Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

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

As a shareholder of Old Westbury Funds, Inc., you incur ongoing costs, including management fees and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from November 1, 2015 through April 30, 2016.

The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Actual Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

The table below provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the tables are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, these tables are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

Shares			Value
COMMON STOCKS — 90.9%
Banks — 8.4%
	602,680	BNP Paribas SA - ADR	$	16,079,502
	379,270	Citigroup, Inc.		17,552,616
	348,510	DBS Group Holdings Ltd. - ADR		15,777,048
	452,355	HSBC Holdings Plc – ADR		15,076,992
	1,520,055	KeyCorp		18,681,477
	395,740	Morgan Stanley		10,708,724
	1,282,350	Siam Commercial Bank Public Co. Ltd.(d)		4,901,051
				98,777,410
Consumer Discretionary — 21.9%
	192,770	Accor SA		8,539,032
	471,810	Bridgestone Corp. - ADR		8,629,405
	192,500	CBS Corp. - Class B		10,762,675
	458,065	Comcast Corp. - Class A		27,832,029
	355,530	Dollar General Corp.		29,121,462
	2,352,530	Kingfisher Plc		12,508,739
	245,955	Lowe’s Cos, Inc.		18,697,499
	92,630	Mohawk Industries, Inc.(b)		17,843,317
	262,430	Nielsen Holdings Plc		13,683,100
	343,460	NIKE, Inc. - Class B		20,243,532
	1,365,370	Nissan Motor Co. Ltd.		12,832,425
	335,275	Pandora A/S - ADR		10,883,027
	230,005	PVH Corp.		21,988,478
	232,245	Royal Caribbean Cruises Ltd.		17,975,763
	235,000	Sky Plc - ADR		12,901,500
	420,000	Tata Motors Ltd. - ADR(b)		12,759,600
				257,201,583
Consumer Staples — 8.4%
	273,190	CVS Health Corp.		27,455,595
	227,770	PepsiCo, Inc.		23,451,199
	350,000	Svenska Cellulosa AB SCA - ADR		11,074,000
	439,460	Unilever NV		19,305,504
	616,155	Wilmar International Ltd. - ADR		16,993,555
				98,279,853
Diversified Financials — 5.8%
	556,040	Discover Financial Services		31,288,371
	894,120	ING Groep NV		10,949,724
	876,620	Mediobanca SpA		7,202,112
	1,237,540	ORIX Corp.		18,452,605
				67,892,812
Energy — 4.7%
	135,125	China Petroleum & Chemical Corp. - ADR		9,562,796
	466,955	ConocoPhillips		22,315,779
	914,150	Encana Corp.		6,994,373
	1,029,070	ENI SpA		16,732,462
				55,605,410

Shares			Value
Health Care — 12.9%
	140,535	Aetna, Inc.	$	15,777,864
	300,485	AstraZeneca Plc		17,246,087
	273,035	DENTSPLY Sirona, Inc.		16,272,886
	262,570	Otsuka Holdings Co. Ltd.		10,601,511
	553,560	Pfizer, Inc.		18,106,948
	176,670	Shionogi & Co. Ltd.		9,369,820
	152,830	Shire Plc		9,515,167
	137,265	St. Jude Medical, Inc.		10,459,593
	193,765	Thermo Fisher Scientific, Inc.		27,950,601
	135,827	Zimmer Holdings, Inc.		15,724,692
				151,025,169
Industrials — 4.4%
	186,500	Itochu Corp. – ADR		4,666,230
	237,245	Raytheon Co.		29,975,906
	189,360	Union Pacific Corp.		16,517,873
				51,160,009
Information Technology — 11.9%
	45,515	Alphabet, Inc. - Class C(b)		31,542,350
	396,080	Apple, Inc.		37,128,539
	121,340	Atos SE		10,794,330
	107,185	Broadcom Ltd.		15,622,214
	245,165	CDW Corp.		9,438,853
	2,122,900	Nokia Oyj		12,518,820
	188,030	NXP Semiconductors NV(b)		16,035,198
	896,810	Telefonaktiebolaget LM Ericsson - B Shares		7,258,952
				140,339,256
Insurance — 3.1%
	166,955	American International Group, Inc.		9,319,428
	106,935	CHUBB Ltd.		12,603,359
	2,228,159	RSA Insurance Group Plc - ADR		14,906,384
				36,829,171
Materials — 1.1%
	322,140	Rio Tinto Ltd.		12,626,646
Real Estate — 0.8%
	878,090	Wharf Holdings Ltd. - ADR		9,480,738
Telecommunication Services — 1.7%
	269,675	China Telecom Corp. Ltd. - ADR		13,386,667
	485,500	KDDI Corp. - ADR		6,962,070
				20,348,737
Utilities — 5.8%
	200,640	American Water Works Co., Inc.		14,598,566
	286,435	Edison International		20,253,819
	390,870	Electric Power Development Co. Ltd.		12,177,952
	452,240	Enagas SA		13,777,132

Shares			Value
Utilities (continued)
	418,550	Tokyo Gas Co. Ltd. - ADR	$	7,165,576
				67,973,045
Total Common Stocks (Cost $984,313,174)				1,067,539,839

Principal
Amount
U.S. GOVERNMENT AGENCIES — 1.6%
Federal Home Loan Bank — 1.6%
$	6,875,000	0.25%, 05/04/16(c)		6,874,905
	12,000,000	0.23%, 05/16/16(c)		11,998,833
				18,873,738
Total U.S. Government Agencies (Cost $18,873,738)				18,873,738

Shares
INVESTMENT COMPANY — 6.7%
	78,451,100	SEI Daily Income Trust Government II Fund, Class A, 0.01%,(e)		78,451,100
Total Investment Company (Cost $78,451,100)				78,451,100
TOTAL INVESTMENTS — 99.2% (Cost $1,081,638,012)(a)				1,164,864,677
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.8%				8,859,357
NET ASSETS — 100.0%			$	1,173,724,034

(a)	Cost for federal income tax purposes is $1,081,649,254 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	138,494,364
Unrealized depreciation		(55,278,941	)
Net unrealized appreciation	$	83,215,423


(b)	Non-income producing security.
(c)	The rate represents the annualized yield at time of purchase.
(d)	This security is considered either fully or partially illiquid.
(e)	Rate shown represents current yield at April 30, 2016.

ADR-American Depositary Receipt

Portfolio diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Banks		8.4	%
Consumer Discretionary		21.9	%
Consumer Staples		8.4	%
Diversified Financials		5.8	%
Energy		4.7	%
Health Care		12.9	%
Industrials		4.4	%
Information Technology		11.9	%
Insurance		3.1	%
Materials		1.1	%
Real Estate		0.8	%
Telecommunication Services		1.7	%
Utilities		5.8	%
Other*		9.1	%
		100.0	%

*	Includes cash and equivalents, U.S. government agencies, investment companies, pending trades and Fund share transactions, interest and dividends receivable, prepaid and accrued expenses payable.

Shares			Value
COMMON STOCKS — 90.0%
BELGIUM — 0.2%
	387,000	UCB SA	$	28,958,973
BERMUDA — 0.2%
	123,244	Axis Capital Holdings Ltd.		6,565,208
	74,786	RenaissanceRe Holdings Ltd.		8,294,515
	152,017	Validus Holdings Ltd.		7,006,464
				21,866,187
BRAZIL — 1.2%
	21,700,000	Ambev SA		121,142,691
	1,563,900	Ambev SA - ADR		8,742,201
	1,170,952	Banco Bradesco SA - ADR		8,747,011
	1,208,600	BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros		6,016,205
	554,100	Cia Brasileira de Distribuicao - ADR		8,117,565
	715,368	Cielo SA		6,936,839
	1,119,693	Itau Unibanco Holding SA - ADR		10,670,674
				170,373,186
CANADA — 1.3%
	1,303,000	Canadian Pacific Railway Ltd.		187,998,797
CHILE — 0.0%
	341,100	Banco Santander Chile - ADR		6,617,340
CHINA — 3.5%
	289,500	51Job, Inc. - ADR(b)		8,627,100
	1,133,500	AAC Technologies Holdings, Inc.		7,883,604
	959,200	Alibaba Group Holding Ltd. - ADR(b)		73,800,848
	375,200	Baidu, Inc. - ADR(b)		72,901,360
	4,855,500	China Shenhua Energy Co. Ltd. - H Shares		8,212,580
	122,362	CNOOC Ltd. - ADR		15,103,142
	253,800	Ctrip.com International Ltd. - ADR(b)		11,068,218
	1,854,000	ENN Energy Holdings Ltd.		9,070,544
	9,846,000	Huaneng Power International, Inc. - Class H		7,070,121
	115,100	JD.Com, Inc. -ADR(b)		2,941,955
	3,404,000	Jiangsu Expressway Co. Ltd. - H Shares		4,484,895
	795,872	Shenzhou International Group Holdings Ltd.		4,124,593
	28,700,000	Sinopharm Group Co. Ltd. - H Shares(e)		123,207,725
	6,501,500	Tencent Holdings Ltd.		133,183,147
	1,576,000	Tingyi Cayman Islands Holding Corp.		1,842,788
	2,905,000	Want Want China Holdings Ltd.		2,239,542
				485,762,162
COLUMBIA — 0.0%
	177,100	Bancolombia SA - ADR		6,851,999

Shares			Value
CZECH REPUBLIC — 0.1%
	42,188	Komercni Banka AS	$	8,679,056
DENMARK — 1.4%
	3,450,000	Novo Nordisk A/S - Class B		192,625,044
EGYPT — 0.0%
	666,500	Commercial International Bank Egypt SAE - GDR		2,486,045
FINLAND — 2.1%
	1,650,000	Kone Oyj - Class B		75,271,378
	4,870,000	Sampo Oyj - A Shares(e)		212,628,933
				287,900,311
FRANCE — 1.5%
	1,125,000	L’Oreal SA		204,113,326
GEORGIA — 0.1%
	278,302	Bank of Georgia Holdings Plc		9,312,110
GERMANY — 0.9%
	1,122,000	Bayerische Motoren Werke AG		103,422,571
	305,120	K+S AG		7,609,483
	83,625	Muenchener Rueckversicherungs- Gesellschaft AG		15,507,567
				126,539,621
GUERNSEY — 0.1%
	227,620	Amdocs Ltd.		12,869,635
HONG KONG — 2.1%
	3,224,000	AIA Group Ltd.		19,409,919
	707,709	ASM Pacific Technology Ltd.		5,109,219
	3,093,183	China Merchants Holdings International Co. Ltd.		9,211,480
	3,621,500	China Mobile Ltd.		41,528,500
	238,700	China Mobile Ltd. - ADR		13,730,024
	9,888,000	China Unicom Hong Kong Ltd.		11,676,582
	208,400	Hong Kong Exchanges and Clearing Ltd.		5,273,875
	2,875,718	Jardine Matheson Holdings Ltd.(e)		159,027,205
	795,500	Power Assets Holdings Ltd.		7,583,858
	3,844,400	Sands China Ltd.		13,777,968
	8,173,162	Sino Biopharmaceutical Ltd.		5,816,222
				292,144,852
HUNGARY — 0.1%
	412,217	Richter Gedeon		8,191,616
INDIA — 1.9%
	2,663,821	Ambuja Cements Ltd.		8,875,387
	2,329,000	Asian Paints Ltd.(e)		30,416,045
	1,630,400	Axis Bank Ltd.		11,611,653
	1,980,200	Bharti Airtel Ltd.(b)		10,854,828
	812,700	Bharti Infratel Ltd.		4,594,028
	1,732,434	Dabur India Ltd.		7,203,457
	113,233	Eicher Motors Ltd.		34,202,068
	4,581,700	Housing Development Finance Corp.		75,183,949

Shares			Value
INDIA (continued)
	762,800	Maruti Suzuki India Ltd.	$	43,638,761
	4,573,000	Motherson Sumi Systems Ltd.		17,397,807
	4,846,000	Titan Co. Ltd.(e)		26,001,679
				269,979,662
INDONESIA — 0.1%
	16,775,000	Astra International Tbk PT		8,554,131
	13,671,262	Bank Rakyat Indonesia Persero Tbk PT		10,729,266
				19,283,397
JAPAN — 5.2%
	894,800	Aeon Co. Ltd.		13,821,464
	612,900	Ajinomoto Co, Inc.		14,717,664
	4,235,000	ANA Holdings, Inc.		12,259,211
	326,200	Bandai Namco Holdings, Inc.		7,173,947
	762,400	Canon, Inc.		22,298,767
	537,900	Daiwa House Industry Co. Ltd.		14,979,302
	100,000	Fast Retailing Co. Ltd.		27,429,511
	156,500	Fujifilm Holdings Corp.		6,720,381
	1,200,000	Hoshizaki Electric Co. Ltd.(e)		104,548,872
	645,500	Japan Airlines Co. Ltd.		23,981,781
	314,800	JS Group Corp.		6,810,805
	294,300	Konami Holdings Corp.		9,501,133
	391,600	Kyowa Hakko Kirin Co. Ltd.		7,302,015
	90,600	Lawson, Inc.		7,237,782
	1,480,000	Mitsui Chemicals, Inc.		5,174,436
	343,000	NH Foods Ltd.		7,836,776
	806,100	Nikon Corp.		12,205,142
	1,229,900	Nippon Suisan Kaisha Ltd.		7,028,000
	573,500	Nippon Telegraph & Telephone Corp.		26,217,143
	5,070,000	Nomura Research Institute Ltd.(e)		185,359,962
	226,000	NTT Data Corp.		12,192,105
	121,600	Obic Co. Ltd.		6,640,000
	1,502,000	Ono Pharmaceutical Co. Ltd.		70,272,143
	2,180,000	Osaka Gas Co. Ltd.		8,129,925
	363,600	Otsuka Holdings Co. Ltd.		14,680,692
	501,500	Santen Pharmaceutical Co. Ltd.		7,522,500
	96,100	Secom Co. Ltd.		7,627,486
	65,000	Shimamura Co. Ltd.		9,059,680
	151,000	Sohgo Security Services Co. Ltd.		8,713,722
	209,600	Terumo Corp.		8,322,932
	2,375,000	Tokyo Gas Co. Ltd.		10,828,125
	1,600,000	Toray Industries, Inc.		13,935,338
	3,226,000	Ube Industries Ltd.		6,367,105
	233,300	West Japan Railway Co.		14,642,645
				721,538,492
KENYA — 0.0%
	573,679	East African Breweries Ltd.		1,686,957
LUXEMBOURG — 0.1%
	337,200	Tenaris SA - ADR		9,128,004

Shares			Value
MEXICO — 0.3%
	245,091	El Puerto de Liverpool SAB de CV	$	2,785,305
	51,200	Fomento Economico Mexicano SAB de CV - ADR		4,772,352
	66,100	Grupo Aeroportuario del Sureste SAB de CV - ADR		10,168,824
	2,286,300	Grupo Financiero Banorte SAB de CV - Series O		12,999,152
	409,200	Grupo Televisa SAB - ADR		11,960,916
				42,686,549
NETHERLANDS — 3.3%
	623,000	ASML Holding NV		60,181,800
	1,100,000	Core Laboratories NV		147,026,000
	758,969	Nostrum Oil & Gas Plc		3,340,776
	14,678,255	Reed Elsevier NV(e)		246,312,723
				456,861,299
PERU — 0.0%
	52,100	CrediCorp Ltd.		7,576,382
PHILIPPINES — 0.0%
	1,073,312	Universal Robina Corp.		4,770,530
POLAND — 0.1%
	253,386	Bank Pekao SA		10,306,181
RUSSIA — 0.2%
	224,600	Lukoil PJSC - ADR		9,545,500
	176,200	Magnit PJSC Sponsored - GDR		6,096,520
	2,144,300	Sberbank of Russia - ADR		17,197,286
				32,839,306
SINGAPORE — 0.7%
	3,224,444	Jardine Cycle & Carriage Ltd.(e)		92,596,221
		SOUTH AFRICA — 0.7%
	486,700	Aspen Pharmacare Holdings Ltd.		11,469,986
	826,380	Discovery Ltd.		7,385,333
	318,859	Massmart Holdings Ltd.		2,735,397
	461,500	Naspers Ltd. - Class N		63,322,459
	365,600	Sasol Ltd.		11,927,057
	558,100	Standard Bank Group Ltd.		5,007,326
				101,847,558
SOUTH KOREA — 0.8%
	12,515	AMOREPACIFIC Corp.		4,475,919
	242,673	Hankook Tire Co. Ltd.		11,309,405
	40,105	Hyundai Mobis		9,169,170
	238,125	Kia Motors Corp.		10,010,696
	236,080	Korea Electric Power Corp.		12,804,760
	447,310	LG Display Co. Ltd.		9,382,753
	298,060	LG Electronics, Inc.		15,224,760
	7,500	LG Household & Health Care Ltd.		6,628,489
	44,400	Samsung Electronics Co. Ltd. - GDR		24,257,505

Shares			Value
SOUTH KOREA (continued)
	78,610	Samsung Life Insurance Co. Ltd.	$	7,554,674
				110,818,131
SWEDEN — 1.8%
	2,500,000	Atlas Copco AB - A Shares		64,691,269
	3,780,700	Investor AB - B Shares(e)		138,743,444
	4,900,950	Nordea Bank AB		47,572,559
				251,007,272
SWITZERLAND — 2.8%
	188,495	Allied World Assurance Co. Holdings AG		6,706,652
	316,700	Coca-Cola HBC AG - CDI		6,478,469
	2,693,000	Nestle SA		200,718,753
	608,097	Roche Holding AG		153,719,923
	205,995	Swiss Re AG		18,273,923
				385,897,720
TAIWAN — 0.4%
	970,000	Advantech Co. Ltd.		6,857,037
	454,150	Airtac International Group		3,013,304
	310,930	Eclat Textile Co. Ltd.		3,552,467
	772,330	Hiwin Technologies Corp.		3,400,331
	1,670,250	Hon Hai Precision Industry Co., Ltd.		3,992,691
	143,000	Largan Precision Co. Ltd.		10,064,490
	390,000	MediaTek, Inc.		2,781,137
	5,834,000	Taiwan Semiconductor Manufacturing Co. Ltd.		27,132,360
				60,793,817
THAILAND — 0.7%
	2,786,000	Airports of Thailand Public Co. Ltd.		31,265,731
	40,660,000	CP ALL Public Co. Ltd.(e)		53,254,938
	2,367,500	Siam Commercial Bank Public Co. Ltd.		9,048,418
				93,569,087
TURKEY — 0.1%
	709,100	Arcelik AS		4,761,969
	3,194,400	Turkiye Garanti Bankasi AS		9,841,218
				14,603,187
UNITED ARAB EMIRATES — 0.1%
	312,200	DP World Ltd.		5,900,580
	339,800	MHP SA - GDR		3,126,159
				9,026,739
UNITED KINGDOM — 1.7%
	3,131,000	ARM Holdings Plc		42,889,465
	890,768	ASOS Plc(b)		46,868,820
	135,590	Berkeley Group Holdings Plc		5,933,634
	222,133	Hikma Pharmaceuticals Plc		7,153,539
	880,000	Reckitt Benckiser Group Plc		85,558,223

Shares			Value
UNITED KINGDOM (continued)
	4,637,000	Rolls-Royce Holdings Plc	$	45,361,141
				233,764,822
UNITED STATES — 54.2%
	14,813	Alleghany Corp.(b)		7,721,721
	55,000	Alphabet, Inc. - Class A(b)		38,933,400
	299,000	Alphabet, Inc. - Class C(b)		207,209,990
	78,000	Amazon.com, Inc.(b)		51,448,020
	599,000	Anadarko Petroleum Corp.		31,603,240
	2,584,709	Apple, Inc.		242,290,622
	2,435,000	Automatic Data Processing, Inc.		215,351,400
	123,690	AutoZone, Inc.(b)		94,651,299
	2,528,757	Bank of New York Mellon Corp. (The)		101,757,182
	2,043,800	Baxalta, Inc.		85,737,410
	779,586	Baxter International, Inc.		34,473,293
	963,000	Becton Dickinson and Co.		155,293,380
	1,246,000	Berkshire Hathaway, Inc. - Class B(b)		181,268,080
	170,671	Big Lots, Inc.		7,826,972
	169,000	Biogen Idec, Inc.(b)		46,473,310
	509,000	BioMarin Pharmaceutical, Inc.(b)		43,102,120
	2,010,000	Bristol-Myers Squibb Co.		145,081,800
	760,453	Brocade Communications Systems, Inc.		7,307,953
	203,534	Cablevision Systems Corp.		6,796,000
	474,264	Cardinal Health, Inc.		37,210,753
	483,000	Cerner Corp.(b)		27,115,620
	2,110,000	Charles Schwab Corp. (The)		59,945,100
	273,477	Clorox Co. (The)		34,247,525
	2,597,000	Coca-Cola Co. (The)		116,345,600
	989,000	Cognizant Technology Solutions Corp. - Class A(b)		57,727,930
	2,244,400	Colgate-Palmolive Co.		159,172,848
	1,138,454	Comcast Corp. - Class A		69,172,465
	4,381,950	Corning, Inc.		81,811,007
	720,000	Costco Wholesale Corp.		106,653,600
	504,742	Darden Restaurants, Inc.		31,420,190
	3,400,200	Discovery Communications, Inc. - Class A(b)		92,859,462
	718,774	Edwards Lifesciences Corp.(b)		76,340,987
	876,000	Facebook, Inc. - Class A(b)		103,000,080
	89,337	Factset Research Systems, Inc.		13,467,553
	1,426,250	Fluor Corp.		77,958,825
	3,667,950	Gap, Inc. (The)		85,023,081
	1,307,500	Gilead Sciences, Inc.		115,334,575
	8,058,900	Hewlett Packard Enterprise Co.		134,261,274
	320,000	Illumina, Inc.(b)		43,196,800
	1,213,195	Ingersoll-Rand Plc		79,512,800
	282,161	International Business Machines Corp.		41,178,576
	114,832	Jack Henry & Associates, Inc.		9,304,837
	385,349	Johnson & Johnson		43,189,916
	1,884,298	JPMorgan Chase & Co.		119,087,634
	434,000	Kansas City Southern		41,121,500

Shares			Value
UNITED STATES (continued)
	299,144	Kimberly-Clark Corp.	$	37,449,837
	2,369,600	Kraft Heinz Co. (The)		184,994,672
	856,000	Las Vegas Sands Corp.		38,648,400
	304,000	Linkedin Corp.(b)		38,094,240
	1,024,574	Lockheed Martin Corp.		238,090,506
	214,000	Markel Corp.(b)(e)		192,409,540
	2,116,500	Mastercard, Inc. - Class A		205,279,335
	3,410,700	Mattel, Inc.		106,038,663
	176,406	McCormick & Co., Inc. - Non Voting Shares		16,543,355
	322,215	McDonald’s Corp.		40,756,975
	310,700	McKesson Corp.		52,141,674
	579,000	Medidata Solutions, Inc.(b)		25,261,770
	1,583,100	Medtronic Plc		125,302,365
	2,465,100	Merck & Co., Inc.		135,186,084
	566,000	Monsanto Co.		53,022,880
	151,135	Myriad Genetics, Inc.(b)		5,440,860
	238,625	National Oilwell Varco, Inc.		8,600,045
	890,000	NIKE, Inc. - Class B		52,456,600
	719,586	NiSource, Inc.		16,341,798
	983,220	Occidental Petroleum Corp.		75,363,813
	2,786,320	Oracle Corp.		111,062,715
	140,387	Panera Bread Co. - Class A(b)		30,111,608
	1,065,782	People’s United Financial, Inc.		16,519,621
	1,567,865	PepsiCo, Inc.		161,427,380
	1,487,000	Philip Morris International, Inc.		145,904,440
	1,283,883	PNC Financial Services Group, Inc. (The)		112,699,250
	500,700	Praxair, Inc.		58,812,222
	109,900	Priceline Group, Inc. (The)(b)		147,668,234
	1,653,445	Quest Diagnostics, Inc.		124,289,461
	1,292,800	Range Resources Corp.		57,025,408
	200,083	Raytheon Co.		25,280,487
	138,000	Regeneron Pharmaceuticals, Inc.(b)		51,985,980
	448,404	Republic Services, Inc.		21,106,376
	102,057	Sanderson Farms, Inc.		9,362,709
	861,300	Schlumberger Ltd.		69,196,842
	1,010,500	Synchrony Financial(b)		30,890,985
	3,522,700	Texas Instruments, Inc.		200,934,808
	189,629	Texas Roadhouse, Inc.		7,721,693
	554,598	TJX Cos., Inc.		42,049,620
	288,000	Under Armour, Inc. - Class A(b).		12,654,720
	288,000	Under Armour, Inc. - Class C(b).		11,750,400
	3,986,000	US BanCorp		170,162,340
	1,608,900	Verizon Communications, Inc.(b)		81,957,366
	1,314,000	Visa, Inc. - Class A		101,493,360
	1,200,000	Wabtec Corp.		99,516,000
	585,439	Wal-Mart Stores, Inc.		39,148,306
	1,195,000	Walt Disney Co. (The)		123,395,700
	177,787	Waste Connections, Inc.		11,961,509
	576,348	Waste Management, Inc.		33,883,499
	2,494,000	Wells Fargo & Co.		124,650,120
	1,495,000	Whole Foods Market, Inc.		43,474,600

Shares			Value
UNITED STATES (continued)
	847,000	Workday, Inc. - Class A(b)	$	63,508,060
				7,549,016,961
Total Common Stocks (Cost $10,909,696,142)				12,532,888,534
PREFERRED STOCKS — 0.0%
SOUTH KOREA — 0.0%
	11,100	Samsung Electronics Co. Ltd. - GDR, 6.74%		5,080,437
Total Preferred Stocks (Cost $5,313,420)				5,080,437
PARTICIPATION NOTES — 0.1%
UNITED KINGDOM — 0.1%
	132,800	HSBC Bank Plc (Jarir Marketing), 0.00%, due 1/22/18(f)		4,362,692
	167,120	HSBC Bank Plc (Qatar National Bank), 0.00%, due 9/12/16(f)		6,408,501
Total Participation Notes (Cost $13,435,128)				10,771,193
RIGHTS/WARRANTS—0.0%
United Kingdom — 0.0%
	329,227,000	Rolls-Royce Holdings Plc - Entitlement Shares		481,052
Total Rights/Warrants (Cost $479,846)				481,052

Principal
Amount
U.S. GOVERNMENT AGENCIES — 1.4%
Federal Home Loan Bank — 1.4%
$	6,875,000	0.25%, 05/04/16(c)		6,874,904
	17,000,000	0.25%, 05/06/16(c)		16,999,524
	17,800,000	0.29%, 05/09/16(c)		17,799,128
	84,200,000	0.31%, 05/13/16(c)		84,193,601
	12,000,000	0.23%, 05/16/16(c)		11,998,836
	30,425,000	0.20%, 05/25/16(c)		30,420,132
	35,135,000	0.28%, 05/26/16(c)		35,129,132
Total U.S. Government Agencies (Cost $203,411,809)				203,415,257

Shares			Value
EXCHANGE TRADED FUNDS — 7.0%
	3,000,000	iShares MSCI Emerging Markets Index Fund	$	103,170,000
	12,100,000	iShares MSCI EMU		426,767,000
	31,973,000	iShares MSCI Japan Index Fund		365,131,660
	1,843,000	WisdomTree Japan Hedged Equity Fund		75,747,300
Total Exchange Traded Funds (Cost $964,084,539)				970,815,960
INVESTMENT COMPANY — 1.5%
	204,126,500	Federated Government Obligations Fund, 0.00%(d)		204,126,500
Total Investment Company (Cost $204,126,500)				204,126,500
TOTAL INVESTMENTS — 100.0% (Cost $12,300,547,384)(a)				13,927,578,933
LIABILITIES IN EXCESS OF OTHER ASSETS — 0.0%				(1,227,487	)
NET ASSETS — 100.0%			$	13,926,351,446

(a)	Cost for federal income tax purposes is $12,310,999,742 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	1,912,031,548
Unrealized depreciation		(295,452,357	)
Net unrealized appreciation	$	1,616,579,191


(b)	Non-income producing security.
(c)	The rate represents the annualized yield at time of purchase.
(d)	Rate shown represents current yield at April 30, 2016.
(e)	This security is considered either fully or partially illiquid.
(f)	Security exempt from registration under Rule 144A of the

Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors. The aggregate value of these securities is $10,771,193, which is 0.08% of net assets.

ADR-American Depositary Receipt

CDI-Chess Depositary Interests

GDR-Global Depositary Receipt

Portfolio diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Banks		4.9	%
Consumer Discretionary		12.6	%
Consumer Staples		13.2	%
Diversified Financials		4.7	%
Energy		3.2	%
Health Care		14.5	%
Industrials		10.2	%
Information Technology		19.8	%
Insurance		3.6	%
Materials		1.3	%
Real Estate		0.1	%
Telecommunication Services		1.4	%
Utilities		0.5	%
Other*		10.0	%
		100.0	%

*	Includes cash and equivalents, participation notes, rights/ warrants, exchange traded funds, U.S. government agencies, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaid and accrued expenses payable.

Shares			Percentage of Net Assets (%)		Value
COMMON STOCKS — 87.6%
AUSTRALIA — 2.0%
	44,250,097	Other Securities		2.0	$	108,151,792
AUSTRIA — 0.2%
	383,305	Other Securities		0.2		9,915,736
BELGIUM — 0.4%
	560,979	Other Securities		0.4		21,572,929
BERMUDA — 0.8%
	400,000	Endurance Specialty Holdings Ltd.		0.5		25,592,000
	579,652	Other Securities		0.3		17,233,560
						42,825,560
BRAZIL — 0.3%
	3,335,836	Other Securities		0.3		18,034,359
CAMBODIA — 0.0%
	416,000	Other Securities		0.0		297,645
CANADA — 1.8%
	1,471,119	CAE, Inc.		0.3		17,399,702
	7,826,484	Other Securities		1.5		77,641,585
						95,041,287
CHILE — 0.0%
	30,008,062	Other Securities		0.0		2,192,212
CHINA — 1.1%
	107,152,111	Other Securities		1.1		60,022,772
CURACAO — 0.0%
	71,060	Other Securities		0.0		2,526,800
DENMARK — 0.6%
	308,793	Chr. Hansen Holding A/S		0.4		19,217,313
	595,395	Other Securities		0.2		11,986,206
						31,203,519
FAEROE ISLANDS — 0.0%
	7,968	Other Securities		0.0		273,186
FINLAND — 0.4%
	1,560,944	Other Securities		0.4		20,660,168
FRANCE — 2.4%
	3,396,640	Other Securities		2.4		129,037,795
GEORGIA — 0.0%
	4,097	Other Securities		0.0		137,087
GERMANY — 2.7%
	175,208	MTU Aero Engines AG		0.3		16,535,340
	3,421,948	Other Securities		2.4		130,222,226
						146,757,566
GIBRALTAR — 0.0%
	23,380	Other Securities		0.0		73,789
GREECE — 0.0%
	540,931	Other Securities		0.0		1,220,860

Shares			Percentage of Net Assets (%)		Value
GUERNSEY — 0.0%
	5,739	Other Securities		0.0	$	2,736
HONG KONG — 0.9%
	179,057,473	Other Securities		0.9		50,286,943
HUNGARY — 0.0%
	9,919	Other Securities		0.0		17,221
INDIA — 1.2%
	13,368,449	Other Securities		1.2		63,136,259
INDONESIA — 0.4%
	267,615,624	Other Securities		0.4		24,010,211
IRELAND — 0.6%
	4,256,659	Other Securities		0.6		29,707,603
ISLE OF MAN — 0.0%
	15,866	Other Securities		0.0		125,650
ISRAEL — 1.6%
	932,500	Check Point Software Technologies Ltd.(b)		1.4		77,276,275
	4,258,615	Other Securities		0.2		10,757,038
						88,033,313
ITALY — 0.6%
	13,363,374	Other Securities		0.6		33,803,558
JAPAN — 7.7%
	376,600	Nifco, Inc.		0.3		18,759,211
	57,939,960	Other Securities		7.4		397,389,683
						416,148,894
JERSEY CHANNEL ISLANDS — 0.0%
	459,534	Other Securities		0.0		2,065,204
LUXEMBOURG — 0.3%
	484,802	Other Securities		0.3		14,243,402
MALAYSIA — 0.4%
	34,074,349	Other Securities		0.4		23,558,261
MALTA — 0.0%
	39,751	Other Securities		0.0		397,571
MARTINIQUE — 0.0%
	100,000	Other Securities		0.0		140,520
MEXICO — 0.4%
	13,005,971	Other Securities		0.4		22,244,798
MONACO — 0.0%
	12,500	Other Securities		0.0		168,267
MONGOLIA — 0.0%
	317,500	Other Securities		0.0		2,783
NETHERLANDS — 0.7%
	1,592,561	Other Securities		0.7		36,128,041
NEW ZEALAND — 0.7%
	11,305,746	Other Securities		0.7		35,490,632
NORWAY — 0.1%
	942,703	Other Securities		0.1		4,360,399

Shares			Percentage of Net Assets (%)		Value
PERU — 0.1%
	3,665,026	Other Securities		0.1	$	3,514,704
PHILIPPINES — 0.2%
	46,145,853	Other Securities		0.2		11,036,521
POLAND — 0.1%
	826,010	Other Securities		0.1		3,056,795
PORTUGAL — 0.1%
	6,477,913	Other Securities		0.1		3,587,393
SINGAPORE — 1.2%
	9,845,500	CapitaLand Mall Trust REIT		0.3		15,154,244
	34,109,363	Other Securities		0.9		51,609,256
						66,763,500
SOUTH AFRICA — 0.4%
	3,737,190	Other Securities		0.4		20,321,741
SOUTH KOREA — 0.8%
	2,504,525	Other Securities		0.8		44,785,284
SPAIN — 0.7%
	6,545,266	Other Securities		0.7		39,325,801
SWAZILAND — 0.0%
	84,845	Other Securities		0.0		10,143
SWEDEN — 1.0%
	3,589,026	Other Securities		1.0		54,356,022
SWITZERLAND — 1.5%
	560,000	Allied World Assurance Co. Holdings AG		0.4		19,924,800
	1,064,402	Other Securities		1.1		60,322,089
						80,246,889
TAIWAN — 0.7%
	38,951,438	Other Securities		0.7		37,735,425
THAILAND — 0.2%
	41,152,656	Other Securities		0.2		12,033,119
TURKEY — 0.1%
	1,524,788	Other Securities		0.1		2,603,623
UKRAINE — 0.0%
	11,788	Other Securities		0.0		158,895
UNITED ARAB EMIRATES — 0.0%
	751,842	Other Securities		0.0		574,075
UNITED KINGDOM — 4.6%
	456,346	Croda International Plc		0.4		20,077,114
	1,272,327	Greene King Plc		0.3		15,207,168
	306,651	Spirax-Sarco Engineering Plc		0.3		15,301,408
	32,544,886	Other Securities		3.6		196,055,098
						246,640,788
UNITED STATES — 47.6%
	523,587	Advance Auto Parts, Inc.		1.5		81,731,931
	680,000	ANSYS, Inc.(b)		1.1		61,723,600
	270,000	Blackbaud, Inc.		0.3		16,677,900
	400,000	CLARCOR, Inc.		0.4		23,508,000

Shares			Percentage of Net Assets (%)		Value
UNITED STATES (continued)
	485,000	Cooper Cos., Inc. (The)		1.4	$	74,243,800
	2,524,400	CoreLogic, Inc.(b)(c)		1.7		89,565,712
	460,000	CR Bard, Inc.		1.8		97,598,200
	400,000	CST Brands, Inc.		0.3		15,108,000
	936,234	Dun & Bradstreet Corp. (The)(c)		1.9		103,369,596
	550,000	Financial Engines, Inc.		0.3		17,715,500
	965,000	Flowserve Corp.		0.9		47,101,650
	695,000	IDEX Corp.		1.0		56,920,500
	790,200	Ingredion, Inc.		1.7		90,944,118
	350,000	Integra LifeScience Holdings Corp.(b)		0.5		24,787,000
	680,000	JM Smucker Co. (The)		1.6		86,346,400
	415,000	John Wiley & Sons, Inc. - Class A(c)		0.4		20,579,850
	2,200,000	KAR Auction Services, Inc.(c)		1.5		82,720,000
	625,000	Laboratory Corp of America Holdings(b)		1.4		78,325,000
	335,000	LogMein, Inc.(b)		0.4		19,999,500
	1,325,000	Nasdaq, Inc.		1.5		81,765,750
	2,678,900	Newell Brands, Inc.		2.3		121,997,106
	15,265,712	Nexteer Automotive Group Ltd.		0.3		16,098,380
	544,200	Omnicom Group, Inc.		0.8		45,152,274
	600,000	Qualys, Inc.(b)		0.3		15,108,000
	200,000	RBC Bearings, Inc.(b)(c)		0.3		14,660,000
	867,000	Rockwell Collins, Inc.		1.4		76,460,730
	11,854,500	Samsonite International SA(c)		0.7		38,282,719
	440,000	Snap-on, Inc.		1.3		70,083,200
	500,000	Snyder’s-Lance, Inc.		0.3		15,985,000
	885,000	Spectrum Brands Holdings, Inc.(c)		1.9		100,536,000
	255,000	TreeHouse Foods, Inc.(b)		0.4		22,542,000
	365,000	UMB Financial Corp.		0.4		20,348,750
	680,000	Universal Health Services, Inc., Series B		1.7		90,902,400
	1,350,000	Vantiv, Inc. - Class A(b)		1.4		73,629,000
	506,351	Waters Corp.(b)		1.2		65,906,646
	230,000	WEX, Inc.(b)		0.4		21,732,700
	1,100,000	Wolverine World Wide, Inc.		0.4		20,845,000
	285,000	Woodward, Inc.		0.3		15,449,849
	1,377,500	Wyndham Worldwide Corp.		1.8		97,733,625
	14,436,343	Other Securities		8.4		450,976,795
						2,565,162,181
Total Common Stocks (Cost $3,768,977,558)						4,725,930,227
INVESTMENT COMPANY — 0.8%
	41,802,100	SEI Daily Income Trust Government II Fund, Class A, 0.01%(d)		0.8	$	41,802,100
Total Investment Company (Cost $41,802,100)						41,802,100

Shares			Percentage of Net Assets (%)		Value
EXCHANGE TRADED FUNDS — 5.0%
	192,200	iShares Core S&P Small Cap ETF		0.4	$	21,895,424
	952,300	iShares MSCI EAFE Small Cap Index Fund		0.9		47,986,397
	100,861	iShares MSCI Japan Small Cap Index Fund(c)		0.1		5,872,127
	55,000	SPDR Russell Nomura Small Cap Japan Fund(c)		0.1		2,914,175
	180,000	SPDR S&P Emerging Markets Small Cap Fund(c)		0.1		7,065,000
	860,000	SPDR S&P Oil & Gas Exploration & Production ETF		0.6		30,736,400
	868,200	SPDR S&P Regional Banking ETF		0.7		35,031,870
	584,870	Vanguard FTSE All World ex-US Small-Cap ETF(c)		1.0		56,264,494
	495,750	Vanguard Small-Cap ETF		1.0		56,247,795
	185,000	WisdomTree Emerging Markets Small Cap Dividend Fund		0.1		7,142,850
Total Exchange Traded Funds (Cost $240,353,271)						271,156,532
RIGHTS/WARRANTS—0.0%
	3,403,683	Other Rights/Warrants		0.0		125,108
Total Rights/Warrants (Cost $56,063)						125,108


Principal Amount			Percentage of Net Assets (%)		Value
U.S. GOVERNMENT AGENCIES — 5.5%
Federal Home Loan Bank — 5.5%
	$21,500,000	0.22%, 05/05/2016(e)		0.4		21,499,549
	12,000,000	0.23%, 05/16/2016(e)		0.2		11,998,836
	36,000,000	0.24%, 05/24/2016(e)		0.7		35,994,492
	1,000,000	0.25%, 05/04/2016(e)		0.0		999,986
	3,000,000	0.25%, 05/06/2016(e)		0.1		2,999,916
	8,000,000	0.25%, 05/10/2016(e)		0.1		7,999,552
	6,875,000	0.26%, 05/04/2016(e)		0.1		6,874,904
	12,000,000	0.26%, 05/06/2016(e)		0.2		11,999,664
	6,700,000	0.26%, 05/11/2016(e)		0.1		6,699,578
	4,000,000	0.27%, 05/18/2016(e)		0.1		3,999,556
	16,000,000	0.27%, 05/23/2016(e)		0.3		15,997,664
	20,000,000	0.27%, 06/03/2016(e)		0.4		19,994,940
	48,600,000	0.28%, 05/04/2016(e)		0.9		48,599,320
	30,000,000	0.29%, 05/09/2016(e)		0.6		29,998,530
	13,000,000	0.29%, 05/09/2016(e)		0.2		12,999,363
	10,600,000	0.29%, 06/22/2016(e)		0.2		10,595,718
	20,000,000	0.31%, 05/10/2016(e)		0.4		19,998,880
	10,000,000	0.31%, 05/13/2016(e)		0.2		9,999,240
	14,700,000	0.32%, 05/09/2016(e)		0.3		14,699,280

Principal Amount			Percentage of Net Assets (%)		Value
Federal Home Loan Bank (continued)
$	1,700,000	0.33%, 05/17/2016(e)		0.0	$	1,699,823
Total U.S. Government Agencies (Cost $295,648,307)						295,648,791

Shares
CASH SWEEP — 1.0%
	52,706,153	Citibank - US Dollars on Deposit in Custody Account, 0.02%(d)		1.0	$	52,706,153
Total Cash Sweep (Cost $52,706,153)						52,706,153
TOTAL INVESTMENTS — 99.9% (Cost $4,399,543,452)(a)					$	5,387,368,911
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.1%						4,297,750
NET ASSETS — 100.0%					$	5,391,666,661

(a)	Cost for federal income tax purposes is $4,404,828,143 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	1,150,654,335
Unrealized depreciation		(168,113,567	)
Net unrealized appreciation	$	982,540,768


(b)	Non-income producing security.
(c)	This security is considered either fully or partially illiquid. These securities, or portions thereof, have a value of $508,928,958 or 9.44% of net assets.
(d)	The rate shown is the current yield as of April 30, 2016.
(e)	The rate represents the annualized yield at time of purchase.

	This Condensed Portfolio of Investments does not reflect the complete portfolio holdings of the Fund. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). The complete Portfolio of Investments is available (i) without charge, upon request, by calling (800) 607-2200; and (ii) on the SEC’s website at http://www.sec.gov.

	Level 3 common stocks and rights with a value of $1,361,290 (cost of $9,535,365) or 0.03% of net assets were fair valued by the Board of Directors.

REIT — Real Estate Investment Trust

Portfolio diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
Banks		3.1	%
Consumer Discretionary		14.5	%
Consumer Staples		9.1	%
Diversified Financials		2.9	%
Energy		1.1	%
Health Care		13.1	%
Industrials		21.2	%
Information Technology		11.5	%
Insurance		2.1	%
Materials		5.3	%
Real Estate		2.4	%
Telecommunication Services		0.4	%
Utilities		1.0	%
Other*		12.3	%
Total		100.0	%

*	Includes cash and equivalents, exchange traded funds, rights/warrants, U.S. government agencies, investment companies, pending trades and Fund share transactions, interest and dividends receivable, prepaids, and accrued expenses payable.

Shares			Value
COMMON STOCKS — 9.9%
BELGIUM — 0.1%
	52,792	Groupe Bruxelles Lambert SA	$	4,662,491
BERMUDA — 0.4%
	31,689	Argo Group International Holdings Ltd.		1,741,944
	34,357	Axis Capital Holdings Ltd.		1,830,197
	55,688	Golar LNG Ltd.		923,307
	118,959	RenaissanceRe Holdings Ltd.		13,193,743
	164,116	Validus Holdings Ltd.		7,564,106
				25,253,297
CANADA — 0.0%
	33,010	Enbridge, Inc.		1,371,235
	46,068	TransCanada Corp.		1,911,361
				3,282,596
CHINA — 0.1%
	3,789,500	China Shenhua Energy Co. Ltd. - H Shares		6,409,550
HONG KONG — 0.6%
	4,772,000	Anxin-China Holdings Ltd.(b)(c)(d)		44,417
	2,236,000	China Lumena New Materials Corp.(b)(c)(d)		0
	1,289,985	China Mobile Ltd.		14,792,529
	2,350,600	Guangdong Investment Ltd.		3,333,368
	5,286,000	Li & Fung Ltd.		3,277,812
	1,163,500	Link REIT (The)		7,072,287
	1,453,832	MTR Corp. Ltd.		7,197,095
	368,500	Power Assets Holdings Ltd.		3,513,075
	2,523,000	Sino Biopharmaceutical Ltd.		1,795,429
				41,026,012
IRELAND — 0.1%
	84,227	Eaton Corp. Plc		5,329,042
JAPAN — 1.8%
	37,600	Ain Pharmaciez, Inc.		1,887,068
	140,000	Ajinomoto Co, Inc.		3,361,842
	19,700	Cosmos Pharmaceutical Corp.		3,425,282
	67,510	East Japan Railway Co.		6,233,254
	50,907	Hisamitsu Pharmaceutical Co., Inc.		2,502,290
	191,400	Kewpie Corp.		5,200,539
	31,300	Kobayashi Pharmaceutical Co. Ltd.		2,594,605
	73,900	Konami Holdings Corp.		2,385,775
	57,300	Lawson, Inc.		4,577,538
	363,000	Lion Corp.		4,598,910
	127,600	Miura Co. Ltd.		2,471,650
	361,000	Nichirei Corp.		3,257,143
	130,400	Nikon Corp.		1,974,383
	99,000	Nissin Foods Holdings Co. Ltd.		4,726,692
	45,356	Nitori Holdings Co. Ltd.		4,382,140
	36,100	Obic Co. Ltd.		1,971,250
	44,300	Oracle Corp. Japan		2,460,648

Shares			Value
JAPAN (continued)
	722,000	Osaka Gas Co. Ltd.	$	2,692,571
	411,500	Otsuka Holdings Co. Ltd.		16,614,699
	83,800	Park24 Co. Ltd.		2,429,727
	19,700	Rinnai Corp.		1,808,919
	139,800	Rohto Pharmaceutical Co. Ltd.		2,485,917
	77,600	Sankyo Co. Ltd.		3,041,278
	83,733	Sawai Pharmaceutical Co. Ltd.		5,571,707
	61,400	Sohgo Security Services Co. Ltd.		3,543,195
	1,050,300	Sumitomo Osaka Cement Co. Ltd.		4,639,483
	836,000	Toray Industries Inc.		7,281,214
	93,700	Toyo Suisan Kaisha Ltd.		3,434,492
	26,200	Tsuruha Holdings, Inc.		2,600,301
	115,628	West Japan Railway Co.		7,257,178
	312,000	Yokogawa Electric Corp.		3,536,391
				124,948,081
MALAYSIA — 0.2%
	2,104,000	DiGi.com Berhad		2,369,794
	2,193,500	Malayan Banking Berhad		5,014,196
	1,002,800	Public Bank Berhad		4,800,297
				12,184,287
PAKISTAN — 0.0%
	1,050,800	Engro Corp. Ltd.		3,136,908
SINGAPORE — 0.2%
	387,400	DBS Group Holdings Ltd.		4,401,585
	723,500	Oversea-Chinese Banking Corp. Ltd.		4,718,069
	329,700	United Overseas Bank Ltd.		4,559,929
				13,679,583
SOUTH KOREA — 0.3%
	71,861	Dongbu Insurance Co. Ltd.		4,421,148
	9,259	Green Cross Corp.		1,405,834
	64,057	Green Cross Holdings Corp.		1,978,942
	142,129	Kia Motors Corp.		5,975,056
	95,908	LG Display Co. Ltd.		2,011,762
	348,640	LG Uplus Corp.		3,427,039
	10,527	Shinsegae Co. Ltd.		1,954,064
				21,173,845
SWITZERLAND — 0.2%
	204,869	Allied World Assurance Co. Holdings AG		7,289,239
	37,245	CHUBB Ltd.		4,389,696
				11,678,935
TAIWAN — 0.1%
	9,376,000	First Financial Holding Co. Ltd.		4,593,086
	997,000	Foxconn Technology Co. Ltd.		2,058,729
				6,651,815

Shares			Value
THAILAND — 0.0%
	1,411,692	Bangkok Expressway & Metro Public Co. Ltd. - FOR(b)(d)	$	240,469
UNITED KINGDOM — 0.1%
	83,000	BP Plc - ADR		2,787,140
	333,293	Meggitt Plc		2,000,079
	18,000	Michael Kors Holdings Ltd.(d)		929,880
	15,000	Rio Tinto Plc - ADR		504,900
				6,221,999
UNITED STATES — 5.7%
	29,595	3M Co.		4,953,611
	17,000	AbbVie, Inc.		1,037,000
	24,500	Advance Auto Parts, Inc.		3,824,450
	69,917	Altria Group, Inc.		4,384,495
	72,766	American Electric Power Co., Inc.		4,620,641
	60,807	American Financial Group, Inc.		4,202,372
	92,997	American Water Works Co., Inc.		6,766,462
	41,095	Amgen, Inc.		6,505,339
	39,627	Anthem, Inc.		5,578,293
	59,411	AptarGroup, Inc.		4,515,236
	109,983	Arthur J Gallagher & Co.		5,063,617
	136,109	Baxter International, Inc.		6,018,740
	31,000	Best Buy Co., Inc.		994,480
	33,000	CA, Inc.		978,780
	25,393	Calpine Corp.(d)		400,702
	523,510	Capitol Federal Financial, Inc.		6,957,448
	48,322	Cardinal Health, Inc.		3,791,344
	40,808	Carnival Corp.		2,001,632
	68,077	Caterpillar Inc.		5,290,944
	49,763	Church & Dwight Co., Inc.		4,613,030
	105,000	Cisco Systems, Inc.		2,886,450
	50,000	Citigroup, Inc.		2,314,000
	32,349	Clorox Co. (The)		4,051,065
	13,077	Columbia Pipeline Group, Inc.		335,033
	104,804	Commerce Bancshares, Inc.		4,906,923
	52,978	Consolidated Edison, Inc.		3,952,159
	90,348	Crane Co.		5,020,638
	47,064	Danaher Corp.		4,553,442
	232,714	Darden Restaurants, Inc.		14,486,447
	20,500	Delta Air Lines, Inc.		854,235
	38,000	Discovery Communications, Inc. - Class A(d)		1,037,780
	59,028	Dollar Tree, Inc.(d)		4,705,122
	74,685	Dover Corp.		4,906,805
	52,184	DTE Energy Co.		4,652,725
	14,200	EOG Resources, Inc.		1,173,204
	7,571	Exelon Corp.		265,666
	14,500	Express Scripts Holding Co.(d)		1,069,085
	55,950	Exxon Mobil Corp.		4,945,980
	19,600	Fluor Corp.		1,071,336
	122,660	Franklin Resources, Inc.		4,580,124
	1,725,000	General Motors Co., Escrow Shares(c)(d)		258,750
	125,000	Gilead Sciences, Inc.		11,026,250

Shares			Value
UNITED STATES (continued)
	295,066	Government Properties Income Trust, REIT	$	5,582,649
	48,934	Hershey Co. (The)		4,556,245
	25,000	Hess Corp.		1,490,500
	58,000	Hewlett Packard Enterprise Co.		966,280
	84,387	IAC/InterActiveCorp.		3,910,494
	30,000	Intel Corp.		908,400
	34,767	International Business Machines Corp.		5,073,896
	51,000	Jabil Circuit, Inc.		885,360
	42,298	Johnson & Johnson.		4,740,760
	85,011	Kimberly-Clark Corp.		10,642,527
	95,396	Kinder Morgan, Inc.		1,694,233
	12,500	Lam Research Corp.		955,000
	8,900	Lear Corp.		1,024,657
	38,893	Lockheed Martin Corp.		9,037,955
	31,199	Macquarie Infrastructure Corp.		2,196,098
	12,500	ManpowerGroup, Inc.		962,875
	48,801	McCormick & Co., Inc. - Non Voting Shares		4,576,558
	113,097	McDonald’s Corp.		14,305,640
	6,400	McKesson Corp.		1,074,048
	112,152	Microsoft Corp.		5,593,020
	29,000	Newfield Exploration Co.(d)		1,051,250
	257,713	NexPoint Residential Trust, Inc., REIT(b)		3,623,445
	18,554	NextEra Energy, Inc.		2,181,579
	274,215	NiSource, Inc.		6,227,423
	161,975	Northwest Bancshares, Inc.		2,270,890
	99,551	NRG Yield, Inc. - Class A		1,506,207
	58,846	Omnicom Group, Inc.		4,882,453
	24,500	Oracle Corp.		976,570
	15,687	Panera Bread Co. - Class A(d)		3,364,705
	91,020	Pattern Energy Group, Inc.		1,911,420
	87,781	Paychex, Inc.		4,575,146
	572,870	People’s United Financial, Inc.		8,879,485
	9,149	PG&E Corp.		532,472
	46,593	Philip Morris International, Inc.		4,571,705
	65,275	Pinnacle West Capital Corp.		4,742,229
	10,500	Pioneer Natural Resources Co.		1,744,050
	2,017	PNM Resources, Inc.		63,899
	115,960	Portland General Electric Co.		4,605,931
	124,020	PPL Corp.		4,668,113
	41,786	Praxair, Inc.		4,908,184
	77,031	ProAssurance Corp.		3,676,690
	37,005	Quest Diagnostics, Inc.		2,781,666
	23,091	Raytheon Co.		2,917,548
	26,806	Rice Midstream Partners LP		446,856
	80,542	Sanderson Farms, Inc.		7,388,923
	64,502	Schlumberger Ltd.		5,182,091
	19,522	SemGroup Corp. - Class A		598,545
	15,854	Sempra Energy		1,638,511
	42,125	Shell Midstream Partners LP		1,591,061
	107,082	Sonoco Products Co.		5,021,075
	65,439	SunPower Corp.(d)		1,317,941
	125,377	TJX Cos., Inc.		9,506,084

Shares			Value
UNITED STATES (continued)
	38,574	Travelers Cos., Inc. (The)	$	4,239,283
	16,000	United Continental Holdings, Inc.(d)		732,960
	44,881	United Parcel Service, Inc. - Class B		4,715,647
	46,013	United Technologies Corp.		4,802,377
	8,500	United Therapeutics Corp.(d)		894,200
	15,000	Valero Energy Corp.		883,050
	19,000	VMware, Inc. - Class A(d)		1,081,290
	120,827	Wal-Mart Stores, Inc.		8,079,701
	80,447	Wec Energy Group Inc.		4,682,820
	99,850	Westar Energy, Inc.		5,153,259
	19,000	Western Digital Corp.		776,435
	65,699	Western Refining Logistics LP(d)		1,731,169
	12,951	Williams Cos., Inc. (The)		251,120
	13,300	Wyndham Worldwide Corp.		943,635
	114,358	Xcel Energy, Inc.		4,577,751
				398,627,874
Total Common Stocks (Cost $602,643,035)				684,506,784
MASTER LIMITED PARTNERSHIPS — 0.5%
UNITED STATES — 0.5%
	68,908	Antero Midstream Partners LP		1,759,910
	144,620	Boardwalk Pipeline Partners LP		2,352,967
	20,190	Buckeye Partners LP		1,453,680
	49,211	Cheniere Energy Partners LP		1,435,485
	86,754	Cheniere Energy Partners LP Holdings LLC		1,689,968
	6,896	Columbia Pipeline Partners LP		100,199
	26,763	Delek Logistics Partners LP(d)		899,237
	43,471	Dominion Midstream Partners LP		1,458,017
	24,870	Energy Transfer Equity LP		309,134
	31,364	Energy Transfer Partners LP(d)		1,111,227
	76,919	Enterprise Products Partners LP		2,052,968
	39,307	EQT GP Holdings LP		1,040,063
	16,067	EQT Midstream Partners LP(d)		1,273,952
	10,664	Magellan Midstream Partners LP		768,554
	67,055	NextEra Energy Partners LP		1,937,219
	23,419	Phillips 66 Partners LP		1,340,504
	80,105	Plains All American Pipeline LP		1,837,609
	26,498	Spectra Energy Partners LP		1,336,294
	38,866	Sunoco Logistics Partners LP		1,137,996
	54,802	Sunoco LP		1,966,844
	79,269	TC PipeLines LP(d)		4,341,563
	17,476	Tesoro Logistics LP(d)		808,090
	43,093	Valero Energy Partners LP		2,055,105
				34,466,585
Total Master Limited Partnerships (Cost $31,471,945)				34,466,585

Shares			Value
CLOSED-END FUNDS — 5.7%
UNITED STATES — 5.7%
	420,000	AllianceBernstein Global High Income Fund, Inc.(b)	$	5,002,200
	426,882	Apollo Tactical Income Fund, Inc.(b)		6,070,262
	585,715	Ares Dynamic Credit Allocation Fund, Inc.(b)		8,071,153
	120,000	Avenue Income Credit Strategies Fund(b)		1,394,400
	506,147	Babson Capital Global Short Duration High Yield Fund(b)		8,710,790
	90,709	Babson Capital Participation Investors(b)		1,264,483
	289,264	Blackrock Corp. High Yield Fund, Inc.		2,973,634
	601,890	BlackRock Credit Allocation Income Trust(b)		7,619,927
	2,820,654	BlackRock Debt Strategies Fund, Inc.(b)		9,900,496
	235,000	BlackRock Defined Opportunity Credit Trust(b)		3,087,900
	825,000	BlackRock Income Trust, Inc.(b)		5,395,500
	640,000	Blackrock Limited Duration Income Trust(b)		9,568,000
	1,141,941	Blackrock Multi-Sector Income Trust(b)		18,442,347
	1,108,716	Blackstone/GSO Strategic Credit Fund(b)		15,433,327
	627,204	Brookfield Mortgage Opportunity Income Fund, Inc.(b)		9,357,884
	45,444	Brookfield Total Return Fund, Inc.		1,078,386
	711,685	Cohen & Steers Limited Duration Preferred and Income Fund, Inc.(b)		16,674,780
	100,140	Cohen & Steers Quality Income Realty Fund, Inc.		1,233,725
	117,446	Cohen & Steers REIT and Preferred Income Fund, Inc.		2,207,985
	1,160,837	Doubleline Income Solutions Fund(b)		20,430,731
	355,000	First Trust High Income Long/Short Fund(b)		5,289,500
	428,169	First Trust Intermediate Duration Preferred & Income Fund(b)		9,856,450
	93,441	Guggenheim Credit Allocation Fund(b)		1,808,083
	294,754	Guggenheim Strategic Opportunities Fund(b)		5,169,985
	1,921,832	Invesco Dynamic Credit Opportunities Fund(b)		20,775,004
	3,459,239	Invesco Senior Income Trust(b)		14,113,695
	260,783	KKR Income Opportunities Fund(b)		3,838,726

Shares			Value
UNITED STATES (continued)
	405,024	Legg Mason BW Global Income Opportunities Fund, Inc.(b)	$	5,079,001
	430,280	New America High Income Fund(b)		3,640,169
	464,807	NexPoint Credit Strategies Fund(b)		9,100,921
	205,544	Nuveen Mortgage Opportunity Term Fund(b)		4,709,013
	319,796	Nuveen Preferred & Income Term Fund(b)		7,550,384
	1,604,535	Nuveen Quality Preferred Income Fund(b)		13,606,457
	724,076	PIMCO Corporate & Income Strategy Fund(b)		10,347,046
	1,485,000	PIMCO Dynamic Credit Income Fund(b)		27,130,950
	882,644	PIMCO Dynamic Income Fund(b)		24,299,189
	700,000	PIMCO Income Strategy Fund II(b)		6,279,000
	697,840	Pioneer Floating Rate Trust(b)		7,892,570
	976,266	Prudential Global Short Duration High Yield Fund, Inc.(b)		14,575,651
	758,916	Prudential Short Duration High Yield Fund, Inc.(b)		11,930,160
	245,000	Stone Harbor Emerging Markets Income Fund(b)		3,393,250
	2,215,000	Voya Prime Rate Trust(b)		11,185,750
	1,517,699	Wells Fargo Advantage Income Opportunities Fund(b)		11,777,344
	1,118,159	Western Asset High Income Fund II, Inc.(b)		7,715,297
	83,677	Western Asset Mortgage Defined Opportunity Fund(b)		1,949,674
	27,383	Western Asset Variable Rate Strategic Fund, Inc.		430,461
Total Closed-End Funds (Cost $434,552,852)				397,361,640
EXCHANGE TRADED FUNDS — 1.9%
UNITED STATES — 1.9%
	3,275,000	iShares MSCI Japan Index Fund		37,400,500
	300,000	iShares Silver Trust(d)		5,094,000
	66,000	iShares US Preferred Stock ETF		2,585,880
	30,000	ProShares UltraShort Yen(d)		2,040,600
	610,000	Schwab Short-Term U.S. Treasury ETF(b)		30,981,900
	210,000	SPDR Gold Shares(d)		25,966,500
	216,000	Vanguard Short-Term Bond ETF		17,411,760
	112,209	WisdomTree Europe SmallCap Dividend Fund		6,423,965
Total Exchange Traded Funds (Cost $124,327,938)				127,905,105

Shares			Value
PREFERRED STOCKS — 0.2%
UNITED STATES — 0.2%
	9,000	Allergan Plc, 5.50%	$	7,277,571
	104,500	New York Community Capital Trust V, 6.00%		5,272,025
Total Preferred Stocks (Cost $13,165,223)				12,549,596

Contracts
CALL OPTIONS PURCHASED — 0.0%
	2,000	iShares MSCI Turkey ETF, Strike $45.00, Expires 05/20/16		300,000
	200	London Metal Exchange Nickel Futures, Strike $9,500.00, Expires 12/07/16		1,106,880
Total Call Options Purchased (Cost $1,319,994)				1,406,880
PUT OPTIONS PURCHASED — 0.1%
	2,000	Chicago Board of Trade Soybean Futures, Strike $900.00, Expires 05/20/16		112,500
	280	Chicago Board of Trade Soybean Futures, Strike $900.00, Expires 06/24/16		29,750
	200	London Metal Exchange Aluminium Futures, Strike $1,500.00, Expires 06/01/16		8,000
	100	London Metal Exchange Copper Futures, Strike $4,500.00, Expires 06/01/16		32,750
	1,575	S&P 500 Index, Strike $2,050, Expires 06/30/16		7,182,000
	1,200	Singapore Exchange Iron Ore Futures, Strike $44.00, Expires 05/31/16		0
	1,200	Singapore Exchange Iron Ore Futures, Strike $44.00, Expires 06/30/16		13,200
Total Put Options Purchased (Cost $7,162,065)				7,378,200

Principal
Amount
BANK LOANS — 0.1%
UNITED STATES — 0.1%
$	4,000,000	Starwood Capital Corp./Schulte Hospitality Group, Mezzanine Term Loan, 0.00%, 06/30/17(b)		3,946,000
	4,000,000	Thor Equities 680 Madison Ave LLC, Mezzanine Loan, 5.22%, 08/09/17		3,980,000
Total Bank Loans (Cost $8,023,704)				7,926,000

Principal
Amount				Value
CORPORATE BONDS — 8.0%
BELGIUM — 0.1%
$	5,000,000		Sofina SA, Cnv., 1.00%, 09/19/16(e)	$	4,955,000
BERMUDA — 0.1%
	7,000,000		Celestial Nutrifoods Ltd., Cnv., 16.00%, 06/12/16(b)(c)(d)(f)(g)		1,041,008
	1,540,000		Digicel Ltd., 6.75%, 03/01/23(e)		1,388,887
					2,429,895
BULGARIA — 0.0%
	1,500,000	(h)	Bulgarian Telecommunications Co. EAD, 6.63%, 11/15/18(e)		1,757,603
CANADA — 0.1%
	500,000		Quebecor Media, Inc., 5.75%, 01/15/23		518,125
	850,000		Teck Resources Ltd., 3.15%, 01/15/17		841,500
	2,275,000		Valeant Pharmaceuticals International, Inc., 7.50%, 07/15/21(i)		2,081,625
					3,441,250
CAYMAN ISLANDS — 0.1%
	650,000	(j)	Brakes Capital, 7.13%, 12/15/18(e)		984,179
	1,150,000		Jafz Sukuk Ltd., 7.00%, 06/19/19(e)		1,285,125
	2,000,000		Petrobras Global Finance BV, 5.38%, 01/27/21		1,777,500
	850,000		Suzano Trading Ltd., 5.88%, 01/23/21(e)		867,000
	330,000		TAM Capital 3, Inc., 8.38%, 06/03/21(e)		301,538
					5,215,342
CROATIA (HRVATSKA) — 0.1%
	2,100,000	(h)	Agrokor dd, 9.13%, 02/01/20(e)		2,561,518
CYPRUS — 0.0%
	400,000	(k)	Aroundtown Property Holdings Plc, 1.50%, 05/03/22(e)		438,419
	825,000		Global Ports Finance Plc, 6.87%, 01/25/22(e)		822,937
					1,261,356
CZECH REPUBLIC — 0.0%
	550,000	(h)	EP Energy AS, 4.38%, 05/01/18(e)		650,563

Principal
Amount				Value
CZECH REPUBLIC (continued)
$	1,175,000	(h)	RPG Byty Sro, 6.75%, 05/01/20(e)	$	1,391,347
					2,041,910
FINLAND — 0.0%
	800,000	(k)	SATO Oyj, 2.38%, 03/24/21(e)		922,286
FRANCE — 0.1%
	247,500	(k)	Autodis SA, 6.50%, 02/01/19(e)		293,173
	725,000	(k)	BUT SAS, 7.38%, 09/15/19(e)		868,901
	300,000	(k)	Casino Guichard Perrachon SA, 2.80%, 08/05/26(e)		336,480
	850,000	(k)	Faurecia, 3.63%, 06/15/23(e)		990,330
	275,000		Numericable-SFR SA, 7.38%, 05/01/26(i)		280,500
	1,550,000	(k)	Numericable-SFR SAS, 5.38%, 05/15/22(e)		1,841,836
	975,000		Numericable-SFR SAS, 6.00%, 05/15/22(i)		976,268
	700,000	(k)	Numericable-SFR SAS, 5.63%, 05/15/24(e)		833,248
	275,000	(k)	Solvay Finance SA, 5.43%, 11/29/49(e)(l)		323,195
	650,000		SPCM SA, 6.00%, 01/15/22(e)		663,000
	300,000	(k)	TDF Infrastructure SAS, 2.88%, 10/19/22(e)		368,419
					7,775,350
GERMANY — 0.1%
	300,000	(k)	alstria office REIT-AG, 2.13%, 04/12/23(e)		350,448
	1,680,000	(k)	Deutsche Raststaetten Gruppe IV GmbH, 6.75%, 12/30/20(e)		2,052,773
	400,000	(k)	HeidelbergCement AG, 2.25%, 03/30/23(e)		471,190
	1,425,000	(k)	Rapid Holding GmbH, 6.63%, 11/15/20(e)		1,721,611
	600,000	(k)	RWE AG, 2.75%, 04/21/75(e)(l)		600,824
	725,000	(k)	RWE AG, 3.50%, 04/21/75(e)(l)		662,904
	1,000,000	(k)	Safari Holding Verwaltungs GmbH, 8.25%, 02/15/21(e)		1,201,392
	325,000	(k)	Unitymedia GmbH, 3.75%, 01/15/27(e)		335,859
	475,000	(k)	Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH, 4.63%, 02/15/26(e)		569,737

Principal Amount				Value
GERMANY (continued)
$	225,000	(k)	Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH, 6.25%, 01/15/29(e)	$	290,597
					8,257,335
HONG KONG — 0.0%
	9,700,000		China Milk Products Group Ltd., Cnv., 13.00%, 01/05/12(b)(c)(d)(f)(g)		1,133,154
HUNGARY — 0.0%
	775,000	(k)	MOL Hungarian Oil & Gas Plc, 2.63%, 04/28/23(e)		879,431
INDONESIA — 0.0%
	800,000		Perusahaan Listrik Negara PT, 5.50%, 11/22/21(e)		860,000
IRELAND — 0.1%
	500,000	(h)	Ardagh Packaging Finance Plc, 9.25%, 10/15/20(e)		601,148
	175,000	(h)	Ardagh Packaging Finance Plc/Ardagh Holdings USA, Inc., 4.13%, 05/15/23(e)		200,385
	500,000	(h)	Ardagh Packaging Finance Plc/Ardagh Holdings USA, Inc., 6.75%, 05/15/24(e)		572,528
	375,000	(k)	eircom Finance Ltd., 9.25%, 05/15/20(e)		451,432
	650,000		MMC Norilsk Nickel OJSC via MMC Finance Ltd., 4.38%, 04/30/18(e)		661,492
	1,725,000		Phosagro OAO via Phosagro Bond Funding Ltd., 4.20%, 02/13/18(e)		1,740,094
	975,000	(m)	Russian Railways via RZD Capital Plc, 2.18%, 02/26/18		1,015,858
	650,000		Russian Railways via RZD Capital Plc, 5.70%, 04/05/22(e)		674,479
	1,000,000		Vimpel Communications Via VIP Finance Ireland Ltd. OJSC, 9.13%, 04/30/18(e)		1,095,000
					7,012,416
ITALY — 0.0%
	125,000	(k)	Finmeccanica SpA, 4.88%, 03/24/25		169,705
	500,000	(k)	Onorato Armatori SpA, 7.75%, 02/15/23(e)		578,253
	525,000	(k)	Snai SpA, 7.63%, 06/15/18(e)		622,195
					1,370,153

Principal Amount				Value
JAPAN — 0.0%
$	900,000	(h)	SoftBank Group Corp., 4.75%, 07/30/25(e)	$	1,094,959
	225,000	(h)	SoftBank Group Corp., 5.25%, 07/30/27(e)		267,943
					1,362,902
JERSEY CHANNEL ISLANDS — 0.1%
	925,000	(j)	CPUK Finance Ltd., 7.00%, 08/28/20(e)		1,409,010
	700,000	(h)	Lincoln Finance Ltd., 6.88%, 04/15/21(e)		858,649
					2,267,659
LUXEMBOURG — 0.4%
	975,000		Altice Financing SA, 6.63%, 02/15/23(i)		964,080
	875,000		Altice Financing SA, 7.50%, 05/15/26(i)		879,069
	1,000,000		Altice Finco SA, 8.13%, 01/15/24(i)		975,000
	675,000		Altice Finco SA, 7.63%, 02/15/25(i)		629,444
	675,000	(k)	Altice Luxembourg SA, 7.25%, 05/15/22(e)		786,439
	850,000		ArcelorMittal, 6.13%, 06/01/18		881,348
	325,000	(k)	Cirsa Funding Luxembourg SA, 5.75%, 05/15/21(e)		377,818
	550,000	(k)	Cirsa Funding Luxembourg SA, 5.88%, 05/15/23(e)		635,260
	1,000,000		Cosan Luxembourg SA, 5.00%, 03/14/23(e)		895,000
	650,000	(k)	Dakar Finance SA, 9.00% cash or 9.25% payment-in-kind interest, 11/15/20(e)(n)		729,400
	1,200,000	(k)	Garfunkelux Holdco 3 SA, 7.50%, 08/01/22(e)		1,394,678
	1,200,000		Gazprom OAO Via Gaz Capital SA, 8.15%, 04/11/18(e)		1,307,904
	1,300,000	(m)	Gazprom OAO Via Gaz Capital SA, 3.38%, 11/30/18(e)		1,374,222
	300,000	(k)	Gestamp Funding Luxembourg SA, 5.88%, 05/31/20(e)		354,681
	975,000	(k)	Glencore Finance Europe SA, 2.75%, 04/01/21(e)		1,088,519
	600,000	(k)	Grand City Properties SA, 3.75%, 02/18/49(l)		659,552
	2,200,000	(k)	Greif Nevada Holdings, Inc. SCS, 7.38%, 07/15/21(e)		2,935,221
	400,000		Intelsat Jackson Holdings SA, 8.00%, 02/15/24(i)		411,000
	1,450,000	(k)	Intralot Capital Luxembourg SA, 6.00%, 05/15/21(e)		1,494,464

Principal Amount				Value
LUXEMBOURG (continued)
$	1,675,000	(m)	Matterhorn Telecom SA, 3.63%, 05/01/22(e)	$	1,647,203
	630,000		Minerva Luxembourg SA, 7.75%, 01/31/23(e)		640,237
	2,085,000		Severstal OAO Via Steel Capital SA, 4.45%, 03/19/18(e)		2,118,739
	1,475,000	(k)	SIG Combibloc Holdings SCA, 7.75%, 02/15/23(e)		1,811,406
	200,000	(k)	Swissport Investments SA, 6.75%, 12/15/21(e)		244,756
	1,125,000	(k)	Telecom Italia Finance SA, 7.75%, 01/24/33		1,785,642
	1,025,000	(k)	Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 6.38%, 05/01/22(e)		1,200,090
	650,000		Tupy Overseas SA, 6.63%, 07/17/24(e)		614,250
					28,835,422
MEXICO — 0.0%
	1,125,000		Cemex SAB de CV, 7.75%, 04/16/26(i)		1,198,125
	800,000		Sixsigma Networks Mexico SA de CV, 8.25%, 11/07/21(e)		768,000
					1,966,125
NETHERLANDS — 0.4%
	1,500,000	(k)	Cable Communications Systems NV, 7.50%, 11/01/20(e)		1,816,345
	325,000		Constellium NV, 7.88%, 04/01/21(i)		335,546
	675,000	(k)	Constellium NV, 4.63%, 05/15/21(e)		656,203
	400,000	(k)	Fiat Chrysler Automobiles NV, 3.75%, 03/29/24(e)		467,183
	1,206,000	(k)	Hydra Dutch Holdings 2 BV, 5.25%, 04/15/19(e)(l)		1,312,421
	400,000	(k)	Koninklijke KPN NV, 6.13%, 09/14/18(e)(l)		490,084
	1,425,000	(k)	LGE HoldCo VI BV, 7.13%, 05/15/24(e)		1,789,164
	600,000		Majapahit Holding BV, 7.75%, 01/20/20(e)		687,000
	700,000	(k)	NE Property Cooperatief UA, 3.75%, 02/26/21(e)		813,426
	1,000,000		Petrobras Global Finance BV, 3.25%, 03/17/17		985,500
	1,700,000	(k)	Samvardhana Motherson Automotive Systems Group BV, 4.13%, 07/15/21(e)		1,917,732
	200,000	(k)	Schaeffler Finance BV, 2.75%, 05/15/19(e)		232,046

Principal Amount				Value
NETHERLANDS (continued)
$	3,350,000	(k)	Schaeffler Holding Finance BV, 6.88% cash or 11.13% payment-in-kind interest, 08/15/18(e)(n)	$	3,960,604
	4,000,000	(k)	Sonae Investments BV, Cnv., 1.63%, 06/11/19(b)(e)		4,419,915
	1,200,000	(k)	Telefonica Europe BV, 7.63%, 09/18/21(e)(l)		1,508,753
	800,000	(k)	Telefonica Europe BV, 5.88%, 03/31/49(e)(l)		928,948
	539,000	(k)	United Group BV, 7.88%, 11/15/20(e)		654,216
	1,000,000	(k)	Vonovia Finance BV, 4.00%, 12/29/49(e)(l)		1,156,220
					24,131,306
NORWAY — 0.1%
	150,000	(k)	Lock AS, 5.50%, 08/15/20(e)(l)		171,329
	1,150,000	(k)	Lock AS, 7.00%, 08/15/21(e)		1,396,218
	975,000	(k)	Silk Bidco AS, 7.50%, 02/01/22(e)		1,147,131
					2,714,678
PERU — 0.0%
	800,000		InRetail Consumer, 5.25%, 10/10/21(e)		815,600
POLAND — 0.0%
	450,000	(k)	Play Finance 1 SA, 6.50%, 08/01/19(e)		536,092
	1,075,000	(k)	Play Finance 2 SA, 5.25%, 02/01/19(e)		1,263,653
					1,799,745
SPAIN — 0.0%
	725,000	(k)	Ence Energia y Celulosa SA, 5.38%, 11/01/22(e)		873,295
SWEDEN — 0.0%
	1,125,000	(h)	Akelius Residential Property AB, 3.38%, 09/23/20(e)		1,336,904
	640,000	(h)	TVN Finance Corp III AB, 7.38%, 12/15/20(e)		787,798
					2,124,702
TURKEY — 0.0%
	850,000		Tupras Turkiye Petrol Rafinerileri AS, 4.13%, 05/02/18(e)		857,225
	1,300,000		Turkiye Sise ve Cam Fabrikalari AS, 4.25%, 05/09/20(e)		1,296,734
					2,153,959

Principal Amount				Value
UNITED KINGDOM — 0.2%
$	825,000	(k)	Arqiva Broadcast Finance Plc, 9.50%, 03/31/20(e)	$	1,301,648
	325,000	(h)	Boparan Finance Plc, 4.38%, 07/15/21(e)		356,327
	1,125,000	(k)	Co-operative Group Holdings 2011 Ltd., STEP, 5.63%, 07/08/20(e)		1,774,536
	375,000	(k)	Co-operative Group Holdings 2011 Ltd., STEP, 7.50%, 07/08/26		592,292
	400,000	(k)	Infinis Plc, 7.00%, 02/15/19(e)		587,384
	300,000		International Game Technology Plc, 5.63%, 02/15/20(i)		314,250
	1,600,000	(h)	International Game Technology Plc, 4.75%, 02/15/23(e)		1,921,403
	1,375,000		Jaguar Land Rover Automotive Plc, 3.50%, 03/15/20(i)		1,378,437
	925,000	(k)	Jerrold Finco Plc, 9.75%, 09/15/18(e)		1,439,420
	575,000	(h)	Kerling Ltd., 10.63%, 02/01/17(e)		660,053
	1,050,000		OAS Finance Ltd., 8.00%, 07/02/21(d)(g)(i)		1,312
	400,000	(k)	Premier Foods Finance Plc, 6.50%, 03/15/21(e)		583,293
	850,000	(k)	Southern Water Greensands Financing Plc, 8.50%, 04/15/19(e)		1,384,268
	1,250,000	(h)	TA Manufacturing Ltd., 3.63%, 04/15/23(e)		1,328,453
	300,000	(h)	Thomas Cook Finance Plc, 7.75%, 06/15/20(e)		355,505
	400,000	(h)	Thomas Cook Finance Plc, 6.75%, 06/15/21(e)		469,473
	625,000	(h)	Worldpay Finance Plc, 3.75%, 11/15/22(e)		749,654
					15,197,708
UNITED STATES — 6.0%
	10,000,000		Akamai Technologies, Inc., Cnv., 0.50%, 02/15/19(f)		9,656,250
	2,000,000		Allscripts Healthcare Solutions, Inc., Cnv., 1.25%, 07/01/20		2,060,000
	750,000		Altice US Finance I Corp., 5.50%, 05/15/26(i)		757,500
	3,000,000		AmTrust Financial Services, Inc., Cnv., 2.75%, 12/15/44		2,251,875
	175,000		Anadarko Petroleum Corp., 4.85%, 03/15/21		182,539
	75,000		Anadarko Petroleum Corp., 3.45%, 07/15/24		70,541

Principal Amount				Value
UNITED STATES (continued)
$	125,000		Anadarko Petroleum Corp., 5.55%, 03/15/26	$	133,984
	1,250,000		Antero Resources Corp., 5.13%, 12/01/22		1,200,000
	9,000,000		Apollo Commercial Real Estate Finance, Inc., Cnv., 5.50%, 03/15/19		9,106,875
	750,000		Belden, Inc., 5.25%, 07/15/24(i)		731,250
	1,125,000		Belo Corp., 7.75%, 06/01/27		1,192,500
	5,000,000		BlackRock Kelso Capital Corp., Cnv., 5.50%, 02/15/18		5,153,125
	5,000,000		Blackstone Mortgage Trust, Inc., Cnv., 5.25%, 12/01/18		5,271,875
	1,450,000		Blue Cube Spinco, Inc., 9.75%, 10/15/23(i)		1,654,812
	600,000		Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.13%, 11/15/22(i)		531,000
	2,000,000		Bottomline Technologies, Inc., Cnv., 1.50%, 12/01/17		2,075,000
	500,000		Brand Energy & Infrastructure Services, Inc., 8.50%, 12/01/21(i)		472,500
	15,500,000		Brocade Communications Systems, Inc., 1.38%, 01/01/20(i)		15,005,937
	2,000,000		CalAmp Corp., Cnv., 1.63%, 05/15/20(i)		1,813,750
	1,075,000		Calumet Specialty Products Partners LP/Calumet Finance Corp., 7.63%, 01/15/22		728,312
	10,000,000		Cardtronics, Inc., Cnv., 1.00%, 12/01/20		10,066,400
	1,550,000		CCO Holdings LLC/CCO Holdings Capital Corp., 5.88%, 04/01/24(i)		1,623,625
	2,025,000		CCO Holdings LLC/CCO Holdings Capital Corp., 5.50%, 05/01/26(i)		2,065,500
	725,000	(h)	Cemex Finance LLC, 5.25%, 04/01/21(e)		855,568
	1,000,000		Cemex Finance LLC, 9.38%, 10/12/22(i)		1,103,750
	1,025,000		Centene Escrow Corp., 5.63%, 02/15/21(i)		1,078,812
	1,200,000		Cequel Communications Holdings I LLC/Cequel Capital Corp., 6.38%, 09/15/20(i)		1,228,536
	6,000,000		Ciena Corp. Cnv., 0.88%, 06/15/17		5,887,500
	7,000,000		Colony Capital, Inc., Cnv., 3.88%, 01/15/21		6,440,000

Principal Amount			Value
UNITED STATES (continued)
$	300,000	Continental Resources, Inc., 3.80%, 06/01/24	$	255,750
	775,000	Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23(i)		707,187
	1,000,000	CSC Holdings LLC, 6.75%, 11/15/21		1,031,875
	4,000,000	Envestnet, Inc., Cnv., 1.75%, 12/15/19		3,575,000
	750,000	EP Energy LLC/Everest Acquisition Finance, Inc., 7.75%, 09/01/22		435,000
	750,000	Exterran Partners LP/EXLP Finance Corp., 6.00%, 04/01/21		588,750
	300,000	Exterran Partners LP/EXLP Finance Corp., 6.00%, 10/01/22		235,500
	6,000,000	Finisar Corp., Cnv., 0.50%, 12/15/33		5,718,750
	500,000	Forum Energy Technologies, Inc., 6.25%, 10/01/21		455,000
	1,000,000	Freeport-McMoRan, Inc., 2.30%, 11/14/17		967,500
	800,000	Genesis Energy LP/Genesis Energy Finance Corp., 5.63%, 06/15/24		724,000
	1,300,000	GEO Group, Inc. (The), 6.00%, 04/15/26		1,331,850
	50,000	GLP Capital LP/GLP Financing II, Inc., 4.38%, 04/15/21		51,125
	150,000	GLP Capital LP/GLP Financing II, Inc., 5.38%, 04/15/26		156,375
	8,000,000	Goldman Sachs Group, Inc. (The), Series M, 5.38%, 12/29/49(l)		7,724,000
	900,000	H&E Equipment Services, Inc., 7.00%, 09/01/22		909,000
	300,000	HD Supply, Inc., 5.75%, 04/15/24(i)		314,625
	10,000,000	Hologic, Inc., Cnv., STEP, 2.00%, 12/15/43		12,331,250
	5,000,000	Huron Consulting Group Inc, 1.25%, 10/01/19		4,809,375
	3,000,000	Illumina, Inc., Cnv., 0.04%, 06/15/19(f)		2,988,750
	8,000,000	Integrated Device Technology, Inc., Cnv., 0.88%, 11/15/22(i)		7,455,000
	2,000,000	InterDigital, Inc., Cnv., 1.50%, 03/01/20		2,096,250

Principal Amount				Value
UNITED STATES (continued)
$	750,000		InvenSense, Inc., Cnv., 1.75%, 11/01/18	$	698,906
	7,000,000		JDS Uniphase Corp., Cnv., 0.63%, 08/15/33		6,750,625
	3,000,000		Jefferies Group LLC, Cnv., 3.88%, 11/01/29		2,998,125
	375,000		Kaiser Aluminum Corp., 5.88%, 05/15/24(i)		383,906
	2,000,000		KB Home, Cnv., 1.38%, 02/01/19		1,918,750
	500,000		Lamar Media Corp., 5.75%, 02/01/26(i)		528,750
	28,956,231		Liberty Interactive LLC, Cnv., 3.75%, 02/15/30(b)		16,143,099
	27,000,000		LinkedIn Corp., Cnv., 0.50%, 11/01/19(b)		25,211,250
	13,000,000		Live Nation Entertainment, Inc., Cnv., 2.50%, 05/15/19		12,943,125
	775,000		Masco Corp., 4.38%, 04/01/26		798,250
	4,000,000		Medidata Solutions, Inc., Cnv., 1.00%, 08/01/18		4,207,500
	10,000,000		Mentor Graphics Corp., Cnv., 4.00%, 04/01/31		10,506,250
	3,000,000		Meritage Homes Corp., Cnv., 1.88%, 09/15/32		2,958,750
	5,000,000		Micron Technology Inc., Series G, Cnv., 3.00%, 11/15/43		3,540,625
	1,000,000		Molina Healthcare, Inc., 5.38%, 11/15/22(i)		1,032,500
	925,000		MPLX LP, 4.88%, 12/01/24(i)		901,571
	125,000		MPT Operating Partnership LP/MPT Finance Corp., 6.38%, 03/01/24		133,125
	1,150,000	(h)	MPT Operating Partnership LP/MPT Finance Corp., REIT, 5.75%, 10/01/20		1,388,251
	900,000	(h)	MPT Operating Partnership LP/MPT Finance Corp., REIT, 4.00%, 08/19/22		1,070,226
	4,000,000		National Health Investors, Inc., Cnv., 3.25%, 04/01/21		4,180,000
	10,600,000		Nuance Communications, Inc., Cnv., 2.75%, 11/01/31		10,586,750
	2,000,000		Nuance Communications, Inc., Cnv., 1.00%, 12/15/35(i)		1,807,500
	500,000		NuStar Logistics LP, 6.75%, 02/01/21		495,000
	17,000,000		ON Semiconductor Corp., Cnv., 1.00%, 12/01/20(i)		15,416,875

Principal Amount				Value
UNITED STATES (continued)
$	1,500,000		Owens-Brockway Glass Container, Inc., 5.88%, 08/15/23(i)	$	1,612,500
	800,000		Post Holdings, Inc., 7.38%, 02/15/22		843,000
	100,000		PQ Corp., 6.75%, 11/15/22(i)		103,125
	12,000,000		Priceline Group, Inc. (The), Cnv., 0.90%, 09/15/21(b)		12,390,000
	200,000	(h)	PSPC Escrow Corp., 6.00%, 02/01/23(e)		201,530
	175,000		QEP Resources, Inc., 6.88%, 03/01/21		173,250
	525,000		Realogy Group LLC/Realogy Co-Issuer Corp., 5.25%, 12/01/21(i)		548,625
	6,000,000		Restoration Hardware Holdings, Inc., Cnv., 2.90%, 06/15/19(f)(i)		4,942,500
	500,000		Rice Energy, Inc., 6.25%, 05/01/22		495,000
	1,500,000		Sabine Pass Liquefaction LLC, 5.63%, 02/01/21		1,490,625
	875,000		Sabine Pass Liquefaction LLC, 5.63%, 04/15/23		857,500
	500,000		Sabine Pass Liquefaction LLC, 5.75%, 05/15/24		483,750
	625,000		Sabine Pass Liquefaction LLC, 5.63%, 03/01/25		609,375
	500,000		Safway Group Holding LLC/Safway Finance Corp., 7.00%, 05/15/18(i)		500,000
	12,000,000		ShengdaTech, Inc., Cnv., 6.50%, 12/15/15(b)(c)(d)(g)(i)		0
	7,000,000		Shutterfly, Inc., Cnv., 0.25%, 05/15/18		6,978,125
	800,000		Sinclair Television Group, Inc., 5.88%, 03/15/26(i)		828,000
	3,395,000		Southern Star Central Corp., 5.13%, 07/15/22(i)		3,233,738
	50,000		Standard Industries, Inc., 5.13%, 02/15/21(i)		52,000
	2,475,000		Standard Industries, Inc., 5.50%, 02/15/23(i)		2,589,469
	15,000,000		Starwood Property Trust, Inc., Cnv., 3.75%, 10/15/17		14,896,875
	9,900,000		Starwood Property Trust, Inc., Cnv., REIT, 4.55%, 03/01/18		10,073,250
	3,000,000		Starwood Waypoint Residential Trust, Cnv., 3.00%, 07/01/19		2,983,125
	2,500,000		Starwood Waypoint Residential Trust, Cnv., REIT, 4.50%, 10/15/17		2,557,813

Principal Amount				Value
UNITED STATES (continued)
$	1,650,000		Sunoco LP/Sunoco Finance Corp., 6.25%, 04/15/21(i)	$	1,670,625
	475,000		Team Health, Inc., 7.25%, 12/15/23(i)		504,391
	500,000		Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.88%, 10/01/20		510,000
	6,000,000		TiVo, Inc., Cnv., 2.00%, 10/01/21		5,880,000
	2,250,000		T-Mobile USA, Inc., 6.84%, 04/28/23		2,399,063
	775,000		TPC Group, Inc., 8.75%, 12/15/20(i)		571,563
	14,000,000		Twitter, Inc., Cnv., 0.25%, 09/15/19		12,162,500
	675,000		Unit Corp., 6.63%, 05/15/21		457,313
	1,000,000		United States Steel Corp., 6.05%, 06/01/17		1,021,875
	11,500,000		Vector Group Ltd., Cnv., 1.75%, 04/15/20(l)		12,233,125
	7,000,000		Verint Systems, Inc., Cnv., 1.50%, 06/01/21		6,291,250
	1,091,000	(h)	VWR Funding, Inc., 4.63%, 04/15/22(e)		1,241,136
	29,287,000		Washington Mutual Bank, 6.00%, 12/31/49(d)(g)		6,443,140
	24,750,000		Washington Mutual Bank, 6.00%, 12/31/49(d)(g)		5,445,000
	9,840,000		Washington Mutual Bank, 6.00%, 12/31/49(d)(g)		2,164,800
	8,200,000		Washington Mutual Bank, 6.00%, 12/31/49(d)(g)		1,804,000
	3,000,000		Washington Mutual Bank, 6.00%, 12/31/49(d)(g)		660,000
	6,000,000		Web.com Group, Inc., Cnv., 1.00%, 08/15/18		5,805,000
	7,000,000		Wright Medical Group, Inc., Cnv., 2.00%, 02/15/20		6,654,375
	675,000	(h)	XPO Logistics, Inc., 5.75%, 06/15/21(e)		761,419
	2,000,000		Yahoo!, Inc., Cnv., 0.30%, 12/01/18(f)		2,010,000
					417,994,687
VIRGIN ISLANDS (BRITISH) — 0.0%
	850,000		GTL Trade Finance, Inc., 7.25%, 10/20/17(e)		889,185
Total Corporate Bonds (Cost $581,627,876)					555,000,972

Principal Amount				Value
GOVERNMENT BONDS — 1.7%
BRAZIL — 0.3%
$	10,280,000	(k)	Brazil Letras do Tesouro Nacional, 15.10%, 07/01/19(f)	$	2,061,853
	1,410,000	(k)	Brazil Notas do Tesouro Nacional, Series B, 10.00%, 05/15/19		1,203,649
	160,000	(k)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 08/15/20		134,363
	840,000	(k)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 08/15/22		701,636
	1,292,000	(k)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 05/15/23		1,094,610
	80,000	(k)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 08/15/24		66,950
	2,400,000	(k)	Brazil Notas do Tesouro Nacional, Series B, 6.00%, 05/15/45		2,029,218
	27,080,000	(k)	Brazil Notas do Tesouro Nacional, Series F, 10.00%, 01/01/21		7,528,716
	3,650,000	(k)	Brazil Notas do Tesouro Nacional, Series F, 10.00%, 01/01/23		981,397
	24,870,000	(k)	Brazil Notas do Tesouro Nacional, Series F, 10.00%, 01/01/25		6,585,161
	450,000	(k)	Brazil Notas do Tesouro Nacional, Series F, 10.00%, 01/01/27		116,834
					22,504,387
INDONESIA — 0.2%
	1,900,000,000	(k)	Indonesia Treasury Bond, 5.25%, 05/15/18		139,287
	1,932,000,000	(k)	Indonesia Treasury Bond, 11.50%, 09/15/19		164,701
	9,062,000,000	(k)	Indonesia Treasury Bond, 11.00%, 11/15/20		779,588
	41,839,000,000	(k)	Indonesia Treasury Bond, 12.80%, 06/15/21		3,883,337
	6,125,000,000	(k)	Indonesia Treasury Bond, 8.25%, 07/15/21		480,451
	19,566,000,000	(k)	Indonesia Treasury Bond, 7.00%, 05/15/22		1,444,320
	33,599,000,000	(k)	Indonesia Treasury Bond, 12.90%, 06/15/22		3,205,051
	11,914,000,000	(k)	Indonesia Treasury Bond, 10.25%, 07/15/22		1,023,224
	23,599,000,000	(k)	Indonesia Treasury Bond, 5.63%, 05/15/23		1,597,531

Principal Amount				Value
INDONESIA (continued)
$	8,500,000,000	(k)	Indonesia Treasury Bond, 9.50%, 07/15/23	$	708,668
	950,000,000	(k)	Indonesia Treasury Bond, 11.75%, 08/15/23		88,255
	600,000,000	(k)	Indonesia Treasury Bond, 10.00%, 09/15/24		51,839
	716,000,000	(k)	Indonesia Treasury Bond, 7.00%, 05/15/27		51,127
	1,300,000,000	(k)	Indonesia Treasury Bond, 10.25%, 07/15/27		116,422
	363,000,000	(k)	Indonesia Treasury Bond, 10.00%, 02/15/28		32,125
	1,078,000,000	(k)	Indonesia Treasury Bond, 6.13%, 05/15/28		71,080
	388,000,000	(k)	Indonesia Treasury Bond, 9.00%, 03/15/29		31,989
	4,640,000,000	(k)	Indonesia Treasury Bond, 8.38%, 03/15/34		368,304
					14,237,299
MALAYSIA — 0.2%
	20,000	(k)	Bank Negara Malaysia Monetary Notes, 3.00%, 05/03/16(f)		5,120
	690,000	(k)	Bank Negara Malaysia Monetary Notes, 2.70%, 05/12/16(f)		176,519
	930,000	(k)	Bank Negara Malaysia Monetary Notes, 3.10%, 06/07/16(f)		237,593
	1,180,000	(k)	Bank Negara Malaysia Monetary Notes, 3.00%, 07/19/16(f)		300,593
	390,000	(k)	Bank Negara Malaysia Monetary Notes, 3.00%, 10/06/16(f)		98,788
	1,510,000	(k)	Bank Negara Malaysia Monetary Notes, 3.00%, 10/11/16(f)		382,473
	1,190,000	(k)	Bank Negara Malaysia Monetary Notes, 3.00%, 10/18/16(f)		301,270
	8,338,000	(k)	Malaysia Government Bond, 3.17%, 07/15/16		2,137,706
	9,335,000	(k)	Malaysia Government Bond, 4.26%, 09/15/16		2,405,993
	7,770,000	(k)	Malaysia Government Bond, 3.81%, 02/15/17		2,004,193
	2,790,000	(k)	Malaysia Government Bond, 3.39%, 03/15/17		718,203
	7,549,000	(k)	Malaysia Government Bond, 4.01%, 09/15/17		1,961,990
	2,750,000	(k)	Malaysia Government Bond, 3.31%, 10/31/17		708,076

Principal Amount				Value
MALAYSIA (continued)
$	1,515,000	(k)	Malaysia Government Bond, 4.24%, 02/07/18	$	395,310
	2,019,000	(k)	Malaysia Government Bond, 3.26%, 03/01/18		518,176
	130,000	(k)	Malaysia Treasury Bill, 2.80%, 05/27/16(f)		33,223
	20,000	(k)	Malaysia Treasury Bill, 3.00%, 08/05/16(f)		5,087
	10,000	(k)	Malaysia Treasury Bill, 2.70%, 01/20/17(f)		2,514
					12,392,827
MEXICO — 0.4%
	58,390,000	(k)	Mexican Bonos, 7.25%, 12/15/16		3,462,820
	150,570,000	(k)	Mexican Bonos, 5.00%, 06/15/17		8,843,448
	23,900,000	(k)	Mexican Bonos, 7.75%, 12/14/17		1,469,083
	30,270,000	(k)	Mexican Bonos, 4.75%, 06/14/18		1,770,369
	2,720,000	(k)	Mexican Udibonos, 5.00%, 06/16/16		861,367
	2,712,000	(k)	Mexican Udibonos, 3.50%, 12/14/17		886,763
	1,851,000	(k)	Mexican Udibonos, 4.00%, 06/13/19		618,758
	1,465,000	(k)	Mexican Udibonos, 2.50%, 12/10/20		466,579
	179,097,000	(k)	Mexico Cetes, 3.30%, 05/12/16(f)		1,039,564
	121,511,000	(k)	Mexico Cetes, 3.30%, 05/19/16(f)		704,792
	157,938,000	(k)	Mexico Cetes, 3.30%, 05/26/16(f)		915,407
	181,734,000	(k)	Mexico Cetes, 3.30%, 06/23/16(f)		1,050,276
	344,953,000	(k)	Mexico Cetes, 3.40%, 07/07/16(f)		1,991,164
	31,125,000	(k)	Mexico Cetes, 3.40%, 07/21/16(f)		179,322
	175,952,000	(k)	Mexico Cetes, 3.40%, 08/04/16(f)		1,012,218
	162,450,000	(k)	Mexico Cetes, 3.26%, 10/13/16(f)		927,565
	86,543,000	(k)	Mexico Cetes, 3.25%, 10/27/16(f)		493,464
	400,678,000	(k)	Mexico Cetes, 3.30%, 12/08/16(f)		2,273,978
	51,139,000	(k)	Mexico Cetes, 3.25%, 03/30/17(f)		286,539
					29,253,476

Principal Amount				Value
PHILIPPINES — 0.1%
$	136,650,000	(k)	Philippine Government Bond, 9.13%, 09/04/16	$	2,984,978
	210,000	(k)	Philippine Government Bond, 2.88%, 05/22/17		4,511
	110,000	(k)	Philippine Government Bond, 5.88%, 01/31/18		2,466
	640,000	(k)	Philippine Government Bond, 2.13%, 05/23/18		13,513
	17,570,000	(k)	Philippine Government Bond, 3.88%, 11/22/19		383,931
	2,040,000	(k)	Philippine Treasury Bill, 1.40%, 06/08/16(f)		43,433
	5,020,000	(k)	Philippine Treasury Bill, 1.40%, 09/07/16(f)		106,547
	1,510,000	(k)	Philippine Treasury Bill, 1.20%, 09/14/16(f)		31,992
	2,060,000	(k)	Philippine Treasury Bill, 1.60%, 12/07/16(f)		43,587
	3,010,000	(k)	Philippine Treasury Bill, 1.30%, 03/15/17(f)		62,980
					3,677,938
POLAND — 0.1%
	2,268,000	(k)	Poland Government Bond, 1.75%, 01/25/17(l)		594,667
	8,307,000	(k)	Poland Government Bond, 1.75%, 01/25/21(l)		2,135,647
					2,730,314
PORTUGAL — 0.0%
	2,560,000		Portugal Government International Bond, 5.13%, 10/15/24(i)		2,540,938
SOUTH KOREA — 0.3%
	222,000,000	(k)	Korea Monetary Stabilization Bond, 2.79%, 06/02/16		195,070
	325,600,000	(k)	Korea Monetary Stabilization Bond, 1.62%, 06/09/16		285,802
	77,500,000	(k)	Korea Monetary Stabilization Bond, 1.57%, 07/09/16		68,027
	2,506,200,000	(k)	Korea Monetary Stabilization Bond, 1.56%, 08/09/16		2,207,849
	312,500,000	(k)	Korea Monetary Stabilization Bond, 1.52%, 09/09/16		274,286
	2,990,700,000	(k)	Korea Monetary Stabilization Bond, 2.22%, 10/02/16		2,632,800
	1,537,800,000	(k)	Korea Monetary Stabilization Bond, 1.53%, 10/08/16		1,349,832
	481,600,000	(k)	Korea Monetary Stabilization Bond, 1.61%, 11/09/16		424,505
	6,770,900,000	(k)	Korea Monetary Stabilization Bond, 2.07%, 12/02/16		5,962,784
	434,300,000	(k)	Korea Monetary Stabilization Bond, 1.57%, 01/09/17		381,389

Principal Amount				Value
SOUTH KOREA (continued)
$	769,600,000	(k)	Korea Monetary Stabilization Bond, 1.96%, 02/02/17	$	677,987
	203,100,000	(k)	Korea Monetary Stabilization Bond, 1.70%, 08/02/17		178,753
	1,512,300,000	(k)	Korea Monetary Stabilization Bond, 1.56%, 10/02/17		1,328,943
	521,500,000	(k)	Korea Monetary Stabilization Bond, 1.49%, 02/02/18		457,873
	266,000,000	(k)	Korea Treasury Bond, 2.75%, 06/10/16		233,789
	2,454,640,000	(k)	Korea Treasury Bond, 3.00%, 12/10/16		2,174,138
	2,197,000,000	(k)	Korea Treasury Bond, 2.00%, 12/10/17		1,944,547
	631,500,000	(k)	Korea Treasury Bond, 1.75%, 12/10/18		558,435
	371,500,000	(k)	Korea Treasury Bond, 1.50%, 06/10/19		322,841
	892,470,000	(k)	Korea Treasury Bond, 2.00%, 03/10/21		799,685
					22,459,335
UKRAINE — 0.1%
	829,000	(k)	Ukraine Government International Bond, 7.75%, 09/01/24(i)		785,643
	1,699,000		Ukraine Government International Bond, 7.75%, 09/01/25(i)		1,595,888
	1,699,000	(k)	Ukraine Government International Bond, 7.75%, 09/01/26(i)		1,580,410
	1,699,000		Ukraine Government International Bond, 7.75%, 09/01/27(i)		1,578,286
	3,513,000		Ukraine Government International Bond, 3.31%, 05/31/40(i)(l)		1,097,075
					6,637,302
Total Government Bonds (Cost $119,228,030)					116,433,816
ASSET-BACKED SECURITIES — 8.5%
CAYMAN ISLANDS — 2.6%
	11,750,000		Adams Mill CLO Ltd., Series 2014-1A, Class F, 6.32%, 07/15/26(b)(i)(l)		5,589,441
	7,500,000		Adams Mill CLO Ltd., Series 2014-1A, Class SUB, 11.13%, 07/15/26(b)(f)(i)		2,481,240
	3,000,000		ALM Loan Funding Ltd., Series 2012-6A, Class DR, 6.27%, 07/15/26(i)(l)		2,391,024

Principal Amount			Value
CAYMAN ISLANDS (continued)
$	1,100,000	ALM Loan Funding Ltd., Series 2013-7R2A, Class C, 4.07%, 04/24/24(i)(l)	$	1,052,518
	1,000,000	ALM Loan Funding Ltd., Series 2013-7R2A, Class D, 5.62%, 04/24/24(i)(l)		938,467
	1,200,000	ALM Loan Funding Ltd., Series 2015-12A, Class D, 6.13%, 04/16/27(i)(l)		1,043,760
	2,000,000	ALM Loan Funding Ltd., Series 2015-16A, Class D, 5.98%, 07/15/27(i)(l)		1,637,465
	1,100,000	ALM Loan Funding Ltd., Series 2015-17A, Class C1, 4.75%, 01/15/28(i)(l)		1,048,817
	1,250,000	American Money Management Corp. CLO IX Ltd., Series 2011-9A, Class DR, 6.28%, 01/15/22(i)(l)		1,258,888
	2,250,000	American Money Management Corp. CLO IX Ltd., Series 2011-9A, Class ER, 8.28%, 01/15/22(i)(l)		2,117,488
	1,000,000	American Money Management Corp. CLO Ltd., Series 2016-18A, Class D, 5.63%, 05/26/28(i)(l)		955,000
	2,500,000	Anchorage Capital CLO Ltd., Series 2015-6A, Class F, 6.53%, 04/15/27(i)(l)		1,650,381
	3,500,000	Apidos CLO XIX, Series 2014-19A, Class E, 6.08%, 10/17/26(i)(l)		2,911,796
	5,000,000	Apidos CLO XVIII, Series 2014-18A, Class D, 5.84%, 07/22/26(i)(l)		4,129,988
	2,500,000	Apidos CLO XX, Series 2015-20A, Class D, 6.23%, 01/16/27(i)(l)		2,102,130
	1,000,000	Ares XXVII CLO Ltd., Series 2013-2A, Class D, 4.37%, 07/28/25(i)(l)		899,270
	2,750,000	Ares XXXIII CLO Ltd., Series 2015-1A, Class D, 6.87%, 12/05/25(i)(l)		2,363,849
	2,000,000	Ares XXXVII CLO Ltd., Series 2015-4A, Class D2, 7.65%, 10/15/26(i)(l)		1,826,474
	650,000	Atlas Senior Loan Fund Ltd., Series 2012-1A, Class B2L, 6.87%, 08/15/24(i)(l)		590,734
	1,000,000	Atrium CDO Corp., Series -8A, Class D, 5.12%, 10/23/22(i)(l)		995,732
	5,000,000	Atrium XI, Series 11A, Class E, 5.72%, 10/23/25(i)(l)		4,154,586
	2,000,000	Atrium XII, Series 12A, Class E, 6.59%, 10/22/26(i)(l)		1,725,127
	1,000,000	Babson CLO Ltd., Series 16-1A, Class E, 7.17%, 01/22/28(i)(l)		846,167
	750,000	Babson CLO Ltd., Series 2015-2A, Class E, 6.18%, 07/20/27(i)(l)		622,827

Principal Amount			Value
CAYMAN ISLANDS (continued)
$	2,000,000	Battalion CLO IX Ltd., Series 2015-9A, Class D, 4.53%, 07/15/28(i)(l)	$	1,700,000
	1,250,000	Battalion CLO VII Ltd., Series 2014-7A, Class D, 5.92%, 10/17/26(i)(l)		778,069
	500,000	Battalion CLO VIII Ltd., Series 2015-8A, Class D, 6.08%, 04/18/27(i)(l)		408,313
	1,250,000	Benefit Street Partners CLO VI Ltd., Series 2015-VIA, Class D, 6.18%, 04/18/27(i)(l)		1,038,757
	2,250,000	Benefit Street Partners CLO VIII Ltd., Series 2015-8A, Class C, 4.22%, 01/20/28(i)(l)		2,086,875
	1,250,000	Benefit Street Partners CLO VIII Ltd., Series 2015-8A, Class D, 5.82%, 01/20/28(i)(l)		934,656
	1,000,000	Birchwood Park CLO Ltd., Series 2014-1A, Class D1, 4.08%, 07/15/26(i)(l)		858,693
	650,000	BlueMountain CLO Ltd., Series 2011-1A, Class E, 6.37%, 08/16/22(i)(l)		638,952
	2,500,000	BlueMountain CLO Ltd., Series 2012-1A, Class D, 4.98%, 07/20/23(i)(l)		2,441,976
	1,250,000	BlueMountain CLO Ltd., Series 2014-4A, Class E, 5.94%, 11/30/26(i)(l)		1,033,196
	1,000,000	BlueMountain CLO Ltd., Series 2015-1A, Class C, 4.38%, 04/13/27(i)(l)		883,047
	1,500,000	BlueMountain CLO Ltd., Series 2015-1A, Class D, 6.08%, 04/13/27(i)(l)		1,245,303
	500,000	BlueMountain CLO Ltd., Series 2015-2A, Class E, 5.98%, 07/18/27(i)(l)		400,923
	1,000,000	BlueMountain CLO Ltd., Series 2015-4A, Class D2, 4.51%, 01/20/27(i)(l)		937,578
	1,000,000	BlueMountain CLO Ltd., Series 2015-4A, Class E, 6.96%, 01/20/27(i)(l)		908,524
	2,500,000	Carlyle Global Market Strategies CLO 2015-3 Ltd., Series 2015-3A, Class D, 6.32%, 07/28/28(i)(l)		2,000,715
	1,500,000	Carlyle Global Market Strategies CLO Ltd., Series 2015-1A, Class E1, 5.93%, 04/20/27(i)(l)		1,231,904
	3,250,000	Carlyle Global Market Strategies CLO Ltd., Series 2015-4A, Class SBB1, 11.00%, 10/20/27(f)(i)		3,127,295

Principal Amount			Value
CAYMAN ISLANDS (continued)
$	750,000	Carlyle Global Market Strategies CLO Ltd., Series 2016-1A, Class D, 8.23%, 04/20/27(i)(l)	$	668,083
	1,000,000	Carlyle Global Market Strategies CLO, Series 2015-2A, Class D, 5.92%, 04/27/27(i)(l)		822,193
	1,800,000	CIFC Funding Ltd., Series 2011-1A, Class D, 5.63%, 01/19/23(i)(l)		1,787,400
	1,500,000	CIFC Funding Ltd., Series 2012-2A, Class B2R, 6.39%, 05/26/27(i)(l)		1,318,355
	1,000,000	Dryden Senior Loan Fund, Series 2014-34A, Class D, 4.23%, 10/15/26(i)(l)		880,489
	1,000,000	Dryden Senior Loan Fund, Series 2014-36A, Class E, 5.82%, 11/09/25(i)(l)		820,837
	1,250,000	Galaxy XI CLO Ltd., Series 2011-11A, Class E, 5.62%, 08/20/22(i)(l)		1,128,819
	600,000	Goldentree Loan Opportunities VI Ltd., Series 2012-6A, Class E, 6.13%, 04/17/22(i)(l)		532,711
	2,000,000	Goldentree Loan Opportunities XI Ltd., Series 2015-11A, Class E, 6.18%, 04/18/27(i)(l)		1,670,099
	3,000,000	Gramercy Park CLO Ltd., Series 2012-1AR, Class DR, 5.79%, 07/17/23(i)(l)		2,754,319
	1,000,000	HPS Loan Management Ltd., Series 9A-2016, Class D2, 7.08%, 07/19/27(i)(l)		901,200
	21,500,000	Jackson Mill CLO Ltd., Series 2015-1A, Class E, 5.63%, 04/15/27(b)(i)(l)		17,242,963
	20,000,000	Jackson Mill CLO Ltd., Series 2015-1A, Class SUB, 1.00%, 04/15/27(b)(f)(i)		11,550,100
	8,000,000	Jefferson Mill CLO Ltd., Series 2015-1A, Class F, 7.13%, 07/20/27(b)(i)(l)		4,143,420
	8,000,000	Jefferson Mill CLO Ltd., Series 2015-1A, Class SUB, 6.67%, 07/20/27(b)(f)(i)		3,829,893
	1,000,000	LCM Ltd. Partnership IX LP, Series 9A, Class E, 4.83%, 07/14/22(i)(l)		971,404
	1,000,000	LCM Ltd. Partnership XIII LP, Series 13A, Class D, 4.43%, 01/19/23(i)(l)		903,828
	1,000,000	LCM Ltd. Partnership XVII LP, Series -17A, Class D, 4.13%, 10/15/26(i)(l)		873,707
	1,500,000	LCM Ltd. Partnership XVIII LP, Series -18A, Class D, 4.43%, 04/20/27(i)(l)		1,325,373
	500,000	LCM Ltd. Partnership XVIII LP, Series 18A, Class E, 4.61%, 04/20/27(f)(i)		303,324

Principal Amount			Value
CAYMAN ISLANDS (continued)
$	1,000,000	LCM Ltd. Partnership XVIII LP, Series 18A, Class E, 5.98%, 04/20/27(i)(l)	$	822,100
	1,350,000	LCM Ltd. Partnership XXI LP, Series -21A, Class D, 5.73%, 04/20/28(i)(l)		1,285,465
	1,000,000	Madison Park Funding Ltd., Series 2012-9A, Class E, 5.87%, 08/15/22(i)(l)		880,687
	1,000,000	Madison Park Funding XIX Ltd., Series 2015-19A, Class D, 6.86%, 01/22/28(i)(l)		841,893
	1,000,000	Madison Park Funding XX Ltd., Series 2016-20A, Class E, 8.08%, 04/27/27(i)(l)		871,701
	1,000,000	Neuberger Berman CLO Ltd., Series 2015-20A, Class D, 4.46%, 01/15/28(i)(l)		886,633
	1,250,000	Neuberger Berman CLO Ltd., Series 2015-20A, Class E, 6.96%, 01/15/28(i)(l)		971,198
	1,250,000	Neuberger Berman CLO XII Ltd., Series 2012-12AR, Class ER, 6.55%, 07/25/23(i)(l)		1,157,624
	625,000	Neuberger Berman CLO XVII Ltd., Series 2014-17A, Class D, 4.17%, 08/04/25(i)(l)		548,404
	1,000,000	Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class C, 4.37%, 11/14/25(i)(l)		886,831
	1,000,000	Oak Hill Credit Partners XII Ltd., Series 2015-12A, Class D1, 4.64%, 01/23/27(i)(l)		881,525
	1,000,000	Octagon Investment Partners 26 Ltd., Series 2016-1A, Class D, 5.57%, 04/15/27(i)(l)		949,497
	1,000,000	Octagon Investment Partners 26 Ltd., Series 2016-1A, Class E, 8.47%, 04/15/27(i)(l)		909,371
	1,000,000	Octagon Investment Partners XII Ltd., Series 2012-1AR, Class ER, 5.78%, 05/05/23(i)(l)		887,178
	1,100,000	Octagon Investment Partners XXI Ltd., Series 2014-1A, Class C, 4.27%, 11/14/26(i)(l)		980,248
	1,000,000	Octagon Investment Partners XXI Ltd., Series 2014-1A, Class D, 7.22%, 11/14/26(i)(l)		883,610
	1,250,000	Octagon Investment Partners XXII Ltd., Series 2014-1A, Class E1, 5.89%, 11/22/25(i)(l)		1,025,059
	5,000,000	Octagon Loan Funding Ltd., Series 2014-1A, Class E, 5.82%, 11/18/26(i)(l)		3,932,636
	1,375,000	OHA Credit Partners XI Ltd., Series 2015-11A, Class E, 7.33%, 10/20/28(i)(l)		1,108,709

Principal Amount			Value
CAYMAN ISLANDS (continued)
$	1,750,000	OZLM Funding III Ltd., Series 2013-3A, Class D, 5.64%, 01/22/25(i)(l)	$	1,488,375
	1,750,000	OZLM Funding Ltd., Series 2012-1A, Class DR, 7.34%, 07/22/27(i)(l)		1,544,864
	1,500,000	OZLM VII Ltd., Series 2014-7A, Class D, 5.63%, 07/17/26(i)(l)		1,217,603
	1,000,000	OZLM XI Ltd., Series 2015-11A, Class C2, 4.37%, 01/30/27(i)(l)		886,501
	1,250,000	OZLM XIII Ltd., Series 2015-13A, Class D, 6.07%, 07/30/27(i)(l)		836,045
	1,200,000	OZLM XIV Ltd., Series 2015-14A, Class C, 4.73%, 01/15/29(i)(l)		1,075,836
	1,500,000	OZLM XIV Ltd., Series 2015-14A, Class D, 6.73%, 01/15/29(i)(l)		1,171,576
	1,200,000	Regatta V Funding Ltd., Series 2014-1A, Class D, 5.52%, 10/25/26(i)(l)		946,221
	1,650,000	Sound Point CLO III Ltd., Series 2013-2A, Class E, 5.23%, 07/15/25(i)(l)		1,362,609
	1,000,000	Sound Point CLO IX Ltd., Series 2015-2A, Class E, 6.13%, 07/20/27(i)(l)		828,563
	1,000,000	Stewart Park CLO Ltd., Series 2015-1A, Class E, 6.08%, 04/15/26(i)(l)		845,409
	1,250,000	Symphony CLO IX LP, Series 2012-9A, Class E, 5.63%, 04/16/22(i)(l)		1,112,466
	1,500,000	Symphony CLO XV Ltd., Series 2014-15A, Class E, 5.68%, 10/17/26(i)(l)		1,224,233
	1,000,000	Voya CLO Ltd., Series 2012-2AR, Class ER, 6.63%, 10/15/22(i)(l)		847,314
	1,000,000	Voya CLO Ltd., Series 2014-1A, Class C, 4.03%, 04/18/26(i)(l)		866,821
	3,750,000	Voya CLO Ltd., Series 2015-1A, Class E, 7.13%, 04/18/27(i)(l)		2,657,256
	1,250,000	Voya CLO Ltd., Series 2015-2A, Class D, 4.02%, 07/23/27(i)(l)		1,127,637
	11,250,000	Washington Mill CLO Ltd., Series 2014-1A, Class F, 6.13%, 04/20/26(b)(i)(l)		5,396,738
	17,600,000	Washington Mill CLO Ltd., Series 2014-1A, Class SUB, 11.02%, 04/20/26(b)(f)(i)		6,034,414
	4,250,000	Webster Park CLO Ltd., Series 2015-1A, Class C, 4.56%, 01/20/27(i)(l)		3,971,560
	2,650,000	Webster Park CLO Ltd., Series 2015-1A, Class D, 6.61%, 01/20/27(i)(l)		2,216,439
				180,785,311

Principal Amount			Value
UNITED STATES — 5.9%
$	16,750,739	Argent Mortgage Loan Trust, Series 2005-W1, Class A2, 0.68%, 05/25/35(l)	$	13,746,997
	9,938,733	Bayview Financial Revolving Asset Trust, Series 2004-B, Class A1, 1.43%, 05/28/39(i)(l)		7,215,836
	3,169,240	Bear Stearns Asset Backed Securities I Trust, Series 2006-EC2, Class M2, 0.86%, 02/25/36(l)		2,728,894
	8,488,980	Bear Stearns Asset Backed Securities I Trust, Series 2006-HE10, Class 22A, 0.58%, 12/25/36(l)		6,650,946
	3,850,084	Bear Stearns Asset-Backed Securities Trust, Series 2006-AC2, Class 22A1, 0.78%, 03/25/36(l)		1,321,745
	3,850,084	Bear Stearns Asset-Backed Securities Trust, Series 2006-AC2, Class 22A3, 0.78%, 03/25/36(l)		1,321,745
	15,454,146	Bear Stearns Asset-Backed Securities Trust, Series 2006-AQ1, Class 2A2, 0.64%, 10/25/36(l)		12,343,014
	8,000,000	Bear Stearns Second Lien Trust, Series 2007-SV1A, Class M1, 1.63%, 12/25/36(i)(l)		7,477,395
	3,814,162	Bombardier Capital Mortgage Securitization Pass-Through Certificates, Series 2000-A, Class A2, 7.58%, 06/15/30(l)		1,817,103
	3,575,777	Bombardier Capital Mortgage Securitization Pass-Through Certificates, Series 2000-A, Class A3, 7.83%, 06/15/30(l)		1,867,269
	6,054,982	Bombardier Capital Mortgage Securitization Pass-Through Certificates, Series 2000-A, Class A4, 8.29%, 06/15/30(l)		3,231,575
	3,800,000	Carrington Mortgage Loan Trust Series, Series 2006-NC2, Class A3, 0.58%, 06/25/36(l)		3,147,333
	8,203,000	Carrington Mortgage Loan Trust, Series 2006-FRE1, Class A3, 0.58%, 07/25/36(l)		6,833,345
	12,189,967	Carrington Mortgage Loan Trust, Series 2006-FRE2, Class A3, 0.59%, 10/25/36(l)		6,894,924
	3,507,535	Carrington Mortgage Loan Trust, Series 2007-FRE1, Class A2, 0.63%, 02/25/37(l)		3,307,909
	4,884,740	Carrington Mortgage Loan Trust, Series 2007-FRE1, Class A4, 0.85%, 02/25/37(l)		3,143,083
	8,250,000	Carrington Mortgage Loan Trust, Series 2007-RFC1, Class A3, 0.57%, 12/25/36(l)		4,599,112
	12,415,000	Carrington Mortgage Loan Trust, Series 2007-RFC1, Class A4, 0.65%, 12/25/36(l)		6,796,680

Principal Amount			Value
UNITED STATES (continued)
$	4,150,980	Conseco Financial Corp., Series 1997-7, Class M1, 7.03%, 07/15/28	$	3,975,193
	2,953,313	Conseco Financial Corp., Series 1998-2, Class M1, 6.94%, 12/01/28(l)		2,630,813
	2,253,679	Countrywide Asset-Backed Certificates, Series 2006-11, Class 3AV2, 0.59%, 09/25/46(l)		2,020,782
	2,671,841	Countrywide Asset-Backed Certificates, Series 2006-S3, Class A3, STEP, 6.29%, 06/25/21		2,770,378
	2,226,840	Countrywide Asset-Backed Certificates, Series 2007-4, Class A2, 5.53%, 04/25/47(l)		2,503,274
	18,243,673	Countrywide Asset-Backed Certificates, Series 2007-S3, Class A3, 0.81%, 05/25/37(l)		14,713,620
	4,164,197	Countrywide Home Equity Loan Trust, Series 2006-S5, Class A4, 5.84%, 06/25/35		4,096,255
	5,293,470	Countrywide Home Equity Loan Trust, Series 2006-S5, Class A5, 6.16%, 06/25/35		4,861,022
	3,253,984	Countrywide Revolving Home Equity Loan Resecuritization Trust, Series 2006-RES, Class 4Q1B, 0.73%, 12/15/33(i)(l)		2,743,434
	2,971,369	Countrywide Revolving Home Equity Loan Resecuritization Trust, Series 2006-RES, Class 4T1B, 0.67%, 02/15/30(i)(l)		2,426,895
	2,703,636	Countrywide Revolving Home Equity Loan Resecuritization Trust, Series 2006-RES, Class 5B1B, 0.62%, 05/15/35(i)(l)		2,247,776
	3,099,846	Credit-Based Asset Servicing & Securitization LLC Trust, Series 2006-CB9, Class A3, 0.59%, 11/25/36(l)		1,641,681
	5,957,652	First Franklin Mortgage Loan Trust Asset Backed Certificates, Series 2007-FF2, Class A2C, 0.59%, 03/25/37(l)		3,775,745
	8,546,631	Fremont Home Loan Trust, Series 2006-3, Class 2A3, 0.60%, 02/25/37(l)		4,692,636
	5,205,892	GFT Mortgage Loan Trust, Series 2015-GFT1, Class A, STEP, 3.72%, 01/25/55(i)		5,143,421
	4,912,146	GMAC Mortgage Home Equity Loan Trust, Series 2005-HE3, Class A3, 0.67%, 02/25/36(l)		4,758,494
	4,212,194	GMAC Mortgage Home Equity Loan Trust, Series 2006-HE1, Class A, 0.65%, 11/25/36(l)		3,891,858

Principal Amount			Value
UNITED STATES (continued)
$	3,862,671	Greenpoint Manufactured Housing, Series 1999-1, Class A5, 6.77%, 08/15/29(l)	$	3,763,250
	3,525,325	Greenpoint Manufactured Housing, Series 2000-1, Class A4, 8.14%, 03/20/30(l)		3,703,559
	9,266,038	Greenpoint Manufactured Housing, Series 2000-3, Class IA, 8.45%, 06/20/31(l)		9,123,438
	759,488	GSAA Trust, Series 2006-7, Class AF2, 5.99%, 03/25/46(l)		530,037
	7,245,539	GSAMP Trust, Series 2006-FM2, Class A2B, 0.55%, 09/25/36(l)		2,971,017
	1,000,000	Highbridge Loan Management Ltd., Series 2015-6A, Class E1, 6.07%, 03/17/27(i)(l)		820,626
	1,000,000	Highbridge Loan Management Ltd., Series 2015-7A, Class D, 4.33%, 11/15/26(i)(l)		869,528
	500,000	Highbridge Loan Management Ltd., Series 2016-8A, Class D, 5.33%, 04/20/27(i)(l)		465,000
	4,000,000	Invitation Homes Trust, Series 2015-SFR3, Class E, 4.19%, 08/17/32(i)(l)		3,860,120
	1,258,377	Irwin Home Equity Loan Trust, Series 2006-2, Class 2A2, STEP, 6.24%, 02/25/36(i)		1,306,525
	10,952,108	Long Beach Mortgage Loan Trust, Series 2006-1, Class 1A, 0.66%, 02/25/36(l)		8,695,009
	22,869,074	Long Beach Mortgage Loan Trust, Series 2006-1, Class 2A3, 0.63%, 02/25/36(l)		12,445,757
	1,450,346	Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A2, 0.55%, 11/25/36(l)		594,092
	20,005,658	Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A3, 0.60%, 11/25/36(l)		8,274,272
	3,932,167	Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A4, 0.66%, 11/25/36(l)		1,644,928
	8,867,108	Long Beach Mortgage Loan Trust, Series 2006-2, Class 2A3, 0.63%, 03/25/46(l)		3,424,892
	27,612,859	Long Beach Mortgage Loan Trust, Series 2006-5, Class 2A4, 0.68%, 06/25/36(l)		13,917,839
	21,494,546	Long Beach Mortgage Loan Trust, Series 2006-6, Class 1A, 0.58%, 07/25/36(l)		12,744,492
	5,627,974	Long Beach Mortgage Loan Trust, Series 2006-7, Class 2A2, 0.56%, 08/25/36(l)		2,587,921

Principal Amount			Value
UNITED STATES (continued)
$	7,482,545	Long Beach Mortgage Loan Trust, Series 2006-9, Class 2A3, 0.60%, 10/25/36(l)	$	2,980,350
	4,000,000	Madison Avenue Manufactured Housing Contract Trust, Series 2002-A, Class B2, 3.69%, 03/25/32(l)		3,733,040
	5,132,936	Mastr Second Lien Trust, Series 2006-1, Class A, 0.75%, 03/25/36(l)		1,380,215
	1,000,000	Mill Creek CLO Ltd., Series 2016-1A, Class E, 8.37%, 04/20/28(i)(l)		940,000
	1,847,533	Morgan Stanley ABS Capital I, Series 2006-HE4, Class A4, 0.68%, 06/25/36(l)		1,190,356
	12,585,023	Morgan Stanley ABS Capital I, Series 2006-HE6, Class A2C, 0.59%, 09/25/36(l)		5,535,277
	4,150,730	Morgan Stanley ABS Capital I, Series 2007-HE1, Class A2D, 0.67%, 11/25/36(l)		2,468,983
	9,799,882	Morgan Stanley ABS Capital I, Series 2007-NC3, Class A2B, 0.57%, 05/25/37(l)		6,675,205
	6,222,213	Morgan Stanley Mortgage Loan Trust, Series 2006-12XS, Class A4, STEP, 6.01%, 10/25/36		2,882,117
	3,718,605	Oakwood Mortgage Investors, Inc., Series 1999-C, Class A2, 7.48%, 08/15/27		3,716,870
	1,124,845	Oakwood Mortgage Investors, Inc., Series 2001-D, Class A3, 5.90%, 09/15/22(l)		876,630
	2,030,352	Oakwood Mortgage Investors, Inc., Series 2002-B, Class A4, 7.09%, 06/15/32(l)		2,167,985
	2,000,000	OneMain Financial Issuance Trust, Series 2014-2A, Class C, 4.33%, 09/18/24(i)		1,933,883
	4,000,000	OneMain Financial Issuance Trust, Series 2014-2A, Class D, 5.31%, 09/18/24(i)		3,867,156
	15,000,000	OneMain Financial Issuance Trust, Series 2015-1A, Class C, 5.12%, 03/18/26(i)		14,526,395
	20,000,000	OneMain Financial Issuance Trust, Series 2015-1A, Class D, 6.63%, 03/18/26(b)(i)		19,770,606
	10,000,000	OneMain Financial Issuance Trust, Series 2015-2A, Class D, 5.64%, 07/18/25(b)(i)		9,573,315
	4,000,000	OneMain Financial Issuance Trust, Series 2015-3A, Class D, 6.94%, 11/20/28(i)		3,823,040

Principal Amount			Value
UNITED STATES (continued)
$	10,000,000	Pretium Mortgage Credit Partners LLC, Series 2016-NPL3, Class A1, 4.38%, 10/25/54(i)	$	10,000,000
	2,500,000	Progress Residential Trust, Series 2014-SFR1, Class F, 5.14%, 10/17/31(i)(l)		2,374,675
	6,000,000	Progress Residential Trust, Series 2015-SFR1, Class E, 4.44%, 02/17/32(i)(l)		5,839,997
	4,026,089	Residential Asset Securities Corp. Trust, Series 2002-KS4, Class AIIA, 0.93%, 07/25/32(l)		3,455,031
	18,480,000	Santander Drive Auto Receivables Trust, Series 2012-AA, 0.00%, 12/16/19(b)(i)		7,854,000
	20,980,000	Santander Drive Auto Receivables Trust, Series 2014-S5, 0.00%, 12/16/19(b)(i)		11,119,400
	20,980,000	Santander Drive Auto Receivables Trust, Series 2014-S6, 0.00%, 12/16/19(b)(i)		13,217,400
	2,000,000	Silver Bay Realty Trust, Series 2014-1, Class E, 3.69%, 09/17/31(i)(l)		1,990,720
	4,260,910	Soundview Home Equity Loan Trust, Series 2007-OPT1, Class 2A3, 0.65%, 06/25/37(l)		2,569,888
	5,870,696	US Residential Opportunity Fund Trust, Series 2015-1III, Class A, 3.72%, 01/27/35(i)		5,820,943
				407,363,961
Total Asset-Backed Securities (Cost $641,861,585)				588,149,272
NON-AGENCY MORTGAGE-BACKED SECURITIES — 8.5%
COLLATERALIZED MORTGAGE OBLIGATIONS — 7.6%
	2,209,933	Adjustable Rate Mortgage Trust, Series 2005-3, Class 2A1, 2.99%, 07/25/35(l)		1,985,548
	3,081,055	Adjustable Rate Mortgage Trust, Series 2007-1, Class 4A1, 3.93%, 03/25/37(l)		2,379,712
	6,962,389	Ajax Mortgage Loan Trust, Series 2016-A, Class A, STEP, 4.25%, 08/25/64(i)		6,883,191
	3,396,196	American Home Mortgage Assets Trust, Series 2006-2, Class 1A1, 1.31%, 09/25/46(l)		2,263,095
	3,387,515	American Home Mortgage Assets Trust, Series 2007-3, Class 22A1, STEP, 6.25%, 06/25/37		2,581,432

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	75,005	American Home Mortgage Assets Trust, Series 2007-4, Class A2, 0.63%, 08/25/37(l)	$	74,423
	2,390,791	American Home Mortgage Investment Trust, Series 2005-2, Class 5A4D, STEP, 5.33%, 09/25/35		2,049,652
	33	Banc of America Alternative Loan Trust, Series 2005-9, Class 2CB1, 6.00%, 10/25/35		32
	712,190	Banc of America Funding Corp., Series 2005-F, Class 6A1, 2.85%, 09/20/35(l)		678,474
	1,463,238	Banc of America Funding Corp., Series 2006-A, Class 3A2, 2.94%, 02/20/36(l)		1,164,030
	1,363,653	Banc of America Funding Corp., Series 2006-E, Class 2A1, 2.90%, 06/20/36(l)		1,111,738
	3,788,437	Banc of America Funding Corp., Series 2007-1, Class TA5, STEP, 6.09%, 01/25/37		3,192,552
	1,634,548	Banc of America Mortgage Securities, Inc., Series 2005-I, Class 2A5, 2.89%, 10/25/35(l)		1,427,884
	5,702,038	BCAP LLC Trust, Series 2010-RR11, Class 4A1, 2.84%, 03/27/47(i)(l)		5,467,457
	6,250,000	BCAP LLC Trust, Series 2012-RR4, Class 8A4, 0.66%, 06/26/47(i)(l)		5,518,467
	3,758,084	Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-12, Class 23A1, 2.66%, 02/25/36(l)		3,127,999
	1,218,250	Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-6, Class 5A1, 2.77%, 08/25/35(l)		1,066,270
	1,184,985	Bear Stearns Adjustable Rate Mortgage Trust, Series 2007-3, Class 1A1, 3.00%, 05/25/47(l)		1,057,981
	6,871,370	Bear Stearns Adjustable Rate Mortgage Trust, Series 2007-4, Class 12A1, 7.02%, 05/25/37(l)		5,950,794
	3,435,851	Bear Stearns Alt-A Trust, Series 2005-9, Class 26A1, 2.98%, 11/25/35(l)		2,509,591
	3,511,538	Bear Stearns Alt-A Trust, Series 2006-2, Class 11A1, 0.87%, 04/25/36(l)		2,755,088
	7,745,978	Bear Stearns ALT-A Trust, Series 2006-6, Class 1A1, 0.75%, 11/25/36(l)		5,794,915
	3,540,201	Bear Stearns Mortgage Funding Trust, Series 2006-SL4, Class A, 0.74%, 11/25/36(l)		7,193,381
	3,376,990	Chase Mortgage Trust, Series 2016-1, Class M4, 3.75%, 04/25/45(i)		3,037,981

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	660,848	Citigroup Mortgage Loan Trust, Inc., Series 2005-2, Class 1A1, 2.92%, 05/25/35(l)	$	642,832
	660,213	Citigroup Mortgage Loan Trust, Inc., Series 2006-AR3, Class 1A2A, 4.87%, 06/25/36(l)		623,583
	6,587,261	Citigroup Mortgage Loan Trust, Inc., Series 2007-9, Class 1A1, 5.75%, 04/25/47(i)		5,442,675
	929,954	Countrywide Alternative Loan Trust, Series 2004-36CB, Class 1A1, 6.00%, 02/25/35		842,184
	2,439,976	Countrywide Alternative Loan Trust, Series 2005-31, Class 2A1, 0.73%, 08/25/35(l)		2,066,014
	4,278,501	Countrywide Alternative Loan Trust, Series 2005-36, Class 2A1A, 0.74%, 08/25/35(l)		3,404,832
	7,192,353	Countrywide Alternative Loan Trust, Series 2005-38, Class A3, 0.78%, 09/25/35(l)		5,930,201
	2,836,555	Countrywide Alternative Loan Trust, Series 2005-63, Class 5A1, 2.69%, 12/25/35(l)		2,374,092
	208,155	Countrywide Alternative Loan Trust, Series 2005-69, Class A1, 1.38%, 12/25/35(l)		178,666
	7,010,022	Countrywide Alternative Loan Trust, Series 2005-7CB, Class 2A8, 0.88%, 04/25/35(l)		5,436,478
	3,295,592	Countrywide Alternative Loan Trust, Series 2005-9CB, Class 1A3, 0.88%, 05/25/35(l)		2,625,717
	1,786,618	Countrywide Alternative Loan Trust, Series 2005-J14, Class A3, 5.50%, 12/25/35		1,576,910
	5,597,143	Countrywide Alternative Loan Trust, Series 2006-12CB, Class A10, 0.78%, 05/25/36(l)		3,198,326
	3,276,882	Countrywide Alternative Loan Trust, Series 2006-15CB, Class A1, 6.50%, 06/25/36		2,508,912
	6,582,803	Countrywide Alternative Loan Trust, Series 2006-20CB, Class A9, 6.00%, 07/25/36		5,354,407
	3,109,516	Countrywide Alternative Loan Trust, Series 2006-22R, Class 2A1, 6.25%, 05/25/36		2,099,205
	2,439,602	Countrywide Alternative Loan Trust, Series 2006-24CB, Class A13, 0.78%, 06/25/36(l)		1,434,983
	2,439,602	Countrywide Alternative Loan Trust, Series 2006-24CB, Class A14, 6.71%, 06/25/36(l)		699,104

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	2,514,888	Countrywide Alternative Loan Trust, Series 2006-24CB, Class A15, 5.75%, 06/25/36	$	2,105,339
	2,510,738	Countrywide Alternative Loan Trust, Series 2006-2CB, Class A4, 0.83%, 03/25/36(l)		1,544,262
	7,052,461	Countrywide Alternative Loan Trust, Series 2006-2CB, Class A6, 5.50%, 03/25/36		5,685,608
	2,703,149	Countrywide Alternative Loan Trust, Series 2006-41CB, Class 1A10, 6.00%, 01/25/37		2,294,494
	1,958,089	Countrywide Alternative Loan Trust, Series 2006-41CB, Class 1A4, 5.75%, 01/25/37		1,640,117
	2,453,895	Countrywide Alternative Loan Trust, Series 2006-45T1, Class 2A2, 6.00%, 02/25/37		2,075,046
	5,611,027	Countrywide Alternative Loan Trust, Series 2006-45T1, Class 2A5, 6.00%, 02/25/37		4,744,757
	396,937	Countrywide Alternative Loan Trust, Series 2006-6CB, Class 1A10, 5.50%, 05/25/36		355,878
	1,126,146	Countrywide Alternative Loan Trust, Series 2006-6CB, Class 1A2, 0.83%, 05/25/36(l)		829,121
	6,387,213	Countrywide Alternative Loan Trust, Series 2006-7CB, Class 2A1, 6.50%, 05/25/36		4,634,062
	4,829,106	Countrywide Alternative Loan Trust, Series 2006-J7, Class 2A1, 2.16%, 11/20/36(l)		3,618,723
	10,524,995	Countrywide Alternative Loan Trust, Series 2006-OA14, Class 1A1, 2.11%, 11/25/46(l)		8,749,301
	6,057,521	Countrywide Alternative Loan Trust, Series 2006-OA14, Class 2A1, 0.62%, 11/25/46(l)		4,747,359
	7,414,881	Countrywide Alternative Loan Trust, Series 2006-OA14, Class 3A1, 1.23%, 11/25/46(l)		5,957,554
	2,650,000	Countrywide Alternative Loan Trust, Series 2006-OA16, Class A1D, 0.71%, 10/25/46(l)		2,061,951
	6,074,392	Countrywide Alternative Loan Trust, Series 2006-OA18, Class A1, 0.55%, 12/25/46(l)		5,213,852
	8,466,088	Countrywide Alternative Loan Trust, Series 2006-OA21, Class A1, 0.63%, 03/20/47(l)		6,081,764
	3,562,640	Countrywide Alternative Loan Trust, Series 2006-OA22, Class A1, 0.59%, 02/25/47(l)		2,929,574

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	1,798,691	Countrywide Alternative Loan Trust, Series 2006-OA3, Class 2A1, 0.64%, 05/25/36(l)	$	1,443,251
	10,048,792	Countrywide Alternative Loan Trust, Series 2006-OA6, Class 1A1A, 0.64%, 07/25/46(l)		7,585,812
	15,786,325	Countrywide Alternative Loan Trust, Series 2006-OA8, Class 1A1, 0.63%, 07/25/46(l)		12,801,731
	9,931,196	Countrywide Alternative Loan Trust, Series 2006-OC1, Class 1A1, 0.66%, 03/25/36(l)		9,347,639
	8,044,544	Countrywide Alternative Loan Trust, Series 2006-OC10, Class 2A2A, 0.61%, 11/25/36(l)		8,018,268
	6,938,431	Countrywide Alternative Loan Trust, Series 2006-OC3, Class 1A1, 0.61%, 04/25/46(l)		6,265,123
	3,635,961	Countrywide Alternative Loan Trust, Series 2007-12T1, Class A22, 5.75%, 06/25/37		2,926,396
	3,662,300	Countrywide Alternative Loan Trust, Series 2007-12T1, Class A5, 6.00%, 06/25/37		3,008,443
	1,879,285	Countrywide Alternative Loan Trust, Series 2007-19, Class 1A34, 6.00%, 08/25/37		1,461,108
	6,798,547	Countrywide Alternative Loan Trust, Series 2007-22, Class 2A16, 6.50%, 09/25/37		5,148,673
	7,083,795	Countrywide Alternative Loan Trust, Series 2007-25, Class 1A3, 6.50%, 11/25/37		5,667,921
	1,824,926	Countrywide Alternative Loan Trust, Series 2007-9T1, Class 1A8, 6.00%, 05/25/37		1,391,590
	6,039,788	Countrywide Alternative Loan Trust, Series 2007-HY5R, Class 2A1B, 2.84%, 03/25/47(l)		5,653,633
	3,527,230	Countrywide Alternative Loan Trust, Series 2007-J1, Class 3A4, STEP, 5.25%, 11/25/36		3,337,991
	6,400,612	Countrywide Alternative Loan Trust, Series 2007-OA2, Class 1A1, 1.19%, 03/25/47(l)		4,797,687
	5,055,868	Countrywide Alternative Loan Trust, Series 2007-OA2, Class 2A1, 0.56%, 03/25/47(l)		3,397,674
	2,902,282	Countrywide Alternative Loan Trust, Series 2008-1R, Class 2A3, 6.00%, 08/25/37		2,315,007
	4,110,120	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-31, Class 2A3, 2.59%, 01/25/36(l)		3,723,732

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	1,105,521	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-J3, Class 2A4, 4.50%, 09/25/35	$	1,045,030
	3,330,621	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-HYB1, Class 2A1, 2.61%, 03/20/36(l)		3,238,931
	16,701,640	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA4, Class A1, 1.34%, 04/25/46(l)		9,304,961
	5,254,396	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA5, Class 3A1, 0.63%, 04/25/46(l)		4,575,112
	1,887,812	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-R2, Class AF1, 0.85%, 07/25/36(i)(l)		1,698,703
	4,222,371	Countrywide Home Loan Mortgage Pass-Through Trust, Series 2007-21, Class 1A1, 6.25%, 02/25/38		3,707,625
	422,024	Credit Suisse Mortgage Capital Certificates, Series 2006-8, Class 1A1, 4.50%, 10/25/21		383,365
	4,081,687	Credit Suisse Mortgage Capital Certificates, Series 2006-9, Class 3A1, 6.00%, 11/25/36		3,781,936
	805,539	Credit Suisse Mortgage Capital Certificates, Series 2010-20R, Class 9A1, 2.62%, 01/27/36(i)(l)		789,693
	2,529,570	Credit Suisse Mortgage Capital Certificates, Series 2011-5R, Class 2A1, 2.76%, 08/25/46(i)(l)		2,476,697
	4,733,852	Credit Suisse Mortgage Trust, Series 2014-2R, Class 17A3, 12.79%, 04/27/37(i)(l)		3,629,147
	7,000,000	Credit Suisse Mortgage Trust, Series 2015-4R, Class 1A4, 0.59%, 05/25/28(i)(l)		2,623,642
	1,957,629	Credit Suisse Mortgage Trust, Series 2015-5R, Class 3A1, 4.75%, 01/29/37(i)		1,979,398
	12,047,482	Credit Suisse Mortgage Trust, Series 2015-6R, Class 5A1, 0.62%, 10/27/36(i)(l)		4,883,206
	7,034,807	Credit Suisse Mortgage Trust, Series 2015-6R, Class 5A1, 0.62%, 01/27/37(i)(l)		6,335,371
	2,468,440	Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-1, Class 1A3B, 0.57%, 08/25/37(l)		2,148,871

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	3,335,094	Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-OA2, Class A1, 1.12%, 04/25/47(l)	$	2,792,795
	3,628,660	Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-OA4, Class 1A1B, 0.56%, 08/25/47(l)		2,962,800
	2,000,000	Fannie Mae Connecticut Avenue Securities, Series 2014-C03, Class 1M2, 3.43%, 07/25/24(l)		1,893,434
	3,223,880	Fannie Mae Connecticut Avenue Securities, Series 2016-C02, Class 1M2, 6.44%, 09/25/28(l)		3,438,784
	1,236,664	GMAC Mortgage Corp. Loan Trust, Series 2005-AR6, Class 2A1, 3.25%, 11/19/35(l)		1,131,453
	6,810,333	GSMPS Mortgage Loan Trust, Series 2005-RP1, Class 1AF, 0.78%, 01/25/35(i)(l)		5,623,393
	2,451,942	GSMPS Mortgage Loan Trust, Series 2006-RP1, Class 1AF1, 0.78%, 01/25/36(i)(l)		2,000,968
	1,182,973	GSR Mortgage Loan Trust, Series 2005-AR1, Class 2A1, 2.95%, 01/25/35(l)		1,185,538
	1,793,041	GSR Mortgage Loan Trust, Series 2005-AR3, Class 5A1, 2.99%, 05/25/35(l)		1,709,901
	451,099	GSR Mortgage Loan Trust, Series 2006-4F, Class 1A1, 5.00%, 05/25/36		417,343
	1,102,196	GSR Mortgage Loan Trust, Series 2006-9F, Class 9A1, 6.00%, 08/25/21		1,074,696
	1,748,558	GSR Mortgage Loan Trust, Series 2006-AR1, Class 3A1, 3.05%, 01/25/36(l)		1,569,541
	1,862,848	GSR Mortgage Loan Trust, Series 2007-4F, Class 3A1, 6.00%, 07/25/37		1,662,521
	2,119,303	Homebanc Mortgage Trust, Series 2006-1, Class 2A1, 2.34%, 04/25/37(l)		1,591,009
	671,070	Homebanc Mortgage Trust, Series 2007-1, Class 13A1, 5.35%, 04/25/47(l)		500,495
	6,297,131	Impac CMB Trust, Series 2005-7, Class A1, 0.95%, 11/25/35(l)		4,950,079
	61,428,188	IndyMac IMSC Mortgage Loan Trust, Series 2007-HOA1, Class AXPP, 8.23%, 07/25/47(f)		4,938,034
	4,370,723	IndyMac INDX Mortgage Loan Trust, Series 2006-AR11, Class 4A1, 3.09%, 06/25/36(l)		3,332,980

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	6,439,352	IndyMac INDX Mortgage Loan Trust, Series 2006-AR33, Class 2A21, 3.20%, 01/25/37(l)	$	5,253,472
	12,244,942	IndyMac INDX Mortgage Loan Trust, Series 2006-FLX1, Class A1, 0.65%, 11/25/36(l)		10,207,213
	230,617	JPMorgan Alternative Loan Trust, Series 2007-A1, Class 1A1B, 0.50%, 03/25/37(l)		282,622
	4,901,881	JPMorgan Alternative Loan Trust, Series 2007-A1, Class 1A3A, 0.59%, 03/25/37(l)		4,596,765
	5,376,069	JPMorgan Mortgage Trust, Series 2007-A5, Class 2A1, 1.24%, 10/25/37(l)		4,196,470
	572,932	JPMorgan Mortgage Trust, Series 2007-S2, Class 2A3, 5.50%, 06/25/37		555,143
	5,039,243	JPMorgan Resecuritization Trust, Series 2015-3, Class 2A1, 4.30%, 05/25/25(i)(l)		4,931,806
	5,693,006	Lehman XS Trust, Series 2007-20N, Class A1, 1.58%, 12/25/37(l)		4,064,885
	3,959,716	LSTAR Securities Investment Trust, Series 2014-1, 3.53%, 09/01/21(i)(l)		3,922,594
	4,123,173	LSTAR Securities Investment Trust, Series 2015-2, Class A, 2.44%, 01/01/20(i)(l)		4,068,185
	19,869,814	LSTAR Securities Investment Trust, Series 2016-2, Class A, 2.43%, 03/01/21(i)(l)		19,186,293
	7,173,993	Mastr Resecuritization Trust, Series 2008-3, Class A1, 0.87%, 08/25/37(i)(l)		4,932,551
	3,617,938	Merrill Lynch Mortgage Investors Trust, Series 2006-A3, Class 3A1, 2.91%, 05/25/36(l)		2,899,881
	1,286,702	Merrill Lynch Mortgage Investors, Inc., Series 2006-AF2, Class AF1, 6.25%, 10/25/36		1,068,287
	11,738,428	Morgan Stanley Re-REMIC Trust, Series 2010-R5, Class 7B, 0.77%, 05/26/37(i)(l)		8,623,075
	11,761,633	Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2006-AF1, Class 1A2, 6.16%, 05/25/36(l)		5,167,363
	6,492,341	Prime Mortgage Trust, Series 2006-DR1, Class 2A1, 5.50%, 05/25/35(i)		5,877,439
	2,852,522	Prime Mortgage Trust, Series 2006-DR1, Class 2A2, 6.00%, 05/25/35(i)		2,620,030

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	1,695,671	Residential Accredit Loans, Inc., Series 2006-QS15, Class A1, 6.50%, 10/25/36	$	1,427,294
	2,120,447	Residential Funding Mortgage Securities I, Series 2005-SA5, Class 2A, 3.32%, 11/25/35(l)		1,955,210
	292,013	Residential Funding Mortgage Securities I, Series 2006-S11, Class A2, 6.00%, 11/25/36		271,824
	7,064,772	Residential Funding Mortgage Securities I, Series 2006-SA2, Class 2A1, 3.75%, 08/25/36(l)		6,043,827
	3,704,253	Structured Adjustable Rate Mortgage Loan Trust, Series 2005-11, Class 1A1, 2.61%, 05/25/35(l)		3,064,387
	3,930,349	Structured Adjustable Rate Mortgage Loan Trust, Series 2006-9, Class 1A1, 2.78%, 10/25/36(l)		2,867,939
	6,297,601	Structured Adjustable Rate Mortgage Loan Trust, Series 2006-9, Class 3A1, 5.98%, 10/25/36(l)		4,176,894
	3,848,522	Structured Asset Mortgage Investments II Trust, Series 2007-AR4, Class GA4B, 0.61%, 09/25/47(l)		3,058,375
	5,245,293	Structured Asset Mortgage Investments, Inc., Series 2006-AR5, Class 4A1, 0.65%, 05/25/46(l)		2,796,768
	5,981,124	Structured Asset Securities Corp, Series 2005-RF3, Class 1A, 0.78%, 06/25/35(i)(l)		4,769,146
	714,394	Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-1, Class 2A1, 2.87%, 02/25/37(l)		621,242
	2,911,052	Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-2, Class 3A3, 3.01%, 04/25/37(l)		2,454,847
	1,081,177	Suntrust Adjustable Rate Mortgage Loan Trust, Series 2007-2, Class 4A1, 3.11%, 04/25/37(l)		844,218
	4,234,615	Thornburg Mortgage Securities Trust, Series 2007-3, Class 4A1, 5.75%, 06/25/47(l)		3,709,745
	191,891	WaMu Mortgage Pass-Through Certificates Trust, Series 2005-AR16, Class 1A1, 2.57%, 12/25/35(l)		178,582
	3,589,815	WaMu Mortgage Pass-Through Certificates Trust, Series 2006-AR13, Class 2A, 2.17%, 10/25/46(l)		3,328,007
	8,445,145	WaMu Mortgage Pass-Through Certificates Trust, Series 2006-AR19, Class 2A, 1.92%, 01/25/47(l)		7,184,261

Principal Amount			Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
$	5,859,576	WaMu Mortgage Pass-Through Certificates Trust, Series 2006-AR3, Class A1A, 1.35%, 02/25/46(l)	$	5,288,928
	2,308,072	WaMu Mortgage Pass-Through Certificates Trust, Series 2007-HY7, Class 2A2, 2.24%, 07/25/37(l)		1,855,168
	5,026,372	WaMu Mortgage Pass-Through Certificates Trust, Series 2007-OA4, Class 1A, 1.15%, 05/25/47(l)		4,153,492
	2,160,864	Washington Mutual Alternative Mortgage Pass-Through Certificates, Series 2005-10, Class 2A6, 5.50%, 11/25/35		1,852,483
	5,463,247	Washington Mutual Alternative Mortgage Pass-Through Certificates, Series 2006-5, Class 3A3, STEP, 6.22%, 07/25/36		2,511,028
	2,493,370	Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR6, Class 2A, 1.34%, 08/25/46(l)		1,583,024
	449,098	Wells Fargo Mortgage Backed Securities Trust, Series 2006-AR10, Class 3A1, 2.80%, 07/25/36(l)		440,640
	1,020,443	Wells Fargo Mortgage Backed Securities Trust, Series 2006-AR8, Class 2A3, 2.77%, 04/25/36(l)		991,293
				524,531,397
COMMERCIAL MORTGAGE-BACKED SECURITIES — 0.9%
	10,594,482	Bayview Commercial Asset Trust, Series 2007-4A, Class A1, 0.89%, 09/25/37(i)(l)		8,895,154
	3,000,000	Carefree Portfolio Trust, Series 2014-CARE, Class E, 4.43%, 11/15/19(i)(l)		2,968,172
	1,500,000	Carefree Portfolio Trust, Series 2014-CMZA, Class MZA, 6.41%, 11/15/19(i)(l)		1,494,705
	7,000,000	CDGJ Commercial Mortgage Trust, Series 2014-BXCH, Class EPA, 4.68%, 12/15/27(i)(l)		6,961,422
	1,500,000	CFCRE Commercial Mortgage Trust, Series 2016-C3, Class D, 3.05%, 01/10/48(i)(l)		989,700
	3,000,000	Citigroup Commercial Mortgage Trust, Series 2015-P1, Class D, 3.23%, 09/15/48(i)		2,193,305
	1,000,000	Commercial Mortgage Pass-Through Certificates, Series 2013-LC6, Class D, 4.43%, 01/10/23(i)(l)		913,123

Principal Amount			Value
COMMERCIAL MORTGAGE-BACKED SECURITIES (continued)
$	2,000,000	Commercial Mortgage Trust, Series 2014-PAT, Class E, 3.59%, 08/15/27(i)(l)	$	2,000,840
	4,482,000	Commercial Mortgage Trust, Series 2014-PAT, Class F, 2.88%, 08/15/27(i)(l)		4,443,051
	2,000,000	Commercial Mortgage Trust, Series 2015-CR25, Class D, 3.95%, 08/10/48(l)		1,499,714
	15,000,000	GAHR Commercial Mortgage Trust, Series 2015-NRF, Class FFX, 3.49%, 12/15/34(i)(l)		13,807,656
	10,000,000	GAHR Commercial Mortgage Trust, Series 2015-NRF, Class GFX, 3.49%, 12/15/34(i)(l)		9,168,454
	3,000,000	GS Mortgage Securities Trust, Series 2014-GSFL, Class D, 4.33%, 07/15/31(i)(l)		2,884,302
	1,000,000	GS Mortgage Securities Trust, Series 2014-GSFL, Class E, 6.38%, 07/31/31(i)(l)		990,970
	1,030,000	JPMorgan Chase Commercial Mortgage Securities Trust, Series 2007-CB20, Class AJ, 6.28%, 02/12/51(l)		1,018,877
	3,750,000	Velocity Commercial Capital Loan Trust, Series 2016-1, Class M5, 7.78%, 04/25/46(i)(l)		3,579,195
	1,003,300	Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class AJ, 6.15%, 02/15/51(l)		990,429
	2,000,000	Wells Fargo Commercial Mortgage Trust, Series 2015-NXS3, Class D, 3.15%, 09/15/57(i)		1,300,765
				66,099,834
Total Non-Agency Mortgage-Backed Securities (Cost $570,084,332)				590,631,231
U.S. GOVERNMENT AGENCIES — 51.7%
Federal Home Loan Bank — 51.7%
	24,020,000	0.20%, 05/02/16(o)		24,019,600
	50,000,000	0.22%, 05/03/16(o)		49,999,650
	7,000,000	0.36%, 05/03/16(o)		6,999,951
	5,000,000	0.25%, 05/03/16(o)		4,999,965
	500,000	0.26%, 05/03/16(o)		499,997
	96,400,000	0.28%, 05/04/16(o)		96,398,650
	92,990,000	0.25%, 05/04/16(o)		92,988,698
	15,000,000	0.35%, 05/04/16(o)		14,999,790
	7,500,000	0.26%, 05/04/16(o)		7,499,895
	1,100,000	0.32%, 05/04/16(o)		1,099,985
	42,500,000	0.29%, 05/05/16(o)		42,499,108

Principal Amount			Value
Federal Home Loan Bank (continued)
$	15,000,000	0.34%, 05/05/16(o)	$	14,999,685
	12,700,000	0.22%, 05/05/16(o)		12,699,730
	71,000,000	0.32%, 05/06/16(o)		70,998,012
	35,500,000	0.35%, 05/06/16(o)		35,499,006
	35,000,000	0.31%, 05/06/16(o)		34,999,020
	6,000,000	0.34%, 05/06/16(o)		5,999,832
	4,000,000	0.25%, 05/06/16(o)		3,999,888
	83,800,000	0.32%, 05/09/16(o)		83,795,894
	71,000,000	0.29%, 05/09/16(o)		70,996,521
	42,400,000	0.34%, 05/09/16(o)		42,397,922
	34,050,000	0.23%, 05/09/16(o)		34,048,332
	29,700,000	0.29%, 05/09/16(o)		29,698,545
	95,700,000	0.25%, 05/10/16(o)		95,694,641
	63,500,000	0.34%, 05/10/16(o)		63,496,444
	55,000,000	0.30%, 05/10/16(o)		54,996,920
	30,000,000	0.30%, 05/10/16(o)		29,998,320
	78,900,000	0.25%, 05/11/16(o)		78,895,029
	45,000,000	0.32%, 05/11/16(o)		44,997,165
	1,000,000	0.26%, 05/11/16(o)		999,937
	45,000,000	0.33%, 05/12/16(o)		44,996,895
	40,000,000	0.34%, 05/12/16(o)		39,997,240
	25,000,000	0.30%, 05/16/16(o)		24,997,575
	9,670,000	0.23%, 05/16/16(o)		9,669,062
	19,800,000	0.33%, 05/17/16(o)		19,797,941
	270,400,000	0.31%, 05/18/16(o)		270,369,986
	4,700,000	0.27%, 05/18/16(o)		4,699,478
	59,300,000	0.27%, 05/19/16(o)		59,293,003
	100,000,000	0.20%, 05/20/16(o)		99,987,500
	74,000,000	0.26%, 05/20/16(o)		73,990,750
	33,900,000	0.25%, 05/20/16(o)		33,895,763
	23,250,000	0.33%, 05/20/16(o)		23,247,094
	171,000,000	0.26%, 05/23/16(o)		170,975,034
	44,000,000	0.27%, 05/23/16(o)		43,993,576
	28,100,000	0.27%, 05/23/16(o)		28,095,897
	72,500,000	0.27%, 05/24/16(o)		72,488,908
	16,000,000	0.24%, 05/24/16(o)		15,997,552
	11,000,000	0.28%, 05/24/16(o)		10,998,317
	74,000,000	0.28%, 05/25/16(o)		73,988,160
	60,000,000	0.20%, 05/25/16(o)		59,990,400
	91,000,000	0.28%, 05/26/16(o)		90,984,803
	18,500,000	0.25%, 06/02/16(o)		18,495,468
	80,000,000	0.30%, 06/03/16(o)		79,979,760
	1,800,000	0.27%, 06/03/16(o)		1,799,545
	50,000,000	0.25%, 06/06/16(o)		49,986,150
	32,300,000	0.29%, 06/06/16(o)		32,291,053
	140,000,000	0.30%, 06/08/16(o)		139,958,980
	100,000,000	0.29%, 06/08/16(o)		99,970,700
	20,000,000	0.30%, 06/10/16(o)		19,993,820
	57,825,000	0.29%, 06/13/16(o)		57,805,744

Principal Amount				Value
Federal Home Loan Bank (continued)
$	29,875,000		0.30%, 06/14/16(o)	$	29,865,828
	160,000,000		0.30%, 06/15/16(o)		159,944,320
	116,000,000		0.29%, 06/17/16(o)		115,957,776
	74,000,000		0.30%, 06/20/16(o)		73,971,288
	100,000,000		0.29%, 06/22/16(o)		99,959,600
	64,400,000		0.28%, 06/22/16(o)		64,373,982
	7,100,000		0.28%, 06/24/16(o)		7,097,018
	930,000		0.29%, 07/07/16(o)		929,454
	112,000,000		0.32%, 07/15/16(o)		111,926,304
Total U.S. Government Agencies (Cost $3,587,950,384)					3,587,977,856

Shares
CASH SWEEP — 2.9%
UNITED STATES — 2.9%
	202,616,799		Citibank - US Dollars on Deposit in Custody Account, 0.02%(p)		202,616,799
Total Cash Sweep (Cost $202,616,799)					202,616,799
TOTAL INVESTMENTS — 99.7% (Cost $6,926,035,762)(a)					6,914,310,736
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.3%					22,169,071
NET ASSETS — 100.0%				$	6,936,479,807

Shares
SECURITIES SOLD SHORT — (0.6)%
	(49,000	)	Continental Resources, Inc.		(1,825,740	)
	(50,000	)	CurrencyShares Japanese Yen Trust		(4,546,500	)
	(60,000	)	Freeport-McMoRan Copper & Gold, Inc.		(840,000	)
	(63,000	)	Murphy Oil Corp.		(2,251,620	)
	(15,000	)	Schlumberger Ltd.		(1,205,100	)
	(230,000	)	Southwestern Energy Co.		(3,088,900	)
	(602,000	)	Utilities Select Sector SPDR Fund		(29,148,840	)
Total Securities Sold Short (Proceeds received $(38,639,227))				$	(42,906,700	)

Contracts				Value
CALL OPTIONS WRITTEN — 0.0%
	(500	)	Citigroup, Inc., Strike $52.50, Expires 06/17/16	$	(8,500	)
	(500	)	Gilead Sciences, Inc., Strike $110.00, Expires 05/20/16		(1,500	)
	(150	)	London Metal Exchange Nickel Futures, Strike $11,500.00, Expires 12/07/16		(293,940	)
Total Call Options Written (Premiums received $(734,101))					(303,940	)
PUT OPTIONS WRITTEN — (0.1)%
	(1,200	)	Singapore Exchange Iron Ore Futures, Strike $38.00, Expires 05/31/16.		0
	(1,200	)	Singapore Exchange Iron Ore Futures, Strike $38.00, Expires 06/30/16.		(1,200	)
	(100	)	London Metal Exchange Copper Futures, Strike $4,000.00, Expires 06/01/16		(3,000	)
	(1,575	)	S&P 500 Index, Strike $2,000, Expires 06/30/16		(5,040,000	)
Total Put Options Written (Premiums received $(4,178,988))					(5,044,200	)

Contracts/ Notional Amount ($)			Value
STRUCTURED OPTIONS — 0.0%
	41,470	Apple, Inc., One purchased call strike 120.57, One written call strike 156.74, One written put strike 120.57 with a barrier level strike of 102.48, Expires 01/20/17, Broker Bank of America N.A.		(1,040,175	)
	1,166,559	ConocoPhillips, One purchased call strike 46.29, One written call strike 48.6045, One purchased put strike 46.29 with a barrier level strike of 34.7175 (216,029 contracts), One written put strike 46.29 with a barrier level strike of 34.7175 (216,029 contracts), Expires 11/18/16, Broker JPMorgan Chase Bank N.A.(q)		1,028,211
	174,624	ConocoPhillips, One purchased call strike 58.4113, One written call strike 64.7106, One written put strike 57.266 with a barrier level strike of 37.2229, Expires 08/18/16, Broker JPMorgan Chase Bank N.A.		(1,743,740	)

Contracts/ Notional Amount ($)			Value
	11,809	DAXK Index, One purchased call strike 4,488.00, One written call strike 4,667.52, One written put strike 3,814.80 (4,456 contracts), Expires 03/16/17, Broker UBS AG(q)	$	973,811
	3,007	DAXK Index, One purchased call strike 4,988.05, One written put strike 4,988.05 with a barrier level strike of 4,401.95, Expires 06/16/16, Broker JPMorgan Chase Bank N.A.		80,880
	6,398	DAXK Index, One purchased call strike 5,079.97, One written call strike 5,333.9685, One purchased put strike 4,978.3706 (1,969 contracts), One purchased put strike 4,978.3706 with a barrier level strike of 4,622.7727 (1,969 contracts), One written put strike 5,079.97 with a barrier level strike of 4,622.7727 (3,937 contracts), Expires 09/15/16, Broker Goldman Sachs International(q)		77,844
	3,904	DAXK Index, One purchased call strike 5,122.64, One written put strike 5,122.64 with a barrier level strike of 4,564.27, Expires 11/17/16, Broker JPMorgan Chase Bank N.A.		(468,540	)
	1,864	DAXK Index, One purchased call strike 5,417.135, One purchased put strike 5,256.23, One written put strike 5,363.50 with a barrier level strike of 4,398.07 (3,729 contracts), Expires 09/15/16, Broker JPMorgan Chase Bank N.A.(q)		(1,002,220	)
	4,762	DAXK Index, One purchased call strike 5,670.00, One written call strike 5,953.50, One purchased put strike 5,556.60 (1,764 contracts), One purchased put strike 5,556.60 with a barrier level strike of 5,159.70 (1,764 contracts), One written put strike 5,670.00 with a barrier level strike of 5,159.70 (3,527 contracts), Expires 08/18/16, Broker Goldman Sachs International(q)		(1,045,661	)

Contracts/ Notional Amount ($)			Value
	5,313	DAXK Index, One purchased call strike 5,702.50, One written call strike 5,987.625, One purchased put strike 5,588.45 (1,754 contracts), One purchased put strike 5,588.45 with a barrier level strike of 5,189.275 (1,754 contracts), One written put strike 5,702.50 with a barrier level strike of 5,189.275 (3,507 contracts), Expires 07/14/16, Broker Goldman Sachs International(q)	$	(1,115,232	)
	5,891	DAXK Index, One purchased call strike 5,813.84, One written call strike 6,104.532, One purchased put strike 5,697.5632 (1,720 contracts), One purchased put strike 5,697.5632 with a barrier level strike of 5,290.59 (1,720 contracts), One written put strike 5,813.84 with a barrier level strike of 5,290.59 (3,440 contracts), Expires 06/16/16, Broker JPMorgan Chase Bank N.A.(q)		(1,474,729	)
	7,106	DAXK Index, One purchased call strike 5,889.604, One written call strike 6,184.0842, One purchased put strike 5,771.812 (2,547 contracts), One purchased put strike 5,771.812 with a barrier level strike of 5,359.54 (2,547 contracts), One written put strike 5,889.604 with a barrier level strike of 5,359.54 (5,094 contracts), Expires 07/29/16, Broker Citibank N.A.(q)		(2,202,864	)
	5,160	DAXK Index, One purchased call strike 6,163.15, One written call strike 6,471.31, One purchased put strike 6,039.89 with a barrier level strike of 5,608.47 (1,623 contracts), One written put strike 6,163.15 with a barrier level strike of 5,608.47 (3,245 contracts), Expires 05/19/16, Broker Credit Suisse International(q)		(2,224,370	)

Contracts/ Notional Amount ($)			Value
	1,186,441	Energy Select Sector SPDR Fund, One purchased call strike 59.00, One written call strike 61.36, One written put strike 53.10 (338,983 contracts), Expires 12/30/16, Broker Credit Suisse International(q)	$	1,493,109
	1,064,506	Energy Select Sector SPDR Fund, One purchased call strike 62.94, One written call strike 65.4576, One written put strike 56.646 ( 317,763 contracts), Expires 01/20/17, Broker Goldman Sachs International(q)		962,737
	28,360,127	EUR/USD foreign exchange rate, One purchased put strike 1.08, One written put strike 1.02, One written call strike 1.09 with a barrier level strike of 1.15 ($10,000,000 notional amount), Expires 03/01/17, Broker Goldman Sachs International(r)		(499,425	)
	57,600,000	EUR/USD foreign exchange rate, One purchased put strike 1.085, One written put strike 1.03, One written call strike 1.085 with a barrier level strike of 1.13 ($20,000,000 notional amount), Expires 07/29/16, Broker JPMorgan Chase Bank N.A.(r)		(653,310	)
	58,000,000	EUR/USD foreign exchange rate, One purchased put strike 1.11, One written put strike 1.04, One written call strike 1.1196 with a barrier level strike of 1.17 ($25,000,000 notional amount), Expires 02/06/17, Broker Bank of America N.A.(r)		(596,824	)
	10,000,000	Euro STOXX 50 Index, One purchased call strike 2,595.70, Expires 01/19/18, Broker Citibank N.A.		1,953,220
	5,505	Euro STOXX 50 Index, One purchased call strike 2,725,10, Expires 12/21/18, One written put strike 2,725.10 with a barrier level strike of 2,125.58, Expires 12/16/16, Broker Goldman Sachs International		2,022,474

Contracts/ Notional Amount ($)			Value
	7,875,000	Euro STOXX 50 Index, One purchased call strike 2,797.2047, Expires 12/21/18, One written put strike 2,797.2047 with a barrier level strike of 2,041.959 ($7,500,000 notional amount), Expires 12/16/16, Broker JPMorgan Chase Bank N.A.(r)	$	947,306
	5,339	Euro STOXX 50 Index, One purchased call strike 2,810.00, Expires 06/15/18, Broker Goldman Sachs International		1,951,929
	20,727	Euro STOXX 50 Index, One purchased call strike 2,894.72, One written call strike 3,010.51, One written put strike 2,405.51 (10,364 contracts), One purchased put strike 2,894.72 with a barrier level strike of 2,605.25 (10,364 contracts), Expires 02/16/17, Broker Credit Suisse International(q)		821,749
	20,638	Euro STOXX 50 Index, One purchased call strike 2,907.21, One written call strike 3,023.50, One written put strike 2,442.06 (10,319 contracts), One purchased put strike 2,907.21 with a barrier level strike of 2,616.49 (10,319 contracts), Expires 02/16/17, Broker Credit Suisse International(q)		773,389
	10,194	Euro STOXX 50 Index, One purchased call strike 2,943.00, One written call strike 3,060.72, One purchased put strike 2,943.00 with a barrier level strike of 2,678.13 (5,097 contracts), One written put strike 2,462.9967 (5,097 contracts), Expires 02/16/17, Broker JPMorgan Chase Bank N.A.(q)		331,830
	10,073	Euro STOXX 50 Index, One purchased call strike 2,978.40, One written call strike 3,097.54, One written put strike 2,431.86 (5,036 contracts), Expires 01/19/17, Broker Citibank N.A.(q)		236,850

Contracts/ Notional Amount ($)			Value
	11,500	Euro STOXX 50 Index, One purchased call strike 3,004.34, One written call strike 3,154.557, One purchased put strike 2,944.2532 (3,329 contracts), One purchased put strike 2,944.2532 with a barrier level strike of 2,613.776 (3,329 contracts), One written put strike 3,004.34 with a barrier level strike of 2,613.776 (6,657 contracts), Expires 12/15/16, Broker JPMorgan Chase Bank N.A.(q)	$	422,955
	13,263	Euro STOXX 50 Index, One purchased call strike 3,016.00, One written call strike 3,136.64, One written put strike 2,563.30 (6,631 contracts), One purchased put strike 3,016.00 with a barrier level strike of 2,714.40 (6,631 contracts), Expires 01/19/17, Broker UBS AG(q)		292,206
	3,291	Euro STOXX 50 Index, One purchased call strike 3,038.00, One written put strike 3,038.00 with a barrier level strike of 2,645.4904, Expires 07/14/16, Broker BNP Paribas SA		(3,756	)
	16,575	Euro STOXX 50 Index, One purchased call strike 3,046.6852, One written put strike 3,016.52 with a barrier level strike of 2,775.1984, Expires 05/02/16, Broker BNP Paribas SA		1,555,418
	14,621	Euro STOXX 50 Index, One purchased call strike 3,077.68, One written call strike 3,200.7872, One purchased put strike 3,016.1264 (4,874 contracts), One written put strike 3,077.68 with a barrier level strike of 2,152.5294 (9,748 contracts), Expires 12/16/16, Broker BNP Paribas SA(q)		377,276

Contracts/ Notional Amount ($)			Value
	9,735	Euro STOXX 50 Index, One purchased call strike 3,081.75, One written call strike 3,205.02, One purchased put strike 3,050.9325 (3,245 contracts), One written put strike 3,081.75 with a barrier level strike of 2,223.1745 (6,490 contracts), Expires 12/30/16, Broker BNP Paribas SA(q)	$	184,674
	27,951	Euro STOXX 50 Index, One purchased call strike 3,087.54, One written call strike 3,241.92, One written put strike 3,087.54 with a barrier level strike of 2,778.79 (6,478 contracts), Expires 12/15/16, Broker Credit Suisse International(q)		187,327
	14,376	Euro STOXX 50 Index, One purchased call strike 3,130.25, One written call strike 3,255.46, One purchased put strike 3,067.645 (4,792 contracts), One written put strike 3,130.25 with a barrier level strike of 2,213.3998 (9,584 contracts), Expires 12/30/16, Broker BNP Paribas SA(q)		179,823
	4,750	Euro STOXX 50 Index, One purchased call strike 3,158.20, One written put strike 3,158.20 with a barrier level strike of 2,662.36, Expires 10/20/16, Broker Credit Suisse International		(436,494	)
	24,624	Euro STOXX 50 Index, One purchased call strike 3,163.15, One written call strike 3,289.676, One purchased put strike 3,099.887 (4,742 contracts), One written put strike 3,163.15 with a barrier level strike of 2,246.47 (9,484 contracts), Expires 01/19/17, Broker BNP Paribas SA(q)		5,533,952
	14,226	Euro STOXX 50 Index, One purchased call strike 3,163.15, One written call strike 3,289.676, One purchased put strike 3,099.887 (4,742 contracts), One written put strike 3,163.15 with a barrier level strike of 2,246.47 (9,484 contracts), Expires 01/19/17, Broker BNP Paribas SA(q)		24,057

Contracts/ Notional Amount ($)			Value
	18,695	Euro STOXX 50 Index, One purchased call strike 3,209.44, One written call strike 3,337.8176, One purchased put strike 3,145.2512 (6,232 contracts), One written put strike 3,209.44 with a barrier level strike of 2,281.9118 (12,463 contracts), Expires 12/30/16, Broker BNP Paribas SA(q)	$	(277,849	)
	9,439	Euro STOXX 50 Index, One purchased call strike 3,231.34, One written call strike 3,392.907, One purchased put strike 3,134.3998 (3,095 contracts), One written put strike 3,231.34 with a barrier level strike of 2,423.505 (6,189 contracts), Expires 09/15/16, Broker Goldman Sachs International(q)		(57,718	)
	3,822	Euro STOXX 50 Index, One purchased call strike 3,270.22, One written put strike 3,270.22 with a barrier level strike of 2,812.39, Expires 09/20/16, Broker JPMorgan Chase Bank N.A.		(730,824	)
	4,603	Euro STOXX 50 Index, One purchased call strike 3,291.33, One written put strike 3,258.74 with a barrier level strike of 2,792.74, Expires 05/19/16, Broker Credit Suisse International		(230,538	)
	2,981	Euro STOXX 50 Index, One purchased call strike 3,354.40, One purchased put strike 3,220.224, One written put strike 3,354.40 with a barrier level strike of 2,636.56 (5,962 contracts), Expires 08/31/16, Broker JPMorgan Chase Bank N.A.(q)		(648,770	)
	2,972	Euro STOXX 50 Index, One purchased call strike 3,365.20, One purchased put strike 3,264.24, One written put strike 3,365.20 with a barrier level strike of 2,648.41 (5,943 contracts), Expires 07/14/16, Broker BNP Paribas SA(q)		(373,711	)
	5,973	Euro STOXX 50 Index, One purchased call strike 3,381.90, One written put strike 3,348.42 with a barrier level strike of 2,996.83, Expires 05/19/16, Broker Credit Suisse International		562,737

Contracts/ Notional Amount ($)			Value
	24,018	Euro STOXX 50 Index, One purchased call strike 3,394.61, One written call strike 3,529.05, One written put strike 3,361.00 with a barrier level strike of 2,688.80 (5,951 contracts) Expires 02/16/17, Broker JPMorgan Chase Bank N.A.(q)	$	(1,214,841	)
	5,823	Euro STOXX 50 Index, One purchased call strike 3,434.45, One written call strike 2,284.733 on S&P 500 Index (9,629 contracts), One written put strike 2,077.03 on S&P 500 Index with a barrier level strike of 1,729.13 (9,629 contracts) Expires 11/17/16, Broker JPMorgan Chase Bank N.A.(q)		(542,580	)
	2,896	Euro STOXX 50 Index, One purchased call strike 3,452.50, One purchased put strike 3,383.45, One written put strike 3,452.50 with a barrier level strike of 2,744.74 (5,793 contracts), Expires 06/30/16, Broker BNP Paribas SA(q)		(1,581,934	)
	2,872	Euro STOXX 50 Index, One purchased call strike 3,482.44, One purchased put strike 3,343.15, One written put strike 3,482.44 with a barrier level strike of 2,761.58 (5,743 contracts), Expires 09/15/16, Broker Credit Suisse International(q)		(1,521,733	)
	9,617	Euro STOXX 50 Index, One purchased call strike 3,483.42, One written call strike 3,657.59, One purchased put strike 3,413.75 with a barrier level strike of 3,169.91 (2,871 contracts), One written put strike 3,483.42 with a barrier level strike of 3,169.91 (5,741 contracts), Expires 07/14/16, Broker Credit Suisse International(q)		(1,168,926	)
	2,876	Euro STOXX 50 Index, One purchased call strike 3,511.265, One written put strike 3,476.50 with a barrier level strike of 3,099.29975, Expires 06/16/16, Broker BNP Paribas SA		0

Contracts/ Notional Amount ($)			Value
	2,842	Euro STOXX 50 Index, One purchased call strike 3,519.00, One purchased put strike 3,413.43, One written put strike 3,519.00 with a barrier level strike of 2,801.48 (5,683 contracts), Expires 09/15/16, Broker BNP Paribas SA(q)	$	(1,820,582	)
	20,458	Euro STOXX 50 Index, One purchased call strike 3,773.59, One written call strike 3,962.27, One purchased put strike 3,698.12 with a barrier level strike of 3,433.97 (5,300 contracts), One written put strike 3,773.59 with a barrier level strike of 3,433.97 (10,600 contracts), Expires 05/19/16, Broker Credit Suisse International(q)		(4,514,200	)
	127,111	Euro STOXX Banks Index, One purchased call strike 118.01, One written put strike 118.01 with a barrier level strike of 96.18, Expires 10/20/16, Broker Bank of America N.A.		627,852
	330,472	Euro STOXX Banks Index, One purchased call strike 131.63, One written call strike 138.2115, One purchased put strike 128.9974 (75,971 contracts), One purchased put strike 128.9974 with a barrier level strike of 114.518 (75,971 contracts), One written put strike 131.63 with a barrier level strike of 114.518 (151,941 contracts), Expires 11/17/16, Broker JPMorgan Chase Bank N.A.(q)		(1,532,832	)
	110,862	Euro STOXX Banks Index, One purchased call strike 135.3032, One written put strike 135.3032 with a barrier level strike of 112.1528, Expires 10/20/16, Broker BNP Paribas SA		(2,896,767	)

Contracts/ Notional Amount ($)			Value
	410,016	Euro STOXX Banks Index, One purchased call strike 137.19, One written call strike 144.0495, One purchased put strike 134.4462 (109,338 contracts), One purchased put strike 134.4462 with a barrier level strike of 119.355 (109,338 contracts), One written put strike 137.19 with a barrier level strike of 119.355 (218,675 contracts), Expires 01/19/17, Broker Bank of America N.A.(q)	$	(3,007,344	)
	145,391	Euro STOXX Banks Index, One purchased call strike 137.56, One written put strike 137.56 with a barrier level strike of 114.863, Expires 02/16/17, Broker Bank of America N.A.		(4,195,650	)
	328,530	Euro STOXX Banks Index, One purchased call strike 144.888, One written call strike 152.132, One purchased put strike 141.99 (69,019 contracts), One purchased put strike 141.99 with a barrier level strike of 131.848 (69,019 contracts), One written put strike 144.888 with a barrier level strike of 131.848 (138,038 contracts), Expires 09/29/16, Broker Bank of America N.A.(q)		(2,798,044	)
	1,681	FTSE 100 Index, One purchased call strike 5,950.01, One purchased put strike 5,831.01, One written put strike 5,950.01 with a barrier level strike of 5,051.56 (3,361 contracts), Expires 12/15/16, Broker Credit Suisse International(q)		501,514
	3,267	FTSE 100 Index, One purchased call strike 6,122.48, One written put strike 6,122.48 with a barrier level strike of 4,916.35, Expires 11/17/16, Broker Credit Suisse International		482,417
	3,204	FTSE 100 Index, One purchased call strike 6,242.32, One written put strike 6,242.32 with a barrier level strike of 5,137.43, Expires 10/20/16, Broker Credit Suisse International		176,868

Contracts/ Notional Amount ($)			Value
	1,758	FTSE 100 Index, One purchased call strike 8,531.00, One purchased put strike 8,360.38, One written put strike 8,531.00 with a barrier level strike of 7,268.41 (3,517 contracts), Expires 02/28/17, Broker UBS AG(q)	$	1,096,315
	3,436	FTSE MIB Index, One purchased call strike 17,461.47, One written call strike 18,159.93, One written put strike 14,842.25 (1,145 contracts), Expires 02/16/17, Broker Credit Suisse International(q)		407,244
	113,148	GameStop Corp., One purchased call strike 44.19, One written put strike 44.19 with a barrier level strike of 28.06, Expires 07/15/16, Broker Bank of America N.A.		(423,785	)
	700	Hang Seng Index, One purchased call strike 22,400.00, One written call strike 23,600.00, Expires 09/29/16, Broker BNP Paribas SA		1,301,609
	398,359	HP, Inc., One purchased call strike 12.175, One written put strike 12.5515 with a barrier level strike of 10.9424, Expires 04/17/17, Broker JPMorgan Chase Bank N.A.		(124,115	)
	988	IBEX 35 Index, One purchased call strike 10,118.92, One written put strike 10,118.92 with a barrier level strike 8,778.1631, Expires 09/15/16, Broker Goldman Sachs International		(895,643	)
	3,195	IBEX 35 Index, One purchased call strike 10,202.31, One written call strike 10,610.40, One written put strike 9,284.10 (980 contracts), Expires 12/15/16, Broker Credit Suisse International(q)		(664,479	)

Contracts/ Notional Amount ($)			Value
	3,149	IBEX 35 Index, One purchased call strike 11,062.23, One written call strike 11,615.34, One purchased call strike 10,840.9854, One purchased put strike 10,840.9854 with a barrier level strike 9,865.30 (904 contracts), One written put strike 11,062.23 with a barrier level strike of 10,066.42 (1,808 contracts), Expires 07/14/16, Broker BNP Paribas SA(q)	$	(1,984,931	)
	3,280	IBEX 35 Index, One purchased call strike 11,585.31, One written call strike 12,164.58, One purchased put strike 11,353.60 with a barrier level strike of 10,542.63 (863 contracts), One written put strike 11,585.31 with a barrier level strike of 10,542.63 (1,726 contracts), Expires 05/20/16, Broker Citibank N.A.(q)		(2,424,279	)
	3,697	IBEX 35 Index, One purchased call strike 9,467.6932, One written call strike 9,846.4009, One purchased put strike 9,278.3393 (1,056 contracts), One written put strike 9,467.6932 with a barrier level strike 7,067.633 (2,112 contracts), Expires 01/19/17, Broker JPMorgan Chase Bank N.A.(q)		(159,648	)
	5,571	IBEX 35 Index, One purchased call strike 9,747.40, One written call strike 10,039.82, One purchased put strike 9,454.98 (1,026 contracts), One written put strike 9,747.40 with a barrier level strike of 7,310.55 (2,052 contracts), Expires 10/20/16, Broker Credit Suisse International(q)		(80,307	)
	4,079	IBEX 35 Index, One purchased call strike 9,863.96, One written call strike 10,258.5184, One purchased put strike 9,568.0412 (1,014 contracts), One written put strike 9,863.96 with a barrier level strike of 7,397.97 (2,028 contracts), Expires 10/31/16, Broker JPMorgan Chase Bank N.A.(q)		(199,581	)

Contracts/ Notional Amount ($)			Value
	10,558	IBEX 35 Index, One purchased call strike 9,944.62, One written call strike 10,342.4048, One purchased put strike 9,745.7276 (2,011 contracts), One purchased put strike 9,745.7276 with a barrier level strike 9,149.05 (2,011 contracts), One written put strike 9,944.62 with a barrier level level strike 9,149.05 (4,022 contracts), Expires 11/17/16, Broker JPMorgan Chase Bank N.A.(q)	$	(1,395,769	)
	2,468,966	iShares China Large-Cap ETF , One purchased call strike 36.25, One written call strike 37.3375, One written put strike 36.25 with a barrier level strike of 31.90 (275,862 contracts), Expires 10/20/16, Broker BNP Paribas SA(q)		(57,832	)
	2,308,841	iShares China Large-Cap ETF , One purchased call strike 37.508, One written call strike 38.6332, One written put strike 37.508 with a barrier level strike of 33.007 (266,610 contracts), Expires 11/18/16, Broker Goldman Sachs International(q)		(592,532	)
	2,114,686	iShares China Large-Cap ETF , One purchased call strike 38.54, One written call strike 39.6962, One written put strike 38.54 with a barrier level strike of 34.686 (259,471 contracts), Expires 12/15/16, Broker BNP Paribas SA(q)		(836,890	)
	252,067	iShares China Large-Cap ETF , One purchased call strike 39.672, One written put strike 39.672 with a barrier level strike of 30.726, Expires 08/18/16, Broker Goldman Sachs International		(1,642,594	)
	300,707	iShares China Large-Cap ETF, One purchased call strike 33.255, One purchased put strike 32.5899, One written put strike 33.255 with a barrier level strike of 25.4434 (601,413 contracts), Expires 02/17/17, Broker BNP Paribas SA(q)		232,127

Contracts/ Notional Amount ($)			Value
	1,673,390	iShares China Large-Cap ETF, One purchased call strike 33.465, One written call strike 34.8036, One written put strike 30.45315 (597,639 contracts), Expires 11/18/16, Broker BNP Paribas SA(q)	$	277,060
	1,315	iShares China Large-Cap ETF, One purchased call strike 33.65, One written call strike 35.00, One written put strike 29.95 (445,751 contracts), Expires 01/20/17, Broker Bank of America N.A.(q)		(71,474	)
	1,273,565	iShares China Large-Cap ETF, One purchased call strike 33.7635, One written call strike 35.114, One written put strike 30.7248 (444,267 contracts), Expires 12/16/16, Broker Goldman Sachs International(q)		(30,720	)
	2,052,499	iShares China Large-Cap ETF, One purchased call strike 35.81, One written call strike 37.24, One written put strike 35.81 with a barrier level strike of 32.23 (279,252 contracts), Expires 09/16/16, Broker Barclays Bank Plc(q)		(111,840	)
	303,575	iShares iBoxx $ High Yield Corporate Bond ETF, One purchased call strike 79.0579, with a barrier level strike of 90.5872, One purchased put strike 82.352 with a barrier level strike of 61.764, one written put strike 82.352 with a barrier level strike of 73.8697, Expires 04/13/17, Broker Goldman Sachs International		169,182
	241,721	iShares iBoxx $ High Yield Corporate Bond ETF, One purchased call strike 80.2578 with a barrier level strike of 89.3592, One purchased put strike 82.74 with a barrier level strike of 62.055, One written put strike 82.74 with a barrier level strike of 73.0181, Expires 05/19/17, Broker JPMorgan Chase Bank N.A.		(55,340	)

Contracts/ Notional Amount ($)			Value
	239,120	iShares iBoxx $ High Yield Corporate Bond ETF, One purchased call strike 81.9672 with a barrier level strike of 91.1676, One purchased put strike 83.64 with a barrier level strike of 62.73, One written put strike 83.64 with a barrier level strike of 74.9414, Expires 06/16/17, Broker JPMorgan Chase Bank N.A.	$	(238,740	)
	291,804	iShares iBoxx $ High Yield Corporate Bond ETF, One purchased call strike 83.10 with a barrier level strike of 94.24, One purchased put strike 85.67 with a barrier level strike of 64.26, One written put strike 85.67 with a barrier level strike of 77.11, Expires 12/16/16, Broker Bank of America N.A.		677,890
	244,763	iShares MSCI EAFE Index Fund, One purchased call strike 61.8966, One purchased call strike 61.8966 with a barrier level strike of 70.4764, One purchased put strike 60.671 with a barrier level strike of 52.0912, One written put strike 61.2838 with a barrier level strike of 51.4784, Expires 12/16/16, Broker Goldman Sachs International		(358,651	)
	243,273	iShares MSCI EAFE Index Fund, One purchased call strike 62.2756, One written call strike 62.2756 with a barrier level strike of 70.291, One purchased put strike 61.0424 with a barrier level strike of 49.327, One written put strike 61.659 with a barrier level strike of 53.952, Expires 01/20/17, Broker JPMorgan Chase Bank N.A.		(428,550	)
	547,346	iShares MSCI EAFE Index Fund, One purchased call strike 67.1677, One written call strike 69.8278, One purchased call strike 65.1727 (150,370 contracts), One written put strike 66.5027 with a barrier level strike of 52.9713 (300,740 contracts), Expires 05/19/16, Broker Citibank N.A.(q)		(1,411,697	)

Contracts/ Notional Amount ($)			Value
	300,404	iShares MSCI Emerging Markets ETF, One purchased call strike 33.2885, One written put strike 33.2885 with a barrier level strike of 27.463, Expires 11/17/16, Broker BNP Paribas SA	$	437,970
	295,805	iShares MSCI Emerging Markets ETF, One purchased call strike 33.806, One written put strike 33.806 with a barrier level strike of 27.2375, Expires 02/17/17, Broker BNP Paribas SA		199,836
	584,812	iShares MSCI Emerging Markets ETF, One purchased call strike 34.199, One written put strike 34.199 with a barrier level strike of 26.9728, Expires 01/20/17, Broker BNP Paribas SA		322,323
	1,939,640	iShares MSCI Emerging Markets ETF, One purchased call strike 34.5425, One written call strike 35.5788, One written put strike 34.5425 with a barrier level strike of 30.3974 (289,498 contracts), Expires 11/18/16, Broker BNP Paribas SA(q)		379,483
	1,719,346	iShares MSCI Emerging Markets ETF, One purchased call strike 34.897, One written call strike 36.2929, One purchased put strike 34.1991 (429,836 contracts), One written put strike 34.897 with a barrier level strike of 28.807 (859,673 contracts), Expires 01/20/17, Broker JPMorgan Chase Bank N.A.(q)		274,755
	1,883,875	iShares MSCI Emerging Markets ETF, One purchased call strike 35.565, One written call strike 36.632, One written put strike 35.565 with a barrier level strike of 31.6529 (281,175 contracts), Expires 12/16/16, Broker Goldman Sachs International(q)		35,043
	554,027	iShares MSCI South Korea Index Fund, One purchased call strike 58.2102, One written call strike 61.1207, One written put strike 58.2102 with a barrier level strike of 52.9713 (171,791 contracts), Expires 05/20/16, Broker Citibank N.A.(q)		(831,548	)

Contracts/ Notional Amount ($)			Value
	2,606,052	iShares MSCI Taiwan ETF, One purchased call strike 13.814, One written call strike 14.5047, One written put strike 13.814 with a barrier level strike of 12.4326 (723,903 contracts), Expires 08/18/16, Broker Goldman Sachs International(q)	$	(152,324	)
	810,365	Medtronic Plc, One purchased call strike 66.76, One written call strike 69.43, One written put strike 66.76 with a barrier level strike of 60.75 (149,790 contracts), Expires 11/18/16, Broker Credit Suisse International(q)		1,614,597
	176,484	MSCI Singapore Free Index, One purchased call strike 321.49, One written call strike 334.3496, One written put strike 302.2006 (84,040 contracts) Expires 08/31/16, Broker JPMorgan Chase Bank N.A.		(6,216	)
	283,760	MSCI Singapore Free Index, One purchased call strike 324.56, One purchased call strike 337.5424, One written put strike 305.0864, Expires 08/31/16, Broker JPMorgan Chase Bank N.A.(q)		47,993
	48,086	MSCI Singapore Free Index, One purchased call strike 311.9392, One written call strike 327.5361, One written put strike 311.9392 with a barrier level strike of 286.984, Expires 10/31/16, Broker BNP Paribas SA		606,377
	69,042	MSCI Singapore Free Index, One purchased call strike 333.13256, One written call strike 353.120514, One written put strike 333.13256 with a barrier level strike of 306.481955 (30,018 contracts), Expires 10/31/16, Broker BNP Paribas SA(q)		(349,995	)
	120,352	MSCI Singapore Free Index, One purchased call strike 340.2515, One written call strike 357.2641, One written put strike 340.2515 with a barrier level strike of 313.0314 (44,085 contracts), Expires 11/30/16, Broker BNP Paribas SA(q)		(730,224	)

Contracts/ Notional Amount ($)			Value
	36,309	MSCI Singapore Free Index, One purchased call strike 344.263, One written call strike 364.92, One written put strike 344.263 with a barrier level strike of 323.61, Expires 09/15/16, Broker BNP Paribas SA	$	(839,679	)
	84,313	MSCI Singapore Free Index, One purchased call strike 357.04, One written call strike 374.892, One written put strike 357.04 with a barrier level strike of 335.6176 (28,011 contracts), Expires 10/31/16, Broker BNP Paribas SA(q)		(1,030,003	)
	27,094	MSCI Singapore Free Index, One purchased call strike 369.0812, One written call strike 391.2261, One written put strike 369.0812 with a barrier level strike of 346.9363, Expires 09/30/16, Broker BNP Paribas SA		(1,379,818	)
	113,400	MSCI Singapore Free Index, One purchased call strike 373.52, One written call strike 399.67, One written put strike 373.52 with a barrier level strike of 339.90 (54,000 contracts), Expires 07/14/16, Broker UBS AG(q)		(1,938,972	)
	3,695	Nikkei 225 Index, One purchased call strike 16,237.99, One written Call strike 16,887.5096,One written put strike 14,029.6234 (1,848 contracts), One purchased put strike 16,237.99 with a barrier level strike of 14,614.191 (1,848 contracts), Expires 12/15/16, Broker Goldman Sachs International(q)		814,790
	22,427	OMX Stockholm 30 Index, One purchased call strike 1,359.9886, One written call strike 1,414.3881, One purchased put strike 1,359.9886 with a barrier level strike of 1,223.99 (11,030 contracts), One written put strike 1,251.1895 (11,030 contracts), Expires 05/19/16, Broker JPMorgan Chase Bank N.A.(q)		559,545

Contracts/
Notional
Amount ($)			Value
	7,371	OMX Stockholm 30 Index, One purchased call strike 1,363.383, One written put strike 1,234.506, Expires 05/31/16, Broker Goldman Sachs International	$	144,344
	11,000	OMX Stockholm 30 Index, One purchased call strike 1,377.2461, One written put strike 1,254.5212, One purchased put strike 1,363.61 with a barrier level strike of 1,234.749, Expires 05/31/16, Broker JPMorgan Chase Bank N.A.		303,480
	422,470	OMX Stockholm 30 Index, One purchased call strike 1,395.89, One written put strike 1,295.2463 Expires 05/19/16, Broker JPMorgan Chase Bank N.A.		1,588,523
	10,315	OMX Stockholm 30 Index, One purchased call strike 1,425.12, One purchased put strike 1,425.12, One written put strike 1,454.20 with a barrier level strike of 1,337.864, Expires 01/19/17, Broker BNP Paribas SA		49,493
	6,900	OMX Stockholm 30 Index, One purchased call strike 1,449.20, One written put strike 1,350.37, Expires 06/17/16, Broker Citibank N.A.		(241,700	)
	10,265	OMX Stockholm 30 Index, One purchased call strike 1,461.253, One written put strike 1,361.1572, Expires 05/19/16, Broker Goldman Sachs International		(293,941	)
	13,489	OMX Stockholm 30 Index, One purchased call strike 1,482.73, One written put strike 1,376.7148, Expires 05/19/16, Broker JPMorgan Chase Bank N.A.		(498,800	)
	36,409	OMX Stockholm 30 Index, One purchased call strike 1,557.3075, One written put strike 1,483.15 with a barrier level strike of 1,364.498 (13,485 contracts), Expires 05/19/16, Broker Goldman Sachs International(q)		(1,268,663	)

Contracts/
Notional
Amount ($)			Value
	816,327	PowerShares DB US Dollar Bullish ETF, One purchased put strike 24.50, One written put strike 81.81 on iShares iBoxx $ High Yield Corporate Bond ETF with a barrier level strike of 70.85 (244,469 contracts), Expires 12/30/16, Broker UBS AG(q)	$	320,099
	20,814	Russell 2000 Index, One purchased call strike 1,057.00, One written call strike 1,109.85, One purchased put strike 1,035.86 (9,461 contracts), One written put strike 1,057.00 with a barrier level strike of 724.05 (18,921 contracts), Expires 01/19/17, Broker UBS AG(q)		579,985
	36,000	Russell 2000 Index, One purchased call strike 1,111.1032, One written call strike 1,155.5473, One purchased put strike 1,111.1032 with a barrier level strike of 888.8826 (13,500 contracts), One written put strike 1,111.1032 with a barrier level strike of 795.5499 (13,500 contracts), Expires 12/30/16, Broker Goldman Sachs International(q)		472,137
	17,512	Russell 2000 Index, One purchased call strike 1,142.07, One written call strike 1,210.5942, One purchased put strike 1,119.2286 (8,756 contracts), One written put strike 1,142.07 with a barrier level strike of 788.83, Expires 02/16/17, Broker BNP Paribas SA(q)		306,262
	17,400	Russell 2000 Index, One purchased call strike 1,149.4305, One written call strike 1,218.3964, One purchased put strike 1,126.4419 (8,700 contracts), One written put strike 1,149.4305 with a barrier level strike of 837.705, Expires 11/17/16, Broker Goldman Sachs International(q)		294,311

Contracts/
Notional
Amount ($)			Value
	13,162	Russell 2000 Index, One purchased call strike 1,151.08, One written put strike 1,139.68 with a barrier level strike of 1,065.60, Expires 05/19/16, Broker Citibank N.A.	$	(34,320	)
	26,034	Russell 2000 Index, One purchased call strike 1,152.354, One written call strike 1,198.448, One purchased put strike 1,152.354 with a barrier level strike of 921.883 (8,678 contracts), One written put strike 1,152.354 with a barrier level strike of 830.847 (8,678 contracts), Expires 12/30/16, Broker BNP Paribas SA(q)		239,379
	25,828	Russell 2000 Index, One purchased call strike 1,161.5407, One written call strike 1,231.2331, One purchased put strike 1,138.3099 (12,914 contracts), One written put strike 1,161.5407 with a barrier level strike of 831.0823, Expires 01/19/17, Broker Goldman Sachs International(q)		230,889
	17,191	Russell 2000 Index, One purchased call strike 1,163.41, One written call strike 1,233.2146, One purchased put strike 1,140.1418 (8,595 contracts), One written put strike 1,163.41 with a barrier level strike of 944.69, Expires 01/19/17, Broker BNP Paribas SA(q)		109,911
	25,982	Russell 2000 Index, One purchased call strike 1,166.18, One written call strike 1,223.91, One purchased put strike 1,131.54 (12,991 contracts), One written put strike 1,154.63 with a barrier level strike of 789.77, Expires 12/15/16, Broker Credit Suisse International(q)		419,950

Contracts/
Notional
Amount ($)			Value
	16,916	Russell 2000 Index, One purchased call strike 1,182.32, One written call strike 1,253.2592, One purchased put strike 1,135.0272 (8,458 contracts), One written put strike 1,182.32 with a barrier level strike of 869.0052, Expires 08/31/16, Broker JPMorgan Chase Bank N.A.(q)	$	207,600
	16,583	Russell 2000 Index, One purchased call strike 1,206.02, One written call strike 1,278.3812, One purchased put strike 1,157.7792 (8,292 contracts), One written put strike 1,206.02 with a barrier level strike of 851.4501, Expires 10/20/16, Broker JPMorgan Chase Bank N.A.(q)		116,680
	16,511	Russell 2000 Index, One purchased call strike 1,211.3449, One written call strike 1,284.0256, One purchased put strike 1,162.8911 (8,255 contracts), One written put strike 1,211.3449 with a barrier level strike of 889.1272, Expires 09/15/16, Broker Goldman Sachs International(q)		37,284
	17,599	Russell 2000 Index, One purchased call strike 1,214.8418, One written call strike 1,287.7323, One purchased put strike 1,166.2482 (8,232 contracts), One written put strike 1,214.8418 with a barrier level strike of 886.8345 (16,463 contracts), Expires 09/15/16, Broker Goldman Sachs International(q)		31,400
	16,332	Russell 2000 Index, One purchased call strike 1,224.6129, One written call strike 1,298.0897, One purchased put strike 1,187.8745 (8,166 contracts), One written put strike 1,224.6129 with a barrier level strike of 892.1305, Expires 05/19/16, Broker Goldman Sachs International(q)		460,887

Contracts/
Notional
Amount ($)			Value
	16,167	Russell 2000 Index, One purchased call strike 1,237.07, One written call strike 1,311.2942, One purchased put strike 1,199.9579 (8,084 contracts), One written put strike 1,237.07 with a barrier level strike of 917.2874, Expires 06/16/16, Broker Goldman Sachs International(q)	$	416,355
	22,303	Russell 2000 Index, One purchased call strike 1,242.00, One written call strike 1,304.10, One purchased put strike 1,204.74 (8,052 contracts), One written put strike 1,242.00 with a barrier level strike of 931.50 (16,103 contracts), Expires 08/18/16, Broker Credit Suisse International(q)		51,313
	20,091	Russell 2000 Index, One purchased call strike 1,244.35, One written call strike 1,319.01, One purchased put strike 1,207.02 (10,045 contracts), One written put strike 1,244.35 with a barrier level strike of 905.89, Expires 06/16/16, Broker Credit Suisse International(q)		643,155
	20,054	Russell 2000 Index, One purchased call strike 1,246.4592, One written call strike 1,308.7822, One purchased put strike 1,209.0655 (8,023 contracts), One written put strike 1,246.4592 with a barrier level strike of 1,034.5612 (16,045 contracts), Expires 10/20/16, Broker Goldman Sachs International(q)		(313,332	)
	15,948	Russell 2000 Index, One purchased call strike 1,254.09, One written call strike 1,329.3354, One purchased put strike 1,216.4673 (7,974 contracts), One written put strike 1,254.09 with a barrier level strike of 908.5882, Expires 08/18/16, Broker Goldman Sachs International(q)		118,148

Contracts/
Notional
Amount ($)			Value
	19,907	Russell 2000 Index, One purchased call strike 1,255.83, One written call strike 1,331.18, One purchased put strike 1,230.71 (9,954 contracts), One written put strike 1,255.83 with a barrier level strike of 939.36, Expires 06/16/16, Broker Credit Suisse International(q)	$	741,899
	19,784	Russell 2000 Index, One purchased call strike 1,263.65, One written call strike 1,339.469, One purchased put strike 1,225.7405 (9,892 contracts), One written put strike 1,263.65 with a barrier level strike of 928.78, Expires 08/18/16, Broker BNP Paribas SA(q)		46,037
	19,772	Russell 2000 Index, One purchased call strike 1,264.44, One written call strike 1,340.3064, One purchased put strike 1,226.5068 (9,886 contracts), One written put strike 1,264.44 with a barrier level strike of 922.5354, Expires 09/15/16, Broker Goldman Sachs International(q)		(153,176	)
	15,930	S&P 500 Index, One purchased call strike 1,883.20, One written call strike 1,958.528, One purchased put strike 1,845.536 with a barrier level strike of 1,421.816 (5,310 contracts), One written put strike 1,883.20 with a barrier level strike of 1,421.816 (5,310 contracts), Expires 01/19/17, Broker BNP Paribas SA(q)		650,941
	15,784	S&P 500 Index, One purchased call strike 1,900.63, One written call strike 1,976.65, One written put strike 1,680.15 (7,892 contracts), One purchased put strike 1,900.63 with a barrier level strike of 1,615.53 (7,892 contracts), Expires 01/19/17, Broker Bank of America N.A.(q)		654,573
	5,209	S&P 500 Index, One purchased call strike 1,919.61, One written put strike 1,919.61 with a barrier level strike of 1,587.52, Expires 01/19/17, Broker Bank of America N.A.		761,635

Contracts/
Notional
Amount ($)			Value
	41,543	S&P 500 Index, One purchased call strike 1,925.71, One written call strike 2,002.7384, One written put strike 1,679.0265 (20,772 contracts), One purchased put strike 1,925.71 with a barrier level strike of 1,733.139 (20,772 contracts), Expires 03/16/17, Broker BNP Paribas SA(q)	$	1,463,233
	25,215	S&P 500 Index, One purchased call strike 1,982.94, One written call strike 2,062.2576, One purchased put strike 1,963.1106 (10,086 contracts), One written put strike 1,982.94 with a barrier level strike of 1,504.06 (20,172 contracts), Expires 03/16/17, Broker BNP Paribas SA(q)		578,894
	9,771	S&P 500 Index, One purchased call strike 2,046.857, One purchased put strike 2,046.857, One written put strike 2,046.857 with a barrier level strike of 1,883.1084, Expires 07/14/16, Broker BNP Paribas SA		485,786
	7,321	S&P 500 Index, One purchased call strike 2,069.42, One written put strike 2,048.93 with a barrier level strike of 1,762.08, Expires 05/06/16, Broker Bank of America N.A.		85,128
	9,510	S&P 500 Index, One purchased call strike 2,103.066, One written call strike 2,229.25, One purchased put strike 2,039.974 (4,755 contracts), One written put strike 2,103.066 with a barrier level strike of 1,680.35, Expires 06/16/16, Broker BNP Paribas SA(q)		251,379
	5,913	S&P 500 Index, One purchased call strike 2,113.89, One purchased put strike 2,050.47, One written put strike 2,113.89 with a barrier level strike of 1,682.66 (11,826 contracts), Expires 07/14/16, Broker Bank of America N.A.(q)		139,952

Contracts/
Notional
Amount ($)			Value
	4,692	S&P 500 Index, One purchased call strike 2,131.30, One purchased put strike 2,067.36, One written put strike 2,131.30 with a barrier level strike of 1,705.04 (9,384 contracts), Expires 06/16/16, Broker Bank of America N.A.(q)	$	120,817
	9,433	S&P 500 Index, One purchased call strike 2,141.40, One written put strike 5,672.08 on DAXK Index (3,023 contracts), Expires 06/16/16, Broker Bank of America N.A.(q)		(2,609,122	)
	7,042	S&P 500 Index, One purchased call strike 2,151.41, One purchased put strike 2,023.60, One written put strike 2,151.41 with a barrier level strike of 1,541.56 (14,084 contracts), Expires 01/19/17, Broker Bank of America N.A.(q)		(121,210	)
	51,201	S&P 500 Index, One purchased call strike 1,822.247, One written call strike 1,895.14, One written put strike 1,529.59 (21,951 contracts), Expires 03/16/17, Broker Credit Suisse International(q)		2,203,623
	15,990	S&P 500 Index, One purchased call strike 1,876.15, One written call strike 1,951.196, One written put strike 1,651.012 (7,995 contracts), Expires 02/16/17, Broker JPMorgan Chase Bank N.A.(q)		593,130
	10,598	S&P 500 Index, One purchased call strike 1,887.14, One written call strike 1,962.63, One purchased put strike 1,887.14 with a barrier level strike of 1,698.42 (5,299 contracts), One written put strike 1,715.41 (5,299 contracts), Expires 12/30/16, Broker Citibank N.A.(q)		448,080

Contracts/
Notional
Amount ($)			Value
	21,117	S&P 500 Index, One purchased call strike 1,894.225, One written call strike 1,969.994, One purchased put strike 1,894.225 with a barrier level strike of 1,704.80 (10,558 contracts), One written put strike 1,682.0718 (10,558 contracts), Expires 02/16/17, Broker JPMorgan Chase Bank N.A.(q)	$	828,180
	14,711	S&P 500 Index, One purchased call strike 1,903.32, One written call strike 1,979.45, One purchased put strike 1,865.25 (5,254 contracts), One written put strike 1,903.32 with a barrier level strike of 1,414.17 (10,508 contracts), Expires 01/19/17, Broker UBS AG(q)		604,892
	14,439	S&P 500 Index, One purchased call strike 1,904.63, One purchased put strike 1,866.54 (5,250 contracts), One written call strike 1,980.82, One written put strike 1,904.63 with a barrier level strike of 1,366.57 (10,501 contracts), Expires 02/16/17, Broker UBS AG(q)		592,002
	5,286	S&P 500 Index, One purchased call strike 1,910.67, One purchased put strike 1,853.92, One written put strike 1,891.75 with a barrier level strike of 1,453.81 (10,572 contracts), Expires 01/19/17, Broker Credit Suisse International(q)		836,071
	20,891	S&P 500 Index, One purchased call strike 1,914.695, One written call strike 1,991.282, One purchased put strike 1,914.695 with a barrier level strike of 1,723.23 (10,445 contracts), One written put strike 1,751.945 (10,445 contracts), Expires 12/30/16, Broker Citibank N.A.(q)		820,220
	29,215	S&P 500 Index, One purchased call strike 1,914.75, One written call strike 1,991.34, One written put strike 1,799.86 (10,445 contracts), Expires 12/30/16, Broker Bank of America N.A.(q)		1,100,202

Contracts/
Notional
Amount ($)			Value
	26,034	S&P 500 Index, One purchased call strike 1,920.55, One written call strike 1,997.372, One written put strike 1,630.739 (13,017 contracts), Expires 03/16/17, Broker Goldman Sachs International(q)	$	877,577
	19,521	S&P 500 Index, One purchased call strike 1,921.05, One purchased put strike 1,901.84 (7,808 contracts), One written call strike 1,997.89, One written put strike 1,921.05 with a barrier level strike of 1,315.92 (15,616 contracts), Expires 03/16/17, Broker UBS AG(q)		814,846
	31,217	S&P 500 Index, One purchased call strike 1,922.00, One written call strike 1,998.88, One purchased put strike 1,883.56 (10,406 contracts), One written put strike 1,922.00 with a barrier level strike of 1,441.50 (20,812 contracts), Expires 12/30/16, Broker UBS AG(q)		1,292,838
	77,817	S&P 500 Index, One purchased call strike 1,927.60, One written call strike 2,004.70, One purchased put strike 1,908.32 (25,939 contracts), One written put strike 1,927.60 with a barrier level strike of 1,515.09 (51,878 contracts), Expires 12/30/16, Broker UBS AG(q)		2,998,721
	20,666	S&P 500 Index, One purchased call strike 1,935.50, One written call strike 2,012.92, One purchased put strike 1,935.50 with a barrier level strike of 1,741.95 (10,333 contracts), One written put strike 1,766.14 (10,333 contracts), Expires 01/19/17, Broker Citibank N.A.(q)		735,260
	12,869	S&P 500 Index, One purchased call strike 1,942.62, One purchased put strike 1,903.77, One written call strike 2,020.32, One written put strike 1,942.62 with a barrier level strike of 1,683.28 (25,738 contracts), Expires 02/28/17, Broker UBS AG(q) .		1,037,057

Contracts/
Notional
Amount ($)			Value
	5,174	S&P 500 Index, One purchased call strike 1,952.23, One purchased put strike 1,894.24, One written put strike 1,932.90 with a barrier level strike of 1,454.51 (10,347 contracts), Expires 01/19/17, Broker UBS AG(q)	$	676,415
	17,292	S&P 500 Index, One purchased call strike 1,966.27, One written call strike 2,044.92, One purchased put strike 1,907.28 (5,086 contracts), One written put strike 1,966.27 with a barrier level strike of 1,474.70 (10,172 contracts), Expires 10/31/16, Broker Credit Suisse International(q)		763,170
	12,595	S&P 500 Index, One purchased call strike 1,984.95, One written call strike 2,064.35, One purchased put strike 1,965.10 (5,038 contracts), One written put strike 1,984.95 with a barrier level strike of 1,496.65 (10,076 contracts), Expires 03/16/17, Broker UBS AG(q)		301,716
	20,074	S&P 500 Index, One purchased call strike 1,992.68, One written call strike 2,072.39, One purchased put strike 1,952.83 (7,528 contracts), One written put strike 1,992.68 with a barrier level strike of 1,522.41 (15,055 contracts), Expires 12/30/16, Broker Citibank N.A.(q)		617,720
	22,533	S&P 500 Index, One purchased call strike 1,997.0343, One written call strike 2,076.9157, One purchased put strike 1,957.0936 (7,511 contracts), One written put strike 1,997.0343 with a barrier level strike of 1,531.7253 (15,022 contracts), Expires 02/16/17, Broker Goldman Sachs International(q)		578,512
	5,054	S&P 500 Index, One purchased call strike 1,998.49, One purchased put strike 1,939.13, One written put strike 1,978.70 with a barrier level strike of 1,691.79 (10,108 contracts), Expires 12/15/16, Broker Credit Suisse International(q)		417,720

Contracts/
Notional
Amount ($)			Value
	14,957	S&P 500 Index, One purchased call strike 2,005.80, One written call strike 2,086.03, One purchased put strike 1,965.68 (4,986 contracts), One written put strike 2,005.80 with a barrier level strike of 1,534.44 (9,971 contracts), Expires 01/31/17, Broker Credit Suisse International(q)	$	391,667
	14,870	S&P 500 Index, One purchased call strike 2,017.50, One written call strike 2,118.375, One purchased put strike 1,997.325 (7,435 contracts), One written put strike 2,017.50 with a barrier level strike of 1,530.2738, Expires 12/30/16, Broker Goldman Sachs International(q)		531,586
	14,849	S&P 500 Index, One purchased call strike 2,020.28, One written call strike 2,101.09, One purchased put strike 1,979.87 (4,950 contracts), One written put strike 2,020.28 with a barrier level strike of 1,543.49 (9,900 contracts), Expires 01/19/17, Broker Credit Suisse International(q)		382,318
	12,276	S&P 500 Index, One purchased call strike 2,036.54, One written call strike 2,118.00, One purchased put strike 1,995.81 (4,910 contracts), One written put strike 2,036.54 with a barrier level strike of 1,520.277 (9,821 contracts), Expires 01/19/17, Broker Citibank N.A.(q)		293,300
	14,678	S&P 500 Index, One purchased call strike 2,043.83, One written call strike 2,125.5832, One purchased put strike 2,002.9534 (4,893 contracts), One written put strike 2,043.83 with a barrier level strike of 1,563.53 (9,786 contracts), Expires 02/16/17, Broker JPMorgan Chase Bank N.A.(q)		292,289

Contracts/
Notional
Amount ($)			Value
	7,331	S&P 500 Index, One purchased call strike 2,046.0802, One written call strike 2,127.9234, One purchased put strike 2,005.1586 (2,444 contracts), One written put strike 2,046.0802 with a barrier level strike of 1,555.021 (4,887 contracts), Expires 02/16/17, Broker Goldman Sachs International(q)	$	110,084
	22,726	S&P 500 Index, One purchased call strike 2,048.36, One written call strike 2,130.29, One purchased put strike 2,027.88 (9,763 contracts), One written put strike 2,048.36 with a barrier level strike of 1,556.75 (19,528 contracts), Expires 04/13/17, Broker UBS AG(q)		142,291
	29,259	S&P 500 Index, One purchased call strike 2,050.62, One written call strike 2,132.64, One purchased put strike 2,009.61 (9,753 contracts), One written put strike 2,050.62 with a barrier level strike of 1,611.79 (19,506 contracts), Expires 01/19/17, Broker Credit Suisse International(q)		623,886
	4,898	S&P 500 Index, One purchased call strike 2,052.0492, One written put strike 2,041.84 with a barrier level strike of 1,837.656 Expires 05/19/16, Broker Citibank N.A.		130,980
	6,089	S&P 500 Index, One purchased call strike 2,052.8029, One purchased put strike 1,991.2188, One written put strike 2,052.8029 with a barrier level strike of 1,621.7143 (12,178 contracts), Expires 08/18/16, Broker Goldman Sachs International(q)		299,154
	7,350	S&P 500 Index, One purchased call strike 2,061.1272, One written put on SPDR Gold Shares strike 120.67, with a barrier level strike of 112.9471 (124,306 contracts) Expires 05/19/16, Broker JPMorgan Chase Bank N.A.(q)		196,755

Contracts/
Notional
Amount ($)			Value
	4,836	S&P 500 Index, One purchased call strike 2,067.94, One purchased put strike 1,985.22, One written put strike 2,067.94 with a barrier level strike of 1,604.72 (9,671 contracts), Expires 10/20/16, Broker Credit Suisse International(q)	$	187,509
	7,253	S&P 500 Index, One purchased call strike 2,068.17, One purchased put strike 2,006.1249, One written put strike 2,068.17 with a barrier level strike of 1,634.8884 (14,506 contracts), Expires 08/18/16, Broker Goldman Sachs International(q)		218,524
	12,142	S&P 500 Index, One purchased call strike 2,069.27, Expires 05/19/16, Broker Credit Suisse International		245,272
	19,483	S&P 500 Index, One purchased call strike 2,073.631, One written put strike 118.528 on SPDR Gold Shares with a barrier level strike of 111.1793 (337,473 contracts), Expires 07/14/16, Broker Goldman Sachs International(q)		463,910
	29,180	S&P 500 Index, One purchased call strike 2,076.76, One written put strike 2,056.20 with a barrier level strike of 1,850.58, Expires 06/16/16, Broker Credit Suisse International		317,125
	7,219	S&P 500 Index, One purchased call strike 2,077.81, One purchased put strike 1,994.70, One written put strike 2,098.59 with a barrier level strike of 1,585.37 (14,438 contracts), Expires 08/18/16, Broker Credit Suisse International(q)		247,913
	4,806	S&P 500 Index, One purchased call strike 2,080.8252, One purchased put strike 1,997.5922, One written put strike 2,080.8252 with a barrier level strike of 1,637.8175 (9,612 contracts), 09/15/16, Broker Goldman Sachs International(q)		114,445

Contracts/
Notional
Amount ($)			Value
	4,798	S&P 500 Index, One purchased call strike 2,084.35, One purchased put strike 2,021.8195, One written put strike 2,084.35 with a barrier level strike of 1,644.5522 (9,595 contracts), Expires 08/18/16, Broker Goldman Sachs International(q)	$	135,708
	4,795	S&P 500 Index, One purchased call strike 2,085.3301, One purchased put strike 2,022.7702, One written put strike 2,085.3301 with a barrier level strike of 1,668.2641 (9,591 contracts), Expires 09/15/16, Broker Goldman Sachs International(q)		72,300
	4,784	S&P 500 Index, One purchased call strike 2,090.1919, One purchased put strike 2,048.38, One written put strike 2,090.1919 with a barrier level strike of 1,670.0634 (9,568 contracts), Expires 06/16/16, Broker Goldman Sachs International(q)		191,947
	14,496	S&P 500 Index, One purchased call strike 2,090.24, Expires 05/06/16, Broker Citibank N.A.		65,130
	10,617	S&P 500 Index, One purchased call strike 2,090.89, One written call strike 2,195.4345, One purchased put strike 2,049.0722 (4,783 contracts), One purchased put strike 2,049.0722 with a barrier level strike of 1,902.71 (4,783 contracts), One written put strike 2,090.89 with a barrier level strike of 1,902.71 (9,565 contracts), Expires 08/18/16, Broker JPMorgan Chase Bank N.A.(q)		227,559
	13,629	S&P 500 Index, One purchased call strike 2,107.27, One written call strike 2,212.6335, One purchased put strike 2,001.9065 with a barrier level strike of 1,580.4525 (9,491 contracts), One written put strike 88.074 on iShares iBoxx High Yield Corp. Bond ETF with a barrier level strike of 74.8629 (227,082 contracts), Expires 08/18/16, Broker Goldman Sachs International(q)		122,901

Contracts/
Notional
Amount ($)			Value
	14,196	S&P 500 Index, One purchased call strike 2,113.31, One written call strike 2,197.8424, One purchased put strike 2,071.0438 (4,732 contracts), One written put strike 2,113.31 with a barrier level strike of 1,669.51 (9,464 contracts), Expires 01/19/17, Broker JPMorgan Chase Bank N.A.(q)	$	85,879
	9,551	S&P 500 Index, One purchased call strike 2,115.06, One written put strike 2,094.12 with a barrier level strike of 1,905.65, Expires 06/30/16, Broker UBS AG		(59,045	)
	5,903	S&P 500 Index, One purchased call strike 2,117.66, One purchased put strike 2,054.13, One written put strike 2,117.66 with a barrier level strike of 1,685.66 (11,805 contracts), Expires 07/14/16, Broker Credit Suisse International(q)		105,113
	4,717	S&P 500 Index, One purchased call strike 2,119.9811, One purchased put strike 2,077.5815, One written put strike 2,119.9811 with a barrier level strike of 1,710.8247 (9,434 contracts), Expires 06/16/16, Broker Goldman Sachs International(q)		150,810
	9,408	S&P 500 Index, One purchased call strike 2,125.9333, One written call strike 2,253.4893, One purchased put strike 2,062.1553 (4,704 contracts), One written put strike 2,125.9333 with a barrier level strike of 1,709.2504, Expires 06/16/16, Broker Goldman Sachs International(q)		159,988
	9,760	S&P 500 Index, One purchased call strike 2,187.3075, One written put strike 1,978.9925 (4,800 contracts) Expires 10/20/16, Broker Citibank N.A.(q)		(70,188	)

Contracts/
Notional
Amount ($)			Value
	17,308	S&P 500 Index, One purchased put strike 2,001.9284, One purchased call strike 2,042.3714, One written put strike 2,022.1499 with a barrier level strike of 1,536.8339 (34,617 contracts), Expires 07/15/16, Broker Goldman Sachs International(q)	$	1,267,183
	7,817	S&P 500 Index, One purchased put strike 2,014.95 with a barrier level strike of 1,343.30, One written put strike 46.49 on Utilities Sector SPDR Fund with a barrier level strike of 31.38 (322,650 contracts), Expires 12/30/16, Broker UBS AG(q)		198,938
	10,289	S&P 500 Index, One purchased put strike 2,021.50 with a barrier level strike 1,360.625, One written put strike 46.7161 on Utilities Sector SPDR Fund with a barrier level strike of 31.6502 (428,118 contracts), Expires 12/30/16, Broker JPMorgan Chase Bank N.A.(q)		225,450
	10,279	S&P 500 Index, One purchased put strike 2,093.49 with a barrier level strike of 1,361.93, One written put strike 43.41 on Utilities Select Sector SPDR Fund with a barrier level strike of 34.73 (460,713 contracts), Expires 12/15/16, Broker Bank of America N.A.(q)		484,634
	5,968	S&P 500 Index, One purchased put strike 2,136.3186 with a barrier level strike of 1,466.101, One written put strike 47.00 on Utilities Select Sector SPDR Fund with a barrier level strike of 34.6625 (265,957 contracts), Expires 02/16/17, Broker JPMorgan Chase Bank N.A.(q)		116,262
	1,904,762	Select Sector Financial SPDR Fund, One purchased call strike 21.00, One written call strike 21.84, One written put strike 18.38 (952,381 contracts), One purchased put strike 21.00 with a barrier level strike of 18.90 (952,381 contracts), Expires 12/30/16, Broker Credit Suisse International(q)		941,236

Contracts/
Notional
Amount ($)			Value
	682,209	Select Sector Financial SPDR Fund, One purchased call strike 22.21, One written call strike 23.75, One written put strike 20.89, Expires 05/31/16, Broker Bank of America N.A.	$	659,287
	1,569,929	Select Sector Financial SPDR Fund, One purchased call strike 22.52, One written call strike 23.85, One written put strike 21.11, Expires 06/03/16, Broker Credit Suisse International		1,050,847
	1,569,591	Select Sector Financial SPDR Fund, One purchased call strike 22.5218, One written call strike 23.8597, One written put strike 21.1281, Expires 06/03/16, Broker Goldman Sachs International		1,149,412
	1,684,327	Select Sector Financial SPDR Fund, One purchased call strike 22.65, One written call strike 23.556, One purchased put strike 23.81, One written put strike 22.65 with a barrier level strike of 20.385 (441,501 contracts), Expires 10/20/16, Broker JPMorgan Chase Bank N.A.(q)		594,958
	1,223,796	Select Sector Financial SPDR Fund, One purchased call strike 24.71, One written call strike 26.19, One written put strike 24.71 with a barrier level strike of 22.73 (485,633 contracts), Expires 06/16/16, Broker UBS AG(q)		(254,162	)
	251,693	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 158.924, One written call strike 165.281, One written put strike 131.589 (125,847 contracts), Expires 03/16/17, Broker Citibank N.A.(q)		906,346

Contracts/
Notional
Amount ($)			Value
	249,763	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 160.152 (249,763 contracts), One written call strike 166.5581(249,763 contracts), One written put strike 138.9319 (124,881 contracts), One purchased put strike 160.152 with a barrier level strike of 144.1368 (124,881 contracts), Expires 03/16/17, Broker Goldman Sachs International(q)	$	892,340
	93,440	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 163.7406, One written put strike 86.00 on iShares iBoxx High Yield Corporate Bond ETF with a barrier level strike of 73.96 (174,419 contracts), Expires 10/20/16, Broker JPMorgan Chase Bank N.A.(q)		1,087,875
	92,149	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 164.41, One written put strike 162.78 with a barrier level strike of 137.55, Expires 05/19/16, Broker Barclays Bank Plc		1,184,115
	120,330	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 166.21, One written put strike 166.21 with a barrier level strike of 137.54, Expires 12/15/16, Broker Credit Suisse International		1,354,964
	119,508	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 167.353, One written put strike 167.353 with a barrier level strike of 139.0703, Expires 11/17/16, Broker Goldman Sachs International		1,260,378

Contracts/
Notional
Amount ($)			Value
	236,499	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 169.134, One written call strike 175.8994, One purchased put strike 165.7513 (88,687 contracts), One written put strike 169.134 with a barrier level strike of 131.4509 (177,374 contracts), Expires 12/30/16, Broker Goldman Sachs International(q)	$	685,229
	87,499	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 173.1443, One purchased put strike 168.0014, One written put strike 171.43 with a barrier level strike of 146.95 (174,999 contracts), Expires 01/19/17, Broker BNP Paribas SA(q)		505,043
	57,394	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 174.2344, One purchased put strike 169.0074, One written put strike 174.2344 with a barrier level strike of 135.9028 (114,789 contracts), Expires 10/20/16, Broker Goldman Sachs International(q)		302,581
	57,148	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 174.983, One purchased put strike 167.9837, One written put strike 174.983 with a barrier level strike of 135.9618 (114,297 contracts), Expires 09/15/16, Broker Goldman Sachs International(q)		276,152
	85,885	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 176.3994, One purchased put strike 171.1598, One written put strike 174.6529 with a barrier level strike of 134.832 (171,769 contracts), Expires 01/31/17, Broker JPMorgan Chase Bank N.A.(q)		368,835

Contracts/
Notional
Amount ($)			Value
	70,724	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 176.744, One purchased put strike 171.4417, One written put strike 176.744 with a barrier level strike of 139.8045 (141,448 contracts), Expires 08/18/16, Broker Goldman Sachs International(q)	$	277,591
	56,240	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 177.81, One purchased put strike 174.25, One written put strike 177.81 with a barrier level strike of 136.91 (112,480 contracts), Expires 06/16/16, Broker UBS AG(q)		267,937
	55,432	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 180.40, One purchased put strike 174.99, One written put strike 180.40 with a barrier level strike of 142.88 (110,865 contracts), Expires 09/15/16, Broker BNP Paribas SA(q)		64,831
	68,310	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 182.99, One purchased put strike 177.5003, One written put strike 182.99 with a barrier level strike of 143.7752 (136,619 contracts), Expires 07/14/16, Broker Goldman Sachs International(q)		98,516
	173,847	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 185.724, One written put strike 168.036 (84,803 contracts), Expires 11/18/16, Broker BNP Paribas SA(q)		0
	506,552	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 188.2136, One written put strike 170.2885 (223,151 contracts), Expires 10/21/16, Broker Goldman Sachs International(q)		(379,526	)

Contracts/
Notional
Amount ($)			Value
	126,289	SPDR Dow Jones Industrial Average ETF Trust, One purchased call strike 188.7333, One written put strike 170.7587 (55,634 contracts), Expires 10/21/16, Broker Goldman Sachs International(q)	$	(119,815	)
	84,731	SPDR Gold Shares, One written call strike 118.02, with a barrier level strike of 171.129, One written put strike 118.02 with a barrier level strike of 94.416, One purchased put strike 1,919.051 on S&P 500 Index (10,196 contracts), One written put strike 1,727.1459 on S&P 500 Index (10,196 contracts), One purchase call strike 1,919.051 on S&P 500 Index with a barrier level strike of 2,206.9087 (5,211 contracts), Expires 12/15/16, Broker JPMorgan Chase Bank N.A.(q)		27,265
	185,231	SPDR Gold Shares, One purchased call strike 109.05, One written call strike 118.77, One written put strike 101.28, Expires 09/16/16, Broker Bank of America N.A.		1,275,186
	154,727	SPDR S&P 500 ETF Trust, One purchased call strike 193.2739, One written call strike 199.9649, One purchased put strike 189.4084, One written put strike 193.2739 with a barrier level strike of 161.3837 (104,018 contracts), Expires 11/17/16, Broker Citibank N.A.(q)		689,141
	926,871	SPDR S&P Homebuilders ETF, One purchased call strike 35.28, One written call strike 37.04, One written put strike 35.28 with a barrier level strike of 32.10 (283,447 contracts), Expires 05/19/16, Broker UBS AG(q)		(61,061	)
	833,004	SPDR S&P Regional Banking ETF, One purchased call strike 36.9746, One written call strike 38.4536, One written put strike 33.2771 (270,456 contracts), Expires 12/30/16, Broker BNP Paribas SA(q)		522,901

Contracts/
Notional
Amount ($)			Value
	953,282	SPDR S&P Regional Banking ETF, One purchased call strike 42.1701, One written call strike 44.2786, One written put strike 42.1701 with a barrier level strike of 38.3748 (284,562 contracts), Expires 05/31/16, Broker Citibank N.A.(q)	$	(17,708	)
	4,713	Taiwan Stock Exchange Weighted Index, One purchased call strike 8,040.91, One written call strike 8,523.3646, One written put strike 8,040.91 with a barrier level strike of 7,397.6372 (1,244 contracts), Expires 10/19/16, Broker Goldman Sachs International(q)		520,015
	3,702	Taiwan Stock Exchange Weighted Index, One purchased call strike 8,105.00, One written call strike 8,429.20, One purchased put strike 8,105.00 with a barrier level strike of 6,808.20 (1,234 contracts), One written put strike 8,105.00 with a barrier level strike of 6,078.75 (1,234 contracts), Expires 12/21/16, Broker Goldman Sachs International(q)		285,140
	6,373	Taiwan Stock Exchange Weighted Index, One purchased call strike 8,316.30, One written call strike 8,815.278, One written put strike 8,316.30 with a barrier level strike of 7,817.322 (1,503 contracts), Expires 09/19/16, Broker Goldman Sachs International(q)		131,888
	9,168	Taiwan Stock Exchange Weighted Index, One purchased call strike 8,344.33, One written call strike 8,678.1032, One written put strike 8,344.33 with a barrier level strike of 7,509.897 (1,798 contracts), Expires 11/17/16, Broker Goldman Sachs International(q)		91,081

Contracts/
Notional
Amount ($)			Value
	1,165	Taiwan Stock Exchange Weighted Index, One purchased call strike 8,582.57, One written call strike 9,097.5242, One written put strike 8,582.57 with a barrier level strike of 8,067.6158, Expires 09/21/16, Broker BNP Paribas SA	$	(198,566	)
	4,330	Taiwan Stock Exchange Weighted Index, One purchased call strike 9,285.64, One written call strike 9,842.78, One written put strike 9,285.64 with a barrier level strike of 8,728.50 (1,077 contracts), Expires 07/20/16, Broker BNP Paribas SA(q)		(864,290	)
	4,757	Taiwan Stock Exchange Weighted Index, One purchased call strike 9,554.95, One written call strike 10,128.247, One written put strike 9,554.95 with a barrier level strike of 8,981.653 (1,570 contracts), Expires 06/15/16, Broker BNP Paribas SA(q)		(1,635,262	)
	195,752	Teradata Corp., One purchased call strike 25.5425, One written call strike 33.2053, One written put strike 25.5425 with a barrier level strike of 19.2718, Expires 01/20/17, Broker JPMorgan Chase Bank N.A.		22,320
	41,564	Tokyo Stock Exchange Tokyo Price Index , One purchased call strike 1,299.2, One written call strike 1,351.168, One written put strike 1,169.28 (15,394 contracts), Expires 12/30/16, Broker Goldman Sachs International(q)		580,706
	15,000,000	USD/BRL foreign exchange rate, One purchased put strike 3.68, One written call strike 3.94, Expires 06/09/16, Broker JPMorgan Chase Bank N.A.		758,340
	100,000,000	USD/CNY (Offshore) foreign exchange rate, One purchased call strike 6.70, One written call strike 7.10, Expires 03/10/17, Broker Bank of America N.A.		1,122,485

Contracts/
Notional
Amount ($)			Value
	100,000,000	USD/CNY (Offshore) foreign exchange rate, One purchased call strike 7.00, One written call strike 7.40, Expires 02/03/17, Broker JPMorgan Chase Bank N.A.	$	526,200
	100,000,000	USD/CNY (Offshore) foreign exchange rate, One purchased put strike 6.60, One written put strike 6.90, Expires 08/17/16, Broker BNP Paribas SA		579,289
	100,000,000	USD/CNY (Offshore) foreign exchange rate, One purchased put strike 6.60, One written put strike 6.90, Expires 08/15/16, Broker Bank of America N.A.		564,056
	12,000,000	USD/MXN foreign exchange rate, One purchased call strike 15.10, One written put strike 16.575, Expires 06/19/16, Broker Bank of America N.A.		536,786
	10,000,000	USD/MXN foreign exchange rate, One purchased call strike 15.30, One written put strike 17.297, Expires 05/17/16, Broker Bank of America N.A.		97,137
	10,000,000	USD/MXN foreign exchange rate, One purchased call strike 16.20, One written put strike 17.93, Expires 08/12/16, Broker Bank of America N.A.		118,720
	25,000,000	USD/MXN foreign exchange rate, One purchased call strike 16.50, One written put strike 17.98, Expires 10/31/16, Broker JPMorgan Chase Bank N.A.		(359,758	)
	10,000,000	USD/MXN foreign exchange rate, One purchased put strike 15.20, One written call strike 16.61, Expires 05/31/16, Broker JPMorgan Chase Bank N.A.		(405,652	)
	35,000,000	USD/MXN foreign exchange rate, One purchased put strike 16.45, One written call strike 18.361, Expires 12/15/16, Broker Bank of America N.A.		442,377
	15,000,000	USD/MXN foreign exchange rate, One purchased put strike 16.65, One written call strike 17.87, Expires 01/30/17, Broker Bank of America N.A.		320,807

Contracts/
Notional
Amount ($)			Value
	15,000,000	USD/MXN foreign exchange rate, One purchased put strike 17.15, One written call strike 19.1102, Expires 04/17/17, Broker Goldman Sachs International	$	77,751
	10,000,000	USD/MXN foreign exchange rate, One purchased put strike 17.20, One written call strike 18.9201, Expires 05/02/17, Broker Goldman Sachs International		32,073
	10,000,000	USD/MXN foreign exchange rate, One purchased put strike 17.30, One written call strike 19.2902, Expires 05/19/17, Broker Goldman Sachs International		92,705
	10,000,000	USD/ZAR foreign exchange rate, One purchased put strike 14.00, One written call strike 17.4507, Expires 03/16/17, Broker Goldman Sachs International		(325,967	)
	20,000,000	USD/ZAR foreign exchange rate, One purchased put strike 14.40, One written call strike 17.00, Expires 04/20/17, Broker JPMorgan Chase Bank N.A.		(30,880	)
	10,000,000	USD/ZAR foreign exchange rate, One purchased put strike 14.50, One written call strike 17.7463, Expires 05/18/17, Broker Goldman Sachs International		102,601
	1,517,953	WisdomTree Japan Hedged Equity Fund, One purchased call strike 51.8989, One written call strike 53.9543, One written put strike 51.385 with a barrier level strike of 47.7881 (291,914 contracts), Expires 11/18/16, Broker Goldman Sachs International(q)		(2,276,510	)
	597,646	WisdomTree Japan Hedged Equity Fund, One purchased call strike 54.38, One written call strike 57.099, One written put strike 54.38 with a barrier level strike of 49.4858 (183,891 contracts), Expires 08/31/16, Broker JPMorgan Chase Bank N.A.(q)		(2,029,815	)

Contracts/
Notional
Amount ($)			Value
	370,879	WisdomTree Japan Hedged Equity Fund, One purchased call strike 54.4653, One written put strike 54.4653 with a barrier level strike of 50.1512, Expires 10/31/16, Broker Goldman Sachs International	$	(4,235,701	)
	948,890	WisdomTree Japan Hedged Equity Fund, One purchased call strike 54.8219, One written call strike 56.9718, One written put strike 53.747 with a barrier level strike of 49.4472 (186,057 contracts), Expires 12/15/16, Broker Goldman Sachs International(q)		(1,924,253	)
	700,213	WisdomTree Japan Hedged Equity Fund, One purchased call strike 56.697, One written call strike 59.5318, One written put strike 56.697 with a barrier level strike of 52.1612 (211,651 contracts), Expires 05/19/16, Broker Goldman Sachs International(q)		(2,914,856	)
	1,002,073	WisdomTree Japan Hedged Equity Fund, One purchased call strike 57.88, One written call strike 60.774, One written put strike 58.4588 with a barrier level strike of 52.6708 (259,157 contracts), Expires 08/18/16, Broker JPMorgan Chase Bank N.A.(q)		(3,989,671	)
	537,653	WisdomTree Japan Hedged Equity Fund, One purchased call strike 58.96, One written call strike 61.908, One written put strike 58.96 with a barrier level strike of 54.2432 (169,607 contracts), Expires 07/14/16, Broker Goldman Sachs International(q)		(2,765,671	)
Total Structured Options (Premiums received $6,612,812)			$	3,199,638

FUTURES CONTRACTS: SHORT POSITION

			Unrealized
Contracts			Depreciation
	75	London Metal Exchange Copper, May 2016	$	(1,122,712	)
	270	Madrid IBEX 35 Index, May 2016		(904,873	)
	3,825	Eurex Euro STOXX 50 Index, June 2016		(1,950,522	)
	15	London Metal Exchange Nickel, June 2016		(98,190	)
	500	Eurex VSTOXX Mini Index, June 2016		(107,411	)
	510	Intercontinental Exchange Russell 2000 Mini Index, June 2016		(2,631,600	)
	50	Intercontinental Exchange Brent Crude Oil, July 2016		(42,830	)
	150	London Metal Exchange Aluminum, December 2016		(399,375	)
	198	London Metal Exchange Nickel, December 2016		(358,800	)
	100	London Metal Exchange Copper, December 2016		(163,750	)
		Net unrealized depreciation	$	(7,780,063	)

FUTURES CONTRACTS: LONG POSITION

			Unrealized
Contracts			Appreciation
	75	London Metal Exchange Copper, May 2016	$	665,100
	65	London Metal Exchange Nickel, June 2016		173,385
	50	London Metal Exchange Zinc, June 2016		230,000
	4,000	Eurex VSTOXX Mini Index, July 2016		462,479
	25	London Metal Exchange Lead, July 2016		54,219
	872	Chicago Board of Exchange Volatility Index, August 2016		655,600
	100	London Metal Exchange Copper, December 2016		262,500
	198	London Metal Exchange Nickel, December 2016		913,051
		Net unrealized appreciation	$	3,416,334

Cash collateral of $24,784,289 for the open futures contracts is reflected in segregated cash for futures contracts in the Statements of Assets and Liabilities.

	Unrealized
	Appreciation/
	(Depreciation)
SWAP AGREEMENTS (PURCHASED)

Commodity Index Swap Agreement with Cargill, Inc. based on a basket of commodity Indexes, paying a fixed amount and paying the closing settlement price if over the target value of the basket and receiving the closing settlement price if under the target value of the basket on a monthly basis until the termination date, expiring 09/16/16 (Underlying notional amount $2,816,703)(s)	$	(209,115	)
Commodity Index Swap Agreement with Cargill, Inc. based on a basket of commodity Indexes, paying a fixed amount and paying the closing settlement price if over the target value of the basket and receiving the closing settlement price if under the target value of the basket on a monthly basis until the termination date, expiring 12/31/16 (Underlying notional amount $94,000)(t)		20,338
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 01/31/18 (Underlying notional amount $281,250)		(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 02/28/18 (Underlying notional amount $281,250)		(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 03/31/18 (Underlying notional amount $281,250)		(8,850	)

	Unrealized
	Appreciation/
	(Depreciation)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 04/30/18 (Underlying notional amount $281,250)	$	(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 05/31/18 (Underlying notional amount $281,250)		(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 06/30/18 (Underlying notional amount $281,250)		(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 07/31/16 (Underlying notional amount $261,000)		(38,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 07/31/18 (Underlying notional amount $281,250)		(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 08/31/16 (Underlying notional amount $261,000)		(38,850	)

	Unrealized
	Appreciation/
	(Depreciation)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 08/31/18 (Underlying notional amount $281,250)	$	(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 09/30/16 (Underlying notional amount $261,000)		(38,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 09/30/18 (Underlying notional amount $281,250)		(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 10/31/16 (Underlying notional amount $261,000)		2,700
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 10/31/18 (Underlying notional amount $281,250)		(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 11/30/16 (Underlying notional amount $261,000)		2,700

	Unrealized
	Appreciation/
	(Depreciation)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 11/30/18 (Underlying notional amount $281,250)	$	(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 12/31/16 (Underlying notional amount $261,000)		2,700
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 12/31/18 (Underlying notional amount $281,250)		(8,850	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Chicago Board of Trade (“CBOT”) Soybean Index, receiving a fixed amount per bushel and paying the closing settlement price of CBOT July 2016 Soybean Futures contracts minus CBOT November 2016 Soybean Futures contracts on the termination date, expiring 06/28/16 (Underlying notional amount $89,110)		(2,807,081	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Intercontinental Exchange, Inc. (“ICE”) Cocoa Index, paying a fixed amount per metric ton and receiving the closing settlement price of ICE March 2017 Cocoa Futures contracts on the termination date, expiring 02/03/17 (Underlying notional amount $747,825)		14,872

	Unrealized
	Appreciation/
	(Depreciation)
Commodity Index Swap Agreement with Cargill, Inc. based on the Intercontinental Exchange, Inc. (“ICE”) Cocoa-London Index, receiving a fixed amount per metric ton and paying the closing settlement price of ICE September 2016 Cocoa-London Futures contracts on the termination date, expiring 09/13/16 (Underlying notional amount $4,000)	$	(400	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Intercontinental Exchange, Inc. (“ICE”) Cotton No. 2 Index, receiving a fixed amount per pound and paying the closing settlement price of ICE July 2016 Cotton No. 2 Futures contracts minus the closing settlement price of ICE December 2016 Cotton No. 2 Futures contracts on the termination date, expiring 06/21/16 (Underlying notional amount $487,002)		190,377
Commodity Index Swap Agreement with Cargill, Inc. based on the Kansas City Board of Trade (“KCBT”) and Chicago Board of Trade (“CBOT”) Wheat Index, paying a fixed amount per bushel and receiving the closing settlement price of KCBT July 2016 minus CBOT July 2016 Wheat Futures contracts on the termination date, expiring 06/28/16 (Underlying notional amount $287,474)		(71,869	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Kansas City Board of Trade (“KCBT”) and Chicago Board of Trade (“CBOT”) Wheat Index, paying a fixed amount per bushel and receiving the closing settlement price of KCBT December 2016 minus CBOT December 2016 Wheat Futures contracts on the termination date, expiring 11/28/16 (Underlying notional amount $146,250)		(95,625	)

	Unrealized
	Appreciation/
	(Depreciation)
Commodity Index Swap Agreement with Cargill, Inc. based on the Singapore Exchange (“SGX”) Steel Index, paying a fixed amount per metric ton and receiving the closing settlement price of SGX August 2016 Iron Ore on the termination date, expiring 07/29/16 (Underlying notional amount $575,000)	$	24,600
Commodity Index Swap Agreement with Cargill, Inc. based on the Singapore Exchange (“SGX”) Steel Index, paying a fixed amount per metric ton and receiving the closing settlement price of SGX September 2016 Iron Ore on the termination date, expiring 08/31/16 (Underlying notional amount $575,000)		55,000
Commodity Index Swap Agreement with Cargill, Inc. based on the Singapore Exchange (“SGX”) Steel Index, paying a fixed amount per metric ton and receiving the closing settlement price of SGX September 2016 Iron Ore on the termination date, expiring 09/30/16 (Underlying notional amount $575,000)		(12,900	)
Commodity Index Swap Agreement with Macquarie Bank Ltd. based on the Kansas City Board of Trade (“KCBT”) and Chicago Board of Trade (“CBOT”) Wheat Index, paying a fixed amount per bushel and receiving the closing settlement price of KCBT July 2016 minus CBOT June 2016 Wheat Futures contracts on the termination date, expiring 06/28/16 (Underlying notional amount $22,500)		(27,500	)
Commodity Index Swap Agreement with Macquarie Bank Ltd. based on the Kansas City Board of Trade (“KCBT”) and Chicago Board of Trade (“CBOT”) Wheat Index, paying a fixed amount per bushel and receiving the closing settlement price of KCBT December 2016 minus CBOT December 2016 Wheat Futures contracts on the termination date, expiring 11/28/16 (Underlying notional amount $324,373)		(215,810	)

	Unrealized
	Appreciation/
	(Depreciation)
Commodity Index Swap Agreement with Macquarie Bank Ltd. based on the Macquarie Commodity Spread 196E Index, paying a fixed amount when Soybean Index lower than initial index level of 136.375 and receiving an amount when Soybean Index greater than initial index level of 136.375, expiring 10/21/16 (Underlying notional amount $170,469)	$	(66,250	)
Conditional Variance Swap with BNP Paribas SA receiving variance of the Hang Seng China Enterprises (“HSCEI”) Index over the volatility strike price of 23.70 with a knockout level of 130% of initial index level and the S&P 500 Index over the volatility strike price of 19.70 and paying variance of the HSCEI Index under the volatility strike price of 23.70 with a knockout level of 130% of initial index level and the S&P 500 Index under the volatility strike price of 19.70, expiring 12/28/18 (Underlying vega amount $500,000)		830,830
Conditional Variance Swap with BNP Paribas SA receiving variance of the Nikkei 225 Index over the volatility strike price of 20.60 with a knockout level of 120% of initial index level and the S&P 500 Index over the volatility strike price of 23.00 and paying variance of the Nikkei 225 Index under the volatility strike price of 20.60 with a knockout level of 120% of initial index level and the S&P 500 Index under the volatility strike price of 23.00, expiring 12/21/18 (Underlying vega amount $200,000)		569,442
Variance swap with Goldman Sachs International receiving variance of the Russell 2000 Index over the target volatility of 26.30 and paying variance of the Russell 2000 Index under the target volatility of 26.30, expiring 08/19/16 (Underlying vega amount $3,000,000)		165,990
	$	(1,849,751	)

	Unrealized
	Appreciation/
	(Depreciation)
SWAP AGREEMENTS (WRITTEN)

Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 07/31/16 (Underlying notional amount $209,500)	$	(12,650	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 08/31/16 (Underlying notional amount $209,500)		(12,650	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 09/30/16 (Underlying notional amount $209,500)		(12,650	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 10/31/16 (Underlying notional amount $209,500)		(54,200	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 11/30/16 (Underlying notional amount $209,500)		(54,200	)

	Unrealized
	Appreciation/
	(Depreciation)
Commodity Index Swap Agreement with Cargill, Inc. based on the Baltic Capesize Freight Index (“BCI”) receiving a fixed amount per day and paying the arithmetic average of the rates for BCI Routes published by the Baltic Exchange, expiring 12/30/16 (Underlying notional amount $209,500)	$	(54,200	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Intercontinental Exchange, Inc. (“ICE”) Cotton No. 2 Index, receiving a fixed amount per pound and paying the closing settlement price of ICE December 2016 Cotton No. 2 Futures contracts on the termination date, expiring 06/21/16 (Underlying notional amount $1,553,075)		(41,175	)
Commodity Index Swap Agreement with Cargill, Inc. based on the Kansas City Board of Trade (“KCBT”) and Chicago Board of Trade (“CBOT”) Wheat Index, receiving a fixed amount per bushel and paying the closing settlement price of KCBT July 2016 minus CBOT July 2016 Wheat Futures contracts on the termination date, expiring 06/28/16 (Underlying notional amount $82,725)		(342,275	)
Interest rate swap with JPMorgan Chase Bank N.A. receiving a fixed rate of 3.018% and paying a floating rate based on 3-month LIBOR, expiring 08/22/23 (Underlying notional amount $15,940,000)		(1,925,429	)
Interest rate swap with JPMorgan Chase Bank N.A. receiving a fixed rate of 3.848% and paying a floating rate based on 3-month LIBOR, expiring 08/22/43 (Underlying notional amount $9,110,000)		(3,261,822	)
Variance swap with Bank of America N.A. paying variance of the Merrill Lynch Core Portfolio Gross Index over the target volatility of 44.89 and receiving variance of the Merrill Lynch Core Portfolio Gross Index under the target volatility of 44.89, expiring 10/10/16 (Underlying vega amount $1,000,000)		500,171

	Unrealized
	Appreciation/
	(Depreciation)
Variance swap with Bank of America N.A. paying variance of the Merrill Lynch Core Portfolio Gross Index over the target volatility of 44.89 and receiving variance of the Merrill Lynch Core Portfolio Gross Index under the target volatility of 44.89, expiring 03/24/17 (Underlying vega amount $1,000,000)	$	227,264
Variance swap with Bank of America N.A. paying variance of the Merrill Lynch Core Portfolio Gross Index over the target volatility of 45.5625 and receiving variance of the Merrill Lynch Core Portfolio Gross Index under the target volatility of 45.5625, expiring 07/25/17 (Underlying vega amount $500,000)		151,581
Variance swap with Bank of America N.A. paying variance of the Merrill Lynch Core Portfolio Gross Index over the target volatility of 46.24 and receiving variance of the Merrill Lynch Core Portfolio Gross Index under the target volatility of 46.24, expiring 09/23/16 (Underlying vega amount $1,000,000)		646,873
Variance swap with Goldman Sachs International paying variance of the Goldman Sachs Momentum Builder Multi Asset 5 Index over the target volatility of 6.25 and receiving variance of the Goldman Sachs Momentum Builder Multi Asset 5 Index under the target volatility of 6.25, expiring 11/06/17 (Underlying vega amount $2,000,000)		96,786
Variance swap with Goldman Sachs International paying variance of the Goldman Sachs Momentum Builder Multi Asset 5 Index over the target volatility of 6.25 and receiving variance of the Goldman Sachs Momentum Builder Multi Asset 5 Index under the target volatility of 6.25, expiring 10/09/17 (Underlying vega amount $2,000,000)		314,836

	Unrealized
	Appreciation/
	(Depreciation)
Variance swap with JPMorgan Chase Bank N.A. paying variance of the S&P 500 Index over the target volatility of 33.05 and receiving variance of the S&P 500 Index under the target volatility of 33.05, expiring 12/20/19 (Underlying vega amount $500,000)	$	5,299,170
	$	1,465,430

At April 30, 2016, the Strategic Opportunities Fund held investments in restricted securities with a fair value of zero, as follows:

			04/30/16
Acquisition		Acquisition	Carrying Value
Cost	Issuer	Date	Per Unit
$12,000,000	ShengdaTech, Inc., Cnv.(b)(c)(d)(g)(i)	01/19/11	$—

(a)	Cost for federal income tax purposes is $6,931,087,525 and net unrealized depreciation of investments is as follows:

Unrealized appreciation	$	177,400,581
Unrealized depreciation		(194,177,370	)
Net unrealized depreciation	$	(16,776,789	)


(b)	This security is considered either fully or partially illiquid. These securities, or portions thereof have a value of $430,966,689 or 6.21% of net assets. Included in this amount are securities which are also exempt from registration under Rule 144A of the Securities Act of 1933, as amended (see (i) below) that amount to $117,802,930 or 1.70% of net assets.
(c)	Level 3 fair valued security under procedures established by the Fund’s Board of Directors. The aggregate value of fair valued securities is $2,477,329, which is 0.04% of net assets.
(d)	Non-income producing security.
(e)	Security offered and sold outside of the United States, and thus is exempt from registration under Regulation S of the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Fund’s Board of Directors except those also included in footnote (d) above.
(f)	Zero coupon bond. The rate represents the yield at time of purchase.
(g)	Issuer filed for bankruptcy and/or is in default of interest payments.
(h)	Principal amount denoted in Euros.
(i)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The aggregate value is $601,299,637, which is 8.67% of net assets. These securities have been determined to be liquid in accordance with pro-

	cedures adopted by the Fund’s Board of Directors except those also included in footnote (d) above.
(j)	Principal amount denoted in British Pounds.
(k)	Investment in non-U.S. Dollars. Principal amount reflects local currency.
(l)	Variable rate security. Rate shown is the rate as of April 30, 2016.
(m)	Principal amount denoted in Swiss Francs.
(n)	Payment-in-kind (“PIK”) security. Income may be paid in additional securities or cash at the discretion of the issuer.
(o)	The rate represents the annualized yield at time of purchase.
(p)	The rate shown is the current yield as of April 30, 2016.
(q)	Number of contracts are shown parenthetically for any leg of Structured Option which has a different number of contracts than the amount shown under contracts column.
(r)	Notional Amount is shown parenthetically for any leg of Structured Option which has a different notional amount than the amount shown under Notional Amount column.
(s)	The following table represents the individual long and short positions and related values of equity securities underlying the basket swap with Cargill, Inc., as of April 30, 2016, expiration date 09/16/16:

	Unrealized
	Appreciation/
Reference Entity — Long	(Depreciation)
Chicago Board of Trade Soybeans, July 2016	$	26,469
Chicago Board of Trade Wheat, July 2016		702
Chicago Mercantile Exchange Lean Hogs, June 2016		(9,899	)
Chicago Mercantile Exchange Live Cattle, June 2016		(42,310	)
COMEX Gold, June 2016		20,461
COMEX Silver, May 2016		45,311
Intercontinental Exchange Brent Crude Oil, June 2016		45,647
Intercontinental Exchange Brent Crude Oil, July 2016		8,440
Intercontinental Exchange Coffee, July 2016		(30,367	)
Intercontinental Exchange Sugar #11, July 2016		39,604
London Metal Exchange Lead, May 2016		12,361
London Metal Exchange Tin, June 2016		3,317
London Metal Exchange Zinc, May 2016		42,986
London Metal Exchange Zinc, June 2016		41,611
New York Mercantile Exchange Crude Oil, July 2016		22,043
New York Mercantile Exchange Gasoline RBOB, June 2016		4,938
New York Mercantile Exchange Heating Oil, May 2016		38,704
New York Mercantile Exchange Platinum, July 2016		35,009
	$	305,027

	Unrealized
	Appreciation/
Reference Entity — Short	(Depreciation)
Chicago Board of Trade Crude Soybean Oil, July 2016	$	22,894
Chicago Board of Trade Soybean Meal, July 2016		(111,889	)
Chicago Board of Trade Wheat, July 2016		(740	)
COMEX Copper, July 2016		(15,729	)
COMEX Silver, July 2016		(15,889	)
Intercontinental Exchange Cocoa, July 2016		(21,063	)
Intercontinental Exchange Corn, December 2016		(51,102	)
Intercontinental Exchange Cotton #2, July 2016		(66,905	)
London Metal Exchange Aluminum, May 2016		(33,607	)
London Metal Exchange Aluminum, June 206		(28,137	)
London Metal Exchange Lead, June 2016		(11,060	)
London Metal Exchange Nickel, May 2016		(10,819	)
London Metal Exchange Nickel, June 2016		(33,560	)
London Metal Exchange Tin, May 2016		(7,271	)
New York Mercantile Exchange Crude Oil, June 2016		(37,075	)
New York Mercantile Exchange Gasoline RBOB, May 2016		(29,240	)
New York Mercantile Exchange Heating Oil, June 2016		(8,414	)
New York Mercantile Exchange Natural Gas, July 2016		(15,502	)
New York Mercantile Exchange Palladium, June 2016		(25,625	)
New York Mercantile Exchange Palladium, September 2016		(13,409	)
	$	(514,142	)


(t)	The following table represents the individual long and short positions and related values of equity securities underlying the basket swap with Cargill, Inc., as of April 30, 2016, expiration date 12/31/16:

	Unrealized
	Appreciation/
Reference Entity — Long	(Depreciation)
Chicago Board of Trade Wheat, July 2016	$	131,744
Chicago Mercantile Exchange Live Cattle, August 2016		17,200
COMEX Gold, April 2016		500,900
Intercontinental Exchange Brent Crude Oil, April 2016		(1,230,000	)
Intercontinental Exchange Brent Crude Oil, May 2016		(147,500	)
London Metal Exchange Copper, June 2016		(481,825	)
	$	(1,209,481	)

	Unrealized
	Appreciation/
Reference Entity — Short		(Depreciation)
Chicago Board of Trade Soybeans, July 2016	$	3,906
Chicago Board of Trade Wheat, July 2016		100,000
COMEX Gold, April 2016		(217,150	)
Intercontinental Exchange Brent Crude Oil, April 2016		1,136,000
Intercontinental Exchange Brent Crude Oil, May 2016		105,000
London Metal Exchange Aluminum, December 2016		(140,000	)
London Metal Exchange Copper, June 2016		242,063
	$	1,229,819

ADR — American Depositary Receipt

BRL — Brazilian Real

CLO — Collateralized Loan Obligation

CNY — Chinese Yuan

Cnv. — Convertible

ETF — Exchange Traded Fund

EUR — Euro

FOR — Foreign Ownership Restrictions

LIBOR — London Interbank Offered Rate

MXN — Mexican Peso

REIT — Real Estate Investment Trust

STEP — Step Coupon Bond

ZAR — South African Rand

Portfolio diversification by Sector (Unaudited)

	Percentage
Sector	of Net Assets
Asset-Backed Securities		8.5	%
Banks		0.6	%
Collateralized Mortgage Obligations		7.6	%
Commercial Mortgage-Backed Securities		1.0	%
Consumer Discretionary		2.6	%
Consumer Staples		1.4	%
Diversified Financials		1.3	%
Energy		1.3	%
Government Bonds		1.7	%
Health Care		1.6	%
Industrials		2.0	%
Information Technology		2.8	%
Insurance		0.9	%
Materials		0.7	%
Real Estate		1.1	%
Telecommunication Services		1.2	%
U.S. Government Agencies		51.7	%
Utilities		1.1	%
Other*		10.9	%
Total		100.0	%

*	Includes cash and equivalents, closed-end funds, exchange traded funds, purchased or written options, futures, swap agreements, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Principal Amount			Value
CORPORATE BONDS — 41.4%
Banks — 7.9%
$	4,960,000	Bank of America Corp., 3.50%, 04/19/26	$	5,013,166
	3,800,000	Bank of America NA, 1.25%, 02/14/17		3,807,680
	3,000,000	Capital One NA, 1.65%, 02/05/18		2,987,676
	5,000,000	Commonwealth Bank of Australia, 1.13%, 03/13/17		5,008,570
	2,000,000	Commonwealth Bank of Australia, 2.25%, 03/16/17(b)		2,021,146
	2,500,000	International Bank For Reconstruction & Development, 1.38%, 04/10/18		2,517,883
	6,125,000	KFW, 1.25%, 02/15/17		6,143,681
	2,260,000	Sumitomo Mitsui Banking Corp., 1.95%, 07/23/18		2,270,177
	10,000,000	Wells Fargo & Co. MTN, 1.25%, 07/20/16		10,014,710
	8,000,000	Westpac Banking Corp., 1.55%, 05/25/18		8,005,376
				47,790,065
Consumer Discretionary — 0.8%
	2,825,000	Target Corp., 2.30%, 06/26/19		2,919,313
	1,820,000	Whirlpool Corp., 1.65%, 11/01/17		1,824,921
				4,744,234
Consumer Staples — 3.3%
	3,000,000	Anheuser-Busch Inbev Finance, Inc., 1.90%, 02/01/19		3,042,996
	3,000,000	Anheuser-Busch Inbev Finance, Inc., 3.65%, 02/01/26		3,162,285
	4,000,000	Coca-Cola Co. (The), 1.15%, 04/01/18		4,017,740
	4,500,000	CVS Health Corp., 1.90%, 07/20/18		4,561,880
	3,000,000	McDonald’s Corp. MTN, 2.10%, 12/07/18		3,063,444
	2,415,000	Sysco Corp., 1.90%, 04/01/19		2,432,581
				20,280,926

Principal Amount			Value
Diversified Financials — 8.5%
$	6,000,000	Daimler Finance North America LLC, 2.00%, 08/03/18(b)	$	6,054,324
	7,700,000	Ford Motor Credit Co. LLC, 3.00%, 06/12/17		7,822,168
	9,325,000	General Electric Capital Corp., 2.90%, 01/09/17		9,457,583
	1,400,000	General Electric Capital Corp. MTN, 2.30%, 04/27/17		1,420,033
	2,930,000	Goldman Sachs Group, Inc. (The), 5.95%, 01/18/18		3,134,901
	6,010,000	Goldman Sachs Group, Inc. (The), 2.63%, 01/31/19		6,133,073
	6,000,000	JPMorgan Chase & Co., 1.26%, 01/28/19(c)		5,972,532
	3,000,000	Morgan Stanley, 2.45%, 02/01/19		3,045,711
	3,000,000	National Rural Utilities Cooperative Finance Corp. MTN, 3.25%, 11/01/25		3,161,904
	3,900,000	Toronto-Dominion Bank (The), 1.07%, 07/02/19(c)		3,861,402
	1,775,000	Toyota Motor Credit Corp. MTN, 1.13%, 05/16/17		1,779,484
				51,843,115
Energy — 4.2%
	3,000,000	Cameron International Corp., 1.15%, 12/15/16		2,999,799
	5,310,000	Enterprise Products Operating LLC, 1.65%, 05/07/18		5,313,531
	1,000,000	Enterprise Products Operating LLC, 3.95%, 02/15/27		1,035,599
	1,700,000	Occidental Petroleum Corp., 1.75%, 02/15/17		1,714,321
	3,000,000	Petroleos Mexicanos, 5.50%, 02/04/19(b)		3,136,500
	1,000,000	Schlumberger Investment SA, 1.25%, 08/01/17(b)		997,313
	1,000,000	Schlumberger Norge AS, 1.95%, 09/14/16(b)		1,002,623
	6,000,000	Shell International Finance BV, 1.25%, 11/10/17		6,007,038
	2,120,000	Tennessee Gas Pipeline Co. LLC, 7.50%, 04/01/17		2,208,764

Principal Amount			Value
Energy (continued)
$	1,000,000	TransCanada Pipelines Ltd., 1.88%, 01/12/18	$	1,000,859
				25,416,347
Health Care — 4.2%
	6,000,000	AbbVie, Inc., 1.75%, 11/06/17		6,030,990
	4,000,000	Amgen, Inc., 2.20%, 05/22/19		4,084,620
	4,160,000	Celgene Corp., 2.13%, 08/15/18		4,216,172
	2,000,000	Johnson & Johnson, 1.13%, 11/21/17		2,009,693
	5,000,000	Takeda Pharmaceutical Co. Ltd., 1.63%, 03/17/17(b)		5,016,980
	3,950,000	UnitedHealth Group, Inc., 1.40%, 12/15/17		3,970,587
				25,329,042
Industrials — 2.0%
	5,400,000	Eaton Corp., 5.60%, 05/15/18		5,828,161
	118,570	Federal Express Corp. 2012 Pass Through Trust, 2.63%, 01/15/18(b)		119,223
	6,460,000	Precision Castparts Corp., 1.25%, 01/15/18		6,480,233
				12,427,617
Information Technology — 3.9%
	6,500,000	Apple, Inc., 0.87%, 05/03/18(c)		6,501,268
	2,000,000	Cisco Systems, Inc., 1.60%, 02/28/19		2,025,810
	7,000,000	Hewlett Packard Enterprise Co., 4.90%, 10/15/25(b)		7,265,293
	3,000,000	Microsoft Corp., 1.30%, 11/03/18		3,024,642
	1,900,000	National Semiconductor Corp., 6.60%, 06/15/17		2,016,136
	2,750,000	Oracle Corp., 5.75%, 04/15/18		2,993,906
				23,827,055
Insurance — 2.3%
	3,040,000	Berkshire Hathaway, Inc., 3.13%, 03/15/26		3,165,759
	2,500,000	MetLife, Inc., 1.76%, 12/15/17		2,513,465
	5,000,000	New York Life Global Funding, 1.65%, 05/15/17(b)		5,038,175

Principal Amount			Value
Insurance (continued)
$	3,000,000	New York Life Global Funding, 1.45%, 12/15/17(b)	$	3,019,515
				13,736,914
Materials — 0.8%
	1,005,000	Airgas, Inc., 2.95%, 06/15/16		1,005,324
	2,270,000	BHP Billiton Finance USA Ltd., 2.05%, 09/30/18		2,291,002
	1,525,000	Ecolab, Inc., 2.00%, 01/14/19		1,537,110
				4,833,436
Real Estate — 0.2%
	1,000,000	Crown Castle International Corp. REIT, 3.70%, 06/15/26		1,015,367
Telecommunication Services — 2.3%
	4,000,000	America Movil Sab de CV, 2.38%, 09/08/16		4,018,548
	3,625,000	Comcast Corp., 3.15%, 03/01/26		3,796,205
	2,000,000	Discovery Communications LLC, 4.90%, 03/11/26		2,102,730
	4,000,000	Verizon Communications, Inc., 1.35%, 06/09/17		4,010,296
				13,927,779
Utilities — 1.0%
	6,000,000	Duke Energy Corp., 1.63%, 08/15/17		6,014,586
Total Corporate Bonds (Cost $249,308,610)				251,186,483
ASSET-BACKED SECURITIES — 6.9%
CAYMAN ISLANDS — 3.9%
	8,500,000	Anchorage Capital CLO Ltd., Series 2013-1A, Class 1A, 1.81%, 07/13/25(b)(c)		8,345,980
	3,555,000	CIFC Funding Ltd., Series 2013-IA, Class A1, 1.78%, 04/16/25(b)(c)		3,509,171
	6,000,000	OCP CLO Ltd., Series 2013-4A, Class A1A, 2.04%, 10/24/25(b)(c)		5,889,720
	565,765	Sapphire Valley CDO I Ltd. Series 2006-1A, Class A, 0.90%, 12/15/22(b)(c)		549,943
	5,000,000	Saratoga Investment Corp. CLO Ltd. Series 2013-1A, Class A1, 1.93%, 10/20/23(b)(c)		4,950,550
				23,245,364

Principal Amount			Value
UNITED STATES — 3.0%
$	1,885,986	Ally Auto Receivables Trust Series 2014-1, Class A3, 0.97%, 10/15/18	$	1,884,777
	1,738,522	AmeriCredit Automobile Receivables Trust Series 2014-2, Class A3, 0.94%, 02/08/19		1,735,610
	2,975,000	CNH Equipment Trust 2015-A, Class A4, 1.85%, 04/15/21		2,987,552
	2,057,718	Fifth Third Auto Trust Series 2014-2, Class A3, 0.89%, 11/15/18		2,056,864
	4,000,000	Ford Credit Floorplan Master Owner Trust Series 2015-1, Class A1, 1.42%, 01/15/20		4,000,312
	1,708,727	Mercedes-Benz Auto Receivables Trust Series 2014-1, Class A3, 0.87%, 10/15/18		1,709,496
	2,000,000	Toyota Auto Receivables Owner Trust Series 2014-B, Class A4, 1.31%, 09/16/19		2,003,285
	2,000,000	World Omni Automobile Lease Securitization Trust, Series 2014-A, Class A3, 1.16%, 09/15/17		2,001,422
				18,379,318
Total Asset-Backed Securities (Cost $41,883,697)				41,624,682
MUNICIPAL BONDS — 3.6%
California — 0.7%
	3,850,000	Southern California Public Power Authority Refunding Revenue Bonds, Series B (AGM) 6.93%, 05/15/17		4,088,931
District Of Columbia — 0.2%
	1,310,000	District of Columbia Build America Bonds GO 4.16%, 06/01/16		1,313,616
Georgia — 0.5%
	3,085,000	State of Georgia Taxable School Improvement GO, Series C-3 2.59%, 10/01/17		3,163,051
Illinois — 0.4%
	2,600,000	State of Illinois Public Improvements Revenue Bonds 1.56%, 06/15/17		2,624,752

Principal Amount			Value
New Jersey — 1.0%
$	1,500,000	County of Monmouth Build America Bonds GO 3.75%, 11/01/16	$	1,523,009
	100,000	Morris County Improvement Authority Renewable Energy Revenue Bonds (County Guaranty) 2.27%, 06/15/16		100,181
	4,600,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, Series Q 1.10%, 06/15/16		4,601,840
				6,225,030
New York — 0.4%
	2,520,000	Metropolitan Transportation Authority Highway Toll Build America Revenue Bonds 4.28%, 11/15/16		2,565,184
Ohio — 0.4%
	2,115,000	Ohio State Build America Revenue Bonds, Series 2 3.64%, 06/15/16		2,122,170
Total Municipal Bonds (Cost $21,889,232)				22,102,734
COLLATERALIZED MORTGAGE OBLIGATIONS — 0.3%
	1,936,083	JPMorgan Tax Exempt Pass Through Trust, Series 2012-AMT1, Class A, 3.00%, 01/27/38(b)		1,951,113
Total Collateralized Mortgage Obligations (Cost $1,979,372)				1,951,113
U.S. GOVERNMENT AGENCIES — 5.5%
Fannie Mae — 3.2%
	6,720,000	0.88%, 12/20/17		6,727,540
	7,575,000	1.13%, 10/19/18		7,616,897
	5,000,000	1.00%, 02/26/19		4,997,310
				19,341,747
Federal Home Loan Bank — 0.8%
	5,200,000	0.63%, 10/26/17		5,190,479
				5,190,479
Ginnie Mae — 0.0%
	230	9.00%, 02/15/20(f)		231
				231

Principal Amount			Value
Overseas Private Investment Corp. — 0.8%
$	4,628,124	5.14%, 12/15/23	$	5,068,073
				5,068,073
Private Export Funding Corp. — 0.1%
	500,000	2.25%, 12/15/17		510,818
				510,818
Small Business Administration — 0.5%
	456,690	4.73%, 02/10/19		483,869
	478,977	4.11%, 03/10/20		504,194
	1,671,135	4.08%, 03/10/21		1,776,788
				2,764,851
Tennessee Valley Authority — 0.1%
	725,000	6.25%, 12/15/17		786,563
				786,563
Total U.S. Government Agencies (Cost $33,036,572)				33,662,762
U.S. GOVERNMENT SECURITIES — 42.4%
U.S. Treasury Notes — 42.4%
	7,200,000	0.38%, 04/30/16		7,200,000
	4,180,000	0.63%, 08/15/16		4,183,398
	2,800,000	0.63%, 08/31/17		2,798,032
	2,115,000	0.88%, 11/30/17		2,120,288
	18,585,000	0.75%, 02/28/18		18,582,826
	4,300,000	0.88%, 10/15/18		4,302,352
	10,800,000	1.00%, 03/15/19		10,827,421
	26,956,000	0.88%, 04/15/19		26,919,151
	52,901,000	1.88%, 11/30/21		54,244,209
	21,540,000	0.63%, 01/15/24(d)		22,881,656
	68,115,000	2.38%, 08/15/24		71,542,002
	31,000,000	2.00%, 02/15/25		31,580,041
Total U.S. Government Securities (Cost $251,303,901)				257,181,376
GOVERNMENT BONDS — 0.2%
SOUTH KOREA — 0.2%
	1,400,000	Export-Import Bank of Korea, 4.00%, 01/11/17		1,425,358
Total Government Bonds (Cost $1,399,594)				1,425,358


(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Fund’s Board of Directors. The aggregate value of these securities is $58,867,568 which is 9.70% of net assets.
(c)	Variable rate security. Rate shown is the rate as of April 30, 2016.
(d)	Inflation protected security. Principal amount reflects original security face amount.
(e)	Rate shown represents current yield at April 30, 2016.
(f)	This security is considered either fully or partially illiquid.

AGM — Assured Guaranty Municipal Corp.

CLO — Collateralized Loan Obligation

GO — General Obligations

MTN — Medium Term Note

REIT — Real Estate Investment Trust

Portfolio diversification by Sector (Unaudited)

Sector	Percentage of Net Assets
U.S. Government Agencies and Securities	47.9	%
Corporate Bonds	41.4
Municipal Bonds	3.6
Government Bonds	0.2
Asset Backed Securities	6.9
Collateralized Mortgage Obligations	0.3
Other*	(0.3	)
	100.0	%

*	Includes cash and equivalents, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

Principal Amount			Value
MUNICIPAL BONDS — 97.6%
Alabama — 1.3%
$	5,000,000	Alabama Federal Aid Highway Finance Authority Revenue Bonds, 5.00%, 09/01/20	$	5,791,500
	3,030,000	City of Huntsville School Capital Improvements Warrants Refunding GO, 5.00%, 09/01/22		3,710,629
	2,990,000	City of Huntsville School Capital Improvements Warrants Refunding GO, 5.00%, 09/01/24		3,800,709
	3,660,000	City of Huntsville School Capital Improvements Warrants Refunding GO, 5.00%, 09/01/26		4,587,334
	1,500,000	City of Huntsville Warrants Refunding GO, Series A, 5.00%, 08/01/26		1,877,820
				19,767,992
Arizona — 1.0%
	875,000	Arizona Department of Transportation State Highway Fund Refunding Revenue Bonds, 5.00%, 07/01/25		1,113,175
	2,000,000	Arizona Department of Transportation State Highway Fund Refunding Revenue Bonds, Sub-series A, 5.00%, 07/01/21		2,380,120
	2,500,000	Arizona School Facilities Board Advance Refunding COP, Series A, 5.00%, 09/01/23		3,060,100
	1,000,000	Arizona State Board of Regents Advance Refunding COP, Series A, 5.00%, 06/01/22		1,201,200
	1,715,000	Arizona State Board of Regents Advance Refunding COP, Series A, 5.00%, 06/01/24		2,128,624
	350,000	Arizona State Board of Regents Revenue Bonds, Series 2008-C, OID, 5.88%, 07/01/24		387,849
	2,010,000	Arizona State Board of Regents Revenue Bonds, Series C, 5.00%, 07/01/17		2,110,721
	200,000	Maricopa County Community College District GO, Series C, 5.00%, 07/01/20		225,341

Principal Amount			Value
Arizona (continued)
$	2,875,000	Phoenix Civic Improvement Corp. Refunding Revenue Bonds, 5.00%, 07/01/20	$	3,340,951
				15,948,081
Arkansas — 0.2%
	590,000	Fayetteville School District No 1 Refunding GO (State Aid Withholding), 2.00%, 06/01/16		590,743
	2,160,000	Pulaski County Special School District School Improvements GO, (State Aid Withholding), 3.00%, 02/01/17		2,199,593
				2,790,336
California — 4.1%
	2,000,000	California State Public Works Board Correctional Facilities Improvements Revenue Bonds, Series D, 5.00%, 09/01/24		2,522,660
	6,250,000	California State Public Works Board Refunding Revenue Bonds, Series F, 5.00%, 05/01/24		7,848,875
	1,150,000	City of Roseville Water Utility Advance Revenue Refunding COP, 5.00%, 12/01/22		1,409,176
	9,250,000	Los Angeles Community College District Refunding GO, Series A, 5.00%, 08/01/23		11,600,610
	1,265,000	Los Angeles Department of Water Utility Improvements Refunding Revenue Bonds, Series A, 5.00%, 07/01/26		1,632,748
	1,035,000	Los Rios Community College District 2002 Election GO, Series D, 5.25%, 08/01/23		1,180,645
	1,000,000	San Diego Regional Building Authority Advance Refunding Revenue Bonds, Series A, 5.00%, 10/15/24		1,275,800
	1,300,000	San Mateo County Transportation Authority Advance Refunding Revenue Bonds, Series A, 5.00%, 06/01/23		1,629,095
	750,000	State of California Refunding GO, 5.00%, 03/01/23		928,448

Principal Amount			Value
California (continued)
$	8,000,000	State of California Refunding GO, 5.00%, 03/01/24	$	10,066,560
	8,000,000	State of California Refunding GO, 5.00%, 10/01/25		10,160,640
	10,000,000	State of California Refunding GO, Series A, (State GTY), 5.00%, 07/01/22		10,072,800
	3,000,000	University of California Refunding Revenue Bonds, Series I, 5.00%, 05/15/23		3,748,050
				64,076,107
Colorado — 1.7%
	500,000	Adams & Weld Counties School District No 27J Brighton Co. Refunding GO, Series A, (State Aid Withholding), 5.00%, 12/01/19		570,629
	300,000	City of Commerce Advance Refunding Revenue Bonds. (BAM), 5.00%, 08/01/25		377,315
	3,935,000	Colorado Higher Education Refunding COP, Series A, 5.00%, 11/01/24		4,954,204
	2,000,000	Denver City & County School District No 1 Refunding GO (State Aid Intercept Program), 5.00%, 12/01/24		2,540,000
	9,490,000	Denver City & County School District No 1 Refunding GO (State Aid Intercept Program), 5.00%, 12/01/25		12,184,116
	100,000	Denver City & County School District No 1 Refunding GO, Series C (State Aid Withholding), 5.00%, 12/01/23		125,459
	2,000,000	El Paso County School District No 38 Lewis-Palmer Refunding GO (State Aid Withholding), 4.00%, 12/01/17		2,103,520
	1,180,000	Jefferson County School District GO, Series R-1, (State Aid Withholding), 5.00%, 12/15/22		1,449,111
	1,600,000	University of Colorado Refunding Revenue Bonds, Series A (NATL-RE), 4.50%, 06/01/21		1,662,704

Principal Amount			Value
Colorado (continued)
$	370,000	University of Northern Colorado Refunding Revenue Bonds, Series A (State Higher Education Intercept Program), 3.00%, 06/01/16	$	370,744
				26,337,802
Connecticut — 2.4%
	3,100,000	State of Connecticut Special Tax Revenue Public Improvements Revenue Bonds, Series A, 5.00%, 08/01/22		3,739,995
	1,250,000	State of Connecticut Special Tax Revenue Transportation Infrastructure Advance Refunding Revenue Bonds, 5.00%, 08/01/22		1,508,063
	8,000,000	State of Connecticut Special Tax Transportation Infrastructure Refunding Revenue Bonds, 5.00%, 09/01/25		9,963,760
	2,000,000	State of Connecticut Transportation Infrastructure Refunding Revenue Bonds, 5.00%, 09/01/24		2,504,980
	8,000,000	State of Connecticut Transportation Infrastructure Revenue Bonds, Series A, 5.00%, 10/01/19		9,075,360
	5,000,000	State of Connecticut Transportation Infrastructure Revenue Bonds, Series A, 5.00%, 09/01/27		6,132,050
	5,000,000	Town of Redding School Improvement Refunding GO, 2.00%, 03/15/17		5,052,150
				37,976,358
District Of Columbia — 0.4%
	5,000,000	District of Columbia Public Improvement Revenue Bonds, Series C, 5.00%, 12/01/19		5,717,700
	1,000,000	District of Columbia Refunding Revenue Bonds, Series A, 5.00%, 12/01/20		1,177,450
				6,895,150
Florida — 2.4%
	1,000,000	County of Sarasota Refunding Revenue Bonds, 5.00%, 10/01/24		1,255,740

Principal Amount			Value
Florida (continued)
$	5,000,000	Florida State Board of Education Lottery Refunding Revenue Bonds, Series A, 5.00%, 07/01/17	$	5,251,750
	8,575,000	Florida State Board of Education Lottery Revenue Bonds, Series A, OID, 5.50%, 07/01/27		9,472,888
	4,165,000	Florida State Board of Governors Refunding Revenue Bonds, Series A, 5.00%, 07/01/16		4,195,280
	500,000	Florida Water Pollution Control Financing Corp. Water Polution Control Revenue Bonds, Series A, 4.00%, 01/15/17		512,055
	1,065,000	Hillsborough County Community Investment Tax Revenue Bonds, (AMBAC), 5.00%, 11/01/16		1,087,919
	1,200,000	Lee County School Board Refunding COP, 5.00%, 08/01/25		1,460,040
	4,000,000	Miami-Dade County Refunding GO, Series B, 5.00%, 07/01/24		5,043,200
	2,000,000	Miami-Dade County Water & Sewer Refunding Revenue Bonds, (XLCA), 5.00%, 10/01/19		2,119,140
	1,800,000	Miami-Dade County Water & Sewer Refunding Revenue Bonds, Series B, (AGM), 5.25%, 10/01/16		1,834,740
	2,000,000	Orlando Utilities Commission Refunding Revenue Bonds, Series A, 5.00%, 10/01/20		2,337,540
	500,000	Palm Beach County Revenue Bonds, Series 2, OID, 5.25%, 11/01/25		554,255
	1,975,000	State of Florida Refunding GO, Series A, 4.00%, 01/01/17		2,021,432
				37,145,979
Georgia — 1.7%
	750,000	Cherokee County Board of Education Advance Refunding GO, (State Aid Withholding), 5.00%, 02/01/23		924,735
	2,710,000	Cobb County Development Authority Advance Refunding Revenue Bonds, 5.00%, 07/15/23		3,258,423

Principal Amount			Value
Georgia (continued)
$	2,100,000	Cobb County Development Authority Advance Refunding Revenue Bonds, 5.00%, 07/15/24	$	2,558,115
	395,000	Fulton County Development Authority Georgia Tech Facilities Refunding Revenue Bonds, Series A, 4.00%, 05/01/16		394,999
	375,000	Fulton County Development Authority Georgia Tech Facilities Refunding Revenue Bonds, Series A, 5.00%, 05/01/23		460,133
	1,000,000	Fulton County Water & Sewer Refunding Revenue Bonds, 5.00%, 01/01/18		1,070,760
	1,040,000	Georgia State Road & Tollway Authority Federal Highway Grant Anticipation Refunding Revenue Bonds, Series A, 5.00%, 06/01/17		1,087,226
	1,250,000	Georgia State Road & Tollway Authority Federal Highway Grant Anticipation Revenue Bonds, Series A, 5.00%, 06/01/18		1,355,925
	5,000,000	Georgia State Road & Tollway Authority Highway Improvement Revenue Bonds, Series A, 5.00%, 06/01/20		5,602,500
	2,025,000	Georgia State Road & Tollway Authority Refunding Revenue Bonds, Series B, (State GTY), 5.00%, 10/01/19		2,308,176
	630,000	Gwinnett County Development Authority Refunding COP, Gwinnett Development Schools Project, (NATL-RE), 5.25%, 01/01/17		649,171
	1,925,000	State of Georgia Refunding GO, Series E-2, 4.00%, 09/01/18		2,070,299
	2,860,000	State of Georgia Refunding GO, Series E-2, 4.00%, 09/01/19		3,156,696
	1,500,000	State of Georgia School Improvement GO, Series B, 5.00%, 01/01/18		1,607,445
				26,504,603

Principal Amount			Value
Hawaii — 0.9%
$	5,000,000	City & County Honolulu Wastewater System Refunding Revenue Bonds, Junior Series A, 5.00%, 07/01/24	$	6,273,500
	1,000,000	State of Hawaii Department of Budget & Finance Queens Health System Refunding Revenue Bonds, Series A, 5.00%, 07/01/21		1,179,620
	400,000	State of Hawaii Refunding GO, Series DY, 5.00%, 02/01/18		429,719
	5,000,000	State of Hawaii Refunding GO, Series EP, 5.00%, 08/01/25		6,298,850
				14,181,689
Idaho — 0.2%
	1,000,000	Canyon County School District No 131 Nampa Advance Refunding GO, (School Board GTY), 5.00%, 09/15/25		1,276,580
	1,500,000	Idaho Board Bank Authority Refunding Revenue Bonds, Series D, 5.00%, 09/15/23		1,830,735
				3,107,315
Illinois — 1.2%
	1,250,000	Chicago Park District Alternative Revenue Source Refunding GO, 4.00%, 01/01/17		1,270,875
	900,000	Chicago Transit Authority Federal Transit Revenue Bonds, (AMBAC), 5.00%, 06/01/21		922,905
	1,345,000	City of Champaign Parking Facilities Improvements GO, Series 2008, 5.00%, 12/15/17		1,381,961
	2,215,000	Cook County Community College District No 508 University & College Improvements GO, 5.00%, 12/01/21		2,561,337
	2,575,000	Cook County Community College District No. 524 Moraine Valley GO, Series B, (NATL-RE), 5.00%, 12/01/25		2,739,311
	3,000,000	Illinois State Toll Highway Authority Refunding Revenue Bonds, Series B, 5.00%, 12/01/17		3,193,380

Principal Amount			Value
Illinois (continued)
$	2,000,000	Metropolitan Water Reclamation District of Greater Chicago Refunding GO, Series D, 5.00%, 12/01/22	$	2,413,060
	3,500,000	State of Illinois Public Improvement Refunding Revenue Bonds, 5.00%, 06/15/18		3,794,385
	780,000	University of Illinois College Improvement Refunding Revenue Bonds, Series A, 5.00%, 04/01/21		897,530
				19,174,744
Indiana — 1.1%
	1,050,000	Avon Community School Building Corp., First Mortgage Refunding and Improvement Revenue Bonds, (AMBAC, State Aid Withholding), 5.00%, 07/15/16		1,059,461
	650,000	Avon Community School Building Corp., First Mortgage Refunding and Improvement Revenue Bonds, (AMBAC, State Aid Withholding), 5.00%, 01/15/17		670,279
	500,000	Carmel 2002 School Building Corp. Refunding Revenue Bonds, (State Aid Withholding), 5.00%, 07/15/16		504,375
	500,000	Center Grove School Building Corp. First Mortgage Refunding Revenue Bonds, Series A (State Aid Intercept Program), 5.00%, 07/15/20		573,115
	650,000	Decatur Township Marion County Multi-School Building Corp., First Mortgage Revenue Bonds, Series B, (AGM, State Aid Withholding), 5.00%, 07/15/18		668,707
	175,000	East Noble Facilities School Building Corp., First Mortgage Refunding Revenue Bonds, (NATL-RE, State Aid Withholding), 5.00%, 07/15/16		176,577
	1,330,000	GCS School Building Corp. One, First Mortgage Refunding Revenue Bonds (State Aid Intercept Program), 5.00%, 01/15/22		1,582,447

Principal Amount			Value
Indiana (continued)
$	1,350,000	GCS School Building Corp. One, First Mortgage Refunding Revenue Bonds (State Aid Intercept Program), 5.00%, 07/15/22	$	1,623,281
	5,000,000	Indiana Finance Authority Southern Industrial Gas & Electric Refunding Revenue Bonds, Series E, 1.95%, 05/01/37(b)		5,061,300
	1,160,000	Indianapolis Local Public Improvements Bond Bank Revenue Bonds, Series B-1, 5.00%, 01/15/17		1,195,867
	500,000	Ivy Tech Community College University & College Improvements Revenue Bonds, Series R-1, 5.00%, 07/01/19		559,365
	1,060,000	Pike Township Multi-School Building Corp. School Improvements Revenue Bonds (State Aid Intercept Program), 3.00%, 07/15/16		1,065,279
	500,000	Plainfield Elementary School Building Corp., First Mortgage Refunding Revenue Bonds, (NATL-RE, School Board Resolution Funding), 5.00%, 07/15/18		504,175
	735,000	Portage Township Multi-School Building Corp., First Mortgage Refunding Revenue Bonds, (NATL-RE, School Board Resolution Funding), 5.00%, 07/15/16		741,622
	570,000	Portage Township Multi-School Building Corp., First Mortgage Refunding Revenue Bonds, (NATL-RE, School Board Resolution Funding), 5.00%, 07/15/17		600,079
	1,000,000	Warsaw Multi-School Building Corp. Revenue Bonds, Series B (State Aid Withholding), 5.75%, 07/15/26		1,081,490
				17,667,419
Iowa — 0.1%
	1,800,000	Iowa Finance Authority Water Utilities Improvements Revenue Bonds, 5.00%, 08/01/20		2,095,812

Principal Amount			Value
Kansas — 0.3%
$	1,260,000	Sedgwick County Public Building Commission Technical Education Complex Refunding Revenue Bonds, Series 2, 5.00%, 08/01/23	$	1,564,454
	2,170,000	Topeka Public Building Commission KBI Forensic Laboratory Project Revenue Bonds, 5.00%, 12/01/17		2,315,173
				3,879,627
Kentucky — 1.2%
	3,500,000	Kentucky Asset Liability Commission Federal Highway Trust First Series Revenue Bonds, 5.00%, 09/01/17		3,685,185
	8,185,000	Kentucky Asset Liability Commission Highway Trust Refunding Revenue Bonds, 5.00%, 09/01/16		8,295,170
	5,000,000	Kentucky Turnpike Authority Advance Refunding Revenue Bonds, Series A, 5.00%, 07/01/24		6,174,700
	605,000	Warren County School District Finance Corp. Refunding Revenue Bonds, Series B, (State Aid Intercept Program), 2.00%, 06/01/16		605,617
				18,760,672
Louisiana — 0.3%
	375,000	Consolidated Government of The City of Baton Rouge & Parish of East Baton Rouge Advance Refunding Revenue Bonds, Series A-1, 5.00%, 08/01/26		480,709
	2,000,000	Louisiana Public Facilities Authority Hurricane Recovery Program Revenue Bonds, (AMBAC), 5.00%, 06/01/16		2,006,880
	2,000,000	State of Louisiana Interstate 49 South Project Revenue Bonds, 5.00%, 09/01/22		2,384,900
				4,872,489
Maine — 0.6%
	4,000,000	Maine Governmental Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 10/01/16		4,072,800

Principal Amount			Value
Maine (continued)
$	2,250,000	Maine Governmental Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 10/01/19	$	2,535,480
	1,315,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 07/01/16		1,324,284
	485,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 07/01/16(c)		488,429
	670,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 07/01/17		702,695
	30,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 07/01/17(c)		31,478
	165,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 07/01/21		194,548
	5,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series A, 5.00%, 07/01/21(c)		5,964
	115,000	Maine Health & Higher Educational Facilities Authority Refunding Revenue Bonds, Series B (AMBAC, State Resolution Funding GTY), 5.00%, 07/01/16(c)		115,822
				9,471,500
Maryland — 0.4%
	1,000,000	Maryland State Department of Transportation Highway Improvement Revenue Bonds, 5.00%, 10/01/20		1,170,660
	1,300,000	State of Maryland Public Improvements GO, Series A, 5.00%, 08/01/17		1,370,811
	1,000,000	State of Maryland Public Improvements GO, Series A, 5.00%, 08/01/17		1,054,470

Principal Amount			Value
Maryland (continued)
$	2,000,000	State of Maryland School Improvements GO, Series B, 5.00%, 08/01/17	$	2,108,940
				5,704,881
Massachusetts — 6.6%
	4,000,000	Berkshire Regional Transit Authority Cash Flow Management Revenue Notes, 1.50%, 09/23/16		4,007,840
	4,000,000	City of Lawrence Refunding GO Notes, Series B, 1.75%, 09/01/16		4,012,000
	7,318,882	City of New Bedford Refunding GO Notes, 2.00%, 05/03/17		7,406,196
	7,000,000	Commonwealth of Massachusetts Advance Refunding GO, Series A, 5.00%, 07/01/25		8,978,620
	4,450,000	Commonwealth of Massachusetts Highway Improvements Revenue Bonds, Series B, 4.00%, 06/15/17		4,619,723
	4,000,000	Commonwealth of Massachusetts Highway Improvements Revenue Bonds, Series B, 5.00%, 06/15/22		4,898,680
	9,000,000	Commonwealth of Massachusetts Public Improvements GO, Series A, 5.00%, 05/01/19		10,098,180
	9,650,000	Commonwealth of Massachusetts Public Improvements GO, Series C, 5.00%, 07/01/22		11,794,713
	850,000	Commonwealth of Massachusetts Refunding GO, Series A, 5.00%, 08/01/16		859,410
	2,000,000	Commonwealth of Massachusetts Refunding GO, Series C (AMBAC), 5.50%, 12/01/24		2,635,780
	5,000,000	Greater Attleboro-Taunton Regional Transit Authority Cash Flow Management Revenue Notes, 1.50%, 08/26/16		5,009,650
	4,500,000	Lowell Regional Transit Authority Cash Flow Management Revenue Notes, 1.50%, 08/05/16		4,507,425

Principal Amount			Value
Massachusetts (continued)
$	1,000,000	Massachusetts Port Authority Refunding Revenue Bonds, Series C, 2.00%, 07/01/16	$	1,002,560
	7,780,000	Massachusetts State Water Pollution Abatement Trust Refunding Revenue Bonds, Sub-Series 16-B, 5.00%, 08/01/20		9,111,547
	500,000	Massachusetts Water Resources Authority Refunding Revenue Bonds, Series A, 5.00%, 08/01/22		612,569
	4,500,000	Massachusetts Water Resources Authority Refunding Revenue Bonds, Series A (NATL-RE, GO of Authority), 5.25%, 08/01/16		4,552,515
	1,450,000	Metrowest Regional Transit Authority Cash Flow Management Revenue Notes, 1.50%, 09/23/16		1,449,130
	13,000,000	Montachusett Regional Transit Authority Cash Flow Management Revenue Notes, 1.50%, 08/05/16		13,019,370
	3,685,000	Town of Canton Public Improvements GO, 2.00%, 03/24/17		3,728,852
				102,304,760
Michigan — 1.8%
	945,000	Brighton Area School District School Improvements GO, Series I (Q-SBLF), 5.00%, 05/01/16		945,000
	200,000	Caledonia Community Schools Refunding GO, (Q-SBLF), 5.00%, 05/01/23		242,745
	635,000	Dexter Community Schools Refunding GO (Q-SBLF), 4.00%, 05/01/18		672,859
	1,050,000	Grand Blanc Community Schools Refunding GO, (Q-SBLF), 4.00%, 05/01/16		1,050,000
	1,225,000	Grand Valley State University & College Advance Refunding Revenue Bonds, Series A, 5.00%, 12/01/25		1,524,451
	1,000,000	Grand Valley State University & College Improvements Revenue Bonds, Series A, 5.00%, 12/01/23		1,220,890
	400,000	Hudsonville Public Schools Improvements GO, (Q-SBLF), 5.00%, 05/01/18		431,719

Principal Amount			Value
Michigan (continued)
$	250,000	Hudsonville Public Schools Improvements GO, (Q-SBLF), 5.00%, 05/01/19	$	278,383
	1,295,000	Lake Shore Public Schools Refunding GO, (Q-SBLF), 3.00%, 11/01/16		1,308,753
	1,375,000	Northville Public Schools Refunding GO, (Q-SBLF), 5.00%, 05/01/18		1,484,038
	1,155,000	River Rouge School District Refunding GO, (Q-SBLF), 5.00%, 05/01/16		1,155,000
	775,000	River Rouge School District Refunding GO, (Q-SBLF), 5.00%, 05/01/18		836,458
	1,160,000	River Rouge School District Refunding GO, (Q-SBLF), 5.00%, 05/01/21		1,358,824
	2,000,000	Romulus Community Schools Refunding GO (Q-SBLF), 5.00%, 05/01/22		2,373,220
	325,000	State of Michigan Environmental Program Refunding GO, Series A, 5.00%, 05/01/16		324,999
	5,000,000	State of Michigan Trunk Line Refunding Revenue Bonds, 5.00%, 11/15/16		5,119,050
	4,530,000	University of Michigan Refunding Revenue Bonds, Series C, 4.00%, 04/01/19		4,943,136
	2,045,000	Ypsilanti School District Refunding GO (Assured GTY, Q-SBLF), 5.00%, 05/01/16		2,045,000
				27,314,525
Minnesota — 1.6%
	1,515,000	Cambridge Independent School District No 911 School Building Refunding GO, Series D, (School District Credit Program), 5.00%, 02/01/24		1,891,129
	910,000	Rockford Independent School District No. 883 Refunding GO (School District Credit Program), 5.00%, 02/01/17		939,020
	5,425,000	St. Paul Port Authority Anderson Office Building Refunding Revenue Bonds, Series 3, 5.00%, 12/01/19		6,160,576

Principal
Amount			Value
Minnesota (continued)
$	1,875,000	St. Paul Port Authority Anderson Office Building Refunding Revenue Bonds, Series 3, 5.00%, 12/01/21	$	2,236,875
	1,520,000	State of Minnesota Public Improvements COP, 4.50%, 06/01/16		1,524,803
	1,000,000	State of Minnesota Public Improvements COP, 5.00%, 06/01/23		1,228,070
	1,395,000	State of Minnesota Public Improvements COP, 5.00%, 06/01/24		1,740,960
	2,740,000	State of Minnesota Public Improvements COP, 5.00%, 06/01/25		3,391,545
	2,910,000	State of Minnesota Public Improvements COP, 5.00%, 06/01/26		3,574,993
	1,000,000	State of Minnesota Refunding Revenue Bonds, Series B, 5.00%, 03/01/21		1,183,280
	1,000,000	Waconia Independent School District No 110 Refunding GO, Series A, (School District Credit Program), 5.00%, 02/01/24		1,250,750
				25,122,001
Mississippi — 0.4%
	1,810,000	Mississippi Development Bank Department of Corrections Refunding Revenue Bonds, Series D, 5.00%, 08/01/18		1,970,909
	570,000	Mississippi Development Bank DeSoto County Highway Project Advance Refunding Revenue Bonds, Series S, (State Interception), 5.00%, 01/01/23		694,340
	310,000	Mississippi State University Educational Building Corp. Campus Improvements Project Revenue Bonds, 5.00%, 11/01/22		376,021
	2,000,000	State of Mississippi Public Improvements Revenue Bonds, Series E, 2.00%, 10/15/16		2,011,320

Principal
Amount			Value
Mississippi (continued)
$	830,000	University of Mississippi Educational Building Corp. Facilities Financing Project Advance Refunding Revenue Bonds, Series A, 5.00%, 10/01/25	$	1,048,257
				6,100,847
Missouri — 1.2%
	570,000	County of Jackson Refunding Revenue Bonds, 4.00%, 12/01/21		650,193
	300,000	County of Jackson Refunding Revenue Bonds, 4.00%, 12/01/22		345,369
	2,300,000	County of Jackson Sports Complex Project Refunding Revenue Bonds, (State Appropriation, City Appropriation), 5.00%, 12/01/26		2,841,213
	4,000,000	Hazelwood School District Refunding GO, (State Aid Direct Deposit), 5.00%, 03/01/25		5,036,640
	500,000	Jackson County Reorganized School District No. 4 Blue Springs Refunding GO, Series B, (State Aid Direct Deposit), 5.00%, 03/01/18		538,915
	915,000	Missouri State Environmental Improvement & Energy Resources Authority Advance Refunding Revenue Bonds, Series B, 5.00%, 01/01/25		1,168,986
	2,225,000	Missouri State Health & Educational Facilities Authority Columbia Arena Project Refunding Revenue Bonds, 5.00%, 10/01/19		2,523,284
	2,000,000	Missouri State Health & Educational Facilities Authority Columbia Arena Project Refunding Revenue Bonds, 5.00%, 10/01/21		2,389,860
	300,000	North Kansas City School District No 74 School Improvements Refunding GO, (State Aid Direct Deposit), 4.00%, 03/01/17		308,355

Principal
Amount			Value
Missouri (continued)
$	850,000	North Kansas City School District No 74 School Improvements Refunding GO, (State Aid Direct Deposit), 5.00%, 03/01/24	$	1,069,572
	1,800,000	North Kansas City School District No 74 School Improvements Refunding GO, (State Aid Direct Deposit), 5.00%, 03/01/25		2,231,964
				19,104,351
Montana — 0.2%
	2,625,000	Montana Department of Transportation Advance Refunding Revenue Bonds, 4.00%, 06/01/17		2,716,166
Nevada — 0.2%
	2,605,000	Clark County Water Reclamation District GO, Series A, 5.25%, 07/01/20		2,959,671
New Hampshire — 0.6%
	6,375,000	County of Merrimack Cash Flow Management GO, 1.75%, 12/29/16		6,418,414
	2,250,000	State of New Hampshire Highway Improvements Revenue Bonds, 5.00%, 09/01/19		2,528,618
				8,947,032
New Jersey — 4.5%
	240,000	Bergen County Improvement Authority Refunding Revenue Bonds, Series A (County GTY), 4.00%, 12/15/16		245,141
	200,000	Bergen County Improvement Authority Refunding Revenue Bonds, Series A (County GTY), 4.00%, 12/15/17		210,737
	1,150,000	Burlington County Bridge Commission Governmental Leasing Refunding Revenue Notes, Series A, 2.00%, 04/26/17		1,163,570
	2,000,000	Garden State Preservation Trust Refunding Revenue Bonds, Series A, 5.00%, 11/01/17		2,110,800

Principal
Amount			Value
New Jersey (continued)
$	735,000	Middlesex County Improvement Authority Regional Educational Services Refunding Revenue Bonds, (County GTY), 3.00%, 07/15/16	$	738,396
	200,000	Monmouth County Improvement Authority Refunding Revenue Bonds (County GTY, Municipal Government GTY), 5.00%, 12/01/22		245,779
	5,300,000	New Jersey Building Authority Refunding Revenue Bonds, Series A, 5.00%, 06/15/16		5,325,758
	3,175,000	New Jersey Economic Development Authority Advance Refunding Revenue Bonds, Series XX, 5.00%, 06/15/23		3,548,761
	795,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, 5.00%, 12/15/16		816,600
	560,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, 5.00%, 12/15/16		574,475
	1,090,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, 5.00%, 03/01/18(c)		1,174,421
	410,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, 5.00%, 03/01/18		433,973
	5,000,000	New Jersey Economic Development Authority School Facilities Construction Refunding Revenue Bonds, Series N-1, (AMBAC), 5.50%, 09/01/24		5,834,400
	11,690,000	New Jersey Economic Development Authority School Facility Construction Refunding Revenue Bonds, Series EE, 5.00%, 09/01/17		12,353,291

Principal
Amount			Value
New Jersey (continued)
$	505,000	New Jersey Educational Facilities Authority Higher Education Capital Improvement Revenue Bonds, 4.00%, 09/01/16	$	510,313
	6,225,000	New Jersey Educational Facilities Authority Higher Education Facilities Trust Fund Revenue Bonds, 5.00%, 06/15/16		6,255,254
	1,000,000	New Jersey Educational Facilities Authority University and College Improvements Revenue Bonds, 5.00%, 06/15/23		1,120,430
	25,000	New Jersey Environmental Infrastructure Trust Revenue Bonds, Series 2012, 5.00%, 09/01/16(c)		25,363
	1,160,000	New Jersey Environmental Infrastructure Trust Revenue Bonds, Series 2013, 5.00%, 09/01/16		1,177,040
	15,000	New Jersey Environmental Infrastructure Trust Revenue Bonds, Series A, 5.00%, 09/01/16(c)		15,218
	40,000	New Jersey Sports & Exposition Authority Refunding Revenue Bonds, Series B (State Appropriation), 5.00%, 09/01/18(c)		43,832
	1,300,000	New Jersey State Turnpike Authority Refunding Revenue Bonds, Series B, 5.00%, 01/01/20		1,477,775
	9,220,000	New Jersey State Turnpike Authority Refunding Revenue Bonds, Series C, 5.00%, 01/01/25		11,583,824
	2,000,000	New Jersey Transportation Trust Fund Authority Refunding Revenue Bonds, Series A, 5.25%, 12/15/21		2,250,640
	2,255,000	New Jersey Transportation Trust Fund Authority Refunding Revenue Bonds, Series D, 5.25%, 12/15/23		2,561,838
	1,885,000	New Jersey Transportation Trust Fund Authority Transit Improvement Revenue Bonds, Series A, (State Appropriation), 5.00%, 06/15/16		1,894,161

Principal
Amount			Value
New Jersey (continued)
$	1,500,000	New Jersey Transportation Trust Fund Authority Transit Improvements Refunding Revenue Bonds, Series A, 5.25%, 12/15/22	$	1,698,165
	500,000	New Jersey Transportation Trust Fund Authority Transit Improvements Revenue Bonds, Series B, 5.00%, 06/15/19		539,235
	825,000	New Jersey Transportation Trust Fund Authority Transportation Systems Refunding Revenue Bonds, Series B, (NATL-RE), 5.50%, 12/15/16		848,843
	750,000	New Jersey Transportation Trust Fund Authority Transportation Systems Refunding Revenue Bonds, Series B-5, 5.25%, 12/15/19(d)		822,458
	2,000,000	State of New Jersey Equipment Lease Purchase Transit Improvement COP, Series A, 5.00%, 06/15/16		2,010,080
				69,610,571
New Mexico — 0.6%
	4,805,000	City of Albuquerque General Purpose Public Improvements GO, Series A, 5.00%, 07/01/16		4,840,893
	1,000,000	Gadsden Independent School District No 16 Refunding GO, Series B (State Aid Withholding), 4.00%, 08/15/16		1,009,220
	250,000	Gadsden Independent School District No 16 Refunding GO, Series B (State Aid Withholding), 4.00%, 08/15/17		260,038
	800,000	Santa Fe Public School District School Improvements GO (State Aid Withholding), 4.00%, 08/01/16		806,824
	3,000,000	State of New Mexico Severance Tax Permanent Fund Public Improvements Revenue Bonds, Series A, 5.00%, 07/01/16		3,021,600
				9,938,575

Principal
Amount			Value
New York — 28.6%
$	4,300,000	Bridgehampton Union Free School District Cash Flow Management GO, (State Aid Withholding), 1.50%, 06/28/16	$	4,304,429
	7,500,000	City of New York Advance Refunding GO, Series 2015-A, 5.00%, 08/01/24		9,435,075
	10,000,000	City of New York Advance Refunding GO, Series A, 5.00%, 08/01/25		12,510,100
	5,000,000	City of New York Public Improvements GO, Series C, Sub-Series C-A, 5.00%, 08/01/17(d)		5,270,400
	3,330,000	City of New York Public Improvements GO, Sub-Series D-1, 5.00%, 08/01/22		4,046,250
	8,240,000	City of New York Refunding Bonds GO, Series C, 5.00%, 08/01/25		10,483,505
	5,000,000	City of New York Refunding GO, Series B, 5.00%, 08/01/17		5,270,400
	1,855,000	City of New York Refunding GO, Series C, 5.00%, 08/01/20		2,157,328
	650,000	City of New York Refunding GO, Series C, 5.00%, 08/01/22		789,809
	8,170,000	City of New York Refunding GO, Series D, 5.00%, 08/01/22		9,927,285
	1,870,000	City of New York Refunding GO, Series E, 5.00%, 08/01/16		1,890,738
	4,000,000	City of New York Refunding GO, Series E, 5.00%, 08/01/17		4,216,320
	10,000,000	City of New York Refunding GO, Series G, 5.00%, 08/01/17		10,540,800
	2,500,000	City of New York Refunding GO, Series G, 5.00%, 08/01/21		2,976,975
	18,500,000	City of New York Refunding GO, Series G, 5.00%, 08/01/22		22,479,165
	3,360,000	City of New York Refunding GO, Series I, 5.00%, 08/01/16		3,397,262
	5,000,000	Clarence Central School District Cash Flow Management GO, (State Aid Withholding), 1.75%, 06/28/16		5,005,850

Principal
Amount			Value
New York (continued)
$	4,500,000	County of Rockland Cash Flow Management Refunding GO, 2.00%, 03/16/17	$	4,541,175
	2,175,000	County of Rockland Public Improvements GO, Series C, (AGM), 3.00%, 05/01/16		2,175,000
	505,000	County of Rockland Refunding GO (BAM), 2.00%, 02/15/17		509,545
	20,000,000	County of Suffolk Cash Flow Management GO, 2.00%, 07/27/16		20,061,000
	2,000,000	Erie County Industrial Development Agency Refunding Revenue Bonds, Series B, (State Aid Withholding), 5.00%, 05/01/18		2,166,880
	5,000,000	Erie County Industrial Development Agency Refunding Revenue Bonds, Series B, (State Aid Withholding), 5.00%, 05/01/23		5,915,250
	5,240,000	Geneva City School District Cash Flow Management GO, (State Aid Withholding), 1.00%, 06/17/16		5,240,524
	650,000	Metropolitan Transportation Authority Cash Flow Management Revenue Notes, Series A-2C, 2.00%, 02/01/17		656,669
	1,925,000	Metropolitan Transportation Authority Refunding Revenue Bonds, Series F, 5.00%, 11/15/21		2,302,762
	15,000,000	Metropolitan Transportation Authority Transit Improvements Revenue Bonds, Series A-1C, 2.00%, 10/01/16		15,090,450
	1,910,000	Metropolitan Transportation Authority Transit Improvements Revenue Bonds, Series C, 5.00%, 11/15/21		2,284,818
	4,000,000	Metropolitan Transportation Authority Transit Improvements Revenue Bonds, Sub-Series 2016A-1E/A-2B, 2.00%, 10/01/16		4,024,120
	2,500,000	New York City Municipal Water Finance Authority Fiscal 2009 Revenue Bonds, Series A, 5.50%, 06/15/21		2,753,000

Principal
Amount			Value
New York (continued)
$	1,250,000	New York City Municipal Water Finance Authority Fiscal 2014 Refunding Revenue Bonds, Series CC-2, 5.00%, 06/15/18	$	1,284,275
	2,500,000	New York City Transitional Finance Authority Building Aid Revenue Public Improvements Revenue Bonds, Series S-1, (State Aid Withholding), 5.00%, 07/15/24		3,141,775
	11,030,000	New York City Transitional Finance Authority Building Aid Revenue Public Improvements Revenue Bonds, Series S-1, (State Aid Withholding), 5.00%, 07/15/25		14,030,601
	1,350,000	New York City Transitional Finance Authority Future Tax Secured Advanced Refunding Revenue Bonds, Series C, 5.00%, 11/01/23		1,689,066
	595,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds, 5.00%, 05/01/19(c)		666,097
	1,605,000	New York City Transitional Finance Authority Future Tax Secured Public Improvements Revenue Bonds, 5.00%, 05/01/22		1,799,317
	1,230,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Series B, 5.00%, 11/01/17(c)		1,305,128
	770,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Series B, 5.00%, 11/01/17		819,996
	15,920,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series B, 5.00%, 11/01/21		19,135,203
	3,025,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series G, 5.00%, 11/01/18		3,337,815

Principal
Amount			Value
New York (continued)
$	1,045,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series G, 5.00%, 11/01/19	$	1,191,175
	2,425,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series G, 5.00%, 11/01/21		2,914,753
	935,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series H, 5.00%, 11/01/18		1,031,688
	1,535,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Bonds, Sub-Series H, 5.00%, 11/01/21		1,845,009
	1,725,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Notes, 5.00%, 02/01/18		1,855,048
	225,000	New York City Transitional Finance Authority Future Tax Secured Refunding Revenue Notes, 5.00%, 02/01/18(c)		241,553
	4,700,000	New York City Transitional Finance Authority Future Tax Secured Revenue Bonds, 5.00%, 02/01/17		4,856,698
	515,000	New York City Transitional Finance Authority Future Tax Secured Revenue Bonds, Sub-Series, F-1, 5.00%, 02/01/19		573,087
	600,000	New York City Transitional Finance Authority Refunding Revenue Bonds, Sub-Series G, 5.00%, 11/01/20		704,004
	1,235,000	New York City Transitional Finance Authority School Improvement Revenue Bonds, Sub-Series S-1A, (State Aid Withholding), 5.00%, 07/15/21		1,470,749
	700,000	New York Local Government Assistance Corp. Refunding Revenue Bonds, Sub-Series A-5-6, 5.00%, 04/01/17(d)		728,245

Principal
Amount			Value
New York (continued)
$	5,100,000	New York Municipal Bond Bank Agency Refunding Revenue Bonds, (State Aid Withholding), 4.00%, 12/01/17	$	5,368,107
	10,000,000	New York Municipal Bond Bank Agency Refunding Revenue Bonds, (State Aid Withholding), 5.00%, 12/01/21		11,989,400
	9,100,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series A, 5.00%, 03/15/23		11,324,222
	7,790,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series E, 5.00%, 03/15/22		9,431,743
	14,000,000	New York State Dormitory Authority Advance Refunding Revenue Bonds, Series E, 5.00%, 03/15/24		17,586,240
	900,000	New York State Dormitory Authority Economic Development & Housing Revenue Bonds, Series A, 4.00%, 12/15/16		919,449
	15,000	New York State Dormitory Authority Mental Health Services Facility Refunding Revenue Bonds, (State Appropriation), 5.00%, 08/15/18(c)		16,424
	1,770,000	New York State Dormitory Authority Mental Health Services Facility Refunding Revenue Bonds, Series A, (State Appropriation), 4.50%, 08/15/17		1,856,518
	2,110,000	New York State Dormitory Authority Refunding Revenue Bonds, 5.00%, 08/15/18		2,302,812
	750,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A, 4.00%, 07/01/16		754,253
	15,000,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A, 5.00%, 12/15/20		17,631,900
	4,160,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A, 5.00%, 02/15/26		5,156,445

Principal
Amount			Value
New York (continued)
$	1,500,000	New York State Dormitory Authority Refunding Revenue Bonds, Series A (NATL-IBC), 5.88%, 05/15/17	$	1,540,680
	4,500,000	New York State Dormitory Authority Refunding Revenue Bonds, Series E, 5.00%, 02/15/23		5,550,885
	1,045,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series A, 5.00%, 03/15/21		1,235,859
	7,700,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series A, 5.00%, 03/15/25		9,698,458
	4,000,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series C, 5.00%, 03/15/17		4,152,120
	2,850,000	New York State Dormitory Authority School Improvement Revenue Bonds, Series G, 5.00%, 03/15/17		2,958,614
	2,000,000	New York State Environmental Facilities Corp. Refunding Revenue Bonds, 4.00%, 06/15/16		2,008,560
	3,200,000	New York State Thruway Authority Highway & Bridge Trust Fund Highway Improvements Refunding Revenue Bonds, Series B, 5.00%, 10/01/18(c)		3,519,936
	2,510,000	New York State Thruway Authority Highway & Bridge Trust Fund Highway Improvements Refunding Revenue Bonds, Series B, 5.00%, 10/01/18(c)		2,760,950
	3,800,000	New York State Thruway Authority Highway & Bridge Trust Fund Highway Improvements Refunding Revenue Bonds, Series B, 5.00%, 04/01/20		4,181,824
	2,490,000	New York State Thruway Authority Highway & Bridge Trust Fund Highway Improvements Refunding Revenue Bonds, Series B, 5.00%, 04/01/21		2,740,195

Principal
Amount			Value
New York (continued)
$	1,420,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series A, 5.00%, 03/15/17	$	1,474,003
	1,430,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series A, 5.00%, 03/15/20		1,643,313
	5,000,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series A, 5.00%, 03/15/21		5,584,300
	1,900,000	New York State Thruway Authority Highway Improvement Revenue Bonds, Series B, 5.00%, 04/01/21		2,128,361
	1,000,000	New York State Thruway Authority Refunding Revenue Bonds, 5.00%, 01/01/25		1,250,010
	400,000	New York State Thruway Authority Refunding Revenue Bonds, Series A, 5.00%, 03/15/17		415,243
	8,000,000	New York State Thruway Authority Refunding Revenue Bonds, Series A, 5.00%, 03/15/21		9,362,960
	2,000,000	New York State Urban Development Corp Advance Refunding Revenue Bonds, Series A, 5.00%, 03/15/24		2,510,640
	1,000,000	New York State Urban Development Corp. Economic Improvements Revenue Bonds, Series A1, 4.00%, 12/15/16		1,021,670
	4,705,000	New York State Urban Development Corp. Public Improvement Revenue Bonds, Series A-1, 5.00%, 03/15/22		5,705,471
	3,550,000	Port Authority of New York & New Jersey Refunding Revenue Bonds, Series 189, 5.00%, 05/01/23		4,406,367
	14,390,000	Sales Tax Asset Receivable Corp. Fiscal 2015 Refunding Revenue Bonds, Series A, 5.00%, 10/15/26		18,124,637

Principal
Amount			Value
New York (continued)
$	4,015,000	Town of North Hempstead Cash Flow Management Refunding GO, Series B, 2.00%, 04/04/17	$	4,066,151
	4,700,000	Triborough Bridge & Tunnel Authority Advance Refunding Revenue Bonds, Series A, 5.00%, 11/15/25		6,035,458
	5,390,000	Triborough Bridge & Tunnel Authority Toll Road Refunding Revenue Bonds, Series B, 5.00%, 11/15/23		6,746,016
	1,600,000	Utility Debt Securitization Authority Restructuring Refunding Revenue Bonds, 5.00%, 12/15/24		1,979,712
	1,000,000	Utility Debt Securitization Authority Restructuring Refunding Revenue Bonds, Series TE, 5.00%, 12/15/18		1,028,170
				445,212,242
North Carolina — 2.1%
	680,000	Appalachian State University Refunding Revenue Bonds, 5.00%, 05/01/20		783,292
	905,000	Buncombe County Refunding Revenue Bonds, 5.00%, 06/01/21		1,075,294
	475,000	Buncombe County Refunding Revenue Bonds, Series A, 5.00%, 06/01/16		476,686
	1,355,000	Cabarrus County School Improvement COP, 5.00%, 01/01/21		1,503,237
	1,005,000	City of Charlotte Equipment Acquisition Refunding COP, 5.00%, 12/01/16		1,030,869
	3,015,000	County of Mecklenburg Refunding GO, Series A, 5.00%, 12/01/22		3,726,510
	2,840,000	County of Wake School Improvements GO, Series A, 5.00%, 04/01/17		2,954,594
	615,000	Dare County Refunding Revenue Bonds, Series D, 4.00%, 06/01/17		637,368
	675,000	Dare County Refunding Revenue Bonds, Series D, 4.00%, 06/01/18		717,053
	675,000	Dare County Refunding Revenue Bonds, Series D, 5.00%, 06/01/21		799,457

Principal
Amount			Value
North Carolina (continued)
$	1,000,000	Durham Capital Financing Corp Advance Refunding Revenue Bonds, 5.00%, 12/01/25	$	1,280,280
	325,000	North Carolina State University At Raleigh Refunding Revenue Bonds, Series A, 5.00%, 10/01/21		389,292
	2,000,000	Orange County Public Facilities Co. Refunding Revenue Bonds, 5.00%, 10/01/21		2,393,320
	10,000,000	State of North Carolina Refunding Revenue Bonds, Series B, 5.00%, 06/01/24		12,635,000
	1,595,000	Town of Cary Public Improvements GO, 5.00%, 03/01/17		1,653,473
				32,055,725
Ohio — 2.9%
	2,500,000	City of Columbus GO, Series A, 5.00%, 02/15/22		3,036,750
	2,000,000	City of Columbus Refunding GO, Series 5, 5.00%, 08/15/23		2,506,120
	1,100,000	County of Cuyahoga Refunding Revenue Bonds, 5.00%, 12/01/22		1,355,673
	1,000,000	County of Hamilton Sewer System Refunding Revenue Bonds, Series A, 5.00%, 12/01/26		1,245,110
	1,665,000	County of Hamilton Sewer System Refunding Revenue Bonds, Series A, 5.00%, 12/01/27		2,058,256
	1,000,000	Greater Cleveland Regional Transit Authority Capital Improvements Advance Refunding Revenue Bonds, 5.00%, 12/01/23		1,244,860
	2,365,000	Ohio State Building Authority Facilities Administration Building Project Refunding Revenue Bonds, Series B, (NATL-RE, FGIC), 5.00%, 10/01/18		2,602,635
	5,000,000	Ohio State Water Development Authority Refunding Revenue Bonds, Series B, 5.00%, 06/01/22		6,103,350
	400,000	RiverSouth Authority Area Redevelopment Refunding Revenue Bonds, 4.00%, 06/01/16		401,079

Principal
Amount			Value
Ohio (continued)
$	320,000	RiverSouth Authority Area Redevelopment Refunding Revenue Bonds, 5.00%, 06/01/24	$	393,222
	1,000,000	State of Ohio Capital Facilities Lease Appropriation Refunding Revenue Bonds, 5.00%, 10/01/17		1,061,320
	5,000,000	State of Ohio Highway Improvements GO, Series Q, 5.00%, 05/01/16		5,000,000
	8,000,000	State of Ohio Highway Improvements GO, Series R, 4.00%, 05/01/16		8,000,000
	210,000	State of Ohio Highway Improvements Revenue Bonds, 5.00%, 12/15/24		265,115
	2,465,000	State of Ohio Public Improvements Revenue Bonds, Series A, 5.00%, 02/01/24		3,058,720
	500,000	State of Ohio Refunding GO, Series B, 4.00%, 08/01/16		504,265
	3,875,000	State of Ohio University & College Improvements GO, Series A, 5.00%, 05/01/16(c)		3,875,000
	1,730,000	University of Cincinnati College & University Refunding Revenue Bonds, Series A, (State Appropriation), 5.00%, 06/01/17		1,811,431
				44,522,906
Oklahoma — 0.8%
	4,400,000	Oklahoma Capital Improvement Authority Refunding Revenue Bonds, Series B, 2.00%, 07/01/16		4,409,900
	1,795,000	University of Oklahoma Refunding Revenue Bonds, Series A, 3.00%, 07/01/17		1,841,275
	2,500,000	University of Oklahoma Refunding Revenue Bonds, Series A, 5.00%, 07/01/25		3,146,175
	2,680,000	University of Oklahoma Refunding Revenue Bonds, Series C, 2.00%, 07/01/16		2,685,869
				12,083,219

Principal Amount			Value
Oregon — 0.5%
$	575,000	City of Portland Water System Refunding Revenue Bonds, 5.00%, 10/01/16	$	585,563
	1,300,000	City of Portland Water System Refunding Revenue Bonds, Series A, 5.00%, 05/01/17		1,357,135
	400,000	Clackamas County School District No 86 Canby Refunding Revenue Bonds GO, Series A, (School Board GTY), 3.00%, 06/15/17		410,503
	815,000	Lane County School District No 19 Springfield School Improvements GO, Series B, (AGM, School Board GTY), 5.00%, 06/15/17		853,248
	1,755,000	Washington & Multnomah Counties School District No 48J Beaverton Refunding GO, Series B, (School Board GTY), 4.00%, 06/15/19		1,925,095
	2,200,000	Yamhill Clackamas & Washington Counties School District No 29J Newberg Refunding GO (NATL-RE, School Board GTY), 5.50%, 06/15/17		2,315,434
				7,446,978
Pennsylvania — 0.1%
	1,000,000	Lancaster County Hospital Authority Advance Refunding Revenue Bonds, 5.00%, 08/15/26		1,267,920
Rhode Island — 0.3%
	3,000,000	Rhode Island Convention Center Authority Refunding Revenue Bonds, Series A, 5.00%, 05/15/22		3,567,030
	705,000	Rhode Island Health & Educational Building Corp. Town of East Greenwich Revenue Bonds, Series A, (Municipal Government GTY), 4.00%, 05/15/18		748,583
				4,315,613
South Carolina — 1.1%
	1,865,000	City of Charleston Waterworks & Sewer System Advance Refunding Revenue Bonds, 5.00%, 01/01/24		2,357,118

Principal Amount			Value
South Carolina (continued)
$	4,530,000	County of Charleston Refunding GO, Series A, 5.00%, 11/01/21	$	5,471,651
	880,000	Lexington County School District No 2 Refunding GO (South Carolina School District), 4.00%, 03/01/17		904,948
	2,090,000	Lexington County School District No 2 Refunding GO (South Carolina School District), 5.00%, 03/01/18		2,253,062
	1,635,000	Lexington County School District No 2 Refunding GO (South Carolina School District), 5.00%, 03/01/20		1,881,803
	330,000	State of South Carolina University & College Improvements GO, Series B, 5.00%, 03/01/19		368,831
	680,000	State of South Carolina University & College Improvements GO, Series E (State Aid Withholding), 5.00%, 03/01/19		760,016
	3,500,000	Town of Lexington Waterworks & Sewer System Refunding Revenue Notes, 2.50%, 12/01/16		3,532,760
				17,530,189
Tennessee — 0.1%
	900,000	Tennessee State School Bond Authority Refunding Revenue Bonds (State Aid Intercept Program), 5.00%, 11/01/25		1,142,883
Texas — 13.9%
	4,220,000	Alamo Community College District Refunding GO, 4.00%, 02/15/17		4,334,235
	800,000	Austin Independent School District Refunding GO (PSF-GTD), 5.00%, 08/01/16		808,792
	400,000	Beaumont Independent School District Improvements GO, (PSF-GTD), 4.00%, 02/15/18		423,239
	1,605,000	Brock Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/25		2,050,227

Principal Amount			Value
Texas (continued)
$	1,000,000	Burleson Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/01/25	$	1,270,320
	1,000,000	City of Austin Water & Wastewater System Advance Refunding Revenue Bonds, Series A, 5.00%, 11/15/21		1,198,600
	935,000	City of Conroe Public Improvements GO, 5.00%, 03/01/25		1,162,476
	830,000	City of El Paso Municipal Drainage Utility System Sewer Improvement Revenue Bonds, 5.00%, 03/01/24		1,026,444
	350,000	City of El Paso Water & Sewer Refunding Revenue Bonds, 5.00%, 03/01/25		437,189
	1,250,000	City of El Paso Water & Sewer Refunding Revenue Bonds, 5.00%, 03/01/26		1,542,763
	300,000	City of League Waterworks & Sewer GO, Series A, 5.00%, 02/15/22		359,763
	1,775,000	City of Lubbock Public Improvement GO, 5.25%, 02/15/20		1,996,502
	2,440,000	City of Plano Advance Refunding GO, 5.00%, 09/01/23		3,028,357
	1,180,000	City of Plano Waterworks & Sewer System Water Utility Improvement Revenue Bonds, 5.00%, 05/01/26		1,513,940
	800,000	City of San Antonio Water System Refunding Revenue Bonds, Series A, 3.00%, 05/15/16		800,768
	1,430,000	Clear Creek Independent School District GO, (PSF-GTD), Series B, 3.00%, 02/15/35(b)		1,465,292
	1,505,000	Clint Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 08/15/25		1,923,751
	260,000	Coppell Independent School District School Building GO, (PSF-GTD), 4.00%, 08/15/16		262,590
	875,000	County of Bexar Limited Tax Refunding GO, 3.00%, 06/15/16		877,590

Principal Amount			Value
Texas (continued)
$	1,200,000	County of Bexar Limited Tax Refunding GO, 4.00%, 06/15/16	$	1,204,932
	580,000	County of Bexar Limited Tax Refunding GO, 4.00%, 06/15/16		582,384
	4,410,000	County of Bexar Refunding GO, 5.00%, 06/15/22		5,377,554
	675,000	County of Collin Advance Refunding GO, 5.00%, 02/15/24		848,435
	1,500,000	County of Denton Advance Refunding GO, 5.00%, 07/15/24		1,882,455
	1,000,000	County of Williamson Limited Tax Refunding GO, 5.00%, 02/15/21		1,183,680
	360,000	Crystal City Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/26		449,521
	1,095,000	Cypress-Fairbanks Independent School District Refunding GO, Series A, (PSF-GTD), 4.00%, 02/15/17		1,124,379
	3,140,000	Cypress-Fairbanks Independent School District School Improvements GO, Series B-1 (PSF-GTD), 2.00%, 02/15/40(b)		3,152,654
	4,000,000	Cypress-Fairbanks Independent School District School Improvements GO, Series B-2 (PSF-GTD), 3.00%, 02/15/40(b)		4,098,920
	2,000,000	Dallas Area Rapid Transit Refunding Revenue Bonds, Series A, 5.00%, 12/01/25		2,524,540
	4,450,000	Dallas Independent School District School Improvement School Building GO, (PSF-GTD), Series B-1, 3.00%, 02/15/36(b)		4,531,613
	1,120,000	Dayton Independent School District School Improvements GO, (PSF-GTD), 5.00%, 02/15/22		1,344,493
	245,000	Deer Park Independent School District Limited Tax GO, (AGM), 5.00%, 02/15/17		253,516
	8,630,000	Denton Independent School District GO, (PSF-GTD), 2.00%, 08/01/43(b)		8,659,946

Principal Amount			Value
Texas (continued)
$	1,085,000	Denver City Independent School District School Building GO, Series A, (PSF-GTD), 5.00%, 02/15/25	$	1,366,796
	2,665,000	Eagle Mountain & Saginaw Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/25		3,393,424
	3,000,000	Edinburg Consolidated Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/25		3,776,400
	1,500,000	El Paso Independent School District Refunding GO (PSF-GTD), 5.00%, 08/15/25		1,874,235
	520,000	Forsan Independent School District Refunding GO (PSF-GTD), 4.00%, 02/15/17		533,952
	885,000	Frenship Independent School District Refunding GO (PSF-GTD), 5.00%, 02/15/26		1,091,895
	250,000	Frisco Independent School District School Building GO, Series A, (PSF-GTD), 6.13%, 08/15/21		280,325
	1,385,000	Goose Creek Consolidated Independent School District Advance Refunding GO, (PSF-GTD), Series A, 5.00%, 02/15/25		1,762,773
	13,000,000	Goose Creek Consolidated Independent School District School Improvements GO, Series B, (PSF-GTD), 3.00%, 02/15/35(b)		13,320,840
	1,000,000	Harris County Refunding GO, Series C, (AGM), 5.25%, 08/15/19		1,141,340
	500,000	Hidalgo County Certificates of Obligation GO, (NATL-RE), 4.50%, 08/15/19		505,639
	2,990,000	Houston Community College System Student Fee Revenue Bonds, Senior Lien, (AGM), 5.25%, 04/15/21		3,241,698
	3,750,000	Houston Independent School District School Improvement Refunding GO, (PSF-GTD), Series A, 5.00%, 02/15/25		4,758,825

Principal Amount			Value
Texas (continued)
$	2,455,000	Irving Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/24	$	3,079,626
	585,000	Kaufman Independent School District School Building Refunding GO, (PSF-GTD), 5.00%, 02/15/24		733,356
	500,000	Kaufman Independent School School Building District Refunding GO, (PSF-GTD), 5.00%, 02/15/25		634,509
	5,000,000	Klein Independent School District Advance Refunding GO, (PSF-GTD), Series A, 5.00%, 08/01/26		6,318,450
	1,750,000	Lamar Consolidated Independent School District School Improvements GO, Series A, (PSF-GTD), 2.00%, 08/15/47(b)		1,757,053
	1,860,000	Longview Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/23		2,288,953
	1,760,000	Longview Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/24		2,206,336
	1,335,000	Longview Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/26		1,712,364
	4,500,000	Lower Colorado River Authority Refunding Revenue Bonds, 5.00%, 05/15/16		4,507,425
	2,670,000	Magnolia Independent School District School Improvement Advance Refunding GO, (PSF-GTD), 5.00%, 08/15/25		3,412,901
	1,085,000	Mercedes Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 08/15/22		1,319,035
	1,405,000	Mission Consolidated Independent School District Refunding Revenve Bonds, (PSF-GTD), 3.25%, 02/15/17		1,434,505
	8,585,000	North East Independent School District School Improvements GO, Series B, (PSF-GTD), 2.00%, 08/01/42(b)		8,614,790

Principal Amount			Value
Texas (continued)
$	1,505,000	Northside Independent School District School Improvements GO, (PSF-GTD), 5.00%, 08/15/26	$	1,955,115
	1,145,000	Palestine Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/23		1,404,915
	250,000	Pasadena Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/22		301,655
	1,105,000	Pasadena Independent School District GO, (PSF-GTD), 5.00%, 02/15/17		1,143,233
	750,000	Pharr San Juan Alamo Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/01/27		933,690
	1,525,000	Plano Independent School District School Improvement GO, (PSF-GTD), 5.00%, 02/15/23		1,876,696
	2,595,000	Port Arthur Independent School District Advance Refunding GO, (PSF-GTD), Series B, 5.00%, 02/15/25		3,278,419
	1,000,000	Prosper Independent School District School Building School Improvement GO, (PSF-GTD), 5.00%, 02/15/25		1,257,870
	265,000	Red Oak Independent School District School Improvements GO (PSF-GTD), 5.00%, 08/15/17(c)		279,395
	260,000	Red Oak Independent School District School Improvements GO (PSF-GTD), 5.00%, 08/15/18		274,466
	925,000	Roma Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/22		1,120,194
	1,020,000	Roma Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/23		1,258,211
	1,075,000	Roma Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/24		1,350,738
	1,000,000	Roma Independent School District Refunding GO, (PSF-GTD), 5.00%, 08/15/25		1,270,390

Principal Amount			Value
Texas (continued)
$	705,000	San Elizario Independent School District School Improvements GO, (PSF-GTD), 5.00%, 05/01/25	$	896,880
	145,000	Seagraves Independent School District School Building GO, (PSF-GTD), 4.00%, 02/15/19		156,441
	2,695,000	State of Texas Public Finance Authority Refunding GO, 5.00%, 10/01/20		3,154,929
	6,500,000	State of Texas Transportation Commission Highway Improvement GO, 5.00%, 04/01/25		8,309,340
	1,390,000	Texas State University Systems University and College Improvement Revenue Bonds, 5.00%, 03/15/17		1,443,098
	6,950,000	Texas Transportation Commission State Highway Fund First Tier Advance Refunding Revenue Bonds, 5.00%, 10/01/20		8,139,354
	5,785,000	Texas Transportation Commission State Highway Fund First Tier Advance Refunding Revenue Bonds, 5.00%, 10/01/24		7,363,090
	1,070,000	Texas Transportation Commission State Highway Fund Highway Improvements First Tier Revenue Bonds, 5.00%, 04/01/17		1,113,175
	3,150,000	Tomball Independent School District School Improvements GO, Series B-3, (PSF-GTD), 2.00%, 02/15/43(b)		3,162,695
	4,850,000	Tyler Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/15/23		5,954,442
	500,000	United Independent School District GO, (PSF-GTD), 5.00%, 08/15/22		611,895
	1,680,000	United Independent School District GO, (PSF-GTD), 5.00%, 08/15/23		2,094,574
	1,235,000	United Independent School District GO, (PSF-GTD), 5.00%, 08/15/24		1,565,980
	2,085,000	United Independent School District GO, (PSF-GTD), 5.00%, 08/15/25		2,675,430

Principal Amount			Value
Texas (continued)
$	1,700,000	University of North Texas Refunding Revenue Bonds, 5.00%, 04/15/20	$	1,954,694
	4,580,000	University of North Texas Refunding Revenue Bonds, 5.00%, 04/15/21		5,408,659
	2,075,000	University of Texas Financing Systems Refunding Revenue Bonds, Series A, 5.00%, 08/15/17		2,190,723
	145,000	Victoria Utility System, Water & Wastewater Authority Refunding Revenue Bonds, (AMBAC), 5.00%, 12/01/17		154,748
	1,370,000	Wichita Falls Independent School District Advance Refunding GO, (PSF-GTD), 5.00%, 02/01/25		1,747,271
	1,210,000	Wichita Falls Independent School District School Improvements GO (PSF-GTD), 5.00%, 02/01/23		1,491,023
				216,062,733
Utah — 0.2%
	1,975,000	Alpine School District School Building GO, (School Board GTY), 5.00%, 03/15/21		2,242,692
	1,085,000	Uintah County School District Refunding GO, (School Board GTY), 5.00%, 02/01/24		1,362,749
				3,605,441
Virginia — 3.5%
	155,000	City of Norfolk Water Refunding Revenue Bonds, 5.00%, 11/01/22		187,459
	5,000,000	County of Arlington Refunding GO, Series B, 5.00%, 08/15/25		6,485,600
	600,000	County of Prince William Facilities Refunding COP, 4.00%, 10/01/17		627,695
	1,350,000	Fairfax County Economic Development Authority Community Services Facilities Project Revenue Bonds, Series A, 4.50%, 03/01/20		1,527,417

Principal Amount			Value
Virginia (continued)
$	1,170,000	Prince William County Industrial Development Authority Public Improvements Refunding Revenue Bonds, Series A, 5.00%, 10/01/24	$	1,484,941
	2,000,000	Virginia College Building Authority Public Higher Education Refunding Revenue Bonds, Series B (State Interception), 5.00%, 09/01/21		2,331,300
	5,000,000	Virginia Commonwealth Transportation Board Transit Improvements Revenue Bonds, 5.00%, 03/15/23		6,025,500
	2,465,000	Virginia Public Building Authority Revenue Bonds, Series A, 5.00%, 08/01/21		2,942,199
	1,250,000	Virginia Public Building Authority Revenue Bonds, Series B (State Appropriation), 5.00%, 08/01/21		1,412,925
	2,450,000	Virginia Public School Authority Advance Refunding Revenue Bonds, (State Aid Withholding), 5.00%, 08/01/24		3,099,373
	5,000,000	Virginia Public School Authority Refunding Revenue Bonds, Series A, (State Aid Withholding), 5.00%, 08/01/25		6,405,300
	8,010,000	Virginia Public School Authority School Improvements Revenue Bonds, Series II, 5.00%, 04/15/17		8,347,061
	1,150,000	Virginia Resources Authority Refunding Revenue Bonds, 5.00%, 11/01/25		1,463,490
	10,000,000	Virginia Resources Authority Refunding Revenue Bonds, Series B, 5.00%, 10/01/25		12,700,800
				55,041,060
Washington — 3.3%
	1,025,000	Benton County School District No 17 Kennewick School Improvements GO, (School Board GTY), 5.00%, 12/01/21		1,230,748

Principal Amount			Value
Washington (continued)
$	430,000	Benton County School District No 17 Kennewick School Improvements GO, (School Board GTY), 5.00%, 12/01/23	$	533,557
	100,000	CDP-King County III Lease King Street Center Project Refunding Revenue Bonds, (NATL-RE), 5.00%, 06/01/17		104,485
	2,525,000	Clark County School District No 117 Camas Refunding GO, (School Board GTY), 5.00%, 12/01/17		2,693,923
	5,500,000	Energy Northwest Refunding Revenue Bonds, 5.00%, 07/01/25		7,022,455
	800,000	Island County School District No 201 Oak Harbor School Improvements GO, (School Board GTY), 5.00%, 12/01/16		820,408
	680,000	King County Public Transportation Sales Tax Refunding GO, 4.00%, 12/01/18		736,073
	1,035,000	King County Refunding GO, 5.00%, 07/01/25		1,323,258
	1,500,000	King County School District No. 414 Lake Washington GO, (School Board GTY), 5.00%, 12/01/20		1,659,840
	1,180,000	Nooksack Valley School District No 506 School Improvements GO, (School Board GTY), 5.00%, 12/01/24		1,475,590
	1,000,000	Pierce County School District No 403 Bethel Refunding GO, (School Board GTY), 3.00%, 06/01/16		1,001,970
	5,000,000	Snohomish County School District No 201 Refunding GO (School Board GTY), 5.00%, 12/01/25		6,261,400
	1,315,000	Spokane County School District No 363 West Valley Refunding GO, (School Board GTY), 5.00%, 12/01/18		1,451,208
	5,000,000	State of Washington Advance Refunding GO, Series B, 5.00%, 07/01/26		6,346,550
	1,000,000	State of Washington Public Improvements Advance Refunding COP, (State Higher Education Intercept Program), 3.00%, 07/01/17		1,026,720

Principal Amount			Value
Washington (continued)
$	2,000,000	State of Washington Refunding GO, Series R-2012C, 5.00%, 07/01/23	$	2,437,880
	9,375,000	State of Washington Senior 520 Corridor Program Highway Improvements Revenue Bonds, 5.00%, 09/01/16		9,508,969
	3,250,000	State of Washington Senior 520 Corridor Program Highway Improvements Revenue Bonds, 5.00%, 09/01/19		3,669,510
	1,435,000	Washington Health Care Facilities Authority Advance Refunding Revenue Bonds, Series B, 5.00%, 08/15/24		1,791,755
				51,096,299
West Virginia — 0.0%
	125,000	West Virginia University Revenue Bonds, Series A, (NATL-RE), 5.50%, 04/01/17		130,551
Wisconsin — 1.0%
	3,000,000	Milwaukee Redevelopment Authority Public Schools Refunding Revenue Bonds, 4.00%, 08/01/16		3,023,760
	1,925,000	State of Wisconsin Public Improvements GO, Series A, 5.00%, 05/01/16		1,925,000
	10,000,000	State of Wisconsin Refunding GO, Series 1, 5.00%, 05/01/16		10,000,000
				14,948,760
Total Municipal Bonds (Cost $1,475,876,052)				1,516,939,574
U.S. GOVERNMENT SECURITIES — 1.0%
U.S. Treasury Notes — 1.0%
	450,000	0.38%, 10/31/2016		449,895
	1,700,000	1.00%, 09/30/2016		1,704,184
	13,200,000	2.25%, 11/15/2024		13,726,456
Total U.S. Government Securities (Cost $15,315,340)				15,880,535

Shares			Value
INVESTMENT COMPANY — 5.7%
	88,881,600	SEI Daily Income Trust Government II Fund, Class A, 0.01%(e)	$	88,881,600
Total Investment Company (Cost $88,881,600)				88,881,600
TOTAL INVESTMENTS — 104.3% (Cost $1,580,072,992)(a)			$	1,621,701,709
LIABILITIES IN EXCESS OF OTHER ASSETS — (4.3)%				(67,446,752	)
NET ASSETS — 100.0%			$	1,554,254,957

(a)	Cost for federal income tax purposes is $1,580,112,434 and net unrealized appreciation of investments is as follows:

Unrealized appreciation	$	42,630,723
Unrealized depreciation		(1,041,448	)
Net unrealized appreciation	$	41,589,275

(b)	Variable rate security. Rate shown is the rate as of April 30, 2016.
(c)	These securities are pre-refunded; the date shown represents the pre-refunded date. Bonds which are pre-refunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
(d)	The security is subject to remarketing prior to its stated maturity, and is subject to mandatory redemption at the stated maturity date.
(e)	Rate shown represents current yield at April 30, 2016.

AGM — Assured Guaranty Municipal Corp.

AMBAC — Insured by AMBAC Indemnity Corp.

BAM — Build America Mutual Assurance Co.

COP — Certificates of Participation

FGIC — Insured by Financial Guaranty Insurance Corp.

GO — General Obligations

GTY — Guaranty

NATL-RE — Insured by National Public Finance Guarantee Corp.

NATL-IBC — Insured by National Public Finance Guarantee Corp.

OID — Original Issue Discount

PSF-GTD — Permanent School Fund Guarantee

Q–SBLF — Qualified-School Bond Loan Fund

XLCA — XL Capital Insurance

Portfolio diversification by State (Unaudited)

State	Percentage of Net Assets
Alabama		1.3	%
Arizona		1.0	%
Arkansas		0.2	%
California		4.1	%
Colorado		1.7	%
Connecticut		2.4	%
District Of Columbia		0.4	%
Florida		2.4	%
Georgia		1.7	%
Hawaii		0.9	%
Idaho		0.2	%
Illinois		1.2	%
Indiana		1.1	%
Iowa		0.1	%
Kansas		0.3	%
Kentucky		1.2	%
Louisiana		0.3	%
Maine		0.6	%
Maryland		0.4	%
Massachusetts		6.6	%
Michigan		1.8	%
Minnesota		1.6	%
Mississippi		0.4	%
Missouri		1.2	%
Montana		0.2	%
Nevada		0.2	%
New Hampshire		0.6	%
New Jersey		4.5	%
New Mexico		0.6	%
New York		28.6	%
North Carolina		2.1	%
Ohio		2.9	%
Oklahoma		0.8	%
Oregon		0.5	%
Pennsylvania		0.1	%
Rhode Island		0.3	%
South Carolina		1.1	%
Tennessee		0.1	%
Texas		13.9	%
Utah		0.2	%
Virginia		3.5	%
Washington		3.3	%
West Virginia		0.0	%
Wisconsin		1.0	%
Other*		2.4	%
		100.0	%

*	Includes cash and equivalents, investment companies, U.S. government securities, pending trades and Fund share transactions, interest and dividends receivable and accrued expenses payable.

Old Westbury Funds, Inc. (the “Corporation”) was organized as a Maryland corporation on August 26, 1993 and commenced operations on October 22, 1993. The Corporation is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Corporation’s Articles of Restatement, as amended, permit the Corporation’s Board of Directors (the “Board”) to create an unlimited number of series, each with one or more separate classes of shares. At April 30, 2016, the Corporation consisted of six separate investment portfolios (each series individually referred to as a “Fund” and collectively as the “Funds”) shown below:

The Corporation has authorized a total of 20 billion shares of common stock (par value $0.001 per share).

Under the Corporation’s organizational documents, its Officers and Directors are indemnified against certain liabilities arising out of the performance of their duties for the Corporation. In addition, in the normal course of business, the Corporation enters into contracts with vendors and others that provide for general indemnifications. The Corporation’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Corporation. However, based on experience, the Corporation expects the risk of loss to be remote.

The consolidated financial statements of the Strategic Opportunities Fund include the financial results of its wholly-owned subsidiary (organized under the laws of the Cayman Islands), OWF Strategic Opportunities Fund Ltd. (the “Subsidiary”). All material intercompany accounts and transactions have been eliminated. The Subsidiary commenced operations on May 1, 2015. The Strategic Opportunities Fund commenced reporting on a consolidated basis as of such commencement date. The Subsidiary is a commodity pool, as defined in the regulations of the Commodity Futures Trade Commission (the “CFTC”), and is operated by Bessemer Investment Management LLC (“BIM”) or the (“Adviser”), a commodity pool operator registered with the CFTC effective January 1, 2013. The Strategic Opportunities Fund seeks to gain exposure to commodities through direct investments in commodities-related instruments, derivatives and other investments and through investments in the Subsidiary. The Subsidiary has the same investment goal as the Strategic Opportunities Fund. The Subsidiary pursues its investment goal by investing in commodities-related instruments, derivatives and other investments. The Subsidiary (unlike the Strategic Opportunities Fund) may invest without limitation in these instruments. However, the Subsidiary is otherwise subject to the same fundamental, non-fundamental and certain other investment restrictions as the Strategic Opportunities Fund. The portion of the Strategic Opportunities Fund’s or Subsidiary’s assets exposed to any particular commodity, derivative or other investment will vary based on market conditions, but from time to time some exposure could be substantial. To the extent of the Strategic Opportunities Fund’s investment through the Subsidiary, it will be subject to the risks associated with the derivatives and other instruments in which the Subsidiary invests. As of April 30, 2016, the Subsidiary represented $94,318,466 or 1.36% of the Strategic Opportunities Fund’s net assets.

The following is a summary of the significant accounting policies followed by the Corporation in the preparation of its financial statements. The policies are in conformity with accounting principles generally accepted in the U.S. (“GAAP”). The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification is the exclusive reference of authoritative GAAP recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants such as the Corporation.

In August 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” Under GAAP, a reporting entity’s continued existence is the basis for preparing financial statements as a going concern (commonly referred to as the going concern basis of accounting) unless and until the entity’s liquidation becomes imminent. This ASU provides guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related disclosures in the entity’s financial statements. The ASU becomes effective for all entities for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Management is evaluating the impact of this guidance on the Funds’ financial statement disclosures.

A. Valuation of Investments. Readily marketable equity securities listed on an exchange are valued, except as indicated below, at the last sale price reflected at the close of the regular trading session of the exchange on the business day as of which such value is being determined, and securities listed on NASDAQ are valued at the NASDAQ Official Closing Price (“NOCP”) and, if no NOCP is available, then at the last reported sales price. If there has been no sale on such day, the securities are valued at the mean of the closing bid and asked prices on such day. If no bid or asked prices are quoted on such day, then the securities are valued using a broker-dealer quote or an approved pricing service. Equity securities traded on more than one national securities exchange are valued at the last sale price on the business day as of which such value is being determined as reflected on the tape at the close of the exchange representing the principal market for such securities.

Readily marketable equity securities traded in the over-the-counter market (“OTC”), including listed securities whose primary market is believed by BIM, or a sub-adviser, as applicable, to be over-the-counter, are valued at the mean of the latest bid and asked prices using a broker-dealer or an approved pricing service.

Shares of open-end investment companies are valued at the latest net asset value (“NAV”) reported by the investment company. Shares of investment companies that are traded intra-day on an exchange (e.g., exchange traded funds) will be valued at the last sale price as reflected at the close of the regular trading session of such exchange.

Debt instruments are valued on the basis of prices obtained from a broker-dealer or an approved pricing service.

Foreign securities generally are valued in their national currency at the latest available quoted sale price as of the close of trading on the foreign exchange or other principal market on which the security is traded. In the absence of current trade activity, the securities will be valued at the mean of the latest bid/ask quotations. As described below, this value is then converted into its U.S. dollar equivalent using the daily rate of exchange at the time of a Fund’s NAV calculation (normally 4:00 p.m. Eastern Time).

Forward currency contracts are valued at the mean between the bid and the asked prices. Quotations are available for regularly scheduled settlement dates such as on a 1-,2-,3-,4-,5-,6-,9-, and 12-month basis. Over-the-counter derivatives, such as swaps and non-exchange traded options and futures are valued on the basis of counterparty valuation quotations or dealer quotations, subject to review by BIM, or a sub-adviser with BIM’s oversight where appropriate. An approved pricing service may also be used to price these instruments. Exchange-traded swaps, options and futures contracts and options thereon are valued at their last sale or settlement price as of the close of such exchanges or, if no sales are reported, at the mean between the last reported bid and asked prices. Repurchase agreements are valued at the original cost. Contracts for long puts and calls are valued at the bid price and short puts and calls are valued at the offering price of a broker-dealer or an exchange. Generally, options, rights/warrants and other “when-issued” securities follow the same pricing methods as equity securities.

Securities and other investments for which market quotations are not readily available are valued under the general supervision and responsibility of the Board and pursuant to policies and procedures established by the Board, which are designed to reflect, in good faith, the fair value of such investments. A market quotation is considered not readily available if, among other circumstances, the most recent reported price is deemed unreliable. For example, securities that may be subject to fair valuation include, but are not limited to: (1) securities in which trading has been halted pending further news; (2) illiquid securities in which there is no trading market and no broker coverage; (3) stale priced securities; (4) securities that may have defaulted or de-listed from an exchange and are no longer trading; (5) any other security for which the Funds’ Pricing Committee, with input from the Adviser or sub-advisers, as applicable, believes that the last trading price does not represent a reliable current price; or (6) other investments, including derivatives for which readily available market quotations are not generally available.

In addition, a Fund may fair value securities that trade on a foreign exchange because a significant event has occurred after the foreign exchange closes but before the time as of which a Fund’s share price is calculated. Foreign exchanges typically close before the time as of which Fund share prices are calculated, and may be closed altogether on some days a Fund is open. Such significant events affecting a foreign security may include, but are not limited to: (1) those relating to a single issuer; (2) governmental actions that affect securities in one sector or country; (3) natural disasters or armed conflicts affecting a country or region; or (4) significant market fluctuations. There is no single standard for determining the fair value of a security or investment, but, rather, several factors are considered including an evaluation of the forces that influence the market in which the security or investment is purchased or sold, in determining whether a market price is readily available and, if not, the security’s or other investment’s fair value.

In light of the judgment involved in fair value decisions, there can be no assurances that a fair value assigned to a particular security reflects a price for which a security has traded or will trade. Accordingly, when a Fund uses fair value to price securities, it may value those securities higher or lower than another fund that uses market quotations to price the same securities.

In the event of a change in the S&P 500 Index that is greater than predetermined levels approved by the Board, the Funds will utilize an approved pricing service that has been designated to determine fair value to price securities traded on any overseas exchange. Pricing Service Vendors base their valuations on a number of factors, including, but not limited to, actual transaction data, benchmark yields, market bids, market offers, quotations from dealers, credit risk spreads, interest rate spreads, proprietary pricing models, cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements, specific deal information and other relationships observed in markets of comparable securities. In addition, foreign securities held by a Fund may trade on weekends or other days when the Fund does not calculate NAV. As a result, the market value of these investments may change on days when shares of the Fund cannot be bought or sold. Such fair valuations are categorized as Level 2 in the fair value hierarchy. Foreign securities that are valued based on market quotations are categorized as Level 1 in the fair value hierarchy. The Large Cap Core Fund, Large Cap Strategies Fund, Small & Mid Cap Fund and the Strategic Opportunities Fund utilized a systematic fair valuation model provided by an independent third-party vendor to fair value certain securities 27 days during the six months ended April 30, 2016. As a result, on days when the index change exceeds predetermined levels, certain securities held by the Funds were transferred from Level 1 into Level 2. On any subsequent day when such index level is not exceeded, certain securities held by the Funds were transferred from Level 2 back into Level 1. As of April 30, 2016, foreign securities were not fair valued as the change in the S&P 500 Index did not exceed the Funds’ predetermined level. There were no other transfers between Level 1 and Level 2 during the six months ended April 30, 2016.

The fair value of investments is determined in accordance with the valuation policies and procedures approved by the Board. The Funds’ Pricing Committee established by the Board (the “Pricing Committee”) reviews pricing methodologies on at least a quarterly basis. The Pricing Committee is responsible for (i) establishing valuation processes and (ii) determining the fair value of the Funds’ holdings for which price quotations are not readily available, unreliable or for which an approved valuation method is deemed not to represent fair value. These investments are either categorized as Level 2 or 3 depending on the observability of the inputs used. The Pricing Committee may consider one or more factors in determining an investment’s fair value. The factors to be taken into account, to the extent relevant, typically include, but are not limited to: fundamental analytical data relating to the investment, the nature and duration of any restrictions on disposition of the investments, an evaluation of the forces that influence the market in which the investments are purchased or sold, the type of investment, financial statements and company filings, lack of marketability, the cost at date of purchase, good faith recommendation of BIM or a sub-adviser, as applicable, and any other relevant matters. When the fair valuation of investments use significant unobservable inputs, such investments will be categorized as Level 3 in the fair value hierarchy.

The significant unobservable inputs used in fair value measurement of the Funds’ Level 3 investments may include, where applicable: (i) an estimation of a normalized earnings level or projected cash flows for the company; (ii) the discounts applied to the last available price of the investment or a selection of comparable investments due to the lack of marketability of the investment; (iii) values or bid offers by dealers or other third parties; and (iv) the value associated with the latest round of financing. Significant changes in any of those inputs in isolation may result in a significantly lower or higher fair value measurement. Generally, a change in the assumptions used for the normalized earnings level will be accompanied by a directionally similar change in the discounts applied to the list of comparable investments.

The Funds’ Pricing Committee employs various methods for calibrating the valuation approach related to investments categorized within Level 3 in the fair value hierarchy. These methods may include regular due diligence of the Funds’ pricing vendors including back testing of trigger related fair value prices, a regular review of key inputs and assumptions, reviews of missing and stale prices and price variance analysis, including investigation of unusual or unexpected pricing changes and reviews of any market related activities. Additionally, the pricing of all fair value holdings is subsequently reviewed and approved by the Funds’ Board.

B. Security Transactions and Related Investment Income. Security transactions are accounted for no later than the first NAV calculation on the first business day following the trade date. However, for financial reporting purposes, portfolio securities transactions are reported on trade date. Realized gains and losses on security transactions are determined using the identified cost method. Dividend income and other distributions from portfolio securities are recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend dates may have passed are recorded as soon as the Funds are informed of the dividends. Upon notification from issuers, some of the dividend income received from a real estate investment trust may be redesignated as a reduction of cost of the related investment and/or realized gain. Dividend income is recorded net of foreign taxes withheld where recovery of such taxes is not assured. Interest income is recognized on an accrual basis and includes where applicable, the amortization of premiums and accretion of discounts.

C. Payment-In-Kind Securities. The Funds may invest in payment-in-kind securities (“PIKs”). PIKs give the issuer the option at each interest payment date of making interest payments in either cash or additional debt securities. Those additional debt securities usually have the same terms, including maturity dates and interest rates, and associated risks as the original bonds. The daily market quotations of the original bonds may include the accrued interest (referred to as a dirty price) and require a pro-rata adjustment from the unrealized appreciation or depreciation on investments to interest receivable on the Statement of Assets and Liabilities.

For the six months ended April 30, 2016, there were no in-kind payments received by the Funds with respect to PIK securities.

D. Foreign Currency Transactions. The books and records of the Funds are maintained in U.S. dollars. Investments and other assets and liabilities of the Funds denominated in a foreign currency, if any, are translated into U.S. dollars at current exchange rates as of the date of the Statements of Assets and Liabilities. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars at the exchange rate on the dates of the transactions.

The Funds do not isolate the portion of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and change in unrealized gain/(loss) on investments, securities sold short, swap agreements, futures contracts and written options in the Statements of Operations.

Foreign security and currency transactions may involve certain risks not typically associated with those of U.S. companies, including the level of governmental supervision and regulation of foreign securities markets and the possibility of political and economic instability.

E. Securities Sold Short. The Funds may sell securities short. A short sale is a transaction in which a Fund sells securities it does not own, but has borrowed, in anticipation of a decline in the market price of the securities. A Fund is obligated to replace the borrowed securities at their market price at the time of settlement. A Fund’s obligation to replace the securities borrowed in connection with a short sale will be fully secured by collateral deposited with the broker. Short sales by a Fund involve certain risks and special considerations.

The Funds may not always be able to close out a short position on favorable terms. Short sales involve the risk that a Fund will incur a loss by subsequently buying a security at a higher price than the price at which it sold the security short. The amount of such loss is theoretically unlimited (since it is limited only by the increase in value of the security sold short by a Fund). In contrast, the risk of loss from a long position is limited to a Fund’s investment in the long position, since its value cannot fall below zero. Short selling is a form of leverage which may lead to higher volatility of a Fund’s NAV or greater losses for a Fund. To mitigate leverage risk, a Fund will always hold liquid assets (including its long positions) at least equal to its short position exposure, marked-to-market daily.

F. Collectibles. The Strategic Opportunities Fund may invest in collectibles, which are rare objects collected by investors. They can include stamps, coins, books, oriental rugs, antiques, sports and other memorabilia, photographs, art and wine. Collectibles are generally expected to rise in value during inflationary periods when investors are trying to move to assets viewed as

an inflation hedge. Generally, collectibles can be expected to drop in value during periods of low inflation. Collectible trading for profit is subject to certain risks and other considerations, including that collectibles: (i) have limited buying and selling markets; (ii) are often bought and sold at auction and subject to buyer and/or seller premiums; (iii) experience periods of high and low demand; (iv) must be insured, physically held and properly maintained; (v) may need to have their authenticity and provenance verified from time to time; and (vi) may not have representative market valuations available. The Strategic Opportunities Fund does not currently intend to invest more than 5% of its total assets in collectibles. As of April 30, 2016, the Strategic Opportunities Fund held no collectibles.

G. Commodities. In order to gain exposure to the commodities markets, the Strategic Opportunities Fund, directly or through its Subsidiary, may invest in commodities-related instruments, derivatives and other investments. Commodities are assets that have tangible properties, such as oil, agriculture products and precious metals. The value of commodities may be affected by, among other things, changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. These factors may have a larger impact on commodity prices and commodity-linked instruments than on traditional securities. Certain commodities are also subject to limited pricing flexibility because of supply and demand factors. Others are subject to broad price fluctuations as a result of the volatility of the prices for certain raw materials and the instability of supplies of other materials. These additional variables may create additional risks which subject the Strategic Opportunities Fund and its Subsidiary’s investments to greater volatility than investments in traditional securities.

H. Inflation-Protected Securities. The Funds may invest in inflation-protected securities, which unlike traditional debt securities that make fixed or variable principal and interest payments, are structured to provide protection against the negative effects of inflation. The value of the debt securities’ principal is adjusted to track changes in an official inflation measure. For example, the U.S. Treasury currently uses the Consumer Price Index for Urban Consumers as a measure of inflation for Treasury Inflation-Protected Securities (“TIPS”). Other inflation-protected securities may not carry a similar guarantee by their issuer. A Fund may buy TIPS that are designed to provide an investment vehicle that is not vulnerable to inflation. The interest rate paid by TIPS is fixed. The principal value rises or falls semi-annually based on the changes in the published Consumer Price Index. If inflation occurs, the principal and interest payments on TIPS are adjusted to protect investors from inflationary loss. If deflation occurs, the principal and interest payments will be adjusted downward, although the principal will not fall below its face amount at maturity.

I. When-Issued and Delayed Delivery Securities. The Funds may purchase or sell securities that they are entitled to receive on a when-issued basis. The Funds may also purchase or sell securities on a delayed delivery basis. When-issued and delayed delivery securities involve risk that the security a Fund buys will lose value prior to its delivery. There is also a risk that the security will not be issued or that the other party to the transaction will not meet its obligation. If this occurs, a Fund loses both the investment opportunity for the assets it set aside to pay for the security and any gain in the security’s price.

J. Loan Participations and Assignments. The Strategic Opportunities Fund and Fixed Income Fund may invest in fixed or floating rate loans to U.S. companies, foreign entities, and U.S. subsidiaries of foreign entities made by one or more financial institutions. The rate of interest on a fixed-rate loan is generally a set amount. The rate of interest payable on floating rate loans is the sum of a base lending rate plus a specified spread. Base lending rates are generally the London InterBank Offered Rate, the Certificate of Deposit Rate of a designated U.S. bank, the prime rate of a designated U.S. bank, the Federal Funds rate, or another base lending rate used by commercial lenders. The applicable spread may be fixed at time of issuance or may adjust upward or downward to reflect changes in credit quality of the borrower. A Fund may invest in loans that are investment grade, below investment grade (“junk”), or not rated by any nationally recognized statistical ratings organization. Loans that are rated lower than investment grade typically entail default and other risks greater than those associated with higher-rated loans. Generally, the lower the rating category, the riskier the investment. Typically, a Fund’s investments in loans are expected to take the form of loan participations and assignments of portions of loans from third parties.

Currently, the Strategic Opportunities Fund intends to invest in loans that are below investment grade and, to a lesser extent, unrated loans. The Strategic Opportunities Fund’s investments in loans are expected in most instances to be in the form of assignments. Generally, when a Fund purchases an assignment of a loan from a lender, it will step into the position of the lender and acquire direct rights against the borrower on the loan. Because assignments are arranged through private negotiations between potential assignees and potential assignors, however, the rights and obligations acquired by a Fund as the purchaser of an assignment may differ from, and be more limited than, those held by the assigning lender. The assignability of certain obligations may be restricted by the governing documentation as to the nature of the assignee such that the only way

in which a Fund may acquire an interest in a loan is by purchasing a participation of interest and not an assignment. A Fund may have difficulty disposing of assignments and participation interests given these limitations and other factors.

K. Credit Enhancements. Certain obligations held by the Funds have credit enhancement or liquidity features that may, under certain circumstances, provide for repayment of principal and interest on the obligation upon demand date, interest rate reset date or final maturity. These enhancements may include: letters of credit; liquidity guarantees; and third party insurance (i.e., AMBAC and FGIC). The value of the obligations may be affected by changes in credit worthiness of the entities that provide any supporting letters of credit or other credit enhancements. The value of the obligations also will be affected by the exhaustion, termination or expiration of any credit enhancement.

L. Restricted and Illiquid Securities. The Funds may purchase securities which are subject to legal or contractual delays, restrictions, and costs on resale. Because of time limitations, the Funds might not be able to dispose of these securities at reasonable prices or at times advantageous to the Funds. Each Fund intends to limit the purchase of securities which have not been determined by BIM to be liquid, together with other securities considered to be illiquid, including repurchase agreements providing for settlement in more than seven days after notice, to not more than 15% of its net assets.

M. Distributions to Shareholders. Distributions from net investment income, if any, generally are declared and paid quarterly for the Fixed Income Fund and Municipal Bond Fund and at least annually for the Large Cap Core Fund, Large Cap Strategies Fund, Small & Mid Cap Fund and Strategic Opportunities Fund. Distributable net realized capital gains, if any, are declared and distributed at least annually. The amount and timing of dividends and distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.

N. Expenses. Expenses that are directly related to one of the Funds are charged directly to that Fund on an accrual basis. Other operating expenses of the Corporation are prorated to each Fund on an accrual basis utilizing relative net assets or another reasonable basis.

In the normal course of business, the Funds invest in securities and enter into transactions where risks exist due to fluctuations in the market (market risk) or failure of the issuer of a security to meet all its obligations (credit risk). The value of securities held by a Fund may decline in response to certain events, including those directly involving the issuers whose securities are owned by the Fund; changes or perceived changes in economic conditions; overall market changes; local, regional or global political, social or economic events or instability; and currency and interest rate and price fluctuations. Since 2008, the U.S. government has implemented various measures designed to stabilize the U.S. economy and support U.S. economic recovery, including by keeping the federal funds rate at or near zero percent and purchasing large quantities of securities issued or guaranteed by the U.S. government or its agencies and instrumentalities on the open market (“quantitative easing”). The Board of Governors of the Federal Reserve System has recently ended this quantitative easing and, to the extent it raises the federal funds rate, there is a risk that interest rates across the U.S. financial markets will rise suddenly and significantly, thereby exposing fixed income and related markets to heightened volatility and reduced liquidity. Such market events may cause a Fund to experience losses and/or high redemption requests, which may result in increased transactions costs and lower a Fund’s performance. Exposure to foreign markets through issuers or currencies can involve additional risks relating to market, economic, political, regulatory, geopolitical, or other conditions. In addition, the securities of foreign companies also may be subject to the imposition of economic sanctions or other government restrictions. The risks of foreign investments are increased in emerging markets which may experience hyperinflation and have far lower trading volumes and less liquidity than developed markets. Changes in foreign currency exchange rates can affect the value of a Fund’s portfolio. Depositary receipts are generally subject to the same risks as the foreign securities that they evidence or into which they may be converted. Similar to credit risk, a Fund may be exposed to counterparty risk, or the risk that an entity with which the Fund has unsettled or open transactions may default. Financial assets, which potentially expose a Fund to credit and counterparty risks, consist principally of investments and cash due from counterparties. The Funds’ Adviser and sub-advisers, as applicable, review the creditworthiness of counterparties that they believe entail material credit risk in relation to the investment policies of a Fund. The extent of a Fund’s exposure to credit and counterparty risks with respect to these financial assets is generally represented by their value recorded in the Fund’s Statements of Assets and Liabilities.

The inputs and valuation techniques used to measure fair value of the Funds’ investments are summarized into three levels as described in the hierarchy below:

• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit ratings, etc.).

• Level 3 - significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The summary of inputs used to value the Funds’ investments as of April 30, 2016 is as follows:

* Other financial instruments are exchange traded options and futures (Level 1), over-the-counter options (Level 2), forwards (Level 2) and swaps (Level 2). Futures, forwards and swaps are valued at the unrealized appreciation/(depreciation) on the instrument and options are shown at market value.

The Funds’ policy is to recognize transfers in and transfers out as of the beginning of the period.

The Funds engage in various portfolio investment strategies utilizing derivatives both to increase the return of the Funds and/or to economically hedge, or protect, their exposure to, for example, interest rate movements, movements in the securities or commodities markets and currency value fluctuations. Derivatives are subject to a number of risks, including changes in the market price of the underlying securities, credit risk with respect to the counterparty to the derivative instruments and the risk of loss due to changes in interest rates. The use of certain derivatives may also have a leveraging effect, which may increase the Fund’s sensitivity to adverse market movements and may exaggerate a loss. Losses may arise if the value of the contract decreases due to, among other potentially adverse events, an unfavorable change in the price of the underlying security or commodity or if the counterparty does not perform under the contract. The use of derivatives can lead to losses because of relatively small adverse movements in the price or value of the underlying security, asset, index or reference rate, which may be magnified by or potentially unlimited as a result of certain features of the derivatives.

The primary difference in risks associated with over-the-counter contracts and exchange-traded contracts is credit and liquidity risks. Over-the-counter contracts, as bilateral arrangements, contain credit risk from various counterparties for any unrealized gains for the duration of the contract. The credit risk related to exchange-traded contracts is minimal because the exchanges ensure that their contracts are always honored. The Funds may mitigate counterparty risk on derivatives through master netting agreements included within an International Swaps and Derivatives Association, Inc. (“ISDA”) Master Agreement between a Fund and each of its counterparties. The ISDA Master Agreement allows each Fund to offset with its counterparty certain derivative financial instruments’ payables and/or receivables with collateral held with each counterparty. The amount of collateral moved to/from applicable counterparties is based upon minimum transfer amounts of up to $250,000. To the extent amounts due to the Funds from their counterparties are not fully collateralized contractually or otherwise, the Funds bear the risk of loss from counterparty non-performance.

The Funds’ maximum risk of loss from counterparty credit risk on over-the-counter derivatives is generally the aggregate net unrealized gain in excess of any collateral pledged by the counterparty to the Funds. For over-the-counter purchased options, the Funds bear the risk of loss in the amount of the premiums paid and positive change in market value of the options should the counterparty not perform under the contracts. Written options by the Funds do not give rise to counterparty credit risk, as written options obligate the Funds to perform and not the counterparty. Certain ISDA Master Agreements allow counterparties to over-the-counter derivatives to terminate or require full collateralization of derivative contracts prior to maturity in the event a Fund’s net assets decline by a stated percentage or a Fund fails to meet the terms of its ISDA Master Agreements, which would cause the Funds to post additional collateral or accelerate payment of any net liability owed to the counterparty. There were no trigger events during the six months ended April 30, 2016.

Cash collateral that has been pledged to cover obligations of a Fund and cash collateral received from the counterparty, if any, is reported separately on the Statement of Assets and Liabilities as due from brokers for collateral and payable to brokers for collateral, respectively. Non-cash collateral pledged by the Fund, if any, is noted in the Schedule of Investments.

When counterparties post cash collateral with respect to various derivative transactions, the Fund may invest the collateral and receive interest income on the investment and pays interest expense on the collateral to the counterparty. The interest income is included in investment income on the Statements of Operations, and the interest expense is included in a Fund’s overall expenses on the Statements of Operations and expense ratio in the Financial Highlights.

As of April 30, 2016, the Funds had transactions subject to enforceable master netting arrangements (“MNA”). For reporting purposes, the Funds do not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statement of Assets and Liabilities. A reconciliation of the gross amounts on the Statement of Assets and Liabilities to the net amounts by counterparty, including any collateral exposure, is included in the following tables:

The Funds are subject to, among other risks, interest rate risk, equity price risk, commodity risk and foreign currency exchange risk in the normal course of pursuing their investment objectives by investing in various derivative financial instruments, as described below.

For open derivative instruments, please see the respective Fund’s Portfolio of Investments or details below:

For the six months ended April 30, 2016, the quarterly average volume of derivative activities were as follows:

A. Futures Contracts. The Funds purchased or sold futures contracts and options on futures contracts to gain exposure to, or hedge against, changes in the value of equity securities (equity risk), interest rates (interest rate risk) or commodity risk.

Futures contracts are agreements pursuant to which two parties agree to take or make delivery of an amount of cash equal to the difference between the value of the contract at the close of the last trading day and the price at which the contract was originally written. Upon entering into a futures contract, the Funds are required to pledge to a futures commission merchant an amount of cash, U.S. government securities, or other assets, equal to a certain percentage of the contract amount. This is known as the initial margin deposit. Subsequent payments, known as variation margin, are made or received by the Funds

each day, depending on the daily fluctuations in fair value of the underlying instrument. The Funds recognize an unrealized gain or loss equal to the variation margin. These futures contracts permit the Funds to meet their objectives at a lower cost than investing directly in the underlying instruments or commodities, while permitting the equivalent of an investment in a portfolio of the underlying instruments or commodities. A potential risk to the Funds is that the change in value of the underlying securities or commodities may not correlate to the change in value of the contracts. Listed futures contracts involve minimal counterparty risk since futures contracts are guaranteed against default by the exchange on which they trade.

B. Forward Foreign Currency Exchange Contracts. The Funds (except Municipal Bond Fund) may enter into forward foreign currency contracts (“Forward”) to hedge their exposure to changes in foreign currency exchange rates on foreign portfolio holdings (foreign currency exchange risk). In addition, certain Funds may use a Forward to provide exposure to the foreign currency market. A Forward is an agreement between two parties to purchase or sell a foreign currency at a future date at a negotiated forward rate. A Forward is marked-to-market daily and the change in market value is recorded by the Funds as unrealized appreciation or depreciation until the contract settlement date. The market value of the Forward is determined using the forward rate for the remainder of the outstanding period of the contract, through the delivery date. When a Forward is closed or settled, the Funds record a realized gain or loss equal to the fluctuation in rates during the period a Forward was open. Risks may arise upon entering into these contracts from, for example, the potential inability of the counterparties to meet the terms of their contracts, or if the foreign currency rates change unfavorably.

In the event of default by the counterparty to the transaction, the Funds’ maximum amount of loss, as either the buyer or seller, is the unrealized gain of the contract.

The Funds may be required to pledge to the broker an amount of cash, U.S. government securities or other assets, equal to a certain percentage of the contract amount.

As of April 30, 2016, the Large Cap Strategies Fund had the following open Forwards:

As of April 30, 2016, the Strategic Opportunities Fund had the following open Forwards:

C. Swap Agreements. The Funds entered into swap agreements, which are agreements involving two parties to exchange the return generated by a security, currency, commodity, interest rate, index, or other measures for the return generated by another instrument, for example, the agreement to pay interest in exchange for a market-linked return based on a notional amount. The Funds entered into total return, interest rate and other swap agreements. Interest rate swap agreements generally involve the agreement by the Funds to pay a counterparty a fixed or floating rate on a fixed notional amount and to receive a fixed or floating rate on a fixed notional amount, but may also involve the agreement to pay or receive payments derived from changes in interest rates. Periodic payments are generally made during the life of the swap agreement according to the terms and conditions of the agreement and at termination or maturity. Total return swap agreements involve the commitments to pay or receive an amount generally determined by reference to a security, index or other measure in exchange for a specific market linked return, based on notional amounts. To the extent that the total return of the security, index or other measure underlying the transaction exceeds or falls short of the offsetting interest rate-based obligation, the Funds receive or make a payment to the counterparty. Payments received or made by a Fund at the expiration or other termination of the swap agreements are recorded in the Statements of Operations as realized gains or losses, respectively. Swap agreements are marked-to-market daily based on dealer-supplied valuations, and changes in value, including the periodic amounts of interest to be paid or received on swaps, are recorded as unrealized appreciation/(depreciation). Risks may exceed amounts recognized on the Statements of Assets and Liabilities. These risks include changes in the returns of the underlying instruments, failure of the counterparties to perform under the contracts’ terms and the possible lack of liquidity with respect to the swap agreements. Details of swap agreements open at period end are included in the Portfolios of Investments under the caption “Swap Agreements”.

D. Options. The Funds purchased and wrote (sold) put and call options on equity securities and stock index futures in order to gain exposure to or to protect against changes in the market.

Options on swaps (swaptions) are similar to options on securities except that instead of selling or purchasing the right to buy or sell a security, the writer or purchaser of the swaption is granting or buying the right to enter into a previously agreed upon swap agreement at any time before the expiration of the option.

A call option gives the purchaser of the option the right (but not the obligation) to buy, and obligates the seller to sell (when the option is exercised), the underlying instrument at the exercise price at any time or at a specified time during the option

period. A put option gives the holder the right to sell and obligates the writer to buy the underlying instrument at the exercise price at any time or at a specified time during the option period. When a Fund purchases (writes) an option, an amount equal to the premium paid (received) by a Fund is reflected as an asset (liability). The amount of the asset (liability) is subsequently marked-to-market to reflect the current market value of the option purchased (written). When an instrument is purchased or sold through an exercise of an option, the related premium paid (or received) is added to (or deducted from) the basis of the instrument acquired or deducted from (or added to) the proceeds of the instrument sold. When an option expires (or a Fund enters into a closing transaction), a Fund realizes a gain or loss on the option to the extent of the premiums received or paid (or gain or loss to the extent the cost of the closing transaction exceeds the premium received or paid). When a Fund writes a call option, such option is “covered,” meaning that a Fund holds the underlying instrument subject to being called by the option counterparty, or cash in an amount sufficient to cover the obligation. When a Fund writes a put option, such option is covered by cash in an amount sufficient to cover the obligation.

In purchasing and writing options, a Fund bears certain risks, including the market risk of an unfavorable change in the price of the underlying instrument or the risk that a Fund may not be able to enter into a closing transaction due to an illiquid market. Exercise of a written option could result in a Fund purchasing or selling a security at a price different from the current market value.

A Fund may execute transactions in both listed and over-the-counter options. Listed options involve minimal counterparty risk since listed options are guaranteed against default by the exchange on which they trade. Transactions in certain over-the-counter options may expose a Fund to the risk of default by the counterparty to the transaction. In the event of default by the counterparty to the over-the-counter option transaction, a Fund’s maximum amount of loss is the premium paid and unrealized gain (as purchaser) or the unrealized gain of the contract less the premium received (as writer).

A summary of the Strategic Opportunities Fund’s written option transactions for the six months ended April 30, 2016 is as follows:

The Strategic Opportunities Fund invests in structured options to increase or decrease its exposure to an underlying index or group of securities (equity risk) or to increase or decrease its exposure to changes in foreign currency exchange rates (foreign currency exchange risk). These structured options may consist of single or multiple OTC options which are priced as a single security. Structured options may only be exercised at the expiration date, but may be transferred/sold prior to the expiration date. The value of a structured option may either increase or decrease with the underlying index or group of securities, depending on the combination of options used. Structured options are issued in units whereby each unit represents a structure based on a specific index with an initial reference strike price. Generally, the basis of the contracts is the premium received or paid which is recorded as an asset on the Statement of Assets and Liabilities. The amount of the asset is subsequently marked-to-market to reflect the current market value of the structured option. When a structured option is transferred/sold or exercised, the Fund will record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Fund’s basis in the contract, if any. One type of structure involves the combination of selling a put while buying a call on a specific index. This option would rise in value as the underlying index increases and fall in value as the underlying index decreases. Alternatively, another structure involves the sale of a call and the purchase of a put. This option structure would rise in value as the underlying index decreases and fall in value as the underlying index increases. Upon the exercise of the structured option, the Fund will receive a payment from, or be required to remit a payment to the counterparty, depending on the value of the underlying index at exercise.

A. Investment Advisory Fees. The Funds’ investment adviser is BIM, a wholly-owned subsidiary of Bessemer Trust Company, N.A. (“Bessemer”). Bessemer is a subsidiary of The Bessemer Group, Incorporated (“BGI”). The investment advisory fee paid to BIM for advisory services is computed daily and paid monthly in accordance with the following schedule:

BIM has retained Harding Loevner LP (“Harding Loevner”) and Sands Capital Management, LLC (“Sands”) as sub-advisers to manage a segment of the Large Cap Strategies Fund. Harding Loevner and Sands are paid for their services directly by BIM.

BIM has retained Dimensional Fund Advisors LP (“Dimensional”), Champlain Investment Partners, LLC (“Champlain”) and Mondrian Investment Partners Limited (“Mondrian”) as sub-advisers to each manage segments of the Small & Mid Cap Fund. Dimensional, Champlain and Mondrian are paid for their services directly by BIM.

BIM has retained Franklin Advisers, Inc. (“Franklin”), BlackRock Financial Management, Inc. (“BlackRock”), Muzinich & Co., Inc. (“Muzinich”) and TPH Asset Management LLC (“TPH”) as sub-advisers to each manage a segment of the Strategic Opportunities Fund. Franklin, BlackRock, Muzinich and TPH are paid for their services directly by BIM.

B. Administration, Fund Accounting, Transfer Agent and Underwriting Fees. The Corporation, on behalf of each Fund, has entered into an administrative oversight, supervision and coordination services agreement (the “Administrative Agreement”) with Bessemer, pursuant to which Bessemer and Bessemer Trust Company (“BTCO”), an affiliate of BIM, provide certain non-advisory services to the Funds, such as the maintenance of records, the provision of supervisory personnel and the monitoring of the other non-advisory service providers. Under the Administrative Agreement, each Fund pays an annual fee of 0.03% of its average daily net assets for such services. BNY Mellon Investment Servicing (US) Inc. (“BNY Mellon”) acts as administrator, fund accounting agent and transfer agent for the Funds pursuant to an Administration and Accounting Services Agreement and a Transfer Agency Services Agreement, respectively. Certain Officers of the Funds are also employees of BNY Mellon.

The Corporation entered into an Underwriting Agreement with Foreside Funds Distributors LLC for the limited purpose of acting as statutory underwriter to facilitate the registration and distribution of shares of the Funds.

C. Distribution and Shareholder Servicing Fees. The Funds have adopted a shareholder servicing plan (the “Shareholder Servicing Plan”) with Bessemer, pursuant to which Bessemer serves as a shareholder servicing agent and provides certain shareholder support services. Bessemer may engage shareholder sub-servicing agents, such as broker/dealers, banks, trust companies, investment advisers, and other financial institutions and intermediaries to provide certain shareholder support services and is solely responsible for paying each such shareholder sub-servicing agent from the fee it receives from each of the Funds. Each Fund pays for shareholder support services an annual fee of 0.20% of its average daily net assets; however, with respect to the Fixed Income Fund and the Municipal Bond Fund, Bessemer has contractually committed to waive its shareholder servicing fee to the extent necessary to maintain a maximum shareholder servicing fee at 0.10% through October 31, 2017. The shareholder servicing fee commitment arrangements may be changed or terminated at any time with the approval of the Board. Bessemer, however, does not have the ability to recapture fees currently being waived at a later date. For the six months ended April 30, 2016, Bessemer waived shareholder servicing fees in the amount of $291,586 with respect to the Fixed Income Fund and $736,853 with respect to the Municipal Bond Fund.

D. Custody Fees. The Large Cap Core Fund, Large Cap Strategies Fund, Fixed Income Fund and Municipal Bond Fund have each retained BTCO, a wholly-owned subsidiary of BGI, to serve as their custodian, and the Small & Mid Cap Fund has retained BTCO to serve as its co-custodian. Pursuant to the Funds’ Custody Agreement, BTCO is responsible for maintaining the custody of these Funds’ securities and cash. BTCO serves as custodian for the Small & Mid Cap Fund only with respect to equity securities of U.S. companies (other than exchange-traded funds) and securities in the form of depositary receipts directly managed by BIM, income, other payments and distributions issued with respect to such securities, proceeds of the sale of such securities, and cash, cash equivalents and money market instruments received and held by BTCO from time to time on behalf of the Small & Mid Cap Fund. For providing these services, BTCO receives a fee calculated and paid monthly at the annual rate of 0.075% of the average daily net assets of the non-U.S. investments for Large Cap Core Fund and Large Cap Strategies Fund and 0.015% of the average daily net assets of each of the Fixed Income Fund and Municipal Bond Fund or portion thereof for the Small & Mid Cap Fund and U.S. investments for Large Cap Core Fund and Large Cap Strategies Fund. The Strategic Opportunities Fund and the Subsidiary have retained Citibank, N.A. (“Citibank”) to serve as their custodian and the Small & Mid Cap Fund has retained Citibank to serve as its co-custodian. Citibank is responsible for maintaining the custody of these Funds’ securities and cash and assets of the Small & Mid Cap Fund managed by the sub-advisers. For providing these services, Citibank receives a fee from each Fund calculated daily and paid monthly based on safekeeping and transaction fees that vary by country.

E. Fee Waivers. BIM may voluntarily waive a portion of its advisory fee to limit the Funds’ total expenses. BIM may terminate this voluntary waiver at any time. BIM, however, does not have the ability to recapture fees currently being waived at a later date. BIM has contractually committed through October 31, 2017 to waive its advisory fees to the extent necessary to maintain the net operating expense ratios, excluding fund transaction costs, investment interest expense, dividend expenses associated with securities sold short and acquired fund fees and expenses, if any, of the Large Cap Strategies Fund at 1.15%, the Small & Mid Cap Fund at 1.11%, the Strategic Opportunities Fund at 1.20%, the Fixed Income Fund at 0.70% and the Municipal Bond Fund at 0.70%. Any waiver amounts are disclosed in the Statements of Operations. For the six months ended April 30, 2016, BIM waived $1,238,681 for the Small & Mid Cap Fund and $3,842,188 for the Strategic Opportunities Fund. The Fixed Income Fund and Municipal Bond Fund had shareholder servicing fee waivers of $291,586 and $736,853, respectively. The contractual advisory fee waivers and the shareholder servicing fee waivers may be changed or terminated at any time with the approval of the Board.

F. Board of Directors’ Fees. Each Director who is not an “interested person” of the Corporation (as that term is defined under the 1940 Act) (each, an “Independent Director”) receives from the Funds a total annual retainer of $120,000 (plus $50,000 for serving as the Board’s Chairperson, $20,000 as the Audit Committee Chairperson, $10,000 as the Pricing Committee Liaison and $10,000 each as the Nominating Committee Chairperson and the Governance Committee Chairperson) and receives for attendance at Board and committee meetings the following:

Each Independent Director is reimbursed for all out-of-pocket expenses relating to attendance at meetings of the Board and any Board committee. Directors who are not Independent Directors, officers or employees of BIM and BNY Mellon do not receive compensation from the Funds. Fees paid are allocated to the Funds on a pro rata basis based on net assets.

G. Interest Expense. When cash balances are overdrawn, the Funds are charged by BTCO an overdraft fee equal to 2.25% above the federal funds rate on outstanding balances. Citibank, N.A. charges 2.00% above the London InterBank Offered Rate for any overdrawn cash balances. These amounts, if any, are included in “interest expense” in the Statements of Operations when such expenses are incurred.

Investment transactions for the six months ended April 30, 2016, excluding short-term investments and U.S. Government securities, were as follows:

Purchase and sales of U.S. Government Securities, excluding those with maturity of one year or less during the six months ended April 30, 2016 were as follows:

It is the policy of each Fund to qualify as a regulated investment company by complying with the provisions available to certain investment companies as defined in Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and to make distributions from net investment income and net realized capital gains sufficient to relieve it from all, or substantially all, federal income taxes. Federal income tax regulations differ from accounting principles generally accepted in the U.S.; therefore, distributions determined in accordance with tax regulations may differ in amount or character from net investment income and realized gains for financial reporting purposes.

By investing in the Subsidiary, the Strategic Opportunities Fund will gain exposure to commodities and commodity-linked instruments within the limits of Subchapter M of the Code.

The Funds may be subject to taxes imposed by other countries in which they invest. Such taxes are generally based on income earned as well as capital gains and in certain situations, unrealized gains. These taxes are accrued and applied to net investment income, net realized gains and unrealized gains, if applicable, as such income and/or gains are earned.

The Funds may also be subject to capital gains tax in India on gains realized upon the sale of Indian securities. The Funds may accrue a deferred tax liability for unrealized gains on India, Indonesia and Pakistan securities based on existing tax rates and holding periods of the securities. As of April 30, 2016, the Large Cap Strategies Fund, the Small & Mid Cap Fund and the Strategic Opportunities Fund recorded liabilities of $145,571, $132,127 and $160,124, respectively, in the Statements of Assets and Liabilities as an estimate for potential future India, Indonesia and Pakistan capital gain taxes.

The tax character of distributions from the Funds during the year ended October 31, 2015 was as follows (amounts in thousands):

The difference in classification between the amounts reflected above and the Statements of Changes in Net Assets is primarily due to short-term capital gain distributions.

As of and during the period ended April 30, 2016, the Funds did not have any liabilities for any uncertain tax positions. The Funds recognize interest and penalties, if any, related to unrecognized tax positions as income tax expense in the Statements of Operations. During the period, the Funds did not incur any interest or penalties. The statute of limitation on each Fund’s U.S. federal income tax returns remains open for each of the four years ended October 31, 2015. The statutes of limitations on each Fund’s state and local tax returns may remain open for an additional year depending upon the jurisdiction.

As of October 31, 2015, the Fixed Income Fund had a long-term capital loss carryforward of $4,613,007 available to offset future realized capital gains in accordance with the Regulated Investment Company Modernization Act of 2010. This capital loss carryforward is not subject to expiration and must first be utilized to offset future realized gains of the same character.

The capital loss carryforward will reduce the applicable Fund’s taxable income arising from future net realized gains on investments, if any, to the extent permitted by the Code, and thus will reduce the amount of the distributions to shareholders which would otherwise be necessary to relieve the Funds of any liability for federal tax.

Under current tax law, ordinary losses incurred after December 31 of a Fund’s fiscal year may be deferred and treated as occurring on the first business day of the following fiscal year for tax purposes.

The Strategic Opportunities Fund may invest in floating rate loan interests. In connection with these investments, the Strategic Opportunities Fund may also enter into bridge loan commitments (“commitments”). Bridge loan commitments may obligate the Strategic Opportunities Fund to furnish temporary financing to a borrower until permanent financing can be arranged. As of April 30, 2016, the Strategic Opportunities Fund had no outstanding bridge loan commitments. In connection with these commitments, the Strategic Opportunities Fund earns a commitment fee, typically set as a percentage of the commitment amount. Such fee income, which is included in interest income in the Statements of Operations, is recognized ratably over the commitment period.

Management has evaluated the impact of all subsequent events on the Funds and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements.

The Funds’ proxy voting guidelines, used to determine how to vote proxies relating to portfolio securities and information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available (i) without charge, upon request, by calling (800) 607-2200; and (ii) on the U.S. Securities and Exchange Commission’s (“SEC”) website at http://www.sec.gov.

The Funds provide a complete list of the Funds’ holdings four times in each fiscal year, at the quarter-ends. For the second and fourth quarters, the Schedule of Investments appear in the Funds’ semi-annual and annual reports to shareholders. For the first and third quarters, the Funds file the Schedule of Investments with the SEC on Form N-Q. Shareholders can obtain the Funds’ Form N-Q (i) without charge, upon request, by calling (800) 607-2200; and (ii) on the SEC’s website at http://www.sec.gov. The Fund’s N-Q may be reviewed or copied at the SEC Public Reference Room in Washington D.C. Information on the operation of the Public Reference Room may be obtained by calling (800) SEC-0330.

Mutual funds are not bank deposits or obligations, are not guaranteed by any bank, and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other government agency. Investment in mutual funds involves investment risks, including possible loss of principal.

This report is authorized for distribution to prospective investors only when preceded or accompanied by the Funds’ prospectus which contains facts concerning the Funds’ objectives and policies, management fees, expenses and other information.

The information in this report is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections, or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Furthermore, Bessemer Investment Management LLC and its affiliates, as agents for their clients, and any of its officers or employees may have a beneficial interest or position in any of the securities mentioned, which may be contrary to any opinion or projection expressed in this report.

Cusip 680414307
Cusip 680414604
Cusip 680414109
Cusip 680414406
Cusip 680414505
Cusip 680414802
(A21-SAR2016)
(4/16)

Shares			Value
COMMON STOCKS — 87.6%
AUSTRALIA — 2.0%
	29,208	Acrux Ltd.	$	13,658
	99,433	Adelaide Brighton Ltd.		390,873
	69,555	AED Oil Ltd.(b)(c)(d)		0
	34,185	Ainsworth Game Technology Ltd.		60,563
	119,863	Alcyone Resources Ltd.(b)(c)(d)		0
	105,636	ALS Ltd.		375,900
	13,518	Altium Ltd.		63,212
	620,028	Alumina Ltd.		704,802
	60,601	Ansell Ltd.		918,336
	14,818	AP Eagers Ltd.		121,570
	298,227	APN News & Media Ltd.(d)		140,590
	4,250	Arb Corp Ltd.		52,092
	109,795	Aristocrat Leisure Ltd.		834,828
	1,547,765	Arrium Ltd.(b)(c)(d)		25,891
	455,767	Asciano Ltd.		3,059,978
	76,846	ASG Group Ltd.(d)		64,273
	9,691	AUB Group Ltd.		64,107
	4,142	Aurizon Holdings Ltd.		13,448
	82,510	Ausdrill Ltd.(d)		29,486
	173,833	Ausnet Services		202,888
	28,194	Austal Ltd.		33,442
	188,262	Australian Agricultural Co. Ltd.(d)		205,414
	141,784	Australian Pharmaceutical Industries Ltd.		211,299
	97,516	Automotive Holdings Group Ltd.		290,654
	4,480	Aveo Group		11,650
	24,741	AWE Ltd.(d)		13,074
	110,374	Bank of Queensland Ltd.		944,135
	451,793	Beach Energy Ltd.		254,206
	11,095	Bega Cheese Ltd.		51,882
	132,313	Bendigo & Adelaide Bank Ltd.		937,634
	32,618	Billabong International Ltd.(d)		33,730
	2,067	Blackmores Ltd.		253,035
	183,375	BlueScope Steel Ltd.		902,109
	209,780	Boral Ltd.		1,027,223
	15,029	Breville Group Ltd.		94,047
	17,433	Brickworks Ltd.		202,937
	171,833	Broadspectrum Ltd.(d)		193,367
	17,980	BT Investment Management Ltd.		135,207
	53,909	Cabcharge Australia Ltd.		131,987
	279,117	Carnarvon Petroleum Ltd.(d)		18,888
	16,047	carsales.com Ltd.		143,488
	96,536	Cash Converters International Ltd.		35,967
	9,912	Cedar Woods Properties Ltd.		32,106
	176,264	Challenger Ltd.		1,200,843
	3,787,036	Charter Hall Retail REIT		13,706,327
	456,872	Cleanaway Waste Management Ltd.		274,433
	84,396	Coal of Africa Ltd.(d)		2,438
	108,165	Coca-Cola Amatil Ltd.		707,294

Shares			Value
AUSTRALIA (continued)
	11,666	Cochlear Ltd.	$	958,255
	19,968	Collins Foods Ltd.		61,034
	91,131	Computershare Ltd.		700,538
	6,689	Corporate Travel Management Ltd.		72,526
	3,197,824	Costa Group Holdings Ltd.		7,221,471
	8,836	Credit Corp. Group Ltd.		67,991
	30,098	CSG Ltd.		31,925
	302,614	CSR Ltd.		786,919
	17,343	Decmil Group Ltd.		10,088
	23,943	Dick Smith Holdings Ltd(b)(c)		0
	15,520	Domino’s Pizza Enterprises Ltd.		731,759
	258,769	Downer EDI Ltd.		731,931
	163,204	DUET Group		279,208
	51,932	DuluxGroup Ltd.		252,714
	13,853	Elders Ltd.(d)		35,918
	307,875	Emeco Holdings Ltd.(d)		7,023
	37,250	Energy Resources of Australia Ltd.(d)		9,771
	48,647	Energy World Corp. Ltd.(d)		7,028
	17	EQT Holdings Ltd.		196
	6,453	ERM Power Ltd.		7,016
	32,208	Event Hospitality and Entertainment Ltd.		367,586
	517,354	Evolution Mining Ltd.		771,007
	715,392	Fairfax Media Ltd.		432,440
	43,260	FAR Ltd.(d)		2,730
	16,777	Finbar Group Ltd.		10,907
	1,598	Fleetwood Corp. Ltd.(d)		2,053
	9,044	Flight Centre Travel Group Ltd.		270,320
	6,588	Folkestone Education Trust REIT		12,423
	779,036	Fortescue Metals Group Ltd.		2,019,885
	11,536	G.U.D. Holdings Ltd.		74,908
	12,341	G8 Education Ltd.		36,877
	13,440	Gbst Holdings Ltd.		48,541
	50,395	GrainCorp Ltd. - Class A		313,824
	16,663	Greencross Ltd.		90,082
	22,206	GWA Group Ltd.		39,003
	28,670	Hansen Technologies Ltd.		73,900
	164,992	Harvey Norman Holdings Ltd.		562,025
	53,299	Healthscope Ltd.		110,231
	1,000	HFA Holdings Ltd.		1,741
	28,596	Hills Ltd.		4,783
	22,913	Iluka Resources Ltd.		112,023
	12,050	IMF Bentham Ltd.		12,277
	777,713	Incitec Pivot Ltd.		1,904,101
	105,134	Independence Group NL		244,613
	72,251	Infigen Energy(d)		39,554
	40,796	Infomedia Ltd.		18,301
	1,105,328	Invocare Ltd.		10,303,774
	53,982	IOOF Holdings Ltd.		366,945
	21,147	Iress Ltd.		187,161
	21,267	JB Hi-Fi Ltd.		355,264
	10,888	Karoon Gas Australia Ltd.(d)		12,087
	35,487	Kingsgate Consolidated Ltd.(d)		12,277

Shares			Value
AUSTRALIA (continued)
	39,514	MACA Ltd.	$	33,199
	328,362	Macmahon Holdings Ltd.(d)		26,215
	24,272	Macquarie Atlas Roads Group		89,877
	16,274	Magellan Financial Group Ltd.		266,040
	3,914	Mantra Group Ltd.		11,011
	34,583	Mayne Pharma Group Ltd.(d)		36,682
	18,709	McMillan Shakespeare Ltd.		174,688
	223,406	Medibank Pvt Ltd.		533,383
	10,438	Melbourne IT Ltd.		15,476
	17,031	Mesoblast Ltd.(d)		28,360
	86,417	Metals X Ltd.		67,679
	96,581	Metcash Ltd.(d)		129,247
	52,702	Mincor Resources NL(d)		8,415
	53,989	Mineral Resources Ltd.		304,185
	732,000	MMG Ltd.(d)		165,143
	36,171	Monadelphous Group Ltd.		209,571
	34,487	Mortgage Choice Ltd.		44,447
	45,677	Mount Gibson Iron Ltd.(d)		7,467
	366,646	Myer Holdings Ltd.		288,537
	1,050	MyState Ltd.		3,217
	24,976	Navitas Ltd.		97,232
	4,428	NetComm Wireless Ltd.(d)		9,865
	128,661	New Hope Corp. Ltd.		140,872
	52,364	Newsat Ltd.(b)(c)(d)		0
	127,143	NIB Holdings Ltd.		440,831
	25,509	Nine Entertainment Co. Holdings Ltd.		21,917
	1,394	Noble Mineral Resources Ltd.(d)		11
	150,444	Northern Star Resources Ltd.		442,691
	33,366	Nufarm Ltd.		178,097
	170,332	OceanaGold Corp.		609,541
	112,332	Orica Ltd.		1,306,801
	6,370	Orocobre Ltd.(d)		16,080
	130,800	Orora Ltd.		262,559
	124,310	OZ Minerals Ltd.		555,774
	23,610	OzForex Group Ltd.		38,776
	238,215	Pacific Brands Ltd.		207,391
	3,507	Pacific Current Group Ltd.		11,893
	2,417,845	Pact Group Holdings Ltd.		9,522,981
	94,113	Paladin Energy Ltd.(d)		18,963
	143,129	Panoramic Resources Ltd.		14,148
	19,902	Peet Ltd.		14,300
	5,718	Perpetual Ltd.		185,864
	80,915	Perseus Mining Ltd.(d)		35,069
	48,159	Platinum Asset Mangement Ltd.		221,904
	67,411	Platinum Australia Ltd.(b)(c)(d)		0
	85,726	PMP Ltd.		36,176
	11,475	Premier Investments Ltd.		138,728
	134,354	Primary Health Care Ltd.		354,482
	54,609	Prime Media Group Ltd.		12,457
	68,763	Programmed Maintenance Services Ltd.		76,596
	177,021	Qube Holdings Ltd.		335,150
	31,502	RCG Corp Ltd.		32,815
	57,338	RCR Tomlinson Ltd.		57,112

Shares			Value
AUSTRALIA (continued)
	6,531	REA Group Ltd.	$	252,862
	30,974	Reckon Ltd.		32,972
	8,332	Reece Ltd.		228,703
	99,706	Regis Resources Ltd.		219,854
	570	Reject Shop Ltd. (The)		5,383
	91,732	Resolute Mining Ltd.(d)		68,005
	15,224	Retail Food Group Ltd.		63,666
	101,020	Ridley Corp. Ltd.		102,158
	4,191	Ruralco Holdings Ltd.		10,707
	39,802	SAI Global Ltd.		110,462
	20,536	Sandfire Resources NL		92,595
	602,908	Santos Ltd.		2,200,427
	222,211	Saracen Mineral Holdings Ltd.(d)		179,096
	63,194	Seek Ltd.		786,573
	11,618	Select Harvests Ltd.		44,434
	74,750	Senex Energy Ltd.(d)		15,914
	16,377	Servcorp Ltd.		89,034
	19,063	Seven Group Holdings Ltd.		84,793
	380,116	Seven West Media Ltd.		306,363
	7,805,053	Shopping Centres Australasia Property Group REIT		13,886,935
	212,165	Sigma Pharmaceuticals Ltd.		177,452
	9,054	Sirtex Medical Ltd.		204,737
	14,279	Slater & Gordon Ltd.		3,203
	12,014	SMS Management & Technology Ltd.		17,265
	34,101	Sonic Healthcare Ltd.		503,537
	400,577	South32 Ltd.(d)		505,602
	171,101	Southern Cross Media Group Ltd.		140,505
	112,599	Spark Infrastructure Group		177,223
	3,249,705	Spotless Group Holdings Ltd.		3,199,841
	62,936	St Barbara Ltd.(d)		111,020
	237,816	Star Entertainment Group Ltd.		1,021,655
	74,283	Steadfast Group Ltd.		106,185
	65,654	STW Communications Group Ltd.		53,415
	46,637	Sunland Group Ltd.		53,900
	22,520	Super Retail Group Ltd.		144,862
	191,884	Tabcorp Holdings Ltd.		646,334
	63,361	Tassal Group Ltd.		187,889
	341,492	Tatts Group Ltd.		978,896
	42,660	Technology One Ltd.		158,291
	62,289	Ten Network Holdings Ltd.(d)		44,993
	111,348	TFS Corp. Ltd.		132,075
	60,571	Thorn Group Ltd.		64,247
	4,364	Tiger Resources Ltd.(d)		159
	70,044	Tox Free Solutions Ltd.		153,916
	155,842	Treasury Wine Estates Ltd.		1,104,371
	157,780	Troy Resources Ltd.(d)		76,180
	33,081	UGL Ltd.(d)		79,484
	28,287	Village Roadshow Ltd.		113,132
	492,324	Virgin Australia Holdings Ltd.(d)		131,019

Shares			Value
AUSTRALIA (continued)
	521,584	Virgin Australia Holdings Ltd. - CVR Shares(b)(c)(d)	$	0
	21,545	Virtus Health Ltd.		110,741
	90,585	Vocus Communications Ltd.		594,404
	24,221	Washington H. Soul Pattinson & Co. Ltd.		299,268
	7,324	Webjet Ltd.		33,636
	55,634	Western Areas NL		105,754
	19,953	Whitehaven Coal Ltd.(d)		11,682
	21,036	Worleyparsons Ltd.		111,803
				108,151,792
AUSTRIA — 0.2%
	1,036	Agrana Beteiligungs AG		100,952
	401	AMAG Austria Metall AG		14,739
	16,739	ams AG		442,337
	10,618	Andritz AG		594,658
	5,900	Austria Technologie & Systemtechnik AG		81,610
	6,441	BUWOG AG		135,558
	19,561	CA Immobilien Anlagen AG		373,606
	827	DO & CO AG		93,749
	3,052	EVN AG		36,642
	589	Flughafen Wien AG		67,329
	1,397	Lenzing AG		108,248
	1,068	Mayr Melnhof Karton AG		125,349
	8,170	Oesterreichische Post AG		319,103
	101,173	OMV AG		3,036,395
	1,990	Palfinger AG		61,182
	44,807	POLYTEC Holding AG(c)		410,452
	6,198	RHI AG		133,283
	516	Rosenbauer International AG		35,244
	43,288	S IMMO AG		424,791
	6,891	Schoeller-Bleckmann Oilfield Equipment AG		464,676
	2,386	Semperit AG Holding		85,651
	19,252	Strabag SE		605,125
	2,205	UNIQA Insurance Group AG		15,917
	4,874	Verbund AG		68,088
	6,198	Vienna Insurance Group AG Wiener Versicherung Gruppe		139,883
	38,117	Voestalpine AG		1,373,979
	23,351	Wienerberger AG		461,368
	1,597	Wolford AG		45,113
	4,663	Zumtobel Group AG		60,709
				9,915,736
BELGIUM — 0.4%
	14,280	Ackermans & van Haaren NV		1,859,154
	383	Aedifica SA REIT		27,033
	38,172	Ageas		1,497,473
	38,236	AGFA - Gevaert NV(d)		151,881
	120	Banque Nationale de Belgique		412,220
	1,108	Barco NV		77,379
	10,243	Bekaert SA		450,562
	20,731	Bpost SA		584,789

Shares			Value
BELGIUM (continued)
	6,094	Cie d’Entreprises CFE	$	604,711
	1,352	Cie Immobiliere de Belgique SA		71,399
	1,148	Cofinimmo SA REIT		142,626
	27,394	Colruyt SA		1,577,166
	18,761	Deceuninck NV		48,185
	12,200	Deceuninck NV- VVPR Strip(b)(c)(d)		0
	50,793	Delhaize Group		5,323,459
	5,755	D’ieteren SA NV		254,794
	9,725	Econocom Group SA		104,787
	2,295	Elia System Operator SA NV		118,663
	10,018	Euronav NV		110,123
	5,314	Exmar NV		45,636
	7,223	Fagron NV		52,602
	2,849	Galapagos NV(d)		129,479
	972	Intervest Offices & Warehouses NV REIT(d)		27,803
	151	Jensen-Group NV		4,668
	2,543	Kinepolis Group NV		112,107
	297	Lotus Bakeries		573,037
	9,771	Melexis NV		539,502
	22,148	Mobistar SA(d)		484,262
	15,645	Nyrstar - VVPR Strip(b)(c)(d)		0
	89,346	Nyrstar NV(d)		70,591
	29,109	Proximus SADP		979,111
	704	RealDolmen		14,349
	8,109	Recticel SA		52,907
	118	Resilux		18,916
	30	Retail Estates NV REIT		2,690
	3,766	Sioen Industries NV		77,621
	1,917	Sipef NV		109,095
	16,221	Solvay SA		1,639,337
	17,016	Telenet Group Holding NV(d)		845,617
	20,843	Tessenderlo Chemie NV(d)		716,231
	29,962	Umicore SA		1,493,263
	1,138	Van de Velde NV		79,800
	6,098	Viohalco SA(d)		7,702
	881	Warehouses De Pauw CVA REIT		80,199
				21,572,929
BERMUDA — 0.8%
	225,000	Argo Group International Holdings Ltd.(c)		12,368,250
	400,000	Endurance Specialty Holdings Ltd.		25,592,000
	2,862	Frontline Ltd Bermuda		23,797
	102,290	Hiscox Ltd.		1,345,901
	52,100	James River Group Holdings Ltd.		1,613,016
	197,400	Wilson Sons Ltd. - BDR(c)		1,882,596
				42,825,560
BRAZIL — 0.3%
	2,300	Aliansce Shopping Centers SA		10,065
	239,306	Alupar Investimento SA - Units		935,861

Shares			Value
BRAZIL (continued)
	9,031	Banco ABC Brasil SA - Preference Shares	$	30,854
	15,800	Banco Daycoval SA - Preference Shares		41,071
	13,600	Banco do Estado do Rio Grande do Sul SA - Class B, Preference Shares		33,968
	16,000	Banco Industrial e Comercial SA - Preference Shares(b)(c)(d)		38,567
	20,647	Banco Pine SA - Preference Shares		21,012
	16,200	Banco Sofisa SA - Preference Shares		18,370
	44,117	BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros		219,607
	18,392	BR Malls Participacoes SA		91,124
	25,718	Braskem SA - Class A, Preference Shares		184,028
	15,300	Centrais Eletricas Brasileiras SA(d)		34,610
	13,800	Centrais Eletricas Brasileiras SA - Preference B Shares		51,641
	3,200	Centrais Eletricas Santa Catarina - Preference Shares		12,096
	36,400	CETIP SA - Mercados Organizados		446,209
	15,726	Cia Brasileira de Distribuicao - Preference Shares		229,906
	1,900	Cia de Gas de Sao Paulo - Class A, Preference Shares		21,822
	11,500	Cia de Saneamento Basico do Estado de Sao Paulo		87,974
	4,000	Cia de Saneamento do Parana - Preference Shares		4,978
	1,857	Cia de Transmissao de Energia Eletrica Paulista - Preference Shares		30,647
	10,800	Cia Energetica de Sao Paulo - Class B, Preference Shares		44,937
	2,075	Cia Energetica do Ceara - Class A, Preference Shares		22,619
	29,106	Cia Hering		121,358
	5,800	Cia Paranaense de Energia - Class B, Preference Shares		47,776
	7,300	Cosan SA Industria e Comercio		67,327
	9,600	CPFL Energia SA(d)		55,687
	10,453	Cyrela Brazil Realty SA Empreendimentos e Participacoes		31,518
	400	Cyrela Commercial Properties SA Empreendimentos e Participacoes		1,163
	64,695	Duratex SA		148,041
	15,500	EDP - Energias do Brasil SA		57,191
	216,620	Embraer SA		1,257,804
	10,069	Equatorial Energia SA		123,782
	29,000	Estacio Participacoes SA		100,848

Shares			Value
BRAZIL (continued)
	44,700	Even Construtora e Incorporadora SA	$	47,569
	22,869	Ez Tec Empreendimentos e Participacoes SA		110,380
	38,678	Fibria Celulose SA		340,756
	207,000	Fleury SA		1,445,705
	11,700	Gerdau SA		19,119
	115,300	Gerdau SA - Preference Shares		263,169
	8,500	Grendene SA		41,867
	15,700	Hypermarcas SA		139,687
	144,000	Iguatemi Empresa de Shopping Centers SA		1,109,963
	5,272	Iochpe-Maxion SA		22,457
	4,434	JHSF Participacoes SA(d)		1,908
	100	JSL SA(c)		270
	34,900	Klabin SA - Units		178,394
	214,184	Kroton Educacional SA		798,383
	82,200	Linx SA		1,163,957
	14,075	Localiza Rent a Car SA		137,220
	26,460	Lojas Americanas SA		84,475
	68,760	Lojas Americanas SA - Preference Shares		319,884
	75,100	Lojas Renner SA		450,917
	3,300	M Dias Branco SA		74,746
	249,500	Mahle-Metal Leve SA		1,650,396
	82,243	Marcopolo SA - Preference Shares		57,152
	62,584	Marfrig Global Foods SA(d)		116,825
	4,950	Marisa Lojas SA		12,536
	9,300	Minerva SA(d)		29,015
	8,600	MRV Engenharia e Participacoes SA		30,032
	4,650	Multiplan Empreendimentos Imobiliarios SA		80,176
	5,300	Multiplus SA		57,927
	11,500	Natura Cosmeticos SA		85,266
	308,400	Odontoprev SA		949,613
	119,600	Ouro Fino Saude Animal Participacoes SA(c)		1,581,916
	38,355	Porto Seguro SA		309,806
	4,900	Qualicorp SA		21,300
	21,309	Raia Drogasil SA		343,992
	6,200	Rodobens Negocios Imobiliarios SA		9,645
	1,250	Santos Brasil Participacoes SA - Units		4,707
	9,400	Sao Martinho SA		122,254
	10,100	SLC Agricola SA		45,783
	121,173	Sul America SA - Units		583,801
	61,653	Suzano Papel e Celulose SA - Class A, Preference Shares		236,089
	31,700	Tim Participacoes SA		70,788
	11,821	Totvs SA		96,617
	4,500	Transmissora Alianca de Energia Eletrica SA - Units		26,299
	3,146	Usinas Siderúrgicas de Minas Gerais S.A.(d)		2,205

Shares			Value
BRAZIL (continued)
	61,300	Usinas Siderurgicas de Minas Gerais SA - Class A, Preference shares	$	44,916
	8,958	Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		90,016
				18,034,359
CAMBODIA — 0.0%
	416,000	NagaCorp Ltd.		297,645
CANADA — 1.8%
	8,517	5N Plus, Inc.(d)		13,780
	2,275	Absolute Software Corp.		12,293
	908	Acadian Timber Corp.		12,845
	74,184	Advantage Oil & Gas Ltd.(d)		425,108
	27,538	Aecon Group, Inc.		367,188
	1,900	AG Growth International, Inc.		56,090
	19,184	AGF Management Ltd. - Class B		79,506
	3,110	AGT Food & Ingredients, Inc.		100,535
	14,900	Aimia, Inc.		101,653
	2,500	Air Canada(d)		18,590
	800	AirBoss of America Corp.		10,202
	1,100	Akita Drilling Ltd. - Class A		7,014
	40,968	Alamos Gold, Inc.		295,497
	3,300	Alaris Royalty Corp.		78,930
	2,681	Algoma Central Corp.		26,496
	44,100	Algonquin Power & Utilities Corp.		385,220
	23,958	AltaGas Ltd.		582,385
	4,000	Altus Group Ltd.		70,487
	11,915	Amaya, Inc.(d)		161,532
	20,500	Amerigo Resources Ltd.(d)		2,614
	7,300	Atco Ltd. - Class I		238,427
	21,880	Athabasca Oil Corp.(d)		23,367
	12,100	ATS Automation Tooling Systems, Inc.(d)		111,964
	18,016	AuRico Metals, Inc.(d)		12,923
	1,900	AutoCanada, Inc.		31,089
	5,900	Avigilon Corp.(d)		75,801
	267,386	B2Gold Corp.(d)		594,570
	4,279	Badger Daylighting Ltd.		79,701
	46,920	Bankers Petroleum Ltd.(d)		71,051
	36,000	Banro Corp.(d)		13,342
	839	Baytex Energy Corp.		4,279
	37,600	Bellatrix Exploration Ltd.(d)		41,954
	67,000	Birchcliff Energy Ltd.(d)		278,744
	6,842	Bird Construction, Inc.		63,420
	9,550	Black Diamond Group Ltd.		33,338
	92,117	BlackBerry Ltd.(d)		650,479
	91,800	BlackPearl Resources, Inc.(d)		70,238
	1,600	Boardwalk Real Estate Investment Trust, REIT		68,479
	17,600	Bonavista Energy Corp.		44,326
	5,500	Boralex, Inc. - Class A		72,021
	3,200	BRP, Inc.(d)		50,881

Shares			Value
CANADA (continued)
	1,471,119	CAE, Inc.	$	17,399,702
	25,425	Canaccord Genuity Group, Inc.		84,703
	46,850	Canacol Energy Ltd.(d)		150,479
	6,800	Canadian Apartment Properties REIT		161,667
	45,555	Canadian Energy Services & Technology Corp.		139,058
	3,400	Canadian Real Estate Investment Trust		120,018
	54,100	Canadian Western Bank		1,193,503
	11,532	Canam Group, Inc. - Class A		121,597
	26,643	Canfor Corp.(d)		291,338
	13,488	Canfor Pulp Products, Inc.		109,435
	8,000	CanWel Building Materials Group Ltd.		32,135
	44,088	Canyon Services Group, Inc.		171,475
	6,900	Capital Power Corp.		97,723
	58,401	Capstone Infrastructure Corp.		227,609
	43,552	Cascades, Inc.		308,234
	27,957	Celestica, Inc.(d)		299,690
	88,526	Centerra Gold, Inc.		489,655
	2,955	Cervus Equipment Corp.		27,579
	4,700	Chartwell Retirement Residences - Units		51,805
	28,569	Chinook Energy, Inc.(d)		12,296
	6,000	Cineplex, Inc.		237,140
	139,701	Claude Resources, Inc.(d)		239,386
	3,297	Clearwater Seafoods, Inc. - Units		36,420
	5,900	Cogeco Communications Inc.		293,989
	3,464	Cogeco, Inc.		141,685
	9,700	Colliers International Group, Inc.		401,235
	6,500	Cominar Real Estate Investment Trust		89,519
	10,252	Computer Modelling Group Ltd.		82,036
	1,912	Corby Spirit and Wine Ltd.		28,573
	28,574	Corus Entertainment, Inc. - Class B		284,897
	50,217	Cott Corp.		665,584
	54,055	Crew Energy, Inc.(d)		218,857
	46,438	Delphi Energy Corp.(d)		43,673
	6,900	Descartes Systems Group, Inc. (The)(d)		127,199
	35,700	Detour Gold Corp.(d)		765,671
	17,469	DH Corp.		453,467
	1,071	DHX Media Ltd. - Variable Voting		6,530
	1,759	DirectCash Payments, Inc.		18,085
	38,640	Dominion Diamond Corp.		443,773
	11,696	Dominion Diamond Corp.		134,270
	9,400	Dorel Industries, Inc. - Class B		209,172
	2,900	Dream Office Real Estate Investment Trust		48,399
	27,489	Dundee Precious Metals, Inc.(d)		61,126

Shares			Value
CANADA (continued)
	683	E-L Financial Corp. Ltd.	$	382,697
	183,999	Eldorado Gold Corp.		775,767
	10,600	Empire Co. Ltd. - Class A		176,146
	21,487	Enbridge Income Fund Holdings, Inc.		496,460
	8,100	Endeavour Silver Corp.(d)		33,634
	12,473	EnerCare, Inc.		158,062
	43,875	Enerflex Ltd.		421,021
	4,736	Energy Fuels, Inc.(d)		11,211
	2,342	Enghouse Systems Ltd.		97,902
	34,600	Ensign Energy Services, Inc.		209,580
	7,766	Entertainment One Ltd.		20,993
	14,642	Epsilon Energy Ltd.(d)		37,927
	3,442	Equitable Group, Inc.		164,460
	20,491	Essential Energy Services Trust(d)		11,595
	1,900	Evertz Technologies Ltd.		25,713
	5,593	Exactearth Ltd(d)		12,036
	3,224	Exchange Income Corp.		74,054
	5,600	Exco Technologies Ltd.		60,030
	38	EXFO, Inc.(d)		163
	10,800	Extendicare, Inc.		79,621
	3,100	Fiera Capital Corp.		33,033
	76,082	Finning International, Inc.		1,352,219
	7,834	First Capital Realty Inc.		126,810
	26,208	First Majestic Silver Corp.(d)		279,062
	9,700	FirstService Corp. - Subord Voting Shares		435,870
	35,000	Fortuna Silver Mines, Inc.(d)		223,998
	1,088	Gamehost, Inc.		9,712
	23,321	Genworth MI Canada, Inc.		603,703
	36,082	Gibson Energy, Inc.		536,327
	5,865	Gluskin Sheff + Associates, Inc.		83,485
	2,537	GMP Capital, Inc.		10,292
	61,130	Golden Star Resources Ltd.(d)		42,387
	72,974	Gran Tierra Energy, Inc.(d)		215,194
	18,096	Granite Oil Corp.		111,054
	10,752	Great Canadian Gaming Corp.(d)		155,791
	8,500	H&R Real Estate Investment Trust		148,498
	6,200	Heroux-Devtek, Inc.(d)		74,220
	3,040	High Liner Foods, Inc.		41,310
	2,065	HNZ Group, Inc.		17,281
	21,000	Home Capital Group, Inc.		629,146
	26,227	Horizon North Logistics, Inc.		29,473
	40,000	HudBay Minerals, Inc.		199,570
	43,300	Hudson’s Bay Co.		575,631
	10,968	IAMGOLD Corp.(d)		37,326
	9,300	IMAX Corp.(d)		297,599
	18,778	Imperial Metals Corp.(d)		86,654
	23,900	Industrial Alliance Insurance and Financial Services, Inc.		794,317
	19,579	Innergex Renewable Energy, Inc.		216,123
	11,529	Interfor Corp.(d)		100,248

Shares			Value
CANADA (continued)
	15,926	Intertape Polymer Group, Inc.	$	250,434
	18,416	Jean Coutu Group PJC, Inc. (The) Class A		280,049
	10,100	Just Energy Group, Inc.		64,317
	1,300	K-Bro Linen, Inc.		41,600
	2,900	Killam Apartment Real Estate Investment Trust		27,204
	1,953	Kingsway Financial Services, Inc.(d)		9,152
	150,145	Kinross Gold Corp.(d)		855,612
	36,600	Kirkland Lake Gold, Inc.(d)		279,160
	16,100	Klondex Mines Ltd.(d)		60,951
	10,745	Laurentian Bank of Canada		426,306
	8,626	Leon’s Furniture Ltd.		103,605
	17,910	Linamar Corp.		775,524
	6,511	Liquor Stores N.A. Ltd.		45,458
	70,300	Lucara Dianmond Corp.(d)		179,294
	314,728	Lundin Mining Corp.(d)		1,236,637
	7,862	MacDonald Dettwiler & Associates Ltd.		550,785
	7,130	Magellan Aerospace Corp.		100,298
	500	Mainstreet Equity Corp.(d)		14,581
	24,900	Major Drilling Group International, Inc.		155,588
	152,729	Mandalay Resources Corp.		137,550
	10,028	Manitoba Telecom Services, Inc.		262,469
	17,500	Maple Leaf Foods, Inc.		362,358
	36,498	Martinrea International, Inc.		276,055
	6,800	Medical Facilities Corp.		92,188
	44,700	MEG Energy Corp.(d)		236,913
	3,348	Melcor Developments Ltd.		37,037
	8,058	Merus Labs International, Inc.(d)		13,294
	13,200	Methanex Corp.		461,472
	3,903	Methanex Corp.		136,498
	11,507	Mitel Networks Corp.(d)		80,339
	10,302	Morneau Shepell, Inc.		144,509
	2,186	MTY Food Group, Inc.		57,930
	20,500	Mullen Group Ltd.		238,706
	127,236	Nevsun Resources Ltd.		475,601
	7,829	New Flyer Industries, Inc.		230,683
	39,800	New Gold, Inc.(d)		187,152
	20,348	Newalta Corp.		30,651
	4,802	Norbord, Inc.		95,719
	498	North American Energy Partners, Inc.		1,095
	10,846	North West Co. Inc., (The)		241,089
	13,829	Northland Power, Inc.		229,363
	327,700	Northview Apartment Real Estate Investment Trust		5,139,982
	17,600	NuVista Energy Ltd.(d)		83,322
	9,240	Osisko Gold Royalties Ltd.		123,720
	1,900	Ovivo, Inc.(d)		3,029
	9,400	Painted Pony Petroleum Ltd.(d)		44,352
	26,536	Pan American Silver Corp.		416,006
	12,837	Pan American Silver Corp.		201,156

Shares			Value
CANADA (continued)
	54,424	Parex Resources, Inc.(d)	$	545,238
	18,488	Parkland Fuel Corp.		352,608
	14,000	Pason Systems, Inc.		203,523
	19,173	Penn West Petroleum Ltd.		21,852
	21,800	Peyto Exploration & Development Corp.		556,511
	5,653	Pizza Pizza Royalty Corp.		61,860
	2,100	Points International Ltd.(d)		20,453
	53,100	Precision Drilling Corp.		275,509
	6,936	Premium Brands Holdings Corp.		299,176
	26,929	Primero Mining Corp.(d)		50,652
	37,060	Progressive Waste Solutions Ltd.		1,192,702
	816	Progressive Waste Solutions Ltd.		26,283
	9,335	Pulse Seismic, Inc.		16,963
	6,200	Pure Industrial Real Estate Trust REIT		24,707
	5,060	QLT, Inc.(d)		7,783
	26,700	Quebecor, Inc. - Class B		714,156
	14,785	Questerre Energy Corp. - Class A(d)		2,180
	10,943	RB Energy, Inc.(c)(d)		39
	13,400	Redknee Solutions, Inc.(d)		21,146
	10,717	Reitmans (Canada) Ltd. - Class A		38,949
	13,200	Richelieu Hardware Ltd.		234,080
	20,367	Richmont Mines, Inc.(d)		158,430
	400,000	Ritchie Bros Auctioneers, Inc.		11,476,000
	237,356	Ritchie Bros. Auctioneers, Inc.		6,810,246
	59,932	RMP Energy, Inc.(d)		87,412
	2,900	Rocky Mountain Dealerships, Inc.		14,654
	26,754	Rogers Sugar, Inc.		106,828
	41,707	RONA, Inc.		793,786
	15,500	Russel Metals, Inc.		275,978
	33,588	Sandstorm Gold Ltd.(d)		144,824
	125,000	Sandvine Corp.		269,985
	2,551	Sears Canada, Inc.(d)		9,949
	13,945	Secure Energy Services, Inc.		100,361
	118,801	SEMAFO, Inc.(d)		529,288
	11,300	ShawCor Ltd.		305,308
	2,282	Sienna Senior Living, Inc.		29,264
	12,100	Sierra Wireless, Inc.(d)		195,479
	22,699	Silver Standard Resources, Inc.(d)		213,114
	3,400	Smart Real Estate Investment Trust		91,266
	19,231	Sprott, Inc.		41,843
	4,087	Stantec, Inc.		104,709
	3,200	Stantec, Inc.		82,021
	7,060	Stella-Jones, Inc.		269,920
	500	Strad Energy Services Ltd.		658
	18,500	Street Capital Group, Inc.(d)		20,495
	2,100	Stuart Olson, Inc.		11,180
	22,548	Student Transportation, Inc.		111,779

Shares			Value
CANADA (continued)
	19,026	SunOpta, Inc.(d)	$	102,052
	21,000	Superior Plus Corp.		182,769
	21,013	Taseko Mines Ltd.(d)		13,565
	68,695	Teck Resources Ltd. - Class B		840,962
	29,951	Tembec, Inc.(d)		21,245
	175,990	Teranga Gold Corp.(d)		140,265
	42,529	Teranga Gold Corp. - CDI(d)		31,044
	8,624	TMX Group Ltd.		357,071
	26,912	TORC Oil & Gas Ltd.		181,458
	20,645	Toromont Industries Ltd.		618,840
	10,300	Torstar Corp. - Class B		17,157
	21,650	Total Energy Services, Inc.		227,595
	31,186	Tourmaline Oil Corp.(d)		719,314
	13,378	Transalta Corp.		69,833
	30,590	Transcontinental, Inc. - Class A		480,780
	18,100	TransForce, Inc.		341,602
	13,500	TransGlobe Energy Corp.		26,038
	25,788	Trinidad Drilling Ltd.		49,944
	6,156	Uni-Select, Inc.		315,037
	3,080	Valener, Inc.		53,784
	32,400	Veresen, Inc.		234,472
	9,795	Vermilion Energy, Inc.		337,144
	1,936	Vermilion Energy, Inc.		66,580
	8,202	Wajax Corp.		118,712
	15,700	West Fraser Timber Co. Ltd.		517,285
	14,897	Western Energy Services Corp.		34,669
	130,438	Western Forest Products, Inc.		233,909
	6,800	Westjet Airlines Ltd.		113,812
	1,400	Westshore Terminals Investment Corp.		20,464
	7,900	Whistler Blackcomb Holdings, Inc.		164,523
	103,511	Whitecap Resources, Inc.		776,312
	91,300	Wi-Lan, Inc.		210,295
	4,348	Winpak Ltd.		150,016
	9,714	WSP Global, Inc.		326,794
	416	Xtreme Drilling & Coil Services Corp.(d)		806
	301,066	Yamana Gold, Inc.		1,492,493
	19,314	Yellow Pages Ltd.(d)		321,105
	6,007	ZCL Composites, Inc.		39,450
				95,041,287
CHILE — 0.0%
	79,358	AES Gener SA		39,774
	208,255	Aguas Andinas SA - Class A		120,661
	109,821	Banmedica SA		186,173
	1,013	Cia Cervecerias Unidas SA		11,350
	54,166	Colbún SA		14,597
	45,839	E.Cl SA		79,630
	9,007	Embotelladora Andina SA - Class B, Preference Shares		30,462
	34,238	Empresa Nacional de Telecomunicaciones SA		298,680
	11,402	Forus SA		34,413
	11,230	Gasco SA		87,369

Shares			Value
CHILE (continued)
	282,124	Inversiones Aguas Metropolitanas SA	$	459,734
	28,820,129	Itau CorpBanca		261,952
	16,494	LATAM Airlines Group SA(d)		117,769
	3,187	Latam Airlines Group SA - BDR(d)		21,017
	43,624	Multiexport Foods SA		9,343
	36,535	Parque Arauco SA		70,750
	22,204	PAZ Corp. SA		14,216
	154,380	Sigdo Koppers SA		215,773
	1,023	Sociedad Matriz SAAM SA		79
	34,456	Sonda SA		68,805
	29,577	Vina Concha y Toro SA		49,665
				2,192,212
CHINA — 1.1%
	81,000	361 Degrees International Ltd.		29,134
	895,000	AAC Technologies Holdings, Inc.		6,224,813
	597,250	Agile Property Holdings Ltd.		340,322
	182,000	Angang Steel Co. Ltd. - H Shares		86,344
	2,000	Anhui Expressway Co. Ltd. - H Shares		1,596
	104,000	ANTA Sports Products Ltd.		266,003
	174,000	Anton Oilfield Services Group(d)		17,497
	415,500	Asia Cement China Holdings Corp.		90,525
	96,000	Aupu Group Holding Co. Ltd.		25,990
	140,000	AVIC International Holdings Ltd.		76,886
	280,000	AviChina Industry & Technology Co. - H Shares		196,367
	14,000	Bank of Chongqing Co. Ltd. - H Shares		11,082
	24,500	Baoxin Auto Group Ltd.		15,540
	104,000	Baoye Group Co. Ltd. - H Shares		68,646
	245,000	BBMG Corp. - H Shares		180,033
	614,000	Beijing Capital International Airport Co. Ltd. - H Shares		660,947
	434,000	Beijing Capital Land Ltd. - H Shares		171,767
	184,000	Beijing North Star Co. Ltd. - H Shares		58,590
	714,000	Belle International Holdings Ltd.		438,144
	955,000	Bloomage BioTechnology Corp. Ltd.		1,878,753
	2,747,000	Boer Power Holdings Ltd.		1,544,034
	452,000	BYD Electronic International Co. Ltd.(d)		259,305
	358,656	Central China Real Estate Ltd.		68,893
	23,000	Central China Securities Co. Ltd.		11,416
	32,000	Changshouhua Food Co. Ltd.		15,676

Shares			Value
CHINA (continued)
	118,000	Chaowei Power Holdings Ltd.(d)	$	75,757
	908,000	Chigo Holding Ltd.(d)		11,589
	70,000	China Animal Healthcare Ltd.(b)(c)(d)		8,799
	715,000	China Aoyuan Property Group Ltd.		141,951
	21,000	China Child Care Corp. Ltd.		1,624
	562,000	China Communications Services Corp. Ltd. - H Shares		265,897
	22,500	China Conch Venture Holdings Ltd.		45,598
	121,000	China Datang Corp. Renewable Power Co. Ltd. - H Shares(d)		14,351
	65,000	China Dredging Environment Protection Holdings Ltd.(d)		9,049
	2,378,800	China Everbright Water Ltd.(d)		1,149,734
	589,500	China Galaxy Securities Co. Ltd. - H Shares		519,818
	36,800	China Gold International Resources Corp. Ltd.(d)		74,497
	23,308	China Great Star International Ltd.(d)		40,197
	216,500	China Hongqiao Group Ltd.		158,812
	140,000	China Huishan Dairy Holdings Co. Ltd.		52,340
	151,500	China Huiyuan Juice Group Ltd.(d)		67,187
	37,700	China International Marine Containers Group Co. Ltd. - H Shares		59,003
	32,000	China ITS Holdings Co. Ltd.(d)		2,310
	466,000	China Lesso Group Holdings. Ltd.		257,123
	66,000	China Lilang Ltd.		42,288
	111,000	China Longyuan Power Group Corp. - H Shares		77,130
	156,000	China Machinery Engineering Corp. - H Shares		106,388
	135,000	China Medical System Holdings Ltd.		175,779
	183,000	China Mengniu Dairy Co. Ltd.		310,941
	638,084	China National Building Material Co. Ltd. - H Shares		330,686
	544,000	China National Materials Co. Ltd. - H Shares		144,470
	196,000	China Oilfield Services Ltd.		170,558
	648,400	China SCE Property Holdings Ltd.		137,088
	309,488	China Shanshui Cement Group Ltd.(b)(c)(d)		108,412
	49,000	China Shineway Pharmaceutical Group Ltd.		56,158
	961,093	China Shipping Container Lines Co. Ltd. - H Shares(d)		220,545
	600,000	China Shipping Development Co. Ltd., H Shares		427,748

Shares			Value
CHINA (continued)
	34,000	China Southern Airlines Co. Ltd. - H Shares	$	21,390
	85,000	China Suntien Green Energy Corp. Ltd. - H Shares		9,753
	164,000	China Taifeng Beddings Holdings Ltd.(b)(c)(d)		4,281
	24,500	China Yongda Automobiles Services Holdings Ltd.		13,108
	101,500	China ZhengTong Auto Services Holdings Ltd.		41,611
	330,000	China Zhongwang Holdings Ltd.		165,066
	144,000	Chinasoft International Ltd.(d)		52,351
	30,000	Chongqing Iron & Steel Co. Ltd. - H Shares(d)		5,066
	270,000	Chongqing Machinery & Electric Co. Ltd. - H Shares		32,023
	664,000	Chongqing Rural Commercial Bank Co. Ltd. - H Shares		350,109
	58,000	Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.(d)		9,571
	671,600	Coolpad Group Ltd.(d)		133,335
	937,443	Country Garden Holdings Co. Ltd.		371,018
	4,949,000	CPMC Holdings Ltd.(c)		2,226,664
	250,000	CSPC Pharmaceutical Group Ltd.		222,705
	9,994,000	CT Environmental Group Ltd.		2,924,671
	104,000	Da Ming International Holdings, Ltd.		34,189
	310,000	Dalian Port PDA Co. Ltd. - H Shares		135,080
	192,000	Daphne International Holdings Ltd.(d)		28,960
	54,000	Datang International Power Generation Co .Ltd. - H Shares		15,385
	37,200	Dongfang Electric Corp. Ltd. - H Shares		29,014
	459,000	Dongyue Group Ltd.(b)(c)		81,067
	263,000	Dynagreen Environmental Protection Group Co. Ltd.(d)		120,703
	44,000	ENN Energy Holdings Ltd.		215,266
	61,000	Evergrande Real Estate Group Ltd.		45,296
	774,000	Fantasia Holdings Group Co. Ltd.		102,776
	651,000	FIH Mobile Ltd.		279,471
	4,259,000	Fu Shou Yuan International Group Ltd.		2,992,375
	497,600	Fufeng Group Ltd.		155,883
	2,020,000	Geely Automobile Holdings Ltd.		1,007,800
	86,000	Golden Eagle Retail Group Ltd.		99,117
	1,180,600	GOME Electrical Appliances Holdings Ltd.		152,200

Shares			Value
CHINA (continued)
	144,000	Goodbaby International Holdings Ltd.(d)	$	80,754
	201,000	Greatview Aseptic Packaging Co. Ltd.		102,095
	41,000	Greenland Hong Kong Holdings Ltd.(d)		14,535
	225,500	Greentown China Holdings Ltd.(d)		168,320
	238,000	Guangshen Railway Co. Ltd. - H Shares		123,650
	18,000	Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. - H Shares		38,242
	266,800	Guangzhou R&F Properties Co. Ltd. - H Shares		373,532
	2,086,000	Haitian International Holdings Ltd.		3,571,282
	152,000	Harbin Electric Co. Ltd. - H Shares		62,510
	3,773,000	Hilong Holding Ltd.		437,765
	38,000	Hisense Kelon Electrical Holdings Co. Ltd. - H Shares(d)		17,832
	23,000	HNA Infrastructure Company Ltd.		24,462
	82,000	HOSA International Ltd.		26,217
	82,000	Huadian Fuxin Energy Corp. Ltd.		17,971
	74,000	Huadian Power International Corp. Ltd. - H Shares		38,064
	1,622,000	Huaneng Renewables Corp. Ltd. - H Shares		480,940
	45,000	Huishang Bank Corp. Ltd. - H Shares		21,697
	102,000	Intime Retail Group Co. Ltd.		92,047
	156,000	Jiangnan Group Ltd.		26,346
	50,000	Jiangsu Expressway Co. Ltd. - H Shares		65,877
	236,000	Jiangxi Copper Co. Ltd. - H Shares		288,729
	1,235,000	Kaisa Group Holdings Ltd.(b)(c)(d)		46,570
	164,000	Kingdee International Software Group Co. Ltd.		53,490
	465,000	KWG Property Holding Ltd.		302,131
	54,000	Lenovo Group Ltd.		42,953
	91,000	Lianhua Supermarket Holdings Co. Ltd. - H Shares(d)		35,077
	128,000	Lifetech Scientific Corp.(d)		21,782
	7,800	Livzon Pharmaceutical Group, Inc.		36,200
	528,500	Longfor Properties Co. Ltd.		744,011
	652,000	Lonking Holdings Ltd.		109,270
	130,000	Maanshan Iron & Steel Co. Ltd. - H Shares(d)		29,999
	512,000	Maoye International Holdings Ltd.		53,465
	4,141,000	Microport Scientific Corp.		2,156,743

Shares			Value
CHINA (continued)
	230,000	Microport Scientific Corp.(c)(d)	$	119,790
	132,000	Minth Group Ltd.		345,447
	80,000	NVC Lighting Holdings Ltd.(d)		8,457
	54,000	O-Net Technologies Group Ltd.(d)		17,752
	49,800	Pacific Online Ltd.		15,151
	197,000	Powerlong Real Estate Holdings Ltd.		42,667
	56,000	Qingling Motors Co. Ltd. - H Shares		18,193
	261,000	Qunxing Paper Holdings Co. Ltd.(b)(c)(d)		12,719
	67,000	Real Gold Mining Ltd.(b)(c)(d)		2,272
	3,828,145	Renhe Commercial Holdings Co. Ltd.(d)		130,781
	214,000	Sany Heavy Equipment International Holdings Co. Ltd.(d)		42,762
	10,766,806	Semiconductor Manufacturing International Corp.(d)		888,339
	70,000	Shandong Chenming Paper Holdings Ltd. - H Shares		55,137
	28,000	Shandong Weigao Group Medical Polymer Co. Ltd. - H Shares		16,857
	18,500	Shanghai Fosun Pharmaceutical Group Co. Ltd. - H Shares		50,323
	229,235	Shanghai Jin Jiang International Hotels Group Co. Ltd. - H Shares		94,568
	123,700	Shanghai Pharmaceuticals Holding Co. Ltd. - H Shares		263,127
	32,000	Shenzhen Expressway Co. Ltd. - H Shares.		28,465
	66,000	Shenzhou International Group Holdings Ltd.		342,044
	706,381	Shui On Land Ltd.		184,862
	64,000	Sichuan Expressway Co. Ltd. - H Shares		21,452
	212,000	Sihuan Pharmaceutical Holdings Group Ltd.		48,922
	73,000	SinoMedia Holding Ltd.		19,010
	1,436,062	Sino-Ocean Land Holdings Ltd.		647,967
	119,000	Sinopec Engineering Group Co. Ltd.		110,763
	224,000	Sinopec Shanghai Petrochemical Co. Ltd. - H Shares(d)		110,312
	405,000	Sinotrans Ltd. - H Shares		187,962
	334,000	Sinotruk Hong Kong Ltd.		168,789
	364,000	SOHO China Ltd.		183,481
	6,000	Springland International Holdings Ltd.		1,091
	352,000	Sunac China Holdings Ltd.		225,987
	2,217,000	Sunny Optical Technology Group Co. Ltd.		6,859,441
	76,000	TCL Communication Technology Holdings Ltd.		49,381

Shares			Value
CHINA (continued)
	36,000	Tian Shan Development Holdings Ltd.	$	14,434
	340,000	Tiangong International Co. Ltd.		27,614
	164,000	Tianneng Power International Ltd.(d)		134,678
	166,000	Tingyi Cayman Islands Holding Corp.		194,101
	1,689,000	Tong Ren Tang Technologies Co. Ltd. - H Shares		2,652,093
	22,800	Tonly Electronics Holdings Ltd.		10,582
	1,039,500	Travelsky Technology Ltd. - H Shares		1,937,781
	210,000	Trigiant Group Ltd.		35,736
	201,000	Trony Solar Holdings Co. Ltd.(b)(c)(d)		3,058
	20,000	Tsingtao Brewery Co. Ltd. - H Shares		75,803
	63,400	Uni-President China Holdings Ltd.		59,175
	124,000	Universal Health International Group Holding Ltd.		11,190
	439,200	V1 Group Ltd.		24,347
	52,000	Weichai Power Co. Ltd. - H Shares		62,747
	177,000	Weiqiao Textile Co. - H Shares		133,031
	496,000	Welling Holding Ltd.		83,126
	1,066,000	West China Cement Ltd.		225,379
	582,000	Wuzhou International Holdings Ltd.(d)		63,025
	626,000	Xiamen International Port Co. Ltd. - H Shares		129,931
	74,000	Xingda International Holdings Ltd.		15,550
	138,000	Xingye Copper International Group Ltd.(d)		16,012
	62,200	Xinjiang Goldwind Science & Technology Co. Ltd. - H Shares		102,799
	217,000	Xinjiang Xinxin Mining Industry Co. Ltd. - H Shares(d)		23,499
	212,000	Xinyi Solar Holdings Ltd.		83,905
	283,000	Xiwang Special Steel Co. Ltd.		28,092
	149,000	XTEP International Holdings Ltd.		88,168
	52,000	Yanzhou Coal Mining Co. Ltd. - H Shares		29,630
	5,180,000	Yestar International Holdings Co. Ltd.		2,076,835
	49,500	Youyuan International Holdings Ltd.		11,487
	370,000	Yuanda China Holdings Ltd.		11,591
	531,760	Yuzhou Properties Co. Ltd.		145,333
	159,000	Zall Development Group Ltd.		65,183
	97,500	Zhaojin Mining Industry Co. Ltd. - H Shares		83,335
	96,000	Zhejiang Expressway Co. Ltd. - H Shares		98,266

Shares			Value
CHINA (continued)
	40,000	Zhejiang Glass Co. Ltd. - H Shares(b)(c)(d)	$	0
	166,000	Zhong An Real Estate Ltd.(d)		15,194
	24,000	Zhuzhou CRRC Times Electric Co. Ltd.		137,220
	43,000	Zoomlion Heavy Industry Science and Technology Co. Ltd. - H Shares		14,579
				60,022,772
CURACAO — 0.0%
	71,060	Mouwasat Medical Services Co.(d)		2,526,800
DENMARK — 0.6%
	742	ALK-Abello A/S		120,552
	26,508	Alm Brand A/S		196,984
	8,231	Amagerbanken A/S(b)(c)(d)		0
	1,801	Ambu A/S - B Shares		62,068
	1,663	Bang & Olufsen A/S(d)		18,038
	2,210	Bavarian Nordic A/S(d)		84,324
	1,079	Brodrene Hartmann A/S		43,577
	308,793	Chr. Hansen Holding A/S		19,217,313
	5,133	D/S Norden A/S(d)		89,950
	10,570	Dfds A/S		422,006
	23,297	DSV A/S		980,311
	9,621	FLSmidth & Co. A/S		373,608
	3,180	Genmab A/S(d)		471,151
	66,435	GN Store Nord A/S		1,306,275
	8,562	H. Lundbeck A/S(d)		285,984
	1,804	H+H International A/S - Class B(d)		19,984
	825	Harboes Bryggeri A/S - Class B		14,470
	2,037	IC Group A/S		68,948
	27,853	ISS A/S		1,057,606
	17,993	Jyske Bank A/S		736,640
	6,510	NKT Holding A/S		370,887
	1,470	Nordjyske Bank A/S		21,259
	10,150	Per Aarsleff A S		280,309
	1,300	Ringkjoebing Landbobank A/S		273,213
	1,648	Rockwool International A/S - Class B		274,595
	9,265	Royal Unibrew A/S		418,512
	7,654	Santa Fe Group A/S(d)		73,600
	7,068	Schouw & Co.		413,225
	8,811	SimCorp A/S		396,107
	1,324	Solar A/S - Class B		68,036
	21,891	Spar Nord Bank A/S		178,504
	19,282	Sydbank A/S		545,261
	219,403	TDC A/S		1,122,720
	21,852	TK Development A/S(d)		22,694
	16,542	Topdanmark AS(d)		437,747
	18,025	Tryg A/S		340,272
	456	United International Enterprises		67,912
	3,200	William Demant Holding A/S(d)		328,877
				31,203,519

Shares			Value
FAEROE ISLANDS — 0.0%
	7,482	Bakkafrost	$	264,737
	486	BankNordik		8,449
				273,186
FINLAND — 0.4%
	3,779	Ahlstrom Oyj		34,012
	29,532	Aktia Bank Oyj		296,564
	17,970	Amer Sports Oyj		531,289
	1,322	Atria Oyj		13,548
	4,574	Cargotec Oyj - Class B		172,837
	54,402	Caverion Corp.		398,677
	32,219	Citycon Oyj		81,680
	2,317	Comptel Oyj		4,378
	6,254	Cramo Oyj		125,106
	29,832	Elisa Oyj		1,113,935
	16,218	Finnair Oyj(d)		96,567
	7,981	Fiskars Oyj Abp		154,992
	8,344	F-Secure Oyj		24,459
	7,348	HKScan Oyj - A Shares		26,504
	40,848	Huhtamaki Oyj		1,604,322
	17,769	Kemira Oyj		215,266
	9,291	Kesko OYJ - B Shares		371,185
	2,280	Kesko Oyj - Class A		91,193
	12,022	Konecranes Oyj		275,730
	23,628	Lassila & Tikanoja OYJ		410,971
	74	Lemminkainen Oyj		1,135
	75,818	Metsa Board Oyj		476,185
	27,237	Metso Oyj		654,634
	51,836	Neste Oyj		1,658,382
	31,653	Nokian Renkaat Oyj		1,167,796
	1,316	Okmetic Oyj		13,773
	2,393	Olvi Oyj - Class A		66,475
	27,474	Oriola-KD Oyj - Class B		135,904
	6,792	Orion Oyj - Class A		233,239
	21,898	Orion Oyj - Class B		763,767
	14,520	Outokumpu Oyj(d)		60,885
	6,272	PKC Group Oyj		112,754
	1,919	Poyry Oyj(d)		7,471
	38,176	Raisio Oyj - V Shares		187,969
	75,089	Ramirent Oyj		524,485
	15,890	Sanoma Oyj		77,874
	80,880	Sponda Oyj		352,111
	6,761	Stockmann Oyj Abp - Class B(d)		46,915
	293,089	Stora Enso Oyj - Class R		2,557,297
	163,338	Talvivaara Mining Co. Plc(b)(c)(d)		1,066
	4,690	Technopolis Oyj		20,246
	32,065	Tieto Oyj		841,903
	21,224	Tikkurila Oyj		372,074
	150,989	UPM-Kymmene Oyj		2,883,819
	15,354	Uponor Oyj		236,819
	3,684	Vaisala Oyj - Class A		104,869
	14,981	Valmet Oyj		187,837
	15,103	Wartsila Oyj Abp		647,479

Shares			Value
FINLAND (continued)
	32,499	YIT OYJ	$	221,790
				20,660,168
FRANCE — 2.4%
	35,055	Accor SA		1,552,813
	6,551	Actia Group		39,907
	5,380	Aeroports de Paris		677,028
	57,332	Air France-KLM(d)		514,158
	6,734	Akka Technologies SA		217,136
	8,319	Albioma SA		135,741
	6,803	Alstom SA(d)		173,869
	136	Altarea SCA REIT		28,187
	13,714	Alten SA		847,978
	25,305	Altran Technologies SA		375,379
	24,749	APRIL SA(c)		340,068
	42,415	Arkema SA		3,384,186
	3,122	Assystem		81,006
	51,892	Atos SE		4,616,280
	560	Axway Software SA		12,337
	4,971	Beneteau SA		57,547
	6,711	BioMerieux		865,655
	79,755	Boiron SA(c)		6,392,674
	106,370	Bollore SA		421,427
	8,998	Bonduelle SCA		265,823
	19,160	Bourbon SA		282,578
	20,290	Bouygues SA		676,550
	73,197	Bureau Veritas SA		1,734,963
	158	Burelle SA		146,544
	26,120	Capgemini SA		2,438,469
	92,370	Carrefour SA		2,617,249
	17,032	Casino Guichard Perrachon SA		1,013,354
	10,154	Cegedim SA(c)(d)		278,813
	2,386	Cegid Group SA		168,844
	17,960	CGG SA(d)		16,863
	6,528	Chargeurs SA		66,676
	3,649	Cie des Alpes		63,510
	27,190	Cie Generale des Etablissements Michelin - Class B		2,837,870
	23,540	CNP Assurances		400,680
	30,050	Coface SA(d)		242,548
	21,920	Dassault Systemes SA		1,714,304
	58,242	Derichebourg SA		185,399
	1,675	Devoteam SA		78,080
	15,013	Edenred		296,024
	30,573	Eiffage SA		2,430,591
	446	Electricite de Strasbourg SA		49,180
	779	Esso SA Francaise(d)		35,323
	4,816	Euler Hermes Group		457,711
	73,264	Eutelsat Communications SA		2,275,553
	1,226	Exel Industries SA - Class A		107,632
	1,633	Faiveley Transport SA		177,638
	19,271	Faurecia		795,934
	2,670	FFP		206,276
	879	Fimalac		98,708
	4,430	Fonciere Des Regions REIT		419,199
	40,245	Futuren SA(d)		29,954

Shares			Value
FRANCE (continued)
	11,234	GameLoft SA(d)	$	95,190
	8,177	Gaztransport Et Technigaz SA		303,412
	6,915	Gecina SA REIT		1,000,051
	4,254	GL Events		81,736
	1,072	Groupe Crit		70,679
	129,094	Groupe Eurotunnel SE		1,648,191
	7,871	Groupe Fnac SA(d)		454,512
	1,572	Guerbet		103,412
	2,418	Haulotte Group SA		37,793
	7,408	Havas SA		61,991
	418	HiPay Group SA(d)		4,963
	1,746	ICADE REIT		137,450
	3,690	Iliad SA		806,390
	14,001	Imerys SA		1,033,418
	75,190	Ingenico Group SA		8,867,964
	1,341	Interparfums SA		35,471
	16,110	Ipsen SA		974,916
	9,410	IPSOS		280,149
	3,503	Jacquet Metal Service		52,085
	7,047	JCDecaux SA		311,270
	31,020	Klepierre REIT		1,458,969
	293,650	Korian SA		9,250,116
	31,108	Lagardere SCA		825,324
	936	Laurent-Perrier		79,579
	1,830	Le Noble Age(d)		62,549
	2,183	Lectra		33,145
	37,840	Legrand SA		2,155,180
	1,180	Linedata Services		54,047
	245,816	LISI(c)		7,034,010
	438	Maisons France Confort SA		20,548
	3,615	Manitou BF SA		62,836
	4,121	Mersen		65,968
	30,873	Metropole Television SA		585,594
	5,327	MGI Coutier		113,455
	1,975	Mr Bricolage		29,987
	104,090	Natixis SA		574,133
	1,247	Naturex(d)		105,092
	1,285	Neopost SA		31,458
	8,744	Nexans SA(d)		407,003
	6,068	Nexity SA		325,384
	15,700	Numericable-SFR SA		513,883
	5,485	Oeneo SA		45,472
	3,092	Onxeo SA(d)		11,845
	8,604	Orpea		709,447
	79,170	Peugeot SA(d)		1,274,143
	1,273	Pierre & Vacances SA(d)		49,852
	25,703	Plastic Omnium SA		851,155
	506	Plastivaloire		40,940
	431	PSB Industries SA		23,689
	30,930	Publicis Groupe		2,288,973
	7,180	Rallye SA		138,121
	28,970	Renault SA		2,795,758
	79,155	Rexel SA		1,199,126
	523	Rothschild & Co.		13,085
	133,695	Rubis SCA		10,434,493
	8,556	Saft Groupe SA		265,893

Shares			Value
FRANCE (continued)
	1,023	Sartorius Stedim Biotech	$	390,659
	2,288	Savencia SA		151,901
	71,698	SCOR SE		2,441,190
	6,771	SEB SA		758,803
	14,950	Sequana SA(d)		46,563
	7,304	Societe BIC SA		1,036,654
	320	Societe Internationale de Plantations d’Heveas SA(d)		13,001
	11,804	Societe Television Francaise 1		141,853
	13,730	Sodexo SA		1,386,489
	2,401	Solocal Group(d)		14,296
	517	Somfy SA		188,846
	2,996	Sopra Steria Group		348,205
	12,209	Ste Industrielle d’Aviation Latecoere SA(d)		50,048
	1,615	Stef SA		121,867
	72,593	Suez Environnement Co.		1,338,281
	1,087	Sword Group		29,225
	20,120	Synergie SA(c)		607,295
	15,150	Tarkett SA		494,406
	128,112	Technicolor SA		878,705
	50,221	Technip SA		2,939,123
	22,898	Teleperformance SA		2,055,608
	318	Tessi SA		52,799
	17,890	Thales SA		1,546,621
	260	Thermador Groupe		23,775
	1,951	Trigano SA		114,381
	74,100	UBISOFT Entertainment(d)		2,152,610
	11,500	Valeo SA		1,823,129
	1,621	Valneva SE(d)		6,292
	70,410	Veolia Environnement SA		1,729,774
	602	Vetoquinol SA		24,954
	2,449	Vicat SA		170,498
	3,159	Vilmorin & Cie SA		226,113
	596	Virbac SA		108,715
	449	Vranken - Pommery Monopole SA		12,745
	4,010	Wendel SA		463,300
	1,540	XPO Logistics SA		356,204
	49,450	Zodiac Aerospace		1,159,356
				129,037,795
GEORGIA — 0.0%
	4,097	BGEO Group Plc		137,087
GERMANY — 2.7%
	23,456	Aareal Bank AG		833,148
	27,620	Adidas AG		3,561,137
	2,898	Adler Modemaerkte AG		27,542
	95,808	ADVA Optical Networking SE(d)		1,020,480
	20,551	Aixtron SE(d)		102,129
	4,617	Allgeier SE		83,636
	6,126	Alstria Office REIT AG		85,929
	5,182	Amadeus Fire AG		389,131
	9,471	Aurubis AG		513,882
	17,022	Axel Springer SE		950,388

Shares			Value
GERMANY (continued)
	310	Basler AG	$	17,216
	3,784	Bauer AG		61,787
	7,518	BayWa AG		262,560
	2,465	Bechtle AG		257,418
	15,880	Beiersdorf AG		1,424,858
	1,027	Bertrandt AG		118,597
	884	Bijou Brigitte AG		57,100
	24,171	Bilfinger SE		1,053,530
	2,505	Biotest AG		47,887
	2,694	Biotest AG - Preference Shares		48,909
	20,442	Borussia Dortmund GmbH & Co. KGaA		91,803
	43,875	Brenntag AG		2,572,755
	2,756	CANCOM SE		140,605
	6,532	Carl Zeiss Meditec AG		213,054
	2,761	CENIT AG		65,696
	4,110	CENTROTEC Sustainable AG		68,004
	8,870	Cewe Stiftung & Co. KGaA		559,022
	7,896	Comdirect Bank AG		89,781
	158,420	Commerzbank AG		1,480,222
	4,097	CompuGroup Medical SE		160,911
	5,206	Constantin Medien AG(d)		12,638
	23,721	CTS Eventim AG & Co KGaA		830,881
	1,776	Deag Deutsche Entertainment AG(d)		7,890
	31,530	Deutsche Boerse AG		2,588,267
	154,753	Deutsche Lufthansa AG(d)		2,402,843
	81,478	Deutsche Wohnen AG		2,495,224
	30,691	Deutz AG		156,597
	24,115	DMG Mori AG		1,155,329
	2,100	Dr Hoenle AG		55,282
	1,053	Draegerwerk AG & Co. KGaA		64,073
	6,958	Drillisch AG		287,102
	92,023	Duerr AG		7,367,572
	1,537	Eckert & Ziegler AG		34,125
	6,212	Elmos Semiconductor AG		77,746
	370,688	ElringKlinger AG		9,070,676
	908	Euromicron AG(d)		8,235
	10,490	Evonik Industries AG		332,302
	148,069	Fielmann AG		10,917,147
	1,910	First Sensor AG(d)		23,183
	19,763	Fraport AG Frankfurt Airport Services Worldwide		1,196,208
	44,878	Freenet AG		1,370,513
	31,670	Fresenius Medical Care AG & Co. KGaA		2,746,991
	18,964	Fuchs Petrolub SE		699,218
	23,177	Fuchs Petrolub SE - Preference Shares		991,363
	50,234	GEA Group AG		2,329,014
	17,874	Gerresheimer AG		1,329,109
	4,449	Gerry Weber International AG		64,189
	2,114	Gesco AG		176,635
	17,123	GFK SE		666,631
	2,873	GFT Technologies SE		70,433
	5,876	Grammer AG		227,418

Shares			Value
GERMANY (continued)
	1,925	Grenkeleasing AG	$	379,569
	1,190	H&R AG(d)		14,035
	3,687	Hamborner AG REIT		41,053
	5,599	Hamburger Hafen und Logistik AG		87,833
	9,830	Hannover Rueck SE		1,120,862
	18,000	HeidelbergCement AG		1,599,208
	71,944	Heidelberger Druckmaschinen AG(d)		162,124
	3,483	Hochtief AG		446,482
	648	Hornbach Baumarkt AG		20,090
	12,811	HUGO BOSS AG		816,934
	9,402	Indus Holding AG		478,648
	154,130	Infineon Technologies AG		2,192,856
	502	Init Innovation In Traffic Systems AG		8,162
	1,165	Isra Vision AG		82,641
	11,957	Jenoptik AG		186,956
	3,178	Jungheinrich AG		299,598
	75,757	K+S AG		1,889,327
	2,490	Kabel Deutschland Holding AG(c)		289,367
	18,119	KION Group AG		987,155
	19,662	Kloeckner & Co. SE		229,081
	1,774	Koenig & Bauer AG(d)		66,414
	5,079	Kontron AG(d)		16,755
	6,859	Krones AG		781,781
	740	Ksb AG		258,439
	210	KSB AG		74,796
	10,885	KUKA AG		1,072,397
	425	KWS Saat SE		147,309
	67,359	Lanxess AG		3,522,132
	7,228	Leg Immobilien AG		668,821
	798	Leifheit AG		51,170
	6,072	Leoni AG		218,769
	2,628	LPKF Laser & Electronics AG		21,817
	4,700	MAN SE		509,922
	1,101	Manz AG(d)		46,186
	89,708	Metro AG		2,850,498
	17,521	MLP AG		68,293
	175,208	MTU Aero Engines AG		16,535,340
	1,808	MVV Energie AG		40,660
	5,477	Nemetschek SE		306,048
	2,244	Nexus AG		39,313
	21,300	Nordex SE(d)		596,328
	161,803	NORMA Group SE		8,320,630
	1,516	OHB SE		33,416
	37,382	OSRAM Licht AG		1,950,814
	10,870	Patrizia Immobilien AG(d)		251,798
	1,780	Pfeiffer Vacuum Technology AG		191,305
	17,767	PNE Wind AG		44,533
	386	Progress-Werk Oberkirch AG		16,354
	35,080	ProSiebenSat.1 Media SE		1,788,304
	484	Puma SE		110,287
	29,897	QSC AG		46,387

Shares			Value
GERMANY (continued)
	870	R Stahl AG	$	29,557
	13,568	Rational AG		6,887,937
	19,717	Rheinmetall AG		1,542,465
	13,293	RHOEN-KLINIKUM AG		413,028
	91,599	RWE AG(d)		1,368,237
	16,332	SAF-Holland SA		192,247
	9,704	Salzgitter AG		328,404
	1,934	Sartorius AG - Preference Shares		477,122
	1,579	Schaltbau Holding AG		84,978
	6,126	SGL Carbon SE(d)		71,654
	7,152	Sixt SE		413,976
	3,115	Sixt SE - Preference Shares		136,218
	977	Softing AG		15,606
	16,990	Software AG		649,197
	49,185	Stada Arzneimittel AG		2,086,640
	2,480	Sto Se & CO KGAA		306,124
	7,599	STRATEC Biomedical AG		435,412
	7,241	Stroeer SE & Co. KGaA		356,528
	22,636	Suedzucker AG		399,160
	4,961	Suess MicroTec AG(d)		52,733
	1,278	Surteco SE		32,699
	35,971	Symrise AG		2,383,184
	7,410	TAG Immobilien AG		98,382
	32,248	Takkt AG		673,895
	38,835	Talanx AG		1,288,467
	423	Technotrans AG		8,714
	22,110	Tlg Immobilien AG		467,482
	4,964	Tomorrow Focus AG(d)		14,779
	83,580	TUI AG(c)		1,210,242
	24,028	United Internet AG		1,173,034
	19,170	Vib Vermoegen AG		398,515
	11,635	Villeroy & Boch AG		180,989
	41,110	Vonovia SE		1,383,247
	1,213	Vossloh AG(d)		83,962
	8,065	VTG AG		249,803
	9,072	Wacker Chemie AG		869,783
	8,248	Wacker Neuson SE		139,589
	1,136	Washtec AG		46,048
	15,110	Wincor Nixdorf Acceptance(d)		826,334
	13,310	Wirecard AG		574,803
	1,653	XING AG		313,444
				146,757,566
GIBRALTAR — 0.0%
	23,380	888 Holdings Plc		73,789
GREECE — 0.0%
	45,756	Aegean Airlines SA(c)		419,669
	96	Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products(b)(c)(d)		0
	2,153	Athens Water Supply & Sewage Co. SA (The)		11,464
	32,394	Ellaktor SA(d)		47,108
	10,168	Frigoglass SAIC(d)		2,503

Shares			Value
GREECE (continued)
	14,537	GEK Terna Holding Real Estate Construction SA(d)	$	28,464
	5,827	Hellenic Exchanges - Athens Stock Exchange SA		33,228
	142,649	Intralot SA-Integrated Lottery Systems & Services(c)(d)		166,608
	7,101	JUMBO SA(d)		93,263
	1,715	Lamda Development SA(d)		7,403
	132,453	Marfin Investment Group Holdings SA(d)		21,385
	3,653	Metka SA		27,942
	3,640	Motor Oil (Hellas) Corinth Refineries SA		41,513
	61,455	Mytilineos Holdings SA(c)		246,293
	22,848	Proton Bank SA(b)(c)(d)		0
	3,988	Sarantis SA		39,911
	12,534	T Bank SA(b)(c)(d)		0
	6,226	Terna Energy SA		19,748
	647	Thessaloniki Port Authority SA		14,358
	31,091	TT Hellenic Postbank SA(b)(c)(d)		0
				1,220,860
GUERNSEY — 0.0%
	5,739	Raven Russia Ltd.(d)		2,736
HONG KONG — 0.9%
	375,000	Agritrade Resources Ltd.		78,801
	150,000	Alibaba Pictures Group Ltd.(d)		35,194
	26,000	Allied Group Ltd.		129,046
	1,415,693	Allied Properties HK Ltd.		266,461
	138,000	AMVIG Holdings Ltd.		56,930
	520,000	Anxin-China Holdings Ltd.(b)(c)(d)		4,840
	570,000	APAC Resources Ltd.(d)		6,907
	182,250	APT Satellite Holdings Ltd.		145,200
	144,000	Asia Financial Holdings Ltd.		75,927
	34,500	Asia Satellite Telecommunications Holdings Ltd.		48,746
	297,877	Asia Standard International Group Ltd.		48,386
	364,100	ASM Pacific Technology Ltd.		2,628,576
	74,000	Associated International Hotels Ltd.(c)		200,338
	275,000	Auto Italia Holdings Ltd.(d)		6,736
	52,000	Beijing Enterprises Holdings Ltd.		272,171
	432,000	Beijing Enterprises Water Group Ltd.		258,969
	504,000	Bel Global Resources Holdings Ltd.(b)(c)(d)		0
	70,400	Bonjour Holdings Ltd.		2,904
	426,000	Bosideng International Holdings Ltd.		34,599
	218,000	Bossini International Holdings Ltd.		13,490
	25,000	Bracell Ltd.		3,126

Shares			Value
HONG KONG (continued)
	92,000	Bright Smart Securities & Commodities Group Ltd.	$	25,974
	393,000	Brightoil Petroleum Holdings Ltd.		125,141
	122,000	Brilliance China Automotive Holdings Ltd.		120,948
	56,897	Brilliant Circle Holdings International Ltd.		9,902
	1,644,354	Brockman Mining Ltd.(d)		22,894
	608,000	Burwill Holdings Ltd.(d)		22,339
	496,791	C C Land Holdings Ltd.		144,742
	44,000	Cafe de Coral Holdings Ltd.		133,017
	92,000	Carrianna Group Holdings Co. Ltd.		10,081
	554,800	Century City International Holdings Ltd.		33,974
	1,604,275	Champion Technology Holdings Ltd.(d)		23,577
	128,813	Cheuk Nang Holdings Ltd.		88,843
	85,873	Chevalier International Holdings Ltd.		135,503
	14,020	Chia Tai Enterprises International Ltd.(d)		3,796
	398,000	China Aerospace International Holdings Ltd.		51,822
	207,137	China Agri-Industries Holdings Ltd.(d)		71,299
	136,000	China All Access Holdings Ltd.		43,657
	1,196,000	China Billion Resources Ltd.(b)(c)(d)		0
	2,520,000	China Daye Non-Ferrous Metals Mining Ltd.(d)		40,609
	1,478,000	China Energy Development Holdings Ltd.(d)		18,863
	950,000	China Ever Grand Financial Leasing Group CO Ltd(d)		15,309
	46,000	China Everbright International Ltd.		51,711
	525,600	China Fiber Optic Network System Group Ltd.(d)		60,983
	62,000	China Foods Ltd.(d)		22,860
	224,000	China Gas Holdings Ltd.		324,006
	130,000	China Glass Holdings Ltd.(d)		16,759
	6,603,000	China High Precision Automation Group Ltd.(b)(c)(d)		194,722
	287,000	China High Speed Transmission Equipment Group Co. Ltd.(d)		223,106
	1,816,000	China Jinmao Holdings Group Ltd.		522,075
	10,378,000	China Lumena New Materials Corp.(b)(c)(d)		0
	1,858,000	China Lumena New Materials Corp.(d)		0
	143,703	China Merchants Holdings International Co. Ltd.		427,947
	154,000	China Merchants Land Ltd.		23,427

Shares			Value
HONG KONG (continued)
	216,000	China Metal International Holdings, Inc.	$	66,274
	193,200	China Metal Recycling Holdings Ltd.(b)(c)(d)		0
	492,557	China New Town Development Co. Ltd.(d)		19,685
	1,110,000	China Oil and Gas Group Ltd.(d)		77,273
	24,500	China Overseas Grand Oceans Group Ltd.		7,833
	136,000	China Power International Development Ltd.		58,384
	220,000	China Power New Energy Development Co. Ltd.		17,301
	251,000	China Properties Group Ltd.(d)		56,951
	101,327	China Resources Beer Holdings Co. Ltd.		223,113
	286,440	China Resources Cement Holdings Ltd.		94,533
	70,800	China Resources Gas Group Ltd.		200,802
	22,000	China Resources Power Holdings Co. Ltd.		37,267
	4,793,600	China Singyes Solar Technologies Holdings Ltd.		1,767,419
	270,000	China Smarter Energy Group Holdings Ltd.(d)		17,056
	1,104,000	China South City Holdings Ltd.		212,064
	170,000	China Star Entertainment Ltd.(d)		15,560
	249,440	China State Construction International Holdings Ltd.		389,745
	727,500	China Strategic Holdings Ltd.(d)		21,852
	365,800	China Taiping Insurance Holdings Co. Ltd.(d)		749,812
	220,000	China Ting Group Holdings Ltd.(d)		10,778
	226,000	China Travel International Investment Hong Kong Ltd.		66,137
	50,000	China Water Affairs Group Ltd.		24,752
	27,000	Chinese Estates Holdings Ltd.		67,109
	119,000	Chow Sang Sang Holdings International Ltd.		193,299
	110,000	Chu Kong Shipping Enterprises Group Co. Ltd.		27,369
	237,500	Chuang’s Consortium International Ltd.		30,924
	90,000	CIMC Enric Holdings Ltd.		47,338
	647,000	CITIC Resources Holdings Ltd.(d)		58,387
	649,000	CITIC Telecom International Holdings Ltd.		270,246
	320,000	Citychamp Watch & Jewellery Group Ltd.(d)		54,867
	1,052,000	CK Life Sciences International Holdings, Inc.		100,360
	47,000	Clear Media Ltd.		44,232

Shares			Value
HONG KONG (continued)
	142,000	CNT Group Ltd.	$	6,590
	177,000	Coastal Greenland Ltd.(d)		4,221
	185,130	Comba Telecom Systems Holdings Ltd.		32,458
	520,000	Concord New Energy Group Ltd.		28,156
	82,000	Cosco International Holdings Ltd.		44,188
	511,420	COSCO Pacific Ltd.		544,590
	1,402,000	CP Pokphand Co. Ltd.		150,016
	15,000	Cross-Harbour Holdings Ltd. (The)		20,343
	1,449,335	CSI Properties Ltd.		44,095
	3,656,000	CST Mining Group Ltd.(d)		59,387
	84,924	Dah Sing Banking Group Ltd.		151,523
	60,678	Dah Sing Financial Holdings Ltd.		415,763
	101,000	Dan Form Holdings Co. Ltd.		19,661
	80,000	Dawnrays Pharmaceutical Holdings Ltd.		65,799
	244,000	DBA Telecommunication Asia Holdings Ltd.(b)(c)(d)		2,064
	108,550	Dickson Concepts International Ltd.		30,507
	188,000	Digital China Holdings Ltd.		130,150
	108,000	Dynasty Fine Wines Group Ltd.(b)(c)(d)		3,759
	92,000	Eagle Nice International Holdings Ltd.		23,958
	116,200	EcoGreen International Group Ltd.		25,317
	168,234	EganaGoldpfeil Holdings Ltd.(b)(c)(d)		0
	243,000	Emperor Capital Group Ltd.		21,616
	325,000	Emperor Entertainment Hotel Ltd.		100,975
	386,416	Emperor International Holdings Ltd.		77,713
	130,000	Emperor Watch & Jewellery Ltd.		2,983
	347,000	Esprit Holdings Ltd.(d)		304,194
	220,000	EVA Precision Industrial Holdings Ltd.		31,482
	9,500	Fairwood Holdings Ltd.		33,680
	560,287	Far East Consortium International Ltd.		187,078
	200,000	Far East Horizon Ltd.		159,341
	1,198,000	First Pacific Co. Ltd.		759,860
	168,000	First Shanghai Investments Ltd.		27,506
	276,000	Fountain SET Holdings Ltd.		33,091
	114,000	Future Bright Holdings Ltd.		12,639
	522,000	GCL New Energy Holdings Ltd.(d)		25,909
	1,876,000	GCL-Poly Energy Holdings Ltd.		280,545
	116,000	Genting Hong Kong Ltd.		37,536
	60,150	Get Nice Financial Group Ltd(d)		8,918
	2,406,000	Get Nice Holdings Ltd.		86,849

Shares			Value
HONG KONG (continued)
	266,000	Giordano International Ltd.	$	120,365
	2,382,000	Global Brands Group Holding Ltd.(d)		282,515
	1,325,000	Glorious Property Holdings Ltd.(d)		153,734
	70,000	Glorious Sun Enterprises Ltd.		8,934
	220,000	Gold Peak Industries Holdings Ltd.		25,809
	180,000	Goldbond Group Holdings Ltd.		6,846
	157,382	Golden Meditech Holdings Ltd.		20,492
	150,000	Golden Resources Development International Ltd.		8,122
	130,000	Goldin Properties Holdings Ltd.(d)		53,965
	118,000	Goldlion Holdings Ltd.		46,854
	16,000	Good Friend International Holdings, Inc.		3,589
	103,685	Great Eagle Holdings Ltd.		421,054
	12,162,000	G-Resources Group Ltd.		279,085
	174,000	Guangdong Investment Ltd.		246,748
	150,666	Guangdong Land Holdings Ltd.(d)		43,703
	64,000	Guangnan Holdings Ltd.		7,508
	14,000	Guoco Group Ltd.		154,224
	129,600	Guotai Junan International Holdings Ltd.		43,440
	64,000	Haier Electronics Group Co. Ltd.		108,084
	406,246	Haitong International Securities Group Ltd.		235,151
	303,000	Hang Lung Group Ltd.		931,629
	133,267	Hanison Construction Holdings Ltd.		22,335
	407,000	Hao Tian Development Group Ltd.(d)		24,136
	114,000	Harbour Centre Development Ltd.		193,995
	245,400	Hengdeli Holdings Ltd.		25,625
	8,352	Hi-Level Technology Holdings Ltd(d)		501
	5,337,065	HKBN Ltd.		6,577,672
	1,211,035	HKC Holdings Ltd.(d)		22,013
	314,800	HKR International Ltd.		129,460
	90,000	Hon Kwok Land Investment Co. Ltd.		34,228
	6,000	Hong Kong Aircraft Engineering Co. Ltd.		39,062
	57,000	Hong Kong Ferry (Holdings) Co. Ltd.		65,179
	271,151	Hongkong & Shanghai Hotels Ltd. (The)		323,344
	669,700	Hongkong Chinese Ltd.		139,864
	12,650	Hopewell Highway Infrastructure Ltd.		6,311
	135,500	Hopewell Holdings Ltd.		457,670
	150,000	Hopson Development Holdings Ltd.(d)		143,098

Shares			Value
HONG KONG (continued)
	522,000	Hsin Chong Group Holdings Ltd.	$	55,182
	24,000	Hua Han Health Industry Holdings Ltd.		2,506
	439,000	Huabao International Holdings Ltd.(d)		173,179
	239,631	Hung Hing Printing Group Ltd.		29,966
	651,000	Hutchison Telecommunications Hong Kong Holdings Ltd.		228,277
	44,000	Hysan Development Co. Ltd.		194,846
	335,000	I-CABLE Communications Ltd.(d)		26,776
	1,160,000	Imagi International Holdings Ltd.(d)		13,309
	646,250	International Standard Resources Holdings Ltd.(d)		12,080
	235,000	IPE Group Ltd.		50,897
	28,266	IRC Ltd.(d)		492
	398,000	IT Ltd.		98,514
	126,000	ITC Corp. Ltd.		10,396
	95,905	ITC Properties Group Ltd.		39,193
	65,000	Jinhui Holdings Co. Ltd.(d)		7,961
	141,125	Johnson Electric Holdings Ltd.		417,540
	434,000	Ju Teng International Holdings Ltd.		195,266
	262,099	K Wah International Holdings Ltd.		127,047
	84,000	Kader Holdings Co. Ltd.(d)		7,905
	1,940,000	Kai Yuan Holdings Ltd.(d)		13,505
	42,000	Keck Seng Investments		34,112
	113,500	Kerry Logistics Network Ltd.		160,076
	366,000	Kerry Properties Ltd.		997,937
	150,200	Kingboard Chemical Holdings Ltd.		289,677
	430,500	Kingboard Laminates Holdings Ltd.		220,886
	74,000	Kingmaker Footwear Holdings Ltd.		20,702
	1,428,000	Kingston Financial Group Ltd.(d)		532,032
	344,000	Ko Yo Chemical Group Ltd.(d)		11,974
	328,000	Kowloon Development Co. Ltd.		315,868
	1,070,000	Kunlun Energy Co. Ltd.		932,486
	2,159,000	Lai Fung Holdings Ltd.		33,957
	2,074,750	Lai Sun Development Co. Ltd.		31,027
	603,200	Lai Sun Garment International Ltd.		75,430
	9,000	Lam Soon Hong Kong Ltd.		7,426
	68,000	Landsea Green Properties Co. Ltd.		6,312
	127,600	Le Saunda Holdings Ltd.		27,965
	24,000	Lee & Man Chemical Co. Ltd.		7,828
	549,200	Lee & Man Paper Manufacturing Ltd.		360,380
	15,000	Lee’s Pharmaceutical Holdings Ltd.		12,163
	364,000	Li & Fung Ltd.		225,714

Shares			Value
HONG KONG (continued)
	131,000	Lifestyle International Holdings Ltd.	$	217,182
	634,000	Lippo China Resources Ltd.		20,842
	78,000	Lippo Ltd.		48,568
	82,000	Liu Chong Hing Investment Ltd.		92,603
	399,600	Loudong General Nice Resources China Holdings Ltd.(d)		20,606
	170,000	Luen Thai Holdings Ltd.		28,052
	156,000	Luk Fook Holdings International Ltd.		355,967
	1,384,000	Magnificent Hotel Investment Ltd.		34,257
	130,000	Man Wah Holdings Ltd.		151,839
	7,700	Mandarin Oriental International Ltd.		11,549
	2,400,000	Mason Financial Holdings Ltd.(d)		99,009
	97,000	Melco International Development Ltd.		111,420
	162,000	Midland Holdings Ltd.(d)		51,585
	72,000	MIN XIN Holdings Ltd.		67,666
	429,000	Mingfa Group International Co. Ltd.(b)(c)(d)		104,528
	344,000	Minmetals Land Ltd.		35,478
	39,000	Miramar Hotel & Investment Co. Ltd.		71,696
	361,500	Neo-Neon Holdings Ltd.(d)		49,400
	1,440,000	Neptune Group Ltd.(d)		8,354
	872,000	New Century Group Hong Kong Ltd.		14,614
	516,000	Newocean Energy Holdings Ltd.		176,282
	362,000	Next Digital Ltd.		20,301
	329,000	Nine Dragons Paper Holdings Ltd.		237,093
	925,700	Noble Group Ltd.(d)		316,632
	329,492	NWS Holdings Ltd.		502,081
	400,500	O Luxe Holdings Ltd.(d)		21,943
	315,000	Orange Sky Golden Harvest Entertainment Holdings Ltd.(d)		20,711
	72,500	Orient Overseas International Ltd.		276,190
	111,200	Oriental Watch Holdings.		13,475
	118,000	Overseas Chinese Town Asia Holdings Ltd.		43,811
	1,340,246	Pacific Andes International Holdings Ltd.(b)(c)(d)		18,920
	452,000	Pacific Basin Shipping Ltd.(d)		76,335
	105,000	Pacific Textile Holdings Ltd.		135,363
	227,240	Paliburg Holdings Ltd.		69,137
	42,000	PAX Global Technology Ltd.		36,332
	667,394	PCCW Ltd.		452,564
	48,000	Peace Mark Holdings Ltd.(b)(c)(d)		0

Shares			Value
HONG KONG (continued)
	154,000	Phoenix Satellite Television Holdings Ltd.	$	35,736
	368,000	Pico Far East Holdings Ltd.		100,576
	54,000	Playmates Holdings Ltd.		68,223
	156,000	Playmates Toys Ltd.		41,228
	318,000	Poly Property Group Co. Ltd.		85,271
	460,000	Polytec Asset Holdings Ltd.		39,732
	132,000	Pou Sheng International Holdings Ltd.(d)		35,396
	78,000	Public Financial Holdings Ltd.		35,798
	692,000	PYI Corp. Ltd.		15,612
	118,000	Real Nutriceutical Group Ltd.		13,539
	314,200	Regal Hotels International Holdings Ltd.		151,492
	5,581,033	REXLot Holdings Ltd.		100,009
	248,888	SA SA International Holdings Ltd.		76,365
	139,000	Samson Holding Ltd.		15,948
	116,000	SAS Dragon Holdings Ltd.		19,441
	30,000	SEA Holdings Ltd.		96,688
	143,516	Shanghai Industrial Holdings Ltd.		327,480
	669,000	Shanghai Industrial Urban Development Group Ltd.		131,956
	1,190,000	Shanghai Zendai Property Ltd.(d)		25,313
	376,000	Shangri-La Asia Ltd.		460,009
	120,000	Shenwan Hongyuan HK Ltd.		58,322
	222,520	Shenzhen International Holdings Ltd.		364,321
	330,638	Shenzhen Investment Ltd.		133,843
	397,629	Shimao Property Holdings Ltd.		551,572
	2,408,000	Shougang Concord International Enterprises Co. Ltd.(d)		75,435
	23,826	Shun Ho Tech Holdings Ltd.(d)		7,986
	657,750	Shun Tak Holdings Ltd.		219,620
	278,000	Silver Grant International Industries Ltd.		32,255
	92,000	Sing Tao News Corp. Ltd.		12,572
	652,000	Singamas Container Holdings Ltd.		69,765
	360,000	Sino Biopharmaceutical Ltd.		256,185
	2,225,000	Sino Oil And Gas Holdings Ltd.(d)		52,205
	486,000	Sinofert Holdings Ltd.		66,413
	38,000	SIS International Holdings		20,453
	61,000	SITC International Holdings Co. Ltd.		33,029
	60,000	Sitoy Group Holdings Ltd.		21,813
	781,000	SJM Holdings Ltd.		525,573
	608,252	Skyworth Digital Holdings Ltd.		398,345
	67,643	SmarTone Telecommunications Holding Ltd.		111,969
	291,934	SMI Holdings Group Ltd.		27,850
	76,843	SOCAM Development Ltd.(d)		38,239
	6,500	Soundwill Holdings Ltd.		8,514

Shares			Value
HONG KONG (continued)
	1,392,000	South China Holdings Co. Ltd.(d)	$	104,083
	144,000	Sparkle Roll Group Ltd.(d)		8,447
	1,073,428	SRE Group Ltd.(d)		33,212
	4,102,010	SSY Group Ltd.		1,406,663
	132,000	Stella International Holdings Ltd.		333,535
	60,500	Stelux Holdings International Ltd.		5,460
	204,000	Success Universe Group Ltd.(d)		4,497
	251,000	Sun Art Retail Group Ltd.		188,325
	16,000	Sun Hing Vision Group Holdings Ltd.		5,899
	271,801	Sun Hung Kai & Co. Ltd.		159,432
	250,000	TAI Cheung Holdings Ltd.		191,442
	6,000	Tan Chong International Ltd.		1,957
	6,000	Tao Heung Holdings Ltd.		1,547
	456,000	TCC International Holdings Ltd.		91,707
	56,000	TCL Multimedia Technology Holdings Ltd.		33,426
	63,500	Techtronic Industries Co. Ltd.		238,629
	70,900	Television Broadcasts Ltd.		265,067
	125,000	Texhong Textile Group Ltd.		122,472
	256,000	Texwinca Holdings Ltd.		249,502
	185,800	Tian An China Investment Co. Ltd.		98,925
	1,116,000	Tianjin Port Development Holdings Ltd.		169,769
	130,000	Tibet Water Resources Ltd.		37,206
	2,380,000	Titan Petrochemicals Group Ltd.(b)(c)(d)		153
	124,252	Tomson Group Ltd.		36,201
	590,000	Tongda Group Holdings Ltd.		121,698
	62,000	Top Spring International Holdings Ltd.		26,856
	44,000	Towngas China Co. Ltd.		22,860
	406,000	TPV Technology Ltd.		65,949
	58,000	Tradelink Electronic Commerce Ltd.		12,861
	80,800	Transport International Holdings Ltd.		219,789
	162,000	Trinity Ltd.		16,917
	394,000	Truly International Holdings Ltd.		154,412
	233,000	TSC Group Holdings Ltd.(d)		35,144
	1,082,000	United Energy Group Ltd.(d)		57,888
	288,500	United Laboratories International Holdings Ltd. (The)(d)		120,504
	44,000	Up Energy Development Group Ltd.(d)		675
	100,000	Value Partners Group Ltd.		96,044
	188,000	Varitronix International Ltd.		150,266
	687,683	Victory City International Holdings Ltd.		47,873
	152,000	Vitasoy International Holdings Ltd.		284,918

Shares			Value
HONG KONG (continued)
	483,600	VST Holdings Ltd.	$	110,973
	27,400	VTech Holdings Ltd.		283,294
	90,622	Wasion Group Holdings Ltd.		50,470
	68,000	Wing On Co. International Ltd.		198,997
	220,000	Wing Tai Properties Ltd.		133,301
	450,000	Xinyi Glass Holdings Ltd.		308,048
	30,000	YGM Trading Ltd.		17,404
	1,301,500	Yingde Gases Group Co. Ltd.		484,902
	84,000	Yip’s Chemical Holdings Ltd.		29,238
	155,500	Yue Yuen Industrial Holdings Ltd.		567,321
	480,946	Yuexiu Property Co. Ltd.		70,063
	34,191	Yuexiu Transport Infrastructure Ltd.		22,965
	306,000	Zhuhai Holdings Investment Group Ltd.		47,733
				50,286,943
HUNGARY — 0.0%
	9,919	Magyar Telekom Telecommunications Plc(d)		17,221
INDIA — 1.2%
	293	3M India Ltd.(d)		58,856
	4,102	Aarti Industries		32,903
	8,628	ACC Ltd.		187,720
	47,479	Adani Power Ltd.(d)		22,941
	6,435	Aditya Birla Nuvo Ltd.		83,001
	33,300	Aegis Logistics Ltd.		57,809
	74,482	AIA Engineering Ltd.		1,112,682
	3,985	Ajanta Pharma Ltd.		90,989
	19,534	Alembic Ltd.		10,970
	16,192	Alembic Pharmaceuticals Ltd.		147,078
	20,161	Allahabad Bank		17,705
	1,620	Allcargo Logistics Ltd.		3,764
	241,287	Alok Industries Ltd.(d)		16,733
	1,082	Alstom India Ltd.		10,336
	209,196	Amara Raja Batteries Ltd.		3,014,624
	17,157	Ambuja Cements Ltd.		57,164
	11,406	Amtek Auto Ltd.(d)		6,870
	28,807	Anant Raj Ltd.		16,156
	16,348	Andhra Bank		13,617
	145,053	Apollo Hospitals Enterprise Ltd.		2,869,460
	9,461	Apollo Tyres Ltd.		22,843
	4,919	Arvind Infrastructure Ltd.(d)		6,589
	49,192	Arvind Ltd.		205,690
	136,311	Ashok Leyland Ltd.(d)		219,479
	1,523	Atul Ltd.		41,352
	17,706	Aurobindo Pharma Ltd.(d)		202,860
	3,198	Bajaj Corp. Ltd.		18,663
	3,238	Bajaj Finance Ltd.		333,373
	12,411	Bajaj Finserv Ltd.		350,897
	18,091	Bajaj Holdings & Investment Ltd.		392,463
	15,043	Balkrishna Industries Ltd.		151,020
	45,240	Ballarpur Industries Ltd.		11,799
	3,642	Balmer Lawrie & Co. Ltd.		31,621

Shares			Value
INDIA (continued)
	9,730	Balrampur Chini Mills Ltd.(d)	$	15,711
	84,289	Bank of Baroda		200,652
	9,497	Bank of India		13,244
	17,071	Bank of Maharashtra		7,618
	811	BASF India Ltd.		11,082
	5,028	Bata India Ltd.		44,284
	1,167	BEML Ltd. - Partly Paid Shares		16,203
	839,945	Berger Paints India Ltd.		3,260,754
	6,287	Bharat Electronics Ltd.(d)		112,020
	5,737	Bharat Forge Ltd.(d)		69,029
	37,281	Bharat Heavy Electricals Ltd.		70,481
	10,128	Biocon Ltd.		89,385
	5,808	Birla Corp. Ltd.		33,935
	22,287	Blue Dart Express Ltd.		1,907,062
	1,437	Britannia Industries Ltd.		62,017
	16,510	Cadila Healthcare Ltd.		81,542
	37,970	Cairn India Ltd.(d)		83,090
	19,327	Canara Bank		60,009
	7,476	Carborundum Universal Ltd.		21,899
	5,310	Ceat Ltd.		87,948
	553,514	Century Plyboards India Ltd.(d)		1,535,870
	9,871	Century Textiles & Industries Ltd.		95,012
	3,805	CESC Ltd.		30,891
	58,225	Chambal Fertilizers and Chemicals Ltd.		53,415
	56,756	Chennai Super Kings Cricket Ltd.(b)(c)		1,444
	36,243	City Union Bank Ltd.		51,307
	7,502	Colgate-Palmolive India Ltd.		95,101
	2,821	Container Corp. of India Ltd.		57,536
	10,814	Coromandel International Ltd.		36,536
	41,645	Corp. Bank		24,203
	21,138	Cox & Kings Ltd.		59,577
	84,163	Crisil Ltd.		2,476,610
	23,809	Crompton Greaves Consumer Electricals Ltd.(b)(c)(d)		36,469
	23,809	Crompton Greaves Ltd.(d)		20,693
	11,310	Cummins India Ltd.		150,928
	13,663	Cyient Ltd.		94,650
	4,199	Dalmia Bharat Ltd.		53,818
	6,484	DB Corp. Ltd.		31,926
	18,464	DB Realty Ltd.(d)		14,169
	27,921	DCB Bank Ltd.(d)		39,695
	17,752	Deepak Fertilizers & Petrochemicals Corp. Ltd.		40,533
	12,047	Delta Corp Ltd.		14,893
	43,420	Dena Bank.		19,573
	15,060	Divi’s Laboratories Ltd.		238,649
	4,597	DLF Ltd.		8,975
	5,324	eClerx Services Ltd.		105,922
	22,258	EID Parry India Ltd.		76,895
	178,333	Emami Ltd.(d)		2,706,720
	4,970	Engineers India Ltd.		13,435
	8,345	Eros International Media Ltd.(d)		23,243
	9,996	Escorts Ltd.		25,506

Shares			Value
INDIA (continued)
	20,879	Essel Propack Ltd.	$	57,509
	72,861	Exide Industries Ltd.		161,749
	247	FAG Bearings India Ltd.		14,773
	14,742	FDC Ltd.		40,083
	294,564	Federal Bank Ltd.		203,615
	4,296	Federal-Mogul Goetze India Ltd.(d)		20,538
	14,606	Finolex Cables Ltd.		63,099
	14,293	Finolex Industries Ltd.		77,962
	900,302	Fortis Healthcare Ltd.(d)		2,377,324
	21,658	Future Retail Ltd.		47,215
	7,516	Gateway Distriparks Ltd.		31,563
	810	GlaxoSmithKline Consumer Healthcare Ltd.		72,020
	18,031	Glenmark Pharmaceuticals Ltd.		225,476
	24,402	GMR Infrastructure Ltd.(d)		4,635
	3,837	Godfrey Phillips India, Ltd.		52,363
	6,533	Godrej Industries Ltd.		34,364
	5,642	Godrej Properties Ltd.		28,925
	8,033	Great Eastern Shipping Co. Ltd. (The)		39,765
	7,420	Greaves Cotton Ltd.		14,990
	770	Greenlam Industries Ltd.		6,994
	3,850	Greenply Industries Ltd.		12,175
	2,596	Grindwell Norton Ltd.		25,430
	10,264	Gujarat Alkalies & Chemicals(d)		28,039
	3,890	Gujarat Flourochemicals Ltd.		32,637
	349,878	Gujarat Pipavav Port Ltd.(d)		899,882
	27,992	Gujarat State Fertilizers & Chemicals Ltd.		31,377
	26,093	Gujarat State Petronet Ltd.		54,169
	27,765	Hathway Cable & Datacom Ltd.(d)		15,425
	25,011	Havells India Ltd.		125,262
	11,965	HCL Infosystems Ltd.(d)		7,495
	849	HEG Ltd.(d)		2,056
	16,680	Hexa Tradex Ltd.(d)		3,646
	21,668	Hexaware Technologies Ltd.		78,793
	71,498	Himachal Futuristic Communications Ltd.(d)		19,780
	24,188	Hindalco Industries Ltd.		35,135
	1,987	Hindustan Petroleum Corp. Ltd.		24,976
	207	Honeywell Automation India Ltd.		28,615
	28,793	Housing Development & Infrastructure Ltd.(d)		37,375
	426,273	HSIL Ltd.(c)		1,912,541
	4,443	Huhtamaki PPL Ltd.		15,091
	23,341	ICRA Ltd.(c)		1,456,481
	46,836	IDBI Bank Ltd.		48,968
	73,673	IDFC Bank Ltd.(d)		53,147
	73,673	IDFC Ltd.		49,537
	73,581	IFCI Ltd.(d)		28,288
	77,633	IIFL Holdings Ltd.		255,090
	34,426	India Cements Ltd. (The)(d)		46,322
	14,343	Indian Bank		21,083

Shares			Value
INDIA (continued)
	9,700	Intellect Design Arena Ltd.(d)	$	33,679
	5,383	Ipca Laboratories Ltd.		40,395
	8,799	IRB Infrastructure Developers Ltd.		28,342
	8,006	Jagran Prakashan Pvt Ltd.(d)		19,252
	66,242	Jain Irrigation Systems Ltd. - DVR		61,019
	57,737	Jammu & Kashmir Bank Ltd. (The)		59,800
	4,032	JBF Industries Ltd.		12,793
	6,226	Jindal Poly Films Ltd.		45,867
	29,253	Jindal Saw Ltd.		18,876
	7,796	JK Lakshmi Cement Ltd.		41,125
	13,845	JK Tyre & Industries Ltd.		17,554
	17,428	JM Financial Ltd.		10,812
	21,254	JSW Energy Ltd.		21,693
	16,885	JSW Steel Ltd.		349,563
	75,408	Jubilant Foodworks Ltd.		1,315,291
	23,442	Jubilant Organosys Ltd.(d)		141,136
	2,239	Kajaria Ceramics Ltd.		35,435
	5,420	Kalpataru Power Transmission Ltd.		17,082
	207,730	Kansai Nerolac Paints Ltd.		894,432
	22,504	Karnataka Bank Ltd. (The)		37,948
	3,825	Karur Vysya Bank Ltd. (The)		27,735
	942	Kaya Ltd.(d)		12,331
	8,595	KEC International Ltd.		16,262
	1,197	Kirloskar Oil Engines Ltd.		4,273
	34,008	Kotak Mahindra Bank Ltd.		367,689
	24,476	KPIT Technologies Ltd.		59,004
	657	Lakshmi Machine Works Ltd.		35,066
	9,541	LIC Housing Finance Ltd.		66,498
	8,542	Maharashtra Seamless Ltd.		26,136
	237	Mahindra Lifespace Developers Ltd.		1,550
	13,414	Marico Ltd.		52,398
	1,453,417	Marksans Pharma Ltd.		1,004,661
	11,396	Max Financial Services Ltd.		62,744
	11,396	Max India Ltd(b)(c)(d)		21,547
	2,279	Max Ventures & Industries(b)(c)(d)		2,437
	21,008	MindTree Ltd.		214,989
	339	Monsanto India Ltd.		9,151
	11,049	Mphasis Ltd.		81,497
	374	MRF Ltd.		190,511
	90,563	Nagarjuna Fertilizers & Chemicals Ltd.(b)(c)(d)		2,870
	48,388	NCC Ltd.		56,974
	91,063	NHPC Ltd.		28,350
	7,886	NIIT Technologies Ltd.		55,837
	1,671	Nirvikara Paper Mills Ltd.(d)		975
	471,407	NRB Bearings Ltd.(c)		888,374
	6,838	Oil India Ltd.		34,231
	19,289	OMAXE Ltd.		42,690
	1,647	Oracle Financial Sevices Software Ltd.		89,597

Shares			Value
INDIA (continued)
	9,573	Oriental Bank of Commerce	$	13,133
	17,347	Page Industries Ltd.		3,285,822
	33,462	Pantaloons Fashions and Retail Ltd(d)		74,436
	8,697	Parsvnath Developers Ltd.(d)		2,491
	6,026	PC Jeweller Ltd.		32,760
	1,578	Persistent Systems Ltd.		17,665
	51,330	Petronet LNG Ltd.		203,950
	1,475	Pfizer Ltd.		38,661
	273,807	Phoenix Mills Ltd. (The)(c)		1,325,485
	269,146	PI Industries Ltd.		2,606,046
	219,436	Pidilite Industries Ltd.		1,995,038
	533	Polaris Consulting & Services Ltd.		1,563
	23,804	Power Finance Corp Ltd.		64,364
	13,598	Prestige Estates Projects Ltd.		34,533
	1,310	Procter & Gamble Hygiene & Health Care Ltd.		124,708
	81,828	PTC India Financial Services Ltd.		48,051
	66,948	PTC India Ltd.		65,454
	36,362	Rain Industries Ltd.		20,448
	8,005	Rallis India Ltd.		23,479
	16,737	Ramco Cements Ltd. (The)		113,586
	4,423	Ratnamani Metals & Tubes Ltd.		32,481
	12,772	Raymond Ltd.		81,257
	57,342	Redington India Ltd.		93,884
	103,377	Reliance Communications Ltd.(d)		87,589
	7,440	Reliance Infrastructure Ltd.		60,407
	82,336	Reliance Power Ltd.		63,245
	38,166	Rolta India Ltd.		44,651
	37,566	Rural Electrification Corp. Ltd.(d)		101,037
	816	Sanofi India Ltd.		54,145
	32,086	Sesa Sterlite Ltd.		50,211
	463,976	SH Kelkar & Co. Ltd.		1,594,502
	6,446	Shipping Corporation of India Ltd.(d)		6,798
	2,527	Shoppers Stop Ltd.		14,667
	1,373	Shriram Transport Finance Co. Ltd.		19,517
	13,529	Shyam Century Ferrous Ltd.(c)(d)		1,407
	77,746	Sintex Industries Ltd.(d)		97,285
	15,463	SJVN Ltd.		6,632
	1,095	SKF India Ltd.		20,903
	7,092	Sobha Ltd.		31,386
	401,240	South Indian Bank Ltd. (The)		110,397
	5,376	SRF Ltd.		110,604
	13,529	Star Ferro and Cement Ltd.		24,466
	5,304	State Bank of Bikaner & Jaipur		41,857
	2,126	State Bank of Travancore		12,060
	2,418	Sterlite Technologies Ltd.		3,239
	154,101	Strides Shasun Ltd.		2,511,430
	15,536	Sun Pharmaceutical Industries Ltd.		190,025

Shares			Value
INDIA (continued)
	14,358	Sun TV Network Ltd.(d)	$	80,622
	6,937	Sundram Fasteners Ltd.		17,084
	6,405	Supreme Industries Ltd.		77,289
	43,231	Symphony Ltd.		1,555,775
	30,834	Syndicate Bank		32,377
	4,899	Tamil Nadu Newsprint & Papers Ltd.		17,224
	13,597	Tata Chemicals Ltd.		83,144
	2,779	Tata Communications Ltd.		17,312
	1,202	Tata Consultancy Services, Ltd.		45,947
	1,268	Tata Elxsi Ltd.		36,501
	75,981	Tata Power Co. Ltd.		80,758
	4,951	Tata Steel Ltd.		26,207
	25,255	Tata Tea Ltd.(d)		45,709
	2,619	Thermax Ltd.		30,480
	24,582	Titan Co. Ltd.		131,897
	133,974	Torrent Pharmaceuticals Ltd.		2,888,833
	8,427	Transport Corp. of India Ltd.		33,699
	274,616	Tree House Education and Accessories Ltd.		324,795
	104	Trent Ltd.		2,664
	5,808	Triveni Turbine Ltd.		9,623
	344	TTK Prestige Ltd.		23,269
	23,147	Tube Investments of India Ltd.		143,077
	44,084	TV18 Broadcast Ltd.(d)		25,754
	8,017	TVS Motor Co. Ltd.		38,653
	5,706	UCO Bank		3,419
	2,441	Unichem Laboratories Ltd.		9,070
	13,827	Union Bank of India		26,558
	6,122	United Breweries Ltd.		70,343
	114,212	United Phosphorus Ltd.(d)		926,197
	1,544	VA Tech Wabag Ltd.		13,381
	1,130	Vakrangee Ltd.		3,365
	6,257	Vardhman Textiles Ltd.		82,681
	10,665	Videocon Industries Ltd.		17,172
	36,860	Vijaya Bank		17,616
	10,224	Voltas Ltd.		45,240
	629	VST Industries Ltd.		15,492
	368	WABCO India Ltd.		32,174
	35,139	Welspun Corp. Ltd.		58,618
	2,827	Wockhardt Ltd.(d)		42,281
	35,865	Yes Bank Ltd.		509,858
	3,524	Zensar Technologies Ltd.		51,912
				63,136,259
INDONESIA — 0.4%
	1,130,300	Adaro Energy Tbk PT		62,566
	242,553	Adhi Karya Persero Tbk PT		49,198
	660,600	Agung Podomoro Land Tbk PT(d)		12,723
	4,569,100	AKR Corporindo Tbk PT		2,251,983
	1,513,429	Aneka Tambang Persero Tbk PT(d)		87,216
	55,891,500	Arwana Citramulia Tbk PT(c)		2,542,834
	28,100	Asahimas Flat Glass Tbk PT		14,436
	31,750,200	Bakrie & Brothers Tbk PT(d)		120,375

Shares			Value
INDONESIA (continued)
	5,078,900	Bakrie Sumatera Plantations Tbk PT(d)	$	19,256
	9,876,000	Bakrie Telecom Tbk PT(d)		37,443
	1,518,266	Bank Bukopin Tbk PT		69,075
	629,616	Bank Danamon Indonesia Tbk PT		157,070
	2,753,950	Bank Pan Indonesia Tbk PT(d)		163,926
	556,300	Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		39,651
	1,685,800	Bank Tabungan Negara Persero Tbk PT		224,978
	141,100	Bank Tabungan Pensiunan Nasional Tbk PT(d)		28,674
	54,000	Bayan Resources Tbk PT(d)		32,552
	560,000	Budi Starch & Sweetener Tbk PT(d)		2,887
	583,600	Bumi Serpong Damai Tbk PT		81,867
	4,441,690	Ciputra Development Tbk PT		419,313
	63,310	Ciputra Property Tbk PT		2,371
	188,820	Ciputra Surya Tbk PT		30,067
	542,500	Citra Marga Nusaphala Persada Tbk PT(d)		72,605
	6,654,200	Darma Henwa Tbk PT(d)		25,228
	393,500	Elnusa Tbk PT		14,709
	16,087,500	Express Transindo Utama Tbk PT(d)		237,872
	947,000	Gajah Tunggal Tbk PT		57,087
	2,161,000	Global Mediacom Tbk PT		190,079
	1,043,600	Holcim Indonesia Tbk PT		81,902
	29,200	Indo Tambangraya Megah Tbk PT		17,270
	113,400	Indosat Tbk PT(d)		57,611
	762,700	Intiland Development Tbk PT		29,495
	449,100	Japfa Comfeed Indonesia Tbk PT		31,500
	8,140,236	Kawasan Industri Jababeka Tbk PT		161,718
	60,600	Lippo Cikarang Tbk PT(d)		33,659
	8,121,650	Lippo Karawaci Tbk PT		625,074
	14,336,700	Malindo Feedmill Tbk PT(c)(d)		1,489,330
	103,000	Matahari Department Store Tbk PT		148,392
	658,300	Matahari Putra Prima Tbk PT		73,627
	1,040,367	Mayora Indah Tbk PT(c)		2,780,781
	810,300	Medco Energi Internasional Tbk PT		102,916
	515,000	Media Nusantara Citra Tbk PT		91,769
	106,200	Mitra Adiperkasa Tbk PT(d)		33,822
	5,385,600	MNC Investama Tbk PT		69,015
	651,200	Multipolar Tbk PT		18,665
	26,286,500	Nippon Indosari Corpindo Tbk PT(c)		2,890,160
	1,292,700	Pakuwon Jati Tbk PT		51,461
	2,432,900	Panin Financial Tbk PT(d)		33,391
	139,100	Pembangunan Perumahan Persero Tbk PT		38,656

Shares			Value
INDONESIA (continued)
	840,000	Perusahaan Perkebunan London Sumatra Indonesia Tbk PT	$	97,771
	481,600	PT Alam Sutera Realty Tbk		14,461
	398,800	Ramayana Lestari Sentosa Tbk PT		21,168
	6,838,800	Sarana Meditama Metropolitan Tbk PT(c)		1,560,873
	11,432,500	Sawit Sumbermas Sarana Tbk PT		1,608,075
	4,612,400	Selamat Sempurna Tbk PT(c)		1,650,783
	3,065,800	Sentul City Tbk PT		18,598
	3,720,000	Siloam International Hospitals Tbk PT		2,383,530
	117,500	Sinar Mas Agro Resources & Technology Tbk PT		26,684
	1,533,300	Summarecon Agung Tbk PT		181,954
	54,100	Surya Citra Media Tbk PT		13,127
	1,475,000	Surya Semesta Internusa Tbk PT		77,172
	458,600	Tiga Pilar Sejahtera Food Tbk(d)		39,295
	166,600	Tower Bersama Infrastructure Tbk PT(d)		74,849
	4,875,000	Truba Alam Manunggal Engineering PT(b)(c)(d)		3,697
	1,152,000	Tunas Baru Lampung Tbk PT		54,595
	539,500	Tunas Ridean Tbk PT		43,977
	38,000	United Tractors Tbk PT		43,221
	1,938,200	Visi Media Asia Tbk PT(d)		55,847
	439,785	Waskita Karya Persero Tbk PT		78,200
	219,852	Wijaya Karya Persero Tbk PT		44,177
	37,100	XL Axiata Tbk PT(d)		9,902
				24,010,211
IRELAND — 0.6%
	90,764	C&C Group Plc		407,717
	8,890	DCC Plc		787,174
	6,992	FBD Holdings Plc(d)		51,240
	139,100	FleetMatics Group Plc(d)		5,042,375
	276,610	Fyffes Plc		497,272
	551,777	Glanbia Plc		10,399,681
	87,971	Grafton Group Plc - Units(c)		887,564
	241,450	Green REIT plc		398,675
	128,605	Greencore Group Plc		677,986
	10,120	Icon Plc(d)		683,910
	16,165	IFG Group Plc		31,004
	1,691,770	Independent News & Media Plc(d)		309,947
	102,090	Irish Continental Group Plc - Units		602,028
	129,714	Irish Residential Properties REIT Plc		166,353
	34,335	James Hardie Industries Plc - CDI		483,757
	86,101	Kenmare Resources Plc(d)		986
	15,294	Kingspan Group Plc(d)		402,787
	11,844	Kingspan Group Plc		311,927

Shares			Value
IRELAND (continued)
	18,814	Paddy Power Betfair Plc	$	2,521,617
	1,182	Paddy Power Betfair PLC		158,028
	107,448	Smurfit Kappa Group Plc(d)		2,848,236
	74,382	Tarsus Group Plc(c)		286,110
	286,210	Total Produce Plc(d)		507,976
	139,031	United Drug Plc(d)		1,243,253
				29,707,603
ISLE OF MAN — 0.0%
	15,866	Gvc Holdings PLC		125,650
ISRAEL — 1.6%
	0	Africa Israel Investments Ltd.(d)		0
	5,950	Airport City Ltd.(d)		58,614
	931	Alrov Properties and Lodging		20,716
	8,652	AudioCodes Ltd.(d)		37,489
	28	Bayside Land Corp.		9,772
	7,207	Cellcom Israel Ltd.(d)		54,432
	932,500	Check Point Software Technologies Ltd.(d)		77,276,275
	0	Clal Biotechnology Industries Ltd.(d)		0
	12,818	Clal Insurance Enterprise Holdings Ltd.(d)		158,250
	4,759	Compugen Ltd.(d)		33,396
	9,651	Delek Automotive Systems Ltd.		89,654
	1,595	Delek Group Ltd.		283,488
	3,947	Delta-Galil Industries Ltd.		109,015
	9,680	Direct Insurance Financial Investments Ltd.		75,337
	56,421	El Al Israel Airlines		43,337
	7,683	Elbit Systems Ltd.		768,619
	905	Electra Ltd.		121,564
	1	Electra Real Estate Ltd.(d)		1
	1,009	Equital Ltd.(d)		17,453
	0	Evogene Ltd.(d)		4
	14,334	First International Bank of Israel Ltd.		180,268
	3,036	Formula Systems 1985 Ltd.		98,886
	9,837	Frutarom Industries Ltd.		504,165
	1,135	Hadera Paper Ltd.(d)		33,141
	66,902	Harel Insurance Investments & Financial Services Ltd.		266,072
	850	Hilan Ltd.		11,713
	360	Industrial Buildings Corp. Ltd.		348
	274,008	Israel Discount Bank Ltd. - Class A(d)		458,703
	678	Ituran Location & Control Ltd.		14,320
	4,804	Jerusalem Oil Exploration(d)		199,028
	4,100	Magic Software Enterprises Ltd.		27,553
	16,429	Matrix IT Ltd.		112,562
	1,459	Melisron Ltd.		56,844
	17,166	Menora Mivtachim Holdings Ltd.(d)		150,782
	140,788	Migdal Insurance & Financial Holding Ltd.		105,013
	76,835	Mizrahi Tefahot Bank Ltd.		890,405

Shares			Value
ISRAEL (continued)
	7,596	Naphtha Israel Petroleum Corp. Ltd.(d)	$	38,892
	736	Neto ME Holdings Ltd.		57,675
	12,080	NICE-Systems Ltd.		777,217
	7,762	Nova Measuring Instruments Ltd.(d)		85,422
	391,918	Oil Refineries Ltd.(d)		141,602
	12,789	Partner Communications Co. Ltd.(d)		66,367
	2,872	Paz Oil Co. Ltd.		447,581
	32,659	Phoenix Holdings Ltd. (The)(d)		85,763
	1,121	Plasson Industries Ltd.		30,272
	1	Protalix Biotherapeutics, Inc.(d)		1
	715	Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		29,297
	1,316	Sapiens International Corp NV		16,180
	2,898,000	Sarine Technologies Ltd.(c)		3,555,564
	68,879	Shikun & Binui Ltd.		132,985
	35,913	Shufersal Ltd.		121,969
	6,039	Strauss Group Ltd.		95,714
	3,075	Summit Real Estate Holdings Ltd.(d)		16,427
	3,108	Tower Semiconductor Ltd.(d)		37,569
	8,078	Union Bank of Israel(d)		29,597
				88,033,313
ITALY — 0.6%
	374,596	A2A SpA		534,451
	3,408	ACEA SpA		50,106
	7,099	Alerion Cleanpower SpA		15,778
	63,945	Amplifon SpA		588,327
	22,692	Ansaldo STS SpA		275,426
	35,619	Arnoldo Mondadori Editore SpA(d)		40,623
	5,010	Ascopiave SpA		13,699
	18,124	Astaldi SpA		88,864
	24,730	ASTM SpA		325,365
	14,058	Autogrill SpA(d)		119,039
	22,498	Azimut Holding SpA		566,237
	16,468	Banca Generali SpA		488,956
	4,248	Banca IFIS SpA		121,508
	30,322	Banca Mediolanum SpA		249,466
	391,750	Banca Monte Dei Paschi di Siena SpA(d)		316,919
	198,635	Banca Popolare dell’Emilia Romagna Scarl		1,161,123
	1,824,615	Banca Popolare di Milano Scarl		1,383,107
	197,161	Banca Popolare di Sondrio SCARL		735,527
	111,681	Banco di Desio e della Brianza SpA(c)		314,843
	143,795	Banco Popolare SC		1,015,087
	7,660	BasicNet SpA		31,347
	2,317	BI Esse SpA		35,207
	11,109	Brembo SpA		596,715
	21,385	Buzzi Unicem SpA		405,015

Shares			Value
ITALY (continued)
	3,861	Cairo Communication SpA	$	21,522
	62,771	Cementir Holding SpA		330,918
	196,531	CIR-Compagnie Industriali Riunite SpA(d)		245,292
	56,572	Credito Emiliano SpA		408,426
	216,734	Credito Valtellinese SC(d)		169,005
	4,557	Danieli & C Officine Meccaniche SpA		99,925
	4,885	Datalogic SpA		88,938
	36,080	Davide Campari-Milano SpA		348,274
	20,785	De’ Longhi SpA		478,618
	152,100	DeA Capital SpA		227,283
	13,421	DiaSorin SpA		783,757
	2,953	Ei Towers SpA		173,125
	534	El.En. SpA		26,415
	1,233	Engineering SpA		93,182
	18,234	ERG SpA		236,976
	5,852	Esprinet SpA		51,094
	9,629	Eurotech SpA(d)		16,318
	224,045	Falck Renewables SpA		248,848
	240,557	Finmeccanica SpA(d)		3,038,226
	34,243	FNM SpA		18,625
	58,626	Gruppo Editoriale L’Espresso SpA(d)		62,632
	51,774	Hera SpA		155,680
	365,573	Immobiliare Grande Distribuzione SIIQ SpA REIT		331,951
	57,566	IMMSI SpA(d)		28,627
	3,035	Industria Macchine Automatiche SpA		176,890
	128,806	Intek Group SpA(d)		33,554
	7,391	Interpump Group SpA		106,381
	61,258	Iren SpA		113,282
	84,914	Italcementi SpA		1,007,316
	4,398	Italmobiliare SpA		191,366
	1,509	La Doria SpA		21,944
	23,268	Maire Tecnimont SpA(d)		70,551
	1,779	Mariella Burani SpA(b)(c)(d)		0
	6,331	MARR SpA		128,821
	344,644	Mediaset SpA		1,550,922
	226,106	Mediobanca SpA		1,857,636
	143,220	Moleskine SpA		329,958
	19,054	Moncler SpA		308,941
	123,440	Parmalat SpA		344,318
	50,326	Piaggio & C SpA		111,391
	62,149	Prysmian SpA		1,465,268
	43,940	Recordati SpA		1,116,462
	98,937	Reno de Medici SpA(d)		39,991
	831	Reply SpA		118,277
	29,208	Retelit SpA(d)		21,739
	1,204	Sabaf SpA		14,131
	11,126	Safilo Group SpA(d)		98,097
	234,922	Saipem SpA(d)		112,441
	36,907	Salini Impregilo SpA		161,520
	16,278	Salvatore Ferragamo SpA		376,699
	56,253	Saras SpA(d)		97,907

Shares			Value
ITALY (continued)
	3,891	SAVE SpA/Tessera	$	59,970
	58,300	Societa Cattolica di Assicurazioni SCRL		404,880
	34,431	Societa Iniziative Autostradali e Servizi SpA		359,953
	125,769	Sogefi SpA(d)		229,556
	23,063	SOL SpA		203,345
	106,594	Terna Rete Elettrica Nazionale SpA		601,004
	4,631,702	Tiscali SpA(d)		285,862
	848	Tod’s SpA		58,552
	7,633	Trevi Finanziaria Industriale SpA		12,306
	6,610	Uni Land SpA(b)(c)(d)		0
	385,583	Unione di Banche Italiane SpA		1,634,485
	254,003	Unipol Gruppo Finanziario SpA		1,087,770
	459,272	UnipolSai SpA		1,071,768
	41,106	Vittoria Assicurazioni SpA(c)		418,676
	7,438	Yoox Net-A-Porter Group SpA(d)		217,693
	3,856	Zignago Vetro SpA		25,543
				33,803,558
JAPAN — 7.7%
	132,000	77 Bank Ltd. (The)		482,594
	2,900	A&D Co. Ltd.		10,684
	6,900	Accordia Golf Co. Ltd.		67,184
	46,000	Achilles Corp.		60,094
	4,000	Adastria Co. Ltd.		138,346
	23,800	ADEKA Corp.		348,276
	5,800	Aderans Co. Ltd.		30,308
	2,500	Advan Co. Ltd.		24,718
	196	Advance Residence Investment Corp. REIT		537,526
	2,200	Advanex, Inc.		25,205
	20,400	Advantest Corp.		203,233
	1,200	Aeon Delight Co. Ltd.		34,398
	21,200	Aeon Fantasy Co. Ltd.		481,383
	16,500	Aeon Financial Service Co. Ltd.		383,966
	6,800	Aeon Mall Co. Ltd.		97,846
	3,100	Agro-Kanesho Co. Ltd.		29,106
	84,700	Ahresty Corp.		579,526
	3,900	Ai Holdings Corp.		116,010
	17,700	Aica Kogyo Co. Ltd.		413,555
	2,700	Aichi Bank Ltd. (The)		125,865
	3,800	Aichi Corp.		29,857
	55,000	Aichi Steel Corp.		242,434
	16,000	Aichi Tokei Denki Co. Ltd.		46,015
	11,400	Aida Engineering Ltd.		108,857
	15,000	Ain Holdings, Inc.		752,820
	1,400	Aiphone Co. Ltd.		23,026
	76,000	Air Water, Inc.		1,190,000
	4,700	Airport Facilities Co. Ltd.		21,468
	49,700	Aisan Industry Co. Ltd.		388,164
	9,320	Aisin Seiki Co. Ltd.		379,282
	51,600	Aizawa Securities Co. Ltd.		285,158

Shares			Value
JAPAN (continued)
	29,900	Akebono Brake Industry Co. Ltd.(d)	$	80,089
	44,000	Akita Bank Ltd. (The)		121,165
	3,400	Alconix Corp.		50,999
	36,700	Alfresa Holdings Corp.		737,449
	11,800	Alinco, Inc.		113,120
	22,700	Allied Telesis Holdings KK(d)		8,961
	3,100	Alpen Co. Ltd.		54,308
	2,800	Alpha Corp.		26,289
	10,600	Alpine Electronics, Inc.		136,784
	40,800	Alps Electric Co. Ltd.		763,083
	6,600	Alps Logistics Co. Ltd.		35,233
	72,600	Amada Holdings Co. Ltd.		759,434
	10,100	Amano Corp.		171,434
	11,800	Amiyaki Tei Co. Ltd.		476,880
	37,100	Anest Iwata Corp.		403,428
	18,800	Anritsu Corp.		116,086
	14,000	AOI Electronics Co. Ltd.		274,079
	3,300	AOI Pro, Inc.		26,827
	43,700	AOKI Holdings, Inc.		525,304
	131,000	Aomori Bank Ltd. (The)		411,222
	6,700	Aoyama Trading Co. Ltd.		259,436
	175,000	Aozora Bank Ltd.		643,092
	7,000	Arakawa Chemical Industries Ltd.		61,974
	2,500	Arata Corp.		57,730
	16,000	Araya Industrial Co. Ltd.		18,496
	38,500	Arcland Sakamoto Co. Ltd.		412,500
	9,738	Arcs Co. Ltd.		235,762
	273,900	Arealink Co. Ltd.		296,039
	900	Argo Graphics, Inc.		15,116
	130,900	Ariake Japan Co. Ltd.		7,504,605
	8,300	Arisawa Manufacturing Co. Ltd.		44,074
	2,200	Artnature, Inc.		18,795
	2,090	As One Corp.		77,786
	13,800	Asahi Diamond Industrial Co. Ltd.		143,707
	43,650	Asahi Holdings, Inc.		607,162
	9,400	Asahi Intecc Co. Ltd.		469,117
	9,000	Asahi Kogyosha Co. Ltd.		38,233
	27,000	Asahi Yukizai Corp.		52,021
	13,000	Asanuma Corp.		31,034
	1,700	Asatsu-DK, Inc.		43,810
	2,300	Asax Co. Ltd.		29,117
	90,700	Ashikaga Holdings Co. Ltd.		277,897
	33,000	Ashimori Industry Co. Ltd.		47,763
	44,200	Asia Pile Holdings Corp.		171,566
	28,400	Asics Corp.		590,154
	2,400	ASKA Pharmaceutical Co. Ltd.		31,850
	1,600	ASKUL Corp.		65,113
	6,700	Asunaro Aoki Construction Co. Ltd.		42,379
	10,200	Atom Corp.		63,462
	41,000	Atsugi Co. Ltd.		44,314
	19,300	Autobacs Seven Co. Ltd.		342,829
	38,600	Avex Group Holdings, Inc.		498,825

Shares			Value
JAPAN (continued)
	57,000	Awa Bank Ltd. (The)	$	301,607
	3,800	Axial Retailing, Inc.		126,071
	9,300	Azbil Corp.		247,446
	34,500	Bandai Namco Holdings, Inc.		758,741
	106,000	Bando Chemical Industries Ltd.		527,011
	4,400	Bank of Iwate Ltd. (The)		170,996
	531,000	Bank of Kochi Ltd. (The)(c)		563,938
	139,000	Bank of Kyoto Ltd. (The)		977,180
	37,000	Bank of Nagoya Ltd. (The)		127,274
	19,100	Bank of Okinawa Ltd. (The)		652,523
	41,000	Bank of Saga Ltd. (The)		85,160
	25,500	Bank of the Ryukyus Ltd.		305,089
	11,800	Belc Co. Ltd.		482,979
	29,400	Belluna Co. Ltd.		152,803
	8,100	Benesse Holdings, Inc.		236,377
	8,700	Bic Camera, Inc.		88,390
	25,500	BML, Inc.		1,113,228
	1,400	Bookoff Corp.		11,579
	2,100	Broadleaf Co. Ltd.		21,474
	72,600	Brother Industries Ltd.		871,336
	88,400	Bunka Shutter Co. Ltd.		774,331
	800	C Uyemura & Co. Ltd.		35,188
	89,000	Calsonic Kansei Corp.		641,570
	900	Can Do Co. Ltd.		13,661
	18,400	Canon Electronics, Inc.		276,865
	12,000	Canon Marketing Japan, Inc.		222,632
	5,300	Capcom Co. Ltd.		126,224
	3,400	Carlit Holdings Co. Ltd.		15,338
	37,000	Casio Computer Co. Ltd.		735,479
	3,700	Cawachi Ltd.		89,092
	109,000	Central Glass Co. Ltd.		632,077
	900	Central Security Patrols Co. Ltd.		19,007
	1,300	Central Sports Co. Ltd.		28,138
	23,350	Century Tokyo Leasing Corp.		828,442
	107,000	Chiba Kogyo Bank Ltd. (The)		490,752
	1,500	Chino Corp.		14,112
	4,000	Chiyoda Co. Ltd.		106,203
	21,700	Chiyoda Integre Co. Ltd.		454,191
	3,800	Chori Co. Ltd.		56,249
	45,200	Chubu Shiryo Co. Ltd.		350,045
	60,000	Chuetsu Pulp & Paper Co. Ltd.		114,474
	150,500	Chugai Mining Co. Ltd.(d)		31,118
	6,000	Chugai Ro Co. Ltd.		11,109
	71,800	Chugoku Bank Ltd. (The)		774,684
	23,000	Chugoku Marine Paints Ltd.		167,961
	32,000	Chukyo Bank Ltd. (The)		67,669
	20,300	Ci:z Holdings Co. Ltd.		424,316
	147,100	Citizen Holdings Co. Ltd.		862,692
	41,900	CKD Corp.		359,930
	105,000	Clarion Co. Ltd.		330,592
	7,000	Cleanup Corp.		46,579
	1,900	CMIC Holdings Co. Ltd.		28,804
	4,800	CMK Corp.(d)		18,586
	18,023	Coca-Cola East Japan Co. Ltd.		341,827
	19,600	Coca-Cola West Co. Ltd.		550,789
	2,290	Cocokara Fine, Inc.		106,429

Shares			Value
JAPAN (continued)
	6,700	COLOPL Inc.	$	137,967
	6,400	Colowide Co. Ltd.		106,887
	6,100	Computer Engineering & Consulting Ltd.		91,787
	16,300	COMSYS Holdings Corp.		253,692
	80,068	Concordia Financial Group Ltd.(d)		385,591
	30,500	CONEXIO Corp.		356,024
	7,500	COOKPAD, Inc.		112,570
	5,200	Corona Corp.		52,147
	25,200	Cosmo Energy Holdings Co. Ltd.		332,289
	3,500	Cosmos Pharmaceutical Corp.		608,553
	46,600	Create Restaurants Holdings, Inc.		441,912
	26,700	Create SD Holdings Co. Ltd.		666,245
	51,500	Credit Saison Co. Ltd.		986,438
	4,700	CTI Engineering Co. Ltd.		43,334
	13,200	CyberAgent, Inc.		645,113
	214,000	Dai Nippon Toryo Co. Ltd.		390,188
	9,100	Daibiru Corp.		82,789
	55,900	Daicel Corp.		727,646
	6,000	Dai-Dan Co. Ltd.		43,421
	17,000	Daido Kogyo Co. Ltd.		30,357
	6,600	Daido Metal Co. Ltd.		50,679
	148,000	Daido Steel Co. Ltd.		518,835
	4,300	Daidoh Ltd.		19,196
	11,200	Daifuku Co. Ltd.		209,895
	59,400	Daihatsu Diesel Manufacturing Co. Ltd.		331,055
	82,000	Daihen Corp.		427,726
	96,000	Daiho Corp.		423,158
	13,000	Daiichi Jitsugyo Co. Ltd.		60,846
	6,900	Daiichi Kigenso Kagaku-Kogyo Co. Ltd.		193,252
	42,300	Dai-ichi Seiko Co. Ltd.		490,982
	16,700	Daiichikosho Co. Ltd.		718,853
	23,000	Daiken Corp.		67,227
	28,200	Daiken Medical Co. Ltd.		234,293
	19,000	Daiki Aluminium Industry Co. Ltd.		49,286
	2,300	Daikoku Denki Co. Ltd.		28,210
	8,800	Daikokutenbussan Co. Ltd.		403,609
	237,000	Daikyo, Inc.		392,030
	39,000	Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		166,410
	37,000	Daio Paper Corp.		379,389
	38,000	Daisan Bank Ltd. (The)		54,999
	4,910	Daiseki Co. Ltd.		94,508
	140,000	Daishi Bank Ltd. (The)		505,263
	6,000	Daishinku Corp.(d)		13,703
	259,000	Daito Bank Ltd. (The)		421,118
	18,160	Daito Pharmaceutical Co. Ltd.		493,256
	19	Daiwa House Residential Investment Corp. REIT		47,179
	8,800	Daiwa Industries Ltd.		77,910

Shares			Value
JAPAN (continued)
	247,000	Daiwabo Holdings Co. Ltd.	$	499,107
	10,400	DC Co. Ltd.		32,451
	43,860	DCM Holdings Co. Ltd.		339,255
	15,000	Dena Co. Ltd.		262,782
	285,000	Denka Co. Ltd.		1,248,214
	9,000	Denki Kogyo Co. Ltd.		40,940
	5,700	Denyo Co. Ltd.		62,946
	8,200	Descente Ltd.		118,376
	533,000	DIC Corp.		1,287,415
	1,400	Digital Arts, Inc.		28,987
	6,000	Disco Corp.		533,459
	23,000	DKS Co. Ltd.		73,496
	23,900	DMG Mori Co. Ltd.		286,396
	16,300	Don Quijote Co. Ltd.		608,952
	4,000	Doshisha Co. Ltd.		77,707
	5,674	Doutor Nichires Holdings Co. Ltd.		101,535
	106,000	Dowa Holdings Co. Ltd.		696,372
	400	DSB Co. Ltd.		2,801
	12,900	DTS Corp.		265,517
	2,300	Dunlop Sports Co. Ltd.		21,617
	2,300	Duskin Co. Ltd.		43,298
	900	Dydo Drinco, Inc.		46,100
	2,000	Dynic Corp.		2,820
	16,500	Eagle Industry Co. Ltd.		230,597
	242,000	Ebara Corp.		1,148,590
	800	Ebara Jitsugyo Co. Ltd.		9,466
	48,400	EDION Corp.		403,485
	52,000	Ehime Bank Ltd. (The)		109,962
	8,000	Eidai Co. Ltd.		30,677
	129,000	Eighteenth Bank Ltd. (The)		316,438
	1,900	Eiken Chemical Co. Ltd.		36,036
	2,000	Eizo Corp.		51,917
	2,800	Elecom Co. Ltd.		48,658
	700	Elematec Corp.		12,303
	3,500	Endo Lighting Corp.		30,724
	3,000	en-japan, Inc.		51,006
	15,000	Enplas Corp.		439,850
	45,500	EPS Holdings Inc.		591,842
	4,200	ESPEC Corp.		58,066
	2,300	Excel Co. Ltd.		30,393
	25,000	Exedy Corp.		609,962
	13,200	Ezaki Glico Co. Ltd.		693,496
	6,700	F@N Communications, Inc.		48,487
	3,000	FALCO HOLDINGS Co. Ltd.		38,571
	12,400	FamilyMart Co. Ltd.		674,774
	267,400	FCC Co. Ltd.		4,682,013
	250,280	Feed One Co. Ltd.		284,623
	8,300	Ferrotec Corp.		84,248
	161,200	FIDEA Holdings Co. Ltd.		265,132
	2,900	Fields Corp.		44,617
	9,300	Financial Products Group Co. Ltd.		116,687
	3,000	Findex, Inc.		38,487
	8,500	FJ Next Co. Ltd.		40,742
	28,100	Foster Electric Co. Ltd.		614,027

Shares			Value
JAPAN (continued)
	2,200	FP Corp.	$	99,972
	5,400	France Bed Holdings Co. Ltd.		50,701
	61,100	F-Tech, Inc.		598,941
	37,300	Fudo Tetra Corp.		47,326
	3,700	Fuji Co. Ltd.		84,884
	10,600	Fuji Corp. Ltd.		67,944
	238,000	Fuji Electric Co. Ltd.		1,062,500
	129,900	Fuji Kiko Co. Ltd.(c)		535,960
	12,000	Fuji Kyuko Co. Ltd.		164,662
	4,100	Fuji Media Holdings, Inc.		48,013
	13,800	Fuji Oil Co. Ltd.(d)		44,227
	9,600	Fuji Oil Holdings, Inc.		184,331
	16,200	Fuji Pharma Co. Ltd.		293,244
	2,900	Fuji Seal International, Inc.		102,754
	2,600	Fuji Soft, Inc.		60,944
	246,000	Fujibo Holdings, Inc.		497,086
	2,700	Fujicco Co. Ltd.		59,557
	76,700	Fujikura Kasei Co. Ltd.(c)		355,386
	227,000	Fujikura Ltd.		1,158,468
	1,200	Fujikura Rubber Ltd.		4,974
	2,200	Fujimi, Inc.		30,312
	27,700	Fujimori Kogyo Co. Ltd.		669,590
	23,100	Fujio Food System Co. Ltd.(c)		541,895
	25,300	Fujisash Co. Ltd.(d)		23,065
	2,200	Fujishoji Co. Ltd.		20,594
	6,000	Fujita Kanko, Inc.		27,180
	19,100	Fujitec Co. Ltd.		197,462
	37,600	Fujitsu Frontech Ltd.		356,917
	26,000	Fujitsu General Ltd.		467,951
	7,700	FuKoKu Co. Ltd.		62,961
	48,000	Fukuda Corp.		538,195
	9,500	Fukuda Denshi Co. Ltd.		523,214
	65,000	Fukui Bank Ltd. (The)		127,679
	122,000	Fukuoka Financial Group, Inc.		433,421
	391,000	Fukushima Bank Ltd. (The)		334,408
	16,300	Fukushima Industries Corp.		374,716
	28,000	Fukuyama Transporting Co. Ltd.		146,842
	6,300	FULLCAST Holdings Co. Ltd.		43,461
	3,600	Funai Soken Holdings, Inc.		56,571
	67,000	Furukawa Battery Co. Ltd. (The)		420,639
	44,000	Furukawa Co. Ltd.		66,579
	313,000	Furukawa Electric Co. Ltd.		791,325
	12,800	Furuno Electric Co. Ltd.		75,068
	4,000	Furusato Industries Ltd.		61,842
	3,500	Fuso Chemical Co. Ltd.		55,428
	11,000	Fuso Pharmaceutical Industries Ltd.		27,086
	173,900	Futaba Industrial Co. Ltd.		840,081
	46,500	Future Corp.		326,898
	15,100	Fuyo General Lease Co. Ltd.		661,335
	20,000	Gakken Holdings Co. Ltd.		46,241
	34,400	Gecoss Corp.		360,812
	17,300	Genki Sushi Co. Ltd.		344,049
	1,000	Genky Stores, Inc.		32,660

Shares			Value
JAPAN (continued)
	39,500	Geo Holdings Corp.	$	674,915
	32,500	GLOBERIDE, Inc.		415,414
	45,400	Glory Ltd.		1,548,891
	275	GLP J - REIT		339,615
	23,200	GMO Click Holdings, Inc.		165,060
	35,200	GMO Internet, Inc.		435,038
	1,600	GMO Payment Gateway, Inc.		106,015
	34,000	Godo Steel Ltd.		64,549
	4,880	Goldcrest Co. Ltd.		72,650
	16,300	Gree, Inc.		94,215
	215,000	GS Yuasa Corp.		917,387
	24,000	GSI Creos Corp.		25,714
	34,100	G-Tekt Corp.		374,010
	7,200	Gulliver International Co. Ltd.		73,556
	16,000	Gun-Ei Chemical Industry Co. Ltd.		45,414
	170,000	GungHo Online Entertainment, Inc.		460,150
	161,000	Gunma Bank Ltd. (The)		664,276
	48,000	Gunze Ltd.		137,594
	26,500	Gurunavi, Inc.		654,779
	7,200	H.I.S. Co. Ltd.		184,398
	23,735	H2O Retailing Corp.		406,216
	174,000	Hachijuni Bank Ltd. (The)		793,139
	1,600	Hagihara Industries, Inc.		38,526
	3,500	Hakudo Co. Ltd.		33,849
	41,900	Hakuhodo DY Holdings, Inc.		495,397
	4,800	Hakuto Co. Ltd.		41,594
	21,100	Hamakyorex Co. Ltd.		389,874
	19,900	Hamamatsu Photonics KK		576,988
	219,200	Haneda Zenith Holdings Co. Ltd.		383,188
	108,000	Hanwa Co. Ltd.		502,444
	32,000	Happinet Corp.		276,992
	5,000	Hard Off Corp. Co. Ltd.		71,147
	2,400	Harmonic Drive Systems, Inc.		56,301
	96,900	Haseko Corp.		928,929
	24,260	Hazama Ando Corp.		122,440
	20,200	Heiwa Corp.		437,603
	4,000	Heiwa Real Estate Co. Ltd.		51,767
	33,500	Heiwado Co. Ltd.		712,820
	15,800	Hibiya Engineering Ltd.		228,536
	16,545	Hiday Hidaka Corp.		402,896
	1,600	Hikari Tsushin, Inc.		123,910
	12,100	HI-LEX Corp.		316,943
	3,200	Hiramatsu, Inc.		21,233
	3,425	Hirose Electric Co. Ltd.		434,885
	207,000	Hiroshima Bank Ltd. (The)		782,086
	19,100	Hisamitsu Pharmaceutical Co., Inc.		938,844
	35,500	Hitachi Capital Corp.		799,417
	39,800	Hitachi Chemical Co. Ltd.		701,737
	51,000	Hitachi Construction Machinery Co. Ltd.		847,444
	9,200	Hitachi High-Technologies Corp.		261,128

Shares			Value
JAPAN (continued)
	8,700	Hitachi Koki Co. Ltd.	$	61,407
	59,000	Hitachi Kokusai Electric, Inc.		649,887
	39,300	Hitachi Transport System Ltd.		684,795
	51,500	Hitachi Zosen Corp.		272,021
	37,600	Hochiki Corp.		432,541
	10,000	Hodogaya Chemical Co. Ltd.		20,865
	121,000	Hogy Medical Co. Ltd.		6,880,169
	35,700	Hokkaido Electric Power Co., Inc.		336,197
	25,000	Hokkan Holdings Ltd.		77,303
	12,000	Hokko Chemical Industry Co. Ltd.		35,639
	61,000	Hokkoku Bank Ltd. (The)		177,726
	323,000	Hokuetsu Bank Ltd. (The)		573,750
	40,200	Hokuetsu Industries Co. Ltd.		252,761
	43,500	Hokuetsu Kishu Paper Co. Ltd.		284,549
	539,000	Hokuhoku Financial Group, Inc.		709,211
	25,000	Hokuriku Electric Industry Co. Ltd.		31,249
	43,000	Hokuriku Electric Power Co.		580,338
	53,100	Hokuriku Electrical Construction Co. Ltd.		400,745
	53,300	Hokuto Corp.		1,066,000
	3,320	Honeys Co. Ltd.		34,979
	9,600	Hoosiers Holdings		45,113
	7,700	Horiba Ltd.		303,224
	9,000	Hoshizaki Electric Co. Ltd.		784,117
	9,000	Hosokawa Micron Corp.		47,622
	2,300	House Foods Group, Inc.		45,568
	3,300	Howa Machinery Ltd.		16,903
	106,000	Hyakugo Bank Ltd. (The)		407,462
	61,000	Hyakujushi Bank Ltd. (The)		181,739
	123,700	Ibiden Co. Ltd.		1,620,656
	37,600	IBJ Leasing Co. Ltd.		673,549
	200	Ichibanya Co. Ltd.		12,914
	19,000	Ichikoh Industries Ltd.		43,929
	7,300	ICHINEN Holdings Co. Ltd.		67,168
	5,000	Ichiyoshi Securities Co. Ltd.		42,998
	1,500	Icom, Inc.		29,760
	4,300	Idec Corp.		40,858
	22,800	Idemitsu Kosan Co. Ltd.		504,857
	3,100	Ihara Chemical Industry Co. Ltd.		41,314
	6,000	IHI Corp.		13,816
	27,800	Iida Group Holdings Co. Ltd.		546,333
	39,100	Iino Kaiun Kaisha Ltd.		159,487
	5,680	IJT Technology Holdings Co. Ltd.		14,093
	14,000	Ikegami Tsushinki Co. Ltd.		17,763
	7,100	Imasen Electric Industrial		65,195
	3,500	Inaba Denki Sangyo Co. Ltd.		114,967
	300	Inaba Seisakusho Co. Ltd.		3,722
	13,200	Inabata & Co. Ltd.		133,985
	5,600	Inageya Co. Ltd.		75,211
	3,300	Ines Corp.		36,070

Shares			Value
JAPAN (continued)
	1,800	I-Net Corp.	$	19,624
	44,400	Infocom Corp.		701,887
	37,500	Information Services International-Dentsu Ltd.		722,509
	2,400	Innotech Corp.		9,677
	21,200	Intage Holdings, Inc.		278,748
	4,500	Internet Initiative Japan, Inc.		91,607
	1,100	Inui Warehouse Co. Ltd.		9,129
	1,500	Iriso Electronics Co. Ltd.		75,282
	5,000	Ise Chemicals Corp.		22,462
	39,000	Iseki & Co. Ltd.		85,771
	644,000	Ishihara Sangyo Kaisha Ltd.(d)		460,000
	31,666	IT Holdings Corp.		781,829
	11,000	Ito En Ltd.		347,368
	93,400	Itochu Enex Co. Ltd.		792,671
	9,200	Itochu Techno-Solutions Corp.		186,767
	1,300	Itochu-Shokuhin Co. Ltd.		49,972
	66,848	Itoham Yonekyu Holdings, Inc.(d)		508,271
	10,400	Itoki Corp.		67,150
	32,900	IwaiCosmo Holdings, Inc.		319,105
	35,000	Iwasaki Electric Co. Ltd.		62,171
	32,000	Iwatani Corp.		193,684
	11,000	Iwatsu Electric Co. Ltd.(d)		7,444
	101,900	Iyo Bank Ltd. (The)		701,041
	7,500	Izumi Co. Ltd.		302,397
	46,000	Izutsuya Co. Ltd.(d)		22,481
	13,900	J Trust Co. Ltd.		108,300
	52,900	J. Front Retailing Co. Ltd.		666,719
	124,000	Jaccs Co. Ltd.		506,955
	6,800	Jafco Co. Ltd.		198,759
	900	Jalux, Inc.		17,687
	1,900	Jamco Corp.		51,214
	8,300	Janome Sewing Machine Co. Ltd.(d)		46,727
	13,900	Japan Airport Terminal Co. Ltd.		524,516
	19,000	Japan Aviation Electronics Industry Ltd.		268,036
	3,600	Japan Digital Laboratory Co. Ltd.		50,312
	37,000	Japan Display, Inc.(d)		75,113
	600	Japan Drilling Co. Ltd.		13,985
	410	Japan Hotel REIT Investment Corp.		377,632
	3,900	Japan Medical Dynamic Marketing, Inc.		25,108
	8,800	Japan Petroleum Exploration Co. Ltd.		212,474
	104	Japan Prime Realty Investment Corp. REIT		467,707
	42,000	Japan Pulp & Paper Co. Ltd.		127,105
	99,000	Japan Radio Co. Ltd.		254,944
	297	Japan Retail Fund Investment Corp. REIT		742,779
	89,000	Japan Steel Works Ltd. (The)		358,844
	24,000	Japan Transcity Corp.		80,526

Shares			Value
JAPAN (continued)
	20,000	Japan Wool Textile Co. Ltd. (The)	$	143,985
	1,000	Jastec Co. Ltd.		8,900
	6,000	JBCC Holdings, Inc.		38,177
	14,200	JCU Corp.		461,767
	61,000	Jeol Ltd.		284,361
	86,000	JGC Corp.		1,522,782
	37,800	Jimoto Holdings, Inc.		51,868
	1,500	Jin Co. Ltd.		57,589
	5,000	JK Holdings Co. Ltd.		21,898
	9,000	JMS Co. Ltd.		24,530
	28,000	Joban Kosan Co. Ltd.		39,999
	24,000	J-Oil Mills, Inc.		78,947
	20,000	Joshin Denki Co. Ltd.		164,098
	122,000	Joyo Bank Ltd. (The)		443,741
	12,600	Jp-Holdings, Inc.		47,842
	5,400	JSP Corp.		96,023
	59,300	JSR Corp.		847,700
	41,000	JTEKT Corp.		551,419
	25,700	Juki Corp.		237,435
	166,000	Juroku Bank Ltd. (The)		508,609
	64,900	JVC Kenwood Corp.		168,960
	3,800	K&O Energy Group, Inc.		46,249
	34,400	kabu.com Securities Co. Ltd.		114,774
	1,000	Kabuki-Za Co. Ltd.		46,898
	10,500	Kaga Electronics Co. Ltd.		128,586
	124,000	Kajima Corp.		798,308
	15,400	Kakaku.com, Inc.		288,461
	6,500	Kaken Pharmaceutical Co. Ltd.		370,818
	1,000	Kameda Seika Co. Ltd.		41,118
	49,000	Kamei Corp.		458,684
	59,000	Kamigumi Co. Ltd.		553,402
	9,100	Kanaden Corp.		73,125
	3,000	Kanagawa Chuo Kotsu Co. Ltd.		17,002
	6,000	Kanamoto Co. Ltd.		159,305
	18,000	Kandenko Co. Ltd.		131,955
	113,000	Kaneka Corp.		989,812
	1,300	Kaneko Seeds Co. Ltd.		12,951
	220,000	Kanematsu Corp.		345,301
	1,800	Kanematsu Electronics Ltd.		32,058
	30,800	Kansai Paint Co. Ltd.		562,158
	1,600	Kansai Super Market Ltd.		13,519
	23,600	Kansai Urban Banking Corp.		232,451
	5,000	Kanto Denka Kogyo Co. Ltd.		38,111
	4,400	Kappa Create Co. Ltd.		52,064
	32,700	Kasai Kogyo Co. Ltd.		331,610
	4,400	Katakura Industries Co. Ltd.		49,376
	2,600	Kato Sangyo Co. Ltd.		66,173
	133,000	Kato Works Co. Ltd.		532,500
	2,400	KAWADA Technologies, Inc.		74,887
	2,300	Kawai Musical Instruments Manufacturing Co. Ltd.		43,103
	790,000	Kawasaki Kisen Kaisha Ltd.		1,752,256
	3,400	Kawasumi Laboratories, Inc.		25,276
	127,000	Keihan Holdings Co. Ltd.		945,338
	62,000	Keihanshin Building Co. Ltd.		344,962

Shares			Value
JAPAN (continued)
	15,000	Keihin Co. Ltd. (The)	$	19,173
	30,200	Keihin Corp.		462,367
	119,000	Keikyu Corp.		1,110,592
	45,000	Keisei Electric Railway Co. Ltd.		644,126
	109,000	Keiyo Bank Ltd. (The)		414,897
	7,800	Keiyo Co. Ltd.		38,560
	27,100	Kenedix, Inc.		120,982
	31,100	Kenko Mayonnaise Co. Ltd.		668,767
	20,800	Kewpie Corp.		565,158
	1,825	KEY Coffee, Inc.		31,492
	2,000	KFC Holdings Japan Ltd.		36,259
	8,200	Kimoto Co. Ltd.		13,102
	96,400	Kimura Chemical Plants Co. Ltd.		341,568
	10,200	Kinden Corp.		123,474
	14,000	Kintetsu Department Store Co. Ltd.(d)		39,605
	9,000	Kintetsu World Express, Inc.		122,989
	17,000	Kinugawa Rubber Industrial Co. Ltd.		122,387
	1,800	Kissei Pharmaceutical Co. Ltd.		43,190
	209,000	Kitagawa Iron Works Co. Ltd.		386,964
	12,200	Kita-Nippon Bank Ltd. (The)		314,517
	129,000	Kitano Construction Corp.		320,075
	7,900	Kito Corp.		56,726
	34,300	Kitz Corp.		143,454
	41,600	Kiyo Bank Ltd. (The)		521,173
	4,200	KLab, Inc.(d)		23,842
	8,000	KNT-CT Holdings Co. Ltd.(d)		12,256
	7,300	Koa Corp.		53,172
	22,000	Koatsu Gas Kogyo Co. Ltd.		132,951
	7,700	Kobayashi Pharmaceutical Co. Ltd.		638,289
	9,600	Kohnan Shoji Co. Ltd.		169,624
	1,300	Kohsoku Corp.		10,349
	3,000	Koike Sanso Kogyo Co. Ltd.		6,964
	19,300	Koito Manufacturing Co. Ltd.		877,932
	1,400	Kokusai Co. Ltd.		16,382
	13,800	Kokuyo Co. Ltd.		187,805
	12,000	KOMAIHALTEC, Inc.		26,617
	26,900	Komatsu Wall Industry Co. Ltd.		429,540
	12,800	Komeri Co. Ltd.		331,308
	4,600	Konaka Co. Ltd.		22,870
	25,300	Konami Holdings Corp.		816,781
	6,300	Kondotec, Inc.		51,809
	78,900	Konica Minolta, Inc.		717,812
	7,400	Konishi Co.Ltd.		95,699
	36,100	Konoike Transport Co. Ltd.		438,357
	6,400	Kose Corp.		617,143
	12,900	Koshidaka Holdings Co. Ltd.		259,334
	21,600	Kotobuki Spirits Co. Ltd.		434,842
	2,000	Kourakuen Holdings Corp.		27,989
	296,000	Krosaki Harima Corp.		676,015
	4,200	KRS Corp.		107,803
	8,428	K’s Holdings Corp.		292,683
	2,000	KU Holdings Co. Ltd.		13,383

Shares			Value
JAPAN (continued)
	59,000	Kumagai Gumi Co. Ltd.	$	165,244
	11,100	Kura Corp.		488,755
	73,000	Kurabo Industries Ltd.		133,788
	50,600	Kuraray Co. Ltd.		668,643
	66,000	Kureha Corp.		233,853
	21,000	Kurimoto Ltd.		32,763
	23,300	Kurita Water Industries Ltd.		578,558
	26,400	Kuroda Electric Co. Ltd.		421,556
	14,200	Kusuri No Aoki Co. Ltd.		780,733
	111,000	KYB Corp.		388,083
	38,000	Kyodo Printing Co. Ltd.		115,357
	6,700	Kyoei Steel Ltd.		106,482
	10,800	Kyokuto Kaihatsu Kogyo Co. Ltd.		111,350
	56,100	Kyokuto Securities Co. Ltd.		670,142
	16,000	Kyokuyo Co. Ltd.		38,947
	4,500	KYORIN Holdings, Inc.		92,368
	1,420	Kyoritsu Maintenance Co. Ltd.		112,906
	400	Kyoritsu Printing Co. Ltd.		1,053
	18,000	Kyosan Electric Manufacturing Co. Ltd.		57,180
	900	Kyoto Kimono Yuzen Co. Ltd.		7,638
	78,200	Kyowa Electronic Instruments Co. Ltd.		291,045
	22,700	Kyowa Exeo Corp.		267,109
	31,000	Kyudenko Corp.		808,797
	125,940	Kyushu Financial Group, Inc.		688,882
	3,500	Lasertec Corp.		47,303
	600	LEC, Inc.		7,499
	136,200	Leopalace21 Corp.		853,810
	19,700	Life Corp.		543,787
	8,000	Lintec Corp.		159,999
	58,000	Lion Corp.		734,812
	6,000	Look, Inc.		9,361
	7,400	Mabuchi Motor Co. Ltd.		390,865
	10,450	Macnica Fuji Electronics Holdings, Inc.		120,509
	10,000	Maeda Corp.		78,477
	31,900	Maeda Kosen Co. Ltd.		347,482
	51,000	Maeda Road Construction Co. Ltd.		955,291
	3,900	Maezawa Kasei Industries Co. Ltd.		36,837
	45,000	Makino Milling Machine Co. Ltd.		285,479
	2,300	Mandom Corp.		107,650
	900	Mani, Inc.		15,242
	1,400	Mars Engineering Corp.		25,789
	7,700	Marubun Corp.		54,493
	31,000	Marudai Food Co. Ltd.		132,566
	4,000	Marufuji Sheet Piling Co. Ltd.		8,684
	11,700	Maruha Nichiro Corp.		267,648
	31,200	Marui Group Co. Ltd.		496,444
	1,500	Maruichi Steel Tube Ltd.		45,254
	7,800	Marusan Securities Co. Ltd.		73,382
	2,900	Maruwa Co. Ltd.		85,310

Shares			Value
JAPAN (continued)
	20,000	Maruyama Manufacturing Co., Inc.	$	33,083
	20,000	Maruzen Showa Unyu Co. Ltd.		76,504
	6,400	Marvelous, Inc.		54,316
	4,200	Matsuda Sangyo Co. Ltd.		46,303
	97,700	Matsui Construction Co. Ltd.(c)		693,266
	16,400	Matsui Securities Co. Ltd.		146,891
	16,200	Matsumotokiyoshi Holdings Co. Ltd.		829,793
	3,800	Matsuya Co. Ltd.		31,214
	700	Matsuya Foods Co. Ltd.		18,401
	6,000	Max Co. Ltd.		65,019
	2,400	Maxvalu Nishinihon Co. Ltd.		35,098
	3,700	Maxvalu Tokai Co. Ltd.		59,569
	2,900	MEC Co. Ltd.		21,232
	49,200	Medipal Holdings Corp.		813,372
	5,200	Megachips Corp.		55,226
	7,800	Megmilk Snow Brand Co. Ltd.		186,276
	229,000	Meidensha Corp.		994,342
	2,600	Meiko Network Japan Co. Ltd.		29,397
	98,300	Meisei Industrial Co. Ltd.		459,164
	6,000	Meitec Corp.		216,541
	13,200	Meiwa Corp.		45,282
	1,000	Melco Holdings, Inc.		20,555
	103,000	Michinoku Bank Ltd. (The)		170,376
	4,400	Micronics Japan Co. Ltd.		41,105
	135,000	Mie Bank Ltd. (The)		257,566
	4,100	Mikuni Corp.		13,757
	1,237	Milbon Co. Ltd.		55,630
	3,500	Mimasu Semiconductor Industry Co. Ltd.		35,066
	63,000	Minato Bank Ltd. (The)		92,961
	4,000	Minebea Co. Ltd.		34,549
	2,900	Ministop Co. Ltd.		47,779
	151,100	Miraca Holdings, Inc.		6,681,631
	16,940	Mirait Holdings Corp.		154,116
	13,700	Misawa Homes Co. Ltd.		97,857
	565,800	MISUMI Group, Inc.		8,263,658
	16,300	Mitani Corp.		474,906
	78,600	Mito Securities Co. Ltd.		214,229
	7,200	Mitsuba Corp.		108,068
	149,000	Mitsubishi Gas Chemical Co., Inc.		850,028
	14,000	Mitsubishi Logistics Corp.		199,605
	170,000	Mitsubishi Materials Corp.		564,004
	11,800	Mitsubishi Nichiyu Forklift Co. Ltd.		55,008
	124,000	Mitsubishi Paper Mills Ltd.(d)		96,729
	2,100	Mitsubishi Pencil Co. Ltd.		104,408
	10,700	Mitsubishi Research Institute, Inc.		347,951
	14,100	Mitsubishi Shokuhin Co. Ltd.		372,908
	51,000	Mitsubishi Steel Manufacturing Co. Ltd.		87,716
	51,000	Mitsuboshi Belting Ltd.		411,739
	264,000	Mitsui Chemicals, Inc.		923,008

Shares			Value
JAPAN (continued)
	196,000	Mitsui Engineering & Shipbuilding Co. Ltd.	$	318,684
	42,500	Mitsui High-Tec, Inc.		271,617
	14,000	Mitsui Home Co. Ltd.		65,132
	41,000	Mitsui Matsushima Co. Ltd.		43,543
	368,000	Mitsui Mining & Smelting Co. Ltd.		719,398
	378,000	Mitsui Osk Lines Ltd.		841,974
	10,000	Mitsui Sugar Co. Ltd.		46,241
	44,000	Mitsui-Soko Holdings Co. Ltd.		121,992
	20,800	Mitsumi Electric Co. Ltd.		105,955
	12,000	Mixi, Inc.		426,316
	18,000	Miyaji Engineering Group, Inc.		25,376
	143,000	Miyazaki Bank Ltd. (The)		373,628
	18,000	Miyoshi Oil & Fat Co. Ltd.		21,147
	25,000	Mizuno Corp.		122,415
	1,500	Mochida Pharmaceutical Co. Ltd.		115,038
	1,800	Modec, Inc.		28,336
	138,000	Monex Group, Inc.		370,940
	185,300	Money Partners Group Co. Ltd.		1,145,934
	28,300	Money Square Holdings, Inc.		311,194
	7,800	Monogatari Corp. (The)		379,737
	4,700	Monotaro Co. Ltd.		148,200
	26,000	Morinaga & Co. Ltd.		128,778
	173,000	Morinaga Milk Industry Co. Ltd.		934,915
	8,400	Morita Holdings Corp.		103,895
	12,000	Mory Industries, Inc.		32,932
	6,200	MTI Ltd.		45,276
	2,000	Murakami Corp.		26,673
	284,700	Musashi Seimitsu Industry Co. Ltd.		5,710,054
	24,900	Musashino Bank Ltd. (The)		656,199
	60,700	Nabtesco Corp.		1,430,786
	5,100	NAC Co. Ltd.		41,461
	18,000	Nachi-Fujikoshi Corp.		61,071
	800	Nafco Co. Ltd.		13,368
	1,800	Nagaileben Co. Ltd.		38,148
	35,000	Nagano Bank Ltd.		61,513
	36,300	Nagase & Co. Ltd.		421,680
	5,000	Nagatanien Holdings Co. Ltd.		51,880
	157,000	Nagoya Railroad Co. Ltd.		814,511
	22,000	Nakabayashi Co. Ltd.		56,861
	20,600	Nakanishi, Inc.		682,472
	6,400	Nakano Corp.		30,617
	14,500	Nakano Refrigerators Co. Ltd.(c)		347,509
	27,000	Nakayama Steel Works Ltd.(d)		17,256
	52,100	Namura Shipbuilding Co. Ltd.		407,398
	122,000	Nankai Electric Railway Co. Ltd.		666,184
	55,000	Nanto Bank Ltd. (The)		159,727
	1,100	Natori Co. Ltd.		17,265
	24,800	ND Software Co. Ltd.		208,143
	9,000	NDS Co. Ltd.		24,953
	3,300	NEC Capital Solutions Ltd.		47,298

Shares			Value
JAPAN (continued)
	10,300	NEC Networks & System Integration Corp.	$	164,955
	11,000	NET One Systems Co. Ltd.		58,618
	7,100	Neturen Co. Ltd.		50,581
	32,700	Nexon Co. Ltd.		511,398
	5,600	Next Co. Ltd.		65,737
	120,400	NHK Spring Co. Ltd.		1,115,737
	24,000	Nice Holdings, Inc.		31,128
	6,000	Nichia Steel Works Ltd.		12,914
	38,000	Nichias Corp.		254,286
	6,000	Nichiban Co. Ltd.		35,921
	6,900	Nichicon Corp.		48,378
	32,400	Nichiha Corp.		514,320
	14,000	Nichii Gakkan Co.		108,026
	5,150	Nichi-Iko Pharmaceutical Co. Ltd.		127,879
	109,000	Nichirei Corp.		983,459
	74,700	Nichireki Co. Ltd.		551,825
	376,600	Nifco, Inc.		18,759,211
	3,900	NIFTY Corp.		38,963
	5,500	Nihon Dempa Kogyo Co. Ltd.		36,960
	1,400	Nihon Eslead Corp.		13,263
	100,900	Nihon House Holdings Co. Ltd.		350,874
	8,700	Nihon Kohden Corp.		228,048
	102,200	Nihon M&A Center, Inc.		6,089,737
	20,200	Nihon Nohyaku Co. Ltd.		110,113
	12,000	Nihon Parkerizing Co. Ltd.		110,865
	2,800	Nihon Plast Co. Ltd.		23,763
	1,100	Nihon Tokushu Toryo Co. Ltd.		8,932
	600	Nihon Trim Co. Ltd.		42,068
	15,300	Nihon Unisys Ltd.		193,263
	15,000	Nihon Yamamura Glass Co. Ltd.		23,120
	14,800	Nikkiso Co. Ltd.		118,789
	7,000	Nikko Co. Ltd.		21,447
	17,900	Nikkon Holdings Co. Ltd.		348,242
	44,000	Nippo Corp.		746,015
	4,000	Nippon Air Conditioning Services Co. Ltd.		19,925
	8,000	Nippon Beet Sugar Manufacturing Co. Ltd.		13,985
	22,000	Nippon Carbide Industries Co. Inc.		33,289
	15,000	Nippon Carbon Co. Ltd.		31,861
	31,000	Nippon Chemical Industrial Co. Ltd.		59,727
	279,000	Nippon Chemi-Con Corp.		390,705
	51,000	Nippon Chemiphar Co. Ltd.		230,075
	676,400	Nippon Coke & Engineering Co. Ltd.		508,571
	7,500	Nippon Concrete Industries Co. Ltd.		19,807
	19,205	Nippon Denko Co. Ltd.		31,948
	8,000	Nippon Densetsu Kogyo Co. Ltd.		161,880
	218,000	Nippon Electric Glass Co. Ltd.		1,198,590
	154,000	Nippon Express Co. Ltd.		736,711

Shares			Value
JAPAN (continued)
	2,300	Nippon Fine Chemical Co. Ltd.	$	16,364
	31,000	Nippon Flour Mills Co. Ltd.		245,611
	12,500	Nippon Gas Co. Ltd.		302,514
	7,500	Nippon Hume Corp.		40,602
	2,400	Nippon Kanzai Co. Ltd.		37,895
	24,000	Nippon Kayaku Co. Ltd.		268,647
	16,000	Nippon Kinzoku Co. Ltd.(d)		14,887
	47,000	Nippon Koei Co. Ltd.		154,605
	7,000	Nippon Koshuha Steel Co. Ltd.		5,066
	807,300	Nippon Light Metal Holdings Co. Ltd.		1,471,957
	73,000	Nippon Paper Industries Co. Ltd.		1,444,906
	264,600	Nippon Parking Development Co. Ltd.		305,882
	8,700	Nippon Pillar Packing Co. Ltd.		75,226
	6,100	Nippon Piston Ring Co. Ltd.		84,276
	4,000	Nippon Rietec Co. Ltd.		31,203
	74,000	Nippon Road Co. Ltd. (The)		354,004
	3,000	Nippon Seiki Co. Ltd.		59,126
	4,000	Nippon Seisen Co. Ltd.		16,917
	9,000	Nippon Sharyo Ltd.(d)		22,331
	349,000	Nippon Sheet Glass Co. Ltd.(d)		282,086
	15,900	Nippon Shokubai Co. Ltd.		865,235
	13,200	Nippon Signal Co. Ltd.		114,632
	32,000	Nippon Soda Co. Ltd.		175,038
	97,480	Nippon Steel & Sumikin Bussan Corp.		356,388
	51,100	Nippon Suisan Kaisha Ltd.		291,999
	91,000	Nippon Synthetic Chemical Industry Co. Ltd. (The)		565,329
	22,000	Nippon Thompson Co. Ltd.		82,914
	18,000	Nippon Valqua Industries Ltd.		48,214
	24,700	Nippon Yakin Kogyo Co. Ltd.(d)		33,661
	547,000	Nippon Yusen KK		1,115,592
	70,900	Nipro Corp.		715,664
	1,000	Nishikawa Rubber Co. Ltd.		17,209
	73,000	Nishimatsu Construction Co. Ltd.		326,579
	326,000	Nishi-Nippon City Bank Ltd. (The)		612,782
	28,000	Nishi-Nippon Railroad Co. Ltd.		175,526
	6,200	Nishio Rent All Co. Ltd.		168,519
	30,100	Nissan Chemical Industries Ltd.		836,237
	24,300	Nissan Shatai Co. Ltd.		249,852
	102,700	Nissan Tokyo Sales Holdings Co. Ltd.		253,854
	14,300	Nissei ASB Machine Co. Ltd.		281,834
	11,000	Nissei Build Kogyo Co. Ltd.		42,491
	2,600	Nissei Plastic Industrial Co. Ltd.		16,006
	17,500	Nissha Printing Co. Ltd.		291,447
	68,900	Nisshin Fudosan Co. Ltd.		232,473
	29,000	Nisshin Oillio Group Ltd. (The)		125,921
	37,130	Nisshin Seifun Group, Inc.		627,790
	51,324	Nisshin Steel Co. Ltd.		720,658
	90,100	Nisshinbo Holdings, Inc.		1,020,399

Shares			Value
JAPAN (continued)
	23,000	Nissin Corp.	$	67,876
	7,000	Nissin Electric Co. Ltd.		84,737
	65,400	Nissin Kogyo Co. Ltd.		934,286
	2,100	Nissin Sugar Co. Ltd.		26,803
	2,100	Nissui Pharmaceutical Co. Ltd.		25,125
	3,200	Nitta Corp.		81,594
	86,000	Nittetsu Mining Co. Ltd.		328,966
	80,000	Nitto Boseki Co. Ltd.(d)		257,143
	23,300	Nitto Kogyo Corp.		387,384
	2,600	Nitto Kohki Co. Ltd.		52,709
	12,000	Nitto Seiko Co. Ltd.		32,368
	65,200	Nittoc Construction Co. Ltd.		274,526
	1,000	NJS Co. Ltd.		11,579
	1,200	Noevir Holdings Co. Ltd.		35,019
	68,000	NOF Corp.		555,376
	2,700	Nohmi Bosai Ltd.		39,282
	3,600	Nojima Corp.		41,955
	8,500	NOK Corp.		149,070
	5,000	Nomura Co. Ltd.		87,218
	73,400	Nomura Real Estate Holdings, Inc.		1,396,256
	1	Nomura Real Estate Master Fund, Inc. REIT		1,597
	33,000	Noritake Co. Ltd.		75,056
	6,600	Noritz Corp.		113,887
	166,800	North Pacific Bank Ltd.		440,515
	4,100	NS Solutions Corp.		74,178
	195,000	NS United Kaiun Kaisha Ltd.		276,739
	3,100	NSD Co. Ltd.		50,229
	239,000	NTN Corp.		786,184
	8,400	NTT Urban Development Corp.		82,421
	9,800	Nuflare Technology, Inc.		447,171
	2,600	Obara Group, Inc.		98,722
	94,600	Obayashi Corp.		961,115
	71,200	Obayashi Road Corp.		517,940
	8,600	Obic Co. Ltd.		469,605
	11,400	Odelic Co. Ltd.		351,964
	245,000	Oenon Holdings, Inc.		504,276
	146,000	Ogaki Kyoritsu Bank Ltd. (The)		466,541
	25,900	Ohashi Technica, Inc.		294,053
	900	Ohsho Food Service Corp.		29,225
	7,245	Oiles Corp.		121,408
	113,000	Oita Bank Ltd. (The)		355,780
	167,000	Oji Holdings Corp.		711,006
	11,100	Okabe Co. Ltd.		84,711
	8,000	Okamoto Industries, Inc.		61,278
	11,900	Okamura Corp.		114,079
	187,000	Okasan Securities Group, Inc.		1,035,179
	194,000	Oki Electric Industry Co. Ltd.		282,613
	3,200	Okinawa Cellular Telephone Co.		92,030
	19,750	Okinawa Electric Power Co., Inc. (The)		516,024
	18,000	OKK Corp.		18,271
	187,000	OKUMA Corp.		1,546,617
	24,000	Okumura Corp.		130,376

Shares			Value
JAPAN (continued)
	190,000	Okura Industrial Co. Ltd.(c)	$	510,714
	11,000	Okuwa Co. Ltd.		119,408
	2,600	ONO Sokki Co. Ltd.		19,671
	2,400	Onoken Co. Ltd.		26,323
	26,000	Onward Holdings Co. Ltd.		183,759
	4,800	Open House Co. Ltd.		108,271
	3,400	OPT Holding, Inc.		21,570
	1,800	Optex Co. Ltd.		59,972
	9,000	Organo Corp.		35,273
	18,200	Orient Corp.(d)		38,145
	12,000	Origin Electric Co. Ltd.		31,128
	225	Orix JREIT, Inc. REIT		381,485
	2,400	Osaka Organic Chemical Industry Ltd.		13,985
	24,000	Osaka Soda Co. Ltd.		93,158
	7,000	Osaka Steel Co. Ltd.		118,882
	2,100	OSAKA Titanium Technologies Co. Ltd.		29,763
	5,000	Osaki Electric Co. Ltd.		36,795
	22,300	OSG Corp.		427,556
	12,200	OSJB Holdings Corp.		29,353
	9,500	Otsuka Corp.		475,000
	3,500	Otsuka Kagu Ltd.		45,395
	2,700	Oyo Corp.		29,639
	57,700	Pacific Industrial Co. Ltd.		582,423
	31,000	Pacific Metals Co. Ltd.(d)		102,265
	2,950	Pack Corp. (The)		71,532
	1,400	Pal Co. Ltd.		35,408
	5,850	PALTAC Corp.		107,873
	8,000	PanaHome Corp.		64,812
	5,300	Panasonic Industrial Devices SUNX Co. Ltd.		28,293
	2,700	Paramount Bed Holdings Co. Ltd.		104,295
	4,500	Parco Co. Ltd.		39,164
	30,300	Park24 Co. Ltd.		878,529
	3,000	Pasco Corp.		10,855
	46,300	Pasona Group, Inc.		297,643
	2,500	PC Depot Corp.		27,702
	57,100	Penta-Ocean Construction Co. Ltd.		266,180
	700	PIA Corp.		13,316
	37,400	Pigeon Corp.		1,029,555
	15,000	Pilot Corp.		621,006
	7,300	Piolax, Inc.		396,560
	299,400	Pioneer Corp.(d)		838,545
	3,500	Plenus Co. Ltd.		65,724
	2,600	Pocket Card Co. Ltd.		13,195
	2,100	Pola Orbis Holdings, Inc.		173,487
	27,600	Poletowin Pitcrew Holdings, Inc.		235,015
	121,000	Press Kogyo Co. Ltd.		432,143
	600	Pressance Corp.		21,795
	3,000	Prestige International, Inc.		35,244
	122,000	Prima Meat Packers Ltd.		347,425
	1,900	Pronexus, Inc.		19,821

Shares			Value
JAPAN (continued)
	2,000	Proto Corp.	$	26,692
	3,400	PS Mitsubishi Construction Co. Ltd.		12,686
	50,300	Qol Co. Ltd.		738,899
	34,100	Raito Kogyo Co. Ltd.		371,767
	27,500	Raysum Co. Ltd.		216,588
	1,900	Relo Holdings, Inc.		254,464
	48,700	Renaissance, Inc.		554,283
	165,840	Rengo Co. Ltd.		932,071
	22,300	Resorttrust, Inc.		482,678
	3,000	Rheon Automatic Machinery Co. Ltd.		17,171
	22,000	Rhythm Watch Co. Ltd.		30,188
	18,900	Ricoh Leasing Co. Ltd.		563,980
	1,400	Right On Co. Ltd.		19,408
	162,000	Riken Corp.		542,030
	6,500	Riken Keiki Co. Ltd.		63,778
	19,000	Riken Technos Corp.		70,893
	900	Riken Vitamin Co. Ltd.		35,526
	3,000	Ringer Hut Co. Ltd.		64,314
	3,500	Rinnai Corp.		321,382
	900	Rion Co. Ltd.		13,102
	17,500	Riso Kagaku Corp.		282,566
	1,800	Rock Field Co. Ltd.		27,778
	27,700	Rohto Pharmaceutical Co. Ltd.		492,560
	20,900	Roland DG Corp.		427,429
	43,000	Round One Corp.		259,051
	6,300	Royal Holdings Co. Ltd.		123,809
	136,000	Royal Hotel Ltd. (The)(d)		274,812
	59,000	Ryobi Ltd.		225,686
	6,000	Ryoden Trading Co. Ltd.		35,808
	3,900	Ryohin Keikaku Co. Ltd.		904,258
	8,400	Ryosan Co. Ltd.		210,395
	5,100	Ryoyo Electro Corp.		63,271
	1,800	S Foods, Inc.		43,917
	1,700	Sac’s Bar Holdings, Inc.		22,320
	22,000	Saibu Gas Co. Ltd.		55,414
	4,700	Saizeriya Co. Ltd.		85,430
	28,000	Sakai Chemical Industry Co. Ltd.		79,999
	18,000	Sakai Heavy Industries Ltd.		31,297
	1,800	Sakai Moving Service Co. Ltd.		45,068
	18,000	Sakai Ovex Co. Ltd.		28,252
	9,300	Sakata INX Corp.		108,908
	2,900	Sakata Seed Corp.		75,471
	45,300	SAMTY Co. Ltd.		458,535
	2,300	San-A Co. Ltd.		109,596
	77,000	San-Ai Oil Co. Ltd.		557,237
	28,000	Sanden Holdings Corp.		86,842
	1,100	Sanei Architecture Planning Co. Ltd.		12,871
	21,750	Sangetsu Co. Ltd.		404,746
	40,800	San-In Godo Bank Ltd. (The)		274,556
	164,000	Sanken Electric Co. Ltd.		571,842
	5,100	Sanki Engineering Co. Ltd.		41,893
	8,000	Sanko Metal Industrial Co. Ltd.		22,406

Shares			Value
JAPAN (continued)
	3,900	Sankyo Co. Ltd.	$	152,848
	8,600	Sankyo Seiko Co. Ltd.		30,472
	31,000	Sankyo Tateyama, Inc.		441,109
	112,000	Sankyu, Inc.		544,211
	14,600	Sanoh Industrial Co. Ltd.		82,742
	4,900	Sanrio Co. Ltd.		99,749
	6,800	Sanshin Electronics Co. Ltd.		58,350
	69,900	Sanwa Holdings Corp.		563,667
	19,000	Sanyo Chemical Industries Ltd.		150,714
	18,000	Sanyo Denki Co. Ltd.		92,368
	2,000	Sanyo Electric Railway Co. Ltd.		9,361
	2,400	Sanyo Housing Nagoya Co. Ltd.		21,992
	10,000	Sanyo Industries Ltd.		16,165
	118,000	Sanyo Shokai Ltd.		291,673
	225,000	Sanyo Special Steel Co. Ltd.		1,063,675
	3,300	Sanyo Trading Co. Ltd.		45,220
	65,000	Sapporo Holdings Ltd.		359,821
	1,500	SATO Holdings Corp.		32,326
	2,700	Sato Shoji Corp.		16,520
	4,100	Satori Electric Co. Ltd.		28,708
	43,600	Sawada Holdings Co. Ltd.		441,737
	11,500	Sawai Pharmaceutical Co. Ltd.		765,226
	35,000	SAXA Holdings, Inc.		66,776
	152,680	SBI Holdings, Inc.		1,667,426
	8,500	SBS Holdings, Inc.		54,643
	12,000	SCREEN Holdings Co. Ltd.		97,895
	5,800	Scroll Corp.		23,494
	12,100	SCSK Corp.		456,593
	18,800	Sega Sammy Holdings, Inc.		212,383
	4,000	Seibu Electric Industry Co. Ltd.		16,617
	18,000	Seika Corp.		37,556
	94,700	Seikitokyu Kogyo Co. Ltd.		428,998
	34,000	Seiko Holdings Corp.		133,252
	38,300	Seino Holdings Co. Ltd.		406,398
	13,400	Seiren Co. Ltd.		143,320
	12,000	Sekisui Jushi Corp.		172,444
	10,000	Sekisui Plastics Co. Ltd.		33,459
	24,000	Senko Co. Ltd.		159,023
	2,000	Senshu Electric Co. Ltd.		29,906
	180,920	Senshu Ikeda Holdings, Inc.		705,656
	8,800	Senshukai Co. Ltd.		61,947
	2,600	Septeni Holdings Co. Ltd.		63,289
	2,000	Seria Co. Ltd.		118,985
	112,100	Seven Bank Ltd.		496,232
	187,000	Sharp Corp.(d)		260,113
	28,800	Shibaura Electronics Co. Ltd.(c)		405,203
	1,000	Shibaura Mechatronics Corp.		1,964
	17,000	Shibusawa Warehouse Co. Ltd. (The)		44,098
	5,100	Shibuya Corp.		62,743
	1,400	Shidax Corp.		6,592
	161,000	Shiga Bank Ltd. (The)		729,342
	44,000	Shikibo Ltd.		45,902
	36,000	Shikoku Bank Ltd. (The)		72,068
	14,000	Shikoku Chemicals Corp.		118,289

Shares			Value
JAPAN (continued)
	41,700	Shikoku Electric Power Co., Inc.	$	532,616
	6,900	Shima Seiki Manufacturing Ltd.		117,961
	12,749	Shimachu Co. Ltd.		307,821
	34,000	Shimadzu Corp.		541,316
	5,400	Shimamura Co. Ltd.		752,650
	2,700	Shimizu Bank Ltd. (The)		58,847
	3,100	Shin Nippon Air Technologies Co. Ltd.		28,844
	311,000	Shinagawa Refractories Co. Ltd.(c)		567,049
	17,000	Shindengen Electric Manufacturing Co. Ltd.		64,229
	2,000	Shin-Keisei Electric Railway Co. Ltd.		7,914
	25,500	Shinko Electric Industries Co. Ltd.		149,070
	5,300	Shinko Plantech Co. Ltd.		41,942
	4,900	Shinko Shoji Co. Ltd.		49,737
	8,000	Shinmaywa Industries Ltd.		57,594
	8,400	Shinnihon Corp.		40,263
	295,000	Shinsei Bank Ltd.		432,519
	30,000	Shinsho Corp.		55,827
	900	Shinwa Co. Ltd.		11,952
	21,300	Ship Healthcare Holdings, Inc.		547,114
	3,000	Shizuki Electric Co., Inc.		15,451
	65,700	Shizuoka Gas Co. Ltd.		461,258
	7,000	Shochiku Co. Ltd.		71,579
	26,700	Shoei Co. Ltd.		418,066
	3,000	Shoei Foods Corp.		38,289
	11,000	Shoko Co. Ltd.(d)		7,961
	1,000	Showa Aircraft Industry Co. Ltd.		9,756
	102,800	Showa Corp.		930,417
	1,478,620	Showa Denko KK		1,598,133
	100,000	Showa Sangyo Co. Ltd.		453,008
	118,900	Showa Shell Sekiyu KK		1,282,868
	17,800	Siix Corp.		547,885
	16,000	Sinanen Holdings Co. Ltd.		62,556
	31,000	Sinfonia Technology Co. Ltd.		42,538
	2,600	Sinko Industries Ltd.		35,945
	5,800	Sintokogio Ltd.		50,695
	107,200	SKY Perfect JSAT Holdings, Inc.		589,398
	8,000	SMK Corp.		34,060
	2,800	SMS Co. Ltd.(d)		53,999
	3,700	SNT Corp.		21,769
	17,500	Sodick Co. Ltd.		142,105
	3,600	Soft99 Corp.		25,207
	13,400	Sogo Medical Co. Ltd.		399,229
	11,000	Sohgo Security Services Co. Ltd.		634,774
	657,000	Sojitz Corp.		1,376,983
	88,000	Sotetsu Holdings, Inc.		581,429
	18,500	Sparx Group Co. Ltd.		37,904
	700	SPK Corp.		13,105
	5,000	Square Enix Holdings Co. Ltd.		133,412

Shares			Value
JAPAN (continued)
	19,000	SRA Holdings, Inc.	$	459,107
	300	ST Corp.		3,104
	13,200	St. Marc Holdings Co. Ltd.		367,466
	36,500	Stanley Electric Co. Ltd.		786,259
	6,500	Star Micronics Co. Ltd.		78,257
	11,900	Start Today Co. Ltd.		518,947
	4,900	Starts Corp., Inc.		105,138
	2,200	Starzen Co. Ltd.		65,648
	32,100	Stella Chemifa Corp.		666,135
	20,800	Studio Alice Co. Ltd.		525,083
	2,700	Sugi Holdings Co. Ltd.		134,999
	2,700	Sugimoto & Co. Ltd.		31,238
	35,400	Sumco Corp.		241,212
	4,800	Sumida Corp.		31,173
	22,000	Suminoe Textile Co. Ltd.		55,414
	104,000	Sumitomo Bakelite Co. Ltd.		446,692
	39,500	Sumitomo Densetsu Co. Ltd.		504,145
	96,400	Sumitomo Forestry Co. Ltd.		1,163,323
	144,000	Sumitomo Heavy Industries Ltd.		640,150
	139,400	Sumitomo Mitsui Construction Co. Ltd.		125,774
	306,000	Sumitomo Osaka Cement Co. Ltd.		1,351,692
	7,000	Sumitomo Precision Products Co. Ltd.		22,105
	1,980	Sumitomo Real Estate Sales Co. Ltd.		41,331
	46,400	Sumitomo Riko Co. Ltd.		413,414
	73,500	Sumitomo Rubber Industries Ltd.		1,174,342
	102,000	Sumitomo Seika Chemicals Co. Ltd.		508,083
	21,000	Sumitomo Warehouse Co. Ltd. (The)		109,145
	38,000	Sun Frontier Fudousan Co. Ltd.		368,571
	6,000	Sundrug Co. Ltd.		444,361
	3,600	Sun-Wa Technos Corp.		23,989
	21,770	Suzuken Co. Ltd.		782,615
	76,000	SWCC Showa Holdings Co. Ltd.(d)		47,143
	1,700	Systena Corp.		26,315
	23,400	T&K Toka Co. Ltd.		197,273
	3,200	T. Hasegawa Co. Ltd.		53,865
	24,000	T. RAD Co. Ltd.		40,376
	1,600	Tabuchi Electric Co. Ltd.		7,353
	3,240	Tachibana Eletech Co. Ltd.		36,267
	6,700	Tachi-S Co. Ltd.		94,518
	40,000	Tadano Ltd.		403,383
	8,000	Taiheiyo Cement Corp.		21,955
	30,600	Taiho Kogyo Co. Ltd.		345,688
	6,000	Taikisha Ltd.		142,556
	3,000	Taiko Bank Ltd. (The)		5,695
	15,300	Taiko Pharmaceutical Co. Ltd.		216,990
	3,000	Taiyo Holdings Co. Ltd.		103,759
	24,400	Taiyo Nippon Sanso Corp.		235,515
	56,900	Taiyo Yuden Co. Ltd.		604,295

Shares			Value
JAPAN (continued)
	10,000	Takagi Securities Co. Ltd.	$	12,876
	1,400	Takamatsu Construction Group Co. Ltd.		30,789
	17,700	Takara Holdings, Inc.		155,540
	8,000	Takara Leben Co. Ltd.		53,534
	22,000	Takara Standard Co. Ltd.		197,876
	5,200	Takasago International Corp.		120,226
	6,800	Takasago Thermal Engineering Co. Ltd.		88,132
	18,000	Takashima & Co. Ltd.		28,590
	114,000	Takashimaya Co. Ltd.		864,643
	16,100	Takata Corp.(d)		62,191
	3,530	Take And Give Needs Co. Ltd.		15,361
	6,200	Takeei Corp.		57,979
	27,400	Takeuchi Manufacturing Co. Ltd.		436,752
	10,000	Takihyo Co. Ltd.		39,662
	14,000	Takiron Co. Ltd.		69,868
	33,000	Takisawa Machine Tool Co. Ltd.		37,528
	9,000	Takuma Co. Ltd.		79,511
	6,800	Tama Home Co. Ltd.		27,801
	4,000	Tamron Co. Ltd.		66,805
	34,000	Tamura Corp.		95,865
	1,950	Tanseisha Co. Ltd.		15,853
	500	TASAKI & Co. Ltd.		7,378
	138,200	Tatsuta Electric Wire and Cable Co. Ltd.		449,410
	77,000	Tayca Corp.		349,539
	10,700	TBK Co. Ltd.		39,823
	600	Techno Medica Co. Ltd.		12,818
	800	Techno Ryowa Ltd.		4,842
	433,000	Teijin Ltd.		1,615,611
	3,400	Teikoku Sen-I Co. Ltd.		49,370
	12,000	Tekken Corp.		31,015
	37,000	Temp Holdings Co. Ltd.		580,733
	27,700	T-Gaia Corp.		350,936
	16,300	THK Co. Ltd.		335,651
	1,600	TKC Corp.		45,414
	59,000	Toa Corp.		134,746
	6,000	Toa Corp.		61,917
	58,000	Toa Oil Co. Ltd.		69,774
	87,000	Toa Road Corp.		295,179
	2,400	Toabo Corp.		11,008
	42,250	Toagosei Co. Ltd.		395,498
	10,100	Tobishima Corp.		17,276
	5,000	Tobu Store Co. Ltd.		14,709
	17,100	TOC Co. Ltd.		142,714
	13,800	Tocalo Co. Ltd.		256,545
	104,000	Tochigi Bank Ltd. (The)		416,391
	29,000	Toda Corp.		140,367
	3,000	Toda Kogyo Corp.		8,628
	600	Toei Animation Co. Ltd.		27,688
	20,000	Toei Co. Ltd.		159,962
	23,000	Toenec Corp.		152,397
	126,000	Toho Bank Ltd. (The)		432,237

Shares			Value
JAPAN (continued)
	14,700	Toho Co. Ltd.	$	388,224
	4,000	Toho Co. Ltd.		91,053
	117,000	Toho Gas Co. Ltd.		824,718
	6,300	Toho Holdings Co. Ltd.		151,520
	3,300	Toho Titanium Co. Ltd.		23,416
	164,000	Toho Zinc Co. Ltd.		463,947
	26,000	Tohoku Bank Ltd. (The)		34,455
	21,000	Tokai Carbon Co. Ltd.		57,237
	10,400	Tokai Corp.		308,872
	76,000	TOKAI Holdings Corp.		435,000
	12,000	Tokai Lease Co. Ltd.		23,684
	47,600	Tokai Rika Co. Ltd.		930,079
	31,800	Tokai Tokyo Financial Holdings, Inc.		173,047
	490	Token Corp.		39,559
	30,840	Tokushu Tokai Paper Co. Ltd.		101,447
	54,000	Tokuyama Corp.(d)		88,816
	36,000	Tokyo Dome Corp.		157,669
	1,100	Tokyo Electron Device Ltd.		15,352
	5,000	Tokyo Energy & Systems, Inc.		38,346
	40,000	Tokyo Keiki, Inc.		57,519
	11,300	Tokyo Ohka Kogyo Co. Ltd.		332,946
	4,000	Tokyo Rakutenchi Co. Ltd.		18,120
	165,000	Tokyo Rope Manufacturing Co. Ltd.		235,714
	2,500	Tokyo Sangyo Co. Ltd.		8,929
	21,300	Tokyo Seimitsu Co. Ltd.		464,036
	27,500	Tokyo Steel Manufacturing Co. Ltd.		174,460
	50,500	Tokyo Tatemono Co. Ltd.		692,002
	171,000	Tokyo Tekko Co. Ltd.		596,250
	20,000	Tokyo Theaters Co., Inc.		22,180
	6,275	Tokyo Ty Financial Group, Inc.		166,193
	7,000	Tokyotokeiba Co. Ltd.		14,474
	4,800	Tokyu Construction Co. Ltd.		40,737
	73,300	Tokyu Fudosan Holdings Corp.		522,194
	27,000	Toli Corp.		80,188
	28,000	Tomato Bank Ltd.		38,684
	1,100	Tomen Devices Corp.		17,906
	7,300	Tomoe Corp.		24,562
	1,300	Tomoe Engineering Co. Ltd.		17,741
	41,000	Tomoku Co. Ltd.		105,968
	88,800	TOMONY Holdings, Inc.		264,564
	11,800	Tomy Co. Ltd.		85,727
	15,000	Tonami Holdings Co. Ltd.		39,474
	60	Top REIT, Inc.		229,511
	7,000	Topcon Corp.		89,999
	15,700	Toppan Forms Co. Ltd.		179,429
	25,900	Topre Corp.		534,066
	82,000	Topy Industries Ltd.		164,154
	25,600	Toridoll.corp		463,880
	2,300	Torigoe Co. Ltd. (The)		13,899
	1,000	Torii Pharmaceutical Co. Ltd.		23,835
	5,000	Torishima Pump Manufacturing Co. Ltd.		48,825
	48,100	Tosei Corp.		351,257

Shares			Value
JAPAN (continued)
	32,000	Toshiba Machine Co. Ltd.	$	99,549
	11,000	Toshiba Plant Systems & Services Corp.		139,568
	46,000	Toshiba TEC Corp.		180,714
	1,000	Tosho Co. Ltd.		37,453
	14,000	Tosho Printing Co. Ltd.		73,553
	200,000	Tosoh Corp.		958,647
	5,900	Totetsu Kogyo Co. Ltd.		175,780
	27,800	TOTO Ltd.		994,164
	8,000	Tottori Bank Ltd. (The)		12,556
	379,000	Towa Bank Ltd. (The)		320,583
	5,500	Towa Corp.		36,856
	7,700	Towa Pharmaceutical Co. Ltd.		364,737
	80,600	Toyo Construction Co. Ltd.		356,034
	3,000	Toyo Denki Seizo KK		8,910
	16,000	Toyo Engineering Corp.		45,263
	89,000	Toyo Ink SC Holdings Co. Ltd.		368,045
	28,000	Toyo Kohan Co. Ltd.		91,579
	2,500	Toyo Machinery & Metal Co. Ltd.		9,093
	161,000	Toyo Securities Co. Ltd.		388,882
	26,300	Toyo Seikan Group Holdings Ltd.		542,561
	20,500	Toyo Suisan Kaisha Ltd.		751,410
	1,400	Toyo Tanso Co. Ltd.		18,499
	47,800	Toyo Tire & Rubber Co. Ltd.		755,186
	20,000	Toyo Wharf & Warehouse Co. Ltd.		27,444
	544,000	Toyobo Co. Ltd.		956,090
	51,100	Toyoda Gosei Co. Ltd.		985,020
	32,600	Toyota Boshoku Corp.		634,842
	15,600	TPR Co. Ltd.		411,992
	1,200	Trancom Co. Ltd.		73,308
	3,000	Transcosmos, Inc.		82,077
	19,300	Trend Micro, Inc.		759,121
	2,600	Trusco Nakayama Corp.		106,786
	35,900	TS Tech Co. Ltd.		862,747
	15,100	TSI Holdings Co. Ltd.		99,910
	78,000	Tsubakimoto Chain Co.		536,617
	8,000	Tsubakimoto Kogyo Co. Ltd.		22,105
	7,000	Tsudakoma Corp.(d)		8,092
	135,000	Tsugami Corp.		586,184
	58,900	Tsukada Global Holdings, Inc.(c)		413,518
	6,800	Tsukishima Kikai Co. Ltd.		59,244
	108,033	Tsukuba Bank Ltd.		294,451
	2,500	Tsukui Corp.		31,227
	8,800	Tsumura & Co.		233,895
	5,900	Tsuruha Holdings, Inc.		585,564
	1,200	Tsurumi Manufacturing Co. Ltd.		16,511
	600	Tsutsumi Jewelry Co. Ltd.		12,880
	7,000	TTK Co. Ltd.		29,934
	2,400	Tv Tokyo Holdings Corp.		42,722
	567,840	UACJ Corp.		1,206,126
	746,800	Ube Industries Ltd.		1,473,947
	23,000	Uchida Yoko Co. Ltd.		97,707

Shares			Value
JAPAN (continued)
	6,000	Ueki Corp.	$	12,632
	2,500	UKC Holdings Corp.		46,147
	7,200	Ulvac, Inc.		233,459
	14,000	Uniden Holdings Corp.(d)		16,579
	31,200	Unipres Corp.		577,669
	2,600	United Arrows Ltd.		108,985
	9,300	United Super Markets Holdings, Inc.		87,756
	35,000	Unitika Ltd.(d)		17,763
	4,700	Universal Entertainment Corp.		76,596
	1,600	Unizo Holdings Co. Ltd.		70,977
	164,200	UNY Group Holdings Co. Ltd.		1,234,586
	108,780	Usen Corp.(d)		385,433
	80,100	U-Shin Ltd.		525,468
	3,700	Ushio, Inc.		52,614
	23,000	USS Co. Ltd.		379,154
	54,100	UT Group Co. Ltd.(d)		218,637
	8,800	Utoc Corp.		26,218
	9,500	Valor Holdings Co. Ltd.		237,143
	1,400	Village Vanguard Co. Ltd.		20,197
	8,000	Vital KSK Holdings, Inc.		70,301
	87,600	VT Holdings Co. Ltd.		461,876
	15,000	Wacoal Holdings Corp.		187,499
	21,700	Wacom Co. Ltd.		92,388
	33,000	Wakachiku Construction Co. Ltd.		46,833
	50,700	Wakita & Co. Ltd.		364,049
	7,600	Warabeya Nichiyo Co. Ltd.		146,429
	2,700	WATAMI Co. Ltd.		25,985
	9,700	Weathernews, Inc.		351,443
	3,340	Welcia Holdings Co. Ltd.		182,695
	15,800	WIN-Partners Co. Ltd.		220,962
	13,900	WirelessGate, Inc.		252,133
	13,800	Wowow, Inc.		303,107
	6,500	Xebio Holdings Co. Ltd.		107,580
	4,000	Yachiyo Industry Co. Ltd.		33,872
	4,500	Yahagi Construction Co. Ltd.		33,031
	11,200	YAMABIKO Corp.		83,474
	120,700	Yamada Denki Co. Ltd.		623,919
	42,000	Yamagata Bank Ltd. (The)		157,499
	99,000	Yamaguchi Financial Group, Inc.		953,712
	28,200	Yamaha Corp.		848,120
	46,200	Yamaichi Electronics Co. Ltd.		245,763
	101,000	Yamanashi Chuo Bank Ltd. (The)		388,242
	51,000	Yamatane Corp.		71,898
	8,400	Yamato Kogyo Co. Ltd.		204,158
	800	Yamaya Corp.		15,143
	33,000	Yamazaki Baking Co. Ltd.		810,113
	100	Yamazawa Co. Ltd.		1,548
	12,300	Yamazen Corp.		100,227
	9,400	Yaoko Co. Ltd.		432,011
	700	Yashima Denki Co. Ltd.		3,605
	65,100	Yaskawa Electric Corp.		802,125
	4,100	Yasuda Logistics Corp.		27,243

Shares			Value
JAPAN (continued)
	15,600	Yellow Hat Ltd.	$	329,154
	2,300	Yodogawa Steel Works Ltd.		53,739
	6,500	Yokogawa Bridge Holdings Corp.		60,663
	90,600	Yokogawa Electric Corp.		1,026,914
	22,300	Yokohama Reito Co. Ltd.		224,048
	80,700	Yokohama Rubber Co. Ltd. (The)		1,425,902
	1,500	Yomeishu Seizo Co. Ltd.		27,801
	500	Yondoshi Holdings, Inc.		12,589
	33,600	Yorozu Corp.		702,316
	3,900	Yoshinoya Holdings Co. Ltd.		50,583
	19,700	Yuasa Trading Co. Ltd.		460,839
	27,000	Yuken Kogyo Co. Ltd.		44,915
	2,700	Yumeshin Holdings Co. Ltd.		15,987
	57,000	Yurtec Corp.		423,214
	8,000	Yusen Logistics Co. Ltd.		97,594
	900	Yushiro Chemical Industry Co. Ltd.		10,480
	2,700	Zenkoku Hosho Co. Ltd.		99,981
	2,400	Zenrin Co. Ltd.		53,120
	14,300	Zensho Holdings Co. Ltd.		186,948
	120,000	Zeon Corp.		889,850
	1,500	ZERIA Pharmaceutical Co. Ltd.		19,455
	4,000	Zojirushi Corp.		62,293
	2,400	Zuken, Inc.		24,451
				416,148,894
JERSEY CHANNEL ISLANDS — 0.0%
	400,611	Centamin Plc		707,694
	51,777	Phoenix Group Holdings		650,626
	7,146	Randgold Resources Ltd.		706,884
				2,065,204
LUXEMBOURG — 0.3%
	22,999	APERAM SA		903,954
	53,621	d’Amico International Shipping SA(d)		27,249
	3,069	Eurofins Scientific SE(c)		1,138,769
	18,670	Grand City Properties SA		412,385
	49,500	L’Occitane International SA		95,466
	10,810	Millicom International Cellular SA - SDR		624,603
	18,520	Orion Engineered Carbons SA		263,354
	100,579	Regus Plc		429,715
	207,034	Stabilus SA(c)(d)		10,347,907
				14,243,402
MALAYSIA — 0.4%
	75,100	Aeon Co. (M) Berhad		54,213
	314,490	Affin Holdings Berhad		186,770
	96,700	AirAsia Berhad		47,032
	320,200	Alliance Financial Group Berhad		327,864
	64,700	Ammb Holdings BHD		75,026
	20,100	Amway Malaysia Holdings Berhad		48,983

Shares			Value
MALAYSIA (continued)
	1,127,600	APM Automotive Holdings Berhad(c)	$	1,125,724
	32,700	Batu Kawan Berhad		150,672
	95,933	Berjaya Assets Berhad		19,646
	327,300	Berjaya Corp. Berhad		32,257
	19,519	Berjaya Sports Toto Berhad		15,189
	57,200	BIMB Holdings Berhad		56,373
	486,500	Bintulu Port Holdings Berhad(c)		853,072
	320,004	Boustead Holdings Berhad		318,652
	46,400	Bursa Malaysia Berhad		99,891
	60,400	Cahya Mata Sarawak Berhad		59,372
	20,200	Carlsberg Brewery-Malaysia Berhad		69,807
	98,060	CB Industrial Product Holding Berhad		56,479
	3,350	Dayang Enterprise Holdings Berhad		1,123
	7,212,586	Dialog Group Berhad		2,935,623
	234,500	DRB-Hicom Berhad		58,227
	264,574	Eastern & Oriental Berhad(d)		103,622
	148,050	Evergreen Fibreboard Berhad		40,930
	55,400	Felda Global Ventures Holdings BHD		20,563
	26,200	Genting Plantations Berhad		71,762
	23,300	Globetronics Technology Berhad		20,398
	75,000	Glomac Berhad		15,647
	41,100	GuocoLand Malaysia Berhad		13,046
	389,180	HAP Seng Consolidated Berhad		763,118
	93,500	Hap Seng Plantations Holdings Berhad		57,203
	2,712,360	Hartalega Holdings Berhad		2,978,632
	31,600	Heineken Malaysia Berhad		121,660
	19,992	Hock Seng LEE Berhad		9,314
	50,200	Hong Leong Industries Berhad		94,579
	34,033	Hua Yang Berhad		15,681
	21,720	Hume Industries Berhad		17,236
	550,980	IJM Corp. Berhad		486,594
	36,700	IJM Plantations Berhad		32,881
	73,827	Inari Amertron Berhad		51,593
	9,300	Jaya Tiasa Holdings Berhad		3,214
	134,000	JCY International Berhad		22,639
	59,079	K&N Kenanga Holdings Berhad		7,486
	61,700	Keck Seng (Malaysia) Berhad		79,445
	45,100	Kian JOO CAN Factory Berhad(d)		37,521
	1,976,800	KKB Engineering Berhad(c)		824,826
	11,800	KLCCP Stapled Group		21,779
	310,080	KNM Group Berhad(d)		37,703
	21,600	Kossan Rubber Industries		33,175
	1,888,888	KPJ Healthcare Berhad		2,045,308
	181,574	KSL Holdings Berhad		58,100
	122,700	Kulim Malaysia Berhad(d)		124,380
	35,950	Kumpulan Fima Berhad		17,301
	102,500	Kumpulan Perangsang Selangor Berhad		27,813

Shares			Value
MALAYSIA (continued)
	15,000	Lafarge Malaysia Berhad	$	33,636
	187,300	Land & General Berhad		16,302
	157,800	Landmarks Berhad(d)		36,961
	34,400	LBS Bina Group Berhad		14,001
	79,000	Lingkaran Trans Kota Holdings Berhad		107,180
	17,100	LPI Capital Berhad		67,061
	214,257	Lynas Corp. Ltd.(d)		12,218
	62,600	Magnum Berhad		38,940
	542,073	Mah Sing Group Berhad		202,592
	73,050	Malayan Flour Mills Berhad		23,001
	71,823	Malaysia Airports Holdings Berhad		123,183
	111,780	Malaysia Building Society Berhad		37,197
	27,400	Malaysian Pacific Industries Berhad		51,903
	291,250	Malaysian Resources Corp. Berhad		90,212
	37,180	MBM Resources Berhad		20,653
	12,100	Media Prima Berhad		4,367
	18,700	Mega First Corp. Berhad		8,377
	81,000	MKH Berhad		52,459
	355,200	MMC Corp. Berhad		190,943
	45,500	MNRB Holdings Berhad(d)		35,175
	22,700	Muhibbah Engineering M Berhad		13,655
	579,100	Mulpha International Berhad(d)		44,472
	71,200	My EG Services Berhad		36,634
	31,800	Naim Holdings Berhad		18,641
	376,400	Nam Cheong Ltd.(d)		25,189
	3,100	Nestle Malaysia Berhad		59,500
	87,100	Oriental Holdings Berhad		154,958
	275,390	OSK Holdings Berhad		116,317
	30,500	Padini Holdings Berhad		17,098
	71,912	Pantech Group Holdings Berhad		10,401
	107,600	POS Malaysia Berhad		79,877
	111,200	Press Metal Berhad		83,404
	48,600	Protasco Berhad		21,149
	2,848,900	QL Resources Berhad		3,186,917
	514,700	SapuraKencana Petroleum Berhad		217,395
	19,800	Sarawak Oil Palms Berhad		22,352
	7,600	Scientex Berhad		24,318
	2,300	Selangor Properties Berhad		2,944
	51,400	Shangri-La Hotels (Malaysia) Berhad		74,867
	6,100	Shell Refining Co. Federation of Malaya Berhad(d)		4,809
	149,660	Sunway Berhad		119,912
	14,966	Sunway Construction Group Berhad		6,206
	21,100	Supermax Corp. Berhad		14,043
	27,000	Syarikat Takaful Malaysia Berhad		27,439
	25,364	Ta Ann Holdings Berhad		31,100

Shares			Value
MALAYSIA (continued)
	269,700	TA Enterprise Berhad	$	37,971
	195,360	TA Global Berhad		12,002
	126,800	TAN Chong Motor Holdings Berhad		72,383
	211,200	TDM Berhad		38,656
	54,040	TH Plantations Berhad		16,738
	20,860	Time dotCom Berhad		39,408
	17,800	Tiong NAM Logistics Holdings		5,832
	105,720	Top Glove Corp. Berhad		134,230
	157,116	Tropicana Corp. Berhad		40,219
	43,600	TSH Resources Berhad		22,657
	41,800	UEM Edgenta Berhad		40,446
	120,408	UEM Sunrise Berhad		31,439
	12,100	UMW Holdings Berhad		20,319
	167,600	Unisem M Berhad		94,815
	15,000	United Malacca Berhad		22,885
	31,900	United Plantations Berhad		218,846
	142,300	VS Industry Berhad		44,076
	95,155	Wah Seong Corp. Berhad		18,390
	117,038	WCT Holdings Berhad		49,134
	3,401,950	Wellcall Holdings Berhad(c)		2,098,733
	36,900	WTK Holdings Berhad		11,335
	47,600	Yinson Holdings Berhad		33,630
	34,468	YNH Property Berhad(d)		17,382
	25,600	Zhulian Corp. Berhad		9,633
				23,558,261
MALTA — 0.0%
	4,778	Tiso Blackstar Group SE		3,004
	34,973	Unibet Group Plc - SDR		394,567
				397,571
MARTINIQUE — 0.0%
	100,000	MGM China Holdings Ltd.		140,520
MEXICO — 0.4%
	10,100	Alpek SAB de CV		16,925
	35,265	Alsea SAB de CV		135,180
	2,313,700	Asesor de Activos Prisma SAPI de CV REIT(c)		1,889,459
	203,861	Axtel SAB de CV - CPO Units(d)		90,765
	27,586	Banregio Grupo Financiero SAB de CV		165,632
	2,584	Bio Pappel SAB de CV(d)		3,331
	1,166,800	Bolsa Mexicana de Valores SAB de CV		1,934,872
	155,625	Consorcio ARA SAB de CV		60,876
	1,887,370	Corp Inmobiliaria Vesta SAB de CV		3,071,632
	800	Corp. Actinver SAB de CV		670
	61,938	Corp. Interamericana de Entretenimiento SAB de CV - Series B(c)(d)		57,511
	27,300	Corp. Moctezuma SAB de CV		92,033
	2,674,900	Fibra Shop Portafolios Inmobiliarios SAPI de CV REIT(c)		2,580,892

Shares			Value
MEXICO (continued)
	43,027	Fibra Uno Administracion SA de CV REIT	$	102,212
	5,418	Fresnillo Plc		88,111
	121,017	Genomma Lab Internacional SAB de CV - Class B(d)		132,942
	36,469	Gruma SAB de CV - Series B		531,583
	29,269	Grupo Aeromexico SAB de CV(d)		66,773
	47,113	Grupo Aeroportuario del Centro Norte SAB de CV		273,182
	248,952	Grupo Aeroportuario del Pacifico SAB de CV - Series B		2,350,658
	92,763	Grupo Aeroportuario del Sureste SAB de CV - Series B		1,428,595
	120,492	Grupo Cementos de Chihuahua SAB de CV		353,675
	45,878	Grupo Comercial Chedraui SA de CV		129,837
	53,661	Grupo Famsa SAB de CV - Class A(d)		40,703
	12,100	Grupo Financiero Interacciones SA de CV		68,508
	46,057	Grupo Herdez SAB de CV		101,325
	57,500	Grupo Industrial Maseca SAB de CV - Series B		75,900
	12,400	Grupo Industrial Saltillo SAB de CV		23,417
	17,079	Grupo KUO SAB de CV - Series B		32,759
	15,920	Grupo Simec SAB de CV - Series B(d)		53,049
	19,508	Grupo Sports World SAB de CV(d)		21,544
	264,100	Impulsora del Desarrollo y El Empleo en America Latina SAB de CV(d)		363,807
	49,176	Industrias Bachoco SAB de CV - Series B		206,083
	158,336	Industrias CH SAB de CV - Series B(d)		659,494
	9,200	Infraestructura Energetica Nova SAB de CV		35,886
	110,913	Kimberly-Clark de Mexico SAB de CV - Class A		263,670
	140,111	La Comer Sab de CV(d)		146,588
	1,911,000	Macquarie Mexico Real Estate Management SA de CV REIT		2,654,683
	100	Medica Sur SAB de CV - Series B		232
	33,400	Megacable Holdings SAB de CV - CPO Shares		154,453
	349,076	Mexichem SAB de CV		881,787
	83,226	OHL Mexico SAB de CV(d)		136,754
	53,106	Organizacion Cultiba SAB de CV		73,464
	130,899	Organizacion Soriana SAB de CV - Series B(d)		315,062

Shares			Value
MEXICO (continued)
	26,195	Promotora y Operadora de Infraestructura SAB de CV	$	332,084
	23,143	Qualitas Controladora SAB de CV - Class I(d)		30,952
	67,123	Urbi Desarrollos Urbanos SAB de CV(c)(d)		5
	4,415	Vitro SAB de CV - Series A		15,243
				22,244,798
MONACO — 0.0%
	12,500	Endeavour Mining Corp.(d)		168,267
MONGOLIA — 0.0%
	317,500	Mongolian Mining Corp.(d)		2,783
NETHERLANDS — 0.7%
	40,727	Aalberts Industries NV		1,395,310
	7,272	Accell Group NV		154,088
	17,270	Aercap Holdings NV		690,973
	42,895	AMG Advanced Metallurgical Group NV		467,104
	16,115	Amsterdam Commodities NV		435,388
	25,264	Arcadis NV		432,628
	11,197	ASM International NV		456,755
	16,840	Avg Technologies NV(d)		333,431
	4,808	BE Semiconductor Industries NV		144,848
	12,481	Beter Bed Holding NV		302,979
	39,064	BinckBank NV		229,959
	145,274	Boskalis Westminster		6,055,856
	15,616	Brunel International NV		351,991
	6,490	Cimpress NV(d)		570,276
	4,038	Corbion NV		103,063
	3,276	Delta Lloyd NV		16,708
	8,680	Euronext NV(c)		366,752
	8,757	Fugro NV(d)		178,184
	19,789	Gemalto NV		1,287,060
	9,850	GrandVision NV		270,691
	3,874	Heijmans NV - CVA(d)		36,508
	654	Hunter Douglas NV		32,950
	3,654	KAS Bank NV - CVA		38,037
	14,457	Kendrion NV		354,423
	35,275	Koninklijke BAM Groep NV		169,848
	19,016	Koninklijke DSM NV		1,166,236
	12,374	Koninklijke Vopak NV		672,244
	431	Nederland Apparatenfabriek		15,050
	32,930	Nn Group NV		1,141,004
	13,255	Ordina NV(d)		20,095
	101,030	PostNL NV(d)		441,917
	27,537	PostNL NV(d)		120,450
	278,449	QIAGEN NV(c)(d)		6,239,691
	22,710	Randstad Holding NV		1,219,728
	199,725	Refresco Gerber NV(d)		3,698,018
	99,492	SBM Offshore NV		1,332,340
	10,543	Sligro Food Group NV		420,479
	86,230	SNS REAAL NV(b)(c)(d)		0
	18,447	TKH Group NV		728,738
	26,513	TNT Express NV(d)		240,655

Shares			Value
NETHERLANDS (continued)
	11,780	TomTom NV(d)	$	107,303
	25,705	USG People NV		512,440
	12,798	Wessanen		132,168
	79,979	Wolters Kluwer NV		3,043,675
				36,128,041
NEW ZEALAND — 0.7%
	7,184	a2 Milk Co. Ltd.(d)		8,879
	328,864	Air New Zealand Ltd.		564,889
	3,329,297	Auckland International Airport Ltd.		14,296,813
	44,374	Chorus Ltd.		123,937
	165,250	Contact Energy Ltd.		586,161
	19,426	Ebos Group Ltd.		216,485
	94,067	Fisher & Paykel Healthcare Corp. Ltd.		600,994
	108,883	Fletcher Building Ltd.		634,071
	23,408	Freightways Ltd.		108,202
	34,123	Genesis Energy Ltd.		48,963
	53,576	Heartland Bank Ltd.		45,265
	36,913	Infratil Ltd.		83,510
	52,582	Kathmandu Holdings Ltd.		58,378
	70,342	Kiwi Property Group Ltd. REIT		72,692
	22,834	Mainfreight Ltd.		261,320
	28,706	Metlifecare Ltd.		104,830
	3,821,166	Mighty River Power Ltd.		8,057,762
	39,566	New Zealand Oil & Gas Ltd.(d)		13,399
	16,304	New Zealand Refining Co. Ltd. (The)		34,039
	121,885	Nuplex Industries Ltd.		448,510
	45,243	NZX Ltd.		31,907
	73,491	PGG Wrightson Ltd.		21,039
	80,140	Pike River Coal Ltd.(b)(c)(d)		0
	45,304	Port of Tauranga Ltd.		591,864
	19,670	Restaurant Brands New Zealand Ltd.		69,360
	29,633	Ryman Healthcare Ltd.		184,773
	15,128	Sanford Ltd.		63,379
	74,844	Skellerup Holdings Ltd.		68,983
	182,421	SKY Network Television Ltd.		678,912
	1,623,057	SKYCITY Entertainment Group Ltd.		5,541,843
	415,362	Spark New Zealand Ltd.		1,076,000
	55,636	Summerset Group Holdings Ltd.		172,485
	47,121	Tower Ltd.		59,224
	82,337	Trade Me Group Ltd.		262,163
	29,035	TrustPower Ltd.		157,121
	25,065	Vector Ltd.		58,631
	43,509	Warehouse Group Ltd. (The)		83,849
				35,490,632
NORWAY — 0.1%
	57,584	ABG Sundal Collier Holding ASA		40,192
	1,087	AF Gruppen ASA		17,819
	9,669	Aker ASA - Class A		199,340

Shares			Value
NORWAY (continued)
	25,444	Aker Solutions ASA(d)	$	35,392
	458	American Shipping Co. ASA		1,564
	18,135	Atea ASA		170,047
	41,175	Austevoll Seafood ASA		346,455
	3,350	Bonheur ASA		24,131
	68,000	BW Offshore Ltd.		14,864
	13,163	Det Norske Oljeselskap ASA(d)		117,541
	77,998	DNO ASA(d)		90,040
	5,301	Ekornes ASA		61,886
	733	Farstad Shipping ASA		1,183
	7,368	Fred Olsen Energy ASA(d)		31,936
	2,000	Ganger Rolf ASA		11,500
	7,433	Grieg Seafood ASA		36,741
	14,061	Hexagon Composites ASA(d)		42,959
	4,846	Hoegh LNG Holdings Ltd.		56,574
	194,372	Kongsberg Automotive ASA(d)		157,152
	5,470	Kongsberg Gruppen ASA		91,712
	4,182	Leroy Seafood Group ASA		204,118
	10,381	Nordic Semiconductor ASA(d)		60,402
	23,394	Opera Software ASA		191,177
	3,645	Petroleum Geo-Services ASA		12,897
	42,479	ProSafe SE		25,693
	1,113	Protector Forsikring ASA		10,886
	12,159	Salmar ASA		302,018
	5,087	Sevan Marine ASA(d)		12,446
	6,632	Solstad Offshore ASA		12,849
	29,923	SpareBank 1 SMN		183,956
	12,056	SpareBank 1 SR-Bank ASA		58,844
	129,366	Storebrand ASA(d)		547,711
	37,647	TGS Nopec Geophysical Co. ASA		629,799
	26,311	Tomra Systems ASA		305,530
	23,900	Vard Holdings Ltd.(d)		3,234
	12,901	Veidekke ASA		177,048
	3,880	Wilh Wilhelmsen Holding ASA		72,763
				4,360,399
PERU — 0.1%
	1,162,608	Alicorp SA		2,204,617
	2,502,418	Ferreycorp SAA		1,310,087
				3,514,704
PHILIPPINES — 0.2%
	118,300	Alliance Global Group, Inc.		36,584
	23,966	Belle Corp.		1,554
	19,250	Cebu Air, Inc.		36,540
	114,843	China Banking Corp.		94,299
	1,776,466	Concepcion Industrial Corp.(c)		1,818,616
	14,442,100	D&L Industries, Inc.		2,772,144
	72,800	EEI Corp.		11,257
	726,600	Energy Development Corp.		91,275
	2,062,375	Filinvest Land, Inc.		80,494
	86,000	First Gen Corp.		37,142
	123,070	First Philippine Holdings Corp.		174,811
	14,287,500	GMA Holdings, Inc. - PDR(c)		2,072,087
	1,274,700	Lopez Holdings Corp.		198,732

Shares			Value
PHILIPPINES (continued)
	3,657,300	Manila Water Co., Inc.	$	2,164,544
	4,702,696	Megaworld Corp.		378,121
	443,500	Metro Pacific Investments Corp.		54,861
	623,000	Pepsi-Cola Products Philippines, Inc.		49,295
	46,900	Petron Corp.		10,663
	39,900	Puregold Price Club, Inc.		34,209
	75,400	Rizal Commercial Banking Corp.		49,851
	420,000	Robinsons Land Corp.		242,751
	19,800	San Miguel Corp.		28,293
	64,281	Security Bank Corp.		233,064
	34,010	Semirara Mining & Power Corp.		92,120
	6	Top Frontier Investment Holdings, Inc.(d)		18
	161,290	Union Bank of Philippines, Inc.		198,484
	729,800	Vista Land & Lifescapes, Inc.		74,712
				11,036,521
POLAND — 0.1%
	1,192	Alior Bank SA(d)		21,554
	1,432	AmRest Holdings SE(d)		83,850
	25,202	Asseco Poland SA		382,294
	6,541	Bank Handlowy w Warszawie SA		126,829
	41,005	Bank Millennium SA(d)		53,714
	37,571	Boryszew SA		49,807
	2,395	Budimex SA		122,356
	683	CCC SA		30,420
	2,131	CD Projekt Red SA(d)		14,209
	10,830	Ciech SA(d)		200,884
	1,000	Dom Development SA		15,195
	40,455	Enea SA(d)		125,066
	13,280	Eurocash SA		189,617
	5,542	Farmacol SA(d)		62,071
	125,804	Getin Holding SA(d)		37,574
	230,777	Getin Noble Bank SA(d)		30,835
	10,371	Grupa Azoty SA(d)		236,115
	119	Grupa Azoty Zaklady Chemiczne Police SA		779
	2,931	Grupa Kety SA		252,635
	21,247	Grupa Lotos SA(d)		165,213
	4,256	Impexmetal SA(d)		3,077
	2,075	Inter Cars SA		129,329
	155	LPP SA		228,643
	1,171	Lubelski Wegiel Bogdanka SA		14,020
	146,043	Netia SA		193,222
	32,745	Orange Polska SA		53,360
	9,643	Orbis SA		153,603
	1,623	Pelion SA		21,771
	46,907	Synthos SA		50,017
	884	Warsaw Stock Exchange		8,736
				3,056,795
PORTUGAL — 0.1%
	16,720	Altri SGPS SA		65,171

Shares			Value
PORTUGAL (continued)
	31,522	Banco BPI SA(d)	$	39,487
	4,464,593	Banco Comercial Portugues SA(d)		197,842
	1,231,589	Banco Espirito Santo SA(b)(c)(d)		0
	2,336	Corticeira Amorim SGPS SA		16,381
	21,040	Ctt-Correios de Portugal SA		194,374
	58,922	Galp Energia SGPS SA		809,290
	31,264	Jeronimo Martins SGPS SA		511,568
	22,362	Mota-Engil SGPS SA		46,295
	65,648	Navigator Co. SA (The)		234,156
	109,899	NOS SGPS SA		788,391
	119,269	REN - Redes Energeticas Nacionais SGPS SA		357,949
	291,274	Sonae SGPS SA		323,519
	11,475	Teixeira Duarte SA		2,970
				3,587,393
SINGAPORE — 1.2%
	23,000	Abterra Ltd.(c)(d)		5,558
	2,373,000	Ascendas India Trust - Unit		1,685,106
	7,657,800	Ascendas Real Estate Investment Trust		14,007,650
	155,400	ASL Marine Holdings Ltd.		30,043
	7,400	Bonvests Holdings Ltd.		6,603
	25,598	Boustead Projects Ltd.(d)		12,277
	48,229	Boustead Singapore Ltd.		27,972
	16,000	Breadtalk Group Ltd.		13,027
	43,000	Bukit Sembawang Estates Ltd.		142,284
	50,961	Cape Plc		171,076
	9,845,500	CapitaLand Mall Trust REIT		15,154,244
	42,000	China Aviation Oil Singapore Corp. Ltd.		27,170
	203,700	China Merchants Holdings Pacific Ltd.		129,504
	161,400	Chip Eng Seng Corp. Ltd.		85,210
	161,000	Cosco Corp. Singapore Ltd.		40,703
	56,000	CSE Global Ltd.		17,905
	156,000	CW Group Holdings Ltd.		46,256
	65,300	CWT Ltd.		100,510
	15,600	Eu Yan Sang International Ltd.		6,264
	405,720	Ezion Holdings Ltd.(d)		165,926
	575,582	Ezra Holdings Ltd.(d)		43,655
	130,121	Far East Orchard Ltd.		160,130
	73,900	First Resources Ltd.		104,680
	183,000	FJ Benjamin Holdings Ltd.(d)		10,886
	164,000	Fragrance Group Ltd.		21,463
	15,000	Frasers Centrepoint Ltd.		18,627
	111,000	Gallant Venture Ltd.(d)		17,333
	59,100	GL Ltd.		40,210
	52,560	Global Premium Hotels Ltd.(d)		11,920
	12,000	GMG Global Ltd.(d)		5,443
	58,000	GP Industries Ltd.		27,386
	48,960	GSH Corp. Ltd.		8,919
	118,666	Guocoland Ltd.		163,239
	21,000	Hanwell Holdings Ltd.(d)		3,982

Shares			Value
SINGAPORE (continued)
	32,000	Hiap Hoe Ltd.	$	16,537
	66,600	Ho Bee Land Ltd.		109,444
	285,340	Hong Fok Corp. Ltd.		153,825
	131,000	Hong Leong Asia Ltd.		75,492
	9,000	Hour Glass Ltd. (The)		5,019
	271,000	Hutchison Port Holdings Trust - Units		120,595
	3,654,400	Hyflux Ltd.		1,684,744
	186,000	Indofood Agri Resources Ltd.		73,993
	92,950	Jurong Technologies Industrial Corp. Ltd.(b)(c)(d)		0
	60,800	K1 Ventures Ltd.		39,784
	27,378	Keppel Infrastructure Trust		9,975
	10,000	Keppel Telecommunications & Transportation Ltd.		10,075
	166,600	Lian Beng Group Ltd.		58,843
	42,000	Low Keng Huat Singapore Ltd.		19,987
	75,000	Lum Chang Holdings Ltd.		20,077
	39,000	M1 Ltd.		71,629
	289,800	Metro Holdings Ltd.		217,644
	308,000	Midas Holdings Ltd.		65,271
	308,700	Neptune Orient Lines Ltd.(d)		294,962
	214,300	Olam International Ltd.		262,925
	59,000	OSIM International Ltd.		60,981
	33,750	Otto Marine Ltd.(d)		4,894
	79,300	OUE Ltd.		98,473
	66,000	Oxley Holdings Ltd.		21,593
	21,000	Pan-United Corp. Ltd.		10,462
	340,200	Penguin International Ltd.		31,874
	63,500	Petra Foods Ltd.		122,765
	100,770	QAF Ltd.		81,299
	176,250	Raffles Education Corp. Ltd.		28,832
	31,629	Raffles Medical Group Ltd.		110,537
	20,100	Religare Health Trust - Units		15,394
	199,000	Rickmers Maritime - Units		14,945
	93,000	Rotary Engineering Ltd.		26,970
	217,500	Roxy-Pacific Holdings Ltd.		77,629
	4,467,000	SATS Ltd.		13,618,396
	96,700	Sembcorp Industries Ltd.		207,802
	158,600	Sembcorp Marine Ltd.		196,945
	97,000	Sheng Siong Group Ltd.		64,193
	44,500	SHS Holdings Ltd.		8,934
	4,430,500	SIA Engineering Co. Ltd.(c)		12,485,850
	100,500	Sim Lian Group Ltd.		59,410
	592,000	Sinarmas Land Ltd.		206,893
	148,400	Singapore Post Ltd.		173,245
	47,300	Singapore Press Holdings Ltd.		142,795
	174,000	Singapore Reinsurance Corp. Ltd.		40,109
	63,000	SMRT Corp. Ltd.		71,673
	458,000	Stamford Land Corp. Ltd.		177,090
	31,300	StarHub Ltd.		77,037
	36,600	Sunningdale Tech Ltd.		31,297
	82,000	Super Group Ltd.		59,144
	7,000	Tat Hong Holdings Ltd.		3,123

Shares			Value
SINGAPORE (continued)
	54,000	Technovator International Ltd.(d)	$	27,568
	66,500	Tiong Woon Corp Holding Ltd.		11,126
	378,314	Tuan Sing Holdings Ltd.		90,018
	42,550	UMS Holdings Ltd.		19,616
	220,554	United Engineers Ltd.		383,758
	401,116	United Industrial Corp. Ltd.		864,956
	219,657	UOB-Kay Hian Holdings Ltd.		225,398
	87,611	UOL Group Ltd.		399,994
	26,900	Venture Corp. Ltd.		167,419
	156,229	Vibrant Group Ltd.		38,336
	190,612	Wheelock Properties (Singapore) Ltd.		220,398
	71,620	Wing Tai Holdings Ltd.		99,853
	1,436	XP Power Ltd.		35,250
	97,000	Yongnam Holdings Ltd.(d)		25,244
				66,763,500
SOUTH AFRICA — 0.4%
	11,472	Adcock Ingram Holdings Ltd.		33,847
	111,347	Advtech Ltd.		108,725
	54,174	Aeci Ltd.		365,682
	109,566	African Bank Investments Ltd.(b)(c)(d)		447
	76,288	AngloGold Ashanti Ltd.(d)		1,211,155
	6,924	Astral Foods Ltd.		62,950
	25,834	AVI Ltd.		160,210
	38,884	Barloworld Ltd.		224,859
	28,795	Blue Label Telecoms Ltd.		31,798
	3,151	Cashbuild Ltd.		76,818
	16,438	Caxton and CTP Publishers and Printers Ltd.		15,577
	4,704	City Lodge Hotels Ltd.		50,740
	326,090	Clicks Group Ltd.		2,381,664
	1,776	Consolidated Infrastructure Group Ltd.(d)		3,730
	28,204	Coronation Fund Managers Ltd.		146,674
	40,384	DataTec Ltd.		127,519
	4,599	Distell Group Ltd.		51,368
	165,998	EOH Holdings Ltd.		1,615,639
	1,244	Famous Brands Ltd.		9,919
	19,905	Foschini Group Ltd. (The)		213,449
	293,909	Gold Fields Ltd.		1,335,420
	7,837	Grand Parade Investments Ltd.(d)		2,048
	63,300	Grindrod Ltd.		63,632
	14,272	Growthpoint Properties Ltd.		25,215
	71,271	Harmony Gold Mining Co. Ltd.(d)		252,085
	7,349	Hudaco Industries Ltd.		58,388
	14,135	Hyprop Investments Ltd.		122,005
	67,405	Imperial Holdings Ltd.		705,668
	150,964	Investec Plc		1,153,643
	164	Invicta Holdings Ltd.		626
	8,718	JSE Ltd.		101,056
	33,715	KAP Industrial Holdings Ltd.		14,921

Shares			Value
SOUTH AFRICA (continued)
	13,417	Lewis Group Ltd.	$	45,250
	25,495	Liberty Holdings Ltd.		250,558
	67,214	Life Healthcare Group Holdings Ltd.		176,543
	20,504	Metair Investments Ltd.		31,976
	271,218	MMI Holdings Ltd.		450,974
	69,886	Mondi Plc		1,335,655
	24,133	Mpact Ltd.		78,747
	30,760	Mr Price Group Ltd.		390,743
	42,526	Nampak Ltd.		72,772
	67,640	Netcare Ltd.		172,292
	45,409	Northam Platinum Ltd.(d)		154,742
	196,458	Oceana Group Ltd.		1,660,928
	10,702	Omnia Holdings Ltd.		105,063
	42,192	Peregrine Holdings Ltd.		88,473
	6,311	Petra Diamonds Ltd.		10,881
	17,069	Pick’n Pay Stores Ltd.		88,575
	12,372	Pioneer Foods Group Ltd.		144,524
	4,870	PPC Ltd.		5,132
	10,839	PSG Group Ltd.		151,332
	22,032	Redefine Properties Ltd. REIT		19,021
	18,485	Resilient REIT Ltd.		176,471
	12,269	Reunert Ltd.		61,659
	5,166	Santam Ltd.		85,224
	155,870	Sappi Ltd.(d)		675,589
	300,480	Sibanye Gold Ltd.		1,131,398
	23,216	Spar Group Ltd. (The)		346,970
	4,194	Sun International Ltd.		22,686
	159,288	Super Group Ltd.(d)		460,344
	104,458	Telkom SA SOC Ltd.		415,917
	4,245	Tiger Brands Ltd.		105,012
	7,382	Tongaat Hulett Ltd.		61,041
	24,146	Trencor Ltd.		76,160
	56,894	Truworths International Ltd.		424,889
	48,096	Tsogo Sun Holdings Ltd.		89,940
	3,138	Wilson Bayly Holmes-Ovcon Ltd.		26,783
				20,321,741
SOUTH KOREA — 0.8%
	416	Aekyung Petrochemical Co. Ltd.		22,125
	1,398	AfreecaTV Co. Ltd.		35,582
	821	AJ Rent A Car Co. Ltd.(d)		7,782
	1,228	AK Holdings, Inc.		64,666
	1,630	Amotech Co. Ltd.(d)		28,111
	1,619	Anapass, Inc.		21,953
	61	Asia Cement Co. Ltd.		5,782
	299	ASIA Holdings Co. Ltd.		30,572
	612	Asia Paper Manufacturing Co. Ltd.(d)		9,668
	12,631	Asiana Airlines, Inc.(d)		52,989
	2,934	Baiksan Co. Ltd.		17,768
	1,005	Binggrae Co. Ltd.		60,155
	642	Bioland Ltd.		13,298
	104,993	BNK Financial Group, Inc.		856,051

Shares			Value
SOUTH KOREA (continued)
	666	Boryung Pharmaceutical Co. Ltd.	$	32,908
	1,745	Bukwang Pharmaceutical Co. Ltd.		43,571
	2,010	Byucksan Corp.		15,983
	3,199	Chabiotech Co. Ltd.(d)		39,728
	7,205	Cheil Worldwide, Inc.		106,235
	190	Chongkundang Holdings Corp.		14,758
	73	Chosun Refractories Co. Ltd.		5,862
	624	CJ CGV Co. Ltd.		62,707
	1,614	CJ CheilJedang Corp.		538,283
	4,840	CJ E&M Corp.		285,880
	160	Cj Freshway Corp.		7,611
	725	CJ Korea Express Corp.(d)		123,760
	187	CJ O Shopping Co. Ltd.		32,791
	930	CKD Bio Corp.		21,956
	1,263	Com2uSCorp(d)		143,437
	270	Cosmax BTI, Inc.		12,536
	75	Crown Confectionery Co. Ltd.(b)		32,583
	2,180	Dae Dong Industrial Co. Ltd.		14,732
	16,020	Dae Won Kang Up Co. Ltd.		69,738
	8,001	Daeduck Electronics Co.		53,368
	3,310	Daeduck GDS Co. Ltd.		35,877
	1,201	Daehan Steel Co. Ltd.		12,491
	3,830	Dae-Il Corp.(d)		30,085
	9,113	Daelim Industrial Co. Ltd.		725,425
	3,639	Daesang Corp.		91,342
	3,927	Daesang Holdings Co. Ltd.		47,390
	2,180	Daesung Holdings Co. Ltd.		18,999
	3,074	Daewon San Up Co. Ltd.		18,562
	18,818	Daewoo Engineering & Construction Co. Ltd.(d)		104,875
	33,769	Daewoo Securities Co. Ltd.		245,102
	9,121	Daewoo Shipbuilding & Marine Engineering Co. Ltd.(d)		44,188
	496	Daewoong Co. Ltd.		25,640
	513	Daewoong Pharmaceutical Co. Ltd.		40,476
	7,916	Daishin Securities Co. Ltd.		82,675
	1,845	Dasan Networks, Inc.(d)		12,355
	3,650	Dayou Automotive Seat Technology Co. Ltd.		7,496
	1,102	DCM Corp.		10,494
	39,722	DGB Financial Group, Inc.		319,686
	1,248	Dio Corp(d)		59,695
	1,360	Dong Ah Tire & Rubber Co. Ltd.		33,660
	151	Dong-A Socio Holdings Co. Ltd.		24,650
	144	Dong-A ST Co. Ltd.		18,073
	1,950	Dong-Ah Geological Engineering Co. Ltd.		14,017
	3,534	Dongbu HiTek Co. Ltd.(d)		60,327
	13,634	Dongbu Insurance Co. Ltd.		838,813
	905	Dongbu Securities Co. Ltd.(d)		3,165
	791	Dong-IL Corp.		43,944

Shares			Value
SOUTH KOREA (continued)
	288	Dongil Industries Co. Ltd.	$	14,938
	10,139	Dongjin Semichem Co. Ltd.		54,281
	665	DongKook Pharmaceutical Co. Ltd.		37,528
	2,076	Dongkuk Industries Co. Ltd.		8,591
	10,327	Dongkuk Steel Mill Co. Ltd.(d)		86,466
	694	Dongkuk Structures & Construction Co. Ltd.		3,368
	3,480	Dongsuh Cos., Inc.		98,499
	9,440	DONGSUNG Corp.		54,930
	1,969	Dongwha Pharmaceutical Co. Ltd.		16,123
	210	Dongwon F&B Co. Ltd.		54,186
	267	Dongwon Industries Co. Ltd.		68,074
	376	Dongwon Systems Corp.		26,037
	221	Dongyang E&P, Inc.		2,909
	2,018	Doosan Corp.		190,394
	10,689	Doosan Heavy Industries & Construction Co. Ltd.		244,851
	29,204	Doosan Infracore Co. Ltd.(d)		200,691
	2,532	DRB Holding Co. Ltd.		27,444
	1,797	Duzon Bizon Co. Ltd.		39,350
	2,090	DY Corp.		12,033
	156	e Tec E&C Ltd.		14,349
	153	E1 Corp.		8,405
	1,441	Eagon Industrial Ltd.		15,240
	17,017	Easy Bio, Inc.		93,195
	5,009	e-LITECOM Co. Ltd.		59,788
	5,176	E-Mart Co. Ltd.		833,593
	305	Eo Technics Co. Ltd.		30,355
	7,062	Eugene Corp.		34,833
	13,874	Eugene Investment & Securities Co. Ltd.(d)		33,242
	3,243	Eugene Technology Co. Ltd.		40,843
	4,964	Eusu Holdings Co. Ltd.		43,785
	3,297	EVERDIGM Corp.		28,907
	656	Fila Korea Ltd.		59,877
	2,079	Fursys, Inc.		64,957
	520	Gaon Cable Co. Ltd.		9,858
	2,787	Global Display Co. Ltd.(d)		9,283
	237	Golfzon Co. Ltd.		15,060
	3,423	Grand Korea Leisure Co. Ltd.		86,672
	289	Green Cross Corp.		43,880
	2,348	Green Cross Holdings Corp.		72,538
	9,764	GS Engineering & Construction Corp.(d)		265,652
	2,304	GS Global Corp.(d)		6,734
	17,541	GS Holdings Corp.		851,340
	210	GS Home Shopping, Inc.		34,005
	4,367	GS Retail Co. Ltd.		205,050
	2,130	Halla Corp.(d)		9,310
	4,637	Han Kuk Carbon Co. Ltd.		27,226
	3,827	Hana Micron, Inc.		18,104
	717	Hana Tour Service, Inc.		57,138
	2,251	Hancom, Inc.		42,179
	174	Handok, Inc.		6,032

Shares			Value
SOUTH KOREA (continued)
	990	Handsome Co. Ltd.	$	38,535
	1,474	Hanil Cement Co. Ltd.		154,593
	2,710	Hanjin Heavy Industries & Construction Holdings Co. Ltd.(d)		13,034
	1,969	Hanjin Kal Corp.		34,130
	15,113	Hanjin Shipping Co. Ltd.(d)		25,202
	1,870	Hanjin Transportation Co. Ltd.		61,546
	90	Hankook Shell Oil Co. Ltd.		37,204
	1,888	Hankook Tire Co. Ltd.		87,987
	680	Hankuk Paper Manufacturing Co. Ltd.		18,411
	1,523	Hanmi Semiconductor Co. Ltd.		22,723
	35,145	Hanon Systems		317,705
	956	Hansae Co. Ltd.		43,210
	1,879	Hansae Yes24 Holdings Co. Ltd.		34,466
	1,840	Hansol Chemical Co. Ltd.		116,433
	8,116	Hansol Holdings Co. Ltd.(d)		58,053
	6,958	Hansol HomeDeco Co. Ltd.(d)		10,107
	387	Hansol Logistics Co. Ltd.		1,009
	1,202	Hansol Paper Co. Ltd.		26,057
	287	Hanssem Co. Ltd.		48,110
	20,200	Hanwha Chemical Corp.		445,875
	18,918	Hanwha Corp.		627,611
	195	Hanwha Galleria Timeworld Co. Ltd.		11,364
	11,354	Hanwha General Insurance Co. Ltd.		80,716
	9,373	Hanwha Investment & Securities Co. Ltd.(d)		28,381
	1,369	Hanwha Techwin Co. Ltd.		50,103
	3,343	Hanyang Eng Co. Ltd.		36,382
	1,616	Hanyang Securities Co. Ltd.		10,949
	4,708	Harim Holdings Co. Ltd.(d)		20,577
	4,910	Heung-A Shipping Co. Ltd.		5,861
	2,406	Hite Jinro Co. Ltd.		59,020
	2,043	Hite Jinro Holdings Co. Ltd.		27,792
	3,259	HMC Investment Securities Co. Ltd.		30,176
	3,323	Hotel Shilla Co. Ltd.		213,776
	5,644	Hs Industries CO Ltd.		30,662
	700	HS R&A Co. Ltd.		25,649
	4,768	Huchems Fine Chemical Corp.		84,321
	2,950	Humax Co. Ltd.		34,305
	1,193	Huons Co. Ltd.(b)		84,706
	6,850	Huvis Corp.		51,162
	62,741	Huvitz Co. Ltd.		996,676
	26,495	Hy-Lok Corp.		661,561
	7,624	Hyosung Corp.		819,677
	3,447	Hyundai BNG Steel Co. Ltd.(d)		32,673
	1,266	Hyundai C&F, Inc.		27,611
	1,840	Hyundai Corp.		43,037
	3,354	Hyundai Department Store Co. Ltd.		434,189

Shares			Value
SOUTH KOREA (continued)
	11,399	Hyundai Development Co-Engineering & Construction	$	505,222
	1,811	Hyundai Elevator Co. Ltd.(d)		91,869
	26,096	Hyundai Engineering & Construction Co. Ltd.		920,712
	4,090	Hyundai Engineering Plastics Co. Ltd.		35,286
	3,301	Hyundai Greenfood Co. Ltd.		57,798
	704	Hyundai Home Shopping Network Corp.		82,486
	12,260	Hyundai Hy Communications & Network Co. Ltd.		39,812
	755	Hyundai Livart Furniture Co. Ltd.		21,966
	27,209	Hyundai Marine & Fire Insurance Co. Ltd.		759,388
	22,357	Hyundai Securities Co. Ltd.		139,314
	4,720	Hyundai Wia Corp.		400,169
	878	Il Dong Pharmaceutical Co. Ltd.		21,769
	2,212	Iljin Electric Co. Ltd.		10,658
	2,696	Iljin Holdings Co. Ltd.		24,963
	403	Ilshin Spinning Co. Ltd.		50,225
	2,000	iMarketKorea, Inc.		29,753
	1,599	InBody Co. Ltd.		62,731
	4,561	Innox Corp.(d)		53,640
	680	Intelligent Digital Integrated Security Co. Ltd.		10,683
	1,997	Interflex Co. Ltd.(d)		20,156
	13,496	Interpark Holdings Corp.		104,353
	1,551	IS Dongseo Co. Ltd.		63,502
	15,507	IsuPetasys Co. Ltd.		72,267
	2,800	Jahwa Electronics Co. Ltd.		32,438
	17,236	JB Financial Group Co. Ltd.		88,494
	666	Jeil Pharmaceutical Co.		48,807
	1,210	JW Pharmaceutical Corp.		42,319
	1,030	Kangnam Jevisco Co. Ltd.		36,973
	5,374	KB Capital Co. Ltd.		112,253
	11,141	KB Insurance Co. Ltd.		303,117
	1,853	KC Green Holdings Co. Ltd.		14,214
	2,112	KC Tech Co. Ltd.		30,121
	600	KCC Corp.		223,801
	2,519	KEPCO Plant Service & Engineering Co. Ltd.		166,916
	1,633	Keyang Electric Machinery Co. Ltd.		7,145
	2,361	KG Chemical Corp.		33,051
	2,369	KH Vatec Co. Ltd.		36,281
	585	KISCO Corp.		26,955
	2,233	Kishin Corp.		11,759
	2,418	KISWIRE Ltd.		90,511
	3,098	KIWOOM Securities Co. Ltd.		184,618
	9,767	Koentec Co. Ltd.		22,330
	1,319	Koh Young Technology, Inc.		48,620
	193,971	Kolao Holdings		1,744,956
	725	Kolon Corp.		37,414

Shares			Value
SOUTH KOREA (continued)
	3,413	Kolon Industries, Inc.	$	209,381
	461	Kolon Life Science, Inc.		69,470
	1,632	KONA I Co. Ltd.		29,363
	2,126	Kook Soon Dang Brewery Co. Ltd.		12,781
	3,069	Korea Circuit Co. Ltd.		28,417
	809	Korea Electric Terminal Co. Ltd.		63,476
	820	Korea Export Packaging Industrial Co. Ltd.		14,825
	1,060	Korea Flange Co. Ltd.(d)		14,885
	1,290	Korea Gas Corp.		46,929
	15,405	Korea Investment Holdings Co. Ltd.		623,285
	1,694	Korea Kolmar Co. Ltd.		129,644
	602	Korea Kolmar Holdings Co. Ltd.		26,787
	2,929	Korea Line Corp.(d)		45,758
	668	Korea PetroChemical Ind Co. Ltd.		138,067
	1,632	Korea United Pharm, Inc.		27,644
	7,494	Korean Air Lines Co. Ltd.(d)		192,053
	19,281	Korean Reinsurance Co.		225,063
	2,714	Kortek Corp.		29,060
	787	KPX Chemical Co. Ltd.		35,572
	1,874	KT Skylife Co. Ltd.		26,645
	1,913	Kukdo Chemical Co. Ltd.		110,307
	3,137	Kumho Petrochemical Co. Ltd.		188,044
	7,068	Kumho Tire Co., Inc.(d)		50,929
	865	Kumkang Kind Co. Ltd.		40,919
	5,317	Kwang Dong Pharmaceutical Co. Ltd.		47,832
	4,902	Kyobo Securities Co. Ltd.		45,603
	597	Kyung Dong Navien Co. Ltd.		20,225
	101	Kyungbang Ltd.		15,424
	5,351	Kyungchang Industrial Co. Ltd.		26,346
	1,746	Kyungdong Pharm Co. Ltd.		26,970
	2,833	Kyung-In Synthetic Corp.		10,294
	894	Leadcorp Inc The		6,591
	1,856	LEENO Industrial, Inc.		69,800
	3,518	LF Corp.		79,505
	907	LG Hausys Ltd.		119,405
	3,281	LG Innotek Co. Ltd.		212,225
	6,921	LG International Corp.		230,214
	695	LG Life Sciences Ltd.(d)		41,905
	71,227	LG Uplus Corp.		700,143
	2,359	Lock & Lock Co. Ltd.		27,536
	558	Loen Entertainment Inc(d)		37,905
	319	Lotte Chilsung Beverage Co. Ltd.		551,545
	1,316	LOTTE Fine Chemical Co. Ltd.		43,370
	97	Lotte Food Co. Ltd.		69,809
	1,405	LOTTE Himart Co. Ltd.		69,547
	5,839	Lotte Non-Life Insurance Co. Ltd.(d)		14,861
	1,441	LS Corp.		64,247
	3,687	LS Industrial Systems Co. Ltd.		169,238

Shares			Value
SOUTH KOREA (continued)
	16,340	Macquarie Korea Infrastructure Fund	$	121,467
	48	Maeil Dairy Industry Co. Ltd.		1,959
	1,025	Mando Corp.		169,574
	815	Mando Corp.		40,485
	6,405	Medy-Tox, Inc.		2,377,844
	450	MegaStudyEdu Co. Ltd.		19,747
	5,349	Meritz Financial Group, Inc.		59,386
	20,522	Meritz Fire & Marine Insurance Co. Ltd.		290,881
	135,059	Meritz Securities Co. Ltd.		427,912
	44	Mi Chang Oil Industrial Co. Ltd.		3,267
	19,450	Mirae Asset Securities Co. Ltd.		420,785
	1,450	MK Electron Co. Ltd.		11,759
	9,910	Moorim P&P Co. Ltd.		37,704
	8,590	Motonic Corp.		75,768
	1,053	Muhak Co. Ltd.		29,666
	2,496	Namhae Chemical Corp.		21,621
	1,118	NCSoft Corp.		224,699
	1,538	Neowiz Games Corp.(d)		20,179
	3,444	NEPES Corp.		23,093
	2,303	Nexen Corp.(b)		163,316
	6,177	Nexen Tire Corp.		78,880
	18,756	NH Investment & Securities Co. Ltd.		163,790
	1,316	NHN KCP Corp.		27,316
	2,105	NICE Holdings Co. Ltd.		37,504
	5,313	NICE Information Service Co. Ltd.		41,081
	3,081	NK Co. Ltd.(d)		12,412
	199	Nong Shim Holdings Co. Ltd.		25,761
	280	NongShim Co. Ltd.		91,785
	454	Noroo Holdings Co. Ltd.		8,288
	2,740	NPC		17,964
	3,910	OCI Co. Ltd.(d)		389,490
	1,723	Osstem Implant Co. Ltd.(d)		108,273
	131	Ottogi Corp.		93,933
	15,507	Pan Ocean Co. Ltd.(d)		54,031
	2,944	Pan-Pacific Co. Ltd.		14,418
	1,530	PaperCorea, Inc.(d)		998
	5,040	Paradise Co. Ltd.		76,746
	4,829	Partron Co. Ltd.		47,256
	9,216	Poongsan Corp.		257,618
	1,399	Poongsan Holdings Corp.		55,253
	3,440	POSCO Chemtech Co. Ltd.		36,833
	13,431	Posco Daewoo Corp.		292,926
	9,753	Posco ICT Co. Ltd.(d)		49,133
	601	Posco M-Tech Co. Ltd.		1,651
	5,547	Power Logics Co. Ltd.(d)		20,544
	180	Pulmuone Co. Ltd.		28,357
	134,562	Pyeong Hwa Automotive Co. Ltd.		1,517,572
	3,651	S&T Dynamics Co. Ltd.		35,888
	3,341	S&T Holdings Co. Ltd.		69,934
	1,402	S&T Motiv Co. Ltd.		81,949
	2,112	S-1 Corp.		172,571

Shares			Value
SOUTH KOREA (continued)
	481	Sajo Industries Co. Ltd.(d)	$	24,358
	422	Sam Yung Trading Co. Ltd.		7,815
	163	Samchully Co. Ltd.		15,379
	1,716	SAMHWA Paints Industrial Co. Ltd.		19,052
	5,492	Samick Musical Instruments Co. Ltd.		14,870
	4,310	Samick THK Co. Ltd.		39,151
	2,001	Samjin Pharmaceutical Co. Ltd.		48,120
	250	Samkwang Glass Co. Ltd.		19,528
	217	Samlip General Foods Co. Ltd.		40,566
	5,104	Samsung Card Co. Ltd.		173,807
	12,177	Samsung Electro-Mechanics Co. Ltd.		556,803
	7,710	Samsung Engineering Co. Ltd.(d)		85,599
	19,123	Samsung Heavy Industries Co. Ltd.(d)		179,582
	10,766	Samsung Securities Co. Ltd.		372,284
	318	Samyang Holdings Corp.		45,492
	10,570	Savezone I&C Corp.		53,063
	5,185	SBS Media Holdings Co. Ltd.		15,085
	7,130	Seah Besteel Corp.		182,411
	485	SeAH Holdings Corp.		59,380
	1,408	SeAH Steel Corp.		102,690
	2,045	Sebang Co. Ltd.		30,871
	2,530	Sebang Global Battery Co. Ltd.		95,591
	69,164	Seegene, Inc.(d)		2,127,609
	5,490	Sejong Industrial Co. Ltd.		47,701
	1,680	Sekonix CO Ltd.		25,951
	877	Seobu T&D(d)		17,896
	17,654	Seohan CO Ltd.		32,460
	23,722	Seohee Construction Co. Ltd.(d)		25,192
	5,420	Seoul Semiconductor Co. Ltd.		73,256
	3,879	Seoyon Co. Ltd.		42,045
	3,253	Sewon Cellontech Co. Ltd.(d)		10,164
	520	Sewon Precision Industry Co. Ltd.		9,242
	1,290	SFA Engineering Corp.		64,534
	7,407	SFA Semicon Co. Ltd.(d)		16,187
	3,125	Shin Poong Pharmaceutical Co. Ltd.(d)		17,910
	2,335	Shinsegae Co. Ltd.		433,432
	50	Shinsegae Information & Communication Co. Ltd.		3,949
	176	Shinsegae International, Inc.		12,002
	4,011	Shinsung Solar Energy Co. Ltd.(d)		6,055
	22,990	Shinsung Tongsang Co. Ltd.(d)		33,192
	15,480	Shinwon Corp.(d)		25,474
	1,305	Silicon Works Co. Ltd.		36,536
	1,338	Silla Co. Ltd.		20,315
	1,760	SIMPAC, Inc.		7,816
	1,888	SJM Co. Ltd.		12,428
	1,334	SK Chemicals Co. Ltd.		85,117
	1,906	SK Gas Ltd.		142,356

Shares			Value
SOUTH KOREA (continued)
	537	SK Materials Co. Ltd.	$	55,991
	9,924	SK Networks Co. Ltd.		59,140
	39,972	SK Securities Co. Ltd.(d)		40,519
	10,160	SKC Co. Ltd.		250,121
	2,927	SL Corp.		40,974
	1,102	SM Entertainment Co.(d)		39,654
	3,825	Songwon Industrial Co. Ltd.		69,826
	2,204	Soulbrain Co. Ltd.		84,144
	4,675	Ssangyong Cement Industrial Co. Ltd.(d)		86,164
	1,402	Suheung Co. Ltd.		56,540
	4,811	Sung Kwang Bend Co. Ltd.		51,302
	379	Sungchang Enterprise Holdings Ltd.(b)(c)		12,025
	5,826	Sungshin Cement Co. Ltd.(d)		71,585
	5,645	Sungwoo Hitech Co. Ltd.		46,125
	214	Sunjin Co. Ltd.		5,559
	73	Suprema HQ, Inc.(d)		549
	67	Suprema Inc(d)		1,591
	6,520	Tae Kyung Industrial Co. Ltd.		29,642
	182	Taekwang Industrial Co. Ltd.		158,615
	10,606	Taeyoung Engineering & Construction Co. Ltd.(d)		59,760
	10,109	Tailim Packaging Industrial Co. Ltd.		27,681
	772	TBH Global Co. Ltd. (The)(d)		7,927
	16,250	TK Chemical Corp.(d)		32,802
	3,460	TK Corp.		32,644
	16,256	Tongyang Life Insurance Co. Ltd.		151,232
	3,450	Tovis Co. Ltd.		29,552
	1,049	TS Corp.		20,162
	1,935	Unid Co. Ltd.		79,733
	740	Value Added Technologies Co. Ltd.		25,004
	719	Vieworks Co. Ltd.		31,804
	1,916	Webzen Inc(d)		39,097
	6,892	Wonik IPS Co. Ltd.(b)(c)(d)		67,142
	3,529	Woongjin Thinkbig Co. Ltd.(d)		42,432
	4,055	Y G-1 Co. Ltd.		38,258
	1,080	YESCO Co. Ltd.		35,403
	1,004	YG Entertainment, Inc.		37,714
	9,270	Yoosung Enterprise Co. Ltd.		33,316
	2,084	Youlchon Chemical Co. Ltd.		23,320
	191	Young Poong Corp.		181,546
	112	Young Poong Precision Corp.		904
	3,086	Youngone Corp.		123,776
	1,498	Youngone Holdings Co. Ltd.		84,537
	454	Yuhan Corp.		116,349
				44,785,284
SPAIN — 0.7%
	60,180	Abertis Infraestructuras SA		1,014,692
	11,710	Acciona SA		937,798
	19,655	Acerinox SA		232,150

Shares			Value
SPAIN (continued)
	56,009	ACS Actividades de Construccion y Servicios SA	$	1,851,853
	12,110	Aena SA(d)		1,727,088
	19,684	Almirall SA		323,439
	7,200	Atresmedia Corp. de Medios de Comunicaion SA		93,739
	1,856,547	Banco de Sabadell SA		3,548,043
	32,113	Banco de Sabadell SA - New Issue Shares 2016(c)(d)		61,371
	610,371	Banco Popular Espanol SA		1,659,908
	757,400	Bankia SA		705,087
	178,993	Bankinter SA		1,364,193
	895	Baron de Ley(d)		104,942
	17,990	Bolsas y Mercados Espanoles SHMSF SA		608,717
	20,024	Caja de Ahorros del Mediterraneo(b)(c)(d)		0
	4,948	Cementos Portland Valderrivas SA(d)		34,448
	11,410	Cia de Distribucion Integral Logista Holdings SA		251,372
	14,653	Cie Automotive SA		264,513
	452	Construcciones y Auxiliar de Ferrocarriles SA		146,989
	7,750	Corp. Financiera Alba SA		317,873
	197,780	Distribuidora Internacional de Alimentacion SA		1,097,469
	8,393	Duro Felguera SA		15,088
	25,642	Ebro Foods SA		581,064
	88,525	EDP Renovaveis SA		690,303
	8,592	Elecnor SA		77,723
	84,071	Enagas SA		2,561,156
	34,719	Ence Energia y Celulosa SA		100,183
	18,452	Ercros SA(d)		13,057
	16,370	Faes Farma SA		51,454
	62,797	Ferrovial SA		1,351,115
	9,353	Fluidra SA		41,125
	8,005	Fomento de Construcciones y Contratas SA(d)		69,498
	76,952	Gamesa Corp. Tecnologica SA		1,515,126
	49,160	Grifols SA		774,282
	37,860	Grifols SA		823,468
	16,692	Grupo Catalana Occidente SA		528,482
	1,413	Iberpapel Gestion SA		29,803
	9,566	Indra Sistemas SA(d)		112,055
	67,738	Inmobiliaria Colonial SA(d)		51,968
	1,502	Laboratorios Farmaceuticos Rovi SA		25,403
	198,527	Liberbank SA(d)		238,691
	435,492	Mapfre SA		1,104,538
	62,845	Mediaset Espana Comunicacion SA		816,038
	11,410	Melia Hotels International SA		143,585
	9,143	Miquel y Costas & Miquel SA		372,705
	14,127	NH Hotel Group SA(d)		67,940
	20,424	Obrascon Huarte Lain SA		144,553

Shares			Value
SPAIN (continued)
	59,916	Papeles y Cartones de Europa SA	$	370,479
	9,252	Pescanova SA(b)(c)(d)		0
	19,936	Pharma Mar SA(d)		62,777
	1,765	Prim SA		17,542
	889,006	Prosegur Cia de Seguridad SA		5,140,705
	30,225	Red Electrica Corp. SA		2,698,488
	114,480	Sacyr SA		243,689
	12,977	Tecnicas Reunidas SA		435,826
	41,405	Tubacex SA		107,860
	4,430	Vidrala SA		262,000
	10,607	Viscofan SA		595,013
	6,359	Vocento SA(d)		10,121
	69,264	Zardoya Otis SA		735,214
				39,325,801
SWAZILAND — 0.0%
	84,845	Katanga Mining Ltd.(d)		10,143
SWEDEN — 1.0%
	105,709	AAK AB		7,983,676
	10,741	Acando AB		23,006
	3,039	Addlife AB(d)		38,411
	759	Addlife AB - New Issue Shares 2016(d)		9,593
	3,083	AddNode Group AB		20,155
	12,158	AddTech AB - Class B		152,913
	826,705	AF AB - B Shares(c)		14,155,114
	2,072	Atrium Ljungberg AB - Class B		32,897
	2,441	Avanza Bank Holding AB		95,902
	13,583	Axfood AB		251,517
	6,689	B&B Tools AB - Class B		134,522
	4,948	Beijer Alma AB		116,761
	2,816	Beijer Ref AB		63,821
	14,448	Betsson AB		195,388
	11,179	Bilia AB		267,279
	79,471	BillerudKorsnas AB		1,234,057
	2,484	BioGaia AB - Class B		62,792
	8,156	Biotage AB		27,321
	140,078	Boliden AB		2,442,070
	2,022	Bulten AB		19,262
	19,231	Bure Equity AB		167,633
	11,054	Byggmax Group AB		89,473
	8,237	Castellum AB		131,805
	1,272	Catena AB		19,602
	7,218	Clas Ohlson AB - Class B		145,610
	56,029	Cloetta AB - B Shares		188,381
	11,559	Doro AB(d)		105,076
	12,044	Duni AB		175,101
	52,670	Elekta AB - Class B		385,001
	692,354	Eltel AB(d)		8,298,299
	1,207	Enea AB		13,452
	7,041	Fabege AB		117,490
	2,223	Fagerhult AB		51,766
	4,295	Getinge AB - Class B		90,816
	22,187	Gunnebo AB		122,118
	3,932	Haldex AB		33,295

Shares			Value
SWEDEN (continued)
	49,658	Hexpol AB	$	513,248
	5,834	HiQ International AB		36,506
	440	HMS Networks AB		12,082
	12,960	Holmen AB - Class B		446,716
	16,852	Husqvarna AB - Class A		133,990
	123,031	Husqvarna AB - Class B		980,516
	5,489	Indutrade AB		307,791
	248	Infant Bacterial Therapeutics AB(d)		1,899
	14,684	Intrum Justitia AB		526,985
	13,671	JM AB		395,296
	17,550	KappAhl AB		72,775
	3,685	KNOW IT AB		26,500
	13,464	Kungsleden AB		92,633
	8,118	Lagercrantz Group AB - B Shares		75,059
	18,526	Lindab International AB		147,531
	22,722	Loomis AB - Class B		630,408
	14,653	Lundin Petroleum AB(d)		274,432
	128,471	Meda AB - Class A		2,369,301
	310	Medivir AB - Class B(d)		2,142
	9,858	Mekonomen AB		250,426
	6,717	Modern Times Group MTG AB - Class B		201,415
	4,122	MQ Holding AB		20,481
	3,624	Munksjo Oyj		41,289
	5,655	Mycronic AB		44,188
	1,799	NCC AB - Class A		61,270
	40,560	NCC AB - Class B		1,385,933
	2,159	Nederman Holding AB		52,157
	66,395	Net Insight AB - Class B(d)		52,088
	4,881	Netent AB		307,249
	10,064	New Wave Group AB - Class B		46,370
	10,411	Nibe Industrier AB - Class B		361,707
	31,265	Nobia AB		356,432
	8,614	Nolato AB - B Shares		232,232
	16,154	Nordnet AB - Class B		55,520
	53,368	Opus Group AB		28,842
	117,641	Peab AB		981,508
	12,951	Pricer AB - B Shares(d)		14,111
	33,581	Ratos AB - Class B		196,457
	1,189	Raysearch Laboratories AB(d)		17,175
	32,557	Rezidor Hotel Group AB		137,843
	10,568	Saab AB - Class B		361,503
	166	Sagax AB - Class B		1,431
	48,567	SAS AB(d)		139,101
	3,644	Sectra AB - B Shares		50,255
	60,029	Securitas AB - Class B		947,852
	3,842	Semcon AB		18,563
	7,282	SkiStar AB		101,108
	31,885	SSAB - A Shares(d)		135,525
	63,742	SSAB AB - B Shares(d)		221,738
	13,628	Sweco AB - Class B		211,112
	2,770	Systemair AB		35,356
	160,843	Tele2 AB - B Shares		1,534,232
	3,356	Transcom Worldwide AB(d)		26,119

Shares			Value
SWEDEN (continued)
	54,462	Trelleborg AB - Class B	$	992,197
	2,479	Vitrolife AB		121,319
	12,698	Wallenstam AB		106,733
				54,356,022
SWITZERLAND — 1.5%
	7,763	AFG Arbonia-Forster Holding AG(d)		108,033
	560,000	Allied World Assurance Co. Holdings AG		19,924,800
	4,067	Allreal Holding AG		566,828
	553	Alpiq Holding AG		36,894
	934	ALSO Holding AG		66,450
	276	APG SGA SA		115,659
	25,085	Aryzta AG		974,061
	11,931	Ascom Holding AG		195,264
	827	Autoneum Holding AG		197,159
	83	Bachem Holding AG - Class B		5,537
	30,200	Baloise Holding AG		3,736,829
	640	Bank Coop AG		27,353
	277	Banque Cantonale de Geneve		84,604
	935	Banque Cantonale Vaudoise		644,744
	486	Barry Callebaut AG		570,960
	942	Basler Kantonalbank		67,854
	1,342	Belimo Holding AG		3,833,087
	610	Bell AG		241,635
	1,144	Berner Kantonalbank AG		234,453
	528	BKW AG		22,952
	2,740	Bobst Group SA		149,667
	1,166	Bossard Holding AG(d)		126,652
	2,624	Bucher Industries AG		628,852
	31,558	Burckhardt Compression Holding AG(c)		11,234,293
	232	Burkhalter Holding AG		28,900
	1,012	Calida Holding AG		34,813
	36	Carlo Gavazzi Holding AG		8,444
	1,410	Cembra Money Bank AG		96,641
	178	Cham Paper Holding AG		53,810
	230	Cicor Technologies(d)		5,922
	40	Cie Financiere Tradition SA		2,739
	117,388	Clariant AG		2,220,986
	43,237	Coca-Cola HBC AG - CDI		884,463
	638	Coltene Holding AG		39,937
	140	Conzzeta AG		90,483
	32,592	Daetwyler Holding AG		4,844,803
	821	dorma+kaba Holding AG		532,328
	2,326	Dufry AG(d)		305,995
	11,406	EFG International AG		71,221
	844	Emmi AG		505,890
	894	EMS-Chemie Holding AG		441,968
	2,730	Energiedienst Holding AG		64,600
	1,279	Flughafen Zuerich AG		1,173,939
	178	Forbo Holding AG		216,725
	854	Galenica AG		1,248,106
	47,446	GAM Holding AG		618,237
	3,045	Gategroup Holding AG		167,756

Shares			Value
SWITZERLAND (continued)
	2,399	Georg Fischer AG	$	1,948,109
	127	Gurit Holding AG		80,293
	4,128	Helvetia Holdings AG		2,220,419
	3,758	Highlight Communications AG		24,997
	201	HOCHDORF Holding AG		40,187
	1,537	Huber + Suhner AG		75,384
	5,293	Implenia AG		353,124
	249	Inficon Holding AG		82,152
	136	Interroll Holding AG		120,717
	104	Intershop Holding AG		48,786
	7,531	Julius Baer Group Ltd.		321,950
	1	Jungfraubahn Holding AG		106
	1,015	Kardex AG		81,841
	1,169	Komax Holding AG		258,221
	19,796	Kudelski SA(d)		337,397
	403	Kuoni Reisen Holding AG(d)		155,016
	144	LEM Holding SA		129,094
	13,174	Logitech International SA		201,874
	10,301	Lonza Group AG		1,713,791
	989	Luzerner Kantonalbank AG		424,498
	275	MCH Group AG		18,289
	73	Metall Zug AG - Class B		224,106
	1,111	Meyer Burger Technology AG(d)		5,096
	1,603	Mobilezone Holding AG		22,642
	1,904	Mobimo Holding AG		436,056
	111,727	OC Oerlikon Corp AG(d)		1,078,486
	2,840	Orascom Development Holding AG(d)		24,394
	3,404	Oriflame Holding AG(d)		68,415
	1,832	Orior AG		117,066
	1,572	Panalpina Welttransport Holding AG		183,698
	3,238	Partners Group Holding AG		1,333,274
	208	Phoenix Mecano AG		102,179
	140	Plazza AG(d)		30,210
	1,315	Rieter Holding AG		272,239
	154	Romande Energie Holding SA		170,968
	78	Schaffner Holding AG		17,075
	129,528	Schmolz & Bickenbach AG(d)		94,516
	225	Schweiter Technologies AG		212,616
	763	Siegfried Holding AG		143,167
	441	Sika AG		1,876,997
	1,983	Sonova Holding AG		265,006
	763	St. Galler Kantonalbank AG		315,763
	216,204	STMicroelectronics NV		1,327,942
	75,490	Stmicroelectronics NV(c)		464,184
	1,057	Straumann Holding AG		366,363
	4,456	Sulzer AG		406,674
	8,673	Swiss Life Holding AG		2,188,818
	896	Swissquote Group Holding SA		22,230
	953	Tamedia AG		153,684
	717	Tecan Group AG		99,556
	4,539	Temenos Group AG		235,396
	4,427	Valiant Holding AG		490,556
	1,601	Valora Holding AG		390,695

Shares			Value
SWITZERLAND (continued)
	457	Vaudoise Assurances Holding SA	$	238,433
	24	Vetropack Holding AG		37,527
	7,402	Vontobel Holding AG		320,216
	679	Walter Meier AG		23,039
	62	Ypsomed Holding AG		9,242
	3,383	Zehnder Group AG(d)		143,001
	52	Zug Estates Holding AG - B Shares		86,188
	31	Zuger Kantonalbank AG		159,605
				80,246,889
TAIWAN — 0.7%
	32,000	Accton Technology Corp.		30,013
	302,878	Acer, Inc.(d)		107,993
	64,765	Achem Technology Corp.		24,799
	9,000	Actron Technology Corp.		35,857
	9,998	Adlink Technology, Inc.		20,645
	54,060	Advancetek Enterprise Co. Ltd.		33,187
	306,694	Airtac International Group		2,034,927
	22,045	Alltek Technology Corp.		20,608
	29,050	Altek Corp.		21,842
	44,000	Ambassador Hotel (The)		35,060
	18,000	AMPOC Far-East Co. Ltd.		14,120
	24,139	Anpec Electronics Corp.		18,374
	42,000	APCB, Inc.		21,942
	164,230	Ardentec Corp.		102,602
	63,427	Arima Communications Corp.(d)		12,409
	28,000	Asia Optical Co., Inc.(d)		20,835
	30,100	Asia Vital Components Co. Ltd.		23,704
	11,000	Aten International Co. Ltd.		27,387
	118,000	AU Optronics Corp.		34,391
	27,800	Audix Corp.		28,875
	12,000	Aurora Corp.		20,761
	43,991	Bank of Kaohsiung Co. Ltd.		11,771
	360,350	BES Engineering Corp.		67,259
	28,000	Biostar Microtech International Corp.(d)		6,424
	1,000	Boardtek Electronics Corp.		1,439
	13,000	C Sun Manufacturing Ltd.		5,703
	145,781	Capital Securities Corp.		38,465
	69,000	Career Technology Manufacturing Co. Ltd.		39,364
	13,000	Casetek Holdings Ltd.		58,646
	149,000	Cathay Real Estate Development Co. Ltd.		66,062
	19,760	Central Reinsurance Co. Ltd.		8,822
	64,000	Chailease Holding Co. Ltd.		107,550
	26,000	ChainQui Construction Development Co. Ltd.		19,065
	87,000	Champion Building Materials Co. Ltd.(d)		18,693
	1,923	Chang Wah Electromaterials, Inc.		5,122
	46,185	Charoen Pokphand Enterprise		40,023

Shares			Value
TAIWAN (continued)
	7,000	Chaun-Choung Technology Corp.	$	23,982
	13,000	CHC Resources Corp.		24,305
	731,920	Cheng Loong Corp.		262,105
	110,797	Cheng Uei Precision Industry Co. Ltd.		142,563
	272,659	Chia Hsin Cement Corp.		77,521
	99,527	Chicony Electronics Co. Ltd.		239,151
	48,120	Chien Kuo Construction Co. Ltd.		13,383
	11,164	Chilisin Electronics Corp.		18,449
	541,744	China Airlines Ltd.(d)		177,205
	18,000	China Chemical & Pharmaceutical Co. Ltd.		10,436
	11,000	China Ecotek Corp.		18,417
	69,907	China General Plastics Corp.		33,921
	308,108	China Life Insurance Co. Ltd.		232,612
	63,077	China Metal Products		74,610
	58,881	China Petrochemical Development Corp.(d)		14,897
	12,114	China Steel Chemical Corp.		40,564
	37,000	China Steel Structure Co. Ltd.		26,156
	202,321	China Synthetic Rubber Corp.		148,982
	44,800	China Wire & Cable Co. Ltd.		17,363
	42,883	Chin-Poon Industrial Co. Ltd.		86,955
	75,000	Chipbond Technology Corp.		99,991
	12,751	Chipmos Technologies, Inc.		12,335
	35,876	Chroma ATE, Inc.		79,643
	64,000	Chun Yu Works & Co. Ltd.		27,582
	112,779	Chun Yuan Steel		37,764
	77,779	Chung Hwa Pulp Corp.		24,019
	69,125	Chung-Hsin Electric & Machinery Manufacturing Corp.		39,649
	228,000	Chunghwa Picture Tubes Ltd.(d)		3,747
	4,000	Cleanaway Co. Ltd.		21,703
	51,348	Clevo Co.		44,975
	26,300	CoAsia Microelectronics Corp.(d)		16,472
	95,000	Compal Electronics, Inc.		55,964
	366,000	Compeq Manufacturing Co. Ltd.		203,125
	51,000	Concord Securities Co. Ltd.(d)		9,914
	115,873	Continental Holdings Corp.(d)		39,878
	221,500	Coretronic Corp.		201,563
	50,000	Coxon Precise Industrial Co. Ltd.		70,226
	84,838	CTCI Corp.		110,608
	2,637	Cub Elecparts, Inc.		31,968
	2,660	Cyberlink Corp.		5,757
	6,000	Cyberpower Systems, Inc.		18,063
	76,000	DA CIN Construction Co. Ltd.		36,642
	15,678	Da-Li Development Co. Ltd.		10,621
	42,000	Darfon Electronics Corp.		25,653
	66,201	Delpha Construction Co. Ltd.(d)		33,970

Shares			Value
TAIWAN (continued)
	24,000	Depo Auto Parts Industrial Co. Ltd.	$	74,337
	7,000	DFI, Inc.		13,131
	65,904	D-Link Corp.(d)		20,638
	20,183	Dynamic Electronics Co. Ltd.(d)		5,269
	54,000	E Ink Holdings, Inc.(d)		25,114
	63,675	Eastern Media International Corp.(d)		11,253
	13,541	Edom Technology Co. Ltd.		6,843
	34,320	Elan Microelectronics Corp.		35,594
	14,000	E-LIFE MALL Corp.		25,219
	14,400	Elite Advanced Laser Corp.		69,203
	43,967	Elite Material Co. Ltd.		78,520
	14,000	Elite Semiconductor Memory Technology, Inc.		11,394
	96,489	Elitegroup Computer Systems Co. Ltd.		59,234
	9,000	eMemory Technology, Inc.		98,782
	8,480	ENG Electric Co. Ltd.		4,496
	133,000	EnTie Commercial Bank Co. Ltd.		57,319
	75,015	Epistar Corp.		48,261
	105,806	Eternal Materials Co. Ltd.		105,796
	28,000	E-Ton Solar Tech Co. Ltd.(d)		8,725
	474,272	Eva Airways Corp.(d)		235,276
	40,000	Everest Textile Co. Ltd.		19,099
	99,000	Evergreen International Storage & Transport Corp.		40,057
	297,138	Evergreen Marine Corp. Taiwan Ltd.		109,631
	62,231	Everlight Chemical Industrial Corp.		38,879
	75,643	Everlight Electronics Co. Ltd.		106,125
	10,373	Excelsior Medical Co. Ltd.		15,920
	192,062	Far Eastern Department Stores Ltd.		103,019
	688,085	Far Eastern International Bank		199,899
	478	Faraday Technology Corp.		642
	43,000	Farglory F T Z Investment Holding Co. Ltd.(d)		19,598
	156,133	Federal Corp.		69,467
	56,320	Feng Hsin Steel Co. Ltd.		79,452
	19,000	First Copper Technology Co. Ltd.		4,165
	62,293	First Hotel		35,538
	61,000	First Insurance Co. Ltd. (The)		21,750
	20,045	FLEXium Interconnect, Inc.		46,239
	9,955	Flytech Technology Co. Ltd.		33,489
	48,000	Formosa Advanced Technologies Co. Ltd.		33,336
	9,764	Formosa International Hotels Corp.		59,184
	31,203	Formosa Oilseed Processing Co. Ltd.		28,733
	25,000	Formosa Taffeta Co. Ltd.		22,944
	61,000	Formosan Rubber Group, Inc.		31,490
	73,628	Formosan Union Chemical		35,840

Shares			Value
TAIWAN (continued)
	33,000	Fortune Electric Co. Ltd.	$	15,552
	55,439	Founding Construction & Development Co. Ltd.		29,908
	90,321	Froch Enterprise Co. Ltd.		28,564
	23,518	FSP Technology, Inc.		17,537
	15,000	Fubon No. 1 REIT		7,939
	1,000	Fubon No. 2 REIT		419
	15,800	Fullerton Technology Co. Ltd.		11,831
	105,412	Fwusow Industry Co. Ltd.		49,351
	34,639	G Shank Enterprise Co. Ltd.		24,218
	7,535	GeoVision, Inc.		15,956
	77,000	Getac Technology Corp.		52,045
	6,000	Giant Manufacturing Co. Ltd.		36,090
	58,781	Gigabyte Technology Co. Ltd.		62,876
	2,400	Gigasolar Materials Corp.		40,033
	290,000	Ginko International Co. Ltd.		3,146,994
	2,474	Gintech Energy Corp.(d)		1,688
	12,000	Global Lighting Technologies, Inc.		21,579
	76,650	Globe Union Industrial Corp.		36,123
	164,770	Gold Circuit Electronics Ltd.(d)		41,380
	370,852	Goldsun Building Materials Co. Ltd.		95,665
	7,000	Gourmet Master Co. Ltd.		56,429
	344,000	Grand Pacific Petrochemical		179,183
	12,000	Grape King Bio Ltd.		72,365
	59,000	Great China Metal Industry		48,933
	40,000	Great Taipei Gas Co. Ltd.		28,835
	127,946	Great Wall Enterprise Co. Ltd.		86,876
	27,000	GTM Holdings Corp.(d)		10,380
	35,000	Hannstar Board Corp.		10,070
	333,000	HannStar Display Corp.(d)		38,717
	30,300	Harvatek Corp.		9,216
	110,000	Hey Song Corp.		118,857
	66,666	Highwealth Construction Corp.		100,248
	7,000	Hiroca Holdings Ltd.		27,563
	620	Hitron Technology, Inc.		346
	13,309	Hiwin Technologies Corp.		58,595
	92,506	Ho Tung Chemical Corp.(d)		20,593
	87,000	Hocheng Corp.		21,364
	8,800	Holiday Entertainment Co. Ltd.		14,161
	28,294	Holy Stone Enterprise Co. Ltd.		29,037
	62,000	Hong Tai Electric Industrial		16,224
	17,507	Hota Industrial Manufacturing Co. Ltd.		84,134
	68,678	Hsin Kuang Steel Co. Ltd.		33,111
	56,993	Hsing TA Cement Co.		17,671
	11,000	Hu Lane Associate, Inc.		51,158
	253,000	HUA ENG Wire & Cable Co. Ltd.(d)		52,949
	479	Huaku Development Co. Ltd.		847
	31,000	Hung Ching Development & Construction Co. Ltd.		17,108
	109,514	Hung Poo Real Estate Development Corp.		88,452
	39,000	Hung Sheng Construction Ltd.		19,226

Shares			Value
TAIWAN (continued)
	41,991	Hwa Fong Rubber Co. Ltd.	$	14,516
	34,341	Ichia Technologies, Inc.		16,290
	22,000	I-Chiun Precision Industry Co. Ltd.		6,003
	31,000	ILI Technology Corp.		48,538
	3,000	Infortrend Technology, Inc.		1,488
	180,155	Inventec Corp.		119,254
	2,000	I-Sheng Electric Wire & Cable Co. Ltd.		2,353
	26,691	ITE Technology, Inc.		22,923
	14,000	Jess-Link Products Co. Ltd.		11,611
	139,723	Jih Sun Financial Holdings Co. Ltd.		30,455
	4,680	Johnson Health Tech Co. Ltd.		7,400
	13,000	Kaulin Manufacturing Co. Ltd.		6,832
	165,823	KEE TAI Properties Co. Ltd.		78,405
	142,825	Kenda Rubber Industrial Co. Ltd.		248,869
	24,000	Kenmec Mechanical Engineering Co. Ltd.		8,557
	49,000	Kerry TJ Logistics Co. Ltd.		63,276
	171,000	Kindom Construction Corp.		84,829
	132,000	King Slide Works Co. Ltd.		1,565,436
	157,184	King Yuan Electronics Co. Ltd.		138,894
	294,185	King’s Town Bank Co. Ltd.		205,226
	27,062	King’s Town Construction Co. Ltd.		14,432
	16,000	Kinik Co.		25,151
	244,343	Kinpo Electronics, Inc.(d)		82,576
	56,000	Kinsus Interconnect Technology Corp.		108,517
	534,123	KMC Kuei Meng International, Inc.		2,020,370
	16,328	KS Terminals, Inc.		19,364
	11,000	Kung Long Batteries Industrial Co. Ltd.		45,531
	40,000	Kung Sing Engineering Corp.(d)		14,138
	104,982	Kuoyang Construction Co. Ltd.		38,246
	171,936	Kwong Fong Industries Corp.		102,352
	116,428	KYE Systems Corp.		32,489
	32,000	L&K Engineering Co. Ltd.		31,749
	102,714	Lealea Enterprise Co. Ltd.		29,171
	43,000	LEE CHI Enterprises Co. Ltd.		14,732
	60,638	Leofoo Development Co. Ltd.		16,958
	167,788	Li Peng Enterprise Co. Ltd.(d)		41,046
	32,080	Lian Hwa Food Corp.		28,994
	262,616	Lien Hwa Industrial Corp.		163,662
	70,000	Lingsen Precision Industries Ltd.		18,231
	53,882	Lite-On Semiconductor Corp.		33,746
	139,000	Lite-On Technology Corp.		169,370
	64,000	Long Bon International Co. Ltd.		36,710
	225,934	Long Chen Paper Co. Ltd.		94,568
	6,000	Longwell Co.		5,953
	9,451	Lotes Co. Ltd.		24,995
	69,000	Lucky Cement Corp.		21,714

Shares			Value
TAIWAN (continued)
	13,939	Lumax International Corp. Ltd.	$	20,356
	183,509	Macronix International(d)		20,483
	7,632	Makalot Industrial Co. Ltd.		40,819
	44,000	Marketech International Corp.		34,105
	145,892	Masterlink Securities Corp.		39,941
	2,152	Mayer Steel Pipe Corp.		824
	31,440	Meiloon Industrial Co. Ltd.		13,111
	97,188	Mercuries & Associates Holding Ltd.		56,349
	1,921	Mercuries Life Insurance Co. Ltd.		926
	16,130	Merida Industry Co. Ltd.		66,264
	27,091	Merry Electronics Co. Ltd.		50,565
	55,404	Micro-Star International Co. Ltd.		88,466
	17,369	Mirle Automation Corp.		18,418
	42,194	Motech Industries Inc.(d)		39,900
	4,000	Nak Sealing Technologies Corp.		9,314
	24,000	Namchow Chemical Industrial Co. Ltd.		44,573
	28,590	Nan Kang Rubber Tire Co. Ltd.(d)		24,155
	49,000	Nan Ren Lake Leisure Amusement Co. Ltd.		11,956
	38,000	Nan Ya Printed Circuit Board Corp.		35,817
	35,969	Nantex Industry Co. Ltd.		30,501
	21,000	National Petroleum Co. Ltd.		23,927
	44,428	Neo Solar Power Corp.		23,830
	10,000	New Era Electronics Co. Ltd.		7,317
	34,043	Nichidenbo Corp.		24,910
	40,267	Nien Hsing Textile Co. Ltd.		29,589
	4,000	Nishoku Technology, Inc.		6,096
	32,000	Novatek Microelectronics Corp.		112,114
	23,000	Ocean Plastics Co. Ltd.(d)		18,434
	171,000	OptoTech Corp.		57,790
	71,000	Orient Semiconductor Electronics Ltd.(d)		27,187
	35,500	Oriental Union Chemical Corp.		22,784
	555,000	Pacific Hospital Supply Co. Ltd.		1,638,173
	159,453	Pan Jit International, Inc.		83,056
	7,000	Parade Technologies Ltd.		65,110
	4,242	Paragon Technologies Co. Ltd.		2,926
	13,166	PChome Online, Inc.		139,812
	39,746	Phihong Technology Co. Ltd.		12,693
	11,000	Phison Electronics Corp.		91,914
	12,000	Pixart Imaging, Inc.		26,156
	7,000	Portwell, Inc.		10,243
	130,200	Powertech Technology, Inc.		264,009
	5,100	Poya International Co. Ltd.		54,079
	388,807	President Securities Corp.		147,070
	312,370	Prince Housing & Development Corp.		114,283
	121,000	Prodisc Technology, Inc.(b)(c)(d)		0
	26,000	Promate Electronic Co. Ltd.		27,408

Shares			Value
TAIWAN (continued)
	16,000	Promise Technology, Inc.	$	7,491
	628,520	Qisda Corp.		199,744
	66,008	Radiant Opto-Electronics Corp.		95,268
	135,677	Radium Life Tech Co. Ltd.		42,277
	36,825	Realtek Semiconductor Corp.		103,215
	45,771	Rechi Precision Co. Ltd.		34,201
	35,616	Rich Development Co. Ltd.		10,005
	18,000	Ruentex Development Co. Ltd.		20,314
	53,781	Ruentex Industries Ltd.		75,203
	75,335	Sampo Corp.		31,533
	18,557	San Fang Chemical Industry Co. Ltd.		22,065
	17,600	San Shing Fastech Corp.		32,523
	96,080	Sanyang Motor Co. Ltd.(d)		61,664
	21,000	Sercomm Corp.		49,874
	23,152	Sesoda Corp.		20,457
	28,000	Sheng Yu Steel Co. Ltd.		17,015
	62,000	Shihlin Electric & Engineering Corp.		76,123
	10,000	Shihlin Paper Corp.(d)		9,627
	1,138,606	Shin Kong Financial Holding Co. Ltd.		230,524
	40,000	Shin Kong No.1 REIT		17,363
	3,000	Shin Zu Shing Co. Ltd.		8,567
	75,658	Shining Building Business Co. Ltd.(d)		27,094
	99,000	Shinkong Insurance Co. Ltd.		73,054
	198,314	Shinkong Synthetic Fibers Corp.		52,571
	33,000	Shinkong Textile Co. Ltd.		38,062
	95,000	Sigurd Microelectronics Corp.		69,807
	42,000	Simplo Technology Co. Ltd.		141,940
	68,316	Sinbon Electronics Co. Ltd.		142,338
	57,170	Sincere Navigation Corp.		36,071
	6,487	Sinmag Equipment Corp.		21,521
	88,000	Sino-American Silicon Products, Inc.		93,858
	151,000	Sinon Corp.		65,076
	14,564	Sinphar Pharmaceutical Co. Ltd.		12,553
	23,487	Sinyi Realty, Inc.		19,589
	14,000	Sirtec International Co. Ltd.		16,885
	12,000	Sitronix Technology Corp.		35,122
	36,000	Siward Crystal Technology Co. Ltd.		21,207
	14,013	Solartech Energy Corp.		7,321
	15,000	Sonix Technology Co. Ltd.		14,929
	132,000	Southeast Cement Co. Ltd.		63,845
	5,198	Sporton International, Inc.		28,526
	8,560	Standard Chemical & Pharmaceutical Co. Ltd.		8,838
	70,481	Standard Foods Corp.		171,105
	33,000	Stark Technology, Inc.		26,909
	20,000	Sunonwealth Electric Machine Industry Co. Ltd.		14,262
	37,109	Sunrex Technology Corp.		17,546
	13,000	Sunspring Metal Corp.		16,364

Shares			Value
TAIWAN (continued)
	35,138	Supreme Electronics Co. Ltd.	$	15,906
	90,874	Sweeten Real Estate Development Co. Ltd.		45,503
	15,000	Syncmold Enterprise Corp.		24,602
	191,875	TA Chen Stainless Pipe Co. Ltd.		93,995
	107,340	Ta Ya Electric Wire & Cable(d)		14,843
	53,000	Tah Hsin Industrial Corp.		38,863
	3,251	TA-I Technology Co. Ltd.		1,663
	750,159	Taichung Commercial Bank Co. Ltd.		212,583
	11,000	Taiflex Scientific Co. Ltd.		11,920
	10,000	Tainan Enterprises Co. Ltd.		12,914
	878,045	Tainan Spinning Co. Ltd.		355,269
	35,716	Taisun Enterprise Co. Ltd.(d)		13,399
	56,924	Taita Chemical Co. Ltd.(d)		13,502
	12,000	Taiwan Acceptance Corp.		27,309
	2,205,184	Taiwan Business Bank(d)		568,850
	31,088	Taiwan Cogeneration Corp.		23,326
	6,000	Taiwan FamilyMart Co. Ltd.		38,973
	16,000	Taiwan Fertilizer Co. Ltd.		21,753
	54,320	Taiwan Fire & Marine Insurance Co. Ltd.		34,610
	18,000	Taiwan FU Hsing Industrial Co. Ltd.		23,719
	162,223	Taiwan Glass Industrial Corp.(d)		69,158
	42,081	Taiwan Hon Chuan Enterprise Co. Ltd.		66,410
	30,000	Taiwan Hopax Chemicals Manufacturing Co. Ltd.		18,045
	145,643	Taiwan Land Development Corp.		48,543
	11,548	Taiwan Line Tek Electronic		6,230
	46,150	Taiwan Mask Corp.		12,763
	49,544	Taiwan Navigation Co. Ltd.		20,507
	36,032	Taiwan Paiho Ltd.		108,477
	102,000	Taiwan PCB Techvest Co. Ltd.		98,828
	60,120	Taiwan Pulp & Paper Corp.(d)		20,131
	41,408	Taiwan Secom Co. Ltd.		116,574
	48,000	Taiwan Semiconductor Co. Ltd.		57,892
	50,010	Taiwan Shin Kong Security Co. Ltd.		62,100
	57,500	Taiwan Styrene Monomer(d)		28,881
	52,875	Taiwan Surface Mounting Technology Corp.		44,017
	123,469	Taiwan TEA Corp.		56,848
	71,000	Taiwan Union Technology Corp.		63,179
	10,322	Taiyen Biotech Co. Ltd.		8,737
	850,000	Teco Electric and Machinery Co. Ltd.		672,031
	16,000	Test Research, Inc.		22,621
	24,000	Test Rite International Co. Ltd.		14,547
	9,000	Thinking Electronic Industrial Co. Ltd.		13,506
	25,525	Thye Ming Industrial Co, Ltd.		23,425
	41,000	T-Mac Techvest PCB Co. Ltd.		13,348

Shares			Value
TAIWAN (continued)
	220,100	Ton Yi Industrial Corp.	$	105,775
	8,000	Tong Hsing Electronic Industries Ltd.		22,993
	28,834	Tong Yang Industry Co. Ltd.		43,940
	43,946	Tong-Tai Machine & Tool Co. Ltd.		32,837
	57,512	Topco Scientific Co. Ltd.		104,136
	50,049	Topoint Technology Co. Ltd.		33,518
	8,000	Toung Loong Textile Manufacturing Co.		21,307
	13,137	Transcend Information, Inc.		36,943
	10,000	Tripod Technology Corp.		18,324
	7,988	Tsann Kuen Enterprise Co. Ltd.		5,709
	36,942	TSRC Corp.		32,529
	15,000	Ttet Union Corp.		36,741
	116,315	Tung Ho Steel Enterprise Corp.		74,651
	136,000	Tung Thih Electronic Co. Ltd.		2,433,014
	91,815	TXC Corp.		117,000
	37,000	TYC Brother Industrial Co. Ltd.		29,081
	88,303	Tycoons Group Enterprise(d)		10,595
	42,458	Tyntek Corp.		16,784
	22,000	U-Ming Marine Transport Corp.		17,803
	394,686	Union Bank of Taiwan		110,502
	32,762	Union Insurance Co. Ltd.		13,053
	258,037	Unitech Printed Circuit Board Corp.		89,605
	16,000	United Integrated Services Co. Ltd.		22,572
	269,433	Universal Cement Corp.		172,505
	103,922	UPC Technology Corp.		28,097
	62,337	USI Corp.		24,739
	77,000	Vanguard International Semiconductor Corp.		118,056
	39,800	Ve Wong Corp.		26,531
	14,000	Visual Photonics Epitaxy Co. Ltd.		21,617
	174,000	Voltronic Power Technology Corp.		2,745,977
	1,287	Wafer Works Corp.(d)		388
	69,000	Wah Lee Industrial Corp.		93,703
	680,000	Walsin Lihwa Corp.(d)		178,154
	172,942	Walsin Technology Corp.		142,094
	110,000	Walton Advanced Engineering, Inc.		28,342
	110,300	Wan Hai Lines Ltd.		60,702
	32,000	Wei Chuan Foods Corp.(d)		19,794
	30,100	Weikeng Industrial Co. Ltd.		18,478
	28,006	Win Semiconductors Corp.		52,968
	600,977	Winbond Electronics Corp.(d)		156,146
	44,673	Wintek Corp.(b)(c)(d)		475
	94,297	Wisdom Marine Lines Co. Ltd.		109,345
	468,319	Wistron Corp.		277,335
	32,850	Wistron NeWeb Corp.		85,555
	128,865	WPG Holdings Co. Ltd.		137,843
	60,120	WT Microelectronics Co. Ltd.		72,417
	17,000	WUS Printed Circuit Co. Ltd.		13,599

Shares			Value
TAIWAN (continued)
	10,204	Xxentria Technology Materials Corp.	$	27,619
	175,786	Yageo Corp.		286,682
	520,600	Yang Ming Marine Transport Corp.(d)		137,684
	43,868	YC Co. Ltd.		18,702
	70,077	YC INOX Co. Ltd.		52,580
	162,624	YFY, Inc.		50,673
	31,348	Yi Jinn Industrial Co. Ltd.		11,517
	143,321	Yieh Phui Enterprise Co. Ltd.		36,393
	11,110	Youngtek Electronics Corp.		15,604
	155,000	Yulon Motor Co. Ltd.		136,483
	14,000	Yung Chi Paint & Varnish Manufacturing Co. Ltd.		31,209
	28,350	YungShin Global Holding Corp.		42,279
	64,000	Yungtay Engineering Co. Ltd.		92,866
	7,000	Zeng Hsing Industrial Co. Ltd.		31,578
	27,000	Zenitron Corp.		15,320
	42,000	Zhen Ding Technology Holding Ltd.		88,420
	72,826	Zig Sheng Industrial Co. Ltd.		19,328
	26,169	Zinwell Corp.		38,256
	4,000	Zippy Technology Corp.		5,097
				37,735,425
THAILAND — 0.2%
	84,800	Amata Corp. Public Co. Ltd. - FOR		28,890
	171,100	Ananda Development Public Co. Ltd. - FOR		17,830
	463,768	AP Thailand Public Co. Ltd. - FOR		79,662
	237,900	Asia Plus Group Holdings Securities Plc		22,884
	146,200	Bangchak Petroleum Public Co. Ltd. (The) - FOR		129,751
	8,125	Bangkok Aviation Fuel Services Public Co. Ltd. - FOR		8,316
	7,944,250	Bangkok Chain Hospital Public Co. Ltd. - FOR		2,342,564
	251,006	Bangkok Expressway & Metro Public Co. Ltd. - FOR(d)		42,757
	26,500	Bangkok Insurance Public Co. Ltd. - FOR(b)		270,083
	1,178,400	Bangkok Land Public Co. Ltd. - FOR		51,279
	152,800	Banpu Public Co. Ltd. - FOR		55,993
	11,800	BEC World Public Co. Ltd. - FOR		8,783
	55,800	Berli Jucker Public Co. Ltd. - FOR		59,906
	564,708	Cal-Comp Electronics Thailand Public Co. Ltd. - FOR		48,824
	93,900	Central Plaza Hotel Public Co. Ltd. - FOR		103,497
	48,222	CH Karnchang Public Co. Ltd. - FOR		34,858

Shares			Value
THAILAND (continued)
	29,800	Charoong Thai Wire & Cable Public Co. Ltd. - FOR	$	7,252
	38,400	Delta Electronics Thailand Public Co. Ltd. - FOR		81,351
	13,400	Dhipaya Insurance Public Co. Ltd. - FOR		14,289
	376,500	Dynasty Ceramic Public Co. Ltd.		46,348
	7,839,000	Eastern Water Resources Development and Management Public Co. Ltd. - FOR(c)		2,827,695
	10,000	Electricity Generating Public Co. Ltd. - FOR		50,816
	166,300	Erawan Group Public Co. Ltd. (The) - FOR		20,853
	427,600	Esso Thailand Public Co. Ltd. - FOR		63,044
	1,210,200	G J Steel Public Co. Ltd. - FOR		8,662
	72,000	GFPT Public Co. Ltd. - FOR		26,178
	256,400	Grand Canal Land Public Co. Ltd. - FOR		19,966
	46,500	Hana Microelectronics Public Co. Ltd. - FOR		44,264
	449,640	Home Product Center Public Co. Ltd. - FOR		103,624
	63,100	ICC International Public Co. Ltd. - FOR		68,194
	734,300	IRPC Public Co. Ltd. - FOR		107,212
	314,991	Italian-Thai Development Public Co. Ltd. - FOR		64,026
	647,400	Jasmine International Public Co. Ltd		80,809
	17,500	KCE Electronics Public Co. Ltd. - FOR		39,329
	178,900	KGI Securities Thailand Public Co. Ltd. - FOR		16,492
	316,866	Khon Kaen Sugar Industry Public Co. Ltd.		36,830
	61,300	Kiatnakin Bank Public Co. Ltd. - FOR		72,830
	16,100	Krungthai Card Public Co. Ltd. - FOR		42,520
	59,000	Land and Houses Public Co. Ltd. - FOR		14,526
	90,560	Land and Houses Public Co. Ltd. - NVDR		22,685
	21,900	Lanna Resources Public Co. Ltd. - FOR		5,611
	90,330	Loxley Public Co. Ltd. - FOR		6,310
	104,200	LPN Development Public Co. Ltd. - FOR		41,764
	51,900	Major Cineplex Group Public Co. Ltd. - FOR		46,804
	30,600	Maybank Kim Eng Securities Thailand Public Co. Ltd. - FOR		19,623
	369,000	MBK Public Co. Ltd. - FOR		153,178

Shares			Value
THAILAND (continued)
	3,100	Muang Thai Insurance Public Co. Ltd. - FOR	$	12,602
	105,900	Polyplex Public Co. Ltd. - FOR		21,980
	181,050	Precious Shipping Public Co. Ltd. - FOR		35,246
	40,700	Pruksa Real Estate Public Co. Ltd. - FOR		30,004
	939,331	Quality Houses Public Co. Ltd. - FOR		59,700
	26,700	Ratchaburi Electricity Generating Holding Public Co. Ltd. - FOR		38,601
	34,100	Regional Container Lines Public Co. Ltd. - FOR		6,199
	38,000	Robinson Department Store Public Co. Ltd. - FOR		56,026
	69,300	Saha-Union Public Co. Ltd. - FOR		72,911
	54,300	Samart Corp. Public Co. Ltd. - FOR		24,873
	35,700	Samart Telcoms Public Co. Ltd. - FOR		14,104
	1,663,000	Sansiri Public Co. Ltd. - FOR		73,319
	526,176	SC Asset Corp. Public Co. Ltd. - FOR		45,492
	10,800	Siam City Cement Public Co. Ltd. - FOR		100,177
	56,041	Siam Future Development Public Co. Ltd. - FOR		9,546
	51,479	Siam Global House Public Co. Ltd - FOR		16,359
	165,200	Siamgas & Petrochemicals Public Co. Ltd. - FOR		57,226
	39,200	Sino-Thai Engineering & Construction Public Co. Ltd. - FOR		25,699
	92,817	Somboon Advance Technology Public Co. Ltd. - FOR		37,733
	56,200	SPCG Public Co. Ltd.		33,627
	81,900	Sri Trang Agro-Industry Public Co. Ltd. - FOR		30,246
	364,000	Srithai Superware Public Co. Ltd. - FOR		21,884
	141,350	STP & I Public Co. Ltd. - FOR		43,299
	165,400	Supalai Public Co. Ltd. - FOR		97,071
	1,330,700	Tata Steel Thailand Public Co. Ltd. - FOR		30,477
	4,380	Thai Agro Energy		394
	410,100	Thai Airways International Public Co. Ltd. - FOR		170,239
	22,200	Thai Carbon Black Public Co. Ltd. - FOR(d)		13,792
	15,000	Thai Central Chemical Public Co. Ltd. - FOR		10,177
	18,200	Thai Stanley Electric Public Co. Ltd. - FOR		89,098
	55,000	Thai Vegetable Oil Public Co. Ltd. - FOR		40,545

Shares			Value
THAILAND (continued)
	67,100	Thaicom Public Co. Ltd. - FOR	$	55,228
	159,600	Thanachart Capital Public Co. Ltd. - FOR		158,778
	17,300	Thitikorn Public Co. Ltd. - FOR		4,779
	104,284	Thoresen Thai Agencies Public Co. Ltd. - FOR		27,615
	6,566,082	Ticon Industrial Connection Public Co. Ltd. - FOR(c)		2,669,292
	80,900	Tisco Financial Group Public Co. Ltd. - FOR		100,749
	1,159,600	TPI Polene Public Co. Ltd. - FOR		82,995
	27,100	TTCL Public Co. Ltd.		12,181
	33,400	TTW Public Co. Ltd. - FOR		9,849
	34,800	Unique Engineering & Construction Public Co. Ltd. - FOR		17,734
	69,000	Vanachai Group Public Co. Ltd. - FOR		25,877
	270,200	Vibhavadi Medical Center Public Co. Ltd. - FOR		22,123
	223,000	Vinythai Public Co. Ltd. - FOR		68,311
				12,033,119
TURKEY — 0.1%
	5,489	Adana Cimento Sanayii T.A.S. - Class A		15,026
	8,195	Akcansa Cimento AS		42,353
	0	Akenerji Elektrik Uretim AS - Placement Shares(d)		0
	0	Akmerkez Gayrimenkul Yatirim Ortakligi AS REIT		2
	22,383	Aksa Akrilik Kimya Sanayii AS		77,996
	47,331	Aksigorta AS(d)		33,832
	1	Alarko Holding AS		1
	43,803	Albaraka Turk Katilim Bankasi AS		24,735
	31,268	Anadolu Anonim Turk Sigorta Sirketi(d)		19,668
	1	Anadolu Cam Sanayii AS(d)		1
	7,345	Anadolu Hayat Emeklilik AS		15,043
	24,170	Arcelik AS		162,313
	3,111	Aselsan Elektronik Sanayi Ve Ticaret AS		22,193
	302,203	Asya Katilim Bankasi AS(d)		77,765
	1	Aygaz AS		4
	1	Baticim Bati Anadolu Cimento Sanayii AS		2
	0	Bolu Cimento Sanayii AS		0
	12,360	Borusan Mannesmann Boru Sanayi ve Ticaret AS		30,878
	5,586	Boyner Perakende Ve Tekstil Yatirimlari AS(d)		161,711
	9,168	Brisa Bridgestone Sabanci Sanayi ve Ticaret AS		27,262
	0	Celebi Hava Servisi AS		4
	9,101	Cimsa Cimento Sanayi VE Ticaret AS		52,986

Shares			Value
TURKEY (continued)
	11,012	Deva Holding AS(d)	$	14,680
	0	Dogan Sirketler Grubu Holding AS(d)		0
	20,278	Dogus Otomotiv Servis ve Ticaret AS		87,548
	7,481	Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT		8,048
	1	Eregli Demir ve Celik Fabrikalari TAS		1
	1,019	Ford Otomotiv Sanayi AS		13,693
	1	Gentas Genel Metal Sanayi ve Ticaret AS		0
	42,374	Global Yatirim Holding AS(d)		26,503
	1,044	Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS		32,089
	1,254	Goodyear Lastikleri TAS		61,266
	1	Gozde Girisim Sermayesi Yatirim Ortakligi AS(d)		1
	64,549	GSD Holding AS		28,837
	20,444	Gubre Fabrikalari TAS		41,794
	1	Hurriyet Gazetecilik ve Matbaacilik AS(d)		0
	0	IS Finansal Kiralama AS		0
	1	IS Yatirim Menkul Degerler AS		0
	25,002	Izmir Demir Celik Sanayi AS(d)		21,446
	30,850	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS - Class A		18,523
	0	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS - Class B		0
	41,670	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS - Class D		22,041
	23,593	Karsan Otomotiv Sanayii Ve Ticaret AS(d)		11,046
	125	Kartonsan Karton Sanayi ve Ticaret AS(d)		11,993
	118	Konya Cimento Sanayii AS		13,664
	5,811	Koza Altin Isletmeleri AS		38,006
	4,718	Mardin Cimento Sanayii ve Ticaret AS		7,891
	0	Menderes Tekstil Sanayi ve Ticaret AS(d)		0
	13,216	Metro Ticari ve Mali Yatirimlar Holding AS(d)		3,023
	5,288	Migros Ticaret AS(d)		36,948
	0	NET Holding AS(d)		0
	4,289	Netas Telekomunikasyon AS(d)		16,264
	1,061	Otokar Otomotiv Ve Savunma Sanayi AS		41,029
	59,936	Petkim Petrokimya Holding AS(d)		88,041
	5,159	Pinar SUT Mamulleri Sanayii AS		31,326
	38,573	Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS		49,216
	93,519	Sekerbank TAS(d)		53,143

Shares			Value
TURKEY (continued)
	68,959	Selcuk Ecza Deposu Ticaret ve Sanayi AS	$	67,283
	16,213	Soda Sanayii AS		27,292
	24,515	TAV Havalimanlari Holding AS		142,902
	14,398	Tofas Turk Otomobil Fabrikasi AS		113,929
	54,502	Trakya Cam Sanayii AS		41,685
	0	Turcas Petrol AS		0
	89,407	Turk Hava Yollari AO(d)		220,481
	1,453	Turk Traktor ve Ziraat Makineleri AS		43,050
	1	Turkiye Sinai Kalkinma Bankasi AS		0
	133,273	Turkiye Sise ve Cam Fabrikalari AS		186,239
	43,081	Turkiye Vakiflar Bankasi TAO		76,062
	14,505	Ulker Biskuvi Sanayi AS		115,500
	10,576	Vestel Elektonik Sanayi ve Ticaret AS(d)		27,365
	1	Zorlu Enerji Elektrik Uretim AS(d)		0
				2,603,623
UKRAINE — 0.0%
	11,788	Kernel Holding SA		158,895
UNITED ARAB EMIRATES — 0.0%
	686,971	Gulf Marine Services Plc		491,848
	64,871	Lamprell Plc(d)		82,227
				574,075
UNITED KINGDOM — 4.6%
	1,160	4imprint Group Plc		22,322
	16,302	A.G. Barr Plc		133,271
	243,041	Aberdeen Asset Management Plc		1,060,745
	27,684	Acacia Mining Plc		142,305
	25,242	Admiral Group Plc		684,908
	129,757	Afren Plc(c)(d)		40
	6,006	Aggreko Plc		95,392
	64,414	Amec Foster Wheeler Plc		464,853
	1,031	Anglo-Eastern Plantations Plc		7,615
	47,156	Ashmore Group Plc		211,599
	136,120	Ashtead Group Plc		1,804,949
	57,144	Assura Plc		47,301
	5,635	Avon Rubber Plc		61,093
	112,769	Babcock International Group Plc		1,561,224
	138,254	Balfour Beatty Plc(d)		481,997
	269,101	Barratt Developments Plc		2,093,781
	284,785	BBA Aviation Plc		833,062
	212,875	Beazley PLC		1,013,690
	52,442	Bellway Plc		1,875,036
	47,274	Berendsen Plc		815,081
	57,955	Berkeley Group Holdings Plc		2,536,203
	5,818	Big Yellow Group Plc REIT		68,518
	9,080	Bloomsbury Publishing Plc		20,597

Shares			Value
UNITED KINGDOM (continued)
	638,270	Bodycote Plc	$	5,558,364
	91,726	Booker Group Plc		217,122
	2,938	Boot (Henry) Plc		8,747
	36,479	Bovis Homes Group Plc		464,789
	5,675	Braemar Shipping Services Plc		37,314
	1,304,657	Brammer Plc		3,326,504
	42,050	Brewin Dolphin Holdings Plc		168,350
	3,999	British Polythene Industries Plc		40,902
	34,518	Britvic Plc		355,070
	3,588	BTG Plc(d)		31,036
	2,195	Bunzl Plc		65,396
	40,604	Burberry Group Plc		705,419
	35,124	Capital & Counties Properties Plc		181,422
	60,849	Capital & Regional Plc		56,680
	221,512	Carillion Plc		951,570
	75,668	Chemring Group Plc		158,105
	54,990	Chesnara Plc		245,466
	67,997	Cineworld Group Plc		514,655
	2,013	Clarkson Plc		70,268
	55,392	Close Brothers Group Plc		980,948
	98,122	CNH Industrial NV		752,780
	186,705	Cobham Plc		420,120
	27,870	Communisis Plc		17,307
	27,792	Computacenter Plc		339,486
	7,150	Concentric AB		81,023
	28,341	Connect Group Plc		64,083
	5,916	Consort Medical Plc		85,405
	8,781	Costain Group Plc		40,320
	3,352	Countrywide PLC		17,407
	10,889	Cranswick Plc		356,714
	46,085	Crest Nicholson Holdings Plc		350,827
	4,000	Creston Plc		6,137
	456,346	Croda International Plc		20,077,114
	23,730	Daily Mail & General Trust Plc - Class A		242,019
	42,282	Dairy Crest Group Plc		349,060
	25,624	Darty Plc		62,994
	4,483	De La Rue Plc		31,736
	466,259	Debenhams Plc		534,121
	8,007	Dechra Pharmaceuticals Plc		129,396
	6,032	Derwent London Plc REIT		289,441
	62,073	Devro Plc		253,275
	34,544	Dialog Semiconductor Plc(d)		1,200,093
	4,728	Dignity Plc		168,564
	907,235	Diploma Plc(c)		9,696,844
	598,985	Direct Line Insurance Group Plc		3,167,385
	119,908	Dixons Carphone Plc		744,968
	42,149	Domino’s Pizza Group Plc		565,669
	44,934	Drax Group Plc		209,835
	188,197	DS Smith Plc		1,048,518
	6,273	Dunelm Group Plc		80,980
	25,606	E2V Technologies Plc		79,693
	180,493	Electrocomponents Plc		680,946
	1,966,162	Elementis Plc		6,202,521

Shares			Value
UNITED KINGDOM (continued)
	188,369	Enterprise Inns Plc(d)	$	238,767
	19,328	Essentra Plc		229,319
	26,527	Esure Group PLC		104,031
	8,918	Euromoney Institutional Investor Plc		125,484
	41,143	Fenner Plc		86,267
	7,847	Fidessa Group Plc		273,915
	270,241	Firstgroup Plc(d)		394,272
	2,969	Foxtons Group Plc		6,269
	3,248	Fuller Smith & Turner Plc - Class A		49,357
	112,080	G4S Plc		308,536
	23,516	Galliford Try Plc		438,440
	5,545	Games Workshop Group Plc		38,120
	30,949	Gem Diamonds Ltd.		61,275
	16,644	Genus Plc		364,792
	358,181	GKN Plc		1,458,599
	5,199	Go-Ahead Group Plc		194,851
	14,382	Great Portland Estates Plc REIT		159,289
	1,272,327	Greene King Plc		15,207,168
	30,359	Greggs Plc		458,231
	52,704	Halfords Group Plc		325,054
	940,357	Halma Plc		12,256,145
	48,150	Hammerson Plc REIT		411,223
	35,661	Hansteen Holdings Plc REIT		54,086
	48,772	Hargreaves Lansdown Plc		916,448
	162,908	Hays Plc		304,921
	7,436	Headlam Group Plc		52,153
	45,677	Helical Bar Plc		256,119
	228,310	Henderson Group Plc		852,672
	29,542	Hikma Pharmaceuticals Plc		951,366
	28,944	Hill & Smith Holdings Plc		394,793
	337	Hilton Food Group Plc		2,772
	5,026	Hogg Robinson Group Plc		5,030
	429,996	Home Retail Group Plc		1,071,864
	106,742	HomeServe Plc		646,014
	137,108	Howden Joinery Group Plc		989,660
	38,644	Hunting Plc		206,944
	123,567	ICAP Plc		845,879
	57,706	IG Group Holdings Plc		651,774
	26,778	Imagination Technologies Group Plc(d)		60,940
	22,425	IMI Plc		306,366
	111,351	Inchcape Plc		1,102,300
	113,029	Informa Plc		1,080,926
	60,633	Inmarsat Plc		823,483
	1,585,558	Interserve Plc		9,899,456
	41,164	Intertek Group Plc		1,958,987
	65,846	Intu Properties Plc REIT		292,771
	42,317	IP Group Plc(d)		106,289
	57,573	ITE Group Plc		130,601
	8,969	Ithaca Energy, Inc.(d)		5,862
	25,597	J D Wetherspoon Plc		247,970
	531,895	J Sainsbury Plc		2,245,276
	12,426	James Fisher & Sons Plc		256,912

Shares			Value
UNITED KINGDOM (continued)
	27,095	Jardine Lloyd Thompson Group Plc	$	343,245
	20,600	JD Sports Fashion Plc		375,946
	12,709	John Menzies Plc		92,524
	205,284	John Wood Group Plc		1,873,199
	45,041	Johnson Matthey PLC		1,899,989
	953	Johnston Press Plc(d)		571
	49,926	Jupiter Fund Management Plc		307,045
	134,990	Kcom Group Plc		204,145
	32,608	Keller Group Plc		420,947
	14,590	Kier Group Plc		253,687
	84,172	Ladbrokes Plc		144,142
	1,916,721	Laird Plc(c)		9,757,383
	33,904	Lancashire Holdings Ltd.		272,217
	35,863	Lavendon Group Plc		72,838
	20,610	Londonmetric Property Plc REIT		47,731
	114,900	Lookers Plc		233,530
	5,374	Low & Bonar Plc		4,868
	6,395	LSL Property Services Plc		27,565
	545,879	Man Strategic Holdings Plc(d)		1,177,278
	29,565	Marshalls Plc		138,755
	166,779	Marston’s Plc		350,182
	247,356	McBride PLC(b)(c)(d)		361
	20,613	McBride Plc		46,835
	9,060	McColl’s Retail Group Plc		21,181
	18,776	Mears Group Plc		109,327
	270,937	Meggitt Plc		1,625,883
	67,373	Melrose Industries PLC		367,485
	30,998	Merlin Entertainments Plc		195,439
	31,505	Michael Page International Plc		187,127
	7,044	Micro Focus International Plc		157,370
	46,577	Millennium & Copthorne Hotels Plc		313,467
	67,961	Mitchells & Butlers Plc		266,823
	134,023	Mitie Group Plc		531,282
	112,692	Moneysupermarket.com Group Plc		516,869
	73,299	Morgan Advanced Materials Plc		252,652
	14,135	Morgan Sindall Group Plc		165,950
	18,180	Mothercare Plc(d)		32,341
	28,165	N Brown Group Plc		110,497
	204,239	National Express Group Plc		968,687
	3,594	NCC Group Plc		13,774
	69,409	Northgate Plc		409,016
	23,821	Novae Group Plc		279,494
	691	Onesavings Bank PLC		2,895
	302,665	Oxford Instruments Plc(c)		2,903,309
	5,048	PayPoint Plc		62,179
	508,505	Pendragon Plc		252,622
	20,546	Pennon Group Plc		243,770
	68,756	Persimmon Plc		1,996,203
	37,039	Petrofac Ltd.		457,312
	36,290	Photo-Me International Plc		88,685
	29,505	Playtech Plc		346,831
	3,200	Poundland Group PLC WI		8,042

Shares			Value
UNITED KINGDOM (continued)
	7,546	Premier Farnell Plc	$	13,369
	319,105	Premier Foods Plc(d)		181,842
	17,849	Provident Financial Plc		759,976
	70,653	PZ Cussons Plc		332,313
	179,176	QinetiQ Group Plc		585,655
	19,115	Rank Group Plc		67,311
	67,866	Redrow Plc		379,793
	8,153	Renishaw Plc		225,867
	51,233	Renold Plc(d)		31,441
	195,018	Rentokil Initial Plc		501,800
	31,220	Restaurant Group Plc (The)		125,493
	503,230	Rexam Plc		4,595,606
	7,870	Ricardo Plc		93,374
	13,079	Rightmove Plc		737,281
	17,462	Robert Walters Plc		84,964
	2,694,658	Rotork Plc		7,362,775
	173,243	Royal Mail Plc		1,232,514
	65,943	RPC Group Plc		702,895
	124,524	RPS Group Plc		317,501
	192,274	RSA Insurance Group Plc		1,289,805
	13,220	Safestore Holdings Plc REIT		65,406
	3	Sage Group Plc (The)		26
	22,285	Savills Plc		241,609
	21,495	SDL Plc		127,358
	54,709	Seadrill Ltd.(d)		265,397
	33,651	Seadrill Ltd.		160,852
	55,352	Segro Plc REIT		337,827
	159,868	Senior Plc		508,296
	76,015	Severfield Plc		58,034
	19,927	Severn Trent Plc		648,423
	19,812	Shaftesbury Plc REIT		263,430
	131,875	Shanks Group Plc		154,634
	172,927	SIG Plc		342,372
	9,250	Skyepharma Plc(d)		63,456
	137,030	Smiths Group Plc		2,218,461
	46,937	Soco International Plc		101,330
	214,668	Spectris Plc		5,711,807
	183,962	Speedy Hire Plc		98,783
	306,651	Spirax-Sarco Engineering Plc		15,301,408
	129,217	Spirent Communications Plc		148,213
	15,991	Sportech Plc(d)		15,187
	38,490	Sports Direct International Plc(d)		216,636
	19,974	St. Ives Plc		32,760
	82,064	St. James’s Place Plc		1,039,604
	54,495	St. Modwen Properties Plc		243,973
	51,017	Stagecoach Group Plc		191,950
	4,505	Stallergenes Greer Plc(d)		137,319
	32,001	Sthree Plc		158,979
	7,112	Stobart Group Ltd.		10,703
	3,783	Stock Spirits Group Plc		8,913
	3,594	Stolt-Nielsen Ltd.		47,537
	56,188	Subsea 7 SA(d)		517,090
	8,341	SuperGroup Plc		148,566
	54,149	Synthomer Plc		275,338
	90,072	Talktalk Telecom Group Plc		351,923

Shares			Value
UNITED KINGDOM (continued)
	93,409	Tate & Lyle Plc	$	802,532
	826,520	Taylor Wimpey Plc		2,225,743
	5,162	Ted Baker Plc		179,888
	9,195	Telecom Plus Plc		125,083
	94,379	Thomas Cook Group Plc(d)		121,699
	3,226	Topps Tiles Plc		6,411
	63,929	Travis Perkins Plc		1,726,220
	16,317	Trifast Plc		32,335
	129,631	Trinity Mirror Plc		214,034
	43,591	TT electronics Plc		98,724
	95,743	Tullett Prebon Plc		473,826
	26,201	U & I Group Plc		76,089
	68,821	UBM Plc		572,176
	259,268	Ultra Electronics Holdings Plc		6,690,151
	12,156	UNITE Group Plc (The)		112,343
	81,811	Vectura Group Plc(d)		205,606
	162,796	Vesuvius Plc		764,277
	417,662	Victrex Plc		8,543,765
	11,826	Vitec Group Plc (The)		94,433
	1,370	VP Plc		14,413
	14,613	Weir Group Plc (The)		256,222
	28,154	WH Smith Plc		689,051
	244,679	William Hill Plc		1,117,946
	15,003	Wilmington Plc		56,065
	12,913	Wincanton Plc(d)		31,698
	4,308	Wireless Group PLC		11,393
	548,984	WM Morrison Supermarkets Plc		1,532,910
	11,514	Workspace Group Plc REIT		140,478
	9,736	WS Atkins Plc		189,488
	12,348	Xaar Plc		87,505
	77,049	Xchanging Plc(d)		212,777
	827	Zeal Network SE		38,309
				246,640,788
UNITED STATES — 47.6%
	45,000	Abaxis, Inc.		2,039,400
	215,000	Aceto Corp.		4,822,450
	450,000	Actuant Corp. - Class A		12,019,500
	523,587	Advance Auto Parts, Inc.		81,731,931
	60,790	Alacer Gold Corp.(d)		164,729
	680,000	ANSYS, Inc.(d)		61,723,600
	31,200	Argonaut Gold, Inc.(d)		73,108
	250,000	B&G Foods, Inc.		10,302,500
	9,026	Bizlink Holding, Inc.		51,492
	270,000	Blackbaud, Inc.		16,677,900
	128,754	Boart Longyear Ltd.(d)		9,202
	65,000	Boston Beer Co., Inc. (The) - Class A(d)		10,145,200
	539,000	Brady Corp. - Class A(c)		14,278,110
	260,000	Bryn Mawr Bank Corp.(c)		7,389,200
	60,000	Buffalo Wild Wings, Inc.(d)		8,019,600
	391,725	Cable & Wireless Communications Plc		421,265
	200,000	Cantel Medical Corp.		13,398,000
	465,000	Cardiovascular Systems, Inc.(d)		6,500,700
	510,000	Cepheid, Inc.(d)		14,555,400

Shares			Value
UNITED STATES (continued)
	400,000	CLARCOR, Inc.	$	23,508,000
	275,000	Community Bank System, Inc.		10,881,750
	182,200	CommVault Systems, Inc.(d)		7,974,894
	300,000	CONMED Corp.		12,426,000
	485,000	Cooper Cos., Inc. (The)		74,243,800
	2,524,400	CoreLogic, Inc.(c)(d)		89,565,712
	460,000	CR Bard, Inc.		97,598,200
	400,000	CST Brands, Inc.		15,108,000
	725,000	CVB Financial Corp.		12,455,500
	936,234	Dun & Bradstreet Corp. (The)(c)		103,369,596
	350,000	El Pollo Loco Holdings, Inc.(d)		4,616,500
	250,000	Envestnet Inc(d)		7,845,000
	25,000	Esterline Technologies Corp.(d)		1,716,500
	550,000	Financial Engines, Inc.		17,715,500
	341,700	First Financial Bankshares, Inc.(c)		11,064,246
	965,000	Flowserve Corp.		47,101,650
	700,000	Forum Energy Technologies, Inc.(d)		11,718,000
	75,000	German American Bancorp, Inc.(c)		2,417,250
	375,000	Globus Medical, Inc. - Class A(d)		9,390,000
	145,000	Gorman-Rupp Co. (The)(c)		4,102,050
	250,000	Guidewire Software, Inc.(d)		14,242,500
	125,000	Halyard Health, Inc.(d)		3,520,000
	175,000	HB Fuller Co.		7,826,000
	200,000	Hibbett Sports, Inc.(d)		7,220,000
	105,000	ICU Medical, Inc.(d)		10,430,700
	695,000	IDEX Corp.		56,920,500
	160,000	Independent Bank Corp.		7,524,800
	790,200	Ingredion, Inc.		90,944,118
	225,000	Innospec, Inc.		10,881,000
	300,000	Insulet Corp.(d)		9,990,000
	350,000	Integra LifeScience Holdings Corp.(d)		24,787,000
	680,000	JM Smucker Co. (The)		86,346,400
	125,000	John Bean Technologies Corp.		6,517,500
	415,000	John Wiley & Sons, Inc. - Class A(c)		20,579,850
	2,200,000	KAR Auction Services, Inc.(c)		82,720,000
	625,000	Laboratory Corp of America Holdings(d)		78,325,000
	80,000	Landstar System, Inc.		5,244,000
	335,000	LogMein, Inc.(d)		19,999,500
	250,000	Lydall, Inc.(c)(d)		9,197,500
	250,000	Masimo Corp.(d)		10,837,500
	300,000	Medidata Solutions, Inc.(d)		13,089,000
	350,000	Mentor Graphics Corp.		6,986,000
	677	Movie Gallery, Inc.(b)(c)(d)		0
	1,325,000	Nasdaq, Inc.		81,765,750
	100,000	Navigators Group, Inc. (The)(c)(d)		8,261,000
	35,000	NBT Bancorp, Inc.		991,900
	2,678,900	Newell Brands, Inc.		121,997,106
	15,265,712	Nexteer Automotive Group Ltd.		16,098,380

Shares			Value
UNITED STATES (continued)
	450,000	NIC, Inc.(c)	$	7,969,500
	275,000	NuVasive, Inc.(d)		14,558,500
	379,800	Omnicell, Inc.(c)(d)		12,100,428
	544,200	Omnicom Group, Inc.		45,152,274
	0	Ormat Technologies, Inc.		13
	3,184	Performance Sports Group Ltd.(d)		11,851
	79,100	Phibro Animal Health Corp. - Class A		1,640,534
	500,000	PROS Holdings, Inc.(c)(d)		5,880,000
	220,000	Prosperity Bancshares, Inc.		11,609,400
	300,000	QLIK Technologies, Inc.(d)		9,237,000
	600,000	Qualys, Inc.(d)		15,108,000
	110,000	Raven Industries, Inc.		1,769,900
	200,000	RBC Bearings, Inc.(c)(d)		14,660,000
	66,803	REC Silicon ASA(d)		14,685
	867,000	Rockwell Collins, Inc.		76,460,730
	11,854,500	Samsonite International SA(c)		38,282,719
	110,000	Sensient Technologies Corp.		7,397,500
	41,559	Sims Metal Management Ltd.		299,563
	440,000	Snap-on, Inc.		70,083,200
	500,000	Snyder’s-Lance, Inc.		15,985,000
	885,000	Spectrum Brands Holdings,
		Inc.(c)		100,536,000
	132,400	SPS Commerce, Inc.(d)		6,743,132
	125,000	Standex International Corp.(c)		9,586,250
	139,500	Stock Yards Bancorp, Inc.(c)		5,641,380
	48,925	Tahoe Resources, Inc.		690,963
	255,000	TreeHouse Foods, Inc.(d)		22,542,000
	775,000	TriMas Corp.(c)(d)		14,027,500
	365,000	UMB Financial Corp.		20,348,750
	680,000	Universal Health Services, Inc., Series B		90,902,400
	1,350,000	Vantiv, Inc. - Class A(d)		73,629,000
	225,000	Washington Trust Bancorp, Inc.(c)		8,241,750
	506,351	Waters Corp.(d)		65,906,646
	230,000	WEX, Inc.(d)		21,732,700
	1,100,000	Wolverine World Wide, Inc.		20,845,000
	285,000	Woodward, Inc.		15,449,849
	1,377,500	Wyndham Worldwide Corp.		97,733,625
				2,565,162,181
Total Common Stocks (Cost $3,768,977,558)				4,725,930,227
INVESTMENT COMPANY — 0.8%
	41,802,100	SEI Daily Income Trust Government II Fund, Class A, 0.01%(e)		41,802,100
Total Investment Company (Cost $41,802,100)				41,802,100
EXCHANGE TRADED FUNDS — 5.0%
	192,200	iShares Core S&P Small Cap ETF		21,895,424

Shares			Value
	952,300	iShares MSCI EAFE Small Cap Index Fund	$	47,986,397
	100,861	iShares MSCI Japan Small Cap Index Fund(c)		5,872,127
	55,000	SPDR Russell Nomura Small Cap Japan Fund(c)		2,914,175
	180,000	SPDR S&P Emerging Markets Small Cap Fund(c)		7,065,000
	860,000	SPDR S&P Oil & Gas Exploration & Production ETF		30,736,400
	868,200	SPDR S&P Regional Banking ETF		35,031,870
	584,870	Vanguard FTSE All World ex-US Small-Cap ETF(c)		56,264,494
	495,750	Vanguard Small-Cap ETF		56,247,795
	185,000	WisdomTree Emerging Markets Small Cap Dividend Fund		7,142,850
Total Exchange Traded Funds (Cost $240,353,271)				271,156,532
RIGHTS/WARRANTS — 0.0%
Consumer Discretionary — 0.0%
	1,710	Centrebet Litigation Rights(b)(c)(d)		0
	1,710	Centrebet Litigation Units(b)(c)(d)		0
	35,000	Glorious Sun Enterprises Ltd. Rights, Expire 5/9/16(d)		271
	13,237	Polyplex Public Co. Ltd. Rights, Expire 5/27/16(c)(d)		322
				593
Consumer Staples — 0.0%
	2,392,000	China Billion Resources Ltd. Rights, Expire 5/16/16(d)		0
Energy — 0.0%
	76,400	Banpu Public Co. Ltd. Rights, Expire 5/31/16(c)(d)		34,121
	51	Companhia de Gas de Sao Paulo Comgas Rights(c)(d)		20
	40	Companhia de Transmissao de Energia Eletrica Paulista Rights, Expire 5/5/16(d)		132
	81,144	Ezion Holdings Ltd. Warrants, Expire 4/24/20(d)		9,654
	129,250	International Standard Resources Holdings Ltd. Rights, Expire 11/30/16(d)		933
	1,062	Shinsung Solar Energy Co. Ltd. Rights, Expire 5/9/16(c)(d)		489
				45,349
Health Care — 0.0%
	3	Addlife Rights, Expire 4/25/16(b)(d)		0
	9,812	Intercell Contigent Value Rights(b)(c)(d)		0


Shares			Value
Health Care (continued)
	201,026	KPJ Healthcare Berhad Warrants, Expire 1/23/19(d)		30,876
	9,600	Ligand Pharmaceuticals Contingent Value Rights(b)(d)		0
				30,876
Industrials — 0.0%
	428,722	Dialog Group Berhad Warrants, Expire 2/12/17(d)		42,252
	5,531	GS Global Corp. Rights, Expire 6/2/16(c)(d)		3,107
	236	Hanjin Kal Corp. Rights, Expire 6/9/16(c)(d)		788
				46,147
Information Technology — 0.0%
	1,101	Manz AG Rights, Expire 5/17/16(d)		1,198
Materials — 0.0%
	12,414	Usinas Siderurgicas de Minas Gerais S.A. Rights, 5/23/16(d)		289
Real Estate — 0.0%
	3,634	Cheuk Nang Holdings Ltd. Warrants, Expire 4/22/17(d)		656
Total Rights/Warrants (Cost $56,063)				125,108

Principal
Amount
U.S. GOVERNMENT AGENCIES — 5.5%
Federal Home Loan Bank — 5.5%
$	21,500,000	0.22%, 05/05/2016(f)		21,499,549
	12,000,000	0.23%, 05/16/2016(f)		11,998,836
	36,000,000	0.24%, 05/24/2016(f)		35,994,492
	1,000,000	0.25%, 05/04/2016(f)		999,986
	3,000,000	0.25%, 05/06/2016(f)		2,999,916
	8,000,000	0.25%, 05/10/2016(f)		7,999,552
	6,875,000	0.26%, 05/04/2016(f)		6,874,904
	12,000,000	0.26%, 05/06/2016(f)		11,999,664
	6,700,000	0.26%, 05/11/2016(f)		6,699,578
	4,000,000	0.27%, 05/18/2016(f)		3,999,556
	16,000,000	0.27%, 05/23/2016(f)		15,997,664
	20,000,000	0.27%, 06/03/2016(f)		19,994,940
	48,600,000	0.28%, 05/04/2016(f)		48,599,320
	30,000,000	0.29%, 05/09/2016(f)		29,998,530
	13,000,000	0.29%, 05/09/2016(f)		12,999,363
	10,600,000	0.29%, 06/22/2016(f)		10,595,718
	20,000,000	0.31%, 05/10/2016(f)		19,998,880
	10,000,000	0.31%, 05/13/2016(f)		9,999,240
	14,700,000	0.32%, 05/09/2016(f)		14,699,280

Principal
Amount
Federal Home Loan Bank (continued)
$	1,700,000	0.33%, 05/17/2016(f)	$	1,699,823
Total U.S. Government Agencies (Cost $295,648,307)				295,648,791

Shares
CASH SWEEP — 1.0%
	52,706,153	Citibank - US Dollars on Deposit in Custody Account, 0.02%(e)		52,706,153

Total Cash Sweep (Cost $52,706,153)				52,706,153
TOTAL INVESTMENTS — 99.9% (Cost $4,399,543,452)(a)				5,387,368,911
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.1%				4,297,750
NET ASSETS — 100.0%			$	5,391,666,661

(a)	Cost for federal income tax purposes is $4,404,828,143 and net unrealized appreciation of investments is as follows:


Unrealized appreciation	$	1,150,654,335
Unrealized depreciation		(168,113,567	)
Net unrealized appreciation	$	982,540,768


(b)	Level 3 fair valued security under procedures established by the Fund’s Board of Directors. The aggregate value of fair valued securities is $1,361,290, which is 0.03% of net assets and the cost is $9,535,365.
(c)	This security is considered either fully or partially illiquid. These securities, or portions thereof, have a value of $508,928,958 or 9.44% of net assets.
(d)	Non-income producing security.
(e)	The rate shown is the current yield as of April 30, 2016.
(f)	The rate represents the annualized yield at time of purchase.

BDR — Brazilian Depositary Receipt

CDI — CHESS Depositary Interests

CPO — Certificate of Participation-Common

CVR — Contingent Value Rights

DVR — Differential Voting Rights

FOR — Foreign Ownership Restrictions

NVDR — Non Voting Depositary Receipt

PDR — Phillippine Depositary Receipt

REIT — Real Estate Investment Trust

SDR — Swedish Depositary Receipt

VVPR — Voter Verified Paper Record

Portfolio diversification by Sector (Unaudited)

	Percentage
Sector	of Net Assets
Banks		3.1	%
Consumer Discretionary		14.5	%
Consumer Staples		9.1	%
Diversified Financials		2.9	%
Energy		1.1	%
Health Care		13.1	%
Industrials		21.2	%
Information Technology		11.5	%
Insurance		2.1	%
Materials		5.3	%
Real Estate		2.4	%
Telecommunication Services		0.4	%
Utilities		1.0	%
Other*		12.3	%
Total		100.0	%


*	Includes cash and equivalents, exchange traded funds, rights/warrants, U.S. government agencies, investment companies, pending trades and Fund share transactions, interest and dividends receivable, prepaids, and accrued expenses payable.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

	Actual Beginning Account Value 11/1/15		Actual Ending Account Value 04/30/16		Actual Expenses Paid During Period* 11/1/15-04/30/16		Actual Expense Ratio During Period 11/1/15-04/30/16**
Large Cap Core Fund	$	1,000.00	$	985.90		$4.92		0.99	%
Large Cap Strategies Fund		1,000.00		988.60		5.52		1.11	%
Small & Mid Cap Fund		1,000.00		1,006.80		5.57		1.11	%
Strategic Opportunities Fund		1,000.00		970.60		5.91		1.20	%
Fixed Income Fund		1,000.00		1,016.70		3.23		0.64	%
Municipal Bond Fund		1,000.00		1,020.20		2.98		0.59	%

	Hypothetical Beginning Account Value 11/1/15		Hypothetical Ending Account Value 04/30/16		Hypothetical Expenses Paid During Period* 11/1/15-04/30/16		Hypothetical Expense Ratio During Period 11/1/15-04/30/16**
Large Cap Core Fund		$1,000.00		$1,020.05		$5.00		0.99	%
Large Cap Strategies Fund		1,000.00		1,019.45		5.60		1.11	%
Small & Mid Cap Fund		1,000.00		1,019.45		5.60		1.11	%
Strategic Opportunities Fund		1,000.00		1,019.00		6.06		1.20	%
Fixed Income Fund		1,000.00		1,021.80		3.23		0.64	%
Municipal Bond Fund		1,000.00		1,022.05		2.98		0.59	%


Old Westbury Funds, Inc.
Large Cap Core Fund
Portfolio of Investments	*April 30, 2016*
	*(Unaudited)*


Old Westbury Funds, Inc.
Large Cap Core Fund
Portfolio of Investments - (Continued)	*April 30, 2016*
	*(Unaudited)*


Old Westbury Funds, Inc.
Large Cap Strategies Fund
Portfolio of Investments	*April 30, 2016*
	*(Unaudited)*

Disclosure of Fund Expenses		3
Portfolios of Investments:
Large Cap Core Fund		5
Large Cap Strategies Fund		7
Small & Mid Cap Fund		12
Strategic Opportunities Fund		16
Fixed Income Fund		71
Municipal Bond Fund		76
Statements of Assets and Liabilities		98
Statements of Operations		101
Statements of Changes in Net Assets		104
Financial Highlights:
Large Cap Core Fund		108
Large Cap Strategies Fund		109
Small & Mid Cap Fund		110
Strategic Opportunities Fund		111
Fixed Income Fund		112
Municipal Bond Fund		113
Notes To Financial Statements		114
Additional Information		143

Old Westbury Funds, Inc.
Disclosure of Fund Expenses
	*For the Period Ended April 30, 2016*

*	Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by 182/366 to reflect the one-half year period.
**	Expense ratios are annualized and reflect existing expense waivers/reimbursements.

Old Westbury Funds, Inc.
Disclosure of Fund Expenses - (Continued)
	*For the Period Ended April 30, 2016*


Old Westbury Funds, Inc.
Small & Mid Cap Fund
Condensed Portfolio of Investments	*April 30, 2016 (Unaudited)*


Old Westbury Funds, Inc.
Small & Mid Cap Fund
Condensed Portfolio of Investments - (Continued)	*April 30, 2016 (Unaudited)*

Old Westbury Funds, Inc.
Strategic Opportunities Fund
Consolidated Portfolio of Investments	*April 30, 2016*
	*(Unaudited)*

Old Westbury Funds, Inc.
Strategic Opportunities Fund
Consolidated Portfolio of Investments - (Continued)	*April 30, 2016*
	*(Unaudited)*

Old Westbury Funds, Inc.
Fixed Income Fund
Portfolio of Investments	*April 30, 2016*
	*(Unaudited)*

Shares			Value
INVESTMENT COMPANY — 0.6%
	3,381,915	SEI Daily Income Trust Government II Fund, Class A, 0.01%(e)		3,381,915
Total Investment Company (Cost $3,381,915)				3,381,915
TOTAL INVESTMENTS — 100.9% (Cost $604,182,893)(a)			$	612,516,423
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.9)%				(5,376,685	)
NET ASSETS — 100.0%			$	607,139,738


Old Westbury Funds, Inc.
Municipal Bond Fund
Portfolio of Investments	*April 30, 2016*
	*(Unaudited)*

Old Westbury Funds, Inc.
Statements of Assets and Liabilities
	*April 30, 2016 (Unaudited)*

	LARGE CAP CORE FUND				LARGE CAP STRATEGIES FUND			SMALL & MID CAP FUND
ASSETS:
Investments, at fair value		$	1,164,864,677			$	13,927,578,933		$	5,387,368,911
Foreign currency, at value (Cost $0, $412,738 and $4,891,763, respectively)			—				411,458			5,036,080
Cash			115				688			—
Due from brokers for collateral			—				28,340,000			6,710,000
Dividends and interest receivable			2,828,506				45,414,498			10,414,419
Receivable for Fund shares sold			1,208,667				7,141,197			3,528,422
Receivable for investments sold			20,758,545				16,414,141			3,837,893
Prepaid expenses			26,982				68,669			47,453
Total Assets			1,189,687,492				14,025,369,584			5,416,943,178
LIABILITIES:
Payable to brokers for collateral			—				—			600,000
Bank overdraft			—				—			3,987
Payable for Fund shares redeemed			195,329				11,215,014			3,918,854
Payable for investments purchased			14,810,408				31,683,073			6,007,581
Unrealized depreciation on forward foreign currency exchange contracts			—				42,216,794			9,403,382
Deferred tax liability payable (Note 9)			—				613,729			27,586
Accrued expenses and other payables:
Investment advisory			652,350				9,614,931			3,652,851
Administration			46,404				535,518			205,704
Shareholder servicing fee			196,275				2,364,030			902,295
Custody			25,665				363,218			287,455
Legal and Audit			22,564				237,218			116,479
Other			14,463				174,613			150,343
Total Liabilities			15,963,458				99,018,138			25,276,517
NET ASSETS		$	1,173,724,034			$	13,926,351,446		$	5,391,666,661
NET ASSETS consist of:
Capital paid-in		$	1,110,727,892			$	12,266,541,883		$	4,237,693,601
Accumulated undistributed (distributions in excess of) net investment income			2,416,366				40,057,699			(6,227,893	)
Accumulated undistributed net realized gain/ (loss) on investments and foreign currency transactions			(22,693,841	)			35,086,173			181,357,221
Net unrealized appreciation on investments and foreign currency transactions			83,273,617				1,584,665,691			978,843,732
NET ASSETS		$	1,173,724,034			$	13,926,351,446		$	5,391,666,661
Net Asset Value, maximum offering price and redemption price per share		$	13.40			$	12.56		$	15.14
Number of shares authorized			2,500,000,000				3,000,000,000			3,500,000,000
SHARES OF CAPITAL STOCK OUTSTANDING			87,593,865				1,109,091,920			356,025,085
INVESTMENTS, AT COST		$	1,081,638,012			$	12,300,547,384		$	4,399,543,452

	STRATEGIC OPPORTUNITIES FUND^a
ASSETS:
Investments, at fair value		$	6,914,310,736
Foreign currency, at value (Cost $433,020)			379,163
Cash			22,616
Segregated cash for futures contracts (Note 6)			24,784,289
Segregated cash for options written			57,543,720
Due from brokers for collateral			14,890,000
Structured option contracts, at value (premium received $6,973,896)			98,722,618
Dividends and interest receivable			12,148,926
Receivable for Fund shares sold			4,328,342
Receivable for investments sold			54,724,012
Unrealized appreciation on swap contracts			9,116,230
Unrealized appreciation on forward foreign currency exchange contracts			42,663,536
Variation margin			5,653,129
Prepaid expenses			49,234
Total Assets			7,239,336,551
LIABILITIES:
Payable to brokers for collateral			39,390,000
Securities sold short, at value (premium received $38,639,227)			42,906,700
Written option contracts, at value (premium received $4,913,089)			5,348,140
Structured option contracts, at value (premium received $361,084)			95,522,980
Payable for Fund shares redeemed			7,633,965
Payable for investments purchased			63,119,699
Unrealized depreciation on swap contracts			9,500,551
Unrealized depreciation on forward foreign currency exchange contracts			32,019,012
Deferred tax liability payable (Note 9)			160,818
Accrued expenses and other payables:
Investment advisory			5,336,818
Administration			269,790
Shareholder servicing fee			1,166,986
Custody			82,017
Legal and Audit			236,580
Other			162,688
Total Liabilities			302,856,744
NET ASSETS		$	6,936,479,807
NET ASSETS consist of:
Capital paid-in		$	7,109,717,225
Accumulated undistributed net investment income			23,009,178
Accumulated undistributed net realized loss on investments, securities sold short, futures contracts, swap contracts, written options and foreign currency transactions			(184,668,365	)
Net unrealized appreciation on investments, securities sold short, futures contracts, swap agreements, written options and foreign currency transactions			(11,578,231	)
NET ASSETS		$	6,936,479,807
Net Asset Value, maximum offering price and redemption price per share		$	7.18
Number of shares authorized			3,500,000,000
SHARES OF CAPITAL STOCK OUTSTANDING			965,884,656
INVESTMENTS, AT COST		$	6,926,035,762

	FIXED INCOME FUND				MUNICIPAL BOND FUND
ASSETS:
Investments, at fair value		$	612,516,423			$	1,621,701,709
Cash			64				41
Dividends and interest receivable			2,920,992				15,684,156
Receivable for Fund shares sold			397,162				1,757,775
Receivable for investments sold			2,157,225				—
Prepaid expenses			27,444				43,933
Total Assets			618,019,310				1,639,187,614
LIABILITIES:
Payable for Fund shares redeemed			126,115				119,849
Payable for investments purchased			10,418,494				84,023,046
Accrued expenses and other payables:
Investment advisory			223,932				521,259
Administration			24,588				60,093
Shareholder servicing fee			50,689				130,781
Custody			7,604				19,617
Legal and Audit			16,469				31,889
Other			11,681				26,123
Total Liabilities			10,879,572				84,932,657
NET ASSETS		$	607,139,738			$	1,554,254,957
NET ASSETS consist of:
Capital paid-in		$	605,151,091			$	1,505,937,564
Accumulated undistributed net investment income			171,134				1,879,763
Accumulated undistributed net realized gain/(loss) on investments			(6,516,017	)			4,808,913
Net unrealized appreciation on investments			8,333,530				41,628,717
NET ASSETS		$	607,139,738			$	1,554,254,957
Net Asset Value, maximum offering price and redemption price per share		$	11.31			$	12.15
Number of shares authorized			2,000,000,000				2,000,000,000
SHARES OF CAPITAL STOCK OUTSTANDING			53,692,934				127,903,642
INVESTMENTS, AT COST		$	604,182,893			$	1,580,072,992

Old Westbury Funds, Inc.
Statements of Operations
	*For the Period Ended April 30, 2016 (Unaudited)*

Old Westbury Funds, Inc.
Statements of Operations - (Continued)
	*For the Period Ended April 30, 2016 (Unaudited)*

	STRATEGIC OPPORTUNITIES FUND^a
INVESTMENT INCOME:
Interest		$	54,023,025
Dividends			39,020,502
Foreign tax withheld			(321,174	)
Total investment income			92,722,353
EXPENSES:
Investment advisory fees			34,385,288
Shareholder servicing fees			6,688,513
Administration and Accounting fees			1,551,470
Custodian fees			301,054
Directors fees and expenses			83,260
Insurance premiums			25,889
Interest expense			18,959
Legal and Audit fees			371,164
Printing and postage fees			34,163
Registration fees			83,368
Transfer agent fees			360,183
Miscellaneous expenses			173,774
Total expenses			44,077,085
Expenses waived by Adviser (Note 7)			(3,842,188	)
Net expenses			40,234,897
NET INVESTMENT INCOME			52,487,456
NET REALIZED AND CHANGE IN UNREALIZED GAIN/(LOSS) ON INVESTMENTS, SECURITIES SOLD SHORT, FUTURES CONTRACTS, SWAP AGREEMENTS, WRITTEN OPTIONS, FOREIGN CURRENCY TRANSACTIONS, NET OF FOREIGN TAXES:
Net realized gain/(loss) on:
Investments			(165,621,851	)
Futures contracts			(31,046,897	)
Swap agreements			(3,910,385	)
Written options and structured options			45,944,322
Foreign currency transactions			(23,546,763	)
Net change in unrealized appreciation/(depreciation) on:
Investments			35,184,842
Securities sold short			(4,267,473	)
Futures contracts			(4,376,087	)
Swap agreements			4,870,141
Written options and structured options			(95,004,348	)
Foreign currency transactions			15,274,078
Foreign deferred taxes on unrealized appreciation			(31,569	)
Net realized and change in unrealized gain/(loss) on investments, securities sold short, futures contracts, swap agreements, written options, foreign currency transactions, net of foreign taxes			(226,531,990	)
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS		$	(174,044,534	)

Old Westbury Funds, Inc.
Statements of Changes in Net Assets

	LARGE CAP CORE FUND
	FOR THE PERIOD ENDED APRIL 30, 2016				FOR THE YEAR ENDED OCTOBER 31, 2015
	(Unaudited)
FROM OPERATIONS:
Net investment income		$	5,284,606			$	11,616,965
Net realized gain (loss) on investments and foreign currency transactions			(22,636,221	)			12,939,455
Net change in unrealized appreciation (depreciation) on investments, foreign currency transactions, net of foreign deferred taxes			6,189,141				(47,525,792	)
Net increase (decrease) in net assets resulting from operations			(11,162,474	)			(22,969,372	)
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income			(12,767,618	)			(13,732,039	)
Capital gains			(13,076,789	)			(44,983,869	)
Net decrease in net assets from distributions			(25,844,407	)			(58,715,908	)
CAPITAL STOCK TRANSACTIONS (DOLLARS):
Proceeds from sale of capital stock			141,268,508				270,970,429
Reinvestment of distributions			13,209,958				28,093,739
Value of capital stock redeemed			(89,639,916	)			(100,859,768	)
Net increase (decrease) in net assets resulting from capital stock transactions			64,838,550				198,204,400
Net increase (decrease) in net assets			27,831,669				116,519,120
NET ASSETS:
Beginning of period			1,145,892,365				1,029,373,245
End of period		$	1,173,724,034			$	1,145,892,365
Undistributed (distributions in excess of) net investment income		$	2,416,366			$	9,899,378
CAPITAL SHARE TRANSACTIONS:
Shares sold			11,107,879				18,673,538
Shares issued as reinvestment of distributions			1,012,257				2,032,832
Shares redeemed			(6,873,322	)			(6,977,713	)
Net increase (decrease) in shares outstanding			5,246,814				13,728,657

Old Westbury Funds, Inc.
Statements of Changes in Net Assets - (Continued)

	STRATEGIC OPPORTUNITIES FUND
	FOR THE PERIOD ENDED APRIL 30, 2016^a				FOR THE YEAR ENDED OCTOBER 31, 2015^a
		(Unaudited)
FROM OPERATIONS:
Net investment income		$	52,487,456			$	75,866,802
Net realized gain (loss) on investments, securities sold short, swap agreements, futures contracts, written options, foreign capital gains tax and foreign currency transactions			(178,181,574	)			161,840,922
Net change in unrealized appreciation/(depreciation) on investments, securities sold short, futures contracts, written options, swap agreements, foreign currency transactions, net of foreign deferred taxes			(48,350,416	)			(215,432,223	)
Net increase/(decrease) in net assets resulting from operations			(174,044,534	)			22,275,501
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income			(105,784,964	)			(117,060,603	)
Capital gains			(128,054,530	)			(301,239,367	)
Net decrease in net assets from distributions			(233,839,494	)			(418,299,970	)
CAPITAL STOCK TRANSACTIONS (DOLLARS):
Proceeds from sale of capital stock			807,443,462				2,310,376,160
Reinvestment of distributions			112,339,998				145,499,270
Value of capital stock redeemed			(671,175,520	)			(562,647,104	)
Net increase in net assets resulting from capital stock transactions			248,607,940				1,893,228,326
Net increase/(decrease) in net assets			(159,276,088	)			1,497,203,857
NET ASSETS:
Beginning of period			7,095,755,895				5,598,552,038
End of period		$	6,936,479,807			$	7,095,755,895
Undistributed net investment income		$	23,009,178			$	76,306,686
CAPITAL SHARE TRANSACTIONS:
Shares sold			115,776,013				297,763,432
Shares issued as reinvestment of distributions			15,410,151				19,094,392
Shares redeemed			(92,272,450	)			(72,368,368	)
Net increase in shares outstanding			38,913,714				244,489,456

Old Westbury Funds, Inc.
Large Cap Core Fund
Financial Highlights

	SIX MONTHS
	ENDED
	APRIL 30, 2016				YEAR ENDED OCTOBER 31,
	(Unaudited)				2015			2014			2013			2012			2011
Net asset value, beginning of period		$	13.92		$	15.00		$	13.92		$	11.53		$	11.13		$	11.48

Investment operations:
Net investment income			0.06	^a		0.15	^a		0.21	^a		0.24	^a		0.19	^a		0.06	^a
Net realized and unrealized gains/(losses) on investments			(0.26	)		(0.41	)		1.08			2.38			0.25			(0.35	)
Total from investment operations			(0.20	)		(0.26	)		1.29			2.62			0.44			(0.29	)

Distributions:
Net investment income			(0.16	)		(0.19	)		(0.21	)		(0.23	)		(0.04	)		(0.06	)
Net realized gains			(0.16	)		(0.63	)		—			—			—			—
Total distributions			(0.32	)		(0.82	)		(0.21	)		(0.23	)		(0.04	)		(0.06	)
Net asset value, end of period		$	13.40		$	13.92		$	15.00		$	13.92		$	11.53		$	11.13
Total return			(1.4	)%^b		(1.7	)%		9.4	%		23.1	%		3.9	%		(2.6	)%

Annualized ratios/supplemental data:
Net assets at end of period (000’s)		$	1,173,724		$	1,145,892		$	1,029,373		$	835,858		$	569,710		$	511,286
Ratio of expenses to average net assets before expense waivers			0.99	%^c,d		1.01	%		1.04	%		1.06	%		1.07	%		1.00	%^d
Ratio of expenses to average net assets after expense waivers			0.99	%^c		1.00	%		1.00	%		1.00	%		1.00	%		1.00	%
Ratio of net investment income to average net assets			0.96	%^c		1.02	%		1.46	%		1.91	%		1.69	%		0.46	%
Portfolio turnover rate			21	%^b		43	%		43	%		63	%		86	%		72	%

^a	Calculated using the average shares method for the period.
^b	Not Annualized.
^c	Annualized.
^d	There were no voluntary fee reductions during the period.

	SIX MONTHS
	ENDED
	APRIL 30, 2016^a				YEAR ENDED OCTOBER 31,
	(Unaudited)				2015^a			2014			2013			2012			2011
Net asset value, beginning of period		$	7.65		$	8.20		$	8.24		$	7.51		$	7.23		$	7.99

Investment operations:
Net investment income			0.06	^b		0.09	^b		0.09	^b		0.15	^b		0.22	^b		0.32	^b
Net realized and unrealized gains/(losses) on investments, securities sold short, futures contracts, swap agreements, written options, foreign currency transactions and deferred taxes			(0.27	)		(0.02	)		0.36			0.76			0.41			(0.48	)
Total from investment operations			(0.21	)		0.07			0.45			0.91			0.63			(0.16	)

Distributions:
Net investment income			(0.12	)		(0.17	)		(0.27	)		(0.18	)		(0.35	)		(0.60	)
Net realized gains			(0.14	)		(0.45	)		(0.22	)		—			—			—
Total distributions			(0.26	)		(0.62	)		(0.49	)		(0.18	)		(0.35	)		(0.60	)
Net asset value, end of period		$	7.18		$	7.65		$	8.20		$	8.24		$	7.51		$	7.23
Total return			(2.9	)%^c		0.9	%		5.9	%		12.3	%		9.4	%		(2.4	)%

Annualized ratios/supplemental data:
Net assets at end of period (000’s)		$	6,936,480		$	7,095,756		$	5,598,552		$	5,737,691		$	7,023,142		$	4,383,994
Ratio of expenses to average net assets before expense waivers			1.32	%^d,e		1.32	%^e		1.32	%^e		1.32	%^e		1.35	%^e		1.36	%^e
Ratio of expenses to average net assets after expense waivers			1.20	%^d		1.20	%		1.20	%		1.20	%		1.20	%		1.20	%
Ratio of net investment income to average net assets			1.57	%^d		1.16	%		1.14	%		1.97	%		3.09	%		4.07	%
Portfolio turnover rate			49	%^c		70	%		82	%		61	%		122	%		84	%

^a	Consolidated Financial Highlights.
^b	Calculated using the average shares method for the period.
^c	Not Annualized.
^d	Annualized.
^e	When counterparties post cash collateral with respect to various derivative transactions, the Fund may invest the collateral and receive interest income on the investment and pays interest expense on the collateral to the counterparty. The interest income is included in investment income on the Statements of Operations, and the interest expense is included in the Fund’s overall expenses on the Statement of Operations and expense ratio.

^a	Calculated using the average shares method for the period.
^b	Amount is less than $0.005 per share.
^c	Not Annualized.
^d	Annualized.

Old Westbury Funds, Inc.
Notes To Financial Statements
	*April 30, 2016 (Unaudited)*

Fund Name		Investment Objective
Old Westbury Large Cap Core Fund (“Large Cap Core Fund”)		Long-term capital appreciation.
Old Westbury Large Cap Strategies Fund (“Large Cap Strategies Fund”)		Long-term capital appreciation.
Old Westbury Small & Mid Cap Fund (“Small & Mid Cap Fund”)		Long-term capital appreciation.
Old Westbury Strategic Opportunities Fund (“Strategic Opportunities Fund”)		Long-term capital appreciation.
Old Westbury Fixed Income Fund (“Fixed Income Fund”)		Total return (consisting of current income and capital appreciation).
Old Westbury Municipal Bond Fund (“Municipal Bond Fund”)		Total return (consisting of current income that is exempt from regular federal income tax and capital appreciation).

Cost for federal income tax purposes is $604,196,402 and net unrealized appreciation of investments is as follows:

Unrealized appreciation

Unrealized depreciation

Net unrealized appreciation