300 Shufersal, Ltd. 11,838 64,320 Strauss Group, Ltd. 5,613 107,489 Tadiran Holdings, Ltd. 394 10,627 * Tower Semiconductor, Ltd. 12,039 320,202 ---------- TOTAL ISRAEL 1,333,174 ---------- ITALY -- (4.0%) Amplifon SpA 15,485 221,959 Autogrill SpA 22,534 267,549 # Azimut Holding SpA 20,666 463,028 Banca Generali SpA 11,426 405,322 Biesse SpA 2,633 100,341 Brembo SpA 29,404 452,160 Brunello Cucinelli SpA 5,795 170,231 * Carraro SpA 9,648 34,484 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- ITALY -- (Continued) Cerved Information Solutions SpA 34,426 $ 394,820 Datalogic SpA 1,467 45,042 De' Longhi SpA 6,013 197,754 DiaSorin SpA 4,281 373,380 FinecoBank Banca Fineco SpA 73,533 644,468 Gruppo MutuiOnline SpA 4,182 66,831 Industria Macchine Automatiche SpA 2,972 294,588 Interpump Group SpA 12,614 383,797 #* Juventus Football Club SpA 65,190 45,841 # Maire Tecnimont SpA 25,952 145,597 MARR SpA 6,363 163,150 #* Mediaset SpA 9,601 37,531 Moncler SpA 28,334 760,890 Piaggio & C SpA 8,432 23,408 Prysmian SpA 27,824 889,976 RAI Way SpA 12,296 67,666 Recordati SpA 719 30,691 Reply SpA 754 159,411 * Rizzoli Corriere Della Sera Mediagroup SpA 15,992 22,966 Salini Impregilo SpA 9,806 34,446 # Salvatore Ferragamo SpA 7,532 218,325 # SAVE SpA 3,011 74,566 #* Snaitech SpA 16,341 31,620 #* Sogefi SpA 8,295 42,075 Technogym SpA 10,283 76,100 Zignago Vetro SpA 4,668 41,535 ---------- TOTAL ITALY 7,381,548 ---------- JAPAN -- (22.8%) Abist Co., Ltd. 400 16,080 Ad-sol Nissin Corp. 1,300 13,729 Adastria Co., Ltd. 5,100 127,403 Adtec Plasma Technology Co., Ltd. 1,200 21,029 Advan Co., Ltd. 2,500 22,607 Advance Create Co., Ltd. 800 14,219 Advantage Risk Management Co., Ltd. 1,800 23,813 Aeon Delight Co., Ltd. 3,700 123,602 Aeon Fantasy Co., Ltd. 1,600 49,277 # Aeria, Inc. 1,700 49,789 Ai Holdings Corp. 6,200 170,822 Aica Kogyo Co., Ltd. 7,000 224,633 Aichi Corp. 4,000 28,350 Ain Holdings, Inc. 2,500 180,180 AIT Corp. 400 3,908 Ajis Co., Ltd. 1,000 20,253 #* Akatsuki, Inc. 700 62,984 * Akebono Brake Industry Co., Ltd. 18,300 60,530 Albis Co., Ltd. 1,100 45,924 Alinco, Inc. 1,100 12,297 * Allied Architects, Inc. 1,000 12,408 Altech Corp. 1,400 46,692 Amano Corp. 10,400 236,685 Amiyaki Tei Co., Ltd. 500 19,091 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Amuse, Inc. 1,600 $ 44,029 Anest Iwata Corp. 3,900 36,332 # Anicom Holdings, Inc. 3,200 81,003 Aoyama Zaisan Networks Co., Ltd. 2,300 19,900 Apamanshop Holdings Co., Ltd. 3,000 21,598 Arcland Service Holdings Co., Ltd. 2,800 48,717 Ariake Japan Co., Ltd. 2,700 193,567 ArtSpark Holdings, Inc. 1,500 18,815 Asahi Co., Ltd. 1,700 20,444 Asahi Holdings, Inc. 4,000 75,168 # Ashimori Industry Co., Ltd. 7,000 22,313 ASKUL Corp. 3,400 104,194 # Asukanet Co., Ltd. 1,900 27,947 # Ateam, Inc. 2,300 58,935 # Atom Corp. 15,600 111,493 Avex Group Holdings, Inc. 6,000 78,900 Axial Retailing, Inc. 2,400 94,113 # Beenos, Inc. 1,700 22,535 Belc Co., Ltd. 2,100 95,389 Bell System24 Holdings, Inc. 5,200 58,392 Benefit One, Inc. 2,700 109,645 * Bengo4.com, Inc. 1,400 22,394 Bic Camera, Inc. 14,800 171,773 BML, Inc. 3,000 61,718 Bourbon Corp. 600 14,254 BP Castrol K.K. 1,200 20,070 Br Holdings Corp. 6,000 21,579 Broadband Tower, Inc. 9,700 23,505 Broadleaf Co., Ltd. 6,600 44,346 #* Broadmedia Corp. 11,800 13,699 # BRONCO BILLY Co., Ltd. 1,400 34,458 Bunka Shutter Co., Ltd. 500 4,302 Can Do Co., Ltd. 1,100 17,023 Capcom Co., Ltd. 6,800 168,437 Career Design Center Co., Ltd. 1,000 12,450 Central Automotive Products, Ltd. 1,600 22,580 Central Sports Co., Ltd. 900 38,205 CHIMNEY Co., Ltd. 1,500 38,258 Ci:z Holdings Co., Ltd. 3,600 129,460 CKD Corp. 8,300 139,062 Clarion Co., Ltd. 26,000 98,395 CMIC Holdings Co., Ltd. 1,100 15,278 Coco's Japan Co., Ltd. 1,000 19,503 Cocokara fine, Inc. 2,800 146,319 # COLOPL, Inc. 8,900 99,812 # Colowide Co., Ltd. 10,100 175,362 Computer Engineering & Consulting, Ltd. 2,600 50,429 Comture Corp. 400 18,323 CONEXIO Corp. 3,900 64,233 # COOKPAD, Inc. 9,000 77,077 Cosmo Energy Holdings Co., Ltd. 300 5,198 Create Restaurants Holdings, Inc. 7,000 71,539 Create SD Holdings Co., Ltd. 4,500 113,862 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Creek & River Co., Ltd. 2,400 $ 29,646 Cresco, Ltd. 1,400 45,838 # CROOZ, Inc. 1,600 41,648 CTS Co., Ltd. 4,000 26,259 Cube System, Inc. 1,400 10,425 #* Cyberstep, Inc. 300 10,968 Cybozu, Inc. 3,000 13,721 D.A. Consortium Holdings, Inc. 5,000 65,211 Dai Nippon Toryo Co., Ltd. 14,000 38,954 Daido Metal Co., Ltd. 6,400 57,364 Daihen Corp. 15,000 133,722 Daiho Corp. 14,000 67,657 Daiichi Kigenso Kagaku-Kogyo Co., Ltd. 3,000 36,197 Daiken Corp. 2,400 58,799 # Daiken Medical Co., Ltd. 3,200 22,889 Daikokutenbussan Co., Ltd. 1,000 49,589 Daikyonishikawa Corp. 6,200 92,601 # Daio Paper Corp. 9,000 116,866 Daiseki Co., Ltd. 5,700 135,375 Daiseki Eco. Solution Co., Ltd. 1,700 22,037 Daito Pharmaceutical Co., Ltd. 2,000 53,364 Daiwabo Holdings Co., Ltd. 3,000 11,806 Denka Co., Ltd. 35,000 194,377 Descente, Ltd. 700 10,171 # Designone Japan, Inc. 1,700 22,032 # Dexerials Corp. 8,200 99,098 Diamond Dining Co., Ltd. 500 11,165 Digital Arts, Inc. 2,100 71,625 Dip Corp. 4,900 103,369 DMG Mori Co., Ltd. 16,800 278,689 * Drecom Co., Ltd. 1,600 21,178 DTS Corp. 3,200 97,686 Dvx, Inc. 1,700 19,407 # E-Guardian, Inc. 1,300 27,184 Eagle Industry Co., Ltd. 3,600 62,655 Earth Chemical Co., Ltd. 1,900 105,405 EF-ON, Inc. 1,600 14,452 # eGuarantee, Inc. 1,100 25,874 Eiken Chemical Co., Ltd. 2,500 82,773 Elan Corp. 600 13,593 Elecom Co., Ltd. 3,500 75,528 EM Systems Co., Ltd. 2,000 46,296 en-japan, Inc. 4,000 114,693 #* Eneres Co., Ltd. 6,400 29,355 #* Enigmo, Inc. 1,500 22,487 EPS Holdings, Inc. 4,500 73,802 # ES-Con Japan, Ltd. 8,800 42,290 * Escrow Agent Japan Co., Ltd. 700 20,527 #* Evolable Asia Corp. 1,300 31,109 F@N Communications, Inc. 6,600 60,432 FCC Co., Ltd. 5,200 113,712 #* FDK Corp. 17,000 22,743 Feed One Co., Ltd. 20,300 44,560 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Ferrotec Holdings Corp. 5,400 $ 80,130 #* FFRI, Inc. 600 27,006 Financial Products Group Co., Ltd. 10,900 123,381 # FINDEX, Inc. 2,300 19,600 First-corp, Inc. 1,200 12,156 # Fixstars Corp. 400 13,187 * Flight Holdings, Inc. 1,600 13,755 FP Corp. 3,700 202,421 #* FreakOut Holdings, Inc. 800 29,778 # Freebit Co., Ltd. 2,100 17,002 Freund Corp. 1,500 21,494 FTGroup Co., Ltd. 1,500 13,430 Fudo Tetra Corp. 25,500 42,097 Fuji Co., Ltd. 2,500 62,239 Fuji Corp. 1,300 24,002 # Fuji Kyuko Co., Ltd. 7,000 73,684 Fuji Oil Holdings, Inc. 8,700 205,554 Fuji Pharma Co., Ltd. 1,900 64,968 Fuji Seal International, Inc. 6,900 193,627 Fujibo Holdings, Inc. 1,500 45,511 Fujimori Kogyo Co., Ltd. 1,300 38,730 Fujio Food System Co., Ltd. 1,400 22,324 Fujita Kanko, Inc. 1,000 36,172 Fujitec Co., Ltd. 5,600 77,253 Fujitsu General, Ltd. 5,000 105,541 Fujiya Co., Ltd. 1,400 31,433 Fukuda Denshi Co., Ltd. 300 22,301 Fukui Computer Holdings, Inc. 1,000 36,472 Fukushima Industries Corp. 2,200 91,350 * Full Speed, Inc. 2,300 22,512 FULLCAST Holdings Co., Ltd. 5,400 67,974 # Fumakilla, Ltd. 2,000 21,408 Funai Soken Holdings, Inc. 3,820 99,519 # Furukawa Battery Co., Ltd. (The) 4,000 33,425 Furyu Corp. 1,300 14,966 Fuso Chemical Co., Ltd. 2,900 96,613 Futaba Industrial Co., Ltd. 10,200 105,683 Future Corp. 3,300 26,692 G-7 Holdings, Inc. 1,200 25,241 Gakkyusha Co., Ltd. 800 11,715 Genki Sushi Co., Ltd. 1,000 21,932 Genky Stores, Inc. 1,200 44,729 Geo Holdings Corp. 500 5,467 Geostr Corp. 1,800 15,443 # Giken, Ltd. 2,300 61,386 # GLOBERIDE, Inc. 2,100 36,351 Glory, Ltd. 7,200 239,762 GMO Click Holdings, Inc. 1,000 6,955 GMO Cloud K.K. 700 25,303 GMO internet, Inc. 13,300 171,521 # GMO Payment Gateway, Inc. 2,400 141,568 Golf Digest Online, Inc. 2,100 15,568 GS Yuasa Corp. 43,000 202,950 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) * Gunosy, Inc. 2,200 $ 62,127 Gurunavi, Inc. 4,700 76,884 Hagihara Industries, Inc. 500 14,346 Halows Co., Ltd. 600 12,967 Hamee Corp. 1,100 16,280 Handsman Co., Ltd. 700 9,957 Hard Off Corp. Co., Ltd. 1,000 10,369 Hazama Ando Corp. 25,500 175,963 # Hearts United Group Co., Ltd. 1,800 28,164 Heiwa Corp. 700 15,400 Heiwado Co., Ltd. 4,300 97,714 Helios Techno Holdings Co., Ltd. 1,600 11,431 Hibino Corp. 1,000 20,543 Hiday Hidaka Corp. 3,648 97,372 # Hiramatsu, Inc. 3,500 19,558 # Hirata Corp. 1,000 113,167 HIS Co., Ltd. 7,000 215,228 Hito Communications, Inc. 1,300 20,546 Hochiki Corp. 3,000 51,578 Hokuetsu Industries Co., Ltd. 3,000 26,099 Hokuto Corp. 2,600 46,391 Honda Tsushin Kogyo Co., Ltd. 1,500 23,560 Hoosiers Holdings 2,700 27,073 Horiba, Ltd. 3,200 196,019 Hosokawa Micron Corp. 900 43,725 Hotland Co., Ltd. 1,300 17,337 I-Net Corp. 1,540 17,810 # IBJ, Inc. 2,900 18,683 Ichibanya Co., Ltd. 2,064 73,514 # Ichiken Co., Ltd. 3,000 11,127 Ichikoh Industries, Ltd. 7,000 54,873 Ichinen Holdings Co., Ltd. 1,400 16,423 # IDOM, Inc. 12,200 80,809 * IGNIS, Ltd. 500 19,630 Ihara Science Corp. 1,100 21,595 Imagica Robot Holdings, Inc. 3,200 20,297 Infocom Corp. 2,500 61,163 Infomart Corp. 14,400 105,717 Information Development Co. 1,100 12,640 Information Services International-Dentsu, Ltd. 1,800 40,810 Intage Holdings, Inc. 3,000 61,312 Internet Initiative Japan, Inc. 4,900 88,586 Investors Cloud Co., Ltd. 900 46,123 Iriso Electronics Co., Ltd. 1,500 129,103 Istyle, Inc. 7,300 48,601 * ITbook Co., Ltd. 2,300 11,281 Itochu Enex Co., Ltd. 6,800 61,191 #* Itokuro, Inc. 400 17,824 # Ivy Cosmetics Corp. 300 21,233 Iwatani Corp. 24,000 155,586 JAC Recruitment Co., Ltd. 2,000 32,634 # Jalux, Inc. 1,300 32,776 Jamco Corp. 1,000 25,349 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Japan Aviation Electronics Industry, Ltd. 7,000 $110,594 Japan Investment Adviser Co., Ltd. 1,000 39,305 # Japan Lifeline Co., Ltd. 3,700 170,095 Japan Material Co., Ltd. 3,400 66,542 Japan Medical Dynamic Marketing, Inc. 4,300 38,363 Japan Property Management Center Co., Ltd. 2,000 26,713 Japan Steel Works, Ltd. (The) 9,400 155,243 # Jastec Co., Ltd. 1,300 15,420 JCU Corp. 1,900 69,720 Jeol, Ltd. 7,000 38,157 #* JIG-SAW, Inc. 600 34,573 JINS, Inc. 2,100 127,882 # JP-Holdings, Inc. 6,100 15,655 JSP Corp. 2,000 63,197 Juki Corp. 5,199 78,646 Justsystems Corp. 5,800 89,275 # K's Holdings Corp. 10,200 204,773 kabu.com Securities Co., Ltd. 25,100 81,427 Kakiyasu Honten Co., Ltd. 1,500 26,711 Kameda Seika Co., Ltd. 2,300 114,924 Kanamoto Co., Ltd. 4,400 157,737 Kanematsu Electronics, Ltd. 2,200 65,142 Kanto Denka Kogyo Co., Ltd. 6,000 54,718 * Kappa Create Co., Ltd. 4,000 46,500 Kasai Kogyo Co., Ltd. 3,600 46,862 KAWADA TECHNOLOGIES, Inc. 600 41,199 Kawai Musical Instruments Manufacturing Co., Ltd. 300 6,251 KeePer Technical Laboratory Co., Ltd. 1,500 17,893 # Kenko Mayonnaise Co., Ltd. 2,300 64,646 # KFC Holdings Japan, Ltd. 2,500 45,249 Ki-Star Real Estate Co., Ltd. 1,600 29,119 * Kintetsu Department Store Co., Ltd. 14,000 46,563 Kintetsu World Express, Inc. 5,700 99,819 Kitanotatsujin Corp. 400 4,242 Kito Corp. 3,000 34,701 Kitz Corp. 13,000 116,329 #* KLab, Inc. 5,700 96,961 * KNT-CT Holdings Co., Ltd. 23,000 38,494 Kobe Bussan Co., Ltd. 1,600 79,291 Kobelco Eco-Solutions Co., Ltd. 3,000 11,858 Komeri Co., Ltd. 3,100 90,698 Kondotec, Inc. 2,900 26,393 # Konoshima Chemical Co., Ltd. 700 11,382 Koshidaka Holdings Co., Ltd. 1,900 51,543 Kotobuki Spirits Co., Ltd. 3,900 143,944 # Kourakuen Holdings Corp. 2,000 31,917 KRS Corp. 500 13,558 Kumagai Gumi Co., Ltd. 53,000 183,581 # Kura Corp. 1,900 95,549 Kusuri no Aoki Holdings Co., Ltd. 2,000 110,071 Kyokuyo Co., Ltd. 1,200 33,781 Kyoritsu Maintenance Co., Ltd. 4,320 123,344 Kyudenko Corp. 2,300 86,750 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) LAC Co., Ltd. 2,200 $ 26,957 # Lasertec Corp. 6,900 102,878 LEC, Inc. 1,700 41,616 Leopalace21 Corp. 33,700 240,318 Life Corp. 2,800 74,143 LIFULL Co., Ltd. 9,300 74,260 # Like Co., Ltd. 900 29,369 Linical Co., Ltd. 2,500 43,395 # Link And Motivation, Inc. 13,100 87,514 #* M&A Capital Partners Co., Ltd. 1,300 59,266 # m-up, Inc. 1,400 24,530 Maeda Kosen Co., Ltd. 2,800 41,083 Maeda Road Construction Co., Ltd. 7,000 144,526 Mamezou Holdings Co., Ltd. 2,600 23,366 Mani, Inc. 4,000 95,073 Maruha Nichiro Corp. 6,400 174,655 # Maruwa Unyu Kikan Co., Ltd. 1,100 40,141 # Marvelous, Inc. 6,100 56,995 Matsui Construction Co., Ltd. 200 1,711 Matsui Securities Co., Ltd. 13,200 108,038 Matsuya Foods Co., Ltd. 1,200 45,435 MCJ Co., Ltd. 5,900 69,706 # MEC Co., Ltd. 2,800 34,660 # Media Do Co., Ltd. 900 20,673 #* Medical Data Vision Co., Ltd. 1,600 35,219 # Medical System Network Co., Ltd. 1,900 8,299 Medius Holdings Co., Ltd. 600 14,157 # Megachips Corp. 3,400 90,686 Megmilk Snow Brand Co., Ltd. 6,900 190,767 Meidensha Corp. 29,000 103,036 Meiji Shipping Co., Ltd. 5,700 20,937 Meiko Electronics Co., Ltd. 2,700 40,493 Meiko Network Japan Co., Ltd. 3,900 55,683 Meitec Corp. 4,400 206,214 Menicon Co., Ltd. 1,700 55,660 METAWATER Co., Ltd. 200 5,531 Mie Kotsu Group Holdings, Inc. 6,300 23,702 Milbon Co., Ltd. 1,780 103,785 Mimaki Engineering Co., Ltd. 2,700 21,483 Miroku Jyoho Service Co., Ltd. 3,700 77,948 Mitani Sekisan Co., Ltd. 100 2,353 Mitsuba Corp. 4,400 76,720 Mitsubishi Nichiyu Forklift Co., Ltd. 4,700 37,817 # Mitsubishi Research Institute, Inc. 1,100 31,637 Mitsui Mining & Smelting Co., Ltd. 77,000 336,368 Monogatari Corp. (The) 800 41,736 MORESCO Corp. 700 13,218 Morinaga Milk Industry Co., Ltd. 29,000 211,853 Morita Holdings Corp. 5,400 84,687 # Morozoff, Ltd. 300 18,567 #* Morpho, Inc. 600 27,052 MTI, Ltd. 7,300 49,234 Mugen Estate Co., Ltd. 2,600 23,337 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Musashi Seimitsu Industry Co., Ltd. 3,100 $ 86,315 #* Mynet, Inc. 800 22,442 N Field Co., Ltd. 1,300 17,892 Nachi-Fujikoshi Corp. 26,000 143,713 Nagatanien Holdings Co., Ltd. 4,000 49,801 Nagawa Co., Ltd. 1,100 39,788 Nakanishi, Inc. 2,300 96,364 * New Japan Radio Co., Ltd. 4,000 21,986 # Nextage Co., Ltd. 700 11,259 Nexyz Group Corp. 1,200 19,624 # Nichi-iko Pharmaceutical Co., Ltd. 5,700 87,321 Nichias Corp. 19,000 230,744 Nichiban Co., Ltd. 4,000 35,677 Nichiha Corp. 4,300 159,723 NichiiGakkan Co., Ltd. 6,100 63,841 Nihon Chouzai Co., Ltd. 1,200 40,029 Nihon House Holdings Co., Ltd. 7,400 35,285 Nihon Kohden Corp. 11,000 262,890 Nihon Parkerizing Co., Ltd. 13,700 196,024 # Nihon Trim Co., Ltd. 1,000 41,608 Nihon Unisys, Ltd. 9,900 165,077 Nikkiso Co., Ltd. 8,400 86,688 Nippon Air Conditioning Services Co., Ltd. 3,200 20,535 Nippon Chemiphar Co., Ltd. 500 23,492 Nippon Commercial Development Co., Ltd. 1,000 15,599 Nippon Gas Co., Ltd. 6,100 191,446 # Nippon Parking Development Co., Ltd. 35,900 53,692 Nippon Suisan Kaisha, Ltd. 42,200 246,281 Nippon Systemware Co., Ltd. 800 13,151 Nippon Valqua Industries, Ltd. 2,300 60,775 Nipro Corp. 19,300 261,801 Nishio Rent All Co., Ltd. 2,400 79,891 Nissei ASB Machine Co., Ltd. 1,200 41,349 Nissei Build Kogyo Co., Ltd. 10,000 57,768 Nissin Electric Co., Ltd. 6,900 83,798 Nitto Boseki Co., Ltd. 22,000 128,174 Noevir Holdings Co., Ltd. 1,900 98,484 NOF Corp. 21,000 285,322 # Nojima Corp. 4,100 66,360 Nomura Co., Ltd. 6,300 133,311 NS Solutions Corp. 5,400 113,688 NS Tool Co., Ltd. 600 10,857 NSD Co., Ltd. 2,700 51,498 Nuflare Technology, Inc. 700 37,456 Obara Group, Inc. 2,000 110,581 Ohashi Technica, Inc. 200 2,567 Ohsho Food Service Corp. 2,000 77,807 Okamoto Industries, Inc. 8,000 87,577 Okamoto Machine Tool Works, Ltd. 9,000 23,271 Oki Electric Industry Co., Ltd. 2,400 32,861 Okinawa Cellular Telephone Co. 1,900 66,796 # Ootoya Holdings Co., Ltd. 800 14,837 * Open Door, Inc. 400 12,289 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Open House Co., Ltd. 5,400 $178,725 OPT Holdings, Inc. 1,300 16,399 Optex Group Co., Ltd. 2,500 83,946 * Optim Corp. 800 22,332 OSAKA Titanium Technologies Co., Ltd. 2,800 43,205 Osaki Electric Co., Ltd. 6,000 45,871 # OSG Corp. 11,600 244,578 OSJB Holdings Corp. 16,500 45,322 # Outsourcing, Inc. 2,700 134,871 Pack Corp. (The) 2,000 64,699 PAL GROUP Holdings Co., Ltd. 1,700 54,261 PAPYLESS Co., Ltd. 400 11,362 Paramount Bed Holdings Co., Ltd. 2,400 109,344 Pasona Group, Inc. 2,300 25,566 # PC Depot Corp. 4,200 24,175 PCI Holdings, Inc. 500 12,157 Penta-Ocean Construction Co., Ltd. 40,500 241,261 # Pepper Food Service Co., Ltd. 1,000 36,986 PIA Corp. 900 31,924 Pilot Corp. 5,800 252,640 Piolax, Inc. 4,200 116,025 #* Pioneer Corp. 40,600 80,170 Plenus Co., Ltd. 2,800 65,584 Poletowin Pitcrew Holdings, Inc. 4,300 57,326 Pressance Corp. 4,900 67,632 Prestige International, Inc. 8,600 94,190 Prima Meat Packers, Ltd. 24,000 153,220 Proto Corp. 1,700 26,574 Qol Co., Ltd. 3,100 50,017 Quick Co., Ltd. 1,000 14,362 Raccoon Co., Ltd. 3,500 22,025 Raito Kogyo Co., Ltd. 5,300 57,252 Rakus Co., Ltd. 1,000 21,968 Rasa Industries, Ltd. 10,000 14,119 Renaissance, Inc. 1,100 19,917 Resorttrust, Inc. 12,700 234,106 Rheon Automatic Machinery Co., Ltd. 3,100 33,535 Ride On Express Co., Ltd. 1,500 13,771 Riken Vitamin Co., Ltd. 1,100 43,004 Ringer Hut Co., Ltd. 3,800 87,793 Riso Kyoiku Co., Ltd. 9,600 71,869 Rock Field Co., Ltd. 3,300 55,810 Rohto Pharmaceutical Co., Ltd. 13,400 270,685 Rokko Butter Co., Ltd. 2,400 54,257 Roland DG Corp. 2,000 50,120 # Rorze Corp. 2,100 45,258 Round One Corp. 12,200 130,296 Royal Holdings Co., Ltd. 4,500 107,871 RS Technologies Co., Ltd. 600 23,258 #* RVH, Inc. 3,200 20,751 # S Foods, Inc. 2,300 85,633 Sac's Bar Holdings, Inc. 2,600 28,580 Sagami Rubber Industries Co., Ltd. 2,000 30,702 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Saizeriya Co., Ltd. 4,800 $139,640 Sakai Moving Service Co., Ltd. 1,600 77,220 Sakata INX Corp. 6,800 122,963 # Sakura Internet, Inc. 3,800 29,192 San-A Co., Ltd. 2,800 124,881 Sanei Architecture Planning Co., Ltd. 700 12,483 #* Sanix, Inc. 9,100 21,715 Sanken Electric Co., Ltd. 18,000 91,251 Sankyu, Inc. 33,000 248,551 Sanrio Co., Ltd. 1,300 26,110 Sanwa Holdings Corp. 11,600 125,612 Sanyo Trading Co., Ltd. 1,700 38,733 Sapporo Holdings, Ltd. 9,100 247,852 Sato Holdings Corp. 3,400 81,543 Sawai Pharmaceutical Co., Ltd. 4,600 259,264 SBS Holdings, Inc. 1,700 12,974 # Scala, Inc. 1,800 13,848 # Seed Co., Ltd. 1,000 21,300 Seiren Co., Ltd. 8,200 138,590 Senko Group Holdings Co., Ltd. 12,800 87,137 # Septeni Holdings Co., Ltd. 16,000 48,914 # SFP Holdings Co., Ltd. 1,900 29,992 Shibaura Electronics Co., Ltd. 800 26,962 Shibuya Corp. 2,700 82,208 Shinnihon Corp. 6,000 48,872 # Shinoken Group Co., Ltd. 2,300 54,732 Shinwa Co., Ltd. 1,400 27,874 Ship Healthcare Holdings, Inc. 6,500 199,487 Shoei Co., Ltd. 1,700 48,695 Shoei Foods Corp. 2,400 102,708 Showa Sangyo Co., Ltd. 15,000 81,511 SIGMAXYZ, Inc. 2,800 20,585 # Siix Corp. 2,800 119,330 Sinfonia Technology Co., Ltd. 22,000 92,326 Sinko Industries, Ltd. 2,400 36,666 SMS Co., Ltd. 5,100 161,388 # Snow Peak, Inc. 400 11,760 Softbank Technology Corp. 3,200 51,326 # Softbrain Co., Ltd. 5,500 21,561 Softcreate Holdings Corp. 1,100 14,486 Software Service, Inc. 300 13,610 Sogo Medical Co., Ltd. 1,200 54,892 Soliton Systems K.K. 1,900 18,181 * Sosei Group Corp. 2,700 280,133 Sparx Group Co., Ltd. 16,500 32,887 SRA Holdings 1,600 43,864 Srg Takamiya Co., Ltd. 3,600 18,821 ST Corp. 1,200 30,114 St Marc Holdings Co., Ltd. 2,400 75,009 Starts Corp., Inc. 4,900 128,035 Starzen Co., Ltd. 1,200 53,761 # Stella Chemifa Corp. 2,300 64,652 Studio Alice Co., Ltd. 1,300 30,528 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) # Sumida Corp. 3,800 $ 72,688 Sumitomo Mitsui Construction Co., Ltd. 118,900 129,276 Sumitomo Osaka Cement Co., Ltd. 47,000 219,998 Sumitomo Seika Chemicals Co., Ltd. 1,100 55,305 Sun Frontier Fudousan Co., Ltd. 3,000 32,016 Systena Corp. 3,300 75,650 Syuppin Co., Ltd. 1,400 28,751 T-Gaia Corp. 4,800 96,062 Tadano, Ltd. 2,500 30,964 Taisei Lamick Co., Ltd. 600 15,837 Taiyo Holdings Co., Ltd. 2,700 128,295 Taiyo Yuden Co., Ltd. 17,000 285,464 # Takara Leben Co., Ltd. 12,100 55,508 Takeuchi Manufacturing Co., Ltd. 6,000 116,299 Takuma Co., Ltd. 11,100 113,683 Tama Home Co., Ltd. 1,700 11,249 Tanseisha Co., Ltd. 3,000 30,251 Tayca Corp. 5,000 44,223 Tazmo Co., Ltd. 1,100 21,760 TDC Software Engineering, Inc. 1,300 14,691 TechMatrix Corp. 2,600 43,418 TechnoPro Holdings, Inc. 5,400 231,677 Tecnos Japan, Inc. 3,400 33,829 Tenpos Busters Co., Ltd. 800 14,077 TIS, Inc. 10,700 323,459 Tobishima Corp. 29,600 45,304 Tocalo Co., Ltd. 2,300 87,880 Toei Animation Co., Ltd. 800 60,853 Togami Electric Manufacturing Co., Ltd. 5,000 21,937 Toho Co., Ltd. 900 23,642 # Toho Titanium Co., Ltd. 6,800 52,662 Toho Zinc Co., Ltd. 21,000 90,424 Tokai Corp. 1,400 61,863 TOKAI Holdings Corp. 13,100 100,738 Token Corp. 1,340 170,362 * Tokuyama Corp. 50,000 227,153 #* Tokyo Base Co., Ltd. 700 33,045 Tokyo Dome Corp. 11,600 111,647 # Tokyo Individualized Educational Institute, Inc. 3,400 39,135 Tokyo Rope Manufacturing Co., Ltd. 2,700 41,346 Tokyo Seimitsu Co., Ltd. 6,100 211,586 Tokyu Construction Co., Ltd. 11,700 93,564 Tomy Co., Ltd. 13,900 170,031 Topcon Corp. 17,400 297,705 Topre Corp. 4,400 115,988 Torex Semiconductor, Ltd. 700 11,648 Toridoll Holdings Corp. 4,100 114,924 # Torikizoku Co., Ltd. 1,400 32,751 Toshiba TEC Corp. 21,000 116,237 Tosho Co., Ltd. 1,300 60,044 Totetsu Kogyo Co., Ltd. 3,500 109,277 Tow Co., Ltd. 2,400 19,158 # Towa Corp. 4,000 62,318 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- JAPAN -- (Continued) Towa Pharmaceutical Co., Ltd. 1,100 $ 53,132 Toyo Construction Co., Ltd. 7,600 32,534 Toyo Tire & Rubber Co., Ltd. 5,000 102,633 Toyobo Co., Ltd. 91,000 173,274 TPR Co., Ltd. 3,200 101,053 Trancom Co., Ltd. 1,400 69,192 # Transaction Co., Ltd. 1,800 18,675 Tri Chemical Laboratories, Inc. 900 24,709 Trust Tech, Inc. 900 18,912 TS Tech Co., Ltd. 5,300 157,079 # Tsubaki Nakashima Co., Ltd. 3,600 72,257 Tsubakimoto Chain Co. 15,000 127,267 Tsukada Global Holdings, Inc. 900 4,898 Tsukui Corp. 10,300 62,547 UMC Electronics Co Ltd 800 13,820 United Arrows, Ltd. 4,400 133,356 # UNITED, Inc. 1,600 39,942 * Unitika, Ltd. 114,000 80,618 Urbanet Corp. Co., Ltd. 4,400 17,594 * UT Group Co., Ltd. 4,200 75,402 # V Technology Co., Ltd. 800 136,962 * V-Cube, Inc. 2,400 13,509 Valor Holdings Co., Ltd. 4,900 110,739 ValueCommerce Co., Ltd. 3,700 22,973 Vector, Inc. 4,000 58,219 VIA Holdings, Inc. 3,800 33,325 #* Vision, Inc. 1,400 33,601 Voyage Group, Inc. 1,700 32,011 VT Holdings Co., Ltd. 16,600 84,856 Warabeya Nichiyo Holdings Co., Ltd. 1,700 45,901 Watahan & Co., Ltd. 600 12,653 WATAMI Co., Ltd. 3,300 40,341 Watts Co., Ltd. 1,000 13,093 WDB Holdings Co., Ltd. 900 18,817 Weathernews, Inc. 1,500 46,644 # Wellnet Corp. 3,400 42,164 West Holdings Corp. 1,300 10,035 Will Group, Inc. 2,700 22,685 WIN-Partners Co., Ltd. 2,200 27,882 WirelessGate, Inc. 1,300 17,033 Workman Co., Ltd. 600 18,232 # World Holdings Co., Ltd. 1,300 31,630 Wowow, Inc. 800 23,243 # YA-MAN, Ltd. 400 30,864 Yahagi Construction Co., Ltd. 2,700 22,374 # Yakuodo Co., Ltd. 2,100 57,358 YAMABIKO Corp. 3,900 47,155 # YAMADA Consulting Group Co., Ltd. 400 25,220 Yamaichi Electronics Co., Ltd. 4,400 85,656 # Yamashin-Filter Corp. 900 20,100 Yamazen Corp. 8,000 82,130 Yaoko Co., Ltd. 2,900 125,130 # Yasunaga Corp. 900 13,365 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ----------- JAPAN -- (Continued) # Yokowo Co., Ltd. 3,100 $ 40,982 Yomiuri Land Co., Ltd. 7,000 33,373 Yondoshi Holdings, Inc. 2,500 62,791 Yuasa Trading Co., Ltd. 1,799 57,641 # Yume No Machi Souzou Iinkai Co., Ltd. 3,600 41,001 # Yumeshin Holdings Co., Ltd. 6,200 42,259 Zenrin Co., Ltd. 3,700 113,871 * ZIGExN Co., Ltd. 2,300 33,541 Zojirushi Corp. 6,200 64,726 ----------- TOTAL JAPAN 41,795,465 ----------- NETHERLANDS -- (2.2%) Aalberts Industries NV 20,954 914,885 AMG Advanced Metallurgical Group NV 6,581 227,177 Amsterdam Commodities NV 3,087 91,699 BE Semiconductor Industries NV 8,408 546,928 Beter Bed Holding NV 3,126 58,034 Corbion NV 14,030 453,118 # Flow Traders 3,294 99,745 Kendrion NV 2,944 125,593 Koninklijke Vopak NV 8,125 386,851 Nederland Apparatenfabriek 1,004 46,117 #* OCI NV 15,498 332,022 Refresco Group NV 9,070 177,217 TKH Group NV 8,056 492,721 ----------- TOTAL NETHERLANDS 3,952,107 ----------- NEW ZEALAND -- (0.7%) #* a2 Milk Co., Ltd. 107,510 356,523 Freightways, Ltd. 21,627 129,105 Gentrack Group, Ltd. 3,668 13,776 # Mainfreight, Ltd. 12,805 233,680 NZX, Ltd. 30,863 27,322 Restaurant Brands New Zealand, Ltd. 13,723 66,110 Scales Corp., Ltd. 9,014 23,088 SKYCITY Entertainment Group, Ltd. 26,742 81,156 Tourism Holdings, Ltd. 18,880 60,725 Trade Me Group, Ltd. 25,558 105,084 Z Energy, Ltd. 46,796 272,065 ----------- TOTAL NEW ZEALAND 1,368,634 ----------- NORWAY -- (0.8%) ABG Sundal Collier Holding ASA 42,126 29,219 AF Gruppen ASA 3,576 68,045 Atea ASA 9,394 115,184 Austevoll Seafood ASA 5,719 50,801 Bakkafrost P/F 5,584 219,257 Borregaard ASA 14,110 176,478 Ekornes ASA 3,395 49,246 Europris ASA 3,589 16,782 Grieg Seafood ASA 6,614 54,297 #* Hexagon Composites ASA 8,066 28,599 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- NORWAY -- (Continued) * Nordic Semiconductor ASA 280 $ 1,383 Norway Royal Salmon ASA 903 15,496 #* Norwegian Air Shuttle ASA 3,871 95,044 * Norwegian Finans Holding ASA 7,399 79,487 # Protector Forsikring ASA 6,942 67,941 Scatec Solar ASA 8,766 51,429 Tomra Systems ASA 14,249 202,526 Veidekke ASA 12,534 165,686 # XXL ASA 1,660 16,169 ---------- TOTAL NORWAY 1,503,069 ---------- PORTUGAL -- (0.2%) Altri SGPS SA 14,257 64,749 CTT-Correios de Portugal SA 17,409 113,524 Mota-Engil SGPS SA 7,146 20,102 NOS SGPS SA 36,138 229,980 ---------- TOTAL PORTUGAL 428,355 ---------- SINGAPORE -- (1.0%) AEM Holdings, Ltd. 11,300 22,509 Best World International, Ltd. 63,500 72,088 Boustead Singapore, Ltd. 31,700 22,197 Breadtalk Group, Ltd. 10,600 13,690 CITIC Envirotech, Ltd. 64,500 35,757 CWT, Ltd. 39,500 60,305 Del Monte Pacific, Ltd. 78,600 17,962 Delfi, Ltd. 46,100 68,182 First Resources, Ltd. 63,100 87,014 Health Management International, Ltd. 52,961 25,975 Japfa, Ltd. 27,800 11,888 # M1, Ltd. 51,000 67,925 Nera Telecommunications, Ltd. 35,300 9,898 Oxley Holdings, Ltd. 21,900 9,365 # Q&M Dental Group Singapore, Ltd. 40,500 19,120 QAF, Ltd. 27,800 26,767 Raffles Medical Group, Ltd. 106,964 101,482 Riverstone Holdings, Ltd. 29,200 22,731 SATS, Ltd. 81,900 291,800 SembCorp Marine, Ltd. 36,800 45,732 Sheng Siong Group, Ltd. 67,600 47,136 Sinarmas Land, Ltd. 148,500 46,524 # Singapore Post, Ltd. 211,500 205,120 StarHub, Ltd. 74,600 150,253 UMS Holdings, Ltd. 39,800 31,112 Valuetronics Holdings, Ltd. 23,430 13,999 Venture Corp., Ltd. 31,100 302,127 ---------- TOTAL SINGAPORE 1,828,658 ---------- SPAIN -- (2.2%) * Amper SA 111,447 31,432 Atresmedia Corp. de Medios de Comunicacion SA 1,569 18,415 Bolsas y Mercados Espanoles SHMSF SA 15,337 562,531 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SPAIN -- (Continued) Cellnex Telecom SA 29,339 $ 659,904 Cia de Distribucion Integral Logista Holdings SA 5,325 137,496 Cie Automotive SA 8,694 215,192 # Distribuidora Internacional de Alimentacion SA 131,375 884,878 * Fomento de Construcciones y Contratas SA 721 7,932 * Grupo Empresarial San Jose SA 5,264 23,418 * Grupo Ezentis SA 34,700 29,438 * Indra Sistemas SA 25,407 393,106 Mediaset Espana Comunicacion SA 30,269 381,505 Prosegur Cia de Seguridad SA 30,484 208,354 Tecnicas Reunidas SA 5,071 179,823 Zardoya Otis SA 31,854 334,163 ---------- TOTAL SPAIN 4,067,587 ---------- SWEDEN -- (2.5%) AddLife AB 335 6,912 AddTech AB Class B 8,569 167,160 # Avanza Bank Holding AB 3,347 138,095 Bilia AB Class A 10,590 102,312 BioGaia AB Class B 2,436 90,826 Clas Ohlson AB Class B 2,987 61,406 Com Hem Holding AB 19,615 286,466 Concentric AB 6,772 106,256 eWork Group AB 992 11,412 # Fagerhult AB 5,427 71,431 Fenix Outdoor International AG 744 78,611 HIQ International AB 5,427 36,286 Indutrade AB 13,388 330,260 # Intrum Justitia AB 10,838 352,661 ITAB Shop Concept AB Class B 219 1,891 JM AB 10,573 371,103 Kindred Group P.L.C. 34,393 382,772 Lagercrantz Group AB Class B 9,636 109,105 Loomis AB Class B 5,560 206,565 # Modern Times Group MTG AB Class B 3,279 113,958 # Mycronic AB 11,837 123,393 NCC AB Class B 12,996 338,151 NetEnt AB 26,816 258,745 Nobia AB 17,348 178,111 Nolato AB Class B 1,051 46,154 OEM International AB Class B 1,286 28,198 Oriflame Holding AG 6,118 234,873 Proact IT Group AB 1,363 34,858 Probi AB 125 5,727 * RaySearch Laboratories AB 4,094 100,208 * SAS AB 17,799 42,545 Scandi Standard AB 5,545 39,653 Sectra AB Class B 3,189 60,235 SkiStar AB 919 20,434 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- SWEDEN -- (Continued) Troax Group AB 1,539 $ 43,279 ---------- TOTAL SWEDEN 4,580,052 ---------- SWITZERLAND -- (4.0%) APG SGA SA 229 103,291 Ascom Holding AG 2,663 52,741 Autoneum Holding AG 405 97,321 Belimo Holding AG 70 290,244 Bobst Group SA 1,366 152,084 Bossard Holding AG Class A 1,042 225,333 Bucher Industries AG 708 236,081 # Burckhardt Compression Holding AG 409 121,480 Burkhalter Holding AG 526 74,523 Cembra Money Bank AG 3,948 354,156 Coltene Holding AG 469 48,515 Daetwyler Holding AG 1,020 166,710 DKSH Holding AG 3,729 293,447 dormakaba Holding AG 513 457,258 Emmi AG 268 188,818 Feintool International Holding AG 104 12,701 Forbo Holding AG 193 293,040 Georg Fischer AG 572 650,559 Gurit Holding AG 63 75,700 # HOCHDORF Holding AG 95 28,486 Implenia AG 793 58,646 Inficon Holding AG 308 168,913 Interroll Holding AG 102 133,739 Kardex AG 1,031 113,635 Komax Holding AG 373 108,954 Kudelski SA 648 10,317 LEM Holding SA 97 117,361 Logitech International SA 23,464 851,626 Mobilezone Holding AG 1,731 25,060 Panalpina Welttransport Holding AG 878 111,161 Sunrise Communications Group AG 4,993 393,768 Temenos Group AG 8,866 857,043 u-blox Holding AG 1,117 221,810 VZ Holding AG 425 136,876 Walter Meier AG 655 30,465 # Ypsomed Holding AG 435 67,921 Zuger Kantonalbank AG 2 11,055 ---------- TOTAL SWITZERLAND 7,340,838 ---------- UNITED KINGDOM -- (15.3%) 4imprint Group P.L.C. 3,995 83,273 888 Holdings P.L.C. 36,213 123,042 A.G. Barr P.L.C. 16,744 132,341 Arrow Global Group P.L.C. 21,185 122,181 Ashmore Group P.L.C. 59,811 283,942 AVEVA Group P.L.C. 10,575 276,851 Avon Rubber P.L.C. 3,805 50,249 B&M European Value Retail SA 116,868 555,423 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) Berendsen P.L.C. 23,844 $401,091 Bodycote P.L.C. 21,070 252,942 Booker Group P.L.C. 244,737 621,499 Brewin Dolphin Holdings P.L.C. 44,941 213,000 Britvic P.L.C. 44,142 415,678 Capita P.L.C. 62,221 540,633 * Carclo P.L.C. 11,419 25,334 Card Factory P.L.C. 34,398 138,969 * Carpetright P.L.C. 8,071 20,785 Charles Taylor P.L.C. 3,056 9,656 Cineworld Group P.L.C. 27,790 252,669 City of London Investment Group P.L.C. 3,921 21,505 Cobham P.L.C. 144,142 252,490 Computacenter P.L.C. 7,825 91,317 Connect Group P.L.C. 39,116 57,290 Costain Group P.L.C. 15,171 93,794 Cranswick P.L.C. 7,329 280,602 Daily Mail & General Trust P.L.C. 31,780 267,282 # Dairy Crest Group P.L.C. 23,307 182,424 Devro P.L.C. 22,596 64,369 Dignity P.L.C. 6,156 206,982 Diploma P.L.C. 15,720 223,701 Domino's Pizza Group P.L.C. 70,817 248,875 DS Smith P.L.C. 99,755 635,453 Dunelm Group P.L.C. 13,066 103,825 Electrocomponents P.L.C. 75,809 620,460 esure Group P.L.C. 53,674 209,665 * Evraz P.L.C. 59,708 187,649 FDM Group Holdings P.L.C. 16,106 195,228 Ferrexpo P.L.C. 45,352 142,459 Fidessa Group P.L.C. 5,999 179,018 Forterra P.L.C. 13,896 53,186 Foxtons Group P.L.C. 10,460 12,392 Games Workshop Group P.L.C. 4,454 94,220 Go-Ahead Group P.L.C. 6,811 161,403 * Gocompare.Com Group P.L.C. 38,988 58,177 Greggs P.L.C. 17,183 249,371 Halma P.L.C. 52,695 763,791 Hays P.L.C. 227,041 499,291 Hill & Smith Holdings P.L.C. 13,954 246,630 Hilton Food Group P.L.C. 10,810 96,435 Hochschild Mining P.L.C. 5,904 24,668 HomeServe P.L.C. 44,384 424,252 Howden Joinery Group P.L.C. 99,156 556,152 Ibstock P.L.C. 33,981 114,385 IG Group Holdings P.L.C. 57,120 479,786 IMI P.L.C. 46,021 730,831 Inmarsat P.L.C. 67,311 688,873 ITE Group P.L.C. 49,057 117,050 IWG P.L.C. 107,506 465,794 J D Wetherspoon P.L.C. 14,997 202,361 James Fisher & Sons P.L.C. 8,444 174,793 Jardine Lloyd Thompson Group P.L.C. 18,346 287,231 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ ------- -------- UNITED KINGDOM -- (Continued) JD Sports Fashion P.L.C. 68,015 $321,499 John Menzies P.L.C. 15,128 139,949 Jupiter Fund Management P.L.C. 66,317 466,595 * KAZ Minerals P.L.C. 41,405 392,174 KCOM Group P.L.C. 104,431 126,438 LSL Property Services P.L.C. 5,691 19,075 Marshalls P.L.C. 32,570 164,862 McBride P.L.C. 32,642 81,408 Mitie Group P.L.C. 41,880 147,199 Moneysupermarket.com Group P.L.C. 83,561 365,857 Morgan Advanced Materials P.L.C. 53,340 210,614 * Mothercare P.L.C. 22,662 30,413 NCC Group P.L.C. 3,465 8,857 Norcros P.L.C. 4,164 9,850 #* Ocado Group P.L.C. 82,986 329,674 On the Beach Group P.L.C. 6,230 38,269 OneSavings Bank P.L.C. 4,812 25,036 Oxford Instruments P.L.C. 8,926 123,118 Pagegroup P.L.C. 61,044 394,589 PayPoint P.L.C. 8,936 105,602 Petrofac, Ltd. 34,137 201,708 Photo-Me International P.L.C. 37,114 80,213 Playtech P.L.C. 39,611 501,970 Polypipe Group P.L.C. 29,071 154,143 Provident Financial P.L.C. 12,909 351,420 QinetiQ Group P.L.C. 85,986 273,494 Rank Group P.L.C. 16,061 49,601 Rathbone Brothers P.L.C. 2,955 104,160 Renishaw P.L.C. 6,217 341,724 Rentokil Initial P.L.C. 140,789 539,576 Restaurant Group P.L.C. (The) 7,431 32,782 Ricardo P.L.C. 8,628 87,886 Rightmove P.L.C. 13,622 755,662 Robert Walters P.L.C. 7,863 49,162 Rotork P.L.C. 142,199 434,369 Sanne Group P.L.C. 1,118 10,192 Savills P.L.C. 20,740 250,108 Softcat P.L.C. 13,580 71,463 Spirax-Sarco Engineering P.L.C. 11,041 810,319 SSP Group P.L.C. 76,917 517,037 Stagecoach Group P.L.C. 55,674 132,425 Sthree P.L.C. 18,516 77,697 SuperGroup P.L.C. 6,417 126,891 Synthomer P.L.C. 46,180 298,452 # TalkTalk Telecom Group P.L.C. 74,998 177,880 Tarsus Group P.L.C. 8,252 32,648 Tate & Lyle P.L.C. 63,855 566,213 Ted Baker P.L.C. 4,689 155,607 Telecom Plus P.L.C. 9,506 143,650 Thomas Cook Group P.L.C. 282,306 409,006 Topps Tiles P.L.C. 21,718 23,727 Ultra Electronics Holdings P.L.C. 12,463 344,459 Victrex P.L.C. 13,443 349,860 INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED SHARES VALUE++ --------- ------------ UNITED KINGDOM -- (Continued) Vitec Group P.L.C. (The) 4,931 $ 65,581 Vp P.L.C. 816 9,117 WH Smith P.L.C. 19,030 442,092 * Wizz Air Holdings P.L.C. 2,564 88,003 XP Power, Ltd. 2,430 84,479 ZPG P.L.C. 42,319 203,869 ------------ TOTAL UNITED KINGDOM 28,134,741 ------------ TOTAL COMMON STOCKS 164,751,584 ------------ PREFERRED STOCKS -- (0.7%) GERMANY -- (0.7%) Fuchs Petrolub SE 8,841 524,849 Jungheinrich AG 5,155 204,560 Sartorius AG 3,844 363,315 Sixt SE 1,982 112,572 Villeroy & Boch AG 1,484 31,684 ------------ TOTAL GERMANY 1,236,980 ------------ TOTAL PREFERRED STOCKS 1,236,980 ------------ RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Link Administration Holdings, Ltd. Rights 07/17/17 17,632 -- ------------ TOTAL INVESTMENT SECURITIES 165,988,564 ------------ VALUE+ ------------ SECURITIES LENDING COLLATERAL -- (9.6%) (S)@ DFA Short Term Investment Fund 1,527,332 17,674,281 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $154,665,697)^^ $183,662,845 ============ INTERNATIONAL SMALL CAP GROWTH PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------------ ------- ------------ Common Stocks Australia -- $ 11,104,176 -- $ 11,104,176 Austria -- 1,989,089 -- 1,989,089 Belgium $ 105,323 2,473,066 -- 2,578,389 Canada 14,605,703 -- -- 14,605,703 China -- 75,338 -- 75,338 Denmark -- 3,030,288 -- 3,030,288 Finland -- 4,035,495 -- 4,035,495 France -- 9,297,690 -- 9,297,690 Germany 16,531 9,156,694 -- 9,173,225 Hong Kong -- 4,168,750 -- 4,168,750 Ireland -- 979,213 -- 979,213 Israel -- 1,333,174 -- 1,333,174 Italy -- 7,381,548 -- 7,381,548 Japan -- 41,795,465 -- 41,795,465 Netherlands -- 3,952,107 -- 3,952,107 New Zealand -- 1,368,634 -- 1,368,634 Norway -- 1,503,069 -- 1,503,069 Portugal -- 428,355 -- 428,355 Singapore -- 1,828,658 -- 1,828,658 Spain -- 4,067,587 -- 4,067,587 Sweden -- 4,580,052 -- 4,580,052 Switzerland -- 7,340,838 -- 7,340,838 United Kingdom -- 28,134,741 -- 28,134,741 Preferred Stocks Germany -- 1,236,980 -- 1,236,980 Securities Lending Collateral -- 17,674,281 -- 17,674,281 ----------- ------------ -- ------------ TOTAL $14,727,557 $168,935,288 -- $183,662,845 =========== ============ == ============ DFA SOCIAL FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT^ (000) VALUE+ ------- ----------- AGENCY OBLIGATIONS -- (19.6%) Federal Farm Credit Bank 5.150%, 11/15/19 970 $ 1,049,327 Federal Home Loan Bank 1.875%, 03/13/20 440 444,225 4.125%, 03/13/20 500 533,162 1.875%, 11/29/21 1,700 1,707,245 2.625%, 12/10/21 1,500 1,549,743 3.250%, 03/08/24 250 266,991 2.875%, 06/14/24 700 726,246 5.375%, 08/15/24 800 960,660 2.875%, 09/13/24 1,000 1,036,065 2.750%, 12/13/24 1,000 1,029,087 5.750%, 06/12/26 200 249,559 Federal Home Loan Mortgage Corp. 6.750%, 03/15/31 250 362,537 Federal National Mortgage Association 1.875%, 09/18/18 220 221,443 2.000%, 01/05/22 2,000 2,012,050 2.625%, 09/06/24 800 822,274 2.125%, 04/24/26 500 488,849 1.875%, 09/24/26 1,050 1,000,484 6.250%, 05/15/29 180 244,230 7.250%, 05/15/30 450 670,302 6.625%, 11/15/30 1,200 1,715,696 Tennessee Valley Authority 2.875%, 09/15/24 750 780,211 2.875%, 02/01/27 2,000 2,056,288 7.125%, 05/01/30 500 728,264 ----------- TOTAL AGENCY OBLIGATIONS 20,654,938 ----------- BONDS -- (54.2%) 21st Century Fox America, Inc. 3.000%, 09/15/22 180 182,959 3.700%, 09/15/24 200 208,766 3M Co. 1.625%, 06/15/19 375 375,655 6.375%, 02/15/28 83 107,101 ABB Finance USA, Inc. 2.875%, 05/08/22 100 102,571 Abbott Laboratories 3.250%, 04/15/23 50 51,215 Adobe Systems, Inc. 3.250%, 02/01/25 160 165,320 Advance Auto Parts, Inc. 4.500%, 12/01/23 200 213,551 Aetna, Inc. 3.500%, 11/15/24 50 51,940 Aflac, Inc. 3.625%, 11/15/24 250 263,896 3.250%, 03/17/25 50 50,882 FACE AMOUNT^ (000) VALUE+ ------- ----------- Ahold Finance USA LLC 6.875%, 05/01/29 40 $ 50,392 Airbus SE ## 3.150%, 04/10/27 200 202,956 Allstate Corp. (The) 3.150%, 06/15/23 500 514,768 Alphabet, Inc. 3.375%, 02/25/24 200 210,536 1.998%, 08/15/26 200 188,812 American Express Credit Corp. 3.300%, 05/03/27 200 201,463 American Honda Finance Corp. 2.300%, 09/09/26 250 236,326 American International Group, Inc. 4.125%, 02/15/24 50 53,164 3.750%, 07/10/25 150 155,129 Ameriprise Financial, Inc. 4.000%, 10/15/23 30 32,364 3.700%, 10/15/24 400 418,967 Amgen, Inc. 3.125%, 05/01/25 200 202,206 Analog Devices, Inc. 3.900%, 12/15/25 33 34,753 Anthem, Inc. 3.500%, 08/15/24 150 155,283 ANZ New Zealand International Ltd. ## 3.450%, 07/17/27 500 503,893 Aon P.L.C. 3.500%, 06/14/24 275 282,540 Apple, Inc. 3.250%, 02/23/26 250 255,289 3.350%, 02/09/27 800 821,946 3.000%, 06/20/27 500 499,600 Applied Materials, Inc. 3.300%, 04/01/27 300 306,553 ASB Finance, Ltd. 0.500%, 06/10/22 EUR 225 266,636 Asian Development Bank 2.000%, 01/22/25 150 147,182 AT&T, Inc. 3.875%, 08/15/21 150 157,393 3.000%, 02/15/22 50 50,605 3.950%, 01/15/25 350 359,156 Australia & New Zealand Banking Group, Ltd. 3.700%, 11/16/25 250 263,906 Autodesk, Inc. 4.375%, 06/15/25 150 159,822 Automatic Data Processing, Inc. 3.375%, 09/15/25 100 104,586 AutoZone, Inc. 2.500%, 04/15/21 70 70,027 3.125%, 04/21/26 200 194,294 DFA SOCIAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- Avnet, Inc. 4.625%, 04/15/26 250 $ 259,323 Bank of America Corp. 3.300%, 01/11/23 150 153,924 4.000%, 04/01/24 250 264,113 Bank of Montreal 2.375%, 01/25/19 100 100,891 Bank of New York Mellon Corp. (The) 3.650%, 02/04/24 300 316,028 Barclays P.L.C. 4.375%, 01/12/26 200 209,398 Bed Bath & Beyond, Inc. 3.749%, 08/01/24 275 274,547 Bemis Co., Inc. 4.500%, 10/15/21 100 106,905 Berkshire Hathaway, Inc. 3.125%, 03/15/26 407 414,862 BHP Billiton Finance USA, Ltd. 3.850%, 09/30/23 400 429,350 BlackRock, Inc. 3.375%, 06/01/22 100 104,870 BMW U.S. Capital LLC ## 2.800%, 04/11/26 75 73,436 Boston Scientific Corp. 6.000%, 01/15/20 55 60,025 2.850%, 05/15/20 300 304,480 BP Capital Markets P.L.C. 3.535%, 11/04/24 50 51,726 BPCE SA 4.000%, 04/15/24 500 530,406 British Columbia, Province of Canada 6.500%, 01/15/26 200 252,970 Brown & Brown, Inc. 4.200%, 09/15/24 40 42,249 Buckeye Partners L.P. 3.950%, 12/01/26 225 224,654 Burlington Northern Santa Fe LLC 3.000%, 04/01/25 75 76,292 CA, Inc. 4.500%, 08/15/23 100 104,341 Canadian Pacific Railway Co. 2.900%, 02/01/25 50 49,529 Capital One Financial Corp. 3.750%, 04/24/24 50 51,514 Cardinal Health, Inc. 4.625%, 12/15/20 75 81,105 3.410%, 06/15/27 200 201,942 CBS Corp. 3.500%, 01/15/25 250 254,182 Charles Schwab Corp. (The) 3.200%, 03/02/27 200 201,940 FACE AMOUNT^ (000) VALUE+ ------- ---------- Chevron Corp. 2.419%, 11/17/20 50 $ 50,705 2.355%, 12/05/22 500 500,338 Chubb INA Holdings, Inc. 3.350%, 05/15/24 50 51,877 Cigna Corp. 3.250%, 04/15/25 250 253,108 Cisco Systems, Inc. 2.200%, 02/28/21 50 50,409 Citigroup, Inc. 3.875%, 10/25/23 180 189,035 CME Group, Inc. 3.000%, 03/15/25 85 85,970 CMS Energy Corp. 3.875%, 03/01/24 175 183,078 CNA Financial Corp. 3.950%, 05/15/24 300 312,642 4.500%, 03/01/26 30 32,383 Coach, Inc. 4.250%, 04/01/25 300 310,261 Coca-Cola Co. (The) 3.150%, 11/15/20 48 49,955 3.200%, 11/01/23 1,000 1,043,293 Colgate-Palmolive Co. 3.250%, 03/15/24 100 104,277 Comcast Corp. 3.150%, 03/01/26 200 202,360 Commonwealth Bank of Australia 2.400%, 11/02/20 250 252,157 ## 2.850%, 05/18/26 250 244,211 ConocoPhillips Co. 3.350%, 11/15/24 300 308,837 Cooperatieve Rabobank UA 3.875%, 02/08/22 50 53,275 Credit Suisse New York 3.625%, 09/09/24 500 519,645 CSX Corp. 3.700%, 10/30/20 70 73,219 CVS Health Corp. 2.750%, 12/01/22 200 201,832 3.875%, 07/20/25 67 70,283 Deere & Co. 5.375%, 10/16/29 80 97,829 Deutsche Bank AG 3.700%, 05/30/24 30 30,475 4.100%, 01/13/26 200 205,471 Discovery Communications LLC 3.250%, 04/01/23 75 75,060 Dollar General Corp. 3.250%, 04/15/23 100 102,318 Dominion Energy Gas Holdings LLC 2.800%, 11/15/20 250 254,060 DFA SOCIAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- -------- Dominion Energy, Inc. 3.625%, 12/01/24 100 $103,228 Dow Chemical Co. (The) 4.250%, 11/15/20 150 159,399 3.000%, 11/15/22 30 30,746 3.500%, 10/01/24 200 207,061 Dr Pepper Snapple Group, Inc. 3.400%, 11/15/25 250 255,309 Duke Energy Corp. 3.750%, 04/15/24 275 289,985 Eaton Corp. 2.750%, 11/02/22 207 209,581 eBay, Inc. 2.600%, 07/15/22 175 174,405 Electricite de France SA ## 2.350%, 10/13/20 30 30,281 Electronic Arts, Inc. 4.800%, 03/01/26 50 55,119 Emerson Electric Co. 2.625%, 12/01/21 450 459,889 Enterprise Products Operating LLC 3.900%, 02/15/24 200 209,165 EOG Resources, Inc. 5.875%, 09/15/17 100 100,492 4.150%, 01/15/26 100 106,297 ERAC USA Finance LLC ## 3.850%, 11/15/24 200 206,989 European Investment Bank 3.250%, 01/29/24 100 106,095 Eversource Energy 2.500%, 03/15/21 100 99,961 Exelon Corp. 2.850%, 06/15/20 150 152,967 3.400%, 04/15/26 200 202,549 Express Scripts Holding Co. 3.900%, 02/15/22 75 78,772 3.500%, 06/15/24 250 255,848 Exxon Mobil Corp. 2.222%, 03/01/21 550 555,243 FedEx Corp. 2.625%, 08/01/22 100 101,304 Fidelity National Information Services, Inc. 5.000%, 10/15/25 63 71,147 Ford Motor Credit Co. LLC 3.200%, 01/15/21 200 203,843 4.375%, 08/06/23 200 211,514 GATX Corp. 3.250%, 09/15/26 100 98,102 General Mills, Inc. 3.150%, 12/15/21 200 206,505 General Motors Financial Co., Inc. 5.250%, 03/01/26 250 271,216 FACE AMOUNT^ (000) VALUE+ ------- -------- Georgia-Pacific LLC 7.750%, 11/15/29 40 $ 56,256 Gilead Sciences, Inc. 4.500%, 04/01/21 30 32,442 3.650%, 03/01/26 100 104,260 Goldcorp, Inc. 3.625%, 06/09/21 190 197,211 Goldman Sachs Group, Inc. (The) 3.750%, 02/25/26 500 511,412 Halliburton Co. 3.500%, 08/01/23 200 207,478 Harley-Davidson Financial Services, Inc. ## 2.150%, 02/26/20 100 99,864 Hasbro, Inc. 3.150%, 05/15/21 97 99,233 Home Depot, Inc. (The) 2.000%, 04/01/21 100 100,115 2.700%, 04/01/23 75 76,381 Honeywell International, Inc. 2.500%, 11/01/26 200 192,538 HSBC Holdings P.L.C. 4.000%, 03/30/22 350 371,737 Humana, Inc. 3.150%, 12/01/22 400 408,755 Huntington Bancshares, Inc. 3.150%, 03/14/21 75 76,854 2.300%, 01/14/22 300 296,764 Hyatt Hotels Corp. 3.375%, 07/15/23 100 102,301 Illinois Tool Works, Inc. 3.500%, 03/01/24 100 105,280 ING Bank NV ### 2.050%, 08/15/21 350 346,250 Intel Corp. 2.450%, 07/29/20 30 30,561 Inter-American Development Bank 3.000%, 02/21/24 250 260,952 Intercontinental Exchange, Inc. 3.750%, 12/01/25 250 263,855 International Business Machines Corp. # 3.300%, 01/27/27 750 761,123 International Paper Co. 3.800%, 01/15/26 75 77,630 ITC Holdings Corp. 3.650%, 06/15/24 200 206,931 Janus Capital Group, Inc. 4.875%, 08/01/25 350 377,749 Jefferies Group LLC 4.850%, 01/15/27 100 105,905 JM Smucker Co. (The) 3.500%, 03/15/25 70 72,176 DFA SOCIAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- -------- JPMorgan Chase & Co. 3.250%, 09/23/22 150 $154,881 3.900%, 07/15/25 30 31,499 Kellogg Co. 2.750%, 03/01/23 75 74,465 # 3.250%, 04/01/26 200 200,268 KeyCorp 5.100%, 03/24/21 100 109,756 Kimberly-Clark Corp. 2.400%, 06/01/23 50 49,958 Kohl's Corp. 4.750%, 12/15/23 243 253,833 Kommunalbanken A.S. 1.750%, 05/28/19 100 100,258 Kommuninvest I Sverige AB 0.250%, 06/01/22 SEK 4,000 486,613 Kraft Heinz Foods Co. 3.500%, 06/06/22 200 207,598 Kroger Co. (The) 7.500%, 04/01/31 250 334,083 Legg Mason, Inc. 4.750%, 03/15/26 30 31,874 Lincoln National Corp. 3.350%, 03/09/25 75 75,796 Lloyds Banking Group P.L.C. 3.750%, 01/11/27 250 253,990 Loews Corp. 2.625%, 05/15/23 50 49,877 Lowe's Cos., Inc. 3.875%, 09/15/23 50 54,025 3.375%, 09/15/25 125 129,400 LyondellBasell Industries NV 6.000%, 11/15/21 200 227,016 Macquarie Bank, Ltd. ## 3.900%, 01/15/26 250 260,091 Manitoba, Province of Canada 1.750%, 05/30/19 100 100,147 Marathon Petroleum Corp. 3.625%, 09/15/24 100 101,647 Markel Corp. 5.350%, 06/01/21 30 32,895 Marriott International, Inc. 2.875%, 03/01/21 200 203,325 Maxim Integrated Products, Inc. 3.450%, 06/15/27 150 149,375 McDonald's Corp. 2.750%, 12/09/20 30 30,789 3.700%, 01/30/26 150 156,908 McKesson Corp. 3.796%, 03/15/24 75 78,949 Mead Johnson Nutrition Co. 4.125%, 11/15/25 48 52,041 FACE AMOUNT^ (000) VALUE+ ------- ---------- Medtronic, Inc. 3.125%, 03/15/22 50 $ 51,820 MetLife, Inc. 3.600%, 04/10/24 50 52,543 Microsoft Corp. 2.400%, 08/08/26 800 772,774 Mizuho Financial Group, Inc. ## 2.632%, 04/12/21 200 200,533 Monsanto Co. 3.375%, 07/15/24 200 204,085 Morgan Stanley 5.500%, 07/28/21 100 111,296 3.875%, 04/29/24 350 365,678 Mosaic Co. (The) 4.250%, 11/15/23 50 52,715 Nasdaq, Inc. 4.250%, 06/01/24 75 79,814 National Australia Bank, Ltd. 1.875%, 07/12/21 500 491,364 ## 3.500%, 01/10/27 250 255,429 National Rural Utilities Cooperative Finance Corp. 8.000%, 03/01/32 121 179,138 Nationwide Building Society ## 3.900%, 07/21/25 200 210,090 Noble Energy, Inc. 4.150%, 12/15/21 200 211,528 Nordstrom, Inc. 4.000%, 03/15/27 200 198,478 NRW Bank 1.875%, 07/01/19 100 100,111 Nuveen Finance LLC ## 4.125%, 11/01/24 50 52,665 Occidental Petroleum Corp. 3.000%, 02/15/27 300 297,450 Omnicom Group, Inc. 3.650%, 11/01/24 100 103,322 Oracle Corp. 1.200%, 10/15/17 30 29,989 2.950%, 05/15/25 1,400 1,415,511 Pacific Gas & Electric Co. 2.950%, 03/01/26 250 250,420 Packaging Corp. of America 4.500%, 11/01/23 200 215,682 Penske Truck Leasing Co. L.P. / PTL Finance Corp. ## 3.050%, 01/09/20 51 52,156 PepsiCo, Inc. 2.750%, 03/05/22 100 102,257 Phillips 66 4.300%, 04/01/22 200 214,895 Phillips 66 Partners L.P. 3.550%, 10/01/26 200 197,079 DFA SOCIAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ---------- Pitney Bowes, Inc. 4.625%, 03/15/24 300 $ 308,098 Plains All American Pipeline L.P. / PAA Finance Corp. 4.500%, 12/15/26 150 153,615 PNC Bank NA 3.250%, 06/01/25 250 254,473 Potash Corp. of Saskatchewan, Inc. 3.625%, 03/15/24 300 305,744 Praxair, Inc. 2.200%, 08/15/22 50 49,676 Precision Castparts Corp. 1.250%, 01/15/18 100 99,906 3.250%, 06/15/25 344 352,523 Priceline Group, Inc. (The) 3.600%, 06/01/26 350 357,020 Principal Financial Group, Inc. 3.100%, 11/15/26 100 99,715 Province of Ontario Canada 1.875%, 05/21/20 50 50,037 3.150%, 06/02/22 CAD 340 285,453 Province of Quebec Canada 3.500%, 07/29/20 35 36,663 7.500%, 09/15/29 500 713,652 Prudential Financial, Inc. 4.500%, 11/16/21 100 109,012 PSEG Power LLC 5.125%, 04/15/20 30 32,100 QUALCOMM, Inc. 3.450%, 05/20/25 75 77,491 Quest Diagnostics, Inc. 3.500%, 03/30/25 200 203,997 Reinsurance Group of America, Inc. 3.950%, 09/15/26 100 102,108 Rio Tinto Finance USA P.L.C. 2.875%, 08/21/22 4 4,090 Rockwell Automation, Inc. 2.875%, 03/01/25 300 298,872 Royal Bank of Canada 2.200%, 07/27/18 100 100,607 Santander Holdings USA, Inc. 4.500%, 07/17/25 250 259,893 Santander UK Group Holdings P.L.C. 2.875%, 10/16/20 350 355,391 Santander UK P.L.C. 4.000%, 03/13/24 50 52,973 Scripps Networks Interactive, Inc. 3.500%, 06/15/22 50 51,150 3.900%, 11/15/24 150 154,000 Sempra Energy 3.550%, 06/15/24 250 256,946 FACE AMOUNT^ (000) VALUE+ ------- ---------- Shell International Finance BV 2.125%, 05/11/20 180 $ 181,442 3.400%, 08/12/23 30 31,483 2.875%, 05/10/26 250 249,145 Sherwin-Williams Co. (The) 3.450%, 08/01/25 100 101,938 Siemens Financieringsmaatschappij NV ## 6.125%, 08/17/26 200 247,366 Societe Generale SA ## 2.500%, 04/08/21 350 351,786 Southern California Edison Co. 6.650%, 04/01/29 65 83,156 Southern Co. (The) 1.850%, 07/01/19 300 299,707 Southern Power Co. 4.150%, 12/01/25 50 52,747 Southwest Airlines Co. 3.000%, 11/15/26 250 245,758 Starbucks Corp. 2.100%, 02/04/21 100 100,648 State Street Corp. 4.375%, 03/07/21 75 80,636 Statoil ASA 2.250%, 11/08/19 200 201,999 2.650%, 01/15/24 100 99,241 Stryker Corp. 2.000%, 03/08/19 180 180,723 3.375%, 05/15/24 200 206,641 Sumitomo Mitsui Financial Group, Inc. 2.934%, 03/09/21 30 30,596 2.058%, 07/14/21 350 345,051 Suncor Energy, Inc. 3.600%, 12/01/24 200 205,853 SunTrust Banks, Inc. 2.900%, 03/03/21 75 76,399 SVB Financial Group 5.375%, 09/15/20 100 109,115 Sweden Government Bond 3.500%, 06/01/22 SEK 8,000 1,156,539 Sysco Corp. 2.600%, 10/01/20 30 30,440 Target Corp. 2.900%, 01/15/22 270 279,165 2.500%, 04/15/26 75 72,120 TCI Communications, Inc. 7.875%, 02/15/26 140 188,730 TD Ameritrade Holding Corp. 3.625%, 04/01/25 30 31,196 Telefonica Europe BV 8.250%, 09/15/30 275 389,116 DFA SOCIAL FIXED INCOME PORTFOLIO CONTINUED FACE AMOUNT^ (000) VALUE+ ------- ------------ Thomson Reuters Corp. 4.300%, 11/23/23 100 $ 107,356 Time Warner, Inc. 3.550%, 06/01/24 200 204,505 Total Capital SA 2.125%, 08/10/18 100 100,684 Total System Services, Inc. 4.800%, 04/01/26 30 32,922 TransCanada PipeLines, Ltd. 2.500%, 08/01/22 300 300,775 U.S. Bancorp 3.700%, 01/30/24 75 79,356 U.S. Bank NA 2.800%, 01/27/25 250 248,660 UBS Group Funding Switzerland AG ## 4.125%, 09/24/25 200 211,646 Union Pacific Corp. 3.750%, 03/15/24 200 212,347 United Parcel Service, Inc. 2.450%, 10/01/22 100 101,462 United Technologies Corp. 7.500%, 09/15/29 40 56,866 Unum Group 3.000%, 05/15/21 350 353,799 Valero Energy Corp. 3.400%, 09/15/26 250 247,946 Verizon Communications, Inc. 4.600%, 04/01/21 30 32,259 5.150%, 09/15/23 150 166,998 Viacom, Inc. 3.875%, 04/01/24 50 50,957 Visa, Inc. 3.150%, 12/14/25 75 76,793 Vodafone Group P.L.C. 7.875%, 02/15/30 200 272,491 Wal-Mart Stores, Inc. 2.550%, 04/11/23 100 101,470 Walgreens Boots Alliance, Inc. 3.450%, 06/01/26 150 150,236 Walt Disney Co. (The) 2.150%, 09/17/20 78 78,595 Waste Management, Inc. 3.500%, 05/15/24 60 62,358 Wells Fargo & Co. 3.000%, 02/19/25 50 49,804 # 3.000%, 04/22/26 150 147,670 Westpac Banking Corp. 4.875%, 11/19/19 200 213,063 2.850%, 05/13/26 300 294,577 3.350%, 03/08/27 550 555,842 Williams Partners L.P. 4.000%, 09/15/25 250 256,811 FACE AMOUNT^ (000) VALUE+ ------- ------------ Wm Wrigley Jr Co. ## 2.900%, 10/21/19 75 $ 76,326 Wyndham Worldwide Corp. 3.900%, 03/01/23 40 41,462 Xilinx, Inc. 3.000%, 03/15/21 100 102,203 Zimmer Biomet Holdings, Inc. 2.700%, 04/01/20 100 101,211 ------------ TOTAL BONDS 57,036,363 ------------ U.S. TREASURY OBLIGATIONS -- (24.8%) U.S. Treasury Bonds 6.250%, 08/15/23 1,810 2,251,825 6.625%, 02/15/27 600 824,836 6.125%, 11/15/27 750 1,012,441 5.250%, 02/15/29 870 1,122,878 6.125%, 08/15/29 145 201,822 6.250%, 05/15/30 130 185,032 5.375%, 02/15/31 1,510 2,025,700 U.S. Treasury Notes 0.875%, 03/31/18 500 498,984 0.750%, 08/15/19 500 493,848 2.000%, 07/31/20 2,000 2,028,046 1.250%, 03/31/21 2,760 2,720,648 1.125%, 07/31/21 1,800 1,759,360 1.500%, 02/28/23 100 97,703 1.500%, 03/31/23 2,430 2,372,003 1.250%, 07/31/23 3,300 3,161,298 2.500%, 05/15/24 150 153,990 2.125%, 05/15/25 1,350 1,345,043 2.000%, 08/15/25 400 394,203 1.625%, 02/15/26 1,000 952,773 1.625%, 05/15/26 700 665,246 1.500%, 08/15/26 2,000 1,876,328 ------------ TOTAL U.S. TREASURY OBLIGATIONS 26,144,007 ------------ TOTAL INVESTMENT SECURITIES 103,835,308 ------------ SHARES ------- SECURITIES LENDING COLLATERAL -- (1.4%) (S)@ DFA Short Term Investment Fund 129,328 1,496,581 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $106,018,026)^^ $105,331,889 ============ DFA SOCIAL FIXED INCOME PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ------------ ------- ------------ Agency Obligations -- $ 20,654,938 -- $ 20,654,938 Bonds -- 57,036,363 -- 57,036,363 U.S. Treasury Obligations -- 26,144,007 -- 26,144,007 Securities Lending Collateral -- 1,496,581 -- 1,496,581 Forward Currency Contracts** -- (41,020) -- (41,020) -- ------------ -- ------------ TOTAL -- $105,290,869 -- $105,290,869 == ============ == ============ ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. DFA DIVERSIFIED FIXED INCOME PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ----------- ------------ U.S. TREASURY OBLIGATIONS -- (19.8%) Treasury Inflation Protected Security 1.625%, 01/15/18 $ 2,682 $ 3,147,896 0.125%, 04/15/18 21,689 22,892,665 0.125%, 04/15/19 4,400 4,601,711 0.125%, 04/15/20 8,007 8,398,791 0.125%, 04/15/21 11,686 12,088,136 2.375%, 01/15/25 23,573 35,020,110 ------------ TOTAL U.S. TREASURY OBLIGATIONS 86,149,309 ------------ SHARES ----------- AFFILIATED INVESTMENT COMPANIES -- (79.3%) Investment in DFA Intermediate Government Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 17,193,937 215,268,094 Investment in DFA Two-Year Global Fixed Income Portfolio of DFA Investment Dimensions Group Inc. 12,975,898 129,369,700 ------------ TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES 344,637,794 ------------ TOTAL INVESTMENT SECURITIES 430,787,103 ------------ TEMPORARY CASH INVESTMENTS -- (0.9%) State Street Institutional U.S. Government Money Market Fund, 0.940% 3,846,945 3,846,945 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $435,864,982)^^ $434,634,048 ============ DFA DIVERSIFIED FIXED INCOME PORTFOLIO CONTINUED Summary of the Fund's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ----------- ------- ------------ U.S. Treasury Obligations -- $86,149,309 -- $ 86,149,309 Affiliated Investment Companies $344,637,794 -- -- 344,637,794 Temporary Cash Investments 3,846,945 -- -- 3,846,945 ------------ ----------- -- ------------ TOTAL $348,484,739 $86,149,309 -- $434,634,048 ============ =========== == ============ U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------ ---------- COMMON STOCKS -- (93.9%) Consumer Discretionary -- (21.1%) * Amazon.com, Inc. 3,767 $3,720,967 Aramark 7,110 283,405 # Bed Bath & Beyond, Inc. 3,216 96,158 Best Buy Co., Inc. 9,490 553,647 CBS Corp. Class B 4,443 292,483 Coach, Inc. 8,468 399,181 Comcast Corp. Class A 65,453 2,647,574 Darden Restaurants, Inc. 3,211 269,339 Delphi Automotive P.L.C. 3,135 283,467 * DISH Network Corp. Class A 3,144 201,310 # Dollar General Corp. 7,293 548,142 * Dollar Tree, Inc. 5,488 395,575 # Gap, Inc. (The) 11,015 262,487 General Motors Co. 18,652 671,099 Goodyear Tire & Rubber Co. (The) 1,839 57,947 # Hanesbrands, Inc. 8,556 196,103 # Harley-Davidson, Inc. 5,098 248,120 Hasbro, Inc. 2,772 293,499 Hilton Worldwide Holdings, Inc. 2,084 130,312 Home Depot, Inc. (The) 12,427 1,859,079 Interpublic Group of Cos., Inc. (The) 11,919 257,570 Kohl's Corp. 4,325 178,839 Las Vegas Sands Corp. 5,314 327,395 Lear Corp. 2,016 298,751 Leggett & Platt, Inc. 3,794 182,795 * Live Nation Entertainment, Inc. 4,728 176,213 Lowe's Cos., Inc. 9,944 769,666 Macy's, Inc. 8,968 212,990 * Michael Kors Holdings, Ltd. 4,347 158,405 NIKE, Inc. Class B 13,051 770,662 # Nordstrom, Inc. 3,549 172,375 * NVR, Inc. 88 229,719 * O'Reilly Automotive, Inc. 1,921 392,460 # Omnicom Group, Inc. 5,902 464,723 # Polaris Industries, Inc. 1,605 143,904 Pool Corp. 888 96,011 Ross Stores, Inc. 5,018 277,596 # Scripps Networks Interactive, Inc. Class A 2,577 225,256 Service Corp. International 5,475 190,147 * ServiceMaster Global Holdings, Inc. 3,101 136,320 Starbucks Corp. 16,030 865,299 Target Corp. 8,109 459,537 TJX Cos., Inc. (The) 7,182 504,966 # Tractor Supply Co. 3,912 219,541 * Ulta Salon Cosmetics & Fragrance, Inc. 1,415 355,462 # Viacom, Inc. Class A 500 20,250 Viacom, Inc. Class B 9,603 335,337 Wyndham Worldwide Corp. 2,101 219,281 U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Consumer Discretionary -- (Continued) Wynn Resorts, Ltd. 2,132 $ 275,753 ----------- Total Consumer Discretionary 22,327,117 ----------- Consumer Staples -- (12.5%) Altria Group, Inc. 22,597 1,468,127 #* Blue Buffalo Pet Products, Inc. 3,813 85,297 Brown-Forman Corp. Class A 2,344 120,810 Brown-Forman Corp. Class B 5,067 250,310 Campbell Soup Co. 6,625 349,999 Church & Dwight Co., Inc. 6,007 320,473 Clorox Co. (The) 2,671 356,552 Coca-Cola Co. (The) 44,345 2,032,775 Costco Wholesale Corp. 6,289 996,869 Dr Pepper Snapple Group, Inc. 4,855 442,582 Estee Lauder Cos., Inc. (The) Class A 2,730 270,243 General Mills, Inc. 8,165 454,464 * Herbalife, Ltd. 1,849 122,977 Hershey Co. (The) 1,309 137,851 Ingredion, Inc. 1,905 234,925 # Kellogg Co. 2,946 200,328 Kimberly-Clark Corp. 3,666 451,504 Kroger Co. (The) 12,665 310,546 McCormick & Co., Inc. Non-Voting 2,689 256,262 McCormick & Co., Inc. Voting 222 21,152 # National Beverage Corp. 336 34,312 PepsiCo, Inc. 16,998 1,982,137 #* Pilgrim's Pride Corp. 4,134 100,415 Sysco Corp. 5,996 315,509 Wal-Mart Stores, Inc. 20,841 1,667,071 Whole Foods Market, Inc. 7,032 293,656 ----------- Total Consumer Staples 13,277,146 ----------- Energy -- (0.5%) Andeavor 2,726 271,319 Core Laboratories NV 753 75,699 ONEOK, Inc. 4,047 228,939 ----------- Total Energy 575,957 ----------- Financials -- (3.9%) American Express Co. 11,824 1,007,760 Aon P.L.C. 2,630 363,387 * Credit Acceptance Corp. 405 100,885 Discover Financial Services 2,300 140,162 Eaton Vance Corp. 3,119 153,112 Erie Indemnity Co. Class A 726 92,536 # FactSet Research Systems, Inc. 946 158,190 Lazard, Ltd. Class A 3,471 162,130 MarketAxess Holdings, Inc. 777 157,646 Marsh & McLennan Cos., Inc. 7,353 573,313 MSCI, Inc. 1,829 199,270 S&P Global, Inc. 2,502 384,282 * Santander Consumer USA Holdings, Inc. 6,319 80,946 U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ---------- Financials -- (Continued) T Rowe Price Group, Inc. 6,457 $ 534,123 ---------- Total Financials 4,107,742 ---------- Health Care -- (7.4%) AbbVie, Inc. 16,301 1,139,603 AmerisourceBergen Corp. 4,131 387,570 * Bioverativ, Inc. 2,405 149,038 Cardinal Health, Inc. 4,681 361,654 * Catalent, Inc. 1,137 39,454 * Celgene Corp. 7,863 1,064,729 * Charles River Laboratories International, Inc. 1,133 111,261 * DaVita, Inc. 5,891 381,619 * Express Scripts Holding Co. 8,238 516,028 Gilead Sciences, Inc. 20,417 1,553,530 Hill-Rom Holdings, Inc. 1,740 129,665 * Hologic, Inc. 8,340 368,711 * Incyte Corp. 1,237 164,880 McKesson Corp. 2,808 454,531 * Mettler-Toledo International, Inc. 509 291,698 * United Therapeutics Corp. 1,270 163,068 * Varian Medical Systems, Inc. 2,152 209,002 Zoetis, Inc. 4,974 310,974 ---------- Total Health Care 7,797,015 ---------- Industrials -- (19.1%) 3M Co. 7,139 1,436,153 Alaska Air Group, Inc. 3,840 327,283 Allegion P.L.C. 1,749 142,089 Allison Transmission Holdings, Inc. 3,516 132,905 AMERCO 298 115,791 American Airlines Group, Inc. 6,728 339,360 Arconic, Inc. 11,610 287,812 Boeing Co. (The) 5,685 1,378,385 BWX Technologies, Inc. 2,016 106,203 Caterpillar, Inc. 8,267 942,025 # CH Robinson Worldwide, Inc. 4,072 267,123 Cintas Corp. 3,058 412,371 * Copart, Inc. 6,292 198,135 Deere & Co. 4,150 532,362 Delta Air Lines, Inc. 11,290 557,274 Donaldson Co., Inc. 3,062 145,414 Emerson Electric Co. 8,855 527,847 Equifax, Inc. 2,259 328,549 # Expeditors International of Washington, Inc. 4,196 247,060 # Fastenal Co. 7,964 342,133 FedEx Corp. 3,512 730,601 Fortive Corp. 4,240 274,498 General Dynamics Corp. 3,739 734,078 Graco, Inc. 1,252 145,282 * HD Supply Holdings, Inc. 5,367 174,374 Huntington Ingalls Industries, Inc. 1,347 277,630 Illinois Tool Works, Inc. 3,648 513,310 U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Industrials -- (Continued) JB Hunt Transport Services, Inc. 2,989 $ 271,132 * JetBlue Airways Corp. 8,025 175,988 KAR Auction Services, Inc. 3,424 143,945 Lincoln Electric Holdings, Inc. 1,525 133,072 Lockheed Martin Corp. 2,668 779,403 * Middleby Corp. (The) 1,515 197,980 MSC Industrial Direct Co., Inc. Class A 1,003 71,424 Nordson Corp. 1,492 189,484 Northrop Grumman Corp. 2,159 568,098 PACCAR, Inc. 4,939 338,075 Robert Half International, Inc. 3,507 158,692 Rockwell Automation, Inc. 1,438 237,313 # Rollins, Inc. 2,834 123,024 #* Sensata Technologies Holding NV 4,534 204,574 Southwest Airlines Co. 9,090 504,586 Spirit Aerosystems Holdings, Inc. Class A 3,162 191,080 Toro Co. (The) 2,412 171,469 * TransUnion 4,063 186,207 Union Pacific Corp. 12,589 1,296,163 * United Continental Holdings, Inc. 4,683 316,945 United Parcel Service, Inc. Class B 6,919 763,097 * United Rentals, Inc. 2,347 279,199 * Verisk Analytics, Inc. 3,739 326,265 * WABCO Holdings, Inc. 1,213 166,872 Waste Management, Inc. 6,176 464,126 # Watsco, Inc. 575 86,693 # WW Grainger, Inc. 1,532 255,446 ----------- Total Industrials 20,216,399 ----------- Information Technology -- (21.5%) Accenture P.L.C. Class A 7,279 937,681 Alliance Data Systems Corp. 1,261 304,443 Amphenol Corp. Class A 3,444 263,879 Apple, Inc. 25,529 3,796,928 Applied Materials, Inc. 13,227 586,088 Automatic Data Processing, Inc. 5,195 617,737 #* Black Knight Financial Services, Inc. Class A 1,487 63,198 Booz Allen Hamilton Holding Corp. 3,487 119,604 Broadridge Financial Solutions, Inc. 2,673 202,774 * Cadence Design Systems, Inc. 4,905 180,995 CDK Global, Inc. 2,876 189,183 CDW Corp. 3,549 225,113 * Citrix Systems, Inc. 4,408 348,144 * CommScope Holding Co., Inc. 5,703 209,756 CSRA, Inc. 3,515 114,624 * F5 Networks, Inc. 1,763 212,882 * First Data Corp. Class A 8,407 156,875 * Fiserv, Inc. 2,433 312,640 * Gartner, Inc. 1,620 207,878 Harris Corp. 3,781 432,811 International Business Machines Corp. 11,669 1,688,154 Intuit, Inc. 2,422 332,323 Jabil, Inc. 4,439 135,390 U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE+ ------ ----------- Information Technology -- (Continued) Jack Henry & Associates, Inc. 1,931 $ 207,235 KLA-Tencor Corp. 3,660 339,026 Mastercard, Inc. Class A 9,715 1,241,577 #* Match Group, Inc. 1,098 20,039 Microsoft Corp. 52,938 3,848,593 * NCR Corp. 2,351 88,985 NVIDIA Corp. 5,442 884,379 Paychex, Inc. 3,612 208,954 Sabre Corp. 6,235 137,981 # Seagate Technology P.L.C. 8,174 269,415 Skyworks Solutions, Inc. 662 69,424 Texas Instruments, Inc. 13,583 1,105,385 Total System Services, Inc. 4,787 303,783 * Vantiv, Inc. Class A 3,684 234,118 # Visa, Inc. Class A 17,964 1,788,496 Western Union Co. (The) 10,512 207,612 * Zebra Technologies Corp. Class A 1,468 149,325 ----------- Total Information Technology 22,743,427 ----------- Materials -- (4.7%) Air Products & Chemicals, Inc. 2,478 352,248 Avery Dennison Corp. 2,225 206,769 * Axalta Coating Systems, Ltd. 6,638 209,097 * Berry Global Group, Inc. 2,848 159,716 Celanese Corp. Series A 3,472 333,902 Chemours Co. (The) 3,682 175,300 * Crown Holdings, Inc. 3,027 180,016 * Freeport-McMoRan, Inc. 42,106 615,590 Huntsman Corp. 5,543 147,555 International Flavors & Fragrances, Inc. 1,630 217,083 International Paper Co. 5,971 328,285 LyondellBasell Industries NV Class A 4,813 433,603 NewMarket Corp. 269 123,770 Packaging Corp. of America 2,589 283,444 PPG Industries, Inc. 3,876 407,949 # Scotts Miracle-Gro Co. (The) 1,324 127,091 Sealed Air Corp. 4,478 194,838 Sherwin-Williams Co. (The) 848 286,005 Sonoco Products Co. 2,630 127,502 WR Grace & Co. 1,617 111,508 ----------- Total Materials 5,021,271 ----------- Telecommunication Services -- (2.9%) * Sprint Corp. 10,048 80,183 * T-Mobile US, Inc. 4,001 246,702 Verizon Communications, Inc. 51,740 2,504,216 * Zayo Group Holdings, Inc. 6,680 219,037 ----------- Total Telecommunication Services 3,050,138 ----------- Utilities -- (0.3%) * Calpine Corp. 8,614 123,869 U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE+ --------- ------------ Utilities -- (Continued) NRG Energy, Inc. 7,782 $ 191,593 ------------ Total Utilities 315,462 ------------ TOTAL COMMON STOCKS 99,431,674 ------------ TOTAL INVESTMENT SECURITIES 99,431,674 ------------ TEMPORARY CASH INVESTMENTS -- (1.1%) State Street Institutional U.S. Government Money Market Fund, 0.940% 1,179,339 1,179,339 ------------ SECURITIES LENDING COLLATERAL -- (5.0%) (S)@ DFA Short Term Investment Fund 458,667 5,307,693 ------------ TOTAL INVESTMENTS -- (100.0%) (Cost $102,783,946)^^ $105,918,706 ============ U.S. HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ---------- ------- ------------ Common Stocks Consumer Discretionary $ 22,327,117 -- -- $ 22,327,117 Consumer Staples 13,277,146 -- -- 13,277,146 Energy 575,957 -- -- 575,957 Financials 4,107,742 -- -- 4,107,742 Health Care 7,797,015 -- -- 7,797,015 Industrials 20,216,399 -- -- 20,216,399 Information Technology 22,743,427 -- -- 22,743,427 Materials 5,021,271 -- -- 5,021,271 Telecommunication Services 3,050,138 -- -- 3,050,138 Utilities 315,462 -- -- 315,462 Temporary Cash Investments 1,179,339 -- -- 1,179,339 Securities Lending Collateral -- $5,307,693 -- 5,307,693 ------------ ---------- -- ------------ TOTAL $100,611,013 $5,307,693 -- $105,918,706 ============ ========== == ============ INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ------ ---------- COMMON STOCKS -- (97.7%) AUSTRALIA -- (6.2%) Amcor, Ltd. 10,778 $ 132,305 AMP, Ltd. 47,120 203,132 Aristocrat Leisure, Ltd. 7,407 120,115 BHP Billiton, Ltd. 28,127 585,784 Brambles, Ltd. 22,497 166,338 Caltex Australia, Ltd. 4,925 122,735 CIMIC Group, Ltd. 1,152 38,214 Coca-Cola Amatil, Ltd. 9,975 65,685 Cochlear, Ltd. 842 96,185 Computershare, Ltd. 6,787 76,364 CSL, Ltd. 2,931 295,305 Domino's Pizza Enterprises, Ltd. 655 27,924 Evolution Mining, Ltd. 16,806 30,029 Flight Centre Travel Group, Ltd. 781 27,165 Fortescue Metals Group, Ltd. 29,664 136,342 Macquarie Group, Ltd. 1,876 128,794 Magellan Financial Group, Ltd. 1,603 33,863 Medibank Pvt, Ltd. 38,689 84,189 Orica, Ltd. 5,276 83,876 Qantas Airways, Ltd. 6,535 27,774 Ramsay Health Care, Ltd. 2,142 120,951 REA Group, Ltd. 1,042 57,477 Rio Tinto, Ltd. 3,085 162,627 Telstra Corp., Ltd. 34,814 114,210 TPG Telecom, Ltd. 5,012 22,490 Woolworths, Ltd. 9,735 207,778 ---------- TOTAL AUSTRALIA 3,167,651 ---------- AUSTRIA -- (0.3%) OMV AG 1,359 76,984 Voestalpine AG 926 46,933 ---------- TOTAL AUSTRIA 123,917 ---------- BELGIUM -- (1.2%) Ageas 2,286 102,913 Colruyt SA 420 23,536 KBC Group NV 1,663 137,487 Proximus SADP 1,153 40,545 Solvay SA 1,019 146,105 UCB SA 1,250 91,027 Umicore SA 1,017 81,647 ---------- TOTAL BELGIUM 623,260 ---------- CANADA -- (8.2%) Agrium, Inc. 1,997 199,900 Alimentation Couche-Tard, Inc. Class B 3,000 142,258 Barrick Gold Corp.(067901108) 998 16,876 Barrick Gold Corp.(2024644) 8,918 150,785 BCE, Inc. 1,099 51,576 CAE, Inc.(124765108) 602 10,216 CAE, Inc.(2162760) 3,619 61,335 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- CANADA -- (Continued) Canadian Imperial Bank of Commerce 3,498 $ 303,766 Canadian National Railway Co. 5,220 412,485 Canadian Pacific Railway, Ltd. 799 124,940 Canadian Tire Corp., Ltd. Class A 1,000 114,145 CCL Industries, Inc. Class B 1,500 71,911 * CGI Group, Inc. Class A 1,698 89,671 # CI Financial Corp. 3,300 71,889 Constellation Software, Inc. 200 107,744 Dollarama, Inc. 1,300 127,075 George Weston, Ltd. 800 69,871 Gildan Activewear, Inc. 2,352 70,866 IGM Financial, Inc. 1,400 47,118 Inter Pipeline, Ltd. 5,217 103,022 Jean Coutu Group PJC, Inc. (The) Class A 700 11,667 Keyera Corp. 2,540 79,373 Linamar Corp. 900 49,326 Loblaw Cos., Ltd. 1,500 81,692 Magna International, Inc. 3,396 161,955 Methanex Corp. 958 42,439 Metro, Inc. 3,603 122,041 National Bank of Canada 2,300 103,585 # Northland Power, Inc. 700 13,037 Quebecor, Inc. Class B 741 25,682 Restaurant Brands International, Inc. 1,300 77,453 Ritchie Bros Auctioneers, Inc. 799 22,556 Rogers Communications, Inc. Class B 2,398 124,696 Royal Bank of Canada 5,595 417,163 Saputo, Inc. 3,215 108,976 Shaw Communications, Inc. Class B(82028K200) 565 12,583 Shaw Communications, Inc. Class B(2801836) 5,600 124,689 Toromont Industries, Ltd. 1,200 44,554 * Valeant Pharmaceuticals International, Inc.(91911K102) 1,225 20,164 * Valeant Pharmaceuticals International, Inc.(B3XSX46) 3,149 51,879 Vermilion Energy, Inc. 1,597 52,637 West Fraser Timber Co., Ltd. 1,000 53,138 Winpak, Ltd. 300 12,881 ---------- TOTAL CANADA 4,161,615 ---------- DENMARK -- (1.8%) Novo Nordisk A.S. Class B 17,549 746,349 Pandora A.S. 1,384 159,282 ---------- TOTAL DENMARK 905,631 ---------- FINLAND -- (0.9%) Elisa Oyj 1,616 66,526 Kone Oyj Class B 2,782 144,907 Neste Oyj 1,140 49,423 Orion Oyj Class B 694 35,075 UPM-Kymmene Oyj 1,805 49,138 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- FINLAND -- (Continued) Wartsila Oyj Abp 1,430 $ 95,035 ---------- TOTAL FINLAND 440,104 ---------- FRANCE -- (9.1%) Airbus SE 3,115 260,279 Arkema SA 890 101,313 Atos SE 1,185 180,162 Bouygues SA 3,925 168,281 Bureau Veritas SA 2,602 59,286 Carrefour SA 8,215 197,325 Cie Generale des Etablissements Michelin 3,018 408,746 Danone SA 2,554 190,580 Eiffage SA 1,100 106,552 Electricite de France SA 9,188 93,264 Eutelsat Communications SA 442 11,962 # Faurecia 1,249 69,355 Hermes International 142 71,925 Iliad SA 387 96,005 Legrand SA 2,754 190,240 LVMH Moet Hennessy Louis Vuitton SE 1,878 471,732 Orange SA 15,209 255,920 Peugeot SA 8,791 189,101 Publicis Groupe SA 2,090 158,038 Safran SA 1,664 157,432 Sartorius Stedim Biotech 171 12,184 SEB SA 305 54,261 SES SA 5,255 123,620 * SFR Group SA 1,016 37,818 Sodexo SA 1,000 118,130 Teleperformance 788 109,794 Thales SA 1,199 132,739 * Ubisoft Entertainment SA 931 58,909 Valeo SA 3,349 231,880 Vinci SA 3,652 327,023 ---------- TOTAL FRANCE 4,643,856 ---------- GERMANY -- (8.0%) BASF SE 225 21,420 Bayer AG 5,893 746,414 Bayerische Motoren Werke AG 3,076 282,621 Continental AG 1,055 237,657 Covestro AG 1,671 129,583 Deutsche Lufthansa AG 4,376 93,975 Deutsche Post AG 6,520 252,927 Deutsche Telekom AG 28,582 522,157 E.ON SE 29,960 296,387 Fielmann AG 368 29,556 Fresenius SE & Co. KGaA 3,076 259,629 Hochtief AG 324 57,832 Innogy SE 2,475 103,950 KION Group AG 968 83,997 Lanxess AG 1,689 130,245 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- GERMANY -- (Continued) MTU Aero Engines AG 655 $ 95,993 ProSiebenSat.1 Media SE 2,640 105,479 RTL Group SA 439 34,152 * RWE AG 8,791 185,231 Symrise AG 1,134 79,398 ThyssenKrupp AG 4,386 130,270 United Internet AG 1,915 116,585 Volkswagen AG 375 58,967 ---------- TOTAL GERMANY 4,054,425 ---------- HONG KONG -- (2.5%) AIA Group, Ltd. 28,000 220,234 ASM Pacific Technology, Ltd. 4,200 54,280 Chow Tai Fook Jewellery Group, Ltd. 14,800 15,377 Galaxy Entertainment Group, Ltd. 21,000 129,656 HKT Trust & HKT, Ltd. 55,000 72,048 Hong Kong Exchanges & Clearing, Ltd. 7,200 205,115 Man Wah Holdings, Ltd. 12,400 10,704 Melco International Development, Ltd. 8,000 18,904 MGM China Holdings, Ltd. 10,400 20,462 PCCW, Ltd. 56,000 31,493 Prada SpA 5,100 18,206 Samsonite International SA 18,300 76,636 Sands China, Ltd. 12,000 55,578 Techtronic Industries Co., Ltd. 20,500 91,087 VTech Holdings, Ltd. 1,200 17,357 WH Group, Ltd. 138,000 129,395 Wynn Macau, Ltd. 14,800 31,977 Xinyi Glass Holdings, Ltd. 16,000 16,533 Yue Yuen Industrial Holdings, Ltd. 9,500 39,222 ---------- TOTAL HONG KONG 1,254,264 ---------- IRELAND -- (0.4%) CRH P.L.C. Sponsored ADR 300 10,521 Kerry Group P.L.C. Class A 1,578 142,829 Smurfit Kappa Group P.L.C. 2,404 71,497 ---------- TOTAL IRELAND 224,847 ---------- ISRAEL -- (0.5%) Bank Hapoalim BM 5,261 36,442 Bank Leumi Le-Israel BM 11,183 53,725 Bezeq The Israeli Telecommunication Corp., Ltd. 11,376 16,889 Elbit Systems, Ltd.(6308913) 170 21,465 Elbit Systems, Ltd.(M3760D101) 108 13,610 Frutarom Industries, Ltd. 315 22,334 Israel Chemicals, Ltd. 4,804 22,893 Mizrahi Tefahot Bank, Ltd. 1,391 25,135 * Tower Semiconductor, Ltd. 700 18,305 ---------- TOTAL ISRAEL 230,798 ---------- ITALY -- (2.0%) Atlantia SpA 4,982 151,549 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------- ---------- ITALY -- (Continued) CNH Industrial NV 9,636 $ 111,618 # Enel SpA 45,998 262,386 Ferrari NV 1,296 136,326 * Fiat Chrysler Automobiles NV 15,149 182,672 * GEDI Gruppo Editoriale SpA 733 681 Recordati SpA 880 37,563 * Telecom Italia SpA 120,479 123,950 ---------- TOTAL ITALY 1,006,745 ---------- JAPAN -- (22.1%) Aeon Co., Ltd. 5,900 88,901 Ain Holdings, Inc. 300 21,622 Air Water, Inc. 2,800 54,211 Aisin Seiki Co., Ltd. 1,800 93,580 Alps Electric Co., Ltd. 3,100 84,299 Asahi Group Holdings, Ltd. 2,800 114,131 Asahi Intecc Co., Ltd. 500 22,453 Astellas Pharma, Inc. 14,400 183,392 Bandai Namco Holdings, Inc. 2,100 73,003 Bridgestone Corp. 6,500 273,465 Brother Industries, Ltd. 3,800 96,955 Calbee, Inc. 800 33,166 Cosmos Pharmaceutical Corp. 100 21,289 CyberAgent, Inc. 1,100 33,974 Daicel Corp. 5,400 70,190 Daiichikosho Co., Ltd. 500 24,081 Daikin Industries, Ltd. 1,800 190,572 Daito Trust Construction Co., Ltd. 600 101,414 Daiwa House Industry Co., Ltd. 4,600 160,454 DIC Corp. 1,300 49,034 Fast Retailing Co., Ltd. 300 90,015 FP Corp. 400 21,883 Fuji Electric Co., Ltd. 12,000 66,069 Fujikura, Ltd. 6,200 52,199 Fujitsu General, Ltd. 1,000 21,108 Fujitsu, Ltd. 17,000 126,594 Furukawa Electric Co., Ltd. 1,400 63,181 Haseko Corp. 5,200 65,107 Hikari Tsushin, Inc. 300 32,760 Hino Motors, Ltd. 3,500 41,194 Hitachi Capital Corp. 1,000 23,790 Hitachi, Ltd. 45,000 309,592 Hoya Corp. 2,200 124,051 Idemitsu Kosan Co., Ltd. 1,300 31,553 * IHI Corp. 28,000 92,287 Isuzu Motors, Ltd. 10,600 145,349 Ito En, Ltd. 400 14,791 Izumi Co., Ltd. 500 26,085 Japan Airlines Co., Ltd. 1,800 58,157 Japan Exchange Group, Inc. 5,800 104,094 Japan Tobacco, Inc. 8,200 284,943 JTEKT Corp. 4,600 65,475 JXTG Holdings, Inc. 28,400 126,239 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------ -------- JAPAN -- (Continued) Kajima Corp. 15,000 $130,795 Kakaku.com, Inc. 1,700 24,019 Kaken Pharmaceutical Co., Ltd. 400 21,291 Kao Corp. 2,900 176,565 Kawasaki Heavy Industries, Ltd. 16,000 50,942 KDDI Corp. 15,400 408,053 Keihan Holdings Co., Ltd. 4,000 25,879 Kirin Holdings Co., Ltd. 7,300 160,773 Koito Manufacturing Co., Ltd. 1,600 93,466 Konami Holdings Corp. 900 46,939 Kose Corp. 500 55,641 Kyudenko Corp. 700 26,402 Lawson, Inc. 600 40,847 M3, Inc. 2,900 78,228 MEIJI Holdings Co., Ltd. 1,000 79,693 Minebea Mitsumi, Inc. 4,000 65,901 Miraca Holdings, Inc. 900 41,069 Mitsubishi Chemical Holdings Corp. 11,900 99,630 Mitsubishi UFJ Lease & Finance Co., Ltd. 11,100 59,131 Mitsui Chemicals, Inc. 17,000 96,579 Mitsui Mining & Smelting Co., Ltd. 10,000 43,684 Mixi, Inc. 400 21,984 MonotaRO Co., Ltd. 700 23,090 Morinaga & Co., Ltd. 400 22,925 Nichirei Corp. 1,300 36,537 Nifco, Inc. 600 34,608 Nihon M&A Center, Inc. 700 28,106 Nippon Paint Holdings Co., Ltd. 900 34,606 Nipro Corp. 1,600 21,704 Nissan Chemical Industries, Ltd. 700 23,237 Nissan Motor Co., Ltd. 20,800 206,529 Nitori Holdings Co., Ltd. 300 42,337 NTN Corp. 7,000 32,578 NTT Data Corp. 6,500 70,804 NTT DOCOMO, Inc. 9,900 229,898 Obayashi Corp. 9,200 110,774 Oji Holdings Corp. 10,000 51,285 Olympus Corp. 2,300 83,482 Oracle Corp. 500 33,607 Otsuka Corp. 600 39,304 Panasonic Corp. 17,200 236,901 Park24 Co., Ltd. 1,200 30,369 Persol Holdings Co., Ltd. 1,600 30,336 Pigeon Corp. 1,200 44,480 Recruit Holdings Co., Ltd. 6,300 109,051 Relo Group, Inc. 1,700 34,122 Ryohin Keikaku Co., Ltd. 300 76,693 Sankyu, Inc. 6,000 45,191 Sanwa Holdings Corp. 2,700 29,237 Sapporo Holdings, Ltd. 1,100 29,960 SCREEN Holdings Co., Ltd. 700 46,790 SCSK Corp. 500 21,100 Seibu Holdings, Inc. 3,400 59,312 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- JAPAN -- (Continued) Sekisui Chemical Co., Ltd. 6,500 $ 119,732 Seria Co., Ltd. 500 24,816 Seven & I Holdings Co., Ltd. 6,100 245,858 Seven Bank, Ltd. 6,000 23,744 #* Sharp Corp. 6,000 21,121 Shimizu Corp. 8,000 84,528 Shionogi & Co., Ltd. 1,000 53,390 Showa Denko K.K. 1,900 49,456 Showa Shell Sekiyu K.K. 2,800 30,500 Skylark Co., Ltd. 1,400 21,130 SoftBank Group Corp. 6,100 491,645 Sony Corp. 7,900 324,566 Start Today Co., Ltd. 1,800 50,790 Subaru Corp. 5,300 191,208 Sumitomo Chemical Co., Ltd. 27,000 157,791 Sumitomo Forestry Co., Ltd. 2,000 30,615 Sumitomo Rubber Industries, Ltd. 3,700 64,159 Sundrug Co., Ltd. 1,000 37,252 Suntory Beverage & Food, Ltd. 900 44,118 Suzuki Motor Corp. 2,400 113,763 Sysmex Corp. 800 45,796 Taiheiyo Cement Corp. 20,000 75,046 Taisei Corp. 13,000 124,436 Taiyo Nippon Sanso Corp. 2,200 25,425 TDK Corp. 1,800 129,369 Teijin, Ltd. 3,600 72,178 Terumo Corp. 1,300 49,153 Tokyo Century Corp. 700 29,816 Tokyo Electron, Ltd. 900 126,574 Toray Industries, Inc. 11,400 102,941 Tosoh Corp. 11,000 130,241 Toyo Tire & Rubber Co., Ltd. 1,500 30,790 Toyoda Gosei Co., Ltd. 1,000 23,595 Toyota Boshoku Corp. 1,100 22,973 Toyota Tsusho Corp. 1,400 45,007 Trend Micro, Inc. 1,100 55,014 Tsuruha Holdings, Inc. 300 31,476 Ube Industries, Ltd. 8,000 21,671 Ulvac, Inc. 500 26,808 Unicharm Corp. 1,900 48,749 USS Co., Ltd. 1,800 36,362 Welcia Holdings Co., Ltd. 700 26,600 Yahoo Japan Corp. 7,400 33,492 Yamaha Motor Co., Ltd. 4,900 123,066 Yamazaki Baking Co., Ltd. 1,700 34,103 Zenkoku Hosho Co., Ltd. 600 25,802 Zensho Holdings Co., Ltd. 1,300 23,516 ----------- TOTAL JAPAN 11,243,347 ----------- NETHERLANDS -- (2.9%) GrandVision NV 801 22,635 Heineken NV 754 78,679 # Koninklijke KPN NV 65,010 235,749 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- NETHERLANDS -- (Continued) RELX NV 6,391 $ 134,239 Unilever NV 13,239 770,113 Wolters Kluwer NV 5,294 235,443 ---------- TOTAL NETHERLANDS 1,476,858 ---------- NEW ZEALAND -- (0.2%) * a2 Milk Co., Ltd. 7,483 24,815 Air New Zealand, Ltd. 10,484 26,394 Fisher & Paykel Healthcare Corp., Ltd. 2,889 23,805 Spark New Zealand, Ltd. 12,494 35,191 Z Energy, Ltd. 1,296 7,535 ---------- TOTAL NEW ZEALAND 117,740 ---------- NORWAY -- (0.8%) Aker BP ASA 1,492 28,184 Bakkafrost P/F 550 21,596 Leroy Seafood Group ASA 4,380 25,423 Marine Harvest ASA 6,167 114,974 Salmar ASA 814 21,163 Statoil ASA 5,488 103,142 Telenor ASA 5,257 104,948 ---------- TOTAL NORWAY 419,430 ---------- SINGAPORE -- (1.0%) Dairy Farm International Holdings, Ltd. 2,500 20,157 Jardine Cycle & Carriage, Ltd. 800 23,822 SATS, Ltd. 7,600 27,078 SembCorp Industries, Ltd. 14,000 33,342 Singapore Airlines, Ltd. 9,400 72,038 Singapore Exchange, Ltd. 10,200 56,929 Singapore Technologies Engineering, Ltd. 21,200 58,949 Singapore Telecommunications, Ltd. 54,600 159,853 United Overseas Bank, Ltd. 2,700 47,778 ---------- TOTAL SINGAPORE 499,946 ---------- SPAIN -- (3.2%) Abertis Infraestructuras SA 9,177 180,945 ACS Actividades de Construccion y Servicios SA 3,022 115,719 Aena SA 911 178,053 Amadeus IT Group SA 5,393 331,960 Enagas SA 2,087 58,985 Endesa SA 2,376 56,248 Industria de Diseno Textil SA 4,877 193,590 Siemens Gamesa Renewable Energy SA 6,597 107,935 Telefonica SA 37,134 420,467 ---------- TOTAL SPAIN 1,643,902 ---------- SWEDEN -- (2.6%) Atlas Copco AB Class A 4,004 144,815 Atlas Copco AB Class B 2,514 81,418 Axfood AB 1,355 22,820 Boliden AB 4,339 136,219 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ---------- SWEDEN -- (Continued) Electrolux AB Series B 3,295 $ 112,674 Hennes & Mauritz AB Class B 5,056 131,912 Indutrade AB 626 15,442 Loomis AB Class B 1,143 42,465 NCC AB Class B 1,590 41,371 Sandvik AB 8,961 141,213 Securitas AB Class B 4,529 75,423 SKF AB Class B 6,925 137,642 Volvo AB Class A 1,888 32,051 Volvo AB Class B 11,947 202,925 ---------- TOTAL SWEDEN 1,318,390 ---------- SWITZERLAND -- (7.8%) ABB, Ltd. 16,567 388,104 Adecco Group AG 2,497 190,504 EMS-Chemie Holding AG 102 70,973 Flughafen Zurich AG 289 73,706 Geberit AG 428 205,849 Givaudan SA 152 302,420 Kuehne + Nagel International AG 907 157,948 Logitech International SA 1,896 68,332 Lonza Group AG 999 237,437 Nestle SA 939 79,261 Partners Group Holding AG 214 138,922 Roche Holding AG(7108918) 261 67,292 Roche Holding AG(7110388) 4,682 1,185,339 Schindler Holding AG 294 61,827 SGS SA 68 150,293 Sika AG 33 227,411 Sonova Holding AG 833 135,105 Straumann Holding AG 91 51,389 Swisscom AG 241 117,792 Temenos Group AG 698 67,473 ---------- TOTAL SWITZERLAND 3,977,377 ---------- UNITED KINGDOM -- (16.0%) Admiral Group P.L.C. 2,800 76,384 Ashtead Group P.L.C. 9,048 194,390 AstraZeneca P.L.C. Sponsored ADR 18,456 557,002 BAE Systems P.L.C. 51,990 412,480 British American Tobacco P.L.C. 12,345 767,930 BT Group P.L.C. 55,731 230,632 Bunzl P.L.C. 4,798 144,869 Burberry Group P.L.C. 5,717 128,961 Capita P.L.C. 9,109 79,147 Centrica P.L.C. 80,204 210,108 Compass Group P.L.C. 12,022 256,512 Croda International P.L.C. 1,747 85,246 Diageo P.L.C. Sponsored ADR 1,698 221,708 DS Smith P.L.C. 16,379 104,337 Experian P.L.C. 14,762 293,266 Fresnillo P.L.C. 3,321 67,397 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- UNITED KINGDOM -- (Continued) G4S P.L.C. 21,838 $ 94,792 GlaxoSmithKline P.L.C. 786 15,647 GlaxoSmithKline P.L.C. Sponsored ADR 14,502 587,621 Hargreaves Lansdown P.L.C. 2,614 47,563 Imperial Brands P.L.C. 7,910 325,760 International Consolidated Airlines Group SA 13,183 100,540 Intertek Group P.L.C. 2,352 133,418 ITV P.L.C. 43,714 99,965 JD Sports Fashion P.L.C. 4,242 20,052 Johnson Matthey P.L.C. 1,721 63,784 Mondi P.L.C. 5,549 146,158 Next P.L.C. 1,302 67,867 Provident Financial P.L.C. 1,866 50,798 Reckitt Benckiser Group P.L.C. 3,697 359,449 RELX P.L.C. 549 11,958 RELX P.L.C. Sponsored ADR 5,403 119,460 Rentokil Initial P.L.C. 20,020 76,727 Rightmove P.L.C. 1,037 57,526 Rolls-Royce Holdings P.L.C. 27,542 322,707 Smiths Group P.L.C. 5,892 119,342 Spirax-Sarco Engineering P.L.C. 820 60,183 SSE P.L.C. 16,297 296,579 St James's Place P.L.C. 8,569 137,638 TUI AG 6,980 109,709 Unilever P.L.C. Sponsored ADR 9,271 528,354 Wolseley P.L.C. 3,677 219,546 Worldpay Group P.L.C. 22,397 109,293 ----------- TOTAL UNITED KINGDOM 8,112,805 ----------- TOTAL COMMON STOCKS 49,646,908 ----------- PREFERRED STOCKS -- (0.8%) GERMANY -- (0.8%) Bayerische Motoren Werke AG 668 53,231 Fuchs Petrolub SE 639 37,934 Sartorius AG 384 36,294 Schaeffler AG 1,918 26,741 INTERNATIONAL HIGH RELATIVE PROFITABILITY PORTFOLIO CONTINUED SHARES VALUE++ ------ ----------- GERMANY -- (Continued) Volkswagen AG 1,717 $ 264,056 ----------- TOTAL GERMANY 418,256 ----------- TOTAL PREFERRED STOCKS 418,256 ----------- TOTAL INVESTMENT SECURITIES 50,065,164 ----------- VALUE+ ----------- SECURITIES LENDING COLLATERAL -- (1.5%) (S)@ DFA Short Term Investment Fund 65,181 754,275 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $49,928,463)^^ $50,819,439 =========== Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- ----------- ------- ----------- Common Stocks Australia -- $ 3,167,651 -- $ 3,167,651 Austria -- 123,917 -- 123,917 Belgium -- 623,260 -- 623,260 Canada $4,161,615 -- -- 4,161,615 Denmark -- 905,631 -- 905,631 Finland -- 440,104 -- 440,104 France -- 4,643,856 -- 4,643,856 Germany -- 4,054,425 -- 4,054,425 Hong Kong -- 1,254,264 -- 1,254,264 Ireland 10,521 214,326 -- 224,847 Israel 31,915 198,883 -- 230,798 Italy 136,326 870,419 -- 1,006,745 Japan -- 11,243,347 -- 11,243,347 Netherlands 770,113 706,745 -- 1,476,858 New Zealand -- 117,740 -- 117,740 Norway -- 419,430 -- 419,430 Singapore -- 499,946 -- 499,946 Spain -- 1,643,902 -- 1,643,902 Sweden -- 1,318,390 -- 1,318,390 Switzerland 68,332 3,909,045 -- 3,977,377 United Kingdom 2,014,145 6,098,660 -- 8,112,805 Preferred Stocks Germany -- 418,256 -- 418,256 Securities Lending Collateral -- 754,275 -- 754,275 ---------- ----------- -- ----------- TOTAL $7,192,967 $43,626,472 -- $50,819,439 ========== =========== == =========== VA EQUITY ALLOCATION PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ------- ----------- AFFILIATED INVESTMENT COMPANIES -- (100.0%) Investment in U.S. Core Equity 1 Portfolio of DFA Investment Dimensions Group Inc. 198,512 $ 4,164,779 Investment in U.S. Large Company Portfolio of Dimensional Investment Group Inc. 173,934 3,344,744 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 182,436 2,486,609 Investment in VA U.S. Targeted Value Portfolio of DFA Investment Dimensions Group Inc. 96,127 1,869,660 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 57,029 1,228,984 Investment in VA U.S. Large Value Portfolio of DFA Investment Dimensions Group Inc. 40,561 1,045,245 Investment in VA International Small Portfolio of DFA Investment Dimensions Group Inc. 56,183 769,149 Investment in VA International Value Portfolio of DFA Investment Dimensions Group Inc. 44,775 576,704 Investment in DFA Real Estate Securities Portfolio of DFA Investment Dimensions Group Inc. 11,875 419,177 ----------- TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $15,545,482)^^ $15,905,051 ----------- Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- ------- ------- ----------- Affiliated Investment Companies $15,905,051 -- -- $15,905,051 ----------- -- -- ----------- TOTAL $15,905,051 -- -- $15,905,051 =========== == == =========== DFA MN MUNICIPAL BOND PORTFOLIO SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) FACE AMOUNT (000) VALUE+ ------ ---------- MUNICIPAL BONDS -- (100.0%) MINNESOTA -- (100.0%) City of Cambridge (GO) Series A 3.000%, 02/01/23 375 $ 404,767 City of Circle Pines (GO) Series B 3.000%, 02/01/21 215 227,221 City of Duluth (GO) Series A 3.000%, 02/01/20 240 250,344 City of East Grand Forks (GO) Series A 3.000%, 02/01/21 200 211,720 City of Hopkins (GO) Series D 3.000%, 02/01/22 130 139,500 City of Hutchinson (GO) Series C 2.000%, 02/01/19 140 141,904 City of Kasson (GO) 4.000%, 02/01/23 320 359,952 City of Lakeville (GO) Series B 5.000%, 02/01/24 710 861,273 City of Marshall (GO) Series B 5.000%, 02/01/21 110 124,142 City of Minneapolis (GO) 3.000%, 12/01/27 5,000 5,297,100 City of Red Wing (GO) Series A 4.000%, 02/01/26 700 811,832 City of Richfield (GO) Series A 3.000%, 02/01/24 255 277,103 City of State Cloud (GO) Series A 3.000%, 02/01/24 450 483,255 City of State Francis (GO) Series A 3.000%, 02/01/19 275 282,623 3.000%, 02/01/20 285 297,543 City of Waconia (GO) Series A 3.000%, 02/01/23 450 485,509 3.000%, 02/01/26 820 886,855 City of West State Paul (GO) Series A 3.000%, 02/01/23 230 247,627 Cloquet Independent School District No. 94 (GO) Series A (SD CRED PROG) 5.000%, 04/01/22 910 1,057,757 County of Itasca (GO) Series A 5.000%, 02/01/24 545 656,256 County of Olmsted (GO) Series A 4.000%, 02/01/27 445 509,654 County of Sherburne (GO) Series A 3.000%, 02/01/24 1,360 1,482,264 County of Swift (GO) Series A 3.000%, 02/01/23 215 230,796 FACE AMOUNT (000) VALUE+ ------ ---------- MINNESOTA -- (Continued) Dakota County Community Development Agency (RB) Series B (CNTY GTD) 5.000%, 01/01/23 1,180 $1,401,970 Fosston Independent School District No. 601 (GO) (SD CRED PROG) 4.000%, 02/01/25 550 636,564 Hastings Independent School District No. 200 (GO) Series A (SD CRED PROG) 5.000%, 02/01/21 740 836,496 Hennepin County (GO) Series A 5.000%, 12/01/22 2,125 2,532,044 Hennepin County (GO) Series B 5.000%, 12/01/21 2,000 2,327,820 Itasca County (GO) Series A 5.000%, 02/01/23 865 1,024,601 Metropolitan Council (GO) Series C 5.000%, 03/01/26 1,550 1,948,195 Milaca Independent School District No 912 (GO) Series A 4.000%, 02/01/24 830 947,462 Milaca Independent School District No. 912 (GO) Series A (SD CRED PROG) 4.000%, 02/01/23 825 933,850 Minneapolis Special School District No. 1 (GO) (SD CRED PROG) 5.000%, 02/01/24 1,200 1,459,800 Minnesota State (GO) Series B 5.000%, 08/01/19 1,500 1,619,745 Minnesota State (GO) Series D 5.000%, 08/01/20 2,000 2,231,660 5.000%, 08/01/22 1,820 2,150,421 Minnesota State (GO) Series E 5.000%, 08/01/18 150 156,167 Minnesota State (GO) Series F 4.000%, 08/01/18 100 103,123 5.000%, 10/01/18 3,985 4,175,642 Minnesota State 911 Services Revenue (RB) (currency) 5.000%, 06/01/20 (Pre-refunded @ $100, 6/1/19) 2,100 2,254,518 Moorhead Independent School District No. 152 (GO) Series A (SD CRED PROG) 4.000%, 02/01/24 250 286,207 Morris Area Schools Independent School District No. 2769 (GO) Series A 4.000%, 02/01/24 300 344,445 DFA MN MUNICIPAL BOND PORTFOLIO CONTINUED FACE AMOUNT (000) VALUE+ ------ ----------- MINNESOTA -- (Continued) Morris Area Schools Independent School District No. 2769 (GO) Series A (SD CRED PROG) 4.000%, 02/01/23 1,490 $ 1,690,807 New London-Spicer Independent School District No 345 (GO) Series A 3.000%, 02/01/23 150 161,414 North Branch Independent School District No. 138 (GO) Series A (SD CRED PROG) 5.000%, 02/01/20 300 328,398 North St Paul-Maplewood-Oakdale Independent School District No 622 (GO) Series A 3.000%, 02/01/24 255 276,446 North St Paul-Maplewood-Oakdale Independent School District No 622 (GO) Series A (SD CRED PROG) 5.000%, 02/01/22 255 295,818 Olmsted County (GO) Series A 5.000%, 02/01/24 675 821,137 Pine City Independent School District No. 578 (GO) Series A (SD CRED PROG) 2.000%, 02/01/21 300 307,878 Shakopee Independent School District No. 720 (GO) Series A (SD CRED PROG) 5.000%, 02/01/18 220 224,561 Washington County (GO) Series A 5.000%, 02/01/19 150 159,110 ----------- TOTAL MUNICIPAL BONDS 47,363,296 ----------- TOTAL INVESTMENTS -- (100.0%) (Cost $47,397,550)^^ $47,363,296 =========== DFA MN MUNICIPAL BOND PORTFOLIO CONTINUED Summary of the Portfolio's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- ----------- ------- ----------- Municipal Bonds -- $47,363,296 -- $47,363,296 -- ----------- -- ----------- TOTAL -- $47,363,296 -- $47,363,296 == =========== == =========== ORGANIZATION DFA Investment Dimensions Group Inc. (the "Fund") is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are offered to institutional investors, retirement plans and clients of registered investment advisors. At July 31, 2017, the Fund consisted of one hundred operational portfolios, (the "Portfolios") all of which are included in this document. The Fund's advisor is Dimensional Fund Advisors LP (the "Advisor"). Some of the portfolios of the Fund are feeder funds in a master-feeder structure. The master funds are part of other entities that are also advised by the Advisor. The Schedules of Investments for the master funds have been included in this document. SECURITY VALUATION The Portfolios utilize a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below: . Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, futures contracts) . 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 Portfolios' own assumptions in determining the fair value of investments) The Funds of Funds (International Small Company Portfolio, Global Small Company Portfolio, World ex U.S. Value Portfolio, Selectively Hedged Global Equity Portfolio, Dimensional Retirement Income Fund, Dimensional 2045 Target Date Retirement Income Fund, Dimensional 2050 Target Date Retirement Income Fund, Dimensional 2055 Target Date Retirement Income Fund, Dimensional 2060 Target Date Retirement Income Fund, Dimensional 2005 Target Date Retirement Income Fund, Dimensional 2010 Target Date Retirement Income Fund, Dimensional 2015 Target Date Retirement Income Fund, Dimensional 2020 Target Date Retirement Income Fund, Dimensional 2025 Target Date Retirement Income Fund, Dimensional 2030 Target Date Retirement Income Fund, Dimensional 2035 Target Date Retirement Income Fund, Dimensional 2040 Target Date Retirement Income Fund, World Core Equity Portfolio, DFA VA Global Moderate Allocation Portfolio, and VA Equity Allocation Portfolio) invest in the funds indicated on the Schedule of Investments ("Underlying Funds"). The DFA Global Real Estate Securities Portfolio may pursue its investment objective by investing its assets in its Underlying Funds and/or directly in securities of companies in the real estate industry. The DFA Diversified Fixed Income Portfolio may pursue its investment objectives by investing its assets in its Underlying Funds and/or directly in fixed income securities. Each Feeder Fund (U.S. Large Cap Value Portfolio, Japanese Small Company Portfolio, Asia Pacific Small Company Portfolio, United Kingdom Small Company Portfolio, Continental Small Company Portfolio, Emerging Markets Portfolio, Emerging Markets Small Cap Portfolio, Emerging Markets Value Portfolio, LWAS/DFA International High Book to Market Portfolio and Tax-Managed U.S. Marketwide Value Portfolio) invests primarily in a corresponding master fund(s) ("Master Fund"). Shares held by the Portfolios in other investment companies (such as the Master Funds and the Underlying Funds) are valued at their respective daily net asset values as reported by their administrator. The Portfolios' investments in the series of The DFA Investment Trust Company or in Dimensional Emerging Markets Value Fund reflect their proportionate interest in the net assets of such corresponding Master Fund. These valuations are classified as Level 1 in the hierarchy. Securities held by the Domestic Equity Portfolios (U.S. Targeted Value Portfolio, U.S. Small Cap Value Portfolio, U.S. Core Equity 1 Portfolio, U.S. Core Equity 2 Portfolio, U.S. Vector Equity Portfolio, U.S. Small Cap Portfolio, U.S. Micro Cap Portfolio, DFA Real Estate Securities Portfolio, U.S. Large Cap Equity Portfolio, CSTG&E U.S. Social Core Equity 2 Portfolio, U.S. Social Core Equity 2 Portfolio, U.S. Sustainability Core 1 Portfolio, Tax Managed U.S. Equity Portfolio, Tax-Managed U.S. Targeted Value Portfolio, Tax-Managed U.S. Small Cap Portfolio, T.A. U.S. Core Equity 2 Portfolio, VA U.S. Targeted Value Portfolio, VA U.S. Large Value Portfolio, U.S. Large Cap Growth Portfolio, U.S. Small Cap Growth Portfolio, and U.S. High Relative Profitability Portfolio) and the International Equity Portfolios (Large Cap International Portfolio, International Core Equity Portfolio, DFA International Real Estate Securities Portfolio, DFA International Small Cap Value Portfolio, International Vector Equity Portfolio, World ex U.S. Targeted Value Portfolio, World ex U.S. Core Equity Portfolio, Emerging Markets Core Equity Portfolio, CSTG&E International Social Core Equity Portfolio, International Sustainability Core 1 Portfolio, International Social Core Equity Portfolio, Emerging Markets Social Core Equity Portfolio, Tax-Managed DFA International Value Portfolio, T.A. World ex U.S. Core Equity Portfolio, VA International Value Portfolio, VA International Small Portfolio, International Large Cap Growth Portfolio, International Small Cap Growth Portfolio, and International High Relative Profitability Portfolio), including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. 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 the International Equity Portfolios value the securities within the range 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 management 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 of the Fund. 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 Advisor) occur before the net asset value of the Portfolio is calculated. When fair value pricing is used, the prices of securities used by the Domestic Equity Portfolios and the International Equity Portfolios may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. 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 the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) 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 of the International Equity Portfolios 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, demonstrate that market quotations may be unreliable. 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). 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. These securities are generally categorized as Level 2 in the hierarchy. Debt securities held by Enhanced U.S. Large Company Portfolio, DFA Commodity Strategy Portfolio, DFA One-Year Fixed Income Portfolio, DFA Two-Year Global Fixed Income Portfolio, DFA Selectively Hedged Global Fixed Income Portfolio, DFA Short-Term Government Portfolio, DFA Five-Year Global Fixed Income Portfolio, DFA World ex U.S. Government Fixed Income, DFA Intermediate Government Fixed Income Portfolio, DFA Short-Term Extended Quality Portfolio, DFA Intermediate-Term Extended Quality Portfolio, DFA Targeted Credit Portfolio, DFA Investment Grade Portfolio, DFA Inflation-Protected Securities Portfolio, DFA Short-Term Municipal Bond Portfolio, DFA Intermediate-Term Municipal Bond Portfolio, DFA California Short-Term Municipal Bond Portfolio, DFA California Intermediate-Term Municipal Bond Portfolio, DFA NY Municipal Bond Fund, DFA Short-Duration Real Return Portfolio, DFA Municipal Real Return Portfolio, DFA Municipal Bond Portfolio, DFA LTIP Portfolio, VA Short-Term Fixed Portfolio, VA Global Bond Portfolio, VIT Inflation-Protected Securities Portfolio, DFA Social Fixed Income Portfolio, DFA Diversified Fixed Income Portfolio and DFA MN Municipal Bond Portfolio are valued on the basis of evaluated prices provided by one or more pricing services or other reasonably reliable sources including broker/dealers that typically handle the purchase and sale of such securities. Securities that are traded over-the-counter and on a stock exchange generally will be valued according to the broadest and most representative market, and it is expected that for bonds and other fixed income securities, this ordinarily will be the over-the-counter market. Securities for which quotations are not 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 of the Fund. These valuations are generally categorized as Level 2 in the hierarchy. Listed derivatives, such as futures, that are actively traded are valued based on quoted prices from the exchange and are categorized as Level 1 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy. Swap agreements will be valued at the price provided by an independent third-party pricing service or source. If a price is not available from an independent third-party pricing service or source, the swap agreement will be valued in good faith at fair value in accordance with procedures adopted by the Board. These securities are generally categorized as Level 2 in the hierarchy. A summary of the inputs used to value the Portfolios' investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Schedules of Investments for the Portfolios (except for the Feeder Funds). The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment's valuation changes. The Portfolios recognize transfers between the levels as of the end of the period. As of July 31, 2017, Emerging Markets Core Equity Portfolio and Emerging Markets Social Core Equity Portfolio had significant transfers of securities with a total value of $240,420 and $14,986 (in thousands), respectively, that transferred from Level 2 to Level 1 because fair value procedures were no longer applied. FINANCIAL INSTRUMENTS In accordance with the Portfolios' investment objectives and policies, the Portfolios may invest either directly or indirectly through their investment in a corresponding Master Fund, 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. TREASURY INFLATION-PROTECTED SECURITIES (TIPS): DFA LTIP Portfolio, DFA Diversified Fixed Income Portfolio, VIT Inflation-Protected Securities Portfolio, DFA Inflation-Protected Securities Portfolio, and DFA Short-Duration Real Return Portfolio may purchase TIPS, which are securities issued by the U.S. Treasury. Because the interest and/or principal payments on an inflation-protected security are adjusted periodically for changes in inflation, the income distributed by the Portfolio may be irregular. In addition, the current market value of inflation-protected securities is not guaranteed and will fluctuate. 2. FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, 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 of America. Consequently, acquisition and disposition of international securities held by the Portfolios may be inhibited. DERIVATIVE FINANCIAL INSTRUMENTS Summarized below are the specific types of derivative instruments used by the Portfolios: 3. FORWARD CURRENCY CONTRACTS: Certain Portfolios may acquire and sell forward currency contracts to hedge against adverse changes in the relationship of the U.S. dollar to foreign currencies (foreign exchange rate risk). The decision to hedge a Portfolio's currency exposure with respect to a foreign market will be based primarily on the Portfolio's existing exposure to a given foreign currency. Each contract is valued daily and the change in value is recorded by the Portfolio as an unrealized gain or loss, which is presented in the Statements of Operations as the change in unrealized appreciation or depreciation from translation of foreign-currency-denominated amounts. When the contract is closed or offset with the same counterparty, the Portfolio records a realized gain or loss equal to the change in the value of the contract when it was opened and the value at the time it was closed or offset. This is presented in the Statements of Operations as a net realized gain or loss on foreign currency transactions. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currency relative to the U.S. dollar. At July 31, 2017, the following Portfolios had outstanding forward currency contracts (amounts in thousands): ENHANCED U.S. LARGE COMPANY PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- --------------- --------------- -------- -------- ----------- 08/11/17 (2,002) Canadian Dollar Citibank, N.A. $(1,598) $(1,606) $ (8) 08/11/17 (2,141) Canadian Dollar Citibank, N.A. (1,712) (1,717) (5) State Street 08/11/17 (5,149) Canadian Dollar Bank and Trust (3,988) (4,131) (143) ------- ------- ----- $(7,298) $(7,454) $(156) ======= ======= =====
SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- ---------- -------------- ------------ --------- --------- ----------- State Street Bank Canadian and 08/03/17 (8,956) Dollar Trust $ (6,927) $ (7,184) $ (257) State Street Bank Denmark and 08/25/17 (13,785) Krone Trust (2,161) (2,197) (36) State Street Bank and 08/01/17 27,108 Euro Trust 31,810 32,090 280 UBS 08/01/17 (27,108) Euro AG (30,991) (32,090) (1,099) State Street Bank and 08/31/17 (27,987) Euro Trust (32,892) (33,180) (288) Hong Kong ANZ 08/04/17 (92,238) Dollar Securities (11,825) (11,810) 15 Japanese UBS 08/03/17 (3,056,382) Yen AG (27,039) (27,725) (686) Norwegian Citibank, 08/21/17 (7,726) Krone N.A. (959) (983) (24) State Street Bank Singapore and 08/21/17 (1,723) Dollar Trust (1,261) (1,272) (11) Swedish JP 08/22/17 (28,498) Krona Morgan (3,454) (3,534) (80) State Street Bank Swiss and 08/21/17 (6,660) Franc Trust (6,998) (6,895) 103 State Street Bank UK and 08/29/17 (14,070) Pound Sterling Trust (18,356) (18,580) (224) --------- --------- ------- $(111,053) $(113,360) $(2,307) ========= ========= =======
DFA COMMODITY STRATEGY PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- ---------------- --------------- -------- -------- ----------- 08/30/17 (5,963) Canadian Dollar Citibank, N.A. $(4,766) $(4,785) $(19) ------- ------- ---- $(4,766) $(4,785) $(19) ======= ======= ====
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- --------- ------------ --------- --------- ----------- Canadian 08/03/17 (5,140) Dollar JP Morgan $ (4,065) $ (4,123) $ (58) State Street Canadian Bank and 08/03/17 (10,076) Dollar Trust (7,777) (8,082) (305) State Street Canadian Bank and 08/03/17 (18,731) Dollar Trust (14,554) (15,024) (470) State Street Canadian Bank and 08/03/17 (20,329) Dollar Trust (15,686) (16,306) (620) State Street Canadian Bank and 08/03/17 (25,366) Dollar Trust (19,580) (20,347) (767) Canadian Barclays 08/03/17 (25,283) Dollar Capital (19,628) (20,280) (652) Canadian Barclays 08/03/17 (25,170) Dollar Capital (19,779) (20,189) (410) State Street Canadian Bank and 08/03/17 (30,236) Dollar Trust (23,326) (24,252) (926) Canadian Barclays 08/03/17 (35,959) Dollar Capital (27,841) (28,843) (1,002) Canadian 08/16/17 (10,132) Dollar HSBC Bank (8,013) (8,128) (115) Canadian 08/16/17 (10,277) Dollar UBS AG (8,078) (8,245) (167) Canadian Barclays 08/16/17 (174,515) Dollar Capital (136,874) (140,009) (3,135) State Street Canadian Bank and 08/18/17 (2,160) Dollar Trust (1,704) (1,734) (30) Canadian Barclays 08/18/17 (4,952) Dollar Capital (3,981) (3,973) 8 Canadian 08/18/17 (5,042) Dollar HSBC Bank (4,005) (4,045) (40) Canadian 08/18/17 (5,428) Dollar UBS AG (4,321) (4,355) (34) Canadian 08/18/17 (8,807) Dollar UBS AG (7,046) (7,066) (20) Canadian 08/18/17 (9,581) Dollar UBS AG (7,692) (7,687) 5 State Street Canadian Bank and 08/18/17 (20,385) Dollar Trust (16,272) (16,355) (83) State Street Canadian Bank and 08/18/17 (26,288) Dollar Trust (20,730) (21,091) (361) Canadian 08/18/17 (32,373) Dollar UBS AG (25,655) (25,973) (318) Canadian 08/18/17 (35,747) Dollar HSBC Bank (28,398) (28,679) (281) Canadian Citibank, 09/06/17 (4,893) Dollar N.A. (3,929) (3,927) 2 State Street Singapore Bank and 08/10/17 (25,623) Dollar Trust (18,347) (18,910) (563) Singapore 08/21/17 (15,170) Dollar HSBC Bank (10,951) (11,197) (246) Singapore 08/21/17 (15,487) Dollar JP Morgan (11,222) (11,431) (209) Singapore 08/22/17 (29,905) Dollar HSBC Bank (21,883) (22,073) (190) Singapore 09/22/17 (30,900) Dollar HSBC Bank (22,610) (22,818) (208) Singapore 10/06/17 (14,936) Dollar JP Morgan (10,813) (11,032) (219) Singapore 10/12/17 (20,000) Dollar HSBC Bank (14,598) (14,773) (175) State Street Singapore Bank and 10/13/17 (21,111) Dollar Trust (15,413) (15,595) (182)
Royal Singapore Bank of 10/24/17 (30,084) Dollar Scotland (22,170) (22,227) (57) UK Citibank, 08/07/17 (3,042) Pound Sterling N.A. (3,930) (4,015) (85) UK Citibank, 08/31/17 (3,173) Pound Sterling N.A. (4,177) (4,191) (14) --------- --------- -------- $(585,048) $(596,975) $(11,927) ========= ========= ========
DFA SELECTIVELY HEDGED GLOBAL FIXED INCOME PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- --------- ------------ -------- -------- ----------- State Street Canadian Bank and 08/28/17 (10,284) Dollar Trust $ (8,227) $ (8,252) $ (25) ANZ 10/20/17 (2,314) Euro Securities (2,707) (2,751) (44) 10/20/17 (13,726) Euro UBS AG (15,958) (16,318) (360) New Zealand ANZ 08/03/17 60,673 Dollar Securities 43,981 45,565 1,584 New Zealand ANZ 08/07/17 65,493 Dollar Securities 47,640 49,181 1,541 Royal Singapore Bank of 08/23/17 (10,189) Dollar Scotland (7,452) (7,521) (69) National Swedish Australia 08/07/17 (6,347) Krona Bank Ltd. (773) (786) (13) Swedish 08/07/17 (17,018) Krona UBS AG (2,052) (2,108) (56) Swedish Barclays 08/07/17 (81,596) Krona Capital (9,826) (10,109) (283) Swedish 08/07/17 (354,881) Krona JP Morgan (42,124) (43,967) (1,843) -------- -------- ------- $ 2,502 $ 2,934 $ 432 ======== ======== =======
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- --------- ------------ -------- -------- ----------- Canadian Barclays 08/09/17 (14,633) Dollar Capital $(11,574) $(11,739) $(165) Canadian 08/09/17 (16,995) Dollar UBS AG (13,161) (13,634) (473) Canadian 08/09/17 (18,438) Dollar UBS AG (14,805) (14,791) 14 Canadian Barclays 08/09/17 (23,698) Dollar Capital (18,283) (19,011) (728) Canadian 08/09/17 (24,756) Dollar UBS AG (19,442) (19,859) (417) Canadian Barclays 08/09/17 (30,153) Dollar Capital (23,410) (24,188) (778) State Street Canadian Bank and 08/09/17 (31,515) Dollar Trust (24,848) (25,281) (433) Canadian 08/18/17 (8,933) Dollar UBS AG (7,145) (7,167) (22) Canadian Citibank, 08/18/17 (10,033) Dollar N.A. (8,028) (8,049) (21) Canadian Barclays 08/18/17 (23,789) Dollar Capital (19,125) (19,086) 39 Canadian 08/18/17 (30,939) Dollar UBS AG (24,520) (24,822) (302) Canadian Barclays 08/18/17 (100,000) Dollar Capital (79,440) (80,230) (790) Canadian 08/22/17 (19,968) Dollar UBS AG (15,896) (16,022) (126)
State Street 08/22/17 (40,579) Canadian Dollar Bank and Trust (32,390) (32,559) (169) Barclays 08/22/17 (101,453) Canadian Dollar Capital (80,600) (81,401) (801) 08/21/17 (30,185) Euro Citibank, N.A. (34,820) (35,769) (949) 08/21/17 (36,200) Euro Citibank, N.A. (42,208) (42,896) (688) Barclays 08/21/17 (60,283) Euro Capital (69,782) (71,433) (1,651) 09/22/17 (340) Euro Citibank, N.A. (389) (403) (14) 09/22/17 (2,711) Euro Citibank, N.A. (3,120) (3,218) (98) 09/22/17 (4,103) Euro Citibank, N.A. (4,695) (4,870) (175) State Street 09/22/17 (4,393) Euro Bank and Trust (5,036) (5,214) (178) 09/22/17 (9,738) Euro Citibank, N.A. (11,101) (11,559) (458) 09/22/17 (96,271) Euro Citibank, N.A. (108,294) (114,276) (5,982) State Street 10/02/17 (21,944) Euro Bank and Trust (26,046) (26,062) (16) 10/11/17 (3,480) Euro Citibank, N.A. (4,015) (4,136) (121) 10/11/17 (4,270) Euro Citibank, N.A. (4,900) (5,074) (174) 10/11/17 (14,419) Euro UBS AG (17,015) (17,133) (118) Royal Bank of 10/11/17 (25,887) Euro Scotland (30,331) (30,760) (429) State Street 10/11/17 (79,450) Euro Bank and Trust (91,607) (94,407) (2,800) State Street 10/12/17 (4,082) Euro Bank and Trust (4,677) (4,851) (174) 10/12/17 (17,472) Euro UBS AG (20,573) (20,762) (189) 10/12/17 (22,842) Euro Citibank, N.A. (26,676) (27,144) (468) 10/12/17 (80,000) Euro UBS AG (92,254) (95,066) (2,812) Singapore 08/02/17 22,232 Dollar HSBC Bank 16,386 16,407 21 Singapore State Street 08/02/17 (22,232) Dollar Bank and Trust (15,797) (16,406) (609) Singapore 08/22/17 (16,553) Dollar HSBC Bank (12,112) (12,218) (106) Singapore 09/07/17 (10,299) Dollar HSBC Bank (7,464) (7,603) (139) Morgan Stanley Singapore and Co. 09/07/17 (15,394) Dollar International (11,144) (11,365) (221) Singapore State Street 09/20/17 (25,437) Dollar Bank and Trust (18,598) (18,783) (185) Singapore 09/22/17 (21,485) Dollar HSBC Bank (15,722) (15,866) (144) Singapore Royal Bank of 09/29/17 (22,511) Dollar Scotland (16,317) (16,625) (308) Singapore State Street 10/02/17 (22,662) Dollar Bank and Trust (16,395) (16,738) (343) Singapore Royal Bank of 10/12/17 (24,418) Dollar Scotland (17,748) (18,037) (289) Singapore State Street 10/13/17 (18,706) Dollar Bank and Trust (13,654) (13,818) (164) Singapore 10/24/17 (22,041) Dollar HSBC Bank (16,263) (16,284) (21) Barclays 08/03/17 (63,041) Swedish Krona Capital (7,678) (7,809) (131) Barclays 08/03/17 (150,548) Swedish Krona Capital (18,031) (18,647) (616)
State Street Swedish Bank and 08/03/17 (289,846) Krona Trust (35,721) (35,902) (181) State Street Swedish Bank and 08/03/17 (309,818) Krona Trust (36,806) (38,375) (1,569) Morgan Stanley Swedish and Co. 08/03/17 (818,814) Krona International (97,037) (101,422) (4,385) Swedish ANZ 08/04/17 (375,586) Krona Securities (44,712) (46,524) (1,812) State Street Swedish Bank and 08/04/17 (435,167) Krona Trust (51,730) (53,905) (2,175) Morgan Stanley Swedish and Co. 08/04/17 (815,000) Krona International (96,557) (100,955) (4,398) Swedish 09/29/17 (218,537) Krona JP Morgan (25,996) (27,156) (1,160) State Street Swedish Bank and 09/29/17 (310,843) Krona Trust (37,070) (38,626) (1,556) State Street Swedish Bank and 09/29/17 (402,574) Krona Trust (48,102) (50,025) (1,923) State Street Swedish Bank and 09/29/17 (453,228) Krona Trust (53,647) (56,319) (2,672) Swedish ANZ 10/02/17 (184,692) Krona Securities (22,946) (22,954) (8) ----------- ----------- -------- $(1,711,067) $(1,758,827) $(47,760) =========== =========== ========
DFA WORLD EX U.S. GOVERNMENT FIXED INCOME PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- ---------- -------- ------------ --------- --------- ----------- State Street Canadian Bank and 08/02/17 110,993 Dollar Trust $ 89,060 $ 89,026 $ (34) Canadian 08/02/17 3,346 Dollar JP Morgan 2,658 2,684 26 Canadian Citibank, 08/02/17 2,077 Dollar N.A. 1,602 1,666 64 Canadian Citibank, 08/02/17 1,701 Dollar N.A. 1,308 1,364 56 Canadian Citibank, 08/02/17 1,290 Dollar N.A. 957 1,034 77 Canadian Citibank, 08/02/17 (219) Dollar N.A. (163) (176) (13) State Street Canadian Bank and 08/02/17 (1,988) Dollar Trust (1,473) (1,595) (122) Canadian ANZ 08/02/17 (2,879) Dollar Securities (2,138) (2,309) (171) Canadian 08/02/17 (114,320) Dollar JP Morgan (83,374) (91,696) (8,322) State Street Canadian Bank and 09/05/17 (109,699) Dollar Trust (88,069) (88,034) 35 Bank of Denmark America 10/05/17 (224,298) Krone Corp. (34,516) (35,832) (1,316) Citibank, 09/28/17 1,030 Euro N.A. 1,195 1,223 28 Barclays 09/28/17 (88,276) Euro Capital (101,098) (104,822) (3,724) 10/03/17 (87,007) Euro UBS AG (99,568) (103,344) (3,776) Citibank, 10/04/17 1,782 Euro N.A. 2,088 2,117 29 10/04/17 (84,883) Euro UBS AG (97,419) (100,826) (3,407) 10/24/17 (85,662) Euro UBS AG (100,224) (101,858) (1,634) Japanese Citibank, 08/02/17 (17,908) Yen N.A. (162) (162) -- Japanese Citibank, 10/05/17 (8,633,017) Yen N.A. (75,914) (78,538) (2,624)
Bank of Norwegian America 08/16/17 457 Krone Corp. 58 58 -- Norwegian 08/16/17 (44,485) Krone JP Morgan (5,375) (5,659) (284) Singapore Barclays 09/22/17 (23,447) Dollar Capital (17,154) (17,314) (160) State Street Singapore Bank and 10/13/17 (24,246) Dollar Trust (17,698) (17,910) (212) Swedish Barclays 08/08/17 5,596 Krona Capital 675 693 18 Swedish Barclays 08/08/17 4,211 Krona Capital 520 522 2 Swedish 08/08/17 (370,523) Krona JP Morgan (43,894) (45,907) (2,013) UK Citibank, 08/02/17 (486) Pound Sterling N.A. (641) (641) -- UK 08/07/17 (1,712) Pound Sterling JP Morgan (2,252) (2,260) (8) UK 08/07/17 (36,883) Pound Sterling UBS AG (47,636) (48,671) (1,035) State Street UK Bank and 08/29/17 (90,678) Pound Sterling Trust (118,287) (119,746) (1,459) --------- --------- -------- $(836,934) $(866,913) $(29,979) ========= ========= ========
DFA SHORT-TERM EXTENDED QUALITY PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- --------- ------------ --------- --------- ----------- State Street Canadian Bank and 08/23/17 (9,817) Dollar Trust $ (7,837) $ (7,877) $ (40) Canadian 08/23/17 (49,729) Dollar HSBC Bank (39,454) (39,901) (447) Citibank, 09/22/17 (629) Euro N.A. (729) (745) (16) Citibank, 09/22/17 (4,260) Euro N.A. (4,986) (5,057) (71) 09/22/17 (28,282) Euro UBS AG (32,530) (33,571) (1,041) Swedish 08/04/17 (41,450) Krona UBS AG (5,049) (5,135) (86) Swedish 08/04/17 (156,201) Krona UBS AG (18,835) (19,349) (514) Swedish 08/04/17 (493,403) Krona JP Morgan (58,116) (61,119) (3,003) --------- --------- ------- $(167,536) $(172,754) $(5,218) ========= ========= =======
DFA TARGETED CREDIT PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- ----------- ------------ -------- -------- ----------- Canadian Citibank, 08/10/17 (1,126) Dollar N.A. $ (872) $ (903) $ (31) Canadian Citibank, 08/10/17 (1,976) Dollar N.A. (1,535) (1,586) (51) Citibank, 10/20/17 (930) Euro N.A. (1,095) (1,105) (10) Citibank, 10/20/17 (1,015) Euro N.A. (1,185) (1,206) (21) Citibank, 10/20/17 (8,615) Euro N.A. (10,017) (10,242) (225) -------- -------- ----- $(14,704) $(15,042) $(338) ======== ======== =====
DFA INVESTMENT GRADE PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- --------- ------------ -------- --------- ----------- State Street Canadian Bank and 08/22/17 (31,361) Dollar Trust $(24,885) $ (25,162) $ (277) State Street Bank and 10/20/17 (11,683) Euro Trust (13,568) (13,889) (321) Swedish 08/22/17 (496,221) Krona JP Morgan (59,970) (61,529) (1,559) -------- --------- ------- $(98,423) $(100,580) $(2,157) ======== ========= =======
DFA SHORT-DURATION REAL RETURN PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- ----------- ------------ -------- -------- ----------- Canadian Barclays 08/02/17 12,916 Dollar Capital $ 10,363 $ 10,360 $ (3) Canadian ANZ 08/02/17 (1,297) Dollar Securities (1,000) (1,040) (40) Canadian ANZ 08/02/17 (2,357) Dollar Securities (1,820) (1,891) (71) Canadian ANZ 08/02/17 (2,925) Dollar Securities (2,349) (2,346) 3 Canadian Citibank, 08/02/17 (6,338) Dollar N.A. (5,070) (5,083) (13) Canadian Barclays 09/01/17 (10,242) Dollar Capital (8,238) (8,219) 19 Canadian Barclays 09/05/17 (12,929) Dollar Capital (10,379) (10,376) 3 Citibank, 10/24/17 (16,097) Euro N.A. (18,831) (19,141) (310) Singapore ANZ 10/17/17 (5,065) Dollar Securities (3,707) (3,741) (34) Swedish Barclays 10/11/17 (24,601) Krona Capital (2,975) (3,059) (84) Swedish Citibank, 10/11/17 (40,097) Krona N.A. (4,903) (4,986) (83) Swedish Citibank, 10/11/17 (359,475) Krona N.A. (42,992) (44,699) (1,707) -------- -------- ------- $(91,901) $(94,221) $(2,320) ======== ======== =======
VA GLOBAL BOND PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- ------------- -------------- -------- -------- ----------- Canadian State Street 08/18/17 (2,630) Dollar Bank and Trust $(2,074) $(2,110) $ (36) Canadian Barclays 08/18/17 (8,745) Dollar Capital (6,947) (7,016) (69) 10/11/17 (491) Euro Citibank, N.A. (570) (584) (14) 10/11/17 (820) Euro Citibank, N.A. (960) (975) (15) 10/11/17 (838) Euro Citibank, N.A. (989) (997) (8) 10/11/17 (854) Euro Citibank, N.A. (1,000) (1,014) (14) 10/11/17 (1,108) Euro Citibank, N.A. (1,269) (1,316) (47) 10/11/17 (1,712) Euro Citibank, N.A. (1,999) (2,034) (35) State Street 10/11/17 (6,605) Euro Bank and Trust (7,612) (7,848) (236)
09/22/17 Singapore Barclays (4,621) Dollar Capital (3,380) (3,412) (32) 08/03/17 (7,084) Swedish Krona Citibank, N.A. (849) (878) (29) 08/03/17 (11,354) Swedish Krona JP Morgan (1,369) (1,406) (37) 08/03/17 (16,810) Swedish Krona Citibank, N.A. (2,001) (2,082) (81) 08/03/17 Royal Bank of (65,268) Swedish Krona Scotland (7,687) (8,084) (397) -------- -------- ------- $(38,706) $(39,756) $(1,050) ======== ======== =======
DFA SOCIAL FIXED INCOME PORTFOLIO
UNREALIZED VALUE AT FOREIGN SETTLEMENT CURRENCY CONTRACT JULY 31, EXCHANGE DATE AMOUNT** CURRENCY COUNTERPARTY AMOUNT 2017 GAIN (LOSS) ---------- -------- ------------- ------------ -------- -------- ----------- 08/23/17 Canadian Citibank, (361) Dollar N.A. $ (286) $ (289) $ (3) 10/12/17 Citibank, (224) Euro N.A. (258) (267) (9) 08/30/17 Citibank, (13,404) Swedish Krona N.A. (1,634) (1,663) (29) ------- ------- ---- $(2,178) $(2,219) $(41) ======= ======= ====
** Positive Currency Amount represents a purchase contract and a Currency Amount in parentheses represents a sale contract. 4. FUTURES CONTRACTS: The Portfolios may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolios. The Portfolios, however, do not intend to sell futures contracts to establish short positions in individual securities. The Enhanced U.S. Large Company Portfolio may also use futures contracts and options thereon to hedge against securities prices or as part of its overall investment strategy. The Selectively Hedged Global Equity Portfolio may also use futures contracts to hedge some or all of the currency exposure of its foreign securities. Upon entering into a futures contract, the Portfolios deposit cash or pledge 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 Portfolios as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolios record a realized gain or loss, which is presented in the Statements 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. The DFA Commodity Strategy Portfolio may enter into commodity, foreign currency, interest rate and commodity or securities index futures contracts and purchase and write (sell) related options traded on exchanges designated by the Commodity Futures Trading Commission ("CFTC") or, consistent with CFTC regulations, on foreign exchanges. The DFA Commodity Strategy Portfolio invests in futures contracts on individual commodities or commodity indices and options on them through the Portfolio's investment in the Dimensional Cayman Commodity Fund I, LTD., the "Subsidiary." A commodity futures contract provides for the future sale by one party and the future purchase by the other party of a specified amount of a commodity, such as an energy, agricultural or metal commodity, at a specified price, date, time and place. A foreign currency futures contract provides for the future sale by one party and the future purchase by the other party of a certain amount of a specified non-U.S. currency at a specified price, date, time and place. An interest rate futures contract provides for the future sale by one party and the purchase by the other party of a certain amount of a specific interest-rate-sensitive financial instrument (debt security) at a specified price, date, time and place. Securities and commodities indexes are typically capitalization-or production-weighted, respectively. A securities index or commodities index futures contract is an agreement to be settled by delivery of an amount of cash equal to a specified multiplier times the difference between the value of the index at the close of the last trading day on the contract and the price at which the agreement is made. The clearing house of the exchange on which a futures contract is entered into becomes the counterparty to each purchaser and seller of the futures contract. Payments, known as "variation margin", to and from the broker will be made daily as the currency, financial instrument or index underlying the futures contract fluctuates, making the long and short positions in the futures contract more or less valuable, a process known as "marking-to-market". As a result of the small margin deposit that is required, a small change in the market price of a futures contract can produce major losses. At any time prior to the expiration of a futures contract, a Portfolio may elect to close the position by taking an opposite position, which will operate to terminate the Portfolio's existing position in the contract. Positions in futures contracts and options on futures contracts (described below) may be closed out only on the exchange on which they were entered into (or through a linked exchange). However, there is no assurance that an active market will exist at any particular time. Once the daily fluctuation limit has been reached in a particular contract, most futures exchanges restrict trades at a price beyond that limit or trading may be suspended for specified periods during the day. Such restrictions may prevent prompt liquidation of futures positions at an advantageous price and subject the Portfolio to substantial losses. In such event and in the event of adverse price movements, the Portfolio would be required to make daily cash payments of variation margin. Losses incurred in futures transactions and the costs of these transactions will affect the Portfolio's performance. The price volatility of commodity futures contracts has been historically greater than that for traditional securities, such as stocks and bonds, and there is a variety of factors associated with commodity futures contracts which may subject the Portfolio's investments in the contracts to greater volatility than investments in traditional securities. Risks may arise upon entering into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities or indices, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolios could lose more than the initial margin requirements. The Portfolios 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. Risks may also arise upon entering into commodity-linked derivative instruments. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates or factors affecting an industry or commodity. 5. OPTIONS ON FUTURES CONTRACTS: The DFA Commodity Strategy Portfolio may purchase and write put and call options on foreign currency, interest rate and stock and commodity index futures contracts and may enter into closing transactions with respect to such options to terminate existing positions. There is no guarantee that such closing transactions can be effected; the ability to establish and close out positions on such options will be subject to the existence of a liquid market. An option on a currency, interest rate or commodity or securities index futures contract, as contrasted with the direct investment in such a contract, gives the purchaser the right, in return for the premium paid, to assume a position in a futures contract at a specified exercise price at any time prior to the expiration date of the option. The writer of the option is required upon exercise to assume an offsetting futures position (a short position if the option is a call and a long position if the option is a put). Upon exercise of an option, the delivery of the futures position by the writer of the option to the holder of the option will be accompanied by delivery of the accumulated balance in the writer's futures margin account, which represents the amount by which the market price of the futures contract exceeds, in the case of a call, or is less than, in the case of a put, the exercise price of the option on the futures contract. The potential loss related to the purchase of an option on a futures contract is limited to the premium paid for the option (plus transaction costs). The value of the option changes daily and that change would be reflected in the net asset value of the Portfolio. The DFA Commodity Strategy Portfolio may enter into options and futures transactions for several purposes, including generating current income to offset expenses or increase return and as hedges to reduce investment risk, generally by making an investment expected to move in the opposite direction of a portfolio position. A hedge is designed to offset a loss in a portfolio position with a gain in the hedged position; at the same time, however, a properly correlated hedge will result in a gain in the portfolio position being offset by a loss in the hedged position. At July 31, 2017, the following Portfolios had outstanding futures contracts (dollar amounts in thousands): NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- Enhanced U.S. Large S&P 500 Company Emini Portfolio Index(R) 09/15/17 2,366 $291,964 $8,444 $ -- -------- ------ ------ $291,964 $8,444 $ -- ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- U.S. Targeted S&P 500 Value Emini Portfolio Index(R) 09/15/17 723 $ 89,218 $1,377 $3,037 -------- ------ ------ $ 89,218 $1,377 $3,037 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- U.S. Small Cap S&P 500 Value Emini Portfolio Index(R) 09/15/17 1,040 $128,336 $1,660 $4,368 -------- ------ ------ $128,336 $1,660 $4,368 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- U.S. Core S&P 500 Equity 1 Emini Portfolio Index(R) 09/15/17 1,245 $153,633 $2,380 $5,229 -------- ------ ------ $153,633 $2,380 $5,229 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- U.S. Core S&P 500 Equity 2 Emini Portfolio Index(R) 09/15/17 1,385 $170,909 $2,401 $5,817 -------- ------ ------ $170,909 $2,401 $5,817 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- U.S. Vector S&P 500 Equity Emini Portfolio Index(R) 09/15/17 295 $ 36,403 $ 575 $1,239 -------- ------ ------ $ 36,403 $ 575 $1,239 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- U.S. Small Cap Russell 2000 Portfolio Index (R) 09/15/17 1,104 $ 78,627 $ 329 $1,300 U.S. Small S&P 500 Cap Emini Portfolio Index(R) 09/15/17 723 89,218 1,377 5,435 -------- ------ ------ $167,845 $1,706 $6,735 ======== ====== ======
NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- U.S. Micro Cap Russell 2000 Portfolio Index(R) 09/15/17 318 $ 22,648 $ 95 $ 983 U.S. Micro S&P Cap 500 Portfolio Emini Index(R) 09/15/17 250 30,850 109 1,132 -------- ------ ------ $ 53,498 $ 204 $2,115 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- DFA Real S&P Estate 500 Securities Emini Portfolio Index(R) 09/15/17 366 $ 45,164 $ 570 $1,537 -------- ------ ------ $ 45,164 $ 570 $1,537 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- Large Cap Mini International MSCI Portfolio EAFE Index(R) 09/15/17 85 $ 8,240 $ 232 $ 437 Large Cap S&P International 500 Portfolio Emini Index(R) 09/15/17 226 27,889 431 810 -------- ------ ------ $ 36,129 $ 663 $1,247 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- International Core S&P Equity 500 Portfolio Emini Index(R) 09/15/17 1,420 $175,228 $2,065 $5,964 -------- ------ ------ $175,228 $2,065 $5,964 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- International Small S&P Company 500 Portfolio Emini Index(R) 09/15/17 675 $ 83,295 $1,333 $2,835 -------- ------ ------ $ 83,295 $1,333 $2,835 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ------------ ---------- --------- -------- ---------- ---------- DFA International Real S&P Estate 500 Securities Emini Portfolio Index(R) 09/15/17 375 $ 46,275 $ (41) $2,184 -------- ------ ------ $ 46,275 $ (41) $2,184 ======== ====== ======
NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ----------- ---------- --------- -------- ---------- ---------- DFA Global Real S&P Estate 500 Securities Emini Portfolio Index(R) 09/15/17 413 $ 50,964 $ (47) $2,953 -------- ------ ------ $ 50,964 $ (47) $2,953 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ----------- ---------- --------- -------- ---------- ---------- DFA International Small S&P Cap 500 Value Emini Portfolio Index(R) 09/15/17 763 $ 94,154 $1,504 $3,205 -------- ------ ------ $ 94,154 $1,504 $3,205 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ----------- ---------- --------- -------- ---------- ---------- Selectively Hedged S&P Global 500 Equity Emini Portfolio Index(R) 09/15/17 180 $ 22,212 $ 335 $ 756 -------- ------ ------ $ 22,212 $ 335 $ 756 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ----------- ---------- --------- -------- ---------- ---------- Emerging Mini Markets MSCI Core Emerging Equity Markets Portfolio Index (R) 09/15/17 650 $ 34,596 $2,011 $5,568 Emerging Markets S&P Core 500 Equity Emini Portfolio Index(R) 09/15/17 1,048 129,323 1,111 3,074 -------- ------ ------ $163,919 $3,122 $8,642 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ----------- ---------- --------- -------- ---------- ---------- Tax-Managed S&P U.S. 500 Equity Emini Portfolio Index(R) 09/15/17 205 $ 25,297 $ 391 $ 861 -------- ------ ------ $ 25,297 $ 391 $ 861 ======== ====== ====== NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL ----------- ---------- --------- -------- ---------- ---------- Tax-Managed Mini DFA MSCI International EAFE Value Index Portfolio (R) 09/15/17 65 $ 6,301 $ 209 $ 364 Tax-Managed S&P DFA 500 International Emini Value Index(R) Portfolio 09/15/17 138 17,030 253 443 -------- ------ ------ $ 23,331 $ 462 $ 807 ======== ====== ======
At July 31, 2017, the Subsidiary had the following outstanding commodity-linked futures contracts (dollar amounts in thousands): NUMBER UNREALIZED EXPIRATION OF CONTRACT GAIN DESCRIPTION DATE CONTRACTS AMOUNT (LOSS) ----------- ---------- --------- -------- ---------- Brent Crude Oil Futures 09/29/17 111 $ 5,869 $ 465 Coffee 'C' Futures 09/19/17 36 1,880 141 Copper Futures 09/27/17 97 7,012 607 Corn Futures 09/14/17 337 6,247 (109) Cotton No.2 Futures 12/06/17 32 1,102 (5) Gasoline RBOB Futures 08/31/17 44 3,098 336 Gold 100 Oz Futures 12/27/17 77 9,806 223 KC HRW Wheat Futures 09/14/17 44 1,044 (29) LME Nickel Futures 09/18/17 66 4,036 469 LME Nickel Futures 09/18/17 (32) (1,957) (234) LME Prime Aluminum Futures 09/18/17 172 8,207 (21) LME Prime Aluminum Futures 09/18/17 (85) (4,056) 17 LME Zinc Futures 09/18/17 67 4,673 301 LME Zinc Futures 09/18/17 (34) (2,371) (40) Lean Hogs Futures 10/13/17 67 1,769 (95) Live Cattle Futures 10/31/17 70 3,135 (91) NY Harbor USLD Futures 08/31/17 43 3,011 352 Natural Gas Futures 08/29/17 197 5,504 (438) Silver Futures 09/27/17 41 3,441 (1) Soybean Futures 11/14/17 95 4,784 299 Soybean Meal Futures 12/14/17 76 2,473 117 Soybean Oil Futures 12/14/17 109 2,298 167 Sugar #11 Futures 09/29/17 119 1,987 141 WTI Crude Futures 08/22/17 106 5,318 411 Wheat Futures (cbt) 09/14/17 127 3,013 (35) ------- ------ $81,323 $2,948 ------- ------ Securities have been segregated as collateral for open futures contracts. 6. COMMODITY-LINKED DERIVATIVES: DFA Commodity Strategy Portfolio may gain exposure to commodity markets by investing up to 25% of the Portfolio's total assets in the Subsidiary. The Subsidiary may invest without limitation in swap agreements, commodity options, futures, options on futures and structured notes. The prices of commodity-linked derivative instruments may move in different directions than investments in traditional equity securities, fixed income securities and commodity spot prices. The accompanying consolidated schedule of investments includes investments of DFA Commodity Strategy Portfolio and its wholly-owned Subsidiary. As of July 31, 2017, the DFA Commodity Strategy Portfolio held $385,339,492 in the Subsidiary, representing 23.06% of DFA Commodity Strategy Portfolio's total assets. At July 31, 2017, the Subsidiary had the following outstanding total return index swaps (dollar amounts in thousands): UNREALIZED COMMODITY EXPIRATION NOTIONAL APPRECIATION COUNTERPARTY EXPOSURE DATE CURRENCY AMOUNT (DEPRECIATION) ------------ --------- ---------- -------- ----------- -------------- Bank of America Corp. Index** 09/29/17 USD (189,562) $ 343 Bank of America Corp. Index** 09/29/17 USD (151,027) 305 Citibank, N.A. Index** 09/29/17 USD (205,936) 416 Citibank, N.A. Index** 09/29/17 USD (213,466) 386 Credit Suisse Index** 08/31/17 USD (218,774) 253 Credit Suisse Index** 08/31/17 USD (181,614) 178 Deutsche Bank AG, London Branch Index** 08/31/17 USD (73,979) 71 Union Bank of Switzerland Index** 10/31/17 USD (253,080) 460 Union Bank of Switzerland Index** 10/31/17 USD (99,568) 201 ----------- ------ $(1,587,006) $2,613 =========== ====== ** Swap is exposed to the 22 commodities in the Dow Jones-UBS Commodity Index. 7. SWAP AGREEMENTS: The DFA Short-Duration Real Return Portfolio and DFA Municipal Real Return Portfolio may enter into credit default swap agreements. Swap agreements are two-party contracts entered into primarily by institutional investors for periods ranging from a few weeks to more than one year. Some types of swap agreements are negotiated bilaterally and traded over-the-counter between the two parties (uncleared swaps), while other swaps are transacted through a futures commission merchant ("FCM") and cleared through a clearinghouse that serves as a central counterparty (cleared swaps), and may be traded on swap execution facilities (exchanges). The most common types of credit default swaps and interest rate swaps are subject to mandatory central clearing and exchange trading. The Portfolios may enter into a credit default swap on a single security or instrument (sometimes referred to as a "CDS" transaction) or on a basket or index of securities (sometimes referred to as a "CDX" transaction). The "buyer" in a credit default contract typically is obligated to pay the "seller" a periodic stream of payments over the term of the contract, provided that no credit event with respect to any underlying reference obligation has occurred. If a credit event occurs, the seller typically must pay the buyer the "par value" (full notional value) of the reference obligation in exchange for the reference obligation. The Portfolios may be either the buyer or the seller in the transaction. If a Portfolio is a buyer and no credit event occurs, the Portfolio may lose its investment and recover nothing. However, if a credit event occurs, the buyer typically receives full notional value for a reference obligation that may have little or no value. As a seller, a Portfolio typically receives a fixed rate of income throughout the term of the contract, which typically is between six months and three years, provided a credit event does not occur. If a credit event occurs, the seller typically must pay the buyer the full notional amount of the reference obligation. The most common types of CDX are subject to mandatory central clearing and exchange-trading. Credit default swaps involve greater risks than if the Portfolios had invested in the reference obligation directly, since, in addition to general market risks, credit default swaps are subject to illiquidity risk, counterparty risk and credit risk. A buyer also will lose its investment and recover nothing should no credit event occur and the swap is held to its termination date. If a credit event were to occur, the value of any deliverable obligation received by the seller, coupled with the up-front or periodic payments previously received, may be less than the full notional value the seller pays to the buyer, resulting in a loss of value to the Portfolio. When a Portfolio acts as a seller of a credit default swap, the Portfolio is exposed to many of the same risks of leverage since, if a credit event occurs, the seller may be required to pay the buyer the full notional value of the contract net of any amounts owed by the buyer related to its delivery of deliverable obligations. The DFA Short-Duration Real Return Portfolio and DFA Municipal Real Return Portfolio may also enter into inflation swap agreements to seek inflation protection. Inflation swap agreements are contracts in which one party agrees to pay the cumulative percentage increase in a price index (the Consumer Price Index with respect to CPI swaps) over the term of the swap (with some lag on the inflation index), and the other pays a compounded fixed rate. Inflation swap agreements may be used by the DFA Short-Duration Real Return Portfolio and DFA Municipal Real Return Portfolio to hedge the inflation risk in nominal bonds (i.e., non-inflation-indexed bonds) thereby creating "synthetic" inflation-indexed bonds. Among other reasons, one factor that may lead to changes in the values of inflation swap agreements are changes in real interest rates. Real interest rates are tied to the relationship between nominal interest rates and the rate of inflation. If nominal interest rates increase at a faster rate than inflation, real interest rates may rise, which may lead to a change in the value of an inflation swap agreement. Additionally, payments received by the DFA Short-Duration Real Return Portfolio and DFA Municipal Real Return Portfolio from inflation swap agreements will result in taxable income, either as ordinary income or capital gains, which will increase the amount of taxable distributions received by shareholders. Inflation swap agreements are not currently subject to mandatory central clearing and exchange-trading. The DFA Municipal Real Return Portfolio may also enter into interest rate swaps to hedge against changes in interest rates. Interest rate swaps involve the exchange by the Portfolio with another party of their respective commitments to receive or pay interest (e.g., an exchange of fixed rate payments for floating rate payments) with respect to a notional amount of principal. Uncleared swaps are typically executed bilaterally with a swap dealer rather than traded on exchanges. Parties to uncleared swaps face greater counterparty credit risk than those engaging in cleared swaps since performance of uncleared swap obligations is the responsibility only of the swap counterparty rather than a clearing house, as is the case with cleared swaps. As a result, a Portfolio bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default, insolvency or bankruptcy of a swap agreement counterparty beyond any collateral received. In such an event, the Portfolio will have contractual remedies pursuant to the swap agreements, but bankruptcy and insolvency laws could affect the Portfolio's rights as a creditor. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Dodd-Frank Act") and implementing rules adopted by the CFTC currently require the clearing and exchange-trading of the most common types of credit default index swaps and interest rate swaps, and it is expected that additional categories of swaps will in the future be designated as subject to mandatory clearing and trade execution requirements. Central clearing is intended to reduce counterparty credit risk and increase liquidity, but central clearing does not eliminate these risks completely. There is also a risk of loss by a Portfolio of the initial and variation margin deposits in the event of bankruptcy of the FCM with which the Portfolio has an open position, or the central counterparty in a swap contract. The assets of a Portfolio may not be fully protected in the event of the bankruptcy of the FCM or central counterparty because the Portfolio might be limited to recovering only a pro rata share of all available funds and margin segregated on behalf of an FCM's customers. The Advisor and the Fund do not believe that a Portfolio's obligations under swap contracts are senior securities and, accordingly, the Portfolio will not treat them as being subject to the Portfolio's borrowing or senior securities restrictions. However, with respect to swap contracts that provide for the netting of payments, the net amount of the excess, if any, of the Portfolio's obligations over its entitlements with respect to each swap contract will be accrued on a daily basis and an amount of segregated assets having an aggregate market value at least equal to the accrued excess will be maintained to cover the transactions in accordance with SEC positions. With respect to swap contracts that do not provide for the netting of payments by the counterparties, the full notional amount for which the Portfolio is obligated under the swap contract with respect to each swap contract will be accrued on a daily basis and assets having an aggregate market value at least equal to the accrued full notional value will be segregated and maintained to cover the transactions in accordance with SEC positions. To the extent that a Portfolio cannot dispose of a swap in the ordinary course of business within seven days at approximately the value at which the Portfolio has valued the swap, the Portfolio will treat the swap as illiquid and subject to its overall limit on illiquid investments of 15% of the Portfolio's net assets. The Dodd-Frank Act and related regulatory developments have imposed comprehensive new regulatory requirements on swaps and swap market participants. The regulation of cleared and uncleared swaps, as well as other derivatives, is a rapidly changing area of law and is subject to modification by government and judicial action. In addition, the SEC, CFTC and the exchanges are authorized to take extraordinary actions in the event of a market emergency, including, for example, the implementation or reduction of speculative position limits, the implementation of higher margin requirements, the establishment of daily price limits and the suspension of trading. It is not possible to predict fully the effects of current or future regulation. New requirements, even if not directly applicable to a Portfolio, may increase the cost of the Portfolio's investments and cost of doing business. It is possible that developments in the swaps market, including potential government regulation, could adversely affect a Portfolio's ability to terminate existing swap agreements or to realize amounts to be received under such agreements. At July 31, 2017, DFA Short-Duration Real Return Portfolio had the following outstanding inflation rate swaps (dollar amounts in thousands): UNREALIZED PAYMENTS PAYMENTS EXPIRATION NOTIONAL APPRECIATION COUNTERPARTY MADE RECEIVED DATE CURRENCY AMOUNT (DEPRECIATION) ------------ -------- -------- ---------- -------- ---------- -------------- Bank of America Corp. 2.282% CPI 02/08/2020 USD $ 40,000 $ (572) Bank of America Corp. 2.225% CPI 03/01/2020 USD 29,000 (384) Bank of America Corp. 2.204% CPI 02/16/2019 USD 44,000 (443) Bank of America Corp. 1.832% CPI 11/08/2020 USD 40,000 125 Bank of America Corp. 1.633% CPI 04/14/2021 USD 27,000 430 Bank of America Corp. 1.593% CPI 01/04/2021 USD 14,000 158 Bank of America Corp. 1.525% CPI 08/31/2021 USD 43,000 760 Bank of America Corp. 1.435% CPI 10/30/2020 USD 30,000 466 Citibank, N.A. 2.144% CPI 01/11/2021 USD 44,000 (503) Citibank, N.A. 1.970% CPI 11/16/2019 USD 23,000 (70) Citibank, N.A. 1.879% CPI 07/26/2021 USD 54,000 79 Citibank, N.A. 1.849% CPI 10/27/2021 USD 20,000 89 Citibank, N.A. 1.790% CPI 11/19/2018 USD 31,000 (700) Citibank, N.A. 1.655% CPI 07/20/2020 USD 40,000 405 Citibank, N.A. 1.623% CPI 06/20/2020 USD 38,000 506 Citibank, N.A. 1.320% CPI 01/20/2019 USD 30,000 64 Credit Suisse 1.837% CPI 04/28/2019 USD 42,000 (180) Credit Suisse 1.735% CPI 03/05/2019 USD 33,000 (225) Deutsche Bank AG, London Branch 2.242% CPI 06/12/2019 USD 26,000 (1,238) Deutsche Bank AG, London Branch 2.145% CPI 03/17/2020 USD 25,000 (304) Deutsche Bank AG, London Branch 2.135% CPI 04/05/2021 USD 30,000 (427) Deutsche Bank AG, London Branch 1.990% CPI 06/05/2022 USD 45,000 (160) Deutsche Bank AG, London Branch 1.983% CPI 05/12/2022 USD 32,000 (184) Deutsche Bank AG, London Branch 1.860% CPI 06/30/2020 USD 60,000 (48) Deutsche Bank AG, London Branch 1.765% CPI 03/03/2019 USD 40,000 (341) Deutsche Bank AG, London Branch 1.718% CPI 09/27/2021 USD 36,000 370 Deutsche Bank AG, London Branch 1.670% CPI 07/08/2019 USD 40,000 281 Deutsche Bank AG, London Branch 1.563% CPI 07/28/2019 USD 48,000 433 Deutsche Bank AG, London Branch 1.429% CPI 10/20/2020 USD 42,000 627 Deutsche Bank AG, London Branch 1.348% CPI 01/28/2020 USD 14,000 248 ---------- ------- $1,060,000 $ (738) ---------- ------- At July 31, 2017, DFA Municipal Real Return Portfolio had the following outstanding inflation rate swaps (dollar amounts in thousands): UNREALIZED PAYMENTS PAYMENTS EXPIRATION NOTIONAL APPRECIATION COUNTERPARTY MADE RECEIVED DATE CURRENCY AMOUNT (DEPRECIATION) ------------ -------- -------- ---------- -------- -------- -------------- Bank of America Corp. 2.195% CPI 01/09/2024 USD $15,000 $(254) Bank of America Corp. 2.193% CPI 03/29/2025 USD 14,000 (268) Bank of America Corp. 2.185% CPI 03/03/2023 USD 17,000 (277) Bank of America Corp. 2.164% CPI 02/16/2022 USD 16,000 (220) Bank of America Corp. 2.029% CPI 05/24/2025 USD 15,000 (39) Bank of America Corp. 2.004% CPI 06/13/2025 USD 14,000 4 Bank of America Corp. 1.902% CPI 07/14/2022 USD 25,000 44 Bank of America Corp. 1.826% CPI 11/07/2020 USD 26,000 88 Bank of America Corp. 1.715% CPI 09/28/2023 USD 11,000 198 Bank of America Corp. 1.706% CPI 06/14/2022 USD 11,000 185 Bank of America Corp. 1.704% CPI 05/31/2021 USD 27,000 371 Bank of America Corp. 1.663% CPI 04/15/2022 USD 17,000 313 Bank of America Corp. 1.619% CPI 10/14/2022 USD 12,000 163 Bank of America Corp. 1.610% CPI 12/31/2020 USD 20,000 205 Bank of America Corp. 1.609% CPI 06/24/2021 USD 17,000 300 Bank of America Corp. 1.580% CPI 12/30/2020 USD 14,000 165 Bank of America Corp. 1.580% CPI 08/07/2020 USD 19,000 122 Bank of America Corp. 1.570% CPI 02/26/2019 USD 6,000 (10) Bank of America Corp. 1.550% CPI 01/26/2021 USD 6,000 17 Bank of America Corp. 1.548% CPI 01/08/2021 USD 8,000 109 Bank of America Corp. 1.530% CPI 12/24/2020 USD 19,000 270 Bank of America Corp. 1.520% CPI 12/23/2020 USD 14,000 206 Bank of America Corp. 1.365% CPI 01/21/2019 USD 5,000 3 Bank of America Corp. 0.022% CPI 02/14/2024 USD 16,000 (275) Citibank, N.A. 2.230% CPI 01/20/2023 USD 14,000 (254) Citibank, N.A. 2.203% CPI 12/29/2021 USD 13,000 (202) Citibank, N.A. 2.171% CPI 04/07/2024 USD 11,000 (198) Citibank, N.A. 2.136% CPI 12/23/2022 USD 13,000 (161) Citibank, N.A. 2.114% CPI 12/19/2023 USD 14,000 (152) Citibank, N.A. 2.113% CPI 05/02/2024 USD 11,000 (147) Citibank, N.A. 2.027% CPI 12/01/2022 USD 9,000 (44) Citibank, N.A. 2.005% CPI 11/09/2025 USD 12,000 31 Citibank, N.A. 1.986% CPI 07/24/2023 USD 20,000 (18) Citibank, N.A. 1.789% CPI 03/31/2024 USD 21,000 331 Citibank, N.A. 1.752% CPI 05/20/2023 USD 17,000 312 Citibank, N.A. 1.718% CPI 05/27/2020 USD 16,000 165 Citibank, N.A. 1.698% CPI 06/02/2022 USD 22,000 395 Citibank, N.A. 1.581% CPI 12/28/2020 USD 10,000 117 Citibank, N.A. 1.578% CPI 08/09/2023 USD 25,000 663 Citibank, N.A. 1.577% CPI 11/18/2021 USD 10,000 148 Citibank, N.A. 1.555% CPI 12/11/2020 USD 10,000 127 Citibank, N.A. 1.533% CPI 11/10/2020 USD 10,000 117 Citibank, N.A. 1.520% CPI 08/01/2021 USD 24,000 474 Citibank, N.A. 1.494% CPI 01/08/2021 USD 4,000 15 Citibank, N.A. 1.481% CPI 08/18/2021 USD 17,000 351 Citibank, N.A. 1.253% CPI 02/11/2022 USD 12,000 456 Citibank, N.A. 1.253% CPI 01/20/2019 USD 12,000 165 -------- ------ $691,000 $4,111 -------- ------ FEDERAL TAX COST At July 31, 2017, the total cost of securities for federal income tax purposes was: Enhanced U.S. Large Company Portfolio $ 285,562,225 U.S. Large Cap Value Portfolio 15,738,110,100 U.S. Targeted Value Portfolio 10,055,556,685 U.S. Small Cap Value Portfolio 13,187,644,443 U.S. Core Equity 1 Portfolio 15,126,256,322 U.S. Core Equity 2 Portfolio 16,363,302,883 U.S. Vector Equity Portfolio 3,684,934,380 U.S. Small Cap Portfolio 16,121,318,136 U.S. Micro Cap Portfolio 4,928,061,360 DFA Real Estate Securities Portfolio 6,576,026,051 Large Cap International Portfolio 3,880,185,527 International Core Equity Portfolio 21,084,953,559 International Small Company Portfolio 10,611,584,673 Global Small Company Portfolio 11,930,666 Japanese Small Company Portfolio 487,325,268 Asia Pacific Small Company Portfolio 298,990,580 United Kingdom Small Company Portfolio 35,893,014 Continental Small Company Portfolio 409,089,374 DFA International Real Estate Securities Portfolio 5,445,473,964 DFA Global Real Estate Securities Portfolio 5,650,430,943 DFA International Small Cap Value Portfolio 13,370,231,484 International Vector Equity Portfolio 2,092,851,192 World ex U.S. Value Portfolio 182,170,884 World ex U.S. Targeted Value Portfolio 363,024,690 World ex U.S. Core Equity Portfolio 2,346,979,063 Selectively Hedged Global Equity Portfolio 290,570,208 Emerging Markets Portfolio 4,387,169,805 Emerging Markets Small Cap Portfolio 5,994,839,076 Emerging Markets Value Portfolio 17,246,106,562 Emerging Markets Core Equity Portfolio 21,695,188,515 U.S. Large Cap Equity Portfolio 967,475,565 DFA Commodity Strategy Portfolio 1,592,633,441 DFA One-Year Fixed Income Portfolio 7,446,053,524 DFA Two-Year Global Fixed Income Portfolio 5,013,678,305 DFA Selectively Hedged Global Fixed Income Portfolio 1,083,513,357 DFA Short-Term Government Portfolio 2,197,037,277 DFA Five-Year Global Fixed Income Portfolio 13,547,200,704 DFA World ex U.S. Government Fixed Income Portfolio 847,456,845 DFA Intermediate Government Fixed Income Portfolio 4,344,060,182 DFA Short-Term Extended Quality Portfolio 5,342,807,534 DFA Intermediate-Term Extended Quality Portfolio 1,722,039,997 DFA Targeted Credit Portfolio 483,573,497 DFA Investment Grade Portfolio 8,155,242,909 DFA Inflation-Protected Securities Portfolio 4,094,215,833 DFA Short-Term Municipal Bond Portfolio 2,402,349,372 DFA Intermediate-Term Municipal Bond Portfolio 1,545,826,504 DFA California Short-Term Municipal Bond Portfolio 978,547,567 DFA California Intermediate-Term Municipal Bond Portfolio 316,269,009 DFA NY Municipal Bond Portfolio 81,036,855 Dimensional Retirement Income Fund 11,698,201 Dimensional 2045 Target Date Retirement Income Fund 30,145,108 Dimensional 2050 Target Date Retirement Income Fund 26,648,615 Dimensional 2055 Target Date Retirement Income Fund 8,517,958 Dimensional 2060 Target Date Retirement Income Fund 5,014,052 Dimensional 2005 Target Date Retirement Income Fund 3,513,781 Dimensional 2010 Target Date Retirement Income Fund 11,559,631 Dimensional 2015 Target Date Retirement Income Fund 28,998,252 Dimensional 2020 Target Date Retirement Income Fund 72,026,334 Dimensional 2025 Target Date Retirement Income Fund 87,259,838 Dimensional 2030 Target Date Retirement Income Fund 78,114,827 Dimensional 2035 Target Date Retirement Income Fund 57,559,494 Dimensional 2040 Target Date Retirement Income Fund 44,201,245 DFA Short-Duration Real Return Portfolio 1,096,989,984 DFA Municipal Real Return Portfolio 676,586,861 DFA Municipal Bond Portfolio 307,663,631 CSTG&E U.S. Social Core Equity 2 Portfolio 63,364,479 CSTG&E International Social Core Equity Portfolio 91,597,717 World Core Equity Portfolio 410,207,537 DFA LTIP Portfolio 109,111,420 U.S. Social Core Equity 2 Portfolio 730,959,534 U.S. Sustainability Core 1 Portfolio 897,916,491 International Sustainability Core 1 Portfolio 622,808,939 International Social Core Equity Portfolio 717,569,669 Emerging Markets Social Core Equity Portfolio 1,146,865,302 Tax Managed U.S. Marketwide Value Portfolio 2,636,994,396 Tax Managed U.S. Equity Portfolio 1,705,145,772 Tax Managed U.S. Targeted Value Portfolio 3,253,360,927 Tax Managed U.S. Small Cap Portfolio 2,070,514,239 T.A. U.S. Core Equity 2 Portfolio 5,279,992,694 Tax-Managed DFA International Value Portfolio 3,271,147,589 T.A. World ex U.S. Core Equity Portfolio 2,484,161,705 LWAS/DFA International High Book to Market Portfolio 47,774,559 VA U.S. Targeted Value Portfolio 304,117,785 VA U.S. Large Value Portfolio 268,594,898 VA International Value Portfolio 222,617,638 VA International Small Portfolio 200,630,131 VA Short-Term Fixed Portfolio 240,832,355 VA Global Bond Portfolio 292,050,695 VIT Inflation-Protected Securities 121,108,356 DFA VA Global Moderate Allocation Portfolio 109,977,161 U.S. Large Cap Growth Portfolio 1,381,822,179 U.S. Small Cap Growth Portfolio 462,118,513 International Large Cap Growth Portfolio 289,004,597 International Small Cap Growth Portfolio 154,728,092 DFA Social Fixed Income Portfolio 106,030,413 DFA Diversified Fixed Income Portfolio 435,867,730 U.S. High Relative Profitability Portfolio 102,783,946 International High Relative Profitability Portfolio 49,928,463 VA Equity Allocation Portfolio 15,545,482 DFA MN Municipal Bond Portfolio 47,397,550 OTHER The Portfolios are subject to claims and suits that arise from time to time in the ordinary course of business. 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. The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series, and VA U.S. Large Value Portfolio have been named as defendants in a multi-district litigation pending in the United States District Court for the Southern District of New York (the "Court"), captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the "Tribune MDL"). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company ("Tribune") (the "LBO") and Tribune's subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series, and VA U.S. Large Value Portfolio, sold Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the "Individual Creditor Actions") and a lawsuit brought by a court-appointed trustee (the "Trustee") on behalf of the committee of unsecured creditors of Tribune (the "Committee Action," and with the Individual Creditor Actions, collectively referred to as the "Lawsuits"). The Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who participated in the LBO. On September 23, 2013, the Court entered an order dismissing the Individual Creditor Actions in their entirety on the grounds that the individual creditor plaintiffs lack standing to pursue their claims. The parties appealed the Court's dismissal order to the Second Circuit, and, on March 29, 2016, the Second Circuit affirmed the dismissal, albeit on the grounds that the individual creditor plaintiffs' claims are preempted by the Bankruptcy Code's safe harbor for securities transactions. The individual creditor plaintiffs petitioned the Second Circuit for rehearing of the appeal, but the Second Circuit denied the petition. The individual creditor plaintiffs then petitioned the Supreme Court to review the Second Circuit's decision, and that petition is pending. On January 6, 2017, the Court dismissed the claims against the shareholder defendants in the Committee Action on the grounds that the Trustee had failed to adequately plead that the Tribune Board approved the LBO with actual intent to hinder, harm, or delay Tribune's creditors, as required to state a claim for intentional fraudulent transfer. The Trustee requested that the Court certify the dismissal order for appeal to the Second Circuit, and the Court entered an Order confirming that the Court will certify the matter for appeal after it rules on the remaining motions to dismiss in the Committee Action (motions that do not involve the shareholder defendants). As to the shareholder defendants, the litigation is essentially stayed pending appeal of the dismissal order. Litigation counsel to The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series, and VA U.S. Large Value Portfolio in the Lawsuits has advised management that it does not believe that it is possible, at this stage in the proceedings, to predict with any reasonable certainty the probable outcome of the Lawsuits or quantify the ultimate exposure to The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series, and VA U.S. Large Value Portfolio arising from the Lawsuits. Until The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series, and VA U.S. Large Value Portfolio can do so, no reduction of the respective net asset values of The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series, and VA U.S. Large Value Portfolio will be made relating to the Lawsuits. However, even if the plaintiffs in the Lawsuits were to obtain the full recovery the plaintiffs seek, the amount would be less than 1% of the respective net asset values of The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series, and VA U.S. Large Value Portfolio at this time. The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series, and VA U.S. Large Value Portfolio also cannot quantify the cost of the Lawsuits that could potentially be deducted from their net asset values. Therefore, at this time, those investors buying or redeeming shares of The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series and VA U.S. Large Value Portfolio will pay or receive, as the case may be, a price based on the net asset values of The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series and VA U.S. Large Value Portfolio, with no adjustment relating to the Lawsuits. The attorneys' fees and costs relating to the Lawsuits will be taken as expenses by The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series and VA U.S. Large Value Portfolio as incurred and in a manner similar to any other expense incurred by The U.S. Large Cap Value Series, The Tax-Managed U.S. Marketwide Value Series and VA U.S. Large Value Portfolio. SUBSEQUENT EVENT EVALUATIONS Management has evaluated the impact of all subsequent events on the Portfolios through the date that the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the Schedules of Investments. THE U.S. LARGE CAP VALUE SERIES SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ ---------- ------------ COMMON STOCKS -- (95.7%) Consumer Discretionary -- (13.5%) # Adient P.L.C. 150,937 $ 9,881,845 # Autoliv, Inc. 286,869 31,093,731 #* AutoNation, Inc. 296,816 12,579,062 # Bed Bath & Beyond, Inc. 290,144 8,675,306 # Best Buy Co., Inc. 1,711,779 99,865,187 # BorgWarner, Inc. 1,060,592 49,572,070 # CalAtlantic Group, Inc. 14,193 498,174 Carnival Corp. 1,192,760 79,652,513 # CBS Corp. Class A 7,236 478,227 * Charter Communications, Inc. Class A 996,600 390,577,506 Comcast Corp. Class A 21,211,780 858,016,501 #* Discovery Communications, Inc. Class A 644,292 15,849,583 #* Discovery Communications, Inc. Class C 621,252 14,369,559 * Dollar Tree, Inc. 369,560 26,637,885 DR Horton, Inc. 2,705,036 96,542,735 # Ford Motor Co. 15,782,331 177,077,754 # Garmin, Ltd. 416,768 20,917,586 General Motors Co. 6,055,833 217,888,871 # Gentex Corp. 945,271 16,088,512 # Goodyear Tire & Rubber Co. (The) 1,509,524 47,565,101 #* Hyatt Hotels Corp. Class A 44,108 2,451,082 # International Game Technology P.L.C. 11,477 218,522 # Kohl's Corp. 1,387,664 57,379,906 Lear Corp. 258,805 38,352,313 # Lennar Corp. Class A 1,456,943 76,402,091 # Lennar Corp. Class B 8,428 374,793 * Liberty Broadband Corp. Class A 27,366 2,707,045 #* Liberty Broadband Corp. Class C 136,728 13,560,683 #* Liberty Interactive Corp., QVC Group Class A 2,625,221 62,847,791 #* Liberty Media Corp.-Liberty Braves Class A 15,711 396,546 #* Liberty Media Corp.-Liberty Braves Class C 31,424 792,827 #* Liberty Media Corp.-Liberty Formula One Class A 39,281 1,325,734 #* Liberty Media Corp.-Liberty Formula One Class C 78,562 2,763,026 * Liberty Media Corp.-Liberty SiriusXM Class A 157,126 7,248,222 * Liberty Media Corp.-Liberty SiriusXM Class C 314,252 14,455,592 #* Liberty Ventures Series A 59,566 3,608,508 * LKQ Corp. 786,321 27,175,254 # Macy's, Inc. 1,470,252 34,918,485 #* Madison Square Garden Co. (The) Class A 7,458 1,638,672 # MGM Resorts International 2,471,336 81,381,094 * Mohawk Industries, Inc. 509,711 126,912,942 Newell Brands, Inc. 485,814 25,612,114 News Corp. Class A 326,912 4,678,111 News Corp. Class B 40,936 601,759 #* Norwegian Cruise Line Holdings, Ltd. 1,146,565 63,141,335 # Penske Automotive Group, Inc. 147,676 6,429,813 # PulteGroup, Inc. 2,391,049 58,389,417 PVH Corp. 372,297 44,411,309 # Ralph Lauren Corp. 84,680 6,406,042 Royal Caribbean Cruises, Ltd. 1,461,968 165,304,722 # Signet Jewelers, Ltd. 35,969 2,199,864 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- -------------- Consumer Discretionary -- (Continued) #* Skechers U.S.A., Inc. Class A 13,762 $ 386,575 Staples, Inc. 2,175,724 22,083,599 # TEGNA, Inc. 804,581 11,931,936 Time Warner, Inc. 3,804,556 389,662,625 # Toll Brothers, Inc. 338,804 13,074,446 # Viacom, Inc. Class A 2,694 109,107 # Viacom, Inc. Class B 797,742 27,857,151 # Whirlpool Corp. 537,196 95,556,424 -------------- Total Consumer Discretionary 3,668,575,185 -------------- Consumer Staples -- (7.0%) Archer-Daniels-Midland Co. 2,604,355 109,851,694 # British American Tobacco P.L.C. Sponsored ADR 42,737 2,671,888 # Bunge, Ltd. 942,378 73,873,011 # Coty, Inc. Class A 254,401 5,210,133 CVS Health Corp. 4,495,075 359,291,345 #* Edgewell Personal Care Co. 25,746 1,858,861 Ingredion, Inc. 146,985 18,126,190 JM Smucker Co. (The) 895,585 109,171,812 Kraft Heinz Co. (The) 1,052,555 92,056,460 Molson Coors Brewing Co. Class B 839,181 74,670,325 Mondelez International, Inc. Class A 3,943,573 173,596,084 Pinnacle Foods, Inc. 489,872 29,088,599 #* Post Holdings, Inc. 362,292 30,142,694 Seaboard Corp. 13 55,575 #* TreeHouse Foods, Inc. 102,056 8,657,411 Tyson Foods, Inc. Class A 1,959,828 124,174,702 Wal-Mart Stores, Inc. 5,670,262 453,564,257 Walgreens Boots Alliance, Inc. 2,364,310 190,728,888 Whole Foods Market, Inc. 922,271 38,514,037 -------------- Total Consumer Staples 1,895,303,966 -------------- Energy -- (10.6%) Anadarko Petroleum Corp. 969,947 44,297,479 * Andeavor 993,663 98,899,278 #* Antero Resources Corp. 18,918 390,089 # Apache Corp. 253,665 12,551,344 Baker Hughes a GE Co. 1,045,521 38,569,270 Chevron Corp. 3,657,143 399,323,444 #* Concho Resources, Inc. 503,232 65,551,000 ConocoPhillips 3,048,874 138,327,413 #* Continental Resources, Inc. 194,483 6,501,567 #* Diamondback Energy, Inc. 63,757 6,113,021 Exxon Mobil Corp. 12,312,348 985,480,334 # Helmerich & Payne, Inc. 446,159 22,584,569 # Hess Corp. 918,391 40,905,135 # HollyFrontier Corp. 645,042 18,603,011 Kinder Morgan, Inc. 5,066,511 103,508,820 # Marathon Oil Corp. 3,272,198 40,018,982 Marathon Petroleum Corp. 2,313,489 129,532,249 # Murphy Oil Corp. 309,108 8,216,091 # National Oilwell Varco, Inc. 1,541,020 50,406,764 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- -------------- Energy -- (Continued) Noble Energy, Inc. 1,659,899 $ 47,987,680 Occidental Petroleum Corp. 1,870,526 115,841,675 # ONEOK, Inc. 219,630 12,424,469 Phillips 66 1,083,984 90,783,660 # Pioneer Natural Resources Co. 42,427 6,919,844 # Range Resources Corp. 144,745 3,055,567 * Rice Energy, Inc. 102,107 2,855,933 #* RSP Permian, Inc. 43,338 1,489,094 Schlumberger, Ltd. 1,134,428 77,821,761 # Targa Resources Corp. 1,262,389 58,587,474 #* TechnipFMC P.L.C. 1,719,087 49,062,743 # Valero Energy Corp. 2,810,052 193,809,286 Williams Cos., Inc. (The) 140,009 4,449,486 -------------- Total Energy 2,874,868,532 -------------- Financials -- (22.8%) Aflac, Inc. 1,311,820 104,617,645 * Alleghany Corp. 32,159 19,724,401 Allstate Corp. (The) 1,042,737 94,889,067 # Ally Financial, Inc. 2,615,436 59,213,471 American Financial Group, Inc. 427,555 43,354,077 American International Group, Inc. 2,238,867 146,533,845 * Arch Capital Group, Ltd. 176,406 17,157,248 Assurant, Inc. 347,378 36,568,482 Assured Guaranty, Ltd. 466,679 21,005,222 Axis Capital Holdings, Ltd. 342,158 22,096,564 Bank of America Corp. 18,827,362 454,115,971 Bank of New York Mellon Corp. (The) 4,371,881 231,840,849 # BB&T Corp. 2,074,992 98,188,621 BOK Financial Corp. 6,114 520,118 Capital One Financial Corp. 2,120,582 182,751,757 Chubb, Ltd. 555,217 81,317,082 # CIT Group, Inc. 503,470 23,990,345 Citigroup, Inc. 8,300,814 568,190,718 # Citizens Financial Group, Inc. 912,076 31,995,626 # CNA Financial Corp. 411,635 21,384,438 Everest Re Group, Ltd. 220,574 57,876,412 Fairfax Financial Holdings, Ltd. 8,543 4,068,611 Fifth Third Bancorp 4,926,179 131,528,979 # First American Financial Corp. 112,197 5,431,457 Goldman Sachs Group, Inc. (The) 1,076,397 242,544,536 Hartford Financial Services Group, Inc. (The) 2,672,826 147,005,430 Huntington Bancshares, Inc. 4,370,200 57,905,150 Invesco, Ltd. 513,904 17,868,442 JPMorgan Chase & Co. 11,460,834 1,052,104,561 KeyCorp 2,533,014 45,695,573 Leucadia National Corp. 246,660 6,420,560 Lincoln National Corp. 907,300 66,287,338 Loews Corp. 1,364,220 66,410,230 # M&T Bank Corp. 291,572 47,569,972 MetLife, Inc. 2,044,246 112,433,530 Morgan Stanley 4,233,127 198,533,656 Navient Corp. 764,605 11,277,924 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- -------------- Financials -- (Continued) # New York Community Bancorp, Inc. 1,100,233 $ 14,446,059 Old Republic International Corp. 793,763 15,573,630 # PacWest Bancorp 291,581 14,001,720 # People's United Financial, Inc. 393,343 6,859,902 Pinnacle Financial Partners, Inc. 13,530 864,567 PNC Financial Services Group, Inc. (The) 1,353,171 174,288,425 Principal Financial Group, Inc. 1,639,822 109,458,118 # Prosperity Bancshares, Inc. 69,192 4,435,207 Prudential Financial, Inc. 1,042,426 118,033,896 Regions Financial Corp. 6,046,938 88,285,295 Reinsurance Group of America, Inc. 313,388 43,936,998 # RenaissanceRe Holdings, Ltd. 118,695 17,437,482 #* Santander Consumer USA Holdings, Inc. 292,134 3,742,237 State Street Corp. 524,339 48,884,125 SunTrust Banks, Inc. 1,256,570 71,988,895 Synchrony Financial 159,750 4,843,620 Travelers Cos., Inc. (The) 1,165,331 149,267,248 Unum Group 1,204,396 60,376,371 Validus Holdings, Ltd. 168,263 9,050,867 Voya Financial, Inc. 184,436 7,237,269 Wells Fargo & Co. 10,771,595 581,019,834 # WR Berkley Corp. 223,593 15,421,209 # XL Group, Ltd. 1,060,092 47,068,085 # Zions Bancorporation 758,976 34,396,792 -------------- Total Financials 6,171,335,759 -------------- Health Care -- (12.0%) Abbott Laboratories 5,106,345 251,130,047 Aetna, Inc. 1,805,018 278,532,328 Allergan P.L.C. 496,938 125,392,365 Anthem, Inc. 1,447,321 269,505,643 Baxter International, Inc. 77,675 4,697,784 * Bio-Rad Laboratories, Inc. Class A 7,494 1,765,811 * Centene Corp. 1,054,392 83,739,813 Cigna Corp. 403,350 70,005,426 Danaher Corp. 2,229,450 181,677,880 * DaVita, Inc. 968,792 62,758,346 DENTSPLY SIRONA, Inc. 160,668 9,966,236 #* Envision Healthcare Corp. 68,624 3,872,452 * Express Scripts Holding Co. 2,740,464 171,662,665 Humana, Inc. 708,361 163,773,063 * Laboratory Corp. of America Holdings 721,272 114,617,333 #* Mallinckrodt P.L.C. 487,783 22,340,461 #* MEDNAX, Inc. 413,651 19,433,324 Medtronic P.L.C. 4,257,228 357,479,435 #* Mylan NV 1,365,926 53,257,455 PerkinElmer, Inc. 137,678 9,063,343 # Perrigo Co. P.L.C. 111,705 8,368,939 Pfizer, Inc. 16,341,666 541,889,645 Quest Diagnostics, Inc. 953,902 103,317,126 #* Quintiles IMS Holdings, Inc. 202,524 18,338,548 # STERIS P.L.C. 192,061 15,720,193 #* Taro Pharmaceutical Industries, Ltd. 9,494 1,085,449 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ --------- -------------- Health Care -- (Continued) Teleflex, Inc. 39,706 $ 8,227,877 Thermo Fisher Scientific, Inc. 1,050,474 184,389,701 #* United Therapeutics Corp. 128,754 16,532,014 Universal Health Services, Inc. Class B 481,679 53,384,484 * WellCare Health Plans, Inc. 101,722 18,003,777 Zimmer Biomet Holdings, Inc. 204,432 24,801,690 -------------- Total Health Care 3,248,730,653 -------------- Industrials -- (8.5%) #* AECOM 618,669 19,735,541 # AGCO Corp. 425,114 30,667,724 # AMERCO 51,218 19,901,266 # Arconic, Inc. 2,391,789 59,292,449 Carlisle Cos., Inc. 238,414 23,266,822 * Colfax Corp. 148,210 6,118,109 Copa Holdings SA Class A 46,408 5,822,348 CSX Corp. 4,454,823 219,800,967 Cummins, Inc. 198,992 33,410,757 Delta Air Lines, Inc. 2,844,921 140,425,301 Dover Corp. 830,218 69,738,312 Eaton Corp. P.L.C. 1,736,611 135,889,811 EMCOR Group, Inc. 17,959 1,212,232 FedEx Corp. 624,040 129,819,041 Fluor Corp. 890,347 38,667,770 General Electric Co. 2,108,359 53,995,074 #* Genesee & Wyoming, Inc. Class A 54,725 3,565,881 Ingersoll-Rand P.L.C. 830,409 72,976,343 Jacobs Engineering Group, Inc. 377,362 19,894,525 #* JetBlue Airways Corp. 2,305,410 50,557,641 Johnson Controls International P.L.C. 740,079 28,826,077 Kansas City Southern 620,638 64,043,635 L3 Technologies, Inc. 393,053 68,772,483 Macquarie Infrastructure Corp. 355,176 26,925,893 # ManpowerGroup, Inc. 425,472 45,589,325 Norfolk Southern Corp. 1,571,094 176,873,763 # Orbital ATK, Inc. 77,125 7,880,632 Oshkosh Corp. 310,560 21,385,162 Owens Corning 741,762 49,735,142 PACCAR, Inc. 522,096 35,737,471 # Pentair P.L.C. 1,008,228 63,588,940 * Quanta Services, Inc. 253,566 8,552,781 Republic Services, Inc. 2,011,081 129,151,622 Rockwell Collins, Inc. 10,306 1,097,898 Southwest Airlines Co. 1,315,118 73,002,200 Spirit Aerosystems Holdings, Inc. Class A 31,638 1,911,884 Stanley Black & Decker, Inc. 1,079,268 151,842,215 #* Stericycle, Inc. 83,250 6,416,910 #* Teledyne Technologies, Inc. 16,413 2,237,748 Textron, Inc. 1,923,539 94,503,471 # Trinity Industries, Inc. 7,385 202,423 * United Continental Holdings, Inc. 1,015,739 68,745,216 #* USG Corp. 171,791 4,645,229 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- -------------- Industrials -- (Continued) #* XPO Logistics, Inc. 729,646 $ 43,859,021 -------------- Total Industrials 2,310,285,055 -------------- Information Technology -- (13.2%) * Akamai Technologies, Inc. 44,939 2,118,424 Amdocs, Ltd. 464,898 31,227,199 Analog Devices, Inc. 119,434 9,436,480 #* ARRIS International P.L.C. 607,623 16,989,139 * Arrow Electronics, Inc. 652,120 53,010,835 Avnet, Inc. 507,596 19,481,534 Brocade Communications Systems, Inc. 1,391,533 17,575,062 CA, Inc. 2,950,360 91,579,174 #* Cars.com, Inc. 73,612 1,788,772 Cisco Systems, Inc. 23,529,059 739,988,906 #* CommerceHub, Inc. Series C 53,314 958,586 Corning, Inc. 3,683,566 107,339,113 * Dell Technologies, Inc. Class V 703,394 45,207,132 # Dolby Laboratories, Inc. Class A 16,116 834,003 DXC Technology Co. 1,074,893 84,250,113 * EchoStar Corp. Class A 14,785 897,893 Fidelity National Information Services, Inc. 1,455,335 132,755,659 #* First Solar, Inc. 27,062 1,334,427 * Flex, Ltd. 1,552,059 24,817,423 FLIR Systems, Inc. 105,840 3,949,949 Hewlett Packard Enterprise Co. 9,176,127 160,673,984 HP, Inc. 9,619,949 183,741,026 Intel Corp. 22,961,820 814,455,755 # Jabil, Inc. 825,827 25,187,724 Juniper Networks, Inc. 2,557,961 71,495,010 # Lam Research Corp. 1,022,498 163,047,531 Leidos Holdings, Inc. 533,173 28,492,765 LogMeIn, Inc. 2,049 238,606 Marvell Technology Group, Ltd. 808,260 12,576,526 #* Micron Technology, Inc. 5,266,057 148,081,523 * Microsemi Corp. 57,304 2,984,392 * Nuance Communications, Inc. 145,478 2,516,769 NVIDIA Corp. 858,270 139,477,458 #* ON Semiconductor Corp. 550,404 8,228,540 #* Qorvo, Inc. 276,209 18,936,889 QUALCOMM, Inc. 2,982,903 158,660,611 # SS&C Technologies Holdings, Inc. 122,197 4,736,356 # SYNNEX Corp. 187,099 22,249,813 * Synopsys, Inc. 83,602 6,401,405 TE Connectivity, Ltd. 881,903 70,896,182 Teradyne, Inc. 130,425 4,511,401 Western Digital Corp. 1,222,328 104,044,559 #* WEX, Inc. 1,826 198,450 Xerox Corp. 1,627,144 49,904,507 -------------- Total Information Technology 3,587,277,605 -------------- Materials -- (3.2%) # Albemarle Corp. 492,856 57,072,725 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ---------- --------------- Materials -- (Continued) Alcoa Corp. 630,485 $ 22,949,654 Ashland Global Holdings, Inc. 376,541 24,463,869 # CF Industries Holdings, Inc. 1,428,640 41,930,584 Dow Chemical Co. (The) 822,454 52,834,445 Eastman Chemical Co. 992,551 82,540,541 * Freeport-McMoRan, Inc. 3,027,411 44,260,749 Huntsman Corp. 258,591 6,883,692 # Martin Marietta Materials, Inc. 101,369 22,952,983 # Mosaic Co. (The) 1,422,432 34,337,508 Newmont Mining Corp. 2,157,154 80,181,414 Nucor Corp. 2,380,637 137,291,336 # Olin Corp. 922,649 27,199,693 Reliance Steel & Aluminum Co. 425,994 30,824,926 # Royal Gold, Inc. 80,675 6,991,295 Sonoco Products Co. 12,855 623,210 Steel Dynamics, Inc. 1,328,072 47,027,030 # Valvoline, Inc. 1,033,732 23,434,704 Vulcan Materials Co. 275,139 33,875,114 # Westlake Chemical Corp. 342,667 24,110,050 WestRock Co. 1,076,555 61,815,788 --------------- Total Materials 863,601,310 --------------- Real Estate -- (0.1%) * Howard Hughes Corp. (The) 5,701 717,243 # Jones Lang LaSalle, Inc. 148,214 18,855,785 # Realogy Holdings Corp. 31,992 1,062,134 --------------- Total Real Estate 20,635,162 --------------- Telecommunication Services -- (4.6%) AT&T, Inc. 26,076,099 1,016,967,861 # CenturyLink, Inc. 3,894,965 90,635,836 * Level 3 Communications, Inc. 843,237 49,481,147 #* Sprint Corp. 2,014,058 16,072,183 * T-Mobile US, Inc. 933,997 57,590,255 --------------- Total Telecommunication Services 1,230,747,282 --------------- Utilities -- (0.2%) #* Calpine Corp. 1,538,972 22,130,417 # NRG Energy, Inc. 1,599,440 39,378,213 --------------- Total Utilities 61,508,630 --------------- TOTAL COMMON STOCKS 25,932,869,139 --------------- RIGHTS/WARRANTS -- (0.0%) (degrees)#* Safeway Casa Ley Contingent Value Rights 196,076 198,997 THE U.S. LARGE CAP VALUE SERIES CONTINUED SHARES VALUE+ ----------- --------------- (degrees)#* Safeway PDC, LLC Contingent Value Rights 196,076 $ 59 --------------- TOTAL RIGHTS/WARRANTS 199,056 --------------- TOTAL INVESTMENT SECURITIES 25,933,068,195 --------------- TEMPORARY CASH INVESTMENTS -- (1.2%) State Street Institutional U.S. Government Money Market Fund, 0.940% 315,883,314 315,883,314 --------------- SECURITIES LENDING COLLATERAL -- (3.1%) (S)@ DFA Short Term Investment Fund 72,779,436 842,203,638 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $18,972,964,161)^^ $27,091,155,147 =============== THE U.S. LARGE CAP VALUE SERIES CONTINUED Summary of the Series' investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL --------------- ------------ ------- --------------- Common Stocks Consumer Discretionary $ 3,668,575,185 -- -- $ 3,668,575,185 Consumer Staples 1,895,303,966 -- -- 1,895,303,966 Energy 2,874,868,532 -- -- 2,874,868,532 Financials 6,171,335,759 -- -- 6,171,335,759 Health Care 3,248,730,653 -- -- 3,248,730,653 Industrials 2,310,285,055 -- -- 2,310,285,055 Information Technology 3,587,277,605 -- -- 3,587,277,605 Materials 863,601,310 -- -- 863,601,310 Real Estate 20,635,162 -- -- 20,635,162 Telecommunication Services 1,230,747,282 -- -- 1,230,747,282 Utilities 61,508,630 -- -- 61,508,630 Rights/Warrants -- $ 199,056 -- 199,056 Temporary Cash Investments 315,883,314 -- -- 315,883,314 Securities Lending Collateral -- 842,203,638 -- 842,203,638 Futures Contracts** 2,261,695 -- -- 2,261,695 --------------- ------------ -- --------------- TOTAL $26,251,014,148 $842,402,694 -- $27,093,416,842 =============== ============ == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. THE DFA INTERNATIONAL VALUE SERIES SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ---------- ------------ COMMON STOCKS -- (94.1%) AUSTRALIA -- (6.1%) # Alumina, Ltd. 312,287 $ 474,324 Aurizon Holdings, Ltd. 2,938,279 11,793,530 # Australia & New Zealand Banking Group, Ltd. 5,443,751 129,066,672 Bank of Queensland, Ltd. 796,768 7,680,359 Bendigo & Adelaide Bank, Ltd. 1,234,344 10,979,318 BHP Billiton, Ltd. 6,597,392 137,400,020 # BHP Billiton, Ltd. Sponsored ADR 1,703,682 70,975,392 BlueScope Steel, Ltd. 2,247,686 23,678,342 Boral, Ltd. 2,601,567 14,417,037 Crown Resorts, Ltd. 365,827 3,725,578 Downer EDI, Ltd. 512,922 2,610,812 Fortescue Metals Group, Ltd. 8,466,965 38,915,953 # Harvey Norman Holdings, Ltd. 360,705 1,261,221 Incitec Pivot, Ltd. 4,609,977 11,770,149 LendLease Group 478,880 6,459,240 National Australia Bank, Ltd. 94,926 2,275,642 Newcrest Mining, Ltd. 3,230,328 52,488,168 Oil Search, Ltd. 170,719 908,328 * Origin Energy, Ltd. 2,811,665 15,575,182 QBE Insurance Group, Ltd. 2,620,554 24,825,959 Rio Tinto, Ltd. 579,499 30,548,564 * Santos, Ltd. 4,975,438 13,519,618 South32, Ltd. 14,274,113 33,292,267 South32, Ltd. ADR 354,708 4,132,348 Star Entertainment Grp, Ltd. (The) 3,883,525 15,666,451 Suncorp Group, Ltd. 2,438,480 27,870,988 Tatts Group, Ltd. 1,234,411 3,950,329 Treasury Wine Estates, Ltd. 763,632 7,434,542 Woodside Petroleum, Ltd. 2,846,042 66,513,661 ------------ TOTAL AUSTRALIA 770,209,994 ------------ AUSTRIA -- (0.1%) Erste Group Bank AG 98,143 4,065,561 OMV AG 147,907 8,378,510 * Raiffeisen Bank International AG 44,884 1,322,717 ------------ TOTAL AUSTRIA 13,766,788 ------------ BELGIUM -- (1.0%) Ageas 642,764 28,936,392 Colruyt SA 11 616 KBC Group NV 497,767 41,152,403 Proximus SADP 42,890 1,508,217 Solvay SA 287,867 41,274,709 UCB SA 149,459 10,883,891 ------------ TOTAL BELGIUM 123,756,228 ------------ CANADA -- (7.8%) # AltaGas, Ltd. 380,278 8,851,548 # ARC Resources, Ltd. 10,111 139,409 Bank of Montreal(063671101) 1,729,598 131,224,600 Bank of Montreal(2076009) 85,939 6,518,060 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ --------- ------------ CANADA -- (Continued) * BlackBerry, Ltd. 683,288 $ 6,406,767 # Cameco Corp.(13321L108) 571,821 5,861,165 # Cameco Corp.(2166160) 507,476 5,197,889 # Canadian Natural Resources, Ltd.(136385101) 321,617 9,841,480 Canadian Natural Resources, Ltd.(2171573) 614,945 18,807,181 # Cenovus Energy, Inc. 1,331,857 11,200,917 Crescent Point Energy Corp.(22576C101) 1,508,054 11,838,227 # Crescent Point Energy Corp.(B67C8W8) 822,786 6,467,458 Eldorado Gold Corp. 62,239 131,791 Element Fleet Management Corp. 278,876 2,111,562 Empire Co., Ltd. Class A 798,335 12,973,144 # Enbridge Income Fund Holdings, Inc. 375,458 9,648,826 Encana Corp.(292505104) 924,931 9,304,806 Encana Corp.(2793193) 27,200 273,800 Fairfax Financial Holdings, Ltd. 62,754 29,924,107 Finning International, Inc. 90,989 1,831,092 First Quantum Minerals, Ltd. 2,023,681 22,367,212 # Genworth MI Canada, Inc. 72,689 2,120,472 Goldcorp, Inc.(380956409) 1,155,114 15,166,647 Goldcorp, Inc.(2676302) 1,684,062 22,111,967 * Husky Energy, Inc. 1,654,397 19,148,144 Imperial Oil, Ltd.(2454241) 187,707 5,386,931 # Imperial Oil, Ltd.(453038408) 111,871 3,203,986 Industrial Alliance Insurance & Financial Services, Inc. 515,431 23,912,195 * Kinross Gold Corp. 6,095,108 25,128,418 Linamar Corp. 47,987 2,629,999 Lundin Mining Corp. 3,717,826 26,748,666 Magna International, Inc. 636,472 30,353,350 Manulife Financial Corp.(2492519) 3,005,038 61,896,431 Manulife Financial Corp.(56501R106) 1,711,212 35,285,192 Maple Leaf Foods, Inc. 65,321 1,805,464 Potash Corp. of Saskatchewan, Inc. 1,571,839 28,135,918 Sun Life Financial, Inc.(2566124) 1,110,140 42,544,607 Sun Life Financial, Inc.(866796105) 306,432 11,745,539 Suncor Energy, Inc.(B3NB1P2) 3,911,426 127,593,916 Suncor Energy, Inc.(867224107) 1,160,407 37,852,476 # Tahoe Resources, Inc. 82,700 452,387 Teck Resources, Ltd. Class B(2879327) 1,355,792 29,426,695 # Teck Resources, Ltd. Class B(878742204) 1,454,060 31,538,561 TMX Group, Ltd. 25,000 1,325,446 * Tourmaline Oil Corp. 1,076,788 23,880,640 * Turquoise Hill Resources, Ltd.(900435108) 127,382 419,087 * Turquoise Hill Resources, Ltd.(B7WJ1F5) 1,590,290 5,229,749 #* Valeant Pharmaceuticals International, Inc. 929,533 15,300,113 Veresen, Inc. 51,006 744,992 West Fraser Timber Co., Ltd. 11,349 603,065 Wheaton Precious Metals Corp. 200,486 4,071,871 # Whitecap Resources, Inc. 902,184 6,664,620 # WSP Global, Inc. 369,514 14,999,883 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ --------- -------------- CANADA -- (Continued) Yamana Gold, Inc. 3,207,591 $ 8,361,477 -------------- TOTAL CANADA 976,709,945 -------------- DENMARK -- (1.8%) AP Moller - Maersk A.S. Class A 7,706 16,094,182 AP Moller - Maersk A.S. Class B 16,058 35,052,028 Carlsberg A.S. Class B 240,350 26,702,671 Danske Bank A.S. 932,983 37,783,643 DSV A.S. 470,071 30,350,461 # H Lundbeck A.S. 74,464 4,464,993 ISS A.S. 509,394 20,882,516 Jyske Bank A.S. 94,849 5,944,788 # Novozymes A.S. Class B 47,990 2,215,959 Tryg A.S. 10,592 238,662 Vestas Wind Systems A.S. 489,370 47,827,046 -------------- TOTAL DENMARK 227,556,949 -------------- FINLAND -- (0.9%) Fortum Oyj 1,121,163 18,333,394 Nokia Oyj 3,492,391 22,285,584 Stora Enso Oyj Class R 2,037,136 27,236,157 Stora Enso Oyj Sponsored ADR 91,500 1,223,355 UPM-Kymmene Oyj 1,377,276 37,493,714 UPM-Kymmene Oyj Sponsored ADR 69,300 1,886,693 -------------- TOTAL FINLAND 108,458,897 -------------- FRANCE -- (9.1%) AXA SA 2,859,375 84,447,280 # AXA SA Sponsored ADR 5,793 170,720 BNP Paribas SA 2,231,303 172,916,290 Bollore SA 1,510,920 7,010,115 Bouygues SA 709,374 30,413,777 Casino Guichard Perrachon SA 181,821 11,089,475 Cie de Saint-Gobain 554,202 30,750,838 Cie Generale des Etablissements Michelin 142,480 19,296,931 CNP Assurances 497,075 12,000,225 Credit Agricole SA 1,019,955 17,902,603 Electricite de France SA 883,807 8,971,199 Engie SA 4,197,845 67,611,330 Natixis SA 2,277,633 16,550,522 Orange SA 5,424,781 91,282,106 Peugeot SA 2,404,685 51,726,520 Renault SA 838,993 75,586,458 SCOR SE 349,012 14,719,877 Societe Generale SA 1,935,625 113,494,806 STMicroelectronics NV 1,809,335 30,654,083 Total SA 5,191,725 264,018,291 Vivendi SA 1,256,591 29,044,657 -------------- TOTAL FRANCE 1,149,658,103 -------------- GERMANY -- (6.7%) Allianz SE 570,758 121,661,641 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ GERMANY -- (Continued) # Allianz SE Sponsored ADR 2,786,628 $ 59,494,508 BASF SE 8,683 826,621 Bayerische Motoren Werke AG 1,004,588 92,300,968 * Commerzbank AG 1,775,430 23,223,209 Daimler AG 2,793,294 195,711,493 # Deutsche Bank AG(5750355) 1,634,829 29,112,467 Deutsche Bank AG(D18190898) 1,596,412 28,479,990 Deutsche Lufthansa AG 1,270,004 27,273,355 Evonik Industries AG 299,183 10,189,440 Fraport AG Frankfurt Airport Services Worldwide 112,679 11,283,566 Fresenius Medical Care AG & Co. KGaA 247,312 23,321,628 Fresenius Medical Care AG & Co. KGaA ADR 16,919 796,546 GEA Group AG 44,661 1,815,075 Hannover Rueck SE 31,333 3,954,809 HeidelbergCement AG 361,351 35,781,678 Innogy SE 132,900 5,581,785 Lanxess AG 78,559 6,057,990 Linde AG 157,109 29,970,220 Metro AG 731,062 8,215,220 * Metro Wholesale & Food Specialist AG 746,013 15,070,622 Muenchener Rueckversicherungs-Gesellschaft AG 147,162 31,610,309 OSRAM Licht AG 7,588 632,341 * RWE AG 1,630,923 34,364,479 * Talanx AG 179,139 7,387,185 # Telefonica Deutschland Holding AG 1,517,203 7,837,504 Uniper SE 886,107 18,261,756 Volkswagen AG 90,788 14,276,024 ------------ TOTAL GERMANY 844,492,429 ------------ HONG KONG -- (2.5%) # Bank of East Asia, Ltd. (The) 162,822 696,497 Cathay Pacific Airways, Ltd. 6,482,000 10,155,759 CK Hutchison Holdings, Ltd. 6,496,484 85,487,974 FIH Mobile, Ltd. 712,000 237,897 Great Eagle Holdings, Ltd. 15,363 84,249 Guoco Group, Ltd. 6,000 70,340 Hang Lung Group, Ltd. 2,833,000 10,761,106 Hang Lung Properties, Ltd. 4,709,000 11,711,693 Henderson Land Development Co., Ltd. 627,046 3,624,160 Hopewell Holdings, Ltd. 938,669 3,590,191 Kerry Properties, Ltd. 2,580,000 9,040,997 # MTR Corp., Ltd. 460,959 2,661,844 New World Development Co., Ltd. 24,440,857 33,006,068 # NWS Holdings, Ltd. 2,198,400 4,205,700 * Orient Overseas International, Ltd. 72,000 670,060 Shangri-La Asia, Ltd. 4,242,000 6,888,923 Sino Land Co., Ltd. 6,268,592 10,338,602 Sun Hung Kai Properties, Ltd. 2,980,920 46,121,553 Swire Pacific, Ltd. Class A 2,098,000 20,904,797 Swire Pacific, Ltd. Class B 1,262,500 2,235,982 Wharf Holdings, Ltd. (The) 2,242,990 19,064,610 Wheelock & Co., Ltd. 3,631,000 27,361,380 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ HONG KONG -- (Continued) Yue Yuen Industrial Holdings, Ltd. 160,000 $ 660,586 ------------ TOTAL HONG KONG 309,580,968 ------------ IRELAND -- (0.2%) * Bank of Ireland Group P.L.C. 1,482,594 12,373,422 CRH P.L.C. 293,793 10,312,386 CRH P.L.C. Sponsored ADR 198,709 6,968,724 Paddy Power Betfair P.L.C. 6,217 622,895 ------------ TOTAL IRELAND 30,277,427 ------------ ISRAEL -- (0.4%) Azrieli Group, Ltd. 7,300 398,898 Bank Hapoalim BM 3,323,482 23,021,103 Bank Leumi Le-Israel BM 3,826,683 18,383,947 Mizrahi Tefahot Bank, Ltd. 261,601 4,727,108 ------------ TOTAL ISRAEL 46,531,056 ------------ ITALY -- (1.6%) Assicurazioni Generali SpA 27,438 497,676 * Fiat Chrysler Automobiles NV(BRJFWP3) 4,223,093 50,923,551 #* Fiat Chrysler Automobiles NV(N31738102) 1,464,345 17,703,931 * GEDI Gruppo Editoriale SpA 204,397 189,725 Mediobanca SpA 1,304,109 13,606,570 * Telecom Italia SpA 18,504,269 19,037,380 #* Telecom Italia SpA Sponsored ADR 1,847,002 19,208,821 * UniCredit SpA 4,382,253 86,128,532 ------------ TOTAL ITALY 207,296,186 ------------ JAPAN -- (20.9%) # Aeon Co., Ltd. 1,583,500 23,860,178 Aisin Seiki Co., Ltd. 415,000 21,575,427 Alfresa Holdings Corp. 222,100 4,087,559 Amada Holdings Co., Ltd. 312,100 3,564,527 Aoyama Trading Co., Ltd. 41,900 1,460,516 Asahi Glass Co., Ltd. 723,200 30,439,089 Asahi Kasei Corp. 2,293,000 26,185,908 Bank of Kyoto, Ltd. (The) 568,400 5,448,181 Brother Industries, Ltd. 74,355 1,897,128 Canon Marketing Japan, Inc. 153,100 3,381,764 Chiba Bank, Ltd. (The) 1,064,000 7,633,617 Chugoku Bank, Ltd. (The) 256,900 3,723,815 Citizen Watch Co., Ltd. 850,000 6,319,896 Coca-Cola Bottlers Japan, Inc. 160,357 4,836,666 COMSYS Holdings Corp. 31,300 641,228 Concordia Financial Group, Ltd. 2,530,100 12,758,523 Credit Saison Co., Ltd. 178,400 3,436,248 Dai Nippon Printing Co., Ltd. 901,000 9,938,157 Dai-ichi Life Holdings, Inc. 2,403,800 41,523,211 Daicel Corp. 63,500 825,380 Daido Steel Co., Ltd. 466,000 2,835,931 Daiwa Securities Group, Inc. 2,612,000 15,043,307 Denka Co., Ltd. 1,174,000 6,519,958 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ JAPAN -- (Continued) Denso Corp. 362,000 $ 17,385,195 DIC Corp. 228,700 8,626,201 Dowa Holdings Co., Ltd. 231,000 1,864,945 # Ebara Corp. 266,800 7,804,968 Fuji Media Holdings, Inc. 52,200 754,203 FUJIFILM Holdings Corp. 1,123,900 41,312,711 Fukuoka Financial Group, Inc. 1,238,000 5,707,591 Furukawa Electric Co., Ltd. 42,968 1,939,102 Glory, Ltd. 185,800 6,187,191 Gunma Bank, Ltd. (The) 604,496 3,541,717 H2O Retailing Corp. 198,900 3,254,621 Hachijuni Bank, Ltd. (The) 622,531 3,952,359 Hankyu Hanshin Holdings, Inc. 599,500 21,397,042 Heiwa Corp. 64,700 1,423,362 Hiroshima Bank, Ltd. (The) 762,000 3,257,363 Hitachi Capital Corp. 112,800 2,683,465 Hitachi Chemical Co., Ltd. 320,500 9,111,735 Hitachi Construction Machinery Co., Ltd. 344,300 9,856,323 Hitachi Metals, Ltd. 475,400 6,616,659 Hitachi Transport System, Ltd. 105,000 2,416,852 Hitachi, Ltd. 12,504,000 86,025,201 Hokuhoku Financial Group, Inc. 191,900 3,119,610 Honda Motor Co., Ltd. 4,256,100 119,136,100 Honda Motor Co., Ltd. Sponsored ADR 26,040 729,641 House Foods Group, Inc. 75,600 1,951,567 # Ibiden Co., Ltd. 459,900 7,981,342 # Idemitsu Kosan Co., Ltd. 283,596 6,883,300 * IHI Corp. 499,000 1,644,677 Iida Group Holdings Co., Ltd. 551,300 9,419,505 Inpex Corp. 2,451,200 23,853,937 Isetan Mitsukoshi Holdings, Ltd. 594,700 5,795,433 Isuzu Motors, Ltd. 112,300 1,539,879 ITOCHU Corp. 1,998,900 31,345,761 # Iyo Bank, Ltd. (The) 492,300 4,019,657 J Front Retailing Co., Ltd. 977,000 13,963,587 JFE Holdings, Inc. 1,884,900 36,356,895 JGC Corp. 76,900 1,231,869 JSR Corp. 331,200 5,836,410 JTEKT Corp. 447,600 6,371,018 JXTG Holdings, Inc. 6,435,903 28,607,743 # K's Holdings Corp. 152,200 3,055,537 Kamigumi Co., Ltd. 398,000 4,265,403 Kaneka Corp. 1,156,542 9,267,559 Kawasaki Heavy Industries, Ltd. 1,380,000 4,393,778 #* Kawasaki Kisen Kaisha, Ltd. 2,640,000 6,554,746 Kinden Corp. 187,800 2,923,196 * Kobe Steel, Ltd. 1,140,200 14,261,635 Komatsu, Ltd. 586,300 15,723,119 Konica Minolta, Inc. 1,999,600 16,563,081 Kuraray Co., Ltd. 1,340,000 26,051,510 Kurita Water Industries, Ltd. 7,500 213,378 Kyocera Corp. 257,800 15,661,360 Kyocera Corp. Sponsored ADR 25,197 1,539,285 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ JAPAN -- (Continued) Kyushu Financial Group, Inc. 514,749 $ 3,229,909 LIXIL Group Corp. 487,800 12,553,644 Marubeni Corp. 4,429,700 29,353,299 Mazda Motor Corp. 2,631,600 39,560,277 Mebuki Financial Group, Inc. 1,177,020 4,530,960 Medipal Holdings Corp. 418,100 7,650,992 Mitsubishi Chemical Holdings Corp. 3,671,000 30,734,559 Mitsubishi Corp. 1,219,000 26,467,183 Mitsubishi Gas Chemical Co., Inc. 570,500 13,162,341 Mitsubishi Heavy Industries, Ltd. 7,800,000 31,011,640 Mitsubishi Logistics Corp. 80,000 1,027,017 Mitsubishi Materials Corp. 518,200 17,408,463 Mitsubishi Motors Corp. 465,000 3,354,322 Mitsubishi UFJ Financial Group, Inc. 17,854,906 113,273,487 # Mitsubishi UFJ Financial Group, Inc. Sponsored ADR 4,781,372 30,457,340 Mitsubishi UFJ Lease & Finance Co., Ltd. 1,546,200 8,236,738 Mitsui & Co., Ltd. 1,092,800 15,890,165 Mitsui & Co., Ltd. Sponsored ADR 11,723 3,428,860 Mitsui Chemicals, Inc. 3,169,800 18,008,016 Mitsui OSK Lines, Ltd. 4,003,000 12,458,427 Mizuho Financial Group, Inc. 35,354,000 62,872,650 Mizuho Financial Group, Inc. ADR 184,055 657,076 MS&AD Insurance Group Holdings, Inc. 878,353 30,807,854 NEC Corp. 10,864,101 29,533,454 NGK Spark Plug Co., Ltd. 16,000 323,030 NH Foods, Ltd. 179,536 5,310,546 NHK Spring Co., Ltd. 664,200 7,173,742 Nikon Corp. 746,700 13,156,678 Nippo Corp. 214,000 4,353,652 Nippon Electric Glass Co., Ltd. 110,200 3,901,013 Nippon Express Co., Ltd. 3,529,238 22,537,050 Nippon Paper Industries Co., Ltd. 373,800 7,452,394 Nippon Shokubai Co., Ltd. 102,400 6,699,116 Nippon Steel & Sumitomo Metal Corp. 2,142,693 52,598,611 * Nippon Yusen K.K. 7,713,000 14,724,060 Nissan Motor Co., Ltd. 6,443,700 63,981,147 Nisshin Seifun Group, Inc. 42,800 702,835 Nisshinbo Holdings, Inc. 305,000 3,088,616 # NOK Corp. 355,120 8,128,713 Nomura Holdings, Inc. 4,185,600 24,867,573 Nomura Real Estate Holdings, Inc. 427,900 8,481,475 NSK, Ltd. 29,000 373,818 NTN Corp. 1,625,000 7,562,801 Obayashi Corp. 279,682 3,367,555 Oji Holdings Corp. 3,833,000 19,657,385 ORIX Corp. 2,676,400 42,470,239 Resona Holdings, Inc. 7,055,600 36,348,049 Ricoh Co., Ltd. 3,215,400 30,232,839 Rohm Co., Ltd. 46,100 3,563,005 Sankyo Co., Ltd. 73,900 2,425,575 SBI Holdings, Inc. 638,800 9,139,031 Sega Sammy Holdings, Inc. 169,200 2,282,969 Seino Holdings Co., Ltd. 413,700 5,570,414 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ --------- -------------- JAPAN -- (Continued) Sekisui Chemical Co., Ltd. 102,000 $ 1,878,875 Sekisui House, Ltd. 887,400 15,361,058 Shinsei Bank, Ltd. 3,134,000 5,165,621 Shizuoka Bank, Ltd. (The) 851,000 7,592,609 Showa Denko K.K. 261,500 6,806,686 Showa Shell Sekiyu K.K. 184,300 2,007,534 Sojitz Corp. 2,218,300 5,588,051 Sompo Holdings, Inc. 241,800 9,483,927 Sumitomo Chemical Co., Ltd. 7,305,000 42,691,297 Sumitomo Corp. 924,000 12,489,532 Sumitomo Electric Industries, Ltd. 2,838,500 45,882,794 Sumitomo Forestry Co., Ltd. 516,000 7,898,684 Sumitomo Heavy Industries, Ltd. 1,924,000 14,026,760 Sumitomo Metal Mining Co., Ltd. 1,067,000 16,114,555 Sumitomo Mitsui Financial Group, Inc. 2,854,200 110,131,536 Sumitomo Mitsui Trust Holdings, Inc. 505,244 18,554,079 Sumitomo Rubber Industries, Ltd. 659,000 11,427,177 Suzuken Co., Ltd. 113,000 3,773,854 T&D Holdings, Inc. 1,329,500 19,612,463 Taiheiyo Cement Corp. 2,798,212 10,499,670 Takashimaya Co., Ltd. 821,634 7,516,181 TDK Corp. 420,200 30,200,394 Teijin, Ltd. 771,690 15,471,903 THK Co., Ltd. 225,100 6,873,143 Tokai Rika Co., Ltd. 165,500 3,038,977 Tokio Marine Holdings, Inc. 175,700 7,388,756 Tokyo Broadcasting System Holdings, Inc. 49,400 933,717 Tokyo Tatemono Co., Ltd. 397,600 5,410,000 Tokyu Fudosan Holdings Corp. 1,737,700 10,423,712 Toppan Printing Co., Ltd. 1,044,000 11,032,686 Tosoh Corp. 2,121,000 25,112,914 Toyo Seikan Group Holdings, Ltd. 467,949 7,670,777 Toyoda Gosei Co., Ltd. 257,800 6,082,668 Toyota Industries Corp. 198,500 10,649,904 Toyota Motor Corp. 2,811,690 158,466,394 # Toyota Motor Corp. Sponsored ADR 131,300 14,815,892 Toyota Tsusho Corp. 890,200 28,618,182 TV Asahi Holdings Corp. 31,700 576,413 Ube Industries, Ltd. 4,325,000 11,715,868 Universal Entertainment Corp. 23,600 677,074 # Yamada Denki Co., Ltd. 2,456,700 13,120,855 Yamaguchi Financial Group, Inc. 320,148 3,768,087 Yokohama Rubber Co., Ltd. (The) 410,200 8,260,480 Zeon Corp. 65,000 810,947 -------------- TOTAL JAPAN 2,625,081,828 -------------- NETHERLANDS -- (3.1%) ABN AMRO Group NV 397,185 11,226,529 Aegon NV 2,475,925 13,878,677 Akzo Nobel NV 33,168 3,002,834 #* ArcelorMittal(03938L203) 561,400 14,686,227 #* ArcelorMittal(BYPBS67) 1,444,730 38,037,028 Coca-Cola European Partners P.L.C. 31,954 1,386,901 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ NETHERLANDS -- (Continued) Gemalto NV 22,216 $ 1,132,448 ING Groep NV 5,655,087 105,658,714 # ING Groep NV Sponsored ADR 1,003,902 18,803,084 Koninklijke Ahold Delhaize NV 2,893,097 59,175,556 Koninklijke Ahold Delhaize NV Sponsored ADR 211,969 4,332,646 Koninklijke DSM NV 656,841 48,454,044 Koninklijke Philips NV(5986622) 865,952 33,093,256 Koninklijke Philips NV(500472303) 168,204 6,420,347 NN Group NV 726,265 29,438,323 ------------ TOTAL NETHERLANDS 388,726,614 ------------ NEW ZEALAND -- (0.1%) Air New Zealand, Ltd. 667,228 1,679,793 Auckland International Airport, Ltd. 1,190,343 6,223,103 # Fletcher Building, Ltd. 1,318,068 7,912,287 # Fonterra Co-operative Group, Ltd. 156,563 711,521 ------------ TOTAL NEW ZEALAND 16,526,704 ------------ NORWAY -- (0.7%) Aker ASA Class A 26,818 1,015,542 DNB ASA 1,445,966 28,405,256 Norsk Hydro ASA 2,295,351 14,810,853 Norsk Hydro ASA Sponsored ADR 59,900 386,954 SpareBank 1 SR-Bank ASA 70,339 702,049 Statoil ASA 890,278 16,731,951 Statoil ASA Sponsored ADR 226,363 4,246,570 Storebrand ASA 867,737 7,237,996 Subsea 7 SA 603,629 8,944,497 Yara International ASA 260,527 10,354,955 ------------ TOTAL NORWAY 92,836,623 ------------ PORTUGAL -- (0.0%) EDP Renovaveis SA 541,158 4,324,851 ------------ SINGAPORE -- (1.0%) CapitaLand, Ltd. 4,662,800 12,684,385 City Developments, Ltd. 1,500,000 12,450,988 DBS Group Holdings, Ltd. 1,685,918 26,896,491 Frasers Centrepoint, Ltd. 465,500 661,258 Golden Agri-Resources, Ltd. 12,719,900 3,703,794 Hutchison Port Holdings Trust 16,251,500 7,714,636 # Keppel Corp., Ltd. 4,932,100 23,324,817 Olam International, Ltd. 410,300 590,315 # SembCorp Industries, Ltd. 2,887,300 6,876,285 Singapore Airlines, Ltd. 2,535,900 19,434,135 # United Industrial Corp., Ltd. 1,892,070 4,480,659 UOL Group, Ltd. 1,015,674 5,909,629 Wilmar International, Ltd. 217,000 534,202 ------------ TOTAL SINGAPORE 125,261,594 ------------ SPAIN -- (3.5%) Acciona SA 6,116 522,792 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- ------------ SPAIN -- (Continued) Banco de Sabadell SA 17,425,882 $ 38,914,125 # Banco Santander SA 43,494,126 296,115,296 # Banco Santander SA Sponsored ADR 784,463 5,350,038 CaixaBank SA 2,085,447 10,862,350 Iberdrola SA 1,895,013 14,938,266 Mapfre SA 160,977 599,610 Repsol SA 3,965,952 66,421,347 ------------ TOTAL SPAIN 433,723,824 ------------ SWEDEN -- (2.5%) Boliden AB 1,273,315 39,974,493 * Essity AB Class A 62,923 1,819,778 * Essity AB Class B 823,332 23,872,529 Holmen AB Class A 2,781 129,136 Holmen AB Class B 169,766 7,667,575 # ICA Gruppen AB 8,133 325,881 Millicom International Cellular SA 96,457 6,044,141 Nordea Bank AB 7,285,616 91,929,010 Skandinaviska Enskilda Banken AB Class A 2,792,681 35,367,395 Skandinaviska Enskilda Banken AB Class C 26,692 334,853 * SSAB AB Class A 488,788 2,469,568 * SSAB AB Class B 983,615 4,061,510 # Svenska Cellulosa AB SCA Class A 62,923 650,117 Svenska Cellulosa AB SCA Class B 773,898 6,407,786 Svenska Handelsbanken AB Class A 494,915 7,366,366 Svenska Handelsbanken AB Class B 3,434 51,212 Tele2 AB Class B 614,314 7,311,431 # Telefonaktiebolaget LM Ericsson Class A 28,098 182,099 Telefonaktiebolaget LM Ericsson Class B 4,879,427 31,581,644 Telefonaktiebolaget LM Ericsson Sponsored ADR 557,185 3,577,128 Telia Co. AB 7,787,710 36,608,926 Trelleborg AB Class B 330,139 7,775,590 ------------ TOTAL SWEDEN 315,508,168 ------------ SWITZERLAND -- (7.7%) ABB, Ltd. 1,299,195 30,435,358 Adecco Group AG 640,328 48,852,542 Baloise Holding AG 216,241 34,742,584 Banque Cantonale Vaudoise 468 338,597 Cie Financiere Richemont SA 1,106,380 94,053,481 # Clariant AG 1,343,506 31,219,736 # Credit Suisse Group AG 1,363,427 20,958,164 Credit Suisse Group AG Sponsored ADR 1,052,790 16,160,327 * Dufry AG 134,096 21,362,239 Flughafen Zurich AG 10,906 2,781,452 Helvetia Holding AG 2,332 1,303,414 Julius Baer Group, Ltd. 253,888 14,371,843 LafargeHolcim, Ltd.(7110753) 767,697 45,870,810 LafargeHolcim, Ltd.(BZ3DNX4) 375,078 22,512,296 Novartis AG 1,848,470 157,448,448 Novartis AG Sponsored ADR 316,821 26,993,149 Swatch Group AG (The)(7184736) 176,687 13,609,146 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ----------- --------------- SWITZERLAND -- (Continued) # Swatch Group AG (The)(7184725) 139,269 $ 55,256,413 Swiss Life Holding AG 106,141 38,736,435 Swiss Re AG 1,028,159 99,127,048 UBS Group AG(BRJL176) 3,507,610 60,998,968 * UBS Group AG(H42097107) 546,615 9,527,499 Zurich Insurance Group AG 388,187 118,311,444 --------------- TOTAL SWITZERLAND 964,971,393 --------------- UNITED KINGDOM -- (16.4%) * Anglo American P.L.C. 4,837,797 80,025,474 Antofagasta P.L.C. 205,201 2,562,556 Aviva P.L.C. 712,209 5,062,400 Barclays P.L.C. 164,749 441,734 Barclays P.L.C. Sponsored ADR 4,808,211 51,592,104 Barratt Developments P.L.C. 1,813,872 14,731,734 BHP Billiton P.L.C. 767,576 13,995,988 BHP Billiton P.L.C. ADR 211,355 7,695,436 BP P.L.C. Sponsored ADR 9,024,097 317,106,769 Carnival P.L.C. 93,875 6,336,220 Glencore P.L.C. 32,925,747 145,248,452 HSBC Holdings P.L.C. 19,975,015 200,047,936 # HSBC Holdings P.L.C. Sponsored ADR 2,928,997 146,713,459 J Sainsbury P.L.C. 8,162,535 26,372,833 Kingfisher P.L.C. 7,427,275 28,823,446 Lloyds Banking Group P.L.C. 109,617,132 94,768,083 Lloyds Banking Group P.L.C. ADR 1,479,223 5,206,865 Pearson P.L.C. 813,680 7,041,646 # Pearson P.L.C. Sponsored ADR 1,201,322 10,331,369 * Royal Bank of Scotland Group P.L.C. 2,796,353 9,168,010 #* Royal Bank of Scotland Group P.L.C. Sponsored ADR 632,031 4,196,686 Royal Dutch Shell P.L.C. Class A 2,335,407 65,955,219 Royal Dutch Shell P.L.C. Class B 398,623 11,355,855 Royal Dutch Shell P.L.C. Sponsored ADR, Class A 3,655,973 206,672,132 # Royal Dutch Shell P.L.C. Sponsored ADR, Class B 3,846,085 222,534,478 Royal Mail P.L.C. 769,489 4,091,662 * Standard Chartered P.L.C. 5,314,032 59,401,668 Vodafone Group P.L.C. 58,351,986 171,050,264 # Vodafone Group P.L.C. Sponsored ADR 4,011,201 119,052,454 WM Morrison Supermarkets P.L.C. 6,735,041 21,360,855 --------------- TOTAL UNITED KINGDOM 2,058,943,787 --------------- TOTAL COMMON STOCKS 11,834,200,356 --------------- PREFERRED STOCKS -- (0.9%) GERMANY -- (0.9%) Bayerische Motoren Werke AG 58,696 4,677,286 Porsche Automobil Holding SE 267,840 15,329,315 THE DFA INTERNATIONAL VALUE SERIES CONTINUED SHARES VALUE++ ---------- --------------- GERMANY -- (Continued) # Volkswagen AG 552,438 $ 84,958,865 --------------- TOTAL GERMANY 104,965,466 --------------- TOTAL PREFERRED STOCKS 104,965,466 --------------- TOTAL INVESTMENT SECURITIES 11,939,165,822 --------------- VALUE+ --------------- SECURITIES LENDING COLLATERAL -- (5.0%) (S)@ DFA Short Term Investment Fund 54,804,655 634,199,468 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $10,921,553,013)^^ $12,573,365,290 =============== THE DFA INTERNATIONAL VALUE SERIES CONTINUED Summary of the Series' investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- --------------- ------- --------------- Common Stocks Australia $ 75,107,740 $ 695,102,254 -- $ 770,209,994 Austria -- 13,766,788 -- 13,766,788 Belgium -- 123,756,228 -- 123,756,228 Canada 976,709,945 -- -- 976,709,945 Denmark -- 227,556,949 -- 227,556,949 Finland 3,110,048 105,348,849 -- 108,458,897 France 170,720 1,149,487,383 -- 1,149,658,103 Germany 103,841,666 740,650,763 -- 844,492,429 Hong Kong -- 309,580,968 -- 309,580,968 Ireland 19,342,146 10,935,281 -- 30,277,427 Israel -- 46,531,056 -- 46,531,056 Italy 36,912,752 170,383,434 -- 207,296,186 Japan 51,628,094 2,573,453,734 -- 2,625,081,828 Netherlands 45,374,752 343,351,862 -- 388,726,614 New Zealand -- 16,526,704 -- 16,526,704 Norway 4,633,524 88,203,099 -- 92,836,623 Portugal -- 4,324,851 -- 4,324,851 Singapore -- 125,261,594 -- 125,261,594 Spain 5,350,038 428,373,786 -- 433,723,824 Sweden 29,269,435 286,238,733 -- 315,508,168 Switzerland 52,680,975 912,290,418 -- 964,971,393 United Kingdom 1,091,101,752 967,842,035 -- 2,058,943,787 Preferred Stocks Germany -- 104,965,466 -- 104,965,466 Securities Lending Collateral -- 634,199,468 -- 634,199,468 Futures Contracts** 2,068,633 -- -- 2,068,633 -------------- --------------- -- --------------- TOTAL $2,497,302,220 $10,078,131,703 -- $12,575,433,923 ============== =============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. THE JAPANESE SMALL COMPANY SERIES SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (92.0%) Consumer Discretionary -- (17.7%) Adastria Co., Ltd. 194,640 $ 4,862,295 # Adventure, Inc. 4,200 384,644 # Aeon Fantasy Co., Ltd. 49,332 1,519,324 * AGORA Hospitality Group Co., Ltd. 372,000 121,374 Ahresty Corp. 137,600 1,400,940 Aisan Industry Co., Ltd. 210,200 1,877,412 * Akebono Brake Industry Co., Ltd. 624,200 2,064,624 #* Allied Architects, Inc. 43,400 538,506 # Alpen Co., Ltd. 111,900 2,045,206 # Alpha Corp. 34,300 761,831 Alpine Electronics, Inc. 277,500 5,059,405 Amiyaki Tei Co., Ltd. 25,900 988,889 Amuse, Inc. 70,298 1,934,476 * Anrakutei Co., Ltd. 2,200 93,499 AOI TYO Holdings, Inc. 109,931 1,139,422 AOKI Holdings, Inc. 268,400 3,474,188 Aoyama Trading Co., Ltd. 304,000 10,596,587 # Arata Corp. 54,700 1,934,136 Arcland Sakamoto Co., Ltd. 176,200 2,412,003 Arcland Service Holdings Co., Ltd. 98,500 1,713,804 Asahi Broadcasting Corp. 39,100 294,248 Asahi Co., Ltd. 105,600 1,269,909 Asante, Inc. 27,100 471,536 Asatsu-DK, Inc. 215,700 5,529,067 # Ashimori Industry Co., Ltd. 287,000 914,832 # ASKUL Corp. 144,900 4,440,497 * Asrapport Dining Co., Ltd. 36,200 150,938 Asti Corp. 83,000 454,312 # Atom Corp. 524,700 3,750,017 Atsugi Co., Ltd. 1,040,000 1,160,561 Autobacs Seven Co., Ltd. 455,700 7,592,853 Avex Group Holdings, Inc. 243,100 3,196,778 # Beenos, Inc. 31,300 414,902 Belluna Co., Ltd. 291,800 3,355,498 # Bic Camera, Inc. 546,600 6,344,006 # Bookoff Corp. 59,400 435,384 # BRONCO BILLY Co., Ltd. 68,300 1,681,082 Can Do Co., Ltd. 65,500 1,013,638 Central Automotive Products, Ltd. 48,500 684,455 Central Sports Co., Ltd. 41,700 1,770,178 # Ceres, Inc. 8,400 112,296 CHIMNEY Co., Ltd. 27,800 709,042 Chiyoda Co., Ltd. 102,100 2,660,197 Chofu Seisakusho Co., Ltd. 132,900 3,250,516 Chori Co., Ltd. 73,300 1,358,407 Chuo Spring Co., Ltd. 196,000 648,143 Clarion Co., Ltd. 741,000 2,804,249 Cleanup Corp. 129,700 1,044,247 Coco's Japan Co., Ltd. 20,000 390,054 # Colowide Co., Ltd. 370,700 6,436,315 Corona Corp. 96,600 1,013,346 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ---------- Consumer Discretionary -- (Continued) # Create Restaurants Holdings, Inc. 276,900 $2,829,880 D.A. Consortium Holdings, Inc. 118,700 1,548,117 Daido Metal Co., Ltd. 204,900 1,836,543 # Daidoh, Ltd. 143,200 574,125 Daiichikosho Co., Ltd. 56,200 2,706,736 # Daikoku Denki Co., Ltd. 51,800 805,162 Daikyonishikawa Corp. 224,900 3,359,040 Dainichi Co., Ltd. 51,200 381,412 Daisyo Corp. 47,200 767,978 Daiyu Lic Holdings Co., Ltd. 19,100 153,584 DCM Holdings Co., Ltd. 624,200 5,435,760 Descente, Ltd. 250,600 3,641,100 Diamond Dining Co., Ltd. 24,900 556,025 Doshisha Co., Ltd. 153,900 3,100,389 Doutor Nichires Holdings Co., Ltd. 195,386 4,318,200 Dunlop Sports Co., Ltd. 76,600 781,405 Dynic Corp. 174,000 311,018 Eagle Industry Co., Ltd. 147,200 2,561,907 # EDION Corp. 513,900 4,734,854 # ES-Con Japan, Ltd. 215,000 1,033,221 ESCRIT, Inc. 18,400 125,430 #* Evolable Asia Corp. 33,400 799,275 Exedy Corp. 193,000 6,040,311 # F-Tech, Inc. 62,700 867,539 FCC Co., Ltd. 231,400 5,060,195 Fields Corp. 89,000 945,642 Fine Sinter Co., Ltd. 9,800 196,685 First Juken Co., Ltd. 24,200 347,490 First-corp, Inc. 46,100 466,996 FJ Next Co., Ltd. 97,400 784,258 Foster Electric Co., Ltd. 155,800 3,059,159 France Bed Holdings Co., Ltd. 144,200 1,313,145 #* FreakOut Holdings, Inc. 34,800 1,295,359 Fuji Co., Ltd. 111,400 2,773,366 # Fuji Corp. 29,000 535,434 Fuji Corp., Ltd. 153,300 1,039,705 Fuji Kiko Co., Ltd. 137,400 915,513 # Fuji Kyuko Co., Ltd. 261,000 2,747,353 Fuji Oozx, Inc. 6,000 26,217 Fujibo Holdings, Inc. 68,500 2,078,350 Fujikura Rubber, Ltd. 115,800 733,857 # Fujio Food System Co., Ltd. 33,800 538,963 Fujishoji Co., Ltd. 50,400 553,843 # Fujita Kanko, Inc. 50,200 1,815,841 FuKoKu Co., Ltd. 50,700 480,754 # Funai Electric Co., Ltd. 138,900 1,259,197 # Furukawa Battery Co., Ltd. (The) 89,000 743,712 Furyu Corp. 63,800 734,498 Futaba Industrial Co., Ltd. 385,900 3,998,350 G-Tekt Corp. 110,800 2,144,336 Gakken Holdings Co., Ltd. 31,300 930,784 Gakkyusha Co., Ltd. 40,000 585,748 # Genki Sushi Co., Ltd. 20,000 438,635 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Consumer Discretionary -- (Continued) Geo Holdings Corp. 223,300 $2,441,432 Gfoot Co., Ltd. 54,700 403,984 GLOBERIDE, Inc. 62,299 1,078,389 # Gokurakuyu Holdings Co., Ltd. 40,600 296,555 Goldwin, Inc. 4,000 251,713 # Golf Digest Online, Inc. 54,600 404,777 Gourmet Kineya Co., Ltd. 85,000 867,779 GSI Creos Corp. 323,000 430,486 Gunze, Ltd. 1,080,000 4,167,587 H-One Co., Ltd. 129,300 1,482,729 H2O Retailing Corp. 333,000 5,448,913 Hagihara Industries, Inc. 37,700 1,081,654 # Hakuyosha Co., Ltd. 7,600 230,683 Hamee Corp. 36,900 546,109 Handsman Co., Ltd. 31,200 443,807 Happinet Corp. 104,100 1,878,075 # Harada Industry Co., Ltd. 29,700 212,304 Hard Off Corp. Co., Ltd. 57,900 600,343 Haruyama Holdings, Inc. 49,100 453,378 Heian Ceremony Service Co., Ltd. 6,700 58,418 Heiwa Corp. 101,000 2,221,940 HI-LEX Corp. 68,800 1,798,234 Hiday Hidaka Corp. 118,956 3,175,154 # Himaraya Co., Ltd. 35,900 287,648 # Hiramatsu, Inc. 174,500 975,123 HIS Co., Ltd. 249,300 7,665,183 Honeys Holdings Co., Ltd. 106,040 1,197,766 Hoosiers Holdings 181,100 1,815,910 # Hotland Co., Ltd. 60,800 810,815 I K K, Inc. 65,900 495,637 # IBJ, Inc. 103,500 666,798 Ichibanya Co., Ltd. 77,158 2,748,156 Ichikoh Industries, Ltd. 286,000 2,241,953 # IDOM, Inc. 433,200 2,869,366 IJT Technology Holdings Co., Ltd. 126,780 716,863 # Imagica Robot Holdings, Inc. 87,500 554,993 Imasen Electric Industrial 109,300 1,223,763 Imperial Hotel, Ltd. 12,300 240,240 # Intage Holdings, Inc. 111,500 2,278,752 #* Izutsuya Co., Ltd. 61,699 250,128 Janome Sewing Machine Co., Ltd. 112,700 918,349 Japan Best Rescue System Co., Ltd. 52,600 146,972 Japan Wool Textile Co., Ltd. (The) 345,700 2,961,698 JINS, Inc. 84,100 5,121,365 # Joban Kosan Co., Ltd. 37,799 620,842 Jolly - Pasta Co., Ltd. 17,700 260,611 Joshin Denki Co., Ltd. 247,000 3,475,189 Joyful Honda Co., Ltd. 71,900 1,988,536 # JP-Holdings, Inc. 374,800 961,859 JVC Kenwood Corp. 1,000,930 2,914,410 # K's Holdings Corp. 110,600 2,220,383 * Kadokawa Dwango 335,333 4,429,862 * Kappa Create Co., Ltd. 53,600 623,098 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Consumer Discretionary -- (Continued) Kasai Kogyo Co., Ltd. 153,100 $1,992,935 Kawai Musical Instruments Manufacturing Co., Ltd. 45,200 941,778 Keihin Corp. 267,500 3,849,036 # Keiyo Co., Ltd. 212,100 1,473,378 # KFC Holdings Japan, Ltd. 98,100 1,775,575 Ki-Star Real Estate Co., Ltd. 41,900 762,558 * Kintetsu Department Store Co., Ltd. 297,000 987,804 Kitamura Co., Ltd. 2,000 13,244 * KNT-CT Holdings Co., Ltd. 746,000 1,248,533 # Kohnan Shoji Co., Ltd. 188,500 3,437,602 #* Kojima Co., Ltd. 203,400 676,899 Komatsu Seiren Co., Ltd. 193,700 1,345,814 Komehyo Co., Ltd. 42,700 504,372 Komeri Co., Ltd. 202,200 5,915,857 # Konaka Co., Ltd. 135,060 728,608 Koshidaka Holdings Co., Ltd. 76,800 2,083,429 # Kourakuen Holdings Corp. 65,600 1,046,875 KU Holdings Co., Ltd. 130,900 1,189,081 # Kura Corp. 69,200 3,479,982 Kurabo Industries, Ltd. 1,241,000 3,220,769 KYB Corp. 1,247,000 7,038,132 # Kyoritsu Maintenance Co., Ltd. 188,662 5,386,658 #* Laox Co., Ltd. 190,100 923,658 # LEC, Inc. 83,200 2,036,726 # LIFULL Co., Ltd. 364,500 2,910,504 # Look, Inc. 228,000 572,584 # Mamiya-Op Co., Ltd. 25,800 284,589 Mars Engineering Corp. 64,200 1,271,074 #* Maruzen CHI Holdings Co., Ltd. 66,900 213,679 # Matsuya Co., Ltd. 188,500 1,585,075 Matsuya Foods Co., Ltd. 58,600 2,218,723 #* Meganesuper Co., Ltd. 637,300 393,567 Meiko Network Japan Co., Ltd. 146,800 2,095,957 # Meiwa Estate Co., Ltd. 70,500 523,476 Mikuni Corp. 130,500 583,422 # Misawa Homes Co., Ltd. 164,000 1,505,131 Mitsuba Corp. 208,690 3,638,784 Mitsui Home Co., Ltd. 165,000 1,125,077 Mizuno Corp. 594,000 3,453,348 Monogatari Corp. (The) 32,100 1,674,642 Morito Co., Ltd. 71,200 604,973 Mr Max Corp. 113,900 539,964 Murakami Corp. 16,200 348,807 Musashi Seimitsu Industry Co., Ltd. 145,900 4,062,391 Nafco Co., Ltd. 36,700 581,933 Nagawa Co., Ltd. 26,800 969,369 * Naigai Co., Ltd. 54,400 325,317 # Nakayamafuku Co., Ltd. 23,500 167,751 # Nextage Co., Ltd. 40,700 654,632 Nice Holdings, Inc. 444,000 635,947 Nichirin Co., Ltd. 41,700 931,103 Nihon Eslead Corp. 46,400 875,225 Nihon House Holdings Co., Ltd. 258,900 1,234,499 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Consumer Discretionary -- (Continued) # Nihon Plast Co., Ltd. 67,400 $ 800,983 Nihon Tokushu Toryo Co., Ltd. 82,400 1,383,771 Nippon Felt Co., Ltd. 58,200 269,122 Nippon Piston Ring Co., Ltd. 48,600 955,357 Nippon Seiki Co., Ltd. 254,400 4,870,821 Nippon View Hotel Co., Ltd. 33,600 424,699 Nishikawa Rubber Co., Ltd. 22,100 445,347 Nishimatsuya Chain Co., Ltd. 325,800 3,568,126 Nissan Shatai Co., Ltd. 318,900 3,301,741 Nissan Tokyo Sales Holdings Co., Ltd. 208,000 789,366 Nissei Build Kogyo Co., Ltd. 417,000 2,408,934 Nissin Kogyo Co., Ltd. 232,700 3,897,194 Nittan Valve Co., Ltd. 86,000 317,743 Nojima Corp. 171,200 2,770,945 Ohashi Technica, Inc. 43,100 553,240 Ohsho Food Service Corp. 76,400 2,972,214 * Oisix.daichi Inc. 17,300 348,644 Onward Holdings Co., Ltd. 790,000 5,731,196 # Ootoya Holdings Co., Ltd. 21,400 396,883 #* Open Door, Inc. 19,800 608,301 # OPT Holdings, Inc. 86,700 1,093,713 # Otsuka Kagu, Ltd. 69,400 558,079 Pacific Industrial Co., Ltd. 261,100 3,394,245 PAL GROUP Holdings Co., Ltd. 75,500 2,409,847 PALTAC Corp. 214,634 7,787,434 # PanaHome Corp. 507,200 5,508,303 PAPYLESS Co., Ltd. 28,600 812,411 # Parco Co., Ltd. 123,400 1,520,920 Paris Miki Holdings, Inc. 161,800 679,273 # PC Depot Corp. 245,041 1,410,473 # People Co., Ltd. 17,000 284,038 # Pepper Food Service Co., Ltd. 39,700 1,468,338 PIA Corp. 31,100 1,103,147 Piolax, Inc. 170,100 4,699,005 #* Pioneer Corp. 2,066,500 4,080,564 # Plenus Co., Ltd. 133,800 3,133,966 # Press Kogyo Co., Ltd. 623,200 2,931,238 # Pressance Corp. 214,000 2,953,732 Proto Corp. 72,200 1,128,594 # Raccoon Co., Ltd. 79,000 497,146 Regal Corp. 10,000 26,572 Renaissance, Inc. 60,600 1,097,241 #* Renown, Inc. 323,700 604,015 # Resol Holdings Co., Ltd. 168,000 563,698 Resorttrust, Inc. 507,200 9,349,512 Rhythm Watch Co., Ltd. 559,000 1,192,076 Riberesute Corp. 44,200 354,258 # Ride On Express Co., Ltd. 48,300 443,434 # Right On Co., Ltd. 91,325 828,517 Riken Corp. 57,400 2,686,483 Ringer Hut Co., Ltd. 141,900 3,278,389 # Riso Kyoiku Co., Ltd. 211,700 1,584,863 Round One Corp. 456,600 4,876,489 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ---------- Consumer Discretionary -- (Continued) Royal Holdings Co., Ltd. 186,600 $4,473,038 * Royal Hotel, Ltd. (The) 6,000 11,149 Sac's Bar Holdings, Inc. 121,650 1,337,207 Saizeriya Co., Ltd. 194,300 5,652,527 # Sakai Ovex Co., Ltd. 30,899 508,187 San Holdings, Inc. 19,200 398,867 #* Sanden Holdings Corp. 752,000 2,144,909 # Sanei Architecture Planning Co., Ltd. 50,300 896,967 Sangetsu Corp. 328,750 5,923,113 # Sanko Marketing Foods Co., Ltd. 27,800 246,806 Sankyo Seiko Co., Ltd. 186,900 662,700 Sanoh Industrial Co., Ltd. 151,900 1,095,142 # Sanrio Co., Ltd. 306,400 6,153,861 Sanyei Corp. 2,400 83,243 Sanyo Electric Railway Co., Ltd. 429,000 2,197,361 Sanyo Housing Nagoya Co., Ltd. 61,100 624,338 # Sanyo Shokai, Ltd. 71,999 1,084,255 # Scroll Corp. 175,900 614,481 # Seiko Holdings Corp. 979,407 4,372,026 Seiren Co., Ltd. 306,800 5,185,296 Senshukai Co., Ltd. 213,600 1,316,354 # Septeni Holdings Co., Ltd. 643,700 1,967,891 SFP Holdings Co., Ltd. 64,200 1,013,417 # Shidax Corp. 111,200 448,883 Shikibo, Ltd. 779,000 1,059,780 Shimachu Co., Ltd. 297,200 7,437,063 Shimojima Co., Ltd. 29,300 295,175 # Shobunsha Publications, Inc. 258,500 1,758,191 Shochiku Co., Ltd. 54,000 740,367 Shoei Co., Ltd. 74,500 2,134,006 * Showa Corp. 326,000 3,149,200 SKY Perfect JSAT Holdings, Inc. 899,100 4,036,083 # Snow Peak, Inc. 23,700 696,755 SNT Corp. 92,800 609,023 Soft99 Corp. 68,600 554,933 Sotoh Co., Ltd. 41,400 433,488 SPK Corp. 20,200 535,318 St Marc Holdings Co., Ltd. 104,200 3,256,661 Starts Corp., Inc. 185,900 4,857,480 Step Co., Ltd. 47,200 625,194 # Studio Alice Co., Ltd. 60,200 1,413,687 Suminoe Textile Co., Ltd. 351,000 986,235 Sumitomo Riko Co., Ltd. 235,200 2,460,188 # Sun Corp. 104,900 671,996 Suncall Corp. 54,700 318,783 Syuppin Co., Ltd. 41,200 846,088 T RAD Co., Ltd. 479,000 1,513,543 T-Gaia Corp. 155,100 3,103,991 Tachi-S Co., Ltd. 182,840 3,335,614 Tachikawa Corp. 55,100 641,798 Taiho Kogyo Co., Ltd. 98,200 1,384,346 Take And Give Needs Co., Ltd. 62,670 441,249 Takihyo Co., Ltd. 117,000 492,310 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Consumer Discretionary -- (Continued) Tama Home Co., Ltd. 99,500 $ 658,399 Tamron Co., Ltd. 128,500 2,410,374 TBK Co., Ltd. 118,500 533,643 Tear Corp. 40,200 288,928 # Tenpos Busters Co., Ltd. 27,300 480,394 Tigers Polymer Corp. 52,800 355,439 Toa Corp. 132,600 1,382,876 # Toabo Corp. 54,799 279,581 # Toei Animation Co., Ltd. 26,100 1,985,321 Toei Co., Ltd. 449,000 4,577,836 Tohokushinsha Film Corp. 42,600 297,873 Tokai Rika Co., Ltd. 318,800 5,853,933 Token Corp. 47,550 6,045,293 #* Tokyo Base Co., Ltd. 31,800 1,501,164 Tokyo Dome Corp. 577,500 5,558,270 # Tokyo Individualized Educational Institute, Inc. 121,000 1,392,761 Tokyo Radiator Manufacturing Co., Ltd. 21,400 198,279 Tokyotokeiba Co., Ltd. 108,300 3,516,582 # Tokyu Recreation Co., Ltd. 99,000 753,247 Tomy Co., Ltd. 440,593 5,389,518 Topre Corp. 264,300 6,967,189 Toridoll Holdings Corp. 146,300 4,100,838 # Torikizoku Co., Ltd. 45,600 1,066,761 # Tosho Co., Ltd. 51,200 2,364,798 Tow Co., Ltd. 106,400 849,318 Toyo Tire & Rubber Co., Ltd. 164,500 3,376,616 TPR Co., Ltd. 131,000 4,136,868 TS Tech Co., Ltd. 291,000 8,624,537 TSI Holdings Co., Ltd. 468,295 3,381,719 # Tsukada Global Holdings, Inc. 109,400 595,344 Tsukamoto Corp. Co., Ltd. 190,000 222,241 Tsutsumi Jewelry Co., Ltd. 50,900 921,015 TV Asahi Holdings Corp. 123,500 2,245,649 Tv Tokyo Holdings Corp. 90,800 1,889,043 #* U-Shin, Ltd. 123,600 830,114 # Umenohana Co., Ltd. 5,500 139,697 Unipres Corp. 230,700 5,365,466 United Arrows, Ltd. 157,600 4,776,586 * Unitika, Ltd. 3,992,000 2,823,044 Universal Entertainment Corp. 5,000 143,448 ValueCommerce Co., Ltd. 114,000 707,812 Vector, Inc. 170,700 2,484,487 VIA Holdings, Inc. 120,200 1,054,116 # Village Vanguard Co., Ltd. 32,100 298,302 VT Holdings Co., Ltd. 540,600 2,763,440 Wacoal Holdings Corp. 676,000 9,496,340 # WATAMI Co., Ltd. 141,100 1,724,886 Watts Co., Ltd. 26,400 345,657 Workman Co., Ltd. 2,600 79,006 Wowow, Inc. 49,200 1,429,425 Xebio Holdings Co., Ltd. 167,200 3,149,088 Yachiyo Industry Co., Ltd. 32,800 379,754 Yamato International, Inc. 32,500 132,342 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ------------ Consumer Discretionary -- (Continued) # Yasunaga Corp. 40,700 $ 604,414 Yellow Hat, Ltd. 95,200 2,458,539 Yomiuri Land Co., Ltd. 251,000 1,196,671 Yondoshi Holdings, Inc. 114,820 2,883,844 Yorozu Corp. 125,400 2,116,646 # Yoshinoya Holdings Co., Ltd. 54,500 921,486 # Yume No Machi Souzou Iinkai Co., Ltd. 146,400 1,667,362 Yutaka Giken Co., Ltd. 3,700 84,696 Zenrin Co., Ltd. 161,500 4,970,307 # Zojirushi Corp. 241,900 2,525,377 ------------ Total Consumer Discretionary 720,893,223 ------------ Consumer Staples -- (7.7%) # Aeon Hokkaido Corp. 273,900 1,537,649 AFC-HD AMS Life Science Co., Ltd. 1,700 13,092 Ahjikan Co., Ltd. 2,500 27,831 Ain Holdings, Inc. 117,500 8,468,445 Albis Co., Ltd. 34,500 1,440,345 Aohata Corp. 600 13,497 Arcs Co., Ltd. 247,700 5,356,705 Ariake Japan Co., Ltd. 122,300 8,767,883 Artnature, Inc. 125,800 810,880 Axial Retailing, Inc. 90,500 3,548,840 Belc Co., Ltd. 65,300 2,966,153 Bourbon Corp. 15,600 370,609 C'BON COSMETICS Co., Ltd. 4,200 94,632 Cawachi, Ltd. 96,900 2,391,599 Chubu Shiryo Co., Ltd. 138,400 1,996,206 # Chuo Gyorui Co., Ltd. 93,000 243,777 # Ci:z Holdings Co., Ltd. 164,800 5,926,392 Cocokara fine, Inc. 113,160 5,913,385 Cota Co., Ltd. 24,650 273,618 Create SD Holdings Co., Ltd. 164,400 4,159,755 Daikokutenbussan Co., Ltd. 39,900 1,978,606 Delica Foods Co., Ltd. 17,200 260,623 # DyDo Group Holdings, Inc. 55,200 2,737,700 Earth Chemical Co., Ltd. 64,000 3,550,492 Ebara Foods Industry, Inc. 5,900 112,720 Eco's Co., Ltd. 40,500 409,599 Fancl Corp. 95,300 2,051,046 Feed One Co., Ltd. 860,040 1,887,868 * First Baking Co., Ltd. 18,300 204,177 Fuji Oil Holdings, Inc. 362,600 8,567,123 Fujicco Co., Ltd. 138,200 3,349,966 Fujiya Co., Ltd. 8,200 184,108 G-7 Holdings, Inc. 37,300 784,561 # Genky Stores, Inc. 51,000 1,900,987 HABA Laboratories, Inc. 10,000 335,788 Hagoromo Foods Corp. 39,000 490,088 Halows Co., Ltd. 35,400 765,025 # Havix Corp. 8,800 87,937 Hayashikane Sangyo Co., Ltd. 24,200 188,560 Heiwado Co., Ltd. 182,000 4,135,783 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Consumer Staples -- (Continued) Hokkaido Coca-Cola Bottling Co., Ltd. 90,000 $ 576,258 Hokuto Corp. 165,100 2,945,816 House Foods Group, Inc. 71,100 1,835,403 Ichimasa Kamaboko Co., Ltd. 19,500 240,349 Imuraya Group Co., Ltd. 14,600 303,624 Inageya Co., Ltd. 177,800 2,798,064 Itochu-Shokuhin Co., Ltd. 28,800 1,196,118 # Ivy Cosmetics Corp. 11,700 828,072 Iwatsuka Confectionery Co., Ltd. 2,900 121,412 J-Oil Mills, Inc. 68,700 2,397,717 Japan Meat Co., Ltd. 20,300 333,936 Kadoya Sesame Mills, Inc. 3,100 158,190 Kakiyasu Honten Co., Ltd. 41,600 740,791 Kameda Seika Co., Ltd. 72,000 3,597,617 Kaneko Seeds Co., Ltd. 30,600 400,065 Kanemi Co., Ltd. 500 15,416 Kato Sangyo Co., Ltd. 121,700 3,278,027 # Kenko Mayonnaise Co., Ltd. 84,500 2,375,028 Key Coffee, Inc. 109,700 2,171,574 Kirindo Holdings Co., Ltd. 29,300 300,297 Kitanotatsujin Corp. 35,700 378,555 Kobe Bussan Co., Ltd. 78,000 3,865,459 # Kotobuki Spirits Co., Ltd. 120,600 4,451,206 Kusuri no Aoki Holdings Co., Ltd. 93,900 5,167,845 # Kyokuyo Co., Ltd. 62,199 1,750,934 # Lacto Japan Co., Ltd. 13,200 521,777 Life Corp. 165,100 4,371,779 Mandom Corp. 104,400 5,770,625 Marudai Food Co., Ltd. 673,000 3,192,024 Maruha Nichiro Corp. 260,807 7,117,397 # Maxvalu Nishinihon Co., Ltd. 9,200 139,051 Maxvalu Tokai Co., Ltd. 49,300 937,010 # Medical System Network Co., Ltd. 150,000 655,182 Megmilk Snow Brand Co., Ltd. 308,200 8,520,936 Meito Sangyo Co., Ltd. 53,600 701,001 Milbon Co., Ltd. 73,076 4,260,793 Ministop Co., Ltd. 109,500 2,409,142 Mitsubishi Shokuhin Co., Ltd. 84,500 2,444,727 Mitsui Sugar Co., Ltd. 112,770 3,423,958 Miyoshi Oil & Fat Co., Ltd. 37,900 485,027 Morinaga Milk Industry Co., Ltd. 1,164,000 8,503,345 Morishita Jintan Co., Ltd. 2,000 10,898 Morozoff, Ltd. 20,100 1,243,959 Nagatanien Holdings Co., Ltd. 151,000 1,879,976 Nakamuraya Co., Ltd. 21,600 985,070 Natori Co., Ltd. 60,100 1,117,097 Nichimo Co., Ltd. 170,000 280,518 Nihon Chouzai Co., Ltd. 41,360 1,379,668 Niitaka Co., Ltd. 2,060 33,906 Nippon Beet Sugar Manufacturing Co., Ltd. 67,700 1,324,159 Nippon Flour Mills Co., Ltd. 361,000 5,816,924 Nippon Suisan Kaisha, Ltd. 1,759,700 10,269,696 Nisshin Oillio Group, Ltd. (The) 812,000 4,807,047 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ------------ Consumer Staples -- (Continued) Nissin Sugar Co., Ltd. 73,300 $ 1,264,788 Nitto Fuji Flour Milling Co., Ltd. 6,400 230,096 Noevir Holdings Co., Ltd. 74,800 3,877,157 Oenon Holdings, Inc. 320,900 797,387 OIE Sangyo Co., Ltd. 20,900 235,223 Okuwa Co., Ltd. 162,000 1,724,889 Olympic Group Corp. 63,100 336,453 # OUG Holdings, Inc. 53,000 127,321 Prima Meat Packers, Ltd. 956,000 6,103,252 Qol Co., Ltd. 104,700 1,689,300 Retail Partners Co., Ltd. 52,500 554,242 Riken Vitamin Co., Ltd. 74,100 2,896,883 Rock Field Co., Ltd. 142,900 2,416,748 Rokko Butter Co., Ltd. 90,400 2,043,665 # S Foods, Inc. 78,162 2,910,118 S&B Foods, Inc. 4,699 294,459 Sagami Rubber Industries Co., Ltd. 47,000 721,497 # Sakata Seed Corp. 142,600 4,352,021 San-A Co., Ltd. 108,700 4,848,069 Sapporo Holdings, Ltd. 255,700 6,964,355 # Shoei Foods Corp. 76,000 3,252,432 Showa Sangyo Co., Ltd. 613,000 3,331,078 Sogo Medical Co., Ltd. 57,300 2,621,110 ST Corp. 81,200 2,037,703 Starzen Co., Ltd. 55,800 2,499,908 Takara Holdings, Inc. 980,300 9,788,817 Tobu Store Co., Ltd. 19,000 546,919 Toho Co., Ltd. 45,900 1,205,733 Tohto Suisan Co., Ltd. 17,299 295,109 Torigoe Co., Ltd. (The) 82,000 609,654 Toyo Sugar Refining Co., Ltd. 157,000 170,804 # Transaction Co., Ltd. 76,400 792,646 United Super Markets Holdings, Inc. 320,200 3,249,249 Valor Holdings Co., Ltd. 220,500 4,983,268 Warabeya Nichiyo Holdings Co., Ltd. 102,260 2,761,106 Watahan & Co., Ltd. 36,300 765,490 YA-MAN, Ltd. 17,200 1,327,153 # Yaizu Suisankagaku Industry Co., Ltd. 47,300 518,473 # Yakuodo Co., Ltd. 66,600 1,819,059 Yamatane Corp. 61,200 905,921 # Yamaya Corp. 25,600 370,907 Yamazawa Co., Ltd. 2,100 33,890 Yaoko Co., Ltd. 132,100 5,699,876 # Yokohama Reito Co., Ltd. 291,700 2,900,850 Yomeishu Seizo Co., Ltd. 49,800 957,050 Yuasa Funashoku Co., Ltd. 125,000 383,328 Yutaka Foods Corp. 6,000 102,314 ------------ Total Consumer Staples 311,452,285 ------------ Energy -- (1.0%) BP Castrol K.K. 57,400 960,032 Cosmo Energy Holdings Co., Ltd. 363,000 6,289,829 Fuji Kosan Co., Ltd. 33,100 176,415 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Energy -- (Continued) Fuji Oil Co., Ltd. 293,600 $ 894,822 Itochu Enex Co., Ltd. 302,200 2,719,385 #* Japan Drilling Co., Ltd. 41,100 787,500 Japan Oil Transportation Co., Ltd. 9,300 231,939 # Japan Petroleum Exploration Co., Ltd. 195,000 4,049,630 Mitsuuroko Group Holdings Co., Ltd. 186,200 1,203,471 Modec, Inc. 118,500 2,824,907 Nippon Coke & Engineering Co., Ltd. 1,272,800 1,200,551 Nippon Gas Co., Ltd. 225,600 7,080,354 Sala Corp. 308,500 2,570,341 San-Ai Oil Co., Ltd. 345,700 3,512,366 Shinko Plantech Co., Ltd. 247,600 2,115,685 Sinanen Holdings Co., Ltd. 53,100 1,077,381 Toa Oil Co., Ltd. 415,000 541,925 Toyo Kanetsu K.K. 568,000 1,859,205 ----------- Total Energy 40,095,738 ----------- Financials -- (7.7%) 77 Bank, Ltd. (The) 1,749,760 9,021,100 Accretive Co., Ltd. 57,800 195,506 Advance Create Co., Ltd. 8,400 149,302 Aichi Bank, Ltd. (The) 51,700 2,876,113 Aizawa Securities Co., Ltd. 174,000 1,120,758 Akita Bank, Ltd. (The) 1,079,400 3,119,081 # Anicom Holdings, Inc. 105,300 2,665,515 Aomori Bank, Ltd. (The) 1,191,000 4,166,541 Asax Co., Ltd. 1,700 26,010 Awa Bank, Ltd. (The) 1,178,000 7,736,758 Bank of Iwate, Ltd. (The) 105,400 4,102,640 Bank of Kochi, Ltd. (The) 311,000 355,132 # Bank of Nagoya, Ltd. (The) 102,430 3,767,995 Bank of Okinawa, Ltd. (The) 132,960 5,249,604 Bank of Saga, Ltd. (The) 900,000 2,128,738 Bank of the Ryukyus, Ltd. 227,380 3,245,561 Bank of Toyama, Ltd. (The) 1,400 52,193 Chiba Kogyo Bank, Ltd. (The) 309,500 1,596,079 # Chukyo Bank, Ltd. (The) 70,000 1,473,512 Daisan Bank, Ltd. (The) 87,700 1,363,712 Daishi Bank, Ltd. (The) 2,071,000 9,491,152 Daito Bank, Ltd. (The) 873,000 1,329,073 # DSB Co., Ltd. 56,500 329,354 # eGuarantee, Inc. 43,700 1,027,917 # Ehime Bank, Ltd. (The) 192,600 2,433,819 Eighteenth Bank, Ltd. (The) 1,048,000 2,789,386 FIDEA Holdings Co., Ltd. 1,043,400 1,710,705 Financial Products Group Co., Ltd. 445,500 5,042,782 First Bank of Toyama, Ltd. (The) 61,500 281,482 Fukui Bank, Ltd. (The) 1,343,000 3,272,887 Fukushima Bank, Ltd. (The) 1,421,000 1,120,277 Fuyo General Lease Co., Ltd. 98,800 5,792,292 # GCA Corp. 119,400 1,059,411 GMO Click Holdings, Inc. 53,200 369,999 Hokkoku Bank, Ltd. (The) 1,742,000 7,040,134 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Financials -- (Continued) Hokuetsu Bank, Ltd. (The) 130,000 $ 3,086,108 Hokuhoku Financial Group, Inc. 374,900 6,094,538 Hyakugo Bank, Ltd. (The) 1,614,609 6,510,318 Hyakujushi Bank, Ltd. (The) 1,584,000 5,138,286 IBJ Leasing Co., Ltd. 117,200 2,788,206 Ichiyoshi Securities Co., Ltd. 239,700 2,149,197 IwaiCosmo Holdings, Inc. 106,900 1,253,669 Iyo Bank, Ltd. (The) 83,600 682,599 # J Trust Co., Ltd. 311,800 2,485,494 Jaccs Co., Ltd. 674,000 3,159,881 Jafco Co., Ltd. 218,500 10,449,341 * Japan Asia Investment Co., Ltd. 85,800 331,247 Japan Investment Adviser Co., Ltd. 29,800 1,171,303 Japan Securities Finance Co., Ltd. 581,900 2,921,246 Jimoto Holdings, Inc. 686,500 1,225,772 Juroku Bank, Ltd. (The) 2,085,000 6,609,968 kabu.com Securities Co., Ltd. 1,026,600 3,330,414 Kansai Urban Banking Corp. 149,200 1,912,833 Keiyo Bank, Ltd. (The) 1,576,000 6,667,843 Kita-Nippon Bank, Ltd. (The) 49,506 1,419,729 Kiyo Bank, Ltd. (The) 396,690 6,634,272 # Kosei Securities Co., Ltd. (The) 289,000 418,976 # Kyokuto Securities Co., Ltd. 142,100 1,998,993 Kyushu Financial Group, Inc. 236,820 1,485,981 #* M&A Capital Partners Co., Ltd. 41,900 1,910,198 # Marusan Securities Co., Ltd. 214,500 1,811,065 # Matsui Securities Co., Ltd. 532,400 4,357,545 # Michinoku Bank, Ltd. (The) 859,000 1,455,197 Mie Bank, Ltd. (The) 58,700 1,314,187 # Minato Bank, Ltd. (The) 109,200 1,999,298 Mito Securities Co., Ltd. 375,400 1,043,642 Miyazaki Bank, Ltd. (The) 978,000 3,269,487 # Monex Group, Inc. 1,281,300 3,621,504 # Money Partners Group Co., Ltd. 143,200 647,195 Musashino Bank, Ltd. (The) 206,000 6,154,932 # Nagano Bank, Ltd. (The) 52,599 938,665 # Nanto Bank, Ltd. (The) 121,600 3,577,292 Nishi-Nippon Financial Holdings, Inc. 715,700 8,052,375 North Pacific Bank, Ltd. 2,303,600 7,722,107 # OAK Capital Corp. 296,800 721,268 Ogaki Kyoritsu Bank, Ltd. (The) 2,036,000 5,882,112 Oita Bank, Ltd. (The) 1,014,900 3,824,345 Okasan Securities Group, Inc. 817,000 4,947,937 Pocket Card Co., Ltd. 118,600 779,067 Ricoh Leasing Co., Ltd. 96,900 3,385,728 San-In Godo Bank, Ltd. (The) 957,000 7,773,032 # Sawada Holdings Co., Ltd. 142,000 1,289,331 Senshu Ikeda Holdings, Inc. 1,424,200 5,899,527 Shiga Bank, Ltd. (The) 1,365,000 7,234,016 Shikoku Bank, Ltd. (The) 1,210,000 3,244,576 Shimane Bank, Ltd. (The) 17,700 212,246 Shimizu Bank, Ltd. (The) 49,500 1,571,342 #* Showa Holdings Co., Ltd. 93,300 119,937 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Financials -- (Continued) # Sparx Group Co., Ltd. 623,300 $ 1,242,327 Taiko Bank, Ltd. (The) 226,000 481,118 Tochigi Bank, Ltd. (The) 705,000 2,868,720 Toho Bank, Ltd. (The) 1,323,200 4,616,828 Tohoku Bank, Ltd. (The) 588,000 810,003 Tokai Tokyo Financial Holdings, Inc. 1,190,900 6,946,513 Tokyo TY Financial Group, Inc. 155,338 4,134,107 Tomato Bank, Ltd. 49,500 689,989 TOMONY Holdings, Inc. 913,950 4,469,342 Tottori Bank, Ltd. (The) 45,300 699,100 Towa Bank, Ltd. (The) 2,080,000 2,316,621 Toyo Securities Co., Ltd. 438,000 994,830 Tsukuba Bank, Ltd. 534,200 1,601,607 Yamagata Bank, Ltd. (The) 905,500 4,110,556 Yamanashi Chuo Bank, Ltd. (The) 976,000 3,986,622 ------------ Total Financials 312,156,170 ------------ Health Care -- (4.6%) Advantage Risk Management Co., Ltd. 33,500 443,181 As One Corp. 86,768 4,334,409 # ASKA Pharmaceutical Co., Ltd. 164,300 2,459,119 Biofermin Pharmaceutical Co., Ltd. 17,100 474,470 BML, Inc. 136,600 2,810,220 # CMIC Holdings Co., Ltd. 76,100 1,056,971 Create Medic Co., Ltd. 29,500 264,132 # Daiken Medical Co., Ltd. 110,600 791,086 Daito Pharmaceutical Co., Ltd. 75,280 2,008,615 Dvx, Inc. 28,100 320,793 # Eiken Chemical Co., Ltd. 107,100 3,546,014 Elan Corp. 20,700 468,957 EM Systems Co., Ltd. 57,100 1,321,751 EPS Holdings, Inc. 217,700 3,570,359 Falco Holdings Co., Ltd. 46,700 653,567 # FINDEX, Inc. 124,100 1,057,529 Fuji Pharma Co., Ltd. 49,800 1,702,843 Fukuda Denshi Co., Ltd. 11,300 840,008 Fuso Pharmaceutical Industries, Ltd. 41,500 1,044,623 Hogy Medical Co., Ltd. 74,900 5,466,599 Iwaki & Co., Ltd. 179,000 665,073 # Japan Lifeline Co., Ltd. 117,800 5,415,448 Japan Medical Dynamic Marketing, Inc. 121,200 1,081,289 Jeol, Ltd. 543,000 2,959,859 JMS Co., Ltd. 172,000 513,175 Kawasumi Laboratories, Inc. 73,000 463,593 Kissei Pharmaceutical Co., Ltd. 163,700 4,233,140 KYORIN Holdings, Inc. 281,400 6,006,919 Linical Co., Ltd. 80,000 1,388,627 Mani, Inc. 139,000 3,303,792 #* Medical Data Vision Co., Ltd. 52,000 1,144,630 Medius Holdings Co., Ltd. 13,000 306,742 Menicon Co., Ltd. 81,900 2,681,482 Mochida Pharmaceutical Co., Ltd. 78,399 5,462,350 # N Field Co., Ltd. 71,500 984,073 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ------------ Health Care -- (Continued) Nagaileben Co., Ltd. 51,200 $ 1,276,065 Nakanishi, Inc. 117,700 4,931,299 # ND Software Co., Ltd. 5,200 54,102 # Nichi-iko Pharmaceutical Co., Ltd. 264,250 4,048,169 NichiiGakkan Co., Ltd. 254,700 2,665,617 Nihon Kohden Corp. 323,100 7,721,784 Nikkiso Co., Ltd. 403,400 4,163,098 Nippon Chemiphar Co., Ltd. 17,100 803,410 Nipro Corp. 767,500 10,411,009 Nissui Pharmaceutical Co., Ltd. 74,900 945,296 Paramount Bed Holdings Co., Ltd. 114,200 5,202,946 Rion Co., Ltd. 54,800 969,624 Rohto Pharmaceutical Co., Ltd. 469,800 9,490,119 Sawai Pharmaceutical Co., Ltd. 193,300 10,894,724 # Seed Co., Ltd. 35,400 754,030 * Shin Nippon Biomedical Laboratories, Ltd. 112,500 619,077 Ship Healthcare Holdings, Inc. 279,700 8,584,064 Shofu, Inc. 41,000 491,498 Software Service, Inc. 18,000 816,605 #* Sosei Group Corp. 103,300 10,717,665 St-Care Holding Corp. 10,600 167,695 # Taiko Pharmaceutical Co., Ltd. 66,800 1,346,241 Techno Medica Co., Ltd. 27,200 482,050 # Toho Holdings Co., Ltd. 321,000 6,345,747 Tokai Corp. 68,900 3,044,528 Torii Pharmaceutical Co., Ltd. 102,700 2,867,981 Towa Pharmaceutical Co., Ltd. 60,700 2,931,940 Tsukui Corp. 353,900 2,149,079 Tsumura & Co. 149,500 5,810,543 Uchiyama Holdings Co., Ltd. 24,200 102,058 # Vital KSK Holdings, Inc. 236,400 1,893,484 Wakamoto Pharmaceutical Co., Ltd. 107,000 269,797 WIN-Partners Co., Ltd. 96,600 1,224,260 # ZERIA Pharmaceutical Co., Ltd. 182,399 3,178,581 ------------ Total Health Care 188,619,623 ------------ Industrials -- (26.1%) NJS Co., Ltd. 32,900 403,182 # A&A Material Corp. 127,000 143,980 Abist Co., Ltd. 17,500 703,505 Advan Co., Ltd. 167,700 1,516,462 Advanex, Inc. 22,099 377,080 Aeon Delight Co., Ltd. 123,400 4,122,300 Aica Kogyo Co., Ltd. 314,300 10,086,016 Aichi Corp. 221,900 1,572,689 Aida Engineering, Ltd. 352,400 3,564,339 AIT Corp. 52,100 508,955 Ajis Co., Ltd. 28,200 571,142 Alinco, Inc. 76,800 858,581 Alps Logistics Co., Ltd. 98,600 711,333 Altech Corp. 48,650 1,622,548 Anest Iwata Corp. 202,800 1,889,259 #* Arrk Corp. 466,800 507,743 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) Asahi Diamond Industrial Co., Ltd. 328,200 $2,482,123 # Asahi Kogyosha Co., Ltd. 26,900 810,709 Asanuma Corp. 402,000 1,231,370 # Asukanet Co., Ltd. 64,400 947,265 Asunaro Aoki Construction Co., Ltd. 142,800 1,225,038 Bando Chemical Industries, Ltd. 235,400 2,408,565 Bell System24 Holdings, Inc. 216,300 2,428,902 Benefit One, Inc. 101,400 4,117,766 Br Holdings Corp. 129,900 467,189 Bunka Shutter Co., Ltd. 353,000 3,036,988 Canare Electric Co., Ltd. 15,300 344,824 Career Design Center Co., Ltd. 32,400 403,377 Central Glass Co., Ltd. 1,214,000 5,326,380 # Central Security Patrols Co., Ltd. 52,500 964,937 Chilled & Frozen Logistics Holdings Co., Ltd. 36,200 430,760 # Chiyoda Corp. 993,000 5,964,095 Chiyoda Integre Co., Ltd. 76,100 1,634,385 Chudenko Corp. 157,900 4,224,943 Chugai Ro Co., Ltd. 389,000 772,427 Chuo Warehouse Co., Ltd. 900 8,750 CKD Corp. 341,900 5,728,329 Comany, Inc. 3,700 52,302 Cosel Co., Ltd. 120,800 1,485,488 Creek & River Co., Ltd. 66,900 826,390 CTI Engineering Co., Ltd. 75,300 752,567 CTS Co., Ltd. 121,200 795,655 Dai-Dan Co., Ltd. 182,000 2,491,305 Daido Kogyo Co., Ltd. 236,000 720,707 # Daihatsu Diesel Manufacturing Co., Ltd. 86,000 556,920 Daihen Corp. 641,000 5,714,405 Daiho Corp. 563,000 2,720,796 Daiichi Jitsugyo Co., Ltd. 278,000 1,613,085 Daiki Axis Co., Ltd. 26,900 250,327 Daiohs Corp. 3,200 36,523 Daiseki Co., Ltd. 216,263 5,136,252 # Daiseki Eco. Solution Co., Ltd. 39,159 507,614 Daisue Construction Co., Ltd. 43,500 410,095 Daiwa Industries, Ltd. 191,100 2,179,439 Denyo Co., Ltd. 94,300 1,658,062 DMG Mori Co., Ltd. 538,900 8,939,603 DMW Corp. 4,800 83,385 Duskin Co., Ltd. 224,100 6,083,609 Ebara Jitsugyo Co., Ltd. 39,300 557,555 EF-ON, Inc. 71,500 645,814 Eidai Co., Ltd. 135,000 637,606 en-japan, Inc. 144,300 4,137,532 Endo Lighting Corp. 68,900 779,460 #* Enshu, Ltd. 197,000 258,939 # Escrow Agent Japan Co., Ltd. 25,800 756,556 F&M Co., Ltd. 25,000 256,394 # Freund Corp. 66,800 957,185 Fudo Tetra Corp. 1,066,900 1,761,308 Fuji Die Co., Ltd. 17,300 118,064 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Industrials -- (Continued) # Fuji Machine Manufacturing Co., Ltd. 119,900 $ 1,950,750 Fujikura, Ltd. 1,185,300 9,979,345 Fujisash Co., Ltd. 528,600 545,199 Fujitec Co., Ltd. 436,800 6,025,698 Fukuda Corp. 79,000 3,623,600 Fukushima Industries Corp. 86,400 3,587,567 # Fukuyama Transporting Co., Ltd. 774,400 4,946,094 # FULLCAST Holdings Co., Ltd. 127,700 1,607,460 Funai Soken Holdings, Inc. 161,760 4,214,172 Furukawa Co., Ltd. 2,103,000 3,901,586 Furusato Industries, Ltd. 55,600 885,042 Futaba Corp. 216,600 3,972,365 Gakujo Co., Ltd. 20,700 234,093 Gecoss Corp. 104,400 1,182,541 # Giken, Ltd. 78,800 2,103,128 Glory, Ltd. 268,900 8,954,444 GS Yuasa Corp. 2,130,000 10,053,100 # Hamakyorex Co., Ltd. 102,200 2,702,205 Hanwa Co., Ltd. 1,221,000 8,732,154 Hazama Ando Corp. 1,082,400 7,469,126 Helios Techno Holdings Co., Ltd. 99,200 708,702 Hibiya Engineering, Ltd. 131,000 2,395,419 Hirakawa Hewtech Corp. 66,300 907,608 Hirano Tecseed Co., Ltd. 47,400 700,630 # Hirata Corp. 36,100 4,085,321 Hisaka Works, Ltd. 141,800 1,272,140 Hitachi Transport System, Ltd. 163,400 3,761,083 Hitachi Zosen Corp. 991,379 5,218,586 Hito Communications, Inc. 45,300 715,939 Hokuetsu Industries Co., Ltd. 120,900 1,051,776 # Hokuriku Electrical Construction Co., Ltd. 45,700 393,013 Hosokawa Micron Corp. 44,000 2,137,680 # Howa Machinery, Ltd. 78,700 581,253 # Ichiken Co., Ltd. 151,000 560,038 Ichinen Holdings Co., Ltd. 120,800 1,417,030 Idec Corp. 183,500 3,059,739 Ihara Science Corp. 18,200 357,294 Iino Kaiun Kaisha, Ltd. 574,700 2,642,530 Inaba Denki Sangyo Co., Ltd. 138,700 5,463,053 # Inaba Seisakusho Co., Ltd. 56,300 696,065 Inabata & Co., Ltd. 296,300 4,164,993 Interworks, Inc. 6,800 69,403 Inui Global Logistics Co., Ltd. 96,780 741,635 Iseki & Co., Ltd. 111,000 2,308,737 # Ishii Iron Works Co., Ltd. 11,000 168,594 Itoki Corp. 241,400 1,960,927 Iwaki Co., Ltd. 6,400 139,762 Iwasaki Electric Co., Ltd. 372,000 719,248 # Iwatani Corp. 1,162,000 7,532,967 JAC Recruitment Co., Ltd. 94,600 1,543,571 # Jalux, Inc. 39,500 995,882 # Jamco Corp. 68,400 1,733,894 Japan Asia Group, Ltd. 117,200 456,084 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) Japan Foundation Engineering Co., Ltd. 156,600 $ 553,884 Japan Pulp & Paper Co., Ltd. 602,000 2,303,285 Japan Steel Works, Ltd. (The) 398,400 6,579,663 Japan Transcity Corp. 242,000 935,947 JK Holdings Co., Ltd. 92,440 586,592 Juki Corp. 194,500 2,942,222 Kamei Corp. 148,700 2,125,242 Kanaden Corp. 116,600 1,241,108 Kanagawa Chuo Kotsu Co., Ltd. 194,000 1,281,142 Kanamoto Co., Ltd. 171,600 6,151,735 Kandenko Co., Ltd. 626,000 6,699,552 Kanematsu Corp. 2,438,625 5,329,194 Katakura Industries Co., Ltd. 138,900 1,609,250 Kato Works Co., Ltd. 62,800 2,020,201 KAWADA TECHNOLOGIES, Inc. 53,700 3,687,347 Kawagishi Bridge Works Co., Ltd. 28,000 234,776 Kawasaki Kinkai Kisen Kaisha, Ltd. 96,000 288,226 #* Kawasaki Kisen Kaisha, Ltd. 2,758,000 6,847,723 Keihin Co., Ltd. 249,000 363,369 KFC, Ltd. 3,400 64,828 * KI Holdings Co., Ltd. 88,000 231,314 Kimura Chemical Plants Co., Ltd. 39,900 134,507 Kimura Unity Co., Ltd. 2,200 23,183 King Jim Co., Ltd. 81,300 753,642 #* Kinki Sharyo Co., Ltd. (The) 18,899 439,764 Kintetsu World Express, Inc. 191,200 3,348,298 Kitagawa Iron Works Co., Ltd. 53,700 1,147,819 Kitano Construction Corp. 266,000 921,163 Kito Corp. 121,100 1,400,767 Kitz Corp. 543,500 4,863,441 * Kobe Electric Railway Co., Ltd. 19,000 69,447 Kobelco Eco-Solutions Co., Ltd. 103,000 407,109 Koike Sanso Kogyo Co., Ltd. 145,000 405,094 # Kokusai Co., Ltd. 41,700 432,756 Kokuyo Co., Ltd. 525,125 8,362,100 KOMAIHALTEC, Inc. 25,700 529,324 Komatsu Wall Industry Co., Ltd. 40,700 766,873 Komori Corp. 348,700 4,146,249 Kondotec, Inc. 124,000 1,128,519 Konoike Transport Co., Ltd. 145,700 1,984,324 #* Kosaido Co., Ltd. 248,600 833,959 KRS Corp. 38,100 1,033,137 Kumagai Gumi Co., Ltd. 2,175,000 7,533,766 Kuroda Electric Co., Ltd. 219,100 4,189,095 Kyodo Printing Co., Ltd. 506,000 1,770,830 Kyokuto Boeki Kaisha, Ltd. 135,000 347,605 Kyokuto Kaihatsu Kogyo Co., Ltd. 190,500 3,189,261 Kyoritsu Printing Co., Ltd. 142,000 450,702 Kyowa Exeo Corp. 481,800 8,225,957 Kyudenko Corp. 183,700 6,928,704 # Like Co., Ltd. 28,300 923,488 # Link And Motivation, Inc. 251,400 1,679,464 Lonseal Corp. 13,900 332,140 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) Luckland Co., Ltd. 18,200 $ 343,854 Maeda Corp. 821,000 9,926,561 Maeda Kosen Co., Ltd. 120,100 1,762,156 Maeda Road Construction Co., Ltd. 387,000 7,990,245 Maezawa Industries, Inc. 35,700 126,469 Maezawa Kasei Industries Co., Ltd. 56,100 625,768 Maezawa Kyuso Industries Co., Ltd. 52,400 761,937 Makino Milling Machine Co., Ltd. 655,000 5,531,639 # Marubeni Construction Material Lease Co., Ltd. 75,000 152,923 Marufuji Sheet Piling Co., Ltd. 58,000 150,975 Maruka Machinery Co., Ltd. 32,200 540,313 # Maruwa Unyu Kikan Co., Ltd. 36,300 1,324,653 Maruyama Manufacturing Co., Inc. 23,000 387,095 Maruzen Co., Ltd. 46,000 755,467 Maruzen Showa Unyu Co., Ltd. 320,000 1,392,784 Matsuda Sangyo Co., Ltd. 85,882 1,165,629 Matsui Construction Co., Ltd. 135,300 1,157,568 Max Co., Ltd. 191,000 2,612,943 Meidensha Corp. 1,220,050 4,334,803 Meiji Electric Industries Co., Ltd. 16,900 229,403 Meiji Shipping Co., Ltd. 111,000 407,721 Meisei Industrial Co., Ltd. 251,000 1,626,751 Meitec Corp. 181,300 8,496,935 # Meiwa Corp. 158,000 626,918 Mesco, Inc. 22,000 250,400 METAWATER Co., Ltd. 79,600 2,201,285 # Mie Kotsu Group Holdings, Inc. 277,100 1,042,519 Mirait Holdings Corp. 374,085 4,385,986 Mitani Corp. 68,200 2,690,056 Mitsubishi Kakoki Kaisha, Ltd. 361,000 795,414 # Mitsubishi Nichiyu Forklift Co., Ltd. 212,200 1,707,403 # Mitsubishi Pencil Co., Ltd. 200,600 5,466,072 Mitsuboshi Belting, Ltd. 328,000 3,752,375 Mitsui Engineering & Shipbuilding Co., Ltd. 5,109,000 7,122,196 Mitsui Matsushima Co., Ltd. 84,700 1,141,270 Mitsui-Soko Holdings Co., Ltd. 675,000 1,841,973 # Mitsumura Printing Co., Ltd. 93,000 204,956 # Miyaji Engineering Group, Inc. 343,175 836,069 Morita Holdings Corp. 227,700 3,570,974 # NAC Co., Ltd. 63,300 570,650 # Nachi-Fujikoshi Corp. 1,045,000 5,776,172 Nagase & Co., Ltd. 503,500 7,903,839 Naigai Trans Line, Ltd. 22,400 286,332 Nakabayashi Co., Ltd. 216,000 636,635 Nakamoto Packs Co., Ltd. 5,900 166,171 Nakano Corp. 76,600 420,383 Nakano Refrigerators Co., Ltd. 400 12,641 Namura Shipbuilding Co., Ltd. 324,628 1,859,814 Narasaki Sangyo Co., Ltd. 109,000 304,428 NDS Co., Ltd. 26,200 756,925 # NEC Capital Solutions, Ltd. 57,300 987,158 Nichias Corp. 587,000 7,128,784 Nichiban Co., Ltd. 141,000 1,257,607 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Industrials -- (Continued) Nichiden Corp. 28,000 $ 1,004,996 Nichiha Corp. 178,680 6,637,057 Nichireki Co., Ltd. 155,600 1,882,610 Nihon Dengi Co., Ltd. 22,800 595,685 Nihon Flush Co., Ltd. 41,000 551,476 # Nihon Trim Co., Ltd. 31,500 1,310,646 Nikkato Corp. 700 4,063 Nikko Co., Ltd. 36,700 753,376 Nikkon Holdings Co., Ltd. 356,800 8,434,812 Nippi, Inc. 33,000 238,163 Nippo Corp. 227,000 4,618,127 Nippon Air Conditioning Services Co., Ltd. 101,500 651,333 Nippon Aqua Co., Ltd. 85,800 417,076 # Nippon Carbon Co., Ltd. 66,500 2,171,521 # Nippon Concept Corp. 24,500 276,886 Nippon Densetsu Kogyo Co., Ltd. 227,300 4,517,784 Nippon Dry-Chemical Co., Ltd. 300 6,490 Nippon Filcon Co., Ltd. 70,900 383,738 Nippon Hume Corp. 129,400 808,285 Nippon Kanzai Co., Ltd. 101,100 1,817,907 Nippon Koei Co., Ltd. 86,600 2,396,054 # Nippon Parking Development Co., Ltd. 1,259,200 1,883,272 Nippon Rietec Co., Ltd. 8,300 97,868 Nippon Road Co., Ltd. (The) 437,000 2,440,858 # Nippon Seisen Co., Ltd. 100,000 743,117 #* Nippon Sharyo, Ltd. 422,000 1,097,799 #* Nippon Sheet Glass Co., Ltd. 632,100 5,348,767 Nippon Steel & Sumikin Bussan Corp. 95,560 4,925,789 Nippon Thompson Co., Ltd. 410,000 2,342,350 # Nippon Tungsten Co., Ltd. 62,000 158,217 Nishi-Nippon Railroad Co., Ltd. 1,967,000 8,669,204 Nishimatsu Construction Co., Ltd. 1,794,000 10,324,340 Nishio Rent All Co., Ltd. 104,000 3,461,956 # Nissei ASB Machine Co., Ltd. 52,300 1,802,138 Nissei Corp. 37,900 349,252 Nissei Plastic Industrial Co., Ltd. 184,500 1,929,340 Nisshinbo Holdings, Inc. 870,500 8,815,213 Nissin Corp. 460,000 2,224,694 # Nissin Electric Co., Ltd. 388,100 4,713,347 Nitta Corp. 105,000 3,372,268 Nitto Boseki Co., Ltd. 934,000 5,441,551 Nitto Kogyo Corp. 167,200 2,708,152 Nitto Kohki Co., Ltd. 68,500 1,627,771 Nitto Seiko Co., Ltd. 161,500 794,498 Nittoc Construction Co., Ltd. 173,600 918,295 Nittoku Engineering Co., Ltd. 81,900 2,529,637 Noda Corp. 153,600 1,428,171 Nomura Co., Ltd. 220,200 4,659,529 Noritake Co., Ltd. 70,600 2,706,363 # Noritz Corp. 172,400 3,381,322 # NS Tool Co., Ltd. 31,700 573,602 NS United Kaiun Kaisha, Ltd. 656,000 1,371,102 NTN Corp. 821,000 3,820,960 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Industrials -- (Continued) Obara Group, Inc. 79,200 $ 4,379,023 # Odelic Co., Ltd. 23,700 1,088,403 # Ohba Co., Ltd. 56,300 247,580 Ohmoto Gumi Co., Ltd. 11,000 89,926 Oiles Corp. 151,350 2,706,712 Okabe Co., Ltd. 242,100 2,369,921 Okada Aiyon Corp. 25,600 318,637 # Okamoto Machine Tool Works, Ltd. 254,000 656,747 Okamura Corp. 398,100 4,047,147 OKK Corp. 459,000 590,562 OKUMA Corp. 849,000 8,161,480 Okumura Corp. 999,400 7,272,681 # Onoken Co., Ltd. 103,800 1,726,240 Organo Corp. 234,000 1,247,364 Origin Electric Co., Ltd. 173,000 490,891 # OSG Corp. 452,700 9,544,867 OSJB Holdings Corp. 840,700 2,309,214 Outsourcing, Inc. 90,800 4,535,669 Oyo Corp. 130,000 1,884,213 # Paraca, Inc. 21,000 424,279 Parker Corp. 12,000 62,609 # Pasco Corp. 137,000 462,070 # Pasona Group, Inc. 126,800 1,409,457 Pegasus Sewing Machine Manufacturing Co., Ltd. 126,500 852,136 Penta-Ocean Construction Co., Ltd. 1,890,000 11,258,851 Pilot Corp. 203,600 8,868,546 Prestige International, Inc. 294,400 3,224,375 Pronexus, Inc. 126,400 1,432,379 # PS Mitsubishi Construction Co., Ltd. 177,700 815,130 Punch Industry Co., Ltd. 39,000 468,218 Quick Co., Ltd. 61,500 883,248 Raito Kogyo Co., Ltd. 322,900 3,488,049 Rasa Corp. 20,200 166,661 # Relia, Inc. 285,100 3,047,679 Rheon Automatic Machinery Co., Ltd. 110,500 1,195,344 Rix Corp. 1,700 27,885 Ryobi, Ltd. 850,200 4,020,704 Sakai Heavy Industries, Ltd. 237,000 732,569 Sakai Moving Service Co., Ltd. 65,000 3,137,070 #* Sanix, Inc. 173,800 414,725 Sanki Engineering Co., Ltd. 297,600 3,364,635 Sanko Gosei, Ltd. 3,400 11,119 # Sanko Metal Industrial Co., Ltd. 13,600 409,747 # Sankyo Tateyama, Inc. 166,200 2,347,976 Sankyu, Inc. 1,540,000 11,599,033 # Sanoyas Holdings Corp. 141,400 329,427 Sansei Technologies, Inc. 39,500 336,073 Sanwa Holdings Corp. 923,800 10,003,474 Sanyo Denki Co., Ltd. 284,000 3,163,470 # Sanyo Engineering & Construction, Inc. 62,300 481,442 Sanyo Industries, Ltd. 99,000 201,875 Sanyo Trading Co., Ltd. 61,900 1,410,350 Sata Construction Co., Ltd. 85,399 352,889 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) Sato Holdings Corp. 158,700 $3,806,145 Sato Shoji Corp. 68,800 620,113 # Sawafuji Electric Co., Ltd. 35,000 184,288 SBS Holdings, Inc. 117,700 898,245 # Secom Joshinetsu Co., Ltd. 32,900 1,037,194 Seibu Electric Industry Co., Ltd. 20,500 444,585 Seika Corp. 313,000 1,353,106 Seikitokyu Kogyo Co., Ltd. 203,400 1,102,905 Seino Holdings Co., Ltd. 122,200 1,645,406 Sekisui Jushi Corp. 180,900 3,289,695 Senko Group Holdings Co., Ltd. 635,400 4,325,539 Senshu Electric Co., Ltd. 36,600 736,642 Shibusawa Warehouse Co., Ltd. (The) 271,000 892,271 Shibuya Corp. 108,000 3,288,336 Shima Seiki Manufacturing, Ltd. 161,400 7,849,433 Shin Nippon Air Technologies Co., Ltd. 86,280 1,243,742 # Shin-Keisei Electric Railway Co., Ltd. 181,000 684,133 Shinmaywa Industries, Ltd. 550,000 4,808,957 Shinnihon Corp. 186,700 1,520,728 Shinsho Corp. 35,500 939,506 Shinwa Co., Ltd. 47,500 945,738 * Shoko Co., Ltd. 293,000 278,892 Showa Aircraft Industry Co., Ltd. 18,437 198,713 # SIGMAXYZ, Inc. 56,700 416,844 Sinfonia Technology Co., Ltd. 806,000 3,382,502 Sinko Industries, Ltd. 119,600 1,827,186 Sintokogio, Ltd. 277,500 2,922,283 Soda Nikka Co., Ltd. 94,000 466,170 Sodick Co., Ltd. 292,200 3,558,681 Space Co., Ltd. 72,520 972,192 Srg Takamiya Co., Ltd. 125,100 654,017 Star Micronics Co., Ltd. 196,000 3,244,861 # Subaru Enterprise Co., Ltd. 6,700 379,225 Sugimoto & Co., Ltd. 37,300 549,930 Sumitomo Densetsu Co., Ltd. 106,800 1,700,978 Sumitomo Mitsui Construction Co., Ltd. 5,477,700 5,955,739 Sumitomo Precision Products Co., Ltd. 189,000 614,503 Sumitomo Warehouse Co., Ltd. (The) 819,000 5,247,963 * SWCC Showa Holdings Co., Ltd. 1,562,000 1,288,115 Tadano, Ltd. 591,700 7,328,536 Taihei Dengyo Kaisha, Ltd. 212,000 3,063,883 Taiheiyo Kouhatsu, Inc. 419,000 402,600 Taikisha, Ltd. 147,000 3,953,778 Takamatsu Construction Group Co., Ltd. 80,000 2,098,886 Takamatsu Machinery Co., Ltd. 1,600 14,402 # Takano Co., Ltd. 53,500 569,144 Takaoka Toko Co., Ltd. 68,320 1,143,722 # Takara Printing Co., Ltd. 52,755 785,134 Takara Standard Co., Ltd. 253,500 4,256,418 Takasago Thermal Engineering Co., Ltd. 355,200 5,928,482 Takashima & Co., Ltd. 225,000 438,509 Takeei Corp. 138,100 1,398,753 Takeuchi Manufacturing Co., Ltd. 222,800 4,318,581 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Industrials -- (Continued) Takigami Steel Construction Co., Ltd. (The) 53,000 $ 235,399 Takisawa Machine Tool Co., Ltd. 368,000 586,943 Takuma Co., Ltd. 438,000 4,485,882 # Tanseisha Co., Ltd. 219,949 2,217,865 Tatsuta Electric Wire and Cable Co., Ltd. 257,400 1,650,187 TECHNO ASSOCIE Co., Ltd. 56,800 646,795 Techno Ryowa, Ltd. 69,390 534,514 Techno Smart Corp. 18,800 228,601 TechnoPro Holdings, Inc. 177,800 7,628,165 Teikoku Electric Manufacturing Co., Ltd. 116,400 1,209,466 Teikoku Sen-I Co., Ltd. 118,400 2,156,705 # Tekken Corp. 730,000 2,241,527 Teraoka Seisakusho Co., Ltd. 53,600 214,075 Terasaki Electric Co., Ltd. 11,600 147,051 #* Toa Corp. 110,300 1,800,914 TOA ROAD Corp. 266,000 1,099,174 Tobishima Corp. 1,193,700 1,826,998 Tocalo Co., Ltd. 91,900 3,511,377 Toda Corp. 1,230,000 8,455,886 Toenec Corp. 256,000 1,554,496 Togami Electric Manufacturing Co., Ltd. 53,000 232,527 # TOKAI Holdings Corp. 528,400 4,063,374 Tokai Lease Co., Ltd. 170,000 329,928 Tokyo Energy & Systems, Inc. 142,600 1,395,546 # Tokyo Keiki, Inc. 405,000 1,064,633 #* Tokyo Kikai Seisakusho, Ltd. 17,000 11,546 Tokyo Sangyo Co., Ltd. 83,900 348,982 Tokyu Construction Co., Ltd. 518,000 4,142,418 Toli Corp. 297,000 966,347 Tomoe Corp. 160,700 532,170 # Tomoe Engineering Co., Ltd. 43,600 716,765 Tonami Holdings Co., Ltd. 350,000 1,376,117 Toppan Forms Co., Ltd. 298,500 3,103,655 # Torishima Pump Manufacturing Co., Ltd. 119,000 1,216,162 Toshiba Machine Co., Ltd. 724,000 3,438,001 Toshiba Plant Systems & Services Corp. 262,650 4,277,078 # Tosho Printing Co., Ltd. 278,000 1,371,843 Totech Corp. 21,600 391,671 Totetsu Kogyo Co., Ltd. 168,700 5,267,171 Totoku Electric Co., Ltd. 2,300 40,817 Toyo Construction Co., Ltd. 465,700 1,993,538 Toyo Denki Seizo K.K. 45,500 793,991 # Toyo Engineering Corp. 1,003,400 2,639,055 Toyo Machinery & Metal Co., Ltd. 100,900 728,898 Toyo Tanso Co., Ltd. 70,500 1,179,956 # Toyo Wharf & Warehouse Co., Ltd. 340,000 579,793 Trancom Co., Ltd. 45,800 2,263,557 Trinity Industrial Corp. 22,000 171,439 Trusco Nakayama Corp. 335,300 8,599,823 Trust Tech, Inc. 52,500 1,103,203 # Tsubaki Nakashima Co., Ltd. 127,800 2,565,112 Tsubakimoto Chain Co. 864,700 7,336,493 Tsubakimoto Kogyo Co., Ltd. 117,000 537,367 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- -------------- Industrials -- (Continued) #* Tsudakoma Corp. 294,000 $ 503,779 Tsugami Corp. 395,000 3,166,336 Tsukishima Kikai Co., Ltd. 174,400 1,977,199 Tsurumi Manufacturing Co., Ltd. 107,300 1,797,080 TTK Co., Ltd. 62,000 295,396 Uchida Yoko Co., Ltd. 59,400 1,478,939 Ueki Corp. 348,000 867,533 Union Tool Co. 56,400 1,674,323 Ushio, Inc. 655,900 9,205,141 #* UT Group Co., Ltd. 189,500 3,402,085 Utoc Corp. 98,700 399,286 # Wakachiku Construction Co., Ltd. 1,052,000 1,659,868 Wakita & Co., Ltd. 253,300 2,856,717 WDB Holdings Co., Ltd. 53,300 1,114,358 Weathernews, Inc. 39,100 1,215,844 Will Group, Inc. 64,900 545,269 World Holdings Co., Ltd. 44,600 1,085,137 Yahagi Construction Co., Ltd. 164,400 1,362,307 YAMABIKO Corp. 222,928 2,695,450 # YAMADA Consulting Group Co., Ltd. 7,700 485,493 # Yamashin-Filter Corp. 36,200 808,467 Yamashina Corp. 293,800 204,900 Yamato Corp. 93,200 579,683 Yamaura Corp. 37,800 340,888 Yamazen Corp. 345,700 3,549,027 Yasuda Logistics Corp. 94,300 662,102 Yokogawa Bridge Holdings Corp. 214,100 3,257,485 Yondenko Corp. 136,800 752,646 Yuasa Trading Co., Ltd. 108,500 3,476,389 Yuken Kogyo Co., Ltd. 201,000 426,429 # Yumeshin Holdings Co., Ltd. 272,500 1,857,332 Yurtec Corp. 255,000 1,731,079 Yusen Logistics Co., Ltd. 109,500 992,031 # Yushin Precision Equipment Co., Ltd. 3,400 85,430 Zaoh Co., Ltd. 2,000 27,017 Zenitaka Corp. (The) 133,000 573,148 Zuiko Corp. 22,800 804,419 -------------- Total Industrials 1,059,929,462 -------------- Information Technology -- (13.6%) # A&D Co., Ltd. 113,900 473,278 #* Access Co., Ltd. 233,900 1,866,914 # Ad-sol Nissin Corp. 26,400 278,812 # Adtec Plasma Technology Co., Ltd. 32,100 562,531 # Aeria, Inc. 54,800 1,604,977 AGS Corp. 1,200 17,997 # Ai Holdings Corp. 247,200 6,810,855 Aichi Tokei Denki Co., Ltd. 18,700 642,052 Aiphone Co., Ltd. 71,900 1,269,405 #* Akatsuki, Inc. 20,700 1,862,524 Alpha Systems, Inc. 38,160 741,672 Amano Corp. 377,600 8,593,493 Anritsu Corp. 873,500 7,037,734 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Information Technology -- (Continued) AOI Electronic Co., Ltd. 27,900 $ 1,136,290 * Apic Yamada Corp. 5,600 26,515 Argo Graphics, Inc. 51,500 1,258,184 Arisawa Manufacturing Co., Ltd. 200,900 1,710,363 # ArtSpark Holdings, Inc. 41,500 520,554 Asahi Net, Inc. 99,600 479,572 Ateam, Inc. 68,700 1,760,368 # Aval Data Corp. 14,500 198,029 Axell Corp. 44,900 303,649 Azbil Corp. 97,900 3,867,224 #* Bengo4.com, Inc. 30,700 491,072 # Broadband Tower, Inc. 263,100 637,532 Broadleaf Co., Ltd. 283,700 1,906,213 CAC Holdings Corp. 81,800 777,370 Canon Electronics, Inc. 133,800 2,605,242 Capcom Co., Ltd. 294,600 7,297,291 CDS Co., Ltd. 3,900 46,172 Chino Corp. 37,100 420,496 Citizen Watch Co., Ltd. 1,594,400 11,854,638 CMK Corp. 334,400 2,989,476 # COLOPL, Inc. 298,600 3,348,759 Computer Engineering & Consulting, Ltd. 81,600 1,582,705 Computer Institute of Japan, Ltd. 80,500 411,339 Comture Corp. 21,000 961,938 CONEXIO Corp. 114,700 1,889,111 # COOKPAD, Inc. 362,700 3,106,194 Core Corp. 35,800 517,321 Cresco, Ltd. 31,900 1,044,462 # CROOZ, Inc. 51,000 1,327,538 Cube System, Inc. 44,600 332,120 # Cybernet Systems Co., Ltd. 48,200 310,545 #* Cyberstep, Inc. 19,200 701,982 Cybozu, Inc. 86,600 396,072 Dai-ichi Seiko Co., Ltd. 55,600 1,240,972 Daishinku Corp. 44,399 748,513 Daitron Co., Ltd. 52,000 738,838 Daiwabo Holdings Co., Ltd. 1,186,000 4,667,369 Denki Kogyo Co., Ltd. 343,000 1,761,776 Densan System Co., Ltd. 21,700 356,161 # Designone Japan, Inc. 31,300 405,653 # Dexerials Corp. 319,300 3,858,780 Digital Arts, Inc. 66,000 2,251,063 Digital Information Technologies Corp. 8,400 145,169 Dip Corp. 182,000 3,839,425 DKK-Toa Corp. 42,300 270,677 * Drecom Co., Ltd. 67,100 888,172 DTS Corp. 128,500 3,922,721 # E-Guardian, Inc. 56,500 1,181,470 Eizo Corp. 108,300 4,342,133 Elecom Co., Ltd. 102,900 2,220,516 Elematec Corp. 52,271 948,226 #* Enigmo, Inc. 73,800 1,106,364 Enplas Corp. 59,300 2,440,415 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ---------- Information Technology -- (Continued) ESPEC Corp. 125,900 $2,150,738 Excel Co., Ltd. 49,300 641,954 F@N Communications, Inc. 303,400 2,778,063 # Faith, Inc. 27,910 305,840 #* FDK Corp. 552,000 738,484 Fenwal Controls of Japan, Ltd. 6,300 87,539 Ferrotec Holdings Corp. 201,900 2,995,989 #* FFRI, Inc. 23,400 1,053,226 * FIRSTLOGIC, Inc. 9,000 222,121 # Fixstars Corp. 24,000 791,209 #* Flight Holdings, Inc. 57,600 495,189 Forval Corp. 8,100 55,336 # FTGroup Co., Ltd. 74,000 662,545 #* FueTrek Co., Ltd. 38,100 321,629 Fuji Soft, Inc. 128,300 3,681,982 Fujitsu Frontech, Ltd. 75,300 1,434,155 Fukui Computer Holdings, Inc. 45,900 1,674,081 #* Full Speed, Inc. 45,200 442,412 Furuno Electric Co., Ltd. 139,600 836,077 Furuya Metal Co., Ltd. 14,800 363,677 Future Corp. 152,700 1,235,102 #* G Three Holdings Corp. 214,900 365,257 GL Sciences, Inc. 15,600 190,402 # GMO Cloud K.K. 26,700 965,144 # GMO internet, Inc. 432,400 5,576,375 # GMO Payment Gateway, Inc. 98,500 5,810,202 # Gree, Inc. 672,200 5,164,360 # GungHo Online Entertainment, Inc. 146,300 395,284 * Gunosy, Inc. 73,400 2,072,776 Gurunavi, Inc. 177,600 2,905,249 Hagiwara Electric Co., Ltd. 28,500 609,059 Hakuto Co., Ltd. 93,600 1,262,181 # Hearts United Group Co., Ltd. 86,200 1,348,765 Hibino Corp. 25,200 517,684 Hioki EE Corp. 62,200 1,259,508 Hitachi Kokusai Electric, Inc. 332,500 8,571,663 Hitachi Maxell, Ltd. 203,100 4,494,070 Hochiki Corp. 140,000 2,406,991 Hokuriku Electric Industry Co., Ltd. 482,000 712,273 Honda Tsushin Kogyo Co., Ltd. 47,700 749,208 Horiba, Ltd. 114,450 7,010,733 Hosiden Corp. 362,000 4,186,985 I-Net Corp. 64,690 748,143 I-O Data Device, Inc. 45,000 499,017 # Ibiden Co., Ltd. 428,378 7,434,293 Icom, Inc. 65,800 1,403,230 #* IGNIS, Ltd. 15,400 604,589 # Ikegami Tsushinki Co., Ltd. 339,000 491,421 Ines Corp. 183,900 1,747,038 # Infocom Corp. 80,400 1,967,002 Infomart Corp. 533,500 3,916,681 Information Development Co. 40,100 460,796 Information Services International-Dentsu, Ltd. 78,100 1,770,696 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Information Technology -- (Continued) Innotech Corp. 111,100 $ 756,808 Intelligent Wave, Inc. 61,700 393,746 # Inter Action Corp. 61,000 404,888 Internet Initiative Japan, Inc. 192,400 3,478,352 Iriso Electronics Co., Ltd. 55,300 4,759,587 # Istyle, Inc. 279,300 1,859,484 #* ITbook Co., Ltd. 90,900 445,826 Itfor, Inc. 160,800 906,052 # ITmedia, Inc. 6,200 40,673 #* Itokuro, Inc. 21,400 953,587 Iwatsu Electric Co., Ltd. 572,000 466,420 Japan Aviation Electronics Industry, Ltd. 298,000 4,708,137 Japan Cash Machine Co., Ltd. 75,300 812,612 #* Japan Display, Inc. 2,237,400 4,004,298 # Japan Material Co., Ltd. 128,500 2,514,891 Japan Radio Co., Ltd. 71,000 916,802 # Jastec Co., Ltd. 73,100 867,090 # JBCC Holdings, Inc. 94,500 795,822 #* JIG-SAW, Inc. 21,300 1,227,339 Justsystems Corp. 206,000 3,170,805 Kaga Electronics Co., Ltd. 113,900 2,512,398 Kanematsu Electronics, Ltd. 74,100 2,194,107 * KAYAC, Inc. 13,600 204,418 #* KLab, Inc. 214,600 3,650,486 Koa Corp. 195,900 3,455,808 Kozo Keikaku Engineering, Inc. 5,300 98,839 Kyoden Co., Ltd. 91,700 305,590 Kyosan Electric Manufacturing Co., Ltd. 279,000 1,554,140 Kyowa Electronics Instruments Co., Ltd. 135,100 565,795 LAC Co., Ltd. 97,800 1,198,371 # Lasertec Corp. 250,700 3,737,896 #* Livesense, Inc. 17,200 98,823 # m-up, Inc. 31,600 553,666 Macnica Fuji Electronics Holdings, Inc. 203,150 3,238,775 Mamezou Holdings Co., Ltd. 104,000 934,639 MarkLines Co., Ltd. 27,700 237,830 Marubun Corp. 101,500 776,307 Maruwa Co., Ltd. 56,800 2,757,399 # Marvelous, Inc. 196,300 1,834,109 MCJ Co., Ltd. 220,700 2,607,487 # Media Do Co., Ltd. 40,100 921,092 # Megachips Corp. 106,500 2,840,595 Meiko Electronics Co., Ltd. 128,600 1,928,643 Melco Holdings, Inc. 75,500 2,527,608 # Micronics Japan Co., Ltd. 206,600 2,187,965 # Mimaki Engineering Co., Ltd. 108,700 864,873 Mimasu Semiconductor Industry Co., Ltd. 105,681 1,696,377 Miraial Co., Ltd. 43,300 415,484 Miroku Jyoho Service Co., Ltd. 115,700 2,437,462 # Mitsubishi Research Institute, Inc. 40,500 1,164,807 Mitsui High-Tec, Inc. 153,500 2,395,640 # Mobile Create Co., Ltd. 59,800 212,538 # Mobile Factory, Inc. 33,200 469,088 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ---------- Information Technology -- (Continued) #* Morpho, Inc. 27,300 $1,230,856 # MTI, Ltd. 199,300 1,344,163 Mutoh Holdings Co., Ltd. 146,000 336,392 #* Mynet, Inc. 23,600 662,045 Nagano Keiki Co., Ltd. 38,700 277,150 Nakayo, Inc. 390,000 1,435,734 NEC Networks & System Integration Corp. 136,600 2,984,536 NET One Systems Co., Ltd. 525,900 5,040,387 * New Japan Radio Co., Ltd. 96,000 527,666 # Nexyz Group Corp. 48,000 784,973 Nichicon Corp. 334,200 3,672,922 Nihon Dempa Kogyo Co., Ltd. 106,600 891,510 Nihon Unisys, Ltd. 416,075 6,937,833 Nippon Ceramic Co., Ltd. 62,200 1,631,023 Nippon Chemi-Con Corp. 1,025,000 4,140,806 Nippon Information Development Co., Ltd. 2,300 66,019 # Nippon Kodoshi Corp. 54,900 743,978 Nippon Signal Co., Ltd. 323,300 3,282,647 Nippon Systemware Co., Ltd. 45,500 747,947 # Nissha Printing Co., Ltd. 229,300 6,274,170 Nohmi Bosai, Ltd. 145,900 2,243,611 Noritsu Koki Co., Ltd. 120,000 1,104,740 NS Solutions Corp. 192,200 4,046,456 NSD Co., Ltd. 212,280 4,048,892 Nuflare Technology, Inc. 29,300 1,567,808 # Ohara, Inc. 51,800 653,749 Okaya Electric Industries Co., Ltd. 73,000 267,225 Oki Electric Industry Co., Ltd. 493,000 6,750,226 # ONO Sokki Co., Ltd. 58,400 397,519 Optex Group Co., Ltd. 93,000 3,122,779 #* Optim Corp. 26,100 728,585 Osaki Electric Co., Ltd. 254,000 1,941,864 Paltek Corp. 29,000 252,532 PCA Corp. 2,500 34,855 PCI Holdings, Inc. 19,500 474,132 Poletowin Pitcrew Holdings, Inc. 86,400 1,151,845 Pro Ship Inc. 800 13,323 Rakus Co., Ltd. 32,200 707,379 Renesas Easton Co., Ltd. 59,800 320,127 # Riken Keiki Co., Ltd. 102,000 1,928,330 Riso Kagaku Corp. 179,500 3,753,439 Roland DG Corp. 82,600 2,069,939 # Rorze Corp. 64,800 1,396,542 # RS Technologies Co., Ltd. 21,500 833,405 #* RVH, Inc. 85,200 552,497 Ryoden Corp. 187,000 1,360,612 Ryosan Co., Ltd. 191,900 7,505,464 Ryoyo Electro Corp. 127,900 2,060,820 Saison Information Systems Co., Ltd. 3,500 55,263 # Sakura Internet, Inc. 122,900 944,133 Sanken Electric Co., Ltd. 746,000 3,781,830 Sanshin Electronics Co., Ltd. 164,300 2,066,358 # Satori Electric Co., Ltd. 85,880 708,327 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ----------- Information Technology -- (Continued) # Saxa Holdings, Inc. 298,000 $ 607,672 # Scala, Inc. 91,500 703,930 Seikoh Giken Co., Ltd. 12,200 209,252 Shibaura Electronics Co., Ltd. 46,900 1,580,676 Shibaura Mechatronics Corp. 200,000 616,901 #* SHIFT, Inc. 35,000 416,374 Shindengen Electric Manufacturing Co., Ltd. 478,000 2,478,959 #* Shinkawa, Ltd. 94,400 636,600 Shinko Electric Industries Co., Ltd. 470,400 3,422,615 Shinko Shoji Co., Ltd. 135,600 1,771,995 Shizuki Electric Co., Inc. 101,900 682,867 Sigma Koki Co., Ltd. 9,000 115,407 # Siix Corp. 92,900 3,959,213 SK-Electronics Co., Ltd. 39,200 483,674 SMK Corp. 372,000 1,570,917 # SMS Co., Ltd. 191,200 6,050,467 # Softbank Technology Corp. 70,300 1,127,571 # Softbrain Co., Ltd. 161,300 632,315 Softcreate Holdings Corp. 47,500 625,525 # Soliton Systems K.K. 52,900 506,191 # Sourcenext Corp. 86,300 447,741 SRA Holdings 65,900 1,806,649 Sumida Corp. 136,449 2,610,040 Sun-Wa Technos Corp. 57,800 983,550 Suzuden Corp. 16,900 206,631 # Systemsoft Corp. 269,600 400,850 Systena Corp. 116,600 2,672,966 # Tabuchi Electric Co., Ltd. 154,600 474,410 Tachibana Eletech Co., Ltd. 102,160 1,477,471 # Taiyo Yuden Co., Ltd. 678,700 11,396,748 Takachiho Koheki Co., Ltd. 10,200 97,806 TAKEBISHI Corp. 19,200 255,825 Tamura Corp. 468,000 2,557,153 # Tazmo Co., Ltd. 40,900 809,084 TDC Software Engineering, Inc. 33,600 379,719 #* Teac Corp. 734,000 340,282 TechMatrix Corp. 95,900 1,601,452 # Tecnos Japan, Inc. 98,800 983,024 Teikoku Tsushin Kogyo Co., Ltd. 223,000 464,777 TIS, Inc. 450,901 13,630,665 TKC Corp. 113,200 3,293,137 Tokyo Electron Device, Ltd. 41,100 666,227 Tokyo Seimitsu Co., Ltd. 240,800 8,352,458 Tomen Devices Corp. 2,400 52,362 Topcon Corp. 606,200 10,371,780 Torex Semiconductor, Ltd. 36,200 602,371 Toshiba TEC Corp. 806,000 4,461,306 Toukei Computer Co., Ltd. 22,710 578,636 # Towa Corp. 139,700 2,176,472 Toyo Corp. 141,000 1,360,106 Transcosmos, Inc. 186,300 4,477,405 # Tri Chemical Laboratories, Inc. 35,000 960,887 UKC Holdings Corp. 86,600 1,300,857 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Information Technology -- (Continued) Ulvac, Inc. 131,600 $ 7,055,794 # UMC Electronics Co Ltd 22,600 390,401 Uniden Holdings Corp. 388,000 923,823 UNIRITA, Inc. 6,400 101,406 # UNITED, Inc. 78,700 1,964,623 # V Technology Co., Ltd. 27,500 4,708,055 * V-Cube, Inc. 85,300 480,145 # VeriServe Corp. 13,400 410,355 # Vitec Holdings Co., Ltd. 51,000 652,529 Voyage Group, Inc. 54,500 1,026,241 # Wellnet Corp. 107,800 1,336,838 # YAC Holdings Co., Ltd. 52,800 654,890 # Yamaichi Electronics Co., Ltd. 146,000 2,842,226 Yashima Denki Co., Ltd. 59,100 491,895 # Yokowo Co., Ltd. 89,000 1,176,575 Zappallas, Inc. 55,900 257,491 * ZIGExN Co., Ltd. 107,300 1,564,778 Zuken, Inc. 94,100 1,237,439 ------------ Total Information Technology 551,542,525 ------------ Materials -- (10.6%) Achilles Corp. 101,900 1,795,098 ADEKA Corp. 544,000 8,351,045 Agro-Kanesho Co., Ltd. 68,400 934,769 Aichi Steel Corp. 67,000 2,804,046 Alconix Corp. 68,000 1,344,750 Arakawa Chemical Industries, Ltd. 103,200 1,813,154 Araya Industrial Co., Ltd. 268,000 480,982 Asahi Holdings, Inc. 182,350 3,426,744 Asahi Printing Co., Ltd. 800 19,020 Asahi Yukizai Corp. 431,000 1,026,899 Asia Pile Holdings Corp. 94,800 642,521 C Uyemura & Co., Ltd. 25,700 1,474,461 Carlit Holdings Co., Ltd. 94,300 548,207 Chuetsu Pulp & Paper Co., Ltd. 552,000 1,150,966 * Chugai Mining Co., Ltd. 1,012,400 293,833 Chugoku Marine Paints, Ltd. 379,100 2,945,602 CI Takiron Corp. 328,000 1,786,483 Dai Nippon Toryo Co., Ltd. 740,000 2,058,998 Daido Steel Co., Ltd. 1,376,000 8,373,908 Daiichi Kigenso Kagaku-Kogyo Co., Ltd. 111,200 1,341,717 Daiken Corp. 91,100 2,231,928 Daiki Aluminium Industry Co., Ltd. 183,000 1,124,319 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 408,000 3,410,375 # Daio Paper Corp. 497,300 6,457,511 Denka Co., Ltd. 1,949,000 10,824,018 DKS Co., Ltd. 247,000 1,193,272 Dynapac Co., Ltd. 5,000 74,073 FP Corp. 148,000 8,096,826 Fuji Seal International, Inc. 264,200 7,413,955 Fujikura Kasei Co., Ltd. 151,700 891,873 Fujimi, Inc. 118,100 2,665,219 Fujimori Kogyo Co., Ltd. 97,700 2,910,706 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Materials -- (Continued) # Fumakilla, Ltd. 98,000 $ 1,048,995 Fuso Chemical Co., Ltd. 95,300 3,174,917 Geostr Corp. 72,300 620,276 # Godo Steel, Ltd. 87,400 1,665,257 Gun-Ei Chemical Industry Co., Ltd. 28,600 951,173 Hakudo Co., Ltd. 21,200 349,103 # Haneda Zenith Holdings Co., Ltd. 218,200 679,747 Harima Chemicals Group, Inc. 86,500 840,606 Hodogaya Chemical Co., Ltd. 39,500 1,695,114 Hokkan Holdings, Ltd. 275,000 1,057,086 Hokko Chemical Industry Co., Ltd. 117,800 642,299 Hokuetsu Kishu Paper Co., Ltd. 857,799 6,019,138 Honshu Chemical Industry Co., Ltd. 14,000 126,745 Ise Chemicals Corp. 81,000 362,532 * Ishihara Sangyo Kaisha, Ltd. 226,250 2,478,527 Ishizuka Glass Co., Ltd. 119,000 257,925 JCU Corp. 69,400 2,546,623 JSP Corp. 79,300 2,505,775 Kanto Denka Kogyo Co., Ltd. 280,400 2,557,175 Katakura & Co-op Agri Corp. 76,000 181,926 Kawakin Holdings Co., Ltd. 11,000 38,697 KeePer Technical Laboratory Co., Ltd. 29,800 355,476 Kimoto Co., Ltd. 228,000 514,030 Koatsu Gas Kogyo Co., Ltd. 162,293 1,205,898 # Kogi Corp. 55,000 117,609 Kohsoku Corp. 60,200 597,919 Konishi Co., Ltd. 193,600 2,957,565 # Konoshima Chemical Co., Ltd. 35,700 580,489 Krosaki Harima Corp. 309,000 1,353,245 # Kumiai Chemical Industry Co., Ltd. 494,287 2,874,150 Kureha Corp. 87,650 4,407,680 Kurimoto, Ltd. 63,300 1,185,937 Kuriyama Holdings Corp. 33,300 651,458 Kyoei Steel, Ltd. 135,800 2,095,757 Kyowa Leather Cloth Co., Ltd. 61,300 528,790 Lintec Corp. 286,700 6,960,089 # MEC Co., Ltd. 109,500 1,355,444 Mitani Sekisan Co., Ltd. 38,700 910,713 * Mitsubishi Paper Mills, Ltd. 182,300 1,285,318 Mitsubishi Steel Manufacturing Co., Ltd. 910,000 2,341,029 Mitsui Mining & Smelting Co., Ltd. 3,627,000 15,844,257 # MORESCO Corp. 41,300 779,857 Mory Industries, Inc. 32,700 699,166 Nakayama Steel Works, Ltd. 118,300 716,946 Neturen Co., Ltd. 213,700 1,967,142 #* New Japan Chemical Co., Ltd. 182,300 343,963 Nicca Chemical Co., Ltd. 22,100 235,818 Nichia Steel Works, Ltd. 164,900 432,138 Nihon Kagaku Sangyo Co., Ltd. 81,500 1,432,989 # Nihon Nohyaku Co., Ltd. 306,300 1,779,774 Nihon Parkerizing Co., Ltd. 581,400 8,318,870 Nihon Yamamura Glass Co., Ltd. 524,000 897,779 Nippon Carbide Industries Co., Inc. 451,000 760,455 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Materials -- (Continued) Nippon Chemical Industrial Co., Ltd. 477,000 $ 1,022,737 Nippon Concrete Industries Co., Ltd. 274,000 1,062,961 Nippon Denko Co., Ltd. 717,214 3,366,820 Nippon Fine Chemical Co., Ltd. 81,000 738,304 Nippon Kayaku Co., Ltd. 280,000 3,918,804 # Nippon Kinzoku Co., Ltd. 29,300 587,620 # Nippon Koshuha Steel Co., Ltd. 460,000 462,612 Nippon Light Metal Holdings Co., Ltd. 3,065,900 8,248,829 Nippon Paper Industries Co., Ltd. 304,000 6,060,802 Nippon Pillar Packing Co., Ltd. 133,400 2,231,558 Nippon Soda Co., Ltd. 827,000 4,640,385 # Nippon Valqua Industries, Ltd. 102,599 2,711,045 # Nippon Yakin Kogyo Co., Ltd. 831,300 1,671,853 # Nisshin Steel Co., Ltd. 270,692 3,316,623 # Nitta Gelatin, Inc. 79,300 545,283 Nittetsu Mining Co., Ltd. 34,700 1,947,599 Nitto FC Co., Ltd. 100,000 827,067 NOF Corp. 870,000 11,820,498 Nozawa Corp. 29,300 377,316 # Okamoto Industries, Inc. 405,000 4,433,564 Okura Industrial Co., Ltd. 284,000 1,835,991 Osaka Organic Chemical Industry, Ltd. 97,900 1,162,742 Osaka Soda Co., Ltd. 424,000 2,134,096 Osaka Steel Co., Ltd. 83,300 1,716,673 #* Pacific Metals Co., Ltd. 993,000 2,663,855 Pack Corp. (The) 81,200 2,626,778 # Rasa Industries, Ltd. 480,000 677,693 Rengo Co., Ltd. 1,261,000 7,158,341 # Riken Technos Corp. 215,900 1,205,559 Sakai Chemical Industry Co., Ltd. 570,000 2,309,923 Sakata INX Corp. 252,400 4,564,108 Sanyo Chemical Industries, Ltd. 69,800 3,314,756 Sanyo Special Steel Co., Ltd. 650,300 3,945,690 # Seiko PMC Corp. 65,600 745,763 Sekisui Plastics Co., Ltd. 153,300 1,310,413 Shikoku Chemicals Corp. 243,000 3,110,416 Shin-Etsu Polymer Co., Ltd. 279,900 2,712,077 Shinagawa Refractories Co., Ltd. 390,000 1,064,020 Shinko Wire Co., Ltd. 184,000 412,097 Showa Denko K.K. 8,899 231,636 SK Kaken Co., Ltd. 1,000 93,293 Soken Chemical & Engineering Co., Ltd. 13,500 189,543 # Stella Chemifa Corp. 65,100 1,829,946 Sumitomo Bakelite Co., Ltd. 1,163,000 8,448,788 Sumitomo Osaka Cement Co., Ltd. 2,493,000 11,669,269 Sumitomo Seika Chemicals Co., Ltd. 58,900 2,961,335 T Hasegawa Co., Ltd. 134,800 2,839,644 # T&K Toka Co., Ltd. 93,600 1,026,756 Taisei Lamick Co., Ltd. 34,500 910,614 Taiyo Holdings Co., Ltd. 104,900 4,984,499 Takasago International Corp. 87,900 3,452,631 Tayca Corp. 212,000 1,875,066 Tenma Corp. 100,400 2,026,097 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Materials -- (Continued) Toagosei Co., Ltd. 658,000 $ 7,936,826 # Toda Kogyo Corp. 253,000 959,912 # Toho Acetylene Co., Ltd. 12,700 203,141 # Toho Titanium Co., Ltd. 207,900 1,610,066 Toho Zinc Co., Ltd. 836,000 3,599,732 Tokai Carbon Co., Ltd. 1,289,000 8,318,449 Tokushu Tokai Paper Co., Ltd. 58,958 2,217,892 * Tokuyama Corp. 2,159,000 9,808,467 Tokyo Ohka Kogyo Co., Ltd. 227,700 7,412,037 Tokyo Rope Manufacturing Co., Ltd. 91,800 1,405,763 Tokyo Steel Manufacturing Co., Ltd. 845,800 7,250,349 Tokyo Tekko Co., Ltd. 251,000 1,033,101 Tomoegawa Co., Ltd. 125,000 305,067 Tomoku Co., Ltd. 360,000 1,272,986 Topy Industries, Ltd. 114,200 3,507,384 Toyo Ink SC Holdings Co., Ltd. 1,157,000 5,994,967 Toyo Kohan Co., Ltd. 311,900 1,371,025 Toyobo Co., Ltd. 5,688,000 10,830,552 TYK Corp. 138,000 268,850 UACJ Corp. 1,714,415 5,060,197 Ube Industries, Ltd. 1,274,000 3,451,102 # W-Scope Corp. 148,900 3,161,175 Wood One Co., Ltd. 176,000 459,905 Yamato Kogyo Co., Ltd. 224,100 6,281,601 Yodogawa Steel Works, Ltd. 144,700 3,978,800 Yotai Refractories Co., Ltd. 33,000 112,840 Yuki Gosei Kogyo Co., Ltd. 36,200 93,661 Yushiro Chemical Industry Co., Ltd. 63,800 868,633 ------------ Total Materials 432,171,532 ------------ Real Estate -- (2.0%) # AD Works Co., Ltd. 749,100 319,298 Airport Facilities Co., Ltd. 132,770 722,187 Anabuki Kosan, Inc. 2,200 58,565 # Aoyama Zaisan Networks Co., Ltd. 53,900 466,363 # Apamanshop Holdings Co., Ltd. 64,900 467,238 # Ardepro Co., Ltd. 872,800 1,122,678 Arealink Co., Ltd. 30,600 403,638 #* Ascot Corp. 67,700 214,139 # CRE, Inc. 21,700 302,423 Daibiru Corp. 303,600 3,421,195 Daikyo, Inc. 1,904,000 3,988,122 # Dear Life Co., Ltd. 101,000 443,431 Goldcrest Co., Ltd. 107,590 2,396,634 Grandy House Corp. 61,800 243,703 Heiwa Real Estate Co., Ltd. 236,600 3,710,694 # Ichigo, Inc. 1,408,400 4,301,659 # Investors Cloud Co., Ltd. 31,800 1,629,667 #* Japan Asset Marketing Co., Ltd. 1,649,800 1,943,721 # Japan Property Management Center Co., Ltd. 84,500 1,128,629 Kabuki-Za Co., Ltd. 34,000 1,727,012 Keihanshin Building Co., Ltd. 202,300 1,280,352 # Kenedix, Inc. 1,399,200 7,163,529 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Real Estate -- (Continued) Land Business Co., Ltd. 34,000 $ 91,537 * LAND Co., Ltd. 609,500 94,044 Leopalace21 Corp. 1,960,700 13,981,934 # Mugen Estate Co., Ltd. 73,300 657,926 # Nippon Commercial Development Co., Ltd. 55,100 859,486 Nisshin Fudosan Co. 186,100 1,037,290 Open House Co., Ltd. 189,400 6,268,619 Properst Co., Ltd. 26,600 48,953 # Prospect Co., Ltd. 1,202,000 773,303 # Raysum Co., Ltd. 107,100 957,115 SAMTY Co., Ltd. 105,300 1,545,179 Sankyo Frontier Co., Ltd. 33,000 432,516 # Shinoken Group Co., Ltd. 81,500 1,939,404 Star Mica Co., Ltd. 37,900 1,082,349 #* Striders Corp. 153,000 88,764 Sun Frontier Fudousan Co., Ltd. 163,300 1,742,764 Takara Leben Co., Ltd. 552,800 2,535,922 TOC Co., Ltd. 374,350 3,517,757 Tokyo Rakutenchi Co., Ltd. 20,700 1,101,950 # Tokyo Theatres Co., Inc. 468,000 615,163 Tosei Corp. 217,300 1,698,375 # Unizo Holdings Co., Ltd. 102,000 2,366,643 # Urbanet Corp. Co., Ltd. 91,400 365,479 ----------- Total Real Estate 81,257,349 ----------- Telecommunication Services -- (0.1%) #* Broadmedia Corp. 456,300 529,739 # Freebit Co., Ltd. 79,500 643,642 # Okinawa Cellular Telephone Co. 43,600 1,532,796 #* U-Next Co., Ltd. 35,400 335,851 #* Vision, Inc. 36,900 885,620 # WirelessGate, Inc. 52,500 687,890 ----------- Total Telecommunication Services 4,615,538 ----------- Utilities -- (0.9%) #* Eneres Co., Ltd. 151,000 692,597 # eRex Co., Ltd. 267,200 2,352,794 Hiroshima Gas Co., Ltd. 183,300 588,327 Hokkaido Electric Power Co., Inc. 1,189,200 8,955,896 Hokkaido Gas Co., Ltd. 343,000 855,645 # Hokuriku Electric Power Co. 1,045,900 9,683,364 Hokuriku Gas Co., Ltd. 9,900 256,338 K&O Energy Group, Inc. 85,200 1,302,441 Okinawa Electric Power Co., Inc. (The) 236,317 5,573,587 Saibu Gas Co., Ltd. 1,963,000 4,929,616 Shizuoka Gas Co., Ltd. 342,800 2,592,838 Toell Co., Ltd. 28,400 232,431 THE JAPANESE SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- -------------- Utilities -- (Continued) West Holdings Corp. 96,800 $ 747,204 -------------- Total Utilities 38,763,078 -------------- TOTAL COMMON STOCKS 3,741,496,523 -------------- RIGHTS/WARRANTS -- (0.0%) * AD Works Co., Ltd. Rights 09/12/2017 749,100 54,359 -------------- TOTAL INVESTMENT SECURITIES 3,741,550,882 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (8.0%) (S)@ DFA Short Term Investment Fund 27,952,824 323,470,077 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,224,880,477)^^ $4,065,020,959 ============== THE JAPANESE SMALL COMPANY SERIES CONTINUED Summary of the Series' investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Common Stocks Consumer Discretionary -- $ 720,893,223 -- $ 720,893,223 Consumer Staples -- 311,452,285 -- 311,452,285 Energy -- 40,095,738 -- 40,095,738 Financials -- 312,156,170 -- 312,156,170 Health Care -- 188,619,623 -- 188,619,623 Industrials -- 1,059,929,462 -- 1,059,929,462 Information Technology -- 551,542,525 -- 551,542,525 Materials -- 432,171,532 -- 432,171,532 Real Estate -- 81,257,349 -- 81,257,349 Telecommunication Services -- 4,615,538 -- 4,615,538 Utilities -- 38,763,078 -- 38,763,078 RIGHTS/WARRANTS -- 54,359 -- 54,359 Securities Lending Collateral -- 323,470,077 -- 323,470,077 -- -------------- -- -------------- TOTAL -- $4,065,020,959 -- $4,065,020,959 == ============== == ============== THE ASIA PACIFIC SMALL COMPANY SERIES SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ---------- ----------- COMMON STOCKS -- (85.9%) AUSTRALIA -- (44.3%) * 3P Learning, Ltd. 56,239 $ 49,490 * Acrux, Ltd. 660,428 158,529 # Adacel Technologies, Ltd. 31,244 67,089 # Adelaide Brighton, Ltd. 3,668,074 16,506,271 # Ainsworth Game Technology, Ltd. 925,816 1,790,296 * Alkane Resources, Ltd. 1,510,492 411,616 ALS, Ltd. 1,392,055 8,265,047 Altium, Ltd. 606,491 4,241,204 * Altona Mining, Ltd. 1,108,169 115,503 Alumina, Ltd. 1,473,565 2,238,159 # AMA Group, Ltd. 941,944 768,394 # Amaysim Australia, Ltd. 690,120 883,117 Ansell, Ltd. 741,819 13,033,895 * Antares Energy, Ltd. 199,346 2,193 # AP Eagers, Ltd. 269,221 1,956,830 # APN Outdoor Group, Ltd. 1,044,139 3,849,625 APN Property Group, Ltd. 26,661 8,759 Appen, Ltd. 240,893 802,828 # ARB Corp., Ltd. 488,283 5,985,764 # Ardent Leisure Group 1,724,764 2,882,896 #* Arrium, Ltd. 17,951,296 269,269 Asaleo Care, Ltd. 2,055,973 2,188,842 #* Atlas Iron, Ltd. 7,155,231 120,145 AUB Group, Ltd. 268,561 2,768,307 Ausdrill, Ltd. 1,784,615 2,777,655 Austal, Ltd. 1,326,087 1,912,463 * Australian Agricultural Co., Ltd. 2,990,515 3,958,451 Australian Finance Group, Ltd. 151,935 174,291 Australian Pharmaceutical Industries, Ltd. 2,860,486 4,016,347 Australian Vintage, Ltd. 4,105,188 1,378,144 Auswide Bank, Ltd. 94,385 388,994 # Automotive Holdings Group, Ltd. 1,891,664 5,795,884 * Avanco Resources, Ltd. 2,444,368 214,993 Aveo Group 2,201,021 4,278,882 # AVJennings, Ltd. 7,051,385 4,175,966 #* AWE, Ltd. 3,834,269 1,475,019 # Baby Bunting Group, Ltd. 155,158 247,572 # Bapcor, Ltd. 1,391,579 6,286,823 Beach Energy, Ltd. 13,769,668 7,508,159 #* Beadell Resources, Ltd. 7,171,491 1,069,074 # Bega Cheese, Ltd. 819,856 4,506,180 # Bellamy's Australia, Ltd. 383,380 2,163,528 #* Billabong International, Ltd. 756,968 484,480 # Blackmores, Ltd. 81,784 5,793,585 # Blue Sky Alternative Investments, Ltd. 84,602 634,119 BlueScope Steel, Ltd. 295,325 3,111,119 * Boart Longyear, Ltd. 1,682,421 71,301 Boral, Ltd. 144,596 801,304 Breville Group, Ltd. 825,559 6,637,760 Brickworks, Ltd. 228,958 2,417,562 BT Investment Management, Ltd. 1,019,427 8,772,841 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- AUSTRALIA -- (Continued) #* Buru Energy, Ltd. 316,943 $ 53,221 # Cabcharge Australia, Ltd. 863,423 1,506,267 # Capilano Honey, Ltd. 14,328 189,011 * Capitol Health, Ltd. 758,723 161,010 Capral, Ltd. 58,499 6,542 #* Cardno, Ltd. 1,627,697 1,636,537 * Carnarvon Petroleum, Ltd. 5,095,141 305,684 * Carnegie Clean Energy, Ltd. 1,015,131 42,223 carsales.com, Ltd. 1,702,940 16,827,893 # Cash Converters International, Ltd. 2,406,480 635,241 * Catapult Group International, Ltd. 26,827 43,362 Cedar Woods Properties, Ltd. 336,933 1,323,412 Class, Ltd. 80,826 192,516 Cleanaway Waste Management, Ltd. 10,470,362 10,926,945 * Clinuvel Pharmaceuticals, Ltd. 35,148 180,578 Codan, Ltd. 471,854 846,302 # Collection House, Ltd. 2,175,227 2,115,730 Collins Foods, Ltd. 584,120 2,798,121 #* Cooper Energy, Ltd. 1,224,088 337,866 # Corporate Travel Management, Ltd. 276,172 4,935,998 Costa Group Holdings, Ltd. 1,011,389 3,867,756 # Credit Corp. Group, Ltd. 274,707 3,722,469 # CSG, Ltd. 1,026,658 565,724 CSR, Ltd. 3,680,857 11,549,516 * CuDeco, Ltd. 387,893 108,411 Data#3, Ltd. 626,352 890,503 Decmil Group, Ltd. 867,988 569,109 * Devine, Ltd. 146,352 42,727 Dicker Data, Ltd. 111,457 237,455 Donaco International, Ltd. 28,566 12,139 Downer EDI, Ltd. 4,075,221 20,743,181 DuluxGroup, Ltd. 3,101,823 16,355,377 DWS, Ltd. 429,066 533,119 # Eclipx Group, Ltd. 774,816 2,298,550 #* Elders, Ltd. 648,546 2,697,630 * Electro Optic Systems Holdings, Ltd. 102,402 241,729 * Emeco Holdings, Ltd. 1,193,646 133,695 #* Energy Resources of Australia, Ltd. 1,487,868 649,102 #* Energy World Corp., Ltd. 4,185,404 1,372,769 Enero Group, Ltd. 12,387 9,705 EQT Holdings, Ltd. 24,696 345,735 ERM Power, Ltd. 921,007 909,712 # Estia Health, Ltd. 965,341 2,242,321 Euroz, Ltd. 101,762 82,240 Event Hospitality and Entertainment, Ltd. 508,018 5,343,580 # Evolution Mining, Ltd. 5,025,776 8,980,169 Fairfax Media, Ltd. 15,303,894 12,120,084 #* FAR, Ltd. 5,225,378 313,619 Finbar Group, Ltd. 190,901 128,326 #* Fleetwood Corp., Ltd. 394,575 835,506 # FlexiGroup, Ltd. 1,529,932 2,363,003 # Flight Centre Travel Group, Ltd. 183,277 6,374,851 # G8 Education, Ltd. 2,307,238 6,991,767 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) #* Galaxy Resources, Ltd. 594,642 $ 875,858 # Gateway Lifestyle 1,211,343 1,875,428 # GBST Holdings, Ltd. 97,044 256,322 # Genworth Mortgage Insurance Australia, Ltd. 1,465,246 3,528,254 Global Construction Services, Ltd. 4,832 2,221 #* Gold Road Resources, Ltd. 265,102 137,272 GR Engineering Services, Ltd. 55,230 66,153 GrainCorp, Ltd. Class A 1,255,046 8,762,804 Grange Resources, Ltd. 1,724,297 200,132 # Greencross, Ltd. 471,357 2,175,882 * Greenland Minerals & Energy, Ltd. 114,047 10,490 # GUD Holdings, Ltd. 905,778 8,657,912 GWA Group, Ltd. 2,030,007 5,265,971 # Hansen Technologies, Ltd. 569,405 1,736,272 Healthscope, Ltd. 1,709,788 2,845,971 HFA Holdings, Ltd. 452,376 925,259 #* Highfield Resources, Ltd. 121,654 84,511 * Hills, Ltd. 1,277,876 199,846 * Horizon Oil, Ltd. 4,073,887 166,309 # HT&E, Ltd. 2,156,742 4,485,587 IDP Education, Ltd. 56,620 236,862 Iluka Resources, Ltd. 2,032,058 14,669,958 * Imdex, Ltd. 1,781,715 1,040,346 # IMF Bentham, Ltd. 943,525 1,456,560 # Independence Group NL 2,082,153 5,030,024 * Infigen Energy 4,839,737 2,982,900 Infomedia, Ltd. 2,241,004 1,327,167 Integral Diagnostics, Ltd. 13,802 19,217 Integrated Research, Ltd. 414,941 1,111,751 InvoCare, Ltd. 920,100 10,231,399 # IOOF Holdings, Ltd. 2,068,330 16,615,287 IPH, Ltd. 106,862 386,502 # IRESS, Ltd. 1,175,824 12,139,781 iSelect, Ltd. 459,109 767,301 # iSentia Group, Ltd. 769,059 1,365,353 IVE Group, Ltd. 57,248 103,014 # Japara Healthcare, Ltd. 1,255,007 2,048,694 # JB Hi-Fi, Ltd. 962,791 20,029,067 * Jupiter Mines, Ltd. 381,117 152,447 K&S Corp., Ltd. 268,400 377,220 #* Karoon Gas Australia, Ltd. 869,250 939,877 #* Kingsgate Consolidated, Ltd. 1,717,937 316,698 * Kingsrose Mining, Ltd. 937,248 28,117 Link Administration Holdings, Ltd. 1,046,818 6,453,460 #* Lynas Corp., Ltd. 1,159,291 125,278 MACA, Ltd. 752,414 1,011,129 * Macmahon Holdings, Ltd. 6,881,875 937,834 Macquarie Atlas Roads Group 606,435 2,697,496 Magellan Financial Group, Ltd. 390,232 8,243,585 # Mantra Group, Ltd. 1,875,749 4,518,343 MaxiTRANS Industries, Ltd. 915,613 515,399 #* Mayne Pharma Group, Ltd. 6,571,574 5,048,909 McMillan Shakespeare, Ltd. 450,123 5,167,009 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) # McPherson's, Ltd. 577,573 $ 657,955 #* Medusa Mining, Ltd. 1,263,898 299,353 Melbourne IT, Ltd. 534,786 1,221,981 #* Mesoblast, Ltd. 482,245 672,810 #* Metals X, Ltd. 2,015,432 1,314,945 # Metcash, Ltd. 5,204,963 10,912,938 Michael Hill International, Ltd.(BD8D250) 63,183 62,926 Michael Hill International, Ltd.(BD8D249) 1,490,263 1,455,605 * Millennium Minerals, Ltd. 868,823 125,920 * Mincor Resources NL 751,851 111,207 Mineral Resources, Ltd. 1,168,088 11,485,145 * Mitula Group, Ltd. 17,883 9,150 #* MMA Offshore, Ltd. 2,282,868 319,717 MNF Group, Ltd. 55,201 205,134 # Monadelphous Group, Ltd. 813,595 9,925,490 # Monash IVF Group, Ltd. 477,691 607,519 Money3 Corp., Ltd. 274,465 314,982 * Morning Star Gold NL 332,749 27 # Mortgage Choice, Ltd. 752,466 1,397,553 #* Mount Gibson Iron, Ltd. 4,879,718 1,737,652 # Myer Holdings, Ltd. 5,669,367 3,443,265 MYOB Group, Ltd. 1,363,013 3,624,777 # MyState, Ltd. 339,994 1,351,375 # Navitas, Ltd. 1,606,445 6,381,253 # Neometals, Ltd. 464,508 105,838 #* NetComm Wireless, Ltd. 36,441 48,772 New Hope Corp., Ltd. 251,555 322,173 #* NEXTDC, Ltd. 403,993 1,325,895 nib holdings, Ltd. 2,772,247 12,735,530 Nick Scali, Ltd. 207,427 1,013,295 # Nine Entertainment Co. Holdings, Ltd. 1,589,262 1,830,218 Northern Star Resources, Ltd. 4,806,957 17,029,591 * NRW Holdings, Ltd. 2,195,477 1,148,679 Nufarm, Ltd. 1,407,770 9,529,873 # OFX Group, Ltd. 999,833 1,312,699 oOh!media, Ltd. 49,189 158,308 #* Orocobre, Ltd. 892,424 2,282,304 Orora, Ltd. 5,642,635 12,459,259 OZ Minerals, Ltd. 2,198,276 14,691,214 # Pacific Current Group, Ltd. 96,140 538,402 Pacific Smiles Group, Ltd. 247,728 356,155 Pact Group Holdings, Ltd. 759,434 3,482,610 #* Paladin Energy, Ltd. 9,564,569 359,628 * Panoramic Resources, Ltd. 1,865,498 380,727 Peet, Ltd. 1,689,093 1,608,772 #* Peninsula Energy, Ltd. 209,095 57,620 Pepper Group, Ltd. 6,014 16,784 # Perpetual, Ltd. 356,426 14,395,494 #* Perseus Mining, Ltd. 4,623,427 1,173,507 Pioneer Credit, Ltd. 62,071 129,084 # Platinum Asset Management, Ltd. 974,035 4,261,593 PMP, Ltd. 2,346,052 1,388,076 # Premier Investments, Ltd. 594,567 6,489,594 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- AUSTRALIA -- (Continued) * Prima Biomed, Ltd. 1,409,121 $ 25,939 Primary Health Care, Ltd. 3,326,526 9,013,563 # Prime Media Group, Ltd. 2,031,951 658,788 Pro Medicus, Ltd. 71,832 298,413 Programmed Maintenance Services, Ltd. 1,899,060 4,529,170 PWR Holdings, Ltd. 8,871 15,369 # Qube Holdings, Ltd. 3,798,778 8,075,643 # Quintis, Ltd. 2,130,129 511,231 #* Ramelius Resources, Ltd. 3,413,921 1,097,993 # RCG Corp., Ltd. 599,598 438,793 * RCR Tomlinson, Ltd. 1,055,209 3,166,092 Reckon, Ltd. 401,501 482,420 Reece, Ltd. 228,772 7,736,806 # Regis Healthcare, Ltd. 806,103 2,379,956 Regis Resources, Ltd. 2,702,494 8,328,922 # Reject Shop, Ltd. (The) 269,244 1,052,627 # Resolute Mining, Ltd. 7,575,156 6,542,329 # Retail Food Group, Ltd. 1,296,354 5,025,567 Ridley Corp., Ltd. 1,461,510 1,671,248 * RPMGlobal Holdings, Ltd. 30,702 14,979 Ruralco Holdings, Ltd. 156,619 388,414 RXP Services, Ltd. 201,559 143,554 * Salmat, Ltd. 645,788 200,663 Sandfire Resources NL 875,632 4,060,369 * Saracen Mineral Holdings, Ltd. 6,350,203 6,878,332 # SeaLink Travel Group, Ltd. 119,114 403,242 # Select Harvests, Ltd. 547,489 2,146,968 * Senetas Corp., Ltd. 131,335 9,464 #* Senex Energy, Ltd. 6,674,885 1,523,978 # Servcorp, Ltd. 325,416 1,557,880 Service Stream, Ltd. 1,930,150 2,086,112 # Seven Group Holdings, Ltd. 559,015 5,349,961 Seven West Media, Ltd. 7,785,820 5,044,358 SG Fleet Group, Ltd. 260,164 764,370 Shine Corporate, Ltd. 15,573 8,246 Shriro Holdings, Ltd. 66,087 62,701 Sigma Healthcare, Ltd. 7,817,607 6,006,580 #* Silex Systems, Ltd. 511,695 149,476 # Silver Chef, Ltd. 130,022 876,636 #* Silver Lake Resources, Ltd. 4,060,760 1,456,221 Sims Metal Management, Ltd. 1,382,214 17,169,215 * Sino Gas & Energy Holdings, Ltd. 240,068 16,316 # Sirtex Medical, Ltd. 477,168 6,140,823 SmartGroup Corp., Ltd. 200,113 1,198,691 SMS Management & Technology, Ltd. 575,318 827,806 Southern Cross Media Group, Ltd. 3,965,374 4,205,317 Spark Infrastructure Group 9,806,197 19,632,006 * Specialty Fashion Group, Ltd. 786,397 279,397 # SpeedCast International, Ltd. 878,185 2,423,121 * St Barbara, Ltd. 3,864,261 8,436,133 Steadfast Group, Ltd. 3,409,007 7,062,042 * Strike Energy, Ltd. 1,576,787 92,094 #* Sundance Energy Australia, Ltd. 5,832,497 308,324 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ------------ AUSTRALIA -- (Continued) Sunland Group, Ltd. 740,896 $ 1,060,548 # Super Retail Group, Ltd. 1,288,021 8,634,139 #* Syrah Resources, Ltd. 1,007,148 2,321,359 Tabcorp Holdings, Ltd. 3,586,818 11,985,083 Tassal Group, Ltd. 1,275,372 3,868,749 Technology One, Ltd. 1,772,760 7,608,815 #* Ten Network Holdings, Ltd. 1,309,458 167,611 # Thorn Group, Ltd. 695,608 734,877 * Tiger Resources, Ltd. 9,447,997 278,149 # Tox Free Solutions, Ltd. 1,230,870 2,353,691 Treasury Wine Estates, Ltd. 129,518 1,260,957 Tribune Resources, Ltd. 3,093 15,834 * Troy Resources, Ltd. 2,230,415 197,120 Villa World, Ltd. 524,513 944,593 # Village Roadshow, Ltd. 836,651 2,690,384 #* Virgin Australia Holdings, Ltd. 11,885,050 1,664,677 Virtus Health, Ltd. 425,171 1,906,097 # Vita Group, Ltd. 233,830 245,467 # Vocus Group, Ltd. 4,330,071 12,079,291 * Watpac, Ltd. 760,701 359,187 Webjet, Ltd. 650,026 5,987,284 Webster, Ltd. 23,507 25,383 #* Western Areas, Ltd. 2,274,784 4,314,128 #* Westgold Resources, Ltd. 1,434,949 1,815,101 #* Whitehaven Coal, Ltd. 4,143,411 9,846,309 * WorleyParsons, Ltd. 987,938 9,323,930 # WPP AUNZ, Ltd. 2,447,007 2,253,944 Xenith IP Group, Ltd. 9,607 16,434 * Yowie Group, Ltd. 40,157 7,075 ------------ TOTAL AUSTRALIA 909,676,287 ------------ CHINA -- (0.1%) BEP International Holdings, Ltd. 19,360,000 509,656 * HongDa Financial Holding, Ltd. 3,480,000 98,398 K Wah International Holdings, Ltd. 31,826 19,126 * KuangChi Science, Ltd. 1,557,000 545,864 Lisi Group Holdings, Ltd. 9,668,000 766,723 * Petro-King Oilfield Services, Ltd. 617,713 24,897 Rivera Holdings, Ltd. 5,710,000 423,846 ------------ TOTAL CHINA 2,388,510 ------------ HONG KONG -- (24.3%) #* 13 Holdings, Ltd. (The) 142,500 18,622 # Aeon Credit Service Asia Co., Ltd. 650,000 495,648 Aeon Stores Hong Kong Co., Ltd. 248,000 221,129 Agritrade Resources, Ltd. 3,065,000 753,507 Alco Holdings, Ltd. 1,614,000 417,023 Allan International Holdings 32,000 9,501 Allied Group, Ltd. 663,200 4,056,042 Allied Properties HK, Ltd. 12,007,857 2,625,975 Alltronics Holdings, Ltd. 1,929,600 728,864 * Anxian Yuan China Holdings, Ltd. 3,100,000 21,796 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ---------- HONG KONG -- (Continued) * APAC Resources, Ltd. 3,174,735 $ 405,877 #* Applied Development Holdings, Ltd. 6,900,000 467,964 APT Satellite Holdings, Ltd. 3,008,500 1,484,070 Arts Optical International Hldgs, Ltd. 730,000 253,832 Asia Financial Holdings, Ltd. 2,404,908 1,317,032 * Asia Investment Finance Group, Ltd. 5,674,000 49,373 Asia Satellite Telecommunications Holdings, Ltd. 934,500 956,062 Asia Standard Hotel Group, Ltd. 34,311,654 2,321,976 Asia Standard International Group, Ltd. 13,316,917 3,865,549 Asian Growth Properties, Ltd. 1,486,095 538,711 Associated International Hotels, Ltd. 952,000 2,924,894 #* Auto Italia Holdings 1,900,000 19,000 BeijingWest Industries International, Ltd. 1,277,600 233,742 * Bisu Technology Group International, Ltd. 16,000 15,833 # Bonjour Holdings, Ltd. 13,988,600 671,277 Bossini International Holdings, Ltd. 3,699,500 217,937 # Bright Smart Securities & Commodities Group, Ltd. 5,254,000 1,550,859 * Brightoil Petroleum Holdings, Ltd. 10,160,000 2,640,044 #* Brockman Mining, Ltd. 22,810,814 335,956 * Burwill Holdings, Ltd. 31,596,960 844,487 Cafe de Coral Holdings, Ltd. 2,438,000 7,847,229 * Cash Financial Services Group, Ltd. 2,934,000 95,723 * CCT Land Holdings, Ltd. 18,640,000 23,919 Century City International Holdings, Ltd. 6,575,460 621,925 CGN Mining Co., Ltd. 2,640,000 212,646 * Champion Technology Holdings, Ltd. 17,285,089 258,444 Chen Hsong Holdings 1,212,000 372,721 Cheuk Nang Holdings, Ltd. 659,127 438,739 Chevalier International Holdings, Ltd. 820,989 1,371,218 #* China Baofeng International, Ltd. 22,000 10,266 * China Best Group Holding, Ltd. 5,300,000 73,233 * China Chuanglian Education Financial Group, Ltd. 4,664,000 70,849 China Display Optoelectronics Technology Holdings, Ltd. 4,288,000 640,922 * China Energy Development Holdings, Ltd. 52,140,000 613,967 * China Ever Grand Financial Leasing Group Co., Ltd. 810,000 6,429 China Flavors & Fragrances Co., Ltd. 1,561,028 469,434 * China Fortune Financial Group, Ltd. 6,570,000 167,963 * China Healthcare Enterprise Group, Ltd. 7,756,000 131,183 #* China LNG Group, Ltd. 77,280,000 1,236,591 * China Ludao Technology Co., Ltd. 580,000 126,175 * China Medical & Healthcare Group, Ltd. 42,916,800 2,002,443 China Metal International Holdings, Inc. 2,670,000 1,008,069 China Motor Bus Co., Ltd. 60,600 794,835 * China National Culture Group, Ltd. 7,410,000 16,114 #* China Soft Power Technology Holdings, Ltd. 5,790,402 88,067 * China Solar Energy Holdings, Ltd. 1,669,500 7,214 * China Star Entertainment, Ltd. 1,850,000 123,150 #* China Strategic Holdings, Ltd. 64,036,250 860,318 China Ting Group Holdings, Ltd. 2,565,151 129,559 * China Wah Yan Healthcare, Ltd. 11,685,000 34,362 # Chinese Estates Holdings, Ltd. 665,500 1,118,979 * Chinlink International Holdings, Ltd. 1,554,800 226,769 Chinney Investments, Ltd. 1,180,000 596,192 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ----------- ----------- HONG KONG -- (Continued) Chong Hing Bank, Ltd. 107,000 $ 218,216 Chow Sang Sang Holdings International, Ltd. 2,391,000 5,583,292 CHTC Fong's Industries Co., Ltd. 42,000 10,840 Chuang's China Investments, Ltd. 8,401,407 741,645 Chuang's Consortium International, Ltd. 7,163,043 1,667,648 CITIC Telecom International Holdings, Ltd. 12,426,125 3,783,062 CK Life Sciences Intl Holdings, Inc. 22,972,000 1,879,429 # CMBC Capital Holdings, Ltd. 12,270,000 589,088 * CMMB Vision Holdings, Ltd. 8,056,000 401,919 CNQC International Holdings, Ltd. 2,880,000 914,368 CNT Group, Ltd. 8,303,264 520,198 #* Common Splendor International Health Industry Group, Ltd. 9,024,000 681,418 * Continental Holdings, Ltd. 450,000 5,997 # Convenience Retail Asia, Ltd. 142,000 70,664 #* Convoy Global Holdings, Ltd. 45,930,000 1,040,105 * Cosmopolitan International Holdings, Ltd. 440,000 28,127 # Cowell e Holdings, Inc. 1,993,000 815,109 * CP Lotus Corp. 11,880,000 231,432 * Crocodile Garments 2,085,000 266,852 # Cross-Harbour Holdings, Ltd. (The) 889,956 1,351,225 CSI Properties, Ltd. 39,356,383 2,090,285 # CW Group Holdings, Ltd. 2,711,500 454,556 Dah Sing Banking Group, Ltd. 3,948,316 8,455,749 # Dah Sing Financial Holdings, Ltd. 1,500,544 10,617,717 Dickson Concepts International, Ltd. 1,282,500 484,165 * Ding He Mining Holdings, Ltd. 8,124,000 39,474 Dynamic Holdings, Ltd. 52,000 53,897 Eagle Nice International Holdings, Ltd. 1,846,000 762,814 EcoGreen International Group, Ltd. 1,634,640 337,255 Emperor Capital Group, Ltd. 31,323,000 2,802,291 Emperor Entertainment Hotel, Ltd. 4,665,000 1,223,993 Emperor International Holdings, Ltd. 9,154,753 3,537,695 * Emperor Watch & Jewellery, Ltd. 26,450,000 1,151,483 * Enerchina Holdings, Ltd. 20,782,500 493,607 * ENM Holdings, Ltd. 14,680,000 977,374 #* Esprit Holdings, Ltd. 14,828,050 7,306,207 * eSun Holdings, Ltd. 4,444,000 557,367 * Eternity Investment, Ltd. 830,000 19,855 # Fairwood Holdings, Ltd. 719,100 2,973,587 Far East Consortium International, Ltd. 9,468,288 5,220,217 * Far East Holdings International, Ltd. 720,000 63,475 # FIH Mobile, Ltd. 16,311,000 5,449,905 First Pacific Co., Ltd. 6,020,000 4,505,344 * First Shanghai Investments, Ltd. 5,576,000 754,952 Fountain SET Holdings, Ltd. 5,842,000 769,815 # Four Seas Mercantile Holdings, Ltd. 610,000 275,871 * Freeman FinTech Corp., Ltd. 15,420,000 986,329 Fulum Group Holdings, Ltd. 76,000 10,017 Future Bright Holdings, Ltd. 3,288,000 294,470 * Future World Financial Holdings, Ltd. 205,723 3,529 * G-Resources Group, Ltd. 172,599,600 2,253,443 #* GCL New Energy Holdings, Ltd. 28,696,000 1,321,347 # Get Nice Financial Group, Ltd. 1,258,600 206,074 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) # Get Nice Holdings, Ltd. 41,752,000 $ 1,468,403 Giordano International, Ltd. 11,466,000 6,380,504 * Global Brands Group Holding, Ltd. 33,378,000 3,158,556 Glorious Sun Enterprises, Ltd. 4,328,000 504,574 Gold Peak Industries Holdings, Ltd. 3,029,642 296,963 Golden Resources Development International, Ltd. 3,330,500 217,199 #* Good Resources Holdings, Ltd. 9,720,000 515,469 Goodbaby International Holdings, Ltd. 304,000 148,977 * Grande Holdings, Ltd. (The) 882,000 32,163 Great Eagle Holdings, Ltd. 614,566 3,370,224 Guangnan Holdings, Ltd. 2,363,600 326,757 Guoco Group, Ltd. 2,000 23,447 # Guotai Junan International Holdings, Ltd. 24,430,797 7,521,262 # Haitong International Securities Group, Ltd. 13,596,015 7,835,664 Hanison Construction Holdings, Ltd. 2,103,649 411,549 * Hao Tian Development Group, Ltd. 19,412,388 645,144 Harbour Centre Development, Ltd. 935,500 1,749,554 * Henry Group Holdings, Ltd. 560,000 117,399 High Fashion International, Ltd. 268,000 69,994 HKBN, Ltd. 3,280,500 3,242,640 * HKR International, Ltd. 6,035,136 3,351,232 Hon Kwok Land Investment Co., Ltd. 388,800 240,193 Hong Kong Aircraft Engineering Co., Ltd. 126,800 884,331 * Hong Kong Building & Loan Agency, Ltd. (The) 752,000 20,393 Hong Kong Ferry Holdings Co., Ltd. 866,300 1,011,180 Hong Kong Shanghai Alliance Holdings, Ltd. 1,248,002 135,629 * Hong Kong Television Network, Ltd. 3,075,751 1,054,644 # Hongkong & Shanghai Hotels, Ltd. (The) 2,198,612 3,908,204 Hongkong Chinese, Ltd. 5,038,000 922,270 Hop Hing Group Holdings, Ltd. 10,176,000 299,459 Hopewell Holdings, Ltd. 3,366,000 12,874,168 #* Hsin Chong Group Holdings, Ltd. 13,109,658 440,580 #* Huarong Investment Stock Corp., Ltd. 490,000 70,973 * Huisheng International Holdings, Ltd. 3,328,000 174,567 Hung Hing Printing Group, Ltd. 2,728,000 579,376 Hutchison Telecommunications Hong Kong Holdings, Ltd. 12,042,000 4,620,796 * I-CABLE Communications, Ltd. 4,761,000 328,711 # IGG, Inc. 7,821,000 13,156,958 * Imagi International Holdings, Ltd. 2,142,300 166,878 * International Standard Resources Holdings, Ltd. 15,485,250 144,627 * iOne Holdings, Ltd. 14,160,000 345,797 IPE Group, Ltd. 3,345,000 834,719 #* IRC, Ltd. 10,590,266 488,024 IT, Ltd. 4,344,532 2,167,318 ITC Properties Group, Ltd. 5,487,001 2,140,896 * Jinhui Holdings Co., Ltd. 102,000 13,093 Johnson Electric Holdings, Ltd. 2,358,750 8,381,577 Kader Holdings Co., Ltd. 92,000 9,427 Kam Hing International Holdings, Ltd. 1,830,000 121,783 * Kantone Holdings, Ltd. 919,364 59,961 Karrie International Holdings, Ltd. 1,878,000 297,773 Keck Seng Investments 878,600 756,747 Kerry Logistics Network, Ltd. 2,406,000 3,459,814 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ----------- ----------- HONG KONG -- (Continued) Kingmaker Footwear Holdings, Ltd. 1,914,955 $ 563,473 * Kong Sun Holdings, Ltd. 6,275,000 272,484 Kowloon Development Co., Ltd. 2,541,000 2,799,084 * Kwan On Holdings, Ltd. 2,340,000 379,893 Kwoon Chung Bus Holdings, Ltd. 44,000 26,179 L'Occitane International SA 807,000 1,865,566 * L'sea Resources International Holdings, Ltd. 5,480,000 69,625 Lai Sun Development Co., Ltd. 92,468,345 3,428,330 Lai Sun Garment International, Ltd. 3,347,156 1,474,061 Lam Soon Hong Kong, Ltd. 302,310 437,050 #* Landing International Development, Ltd. 264,680,000 3,045,270 Landsea Green Properties Co., Ltd. 948,000 89,722 * LEAP Holdings Group, Ltd. 5,160,000 171,656 # Li & Fung, Ltd. 1,860,000 680,400 Lifestyle International Holdings, Ltd. 2,133,500 2,903,685 Lippo China Resources, Ltd. 20,922,000 749,504 Lippo, Ltd. 1,161,700 698,796 Liu Chong Hing Investment, Ltd. 1,313,200 2,171,102 Luk Fook Holdings International, Ltd. 3,243,000 11,906,866 Luks Group Vietnam Holdings Co., Ltd. 514,913 169,335 Lung Kee Bermuda Holdings 1,609,875 747,828 #* Macau Legend Development, Ltd. 17,592,000 3,036,242 Magnificent Hotel Investment, Ltd. 13,170,000 382,446 * Man Sang International, Ltd. 132,000 7,774 # Man Wah Holdings, Ltd. 13,578,800 11,721,223 * Mason Group Holdings, Ltd. 48,153,399 640,208 # Master Glory Group, Ltd.(BYTP1T9) 45,010,592 615,262 Master Glory Group, Ltd.(BYTP1T9) 394,860 5,409 Matrix Holdings, Ltd. 1,067,414 443,278 Melbourne Enterprises, Ltd. 39,500 963,187 Melco International Development, Ltd. 5,011,000 11,840,965 Microport Scientific Corp. 133,000 104,820 #* Midland Holdings, Ltd. 5,182,000 1,378,195 * Midland IC&I, Ltd. 2,591,000 130,863 Ming Fai International Holdings, Ltd. 2,148,000 338,034 Miramar Hotel & Investment 922,000 2,112,207 Modern Dental Group, Ltd. 214,000 82,096 * Mongolian Mining Corp. 12,498,000 440,571 NagaCorp, Ltd. 11,214,000 6,835,442 Nanyang Holdings, Ltd. 133,500 727,739 National Electronic Hldgs 2,668,600 368,367 * National United Resources Holdings, Ltd. 18,280,000 62,253 * Neo-Neon Holdings, Ltd. 2,337,500 254,036 * Neptune Group, Ltd. 1,105,000 47,329 * NetMind Financial Holdings, Ltd. 133,296,000 630,745 * New Century Group Hong Kong, Ltd. 13,351,464 237,045 * NEW Concepts Holdings, Ltd. 928,000 441,962 * New Times Energy Corp., Ltd. 8,918,600 281,853 * Newocean Energy Holdings, Ltd. 8,052,000 2,380,005 * Next Digital, Ltd. 4,295,183 209,087 * Nine Express, Ltd. 12,438,000 453,218 * O Luxe Holdings, Ltd. 11,674,500 2,165,568 * OCI International Holdings, Ltd. 56,000 10,359 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) On Time Logistics Holdings, Ltd. 784,000 $ 390,346 # OP Financial Investments, Ltd. 828,000 274,358 * Orange Sky Golden Harvest Entertainment Holdings, Ltd. 9,759,706 1,236,057 * Orient Overseas International, Ltd. 1,483,500 13,806,028 # Oriental Watch Holdings 3,070,800 648,027 * Pacific Andes International Holdings, Ltd. 19,435,067 68,178 * Pacific Basin Shipping, Ltd. 30,943,000 6,761,038 * Pacific Plywood Holdings, Ltd. 2,200,000 126,678 # Pacific Textiles Holdings, Ltd. 6,707,000 7,584,979 Pak Fah Yeow International, Ltd. 5,000 2,195 Paliburg Holdings, Ltd. 3,152,830 1,347,248 * Pan Asia Environmental Protection Group, Ltd. 214,000 20,249 #* Paradise Entertainment, Ltd. 3,652,000 477,170 * Pearl Oriental Oil, Ltd. 11,849,400 263,837 * Pegasus Entertainment Holdings, Ltd. 664,000 16,144 Pegasus International Holdings, Ltd. 226,000 28,929 Perfect Shape Beauty Technology, Ltd. 1,172,000 134,974 # Pico Far East Holdings, Ltd. 5,578,000 2,299,149 Playmates Holdings, Ltd. 6,920,000 983,031 Playmates Toys, Ltd. 6,208,000 1,056,419 # Pokfulam Development Co. 234,000 589,954 Polytec Asset Holdings, Ltd. 11,323,526 978,264 PT International Development Co., Ltd. 2,839,150 192,650 Public Financial Holdings, Ltd. 3,102,000 1,440,943 PuraPharm Corp., Ltd. 137,000 60,866 * PYI Corp., Ltd. 24,147,973 531,399 * Qianhai Health Holdings, Ltd. 157,499 1,671 Raymond Industrial, Ltd. 30,400 4,221 # Regal Hotels International Holdings, Ltd. 2,871,800 2,249,222 * Regent Pacific Group, Ltd. 1,470,000 54,503 # Regina Miracle International Holdings, Ltd. 1,401,000 1,233,825 #* Rentian Technology Holdings, Ltd. 11,250,000 547,079 * Runway Global Holdings Co., Ltd. 588,000 76,746 SA SA International Holdings, Ltd. 11,234,688 4,126,674 Safety Godown Co., Ltd. 400,000 1,024,100 SAS Dragon Holdings, Ltd. 2,120,000 626,891 # SEA Holdings, Ltd. 1,172,000 1,380,100 * SEEC Media Group, Ltd. 6,100,000 28,093 # Shenwan Hongyuan HK, Ltd. 4,201,250 1,583,257 * Shougang Concord Grand Group, Ltd. 1,158,000 33,798 Shun Ho Property Investments, Ltd. 1,254,757 494,437 * Shun Tak Holdings, Ltd. 13,985,419 6,031,317 * Silver base Group Holdings, Ltd. 3,641,515 242,223 * Sincere Watch Hong Kong, Ltd. 4,450,000 95,098 Sing Tao News Corp., Ltd. 1,974,000 255,112 #* Singamas Container Holdings, Ltd. 11,510,000 1,648,832 SIS International Holdings 34,000 18,275 SITC International Holdings Co., Ltd. 2,029,000 1,688,078 # Sitoy Group Holdings, Ltd. 1,463,000 320,065 Sky Light Holdings, Ltd. 304,000 60,247 SmarTone Telecommunications Holdings, Ltd. 3,918,031 5,145,465 * SOCAM Development, Ltd. 1,744,771 528,950 * Solartech International Holdings, Ltd. 11,520,000 751,821 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- HONG KONG -- (Continued) * Solomon Systech International, Ltd. 10,100,000 $ 459,343 Soundwill Holdings, Ltd. 596,500 1,495,163 * South China Assets Holdings, Ltd. 1,679,170 11,921 * South China Financial Holdings, Ltd. 18,650,000 124,037 * South China Holdings Co., Ltd. 17,774,503 682,100 Stella International Holdings, Ltd. 1,774,000 3,040,557 * Stelux Holdings International, Ltd. 3,011,400 258,210 Strong Petrochemical Holdings, Ltd. 1,928,000 397,614 * Success Universe Group, Ltd. 6,716,000 185,272 #* Summit Ascent Holdings, Ltd. 3,490,000 789,770 Sun Hing Vision Group Holdings, Ltd. 358,000 143,961 Sun Hung Kai & Co., Ltd. 4,771,429 3,150,984 * Suncorp Technologies, Ltd. 1,970,000 6,540 Sunwah Kingsway Capital Holdings, Ltd. 7,690,000 116,099 TAI Cheung Holdings, Ltd. 2,114,000 2,304,966 Tai Sang Land Development, Ltd. 781,910 548,783 * Talent Property Group, Ltd. 14,355,000 176,352 # Tan Chong International, Ltd. 1,176,000 368,238 Tao Heung Holdings, Ltd. 1,166,000 241,842 Television Broadcasts, Ltd. 2,183,300 7,992,134 * Termbray Industries International Holdings, Ltd. 2,304,900 250,977 Tern Properties Co., Ltd. 51,200 30,976 # Texwinca Holdings, Ltd. 6,986,000 4,238,200 Tian Teck Land, Ltd. 1,024,000 1,193,046 TK Group Holdings, Ltd. 172,000 70,369 * Tom Group, Ltd. 858,000 211,035 # Town Health International Medical Group, Ltd. 4,318,000 326,240 # Tradelink Electronic Commerce, Ltd. 5,670,000 1,073,840 # Transport International Holdings, Ltd. 1,306,141 4,404,936 #* Trinity, Ltd. 8,046,000 463,480 * TSC Group Holdings, Ltd. 3,386,000 299,051 # Tsui Wah Holdings, Ltd. 1,840,000 284,679 #* United Laboratories International Holdings, Ltd. (The) 5,776,000 3,620,162 * Universal Technologies Holdings, Ltd. 7,410,000 280,584 * Up Energy Development Group, Ltd. 3,929,000 12,173 Upbest Group, Ltd. 72,000 11,265 * Value Convergence Holdings, Ltd. 3,280,000 545,557 # Value Partners Group, Ltd. 1,896,000 1,761,604 Vanke Property Overseas, Ltd. 49,000 30,725 Vantage International Holdings, Ltd. 3,160,000 451,988 Varitronix International, Ltd. 2,769,293 1,478,629 Vedan International Holdings, Ltd. 3,576,000 420,995 Victory City International Holdings, Ltd. 24,979,660 846,880 Vitasoy International Holdings, Ltd. 5,585,000 11,934,921 * VS International Group, Ltd. 488,000 18,124 # VST Holdings, Ltd. 5,221,600 1,385,937 VTech Holdings, Ltd. 854,500 12,359,743 Wai Kee Holdings, Ltd. 7,640,738 3,465,303 Wang On Group, Ltd. 5,160,000 46,855 Win Hanverky Holdings, Ltd. 2,734,000 384,708 * Winfull Group Holdings, Ltd. 9,512,000 238,603 Wing On Co. International, Ltd. 759,000 2,560,676 Wing Tai Properties, Ltd. 1,993,331 1,364,178 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ------------ HONG KONG -- (Continued) Wonderful Sky Financial Group Holdings, Ltd. 898,000 $ 232,090 Wong's International Holdings, Ltd. 737,641 308,090 Wong's Kong King International 322,000 42,423 Xinyi Glass Holdings, Ltd. 17,658,000 18,245,960 Yangtzekiang Garment, Ltd. 606,500 228,947 * Yat Sing Holdings, Ltd. 190,000 88,552 * Yau Lee Holdings, Ltd. 424,000 66,453 # Yeebo International Holdings, Ltd. 2,922,000 1,603,324 YGM Trading, Ltd. 447,000 403,829 * YT Realty Group, Ltd. 749,000 234,960 Yugang International, Ltd. 90,818,000 2,210,209 ------------ TOTAL HONG KONG 498,803,631 ------------ NEW ZEALAND -- (7.0%) #* a2 Milk Co., Ltd. 2,469,247 8,188,481 Abano Healthcare Group, Ltd. 30,725 237,686 Air New Zealand, Ltd. 3,693,701 9,299,152 Arvida Group, Ltd. 87,109 84,405 Briscoe Group, Ltd. 2,235 6,821 CBL Corp., Ltd. 10,545 28,752 Chorus, Ltd. 2,223,591 7,451,232 Colonial Motor Co., Ltd. (The) 144,588 829,089 Comvita, Ltd. 2,780 12,723 Contact Energy, Ltd. 1,741,560 7,012,641 EBOS Group, Ltd. 451,590 6,134,699 Evolve Education Group, Ltd. 36,611 27,464 # Freightways, Ltd. 974,609 5,818,044 Genesis Energy, Ltd. 1,219,140 2,271,018 Gentrack Group, Ltd. 20,725 77,839 Hallenstein Glasson Holdings, Ltd. 242,445 564,017 Heartland Bank, Ltd. 1,040,255 1,421,906 Infratil, Ltd. 3,268,694 7,588,597 Investore Property, Ltd. 22,938 23,759 Kathmandu Holdings, Ltd. 715,217 1,219,812 # Mainfreight, Ltd. 539,049 9,837,178 Methven, Ltd. 96,877 81,444 # Metlifecare, Ltd. 600,280 2,520,367 # Metro Performance Glass, Ltd. 49,156 56,863 Millennium & Copthorne Hotels New Zealand, Ltd. 395,725 820,157 * New Zealand Oil & Gas, Ltd. 829,896 373,727 New Zealand Refining Co., Ltd. (The) 616,799 1,143,657 # NZME, Ltd. 945,851 658,971 # NZX, Ltd. 952,265 843,019 Opus International Consultants, Ltd. 12,925 9,665 * Orion Health Group, Ltd. 4,001 3,725 * Pacific Edge, Ltd. 442,720 149,511 PGG Wrightson, Ltd. 999,976 435,723 # Port of Tauranga, Ltd. 2,576,525 9,054,944 Restaurant Brands New Zealand, Ltd. 593,355 2,858,459 * Rubicon, Ltd. 1,442,620 243,252 Ryman Healthcare, Ltd. 1,088,451 7,208,535 Sanford, Ltd. 382,357 2,083,739 Scales Corp., Ltd. 74,965 192,012 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ------------ NEW ZEALAND -- (Continued) Scott Technology, Ltd. 45,734 $ 116,720 # Skellerup Holdings, Ltd. 563,985 711,849 SKY Network Television, Ltd. 2,080,268 5,170,462 SKYCITY Entertainment Group, Ltd. 5,292,424 16,061,340 Steel & Tube Holdings, Ltd. 441,625 732,822 Summerset Group Holdings, Ltd. 824,827 3,004,627 Tilt Renewables, Ltd. 87,581 142,123 Tourism Holdings, Ltd. 387,215 1,245,430 * Tower, Ltd. 887,040 626,187 Trade Me Group, Ltd. 1,783,440 7,332,743 Trustpower, Ltd. 145,712 634,854 Vector, Ltd. 1,381,288 3,529,802 Warehouse Group, Ltd. (The) 698,604 1,133,341 * Xero, Ltd. 187,902 3,722,951 Z Energy, Ltd. 365,111 2,122,700 ------------ TOTAL NEW ZEALAND 143,161,036 ------------ SINGAPORE -- (10.2%) * Abterra, Ltd. 461,800 78,091 Accordia Golf Trust 3,173,100 1,650,096 AEM Holdings, Ltd. 9,900 19,720 # Amara Holdings, Ltd. 974,800 366,654 Ascendas India Trust 1,521,200 1,290,353 * ASL Marine Holdings, Ltd. 148,950 14,230 Baker Technology, Ltd. 289,580 132,413 * Banyan Tree Holdings, Ltd. 1,022,900 414,993 # Best World International, Ltd. 2,067,250 2,346,833 Bonvests Holdings, Ltd. 950,000 914,292 * Boustead Projects, Ltd. 497,612 342,499 Boustead Singapore, Ltd. 1,827,636 1,279,731 Breadtalk Group, Ltd. 894,200 1,154,834 Broadway Industrial Group, Ltd. 224,330 22,671 Bukit Sembawang Estates, Ltd. 722,703 3,629,943 Bund Center Investment, Ltd. 659,825 382,485 Centurion Corp., Ltd. 825,900 313,918 # China Aviation Oil Singapore Corp., Ltd. 2,336,199 2,826,788 China Sunsine Chemical Holdings, Ltd. 172,500 113,474 Chip Eng Seng Corp., Ltd. 3,445,300 1,841,816 Chuan Hup Holdings, Ltd. 3,853,500 767,544 CITIC Envirotech, Ltd. 420,600 233,170 Civmec, Ltd. 162,700 73,222 #* COSCO Shipping International Singapore Co., Ltd. 8,095,300 1,819,879 * Creative Technology, Ltd. 272,200 227,865 CSE Global, Ltd. 3,443,600 1,053,976 # CWT, Ltd. 1,799,000 2,746,546 # Del Monte Pacific, Ltd. 2,363,364 540,087 # Delfi, Ltd. 788,500 1,166,196 * DMX Technologies Group, Ltd. 2,096,000 30,261 Duty Free International, Ltd. 132,000 30,160 * Dyna-Mac Holdings, Ltd. 2,007,300 204,183 Elec & Eltek International Co., Ltd. 154,800 256,940 EnGro Corp., Ltd. 354,000 240,962 #* Ezion Holdings, Ltd. 12,591,378 2,229,867 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ---------- SINGAPORE -- (Continued) #* Ezra Holdings, Ltd. 19,242,923 $ 117,859 * Falcon Energy Group, Ltd. 1,357,700 54,075 Far East Orchard, Ltd. 1,085,585 1,239,378 # First Resources, Ltd. 4,935,500 6,805,968 * First Ship Lease Trust 160,900 9,149 First Sponsor Group, Ltd. 440,661 443,943 # Food Empire Holdings, Ltd. 1,418,200 689,624 Fragrance Group, Ltd. 6,077,000 736,007 Frasers Centrepoint, Ltd. 516,700 733,990 Frencken Group, Ltd. 59,800 22,016 Fu Yu Corp., Ltd. 1,622,200 239,253 #* Gallant Venture, Ltd. 4,992,500 509,009 # Geo Energy Resources, Ltd. 2,425,500 456,130 GK Goh Holdings, Ltd. 1,484,065 1,116,027 GL, Ltd. 3,401,300 1,844,550 Golden Agri-Resources, Ltd. 22,363,500 6,511,827 * Golden Energy & Resources, Ltd. 148,900 41,662 GP Batteries International, Ltd. 235,000 137,753 GP Industries, Ltd. 2,567,609 1,146,296 # GuocoLand, Ltd. 1,065,214 1,496,816 #* Halcyon Agri Corp., Ltd. 1,695,148 688,744 Hanwell Holdings, Ltd. 1,888,219 459,549 # Haw Par Corp., Ltd. 63,200 489,936 Health Management International, Ltd. 1,405,730 689,462 Hi-P International, Ltd. 1,271,600 956,716 # Hiap Hoe, Ltd. 498,000 272,167 Ho Bee Land, Ltd. 1,604,700 2,863,305 Hong Fok Corp., Ltd. 3,551,394 2,055,204 Hong Leong Asia, Ltd. 716,300 572,912 Hong Leong Finance, Ltd. 176,700 342,591 Hotel Grand Central, Ltd. 1,531,768 1,526,206 Hour Glass, Ltd. (The) 1,814,832 901,716 Hutchison Port Holdings Trust 3,377,900 1,603,499 Hwa Hong Corp., Ltd. 2,123,500 502,643 Hyflux, Ltd. 3,262,300 1,154,661 Indofood Agri Resources, Ltd. 3,432,100 1,253,705 InnoTek, Ltd. 408,900 117,461 * IPC Corp., Ltd. 177,370 56,168 Isetan Singapore, Ltd. 119,000 365,929 # Japfa, Ltd. 2,179,700 932,076 # k1 Ventures, Ltd. 1,005,220 538,007 Keppel Infrastructure Trust 8,949,932 3,631,725 Keppel Telecommunications & Transportation, Ltd. 1,369,300 1,581,325 Koh Brothers Group, Ltd. 1,432,000 305,896 #* KrisEnergy, Ltd. 1,190,300 127,274 KSH Holdings, Ltd. 336,500 202,399 Lian Beng Group, Ltd. 2,253,500 1,006,102 Low Keng Huat Singapore, Ltd. 889,800 418,468 Lum Chang Holdings, Ltd. 1,094,030 282,511 # M1, Ltd. 2,667,000 3,552,108 # Mandarin Oriental International, Ltd. 358,800 725,372 * Mermaid Maritime PCL 274,000 34,355 # Metro Holdings, Ltd. 2,769,292 2,378,894 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- SINGAPORE -- (Continued) Mewah International, Inc. 89,000 $ 19,030 #* Midas Holdings, Ltd. 8,558,700 1,292,840 * Nam Cheong, Ltd. 6,557,040 96,772 Nera Telecommunications, Ltd. 1,143,400 320,621 New Toyo International Holdings, Ltd. 1,624,000 323,348 #* Noble Group, Ltd. 7,518,480 2,075,814 NSL, Ltd. 409,900 432,206 Olam International, Ltd. 317,100 456,224 OUE, Ltd. 1,996,500 2,945,863 Overseas Education, Ltd. 65,300 18,290 # Oxley Holdings, Ltd. 2,240,300 958,043 #* Pacc Offshore Services Holdings, Ltd. 516,900 108,510 # Pan-United Corp., Ltd. 2,435,750 1,007,067 * Penguin International, Ltd. 446,032 85,822 Perennial Real Estate Holdings, Ltd. 117,100 75,943 # Q&M Dental Group Singapore, Ltd. 2,243,100 1,058,949 QAF, Ltd. 1,359,162 1,308,658 * Raffles Education Corp., Ltd. 4,176,710 596,720 # Raffles Medical Group, Ltd. 4,760,478 4,516,516 RHT Health Trust 3,131,500 2,055,871 Riverstone Holdings, Ltd. 1,182,600 920,609 Rotary Engineering, Ltd. 1,499,400 397,902 #* Rowsley, Ltd. 4,411,200 386,837 Roxy-Pacific Holdings, Ltd. 297,500 115,071 San Teh, Ltd. 171,787 21,712 # SATS, Ltd. 850,500 3,030,232 SBS Transit, Ltd. 926,200 1,756,030 # SembCorp Industries, Ltd. 3,431,700 8,172,807 # SembCorp Marine, Ltd. 3,825,900 4,754,483 Sheng Siong Group, Ltd. 4,266,400 2,974,860 # SHS Holdings, Ltd. 2,304,100 374,428 SIA Engineering Co., Ltd. 250,100 671,462 # SIIC Environment Holdings, Ltd. 4,602,820 1,647,349 # Sinarmas Land, Ltd. 6,897,100 2,160,828 Sing Holdings, Ltd. 1,150,700 313,868 Sing Investments & Finance, Ltd. 309,475 345,788 # Singapore Post, Ltd. 10,740,900 10,416,894 Singapore Reinsurance Corp., Ltd. 1,514,530 357,968 Singapore Shipping Corp., Ltd. 1,640,700 338,950 Singapura Finance, Ltd. 348,124 264,449 #* Sino Grandness Food Industry Group, Ltd. 4,336,435 703,001 Stamford Land Corp., Ltd. 3,188,100 1,224,161 # StarHub, Ltd. 1,826,100 3,677,966 Straco Corp., Ltd. 130,000 81,952 Sunningdale Tech, Ltd. 881,360 1,312,902 * SunVic Chemical Holdings, Ltd. 1,137,845 74,542 #* Swiber Holdings, Ltd. 2,895,250 43,584 * Tat Hong Holdings, Ltd. 2,662,560 726,225 Tiong Woon Corp. Holding, Ltd. 228,100 41,196 # Tuan Sing Holdings, Ltd. 4,252,495 1,049,083 # UMS Holdings, Ltd. 2,656,700 2,076,741 United Engineers, Ltd. 3,318,328 6,410,254 # United Industrial Corp., Ltd. 174,269 412,691 THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- -------------- SINGAPORE -- (Continued) United Overseas Insurance, Ltd. 181,850 $ 769,976 UOB-Kay Hian Holdings, Ltd. 2,008,761 2,045,217 UOL Group, Ltd. 1,885,717 10,971,915 # UPP Holdings, Ltd. 3,076,900 589,998 Valuetronics Holdings, Ltd. 1,915,950 1,144,759 Venture Corp., Ltd. 1,994,100 19,372,045 Vibrant Group, Ltd. 1,974,019 561,465 Vicom, Ltd. 119,500 499,934 Wee Hur Holdings, Ltd. 2,670,400 473,221 Wheelock Properties Singapore, Ltd. 1,949,200 2,688,791 Wing Tai Holdings, Ltd. 3,573,667 5,377,908 # Yeo Hiap Seng, Ltd. 223,731 213,776 YHI International, Ltd. 176,200 49,716 * Yongnam Holdings, Ltd. 2,977,200 516,358 Zhongmin Baihui Retail Group, Ltd. 26,900 20,616 -------------- TOTAL SINGAPORE 210,002,737 -------------- TOTAL COMMON STOCKS 1,764,032,201 -------------- RIGHTS/WARRANTS -- (0.0%) AUSTRALIA -- (0.0%) * Link Administration Holdings, Ltd. Rights 07/17/17 253,844 -- -------------- HONG KONG -- (0.0%) * International Standard Resources Holdings, Ltd. Warrants 05/10/18 3,097,050 6,344 -------------- NEW ZEALAND -- (0.0%) * Orion Health Group, Ltd. Rights 06/29/17 889 227 -------------- SINGAPORE -- (0.0%) * Duty Free International, Ltd. Rights 05/13/22 17,080 290 -------------- TOTAL RIGHTS/WARRANTS 6,861 -------------- TOTAL INVESTMENT SECURITIES 1,764,039,062 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (14.1%) (S)@ DFA Short Term Investment Fund 25,105,919 290,525,694 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,975,724,459)^^ $2,054,564,756 ============== THE ASIA PACIFIC SMALL COMPANY SERIES CONTINUED Summary of the Series' investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ---------- -------------- ------- -------------- Common Stocks Australia -- $ 909,676,287 -- $ 909,676,287 China -- 2,388,510 -- 2,388,510 Hong Kong $ 781,738 498,021,893 -- 498,803,631 New Zealand -- 143,161,036 -- 143,161,036 Singapore 1,146,296 208,856,441 -- 210,002,737 Rights/Warrants Hong Kong -- 6,344 -- 6,344 New Zealand -- 227 -- 227 Singapore -- 290 -- 290 Securities Lending Collateral -- 290,525,694 -- 290,525,694 ---------- -------------- -- -------------- TOTAL $1,928,034 $2,052,636,722 -- $2,054,564,756 ========== ============== == ============== THE UNITED KINGDOM SMALL COMPANY SERIES SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (97.6%) Consumer Discretionary -- (20.2%) 4imprint Group P.L.C. 100,984 $ 2,104,946 888 Holdings P.L.C. 1,003,090 3,408,234 AA P.L.C. 3,246,551 10,461,766 B&M European Value Retail SA 3,475,343 16,516,802 Bellway P.L.C. 686,795 28,920,015 Berkeley Group Holdings P.L.C. 262,704 12,115,488 Bloomsbury Publishing P.L.C. 290,057 687,750 Bovis Homes Group P.L.C. 921,633 12,303,994 Card Factory P.L.C. 1,121,366 4,530,365 * Carpetright P.L.C. 95,402 245,682 # Centaur Media P.L.C. 537,905 383,522 Cineworld Group P.L.C. 1,228,419 11,168,906 Connect Group P.L.C. 1,312,384 1,922,151 Crest Nicholson Holdings P.L.C. 1,675,833 11,898,961 Daily Mail & General Trust P.L.C. 1,314,134 11,052,387 Debenhams P.L.C. 6,862,458 3,893,525 DFS Furniture P.L.C. 440,632 1,233,409 Dignity P.L.C. 279,263 9,390,094 Dixons Carphone P.L.C. 4,077,082 14,480,699 Domino's Pizza Group P.L.C. 2,536,833 8,915,278 Dunelm Group P.L.C. 384,367 3,054,256 * EI Group P.L.C. 3,243,847 6,092,155 Entertainment One, Ltd. 1,165,248 3,663,882 Euromoney Institutional Investor P.L.C. 282,895 4,135,157 * Findel P.L.C. 239,314 571,944 Fuller Smith & Turner P.L.C. Class A 135,207 1,815,153 * Future P.L.C. 52,125 219,195 Games Workshop Group P.L.C. 117,419 2,483,874 Greene King P.L.C. 1,786,209 16,136,073 Greggs P.L.C. 567,823 8,240,633 GVC Holdings P.L.C. 1,377,454 13,970,170 Gym Group P.L.C. (The) 285,428 729,040 Halfords Group P.L.C. 1,245,441 5,479,224 Headlam Group P.L.C. 451,965 3,506,347 Henry Boot P.L.C. 421,082 1,678,535 Hostelworld Group P.L.C. 73,500 285,622 Huntsworth P.L.C. 1,023,671 995,803 Inchcape P.L.C. 2,190,976 23,225,198 ITE Group P.L.C. 1,532,231 3,655,897 J D Wetherspoon P.L.C. 481,928 6,502,862 #* Jackpotjoy P.L.C. 82,760 736,641 JD Sports Fashion P.L.C. 2,325,390 10,991,849 * Jimmy Choo P.L.C. 338,542 1,021,517 John Menzies P.L.C. 476,310 4,406,345 Ladbrokes Coral Group P.L.C. 5,357,119 8,939,572 # Laura Ashley Holdings P.L.C. 1,465,488 198,347 Lookers P.L.C. 1,876,000 2,717,435 Marston's P.L.C. 3,644,221 5,579,386 McCarthy & Stone P.L.C. 1,498,876 3,353,707 Millennium & Copthorne Hotels P.L.C. 1,000,376 6,040,167 Mitchells & Butlers P.L.C. 1,157,232 3,689,115 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Consumer Discretionary -- (Continued) MJ Gleeson P.L.C. 190,880 $ 1,737,476 #* Mothercare P.L.C. 727,317 976,084 N Brown Group P.L.C. 1,045,736 4,306,696 #* Ocado Group P.L.C. 2,584,145 10,265,884 On the Beach Group P.L.C. 68,944 423,506 Pendragon P.L.C. 6,872,682 2,716,782 # Pets at Home Group P.L.C. 1,313,073 2,819,065 Photo-Me International P.L.C. 1,188,523 2,568,712 * Punch Taverns P.L.C. 133,442 312,051 Rank Group P.L.C. 828,509 2,558,677 Redrow P.L.C. 1,386,677 10,836,021 Restaurant Group P.L.C. (The) 1,177,060 5,192,617 * Sportech P.L.C. 396,817 518,383 #* Sports Direct International P.L.C. 1,243,765 6,222,764 SSP Group P.L.C. 1,668,060 11,212,714 STV Group P.L.C. 4,868 24,998 SuperGroup P.L.C. 289,877 5,732,087 Tarsus Group P.L.C. 207,820 822,202 Ted Baker P.L.C. 153,478 5,093,261 Thomas Cook Group P.L.C. 8,687,680 12,586,728 Topps Tiles P.L.C. 925,429 1,011,055 Trinity Mirror P.L.C. 1,714,822 2,365,084 UBM P.L.C. 2,081,478 19,874,821 Vitec Group P.L.C. (The) 163,520 2,174,776 WH Smith P.L.C. 680,498 15,808,849 William Hill P.L.C. 4,381,360 14,481,085 ------------ Total Consumer Discretionary 462,391,453 ------------ Consumer Staples -- (4.8%) A.G. Barr P.L.C. 670,323 5,298,104 # Anglo-Eastern Plantations P.L.C. 104,452 1,164,647 Booker Group P.L.C. 8,370,700 21,257,030 Britvic P.L.C. 1,321,646 12,445,711 Cranswick P.L.C. 286,711 10,977,164 # Dairy Crest Group P.L.C. 841,204 6,584,097 Devro P.L.C. 956,939 2,726,020 Greencore Group P.L.C. 3,643,038 10,752,902 Hilton Food Group P.L.C. 62,832 560,516 McBride P.L.C. 1,064,464 2,654,736 McColl's Retail Group P.L.C. 54,864 168,939 * Premier Foods P.L.C. 4,724,268 2,447,098 PZ Cussons P.L.C. 1,595,733 7,644,288 * REA Holdings P.L.C. 50,639 217,254 Stock Spirits Group P.L.C. 814,686 1,752,412 Tate & Lyle P.L.C. 2,590,475 22,970,157 ------------ Total Consumer Staples 109,621,075 ------------ Energy -- (3.8%) Amec Foster Wheeler P.L.C. 2,037,469 11,951,622 Anglo Pacific Group P.L.C. 798,827 1,234,425 * Cairn Energy P.L.C. 3,678,960 8,734,152 * EnQuest P.L.C. 6,129,232 2,720,833 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- Energy -- (Continued) * Gulf Keystone Petroleum, Ltd. 184,232 $ 228,927 Gulf Marine Services P.L.C. 122,883 100,317 * Hunting P.L.C. 892,983 5,526,646 James Fisher & Sons P.L.C. 270,159 5,592,348 John Wood Group P.L.C. 1,951,303 15,748,103 * Lamprell P.L.C. 1,179,326 1,540,615 * Nostrum Oil & Gas P.L.C. 118,854 634,521 * Ophir Energy P.L.C. 4,544,480 4,374,643 Petrofac, Ltd. 1,280,913 7,568,615 #* Premier Oil P.L.C. 3,029,094 2,423,307 Soco International P.L.C. 1,239,300 1,981,498 Stobart Group, Ltd. 1,086,251 3,946,021 #* Tullow Oil P.L.C. 5,659,078 12,586,640 ----------- Total Energy 86,893,233 ----------- Financials -- (15.3%) Aberdeen Asset Management P.L.C. 3,353,713 14,578,284 * Aldermore Group P.L.C. 995,877 2,850,751 Arrow Global Group P.L.C. 913,527 5,268,630 Ashmore Group P.L.C. 2,003,377 9,510,688 Beazley P.L.C. 2,809,403 18,986,207 BGEO Group P.L.C. 235,264 10,706,902 Brewin Dolphin Holdings P.L.C. 1,601,324 7,589,533 Charles Stanley Group P.L.C. 122,025 623,738 Charles Taylor P.L.C. 192,071 606,870 Chesnara P.L.C. 678,516 3,416,196 Close Brothers Group P.L.C. 810,926 16,488,517 CMC Markets P.L.C. 262,504 548,969 * CYBG P.L.C. 2,144,115 7,552,662 esure Group P.L.C. 1,611,045 6,293,179 Hansard Global P.L.C. 16,468 18,810 Hastings Group Holdings P.L.C. 667,226 2,700,042 Hiscox, Ltd. 1,520,623 26,052,113 IG Group Holdings P.L.C. 1,873,393 15,735,775 Intermediate Capital Group P.L.C. 1,550,728 18,542,072 International Personal Finance P.L.C. 1,132,765 2,835,248 #* IP Group P.L.C.(B128J45) 1,822,358 3,422,180 IP Group P.L.C.(BZ3T570) 140,181 4,624 #* Janus Henderson Group P.L.C. 562,840 18,589,480 Jardine Lloyd Thompson Group P.L.C. 678,485 10,622,567 Jupiter Fund Management P.L.C. 2,227,194 15,670,149 Just Group P.L.C. 1,936,778 3,756,604 Lancashire Holdings, Ltd. 1,189,780 11,415,568 Man Group P.L.C. 9,049,878 19,105,461 NEX Group P.L.C. 1,655,470 14,557,790 Novae Group P.L.C. 324,392 3,021,076 # OneSavings Bank P.L.C. 780,990 4,063,399 Paragon Group of Cos. P.L.C. (The) 1,614,979 9,222,007 Phoenix Group Holdings 1,922,340 19,359,811 Rathbone Brothers P.L.C. 243,591 8,586,291 River & Mercantile Group P.L.C. 2,983 14,068 S&U P.L.C. 20,417 509,381 Saga P.L.C. 5,722,316 15,759,215 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ------------ Financials -- (Continued) TP ICAP P.L.C. 2,756,604 $ 17,688,518 Virgin Money Holdings UK P.L.C. 1,311,730 4,935,497 * Waterloo Investment Holdings, Ltd. 5,979 552 ------------ Total Financials 351,209,424 ------------ Health Care -- (3.5%) * BTG P.L.C. 1,870,654 16,262,110 * Cambian Group P.L.C. 559,761 1,442,885 #* Circassia Pharmaceuticals P.L.C. 469,883 549,235 Consort Medical P.L.C. 261,469 3,674,374 Dechra Pharmaceuticals P.L.C. 355,424 8,316,036 Genus P.L.C. 328,322 7,469,923 Indivior P.L.C. 3,801,468 19,243,873 Spire Healthcare Group P.L.C. 1,125,712 5,120,567 UDG Healthcare P.L.C. 1,250,220 13,958,240 * Vectura Group P.L.C. 3,488,250 5,246,965 ------------ Total Health Care 81,284,208 ------------ Industrials -- (27.1%) Aggreko P.L.C. 1,332,278 14,893,733 Air Partner P.L.C. 244,880 403,229 Alumasc Group P.L.C. (The) 114,348 254,215 Avon Rubber P.L.C. 124,062 1,638,363 Balfour Beatty P.L.C. 3,549,781 12,356,593 BBA Aviation P.L.C. 6,088,389 24,079,132 Berendsen P.L.C. 823,219 13,847,763 Bodycote P.L.C. 1,132,110 13,590,826 Braemar Shipping Services P.L.C. 125,047 486,977 Cape P.L.C. 734,268 2,531,934 Capita P.L.C. 1,082,994 9,410,039 # Carillion P.L.C. 2,653,376 1,986,874 Carr's Group P.L.C. 343,111 645,351 Castings P.L.C. 157,187 959,621 Chemring Group P.L.C. 1,670,720 3,947,303 # Clarkson P.L.C. 133,614 4,716,037 Clipper Logistics P.L.C. 32,704 186,718 Cobham P.L.C. 12,264,036 21,482,614 Communisis P.L.C. 1,064,129 668,381 Costain Group P.L.C. 568,892 3,517,135 De La Rue P.L.C. 665,149 5,855,304 #* Dialight P.L.C. 102,467 1,222,743 Diploma P.L.C. 621,363 8,842,227 Fenner P.L.C. 1,162,357 5,281,556 * Firstgroup P.L.C. 7,301,256 11,134,358 * Flybe Group P.L.C. 616,871 305,019 G4S P.L.C. 1,569,339 6,812,037 Galliford Try P.L.C. 481,131 8,603,420 Go-Ahead Group P.L.C. 226,040 5,356,576 Goodwin P.L.C. 383 8,070 Grafton Group P.L.C. 1,236,009 12,518,189 Harvey Nash Group P.L.C. 46,693 59,730 Hays P.L.C. 8,050,545 17,704,135 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ----------- Industrials -- (Continued) Hogg Robinson Group P.L.C. 160,384 $ 155,394 HomeServe P.L.C. 1,369,369 13,089,387 Howden Joinery Group P.L.C. 3,643,359 20,435,080 IMI P.L.C. 1,390,031 22,074,208 Interserve P.L.C. 841,666 2,504,602 IWG P.L.C. 3,349,423 14,512,120 John Laing Group P.L.C. 1,199,961 4,952,649 Keller Group P.L.C. 435,851 5,068,394 Kier Group P.L.C. 558,502 9,491,901 Management Consulting Group P.L.C. 788,035 79,713 Mears Group P.L.C. 559,010 3,645,336 Meggitt P.L.C. 4,273,091 28,361,621 Melrose Industries P.L.C. 10,365,710 31,781,461 # Mitie Group P.L.C. 2,122,246 7,459,233 Morgan Advanced Materials P.L.C. 1,560,697 6,162,435 Morgan Sindall Group P.L.C. 211,941 3,830,215 National Express Group P.L.C. 2,255,573 10,841,729 Norcros P.L.C. 27,976 66,180 Northgate P.L.C. 838,501 4,782,673 Pagegroup P.L.C. 1,596,218 10,317,981 PayPoint P.L.C. 260,966 3,083,988 Polypipe Group P.L.C. 986,300 5,229,654 Porvair P.L.C. 14,115 94,777 QinetiQ Group P.L.C. 3,269,092 10,397,940 Renewi P.L.C. 3,667,879 4,449,200 * Renold P.L.C. 193,435 136,459 Rentokil Initial P.L.C. 7,118,538 27,281,887 Ricardo P.L.C. 271,798 2,768,567 Robert Walters P.L.C. 381,498 2,385,243 Rotork P.L.C. 4,239,914 12,951,491 RPS Group P.L.C. 1,340,662 4,822,722 Senior P.L.C. 2,470,762 8,105,545 * Serco Group P.L.C. 3,356,146 4,913,615 Severfield P.L.C. 1,262,597 1,235,100 SIG P.L.C. 3,688,259 8,056,183 Speedy Hire P.L.C. 2,872,634 2,065,289 Spirax-Sarco Engineering P.L.C. 375,981 27,594,557 St. Ives P.L.C. 654,912 475,149 Stagecoach Group P.L.C. 2,117,596 5,036,868 Sthree P.L.C. 452,105 1,897,127 T Clarke P.L.C. 147,457 168,583 Travis Perkins P.L.C. 568,482 11,385,761 Trifast P.L.C. 459,256 1,342,731 Tyman P.L.C. 467,157 2,176,781 Ultra Electronics Holdings P.L.C. 403,850 11,161,808 Vesuvius P.L.C. 1,450,820 10,398,521 * Volex P.L.C. 307,047 247,164 Volution Group P.L.C. 112,928 283,134 Vp P.L.C. 160,962 1,798,374 Weir Group P.L.C. (The) 956,997 23,163,663 Wilmington P.L.C. 334,384 1,049,513 Wincanton P.L.C. 664,378 2,254,386 * Wizz Air Holdings P.L.C. 141,798 4,866,890 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ Industrials -- (Continued) XP Power, Ltd. 76,799 $ 2,669,932 ------------ Total Industrials 620,867,116 ------------ Information Technology -- (10.0%) Acal P.L.C. 345,625 1,430,983 Auto Trader Group P.L.C. 1,605,934 8,110,706 AVEVA Group P.L.C. 406,763 10,648,946 Computacenter P.L.C. 436,817 5,097,630 Electrocomponents P.L.C. 2,762,938 22,613,298 Equiniti Group P.L.C. 654,700 2,270,372 FDM Group Holdings P.L.C. 82,095 995,108 Fidessa Group P.L.C. 216,279 6,454,065 * Gocompare.Com Group P.L.C. 1,697,878 2,533,535 Halma P.L.C. 1,951,180 28,281,514 * Imagination Technologies Group P.L.C. 594,017 1,130,661 Kainos Group P.L.C. 80,354 307,316 Laird P.L.C. 2,918,543 5,758,774 Moneysupermarket.com Group P.L.C. 2,724,454 11,928,530 # NCC Group P.L.C. 766,315 1,958,734 Oxford Instruments P.L.C. 302,574 4,173,444 * Paysafe Group P.L.C. 2,424,051 18,866,951 Playtech P.L.C. 1,228,547 15,568,760 Renishaw P.L.C. 180,256 9,907,974 Rightmove P.L.C. 477,301 26,477,615 RM P.L.C. 318,504 727,018 SDL P.L.C. 395,868 3,359,328 Softcat P.L.C. 460,548 2,423,577 Spectris P.L.C. 685,032 22,234,389 Spirent Communications P.L.C. 3,173,024 4,954,702 TT Electronics P.L.C. 864,377 2,424,999 Xaar P.L.C. 373,728 2,083,935 ZPG P.L.C. 1,407,097 6,778,613 ------------ Total Information Technology 229,501,477 ------------ Materials -- (7.4%) Acacia Mining P.L.C. 900,534 2,071,617 * Carclo P.L.C. 213,640 473,973 Centamin P.L.C. 6,065,603 13,304,120 DS Smith P.L.C. 4,938,232 31,457,206 Elementis P.L.C. 2,652,783 10,369,255 # Essentra P.L.C. 1,468,954 10,366,256 * Evraz P.L.C. 1,660,604 5,218,896 Ferrexpo P.L.C. 1,615,132 5,073,428 * Gem Diamonds, Ltd. 654,276 710,392 Hill & Smith Holdings P.L.C. 430,840 7,614,875 Hochschild Mining P.L.C. 1,509,803 6,308,312 Ibstock P.L.C. 1,099,016 3,699,456 * KAZ Minerals P.L.C. 1,307,816 12,387,196 #* Lonmin P.L.C. 1,647,895 1,799,082 Low & Bonar P.L.C. 1,194,233 1,355,196 Marshalls P.L.C. 1,111,593 5,626,648 * Petra Diamonds, Ltd. 3,145,803 3,965,355 THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- -------------- Materials -- (Continued) #* Petropavlovsk P.L.C. 13,841,290 $ 1,337,743 RPC Group P.L.C. 2,047,901 24,213,979 Synthomer P.L.C. 1,372,318 8,869,005 Vedanta Resources P.L.C. 113,832 1,156,155 Victrex P.L.C. 446,927 11,631,469 Zotefoams P.L.C. 93,537 396,775 -------------- Total Materials 169,406,389 -------------- Real Estate -- (2.4%) Capital & Counties Properties P.L.C. 3,987,350 15,157,296 CLS Holdings P.L.C. 349,925 982,792 Countrywide P.L.C. 661,452 1,344,029 Daejan Holdings P.L.C. 41,098 3,535,155 Foxtons Group P.L.C. 1,025,578 1,214,969 Grainger P.L.C. 2,889,443 10,025,702 Harworth Group P.L.C. 30,680 38,044 Helical P.L.C. 641,824 2,928,261 LSL Property Services P.L.C. 333,276 1,117,089 * Raven Russia, Ltd. 1,039,140 665,513 Savills P.L.C. 798,395 9,628,014 St. Modwen Properties P.L.C. 1,185,179 5,603,265 U & I Group P.L.C. 722,241 1,792,308 -------------- Total Real Estate 54,032,437 -------------- Telecommunication Services -- (1.5%) Inmarsat P.L.C. 2,301,865 23,557,702 KCOM Group P.L.C. 3,197,302 3,871,063 # TalkTalk Telecom Group P.L.C. 2,586,447 6,134,533 -------------- Total Telecommunication Services 33,563,298 -------------- Utilities -- (1.6%) Drax Group P.L.C. 2,289,914 9,621,687 Pennon Group P.L.C. 2,156,201 22,918,307 Telecom Plus P.L.C. 326,650 4,936,163 -------------- Total Utilities 37,476,157 -------------- TOTAL COMMON STOCKS 2,236,246,267 -------------- TOTAL INVESTMENT SECURITIES 2,236,246,267 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (2.4%) (S)@ DFA Short Term Investment Fund 4,816,888 55,741,028 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $1,922,571,509)^^ $2,291,987,295 ============== THE UNITED KINGDOM SMALL COMPANY SERIES CONTINUED Summary of the Series' investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) --------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------- -------------- ------- -------------- Common Stocks Consumer Discretionary -- $ 462,391,453 -- $ 462,391,453 Consumer Staples -- 109,621,075 -- 109,621,075 Energy -- 86,893,233 -- 86,893,233 Financials -- 351,209,424 -- 351,209,424 Health Care -- 81,284,208 -- 81,284,208 Industrials -- 620,867,116 -- 620,867,116 Information Technology -- 229,501,477 -- 229,501,477 Materials -- 169,406,389 -- 169,406,389 Real Estate -- 54,032,437 -- 54,032,437 Telecommunication Services -- 33,563,298 -- 33,563,298 Utilities -- 37,476,157 -- 37,476,157 Securities Lending Collateral -- 55,741,028 -- 55,741,028 -- -------------- -- -------------- TOTAL -- $2,291,987,295 -- $2,291,987,295 == ============== == ============== THE CONTINENTAL SMALL COMPANY SERIES SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ------------ COMMON STOCKS -- (90.7%) AUSTRIA -- (3.2%) Agrana Beteiligungs AG 18,464 $ 2,502,425 ANDRITZ AG 344,641 21,100,195 Atrium European Real Estate, Ltd. 786,864 3,677,927 # Austria Technologie & Systemtechnik AG 154,803 2,054,865 BUWOG AG 466,697 13,714,419 CA Immobilien Anlagen AG 425,659 10,985,302 # DO & CO AG 33,913 2,482,186 EVN AG 204,617 3,132,766 * FACC AG 89,513 1,082,722 Flughafen Wien AG 14,487 569,760 # IMMOFINANZ AG 3,932,033 9,563,466 Josef Manner & Co. AG 870 58,829 Kapsch TrafficCom AG 33,944 1,916,795 Lenzing AG 60,181 10,766,945 Mayr Melnhof Karton AG 49,633 6,541,956 Oberbank AG 45,050 4,123,977 Oesterreichische Post AG 203,557 9,359,039 Palfinger AG 86,337 4,035,046 POLYTEC Holding AG 101,937 1,883,379 # Porr Ag 50,044 1,783,869 * Raiffeisen Bank International AG 518,738 15,287,045 RHI AG 147,894 5,580,421 # Rosenbauer International AG 18,912 1,144,508 S IMMO AG 330,386 4,944,267 #* Schoeller-Bleckmann Oilfield Equipment AG 63,374 4,799,671 Semperit AG Holding 68,546 2,094,023 Strabag SE 105,005 4,660,923 Telekom Austria AG 624,787 5,648,597 UBM Development AG 4,650 213,819 UNIQA Insurance Group AG 761,218 7,880,364 Verbund AG 308,524 6,102,921 # Vienna Insurance Group AG Wiener Versicherung Gruppe 189,476 5,703,796 Wienerberger AG 617,965 14,205,847 # Wolford AG 11,252 232,685 Zumtobel Group AG 163,135 3,230,319 ------------ TOTAL AUSTRIA 193,065,074 ------------ BELGIUM -- (3.9%) #* Ablynx NV 327,147 4,952,686 Ackermans & van Haaren NV 134,383 24,295,091 * AGFA-Gevaert NV 1,117,046 5,208,276 Atenor 7,598 433,592 Banque Nationale de Belgique 204 703,560 Barco NV 68,081 6,818,799 Bekaert SA 203,089 9,822,943 * Biocartis NV 19,240 234,707 bpost SA 463,054 12,676,650 #* Celyad SA 37,417 1,244,476 Cie d'Entreprises CFE 49,147 7,245,644 Cie Immobiliere de Belgique SA 14,788 920,900 Co.Br.Ha Societe Commerciale de Brasserie SA 111 453,599 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ------- ------------ BELGIUM -- (Continued) D'ieteren SA 138,545 $ 6,562,923 * Dalenys 20,562 208,049 Deceuninck NV 381,524 1,558,757 * Econocom Group SA 686,666 5,247,712 Elia System Operator SA 169,789 9,956,908 # Euronav NV 746,423 5,955,011 EVS Broadcast Equipment SA 75,122 3,048,175 # Exmar NV 174,456 1,024,174 #* Fagron 246,603 3,367,405 * Galapagos NV(B07MXC1) 23,052 1,836,547 * Galapagos NV(B07Q2V5) 220,186 17,492,909 Gimv NV 38,445 2,432,530 # Ion Beam Applications 115,719 4,104,056 Jensen-Group NV 14,156 686,068 # Kinepolis Group NV 94,699 5,441,281 # Lotus Bakeries 1,454 4,061,865 #* MDxHealth 189,412 1,112,305 Melexis NV 113,838 9,792,985 #* Nyrstar NV 745,541 4,841,346 Ontex Group NV 431,483 14,797,192 Orange Belgium SA 169,887 4,190,231 Picanol 28,800 3,610,711 RealDolmen 8,137 254,025 RealDolmen NV 120 3 Recticel SA 247,048 1,947,485 # Resilux 5,092 904,335 Roularta Media Group NV 10,263 265,633 Sapec 1,288 91,340 Sioen Industries NV 50,430 1,751,062 Sipef SA 31,362 2,307,882 * Telenet Group Holding NV 35,452 2,475,059 TER Beke SA 2,374 498,988 * Tessenderlo Group SA 213,754 9,384,176 #* ThromboGenics NV 159,152 596,199 * TiGenix NV 390,968 416,343 Umicore SA 351,800 28,243,250 # Van de Velde NV 35,498 1,911,674 * Viohalco SA 583,796 1,910,077 ------------ TOTAL BELGIUM 239,297,594 ------------ DENMARK -- (4.8%) # ALK-Abello A.S. 34,499 5,437,529 Alm Brand A.S. 527,605 5,289,121 # Ambu A.S. Class B 129,396 8,425,580 Arkil Holding A.S. Class B 504 83,148 * Bang & Olufsen A.S. 238,410 4,171,512 BankNordik P/F 1,753 35,434 #* Bavarian Nordic A.S. 204,295 13,373,303 Brodrene Hartmann A.S. 16,148 989,167 # Columbus A.S. 282,092 610,003 #* D/S Norden A.S. 182,838 3,627,170 DFDS A.S. 175,917 10,033,379 Djurslands Bank A.S. 8,970 366,215 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ DENMARK -- (Continued) FLSmidth & Co. A.S. 260,041 $ 15,915,646 Fluegger A.S. Class B 4,198 250,697 # GN Store Nord A.S. 855,243 26,013,197 Gronlandsbanken A.S. 1,125 112,063 * H+H International A.S. Class B 54,662 934,633 Harboes Bryggeri A.S. Class B 16,516 312,784 IC Group A.S. 40,541 926,673 * Jeudan A.S. 5,970 667,336 Jyske Bank A.S. 442,147 27,712,155 Lan & Spar Bank 4,981 398,919 Matas A.S. 200,030 3,086,960 * NKT A.S. 177,351 15,579,316 # NNIT A.S. 27,600 882,855 Nordjyske Bank A.S. 40,624 776,333 Parken Sport & Entertainment A.S. 33,556 463,007 Per Aarsleff Holding A.S. 120,639 3,009,140 Ringkjoebing Landbobank A.S. 124,040 6,530,451 Roblon A.S. Class B 2,700 143,206 Rockwool International A.S. Class A 116 25,002 Rockwool International A.S. Class B 45,423 10,337,260 Royal Unibrew A.S. 227,860 11,353,523 RTX A.S. 42,670 1,100,970 * Santa Fe Group A.S. 127,806 1,158,143 Schouw & Co. AB 79,335 8,711,635 SimCorp A.S. 238,443 14,909,371 Solar A.S. Class B 32,838 1,955,613 Spar Nord Bank A.S. 483,762 6,501,649 Sydbank A.S. 488,792 20,361,164 TDC A.S. 4,743,975 29,272,949 # Tivoli A.S. 9,370 903,926 * TK Development A.S. 608,784 1,036,177 * Topdanmark A.S. 491,266 16,785,936 United International Enterprises 10,218 2,153,313 #* Vestjysk Bank A.S. 68,903 134,638 * William Demant Holding A.S. 195,282 5,188,440 #* Zealand Pharma A.S. 114,486 2,278,535 ------------ TOTAL DENMARK 290,325,176 ------------ FINLAND -- (5.9%) # Afarak Group Oyj 261,495 244,900 Ahlstrom-Munksjo Oyj 99,431 2,051,009 Aktia Bank Oyj 133,358 1,452,171 Alandsbanken Abp Class B 21,354 363,726 Alma Media Oyj 42,130 323,100 Amer Sports Oyj 641,324 17,226,679 Apetit Oyj 18,766 308,891 Aspo Oyj 92,762 990,255 Atria Oyj 58,225 778,779 * BasWare Oyj 43,305 2,061,403 # Bittium Oyj 160,617 1,415,243 Cargotec Oyj Class B 235,592 14,383,500 #* Caverion Corp. 539,066 4,509,886 Citycon Oyj 2,246,894 6,114,643 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ FINLAND -- (Continued) Cramo Oyj 193,511 $ 5,551,414 Digia Oyj 62,886 207,655 Elisa Oyj 734,075 30,219,572 F-Secure Oyj 536,379 2,436,897 Finnair Oyj 469,550 5,080,266 Fiskars Oyj Abp 194,018 4,873,955 * Glaston Oyj Abp 46,084 22,910 HKScan Oyj Class A 178,153 636,655 Huhtamaki Oyj 533,384 20,669,038 Ilkka-Yhtyma Oyj 61,503 234,833 Kemira Oyj 700,602 8,830,878 Kesko Oyj Class A 32,603 1,653,922 Kesko Oyj Class B 345,206 17,455,018 Konecranes Oyj 330,051 14,725,548 Lassila & Tikanoja Oyj 183,660 4,185,550 Lemminkainen Oyj 30,098 902,214 # Metsa Board Oyj 1,336,761 9,455,764 # Metso Oyj 615,247 19,573,311 Nokian Renkaat Oyj 659,051 26,872,339 Olvi Oyj Class A 68,749 2,417,503 Oriola Oyj Class A 6,054 27,005 Oriola Oyj Class B 628,439 2,695,490 Orion Oyj Class A 123,872 6,282,033 Orion Oyj Class B 343,180 17,344,572 Outokumpu Oyj 3,022,031 25,394,559 #* Outotec Oyj 1,238,541 8,078,631 Pihlajalinna Oyj 30,169 608,266 Ponsse Oy 51,890 1,505,509 * Poyry Oyj 188,253 1,077,423 * QT Group Oyj 55,899 450,078 Raisio Oyj Class V 606,289 2,539,245 Ramirent Oyj 524,612 5,229,320 Rapala VMC Oyj 109,543 514,952 Revenio Group Oyj 30,157 1,319,755 Sanoma Oyj 754,064 7,004,249 # SRV Group OYJ 23,502 125,429 * Stockmann Oyj Abp Class A 42,474 367,911 * Stockmann Oyj Abp Class B 170,645 1,477,436 Technopolis Oyj 909,325 3,939,937 Teleste Oyj 46,406 442,013 Tieto Oyj 295,694 9,380,609 Tikkurila Oyj 229,218 4,888,688 # Uponor Oyj 298,122 4,813,657 Vaisala Oyj Class A 49,697 2,390,092 Valmet Oyj 672,903 12,266,002 Viking Line Abp 10,366 247,818 # YIT Oyj 809,736 6,876,354 ------------ TOTAL FINLAND 355,516,460 ------------ FRANCE -- (12.9%) ABC Arbitrage 150,388 1,090,127 # Actia Group 48,398 507,877 * Air France-KLM 993,402 13,450,642 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- FRANCE -- (Continued) Akka Technologies 51,478 $ 2,811,762 Albioma SA 118,364 2,781,249 Altamir 127,225 2,531,793 Alten SA 142,403 12,294,081 Altran Technologies SA 771,932 13,573,191 * Antalis International SAS 57,827 131,436 April SA 74,473 1,146,026 #* Archos 138,714 111,592 Arkema SA 160,344 18,252,820 Assystem 62,634 2,402,487 Aubay 29,713 1,079,911 Axway Software SA 35,286 1,013,431 Bastide le Confort Medical 10,585 494,795 Beneteau SA 199,333 3,422,087 * Bigben Interactive 20,885 239,600 BioMerieux 47,470 10,460,176 Boiron SA 38,334 3,591,052 Bonduelle SCA 74,889 2,877,584 # Bourbon Corp. 97,879 912,285 Burelle SA 1,787 2,529,031 Casino Guichard Perrachon SA 3,794 231,401 Catering International Services 14,124 326,040 #* Cegedim SA 23,645 902,411 #* CGG SA 97,011 428,421 Chargeurs SA 101,172 2,934,029 Cie des Alpes 45,531 1,487,545 Cie Plastic Omnium SA 318,364 12,251,374 #* Coface SA 301,901 2,854,695 Derichebourg SA 584,687 5,122,379 Devoteam SA 28,114 2,551,320 Dom Security 2,414 174,460 # Edenred 1,242,917 32,673,593 # Electricite de Strasbourg SA 21,168 2,996,376 Elior Group 571,112 15,159,014 # Elis SA 425,085 10,277,980 * Eramet 28,909 1,824,944 * Esso SA Francaise 15,303 1,028,870 Euler Hermes Group 60,929 7,284,031 Eurofins Scientific SE 6,763 3,767,323 Euronext NV 290,273 16,963,428 Europcar Groupe SA 246,147 3,583,931 Eutelsat Communications SA 387,546 10,488,627 Exel Industries Class A 10,330 1,234,708 # Faurecia 306,467 17,017,526 # Fleury Michon SA 5,962 357,832 * Fnac Darty SA 64,278 6,091,817 * Gaumont SA 13,521 1,411,695 Gaztransport Et Technigaz SA 106,887 5,094,585 GEA 2,433 260,105 Gevelot SA 3,466 754,693 GL Events 48,589 1,441,675 Groupe Crit 23,258 2,228,493 Groupe Eurotunnel SE 1,128,264 12,510,858 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- FRANCE -- (Continued) * Groupe Gorge 22,858 $ 568,262 Groupe Open 28,097 838,337 # Guerbet 32,666 2,939,781 # Haulotte Group SA 74,466 1,310,896 Havas SA 804,691 8,813,446 HERIGE SADCS 4,147 189,522 #* HiPay Group SA 24,579 472,355 * ID Logistics Group 8,014 1,294,532 Imerys SA 145,098 12,577,733 # Ingenico Group SA 298,834 31,346,275 Interparfums SA 57,598 2,288,823 Ipsen SA 162,032 20,739,232 IPSOS 179,248 6,190,338 Jacquet Metal Service 70,664 1,974,823 Kaufman & Broad SA 55,607 2,409,542 Korian SA 215,892 7,138,247 Lagardere SCA 663,377 21,795,661 Lanson-BCC 8,795 349,680 Laurent-Perrier 12,372 1,120,479 Le Belier 3,587 193,448 Le Noble Age 28,451 1,684,288 Lectra 124,651 3,585,001 Linedata Services 8,608 501,442 LISI 96,951 4,674,020 Maisons France Confort SA 15,743 1,154,792 Manitou BF SA 49,563 1,738,116 Manutan International 14,076 1,447,431 Mersen SA 117,956 4,358,236 #* METabolic EXplorer SA 151,621 419,913 Metropole Television SA 293,607 7,103,892 MGI Coutier 56,015 2,253,057 Mr Bricolage 30,731 578,806 #* Naturex 32,911 3,340,430 # Neopost SA 189,677 8,697,673 Nexans SA 188,998 10,826,627 Nexity SA 195,055 10,461,956 #* Nicox 107,549 1,566,966 #* NRJ Group 71,278 943,426 # Oeneo SA 117,684 1,311,908 #* Onxeo SA(B04P0G6) 202,356 968,063 #* Onxeo SA(BPFJVR0) 48,958 230,136 Orpea 182,255 20,899,744 #* Parrot SA 81,565 968,535 PCAS 10,780 230,460 #* Pierre & Vacances SA 28,358 1,585,014 Plastivaloire 33,509 861,816 PSB Industries SA 8,161 515,218 Rallye SA 139,003 2,954,118 Rexel SA 1,596,995 25,289,141 # Robertet SA 3,324 1,593,675 Rothschild & Co. 27,814 1,034,460 Rubis SCA 451,712 28,752,397 Samse SA 8,068 1,415,468 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ FRANCE -- (Continued) Sartorius Stedim Biotech 101,854 $ 7,257,333 Savencia SA 33,142 3,296,253 SEB SA 85,531 15,216,332 Seche Environnement SA 11,799 460,914 #* Sequana SA 289,137 321,170 #* SES-imagotag SA 8,385 286,436 Societe BIC SA 719 84,336 * Societe des Bains de Mer et du Cercle des Etrangers a Monaco 60,258 2,351,344 #* Societe Internationale de Plantations d'Heveas SA 7,700 768,943 Societe Marseillaise du Tunnel Prado-Carenage SA 3,434 75,833 # Societe pour l'Informatique Industrielle 39,566 1,052,762 * SOITEC 63,993 4,063,424 * Solocal Group 3,289,445 3,310,956 Somfy SA 104,795 9,930,555 Sopra Steria Group 75,717 13,094,121 SPIE SA 400,503 11,257,109 * Stallergenes Greer P.L.C. 12,201 518,567 #* Ste Industrielle d'Aviation Latecoere SA 310,883 1,600,130 Stef SA 28,166 3,130,588 STMicroelectronics NV 371,145 6,288,006 Sword Group 35,526 1,459,047 Synergie SA 69,989 3,316,291 Tarkett SA 121,413 5,026,717 Technicolor SA 1,482,868 5,390,831 Teleperformance 327,253 45,597,015 # Television Francaise 1 626,436 9,165,808 Tessi SA 6,807 1,247,264 # TFF Group 5,065 912,868 # Thermador Groupe 14,605 1,608,064 Total Gabon 1,515 239,051 #* Touax SA 5,568 82,253 Trigano SA 46,958 6,175,088 * Ubisoft Entertainment SA 521,852 33,020,447 Union Financiere de France BQE SA 16,855 576,119 #* Vallourec SA 1,629,822 9,641,375 #* Valneva SE 277,705 966,641 Vetoquinol SA 16,625 1,033,205 Vicat SA 88,509 6,466,014 VIEL & Cie SA 161,700 1,116,512 Vilmorin & Cie SA 27,056 2,385,714 #* Virbac SA 22,063 3,937,900 Vranken-Pommery Monopole SA 18,262 525,952 * Worldline SA 47,831 1,943,916 ------------ TOTAL FRANCE 786,118,055 ------------ GERMANY -- (14.7%) Aareal Bank AG 409,233 17,068,497 * Adler Modemaerkte AG 41,855 290,181 #* ADLER Real Estate AG 138,479 2,170,458 ADO Properties SA 43,595 1,967,907 #* ADVA Optical Networking SE 227,659 1,733,851 #* AIXTRON SE 634,440 5,645,750 All for One Steeb AG 569 43,705 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) Allgeier SE 26,260 $ 703,494 Amadeus Fire AG 30,763 2,841,494 * AS Creation Tapeten 7,109 207,677 Atoss Software AG 193 17,500 Aurubis AG 186,145 16,571,172 # Axel Springer SE 194,300 12,337,839 Basler AG 5,205 983,185 Bauer AG 47,219 1,309,400 BayWa AG(5838057) 78,978 2,922,608 BayWa AG(5838068) 124 4,867 Bechtle AG 160,666 11,564,903 # Bertrandt AG 27,357 2,605,354 Bijou Brigitte AG 19,396 1,342,917 # Bilfinger SE 178,040 7,274,853 #* Biotest AG 60,306 1,963,232 Borussia Dortmund GmbH & Co. KGaA 473,904 3,351,468 # CANCOM SE 91,757 6,034,381 Carl Zeiss Meditec AG 179,901 9,632,523 CENIT AG 50,111 1,393,318 CENTROTEC Sustainable AG 44,227 978,813 Cewe Stiftung & Co. KGAA 31,218 2,762,464 Comdirect Bank AG 182,514 2,301,963 CompuGroup Medical SE 119,816 7,137,837 * Constantin Medien AG 340,089 748,148 CropEnergies AG 116,924 1,257,380 CTS Eventim AG & Co. KGaA 219,481 10,173,031 Data Modul AG 11,455 1,185,984 # Delticom AG 28,981 530,964 Deutsche Beteiligungs AG 60,768 2,862,860 # Deutsche EuroShop AG 220,384 9,177,848 Deutsche Pfandbriefbank AG 200,653 2,643,804 Deutz AG 599,311 4,449,168 * Dialog Semiconductor P.L.C. 382,079 16,649,894 DIC Asset AG 265,874 2,867,233 # Diebold Nixdorf AG 3,583 304,985 DMG Mori AG 52,862 3,121,860 Dr Hoenle AG 25,078 1,058,786 Draegerwerk AG & Co. KGaA 15,148 1,232,462 Drillisch AG 227,365 15,209,430 Duerr AG 133,802 16,302,011 Eckert & Ziegler AG 18,549 785,273 EDAG Engineering Group AG 2,864 45,464 Elmos Semiconductor AG 53,988 1,316,111 # ElringKlinger AG 167,277 2,918,009 * Euromicron AG 32,612 330,310 * Evotec AG 1,103,203 15,896,963 Ferratum Oyj 8,069 219,704 # Fielmann AG 114,167 9,169,239 * First Sensor AG 22,812 374,540 Francotyp-Postalia Holding AG Class A 53,729 355,421 Fraport AG Frankfurt Airport Services Worldwide 120,103 12,026,998 Freenet AG 652,809 22,035,466 Fuchs Petrolub SE 147,943 7,782,169 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- GERMANY -- (Continued) Gerresheimer AG 198,146 $16,352,611 # Gerry Weber International AG 98,127 1,252,015 Gesco AG 45,478 1,441,636 # GFT Technologies SE 90,843 1,688,654 Grammer AG 79,765 4,531,969 # GRENKE AG 109,860 9,489,892 * H&R GmbH & Co. KGaA 41,501 564,733 Hamburger Hafen und Logistik AG 113,533 3,175,255 #* Heidelberger Druckmaschinen AG 1,506,720 5,130,404 Hella KGaA Hueck & Co. 165,648 8,759,046 * Highlight Communications AG 94,846 566,229 #* HolidayCheck Group AG 137,096 487,360 Hornbach Baumarkt AG 23,795 884,544 # Hugo Boss AG 322,458 24,322,453 Indus Holding AG 129,827 9,716,986 Isra Vision AG 18,038 3,303,228 Jenoptik AG 262,122 7,221,989 # K+S AG 1,020,067 26,524,969 * Kampa AG 7,101 193 KION Group AG 151,158 13,116,474 Kloeckner & Co. SE 555,392 6,140,597 Koenig & Bauer AG 69,890 5,475,067 * Kontron AG 437,004 1,799,684 # Krones AG 75,365 9,376,815 KSB AG 3,466 1,960,629 KWS Saat SE 15,970 6,487,377 Lanxess AG 480,600 37,060,934 LEG Immobilien AG 331,263 31,852,726 Leifheit AG 36,580 1,448,695 Leoni AG 184,167 10,893,197 #* LPKF Laser & Electronics AG 67,178 731,550 #* Manz AG 21,725 862,018 MasterFlex SE 19,347 184,978 * Mediclin AG 88,966 596,465 #* Medigene AG 56,083 682,356 MLP AG 325,556 2,384,697 MTU Aero Engines AG 241,140 35,339,978 Nemetschek SE 107,874 8,371,014 # Nexus AG 51,805 1,593,973 #* Nordex SE 307,691 4,201,274 Norma Group SE 202,672 12,290,737 OHB SE 34,003 1,218,560 OSRAM Licht AG 332,298 27,691,819 # paragon AG 8,545 620,621 * Patrizia Immobilien AG 289,524 5,230,033 * Petro Welt Technologies AG 6,474 50,170 # Pfeiffer Vacuum Technology AG 52,225 8,856,382 PNE Wind AG 367,537 1,151,311 Progress-Werk Oberkirch AG 7,571 385,373 PSI Software AG 27,232 505,163 Puma SE 10,528 4,220,624 * PVA TePla AG 46,019 163,154 QIAGEN NV 717,083 23,785,137 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ GERMANY -- (Continued) # QSC AG 498,723 $ 1,096,275 R Stahl AG 14,952 566,326 # Rational AG 14,449 9,073,076 Rheinmetall AG 226,133 22,565,803 RHOEN-KLINIKUM AG 235,088 7,398,020 # RIB Software SE 197,541 3,529,038 # S&T AG 181,514 3,172,992 SAF-Holland SA 308,923 5,458,442 Salzgitter AG 212,972 9,554,919 #* Schaltbau Holding AG 27,311 1,197,003 Schloss Wachenheim AG 7,479 161,834 Secunet Security Networks AG 2,531 299,695 #* SGL Carbon SE 91,937 1,159,626 SHW AG 25,624 1,079,181 * Siltronic AG 59,640 6,485,361 # Sixt Leasing SE 22,232 526,673 # Sixt SE 80,910 5,719,332 # SMA Solar Technology AG 61,977 2,247,653 * SMT Scharf AG 18,103 253,889 # Softing AG 21,576 297,503 Software AG 309,788 13,544,885 Stabilus SA 87,136 7,245,669 # Stada Arzneimittel AG 306,492 23,863,284 Stroeer SE & Co. KGaA 118,799 7,659,030 Suedzucker AG 438,206 9,352,810 #* Suess MicroTec AG 105,674 1,527,451 Surteco SE 32,135 948,149 TAG Immobilien AG 798,736 13,106,366 Takkt AG 163,454 4,013,567 Technotrans AG 34,509 1,697,691 * Tele Columbus AG 100,013 1,147,886 TLG Immobilien AG 261,130 5,663,557 #* Tom Tailor Holding SE 193,167 1,620,128 # Traffic Systems SE 23,180 448,388 Uniper SE 312,671 6,443,829 VERBIO Vereinigte BioEnergie AG 127,536 1,450,649 * Vossloh AG 68,437 4,551,796 # VTG AG 80,128 4,017,101 Wacker Chemie AG 77,716 9,644,879 Wacker Neuson SE 146,155 3,923,612 Washtec AG 53,359 4,281,635 Wuestenrot & Wuerttembergische AG 28,617 739,052 XING AG 16,563 4,867,470 Zeal Network SE 40,531 1,117,174 ------------ TOTAL GERMANY 895,057,573 ------------ IRELAND -- (1.2%) C&C Group P.L.C.(B010DT8) 399,607 1,437,057 C&C Group P.L.C.(B011Y09) 1,095,219 3,966,940 Datalex P.L.C. 72,333 323,042 * FBD Holdings P.L.C. 125,728 1,246,470 Glanbia P.L.C.(0066950) 700,613 14,591,514 Glanbia P.L.C.(4058629) 197,290 4,084,152 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- IRELAND -- (Continued) IFG Group P.L.C. 302,015 $ 625,940 * Independent News & Media P.L.C. 1,593,163 210,793 Irish Continental Group P.L.C.(BLP5857) 465,289 2,955,920 Irish Continental Group P.L.C.(BLP59W1) 234,200 1,498,349 Kingspan Group P.L.C. 729,261 24,290,837 Smurfit Kappa Group P.L.C. 601,045 17,875,691 ----------- TOTAL IRELAND 73,106,705 ----------- ISRAEL -- (2.2%) * ADO Group, Ltd. 77,051 1,082,938 * Afcon Holdings, Ltd. 240 11,902 #* Africa Israel Investments, Ltd. 909,111 69,456 * Africa Israel Properties, Ltd. 87,771 1,747,786 Africa Israel Residences, Ltd. 594 11,191 #* Airport City, Ltd. 354,108 4,678,371 Albaad Massuot Yitzhak, Ltd. 1,142 18,579 #* Allot Communications, Ltd. 136,197 676,999 Alony Hetz Properties & Investments, Ltd. 50,798 506,982 # Alrov Properties and Lodgings, Ltd. 48,457 1,393,794 # Amot Investments, Ltd. 590,878 3,136,329 Arad, Ltd. 1,053 10,759 #* Arko Holdings, Ltd. 321,359 150,654 Ashtrom Properties, Ltd. 30,421 133,303 #* AudioCodes, Ltd. 165,181 1,125,606 # Avgol Industries 1953, Ltd. 423,762 520,081 * Azorim-Investment Development & Construction Co., Ltd. 405,707 387,392 Bayside Land Corp. 4,443 1,912,813 # Big Shopping Centers, Ltd. 27,880 1,953,172 * BioLine RX, Ltd. 59,630 62,313 # Blue Square Real Estate, Ltd. 31,247 1,428,981 #* Brack Capital Properties NV 27,301 2,721,419 * Camtek, Ltd. 13,466 71,984 Carasso Motors, Ltd. 38,329 360,957 #* Cellcom Israel, Ltd. 311,336 2,890,394 * Ceragon Networks, Ltd. 297,222 690,108 #* Clal Biotechnology Industries, Ltd. 291,561 309,379 * Clal Insurance Enterprises Holdings, Ltd. 124,733 2,019,556 Cohen Development & Industrial Buildings, Ltd. 2,564 65,687 #* Compugen, Ltd. 185,531 730,688 Danel Adir Yeoshua, Ltd. 4,136 190,784 # Delek Automotive Systems, Ltd. 204,232 1,688,640 # Delta-Galil Industries, Ltd. 73,179 2,026,619 # Direct Insurance Financial Investments, Ltd. 89,972 964,683 El Al Israel Airlines 1,798,490 1,711,285 Electra Consumer Products 1970, Ltd. 50,581 991,887 Electra, Ltd. 10,286 2,034,065 Elron Electronic Industries, Ltd. 62,094 315,347 Energix-Renewable Energies, Ltd. 344,779 281,520 * Enlight Renewable Energy, Ltd. 354,684 134,976 * Equital, Ltd. 11,308 268,628 #* Evogene, Ltd. 70,559 345,089 First International Bank Of Israel, Ltd. 206,352 3,766,292 FMS Enterprises Migun, Ltd. 18,001 668,370 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- ISRAEL -- (Continued) Formula Systems 1985, Ltd. 54,587 $ 2,002,353 Fox Wizel, Ltd. 38,601 800,788 * Gilat Satellite Networks, Ltd. 146,815 803,082 * Hadera Paper, Ltd. 12,929 790,117 # Hamlet Israel-Canada, Ltd. 19,810 286,543 Harel Insurance Investments & Financial Services, Ltd. 636,496 3,784,900 # Hilan, Ltd. 59,950 1,088,200 IDI Insurance Co., Ltd. 32,078 1,829,197 * Industrial Buildings Corp., Ltd. 475,849 644,792 # Inrom Construction Industries, Ltd. 252,085 1,164,493 * Israel Discount Bank, Ltd. Class A 2,690,939 6,936,944 Israel Land Development Co., Ltd. (The) 22,310 208,271 Isras Investment Co., Ltd. 500 56,593 Issta Lines, Ltd. 2,915 64,761 * Jerusalem Oil Exploration 50,465 2,677,674 * Kamada, Ltd. 160,188 721,421 * Kenon Holdings, Ltd. 50,627 704,643 Kerur Holdings, Ltd. 23,086 652,203 Klil Industries, Ltd. 5,093 570,102 Maabarot Products, Ltd. 21,999 413,737 Magic Software Enterprises, Ltd. 106,119 842,407 # Matrix IT, Ltd. 208,937 2,147,317 # Maytronics, Ltd. 197,821 706,920 #* Mazor Robotics, Ltd. 228,777 4,572,484 Mediterranean Towers, Ltd. 13,777 22,009 Mega Or Holdings, Ltd. 18,705 193,030 Meitav Dash Investments, Ltd. 44,186 175,733 Melisron, Ltd. 73,243 3,733,695 Menora Mivtachim Holdings, Ltd. 134,385 1,628,993 Migdal Insurance & Financial Holding, Ltd. 2,192,100 2,248,630 # Mivtach Shamir Holdings, Ltd. 22,547 467,606 * Naphtha Israel Petroleum Corp., Ltd. 190,302 1,296,397 # Nawi Brothers, Ltd. 23,681 154,717 Neto ME Holdings, Ltd. 8,219 803,238 #* Nova Measuring Instruments, Ltd. 150,491 3,542,263 Oil Refineries, Ltd. 6,029,190 2,803,547 * Partner Communications Co., Ltd. 638,671 3,236,315 Paz Oil Co., Ltd. 29,796 4,974,490 * Perion Network, Ltd. 16,455 27,223 * Phoenix Holdings, Ltd. (The) 356,371 1,515,956 Plasson Industries, Ltd. 14,644 538,688 Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. 34,290 1,632,817 #* Redhill Biopharma, Ltd. 45,309 44,727 # Scope Metals Group, Ltd. 32,311 903,885 # Shapir Engineering and Industry, Ltd. 417,649 1,394,960 Shikun & Binui, Ltd. 1,175,083 2,702,067 Shufersal, Ltd. 411,270 2,234,583 #* Space Communication, Ltd. 17,611 108,783 Strauss Group, Ltd. 172,240 3,298,413 Summit Real Estate Holdings, Ltd. 128,850 845,433 * Suny Cellular Communication, Ltd. 85,003 63,358 Tadiran Holdings, Ltd. 12,474 336,462 #* Tower Semiconductor, Ltd. 426,432 11,341,829 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ ISRAEL -- (Continued) #* Union Bank of Israel 202,328 $ 1,040,635 ------------ TOTAL ISRAEL 134,048,182 ------------ ITALY -- (10.1%) A2A SpA 8,855,726 15,064,653 ACEA SpA 320,299 4,808,175 #* Aedes SIIQ SpA 691,904 283,991 #* Aeffe SpA 190,047 402,891 Aeroporto Guglielmo Marconi Di Bologna SpA 7,416 123,653 Amplifon SpA 515,448 7,388,335 Anima Holding SpA 1,374,707 11,156,467 * Ansaldo STS SpA 572,443 7,855,883 * Arnoldo Mondadori Editore SpA 825,914 1,720,446 Ascopiave SpA 435,096 1,782,930 # Astaldi SpA 309,909 2,058,542 Autogrill SpA 728,145 8,645,348 # Azimut Holding SpA 623,078 13,960,266 #* Banca Carige SpA 1,998,068 599,784 Banca Finnat Euramerica SpA 616,149 279,218 Banca Generali SpA 290,229 10,295,487 Banca IFIS SpA 147,336 6,914,561 Banca Mediolanum SpA 1,447,325 12,655,178 #* Banca Monte dei Paschi di Siena SpA 19,884 266,226 Banca Popolare di Sondrio SCPA 2,343,224 10,225,024 # Banca Profilo SpA 1,388,807 350,683 Banca Sistema SpA 147,147 385,387 * Banco BPM SpA 6,471,527 23,570,633 Banco di Desio e della Brianza SpA 224,677 662,217 # BasicNet SpA 184,584 862,966 # BE 392,662 399,443 Biesse SpA 76,476 2,914,419 BPER Banca 2,548,728 14,001,529 Brembo SpA 806,265 12,398,347 Brunello Cucinelli SpA 138,773 4,076,516 Buzzi Unicem SpA 409,864 10,380,374 # Cairo Communication SpA 378,045 1,760,699 * Caltagirone Editore SpA 6,277 8,926 * Carraro SpA 8,815 31,507 Cembre SpA 39,007 967,996 Cementir Holding SpA 334,012 2,379,320 Cerved Information Solutions SpA 1,009,989 11,583,231 CIR-Compagnie Industriali Riunite SpA 2,176,173 3,238,592 Credito Emiliano SpA 487,193 4,202,381 #* Credito Valtellinese SpA 617,221 2,991,958 #* d'Amico International Shipping SA 1,174,234 364,952 Danieli & C Officine Meccaniche SpA 77,951 2,007,954 Datalogic SpA 111,466 3,422,403 Davide Campari-Milano SpA 1,725,923 12,758,665 De' Longhi SpA 279,516 9,192,671 DeA Capital SpA 592,759 880,433 DiaSorin SpA 119,477 10,420,531 Digital Bros SpA 3,363 52,905 # Ei Towers SpA 94,164 5,760,604 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- ITALY -- (Continued) El.En. SpA 53,464 $ 1,567,128 * Elica SpA 4,665 9,863 Emak SpA 233,497 436,504 ePrice SpA 95,719 420,669 ERG SpA 372,364 5,320,894 Esprinet SpA 169,978 1,312,947 #* Eurotech SpA 90,850 139,946 * Exprivia SpA 11,442 16,511 Falck Renewables SpA 829,129 1,244,875 # Fila SpA 54,863 1,210,961 #* Fincantieri SpA 2,358,732 2,786,929 FinecoBank Banca Fineco SpA 2,231,799 19,560,234 FNM SpA 747,367 475,216 * GEDI Gruppo Editoriale SpA 740,279 687,138 # Geox SpA 478,801 1,900,176 Gruppo MutuiOnline SpA 120,305 1,922,562 Hera SpA 3,822,133 12,359,214 * IMMSI SpA 1,202,186 651,681 Industria Macchine Automatiche SpA 76,905 7,622,914 Infrastrutture Wireless Italiane SpA 840,134 5,425,240 #* Intek Group SpA 1,768,514 624,151 Interpump Group SpA 425,898 12,958,482 Iren SpA 3,118,364 7,935,440 Italgas SpA 2,609,881 14,369,353 Italmobiliare SpA 33,877 962,428 IVS Group SA 29,942 476,561 #* Juventus Football Club SpA 2,220,681 1,561,554 La Doria SpA 67,081 814,274 # Maire Tecnimont SpA 643,190 3,608,441 # MARR SpA 189,413 4,856,624 Massimo Zanetti Beverage Group SpA 7,455 70,687 #* Mediaset SpA 4,351,208 17,009,135 Moncler SpA 881,287 23,666,361 Mondo TV SpA 10,510 49,933 Nice SpA 99,606 424,332 OVS SpA 577,703 4,370,038 # Panariagroup Industrie Ceramiche SpA 54,952 364,875 # Parmalat SpA 697,227 2,526,659 # Piaggio & C SpA 1,124,262 3,121,091 #* Prelios SpA 127,326 16,884 Prima Industrie SpA 21,258 662,503 Prysmian SpA 1,026,230 32,824,893 RAI Way SpA 224,084 1,233,157 Recordati SpA 316,586 13,513,643 # Reno de Medici SpA 840,050 425,233 Reply SpA 23,975 5,068,822 #* Retelit SpA 795,577 1,221,373 #* Rizzoli Corriere Della Sera Mediagroup SpA 417,513 599,599 Sabaf SpA 34,156 616,393 SAES Getters SpA 43,539 914,359 * Safilo Group SpA 176,776 1,355,381 #* Saipem SpA 3,176,912 13,035,434 # Salini Impregilo SpA 1,310,412 4,603,093 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ ITALY -- (Continued) # Salvatore Ferragamo SpA 262,482 $ 7,608,377 Saras SpA 3,129,270 7,200,125 SAVE SpA 91,740 2,271,887 Servizi Italia SpA 40,168 207,369 Sesa SpA 15,962 465,792 #* Snaitech SpA 544,640 1,053,875 Societa Cattolica di Assicurazioni SCRL 972,786 8,412,052 Societa Iniziative Autostradali e Servizi SpA 362,319 4,985,479 #* Sogefi SpA 323,297 1,639,858 SOL SpA 164,650 1,998,349 Tamburi Investment Partners SpA 455,377 3,056,375 #* Tiscali SpA 9,160,788 438,684 # Tod's SpA 70,079 4,868,571 #* Trevi Finanziaria Industriale SpA 509,518 433,790 TXT e-solutions SpA 28,342 404,021 # Unione di Banche Italiane SpA 6,512,761 31,463,623 Unipol Gruppo Finanziario SpA 2,680,207 12,547,883 # UnipolSai Assicurazioni SpA 4,421,278 10,221,016 Vittoria Assicurazioni SpA 136,425 1,911,974 #* Yoox Net-A-Porter Group SpA 280,998 9,307,326 Zignago Vetro SpA 145,632 1,295,803 ------------ TOTAL ITALY 611,240,317 ------------ NETHERLANDS -- (5.2%) Aalberts Industries NV 645,848 28,198,768 Accell Group 150,045 4,573,943 * AFC Ajax NV 18,134 223,328 AMG Advanced Metallurgical Group NV 171,531 5,921,264 Amsterdam Commodities NV 101,270 3,008,205 APERAM SA 297,594 14,464,017 # Arcadis NV 466,494 9,539,916 ASM International NV 314,922 18,951,295 BE Semiconductor Industries NV 212,357 13,813,510 # Beter Bed Holding NV 104,326 1,936,797 # BinckBank NV 375,073 2,063,152 Boskalis Westminster 594,181 21,251,871 # Brunel International NV 138,299 2,125,271 Corbion NV 370,580 11,968,382 # Flow Traders 96,337 2,917,164 * Fugro NV 403,383 6,479,190 Gemalto NV(B9MS8P5) 306,999 15,638,900 Gemalto NV(B011JK4) 231,595 11,805,427 #* Heijmans NV 141,912 1,200,149 Hunter Douglas NV 17,720 1,550,513 IMCD Group NV 145,489 8,145,803 Intertrust NV 58,247 999,094 KAS Bank NV 86,435 997,210 Kendrion NV 79,933 3,410,005 # Koninklijke BAM Groep NV 2,089,839 12,427,008 Koninklijke Vopak NV 353,510 16,831,454 * Lucas Bols NV 3,916 91,759 Nederland Apparatenfabriek 27,865 1,279,918 #* OCI NV 531,075 11,377,523 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ NETHERLANDS -- (Continued) # Ordina NV 866,273 $ 1,618,717 # PostNL NV 2,599,766 12,305,455 Refresco Group NV 194,325 3,796,881 SBM Offshore NV 1,191,247 20,600,488 Sligro Food Group NV 152,751 6,909,013 * Telegraaf Media Groep NV 170,034 1,211,512 TKH Group NV 240,336 14,699,432 * TomTom NV 838,890 8,904,657 Van Lanschot Kempen NV 57,666 1,710,249 # Wessanen 473,278 8,344,851 ------------ TOTAL NETHERLANDS 313,292,091 ------------ NORWAY -- (2.3%) ABG Sundal Collier Holding ASA 2,003,781 1,389,832 AF Gruppen ASA 29,505 561,427 #* Akastor ASA 1,076,530 2,205,310 * Aker Solutions ASA 856,751 4,284,965 American Shipping Co. ASA 234,848 739,296 * Archer, Ltd. 368,238 542,870 Arendals Fossekompani A.S. 90 32,844 Atea ASA 409,219 5,017,609 Austevoll Seafood ASA 517,682 4,598,469 #* Avance Gas Holding, Ltd. 376,095 1,149,787 #* Axactor AB 5,455,611 1,772,737 Bakkafrost P/F 211,039 8,286,503 Bonheur ASA 140,320 1,447,781 Borregaard ASA 526,278 6,582,328 # BW LPG, Ltd. 524,093 2,363,183 #* BW Offshore, Ltd. 863,791 2,662,209 #* DNO ASA 3,859,961 4,502,147 #* DOF ASA 1,658,800 196,469 # Ekornes ASA 123,183 1,786,841 Entra ASA 141,667 1,882,969 Europris ASA 45,869 214,488 #* Fred Olsen Energy ASA 247,595 361,953 # Frontline, Ltd. 344,307 1,996,271 #* Funcom NV 835,906 306,756 Grieg Seafood ASA 295,582 2,426,555 #* Hexagon Composites ASA 437,202 1,550,156 # Hoegh LNG Holdings, Ltd. 279,030 3,129,163 * Kongsberg Automotive ASA 2,171,519 2,300,771 Kongsberg Gruppen ASA 107,905 1,834,951 * Kvaerner ASA 1,616,475 2,359,387 #* NEL ASA 2,313,353 763,014 #* Nordic Nanovector ASA 115,701 1,230,482 #* Nordic Semiconductor ASA 703,953 3,476,774 Norway Royal Salmon ASA 20,408 350,208 #* Norwegian Air Shuttle ASA 154,653 3,797,156 #* Norwegian Finans Holding ASA 218,800 2,350,559 Norwegian Property ASA 44,590 56,248 # Ocean Yield ASA 248,488 2,122,755 * Odfjell Drilling, Ltd. 147,404 399,294 Odfjell SE Class A 134,257 505,837 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- ------------ NORWAY -- (Continued) Olav Thon Eiendomsselskap ASA 115,054 $ 2,462,140 Opera Software ASA 575,178 2,379,518 #* Petroleum Geo-Services ASA 1,952,682 4,282,647 #* PhotoCure ASA 65,557 195,428 #* Prosafe SE 149,365 577,697 # Protector Forsikring ASA 364,421 3,566,578 * Q-Free ASA 179,836 203,178 #* REC Silicon ASA 14,281,005 1,752,914 Scatec Solar ASA 372,800 2,187,185 #* Seadrill, Ltd. 463,580 173,039 Selvaag Bolig ASA 171,736 797,089 #* Sevan Marine ASA 124,800 207,239 Skandiabanken ASA 152,499 1,716,491 Solon Eiendom ASA 3,712 8,989 #* Solstad Farstad ASA 99,014 118,204 #* Songa Offshore 184,594 827,603 SpareBank 1 SMN 2,422 24,458 SpareBank 1 SR-Bank ASA 269,957 2,694,422 Stolt-Nielsen, Ltd. 151,270 2,311,865 Storebrand ASA 33,758 281,583 # TGS NOPEC Geophysical Co. ASA 381,071 8,053,036 Tomra Systems ASA 647,834 9,207,870 Treasure ASA 300,823 622,748 Veidekke ASA 443,333 5,860,398 * Wallenius Wilhelmsen Logistics 306,364 1,915,160 Wilh Wilhelmsen Holding ASA Class A 68,692 2,159,555 # XXL ASA 292,490 2,848,886 ------------ TOTAL NORWAY 140,974,274 ------------ PORTUGAL -- (1.0%) Altri SGPS SA 577,518 2,622,822 * Banco Comercial Portugues SA Class R 67,212,193 19,158,177 CTT-Correios de Portugal SA 692,539 4,516,068 EDP Renovaveis SA 182,845 1,461,269 Ibersol SGPS SA 24,481 414,973 # Mota-Engil SGPS SA 850,092 2,391,317 Navigator Co. SA (The) 2,010,412 8,665,261 NOS SGPS SA 1,118,059 7,115,262 Novabase SGPS SA 65,729 248,046 # REN - Redes Energeticas Nacionais SGPS SA 1,468,029 4,757,140 Semapa-Sociedade de Investimento e Gestao 128,708 2,501,598 Sonae Capital SGPS SA 768,579 733,891 Sonae SGPS SA 5,934,800 6,820,049 Teixeira Duarte SA 710,639 278,919 ------------ TOTAL PORTUGAL 61,684,792 ------------ SPAIN -- (5.3%) Acciona SA 194,158 16,596,521 Acerinox SA 935,350 12,008,084 # Adveo Group International SA 104,096 387,238 Alantra Partners SA 29,487 441,254 # Almirall SA 364,691 3,527,334 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- SPAIN -- (Continued) #* Amper SA 4,762,732 $ 1,343,266 Applus Services SA 679,928 8,757,327 Atresmedia Corp. de Medios de Comunicacion SA 489,833 5,749,086 Azkoyen SA 64,022 584,096 * Baron de Ley 13,360 1,698,713 # Bolsas y Mercados Espanoles SHMSF SA 412,428 15,127,052 Cellnex Telecom SA 838,332 18,856,069 Cia de Distribucion Integral Logista Holdings SA 242,484 6,261,156 Cie Automotive SA 251,793 6,232,322 Clinica Baviera SA 3,698 44,940 Construcciones y Auxiliar de Ferrocarriles SA 91,240 4,056,976 #* Deoleo SA 1,441,512 348,852 # Distribuidora Internacional de Alimentacion SA 3,537,996 23,830,230 #* Duro Felguera SA 489,623 435,031 Ebro Foods SA 366,900 8,782,433 * eDreams ODIGEO SA 314,785 1,095,736 Elecnor SA 198,822 2,739,934 Ence Energia y Celulosa SA 1,045,746 4,456,636 Ercros SA 793,700 2,883,719 Euskaltel SA 431,467 4,411,596 Faes Farma SA 1,444,899 4,582,471 Fluidra SA 269,800 2,370,485 #* Fomento de Construcciones y Contratas SA 141,812 1,560,031 Grupo Catalana Occidente SA 228,086 10,146,661 * Grupo Empresarial San Jose SA 91,203 405,729 #* Grupo Ezentis SA 1,075,120 912,095 Iberpapel Gestion SA 42,701 1,418,474 * Indra Sistemas SA 705,130 10,910,028 Inmobiliaria Colonial SA 1,696,583 15,824,797 Inmobiliaria del Sur SA 2,902 36,067 # Laboratorios Farmaceuticos Rovi SA 68,607 1,304,289 * Liberbank SA 2,372,859 2,733,160 Mediaset Espana Comunicacion SA 1,004,667 12,662,626 Melia Hotels International SA 499,600 7,743,855 Miquel y Costas & Miquel SA 77,498 2,868,373 # NH Hotel Group SA 1,358,586 9,051,267 # Obrascon Huarte Lain SA 911,389 3,827,097 Papeles y Cartones de Europa SA 297,375 2,608,943 #* Pescanova SA 68,547 111,900 * Pharma Mar SA 1,078,930 4,898,246 # Prim SA 39,424 514,230 #* Promotora de Informaciones SA Class A 284,300 1,075,648 Prosegur Cia de Seguridad SA 1,400,764 9,574,047 #* Quabit Inmobiliaria SA(BYYTT70) 312,740 645,373 Quabit Inmobiliaria SA(BYVXB02) 15,637 32,394 * Realia Business SA 1,048,913 1,356,535 #* Sacyr SA 2,650,160 7,071,683 Saeta Yield SA 207,924 2,385,834 Siemens Gamesa Renewable Energy SA 604,491 9,890,181 #* Solaria Energia y Medio Ambiente SA 298,467 482,121 # Talgo SA 495,556 2,864,091 # Tecnicas Reunidas SA 189,544 6,721,429 * Tubacex SA 724,309 2,834,936 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ SPAIN -- (Continued) #* Tubos Reunidos SA 776,287 $ 986,566 Vidrala SA 84,838 6,617,482 # Viscofan SA 246,069 14,639,566 * Vocento SA 263,636 490,882 Zardoya Otis SA 858,732 9,008,485 ------------ TOTAL SPAIN 323,823,678 ------------ SWEDEN -- (7.3%) AAK AB 121,469 8,978,471 Acando AB 586,572 1,976,190 AddLife AB 77,913 1,606,282 AddNode Group AB 22,737 202,720 AddTech AB Class B 296,441 5,782,818 AF AB Class B 321,244 7,036,641 Alimak Group AB 55,127 955,752 #* Anoto Group AB 4,862,822 124,058 * Arise AB 36,861 58,496 # Atrium Ljungberg AB Class B 120,488 2,057,505 Attendo AB 74,223 933,777 # Avanza Bank Holding AB 125,578 5,181,270 * BE Group AB 12,555 90,933 Beijer Alma AB 117,169 3,422,017 #* Beijer Electronics Group AB 53,995 296,301 Beijer Ref AB 71,389 2,144,615 Bergman & Beving AB 144,190 1,786,380 Betsson AB 526,477 5,063,129 Bilia AB Class A 634,778 6,132,740 BillerudKorsnas AB 76,671 1,212,350 BioGaia AB Class B 92,718 3,456,970 #* BioInvent International AB 515,778 159,479 Biotage AB 305,541 2,202,685 # Bjorn Borg AB 82,051 340,488 # Bonava AB 9,670 168,069 Bonava AB Class B 237,828 4,161,595 Bufab AB 49,551 555,510 Bulten AB 92,534 1,409,866 Bure Equity AB 335,255 4,119,013 # Byggmax Group AB 372,728 3,012,630 Capio AB 5,108 29,022 # Catena AB 71,286 1,233,192 # Cavotec SA 31,634 121,097 Clas Ohlson AB Class B 214,919 4,418,222 Cloetta AB Class B 1,447,612 5,180,687 * Collector AB 38,748 461,465 Com Hem Holding AB 779,264 11,380,709 Concentric AB 370,988 5,820,973 Concordia Maritime AB Class B 100,760 164,708 Coor Service Management Holding AB 35,885 257,565 Corem Property Group AB Class B 2,296 13,736 Dedicare AB Class B 16,704 274,434 Dios Fastigheter AB 604,286 3,533,493 Dometic Group AB 70,449 595,507 Doro AB 157,429 984,436 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- SWEDEN -- (Continued) Duni AB 210,955 $ 3,057,447 # Dustin Group AB 235,306 1,973,741 Eastnine AB 78,409 669,850 Elanders AB Class B 36,056 429,695 #* Eltel AB 192,132 611,122 Enea AB 63,008 601,982 eWork Group AB 22,308 256,627 Fabege AB 666,527 13,164,806 # Fagerhult AB 208,317 2,741,906 # Fenix Outdoor International AG 11,104 1,173,253 #* Fingerprint Cards AB Class B 191,798 896,942 # Granges AB 472,903 5,227,375 Gunnebo AB 205,151 1,092,226 * Haldex AB 218,762 2,920,006 Heba Fastighets AB Class B 42,288 576,560 Hemfosa Fastigheter AB 740,858 9,088,412 Hexpol AB 356,694 3,648,238 HIQ International AB 297,368 1,988,282 HMS Networks AB 29,214 428,841 # Hoist Finance AB 160,566 1,779,323 Holmen AB Class B 261,612 11,815,850 Hufvudstaden AB Class A 166,758 2,902,661 # Indutrade AB 442,678 10,920,133 # Intrum Justitia AB 389,858 12,685,711 Inwido AB 322,120 4,049,553 # ITAB Shop Concept AB Class B 112,880 974,515 JM AB 392,486 13,775,900 KappAhl AB 420,801 2,393,962 # Karo Pharma AB 296,365 1,551,285 # Kindred Group P.L.C. 1,251,492 13,928,301 # Klovern AB Class B 2,572,769 3,286,617 KNOW IT AB 93,314 1,504,150 # Kungsleden AB 1,024,206 6,736,640 Lagercrantz Group AB Class B 354,351 4,012,208 Lifco AB Class B 54,552 1,818,771 Lindab International AB 468,066 4,921,822 Loomis AB Class B 406,666 15,108,480 * Medivir AB Class B 157,280 1,304,253 # Mekonomen AB 149,584 3,150,099 # Modern Times Group MTG AB Class B 319,844 11,115,842 * Momentum Group AB Class B 144,190 1,486,762 MQ Holding AB 190,110 743,765 # Mycronic AB 464,036 4,837,290 NCC AB Class B 513,349 13,357,162 # Nederman Holding AB 4,621 131,808 #* Net Insight AB Class B 735,492 482,954 NetEnt AB 953,177 9,197,117 New Wave Group AB Class B 319,163 2,223,449 Nobia AB 745,291 7,651,854 # Nobina AB 405,004 1,996,282 Nolato AB Class B 172,169 7,560,735 Nordax Group AB 23,020 126,217 NP3 Fastigheter AB 29,912 176,733 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ------------ SWEDEN -- (Continued) OEM International AB Class B 44,190 $ 968,946 Opus Group AB 1,289,836 1,125,692 #* Orexo AB 6,681 24,171 Oriflame Holding AG 242,872 9,323,959 Pandox AB 47,411 852,805 Peab AB 876,860 10,292,816 Pricer AB Class B 832,220 1,005,208 Proact IT Group AB 50,363 1,288,012 Probi AB 1,642 75,224 #* Qliro Group AB 795,678 1,637,192 # Ratos AB Class B 1,504,874 7,189,020 * RaySearch Laboratories AB 130,088 3,184,126 # Recipharm AB Class B 167,002 2,006,174 Rezidor Hotel Group AB 426,060 1,641,979 Rottneros AB 484,842 435,296 Saab AB Class B 27,191 1,261,648 # Sagax AB Class B 127,023 1,595,252 #* SAS AB 814,391 1,946,623 Scandi Standard AB 224,885 1,608,185 Scandic Hotels Group AB 89,633 1,246,231 Sectra AB Class B 60,155 1,136,234 Semcon AB 103,281 683,905 #* Sensys Gatso Group AB 1,035,356 89,790 SkiStar AB 137,128 3,049,121 #* SSAB AB Class A 186,603 950,406 #* SSAB AB Class B 1,119,901 4,642,014 Sweco AB Class B 326,793 7,981,305 Swedol AB Class B 81,005 290,096 Systemair AB 73,415 1,246,114 Thule Group AB 400,366 7,791,453 #* Tobii AB 49,569 222,247 Troax Group AB 6,887 193,672 VBG Group AB Class B 9,770 164,600 # Victoria Park AB Class B 567,966 1,932,978 # Vitrolife AB 71,728 5,810,194 Wallenstam AB Class B 906,444 9,228,468 Wihlborgs Fastigheter AB 385,249 9,370,981 ------------ TOTAL SWEDEN 442,845,648 ------------ SWITZERLAND -- (10.7%) Allreal Holding AG 68,697 12,491,086 * Alpiq Holding AG 6,898 584,942 ALSO Holding AG 27,947 3,654,650 # ams AG 372,640 26,854,865 APG SGA SA 7,581 3,419,432 #* Arbonia AG 228,755 4,352,370 # Aryzta AG 368,607 11,845,153 Ascom Holding AG 210,467 4,168,344 Autoneum Holding AG 16,300 3,916,868 Bachem Holding AG Class B 23,344 2,584,830 Baloise Holding AG 39,603 6,362,857 Bank Cler AG 30,867 1,386,922 Banque Cantonale de Geneve 8,078 1,332,714 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- SWITZERLAND -- (Continued) Banque Cantonale du Jura SA 4,442 $ 272,418 Banque Cantonale Vaudoise 11,753 8,503,268 Belimo Holding AG 2,185 9,059,750 Bell Food Group AG 5,249 2,415,485 Bellevue Group AG 52,658 1,053,428 # Berner Kantonalbank AG 23,655 4,480,359 BFW Liegenschaften AG 620 29,392 BKW AG 64,177 3,656,896 Bobst Group SA 44,716 4,978,482 Bossard Holding AG Class A 32,905 7,115,724 Bucher Industries AG 34,470 11,493,948 # Burckhardt Compression Holding AG 12,768 3,792,328 Burkhalter Holding AG 20,988 2,973,560 Calida Holding AG 25,084 1,008,773 Carlo Gavazzi Holding AG 1,916 699,366 Cembra Money Bank AG 146,394 13,132,305 Cham Paper Holding AG 1,894 775,430 * Cicor Technologies, Ltd. 8,666 455,271 Cie Financiere Tradition SA 9,836 903,800 Clariant AG 486,223 11,298,613 Coltene Holding AG 20,595 2,130,409 Conzzeta AG 6,901 7,221,844 # Daetwyler Holding AG 37,940 6,200,964 DKSH Holding AG 148,986 11,724,168 dormakaba Holding AG 16,675 14,863,121 Edmond de Rothschild Suisse SA 41 703,844 # EFG International AG 467,927 3,474,556 Emmi AG 12,810 9,025,199 Energiedienst Holding AG 68,912 1,881,519 #* Evolva Holding SA 1,761,042 837,875 Feintool International Holding AG 7,642 933,280 Flughafen Zurich AG 70,548 17,992,473 Forbo Holding AG 6,853 10,405,195 GAM Holding AG 1,035,728 16,329,291 Georg Fischer AG 22,880 26,022,377 Gurit Holding AG 2,329 2,798,496 Helvetia Holding AG 36,269 20,271,668 Hiag Immobilien Holding AG 3,901 482,740 # HOCHDORF Holding AG 5,428 1,627,610 Huber & Suhner AG 72,236 5,148,051 Implenia AG 85,074 6,291,629 Inficon Holding AG 9,382 5,145,271 Interroll Holding AG 3,127 4,100,010 Intershop Holding AG 8,065 3,988,681 # Jungfraubahn Holding AG 5,914 697,339 Kardex AG 35,549 3,918,131 Komax Holding AG 18,489 5,400,668 Kudelski SA 197,997 3,152,427 * Lastminute.com NV 6,959 86,363 LEM Holding SA 3,773 4,564,960 Liechtensteinische Landesbank AG 36,484 1,844,930 Logitech International SA 708,858 25,727,999 Luzerner Kantonalbank AG 16,857 7,579,931 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ --------- ----------- SWITZERLAND -- (Continued) MCH Group AG 2,934 $ 233,005 Metall Zug AG Class B 894 3,740,796 #* Meyer Burger Technology AG 2,370,456 3,724,716 Mobilezone Holding AG 133,170 1,927,901 Mobimo Holding AG 34,840 9,945,719 # OC Oerlikon Corp. AG 1,120,910 16,399,993 #* Orascom Development Holding AG 60,240 419,269 # Orell Fuessli Holding AG 5,028 667,706 Orior AG 29,509 2,199,959 # Panalpina Welttransport Holding AG 63,044 7,981,840 # Phoenix Mecano AG 3,266 1,900,058 Plazza AG Class A 5,940 1,412,410 PSP Swiss Property AG 225,870 20,551,760 Rieter Holding AG 17,376 4,024,172 # Romande Energie Holding SA 2,625 3,542,297 #* Schaffner Holding AG 2,950 974,496 * Schmolz + Bickenbach AG 2,988,059 2,747,098 Schweiter Technologies AG 4,863 6,399,978 SFS Group AG 51,982 5,913,442 Siegfried Holding AG 21,530 6,261,135 St Galler Kantonalbank AG 11,846 5,276,607 Sulzer AG 107,928 12,108,331 Sunrise Communications Group AG 183,234 14,450,564 Swiss Prime Site AG 125,079 11,291,127 Swissquote Group Holding SA 47,918 1,380,037 Tamedia AG 14,493 2,233,403 Tecan Group AG 49,228 9,181,204 Temenos Group AG 318,043 30,744,041 Thurgauer Kantonalbank 1,541 160,474 u-blox Holding AG 30,554 6,067,294 Valiant Holding AG 99,933 11,779,793 Valora Holding AG 15,777 5,237,098 Vaudoise Assurances Holding SA 5,615 3,123,654 Vetropack Holding AG 1,088 2,297,392 * Von Roll Holding AG 270,044 405,472 Vontobel Holding AG 136,975 9,112,230 VP Bank AG 11,723 1,476,435 VZ Holding AG 11,594 3,733,990 Walliser Kantonalbank 17,172 1,691,378 Walter Meier AG 22,913 1,065,717 # Ypsomed Holding AG 16,382 2,557,881 Zehnder Group AG 60,690 2,130,539 # Zug Estates Holding AG Class B 894 1,711,541 THE CONTINENTAL SMALL COMPANY SERIES CONTINUED SHARES VALUE++ ---------- -------------- SWITZERLAND -- (Continued) Zuger Kantonalbank AG 643 $ 3,554,123 -------------- TOTAL SWITZERLAND 647,364,723 -------------- UNITED STATES -- (0.0%) * Sapiens International Corp. NV 8,658 102,954 -------------- TOTAL COMMON STOCKS 5,507,863,296 -------------- PREFERRED STOCKS -- (0.8%) GERMANY -- (0.8%) * Biotest AG 89,937 2,445,595 Draegerwerk AG & Co. KGaA 37,880 4,075,469 # Fuchs Petrolub SE 212,417 12,610,219 Jungheinrich AG 245,511 9,742,361 # Sartorius AG 117,258 11,082,616 Sixt SE 68,763 3,905,536 STO SE & Co. KGaA 8,021 1,132,733 Villeroy & Boch AG 42,172 900,387 -------------- TOTAL GERMANY 45,894,916 -------------- TOTAL PREFERRED STOCKS 45,894,916 -------------- RIGHTS/WARRANTS -- (0.0%) AUSTRIA -- (0.0%) * Intercell AG Rights 05/16/13 254,689 -- -------------- FRANCE -- (0.0%) * Maurel et prom Rights 12/31/00 844,597 -- -------------- TOTAL RIGHTS/WARRANTS -- -------------- TOTAL INVESTMENT SECURITIES 5,553,758,212 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (8.5%) (S)@ DFA Short Term Investment Fund 44,539,312 515,408,914 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,459,568,519)^^ $6,069,167,126 ============== THE CONTINENTAL SMALL COMPANY SERIES CONTINUED Summary of the Series' investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ----------- -------------- ------- -------------- Common Stocks Austria -- $ 193,065,074 -- $ 193,065,074 Belgium $ 1,836,547 237,461,047 -- 239,297,594 Denmark -- 290,325,176 -- 290,325,176 Finland -- 355,516,460 -- 355,516,460 France 131,436 785,986,619 -- 786,118,055 Germany 2,527,965 892,529,608 -- 895,057,573 Ireland -- 73,106,705 -- 73,106,705 Israel -- 134,048,182 -- 134,048,182 Italy -- 611,240,317 -- 611,240,317 Netherlands 11,805,427 301,486,664 -- 313,292,091 Norway -- 140,974,274 -- 140,974,274 Portugal -- 61,684,792 -- 61,684,792 Spain 111,900 323,711,778 -- 323,823,678 Sweden 1,486,762 441,358,886 -- 442,845,648 Switzerland -- 647,364,723 -- 647,364,723 United States -- 102,954 -- 102,954 Preferred Stocks Germany -- 45,894,916 -- 45,894,916 Securities Lending Collateral -- 515,408,914 -- 515,408,914 ----------- -------------- -- -------------- TOTAL $17,900,037 $6,051,267,089 -- $6,069,167,126 =========== ============== == ============== THE EMERGING MARKETS SERIES SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (94.4%) BRAZIL -- (4.5%) Ambev SA 855,320 $ 5,252,579 Ambev SA ADR 5,984,451 36,385,462 B3 SA - Brasil Bolsa Balcao 2,587,090 16,999,206 Banco Bradesco SA 1,227,581 11,868,959 Banco do Brasil SA 1,076,318 9,905,984 Banco Santander Brasil SA 479,757 3,924,704 BB Seguridade Participacoes SA 967,525 8,516,863 BR Malls Participacoes SA 466,400 1,974,275 # Braskem SA Sponsored ADR 165,709 3,980,330 * BRF SA 428,568 5,074,071 #* BRF SA ADR 276,507 3,260,018 BTG Pactual Group 96,141 482,503 CCR SA 2,156,612 11,812,315 * Centrais Eletricas Brasileiras SA 368,500 1,595,315 # Centrais Eletricas Brasileiras SA ADR 85,023 450,622 #* Centrais Eletricas Brasileiras SA Sponsored ADR 100,200 431,862 Cia de Saneamento Basico do Estado de Sao Paulo 424,900 4,571,454 Cia de Saneamento Basico do Estado de Sao Paulo ADR 150,389 1,618,186 #* Cia Siderurgica Nacional SA Sponsored ADR 241,268 588,694 Cielo SA 1,808,236 15,134,597 * Cosan Logistica SA 75,536 182,157 Cosan SA Industria e Comercio 209,443 2,424,645 CPFL Energia SA 220,971 1,903,340 CPFL Energia SA ADR 67,189 1,153,628 Embraer SA Sponsored ADR 200,469 4,063,507 Engie Brasil Energia SA 250,101 2,807,105 Equatorial Energia SA 183,400 3,334,706 Fibria Celulose SA 22,600 239,745 Fibria Celulose SA Sponsored ADR 432,930 4,576,070 Gerdau SA 201,832 688,016 Gerdau SA Sponsored ADR 577,984 1,947,806 Hypermarcas SA 473,562 4,250,645 Itau Unibanco Holding SA 445,626 4,727,278 JBS SA 2,413,848 5,960,405 Klabin SA 996,400 5,112,447 Kroton Educacional SA 2,022,386 9,780,038 Localiza Rent a Car SA 97,400 1,621,069 Lojas Americanas SA 255,084 1,056,051 Lojas Renner SA 1,545,302 14,519,649 M Dias Branco SA 127,000 2,067,286 Multiplan Empreendimentos Imobiliarios SA 98,000 2,258,964 Natura Cosmeticos SA 112,200 901,313 * Petroleo Brasileiro SA 2,305,200 10,201,472 * Petroleo Brasileiro SA Sponsored ADR 772,593 6,806,544 Raia Drogasil SA 381,000 8,430,420 * Rumo SA 831,800 2,758,129 Telefonica Brasil SA ADR 16,000 238,080 Tim Participacoes SA 1,162,813 3,967,589 Tim Participacoes SA ADR 63,679 1,074,265 Ultrapar Participacoes SA 394,184 9,354,183 # Ultrapar Participacoes SA Sponsored ADR 254,308 6,019,470 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ----------- ------------ BRAZIL -- (Continued) Vale SA 601,698 $ 6,039,459 # Vale SA Sponsored ADR 1,209,916 12,135,457 WEG SA 440,666 2,676,484 ------------ TOTAL BRAZIL 289,105,421 ------------ CHILE -- (1.3%) AES Gener SA 2,528,093 939,393 Aguas Andinas SA Class A 4,491,454 2,833,917 Banco de Chile 1,445,838 209,158 Banco de Chile ADR 55,229 4,720,968 Banco de Credito e Inversiones 65,688 3,964,275 Banco Santander Chile ADR 240,702 6,804,646 Cencosud SA 1,874,706 5,336,272 Cia Cervecerias Unidas SA 109,017 1,453,062 Cia Cervecerias Unidas SA Sponsored ADR 78,551 2,090,242 Colbun SA 11,915,903 2,787,389 # Embotelladora Andina SA Class A ADR 5,228 128,922 Embotelladora Andina SA Class B ADR 21,587 590,189 Empresa Nacional de Telecomunicaciones SA 59,326 675,531 Empresas CMPC SA 2,386,070 6,095,625 Empresas COPEC SA 457,911 5,585,501 Enel Americas SA ADR 853,477 8,534,771 Enel Chile SA 610,581 3,339,878 Enel Generacion Chile SA 685,982 534,183 # Enel Generacion Chile SA ADR 152,864 3,564,788 # Itau CorpBanca(45033E105) 30,902 448,079 Itau CorpBanca(BYT25P4) 277,662,082 2,632,233 Latam Airlines Group SA 8,686 102,047 Latam Airlines Group SA Sponsored ADR 634,556 7,443,342 SACI Falabella 724,788 6,696,082 Sociedad Quimica y Minera de Chile SA Sponsored ADR 153,936 6,328,309 ------------ TOTAL CHILE 83,838,802 ------------ CHINA -- (17.1%) #* 58.com, Inc. ADR 63,800 3,256,990 # AAC Technologies Holdings, Inc. 634,000 8,516,941 Agricultural Bank of China, Ltd. Class H 18,363,000 8,565,279 Air China, Ltd. Class H 2,890,000 2,606,399 * Alibaba Group Holding, Ltd. Sponsored ADR 649,851 100,694,412 #* Alibaba Pictures Group, Ltd. 8,470,000 1,430,755 * Aluminum Corp. of China, Ltd. ADR 107,180 1,693,444 * Aluminum Corp. of China, Ltd. Class H 650,000 407,239 # Angang Steel Co., Ltd. Class H 1,338,000 1,084,385 Anhui Conch Cement Co., Ltd. Class H 985,500 3,640,736 Anta Sports Products, Ltd. 1,125,000 3,856,852 AviChina Industry & Technology Co., Ltd. Class H 1,339,000 820,426 # BAIC Motor Corp., Ltd. Class H 1,528,000 1,373,670 * Baidu, Inc. Sponsored ADR 149,158 33,761,913 Bank of China, Ltd. Class H 52,494,181 25,817,294 Bank of Communications Co., Ltd. Class H 5,935,515 4,390,422 BBMG Corp. Class H 2,162,500 1,088,625 Beijing Capital International Airport Co., Ltd. Class H 1,756,000 2,763,633 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Beijing Enterprises Holdings, Ltd. 478,972 $ 2,541,924 Beijing Enterprises Water Group, Ltd. 4,292,000 3,561,443 # Brilliance China Automotive Holdings, Ltd. 1,616,000 4,088,509 # Byd Co., Ltd. Class H 547,386 3,406,914 BYD Electronic International Co., Ltd. 547,000 1,379,829 # Central China Securities Co., Ltd. Class H 580,000 263,860 CGN Power Co., Ltd. Class H 6,045,000 1,654,371 China Cinda Asset Management Co., Ltd. Class H 9,893,000 4,110,608 China CITIC Bank Corp., Ltd. Class H 6,509,928 4,219,657 # China Coal Energy Co., Ltd. Class H 2,695,777 1,330,686 China Communications Construction Co., Ltd. Class H 3,529,000 4,700,208 China Communications Services Corp., Ltd. Class H 2,194,000 1,191,714 China Construction Bank Corp. Class H 65,499,590 54,385,255 China Eastern Airlines Corp., Ltd. 2,200 60,830 China Eastern Airlines Corp., Ltd. Class H 1,734,000 955,530 China Everbright Bank Co., Ltd. Class H 3,311,000 1,605,377 China Everbright International, Ltd. 2,508,000 3,270,464 #* China Evergrande Group 6,791,000 18,887,037 China Galaxy Securities Co., Ltd. Class H 2,730,000 2,404,255 China Gas Holdings, Ltd. 1,904,000 4,605,514 # China Hongqiao Group, Ltd. 2,662,000 1,802,034 # China Huarong Asset Management Co., Ltd. Class H 2,830,000 1,155,360 China Huishan Dairy Holdings Co., Ltd. 2,888,000 2,888 China International Capital Corp., Ltd. Class H 223,200 355,138 # China International Marine Containers Group Co., Ltd. Class H 437,500 914,420 # China Life Insurance Co., Ltd. ADR 834,193 13,246,985 China Life Insurance Co., Ltd. Class H 65,000 205,430 China Longyuan Power Group Corp., Ltd. Class H 3,255,000 2,380,498 # China Medical System Holdings, Ltd. 530,000 904,151 China Mengniu Dairy Co., Ltd. 2,016,000 3,923,549 China Merchants Bank Co., Ltd. Class H 3,120,554 10,246,457 China Merchants Port Holdings Co., Ltd. 1,560,099 4,897,692 China Minsheng Banking Corp., Ltd. Class H 4,658,500 4,681,834 China Mobile, Ltd. 172,500 1,843,878 China Mobile, Ltd. Sponsored ADR 918,178 49,058,251 # China Molybdenum Co., Ltd. Class H 2,028,966 1,102,587 # China Oilfield Services, Ltd. Class H 1,632,000 1,390,461 China Overseas Land & Investment, Ltd. 5,600,000 18,971,614 China Pacific Insurance Group Co., Ltd. Class H 1,497,600 6,598,727 China Petroleum & Chemical Corp. ADR 132,615 10,103,914 China Petroleum & Chemical Corp. Class H 11,600,800 8,794,193 China Railway Construction Corp., Ltd. Class H 2,681,500 3,539,056 China Railway Group, Ltd. Class H 3,186,000 2,531,726 China Railway Signal & Communication Corp., Ltd. Class H 1,100,000 859,566 China Reinsurance Group Corp. Class H 97,000 22,707 China Resources Beer Holdings Co., Ltd. 1,613,611 4,074,523 # China Resources Gas Group, Ltd. 1,108,000 4,196,166 China Resources Land, Ltd. 3,234,666 10,379,743 China Resources Power Holdings Co., Ltd. 1,954,517 3,721,650 China Shenhua Energy Co., Ltd. Class H 2,188,000 5,442,477 China Southern Airlines Co., Ltd. Class H 2,638,000 2,007,949 China Southern Airlines Co., Ltd. Sponsored ADR 14,306 545,488 China State Construction International Holdings, Ltd. 2,066,000 3,333,283 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) China Taiping Insurance Holdings Co., Ltd. 1,440,506 $ 4,325,517 China Telecom Corp., Ltd. ADR 56,720 2,709,514 China Telecom Corp., Ltd. Class H 4,088,000 1,943,157 * China Unicom Hong Kong, Ltd. 4,706,000 6,820,506 * China Unicom Hong Kong, Ltd. ADR 574,180 8,371,544 China Vanke Co., Ltd. Class H 1,382,600 4,073,734 Chongqing Rural Commercial Bank Co., Ltd. Class H 4,350,000 3,205,117 CITIC Securities Co., Ltd. Class H 1,806,000 3,661,574 CITIC, Ltd. 4,059,000 6,167,163 CNOOC, Ltd. 463,000 518,219 CNOOC, Ltd. Sponsored ADR 115,920 13,035,204 * COSCO SHIPPING Development Co., Ltd. Class H 2,657,000 628,637 * COSCO SHIPPING Holdings Co., Ltd. Class H 1,437,000 891,219 COSCO SHIPPING Ports, Ltd. 1,041,312 1,273,716 # Country Garden Holdings Co., Ltd. 9,412,686 13,141,510 # CRRC Corp., Ltd. Class H 2,494,000 2,226,302 CSPC Pharmaceutical Group, Ltd. 4,882,000 7,607,743 CSSC Offshore and Marine Engineering Group Co., Ltd. Class H 118,000 203,065 #* Ctrip.com International, Ltd. ADR 203,112 12,131,880 # Dali Foods Group Co., Ltd. 240,500 144,995 Dalian Port PDA Co., Ltd. Class H 1,495,000 273,488 * Datang International Power Generation Co., Ltd. Class H 3,068,000 1,043,858 Dongfeng Motor Group Co., Ltd. Class H 3,050,000 3,733,073 ENN Energy Holdings, Ltd. 786,000 5,336,030 Everbright Securities Co., Ltd. Class H 61,600 83,527 # Fosun International, Ltd. 2,542,222 3,849,380 # Fullshare Holdings, Ltd. 4,900,000 1,957,043 Fuyao Glass Industry Group Co., Ltd. Class H 341,200 1,161,405 # Geely Automobile Holdings, Ltd. 4,750,000 10,968,361 GF Securities Co., Ltd. Class H 755,600 1,522,161 # Great Wall Motor Co., Ltd. Class H 3,764,500 4,821,448 Guangdong Investment, Ltd. 2,736,000 3,850,206 Guangshen Railway Co., Ltd. Class H 172,000 88,495 Guangshen Railway Co., Ltd. Sponsored ADR 27,717 713,990 Guangzhou Automobile Group Co., Ltd. Class H 974,259 2,093,590 Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H 98,000 258,263 Guangzhou R&F Properties Co., Ltd. Class H 2,458,800 4,389,966 Haier Electronics Group Co., Ltd. 1,403,000 3,612,695 Haitian International Holdings, Ltd. 530,000 1,518,313 Haitong Securities Co., Ltd. Class H 2,196,800 3,498,690 * Hanergy Thin Film Power Group, Ltd. 5,416,000 27,165 Hengan International Group Co., Ltd. 853,000 6,504,240 Huadian Power International Corp., Ltd. Class H 1,738,000 733,573 Huaneng Power International, Inc. Class H 1,598,000 1,126,420 # Huaneng Power International, Inc. Sponsored ADR 34,452 980,159 Huatai Securities Co., Ltd. Class H 933,000 1,872,006 Huishang Bank Corp., Ltd. Class H 960,000 467,099 Industrial & Commercial Bank of China, Ltd. Class H 58,306,185 40,741,854 * JD.com, Inc. ADR 307,146 13,873,785 Jiangsu Expressway Co., Ltd. Class H 1,356,000 1,967,384 Jiangxi Copper Co., Ltd. Class H 1,444,000 2,632,215 Kingboard Chemical Holdings, Ltd. 344,500 1,550,983 Kunlun Energy Co., Ltd. 6,128,000 6,108,863 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ CHINA -- (Continued) Lee & Man Paper Manufacturing, Ltd. 687,000 $ 731,622 Legend Holdings Corp. Class H 178,200 466,027 # Lenovo Group, Ltd. 10,021,278 6,198,630 Longfor Properties Co., Ltd. 2,266,500 5,688,004 * Maanshan Iron & Steel Co., Ltd. Class H 650,000 314,792 Metallurgical Corp. of China, Ltd. Class H 2,232,000 767,462 Minth Group, Ltd. 444,000 2,044,406 * Momo, Inc. Sponsored ADR 44,081 1,936,478 NetEase, Inc. ADR 73,351 22,832,699 New China Life Insurance Co., Ltd. Class H 449,400 2,896,323 * New Oriental Education & Technology Group, Inc. Sponsored ADR 72,905 5,807,612 Nine Dragons Paper Holdings, Ltd. 1,888,000 2,809,012 People's Insurance Co. Group of China, Ltd. (The) Class H 7,930,000 3,690,343 PetroChina Co., Ltd. ADR 125,562 8,112,561 PetroChina Co., Ltd. Class H 3,056,000 1,966,106 PICC Property & Casualty Co., Ltd. Class H 4,690,132 8,725,322 Ping An Insurance Group Co. of China, Ltd. Class H 4,622,500 34,216,268 #* Semiconductor Manufacturing International Corp. 4,567,100 5,006,397 * Semiconductor Manufacturing International Corp. ADR 15,278 84,487 #* Shanghai Electric Group Co., Ltd. Class H 1,866,000 866,478 Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H 292,500 1,070,572 Shanghai Pharmaceuticals Holding Co., Ltd. Class H 618,200 1,636,948 # Shengjing Bank Co., Ltd. Class H 244,500 217,647 Shenzhou International Group Holdings, Ltd. 574,000 3,834,403 Shimao Property Holdings, Ltd. 3,034,871 6,045,581 Sino Biopharmaceutical, Ltd. 5,247,000 4,632,215 Sinopec Engineering Group Co., Ltd. Class H 1,280,000 1,148,630 #* Sinopec Oilfield Service Corp. Class H 1,818,000 280,856 Sinopec Shanghai Petrochemical Co., Ltd. Class H 3,763,000 2,138,384 # Sinopec Shanghai Petrochemical Co., Ltd. Sponsored ADR 7,418 424,874 Sinopharm Group Co., Ltd. Class H 1,224,000 5,123,025 Sun Art Retail Group, Ltd. 3,039,500 2,475,066 # Sunac China Holdings, Ltd. 1,425,000 3,790,792 Sunny Optical Technology Group Co., Ltd. 536,000 6,369,794 TAL Education Group ADR 18,809 2,948,687 Tencent Holdings, Ltd. 4,551,400 181,664,408 Tingyi Cayman Islands Holding Corp. 2,860,000 3,641,624 Travelsky Technology, Ltd. Class H 725,000 1,919,708 Tsingtao Brewery Co., Ltd. Class H 256,000 1,096,790 * Vipshop Holdings, Ltd. ADR 414,458 5,097,833 # Want Want China Holdings, Ltd. 6,644,000 4,486,964 #* Weibo Corp. Sponsored ADR 15,192 1,169,024 Weichai Power Co., Ltd. Class H 3,416,800 3,288,524 # Xinjiang Goldwind Science & Technology Co., Ltd. Class H 520,520 591,750 Yanzhou Coal Mining Co., Ltd. Class H 718,000 706,283 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR 60,169 587,851 Zhejiang Expressway Co., Ltd. Class H 1,570,000 1,958,628 Zhuzhou CRRC Times Electric Co., Ltd. Class H 447,000 2,126,580 Zijin Mining Group Co., Ltd. Class H 7,523,000 2,728,038 Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H 1,589,400 808,943 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- -------------- CHINA -- (Continued) * ZTE Corp. Class H 401,685 $ 1,031,533 -------------- TOTAL CHINA 1,104,270,823 -------------- COLOMBIA -- (0.4%) Banco de Bogota SA 42,804 976,162 Bancolombia SA 331,749 3,399,551 Bancolombia SA Sponsored ADR 140,271 6,135,454 Cementos Argos SA 394,526 1,572,219 Ecopetrol SA 2,862,362 1,337,178 # Ecopetrol SA Sponsored ADR 220,479 2,059,274 Empresa de Energia de Bogota SA ESP 1,425,504 945,201 Grupo Argos SA 115,500 830,820 Grupo Aval Acciones y Valores SA 112,983 999,900 Grupo de Inversiones Suramericana SA 262,614 3,695,426 Grupo Nutresa SA 192,940 1,725,139 Interconexion Electrica SA ESP 609,290 2,791,263 -------------- TOTAL COLOMBIA 26,467,587 -------------- CZECH REPUBLIC -- (0.2%) CEZ A.S. 323,343 5,866,310 Komercni banka A.S. 73,792 3,179,132 O2 Czech Republic A.S. 70,083 896,389 Pegas Nonwovens SA 4,849 223,350 Philip Morris CR A.S. 712 491,048 Unipetrol A.S. 64,285 858,629 -------------- TOTAL CZECH REPUBLIC 11,514,858 -------------- EGYPT -- (0.1%) Commercial International Bank Egypt S.A.E. GDR(201712205) 142,858 660,004 # Commercial International Bank Egypt S.A.E. GDR(566828901) 1,400,823 6,474,695 Egyptian Financial Group-Hermes Holding Co. GDR(268425402) 22,886 58,359 Egyptian Financial Group-Hermes Holding Co. GDR(710232901) 13,986 35,695 -------------- TOTAL EGYPT 7,228,753 -------------- GREECE -- (0.2%) * Alpha Bank AE 105,217 252,236 * Eurobank Ergasias SA 331 362 * FF Group 29,722 712,090 Hellenic Petroleum SA 112,224 1,037,645 Hellenic Telecommunications Organization SA 340,319 4,339,714 JUMBO SA 168,373 2,819,617 Motor Oil Hellas Corinth Refineries SA 96,253 2,167,212 * National Bank of Greece SA 128,189 51,822 OPAP SA 278,698 3,206,923 * Piraeus Bank SA 20,676 5,678 Titan Cement Co. SA 61,385 1,709,841 -------------- TOTAL GREECE 16,303,140 -------------- HUNGARY -- (0.4%) MOL Hungarian Oil & Gas P.L.C. 143,126 12,404,188 OTP Bank P.L.C. 362,066 13,473,883 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ----------- HUNGARY -- (Continued) Richter Gedeon Nyrt 142,758 $ 3,652,363 ----------- TOTAL HUNGARY 29,530,434 ----------- INDIA -- (12.1%) ABB India, Ltd. 33,317 738,790 ACC, Ltd. 64,891 1,754,854 Adani Ports & Special Economic Zone, Ltd. 932,153 5,763,690 * Aditya Birla Capital, Ltd. 324,352 782,980 * Aditya Birla Fashion and Retail, Ltd. 569,103 1,534,655 Alkem Laboratories, Ltd. 5,463 155,069 Ambuja Cements, Ltd. 1,026,686 4,209,339 * Apollo Hospitals Enterprise, Ltd. 68,140 1,336,729 Ashok Leyland, Ltd. 2,650,291 4,508,475 Asian Paints, Ltd. 474,671 8,611,685 Aurobindo Pharma, Ltd. 625,132 7,001,388 Axis Bank, Ltd. 1,931,135 15,667,245 Bajaj Auto, Ltd. 143,428 6,285,281 Bajaj Finance, Ltd. 382,190 10,155,357 Bajaj Finserv, Ltd. 70,539 5,501,683 Bajaj Holdings & Investment, Ltd. 55,103 2,078,075 Balkrishna Industries, Ltd. 8,407 214,203 Bank of Baroda 910,704 2,359,624 * Bank of India 63,756 164,938 Berger Paints India, Ltd. 344,368 1,331,356 Bharat Electronics, Ltd. 619,264 1,728,132 Bharat Forge, Ltd. 225,753 4,037,706 Bharat Heavy Electricals, Ltd. 1,292,097 2,916,457 Bharat Petroleum Corp., Ltd. 794,100 5,829,543 Bharti Airtel, Ltd. 1,665,743 10,900,114 Bharti Infratel, Ltd. 770,553 4,806,173 Biocon, Ltd. 82,285 494,691 Bosch, Ltd. 8,153 3,077,133 Britannia Industries, Ltd. 26,712 1,621,728 Cadila Healthcare, Ltd. 362,605 3,075,652 Canara Bank 183,897 1,053,634 Castrol India, Ltd. 123,940 774,317 Cholamandalam Investment and Finance Co., Ltd. 42,688 798,285 Cipla, Ltd. 532,515 4,665,491 Coal India, Ltd. 547,750 2,131,522 Colgate-Palmolive India, Ltd. 142,544 2,401,311 Container Corp. Of India, Ltd. 68,913 1,227,701 CRISIL, Ltd. 7,945 229,826 Cummins India, Ltd. 94,559 1,454,981 Dabur India, Ltd. 743,476 3,581,125 * Dalmia Bharat, Ltd. 18,056 748,766 * Divi's Laboratories, Ltd. 77,507 812,783 * DLF, Ltd. 648,136 1,948,886 Dr Reddy's Laboratories, Ltd. 71,015 2,627,909 # Dr Reddy's Laboratories, Ltd. ADR 148,465 5,432,334 Edelweiss Financial Services, Ltd. 379,112 1,208,876 Eicher Motors, Ltd. 20,610 9,683,614 Emami, Ltd. 90,332 1,563,754 Exide Industries, Ltd. 296,450 1,005,227 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Federal Bank, Ltd. 1,158,004 $ 2,083,393 * Future Retail, Ltd. 11,047 69,477 GAIL India, Ltd. 730,151 4,283,310 GAIL India, Ltd. GDR 38,388 1,346,024 GlaxoSmithKline Consumer Healthcare, Ltd. 13,647 1,164,565 GlaxoSmithKline Pharmaceuticals, Ltd. 13,217 492,720 Glenmark Pharmaceuticals, Ltd. 302,977 3,287,969 Godrej Consumer Products, Ltd. 337,726 5,458,969 * Godrej Industries, Ltd. 33,369 345,042 Grasim Industries, Ltd. 231,681 3,858,798 Gruh Finance, Ltd. 45,862 356,873 Havells India, Ltd. 344,882 2,542,138 HCL Technologies, Ltd. 1,037,065 14,411,679 HDFC Bank, Ltd. 1,441,144 40,037,570 Hero MotoCorp, Ltd. 126,441 7,208,593 Hindalco Industries, Ltd. 2,059,572 7,064,693 Hindustan Petroleum Corp., Ltd. 939,293 5,604,332 Hindustan Unilever, Ltd. 1,148,145 20,766,873 Housing Development Finance Corp., Ltd. 1,434,097 39,960,205 ICICI Bank, Ltd. 1,639,695 7,720,909 ICICI Bank, Ltd. Sponsored ADR 1,147,735 10,685,408 Idea Cellular, Ltd. 4,367,242 6,279,102 IDFC Bank, Ltd. 1,688,407 1,567,980 IIFL Holdings, Ltd. 45,190 419,438 Indiabulls Housing Finance, Ltd. 699,664 12,834,376 Indian Oil Corp., Ltd. 1,226,715 7,010,231 IndusInd Bank, Ltd. 295,323 7,546,131 Infosys, Ltd. 1,886,232 29,757,801 # Infosys, Ltd. Sponsored ADR 847,888 13,396,630 ITC, Ltd. 4,896,443 21,757,491 JSW Steel, Ltd. 3,656,090 12,595,585 Kansai Nerolac Paints, Ltd. 15,295 108,225 Kotak Mahindra Bank, Ltd. 653,023 10,416,025 L&T Finance Holdings, Ltd. 584,335 1,592,544 Larsen & Toubro, Ltd. 544,770 10,131,910 LIC Housing Finance, Ltd. 790,530 8,487,993 Lupin, Ltd. 355,461 5,712,879 Mahindra & Mahindra Financial Services, Ltd. 315,471 1,969,759 Mahindra & Mahindra, Ltd. 553,359 12,124,633 * Mangalore Refinery & Petrochemicals, Ltd. 193,197 372,614 Marico, Ltd. 748,884 3,888,618 Maruti Suzuki India, Ltd. 138,331 16,697,552 Max Financial Services, Ltd. 20,666 196,178 * MAX India, Ltd. 3,433 7,999 * Motherson Sumi Systems, Ltd. 858,513 4,351,463 Motilal Oswal Financial Services, Ltd. 14,147 235,265 MRF, Ltd. 2,969 3,196,904 Muthoot Finance, Ltd. 120,995 894,497 NBCC India, Ltd. 49,733 162,085 Nestle India, Ltd. 37,106 3,912,883 NHPC, Ltd. 2,269,230 1,074,963 NTPC, Ltd. 1,672,358 4,277,250 Oil & Natural Gas Corp., Ltd. 1,483,958 3,909,618 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ INDIA -- (Continued) Oil India, Ltd. 281,395 $ 1,276,326 Oracle Financial Services Software, Ltd. 27,493 1,560,463 Page Industries, Ltd. 1,932 494,308 Petronet LNG, Ltd. 970,492 3,067,592 Pidilite Industries, Ltd. 196,824 2,433,413 Piramal Enterprises, Ltd. 115,727 5,327,843 Power Finance Corp., Ltd. 1,718,481 3,333,583 Power Grid Corp. of India, Ltd. 1,642,007 5,705,007 Procter & Gamble Hygiene & Health Care, Ltd. 10,286 1,290,615 * Punjab National Bank 749,199 1,898,299 Rajesh Exports, Ltd. 106,916 1,186,423 Ramco Cements, Ltd. (The) 31,600 335,057 Reliance Capital, Ltd. 160,610 1,806,173 Reliance Industries, Ltd. 1,625,226 40,917,961 Rural Electrification Corp., Ltd. 1,845,902 5,029,145 Shree Cement, Ltd. 10,928 3,194,700 Shriram City Union Finance, Ltd. 1,315 46,871 Shriram Transport Finance Co., Ltd. 254,630 4,063,908 Siemens, Ltd. 61,888 1,397,265 State Bank of India 1,858,229 9,057,401 * Steel Authority of India, Ltd. 790,530 779,616 Sun Pharmaceutical Industries, Ltd. 1,256,320 10,384,966 Sun TV Network, Ltd. 204,506 2,493,550 Sundaram Finance, Ltd. 16,417 430,496 Tata Communications, Ltd. 42,596 445,885 Tata Consultancy Services, Ltd. 702,461 27,314,152 * Tata Motors, Ltd. 1,650,833 11,435,739 Tata Motors, Ltd. Sponsored ADR 41,094 1,415,277 Tata Power Co., Ltd. (The) 2,105,165 2,691,080 Tata Steel, Ltd. 1,014,947 8,978,885 Tech Mahindra, Ltd. 966,990 5,801,796 Titan Co., Ltd. 329,228 2,790,815 Torrent Pharmaceuticals, Ltd. 94,358 1,933,499 TVS Motor Co., Ltd. 128,027 1,161,145 Ultratech Cement, Ltd. 84,266 5,337,752 United Breweries, Ltd. 96,720 1,228,842 * United Spirits, Ltd. 58,173 2,297,669 UPL, Ltd. 812,040 11,069,805 Vakrangee, Ltd. 120,081 824,705 Vedanta, Ltd. 3,767,158 16,410,714 Vedanta, Ltd. ADR 42,052 740,115 Voltas, Ltd. 85,600 673,433 Wipro, Ltd. 1,757,751 7,910,878 Yes Bank, Ltd. 342,375 9,669,282 Zee Entertainment Enterprises, Ltd. 719,876 6,060,039 ------------ TOTAL INDIA 781,331,737 ------------ INDONESIA -- (2.8%) Adaro Energy Tbk PT 48,343,700 6,474,604 AKR Corporindo Tbk PT 1,156,700 599,001 Astra Agro Lestari Tbk PT 1,205,244 1,331,830 Astra International Tbk PT 26,037,410 15,579,392 Bank Central Asia Tbk PT 15,250,200 21,411,992 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ INDONESIA -- (Continued) Bank Danamon Indonesia Tbk PT 5,897,479 $ 2,521,871 Bank Mandiri Persero Tbk PT 12,952,817 13,258,217 Bank Negara Indonesia Persero Tbk PT 14,471,622 8,085,501 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 2,117,700 328,964 Bank Rakyat Indonesia Persero Tbk PT 15,742,100 17,441,788 Bank Tabungan Negara Persero Tbk PT 1,065,100 207,818 * Bayan Resources Tbk PT 79,500 38,710 Bumi Serpong Damai Tbk PT 15,448,500 2,074,997 Charoen Pokphand Indonesia Tbk PT 11,188,600 2,240,741 Ciputra Development Tbk PT 4,712,046 366,045 Gudang Garam Tbk PT 698,400 3,990,318 Indocement Tunggal Prakarsa Tbk PT 2,000,200 2,625,546 Indofood CBP Sukses Makmur Tbk PT 3,456,800 2,165,707 Indofood Sukses Makmur Tbk PT 12,979,900 8,157,944 Indosat Tbk PT 1,720,800 839,532 Jasa Marga Persero Tbk PT 3,871,113 1,699,588 Kalbe Farma Tbk PT 30,284,700 3,941,384 Matahari Department Store Tbk PT 2,898,700 2,755,808 Mayora Indah Tbk PT 20,976,125 2,921,189 Media Nusantara Citra Tbk PT 12,079,200 1,630,826 Mitra Keluarga Karyasehat Tbk PT 2,009,000 337,708 Pakuwon Jati Tbk PT 54,054,100 2,879,337 Perusahaan Gas Negara Persero Tbk 13,675,600 2,309,152 Semen Baturaja Persero Tbk PT 1,091,000 270,217 Semen Indonesia Persero Tbk PT 6,626,300 4,945,812 Sinar Mas Agro Resources & Technology Tbk PT 1,116,500 319,368 Summarecon Agung Tbk PT 3,638,600 267,519 Surya Citra Media Tbk PT 10,406,100 1,843,041 Tambang Batubara Bukit Asam Persero Tbk PT 746,600 733,904 Telekomunikasi Indonesia Persero Tbk PT 39,175,700 13,769,035 # Telekomunikasi Indonesia Persero Tbk PT Sponsored ADR 196,768 6,892,783 Tower Bersama Infrastructure Tbk PT 2,252,100 1,139,373 Unilever Indonesia Tbk PT 2,121,800 7,792,239 United Tractors Tbk PT 4,893,796 11,049,735 Waskita Karya Persero Tbk PT 11,346,679 2,034,808 * XL Axiata Tbk PT 9,228,500 2,327,446 ------------ TOTAL INDONESIA 181,600,790 ------------ MALAYSIA -- (2.9%) Affin Holdings Bhd 804,100 482,664 AirAsia Bhd 5,509,100 4,153,663 Alliance Financial Group Bhd 1,073,400 985,548 AMMB Holdings Bhd 4,711,559 5,444,951 Astro Malaysia Holdings Bhd 2,488,700 1,499,288 # Axiata Group Bhd 3,971,711 4,294,862 Batu Kawan Bhd 105,400 467,680 BIMB Holdings Bhd 1,182,855 1,204,236 Boustead Holdings Bhd 264,800 166,296 British American Tobacco Malaysia Bhd 217,500 2,234,230 CIMB Group Holdings Bhd 5,710,010 8,733,711 Dialog Group Bhd 2,910,618 1,312,106 # DiGi.Com Bhd 5,805,020 6,507,246 # Felda Global Ventures Holdings Bhd 379,100 144,361 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ MALAYSIA -- (Continued) Fraser & Neave Holdings Bhd 1,400 $ 8,140 Gamuda Bhd 2,521,600 3,120,989 # Genting Bhd 5,555,700 12,612,591 Genting Malaysia Bhd 3,837,600 5,372,701 Genting Plantations Bhd 325,000 813,468 # HAP Seng Consolidated Bhd 1,066,700 2,264,239 Hartalega Holdings Bhd 1,106,800 1,828,169 Hong Leong Bank Bhd 973,566 3,569,017 Hong Leong Financial Group Bhd 744,483 2,977,148 IHH Healthcare Bhd 2,131,400 2,938,402 IJM Corp. Bhd 6,118,462 4,958,026 IOI Corp. Bhd 4,711,405 4,916,947 IOI Properties Group Bhd 3,052,429 1,496,927 Kuala Lumpur Kepong Bhd 453,300 2,624,869 Lafarge Malaysia Bhd 251,580 335,709 Malayan Banking Bhd 5,529,251 12,320,239 Malaysia Airports Holdings Bhd 1,492,441 3,049,069 Malaysia Building Society Bhd 392,900 112,835 # Maxis Bhd 2,881,400 3,802,780 MISC Bhd 1,958,998 3,378,961 # MMC Corp. Bhd 1,919,700 1,075,338 My EG Services Bhd 2,459,700 1,240,496 Petronas Chemicals Group Bhd 3,567,800 5,796,162 Petronas Dagangan Bhd 345,500 1,919,118 # Petronas Gas Bhd 890,500 3,896,570 PPB Group Bhd 900,800 3,546,057 Press Metal Aluminium Holdings Bhd 1,627,000 1,083,020 Public Bank Bhd 3,537,614 16,757,371 QL Resources Bhd 303,900 354,102 RHB Bank Bhd 1,537,905 1,796,069 Sapura Energy Bhd 12,144,100 4,369,556 # Sime Darby Bhd 3,740,861 8,256,420 # SP Setia Bhd Group 1,181,789 913,507 Sunway Bhd 1,154,411 1,153,884 Telekom Malaysia Bhd 1,435,664 2,133,495 Tenaga Nasional Bhd 4,375,250 14,425,369 Top Glove Corp. Bhd 725,400 972,141 * UMW Holdings Bhd 1,450,166 1,974,637 * UMW Oil & Gas Corp. Bhd 1,513,250 106,067 United Plantations Bhd 49,700 321,161 Westports Holdings Bhd 1,509,000 1,314,484 YTL Corp. Bhd 16,425,686 5,369,801 YTL Power International Bhd 3,177,547 1,038,793 ------------ TOTAL MALAYSIA 189,945,686 ------------ MEXICO -- (4.6%) # Alfa S.A.B. de C.V. Class A 9,029,144 12,532,518 # America Movil S.A.B. de C.V. Series L 46,329,297 40,935,815 America Movil S.A.B. de C.V. Series L ADR 22,528 398,295 # Arca Continental S.A.B. de C.V. 777,376 5,779,285 * Cemex S.A.B. de C.V. 14,683,012 14,186,087 * Cemex S.A.B. de C.V. Sponsored ADR 1,766,143 17,149,244 Coca-Cola Femsa S.A.B. de C.V. Series L 466,386 3,969,226 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ MEXICO -- (Continued) Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR 33,045 $ 2,808,164 * Corp Interamericana de Entretenimiento S.A.B. de C.V. Class B 8,719 8,301 # El Puerto de Liverpool S.A.B. de C.V. Class C1 209,946 1,886,890 Fomento Economico Mexicano S.A.B. de C.V. 1,793,669 18,086,309 Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR 39,796 4,014,621 Gruma S.A.B. de C.V. Class B 541,859 7,471,125 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR 15,027 1,722,094 Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B 404,642 4,629,545 # Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR 32,867 6,985,881 # Grupo Bimbo S.A.B. de C.V. Series A 2,572,025 6,468,168 Grupo Carso S.A.B. de C.V. Series A1 936,360 3,911,121 # Grupo Elektra S.A.B. de C.V. 102,016 4,559,303 Grupo Financiero Banorte S.A.B. de C.V. Class O 3,567,329 23,643,261 # Grupo Financiero Inbursa S.A.B. de C.V. Class O 4,182,018 7,514,830 # Grupo Financiero Santander Mexico S.A.B. de C.V. Class B 3,424,043 7,022,149 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B ADR 64,027 656,917 # Grupo Lala S.A.B. de C.V. 1,047,970 2,061,503 Grupo Mexico S.A.B. de C.V. Series B 6,058,822 19,722,440 # Grupo Televisa S.A.B. Series CPO 3,594,377 19,172,703 Grupo Televisa S.A.B. Sponsored ADR 183,843 4,893,901 #* Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V. 2,356,616 4,500,769 Industrias Penoles S.A.B. de C.V. 321,629 7,895,064 Infraestructura Energetica Nova S.A.B. de C.V. 850,882 4,817,801 # Kimberly-Clark de Mexico S.A.B. de C.V. Class A 2,348,560 4,722,845 * La Comer S.A.B. de C.V. 270,248 274,005 Megacable Holdings S.A.B. de C.V. 115,969 480,878 Mexichem S.A.B. de C.V. 2,912,535 8,311,011 Nemak S.A.B. de C.V. 150,100 135,408 * Organizacion Soriana S.A.B. de C.V. Class B 1,102,476 2,730,412 Promotora y Operadora de Infraestructura S.A.B. de C.V. 404,964 4,442,832 Promotora y Operadora de Infraestructura S.A.B. de C.V. 3,236 27,926 Wal-Mart de Mexico S.A.B. de C.V. 7,054,235 16,325,487 ------------ TOTAL MEXICO 296,854,134 ------------ PERU -- (0.3%) Cementos Pacasmayo SAA ADR 11,959 137,651 Cia de Minas Buenaventura SAA ADR 139,674 1,709,610 Credicorp, Ltd. 78,885 14,604,769 * Grana y Montero SAA Sponsored ADR 99,446 317,233 ------------ TOTAL PERU 16,769,263 ------------ PHILIPPINES -- (1.4%) Aboitiz Equity Ventures, Inc. 2,259,870 3,402,252 Aboitiz Power Corp. 2,462,500 1,902,664 Alliance Global Group, Inc. 7,740,000 2,201,996 Ayala Corp. 284,537 4,874,655 Ayala Land, Inc. 9,207,218 7,662,769 Bank of the Philippine Islands 1,128,563 2,338,582 BDO Unibank, Inc. 2,705,832 6,747,400 DMCI Holdings, Inc. 10,645,700 3,395,701 * DoubleDragon Properties Corp. 297,600 271,321 Emperador, Inc. 1,850,900 274,663 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- PHILIPPINES -- (Continued) Energy Development Corp. 24,538,700 $ 2,903,185 Globe Telecom, Inc. 58,490 2,453,823 GT Capital Holdings, Inc. 138,545 3,331,767 International Container Terminal Services, Inc. 1,287,400 2,724,388 JG Summit Holdings, Inc. 2,155,960 3,396,115 Jollibee Foods Corp. 695,840 3,100,619 LT Group, Inc. 4,700,000 1,640,103 Manila Electric Co. 387,830 2,144,563 Megaworld Corp. 23,849,800 2,268,625 Metro Pacific Investments Corp. 23,790,000 3,200,440 Metropolitan Bank & Trust Co. 1,097,655 1,892,955 Philippine National Bank 168,558 223,780 PLDT, Inc. 87,155 2,827,657 PLDT, Inc. Sponsored ADR 59,031 1,916,737 Puregold Price Club, Inc. 1,565,500 1,461,802 Robinsons Land Corp. 3,988,000 2,031,936 Robinsons Retail Holdings, Inc. 557,560 957,566 San Miguel Corp. 1,374,390 2,766,789 Security Bank Corp. 174,300 808,069 Semirara Mining & Power Corp. 529,000 1,776,999 SM Investments Corp. 282,933 4,524,629 SM Prime Holdings, Inc. 8,486,110 5,871,972 * Top Frontier Investment Holdings, Inc. 42,789 258,626 Universal Robina Corp. 1,282,840 4,091,934 ----------- TOTAL PHILIPPINES 91,647,082 ----------- POLAND -- (1.8%) * Alior Bank SA 158,755 2,828,084 * AmRest Holdings SE 344 35,371 Bank Handlowy w Warszawie SA 44,679 882,696 * Bank Millennium SA 1,242,022 2,665,498 Bank Pekao SA 175,296 6,228,618 # Bank Zachodni WBK SA 50,450 5,326,596 Budimex SA 1,258 77,380 CCC SA 36,838 2,500,396 CD Projekt SA 65,836 1,584,003 # Cyfrowy Polsat SA 393,451 2,804,587 Enea SA 75,811 319,566 Grupa Azoty SA 83,448 1,632,143 * Grupa Lotos SA 352,784 4,766,981 * ING Bank Slaski SA 39,956 2,196,871 * Jastrzebska Spolka Weglowa SA 77,126 1,775,552 Kernel Holding SA 2,130 37,685 KGHM Polska Miedz SA 405,674 13,801,565 KRUK SA 1,152 110,188 # LPP SA 1,669 3,252,714 * mBank SA 28,239 3,572,074 #* Orange Polska SA 1,116,971 1,693,908 # PGE Polska Grupa Energetyczna SA 2,683,831 9,780,365 Polski Koncern Naftowy Orlen SA 649,675 19,235,189 Polskie Gornictwo Naftowe i Gazownictwo SA 2,283,734 4,244,449 * Powszechna Kasa Oszczednosci Bank Polski SA 964,323 9,873,171 Powszechny Zaklad Ubezpieczen SA 808,411 9,958,203 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ------------ POLAND -- (Continued) Synthos SA 889,961 $ 1,099,055 * Tauron Polska Energia SA 2,675,765 2,835,745 ------------ TOTAL POLAND 115,118,653 ------------ RUSSIA -- (1.5%) Gazprom PJSC Sponsored ADR 4,058,530 15,798,761 * Lenta, Ltd. GDR(BJ621Y903) 30,830 185,078 * Lenta, Ltd. GDR(52634T200) 30,638 183,828 Lukoil PJSC Sponsored ADR 257,005 11,975,210 Magnitogorsk Iron & Steel Works PJSC Sponsored GDR 197,103 1,467,305 * Mail.Ru Group, Ltd. GDR 35,553 981,618 MegaFon PJSC GDR 139,778 1,341,751 MMC Norilsk Nickel PJSC ADR 406,377 6,030,471 Novatek PJSC GDR 61,847 6,479,799 Novolipetsk Steel PJSC GDR 123,601 2,582,451 PhosAgro PJSC GDR 76,363 1,047,644 Rosneft Oil Co. PJSC GDR 833,683 4,281,862 Rostelecom PJSC Sponsored ADR(778529107) 10,732 69,490 Rostelecom PJSC Sponsored ADR(B114RM901) 78,867 519,447 RusHydro PJSC ADR(BYZ5W4903) 1,329,772 1,662,272 RusHydro PJSC ADR(782183404) 12,131 14,679 Sberbank of Russia PJSC Sponsored ADR 1,818,206 21,168,796 Severstal PJSC GDR 216,701 2,978,118 Tatneft PJSC Sponsored ADR 221,078 8,524,942 VEON, Ltd. 221,245 904,892 VTB Bank PJSC GDR(46630Q202) 1,187,555 2,291,981 VTB Bank PJSC GDR(B1W7FX909) 1,358,280 2,621,050 * X5 Retail Group NV GDR 68,066 2,632,793 ------------ TOTAL RUSSIA 95,744,238 ------------ SOUTH AFRICA -- (7.3%) * Anglo American Platinum, Ltd. 121,432 2,973,681 # AngloGold Ashanti, Ltd. Sponsored ADR 1,637,102 16,403,762 Aspen Pharmacare Holdings, Ltd. 590,924 12,385,605 AVI, Ltd. 357,914 2,661,839 # Barclays Africa Group, Ltd. 1,307,023 14,348,372 Bid Corp., Ltd. 778,465 18,695,531 Bidvest Group, Ltd. (The) 778,465 9,909,570 #* Brait SE 480,649 2,292,877 Capitec Bank Holdings, Ltd. 88,443 5,769,420 Clicks Group, Ltd. 158,229 1,794,037 Discovery, Ltd. 779,542 8,298,169 Distell Group, Ltd. 65,088 717,436 Exxaro Resources, Ltd. 129,148 1,066,438 FirstRand, Ltd. 4,730,180 18,606,207 Foschini Group, Ltd. (The) 86,582 996,692 # Gold Fields, Ltd. Sponsored ADR 3,199,992 12,767,968 * Impala Platinum Holdings, Ltd. 613,363 1,637,685 # Imperial Holdings, Ltd. 553,491 7,310,999 # Investec, Ltd. 897,309 6,715,545 #* Kumba Iron Ore, Ltd. 164,394 2,453,744 Liberty Holdings, Ltd. 368,855 3,164,442 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- ------------ SOUTH AFRICA -- (Continued) Life Healthcare Group Holdings, Ltd. 3,416,803 $ 6,566,792 MMI Holdings, Ltd. 3,291,947 5,163,225 Mondi, Ltd. 279,338 7,252,323 Mr. Price Group, Ltd. 545,010 7,162,319 MTN Group, Ltd. 3,193,862 28,718,621 Naspers, Ltd. Class N 407,281 90,031,252 # Nedbank Group, Ltd. 717,090 11,926,986 * NEPI Rockcastle P.L.C. 213,857 2,848,722 Netcare, Ltd. 2,630,152 4,894,657 # Pick n Pay Stores, Ltd. 261,842 1,260,243 Pioneer Foods Group, Ltd. 239,873 2,548,485 PSG Group, Ltd. 161,662 3,173,496 Sanlam, Ltd. 2,999,830 15,108,759 Sappi, Ltd. 1,561,967 10,346,582 Sasol, Ltd. 130,693 3,939,349 Sasol, Ltd. Sponsored ADR 778,314 23,458,384 # Shoprite Holdings, Ltd. 951,195 14,553,149 Sibanye Gold, Ltd. 905,997 1,156,406 SPAR Group, Ltd. (The) 284,382 3,564,467 Standard Bank Group, Ltd. 2,023,352 25,135,661 # Steinhoff International Holdings NV 3,638,070 18,204,777 Telkom SA SOC, Ltd. 939,537 4,637,519 Tiger Brands, Ltd. 296,871 9,000,917 # Truworths International, Ltd. 870,567 4,994,269 Vodacom Group, Ltd. 613,585 8,291,224 Woolworths Holdings, Ltd. 2,021,501 9,661,369 ------------ TOTAL SOUTH AFRICA 474,569,972 ------------ SOUTH KOREA -- (16.6%) Amorepacific Corp. 43,151 10,932,875 # AMOREPACIFIC Group 41,154 4,466,870 BGF retail Co., Ltd. 28,606 2,360,799 BNK Financial Group, Inc. 552,864 5,586,443 #* Celltrion, Inc. 71,936 6,971,808 Cheil Worldwide, Inc. 73,456 1,335,754 # CJ CGV Co., Ltd. 18,162 1,124,880 # CJ CheilJedang Corp. 21,206 7,008,822 # CJ Corp. 34,729 6,019,919 CJ E&M Corp. 31,220 2,082,932 #* CJ Korea Express Corp. 10,366 1,726,838 CJ O Shopping Co., Ltd. 2,962 526,353 Com2uSCorp 12,702 1,301,438 Cosmax, Inc. 10,530 972,621 Coway Co., Ltd. 76,728 6,792,885 # Cuckoo Electronics Co., Ltd. 2,015 253,118 Daelim Industrial Co., Ltd. 49,686 4,071,633 * Daewoo Engineering & Construction Co., Ltd. 133,508 977,830 * Daewoo Shipbuilding & Marine Engineering Co., Ltd. 165,407 124,161 DGB Financial Group, Inc. 291,287 3,111,711 Dongbu Insurance Co., Ltd. 135,206 9,677,078 # Dongkuk Steel Mill Co., Ltd. 50,693 649,862 Dongsuh Cos., Inc. 23,739 626,997 # Dongwon Systems Corp. 4,834 229,834 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) Doosan Corp. 21,369 $ 2,253,178 # Doosan Heavy Industries & Construction Co., Ltd. 154,219 2,839,439 #* Doosan Infracore Co., Ltd. 390,194 2,807,981 E-MART, Inc. 35,026 7,951,219 Grand Korea Leisure Co., Ltd. 38,572 791,604 # Green Cross Corp. 4,303 707,628 Green Cross Holdings Corp. 18,294 536,329 #* GS Engineering & Construction Corp. 87,718 2,494,329 GS Holdings Corp. 180,713 12,181,336 GS Home Shopping, Inc. 4,396 924,447 GS Retail Co., Ltd. 24,957 1,079,049 Hana Financial Group, Inc. 457,852 20,890,481 Hankook Tire Co., Ltd. 170,001 9,500,147 #* Hanmi Pharm Co., Ltd. 7,664 2,519,412 #* Hanmi Science Co., Ltd. 14,080 1,047,939 Hanon Systems 260,091 2,380,457 Hanssem Co., Ltd. 15,299 2,405,890 Hanwha Chemical Corp. 222,590 6,709,192 Hanwha Corp. 160,059 7,000,709 # Hanwha Life Insurance Co., Ltd. 474,154 3,199,263 #* Hanwha Techwin Co., Ltd. 54,195 1,934,212 Hite Jinro Co., Ltd. 52,663 1,127,037 Hotel Shilla Co., Ltd. 38,111 2,210,330 * Hugel, Inc. 2,805 1,456,983 Hyosung Corp. 52,858 7,912,858 * Hyundai Construction Equipment Co., Ltd. 3,388 1,109,684 Hyundai Department Store Co., Ltd. 35,263 3,498,412 Hyundai Development Co-Engineering & Construction 105,341 4,012,564 * Hyundai Electric & Energy System Co., Ltd. 3,507 1,015,507 Hyundai Elevator Co., Ltd. 10,664 511,625 Hyundai Engineering & Construction Co., Ltd. 144,116 5,828,407 Hyundai Glovis Co., Ltd. 30,033 4,214,139 Hyundai Greenfood Co., Ltd. 63,538 1,037,899 * Hyundai Heavy Industries Co., Ltd. 50,890 7,929,425 Hyundai Home Shopping Network Corp. 8,843 1,089,981 Hyundai Marine & Fire Insurance Co., Ltd. 184,449 7,483,299 * Hyundai Merchant Marine Co., Ltd. 29,619 206,171 #* Hyundai Mipo Dockyard Co., Ltd. 19,275 1,850,232 Hyundai Mobis Co., Ltd. 74,326 16,334,410 Hyundai Motor Co. 181,576 23,506,036 * Hyundai Robotics Co., Ltd. 11,383 4,480,631 * Hyundai Rotem Co., Ltd. 34,242 573,670 Hyundai Steel Co. 184,545 10,332,054 # Hyundai Wia Corp. 36,324 2,240,322 Iljin Materials Co., Ltd. 7,706 257,945 Industrial Bank of Korea 468,370 6,470,103 Innocean Worldwide, Inc. 3,114 190,010 IS Dongseo Co., Ltd. 27,962 1,037,147 Jeil Pharma Holdings, Inc. 943 41,140 #* Jeil Pharmaceutical Co., Ltd. 2,282 146,416 Kakao Corp. 20,448 2,190,340 Kangwon Land, Inc. 102,333 3,384,383 KB Financial Group, Inc. 390,932 20,785,909 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ------- ----------- SOUTH KOREA -- (Continued) KB Financial Group, Inc. ADR 91,300 $ 4,857,160 KCC Corp. 10,411 4,057,486 KEPCO Plant Service & Engineering Co., Ltd. 27,560 1,108,140 Kia Motors Corp. 533,819 17,443,486 KIWOOM Securities Co., Ltd. 19,503 1,480,253 Kolon Industries, Inc. 33,244 1,951,271 #* Komipharm International Co., Ltd. 25,551 924,949 # Korea Aerospace Industries, Ltd. 98,940 4,576,595 Korea Electric Power Corp. 220,479 8,790,066 Korea Electric Power Corp. Sponsored ADR 105,511 2,117,606 * Korea Gas Corp. 44,931 2,015,456 Korea Investment Holdings Co., Ltd. 65,303 4,155,083 # Korea Kolmar Co., Ltd. 18,540 1,176,187 Korea Petrochemical Ind Co., Ltd. 8,191 1,889,349 Korea Zinc Co., Ltd. 13,592 5,992,135 * Korean Air Lines Co., Ltd. 122,152 3,879,002 Korean Reinsurance Co. 150,867 1,739,213 # KT Corp. Sponsored ADR 95,200 1,731,688 KT&G Corp. 132,438 13,489,959 # Kumho Petrochemical Co., Ltd. 32,149 2,167,319 #* Kumho Tire Co., Inc. 212,069 1,430,163 LG Chem, Ltd. 46,976 13,772,226 LG Corp. 112,554 7,582,493 LG Display Co., Ltd. 424,682 11,983,512 # LG Display Co., Ltd. ADR 808,137 11,499,789 # LG Electronics, Inc. 183,420 10,995,040 LG Household & Health Care, Ltd. 13,222 11,708,654 LG Innotek Co., Ltd. 19,841 2,657,006 LG International Corp. 23,266 611,244 LG Uplus Corp. 500,375 7,438,739 # LIG Nex1 Co., Ltd. 9,331 682,747 # Loen Entertainment, Inc. 7,273 582,439 Lotte Chemical Corp. 37,059 12,201,139 Lotte Chilsung Beverage Co., Ltd. 980 1,413,800 Lotte Confectionery Co., Ltd. 7,577 1,378,062 LOTTE Himart Co., Ltd. 14,752 917,484 Lotte Shopping Co., Ltd. 20,357 4,781,816 LS Corp. 29,652 2,228,914 LS Industrial Systems Co., Ltd. 25,409 1,311,345 # Macquarie Korea Infrastructure Fund 527,913 3,986,356 # Mando Corp. 18,921 4,337,657 # Medy-Tox, Inc. 5,775 3,050,002 Meritz Financial Group, Inc. 90,211 1,225,297 Meritz Fire & Marine Insurance Co., Ltd. 132,883 2,807,596 Meritz Securities Co., Ltd. 557,853 2,596,613 Mirae Asset Daewoo Co., Ltd. 456,755 4,430,746 NAVER Corp. 37,790 27,134,219 # NCSoft Corp. 15,686 5,059,447 Nexen Tire Corp. 99,808 1,186,370 NH Investment & Securities Co., Ltd. 239,748 3,032,567 * NHN Entertainment Corp. 13,318 912,715 # NongShim Co., Ltd. 4,477 1,277,841 # OCI Co., Ltd. 31,064 2,562,260 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- -------------- SOUTH KOREA -- (Continued) #* Orion Corp. 33,727 $ 2,474,436 Orion Holdings Corp. 17,530 432,347 Ottogi Corp. 1,053 736,864 #* Pan Ocean Co., Ltd. 361,136 1,880,333 # Paradise Co., Ltd. 62,375 740,516 # Poongsan Corp. 8,597 381,683 POSCO 67,414 20,144,303 POSCO Sponsored ADR 109,096 8,195,292 Posco Daewoo Corp. 85,173 1,788,538 S-1 Corp. 26,065 2,147,706 S-Oil Corp. 64,981 6,768,961 Samsung C&T Corp. 72,932 9,057,056 Samsung Card Co., Ltd. 59,683 2,116,509 Samsung Electro-Mechanics Co., Ltd. 75,403 6,297,133 Samsung Electronics Co., Ltd. 92,810 199,585,950 * Samsung Electronics Co., Ltd. GDR 52,509 56,604,249 #* Samsung Engineering Co., Ltd. 116,876 1,064,929 Samsung Fire & Marine Insurance Co., Ltd. 53,457 13,946,603 * Samsung Heavy Industries Co., Ltd. 480,671 4,810,319 Samsung Life Insurance Co., Ltd. 72,497 8,130,200 Samsung SDI Co., Ltd. 77,805 11,691,522 Samsung SDS Co., Ltd. 31,374 5,012,592 Samsung Securities Co., Ltd. 116,404 4,219,448 # SFA Engineering Corp. 28,906 969,690 Shinhan Financial Group Co., Ltd. 408,134 19,397,371 Shinhan Financial Group Co., Ltd. ADR 86,082 4,090,617 # Shinsegae, Inc. 15,449 3,283,168 # SK Chemicals Co., Ltd. 30,297 1,853,678 SK Holdings Co., Ltd. 62,844 15,242,488 SK Hynix, Inc. 801,175 47,102,956 SK Innovation Co., Ltd. 131,292 20,721,278 # SK Materials Co., Ltd. 7,939 1,309,255 SK Networks Co., Ltd. 221,151 1,251,037 SK Telecom Co., Ltd. 22,141 5,474,400 SK Telecom Co., Ltd. ADR 6,224 169,666 SKC Co., Ltd. 33,367 1,080,051 # SPC Samlip Co., Ltd. 3,031 446,986 Ssangyong Cement Industrial Co., Ltd. 47,387 607,244 #* Taihan Electric Wire Co., Ltd. 154,853 172,392 Tongyang Life Insurance Co., Ltd. 83,333 724,692 Woori Bank 560,516 9,573,085 # Woori Bank Sponsored ADR 1,026 52,593 Young Poong Corp. 595 658,275 # Youngone Corp. 47,419 1,389,261 # Yuhan Corp. 7,245 1,531,345 #* Yungjin Pharmaceutical Co., Ltd. 60,994 522,113 -------------- TOTAL SOUTH KOREA 1,075,722,602 -------------- TAIWAN -- (14.9%) Accton Technology Corp. 553,000 1,473,232 # Acer, Inc. 5,739,811 2,820,494 # Advanced Semiconductor Engineering, Inc. 12,765,564 17,126,757 Advantech Co., Ltd. 455,663 3,446,859 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Airtac International Group 126,850 $ 1,715,827 # Asia Cement Corp. 4,445,758 3,929,173 * Asia Pacific Telecom Co., Ltd. 2,687,000 952,308 Asustek Computer, Inc. 1,272,180 11,831,666 # AU Optronics Corp. 24,425,873 9,888,278 # AU Optronics Corp. Sponsored ADR 326,626 1,313,037 Casetek Holdings, Ltd. 313,000 988,695 Catcher Technology Co., Ltd. 1,354,429 15,566,323 Cathay Financial Holding Co., Ltd. 9,371,450 15,269,700 # Chailease Holding Co., Ltd. 2,569,840 7,387,677 Chang Hwa Commercial Bank, Ltd. 9,287,889 5,444,827 # Cheng Shin Rubber Industry Co., Ltd. 3,200,965 6,474,505 Chicony Electronics Co., Ltd. 1,027,664 2,644,192 China Airlines, Ltd. 8,884,536 2,730,369 China Development Financial Holding Corp. 26,174,121 7,894,379 China Life Insurance Co., Ltd. 6,486,344 6,862,853 China Motor Corp. 992,000 857,145 # China Steel Corp. 15,093,932 12,393,790 Chipbond Technology Corp. 797,000 1,312,823 Chroma ATE, Inc. 118,000 372,790 # Chunghwa Precision Test Tech Co., Ltd. 20,000 938,584 Chunghwa Telecom Co., Ltd. 1,608,000 5,435,361 # Chunghwa Telecom Co., Ltd. Sponsored ADR 266,144 9,000,990 # Compal Electronics, Inc. 10,369,541 6,886,851 CTBC Financial Holding Co., Ltd. 20,136,175 12,936,853 CTCI Corp. 1,281,000 2,089,224 Delta Electronics, Inc. 2,385,486 12,675,524 E Ink Holdings, Inc. 647,000 691,713 E.Sun Financial Holding Co., Ltd. 14,124,954 9,004,623 Eclat Textile Co., Ltd. 258,402 2,974,970 # Elite Material Co., Ltd. 327,000 1,617,288 # Ennoconn Corp. 62,000 929,612 Eternal Materials Co., Ltd. 1,451,350 1,633,070 Eva Airways Corp. 6,861,740 3,325,163 * Evergreen Marine Corp. Taiwan, Ltd. 3,426,261 1,877,527 Far Eastern International Bank 721,140 237,878 Far Eastern New Century Corp. 7,296,085 6,004,834 Far EasTone Telecommunications Co., Ltd. 2,601,000 6,288,248 Farglory Land Development Co., Ltd. 644,393 806,774 # Feng TAY Enterprise Co., Ltd. 475,424 2,039,037 First Financial Holding Co., Ltd. 18,055,124 12,194,993 Formosa Chemicals & Fibre Corp. 3,606,518 10,866,116 Formosa Petrochemical Corp. 1,552,000 5,448,311 Formosa Plastics Corp. 4,025,153 12,071,751 Formosa Taffeta Co., Ltd. 1,403,000 1,389,228 Foxconn Technology Co., Ltd. 1,843,627 5,543,189 Fubon Financial Holding Co., Ltd. 8,611,233 13,377,153 General Interface Solution Holding, Ltd. 159,000 1,524,308 Giant Manufacturing Co., Ltd. 571,506 2,821,024 Globalwafers Co., Ltd. 133,000 1,047,024 Gourmet Master Co., Ltd. 101,305 1,185,834 # Highwealth Construction Corp. 2,120,190 3,510,343 Hiwin Technologies Corp. 296,005 2,149,283 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) Hon Hai Precision Industry Co., Ltd. 17,267,653 $67,155,191 # Hota Industrial Manufacturing Co., Ltd. 237,235 1,085,783 Hotai Motor Co., Ltd. 362,000 4,398,871 #* HTC Corp. 1,292,235 3,067,240 Hua Nan Financial Holdings Co., Ltd. 13,506,007 7,893,869 # Innolux Corp. 27,802,241 13,562,150 Inventec Corp. 5,430,551 4,338,034 Kenda Rubber Industrial Co., Ltd. 1,082,377 1,696,858 # King Slide Works Co., Ltd. 81,000 1,138,605 King Yuan Electronics Co., Ltd. 1,471,000 1,465,029 King's Town Bank Co., Ltd. 1,051,000 1,086,084 # Kinsus Interconnect Technology Corp. 683,000 1,840,897 Largan Precision Co., Ltd. 133,860 24,423,998 LCY Chemical Corp. 817,123 1,185,767 # Lite-On Technology Corp. 4,896,410 7,924,433 # Long Chen Paper Co., Ltd. 1,295,000 1,629,826 Makalot Industrial Co., Ltd. 165,356 739,020 MediaTek, Inc. 1,455,995 12,816,990 # Mega Financial Holding Co., Ltd. 16,648,369 14,090,356 * Mercuries Life Insurance Co., Ltd. 340,408 178,115 # Merida Industry Co., Ltd. 271,287 1,297,881 Merry Electronics Co., Ltd. 112,000 923,521 # Micro-Star International Co., Ltd. 1,005,000 2,603,725 Nan Ya Plastics Corp. 4,628,599 11,649,726 # Nanya Technology Corp. 992,010 2,045,753 Nien Made Enterprise Co., Ltd. 200,000 2,440,593 # Novatek Microelectronics Corp. 1,205,000 4,582,202 #* OBI Pharma, Inc. 81,000 576,427 PChome Online, Inc. 109,395 767,663 Pegatron Corp. 5,311,345 17,322,959 Phison Electronics Corp. 241,000 3,347,972 Pou Chen Corp. 5,061,487 6,837,454 Powertech Technology, Inc. 2,158,819 6,995,407 Poya International Co., Ltd. 73,275 935,041 President Chain Store Corp. 844,831 7,158,860 # Qisda Corp. 2,050,000 1,621,592 Quanta Computer, Inc. 3,941,000 9,343,927 Realtek Semiconductor Corp. 686,950 2,570,471 * Ruentex Development Co., Ltd. 1,242,709 1,345,886 # Ruentex Industries, Ltd. 770,182 1,142,917 # ScinoPharm Taiwan, Ltd. 206,405 279,923 # Shin Kong Financial Holding Co., Ltd. 15,958,656 4,266,116 Silergy Corp. 55,000 1,075,393 # Siliconware Precision Industries Co., Ltd. 2,123,637 3,497,151 * Siliconware Precision Industries Co., Ltd. Sponsored ADR 21,813 177,994 Simplo Technology Co., Ltd. 690,000 2,192,024 SinoPac Financial Holdings Co., Ltd. 19,605,895 6,147,455 St Shine Optical Co., Ltd. 11,000 226,624 Standard Foods Corp. 462,902 1,232,512 Synnex Technology International Corp. 2,340,343 2,602,333 Taichung Commercial Bank Co., Ltd. 159,669 54,998 * TaiMed Biologics, Inc. 138,000 1,008,988 Tainan Spinning Co., Ltd. 115,412 50,426 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ TAIWAN -- (Continued) # Taishin Financial Holding Co., Ltd. 19,587,984 $ 9,211,451 Taiwan Business Bank 8,318,140 2,360,734 Taiwan Cement Corp. 8,097,720 9,385,028 Taiwan Cooperative Financial Holding Co., Ltd. 14,856,581 8,118,427 # Taiwan FamilyMart Co., Ltd. 89,000 605,511 Taiwan Fertilizer Co., Ltd. 1,415,000 1,921,436 * Taiwan Glass Industry Corp. 2,124,375 1,087,087 Taiwan High Speed Rail Corp. 1,706,000 1,472,089 Taiwan Mobile Co., Ltd. 2,215,300 7,928,287 Taiwan Paiho, Ltd. 64,000 267,009 Taiwan Secom Co., Ltd. 362,670 1,073,780 Taiwan Semiconductor Manufacturing Co., Ltd. 25,317,808 178,969,036 Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR 1,982,786 71,300,985 * Tatung Co., Ltd. 2,566,000 1,078,953 Teco Electric and Machinery Co., Ltd. 3,589,000 3,379,993 Tong Yang Industry Co., Ltd. 936,000 1,737,565 * TPK Holding Co., Ltd. 581,000 1,950,843 Transcend Information, Inc. 334,181 989,626 Tripod Technology Corp. 753,870 2,461,109 Tung Thih Electronic Co., Ltd. 44,000 312,469 # Uni-President Enterprises Corp. 7,758,033 14,847,650 # United Microelectronics Corp. 38,130,000 17,501,279 # Vanguard International Semiconductor Corp. 1,888,000 3,534,442 Voltronic Power Technology Corp. 57,350 983,416 Walsin Lihwa Corp. 5,308,000 2,337,255 Wan Hai Lines, Ltd. 1,821,800 1,043,482 # Win Semiconductors Corp. 742,034 4,342,135 Winbond Electronics Corp. 6,597,000 3,981,394 Wintek Corp. 604,760 6,872 Wistron Corp. 6,209,099 6,265,868 Wistron NeWeb Corp. 186,000 594,968 WPG Holdings, Ltd. 3,035,869 4,251,568 Yageo Corp. 908,579 3,460,153 Yuanta Financial Holding Co., Ltd. 19,830,806 8,500,834 Yulon Motor Co., Ltd. 1,909,000 1,667,890 Zhen Ding Technology Holding, Ltd. 1,099,700 2,558,153 ------------ TOTAL TAIWAN 962,748,187 ------------ THAILAND -- (2.5%) Advanced Info Service PCL 1,440,700 8,031,189 Airports of Thailand PCL 5,784,000 8,951,542 Bangchak Corp. PCL 999,600 1,043,863 Bangkok Bank PCL(6077019) 241,500 1,338,985 Bangkok Bank PCL(6368360) 141,600 763,818 Bangkok Dusit Medical Services PCL Class F 6,818,900 3,913,903 Bangkok Expressway & Metro PCL 5,933,099 1,337,227 Bangkok Life Assurance PCL 1,031,200 1,293,784 Banpu PCL 3,487,850 1,708,472 Berli Jucker PCL 1,647,700 2,290,088 BTS Group Holdings PCL 4,154,700 1,073,743 Bumrungrad Hospital PCL 402,600 2,117,260 Carabao Group PCL Class F 485,000 1,012,952 Central Pattana PCL 1,779,300 3,716,177 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- ------------ THAILAND -- (Continued) Central Plaza Hotel PCL 1,046,100 $ 1,281,041 CH Karnchang PCL 680,200 582,564 Charoen Pokphand Foods PCL 5,404,800 3,995,555 CP ALL PCL 4,313,700 7,875,145 Delta Electronics Thailand PCL 656,900 1,751,983 Electricity Generating PCL 332,300 2,176,954 Energy Absolute PCL 1,783,800 1,983,400 Global Power Synergy PCL Class F 451,700 522,605 Glow Energy PCL 826,500 2,011,825 Home Product Center PCL 10,007,413 2,977,278 Indorama Ventures PCL 3,150,100 3,526,249 Intouch Holdings PCL 1,446,700 2,597,639 IRPC PCL 16,099,600 2,660,971 Jasmine International PCL 3,048,500 687,084 Kasikornbank PCL(6364766) 229,600 1,328,205 Kasikornbank PCL(6888794) 1,146,600 6,822,436 KCE Electronics PCL 431,000 1,120,355 Kiatnakin Bank PCL 445,700 894,039 Krung Thai Bank PCL 8,743,587 4,755,876 Land & Houses PCL(6581930) 790,000 237,405 Land & Houses PCL(6581941) 4,011,940 1,205,638 Minor International PCL 2,391,770 3,036,746 MK Restaurants Group PCL 421,700 773,029 Muangthai Leasing PCL Class F 926,100 994,939 Pruksa Holding PCL 2,392,300 1,646,317 PTT Exploration & Production PCL(B1359J0) 2,414,655 6,385,577 PTT Exploration & Production PCL(B1359L2) 65,409 172,975 PTT Global Chemical PCL 2,436,872 5,290,941 PTT PCL 1,634,600 19,059,240 Ratchaburi Electricity Generating Holding PCL 824,700 1,338,296 Robinson PCL 598,500 1,047,665 Siam Cement PCL (The)(6609906) 166,400 2,530,266 Siam Cement PCL (The)(6609928) 230,100 3,498,884 Siam City Cement PCL 197,367 1,844,579 Siam Commercial Bank PCL (The) 1,140,966 5,040,254 Siam Global House PCL 1,894,408 779,931 Srisawad Corp. PCL 406,000 643,592 Star Petroleum Refining PCL 3,335,800 1,543,772 Thai Oil PCL 1,609,200 4,146,737 Thai Union Group PCL Class F 3,134,940 1,912,439 Thanachart Capital PCL 1,323,800 1,899,582 Tisco Financial Group PCL 566,800 1,256,187 TMB Bank PCL 24,158,000 1,713,308 Total Access Communication PCL(B1YWK08) 1,459,300 2,379,067 Total Access Communication PCL(B231MK7) 423,600 690,586 TPI Polene PCL 12,385,600 841,178 * True Corp. PCL 21,266,431 3,610,816 TTW PCL 581,700 190,541 ------------ TOTAL THAILAND 163,854,694 ------------ TURKEY -- (1.5%) Akbank TAS 2,398,643 7,135,696 Anadolu Efes Biracilik Ve Malt Sanayii A.S. 291,705 1,711,290 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ --------- -------------- TURKEY -- (Continued) Arcelik A.S. 540,990 $ 3,999,085 Aselsan Elektronik Sanayi Ve Ticaret A.S. 307,773 2,104,558 BIM Birlesik Magazalar A.S. 342,629 6,682,359 Coca-Cola Icecek A.S. 158,003 1,909,375 Enka Insaat ve Sanayi A.S. 682,425 1,070,840 Eregli Demir ve Celik Fabrikalari TAS 2,461,933 5,488,961 Ford Otomotiv Sanayi A.S. 126,138 1,613,864 KOC Holding A.S. 723,917 3,371,343 Petkim Petrokimya Holding A.S. 1,293,596 2,364,962 TAV Havalimanlari Holding A.S. 393,004 2,381,791 Tofas Turk Otomobil Fabrikasi A.S. 212,178 1,864,347 Tupras Turkiye Petrol Rafinerileri A.S. 261,144 8,047,885 * Turk Hava Yollari AO 1,190,919 2,990,391 * Turk Telekomunikasyon A.S. 761,840 1,570,513 Turkcell Iletisim Hizmetleri A.S. 1,174,981 4,296,652 Turkcell Iletisim Hizmetleri A.S. ADR 73,838 679,310 Turkiye Garanti Bankasi A.S. 3,265,633 9,779,543 Turkiye Halk Bankasi A.S. 1,432,317 6,145,168 Turkiye Is Bankasi Class C 3,908,677 8,414,096 Turkiye Sise ve Cam Fabrikalari A.S. 1,716,996 2,196,522 Turkiye Vakiflar Bankasi TAO Class D 2,388,318 4,780,385 Ulker Biskuvi Sanayi A.S. 244,375 1,475,563 * Yapi ve Kredi Bankasi A.S. 1,926,840 2,487,265 TOTAL TURKEY 94,561,764 -------------- TOTAL COMMON STOCKS 6,108,728,620 -------------- PREFERRED STOCKS -- (2.7%) BRAZIL -- (2.6%) Banco Bradesco SA 2,738,905 26,516,440 Banco Bradesco SA ADR 960,668 9,241,628 Braskem SA Class A 73,800 882,992 Centrais Eletricas Brasileiras SA Class B 303,700 1,623,512 * Cia Brasileira de Distribuicao 220,220 5,119,999 Cia Energetica de Minas Gerais 178,000 486,334 Gerdau SA 921,168 3,148,989 Itau Unibanco Holding SA 4,593,827 54,978,314 Lojas Americanas SA 1,021,714 5,134,208 * Petroleo Brasileiro SA 2,825,761 12,043,024 * Petroleo Brasileiro SA Sponsored ADR 1,440,006 12,240,051 Suzano Papel e Celulose SA Class A 670,455 3,014,344 Telefonica Brasil SA 465,063 6,966,214 Vale SA 2,677,558 25,046,697 Vale SA Sponsored ADR 364,278 3,420,570 -------------- TOTAL BRAZIL 169,863,316 -------------- CHILE -- (0.0%) Embotelladora Andina SA Class B 113,824 518,504 -------------- COLOMBIA -- (0.1%) Banco Davivienda SA 209,529 2,378,671 Bancolombia SA 30,330 332,132 Grupo Argos SA 37,800 247,094 THE EMERGING MARKETS SERIES CONTINUED SHARES VALUE++ ---------- -------------- COLOMBIA -- (Continued) Grupo Aval Acciones y Valores SA 4,185,719 $ 1,850,268 Grupo de Inversiones Suramericana SA 113,896 1,574,486 -------------- TOTAL COLOMBIA 6,382,651 -------------- INDIA -- (0.0%) Vedanta, Ltd. 26,204,120 329,843 -------------- TOTAL PREFERRED STOCKS 177,094,314 -------------- RIGHTS/WARRANTS -- (0.0%) SOUTH KOREA -- (0.0%) * Ssangyong Cement Industrial Co., Ltd. Rights 08/21/17 3,243 3,043 -------------- TAIWAN -- (0.0%) * Airtac International Group Rights 08/09/17 5,668 20,368 * Long Chen Paper Co., Ltd. Rights 08/14/17 17,510 2,610 -------------- TOTAL TAIWAN 22,978 -------------- TOTAL RIGHTS/WARRANTS 26,021 -------------- TOTAL INVESTMENT SECURITIES 6,285,848,955 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (2.9%) (S)@ DFA Short Term Investment Fund 16,026,728 185,461,300 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $4,456,669,337)^^ $6,471,310,255 ============== THE EMERGING MARKETS SERIES CONTINUED Summary of the Series' investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- -------------- ------- -------------- Common Stocks Brazil $ 289,105,421 -- -- $ 289,105,421 Chile 83,838,802 -- -- 83,838,802 China 313,240,409 $ 791,030,414 -- 1,104,270,823 Colombia 26,467,587 -- -- 26,467,587 Czech Republic -- 11,514,858 -- 11,514,858 Egypt 718,363 6,510,390 -- 7,228,753 Greece -- 16,303,140 -- 16,303,140 Hungary -- 29,530,434 -- 29,530,434 India 31,669,764 749,661,973 -- 781,331,737 Indonesia 6,892,783 174,708,007 -- 181,600,790 Malaysia 1,083,020 188,862,666 -- 189,945,686 Mexico 296,854,134 -- -- 296,854,134 Peru 16,769,263 -- -- 16,769,263 Philippines 1,916,737 89,730,345 -- 91,647,082 Poland -- 115,118,653 -- 115,118,653 Russia 7,079,281 88,664,957 -- 95,744,238 South Africa 55,478,836 419,091,136 -- 474,569,972 South Korea 41,941,085 1,033,781,517 -- 1,075,722,602 Taiwan 81,793,006 880,955,181 -- 962,748,187 Thailand 163,854,694 -- -- 163,854,694 Turkey 679,310 93,882,454 -- 94,561,764 Preferred Stocks Brazil 169,863,316 -- -- 169,863,316 Chile 518,504 -- -- 518,504 Colombia 6,382,651 -- -- 6,382,651 India -- 329,843 -- 329,843 Rights/Warrants South Korea -- 3,043 -- 3,043 Taiwan -- 22,978 -- 22,978 Securities Lending Collateral -- 185,461,300 -- 185,461,300 Futures Contracts** 1,900,931 -- -- 1,900,931 -------------- -------------- -- -------------- TOTAL $1,598,047,897 $4,875,163,289 -- $6,473,211,186 ============== ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. THE EMERGING MARKETS SMALL CAP SERIES SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ --------- ----------- COMMON STOCKS -- (91.1%) ARGENTINA -- (0.0%) Ferrum SA de Ceramica y Metalurgia 1 $ 1 ----------- BRAZIL -- (7.1%) AES Tiete Energia SA(BZ8W2L7) 1,884,997 8,499,064 AES Tiete Energia SA(BZ8W2J5) 878 797 * Aliansce Shopping Centers SA 963,195 5,189,179 Alupar Investimento SA 1,035,302 6,088,938 Arezzo Industria e Comercio SA 430,435 5,107,219 * B2W Cia Digital 1,578,484 6,732,356 BR Malls Participacoes SA 6,601,191 27,942,893 BR Properties SA 339,969 1,062,965 * Brasil Brokers Participacoes SA 1,908,611 685,505 BrasilAgro - Co. Brasileira de Propriedades Agricolas 178,000 676,415 Cia de Locacao das Americas 23,100 85,041 Cia de Saneamento de Minas Gerais-COPASA 591,892 8,044,120 Cia Energetica de Minas Gerais 119,174 333,252 Cia Hering 1,540,736 10,617,928 Cia Paranaense de Energia 151,600 1,030,648 Cia Paranaense de Energia Sponsored ADR 127,664 1,057,058 * Cia Siderurgica Nacional SA 5,120,808 12,513,206 * Construtora Tenda SA 168,054 846,104 * Cosan Logistica SA 173,100 417,436 CVC Brasil Operadora e Agencia de Viagens SA 312,586 3,573,586 Cyrela Brazil Realty SA Empreendimentos e Participacoes 2,747,386 10,783,910 Cyrela Commercial Properties SA Empreendimentos e * Participacoes 41,900 134,366 Dimed SA Distribuidora da Medicamentos 1,100 155,387 Direcional Engenharia SA 784,809 1,426,994 Duratex SA 3,220,733 8,180,033 EcoRodovias Infraestrutura e Logistica SA 2,475,007 8,484,559 EDP - Energias do Brasil SA 2,867,714 13,215,018 Embraer SA 902,384 4,563,502 Embraer SA Sponsored ADR 603,336 12,229,621 Energisa SA 5,000 39,925 Equatorial Energia SA 1,854,158 33,713,585 Estacio Participacoes SA 3,477,890 22,752,082 * Eternit SA 1,383,778 572,442 * Even Construtora e Incorporadora SA 2,484,388 3,648,884 Ez Tec Empreendimentos e Participacoes SA 601,946 3,779,598 Fleury SA 1,463,812 14,096,645 Fras-Le SA 82,875 122,252 GAEC Educacao SA 285,200 1,553,882 * Gafisa SA 111,555 423,918 Gafisa SA ADR 73,263 554,601 * Gol Linhas Aereas Inteligentes SA ADR 100,517 1,425,334 Grendene SA 945,017 8,012,651 Guararapes Confeccoes SA 83,800 2,818,728 * Helbor Empreendimentos SA 1,574,828 1,131,244 Iguatemi Empresa de Shopping Centers SA 663,737 7,811,550 * International Meal Co. Alimentacao SA 684,895 1,647,253 Iochpe Maxion SA 1,113,852 6,029,414 * JHSF Participacoes SA 680,347 399,261 * Joao Fortes Engenharia SA 22,409 7,258 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- BRAZIL -- (Continued) * JSL SA 615,500 $ 1,529,695 * Kepler Weber SA 135,346 1,028,219 * Light SA 723,407 5,231,237 Linx SA 763,536 4,231,052 Localiza Rent a Car SA 1,623,578 27,021,886 * LPS Brasil Consultoria de Imoveis SA 257,479 361,652 M Dias Branco SA 268,900 4,377,111 Magazine Luiza SA 2,100 247,069 Magnesita Refratarios SA 371,991 4,163,253 Mahle-Metal Leve SA 416,876 2,273,978 Marcopolo SA 98,200 80,302 * Marfrig Global Foods SA 2,815,229 5,795,940 * Marisa Lojas SA 565,920 1,070,735 * Mills Estruturas e Servicos de Engenharia SA 966,926 1,234,103 Minerva SA 967,369 3,846,706 MRV Engenharia e Participacoes SA 2,678,860 12,310,377 Multiplan Empreendimentos Imobiliarios SA 468,399 10,796,902 Multiplus SA 454,184 5,795,367 Natura Cosmeticos SA 427,018 3,430,276 Odontoprev SA 2,612,096 10,897,869 * Paranapanema SA 1,614,056 838,511 * Petro Rio SA 17,300 207,599 Porto Seguro SA 430,543 4,349,128 Portobello SA 552,200 671,136 * Profarma Distribuidora de Produtos Farmaceuticos SA 46,468 117,573 * Prumo Logistica SA 302,878 1,068,404 QGEP Participacoes SA 845,794 1,974,564 Qualicorp SA 2,351,105 24,729,823 * Restoque Comercio e Confeccoes de Roupas SA 123,151 1,461,212 * Rodobens Negocios Imobiliarios SA 136,138 239,677 * Rumo SA 6,658,774 22,079,537 * Santos Brasil Participacoes SA 2,334,340 1,586,993 Sao Carlos Empreendimentos e Participacoes SA 65,509 719,720 Sao Martinho SA 1,525,186 8,588,602 Ser Educacional SA 242,300 1,988,377 SLC Agricola SA 574,213 4,006,887 Smiles SA 505,800 10,557,674 Sonae Sierra Brasil SA 250,446 1,601,454 * Springs Global Participacoes SA 18,200 59,765 Sul America SA 3,005,954 16,917,435 T4F Entretenimento SA 111,200 222,874 Technos SA 230,500 307,496 * Tecnisa SA 1,488,036 1,116,618 Tegma Gestao Logistica SA 16,000 75,219 Totvs SA 1,185,526 11,405,322 * TPI - Triunfo Participacoes e Investimentos SA 329,501 426,887 Transmissora Alianca de Energia Eletrica SA 1,991,418 14,828,588 Tupy SA 210,819 1,000,568 * Usinas Siderurgicas de Minas Gerais SA 42,600 141,939 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 720,575 3,898,248 Via Varejo SA(BGSHPP4) 1,043,519 4,815,444 Via Varejo SA(B7VY430) 205,862 386,856 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ------------ BRAZIL -- (Continued) Wiz Solucoes e Corretagem de Seguros SA 160,600 $ 1,019,732 ------------ TOTAL BRAZIL 519,351,198 ------------ CHILE -- (1.5%) AES Gener SA 2,831,461 1,052,119 Aguas Andinas SA Class A 559,878 353,259 Banmedica SA 1,778,905 4,328,516 Besalco SA 2,484,175 2,523,208 CAP SA 726,761 7,661,418 Cementos BIO BIO SA 352,724 453,655 * Cia Sud Americana de Vapores SA 104,972,840 4,870,698 Clinica LAS Condes SA 349 17,828 Cristalerias de Chile SA 130,323 1,359,839 Embotelladora Andina SA Class B ADR 44,807 1,225,023 Empresa Nacional de Telecomunicaciones SA 852,516 9,707,391 * Empresas AquaChile SA 1,390,832 695,641 Empresas Hites SA 1,134,733 1,309,730 * Empresas La Polar SA 11,469,468 1,295,057 Engie Energia Chile SA 5,124,223 11,158,644 * Enjoy SA 1,143,197 79,663 Forus SA 806,421 2,903,930 Grupo Security SA 3,196,493 1,210,141 Inversiones Aguas Metropolitanas SA 3,924,359 6,854,749 Inversiones La Construccion SA 288,555 3,863,401 * Masisa SA 17,353,957 1,295,291 Multiexport Foods SA 4,112,444 1,338,558 Parque Arauco SA 6,296,291 16,551,031 PAZ Corp. SA 1,298,993 1,547,301 Ripley Corp. SA 9,264,270 7,912,818 Salfacorp SA 2,719,448 3,586,646 Sigdo Koppers SA 810,043 1,234,132 Sociedad Matriz SAAM SA 36,373,212 3,887,594 Socovesa SA 2,895,998 1,519,776 Sonda SA 2,403,460 4,567,310 Vina Concha y Toro SA 4,503,127 7,255,843 ------------ TOTAL CHILE 113,620,210 ------------ CHINA -- (15.9%) * 21Vianet Group, Inc. ADR 514,485 2,294,603 361 Degrees International, Ltd. 5,552,000 1,953,255 #* 3SBio, Inc. 4,617,500 5,788,922 * 500.com, Ltd. Class A ADR 133,502 1,584,669 * 51job, Inc. ADR 113,079 5,570,272 * A8 New Media Group, Ltd. 3,652,000 207,922 # Agile Group Holdings, Ltd. 13,027,500 15,487,951 Ajisen China Holdings, Ltd. 4,260,000 1,841,292 AKM Industrial Co., Ltd. 120,000 18,387 AMVIG Holdings, Ltd. 2,508,000 729,209 Anhui Expressway Co., Ltd. Class H 2,770,000 2,090,231 #* Anton Oilfield Services Group 11,170,000 1,070,976 * Anxin-China Holdings, Ltd. 16,347,000 151,105 * Art Group Holdings, Ltd. 320,000 24,163 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Asia Cement China Holdings Corp. 2,961,500 $ 1,000,160 #* Asian Citrus Holdings, Ltd. 2,314,000 33,329 Ausnutria Dairy Corp., Ltd. 63,000 25,890 #* AVIC International Holding HK, Ltd. 19,300,000 951,743 AVIC International Holdings, Ltd. Class H 1,960,000 1,005,638 # AviChina Industry & Technology Co., Ltd. Class H 8,987,000 5,506,475 BAIOO Family Interactive, Ltd. 5,436,000 431,526 Bank of Chongqing Co., Ltd. Class H 2,259,500 1,957,803 Bank of Zhengzhou Co., Ltd. Class H 14,000 8,080 * Baofeng Modern International Holdings Co., Ltd. 234,000 17,690 * Baoye Group Co., Ltd. Class H 1,758,000 1,362,922 * Baozun, Inc. Sponsored ADR 136,671 4,436,341 Beijing Capital Land, Ltd. Class H 8,706,500 4,588,734 * Beijing Enterprises Clean Energy Group, Ltd. 4,020,000 95,631 #* Beijing Enterprises Environment Group, Ltd. 257,000 39,434 #* Beijing Enterprises Medical & Health Group, Ltd. 19,866,000 1,245,552 Beijing Jingneng Clean Energy Co., Ltd. Class H 10,584,000 3,059,288 Beijing North Star Co., Ltd. Class H 6,368,000 2,582,284 #* Beijing Properties Holdings, Ltd. 8,724,000 412,890 Beijing Urban Construction Design & Development Group Co., Ltd. Class H 1,715,000 1,129,737 # BEP International Holdings, Ltd. 2,260,000 59,495 # Best Pacific International Holdings, Ltd. 2,058,000 1,124,596 * Besunyen Holdings Co., Ltd. 1,155,000 87,184 Billion Industrial Holdings, Ltd. 64,000 45,272 * Bitauto Holdings, Ltd. ADR 184,229 5,821,636 Bloomage Biotechnology Corp., Ltd. 1,077,500 2,017,231 #* Boer Power Holdings, Ltd. 2,893,000 847,644 Bosideng International Holdings, Ltd. 20,196,000 1,782,679 #* Boyaa Interactive International, Ltd. 2,576,000 1,057,157 Brilliant Circle Holdings International, Ltd. 250,000 37,725 BYD Electronic International Co., Ltd. 3,982,815 10,046,805 * C C Land Holdings, Ltd. 15,216,015 3,464,377 #* C.banner International Holdings, Ltd. 3,315,000 1,327,791 Cabbeen Fashion, Ltd. 1,566,000 430,675 # Canvest Environmental Protection Group Co., Ltd. 4,729,000 2,584,301 #* Capital Environment Holdings, Ltd. 7,940,000 304,653 #* CAR, Inc. 5,097,000 4,436,702 Carrianna Group Holdings Co., Ltd. 1,855,257 218,442 CECEP COSTIN New Materials Group, Ltd. 4,494,000 64,728 * Central China Real Estate, Ltd. 6,460,626 1,942,974 # Central China Securities Co., Ltd. Class H 6,685,000 3,041,216 * Century Sunshine Group Holdings, Ltd. 12,725,000 440,333 #* CGN Meiya Power Holdings Co., Ltd. 8,438,000 1,219,885 Changshouhua Food Co., Ltd. 1,773,000 884,339 * Changyou.com, Ltd. ADR 73,976 3,131,404 Chaowei Power Holdings, Ltd. 4,397,000 2,491,506 * Cheetah Mobile, Inc. ADR 205,689 2,270,807 * Chigo Holding, Ltd. 20,666,000 259,225 # China Aerospace International Holdings, Ltd. 17,454,500 2,232,501 China Agri-Industries Holdings, Ltd. 14,885,800 6,663,486 # China Aircraft Leasing Group Holdings, Ltd. 1,063,500 1,242,479 # China All Access Holdings, Ltd. 6,186,000 1,820,917 China Aluminum Cans Holdings, Ltd. 432,000 69,088 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) * China Animal Healthcare, Ltd. 3,671,000 $ 458,241 # China Animation Characters Co., Ltd. 2,781,000 1,107,177 China Aoyuan Property Group, Ltd. 8,910,000 3,815,604 China BlueChemical, Ltd. Class H 12,878,000 3,628,535 * China Chengtong Development Group, Ltd. 2,018,000 118,626 * China City Infrastructure Group, Ltd. 1,220,000 79,645 * China City Railway Transportation Technology Holdings Co., Ltd. 512,000 70,685 China Communications Services Corp., Ltd. Class H 15,302,000 8,311,579 China Conch Venture Holdings, Ltd. 794,500 1,476,182 China Datang Corp. Renewable Power Co., Ltd. Class H 14,673,000 1,745,266 * China Daye Non-Ferrous Metals Mining, Ltd. 4,610,000 66,426 China Dongxiang Group Co., Ltd. 23,245,985 4,312,281 #* China Dynamics Holdings, Ltd. 9,490,000 188,152 # China Electronics Corp. Holdings Co., Ltd. 3,084,000 445,307 # China Electronics Optics Valley Union Holding Co., Ltd. 5,560,000 497,872 * China Energine International Holdings, Ltd. 4,206,000 338,360 China Everbright, Ltd. 6,106,000 13,905,643 * China Fiber Optic Network System Group, Ltd. 9,639,999 323,974 China Financial Services Holdings, Ltd. 7,132,000 629,746 * China Fire Safety Enterprise Group, Ltd. 3,380,000 188,065 # China Foods, Ltd. 7,820,000 3,600,023 * China Fordoo Holdings, Ltd. 277,000 206,371 * China Glass Holdings, Ltd. 4,632,000 426,603 #* China Grand Pharmaceutical and Healthcare Holdings, Ltd. Class A 2,328,000 629,204 China Greenfresh Group Co., Ltd. 2,602,000 489,524 # China Greenland Broad Greenstate Group Co., Ltd. 5,396,000 1,355,372 China Hanking Holdings, Ltd. 3,750,000 523,127 #* China Harmony New Energy Auto Holding, Ltd. 6,001,000 2,891,099 * China High Precision Automation Group, Ltd. 1,289,000 37,750 # China High Speed Transmission Equipment Group Co., Ltd. 2,909,000 3,140,911 * China Huiyuan Juice Group, Ltd. 4,929,500 1,532,532 China International Capital Corp., Ltd. Class H 1,440,400 2,291,852 * China ITS Holdings Co., Ltd. 3,835,412 294,537 China Jinmao Holdings Group, Ltd. 27,318,300 12,680,597 China Lesso Group Holdings, Ltd. 7,387,000 5,206,269 China Lilang, Ltd. 3,645,000 2,444,201 * China Longevity Group Co., Ltd. 1,076,350 35,415 #* China LotSynergy Holdings, Ltd. 31,100,000 588,877 China Machinery Engineering Corp. Class H 6,490,000 4,385,309 # China Maple Leaf Educational Systems, Ltd. 4,134,000 3,310,936 # China Medical System Holdings, Ltd. 7,095,500 12,104,530 China Meidong Auto Holdings, Ltd. 1,182,000 405,617 China Merchants Land, Ltd. 10,510,000 2,242,755 # China National Building Material Co., Ltd. Class H 21,806,000 13,302,333 China National Materials Co., Ltd. Class H 8,937,000 3,622,615 * China New Town Development Co., Ltd. 11,720,648 510,143 # China NT Pharma Group Co., Ltd. 5,092,500 1,107,065 * China Nuclear Industry 23 International Corp., Ltd. 1,072,000 201,813 #* China Ocean Resources Co., Ltd. 537,630 360,326 * China Oceanwide Holdings, Ltd. 2,626,000 231,794 China Oil & Gas Group, Ltd. 32,738,000 2,261,532 China Oriental Group Co., Ltd. 468,000 251,355 * China Outfitters Holdings, Ltd. 24,000 744 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) China Overseas Grand Oceans Group, Ltd. 8,450,500 $ 4,952,864 # China Overseas Property Holdings, Ltd. 10,065,000 1,827,992 China Packaging Holdings Development, Ltd. 3,390,000 906,442 China Pioneer Pharma Holdings, Ltd. 2,777,000 899,779 # China Power Clean Energy Development Co., Ltd. 3,760,499 2,337,124 China Power International Development, Ltd. 21,226,000 7,275,805 * China Properties Group, Ltd. 2,640,000 664,936 #* China Rare Earth Holdings, Ltd. 8,316,799 637,253 China Resources Cement Holdings, Ltd. 13,386,000 7,962,857 # China Resources Phoenix Healthcare Holdings Co., Ltd. 3,464,000 4,373,992 #* China Ruifeng Renewable Energy Holdings, Ltd. 5,192,000 458,115 * China Rundong Auto Group, Ltd. 126,000 67,984 * China Saite Group Co., Ltd. 1,050,000 77,884 China Sanjiang Fine Chemicals Co., Ltd. 3,011,000 950,559 China SCE Property Holdings, Ltd. 12,970,200 6,341,861 * China Shanshui Cement Group, Ltd. 1 1 #* China Shengmu Organic Milk, Ltd. 7,481,000 1,378,547 China Shineway Pharmaceutical Group, Ltd. 2,378,200 2,378,877 # China Silver Group, Ltd. 6,436,000 1,186,158 # China Singyes Solar Technologies Holdings, Ltd. 4,204,040 1,596,513 # China South City Holdings, Ltd. 21,742,000 4,727,797 China Starch Holdings, Ltd. 6,705,000 201,553 China Sunshine Paper Holdings Co., Ltd. 1,036,500 279,909 China Suntien Green Energy Corp., Ltd. Class H 11,084,000 2,340,277 * China Taifeng Beddings Holdings, Ltd. 1,336,000 34,637 # China Tian Lun Gas Holdings, Ltd. 1,144,500 699,055 China Traditional Chinese Medicine Holdings Co., Ltd. 12,676,000 6,726,841 # China Travel International Investment Hong Kong, Ltd. 17,251,900 5,123,115 * China Vanadium Titano - Magnetite Mining Co., Ltd. 263,000 10,428 # China Vast Industrial Urban Development Co., Ltd. 732,000 291,196 China Water Affairs Group, Ltd. 6,844,000 3,731,584 #* China Water Industry Group, Ltd. 7,644,000 1,662,771 China Wood Optimization Holding, Ltd. 2,076,000 574,132 China XLX Fertiliser, Ltd. 444,000 117,264 #* China Yurun Food Group, Ltd. 10,561,000 1,365,045 China ZhengTong Auto Services Holdings, Ltd. 6,284,000 6,199,098 # China Zhongwang Holdings, Ltd. 10,812,000 5,380,170 # Chinasoft International, Ltd. 15,102,000 8,275,619 * Chinese People Holdings Co., Ltd. 1,855,709 21,346 Chongqing Machinery & Electric Co., Ltd. Class H 8,344,000 1,077,547 * Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd. 2,662,000 347,334 Chu Kong Shipping Enterprise Group Co., Ltd. 746,000 184,132 CIFI Holdings Group Co., Ltd. 19,426,000 11,053,888 #* CIMC Enric Holdings, Ltd. 5,278,000 3,777,445 * CITIC Dameng Holdings, Ltd. 5,233,000 311,205 # CITIC Resources Holdings, Ltd. 17,636,600 1,984,838 # Citychamp Watch & Jewellery Group, Ltd. 11,676,000 2,523,777 Clear Media, Ltd. 357,000 420,646 * Coastal Greenland, Ltd. 5,286,000 156,737 #* Cogobuy Group 3,644,000 2,169,859 # Colour Life Services Group Co., Ltd. 1,837,000 1,298,315 Comba Telecom Systems Holdings, Ltd. 10,949,338 1,500,398 * Comtec Solar Systems Group, Ltd. 4,958,000 180,988 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- CHINA -- (Continued) Concord New Energy Group, Ltd. 35,844,964 $1,535,067 Consun Pharmaceutical Group, Ltd. 2,453,000 1,987,643 #* Coolpad Group, Ltd. 21,444,800 1,501,136 COSCO SHIPPING Energy Transportation Co., Ltd. Class H 9,210,000 5,180,579 # COSCO SHIPPING International Hong Kong Co., Ltd. 3,777,000 1,595,241 COSCO SHIPPING Ports, Ltd. 7,138,948 8,732,246 * Coslight Technology International Group Co., Ltd. 1,110,000 498,615 # Cosmo Lady China Holdings Co., Ltd. 4,375,000 1,633,784 CP Pokphand Co., Ltd. 42,714,594 3,989,944 CPMC Holdings, Ltd. 2,858,000 1,414,672 # CRCC High-Tech Equipment Corp., Ltd. Class H 2,617,500 947,196 # CT Environmental Group, Ltd. 14,380,000 2,574,776 Da Ming International Holdings, Ltd. 862,000 361,705 * DaChan Food Asia, Ltd. 1,523,955 132,679 Dah Chong Hong Holdings, Ltd. 6,350,000 3,266,291 Dalian Port PDA Co., Ltd. Class H 2,640,400 483,021 * Daphne International Holdings, Ltd. 7,022,000 629,166 # Dawnrays Pharmaceutical Holdings, Ltd. 3,130,943 1,883,546 #* DBA Telecommunication Asia Holdings, Ltd. 876,000 7,357 #* Differ Group Holding Co., Ltd. 9,424,000 699,408 #* Digital China Holdings, Ltd. 7,858,800 5,158,129 #* Dongfang Electric Corp., Ltd. Class H 1,836,400 1,951,020 # Dongjiang Environmental Co., Ltd. Class H 986,975 1,417,168 Dongyue Group, Ltd. 7,432,000 3,463,471 Dragon Crown Group Holdings, Ltd. 62,000 11,029 Dynagreen Environmental Protection Group Co., Ltd. Class H 2,733,000 1,349,458 #* Dynasty Fine Wines Group, Ltd. 1,614,000 55,792 E-Commodities Holdings, Ltd. 168,000 20,205 * eHi Car Services, Ltd. Sponsored ADR 105,015 995,542 Embry Holdings, Ltd. 473,000 151,437 Essex Bio-technology, Ltd. 88,000 47,863 EVA Precision Industrial Holdings, Ltd. 5,156,435 732,166 * EverChina International Holdings Co., Ltd. 13,120,000 415,504 * Evergreen International Holdings, Ltd. 1,208,000 100,556 * Extrawell Pharmaceutical Holdings, Ltd. 87,921 1,566 * Fang Holdings, Ltd. ADR 128,129 410,013 Fantasia Holdings Group Co., Ltd. 14,701,500 2,143,434 Far East Horizon, Ltd. 10,787,000 9,190,179 #* Feiyu Technology International Co., Ltd. 1,636,500 240,521 First Tractor Co., Ltd. Class H 1,273,176 605,621 * Forgame Holdings, Ltd. 189,900 349,985 * Freetech Road Recycling Technology Holdings, Ltd. 2,164,000 180,086 Fu Shou Yuan International Group, Ltd. 5,805,000 3,572,369 Fufeng Group, Ltd. 7,458,600 4,557,678 #* Fuguiniao Co., Ltd. Class H 2,430,200 226,349 # Future Land Development Holdings, Ltd. 13,022,000 5,415,420 #* GCL-Poly Energy Holdings, Ltd. 85,046,000 9,027,258 Gemdale Properties & Investment Corp., Ltd. 10,826,000 1,093,306 # Genscript Biotech Corp. 760,000 406,212 #* Glorious Property Holdings, Ltd. 19,097,501 2,150,276 Goldbond Group Holdings, Ltd. 210,000 4,748 # Golden Eagle Retail Group, Ltd. 3,432,000 4,439,852 Golden Throat Holdings Group Co., Ltd. 832,000 286,565 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Goldlion Holdings, Ltd. 1,809,962 $ 789,871 # Goldpac Group, Ltd. 2,369,000 781,923 # GOME Electrical Appliances Holding, Ltd. 84,442,000 10,154,716 * Good Friend International Holdings, Inc. 398,667 97,936 #* Grand Baoxin Auto Group, Ltd. 2,677,492 1,361,730 # Greatview Aseptic Packaging Co., Ltd. 7,066,000 4,068,903 Greenland Hong Kong Holdings, Ltd. 7,312,000 2,709,880 # Greentown China Holdings, Ltd. 5,689,148 7,304,982 * Ground International Development, Ltd. 275,000 63,757 * Guangdong Land Holdings, Ltd. 4,600,800 1,012,836 Guangdong Yueyun Transportation Co., Ltd. Class H 1,143,000 746,082 Guangshen Railway Co., Ltd. Class H 1,860,000 956,976 * Guodian Technology & Environment Group Corp., Ltd. Class H 4,485,000 315,781 Guolian Securities Co., Ltd. Class H 1,282,000 647,425 # Guorui Properties, Ltd. 1,465,000 444,294 * Haichang Ocean Park Holdings, Ltd. 5,418,000 1,172,034 Haitian International Holdings, Ltd. 4,300,000 12,318,387 * Hanergy Thin Film Power Group, Ltd. 17,084,000 85,687 * Harbin Bank Co., Ltd. Class H 1,084,000 345,176 Harbin Electric Co., Ltd. Class H 5,181,413 2,848,945 # Harmonicare Medical Holdings, Ltd. 1,911,000 853,494 # HC International, Inc. 984,000 713,623 #* Health and Happiness H&H International Holdings, Ltd. 1,486,500 4,799,830 Henderson Investment, Ltd. 1,466,000 125,647 * Heng Tai Consumables Group, Ltd. 350,000 16,349 * Hengdeli Holdings, Ltd. 17,837,399 1,802,427 * Hengshi Mining Investments, Ltd. 1,531,000 423,103 * Hi Sun Technology China, Ltd. 11,094,000 2,041,047 # Hilong Holding, Ltd. 5,396,000 923,307 Hisense Kelon Electrical Holdings Co., Ltd. Class H 875,000 1,250,801 HKC Holdings, Ltd. 1,208,577 942,142 #* HNA Holding Group Co., Ltd. 24,080,000 862,857 HNA Infrastructure Co., Ltd. Class H 659,000 533,381 * Honghua Group, Ltd. 16,623,000 1,488,862 Honworld Group, Ltd. 844,000 428,788 Hopefluent Group Holdings, Ltd. 1,493,670 609,517 Hopewell Highway Infrastructure, Ltd. 4,163,000 2,557,168 Hopson Development Holdings, Ltd. 4,514,000 4,331,384 # HOSA International, Ltd. 4,668,000 1,445,600 #* Hua Han Health Industry Holdings, Ltd. 25,871,698 329,242 Hua Hong Semiconductor, Ltd. 2,135,000 2,892,945 # Huadian Fuxin Energy Corp., Ltd. Class H 16,484,000 3,646,995 * Huajun Holdings, Ltd. 112,000 7,314 Huaneng Renewables Corp., Ltd. Class H 28,364,000 8,634,297 Huazhang Technology Holding, Ltd. 388,000 232,546 * Huiyin Smart Community Co., Ltd. 1,526,000 159,913 #* Hydoo International Holding, Ltd. 2,436,000 280,600 #* IMAX China Holding, Inc. 722,500 1,908,198 # Inner Mongolia Yitai Coal Co., Ltd. Class H 120,400 122,939 Inspur International, Ltd. 2,286,000 512,175 # Jiangnan Group, Ltd. 11,392,000 859,865 #* Jiayuan International Group, Ltd. 576,000 367,126 * Jinchuan Group International Resources Co., Ltd. 4,466,000 513,836 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) * JinkoSolar Holding Co., Ltd. ADR 153,376 $ 4,236,245 Jinmao Hotel and Jinmao China Hotel Investments and Management, Ltd. 26,500 14,997 # Joy City Property, Ltd. 14,562,000 2,141,377 Ju Teng International Holdings, Ltd. 5,510,000 2,220,228 K Wah International Holdings, Ltd. 5,073,166 3,048,819 * Kai Yuan Holdings, Ltd. 13,400,000 107,958 #* Kaisa Group Holdings, Ltd. 13,971,000 5,341,384 Kangda International Environmental Co., Ltd. 4,309,000 848,763 #* Kasen International Holdings, Ltd. 4,399,000 726,163 Kingboard Chemical Holdings, Ltd. 4,262,421 19,189,965 Kingboard Laminates Holdings, Ltd. 5,858,500 8,164,603 #* Kingdee International Software Group Co., Ltd. 15,099,200 6,272,456 Kingsoft Corp., Ltd. 3,670,000 9,654,054 * Ko Yo Chemical Group, Ltd. 4,280,000 72,422 #* Koradior Holdings, Ltd. 1,008,000 889,222 #* KuangChi Science, Ltd. 646,000 226,479 KWG Property Holding, Ltd. 10,848,950 8,050,703 * Labixiaoxin Snacks Group, Ltd. 1,152,000 104,785 Lai Fung Holdings, Ltd. 29,583,012 908,045 Le Saunda Holdings, Ltd. 2,049,799 391,140 # Lee & Man Chemical Co., Ltd. 998,785 567,308 Lee & Man Paper Manufacturing, Ltd. 11,129,000 11,851,842 # Lee's Pharmaceutical Holdings, Ltd. 1,580,000 1,250,664 Leoch International Technology, Ltd. 2,476,000 541,800 #* Leyou Technologies Holdings, Ltd. 9,420,000 2,302,074 * Li Ning Co., Ltd. 10,086,000 7,944,738 * Lianhua Supermarket Holdings Co., Ltd. Class H 2,629,600 1,068,448 #* Lifestyle China Group, Ltd. 1,230,500 503,488 #* Lifetech Scientific Corp. 16,038,000 3,529,190 Livzon Pharmaceutical Group, Inc. Class H 707,434 3,891,499 # Logan Property Holdings Co., Ltd. 8,758,000 7,590,316 * LongiTech Smart Energy Holding, Ltd. 556,000 200,586 Lonking Holdings, Ltd. 15,371,000 5,010,935 * Loudong General Nice Resources China Holdings, Ltd. 72,140 2,671 # Luye Pharma Group, Ltd. 9,943,500 5,636,334 # LVGEM China Real Estate Investment Co., Ltd. 2,840,000 777,932 * Maanshan Iron & Steel Co., Ltd. Class H 14,660,000 7,099,762 Maoye International Holdings, Ltd. 8,664,000 875,536 * MIE Holdings Corp. 1,880,000 177,922 # MIN XIN Holdings, Ltd. 890,000 671,244 * Mingfa Group International Co., Ltd. 7,108,000 273,007 * Mingyuan Medicare Development Co., Ltd. 6,950,000 38,350 Minmetals Land, Ltd. 8,760,000 1,131,795 Minth Group, Ltd. 3,889,000 17,906,972 #* MMG, Ltd. 19,922,999 8,862,646 MOBI Development Co., Ltd. 1,014,000 148,861 Modern Land China Co., Ltd. 3,160,000 594,174 #* Munsun Capital Group, Ltd. 53,918,318 621,191 # Nan Hai Corp., Ltd. 8,350,000 283,176 #* National Agricultural Holdings, Ltd. 3,714,000 424,380 * Nature Home Holding Co., Ltd. 520,000 70,565 # NetDragon Websoft Holdings, Ltd. 108,044 288,157 * New World Department Store China, Ltd. 3,567,462 907,696 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ----------- CHINA -- (Continued) Nexteer Automotive Group, Ltd. 5,949,000 $10,249,330 * Noah Holdings, Ltd. ADR 121,711 3,892,318 #* North Mining Shares Co., Ltd. 84,560,000 1,514,617 * NQ Mobile, Inc. Class A ADR 432,156 1,477,974 # NVC Lighting Holdings, Ltd. 7,779,000 865,429 #* O-Net Technologies Group, Ltd. 1,754,000 1,131,810 #* Ourgame International Holdings, Ltd. 1,875,000 481,940 Overseas Chinese Town Asia Holdings, Ltd. 1,808,183 876,828 #* Ozner Water International Holding, Ltd. 2,415,000 608,180 # Pacific Online, Ltd. 3,033,365 566,710 # Parkson Retail Group, Ltd. 8,563,500 1,379,394 # PAX Global Technology, Ltd. 6,043,000 4,007,250 * Phoenix New Media, Ltd. ADR 100,054 269,145 Phoenix Satellite Television Holdings, Ltd. 8,296,000 1,231,086 * Ping An Securities Group Holdings, Ltd. 21,300,000 196,044 Poly Culture Group Corp., Ltd. Class H 581,100 1,301,641 #* Poly Property Group Co., Ltd. 16,591,000 8,700,160 # Pou Sheng International Holdings, Ltd. 14,438,806 2,862,070 Powerlong Real Estate Holdings, Ltd. 9,846,000 4,598,094 * Prosperity International Holdings HK, Ltd. 11,620,000 167,713 #* PW Medtech Group, Ltd. 4,922,000 1,121,739 # Q Technology Group Co., Ltd. 2,653,000 2,857,102 Qingdao Port International Co., Ltd. Class H 2,498,000 1,413,483 Qingling Motors Co., Ltd. Class H 4,180,000 1,406,794 * Qinhuangdao Port Co., Ltd. Class H 3,652,500 1,158,212 * Qinqin Foodstuffs Group Cayman Co., Ltd. 65,000 19,042 * Qunxing Paper Holdings Co., Ltd. 669,913 32,420 * Real Gold Mining, Ltd. 300,500 10,118 * Real Nutriceutical Group, Ltd. 5,135,000 249,644 Red Star Macalline Group Corp., Ltd. Class H 1,979,000 2,054,273 #* Redco Properties Group, Ltd. 6,932,000 2,653,277 #* Renhe Commercial Holdings Co., Ltd. 126,343,000 2,796,763 #* REXLot Holdings, Ltd. 69,151,502 875,921 Road King Infrastructure, Ltd. 2,311,000 3,039,941 #* Ronshine China Holdings, Ltd. 1,747,000 1,915,539 #* Sany Heavy Equipment International Holdings Co., Ltd. 7,377,000 1,406,009 * Scud Group, Ltd. 1,876,000 46,835 Seaspan Corp. 430,472 2,884,162 Shandong Chenming Paper Holdings, Ltd. Class H 1,886,000 2,889,501 Shandong Weigao Group Medical Polymer Co., Ltd. Class H 11,976,000 9,650,931 Shandong Xinhua Pharmaceutical Co., Ltd. Class H 900,000 814,719 # Shanghai Dasheng Agricultural Finance Technology Co., Ltd. Class H 23,272,000 2,113,391 #* Shanghai Fudan Microelectronics Group Co., Ltd. Class H 872,000 586,589 # Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. Class H 1,645,000 910,589 Shanghai Haohai Biological Technology Co., Ltd. Class H 104,800 554,198 Shanghai Industrial Holdings, Ltd. 3,608,000 10,426,549 # Shanghai Industrial Urban Development Group, Ltd. 12,220,000 2,969,642 # Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H 8,524,000 2,442,110 Shanghai La Chapelle Fashion Co., Ltd. Class H 13,200 16,728 Shanghai Prime Machinery Co., Ltd. Class H 5,358,000 1,144,247 * Shanghai Zendai Property, Ltd. 14,785,000 234,732 Sheen Tai Holdings Grp Co., Ltd. 2,482,000 127,064 * Shengli Oil & Gas Pipe Holdings, Ltd. 2,272,500 98,870 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) Shenguan Holdings Group, Ltd. 7,454,000 $ 443,124 Shenzhen Expressway Co., Ltd. Class H 4,494,400 4,013,270 Shenzhen International Holdings, Ltd. 7,554,367 12,931,371 Shenzhen Investment, Ltd. 22,596,874 10,372,731 * Shougang Concord International Enterprises Co., Ltd. 20,776,000 730,517 # Shougang Fushan Resources Group, Ltd. 18,764,000 4,344,714 Shui On Land, Ltd. 28,643,643 7,146,631 #* Shunfeng International Clean Energy, Ltd. 10,264,000 557,509 Sichuan Expressway Co., Ltd. Class H 5,366,000 2,217,153 # Sihuan Pharmaceutical Holdings Group, Ltd. 28,512,000 11,997,778 * Silver Grant International Industries, Ltd. 5,530,000 876,678 #* Silverman Holdings, Ltd. 2,410,000 247,128 SIM Technology Group, Ltd. 1,050,000 58,416 #* Sino Oil And Gas Holdings, Ltd. 70,712,766 1,565,652 * Sino-I Technology, Ltd. 3,950,000 53,964 Sino-Ocean Group Holdings, Ltd. 12,559,000 7,017,881 #* Sinofert Holdings, Ltd. 16,413,327 2,265,999 * Sinolink Worldwide Holdings, Ltd. 13,700,800 1,892,571 #* SinoMedia Holding, Ltd. 1,126,000 259,277 Sinopec Engineering Group Co., Ltd. Class H 6,396,000 5,739,562 # Sinopec Kantons Holdings, Ltd. 6,206,000 3,747,495 # Sinosoft Technology Group, Ltd. 4,194,599 1,258,981 # Sinotrans Shipping, Ltd. 9,239,086 2,316,018 Sinotrans, Ltd. Class H 14,126,000 7,173,340 # Sinotruk Hong Kong, Ltd. 5,210,000 5,462,971 * Skyfame Realty Holdings, Ltd. 7,794,000 1,197,814 Skyworth Digital Holdings, Ltd. 12,749,628 6,830,922 # SMI Holdings Group, Ltd. 6,198,413 3,255,096 SOHO China, Ltd. 15,316,500 8,343,908 * Sohu.com, Inc. 194,172 11,034,795 * Sound Global, Ltd. 494,000 189,737 #* Sparkle Roll Group, Ltd. 5,168,000 383,506 Springland International Holdings, Ltd. 4,998,000 966,538 #* SPT Energy Group, Inc. 4,970,000 330,150 * SRE Group, Ltd. 29,918,346 696,367 SSY Group, Ltd. 14,361,152 6,338,494 Suchuang Gas Corp., Ltd. 40,000 16,125 Sun King Power Electronics Group 2,892,000 665,295 Sunac China Holdings, Ltd. 4,950,000 13,168,013 #* Suncity Group Holdings, Ltd. 3,050,000 210,862 * Sunshine 100 China Holdings, Ltd. 130,000 54,109 Symphony Holdings, Ltd. 7,900,000 697,312 Tang Palace China Holdings, Ltd. 26,000 13,015 Tarena International, Inc. ADR 256,026 4,941,302 * Taung Gold International, Ltd. 27,990,000 247,000 TCC International Holdings, Ltd. 10,264,647 4,689,700 #* TCL Multimedia Technology Holdings, Ltd. 3,758,510 1,851,920 * Tech Pro Technology Development, Ltd. 43,862,000 460,335 #* Technovator International, Ltd. 3,842,000 1,188,422 Ten Pao Group Holdings, Ltd. 284,000 76,988 Tenfu Cayman Holdings Co., Ltd. 216,000 71,868 # Tenwow International Holdings, Ltd. 3,728,000 700,853 * Tesson Holdings, Ltd. 129,000 19,148 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- CHINA -- (Continued) Texhong Textile Group, Ltd. 2,011,500 $2,161,918 * Tian An China Investment Co., Ltd. 1,598,000 1,083,813 Tian Shan Development Holdings, Ltd. 1,742,000 706,906 Tiande Chemical Holdings, Ltd. 592,000 168,127 Tiangong International Co., Ltd. 9,288,000 974,096 # Tianjin Capital Environmental Protection Group Co., Ltd. Class H 2,718,000 1,744,049 Tianjin Development Holdings, Ltd. 4,024,000 2,325,728 Tianjin Port Development Holdings, Ltd. 14,388,800 2,392,736 Tianneng Power International, Ltd. 6,014,048 4,769,066 Tianyi Summi Holdings, Ltd. 3,872,000 550,132 #* Tibet Water Resources, Ltd. 11,579,000 4,651,497 Time Watch Investments, Ltd. 1,456,000 189,965 Tomson Group, Ltd. 1,940,641 998,063 # Tong Ren Tang Technologies Co., Ltd. Class H 4,173,000 6,048,564 # Tongda Group Holdings, Ltd. 23,530,000 6,825,595 Tonly Electronics Holdings, Ltd. 584,176 609,726 Top Spring International Holdings, Ltd. 500,500 159,412 * Tou Rong Chang Fu Group, Ltd. 8,768,000 158,150 Towngas China Co., Ltd. 7,254,657 5,114,479 TPV Technology, Ltd. 5,291,964 1,224,061 # Trigiant Group, Ltd. 3,788,000 542,392 * Trony Solar Holdings Co., Ltd. 1,757,000 26,543 # Truly International Holdings, Ltd. 8,919,573 2,988,310 * Tuniu Corp. Sponsored ADR 38,007 302,536 # Uni-President China Holdings, Ltd. 8,237,000 6,396,712 #* United Energy Group, Ltd. 38,598,900 1,407,045 # Universal Medical Financial & Technical Advisory Services Co., Ltd. 4,408,500 3,507,423 #* V1 Group, Ltd. 13,723,600 474,437 Vinda International Holdings, Ltd. 746,000 1,406,786 * Wanguo International Mining Group, Ltd. 154,000 35,651 # Wasion Group Holdings, Ltd. 4,144,000 1,833,860 * Weiqiao Textile Co. Class H 2,668,000 1,467,400 Welling Holding, Ltd. 7,400,000 1,607,374 Wenzhou Kangning Hospital Co., Ltd. 2,700 11,668 * West China Cement, Ltd. 17,834,000 2,555,782 #* Wisdom Sports Group 1,072,000 154,958 * Wuzhou International Holdings, Ltd. 5,638,000 476,156 Xiabuxiabu Catering Management China Holdings Co., Ltd. 279,000 279,421 Xiamen International Port Co., Ltd. Class H 7,366,000 1,441,435 * Xinchen China Power Holdings, Ltd. 3,195,000 490,091 Xingda International Holdings, Ltd. 6,415,235 2,775,605 * Xingfa Aluminium Holdings, Ltd. 419,000 307,883 Xinhua Winshare Publishing and Media Co., Ltd. Class H 2,708,103 2,251,915 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H 5,127,598 714,216 * Xinming China Holdings, Ltd. 224,000 35,537 # Xinyi Solar Holdings, Ltd. 16,712,000 5,259,440 Xinyuan Real Estate Co., Ltd. ADR 29,413 162,360 # XTEP International Holdings, Ltd. 5,490,500 2,044,069 * Xunlei, Ltd. ADR 18,809 61,317 # Yadea Group Holdings, Ltd. 1,108,000 277,832 * Yanchang Petroleum International, Ltd. 30,720,000 722,814 # Yangtze Optical Fibre and Cable Joint Stock, Ltd. Co. Class H 1,018,000 2,211,299 #* Yashili International Holdings, Ltd. 3,908,000 704,790 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- -------------- CHINA -- (Continued) YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H 277,200 $ 680,661 Yida China Holdings, Ltd. 1,148,000 322,573 Yip's Chemical Holdings, Ltd. 1,916,000 796,800 * Yirendai, Ltd. ADR 227,197 8,692,557 * Youyuan International Holdings, Ltd. 2,951,070 1,133,331 * Yuanda China Holdings, Ltd. 12,884,000 241,864 #* YuanShengTai Dairy Farm, Ltd. 5,910,000 302,399 Yuexiu Property Co., Ltd. 54,806,284 10,303,010 # Yuexiu Transport Infrastructure, Ltd. 4,586,018 3,426,675 Yunnan Water Investment Co., Ltd. Class H 1,490,000 659,496 Yuzhou Properties Co., Ltd. 11,092,120 6,585,792 * YY, Inc. ADR 220,940 15,797,210 # Zhaojin Mining Industry Co., Ltd. Class H 7,759,000 6,378,518 Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H 1,635,400 1,005,798 * Zhong An Real Estate, Ltd. 6,744,400 2,202,228 # Zhongsheng Group Holdings, Ltd. 4,471,500 9,785,766 Zhuhai Holdings Investment Group, Ltd. 1,698,000 247,491 Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H 3,586,600 1,825,441 -------------- TOTAL CHINA 1,166,110,841 -------------- COLOMBIA -- (0.2%) Almacenes Exito SA 1,059,193 5,405,684 Bolsa de Valores de Colombia 29,054,344 244,217 Celsia SA ESP 1,445,196 2,294,012 * Cemex Latam Holdings SA 962,364 3,512,824 Constructora Conconcreto SA 293,150 100,624 Corp. Financiera Colombiana SA 47,865 463,565 * Empresa de Telecomunicaciones de Bogota 3,376,051 661,386 Grupo Nutresa SA 8,484 75,858 Interconexion Electrica SA ESP 41,750 191,264 Mineros SA 115,553 102,546 * Odinsa SA 19,092 56,040 Promigas SA ESP 10,240 21,604 -------------- TOTAL COLOMBIA 13,129,624 -------------- GREECE -- (0.3%) Aegean Airlines SA 207,860 2,033,590 Athens Water Supply & Sewage Co. SA (The) 125,722 920,687 Bank of Greece 142,242 2,280,635 * Ellaktor SA 801,522 1,562,146 Fourlis Holdings SA 278,982 1,913,252 * GEK Terna Holding Real Estate Construction SA 475,188 2,126,363 Hellenic Exchanges - Athens Stock Exchange SA 437,421 2,754,235 * Iaso SA 282,999 389,911 * Intracom Holdings SA 664,642 458,835 * Intralot SA-Integrated Lottery Systems & Services 848,730 1,184,261 * Lamda Development SA 92,510 731,163 * Marfin Investment Group Holdings SA 5,032,612 800,780 * Mytilineos Holdings SA 522,191 5,187,466 Piraeus Port Authority SA 42,172 789,034 Sarantis SA 93,848 1,367,401 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- GREECE -- (Continued) Terna Energy SA 257,713 $ 1,188,759 ----------- TOTAL GREECE 25,688,518 ----------- HONG KONG -- (0.0%) Asiasec Properties, Ltd. 179,790 48,052 Goodbaby International Holdings, Ltd. 3,783,000 1,853,879 Microport Scientific Corp. 733,000 577,693 Samson Holding, Ltd. 797,000 76,479 ----------- TOTAL HONG KONG 2,556,103 ----------- HUNGARY -- (0.1%) Magyar Telekom Telecommunications P.L.C. 2,023,725 3,656,789 Richter Gedeon Nyrt 162,540 4,158,471 ----------- TOTAL HUNGARY 7,815,260 ----------- INDIA -- (13.6%) * 3M India, Ltd. 6,495 1,356,630 * 8K Miles Software Services, Ltd. 29,405 249,888 * Aarti Drugs, Ltd. 1,105 9,735 * Aarti Industries 201,976 3,046,696 * Aban Offshore, Ltd. 137,519 395,686 Abbott India, Ltd. 5,119 357,120 Accelya Kale Solutions, Ltd. 3,300 73,304 Adani Enterprises, Ltd. 1,642,031 3,541,283 * Adani Power, Ltd. 6,769,452 3,527,852 * Adani Transmissions, Ltd. 522,126 1,014,736 * Aditya Birla Capital, Ltd. 515,058 1,243,341 * Aditya Birla Fashion and Retail, Ltd. 258,803 697,894 Aegis Logistics, Ltd. 898,217 2,646,256 Agro Tech Foods, Ltd. 62,964 504,351 * Ahluwalia Contracts India Ltd. 19,575 85,394 AIA Engineering, Ltd. 240,532 5,414,922 Ajanta Pharma, Ltd. 193,343 4,211,010 Akzo Nobel India, Ltd. 78,036 2,164,896 Alembic Pharmaceuticals, Ltd. 468,660 3,896,283 Alembic, Ltd. 624,014 399,070 * Allahabad Bank 1,121,891 1,316,573 * Allcargo Logistics, Ltd. 442,806 1,185,645 * Alok Industries, Ltd. 313,271 17,815 Amara Raja Batteries, Ltd. 193,035 2,513,184 * Amtek Auto, Ltd. 217,501 96,296 Anant Raj, Ltd. 396,539 391,509 Andhra Bank 1,312,648 1,172,049 * Apar Industries, Ltd. 98,495 1,205,800 APL Apollo Tubes, Ltd. 15,868 392,854 * Apollo Hospitals Enterprise, Ltd. 131,123 2,572,291 Apollo Tyres, Ltd. 2,135,080 8,855,173 * Arvind SmartSpaces, Ltd. 14,891 33,226 Arvind, Ltd. 1,218,343 6,940,261 Asahi India Glass, Ltd. 455,052 2,071,911 * Ashiana Housing, Ltd. 60,216 171,921 Ashok Leyland, Ltd. 987,355 1,679,614 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- INDIA -- (Continued) Ashoka Buildcon, Ltd. 257,643 $ 745,971 Astra Microwave Products, Ltd. 63,332 132,403 Astral Polytechnik, Ltd. 76,878 748,901 Atul, Ltd. 66,521 2,284,249 Automotive Axles, Ltd. 11,656 132,271 Bajaj Corp., Ltd. 405,092 2,524,075 Bajaj Electricals, Ltd. 287,101 1,458,661 * Bajaj Hindusthan Sugar, Ltd. 2,751,813 679,760 Bajaj Holdings & Investment, Ltd. 124,491 4,694,873 Balaji Amines, Ltd. 5,914 30,515 Balkrishna Industries, Ltd. 282,201 7,190,227 * Ballarpur Industries, Ltd. 1,005,483 260,140 Balmer Lawrie & Co., Ltd. 413,838 1,618,911 Balrampur Chini Mills, Ltd. 1,243,773 3,184,819 Banco Products India, Ltd. 48,527 176,293 * Bank of India 1,787,393 4,624,010 * Bank Of Maharashtra 654,671 299,629 Bannari Amman Sugars, Ltd. 14,297 468,190 BASF India, Ltd. 87,802 2,040,419 Bata India, Ltd. 261,464 2,399,141 BEML, Ltd. 110,323 2,973,582 Berger Paints India, Ltd. 2,412,762 9,327,936 * BF Utilities, Ltd. 80,023 473,770 * Bharat Financial Inclusion, Ltd. 367,223 4,826,823 Bharat Forge, Ltd. 51,692 924,537 Biocon, Ltd. 1,280,367 7,697,459 Birla Corp., Ltd. 167,366 2,482,418 Bliss Gvs Pharma, Ltd. 125,208 320,780 Blue Dart Express, Ltd. 33,643 2,232,594 Blue Star, Ltd. 212,221 2,293,590 Bodal Chemicals, Ltd. 213,201 608,099 Bombay Dyeing & Manufacturing Co., Ltd. 737,242 955,101 * Brigade Enterprises, Ltd. 196,245 860,865 Camlin Fine Sciences, Ltd. 14,841 19,617 Can Fin Homes, Ltd. 50,330 2,422,137 Canara Bank 675,656 3,871,156 Capital First, Ltd. 172,762 2,074,400 Caplin Point Laboratories, Ltd. 71,367 757,932 Carborundum Universal, Ltd. 369,892 1,960,593 Care Ratings, Ltd. 102,586 2,583,920 Castrol India, Ltd. 143,098 894,007 CCL Products India, Ltd. 386,822 1,712,202 Ceat, Ltd. 189,680 5,541,169 * Century Plyboards India, Ltd. 552,367 2,544,018 Century Textiles & Industries, Ltd. 239,899 4,445,614 Cera Sanitaryware, Ltd. 15,339 704,798 CESC, Ltd. 632,178 9,297,061 * CG Power and Industrial Solutions, Ltd. 3,403,119 4,504,521 Chambal Fertilizers and Chemicals, Ltd. 1,130,592 2,383,533 Chennai Petroleum Corp., Ltd. 356,359 2,149,647 Chennai Super Kings Cricket, Ltd. 1,658,632 10,908 Cholamandalam Investment and Finance Co., Ltd. 204,067 3,816,147 * Cigniti Technologies, Ltd. 1,895 7,767 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) City Union Bank, Ltd. 961,209 $ 2,696,449 Clariant Chemicals India, Ltd. 56,876 598,471 * Coffee Day Enterprises, Ltd. 17,561 66,938 Coromandel International, Ltd. 571,426 4,018,554 * Corp. Bank 1,304,019 1,030,796 Cox & Kings, Ltd. 741,911 3,280,782 CRISIL, Ltd. 86,676 2,507,288 Crompton Greaves Consumer Electricals, Ltd. 3,446,457 11,741,718 Cummins India, Ltd. 367 5,647 Cyient, Ltd. 412,470 3,374,246 * Dalmia Bharat Sugar & Industries, Ltd. 80,558 192,579 * Dalmia Bharat, Ltd. 147,822 6,130,047 DB Corp., Ltd. 131,671 771,713 * DB Realty, Ltd. 525,649 363,013 DCB Bank, Ltd. 1,821,734 5,546,736 DCM Shriram, Ltd. 305,718 1,764,235 * Deepak Fertilisers & Petrochemicals Corp., Ltd. 233,813 1,307,688 Deepak Nitrite, Ltd. 135,807 345,889 Delta Corp., Ltd. 851,544 2,262,611 * DEN Networks, Ltd. 450,304 593,319 * Dena Bank 1,251,365 666,070 Dewan Housing Finance Corp., Ltd. 1,161,690 8,272,140 Dhampur Sugar Mills, Ltd. 3,338 12,686 * Dhanuka Agritech, Ltd. 38,324 448,137 * Dish TV India, Ltd. 3,118,653 4,044,585 Dishman Carbogen Amcis, Ltd. 699,600 3,284,730 * DLF, Ltd. 364,025 1,094,590 Dr Lal PathLabs, Ltd. 4,929 63,505 * Dynamatic Technologies, Ltd. 8,983 336,139 eClerx Services, Ltd. 142,822 2,895,404 Edelweiss Financial Services, Ltd. 2,290,520 7,303,791 EID Parry India, Ltd. 533,750 2,811,794 EIH, Ltd. 989,562 2,123,994 Electrosteel Castings, Ltd. 607,641 312,444 Elgi Equipments, Ltd. 296,115 1,093,762 Emami, Ltd. 12,892 223,177 Engineers India, Ltd. 1,496,253 3,703,594 Entertainment Network India, Ltd. 66,516 944,766 * Eros International Media, Ltd. 222,553 768,216 Escorts, Ltd. 715,425 7,461,500 Essel Propack, Ltd. 431,836 1,655,489 * Eveready Industries India, Ltd. 259,833 1,246,414 Exide Industries, Ltd. 1,380,678 4,681,717 * FDC, Ltd. 449,623 1,268,797 Federal Bank, Ltd. 8,667,989 15,594,785 * Federal-Mogul Goetze India, Ltd. 77,128 648,838 FIEM Industries, Ltd. 17,120 239,401 Finolex Cables, Ltd. 764,245 5,560,008 Finolex Industries, Ltd. 318,547 3,020,891 * Firstsource Solutions, Ltd. 1,861,967 1,051,544 * Fortis Healthcare, Ltd. 518,804 1,257,208 * Future Consumer, Ltd. 2,972,865 1,957,815 Future Enterprises, Ltd. 472,111 280,602 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- INDIA -- (Continued) * Future Retail, Ltd. 983,154 $6,183,270 Gabriel India, Ltd. 435,969 1,083,246 Garware Wall Ropes, Ltd. 11,338 157,487 Gateway Distriparks, Ltd. 681,275 2,896,144 Gati, Ltd. 273,618 515,888 Gayatri Projects, Ltd. 181,603 477,615 GE Power India, Ltd. 154,509 1,734,433 GE T&D India, Ltd. 145,313 892,145 Genus Power Infrastructures, Ltd. 38,419 30,065 GHCL, Ltd. 197,751 727,374 GIC Housing Finance, Ltd. 103,084 831,205 Gillette India, Ltd. 19,465 1,593,229 GlaxoSmithKline Consumer Healthcare, Ltd. 746 63,660 GlaxoSmithKline Pharmaceuticals, Ltd. 7,932 295,699 * GMR Infrastructure, Ltd. 15,924,296 4,652,460 GOCL Corp., Ltd. 76,450 528,474 Godfrey Phillips India, Ltd. 63,011 1,113,299 * Godrej Industries, Ltd. 422,968 4,373,572 * Godrej Properties, Ltd. 530,157 4,289,041 Granules India, Ltd. 543,263 1,153,693 Graphite India, Ltd. 397,865 1,278,781 Grasim Industries, Ltd. 367,899 6,127,610 Great Eastern Shipping Co., Ltd. (The) 522,487 3,224,538 Greaves Cotton, Ltd. 568,315 1,426,357 Greenply Industries, Ltd. 74,691 316,941 Grindwell Norton, Ltd. 60,601 402,636 Gruh Finance, Ltd. 630,894 4,909,266 Gujarat Alkalies & Chemicals, Ltd. 188,929 1,170,060 * Gujarat Ambuja Exports, Ltd. 36,931 68,467 * Gujarat Fluorochemicals, Ltd. 224,424 2,718,330 Gujarat Gas, Ltd. 319,983 3,805,171 Gujarat Industries Power Co., Ltd. 178,351 355,489 Gujarat Mineral Development Corp., Ltd. 803,287 1,778,436 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd. 266,808 1,241,256 Gujarat Pipavav Port, Ltd. 1,038,829 2,395,823 Gujarat State Fertilizers & Chemicals, Ltd. 969,096 2,078,297 Gujarat State Petronet, Ltd. 1,250,382 3,819,907 Gulf Oil Lubricants India, Ltd. 84,296 1,064,399 * GVK Power & Infrastructure, Ltd. 5,289,365 1,063,129 * Hathway Cable & Datacom, Ltd. 2,091,712 1,060,102 Hatsun Agro Products, Ltd. 8,866 86,675 * HCL Infosystems, Ltd. 602,621 454,626 HCL Technologies, Ltd. 22,549 313,354 * HEG, Ltd. 36,273 280,844 * HeidelbergCement India, Ltd. 547,065 1,099,932 Heritage Foods, Ltd. 21,815 424,098 Hexaware Technologies, Ltd. 1,375,621 5,630,186 Hikal, Ltd. 115,702 399,127 * Himachal Futuristic Communications, Ltd. 3,834,328 1,087,431 Himadri Speciality Chemical, Ltd. 468,251 630,284 Himatsingka Seide, Ltd. 239,389 1,319,381 Hinduja Global Solutions, Ltd. 17,423 142,840 * Hinduja Ventures, Ltd. 27,826 196,435 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) * Hindustan Construction Co., Ltd. 3,553,749 $ 2,269,760 Hindustan Media Ventures, Ltd. 25,017 107,751 Honda SIEL Power Products, Ltd. 2,618 61,930 Honeywell Automation India, Ltd. 13,522 2,605,399 * Housing Development & Infrastructure, Ltd. 2,608,534 3,525,531 HSIL, Ltd. 238,038 1,399,087 HT Media, Ltd. 550,399 789,598 Huhtamaki PPL, Ltd. 126,615 499,610 ICRA, Ltd. 2,834 174,633 * IDBI Bank, Ltd. 3,706,075 3,445,065 IDFC Bank, Ltd. 378,805 351,787 * IFB Industries, Ltd. 39,581 439,041 * IFCI, Ltd. 5,221,683 2,197,348 Igarashi Motors India, Ltd. 20,203 318,006 IIFL Holdings, Ltd. 1,528,930 14,191,011 * IL&FS Transportation Networks, Ltd. 807,052 1,154,229 India Cements, Ltd. (The) 1,763,985 5,630,357 * Indiabulls Real Estate, Ltd. 1,742,204 6,151,218 Indiabulls Ventures, Ltd. 153,526 453,951 Indian Bank 673,455 3,277,593 Indian Hotels Co., Ltd. 2,977,271 5,777,778 Indian Hume Pipe Co., Ltd. 26,375 227,008 Indian Metals & Ferro Alloys, Ltd. 3,388 28,226 * Indian Overseas Bank 2,002,490 780,393 Indo Count Industries, Ltd. 435,926 1,009,050 Indoco Remedies, Ltd. 272,994 850,806 Indraprastha Gas, Ltd. 235,051 4,318,504 INEOS Styrolution India, Ltd. 23,441 401,214 Ingersoll-Rand India, Ltd. 78,519 1,050,528 * Inox Leisure, Ltd. 371,172 1,479,697 * Inox Wind, Ltd. 123,201 263,654 * Intellect Design Arena, Ltd. 270,440 462,072 * International Paper APPM, Ltd. 17,557 87,179 Ipca Laboratories, Ltd. 375,952 2,812,050 IRB Infrastructure Developers, Ltd. 1,464,915 5,162,120 ITD Cementation India, Ltd. 308,066 791,801 J Kumar Infraprojects, Ltd. 28,792 129,562 * Jagran Prakashan, Ltd. 810,105 2,222,652 Jai Corp., Ltd. 104,735 139,861 Jain Irrigation Systems, Ltd. 2,913,946 4,817,030 * Jaiprakash Associates, Ltd. 10,389,053 4,748,701 * Jaiprakash Power Ventures, Ltd. 8,853,430 1,028,009 Jammu & Kashmir Bank, Ltd. (The) 2,109,565 2,743,542 Jamna Auto Industries, Ltd. 140,012 561,042 * Jaypee Infratech, Ltd. 3,812,775 1,299,353 JB Chemicals & Pharmaceuticals, Ltd. 215,061 1,038,114 JBF Industries, Ltd. 241,503 790,194 * Jet Airways India, Ltd. 153,849 1,426,634 Jindal Poly Films, Ltd. 130,599 767,771 Jindal Saw, Ltd. 1,136,957 1,830,094 * Jindal Stainless Hisar, Ltd. 205,718 520,730 * Jindal Steel & Power, Ltd. 3,202,653 7,628,739 * JITF Infralogistics, Ltd. 91,395 64,059 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) JK Cement, Ltd. 180,313 $ 2,839,392 JK Lakshmi Cement, Ltd. 291,833 2,093,326 JK Tyre & Industries, Ltd. 499,450 1,256,633 JM Financial, Ltd. 2,268,631 4,254,938 Johnson Controls-Hitachi Air Conditioning India, Ltd. 66,394 2,092,387 JSW Energy, Ltd. 3,100,743 3,382,897 * JSW Holdings, Ltd. 22,564 611,248 Jubilant Foodworks, Ltd. 296,186 6,043,582 Jubilant Life Sciences, Ltd. 505,015 5,630,666 * Just Dial, Ltd. 283,534 1,669,963 Jyothy Laboratories, Ltd. 416,597 2,397,258 Kajaria Ceramics, Ltd. 595,639 6,311,160 * Kalpataru Power Transmission, Ltd. 419,830 2,264,268 Kalyani Steels, Ltd. 98,899 681,878 Kansai Nerolac Paints, Ltd. 474,998 3,361,025 Karnataka Bank, Ltd. (The) 1,457,310 3,496,854 Karur Vysya Bank, Ltd. (The) 2,359,560 5,164,824 * Kaveri Seed Co., Ltd. 205,478 2,216,383 * KAYA, Ltd. 6,469 91,090 * KCP, Ltd. 205,599 331,968 KEC International, Ltd. 766,919 3,652,348 KEI Industries, Ltd. 128,221 463,485 * Kesoram Industries, Ltd. 94,499 207,654 Kewal Kiran Clothing, Ltd. 1,598 42,685 Kirloskar Brothers, Ltd. 63,734 244,586 Kirloskar Oil Engines, Ltd. 257,475 1,601,435 Kitex Garments, Ltd. 99,803 407,095 * KNR Constructions, Ltd. 76,692 252,149 Kolte-Patil Developers, Ltd. 31,126 81,828 KPIT Technologies, Ltd. 1,237,641 2,461,738 KPR Mill, Ltd. 72,584 895,958 * KRBL, Ltd. 534,653 3,826,756 KSB Pumps, Ltd. 55,673 646,923 Kwality, Ltd. 227,403 516,026 L&T Finance Holdings, Ltd. 3,759,476 10,246,058 LA Opala RG, Ltd. 45,832 366,252 Lakshmi Machine Works, Ltd. 26,279 2,423,740 Lakshmi Vilas Bank, Ltd. (The) 471,473 1,315,137 * Lanco Infratech, Ltd. 4,407,406 85,919 Linde India, Ltd. 42,713 290,494 LT Foods, Ltd. 54,154 59,511 Magma Fincorp, Ltd. 79,915 209,458 Maharashtra Seamless, Ltd. 210,955 1,321,020 Mahindra & Mahindra Financial Services, Ltd. 1,488,242 9,292,386 * Mahindra CIE Automotive, Ltd. 262,542 1,023,641 Mahindra Holidays & Resorts India, Ltd. 303,408 1,937,742 Mahindra Lifespace Developers, Ltd. 141,047 925,516 * Majesco, Ltd. 47,137 273,951 Man Infraconstruction, Ltd. 220,960 223,520 Manappuram Finance, Ltd. 2,743,178 4,561,450 * Mangalore Refinery & Petrochemicals, Ltd. 1,063,064 2,050,302 Marksans Pharma, Ltd. 747,546 494,289 Max Financial Services, Ltd. 253,189 2,403,473 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) * MAX India, Ltd. 960,513 $ 2,238,077 * Max Ventures & Industries, Ltd. 13,682 17,692 Mayur Uniquoters, Ltd. 37,192 209,423 McLeod Russel India, Ltd. 439,710 1,201,645 Meghmani Organics, Ltd. 161,551 130,872 Merck, Ltd. 46,217 885,258 Minda Corp., Ltd. 84,202 138,196 Minda Industries, Ltd. 64,321 794,449 MindTree, Ltd. 806,827 5,990,784 Mirza International, Ltd. 43,301 104,635 MOIL, Ltd. 99,057 545,140 Monsanto India, Ltd. 47,843 2,039,729 Motilal Oswal Financial Services, Ltd. 106,737 1,775,036 Mphasis, Ltd. 542,486 5,090,748 * MPS, Ltd. 36,728 331,734 MRF, Ltd. 9,327 10,042,952 Muthoot Finance, Ltd. 659,998 4,879,262 * Nagarjuna Fertilizers & Chemicals, Ltd. 568,337 122,884 Natco Pharma, Ltd. 538,216 8,201,322 National Aluminium Co., Ltd. 3,342,747 3,646,145 Nava Bharat Ventures, Ltd. 181,310 388,621 Navin Fluorine International, Ltd. 51,465 557,958 * Navkar Corp., Ltd. 38,490 121,708 Navneet Education, Ltd. 731,195 1,871,232 NCC, Ltd. 3,509,710 4,877,102 Nectar Lifesciences, Ltd. 229,932 110,813 * NESCO, Ltd. 40,254 1,541,162 * Network 18 Media & Investments, Ltd. 315,927 273,463 Neuland Laboratories, Ltd. 11,961 269,122 NIIT Technologies, Ltd. 306,008 2,444,270 * NIIT, Ltd. 554,088 844,141 Nilkamal, Ltd. 57,906 1,688,995 NOCIL, Ltd. 394,404 887,212 NRB Bearings, Ltd. 1,648 3,182 Nucleus Software Exports, Ltd. 13,787 61,214 * Oberoi Realty, Ltd. 631,278 3,776,289 * OCL India, Ltd. 73,065 1,402,118 Omaxe, Ltd. 352,209 1,122,730 OnMobile Global, Ltd. 209,843 211,096 Orient Cement, Ltd. 404,198 982,455 Orient Paper & Industries, Ltd. 113,249 176,748 Orient Refractories, Ltd. 63,238 146,868 Oriental Bank of Commerce 588,747 1,353,583 Orissa Minerals Development Co., Ltd. 1 31 Page Industries, Ltd. 32,419 8,294,495 * Parsvnath Developers, Ltd. 9,193 3,352 PC Jeweller, Ltd. 836,526 3,336,683 Persistent Systems, Ltd. 271,838 2,743,001 Pfizer, Ltd. 89,525 2,503,011 Phillips Carbon Black, Ltd. 43,407 394,716 Phoenix Mills, Ltd. (The) 336,812 2,567,202 PI Industries, Ltd. 437,024 5,202,757 * Polaris Consulting & Services, Ltd. 49,344 177,692 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Poly Medicure, Ltd. 24,809 $ 85,642 * Praj Industries, Ltd. 595,587 716,413 * Prestige Estates Projects, Ltd. 628,433 2,634,217 * Prism Cement, Ltd. 560,060 1,052,182 Procter & Gamble Hygiene & Health Care, Ltd. 192 24,091 PTC India Financial Services, Ltd. 1,650,202 1,033,591 PTC India, Ltd. 1,758,724 3,311,569 Puravankara, Ltd. 389,976 461,870 PVR, Ltd. 174,195 3,644,963 Radico Khaitan, Ltd. 378,681 831,274 Rain Industries, Ltd. 740,928 1,497,892 Rajesh Exports, Ltd. 348,160 3,863,452 Rallis India, Ltd. 493,675 1,856,520 Ramco Cements, Ltd. (The) 485,411 5,146,845 Ramco Industries, Ltd. 124,583 449,567 * Ramco Systems, Ltd. 28,350 190,571 Ramkrishna Forgings, Ltd. 26,627 219,652 Rashtriya Chemicals & Fertilizers, Ltd. 274,978 373,146 * Ratnamani Metals & Tubes, Ltd. 51,883 663,016 * RattanIndia Power, Ltd. 3,417,228 354,186 Raymond, Ltd. 247,409 3,048,119 Redington India, Ltd. 1,708,321 3,984,669 Relaxo Footwears, Ltd. 110,994 823,824 Reliance Capital, Ltd. 983,665 11,062,006 * Reliance Communications, Ltd. 4,294,802 1,756,174 * Reliance Defence and Engineering, Ltd. 855,404 828,464 Reliance Infrastructure, Ltd. 994,174 8,181,823 * Reliance Power, Ltd. 5,374,443 3,781,961 Repco Home Finance, Ltd. 138,014 1,602,927 * Rolta India, Ltd. 356,162 322,812 * Ruchi Soya Industries, Ltd. 720,843 263,448 Rural Electrification Corp., Ltd. 216,224 589,100 Sadbhav Engineering, Ltd. 395,489 1,806,802 * Sagar Cements, Ltd. 2,601 34,053 Sangam India, Ltd. 15,684 64,636 Sanghvi Movers, Ltd. 38,342 139,386 Sanofi India, Ltd. 38,660 2,590,249 Schaeffler India, Ltd. 36,354 2,566,998 * SH Kelkar & Co., Ltd. 50,936 210,411 Sharda Cropchem, Ltd. 69,444 512,812 Shemaroo Entertainment, Ltd. 16,694 94,265 Shilpa Medicare, Ltd. 71,749 739,181 Shilpi Cable Technologies, Ltd. 97,023 50,409 * Shipping Corp. of India, Ltd. 975,179 1,256,455 Shoppers Stop, Ltd. 61,138 335,581 Shriram City Union Finance, Ltd. 28,963 1,032,346 * Shriram EPC Ltd. 8,140 2,999 Shriram Transport Finance Co., Ltd. 90,738 1,448,183 * Shyam Century Ferrous, Ltd. 59,958 8,477 * Sical Logistics, Ltd. 45,604 183,679 Simplex Infrastructures, Ltd. 101,949 764,882 Sintex Industries, Ltd. 3,697,541 2,147,141 * Sintex Plastics Technology, Ltd. 3,697,541 4,925,155 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- INDIA -- (Continued) * SITI Networks, Ltd. 1,597,465 $ 642,387 * Siyaram Silk Mills, Ltd. 1,042 33,890 SJVN, Ltd. 3,015,613 1,565,637 SKF India, Ltd. 130,203 3,171,987 Skipper, Ltd. 61,321 219,902 SML ISUZU, Ltd. 42,899 749,860 Sobha, Ltd. 382,591 2,384,876 Solar Industries India, Ltd. 140,252 1,951,779 Somany Ceramics, Ltd. 20,201 251,864 Sonata Software, Ltd. 341,739 889,363 South Indian Bank, Ltd. (The) 6,588,178 3,107,447 SREI Infrastructure Finance, Ltd. 1,205,273 2,197,469 SRF, Ltd. 130,770 3,094,791 * Star Cement, Ltd. 183,269 362,816 State Bank of India 640,412 3,121,504 * Steel Authority of India, Ltd. 1,324,841 1,306,550 Sterlite Technologies, Ltd. 1,319,184 4,342,110 Strides Shasun, Ltd. 353,724 5,823,307 Subros, Ltd. 37,183 137,724 Sudarshan Chemical Industries, Ltd. 72,354 467,680 Sun TV Network, Ltd. 549,097 6,695,163 Sundaram Finance, Ltd. 56,821 1,489,992 Sundaram-Clayton, Ltd. 4,500 316,237 Sundram Fasteners, Ltd. 518,097 3,335,539 Sunteck Realty, Ltd. 25,282 90,387 Suprajit Engineering, Ltd. 143,414 657,581 Supreme Industries, Ltd. 309,088 5,363,070 Supreme Petrochem, Ltd. 141,992 771,746 Sutlej Textiles and Industries, Ltd. 2,545 35,531 Suven Life Sciences, Ltd. 94,365 244,268 * Suzlon Energy, Ltd. 15,310,443 4,521,602 Swaraj Engines, Ltd. 18,926 619,431 Symphony, Ltd. 54,894 1,231,899 * Syndicate Bank 1,354,916 1,554,554 Syngene International, Ltd. 85,483 631,369 TAKE Solutions, Ltd. 380,390 880,791 Tamil Nadu Newsprint & Papers, Ltd. 173,348 1,003,026 Tata Chemicals, Ltd. 600,945 5,794,740 Tata Communications, Ltd. 281,732 2,949,108 Tata Elxsi, Ltd. 68,152 1,857,087 Tata Global Beverages, Ltd. 2,778,424 7,368,283 Tata Metaliks, Ltd. 12,319 128,866 Tata Power Co., Ltd. (The) 1,742,793 2,227,852 Tata Sponge Iron, Ltd. 33,375 432,876 * Tata Teleservices Maharashtra, Ltd. 4,512,759 545,155 TCI Express, Ltd. 123,000 1,047,304 Techno Electric & Engineering Co., Ltd. 261,424 1,485,602 Texmaco Rail & Engineering, Ltd. 364,781 531,741 Thermax, Ltd. 273,412 3,697,930 Thomas Cook India, Ltd. 134,239 471,151 Tide Water Oil Co India, Ltd. 4,129 379,129 Time Technoplast, Ltd. 533,479 1,361,108 Timken India, Ltd. 184,422 2,068,175 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) Titagarh Wagons, Ltd. 311,857 $ 593,894 Torrent Pharmaceuticals, Ltd. 21,081 431,973 Torrent Power, Ltd. 1,102,960 3,118,367 Transport Corp. of India, Ltd. 252,375 1,239,024 Trent, Ltd. 449,150 1,882,317 Trident, Ltd. 350,865 452,392 * Triveni Engineering & Industries, Ltd. 344,665 433,976 Triveni Turbine, Ltd. 389,981 864,623 TTK Prestige, Ltd. 28,839 2,864,543 Tube Investments of India, Ltd. 522,196 6,355,670 TV Today Network, Ltd. 2,819 10,635 * TV18 Broadcast, Ltd. 4,354,184 2,713,602 TVS Motor Co., Ltd. 1,267,610 11,496,634 * TVS Srichakra, Ltd. 5,479 308,169 * UCO Bank 1,375,491 712,296 Uflex, Ltd. 232,965 1,613,357 UFO Moviez India, Ltd. 12,448 72,839 Unichem Laboratories, Ltd. 348,803 1,436,924 * Union Bank of India 1,291,040 3,186,663 * Unitech, Ltd. 12,950,453 1,766,877 United Breweries, Ltd. 61,577 782,345 UPL, Ltd. 206,926 2,820,835 V-Guard Industries, Ltd. 1,371,902 3,849,389 V-Mart Retail, Ltd. 24,534 451,505 VA Tech Wabag, Ltd. 263,438 2,501,258 * Vaibhav Global, Ltd. 4,093 34,199 Vakrangee, Ltd. 391,583 2,689,354 * Vardhman Textiles, Ltd. 155,477 2,964,042 Venky's India, Ltd. 12,635 416,097 Vesuvius India, Ltd. 2,399 52,870 * Videocon Industries, Ltd. 972,432 375,750 Vijaya Bank 1,960,399 2,140,222 Vinati Organics, Ltd. 45,419 732,367 VIP Industries, Ltd. 499,702 1,339,460 Voltas, Ltd. 905,833 7,126,373 VRL Logistics, Ltd. 91,716 465,051 VST Industries, Ltd. 28,398 1,363,819 * VST Tillers Tractors, Ltd. 6,236 213,592 WABCO India, Ltd. 27,357 2,335,292 Welspun Corp., Ltd. 775,975 1,569,364 * Welspun Enterprises, Ltd. 411,154 871,419 Welspun India, Ltd. 2,373,128 3,043,397 West Coast Paper Mills, Ltd. 97,769 306,629 Wheels India, Ltd. 1,361 31,379 * Whirlpool of India, Ltd. 79,761 1,457,847 Wockhardt, Ltd. 192,217 1,820,678 Wonderla Holidays, Ltd. 40,181 220,872 Zee Learn, Ltd. 169,347 114,254 Zee Media Corp., Ltd. 371,098 223,820 Zensar Technologies, Ltd. 115,503 1,442,861 Zuari Agro Chemicals, Ltd. 16,783 99,082 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ------------ INDIA -- (Continued) Zydus Wellness, Ltd. 97,622 $ 1,361,466 ------------ TOTAL INDIA 995,685,414 ------------ INDONESIA -- (2.8%) Ace Hardware Indonesia Tbk PT 55,652,000 4,638,713 Acset Indonusa Tbk PT 65,000 15,361 Adhi Karya Persero Tbk PT 17,727,988 2,951,893 Agung Podomoro Land Tbk PT 60,160,700 1,011,319 AKR Corporindo Tbk PT 12,913,100 6,687,090 Alam Sutera Realty Tbk PT 96,478,800 2,331,961 * Aneka Tambang Persero Tbk PT 82,396,491 4,266,395 Arwana Citramulia Tbk PT 29,196,500 968,372 Asahimas Flat Glass Tbk PT 978,600 468,491 Astra Agro Lestari Tbk PT 1,633,200 1,804,734 Astra Graphia Tbk PT 2,211,000 278,876 * Asuransi Kresna Mitra Tbk PT 2,927,500 152,747 * Bakrie and Brothers Tbk PT 168,801,300 633,448 * Bakrie Telecom Tbk PT 74,325,398 39,048 * Bank Artha Graha Internasional Tbk PT 6,018,100 41,962 Bank Bukopin Tbk 39,337,366 1,755,600 Bank Maybank Indonesia Tbk PT 4,652,500 109,589 * Bank Pan Indonesia Tbk PT 24,436,900 1,989,343 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 23,327,500 3,623,704 Bank Pembangunan Daerah Jawa Timur Tbk PT 30,906,500 1,460,686 * Bank Permata Tbk PT 32,060,302 1,696,668 Bank Tabungan Negara Persero Tbk PT 39,161,149 7,640,956 Bank Tabungan Pensiunan Nasional Tbk PT 149,700 28,318 * Barito Pacific Tbk PT 34,281,600 4,284,389 Bekasi Fajar Industrial Estate Tbk PT 49,654,100 1,155,114 * Benakat Integra Tbk PT 133,672,100 1,073,636 * Berau Coal Energy Tbk PT 40,089,600 46,261 BISI International Tbk PT 16,025,900 1,840,810 Blue Bird Tbk PT 1,870,900 671,322 * Bumi Resources Tbk PT 70,558,100 1,810,581 * Bumi Teknokultura Unggul Tbk PT 5,792,100 469,571 Catur Sentosa Adiprana Tbk PT 2,970,000 102,963 Ciputra Development Tbk PT 111,394,920 8,653,477 * Citra Marga Nusaphala Persada Tbk PT 18,383,402 1,854,619 * Clipan Finance Indonesia Tbk PT 1,482,000 34,456 * Delta Dunia Makmur Tbk PT 30,365,600 1,812,169 Dharma Satya Nusantara Tbk PT 2,071,600 73,140 * Eagle High Plantations Tbk PT 92,719,900 1,516,682 Elnusa Tbk PT 36,088,800 726,077 * Energi Mega Persada Tbk PT 11,975,437 44,945 Erajaya Swasembada Tbk PT 10,697,000 513,582 * Eureka Prima Jakarta Tbk PT 15,407,200 135,250 * Ever Shine Textile Tbk PT 3,654,640 34,835 Fajar Surya Wisesa Tbk PT 808,400 277,874 Gajah Tunggal Tbk PT 14,200,800 1,022,464 * Garuda Indonesia Persero Tbk PT 37,455,149 973,189 Global Mediacom Tbk PT 55,311,000 2,157,321 * Hanson International Tbk PT 337,687,600 3,294,899 * Harum Energy Tbk PT 7,398,500 1,222,176 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ---------- INDONESIA -- (Continued) Hexindo Adiperkasa Tbk PT 508,500 $ 158,425 Holcim Indonesia Tbk PT 6,836,200 400,386 Impack Pratama Industri Tbk PT 169,800 13,120 Indah Kiat Pulp & Paper Corp. Tbk PT 22,194,700 4,615,074 * Indika Energy Tbk PT 12,164,200 753,155 Indo Tambangraya Megah Tbk PT 3,117,200 4,679,103 Indomobil Sukses Internasional Tbk PT 24,000 1,947 Industri Jamu Dan Farmasi Sido Muncul Tbk PT 16,086,500 603,590 * Inovisi Infracom Tbk PT 1,806,467 2,974 Intiland Development Tbk PT 62,475,232 1,885,025 Japfa Comfeed Indonesia Tbk PT 41,880,500 3,660,488 Jaya Real Property Tbk PT 10,330,900 639,805 Kawasan Industri Jababeka Tbk PT 160,218,057 3,823,300 KMI Wire & Cable Tbk PT 12,932,400 469,888 * Krakatau Steel Persero Tbk PT 31,947,002 1,426,408 * Kresna Graha Investama Tbk PT 49,393,800 1,556,963 Link Net Tbk PT 5,669,400 2,149,333 * Lippo Cikarang Tbk PT 4,102,900 1,352,076 Lippo Karawaci Tbk PT 120,418,000 6,461,040 Malindo Feedmill Tbk PT 7,226,400 520,526 * Matahari Putra Prima Tbk PT 9,960,328 478,456 * Medco Energi Internasional Tbk PT 11,462,900 2,288,652 Media Nusantara Citra Tbk PT 23,145,100 3,124,845 * Mega Manunggal Property Tbk PT 1,096,800 48,571 Mitra Adiperkasa Tbk PT 7,264,900 3,434,768 Mitra Pinasthika Mustika Tbk PT 4,326,800 274,529 * MNC Investama Tbk PT 188,772,200 1,544,146 * MNC Land Tbk PT 1,031,700 95,839 * MNC Sky Vision Tbk PT 1,540,200 114,395 Modernland Realty Tbk PT 78,877,900 1,645,695 Multipolar Tbk PT 62,638,500 978,203 * Multistrada Arah Sarana Tbk PT 6,288,800 96,944 Nippon Indosari Corpindo Tbk PT 17,086,600 1,603,126 * Nirvana Development Tbk PT 16,367,300 90,948 * Nusantara Infrastructure Tbk PT 115,232,300 1,167,341 Pabrik Kertas Tjiwi Kimia Tbk PT 1,245,900 110,338 * Pacific Strategic Financial Tbk PT 7,114,900 238,184 Pakuwon Jati Tbk PT 19,517,800 1,039,668 Pan Brothers Tbk PT 24,076,900 912,532 * Panin Financial Tbk PT 140,698,300 2,638,843 Panin Sekuritas Tbk PT 31,500 6,618 * Paninvest Tbk PT 8,124,500 505,805 Pembangunan Perumahan Persero Tbk PT 22,994,014 5,231,853 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT 29,268,800 3,095,597 PP Properti Tbk PT 42,290,700 660,206 Ramayana Lestari Sentosa Tbk PT 31,831,800 2,257,774 Resource Alam Indonesia Tbk PT 2,456,000 64,878 Salim Ivomas Pratama Tbk PT 31,423,700 1,202,975 Samindo Resources Tbk PT 932,850 47,346 Sampoerna Agro PT 6,143,100 926,450 Sawit Sumbermas Sarana Tbk PT 16,017,700 1,761,046 * Sekawan Intipratama Tbk PT 9,367,900 21,796 Selamat Sempurna Tbk PT 22,056,800 1,862,804 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ------------ INDONESIA -- (Continued) Semen Baturaja Persero Tbk PT 23,037,700 $ 5,705,933 * Sentul City Tbk PT 224,342,500 1,548,931 * Siloam International Hospitals Tbk PT 3,064,800 2,219,743 Sinar Mas Agro Resources & Technology Tbk PT 1,037,460 296,759 Sri Rejeki Isman Tbk PT 79,510,931 2,015,677 Steel Pipe Industry of Indonesia PT 5,809,800 95,022 * Sugih Energy Tbk PT 162,320,200 609,127 Sumber Alfaria Trijaya Tbk PT 293,400 14,980 Summarecon Agung Tbk PT 59,249,964 4,356,210 Surya Semesta Internusa Tbk PT 33,789,500 1,737,834 Tambang Batubara Bukit Asam Persero Tbk PT 5,334,000 5,243,293 Tempo Scan Pacific Tbk PT 1,314,400 190,852 * Tiga Pilar Sejahtera Food Tbk 19,238,200 1,884,256 Timah Persero Tbk PT 28,205,714 1,703,893 Tiphone Mobile Indonesia Tbk PT 18,845,000 1,775,197 Total Bangun Persada Tbk PT 14,076,800 750,198 Tower Bersama Infrastructure Tbk PT 4,648,900 2,351,951 * Trada Maritime Tbk PT 35,459,800 274,201 Trias Sentosa Tbk PT 33,492,700 886,660 * Truba Alam Manunggal Engineering PT 21,316,500 17,598 Tunas Baru Lampung Tbk PT 18,102,400 2,018,051 Tunas Ridean Tbk PT 12,489,200 1,030,765 Ultrajaya Milk Industry & Trading Co. Tbk PT 3,657,400 1,371,610 Unggul Indah Cahaya Tbk PT 48,239 14,605 * Vale Indonesia Tbk PT 17,738,100 3,217,961 * Visi Media Asia Tbk PT 56,028,100 1,319,847 Waskita Karya Persero Tbk PT 5,394,500 967,400 Wijaya Karya Beton Tbk PT 20,302,800 922,466 Wijaya Karya Persero Tbk PT 27,871,707 4,349,113 * XL Axiata Tbk PT 2,505,500 631,892 ------------ TOTAL INDONESIA 204,662,898 ------------ MALAYSIA -- (3.6%) # 7-Eleven Malaysia Holdings Bhd Class B 2,103,700 672,873 # Aeon Co. M Bhd 4,056,700 2,075,464 # Aeon Credit Service M Bhd 475,800 1,510,915 Affin Holdings Bhd 1,512,020 907,595 #* AirAsia X Bhd 17,398,600 1,582,783 Ajinomoto Malaysia Bhd 50,500 305,505 * Alam Maritim Resources Bhd 2,546,300 80,280 Alliance Financial Group Bhd 2,474,900 2,272,344 Allianz Malaysia Bhd 94,100 318,586 Amway Malaysia Holdings Bhd 294,300 505,121 # Ann Joo Resources Bhd 787,050 556,790 APM Automotive Holdings Bhd 256,900 229,803 * Barakah Offshore Petroleum Bhd 1,884,200 255,305 Batu Kawan Bhd 2,900 12,868 Benalec Holdings Bhd 3,667,000 359,597 * Berjaya Assets BHD 848,300 243,513 #* Berjaya Corp. Bhd 24,173,627 1,863,235 Berjaya Food Bhd 296,000 96,780 * Berjaya Land Bhd 3,734,000 374,873 Berjaya Sports Toto Bhd 3,982,567 2,213,497 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- MALAYSIA -- (Continued) # Bermaz Auto Bhd 4,358,800 $1,994,745 BIMB Holdings Bhd 1,457,008 1,483,345 Bintulu Port Holdings Bhd 25,900 37,771 Bonia Corp. Bhd 1,427,000 191,717 #* Borneo Oil Bhd 6,671,999 156,238 Boustead Holdings Bhd 2,494,328 1,566,456 # Boustead Plantations Bhd 1,623,000 629,048 #* Bumi Armada Bhd 15,688,300 2,565,087 # Bursa Malaysia Bhd 3,760,400 9,100,225 # Cahya Mata Sarawak Bhd 3,362,500 3,138,557 Can-One Bhd 435,800 349,016 Carlsberg Brewery Malaysia Bhd Class B 1,179,700 4,132,320 Carotech Bhd 230,650 215 CB Industrial Product Holding Bhd 2,914,240 1,381,600 Century Logistics Holdings Bhd Class B 599,300 173,491 Chin Teck Plantations Bhd 33,000 60,665 Coastal Contracts Bhd 2,101,666 647,703 # CSC Steel Holdings Bhd 613,200 243,463 Cypark Resources Bhd 1,095,600 644,552 D&O Green Technologies Bhd 1,317,700 192,111 Daibochi Plastic & Packaging Industry Bhd 133,056 68,311 # Datasonic Group Bhd 3,577,900 977,807 * Daya Materials Bhd 9,701,600 169,662 * Dayang Enterprise Holdings Bhd 2,789,596 664,480 #* Destinii Bhd 2,755,900 421,559 DKSH Holdings Malaysia Bhd 119,000 138,946 # DRB-Hicom Bhd 7,778,000 3,069,513 Dutch Lady Milk Industries Bhd 135,500 1,865,896 Eastern & Oriental Bhd 6,311,247 2,432,975 * Eco World Development Group Bhd 6,017,200 2,206,136 # Econpile Holldings Bhd 1,775,900 1,127,605 # Ekovest Bhd 5,207,650 1,387,590 # Evergreen Fibreboard Bhd 4,515,250 917,150 FAR East Holdings Bhd 61,500 123,796 # Felda Global Ventures Holdings Bhd 8,472,900 3,226,468 Fraser & Neave Holdings Bhd 9,800 56,978 * Gabungan AQRS Bhd 181,600 64,889 # Gadang Holdings Bhd 1,935,400 574,163 # Gas Malaysia Bhd 886,900 602,626 George Kent Malaysia BHD 1,431,500 1,437,038 # Globetronics Technology Bhd 1,817,860 2,613,795 Glomac Bhd 2,854,800 436,671 Goldis Bhd 604,277 395,098 GuocoLand Malaysia Bhd 1,578,400 434,926 Hai-O Enterprise Bhd 1,100,420 1,099,636 HAP Seng Consolidated Bhd 1,901,140 4,035,470 Hap Seng Plantations Holdings Bhd 1,287,600 781,635 # Heineken Malaysia Bhd 910,400 3,822,499 * Hengyuan Refining Co. Bhd 479,500 879,928 # HeveaBoard Bhd 2,613,800 1,019,144 Hiap Teck Venture Bhd 4,749,700 432,431 * Hibiscus Petroleum Bhd 5,455,000 516,386 Hock Seng LEE BHD 1,539,316 550,451 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- MALAYSIA -- (Continued) # Hong Leong Industries Bhd 707,800 $1,733,053 Hovid Bhd 3,670,800 287,181 Hua Yang Bhd 1,953,866 374,162 Hume Industries Bhd 281,872 148,733 Hup Seng Industries Bhd 1,433,633 405,051 I-Bhd 2,260,900 308,854 IFCA MSC Bhd 203,100 18,227 IJM Plantations Bhd 1,621,100 1,147,348 Inari Amertron Bhd 8,848,530 5,289,999 Inch Kenneth Kajang Rubber P.L.C. 1,045,300 170,610 Insas Bhd 4,934,281 1,209,620 * Iris Corp. Bhd 12,373,200 490,443 #* Iskandar Waterfront City Bhd 3,063,100 886,289 * JAKS Resources Bhd 2,370,200 824,163 # Jaya Tiasa Holdings Bhd 2,856,827 747,392 # JCY International Bhd 3,967,600 527,769 # Karex Bhd 1,422,049 537,591 Keck Seng Malaysia Bhd 847,250 983,448 Kenanga Investment Bank Bhd 1,871,360 231,493 Kerjaya Prospek Group Bhd 730,500 632,765 Kian JOO CAN Factory Bhd 1,818,380 1,265,457 Kim Loong Resources Bhd 308,960 288,613 # Kimlun Corp. Bhd 684,174 367,559 #* KNM Group Bhd 15,723,580 899,544 Kossan Rubber Industries 3,504,000 5,810,307 # KPJ Healthcare Bhd 5,647,525 5,485,569 Kretam Holdings Bhd 3,815,400 481,141 #* KSL Holdings Bhd 4,476,418 1,285,744 Kumpulan Fima Bhd 880,850 388,710 Kumpulan Perangsang Selangor Bhd 1,700,700 520,222 * Kwantas Corp. Bhd 365,300 123,748 # Lafarge Malaysia Bhd 502,200 670,136 Land & General Bhd 14,840,860 797,257 * Landmarks Bhd 1,775,200 354,088 # LBS Bina Group Bhd 2,128,500 979,236 Lii Hen Indsustries Bhd 327,100 243,599 Lingkaran Trans Kota Holdings Bhd 1,221,600 1,686,307 * Lion Industries Corp. Bhd 1,435,400 385,405 # LPI Capital Bhd 259,170 1,087,162 Magni-Tech Industries Bhd 181,900 322,944 # Magnum Bhd 4,776,600 1,907,624 # Mah Sing Group Bhd 9,915,487 3,659,904 Malakoff Corp. Bhd 6,608,100 1,589,482 Malayan Flour Mills Bhd 2,022,650 1,109,922 # Malaysia Building Society Bhd 10,667,263 3,063,481 * Malaysia Marine and Heavy Engineering Holdings Bhd 3,010,800 517,038 #* Malaysian Bulk Carriers Bhd 2,893,200 476,090 Malaysian Pacific Industries Bhd 776,613 2,573,282 # Malaysian Resources Corp. Bhd 7,098,449 2,020,129 Malton Bhd 3,708,800 1,021,579 Matrix Concepts Holdings Bhd 2,297,967 1,465,143 MBM Resources Bhd 1,379,696 724,200 Media Chinese International, Ltd. 3,955,400 498,561 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- MALAYSIA -- (Continued) Media Prima Bhd 7,131,603 $1,498,806 Mega First Corp. Bhd 1,184,200 1,062,241 Mitrajaya Holdings Bhd 2,130,500 661,562 * MK Land Holdings Bhd 3,019,200 193,948 # MKH Bhd 2,292,534 1,204,598 MMC Corp. Bhd 1,596,500 894,294 * MNRB Holdings Bhd 1,180,550 692,208 #* MPHB Capital Bhd 1,394,900 488,624 MSM Malaysia Holdings Bhd 12,600 12,071 * Mudajaya Group Bhd 2,123,966 620,296 Muhibbah Engineering M Bhd 2,571,850 1,681,404 #* Mulpha International Bhd 1,422,430 801,330 My EG Services Bhd 16,619,899 8,381,887 * Naim Holdings Bhd 1,323,100 389,566 Notion VTEC Bhd 368,400 105,765 NTPM Holdings Bhd 640,000 118,001 #* OCK Group Bhd 1,695,800 354,319 Oldtown Bhd 1,999,350 1,284,361 Oriental Holdings Bhd 338,900 521,485 # OSK Holdings Bhd 5,453,470 2,036,796 Pacific & Orient Bhd 205,000 60,348 # Padini Holdings Bhd 3,211,400 2,804,867 Panasonic Manufacturing Malaysia Bhd 157,684 1,362,431 Pantech Group Holdings Bhd 2,022,130 311,650 Paramount Corp. Bhd 563,625 242,160 * Parkson Holdings Bhd 2,784,247 360,762 * Pentamaster Corp., Bhd 429,900 441,537 PESTECH International Bhd 1,246,400 451,083 Petron Malaysia Refining & Marketing Bhd 343,000 721,258 Pharmaniaga Bhd 709,060 735,505 # Pie Industrial Bhd 1,260,200 688,784 # Pos Malaysia Bhd 3,128,200 3,866,074 Power Root Bhd 189,500 97,351 # Press Metal Aluminium Holdings Bhd 9,140,360 6,084,322 Prestariang Bhd 912,500 404,593 Protasco Bhd 2,491,250 604,664 #* Puncak Niaga Holdings Bhd 1,671,020 335,487 QL Resources Bhd 4,111,430 4,790,603 Ranhill Holdings Bhd 61,300 11,809 RGB International Bhd 918,400 61,132 #* Rimbunan Sawit Bhd 3,667,900 381,166 * Salcon Bhd 4,125,533 496,113 Sam Engineering & Equipment M Bhd 134,600 261,865 Sarawak Oil Palms Bhd 877,404 733,442 Scicom MSC Bhd 106,700 55,560 # Scientex Bhd 1,616,824 3,270,304 * Scomi Group Bhd 8,219,000 211,302 SEG International Bhd 145,885 23,495 Selangor Dredging Bhd 1,118,200 297,724 Selangor Properties Bhd 230,200 261,305 Shangri-La Hotels Malaysia Bhd 418,700 488,741 SHL Consolidated Bhd 246,000 163,765 # SKP Resources Bhd 3,882,300 1,252,321 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ------------ MALAYSIA -- (Continued) Star Media Group Bhd 2,049,600 $ 1,120,130 #* Sumatec Resources Bhd 9,919,300 115,830 Sunsuria Bhd 49,400 16,730 Sunway Bhd 2,707,991 2,706,755 # Sunway Construction Group Bhd 1,646,536 819,248 # Supermax Corp. Bhd 3,592,800 1,610,712 Suria Capital Holdings Bhd 699,800 341,822 Syarikat Takaful Malaysia Bhd 2,424,300 2,298,007 Symphony Life Bhd 439,187 97,965 # Ta Ann Holdings Bhd 1,647,489 1,346,645 # TA Enterprise Bhd 9,043,000 1,278,378 TA Global Bhd 8,895,040 645,095 # Taliworks Corp. Bhd 2,186,850 760,573 Tambun Indah Land Bhd 1,486,700 461,717 TAN Chong Motor Holdings Bhd 1,625,200 652,880 Tasek Corp. Bhd 86,800 263,556 TDM Bhd 6,038,120 789,796 TH Plantations Bhd 1,665,860 435,700 Thong Guan Industries Bhd 91,900 89,717 # Time dotCom Bhd 2,063,588 4,650,462 Tiong NAM Logistics Holdings 1,410,800 579,609 TMC Life Sciences Bhd 356,400 65,758 # Top Glove Corp. Bhd 5,714,220 7,657,882 Tropicana Corp. Bhd 4,335,353 971,845 # TSH Resources Bhd 4,102,200 1,599,909 # Tune Protect Group Bhd 3,746,900 953,561 # Uchi Technologies Bhd 1,822,000 800,054 # UEM Edgenta Bhd 2,811,300 1,774,674 #* UEM Sunrise Bhd 10,750,100 2,886,154 * UMW Holdings Bhd 910,700 1,240,066 #* UMW Oil & Gas Corp. Bhd 6,239,213 437,322 Unisem M Bhd 3,906,890 3,500,711 United Malacca Bhd 412,850 612,240 United Plantations Bhd 435,200 2,812,257 United U-Li Corp. Bhd 613,900 573,193 # UOA Development Bhd 4,903,400 2,977,580 * Uzma Bhd 900,800 313,725 ViTrox Corp. Bhd 208,200 221,573 #* Vivocom International Holdings Bhd 4,101,900 133,323 # VS Industry Bhd 6,036,230 3,103,664 # Wah Seong Corp. Bhd 2,355,769 522,647 * WCE Holdings Bhd 502,700 167,870 #* WCT Holdings Bhd 7,254,802 3,218,096 # Wellcall Holdings Bhd 1,993,800 1,043,062 WTK Holdings Bhd 2,425,600 489,722 # Yinson Holdings Bhd 3,062,900 2,539,441 * YNH Property Bhd 3,521,488 1,167,471 * YTL Land & Development Bhd 1,028,200 138,093 Zhulian Corp. Bhd 585,033 230,885 ------------ TOTAL MALAYSIA 263,272,274 ------------ MEXICO -- (2.5%) # Alpek S.A.B. de C.V. 3,571,730 4,104,906 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ----------- MEXICO -- (Continued) # Alsea S.A.B. de C.V. 5,090,080 $19,808,496 #* Axtel S.A.B. de C.V. 7,459,738 1,772,487 # Banregio Grupo Financiero S.A.B. de C.V. 1,887,176 12,368,808 * Bio Pappel S.A.B. de C.V. 369,155 551,374 Bolsa Mexicana de Valores S.A.B. de C.V. 4,250,549 7,301,322 Cia Minera Autlan S.A.B. de C.V. Series B 141,975 130,790 * CMR S.A.B. de C.V. 1,323 586 # Consorcio ARA S.A.B. de C.V. Series * 7,826,969 2,624,744 * Controladora Vuela Cia de Aviacion S.A.B. de C.V. ADR 205,047 2,809,144 #* Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A 1,727,133 2,374,959 * Corp Interamericana de Entretenimiento S.A.B. de C.V. Class B 960,372 914,383 Corp. Actinver S.A.B. de C.V. 187,852 137,176 Corp. Inmobiliaria Vesta S.A.B. de C.V. 4,734,519 7,153,971 Corp. Moctezuma S.A.B. de C.V. Series * 861,300 3,386,659 Corporativo Fragua S.A.B. de C.V. 3 37 # Corporativo GBM S.A.B. de C.V. 22,477 16,533 Corpovael S.A. de C.V. 34,941 21,295 Credito Real S.A.B. de C.V. SOFOM ER 1,298,182 2,299,210 Cydsa S.A.B. de C.V. 3,875 5,222 * Desarrolladora Homex S.A.B. de C.V. 519,622 30,939 #* Elementia S.A.B. de C.V. 199,253 286,526 #* Empresas ICA S.A.B. de C.V. 3,768,186 330,199 * Financiera Independencia S.A.B. de C.V. SOFOM ENR 62,171 10,826 #* Genomma Lab Internacional S.A.B. de C.V. Class B 7,295,453 9,363,915 Gentera S.A.B. de C.V. 7,327,998 11,113,942 #* Grupo Aeromexico S.A.B. de C.V. 1,789,512 3,711,208 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. 1,838,097 11,610,392 Grupo Cementos de Chihuahua S.A.B. de C.V. 818,100 4,272,364 # Grupo Comercial Chedraui S.A. de C.V. 2,817,563 5,903,390 #* Grupo Famsa S.A.B. de C.V. Class A 2,369,565 1,368,298 # Grupo Financiero Interacciones SA de C.V. Class O 763,808 4,299,035 #* Grupo GICSA S.A. de C.V. 640,975 439,258 Grupo Herdez S.A.B. de C.V. Series * 1,938,862 4,366,183 Grupo Industrial Saltillo S.A.B. de C.V. 394,068 905,344 Grupo KUO S.A.B. de C.V. Series B 758,658 1,778,121 * Grupo Pochteca S.A.B. de C.V. 585,177 233,052 * Grupo Posadas S.A.B. de C.V. 198,900 491,035 # Grupo Rotoplas S.A.B. de C.V. 216,580 356,942 Grupo Sanborns S.A.B. de C.V. 719,576 871,050 #* Grupo Simec S.A.B. de C.V. Series B 1,299,722 4,640,378 * Grupo Sports World S.A.B. de C.V. 583,706 531,163 #* Hoteles City Express S.A.B. de C.V. 1,337,623 1,660,523 # Industrias Bachoco S.A.B. de C.V. Series B 1,317,141 6,569,983 Industrias Bachoco S.A.B. de C.V. Sponsored ADR 29,530 1,766,189 #* Industrias CH S.A.B. de C.V. Series B 2,065,431 10,010,133 * La Comer S.A.B. de C.V. 1,994,114 2,021,837 #* Maxcom Telecomunicaciones S.A.B. de C.V. 201,450 78,362 Megacable Holdings S.A.B. de C.V. 1,698,551 7,043,226 * Minera Frisco S.A.B. de C.V. Class A1 2,092,691 1,333,022 Nemak S.A.B. de C.V. 2,163,395 1,951,643 # Organizacion Cultiba S.A.B. de C.V. 1,165,725 1,060,792 Qualitas Controladora S.A.B. de C.V. 1,417,893 2,351,142 # Rassini S.A.B. de C.V. 315,343 1,505,463 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ----------- ------------ MEXICO -- (Continued) Rassini S.A.B. De C.V. Class A 147,598 $ 343,739 #* Telesites S.A.B. de C.V. 4,326,235 3,166,457 # TV Azteca S.A.B. de C.V. 11,450,715 2,180,476 Unifin Financiera S.A.B. de C.V. SOFOM ENR 213,074 694,069 Vitro S.A.B. de C.V. Series A 903,451 4,056,331 ------------ TOTAL MEXICO 182,489,049 ------------ PHILIPPINES -- (1.3%) A Soriano Corp. 3,430,211 472,129 ACR Mining Corp. 48,205 3,206 Alsons Consolidated Resources, Inc. 7,605,000 210,854 * Apex Mining Co., Inc. 3,500,000 110,372 * Atlas Consolidated Mining & Development Corp. 6,148,000 657,971 Belle Corp. 32,737,400 2,458,679 * Bloomberry Resorts Corp. 19,580,300 3,416,251 Cebu Air, Inc. 1,594,810 3,192,018 Cebu Holdings, Inc. 3,291,900 349,563 Century Pacific Food, Inc. 4,573,000 1,672,699 Century Properties Group, Inc. 26,261,151 270,548 China Banking Corp. 1,822,708 1,316,366 Cirtek Holdings Philippines Corp. 682,700 432,945 COL Financial Group, Inc. 130,900 41,674 Cosco Capital, Inc. 14,330,800 2,195,658 D&L Industries, Inc. 23,913,300 5,809,211 * DoubleDragon Properties Corp. 1,848,690 1,685,447 East West Banking Corp. 2,592,300 1,641,418 EEI Corp. 3,183,100 801,344 Emperador, Inc. 4,489,800 666,260 * Empire East Land Holdings, Inc. 19,893,000 295,719 Energy Development Corp. 23,510,000 2,781,479 Filinvest Development Corp. 3,314,322 502,160 Filinvest Land, Inc. 108,452,577 3,805,097 First Gen Corp. 10,519,800 3,606,669 First Philippine Holdings Corp. 2,288,880 2,993,644 * Global Ferronickel Holdings, Inc. 8,589,667 449,184 Holcim Philippines, Inc. 80,600 20,596 Integrated Micro-Electronics, Inc. 1,006,500 263,331 Leisure & Resorts World Corp. 3,942,640 351,723 * Lepanto Consolidated Mining Co. 43,735,455 165,787 Lopez Holdings Corp. 20,776,300 2,881,177 Macroasia Corp. 626,200 145,287 Manila Water Co., Inc. 9,198,000 5,830,559 Max's Group, Inc. 1,484,100 583,005 * Megawide Construction Corp. 4,859,708 1,689,537 * Melco Resorts And Entertainment Philippines Corp. 14,188,700 2,531,405 Metro Retail Stores Group, Inc. 4,081,900 320,296 Nickel Asia Corp. 7,515,700 893,274 Pepsi-Cola Products Philippines, Inc. 10,934,900 693,576 Petron Corp. 15,236,400 2,856,916 Philex Mining Corp. 3,594,700 630,069 Philippine National Bank 1,977,015 2,624,716 * Philippine National Construction Corp. 173,000 3,151 Philippine Savings Bank 356,863 622,338 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- PHILIPPINES -- (Continued) Philippine Stock Exchange, Inc. (The) 121,592 $ 577,986 Philweb Corp. 3,433,040 637,124 Phinma Corp. 94,323 19,338 Phinma Energy Corp. 13,182,000 498,817 Phoenix Petroleum Philippines, Inc. 2,096,980 506,316 Premium Leisure Corp. 32,631,000 1,034,736 Puregold Price Club, Inc. 4,655,100 4,346,749 RFM Corp. 8,856,668 789,324 Rizal Commercial Banking Corp. 2,796,660 3,158,787 Robinsons Land Corp. 10,677,405 5,440,270 Robinsons Retail Holdings, Inc. 1,096,610 1,883,343 San Miguel Pure Foods Co., Inc. 93,790 572,545 Security Bank Corp. 734,638 3,405,840 * SSI Group, Inc. 5,821,000 501,340 STI Education Systems Holdings, Inc. 3,539,000 103,742 Travellers International Hotel Group, Inc. 7,522,000 502,071 Union Bank of the Philippines 1,401,461 2,395,839 * Victorias Milling Co., Inc. 231,600 18,576 Vista Land & Lifescapes, Inc. 46,919,100 5,567,712 Xurpas, Inc. 4,266,400 617,137 ----------- TOTAL PHILIPPINES 97,522,900 ----------- POLAND -- (1.6%) * AB SA 1,082 10,440 * Agora SA 276,756 1,224,557 Amica SA 27,840 1,260,255 # Apator SA 63,267 557,321 Asseco Poland SA 568,820 7,149,965 #* Bioton SA 568,535 907,935 * Boryszew SA 952,083 2,888,570 Budimex SA 91,128 5,605,306 CD Projekt SA 595,814 14,335,186 #* CI Games SA 252,830 72,416 * Ciech SA 266,813 4,283,902 ComArch SA 7,716 437,070 Dom Development SA 4,673 99,221 Elektrobudowa SA 8,568 258,597 #* Emperia Holding SA 84,117 1,983,665 # Enea SA 949,305 4,001,601 # Energa SA 869,043 3,077,012 # Eurocash SA 60,111 593,794 Fabryki Mebli Forte SA 129,583 2,443,666 * Famur SA 406,179 677,237 Firma Oponiarska Debica SA 29,911 907,425 #* Getin Holding SA 2,860,638 1,058,199 #* Getin Noble Bank SA 2,134,719 836,636 # Globe Trade Centre SA 235,041 626,740 Grupa Azoty Zaklady Chemiczne Police SA 76,751 437,613 Grupa Kety SA 69,888 8,136,698 * Grupa Lotos SA 34,187 461,951 * Impexmetal SA 1,011,204 1,237,969 # Inter Cars SA 39,106 3,107,111 Kernel Holding SA 387,855 6,862,164 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ------------ POLAND -- (Continued) KRUK SA 111,211 $ 10,637,283 LC Corp. SA 244,389 129,882 Lentex SA 124,367 326,641 Lubelski Wegiel Bogdanka SA 68,930 1,375,477 * MCI Capital SA 162,447 409,089 # Netia SA 2,370,432 2,609,779 # Neuca SA 17,606 1,604,813 Newag SA 493 2,342 * Orange Polska SA 71,059 107,762 Orbis SA 132,247 3,144,648 # Pfleiderer Group SA 49,499 626,495 #* PKP Cargo SA 86,911 1,498,682 #* Polnord SA 257,190 732,558 * Rafako SA 333,126 572,775 Stalexport Autostrady SA 429,171 508,776 # Stalprodukt SA 9,408 1,307,670 # Synthos SA 1,431,495 1,767,821 * Tauron Polska Energia SA 5,756,680 6,100,864 Trakcja SA 325,113 1,227,991 * Vistula Group SA 1,354,240 1,265,849 Warsaw Stock Exchange 122,600 1,601,186 # Wawel SA 1,062 331,961 * Zespol Elektrowni Patnow Adamow Konin SA 81,919 430,337 ------------ TOTAL POLAND 113,860,903 ------------ SOUTH AFRICA -- (6.2%) # Adcock Ingram Holdings, Ltd. 848,818 4,099,711 Adcorp Holdings, Ltd. 896,475 959,239 Advtech, Ltd. 3,240,497 4,413,615 Aeci, Ltd. 1,083,668 8,712,980 African Oxygen, Ltd. 858,752 1,225,620 * African Phoenix Investments, Ltd. 5,287,877 284,988 African Rainbow Minerals, Ltd. 801,901 5,712,792 Afrimat, Ltd. 66,493 135,717 Alexander Forbes Group Holdings, Ltd. 2,854,043 1,465,345 * Allied Electronics Corp., Ltd. Class A 27,962 25,716 Alviva Holdings, Ltd. 1,293,998 1,996,893 * ArcelorMittal South Africa, Ltd. 1,784,999 679,550 # Ascendis Health, Ltd. 1,465,791 2,227,306 Assore, Ltd. 235,997 3,822,165 Astral Foods, Ltd. 441,334 4,854,707 * Attacq, Ltd. 3,671,073 4,988,179 * Aveng, Ltd. 3,795,612 1,501,546 AVI, Ltd. 3,242,754 24,116,657 Barloworld, Ltd. 2,250,551 20,252,425 Blue Label Telecoms, Ltd. 3,303,921 4,249,026 * Brait SE 3,261 15,556 Cashbuild, Ltd. 205,580 5,601,832 Caxton and CTP Publishers and Printers, Ltd. 313,704 291,683 City Lodge Hotels, Ltd. 317,456 3,400,398 Clicks Group, Ltd. 2,723,654 30,881,424 Clover Industries, Ltd. 1,374,821 1,749,102 * Consolidated Infrastructure Group, Ltd. 822,411 985,787 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- SOUTH AFRICA -- (Continued) Coronation Fund Managers, Ltd. 1,818,975 $ 9,415,732 * Curro Holdings, Ltd. 286,485 922,799 DataTec, Ltd. 2,411,330 10,507,199 Distell Group, Ltd. 198,284 2,185,595 # DRDGOLD, Ltd. 2,932,131 978,783 DRDGOLD, Ltd. Sponsored ADR 9,400 31,114 * enX Group, Ltd. 408,074 489,871 EOH Holdings, Ltd. 1,098,252 8,980,889 * Evraz Highveld Steel and Vanadium, Ltd. 63,001 118 Exxaro Resources, Ltd. 1,219,384 10,069,050 Famous Brands, Ltd. 672,069 5,946,144 # Foschini Group, Ltd. (The) 1,956,473 22,522,023 Gold Fields, Ltd. Sponsored ADR 163,797 653,550 Grand Parade Investments, Ltd. 3,033,383 759,589 * Grindrod, Ltd. 5,224,056 4,906,607 Group Five, Ltd. 1,015,485 1,312,588 Harmony Gold Mining Co., Ltd. 1,449,470 2,590,283 Harmony Gold Mining Co., Ltd. Sponsored ADR 2,733,482 4,947,602 Holdsport, Ltd. 216,850 1,100,982 * Howden Africa Holdings, Ltd. 39,220 109,955 Hudaco Industries, Ltd. 275,317 2,635,836 Hulamin, Ltd. 1,296,594 629,829 * Impala Platinum Holdings, Ltd. 1,597,823 4,266,203 Imperial Holdings, Ltd. 1,124,371 14,851,688 Invicta Holdings, Ltd. 359,026 1,456,805 JSE, Ltd. 831,201 8,322,099 KAP Industrial Holdings, Ltd. 9,425,081 5,738,569 # Lewis Group, Ltd. 877,469 2,050,750 # Liberty Holdings, Ltd. 941,152 8,074,233 Life Healthcare Group Holdings, Ltd. 2,792,844 5,367,598 Massmart Holdings, Ltd. 432,877 3,635,798 Merafe Resources, Ltd. 11,489,424 1,185,251 Metair Investments, Ltd. 1,320,959 1,943,901 Metrofile Holdings, Ltd. 82,524 26,887 MiX Telematics, Ltd. 37,895 12,102 MMI Holdings, Ltd. 4,074,366 6,390,403 Mpact, Ltd. 1,546,824 3,228,928 Murray & Roberts Holdings, Ltd. 3,959,853 4,161,683 #* Nampak, Ltd. 5,214,254 7,561,960 * Net 1 UEPS Technologies, Inc. 776 7,657 * Northam Platinum, Ltd. 3,415,807 11,888,519 Oceana Group, Ltd. 447,176 3,204,189 Omnia Holdings, Ltd. 589,522 6,087,066 Peregrine Holdings, Ltd. 2,102,419 4,782,474 # Pick n Pay Stores, Ltd. 2,121,860 10,212,494 Pioneer Foods Group, Ltd. 175,498 1,864,545 #* PPC, Ltd. 14,360,518 5,205,626 Raubex Group, Ltd. 1,306,791 2,350,656 RCL Foods, Ltd. 705,154 850,384 Reunert, Ltd. 1,517,644 8,278,632 # Rhodes Food Group Pty, Ltd. 466,314 804,770 #* Royal Bafokeng Platinum, Ltd. 706,327 1,643,506 Santam, Ltd. 303,871 5,587,380 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ------------ SOUTH AFRICA -- (Continued) Sappi, Ltd. 880,637 $ 5,833,403 Sibanye Gold, Ltd. 2,371,333 3,026,747 SPAR Group, Ltd. (The) 1,162,708 14,573,477 Spur Corp., Ltd. 621,605 1,328,987 * Stefanutti Stocks Holdings, Ltd. 229,540 54,054 Sun International, Ltd. 1,096,248 4,615,941 * Super Group, Ltd. 3,359,375 9,290,332 Telkom SA SOC, Ltd. 1,921,390 9,483,907 Tongaat Hulett, Ltd. 1,005,705 9,061,999 Transaction Capital, Ltd. 651,693 732,603 Trencor, Ltd. 1,369,751 3,662,551 Truworths International, Ltd. 1,652,520 9,480,177 Tsogo Sun Holdings, Ltd. 2,858,414 4,960,394 Wilson Bayly Holmes-Ovcon, Ltd. 506,623 5,263,665 ------------ TOTAL SOUTH AFRICA 452,757,090 ------------ SOUTH KOREA -- (13.8%) #* 3S Korea Co., Ltd. 22,000 39,351 ABco Electronics Co., Ltd. 57,516 431,070 # ABOV Semiconductor Co., Ltd. 100,541 710,672 #* Ace Technologies Corp. 178,732 690,992 #* Actoz Soft Co., Ltd. 48,572 626,836 # Advanced Nano Products Co., Ltd. 68,114 956,526 #* Advanced Process Systems Corp. 74,225 2,912,088 Aekyung Petrochemical Co., Ltd. 109,618 1,519,469 # AfreecaTV Co., Ltd. 74,661 1,601,888 #* Agabang&Company 224,969 1,164,645 # Ahn-Gook Pharmaceutical Co., Ltd. 54,437 505,821 # Ahnlab, Inc. 37,715 1,760,696 # AJ Networks Co., Ltd. 81,351 505,269 #* AJ Rent A Car Co., Ltd. 125,497 1,133,578 #* Ajin Industrial Co., Ltd. 46,385 278,778 AK Holdings, Inc. 38,421 2,461,006 #* Alticast Corp. 73,734 286,041 # ALUKO Co., Ltd. 367,542 1,412,953 * Alvogen Korea Co., Ltd 1,360 32,770 #* Amotech Co., Ltd. 67,096 1,619,159 #* Anam Electronics Co., Ltd. 738,248 1,845,635 # Anapass, Inc. 63,390 903,896 #* APS Holdings Corp. 83,203 838,745 Asia Cement Co., Ltd. 11,962 929,520 ASIA Holdings Co., Ltd. 10,133 1,032,455 # Asia Paper Manufacturing Co., Ltd. 40,433 718,992 * Asiana Airlines, Inc. 891,347 4,119,700 # Atinum Investment Co., Ltd. 269,599 413,236 AtlasBX Co., Ltd. 571 26,349 #* AUK Corp. 199,140 444,687 # Aurora World Corp. 42,236 401,940 # Austem Co., Ltd. 127,720 400,940 # Autech Corp. 94,806 1,075,425 #* Automobile & PCB 251,614 319,219 # Avaco Co., Ltd. 105,551 706,951 # Avatec Co., Ltd. 5,446 37,748 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # Baiksan Co., Ltd. 91,020 $ 793,651 #* Barun Electronics Co., Ltd. 501,382 689,591 #* Barunson Entertainment & Arts Corp. 398,930 770,185 # Bcworld Pharm Co., Ltd. 33,271 770,525 #* BH Co., Ltd. 109,956 2,035,886 Binggrae Co., Ltd. 45,891 2,747,129 #* BioSmart Co., Ltd. 130,436 557,681 # BIT Computer Co., Ltd. 105,747 490,184 # Bixolon Co., Ltd. 82,972 490,489 # Bluecom Co., Ltd. 83,025 635,066 # Boditech Med, Inc. 116,248 1,656,701 #* Bohae Brewery Co., Ltd. 550,196 501,533 # BoKwang Industry Co., Ltd. 62,760 372,075 Bookook Securities Co., Ltd. 11,387 267,659 #* Boryung Medience Co., Ltd. 51,519 408,518 Boryung Pharmaceutical Co., Ltd. 38,597 1,439,434 #* Bosung Power Technology Co., Ltd. 353,519 819,329 #* Brain Contents Co., Ltd. 805,232 849,977 # BRIDGETEC Corp. 35,241 199,370 #* Bubang Co., Ltd. 218,353 684,425 * BUGS Corp. 45,508 435,081 # Bukwang Pharmaceutical Co., Ltd. 106,859 2,062,544 Busan City Gas Co., Ltd. 805 27,516 # BYC Co., Ltd. 746 237,713 # Byucksan Corp. 369,822 1,189,780 #* C&S Asset Management Co., Ltd. 166,435 293,719 #* CammSys Corp. 308,501 735,873 #* Capro Corp. 314,815 1,694,043 # Caregen Co., Ltd. 10,861 698,201 Cell Biotech Co., Ltd. 47,294 1,502,923 #* Celltrion Pharm, Inc. 77,179 1,376,142 #* Chabiotech Co., Ltd. 302,198 3,240,691 # Changhae Ethanol Co., Ltd. 51,020 832,911 #* Charm Engineering Co., Ltd. 197,955 529,553 #* Chemtronics Co., Ltd. 71,610 485,586 # Cheryong Industrial Co. Ltd/new 49,903 346,868 #* Chin Hung International, Inc. 234,602 464,090 * China Great Star International, Ltd. 225,700 272,560 Chinyang Holdings Corp. 152,138 433,968 #* Choa Pharmaceutical Co. 49,861 199,422 # Choheung Corp. 234 63,543 # Chokwang Leather Co., Ltd. 607 20,996 # Chokwang Paint, Ltd. 45,216 468,202 Chong Kun Dang Pharmaceutical Corp. 45,831 4,608,805 # Chongkundang Holdings Corp. 26,473 1,577,556 # Choong Ang Vaccine Laboratory 39,308 627,274 #* Chorokbaem Media Co., Ltd. 266,918 357,701 Chosun Refractories Co., Ltd. 6,715 536,399 # Chungdahm Learning, Inc. 35,344 532,051 # CJ Freshway Corp. 48,575 1,821,288 CJ Hellovision Co., Ltd. 204,279 1,590,024 CJ O Shopping Co., Ltd. 25,709 4,568,538 #* CJ Seafood Corp. 172,479 500,167 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # CKD Bio Corp. 27,414 $ 520,817 Com2uSCorp 64,232 6,581,167 # Commax Co., Ltd. 43,997 268,150 # Coreana Cosmetics Co., Ltd. 181,290 834,979 # Cosmax BTI, Inc. 36,280 808,699 # Cosmax, Inc. 57,327 5,295,106 #* Cosmochemical Co., Ltd. 28,914 288,006 #* COSON Co., Ltd. 117,294 1,120,151 * COWELL FASHION Co., Ltd. 4,069 14,225 #* Creaplanet Co., Ltd. 97,236 228,596 #* Crown Confectionery Co., Ltd. 53,942 1,010,062 # CROWNHAITAI Holdings Co., Ltd. 41,889 873,870 #* CrucialTec Co., Ltd. 373,426 1,050,052 # CS Wind Corp. 46,867 1,122,673 #* CTC BIO, Inc. 65,664 445,296 #* CTL, Inc. 160,964 397,991 Cuckoo Electronics Co., Ltd. 1,906 239,426 #* CUROCOM Co., Ltd. 85,800 177,011 #* Curoholdings Co., Ltd. 423,171 418,329 # D.I Corp. 202,400 828,587 Dae Dong Industrial Co., Ltd. 86,989 552,514 Dae Han Flour Mills Co., Ltd. 7,377 1,246,017 # Dae Hwa Pharmaceutical Co., Ltd. 22,883 439,658 # Dae Hyun Co., Ltd. 199,509 528,437 #* Dae Won Chemical Co., Ltd. 242,360 556,746 Dae Won Kang Up Co., Ltd. 141,276 546,510 #* Dae Young Packaging Co., Ltd. 622,311 487,193 # Dae-Il Corp. 93,491 876,673 #* Daea TI Co., Ltd. 515,134 851,449 # Daebongls Co., Ltd. 54,882 489,014 #* Daechang Co., Ltd. 314,932 336,342 Daechang Forging Co., Ltd. 6,065 355,508 # Daeduck Electronics Co. 266,042 2,660,705 Daeduck GDS Co., Ltd. 157,900 2,664,019 # Daegu Department Store 32,833 372,816 # Daehan New Pharm Co., Ltd. 77,903 758,837 Daehan Steel Co., Ltd. 110,123 1,367,871 # Daejoo Co., Ltd. 12,773 21,057 * Daejoo Electronic Materials Co., Ltd. 4,042 27,831 Daekyo Co., Ltd. 224,100 1,648,611 #* Daekyung Machinery & Engineering Co., Ltd. 805,869 426,448 # Daelim B&Co Co., Ltd. 93,999 680,001 Daelim C&S Co., Ltd. 1,033 15,315 #* DAEMYUNG Corp. Co., Ltd. 358,770 755,231 # Daeryuk Can Co., Ltd. 94,147 593,142 Daesang Corp. 176,190 4,046,214 # Daesang Holdings Co., Ltd. 125,490 1,228,029 # Daesung Energy Co., Ltd. 65,638 365,442 # Daesung Holdings Co., Ltd. 26,734 216,888 #* Daewon Cable Co., Ltd. 404,913 457,376 #* Daewon Media Co., Ltd. 68,288 427,214 # Daewon Pharmaceutical Co., Ltd. 101,741 1,710,049 # Daewon San Up Co., Ltd. 85,129 560,357 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) * Daewoo Shipbuilding & Marine Engineering Co., Ltd. 676,333 $ 507,680 # Daewoong Co., Ltd. 122,460 1,657,658 # Daewoong Pharmaceutical Co., Ltd. 37,952 3,161,854 * Dahaam E-Tec Co., Ltd. 2,100 6,334 # Daihan Pharmaceutical Co., Ltd. 30,940 1,004,764 Daishin Securities Co., Ltd. 297,668 4,070,933 #* Danal Co., Ltd. 285,365 1,372,294 # Daou Data Corp. 153,138 1,661,884 Daou Technology, Inc. 248,408 4,937,574 #* Dasan Networks, Inc. 115,433 551,657 # Dawonsys Co., Ltd. 165,211 1,698,109 # Dayou Automotive Seat Technology Co., Ltd. 450,321 539,063 #* Dayou Plus Co., Ltd. 443,110 391,141 # DCM Corp. 37,727 448,503 #* Deutsch Motors, Inc. 139,299 825,242 # DHP Korea Co., Ltd. 80,405 631,677 Digital Chosun Co., Ltd. 216,515 441,526 #* Digital Optics Co., Ltd. 125,488 258,594 # Digital Power Communications Co., Ltd. 246,518 1,001,820 #* DIO Corp. 101,568 3,172,042 # Display Tech Co., Ltd. 52,616 190,496 # DMS Co., Ltd. 151,922 1,336,438 #* DNF Co., Ltd. 70,063 979,886 # Dong A Eltek Co., Ltd. 69,259 1,203,344 Dong Ah Tire & Rubber Co., Ltd. 69,578 1,711,685 Dong-A Socio Holdings Co., Ltd. 21,487 2,478,995 # Dong-A ST Co., Ltd. 32,116 2,382,219 # Dong-A Steel Technology Co., Ltd. 7,197 51,262 # Dong-Ah Geological Engineering Co., Ltd. 73,801 902,822 # Dong-Il Corp. 6,436 331,756 # Dongbang Transport Logistics Co., Ltd. 64,316 97,127 #* DONGBU Co., Ltd. 746,280 495,987 #* Dongbu Corp. 61,224 839,220 * Dongbu HiTek Co., Ltd. 249,733 4,267,399 * Dongbu Securities Co., Ltd. 259,342 927,245 #* Dongbu Steel Co., Ltd. 32,375 353,009 Dongil Industries Co., Ltd. 9,710 650,767 # Dongjin Semichem Co., Ltd. 231,941 3,503,359 #* Dongkook Industrial Co., Ltd. 184,139 366,882 DongKook Pharmaceutical Co., Ltd. 32,149 1,729,372 # Dongkuk Industries Co., Ltd. 271,917 1,149,283 Dongkuk Steel Mill Co., Ltd. 455,870 5,844,057 # Dongkuk Structures & Construction Co., Ltd. 218,679 1,250,666 # Dongnam Marine Crane Co., Ltd. 103,680 328,036 # Dongsung Chemical Co., Ltd. 17,370 272,555 # DONGSUNG Corp. 222,522 1,284,610 # Dongsung Finetec Co., Ltd. 138,157 739,437 #* Dongsung Pharmaceutical Co., Ltd. 135,274 471,522 # Dongwha Enterprise Co., Ltd. 26,910 876,535 Dongwha Pharm Co., Ltd. 168,709 1,233,250 # Dongwon Development Co., Ltd. 530,894 2,372,473 # Dongwon F&B Co., Ltd. 9,380 1,810,507 Dongwon Industries Co., Ltd. 10,092 2,497,282 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) Dongwon Systems Corp. 5,546 $ 263,686 #* Dongwoo Farm To Table Co., Ltd. 58,857 222,734 Dongyang E&P, Inc. 37,129 435,988 #* Dongyang Steel Pipe Co., Ltd. 649,873 752,018 #* Doosan Engine Co., Ltd. 295,630 1,090,135 DoubleUGames Co., Ltd. 64,730 3,642,477 # Douzone Bizon Co., Ltd. 143,454 4,475,275 #* Dragonfly GF Co., Ltd. 51,555 216,638 DRB Holding Co., Ltd. 62,944 536,060 # DSK Co., Ltd. 98,543 933,664 # DSR Corp. 23,050 131,651 # DSR Wire Corp. 66,361 368,960 #* DST ROBOT Co., Ltd. 438,095 920,612 #* Duk San Neolux Co., Ltd. 67,020 1,470,311 #* Duksan Hi-Metal Co., Ltd. 66,695 499,504 # Duksung Co., Ltd. 81,764 329,756 DY Corp. 135,846 874,283 DY POWER Corp. 43,486 690,563 # e Tec E&C, Ltd. 12,446 1,528,278 e-Credible Co., Ltd. 3,132 37,391 # e-LITECOM Co., Ltd. 57,134 475,980 #* E-TRON Co., Ltd. 1,491,477 421,544 E1 Corp. 24,190 1,323,111 # Eagon Industrial, Ltd. 60,472 510,570 # Easy Bio, Inc. 355,667 2,199,274 #* EcoBio Holdings Co., Ltd. 52,300 443,599 #* Ecopro Co., Ltd. 158,695 4,189,691 # EG Corp. 34,204 220,455 #* Ehwa Technologies Information Co., Ltd. 1,996,096 618,436 # Elcomtec Co., Ltd. 261,529 525,939 # Elentec Co., Ltd. 111,206 499,552 * ELK Corp. 151,448 177,879 # EM-Tech Co., Ltd. 100,379 1,215,879 #* Emerson Pacific, Inc. 53,679 1,479,774 #* EMKOREA Co., Ltd. 60,585 216,536 #* EMW Co., Ltd. 173,518 385,286 # Enex Co., Ltd. 306,803 572,662 # ENF Technology Co., Ltd. 79,474 1,546,550 # Eo Technics Co., Ltd. 64,235 4,806,945 # Estechpharma Co., Ltd. 76,674 674,344 #* ESTsoft Corp. 33,140 232,140 # Eugene Corp. 393,797 2,216,434 * Eugene Investment & Securities Co., Ltd. 588,034 1,939,286 # Eugene Technology Co., Ltd. 121,036 1,853,268 # Eusu Holdings Co., Ltd. 113,490 772,458 # EVERDIGM Corp. 70,181 777,373 #* EXA E&C, Inc. 99,097 143,466 # Ezwelfare Co., Ltd. 15,152 91,864 # F&F Co., Ltd. 56,212 1,408,631 # Farmsco 141,480 1,542,954 #* FarmStory Co., Ltd. 449,372 576,304 # Feelux Co., Ltd. 203,881 573,632 # Fila Korea, Ltd. 87,205 5,766,691 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # Fine DNC Co., Ltd. 103,000 $ 303,815 # Fine Technix Co., Ltd. 206,246 448,075 #* Finetex EnE, Inc. 61,015 256,640 #* Firstec Co., Ltd. 209,199 663,319 #* Foosung Co., Ltd. 414,178 4,069,364 Fursys, Inc. 14,730 440,443 #* G-SMATT GLOBAL Co., Ltd. 127,846 1,546,356 #* Gamevil, Inc. 45,326 2,230,686 Gaon Cable Co., Ltd. 22,214 511,906 #* Genic Co., Ltd. 42,082 409,559 #* Genie Music Corp. 163,238 707,006 # Geumhwa PSC Co., Ltd. 4,147 139,241 #* Gigalane Co., Ltd. 35,427 213,908 GIIR, Inc. 22,387 199,672 #* Global Display Co., Ltd. 62,631 221,865 #* GNCO Co., Ltd. 616,593 1,149,085 # Golfzon Co., Ltd. 23,909 1,084,886 # GOLFZONNEWDIN Co., Ltd. 162,630 817,185 #* Good People Co., Ltd. 89,915 162,291 Grand Korea Leisure Co., Ltd. 131,242 2,693,448 Green Cross Holdings Corp. 107,418 3,149,198 #* GS Global Corp. 392,637 1,087,493 GS Home Shopping, Inc. 24,403 5,131,774 # Gwangju Shinsegae Co., Ltd. 3,631 796,274 # Haesung Industrial Co., Ltd. 25,164 292,343 * Haesung Optics Co., Ltd. 6,562 35,176 #* Halla Corp. 144,180 639,227 # Halla Holdings Corp. 71,811 4,231,869 # Han Kuk Carbon Co., Ltd. 261,090 1,398,256 #* Hana Micron, Inc. 148,212 671,115 # Hana Tour Service, Inc. 78,068 5,941,813 # Hancom, Inc. 138,714 1,982,297 # Handok, Inc. 41,183 926,089 Handsome Co., Ltd. 124,599 4,019,558 Hanil Cement Co., Ltd. 26,196 2,900,423 #* Hanil Vacuum Co., Ltd. 213,642 457,365 #* Hanjin Heavy Industries & Construction Co., Ltd. 712,169 2,822,180 #* Hanjin Heavy Industries & Construction Holdings Co., Ltd. 87,816 445,510 #* Hanjin Kal Corp. 348,244 7,318,037 * Hanjin P&C Co., Ltd. 285,435 563,834 Hanjin Transportation Co., Ltd. 80,592 2,273,118 #* Hankook Cosmetics Co., Ltd. 72,097 997,198 # Hankook Cosmetics Manufacturing Co., Ltd. 15,080 316,575 Hankook Shell Oil Co., Ltd. 4,999 1,840,615 Hankuk Glass Industries, Inc. 9,314 256,946 Hankuk Paper Manufacturing Co., Ltd. 21,530 568,504 # Hankuk Steel Wire Co., Ltd. 58,735 158,765 # Hanla IMS Co., Ltd. 43,244 282,159 # Hanmi Semiconductor Co., Ltd. 230,587 1,739,895 # HanmiGlobal Co., Ltd. 55,375 586,052 # Hans Biomed Corp. 58,414 866,139 # Hansae Co., Ltd. 170,552 3,989,987 # Hansae Yes24 Holdings Co., Ltd. 88,379 782,394 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) # Hanshin Construction 50,625 $ 920,541 # Hanshin Machinery Co. 212,588 832,065 # Hansol Chemical Co., Ltd. 74,579 5,035,469 * Hansol Holdings Co., Ltd. 369,722 2,058,271 #* Hansol HomeDeco Co., Ltd. 608,347 810,060 Hansol Paper Co., Ltd. 139,747 2,372,679 #* Hansol SeenTec Co., Ltd. 318,065 355,271 #* Hansol Technics Co., Ltd. 128,179 1,787,431 #* Hanwha Galleria Timeworld Co., Ltd. 17,255 439,489 Hanwha General Insurance Co., Ltd. 355,457 3,192,127 #* Hanwha Investment & Securities Co., Ltd. 1,037,505 3,408,590 # Hanyang Eng Co., Ltd. 39,237 457,194 # Hanyang Securities Co., Ltd. 27,671 202,534 # Harim Co., Ltd. 253,466 1,034,881 # Harim Holdings Co., Ltd. 282,751 1,053,993 HB Technology Co., Ltd. 438,036 1,838,003 # Heung-A Shipping Co., Ltd. 1,147,462 1,359,414 #* Heungkuk Fire & Marine Insurance Co., Ltd. 143,437 852,266 # High Tech Pharm Co., Ltd. 23,615 262,710 Hitejinro Holdings Co., Ltd. 64,454 665,273 * HizeAero Co., Ltd. 9,927 80,021 HMC Investment Securities Co., Ltd. 140,051 1,489,335 # Home Center Holdings Co., Ltd. 243,819 848,742 #* Homecast Co., Ltd. 232,691 1,878,498 # HS Industries Co., Ltd. 270,519 2,279,638 HS R&A Co., Ltd. 249,010 657,336 Huchems Fine Chemical Corp. 162,678 3,625,728 Humax Co., Ltd. 148,133 1,429,401 # Humedix Co., Ltd. 41,577 1,105,773 #* Huneed Technologies 62,722 577,498 * Huons Co., Ltd. 31,682 1,488,201 # Huons Global Co., Ltd. 41,429 1,290,129 # Husteel Co., Ltd. 10,089 137,045 Huvis Corp. 124,216 904,894 # Huvitz Co., Ltd. 81,214 943,421 Hwa Shin Co., Ltd. 150,117 772,400 Hwacheon Machine Tool Co., Ltd. 4,979 264,313 # Hwail Pharm Co., Ltd. 74,710 447,813 Hwangkum Steel & Technology Co., Ltd. 57,400 467,932 HwaSung Industrial Co., Ltd. 78,001 1,059,423 # Hy-Lok Corp. 74,111 1,526,170 # Hyosung ONB Co., Ltd. 10,277 100,135 # HyosungITX Co., Ltd. 29,128 408,816 Hyundai BNG Steel Co., Ltd. 77,580 890,644 #* Hyundai Cement Co. 22,245 492,683 # Hyundai Corp Holdings Inc. 36,938 486,891 Hyundai Corp. 65,431 1,189,743 Hyundai Engineering Plastics Co., Ltd. 151,088 938,702 Hyundai Hy Communications & Networks Co., Ltd. 297,145 1,109,953 # Hyundai Livart Furniture Co., Ltd. 115,620 2,612,869 #* Hyundai Merchant Marine Co., Ltd. 35,373 246,223 * Hyundai Mipo Dockyard Co., Ltd. 48,721 4,676,792 # Hyundai Pharmaceutical Co., Ltd. 158,899 610,127 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) # HyVision System, Inc. 99,434 $1,141,915 # I Controls, Inc. 19,674 522,458 # i-Components Co., Ltd. 43,399 286,973 i-SENS, Inc. 70,083 1,703,362 # I3System, Inc. 34,950 788,651 #* iA, Inc. 211,507 683,732 # ICD Co., Ltd. 102,076 1,307,668 #* IE, Ltd. 1,307,133 290,850 #* IHQ, Inc. 524,368 979,167 # Il Dong Holdings Co., Ltd. 33,200 456,989 # IL Dong Pharmaceutical Co., Ltd. 51,329 882,738 Ilji Technology Co., Ltd. 10,190 47,056 * Iljin Display Co., Ltd. 44,062 309,043 # Iljin Electric Co., Ltd. 123,737 499,059 # Iljin Holdings Co., Ltd. 203,422 1,049,542 # Iljin Materials Co., Ltd. 122,458 4,099,071 # Ilshin Spinning Co., Ltd. 11,220 1,218,559 #* ilShinbiobase Co,Ltd. 55,644 115,359 # Ilsung Pharmaceuticals Co., Ltd. 3,892 457,204 #* IM Co., Ltd. 159,586 624,072 # iMarketKorea, Inc. 170,219 1,939,059 # InBody Co., Ltd. 87,717 2,295,629 #* Infinitt Healthcare Co., Ltd. 108,610 654,098 #* Infraware, Inc. 184,486 254,608 #* INITECH Co., Ltd. 67,933 458,604 #* InkTec Co., Ltd. 8,164 42,007 Innocean Worldwide, Inc. 35,689 2,177,675 #* InnoWireless, Inc. 21,995 282,063 #* Innox Advanced Materials Co., Ltd. 44,674 2,722,637 #* Innox Corp. 19,227 374,890 #* Insun ENT Co., Ltd. 212,865 1,536,239 # Intelligent Digital Integrated Security Co., Ltd. 33,909 245,578 Intergis Co., Ltd. 11,220 31,637 # Interojo Co., Ltd. 58,751 1,876,785 # Interpark Corp. 94,204 810,995 Interpark Holdings Corp. 371,641 1,903,002 INTOPS Co., Ltd. 110,618 1,159,973 #* INVENIA Co., Ltd. 107,874 519,398 Inzi Controls Co., Ltd. 42,034 191,788 # INZI Display Co., Ltd. 32,254 54,307 #* Iones Co., Ltd. 51,291 778,206 IS Dongseo Co., Ltd. 59,462 2,205,523 # ISC Co., Ltd. 67,904 1,554,412 ISU Chemical Co., Ltd. 84,473 1,351,848 # IsuPetasys Co., Ltd. 225,059 870,329 # J.ESTINA Co., Ltd. 80,276 441,694 #* Jaeyoung Solutec Co., Ltd. 157,239 316,515 Jahwa Electronics Co., Ltd. 90,376 1,506,968 # JASTECH, Ltd. 68,700 1,175,657 #* Jayjun Cosmetic Co., Ltd. 285,225 1,332,824 JB Financial Group Co., Ltd. 973,157 6,028,908 # JC Hyun System, Inc. 86,648 468,670 * Jcontentree Corp. 276,030 1,058,227 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # Jeil Pharma Holdings, Inc. 1,543 $ 67,317 #* Jeil Pharmaceutical Co., Ltd. 3,729 239,258 Jeju Air Co., Ltd. 58,366 1,864,961 #* Jeju Semiconductor Corp. 66,476 201,664 Jinro Distillers Co., Ltd. 14,738 438,481 # Jinsung T.E.C. 93,414 772,067 # JLS Co., Ltd. 53,544 354,425 * JoyCity Corp. 28,364 356,231 * Jusung Engineering Co., Ltd. 283,263 4,123,203 # JVM Co., Ltd. 26,505 1,356,491 # JW Holdings Corp. 260,748 2,089,496 # JW Pharmaceutical Corp. 74,505 3,142,273 # JW Shinyak Corp. 16,523 111,020 * JYP Entertainment Corp. 211,588 1,342,077 # Kangnam Jevisco Co., Ltd. 27,544 996,833 # KAON Media Co., Ltd. 100,646 1,065,557 KB Financial Group, Inc. 42,296 2,248,891 KC Cottrell Co., Ltd. 15,012 68,929 # KC Green Holdings Co., Ltd. 117,172 647,996 # KC Tech Co., Ltd. 156,035 3,310,995 # KCC Engineering & Construction Co., Ltd. 56,749 547,420 KCI, Ltd. 2,256 15,436 * KEC Corp. 542,889 468,637 # KEPCO Engineering & Construction Co., Inc. 100,420 1,700,246 # Keyang Electric Machinery Co., Ltd. 177,711 763,862 #* KEYEAST Co., Ltd. 466,462 900,437 KG Chemical Corp. 68,855 960,882 # KG Eco Technology Service Co., Ltd. 234,280 943,556 # Kginicis Co., Ltd. 129,426 1,497,499 KGMobilians Co., Ltd. 136,847 907,363 # KH Vatec Co., Ltd. 135,110 1,004,530 KISCO Corp. 32,763 1,266,213 # KISCO Holdings Co., Ltd. 9,587 644,995 # Kishin Corp. 49,420 208,473 KISWIRE, Ltd. 46,934 1,651,706 #* KJ Pretech Co., Ltd. 50,707 117,499 #* KleanNara Co., Ltd. 154,710 691,362 * KMH Co., Ltd. 76,476 710,753 #* KMH Hitech Co., Ltd. 147,148 159,774 * KMW Co., Ltd. 3,095 36,352 # Kocom Co., Ltd. 58,105 433,808 # Kodaco Co., Ltd. 244,133 771,043 #* KODI-M Co., Ltd. 356,894 351,878 Koentec Co., Ltd. 306,814 1,321,492 Koh Young Technology, Inc. 79,936 4,584,230 # Kolao Holdings 163,486 808,281 # Kolmar BNH Co., Ltd. 61,048 1,115,733 # Kolon Corp. 50,319 2,783,484 Kolon Global Corp. 46,405 527,090 # Kolon Life Science, Inc. 1,839 194,743 # Kolon Plastic, Inc. 107,722 656,150 # Komelon Corp. 37,832 326,510 #* KONA I Co., Ltd. 116,957 1,369,742 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) # Kook Soon Dang Brewery Co., Ltd. 99,599 $ 573,260 # Kopla Co., Ltd. 90,088 499,794 # Korea Alcohol Industrial Co., Ltd. 107,772 784,451 # Korea Autoglass Corp. 62,904 1,176,356 # Korea Cast Iron Pipe Industries Co., Ltd. 73,358 678,451 # Korea Circuit Co., Ltd. 87,762 1,053,869 Korea District Heating Corp. 23,401 1,619,117 Korea Electric Terminal Co., Ltd. 43,116 2,719,660 # Korea Electronic Certification Authority, Inc. 130,360 735,766 # Korea Electronic Power Industrial Development Co., Ltd. 74,881 304,482 Korea Export Packaging Industrial Co., Ltd. 5,621 96,950 Korea Flange Co., Ltd. 20,776 249,487 # Korea Fuel-Tech Corp. 79,102 338,265 # Korea Industrial Co., Ltd. 95,471 281,528 #* Korea Information & Communications Co, Ltd. 116,308 1,190,428 # Korea Information Certificate Authority, Inc. 114,704 580,430 # Korea Kolmar Holdings Co., Ltd. 54,328 1,454,691 #* Korea Line Corp. 121,541 3,505,795 #* Korea Materials & Analysis Corp. 34,083 595,053 # Korea United Pharm, Inc. 83,299 1,500,281 Korean Reinsurance Co. 282,642 3,258,326 # Kortek Corp. 87,678 1,097,075 # KPX Chemical Co., Ltd. 15,622 993,975 #* KR Motors Co., Ltd. 56,572 39,269 #* KSCB Co., Ltd. 96,615 419,740 # Ksign Co., Ltd. 314,358 502,874 KSS LINE, Ltd. 87,290 764,046 * KT Hitel Co., Ltd. 100,292 594,632 KT Skylife Co., Ltd. 181,031 2,701,488 # KT Submarine Co., Ltd. 119,916 488,672 * KTB Investment & Securities Co., Ltd. 312,145 1,000,512 # KTCS Corp. 247,713 528,110 # Ktis Corp. 217,997 631,975 #* Kuk Young G&M 186,943 210,172 # Kukbo Design Co., Ltd. 28,842 515,075 # Kukdo Chemical Co., Ltd. 27,613 1,411,234 * Kukdong Corp. 2,138 8,019 # Kukdong Oil & Chemicals Co., Ltd. 89,179 272,113 #* Kum Yang Co., Ltd. . 101,497 201,136 #* Kumho Electric Co., Ltd. 18,861 167,658 # Kumho Industrial Co., Ltd. 152,218 1,537,670 #* Kumho Tire Co., Inc. 876,488 5,910,912 # Kumkang Kind Co., Ltd. 20,203 680,322 Kwang Dong Pharmaceutical Co., Ltd. 280,349 2,110,845 #* Kwang Myung Electric Co., Ltd. 309,364 687,894 # Kwangju Bank Co., Ltd. 213,058 2,637,012 #* Kyeryong Construction Industrial Co., Ltd. 23,386 373,686 Kyobo Securities Co., Ltd. 158,127 1,484,026 # Kyongbo Pharmaceutical Co., Ltd. 80,079 908,989 # Kyung Dong Navien Co., Ltd. 41,530 1,313,268 #* Kyung Nam Pharm Co., Ltd. 32,982 278,267 # Kyung-In Synthetic Corp. 247,011 876,935 # Kyungbang, Ltd. 74,659 1,087,634 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) # Kyungchang Industrial Co., Ltd. 87,499 $ 383,616 #* KyungDong City Gas Co., Ltd. 15,245 690,694 # KyungDong Invest Co., Ltd. 9,266 440,461 Kyungdong Pharm Co., Ltd. 55,125 945,847 # L&F Co., Ltd. 49,146 1,183,653 #* LabGenomics Co., Ltd. 9,768 65,884 #* LB Semicon, Inc. 258,995 645,335 # LEADCORP, Inc. (The) 138,035 932,585 #* Leaders Cosmetics Co., Ltd. 97,586 1,273,060 Lee Ku Industrial Co., Ltd. 203,505 421,923 # LEENO Industrial, Inc. 72,064 3,192,317 # Leenos Corp. 179,182 494,988 LF Corp. 167,758 4,701,428 LG Hausys, Ltd. 54,327 5,339,229 LG International Corp. 252,508 6,633,882 # Lion Chemtech Co., Ltd. 57,397 756,512 * LIS Co., Ltd. 50,093 577,651 #* Liveplex Co., Ltd. 608,379 477,264 # LMS Co., Ltd. 35,094 366,527 # Lock & Lock Co., Ltd. 160,625 1,930,857 #* LOT Vacuum Co., Ltd. 66,019 1,027,206 LOTTE Fine Chemical Co., Ltd. 156,874 6,059,150 Lotte Food Co., Ltd. 5,957 3,323,093 LOTTE Himart Co., Ltd. 73,525 4,572,804 Lotte Non-Life Insurance Co., Ltd. 564,705 1,554,195 LS Industrial Systems Co., Ltd. 54,256 2,800,124 #* Lumens Co., Ltd. 376,967 1,367,019 # Lutronic Corp. 94,212 977,100 #* Macrogen, Inc. 71,414 1,483,861 * Maeil Dairies Co., Ltd. 24,800 1,670,985 # Maeil Holdings Co., Ltd. 22,273 476,736 #* Majestar Co., Ltd. 253,982 378,065 * Maniker Co., Ltd. 42,141 27,792 #* Mcnex Co., Ltd. 38,722 661,299 # MDS Technology Co., Ltd. 50,309 938,704 #* Mediana Co., Ltd. 32,764 402,471 # Meerecompany, Inc. 12,732 867,055 # MegaStudy Co., Ltd. 20,245 546,240 MegaStudyEdu Co., Ltd. 4,919 155,062 #* Melfas, Inc. 162,116 656,091 META BIOMED Co., Ltd. 145,135 440,491 #* Mgame Corp. 117,865 440,646 # Mi Chang Oil Industrial Co., Ltd. 6,137 491,327 #* MiCo, Ltd. 220,135 822,341 # Minwise Co., Ltd. 65,277 1,186,879 Mirae Asset Life Insurance Co., Ltd. 589,568 2,767,111 #* Mirae Corp. 2,226,388 511,562 # Miwon Chemicals Co., Ltd. 3,630 214,370 * Miwon Commercial Co., Ltd. 716 144,515 # Miwon Holdings Co., Ltd. 3,706 247,121 #* Miwon Specialty Chemical Co., Ltd. 10,283 561,432 # MK Electron Co., Ltd. 135,468 1,354,988 # MK Trend Co., Ltd. 39,245 441,727 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) #* MNTech Co., Ltd. 154,760 $ 979,830 # Mobase Co., Ltd. 97,977 693,821 #* Moda, Inc. 111,648 890,171 #* Moda-InnoChips Co., Ltd. 14,702 107,104 Modetour Network, Inc. 132,911 3,417,213 # Monalisa Co., Ltd. 104,072 436,587 # MonAmi Co., Ltd. 112,097 347,301 # Moorim P&P Co., Ltd. 187,836 787,402 #* Moorim Paper Co., Ltd. 149,278 364,290 # Motonic Corp. 82,346 728,195 #* MPK Group, Inc. 151,072 177,525 # Muhak Co., Ltd. 119,724 2,427,939 # Multicampus Co, Ltd. 18,718 629,322 # Myungmoon Pharm Co., Ltd. 137,956 697,281 Namhae Chemical Corp. 185,342 1,616,297 #* Namsun Aluminum Co., Ltd. 551,622 603,976 #* Namuga Co., Ltd. 9,406 239,366 Namyang Dairy Products Co., Ltd. 2,582 1,688,939 #* Nanos Co., Ltd. 38,381 435,583 # Nasmedia Co., Ltd. 26,106 1,305,923 #* Naturalendo Tech Co., Ltd. 24,278 532,335 # NeoPharm Co., Ltd. 36,432 1,040,318 #* Neowiz 136,646 1,471,329 #* NEOWIZ HOLDINGS Corp. 40,849 559,889 #* NEPES Corp. 148,791 1,354,359 # Nexen Corp. 260,015 2,051,491 Nexen Tire Corp. 245,800 2,921,706 #* Nexon GT Co., Ltd. 122,123 779,676 #* Next Entertainment World Co., Ltd. 40,892 294,149 # Nexturn Co., Ltd. 55,102 788,039 * NHN Entertainment Corp. 114,640 7,856,562 #* NHN KCP Corp. 89,049 1,478,848 NICE Holdings Co., Ltd. 125,291 1,853,279 # Nice Information & Telecommunication, Inc. 44,820 981,344 NICE Information Service Co., Ltd. 261,828 2,143,338 # NICE Total Cash Management Co., Ltd. 123,622 1,159,843 #* NK Co., Ltd. 431,764 416,729 # Nong Shim Holdings Co., Ltd. 13,999 1,369,542 #* Nong Woo Bio Co., Ltd. 67,166 885,524 # Noroo Holdings Co., Ltd. 13,599 183,081 NOROO Paint & Coatings Co., Ltd. 77,085 601,898 NPC 66,771 381,376 # NS Shopping Co., Ltd. 142,147 2,121,137 #* Nuri Telecom Co., Ltd. 57,184 443,548 #* NUTRIBIOTECH Co., Ltd. 68,287 1,345,512 #* NUVOTEC Co., Ltd. 153,125 342,140 #* Omnisystem Co., Ltd. 258,001 550,007 #* ONDA Entertainment Co., Ltd. 171,971 385,851 # Openbase, Inc. 201,345 844,681 # Opto Device Technology Co., Ltd. 76,929 528,134 #* OPTRON-TEC, Inc. 132,210 1,015,387 #* Orientbio, Inc. 446,032 463,805 * OSANGJAIEL Co., Ltd. 5,294 38,632 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) #* Osstem Implant Co., Ltd. 90,651 $4,871,984 #* Osung LST Co., Ltd. 186,772 109,441 #* Pan-Pacific Co., Ltd. 197,431 694,485 # Pang Rim Co., Ltd. 10,174 198,496 #* PaperCorea, Inc. 1,935,051 520,645 # Paradise Co., Ltd. 383,866 4,557,255 Partron Co., Ltd. 349,480 2,651,532 #* Paru Co., Ltd. 228,164 1,339,999 #* People & Technologies, Inc. 45,983 558,856 # PHARMA RESEARCH PRODUCTS Co., Ltd. 35,624 1,187,591 #* Pharmicell Co., Ltd. 85,904 297,710 #* Phoenix Materials Co., Ltd. 340,119 316,915 # Pixelplus Co., Ltd. 29,482 271,224 #* PNE Solution Co., Ltd. 63,484 446,994 #* Pobis TNC Co., Ltd. 261,932 412,060 Poongsan Corp. 170,395 7,565,071 Poongsan Holdings Corp. 31,101 1,595,201 POSCO Chemtech Co., Ltd. 172,510 3,228,867 # POSCO Coated & Color Steel Co., Ltd. 18,467 527,184 # Posco ICT Co., Ltd. 415,037 2,378,719 # Posco M-Tech Co., Ltd. 153,695 353,089 #* Power Logics Co., Ltd. 225,980 944,631 #* Prostemics Co., Ltd. 138,631 388,953 # Protec Co., Ltd. 41,274 576,614 PS TEC Co., Ltd. 6,466 38,339 # PSK, Inc. 121,588 2,342,725 # Pulmuone Co., Ltd. 7,421 825,521 # Pyeong Hwa Automotive Co., Ltd. 109,829 1,407,894 #* RaonSecure Co., Ltd. 179,436 472,470 #* Redrover Co., Ltd. 202,805 1,058,805 # Reyon Pharmaceutical Co., Ltd. 37,700 927,420 # RFsemi Technologies, Inc. 30,415 176,978 #* RFTech Co., Ltd. 153,737 743,368 # Robostar Co., Ltd. 50,124 972,173 Rorze Systems Corp. 1,524 12,291 #* S Net Systems, Inc. 96,478 479,614 #* S&S Tech Corp. 119,124 658,163 #* S&T Corp. 14,935 233,513 * S&T Dynamics Co., Ltd. 180,646 1,501,932 S&T Holdings Co., Ltd. 56,991 840,948 # S&T Motiv Co., Ltd. 77,769 3,692,594 #* S-Connect Co., Ltd. 411,038 813,551 # S-Energy Co., Ltd. 79,510 648,806 #* S-MAC Co., Ltd. 805,271 679,331 # S.Y. Panel Co., Ltd. 95,352 791,168 # Saeron Automotive Corp. 2,640 18,493 # Sajo Industries Co., Ltd. 23,494 1,606,172 * Sajodongaone Co., Ltd. 149,799 219,582 * SAJOHAEPYO Corp. 574 6,258 # Sam Chun Dang Pharm Co., Ltd. 110,489 1,352,053 #* SAM KANG M&T Co., Ltd. 75,787 421,305 Sam Young Electronics Co., Ltd. 87,131 1,070,326 # Sam Yung Trading Co., Ltd. 68,966 1,166,215 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) Sam-A Pharm Co., Ltd. 4,439 $ 72,582 # Sambo Motors Co., Ltd. 16,143 78,586 Samchully Co., Ltd. 21,433 2,192,929 # Samchuly Bicycle Co., Ltd. 58,692 550,857 # Samho Development Co., Ltd. 146,497 656,674 #* Samho International Co., Ltd. 46,386 834,946 # SAMHWA Paints Industrial Co., Ltd. 73,217 576,600 # Samick Musical Instruments Co., Ltd. 512,766 888,691 # Samick THK Co., Ltd. 77,490 1,526,504 #* Samji Electronics Co., Ltd. 90,186 667,169 #* Samjin LND Co., Ltd. 98,862 252,529 Samjin Pharmaceutical Co., Ltd. 75,726 2,260,208 # Samkee Automotive Co., Ltd. 147,822 483,588 # Samkwang Glass 24,074 1,215,789 # Sammok S-Form Co., Ltd. 78,021 957,550 #* SAMPYO Cement Co., Ltd. 203,959 703,549 Samsung Climate Control Co., Ltd. 3,552 40,306 #* Samsung Pharmaceutical Co., Ltd. 29,487 91,427 # SAMT Co., Ltd. 441,451 884,331 # Samwha Capacitor Co., Ltd. 63,837 1,225,863 # Samyang Corp. 25,711 2,333,236 # Samyang Foods Co., Ltd. 24,639 1,075,344 Samyang Holdings Corp. 29,466 3,028,704 # Samyang Tongsang Co., Ltd. 14,514 643,060 * Samyoung Chemical Co., Ltd. 136,867 180,360 Samyoung M-Tek Co., Ltd. 10,739 37,113 # Sang-A Frontec Co., Ltd. 56,705 826,037 #* Sangbo Corp. 203,435 427,106 Sangsin Brake 33,590 206,809 # SaraminHR Co, Ltd. 48,297 811,497 # Satrec Initiative Co., Ltd. 23,447 885,398 # SAVEZONE I&C Corp. 92,462 413,908 #* SBI Investment Korea Co., Ltd. 257,130 135,647 SBS Contents Hub Co., Ltd. 45,751 372,475 SBS Media Holdings Co., Ltd. 378,896 1,027,884 #* SBW 961,371 1,190,195 #* SDN Co., Ltd. 233,470 403,780 Seah Besteel Corp. 108,412 3,375,149 # SeAH Holdings Corp. 4,924 708,664 SeAH Steel Corp. 23,474 2,039,376 # Sebang Co., Ltd. 76,818 1,019,636 Sebang Global Battery Co., Ltd. 55,426 1,920,130 Sebo Manufacturing Engineer Corp. 6,107 76,184 * Seegene, Inc. 58,471 1,522,630 # Sejong Industrial Co., Ltd. 76,315 583,115 * Sejong Telecom, Inc. 1,294,860 841,550 # Sejoong Co., Ltd. 80,478 261,041 # Sekonix Co., Ltd. 73,148 1,041,742 #* Selvas AI, Inc. 111,896 373,840 # Sempio Co. 6,723 217,800 # Sempio Foods Co. 14,221 490,377 Semyung Electric Machinery Co., Ltd. 9,493 42,222 # Seobu T&D 130,204 1,895,250 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) # Seohan Co., Ltd. 650,925 $1,463,880 # Seohee Construction Co., Ltd. 1,296,069 1,454,533 # Seondo Electric Co., Ltd. 91,667 261,524 # Seoul Auction Co., Ltd. 86,511 642,044 #* Seoul Electronics & Telecom 269,734 371,785 # Seoul Pharma Co., Ltd. 32,908 324,566 # Seoul Semiconductor Co., Ltd. 304,747 5,662,092 Seoulin Bioscience Co., Ltd. 12,675 129,775 # Seowon Co., Ltd. 169,363 233,940 # SEOWONINTECH Co., Ltd. 81,585 886,127 # Seoyon Co., Ltd. 112,588 991,467 Seoyon E-Hwa Co., Ltd. 27,409 329,505 #* Sewon Cellontech Co., Ltd. 372,072 884,466 Sewon Precision Industry Co., Ltd. 24,447 360,491 # SEWOONMEDICAL Co., Ltd. 160,214 527,020 # SFA Engineering Corp. 70,098 2,351,530 * SFA Semicon Co, Ltd. 632,106 1,693,463 #* SFC Co., Ltd. 159,821 500,602 #* SG Corp. 885,778 807,306 #* SG&G Corp. 183,445 626,228 #* SGA Co., Ltd. 635,366 571,020 # SH Energy & Chemical Co., Ltd. 739,431 958,723 #* Shin Poong Pharmaceutical Co., Ltd. 286,037 1,512,653 # Shinil Industrial Co., Ltd. 472,055 782,114 # Shinsegae Engineering & Construction Co., Ltd. 22,167 640,651 # Shinsegae Food Co., Ltd. 17,956 2,344,346 # Shinsegae Information & Communication Co., Ltd. 9,260 682,257 # Shinsegae International, Inc. 20,914 1,265,416 #* Shinsung E&G Energy Co., Ltd. 1,034,116 2,087,693 #* Shinsung Tongsang Co., Ltd. 518,762 460,454 # Shinwha Intertek Corp. 229,540 638,414 #* Shinwon Construction Co., Ltd. 67,421 416,506 #* Shinwon Corp. 352,571 602,206 # Shinyoung Securities Co., Ltd. 28,210 1,489,681 # SHOWBOX Corp. 272,250 1,544,837 #* Signetics Corp. 453,142 560,978 #* SIGONG TECH Co., Ltd. 91,546 551,284 # Silicon Works Co., Ltd. 89,032 2,833,331 # Silla Co., Ltd. 46,643 595,972 # SIMMTECH Co., Ltd. 121,212 1,125,109 #* SIMMTECH HOLDINGS Co., Ltd. 126,986 319,007 SIMPAC, Inc. 104,884 434,056 Sindoh Co., Ltd. 33,754 1,738,455 #* Sinjin SM Co., Ltd. 4,208 33,059 # SJM Co., Ltd. 34,349 178,336 # SK Bioland Co., Ltd. 84,103 1,224,740 # SK D&D Co., Ltd. 31,762 972,147 SK Gas, Ltd. 35,074 3,604,142 #* SK Securities Co., Ltd. 2,782,738 3,220,858 SKC Co., Ltd. 179,314 5,804,185 #* SKC Solmics Co., Ltd. 212,828 856,214 # SKCKOLONPI, Inc. 102,904 2,505,057 SL Corp. 104,695 2,080,689 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ------- ---------- SOUTH KOREA -- (Continued) #* SM Culture & Contents Co., Ltd. 317,682 $ 815,919 #* SM Entertainment Co. 134,603 3,559,392 # SMEC Co., Ltd. 172,990 604,081 #* SNTEK Co., Ltd. 5,937 36,541 #* SNU Precision Co., Ltd. 165,332 715,542 #* Solborn, Inc. 125,696 596,299 #* Solid, Inc. 189,405 389,881 # Songwon Industrial Co., Ltd. 137,771 2,511,928 #* Sonokong Co., Ltd. 143,503 580,507 # Soosan Heavy Industries Co., Ltd. 206,213 269,958 Soulbrain Co., Ltd. 72,830 4,457,234 #* Spero Global Co., Ltd. 74,501 190,209 # SPG Co., Ltd. 94,351 602,629 # Spigen Korea Co., Ltd. 23,483 839,213 Ssangyong Cement Industrial Co., Ltd. 42,506 544,696 * Ssangyong Information & Communication 9,607 18,124 # Ssangyong Materials Corp. 170,937 399,352 * Ssangyong Motor Co. 307,345 1,713,019 # Suheung Co., Ltd. 50,364 1,568,528 # Sun Kwang Co., Ltd. 17,433 284,292 # Sunchang Corp. 58,177 515,374 #* SundayToz Corp. 45,244 733,931 Sung Bo Chemicals Co., Ltd. 79,966 476,662 # Sung Kwang Bend Co., Ltd. 184,054 1,626,993 # Sungchang Enterprise Holdings, Ltd. 459,373 1,186,987 # Sungdo Engineering & Construction Co., Ltd. 68,804 411,965 #* Sungshin Cement Co., Ltd. 135,021 893,172 Sungwoo Hitech Co., Ltd. 294,051 1,875,681 # Sunjin Co., Ltd. 72,766 1,209,302 #* Suprema HQ, Inc. 36,612 238,935 #* Suprema, Inc. 40,485 910,847 #* Synopex, Inc. 508,174 938,857 # Systems Technology, Inc. 75,829 1,217,040 #* T'way Holdings, Inc. 233,560 748,315 Tae Kyung Industrial Co., Ltd. 39,841 178,189 Taekwang Industrial Co., Ltd. 3,052 3,367,568 #* Taewoong Co., Ltd. 105,571 2,153,990 #* Taeyoung Engineering & Construction Co., Ltd. 329,900 2,717,481 #* Taihan Fiberoptics Co., Ltd. 157,716 532,444 #* Taihan Textile Co., Ltd. 1,058 79,663 # Tailim Packaging Co., Ltd. 82,439 189,341 #* TBH Global Co., Ltd. 109,393 1,044,759 # TechWing, Inc. 103,962 1,314,273 Telechips, Inc. 1,235 13,906 # Tera Semicon Co., Ltd. 70,759 2,020,156 # TES Co., Ltd. 107,432 2,862,609 #* Tesna Co., Ltd. 39,259 665,240 #* Texcell-NetCom Co., Ltd. 247,985 2,174,837 #* Theragen Etex Co., Ltd. 42,112 211,028 #* Thinkware Systems Corp. 61,113 625,000 #* TK Chemical Corp. 423,666 839,441 TK Corp. 133,276 1,144,096 # TLI, Inc. 23,474 131,268 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- SOUTH KOREA -- (Continued) # TOBESOFT Co., Ltd. 49,031 $ 295,316 # Tokai Carbon Korea Co., Ltd. 40,094 1,776,791 # Tong Yang Moolsan Co., Ltd. 390,652 654,663 Tongyang pile, Inc. 3,387 21,728 # Tongyang, Inc. 1,579,608 3,151,241 # Tonymoly Co., Ltd. 51,277 845,883 # Top Engineering Co., Ltd. 90,393 548,400 Toptec Co., Ltd. 125,202 3,238,811 # Tovis Co., Ltd. 125,844 1,007,360 #* Trais Co., Ltd. 24,456 35,775 TS Corp. 28,542 671,854 # UBCare Co., Ltd. 189,032 576,041 # Ubiquoss Holdings, Inc. 90,387 518,798 #* Ubiquoss, Inc. 23,646 423,726 #* Ubivelox, Inc. 25,329 255,120 #* Ugint Co., Ltd. 2,776,512 754,659 # UIL Co., Ltd. 72,274 452,964 # Uju Electronics Co., Ltd. 56,741 750,059 Unid Co., Ltd. 42,523 1,939,664 # Union Semiconductor Equipment & Materials Co., Ltd. 194,553 1,209,104 # Uniquest Corp. 101,877 684,033 #* Unison Co., Ltd. 65,618 264,576 # UniTest, Inc. 136,623 1,450,482 Value Added Technologies Co., Ltd. 61,672 1,708,049 # Very Good Leisure Co., Ltd. 25,853 251,822 # Viatron Technologies, Inc. 82,430 1,619,670 #* Vidente Co., Ltd. 84,403 232,758 # Vieworks Co., Ltd. 58,454 2,559,805 # Visang Education, Inc. 55,126 642,763 # Vitzrocell Co., Ltd. 80,528 1,043,435 #* W Holding Co., Ltd. 499,901 308,061 * Webzen, Inc. 123,650 1,910,609 #* Welcron Co., Ltd. 155,384 438,696 # WeMade Entertainment Co., Ltd. 74,933 2,178,467 # Whanin Pharmaceutical Co., Ltd. 112,367 1,982,363 #* WillBes & Co. (The) 406,582 758,949 # Winix, Inc. 48,788 477,264 #* Winnova Co., Ltd. 436,462 228,167 # Wins Co., Ltd. 66,258 751,158 # WiSoL Co., Ltd. 143,472 1,818,991 #* WIZIT Co., Ltd. 543,816 505,152 #* WONIK CUBE Corp. 13,011 26,111 #* Wonik Holdings Co., Ltd. 297,990 2,286,386 * WONIK IPS Co., Ltd. 176,725 5,150,935 #* Wonik Materials Co., Ltd. 25,056 1,730,066 #* Wonik QnC Corp. 137,370 1,451,677 Woojin, Inc. 2,070 11,038 #* Woongjin Co., Ltd. 386,451 777,161 #* Woongjin Energy Co., Ltd. 138,987 999,709 * Woongjin Thinkbig Co., Ltd. 207,737 1,326,739 #* Woori Investment Bank Co., Ltd. 2,128,639 1,337,829 #* Woori Technology, Inc. 485,786 230,991 #* Wooridul Pharmaceutical, Ltd. 110,993 796,337 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- -------------- SOUTH KOREA -- (Continued) # Woory Industrial Co., Ltd. 41,458 $ 1,220,710 # Wooshin Systems Co., Ltd. 43,414 273,820 # Woosu AMS Co., Ltd. 139,479 361,983 # WooSung Feed Co., Ltd. 171,724 471,160 # Y G-1 Co., Ltd. 83,466 868,740 #* YD Online Corp. 176,941 688,916 #* YeaRimDang Publishing Co., Ltd. 97,952 847,331 # Yeong Hwa Metal Co., Ltd. 195,869 285,031 # YES24 Co., Ltd. 60,891 367,333 YESCO Co., Ltd. 20,109 688,318 # YG Entertainment, Inc. 93,654 2,468,014 #* YG Plus 60,153 107,737 #* YJM Games Co., Ltd. 138,432 372,073 YMC Co., Ltd. 51,271 979,921 Yong Pyong Resort Co., Ltd. 17,141 188,934 #* Yonwoo Co., Ltd. 30,633 747,070 # Yoosung Enterprise Co., Ltd. 145,536 530,513 # YooSung T&S Co., Ltd. 106,473 405,343 Youlchon Chemical Co., Ltd. 81,952 1,014,300 # Young Heung Iron & Steel Co., Ltd. 267,579 345,446 # Young Poong Precision Corp. 83,248 698,614 Youngone Holdings Co., Ltd. 38,622 1,855,956 #* YoungWoo DSP Co., Ltd. 76,045 521,331 YTN Co., Ltd. 73,837 156,361 * Yuanta Securities Korea Co., Ltd. 831,278 2,883,010 # YuHwa Securities Co., Ltd. 13,060 180,916 * Yungjin Pharmaceutical Co., Ltd. 22,517 192,747 #* Yuyang DNU Co., Ltd. 155,941 532,074 # Zeus Co., Ltd. 50,873 777,649 #* Zungwon En-Sys, Inc. 86,136 184,944 -------------- TOTAL SOUTH KOREA 1,016,813,349 -------------- TAIWAN -- (15.9%) 104 Corp. 8,000 39,622 # A-DATA Technology Co., Ltd. 1,519,879 3,871,377 Ability Enterprise Co., Ltd. 1,795,293 1,123,805 # Ability Opto-Electronics Technology Co., Ltd. 194,000 429,927 AcBel Polytech, Inc. 3,008,599 2,315,884 Accton Technology Corp. 2,071,763 5,519,327 ACES Electronic Co., Ltd. 715,000 662,161 Achem Technology Corp. 1,616,860 546,265 * Acme Electronics Corp. 529,000 172,880 # Acter Co., Ltd. 264,000 1,699,614 * Action Electronics Co., Ltd. 1,465,000 370,189 # Actron Technology Corp. 474,150 1,677,948 Addcn Technology Co., Ltd. 88,299 739,704 # Adlink Technology, Inc. 864,031 1,834,960 # Advanced Ceramic X Corp. 297,000 3,618,020 * Advanced Connectek, Inc. 1,305,000 449,170 Advanced International Multitech Co., Ltd. 839,000 981,976 * Advanced Lithium Electrochemistry Cayman Co., Ltd. 225,000 161,633 # Advanced Optoelectronic Technology, Inc. 581,000 666,396 # Advanced Wireless Semiconductor Co. 1,025,000 2,322,294 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) # Advancetek Enterprise Co., Ltd. 995,779 $ 687,441 #* AGV Products Corp. 3,358,433 864,180 # AimCore Technology Co., Ltd. 334,589 271,025 * Airmate Cayman International Co., Ltd. 109,000 107,120 Alchip Technologies, Ltd. 362,000 955,992 # Alcor Micro Corp. 312,000 186,929 #* ALI Corp. 2,195,000 1,492,019 # All Ring Tech Co., Ltd. 440,000 838,678 Allis Electric Co., Ltd. 54,000 18,929 # Alltek Technology Corp. 695,855 594,445 # Alltop Technology Co., Ltd. 393,000 973,365 Alpha Networks, Inc. 2,014,386 1,647,219 # Altek Corp. 1,890,945 1,647,832 # Amazing Microelectronic Corp. 345,560 1,139,442 Ambassador Hotel (The) 1,657,000 1,281,210 # AMICCOM Electronics Corp. 337,000 471,786 # AMPOC Far-East Co., Ltd. 632,444 524,700 # AmTRAN Technology Co., Ltd. 5,921,951 3,814,006 # Anpec Electronics Corp. 642,590 1,015,403 # AP Memory Technology Corp. 225,000 547,671 # Apacer Technology, Inc. 637,325 855,913 APAQ Technology Co., Ltd. 217,000 242,978 APCB, Inc. 865,000 903,588 # Apex Biotechnology Corp. 686,483 788,810 # Apex International Co., Ltd. 733,022 623,998 # Apex Medical Corp. 477,500 476,047 # Apex Science & Engineering 1,046,132 304,609 # Apogee Optocom Co., Ltd. 78,000 387,721 # Arcadyan Technology Corp. 1,033,718 1,610,945 Ardentec Corp. 2,939,274 2,721,737 * Arima Communications Corp. 769,644 109,351 # Asia Optical Co., Inc. 1,615,000 3,801,187 # Asia Plastic Recycling Holding, Ltd. 1,633,398 749,250 # Asia Polymer Corp. 2,426,806 1,471,424 Asia Tech Image, Inc. 215,000 349,287 # Asia Vital Components Co., Ltd. 2,290,058 2,006,798 # ASMedia Technology, Inc. 162,000 2,118,657 # ASPEED Technology, Inc. 157,599 3,652,930 # ASROCK, Inc. 220,000 524,398 Aten International Co., Ltd. 628,479 1,627,132 Audix Corp. 614,600 785,302 # AURAS Technology Co., Ltd. 424,148 1,165,836 # Aurona Industries, Inc. 418,000 365,153 # Aurora Corp. 720,499 1,400,101 # Avalue Technology, Inc. 276,000 467,819 Avermedia Technologies 906,446 316,684 * Avision, Inc. 437,000 96,594 # AVY Precision Technology, Inc. 480,670 853,017 # Awea Mechantronic Co., Ltd. 273,210 283,738 # Axiomtek Co., Ltd. 385,000 703,245 Bank of Kaohsiung Co., Ltd. 3,022,079 1,025,802 # Basso Industry Corp. 815,900 2,223,552 # BenQ Materials Corp. 1,310,000 715,697 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # BES Engineering Corp. 10,877,750 $2,346,291 #* Bin Chuan Enterprise Co., Ltd. 494,000 727,755 * Bionet Corp. 132,000 133,311 # Bionime Corp. 180,000 366,387 * Biostar Microtech International Corp. 1,089,975 599,833 # Bioteque Corp. 401,308 1,130,223 # Bizlink Holding, Inc. 717,954 5,347,101 # Boardtek Electronics Corp. 847,000 765,170 # Bon Fame Co., Ltd. 142,000 456,847 # Bothhand Enterprise, Inc. 388,000 767,106 # Bright Led Electronics Corp. 786,520 389,260 #* Browave Corp. 460,000 688,508 # C Sun Manufacturing, Ltd. 784,221 536,205 C-Media Electronics, Inc. 69,000 56,295 #* Calin Technology Co., Ltd. 105,000 134,756 * Cameo Communications, Inc. 1,406,818 390,683 # Capital Futures Corp. 564,039 692,040 # Capital Securities Corp. 13,512,142 4,443,237 Career Technology MFG. Co., Ltd. 2,351,000 1,562,145 #* Carnival Industrial Corp. 1,419,000 225,933 # Casetek Holdings, Ltd. 1,032,000 3,259,850 Cathay Chemical Works 30,000 15,205 Cathay Real Estate Development Co., Ltd. 4,400,700 2,528,181 # Cayman Engley Industrial Co., Ltd. 158,000 886,379 # Celxpert Energy Corp. 357,000 304,274 #* Center Laboratories, Inc. 979,000 1,915,930 Central Reinsurance Co., Ltd. 919,410 449,024 #* Chain Chon Industrial Co., Ltd. 773,000 466,862 # ChainQui Construction Development Co., Ltd. 379,083 239,856 #* Champion Building Materials Co., Ltd. 2,163,851 528,985 # Champion Microelectronic Corp. 265,922 411,396 Chang Wah Electromaterials, Inc. 218,905 997,233 # Chang Wah Technology Co., Ltd. 47,000 634,252 # Channel Well Technology Co., Ltd. 1,036,000 904,112 # Chant Sincere Co., Ltd. 387,000 473,910 # Charoen Pokphand Enterprise 1,319,985 3,013,112 # Chaun-Choung Technology Corp. 457,000 1,913,447 # CHC Healthcare Group 409,000 560,152 CHC Resources Corp. 429,348 739,503 # Chen Full International Co., Ltd. 646,000 1,124,886 # Chenbro Micom Co., Ltd. 417,000 713,777 # Cheng Loong Corp. 5,698,383 2,991,192 Cheng Uei Precision Industry Co., Ltd. 3,100,331 4,205,153 # Chenming Mold Industry Corp. 732,437 470,083 # Chia Chang Co., Ltd. 878,000 710,959 # Chia Hsin Cement Corp. 2,268,121 804,032 # Chian Hsing Forging Industrial Co., Ltd. 263,000 637,485 Chicony Power Technology Co., Ltd. 906,721 1,858,400 # Chien Kuo Construction Co., Ltd. 1,568,312 462,881 # Chilisin Electronics Corp. 830,458 2,075,164 # Chime Ball Technology Co., Ltd. 119,698 260,816 #* Chimei Materials Technology Corp. 2,484,900 1,113,655 # Chin-Poon Industrial Co., Ltd. 2,503,207 4,941,835 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # China Bills Finance Corp. 4,384,000 $2,170,444 China Chemical & Pharmaceutical Co., Ltd. 1,873,000 1,110,613 # China Ecotek Corp. 200,000 274,892 * China Electric Manufacturing Corp. 1,404,900 371,597 China General Plastics Corp. 2,444,341 2,344,041 China Glaze Co., Ltd. 507,002 199,689 # China Man-Made Fiber Corp. 7,685,972 2,264,931 China Metal Products 1,848,603 1,864,113 #* China Petrochemical Development Corp. 17,286,000 7,213,619 # China Steel Chemical Corp. 1,017,554 3,863,625 # China Steel Structure Co., Ltd. 585,000 397,199 China Synthetic Rubber Corp. 3,471,573 3,927,649 China Wire & Cable Co., Ltd. 716,160 616,129 # Chinese Maritime Transport, Ltd. 708,594 638,466 Chipbond Technology Corp. 4,218,000 6,947,913 # ChipMOS TECHNOLOGIES, Inc. 1,535,000 1,508,650 ChipMOS TECHNOLOGIES, Inc. ADR 4,998 97,161 # Chlitina Holding, Ltd. 352,000 1,498,920 # Chong Hong Construction Co., Ltd. 1,282,666 3,045,558 # Chroma ATE, Inc. 1,973,821 6,235,776 Chun YU Works & Co., Ltd. 1,382,000 649,690 Chun Yuan Steel 2,384,529 904,077 #* Chung Hung Steel Corp. 6,362,979 2,139,327 Chung Hwa Food Industrial Co., Ltd. 48,850 105,643 # Chung Hwa Pulp Corp. 3,179,405 1,068,415 Chung-Hsin Electric & Machinery Manufacturing Corp. 2,921,375 2,050,367 Chunghwa Chemical Synthesis & Biotech Co., Ltd. 165,000 127,336 * Chunghwa Picture Tubes, Ltd. 14,410,000 787,167 # Chyang Sheng Dyeing & Finishing Co., Ltd. 982,000 780,989 Cleanaway Co., Ltd. 459,000 2,637,379 Clevo Co. 3,236,200 2,892,044 * CMC Magnetics Corp. 15,197,566 1,951,265 #* Co-Tech Development Corp. 768,000 1,256,682 CoAdna Holdings, Inc. 44,000 66,553 # CoAsia Microelectronics Corp. 803,397 403,237 # Coland Holdings, Ltd. 322,000 427,602 Collins Co., Ltd. 562,431 210,456 # Compeq Manufacturing Co., Ltd. 7,469,000 6,885,422 Compucase Enterprise 503,000 781,540 Concord Securities Co., Ltd. 3,059,000 667,619 # Concraft Holding Co., Ltd. 180,000 1,280,993 # Continental Holdings Corp. 3,306,320 1,259,294 # Contrel Technology Co., Ltd. 916,000 589,430 # Coremax Corp. 321,000 855,314 Coretronic Corp. 3,091,200 3,910,566 Cowealth Medical Holding Co., Ltd. 95,000 126,593 Coxon Precise Industrial Co., Ltd. 820,000 755,274 Creative Sensor, Inc. 409,000 296,074 #* Crown Bioscience International 135,000 198,374 #* CSBC Corp. Taiwan 3,263,610 1,415,971 # Cub Elecparts, Inc. 332,257 4,128,204 # CviLux Corp. 533,040 570,277 # CX Technology Co., Ltd. 446,000 404,033 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Cyberlink Corp. 533,697 $1,121,103 # CyberPower Systems, Inc. 264,000 828,381 # CyberTAN Technology, Inc. 2,209,779 1,481,011 # Cypress Technology Co., Ltd. 247,000 1,389,637 # D-Link Corp. 5,120,668 1,888,861 # DA CIN Construction Co., Ltd. 1,090,711 637,448 # Da-Li Development Co., Ltd. 1,069,032 854,916 # Dadi Early-Childhood Education Group, Ltd. 48,000 279,725 Dafeng TV, Ltd. 454,870 557,374 #* Danen Technology Corp. 2,682,000 571,960 Darfon Electronics Corp. 1,769,550 1,502,529 Darwin Precisions Corp. 2,467,635 1,037,935 Davicom Semiconductor, Inc. 164,888 124,739 Daxin Materials Corp. 280,000 398,684 # De Licacy Industrial Co. 1,908,156 1,812,965 # Delpha Construction Co., Ltd. 732,931 337,414 Depo Auto Parts Ind Co., Ltd. 704,000 1,912,814 # DFI, Inc. 514,524 845,056 Dimerco Data System Corp. 29,000 35,422 # Dimerco Express Corp. 799,000 568,701 # Dr Wu Skincare Co., Ltd. 23,000 125,267 Draytek Corp. 247,000 263,093 # Dynacolor, Inc. 306,000 366,183 * Dynamic Electronics Co., Ltd. 1,905,321 747,618 Dynapack International Technology Corp. 1,064,000 1,380,413 E Ink Holdings, Inc. 5,881,000 6,287,421 # E-Lead Electronic Co., Ltd. 507,942 476,926 E-LIFE MALL Corp. 477,000 970,031 * E-Ton Solar Tech Co., Ltd. 2,627,209 722,655 * Eastern Media International Corp. 4,370,889 1,262,105 # ECOVE Environment Corp. 185,000 1,029,157 Edimax Technology Co., Ltd. 1,297,108 440,083 * Edison Opto Corp. 810,000 367,675 # Edom Technology Co., Ltd. 1,189,968 642,350 eGalax_eMPIA Technology, Inc. 375,131 610,698 * Egis Technology, Inc. 75,000 606,112 # Elan Microelectronics Corp. 2,837,715 4,295,679 Elite Advanced Laser Corp. 903,024 3,708,226 Elite Material Co., Ltd. 1,920,350 9,497,735 # Elite Semiconductor Memory Technology, Inc. 1,994,200 2,354,690 * Elitegroup Computer Systems Co., Ltd. 2,364,254 1,545,196 # eMemory Technology, Inc. 489,000 7,180,773 # Emerging Display Technologies Corp. 748,000 231,974 ENG Electric Co., Ltd. 1,161,465 615,359 # Ennoconn Corp. 290,972 4,362,759 # EnTie Commercial Bank Co., Ltd. 2,226,603 943,654 #* Epileds Technologies, Inc. 171,000 114,893 #* Epistar Corp. 7,432,000 7,104,447 Eslite Spectrum Corp. (The) 62,000 303,648 # Eson Precision Ind. Co., Ltd. 513,000 802,815 Eternal Materials Co., Ltd. 3,995,618 4,495,899 * Etron Technology, Inc. 2,570,000 1,011,519 # Eurocharm Holdings Co., Ltd. 201,000 614,460 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # Everest Textile Co., Ltd. 2,625,562 $1,395,958 Evergreen International Storage & Transport Corp. 3,701,000 1,715,869 Everlight Chemical Industrial Corp. 3,387,606 2,002,167 # Everlight Electronics Co., Ltd. 2,909,000 4,424,982 # Everspring Industry Co., Ltd. 995,000 451,829 # Excelsior Medical Co., Ltd. 633,217 1,007,536 # EZconn Corp. 256,000 376,225 Far Eastern Department Stores, Ltd. 7,204,000 3,591,042 Far Eastern International Bank 16,170,921 5,334,210 # Faraday Technology Corp. 1,685,788 2,310,472 * Farglory F T Z Investment Holding Co., Ltd. 485,000 216,157 Farglory Land Development Co., Ltd. 2,082,000 2,606,646 # Federal Corp. 3,264,238 1,536,533 # Feedback Technology Corp. 336,000 746,112 # Feng Hsin Steel Co., Ltd. 3,177,100 5,440,607 Fine Blanking & Tool Co., Ltd. 13,000 18,353 * First Copper Technology Co., Ltd. 1,011,000 360,093 # First Hi-Tec Enterprise Co., Ltd. 409,205 433,305 # First Hotel 976,967 543,449 First Insurance Co., Ltd. (The) 1,197,179 547,086 #* First Steamship Co., Ltd. 4,871,424 1,482,438 # FLEXium Interconnect, Inc. 2,051,519 9,579,692 # Flytech Technology Co., Ltd. 777,309 2,517,729 # FocalTech Systems Co., Ltd. 1,923,048 2,511,914 # Forest Water Environment Engineering Co., Ltd. 308,000 611,090 Formosa Advanced Technologies Co., Ltd. 1,172,000 1,089,894 # Formosa International Hotels Corp. 386,329 2,002,229 # Formosa Laboratories, Inc. 503,000 1,335,270 # Formosa Oilseed Processing Co., Ltd. 708,567 1,368,775 Formosa Optical Technology Co., Ltd. 145,000 344,645 # Formosan Rubber Group, Inc. 2,795,501 1,392,491 # Formosan Union Chemical 2,151,218 1,420,802 # Fortune Electric Co., Ltd. 891,078 511,541 # Founding Construction & Development Co., Ltd. 1,114,623 583,215 Foxlink Image Technology Co., Ltd. 719,000 407,971 # Foxsemicon Integrated Technology, Inc. 389,550 2,761,950 Froch Enterprise Co., Ltd. 1,216,189 572,124 FSP Technology, Inc. 1,036,427 828,583 # Fulgent Sun International Holding Co., Ltd. 355,827 1,008,266 # Fullerton Technology Co., Ltd. 515,600 408,615 # Fulltech Fiber Glass Corp. 2,325,083 1,112,140 # Fwusow Industry Co., Ltd. 847,138 502,353 G Shank Enterprise Co., Ltd. 896,281 788,575 #* G Tech Optoelectronics Corp. 780,354 501,281 # Gallant Precision Machining Co., Ltd. 1,099,000 843,250 Gamania Digital Entertainment Co., Ltd. 669,000 806,739 # GCS Holdings, Inc. 396,000 845,249 Gemtek Technology Corp. 2,257,219 1,959,340 # General Plastic Industrial Co., Ltd. 269,553 348,045 Generalplus Technology, Inc. 349,000 415,384 * Genesis Photonics, Inc. 1,278,917 114,798 # Genesys Logic, Inc. 581,000 711,499 #* Genius Electronic Optical Co., Ltd. 485,427 5,553,616 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) * Genmont Biotech, Inc. 48,000 $ 33,718 # Genovate Biotechnology Co., Ltd. 87,000 107,957 # GeoVision, Inc. 443,931 596,523 Getac Technology Corp. 2,800,360 3,541,869 # Giantplus Technology Co., Ltd. 1,585,900 991,465 # Gigabyte Technology Co., Ltd. 3,920,800 5,010,251 # Gigasolar Materials Corp. 199,880 1,673,595 #* Gigastorage Corp. 2,770,561 1,591,400 # Ginko International Co., Ltd. 337,000 3,108,265 #* Gintech Energy Corp. 4,150,561 2,268,069 * Global Brands Manufacture, Ltd. 2,093,359 777,160 # Global Lighting Technologies, Inc. 622,000 971,908 # Global Mixed Mode Technology, Inc. 519,000 1,155,601 # Global PMX Co., Ltd. 265,000 1,508,236 Global Unichip Corp. 638,000 3,643,742 Globalwafers Co., Ltd. 419,048 3,298,897 Globe Union Industrial Corp. 1,520,914 1,138,985 Gloria Material Technology Corp. 3,820,547 2,549,020 # Glory Science Co., Ltd. 330,296 691,085 * GlycoNex, Inc. 126,000 114,834 * Gold Circuit Electronics, Ltd. 2,928,227 988,969 Golden Friends Corp. 163,000 237,156 #* Goldsun Building Materials Co., Ltd. 8,833,722 2,746,542 # Good Will Instrument Co., Ltd. 237,869 180,276 # Grand Ocean Retail Group, Ltd. 364,000 282,220 Grand Pacific Petrochemical 6,845,000 4,946,878 # Grand Plastic Technology Corp. 125,000 819,138 # Grape King Bio, Ltd. 755,000 4,784,699 Great China Metal Industry 1,067,000 899,311 # Great Taipei Gas Co., Ltd. 1,698,000 1,397,486 Great Wall Enterprise Co., Ltd. 3,872,774 4,201,506 # Greatek Electronics, Inc. 2,080,000 3,525,282 #* Green Energy Technology, Inc. 2,369,457 1,118,137 # Green River Holding Co., Ltd. 95,950 511,850 # Green Seal Holding, Ltd. 374,700 1,097,622 GTM Holdings Corp. 734,000 420,103 # Hakers Enterprise Co., Ltd. 127,200 164,099 # Hannstar Board Corp. 2,192,049 1,069,160 #* HannStar Display Corp. 21,469,506 6,487,135 * HannsTouch Solution, Inc. 3,670,805 1,233,109 # Hanpin Electron Co., Ltd. 405,000 519,608 * Harvatek Corp. 941,949 322,505 Hey Song Corp. 2,024,750 2,128,957 Hi-Clearance, Inc. 185,000 568,443 # HIM International Music, Inc. 154,000 624,701 Hiroca Holdings, Ltd. 535,448 1,906,726 * HiTi Digital, Inc. 1,013,935 360,862 # Hitron Technology, Inc. 1,757,213 1,148,627 * Ho Tung Chemical Corp. 6,007,391 1,647,725 #* Hocheng Corp. 2,223,700 672,374 Hold-Key Electric Wire & Cable Co., Ltd. 205,908 57,081 Holiday Entertainment Co., Ltd. 513,800 854,495 # Holtek Semiconductor, Inc. 1,262,000 2,448,145 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) Holy Stone Enterprise Co., Ltd. 1,344,728 $1,645,702 Hong Pu Real Estate Development Co., Ltd. 1,808,185 1,398,215 # Hong TAI Electric Industrial 1,249,000 408,858 # Hong YI Fiber Industry Co. 1,217,652 883,138 * Horizon Securities Co., Ltd. 2,760,000 598,378 # Hota Industrial Manufacturing Co., Ltd. 1,550,932 7,098,341 # Hotron Precision Electronic Industrial Co., Ltd. 103,000 185,684 # Hsin Kuang Steel Co., Ltd. 1,619,443 1,621,589 # Hsin Yung Chien Co., Ltd. 240,100 565,313 # Hsing TA Cement Co. 540,900 185,529 Hu Lane Associate, Inc. 594,866 3,546,135 * HUA ENG Wire & Cable Co., Ltd. 2,676,565 895,781 Huaku Development Co., Ltd. 1,759,816 3,723,584 # Huang Hsiang Construction Corp. 754,800 915,967 Hung Ching Development & Construction Co., Ltd. 730,000 473,044 Hung Sheng Construction, Ltd. 3,332,400 2,168,865 Huxen Corp. 301,244 418,283 # Hwa Fong Rubber Co., Ltd. 1,625,890 597,798 * Hwacom Systems, Inc. 442,000 168,855 * I-Chiun Precision Industry Co., Ltd. 846,313 260,915 # I-Sheng Electric Wire & Cable Co., Ltd. 773,000 1,104,297 # Ibase Technology, Inc. 787,073 1,548,440 #* Ichia Technologies, Inc. 2,319,000 1,455,118 # Ideal Bike Corp. 862,263 322,602 IEI Integration Corp. 1,355,209 2,072,518 # Infortrend Technology, Inc. 1,341,163 670,852 # Innodisk Corp. 382,053 1,294,893 # Inpaq Technology Co., Ltd. 546,000 487,838 # Intai Technology Corp. 213,000 736,732 # Integrated Service Technology, Inc. 403,178 1,588,300 # IntelliEPI, Inc. 236,000 698,071 # International Games System Co., Ltd. 385,000 2,025,028 # Iron Force Industrial Co., Ltd. 337,393 1,714,948 ITE Technology, Inc. 1,034,095 1,118,834 ITEQ Corp. 1,437,614 2,187,101 J Touch Corp. 11,000 206 # Jarllytec Co., Ltd. 351,000 702,775 # Jentech Precision Industrial Co., Ltd. 422,868 1,074,090 Jess-Link Products Co., Ltd. 1,015,900 973,818 # Jih Sun Financial Holdings Co., Ltd. 9,827,896 2,307,674 # Jinan Acetate Chemical Co., Ltd. 13,000 77,094 # Jinli Group Holdings, Ltd. 748,600 911,008 # Johnson Health Tech Co., Ltd. 669,257 814,588 # K Laser Technology, Inc. 753,000 378,005 Kang Na Hsiung Enterprise Co., Ltd. 333,020 119,057 # Kaori Heat Treatment Co., Ltd. 598,197 926,094 Kaulin Manufacturing Co., Ltd. 875,330 553,668 # KEE TAI Properties Co., Ltd. 2,564,473 849,177 # Kenmec Mechanical Engineering Co., Ltd. 1,283,000 411,681 # Kerry TJ Logistics Co., Ltd. 1,627,000 1,942,609 # Kindom Construction Corp. 2,620,000 1,579,253 # King Chou Marine Technology Co., Ltd. 454,920 518,752 # King Yuan Electronics Co., Ltd. 8,804,979 8,769,241 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) King's Town Bank Co., Ltd. 4,991,701 $5,158,330 #* King's Town Construction Co., Ltd. 921,074 728,988 # Kingcan Holdings, Ltd. 375,273 379,708 # Kingpak Technology, Inc. 196,117 1,256,076 Kinik Co. 858,000 2,210,652 #* Kinko Optical Co., Ltd. 964,000 1,083,210 Kinpo Electronics 8,649,157 3,166,336 # Kinsus Interconnect Technology Corp. 1,255,000 3,382,614 # KMC Kuei Meng International, Inc. 420,146 2,009,270 # KS Terminals, Inc. 913,482 1,697,681 # Kung Long Batteries Industrial Co., Ltd. 462,000 2,363,361 #* Kung Sing Engineering Corp. 1,965,000 683,322 # Kuo Toong International Co., Ltd. 1,590,511 1,076,908 Kuoyang Construction Co., Ltd. 2,979,384 1,376,587 Kwong Fong Industries Corp. 934,183 716,090 # Kwong Lung Enterprise Co., Ltd. 479,000 714,395 * KYE Systems Corp. 1,763,672 523,528 # L&K Engineering Co., Ltd. 1,240,048 1,497,876 #* LAN FA Textile 1,708,933 479,570 # Land Mark Optoelectronics Corp. 351,300 4,812,242 # Lanner Electronics, Inc. 689,006 974,867 # Laser Tek Taiwan Co., Ltd. 492,504 467,838 # Laster Tech Corp., Ltd. 268,000 707,886 LCY Chemical Corp. 697,383 1,012,007 # Leader Electronics, Inc. 828,000 279,878 Leadtrend Technology Corp. 120,086 112,674 * Lealea Enterprise Co., Ltd. 5,061,892 1,827,782 # Ledlink Optics, Inc. 326,300 457,803 Ledtech Electronics Corp. 351,000 145,321 LEE CHI Enterprises Co., Ltd. 1,155,000 395,850 # Lelon Electronics Corp. 512,300 689,152 # Lemtech Holdings Co., Ltd. 130,000 934,452 Leofoo Development Co., Ltd. 1,810,116 495,028 * LES Enphants Co., Ltd. 727,754 265,016 #* Lextar Electronics Corp. 2,699,500 1,573,714 # Li Cheng Enterprise Co., Ltd. 433,800 1,217,687 #* Li Peng Enterprise Co., Ltd. 4,451,897 1,248,696 # Lian HWA Food Corp. 469,584 556,819 # Lien Chang Electronic Enter 476,000 235,019 Lien Hwa Industrial Corp. 4,261,115 3,965,348 # Lingsen Precision Industries, Ltd. 2,644,506 1,285,954 # Lion Travel Service Co., Ltd. 83,000 274,333 Lite-On Semiconductor Corp. 1,509,539 1,493,757 # Long Bon International Co., Ltd. 2,438,945 1,280,125 # Long Chen Paper Co., Ltd. 4,235,722 5,330,878 # Longwell Co. 854,000 1,074,294 Lotes Co., Ltd. 456,778 2,640,977 # Lu Hai Holding Corp. 276,000 519,105 # Lucky Cement Corp. 1,603,000 471,411 # Lumax International Corp., Ltd. 697,769 1,231,150 Lung Yen Life Service Corp. 1,088,000 2,665,832 #* LuxNet Corp. 479,482 508,947 # Macauto Industrial Co., Ltd. 346,000 2,261,653 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # Machvision, Inc. 212,000 $ 1,234,818 # Macroblock, Inc. 211,000 530,815 #* Macronix International 18,837,481 10,270,055 # Mag Layers Scientific-Technics Co., Ltd. 296,303 662,956 # Makalot Industrial Co., Ltd. 1,363,677 6,094,639 # Marketech International Corp. 862,000 1,101,001 Masterlink Securities Corp. 8,254,728 2,211,435 # Materials Analysis Technology, Inc. 216,342 765,449 # Mayer Steel Pipe Corp. 884,567 389,667 Maywufa Co., Ltd. 69,322 31,111 # Meiloon Industrial Co. 1,082,809 934,865 Mercuries & Associates Holding, Ltd. 2,431,790 1,827,428 * Mercuries Life Insurance Co., Ltd. 6,676,760 3,493,555 # Merry Electronics Co., Ltd. 1,128,477 9,305,112 * Microbio Co., Ltd. 2,948,607 2,283,777 # Microelectronics Technology, Inc. 491,655 596,170 Microlife Corp. 344,600 803,267 # Mildef Crete, Inc. 330,000 616,698 # MIN AIK Technology Co., Ltd. 1,324,316 1,333,260 # Mirle Automation Corp. 1,333,098 1,765,444 # Mitac Holdings Corp. 4,307,004 5,152,403 # Mobiletron Electronics Co., Ltd. 477,800 609,000 # momo.com, Inc. 182,000 1,290,817 * Mosel Vitelic, Inc. 884,201 89,663 #* Motech Industries, Inc. 3,057,731 2,458,743 # MPI Corp. 464,000 1,412,566 # Nak Sealing Technologies Corp. 387,954 1,063,894 # Namchow Chemical Industrial Co., Ltd. 1,306,000 2,794,314 # Nan Kang Rubber Tire Co., Ltd. 3,425,952 3,135,329 # Nan Liu Enterprise Co., Ltd. 301,000 1,455,657 Nan Ren Lake Leisure Amusement Co., Ltd. 855,000 227,046 Nan Ya Printed Circuit Board Corp. 1,722,000 1,348,550 # Nang Kuang Pharmaceutical co., Ltd. 396,000 517,216 # Nantex Industry Co., Ltd. 1,959,149 1,444,045 # National Petroleum Co., Ltd. 217,824 283,241 #* Neo Solar Power Corp. 6,203,744 2,865,187 # Netronix, Inc. 477,000 1,073,445 New Asia Construction & Development Corp. 338,835 79,439 New Best Wire Industrial Co., Ltd. 133,000 147,734 # New Era Electronics Co., Ltd. 312,000 211,769 #* Newmax Technology Co., Ltd. 705,009 1,023,683 # Nexcom International Co., Ltd. 698,094 682,553 # Nichidenbo Corp. 947,801 862,835 Nien Hsing Textile Co., Ltd. 1,838,436 1,373,000 # Nishoku Technology, Inc. 328,000 853,795 # Nuvoton Technology Corp. 551,000 1,038,508 * O-TA Precision Industry Co., Ltd. 42,000 17,939 #* Ocean Plastics Co., Ltd. 939,200 821,264 # On-Bright Electronics, Inc. 222,600 1,596,167 # OptoTech Corp. 3,846,886 2,074,387 # Orient Europharma Co., Ltd. 268,000 611,662 * Orient Semiconductor Electronics, Ltd. 4,518,000 1,314,697 Oriental Union Chemical Corp. 3,865,267 3,594,159 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # P-Duke Technology Co., Ltd. 291,500 $ 608,899 P-Two Industries, Inc. 127,000 80,072 # Pacific Construction Co. 1,868,921 650,377 # Pacific Hospital Supply Co., Ltd. 397,000 1,012,494 # Paiho Shih Holdings Corp. 908,928 1,678,891 Pan Jit International, Inc. 2,371,541 1,490,911 # Pan-International Industrial Corp. 2,834,747 2,754,997 # Parade Technologies, Ltd. 449,401 6,519,557 # Paragon Technologies Co., Ltd. 444,246 294,852 # PChome Online, Inc. 680,680 4,776,573 # PCL Technologies, Inc. 155,040 653,836 # PharmaEngine, Inc. 453,582 2,881,266 # Pharmally International Holding Co., Ltd. 177,000 2,490,553 #* Phihong Technology Co., Ltd. 2,298,401 924,667 # Phoenix Tours International, Inc. 318,450 360,555 Pili International Multimedia Co., Ltd. 47,000 120,726 # Pixart Imaging, Inc. 593,150 1,688,747 # Planet Technology Corp. 94,000 172,688 Plastron Precision Co., Ltd. 372,000 275,834 Plotech Co., Ltd. 171,000 117,064 # Polytronics Technology Corp. 349,027 672,746 Portwell, Inc. 567,000 919,707 # Posiflex Technology, Inc. 324,024 1,792,935 # Power Quotient International Co., Ltd. 1,023,600 424,738 Powertech Industrial Co., Ltd. 80,000 54,909 Poya International Co., Ltd. 289,098 3,689,096 * President Securities Corp. 6,313,664 2,927,201 Primax Electronics, Ltd. 2,765,000 6,039,186 * Prime Electronics & Satellitics, Inc. 667,822 213,105 Prince Housing & Development Corp. 8,591,644 3,100,926 #* Princeton Technology Corp. 1,099,000 296,133 Pro Hawk Corp. 99,000 462,074 # Promate Electronic Co., Ltd. 1,172,000 1,110,127 # Promise Technology, Inc. 1,152,286 493,934 # Prosperity Dielectrics Co., Ltd. 726,000 572,838 Qisda Corp. 3,794,900 3,001,843 # QST International Corp. 166,000 564,021 # Qualipoly Chemical Corp. 584,713 576,148 # Quang Viet Enterprise Co., Ltd. 71,000 402,259 # Quanta Storage, Inc. 1,390,000 1,912,592 Quintain Steel Co., Ltd. 1,503,000 441,615 # Radiant Opto-Electronics Corp. 3,257,000 7,737,090 * Radium Life Tech Co., Ltd. 4,954,100 2,173,875 Rafael Microelectronics, Inc. 96,000 665,214 Rechi Precision Co., Ltd. 2,127,181 2,230,498 # Rexon Industrial Corp., Ltd. 94,392 94,284 Rich Development Co., Ltd. 4,361,036 1,400,472 # RichWave Technology Corp. 283,000 988,460 #* Right WAY Industrial Co., Ltd. 115,000 77,226 #* Ritek Corp. 13,654,860 2,304,470 #* Rotam Global Agrosciences, Ltd. 488,268 527,791 # Ruentex Engineering & Construction Co. 226,000 291,119 # Run Long Construction Co., Ltd. 862,292 1,361,956 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TAIWAN -- (Continued) # Sagittarius Life Science Corp. 168,889 $ 575,735 Sampo Corp. 3,467,327 1,733,070 # San Fang Chemical Industry Co., Ltd. 1,289,647 1,529,104 San Far Property, Ltd. 74,000 29,411 # San Shing Fastech Corp. 750,875 1,263,127 Sanitar Co., Ltd. 116,000 149,249 Sanyang Motor Co., Ltd. 3,683,628 2,553,545 # SCI Pharmtech, Inc. 433,395 942,749 # Scientech Corp. 322,000 666,311 # SDI Corp. 891,000 1,876,985 # Sea Sonic Electronics Co., Ltd. 143,000 146,261 # Senao International Co., Ltd. 707,541 1,359,498 # Senao Networks, Inc. 182,000 816,050 Sercomm Corp. 1,655,000 4,188,561 # Sesoda Corp. 1,157,712 1,088,074 Shan-Loong Transportation Co., Ltd. 259,000 291,277 # Sharehope Medicine Co., Ltd. 336,000 422,634 Sheng Yu Steel Co., Ltd. 845,980 994,463 ShenMao Technology, Inc. 583,891 559,377 Shieh Yih Machinery Industry Co., Ltd. 166,000 72,556 Shih Her Technologies, Inc. 284,000 288,233 * Shih Wei Navigation Co., Ltd. 1,815,384 531,936 # Shihlin Electric & Engineering Corp. 1,714,000 2,260,276 * Shihlin Paper Corp. 35,000 36,393 Shin Hai Gas Corp. 1,245 1,639 # Shin Zu Shing Co., Ltd. 1,053,144 3,214,385 # Shinih Enterprise Co., Ltd. 128,000 84,190 * Shining Building Business Co., Ltd. 2,608,593 885,347 Shinkong Insurance Co., Ltd. 1,313,131 1,109,098 Shinkong Synthetic Fibers Corp. 9,970,395 3,028,285 Shinkong Textile Co., Ltd. 964,542 1,309,914 # Shiny Chemical Industrial Co., Ltd. 417,031 896,348 # ShunSin Technology Holding, Ltd. 236,000 771,867 #* Shuttle, Inc. 2,436,152 855,237 Sigurd Microelectronics Corp. 2,739,974 2,548,699 #* Silicon Integrated Systems Corp. 2,673,887 638,541 # Silitech Technology Corp. 897,774 574,123 Simplo Technology Co., Ltd. 1,803,000 5,727,854 Sinbon Electronics Co., Ltd. 1,446,813 3,544,636 Sincere Navigation Corp. 2,188,786 1,452,754 # Single Well Industrial Corp. 266,528 270,328 # Sinher Technology, Inc. 238,000 418,710 # Sinmag Equipment Corp. 303,436 1,798,150 # Sino-American Electronic Co., Ltd. 442,650 721,387 # Sino-American Silicon Products, Inc. 3,975,000 7,972,866 # Sinon Corp. 2,623,510 1,294,227 # Sinphar Pharmaceutical Co., Ltd. 1,004,938 733,631 # Sinyi Realty, Inc. 1,426,659 1,535,901 # Sirtec International Co., Ltd. 873,000 1,291,929 Sitronix Technology Corp. 769,879 2,461,865 # Siward Crystal Technology Co., Ltd. 1,081,000 739,277 Soft-World International Corp. 765,000 2,030,908 #* Solar Applied Materials Technology Co. 2,623,581 1,141,423 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) #* Solartech Energy Corp. 2,500,616 $1,159,224 # Solomon Technology Corp. 573,000 352,280 # Solteam Electronics Co., Ltd. 443,599 592,954 Song Shang Electronics Co., Ltd. 417,000 396,017 # Sonix Technology Co., Ltd. 1,108,000 1,206,132 Southeast Cement Co., Ltd. 1,053,700 532,340 # Speed Tech Corp. 582,000 809,132 Spirox Corp. 52,824 31,937 # Sporton International, Inc. 474,388 2,364,781 # St Shine Optical Co., Ltd. 338,000 6,963,532 # Standard Chemical & Pharmaceutical Co., Ltd. 699,571 778,409 Stark Technology, Inc. 920,860 895,217 # Sunko INK Co., Ltd. 698,000 308,289 # Sunny Friend Environmental Technology Co., Ltd. 392,000 1,992,227 # Sunonwealth Electric Machine Industry Co., Ltd. 1,382,487 1,952,478 Sunplus Technology Co., Ltd. 3,613,000 1,666,912 Sunrex Technology Corp. 1,162,580 783,188 # Sunspring Metal Corp. 842,000 1,147,834 * Sunty Development Co., Ltd. 42,000 15,655 # Supreme Electronics Co., Ltd. 2,437,508 2,396,589 # Swancor Holding Co., Ltd. 558,206 1,585,575 Sweeten Real Estate Development Co., Ltd. 612,357 278,760 # Syncmold Enterprise Corp. 1,072,000 2,318,787 Synmosa Biopharma Corp. 40,000 40,523 # Sysage Technology Co., Ltd. 615,484 637,016 #* Sysgration 1,116,000 340,406 # Systex Corp. 1,291,388 2,457,342 T-Mac Techvest PCB Co., Ltd. 380,000 146,540 # T3EX Global Holdings Corp. 665,117 471,525 TA Chen Stainless Pipe 4,636,521 2,663,915 * Ta Chong Securities Co., Ltd. 1,478,000 543,096 Ta Liang Technology Co., Ltd. 103,000 160,237 * Ta Ya Electric Wire & Cable 3,901,306 863,130 # Ta Yih Industrial Co., Ltd. 219,000 600,734 # TA-I Technology Co., Ltd. 815,718 667,516 # Tah Hsin Industrial Corp. 426,600 358,252 TAI Roun Products Co., Ltd. 201,000 67,893 #* Tai Tung Communication Co., Ltd. 591,197 481,086 # Tai-Saw Technology Co., Ltd. 235,120 156,159 Taichung Commercial Bank Co., Ltd. 15,118,681 5,207,672 # TaiDoc Technology Corp. 320,448 1,103,336 Taiflex Scientific Co., Ltd. 1,381,340 2,029,347 # Taimide Tech, Inc. 585,250 823,491 # Tainan Enterprises Co., Ltd. 886,370 726,503 # Tainan Spinning Co., Ltd. 7,659,044 3,346,409 #* Tainergy Tech Co., Ltd. 1,760,000 716,924 #* Taisun Enterprise Co., Ltd. 2,130,428 1,478,195 #* Taita Chemical Co., Ltd. 1,331,951 463,576 # Taiwan Acceptance Corp. 796,480 2,941,311 # Taiwan Chinsan Electronic Industrial Co., Ltd. 648,000 1,117,603 # Taiwan Cogeneration Corp. 2,697,566 2,117,193 # Taiwan Fire & Marine Insurance Co., Ltd. 1,242,338 783,838 # Taiwan FU Hsing Industrial Co., Ltd. 1,070,000 1,307,001 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) Taiwan Hon Chuan Enterprise Co., Ltd. 2,302,468 $4,163,269 Taiwan Hopax Chemicals Manufacturing Co., Ltd. 1,130,120 638,038 Taiwan Land Development Corp. 6,351,991 2,208,730 # Taiwan Line Tek Electronic 608,306 511,590 #* Taiwan Mask Corp. 1,244,412 726,749 Taiwan Navigation Co., Ltd. 1,187,777 542,838 Taiwan Optical Platform Co., Ltd. 9,360 36,894 # Taiwan Paiho, Ltd. 1,991,287 8,307,684 Taiwan PCB Techvest Co., Ltd. 1,822,238 1,781,793 #* Taiwan Prosperity Chemical Corp. 1,037,000 682,062 * Taiwan Pulp & Paper Corp. 2,217,980 1,362,956 # Taiwan Sakura Corp. 1,374,803 1,656,024 Taiwan Sanyo Electric Co., Ltd. 401,400 319,708 Taiwan Semiconductor Co., Ltd. 1,582,000 2,142,334 # Taiwan Shin Kong Security Co., Ltd. 1,702,710 2,139,918 Taiwan Styrene Monomer 3,812,209 2,631,449 Taiwan Surface Mounting Technology Corp. 1,922,388 1,575,311 Taiwan TEA Corp. 5,074,897 2,722,301 # Taiwan Union Technology Corp. 1,548,000 3,330,965 Taiyen Biotech Co., Ltd. 857,883 852,293 #* Tatung Co., Ltd. 15,364,015 6,460,270 # TCI Co., Ltd. 480,993 2,944,824 Te Chang Construction Co., Ltd. 393,184 256,670 * Teapo Electronic Corp. 462,000 420,835 Tehmag Foods Corp. 124,800 931,945 Ten Ren Tea Co., Ltd. 164,980 190,650 # Test Research, Inc. 1,217,821 1,451,460 Test Rite International Co., Ltd. 2,042,495 1,508,366 #* Tex-Ray Industrial Co., Ltd. 803,000 253,091 # Thinking Electronic Industrial Co., Ltd. 589,204 1,837,133 # Thye Ming Industrial Co., Ltd. 1,153,669 1,503,426 # Ton Yi Industrial Corp. 4,526,644 2,173,387 # Tong Hsing Electronic Industries, Ltd. 1,018,963 4,216,330 # Tong Yang Industry Co., Ltd. 2,743,741 5,093,407 Tong-Tai Machine & Tool Co., Ltd. 1,590,892 1,106,287 # TOPBI International Holdings, Ltd. 355,405 1,134,758 Topco Scientific Co., Ltd. 1,042,463 3,192,882 # Topco Technologies Corp. 144,000 307,083 Topkey Corp. 18,000 59,894 # Topoint Technology Co., Ltd. 1,007,776 780,917 # Toung Loong Textile Manufacturing 679,000 1,979,547 #* TPK Holding Co., Ltd. 2,101,000 7,054,599 Trade-Van Information Services Co. 234,000 218,994 # TrueLight Corp. 550,700 670,325 # Tsang Yow Industrial Co., Ltd. 460,000 651,477 Tsann Kuen Enterprise Co., Ltd. 305,686 256,575 # TSC Auto ID Technology Co., Ltd. 171,700 1,193,299 #* TSEC Corp. 1,675,000 571,212 # TSRC Corp. 4,297,200 4,825,207 # Ttet Union Corp. 300,000 914,045 TTFB Co., Ltd. 68,000 566,770 # TTY Biopharm Co., Ltd. 1,711,979 5,580,975 Tung Ho Steel Enterprise Corp. 5,741,000 4,743,344 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- TAIWAN -- (Continued) # Tung Thih Electronic Co., Ltd. 466,600 $3,313,588 # TURVO International Co., Ltd. 369,112 1,240,152 TXC Corp. 2,170,053 3,137,160 TYC Brother Industrial Co., Ltd. 1,340,980 1,369,923 * Tycoons Group Enterprise 2,628,182 498,392 Tyntek Corp. 1,959,039 846,157 U-Ming Marine Transport Corp. 2,416,000 2,511,603 UDE Corp. 438,000 541,162 # Ultra Chip, Inc. 386,000 421,796 Unimicron Technology Corp. 9,825,000 6,388,805 # Union Bank Of Taiwan 7,448,149 2,207,653 #* Union Insurance Co., Ltd. 467,660 222,178 Unitech Computer Co., Ltd. 612,804 359,990 #* Unitech Printed Circuit Board Corp. 3,589,370 1,277,783 United Integrated Services Co., Ltd. 1,606,439 3,022,231 # United Orthopedic Corp. 516,323 1,191,113 # United Radiant Technology 669,000 464,877 # Unity Opto Technology Co., Ltd. 2,401,500 902,253 Univacco Technology, Inc. 32,000 18,940 Universal Cement Corp. 2,670,433 1,999,059 # Universal Microwave Technology, Inc. 301,000 870,475 * Unizyx Holding Corp. 2,738,430 1,301,356 UPC Technology Corp. 4,951,447 2,329,510 # Userjoy Technology Co., Ltd. 185,900 480,165 USI Corp. 5,746,408 2,846,230 # Usun Technology Co., Ltd. 463,000 940,553 # Utechzone Co., Ltd. 377,000 676,308 # Ve Wong Corp. 621,696 505,452 * Via Technologies, Inc. 774,000 283,048 # Victory New Materials, Ltd. Co. 572,000 983,486 Viking Tech Corp. 57,558 34,688 # Visual Photonics Epitaxy Co., Ltd. 1,313,772 3,005,789 Vivotek, Inc. 443,779 1,298,544 Voltronic Power Technology Corp. 69,000 1,183,186 #* Wafer Works Corp. 3,191,746 2,168,622 # Waffer Technology Co., Ltd. 705,000 433,193 * Wah Hong Industrial Corp. 182,021 120,571 Wah Lee Industrial Corp. 1,218,000 2,037,182 # Walsin Technology Corp. 2,622,834 4,695,724 # Walton Advanced Engineering, Inc. 2,069,197 900,110 WAN HWA Enterprise Co. 725,536 337,647 Waterland Financial Holdings Co., Ltd. 12,827,372 4,065,264 * Wei Chuan Foods Corp. 1,726,000 1,063,294 Wei Mon Industry Co., Ltd. 3,075,282 17,192 # Weikeng Industrial Co., Ltd. 1,712,980 936,187 # Well Shin Technology Co., Ltd. 549,000 904,557 Wha Yu Industrial Co., Ltd. 301,000 196,176 # WinMate Communication, Inc. 201,000 375,484 # Winstek Semiconductor Co., Ltd. 227,000 177,574 Wintek Corp. 5,447,000 61,892 # Wisdom Marine Lines Co., Ltd. 2,237,133 2,126,870 # Wisechip Semiconductor, Inc. 121,302 544,330 Wistron NeWeb Corp. 1,793,470 5,736,866 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- -------------- TAIWAN -- (Continued) Wowprime Corp. 445,000 $ 2,488,914 WT Microelectronics Co., Ltd. 3,041,903 4,505,923 * WUS Printed Circuit Co., Ltd. 2,102,000 1,232,240 # XAC Automation Corp. 553,000 1,070,859 XPEC Entertainment, Inc. 192,135 31,497 # Xxentria Technology Materials Corp. 782,207 1,629,577 Yageo Corp. 178,669 680,427 * Yang Ming Marine Transport Corp. 5,358,607 2,385,716 YC Co., Ltd. 2,453,823 1,020,089 # YC INOX Co., Ltd. 2,446,388 2,017,253 # YCC Parts Manufacturing Co., Ltd. 204,000 310,942 Yea Shin International Development Co., Ltd. 1,051,350 487,431 # Yeong Guan Energy Technology Group Co., Ltd. 661,929 1,793,395 # YFC-Boneagle Electric Co., Ltd. 613,000 1,300,751 * YFY, Inc. 8,949,212 3,037,723 Yi Jinn Industrial Co., Ltd. 1,532,284 558,297 * Yieh Phui Enterprise Co., Ltd. 6,930,668 3,006,006 # Yonyu Plastics Co., Ltd. 469,600 488,300 * Young Fast Optoelectronics Co., Ltd. 679,872 300,475 #* Young Optics, Inc. 409,111 557,421 Youngtek Electronics Corp. 769,666 1,177,668 Yuanta Futures Co., Ltd. 65,000 82,233 # Yung Chi Paint & Varnish Manufacturing Co., Ltd. 461,869 1,260,204 # Yungshin Construction & Development Co., Ltd. 648,000 603,002 YungShin Global Holding Corp. 1,341,015 1,820,507 # Yungtay Engineering Co., Ltd. 2,594,000 4,294,083 Zeng Hsing Industrial Co., Ltd. 392,107 1,662,210 Zenitron Corp. 1,313,000 784,973 # Zero One Technology Co., Ltd. 573,000 374,799 # Zig Sheng Industrial Co., Ltd. 3,408,732 1,026,706 # Zinwell Corp. 2,264,586 2,345,660 # Zippy Technology Corp. 869,948 1,037,930 ZongTai Real Estate Development Co., Ltd. 1,153,277 677,943 -------------- TOTAL TAIWAN 1,164,912,437 -------------- THAILAND -- (3.0%) AAPICO Hitech PCL(B013L48) 986,440 690,699 AAPICO Hitech PCL(B013KZ2) 110,000 77,021 Advanced Information Technology PCL Class F 414,700 348,943 Aeon Thana Sinsap Thailand PCL(B01KHN0) 142,500 428,230 AEON Thana Sinsap Thailand PCL(B01KHP2) 65,900 198,038 * AJ Advance Technology PCL Class F 9,170,200 325,180 AJ Plast PCL 1,240,588 499,568 Amata Corp. PCL 3,406,310 1,607,112 Ananda Development PCL 10,124,500 1,515,184 AP Thailand PCL 10,765,016 2,490,966 * Apex Development PCL 3,536 47 Asia Aviation PCL 13,800,800 2,633,543 * Asia Capital Group PCL 310,800 168,119 Asia Plus Group Holdings PCL 8,263,200 908,849 Asia Sermkij Leasing PCL 982,600 628,954 Asian Insulators PCL 12,731,600 96,147 Asian Phytoceuticals PCL 740,215 30,697 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- THAILAND -- (Continued) Bangchak Corp. PCL 3,383,300 $3,533,114 Bangkok Airways PCL 4,578,800 2,518,054 Bangkok Aviation Fuel Services PCL 1,869,746 2,654,892 Bangkok Chain Hospital PCL 6,623,637 2,786,679 Bangkok Insurance PCL 180,181 1,878,888 Bangkok Land PCL 48,424,670 2,633,950 Bangkok Ranch PCL 2,977,600 648,734 Beauty Community PCL 9,335,600 3,338,501 BEC World PCL 6,209,200 3,451,992 Better World Green PCL 9,594,000 530,493 Big Camera Corp. PCL 10,000,600 1,129,994 BJC Heavy Industries PCL Class F 3,621,900 402,718 Buriram Sugar PCL Class F 1,320,000 452,211 Cal-Comp Electronics Thailand PCL Class F 15,343,944 1,438,646 Central Plaza Hotel PCL 1,251,300 1,532,327 CH Karnchang PCL 3,589,500 3,074,264 Charoong Thai Wire & Cable PCL Class F 967,100 302,251 Christiani & Nielsen Thai Class F 2,930,600 325,852 Chularat Hospital PCL Class F 31,764,300 2,462,756 * CIMB Thai Bank PCL 1,809,500 58,184 CK Power PCL 21,430,690 2,138,142 COL PCL 335,700 511,976 Com7 PCL Class F 3,060,100 1,057,538 * Country Group Development PCL 20,499,300 659,151 Country Group Holdings PCL Class F 7,918,400 340,280 CS Loxinfo PCL 1,380,600 253,081 * Demco PCL 1,971,100 343,557 Dhipaya Insurance PCL 1,058,900 1,336,493 Diamond Building Products PCL 801,500 140,903 Dusit Thani PCL 114,500 41,290 Dynasty Ceramic PCL 21,468,080 2,606,375 * E for L Aim PCL 5,297,900 15,921 Eastern Polymer Group PCL Class F 7,688,000 2,495,166 Eastern Printing PCL 795,912 168,623 Eastern Water Resources Development and Management PCL Class F 5,072,600 1,951,205 Energy Earth PCL 4,765,400 209,081 Erawan Group PCL (The) 8,927,870 1,435,370 * Esso Thailand PCL 9,987,700 2,956,406 Forth Corp. PCL 2,127,000 469,805 Forth Smart Service PCL 1,974,500 1,168,923 Fortune Parts Industry PCL 2,704,900 395,048 * G J Steel PCL 10,898,580 137,557 GFPT PCL 3,877,500 2,248,907 Global Power Synergy PCL Class F 1,693,200 1,958,986 * GMM Grammy PCL 90,260 29,023 Golden Land Property Development PCL 7,193,500 1,599,684 Grand Canal Land PCL 5,552,200 370,408 * Grande Asset Hotels & Property PCL 861,875 23,310 Group Lease PCL 132,500 80,830 Hana Microelectronics PCL 2,468,496 2,985,800 ICC International PCL 204,600 224,420 Ichitan Group PCL 3,229,200 747,219 * Inter Far East Energy Corp. Class F 4,679,700 326,967 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- THAILAND -- (Continued) Interlink Communication PCL 1,050,800 $ 435,774 * International Engineering PCL 39,494,487 4,510 Italian-Thai Development PCL 15,350,427 1,817,519 Jasmine International PCL 14,444,500 3,255,563 Jaymart PCL 2,334,395 1,038,242 JSP Property PCL 2,885,000 85,831 Jubilee Enterprise PCL 73,600 40,254 Kang Yong Electric PCL 49,800 793,172 Karmarts PCL 2,917,000 753,871 Kaset Thai International Sugar Corp. PCL 93,100 18,745 KGI Securities Thailand PCL 6,740,100 806,142 Khon Kaen Sugar Industry PCL 13,765,690 1,828,448 Khonburi Sugar PCL 178,500 37,013 Kiatnakin Bank PCL 189,700 380,523 Krungthai Card PCL 752,000 2,254,203 L.P.N Development PCL 136,400 47,548 Laguna Resorts & Hotels PCL 197,000 158,363 Lam Soon Thailand PCL 408,300 69,325 Lanna Resources PCL 1,833,750 655,767 LH Financial Group PCL 46,399,766 2,468,036 Loxley PCL 7,320,476 725,965 LPN Development PCL 4,061,899 1,415,955 Major Cineplex Group PCL 2,766,800 2,556,732 Malee Group PCL 694,400 693,847 Maybank Kim Eng Securities Thailand PCL 974,300 647,064 MBK PCL 5,705,900 2,572,040 MC Group PCL 2,117,000 1,100,600 * MCOT PCL 2,324,600 998,957 MCS Steel PCL 1,647,100 727,612 Mega Lifesciences PCL 2,104,200 1,770,547 * Millcon Steel PCL 10,717,800 563,646 MK Real Estate Development PCL 1,885,900 210,826 MK Restaurants Group PCL 289,400 530,507 Modernform Group PCL 2,352,200 339,295 Mono Technology PCL Class F 8,470,500 890,922 Muang Thai Insurance PCL 61,288 248,640 Muramoto Electron Thailand PCL 14,000 95,503 Namyong Terminal PCL 3,342,400 547,416 * Nation Multimedia Group PCL 13,009,700 242,394 * Noble Development PCL 654,100 263,397 PCS Machine Group Holding PCL 486,800 106,060 Plan B Media Pcl 318,500 53,599 Platinum Group PCL (The) Class F 3,545,000 740,395 * Polyplex Thailand PCL 2,578,150 976,205 * Precious Shipping PCL 5,722,600 1,599,332 Premier Marketing PCL 2,529,400 866,532 President Rice Products PCL 3,375 6,035 Property Perfect PCL 27,612,100 713,609 Pruksa Holding PCL 1,390,700 957,043 PTG Energy PCL 4,974,400 2,750,558 Quality Houses PCL 32,494,926 2,382,691 Raimon Land PCL 11,010,600 387,132 Ratchthani Leasing PCL 9,187,800 1,546,187 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ---------- THAILAND -- (Continued) * Regional Container Lines PCL 3,516,600 $ 882,413 * Rojana Industrial Park PCL 6,464,511 1,058,753 * RS PCL 2,885,400 1,196,596 S 11 Group PCL 843,500 219,262 Saha Pathana Inter-Holding PCL 680,300 853,531 Saha-Union PCL 743,600 921,777 Sahaviriya Steel Industries PCL 87,225,900 24,640 Samart Corp. PCL 3,038,600 1,305,786 * Samart I-Mobile PCL 14,993,100 446,056 Samart Telcoms PCL 1,946,100 771,972 Sansiri PCL 53,583,210 3,349,303 Sappe PCL 346,800 254,291 SC Asset Corp PCL 15,997,215 1,557,585 Scan Inter PCL Class F 3,016,200 451,390 Siam Future Development PCL 6,340,773 1,124,234 Siam Wellness Group PCL 1,168,200 473,929 Siamgas & Petrochemicals PCL 2,924,700 1,335,941 * Singha Estate PCL 18,219,100 2,200,976 Sino-Thai Engineering & Construction PCL 4,485,500 3,470,967 SNC Former PCL 141,800 60,936 Somboon Advance Technology PCL 1,459,237 710,400 SPCG PCL 2,651,200 1,609,371 Sri Ayudhya Capital PCL 233,100 210,148 Sri Trang Agro-Industry PCL 4,098,590 1,514,963 Sriracha Construction PCL 932,200 607,899 Srisawad Corp. PCL 987,844 1,565,933 Srithai Superware PCL 10,647,500 614,343 * Stars Microelectronics Thailand PCL 2,352,400 337,910 STP & I PCL 4,889,364 969,747 Sub Sri Thai PCL 459,030 128,978 Supalai PCL 5,445,533 3,894,751 * Superblock PCL 70,217,000 2,722,039 Susco PCL 1,295,200 136,228 SVI PCL 7,597,600 1,267,161 * Symphony Communication PCL 275,275 98,441 Synnex Thailand PCL 1,974,300 765,359 Syntec Construction PCL 4,454,200 666,594 Taokaenoi Food & Marketing PCL 3,213,980 1,941,340 Tapaco PCL 252,300 166,044 * Tata Steel Thailand PCL 25,111,000 656,516 Thai Agro Energy PCL Class F 378,870 33,018 * Thai Airways International PCL(6364971) 141,400 79,036 * Thai Airways International PCL(6888868) 5,871,900 3,282,116 Thai Central Chemical PCL 276,000 607,546 Thai Metal Trade PCL 1,119,500 470,993 Thai Nakarin Hospital PCL 228,700 243,981 Thai Rayon PCL 9,500 11,990 Thai Reinsurance PCL 9,173,400 476,913 Thai Solar Energy PCL Class F 2,299,200 342,705 Thai Stanley Electric PCL Class F 206,600 1,291,386 Thai Steel Cable PCL 3,400 1,093 Thai Vegetable Oil PCL 2,332,375 2,120,245 Thai Wacoal PCL 78,000 112,512 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- ------------ THAILAND -- (Continued) Thai Wah PCL Class F 2,086,100 $ 604,957 Thai-German Ceramic Industry PCL 3,827,900 266,877 Thaicom PCL 3,285,000 1,540,006 * Thaifoods Group PCL Class F 3,763,100 576,738 Thaire Life Assurance PCL Class F 1,341,200 324,453 Thanachart Capital PCL 2,160,200 3,099,772 Thitikorn PCL 662,100 230,804 Thoresen Thai Agencies PCL 6,056,254 1,546,982 TICON Industrial Connection PCL Class F 6,311,984 2,655,561 Tipco Asphalt PCL 3,341,400 2,269,338 TIPCO Foods PCL 1,385,582 666,215 Tisco Financial Group PCL 193,000 427,742 TPC Power Holdings Co., Ltd. 43,700 23,113 TPI Polene PCL 63,832,600 4,335,242 TRC Construction PCL 22,425,885 795,232 TTCL PCL(BWY4Y10) 295,800 159,116 TTCL PCL(B5ML0D8) 1,350,871 726,657 TTW PCL 11,977,000 3,923,168 * U City PCL 47,365,600 42,702 Unique Engineering & Construction PCL 3,254,270 1,760,307 * United Power of Asia PCL 500,000 7,363 Univanich Palm Oil PCL 1,053,200 221,550 Univentures PCL 6,092,800 1,428,150 Vanachai Group PCL 5,227,959 1,869,569 VGI Global Media PCL 16,359,000 2,556,363 Vibhavadi Medical Center PCL 41,437,700 3,337,281 Vinythai PCL 3,215,634 2,019,646 WHA Corp. PCL 43,541,900 3,977,803 Workpoint Entertainment PCL 1,187,340 2,238,985 ------------ TOTAL THAILAND 221,655,063 ------------ TURKEY -- (1.7%) # Adana Cimento Sanayii TAS Class A 566,452 1,086,464 #* Afyon Cimento Sanayi TAS 1,004,041 2,603,017 Akcansa Cimento A.S. 444,909 1,552,760 #* Akenerji Elektrik Uretim A.S. 3,042,841 1,012,212 Aksa Akrilik Kimya Sanayii A.S. 775,850 3,072,500 #* Aksa Enerji Uretim A.S. 1,268,831 1,493,573 * Aksigorta A.S. 832,551 752,705 # Alarko Holding A.S. 1,233,597 2,008,923 # Albaraka Turk Katilim Bankasi A.S. 3,675,518 1,504,957 Alkim Alkali Kimya A.S. 91,146 679,890 Anadolu Anonim Turk Sigorta Sirketi 2,035,741 1,648,481 # Anadolu Cam Sanayii A.S. 2,600,809 1,774,961 # Anadolu Hayat Emeklilik A.S. 902,314 1,705,129 # AvivaSA Emeklilik ve Hayat A.S. Class A 29,571 167,626 Aygaz A.S. 557,104 2,552,836 #* Bagfas Bandirma Gubre Fabrikalari A.S. 420,058 1,528,068 #* Baticim Bati Anadolu Cimento Sanayii A.S. 409,123 957,017 * Bera Holding A.S. 334,712 240,619 #* Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. 1,361,900 1,781,090 #* Bizim Toptan Satis Magazalari A.S. 239,974 931,248 # Bolu Cimento Sanayii A.S. 487,559 802,231 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- ---------- TURKEY -- (Continued) Borusan Mannesmann Boru Sanayi ve Ticaret A.S. 455,775 $1,159,449 * Boyner Perakende Ve Tekstil Yatirimlari A.S. 86,027 232,743 #* Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S. 474,006 983,669 # Bursa Cimento Fabrikasi A.S. 267,764 447,510 # Celebi Hava Servisi A.S. 60,471 481,272 Cimsa Cimento Sanayi VE Ticaret A.S. 534,817 2,288,902 #* Deva Holding A.S. 356,487 481,364 #* Dogan Sirketler Grubu Holding A.S. 9,685,105 2,286,971 #* Dogus Otomotiv Servis ve Ticaret A.S. 484,393 1,321,914 # Eczacibasi Yatirim Holding Ortakligi A.S. 269,375 790,197 # EGE Endustri VE Ticaret A.S. 13,202 1,000,307 # EGE Seramik Sanayi ve Ticaret A.S. 274,358 376,558 # EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. 1,804,201 2,462,623 Erbosan Erciyas Boru Sanayii ve Ticaret A.S. 11,174 230,568 #* Fenerbahce Futbol A.S. 84,211 906,380 #* Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. 196,899 394,618 # Global Yatirim Holding A.S. 2,085,182 1,796,289 #* Goltas Goller Bolgesi Cimento Sanayi ve Ticaret A.S. 47,262 1,077,817 # Goodyear Lastikleri TAS 960,540 1,264,409 #* Gozde Girisim Sermayesi Yatirim Ortakligi A.S. 641,876 613,171 #* GSD Holding AS 3,686,131 776,113 #* Gubre Fabrikalari TAS 1,493,480 2,279,357 Hektas Ticaret TAS 105,221 167,111 #* Ihlas Holding A.S. 8,173,996 1,419,509 Indeks Bilgisayar Sistemleri Muhendislik Sanayi ve Ticaret A.S. 319,757 1,006,982 #* Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim A.S. 678,189 817,152 * Is Finansal Kiralama A.S. 1,096,350 389,665 Is Yatirim Menkul Degerler A.S. Class A 220,148 108,949 #* Izmir Demir Celik Sanayi A.S. 1,326,884 1,464,037 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A 1,813,246 1,150,159 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class B 909,737 615,765 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D 7,346,390 4,220,335 #* Karsan Otomotiv Sanayii Ve Ticaret A.S. 4,108,655 1,518,835 # Kartonsan Karton Sanayi ve Ticaret A.S. 11,353 977,960 # Konya Cimento Sanayii A.S. 14,237 1,140,383 Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S. 329,217 799,554 #* Koza Altin Isletmeleri A.S. 226,641 2,081,192 #* Koza Anadolu Metal Madencilik Isletmeleri A.S. 831,604 1,158,085 * Logo Yazilim Sanayi Ve Ticaret A.S. 35,523 554,611 # Mardin Cimento Sanayii ve Ticaret A.S. 379,497 515,785 #* Metro Ticari ve Mali Yatirimlar Holding A.S. 2,192,298 816,500 * Migros Ticaret A.S. 320,825 2,714,051 #* NET Holding A.S. 1,819,449 1,597,430 * Net Turizm Ticaret ve Sanayi SA 235,485 146,582 #* Netas Telekomunikasyon A.S. 535,535 2,139,305 Nuh Cimento Sanayi A.S. 385,168 1,160,469 # Otokar Otomotiv Ve Savunma Sanayi A.S. 80,887 2,915,057 #* Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S. 494,933 533,242 #* Parsan Makina Parcalari Sanayii A.S. 126,184 387,720 * Pegasus Hava Tasimaciligi A.S. 215,199 1,474,819 Pinar Entegre Et ve Un Sanayi A.S. 152,148 431,083 Pinar SUT Mamulleri Sanayii A.S. 143,024 610,154 Polisan Holding A.S. 76,276 167,251 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ --------- -------------- TURKEY -- (Continued) Polyester Sanayi A.S. 194,574 $ 449,745 # Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. 1,151,722 969,223 #* Sekerbank TAS 3,100,963 1,225,173 Selcuk Ecza Deposu Ticaret ve Sanayi A.S. 1,287,294 1,422,957 Soda Sanayii A.S. 2,928,748 4,744,118 # Tat Gida Sanayi A.S. 747,482 1,542,696 TAV Havalimanlari Holding A.S. 40,472 245,280 Tekfen Holding A.S. 1,578,912 4,908,951 #* Teknosa Ic Ve Dis Ticaret A.S. 238,336 418,173 Trakya Cam Sanayii A.S. 4,358,170 4,609,845 #* Tumosan Motor ve Traktor Sanayi A.S. 114,411 253,625 #* Turcas Petrol A.S. 1,214,852 760,019 Turk Traktor ve Ziraat Makineleri A.S. 85,481 1,983,769 Turkiye Sinai Kalkinma Bankasi A.S. 9,909,435 4,311,600 #* Vestel Elektronik Sanayi ve Ticaret A.S. 834,662 1,708,227 * Yatas Yatak ve Yorgan Sanayi ve Ticaret A.S. 138,892 509,769 #* Zorlu Enerji Elektrik Uretim A.S. 7,974,005 3,333,689 -------------- TOTAL TURKEY 122,105,099 -------------- TOTAL COMMON STOCKS 6,684,008,231 -------------- PREFERRED STOCKS -- (1.4%) BRAZIL -- (1.3%) AES Tiete Energia SA 7,992 7,150 Alpargatas SA 1,473,274 7,034,826 Banco ABC Brasil SA 776,719 4,077,442 Banco do Estado do Rio Grande do Sul SA Class B 2,156,445 10,117,142 * Banco Pan SA 1,990,540 1,200,063 * Banco Pine SA 282,703 278,320 * Centrais Eletricas Santa Catarina 79,600 513,590 Cia de Gas de Sao Paulo - COMGAS Class A 230,511 3,489,063 Cia de Saneamento do Parana 918,901 3,123,559 Cia de Transmissao de Energia Eletrica Paulista 390,640 8,768,996 Cia Energetica de Minas Gerais 5,599,929 15,300,205 Cia Energetica de Sao Paulo Class B 1,692,700 8,467,978 Cia Energetica do Ceara Class A 112,339 1,734,611 Cia Ferro Ligas da Bahia - FERBASA 445,049 1,741,177 Cia Paranaense de Energia 857,600 7,125,697 Eletropaulo Metropolitana Eletricidade de Sao Paulo SA 897,199 4,111,461 Eucatex SA Industria e Comercio 160,378 144,519 * Gol Linhas Aereas Inteligentes SA 302,148 867,197 Grazziotin SA 2,100 16,378 Marcopolo SA 4,890,253 5,112,391 Randon SA Implementos e Participacoes 1,954,557 3,340,802 Suzano Papel e Celulose SA Class A 389,391 1,750,689 Unipar Carbocloro SA Class B 276,095 806,588 * Usinas Siderurgicas de Minas Gerais SA Class A 4,124,699 6,838,454 -------------- TOTAL BRAZIL 95,968,298 -------------- CHILE -- (0.1%) Coca-Cola Embonor SA Class B 360,527 884,964 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ -------------- ------------ CHILE -- (Continued) Embotelladora Andina SA Class B 825,697 $ 3,761,312 ------------ TOTAL CHILE 4,646,276 ------------ COLOMBIA -- (0.0%) Avianca Holdings SA 2,637,267 2,331,571 Banco Davivienda SA 8,209 93,192 ------------ TOTAL COLOMBIA 2,424,763 ------------ INDIA -- (0.0%) UPL, Ltd., 5.000% 620,778 128,314 ------------ TOTAL PREFERRED STOCKS 103,167,651 ------------ RIGHTS/WARRANTS -- (0.0%) BRAZIL -- (0.0%) * Banco ABC Brasil SA Rights 08/03/17 28,441 27,325 * Brasil Brokers Participacoes SA Rights 07/31/17 672,607 2,157 * Iochpe Maxion SA Warrants 06/03/19 30,274 66,016 ------------ TOTAL BRAZIL 95,498 ------------ CHILE -- (0.0%) * Grupo Security SA Rights 08/24/17 412,639 16,193 ------------ INDIA -- (0.0%) * Intellect Design Arena, Ltd. Rights 08/09/17 61,464 23,138 ------------ INDONESIA -- (0.0%) * Bumi Resources Tbk PT Rights 07/21/17 20,073,356,101 -- ------------ MALAYSIA -- (0.0%) * Borneo Oil Bhd Warrants 05/29/27 555,999 5,844 Daibochi Plastic & Packaging Industry Bhd * Warrants 06/19/22 11,088 1,347 ------------ TOTAL MALAYSIA 7,191 ------------ POLAND -- (0.0%) * Hawe SA Rights 09/30/15 846,548 -- ------------ SOUTH KOREA -- (0.0%) * Iljin Materials Co., Ltd. Rights 08/30/17 16,994 119,970 * Sejong Telecom, Inc. Rights 08/03/17 1,228,781 126,277 Ssangyong Cement Industrial Co., Ltd. Rights * 08/21/17 2,909 2,729 ------------ TOTAL SOUTH KOREA 248,976 ------------ TAIWAN -- (0.0%) * Long Chen Paper Co., Ltd. Rights 08/14/17 73,287 10,922 ------------ THAILAND -- (0.0%) * Jay Mart PCL Warrants 06/05/19 236,402 26,144 * MILL W4 Warrants 07/11/22 968,960 -- * RS PCL Warrants 05/23/20 673,000 123,369 THE EMERGING MARKETS SMALL CAP SERIES CONTINUED SHARES VALUE++ ---------- -------------- THAILAND -- (Continued) * Vibhavadi Medical Center PCL Warrants 06/14/22 3,251,085 $ -- -------------- TOTAL THAILAND 149,513 -------------- TURKEY -- (0.0%) * Boyner Perakende Ve Tekstil Yatirimlari A.S. Rights 09/11/17 92,388 785,439 -------------- TOTAL RIGHTS/WARRANTS 1,336,870 -------------- TOTAL INVESTMENT SECURITIES 6,788,512,752 -------------- VALUE+ -------------- SECURITIES LENDING COLLATERAL -- (7.5%) (S)@ DFA Short Term Investment Fund 47,794,099 553,073,309 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $6,397,942,159)^^ $7,341,586,061 ============== THE EMERGING MARKETS SMALL CAP SERIES CONTINUED Summary of the Series' investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ---------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- -------------- ------- -------------- Common Stocks Argentina.............. $ 1 -- -- $ 1 Brazil................. 519,351,198 -- -- 519,351,198 Chile.................. 113,620,210 -- -- 113,620,210 China.................. 83,941,541 $1,082,169,300 -- 1,166,110,841 Colombia............... 13,129,624 -- -- 13,129,624 Greece................. -- 25,688,518 -- 25,688,518 Hong Kong.............. -- 2,556,103 -- 2,556,103 Hungary................ -- 7,815,260 -- 7,815,260 India.................. 362,816 995,322,598 -- 995,685,414 Indonesia.............. 1,355,852 203,307,046 -- 204,662,898 Malaysia............... 6,084,322 257,187,952 -- 263,272,274 Mexico................. 182,489,049 -- -- 182,489,049 Philippines............ -- 97,522,900 -- 97,522,900 Poland................. -- 113,860,903 -- 113,860,903 South Africa........... 5,632,266 447,124,824 -- 452,757,090 South Korea............ 6,320,589 1,010,492,760 -- 1,016,813,349 Taiwan................. 97,161 1,164,815,276 -- 1,164,912,437 Thailand............... 220,668,538 986,525 -- 221,655,063 Turkey................. 240,619 121,864,480 -- 122,105,099 Preferred Stocks Brazil................. 95,968,298 -- -- 95,968,298 Chile.................. 4,646,276 -- -- 4,646,276 Colombia............... 2,424,763 -- -- 2,424,763 India.................. 128,314 -- -- 128,314 Rights/Warrants Brazil................. -- 95,498 -- 95,498 Chile.................. -- 16,193 -- 16,193 India.................. -- 23,138 -- 23,138 Malaysia............... -- 7,191 -- 7,191 South Korea............ -- 248,976 -- 248,976 Taiwan................. -- 10,922 -- 10,922 Thailand............... -- 149,513 -- 149,513 Turkey................. -- 785,439 -- 785,439 Securities Lending Collateral.............. -- 553,073,309 -- 553,073,309 Futures Contracts**....... 2,016,835 -- -- 2,016,835 -------------- -------------- -- -------------- TOTAL..................... $1,258,478,272 $6,085,124,624 -- $7,343,602,896 ============== ============== == ============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE+ --------- ------------ COMMON STOCKS -- (97.5%) Consumer Discretionary -- (15.9%) * 1-800-Flowers.com, Inc. Class A 44,330 $ 427,784 # Aaron's, Inc. 58,430 2,704,140 # Adient P.L.C. 22,979 1,504,435 # Adtalem Global Education, Inc. 35,557 1,155,602 * Ascent Capital Group, Inc. Class A 8,450 142,805 # Autoliv, Inc. 9,404 1,019,300 #* AV Homes, Inc. 3,852 61,825 #* Ballantyne Strong, Inc. 9,030 61,404 * Barnes & Noble Education, Inc. 7,710 55,743 Barnes & Noble, Inc. 55,600 453,140 Bassett Furniture Industries, Inc. 2,900 107,880 # Beasley Broadcast Group, Inc. Class A 9,471 99,446 * Beazer Homes USA, Inc. 4,326 57,363 * Belmond, Ltd. Class A 75,198 981,334 # Best Buy Co., Inc. 197,800 11,539,652 # Big 5 Sporting Goods Corp. 16,901 181,686 * Biglari Holdings, Inc. 8 2,995 * BJ's Restaurants, Inc. 16,658 588,027 # Bob Evans Farms, Inc. 32,778 2,267,582 #* Build-A-Bear Workshop, Inc. 25,874 248,390 * Cabela's, Inc. 53,051 3,022,846 Caleres, Inc. 74,697 2,037,734 Callaway Golf Co. 38,543 490,652 * Cambium Learning Group, Inc. 37,733 185,646 Canterbury Park Holding Corp. 2,755 31,958 Carnival Corp. 489,649 32,698,760 # Carriage Services, Inc. 20,916 510,141 * Cavco Industries, Inc. 7,600 991,040 # CBS Corp. Class A 20,437 1,350,681 * Charter Communications, Inc. Class A 339,394 133,011,903 #* Christopher & Banks Corp. 44,704 63,033 # Churchill Downs, Inc. 7,682 1,436,918 Citi Trends, Inc. 3,415 75,642 # Columbia Sportswear Co. 8,634 523,048 Comcast Corp. Class A 7,221,594 292,113,477 #* Conn's, Inc. 25,450 544,630 # Core-Mark Holding Co., Inc. 96,236 3,528,974 CSS Industries, Inc. 10,465 280,148 Culp, Inc. 10,036 301,080 * Delta Apparel, Inc. 7,532 158,398 * Destination Maternity Corp. 200 306 # Dillard's, Inc. Class A 120,300 8,880,546 * Discovery Communications, Inc. Class B 3,762 101,856 * Discovery Communications, Inc. Class C 3,762 87,015 * Dixie Group, Inc. (The) 11,800 50,150 * Dorman Products, Inc. 9,311 727,003 Dover Motorsports, Inc. 15,098 30,951 DR Horton, Inc. 208,125 7,427,981 # Educational Development Corp. 1,679 17,126 #* Eldorado Resorts, Inc. 18,512 377,645 # Escalade, Inc. 277 3,421 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ----------- Consumer Discretionary -- (Continued) #* EW Scripps Co. (The) Class A 81,265 $ 1,596,857 # Finish Line, Inc. (The) Class A 38,600 531,136 Flanigan's Enterprises, Inc. 865 23,182 Flexsteel Industries, Inc. 2,068 115,767 Ford Motor Co. 2,831,174 31,765,772 # Fred's, Inc. Class A 47,275 320,052 #* FTD Cos., Inc. 17,602 345,879 #* G-III Apparel Group, Ltd. 22,788 593,172 # GameStop Corp. Class A 104,752 2,272,071 Gaming Partners International Corp. 500 5,320 # Gannett Co., Inc. 59,819 536,576 General Motors Co. 1,095,598 39,419,616 #* Genesco, Inc. 11,856 380,578 Graham Holdings Co. Class B 5,780 3,424,072 #* Gray Television, Inc. 46,874 698,423 # Group 1 Automotive, Inc. 57,936 3,450,089 # Guess?, Inc. 59,800 780,988 Haverty Furniture Cos., Inc. 33,479 744,908 * Helen of Troy, Ltd. 61,653 6,211,540 Hooker Furniture Corp. 14,814 625,151 #* Hyatt Hotels Corp. Class A 14,601 811,378 * Iconix Brand Group, Inc. 41,336 275,711 International Speedway Corp. Class A 24,844 889,415 * J Alexander's Holdings, Inc. 2,666 28,126 #* JAKKS Pacific, Inc. 13,103 43,240 #* JC Penney Co., Inc. 85,215 461,013 Johnson Outdoors, Inc. Class A 15,588 787,506 # KB Home 30,800 705,936 # Kohl's Corp. 14,353 593,497 La-Z-Boy, Inc. 56,332 1,904,022 * Lakeland Industries, Inc. 9,887 148,799 #* Lands' End, Inc. 19,415 262,103 Lennar Corp. Class A 224,100 11,751,804 Lennar Corp. Class B 7,868 349,890 * Liberty Broadband Corp. Class A 24,095 2,383,477 * Liberty Broadband Corp. Class B 1,905 190,500 #* Liberty Broadband Corp. Class C 67,601 6,704,667 * Liberty Expedia Holdings, Inc. Class A 80,904 4,615,573 #* Liberty Expedia Holdings, Inc. Class B 3,457 199,348 #* Liberty Interactive Corp., QVC Group Class A 815,470 19,522,352 #* Liberty Interactive Corp., QVC Group Class B 35,706 885,687 #* Liberty Media Corp.-Liberty Braves Class A 9,638 243,263 #* Liberty Media Corp.-Liberty Braves Class B 762 21,062 #* Liberty Media Corp.-Liberty Braves Class C 20,801 524,809 #* Liberty Media Corp.-Liberty Formula One Class A 17,043 575,201 * Liberty Media Corp.-Liberty Formula One Class C 44,409 1,561,865 * Liberty Media Corp.-Liberty SiriusXM Class A 96,383 4,446,148 * Liberty Media Corp.-Liberty SiriusXM Class B 7,622 357,739 * Liberty Media Corp.-Liberty SiriusXM Class C 208,010 9,568,460 * Liberty TripAdvisor Holdings, Inc. Class A 76,802 902,423 * Liberty TripAdvisor Holdings, Inc. Class B 3,570 46,767 * Liberty Ventures Series A 121,356 7,351,746 #* Liberty Ventures Series B 5,186 331,411 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ----------- Consumer Discretionary -- (Continued) Lifetime Brands, Inc. 16,431 $ 311,367 # Lions Gate Entertainment Corp. Class A 4,691 137,915 #* Lions Gate Entertainment Corp. Class B 1 28 # Lithia Motors, Inc. Class A 34,933 3,606,832 * Luby's, Inc. 32,226 92,489 #* M/I Homes, Inc. 37,930 983,904 #* Madison Square Garden Co. (The) Class A 9,852 2,164,681 Marcus Corp. (The) 18,899 514,053 #* MarineMax, Inc. 29,164 436,002 # Marriott Vacations Worldwide Corp. 2,531 295,747 (degrees) Media General, Inc. 25,196 50,896 # Meredith Corp. 32,676 1,942,588 #* Meritage Homes Corp. 28,156 1,147,357 # MGM Resorts International 227,871 7,503,792 * Modine Manufacturing Co. 14,650 238,063 * Mohawk Industries, Inc. 98,740 24,585,273 * Monarch Casino & Resort, Inc. 1,103 36,498 #* Motorcar Parts of America, Inc. 13,074 365,680 # Movado Group, Inc. 21,998 541,151 #* MSG Networks, Inc. Class A 29,558 632,541 #* Murphy USA, Inc. 30,778 2,330,818 # NACCO Industries, Inc. Class A 6,832 448,179 Newell Brands, Inc. 209,562 11,048,109 News Corp. Class A 402,247 5,756,155 News Corp. Class B 99,903 1,468,574 # Nexstar Media Group, Inc. Class A 3,146 205,748 # Office Depot, Inc. 181,609 1,066,045 #* Overstock.com, Inc. 20,830 333,280 # Penske Automotive Group, Inc. 43,845 1,909,011 * Perry Ellis International, Inc. 15,092 296,407 PulteGroup, Inc. 143,221 3,497,457 PVH Corp. 31,964 3,812,986 # RCI Hospitality Holdings, Inc. 12,026 272,870 #* Red Robin Gourmet Burgers, Inc. 31,175 1,864,265 * Regis Corp. 44,912 472,923 # Rent-A-Center, Inc. 58,311 770,871 Rocky Brands, Inc. 8,729 121,770 Royal Caribbean Cruises, Ltd. 322,500 36,465,075 #* Ruby Tuesday, Inc. 17,500 35,350 Saga Communications, Inc. Class A 8,693 337,723 Salem Media Group, Inc. 10,922 78,092 Scholastic Corp. 30,900 1,280,187 #* Sequential Brands Group, Inc. 70 225 * Shiloh Industries, Inc. 15,461 114,721 # Shoe Carnival, Inc. 32,650 596,189 # Sonic Automotive, Inc. Class A 17,000 308,550 Speedway Motorsports, Inc. 14,935 317,518 Standard Motor Products, Inc. 37,342 1,881,290 Staples, Inc. 426,509 4,329,066 * Stoneridge, Inc. 19,361 295,449 Strattec Security Corp. 5,224 185,452 Superior Industries International, Inc. 23,275 455,026 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- -------------- Consumer Discretionary -- (Continued) Superior Uniform Group, Inc. 17,956 $ 400,957 * Tandy Leather Factory, Inc. 9,974 88,270 # TEGNA, Inc. 119,639 1,774,246 Time Warner, Inc. 1,534,860 157,200,361 Time, Inc. 191,857 2,695,591 Toll Brothers, Inc. 179,799 6,938,443 #* Tuesday Morning Corp. 60,500 111,925 # Twenty-First Century Fox, Inc. Class A 1,287,383 37,462,845 Twenty-First Century Fox, Inc. Class B 550,972 15,807,387 * UCP, Inc. Class A 7,837 87,383 * Unifi, Inc. 41,401 1,356,297 #* Universal Electronics, Inc. 3,206 219,451 #* Vista Outdoor, Inc. 69,826 1,612,282 * VOXX International Corp. 3,750 25,125 Walt Disney Co. (The) 26,220 2,882,365 West Marine, Inc. 24,859 320,433 # Whirlpool Corp. 30,049 5,345,116 * William Lyon Homes Class A 23,600 533,596 -------------- Total Consumer Discretionary 1,050,811,640 -------------- Consumer Staples -- (8.1%) # Alico, Inc. 960 28,992 #* Alliance One International, Inc. 3,508 53,322 Andersons, Inc. (The) 23,660 815,087 Archer-Daniels-Midland Co. 813,476 34,312,418 # British American Tobacco P.L.C. Sponsored ADR 99,034 6,191,587 # Bunge, Ltd. 121,368 9,514,038 #* CCA Industries, Inc. 8,323 29,547 * Central Garden & Pet Co. 25,184 805,888 * Central Garden & Pet Co. Class A 48,121 1,480,202 Constellation Brands, Inc. Class B 12,615 2,473,549 #* Craft Brew Alliance, Inc. 9,754 170,695 CVS Health Corp. 1,510,745 120,753,848 # Fresh Del Monte Produce, Inc. 39,437 2,029,822 #* Hain Celestial Group, Inc. (The) 87,292 3,902,825 Ingles Markets, Inc. Class A 11,437 337,391 Ingredion, Inc. 62,117 7,660,268 JM Smucker Co. (The) 108,204 13,190,068 # John B. Sanfilippo & Son, Inc. 10,428 670,729 Kraft Heinz Co. (The) 176,768 15,460,129 * Landec Corp. 37,056 455,789 Mannatech, Inc. 717 11,651 # Molson Coors Brewing Co. Class A 1,908 176,576 Molson Coors Brewing Co. Class B 186,550 16,599,219 Mondelez International, Inc. Class A 2,081,099 91,609,978 Nutraceutical International Corp. 14,615 610,907 Oil-Dri Corp. of America 5,047 208,744 # Omega Protein Corp. 25,852 413,632 #* Post Holdings, Inc. 50,201 4,176,723 # Sanderson Farms, Inc. 16,100 2,105,075 Seaboard Corp. 1,812 7,746,300 * Seneca Foods Corp. Class A 6,301 180,839 * Seneca Foods Corp. Class B 300 9,270 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Consumer Staples -- (Continued) # Snyder's-Lance, Inc. 32,153 $ 1,118,603 SpartanNash Co. 34,281 950,955 #* TreeHouse Foods, Inc. 24,190 2,052,038 Tyson Foods, Inc. Class A 405,030 25,662,701 # Universal Corp. 22,290 1,425,445 Wal-Mart Stores, Inc. 1,266,497 101,307,095 Walgreens Boots Alliance, Inc. 725,538 58,529,150 # Weis Markets, Inc. 11,602 548,891 ------------ Total Consumer Staples 535,779,986 ------------ Energy -- (11.4%) Adams Resources & Energy, Inc. 6,004 228,092 Anadarko Petroleum Corp. 258,932 11,825,424 Andeavor 185,538 18,466,597 # Apache Corp. 15,708 777,232 Archrock, Inc. 69,200 757,740 Baker Hughes a GE Co. 127,976 4,721,035 * Barnwell Industries, Inc. 7,870 14,717 # Bristow Group, Inc. 32,315 238,162 #* Callon Petroleum Co. 13,214 149,582 Chevron Corp. 1,102,451 120,376,625 * Cloud Peak Energy, Inc. 33,115 114,578 ConocoPhillips 1,489,306 67,569,813 * Dawson Geophysical Co. 29,011 116,334 # Delek US Holdings, Inc. 69,131 1,805,010 EOG Resources, Inc. 8,874 844,272 #* Era Group, Inc. 24,458 214,252 * Exterran Corp. 34,600 958,074 Exxon Mobil Corp. 2,897,173 231,889,727 Green Plains, Inc. 26,534 524,047 Gulf Island Fabrication, Inc. 15,018 171,205 * Helix Energy Solutions Group, Inc. 103,010 673,685 # Helmerich & Payne, Inc. 95,808 4,849,801 # Hess Corp. 165,152 7,355,870 # HollyFrontier Corp. 32,210 928,936 #* Hornbeck Offshore Services, Inc. 6,900 17,388 * International Seaways, Inc. 12 274 Kinder Morgan, Inc. 894,983 18,284,503 # Marathon Oil Corp. 467,019 5,711,642 Marathon Petroleum Corp. 903,936 50,611,377 * Matrix Service Co. 15,423 159,628 # Murphy Oil Corp. 108,993 2,897,034 # Nabors Industries, Ltd. 181,974 1,403,020 # National Oilwell Varco, Inc. 213,118 6,971,090 * Natural Gas Services Group, Inc. 15,026 374,899 #* Newpark Resources, Inc. 85,815 716,555 Noble Energy, Inc. 133,794 3,867,985 Occidental Petroleum Corp. 210,493 13,035,831 #* Parker Drilling Co. 103,773 124,528 Patterson-UTI Energy, Inc. 152,325 2,945,966 #* PDC Energy, Inc. 24,103 1,136,697 * PHI, Inc. Non-Voting 13,870 134,539 * PHI, Inc. Voting 1,099 10,386 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Energy -- (Continued) Phillips 66 775,455 $ 64,944,356 * Pioneer Energy Services Corp. 74,262 163,376 Pioneer Natural Resources Co. 88,400 14,418,040 * QEP Resources, Inc. 33,043 283,179 #* Renewable Energy Group, Inc. 2,882 36,025 #* REX American Resources Corp. 4,050 404,919 #* Rowan Cos. P.L.C. Class A 118,378 1,381,471 Schlumberger, Ltd. 603,242 41,382,401 #* SEACOR Holdings, Inc. 16,104 548,985 #* SEACOR Marine Holdings, Inc. 20,581 300,071 # SemGroup Corp. Class A 4,727 127,865 # Ship Finance International, Ltd. 12,481 169,742 #* Superior Energy Services, Inc. 75,686 814,381 #* Tesco Corp. 3,745 17,227 #* Unit Corp. 52,140 937,477 Valero Energy Corp. 605,899 41,788,854 #* Whiting Petroleum Corp. 16,007 84,037 Williams Cos., Inc. (The) 178,361 5,668,313 ------------ Total Energy 757,444,871 ------------ Financials -- (22.6%) # 1st Source Corp. 45,305 2,224,476 Aflac, Inc. 168,611 13,446,727 * Alleghany Corp. 3,115 1,910,554 Allstate Corp. (The) 211,174 19,216,834 # American Equity Investment Life Holding Co. 88,700 2,375,386 American Financial Group, Inc. 173,596 17,602,634 American International Group, Inc. 838,781 54,898,217 American National Insurance Co. 23,302 2,772,938 AmeriServ Financial, Inc. 33,075 130,646 * Arch Capital Group, Ltd. 3,094 300,922 Argo Group International Holdings, Ltd. 51,636 3,095,578 Aspen Insurance Holdings, Ltd. 102,623 5,008,002 Associated Banc-Corp 31,434 752,844 Assurant, Inc. 65,820 6,928,871 Assured Guaranty, Ltd. 122,989 5,535,735 * Asta Funding, Inc. 885 6,483 Astoria Financial Corp. 19,344 390,362 * Atlanticus Holdings Corp. 14,067 34,746 Axis Capital Holdings, Ltd. 8,510 549,576 # Baldwin & Lyons, Inc. Class A 300 6,990 Baldwin & Lyons, Inc. Class B 6,556 153,410 #* Bancorp, Inc. (The) 459 3,557 Bank Mutual Corp. 14,475 144,026 Bank of America Corp. 5,929,137 143,010,784 Bank of New York Mellon Corp. (The) 724,844 38,438,477 BankFinancial Corp. 19,548 292,829 Bar Harbor Bankshares 2,733 76,223 # BB&T Corp. 214,106 10,131,496 BCB Bancorp, Inc. 1,059 15,885 Berkshire Hills Bancorp, Inc. 30,747 1,142,251 Capital City Bank Group, Inc. 14,283 305,085 Capital One Financial Corp. 372,872 32,134,109 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) Cathay General Bancorp 17,730 $ 663,989 # Century Bancorp, Inc. Class A 495 33,017 Chubb, Ltd. 157,858 23,119,883 Cincinnati Financial Corp. 12,284 935,549 CIT Group, Inc. 45,907 2,187,469 Citigroup, Inc. 1,870,326 128,023,815 Citizens Community Bancorp, Inc. 10,355 144,452 CME Group, Inc. 352,894 43,271,862 # CNA Financial Corp. 200,051 10,392,649 CNO Financial Group, Inc. 301,264 6,892,920 Codorus Valley Bancorp, Inc. 144 4,026 Comerica, Inc. 16,431 1,188,126 Community West Bancshares 400 4,140 * Consumer Portfolio Services, Inc. 26,500 108,915 #* Cowen, Inc. 3,989 63,824 Donegal Group, Inc. Class A 12,386 186,781 * E*TRADE Financial Corp. 89,699 3,677,659 EMC Insurance Group, Inc. 23,450 649,565 Enterprise Financial Services Corp. 436 17,244 ESSA Bancorp, Inc. 8,217 121,201 Evans Bancorp, Inc. 1,681 68,501 Everest Re Group, Ltd. 34,913 9,160,822 Fairfax Financial Holdings, Ltd. 3,313 1,577,819 Farmers Capital Bank Corp. 302 11,340 FBL Financial Group, Inc. Class A 24,660 1,674,414 Federal Agricultural Mortgage Corp. Class A 177 11,859 Federal Agricultural Mortgage Corp. Class C 9,200 630,752 Federated National Holding Co. 13,665 217,547 # Fidelity Southern Corp. 7,213 151,906 Fifth Third Bancorp 127,045 3,392,102 * First Acceptance Corp. 27,347 24,612 # First American Financial Corp. 61,982 3,000,549 # First Bancorp 16,138 505,119 # First Business Financial Services, Inc. 964 20,495 # First Citizens BancShares, Inc. Class A 8,627 3,174,909 # First Commonwealth Financial Corp. 30,547 398,027 First Community Bancshares, Inc. 183 4,981 First Defiance Financial Corp. 10,880 563,040 First Financial Northwest, Inc. 25,371 416,338 First Interstate Bancsystem, Inc. Class A 2,348 85,819 First Merchants Corp. 41,623 1,683,234 First Midwest Bancorp, Inc. 7,168 159,201 First South Bancorp, Inc. 2,278 39,204 FNB Corp. 63,117 864,703 * FNFV Group 15,438 266,306 * Genworth Financial, Inc. Class A 34,964 119,927 * Global Indemnity, Ltd. 8,282 321,010 Goldman Sachs Group, Inc. (The) 209,155 47,128,896 Great Southern Bancorp, Inc. 1,616 83,951 Great Western Bancorp, Inc. 260 10,143 Guaranty Federal Bancshares, Inc. 1,684 36,206 * Hallmark Financial Services, Inc. 20,834 234,383 Hanover Insurance Group, Inc. (The) 88,829 8,426,319 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) Hartford Financial Services Group, Inc. (The) 311,489 $ 17,131,895 Heartland Financial USA, Inc. 465 21,902 Hilltop Holdings, Inc. 26,171 655,060 * HMN Financial, Inc. 3,456 62,208 Home Bancorp, Inc. 719 29,134 HopFed Bancorp, Inc. 6,781 98,867 Horace Mann Educators Corp. 58,206 2,147,801 Huntington Bancshares, Inc. 70,847 938,723 Iberiabank Corp. 697 56,352 Infinity Property & Casualty Corp. 15,800 1,580,790 International Bancshares Corp. 800 28,320 Investment Technology Group, Inc. 23,677 522,551 # Investors Title Co. 1,069 188,700 #* Janus Henderson Group P.L.C. 11,721 392,536 JPMorgan Chase & Co. 2,748,095 252,275,121 # Kemper Corp. 39,635 1,555,674 # Kentucky First Federal Bancorp 2,400 23,520 KeyCorp 526,210 9,492,828 # Lakeland Bancorp, Inc. 8,740 169,119 Landmark Bancorp, Inc. 2,277 67,513 # Legg Mason, Inc. 43,400 1,736,434 Lincoln National Corp. 134,595 9,833,511 Loews Corp. 243,798 11,868,087 M&T Bank Corp. 4,241 691,919 Macatawa Bank Corp. 291 2,808 Mackinac Financial Corp. 6,893 100,224 Maiden Holdings, Ltd. 5,792 64,291 MainSource Financial Group, Inc. 45,000 1,572,300 #* Markel Corp. 101 108,223 Marlin Business Services Corp. 14,241 370,266 MB Financial, Inc. 19,678 804,830 #* MBIA, Inc. 82,267 836,655 MBT Financial Corp. 9,396 90,202 Mercantile Bank Corp. 4,422 140,708 MetLife, Inc. 949,912 52,245,160 # MidWestOne Financial Group, Inc. 346 11,909 Morgan Stanley 1,102,617 51,712,737 MutualFirst Financial, Inc. 2,300 80,270 National Western Life Group, Inc. Class A 900 302,931 Navigators Group, Inc. (The) 7,370 420,090 # New York Community Bancorp, Inc. 52,185 685,189 # NewStar Financial, Inc. 41,166 450,356 Northrim BanCorp, Inc. 5,734 167,146 OFG Bancorp 30,191 303,420 Old Republic International Corp. 172,923 3,392,749 Oppenheimer Holdings, Inc. Class A 3,097 48,778 PacWest Bancorp 1,076 51,670 Park Sterling Corp. 992 11,527 # People's United Financial, Inc. 69,156 1,206,081 Peoples Bancorp of North Carolina, Inc. 250 7,905 Peoples Bancorp, Inc. 15,923 519,090 * PHH Corp. 51,783 713,570 # Piper Jaffray Cos. 312 19,469 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Financials -- (Continued) PNC Financial Services Group, Inc. (The) 217,040 $ 27,954,752 Popular, Inc. 56,536 2,382,427 Premier Financial Bancorp, Inc. 4,877 92,663 Principal Financial Group, Inc. 218,754 14,601,830 Provident Financial Holdings, Inc. 544 10,336 Provident Financial Services, Inc. 21,059 558,485 Prudential Financial, Inc. 497,625 56,346,079 Radian Group, Inc. 161,945 2,821,082 Regions Financial Corp. 1,302,555 19,017,303 Reinsurance Group of America, Inc. 153,566 21,529,953 RenaissanceRe Holdings, Ltd. 12,667 1,860,909 # Renasant Corp. 42,102 1,784,704 Riverview Bancorp, Inc. 1,682 12,766 Safety Insurance Group, Inc. 26,197 1,858,677 Sandy Spring Bancorp, Inc. 9,125 365,365 #* Select Bancorp, Inc. 600 7,104 # Selective Insurance Group, Inc. 45,200 2,289,380 SI Financial Group, Inc. 5,661 87,462 # Southern National Bancorp of Virginia, Inc. 193 3,266 Southwest Bancorp, Inc. 16,974 443,021 State Auto Financial Corp. 15,100 389,429 State Street Corp. 4,112 383,362 # Sterling Bancorp 70,552 1,629,751 Stewart Information Services Corp. 12,271 482,250 SunTrust Banks, Inc. 255,532 14,639,428 Synchrony Financial 544,549 16,510,726 # Synovus Financial Corp. 22,796 991,170 Timberland Bancorp, Inc. 2,500 67,400 Tiptree, Inc. 37,071 253,936 Torchmark Corp. 7,000 552,790 Travelers Cos., Inc. (The) 160,554 20,565,362 Trico Bancshares 854 31,513 Trustmark Corp. 4,194 134,040 Umpqua Holdings Corp. 34,932 647,639 #* Unico American Corp. 1,900 17,670 Union Bankshares Corp. 37,042 1,144,227 # United Bankshares, Inc. 12,121 418,175 United Financial Bancorp, Inc. 9,193 166,301 United Fire Group, Inc. 24,429 1,102,237 # United Security Bancshares 440 4,136 # Unity Bancorp, Inc. 3,999 73,982 Univest Corp. of Pennsylvania 156 4,758 Unum Group 517,445 25,939,518 Validus Holdings, Ltd. 8,958 481,851 # Valley National Bancorp 768 9,124 Voya Financial, Inc. 14,373 563,997 Washington Federal, Inc. 97,887 3,274,320 Waterstone Financial, Inc. 1,426 26,880 Wells Fargo & Co. 2,565,849 138,401,895 WesBanco, Inc. 31,678 1,211,050 Western New England Bancorp, Inc. 11,698 116,395 Wintrust Financial Corp. 24,224 1,824,309 # WR Berkley Corp. 5,305 365,886 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- -------------- Financials -- (Continued) XL Group, Ltd. 240,766 $ 10,690,010 # Zions Bancorporation 53,325 2,416,689 -------------- Total Financials 1,496,757,062 -------------- Health Care -- (11.7%) Abbott Laboratories 915,297 45,014,306 # Aceto Corp. 31,686 534,860 * Addus HomeCare Corp. 2,044 69,394 Aetna, Inc. 558,462 86,176,271 #* Albany Molecular Research, Inc. 24,874 540,761 * Alere, Inc. 45,800 2,307,862 Allergan P.L.C. 123,871 31,256,369 Analogic Corp. 2,988 209,758 * AngioDynamics, Inc. 14,354 233,253 #* Anika Therapeutics, Inc. 14,671 750,568 Anthem, Inc. 504,640 93,969,014 #* Aptevo Therapeutics, Inc. 4,339 7,984 Baxter International, Inc. 27,380 1,655,942 * Centene Corp. 17,600 1,397,792 Cigna Corp. 136,754 23,735,024 # CONMED Corp. 43,239 2,219,025 Cooper Cos., Inc. (The) 13,956 3,403,450 * Cross Country Healthcare, Inc. 7,595 89,317 * CryoLife, Inc. 17,502 328,163 #* Cumberland Pharmaceuticals, Inc. 23,319 156,704 * Cutera, Inc. 1,289 33,578 Danaher Corp. 405,225 33,021,785 Digirad Corp. 26,711 109,515 #* Emergent BioSolutions, Inc. 8,678 315,619 #* Envision Healthcare Corp. 30,743 1,734,828 * Enzo Biochem, Inc. 41,397 449,157 * Exactech, Inc. 3,390 98,819 * Express Scripts Holding Co. 493,239 30,896,491 Humana, Inc. 236,814 54,751,397 #* Impax Laboratories, Inc. 4,700 90,945 #* Integer Holdings Corp. 41,672 1,908,578 # Invacare Corp. 7,330 114,715 Kewaunee Scientific Corp. 1,631 41,264 # Kindred Healthcare, Inc. 22,803 204,087 #* LHC Group, Inc. 1,418 82,102 * LifePoint Health, Inc. 82,208 4,883,155 * Magellan Health, Inc. 17,899 1,334,370 Medtronic P.L.C. 794,453 66,710,218 * Merit Medical Systems, Inc. 13,395 549,195 #* Micron Solutions, Inc. 1,200 4,752 #* Molina Healthcare, Inc. 24,941 1,666,059 * Mylan NV 28,680 1,118,233 National HealthCare Corp. 6,484 422,562 #* Natus Medical, Inc. 15,698 552,570 * Nuvectra Corp. 13,890 161,957 #* Omnicell, Inc. 35,405 1,756,088 PerkinElmer, Inc. 76,500 5,035,995 Pfizer, Inc. 4,178,729 138,566,654 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ------------ Health Care -- (Continued) * PharMerica Corp. 33,305 $ 837,621 #* Prestige Brands Holdings, Inc. 111,489 5,979,155 Quest Diagnostics, Inc. 5,900 639,029 * RTI Surgical, Inc. 73,086 416,590 * SciClone Pharmaceuticals, Inc. 13,028 142,657 * Select Medical Holdings Corp. 42,204 683,705 * Surmodics, Inc. 5,593 147,096 Teleflex, Inc. 37,223 7,713,350 Thermo Fisher Scientific, Inc. 499,520 87,680,746 #* Tivity Health, Inc. 11,581 459,187 * Triple-S Management Corp. Class B 20,684 320,188 UnitedHealth Group, Inc. 89,716 17,208,426 * VCA, Inc. 69,140 6,400,981 * WellCare Health Plans, Inc. 18,375 3,252,191 Zimmer Biomet Holdings, Inc. 1,000 121,320 ------------ Total Health Care 772,672,747 ------------ Industrials -- (11.0%) AAR Corp. 32,906 1,230,684 ABM Industries, Inc. 64,500 2,877,990 Acme United Corp. 1,030 28,500 # Actuant Corp. Class A 4,057 98,179 * AECOM 55,835 1,781,136 * Aegion Corp. 42,549 1,018,623 #* Aerovironment, Inc. 35,065 1,325,106 AGCO Corp. 58,973 4,254,312 * Air Transport Services Group, Inc. 6,308 153,663 Alamo Group, Inc. 22,751 2,116,071 Alaska Air Group, Inc. 105,252 8,970,628 # Albany International Corp. Class A 20,551 1,099,479 # AMERCO 29,431 11,435,709 * Ameresco, Inc. Class A 981 6,426 # American Railcar Industries, Inc. 20,003 735,510 # Apogee Enterprises, Inc. 36,374 1,894,722 # ArcBest Corp. 12,135 337,353 Arconic, Inc. 331,751 8,224,107 # Argan, Inc. 21 1,353 Astec Industries, Inc. 22,925 1,152,440 #* Atlas Air Worldwide Holdings, Inc. 31,815 1,889,811 Barnes Group, Inc. 36,400 2,190,552 Brady Corp. Class A 38,500 1,278,200 Briggs & Stratton Corp. 41,033 960,993 * CAI International, Inc. 17,082 448,061 * Casella Waste Systems, Inc. Class A 5,201 87,273 Caterpillar, Inc. 107,902 12,295,433 * CBIZ, Inc. 38,149 566,513 * CDI Corp. 24,979 206,077 CECO Environmental Corp. 3,773 36,447 # Celadon Group, Inc. 24,642 112,121 Chicago Rivet & Machine Co. 700 25,718 # CIRCOR International, Inc. 10,019 501,551 Columbus McKinnon Corp. 17,542 452,584 Comfort Systems USA, Inc. 44,560 1,483,848 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ----------- Industrials -- (Continued) # CompX International, Inc. 500 $ 7,250 # Covanta Holding Corp. 113 1,706 #* Covenant Transportation Group, Inc. Class A 7,080 132,750 # CRA International, Inc. 7,613 295,461 CSX Corp. 1,242,950 61,327,153 Cummins, Inc. 900 151,110 Curtiss-Wright Corp. 46,353 4,469,356 Delta Air Lines, Inc. 422,126 20,836,139 * DigitalGlobe, Inc. 21,971 766,788 DMC Global, Inc. 1,436 19,960 # Douglas Dynamics, Inc. 30,234 961,441 * Ducommun, Inc. 12,645 366,199 Eastern Co. (The) 10,193 296,616 Eaton Corp. P.L.C. 263,425 20,613,006 EMCOR Group, Inc. 50,540 3,411,450 Encore Wire Corp. 19,966 890,484 EnerSys 43,239 3,124,883 * Engility Holdings, Inc. 7,988 233,010 Ennis, Inc. 30,835 593,574 # ESCO Technologies, Inc. 17,601 1,085,982 Espey Manufacturing & Electronics Corp. 1,671 37,547 # Essendant, Inc. 24,021 299,782 #* Esterline Technologies Corp. 44,968 4,339,412 Federal Signal Corp. 71,923 1,330,576 FedEx Corp. 142,324 29,607,662 # Fortune Brands Home & Security, Inc. 123,726 8,125,086 * Franklin Covey Co. 3,046 56,808 # FreightCar America, Inc. 9,404 154,602 * FTI Consulting, Inc. 36,136 1,185,622 # GATX Corp. 65,445 4,046,464 * Gencor Industries, Inc. 13,149 211,041 General Electric Co. 2,102,284 53,839,493 * Genesee & Wyoming, Inc. Class A 1,200 78,192 #* Gibraltar Industries, Inc. 24,203 722,460 Gorman-Rupp Co. (The) 24,282 733,802 * GP Strategies Corp. 18,583 532,403 # Granite Construction, Inc. 27,179 1,332,315 * Great Lakes Dredge & Dock Corp. 69,820 275,789 # Greenbrier Cos., Inc. (The) 22,451 1,010,295 # Griffon Corp. 67,323 1,380,121 #* Hawaiian Holdings, Inc. 9,193 380,590 Heidrick & Struggles International, Inc. 18,234 330,035 #* Herc Holdings, Inc. 18,560 842,253 #* Hertz Global Holdings, Inc. 55,682 761,173 * Hill International, Inc. 27,154 137,128 Hurco Cos., Inc. 7,910 260,635 * Huron Consulting Group, Inc. 4,001 142,036 Hyster-Yale Materials Handling, Inc. 12,246 867,752 * ICF International, Inc. 31,660 1,432,615 Ingersoll-Rand P.L.C. 213,109 18,728,019 #* InnerWorkings, Inc. 96,587 1,138,761 Insteel Industries, Inc. 17,578 462,653 * JetBlue Airways Corp. 324,893 7,124,903 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ----------- Industrials -- (Continued) # Johnson Controls International P.L.C. 149,522 $ 5,823,882 Kadant, Inc. 5,786 451,597 KAR Auction Services, Inc. 18,100 760,924 # KBR, Inc. 3,600 53,712 * Key Technology, Inc. 3,199 45,746 Kimball International, Inc. Class B 30,344 505,834 Korn/Ferry International 33,148 1,108,801 #* Kratos Defense & Security Solutions, Inc. 2,711 29,835 L3 Technologies, Inc. 100,470 17,579,236 * Lawson Products, Inc. 8,847 203,923 * LB Foster Co. Class A 6,682 117,603 LSI Industries, Inc. 27,715 231,975 * Lydall, Inc. 14,605 722,948 ManpowerGroup, Inc. 22,886 2,452,235 Marten Transport, Ltd. 79,636 1,270,194 Matson, Inc. 62,316 1,757,311 Matthews International Corp. Class A 12,387 811,968 # McGrath RentCorp 17,552 623,623 #* Mercury Systems, Inc. 2,055 90,235 Miller Industries, Inc. 20,099 524,584 # Mobile Mini, Inc. 54,461 1,677,399 * Moog, Inc. Class A 35,339 2,626,394 Mueller Industries, Inc. 30,912 973,728 # Multi-Color Corp. 308 24,794 * MYR Group, Inc. 19,582 622,903 National Presto Industries, Inc. 571 64,580 * Navigant Consulting, Inc. 12,297 208,188 #* NL Industries, Inc. 38,770 302,406 NN, Inc. 18,396 509,569 Norfolk Southern Corp. 545,229 61,381,881 * Northwest Pipe Co. 6,690 101,086 #* NOW, Inc. 62,737 999,400 * On Assignment, Inc. 53,951 2,657,087 Orbital ATK, Inc. 56,610 5,784,410 Oshkosh Corp. 14,466 996,129 Owens Corning 149,300 10,010,565 PACCAR, Inc. 4,432 303,370 * PAM Transportation Services, Inc. 6,449 113,051 # Pentair P.L.C. 117,934 7,438,097 * Perma-Pipe International Holdings, Inc. 8,900 70,310 Powell Industries, Inc. 7,529 239,799 # Quad/Graphics, Inc. 1,591 35,734 # Quanex Building Products Corp. 21,431 460,767 * Quanta Services, Inc. 168,307 5,676,995 Raytheon Co. 44,355 7,618,858 * RCM Technologies, Inc. 20,293 107,959 Regal Beloit Corp. 16,070 1,339,434 Republic Services, Inc. 429,755 27,598,866 Resources Connection, Inc. 25,955 346,499 * Roadrunner Transportation Systems, Inc. 879 6,135 * RPX Corp. 33,100 452,477 * Rush Enterprises, Inc. Class A 32,603 1,406,167 * Rush Enterprises, Inc. Class B 18,522 753,475 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ------------ Industrials -- (Continued) Ryder System, Inc. 89,844 $ 6,537,049 #* Saia, Inc. 8,925 485,074 * SIFCO Industries, Inc. 6,623 44,374 SkyWest, Inc. 38,506 1,405,469 Southwest Airlines Co. 645,761 35,846,193 * Sparton Corp. 8,563 197,463 # Spartan Motors, Inc. 16,820 148,857 * SPX FLOW, Inc. 12,803 453,994 Standex International Corp. 22,341 2,143,619 Stanley Black & Decker, Inc. 143,289 20,159,329 Steelcase, Inc. Class A 55,469 757,152 Supreme Industries, Inc. Class A 1,433 21,552 #* Team, Inc. 6,674 95,772 # Terex Corp. 27,578 1,085,746 Tetra Tech, Inc. 45,222 2,145,784 * Titan Machinery, Inc. 2,883 51,462 Trinity Industries, Inc. 183,814 5,038,342 Triton International, Ltd. 24,053 867,351 # Triumph Group, Inc. 57,100 1,461,760 #* Tutor Perini Corp. 33,844 900,250 * Twin Disc, Inc. 900 15,228 * Ultralife Corp. 3,309 22,832 UniFirst Corp. 18,705 2,660,786 Union Pacific Corp. 888,128 91,441,659 * United Continental Holdings, Inc. 114,796 7,769,393 United Technologies Corp. 228,103 27,046,173 Universal Forest Products, Inc. 31,800 2,666,430 #* USA Truck, Inc. 12,805 118,574 * Vectrus, Inc. 4,069 138,387 #* Veritiv Corp. 9,437 350,585 Viad Corp. 23,193 1,241,985 * Virco Manufacturing Corp. 12,601 68,675 VSE Corp. 610 31,629 Watts Water Technologies, Inc. Class A 1,534 98,790 # Werner Enterprises, Inc. 34,105 1,011,213 #* Wesco Aircraft Holdings, Inc. 6,228 67,574 * WESCO International, Inc. 11,687 598,959 #* Willis Lease Finance Corp. 6,713 169,705 #* XPO Logistics, Inc. 12,216 734,304 ------------ Total Industrials 726,943,667 ------------ Information Technology -- (10.9%) Activision Blizzard, Inc. 982,162 60,677,968 * Actua Corp. 1,184 15,984 * Acxiom Corp. 7,769 209,530 * Agilysys, Inc. 14,791 148,797 * Alpha & Omega Semiconductor, Ltd. 20,661 365,700 Analog Devices, Inc. 6,632 523,994 #* ARRIS International P.L.C. 70,523 1,971,823 * Arrow Electronics, Inc. 175,521 14,268,102 # AstroNova, Inc. 6,285 86,733 Avnet, Inc. 139,400 5,350,172 AVX Corp. 72,760 1,300,221 * Aware, Inc. 14,326 65,900 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) * Axcelis Technologies, Inc. 175 $ 3,885 * AXT, Inc. 16,521 144,559 Bel Fuse, Inc. Class A 3,874 84,066 Bel Fuse, Inc. Class B 11,381 287,370 * Benchmark Electronics, Inc. 62,063 2,088,420 Black Box Corp. 18,611 147,027 #* Blackhawk Network Holdings, Inc. 25,926 1,131,670 #* Blucora, Inc. 57,127 1,279,645 Brocade Communications Systems, Inc. 461,513 5,828,909 Brooks Automation, Inc. 50,847 1,248,802 * BSQUARE Corp. 4,065 23,170 * CACI International, Inc. Class A 24,830 3,106,233 * Calix, Inc. 16,027 109,785 #* Cars.com, Inc. 39,879 969,060 Cisco Systems, Inc. 4,663,233 146,658,678 Cohu, Inc. 28,915 526,831 * CommerceHub, Inc. Series A 5,992 109,294 * CommerceHub, Inc. Series C 14,580 262,148 # Comtech Telecommunications Corp. 15,569 280,242 Concurrent Computer Corp. 11,740 79,128 * Conduent, Inc. 177,926 2,937,558 # Convergys Corp. 197,364 4,730,815 * CoreLogic, Inc. 96,545 4,397,625 Corning, Inc. 785,955 22,902,729 * Cray, Inc. 12,866 265,040 CSP, Inc. 2,414 24,768 CTS Corp. 66,936 1,472,592 #* CyberOptics Corp. 3,281 54,136 # Cypress Semiconductor Corp. 52,022 738,712 * Dell Technologies, Inc. Class V 38,133 2,450,808 * Digi International, Inc. 25,438 265,827 * Diodes, Inc. 4,709 124,930 * DSP Group, Inc. 46,713 588,584 DXC Technology Co. 228,936 17,944,004 * EchoStar Corp. Class A 23,551 1,430,252 * Edgewater Technology, Inc. 13,603 96,445 * Electro Scientific Industries, Inc. 6,085 52,635 #* Electronics for Imaging, Inc. 58,110 2,822,984 Emcore Corp. 744 8,630 * EnerNOC, Inc. 6,397 48,937 * Entegris, Inc. 300 7,830 * ePlus, Inc. 17,490 1,414,941 #* Fabrinet 4,055 182,516 Fidelity National Information Services, Inc. 151,857 13,852,396 * Finisar Corp. 61,526 1,674,738 #* First Solar, Inc. 28,266 1,393,796 * FormFactor, Inc. 46,295 606,464 * Frequency Electronics, Inc. 8,090 69,574 #* GSI Technology, Inc. 3,363 24,415 #* Harmonic, Inc. 22,962 94,144 Hewlett Packard Enterprise Co. 1,070,310 18,741,128 * IAC/InterActiveCorp 125,298 13,109,930 #* ID Systems, Inc. 3,917 26,753 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- ------------ Information Technology -- (Continued) #* Inseego Corp. 10,953 $ 12,925 * Insight Enterprises, Inc. 42,100 1,705,892 Intel Corp. 4,978,195 176,576,577 * IntriCon Corp. 2,835 21,263 * Itron, Inc. 33,397 2,437,981 IXYS Corp. 3,055 53,157 Juniper Networks, Inc. 212,100 5,928,195 * Key Tronic Corp. 17,623 128,119 * Kimball Electronics, Inc. 23,443 455,966 * Kulicke & Soffa Industries, Inc. 71,688 1,544,160 * KVH Industries, Inc. 19,858 216,452 Lam Research Corp. 11,111 1,771,760 * Lattice Semiconductor Corp. 108,469 754,944 * Limelight Networks, Inc. 10,944 37,428 ManTech International Corp. Class A 2,048 81,347 # Marvell Technology Group, Ltd. 166,418 2,589,464 * Maxwell Technologies, Inc. 2,521 14,748 # Methode Electronics, Inc. 79,272 3,151,062 * Micron Technology, Inc. 758,908 21,340,493 * Microsemi Corp. 7,940 413,515 MKS Instruments, Inc. 61,200 5,119,380 #* ModusLink Global Solutions, Inc. 6,101 10,250 * NCI, Inc. Class A 686 13,686 * NETGEAR, Inc. 31,028 1,486,241 * Optical Cable Corp. 10,793 24,284 #* PAR Technology Corp. 12,896 115,548 Park Electrochemical Corp. 1,642 30,853 PC Connection, Inc. 35,467 915,049 PC-Tel, Inc. 22,216 157,956 * PCM, Inc. 10,471 129,579 * Photronics, Inc. 79,712 801,106 * Plexus Corp. 10,626 569,660 #* Qorvo, Inc. 24,909 1,707,761 QUALCOMM, Inc. 1,059,256 56,341,827 * Rambus, Inc. 1,069 13,779 Reis, Inc. 13,511 289,135 Richardson Electronics, Ltd. 15,464 90,619 * Rogers Corp. 7,543 889,848 * Rudolph Technologies, Inc. 16,097 398,401 * Sanmina Corp. 39,846 1,428,479 * ScanSource, Inc. 14,745 583,902 * ShoreTel, Inc. 3,200 23,840 * Sonus Networks, Inc. 6,622 45,228 # SS&C Technologies Holdings, Inc. 51,586 1,999,473 * StarTek, Inc. 22,913 281,830 #* SunPower Corp. 18,322 204,107 #* Super Micro Computer, Inc. 5,886 158,039 * Sykes Enterprises, Inc. 20,292 689,928 SYNNEX Corp. 55,900 6,647,628 * Synopsys, Inc. 4,200 321,594 TE Connectivity, Ltd. 150,137 12,069,513 #* Tech Data Corp. 81,325 8,327,680 * Telenav, Inc. 9,865 73,987 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ------- ------------ Information Technology -- (Continued) Teradyne, Inc. 26,789 $ 926,632 Tessco Technologies, Inc. 8,689 115,998 TiVo Corp. 19,000 372,400 #* TTM Technologies, Inc. 55,241 960,089 * Veeco Instruments, Inc. 15,978 492,122 #* Virtusa Corp. 30,064 996,622 # Vishay Intertechnology, Inc. 151,731 2,708,398 * Vishay Precision Group, Inc. 16,480 288,400 Western Digital Corp. 215,907 18,378,004 * Xcerra Corp. 20,165 195,802 Xerox Corp. 222,408 6,821,253 * XO Group, Inc. 6,284 114,872 # Xperi Corp. 48,635 1,422,574 ------------ Total Information Technology 718,899,286 ------------ Materials -- (1.7%) Alcoa Corp. 110,583 4,025,221 # Allegheny Technologies, Inc. 22,777 431,396 Ampco-Pittsburgh Corp. 4,007 57,901 Ashland Global Holdings, Inc. 112,560 7,313,023 Bemis Co., Inc. 24,092 1,020,778 Cabot Corp. 46,280 2,514,392 #* Century Aluminum Co. 15,822 265,493 * Clearwater Paper Corp. 16,822 826,801 # Commercial Metals Co. 85,208 1,584,869 * Core Molding Technologies, Inc. 11,847 225,922 Domtar Corp. 8,107 316,659 Dow Chemical Co. (The) 11,060 710,494 Friedman Industries, Inc. 10,726 58,135 FutureFuel Corp. 6,104 88,874 Graphic Packaging Holding Co. 154,000 2,031,260 Greif, Inc. Class A 4,885 274,000 Huntsman Corp. 50,242 1,337,442 Kaiser Aluminum Corp. 27,181 2,644,440 KapStone Paper and Packaging Corp. 80,984 1,851,294 #* Kraton Corp. 5,435 202,182 * Louisiana-Pacific Corp. 173,457 4,355,505 Martin Marietta Materials, Inc. 23,633 5,351,220 # Materion Corp. 18,497 711,210 Mercer International, Inc. 21,725 238,975 Minerals Technologies, Inc. 34,280 2,427,024 Mosaic Co. (The) 17,274 416,994 # Myers Industries, Inc. 30,343 515,831 Neenah Paper, Inc. 7,684 613,952 Newmont Mining Corp. 141,468 5,258,366 * Northern Technologies International Corp. 3,035 55,389 Nucor Corp. 93,455 5,389,550 Olin Corp. 69,801 2,057,734 Olympic Steel, Inc. 9,986 170,661 # PH Glatfelter Co. 50,600 1,035,782 PolyOne Corp. 5,174 189,265 Reliance Steel & Aluminum Co. 93,801 6,787,440 Schnitzer Steel Industries, Inc. Class A 400 10,320 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ --------- -------------- Materials -- (Continued) Sensient Technologies Corp. 38,101 $ 2,833,190 Steel Dynamics, Inc. 94,919 3,361,082 * SunCoke Energy, Inc. 62,210 556,780 #* Synalloy Corp. 5,144 58,127 Tredegar Corp. 26,545 400,830 Tronox, Ltd. Class A 1,600 31,008 #* Universal Stainless & Alloy Products, Inc. 6,269 119,111 Valvoline, Inc. 309,015 7,005,370 Vulcan Materials Co. 58,246 7,171,248 # Westlake Chemical Corp. 158,152 11,127,575 WestRock Co. 200,591 11,517,935 # Worthington Industries, Inc. 47,320 2,397,704 -------------- Total Materials 109,945,754 -------------- Real Estate -- (0.0%) Alexander & Baldwin, Inc. 66,838 2,802,517 # Griffin Industrial Realty, Inc. 1,500 48,285 # Stratus Properties, Inc. 3,069 87,927 -------------- Total Real Estate 2,938,729 -------------- Telecommunication Services -- (4.1%) AT&T, Inc. 6,297,224 245,591,736 # ATN International, Inc. 84 4,872 # CenturyLink, Inc. 512,432 11,924,293 # Frontier Communications Corp. 46,463 711,348 * General Communication, Inc. Class A 2,840 121,183 #* Iridium Communications, Inc. 14,800 147,260 * Lumos Networks Corp. 500 8,955 #* ORBCOMM, Inc. 44,499 516,633 Spok Holdings, Inc. 12,522 205,361 #* Sprint Corp. 422,600 3,372,348 * T-Mobile US, Inc. 113,786 7,016,045 Telephone & Data Systems, Inc. 111,207 3,161,615 * United States Cellular Corp. 7,591 287,547 #* Vonage Holdings Corp. 85,934 568,024 -------------- Total Telecommunication Services 273,637,220 -------------- Utilities -- (0.1%) * Calpine Corp. 62,921 904,804 Consolidated Water Co., Ltd. 6,656 85,862 NRG Energy, Inc. 55,469 1,365,647 # Ormat Technologies, Inc. 20,134 1,193,946 -------------- Total Utilities 3,550,259 -------------- TOTAL COMMON STOCKS 6,449,381,221 -------------- RIGHTS/WARRANTS -- (0.0%) (degrees)#* Safeway Casa Ley Contingent Value Rights 157,807 160,158 THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED SHARES VALUE+ ---------- -------------- (degrees)#* Safeway PDC, LLC Contingent Value Rights 157,807 $ 48 -------------- TOTAL RIGHTS/WARRANTS 160,206 -------------- TOTAL INVESTMENT SECURITIES 6,449,541,427 -------------- TEMPORARY CASH INVESTMENTS -- (0.2%) State Street Institutional U.S. Government Money Market Fund, 0.940% 13,453,137 13,453,137 -------------- SECURITIES LENDING COLLATERAL -- (2.3%) (S)@ DFA Short Term Investment Fund 13,002,082 150,460,094 -------------- TOTAL INVESTMENTS -- (100.0%) (Cost $3,718,802,768)^^ $6,613,454,658 ============== THE TAX-MANAGED U.S. MARKETWIDE VALUE SERIES CONTINUED Summary of the Series' investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) -------------------------------------------------- LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- ------------ ------- -------------- Common Stocks Consumer Discretionary $1,050,760,744 $ 50,896 -- $1,050,811,640 Consumer Staples 535,779,986 -- -- 535,779,986 Energy 757,444,871 -- -- 757,444,871 Financials 1,496,757,062 -- -- 1,496,757,062 Health Care 772,672,747 -- -- 772,672,747 Industrials 726,943,667 -- -- 726,943,667 Information Technology 718,899,286 -- -- 718,899,286 Materials 109,945,754 -- -- 109,945,754 Real Estate 2,938,729 -- -- 2,938,729 Telecommunication Services 273,637,220 -- -- 273,637,220 Utilities 3,550,259 -- -- 3,550,259 Rights/Warrants -- 160,206 -- 160,206 Temporary Cash Investments 13,453,137 -- -- 13,453,137 Securities Lending Collateral -- 150,460,094 -- 150,460,094 -------------- ------------ -- -------------- TOTAL $6,462,783,462 $150,671,196 -- $6,613,454,658 ============== ============ == ============== 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 July 31, 2017, the Trust consisted of eleven operational portfolios, of which nine (collectively, the "Series") are included in this document. SECURITY VALUATION The Series utilize a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below: . Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, futures contracts) . 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 Series' own assumptions in determining the fair value of investments) Securities held by the Domestic Equity Portfolios (The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value 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. International equity securities are subject to a fair value factor, as described later in this note. 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 the International Equity Portfolios value the securities within the range 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 management 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 Trustees of the Trust. 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 Advisor) occur before the net asset value of the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. 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 the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) 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 Trustees of the International Equity Portfolios 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, demonstrate that market quotations may be unreliable. 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). 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. These securities are generally categorized as Level 2 in the hierarchy. 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. Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 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 previously in this note. Valuation hierarchy tables have been included at the end of the Schedules of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment's valuation changes. The Trust recognizes transfers between the levels as of the end of the period. As of July 31, 2017, The Emerging Markets Small Cap Series had significant transfers of securities with a total value of $126,672 (in thousands), that transferred from Level 2 to Level 1 because fair value procedures were no longer applied. 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. FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, 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 of America. Consequently, acquisition and disposition of international securities held by the Series may be inhibited. DERIVATIVE FINANCIAL INSTRUMENTS Summarized below are the specific types of derivative instruments used by the Series: 2. FUTURES CONTRACTS: The Series may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Series. The Series, however, do not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, the Series deposit cash or pledge 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 record a realized gain or loss, which is presented in the Statements 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 or indices, 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 July 31, 2017, the Series had the following outstanding futures contracts (dollar amounts in thousands):
UNREALIZED EXPIRATION NUMBER OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL The U.S. Large Cap Value Series S&P 500 Emini Index(R) 09/15/17 1,472 $181,645 $2,262 $6,182 -------- ------ ------ $181,645 $2,262 $6,182 -------- ------ ------ UNREALIZED EXPIRATION NUMBER OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL The DFA International Value Series Mini MSCI EAFE Index (R) 09/15/17 381 $ 36,936 $1,041 $1,779 The DFA International Value Series S&P 500 Emini Index(R) 09/15/17 524 64,662 1,028 1,755 -------- ------ ------ $101,598 $2,069 $3,534 -------- ------ ------ UNREALIZED EXPIRATION NUMBER OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL The Emerging Markets Series Mini MSCII Emerging Markets Index (R) 09/15/17 559 $ 29,753 $1,734 $1,403 The Emerging Markets Series S&P 500 Emini Index(R) 09/15/17 100 12,340 167 135 -------- ------ ------ $ 42,093 $1,901 $1,538 -------- ------ ------ UNREALIZED EXPIRATION NUMBER OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL The Emerging Markets Small Mini MSCII Emerging Markets Cap Series Index (R) 09/15/17 650 $ 34,596 $2,017 $2,287 The Emerging Markets Small Cap Series S&P 500 Emini Index(R) 09/15/17 110 13,574 -- -- -------- ------ ------ $ 48,170 $2,017 $2,287 -------- ------ ------
FEDERAL TAX COST At July 31, 2017, the total cost of securities for federal income tax purposes was: The U.S. Large Cap Value Series.............. $18,972,964,160 The DFA International Value Series........... 10,921,553,013 The Japanese Small Company Series............ 3,224,880,477 The Asia Pacific Small Company Series........ 1,975,724,459 The United Kingdom Small Company Series...... 1,922,571,510 The Continental Small Company Series......... 4,459,568,519 The Emerging Markets Series.................. 4,456,669,337 The Emerging Markets Small Cap Series........ 6,397,942,159 The Tax-Managed U.S. Marketwide Value Series. 3,718,802,767
OTHER The Series are subject to claims and suits that arise from time to time in the ordinary course of business. 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. The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series have been named as defendants in a multi-district litigation pending in the United States District Court for the Southern District of New York (the "Court"), captioned IN RE TRIBUNE COMPANY FRAUDULENT CONVEYANCE LITIGATION, No. 11-MD-2296-RJS (the "Tribune MDL"). The Tribune MDL arises from the 2007 leveraged buyout of The Tribune Company ("Tribune") (the "LBO") and Tribune's subsequent bankruptcy and reorganization. In connection with the LBO, thousands of Tribune shareholders, including The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, sold Tribune shares back to Tribune for $34 per share. The Tribune MDL includes a series of lawsuits brought by individual creditors of Tribune (the "Individual Creditor Actions") and a lawsuit brought by a court-appointed trustee (the "Trustee") on behalf of the committee of unsecured creditors of Tribune (the "Committee Action," and with the Individual Creditor Actions, collectively referred to as the "Lawsuits"). The Lawsuits seek to unwind the LBO stock repurchases as fraudulent transfers and recover the stock repurchase proceeds paid to the Tribune shareholders who participated in the LBO. On September 23, 2013, the Court entered an order dismissing the Individual Creditor Actions in their entirety on the grounds that the individual creditor plaintiffs lack standing to pursue their claims. The parties appealed the Court's dismissal order to the Second Circuit, and, on March 29, 2016, the Second Circuit affirmed the dismissal, albeit on the grounds that the individual creditor plaintiffs' claims are preempted by the Bankruptcy Code's safe harbor for securities transactions. The individual creditor plaintiffs petitioned the Second Circuit for rehearing of the appeal, but the Second Circuit denied the petition. The individual creditor plaintiffs then petitioned the Supreme Court to review the Second Circuit's decision, and that petition is pending. On January 6, 2017, the Court dismissed the claims against the shareholder defendants in the Committee Action on the grounds that the Trustee had failed to adequately plead that the Tribune Board approved the LBO with actual intent to hinder, harm, or delay Tribune's creditors, as required to state a claim for intentional fraudulent transfer. The Trustee requested that the Court certify the dismissal order for appeal to the Second Circuit, and the Court entered an Order confirming that the Court will certify the matter for appeal after it rules on the remaining motions to dismiss in the Committee Action (motions that do not involve the shareholder defendants). As to the shareholder defendants, the litigation is essentially stayed pending appeal of the dismissal order. Litigation counsel to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series in the Lawsuits has advised management that it does not believe that it is possible, at this stage in the proceedings, to predict with any reasonable certainty the probable outcome of the Lawsuits or quantify the ultimate exposure to The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series arising from the Lawsuits. Until The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series can do so, no reduction of the respective net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will be made relating to the Lawsuits. However, even if the plaintiffs in the Lawsuits were to obtain the full recovery the plaintiffs seek, the amount would be less than 1% of the respective net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series at this time. The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series also cannot quantify the cost of the Lawsuits that could potentially be deducted from their net asset values. Therefore, at this time, those investors buying or redeeming shares of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series will pay or receive, as the case may be, a price based on the net asset values of The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series, with no adjustment relating to the Lawsuits. The attorneys' fees and costs relating to the Lawsuits will be taken as expenses by The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series as incurred and in a manner similar to any other expense incurred by The U.S. Large Cap Value Series and The Tax-Managed U.S. Marketwide Value Series. SUBSEQUENT EVENT EVALUATIONS Management has evaluated the impact of all subsequent events on the Series through the date that the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the Schedules of Investments. DIMENSIONAL EMERGING MARKETS VALUE FUND SCHEDULE OF INVESTMENTS JULY 31, 2017 (UNAUDITED) SHARES VALUE++ ---------- ------------ COMMON STOCKS -- (93.6%) BRAZIL -- (4.3%) * Aliansce Shopping Centers SA 796,814 $ 4,292,807 * B2W Cia Digital 313,484 1,337,033 B3 SA - Brasil Bolsa Balcao 1,710,130 11,236,893 Banco Alfa de Investimento SA 55,600 83,088 Banco do Brasil SA 10,075,902 92,734,423 Banco Santander Brasil SA(B4V5RY4) 520,689 4,259,553 Banco Santander Brasil SA(05967A107) 52,100 423,573 * Brasil Brokers Participacoes SA 1,311,600 471,080 BrasilAgro - Co. Brasileira de Propriedades Agricolas 80,384 305,466 BTG Pactual Group 458,033 2,298,723 * Cia Siderurgica Nacional SA 3,185,998 7,785,305 * Cosan Logistica SA 10,200 24,598 Cosan SA Industria e Comercio 906,702 10,496,558 Cyrela Brazil Realty SA Empreendimentos e Participacoes 3,676,417 14,430,498 Direcional Engenharia SA 1,684,061 3,062,076 Duratex SA 4,102,626 10,419,869 Embraer SA 1,678,162 8,486,736 Embraer SA Sponsored ADR 905,586 18,356,228 Estacio Participacoes SA 287,131 1,878,388 * Eternit SA 553,002 228,766 * Even Construtora e Incorporadora SA 4,253,130 6,246,680 Ez Tec Empreendimentos e Participacoes SA 1,301,726 8,173,486 Fibria Celulose SA 1,250,710 13,267,749 Fibria Celulose SA Sponsored ADR 2,604,002 27,524,301 GAEC Educacao SA 8,700 47,401 # Gafisa SA ADR 169,012 1,279,419 Gerdau SA 1,798,963 6,132,402 Gerdau SA Sponsored ADR 12,742,387 42,941,844 Guararapes Confeccoes SA 60,000 2,018,183 * Helbor Empreendimentos SA 1,782,686 1,280,554 * International Meal Co. Alimentacao SA 496,100 1,193,179 Iochpe Maxion SA 1,688,293 9,138,931 JBS SA 12,439,175 30,715,490 * JHSF Participacoes SA 1,382,074 811,068 * Kepler Weber SA 12,200 92,683 Kroton Educacional SA 11,250,514 54,406,257 Magnesita Refratarios SA 643,250 7,199,136 * Marisa Lojas SA 18,900 35,759 * Mills Estruturas e Servicos de Engenharia SA 627,446 800,819 MRV Engenharia e Participacoes SA 5,585,557 25,667,751 * Paranapanema SA 3,043,343 1,581,033 * Petro Rio SA 15,800 189,599 * Petroleo Brasileiro SA 6,091,883 26,959,124 * Petroleo Brasileiro SA Sponsored ADR 14,614,044 128,749,728 Porto Seguro SA 613,581 6,198,086 * Profarma Distribuidora de Produtos Farmaceuticos SA 51,700 130,811 QGEP Participacoes SA 1,510,966 3,527,453 * Rodobens Negocios Imobiliarios SA 208,475 367,030 * Santos Brasil Participacoes SA 1,106,000 751,910 Sao Carlos Empreendimentos e Participacoes SA 56,800 624,038 SLC Agricola SA 941,091 6,566,979 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ BRAZIL -- (Continued) * Springs Global Participacoes SA 33,400 $ 109,679 Sul America SA 2,156,138 12,134,694 Technos SA 39,400 52,561 * Tecnisa SA 2,788,814 2,092,717 * TPI - Triunfo Participacoes e Investimentos SA 459,400 595,179 Tupy SA 292,187 1,386,749 * Usinas Siderurgicas de Minas Gerais SA 524,300 1,746,910 Vale SA 5,704,276 57,255,869 # Vale SA Sponsored ADR 15,830,150 158,776,405 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 15,290 82,718 Via Varejo SA(B7VY430) 167,924 315,563 Via Varejo SA(BGSHPP4) 918,059 4,236,493 ------------ TOTAL BRAZIL 846,016,081 ------------ CHILE -- (1.4%) Besalco SA 512,877 520,936 CAP SA 938,489 9,893,426 Cementos BIO BIO SA 665,307 855,682 Cencosud SA 11,043,156 31,433,881 * Cia Sud Americana de Vapores SA 73,319,581 3,402,000 Cristalerias de Chile SA 264,624 2,761,185 Embotelladora Andina SA Class A ADR 2,797 68,974 Empresa Nacional de Telecomunicaciones SA 105,838 1,205,151 Empresas CMPC SA 16,473,629 42,084,710 Empresas COPEC SA 2,936,259 35,815,862 Empresas Hites SA 1,868,082 2,156,176 * Empresas La Polar SA 4,876,889 550,666 Enel Americas SA 10,922,839 2,205,782 Enel Americas SA ADR 3,841,992 38,419,920 Enel Chile SA 4,097,602 22,413,883 Grupo Security SA 1,303,553 493,504 Inversiones Aguas Metropolitanas SA 4,866,454 8,500,324 Itau CorpBanca(BYT25P4) 638,843,118 6,056,224 # Itau CorpBanca(45033E105) 3,677 53,316 Latam Airlines Group SA 2,156,062 25,330,302 Latam Airlines Group SA Sponsored ADR 1,200,157 14,077,842 * Masisa SA 42,796,911 3,194,340 PAZ Corp. SA 2,189,657 2,608,219 Ripley Corp. SA 12,474,248 10,654,531 Salfacorp SA 3,197,223 4,216,778 Sigdo Koppers SA 87,684 133,590 Sociedad Matriz SAAM SA 53,259,843 5,692,448 Socovesa SA 5,821,469 3,055,019 Vina Concha y Toro SA 775,167 1,249,019 ------------ TOTAL CHILE 279,103,690 ------------ CHINA -- (16.5%) 361 Degrees International, Ltd. 7,701,000 2,709,297 * A8 New Media Group, Ltd. 348,000 19,813 # Agile Group Holdings, Ltd. 19,338,999 22,991,477 Agricultural Bank of China, Ltd. Class H 198,741,000 92,701,196 Air China, Ltd. Class H 1,386,000 1,249,989 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ CHINA -- (Continued) Ajisen China Holdings, Ltd. 1,120,000 $ 484,096 * Aluminum Corp. of China, Ltd. ADR 29,727 469,687 AMVIG Holdings, Ltd. 5,381,100 1,564,573 # Angang Steel Co., Ltd. Class H 7,634,640 6,187,511 Anhui Conch Cement Co., Ltd. Class H 862,500 3,186,337 #* Anton Oilfield Services Group 5,808,000 556,869 * Anxin-China Holdings, Ltd. 6,152,000 56,867 Asia Cement China Holdings Corp. 6,539,000 2,208,356 #* Asian Citrus Holdings, Ltd. 4,633,000 66,730 AVIC International Holdings, Ltd. Class H 3,256,000 1,670,590 # BAIC Motor Corp., Ltd. Class H 2,895,500 2,603,051 Bank of China, Ltd. Class H 503,530,817 247,642,745 Bank of Chongqing Co., Ltd. Class H 1,583,500 1,372,065 Bank of Communications Co., Ltd. Class H 48,451,574 35,838,986 * Baoye Group Co., Ltd. Class H 2,865,120 2,221,237 BBMG Corp. Class H 14,242,000 7,169,569 # Beijing Capital Land, Ltd. Class H 9,861,060 5,197,241 Beijing Enterprises Holdings, Ltd. 3,308,000 17,555,690 Beijing North Star Co., Ltd. Class H 2,986,000 1,210,851 * Beijing Properties Holdings, Ltd. 456,000 21,582 #* Boer Power Holdings, Ltd. 1,115,000 326,693 Bosideng International Holdings, Ltd. 11,572,000 1,021,448 #* Boyaa Interactive International, Ltd. 449,000 184,264 * C C Land Holdings, Ltd. 25,992,429 5,917,946 Cabbeen Fashion, Ltd. 199,000 54,728 * Capital Environment Holdings, Ltd. 848,000 32,537 Carrianna Group Holdings Co., Ltd. 3,880,391 456,885 CECEP COSTIN New Materials Group, Ltd. 132,000 1,901 * Central China Real Estate, Ltd. 8,878,350 2,670,083 * Century Sunshine Group Holdings, Ltd. 14,780,000 511,443 #* CGN Meiya Power Holdings Co., Ltd. 10,562,000 1,526,952 Changshouhua Food Co., Ltd. 91,000 45,389 Chaowei Power Holdings, Ltd. 2,231,000 1,264,169 * Chigo Holding, Ltd. 35,856,000 449,761 # China Aerospace International Holdings, Ltd. 24,220,000 3,097,836 China Agri-Industries Holdings, Ltd. 17,758,500 7,949,423 China Aoyuan Property Group, Ltd. 14,564,000 6,236,863 China BlueChemical, Ltd. Class H 10,986,878 3,095,688 China Cinda Asset Management Co., Ltd. Class H 104,394,000 43,376,410 China CITIC Bank Corp., Ltd. Class H 45,493,112 29,488,084 # China Coal Energy Co., Ltd. Class H 15,212,000 7,508,928 China Communications Construction Co., Ltd. Class H 17,813,327 23,725,234 China Communications Services Corp., Ltd. Class H 20,989,071 11,400,622 China Construction Bank Corp. Class H 692,941,101 575,359,000 China Dongxiang Group Co., Ltd. 12,770,000 2,368,918 China Electronics Optics Valley Union Holding Co., Ltd. 436,000 39,042 * China Environmental Technology and Bioenergy Holdings, Ltd. 690,000 18,185 China Everbright Bank Co., Ltd. Class H 17,214,000 8,346,408 China Everbright, Ltd. 6,701,869 15,262,659 * China Fiber Optic Network System Group, Ltd. 3,598,000 120,919 China Financial Services Holdings, Ltd. 1,884,000 166,355 China Foods, Ltd. 3,304,000 1,521,033 * China Glass Holdings, Ltd. 7,390,000 680,613 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ CHINA -- (Continued) China Greenfresh Group Co., Ltd. 1,540,000 $ 289,726 #* China Harmony New Energy Auto Holding, Ltd. 5,399,000 2,601,074 * China High Precision Automation Group, Ltd. 429,000 12,564 # China High Speed Transmission Equipment Group Co., Ltd. 1,332,000 1,438,190 # China Hongqiao Group, Ltd. 10,475,000 7,091,023 # China Huarong Asset Management Co., Ltd. Class H 16,910,000 6,903,583 * China Huiyuan Juice Group, Ltd. 4,798,483 1,491,800 # China International Capital Corp., Ltd. Class H 1,045,200 1,663,040 China International Marine Containers Group Co., Ltd. Class H 408,700 854,225 * China ITS Holdings Co., Ltd. 5,486,147 421,304 China Jinmao Holdings Group, Ltd. 44,618,580 20,711,035 China Lesso Group Holdings, Ltd. 1,149,000 809,801 * China Longevity Group Co., Ltd. 1,152,649 37,926 China Merchants Bank Co., Ltd. Class H 361,500 1,186,999 # China Merchants Land, Ltd. 11,776,000 2,512,910 China Merchants Port Holdings Co., Ltd. 8,569,333 26,902,108 China Minsheng Banking Corp., Ltd. Class H 21,146,000 21,251,917 China Mobile, Ltd. 699,500 7,477,059 China Mobile, Ltd. Sponsored ADR 44,484 2,376,780 # China National Building Material Co., Ltd. Class H 33,680,000 20,545,839 China National Materials Co., Ltd. Class H 14,683,000 5,951,758 * China New Town Development Co., Ltd. 11,705,522 509,484 #* China Ocean Resources Co., Ltd. 992,968 665,498 China Oil & Gas Group, Ltd. 4,000,000 276,319 China Oilfield Services, Ltd. Class H 8,572,000 7,303,326 China Oriental Group Co., Ltd. 272,000 146,086 China Overseas Grand Oceans Group, Ltd. 6,641,000 3,892,311 China Overseas Land & Investment, Ltd. 24,528,000 83,095,669 # China Petroleum & Chemical Corp. ADR 1,186,244 90,379,915 China Petroleum & Chemical Corp. Class H 119,137,575 90,314,360 * China Properties Group, Ltd. 5,232,000 1,317,783 China Railway Construction Corp., Ltd. Class H 15,919,514 21,010,648 China Railway Group, Ltd. Class H 11,712,000 9,306,836 * China Rare Earth Holdings, Ltd. 9,214,600 706,044 China Reinsurance Group Corp. Class H 8,452,000 1,978,534 China Resources Cement Holdings, Ltd. 14,666,000 8,724,283 China Resources Land, Ltd. 21,134,000 67,817,044 * China Rundong Auto Group, Ltd. 22,000 11,870 * China Saite Group Co., Ltd. 1,820,000 135,000 China Sanjiang Fine Chemicals Co., Ltd. 2,648,000 835,962 China SCE Property Holdings, Ltd. 13,927,000 6,809,695 China Shenhua Energy Co., Ltd. Class H 20,255,500 50,383,954 China Shineway Pharmaceutical Group, Ltd. 430,000 430,122 # China Silver Group, Ltd. 1,762,000 324,737 # China Singyes Solar Technologies Holdings, Ltd. 6,729,200 2,555,459 # China South City Holdings, Ltd. 22,458,000 4,883,491 China Starch Holdings, Ltd. 28,505,000 856,862 China Sunshine Paper Holdings Co., Ltd. 330,500 89,252 * China Taifeng Beddings Holdings, Ltd. 640,000 16,592 China Taiping Insurance Holdings Co., Ltd. 1,752,800 5,263,265 # China Travel International Investment Hong Kong, Ltd. 26,077,631 7,743,999 #* China Unicom Hong Kong, Ltd. ADR 7,214,458 105,186,798 * China Vanadium Titano - Magnetite Mining Co., Ltd. 515,000 20,419 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) China Vast Industrial Urban Development Co., Ltd. 164,000 $ 65,241 China XLX Fertiliser, Ltd. 240,000 63,386 #* China Yurun Food Group, Ltd. 6,534,000 844,541 China ZhengTong Auto Services Holdings, Ltd. 9,605,000 9,475,229 # China Zhongwang Holdings, Ltd. 18,952,154 9,430,800 Chongqing Machinery & Electric Co., Ltd. Class H 12,776,000 1,649,896 Chongqing Rural Commercial Bank Co., Ltd. Class H 20,425,000 15,049,311 * Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, Ltd. 1,188,000 155,009 Chu Kong Shipping Enterprise Group Co., Ltd. 344,000 84,908 CIFI Holdings Group Co., Ltd. 9,780,000 5,565,069 #* CIMC Enric Holdings, Ltd. 442,000 316,338 * CITIC Dameng Holdings, Ltd. 1,221,000 72,613 # CITIC Resources Holdings, Ltd. 5,946,000 669,168 CITIC Securities Co., Ltd. Class H 232,500 471,382 CITIC, Ltd. 25,564,483 38,842,163 Clear Media, Ltd. 113,000 133,146 CNOOC, Ltd. 78,419,000 87,771,601 # CNOOC, Ltd. Sponsored ADR 196,286 22,072,361 Comba Telecom Systems Holdings, Ltd. 9,448,683 1,294,762 * Comtec Solar Systems Group, Ltd. 4,588,000 167,482 Concord New Energy Group, Ltd. 33,610,000 1,439,355 * Coolpad Group, Ltd. 5,720,600 400,442 COSCO SHIPPING Energy Transportation Co., Ltd. Class H 3,018,000 1,697,610 # COSCO SHIPPING International Hong Kong Co., Ltd. 5,650,000 2,386,316 COSCO SHIPPING Ports, Ltd. 15,909,202 19,459,878 * Coslight Technology International Group Co., Ltd. 1,700,000 763,645 Country Garden Holdings Co., Ltd. 15,800 22,059 # CPMC Holdings, Ltd. 1,304,000 645,463 # CRCC High-Tech Equipment Corp., Ltd. Class H 707,500 256,023 * DaChan Food Asia, Ltd. 3,195,000 278,164 Dah Chong Hong Holdings, Ltd. 6,971,000 3,585,719 * Daphne International Holdings, Ltd. 2,812,000 251,953 #* Dongfang Electric Corp., Ltd. Class H 471,600 501,035 Dongfeng Motor Group Co., Ltd. Class H 19,772,000 24,200,107 Dongyue Group, Ltd. 2,979,000 1,388,278 #* Dynasty Fine Wines Group, Ltd. 9,228,600 319,010 Embry Holdings, Ltd. 539,000 172,568 EVA Precision Industrial Holdings, Ltd. 5,094,000 723,301 Everbright Securities Co., Ltd. Class H 206,200 279,597 * Evergreen International Holdings, Ltd. 1,609,000 133,936 Fantasia Holdings Group Co., Ltd. 23,000,515 3,353,405 Far East Horizon, Ltd. 318,000 270,926 # Fosun International, Ltd. 16,335,183 24,734,397 # Fufeng Group, Ltd. 6,428,000 3,927,916 # Future Land Development Holdings, Ltd. 8,274,000 3,440,884 #* GCL-Poly Energy Holdings, Ltd. 83,998,000 8,916,018 Gemdale Properties & Investment Corp., Ltd. 4,924,000 497,269 #* Glorious Property Holdings, Ltd. 28,617,000 3,222,120 Goldlion Holdings, Ltd. 1,962,000 856,221 # Goldpac Group, Ltd. 744,000 245,568 # GOME Electrical Appliances Holding, Ltd. 80,257,000 9,651,442 Greenland Hong Kong Holdings, Ltd. 4,424,575 1,639,780 # Greentown China Holdings, Ltd. 6,635,591 8,520,235 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ CHINA -- (Continued) Guangshen Railway Co., Ltd. Sponsored ADR 372,261 $ 9,589,443 Guangzhou R&F Properties Co., Ltd. Class H 11,299,514 20,174,266 #* Guodian Technology & Environment Group Corp., Ltd. Class H 4,780,000 336,551 Guolian Securities Co., Ltd. Class H 80,000 40,401 * Hanergy Thin Film Power Group, Ltd. 14,642,000 73,439 * Harbin Bank Co., Ltd. Class H 770,000 245,190 Harbin Electric Co., Ltd. Class H 7,067,474 3,885,975 * Hengdeli Holdings, Ltd. 19,716,000 1,992,256 * Hi Sun Technology China, Ltd. 2,022,000 372,003 # Hilong Holding, Ltd. 6,515,000 1,114,778 HKC Holdings, Ltd. 1,057,155 824,101 HNA Infrastructure Co., Ltd. Class H 1,504,000 1,217,306 * Honghua Group, Ltd. 2,791,000 249,980 Hopefluent Group Holdings, Ltd. 1,514,000 617,813 Hopson Development Holdings, Ltd. 9,086,000 8,718,421 #* Hua Han Health Industry Holdings, Ltd. 23,012,000 292,850 Hua Hong Semiconductor, Ltd. 1,538,000 2,084,004 Huaneng Renewables Corp., Ltd. Class H 33,002,000 10,046,153 Huishang Bank Corp., Ltd. Class H 993,000 483,156 #* Hydoo International Holding, Ltd. 1,112,000 128,090 Industrial & Commercial Bank of China, Ltd. Class H 470,319,996 328,639,379 Inspur International, Ltd. 345,343 77,374 # Jiangnan Group, Ltd. 9,876,000 745,438 Jiangxi Copper Co., Ltd. Class H 8,415,000 15,339,399 #* JinkoSolar Holding Co., Ltd. ADR 372,117 10,277,872 # Joy City Property, Ltd. 2,848,000 418,805 Ju Teng International Holdings, Ltd. 11,382,249 4,586,424 K Wah International Holdings, Ltd. 1,062,342 638,435 * Kai Yuan Holdings, Ltd. 41,600,000 335,152 #* Kaisa Group Holdings, Ltd. 23,392,632 8,943,456 Kangda International Environmental Co., Ltd. 2,895,000 570,241 #* Kasen International Holdings, Ltd. 1,807,000 298,290 Kingboard Chemical Holdings, Ltd. 7,766,845 34,967,331 # Kunlun Energy Co., Ltd. 27,274,000 27,188,827 KWG Property Holding, Ltd. 13,966,500 10,364,150 * Labixiaoxin Snacks Group, Ltd. 2,175,000 197,837 Lai Fung Holdings, Ltd. 54,101,791 1,660,644 Le Saunda Holdings, Ltd. 120,000 22,898 Legend Holdings Corp. Class H 517,900 1,354,408 Leoch International Technology, Ltd. 1,594,000 348,800 #* Lianhua Supermarket Holdings Co., Ltd. Class H 310,000 125,958 # Logan Property Holdings Co., Ltd. 3,400,000 2,946,686 Longfor Properties Co., Ltd. 9,485,000 23,803,538 Lonking Holdings, Ltd. 21,473,000 7,000,182 #* Maanshan Iron & Steel Co., Ltd. Class H 1,522,000 737,097 # Maoye International Holdings, Ltd. 14,176,000 1,432,548 * MIE Holdings Corp. 5,390,000 510,105 MIN XIN Holdings, Ltd. 708,418 534,294 * Mingfa Group International Co., Ltd. 608,000 23,352 Minmetals Land, Ltd. 15,401,205 1,989,841 MOBI Development Co., Ltd. 379,000 55,639 Modern Land China Co., Ltd. 1,618,000 304,232 #* Munsun Capital Group, Ltd. 22,260,000 256,457 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- CHINA -- (Continued) * Nature Home Holding Co., Ltd. 154,000 $ 20,898 * New World Department Store China, Ltd. 3,804,000 967,881 # Nine Dragons Paper Holdings, Ltd. 15,349,000 22,836,611 #* North Mining Shares Co., Ltd. 7,230,000 129,502 # NVC Lighting Holdings, Ltd. 1,693,000 188,350 Overseas Chinese Town Asia Holdings, Ltd. 852,000 413,154 #* Ozner Water International Holding, Ltd. 113,000 28,457 # Parkson Retail Group, Ltd. 10,672,000 1,719,027 People's Insurance Co. Group of China, Ltd. (The) Class H 36,810,000 17,130,077 PetroChina Co., Ltd. ADR 75,718 4,892,140 PetroChina Co., Ltd. Class H 136,138,000 87,585,652 * Phoenix New Media, Ltd. ADR 10,300 27,707 Poly Culture Group Corp., Ltd. Class H 120,300 269,467 #* Poly Property Group Co., Ltd. 22,583,488 11,842,563 Pou Sheng International Holdings, Ltd. 312,000 61,845 Powerlong Real Estate Holdings, Ltd. 13,712,000 6,403,521 #* Prosperity International Holdings HK, Ltd. 17,080,000 246,517 * PW Medtech Group, Ltd. 367,000 83,640 Qingling Motors Co., Ltd. Class H 9,138,000 3,075,427 * Qinhuangdao Port Co., Ltd. Class H 1,673,000 530,510 * Qunxing Paper Holdings Co., Ltd. 5,020,071 242,944 * Real Gold Mining, Ltd. 3,137,500 105,644 * Real Nutriceutical Group, Ltd. 7,474,000 363,357 Red Star Macalline Group Corp., Ltd. Class H 372,000 386,149 #* Renhe Commercial Holdings Co., Ltd. 43,919,000 972,203 #* REXLot Holdings, Ltd. 88,616,621 1,122,479 #* Ronshine China Holdings, Ltd. 443,000 485,738 #* Sany Heavy Equipment International Holdings Co., Ltd. 4,972,000 947,631 * Scud Group, Ltd. 3,368,000 84,084 # Seaspan Corp. 410,898 2,753,017 #* Semiconductor Manufacturing International Corp. 19,816,698 21,722,811 #* Semiconductor Manufacturing International Corp. ADR 1,226,271 6,781,279 # Shandong Chenming Paper Holdings, Ltd. Class H 3,623,318 5,551,209 #* Shanghai Electric Group Co., Ltd. Class H 6,248,000 2,901,260 Shanghai Industrial Holdings, Ltd. 5,858,918 16,931,346 # Shanghai Industrial Urban Development Group, Ltd. 9,802,000 2,382,032 # Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H 8,296,000 2,376,789 Shanghai La Chapelle Fashion Co., Ltd. Class H 14,600 18,502 Shanghai Prime Machinery Co., Ltd. Class H 7,776,000 1,660,632 Shengjing Bank Co., Ltd. Class H 306,000 272,393 Shenguan Holdings Group, Ltd. 3,610,000 214,607 Shenzhen International Holdings, Ltd. 4,065,539 6,959,285 Shenzhen Investment, Ltd. 34,986,796 16,060,126 # Shimao Property Holdings, Ltd. 15,080,035 30,040,017 * Shougang Concord International Enterprises Co., Ltd. 25,488,208 896,205 # Shougang Fushan Resources Group, Ltd. 23,042,594 5,335,401 Shui On Land, Ltd. 35,570,803 8,874,967 #* Shunfeng International Clean Energy, Ltd. 13,852,000 752,399 * Silver Grant International Industries, Ltd. 9,978,804 1,581,952 #* Silverman Holdings, Ltd. 286,000 29,327 SIM Technology Group, Ltd. 8,253,000 459,149 Sino-Ocean Group Holdings, Ltd. 33,310,102 18,613,450 #* Sinofert Holdings, Ltd. 7,620,000 1,052,005 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- CHINA -- (Continued) * Sinolink Worldwide Holdings, Ltd. 10,762,508 $ 1,486,688 * SinoMedia Holding, Ltd. 110,000 25,329 Sinopec Engineering Group Co., Ltd. Class H 1,566,000 1,405,278 Sinopec Kantons Holdings, Ltd. 4,724,000 2,852,589 # Sinotrans Shipping, Ltd. 10,048,416 2,518,898 Sinotrans, Ltd. Class H 10,388,000 5,275,142 # Sinotruk Hong Kong, Ltd. 7,821,835 8,201,624 Skyworth Digital Holdings, Ltd. 18,917,083 10,135,285 # SOHO China, Ltd. 21,957,888 11,961,910 Springland International Holdings, Ltd. 1,758,000 339,971 #* SPT Energy Group, Inc. 2,484,000 165,008 * SRE Group, Ltd. 21,316,285 496,149 # Sunac China Holdings, Ltd. 677,000 1,800,959 #* Taung Gold International, Ltd. 7,700,000 67,949 TCC International Holdings, Ltd. 20,912,583 9,554,516 #* TCL Multimedia Technology Holdings, Ltd. 451,000 222,220 * Technovator International, Ltd. 1,226,000 379,231 # Tenwow International Holdings, Ltd. 1,992,000 374,490 Texhong Textile Group, Ltd. 168,500 181,100 * Tian An China Investment Co., Ltd. 5,399,000 3,661,767 # Tiangong International Co., Ltd. 15,637,944 1,640,058 Tianjin Port Development Holdings, Ltd. 23,555,657 3,917,107 Tianyi Summi Holdings, Ltd. 5,180,000 735,972 # Tomson Group, Ltd. 2,114,825 1,087,645 Tonly Electronics Holdings, Ltd. 301,330 314,509 Top Spring International Holdings, Ltd. 108,000 34,399 TPV Technology, Ltd. 9,036,496 2,090,192 # Trigiant Group, Ltd. 2,036,000 291,529 * Trony Solar Holdings Co., Ltd. 8,775,000 132,566 #* United Energy Group, Ltd. 1,018,000 37,109 #* V1 Group, Ltd. 6,864,000 237,294 # Wasion Group Holdings, Ltd. 4,250,000 1,880,769 # Weichai Power Co., Ltd. Class H 10,840,000 10,433,035 * Weiqiao Textile Co. Class H 5,663,000 3,114,650 Welling Holding, Ltd. 1,140,000 247,622 * West China Cement, Ltd. 29,568,000 4,237,376 * Wuzhou International Holdings, Ltd. 496,000 41,890 Xiamen International Port Co., Ltd. Class H 10,698,000 2,093,466 * Xinchen China Power Holdings, Ltd. 4,162,000 638,422 Xingda International Holdings, Ltd. 9,395,842 4,065,190 * Xingfa Aluminium Holdings, Ltd. 419,000 307,883 Xinhua Winshare Publishing and Media Co., Ltd. Class H 1,050,000 873,124 * Xinjiang Xinxin Mining Industry Co., Ltd. Class H 2,692,000 374,965 XTEP International Holdings, Ltd. 486,500 181,120 * Yanchang Petroleum International, Ltd. 21,400,000 503,522 Yanzhou Coal Mining Co., Ltd. Class H 8,546,000 8,406,543 # Yanzhou Coal Mining Co., Ltd. Sponsored ADR 10,382 101,432 Yip's Chemical Holdings, Ltd. 842,000 350,159 * Youyuan International Holdings, Ltd. 4,218,251 1,619,979 * Yuanda China Holdings, Ltd. 1,702,000 31,951 * YuanShengTai Dairy Farm, Ltd. 658,000 33,668 Yuexiu Property Co., Ltd. 78,574,786 14,771,241 Yuzhou Properties Co., Ltd. 13,781,960 8,182,847 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- -------------- CHINA -- (Continued) Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H 424,600 $ 261,136 * Zhong An Real Estate, Ltd. 7,468,800 2,438,764 Zhuhai Holdings Investment Group, Ltd. 1,104,000 160,913 Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H 9,018,200 4,589,915 -------------- TOTAL CHINA 3,247,210,813 -------------- COLOMBIA -- (0.2%) Almacenes Exito SA 1,244,533 6,351,582 Constructora Conconcreto SA 86,988 29,859 Ecopetrol SA 2,498,142 1,167,030 # Ecopetrol SA Sponsored ADR 530,625 4,956,037 Grupo Argos SA 1,021,651 7,348,986 Grupo de Inversiones Suramericana SA 1,425,217 20,055,228 Grupo Nutresa SA 195,348 1,746,670 Mineros SA 65,037 57,716 -------------- TOTAL COLOMBIA 41,713,108 -------------- CZECH REPUBLIC -- (0.3%) CEZ A.S. 1,529,292 27,745,464 Pegas Nonwovens SA 74,639 3,437,944 # Unipetrol A.S. 1,372,449 18,331,247 -------------- TOTAL CZECH REPUBLIC 49,514,655 -------------- GREECE -- (0.0%) * Alpha Bank AE 121,090 290,287 Bank of Greece 26,513 425,096 * Ellaktor SA 1,053,403 2,053,056 * GEK Terna Holding Real Estate Construction SA 470,402 2,104,947 * Intracom Holdings SA 1,511,057 1,043,156 * Piraeus Bank SA 33,640 9,239 -------------- TOTAL GREECE 5,925,781 -------------- HONG KONG -- (0.0%) Asiasec Properties, Ltd. 766,480 204,857 Samson Holding, Ltd. 2,924,452 280,625 -------------- TOTAL HONG KONG 485,482 -------------- HUNGARY -- (0.4%) MOL Hungarian Oil & Gas P.L.C. 307,176 26,621,780 OTP Bank P.L.C. 1,569,113 58,392,792 -------------- TOTAL HUNGARY 85,014,572 -------------- INDIA -- (12.8%) * Aarti Industries 62,175 937,875 * Aban Offshore, Ltd. 315,580 908,025 ACC, Ltd. 309,155 8,360,511 Adani Enterprises, Ltd. 3,374,526 7,277,664 * Adani Power, Ltd. 13,046,142 6,798,905 * Adani Transmissions, Ltd. 2,947,563 5,728,501 * Aditya Birla Capital, Ltd. 1,689,688 4,078,877 * Aditya Birla Fashion and Retail, Ltd. 4,178,145 11,266,874 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) Alembic, Ltd. 397,146 $ 253,983 * Allahabad Bank 1,291,820 1,515,990 * Allcargo Logistics, Ltd. 403,170 1,079,517 * Alok Industries, Ltd. 2,396,049 136,260 Ambuja Cements, Ltd. 2,267,838 9,297,974 * Amtek Auto, Ltd. 1,425,705 631,211 Anant Raj, Ltd. 657,518 649,178 Andhra Bank 2,694,402 2,405,802 * Apar Industries, Ltd. 148,591 1,819,088 Apollo Tyres, Ltd. 4,310,978 17,879,637 * Arvind SmartSpaces, Ltd. 100,083 223,309 Arvind, Ltd. 2,482,585 14,141,985 Ashoka Buildcon, Ltd. 177,736 514,611 Astra Microwave Products, Ltd. 56,626 118,384 Axis Bank, Ltd. 10,557,581 85,653,363 Bajaj Electricals, Ltd. 36,939 187,674 Bajaj Finance, Ltd. 5,159 137,082 Bajaj Finserv, Ltd. 243,460 18,988,639 Bajaj Holdings & Investment, Ltd. 402,184 15,167,384 Balkrishna Industries, Ltd. 98,774 2,516,672 * Ballarpur Industries, Ltd. 3,056,548 790,793 Balmer Lawrie & Co., Ltd. 887,983 3,473,743 Balrampur Chini Mills, Ltd. 2,088,771 5,348,531 Banco Products India, Ltd. 10,176 36,968 Bank of Baroda 4,591,169 11,895,669 * Bank of India 667,860 1,727,763 * Bank Of Maharashtra 969,657 443,791 BEML, Ltd. 52,357 1,411,200 * BGR Energy Systems, Ltd. 169,812 397,773 Bharat Electronics, Ltd. 298,820 833,894 Bharat Heavy Electricals, Ltd. 6,397,659 14,440,475 Bharti Airtel, Ltd. 10,809,216 70,732,214 Biocon, Ltd. 998,256 6,001,431 Birla Corp., Ltd. 172,475 2,558,196 Bombay Dyeing & Manufacturing Co., Ltd. 1,308,130 1,694,689 * Bombay Rayon Fashions, Ltd. 13,306 31,370 * Brigade Enterprises, Ltd. 165,153 724,474 Canara Bank 1,065,655 6,105,646 Ceat, Ltd. 371,496 10,852,604 * CG Power and Industrial Solutions, Ltd. 1,912,233 2,531,117 Chambal Fertilizers and Chemicals, Ltd. 2,614,619 5,512,183 Chennai Super Kings Cricket, Ltd. 5,080,767 33,414 * Cigniti Technologies, Ltd. 2,011 8,242 Cipla, Ltd. 22,485 196,996 City Union Bank, Ltd. 1,406,373 3,945,255 * Coffee Day Enterprises, Ltd. 3,599 13,719 Container Corp. Of India, Ltd. 98,594 1,756,483 Coromandel International, Ltd. 293,272 2,062,436 * Corp. Bank 1,646,469 1,301,495 Cox & Kings, Ltd. 1,236,012 5,465,731 Crompton Greaves Consumer Electricals, Ltd. 1,613,326 5,496,433 Cyient, Ltd. 107,061 875,822 * Dalmia Bharat Sugar & Industries, Ltd. 14,037 33,556 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- INDIA -- (Continued) * Dalmia Bharat, Ltd. 148,921 $ 6,175,621 * DB Realty, Ltd. 873,103 602,965 DCB Bank, Ltd. 2,724,516 8,295,487 DCM Shriram, Ltd. 433,903 2,503,964 * Deepak Fertilisers & Petrochemicals Corp., Ltd. 524,424 2,933,039 Deepak Nitrite, Ltd. 1,173 2,988 Delta Corp., Ltd. 501,826 1,333,386 * DEN Networks, Ltd. 377,359 497,207 * Dena Bank 507,403 270,078 Dewan Housing Finance Corp., Ltd. 1,678,948 11,955,421 Dhampur Sugar Mills, Ltd. 23,525 89,407 Dishman Carbogen Amcis, Ltd. 1,414,095 6,639,394 * DLF, Ltd. 4,981,322 14,978,379 Dredging Corp. Of India, Ltd. 14,780 144,228 Edelweiss Financial Services, Ltd. 2,585,583 8,244,659 EID Parry India, Ltd. 1,115,605 5,877,004 EIH, Ltd. 1,066,648 2,289,451 Electrosteel Castings, Ltd. 894,946 460,174 Engineers India, Ltd. 895,520 2,216,632 * Eros International Media, Ltd. 382,259 1,319,495 Escorts, Ltd. 819,864 8,550,743 Essel Propack, Ltd. 787,613 3,019,398 * Eveready Industries India, Ltd. 131,474 630,678 Exide Industries, Ltd. 789,280 2,676,356 * FDC, Ltd. 37,976 107,165 Federal Bank, Ltd. 14,626,493 26,314,871 Finolex Cables, Ltd. 667,891 4,859,017 Finolex Industries, Ltd. 111,226 1,054,794 * Firstsource Solutions, Ltd. 3,480,544 1,965,633 * Fortis Healthcare, Ltd. 823,646 1,995,925 Future Enterprises, Ltd. 1,276,134 758,477 * Future Retail, Ltd. 1,486,460 9,348,671 GAIL India, Ltd. 4,577,531 26,853,326 Gateway Distriparks, Ltd. 157,509 669,581 Gati, Ltd. 529,538 998,408 Genus Power Infrastructures, Ltd. 73,968 57,884 GHCL, Ltd. 220,091 809,546 GIC Housing Finance, Ltd. 98,306 792,678 GOCL Corp., Ltd. 29,998 207,368 Graphite India, Ltd. 725,730 2,332,574 Grasim Industries, Ltd. 1,206,920 20,102,088 Great Eastern Shipping Co., Ltd. (The) 1,014,839 6,263,097 Gujarat Alkalies & Chemicals, Ltd. 430,271 2,664,721 * Gujarat Ambuja Exports, Ltd. 15,060 27,920 * Gujarat Fluorochemicals, Ltd. 387,110 4,688,861 Gujarat Mineral Development Corp., Ltd. 1,393,052 3,084,145 Gujarat Narmada Valley Fertilizers & Chemicals, Ltd. 777,222 3,615,827 Gujarat State Fertilizers & Chemicals, Ltd. 2,186,080 4,688,208 Gujarat State Petronet, Ltd. 2,730,385 8,341,305 * Hathway Cable & Datacom, Ltd. 64,819 32,851 HBL Power Systems, Ltd. 74,867 55,801 * HCL Infosystems, Ltd. 462,162 348,662 HCL Technologies, Ltd. 53,109 738,037 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ INDIA -- (Continued) * HEG, Ltd. 109,436 $ 847,308 * HeidelbergCement India, Ltd. 349,348 702,401 Hikal, Ltd. 88,470 305,187 * Himachal Futuristic Communications, Ltd. 7,765,886 2,202,437 Himadri Speciality Chemical, Ltd. 19,970 26,880 Himatsingka Seide, Ltd. 474,389 2,614,572 Hindalco Industries, Ltd. 14,198,191 48,702,285 Hinduja Global Solutions, Ltd. 62,937 515,980 * Hindustan Construction Co., Ltd. 3,402,777 2,173,335 Hindustan Media Ventures, Ltd. 11,103 47,822 * Housing Development & Infrastructure, Ltd. 1,355,963 1,832,635 HSIL, Ltd. 391,603 2,301,677 HT Media, Ltd. 546,085 783,409 Huhtamaki PPL, Ltd. 6,913 27,278 ICICI Bank, Ltd. Sponsored ADR 16,013,603 149,086,643 * IDBI Bank, Ltd. 1,878,469 1,746,173 Idea Cellular, Ltd. 13,154,942 18,913,820 IDFC Bank, Ltd. 5,019,981 4,661,928 IDFC, Ltd. 6,072,777 5,551,653 * IFCI, Ltd. 10,328,679 4,346,434 IIFL Holdings, Ltd. 2,845,567 26,411,590 * IL&FS Transportation Networks, Ltd. 418,066 597,909 India Cements, Ltd. (The) 3,131,850 9,996,362 Indiabulls Housing Finance, Ltd. 2,248,436 41,244,472 * Indiabulls Real Estate, Ltd. 1,715,543 6,057,085 Indian Bank 1,134,871 5,523,228 Indian Hotels Co., Ltd. 4,585,310 8,898,385 INEOS Styrolution India, Ltd. 29,326 501,941 Infosys, Ltd. 169,411 2,672,682 Ingersoll-Rand India, Ltd. 3,470 46,426 * Inox Wind, Ltd. 15,251 32,638 * Intellect Design Arena, Ltd. 421,066 719,431 Ipca Laboratories, Ltd. 11,269 84,290 J Kumar Infraprojects, Ltd. 53,829 242,228 Jain Irrigation Systems, Ltd. 5,324,731 8,802,287 * Jaiprakash Associates, Ltd. 17,658,065 8,071,272 Jammu & Kashmir Bank, Ltd. (The) 3,170,933 4,123,878 * Jaypee Infratech, Ltd. 6,993,111 2,383,178 JB Chemicals & Pharmaceuticals, Ltd. 514,152 2,481,847 JBF Industries, Ltd. 475,559 1,556,022 Jindal Poly Films, Ltd. 324,821 1,909,573 Jindal Saw, Ltd. 2,213,468 3,562,891 * Jindal Stainless Hisar, Ltd. 66,174 167,505 * Jindal Steel & Power, Ltd. 4,783,550 11,394,446 * JITF Infralogistics, Ltd. 193,264 135,458 JK Cement, Ltd. 238,520 3,755,979 JK Lakshmi Cement, Ltd. 420,350 3,015,182 JK Paper, Ltd. 51,986 78,971 JK Tyre & Industries, Ltd. 972,736 2,447,437 JM Financial, Ltd. 4,615,123 8,655,909 JSW Energy, Ltd. 5,451,141 5,947,171 * JSW Holdings, Ltd. 2,820 76,392 JSW Steel, Ltd. 21,000,680 72,349,384 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ----------- INDIA -- (Continued) Jubilant Life Sciences, Ltd. 993,088 $11,072,437 * Kalpataru Power Transmission, Ltd. 803,572 4,333,902 Kalyani Steels, Ltd. 12,658 87,273 Karnataka Bank, Ltd. (The) 2,500,137 5,999,145 Karur Vysya Bank, Ltd. (The) 1,891,790 4,140,926 * Kaveri Seed Co., Ltd. 118,708 1,280,441 * KCP, Ltd. 37,400 60,388 KEC International, Ltd. 1,377,424 6,559,795 Kirloskar Brothers, Ltd. 7,852 30,133 Kirloskar Oil Engines, Ltd. 296,633 1,844,989 Kolte-Patil Developers, Ltd. 89,111 234,267 KPIT Technologies, Ltd. 1,339,109 2,663,564 * KRBL, Ltd. 367,385 2,629,542 L&T Finance Holdings, Ltd. 3,780,436 10,303,182 Lakshmi Machine Works, Ltd. 5,679 523,780 Lakshmi Vilas Bank, Ltd. (The) 355,564 991,818 Larsen & Toubro, Ltd. 4,273,314 79,477,273 LIC Housing Finance, Ltd. 711,208 7,636,305 Magma Fincorp, Ltd. 80,848 211,904 Maharashtra Seamless, Ltd. 102,979 644,864 Mahindra & Mahindra Financial Services, Ltd. 952,055 5,944,506 Mahindra & Mahindra, Ltd. 1,848,523 40,502,933 * Mahindra CIE Automotive, Ltd. 29,954 116,789 Mahindra Lifespace Developers, Ltd. 233,628 1,533,010 Manappuram Finance, Ltd. 3,057,278 5,083,747 McLeod Russel India, Ltd. 787,091 2,150,972 Meghmani Organics, Ltd. 113,264 91,755 Mercator, Ltd. 177,557 112,906 Merck, Ltd. 76,089 1,457,438 MindTree, Ltd. 7,080 52,570 MOIL, Ltd. 69,738 383,789 Mphasis, Ltd. 492,366 4,620,417 MRF, Ltd. 13,874 14,938,980 Muthoot Finance, Ltd. 312,747 2,312,090 * Nagarjuna Fertilizers & Chemicals, Ltd. 1,812,637 391,921 National Aluminium Co., Ltd. 4,964,081 5,414,637 Nava Bharat Ventures, Ltd. 190,437 408,183 * Navkar Corp., Ltd. 3,743 11,836 NCC, Ltd. 5,747,755 7,987,095 Nectar Lifesciences, Ltd. 268,595 129,446 NIIT Technologies, Ltd. 587,286 4,691,007 * NIIT, Ltd. 437,091 665,898 Nilkamal, Ltd. 64,897 1,892,908 NOCIL, Ltd. 63,951 143,858 * Oberoi Realty, Ltd. 689,845 4,126,635 * OCL India, Ltd. 105,395 2,022,530 Omaxe, Ltd. 722,220 2,302,211 OnMobile Global, Ltd. 309,728 311,577 Orient Cement, Ltd. 616,163 1,497,662 Oriental Bank of Commerce 975,550 2,242,879 * Parsvnath Developers, Ltd. 163,025 59,437 PC Jeweller, Ltd. 1,220,290 4,867,416 Persistent Systems, Ltd. 90,490 913,096 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ INDIA -- (Continued) Petronet LNG, Ltd. 5,407,548 $ 17,092,519 Phillips Carbon Black, Ltd. 7,518 68,364 Piramal Enterprises, Ltd. 737,179 33,938,271 * Polaris Consulting & Services, Ltd. 78,121 281,321 Polyplex Corp., Ltd. 7,729 55,663 Power Finance Corp., Ltd. 6,211,801 12,049,919 Prabhat Dairy, Ltd. 18,509 38,086 * Praj Industries, Ltd. 1,009,482 1,214,274 * Prakash Industries, Ltd. 100,349 222,843 * Prestige Estates Projects, Ltd. 291,676 1,222,625 * Prime Focus, Ltd. 22,625 39,499 PTC India Financial Services, Ltd. 3,282,338 2,055,866 PTC India, Ltd. 3,852,019 7,253,114 * Punjab National Bank 2,525,346 6,398,650 Puravankara, Ltd. 460,912 545,884 Radico Khaitan, Ltd. 657,505 1,443,344 Rain Industries, Ltd. 1,950,801 3,943,823 Rajesh Exports, Ltd. 17,376 192,818 Ramco Cements, Ltd. (The) 385,386 4,086,273 Ramkrishna Forgings, Ltd. 1,752 14,453 Rashtriya Chemicals & Fertilizers, Ltd. 262,479 356,185 * Ratnamani Metals & Tubes, Ltd. 3,941 50,362 Raymond, Ltd. 490,540 6,043,532 Redington India, Ltd. 1,954,409 4,558,670 Reliance Capital, Ltd. 1,766,396 19,864,368 * Reliance Communications, Ltd. 16,993,662 6,948,825 * Reliance Defence and Engineering, Ltd. 22,287 21,585 Reliance Industries, Ltd. 17,484,595 440,205,844 Reliance Industries, Ltd. GDR 49,034 2,428,981 * Reliance Power, Ltd. 9,323,446 6,560,849 * Rolta India, Ltd. 1,057,860 958,804 RSWM, Ltd. 2,943 18,183 * Ruchi Soya Industries, Ltd. 1,862,972 680,864 Rural Electrification Corp., Ltd. 9,208,929 25,089,651 Sadbhav Engineering, Ltd. 3,116 14,236 Sangam India, Ltd. 2,135 8,799 Sanghvi Movers, Ltd. 45,111 163,994 * Shipping Corp. of India, Ltd. 1,740,430 2,242,432 Shriram City Union Finance, Ltd. 3,265 116,376 Shriram Transport Finance Co., Ltd. 749,675 11,964,852 Simplex Infrastructures, Ltd. 50,747 380,734 Sintex Industries, Ltd. 4,322,083 2,509,809 * Sintex Plastics Technology, Ltd. 7,846,946 10,452,197 * Siyaram Silk Mills, Ltd. 663 21,563 Sobha, Ltd. 825,884 5,148,137 Sonata Software, Ltd. 219,589 571,472 South Indian Bank, Ltd. (The) 11,772,339 5,552,661 SREI Infrastructure Finance, Ltd. 1,890,601 3,446,968 SRF, Ltd. 271,206 6,418,337 State Bank of India 11,893,642 57,972,129 * Steel Authority of India, Ltd. 1,521,323 1,500,319 Sterlite Technologies, Ltd. 2,485,312 8,180,435 Sunteck Realty, Ltd. 93,356 333,763 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- -------------- INDIA -- (Continued) * Syndicate Bank 2,252,956 $ 2,584,915 TAKE Solutions, Ltd. 273,287 632,795 Tamil Nadu Newsprint & Papers, Ltd. 309,287 1,789,596 Tata Chemicals, Ltd. 1,763,982 17,009,572 Tata Global Beverages, Ltd. 5,236,799 13,887,808 * Tata Motors, Ltd. 14,885,959 103,118,811 Tata Motors, Ltd. Sponsored ADR 103,766 3,573,701 Tata Steel, Ltd. 5,231,202 46,278,636 Tech Mahindra, Ltd. 1,053,761 6,322,410 Techno Electric & Engineering Co., Ltd. 51,231 291,132 Tide Water Oil Co India, Ltd. 394 36,177 Time Technoplast, Ltd. 1,093,465 2,789,846 Titagarh Wagons, Ltd. 74,151 141,212 Transport Corp. of India, Ltd. 53,738 263,824 Trident, Ltd. 83,632 107,832 Tube Investments of India, Ltd. 592,499 7,211,330 TV Today Network, Ltd. 17,377 65,555 * TV18 Broadcast, Ltd. 6,333,197 3,946,957 * UCO Bank 3,123,377 1,617,437 Uflex, Ltd. 490,316 3,395,594 UFO Moviez India, Ltd. 14,533 85,040 Unichem Laboratories, Ltd. 390,108 1,607,084 * Union Bank of India 2,451,981 6,052,204 * Unitech, Ltd. 25,373,120 3,461,747 UPL, Ltd. 3,429,754 46,754,728 VA Tech Wabag, Ltd. 35,046 332,750 * Vardhman Textiles, Ltd. 255,600 4,872,805 Vedanta, Ltd. 20,561,794 89,572,487 Vedanta, Ltd. ADR 1,381,736 24,318,561 * Videocon Industries, Ltd. 769,833 297,465 Vijaya Bank 2,612,664 2,852,318 Welspun Corp., Ltd. 1,715,478 3,469,454 * Welspun Enterprises, Ltd. 861,475 1,825,850 Welspun India, Ltd. 941,794 1,207,795 Wipro, Ltd. 5,129,920 23,087,555 Wockhardt, Ltd. 276,374 2,617,813 Zee Media Corp., Ltd. 62,079 37,442 Zensar Technologies, Ltd. 164,214 2,051,357 Zuari Agro Chemicals, Ltd. 23,149 136,665 -------------- TOTAL INDIA 2,516,983,829 -------------- INDONESIA -- (2.8%) Adaro Energy Tbk PT 286,097,500 38,316,634 Adhi Karya Persero Tbk PT 16,287,500 2,712,037 Agung Podomoro Land Tbk PT 131,245,000 2,206,266 Alam Sutera Realty Tbk PT 210,694,700 5,092,641 * Aneka Tambang Persero Tbk PT 133,845,177 6,930,349 Asahimas Flat Glass Tbk PT 4,905,700 2,348,535 Astra Agro Lestari Tbk PT 1,966,767 2,173,335 Astra Graphia Tbk PT 436,900 55,107 * Bakrie and Brothers Tbk PT 459,725,450 1,725,178 * Bakrie Telecom Tbk PT 238,934,800 125,529 Bank Bukopin Tbk 64,881,433 2,895,615 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- INDONESIA -- (Continued) Bank Danamon Indonesia Tbk PT 35,799,554 $15,308,552 Bank Mandiri Persero Tbk PT 90,443,531 92,575,999 Bank Negara Indonesia Persero Tbk PT 102,370,741 57,195,988 * Bank Pan Indonesia Tbk PT 129,422,401 10,535,932 Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT 35,476,100 5,510,872 Bank Pembangunan Daerah Jawa Timur Tbk PT 12,948,500 611,965 Bank Rakyat Indonesia Persero Tbk PT 373,800 414,160 Bank Tabungan Negara Persero Tbk PT 78,268,627 15,271,439 * Barito Pacific Tbk PT 43,250,200 5,405,252 Bekasi Fajar Industrial Estate Tbk PT 40,977,800 953,275 * Benakat Integra Tbk PT 142,047,100 1,140,903 BISI International Tbk PT 13,394,400 1,538,544 Blue Bird Tbk PT 51,500 18,479 Bumi Serpong Damai Tbk PT 75,061,900 10,082,092 Ciputra Development Tbk PT 169,606,478 13,175,518 * Clipan Finance Indonesia Tbk PT 2,995,500 69,645 * Eagle High Plantations Tbk PT 115,969,500 1,896,991 Elnusa Tbk PT 58,940,900 1,185,843 * Energi Mega Persada Tbk PT 21,364,534 80,183 Erajaya Swasembada Tbk PT 21,002,800 1,008,382 * Eureka Prima Jakarta Tbk PT 1,297,300 11,388 * Ever Shine Textile Tbk PT 19,278,215 183,754 Gajah Tunggal Tbk PT 30,880,300 2,223,395 * Garuda Indonesia Persero Tbk PT 45,240,181 1,175,465 Global Mediacom Tbk PT 106,846,600 4,167,389 * Hanson International Tbk PT 48,742,700 475,594 * Harum Energy Tbk PT 15,370,500 2,539,089 Hexindo Adiperkasa Tbk PT 721,744 224,862 Holcim Indonesia Tbk PT 26,217,400 1,535,514 Indah Kiat Pulp & Paper Corp. Tbk PT 39,651,500 8,244,969 * Indika Energy Tbk PT 2,091,600 129,503 Indo Tambangraya Megah Tbk PT 4,073,100 6,113,966 Indocement Tunggal Prakarsa Tbk PT 333,500 437,766 Indofood Sukses Makmur Tbk PT 69,326,900 43,572,366 Intiland Development Tbk PT 111,734,800 3,371,302 Japfa Comfeed Indonesia Tbk PT 41,503,850 3,627,567 Jaya Real Property Tbk PT 120,489,300 7,462,050 Kawasan Industri Jababeka Tbk PT 307,071,056 7,327,668 KMI Wire & Cable Tbk PT 1,013,000 36,806 * Krakatau Steel Persero Tbk PT 4,599,500 205,364 * Lippo Cikarang Tbk PT 2,837,400 935,041 Lippo Karawaci Tbk PT 312,423,249 16,763,102 Malindo Feedmill Tbk PT 331,200 23,857 * Matahari Putra Prima Tbk PT 1,797,400 86,340 * Medco Energi Internasional Tbk PT 26,685,200 5,327,895 Metrodata Electronics Tbk PT 1,590,750 73,909 Mitra Pinasthika Mustika Tbk PT 1,984,700 125,926 * MNC Investama Tbk PT 332,569,700 2,720,401 Modernland Realty Tbk PT 89,667,000 1,870,797 Multipolar Tbk PT 68,776,700 1,074,061 * Nirvana Development Tbk PT 1,000,000 5,557 * Nusantara Infrastructure Tbk PT 179,929,000 1,822,740 Pabrik Kertas Tjiwi Kimia Tbk PT 929,000 82,273 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ INDONESIA -- (Continued) Pan Brothers Tbk PT 50,034,250 $ 1,896,335 * Panin Financial Tbk PT 204,627,100 3,837,849 * Paninvest Tbk PT 30,871,000 1,921,929 Pembangunan Perumahan Persero Tbk PT 11,049,400 2,514,082 Perusahaan Perkebunan London Sumatra Indonesia Tbk PT 61,071,984 6,459,241 Ramayana Lestari Sentosa Tbk PT 44,344,400 3,145,271 Salim Ivomas Pratama Tbk PT 51,843,000 1,984,676 Sampoerna Agro PT 12,001,241 1,809,926 Selamat Sempurna Tbk PT 37,871,900 3,198,467 Semen Baturaja Persero Tbk PT 13,731,000 3,400,868 Semen Indonesia Persero Tbk PT 14,298,900 10,672,572 * Sentul City Tbk PT 80,474,100 555,619 Sinar Mas Agro Resources & Technology Tbk PT 7,767,600 2,221,877 Sri Rejeki Isman Tbk PT 153,095,600 3,881,117 Surya Semesta Internusa Tbk PT 60,559,200 3,114,632 Tambang Batubara Bukit Asam Persero Tbk PT 288,900 283,987 * Tiga Pilar Sejahtera Food Tbk 33,271,822 3,258,757 Timah Persero Tbk PT 61,167,560 3,695,102 Tiphone Mobile Indonesia Tbk PT 7,827,700 737,368 Trias Sentosa Tbk PT 336,500 8,908 * Truba Alam Manunggal Engineering PT 129,244,500 106,701 Tunas Baru Lampung Tbk PT 22,947,600 2,558,193 Tunas Ridean Tbk PT 35,547,400 2,933,817 Ultrajaya Milk Industry & Trading Co. Tbk PT 7,626,400 2,860,077 Unggul Indah Cahaya Tbk PT 319,635 96,772 United Tractors Tbk PT 21,427,200 48,380,617 * Vale Indonesia Tbk PT 40,535,300 7,353,719 * Visi Media Asia Tbk PT 2,959,500 69,717 Wijaya Karya Beton Tbk PT 1,080,000 49,070 Wijaya Karya Persero Tbk PT 5,203,400 811,941 * XL Axiata Tbk PT 12,281,100 3,097,318 ------------ TOTAL INDONESIA 549,455,441 ------------ MALAYSIA -- (3.0%) Affin Holdings Bhd 10,815,350 6,491,948 AirAsia Bhd 16,927,400 12,762,651 * Alam Maritim Resources Bhd 2,405,400 75,837 Alliance Financial Group Bhd 15,784,300 14,492,446 Allianz Malaysia Bhd 28,800 97,506 AMMB Holdings Bhd 24,138,662 27,896,039 Ann Joo Resources Bhd 1,714,900 1,213,187 APM Automotive Holdings Bhd 721,300 645,219 Batu Kawan Bhd 2,076,050 9,211,825 Benalec Holdings Bhd 6,612,100 648,403 #* Berjaya Assets BHD 404,600 116,144 #* Berjaya Corp. Bhd 38,063,378 2,933,818 * Berjaya Land Bhd 13,220,000 1,327,215 BIMB Holdings Bhd 895,707 911,898 # Boustead Holdings Bhd 13,174,291 8,273,550 Boustead Plantations Bhd 1,553,800 602,228 #* Bumi Armada Bhd 25,619,100 4,188,805 Can-One Bhd 401,400 321,466 # CB Industrial Product Holding Bhd 1,722,100 816,423 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) Chin Teck Plantations Bhd 309,100 $ 568,226 CIMB Group Holdings Bhd 27,550,627 42,139,892 Coastal Contracts Bhd 3,357,500 1,034,733 # CSC Steel Holdings Bhd 2,012,556 799,060 Cypark Resources Bhd 125,100 73,598 * Daya Materials Bhd 8,420,400 147,256 * Dayang Enterprise Holdings Bhd 2,480,000 590,735 # DRB-Hicom Bhd 12,059,600 4,759,206 Eastern & Oriental Bhd 11,127,480 4,289,625 #* Eco World Development Group Bhd 3,186,000 1,168,110 # Evergreen Fibreboard Bhd 5,749,289 1,167,811 FAR East Holdings Bhd 403,800 812,829 # Felda Global Ventures Holdings Bhd 14,059,700 5,353,913 # Gadang Holdings Bhd 696,500 206,626 Genting Bhd 21,131,000 47,971,753 # Genting Malaysia Bhd 25,163,400 35,229,160 Glomac Bhd 6,061,500 927,168 Goldis Bhd 3,223,995 2,107,963 GuocoLand Malaysia Bhd 2,797,700 770,903 HAP Seng Consolidated Bhd 5,190,582 11,017,830 Hap Seng Plantations Holdings Bhd 3,368,400 2,044,781 * Hengyuan Refining Co. Bhd 91,300 167,544 Hiap Teck Venture Bhd 2,079,100 189,289 * Hibiscus Petroleum Bhd 2,918,300 276,255 Hong Leong Financial Group Bhd 2,819,234 11,273,966 Hong Leong Industries Bhd 751,800 1,840,787 Hua Yang Bhd 2,298,310 440,122 I-Bhd 84,900 11,598 IJM Corp. Bhd 41,760,218 33,839,919 Insas Bhd 5,781,700 1,417,361 IOI Properties Group Bhd 4,227,125 2,073,004 * Iris Corp. Bhd 21,834,300 865,457 #* Iskandar Waterfront City Bhd 1,175,800 340,211 * JAKS Resources Bhd 3,549,700 1,234,297 # Jaya Tiasa Holdings Bhd 5,549,833 1,451,925 JCY International Bhd 8,654,300 1,151,193 Keck Seng Malaysia Bhd 2,504,000 2,906,527 Kenanga Investment Bank Bhd 2,020,487 249,941 Kian JOO CAN Factory Bhd 4,626,680 3,219,826 Kim Loong Resources Bhd 92,700 86,595 Kimlun Corp. Bhd 845,419 454,185 #* KNM Group Bhd 26,846,090 1,535,861 Kretam Holdings Bhd 3,429,400 432,465 #* KSL Holdings Bhd 8,811,351 2,530,849 Kumpulan Fima Bhd 2,063,300 910,513 Kumpulan Perangsang Selangor Bhd 2,571,500 786,589 * Kwantas Corp. Bhd 288,400 97,698 Land & General Bhd 36,334,020 1,951,879 * Landmarks Bhd 2,119,208 422,705 # LBS Bina Group Bhd 3,985,500 1,833,566 * Lion Industries Corp. Bhd 215,600 57,889 # Magnum Bhd 5,540,900 2,212,862 Mah Sing Group Bhd 13,676,862 5,048,265 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- MALAYSIA -- (Continued) Malayan Banking Bhd 3,200,886 $ 7,132,192 Malayan Flour Mills Bhd 3,117,950 1,710,963 * Malayan United Industries Bhd 403,500 15,995 Malaysia Airports Holdings Bhd 2,407,954 4,919,469 Malaysia Building Society Bhd 8,414,436 2,416,503 * Malaysia Marine and Heavy Engineering Holdings Bhd 2,930,500 503,248 * Malaysian Bulk Carriers Bhd 4,604,925 757,763 Malaysian Pacific Industries Bhd 579,075 1,918,746 # Malaysian Resources Corp. Bhd 14,806,800 4,213,829 Malton Bhd 3,899,100 1,073,997 MBM Resources Bhd 2,674,203 1,403,684 Media Prima Bhd 6,626,700 1,392,694 Mega First Corp. Bhd 1,529,600 1,372,069 MISC Bhd 15,233,304 26,275,032 * MK Land Holdings Bhd 5,393,500 346,469 MKH Bhd 4,214,878 2,214,683 MMC Corp. Bhd 13,858,380 7,762,900 * MNRB Holdings Bhd 2,425,750 1,422,322 * Mudajaya Group Bhd 4,184,700 1,222,125 # Muhibbah Engineering M Bhd 4,040,600 2,641,632 * Mulpha International Bhd 2,200,960 1,239,917 * Naim Holdings Bhd 2,091,600 615,839 # Oriental Holdings Bhd 3,531,579 5,434,247 # OSK Holdings Bhd 7,687,071 2,871,015 Pacific & Orient Bhd 334,330 98,421 Panasonic Manufacturing Malaysia Bhd 326,880 2,824,328 Pantech Group Holdings Bhd 4,364,109 672,596 Paramount Corp. Bhd 1,682,125 722,719 * Parkson Holdings Bhd 7,046,328 913,011 PPB Group Bhd 6,399,366 25,191,519 Protasco Bhd 4,079,350 990,120 RHB Bank Bhd 12,383,600 14,462,405 * Rimbunan Sawit Bhd 6,810,000 707,691 * Salcon Bhd 695,083 83,587 Sapura Energy Bhd 30,545,700 10,990,616 # Sarawak Oil Palms Bhd 619,967 518,244 * Scomi Group Bhd 20,808,300 534,960 Selangor Dredging Bhd 1,352,800 360,187 Selangor Properties Bhd 75,300 85,474 Shangri-La Hotels Malaysia Bhd 603,800 704,805 SHL Consolidated Bhd 331,800 220,882 # SP Setia Bhd Group 6,131,658 4,739,691 Star Media Group Bhd 1,607,100 878,299 #* Sumatec Resources Bhd 2,855,100 33,340 # Sunway Bhd 10,301,859 10,297,157 # Supermax Corp. Bhd 6,336,800 2,840,893 Suria Capital Holdings Bhd 824,400 402,684 Symphony Life Bhd 735,324 164,021 # Ta Ann Holdings Bhd 2,330,026 1,904,545 TA Enterprise Bhd 20,370,200 2,879,665 TA Global Bhd 15,532,980 1,126,497 TAN Chong Motor Holdings Bhd 4,322,800 1,736,568 # TDM Bhd 13,722,720 1,794,954 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ MALAYSIA -- (Continued) TH Plantations Bhd 900,500 $ 235,523 Thong Guan Industries Bhd 47,600 46,470 Time dotCom Bhd 4,270,580 9,624,097 # Tiong NAM Logistics Holdings 1,320,000 542,305 # Tropicana Corp. Bhd 8,252,589 1,849,962 UEM Edgenta Bhd 1,330,200 839,708 #* UEM Sunrise Bhd 20,717,345 5,562,129 * UMW Holdings Bhd 982,200 1,337,425 #* UMW Oil & Gas Corp. Bhd 3,344,400 234,417 # Unisem M Bhd 6,705,300 6,008,185 United Malacca Bhd 960,500 1,424,382 United Plantations Bhd 128,700 831,658 UOA Development Bhd 7,856,700 4,770,965 * Vivocom International Holdings Bhd 1,144,800 37,209 VS Industry Bhd 429,865 221,025 Wah Seong Corp. Bhd 4,358,683 967,010 #* WCT Holdings Bhd 13,669,062 6,063,342 # WTK Holdings Bhd 5,641,250 1,138,953 #* YNH Property Bhd 6,907,725 2,290,102 YTL Corp. Bhd 83,523,850 27,305,188 * YTL Land & Development Bhd 2,897,200 389,110 ------------ TOTAL MALAYSIA 578,995,306 ------------ MEXICO -- (4.5%) # Alfa S.A.B. de C.V. Class A 35,173,331 48,820,840 Alpek S.A.B. de C.V. 4,125,775 4,741,657 * Axtel S.A.B. de C.V. 8,625,322 2,049,438 * Bio Pappel S.A.B. de C.V. 439,582 656,564 * Cemex S.A.B. de C.V. Sponsored ADR 14,768,082 143,398,081 # Coca-Cola Femsa S.A.B. de C.V. Series L 1,424,609 12,124,281 # Coca-Cola Femsa S.A.B. de C.V. Sponsored ADR 139,424 11,848,252 Consorcio ARA S.A.B. de C.V. Series * 9,308,776 3,121,662 * Corp Interamericana de Entretenimiento S.A.B. de C.V. Class B 1,560,786 1,486,045 # Corp. Actinver S.A.B. de C.V. 105,133 76,772 # Credito Real S.A.B. de C.V. SOFOM ER 594,727 1,053,321 Dine S.A.B. de C.V. 1,027,267 591,461 # El Puerto de Liverpool S.A.B. de C.V. Class C1 5,775 51,903 Fomento Economico Mexicano S.A.B. de C.V. Sponsored ADR 1,238,833 124,973,473 * Genomma Lab Internacional S.A.B. de C.V. Class B 195,581 251,034 * Grupo Aeromexico S.A.B. de C.V. 1,308,745 2,714,162 Grupo Aeroportuario del Pacifico S.A.B. de C.V. ADR 198,227 22,716,814 # Grupo Carso S.A.B. de C.V. Series A1 7,082,260 29,582,185 Grupo Cementos de Chihuahua S.A.B. de C.V. 2,599,566 13,575,714 Grupo Comercial Chedraui S.A. de C.V. 2,778,782 5,822,136 Grupo Elektra S.A.B. de C.V. 260,798 11,655,594 * Grupo Famsa S.A.B. de C.V. Class A 2,831,479 1,635,029 Grupo Financiero Banorte S.A.B. de C.V. Class O 19,417,984 128,696,977 # Grupo Financiero Inbursa S.A.B. de C.V. Class O 14,810,011 26,612,681 Grupo Financiero Interacciones SA de C.V. Class O 766,529 4,314,349 # Grupo Financiero Santander Mexico S.A.B. de C.V. Class B 4,513,225 9,255,882 Grupo Financiero Santander Mexico S.A.B. de C.V. Class B ADR 1,632,369 16,748,106 * Grupo Gigante S.A.B. de C.V. Series * 471,076 922,438 # Grupo Herdez S.A.B. de C.V. Series * 954,826 2,150,202 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ MEXICO -- (Continued) Grupo Industrial Saltillo S.A.B. de C.V. 1,346,804 $ 3,094,188 Grupo KUO S.A.B. de C.V. Series B 2,034,528 4,768,470 Grupo Mexico S.A.B. de C.V. Series B 39,173,644 127,516,510 * Grupo Pochteca S.A.B. de C.V. 67,810 27,006 * Grupo Posadas S.A.B. de C.V. 355,113 876,687 # Grupo Rotoplas S.A.B. de C.V. 17,266 28,456 Grupo Sanborns S.A.B. de C.V. 1,299,842 1,573,464 * Grupo Simec S.A.B. de C.V. Series B 1,113,111 3,974,124 * Grupo Sports World S.A.B. de C.V. 293,561 267,136 Industrias Bachoco S.A.B. de C.V. Series B 1,808,048 9,018,658 Industrias Bachoco S.A.B. de C.V. Sponsored ADR 40,783 2,439,231 * Industrias CH S.A.B. de C.V. Series B 2,014,328 9,762,461 Industrias Penoles S.A.B. de C.V. 156,507 3,841,795 #* La Comer S.A.B. de C.V. 5,414,652 5,489,929 Medica Sur S.A.B. de C.V. Series B 1,000 2,201 # Mexichem S.A.B. de C.V. 9,557,867 27,273,677 #* Minera Frisco S.A.B. de C.V. Class A1 7,198,230 4,585,195 # Nemak S.A.B. de C.V. 929,113 838,172 # Organizacion Cultiba S.A.B. de C.V. 170,021 154,716 * Organizacion Soriana S.A.B. de C.V. Class B 14,634,694 36,244,553 Qualitas Controladora S.A.B. de C.V. 1,569,014 2,601,730 # TV Azteca S.A.B. de C.V. 9,523,719 1,813,532 Vitro S.A.B. de C.V. Series A 1,503,590 6,750,847 ------------ TOTAL MEXICO 884,589,791 ------------ PHILIPPINES -- (1.0%) A Soriano Corp. 6,260,400 861,671 ACR Mining Corp. 105,455 7,014 Alliance Global Group, Inc. 32,067,606 9,123,093 Alsons Consolidated Resources, Inc. 20,894,000 579,302 * Atlas Consolidated Mining & Development Corp. 5,351,500 572,728 Ayala Corp. 60,470 1,035,965 Bank of the Philippine Islands 234,470 485,863 BDO Unibank, Inc. 14,122,559 35,216,730 Belle Corp. 2,401,000 180,322 Cebu Air, Inc. 2,321,160 4,645,810 Century Properties Group, Inc. 28,217,400 290,702 China Banking Corp. 653,971 472,300 Cosco Capital, Inc. 11,754,000 1,800,860 DMCI Holdings, Inc. 158,200 50,462 East West Banking Corp. 639,400 404,862 EEI Corp. 1,495,700 376,542 Emperador, Inc. 1,168,700 173,428 * Empire East Land Holdings, Inc. 24,178,000 359,417 Energy Development Corp. 8,862,600 1,048,538 Filinvest Development Corp. 142,800 21,636 Filinvest Land, Inc. 195,650,031 6,864,451 First Philippine Holdings Corp. 4,554,350 5,956,670 GT Capital Holdings, Inc. 104,345 2,509,316 Integrated Micro-Electronics, Inc. 1,397,700 365,681 JG Summit Holdings, Inc. 9,568,270 15,072,147 Lopez Holdings Corp. 34,670,100 4,807,916 LT Group, Inc. 16,595,400 5,791,101 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ PHILIPPINES -- (Continued) Megaworld Corp. 127,188,400 $ 12,098,329 Metropolitan Bank & Trust Co. 6,332,020 10,919,852 Nickel Asia Corp. 3,391,300 403,071 Pepsi-Cola Products Philippines, Inc. 709,000 44,970 Petron Corp. 18,348,800 3,440,509 Philex Mining Corp. 390,300 68,411 Philippine National Bank 4,847,873 6,436,113 * Philippine National Construction Corp. 398,900 7,265 Philippine Savings Bank 1,213,273 2,115,842 Phinma Corp. 468,267 96,002 Phinma Energy Corp. 25,692,000 972,205 Phoenix Petroleum Philippines, Inc. 1,367,700 330,231 RFM Corp. 976,000 86,983 Rizal Commercial Banking Corp. 4,653,148 5,255,664 Robinsons Land Corp. 28,198,650 14,367,563 Robinsons Retail Holdings, Inc. 451,100 774,729 San Miguel Corp. 6,797,176 13,683,419 San Miguel Pure Foods Co., Inc. 65,450 399,543 Security Bank Corp. 1,805,854 8,372,083 * SSI Group, Inc. 979,000 84,317 STI Education Systems Holdings, Inc. 5,279,000 154,748 * Top Frontier Investment Holdings, Inc. 628,532 3,798,989 Travellers International Hotel Group, Inc. 2,615,200 174,557 Union Bank of the Philippines 4,413,349 7,544,750 Vista Land & Lifescapes, Inc. 76,752,568 9,107,936 ------------ TOTAL PHILIPPINES 199,812,608 ------------ POLAND -- (1.6%) * Agora SA 578,734 2,560,714 * Alior Bank SA 75,980 1,353,518 Asseco Poland SA 1,246,892 15,673,208 Bank Handlowy w Warszawie SA 11,944 235,970 * Bank Millennium SA 4,094,917 8,788,083 * Ciech SA 141,237 2,267,676 Cyfrowy Polsat SA 45,237 322,457 # Enea SA 2,423,548 10,215,972 Firma Oponiarska Debica SA 69,524 2,109,183 #* Getin Holding SA 2,977,249 1,101,335 #* Getin Noble Bank SA 1,094,168 428,825 Grupa Azoty SA 188,442 3,685,708 Grupa Kety SA 74,534 8,677,606 #* Grupa Lotos SA 1,590,829 21,496,019 * Impexmetal SA 3,948,513 4,833,978 Kernel Holding SA 429,522 7,599,361 KGHM Polska Miedz SA 1,523,681 51,837,640 LC Corp. SA 1,199,107 637,271 Lubelski Wegiel Bogdanka SA 16,512 329,492 * mBank SA 4,616 583,898 Netia SA 4,419,154 4,865,363 Orbis SA 482,607 11,475,715 PGE Polska Grupa Energetyczna SA 12,172,462 44,358,652 * PKP Cargo SA 24,007 413,974 Polski Koncern Naftowy Orlen SA 2,767,502 81,938,544 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ POLAND -- (Continued) * Powszechna Kasa Oszczednosci Bank Polski SA 2,080,474 $ 21,300,825 * Tauron Polska Energia SA 10,676,446 11,314,776 Trakcja SA 627,176 2,368,922 * Vistula Group SA 54,605 51,041 ------------ TOTAL POLAND 322,825,726 ------------ RUSSIA -- (1.5%) * AFI Development P.L.C. GDR 31,827 5,444 Gazprom PJSC Sponsored ADR 38,007,627 147,953,430 Lukoil PJSC Sponsored ADR(BYZDW2900) 1,526,223 71,114,727 Lukoil PJSC Sponsored ADR(69343P105) 1,145,002 53,975,394 Magnitogorsk Iron & Steel Works PJSC Sponsored GDR 1,070,086 7,966,104 Ros Agro P.L.C. GDR 2,630 31,560 Rosneft Oil Co. PJSC GDR 1,055,793 5,416,218 RusHydro PJSC ADR 8,278,946 10,349,039 ------------ TOTAL RUSSIA 296,811,916 ------------ SOUTH AFRICA -- (6.6%) Adcorp Holdings, Ltd. 928,995 994,035 Aeci, Ltd. 1,553,804 12,492,999 African Oxygen, Ltd. 47,765 68,171 #* African Phoenix Investments, Ltd. 9,264,952 499,331 African Rainbow Minerals, Ltd. 1,736,757 12,372,764 Alexander Forbes Group Holdings, Ltd. 1,587,712 815,176 * Allied Electronics Corp., Ltd. Class A 13,724 12,621 Alviva Holdings, Ltd. 902,939 1,393,412 * Anglo American Platinum, Ltd. 288,595 7,067,243 AngloGold Ashanti, Ltd. 975,942 9,859,997 # AngloGold Ashanti, Ltd. Sponsored ADR 2,496,376 25,013,687 * ArcelorMittal South Africa, Ltd. 2,390,579 910,095 Assore, Ltd. 10,627 172,113 * Aveng, Ltd. 7,294,153 2,885,570 # Barclays Africa Group, Ltd. 5,739,415 63,006,744 Barloworld, Ltd. 4,711,443 42,397,683 Blue Label Telecoms, Ltd. 2,410,396 3,099,903 #* Brait SE 2,535,484 12,095,213 Caxton and CTP Publishers and Printers, Ltd. 3,089,885 2,872,986 Clover Industries, Ltd. 1,395,079 1,774,875 * Consolidated Infrastructure Group, Ltd. 703,402 843,136 DataTec, Ltd. 3,584,698 15,620,067 # DRDGOLD, Ltd. 5,384,649 1,797,465 * enX Group, Ltd. 361,828 434,355 * Evraz Highveld Steel and Vanadium, Ltd. 120,337 226 Exxaro Resources, Ltd. 2,328,068 19,223,997 Gold Fields, Ltd. 2,955,389 11,789,797 # Gold Fields, Ltd. Sponsored ADR 12,800,244 51,072,974 #* Grindrod, Ltd. 7,514,882 7,058,227 Group Five, Ltd. 1,708,539 2,208,410 Harmony Gold Mining Co., Ltd. 1,877,478 3,355,157 Harmony Gold Mining Co., Ltd. Sponsored ADR 491,788 890,136 Hudaco Industries, Ltd. 118,362 1,133,177 Hulamin, Ltd. 1,953,365 948,860 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- -------------- SOUTH AFRICA -- (Continued) * Impala Platinum Holdings, Ltd. 5,228,472 $ 13,960,073 # Imperial Holdings, Ltd. 2,144,069 28,320,761 # Investec, Ltd. 3,376,347 25,268,899 Invicta Holdings, Ltd. 36,668 148,786 KAP Industrial Holdings, Ltd. 1,143,918 696,488 * Kumba Iron Ore, Ltd. 433,832 6,475,373 # Lewis Group, Ltd. 1,830,399 4,277,861 Liberty Holdings, Ltd. 1,721,995 14,773,160 Merafe Resources, Ltd. 24,571,877 2,534,839 Metair Investments, Ltd. 1,390,838 2,046,734 MMI Holdings, Ltd. 17,679,587 27,729,389 Mpact, Ltd. 2,663,442 5,559,819 # MTN Group, Ltd. 15,241,314 137,047,098 Murray & Roberts Holdings, Ltd. 6,887,754 7,238,816 * Nampak, Ltd. 3,752,922 5,442,667 # Nedbank Group, Ltd. 3,003,198 49,950,633 Omnia Holdings, Ltd. 606,938 6,266,893 Peregrine Holdings, Ltd. 854,949 1,944,794 #* PPC, Ltd. 3,118,003 1,130,263 Raubex Group, Ltd. 2,133,512 3,837,763 RCL Foods, Ltd. 101,638 122,571 Reunert, Ltd. 674,555 3,679,646 * Royal Bafokeng Platinum, Ltd. 469,845 1,093,252 Sappi, Ltd. 7,508,496 49,736,819 Sasol, Ltd. 4,145,981 124,968,169 # Sasol, Ltd. Sponsored ADR 1,735,363 52,303,841 Sibanye Gold, Ltd. 388,257 495,567 # Sibanye Gold, Ltd. Sponsored ADR 2,355,355 12,153,632 # Standard Bank Group, Ltd. 16,569,484 205,839,086 * Stefanutti Stocks Holdings, Ltd. 526,548 123,996 # Steinhoff International Holdings NV 25,059,548 125,397,116 * Super Group, Ltd. 4,316,323 11,936,766 Telkom SA SOC, Ltd. 5,017,373 24,765,560 Tongaat Hulett, Ltd. 1,428,293 12,869,768 Trencor, Ltd. 1,507,605 4,031,156 Wilson Bayly Holmes-Ovcon, Ltd. 487,561 5,065,616 -------------- TOTAL SOUTH AFRICA 1,295,414,272 -------------- SOUTH KOREA -- (16.6%) #* Ace Technologies Corp. 162,428 627,959 AJ Networks Co., Ltd. 6,134 38,098 #* AJ Rent A Car Co., Ltd. 267,287 2,414,325 * Ajin Industrial Co., Ltd. 29,353 176,414 * Amotech Co., Ltd. 8,009 193,273 # Asia Cement Co., Ltd. 15,230 1,183,407 # ASIA Holdings Co., Ltd. 22,087 2,250,531 # Asia Paper Manufacturing Co., Ltd. 67,385 1,198,260 * Asiana Airlines, Inc. 457,503 2,114,524 #* AUK Corp. 396,786 886,038 # Austem Co., Ltd. 205,571 645,330 # Avaco Co., Ltd. 73,660 493,354 * BH Co., Ltd. 39,972 740,100 Bluecom Co., Ltd. 18,491 141,439 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ----------- SOUTH KOREA -- (Continued) BNK Financial Group, Inc. 3,021,010 $30,525,964 # Bookook Securities Co., Ltd. 29,302 688,763 * Bubang Co., Ltd. 6,672 20,913 # BYC Co., Ltd. 752 239,625 #* Capro Corp. 87,634 471,565 * Chemtronics Co., Ltd. 2,758 18,702 * China Great Star International, Ltd. 655,138 791,158 Chinyang Holdings Corp. 83,580 238,409 # Chokwang Paint, Ltd. 64,014 662,852 # Chongkundang Holdings Corp. 2,961 176,432 Chosun Refractories Co., Ltd. 9,716 776,120 CJ Hellovision Co., Ltd. 200,703 1,562,190 CJ O Shopping Co., Ltd. 3,953 702,456 # CKD Bio Corp. 20,325 386,139 Cosmax BTI, Inc. 9,302 207,349 * Cosmochemical Co., Ltd. 80,449 801,334 # Dae Dong Industrial Co., Ltd. 155,086 985,035 Dae Han Flour Mills Co., Ltd. 14,612 2,468,048 # Dae Hyun Co., Ltd. 222,796 590,117 # Dae Won Kang Up Co., Ltd. 255,039 986,589 #* Dae Young Packaging Co., Ltd. 1,203,471 942,170 # Dae-Il Corp. 71,782 673,106 #* Daechang Co., Ltd. 526,706 562,513 Daechang Forging Co., Ltd. 956 56,037 Daeduck Electronics Co. 357,867 3,579,054 # Daeduck GDS Co., Ltd. 300,804 5,075,032 # Daegu Department Store 71,060 806,880 # Daehan Steel Co., Ltd. 217,003 2,695,459 Daekyo Co., Ltd. 184,455 1,356,959 Daelim B&Co Co., Ltd. 5,133 37,133 Daelim C&S Co., Ltd. 2,678 39,704 Daelim Industrial Co., Ltd. 292,271 23,950,817 # Daesang Corp. 142,338 3,268,801 # Daesang Holdings Co., Ltd. 171,184 1,675,184 # Daesung Holdings Co., Ltd. 42,463 344,494 Daewon San Up Co., Ltd. 35,547 233,986 * Daewoo Engineering & Construction Co., Ltd. 264,196 1,935,006 * Daewoo Shipbuilding & Marine Engineering Co., Ltd. 491,004 368,566 * Dahaam E-Tec Co., Ltd. 3,535 10,661 Daishin Securities Co., Ltd. 629,382 8,607,482 # Daou Data Corp. 20,273 220,007 Daou Technology, Inc. 400,563 7,961,940 #* Dasan Networks, Inc. 134,840 644,403 Dayou Automotive Seat Technology Co., Ltd. 34,280 41,035 * Dayou Plus Co., Ltd. 51,812 45,735 DCM Corp. 5,497 65,349 DGB Financial Group, Inc. 1,659,303 17,725,721 # Display Tech Co., Ltd. 43,544 157,651 Dong Ah Tire & Rubber Co., Ltd. 102,583 2,523,640 Dong-A Socio Holdings Co., Ltd. 5,512 635,939 # Dong-Ah Geological Engineering Co., Ltd. 133,757 1,636,276 Dong-Il Corp. 18,581 957,795 # Dongbang Transport Logistics Co., Ltd. 302,271 456,474 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) * DONGBU Co., Ltd. 496,039 $ 329,673 * Dongbu Securities Co., Ltd. 416,559 1,489,355 # Dongil Industries Co., Ltd. 18,615 1,247,582 #* Dongkook Industrial Co., Ltd. 445,064 886,753 # Dongkuk Industries Co., Ltd. 307,351 1,299,049 Dongkuk Steel Mill Co., Ltd. 969,675 12,430,815 DONGSUNG Corp. 150,599 869,401 Dongwha Enterprise Co., Ltd. 488 15,896 # Dongwha Pharm Co., Ltd. 64,082 468,435 Dongwon Development Co., Ltd. 190,824 852,759 #* Dongwoo Farm To Table Co., Ltd. 14,971 56,655 # Dongyang E&P, Inc. 35,199 413,325 # Doosan Corp. 109,063 11,499,757 * Doosan Engine Co., Ltd. 112,890 416,282 # Doosan Heavy Industries & Construction Co., Ltd. 525,053 9,667,134 #* Doosan Infracore Co., Ltd. 1,948,868 14,024,780 # DRB Holding Co., Ltd. 121,656 1,036,078 DY Corp. 241,543 1,554,531 # e-LITECOM Co., Ltd. 87,616 729,924 E-MART, Inc. 208,708 47,378,617 # Eagon Industrial, Ltd. 74,065 625,337 # Easy Bio, Inc. 136,168 841,998 # Elentec Co., Ltd. 157,400 707,061 # Eugene Corp. 666,799 3,752,990 #* Eugene Investment & Securities Co., Ltd. 1,113,895 3,673,531 Eusu Holdings Co., Ltd. 61,491 418,532 # EVERDIGM Corp. 23,542 260,767 #* FarmStory Co., Ltd. 404,990 519,385 # Fine Technix Co., Ltd. 194,816 423,243 Fursys, Inc. 28,479 851,553 # Gaon Cable Co., Ltd. 27,059 623,556 #* Global Display Co., Ltd. 32,534 115,249 GOLFZONNEWDIN Co., Ltd. 176,033 884,533 #* GS Engineering & Construction Corp. 498,408 14,172,615 #* GS Global Corp. 717,091 1,986,139 GS Holdings Corp. 706,384 47,615,284 Gwangju Shinsegae Co., Ltd. 6,147 1,348,029 * Halla Corp. 85,365 378,468 # Halla Holdings Corp. 100,341 5,913,160 Han Kuk Carbon Co., Ltd. 147,844 791,772 Hana Financial Group, Inc. 3,032,933 138,384,065 #* Hana Micron, Inc. 122,707 555,627 Handsome Co., Ltd. 130,182 4,199,666 Hanil Cement Co., Ltd. 56,106 6,212,060 #* Hanjin Heavy Industries & Construction Co., Ltd. 571,915 2,266,382 * Hanjin Heavy Industries & Construction Holdings Co., Ltd. 186,144 944,351 #* Hanjin Kal Corp. 388,211 8,157,897 # Hanjin Transportation Co., Ltd. 131,754 3,716,155 # Hankuk Glass Industries, Inc. 17,640 486,635 # Hankuk Paper Manufacturing Co., Ltd. 38,167 1,007,808 HanmiGlobal Co., Ltd. 13,645 144,410 # Hanshin Construction 34,119 620,404 #* Hansol Holdings Co., Ltd. 600,100 3,340,803 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) #* Hansol HomeDeco Co., Ltd. 1,061,281 $ 1,413,176 Hansol Paper Co., Ltd. 145,933 2,477,714 Hanwha Chemical Corp. 1,512,674 45,594,235 Hanwha Corp. 740,315 32,380,123 #* Hanwha Galleria Timeworld Co., Ltd. 2,375 60,492 Hanwha General Insurance Co., Ltd. 312,123 2,802,973 #* Hanwha Investment & Securities Co., Ltd. 915,980 3,009,335 # Hanwha Life Insurance Co., Ltd. 2,951,007 19,911,350 #* Hanwha Techwin Co., Ltd. 38,768 1,383,625 # Hanyang Securities Co., Ltd. 92,428 676,514 # Harim Holdings Co., Ltd. 169,922 633,408 # Heung-A Shipping Co., Ltd. 1,840,719 2,180,725 * Heungkuk Fire & Marine Insurance Co., Ltd. 3,899 23,167 Hite Jinro Co., Ltd. 26,408 565,156 Hitejinro Holdings Co., Ltd. 120,661 1,245,423 # HMC Investment Securities Co., Ltd. 253,009 2,690,557 # HS R&A Co., Ltd. 444,400 1,173,126 # Humax Co., Ltd. 213,284 2,058,071 # Huons Global Co., Ltd. 16,573 516,095 # Huvis Corp. 93,994 684,731 # Hwa Shin Co., Ltd. 225,769 1,161,654 # Hwacheon Machine Tool Co., Ltd. 14,227 755,249 Hwangkum Steel & Technology Co., Ltd. 47,571 387,805 HwaSung Industrial Co., Ltd. 83,372 1,132,373 Hy-Lok Corp. 32,474 668,738 # Hyundai BNG Steel Co., Ltd. 143,306 1,645,201 * Hyundai Construction Equipment Co., Ltd. 1,831 599,671 # Hyundai Corp Holdings Inc. 11,472 151,217 Hyundai Corp. 77,699 1,412,815 Hyundai Department Store Co., Ltd. 192,187 19,066,706 #* Hyundai Electric & Energy System Co., Ltd. 4,408 1,276,254 Hyundai Engineering & Construction Co., Ltd. 837,183 33,857,748 Hyundai Engineering Plastics Co., Ltd. 35,356 219,665 # Hyundai Greenfood Co., Ltd. 206,999 3,381,347 #* Hyundai Heavy Industries Co., Ltd. 329,681 51,369,241 Hyundai Home Shopping Network Corp. 22,706 2,798,723 Hyundai Hy Communications & Networks Co., Ltd. 339,011 1,266,339 Hyundai Marine & Fire Insurance Co., Ltd. 49,244 1,997,883 #* Hyundai Mipo Dockyard Co., Ltd. 107,076 10,278,363 Hyundai Mobis Co., Ltd. 602,629 132,438,032 Hyundai Motor Co. 1,864,864 241,417,148 #* Hyundai Robotics Co., Ltd. 30,906 12,165,759 Hyundai Steel Co. 1,193,372 66,812,885 # Hyundai Wia Corp. 216,602 13,359,165 # Ilji Technology Co., Ltd. 16,833 77,733 * Iljin Display Co., Ltd. 36,252 254,265 # Iljin Electric Co., Ltd. 246,467 994,057 Iljin Holdings Co., Ltd. 11,969 61,753 # Ilshin Spinning Co., Ltd. 18,983 2,061,667 # Ilsung Pharmaceuticals Co., Ltd. 9,407 1,105,066 iMarketKorea, Inc. 55,884 636,606 Industrial Bank of Korea 2,341,087 32,339,975 * InnoWireless, Inc. 1,805 23,147 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) # Intergis Co., Ltd. 49,180 $ 138,671 Interpark Holdings Corp. 394,929 2,022,249 INTOPS Co., Ltd. 179,814 1,885,583 # Inzi Controls Co., Ltd. 89,540 408,542 # INZI Display Co., Ltd. 244,705 412,018 # ISU Chemical Co., Ltd. 144,194 2,307,581 # IsuPetasys Co., Ltd. 260,960 1,009,163 Jahwa Electronics Co., Ltd. 41,865 698,075 JB Financial Group Co., Ltd. 1,048,577 6,496,148 Kangnam Jevisco Co., Ltd. 38,897 1,407,705 KB Financial Group, Inc. 624,732 33,217,106 # KB Financial Group, Inc. ADR 2,925,241 155,622,821 # KC Green Holdings Co., Ltd. 37,685 208,409 # KCC Corp. 54,579 21,271,109 KCC Engineering & Construction Co., Ltd. 1,770 17,074 * KEC Corp. 476,623 411,434 # Keyang Electric Machinery Co., Ltd. 187,531 806,072 # KG Chemical Corp. 73,410 1,024,448 KG Eco Technology Service Co., Ltd. 301,386 1,213,824 KGMobilians Co., Ltd. 28,110 186,383 # KH Vatec Co., Ltd. 153,792 1,143,429 # Kia Motors Corp. 3,534,567 115,498,267 # KISCO Corp. 64,894 2,508,001 # KISCO Holdings Co., Ltd. 12,088 813,257 # Kishin Corp. 107,298 452,625 KISWIRE, Ltd. 89,965 3,166,070 #* KleanNara Co., Ltd. 95,819 428,192 * KMH Co., Ltd. 42,370 393,778 Kolao Holdings 83,871 414,661 # Kolon Corp. 5,385 297,880 Kolon Global Corp. 15,746 178,851 # Kolon Industries, Inc. 237,409 13,934,822 # Komelon Corp. 31,555 272,336 * KONA I Co., Ltd. 2,101 24,606 # Kook Soon Dang Brewery Co., Ltd. 112,565 647,888 # Korea Alcohol Industrial Co., Ltd. 80,101 583,039 # Korea Circuit Co., Ltd. 151,297 1,816,813 Korea Electric Terminal Co., Ltd. 7,650 482,545 Korea Export Packaging Industrial Co., Ltd. 5,290 91,241 # Korea Flange Co., Ltd. 67,906 815,445 Korea Investment Holdings Co., Ltd. 464,428 29,550,509 * Korea Line Corp. 76,045 2,193,483 Korea Petrochemical Ind Co., Ltd. 300 69,198 Korean Reinsurance Co. 968,873 11,169,283 # Kortek Corp. 110,330 1,380,510 # KPX Chemical Co., Ltd. 17,639 1,122,310 KSS LINE, Ltd. 82,558 722,627 KT Submarine Co., Ltd. 8,222 33,506 * KTB Investment & Securities Co., Ltd. 638,122 2,045,359 KTCS Corp. 262,143 558,873 Ktis Corp. 52,974 153,572 # Kukdo Chemical Co., Ltd. 53,699 2,744,426 Kukdong Oil & Chemicals Co., Ltd. 26,930 82,172 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) #* Kumho Electric Co., Ltd. 44,161 $ 392,553 # Kumho Industrial Co., Ltd. 12,566 126,939 #* Kumho Tire Co., Inc. 265,018 1,787,244 Kumkang Kind Co., Ltd. 7,896 265,892 Kwang Dong Pharmaceutical Co., Ltd. 32,278 243,032 Kwangju Bank Co., Ltd. 191,693 2,372,578 #* Kyeryong Construction Industrial Co., Ltd. 38,242 611,071 Kyobo Securities Co., Ltd. 232,617 2,183,116 # Kyung-In Synthetic Corp. 59,228 210,270 # Kyungbang, Ltd. 141,679 2,063,983 # Kyungchang Industrial Co., Ltd. 28,508 124,986 # LEADCORP, Inc. (The) 145,879 985,580 LF Corp. 238,705 6,689,722 LG Corp. 793,859 53,480,373 # LG Display Co., Ltd. 1,493,377 42,139,535 # LG Display Co., Ltd. ADR 4,048,932 57,616,302 # LG Electronics, Inc. 1,692,217 101,439,280 LG Hausys, Ltd. 43,873 4,311,816 LG International Corp. 233,369 6,131,063 LG Uplus Corp. 906,497 13,476,281 # LMS Co., Ltd. 18,300 191,128 Lock & Lock Co., Ltd. 8,142 97,874 Lotte Chilsung Beverage Co., Ltd. 7,771 11,210,851 Lotte Confectionery Co., Ltd. 16,259 2,957,095 LOTTE Fine Chemical Co., Ltd. 85,030 3,284,225 Lotte Food Co., Ltd. 3,912 2,182,296 LOTTE Himart Co., Ltd. 116,741 7,260,575 Lotte Non-Life Insurance Co., Ltd. 352,335 969,705 Lotte Shopping Co., Ltd. 123,317 28,966,882 LS Corp. 166,539 12,518,588 * Lumens Co., Ltd. 303,677 1,101,243 MegaStudy Co., Ltd. 8,592 231,825 MegaStudyEdu Co., Ltd. 2,475 78,020 Meritz Financial Group, Inc. 61,217 831,484 Meritz Securities Co., Ltd. 595,647 2,772,531 Mi Chang Oil Industrial Co., Ltd. 5,949 476,276 # Mirae Asset Daewoo Co., Ltd. 2,595,359 25,176,264 Mirae Asset Life Insurance Co., Ltd. 350,454 1,644,840 # MK Electron Co., Ltd. 200,907 2,009,527 #* MNTech Co., Ltd. 196,288 1,242,756 Mobase Co., Ltd. 41,625 294,766 # Moorim P&P Co., Ltd. 356,110 1,492,800 #* Moorim Paper Co., Ltd. 210,130 512,790 # Motonic Corp. 77,783 687,844 * Namsun Aluminum Co., Ltd. 20,402 22,338 Namyang Dairy Products Co., Ltd. 3,678 2,405,848 * Neowiz 44,731 481,639 #* NEOWIZ HOLDINGS Corp. 76,012 1,041,845 # Nexen Corp. 209,515 1,653,051 Nexen Tire Corp. 25,503 303,142 # NH Investment & Securities Co., Ltd. 1,779,135 22,504,245 #* NHN Entertainment Corp. 75,405 5,167,691 # Nong Shim Holdings Co., Ltd. 24,792 2,425,435 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) NongShim Co., Ltd. 14,248 $ 4,066,714 NOROO Paint & Coatings Co., Ltd. 75,288 587,866 # NPC 116,690 666,498 # OCI Co., Ltd. 161,730 13,340,018 Opto Device Technology Co., Ltd. 26,621 182,759 #* Paik Kwang Industrial Co., Ltd. 23,328 55,411 #* Pan Ocean Co., Ltd. 1,075,661 5,600,663 Pang Rim Co., Ltd. 3,201 62,452 #* PaperCorea, Inc. 340,867 91,714 #* Paru Co., Ltd. 8,353 49,057 # Poongsan Corp. 350,209 15,548,320 Poongsan Holdings Corp. 58,844 3,018,167 POSCO 591,774 176,830,850 POSCO Sponsored ADR 1,500,406 112,710,499 POSCO Coated & Color Steel Co., Ltd. 16,948 483,820 Posco Daewoo Corp. 192,674 4,045,939 #* Power Logics Co., Ltd. 285,879 1,195,018 # Pyeong Hwa Automotive Co., Ltd. 189,657 2,431,207 #* RFTech Co., Ltd. 129,348 625,440 * S&T Dynamics Co., Ltd. 351,780 2,924,779 # S&T Holdings Co., Ltd. 112,070 1,653,682 S&T Motiv Co., Ltd. 42,538 2,019,771 # S-Energy Co., Ltd. 28,801 235,018 # Sajo Industries Co., Ltd. 31,047 2,122,534 Sam Young Electronics Co., Ltd. 167,169 2,053,521 # Sambo Motors Co., Ltd. 14,459 70,388 Samho Development Co., Ltd. 146,072 654,769 # SAMHWA Paints Industrial Co., Ltd. 50,050 394,155 # Samick Musical Instruments Co., Ltd. 313,015 542,496 #* Samji Electronics Co., Ltd. 88,645 655,770 #* Samjin LND Co., Ltd. 92,054 235,139 Samkee Automotive Co., Ltd. 14,490 47,403 Sammok S-Form Co., Ltd. 70,142 860,851 * SAMPYO Cement Co., Ltd. 78,703 271,483 Samsung Card Co., Ltd. 237,498 8,422,274 Samsung Electro-Mechanics Co., Ltd. 284,226 23,736,574 #* Samsung Heavy Industries Co., Ltd. 2,281,752 22,834,653 Samsung Life Insurance Co., Ltd. 560,206 62,824,488 Samsung SDI Co., Ltd. 423,312 63,609,814 Samsung Securities Co., Ltd. 572,940 20,768,104 Samyang Corp. 21,992 1,995,742 Samyang Holdings Corp. 47,871 4,920,517 Samyang Tongsang Co., Ltd. 19,826 878,414 #* Samyoung Chemical Co., Ltd. 258,455 340,586 # SAVEZONE I&C Corp. 88,237 394,995 SBS Media Holdings Co., Ltd. 488,064 1,324,040 # Seah Besteel Corp. 210,250 6,545,632 # SeAH Holdings Corp. 12,963 1,865,639 SeAH Steel Corp. 47,195 4,100,210 Sebang Co., Ltd. 150,152 1,993,027 Sebang Global Battery Co., Ltd. 78,835 2,731,091 # Sejong Industrial Co., Ltd. 155,601 1,188,930 # Sejoong Co., Ltd. 74,223 240,752 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ --------- ------------ SOUTH KOREA -- (Continued) Seohan Co., Ltd. 11,686 $ 26,281 Seohee Construction Co., Ltd. 1,659,207 1,862,070 Seoyon Co., Ltd. 108,978 959,679 Seoyon E-Hwa Co., Ltd. 2,267 27,253 Sewon Precision Industry Co., Ltd. 3,019 44,518 * SFA Semicon Co, Ltd. 56,493 151,349 #* SG Corp. 59,208 53,963 #* SG&G Corp. 346,094 1,181,464 Shinhan Financial Group Co., Ltd. 3,333,356 158,424,296 # Shinhan Financial Group Co., Ltd. ADR 1,502,802 71,413,150 Shinsegae Engineering & Construction Co., Ltd. 2,952 85,316 # Shinsegae Information & Communication Co., Ltd. 13,644 1,005,261 # Shinsegae, Inc. 107,142 22,769,457 #* Shinsung Tongsang Co., Ltd. 920,641 817,162 Shinwha Intertek Corp. 12,743 35,442 #* Shinwon Corp. 82,700 141,255 Shinyoung Securities Co., Ltd. 41,953 2,215,406 #* Signetics Corp. 784,046 970,628 # Silla Co., Ltd. 64,953 829,925 #* SIMMTECH HOLDINGS Co., Ltd. 3,959 9,946 SIMPAC, Inc. 63,983 264,791 Sindoh Co., Ltd. 58,026 2,988,553 SJM Co., Ltd. 11,075 57,500 # SK Chemicals Co., Ltd. 148,155 9,064,650 SK Gas, Ltd. 57,310 5,889,074 SK Innovation Co., Ltd. 879,496 138,807,251 SK Networks Co., Ltd. 1,515,644 8,573,899 #* SK Securities Co., Ltd. 2,262,158 2,618,317 SKC Co., Ltd. 263,544 8,530,611 SL Corp. 236,436 4,698,884 # Ssangyong Cement Industrial Co., Ltd. 315,218 4,039,382 * Ssangyong Information & Communication 84,708 159,798 * Ssangyong Motor Co. 13,816 77,005 # Sun Kwang Co., Ltd. 25,998 423,967 # Sunchang Corp. 50,531 447,640 # Sung Kwang Bend Co., Ltd. 156,885 1,386,825 # Sungchang Enterprise Holdings, Ltd. 326,002 842,366 # Sungdo Engineering & Construction Co., Ltd. 83,526 500,114 #* Sungshin Cement Co., Ltd. 265,760 1,758,018 Sungwoo Hitech Co., Ltd. 528,973 3,374,192 # Tae Kyung Industrial Co., Ltd. 120,772 540,153 Taekwang Industrial Co., Ltd. 5,092 5,618,497 #* Taewoong Co., Ltd. 86,885 1,772,735 * Taeyoung Engineering & Construction Co., Ltd. 608,502 5,012,405 Tailim Packaging Co., Ltd. 26,989 61,987 * TBH Global Co., Ltd. 191,949 1,833,212 #* Thinkware Systems Corp. 55,627 568,895 #* TK Chemical Corp. 655,365 1,298,524 TK Corp. 104,236 894,805 # Tong Yang Moolsan Co., Ltd. 435,710 730,172 Tongyang Life Insurance Co., Ltd. 521,662 4,536,552 Tongyang pile, Inc. 3,143 20,163 Tongyang, Inc. 200,392 399,772 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- -------------- SOUTH KOREA -- (Continued) # Top Engineering Co., Ltd. 104,589 $ 634,525 # Tovis Co., Ltd. 103,284 826,771 # TS Corp. 71,881 1,692,016 # Ubiquoss Holdings, Inc. 73,750 423,306 * Ubiquoss, Inc. 3,568 63,937 # UIL Co., Ltd. 51,186 320,799 # Uju Electronics Co., Ltd. 52,978 700,316 Unid Co., Ltd. 69,683 3,178,553 # Uniquest Corp. 20,797 139,637 Visang Education, Inc. 32,565 379,706 #* WillBes & Co. (The) 807,781 1,507,850 # Wiscom Co., Ltd. 32,980 138,849 * Wonik Holdings Co., Ltd. 139,712 1,071,967 * Woongjin Co., Ltd. 243,455 489,593 * Woongjin Thinkbig Co., Ltd. 27,038 172,682 Woori Bank 2,388,988 40,801,664 Woori Bank Sponsored ADR 7,135 365,740 # Wooshin Systems Co., Ltd. 36,176 228,169 # WooSung Feed Co., Ltd. 255,261 700,360 # Y G-1 Co., Ltd. 91,652 953,942 YESCO Co., Ltd. 32,554 1,114,301 # Yoosung Enterprise Co., Ltd. 194,315 708,325 # YooSung T&S Co., Ltd. 196,580 748,380 Youlchon Chemical Co., Ltd. 149,102 1,845,399 # Young Poong Corp. 3,849 4,258,319 # Young Poong Precision Corp. 128,245 1,076,227 # Youngone Corp. 21,524 630,601 Youngone Holdings Co., Ltd. 8,414 404,330 #* Yuanta Securities Korea Co., Ltd. 476,080 1,651,125 # YuHwa Securities Co., Ltd. 28,274 391,671 # Zeus Co., Ltd. 46,785 715,159 -------------- TOTAL SOUTH KOREA 3,270,555,759 -------------- TAIWAN -- (15.9%) Ability Enterprise Co., Ltd. 2,636,330 1,650,271 # AcBel Polytech, Inc. 586,000 451,077 # Acer, Inc. 31,848,109 15,649,886 # ACES Electronic Co., Ltd. 1,304,000 1,207,633 # Achem Technology Corp. 3,438,318 1,161,655 #* Advanced Connectek, Inc. 2,107,000 725,211 Advanced International Multitech Co., Ltd. 374,000 437,734 # Advanced Optoelectronic Technology, Inc. 216,000 247,748 Advancetek Enterprise Co., Ltd. 53,000 36,589 #* AGV Products Corp. 6,174,211 1,588,726 # AimCore Technology Co., Ltd. 785,797 636,515 * Airmate Cayman International Co., Ltd. 26,000 25,552 # Alchip Technologies, Ltd. 263,000 694,547 # Alcor Micro Corp. 522,000 312,746 # Allis Electric Co., Ltd. 1,250,000 438,162 Alpha Networks, Inc. 4,590,313 3,753,627 # Altek Corp. 3,407,365 2,969,291 # Ambassador Hotel (The) 1,217,000 940,997 # AMPOC Far-East Co., Ltd. 1,402,000 1,163,154 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ----------- TAIWAN -- (Continued) # AmTRAN Technology Co., Ltd. 10,964,956 $ 7,061,931 # Apacer Technology, Inc. 356,210 478,382 # APCB, Inc. 2,232,000 2,331,570 # Apex International Co., Ltd. 775,032 659,760 Apex Science & Engineering 211,536 61,594 # Arcadyan Technology Corp. 1,941,675 3,025,903 Ardentec Corp. 5,512,058 5,104,108 * Arima Communications Corp. 86,000 12,219 # Asia Cement Corp. 24,175,589 21,366,449 # Asia Optical Co., Inc. 3,971,290 9,347,130 * Asia Pacific Telecom Co., Ltd. 6,816,000 2,415,679 Asia Plastic Recycling Holding, Ltd. 2,302,585 1,056,210 # Asia Polymer Corp. 5,372,075 3,257,205 # Asia Vital Components Co., Ltd. 4,376,984 3,835,589 ASROCK, Inc. 113,000 269,350 Asustek Computer, Inc. 2,613,000 24,301,706 # AU Optronics Corp. 65,843,812 26,655,421 # AU Optronics Corp. Sponsored ADR 9,323,617 37,480,940 # Audix Corp. 1,375,332 1,757,324 # Avermedia Technologies 2,505,000 875,168 * Avision, Inc. 1,540,555 340,524 AVY Precision Technology, Inc. 574,680 1,019,851 # Bank of Kaohsiung Co., Ltd. 6,299,617 2,138,316 # BenQ Materials Corp. 1,013,000 553,436 # BES Engineering Corp. 20,381,443 4,396,203 #* Biostar Microtech International Corp. 2,398,055 1,319,693 # Bright Led Electronics Corp. 1,691,000 836,900 # C Sun Manufacturing, Ltd. 2,107,837 1,441,218 #* Cameo Communications, Inc. 2,551,197 708,484 Capital Securities Corp. 26,984,447 8,873,375 Career Technology MFG. Co., Ltd. 3,498,000 2,324,280 * Carnival Industrial Corp. 4,943,000 787,025 # Casetek Holdings, Ltd. 1,759,000 5,556,276 # Cathay Chemical Works 812,000 411,559 Cathay Financial Holding Co., Ltd. 42,958,000 69,995,125 Cathay Real Estate Development Co., Ltd. 9,972,694 5,729,265 # Celxpert Energy Corp. 332,000 282,966 # Central Reinsurance Co., Ltd. 1,626,016 794,119 #* Chain Chon Industrial Co., Ltd. 513,000 309,832 ChainQui Construction Development Co., Ltd. 1,248,173 789,754 #* Champion Building Materials Co., Ltd. 6,044,828 1,477,747 Chang Hwa Commercial Bank, Ltd. 88,328,937 51,780,959 Chang Wah Electromaterials, Inc. 46,800 213,200 Channel Well Technology Co., Ltd. 534,000 466,019 Charoen Pokphand Enterprise 1,321,825 3,017,313 CHC Healthcare Group 82,000 112,304 # Cheng Loong Corp. 13,929,659 7,311,949 # Cheng Uei Precision Industry Co., Ltd. 6,662,635 9,036,907 # Chenming Mold Industry Corp. 334,000 214,363 # Chia Chang Co., Ltd. 1,615,000 1,307,744 # Chia Hsin Cement Corp. 6,869,191 2,435,079 Chien Kuo Construction Co., Ltd. 4,407,247 1,300,782 Chilisin Electronics Corp. 224,748 561,604 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- TAIWAN -- (Continued) #* Chimei Materials Technology Corp. 2,619,000 $ 1,173,754 # Chin-Poon Industrial Co., Ltd. 2,494,815 4,925,268 China Airlines, Ltd. 48,091,353 14,779,291 China Bills Finance Corp. 2,137,000 1,057,993 # China Chemical & Pharmaceutical Co., Ltd. 4,158,264 2,465,682 China Development Financial Holding Corp. 144,065,734 43,451,677 #* China Electric Manufacturing Corp. 4,019,200 1,063,081 China General Plastics Corp. 5,533,541 5,306,480 China Glaze Co., Ltd. 1,794,799 706,902 China Life Insurance Co., Ltd. 27,462,959 29,057,087 # China Man-Made Fiber Corp. 13,030,303 3,839,818 # China Metal Products 4,377,969 4,414,700 China Motor Corp. 6,171,749 5,332,748 #* China Petrochemical Development Corp. 29,095,397 12,141,798 # China Steel Corp. 82,567,320 67,796,912 # China Steel Structure Co., Ltd. 1,435,219 974,474 China Synthetic Rubber Corp. 8,768,794 9,920,789 # China Wire & Cable Co., Ltd. 1,580,600 1,359,827 # Chinese Maritime Transport, Ltd. 1,338,270 1,205,824 Chipbond Technology Corp. 6,695,000 11,028,042 # ChipMOS TECHNOLOGIES, Inc. 1,181,229 1,160,952 ChipMOS TECHNOLOGIES, Inc. ADR 37,146 722,118 Chong Hong Construction Co., Ltd. 121,000 287,302 # Chun YU Works & Co., Ltd. 3,273,000 1,538,666 Chun Yuan Steel 6,542,287 2,480,461 #* Chung Hung Steel Corp. 1,210,000 406,820 # Chung Hwa Pulp Corp. 6,040,353 2,029,814 Chung-Hsin Electric & Machinery Manufacturing Corp. 5,954,250 4,178,989 * Chunghwa Picture Tubes, Ltd. 51,746,412 2,826,723 Clevo Co. 1,405,000 1,255,584 #* CMC Magnetics Corp. 34,869,621 4,477,025 # CoAsia Microelectronics Corp. 421,797 211,706 Coland Holdings, Ltd. 92,000 122,172 Collins Co., Ltd. 2,011,224 752,580 Compal Electronics, Inc. 72,346,332 48,048,262 Compeq Manufacturing Co., Ltd. 19,439,000 17,920,165 Concord Securities Co., Ltd. 1,769,000 386,080 # Continental Holdings Corp. 6,662,540 2,537,593 Contrel Technology Co., Ltd. 118,000 75,931 Coretronic Corp. 6,522,800 8,251,760 Coxon Precise Industrial Co., Ltd. 2,059,000 1,896,474 # Creative Sensor, Inc. 475,000 343,851 #* CSBC Corp. Taiwan 6,395,654 2,774,859 CTBC Financial Holding Co., Ltd. 115,729,073 74,352,255 CviLux Corp. 70,000 74,890 CX Technology Co., Ltd. 48,000 43,483 Cyberlink Corp. 35,000 73,522 CyberTAN Technology, Inc. 727,000 487,241 # D-Link Corp. 10,457,552 3,857,477 # DA CIN Construction Co., Ltd. 2,403,579 1,404,732 Da-Li Development Co., Ltd. 77,077 61,639 #* Danen Technology Corp. 816,000 174,019 # Darfon Electronics Corp. 4,185,950 3,554,300 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- TAIWAN -- (Continued) Darwin Precisions Corp. 6,140,635 $ 2,582,870 # Delpha Construction Co., Ltd. 1,614,016 743,032 # Depo Auto Parts Ind Co., Ltd. 233,000 633,076 Dimerco Express Corp. 188,000 133,812 #* Dynamic Electronics Co., Ltd. 4,422,324 1,735,250 Dynapack International Technology Corp. 414,000 537,116 E Ink Holdings, Inc. 8,709,000 9,310,857 * E-Ton Solar Tech Co., Ltd. 3,546,443 975,505 E.Sun Financial Holding Co., Ltd. 87,455,039 55,752,372 # Edimax Technology Co., Ltd. 3,066,902 1,040,539 #* Edison Opto Corp. 1,362,000 618,238 # Edom Technology Co., Ltd. 689,046 371,950 Elite Semiconductor Memory Technology, Inc. 576,000 680,123 #* Elitegroup Computer Systems Co., Ltd. 5,247,395 3,429,519 Emerging Display Technologies Corp. 45,000 13,956 ENG Electric Co., Ltd. 1,480,344 784,305 # EnTie Commercial Bank Co., Ltd. 2,271,232 962,568 #* Epistar Corp. 13,810,869 13,202,178 Eson Precision Ind. Co., Ltd. 295,000 461,658 Eternal Materials Co., Ltd. 1,679,292 1,889,552 * Etron Technology, Inc. 643,000 253,077 Eva Airways Corp. 19,187,548 9,298,185 # Everest Textile Co., Ltd. 3,495,002 1,858,221 Evergreen International Storage & Transport Corp. 9,271,000 4,298,249 * Evergreen Marine Corp. Taiwan, Ltd. 18,671,607 10,231,694 Everlight Chemical Industrial Corp. 333,950 197,373 Everlight Electronics Co., Ltd. 2,262,000 3,440,808 # Excelsior Medical Co., Ltd. 1,393,726 2,217,612 # EZconn Corp. 80,000 117,570 Far Eastern Department Stores, Ltd. 9,258,445 4,615,140 Far Eastern International Bank 29,351,994 9,682,175 Far Eastern New Century Corp. 16,863,528 13,879,043 #* Farglory F T Z Investment Holding Co., Ltd. 1,258,000 560,671 Farglory Land Development Co., Ltd. 3,034,264 3,798,872 # Federal Corp. 7,690,160 3,619,892 Feedback Technology Corp. 78,000 173,205 Feng Hsin Steel Co., Ltd. 209,000 357,901 * First Copper Technology Co., Ltd. 2,890,750 1,029,614 First Financial Holding Co., Ltd. 144,043,234 97,291,286 # First Hotel 1,594,590 887,010 # First Insurance Co., Ltd. (The) 3,940,064 1,800,529 #* First Steamship Co., Ltd. 9,048,360 2,753,535 # FocalTech Systems Co., Ltd. 874,000 1,141,632 Forest Water Environment Engineering Co., Ltd. 32,000 63,490 # Formosa Advanced Technologies Co., Ltd. 2,188,000 2,034,716 Formosa Chemicals & Fibre Corp. 351,000 1,057,532 Formosa Taffeta Co., Ltd. 9,180,511 9,090,396 Formosan Rubber Group, Inc. 6,879,505 3,426,809 # Formosan Union Chemical 3,123,034 2,062,651 # Fortune Electric Co., Ltd. 443,000 254,313 # Founding Construction & Development Co., Ltd. 3,491,418 1,826,848 Foxconn Technology Co., Ltd. 8,452,142 25,412,858 # Foxlink Image Technology Co., Ltd. 1,568,000 889,706 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ TAIWAN -- (Continued) # Froch Enterprise Co., Ltd. 2,358,734 $ 1,109,605 FSP Technology, Inc. 1,976,292 1,579,968 # Fubon Financial Holding Co., Ltd. 87,120,471 135,337,632 Fulgent Sun International Holding Co., Ltd. 41,922 118,790 # Fullerton Technology Co., Ltd. 1,517,200 1,202,388 # Fulltech Fiber Glass Corp. 5,152,690 2,464,649 Fwusow Industry Co., Ltd. 2,842,119 1,685,376 # G Shank Enterprise Co., Ltd. 2,144,902 1,887,149 # Gallant Precision Machining Co., Ltd. 858,000 658,333 Gemtek Technology Corp. 4,459,962 3,871,392 * Genesis Photonics, Inc. 2,615,810 234,800 * Genius Electronic Optical Co., Ltd. 650,000 7,436,444 Getac Technology Corp. 3,959,065 5,007,388 # Giantplus Technology Co., Ltd. 3,199,100 1,999,997 Gigabyte Technology Co., Ltd. 8,176,287 10,448,186 #* Gigastorage Corp. 5,086,600 2,921,725 #* Gintech Energy Corp. 8,128,044 4,441,560 #* Global Brands Manufacture, Ltd. 4,583,951 1,701,793 # Global Lighting Technologies, Inc. 889,000 1,389,109 Global Mixed Mode Technology, Inc. 73,000 162,541 Globe Union Industrial Corp. 3,368,625 2,522,702 Gloria Material Technology Corp. 6,931,116 4,624,352 #* Gold Circuit Electronics, Ltd. 7,018,965 2,370,561 #* Goldsun Building Materials Co., Ltd. 18,172,261 5,650,040 # Good Will Instrument Co., Ltd. 552,746 418,915 Grand Ocean Retail Group, Ltd. 304,000 235,700 Grand Pacific Petrochemical 14,804,000 10,698,843 # Great China Metal Industry 902,000 760,242 Great Wall Enterprise Co., Ltd. 6,865,597 7,448,368 #* Green Energy Technology, Inc. 3,762,880 1,775,687 # Green Seal Holding, Ltd. 285,000 834,861 # GTM Holdings Corp. 1,918,000 1,097,764 # Hannstar Board Corp. 4,884,635 2,382,455 #* HannStar Display Corp. 40,927,435 12,366,461 * HannsTouch Solution, Inc. 2,787,481 936,380 Hanpin Electron Co., Ltd. 108,000 138,562 #* Harvatek Corp. 2,874,553 984,193 # Hey Song Corp. 2,920,500 3,070,808 # Hiroca Holdings, Ltd. 599,000 2,133,034 * HiTi Digital, Inc. 127,000 45,200 # Hitron Technology, Inc. 2,134,885 1,395,498 #* Ho Tung Chemical Corp. 11,444,474 3,139,024 #* Hocheng Corp. 4,271,300 1,291,501 Hold-Key Electric Wire & Cable Co., Ltd. 118,124 32,746 # Holy Stone Enterprise Co., Ltd. 3,058,650 3,743,230 Hon Hai Precision Industry Co., Ltd. 26,120,240 101,583,564 # Hong Pu Real Estate Development Co., Ltd. 3,669,655 2,837,634 # Hong TAI Electric Industrial 3,336,000 1,092,033 # Hong YI Fiber Industry Co. 225,000 163,188 * Horizon Securities Co., Ltd. 5,860,000 1,270,469 # Hsin Kuang Steel Co., Ltd. 3,124,124 3,128,264 # Hsing TA Cement Co. 1,864,782 639,620 #* HTC Corp. 6,559,000 15,568,395 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- TAIWAN -- (Continued) * HUA ENG Wire & Cable Co., Ltd. 6,538,035 $ 2,188,121 # Hua Nan Financial Holdings Co., Ltd. 59,307,965 34,663,783 # Huaku Development Co., Ltd. 1,844,000 3,901,709 Huang Hsiang Construction Corp. 1,052,000 1,276,626 # Hung Ching Development & Construction Co., Ltd. 1,906,468 1,235,401 # Hung Sheng Construction, Ltd. 6,518,892 4,242,768 # Huxen Corp. 275,281 382,233 * Hwacom Systems, Inc. 333,000 127,214 #* I-Chiun Precision Industry Co., Ltd. 2,708,000 834,866 #* Ichia Technologies, Inc. 2,113,260 1,326,021 Ideal Bike Corp. 80,271 30,032 Infortrend Technology, Inc. 1,077,000 538,717 # Innolux Corp. 150,377,544 73,355,337 Inpaq Technology Co., Ltd. 315,000 281,445 # Inventec Corp. 31,534,277 25,190,220 ITE Technology, Inc. 1,908,479 2,064,870 Jarllytec Co., Ltd. 422,000 844,931 # Jess-Link Products Co., Ltd. 1,273,000 1,220,268 Jih Sun Financial Holdings Co., Ltd. 8,238,814 1,934,544 # Jinli Group Holdings, Ltd. 1,033,200 1,257,352 Johnson Health Tech Co., Ltd. 22,000 26,777 # K Laser Technology, Inc. 1,814,601 910,927 # Kang Na Hsiung Enterprise Co., Ltd. 1,687,078 603,143 # Kaulin Manufacturing Co., Ltd. 2,419,656 1,530,493 # KEE TAI Properties Co., Ltd. 1,968,000 651,666 # Kenmec Mechanical Engineering Co., Ltd. 1,954,000 626,987 Kindom Construction Corp. 5,922,000 3,569,594 King Chou Marine Technology Co., Ltd. 56,100 63,972 # King Yuan Electronics Co., Ltd. 16,246,805 16,180,861 King's Town Bank Co., Ltd. 11,404,012 11,784,692 * King's Town Construction Co., Ltd. 169,380 134,056 #* Kinko Optical Co., Ltd. 1,853,000 2,082,145 # Kinpo Electronics 19,880,375 7,277,930 # Kinsus Interconnect Technology Corp. 2,670,000 7,196,477 # KS Terminals, Inc. 747,880 1,389,914 #* Kung Sing Engineering Corp. 3,352,000 1,165,646 # Kuo Toong International Co., Ltd. 1,048,160 709,692 Kuoyang Construction Co., Ltd. 7,051,840 3,258,214 # Kwong Fong Industries Corp. 1,776,611 1,361,845 Kwong Lung Enterprise Co., Ltd. 58,000 86,503 #* KYE Systems Corp. 4,215,909 1,251,448 # L&K Engineering Co., Ltd. 2,117,000 2,557,162 #* LAN FA Textile 3,125,713 877,155 LCY Chemical Corp. 2,284,000 3,314,425 # Leader Electronics, Inc. 1,966,056 664,559 #* Lealea Enterprise Co., Ltd. 11,750,941 4,243,108 # Ledtech Electronics Corp. 660,000 273,253 LEE CHI Enterprises Co., Ltd. 3,199,900 1,096,694 # Lelon Electronics Corp. 94,620 127,284 Leofoo Development Co., Ltd. 4,911,908 1,343,301 * LES Enphants Co., Ltd. 877,000 319,365 #* Lextar Electronics Corp. 5,413,000 3,155,590 #* Li Peng Enterprise Co., Ltd. 9,229,381 2,588,715 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ------------ TAIWAN -- (Continued) # Lien Hwa Industrial Corp. 8,495,147 $ 7,905,492 # Lingsen Precision Industries, Ltd. 6,447,480 3,135,242 # Lite-On Semiconductor Corp. 3,397,729 3,362,207 Lite-On Technology Corp. 29,285,738 47,396,530 Long Bon International Co., Ltd. 265,000 139,090 # Long Chen Paper Co., Ltd. 10,966,235 13,801,582 # Longwell Co. 1,556,000 1,957,380 Lotes Co., Ltd. 749,000 4,330,532 # Lucky Cement Corp. 3,294,000 968,701 #* LuxNet Corp. 382,000 405,474 Macroblock, Inc. 46,000 115,723 #* Macronix International 50,810,913 27,701,734 # Marketech International Corp. 1,965,000 2,509,823 # Masterlink Securities Corp. 17,714,489 4,745,698 # Mayer Steel Pipe Corp. 2,379,456 1,048,191 # Maywufa Co., Ltd. 252,070 113,125 MediaTek, Inc. 3,309,000 29,128,823 # Mega Financial Holding Co., Ltd. 123,585,796 104,596,907 # Meiloon Industrial Co. 1,426,084 1,231,239 Mercuries & Associates Holding, Ltd. 2,634,333 1,979,634 * Mercuries Life Insurance Co., Ltd. 6,924,559 3,623,214 # MIN AIK Technology Co., Ltd. 1,324,000 1,332,941 # Mitac Holdings Corp. 9,144,754 10,939,730 * Mosel Vitelic, Inc. 1,382,506 140,194 #* Motech Industries, Inc. 6,728,658 5,410,561 Nan Ren Lake Leisure Amusement Co., Ltd. 1,652,000 438,689 # Nan Ya Printed Circuit Board Corp. 3,428,000 2,684,569 # Nantex Industry Co., Ltd. 1,811,390 1,335,135 #* Neo Solar Power Corp. 5,692,056 2,628,865 New Asia Construction & Development Corp. 1,810,304 424,421 New Era Electronics Co., Ltd. 203,000 137,785 # Nien Hsing Textile Co., Ltd. 4,331,721 3,235,062 # Nishoku Technology, Inc. 324,000 843,383 * O-TA Precision Industry Co., Ltd. 24,000 10,251 * Ocean Plastics Co., Ltd. 265,000 231,724 * Optimax Technology Corp. 499,597 63,127 # OptoTech Corp. 8,601,000 4,637,985 * Orient Semiconductor Electronics, Ltd. 1,666,000 484,791 Oriental Union Chemical Corp. 408,000 379,383 P-Two Industries, Inc. 28,000 17,654 # Pacific Construction Co. 2,487,452 865,623 Pan Jit International, Inc. 5,163,837 3,246,338 # Pan-International Industrial Corp. 5,339,444 5,189,229 # Paragon Technologies Co., Ltd. 952,191 631,981 # Pegatron Corp. 25,738,998 83,947,778 #* Phihong Technology Co., Ltd. 3,918,882 1,576,600 Plastron Precision Co., Ltd. 14,000 10,381 Portwell, Inc. 1,018,000 1,651,256 Pou Chen Corp. 14,207,550 19,192,674 Powertech Industrial Co., Ltd. 124,000 85,109 #* President Securities Corp. 12,999,351 6,026,882 * Prime Electronics & Satellitics, Inc. 406,000 129,557 Prince Housing & Development Corp. 6,303,018 2,274,907 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- TAIWAN -- (Continued) # Promise Technology, Inc. 909,000 $ 389,648 Prosperity Dielectrics Co., Ltd. 189,000 149,127 Qisda Corp. 28,937,171 22,889,889 # Qualipoly Chemical Corp. 217,756 214,566 # Quanta Storage, Inc. 2,218,000 3,051,891 # Quintain Steel Co., Ltd. 4,634,684 1,361,773 # Radiant Opto-Electronics Corp. 4,795,000 11,390,650 * Radium Life Tech Co., Ltd. 9,154,124 4,016,858 # Rich Development Co., Ltd. 7,252,054 2,328,873 #* Ritek Corp. 25,926,669 4,375,528 #* Rotam Global Agrosciences, Ltd. 398,693 430,966 #* Ruentex Development Co., Ltd. 3,058,000 3,311,894 Sampo Corp. 7,043,925 3,520,758 San Fang Chemical Industry Co., Ltd. 11,000 13,042 San Far Property, Ltd. 71,000 28,218 Sanyang Motor Co., Ltd. 2,323,624 1,610,770 SDI Corp. 179,000 377,082 # Sesoda Corp. 1,687,713 1,586,195 Shan-Loong Transportation Co., Ltd. 115,000 129,331 Sharehope Medicine Co., Ltd. 12,000 15,094 Sheng Yu Steel Co., Ltd. 1,935,000 2,274,622 # ShenMao Technology, Inc. 1,143,000 1,095,013 # Shih Her Technologies, Inc. 411,000 417,126 * Shih Wei Navigation Co., Ltd. 3,061,288 897,005 # Shihlin Electric & Engineering Corp. 4,496,000 5,928,939 # Shin Kong Financial Holding Co., Ltd. 118,064,430 31,561,339 Shin Zu Shing Co., Ltd. 1,507,000 4,599,635 * Shining Building Business Co., Ltd. 294,945 100,103 # Shinkong Insurance Co., Ltd. 3,577,412 3,021,557 Shinkong Synthetic Fibers Corp. 23,394,754 7,105,635 #* Shuttle, Inc. 4,367,015 1,533,088 Sigurd Microelectronics Corp. 6,398,047 5,951,405 #* Silicon Integrated Systems Corp. 4,978,808 1,188,970 # Silitech Technology Corp. 824,803 527,458 Simplo Technology Co., Ltd. 675,000 2,144,371 Sincere Navigation Corp. 5,245,740 3,481,734 Sinher Technology, Inc. 159,000 279,726 # Sino-American Silicon Products, Inc. 8,372,000 16,792,160 # Sinon Corp. 5,951,877 2,936,172 # SinoPac Financial Holdings Co., Ltd. 126,472,250 39,655,546 # Sirtec International Co., Ltd. 231,000 341,851 # Siward Crystal Technology Co., Ltd. 2,519,875 1,723,298 * Solar Applied Materials Technology Co. 2,349,000 1,021,963 #* Solartech Energy Corp. 4,352,165 2,017,556 Solomon Technology Corp. 214,000 131,567 Solteam Electronics Co., Ltd. 39,000 52,131 # Southeast Cement Co., Ltd. 3,220,700 1,627,129 # Spirox Corp. 505,563 305,656 # Stark Technology, Inc. 1,835,200 1,784,096 Sunko INK Co., Ltd. 76,000 33,567 Sunonwealth Electric Machine Industry Co., Ltd. 103,421 146,061 # Sunplus Technology Co., Ltd. 8,499,620 3,921,429 Sunrex Technology Corp. 1,783,273 1,201,326 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- TAIWAN -- (Continued) # Sunspring Metal Corp. 540,000 $ 736,141 # Supreme Electronics Co., Ltd. 4,785,441 4,705,106 Swancor Holding Co., Ltd. 105,000 298,251 # Sweeten Real Estate Development Co., Ltd. 1,335,143 607,790 Syncmold Enterprise Corp. 68,000 147,087 Synnex Technology International Corp. 5,999,550 6,671,171 Sysage Technology Co., Ltd. 127,797 132,268 Systex Corp. 1,007,801 1,917,713 # T-Mac Techvest PCB Co., Ltd. 1,603,000 618,169 T3EX Global Holdings Corp. 235,499 166,954 # TA Chen Stainless Pipe 9,303,912 5,345,566 * Ta Chong Securities Co., Ltd. 212,000 77,900 #* Ta Ya Electric Wire & Cable 7,029,329 1,555,178 # TA-I Technology Co., Ltd. 1,442,170 1,180,153 # Tah Hsin Industrial Corp. 1,477,900 1,241,117 TAI Roun Products Co., Ltd. 63,000 21,280 #* Tai Tung Communication Co., Ltd. 125,000 101,719 Tai-Saw Technology Co., Ltd. 37,000 24,574 Taichung Commercial Bank Co., Ltd. 33,735,157 11,620,170 Taiflex Scientific Co., Ltd. 589,960 866,719 # Tainan Enterprises Co., Ltd. 1,078,183 883,721 # Tainan Spinning Co., Ltd. 18,271,485 7,983,225 #* Tainergy Tech Co., Ltd. 2,172,000 884,749 Taishin Financial Holding Co., Ltd. 120,301,480 56,573,007 * Taisun Enterprise Co., Ltd. 1,776,410 1,232,560 #* Taita Chemical Co., Ltd. 2,317,864 806,716 # Taiwan Business Bank 59,068,335 16,763,917 # Taiwan Cement Corp. 49,441,440 57,301,230 Taiwan Chinsan Electronic Industrial Co., Ltd. 114,000 196,615 # Taiwan Cogeneration Corp. 2,535,333 1,989,864 # Taiwan Cooperative Financial Holding Co., Ltd. 104,287,904 56,988,464 Taiwan Fertilizer Co., Ltd. 5,159,000 7,005,433 Taiwan Fire & Marine Insurance Co., Ltd. 1,280,000 807,601 Taiwan FU Hsing Industrial Co., Ltd. 583,000 712,132 #* Taiwan Glass Industry Corp. 12,731,982 6,515,221 Taiwan Hon Chuan Enterprise Co., Ltd. 525,932 950,978 # Taiwan Hopax Chemicals Manufacturing Co., Ltd. 1,701,000 960,343 # Taiwan Land Development Corp. 10,104,322 3,513,500 Taiwan Line Tek Electronic 146,771 123,436 #* Taiwan Mask Corp. 2,887,250 1,686,182 Taiwan Navigation Co., Ltd. 1,597,000 729,862 Taiwan PCB Techvest Co., Ltd. 3,813,946 3,729,294 #* Taiwan Prosperity Chemical Corp. 747,000 491,322 #* Taiwan Pulp & Paper Corp. 4,843,660 2,976,445 Taiwan Sakura Corp. 293,177 353,147 Taiwan Semiconductor Co., Ltd. 129,000 174,691 Taiwan Shin Kong Security Co., Ltd. 23,000 28,906 Taiwan Styrene Monomer 3,118,647 2,152,705 Taiwan Surface Mounting Technology Corp. 3,083,991 2,527,193 # Taiwan TEA Corp. 8,595,092 4,610,621 Taiwan Union Technology Corp. 1,109,000 2,386,331 # Taiyen Biotech Co., Ltd. 1,939,217 1,926,581 #* Tatung Co., Ltd. 30,477,342 12,815,130 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- ----------- TAIWAN -- (Continued) Te Chang Construction Co., Ltd. 94,424 $ 61,640 Teco Electric and Machinery Co., Ltd. 27,208,725 25,624,216 # Test Rite International Co., Ltd. 1,118,266 825,830 * Tex-Ray Industrial Co., Ltd. 444,000 139,941 Thinking Electronic Industrial Co., Ltd. 22,000 68,596 Ton Yi Industrial Corp. 3,001,600 1,441,164 # Tong-Tai Machine & Tool Co., Ltd. 3,466,447 2,410,525 # Topoint Technology Co., Ltd. 2,365,288 1,832,840 #* TPK Holding Co., Ltd. 3,375,000 11,332,352 Tripod Technology Corp. 2,937,000 9,588,227 # TrueLight Corp. 169,000 205,711 Tsann Kuen Enterprise Co., Ltd. 134,000 112,472 #* TSEC Corp. 1,079,000 367,963 Tung Ho Steel Enterprise Corp. 12,892,274 10,651,887 TXC Corp. 1,169,000 1,689,977 TYC Brother Industrial Co., Ltd. 923,723 943,660 * Tycoons Group Enterprise 7,484,938 1,419,397 Tyntek Corp. 3,017,097 1,303,159 U-Ming Marine Transport Corp. 1,121,000 1,165,359 UDE Corp. 139,000 171,739 Unimicron Technology Corp. 23,602,363 15,347,674 # Union Bank Of Taiwan 13,025,837 3,860,896 # Unitech Computer Co., Ltd. 1,632,739 959,147 #* Unitech Printed Circuit Board Corp. 7,109,281 2,530,839 # United Microelectronics Corp. 214,984,681 98,675,765 # Unity Opto Technology Co., Ltd. 2,924,000 1,098,559 Univacco Technology, Inc. 46,000 27,226 # Universal Cement Corp. 6,004,583 4,494,970 #* Unizyx Holding Corp. 4,295,000 2,041,069 UPC Technology Corp. 12,076,746 5,681,752 USI Corp. 7,573,184 3,751,043 # Usun Technology Co., Ltd. 217,000 440,821 # Ve Wong Corp. 1,616,806 1,314,496 Victory New Materials, Ltd. Co. 564,000 969,731 Viking Tech Corp. 46,000 27,722 #* Wafer Works Corp. 5,977,092 4,061,116 * Wah Hong Industrial Corp. 395,516 261,990 Wah Lee Industrial Corp. 2,043,000 3,417,047 Walsin Lihwa Corp. 44,282,412 19,498,736 # Walsin Technology Corp. 6,426,267 11,505,104 # Walton Advanced Engineering, Inc. 4,325,853 1,881,766 Wan Hai Lines, Ltd. 8,094,000 4,636,045 # Waterland Financial Holdings Co., Ltd. 33,412,601 10,589,155 Wei Mon Industry Co., Ltd. 3,885,691 21,722 # Weikeng Industrial Co., Ltd. 2,190,072 1,196,930 # Well Shin Technology Co., Ltd. 1,009,080 1,662,605 Wha Yu Industrial Co., Ltd. 302,000 196,828 # Winbond Electronics Corp. 48,987,885 29,564,967 Winstek Semiconductor Co., Ltd. 31,000 24,250 Wintek Corp. 20,783,484 236,155 # Wisdom Marine Lines Co., Ltd. 2,542,348 2,417,041 Wistron Corp. 42,746,650 43,137,478 # WPG Holdings, Ltd. 8,603,092 12,048,158 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- -------------- TAIWAN -- (Continued) # WT Microelectronics Co., Ltd. 6,744,751 $ 9,990,893 #* WUS Printed Circuit Co., Ltd. 3,987,928 2,337,815 # Xxentria Technology Materials Corp. 87,000 181,248 Yageo Corp. 3,477,590 13,243,750 * Yang Ming Marine Transport Corp. 8,787,215 3,912,173 # YC Co., Ltd. 5,461,978 2,270,622 # YC INOX Co., Ltd. 4,764,833 3,929,006 Yea Shin International Development Co., Ltd. 286,830 132,981 # Yeong Guan Energy Technology Group Co., Ltd. 831,000 2,251,467 #* YFY, Inc. 20,003,847 6,790,111 # Yi Jinn Industrial Co., Ltd. 2,990,142 1,089,476 #* Yieh Phui Enterprise Co., Ltd. 16,499,384 7,156,201 #* Young Fast Optoelectronics Co., Ltd. 1,696,000 749,560 #* Young Optics, Inc. 98,000 133,527 # Youngtek Electronics Corp. 943,047 1,442,959 Yuanta Financial Holding Co., Ltd. 125,873,918 53,958,135 # Yulon Motor Co., Ltd. 12,352,572 10,792,421 Yung Chi Paint & Varnish Manufacturing Co., Ltd. 235,687 643,069 # Zenitron Corp. 3,027,000 1,809,683 # Zhen Ding Technology Holding, Ltd. 3,478,000 8,090,622 # Zig Sheng Industrial Co., Ltd. 6,228,352 1,875,972 # Zinwell Corp. 1,025,000 1,061,696 # ZongTai Real Estate Development Co., Ltd. 1,050,844 617,729 -------------- TOTAL TAIWAN 3,138,505,796 -------------- THAILAND -- (2.6%) AAPICO Hitech PCL(B013KZ2) 123,300 86,334 AAPICO Hitech PCL(B013L48) 681,760 477,364 AJ Plast PCL 1,441,800 580,594 Amata Corp. PCL 2,978,590 1,405,312 AP Thailand PCL 19,345,030 4,476,334 Asia Aviation PCL 4,322,900 824,919 Asia Plus Group Holdings PCL 5,164,800 568,064 Bangchak Corp. PCL 8,628,100 9,010,157 Bangkok Airways PCL 1,571,400 864,172 Bangkok Bank PCL 1,662,000 8,965,156 Bangkok Insurance PCL 212,828 2,219,323 Bangkok Land PCL 126,642,996 6,888,459 Bangkok Ranch PCL 203,100 44,250 Banpu PCL 18,451,650 9,038,267 Cal-Comp Electronics Thailand PCL Class F 30,904,814 2,897,631 Charoen Pokphand Foods PCL 18,236,100 13,481,227 Charoong Thai Wire & Cable PCL Class F 1,255,800 392,479 Eastern Water Resources Development and Management PCL Class F 829,100 318,918 * G J Steel PCL 27,256,975 344,024 Golden Land Property Development PCL 502,200 111,679 Hana Microelectronics PCL 1,775,300 2,147,336 ICC International PCL 2,663,700 2,921,733 IRPC PCL 101,386,200 16,757,294 Jasmine International PCL 2,160,700 486,988 Kasikornbank PCL 1,258,200 7,278,515 KGI Securities Thailand PCL 10,808,900 1,292,787 Khon Kaen Sugar Industry PCL 8,160,054 1,083,871 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ THAILAND -- (Continued) Kiatnakin Bank PCL 3,579,800 $ 7,180,793 Krung Thai Bank PCL 45,257,300 24,616,685 Laguna Resorts & Hotels PCL 1,022,500 821,958 Lanna Resources PCL 846,100 302,574 LH Financial Group PCL 11,188,946 595,148 LPN Development PCL 2,871,601 1,001,024 MBK PCL 221,600 99,890 * MCOT PCL 1,028,300 441,894 * Millcon Steel PCL 2,482,900 130,575 MK Real Estate Development PCL 2,855,400 319,207 * Nation Multimedia Group PCL 2,644,800 49,277 * Polyplex Thailand PCL 3,626,425 1,373,130 * Precious Shipping PCL 7,910,150 2,210,701 Property Perfect PCL 36,884,900 953,256 Pruksa Holding PCL 751,300 517,025 PTT Exploration & Production PCL 20,787,100 54,971,671 PTT Global Chemical PCL 16,380,541 35,565,462 PTT PCL 17,224,150 200,831,524 Quality Houses PCL 28,488,597 2,088,927 * Regional Container Lines PCL 5,188,300 1,301,889 * Rojana Industrial Park PCL 3,308,573 541,876 Saha Pathana Inter-Holding PCL 2,801,300 3,514,621 Saha Pathanapibul PCL 1,594,833 2,060,848 Saha-Union PCL 2,685,500 3,328,982 Sahaviriya Steel Industries PCL 90,527,440 25,572 Sansiri PCL 86,774,766 5,423,993 SC Asset Corp PCL 31,512,253 3,068,222 Siam Future Development PCL 6,903,546 1,224,015 Siamgas & Petrochemicals PCL 6,249,500 2,854,639 Somboon Advance Technology PCL 2,976,600 1,449,098 Sri Ayudhya Capital PCL 85,100 76,721 Sri Trang Agro-Industry PCL 6,352,700 2,348,150 Srithai Superware PCL 18,906,200 1,090,857 Star Petroleum Refining PCL 505,200 233,801 STP & I PCL 892,700 177,056 * Tata Steel Thailand PCL 49,361,900 1,290,546 * Thai Airways International PCL 12,891,711 7,205,861 Thai Oil PCL 8,447,700 21,768,824 Thai Rayon PCL 58,700 74,088 Thai Stanley Electric PCL 43,100 269,403 Thai Stanley Electric PCL Class F 174,600 1,091,365 Thai Wacoal PCL 85,000 122,609 Thaicom PCL 3,147,300 1,475,452 Thanachart Capital PCL 7,344,100 10,538,391 Thitikorn PCL 1,429,500 498,316 Thoresen Thai Agencies PCL 9,334,478 2,384,357 Tisco Financial Group PCL 333,900 740,015 TMB Bank PCL 52,182,700 3,700,845 TPI Polene PCL 68,159,640 4,629,116 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- ------------ THAILAND -- (Continued) Vinythai PCL 6,403,517 $ 4,021,862 ------------ TOTAL THAILAND 517,565,298 ------------ TURKEY -- (1.6%) Adana Cimento Sanayii TAS Class A 381,220 731,186 Akbank TAS 13,569,147 40,366,704 #* Akenerji Elektrik Uretim A.S. 3,818,763 1,270,325 # Alarko Holding A.S. 1,215,219 1,978,994 # Albaraka Turk Katilim Bankasi A.S. 3,428,318 1,403,740 Anadolu Anonim Turk Sigorta Sirketi 4,014,534 3,250,848 # Anadolu Cam Sanayii A.S. 4,470,310 3,050,830 #* Bagfas Bandirma Gubre Fabrikalari A.S. 339,730 1,235,855 #* Baticim Bati Anadolu Cimento Sanayii A.S. 406,172 950,113 # Borusan Mannesmann Boru Sanayi ve Ticaret A.S. 821,246 2,089,173 * Boyner Perakende Ve Tekstil Yatirimlari A.S. 20,911 56,574 #* Dogan Sirketler Grubu Holding A.S. 16,723,595 3,948,989 # Eczacibasi Yatirim Holding Ortakligi A.S. 344,745 1,011,290 # EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. 1,908,942 2,605,588 # Enka Insaat ve Sanayi A.S. 1,200,956 1,884,503 # Global Yatirim Holding A.S. 2,120,952 1,827,104 #* Gozde Girisim Sermayesi Yatirim Ortakligi A.S. 58,943 56,307 #* GSD Holding AS 4,848,029 1,020,749 * Ihlas Holding A.S. 13,046,597 2,265,693 #* Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim A.S. 1,550,008 1,867,609 * Is Finansal Kiralama A.S. 2,407,547 855,691 Is Yatirim Menkul Degerler A.S. Class A 515,160 254,948 #* Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class A 2,244,930 1,423,980 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class B 163,542 110,695 * Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. Class D 8,730,378 5,015,405 #* Koza Anadolu Metal Madencilik Isletmeleri A.S. 1,500,350 2,089,375 #* Metro Ticari ve Mali Yatirimlar Holding A.S. 3,616,994 1,347,115 * NET Holding A.S. 13,395 11,760 #* Park Elektrik Uretim Madencilik Sanayi ve Ticaret A.S. 702,352 756,716 #* Pegasus Hava Tasimaciligi A.S. 325,850 2,233,141 Pinar Entegre Et ve Un Sanayi A.S. 244,757 693,473 # Pinar SUT Mamulleri Sanayii A.S. 77,164 329,189 Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. 2,043,136 1,719,387 #* Sekerbank TAS 4,649,019 1,836,801 Selcuk Ecza Deposu Ticaret ve Sanayi A.S. 2,235,420 2,471,003 Trakya Cam Sanayii A.S. 6,814,075 7,207,573 * Turcas Petrol A.S. 195,565 122,347 * Turk Hava Yollari AO 7,297,121 18,323,038 Turkiye Garanti Bankasi A.S. 14,090,688 42,197,177 Turkiye Halk Bankasi A.S. 6,898,361 29,596,514 # Turkiye Is Bankasi Class C 26,984,084 58,087,857 Turkiye Sinai Kalkinma Bankasi A.S. 11,719,466 5,099,146 Turkiye Sise ve Cam Fabrikalari A.S. 13,163,038 16,839,237 Turkiye Vakiflar Bankasi TAO Class D 9,665,839 19,346,850 * Vestel Elektronik Sanayi ve Ticaret A.S. 50,010 102,351 #* Yapi ve Kredi Bankasi A.S. 9,337,265 12,053,028 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ----------- --------------- TURKEY -- (Continued) #* Zorlu Enerji Elektrik Uretim A.S. 833,803 $ 348,588 --------------- TOTAL TURKEY 303,344,559 --------------- TOTAL COMMON STOCKS 18,429,844,483 --------------- PREFERRED STOCKS -- (3.2%) BRAZIL -- (3.1%) Banco ABC Brasil SA 1,533,423 8,049,813 Banco do Estado do Rio Grande do Sul SA Class B 2,116,568 9,930,056 * Banco Pan SA 1,793,392 1,081,206 * Banco Pine SA 427,430 420,803 * Cia Brasileira de Distribuicao 1,458,456 33,908,336 Cia Ferro Ligas da Bahia - FERBASA 972,034 3,802,913 Eucatex SA Industria e Comercio 353,288 318,354 Marcopolo SA 4,407,645 4,607,861 * Petroleo Brasileiro SA 12,478,190 53,180,414 * Petroleo Brasileiro SA Sponsored ADR 17,627,348 149,832,458 Randon SA Implementos e Participacoes 2,784,800 4,759,884 Suzano Papel e Celulose SA Class A 6,244,756 28,076,219 Unipar Carbocloro SA Class B 925,874 2,704,863 * Usinas Siderurgicas de Minas Gerais SA Class A 6,053,666 10,036,543 Vale SA 22,261,444 208,240,358 Vale SA Sponsored ADR 9,983,102 93,741,328 --------------- TOTAL BRAZIL 612,691,409 --------------- COLOMBIA -- (0.1%) Avianca Holdings SA 1,155,294 1,021,379 Grupo Argos SA 297,037 1,941,695 Grupo de Inversiones Suramericana SA 1,042,360 14,409,469 --------------- TOTAL COLOMBIA 17,372,543 --------------- INDIA -- (0.0%) Vedanta, Ltd. 332,631,799 4,186,983 --------------- TOTAL PREFERRED STOCKS 634,250,935 --------------- RIGHTS/WARRANTS -- (0.0%) BRAZIL -- (0.0%) * Banco ABC Brasil SA Rights 08/03/17 53,993 51,875 * Brasil Brokers Participacoes SA Rights 07/31/17 447,424 1,435 DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED SHARES VALUE++ ---------- --------------- BRAZIL -- (Continued) * Iochpe Maxion SA Warrants 06/03/19 35,327 $ 77,035 --------------- TOTAL BRAZIL 130,345 --------------- CHILE -- (0.0%) * Grupo Security SA Rights 08/24/17 174,682 6,855 --------------- INDIA -- (0.0%) * Intellect Design Arena, Ltd. Rights 08/09/17 95,697 36,025 --------------- POLAND -- (0.0%) * Hawe SA Rights 09/30/15 952,876 -- --------------- SOUTH KOREA -- (0.0%) Ssangyong Cement Industrial Co., Ltd. Rights * 08/21/17 21,575 20,244 --------------- TAIWAN -- (0.0%) * Long Chen Paper Co., Ltd. Rights 08/14/17 189,740 28,277 --------------- THAILAND -- (0.0%) * MILL W4 Warrants 07/11/22 248,290 -- --------------- TURKEY -- (0.0%) Boyner Perakende Ve Tekstil Yatirimlari A.S. * Rights 09/11/17 26,103 221,916 --------------- TOTAL RIGHTS/WARRANTS 443,662 --------------- TOTAL INVESTMENT SECURITIES 19,064,539,080 --------------- VALUE+ --------------- SECURITIES LENDING COLLATERAL -- (3.2%) (S)@ DFA Short Term Investment Fund 54,211,510 627,335,593 --------------- TOTAL INVESTMENTS -- (100.0%) (Cost $17,460,552,627)^^ $19,691,874,673 =============== DIMENSIONAL EMERGING MARKETS VALUE FUND CONTINUED Summary of the Fund's investments as of July 31, 2017, based on their valuation inputs, is as follows (See Security Valuation Note): INVESTMENTS IN SECURITIES (MARKET VALUE) ------------------------------------------------------ LEVEL 1 LEVEL 2 LEVEL 3 TOTAL -------------- --------------- ------- --------------- Common Stocks Brazil $ 846,016,081 -- -- $ 846,016,081 Chile 279,103,690 -- -- 279,103,690 China 256,296,709 $ 2,990,914,104 -- 3,247,210,813 Colombia 41,713,108 -- -- 41,713,108 Czech Republic -- 49,514,655 -- 49,514,655 Greece -- 5,925,781 -- 5,925,781 Hong Kong -- 485,482 -- 485,482 Hungary -- 85,014,572 -- 85,014,572 India 176,978,905 2,340,004,924 -- 2,516,983,829 Indonesia 2,141,162 547,314,279 -- 549,455,441 Malaysia -- 578,995,306 -- 578,995,306 Mexico 884,589,791 -- -- 884,589,791 Philippines -- 199,812,608 -- 199,812,608 Poland -- 322,825,726 -- 322,825,726 Russia 59,423,172 237,388,744 -- 296,811,916 South Africa 141,434,270 1,153,980,002 -- 1,295,414,272 South Korea 411,770,196 2,858,785,563 -- 3,270,555,759 Taiwan 38,203,058 3,100,302,738 -- 3,138,505,796 Thailand 517,539,726 25,572 -- 517,565,298 Turkey -- 303,344,559 -- 303,344,559 Preferred Stocks Brazil 612,691,409 -- -- 612,691,409 Colombia 17,372,543 -- -- 17,372,543 India -- 4,186,983 -- 4,186,983 Rights/Warrants Brazil -- 130,345 -- 130,345 Chile -- 6,855 -- 6,855 India -- 36,025 -- 36,025 South Korea -- 20,244 -- 20,244 Taiwan -- 28,277 -- 28,277 Turkey -- 221,916 -- 221,916 Securities Lending Collateral -- 627,335,593 -- 627,335,593 Futures Contracts** 3,540,435 -- -- 3,540,435 -------------- --------------- -- --------------- TOTAL $4,288,814,255 $15,406,600,853 -- $19,695,415,108 ============== =============== == =============== ** Not reflected in the Schedule of Investments, valued at the unrealized appreciation/(depreciation) on the investment. 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 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies, futures contracts) . 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. International equity securities are subject to a fair value factor, as described later in this note. 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 within the range 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 management 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 Trustees of the Fund. 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 Advisor) occur before the net asset value of the Fund 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. These securities are generally categorized as Level 2 in the hierarchy. The Fund 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 the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) 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 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, demonstrate that market quotations may be unreliable. 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). When the Fund uses fair value pricing, the values assigned to the foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy. 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, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included 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. Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment's valuation changes. The Fund recognizes transfers between the levels as of the end of the period. As of July 31, 2017, Dimensional Emerging Markets Value Fund had significant transfers of securities with a total value of $205,458 (in thousands), that transferred from Level 2 to Level 1 because fair value procedures were no longer applied. FINANCIAL INSTRUMENTS In accordance with the Fund's investment objective 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. FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, 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 of America. Consequently, acquisition and disposition of securities held by the Fund may be inhibited. DERIVATIVE FINANCIAL INSTRUMENTS Summarized below are the specific types of derivative instruments used by the Fund: 2. FUTURES CONTRACTS: The Fund may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Fund. The Fund, however, does not intend to sell futures contracts to establish short positions in individual securities. 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 Statements 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 or indices, 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. Entering into stock index futures subjects the Fund 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 July 31, 2017, the Fund had outstanding futures contracts (dollar amounts in thousands): UNREALIZED EXPIRATION NUMBER OF CONTRACT GAIN CASH DESCRIPTION DATE CONTRACTS VALUE (LOSS) COLLATERAL Dimensional Emerging Mini MSCI Markets Emerging Value Markets Fund Index (R) 09/15/17 650 $ 34,596 $2,007 $3,380 Dimensional Emerging Markets Value S&P 500 Emini Fund Index(R) 09/15/17 1,110 136,974 1,533 2,582 -------- ------ ------ $171,570 $3,540 $5,962 -------- ------ ------ FEDERAL TAX COST At July 31, 2017, the total cost of securities for federal income tax purposes was $17,460,552,628, for the Dimensional Emerging Markets Value Fund. SUBSEQUENT EVENT EVALUATIONS Management has evaluated the impact of all subsequent events on the Fund through the date that the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the Schedule of Investments. 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 Co-Principal Executive Officers 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 Co-Principal Executive Officers 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 co-principal executive officers 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 P. Butler ------------------------------------ David P. Butler Co-Chief Executive Officer Date: September 27, 2017 By: /s/ Gerard K. O'Reilly ------------------------------------ Gerard K. O'Reilly Co-Chief Executive Officer and Chief Investment Officer Date: September 27, 2017 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. By: /s/ David P. Butler ------------------------------------ David P. Butler Co-Principal Executive Officer DFA Investment Dimensions Group Inc. Date: September 27, 2017 By: /s/ Gerard K. O'Reilly ------------------------------------ Gerard K. O'Reilly Co-Principal Executive Officer DFA Investment Dimensions Group Inc. Date: September 27, 2017 By: /s/ Gregory K. Hinkle ------------------------------------ Gregory K. Hinkle Principal Financial Officer DFA Investment Dimensions Group Inc. Date: September 27, 2017