For personal use only

Level 37, Chifley Tower 2 Chifley Square, Sydney NSW 2000 PO Box N43, Grosvenor Place, NSW 1220 www.blackrock.com.au or call 1300 474 273

For personal use only

1 July 2016 Market Announcements Office ASX Limited

FUND QUARTERLY PORTFOLIO HOLDINGS – AS OF 30 APRIL 2016 FOR RELEASE UNDER EACH FUND LISTED BELOW BlackRock Investment Management (Australia) Limited, on behalf of iShares Trust, makes this announcement regarding certain iShares exchange traded funds listed on the ASX. Attached is a copy of a “Form N-Q: Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company” document relating to certain funds of iShares Trust, which has been lodged with the US Securities and Exchange Commission. This document details the historical portfolio holdings of various iShares funds with a fiscal year end of 31 July, including those detailed in the below table, each of which is listed on the ASX. All information included in the attached document relating to funds of iShares Trust not detailed in the below table should be disregarded. Unless otherwise stated, financial information in the attached report is in US dollars. ASX Code

Fund

IZZ

iShares China Large-Cap ETF

IVE

iShares MSCI EAFE ETF

Important Notice Before investing in an iShares ETF, you should carefully consider whether such products are appropriate for you, read the applicable prospectus or product disclosure statement (PDS) available at www.blackrock.com.au and consult an investment adviser. An iShares ETF is not sponsored, endorsed, issued, sold or promoted by the provider of the index which a particular fund seeks to track. No index provider makes any representation regarding the advisability of investing in the iShares ETFs. Further information on the index providers can be found on BIMAL’s website terms and conditions at www.blackrock.com.au. For more information about iShares ETFs go to www.blackrock.com/au/ishares or call 1300 474 273. © 2016 BlackRock, Inc. All Rights reserved. BLACKROCK, iSHARES and the stylized i logo are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners. ** END **

iShares Trust ARBN 125 632 411 organised in Delaware USA. The liability of shareholders is limited. c/- BlackRock Investment Management (Australia) Limited ABN 13 006 165 975

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-09729

iShares Trust

(Exact name of Registrant as specified in charter)

c/o: State Street Bank and Trust Company 1 Iron Street, Boston, MA 02210 (Address of principal executive offices) (Zip code)

The Corporation Trust Company 1209 Orange Street, Wilmington, DE 19801 (Name and address of agent for service)

Registrant’s telephone number, including area code: (415) 670-2000 Date of fiscal year end: July 31, 2016 Date of reporting period: April 30, 2016

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Item 1. Schedules of Investments.

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Schedule of Investments (Unaudited) iSHARES® ADAPTIVE CURRENCY HEDGED MSCI EAFE ETF

For personal use only

April 30, 2016 Security

Shares

Value

40,858

$2,387,333 2,387,333

INVESTMENT COMPANIES — 99.96% EXCHANGE-TRADED FUNDS — 99.96% iShares MSCI EAFE ETFa TOTAL INVESTMENT COMPANIES (Cost: $2,358,342)

2,387,333

SHORT-TERM INVESTMENTS — 0.04% MONEY MARKET FUNDS — 0.04% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,b

817 817

817

TOTAL SHORT-TERM INVESTMENTS (Cost: $817)

817

TOTAL INVESTMENTS IN SECURITIES — 100.00% (Cost: $2,359,159) Other Assets, Less Liabilities — 0.00% NET ASSETS — 100.00% a b

2,388,150 80 $2,388,230

Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

Forward currency contracts as of April 30, 2016 were as follows:

GBP HKD ILS JPY NOK SEK SGD USD USD AUD EUR GBP HKD JPY USD USD

Currency Purchased

1,000 579,000 1,000 30,040,000 86,000 145,000 9,000 167,325 74,659 2,000 4,000 5,000 133,000 1,728,000 86,887 162,959

USD USD USD USD USD USD USD CHF HKD USD USD USD USD USD AUD CHF

Currency Sold

Settlement Date

Counterparty

1,439 74,644 267 280,777 10,496 17,904 6,680 160,000 579,000 1,517 4,583 7,305 17,147 16,204 114,000 156,000

05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Unrealized Appreciation (Depreciation)

$

22 3 1 1,571 185 156 12 495 12 1 1 2 4 47 317 132

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Schedule of Investments (Unaudited) (Continued) iSHARES® ADAPTIVE CURRENCY HEDGED MSCI EAFE ETF

For personal use only

April 30, 2016 Currency Purchased

Currency Sold

Settlement Date

Counterparty

USD USD USD USD USD USD USD

35,732 554,841 360,388 7,772 2,094 17,969 8,176

DKK EUR GBP ILS NZD SEK SGD

232,000 484,000 246,000 29,000 3,000 144,000 11,000

06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

BNP BNP BNP BNP BNP BNP BNP

AUD CHF DKK EUR GBP ILS NZD SEK SGD USD USD USD USD USD USD USD USD USD USD CHF DKK EUR HKD ILS SEK USD USD USD

109,000 160,000 232,000 484,000 239,000 14,000 3,000 142,000 11,000 83,711 35,520 552,111 344,982 3,992 267,542 10,396 2,079 35,446 14,845 103,000 155,000 318,000 10,000 1,000 3,000 74,656 290,619 7,326

USD USD USD USD USD USD USD USD USD AUD DKK EUR GBP ILS JPY NOK NZD SEK SGD USD USD USD USD USD USD HKD JPY NOK

83,163 166,970 35,708 554,445 350,115 3,751 2,097 17,704 8,183 109,000 232,000 484,000 240,000 15,000 30,040,000 86,000 3,000 287,000 20,000 107,589 23,871 364,521 1,290 268 374 579,000 31,076,000 59,000

05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Counterparty: BNP — BNP Paribas SA

Currency Abbreviations: AUD — Australian Dollar CHF — Swiss Franc DKK — Danish Krone EUR — Euro GBP — British Pound HKD — Hong Kong Dollar ILS — Israeli Shekel JPY — Japanese Yen NOK — Norwegian Krone NZD — New Zealand Dollar SEK — Swedish Krona SGD — Singapore Dollar USD — United States Dollar See accompanying notes to schedules of investments.

2

Net unrealized depreciation

Unrealized Appreciation (Depreciation)

$

6 142 919 7 3 18 4 4,060 (305) (140) (8) (145) (895) (4) (3) (18) (5) 854 (180) (2,188) (5,699) (23) (14,806) (285) (15) (300) (24) (81) (3) (71) — — — (9) (1,632) (1) (25,986) $(21,926)

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(Unaudited)

iSHARES® CHINA LARGE-CAP ETF

For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.98% AIRLINES — 0.32% Air China Ltd. Class H

AUTOMOBILES — 2.07% Byd Co. Ltd. Class Ha,b Great Wall Motor Co. Ltd. Class H Guangzhou Automobile Group Co. Ltd. Class H BANKS — 28.25% Agricultural Bank of China Ltd. Class H Bank of China Ltd. Class H Bank of Communications Co. Ltd. Class H China CITIC Bank Corp. Ltd. Class Hb China Construction Bank Corp. Class H China Everbright Bank Co. Ltd. Class H China Merchants Bank Co. Ltd. Class H China Minsheng Banking Corp. Ltd. Class H Industrial & Commercial Bank of China Ltd. Class H CAPITAL MARKETS — 4.98% China Cinda Asset Management Co. Ltd. Class H China Huarong Asset Management Co. Ltd.a,b,c CITIC Securities Co. Ltd. Class H GF Securities Co. Ltd.a,b Haitong Securities Co. Ltd. Class H Huatai Securities Co. Ltd.b,c

18,666,000 $

14,197,056 14,197,056

6,971,500 31,472,500

41,071,205 23,856,327

22,646,000

26,361,752 91,289,284

262,171,000 548,069,000

94,969,900 223,969,825

81,826,200 77,085,000

51,792,740 48,493,632

589,670,320

379,319,200

33,510,000

15,249,097

46,602,438

102,490,279

66,197,000

62,380,765

496,859,995

269,656,652 1,248,322,090

92,068,000

30,265,225

23,829,000 23,130,000 15,723,400 34,620,800 17,451,400

8,416,885 51,107,126 35,876,886 57,573,392 37,030,120 220,269,634

Security

Shares

Value

CONSTRUCTION & ENGINEERING — 2.68% China Communications Construction Co. Ltd. Class H 45,004,000 $ 54,302,769 China Railway Construction Corp. Ltd. 19,179,000 24,526,334 Class H China Railway Group Ltd. Class H 38,929,000 31,013,925 Metallurgical Corp. of China Ltd. Class H 29,191,000 8,805,618 118,648,646 CONSTRUCTION MATERIALS — 0.73% Anhui Conch Cement Co. Ltd. Class H 12,184,000 32,277,265 32,277,265 DIVERSIFIED TELECOMMUNICATION SERVICES — 3.41% China Telecom Corp. Ltd. Class H 164,358,000 81,784,907 China Unicom Hong Kong Ltd. 58,442,000 69,010,560 150,795,467 ELECTRICAL EQUIPMENT — 0.27% Shanghai Electric Group Co. Ltd. Class Ha 28,768,000 12,089,888 12,089,888 ENERGY EQUIPMENT & SERVICES — 0.11% a,b Sinopec Oilfield Service Corp. 21,368,000 4,682,824 4,682,824 INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 1.44% CGN Power Co. Ltd. Class Hc 101,542,000 32,594,181 Huaneng Power International Inc. 43,082,000 30,934,711 Class H 63,528,892 INDUSTRIAL CONGLOMERATES — 2.90% CITIC Ltd. 65,021,000 95,219,739 Fosun International Ltd. 23,604,500 32,802,624 128,022,363

3

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iSHARES® CHINA LARGE-CAP ETF

For personal use only

April 30, 2016 Security

INSURANCE — 13.16% China Life Insurance Co. Ltd. Class H China Pacific Insurance Group Co. Ltd. Class H New China Life Insurance Co. Ltd. Class H People’s Insurance Co. Group of China Ltd. (The) Class H PICC Property & Casualty Co. Ltd. Class H Ping An Insurance Group Co. of China Ltd. Class H

Shares

70,153,000 $163,327,383 26,205,200

92,562,069

8,172,500

26,812,526

64,606,000

26,151,555

39,235,700

71,823,202

42,537,000

200,972,135 581,648,870

INTERNET SOFTWARE & SERVICES — 9.25% Tencent Holdings Ltd. 19,946,100 MACHINERY — 0.91% CRRC Corp. Ltd. Class Ha

41,300,450

OIL, GAS & CONSUMABLE FUELS — 12.93% China Petroleum & Chemical Corp. Class H 245,798,600 China Shenhua Energy Co. Ltd. Class H 34,506,000 CNOOC Ltd. 145,457,000 PetroChina Co. Ltd. Class H 212,488,000 PERSONAL PRODUCTS — 1.51% Hengan International Group Co. Ltd.

Value

408,579,808 408,579,808 40,303,770 40,303,770 175,226,404 58,361,099 181,136,830 156,410,365 571,134,698

7,428,000

66,837,828 66,837,828 REAL ESTATE MANAGEMENT & DEVELOPMENT — 6.18% China Overseas Land & Investment Ltd.a 39,122,000 124,822,037 China Resources Land Ltd. 27,603,333 68,179,222

Security

Shares

China Vanke Co. Ltd. Class H Dalian Wanda Commercial Properties Co. Ltd. Class Hc

13,349,500

Value $

33,454,633

7,028,500

46,435,650 272,891,542 WIRELESS TELECOMMUNICATION SERVICES — 8.88% China Mobile Ltd. 34,202,000 392,186,343 392,186,343 TOTAL COMMON STOCKS (Cost: $5,211,209,891) 4,417,706,268 SHORT-TERM INVESTMENTS — 2.06% MONEY MARKET FUNDS — 2.06% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%d,e,f BlackRock Cash Funds: Prime, SL Agency Shares 0.49%d,e,f BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%d,e

86,093,234

86,093,234

4,697,461

4,697,461

75,537

75,537 90,866,232

TOTAL SHORT-TERM INVESTMENTS (Cost: $90,866,232)

90,866,232

TOTAL INVESTMENTS IN SECURITIES — 102.04% (Cost: $5,302,076,123) Other Assets, Less Liabilities — (2.04)% NET ASSETS — 100.00% a b c d e f

4,508,572,500 (89,921,257) $4,418,651,243

All or a portion of this security represents a security on loan. See Note 1. Non-income earning security. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

Open futures contracts as of April 30, 2016 were as follows:

Issue H-Shares Index

Number of Contracts Purchased (Sold) 10

See accompanying notes to schedules of investments.

4

Expiration May 2016

Exchange Hong Kong Futures

Notional Value $573,403

Unrealized Appreciation (Depreciation) $ (2,070)

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iSHARES® CORE AGGRESSIVE ALLOCATION ETF

For personal use only

April 30, 2016 Security

Shares

Value

DOMESTIC EQUITY — 42.63% iShares Core S&P 500 ETFa iShares Core S&P Mid-Cap ETFa iShares Core S&P Small-Cap ETFa

763,467 93,666 50,636

$158,320,152 13,659,313 5,768,453 177,747,918

DOMESTIC FIXED INCOME — 16.20% iShares Core Total USD Bond Market ETFa iShares Core U.S. Credit Bond ETFa iShares Core U.S. Treasury Bond ETFa

392,465 106,974 602,050

40,143,283 11,915,834 15,478,705 67,537,822

773,616 1,793,139 1,092,138

32,429,982 76,029,094 51,013,766 159,472,842

INVESTMENT COMPANIES — 99.90%

INTERNATIONAL EQUITY — 38.25% iShares Core MSCI Emerging Markets ETFa iShares Core MSCI Europe ETFa iShares Core MSCI Pacific ETFa

INTERNATIONAL FIXED INCOME — 2.82% iShares Core International Aggregate 228,396 Bond ETFa TOTAL INVESTMENT COMPANIES (Cost: $419,090,285)

11,773,814 11,773,814 416,532,396

SHORT-TERM INVESTMENTS — 0.11%

MONEY MARKET FUNDS — 0.11% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,b

439,730

TOTAL SHORT-TERM INVESTMENTS (Cost: $439,730)

TOTAL INVESTMENTS IN SECURITIES — 100.01% (Cost: $419,530,015) Other Assets, Less Liabilities — (0.01)% NET ASSETS — 100.00% a b

439,730 439,730 439,730

416,972,126 (36,511) $416,935,615

Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.

5

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iSHARES® CORE CONSERVATIVE ALLOCATION ETF

For personal use only

April 30, 2016 Security

Shares

Value

184,658 22,670 12,260

$ 38,292,530 3,305,966 1,396,659 42,995,155

885,961 241,487 1,359,089

90,620,521 26,899,237 34,942,178 152,461,936

187,110 433,704 264,156

7,843,651 18,389,050 12,338,727 38,571,428

INVESTMENT COMPANIES — 99.88%

DOMESTIC EQUITY — 16.48% iShares Core S&P 500 ETFa iShares Core S&P Mid-Cap ETFa iShares Core S&P Small-Cap ETFa

DOMESTIC FIXED INCOME — 58.43% iShares Core Total USD Bond Market ETFa iShares Core U.S. Credit Bond ETFa iShares Core U.S. Treasury Bond ETFa

INTERNATIONAL EQUITY — 14.78% iShares Core MSCI Emerging Markets ETFa iShares Core MSCI Europe ETFa iShares Core MSCI Pacific ETFa

INTERNATIONAL FIXED INCOME — 10.19% iShares Core International Aggregate 515,581 Bond ETFa TOTAL INVESTMENT COMPANIES (Cost: $259,180,807)

26,578,200 26,578,200 260,606,719

SHORT-TERM INVESTMENTS — 0.13%

MONEY MARKET FUNDS — 0.13% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,b

331,215

TOTAL SHORT-TERM INVESTMENTS (Cost: $331,215)

TOTAL INVESTMENTS IN SECURITIES — 100.01% (Cost: $259,512,022) Other Assets, Less Liabilities — (0.01)% NET ASSETS — 100.00% a b

331,215

260,937,934 (22,631) $260,915,303

Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.

6

331,215 331,215

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iSHARES® CORE GROWTH ALLOCATION ETF

For personal use only

April 30, 2016 Security

Shares

Value

INVESTMENT COMPANIES — 99.91%

DOMESTIC EQUITY —32.36% iShares Core S&P 500 ETFa iShares Core S&P Mid-Cap ETFa iShares Core S&P Small-Cap ETFa DOMESTIC FIXED INCOME — 32.80% iShares Core Total USD Bond Market ETFa iShares Core U.S. Credit Bond ETFa iShares Core U.S. Treasury Bond ETFa,b INTERNATIONAL EQUITY — 29.04% iShares Core MSCI Emerging Markets ETFa iShares Core MSCI Europe ETFa iShares Core MSCI Pacific ETFa

993,431 $206,007,787 17,773,323 121,877 65,935 7,511,315 231,292,425 1,362,140 371,283 2,089,584

139,326,490 41,357,213 53,723,205 234,406,908

Security

Shares

BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,c

674,314

TOTAL SHORT-TERM INVESTMENTS (Cost: $1,503,814) TOTAL INVESTMENTS IN SECURITIES — 100.12% (Cost: $722,297,606) Other Assets, Less Liabilities — (0.12)% NET ASSETS — 100.00% a b

1,006,577 2,333,212 1,421,043

INTERNATIONAL FIXED INCOME — 5.71% iShares Core International Aggregate Bond ETFa 791,844 TOTAL INVESTMENT COMPANIES (Cost: $720,793,792)

42,195,708 98,928,189 66,376,918 207,500,815

c d

Value

$

674,314 1,503,814 1,503,814

715,523,520 (889,665) $714,633,855

Affiliated issuer. See Note 2. All or a portion of this security represents a security on loan. See Note 1. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

40,819,558 40,819,558 714,019,706

SHORT-TERM INVESTMENTS — 0.21% MONEY MARKET FUNDS — 0.21% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%a,c,d BlackRock Cash Funds: Prime, SL Agency Shares 0.49%a,c,d

786,582

786,582

42,918

42,918

7

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Schedule of Investments (Unaudited) iSHARES® CORE MODERATE ALLOCATION ETF

For personal use only

April 30, 2016 Security

Shares

Value

INVESTMENT COMPANIES — 99.90%

DOMESTIC EQUITY — 21.84% iShares Core S&P 500 ETFa iShares Core S&P Mid-Cap ETFa iShares Core S&P Small-Cap ETFa

444,727 $ 92,223,038 54,604 7,962,901 3,365,539 29,543 103,551,478

DOMESTIC FIXED INCOME — 49.79% iShares Core Total USD Bond Market ETFa 1,371,686 iShares Core U.S. Credit Bond ETFa 373,884 iShares Core U.S. Treasury Bond ETFa,b 2,104,199 INTERNATIONAL EQUITY — 19.59% iShares Core MSCI Emerging Markets ETFa iShares Core MSCI Europe ETFa iShares Core MSCI Pacific ETFa

140,302,903 41,646,939 54,098,956 236,048,798

TOTAL INVESTMENT COMPANIES (Cost: $475,610,475)

18,890,871 44,287,605 29,716,061 92,894,537 41,150,303 41,150,303 473,645,116

SHORT-TERM INVESTMENTS — 0.15%

8

Shares

BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,c

517,442

TOTAL SHORT-TERM INVESTMENTS (Cost: $724,817) TOTAL INVESTMENTS IN SECURITIES — 100.05% (Cost: $476,335,292) Other Assets, Less Liabilities — (0.05)% NET ASSETS — 100.00% a

450,641 1,044,519 636,182

INTERNATIONAL FIXED INCOME — 8.68% iShares Core International Aggregate Bond ETFa 798,260

MONEY MARKET FUNDS — 0.15% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%a,c,d BlackRock Cash Funds: Prime, SL Agency Shares 0.49%a,c,d

Security

196,646

196,646

10,729

10,729

b c d

Value

$

517,442 724,817 724,817

474,369,933 (243,833) $474,126,100

Affiliated issuer. See Note 2. All or a portion of this security represents a security on loan. See Note 1. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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iSHARES® CORE MSCI EAFE ETF

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April 30, 2016 Security

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Value

COMMON STOCKS — 98.62%

AUSTRALIA — 6.93% Abacus Property Group Adelaide Brighton Ltd. AGL Energy Ltd. Ainsworth Game Technology Ltd. ALS Ltd. Alumina Ltd. Amcor Ltd./Australia AMP Ltd. Ansell Ltd. APA Group APN News & Media Ltd.a,b ARB Corp. Ltd.b Ardent Leisure Group Aristocrat Leisure Ltd. Arrium Ltd.a,b Asaleo Care Ltd. Asciano Ltd. ASX Ltd. Aurizon Holdings Ltd. AusNet Services Australia & New Zealand Banking Group Ltd. Australian Agricultural Co. Ltd.a,b Automotive Holdings Group Ltd. Aveo Group AWE Ltd.a,b Bank of Queensland Ltd. Beach Energy Ltd. Bega Cheese Ltd. Bendigo & Adelaide Bank Ltd. BHP Billiton Ltd. BlueScope Steel Ltd. Boral Ltd. Brambles Ltd. Broadspectrum Ltd.a BT Investment Management Ltd. Burson Group Ltd. BWP Trust

254,978 $ 616,839 404,321 1,595,243 7,869,754 563,816 153,137 272,299 1,442,285 403,827 2,069,210 2,360,782 926,005 10,882,886 2,360,980 10,594,481 129,620 1,971,466 6,146,438 920,461 1,004,160 475,121 956,528 77,754 687,780 415,317 421,964 3,220,219 30 3,868,598 348,803 524,392 3,289,146 488,104 156,188 5,212,393 5,490,202 1,684,808 1,899,020 1,621,105 2,323,335 467,272 201,301 382,298 645,655 339,343 1,234,642 121,575 365,537 2,569,812 449,810 608,828 1,272,524 470,272 167,495 236,154 428,020

43,032,011 511,719 602,202 997,788 342,449 2,913,409 697,241 570,597 2,599,904 40,556,636 2,220,974 2,992,199 12,119,665 531,155 1,264,178 897,500 1,143,252

Security Cabcharge Australia Ltd.b Caltex Australia Ltd. Cardno Ltd.b carsales.com Ltd. Challenger Ltd./Australia Charter Hall Group Charter Hall Retail REIT CIMIC Group Ltd. Cleanaway Waste Management Ltd. Coca-Cola Amatil Ltd. Cochlear Ltd. Commonwealth Bank of Australia Computershare Ltd. Cromwell Property Group Crown Resorts Ltd. CSL Ltd. CSR Ltd. Dexus Property Group Domino’s Pizza Enterprises Ltd. Downer EDI Ltd. DUET Group DuluxGroup Ltd. Energy World Corp. Ltd.a,b Evolution Mining Ltd. Fairfax Media Ltd. FlexiGroup Ltd./Australiab Flight Centre Travel Group Ltd.b Fortescue Metals Group Ltd.b G8 Education Ltd. Genworth Mortgage Insurance Australia Ltd. Goodman Group GPT Group (The) GrainCorp Ltd. Class A GUD Holdings Ltd. GWA Group Ltd. Harvey Norman Holdings Ltd. Healthscope Ltd. Iluka Resources Ltd. Incitec Pivot Ltd. Independence Group NLb

Shares

Value

190,211 $ 467,414 219,609 5,446,826 185,864 157,445 213,824 1,918,995 463,742 3,170,987 299,866 1,096,157 313,557 1,139,026 87,450 2,388,535 1,362,388 821,368 451,390 2,962,514 46,636 3,844,817 1,365,770 77,014,637 382,722 2,952,872 1,076,405 837,888 284,440 2,563,602 379,099 30,429,572 441,480 1,152,251 762,957 4,902,552 53,917 2,551,511 385,363 1,094,014 1,929,960 3,313,911 334,340 1,632,971 597,022 86,567 928,398 1,388,674 2,058,815 1,249,092 258,770 471,978 49,776 1,493,252 1,217,521 3,168,406 255,078 765,025 308,812 563,251 1,409,630 7,411,983 1,412,400 5,421,703 154,100 963,156 101,298 660,190 243,960 430,071 441,601 1,509,795 1,408,664 2,924,060 381,089 1,870,025 1,352,514 3,323,592 400,085 934,294

9

ˆ200F9Gq$mBMy6mW%ÈŠ 200F9Gq$mBMy6mW%¨

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

RR Donnelley ProFile

Schedule of Investments

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Insurance Australia Group Ltd. Investa Office Fund Invocare Ltd. IOOF Holdings Ltd. Iress Ltd. Jacana Minerals Ltd.b James Hardie Industries PLC Japara Healthcare Ltd. JB Hi-Fi Ltd. Karoon Gas Australia Ltd.a,b LendLease Group Liquefied Natural Gas Ltd.a,b Macquarie Atlas Roads Group Macquarie Group Ltd. Magellan Financial Group Ltd. Mantra Group Ltd. Mayne Pharma Group Ltd.a McMillan Shakespeare Ltd. Medibank Pvt Ltd. Metcash Ltd.a Mineral Resources Ltd. Mirvac Group Monadelphous Group Ltd.b Myer Holdings Ltd.b National Australia Bank Ltd. Navitas Ltd. Newcrest Mining Ltd.a Nine Entertainment Co. Holdings Ltd. Northern Star Resources Ltd. Nufarm Ltd./Australia Oil Search Ltd. Orica Ltd. Origin Energy Ltd. Orora Ltd. OZ Minerals Ltd. Pacific Brands Ltd. Pact Group Holdings Ltd. Perpetual Ltd. Platinum Asset Management Ltd. Premier Investments Ltd. Primary Health Care Ltd.b Qantas Airways Ltd.

10

Shares

Value

1,951,003 $ 8,591,001 466,934 1,485,941 907,703 97,016 217,427 1,483,409 1,010,902 113,801 — 6,357 354,073 5,007,008 582,013 269,486 83,464 1,399,392 310,329 278,522 437,075 4,236,134 266,784 573,087 1,546,144 416,017 243,159 11,783,495 1,628,779 99,269 295,947 835,652 633,129 594,714 673,688 71,887 5,604,747 2,338,925 1,062,371 790,958 170,616 964,824 4,062,916 2,846,992 87,153 506,813 628,499 795,709 2,099,095 43,556,336 225,326 880,423 9,226,109 637,296 641,096 552,855 1,442,980 488,584 147,039 787,734 5,863,983 1,093,018 3,386,728 290,054 1,404,531 5,884,556 1,988,130 986,804 264,449 1,186,668 766,577 877,284 178,774 706,715 1,327,009 40,675 1,022,158 221,022 78,423 951,592 1,189,789 449,294 465,017 1,142,707

Security QBE Insurance Group Ltd. Qube Holdings Ltd.b Ramsay Health Care Ltd. REA Group Ltd. Regis Resources Ltd. Retail Food Group Ltd. Rio Tinto Ltd. SAI Global Ltd. Sandfire Resources NL Santos Ltd. Scentre Group Seek Ltd. Seven West Media Ltd. Shopping Centres Australasia Property Group Sigma Pharmaceuticals Ltd. Sims Metal Management Ltd. Sirtex Medical Ltd. Slater & Gordon Ltd.b Sonic Healthcare Ltd. South32 Ltd.a Southern Cross Media Group Ltd. Spotless Group Holdings Ltd. St. Barbara Ltd.a Star Entertainment Grp Ltd. (The) Steadfast Group Ltd. Stockland Suncorp Group Ltd. Super Retail Group Ltd. Sydney Airport Syrah Resources Ltd.a,b Tabcorp Holdings Ltd. Tatts Group Ltd. Technology One Ltd. Telstra Corp. Ltd. Ten Network Holdings Ltd.a,b Tox Free Solutions Ltd. TPG Telecom Ltd. Transurban Group Treasury Wine Estates Ltd. Vicinity Centres Virtus Health Ltd. Vocus Communications Ltd.

Shares

Value

1,090,495 $ 9,279,158 767,157 1,457,786 111,995 5,551,212 45,472 1,767,024 375,288 830,563 119,651 502,214 330,815 13,014,392 281,063 782,900 151,270 684,569 1,368,926 5,014,542 4,272,040 15,290,377 268,221 3,350,823 1,031,711 834,591 649,047 1,120,143 145,078 51,976 662,916 315,330 4,242,284 550,493 1,032,188 439,798 614,326 739,830 1,855,605 1,017,335 110,213 880,619 179,199 646,230 1,138,758 251,201 3,431,455 176,893 133,232 250,918 1,614,138 609,308 2,714,213 102,039 373,267

1,159,050 940,321 1,049,591 1,179,652 149,242 4,673,310 5,374,250 453,718 1,020,090 778,666 2,648,850 1,061,451 6,188,380 9,704,743 711,563 4,576,624 646,855 2,184,746 3,276,294 935,516 14,036,316 128,246 293,844 2,050,838 14,264,589 4,333,740 6,876,889 526,409 2,458,331

ˆ200F9Gq$mBMyaJCZÇŠ 200F9Gq$mBMyaJCZ˙

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

RR Donnelley ProFile

Schedule of Investments

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iSHARES® CORE MSCI EAFE ETF

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April 30, 2016 Security

Wesfarmers Ltd. Western Areas Ltd.b Westfield Corp. Westpac Banking Corp. Whitehaven Coal Ltd.a,b Woodside Petroleum Ltd. Woolworths Ltd. WorleyParsons Ltd. AUSTRIA — 0.29% ams AG Andritz AG BUWOG AG CA Immobilien Anlagen AG Conwert Immobilien Invest SEa Erste Group Bank AGa EVN AG Flughafen Wien AG IMMOFINANZ AGa Lenzing AG Oesterreichische Post AG OMV AG Palfinger AG Raiffeisen Bank International AGa RHI AG S IMMO AG Schoeller-Bleckmann Oilfield Equipment AG Semperit AG Holding UNIQA Insurance Group AG Voestalpine AG Wienerberger AG Zumtobel Group AGb BELGIUM — 1.45% Ablynx NVa,b Ackermans & van Haaren NV Aedifica SA Ageas AGFA-Gevaert NVa Anheuser-Busch InBev SA/NV Barco NV

Shares

Value

902,464 $ 29,456,366 296,686 566,040 12,212,736 1,584,461 2,659,037 63,008,047 388,855 661,739 12,665,557 585,618 1,013,787 17,105,883 955,411 179,103 791,471,044 56,616 65,212 43,984 61,769 55,641 223,825 24,499 4,632 748,617 7,785 28,554 121,060 8,237 98,714 29,607 42,133

1,497,356 3,653,114 925,930 1,180,061 881,364 6,439,709 294,208 529,624 1,765,444 603,383 1,115,544 3,634,174 253,309 1,577,780 636,837 413,562

8,756 10,336 104,828 91,114 96,245 29,915

590,589 371,132 756,888 3,285,170 1,902,090 389,572 32,696,840

64,128 19,880 13,241 148,941 195,656 643,965 10,512

969,159 2,588,897 934,806 5,844,396 777,384 79,730,770 734,314

Security

Shares

Befimmo SA Bekaert SAb bpost SA Cie. d’Entreprises CFE Cofinimmo SA Colruyt SA D’ieteren SA/NV Delhaize Group Econocom Group SA/NV Elia System Operator SA/NV Euronav NV EVS Broadcast Equipment SA Fagronb Galapagos NVa,b Gimv NV Groupe Bruxelles Lambert SA Ion Beam Applications KBC Ancora KBC Groep NV Kinepolis Group NV Melexis NV Mobistar SAa Nyrstar NVa,b Ontex Group NV Proximus SADP Solvay SA Telenet Group Holding NVa Tessenderlo Chemie NVa UCB SA Umicore SA Warehouses De Pauw CVA

17,264 $ 1,153,773 30,730 1,352,077 74,640 2,106,019 6,703 665,313 14,689 1,825,408 54,997 3,167,177 19,486 862,936 81,237 8,516,386 55,214 595,082 28,204 1,458,662 102,079 1,122,395 14,310 485,061 29,992 218,474 28,750 1,306,944 21,907 1,216,922 58,412 5,160,163 20,191 831,371 28,408 1,003,118 199,955 11,228,769 13,696 603,938 18,944 1,046,253 29,586 647,059 756,733 598,039 55,857 1,711,672 114,061 3,837,541 57,293 5,791,666 41,887 2,082,126 29,062 998,917 101,070 7,564,946 76,239 3,800,616 12,840 1,169,150 165,707,699

DENMARK — 1.89% ALK-Abello A/S Alm Brand A/S Ambu A/Sb AP Moeller — Maersk A/S Class A AP Moeller — Maersk A/S Class B Bang & Olufsen A/Sa,b Bavarian Nordic A/Sa Carlsberg A/S Class B Chr Hansen Holding A/S Coloplast A/S Class B D/S Norden A/Sa,b

6,375 110,815 23,796 3,771 4,954 41,606 32,036 76,785 82,776 91,061 27,974

Value

1,035,963 823,656 820,261 5,135,705 6,967,908 451,383 1,222,616 7,479,634 5,152,562 6,829,960 490,319

11

ˆ200F9Gq$mBMyyLJ%%Š 200F9Gq$mBMyyLJ%%

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

RR Donnelley ProFile

Schedule of Investments

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iSHARES® CORE MSCI EAFE ETF

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April 30, 2016 Security

Danske Bank A/S Dfds A/S DSV A/S FLSmidth & Co. A/Sb Genmab A/Sa GN Store Nord A/S ISS A/S Jyske Bank A/S Registered Matas A/S NKT Holding A/S Novo Nordisk A/S Class B Novozymes A/S Class B Pandora A/S Rockwool International A/S Class B Royal Unibrew A/S Schouw & Co. SimCorp A/S Solar A/S Class B Spar Nord Bank A/S Sydbank A/S TDC A/S Topdanmark A/Sa Tryg A/S Vestas Wind Systems A/S William Demant Holding A/Sa FINLAND — 1.01% Amer Sports OYJ Cargotec OYJ Class B Caverion Corp. Citycon OYJ Cramo OYJ Elisa OYJ Fortum OYJ Huhtamaki OYJ Kemira OYJ Kesko OYJ Class B Kone OYJ Class B Konecranes OYJ Metsa Board OYJ Metso OYJ Neste OYJ Nokia OYJ

12

Shares

Value

577,735 $ 16,340,842 27,262 1,088,668 6,136,504 145,802 42,587 1,654,119 5,780,253 39,005 2,593,898 131,893 125,327 4,759,815 2,493,600 60,895 45,091 860,423 1,324,653 23,246 1,577,008 88,068,603 9,124,880 190,357 11,928,970 91,846 6,285 1,047,452 1,313,865 29,080 14,419 843,177 1,739,539 38,686 346,114 6,734 902,394 110,642 2,048,831 72,437 545,949 2,794,310 1,892,521 71,501 109,456 2,066,733 9,727,983 135,947 2,321,445 22,583 215,609,559 92,327 28,260 83,970 274,720 28,721 116,040 358,790 74,713 80,637 50,310 271,263 42,511 158,350 90,053 105,198 4,628,954

2,730,379 1,068,130 615,520 696,636 574,686 4,334,076 5,407,969 2,935,136 977,143 2,010,450 12,377,926 975,260 994,793 2,164,954 3,366,448 27,304,114

Security

Shares

Nokian Renkaat OYJ Oriola-KD OYJ Class B Orion OYJ Class B Outokumpu OYJa,b Outotec OYJa,b PKC Group OYJb Ramirent OYJ Sampo OYJ Class A Sanoma OYJ Sponda OYJ Stockmann OYJ Abp Class Ba,b Stora Enso OYJ Class R Technopolis OYJ Tieto OYJ UPM-Kymmene OYJ Uponor OYJ Valmet OYJ Wartsila OYJ Abp YIT OYJ

91,646 $ 3,382,027 82,450 407,955 79,042 2,757,565 242,974 1,019,098 146,974 585,475 21,073 378,934 66,916 467,517 356,168 15,554,631 54,381 266,581 152,791 665,346 21,162 146,882 428,008 3,735,467 79,181 341,901 43,010 1,129,566 419,868 8,021,338 45,381 700,132 96,747 1,213,360 117,537 5,040,208 94,396 644,374 114,991,977

FRANCE — 9.06% AB Science SAa,b ABC Arbitrage Accor SA Aeroports de Paris Air France-KLMa Air Liquide SA Airbus Group SE Albioma SA Alstom SAa Alten SA Altran Technologies SA ANF Immobilier APERAM SA ArcelorMittalb Arkema SA Assystem Atos SE AXA SA BNP Paribas SA Boiron SA Bollore SA Bonduelle SCA

15,843 67,512 168,243 23,141 118,613 275,334 474,914 23,377 125,080 24,521 114,781 5,108 37,668 1,346,036 53,708 12,177 71,602 1,577,156 845,716 5,725 669,925 11,556

Value

341,866 467,042 7,454,484 2,912,848 1,064,003 31,220,010 29,704,699 381,541 3,197,570 1,516,596 1,703,121 141,288 1,480,884 7,603,573 4,286,325 316,037 6,371,303 39,767,780 44,789,929 458,999 2,654,852 341,480

ˆ200F9Gq$mBMzKYf%5Š 200F9Gq$mBMzKYf%5

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

RR Donnelley ProFile

Schedule of Investments

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BOURBON SAb Bouygues SA Bureau Veritas SA Capgemini SA Carrefour SA Casino Guichard Perrachon SAb Cellectis SAa,b CGG SAa,b Christian Dior SE Cie. de Saint-Gobain Cie. Generale des Etablissements Michelin Class B CNP Assurances Coface SAa Credit Agricole SA Danone SA Dassault Systemes DBV Technologies SAa,b Derichebourg SA Edenred Eiffage SA Electricite de France SA Elior Groupc Elis SA Engie SA Erameta,b Essilor International SA Esso SA Francaisea Etablissements Maurel et Proma,b Euler Hermes Group Eurazeo SA Eurofins Scientific SE Europcar Groupe SAa,b,c Eutelsat Communications SA Faiveley Transport SA Faurecia FFP Fonciere des Regions GameLoft SEa,b Gaztransport Et Technigaz SA

17,559 $ 259,032 160,936 5,367,630 4,995,003 210,682 130,855 12,219,284 438,619 12,431,196 2,685,078 45,118 23,005 638,167 465,262 495,388 43,560 7,650,849 377,836 17,308,006 148,482 140,425 81,792 838,668 474,612 105,312 18,690 90,613 167,484 46,493 200,820 79,235 53,886 1,174,743 10,266 164,772 2,538 152,255 11,945 33,912 7,597 69,317 138,429 5,971 52,646 4,104 22,189 71,033 24,204

Value

15,501,313 2,390,823 660,353 9,278,125 33,251,803 8,238,280 1,278,187 288,518 3,303,273 3,697,198 2,885,464 1,703,864 989,653 19,375,074 408,831 21,334,967 115,113 612,092 1,135,540 2,388,727 2,819,630 804,243 4,300,657 649,694 2,174,951 317,144 2,100,226 602,046 898,333

Security Gecina SA Genfita,b GL Events Groupe Eurotunnel SE Registered Groupe Fnac SAa Havas SA Hermes International ICADE Iliad SA Imerys SA Ingenico Group SA Ipsen SA IPSOS JCDecaux SA Kering Klepierre Korian SA L’Oreal SA Lagardere SCA Legrand SA LISI LVMH Moet Hennessy Louis Vuitton SE Marie Brizard Wine & Spirits SAa Mercialys SA Mersen Metropole Television SA Natixis SA Naturexa,b Neopost SA Nexans SAa Nexity SA Numericable-SFR SA Orange SA Orpea Parrot SAa,b Pernod Ricard SA Peugeot SAa Plastic Omnium SA Publicis Groupe SA Rallye SAb Remy Cointreau SA Renault SA

Shares

Value

27,158 $ 3,928,612 16,757 572,420 8,937 171,760 378,094 4,828,505 10,138 585,571 146,147 1,223,282 21,813 7,769,871 26,190 2,062,273 21,492 4,697,935 28,949 2,137,282 44,199 5,214,200 31,434 1,902,754 33,447 996,021 62,324 2,753,590 60,409 10,354,196 174,033 8,187,422 32,676 1,029,574 201,850 36,631,862 92,894 2,465,197 213,505 12,163,312 11,226 321,314 223,943 37,217,132 21,635 414,563 42,455 946,015 12,690 203,192 51,692 980,738 742,243 4,095,065 5,249 442,479 30,120 737,566 26,490 1,233,333 26,851 1,440,199 89,347 2,925,204 1,584,452 26,277,597 33,568 2,768,575 17,192 345,771 169,875 18,343,704 355,576 5,724,022 50,149 1,661,111 152,416 11,282,432 21,361 411,026 20,299 1,685,120 154,170 14,882,038

13

ˆ200F9Gq$mBMzkJaZiŠ 200F9Gq$mBMzkJaZi

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

RR Donnelley ProFile

Schedule of Investments

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April 30, 2016 Security

Rexel SA Rubis SCA Safran SA Saft Groupe SA Sanofi Sartorius Stedim Biotech Schneider Electric SE SCOR SE SEB SA SES SA Societe BIC SA Societe Generale SA Societe Television Francaise 1 Sodexo SA Solocal Groupa,b Sopra Steria Group SPIE SAa STMicroelectronics NV Suez Environnement Co. Technicolor SA Registered Technip SA Teleperformance Thales SA Total SA UBISOFT Entertainmenta Unibail-Rodamco SE Valeo SA Vallourec SAb Veolia Environnement SA Vicat SA Vilmorin & Cie SA Vinci SA Virbac SAb Vivendi SA Wendel SA Zodiac Aerospace GERMANY — 8.05% Aareal Bank AG adidas AG AIXTRON SEa,b Allianz SE Registered Alstria office REIT AG AURELIUS SE & Co KGaA

14

Shares

Value

246,189 $ 3,730,495 32,508 2,537,803 250,837 17,286,601 28,828 896,112 939,931 77,629,979 2,938 1,122,240 446,693 29,080,456 120,137 4,091,502 17,592 1,971,981 260,005 7,095,003 23,543 3,342,307 575,563 22,578,311 105,933 1,273,362 74,254 7,500,275 54,815 326,468 13,551 1,575,344 47,243 930,688 508,955 3,126,844 247,633 4,566,384 297,344 2,039,971 82,475 4,827,988 46,689 4,192,457 87,262 7,545,884 1,759,529 88,531,054 85,843 2,494,384 74,139 19,870,124 63,614 10,087,503 257,383 1,336,888 377,261 9,270,613 15,330 1,067,539 3,223 230,753 384,664 28,743,093 3,737 681,831 925,936 17,774,320 22,108 2,554,928 165,126 3,872,375 1,035,497,554 47,546 167,861 99,988 365,079 92,070 20,020

1,689,249 21,648,420 497,022 61,989,703 1,291,791 1,197,399

Security Aurubis AG Axel Springer SE BASF SE Bauer AG Bayer AG Registered Bayerische Motoren Werke AG BayWa AGb Bechtle AG Beiersdorf AG Bertrandt AG Bijou Brigitte AG Bilfinger SE Borussia Dortmund GmbH & Co. KGaA Brenntag AG CANCOM SEb Carl Zeiss Meditec AG Bearer Cewe Stiftung & Co. KGAA comdirect bank AG Commerzbank AG CompuGroup Medical SE Continental AG CTS Eventim AG & Co. KGaA Daimler AG Registered Deutsche Bank AG Registered Deutsche Beteiligungs AG Deutsche Boerse AG Deutsche Euroshop AG Deutsche Lufthansa AG Registered Deutsche Pfandbriefbank AGa,c Deutsche Post AG Registered Deutsche Telekom AG Registered Deutsche Wohnen AG Bearer DEUTZ AG Dialog Semiconductor PLCa DIC Asset AG

Shares

Value

29,987 $ 1,627,466 36,524 2,039,765 734,909 60,730,646 15,490 252,993 661,518 76,335,178 262,615 24,213,268 12,844 448,681 13,148 1,373,386 78,880 7,079,447 5,238 605,033 3,028 195,637 27,747 1,209,706 92,502 415,525 123,920 7,268,322 17,431 889,522 28,869 941,859 8,798 554,626 34,592 393,426 845,293 7,900,152 20,917 821,734 87,847 19,298,055 38,300 1,341,888 765,375 53,202,178 1,102,069 20,789,325 15,234 450,427 154,613 12,695,289 34,034 1,586,325 183,762 2,853,996 93,262 982,722 771,257 22,649,319 2,579,208 45,153,333 268,840 8,235,206 94,413 481,853 61,744 2,145,598 44,578 410,910

ˆ200F9Gq$mBM!D%C%qŠ 200F9Gq$mBM!D%C%q

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

RR Donnelley ProFile

Schedule of Investments

NCRP64RS22 11.9.13

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April 30, 2016 Security

DMG Mori AG Draegerwerk AG & Co. KGaA Drillisch AGb Duerr AG E.ON SE ElringKlinger AGb Evonik Industries AG Evotec AGa,b Fraport AG Frankfurt Airport Services Worldwide Freenet AG Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA GEA Group AG Gerresheimer AG Gerry Weber International AGb Gesco AG Grammer AG Grand City Properties SA GRENKELEASING AG Hamborner REIT AG Hamburger Hafen und Logistik AG Hannover Rueck SE HeidelbergCement AG Heidelberger Druckmaschinen AGa,b Henkel AG & Co. KGaA HUGO BOSS AG Indus Holding AG Infineon Technologies AG Jenoptik AG K+S AG Registeredb KION Group AG Kloeckner & Co. SEb Krones AG KUKA AGb KWS Saat SEb Lanxess AG LEG Immobilien AG LEONI AG Linde AG

Shares

Value

33,967 $ 1,627,747 1,307 79,549 1,843,650 44,670 21,426 1,715,855 1,608,617 16,598,439 667,635 27,277 112,282 3,557,778 517,010 129,899 32,074 102,202 175,921 306,230 148,221 26,143 22,593 4,137 15,491 87,035 8,562 64,786 24,243 49,289 111,807 263,317 88,195 52,624 20,061 903,184 44,922 153,574 52,397 91,061 12,089 19,822 1,549 73,594 51,866 28,477 148,194

1,941,862 3,121,910 15,262,944 22,279,027 6,873,778 1,944,490 326,049 345,755 599,700 1,922,933 1,688,676 721,546 380,404 5,621,602 9,936,027 593,529 8,962,980 3,356,596 1,021,551 12,853,181 702,569 3,831,013 2,855,413 1,061,219 1,378,244 1,953,376 537,034 3,849,141 4,800,493 1,026,266 22,642,504

Security

Shares

MAN SE Merck KGaA METRO AG MLP AG MorphoSys AGa,b MTU Aero Engines AG Muenchener RueckversicherungsGesellschaft AG in Muenchen Registered Nemetschek SE Nordex SEa NORMA Group SE Osram Licht AG PATRIZIA Immobilien AGa Pfeiffer Vacuum Technology AG ProSiebenSat.1 Media SE Registered QIAGEN NVa Rational AG Rheinmetall AG RHOEN-KLINIKUM AG RTL Group SAa RWE AGa SAF-Holland SA Salzgitter AG SAP SE SGL Carbon SEa,b Siemens AG Registered Sixt SE Software AG STADA Arzneimittel AG STRATEC Biomedical AG Stroeer SE & Co. KGaAb Suedzucker AG Symrise AG TAG Immobilien AGb Takkt AG Telefonica Deutschland Holding AG ThyssenKrupp AG TLG Immobilien AG United Internet AG Registeredd

26,791 $ 2,907,409 103,209 9,701,525 140,536 4,466,718 61,415 239,443 21,014 1,051,788 42,177 3,981,496 132,883 16,881 53,503 27,446 72,287 37,267 8,969 174,997 174,467 3,019 32,285 31,772 30,982 396,786 51,914 32,988 789,916 40,601 635,505 11,605 44,080 47,573 5,690 22,238 66,700 101,080 80,434 25,876 565,919 290,791 61,650 104,895

Value

24,648,380 943,531 1,498,287 1,411,758 3,773,331 863,492 964,190 8,923,264 3,910,589 1,533,020 2,526,310 987,444 2,589,001 5,928,413 611,245 1,116,670 61,811,142 475,021 66,323,996 671,899 1,684,751 2,018,770 326,113 1,095,222 1,176,480 6,698,563 1,068,190 540,876 2,874,008 6,764,394 1,303,828 5,122,230

15

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BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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April 30, 2016 Security

Shares

Volkswagen AGb Vonovia SE Vossloh AGa Wacker Chemie AG Wacker Neuson SE Wincor Nixdorf AGa Wirecard AGb Zalando SEa,c zooplus AGa

29,174 $ 4,622,886 372,016 12,520,605 7,507 519,757 12,735 1,221,288 27,632 467,762 24,647 1,441,112 95,726 4,135,062 69,892 2,316,669 5,100 715,557 919,379,340

HONG KONG — 3.01% AIA Group Ltd. ASM Pacific Technology Ltd. Bank of East Asia Ltd. (The)b BOC Hong Kong Holdings Ltd. Brightoil Petroleum Holdings Ltd.b Cafe de Coral Holdings Ltd.b Cathay Pacific Airways Ltd. Champion REIT Cheung Kong Infrastructure Holdings Ltd.b Cheung Kong Property Holdings Ltd. China LNG Group Ltd.b Chow Sang Sang Holdings International Ltd.b Citic Telecom International Holdings Ltd. CK Hutchison Holdings Ltd. CK Life Sciences International Holdings Inc.b CLP Holdings Ltd. Dah Sing Banking Group Ltd.b Dah Sing Financial Holdings Ltd. Emperor International Holdings Ltd.b

16

Value

9,706,400 209,700 1,005,200 3,014,000 2,524,000 290,000 925,000 1,897,000

58,434,600 1,513,845 3,660,715 9,033,607 803,677 876,669 1,478,626 1,017,316

584,000 2,182,516 14,645,000

5,522,147 14,982,078 519,179

235,000 1,157,000 2,161,516

381,710 481,760 25,914,117

3,150,000 1,572,000 414,800 143,200 740,000

300,495 14,540,169 740,065 981,163 148,817

Security

Shares

Value

Emperor Watch & Jewellery Ltd.a 4,050,000 $ 92,933 Esprit Holdings Ltd.a,b 1,440,000 1,262,311 Far East Consortium International Ltd./HK 980,000 327,206 FIH Mobile Ltd. 2,466,000 1,058,601 First Pacific Co. Ltd./Hong Kong 1,980,250 1,255,973 G-Resources Group Ltd. 21,992,400 504,647 Galaxy Entertainment Group Ltd. 1,873,000 6,326,071 Giordano International Ltd. 1,072,000 485,062 Global Brands Group Holding Ltd.a 4,860,000 576,394 Great Eagle Holdings Ltd. 222,000 901,485 Guotai Junan International Holdings Ltd.b 2,111,000 707,549 Haier Healthwise Holdings Ltd.a,b 2,630,000 103,407 Haitong International Securities Group Ltd. 1,366,000 790,664 Hang Lung Properties Ltd. 1,808,000 3,607,982 Hang Seng Bank Ltd. 628,600 11,425,850 Henderson Land Development Co. Ltd. 943,480 5,898,878 HK Electric Investments & HK Electric Investments Ltd.c 2,475,500 2,227,478 HKBN Ltd. 820,500 1,011,187 HKT Trust & HKT Ltd. 2,153,200 3,119,936 Hong Kong & China Gas Co. Ltd. 5,935,449 11,079,423 Hong Kong Exchanges and Clearing Ltd. 918,000 23,230,470 Hongkong Land Holdings Ltd. 493,100 3,131,185 Hopewell Holdings Ltd. 449,000 1,516,501 Hsin Chong Group Holdings Ltd.b 2,020,000 210,927 Hutchison Telecommunications Hong Kong Holdings Ltd.b 1,186,000 415,861 Hybrid Kinetic Group Ltd.a,b 10,930,000 342,390 Hysan Development Co. Ltd. 503,000 2,227,357

ˆ200F9Gq$mBM!$2Q%YŠ 200F9Gq$mBM!$2Q%Y

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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Schedule of Investments

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April 30, 2016 Security

Johnson Electric Holdings Ltd. Kerry Logistics Network Ltd.b Kerry Properties Ltd. Kowloon Development Co. Ltd. Lai Sun Development Co. Ltd. Langham Hospitality Investments and Langham Hospitality Investments Ltd. Li & Fung Ltd.b Link REIT Luk Fook Holdings International Ltd.b Macau Legend Development Ltd.a,b Man Wah Holdings Ltd. Melco Crown Entertainment Ltd. ADRb Melco International Development Ltd.b MGM China Holdings Ltd. Midland Holdings Ltd.a MTR Corp. Ltd. New World Development Co. Ltd. Newocean Energy Holdings Ltd.b NWS Holdings Ltd. Orient Overseas International Ltd.b Pacific Basin Shipping Ltd.a,b Pacific Textiles Holdings Ltd.b PCCW Ltd. Power Assets Holdings Ltd. Prosperity REIT Regal REITb Sa Sa International Holdings Ltd.b Sands China Ltd.

Shares

Value

289,750 $ 857,237 503,500 710,087 1,532,293 562,000 289,000 278,300 166,421 11,129,000 925,500 4,732,000 1,819,500 283,000 2,289,750 597,600 75,426 692,000 756,400 522,000 1,178,000 4,325,000 680,000 1,276,166 172,000 1,858,000 611,000 3,319,000 1,168,500 1,183,000 699,000 948,000 1,942,000

309,009 2,934,167 11,059,329 645,736 312,888 697,965 1,116,305 794,838 1,062,853 166,212 5,831,382 4,315,410 232,300 1,944,552 655,211 313,770 787,655 2,250,547 11,139,403 460,561 179,319 290,858 6,959,676

Security Shangri-La Asia Ltd. Shun Tak Holdings Ltd. Singamas Container Holdings Ltd. Sino Land Co. Ltd. SITC International Holdings Co. Ltd.b SJM Holdings Ltd. SmarTone Telecommunications Holdings Ltd. SOCAM Development Ltd.a,b Sun Hung Kai Properties Ltd. Sunlight REIT Swire Pacific Ltd. Class A Swire Properties Ltd. Techtronic Industries Co. Ltd. Television Broadcasts Ltd. Texwinca Holdings Ltd. Town Health International Medical Group Ltd.b Truly International Holdings Ltd. United Laboratories International Holdings Ltd. (The)a Value Partners Group Ltd.b VTech Holdings Ltd.b WH Group Ltd.a,c Wharf Holdings Ltd. (The) Wheelock & Co. Ltd. Wynn Macau Ltd. Xinyi Glass Holdings Ltd.b Yue Yuen Industrial Holdings Ltd. IRELAND — 0.55% Bank of Irelanda C&C Group PLC CRH PLC Glanbia PLC Hibernia REIT PLC

Shares 958,000 $ 1,100,000 1,476,000 2,540,000 970,000 1,540,000

Value 1,171,998 367,272 157,928 4,001,289 525,189 1,036,302

327,500 258,000 1,399,000 847,000 463,500 953,000 1,105,500 56,900 600,000

542,090 128,381 17,683,178 446,583 5,039,992 2,481,643 4,154,247 212,719 584,747

3,178,000 1,430,000

598,138 560,408

502,000 753,000 140,100 4,818,500 1,102,000 746,000 1,273,200 1,644,000 611,500

209,674 723,180 1,448,463 3,900,915 5,980,792 3,462,074 1,821,858 1,125,360 2,230,889 343,768,076

22,053,882 249,931 658,929 140,132 542,491

6,693,741 1,122,991 19,146,839 2,641,832 800,910

17

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April 30, 2016 Security

Shares

Irish Continental Group PLC Kerry Group PLC Class A Kingspan Group PLC Origin Enterprises PLC Paddy Power Betfair PLC Ryanair Holdings PLC ADR Smurfit Kappa Group PLC

136,671 $ 806,161 129,017 11,506,815 3,244,777 123,174 102,612 723,024 8,757,139 65,321 2,374,911 29,338 194,108 5,146,742 62,965,882

ISRAEL — 0.76% Airport City Ltd.a,b Alony Hetz Properties & Investments Ltd. Azrieli Group Ltd. Bank Hapoalim BM Bank Leumi le-Israel BMa Bezeq The Israeli Telecommunication Corp. Ltd. Cellcom Israel Ltd.a Check Point Software Technologies Ltd.a,b Clal Insurance Enterprises Holdings Ltd.a Delek Automotive Systems Ltd. Delek Group Ltd. Elbit Systems Ltd. First International Bank of Israel Ltd. Frutarom Industries Ltd. Gazit-Globe Ltd.b Harel Insurance Investments & Financial Services Ltd. Israel Chemicals Ltd. Israel Corp. Ltd. (The) Israel Discount Bank Ltd. Class Aa,b Ituran Location and Control Ltd.b Melisron Ltd. Migdal Insurance & Financial Holding Ltd. Mizrahi Tefahot Bank Ltd. Mobileye NVa,b

18

Value

50,039 86,649 34,375 876,259 1,170,274

493,486 712,924 1,366,711 4,512,176 4,314,259

1,603,009 52,247 56,326 31,915 39,496 4,134 20,842 54,302 32,938 74,709

3,422,902 395,019 4,667,736 394,438 367,289 735,536 2,087,271 683,631 1,689,920 695,149

98,127 440,038 2,996 889,342 27,667 15,296 400,352 114,686 67,788

390,668 2,185,748 614,852 1,490,378 584,991 596,677 298,937 1,330,450 2,586,112

Security NICE-Systems Ltd. Oil Refineries Ltd.a,b Partner Communications Co. Ltd.a Paz Oil Co. Ltd. Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. Shikun & Binui Ltd.b Shufersal Ltd. Strauss Group Ltd. Taro Pharmaceutical Industries Ltd.a,b Teva Pharmaceutical Industries Ltd. Tower Semiconductor Ltd.a ITALY — 2.34% A2A SpA ACEA SpA Amplifon SpA Anima Holding SpAc Ansaldo STS SpA Assicurazioni Generali SpA Astaldi SpAb ASTM SpA Atlantia SpA Autogrill SpAa Azimut Holding SpA Banca Carige SpAa,b Banca Generali SpA Banca Mediolanum SpA Banca Monte dei Paschi di Siena SpAa,b Banca Popolare dell’Emilia Romagna SC Banca Popolare di Milano Scarl Banca Popolare di Sondrio Scarl Banco Popolare SC Beni Stabili SpA SIIQ Brembo SpA Buzzi Unicem SpAb

Shares

Value

47,687 $ 3,071,388 1,259,653 455,601 84,801 440,534 5,662 883,317 8,482 271,584 121,709 39,439 7,301 735,965 60,946

347,915 524,905 413,794 625,741 1,020,242 41,426,992 737,558 86,565,247

1,334,106 75,822 97,252 167,617 106,509 949,375 62,707 31,918 331,183 115,071 53,004 642,776 55,198 199,059 2,162,985 395,472 1,726,214 428,061 92,627 989,943 28,149 81,531

1,903,910 1,115,060 894,999 1,186,437 1,293,094 14,483,717 307,539 420,043 9,225,069 974,635 1,334,364 525,281 1,639,321 1,638,123 1,750,265 2,312,328 1,308,852 1,597,330 654,047 733,588 1,512,399 1,544,530

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April 30, 2016 Security

Cerved Information Solutions SpA CIR-Compagnie Industriali Riunite SpAa CNH Industrial NV Credito Emiliano SpA Credito Valtellinese SCa Danieli & C Officine Meccaniche SpA Danieli & C Officine Meccaniche SpA RSP Davide Campari-Milano SpA De’ Longhi SpA DiaSorin SpA Ei Towers SpA Enel SpA Eni SpA ERG SpA EXOR SpA Ferrari NVa,b Fiat Chrysler Automobiles NVb FinecoBank Banca Fineco SpA Finmeccanica SpAa Geox SpAa,b Hera SpA Industria Macchine Automatiche SpA Infrastrutture Wireless Italiane SpAa,c Interpump Group SpA Intesa Sanpaolo SpA Iren SpA Italcementi SpA Luxottica Group SpA MARR SpA Mediaset SpA Mediobanca SpA Moncler SpA OVS SpAa,c Piaggio & C SpAb Prysmian SpA Recordati SpA

Shares

Value

179,234 $ 1,442,131 383,266 478,481 5,944,656 774,665 84,696 611,626 900,958 1,155,099 287,767 13,120 29,174 474,485 2,397,284 248,287 48,525 1,117,675 1,170,067 20,031 17,205 1,008,934 6,298,298 28,552,030 2,034,012 33,081,094 58,669 762,680 3,581,269 95,329 100,605 4,530,760 5,863,256 730,269 1,514,194 188,593 1,909,989 151,188 355,008 110,148 735,521 2,212,217 806,149 13,828 205,600 1,054,026 958,771 66,595 10,267,719 28,459,505 650,929 1,204,049 1,845,764 155,553 138,061 7,522,153 699,507 34,369 632,836 2,848,536 3,797,557 462,109 1,870,034 115,305 99,342 648,553 458,009 206,873 164,045 3,868,631 2,055,463 80,875

Security Safilo Group SpAa,b Saipem SpAa Salini Impregilo SpA Salvatore Ferragamo SpA Saras SpAa Snam SpA Societa Cattolica di Assicurazioni Scrl Societa Iniziative Autostradali e Servizi SpA Telecom Italia SpA/Milanoa,b Tenaris SA Terna Rete Elettrica Nazionale SpA Tod’s SpAb Trevi Finanziaria Industriale SpAb UniCredit SpA Unione di Banche Italiane SpA Unipol Gruppo Finanziario SpA UnipolSai SpA Yoox Net-A-Porter Group SpAa JAPAN — 23.86% 77 Bank Ltd. (The) ABC-Mart Inc. Accordia Golf Co. Ltd. Acom Co. Ltd.a Activia Properties Inc. Adastria Co. Ltd. ADEKA Corp. Aderans Co. Ltd. Advance Residence Investment Corp. Advantest Corp. Aeon Co. Ltd. Aeon Delight Co. Ltd. AEON Financial Service Co. Ltd. Aeon Mall Co. Ltd. AEON REIT Investment Corp.

Shares

Value

26,529 $ 233,964 4,903,317 2,347,493 199,901 875,072 41,385 957,960 100,048 174,177 1,784,916 10,896,399 143,815 999,017 57,900 9,351,066 371,351 1,346,796 10,455 146,179 3,865,786 742,208 380,397 978,990 42,483

605,463 9,103,702 5,010,348 7,595,526 722,070 235,736 14,938,978 3,147,024 1,629,471 2,285,180 1,243,695 267,649,474

293,000 22,300 51,800 334,000 437 26,300 74,200 58,000 1,014 116,000 519,600 23,200 86,200 92,300 902

1,065,255 1,492,294 501,564 1,816,795 2,360,727 904,566 1,079,764 301,397 2,765,411 1,149,213 7,981,332 661,339 1,994,777 1,320,728 1,135,561

19

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April 30, 2016 Security

Ai Holdings Corp. Aica Kogyo Co. Ltd. Aichi Steel Corp. Aida Engineering Ltd. Aiful Corp.a,b Ain Holdings Inc. Air Water Inc. Aisin Seiki Co. Ltd. Ajinomoto Co. Inc. Akebono Brake Industry Co. Ltd.a,b Alfresa Holdings Corp. Alpine Electronics Inc. Alps Electric Co. Ltd. Amada Holdings Co. Ltd. Amano Corp. ANA Holdings Inc. Anritsu Corp. AOKI Holdings Inc. Aoyama Trading Co. Ltd. Aozora Bank Ltd. Arcs Co. Ltd. Ariake Japan Co. Ltd. Asahi Diamond Industrial Co. Ltd. Asahi Glass Co. Ltd. Asahi Group Holdings Ltd. Asahi Holdings Inc. Asahi Intecc Co. Ltd. Asahi Kasei Corp. Asatsu-DK Inc. ASICS Corp. ASKUL Corp. Astellas Pharma Inc. Atom Corp.b Autobacs Seven Co. Ltd. Avex Group Holdings Inc. Awa Bank Ltd. (The) Azbil Corp. Bandai Namco Holdings Inc. Bando Chemical Industries Ltd. Bank of Iwate Ltd. (The) Bank of Kyoto Ltd. (The)

20

Shares

Value

34,200 $ 1,011,664 50,000 1,161,737 416,421 95,000 58,100 551,704 898,495 249,700 893,369 17,900 133,000 2,070,919 6,159,409 152,200 475,300 11,349,984 338,287 127,000 145,800 2,913,411 542,809 42,300 2,763,811 148,600 270,700 2,815,918 881,099 52,200 855,000 2,461,236 765,717 124,700 418,384 35,000 1,366,980 35,500 3,131,801 857,000 32,800 789,689 992,009 17,400 63,600 658,618 4,555,344 751,000 308,700 10,124,102 27,900 385,925 2,054,619 41,400 1,012,000 7,185,536 748,319 29,200 128,800 2,661,590 752,727 18,600 1,700,400 23,790,820 72,500 448,572 971,541 55,000 34,500 443,362 915,575 174,000 51,200 1,354,710 3,050,890 139,500 538,913 109,000 14,400 556,512 1,971,457 282,000

Security

Shares

Value

Bank of Nagoya Ltd. (The) Bank of Saga Ltd. (The) Bank of the Ryukyus Ltd. Benesse Holdings Inc. BIC Camera Inc. BML Inc. Bridgestone Corp. Broadleaf Co. Ltd. Brother Industries Ltd. Calbee Inc. Calsonic Kansei Corp. Canon Electronics Inc. Canon Inc. Canon Marketing Japan Inc. Capcom Co. Ltd. Casio Computer Co. Ltd.b Cawachi Ltd. Central Glass Co. Ltd. Central Japan Railway Co. Century Tokyo Leasing Corp. Chiba Bank Ltd. (The) Chiyoda Co. Ltd. Chiyoda Corp. Chofu Seisakusho Co. Ltd. Chubu Electric Power Co. Inc. Chugai Pharmaceutical Co. Ltd. Chugoku Bank Ltd. (The) Chugoku Electric Power Co. Inc. (The) Ci:z Holdings Co. Ltd. Citizen Holdings Co. Ltd. CKD Corp. Coca-Cola East Japan Co. Ltd. Coca-Cola West Co. Ltd. Cocokara fine Inc. COLOPL Inc. Colowide Co. Ltd. Comforia Residential REIT Inc. COMSYS Holdings Corp.

149,000 $ 509,687 112,000 231,338 39,900 474,720 47,600 1,381,354 72,500 732,487 12,400 538,324 520,400 20,019,313 31,700 322,348 190,600 2,274,837 59,800 2,417,262 135,000 967,755 17,600 263,354 853,600 24,827,358 34,300 632,816 40,400 956,807 163,500 3,231,950 21,900 524,396 174,000 1,003,393 115,500 20,979,882 36,800 1,298,378 556,000 2,930,829 25,900 683,840 139,000 1,099,061 14,700 351,580 527,500 7,151,164 184,500 6,483,667 141,100 1,513,929 247,000 3,291,948 23,100 480,157 220,300 1,284,800 58,800 502,296 50,900 960,009 58,000 1,620,823 15,600 720,987 41,600 851,868 55,300 918,436 419 955,913 84,000 1,300,098

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April 30, 2016 Security

Concordia Financial Group Ltd.a COOKPAD Inc.b Cosel Co. Ltd. Cosmo Energy Holdings Co. Ltd. Cosmos Pharmaceutical Corp.b Create SD Holdings Co. Ltd. Credit Saison Co. Ltd. CyberAgent Inc. Dai Nippon Printing Co. Ltd. Dai-ichi Life Insurance Co. Ltd. (The) Daibiru Corp. Daicel Corp. Daido Steel Co. Ltd. Daifuku Co. Ltd. Daihatsu Motor Co. Ltd. Daihen Corp. Daiichi Sankyo Co. Ltd. Daiichikosho Co. Ltd. Daikin Industries Ltd. Daikyo Inc. Daio Paper Corp.b Daiseki Co. Ltd. Daishi Bank Ltd. (The) Daito Trust Construction Co. Ltd. Daiwa House Industry Co. Ltd. Daiwa House REIT Investment Corp. Daiwa House Residential Investment Corp. Daiwa Office Investment Corp. Daiwa Securities Group Inc. Daiwabo Holdings Co. Ltd. DCM Holdings Co. Ltd. Dena Co. Ltd. Denka Co. Ltd. Denso Corp. Dentsu Inc.

Shares

Value

944,300 $ 4,522,261 43,200 644,800 429,020 42,900 54,900 719,891 1,296,790 7,500 672,466 27,100 110,500 2,104,762 1,880,836 38,700 412,000 4,008,524 870,700 11,140,598 42,100 380,885 3,067,854 237,000 770,438 221,000 71,600 1,334,365 2,074,863 148,000 95,000 492,780 512,100 12,448,919 1,541,007 36,000 188,100 15,618,304 490,191 298,000 65,200 664,827 788,613 41,200 243,000 872,116 8,327,141 57,500 483,100 13,378,432 265 1,429,085 1,355,632 549 261 1,692,920 7,990,304 1,323,000 255,000 512,407 588,434 76,500 1,560,955 89,600 371,000 1,615,833 389,200 15,463,238 175,200 9,284,396

Security

Shares

Value

DIC Corp. Digital Garage Inc. Disco Corp. DMG Mori Co. Ltd. Don Quijote Holdings Co. Ltd. Doshisha Co. Ltd. Doutor Nichires Holdings Co. Ltd. Dowa Holdings Co. Ltd. DTS Corp. Duskin Co. Ltd. Earth Chemical Co. Ltd. East Japan Railway Co. Ebara Corp. EDION Corp.b Eighteenth Bank Ltd. (The) Eisai Co. Ltd. Eizo Corp. Electric Power Development Co. Ltd. Enplas Corp. EPS Holdings Inc. Euglena Co. Ltd.a,b Exedy Corp. Ezaki Glico Co. Ltd. FamilyMart Co. Ltd. Fancl Corp. FANUC Corp. Fast Retailing Co. Ltd. FCC Co. Ltd. Fields Corp.b Foster Electric Co. Ltd. FP Corp. France Bed Holdings Co. Ltd. Frontier Real Estate Investment Corp. Fuji Co. Ltd./Ehime Fuji Electric Co. Ltd. Fuji Heavy Industries Ltd. Fuji Kyuko Co. Ltd. Fuji Machine Manufacturing Co. Ltd.

688,000 $ 1,652,563 36,500 747,091 21,500 1,900,930 85,400 1,017,664 93,400 3,469,928 24,800 479,103 25,300 450,219 221,000 1,443,796 28,100 575,158 39,300 735,716 14,600 622,917 266,600 24,478,512 359,000 1,694,425 66,400 550,463 110,000 268,330 202,700 12,948,778 18,700 482,727 121,300 3,758,208 13,500 393,663 32,400 419,100 59,500 865,293 27,300 662,375 35,200 1,839,039 47,300 2,559,624 43,400 592,620 156,700 24,172,471 42,700 11,647,269 28,800 501,466 18,400 281,516 22,900 497,617 21,000 948,970 46,200 431,364 354 1,799,860 18,800 428,906 477,000 2,117,622 479,800 16,663,739 50,000 682,275 57,700 619,091

21

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iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016 Security

Fuji Oil Holdings Inc. Fuji Seal International Inc. Fuji Soft Inc. FUJIFILM Holdings Corp. Fujikura Ltd. Fujimi Inc. Fujitec Co. Ltd. Fujitsu General Ltd. Fujitsu Ltd. Fujiya Co. Ltd.a Fukuoka Financial Group Inc. Fukuoka REIT Corp. Fukuyama Transporting Co. Ltd. Funai Electric Co. Ltd.a,b Furukawa Co. Ltd. Furukawa Electric Co. Ltd. Futaba Corp. Fuyo General Lease Co. Ltd. Geo Holdings Corp. Global One Real Estate Investment Corp. Glory Ltd. GLP J-REIT GMO Internet Inc. GMO Payment Gateway Inc.b Goldcrest Co. Ltd. Gree Inc. GS Yuasa Corp. GungHo Online Entertainment Inc.b Gunma Bank Ltd. (The) Gunze Ltd. H2O Retailing Corp. Hachijuni Bank Ltd. (The) Hakuhodo DY Holdings Inc. Hamamatsu Photonics KK Hankyu Hanshin Holdings Inc. Hankyu REIT Inc. Hanwa Co. Ltd. Haseko Corp.

22

Shares

Value

50,700 $ 968,084 21,200 746,988 526,795 22,600 372,300 15,898,301 1,192,626 235,000 309,656 22,600 66,200 680,593 841,208 47,000 1,493,000 5,453,193 431,936 237,000 612,000 2,162,120 1,083,729 588 448,507 86,000 30,600 264,545 537,193 357,000 574,000 1,443,114 577,280 36,700 622,814 14,300 657,569 38,700 671,433 160 48,400 1,642,058 2,233,904 1,819 70,000 860,321 981,775 14,900 336,061 22,700 121,000 695,500 1,442,684 340,000 366,000 985,168 1,263,723 308,000 165,000 470,349 1,138,604 66,900 1,523,968 336,200 196,600 2,311,536 3,272,559 113,500 901,000 5,852,563 658,775 516 148,000 684,705 2,083,948 218,600

Security Hazama Ando Corp. Heiwa Corp. Heiwa Real Estate Co. Ltd. Heiwa Real Estate REIT Inc. Heiwado Co. Ltd. Hibiya Engineering Ltd. Hikari Tsushin Inc. Hino Motors Ltd. Hirose Electric Co. Ltd. Hiroshima Bank Ltd. (The) HIS Co. Ltd. Hisamitsu Pharmaceutical Co. Inc. Hitachi Capital Corp. Hitachi Chemical Co. Ltd. Hitachi Construction Machinery Co. Ltd. Hitachi High-Technologies Corp. Hitachi Koki Co. Ltd. Hitachi Kokusai Electric Inc. Hitachi Ltd. Hitachi Maxell Ltd. Hitachi Metals Ltd. Hitachi Transport System Ltd. Hitachi Zosen Corp. Hogy Medical Co. Ltd. Hokkaido Electric Power Co. Inc. Hokkoku Bank Ltd. (The) Hokuetsu Bank Ltd. (The) Hokuetsu Kishu Paper Co. Ltd. Hokuhoku Financial Group Inc. Hokuriku Electric Power Co. Hokuto Corp. Honda Motor Co. Ltd. HORIBA Ltd. Hoshino Resorts REIT Inc. Hoshizaki Electric Co. Ltd. Hosiden Corp. House Foods Group Inc.

Shares

Value

150,600 $ 755,850 45,600 982,364 44,200 568,843 871 733,465 27,900 590,360 17,700 254,594 15,200 1,170,597 211,400 2,137,808 24,000 3,030,422 414,000 1,555,475 35,000 891,397 48,000 2,346,278 40,600 909,179 84,200 1,476,323 82,600 1,364,894 55,200 1,558,054 54,800 384,642 46,000 503,874 3,866,000 18,629,932 30,000 465,162 164,000 1,747,371 37,800 654,995 152,100 798,918 11,700 661,573 172,300 1,613,576 238,000 689,565 231,000 408,047 110,700 720,101 998,000 1,305,855 141,000 1,892,387 24,200 481,308 1,313,800 36,745,142 31,700 1,241,394 74 908,790 33,800 2,928,417 67,600 441,632 46,600 918,106

ˆ200F9Gq$mBMwGc0Z(Š 200F9Gq$mBMwGc0Z(

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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Schedule of Investments

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iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016 Security

Hoya Corp. Hulic Co. Ltd. Hulic Reit Inc. Hyakugo Bank Ltd. (The) Hyakujushi Bank Ltd. (The) Ibiden Co. Ltd. IBJ Leasing Co. Ltd. Ichibanya Co. Ltd. Ichigo Inc. Ichigo Office REIT Investment Idec Corp./Japan Idemitsu Kosan Co. Ltd. Ihara Chemical Industry Co. Ltd. IHI Corp. Iida Group Holdings Co. Ltd. Iino Kaiun Kaisha Ltd. Inaba Denki Sangyo Co. Ltd. Inabata & Co. Ltd. Industrial & Infrastructure Fund Investment Corp. INPEX Corp. Internet Initiative Japan Inc. Invincible Investment Corp. Iriso Electronics Co. Ltd. Iseki & Co. Ltd.b Isetan Mitsukoshi Holdings Ltd. Ishihara Sangyo Kaisha Ltd.a Isuzu Motors Ltd. IT Holdings Corp. Ito EN Ltd. ITOCHU Corp. ITOCHU Enex Co. Ltd. Itochu Techno-Solutions Corp. Itoham Yonekyu Holdings Inc.a Iwatani Corp. Iyo Bank Ltd. (The) Izumi Co. Ltd.

Shares

Value

336,100 $13,384,944 237,700 2,443,759 1,454,083 836 207,000 791,280 580,700 196,000 1,120,464 86,000 29,000 516,604 507,248 7,900 165,900 745,810 692,174 888 63,000 595,289 1,534,775 69,700 406,866 30,700 1,128,000 2,582,924 2,278,710 116,600 108,600 440,510 728,431 22,300 438,077 43,400 262 743,200 32,700 2,507 9,500 326,000 281,700 625,000 472,100 59,800 51,900 1,259,600 51,100 41,300 107,300 158,000 215,900 31,100

1,334,548 6,169,543 661,977 1,926,028 474,134 712,968 3,117,275 443,946 5,274,971 1,468,242 1,629,833 16,658,106 431,266 833,759 811,306 950,998 1,477,067 1,246,965

Security

Shares

Value

J Front Retailing Co. Ltd. J Trust Co. Ltd. J-Oil Mills Inc. Jaccs Co. Ltd. Jafco Co. Ltd. Japan Airlines Co. Ltd. Japan Airport Terminal Co. Ltd.b Japan Aviation Electronics Industry Ltd. Japan Communications Inc.a,b Japan Display Inc.a,b Japan Excellent Inc. Japan Exchange Group Inc. Japan Hotel REIT Investment Corp. Japan Logistics Fund Inc. Japan Petroleum Exploration Co. Ltd. Japan Post Bank Co. Ltd. Japan Post Holdings Co. Ltd. Japan Prime Realty Investment Corp. Japan Pulp & Paper Co. Ltd. Japan Real Estate Investment Corp. Japan Rental Housing Investments Inc. Japan Retail Fund Investment Corp. Japan Securities Finance Co. Ltd. Japan Steel Works Ltd. (The) Japan Tobacco Inc. JFE Holdings Inc. JGC Corp. Joyo Bank Ltd. (The) JSP Corp. JSR Corp. JTEKT Corp. Juroku Bank Ltd. (The)

194,400 $ 2,436,473 74,600 578,003 98,000 320,576 154,000 626,104 31,500 915,604 93,000 3,435,946 35,500 1,332,142 51,000 715,463 185,900 357,918 330,600 667,411 967 1,384,592 448,500 7,025,431 2,673 2,448,283 723 1,615,676 31,800 763,533 317,400 3,989,934 355,200 4,929,875 687 3,072,382 46,000 138,436 1,044 6,576,532 1,218 964,200 2,032 5,053,649 107,700 433,840 288,000 1,154,746 881,000 37,300,154 384,300 5,673,180 168,000 2,958,194 467,000 1,689,135 18,300 323,600 145,300 2,065,529 166,900 2,232,197 272,000 828,749

23

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Schedule of Investments

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For personal use only

April 30, 2016 Security

JVC Kenwood Corp. JX Holdings Inc. K’s Holdings Corp. kabu.com Securities Co. Ltd. Kadokawa Dwangoa Kagome Co. Ltd.b Kajima Corp. Kakaku.com Inc. Kaken Pharmaceutical Co. Ltd. Kamigumi Co. Ltd. Kanamoto Co. Ltd. Kaneka Corp. Kanematsu Corp. Kansai Electric Power Co. Inc. (The)a Kansai Paint Co. Ltd. Kansai Urban Banking Corp. Kao Corp. Kappa Create Co. Ltd.b Kato Sangyo Co. Ltd. Kato Works Co. Ltd. Kawasaki Heavy Industries Ltd. Kawasaki Kisen Kaisha Ltd.b KDDI Corp. Keihan Holdings Co. Ltd. Keihin Corp. Keikyu Corp. Keio Corp. Keisei Electric Railway Co. Ltd. Keiyo Bank Ltd. (The) Kenedix Inc.b Kenedix Office Investment Corp. Kenedix Residential Investment Corp. Kenedix Retail REIT Corp. Kewpie Corp. KEY Coffee Inc. Keyence Corp.

24

Shares

Value

165,300 $ 427,946 1,778,000 7,820,242 1,143,086 33,100 178,600 592,579 711,106 48,400 1,337,205 61,300 689,000 4,411,094 2,272,499 122,000 27,800 1,577,139 1,678,957 180,000 24,200 638,955 1,959,905 225,000 538,483 345,000 570,500 5,210,455 3,470,353 191,200 25,900 253,687 403,300 23,053,253 344,770 29,300 534,032 21,100 509,631 128,000 1,137,000 3,358,026 1,484,443 673,000 1,402,300 41,533,611 3,094,126 418,000 615,090 40,400 360,000 3,341,091 4,152,157 458,000 220,000 3,131,548 783,541 207,000 195,800 869,246 2,000,047 337 880,639 312 529 1,411,557 2,134,576 79,000 28,300 485,619 36,700 23,036,329

Security Kikkoman Corp. Kinden Corp. Kintetsu Group Holdings Co. Ltd. Kintetsu World Express Inc. Kirin Holdings Co. Ltd. Kisoji Co. Ltd. Kissei Pharmaceutical Co. Ltd. Kitz Corp. Kiyo Bank Ltd. (The) Koa Corp. Kobayashi Pharmaceutical Co. Ltd. Kobe Steel Ltd. Koei Tecmo Holdings Co. Ltd. Kohnan Shoji Co. Ltd. Koito Manufacturing Co. Ltd. Kokuyo Co. Ltd. Komatsu Ltd. Komeri Co. Ltd. Komori Corp. Konami Holdings Corp. Konica Minolta Inc. Konishi Co. Ltd. Kose Corp. Kubota Corp. Kumagai Gumi Co. Ltd. Kurabo Industries Ltd. Kuraray Co. Ltd. Kureha Corp. Kurita Water Industries Ltd. Kuroda Electric Co. Ltd. KYB Corp. Kyocera Corp. Kyoei Steel Ltd. Kyokuto Kaihatsu Kogyo Co. Ltd. KYORIN Holdings Inc. Kyoritsu Maintenance Co. Ltd. Kyowa Exeo Corp. Kyowa Hakko Kirin Co. Ltd.

Shares

Value

118,000 $ 3,898,593 115,000 1,384,364 1,418,000 5,963,830 43,300 588,422 652,400 9,704,141 25,700 551,735 23,800 567,890 73,700 306,524 64,600 804,821 39,300 284,663 20,900 1,722,866 2,389,000 2,411,440 40,200 649,242 31,400 551,727 83,700 3,786,233 71,200 963,574 744,500 13,265,940 26,700 687,245 44,800 547,674 76,400 2,452,769 360,100 3,257,879 40,600 522,133 25,000 2,397,308 903,000 14,005,594 335,000 933,034 211,000 384,551 285,000 3,745,128 126,000 443,965 87,800 2,168,023 33,000 524,015 152,000 528,473 257,600 13,176,735 15,800 249,711 50,400 516,742 40,200 820,569 9,900 782,784 75,200 879,951 187,000 3,467,527

ˆ200F9Gq$mBMwxooZÁŠ 200F9Gq$mBMwxooZ`

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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Schedule of Investments

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iSHARES® CORE MSCI EAFE ETF

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April 30, 2016 Security

Kyushu Electric Power Co. Inc. Kyushu Financial Group Inc. Laox Co. Ltd.a,b Lawson Inc. Leopalace21 Corp. Lintec Corp. Lion Corp. LIXIL Group Corp. M3 Inc. Mabuchi Motor Co. Ltd. Maeda Corp. Maeda Road Construction Co. Ltd. Makino Milling Machine Co. Ltd. Makita Corp. Mandom Corp. Mani Inc. Mars Engineering Corp. Marubeni Corp. Marudai Food Co. Ltd. Maruha Nichiro Corp. Marui Group Co. Ltd. Maruichi Steel Tube Ltd. Maruwa Co. Ltd./Aichi Matsui Securities Co. Ltd. Matsumotokiyoshi Holdings Co. Ltd. Matsuya Co. Ltd.b Mazda Motor Corp. McDonald’s Holdings Co. Japan Ltd.b MCUBS MidCity Investment Corp. Medipal Holdings Corp. Megachips Corp.b MEGMILK SNOW BRAND Co. Ltd. Meidensha Corp. MEIJI Holdings Co. Ltd. Meitec Corp. Melco Holdings Inc. Micronics Japan Co. Ltd.b Milbon Co. Ltd.

Shares

Value

348,500 $3,621,964 288,300 1,568,210 259,162 237,000 52,200 4,146,923 203,700 1,269,853 727,929 36,600 172,000 2,166,980 216,000 4,647,245 158,000 4,444,881 40,600 2,132,548 109,000 850,647 987,233 53,000 668,723 106,000 95,100 6,150,680 777,289 16,700 26,700 449,679 216,160 11,800 1,292,700 7,081,186 399,738 94,000 859,902 37,800 175,700 2,780,131 930,043 31,000 16,700 488,537 941,465 105,700 29,100 1,482,266 39,600 323,477 431,300 7,032,131 51,700 1,289,178 711,024 209 117,900 1,938,278 475,256 45,000 854,956 36,000 162,000 699,509 98,500 7,898,780 28,300 1,015,674 349,528 17,100 32,400 301,001 523,244 11,700

Security Minato Bank Ltd. (The) Minebea Co. Ltd. Miraca Holdings Inc. MIRAIT Holdings Corp. Misawa Homes Co. Ltd. MISUMI Group Inc. Mitsuba Corp. Mitsubishi Chemical Holdings Corp. Mitsubishi Corp. Mitsubishi Electric Corp. Mitsubishi Estate Co. Ltd. Mitsubishi Gas Chemical Co. Inc. Mitsubishi Heavy Industries Ltd. Mitsubishi Logistics Corp. Mitsubishi Materials Corp. Mitsubishi Motors Corp. Mitsubishi Paper Mills Ltd.a Mitsubishi Pencil Co. Ltd. Mitsubishi Shokuhin Co. Ltd. Mitsubishi Steel Manufacturing Co. Ltd. Mitsubishi Tanabe Pharma Corp. Mitsubishi UFJ Financial Group Inc. Mitsubishi UFJ Lease & Finance Co. Ltd. Mitsui & Co. Ltd. Mitsui Chemicals Inc. Mitsui Engineering & Shipbuilding Co. Ltd. Mitsui Fudosan Co. Ltd. Mitsui Mining & Smelting Co. Ltd. Mitsui OSK Lines Ltd. Mitsui Sugar Co. Ltd. Mitsui-Soko Holdings Co. Ltd. Mitsumi Electric Co. Ltd. Miura Co. Ltd. Mixi Inc.

Shares

Value

136,000 $ 199,561 265,000 2,276,134 45,900 2,018,407 63,000 569,971 52,000 369,363 210,800 3,061,668 35,700 532,856 1,077,300 5,857,967 1,079,100 18,789,320 1,558,000 17,444,591 1,000,000 19,823,356 305,000 1,730,314 2,428,000 9,020,328 88,000 1,247,684 866,000 2,857,124 503,700 2,113,756 797,000 618,263 17,700 875,116 11,100 291,933 188,000 321,548 179,500 3,293,224 10,263,800 49,892,073 392,260 1,781,750 1,349,200 16,916,228 656,000 2,280,779 653,000 1,055,834 754,000 19,203,234 554,000 1,076,985 859,000 1,902,734 121,000 556,400 174,000 479,742 92,500 468,573 72,900 1,404,242 36,600 1,293,032

25

ˆ200F9Gq$mBMxGheZ]Š 200F9Gq$mBMxGheZ]

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Schedule of Investments

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For personal use only

April 30, 2016 Security

Miyazaki Bank Ltd. (The) Mizuho Financial Group Inc. Modec Inc. Monex Group Inc. MonotaRO Co. Ltd. Mori Hills REIT Investment Corp. MORI TRUST Sogo REIT Inc. Morinaga & Co. Ltd./Japan Morinaga Milk Industry Co. Ltd. Morita Holdings Corp. MOS Food Services Inc. MS&AD Insurance Group Holdings Inc. Murata Manufacturing Co. Ltd. Murata Manufacturing Co. Ltd. Newa Musashi Seimitsu Industry Co. Ltd. Musashino Bank Ltd. (The) Nabtesco Corp. Nachi-Fujikoshi Corp. Nagaileben Co. Ltd. Nagase & Co. Ltd. Nagoya Railroad Co. Ltd. Nakanishi Inc. Nankai Electric Railway Co. Ltd. Nanto Bank Ltd. (The) NEC Corp. NEC Networks & System Integration Corp. NET One Systems Co. Ltd. Nexon Co. Ltd. NGK Insulators Ltd. NGK Spark Plug Co. Ltd. NH Foods Ltd. NHK Spring Co. Ltd. Nichi-Iko Pharmaceutical Co. Ltd. Nichicon Corp. Nichiha Corp.

26

Shares

Value

141,000 $ 366,354 18,822,400 29,519,124 245,783 15,700 215,300 575,502 1,621,136 51,700 1,872,835 1,240 765 1,511,482 861,956 175,000 165,000 886,724 456,317 37,100 25,900 700,543 410,400 11,386,255 161,900 22,387,126 92,000 355,119 482,666 24,200 27,200 712,826 2,332,315 99,500 627,562 186,000 491,065 23,300 837,516 72,500 692,000 3,570,111 540,306 16,400 428,000 2,324,109 499,621 173,000 5,243,796 2,078,000 27,700 441,150 595,643 112,400 105,900 1,646,970 4,563,335 211,000 142,800 3,004,279 3,180,896 140,000 1,221,038 132,500 39,500 975,363 407,879 58,500 27,900 440,423

Security

Shares

Value

Nichii Gakkan Co.b Nichirei Corp. Nidec Corp. Nifco Inc./Japan Nihon Kohden Corp. Nihon M&A Center Inc. Nihon Parkerizing Co. Ltd. Nihon Unisys Ltd. Nikkon Holdings Co. Ltd. Nikon Corp. Nintendo Co. Ltd. Nippo Corp. Nippon Accommodations Fund Inc. Nippon Building Fund Inc. Nippon Coke & Engineering Co. Ltd. Nippon Denko Co. Ltd. Nippon Electric Glass Co. Ltd. Nippon Express Co. Ltd. Nippon Flour Mills Co. Ltd. Nippon Gas Co. Ltd. Nippon Kayaku Co. Ltd. Nippon Light Metal Holdings Co. Ltd. Nippon Paint Holdings Co. Ltd. Nippon Paper Industries Co. Ltd. Nippon Prologis REIT Inc. NIPPON REIT Investment Corp. Nippon Road Co. Ltd. (The) Nippon Seiki Co. Ltd. Nippon Sharyo Ltd.a,b Nippon Sheet Glass Co. Ltd.a Nippon Shinyaku Co. Ltd. Nippon Shokubai Co. Ltd. Nippon Signal Co. Ltd. Nippon Soda Co. Ltd. Nippon Steel & Sumikin Bussan Corp.

46,900 $ 359,876 200,000 1,794,476 180,400 13,800,402 37,600 1,862,517 60,600 1,579,638 28,300 1,676,919 84,500 776,331 56,900 714,740 47,300 915,099 265,400 3,996,069 85,400 12,096,238 48,000 809,309 367 1,574,401 1,133 7,264,246 547,600 409,440 162,000 267,994 313,000 1,711,342 659,000 3,135,016 107,000 843,039 32,700 786,976 131,000 1,458,208 418,200 758,267 119,900 3,308,050 74,800 1,472,301 1,268 3,088,376 338 898,427 98,000 466,209 35,000 685,967 129,000 318,295 769,000 618,104 40,000 1,867,377 22,100 1,195,934 60,700 524,200 117,000 636,422 140,720 511,613

ˆ200F9Gq$mBMxeRB%&Š 200F9Gq$mBMxeRB%&

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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For personal use only

April 30, 2016 Security

Nippon Steel & Sumitomo Metal Corp. Nippon Suisan Kaisha Ltd. Nippon Telegraph & Telephone Corp. Nippon Thompson Co. Ltd. Nippon Yakin Kogyo Co. Ltd.a,b Nippon Yusen KK Nipro Corp. Nishi-Nippon City Bank Ltd. (The) Nishi-Nippon Railroad Co. Ltd. Nishimatsu Construction Co. Ltd. Nishimatsuya Chain Co. Ltd. Nissan Chemical Industries Ltd. Nissan Motor Co. Ltd. Nissan Shatai Co. Ltd. Nissha Printing Co. Ltd. Nisshin OilliO Group Ltd. (The) Nisshin Seifun Group Inc. Nisshin Steel Co. Ltd. Nisshinbo Holdings Inc. Nissin Foods Holdings Co. Ltd. Nissin Kogyo Co. Ltd. Nitori Holdings Co. Ltd. Nitta Corp. Nitto Boseki Co. Ltd.a Nitto Denko Corp. Nitto Kogyo Corp. Noevir Holdings Co. Ltd. NOF Corp. NOK Corp. Nomura Co. Ltd. Nomura Holdings Inc. Nomura Real Estate Holdings Inc. Nomura Real Estate Master Fund Inc.

Shares

Value

600,400 $13,125,245 194,400 1,104,680 555,400 25,248,522 94,000 352,297 506,440 373,700 2,585,868 1,275,000 94,400 947,573 960,793 514,000 287,000 1,789,140 1,041,021 234,000 51,600 602,350 2,624,609 95,000 1,970,800 18,419,552 64,800 662,566 473,660 28,600 132,000 569,971 2,942,427 175,000 1,055,623 75,600 1,287,270 114,300 2,440,413 51,400 35,300 501,481 5,726,324 59,600 17,400 441,200 447,498 140,000 7,452,270 132,100 29,600 489,391 510,753 17,600 130,000 1,055,844 1,332,421 76,400 41,700 723,353 2,896,600 12,964,921 1,853,844 98,000 2,929 4,651,031

Security Nomura Research Institute Ltd. Noritake Co. Ltd./Nagoya Japan Noritz Corp. North Pacific Bank Ltd. NS Solutions Corp. NSD Co. Ltd. NSK Ltd. NTN Corp. NTT Data Corp. NTT DOCOMO Inc. NTT Urban Development Corp. Obara Group Inc. Obayashi Corp. OBIC Business Consultants Co. Ltd. Obic Co. Ltd. Odakyu Electric Railway Co. Ltd. Ogaki Kyoritsu Bank Ltd. (The) Ohsho Food Service Corp. Oiles Corp. Oita Bank Ltd. (The) Oji Holdings Corp. Okabe Co. Ltd. Okamoto Industries Inc. Okasan Securities Group Inc. Oki Electric Industry Co. Ltd. Okinawa Electric Power Co. Inc. (The) OKUMA Corp. Okumura Corp. Olympus Corp. Omron Corp. Ono Pharmaceutical Co. Ltd. Onward Holdings Co. Ltd. Oracle Corp. Japan Orient Corp.a Oriental Land Co. Ltd./Japan

Shares

Value

101,200 $ 3,679,312 129,000 291,771 26,600 456,447 301,200 791,039 32,600 586,523 43,100 694,466 373,700 3,443,789 362,000 1,184,167 101,400 5,439,843 1,145,700 27,808,616 81,000 790,355 12,200 460,657 529,000 5,344,633 11,600 502,509 52,600 2,856,264 500,000 5,575,027 239,000 759,475 11,000 355,204 27,700 461,602 154,000 482,172 629,000 2,663,087 53,100 402,983 65,000 495,117 169,000 930,333 748,000 1,083,602 27,700 719,716 111,000 912,940 139,000 750,895 219,900 8,930,001 156,200 5,197,177 333,400 15,511,615 81,000 569,298 32,900 1,817,272 343,300 715,509 161,000 11,436,048

27

ˆ200F9Gq$mBMx@J0%fŠ 200F9Gq$mBMx@J0%f

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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Schedule of Investments

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iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016 Security

ORIX Corp. Orix JREIT Inc. Osaka Gas Co. Ltd. OSAKA Titanium Technologies Co. Ltd.b OSG Corp. Otsuka Corp. Otsuka Holdings Co. Ltd. Oyo Corp. Pacific Metals Co. Ltd.a,b Pack Corp. (The) Pal Co. Ltd. PALTAC Corp. Panasonic Corp. Paramount Bed Holdings Co. Ltd. Park24 Co. Ltd. Penta-Ocean Construction Co. Ltd. PeptiDream Inc.a,b Pigeon Corp. Pilot Corp. Pioneer Corp.a Plenus Co. Ltd. Pola Orbis Holdings Inc. Premier Investment Corp. Press Kogyo Co. Ltd. Prima Meat Packers Ltd. Proto Corp. Raito Kogyo Co. Ltd. Rakuten Inc. Recruit Holdings Co. Ltd. Relia Inc. Relo Holdings Inc. Rengo Co. Ltd. Resona Holdings Inc. Resorttrust Inc. Ricoh Co. Ltd. Ricoh Leasing Co. Ltd. Riken Corp. Ringer Hut Co. Ltd. Rinnai Corp. Riso Kagaku Corp. Rohm Co. Ltd. Rohto Pharmaceutical Co. Ltd.

28

Shares

Value

1,059,400 $15,708,567 1,793 3,023,106 5,777,975 1,558,000 21,500 303,024 1,185,925 62,200 2,222,571 44,700 315,000 12,647,694 317,667 29,100 180,000 590,495 513,613 21,300 13,000 326,959 551,953 30,100 1,770,700 16,456,695 19,400 745,212 2,246,100 77,900 264,300 1,225,224 1,402,832 23,600 2,304,984 84,200 1,193,934 29,000 723,032 259,600 21,000 392,149 1,503,407 18,300 1,081 1,394,252 483,724 136,200 458,769 162,000 12,400 164,568 532,324 49,100 771,000 8,794,855 3,692,841 115,700 53,200 568,322 1,211,973 9,100 883,069 158,000 1,751,300 6,435,919 1,241,956 57,700 549,400 5,822,885 436,212 14,700 120,000 399,271 530,837 24,900 2,684,593 29,400 20,700 332,376 3,443,899 75,200 79,200 1,400,499

Security

Shares

Value

Round One Corp. Royal Holdings Co. Ltd. Ryobi Ltd. Ryohin Keikaku Co. Ltd. Ryosan Co. Ltd. Ryoyo Electro Corp. Saizeriya Co. Ltd. Sakai Chemical Industry Co. Ltd. Sakata Seed Corp. San-A Co. Ltd. San-in Godo Bank Ltd. (The) Sanden Holdings Corp. Sangetsu Co. Ltd. Sanken Electric Co. Ltd. Sankyo Co. Ltd. Sankyo Tateyama Inc. Sankyu Inc. Sanrio Co. Ltd.b Santen Pharmaceutical Co. Ltd. Sanwa Holdings Corp. Sanyo Shokai Ltd. Sanyo Special Steel Co. Ltd. Sapporo Holdings Ltd. Sato Holdings Corp. Sawada Holdings Co. Ltd. Sawai Pharmaceutical Co. Ltd. SBI Holdings Inc./Japan SCREEN Holdings Co. Ltd. SCSK Corp. Secom Co. Ltd. Sega Sammy Holdings Inc. Seibu Holdings Inc. Seikagaku Corp. Seiko Epson Corp. Seiko Holdings Corp. Seino Holdings Co. Ltd. Seiren Co. Ltd. Sekisui Chemical Co. Ltd. Sekisui House Ltd. Sekisui House Reit Inc.

76,400 $ 457,707 28,800 562,838 122,000 464,078 19,300 4,450,030 28,200 702,397 36,600 451,535 25,800 466,351 137,000 389,252 30,300 784,155 14,600 691,827 120,800 808,382 163,000 502,734 41,400 766,129 132,000 457,704 35,900 1,399,159 28,700 406,111 230,000 1,111,360 40,300 815,831 305,600 4,558,508 182,800 1,465,885 150,000 368,709 84,000 394,897 278,000 1,530,371 23,600 505,769 19,800 199,490 25,900 1,713,837 169,800 1,844,082 162,000 1,314,230 40,200 1,508,510 169,800 13,402,131 147,700 1,659,287 96,500 2,106,865 31,300 495,558 219,500 3,787,065 122,000 475,480 111,800 1,179,702 51,400 546,691 339,000 4,394,532 481,500 8,692,156 625 737,184

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April 30, 2016 Security

Sekisui House SI Residential Investment Corp. Senko Co. Ltd. Senshu Ikeda Holdings Inc. Seria Co. Ltd. Seven & I Holdings Co. Ltd. Seven Bank Ltd. Sharp Corp./Japana,b Shiga Bank Ltd. (The) Shikoku Chemicals Corp. Shikoku Electric Power Co. Inc. Shima Seiki Manufacturing Ltd. Shimachu Co. Ltd. Shimadzu Corp. Shimamura Co. Ltd. Shimano Inc. Shimizu Corp. Shin-Etsu Chemical Co. Ltd. Shinko Electric Industries Co. Ltd. Shinko Plantech Co. Ltd. ShinMaywa Industries Ltd. Shinsei Bank Ltd. Shionogi & Co. Ltd. Ship Healthcare Holdings Inc. Shiseido Co. Ltd. Shizuoka Bank Ltd. (The) Shizuoka Gas Co. Ltd. SHO-BOND Holdings Co. Ltd.b Shochiku Co. Ltd. Showa Corp. Showa Denko KK Showa Sangyo Co. Ltd. Showa Shell Sekiyu KK SIIX Corp. Sintokogio Ltd. SKY Perfect JSAT Holdings Inc. Skylark Co. Ltd. SMC Corp./Japan

Shares

Value

928 $ 998,297 540,306 82,000 208,600 809,094 993,916 16,800 604,800 25,679,764 2,142,930 486,800 1,771,933 1,281,000 828,899 184,000 344,493 41,000 155,700 1,977,628 470,922 27,700 38,300 919,601 3,261,498 206,000 2,411,720 17,400 63,500 9,543,250 4,547,736 495,000 330,800 19,178,021 365,079 62,800 33,600 264,416 808,991 113,000 2,071,835 1,421,000 240,300 12,673,610 927,220 36,300 287,000 6,665,685 3,315,575 430,000 604,610 86,600 895,518 20,300 864,339 85,000 58,400 525,625 1,220,992 1,136,000 90,000 405,440 1,560,065 145,400 437,707 14,300 62,100 539,773 883,009 161,500 87,200 1,141,803 43,400 11,091,855

Security SoftBank Group Corp. Sohgo Security Services Co. Ltd. Sojitz Corp. Sompo Japan Nipponkoa Holdings Inc. Sony Corp. Sony Financial Holdings Inc. Sosei Group Corp.a,b Sotetsu Holdings Inc. Square Enix Holdings Co. Ltd. St. Marc Holdings Co. Ltd. Stanley Electric Co. Ltd. Star Micronics Co. Ltd. Start Today Co. Ltd. Sugi Holdings Co. Ltd. Sumco Corp. Sumitomo Bakelite Co. Ltd. Sumitomo Chemical Co. Ltd. Sumitomo Corp. Sumitomo Dainippon Pharma Co. Ltd. Sumitomo Electric Industries Ltd. Sumitomo Forestry Co. Ltd. Sumitomo Heavy Industries Ltd. Sumitomo Metal Mining Co. Ltd. Sumitomo Mitsui Construction Co. Ltd. Sumitomo Mitsui Financial Group Inc. Sumitomo Mitsui Trust Holdings Inc. Sumitomo Osaka Cement Co. Ltd. Sumitomo Real Estate Sales Co. Ltd. Sumitomo Realty & Development Co. Ltd. Sumitomo Riko Co. Ltd.

Shares

Value

775,500 $43,401,037 50,700 2,909,463 917,200 1,911,637 268,000 7,365,335 1,011,500 26,262,414 147,200 1,912,314 12,700 2,667,125 321,000 2,109,099 66,000 1,751,241 18,900 523,219 112,900 2,418,494 44,800 536,369 50,900 2,207,355 32,300 1,606,019 157,800 1,069,256 159,000 679,125 1,187,000 5,613,552 883,800 9,664,433 129,200 1,718,320 593,400 7,459,442 99,900 1,198,856 463,000 2,046,815 382,000 4,469,966 828,000 742,913 1,014,400 32,358,028 2,747,000 8,847,294 329,000 1,445,208 18,400 381,947 288,000 8,734,614 35,800 317,196

29

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April 30, 2016 Security

Shares

Sumitomo Rubber Industries Ltd. Sumitomo Warehouse Co. Ltd. (The) Sundrug Co. Ltd. Suntory Beverage & Food Ltd. Suruga Bank Ltd. Suzuken Co. Ltd./Aichi Japan Suzuki Motor Corp. Sysmex Corp. T&D Holdings Inc. T-Gaia Corp. Tachi-S Co. Ltd. Tadano Ltd. Taiheiyo Cement Corp. Taikisha Ltd. Taisei Corp. Taisho Pharmaceutical Holdings Co. Ltd. Taiyo Holdings Co. Ltd. Taiyo Nippon Sanso Corp. Taiyo Yuden Co. Ltd. Takara Holdings Inc. Takasago Thermal Engineering Co. Ltd. Takashimaya Co. Ltd. Takata Corp.a,b Takeda Pharmaceutical Co. Ltd. Tamron Co. Ltd. TDK Corp. TechnoPro Holdings Inc. Teijin Ltd. Tekken Corp.b Temp Holdings Co. Ltd. Terumo Corp. THK Co. Ltd. Toa Corp./Tokyo Toagosei Co. Ltd. Tobu Railway Co. Ltd. TOC Co. Ltd. Tocalo Co. Ltd. Tochigi Bank Ltd. (The)

133,800 $ 2,125,894 110,000 568,531 2,025,328 27,500 111,900 5,009,589 3,050,386 151,100 2,273,658 63,600 292,000 8,391,981 7,693,817 117,600 462,700 4,676,948 351,504 27,900 31,000 434,889 1,087,090 108,400 2,570,812 942,000 29,200 689,916 5,886,406 842,000 25,600 2,153,372 608,776 17,700 1,235,337 128,700 917,772 86,900 1,237,404 141,600 49,300 635,401 1,689,500 224,000 59,200 227,405 634,700 31,214,462 315,557 19,000 98,500 6,057,573 857,919 29,900 735,000 2,727,183 524,324 204,000 107,000 1,670,078 9,757,442 247,100 2,019,091 98,600 208,000 472,396 847,105 91,000 775,000 4,070,751 343,597 41,400 26,800 495,447 473,798 119,000

30

Value

Security Toda Corp. Toho Bank Ltd. (The) Toho Co. Ltd./Tokyo Toho Gas Co. Ltd. Toho Holdings Co. Ltd. Toho Titanium Co. Ltd.b Toho Zinc Co. Ltd. Tohoku Electric Power Co. Inc. Tokai Carbon Co. Ltd. Tokai Corp./Gifu TOKAI Holdings Corp. Tokai Rika Co. Ltd. Tokai Tokyo Financial Holdings Inc. Token Corp. Tokio Marine Holdings Inc. Tokuyama Corp.a,b Tokyo Broadcasting System Holdings Inc. Tokyo Dome Corp. Tokyo Electric Power Co. Holdings Inc.a Tokyo Electron Ltd. Tokyo Gas Co. Ltd. Tokyo Ohka Kogyo Co. Ltd. Tokyo Seimitsu Co. Ltd. Tokyo Steel Manufacturing Co. Ltd. Tokyo Tatemono Co. Ltd. Tokyo TY Financial Group Inc. Tokyotokeiba Co. Ltd. Tokyu Corp. Tokyu Fudosan Holdings Corp. TOKYU REIT Inc. TOMONY Holdings Inc. Tomy Co. Ltd. TonenGeneral Sekiyu KK Top REIT Inc. Topcon Corp. Toppan Forms Co. Ltd. Toppan Printing Co. Ltd. Topre Corp.

Shares

Value

185,000 $ 890,462 186,000 634,516 92,800 2,437,198 382,000 2,677,695 44,500 1,064,307 31,400 221,571 255,000 717,370 376,200 4,950,601 206,000 558,344 7,400 218,552 85,000 483,808 42,600 827,753 191,400 1,035,755 8,410 675,189 549,600 18,949,244 340,000 556,101 35,000 500,164 153,000 666,368 1,237,800 6,825,571 137,300 9,510,073 1,870,000 8,478,312 34,500 1,010,865 34,200 740,928 75,800 478,200 160,000 2,180,289 23,500 618,935 117,000 240,572 898,000 7,964,877 397,900 2,818,900 742 1,080,458 131,000 388,121 54,000 390,130 225,000 2,201,738 148 562,980 83,700 1,070,158 40,000 454,601 404,000 3,575,756 36,900 756,658

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TOPY Industries Ltd. Toray Industries Inc. Torii Pharmaceutical Co. Ltd. Toshiba Corp.a,b Toshiba Machine Co. Ltd. Toshiba TEC Corp. Tosoh Corp. Totetsu Kogyo Co. Ltd. TOTO Ltd. Towa Bank Ltd. (The) Toyo Corp./Chuo-ku Toyo Engineering Corp. Toyo Ink SC Holdings Co. Ltd. Toyo Seikan Group Holdings Ltd. Toyo Suisan Kaisha Ltd. Toyo Tanso Co. Ltd. Toyo Tire & Rubber Co. Ltd. Toyobo Co. Ltd. Toyoda Gosei Co. Ltd. Toyota Boshoku Corp. Toyota Industries Corp. Toyota Motor Corp. Toyota Tsusho Corp. TPR Co. Ltd. Transcosmos Inc. Trend Micro Inc./Japan Trusco Nakayama Corp. TS Tech Co. Ltd. TSI Holdings Co. Ltd. Tsubakimoto Chain Co. Tsukuba Bank Ltd. Tsumura & Co. Tsuruha Holdings Inc. TV Asahi Holdings Corp. UACJ Corp. Ube Industries Ltd. ULVAC Inc. Unicharm Corp. Unipres Corp. United Arrows Ltd. United Super Markets Holdings Inc.

Shares

Value

382,223 192,000 $ 1,172,000 10,150,871 263,093 11,100 3,227,000 7,087,668 402,168 130,000 441,460 113,000 433,000 2,063,928 844,385 28,500 114,200 4,061,227 526,567 626,000 47,200 491,432 391,037 139,000 579,840 141,000 131,600 2,699,771 2,693,677 73,900 26,400 346,917 1,244,312 79,200 1,218,178 697,000 1,031,299 53,800 1,063,160 54,900 129,200 5,874,648 2,176,400 115,008,791 166,700 3,926,202 580,410 22,100 699,217 25,700 85,200 3,332,511 763,765 18,700 42,200 1,008,509 544,145 82,700 124,000 848,339 358,587 132,300 1,263,409 47,800 29,200 2,881,929 415,490 24,200 223,000 471,031 1,640,824 836,000 33,400 1,076,966 6,380,733 297,800 605,757 32,900 22,400 933,726 507,654 54,100

Security United Urban Investment Corp. Unitika Ltd.a UNY Group Holdings Co. Ltd. Ushio Inc. USS Co. Ltd. Valor Holdings Co. Ltd. Vital KSK Holdings Inc. VT Holdings Co. Ltd. Wacoal Holdings Corp. WATAMI Co. Ltd.b Welcia Holdings Co. Ltd. West Japan Railway Co. Xebio Holdings Co. Ltd. Yahoo Japan Corp. Yakult Honsha Co. Ltd. Yamada Denki Co. Ltd. Yamagata Bank Ltd. (The) Yamaguchi Financial Group Inc. Yamaha Corp. Yamaha Motor Co. Ltd. Yamanashi Chuo Bank Ltd. (The) Yamato Holdings Co. Ltd. Yamato Kogyo Co. Ltd. Yamazaki Baking Co. Ltd. Yamazen Corp. Yaoko Co. Ltd. Yaskawa Electric Corp. Yellow Hat Ltd. Yodogawa Steel Works Ltd. Yokogawa Electric Corp. Yokohama Reito Co. Ltd. Yokohama Rubber Co. Ltd. (The) Yondoshi Holdings Inc. Yoshinoya Holdings Co. Ltd. Yuasa Trading Co. Ltd. Zenkoku Hosho Co. Ltd. Zenrin Co. Ltd. Zensho Holdings Co. Ltd. Zeon Corp.

Shares 2,197 $ 1,265,000 161,100 93,500 176,400 31,500 56,100 74,500 94,000 37,800 17,400 131,500 29,100 1,186,900 71,000 535,300 126,000 157,000 135,600 212,600 128,000 270,600 32,700 93,000 57,100 14,100 197,400 19,100 18,200 187,600 58,700 79,500 18,700 55,300 28,900 43,100 24,100 70,800 150,000

Value 3,841,850 638,441 1,204,542 1,322,169 2,891,776 781,943 490,243 390,621 1,168,466 361,766 946,474 8,207,458 478,949 5,502,149 3,656,339 2,751,671 469,872 1,504,042 4,055,517 3,677,953 489,294 5,637,342 790,338 2,270,349 462,692 644,413 2,418,724 400,762 422,872 2,114,544 586,479 1,396,888 468,221 713,248 672,294 1,587,121 530,450 920,443 1,106,126 2,725,519,183

31

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April 30, 2016 Security

NETHERLANDS — 2.84% Aalberts Industries NV Accell Group Aegon NV AerCap Holdings NVa,b Akzo Nobel NV Altice NV Class Aa,b Altice NV Class Ba Amsterdam Commodities NV Arcadis NV ASM International NV ASML Holding NV BE Semiconductor Industries NV BinckBank NV Boskalis Westminster Brunel International NVb Corbion NV Delta Lloyd NV Eurocommercial Properties NV Euronext NVc Flow Tradersc Fugro NV CVAa Gemalto NV Heineken Holding NV Heineken NV IMCD Group NV ING Groep NV CVA InterXion Holding NVa Koninklijke Ahold NV Koninklijke BAM Groep NV Koninklijke DSM NV Koninklijke KPN NV Koninklijke Philips NV Koninklijke Vopak NV NN Group NV NSI NV NXP Semiconductors NVa OCI NVa PostNL NVa Randstad Holding NV Refresco Gerber NVa,c RELX NV

32

Shares

Value

78,769 $ 2,699,323 478,597 22,581 1,461,034 8,387,053 2,848,272 71,189 198,219 14,050,888 315,331 4,785,425 1,099,152 71,912 14,778 399,368 1,049,184 61,253 39,538 1,613,272 279,220 26,991,497 842,340 27,953 93,236 548,996 2,909,286 69,773 24,420 550,578 1,455,839 57,025 1,867,577 366,092 1,744,922 37,322 2,221,322 52,559 25,071 996,556 1,082,060 53,165 64,887 4,221,279 6,578,212 79,670 183,972 17,246,796 39,123 1,579,983 3,085,736 37,798,760 25,105 850,557 665,625 14,485,091 194,583 937,150 8,778,825 143,106 2,546,569 10,018,903 756,513 20,795,321 3,065,871 56,419 254,390 8,816,718 524,116 110,399 108,855 9,283,154 1,388,899 70,237 1,691,816 386,680 100,829 5,416,798 866,250 46,773 789,963 13,259,605

Security SBM Offshore NV SNS REAAL NVa,b TKH Group NV TNT Express NVa TomTom NVa,b Unilever NV CVA USG People NV VastNed Retail NV Wereldhave NV Wessanen Wolters Kluwer NV NEW ZEALAND — 0.31% Air New Zealand Ltd. Argosy Property Ltd. Auckland International Airport Ltd. Chorus Ltd. Contact Energy Ltd. Fisher & Paykel Healthcare Corp. Ltd. Fletcher Building Ltd. Freightways Ltd. Genesis Energy Ltd. Goodman Property Trust Infratil Ltd. Kiwi Property Group Ltd. Meridian Energy Ltd. Metlifecare Ltd. Mighty River Power Ltd. Nuplex Industries Ltd. Precinct Properties New Zealand Ltd. Ryman Healthcare Ltd. Sky Network Television Ltd. SKYCITY Entertainment Group Ltd. Spark New Zealand Ltd. Trade Me Group Ltd. Warehouse Group Ltd. (The) Xero Ltd.a,b Z Energy Ltd.

Shares

Value

141,517 $ 1,895,601 3,991 — 30,953 1,223,094 385,493 3,499,962 87,842 800,351 1,299,173 57,087,390 58,865 1,173,800 18,029 793,973 29,801 1,535,624 77,436 799,907 244,807 9,318,747 324,354,060 443,691 439,115 794,028 305,935 609,234 486,868 552,897 126,274 508,805 606,236 472,883 863,687 1,156,560 102,596 675,482 161,254 648,297 305,048 330,532 534,242 1,527,841 339,539 44,604 60,069 314,294

763,217 365,391 3,414,627 855,700 2,164,114 3,115,048 3,224,354 584,527 731,132 568,040 1,071,349 893,821 2,143,120 375,201 1,426,439 594,228 577,985 1,904,811 1,231,893 1,826,751 3,963,551 1,082,647 86,083 688,853 1,722,997 35,375,879

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BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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NORWAY — 0.76% Akastor ASAa,b Aker ASA Class A Aker Solutions ASAa Atea ASA Austevoll Seafood ASA Bakkafrost P/F BW LPG Ltd.c BW Offshore Ltd.b Det Norske Oljeselskap ASAa,b DNB ASA DNO ASAa,b Entra ASAc Fred Olsen Energy ASAa Frontline Ltd./Bermudab Gjensidige Forsikring ASA Golden Ocean Group Ltd.a,b Hoegh LNG Holdings Ltd.b Leroy Seafood Group ASA Marine Harvest ASA Nordic Semiconductor ASAa,b Norsk Hydro ASA Norwegian Air Shuttle ASAa,b Norwegian Property ASAa Opera Software ASAb Orkla ASA Petroleum Geo-Services ASAb Prosafe SEb REC Silicon ASAa,b Salmar ASA Schibsted ASA Schibsted ASA Class Ba Seadrill Ltd.a,b SpareBank 1 SMN Statoil ASA Stolt-Nielsen Ltd. Storebrand ASAa Subsea 7 SAa Telenor ASA TGS Nopec Geophysical Co. ASA

Shares

Value

103,720 $ 144,264 559,185 27,125 137,540 527,794 619,407 66,062 827,344 98,333 37,556 1,328,768 473,977 78,856 474,725 103,760 773,936 86,676 783,644 10,033,555 642,917 556,965 561,717 59,515 43,852 190,061 460,764 55,418 168,802 2,890,808 103,417 116,469 503,670 43,146 1,030,775 21,120 4,368,659 280,750 119,434 694,888 4,628,836 1,064,031 23,864 1,099,498 248,414 222,505 877,124 107,339 664,932 5,805,103 659,087 186,283 322,961 195,324 467,592 2,127,240 49,294 1,224,338 1,921,388 65,865 1,971,775 69,364 277,896 1,348,006 608,285 98,952 904,884 15,990,983 219,061 16,563 367,049 1,553,919 1,950,323 211,939 602,979 10,378,696 89,300 1,493,814

Security

Shares

Thin Film Electronics ASAa,b XXL ASAc Yara International ASA

571,865 $ 299,698 88,763 1,072,010 147,312 5,898,078 86,751,018

PORTUGAL — 0.19% Altri SGPS SA Banco BPI SA Registereda,b,d Banco Comercial Portugues SA Registereda,b CTT-Correios de Portugal SA EDP — Energias de Portugal SA Galp Energia SGPS SA Jeronimo Martins SGPS SA Navigator Co. SA (The) NOS SGPS SA Pharol SGPS SA Registereda,b REN — Redes Energeticas Nacionais SGPS SA Sonae SGPS SA SINGAPORE — 1.50% Accordia Golf Trust AIMS AMP Capital Industrial REIT ARA Asset Management Ltd.b Ascendas India Trustb Ascendas REIT Ascott Residence Trustb Asian Pay Television Trustb Boustead Singapore Ltd. Cache Logistics Trustb Cambridge Industrial Trustb CapitaLand Commercial Trust Ltd. CapitaLand Ltd. CapitaLand Mall Trust CapitaLand Retail China Trust CDL Hospitality Trustsb

Value

112,321 422,261

437,914 529,098

33,627,368 144,971 1,819,272 257,720 209,548 283,567 228,647 876,191

1,490,534 1,339,631 6,467,811 3,540,678 3,429,681 1,011,700 1,640,683 142,503

258,300 1,170,705

775,406 1,300,640 22,106,279

1,044,000 445,975 600,828 805,400 1,721,200 888,500 1,494,200 110,000 995,700 1,166,000 1,729,400 2,028,100 1,988,600 519,720 629,400

501,008 462,881 529,728 572,268 3,150,294 750,305 667,029 63,837 640,810 472,802 1,839,993 4,692,825 3,062,685 570,356 653,259

33

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April 30, 2016 Security

Chip Eng Seng Corp. Ltd. City Developments Ltd. ComfortDelGro Corp. Ltd. COSCO Corp. Singapore Ltd.a,b CWT Ltd.b DBS Group Holdings Ltd. Ezion Holdings Ltd.a,b Ezra Holdings Ltd.a,b First REITb First Resources Ltd.b Frasers Centrepoint Trust Frasers Commercial Trust Genting Singapore PLC GL Ltd.b Global Logistic Properties Ltd. Golden Agri-Resources Ltd. Ho Bee Land Ltd. Hutchison Port Holdings Trust Hyflux Ltd.b Indofood Agri Resources Ltd.b Jardine Cycle & Carriage Ltd. Jardine Matheson Holdings Ltd. Kenon Holdings Ltd./Singaporea,b Keppel Corp. Ltd.b Keppel REITb KrisEnergy Ltd.a,b Lippo Malls Indonesia Retail Trust M1 Ltd./Singaporeb Mapletree Commercial Trust Mapletree Greater China Commercial Trust Mapletree Industrial Trust Mapletree Logistics Trust Midas Holdings Ltd.b Neptune Orient Lines Ltd./Singaporea,b

34

Shares

Value

539,100 $ 284,782 336,600 2,088,646 3,678,592 1,710,800 936,900 237,005 272,293 176,800 1,420,300 16,146,858 1,224,540 501,095 206,347 2,719,022 529,300 492,262 731,640 516,200 533,700 774,313 531,470 551,600 2,969,182 4,896,600 361,100 245,829 3,622,264 2,542,300 5,798,300 1,725,620 122,992 74,800 2,100,534 4,720,300 456,080 988,700 135,138 339,500 99,332 2,854,211 200,000 11,060,000 26,525 232,738 4,697,504 1,169,200 1,217,595 1,558,580 323,289 44,739 365,418 1,511,200 440,700 809,887 1,170,381 1,048,700 1,640,800 1,257,412 1,186,271 993,400 948,420 1,180,300 1,040,400 220,612 747,739 782,100

Security Noble Group Ltd.a,b OSIM International Ltd.b OUE Hospitality Trustb OUE Ltd. Oversea-Chinese Banking Corp. Ltd. Parkway Life REIT Perennial Real Estate Holdings Ltd.a,b Raffles Medical Group Ltd.b Sabana Shari’ah Compliant Industrial REITb SATS Ltd. SembCorp Industries Ltd. Sembcorp Marine Ltdb Singapore Airlines Ltd. Singapore Exchange Ltd. Singapore Post Ltd.b Singapore Press Holdings Ltd.b Singapore Technologies Engineering Ltd. Singapore Telecommunications Ltd. SMRT Corp. Ltd.b Soilbuild Business Space REITb Starhill Global REIT StarHub Ltd. Suntec REITb Super Group Ltd./Singapore Tat Hong Holdings Ltd. United Engineers Ltd. United Overseas Bank Ltd. UOL Group Ltd. Vard Holdings Ltd.a,b Venture Corp. Ltd. Wilmar International Ltd. Wing Tai Holdings Ltd. Yangzijiang Shipbuilding Holdings Ltd. Yanlord Land Group Ltd. Ying Li International Real Estate Ltd.a,b

Shares

Value

3,874,900 $ 1,326,181 312,700 323,391 944,600 488,447 129,400 160,781 2,505,600 16,349,177 358,600 653,674 211,164 143,756 274,100 958,499 735,300 593,600 859,900 701,200 427,500 642,600 1,292,600 678,100

336,453 1,810,766 1,848,972 871,250 3,657,788 3,600,147 1,509,901 2,048,351

1,318,600 6,433,800 692,100 1,063,500 1,125,100 511,400 1,836,800 417,500 332,700 381,900 1,038,200 385,400 1,139,700 222,900 1,593,500 380,800 1,781,200 550,400 2,029,300

3,159,028 18,477,339 787,852 553,886 652,936 1,259,428 2,302,748 301,309 148,521 664,890 14,367,412 1,760,616 154,329 1,388,098 4,398,560 531,230 1,311,996 495,505 212,887 171,782,053

ˆ200F9Gq$mBM!Q87%;Š 200F9Gq$mBM!Q87%;

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016 Security

Shares

Value

SPAIN — 3.10% Abengoa SA Class Bb 773,508 $ 212,625 Abertis Infraestructuras SA 7,374,980 437,288 Acciona SA 27,585 2,209,717 Acerinox SAb 1,519,576 128,622 ACS Actividades de Construccion y Servicios SA 162,416 5,371,416 Aena SAa,c 7,960,480 55,803 Almirall SA 1,083,856 65,945 Amadeus IT Holding SA Class A 363,246 16,533,573 Applus Services SA 115,545 1,066,656 Atresmedia Corp. de Medios de Comunicacion SA 80,180 1,044,154 Axiare Patrimonio SOCIMI SA 1,253,414 82,282 Banco Bilbao Vizcaya Argentaria SA 5,277,947 36,167,795 Banco de Sabadell SA 7,951,350 4,159,552 Banco de Sabadell SA Newa 225,485 117,957 Banco Popular Espanol SAb 4,129,864 1,518,218 Banco Santander SA 11,622,941 58,853,805 Bankia SA 3,965,687 3,692,725 Bankinter SA 4,641,032 608,784 Bolsas y Mercados Espanoles SHMSF SAb 1,895 64,136 CaixaBank SA 6,749,915 2,241,660 Cellnex Telecom SAUc 2,369,631 143,575 Cia. de Distribucion Integral Logista Holdings SA 46,298 1,020,247 CIE Automotive SA 1,191,598 65,993 Construcciones y Auxiliar de Ferrocarriles SA 2,427 789,453 Corp Financiera Alba SA 953,331 23,237 Distribuidora Internacional de Alimentacion SA 502,129 2,786,998 Duro Felguera SAb 192,816 346,721 Ebro Foods SA 1,607,936 70,939 Enagas SA 12,699 386,964 Ence Energia y Celulosa SA 525,416 182,039 Endesa SA 295,899 6,213,874 Euskaltel SAa,c 962,699 87,373

Security

Shares

Faes Farma SA Ferrovial SA Fomento de Construcciones y Contratas SAa,b Gamesa Corp. Tecnologica SA Gas Natural SDG SA Grifols SA Grupo Catalana Occidente SA Hispania Activos Inmobiliarios SAa Iberdrola SA Indra Sistemas SAa,b Industria de Diseno Textil SA Inmobiliaria Colonial SAa International Consolidated Airlines Group SA Lar Espana Real Estate SOCIMI SA Liberbank SAa Mapfre SA Mediaset Espana Comunicacion SA Melia Hotels International SAb Merlin Properties SOCIMI SA NH Hotel Group SAa Obrascon Huarte Lain SA Pescanova SAa Pharma Mar SAa,b Promotora de Informaciones SAa,b Prosegur Cia. de Seguridad SA Red Electrica Corp. SA Repsol SA Sacyr SAb Tecnicas Reunidas SAb Telefonica SA Tubacex SAb Viscofan SA Zardoya Otis SA

324,075 $ 410,185

Value 1,018,887 8,827,639

178,139 200,247 282,729 262,980 46,082 95,969 3,717,852 110,660 888,359 2,034,612

1,546,966 3,943,721 5,882,254 5,721,370 1,459,367 1,406,951 26,418,119 1,296,595 28,525,093 1,561,329

681,074 92,513 535,708 1,025,237 168,048 119,163 209,460 229,196 120,329 498 211,510 47,587 290,105 7,050 898,853 398,658 32,841 3,634,793 224,513 43,234 174,196

5,238,155 951,730 644,251 2,600,974 2,182,652 1,499,951 2,435,035 1,102,540 851,858 — 666,195 336,942 1,677,972 629,585 11,782,636 848,824 1,103,231 39,641,115 585,007 2,425,889 1,849,507 353,923,762

35

ˆ200F9Gq$mBM!q4K%eŠ 200F9Gq$mBM!q4K%e

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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Schedule of Investments

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iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016 Security

Shares

SWEDEN — 3.17% AAK AB AF AB Class B Alfa Laval AB Arcam ABa,b Assa Abloy AB Atlas Copco AB Class A Atlas Copco AB Class B Avanza Bank Holding AB Axfood AB Betsson ABb Bilia AB Class A BillerudKorsnas AB BioGaia AB Class B Boliden AB Castellum AB Clas Ohlson AB Class B Com Hem Holding AB Duni AB Electrolux AB Class B Elekta AB Class Bb Evolution Gaming Group ABc Fabege AB Fastighets AB Balder Class Ba Fingerprint Cards ABa,b Getinge AB Class B Hemfosa Fastigheter AB Hennes & Mauritz AB Class B Hexagon AB Class B Hexpol AB Holmen AB Class B Hufvudstaden AB Class A Husqvarna AB Class B ICA Gruppen AB Industrial & Financial Systems Class B Industrivarden AB Class C Indutrade AB Intrum Justitia AB Investment AB Kinnevik Class B Investor AB Class B

26,438 $ 1,998,722 901,138 52,577 238,746 3,767,583 439,439 20,145 811,068 17,025,204 556,426 14,412,720 7,219,167 300,547 22,829 897,799 1,294,389 69,833 97,601 1,321,226 830,589 34,705 2,381,245 153,195 11,619 294,007 3,786,611 216,985 123,705 1,981,451 687,825 34,062 1,047,634 118,042 466,115 32,029 5,803,036 199,805 331,059 2,422,348 1,100,205 30,647 110,394 1,843,925 1,959,162 76,782 3,066,668 51,148 163,107 3,452,258 1,109,223 106,253 762,606 27,139,342 8,396,656 210,374 221,075 2,287,235 1,432,158 41,508 1,669,289 107,651 339,938 2,711,894 2,254,440 68,586 18,137 822,924 2,424,065 133,016 29,010 1,628,331 2,178,048 60,629 5,563,528 193,217 368,620 13,541,040

36

Value

Security

Shares

Value

JM AB 64,763 $ 1,874,486 Klovern AB Class B 381,156 448,505 Kungsleden AB 145,129 999,492 L E Lundbergforetagen AB Class B 37,583 2,043,010 Lifco AB Class B 34,305 889,434 Lindab International AB 78,151 622,971 Loomis AB Class B 51,015 1,416,792 Lundin Petroleum ABa 171,070 3,207,116 Meda AB Class A 205,274 3,789,501 Medivir AB Class Ba 35,333 244,437 Mekonomen AB 25,386 645,531 Millicom International Cellular SA SDR 53,249 3,079,799 Modern Times Group MTG AB Class B 47,229 1,417,615 NCC AB Class B 69,646 2,382,173 NetEnt AB 25,470 1,604,882 Nibe Industrier AB Class B 69,698 2,423,916 Nobia AB 103,462 1,180,680 Nordea Bank AB 2,424,765 23,560,188 Nordnet AB Class B 104,061 358,006 Oriflame Holding AGa 33,020 664,314 Pandox ABa 53,330 906,067 Peab AB 153,333 1,280,570 Ratos AB Class B 193,554 1,133,465 Rezidor Hotel Group AB 106,470 451,231 Saab AB 56,871 1,947,343 Sandvik AB 864,770 8,882,205 Securitas AB Class B 258,390 4,084,021 Skandinaviska Enskilda Banken AB Class A 1,219,031 11,654,754 Skanska AB Class B 307,394 6,766,733 SKF AB Class B 324,047 5,974,054 SSAB AB Class Aa,b 189,180 795,634 SSAB AB Class Ba,b 121,347 420,803 Svenska Cellulosa AB SCA Class B 487,236 15,359,645 Svenska Handelsbanken AB Class A 1,203,158 16,032,208 Sweco AB Class B 58,918 913,611 Swedbank AB Class A 721,764 15,582,462 Swedish Match AB 159,639 5,068,284 Swedish Orphan Biovitrum ABa,b 132,528 1,934,450

ˆ200F9Gq$mBM@6DL%0Š 200F9Gq$mBM@6DL%0

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

NCRP64RS21 11.9.13

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Schedule of Investments

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iSHARES® CORE MSCI EAFE ETF

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April 30, 2016 Security

Shares

Tele2 AB Class B Telefonaktiebolaget LM Ericsson Class B Telia Co. AB Thule Group AB (The)c Trelleborg AB Class B Unibet Group PLC Volvo AB Class B Wallenstam AB Class B Wihlborgs Fastigheter AB

255,908 $

SWITZERLAND — 8.32% ABB Ltd. Registered Actelion Ltd. Registered Adecco SA Registered AFG Arbonia-Forster Holding AG Registereda Allreal Holding AG Registered Aryzta AG Ascom Holding AG Registered Baloise Holding AG Registered Banque Cantonale Vaudoise Registered Barry Callebaut AG Registered Basilea Pharmaceutica AG Registereda,b BKW AG Bossard Holding AGb Bucher Industries AG Registered Burckhardt Compression Holding AG Cembra Money Bank AG Chocoladefabriken Lindt & Sprungli AG Participation Certificates Chocoladefabriken Lindt & Sprungli AG Registered Cie. Financiere Richemont SA Class A Registered Clariant AG Registered

Value 2,443,462

2,476,621 2,064,332 66,020 206,754 199,545 1,243,493 166,939 62,331

20,066,235 9,868,199 950,496 3,770,433 2,253,523 14,570,155 1,404,606 1,266,440 362,192,576

1,743,357 84,089 130,974

36,886,051 13,598,117 8,437,814

43,252 10,980 69,766 52,744 38,087 2,371 1,725 10,582 16,043 7,362 5,772 2,795 25,035

602,414 1,531,587 2,711,303 863,934 4,716,669 1,636,324 2,028,247 867,205 697,958 800,334 1,384,437 995,819 1,717,320

752

4,605,363

83

6,078,007

415,328 226,272

27,645,202 4,284,650

Security

Shares

Value

Conzzeta AG 895 $ 578,925 Cosmo Pharmaceuticals SAa,b 4,443 734,242 Credit Suisse Group AG Registered 1,433,706 21,793,528 Daetwyler Holding AG Bearer 7,204 1,071,769 dorma+kaba Holding AG Class B 2,837 1,841,016 Dufry AG Registereda,b 32,035 4,217,858 EFG International AG 79,667 497,867 Emmi AG 1,939 1,163,198 EMS-Chemie Holding AG Registered 6,643 3,286,847 Flughafen Zuerich AG Registered 3,165 2,907,441 Forbo Holding AG Registered 915 1,114,992 Galenica AG Registered 3,185 4,658,706 GAM Holding AG 142,765 1,861,828 Gategroup Holding AG 25,461 1,403,875 Geberit AG Registered 29,691 11,408,654 Georg Fischer AG Registered 3,428 2,786,032 Givaudan SA Registered 7,295 14,384,507 Helvetia Holding AG Registered 5,153 2,774,072 Huber & Suhner AG Registered 13,139 644,956 Implenia AG Registered 15,014 1,002,500 Inficon Holding AG Registered 2,225 734,703 Intershop Holdings AG 1,108 520,188 Julius Baer Group Ltd. 176,567 7,554,525 Komax Holding AG Registered 4,378 967,865 Kudelski SA Bearer 38,992 665,122 Kuehne + Nagel International AG Registered 43,944 6,336,005 Kuoni Reisen Holding AG Class B Registereda,b 2,982 1,165,889 LafargeHolcim Ltd. Registered 362,242 18,355,862 Leonteq AGb 7,344 511,437

37

ˆ200F9Gq$mBM@Vsj%ÆŠ 200F9Gq$mBM@Vsj%˘

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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iSHARES® CORE MSCI EAFE ETF

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April 30, 2016 Security

Logitech International SA Registeredb Lonza Group AG Registered Meyer Burger Technology AGa,b Mobilezone Holding AG Mobimo Holding AG Registered Nestle SA Registered Novartis AG Registered OC Oerlikon Corp. AG Registered Orascom Development Holding AGa,b Panalpina Welttransport Holding AG Registered Pargesa Holding SA Bearer Partners Group Holding AG Plazza AGa PSP Swiss Property AG Registered Rieter Holding AG Registered Roche Holding AG Schindler Holding AG Participation Certificates Schindler Holding AG Registered Schmolz + Bickenbach AG Registereda Schweiter Technologies AG Bearer SFS Group AG SGS SA Registered Siegfried Holding AG Registered Sika AG Bearer Sonova Holding AG Registered St Galler Kantonalbank AG Registered Straumann Holding AG Registered Sulzer AG Registered

38

Shares

Value

131,609 $ 2,018,417 41,881 6,973,612 449,654 97,953 29,566 417,965 1,271,211 5,546 2,550,085 190,225,433 1,819,427 138,948,416 1,565,409 162,035 11,292 97,075 11,067 22,089 13,504 554 31,264 4,322 561,611

1,294,325 1,535,975 5,565,029 119,643 3,013,869 895,513 142,087,290

31,247 20,318 676,195 1,156 14,811 4,364 4,846 1,726 41,679 2,071 8,694 14,323

5,695,202 3,737,155 493,830 1,093,285 1,067,752 9,611,272 910,047 7,352,382 5,574,593 857,785 3,015,915 1,308,272

Security

Shares

Sunrise Communications Group AGc Swatch Group AG (The) Bearerb Swatch Group AG (The) Registered Swiss Life Holding AG Registered Swiss Prime Site AG Registered Swiss Re AG Swisscom AG Registered Swissquote Group Holding SA Registered Syngenta AG Registered Tecan Group AG Registered Temenos Group AG Registered U-Blox AG UBS Group AG Valiant Holding AG Registered Valora Holding AG Registered Vetropack Holding AG Bearer Vontobel Holding AG Registered Zehnder Group AGa Zurich Insurance Group AG

27,773 $ 1,700,861 22,875 7,818,310 47,349 3,166,480 24,468 6,180,180 49,254 4,319,039 276,808 24,576,276 19,859 10,079,711

UNITED KINGDOM — 19.23% 3i Group PLC 888 Holdings PLCb AA PLC Abcam PLC Aberdeen Asset Management PLC Admiral Group PLC Advanced Medical Solutions Group PLC Aggreko PLC Allied Minds PLCa,b

Value

12,339 74,361 9,683 49,225 6,164 2,925,652 14,191 3,391 124 23,663 13,192 119,231

306,383 29,790,948 1,345,619 2,554,975 1,224,440 50,668,569 1,573,817 828,204 194,053 1,024,533 558,097 26,707,246 950,847,231

656,744 177,593 469,368 171,969 756,218 171,948

4,556,339 561,937 1,915,591 1,488,833 3,308,952 4,677,538

309,740 205,321 164,915

828,073 3,269,424 928,166

ˆ200F9Gq$mBM@supZ†Š 200F9Gq$mBM@supZ

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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Schedule of Investments

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iSHARES® CORE MSCI EAFE ETF

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April 30, 2016 Security

Amec Foster Wheeler PLC Amerisur Resources PLCa,b Anglo American PLC Antofagasta PLC ARM Holdings PLC Ashmore Group PLCb Ashtead Group PLC ASOS PLCa,b Associated British Foods PLC AstraZeneca PLC Auto Trader Group PLCc Avanti Communications Group PLCa,b AVEVA Group PLC Aviva PLC Babcock International Group PLC BAE Systems PLC Balfour Beatty PLCa Barclays PLC Barratt Developments PLC BBA Aviation PLC Beazley PLC Bellway PLC Berendsen PLC Berkeley Group Holdings PLC BGEO Group PLC BHP Billiton PLC Big Yellow Group PLC Bodycote PLC boohoo.com PLCa,b Booker Group PLC Bovis Homes Group PLC BP PLC Brewin Dolphin Holdings PLC British American Tobacco PLC British Land Co. PLC (The) Britvic PLC BT Group PLC BTG PLCa,b Bunzl PLC

Shares

Value

307,925 $ 2,227,882 814,694 328,198 1,118,981 12,513,625 327,423 2,317,631 1,126,617 15,472,334 1,362,390 302,840 402,956 5,356,888 2,274,469 43,117 287,279 12,894,393 1,010,318 58,135,021 809,060 4,444,473 254,873 180,297 1,314,222 55,723 3,213,852 20,357,284 2,655,829 191,343 2,528,591 17,679,838 1,954,672 559,236 13,398,584 33,661,332 6,219,440 797,303 2,481,167 846,026 434,779 2,075,684 3,568,876 99,561 138,322 2,391,011 4,596,349 104,763 1,162,109 34,642 1,671,223 22,843,932 1,555,692 131,759 170,177 1,485,783 505,368 722,481 1,359,461 3,226,191 1,442,650 112,937 14,677,398 80,359,743 267,942 1,075,473 1,490,103 91,024,984 750,649 7,906,314 2,022,515 196,115 6,793,857 44,108,716 2,722,199 313,899 7,800,824 261,165

Security Burberry Group PLC Cable & Wireless Communications PLC Cairn Energy PLCa Cape PLC Capita PLC Capital & Counties Properties PLC Card Factory PLC Carillion PLCb Carnival PLC Centamin PLC Centrica PLC Chemring Group PLC Chesnara PLC Cineworld Group PLC Clinigen Healthcare Ltd.a Close Brothers Group PLC Cobham PLC Coca-Cola HBC AGa Compass Group PLC Countrywide PLC Crest Nicholson Holdings PLC Croda International PLC CYBG PLCa Daily Mail & General Trust PLC Class A NVS Dairy Crest Group PLC Dart Group PLC DCC PLC De La Rue PLC Debenhams PLC Derwent London PLC Devro PLC Diageo PLC Dialight PLCa Dignity PLC Diploma PLC Direct Line Insurance Group PLC Dixons Carphone PLC Domino’s Pizza Group PLC Drax Group PLC DS Smith PLC

Shares

Value

352,752 $ 6,144,119 2,226,900 2,400,970 454,375 1,490,311 116,366 391,643 521,433 7,646,116 596,794 3,090,453 286,360 1,528,199 355,091 1,529,309 154,352 7,680,970 1,193,392 2,113,575 4,088,453 14,278,202 285,827 598,753 86,848 388,668 166,859 1,266,157 88,959 698,494 121,481 2,156,847 956,954 2,158,838 157,849 3,237,264 1,307,318 23,344,964 218,029 1,135,115 214,721 1,638,779 110,635 4,879,907 722,584 2,347,255 217,690 128,782 101,133 71,897 107,511 993,713 79,347 107,784 2,010,778 41,681 40,417 101,284 1,092,624 745,798 141,360 349,110 755,880

2,225,882 1,065,889 925,196 6,382,512 763,053 1,141,262 3,817,174 440,916 54,375,603 345,897 1,444,648 1,085,334 5,792,521 4,645,396 1,902,015 1,634,471 4,222,094

39

ˆ200F9Gq$mBM#L=6%IŠ 200F9Gq$mBM#L=6%I

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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Schedule of Investments

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iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016 Security

Dunelm Group PLC easyJet PLC Electrocomponents PLC Elementis PLC EnQuest PLCa,b Enterprise Inns PLCa Entertainment One Ltd. Essentra PLC esure Group PLC Evraz PLCa Experian PLC Faroe Petroleum PLCa,b Fenner PLC FirstGroup PLCa Foxtons Group PLC Fresnillo PLC G4S PLC Galliford Try PLC Gem Diamonds Ltd. Genus PLC GKN PLC GlaxoSmithKline PLC Glencore PLC Go-Ahead Group PLC Grafton Group PLC Grainger PLC Great Portland Estates PLC Greencore Group PLC Greene King PLC Greggs PLC Gulf Keystone Petroleum Ltd.a,b GVC Holdings PLC GW Pharmaceuticals PLCa,b Halfords Group PLC Halma PLC Hammerson PLC Hansteen Holdings PLC Hargreaves Lansdown PLC Hays PLC Helical Bar PLC Henderson Group PLC Hikma Pharmaceuticals PLC Hiscox Ltd.

40

Shares

Value

82,420 $ 1,066,713 118,064 2,547,584 1,405,685 371,641 406,221 1,284,764 567,333 962,196 524,279 412,558 304,021 823,917 2,572,031 216,228 306,900 1,206,668 660,671 317,606 767,135 14,058,448 293,624 253,721 497,060 236,455 956,186 1,398,617 618,030 291,967 191,689 3,125,364 3,275,418 1,186,800 1,359,404 72,726 182,424 91,904 1,173,254 53,394 1,339,382 5,468,267 3,886,574 83,067,378 9,759,764 23,289,956 1,337,472 35,595 1,889,741 186,823 359,132 1,171,083 2,909,424 262,017 356,756 1,885,585 2,695,036 224,907 84,078 1,272,304 115,653 1,563,357 1,675,028 210,967 195,150 1,302,877 1,148,829 185,794 308,539 4,031,653 4,980,914 581,723 660,552 1,004,414 4,003,057 212,492 2,180,166 1,161,802 104,670 588,408 3,419,114 913,155 123,832 3,998,092 3,304,837 250,529

Security Home Retail Group PLC Homeserve PLC Howden Joinery Group PLC HSBC Holdings PLC Hunting PLC ICAP PLC IG Group Holdings PLC Imagination Technologies Group PLCa,b IMI PLC Imperial Brands PLC Inchcape PLC Indivior PLC Informa PLC Inmarsat PLC InterContinental Hotels Group PLC Intermediate Capital Group PLC International Personal Finance PLC Interserve PLC Intertek Group PLC Intu Properties PLC Investec PLC ITE Group PLC ITV PLC J D Wetherspoon PLC J Sainsbury PLCb John Menzies PLC John Wood Group PLC Johnson Matthey PLC JRP Group PLC Jupiter Fund Management PLC Just Eat PLCa,b KAZ Minerals PLCa Kcom Group PLC Keller Group PLC Kier Group PLC Kingfisher PLC Ladbrokes PLC Laird PLC Lancashire Holdings Ltd. Land Securities Group PLC

Shares

Value

612,905 $ 1,531,724 217,832 1,321,722 501,738 3,630,883 15,601,001 103,413,995 109,479 587,778 444,966 3,053,829 309,015 3,499,188 233,096 531,828 213,784 2,928,162 764,128 41,623,842 307,335 3,050,209 554,169 1,305,379 520,000 4,985,644 365,515 4,976,945 184,343 7,369,507 243,450 2,189,709 217,605 853,028 146,278 915,630 130,735 6,237,605 657,272 2,929,917 437,904 3,354,972 256,416 583,156 3,080,155 10,161,299 76,987 747,720 1,032,985 4,371,695 65,404 477,375 285,933 2,615,803 152,689 6,457,476 10,036 20,215 343,631 2,118,749 386,456 2,171,069 242,288 608,701 504,907 765,526 72,163 933,962 76,166 1,327,750 1,811,273 9,655,488 815,911 1,400,808 232,400 1,186,103 178,571 1,437,431 619,053 10,265,557

ˆ200F9Gq$mBMvqrnZBŠ 200F9Gq$mBMvqrnZB

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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Schedule of Investments

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207187 SOI 41 7* HTM ESS 0C Page 1 of 1

(Unaudited) (Continued)

iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016 Security

Legal & General Group PLC Lloyds Banking Group PLC London Stock Exchange Group PLC LondonMetric Property PLC Lookers PLC Majestic Wine PLCa,b Man Group PLC Marks & Spencer Group PLC Marston’s PLC Mediclinic International PLC Meggitt PLC Melrose Industries PLC Merlin Entertainments PLCc Michael Page International PLC Micro Focus International PLC Mitchells & Butlers PLC Mitie Group PLC Mondi PLC Moneysupermarket.com Group PLC Morgan Advanced Materials PLC N Brown Group PLC National Express Group PLC National Grid PLC NewRiver Retail Ltd. Next PLC Northgate PLC Ocado Group PLCa,b Old Mutual PLC Ophir Energy PLCa,b Oxford Instruments PLC P2P Global Investments PLC/Fund Paragon Group of Companies PLC (The) Paysafe Group PLCa Pearson PLC Pennon Group PLC Persimmon PLC

Shares

Value

4,734,409 $15,472,967 45,608,684 44,810,946 256,653 10,200,099 561,771 1,304,358 698,100 342,596 528,357 82,535 1,296,358 2,802,977 7,938,764 1,279,650 453,628 954,915 3,928,751 296,345 617,321 3,714,018 1,241,792 227,082 3,448,283 545,524 250,837 1,493,690 3,507,915 156,615 161,292 634,876 1,247,438 313,878 5,569,040 290,646 1,951,648 424,426 978,340 283,109 145,628 572,793 1,751,900 368,428 3,026,512 43,218,152 1,116,245 236,277 8,486,819 113,932 138,772 819,857 1,816,721 419,542 3,942,362 10,712,940 579,841 525,312 44,558 428,518 1,106,854 81,906 1,153,270 264,895 397,055 2,217,236 7,762,665 658,274 322,644 3,837,849 7,149,026 245,607

Security Petra Diamonds Ltd. Petrofac Ltd. Pets at Home Group PLC Phoenix Group Holdings Playtech PLC Poundland Group PLC Premier Farnell PLC Premier Foods PLCa,b Premier Oil PLCa Primary Health Properties PLC Provident Financial PLC Prudential PLC PZ Cussons PLC QinetiQ Group PLC Randgold Resources Ltd. Reckitt Benckiser Group PLC Redde PLC Redefine International PLC/Isle of Man Redrow PLC Regus PLC RELX PLC Renishaw PLC Rentokil Initial PLC Restaurant Group PLC (The) Rexam PLC Rightmove PLC Rio Tinto PLC Rolls-Royce Holdings PLC Rolls-Royce Holdings PLC Newa Rotork PLC Royal Bank of Scotland Group PLCa Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B Royal Mail PLC RPC Group PLC RPS Group PLC RSA Insurance Group PLC

Shares

Value

503,815 $ 870,886 201,572 2,495,142 287,103 1,019,480 149,590 1,884,557 178,704 2,106,050 273,346 688,731 373,194 662,864 776,309 443,514 501,771 542,096 582,798 911,369 117,593 5,019,718 2,065,492 40,771,863 218,050 1,028,218 524,381 1,718,388 69,866 6,928,876 511,271 49,835,891 285,043 647,218 905,783 625,890 198,623 1,114,388 562,552 2,409,619 884,339 15,675,176 31,099 863,760 1,487,069 3,836,178 184,212 742,364 538,853 4,933,539 82,542 4,664,934 987,292 33,271,787 1,470,419 14,421,152 104,399,749 152,935 722,889 1,980,257 2,737,138 9,222,163 3,176,805 82,812,676 3,155,082 82,546,825 703,915 5,020,746 246,154 2,630,513 194,787 497,925 825,632 5,552,673

41

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iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016 Security

SABMiller PLC Safestore Holdings PLC Sage Group PLC (The) Savills PLC Schroders PLC Segro PLC Senior PLC Serco Group PLCa Severn Trent PLC Shaftesbury PLC Shanks Group PLC Shire PLC SIG PLC Sky PLC Smith & Nephew PLC Smiths Group PLC SOCO International PLC Sophos Group PLCc Spectris PLC Speedy Hire PLC Spirax-Sarco Engineering PLC Spire Healthcare Group PLCc Spirent Communications PLC Sports Direct International PLCa SSE PLC SSP Group PLC ST Modwen Properties PLC St. James’s Place PLC Stagecoach Group PLC Stallergenes Greer PLCa Standard Chartered PLC Standard Life PLC Stobart Group Ltd. Stock Spirits Group PLC SuperGroup PLC SVG Capital PLCa Synthomer PLC TalkTalk Telecom Group PLCb Tate & Lyle PLC Taylor Wimpey PLC

42

Shares

Value

778,647 $47,735,815 209,831 1,040,794 7,590,398 875,255 123,907 1,346,815 3,722,351 101,075 3,322,613 543,009 386,079 1,230,675 1,294,691 920,633 189,997 6,198,338 2,734,826 205,154 315,973 371,453 475,209 29,662,275 1,017,804 512,763 819,805 11,270,758 715,707 12,119,965 317,213 5,148,717 342,792 158,378 809,552 269,183 2,580,488 96,735 183,802 341,417 59,133 2,958,209 1,068,770 222,706 497,544 572,149 1,255,370 222,473 817,042 18,072,973 380,802 1,604,898 884,643 197,093 417,762 5,305,866 1,288,726 341,645 3,141 95,767 2,615,472 21,153,201 7,463,474 1,562,363 167,467 252,682 484,501 205,110 36,816 657,429 1,275,112 169,018 254,882 1,299,352 1,757,568 448,686 3,180,527 369,244 2,601,467 7,023,473

Security Ted Baker PLC Telecom Plus PLCb Tesco PLCa Thomas Cook Group PLCa Travis Perkins PLC Tritax Big Box REIT PLC TT electronics PLC TUI AG Tullett Prebon PLC Tullow Oil PLCa UBM PLC UDG Healthcare PLC Ultra Electronics Holdings PLC Unilever PLC UNITE Group PLC (The) United Utilities Group PLC Vectura Group PLCa Vedanta Resources PLCb Vesuvius PLC Victrex PLC Virgin Money Holdings UK PLC Vodafone Group PLC Weir Group PLC (The) WH Smith PLC Whitbread PLC William Hill PLC Wm Morrison Supermarkets PLC Wolseley PLC Workspace Group PLC Worldpay Group PLCa,c WPP PLC WS Atkins PLC Xaar PLC Xchanging PLCa Zeal Network SE Zoopla Property Group PLCc TOTAL COMMON STOCKS (Cost: $11,735,091,710)

Shares 26,994 62,612 6,526,117 1,535,218 196,750 711,531 109,712 396,081 231,869 742,977 351,550 208,313 59,609 1,028,936 186,498 548,778 414,721 85,456 183,497 71,118 229,322 21,206,986 171,482 100,528 144,472 693,060 1,747,627 203,718 104,652 1,159,712 1,032,795 86,117 74,695 218,975 9,069 209,496

Value $

943,113 853,917 16,452,958 1,984,692 5,326,292 1,414,432 249,112 5,749,975 1,150,446 3,044,220 2,930,270 1,867,566 1,542,094 46,040,153 1,727,997 7,552,691 1,044,943 528,154 863,670 1,458,532 1,226,495 68,096,967 3,014,450 2,466,665 8,194,591 3,174,731 4,892,352 11,402,884 1,280,095 4,534,266 24,146,561 1,680,356 530,691 606,268 420,213 903,794 2,197,032,492

11,266,187,225

ˆ200F9Gq$mBMwW7k%QŠ 200F9Gq$mBMwW7k%Q

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016 Security

Shares

Value

INVESTMENT COMPANIES — 0.02%

AUSTRALIA — 0.02% Spark Infrastructure Group

1,369,946 $ 2,164,133 2,164,133 2,164,133

PREFERRED STOCKS — 0.53%

ITALY — 0.05% Intesa Sanpaolo SpA Telecom Italia SpA/Milano

43,845 26,751 7,774 57,449 138,024 13,979 121,764 7,514 11,280 2,197 147,748

3,482,608 485,785 515,806 2,457,928 15,757,984 1,318,172 6,795,999 1,854,196 493,397 271,261 21,398,259 54,831,395

683,907 4,793,058

1,798,486 3,760,462 5,558,948

TOTAL PREFERRED STOCKS (Cost: $68,183,095)

60,390,343

RIGHTS — 0.00% SWEDEN — 0.00% Hemfosa Fastigheter ABa

Shares

TOTAL WARRANTS (Cost: $0)

TOTAL INVESTMENT COMPANIES (Cost: $2,090,232)

GERMANY — 0.48% Bayerische Motoren Werke AG Biotest AG Draegerwerk AG & Co. KGaA Fuchs Petrolub SE Henkel AG & Co. KGaA Jungheinrich AG Porsche Automobil Holding SE Sartorius AG Sixt SE STO SE & Co. KGaA Volkswagen AG

Security

MONEY MARKET FUNDS — 1.68% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g 158,599,026 BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g 8,653,558 BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f 24,784,899 TOTAL SHORT-TERM INVESTMENTS (Cost: $192,037,483) TOTAL INVESTMENTS IN SECURITIES — 100.85% (Cost: $11,997,402,520) Other Assets, Less Liabilities — (0.85)% NET ASSETS — 100.00%

TOTAL RIGHTS (Cost: $0)

a

d e f g

38,409

20,764

158,599,026 8,653,558 24,784,899 192,037,483 192,037,483

11,520,838,357 (97,653,246) $11,423,185,111

ADR — American Depositary Receipts NVS — Non-Voting Shares SDR — Swedish Depositary Receipts

c

38,409 38,409

$

SHORT-TERM INVESTMENTS — 1.68%

b

106,253

Value

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

WARRANTS — 0.00% SINGAPORE — 0.00% Ezion Holdings Ltd. (Expires 04/20/24)a,b

174,427

20,764 20,764

43

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iSHARES® CORE MSCI EAFE ETF

For personal use only

April 30, 2016

Open futures contracts as of April 30, 2016 were as follows:

Issue MSCI EAFE E-Mini See accompanying notes to schedules of investments.

44

Number of Contracts Purchased (Sold) 1,046

Expiration Jun. 2016

Exchange NYSE LIFFE

Notional Value $86,917,370

Unrealized Appreciation (Depreciation) $ 1,913,303

ˆ200F9Gq$mBMx21z%>Š 200F9Gq$mBMx21z%>

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Schedule of Investments (Unaudited) iSHARES® CORE MSCI EUROPE ETF

For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 98.51%

AUSTRIA — 0.43% ams AG Andritz AG CA Immobilien Anlagen AG Erste Group Bank AGa IMMOFINANZ AGa Oesterreichische Post AG OMV AG Raiffeisen Bank International AGa Schoeller-Bleckmann Oilfield Equipment AG UNIQA Insurance Group AG Voestalpine AG Wienerberger AG Zumtobel Group AG

8,194 $ 9,123 12,092 30,768 108,267 5,003 17,332 14,230 1,895 17,275 12,092 14,668 4,539

BELGIUM — 2.30% Ablynx NVa,b Ackermans & van Haaren NV Ageas AGFA-Gevaert NVa Anheuser-Busch InBev SA/NV Befimmo SA Bekaert SA bpost SA Cofinimmo SA Colruyt SA Delhaize Group Econocom Group SA/NV Elia System Operator SA/NV Euronav NV EVS Broadcast Equipment SA Fagronb Galapagos NVa,b Groupe Bruxelles Lambert SA Intervest Offices & Warehouses NVa Ion Beam Applications KBC Ancora KBC Groep NV Mobistar SAa Nyrstar NVa,b Ontex Group NV Proximus SADP Solvay SA

7,602 2,304 22,481 29,248 84,718 4,337 5,891 9,321 3,245 8,189 10,982 9,710 7,667 13,130 2,555 4,781 3,671 9,206 4,484 2,960 3,490 25,975 4,664 118,642 7,309 16,444 7,756

216,711 511,062 231,011 885,232 255,323 195,456 520,300 227,443 127,817 124,730 435,984 289,884 59,110 4,080,063

114,888 300,041 882,147 116,209 10,489,128 289,847 259,196 262,998 403,257 471,589 1,151,285 104,652 396,524 144,369 86,606 34,827 166,880 813,265 128,291 121,879 123,236 1,458,665 102,004 93,762 223,976 553,252 784,043

Security Telenet Group Holding NVa UCB SA Umicore SA DENMARK — 3.00% Ambu A/S AP Moeller — Maersk A/S Class A AP Moeller — Maersk A/S Class B Bavarian Nordic A/Sa Carlsberg A/S Class B Chr Hansen Holding A/S Coloplast A/S Class B Danske Bank A/S Dfds A/S DSV A/S FLSmidth & Co. A/Sb Genmab A/Sa GN Store Nord A/S ISS A/S Jyske Bank A/S Registered NKT Holding A/S Novo Nordisk A/S Class B Novozymes A/S Class B Pandora A/S PER Aarsleff A/S Rockwool International A/S Class B Royal Unibrew A/S SimCorp A/S Spar Nord Bank A/S Sydbank A/S TDC A/S Topdanmark A/Sa Tryg A/S Vestas Wind Systems A/S William Demant Holding A/Sa FINLAND — 1.58% Amer Sports OYJ Cargotec OYJ Class B Caverion Corp. Citycon OYJ Elisa OYJ Fortum OYJ Huhtamaki OYJ

Shares

Value

6,335 $ 314,901 13,041 976,100 10,765 536,650 21,904,467 4,884 384 711 3,320 11,384 11,475 12,092 72,912 5,186 19,207 5,669 5,617 18,871 16,988 8,452 3,677 206,696 25,173 11,470 4,150 1,054 5,300 6,202 20,647 10,094 92,816 11,769 12,092 19,530 3,686

168,354 522,968 1,000,037 126,704 1,108,916 714,285 906,951 2,062,266 207,095 808,383 220,189 832,398 371,130 645,190 346,102 209,531 11,543,016 1,206,683 1,489,725 114,634 175,659 239,460 278,877 168,396 285,502 475,057 311,507 228,319 1,397,512 378,906 28,543,752

12,173 3,347 16,674 70,937 14,775 49,881 8,777

359,991 126,505 122,224 179,882 551,844 751,846 344,809

45

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For personal use only

April 30, 2016 Security

Shares

Kemira OYJ Kesko OYJ Class B Kone OYJ Class B Konecranes OYJ Metsa Board OYJ Metso OYJ Neste OYJ Nokia OYJ Nokian Renkaat OYJ Orion OYJ Class B Outokumpu OYJa,b Outotec OYJa,b Sampo OYJ Class A Sponda OYJ Stora Enso OYJ Class R Tieto OYJ UPM-Kymmene OYJ Uponor OYJ Valmet OYJ Wartsila OYJ Abp YIT OYJ

14,002 $ 169,674 253,155 6,335 35,377 1,614,278 119,892 5,226 18,318 115,078 276,278 11,492 440,751 13,773 608,018 3,586,424 433,944 11,759 10,316 359,898 132,199 31,519 21,386 85,192 2,051,500 46,975 178,918 41,087 56,647 494,390 207,188 7,889 54,970 1,050,171 145,978 9,462 216,781 17,285 14,890 638,511 84,175 12,331 15,091,476

FRANCE — 14.32% ABC Arbitrage Accor SA Aeroports de Paris Air France-KLMa Air Liquide SA Airbus Group SE Alstom SAa Alten SA Altran Technologies SA APERAM SA ArcelorMittal Arkema SA Atos SE AXA SA BNP Paribas SA Boiron SA Bollore SA BOURBON SAb Bouygues SA Bureau Veritas SA Capgemini SA Carrefour SA

46

23,533 21,239 3,449 14,029 35,862 62,132 16,866 4,337 22,645 4,577 185,817 6,595 8,921 207,225 111,155 1,007 86,903 4,316 22,100 25,978 16,648 57,354

Value

162,799 941,054 434,139 125,845 4,066,378 3,886,203 431,166 268,239 336,007 179,941 1,049,655 526,333 793,810 5,225,151 5,886,875 80,736 344,389 63,670 737,092 615,905 1,554,596 1,625,508

Security Casino Guichard Perrachon SA Cellectis SAa,b CGG SAa Christian Dior SE Cie. de Saint-Gobain Cie. Generale des Etablissements Michelin Class B CNP Assurances Coface SAa Credit Agricole SA Danone SA Dassault Systemes DBV Technologies SAa Edenred Eiffage SA Electricite de France SA Elior Groupc Elis SA Engie SA Essilor International SA Etablissements Maurel et Proma,b Euler Hermes Group Eurazeo SA Eurofins Scientific SE Eutelsat Communications SA Faurecia Fonciere des Regions GameLoft SEa Gaztransport Et Technigaz SA Gecina SA Genfita,b Groupe Eurotunnel SE Registered Groupe Fnac SAa Havas SA Hermes International ICADE Iliad SA Imerys SA Ingenico Group SA Innate Pharma SAa Ipsen SA IPSOS JCDecaux SA Kering Klepierre

Shares

Value

6,158 $ 366,477 4,638 128,660 78,223 73,466 5,669 995,699 49,165 2,252,163 19,735 17,983 12,870 108,945 62,552 13,558 2,213 22,645 5,772 28,583 10,107 6,938 159,257 21,535 20,252 1,895 4,786 991 16,888 7,001 2,961 12,533 3,025 3,378 2,339 54,304 1,427 17,030 2,907 3,671 2,783 3,671 5,800 4,639 4,559 5,669 7,367 8,111 23,159

2,060,306 306,172 103,907 1,205,251 4,382,457 1,060,607 151,344 446,625 458,999 410,692 217,340 127,421 2,626,631 2,788,390 81,417 180,146 337,121 367,810 524,670 289,231 280,264 106,225 112,273 488,653 79,900 693,497 82,423 142,545 1,035,484 289,065 608,336 271,027 684,232 67,160 275,964 168,818 325,488 1,390,238 1,089,520

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BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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For personal use only

April 30, 2016 Security

Shares

Value

Korian SA L’Oreal SA Lagardere SCA Legrand SA LVMH Moet Hennessy Louis Vuitton SE Marie Brizard Wine & Spirits SAa Mercialys SA Metropole Television SA Natixis SA Neopost SA Nexans SAa Nexity SA Numericable-SFR SA Orange SA Orpea Pernod Ricard SA Peugeot SAa Pierre & Vacances SAa Plastic Omnium SA Publicis Groupe SA Rallye SAb Remy Cointreau SA Renault SA Rexel SA Rubis SCA Safran SA Saft Groupe SA Sanofi Schneider Electric SE SCOR SE SEB SA SES SA Societe BIC SA Societe Generale SA Societe Television Francaise 1 Sodexo SA Solocal Groupa,b Sopra Steria Group SPIE SAa STMicroelectronics NV Suez Environnement Co. Technicolor SA Registered Technip SA Teleperformance

5,669 $ 178,622 4,794,536 26,419 13,780 365,690 1,587,745 27,870 29,360 4,879,344 61,835 3,227 215,029 9,650 7,464 141,612 555,025 100,600 4,559 111,639 181,252 3,893 5,225 280,252 376,639 11,504 3,454,833 208,315 5,003 412,631 2,421,315 22,423 45,083 725,741 54,017 1,379 206,227 6,226 19,469 1,441,172 83,452 4,337 3,227 267,889 1,948,266 20,183 30,843 467,363 402,435 5,155 2,253,543 32,700 3,616 112,403 123,891 10,232,300 58,388 3,801,156 552,472 16,222 2,561 287,076 917,203 33,612 458,124 3,227 74,938 2,939,684 158,694 13,202 10,103 1,020,488 44,555 7,481 206,930 1,780 6,975 137,408 423,009 68,853 33,079 609,981 266,289 38,814 10,760 629,878 588,788 6,557

Security

Shares

Thales SA Total SA UBISOFT Entertainmenta Unibail-Rodamco SE Valeo SA Veolia Environnement SA Vicat SA Vinci SA Vivendi SA Wendel SA Zodiac Aerospace

10,933 $ 945,419 233,272 11,737,127 11,812 343,227 10,125 2,713,619 8,273 1,311,880 49,079 1,206,041 2,561 178,341 50,633 3,783,429 124,653 2,392,846 3,449 398,586 20,647 484,193 136,218,855

GERMANY — 12.77% Aareal Bank AG adidas AG Allianz SE Registered Alstria office REIT AG Aurubis AG Axel Springer SE BASF SE Bayer AG Registered Bayerische Motoren Werke AG Bechtle AG Beiersdorf AG Bilfinger SE Brenntag AG Commerzbank AG CompuGroup Medical SE Continental AG CTS Eventim AG & Co. KGaA Daimler AG Registered Deutsche Bank AG Registered Deutsche Boerse AG Deutsche Euroshop AG Deutsche Lufthansa AG Registered Deutsche Post AG Registered Deutsche Telekom AG Registered Deutsche Wohnen AG Bearer Dialog Semiconductor PLCa DMG Mori AG Drillisch AG Duerr AG E.ON SE ElringKlinger AG Evonik Industries AG

6,335 22,489 48,875 17,110 4,428 4,559 96,235 86,752 34,760 2,561 11,060 4,071 16,444 138,036 3,066 11,572 6,801 100,659 144,676 20,425 5,669 25,753 101,266 354,258 35,225 8,349 6,637 5,891 3,005 213,810 5,225 14,769

Value

225,075 2,900,324 8,298,880 240,062 240,318 254,608 7,952,568 10,010,656 3,204,894 267,512 992,630 177,486 964,496 1,290,092 120,449 2,542,114 238,281 6,996,934 2,729,154 1,677,099 264,232 399,968 2,973,854 6,201,876 1,079,025 290,127 318,054 243,137 240,649 2,206,188 127,888 467,972

47

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For personal use only

April 30, 2016 Security

Fraport AG Frankfurt Airport Services Worldwide Freenet AG Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA GEA Group AG Gerresheimer AG Gerry Weber International AGb Grand City Properties SA GRENKELEASING AG Hannover Rueck SE HeidelbergCement AG Heidelberger Druckmaschinen AGa,b Henkel AG & Co. KGaA HUGO BOSS AG Indus Holding AG Infineon Technologies AG K+S AG Registered KION Group AG Kloeckner & Co. SE Krones AG KUKA AGb Lanxess AG LEG Immobilien AG LEONI AG Linde AG MAN SE Merck KGaA METRO AG MorphoSys AGa,b MTU Aero Engines AG Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered Nemetschek SE Nordex SEa NORMA Group SE Osram Licht AG Pfeiffer Vacuum Technology AG ProSiebenSat.1 Media SE Registered QIAGEN NVa QSC AG Rational AG Rheinmetall AG RHOEN-KLINIKUM AG

48

Shares

Value

4,337 $ 262,576 15,112 461,618 23,311 2,022,467 40,865 2,973,035 916,328 19,759 3,942 293,202 59,385 4,115 249,284 11,283 1,176 231,942 773,171 6,779 14,668 1,303,511 74,311 32,968 12,093 1,228,974 441,963 6,929 244,681 4,805 119,352 1,698,494 482,874 19,357 6,682 364,140 168,609 14,468 2,339 266,665 322,146 3,269 516,329 9,872 6,048 559,777 148,298 4,115 19,537 2,985,051 422,476 3,893 14,002 1,316,172 17,734 563,648 139,294 2,783 5,891 556,109 17,975 2,719 7,779 4,559 9,650 1,678 22,867 26,531 19,858 389 4,781 9,434

3,334,171 151,973 217,842 234,504 503,723 180,389 1,166,010 594,679 30,819 197,531 374,115 293,200

Security

Shares

RTL Group SAa RWE AGa Salzgitter AG SAP SE SGL Carbon SEa,b Siemens AG Registered Sixt SE SMA Solar Technology AGa,b Software AG STADA Arzneimittel AG Stroeer SE & Co. KGaAb Suedzucker AG Symrise AG TAG Immobilien AG Telefonica Deutschland Holding AG ThyssenKrupp AG United Internet AG Registeredd Volkswagen AG Vonovia SE Vossloh AGa Wacker Chemie AG Wincor Nixdorf AGa Wirecard AGb Zalando SEa,c zooplus AGa

4,337 $ 54,646 4,997 103,620 5,433 83,165 2,281 1,175 7,667 5,649 2,928 10,154 14,002 17,983 73,967 40,382 13,558 3,802 47,774 1,297 1,525 3,935 13,336 9,534 710

IRELAND — 0.84% Bank of Irelanda C&C Group PLC CRH PLC Glanbia PLC Kerry Group PLC Class A Kingspan Group PLC Paddy Power Betfair PLC Ryanair Holdings PLC ADR Smurfit Kappa Group PLC ISRAEL — 0.01% Plus500 Ltd. ITALY — 3.70% A2A SpA Anima Holding SpAc Ansaldo STS SpA

Value 362,420 816,470 169,152 8,108,293 63,565 8,679,452 132,064 62,243 293,035 239,716 144,204 179,100 927,911 238,820 375,640 939,368 662,064 602,462 1,607,886 89,800 146,248 230,080 576,073 316,018 99,617 121,523,789

2,892,479 39,636 86,773 19,315 16,724 16,868 8,496 3,897 26,479

877,918 178,093 2,521,408 364,135 1,491,586 444,354 1,139,001 315,462 702,086 8,034,043

8,147

70,294 70,294

201,599 23,311 22,648

287,703 165,001 274,963

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BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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For personal use only

April 30, 2016 Security

Ascopiave SpA Assicurazioni Generali SpA Atlantia SpA Autogrill SpAa Azimut Holding SpA Banca Carige SpAa,b Banca Generali SpA Banca Mediolanum SpA Banca Monte dei Paschi di Siena SpAa Banca Popolare dell’Emilia Romagna SC Banca Popolare di Milano Scarl Banca Popolare di Sondrio Scarl Banco Popolare SC Beni Stabili SpA SIIQ Brembo SpA Buzzi Unicem SpA Cerved Information Solutions SpA CNH Industrial NV Credito Emiliano SpA Credito Valtellinese SCa Davide Campari-Milano SpA De’ Longhi SpA Enel SpA Eni SpA EXOR SpA Ferrari NVa,b Fiat Chrysler Automobiles NV FinecoBank Banca Fineco SpA Finmeccanica SpAa Hera SpA Immobiliare Grande Distribuzione SIIQ SpA Intesa Sanpaolo SpA Iren SpA Italcementi SpA Luxottica Group SpA Mediaset SpA Mediobanca SpA Moleskine SpA Moncler SpA Prysmian SpA Recordati SpA Saipem SpAa Salini Impregilo SpA

Shares

Value

61,171 $ 167,309 124,799 1,903,940 45,305 1,261,966 195,561 23,089 8,827 222,218 63,732 77,988 240,888 8,111 27,426 225,698 230,450 284,791 53,290 311,587 197,420 260,372 52,665 196,522 116,889 16,554 86,675 116,964 4,256 228,668 233,277 12,314 25,003 201,176 780,506 101,710 93,005 12,879 143,788 112,152 400,994 41,531 9,197 211,834 880,225 3,990,318 266,639 4,336,607 444,010 11,819 604,011 13,412 93,230 748,534 247,740 30,856 24,295 306,924 350,293 116,466 63,796 57,944 1,330,847 3,688,769 198,285 107,196 21,555 255,768 979,845 17,984 78,828 354,822 560,353 68,187 124,716 54,120 15,163 245,916 549,737 23,311 14,562 370,098 326,510 681,996 25,204 110,331

Security Salvatore Ferragamo SpA Snam SpA Societa Cattolica di Assicurazioni Scrl Tamburi Investment Partners SpA Telecom Italia SpA/Milanoa Tenaris SA Terna Rete Elettrica Nazionale SpA Tod’s SpAb Trevi Finanziaria Industriale SpA UniCredit SpA Unione di Banche Italiane SpA Unipol Gruppo Finanziario SpA UnipolSai SpA Yoox Net-A-Porter Group SpAa NETHERLANDS — 4.49% Aalberts Industries NV Aegon NV AerCap Holdings NVa,b Akzo Nobel NV Altice NV Class Aa,b Altice NV Class Ba Arcadis NV ASM International NV ASML Holding NV BE Semiconductor Industries NV Boskalis Westminster Corbion NV Delta Lloyd NV Eurocommercial Properties NV Euronext NVc Flow Tradersc Fugro NV CVAa Gemalto NV Heineken Holding NV Heineken NV IMCD Group NV ING Groep NV CVA Koninklijke Ahold NV Koninklijke BAM Groep NV Koninklijke DSM NV Koninklijke KPN NV Koninklijke Philips NV Koninklijke Vopak NV NN Group NV

Shares

Value

7,216 $ 167,032 243,300 1,485,277 16,904 117,424 32,730 117,560 1,207,237 1,175,302 49,519 668,121 182,589 1,029,747 1,673 115,545 18,969 30,590 505,249 1,952,489 98,635 418,221 50,859 217,860 125,909 293,900 6,158 180,276 35,231,009 12,092 192,201 9,013 25,309 40,560 10,008 7,889 7,001 37,078 5,194 10,316 7,191 51,368 5,669 7,175 3,688 7,889 8,555 10,982 24,421 4,947 404,264 89,748 29,703 18,649 340,651 99,712 8,111 33,407

414,379 1,103,328 360,610 1,794,045 615,534 152,969 135,128 285,662 3,584,237 156,517 430,140 183,585 262,048 265,044 303,240 146,596 160,564 556,553 906,764 2,289,392 199,785 4,952,037 1,953,064 143,055 1,144,021 1,340,215 2,740,922 440,761 1,157,829

49

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April 30, 2016 Security

Shares

NSI NV NXP Semiconductors NVa OCI NVa PostNL NVa Randstad Holding NV RELX NV SBM Offshore NVb TKH Group NV TNT Express NVa TomTom NVa Unilever NV CVA USG People NV Wereldhave NV Wessanen Wolters Kluwer NV

19,171 $ 91,014 1,206,627 14,149 8,856 175,123 229,236 52,394 13,336 716,445 1,787,344 106,484 259,338 19,361 7,104 280,711 475,259 52,346 11,738 106,948 7,485,713 170,357 6,985 139,285 207,302 4,023 123,938 11,998 32,088 1,221,452 42,683,759

NORWAY — 1.21% Akastor ASAa Aker Solutions ASAa Bakkafrost P/F Borregaard ASA BW LPG Ltd.c Det Norske Oljeselskap ASAa,b DNB ASA DNO ASAa,b Gjensidige Forsikring ASA Hexagon Composites ASAa Kongsberg Automotive ASAa Leroy Seafood Group ASA Marine Harvest ASA Norsk Hydro ASA Norwegian Air Shuttle ASAa,b Norwegian Property ASAa Opera Software ASAb Orkla ASA Petroleum Geo-Services ASAb Prosafe SEb REC Silicon ASAa,b Salmar ASA Schibsted ASA Schibsted ASA Class Ba Seadrill Ltd.a,b Selvaag Bolig ASA Statoil ASA Storebrand ASAa

50

20,876 20,003 4,530 14,679 15,334 11,361 105,469 86,474 24,865 10,566 126,473 2,319 39,636 152,299 3,040 45,558 18,427 92,933 29,207 116,659 323,438 5,439 8,555 8,487 38,791 12,089 120,344 48,774

Value

29,036 76,759 160,276 109,833 92,168 101,443 1,350,395 99,819 425,824 32,279 102,248 113,180 616,763 662,544 140,063 50,863 150,577 811,340 103,337 70,554 71,095 135,091 249,563 241,256 188,166 39,334 2,126,702 206,487

Security

Shares

Subsea 7 SAa Telenor ASA TGS Nopec Geophysical Co. ASA Thin Film Electronics ASAa XXL ASAc Yara International ASA

31,451 $ 289,421 83,165 1,431,466 11,870 198,562 172,680 90,497 12,059 145,639 19,810 793,153 11,505,733

PORTUGAL — 0.32% Banco BPI SA Registereda,b,d Banco Comercial Portugues SA Registereda,b CTT-Correios de Portugal SA EDP — Energias de Portugal SA Galp Energia SGPS SA Jeronimo Martins SGPS SA Navigator Co. SA (The) NOS SGPS SA Sonae SGPS SA SPAIN — 4.92% Abertis Infraestructuras SA Acciona SA Acerinox SA ACS Actividades de Construccion y Servicios SA Aena SAa,c Almirall SA Amadeus IT Holding SA Class A Applus Services SA Atresmedia Corp. de Medios de Comunicacion SA Axiare Patrimonio SOCIMI SA Banco Bilbao Vizcaya Argentaria SA Banco de Sabadell SA Banco de Sabadell SA Newa Banco Popular Espanol SA Banco Santander SA Bankia SA Bankinter SA CaixaBank SA Cellnex Telecom SAUc Cia. de Distribucion Integral Logista Holdings SA CIE Automotive SA Corp Financiera Alba SA

Value

61,801

77,437

5,022,787 23,401 242,619 42,515 28,536 38,834 37,266 158,565

222,635 216,241 862,551 584,091 467,050 138,551 267,406 176,164 3,012,126

51,440 3,353 18,699

867,549 268,595 220,915

20,657 7,013 9,868 46,808 13,071

683,168 1,000,427 162,188 2,130,522 120,665

12,573 16,266 687,565 532,273 15,469 193,759 1,529,658 491,972 79,494 282,315 17,831

163,733 247,782 4,711,626 1,017,487 29,570 527,064 7,745,561 458,109 606,018 850,085 294,291

5,225 7,688 3,671

115,141 138,818 150,608

ˆ200F9Gq$mBMzQ2d%FŠ 200F9Gq$mBMzQ2d%F

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April 30, 2016 Security

Shares

Value

Deoleo SAa Distribuidora Internacional de Alimentacion SA Ebro Foods SA Enagas SA Ence Energia y Celulosa SA Endesa SA Euskaltel SAa,c Faes Farma SA Ferrovial SA Fomento de Construcciones y Contratas SAa Gamesa Corp. Tecnologica SA Gas Natural SDG SA Grifols SA Grupo Catalana Occidente SA Hispania Activos Inmobiliarios SAa Iberdrola SA Indra Sistemas SAa,b Industria de Diseno Textil SA Inmobiliaria Colonial SAa International Consolidated Airlines Group SA Lar Espana Real Estate SOCIMI SA Liberbank SAa Mapfre SA Mediaset Espana Comunicacion SA Melia Hotels International SAb Merlin Properties SOCIMI SA Miquel y Costas & Miquel SA NH Hotel Group SAa Obrascon Huarte Lain SA Papeles y Cartones de Europa SA Promotora de Informaciones SAa,b Prosegur Cia. de Seguridad SA Red Electrica Corp. SA Repsol SA Sacyr SA Saeta Yield SA Tecnicas Reunidas SAb Telefonica SA Viscofan SA Zardoya Otis SA

211,399 $ 53,268 387,005 69,726 11,648 264,019 31,569 1,036 18,494 53,379 665,363 31,684 124,782 11,325 44,294 139,260 1,015,603 47,191 25,748 223,597 491,668 24,965 34,588 719,613 717,205 32,966 235,775 7,445 12,536 183,784 4,296,227 604,613 14,668 171,864 3,711,195 115,578 197,841 257,812 91,455 703,382 177,985 17,301 70,855 85,211 283,636 111,802 26,197 340,254 132,470 10,524 321,265 27,635 2,356 96,065 172,513 35,862 16,954 120,024 83,069 13,431 8,193 58,011 230,539 39,858 50,456 565 119,931 1,572,118 106,795 50,157 15,990 170,321 139,714 4,159 5,175,287 474,535 6,779 380,374 233,349 21,978 46,825,777

Security

Shares

Value

SWEDEN — 5.02% AAK AB AF AB Class B Alfa Laval AB Arcam ABa Assa Abloy AB Atlas Copco AB Class A Atlas Copco AB Class B Avanza Bank Holding AB Axfood AB Betsson AB BillerudKorsnas AB Boliden AB Castellum AB Com Hem Holding AB Electrolux AB Class B Elekta AB Class Bb Evolution Gaming Group ABc Fabege AB Fastighets AB Balder Class Ba Fingerprint Cards ABa,b Getinge AB Class B Hemfosa Fastigheter AB Hennes & Mauritz AB Class B Hexagon AB Class B Hexpol AB Holmen AB Class B Hufvudstaden AB Class A Husqvarna AB Class B ICA Gruppen AB Industrivarden AB Class C Indutrade AB Intrum Justitia AB Investment AB Kinnevik Class B Investor AB Class B JM AB Kungsleden AB L E Lundbergforetagen AB Class B Lifco AB Class B Loomis AB Class B Lundin Petroleum ABa Meda AB Class A Medivir AB Class Ba Millicom International Cellular SA SDR Modern Times Group MTG AB Class B

4,115 $ 311,095 12,314 211,055 33,420 527,392 2,791 60,882 105,691 2,218,570 70,614 1,829,066 40,865 981,581 2,561 100,717 7,958 147,505 12,116 164,014 20,869 324,385 29,355 512,275 17,776 284,728 16,382 145,392 25,309 735,062 40,865 299,008 4,336 155,659 18,205 304,080 8,316 212,190 6,574 394,156 22,201 469,898 18,612 194,299 105,435 3,752,182 27,426 1,094,654 30,756 318,201 6,113 210,918 15,112 234,334 47,303 377,365 8,111 266,611 16,143 294,188 5,669 318,201 10,327 370,989 25,531 735,145 48,635 1,786,578 8,777 254,040 16,366 112,711 5,003 271,963 4,860 126,006 7,914 219,788 24,199 453,668 30,555 564,067 4,602 31,837 7,001 404,922 5,426 162,866

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For personal use only

April 30, 2016 Security

Shares

NCC AB Class B NetEnt AB Nibe Industrier AB Class B Nobia AB Nordea Bank AB Opus Group AB Oriflame Holding AGa Peab AB Ratos AB Class B Saab AB Sandvik AB SAS ABa,b Securitas AB Class B Skandinaviska Enskilda Banken AB Class A Skanska AB Class B SKF AB Class B SSAB AB Class Aa Svenska Cellulosa AB SCA Class B Svenska Handelsbanken AB Class A Swedbank AB Class A Swedish Match AB Swedish Orphan Biovitrum ABa Tele2 AB Class B Telefonaktiebolaget LM Ericsson Class B Telia Co. AB Trelleborg AB Class B Unibet Group PLC Volvo AB Class B Vostok New Ventures Ltd.a Wallenstam AB Class B Wihlborgs Fastigheter AB

9,428 $ 322,475 216,379 3,434 9,872 343,323 143,057 12,536 320,889 3,117,913 26,801 49,542 102,081 5,074 27,648 230,904 149,511 25,531 8,333 285,334 1,143,952 111,375 15,911 45,616 570,331 36,084 1,529,803 160,010 40,199 884,910 777,934 42,197 37,440 157,461 2,080,649 66,002 2,102,142 157,758 95,648 2,064,984 718,943 22,645 17,619 257,176 331,819 34,752 325,502 2,637,303 1,307,340 273,483 485,834 26,641 29,933 338,043 1,895,080 161,736 10,925 62,234 211,079 25,087 12,092 245,685 47,730,339

SWITZERLAND — 13.19% ABB Ltd. Registered Actelion Ltd. Registered Adecco SA Registered AFG Arbonia-Forster Holding AG Registereda Allreal Holding AG Registered Aryzta AG Baloise Holding AG Registered Banque Cantonale Vaudoise Registered

52

227,841 11,001 17,554 9,060 2,561 9,650 5,003 341

Value

4,820,673 1,778,983 1,130,892 126,188 357,231 375,026 619,568 235,338

Security Barry Callebaut AG Registered Basilea Pharmaceutica AG Registereda,b BKW AG Bucher Industries AG Registered Burckhardt Compression Holding AG Cembra Money Bank AG Chocoladefabriken Lindt & Sprungli AG Participation Certificates Chocoladefabriken Lindt & Sprungli AG Registered Cie. Financiere Richemont SA Class A Registered Clariant AG Registered Cosmo Pharmaceuticals SAa,b Credit Suisse Group AG Registered Daetwyler Holding AG Bearer dorma+kaba Holding AG Class B Dufry AG Registereda,b Emmi AG EMS-Chemie Holding AG Registered Flughafen Zuerich AG Registered Forbo Holding AG Registered Galenica AG Registered GAM Holding AG Gategroup Holding AG Geberit AG Registered Georg Fischer AG Registered Givaudan SA Registered Helvetia Holding AG Registered Implenia AG Registered Julius Baer Group Ltd. Kuehne + Nagel International AG Registered Kuoni Reisen Holding AG Class B Registereda,b LafargeHolcim Ltd. Registered Leonteq AG Logitech International SA Registered Lonza Group AG Registered Meyer Burger Technology AGa,b Mobimo Holding AG Registered Myriad Group AGa,b Nestle SA Registered Novartis AG Registered

Shares

Value

225 $ 1,638 3,630 1,007 543 3,058

264,554 134,236 157,925 241,533 193,463 209,769

96

587,919

10

732,290

54,528 31,644 581 190,993 1,480 478 4,241 274 826 527 148 420 19,537 3,414 3,893 454 1,017 675 3,449 23,828 5,669

3,629,511 599,206 96,015 2,903,253 220,186 310,189 558,387 164,371 408,691 484,114 180,348 614,335 254,786 188,242 1,495,871 368,979 2,005,352 363,380 230,293 1,019,495 817,377

563 49,288 907 20,183 5,810 16,444 1,598 15,859 335,074 240,354

220,119 2,497,567 63,164 309,536 967,424 75,486 366,281 50,961 24,995,087 18,355,673

ˆ200F9Gq$mBM!G7WZnŠ 200F9Gq$mBM!G7WZn

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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April 30, 2016 Security

Shares

Value

OC Oerlikon Corp. AG Registered Orascom Development Holding AGa,b Panalpina Welttransport Holding AG Registered Pargesa Holding SA Bearer Partners Group Holding AG PSP Swiss Property AG Registered Roche Holding AG Santhera Pharmaceutical Holding AGa,b Schindler Holding AG Participation Certificates Schindler Holding AG Registered Schmolz + Bickenbach AG Registereda SGS SA Registered Sika AG Bearer Sonova Holding AG Registered Straumann Holding AG Registered Sulzer AG Registered Sunrise Communications Group AGc Swatch Group AG (The) Bearer Swatch Group AG (The) Registered Swiss Life Holding AG Registered Swiss Prime Site AG Registered Swiss Re AG Swisscom AG Registered Syngenta AG Registered Tecan Group AG Registered Temenos Group AG Registered U-Blox AG UBS Group AG Valiant Holding AG Registered Vontobel Holding AG Registered Zurich Insurance Group AG

1,673 3,671 1,784 5,003 74,475 679

195,663 255,266 735,190 482,292 18,842,136 49,659

4,115 2,783 70,927 563 225 5,891 1,229 2,561 4,034 3,227 5,225 3,449 6,504 36,505 2,700 9,692 1,800 7,163 785 382,063 2,624 2,720 15,600

750,016 511,886 51,799 1,239,951 958,451 787,925 426,335 233,923 247,048 1,102,937 349,424 871,156 570,330 3,241,080 1,370,423 3,882,867 250,141 371,789 155,935 6,616,845 291,008 117,767 3,494,335 125,463,859

UNITED KINGDOM — 30.41% 3i Group PLC AA PLC Abcam PLC Aberdeen Asset Management PLC Admiral Group PLC Aggreko PLC Allied Minds PLCa Amec Foster Wheeler PLC

106,820 63,229 15,413 94,162 24,256 26,982 20,607 43,276

741,093 258,051 133,439 412,021 659,841 429,647 115,979 313,108

20,869 $ 3,420

201,614 29,401

Security Amerisur Resources PLCa,b Anglo American PLC Antofagasta PLC AO World PLCa,b ARM Holdings PLC Ashmore Group PLCb Ashtead Group PLC ASOS PLCa,b Associated British Foods PLC AstraZeneca PLC Auto Trader Group PLCc Avanti Communications Group PLCa,b AVEVA Group PLC Aviva PLC Babcock International Group PLC BAE Systems PLC Balfour Beatty PLCa Barclays PLC Barratt Developments PLC BBA Aviation PLC Beazley PLC Bellway PLC Berendsen PLC Berkeley Group Holdings PLC BGEO Group PLC BHP Billiton PLC Big Yellow Group PLC Bodycote PLC boohoo.com PLCa,b Booker Group PLC Bovis Homes Group PLC BP PLC Brewin Dolphin Holdings PLC British American Tobacco PLC British Land Co. PLC (The) Britvic PLC BT Group PLC BTG PLCa Bunzl PLC Burberry Group PLC Cable & Wireless Communications PLC Cairn Energy PLCa Capita PLC Capital & Counties Properties PLC

Shares

Value

90,717 $ 36,545 147,689 1,651,614 33,910 240,029 40,060 106,981 146,215 2,008,036 37,194 167,325 51,950 690,622 5,669 299,046 37,945 1,703,145 132,454 7,621,577 96,055 527,666 61,225 86,549 7,667 180,825 419,017 2,654,151 24,349 337,963 327,212 2,287,857 74,388 260,005 1,742,644 4,378,054 101,488 791,667 113,033 331,495 67,077 320,233 12,980 465,283 23,089 399,113 13,010 570,798 5,225 175,279 219,958 3,006,604 24,951 294,599 24,421 213,215 92,052 64,389 162,452 385,521 17,110 218,562 1,915,749 10,488,855 41,531 166,698 194,810 11,900,236 89,825 946,094 28,758 296,578 881,049 5,720,159 41,531 360,166 33,864 1,011,495 44,861 781,374 315,549 340,215 73,500 241,074 66,055 968,608 73,056 378,315

53

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For personal use only

April 30, 2016 Security

Shares

Card Factory PLC Carillion PLCb Carnival PLC Centamin PLC Centrica PLC Cineworld Group PLC Close Brothers Group PLC Cobham PLC Coca-Cola HBC AGa Compass Group PLC Countrywide PLC Crest Nicholson Holdings PLC Croda International PLC CYBG PLCa Daily Mail & General Trust PLC Class A NVS Dairy Crest Group PLC DCC PLC De La Rue PLC Debenhams PLC Derwent London PLC Devro PLC Diageo PLC Dignity PLC Diploma PLC Direct Line Insurance Group PLC Dixons Carphone PLC Domino’s Pizza Group PLC Drax Group PLCb DS Smith PLC Dunelm Group PLC easyJet PLC Electrocomponents PLC Elementis PLC EnQuest PLCa,b Enterprise Inns PLCa Entertainment One Ltd. Essentra PLC esure Group PLC Evraz PLCa Experian PLC Fenner PLC FirstGroup PLCa Foxtons Group PLC Fresnillo PLC

34,038 $ 181,648 202,769 47,081 18,807 935,887 283,781 160,232 534,850 1,867,869 220,930 29,115 319,281 17,983 119,796 270,253 437,100 21,313 168,654 3,011,679 121,223 23,284 35,275 269,224 607,811 13,780 263,339 81,067 31,422 321,290 205,353 24,811 9,758 866,247 118,286 16,666 193,950 168,875 9,206 442,876 81,700 19,972 262,252 7,091,837 284,233 7,952 21,313 228,385 745,759 140,670 580,240 93,155 21,197 285,208 212,110 45,305 95,494 533,398 189,839 14,668 16,888 364,409 215,474 56,968 181,578 57,412 113,154 66,718 122,200 96,160 34,891 94,557 320,951 26,982 188,809 48,021 37,646 78,310 102,154 1,872,065 38,526 80,987 201,876 138,016 39,069 82,701 491,576 30,150

54

Value

Security G4S PLC Galliford Try PLC Genus PLC GKN PLC GlaxoSmithKline PLC Glencore PLC Globo PLCa Go-Ahead Group PLC Grafton Group PLC Grainger PLC Great Portland Estates PLC Greencore Group PLC Greene King PLC Greggs PLC Gulf Keystone Petroleum Ltd.a,b GVC Holdings PLC GW Pharmaceuticals PLCa,b Halfords Group PLC Halma PLC Hammerson PLC Hansteen Holdings PLC Hargreaves Lansdown PLC Hays PLC Helical Bar PLC Henderson Group PLC Hikma Pharmaceuticals PLC Hiscox Ltd. Home Retail Group PLC Homeserve PLC Howden Joinery Group PLC HSBC Holdings PLC Hunting PLC ICAP PLC IG Group Holdings PLC Imagination Technologies Group PLCa,b IMI PLC Imperial Brands PLC Inchcape PLC Indivior PLC Informa PLC Inmarsat PLC InterContinental Hotels Group PLC Intermediate Capital Group PLC International Personal Finance PLC

Shares

Value

166,433 $ 459,334 13,780 257,578 10,646 233,930 207,766 848,242 509,481 10,889,089 1,293,913 3,087,695 33,626 1 6,557 246,377 26,982 272,927 65,611 213,949 35,196 390,815 51,506 272,228 29,593 354,610 12,314 186,341 138,238 10,226 23,598 187,363 32,627 217,827 26,197 161,985 45,305 591,997 66,277 567,487 146,215 222,330 25,753 485,151 165,767 311,068 13,093 73,603 114,468 428,601 16,909 545,931 33,653 443,931 93,274 233,103 35,929 218,004 73,278 530,284 2,067,099 13,702,131 17,332 93,053 58,966 404,687 41,753 472,798 30,112 68,703 27,648 378,690 100,378 5,467,825 42,419 420,996 86,652 204,114 58,589 561,738 45,083 613,862 23,986 958,892 40,863 367,542 26,775 104,960

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BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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April 30, 2016 Security

Interserve PLC Intertek Group PLC Intu Properties PLC Investec PLC ITE Group PLC ITV PLC J D Wetherspoon PLC J Sainsbury PLC John Menzies PLC John Wood Group PLC Johnson Matthey PLC Jupiter Fund Management PLC Just Eat PLCa KAZ Minerals PLCa Keller Group PLC Kier Group PLC Kingfisher PLC Ladbrokes PLC Laird PLC Lancashire Holdings Ltd. Land Securities Group PLC Legal & General Group PLC Lloyds Banking Group PLC London Stock Exchange Group PLC LondonMetric Property PLC Majestic Wine PLCa Man Group PLC Marks & Spencer Group PLC Marston’s PLC Mediclinic International PLC Meggitt PLC Melrose Industries PLC Merlin Entertainments PLCc Michael Page International PLC Micro Focus International PLC Mitchells & Butlers PLC Mitie Group PLC Mondi PLC Moneysupermarket.com Group PLC Morgan Advanced Materials PLC Mothercare PLCa N Brown Group PLC Nanoco Group PLCa,b National Express Group PLC National Grid PLC

Shares

Value

21,535 $ 134,799 773,981 16,222 77,718 346,443 434,756 56,746 35,342 80,377 396,597 1,308,356 157,553 16,222 134,242 568,125 77,259 10,585 39,977 365,722 833,485 19,708 41,531 256,070 254,204 45,249 100,135 39,858 13,558 175,473 242,588 13,916 244,610 1,303,961 172,716 100,600 227,825 44,639 26,965 217,058 77,052 1,277,729 615,010 2,009,972 5,965,709 5,861,363 32,507 1,291,918 214,232 92,267 75,424 11,782 175,833 380,185 165,101 1,024,263 89,825 189,087 556,385 41,968 79,938 480,935 130,226 23,814 388,997 61,540 34,530 205,620 434,237 19,387 30,978 121,935 213,172 53,638 712,671 37,194 62,503 287,409 151,958 43,973 25,019 44,622 95,724 24,337 39,602 22,625 315,152 66,277 388,620 5,549,437

Security NewRiver Retail Ltd. Next PLC Northgate PLC Ocado Group PLCa,b Old Mutual PLC Ophir Energy PLCa,b Oxford Instruments PLC Paragon Group of Companies PLC (The) Paysafe Group PLCa Pearson PLC Pennon Group PLC Persimmon PLC Petra Diamonds Ltd. Petrofac Ltd. Pets at Home Group PLC Phoenix Group Holdings Playtech PLC Poundland Group PLC Premier Farnell PLC Premier Foods PLCa Provident Financial PLC Prudential PLC QinetiQ Group PLC Randgold Resources Ltd. Reckitt Benckiser Group PLC Redrow PLC Regus PLC RELX PLC Renishaw PLC Rentokil Initial PLC Restaurant Group PLC (The) Rexam PLC Rightmove PLC Rio Tinto PLC Rolls-Royce Holdings PLC Rolls-Royce Holdings PLC Newa Rotork PLC Royal Bank of Scotland Group PLCa Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B Royal Mail PLC RPC Group PLC RPS Group PLC RSA Insurance Group PLC

Shares

Value

24,386 $ 115,207 15,847 1,180,446 25,309 149,524 62,507 270,671 499,385 1,357,024 70,545 77,868 9,650 92,805 40,643 176,947 49,162 274,531 85,163 1,004,281 40,643 483,448 35,880 1,044,380 78,634 135,925 26,641 329,773 31,786 112,870 26,661 335,879 21,979 259,025 26,772 67,456 62,947 111,806 107,926 61,659 15,556 664,042 267,033 5,271,109 80,279 263,073 9,989 990,647 67,077 6,538,298 23,282 130,625 79,494 340,502 112,697 1,997,588 3,835 106,515 220,174 567,981 25,309 101,994 69,282 634,320 10,760 608,111 131,151 4,419,795 196,404 1,926,235 13,944,684 20,428 92,489 253,361 402,579 1,356,398 413,866 10,788,623 416,407 10,894,511 91,304 651,235 40,446 432,224 40,425 103,336 109,155 734,107

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April 30, 2016 Security

Shares

SABMiller PLC Safestore Holdings PLC Sage Group PLC (The) Savills PLC Schroders PLC Segro PLC Senior PLC Serco Group PLCa Severn Trent PLC Shaftesbury PLC Shire PLC SIG PLC Sirius Minerals PLCa Sky PLC Smith & Nephew PLC Smiths Group PLC SOCO International PLC Spectris PLC Speedy Hire PLC Spirax-Sarco Engineering PLC Spire Healthcare Group PLCc Spirent Communications PLC Sports Direct International PLCa SSE PLC SSP Group PLC ST Modwen Properties PLC St. James’s Place PLC Stagecoach Group PLC Standard Chartered PLC Standard Life PLC Stock Spirits Group PLC SuperGroup PLC SVG Capital PLCa Synthomer PLC TalkTalk Telecom Group PLCb Tate & Lyle PLC Taylor Wimpey PLC Ted Baker PLC Telecom Plus PLCb Tesco PLCa Thomas Cook Group PLCa Travis Perkins PLC Tritax Big Box REIT PLC TUI AG Tullett Prebon PLC

101,598 $6,228,578 94,362 19,024 116,244 1,008,093 226,837 20,869 11,426 420,792 413,154 67,521 174,516 54,748 116,955 164,474 818,422 25,087 28,536 380,402 61,837 3,859,830 80,501 159,790 68,591 240,117 107,601 1,479,309 93,940 1,590,804 625,319 38,526 31,422 68,009 334,408 12,536 44,949 83,493 7,395 369,945 131,090 27,316 121,913 140,194 162,276 28,758 102,907 2,276,303 185,119 43,924 154,986 34,530 54,970 698,157 201,492 53,416 359,589 2,908,255 942,883 197,378 31,863 75,265 82,375 4,613 286,047 37,916 46,386 236,469 222,282 56,746 51,728 445,565 884,010 327,434 105,827 3,029 8,984 122,526 849,875 2,142,615 153,453 198,380 667,120 24,643 88,000 174,933 774,520 53,352 183,441 36,972

56

Value

Security Tullow Oil PLCa UBM PLC UDG Healthcare PLC Ultra Electronics Holdings PLC Unilever PLC UNITE Group PLC (The) United Utilities Group PLC Vectura Group PLCa Vedanta Resources PLC Vesuvius PLC Victrex PLC Virgin Money Holdings UK PLC Vodafone Group PLC Weir Group PLC (The) WH Smith PLC Whitbread PLC William Hill PLC Wm Morrison Supermarkets PLC Wolseley PLC Workspace Group PLC Worldpay Group PLCa,c WPP PLC WS Atkins PLC Xaar PLC Xchanging PLCa Zoopla Property Group PLCc

Shares 98,625 $ 49,304 39,414 9,650 134,326 34,308 72,834 48,820 9,428 29,424 9,650 24,971 2,781,958 21,979 16,588 17,983 91,190 230,727 25,975 20,383 145,336 135,574 13,558 16,428 21,621 36,081

TOTAL COMMON STOCKS (Cost: $1,010,051,268)

Value 404,099 410,963 353,354 249,647 6,010,471 317,881 1,002,396 123,008 58,269 138,491 197,908 133,554 8,933,042 386,365 407,021 1,020,013 417,718 645,903 1,453,921 249,323 568,238 3,169,696 264,550 116,717 59,861 155,658 289,319,036 937,238,377

PREFERRED STOCKS — 0.82% GERMANY — 0.73% Bayerische Motoren Werke AG Fuchs Petrolub SE Henkel AG & Co. KGaA Jungheinrich AG Porsche Automobil Holding SE Sartorius AG Volkswagen AG ITALY — 0.09% Intesa Sanpaolo SpA Telecom Italia SpA/Milano

5,739 6,430 18,505 1,766 16,158 1,037 19,350

455,849 275,104 2,112,687 166,528 901,824 255,896 2,802,450 6,970,338

127,239 640,985

334,603 502,894 837,497

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Security TOTAL PREFERRED STOCKS (Cost: $9,216,996)

Value

$

7,807,835

RIGHTS — 0.00% SWEDEN — 0.00% Hemfosa Fastigheter ABa

18,612

TOTAL RIGHTS (Cost: $0)

6,728 6,728 6,728

SHORT-TERM INVESTMENTS — 0.98%

MONEY MARKET FUNDS — 0.98% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f

8,517,927

8,517,927

464,759

464,759

371,300

371,300 9,353,986

TOTAL SHORT-TERM INVESTMENTS (Cost: $9,353,986) TOTAL INVESTMENTS IN SECURITIES — 100.31% (Cost: $1,028,622,250) Other Assets, Less Liabilities — (0.31)% NET ASSETS — 100.00%

9,353,986

954,406,926 (2,989,326) $951,417,600

ADR — American Depositary Receipts NVS — Non-Voting Shares SDR — Swedish Depositary Receipts a b c

d e f

g

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Shares

Value

COMMON STOCKS — 99.16%

AUSTRALIA — 19.33% 1-Page Ltd.a,b Abacus Property Group Adelaide Brighton Ltd. AGL Energy Ltd. Ainsworth Game Technology Ltd. ALS Ltd. Altium Ltd. Alumina Ltd. Amcor Ltd./Australia AMP Ltd. Ansell Ltd. APA Group APN News & Media Ltd.a ARB Corp. Ltd.b Ardent Leisure Group Aristocrat Leisure Ltd. Arrium Ltd.a,b Asaleo Care Ltd. Asciano Ltd. ASX Ltd. Aurizon Holdings Ltd. AusNet Services Austal Ltd. Australia & New Zealand Banking Group Ltd. Australian Agricultural Co. Ltd.a Australian Pharmaceutical Industries Ltd. Automotive Holdings Group Ltd. Aveo Group Bank of Queensland Ltd. Beach Energy Ltd. Bellamy’s Australia Ltd.b Bendigo & Adelaide Bank Ltd. BHP Billiton Ltd. Billabong International Ltd.a BlueScope Steel Ltd. Boral Ltd. Brambles Ltd. Breville Group Ltd. Brickworks Ltd. Broadspectrum Ltd.a

58

18,224 $ 13,421 151,344 62,560 61,089 241,026 82,849 1,156,408 51,072 28,722 69,613 248,626 114,894 24,480 335,708 383,012 155,085 1,822,639 385,164 1,728,355 22,107 336,238 911,301 136,472 207,944 98,389 139,787 11,363 63,114 104,519 442,505 57,984 6 747,936 31,280 47,027 557,203 82,688 24,672 823,368 888,729 272,729 205,835 241,122 65,735 55,216 360,866 6,683,836 70,637 77,356 127,151 85,007 37,846 113,218 142,176 54,474 440,347 51,290 267,784 151,226 76,296 9,928 60,819 432,579 382,160 6,031,229 22,304 23,149 382,761 77,520 485,571 98,800 203,191 1,935,214 118,850 18,923 5,032 58,793 91,242 80,784

Security

Shares

Value

BT Investment Management Ltd. Burson Group Ltd. BWP Trust Cabcharge Australia Ltd. Caltex Australia Ltd. Cardno Ltd.b carsales.com Ltd. Cedar Woods Properties Ltd. Challenger Ltd./Australia Charter Hall Group Charter Hall Retail REIT CIMIC Group Ltd. Cleanaway Waste Management Ltd. Coca-Cola Amatil Ltd. Cochlear Ltd. Commonwealth Bank of Australia Computershare Ltd. Corporate Travel Management Ltd. Costa Group Holdings Ltd. Cover-More Group Ltd. Credit Corp. Group Ltd. Cromwell Property Group Crown Resorts Ltd. CSL Ltd. CSR Ltd. Dexus Property Group Domino’s Pizza Enterprises Ltd. Donaco International Ltd.a Downer EDI Ltd. DUET Group DuluxGroup Ltd. Eclipx Group Ltd. Energy World Corp. Ltd.a,b ERM Power Ltd. Estia Health Ltd. Evolution Mining Ltd. Fairfax Media Ltd. FlexiGroup Ltd./Australia Flight Centre Travel Group Ltd. Fortescue Metals Group Ltd.b G8 Education Ltd. Gateway Lifestyle GDI Property Group Genworth Mortgage Insurance Australia Ltd.

24,208 $ 182,711 40,528 154,026 75,287 201,094 27,064 66,506 35,146 871,705 24,080 20,398 29,532 265,039 17,544 57,036 71,563 489,335 39,061 142,787 49,400 179,450 14,824 404,890 231,472 139,552 75,073 492,711 8,989 741,081 214,744 12,109,236 60,144 464,038 5,984 65,121 28,424 64,425 52,088 55,651 7,344 56,718 188,127 146,441 46,970 423,331 58,489 4,694,803 67,378 175,855 114,703 737,050 8,854 418,997 64,600 22,185 58,524 166,145 257,137 441,527 52,235 255,124 33,728 76,189 94,112 13,646 23,664 25,825 21,488 94,784 175,984 263,232 295,528 179,298 51,965 94,780 7,099 212,966 212,493 552,980 36,933 110,769 53,329 114,361 149,471 98,670 43,520 79,377

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Shares

Value

Goodman Group GPT Group (The) GrainCorp Ltd. Class A Greencross Ltd. Growthpoint Properties Australia Ltd. GUD Holdings Ltd. GWA Group Ltd. Harvey Norman Holdings Ltd. Healthscope Ltd. Iluka Resources Ltd. Incitec Pivot Ltd. Independence Group NL Insurance Australia Group Ltd. Investa Office Fund Invocare Ltd. IOOF Holdings Ltd. IPH Ltd. Iress Ltd. iSentia Group Ltd. James Hardie Industries PLC Japara Healthcare Ltd. JB Hi-Fi Ltd. Karoon Gas Australia Ltd.a LendLease Group Macquarie Atlas Roads Group Macquarie Group Ltd. Magellan Financial Group Ltd. Mantra Group Ltd. Mayne Pharma Group Ltd.a McMillan Shakespeare Ltd. Medibank Pvt Ltd. Mesoblast Ltd.a Metals X Ltd. Metcash Ltd.a Mineral Resources Ltd. Mirvac Group Monadelphous Group Ltd. Myer Holdings Ltd. MYOB Group Ltd. National Australia Bank Ltd. Navitas Ltd. Newcrest Mining Ltd.a NEXTDC Ltd.a Nine Entertainment Co. Holdings Ltd.

217,659 $1,144,474 208,670 801,010 206,169 32,986 18,496 100,359 156,891 63,648 49,636 7,616 49,699 87,613 245,591 71,833 164,968 342,435 278,569 56,769 217,794 535,195 144,864 62,034 303,341 1,335,725 78,527 249,899 178,311 19,058 35,821 244,391 79,004 14,960 259,936 29,262 87,406 31,552 812,326 57,444 22,168 47,877 228,996 13,658 49,368 55,006 666,112 68,728 209,762 56,440 37,306 1,807,850 266,183 16,223 33,320 94,084 140,297 131,784 10,958 102,693 863,063 360,166 46,198 27,642 54,400 42,761 162,392 120,904 30,328 171,503 659,610 462,206 10,472 60,897 98,121 124,226 106,217 40,936 328,168 6,809,504 116,974 29,937 92,966 1,345,865 66,956 30,464 83,804 97,180

Security

Shares

Value

Northern Star Resources Ltd. Nufarm Ltd./Australia Oil Search Ltd. Orica Ltd. Origin Energy Ltd. Orora Ltd. OZ Minerals Ltd. OzForex Group Ltd.b Pacific Brands Ltd. Pact Group Holdings Ltd. Paladin Energy Ltd.a,b Perpetual Ltd. Platinum Asset Management Ltd. Premier Investments Ltd. Primary Health Care Ltd. Programmed Maintenance Services Ltd. Qantas Airways Ltd. QBE Insurance Group Ltd. Qube Holdings Ltd.b Ramsay Health Care Ltd. RCG Corp. Ltd.b REA Group Ltd. Regis Healthcare Ltd. Regis Resources Ltd. Retail Food Group Ltd. Rio Tinto Ltd. SAI Global Ltd. Sandfire Resources NL Santos Ltd. Scentre Group Seek Ltd. Select Harvests Ltd. Seven West Media Ltd. SG Fleet Group Ltd. Shopping Centres Australasia Property Group Sigma Pharmaceuticals Ltd. Sims Metal Management Ltd. Sirtex Medical Ltd. Sonic Healthcare Ltd. South32 Ltd.a Southern Cross Media Group Ltd. Spotless Group Holdings Ltd. St. Barbara Ltd.a

65,688 $ 194,002 33,880 181,506 175,576 941,956 48,725 568,923 221,952 929,911 166,369 335,186 46,565 208,952 56,904 93,801 165,561 144,668 34,471 136,268 372,640 75,361 6,154 200,772 28,452 131,582 13,523 164,089 73,318 194,156 34,816 38,925 95,880 235,610 163,534 1,391,531 95,346 181,181 17,033 844,268 29,376 30,713 6,964 270,618 17,303 67,344 53,191 117,719 11,424 47,950 48,688 1,915,405 32,232 89,782 33,526 151,721 222,632 815,528 655,250 2,345,254 42,166 526,770 9,816 37,680 240,632 194,657 29,920 78,775 107,924 192,728 194,281 163,092 26,292 190,214 7,774 176,439 48,860 724,124 667,624 845,766 154,815 127,599 134,096 132,524 74,120 131,230

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April 30, 2016 Security

Shares

Star Entertainment Grp Ltd. (The) Steadfast Group Ltd. Stockland Suncorp Group Ltd. Super Retail Group Ltd. Sydney Airport Syrah Resources Ltd.a,b Tabcorp Holdings Ltd. Tassal Group Ltd. Tatts Group Ltd. Technology One Ltd. Telstra Corp. Ltd. Ten Network Holdings Ltd.a,b TFS Corp. Ltd.b Tox Free Solutions Ltd. TPG Telecom Ltd. Transurban Group Treasury Wine Estates Ltd. Vicinity Centres Village Roadshow Ltd. Virgin Australia Holdings Ltd.a Virtus Health Ltd. Vocus Communications Ltd. Wesfarmers Ltd. Western Areas Ltd. Westfield Corp. Westpac Banking Corp. Whitehaven Coal Ltd.a,b Woodside Petroleum Ltd. Woolworths Ltd. WorleyParsons Ltd.

453,364 105,145 $ 101,905 146,205 973,550 291,922 164,560 1,569,800 138,732 21,488 697,819 134,272 17,952 64,801 360,034 106,495 34,876 103,801 516,947 179,678 31,552 117,505 2,233,012 545,904 32,947 45,444 42,296 50,354 110,738 50,210 43,218 353,235 2,083,256 235,735 683,055 96,035 986,313 389,284 86,256 21,488 265,495 70,914 123,102 23,862 78,841 519,246 4,510,056 138,176 88,583 46,430 255,156 1,966,696 9,957,929 420,240 151,232 88,868 2,026,600 93,704 160,072 2,700,935 158,880 29,784 126,691,907

HONG KONG — 8.51% AIA Group Ltd. ASM Pacific Technology Ltd. Bank of East Asia Ltd. (The)b BOC Hong Kong Holdings Ltd. Brightoil Petroleum Holdings Ltd.b Cathay Pacific Airways Ltd. Champion REITb Cheung Kong Infrastructure Holdings Ltd.b Cheung Kong Property Holdings Ltd.

60

1,523,200 40,800 163,200 408,000 544,000 136,000 272,000 136,000 340,072

Value

9,169,989 294,539 594,338 1,222,864 173,217 217,398 145,867 1,285,979 2,334,455

Security China Strategic Holdings Ltd.a,b Citic Telecom International Holdings Ltd. CK Hutchison Holdings Ltd. CK Life Sciences International Holdings Inc. CLP Holdings Ltd. Dah Sing Banking Group Ltd. Emperor Watch & Jewellery Ltd.a Enerchina Holdings Ltd.a Esprit Holdings Ltd.a,b FIH Mobile Ltd. First Pacific Co. Ltd./Hong Kong G-Resources Group Ltd. Galaxy Entertainment Group Ltd. GCL New Energy Holdings Ltd.a Giordano International Ltd. Global Brands Group Holding Ltd.a Guotai Junan International Holdings Ltd.b Hang Lung Properties Ltd. Hang Seng Bank Ltd. Henderson Land Development Co. Ltd. HKBN Ltd.b HKT Trust & HKT Ltd. Hong Kong & China Gas Co. Ltd. Hong Kong Exchanges and Clearing Ltd. Hongkong Land Holdings Ltd. Hopewell Holdings Ltd. Hsin Chong Group Holdings Ltd.b Hutchison Telecommunications Hong Kong Holdings Ltd.b Hybrid Kinetic Group Ltd.a,b Hysan Development Co. Ltd. IGG Inc. Johnson Electric Holdings Ltd. Kerry Logistics Network Ltd. Kerry Properties Ltd. Kowloon Development Co. Ltd. KuangChi Science Ltd.a,b Landing International Development Ltd.a,b

Shares

Value

2,720,000 $ 81,700 408,000 169,886 340,072 4,077,076 1,088,000 103,790 272,000 2,515,856 163,200 291,173 1,360,000 31,207 816,000 33,662 244,800 214,593 408,000 175,146 544,000 345,032 4,488,000 102,984 272,000 918,682 708,000 35,139 272,000 123,075 1,088,065 129,044 272,000 91,167 272,000 542,794 108,800 1,977,621 143,120 894,823 136,000 167,607 272,720 395,165 816,400 1,523,935 145,800 3,689,545 40,800 259,080 68,000 229,670 816,000 85,206 272,000 1,904,000 136,000 136,000 68,250 136,000 68,000 136,000 136,000 2,040,000

95,375 59,644 602,228 59,259 201,920 191,801 185,402 130,965 65,219 58,645

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Shares

Value

Langham Hospitality Investments and Langham Hospitality Investments Ltd. Li & Fung Ltd. Link REIT Macau Legend Development Ltd.a Man Wah Holdings Ltd. Melco Crown Entertainment Ltd. ADRb Melco International Development Ltd.b MGM China Holdings Ltd. MTR Corp. Ltd. New World Development Co. Ltd. Newocean Energy Holdings Ltd. NWS Holdings Ltd. Pacific Basin Shipping Ltd.a,b Pacific Textiles Holdings Ltd.b PCCW Ltd. Polytec Asset Holdings Ltd. Power Assets Holdings Ltd. Sa Sa International Holdings Ltd.b Samson Holding Ltd. Sands China Ltd. Shangri-La Asia Ltd. Shun Tak Holdings Ltd. Singamas Container Holdings Ltd.b Sino Land Co. Ltd. SITC International Holdings Co. Ltd. Sitoy Group Holdings Ltd.b SJM Holdings Ltd. SmarTone Telecommunications Holdings Ltd. SOCAM Development Ltd.a,b Sun Hung Kai & Co. Ltd.b Sun Hung Kai Properties Ltd. SUNeVision Holdings Ltd. Sunlight REIT Swire Pacific Ltd. Class A Swire Properties Ltd. Techtronic Industries Co. Ltd. Town Health International Medical Group Ltd. Trinity Ltd.b Truly International Holdings Ltd. Value Partners Group Ltd.b

136,000 $ 45,408 505,976 816,000 272,000 1,653,277 37,168 272,000 108,800 127,073 126,806 8,568 156,211 136,000 152,880 108,800 204,000 1,009,849 680,000 678,492 92,920 272,000 272,000 414,459 68,901 408,000 175,321 136,000 544,000 368,875 58,733 680,000 204,000 1,944,748 83,453 272,000 408,000 46,811 974,785 272,000 332,759 272,000 544,000 181,633 87,310 816,000 272,000 428,484 147,270 272,000 49,441 136,000 183,035 272,000 112,556 68,000 272,000 135,348 79,771 136,000 272,000 3,438,045 90,816 272,000 143,413 272,000 68,000 739,416 424,978 163,200 204,000 766,591 102,387 544,000 272,000 28,402 106,595 272,000 130,614 136,000

Security

Shares

VTech Holdings Ltd. WH Group Ltd.a,c Wharf Holdings Ltd. (The) Wheelock & Co. Ltd. Wynn Macau Ltd. Xinyi Glass Holdings Ltd.b Yuan Heng Gas Holdings Ltd.a Yue Yuen Industrial Holdings Ltd.

27,200 $ 281,215 748,000 605,559 136,000 738,101 136,000 631,156 217,600 311,370 272,000 186,191 544,000 40,674 68,000 248,079 55,767,117

JAPAN — 66.37% Accordia Golf Co. Ltd. Acom Co. Ltd.a,b Activia Properties Inc. ADEKA Corp. Aderans Co. Ltd. Advance Residence Investment Corp. Advantest Corp. Aeon Co. Ltd. AEON Financial Service Co. Ltd. Aeon Mall Co. Ltd. AEON REIT Investment Corp. Aica Kogyo Co. Ltd. Aida Engineering Ltd. Aiful Corp.a,b Aisin Seiki Co. Ltd. Ajinomoto Co. Inc. Alfresa Holdings Corp. Alpine Electronics Inc. Alps Electric Co. Ltd. Amada Holdings Co. Ltd. Amano Corp. ANA Holdings Inc. Anritsu Corp. AOKI Holdings Inc. Aozora Bank Ltd. Artnature Inc. Asahi Diamond Industrial Co. Ltd. Asahi Glass Co. Ltd. Asahi Group Holdings Ltd. Asahi Intecc Co. Ltd. Asahi Kasei Corp. ASICS Corp. Astellas Pharma Inc. Autobacs Seven Co. Ltd.

13,600 81,600 136 13,600 13,600 136 40,800 81,600 13,600 27,200 136 13,600 27,200 68,000 27,200 136,000 27,200 13,600 27,200 54,400 27,200 136,000 27,200 13,600 136,000 13,600 13,600 136,000 54,400 13,600 136,000 27,200 258,400 13,600

Value

131,685 443,864 734,689 197,908 70,672 370,903 404,206 1,253,419 314,721 389,207 171,215 315,992 258,285 244,684 1,100,762 3,247,628 543,517 174,520 505,893 565,888 459,117 391,495 167,021 162,572 496,995 115,542 140,836 824,936 1,784,098 674,947 965,645 562,075 3,615,354 240,236

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Shares

Azbil Corp. Bandai Namco Holdings Inc. Bank of Saga Ltd. (The) Bank of the Ryukyus Ltd. Benesse Holdings Inc. BIC Camera Inc. Bridgestone Corp. Brother Industries Ltd. Calbee Inc. Canon Inc. Canon Marketing Japan Inc. Capcom Co. Ltd. Casio Computer Co. Ltd. Cawachi Ltd. Central Japan Railway Co. Chiba Bank Ltd. (The) Chubu Electric Power Co. Inc. Chugai Pharmaceutical Co. Ltd. Chugoku Bank Ltd. (The) Chugoku Electric Power Co. Inc. (The) Citizen Holdings Co. Ltd. CKD Corp. Coca-Cola East Japan Co. Ltd. Coca-Cola West Co. Ltd. Colowide Co. Ltd. COMSYS Holdings Corp. Concordia Financial Group Ltd.a COOKPAD Inc.b Corona Corp. Cosmo Energy Holdings Co. Ltd. Credit Saison Co. Ltd. Dai Nippon Printing Co. Ltd. Dai-ichi Life Insurance Co. Ltd. (The) Daibiru Corp. Daifuku Co. Ltd. Daihatsu Motor Co. Ltd. Daiichi Sankyo Co. Ltd. Daikin Industries Ltd. Daio Paper Corp. Daiseki Co. Ltd. Daito Trust Construction Co. Ltd. Daiwa House Industry Co. Ltd. Daiwa House Residential Investment Corp.

13,600 $ 359,845 27,200 594,869 280,910 136,000 13,600 161,809 394,673 13,600 137,405 13,600 81,600 3,139,078 486,954 40,800 13,600 549,745 136,000 3,955,624 13,600 250,913 322,094 13,600 537,670 27,200 13,600 325,653 13,600 2,470,358 136,000 716,893 81,600 1,106,227 955,858 27,200 291,842 27,200 543,771 40,800 40,800 237,948 232,355 27,200 13,600 256,505 380,055 13,600 225,872 13,600 13,600 210,492 651,305 136,000 13,600 202,993 271,250 27,200 13,600 178,334 268,571 14,100 136,000 1,323,202 136,000 1,740,119 123,041 13,600 27,200 506,910 381,326 27,200 81,600 1,983,659 27,200 2,258,468 138,676 13,600 13,600 260,319 13,600 1,969,550 81,600 2,259,739 338,291 137

62

Value

Security

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Value

Daiwa Securities Group Inc. DCM Holdings Co. Ltd. Dena Co. Ltd. Denso Corp. Dentsu Inc. DIC Corp. DMG Mori Co. Ltd. Don Quijote Holdings Co. Ltd. Duskin Co. Ltd. East Japan Railway Co. EDION Corp. Eighteenth Bank Ltd. (The) Eiken Chemical Co. Ltd. Eisai Co. Ltd. Electric Power Development Co. Ltd. EPS Holdings Inc. Euglena Co. Ltd.a,b FamilyMart Co. Ltd. Fancl Corp. FANUC Corp. Fast Retailing Co. Ltd. FCC Co. Ltd. Financial Products Group Co. Ltd. Fudo Tetra Corp. Fuji Electric Co. Ltd. Fuji Heavy Industries Ltd. Fuji Machine Manufacturing Co. Ltd. Fuji Oil Holdings Inc. FUJIFILM Holdings Corp. Fujitec Co. Ltd. Fujitsu Ltd. Fukuoka Financial Group Inc. Fukuoka REIT Corp. Furukawa Electric Co. Ltd. Glory Ltd. GLP J-REIT GMO Internet Inc. Godo Steel Ltd. Gree Inc. Gulliver International Co. Ltd. GungHo Online Entertainment Inc.b Hachijuni Bank Ltd. (The) Hakuhodo DY Holdings Inc. Hamamatsu Photonics KK

272,000 $1,642,753 27,200 209,221 13,600 236,931 68,000 2,701,696 27,200 1,441,413 136,000 326,669 13,600 162,064 13,600 505,257 13,600 254,599 40,800 3,746,149 27,200 225,491 136,000 331,754 13,600 256,505 27,200 1,737,577 13,600 421,365 13,600 175,918 13,600 197,781 13,600 735,960 13,600 185,706 27,200 4,195,860 13,600 3,709,669 13,600 236,804 13,600 169,690 54,400 68,639 136,000 603,767 81,600 2,834,017 27,200 291,842 13,600 259,683 68,000 2,903,799 13,600 139,820 272,000 993,482 136,000 480,471 136 250,658 136,000 341,923 13,600 461,405 408 501,063 13,600 167,148 136,000 256,760 27,200 156,344 27,200 276,334 68,000 183,037 136,000 616,477 54,400 639,611 27,200 784,261

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Hankyu Hanshin Holdings Inc. Haseko Corp. Hazama Ando Corp. Heiwa Real Estate REIT Inc. Heiwado Co. Ltd. Hino Motors Ltd. Hisamitsu Pharmaceutical Co. Inc. Hitachi Chemical Co. Ltd. Hitachi Construction Machinery Co. Ltd. Hitachi High-Technologies Corp. Hitachi Ltd. Hitachi Transport System Ltd. Hitachi Zosen Corp. Hokkaido Electric Power Co. Inc. Hokuetsu Kishu Paper Co. Ltd. Hokuhoku Financial Group Inc. Hokuriku Electric Power Co. Honda Motor Co. Ltd. House Foods Group Inc. Hoya Corp. Hulic Co. Ltd. Hulic Reit Inc. Ibiden Co. Ltd. Ichigo Inc. Ichigo Office REIT Investment Ichiyoshi Securities Co. Ltd. Idemitsu Kosan Co. Ltd. IHI Corp. Iida Group Holdings Co. Ltd. Iino Kaiun Kaisha Ltd. INPEX Corp. Invesco Office J-Reit Inc. Invincible Investment Corp. Isetan Mitsukoshi Holdings Ltd. Isuzu Motors Ltd. IT Holdings Corp. Ito EN Ltd. ITOCHU Corp. Itochu-Shokuhin Co. Ltd. Itoki Corp. Iyo Bank Ltd. (The) J Front Retailing Co. Ltd. J Trust Co. Ltd. Japan Airlines Co. Ltd.

136,000 $ 883,406 40,800 388,953 204,772 40,800 136 114,525 287,774 13,600 412,595 40,800 13,600 664,779 238,456 13,600 13,600 224,728 383,868 13,600 680,000 3,276,863 235,660 13,600 214,305 40,800 27,200 254,726 265,403 40,800 136,000 177,952 365,056 27,200 210,400 5,884,593 267,945 13,600 54,400 2,166,441 40,800 419,459 236,549 136 27,200 354,379 305,697 68,000 212,017 272 13,600 116,304 299,468 13,600 136,000 311,416 531,569 27,200 40,800 165,496 122,400 1,016,082 251,930 272 680 522,417 601,987 54,400 68,000 759,792 333,915 13,600 13,600 427,085 204,000 2,697,883 519,875 13,600 13,600 87,324 279,131 40,800 54,400 681,811 105,373 13,600 502,461 13,600

Security

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Japan Communications Inc.a Japan Display Inc.a Japan Excellent Inc. Japan Exchange Group Inc. Japan Hotel REIT Investment Corp. Japan Logistics Fund Inc. Japan Post Bank Co. Ltd. Japan Post Holdings Co. Ltd. Japan Prime Realty Investment Corp. Japan Real Estate Investment Corp. Japan Rental Housing Investments Inc. Japan Retail Fund Investment Corp. Japan Securities Finance Co. Ltd. Japan Tobacco Inc. JFE Holdings Inc. Jimoto Holdings Inc. Joyo Bank Ltd. (The) JSP Corp. JSR Corp. JTEKT Corp. JX Holdings Inc. Kadokawa Dwangoa Kagome Co. Ltd. Kajima Corp. Kakaku.com Inc. Kamei Corp. Kansai Electric Power Co. Inc. (The)a Kansai Paint Co. Ltd. Kao Corp. Kawasaki Heavy Industries Ltd. Kawasaki Kisen Kaisha Ltd. KDDI Corp. Keikyu Corp. Keio Corp. Keiyo Co. Ltd. Kenedix Inc. Kewpie Corp. KEY Coffee Inc. Keyence Corp. Kikkoman Corp. Kintetsu Group Holdings Co. Ltd. Kirin Holdings Co. Ltd. Kitz Corp. Kiyo Bank Ltd. (The)

27,200 $ 52,369 54,400 109,822 136 194,731 81,600 1,278,206 680 622,833 136 303,917 54,400 683,845 54,400 755,026 136 608,215 136 856,713 272 215,322 408 1,014,709 27,200 109,568 149,600 6,333,829 68,000 1,003,841 40,800 55,674 136,000 491,911 13,600 240,490 27,200 386,665 27,200 363,785 291,400 1,281,675 13,600 199,815 27,200 593,344 136,000 870,695 27,200 506,655 27,200 253,201 95,200 869,475 27,200 493,690 68,000 3,886,985 136,000 401,664 136,000 299,977 231,200 6,847,729 136,000 1,262,190 136,000 1,232,955 40,800 200,578 54,400 241,507 13,600 367,471 13,600 233,372 4,700 2,950,157 48,000 1,585,868 272,000 1,143,979 95,200 1,416,055 27,200 113,127 27,200 338,872

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Kobe Steel Ltd. Koei Tecmo Holdings Co. Ltd. Kohnan Shoji Co. Ltd. Koito Manufacturing Co. Ltd. Kokuyo Co. Ltd. Komatsu Ltd. Komori Corp. Konami Holdings Corp. Konica Minolta Inc. Konishi Co. Ltd. Kubota Corp. Kuraray Co. Ltd. Kurita Water Industries Ltd. Kuroda Electric Co. Ltd. Kyocera Corp. KYORIN Holdings Inc. Kyowa Exeo Corp. Kyushu Electric Power Co. Inc. Kyushu Financial Group Inc. Lawson Inc. Leopalace21 Corp. Lintec Corp. LIXIL Group Corp. M3 Inc. Makita Corp. Marubeni Corp. Maruha Nichiro Corp. Marui Group Co. Ltd. Marusan Securities Co. Ltd. Matsuda Sangyo Co. Ltd. Matsui Securities Co. Ltd. Mazda Motor Corp. McDonald’s Holdings Co. Japan Ltd. Medipal Holdings Corp. MEGMILK SNOW BRAND Co. Ltd. MEIJI Holdings Co. Ltd. Mie Bank Ltd. (The) Ministop Co. Ltd. Miraca Holdings Inc. MIRAIT Holdings Corp. MISUMI Group Inc. Mitsubishi Chemical Holdings Corp. Mitsubishi Corp. Mitsubishi Electric Corp. Mitsubishi Estate Co. Ltd.

408,000 $ 411,832 13,600 219,644 238,964 13,600 13,600 615,206 368,107 27,200 122,400 2,180,995 13,600 166,258 873,237 27,200 68,000 615,206 349,803 27,200 136,000 2,109,370 536,145 40,800 335,821 13,600 13,600 215,958 40,800 2,086,998 13,600 277,605 159,140 13,600 706,725 68,000 295,909 54,400 13,600 1,080,424 54,400 339,126 270,487 13,600 40,800 877,813 765,195 27,200 879,592 13,600 244,800 1,340,972 309,383 13,600 40,800 645,585 254,472 27,200 13,600 149,099 121,135 13,600 81,600 1,330,447 13,600 339,126 447,169 27,200 13,600 322,983 13,600 1,090,593 136,000 258,031 222,822 13,600 598,047 13,600 13,600 123,041 592,581 40,800 176,800 961,374 176,800 3,078,447 272,000 3,045,525 136,000 2,695,976

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Security Mitsubishi Heavy Industries Ltd. Mitsubishi Materials Corp. Mitsubishi Motors Corp. Mitsubishi Tanabe Pharma Corp. Mitsubishi UFJ Financial Group Inc. Mitsubishi UFJ Lease & Finance Co. Ltd. Mitsui & Co. Ltd. Mitsui Chemicals Inc. Mitsui Engineering & Shipbuilding Co. Ltd. Mitsui Fudosan Co. Ltd. Mitsui Mining & Smelting Co. Ltd. Mitsui OSK Lines Ltd. Mitsumi Electric Co. Ltd. Mizuho Financial Group Inc. Monex Group Inc. MonotaRO Co. Ltd. Mori Hills REIT Investment Corp. MORI TRUST Sogo REIT Inc. MOS Food Services Inc. MS&AD Insurance Group Holdings Inc. Murata Manufacturing Co. Ltd. Nabtesco Corp. Nagase & Co. Ltd. Nagoya Railroad Co. Ltd. NanoCarrier Co. Ltd.a,b NEC Corp. NET One Systems Co. Ltd. Neturen Co. Ltd. Nexon Co. Ltd. NGK Insulators Ltd. NGK Spark Plug Co. Ltd. NHK Spring Co. Ltd. Nichi-Iko Pharmaceutical Co. Ltd. Nichicon Corp. Nichii Gakkan Co.b Nidec Corp. Nihon Nohyaku Co. Ltd. Nihon Parkerizing Co. Ltd. Nihon Unisys Ltd. Nikkiso Co. Ltd. Nikkon Holdings Co. Ltd. Nikon Corp.

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408,000 $1,515,772 136,000 448,694 81,600 342,431 27,200 499,029 1,618,400 7,867,002 68,000 308,874 217,600 2,728,262 136,000 472,845 136,000 219,898 136,000 3,463,713 136,000 264,386 136,000 301,248 27,200 137,786 2,966,500 4,652,355 68,000 181,765 13,600 426,450 272 410,815 136 268,708 13,600 367,853 68,000 1,886,612 27,200 3,761,148 13,600 318,789 13,600 157,106 136,000 701,640 13,600 200,578 250,000 630,871 13,700 72,601 27,200 192,697 27,200 423,018 31,000 670,443 27,200 572,244 27,200 250,658 13,600 335,821 27,200 189,646 13,600 104,356 27,200 2,080,770 13,600 73,723 27,200 249,896 27,200 341,668 13,600 108,551 13,600 263,115 54,400 819,089

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Nintendo Co. Ltd. Nippon Building Fund Inc. Nippon Coke & Engineering Co. Ltd. Nippon Express Co. Ltd. Nippon Light Metal Holdings Co. Ltd. Nippon Paint Holdings Co. Ltd. Nippon Paper Industries Co. Ltd. Nippon Parking Development Co. Ltd.b Nippon Prologis REIT Inc. Nippon Sheet Glass Co. Ltd.a Nippon Signal Co. Ltd. Nippon Steel & Sumitomo Metal Corp. Nippon Suisan Kaisha Ltd. Nippon Telegraph & Telephone Corp. Nippon Yakin Kogyo Co. Ltd.a Nippon Yusen KK Nipro Corp. Nishi-Nippon City Bank Ltd. (The) Nishimatsuya Chain Co. Ltd. Nissan Chemical Industries Ltd. Nissan Motor Co. Ltd. Nissan Shatai Co. Ltd. Nisshin Seifun Group Inc. Nisshin Steel Co. Ltd. Nisshinbo Holdings Inc. Nissin Foods Holdings Co. Ltd. Nitori Holdings Co. Ltd. Nitto Denko Corp. Nitto Kohki Co. Ltd. NOK Corp. Nomura Holdings Inc. Nomura Real Estate Holdings Inc. Nomura Real Estate Master Fund Inc. Nomura Research Institute Ltd. North Pacific Bank Ltd. NSD Co. Ltd. NSK Ltd. NTT Data Corp. NTT DOCOMO Inc. NTT Urban Development Corp. Obayashi Corp. Obic Co. Ltd. Odakyu Electric Railway Co. Ltd. Oji Holdings Corp.

13,600 $1,926,333 136 871,966 132,193 176,800 136,000 646,983 246,591 136,000 750,450 27,200 13,600 267,691 46,903 40,800 272 662,491 218,627 272,000 27,200 234,897 95,200 2,081,151 231,846 40,800 95,200 4,327,798 129,015 95,200 272,000 551,652 136,515 13,600 254,217 136,000 158,759 13,600 375,733 13,600 299,200 2,796,392 139,057 13,600 27,700 465,744 189,900 13,600 306,332 27,200 13,600 645,712 13,600 1,306,678 27,200 1,534,457 274,174 13,600 13,600 237,185 439,900 1,968,953 257,268 13,600 544 863,831 538,081 14,800 68,000 178,588 438,271 27,200 68,000 626,646 729,604 13,600 190,400 4,621,420 13,600 132,702 136,000 1,374,046 13,600 738,502 136,000 1,516,407 575,803 136,000

Security

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Okabe Co. Ltd. Oki Electric Industry Co. Ltd. Olympus Corp. Omron Corp. Ono Pharmaceutical Co. Ltd. Orient Corp.a Oriental Land Co. Ltd./Japan ORIX Corp. Orix JREIT Inc. Osaka Gas Co. Ltd. OSG Corp. OSJB Holdings Corp. Otsuka Holdings Co. Ltd. PALTAC Corp. Panasonic Corp. Park24 Co. Ltd. Penta-Ocean Construction Co. Ltd. Pigeon Corp. Pioneer Corp.a Proto Corp. Rakuten Inc. Recruit Holdings Co. Ltd. Relia Inc. Resona Holdings Inc. Resorttrust Inc. Ricoh Co. Ltd. Ringer Hut Co. Ltd. Rohm Co. Ltd. Rohto Pharmaceutical Co. Ltd. Round One Corp. Royal Holdings Co. Ltd. Saizeriya Co. Ltd. Sakata Seed Corp. Sanrio Co. Ltd. Santen Pharmaceutical Co. Ltd. Sanwa Holdings Corp. SBI Holdings Inc./Japan Secom Co. Ltd. Sega Sammy Holdings Inc. Seibu Holdings Inc. Seikagaku Corp. Seiko Epson Corp. Seino Holdings Co. Ltd. Sekisui Chemical Co. Ltd.

13,600 $ 103,212 136,000 197,019 27,200 1,104,575 27,200 905,014 68,000 3,163,737 136,000 283,452 27,200 1,932,053 176,800 2,621,554 272 458,608 272,000 1,008,735 13,600 259,302 68,000 162,699 54,400 2,184,237 13,600 249,387 285,600 2,654,336 13,600 392,130 54,400 252,184 13,600 372,302 68,000 189,392 13,600 180,494 108,800 1,241,090 13,600 434,076 13,600 145,285 285,600 1,049,562 13,600 292,731 95,200 1,008,989 13,600 289,935 13,600 622,833 27,200 480,979 27,200 162,953 13,600 265,784 13,600 245,828 13,600 351,964 12,600 255,074 68,000 1,014,328 27,200 218,119 27,200 295,401 27,200 2,146,867 27,200 305,569 13,600 296,926 13,600 215,322 40,800 703,928 27,200 287,012 68,000 881,499

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Sekisui House Ltd. Sekisui House Reit Inc. Sekisui House SI Residential Investment Corp. Sekisui Plastics Co. Ltd. Senshu Ikeda Holdings Inc. Seven & I Holdings Co. Ltd. Seven Bank Ltd. Sharp Corp./Japana,b Shikoku Electric Power Co. Inc. Shimachu Co. Ltd. Shimano Inc. Shimizu Corp. Shin-Etsu Chemical Co. Ltd. Shin-Etsu Polymer Co. Ltd. Shinko Electric Industries Co. Ltd. Shinko Plantech Co. Ltd. Shinsei Bank Ltd. Shionogi & Co. Ltd. Shiseido Co. Ltd. Shizuoka Bank Ltd. (The) Showa Aircraft Industry Co. Ltd. Showa Corp. Showa Denko KK Showa Shell Sekiyu KK SKY Perfect JSAT Holdings Inc. SMC Corp./Japan Sodick Co. Ltd. SoftBank Group Corp. Sohgo Security Services Co. Ltd. Sojitz Corp. Sompo Japan Nipponkoa Holdings Inc. Sony Corp. Sony Financial Holdings Inc. Square Enix Holdings Co. Ltd. Stanley Electric Co. Ltd. Star Micronics Co. Ltd. Start Today Co. Ltd. Sumco Corp. Sumitomo Chemical Co. Ltd. Sumitomo Corp. Sumitomo Dainippon Pharma Co. Ltd. Sumitomo Electric Industries Ltd. Sumitomo Forestry Co. Ltd.

68,000 $1,227,553 136 160,411 292,604 272 136,000 452,507 316,501 81,600 95,200 4,042,185 81,600 359,209 376,242 272,000 27,200 345,482 326,542 13,600 13,600 2,043,909 136,000 1,249,479 54,400 3,153,822 40,800 249,769 158,123 27,200 27,200 214,051 396,579 272,000 40,800 2,151,824 54,400 1,263,461 136,000 1,048,647 13,600 131,939 122,406 13,600 272,000 292,350 291,842 27,200 223,076 40,800 13,600 3,475,789 109,822 13,600 122,400 6,850,144 780,448 13,600 204,000 425,179 40,800 1,121,290 163,200 4,237,297 27,200 353,362 360,862 13,600 13,600 291,333 162,826 13,600 13,600 589,785 184,308 27,200 272,000 1,286,340 122,400 1,338,455 361,751 27,200 95,200 1,196,729 326,415 27,200

66

Value

Security

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Sumitomo Heavy Industries Ltd. Sumitomo Metal Mining Co. Ltd. Sumitomo Mitsui Construction Co. Ltd. Sumitomo Mitsui Financial Group Inc. Sumitomo Mitsui Trust Holdings Inc. Sumitomo Realty & Development Co. Ltd. Sumitomo Rubber Industries Ltd. Suntory Beverage & Food Ltd. Suruga Bank Ltd. Suzuken Co. Ltd./Aichi Japan Suzuki Motor Corp. Sysmex Corp. T&D Holdings Inc. Taiheiyo Cement Corp. Taisei Corp. Taiyo Nippon Sanso Corp. Taiyo Yuden Co. Ltd. Takara Bio Inc. Takasago Thermal Engineering Co. Ltd. Takeda Pharmaceutical Co. Ltd. Tatsuta Electric Wire and Cable Co. Ltd. TDK Corp. Teijin Ltd. Temp Holdings Co. Ltd. Terumo Corp. THK Co. Ltd. Tobu Railway Co. Ltd. Tocalo Co. Ltd. Toho Co. Ltd./Tokyo Toho Holdings Co. Ltd. Tohoku Electric Power Co. Inc. Tohokushinsha Film Corp. Tokai Rika Co. Ltd. Tokai Tokyo Financial Holdings Inc. Tokio Marine Holdings Inc. Tokyo Broadcasting System Holdings Inc. Tokyo Electric Power Co. Holdings Inc.a Tokyo Electron Ltd. Tokyo Gas Co. Ltd. Tokyo Seimitsu Co. Ltd. Tokyo Steel Manufacturing Co. Ltd.

136,000 $ 601,224 136,000 1,591,401 149,600 134,227 163,200 5,205,866 408,000 1,314,050 39,000 1,182,812 27,200 432,170 13,600 608,851 27,200 549,110 13,600 486,191 54,400 1,563,438 13,600 889,761 81,600 824,809 136,000 371,158 136,000 950,773 27,200 261,081 27,200 287,266 13,600 188,375 13,600 175,283 108,800 5,350,770 27,200 87,959 13,600 836,376 136,000 504,622 13,600 212,272 40,800 1,611,103 13,600 278,495 136,000 714,351 13,600 251,421 13,600 357,176 13,600 325,271 68,000 894,846 13,600 77,791 13,600 264,259 27,200 147,192 95,200 3,282,329 13,600 194,349 204,000 1,124,912 27,200 1,884,006 272,000 1,233,209 13,600 294,638 27,200 171,597

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Tokyo Tatemono Co. Ltd. Tokyu Construction Co. Ltd. Tokyu Corp. Tokyu Fudosan Holdings Corp. TOKYU REIT Inc. TOMONY Holdings Inc. Topcon Corp. Toppan Forms Co. Ltd. Toppan Printing Co. Ltd. Topre Corp. TOPY Industries Ltd. Toray Industries Inc. Toshiba Corp.a,b Tosoh Corp. TOTO Ltd. Towa Bank Ltd. (The) Toyo Construction Co. Ltd. Toyo Seikan Group Holdings Ltd. Toyo Suisan Kaisha Ltd. Toyo Tire & Rubber Co. Ltd. Toyobo Co. Ltd. Toyoda Gosei Co. Ltd. Toyota Boshoku Corp. Toyota Industries Corp. Toyota Motor Corp. Toyota Tsusho Corp. Trend Micro Inc./Japan TS Tech Co. Ltd. TSI Holdings Co. Ltd. Tsukuba Bank Ltd. Tsukui Corp. Tsumura & Co. Ube Industries Ltd. Unicharm Corp. United Super Markets Holdings Inc. United Urban Investment Corp. UNY Group Holdings Co. Ltd. USEN Corp.a Ushio Inc. USS Co. Ltd. VT Holdings Co. Ltd. Wacom Co. Ltd. Wakita & Co. Ltd. West Japan Railway Co.

21,900 $ 298,427 27,200 229,558 1,206,262 136,000 68,000 481,742 198,035 136 241,761 81,600 13,600 173,885 154,564 13,600 136,000 1,203,720 278,877 13,600 136,000 270,742 1,177,917 136,000 1,194,822 544,000 136,000 648,255 483,649 13,600 408,000 343,194 179,223 40,800 558,007 27,200 495,724 13,600 213,670 13,600 136,000 237,693 260,700 13,600 13,600 263,369 1,236,768 27,200 353,600 18,685,494 27,200 640,628 531,950 13,600 13,600 325,017 178,969 27,200 95,200 258,031 168,928 13,600 359,464 13,600 136,000 266,928 1,165,587 54,400 13,600 127,617 713,461 408 40,800 305,061 191,680 54,400 384,631 27,200 27,200 445,897 142,616 27,200 40,800 172,741 97,111 13,600 1,697,664 27,200

Security

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Yahoo Japan Corp. Yakult Honsha Co. Ltd. Yamada Denki Co. Ltd. Yamaha Corp. Yamaha Motor Co. Ltd. Yamato Holdings Co. Ltd. Yaskawa Electric Corp. Yokogawa Electric Corp. Yoshinoya Holdings Co. Ltd. Zensho Holdings Co. Ltd.

190,400 $ 13,600 108,800 27,200 40,800 54,400 40,800 40,800 13,600 27,200

NEW ZEALAND — 0.87% Air New Zealand Ltd. Argosy Property Ltd. Auckland International Airport Ltd. Chorus Ltd. Contact Energy Ltd. Fisher & Paykel Healthcare Corp. Ltd. Fletcher Building Ltd. Freightways Ltd. Goodman Property Trust Infratil Ltd. Kiwi Property Group Ltd. Meridian Energy Ltd. Metlifecare Ltd. Mighty River Power Ltd. New Zealand Refining Co. Ltd. (The) Nuplex Industries Ltd. Orion Health Group Ltd.a Precinct Properties New Zealand Ltd. Ryman Healthcare Ltd. Sky Network Television Ltd. SKYCITY Entertainment Group Ltd. Spark New Zealand Ltd. Summerset Group Holdings Ltd. Trade Me Group Ltd. Xero Ltd.a Z Energy Ltd.

57,849 120,153 121,098 76,097 95,336 85,000 79,288 24,402 136,702 78,122 123,097 82,972 33,796 91,971 31,824 65,453 4,624 124,753 48,050 52,505 75,073 232,048 40,816 53,720 8,314 44,675

99,509 99,980 520,768 212,843 338,652 543,842 462,387 112,958 128,089 176,991 127,392 153,748 123,595 194,218 66,536 241,197 13,483 111,223 300,039 195,686 256,700 601,983 126,720 171,290 95,342 244,914 5,720,085

SINGAPORE — 4.08% AIMS AMP Capital Industrial REIT ARA Asset Management Ltd. Ascendas Hospitality Trustb Ascendas India Trust

136,000 304,450 264,400 264,400

141,155 268,422 137,703 187,867

882,643 700,369 559,278 813,496 705,835 1,133,302 499,919 459,879 175,410 353,617 434,976,357

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Ascendas REIT Ascott Residence Trust Asian Pay Television Trust Boustead Singapore Ltd.b Cache Logistics Trustb Cambridge Industrial Trust CapitaLand Commercial Trust Ltd. CapitaLand Ltd. CapitaLand Mall Trust CapitaLand Retail China Trust CDL Hospitality Trusts City Developments Ltd. ComfortDelGro Corp. Ltd. COSCO Corp. Singapore Ltd.a,b DBS Group Holdings Ltd. Ezion Holdings Ltd.a,b Ezra Holdings Ltd.a,b Far East Hospitality Trust First REIT First Resources Ltd.b Frasers Centrepoint Trust Frasers Commercial Trust Genting Singapore PLC GL Ltd. Global Logistic Properties Ltd. Golden Agri-Resources Ltd. Hutchison Port Holdings Trust Hyflux Ltd.b Indofood Agri Resources Ltd. Jardine Cycle & Carriage Ltd. Jardine Matheson Holdings Ltd. Keppel Corp. Ltd. Keppel REIT KrisEnergy Ltd.a,b Lippo Malls Indonesia Retail Trust Mapletree Commercial Trust Mapletree Greater China Commercial Trust Mapletree Industrial Trust Mapletree Logistics Trust Neptune Orient Lines Ltd./Singaporea,b Noble Group Ltd.a,b OUE Hospitality Trust Oversea-Chinese Banking Corp. Ltd.

274,458 $ 502,337 136,000 114,847 238,563 534,400 68,000 39,463 87,526 136,000 107,212 264,400 264,400 281,308 611,796 264,400 264,400 407,208 149,250 136,000 136,000 141,155 253,169 40,800 568,518 264,400 233,700 59,118 190,400 2,164,586 272,000 111,305 47,477 625,600 130,818 264,400 126,483 136,000 192,761 136,000 136,000 197,314 131,037 136,000 804,400 487,769 179,998 264,400 569,064 399,400 885,400 263,502 357,958 804,400 272,000 125,472 54,135 136,000 13,600 390,783 27,200 1,504,160 546,408 136,000 136,000 106,246 43,288 312,800 534,400 129,221 151,780 136,000 264,400 202,620 162,405 136,000 109,282 136,000 136,000 130,025 246,693 720,800 264,400 136,720 367,275 2,396,490

68

Value

Security

Shares

Pacc Offshore Services Holdings Ltd. Raffles Medical Group Ltd.b Sabana Shari’ah Compliant Industrial REIT SATS Ltd. SembCorp Industries Ltd. Sembcorp Marine Ltdb SIIC Environment Holdings Ltd.a Silverlake Axis Ltd. Singapore Airlines Ltd. Singapore Exchange Ltd. Singapore Post Ltd.b Singapore Press Holdings Ltd.b Singapore Technologies Engineering Ltd. Singapore Telecommunications Ltd. SMRT Corp. Ltd. Soilbuild Business Space REIT Starhill Global REIT StarHub Ltd. Suntec REITb Super Group Ltd./Singapore United Overseas Bank Ltd.b UOL Group Ltd. Vard Holdings Ltd.a,b Wilmar International Ltd. Wing Tai Holdings Ltd. Yangzijiang Shipbuilding Holdings Ltd.b Yanlord Land Group Ltd.b Yoma Strategic Holdings Ltd.a,b

204,000 54,400

Value $

56,918 190,231

399,400 136,000 136,000 136,000 63,020 149,600 54,400 95,200 258,400 137,800

182,754 414,865 292,430 168,982 32,822 62,888 465,459 533,355 301,840 416,255

258,400 1,006,400 136,000 534,400 264,400 81,600 264,400 136,000 136,000 13,600 217,600 217,600 136,000 258,400 136,000 327,333

619,060 2,890,297 154,816 278,323 153,441 200,957 331,471 98,151 1,882,073 62,129 29,466 600,644 189,725 190,332 122,436 131,513 26,746,050

TOTAL COMMON STOCKS (Cost: $676,484,528)

649,901,516

INVESTMENT COMPANIES — 0.05% AUSTRALIA — 0.05% Spark Infrastructure Group TOTAL INVESTMENT COMPANIES (Cost: $337,940)

215,329

340,160 340,160 340,160

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April 30, 2016 Shares

Security

Value

WARRANTS — 0.00% SINGAPORE — 0.00% Ezion Holdings Ltd. (Expires 04/20/24)a,b

36,000

TOTAL WARRANTS (Cost: $0)

$

4,286 4,286 4,286

SHORT-TERM INVESTMENTS — 1.30%

MONEY MARKET FUNDS — 1.30% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%d,e,f BlackRock Cash Funds: Prime, SL Agency Shares 0.49%d,e,f BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%d,e

7,486,228

7,486,228

408,467

408,467

580,685

580,685 8,475,380

TOTAL SHORT-TERM INVESTMENTS (Cost: $8,475,380)

TOTAL INVESTMENTS IN SECURITIES — 100.51% (Cost: $685,297,848) Other Assets, Less Liabilities — (0.51)% NET ASSETS — 100.00% a b c

d e f

8,475,380

658,721,342 (3,317,405) $655,403,937

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

69

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Consolidated Schedule of Investments (Unaudited) iSHARES® CORE MSCI TOTAL INTERNATIONAL STOCK ETF

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April 30, 2016 Security

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Value

COMMON STOCKS — 97.81%

AUSTRALIA — 4.97% Adelaide Brighton Ltd. AGL Energy Ltd. ALS Ltd. Alumina Ltd. Amcor Ltd./Australia AMP Ltd. Ansell Ltd. APA Group ARB Corp. Ltd. Ardent Leisure Group Aristocrat Leisure Ltd. Asciano Ltd. ASX Ltd. Aurizon Holdings Ltd. AusNet Services Australia & New Zealand Banking Group Ltd. Automotive Holdings Group Ltd. Aveo Group AWE Ltd.a,b Bank of Queensland Ltd. Beach Energy Ltd. Bendigo & Adelaide Bank Ltd. BHP Billiton Ltd. BlueScope Steel Ltd. Boral Ltd. Brambles Ltd. Broadspectrum Ltd.b BT Investment Management Ltd. BWP Trust Cabcharge Australia Ltd.a Caltex Australia Ltd. carsales.com Ltd. Challenger Ltd./Australia Charter Hall Group Charter Hall Retail REIT CIMIC Group Ltd. Cleanaway Waste Management Ltd. Coca-Cola Amatil Ltd. Cochlear Ltd. Commonwealth Bank of Australia Computershare Ltd.

70

56,204 71,072 60,147 279,833 120,766 306,255 17,917 116,831 17,914 79,802 58,577 61,490 18,783 224,019 185,467

$ 221,752 992,024 214,817 319,264 1,419,304 1,374,265 272,510 780,147 220,378 132,155 447,031 414,358 626,837 730,000 217,263

295,609 48,918 80,434 172,929 37,288 194,611 46,607 329,112 63,629 76,628 163,966 72,850 28,495 80,584 63,899 28,988 33,921 62,055 51,596 57,261 13,116 249,051 57,413 6,542 177,025 48,552

5,475,168 146,341 209,931 91,720 320,134 109,903 331,495 5,194,028 314,173 376,603 1,561,631 82,281 215,068 215,242 157,022 718,971 304,429 424,321 188,609 208,006 358,239 150,150 376,807 539,343 9,982,293 374,600

Security

Shares

Value

Crown Resorts Ltd. CSL Ltd. CSR Ltd. Dexus Property Group Domino’s Pizza Enterprises Ltd. Downer EDI Ltd. DUET Group DuluxGroup Ltd. Fairfax Media Ltd. FlexiGroup Ltd./Australia Flight Centre Travel Group Ltd.a Fortescue Metals Group Ltd.a G8 Education Ltd. Goodman Group GPT Group (The) GrainCorp Ltd. Class A GUD Holdings Ltd. GWA Group Ltd. Harvey Norman Holdings Ltd. Healthscope Ltd. Iluka Resources Ltd. Incitec Pivot Ltd. Independence Group NLa Insurance Australia Group Ltd. Investa Office Fund Invocare Ltd. IOOF Holdings Ltd. Iress Ltd. James Hardie Industries PLC JB Hi-Fi Ltd. Karoon Gas Australia Ltd.a,b LendLease Group Macquarie Atlas Roads Group Macquarie Group Ltd. Magellan Financial Group Ltd. McMillan Shakespeare Ltd. Medibank Pvt Ltd. Mesoblast Ltd.a,b Mineral Resources Ltd. Mirvac Group Monadelphous Group Ltd.a Myer Holdings Ltd. National Australia Bank Ltd.

35,879 48,175 71,170 95,812 7,521 78,279 223,620 51,487 346,543 48,373 6,252 165,276 46,141 183,410 174,037 27,164 23,126 63,014 66,257 193,758 48,230 179,996 62,486 255,836 72,563 20,846 27,569 19,941 46,278 14,102 79,805 55,871 66,489 31,008 14,781 13,799 297,867 45,960 26,958 354,138 17,774 121,146 266,721

$ 323,370 3,866,918 185,752 615,662 355,916 222,228 383,975 251,471 210,249 88,229 187,556 430,105 138,385 964,389 668,066 169,780 150,719 111,086 226,527 402,197 236,667 442,312 145,920 1,126,542 230,920 195,040 188,091 177,137 654,425 236,440 88,919 541,502 247,109 1,502,649 242,523 129,317 713,776 76,813 152,446 505,387 103,359 95,688 5,534,475

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April 30, 2016 Security

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Value

Navitas Ltd. Newcrest Mining Ltd.b Northern Star Resources Ltd. Nufarm Ltd./Australia Oil Search Ltd. Orica Ltd. Origin Energy Ltd. Orora Ltd. OZ Minerals Ltd. Pacific Brands Ltd. Perpetual Ltd. Platinum Asset Management Ltd. Premier Investments Ltd. Primary Health Care Ltd.a Qantas Airways Ltd. QBE Insurance Group Ltd. Qube Holdings Ltd.a Ramsay Health Care Ltd. REA Group Ltd. Rio Tinto Ltd. SAI Global Ltd. Sandfire Resources NL Santos Ltd. Scentre Group Seek Ltd. Seven West Media Ltd. Shopping Centres Australasia Property Group Sigma Pharmaceuticals Ltd. Sims Metal Management Ltd. Sirtex Medical Ltd. Sonic Healthcare Ltd. South32 Ltd.b Southern Cross Media Group Ltd. Spotless Group Holdings Ltd. Star Entertainment Grp Ltd. (The) Stockland Suncorp Group Ltd. Super Retail Group Ltd. Sydney Airport Tabcorp Holdings Ltd. Tatts Group Ltd. Telstra Corp. Ltd. TPG Telecom Ltd. Transurban Group

42,843 81,375 49,311 26,362 141,062 37,139 182,246 145,779 38,308 188,509 7,554 33,970 12,686 65,634 75,510 140,635 96,867 14,577 6,742 41,974 64,893 34,599 172,692 542,206 35,597 178,982

$ 167,402 1,178,063 145,635 141,230 756,790 433,642 763,555 293,703 171,900 164,721 246,447 157,101 153,933 173,807 185,554 1,196,681 184,071 722,532 261,992 1,651,274 180,759 156,577 632,592 1,940,650 444,705 144,786

114,838 242,965 19,394 8,368 42,546 550,693 114,443 147,618 78,753 228,451 129,601 20,566 116,082 85,861 140,015 422,772 33,861 208,058

205,074 203,961 140,309 189,921 630,548 697,634 94,324 145,888 339,567 761,876 1,236,313 132,779 603,284 290,275 402,834 1,729,343 276,757 1,838,667

Security

Shares

Treasury Wine Estates Ltd. Vicinity Centres Virtus Health Ltd. Vocus Communications Ltd. Wesfarmers Ltd. Western Areas Ltd.a Westfield Corp. Westpac Banking Corp. Whitehaven Coal Ltd.a,b Woodside Petroleum Ltd. Woolworths Ltd. WorleyParsons Ltd.

87,329 344,843 33,583 63,167 114,393 92,750 202,724 345,675 180,061 74,867 130,012 23,105

AUSTRIA — 0.21% ams AG Andritz AG BUWOG AG CA Immobilien Anlagen AG Conwert Immobilien Invest SEb Erste Group Bank AGb Flughafen Wien AG IMMOFINANZ AGb Lenzing AG Oesterreichische Post AG OMV AG Raiffeisen Bank International AGb RHI AG S IMMO AG Schoeller-Bleckmann Oilfield Equipment AG Semperit AG Holding UNIQA Insurance Group AG Voestalpine AG Wienerberger AG BELGIUM — 1.05% Ackermans & van Haaren NV Ageas AGFA-Gevaert NVb Anheuser-Busch InBev SA/NV Barco NV Befimmo SA Bekaert SA bpost SA Cie. d’Entreprises CFE

Value $

621,133 873,714 173,251 416,017 3,733,780 176,955 1,562,560 8,191,051 105,808 1,619,199 2,193,725 123,252 102,688,551

8,622 8,579 6,681 8,810 8,418 28,602 774 95,102 1,101 3,395 13,865 11,004 6,056 17,057

228,031 480,587 140,645 168,310 133,343 822,913 88,499 224,277 85,334 132,635 416,222 175,881 130,263 167,426

1,673 2,273 11,755 11,919 13,548

112,843 81,616 84,874 429,747 267,749 4,371,195

2,848 16,733 49,146 83,033 3,444 3,406 4,982 8,947 1,309

370,884 656,597 195,268 10,280,505 240,580 227,627 219,201 252,446 129,926

71

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April 30, 2016 Security

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Cofinimmo SA Colruyt SA D’ieteren SA/NV Delhaize Group Elia System Operator SA/NV Euronav NV EVS Broadcast Equipment SA Galapagos NVa,b Gimv NV Groupe Bruxelles Lambert SA Ion Beam Applications KBC Groep NV Kinepolis Group NV Mobistar SAb Nyrstar NVa,b Ontex Group NV Proximus SADP Solvay SA Telenet Group Holding NVb Tessenderlo Chemie NVb UCB SA Umicore SA Warehouses De Pauw CVA

1,747 6,094 3,033 10,354 3,574 15,427 5,322 4,398 5,654 7,422 5,258 24,618 4,128 6,750 143,171 8,442 13,285 6,774 5,396 5,494 13,285 9,788 3,005

BRAZIL — 0.92% Aliansce Shopping Centers SA Ambev SA B2W Cia. Digitalb Banco Bradesco SA Banco do Brasil SA Banco Santander Brasil SA Units BB Seguridade Participacoes SA BM&FBovespa SA-Bolsa de Valores Mercadorias e Futuros BR Malls Participacoes SA BRF SA CCR SA CETIP SA — Mercados Organizados Cia. de Saneamento Basico do Estado de Sao Paulo Cia. Hering Cielo SA Cosan SA Industria e Comercio CPFL Energia SAb

72

Value $

217,100 350,942 134,316 1,085,450 184,841 169,625 180,398 199,928 314,077 655,665 216,500 1,382,460 182,028 147,626 113,147 258,695 446,969 684,774 268,225 188,839 994,364 487,945 273,621 21,710,569

36,400 469,800 15,317 93,794 90,600 44,100 77,300

162,338 2,639,800 60,810 763,496 580,493 237,190 672,018

185,300 52,400 67,600 89,100

922,526 257,080 963,811 417,769

24,913

304,807

36,100 22,000 108,260 13,000 33,042

276,180 89,637 1,050,977 119,949 190,067

Security Cyrela Brazil Realty SA Empreendimentos e Participacoes Duratex SA EDP — Energias do Brasil SA Embraer SA Equatorial Energia SA Estacio Participacoes SA Even Construtora e Incorporadora SA Fibria Celulose SA Hypermarcas SA Iochpe Maxion SA JBS SA JSL SA Klabin SA Units Kroton Educacional SA Light SA Localiza Rent A Car SA Lojas Renner SA M. Dias Branco SA MRV Engenharia e Participacoes SA Multiplan Empreendimentos Imobiliarios SA Multiplus SA Natura Cosmeticos SA Odontoprev SA Petroleo Brasileiro SAb Porto Seguro SA Qualicorp SA Raia Drogasil SA Sao Martinho SA Sul America SA TIM Participacoes SA TOTVS SA Tractebel Energia SA Ultrapar Participacoes SA Vale SA Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA WEG SA CANADA — 6.88% Advantage Oil & Gas Ltd.a,b Aecon Group Inc. Ag Growth International Inc.

Shares 46,200 45,119 38,600 67,800 19,328 31,500

Value $

137,497 102,377 143,178 404,152 238,267 108,353

119,700 27,800 34,200 23,100 88,600 26,000 60,900 148,408 31,200 19,725 72,800 3,400

126,957 244,744 300,692 97,399 232,104 69,468 307,606 550,488 93,126 188,630 438,176 78,625

47,700

166,151

11,100 7,100 21,500 46,400 336,100 15,000 28,900 24,400 9,100 25,495 79,400 16,200 16,400 36,400 171,100

189,621 78,082 158,876 140,647 1,292,468 120,407 124,786 389,178 117,956 123,751 175,790 132,387 181,309 763,906 976,284

12,900 61,060

130,839 268,602 19,101,827

24,373 10,717 1,187

139,902 143,139 35,100

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April 30, 2016 Security

AGF Management Ltd. Class B Agnico Eagle Mines Ltd. Agrium Inc. Aimia Inc. Alacer Gold Corp.b Alamos Gold Inc. Class A Alaris Royalty Corp. Algonquin Power & Utilities Corp. Alimentation Couche-Tard Inc. Class B Allied Properties REIT AltaGas Ltd. Amaya Inc.a,b ARC Resources Ltd. Artis REIT Atco Ltd./Canada Class I ATS Automation Tooling Systems Inc.b AutoCanada Inc. Avigilon Corp.a,b B2Gold Corp.b Badger Daylighting Ltd.a Bank of Montreal Bank of Nova Scotia (The) Bankers Petroleum Ltd.b Barrick Gold Corp. BCE Inc. Bellatrix Exploration Ltd.a,b Birchcliff Energy Ltd.a,b Bird Construction Inc. BlackBerry Ltd.a,b Boardwalk REIT Bombardier Inc. Class Bb Bonterra Energy Corp. Brookfield Asset Management Inc. Class A CAE Inc. Cameco Corp. Canaccord Genuity Group Inc. Canadian Apartment Properties REIT Canadian Energy Services & Technology Corp. Canadian Imperial Bank of Commerce/Canada Canadian National Railway Co. Canadian Natural Resources Ltd. Canadian Pacific Railway Ltd.

Shares

Value

25,543 23,299 13,428 19,806 40,277 29,370 7,700 27,573

$ 106,038 1,103,196 1,159,057 135,350 109,326 212,197 184,478 241,258

43,885 5,227 14,697 10,354 37,020 3,295 8,868

1,926,932 147,513 357,862 140,605 625,669 35,249 290,125

10,784 5,807 8,244 109,037 5,421 63,999 122,044 98,226 124,772 13,708 53,075 21,014 17,575 49,341 2,968 212,212 8,119

99,954 95,176 106,094 242,865 101,141 4,176,336 6,411,061 148,994 2,419,537 643,924 59,321 87,572 163,178 349,003 127,241 320,199 175,395

89,938 22,929 39,143 8,132 6,635

3,044,365 271,648 490,616 27,137 158,009

26,217

80,162

39,807 81,664 113,461 15,182

3,220,534 5,037,012 3,413,069 2,194,154

Security Canadian REIT Canadian Tire Corp. Ltd. Class A Canadian Utilities Ltd. Class A Canadian Western Banka Canfor Corp.b Canyon Services Group Inc.a Capital Power Corp. CCL Industries Inc. Class B Celestica Inc.b Cenovus Energy Inc. Centerra Gold Inc. CGI Group Inc. Class Ab China Gold International Resources Corp. Ltd.b CI Financial Corp. Cineplex Inc. Cogeco Communications Inc. Colliers International Group Inc. Cominar REIT Concordia Healthcare Corp.a Constellation Software Inc./Canada Corus Entertainment Inc. Class B Cott Corp. Crescent Point Energy Corp. Crew Energy Inc.b Denison Mines Corp.a,b Descartes Systems Group Inc. (The)b Detour Gold Corp.b DH Corp. Dollarama Inc. Dominion Diamond Corp. Dorel Industries Inc. Class B Dream Unlimited Corp. Class Ab Dundee Corp. Class Aa,b Eldorado Gold Corp. Element Financial Corp. Empire Co. Ltd. Class A Enbridge Inc. Enbridge Inc.ome Fund Holdings Inc. Encana Corp. EnerCare Inc. Enerflex Ltd. Enerplus Corp. Ensign Energy Services Inc. Extendicare Inc.

Shares 2,443 7,425 13,347 10,265 9,830 34,095 12,680 3,195 14,471 86,324 18,059 23,548

Value $

86,381 810,135 384,555 226,836 107,670 132,831 179,885 586,022 155,385 1,370,736 100,055 1,077,576

39,752 24,078 7,752 2,749 4,699 3,883 4,661 2,103 15,062 14,688 52,419 29,618 171,849

80,608 533,999 306,899 137,209 194,698 53,567 135,744 823,236 150,428 195,004 884,670 120,118 104,267

11,668 19,235 11,815 12,560 10,372 4,673 19,986 24,237 69,289 40,951 16,100 95,296 11,357 87,847 15,610 10,477 27,083 13,464 21,744

215,457 413,232 307,213 907,055 119,320 104,159 121,901 120,546 292,622 460,315 267,991 3,965,214 262,845 673,265 198,147 100,705 149,188 81,691 160,572

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April 30, 2016 Security

Fairfax Financial Holdings Ltd. Finning International Inc. First Capital Realty Inc. First Majestic Silver Corp.a,b First Quantum Minerals Ltd. FirstService Corp. Fortis Inc./Canada Fortuna Silver Mines Inc.a,b Franco-Nevada Corp. Freehold Royalties Ltd. Genworth MI Canada Inc.a George Weston Ltd. Gibson Energy Inc. Gildan Activewear Inc. Goldcorp Inc. Great-West Lifeco Inc. H&R REIT Home Capital Group Inc.a HudBay Minerals Inc. Hudson’s Bay Co. Husky Energy Inc. IAMGOLD Corp.a,b IGM Financial Inc. Imperial Oil Ltd. Industrial Alliance Insurance & Financial Services Inc. Innergex Renewable Energy Inc. Intact Financial Corp. Inter Pipeline Ltd. Interfor Corp.b Intertain Group Ltd. (The)a,b Ivanhoe Mines Ltd. Class Ab Jean Coutu Group PJC Inc. (The) Class A Keyera Corp. Killam Apartment REIT Kinross Gold Corp.b Labrador Iron Ore Royalty Corp. Laurentian Bank of Canada Linamar Corp. Loblaw Companies Ltd. Lucara Diamond Corp. Lundin Mining Corp.b MacDonald Dettwiler & Associates Ltd. Magna International Inc. Class A Major Drilling Group International Inc.

74

Shares

Value

2,405 16,299 8,497 22,976 68,569 4,696 28,924 46,002 19,092 14,765 5,389 5,016 17,081 24,595 88,520 29,804 9,932 7,438 33,828 10,650 37,234 49,246 8,771 31,103

$1,291,204 290,171 137,773 245,058 585,185 211,369 919,029 294,903 1,342,811 147,579 139,737 436,007 254,320 765,182 1,786,513 878,464 173,806 223,211 169,059 141,819 469,958 167,875 276,588 1,033,208

9,985 23,140 14,521 35,620 9,516 8,832 89,823

332,408 255,859 1,076,381 762,961 82,883 78,829 74,578

10,934 17,445 27,752 132,290 11,683 2,400 5,406 23,435 47,332 67,373 3,895 41,696 28,446

166,550 562,791 260,770 755,128 137,107 95,379 234,479 1,295,230 120,918 265,168 273,328 1,754,254 178,043

Security

Shares

Value

Manitoba Telecom Services Inc. Manulife Financial Corp. Maple Leaf Foods Inc. Martinrea International Inc. Medical Facilities Corp. Methanex Corp. Metro Inc. Morguard REIT Morneau Shepell Inc. Mullen Group Ltd. National Bank of Canada Nevsun Resources Ltd. Norbord Inc. North West Co. Inc. (The) Northland Power Inc. Northview Apartment Real Estate Investment Trust NOVAGOLD Resources Inc.a,b NuVista Energy Ltd.b OceanaGold Corp. Onex Corp. Open Text Corp. Osisko Gold Royalties Ltd. Painted Pony Petroleum Ltd.b Pan American Silver Corp. Parex Resources Inc.b Parkland Fuel Corp. Pason Systems Inc. Pembina Pipeline Corp. Penn West Petroleum Ltd. Peyto Exploration & Development Corp. Poseidon Concepts Corp.b Potash Corp. of Saskatchewan Inc. Power Corp. of Canada Power Financial Corp. PrairieSky Royalty Ltd. Precision Drilling Corp. Premier Gold Mines Ltd.b Pretium Resources Inc.a,b Primero Mining Corp.a,b Progressive Waste Solutions Ltd. ProMetic Life Sciences Inc.a,b Quebecor Inc. Class B Raging River Exploration Inc.b Redknee Solutions Inc.b

4,035 201,203 11,193 26,213 14,045 9,885 26,739 9,782 14,756 12,929 34,472 15,653 5,701 10,534 15,874

$ 105,787 2,971,623 232,152 198,596 190,728 346,283 896,352 119,171 207,333 150,800 1,234,013 58,608 113,829 234,547 263,722

7,585 35,610 30,745 74,849 8,966 13,024 13,121 23,367 22,734 17,090 11,628 8,140 38,225 54,068

119,170 231,695 145,797 268,300 557,100 730,429 175,980 110,436 357,000 171,500 222,144 118,532 1,150,168 61,725

15,919 293 86,761 34,888 23,312 18,178 30,713 37,791 22,180 28,805 12,120 77,548 10,360 24,840 33,242

407,062 1 1,537,677 849,222 613,973 383,413 159,621 113,138 182,915 54,271 390,712 202,444 277,568 201,679 52,546

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Shares

Value

Restaurant Brands International Inc. RioCan REIT Ritchie Bros Auctioneers Inc. Rogers Communications Inc. Class B RONA Inc. Royal Bank of Canada Russel Metals Inc. Saputo Inc. Secure Energy Services Inc. SEMAFO Inc.b Seven Generations Energy Ltd.b Shaw Communications Inc. Class B ShawCor Ltd. Sierra Wireless Inc.a,b Silver Standard Resources Inc.a,b Silver Wheaton Corp. Smart REIT SNC-Lavalin Group Inc. Stantec Inc. Stella-Jones Inc. Sun Life Financial Inc. Suncor Energy Inc. Superior Plus Corp. Surge Energy Inc. Tahoe Resources Inc. Teck Resources Ltd. Class B TELUS Corp. Thomson Reuters Corp. TMX Group Ltd. TORC Oil & Gas Ltd. Torex Gold Resources Inc.b Toromont Industries Ltd. Toronto-Dominion Bank (The) Total Energy Services Inc. Tourmaline Oil Corp.b TransAlta Corp. TransCanada Corp. Transcontinental Inc. Class A TransForce Inc. Turquoise Hill Resources Ltd.b Valeant Pharmaceuticals International Inc.b Valener Inc.a Veresen Inc. Vermilion Energy Inc. Wajax Corp.

21,001 13,677 11,921 37,765 14,155 149,943 10,639 28,031 18,681 44,584 17,531 41,812 6,969 6,651 14,612 46,419 6,839 15,409 10,975 5,554 62,062 163,792 21,911 52,589 34,290 59,724 6,490 34,454 4,624 24,936 96,356 9,498 185,632 13,597 21,193 34,378 73,664 9,791 11,475 98,067

$ 908,210 297,867 342,612 1,471,285 269,856 9,327,446 189,746 882,822 134,671 198,966 309,305 775,088 188,607 107,629 137,418 974,258 183,888 580,759 281,779 212,698 2,120,592 4,815,950 191,017 103,280 485,086 732,365 206,109 1,420,409 191,775 168,417 171,542 285,183 8,276,822 143,178 489,642 180,041 3,063,943 154,142 216,931 293,590

34,566 19,865 33,219 11,261 7,612

1,154,316 347,471 240,802 387,923 110,358

Security West Fraser Timber Co. Ltd. Westshore Terminals Investment Corp. Whitecap Resources Inc. WSP Global Inc. Yamana Gold Inc. CHILE — 0.26% AES Gener SA Aguas Andinas SA Series A Banco de Chile Banco de Credito e Inversiones Banco Santander Chile Cencosud SA Cia. Cervecerias Unidas SA Colbun SA E.CL SA Empresa Nacional de Electricidad SA/Chile Empresa Nacional de Telecomunicaciones SA Empresas CMPC SA Empresas COPEC SA Endesa Americas SA Enersis Americas SA Enersis Chile SA Inversiones Aguas Metropolitanas SA Itau CorpBanca LATAM Airlines Group SAb Parque Arauco SA SACI Falabella SONDA SA Vina Concha y Toro SA CHINA — 4.96% 58.com Inc. ADRb AAC Technologies Holdings Inc. Agile Property Holdings Ltd.a Agricultural Bank of China Ltd. Class H Air China Ltd. Class H Ajisen (China) Holdings Ltd. Alibaba Group Holding Ltd. ADRb

Shares 7,737

Value $

255,347

12,294 29,350 9,416 103,253

180,003 220,488 317,299 512,720 142,141,931

190,034 334,137 2,103,827 3,499 6,496,418 124,255 16,889 816,547 92,944

95,277 193,661 230,720 150,507 312,695 334,072 189,300 220,118 161,513

386,927

356,243

15,699 120,991 41,672 466,790 2,454,674 2,454,674

136,998 270,485 416,401 218,859 417,230 300,713

95,104 12,922,088 33,022 89,594 51,527 78,351 52,433

155,028 117,491 235,860 173,557 398,911 156,511 88,074 5,330,224

4,486 79,500 274,250

245,160 552,909 156,266

2,355,000 214,000 360,000

853,085 162,765 153,148

52,013

4,001,880

75

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April 30, 2016 Security

Alibaba Health Information Technology Ltd.b Alibaba Pictures Group Ltd.a,b Aluminum Corp. of China Ltd. Class Ha,b Anhui Conch Cement Co. Ltd. Class H ANTA Sports Products Ltd. Anxin-China Holdings Ltd.b AVIC International Holding HK Ltd.a,b AviChina Industry & Technology Co. Ltd. Class H Baidu Inc.b Bank of China Ltd. Class H Bank of Communications Co. Ltd. Class H Beijing Capital International Airport Co. Ltd. Class H Beijing Enterprises Holdings Ltd. Beijing Enterprises Water Group Ltd. Belle International Holdings Ltd. Biostime International Holdings Ltd.a Bosideng International Holdings Ltd.a Brilliance China Automotive Holdings Ltd. Byd Co. Ltd. Class Ha,b BYD Electronic International Co. Ltd.b CAR Inc.a,b CGN Power Co. Ltd. Class Hc China Agri-Industries Holdings Ltd.b China BlueChemical Ltd. Class H China Cinda Asset Management Co. Ltd. Class H China CITIC Bank Corp. Ltd. Class Hb China Coal Energy Co. Ltd. Class Ha China Communications Construction Co. Ltd. Class H China Communications Services Corp. Ltd. Class H China Conch Venture Holdings Ltd. China Construction Bank Corp. Class H China COSCO Holdings Co. Ltd. Class Ha,b China Everbright Bank Co. Ltd. Class H China Everbright International Ltd. China Everbright Ltd. China Galaxy Securities Co. Ltd. Class H

76

Shares

Value

312,000 1,150,000

$ 211,159 269,814

454,000

152,168

138,000 119,000 1,004,000

365,583 304,357 29,523

834,000

64,508

258,000 14,294 8,167,000

180,931 2,777,324 3,337,466

953,000

603,211

198,000 57,500

213,131 300,946

522,000 499,000

312,909 306,198

29,000

80,751

1,088,000

88,362

346,000 70,500

343,003 415,337

172,500 130,000 1,029,000 320,100 376,000

98,956 147,979 330,301 110,177 87,248

954,000

313,605

890,000

559,893

299,000

141,845

476,000

574,352

424,000 158,500

200,598 321,201

8,701,000

5,597,121

274,000

107,379

392,000 298,000 126,000

178,384 334,987 250,142

365,500

322,284

Security

Shares

Value

China Gas Holdings Ltd. China High Speed Transmission Equipment Group Co. Ltd.b China Huarong Energy Co. Ltd.a,b China Huishan Dairy Holdings Co. Ltd.a China Innovationpay Group Ltd.a,b China International Marine Containers Group Co. Ltd. Class H China Jinmao Holdings Group Ltd. China Life Insurance Co. Ltd. Class H China Longyuan Power Group Corp. Ltd. China Lumena New Materials Corp.a,b China Medical System Holdings Ltd. China Mengniu Dairy Co. Ltd. China Merchants Bank Co. Ltd. Class H China Merchants Holdings International Co. Ltd. China Metal Recycling Holdings Ltd.b China Minsheng Banking Corp. Ltd. Class H China Mobile Ltd. China Modern Dairy Holdings Ltd.a China National Building Material Co. Ltd. Class H China Oil and Gas Group Ltd.a,b China Oilfield Services Ltd. Class H China Overseas Land & Investment Ltd. China Pacific Insurance Group Co. Ltd. Class H China Petroleum & Chemical Corp. Class H China Power International Development Ltd. China Railway Construction Corp. Ltd. Class H China Railway Group Ltd. Class H China Resources Beer Holdings Co. Ltd. China Resources Gas Group Ltd. China Resources Land Ltd. China Resources Power Holdings Co. Ltd. China Shanshui Cement Group Ltd.a,b China Shenhua Energy Co. Ltd. Class H

200,000

$ 289,280

150,000 478,000

116,601 46,215

645,000 1,712,000

241,131 89,383

61,300 556,000

95,934 159,836

794,000

1,848,559

379,000

263,344

152,000

1,571

153,000 305,000

199,208 518,215

477,677

1,050,530

128,000

381,168

3,000

—

624,500 637,000 362,000

588,498 7,304,330 66,733

370,000 2,052,000 178,000

191,744 142,845 154,888

418,000

1,333,664

288,600

1,019,394

2,664,200

1,899,271

409,000

175,575

218,500 424,000

279,420 337,792

140,000 104,000 304,666

308,256 294,952 752,514

214,000

362,497

163,000

20,389

360,000

608,879

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April 30, 2016 Security

China Shineway Pharmaceutical Group Ltd. China Shipping Container Lines Co. Ltd. Class Hb China Southern Airlines Co. Ltd. Class H China State Construction International Holdings Ltd. China Taiping Insurance Holdings Co. Ltd.b China Telecom Corp. Ltd. Class H China Traditional Chinese Medicine Co. Ltd.b China Travel International Investment Hong Kong Ltd. China Unicom Hong Kong Ltd. China Vanke Co. Ltd. Class H China Yurun Food Group Ltd.a,b China ZhengTong Auto Services Holdings Ltd. Chongqing Changan Automobile Co. Ltd. Class B Chongqing Rural Commercial Bank Co. Ltd. Class H CITIC Ltd. CITIC Resources Holdings Ltd.a,b CITIC Securities Co. Ltd. Class H CNOOC Ltd. Coolpad Group Ltd.b COSCO Pacific Ltd. Country Garden Holdings Co. Ltd. CRRC Corp. Ltd. Class H CSPC Pharmaceutical Group Ltd. Ctrip.com International Ltd.a,b Dah Chong Hong Holdings Ltd. Dalian Wanda Commercial Properties Co. Ltd. Class Hc Daphne International Holdings Ltd.a,b Datang International Power Generation Co. Ltd. Class H Digital China Holdings Ltd. Dongfeng Motor Group Co. Ltd. Class H Dongyue Group Ltd. ENN Energy Holdings Ltd. Evergrande Real Estate Group Ltd.a

Shares

Value

138,000

$ 158,152

485,000

111,290

210,000

132,110

214,000

334,358

195,168 1,496,000

400,038 744,413

278,000

130,808

352,000 658,000 142,700 461,000

103,006 776,992 357,615 79,040

279,000

114,374

119,498

206,732

326,000 443,000 734,000 237,500 1,851,000 536,000 206,000 706,866 469,000 466,000 14,428 260,000

171,884 648,750 66,235 524,771 2,305,040 106,410 219,352 279,750 457,682 415,106 629,205 107,926

64,300

424,815

556,000

83,860

324,000 221,000

92,307 152,989

294,000 897,000 86,000

322,910 158,419 420,732

482,000

357,902

Security Far East Horizon Ltd. FDG Electric Vehicles Ltd.a,b Fosun International Ltd. GCL-Poly Energy Holdings Ltd.a Geely Automobile Holdings Ltd. GF Securities Co. Ltd.b Glorious Property Holdings Ltd.b Golden Eagle Retail Group Ltd.a GOME Electrical Appliances Holding Ltd. Great Wall Motor Co. Ltd. Class H Guangdong Investment Ltd. Guangzhou Automobile Group Co. Ltd. Class H Guangzhou R&F Properties Co. Ltd. Class H Haier Electronics Group Co. Ltd. Haitian International Holdings Ltd. Haitong Securities Co. Ltd. Class H Hanergy Thin Film Power Group Ltd.a,b Harbin Electric Co. Ltd. Class H Hengan International Group Co. Ltd. Hengdeli Holdings Ltd. Hopewell Highway Infrastructure Ltd. Hopson Development Holdings Ltd.b Huabao International Holdings Ltd.b Huadian Power International Corp. Ltd. Class H Huaneng Power International Inc. Class H Huaneng Renewables Corp. Ltd. Class H Huatai Securities Co. Ltd.b,c Industrial & Commercial Bank of China Ltd. Class H Inner Mongolia Yitai Coal Co. Ltd. Class B Intime Retail Group Co. Ltd. JD.com Inc. ADRa,b Jiangsu Expressway Co. Ltd. Class H Jiangxi Copper Co. Ltd. Class H Ju Teng International Holdings Ltd. K Wah International Holdings Ltd. Kingboard Chemical Holdings Ltd. Kingboard Laminates Holdings Ltd.

Shares

Value

224,000 1,705,000 234,500 1,744,000 620,000 161,200 507,000 109,000

$ 178,456 103,304 325,879 260,795 309,313 367,818 58,823 125,620

1,457,000 344,500 332,000

187,826 261,133 470,788

264,000

307,317

149,200 155,000 100,000 335,600

208,878 261,757 171,196 558,093

540,000 238,000

1 97,873

80,000 1,025,200

719,847 107,050

246,775

123,114

102,000 331,000

97,303 130,570

180,000

92,585

476,000

341,788

594,000 170,600

176,120 361,996

7,620,000

4,135,539

136,200 136,500 19,278

109,913 123,176 492,746

144,000 162,000 272,000 295,000 91,500 246,500

189,718 198,187 122,374 142,990 176,461 126,472

77

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April 30, 2016 Security

Kingdee International Software Group Co. Ltd.a Kingsoft Corp. Ltd. Kunlun Energy Co. Ltd. KWG Property Holding Ltd. Lee & Man Paper Manufacturing Ltd. Lenovo Group Ltd. Li Ning Co. Ltd.a,b Longfor Properties Co. Ltd. Lonking Holdings Ltd. Luye Pharma Group Ltd.b Minth Group Ltd. MMG Ltd.a,b Netease Inc. New China Life Insurance Co. Ltd. Class H New Oriental Education & Technology Group Inc. ADR Nine Dragons Paper (Holdings) Ltd. Parkson Retail Group Ltd. PAX Global Technology Ltd.a People’s Insurance Co. Group of China Ltd. (The) Class H PetroChina Co. Ltd. Class H Phoenix Satellite Television Holdings Ltd. PICC Property & Casualty Co. Ltd. Class H Ping An Insurance Group Co. of China Ltd. Class H Poly Property Group Co. Ltd.a Qihoo 360 Technology Co. Ltd. ADRb Qunar Cayman Islands Ltd. ADRa,b Renhe Commercial Holdings Co. Ltd.b REXLot Holdings Ltd. Sany Heavy Equipment International Holdings Co. Ltd.a,b Semiconductor Manufacturing International Corp.b Shandong Weigao Group Medical Polymer Co. Ltd. Class H Shanghai Electric Group Co. Ltd. Class H Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H Shanghai Industrial Holdings Ltd.

78

Shares

Value

320,000 106,000 338,000 167,000

$ 104,368 244,872 294,550 108,503

203,000 792,000 216,000 169,000 942,000 208,000 100,000 480,000 4,658

133,201 629,949 94,116 237,905 157,866 144,795 261,692 108,287 655,381

92,200

302,492

8,809 201,000 1,329,500 113,000

344,960 144,845 145,681 97,745

778,000 2,234,000

314,923 1,644,426

654,000

151,756

427,680

782,893

550,000 454,000

2,598,554 121,735

5,535 3,788

420,328 154,588

1,942,000 50,000

66,342 896

364,000

72,732

3,318,000

273,748

276,000

166,158

338,000

142,046

51,000 65,000

138,723 148,314

Security Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B Shanghai Pharmaceuticals Holding Co. Ltd. Class H Shenzhen International Holdings Ltd. Shenzhen Investment Ltd. Shenzhou International Group Holdings Ltd. Shimao Property Holdings Ltd. Shougang Fushan Resources Group Ltd. Shui On Land Ltd. Sina Corp.b Sino Biopharmaceutical Ltd. Sino-Ocean Land Holdings Ltd. Sinofert Holdings Ltd. Sinopec Engineering Group Co. Ltd. Class H Sinopec Kantons Holdings Ltd. Sinopec Shanghai Petrochemical Co. Ltd. Class Hb Sinopharm Group Co. Ltd. Class H Sinotrans Ltd. Class H Skyworth Digital Holdings Ltd. SOHO China Ltd. Sun Art Retail Group Ltd. Sunac China Holdings Ltd. Sunny Optical Technology Group Co. Ltd.a TAL Education Group Class A ADRa,b Tech Pro Technology Development Ltd.a,b Tencent Holdings Ltd. Tianneng Power International Ltd.b Tingyi Cayman Islands Holding Corp. Tong Ren Tang Technologies Co. Ltd. Class H Towngas China Co. Ltd. TravelSky Technology Ltd. Class H Tsingtao Brewery Co. Ltd. Class H Vipshop Holdings Ltd. ADRb Want Want China Holdings Ltd.a Weichai Power Co. Ltd. Class H West China Cement Ltd. Xinyi Solar Holdings Ltd. Yanzhou Coal Mining Co. Ltd. Class H

Shares

54,100

Value

$

180,478

80,100

170,377

142,500 404,000

233,299 163,533

68,000 156,000

352,395 216,387

786,000 597,500 3,709 552,000 379,000 646,000

118,551 156,361 185,784 392,802 171,002 88,274

156,000 268,000

145,197 141,649

417,000 136,000 288,000 286,000 295,000 289,000 262,000

205,350 583,819 133,656 187,294 148,694 216,828 168,200

94,000

290,827

3,619

209,395

740,000 538,300 150,000

259,475 11,026,642 123,176

230,000

268,924

102,000 253,000 115,000 48,000 22,063 642,000 119,000 388,000 370,000

160,156 131,438 214,369 181,921 300,939 494,916 143,588 82,030 146,432

220,000

125,355

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April 30, 2016 Security

Yingde Gases Group Co. Ltd. Yuexiu Property Co. Ltd. Yuexiu REIT Zhejiang Expressway Co. Ltd. Class H Zhongsheng Group Holdings Ltd. Zhuzhou CRRC Times Electric Co. Ltd. Class H Zijin Mining Group Co. Ltd. Class H ZTE Corp. Class H

COLOMBIA — 0.08% Almacenes Exito SA Cementos Argos SA Corp. Financiera Colombiana SA Corp. Financiera Colombiana SA Newb Ecopetrol SA Grupo Argos SA/Colombia Grupo de Inversiones Suramericana SA Interconexion Electrica SA ESP

CZECH REPUBLIC — 0.04% CEZ AS Komercni Banka AS DENMARK — 1.36% ALK-Abello A/S AP Moeller — Maersk A/S Class A AP Moeller — Maersk A/S Class B Bang & Olufsen A/Sa,b Bavarian Nordic A/Sb Carlsberg A/S Class B Chr Hansen Holding A/S Coloplast A/S Class B D/S Norden A/Sa,b Danske Bank A/S DSV A/S FLSmidth & Co. A/Sa Genmab A/Sa,b GN Store Nord A/S ISS A/S Jyske Bank A/S Registered NKT Holding A/S

Shares 236,000 1,130,080 232,000

Value $

87,923 164,620 128,603

190,000 147,500

194,477 75,868

58,000

331,602

668,000 107,440

221,312 167,866 102,419,908

27,601 72,132 16,055

155,016 292,837 217,151

220 588,167 25,930

2,976 291,774 170,903

29,544 61,199

398,767 186,661 1,716,085

18,800 1,863

367,322 383,328 750,650

1,337

217,268

434

591,062

672 8,148 5,412 9,578 11,152 12,226 7,928 72,934 16,778 5,829 5,674 18,789 16,199 8,011 4,125

945,183 88,398 206,543 932,994 694,179 917,002 138,959 2,062,889 706,151 226,404 840,845 369,517 615,224 328,044 235,059

Security

Shares

Value

Novo Nordisk A/S Class B Novozymes A/S Class B Pandora A/S Rockwool International A/S Class B Royal Unibrew A/S SimCorp A/S Solar A/S Class B Sydbank A/S TDC A/S Topdanmark A/Sa,b Tryg A/S Vestas Wind Systems A/S William Demant Holding A/Sb

203,536 24,783 11,902 887 5,030 6,254 2,940 10,995 72,996 10,833 14,433 20,704 3,146

$11,366,544 1,187,988 1,545,833 147,826 227,261 281,215 151,110 310,986 373,613 286,733 272,522 1,481,520 323,397 28,072,269

24,212

22,903

100,903 87,042

513,381 40,039

159,316 261,958 277,600

180,846 87,320 208,514 1,053,003

13,450 3,638 13,532 15,709 43,612 9,876 10,194 6,729 34,833 6,599 24,014 10,966 14,111 598,718 12,136 10,042 36,025 21,620 17,192

397,756 137,504 99,193 586,729 657,355 387,983 123,529 268,899 1,589,455 151,390 150,862 263,632 451,567 3,531,568 447,857 350,339 151,099 86,124 120,114

EGYPT — 0.05% Arabian Cement Co. Commercial International Bank Egypt SAE Egypt Kuwait Holding Co. SAE Egyptian Financial Group-Hermes Holding Co.b Global Telecom Holding SAEb Talaat Moustafa Group FINLAND — 0.72% Amer Sports OYJ Cargotec OYJ Class B Caverion Corp. Elisa OYJ Fortum OYJ Huhtamaki OYJ Kemira OYJ Kesko OYJ Class B Kone OYJ Class B Konecranes OYJ Metsa Board OYJ Metso OYJ Neste OYJ Nokia OYJ Nokian Renkaat OYJ Orion OYJ Class B Outokumpu OYJa,b Outotec OYJa,b Ramirent OYJ

79

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April 30, 2016 Security

Sampo OYJ Class A Sponda OYJ Stora Enso OYJ Class R Tieto OYJ UPM-Kymmene OYJ Uponor OYJ Valmet OYJ Wartsila OYJ Abp YIT OYJ FRANCE — 6.48% ABC Arbitrage Accor SA Aeroports de Paris Air France-KLMb Air Liquide SA Airbus Group SE Alstom SAb Alten SA Altran Technologies SA ANF Immobilier APERAM SA ArcelorMittal Arkema SA Assystem Atos SE AXA SA BNP Paribas SA Bollore SA Bonduelle SCA BOURBON SAa Bouygues SA Bureau Veritas SA Capgemini SA Carrefour SA Casino Guichard Perrachon SA Cegid Group SA Christian Dior SE Cie. de Saint-Gobain Cie. Generale des Etablissements Michelin Class B CNP Assurances Coface SAb Credit Agricole SA Danone SA

80

Shares

Value

45,590 32,164 53,489 7,613 54,042 7,194 15,814 14,703 14,666

$ 1,991,014 140,062 466,829 199,939 1,032,441 110,988 198,332 630,492 100,114 14,823,166

46,018 21,942 2,650 20,361 34,954 61,194 18,708 4,075 20,016 5,409 5,600 180,246 6,629 6,477 9,063 200,921 107,950 79,363 4,104 3,029 20,186 25,989 16,803 55,731 6,042 4,169 5,589 47,164

318,348 972,203 333,566 182,646 3,963,420 3,827,534 478,255 252,034 296,997 149,614 220,159 1,018,185 529,047 168,102 806,446 5,066,196 5,717,135 314,508 121,273 44,684 673,255 616,166 1,569,070 1,579,510 359,574 295,093 981,648 2,160,500

18,840 16,298 17,238 104,587 59,384

1,966,870 277,484 139,172 1,157,039 4,160,504

Security

Shares

Value

Dassault Systemes Edenred Eiffage SA Electricite de France SAa Elior Groupc Engie SA Essilor International SA Etablissements Maurel et Promb Euler Hermes Group Eurazeo SA Eurofins Scientific SE Eutelsat Communications SA Faiveley Transport SA Faurecia Fonciere des Regions GameLoft SEb Gaztransport Et Technigaz SA Gecina SA Genfita,b Groupe Eurotunnel SE Registered Groupe Fnac SAb Guerbet Hermes International ICADE Iliad SA Imerys SA Ingenico Group SA Ipsen SA IPSOS Jacquet Metal Service JCDecaux SA Kering Klepierre Korian SA L’Oreal SA Lagardere SCA Legrand SA LVMH Moet Hennessy Louis Vuitton SE Marie Brizard Wine & Spirits SAb Mercialys SA Mersen Metropole Television SA Natixis SA Naturexb Neopost SA

13,667 20,893 6,009 23,312 10,672 143,604 21,105 34,674 1,748 4,497 1,130 16,934 1,514 7,336 2,563 21,039 4,354 3,190 3,220 47,825 2,141 1,727 2,744 3,091 2,893 3,313 5,864 4,657 6,796 8,040 8,205 7,699 22,064 5,324 26,038 12,489 26,981 28,727 4,815 8,184 8,830 8,832 96,752 1,557 4,853

$1,069,133 412,071 477,845 334,956 229,490 2,368,465 2,732,712 139,396 166,172 316,764 419,400 526,099 164,736 303,070 242,592 178,318 161,599 461,458 109,995 610,756 123,664 113,637 977,423 243,394 632,381 244,596 691,782 281,896 202,379 119,574 362,512 1,319,620 1,038,006 167,752 4,725,392 331,430 1,537,099 4,774,146 92,264 182,362 141,386 167,567 533,795 131,252 118,838

ˆ200F9Gq$mBMvvQlZ3Š 200F9Gq$mBMvvQlZ3

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April 30, 2016 Security

Shares

Nexans SAb Nexity SA Numericable-SFR SA Orange SA Orpea Pernod Ricard SA Peugeot SAb Plastic Omnium SA Publicis Groupe SA Rallye SAa Remy Cointreau SA Renault SA Rexel SA Rubis SCA Safran SA Saft Groupe SA Sanofi Sartorius Stedim Biotech Schneider Electric SE SCOR SE SEB SA Seche Environnement SA SES SA Societe BIC SA Societe Generale SA Societe Television Francaise 1 Sodexo SA Sopra Steria Group STMicroelectronics NV Suez Environnement Co. Technicolor SA Registered Technip SA Teleperformance Thales SA Total SA UBISOFT Entertainmentb Unibail-Rodamco SE Valeo SA Veolia Environnement SA Vicat SA Vilmorin & Cie SA Vinci SA Virbac SA Vivendi SA Wendel SA Zodiac Aerospace

4,250 4,329 12,052 203,009 4,906 21,443 46,241 7,377 19,678 4,828 2,507 19,823 32,367 4,348 32,356 5,258 120,922 520 57,173 14,553 2,509 2,379 34,727 2,959 72,961 15,988 9,618 2,383 69,665 30,579 40,373 11,045 6,396 11,296 224,064 11,571 9,517 8,385 46,753 2,775 1,458 48,833 658 117,334 2,442 21,852

Value $

197,873 232,193 394,580 3,366,835 404,630 2,315,491 744,382 244,352 1,456,643 92,900 208,118 1,913,515 490,456 339,435 2,229,836 163,444 9,987,087 198,627 3,722,057 495,631 281,247 85,013 947,629 420,078 2,862,130 192,183 971,498 277,031 427,998 563,881 276,985 646,561 574,331 976,809 11,273,825 336,224 2,550,668 1,329,640 1,148,884 193,243 104,387 3,648,929 120,055 2,252,350 282,212 512,452 133,849,739

Security GERMANY — 5.78% Aareal Bank AG adidas AG Allianz SE Registered Alstria office REIT AG Aurubis AG Axel Springer SE BASF SE Bayer AG Registered Bayerische Motoren Werke AG BayWa AGa Bechtle AG Beiersdorf AG Bertrandt AG Bilfinger SE Brenntag AG Carl Zeiss Meditec AG Bearer comdirect bank AG Commerzbank AG Continental AG CTS Eventim AG & Co. KGaA Daimler AG Registered Deutsche Bank AG Registered Deutsche Boerse AG Deutsche Euroshop AG Deutsche Lufthansa AG Registered Deutsche Post AG Registered Deutsche Telekom AG Registered Deutsche Wohnen AG Bearer DEUTZ AG Dialog Semiconductor PLCa,b DMG Mori AG Drillisch AGa Duerr AG E.ON SE ElringKlinger AGa Evonik Industries AG Fraport AG Frankfurt Airport Services Worldwide Freenet AG Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA GEA Group AG Gerresheimer AG Gerry Weber International AGa

Shares

Value

6,777 22,000 46,970 15,735 3,594 4,751 93,355 85,352 33,896 3,413 2,778 10,381 1,009 4,002 16,187 5,582 13,362 109,408 11,374 6,897 98,770 142,594 20,508 5,126 27,403 99,426 333,531 36,195 26,943 8,628 5,993 6,295 3,228 208,069 5,232 13,581

$ 240,778 2,837,260 7,975,415 220,770 195,055 265,330 7,714,574 9,849,105 3,125,233 119,227 290,178 931,690 116,548 174,478 949,422 182,114 151,970 1,022,533 2,498,618 241,645 6,865,627 2,689,880 1,683,914 238,923 425,594 2,919,819 5,839,016 1,108,739 137,508 299,822 287,193 259,811 258,507 2,146,950 128,059 430,329

3,861 14,028

233,757 428,506

22,980 40,028 19,743 4,340 5,204

1,993,750 2,912,141 915,586 322,805 75,101

81

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April 30, 2016 Security

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Value

Grand City Properties SA GRENKELEASING AG Hamborner REIT AG Hamburger Hafen und Logistik AG Hannover Rueck SE HeidelbergCement AG Heidelberger Druckmaschinen AGa,b Henkel AG & Co. KGaA HUGO BOSS AG Indus Holding AG Infineon Technologies AG K+S AG Registered KION Group AG Kloeckner & Co. SEa Krones AG KUKA AGa KWS Saat SEa Lanxess AG LEG Immobilien AG LEONI AG Linde AG MAN SE Merck KGaA METRO AG MorphoSys AGa,b MTU Aero Engines AG Muenchener RueckversicherungsGesellschaft AG in Muenchen Registered Nordex SEb NORMA Group SE Osram Licht AG Pfeiffer Vacuum Technology AG ProSiebenSat.1 Media SE Registered QIAGEN NVb Rational AG Rheinmetall AG RHOEN-KLINIKUM AG RTL Group SAb RWE AGb Salzgitter AG SAP SE SGL Carbon SEa,b Siemens AG Registered Software AG

14,052 1,498 26,741 8,671 6,589 14,254 65,464 11,533 6,908 3,936 118,899 19,762 7,240 16,770 1,841 3,047 485 9,559 7,109 4,873 18,887 2,800 13,503 18,397 3,846 5,422

$ 310,462 295,449 297,825 136,059 751,501 1,266,720 147,559 1,172,063 440,623 200,430 1,692,048 492,977 394,549 195,436 209,889 300,269 168,148 499,959 657,978 175,615 2,885,737 303,861 1,269,266 584,720 192,499 511,835

16,862 8,931 4,995 9,713 1,763 22,893 24,502 507 4,729 6,591 3,979 52,583 6,268 101,682 9,042 82,215 6,838

3,127,721 250,102 256,931 507,012 189,527 1,167,336 549,200 257,450 370,046 204,842 332,504 785,647 212,177 7,956,644 105,789 8,580,306 261,351

82

Security STADA Arzneimittel AG Suedzucker AG Symrise AG TAG Immobilien AGa Telefonica Deutschland Holding AG ThyssenKrupp AG United Internet AG Registeredd Volkswagen AG Vonovia SE Vossloh AGb Wacker Chemie AG Wirecard AGa Zalando SEb,c GREECE — 0.09% Alpha Bank AEb Eurobank Ergasias SAb FF Group Hellenic Telecommunications Organization SA JUMBO SAb Motor Oil Hellas Corinth Refineries SA Mytilineos Holdings SA OPAP SA Public Power Corp. SA Titan Cement Co. SA HONG KONG — 2.17% AIA Group Ltd. ASM Pacific Technology Ltd. Bank of East Asia Ltd. (The)a BOC Hong Kong Holdings Ltd. Brightoil Petroleum Holdings Ltd.a Cafe de Coral Holdings Ltd.a Cathay Pacific Airways Ltd. Champion REITa Cheung Kong Infrastructure Holdings Ltd. Cheung Kong Property Holdings Ltd. China LNG Group Ltd.a Chow Sang Sang Holdings International Ltd.a CK Hutchison Holdings Ltd. CLP Holdings Ltd.

Shares 7,565 9,663 13,022 15,187

Value $

321,022 170,440 862,967 201,688

72,802 40,595 14,384 3,958 48,510 2,261 1,882 13,840 10,135

369,724 944,323 702,399 627,181 1,632,657 156,543 180,484 597,844 335,939 119,474,553

138,678 210,187 6,888

303,374 178,146 142,005

30,181 14,483

292,789 190,266

10,702 28,140 34,488 23,888 7,846

122,085 112,805 260,705 80,165 178,830 1,861,170

1,256,000 31,800 143,000 397,500 330,000 56,000 154,000 346,000

7,561,388 229,567 520,774 1,191,393 105,077 169,288 246,171 185,551

81,000

765,914

285,388 2,645,000

1,959,072 93,768

78,000 273,888 198,500

126,695 3,283,605 1,836,020

ˆ200F9Gq$mBMwmLMZÈŠ 200F9Gq$mBMwmLMZ¨

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April 30, 2016 Security

Dah Sing Banking Group Ltd. Dah Sing Financial Holdings Ltd. Esprit Holdings Ltd.a,b FIH Mobile Ltd. First Pacific Co. Ltd./Hong Kong G-Resources Group Ltd. Galaxy Entertainment Group Ltd. Giordano International Ltd. Global Brands Group Holding Ltd.b Great Eagle Holdings Ltd. Guotai Junan International Holdings Ltd. Haitong International Securities Group Ltd.a Hang Lung Properties Ltd. Hang Seng Bank Ltd. Henderson Land Development Co. Ltd. HK Electric Investments & HK Electric Investments Ltd.c HKT Trust & HKT Ltd. Hong Kong & China Gas Co. Ltd. Hong Kong Exchanges and Clearing Ltd.a Hongkong Land Holdings Ltd. Hopewell Holdings Ltd. Hysan Development Co. Ltd. Johnson Electric Holdings Ltd. Kerry Logistics Network Ltd.a Kerry Properties Ltd. Kowloon Development Co. Ltd. Li & Fung Ltd.a Link REIT Luk Fook Holdings International Ltd.a Macau Legend Development Ltd.a,b Melco Crown Entertainment Ltd. ADRa Melco International Development Ltd.a MGM China Holdings Ltd. Midland Holdings Ltd.a,b MTR Corp. Ltd. New World Development Co. Ltd. Newocean Energy Holdings Ltd.a NWS Holdings Ltd. Orient Overseas International Ltd.a PCCW Ltd. Power Assets Holdings Ltd. Sa Sa International Holdings Ltd.a

Shares

Value

92,800 27,200 193,050 368,000 317,000 3,090,600 253,000 214,000 706,000 36,000

$ 165,569 186,366 169,229 157,975 201,057 70,918 854,509 96,831 83,731 146,187

361,000

120,997

172,000 233,000 80,000

99,557 464,967 1,454,133

125,044

781,807

350,500 284,600 754,833

315,383 412,379 1,409,011

119,000 63,000 55,000 68,000 50,250 85,000 71,000 92,000 604,000 235,000

3,011,357 400,050 185,763 301,114 148,667 119,876 193,581 88,594 374,522 1,428,383

47,000 327,000

107,242 44,684

10,686

158,153

94,000 112,400 266,000 153,000 540,666 176,000 171,000 25,000 492,000 148,500 236,000

107,969 157,938 84,698 757,387 539,467 60,125 260,561 95,234 333,615 1,415,662 72,408

Security

Shares

Sands China Ltd. Shangri-La Asia Ltd. Shun Tak Holdings Ltd. Sino Land Co. Ltd. SJM Holdings Ltd. SmarTone Telecommunications Holdings Ltd. Sun Hung Kai Properties Ltd. Swire Pacific Ltd. Class A Swire Properties Ltd. Techtronic Industries Co. Ltd. Television Broadcasts Ltd. Texwinca Holdings Ltd. Town Health International Medical Group Ltd.a Trinity Ltd.a Value Partners Group Ltd.a VTech Holdings Ltd.a WH Group Ltd.b,c Wharf Holdings Ltd. (The) Wheelock & Co. Ltd. Wynn Macau Ltd. Xinyi Glass Holdings Ltd.a Yue Yuen Industrial Holdings Ltd.

255,600 130,000 232,000 344,000 204,000

HUNGARY — 0.06% Magyar Telekom Telecommunications PLCb MOL Hungarian Oil & Gas PLC OTP Bank PLC Richter Gedeon Nyrt INDIA — 1.79% Adani Enterprises Ltd. Adani Ports & Special Economic Zone Ltd. Adani Power Ltd.b Adani Transmissions Ltd.b AIA Engineering Ltd. Ambuja Cements Ltd. Apollo Hospitals Enterprise Ltd. Ashok Leyland Ltd. Asian Paints Ltd. Astral Polytechnik Ltd. Aurobindo Pharma Ltd. Axis Bank Ltd. Bajaj Auto Ltd.

Value $

916,011 159,039 77,461 541,907 137,276

55,000 180,000 55,500 122,600 152,500 3,700 124,000

91,038 2,275,177 603,494 319,254 573,064 13,832 120,848

488,000 578,000 105,000 20,900 693,500 142,000 99,000 182,000 266,000 84,000

91,848 60,354 100,842 216,081 561,437 770,665 459,444 260,429 182,084 306,451 44,749,975

64,948 3,714 24,919 15,958

112,908 227,277 660,794 317,538 1,318,517

58,165

76,027

94,871 220,216 113,471 7,120 90,848 11,320 157,981 34,373 15,561 33,843 68,069 10,052

340,695 106,406 54,058 106,365 302,690 223,934 254,370 448,901 103,857 387,743 484,785 377,643

83

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April 30, 2016 Security

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Value

Balkrishna Industries Ltd. Bharat Forge Ltd. Bharat Heavy Electricals Ltd. Bharat Petroleum Corp. Ltd. Bharti Airtel Ltd. Bharti Infratel Ltd. Bosch Ltd. Cipla Ltd. Coal India Ltd. Container Corp. of India Ltd. Cyient Ltd. Dabur India Ltd. DCB Bank Ltd.b Divi’s Laboratories Ltd. Dr. Reddy’s Laboratories Ltd. Eicher Motors Ltd. FDC Ltd./India Federal Bank Ltd. Finolex Cables Ltd. GAIL (India) Ltd. Gateway Distriparks Ltd. Gillette India Ltd. Glenmark Pharmaceuticals Ltd. Godrej Consumer Products Ltd. Havells India Ltd. HCL Technologies Ltd. Hero Motocorp Ltd. Hindalco Industries Ltd. Hindustan Unilever Ltd. Housing Development Finance Corp. Ltd. ICICI Bank Ltd. Idea Cellular Ltd. Indiabulls Housing Finance Ltd. Info Edge India Ltd. Infosys Ltd. ITC Ltd. Jammu & Kashmir Bank Ltd. (The) JSW Steel Ltd. Jubilant Foodworks Ltd. Karur Vysya Bank Ltd. (The) Larsen & Toubro Ltd. LIC Housing Finance Ltd. Lupin Ltd. Mahindra & Mahindra Financial Services Ltd.

12,090 16,605 79,978 20,514 135,664 66,361 993 41,404 78,270 6,062 15,726 61,764 89,416 11,418 13,170 1,413 31,386 241,351 29,284 47,195 34,996 1,455 17,612 14,643 38,721 60,982 6,524 128,121 81,397

$ 121,374 199,796 151,202 302,468 743,667 375,125 294,382 335,202 339,902 123,639 108,942 256,815 127,121 180,936 613,270 426,797 85,338 166,832 126,509 256,396 146,964 91,711 220,236 291,767 193,926 689,805 284,979 186,107 1,065,045

158,781 127,373 127,951 33,836 13,554 192,510 237,735 95,005 11,670 6,280 28,181 35,159 44,441 24,732

2,605,536 455,013 228,684 353,638 153,614 3,506,277 1,164,661 98,400 241,599 109,538 204,337 665,016 309,740 599,284

40,674

183,962

84

Security

Shares

Mahindra & Mahindra Ltd. Marico Ltd. Maruti Suzuki India Ltd. MindTree Ltd. Motherson Sumi Systems Ltd. NCC Ltd./India Nestle India Ltd. NTPC Ltd. Oil & Natural Gas Corp. Ltd. Page Industries Ltd. PC Jeweller Ltd. Piramal Enterprises Ltd. Power Finance Corp. Ltd. Reliance Communications Ltd.b Reliance Industries Ltd. Reliance Infrastructure Ltd. Rural Electrification Corp. Ltd. Sadbhav Engineering Ltd. Shree Cement Ltd. Shriram Transport Finance Co. Ltd. Siemens Ltd. SRF Ltd. State Bank of Bikaner & Jaipur State Bank of India Strides Shasun Ltd. Sun Pharmaceuticals Industries Ltd. Symphony Ltd. Tata Consultancy Services Ltd. Tata Global Beverages Ltd. Tata Motors Ltd.b Tata Motors Ltd. Class Ab Tata Power Co. Ltd. Tata Steel Ltd. Tech Mahindra Ltd. Ultratech Cement Ltd. United Breweries Ltd. United Spirits Ltd.b UPL Ltd. Vedanta Ltd. Wipro Ltd. Zee Entertainment Enterprises Ltd.

40,248 66,494 12,303 14,042 47,493 64,544 3,209 134,312 82,506 924 12,047 11,322 33,011 115,530 134,850 16,499 35,985 31,032 1,295

INDONESIA — 0.55% Adaro Energy Tbk PT Astra Agro Lestari Tbk PT

Value $

807,599 259,741 703,838 143,701 180,685 75,997 276,993 282,069 270,231 175,022 65,493 203,166 89,259 97,886 1,997,845 133,959 96,785 123,510 247,831

18,002 10,064 4,690 15,431 181,631 8,547

255,890 172,634 96,490 121,775 517,537 139,293

102,988 2,115 49,737 84,695 94,225 39,387 200,033 36,496 30,835 5,337 9,969 6,979 31,413 87,322 67,378

1,259,674 76,113 1,901,224 153,289 580,081 176,835 212,609 193,182 225,998 254,374 114,547 249,994 254,742 136,650 563,109

73,175

457,716 36,998,392

2,107,600 56,600

116,663 69,098

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BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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April 30, 2016 Security

Astra International Tbk PT Bank Central Asia Tbk PT Bank Danamon Indonesia Tbk PT Bank Mandiri Persero Tbk PT Bank Negara Indonesia Persero Tbk PT Bank Rakyat Indonesia Persero Tbk PT Bank Tabungan Negara Persero Tbk PT Bumi Serpong Damai Tbk PT Ciputra Development Tbk PT Global Mediacom Tbk PT Gudang Garam Tbk PT Hanjaya Mandala Sampoerna Tbk PT Indocement Tunggal Prakarsa Tbk PT Indofood CBP Sukses Makmur Tbk PT Indofood Sukses Makmur Tbk PT Japfa Comfeed Indonesia Tbk PT Jasa Marga Persero Tbk PT Kalbe Farma Tbk PT Lippo Karawaci Tbk PT Matahari Department Store Tbk PT Media Nusantara Citra Tbk PT Mitra Adiperkasa Tbk PTb Perusahaan Gas Negara Persero Tbk PT Semen Indonesia Persero Tbk PT Summarecon Agung Tbk PT Surya Citra Media Tbk PT Tambang Batubara Bukit Asam Persero Tbk PT Telekomunikasi Indonesia Persero Tbk PT Tower Bersama Infrastructure Tbk PTb Unilever Indonesia Tbk PT United Tractors Tbk PT XL Axiata Tbk PTb IRELAND — 0.39% Bank of Irelandb C&C Group PLC

Shares

Value

2,190,300 1,355,700

$ 1,116,907 1,341,514

567,900

141,674

1,105,700

809,069

873,400

303,650

1,232,400

967,193

1,147,493 1,225,900 1,555,090 1,052,600 61,900

153,138 171,968 146,807 92,585 325,036

44,600

337,763

156,800

234,522

154,500 544,900 1,271,300 340,700 2,579,300 1,969,500

178,950 294,390 89,168 140,796 268,922 151,580

235,500 810,800 202,400

339,286 144,478 64,459

1,265,200 339,800 1,369,900 786,000

251,351 255,082 162,564 190,719

164,700

88,045

5,436,700

1,463,473

302,300 169,500 186,500 407,900

135,815 547,199 212,125 108,872 11,414,861

2,761,903 35,316

838,286 158,682

Security

Shares

Value

CRH PLC Glanbia PLC Hibernia REIT PLC Irish Continental Group PLC Kerry Group PLC Class A Kingspan Group PLC Origin Enterprises PLC Paddy Power Betfair PLC Smurfit Kappa Group PLC

82,048 18,149 131,725 30,713 16,367 18,577 18,300 8,547 24,505

$ 2,384,111 342,153 194,473 181,162 1,459,746 489,375 128,945 1,145,838 649,746 7,972,517

5,869 120,057 162,466

233,345 618,217 598,937

239,729

511,893

7,567 640 3,454 5,061 16,673 62,870 524 130,178 20,858 9,577 7,144 337,718 1,086 8,180 95,765 12,030

627,077 113,871 345,909 259,660 155,138 312,287 107,538 218,155 241,970 365,362 460,125 122,148 169,425 129,784 5,390,550 145,591 11,126,982

186,175 29,757 14,216 122,414 41,902 21,943 8,323 8,281 31,467

265,691 210,628 172,592 1,867,555 1,167,176 185,854 209,530 245,937 258,952

286,046

231,465

52,029 373,595 64,381

304,214 283,268 240,241

ISRAEL — 0.54% Azrieli Group Ltd. Bank Hapoalim BM Bank Leumi le-Israel BMb Bezeq The Israeli Telecommunication Corp. Ltd. Check Point Software Technologies Ltd.a,b Delek Group Ltd. Elbit Systems Ltd. Frutarom Industries Ltd. Gazit-Globe Ltd.a Israel Chemicals Ltd. Israel Corp. Ltd. (The) Israel Discount Bank Ltd. Class Ab Mizrahi Tefahot Bank Ltd. Mobileye NVa,b NICE-Systems Ltd. Oil Refineries Ltd.a,b Paz Oil Co. Ltd. Strauss Group Ltd. Teva Pharmaceutical Industries Ltd. Tower Semiconductor Ltd.a,b ITALY — 1.68% A2A SpA Anima Holding SpAc Ansaldo STS SpA Assicurazioni Generali SpA Atlantia SpA Autogrill SpAb Azimut Holding SpA Banca Generali SpA Banca Mediolanum SpA Banca Monte dei Paschi di Siena SpAa,b Banca Popolare dell’Emilia Romagna SC Banca Popolare di Milano Scarl Banca Popolare di Sondrio Scarl

85

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April 30, 2016 Security

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Value

Banco Popolare SC Beni Stabili SpA SIIQ Brembo SpA Buzzi Unicem SpAa CIR-Compagnie Industriali Riunite SpAb CNH Industrial NV Credito Emiliano SpA Credito Valtellinese SCb Danieli & C Officine Meccaniche SpA Davide Campari-Milano SpA De’ Longhi SpA DiaSorin SpA Ei Towers SpA Enel SpA Eni SpA ERG SpA EXOR SpA Ferrari NVa,b Fiat Chrysler Automobiles NVa FinecoBank Banca Fineco SpA Finmeccanica SpAb Hera SpA Interpump Group SpA Intesa Sanpaolo SpA Italcementi SpA Luxottica Group SpA Mediaset SpA Mediobanca SpA Moncler SpA Piaggio & C SpAa Prysmian SpA Recordati SpA Saipem SpAb Salvatore Ferragamo SpA Snam SpA Societa Cattolica di Assicurazioni Scrl Societa Iniziative Autostradali e Servizi SpA Telecom Italia SpA/Milanob Tenaris SA Terna Rete Elettrica Nazionale SpA Tod’s SpAa UniCredit SpA Unione di Banche Italiane SpA Unipol Gruppo Finanziario SpA

25,142 193,074 4,507 12,036

$ 177,530 143,076 242,154 228,011

115,102 99,709 17,498 182,046

143,697 765,151 126,361 141,993

4,941 35,074 7,941 3,299 1,558 777,971 257,185 9,862 13,156 13,438 95,364 30,853 31,881 106,989 12,899 1,345,115 20,630 18,551 85,843 63,620 15,617 60,429 22,120 12,070 657,582 6,581 226,096

108,373 338,650 182,905 192,704 91,364 3,526,770 4,182,847 128,203 494,237 605,182 765,668 247,716 402,759 321,789 185,707 3,728,317 244,792 1,010,738 386,398 522,822 253,279 133,787 521,650 306,763 314,821 152,334 1,380,251

26,315

182,798

10,110 1,254,055 48,992 169,039 1,463 504,724 97,573 50,338

105,721 1,220,881 661,011 953,329 101,041 1,950,460 413,718 215,628

86

Security

Shares

UnipolSai SpA Yoox Net-A-Porter Group SpAb

134,075 6,490

JAPAN — 17.10% 77 Bank Ltd. (The) ABC-Mart Inc. Accordia Golf Co. Ltd. Acom Co. Ltd.b Activia Properties Inc. Adastria Co. Ltd. ADEKA Corp. Advance Residence Investment Corp. Advantest Corp. Aeon Co. Ltd. Aeon Delight Co. Ltd. AEON Financial Service Co. Ltd. Aeon Mall Co. Ltd. Aica Kogyo Co. Ltd. Aichi Bank Ltd. (The) Aiful Corp.a,b Air Water Inc. Aisin Seiki Co. Ltd. Ajinomoto Co. Inc. Alfresa Holdings Corp. Alps Electric Co. Ltd. Amada Holdings Co. Ltd. Amano Corp. ANA Holdings Inc. Anritsu Corp. Aoyama Trading Co. Ltd. Aozora Bank Ltd. Arcs Co. Ltd. Ariake Japan Co. Ltd. Asahi Diamond Industrial Co. Ltd. Asahi Glass Co. Ltd. Asahi Group Holdings Ltd. Asahi Intecc Co. Ltd. Asahi Kasei Corp. Asatsu-DK Inc. ASICS Corp. Astellas Pharma Inc. Avex Group Holdings Inc. Awa Bank Ltd. (The) Azbil Corp. Bandai Namco Holdings Inc.

Value $

312,961 189,996 34,649,446

45,000 3,100 14,500 46,400 68 4,000 11,600

163,606 207,449 140,399 252,393 367,344 137,576 168,804

152 19,600 69,100 4,400 12,300 13,000 9,700 3,900 44,800 19,000 20,000 59,300 21,600 19,300 34,300 11,300 140,000 19,500 4,800 112,000 7,000 3,500 14,000 92,000 40,500 6,000 132,000 5,800 17,700 221,300 8,800 32,000 7,600 19,000

414,539 194,177 1,061,413 125,426 284,638 186,018 225,377 180,793 161,204 295,846 809,384 1,416,061 431,616 358,961 356,801 190,736 403,009 119,739 184,831 409,290 168,531 199,542 144,979 558,045 1,328,235 297,771 937,244 148,639 365,762 3,096,276 113,089 168,382 201,090 415,533

ˆ200F9Gq$mBMyQnu%{Š 200F9Gq$mBMyQnu%{

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Shares

Value

Bank of Kyoto Ltd. (The) Bank of Nagoya Ltd. (The) Benesse Holdings Inc. BIC Camera Inc. Bridgestone Corp. Brother Industries Ltd. Calbee Inc. Calsonic Kansei Corp. Canon Electronics Inc. Canon Inc. Canon Marketing Japan Inc. Capcom Co. Ltd. Casio Computer Co. Ltd. Central Glass Co. Ltd. Central Japan Railway Co. Century Tokyo Leasing Corp. Chiba Bank Ltd. (The) Chiyoda Co. Ltd. Chiyoda Corp. Chubu Electric Power Co. Inc. Chugai Pharmaceutical Co. Ltd. Chugoku Bank Ltd. (The) Chugoku Electric Power Co. Inc. (The) Ci:z Holdings Co. Ltd. Citizen Holdings Co. Ltd. Coca-Cola East Japan Co. Ltd. Coca-Cola West Co. Ltd. Cocokara fine Inc. COLOPL Inc. Colowide Co. Ltd. COMSYS Holdings Corp. Concordia Financial Group Ltd.b Cosmo Energy Holdings Co. Ltd. Cosmos Pharmaceutical Corp.a Credit Saison Co. Ltd. CyberAgent Inc. Dai Nippon Printing Co. Ltd. Dai-ichi Life Insurance Co. Ltd. (The) Daicel Corp. Daido Steel Co. Ltd. Daifuku Co. Ltd. Daihatsu Motor Co. Ltd. Daiichi Sankyo Co. Ltd. Daiichikosho Co. Ltd. Daikin Industries Ltd.

39,000 37,000 6,500 13,200 66,600 23,300 8,300 21,000 7,100 106,100 4,900 7,100 22,600 30,000 15,000 5,000 69,000 5,900 20,000 68,600 24,900 19,800

$ 272,648 126,567 188,630 133,363 2,562,041 278,089 335,506 150,540 106,240 3,085,968 90,402 168,152 446,740 172,999 2,724,660 176,410 363,718 155,778 158,138 929,990 875,032 212,444

32,200 4,500 32,500 7,800 8,900 3,000 6,800 10,500 12,700 126,900 11,100 1,200 14,300 5,600 41,000 112,900 30,000 31,000 12,400 19,100 67,700 5,900 24,300

429,153 93,537 189,542 147,113 248,713 138,651 139,248 174,387 196,562 607,725 145,552 207,486 272,381 272,162 398,906 1,444,554 388,336 108,070 231,091 267,769 1,645,756 252,554 2,017,676

Security Daikyo Inc. Daio Paper Corp. Daiseki Co. Ltd. Daishi Bank Ltd. (The) Daito Trust Construction Co. Ltd. Daiwa House Industry Co. Ltd. Daiwa House Residential Investment Corp. Daiwa Office Investment Corp. Daiwa Securities Group Inc. DCM Holdings Co. Ltd. Dena Co. Ltd. Denka Co. Ltd. Denso Corp. Dentsu Inc. DIC Corp. Disco Corp. DMG Mori Co. Ltd. Don Quijote Holdings Co. Ltd. Doutor Nichires Holdings Co. Ltd. Dowa Holdings Co. Ltd. Duskin Co. Ltd. Dydo Drinco Inc. Earth Chemical Co. Ltd. East Japan Railway Co. Ebara Corp. Eisai Co. Ltd. Electric Power Development Co. Ltd. Exedy Corp. Ezaki Glico Co. Ltd. FamilyMart Co. Ltd. Fancl Corp. FANUC Corp. Fast Retailing Co. Ltd. FCC Co. Ltd. Frontier Real Estate Investment Corp. Fuji Co. Ltd./Ehime Fuji Electric Co. Ltd. Fuji Heavy Industries Ltd. Fuji Machine Manufacturing Co. Ltd. Fuji Seal International Inc. Fuji Soft Inc. FUJIFILM Holdings Corp. Fujikura Ltd. Fujitsu Ltd.

Shares

Value

67,000 9,900 10,500 46,000 7,900 63,400

$ 110,211 100,948 200,981 165,092 1,144,077 1,755,729

85 42 166,000 14,200 12,100 52,000 49,800 22,800 95,000 3,100 14,400 13,200 7,000 23,000 6,900 3,000 5,300 34,600 49,000 26,500 15,600 6,600 5,100 6,500 8,100 20,300 5,600 6,600 53 6,900 63,000 60,900 13,400 3,600 6,100 47,300 36,000 198,000

209,888 272,424 1,002,563 109,226 210,799 226,478 1,978,595 1,208,243 228,188 274,088 171,597 490,397 124,567 150,259 129,171 152,811 226,127 3,176,881 231,272 1,692,859 483,331 160,135 266,452 351,745 110,604 3,131,469 1,527,511 114,919 269,471 157,418 279,686 2,115,093 143,775 126,847 142,188 2,019,849 182,700 723,196

87

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April 30, 2016 Security

Fukuoka Financial Group Inc. Furukawa Electric Co. Ltd. Fuyo General Lease Co. Ltd. Global One Real Estate Investment Corp. Glory Ltd. GLP J-REIT GMO Internet Inc. Gree Inc. GS Yuasa Corp. GungHo Online Entertainment Inc.a Gunma Bank Ltd. (The) Gunze Ltd. Hachijuni Bank Ltd. (The) Hakuhodo DY Holdings Inc. Hamamatsu Photonics KK Hankyu Hanshin Holdings Inc. Hanwa Co. Ltd. Haseko Corp. Hazama Ando Corp. Heiwa Corp. Heiwa Real Estate Co. Ltd. Heiwa Real Estate REIT Inc. Hikari Tsushin Inc. Hino Motors Ltd. Hirose Electric Co. Ltd. Hiroshima Bank Ltd. (The) HIS Co. Ltd. Hisamitsu Pharmaceutical Co. Inc. Hitachi Capital Corp. Hitachi Chemical Co. Ltd. Hitachi Construction Machinery Co. Ltd. Hitachi High-Technologies Corp. Hitachi Ltd. Hitachi Metals Ltd. Hitachi Zosen Corp. Hogy Medical Co. Ltd. Hokkaido Electric Power Co. Inc. Hokkoku Bank Ltd. (The) Hokuetsu Kishu Paper Co. Ltd. Hokuhoku Financial Group Inc. Hokuriku Electric Power Co. Hokuto Corp. Honda Motor Co. Ltd. HORIBA Ltd. Hoshizaki Electric Co. Ltd. House Foods Group Inc. Hoya Corp. Hulic Co. Ltd.

88

Shares

Value

80,000 79,000 2,700

$ 282,630 198,617 117,594

39 7,400 274 10,600 22,100 46,000 50,700 42,000 55,000 44,000 28,100 15,800 119,000 37,000 31,200 27,000 7,100 14,900 230 2,100 25,900 3,100 53,000 5,400 6,800 6,500 11,100

163,662 251,058 336,498 130,277 127,029 195,187 136,470 172,326 156,783 199,449 330,387 455,563 772,980 171,176 297,434 135,511 152,956 191,759 193,682 161,727 261,917 391,429 199,131 137,530 332,389 145,558 194,622

11,700 6,700 495,000 22,000 29,900 2,600 25,300 46,000 22,500 134,000 18,500 7,400 165,400 4,800 4,700 6,600 43,800 34,300

193,332 189,112 2,385,364 234,403 157,052 147,016 236,933 133,277 146,362 175,335 248,292 147,177 4,626,006 187,971 407,206 130,032 1,744,304 352,633

Security

Shares

Value

Hyakugo Bank Ltd. (The) Hyakujushi Bank Ltd. (The) Ibiden Co. Ltd. IBJ Leasing Co. Ltd. Idemitsu Kosan Co. Ltd. IHI Corp. Iida Group Holdings Co. Ltd. Inaba Denki Sangyo Co. Ltd. Industrial & Infrastructure Fund Investment Corp. INPEX Corp. Internet Initiative Japan Inc. Invincible Investment Corp. Isetan Mitsukoshi Holdings Ltd. Isuzu Motors Ltd. IT Holdings Corp. Ito EN Ltd.a ITOCHU Corp. Itochu Techno-Solutions Corp. Itoham Yonekyu Holdings Inc.b Iwatani Corp.a Iyo Bank Ltd. (The) Izumi Co. Ltd. J Front Retailing Co. Ltd. Jaccs Co. Ltd. Jafco Co. Ltd. Japan Airlines Co. Ltd. Japan Airport Terminal Co. Ltd.a Japan Aviation Electronics Industry Ltd. Japan Display Inc.a,b Japan Excellent Inc. Japan Exchange Group Inc. Japan Hotel REIT Investment Corp. Japan Logistics Fund Inc. Japan Petroleum Exploration Co. Ltd. Japan Post Bank Co. Ltd. Japan Post Holdings Co. Ltd. Japan Prime Realty Investment Corp. Japan Real Estate Investment Corp. Japan Rental Housing Investments Inc. Japan Retail Fund Investment Corp. Japan Securities Finance Co. Ltd. Japan Steel Works Ltd. (The) Japan Tobacco Inc.

50,000 42,000 10,300 8,800 9,100 151,000 16,100 5,100

$ 191,130 124,436 134,195 156,762 200,379 345,764 314,642 166,592

42 91,900 5,600 348 39,800 60,300 9,000 9,300 159,100 7,600 23,400 25,000 28,300 5,100 27,300 27,000 5,300 13,800 5,400

213,935 762,892 113,366 267,355 440,424 673,757 220,973 292,051 2,104,084 153,428 176,930 150,474 193,613 204,486 342,159 109,771 154,054 509,850 202,636

8,000 49,500 195 60,600 410 107

112,230 99,930 279,209 949,256 375,532 239,111

2,500 41,300 45,300

60,026 519,169 628,726

102 142

456,161 894,509

229

181,282

280 38,400 52,000 113,700

696,369 154,684 208,496 4,813,879

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April 30, 2016 Security

Shares

Value

JFE Holdings Inc. JGC Corp. Joyo Bank Ltd. (The) JSR Corp. JTEKT Corp. Juroku Bank Ltd. (The) JVC Kenwood Corp. JX Holdings Inc. K’s Holdings Corp. Kadokawa Dwangob Kagome Co. Ltd.a Kajima Corp. Kakaku.com Inc. Kaken Pharmaceutical Co. Ltd. Kamigumi Co. Ltd. Kanamoto Co. Ltd. Kaneka Corp. Kanematsu Corp. Kansai Electric Power Co. Inc. (The)b Kansai Paint Co. Ltd. Kao Corp. Kawasaki Heavy Industries Ltd. Kawasaki Kisen Kaisha Ltd. KDDI Corp. Keihan Holdings Co. Ltd. Keihin Corp. Keikyu Corp. Keio Corp. Keisei Electric Railway Co. Ltd. Keiyo Bank Ltd. (The) Kenedix Inc.a Kenedix Office Investment Corp. Kewpie Corp. Keyence Corp. Kikkoman Corp. Kinden Corp. Kintetsu Group Holdings Co. Ltd. Kirin Holdings Co. Ltd. Kisoji Co. Ltd. Kissei Pharmaceutical Co. Ltd. Kiyo Bank Ltd. (The) Kobayashi Pharmaceutical Co. Ltd. Kobe Steel Ltd. Koito Manufacturing Co. Ltd. Kokuyo Co. Ltd.

50,900 21,000 55,000 18,100 19,800 37,000 41,700 225,000 5,200 7,518 10,300 94,000 17,200 4,000 25,000 4,200 30,000 86,000

$ 751,405 369,774 198,935 257,303 264,814 112,734 107,957 989,626 179,578 110,457 224,685 601,804 320,385 226,926 233,188 110,893 261,321 134,231

74,100 25,700 52,100 141,000 92,000 181,400 61,000 7,000 49,000 65,000 32,000 39,000 38,000 52 11,300 4,800 16,000 13,000 200,000 86,000 12,700 5,500 11,900 3,300 330,000 11,400 13,400

676,765 466,465 2,978,117 416,431 202,925 5,372,743 451,535 106,575 454,760 589,280 455,498 147,624 168,699 308,613 305,325 3,012,926 528,623 156,493 841,161 1,279,209 272,647 131,235 148,256 272,031 333,100 515,688 181,347

Security

Shares

Value

Komatsu Ltd. Komeri Co. Ltd. Konami Holdings Corp. Konica Minolta Inc. Kose Corp. Kubota Corp. Kuraray Co. Ltd. Kureha Corp. Kurita Water Industries Ltd. KYB Corp. Kyocera Corp. KYORIN Holdings Inc. Kyowa Exeo Corp. Kyowa Hakko Kirin Co. Ltd. Kyushu Electric Power Co. Inc. Kyushu Financial Group Inc. Lawson Inc. Leopalace21 Corp. Lintec Corp. Lion Corp. LIXIL Group Corp. M3 Inc. Mabuchi Motor Co. Ltd. Makino Milling Machine Co. Ltd. Makita Corp. Mandom Corp. Marubeni Corp. Maruha Nichiro Corp. Marui Group Co. Ltd. Maruichi Steel Tube Ltd. Matsui Securities Co. Ltd. Matsumotokiyoshi Holdings Co. Ltd. Mazda Motor Corp. MCUBS MidCity Investment Corp. Medipal Holdings Corp. Megachips Corp. MEGMILK SNOW BRAND Co. Ltd. Meidensha Corp. MEIJI Holdings Co. Ltd. Meitec Corp. Minebea Co. Ltd. Miraca Holdings Inc. MIRAIT Holdings Corp. Misawa Homes Co. Ltd. MISUMI Group Inc.

95,800 6,600 11,300 45,300 3,500 117,000 36,700 37,000 12,000 38,000 32,700 8,000 10,600 26,000 45,600 38,000 7,500 29,400 6,400 28,000 27,400 21,200 5,400 18,000 12,400 3,200 160,100 7,800 23,800 5,200 14,900 4,400 56,000 50 15,900 21,400 6,800 40,000 13,300 4,700 35,000 6,600 11,300 21,600 28,800

$1,707,021 169,881 362,779 409,836 335,623 1,814,678 482,267 130,371 296,313 132,118 1,672,668 163,297 124,036 482,116 473,921 206,701 595,822 183,278 127,288 352,764 589,512 596,402 283,639 113,557 801,981 148,942 877,000 177,440 376,591 156,007 132,714 224,123 913,052 170,101 261,396 226,011 161,492 172,718 1,066,536 168,681 300,621 290,228 102,233 153,428 418,292

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April 30, 2016 Security

Mitsubishi Chemical Holdings Corp. Mitsubishi Corp. Mitsubishi Electric Corp. Mitsubishi Estate Co. Ltd. Mitsubishi Gas Chemical Co. Inc. Mitsubishi Heavy Industries Ltd. Mitsubishi Logistics Corp. Mitsubishi Materials Corp. Mitsubishi Motors Corp. Mitsubishi Tanabe Pharma Corp. Mitsubishi UFJ Financial Group Inc. Mitsubishi UFJ Lease & Finance Co. Ltd. Mitsui & Co. Ltd. Mitsui Chemicals Inc. Mitsui Engineering & Shipbuilding Co. Ltd. Mitsui Fudosan Co. Ltd. Mitsui Mining & Smelting Co. Ltd. Mitsui OSK Lines Ltd. Mitsumi Electric Co. Ltd.a Miura Co. Ltd. Mixi Inc. Mizuho Financial Group Inc. MonotaRO Co. Ltd. Mori Hills REIT Investment Corp. MORI TRUST Sogo REIT Inc. Morinaga & Co. Ltd./Japan Morinaga Milk Industry Co. Ltd. MOS Food Services Inc. MS&AD Insurance Group Holdings Inc. Murata Manufacturing Co. Ltd. Musashi Seimitsu Industry Co. Ltd. Musashino Bank Ltd. (The) Nabtesco Corp. Nachi-Fujikoshi Corp. Nagase & Co. Ltd. Nagoya Railroad Co. Ltd. Nankai Electric Railway Co. Ltd. Nanto Bank Ltd. (The) NEC Corp. NEC Networks & System Integration Corp. NET One Systems Co. Ltd. Nexon Co. Ltd. NGK Insulators Ltd.

90

Shares

Value

133,400 137,600 201,000 129,000 38,000 314,000 12,000 104,000 67,200 23,900 1,307,900

$ 725,381 2,395,895 2,250,554 2,557,213 215,580 1,166,550 170,139 343,119 282,002 438,485 6,357,669

50,110 168,100 91,000

227,613 2,107,633 316,389

96,000 98,000 67,000 107,000 20,900 12,400 5,800 2,395,100 8,200 191 121 27,000 26,000 6,500

155,222 2,495,911 130,249 237,011 105,872 238,856 204,907 3,756,230 257,124 288,477 239,071 132,988 139,726 175,812

53,400 21,200 6,700 5,200 14,500 37,000 12,500 94,000 62,000 43,000 272,000

1,481,545 2,931,483 133,631 136,276 339,885 124,838 144,399 484,957 336,670 124,183 686,387

7,700 29,600 15,200 27,000

122,630 156,860 236,392 583,934

Security

Shares

Value

NGK Spark Plug Co. Ltd. NH Foods Ltd. NHK Spring Co. Ltd. Nichi-Iko Pharmaceutical Co. Ltd. Nichias Corp. Nichii Gakkan Co.a Nichirei Corp. Nidec Corp. Nifco Inc./Japan Nihon Kohden Corp. Nikkon Holdings Co. Ltd. Nikon Corp.a Nintendo Co. Ltd. Nippon Accommodations Fund Inc. Nippon Building Fund Inc. Nippon Electric Glass Co. Ltd. Nippon Express Co. Ltd. Nippon Flour Mills Co. Ltd. Nippon Kayaku Co. Ltd. Nippon Light Metal Holdings Co. Ltd. Nippon Paint Holdings Co. Ltd. Nippon Paper Industries Co. Ltd. Nippon Prologis REIT Inc. Nippon Sheet Glass Co. Ltd.b Nippon Shinyaku Co. Ltd. Nippon Shokubai Co. Ltd. Nippon Soda Co. Ltd. Nippon Steel & Sumitomo Metal Corp. Nippon Suisan Kaisha Ltd. Nippon Telegraph & Telephone Corp. Nippon Yusen KK Nipro Corp. Nishi-Nippon City Bank Ltd. (The) Nishi-Nippon Railroad Co. Ltd. Nishimatsu Construction Co. Ltd. Nishimatsuya Chain Co. Ltd. Nissan Chemical Industries Ltd. Nissan Motor Co. Ltd. Nissan Shatai Co. Ltd. Nisshin OilliO Group Ltd. (The) Nisshin Seifun Group Inc. Nisshin Steel Co. Ltd. Nisshinbo Holdings Inc. Nissin Foods Holdings Co. Ltd. Nissin Kogyo Co. Ltd. Nitori Holdings Co. Ltd.

18,500 20,000 17,300 7,600 24,000 13,200 29,000 23,500 5,800 9,000 9,700 34,800 11,200 59 153 40,000 91,000 25,000 18,000 69,900 15,700 10,400 173 148,000 7,000 3,400 18,000

$ 389,210 454,414 159,426 187,665 159,708 101,287 260,199 1,797,724 287,303 234,600 187,663 523,976 1,586,392 253,105 980,962 218,702 432,908 196,972 200,364 126,740 433,164 204,705 421,364 118,959 326,791 183,990 97,911

77,900 30,900

1,702,959 175,589

71,800 149,000 16,300 64,000 49,000 40,000 13,100 12,800 249,300 9,600 34,000 25,300 10,100 13,300 6,600 9,200 8,200

3,264,033 302,192 163,617 119,632 305,463 177,952 152,922 353,631 2,330,015 98,158 146,811 425,391 141,029 149,787 313,360 130,698 787,850

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April 30, 2016 Security

Shares

Nitto Boseki Co. Ltd.b Nitto Denko Corp. Nitto Kogyo Corp. NOF Corp. NOK Corp. Nomura Holdings Inc. Nomura Real Estate Holdings Inc. Nomura Real Estate Master Fund Inc. Nomura Research Institute Ltd. Noritz Corp. North Pacific Bank Ltd. NSK Ltd. NTN Corp. NTT Data Corp. NTT DOCOMO Inc. NTT Urban Development Corp. Obayashi Corp. Obic Co. Ltd. Odakyu Electric Railway Co. Ltd. Ogaki Kyoritsu Bank Ltd. (The) Oiles Corp. Oita Bank Ltd. (The) Oji Holdings Corp. Okasan Securities Group Inc. Oki Electric Industry Co. Ltd. Okinawa Electric Power Co. Inc. (The) OKUMA Corp. Okumura Corp. Olympus Corp. Omron Corp. Ono Pharmaceutical Co. Ltd. Oracle Corp. Japan Orient Corp.b Oriental Land Co. Ltd./Japan ORIX Corp. Orix JREIT Inc. Osaka Gas Co. Ltd. OSAKA Titanium Technologies Co. Ltd.a OSG Corp. Otsuka Corp. Otsuka Holdings Co. Ltd. Pacific Metals Co. Ltd.a,b Panasonic Corp. Paramount Bed Holdings Co. Ltd. Park24 Co. Ltd.

26,000 17,300 6,800 25,000 9,400 369,800 13,700

Value $

83,107 975,960 112,428 203,047 163,937 1,655,192 259,160

395 13,500 6,800 59,000 49,900 53,000 13,800 148,100 13,900 72,000 7,600 68,000 45,000 8,200 66,000 86,000 31,000 112,000

627,230 490,817 116,686 154,951 459,848 173,373 740,334 3,594,707 135,629 727,436 412,692 758,204 142,997 136,647 206,645 364,110 170,653 162,251

6,600 17,000 27,000 29,400 21,100 44,300 5,200 53,900 21,200 137,000 252 194,000

171,485 139,820 145,857 1,193,916 702,051 2,061,081 287,228 112,339 1,505,865 2,031,408 424,887 719,465

3,600 9,200 6,400 41,300 35,000 230,000 4,700 11,300

50,739 175,410 318,220 1,658,253 114,818 2,137,595 180,541 325,814

Security

Shares

Value

Penta-Ocean Construction Co. Ltd. Pigeon Corp. Pioneer Corp.b Pola Orbis Holdings Inc. Premier Investment Corp. Press Kogyo Co. Ltd. Rakuten Inc. Recruit Holdings Co. Ltd. Relia Inc. Rengo Co. Ltd. Resona Holdings Inc. Resorttrust Inc. Ricoh Co. Ltd. Ricoh Leasing Co. Ltd. Rinnai Corp. Rohm Co. Ltd. Rohto Pharmaceutical Co. Ltd. Royal Holdings Co. Ltd. Ryohin Keikaku Co. Ltd. Ryosan Co. Ltd. Saizeriya Co. Ltd. San-in Godo Bank Ltd. (The) Sangetsu Co. Ltd. Sankyo Co. Ltd. Sankyo Tateyama Inc. Sankyu Inc. Sanrio Co. Ltd.a Santen Pharmaceutical Co. Ltd. Sanwa Holdings Corp. Sapporo Holdings Ltd. Sawai Pharmaceutical Co. Ltd. SBI Holdings Inc./Japan SCREEN Holdings Co. Ltd. SCSK Corp. Secom Co. Ltd. Sega Sammy Holdings Inc. Seibu Holdings Inc. Seiko Epson Corp. Seino Holdings Co. Ltd. Sekisui Chemical Co. Ltd. Sekisui House Ltd. Sekisui House SI Residential Investment Corp. Senshu Ikeda Holdings Inc. Seven & I Holdings Co. Ltd.

39,300 12,100 49,500 2,800 181 47,600 97,600 14,800 11,000 25,000 226,200 8,900 68,000 4,400 4,100 10,100 13,500 9,300 2,600 6,700 5,200 16,800 8,700 4,700 7,700 31,000 7,200 39,700 24,700 46,000 3,700 24,200 26,000 6,500 21,500 20,600 12,600 27,900 16,900 41,900 62,000

$ 182,184 331,239 137,866 230,029 233,450 169,055 1,113,331 472,377 117,510 139,726 831,271 191,567 720,707 130,567 374,382 462,545 238,721 181,750 599,486 166,882 93,993 112,424 160,998 183,177 108,956 149,792 145,756 592,188 198,071 253,227 244,834 262,820 210,926 243,913 1,696,972 231,424 275,093 481,363 178,327 543,159 1,119,239

168 49,600 78,200

180,726 192,383 3,320,366

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April 30, 2016 Security

Shares

Value

Seven Bank Ltd. Sharp Corp./Japana,b Shiga Bank Ltd. (The) Shikoku Electric Power Co. Inc. Shimachu Co. Ltd. Shimadzu Corp. Shimamura Co. Ltd. Shimano Inc. Shimizu Corp. Shin-Etsu Chemical Co. Ltd. Shinko Electric Industries Co. Ltd. ShinMaywa Industries Ltd. Shinsei Bank Ltd. Shionogi & Co. Ltd. Ship Healthcare Holdings Inc. Shiseido Co. Ltd. Shizuoka Bank Ltd. (The) SHO-BOND Holdings Co. Ltd.a Showa Corp. Showa Denko KK Showa Shell Sekiyu KK SKY Perfect JSAT Holdings Inc. SMC Corp./Japan SoftBank Group Corp. Sohgo Security Services Co. Ltd. Sojitz Corp. Sompo Japan Nipponkoa Holdings Inc. Sony Corp. Sony Financial Holdings Inc. Sotetsu Holdings Inc. Square Enix Holdings Co. Ltd. Stanley Electric Co. Ltd. Start Today Co. Ltd. Sugi Holdings Co. Ltd. Sumco Corp. Sumitomo Bakelite Co. Ltd. Sumitomo Chemical Co. Ltd. Sumitomo Corp. Sumitomo Dainippon Pharma Co. Ltd. Sumitomo Electric Industries Ltd. Sumitomo Forestry Co. Ltd. Sumitomo Heavy Industries Ltd. Sumitomo Metal Mining Co. Ltd. Sumitomo Mitsui Construction Co. Ltd. Sumitomo Mitsui Financial Group Inc. Sumitomo Mitsui Trust Holdings Inc.

66,000 162,000 24,000 21,300 7,600 27,000 2,400 8,400 66,000 41,800 19,000 20,000 183,000 31,600 5,600 38,300 54,000 4,500 15,700 157,000 19,700 28,100 5,700 99,400 7,500 127,100

$ 290,537 224,085 108,117 270,543 182,480 427,478 332,651 1,262,414 606,365 2,423,341 110,454 143,184 266,816 1,666,609 143,042 889,532 416,375 198,514 141,307 168,746 211,371 153,638 1,456,764 5,562,944 430,394 264,903

35,300 131,300 19,600 47,000 9,300 15,300 7,300 4,600 23,700 27,000 154,000 106,300

970,135 3,409,051 254,629 308,809 246,766 327,750 316,576 228,721 160,592 115,323 728,296 1,162,400

18,300 76,200 15,800 61,000 47,000

243,384 957,886 189,609 269,667 549,970

157,900

141,674

130,000 337,000

4,146,829 1,085,380

92

Security Sumitomo Osaka Cement Co. Ltd. Sumitomo Realty & Development Co. Ltd. Sumitomo Rubber Industries Ltd. Sumitomo Warehouse Co. Ltd. (The) Sundrug Co. Ltd. Suntory Beverage & Food Ltd. Suruga Bank Ltd. Suzuken Co. Ltd./Aichi Japan Suzuki Motor Corp. Sysmex Corp. T&D Holdings Inc. Tadano Ltd. Taiheiyo Cement Corp. Taikisha Ltd. Taisei Corp. Taisho Pharmaceutical Holdings Co. Ltd. Taiyo Holdings Co. Ltd. Taiyo Nippon Sanso Corp. Taiyo Yuden Co. Ltd. Takara Holdings Inc. Takasago Thermal Engineering Co. Ltd. Takashimaya Co. Ltd. Takeda Pharmaceutical Co. Ltd. Tamron Co. Ltd. TDK Corp. Teijin Ltd. Temp Holdings Co. Ltd. Terumo Corp. THK Co. Ltd. Toagosei Co. Ltd. Tobu Railway Co. Ltd. Toda Corp. Toho Bank Ltd. (The) Toho Co. Ltd./Tokyo Toho Gas Co. Ltd. Toho Holdings Co. Ltd. Toho Zinc Co. Ltd.a Tohoku Electric Power Co. Inc. Tokai Carbon Co. Ltd. Tokai Rika Co. Ltd. Tokai Tokyo Financial Holdings Inc. Tokio Marine Holdings Inc. Tokuyama Corp.a,b Tokyo Dome Corp. Tokyo Electric Power Co. Holdings Inc.b

Shares

Value

49,000

$ 215,244

38,000 17,900

1,152,484 284,406

25,000 4,500 15,500 21,200 9,400 38,900 15,900 59,800 16,000 122,000 6,500 112,000

129,212 331,417 693,911 427,983 336,044 1,117,973 1,040,236 604,455 160,456 332,950 153,577 782,990

3,900 3,700 16,800 14,500 20,700

328,053 127,258 161,256 153,138 180,892

9,300 31,000 81,100 7,100 13,000 91,000 16,300 32,600 13,600 18,000 101,000 25,000 68,000 12,700 54,000 6,700 69,000 48,700 53,000 7,900 32,900 71,400 79,000 29,000

119,863 233,815 3,988,487 117,919 799,477 337,651 254,414 1,287,303 278,495 167,559 530,511 120,333 231,973 333,539 378,522 160,244 194,112 640,867 143,652 153,503 178,037 2,461,747 129,212 126,305

155,100

855,264

ˆ200F9Gq$mBM!yYS%zŠ 200F9Gq$mBM!yYS%z

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April 30, 2016 Security

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Value

Tokyo Electron Ltd. Tokyo Gas Co. Ltd. Tokyo Ohka Kogyo Co. Ltd. Tokyo Seimitsu Co. Ltd. Tokyo Tatemono Co. Ltd. Tokyu Corp. Tokyu Fudosan Holdings Corp. TOKYU REIT Inc. TOMONY Holdings Inc. Tomy Co. Ltd. TonenGeneral Sekiyu KK Top REIT Inc.a Topcon Corp. Toppan Forms Co. Ltd. Toppan Printing Co. Ltd. Toray Industries Inc. Toshiba Corp.a,b Toshiba Machine Co. Ltd. Toshiba TEC Corp. Tosoh Corp. TOTO Ltd. Toyo Ink SC Holdings Co. Ltd. Toyo Seikan Group Holdings Ltd. Toyo Suisan Kaisha Ltd. Toyo Tire & Rubber Co. Ltd. Toyobo Co. Ltd. Toyoda Gosei Co. Ltd. Toyota Boshoku Corp. Toyota Industries Corp. Toyota Motor Corp. Toyota Tsusho Corp. Trend Micro Inc./Japan TS Tech Co. Ltd. TSI Holdings Co. Ltd. Tsubakimoto Chain Co. Tsumura & Co. Tsuruha Holdings Inc. UACJ Corp. Ube Industries Ltd. ULVAC Inc. Unicharm Corp. Unipres Corp. United Arrows Ltd. United Urban Investment Corp. Universal Entertainment Corp.

18,200 245,000 5,300 8,200 24,500 122,000 56,000 138 74,300 16,100 32,000 39 12,400 8,700 47,000 152,000 432,000 39,000 18,000 57,000 14,800 37,000 17,800 10,200 11,400 121,000 8,100 7,900 16,500 284,300 21,700 11,700 5,900 22,800 19,000 7,900 4,300 41,000 128,000 5,200 39,900 6,200 4,400 305 3,700

$ 1,260,621 1,110,795 155,292 177,649 333,857 1,082,088 396,729 200,948 220,133 116,317 313,136 148,353 158,542 98,876 415,991 1,316,495 948,829 120,650 70,321 271,695 526,324 152,157 365,167 371,793 179,106 211,477 155,270 152,987 750,245 15,023,433 511,089 457,634 141,000 150,018 129,987 208,806 424,394 86,602 251,227 167,671 854,907 114,155 183,410 533,347 59,964

Security

Shares

UNY Group Holdings Co. Ltd. Ushio Inc. USS Co. Ltd. Valor Holdings Co. Ltd. Wacom Co. Ltd. WATAMI Co. Ltd.a West Japan Railway Co. Xebio Holdings Co. Ltd. Yahoo Japan Corp. Yakult Honsha Co. Ltd. Yamada Denki Co. Ltd. Yamagata Bank Ltd. (The) Yamaguchi Financial Group Inc. Yamaha Corp. Yamaha Motor Co. Ltd. Yamanashi Chuo Bank Ltd. (The) Yamato Holdings Co. Ltd. Yamato Kogyo Co. Ltd. Yamazaki Baking Co. Ltd. Yaskawa Electric Corp. Yokogawa Electric Corp. Yokohama Rubber Co. Ltd. (The) Yoshinoya Holdings Co. Ltd. Zenkoku Hosho Co. Ltd. Zenrin Co. Ltd. Zensho Holdings Co. Ltd. Zeon Corp.

24,800 11,800 25,100 5,900 27,200 17,200 17,800 6,500 160,400 9,600 74,300 41,000 19,000 19,300 27,100 33,000 36,300 5,300 13,000 26,900 25,600 11,000 13,400 6,700 6,800 12,600 20,000

MALAYSIA — 0.73% Alliance Financial Group Bhd AMMB Holdings Bhd Astro Malaysia Holdings Bhd Axiata Group Bhd Berjaya Corp. Bhd British American Tobacco Malaysia Bhd Bumi Armada Bhda,b Bursa Malaysia Bhd Capitaland Malaysia Mall Trust Carlsberg Brewery Malaysia Bhd CIMB Group Holdings Bhd Dialog Group Bhd DiGi.Com Bhda Gamuda Bhd Genting Bhd

Value $

185,429 166,862 411,472 146,459 115,161 164,613 1,110,972 106,982 743,571 494,378 381,934 152,895 182,018 577,223 468,827 126,146 756,229 128,098 317,361 329,603 288,552 193,280 172,830 246,722 149,671 163,808 147,484 353,134,297

182,800 210,500 240,500 309,100 949,100

187,175 244,097 170,532 447,054 93,537

15,300 218,600 93,700 394,800 29,800 574,200 601,078 378,400 217,700 258,200

179,691 44,207 201,719 145,530 102,982 686,424 244,647 426,202 264,706 584,279

93

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Genting Malaysia Bhd Genting Plantations Bhd Hong Leong Bank Bhd Hong Leong Financial Group Bhd IHH Healthcare Bhd IJM Corp. Bhd IOI Corp. Bhd IOI Properties Group Bhd KPJ Healthcare Bhd Kuala Lumpur Kepong Bhd Lafarge Malaysia Bhd Malayan Banking Bhda Malaysia Airports Holdings Bhd Malaysian Resources Corp. Bhd Maxis Bhda Media Prima Bhd MISC Bhd Parkson Holdings Bhdb Pavilion REIT Petronas Chemicals Group Bhd Petronas Dagangan Bhd Petronas Gas Bhd PPB Group Bhd Public Bank Bhd RHB Capital Bhda Sapurakencana Petroleum Bhd Sime Darby Bhd Sunway REITa Telekom Malaysia Bhd Tenaga Nasional Bhd UMW Holdings Bhda WCT Holdings Bhd YTL Corp. Bhd YTL Power International Bhd

338,000 53,600 75,400 36,300 317,300 307,100 344,800 218,573 163,300 47,000 65,300 487,900 102,400 203,400 231,600 371,600 113,200 238,106 353,300 314,200 32,300 91,200 48,600 263,160 87,100 321,500 330,300 293,100 123,300 365,200 82,300 256,764 575,600 296,200

MEXICO — 0.93% Alfa SAB de CV Alsea SAB de CV America Movil SAB de CV Arca Continental SAB de CV Bolsa Mexicana de Valores SAB de CV Cemex SAB de CV CPOb Coca-Cola Femsa SAB de CV Series L Corp Inmobiliaria Vesta SAB de CV

94

Value $

386,755 146,812 259,794 138,826 532,015 271,213 390,123 135,402 176,823 287,787 146,430 1,115,307 175,625 63,001 332,000 134,124 244,859 55,466 151,033 539,686 197,116 513,139 201,292 1,259,719 136,453 135,793 651,046 121,547 209,892 1,342,448 138,202 107,793 229,857 113,733 15,063,893

271,900 74,300 3,247,000 46,500

513,347 285,805 2,305,035 322,392

125,500 1,477,287

209,322 1,101,330

49,800

434,759

82,000

134,231

Security El Puerto de Liverpool SAB de CV Series C1 Fibra Uno Administracion SA de CV Fomento Economico Mexicano SAB de CV Genomma Lab Internacional SAB de CV Series Bb Gentera SAB de CV Gruma SAB de CV Series B Grupo Aeroportuario del Pacifico SAB de CV Series B Grupo Aeroportuario del Sureste SAB de CV Series B Grupo Bimbo SAB de CV Grupo Carso SAB de CV Series A1 Grupo Comercial Chedraui SA de CV Grupo Financiero Banorte SAB de CV Grupo Financiero Inbursa SAB de CV Series O Grupo Financiero Santander Mexico SAB de CV Series B Grupo Herdez SAB de CV Grupo Lala SAB de CV Grupo Mexico SAB de CV Series B Grupo Simec SAB de CV Series Ba,b Grupo Televisa SAB Industrias CH SAB de CV Series Ba,b Industrias Penoles SAB de CV Kimberly-Clark de Mexico SAB de CV Series A La Comer SAB de CVb Macquarie Mexico Real Estate Management SA de CV Mexichem SAB de CV Minera Frisco SAB de CV Series A1b OHL Mexico SAB de CVb Promotora y Operadora de Infraestructura SAB de CV Telesites SAB de CVb TV Azteca SAB de CV CPO Wal-Mart de Mexico SAB de CV NETHERLANDS — 2.04% Aalberts Industries NV Aegon NV

Shares 22,600 223,500

Value $

258,031 534,440

190,700

1,782,171

89,900 148,800 23,700

99,194 297,266 347,740

37,000

350,144

23,500 185,700 71,600

362,476 568,616 343,887

53,000

150,869

263,800

1,504,172

282,700

557,503

179,100 66,300 98,200 380,600 18,600 259,700

329,671 147,391 263,770 972,317 62,329 1,520,062

25,200 14,030

105,483 220,288

154,900 97,600

368,231 102,334

106,300 104,000

146,952 263,685

129,100 88,200

92,627 144,071

31,195 198,455 580,200 557,300

397,358 122,345 81,293 1,384,364 19,187,301

10,676 186,067

365,854 1,068,116

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April 30, 2016 Security

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AerCap Holdings NVa,b Akzo Nobel NV Altice NV Class Aa,b Altice NV Class Bb Arcadis NV ASM International NV ASML Holding NV BinckBank NV Boskalis Westminster Brunel International NVa Corbion NV Delta Lloyd NV Eurocommercial Properties NV Euronext NVc Fugro NV CVAa,b Gemalto NV Heineken Holding NV Heineken NV IMCD Group NV ING Groep NV CVA Koninklijke Ahold NV Koninklijke BAM Groep NV Koninklijke DSM NV Koninklijke KPN NV Koninklijke Philips NV Koninklijke Vopak NV NN Group NV NSI NV NXP Semiconductors NVb OCI NVb PostNL NVb Randstad Holding NV RELX NV SBM Offshore NVa TKH Group NV TNT Express NVb TomTom NVa,b Unilever NV CVA USG People NV VastNed Retail NV Wereldhave NV Wolters Kluwer NV

9,133 24,802 45,452 7,087 9,031 7,062 36,048 21,748 8,508 5,643 10,084 52,020 5,744 7,586 7,939 8,939 10,186 23,408 6,179 396,577 86,442 32,667 17,677 332,060 96,165 7,723 33,295 40,292 14,379 9,296 52,992 12,749 103,267 18,645 5,442 49,197 12,060 168,111 10,521 4,803 4,384 32,818

NEW ZEALAND — 0.22% Air New Zealand Ltd.

74,896

Value $

365,411 1,758,107 689,774 108,323 154,689 288,151 3,484,670 128,058 354,753 127,228 257,443 265,374 268,550 320,610 161,581 581,534 841,040 2,194,426 249,539 4,857,875 1,881,120 157,331 1,084,394 1,306,416 2,643,421 419,676 1,153,947 191,285 1,226,241 183,823 231,852 684,910 1,733,347 249,747 215,038 446,669 109,882 7,387,021 209,794 211,518 225,904 1,249,240 42,093,682 128,833

Security

Shares

Value

Auckland International Airport Ltd. Chorus Ltd. Contact Energy Ltd. Fisher & Paykel Healthcare Corp. Ltd. Fletcher Building Ltd. Freightways Ltd. Infratil Ltd. Kiwi Property Group Ltd. Meridian Energy Ltd. Mighty River Power Ltd. Nuplex Industries Ltd. Precinct Properties New Zealand Ltd. Ryman Healthcare Ltd. Sky Network Television Ltd. SKYCITY Entertainment Group Ltd. Spark New Zealand Ltd. Trade Me Group Ltd. Xero Ltd.a,b Z Energy Ltd.

102,876 48,798 73,152

$ 442,407 136,488 259,850

78,621 70,782 38,042 50,156 85,078 137,159 87,439 36,262

503,028 412,782 176,098 113,632 88,046 254,157 184,648 133,627

132,147 41,485 41,148 70,501 194,561 49,607 9,828 43,291

117,815 259,045 153,359 241,066 504,733 158,176 112,705 237,326 4,617,821

5,606 20,580 16,093 22,411 6,485 21,067 13,929 15,630 102,029 94,652 23,848 3,952 39,175 139,590 4,216 129,216 18,300 84,017 9,748 8,733 36,543 26,381 115,223 54,154

115,568 78,974 150,890 188,559 229,446 157,629 83,723 139,561 1,306,350 109,259 408,407 192,880 609,589 607,256 194,246 144,262 149,539 733,500 284,365 248,249 177,261 162,171 2,036,205 229,264

NORWAY — 0.55% Aker ASA Class A Aker Solutions ASAb Atea ASA Austevoll Seafood ASA Bakkafrost P/F Borregaard ASA BW LPG Ltd.c Det Norske Oljeselskap ASAa,b DNB ASA DNO ASAa,b Gjensidige Forsikring ASA Leroy Seafood Group ASA Marine Harvest ASA Norsk Hydro ASA Norwegian Air Shuttle ASAa,b Norwegian Property ASAb Opera Software ASAa Orkla ASA Schibsted ASA Schibsted ASA Class Bb Seadrill Ltd.a,b SpareBank 1 SMN Statoil ASA Storebrand ASAb

95

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Subsea 7 SAb Telenor ASA TGS Nopec Geophysical Co. ASA Yara International ASA

29,914 78,105 12,770 17,919

PERU — 0.09% Cia. de Minas Buenaventura SA ADRb Credicorp Ltd. Southern Copper Corp.a

25,908 7,199 15,542

262,966 1,046,879 461,131 1,770,976

197,410 159,500 238,100 26,700 825,000 129,477 186,820 1,180,000 469,200 1,061,600 183,500 29,840 3,725 9,485

279,563 152,739 73,633 439,045 609,677 249,910 398,443 76,507 124,886 133,358 79,251 42,385 174,303 276,534

73,010 289,742 52,140 283,300 1,473,600 44,547

101,214 503,630 255,321 167,669 182,285 77,194

9,535 18,310 922,400 107,170

349,168 368,641 445,585 476,336 6,037,277

9,427 9,263 4,787 74,351 13,944 4,299

170,337 140,407 92,750 97,323 566,733 298,807

PHILIPPINES — 0.29% Aboitiz Equity Ventures Inc. Aboitiz Power Corp. Alliance Global Group Inc. Ayala Corp. Ayala Land Inc. Bank of the Philippine Islands BDO Unibank Inc. Belle Corp. DMCI Holdings Inc. Energy Development Corp. First Gen Corp. First Philippine Holdings Corp. Globe Telecom Inc. GT Capital Holdings Inc. International Container Terminal Services Inc. JG Summit Holdings Inc. Jollibee Foods Corp. Manila Water Co. Inc. Metro Pacific Investments Corp. Metropolitan Bank & Trust Co. Philippine Long Distance Telephone Co. SM Investments Corp. SM Prime Holdings Inc. Universal Robina Corp. POLAND — 0.27% Alior Bank SAb Asseco Poland SA Bank Handlowy w Warszawie SA Bank Millennium SAb Bank Pekao SA Bank Zachodni WBK SA

96

$

275,277 1,344,372 213,617 717,441 11,287,860

Security Cyfrowy Polsat SAb Enea SA Eurocash SA Globe Trade Centre SAb Grupa Azoty SAb Grupa Lotos SAb KGHM Polska Miedz SA LPP SA Lubelski Wegiel Bogdanka SA mBank SAb Netia SA Orange Polska SA PGE Polska Grupa Energetyczna SA Polski Koncern Naftowy ORLEN SA Polskie Gornictwo Naftowe i Gazownictwo SA Powszechna Kasa Oszczednosci Bank Polski SAb Powszechny Zaklad Ubezpieczen SA Synthos SA Tauron Polska Energia SA PORTUGAL — 0.13% Banco BPI SA Registereda,b,d Banco Comercial Portugues SA Registereda,b CTT-Correios de Portugal SA EDP — Energias de Portugal SA Galp Energia SGPS SA Jeronimo Martins SGPS SA NOS SGPS SA Sonae SGPS SA QATAR — 0.19% Barwa Real Estate Co. Commercial Bank QSC (The) Doha Bank QSC Ezdan Holding Group QSC Industries Qatar QSC Masraf Al Rayan QSC Ooredoo QSC Qatar Electricity & Water Co. QSC Qatar Gas Transport Co. Ltd. Qatar Insurance Co. SAQ Qatar Islamic Bank SAQ

Shares

Value

23,918 34,411 11,298 37,922 5,612 11,351 13,596 146 2,942 1,749 92,603 79,927

$ 152,031 106,301 161,197 69,991 127,672 88,198 264,673 215,206 35,198 147,986 122,427 130,150

98,595

340,196

35,223

633,955

202,198

268,906

92,664

593,372

62,353 48,536 149,166

563,492 51,715 115,590 5,554,613

60,557

75,879

5,006,573 20,085 238,375 37,651 28,445 34,162 173,012

221,917 185,599 847,462 517,267 465,561 245,133 192,214 2,751,032

8,813 15,463 12,370 88,370 15,431 36,795 9,839 3,496 28,045 15,829 8,763

81,837 162,706 125,233 446,718 445,137 345,721 247,874 200,545 178,368 347,465 236,415

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Value

21,919 55,892

$ 867,149 184,264 3,869,432

RUSSIA — 0.43% Gazprom PAO ADR LSR Group PJSC GDRd Lukoil PJSC ADR Magnit PJSC GDRd Mechel PJSCb MegaFon PJSC GDRd Mobile TeleSystems PJSC ADR Novatek OAO GDRd Sberbank of Russia PJSC ADR Sistema JSFC GDRd

481,875 182,920 39,735 24,935 72,014 12,214 57,384 8,865 188,851 27,960

2,490,330 411,570 1,688,737 862,751 143,308 140,461 531,376 851,040 1,513,830 205,506 8,838,909

SINGAPORE — 1.10% AIMS AMP Capital Industrial REIT ARA Asset Management Ltd. Ascendas India Trusta Ascendas REIT Ascott Residence Trusta Cache Logistics Trusta Cambridge Industrial Trusta CapitaLand Commercial Trust Ltd. CapitaLand Ltd. CapitaLand Mall Trusta CapitaLand Retail China Trust CDL Hospitality Trusts City Developments Ltd. ComfortDelGro Corp. Ltd. COSCO Corp. Singapore Ltd.a,b DBS Group Holdings Ltd. Ezion Holdings Ltd.a,b Ezra Holdings Ltd.a,b First REITa First Resources Ltd.a Frasers Centrepoint Trust Frasers Commercial Trusta Genting Singapore PLC Global Logistic Properties Ltd. Golden Agri-Resources Ltd. Hutchison Port Holdings Trust Hyflux Ltd.a Indofood Agri Resources Ltd.a Jardine Cycle & Carriage Ltd.

182,125 202,948 253,400 222,495 185,500 340,000 438,700 218,400 238,100 258,100 127,540 140,500 45,800 222,000 217,200 175,400 165,460 903,121 174,300 76,100 92,400 162,700 725,000 327,200 731,700 620,300 311,300 209,900 13,122

189,029 178,932 180,051 407,230 156,648 218,816 177,889 232,366 550,940 397,505 139,966 145,826 284,195 477,348 54,944 1,994,057 67,708 68,538 162,103 107,861 134,058 156,762 439,623 466,194 217,760 276,033 143,600 83,551 377,048

Qatar National Bank SAQ Vodafone Qatar QSC

Security

Shares

Value

Jardine Matheson Holdings Ltd. Kenon Holdings Ltd./Singaporea,b Keppel Corp. Ltd.a Keppel REITa Lippo Malls Indonesia Retail Trust M1 Ltd./Singaporea Mapletree Commercial Trust Mapletree Industrial Trust Mapletree Logistics Trust Midas Holdings Ltd.a Neptune Orient Lines Ltd./Singaporea,b OUE Hospitality Trusta Oversea-Chinese Banking Corp. Ltd. Parkway Life REITa Perennial Real Estate Holdings Ltd.a,b Sabana Shari’ah Compliant Industrial REITa SATS Ltd.a SembCorp Industries Ltd.a Sembcorp Marine Ltda Singapore Airlines Ltd. Singapore Exchange Ltd. Singapore Post Ltd. Singapore Press Holdings Ltd. Singapore Technologies Engineering Ltd. Singapore Telecommunications Ltd. SMRT Corp. Ltd.a Starhill Global REIT StarHub Ltd. Suntec REITa United Engineers Ltd. United Overseas Bank Ltd.a UOL Group Ltd. Venture Corp. Ltd. Wilmar International Ltd. Wing Tai Holdings Ltd.a Yangzijiang Shipbuilding Holdings Ltd.a

26,600 13,006 144,900 190,860 533,200 75,800 169,900 142,500 167,700 439,000 111,400 237,566

$ 1,470,980 114,118 582,166 149,104 128,931 139,300 189,613 170,167 134,754 93,088 106,506 122,844

301,550 80,600

1,967,630 146,922

113,472

77,249

488,165 79,600 115,300 103,700 64,500 83,300 183,500 41,000

223,371 242,818 247,920 128,849 551,877 466,686 214,348 123,850

168,100 794,600 133,700 220,200 74,300 216,700 55,100 129,700 44,500 30,300 190,600 66,100

402,725 2,282,025 152,197 127,790 182,979 271,671 95,929 1,794,889 203,289 188,692 526,116 92,212

185,100

136,341 22,736,527

32,531 17,567 19,158 6,095 44,455

96,349 119,036 151,446 176,728 708,484

SOUTH AFRICA — 1.55% Adcock Ingram Holdings Ltd. Aeci Ltd. African Rainbow Minerals Ltd. Anglo American Platinum Ltd.b AngloGold Ashanti Ltd.b

97

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April 30, 2016 Security

Shares

Value

Aspen Pharmacare Holdings Ltd. AVI Ltd. Barclays Africa Group Ltd. Barloworld Ltd. Bidvest Group Ltd. (The) Brait SEb Capitec Bank Holdings Ltd. Clicks Group Ltd. Coronation Fund Managers Ltd. DataTec Ltd. Discovery Ltd. Emira Property Fund Ltd. FirstRand Ltd. Fortress Income Fund Ltd. Fortress Income Fund Ltd. Class A Foschini Group Ltd. (The) Gold Fields Ltd. Grindrod Ltd. Growthpoint Properties Ltd. Harmony Gold Mining Co. Ltd.b Hyprop Investments Ltd. Illovo Sugar Ltd. Impala Platinum Holdings Ltd.b Imperial Holdings Ltd. Investec Ltd. JSE Ltd. Lewis Group Ltd. Liberty Holdings Ltd. Life Healthcare Group Holdings Ltd. Massmart Holdings Ltd. MMI Holdings Ltd./South Africa Mondi Ltd. Mr. Price Group Ltd. MTN Group Ltd. Murray & Roberts Holdings Ltd. Nampak Ltd. Naspers Ltd. Class N Nedbank Group Ltd. Netcare Ltd. New Europe Property Investments PLC Northam Platinum Ltd.b Omnia Holdings Ltd. Pick n Pay Holdings Ltd. Pick n Pay Stores Ltd. Pioneer Foods Group Ltd. PSG Group Ltd.

35,549 39,315 33,933 26,247 32,354 37,381 4,595 29,924 28,320 21,692 42,159 107,969 354,633 79,561 45,638 28,158 84,316 93,501 194,193 53,155 24,750 51,850 59,342 20,793 21,660 16,648 19,824 14,360 87,572 13,967 119,857 11,997 26,020 172,345 135,197 66,735 41,663 16,984 101,551

$ 840,998 244,749 345,294 152,365 824,276 419,578 191,522 219,396 147,843 68,759 378,222 121,516 1,144,119 210,955 51,493 303,109 384,575 94,353 344,407 188,732 214,448 88,959 246,897 218,520 167,696 193,719 67,116 141,668 230,899 120,279 200,061 231,366 331,802 1,811,593 140,624 114,639 5,738,554 218,098 259,665

23,622 41,877 12,609 48,539 29,780 13,233 12,304

298,574 143,254 124,261 103,542 155,129 155,176 172,446

98

Security Rand Merchant Investment Holdings Ltd. Redefine Properties Ltd. Remgro Ltd. Resilient REIT Ltd. Reunert Ltd. RMB Holdings Ltd. Sanlam Ltd. Sappi Ltd.b Sasol Ltd. Shoprite Holdings Ltd. Sibanye Gold Ltd. SPAR Group Ltd. (The) Standard Bank Group Ltd. Steinhoff International Holdings NV Class H Sun International Ltd./South Africa Super Group Ltd./South Africab Telkom SA SOC Ltd. Tiger Brands Ltd. Tongaat Hulett Ltd. Truworths International Ltd. Vodacom Group Ltd. Wilson Bayly Holmes-Ovcon Ltd. Woolworths Holdings Ltd./South Africa SOUTH KOREA — 3.26% Amicogen Inc. AmorePacific Corp. AmorePacific Group Asiana Airlines Inc.b BGF retail Co. Ltd. Binggrae Co. Ltd. BNK Financial Group Inc. Celltrion Inc.b Chabiotech Co. Ltd.b Cheil Worldwide Inc. CJ CGV Co. Ltd. CJ CheilJedang Corp. CJ Corp. CJ E&M Corp. CJ Korea Express Corp.b CJ O Shopping Co. Ltd. Com2uSCorp.b Cosmax Inc. Coway Co. Ltd. Daelim Industrial Co. Ltd.

Shares 83,294 428,607 46,874 34,391 19,946 77,712 188,251 65,963 56,708 47,223 85,728 22,293 126,936

Value $

250,162 371,460 844,877 329,583 100,625 318,339 915,983 287,003 1,857,109 570,209 324,032 334,456 1,143,259

296,707 21,649 63,031 28,541 16,651 19,369 48,386 35,332 21,231

1,861,330 117,552 182,860 114,077 413,494 160,776 362,739 412,351 181,906

100,462

649,001 31,920,472

1,600 3,548 3,337 19,333 1,473 2,516 27,479 8,330 12,910 7,363 1,899 1,092 1,814 3,043 1,191 776 1,383 1,030 5,595 2,885

89,170 1,268,922 492,027 81,106 240,458 150,598 224,048 735,473 160,327 108,565 190,833 364,192 340,702 179,738 203,308 136,076 157,065 127,010 484,173 229,656

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April 30, 2016 Security

Daesang Corp. Daewoo Engineering & Construction Co. Ltd.b Daewoo Securities Co. Ltd. DGB Financial Group Inc. Dong-A Socio Holdings Co. Ltd. Dong-A ST Co. Ltd. Dongbu Insurance Co. Ltd. Dongkuk Steel Mill Co. Ltd.b Dongwon Industries Co. Ltd. Doosan Corp. Doosan Heavy Industries & Construction Co. Ltd. Doosan Infracore Co. Ltd.b E-MART Inc. Fila Korea Ltd. Gamevil Inc.b GemVax & Kael Co. Ltd.b Grand Korea Leisure Co. Ltd. Green Cross Corp./South Korea Green Cross Holdings Corp. GS Engineering & Construction Corp.b GS Holdings Corp. Halla Holdings Corp. Hana Financial Group Inc. Hana Tour Service Inc. Handsome Co. Ltd. Hanjin Kal Corp. Hanjin Shipping Co. Ltd.b Hankook Tire Co. Ltd. Hanmi Pharm Co. Ltd. Hanmi Science Co. Ltd. Hanon Systems Hansol Holdings Co. Ltd.b Hanssem Co. Ltd. Hanwha Chemical Corp. Hanwha Corp. Hanwha Life Insurance Co. Ltd. Hanwha Techwin Co. Ltd. Hotel Shilla Co. Ltd. Huchems Fine Chemical Corp. Hyosung Corp. Hyundai Department Store Co. Ltd. Hyundai Development Co.Engineering & Construction

Shares

Value

2,969

$ 74,525

15,850 22,049 15,456 562 945 4,296 16,610 341 1,192

88,334 160,036 124,391 91,743 118,602 264,305 139,073 86,941 112,463

6,177 11,161 2,043 1,878 1,283 5,372 4,064 999 3,711 5,592 6,739 2,133 30,676 1,667 3,299 7,386 22,689 7,265 597 1,574 26,164 18,569 1,263 12,548 4,973 33,730 3,735 3,457 7,275 2,292 1,576

141,495 76,699 329,025 171,417 96,163 97,124 102,902 151,682 114,646 152,143 327,073 105,957 690,573 132,845 128,410 128,027 37,835 338,574 312,804 187,874 236,519 132,822 211,719 276,972 164,981 197,750 136,694 222,396 128,657 246,419 204,020

5,171

229,187

Security Hyundai Engineering & Construction Co. Ltd. Hyundai Glovis Co. Ltd. Hyundai Greenfood Co. Ltd. Hyundai Heavy Industries Co. Ltd.b Hyundai Home Shopping Network Corp. Hyundai Livart Furniture Co. Ltd. Hyundai Marine & Fire Insurance Co. Ltd. Hyundai Mipo Dockyard Co. Ltd.b Hyundai Mobis Co. Ltd. Hyundai Motor Co. Hyundai Securities Co. Ltd. Hyundai Steel Co. Hyundai Wia Corp. iMarketKorea Inc. Industrial Bank of Korea JB Financial Group Co. Ltd. Kakao Corp. Kangwon Land Inc. KB Financial Group Inc. KB Insurance Co. Ltd. KCC Corp. KEPCO Plant Service & Engineering Co. Ltd. Kia Motors Corp. KIWOOM Securities Co. Ltd. Kolon Industries Inc. Komipharm International Co. Ltd.b Korea Aerospace Industries Ltd. Korea Electric Power Corp. Korea Gas Corp. Korea Investment Holdings Co. Ltd. Korea Kolmar Co. Ltd. Korea Zinc Co. Ltd. Korean Air Lines Co. Ltd.b Korean Reinsurance Co. KT Corp. KT Skylife Co. Ltd. KT&G Corp. Kumho Petrochemical Co. Ltd. Kumho Tire Co. Inc.b Kwangju Bank Leaders Cosmetics Co. Ltd.b LF Corp. LG Chem Ltd.

Shares

Value

7,827 2,079 6,744 4,486

$ 276,150 346,682 118,082 456,711

1,384 2,057

162,159 59,847

5,740 1,683 7,062 15,980 24,590 9,133 1,494 6,296 31,765 20,863 3,572 14,899 40,040 7,306 607

160,200 108,123 1,614,579 2,012,577 153,229 504,183 126,664 93,661 338,726 107,117 315,066 557,699 1,222,917 198,777 226,413

2,721 27,307 2,086 2,670 4,356 6,433 26,612 3,978 5,932 2,352 918 6,520 15,199 2,630 5,443 11,383 2,466 16,464 19,501 2,134 7,173 5,075

180,301 1,147,977 124,311 163,799 151,776 382,796 1,443,410 144,715 240,008 180,002 399,218 167,091 177,415 70,517 77,389 1,228,813 147,821 118,632 153,865 54,970 162,107 1,322,867

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April 30, 2016 Security

LG Corp. LG Display Co. Ltd. LG Electronics Inc. LG Hausys Ltd. LG Household & Health Care Ltd. LG Innotek Co. Ltd. LG International Corp. LG Life Sciences Ltd.b LG Uplus Corp. Lotte Chemical Corp. Lotte Chilsung Beverage Co. Ltd. Lotte Confectionery Co. Ltd. LOTTE Fine Chemical Co. Ltd. Lotte Food Co. Ltd. Lotte Shopping Co. Ltd. LS Corp. LS Industrial Systems Co. Ltd. Mando Corp. Medipost Co. Ltd.b Medy-Tox Inc. Meritz Fire & Marine Insurance Co. Ltd. Mirae Asset Securities Co. Ltd. Namyang Dairy Products Co. Ltd. NAVER Corp. NCsoft Corp. Nexen Tire Corp. NH Investment & Securities Co. Ltd. NHN Entertainment Corp.b NongShim Co. Ltd. OCI Co. Ltd.b Orion Corp./Republic of Korea Paradise Co. Ltd. Poongsan Corp. POSCO Posco Daewoo Corp. S-1 Corp. S-Oil Corp. Samsung C&T Corp. Samsung Card Co. Ltd. Samsung Electro-Mechanics Co. Ltd. Samsung Electronics Co. Ltd. Samsung Fire & Marine Insurance Co. Ltd. Samsung Heavy Industries Co. Ltd.b Samsung Life Insurance Co. Ltd.

100

Shares 10,787 24,104 12,024 841 946 1,652 4,808 2,113 24,593 1,771 86 92 3,673 127 1,344 1,561 2,440 1,032 1,104 592

Value $

644,721 505,604 614,180 110,716 836,073 106,857 159,929 127,403 241,743 454,641 148,692 201,699 121,047 91,399 320,843 69,597 111,999 170,732 82,553 219,779

11,655 10,370 183 2,904 1,762 7,376 18,118 1,247 580 2,035 362 5,722 4,252 7,229 7,168 2,379 5,452 7,967 5,085 5,841 11,449

165,199 224,347 119,334 1,725,477 354,132 94,191 158,218 66,213 190,126 202,714 295,471 87,131 118,857 1,525,868 156,332 194,387 416,771 915,988 173,160 267,085 12,510,097

3,937 13,730 9,205

1,017,594 128,937 884,630

Security Samsung SDI Co. Ltd. Samsung SDS Co. Ltd. Samsung Securities Co. Ltd. Seah Besteel Corp. Seegene Inc.b Seoul Semiconductor Co. Ltd. SFA Engineering Corp. Shinhan Financial Group Co. Ltd. Shinsegae Co. Ltd. SK Chemicals Co. Ltd. SK Holdings Co. Ltd. SK Hynix Inc. SK Innovation Co. Ltd. SK Networks Co. Ltd. SK Telecom Co. Ltd. SKC Co. Ltd. SM Entertainment Co.b Sung Kwang Bend Co. Ltd. Sungwoo Hitech Co. Ltd. TK Corp. Tongyang Life Insurance Co. Ltd. ViroMed Co. Ltd.b Whanin Pharmaceutical Co. Ltd. Woori Bank YG Entertainment Inc. Youngone Corp. Youngone Holdings Co. Ltd. Yuanta Securities Korea Co. Ltd.b Yuhan Corp. SPAIN — 2.21% Abertis Infraestructuras SA Acciona SA Acerinox SAa ACS Actividades de Construccion y Servicios SA Aena SAb,c Almirall SA Amadeus IT Holding SA Class A Applus Services SA Atresmedia Corp. de Medios de Comunicacion SA Banco Bilbao Vizcaya Argentaria SA Banco de Sabadell SA Banco de Sabadell SA Newb

Shares 5,701 3,390 5,948 2,539 3,997 5,465 2,696 44,230 594 2,516 3,884 60,358 6,708 14,586 2,142 3,480 3,562 15,787 11,206 16,011 8,107 1,657 9,337 29,601 4,271 3,710 2,013 23,131 745

Value $

570,400 507,280 205,679 64,957 122,955 73,864 134,871 1,622,621 110,261 160,535 763,574 1,491,204 912,533 86,922 387,267 85,671 128,174 168,345 91,564 151,060 75,421 205,053 132,754 272,784 160,434 148,804 113,600 73,185 190,925 67,379,789

54,805 3,638 21,243

924,301 291,425 250,971

21,084 7,343 10,564 46,722 20,606

697,289 1,047,503 173,627 2,126,607 190,225

14,036 680,072 545,153 15,228

182,785 4,660,279 1,042,108 29,110

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April 30, 2016 Security

Banco Popular Espanol SAa Banco Santander SA Bankia SA Bankinter SA Bolsas y Mercados Espanoles SHMSF SAa CaixaBank SA Cellnex Telecom SAUc Construcciones y Auxiliar de Ferrocarriles SA Corp Financiera Alba SA Distribuidora Internacional de Alimentacion SAa Ebro Foods SA Enagas SA Endesa SA Faes Farma SA Ferrovial SA Fomento de Construcciones y Contratas SAa,b Gamesa Corp. Tecnologica SA Gas Natural SDG SA Grifols SA Grupo Catalana Occidente SA Hispania Activos Inmobiliarios SAb Iberdrola SA Indra Sistemas SAa,b Industria de Diseno Textil SA Inmobiliaria Colonial SAb International Consolidated Airlines Group SA Mapfre SA Mediaset Espana Comunicacion SA Merlin Properties SOCIMI SA NH Hotel Group SAb Obrascon Huarte Lain SA Prosegur Cia. de Seguridad SA Red Electrica Corp. SA Repsol SA Sacyr SA Tecnicas Reunidas SAa Telefonica SA Viscofan SA Zardoya Otis SA

Shares 190,174 1,494,570 508,988 80,041

Value $

517,312 7,567,889 473,954 610,188

298 295,500 19,548

10,086 889,787 322,630

504 4,430

163,941 181,747

68,487 10,138 1,356 32,917 89,160 50,610

380,128 229,793 41,320 691,256 280,318 1,089,184

26,041 27,875 36,295 36,788 7,416 18,370 507,795 17,464 115,682 326,254

226,141 548,978 755,127 800,356 234,857 269,313 3,608,263 204,624 3,714,534 250,362

98,418 122,690

756,935 311,258

27,225 33,176 42,441 16,646 44,968 930 117,001 79,874 5,586 465,577 6,893 23,254

353,605 385,681 204,161 117,844 260,096 83,052 1,533,710 170,068 187,651 5,077,591 386,771 246,897 45,753,638

Security SWEDEN — 2.26% AAK AB AF AB Class B Alfa Laval AB Assa Abloy AB Atlas Copco AB Class A Atlas Copco AB Class B Axfood AB Betsson ABa BillerudKorsnas AB Boliden AB Castellum AB Clas Ohlson AB Class B Electrolux AB Class B Elekta AB Class B Fabege AB Fastighets AB Balder Class Ba,b Fingerprint Cards ABa,b Getinge AB Class B Hennes & Mauritz AB Class B Hexagon AB Class B Hexpol AB Holmen AB Class B Hufvudstaden AB Class A Husqvarna AB Class B ICA Gruppen AB Industrivarden AB Class C Indutrade AB Intrum Justitia AB Investment AB Kinnevik Class B Investor AB Class B JM AB Kungsleden AB L E Lundbergforetagen AB Class B Lindab International AB Loomis AB Class B Lundin Petroleum ABb Meda AB Class A Mekonomen AB Millicom International Cellular SA SDR Modern Times Group MTG AB Class Ba NCC AB Class B NetEnt AB Nibe Industrier AB Class B Nobia AB

Shares

Value

3,875 15,192 30,274 105,148 76,277 35,388 10,703 14,521 22,306 28,883 18,917 8,469 25,767 44,668 18,684 12,799 6,830 21,956 98,904 27,905 29,782 5,125 18,278 45,583 8,892 13,337 4,774 8,439 24,879 45,046 9,846 23,944 4,446 25,207 7,280 21,259 27,527 5,999

$ 292,951 260,382 477,745 2,207,172 1,975,751 850,023 198,385 196,571 346,722 504,038 303,004 171,017 748,364 326,834 312,081 326,578 409,505 464,712 3,519,759 1,113,772 308,124 176,829 283,428 363,644 292,282 243,052 267,965 303,164 716,371 1,654,738 284,980 164,901 241,684 200,935 202,181 398,551 508,168 152,546

7,274

420,711

7,753 9,075 4,283 10,108 15,419

232,712 310,402 269,875 351,530 175,957

101

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April 30, 2016 Security

Shares

Value

Nordea Bank AB Oriflame Holding AGb Peab AB Ratos AB Class B Saab AB Sandvik AB Securitas AB Class B Skandinaviska Enskilda Banken AB Class A Skanska AB Class B SKF AB Class B SSAB AB Class Aa,b Svenska Cellulosa AB SCA Class B Svenska Handelsbanken AB Class A Swedbank AB Class A Swedish Match AB Swedish Orphan Biovitrum ABa,b Tele2 AB Class B Telefonaktiebolaget LM Ericsson Class B Telia Co. AB Trelleborg AB Class B Unibet Group PLC Volvo AB Class B Wallenstam AB Class B Wihlborgs Fastigheter AB

306,673 6,347 20,675 34,993 9,105 113,514 34,673

$ 2,979,783 127,692 172,669 204,921 311,768 1,165,922 548,029

154,407 39,844 43,427 45,024 63,210 154,834 91,666 21,297 19,835 32,345

1,476,234 877,095 800,610 189,357 1,992,634 2,063,180 1,979,015 676,146 289,522 308,837

320,055 263,782 26,125 32,029 161,181 27,571 12,298

2,593,170 1,260,966 476,424 361,713 1,888,577 231,979 249,871 46,756,210

227,083 11,432 16,181 2,000 8,719 4,717

4,804,636 1,848,680 1,042,438 278,978 338,845 584,150

337 247

232,577 290,421

2,573 5,173 938

210,860 225,054 224,983

606 4,551

215,909 312,184

88

538,925

11

805,519

SWITZERLAND — 5.97% ABB Ltd. Registered Actelion Ltd. Registered Adecco SA Registered Allreal Holding AG Registered Aryzta AG Baloise Holding AG Registered Banque Cantonale Vaudoise Registered Barry Callebaut AG Registered Basilea Pharmaceutica AG Registereda,b BKW AG Bucher Industries AG Registered Burckhardt Compression Holding AG Cembra Money Bank AG Chocoladefabriken Lindt & Sprungli AG Participation Certificates Chocoladefabriken Lindt & Sprungli AG Registered

102

Security Cie. Financiere Richemont SA Class A Registered Clariant AG Registered Credit Suisse Group AG Registered dorma+kaba Holding AG Class B Dufry AG Registereda,b EFG International AG EMS-Chemie Holding AG Registered Flughafen Zuerich AG Registered Forbo Holding AG Registered Galenica AG Registered GAM Holding AG Gategroup Holding AG Geberit AG Registered Georg Fischer AG Registered Givaudan SA Registered Helvetia Holding AG Registered Huber & Suhner AG Registered Implenia AG Registered Julius Baer Group Ltd. Kudelski SA Bearer Kuehne + Nagel International AG Registered Kuoni Reisen Holding AG Class B Registereda,b LafargeHolcim Ltd. Registered Leonteq AGa Logitech International SA Registered Lonza Group AG Registered Meyer Burger Technology AGa,b Mobimo Holding AG Registered Nestle SA Registered Novartis AG Registered OC Oerlikon Corp. AG Registered Panalpina Welttransport Holding AG Registered Pargesa Holding SA Bearer Partners Group Holding AG PSP Swiss Property AG Registered Roche Holding AG Schindler Holding AG Participation Certificates Schindler Holding AG Registered Schmolz + Bickenbach AG Registeredb Schweiter Technologies AG Bearer

Shares

Value

53,247 27,296 184,243 545 4,379 19,007

$ 3,544,245 516,873 2,800,647 353,667 576,557 118,781

931 456 198 454 22,581 4,921 3,825 521 928 659 5,339 3,604 22,837 9,684

460,643 418,892 241,277 664,067 294,484 271,335 1,469,742 423,431 1,829,859 354,767 262,076 240,643 977,095 165,189

4,976

717,458

542 46,668 1,284 18,910 5,688 23,635 1,515 327,440 235,055 23,365

211,909 2,364,804 89,418 290,012 947,110 108,497 347,257 24,425,623 17,950,992 225,728

2,284 1,695 1,885 4,110 72,446

267,122 117,863 776,813 396,207 18,328,800

3,755 2,856

684,401 525,313

259,131 353

189,245 333,849

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April 30, 2016 Security

SGS SA Registered Sika AG Bearer Sonova Holding AG Registered St Galler Kantonalbank AG Registered Straumann Holding AG Registered Sulzer AG Registered Sunrise Communications Group AGc Swatch Group AG (The) Bearer Swatch Group AG (The) Registered Swiss Life Holding AG Registered Swiss Prime Site AG Registered Swiss Re AG Swisscom AG Registered Syngenta AG Registered Tecan Group AG Registered Temenos Group AG Registered U-Blox AG UBS Group AG Valiant Holding AG Registered Vontobel Holding AG Registered Zurich Insurance Group AG TAIWAN — 2.64% Acer Inc.b Advanced Semiconductor Engineering Inc. Advantech Co. Ltd. Airtac International Group AmTRAN Technology Co. Ltd. Asia Cement Corp. Asustek Computer Inc. AU Optronics Corp. BES Engineering Corp. Capital Securities Corp. Career Technology MFG. Co. Ltd. Catcher Technology Co. Ltd. Cathay Financial Holding Co. Ltd. Chailease Holding Co. Ltd. Chang Hwa Commercial Bank Ltd. Cheng Loong Corp. Cheng Shin Rubber Industry Co. Ltd. Cheng Uei Precision Industry Co. Ltd. Chicony Electronics Co. Ltd. Chin-Poon Industrial Co. Ltd.

Shares 548 224 5,380

Value $

1,206,915 954,191 719,578

445 1,311 1,777

184,314 454,781 162,312

4,391 2,822

268,911 964,515

6,449 3,052 6,485 34,280 2,463 9,593 2,043 7,086 1,311 374,074 2,784 4,686 15,117

431,279 770,881 568,664 3,043,535 1,250,130 3,843,205 283,910 367,792 260,422 6,478,485 308,752 202,889 3,386,145 123,348,456

368,148

131,265

687,000 41,193 18,550 332,000 206,329 70,000 1,072,000 921,000 374,000 212,000 71,000 856,629 105,988 465,441 358,000

646,465 291,198 123,080 205,358 183,920 615,292 312,430 171,904 98,680 120,944 499,705 962,788 178,109 243,161 128,202

176,500

367,195

65,000 53,395 67,000

83,636 128,302 135,857

Security

Shares

Value

China Airlines Ltd.b China Bills Finance Corp. China Development Financial Holding Corp. China Life Insurance Co. Ltd./Taiwan China Man-Made Fiber Corp.b China Petrochemical Development Corp.b China Steel Chemical Corp. China Steel Corp. China Synthetic Rubber Corp. Chipbond Technology Corp. Chroma ATE Inc. Chunghwa Telecom Co. Ltd. CMC Magnetics Corp.b Compal Electronics Inc. Compeq Manufacturing Co. Ltd. Coretronic Corp. CTBC Financial Holding Co. Ltd. CTCI Corp. Delta Electronics Inc. Dynapack International Technology Corp. E Ink Holdings Inc.b E.Sun Financial Holding Co. Ltd. Eclat Textile Co. Ltd. Elan Microelectronics Corp. Epistar Corp. Eternal Materials Co. Ltd. EVA Airways Corp.b Everlight Electronics Co. Ltd. Far Eastern Department Stores Ltd. Far Eastern International Bank Far Eastern New Century Corp. Far EasTone Telecommunications Co. Ltd. Faraday Technology Corp. Farglory Land Development Co. Ltd. Feng Hsin Steel Co. Ltd. Feng TAY Enterprise Co. Ltd. Firich Enterprises Co. Ltd. First Financial Holding Co. Ltd. FLEXium Interconnect Inc. Formosa Chemicals & Fibre Corp. Formosa Petrochemical Corp.

318,000 351,000

$ 104,018 133,857

1,334,000

340,397

328,399 356,000

247,931 86,094

360,050 22,000 1,198,575 194,270 93,000 60,000 382,000 1,159,044 393,000 173,000 127,500 1,593,167 114,000 204,000

91,093 73,668 841,712 143,054 123,988 133,197 1,290,981 117,870 231,513 96,013 116,024 810,093 148,628 948,749

164,000 179,000 699,485 22,260 152,000 148,000 68,810 244,852 87,000

246,867 83,248 388,205 254,327 157,641 95,216 68,804 121,466 122,058

165,702 288,347 250,071

88,880 83,769 187,245

160,000 92,400

361,145 124,048

51,265 88,000 32,990 33,923 752,797 42,549 328,660 145,000

61,433 124,143 142,176 82,670 368,778 98,150 839,661 412,256

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April 30, 2016 Security

Shares

Value

Formosa Plastics Corp. Formosa Taffeta Co. Ltd. Foxconn Technology Co. Ltd. Fubon Financial Holding Co. Ltd. Giant Manufacturing Co. Ltd. Gigabyte Technology Co. Ltd. Gloria Material Technology Corp. Goldsun Building Materials Co. Ltd. Grand Pacific Petrochemical Great Wall Enterprise Co. Ltd. HannStar Display Corp.b Hermes Microvision Inc. Hey Song Corp. Highwealth Construction Corp. Hiwin Technologies Corp. Hon Hai Precision Industry Co. Ltd. Hotai Motor Co. Ltd. HTC Corp. Hua Nan Financial Holdings Co. Ltd. Huaku Development Co. Ltd. Innolux Corp. Inotera Memories Inc.b Inventec Corp. Kenda Rubber Industrial Co. Ltd. Kerry TJ Logistics Co. Ltd. King Yuan Electronics Co. Ltd. King’s Town Bank Co. Ltd. Kinsus Interconnect Technology Corp. Largan Precision Co. Ltd. LCY Chemical Corp.b Lite-On Technology Corp. Macronix Internationalb Makalot Industrial Co. Ltd. MediaTek Inc. Medigen Biotechnology Corp.b Mega Financial Holding Co. Ltd. Merida Industry Co. Ltd. Micro-Star International Co. Ltd. Microbio Co. Ltd.b MIN AIK Technology Co. Ltd. Mitac Holdings Corp. Nan Ya Plastics Corp. Novatek Microelectronics Corp. OBI Pharma Inc.b Oriental Union Chemical Corp. PChome Online Inc. Pegatron Corp.

415,040 98,000 91,978 677,000 35,000 112,000 339,200

$1,033,321 89,939 189,928 823,869 210,523 119,803 185,622

385,000 194,000 270,000 467,465 6,000 86,500 101,670 26,817

99,315 101,051 183,332 54,351 185,099 93,465 152,885 118,067

1,460,966 28,000 80,000

3,492,403 276,935 204,384

555,641 56,000 850,414 269,000 294,000 60,139 91,000 197,000 170,000

269,612 98,968 263,670 244,371 194,614 104,791 117,513 174,077 118,594

48,000 11,000 97,000 236,406 733,000 23,337 157,970 4,000 1,054,941 27,350 108,000 171,689 49,000 135,500 480,300 76,000 14,000 115,000 14,205 209,000

93,015 774,192 115,487 288,059 81,816 124,814 1,126,503 7,565 749,020 112,358 172,449 130,418 76,266 96,627 941,151 266,270 165,163 73,807 150,845 442,585

104

Security

Shares

Pou Chen Corp. Powertech Technology Inc. President Chain Store Corp. Prince Housing & Development Corp. Qisda Corp. Quanta Computer Inc. Radiant Opto-Electronics Corp. Radium Life Tech Co. Ltd. Realtek Semiconductor Corp. Ruentex Development Co. Ltd. Ruentex Industries Ltd. Shin Kong Financial Holding Co. Ltd. Shin Zu Shing Co. Ltd. Shinkong Synthetic Fibers Corp. Siliconware Precision Industries Co. Ltd. Simplo Technology Co. Ltd. Sino-American Silicon Products Inc. SinoPac Financial Holdings Co. Ltd. Solar Applied Materials Technology Co. St. Shine Optical Co. Ltd. Standard Foods Corp. Synnex Technology International Corp. Taichung Commercial Bank Co. Ltd. Tainan Spinning Co. Ltd. Taishin Financial Holding Co. Ltd. Taiwan Business Bankb Taiwan Cement Corp. Taiwan Cooperative Financial Holding Co. Ltd. Taiwan Fertilizer Co. Ltd. Taiwan Hon Chuan Enterprise Co. Ltd. Taiwan Mobile Co. Ltd. Taiwan Secom Co. Ltd. Taiwan Semiconductor Manufacturing Co. Ltd. Tatung Co. Ltd.b Teco Electric and Machinery Co. Ltd. Tong Hsing Electronic Industries Ltd. TPK Holding Co. Ltd. Transcend Information Inc. Tripod Technology Corp.

251,000 83,000 66,000

Value $

316,736 168,301 467,584

363,521 331,000 271,000 56,060 455,686 70,020 125,310 58,616

132,997 105,192 436,921 80,910 141,991 196,255 141,422 81,964

754,564 37,000 363,000

152,770 105,655 96,228

249,377 44,000

370,358 148,699

91,000

97,058

944,433

279,936

416,000 7,000 42,772

218,622 131,089 103,837

114,000

113,282

274,566 180,816 825,929 325,655 346,000

77,808 73,161 312,415 84,006 352,941

700,936 95,000

309,687 129,159

126,696 168,000 41,105

199,945 554,739 115,721

2,558,000 929,000

11,896,568 145,170

186,000

147,056

43,000 34,000 35,000 81,000

123,588 71,472 98,425 148,423

ˆ200F9Gq$mBMxCCv%?Š 200F9Gq$mBMxCCv%?

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For personal use only

April 30, 2016 Security

TSRC Corp. TTY Biopharm Co. Ltd. Tung Ho Steel Enterprise Corp. TXC Corp. Uni-President Enterprises Corp. Unimicron Technology Corp. United Microelectronics Corp. USI Corp. Vanguard International Semiconductor Corp. Walsin Lihwa Corp.b Waterland Financial Holdings Co. Ltd. Win Semiconductors Corp. Winbond Electronics Corp.b Wistron Corp. Wistron NeWeb Corp. WPG Holdings Ltd. XPEC Entertainment Inc. Yageo Corp. Yang Ming Marine Transport Corp.b YFY Inc. Yuanta Financial Holding Co. Ltd. Yulon Motor Co. Ltd. Yungtay Engineering Co. Ltd. Zhen Ding Technology Holding Ltd. THAILAND — 0.50% Advanced Info Service PCL NVDR Airports of Thailand PCL NVDR Bangchak Petroleum PCL (The) NVDR Bangkok Bank PCL Foreign Bangkok Dusit Medical Services PCL NVDR Banpu PCL NVDR BEC World PCL NVDR BTS Group Holdings PCL NVDR Bumrungrad Hospital PCL NVDR Central Pattana PCL NVDR Charoen Pokphand Foods PCL NVDR CP ALL PCL NVDR Delta Electronics Thailand PCL NVDR Esso Thailand PCL NVDRb Glow Energy PCL NVDR Indorama Ventures PCL NVDR IRPC PCL NVDR

Shares 134,100 32,965 178,000 168,000 497,292 235,000 1,275,000 207,000

Value $

118,080 107,829 114,241 214,082 897,355 112,571 474,374 82,150

107,000 378,000

164,051 99,033

390,446 87,621 399,000 273,514 53,389 167,000 26,857 56,049

96,604 165,717 103,668 161,973 139,047 178,635 85,352 91,408

273,000 273,000 1,008,238 83,000 75,000

72,201 85,066 332,922 73,085 108,827

44,050

92,735 54,506,566

125,000 52,400

558,259 588,056

117,800 52,900

104,546 251,400

562,000 214,300 180,800 589,800 47,400 211,200

382,926 78,530 134,578 155,344 275,471 318,947

381,100 528,400

259,667 692,078

91,200 706,200 78,100 181,700 1,407,900

187,987 106,142 197,877 148,252 205,562

Security

Shares

Jasmine International PCL NVDR Kasikornbank PCL Foreign Kasikornbank PCL NVDR Kiatnakin Bank PCL NVDR Krung Thai Bank PCL NVDR Minor International PCL NVDR PTT Exploration & Production PCL NVDR PTT Global Chemical PCL NVDR PTT PCL NVDR Siam Cement PCL (The) Foreign Siam Cement PCL (The) NVDR Siam Commercial Bank PCL (The) NVDR Thai Airways International PCL NVDRb Thai Oil PCL NVDR Thanachart Capital PCL NVDR Tisco Financial Group PCL NVDR True Corp. PCL NVDR TTW PCL NVDRa

810,200 121,500 57,700 134,100 508,200 236,900

TURKEY — 0.34% Akbank TAS Anadolu Efes Biracilik ve Malt Sanayii AS Arcelik AS BIM Birlesik Magazalar AS Coca-Cola Icecek AS Emlak Konut Gayrimenkul Yatirim Ortakligi AS Enka Insaat ve Sanayi AS Eregli Demir ve Celik Fabrikalari TAS Ford Otomotiv Sanayi AS Haci Omer Sabanci Holding AS KOC Holding AS TAV Havalimanlari Holding AS Tupras Turkiye Petrol Rafinerileri AS Turk Hava Yollari AOb Turk Telekomunikasyon AS Turkcell Iletisim Hizmetleri AS Turkiye Garanti Bankasi AS Turkiye Halk Bankasi AS Turkiye Is Bankasi Class C Turkiye Sinai Kalkinma Bankasi AS

Value $

101,130 580,890 274,211 159,323 254,609 252,635

152,561 202,700 109,900 44,000 5,700

328,664 362,690 956,473 614,715 79,634

201,900

771,648

256,000 110,200 152,500 120,800 1,112,744 397,700

106,270 208,222 151,714 150,438 237,330 117,272 10,353,490

249,942

769,245

23,198 37,084 23,730 10,999

182,642 249,368 523,125 161,543

251,355 68,489

270,758 119,120

200,025 10,655 112,761 71,727 23,439

334,294 143,373 407,575 375,538 136,811

14,801 69,836 56,870 88,618 259,084 71,912 180,578

391,173 172,447 137,580 383,737 799,235 276,654 317,302

167,772

105,071

105

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April 30, 2016 Security

Turkiye Sise ve Cam Fabrikalari AS Turkiye Vakiflar Bankasi Tao Class D Ulker Biskuvi Sanayi AS Yapi ve Kredi Bankasi ASa,b UNITED ARAB EMIRATES — 0.20% Abu Dhabi Commercial Bank PJSC Aldar Properties PJSC Arabtec Holding PJSCb Deyaar Development PJSCb DP World Ltd. Dubai Financial Market PJSC Dubai Islamic Bank PJSC Emaar Malls Group PJSC Emaar Properties PJSC Emirates Telecommunications Group Co. PJSC First Gulf Bank PJSC National Bank of Abu Dhabi PJSC Orascom Construction Ltd.b Union Properties PJSC UNITED KINGDOM — 13.78% 3i Group PLC AA PLC Abcam PLC Aberdeen Asset Management PLC Admiral Group PLC African Minerals Ltd.a,b Aggreko PLC Allied Minds PLCa,b Amec Foster Wheeler PLC Amerisur Resources PLCa,b Anglo American PLC Antofagasta PLC ARM Holdings PLC Ashmore Group PLCa Ashtead Group PLC ASOS PLCa,b Associated British Foods PLC AstraZeneca PLC Auto Trader Group PLCc Avanti Communications Group PLCa,b AVEVA Group PLC Aviva PLC

106

Shares

Value

99,641

$ 139,425

94,226 22,016 127,099

166,581 175,542 194,676 6,932,815

231,495 343,632 276,743 571,548 17,470 256,495 131,614 247,893 382,677

415,978 254,476 122,814 100,213 330,183 106,845 209,983 195,726 708,478

187,939 104,137 97,324 8,871 199,102

967,083 367,164 235,298 47,726 45,534 4,107,501

91,721 65,646 30,863 94,070 23,448 26,821 26,512 27,513 39,372 168,037 145,567 41,794 145,471 44,429 53,130 5,970 36,074 129,341 110,361

636,339 267,915 267,198 411,618 637,861 — 422,163 154,847 284,862 67,693 1,627,884 295,835 1,997,818 199,873 706,309 314,924 1,619,166 7,442,451 606,255

62,313 9,500 405,207

88,087 224,057 2,566,675

Security Babcock International Group PLC BAE Systems PLC Balfour Beatty PLCb Barclays PLC Barratt Developments PLC BBA Aviation PLC Beazley PLC Bellway PLC Berendsen PLC Berkeley Group Holdings PLC BGEO Group PLC BHP Billiton PLC Big Yellow Group PLC Bodycote PLC Booker Group PLC Bovis Homes Group PLC BP PLC Brewin Dolphin Holdings PLC British American Tobacco PLC British Land Co. PLC (The) Britvic PLC BT Group PLC BTG PLCb Bunzl PLC Burberry Group PLC Cable & Wireless Communications PLC Cairn Energy PLCb Cape PLC Capita PLC Capital & Counties Properties PLC Carillion PLCa Carnival PLC Centamin PLC Centrica PLC Chemring Group PLC Cineworld Group PLC Close Brothers Group PLC Cobham PLC Coca-Cola HBC AGb Compass Group PLC Countrywide PLC Crest Nicholson Holdings PLC Croda International PLC CYBG PLCb

Shares 23,675 318,340 76,663 1,697,069 103,547 114,023 70,049 14,809 18,648 14,098 5,436 215,169 24,657 25,546 182,058 20,069 1,869,538 49,767 191,061 83,005 26,384 864,363 44,943 30,912 46,530 299,305 67,259 52,356 62,886 76,327 51,103 19,318 155,696 525,179 86,379 27,282 17,349 120,530 19,778 166,886 39,456 33,434 12,748 97,598

Value $

328,607 2,225,824 267,957 4,263,555 807,728 334,399 334,422 530,845 322,346 618,533 182,357 2,941,143 291,128 223,037 432,049 256,360 10,235,847 199,756 11,671,223 874,262 272,096 5,611,826 389,755 923,321 810,444 322,701 220,604 176,210 922,139 395,254 220,091 961,316 275,748 1,834,095 180,947 207,021 308,025 271,909 405,619 2,980,107 205,418 255,173 562,291 317,039

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For personal use only

April 30, 2016 Security

Daily Mail & General Trust PLC Class A NVS Dairy Crest Group PLC DCC PLC De La Rue PLC Debenhams PLC Derwent London PLC Devro PLC Diageo PLC Dialight PLCb Dignity PLC Diploma PLC Direct Line Insurance Group PLC Dixons Carphone PLC Domino’s Pizza Group PLC Drax Group PLCa DS Smith PLC Dunelm Group PLC easyJet PLC Electrocomponents PLC Elementis PLC EnQuest PLCb Enterprise Inns PLCb Essentra PLC esure Group PLC Experian PLC Faroe Petroleum PLCa,b Fenner PLC FirstGroup PLCb Foxtons Group PLC Fresnillo PLC G4S PLC Galliford Try PLC Genus PLC GKN PLC GlaxoSmithKline PLC Glencore PLC Go-Ahead Group PLC Grafton Group PLC Grainger PLC Great Portland Estates PLC Greencore Group PLCa Greene King PLC Greggs PLC GVC Holdings PLC

Shares 29,492 25,055 9,277 30,343 176,694 9,538 55,644 254,102 13,986 7,451 20,375 137,060 91,789 22,304 43,420 100,564 15,231 16,534 57,922 59,375 262,392 112,761 28,638 55,122 94,700 88,608 79,769 147,772 55,032 24,036 148,526 13,395 12,929 165,263 501,220 1,269,220 7,144 27,767 78,711 30,439 58,016 28,551 12,566 27,596

Value $

301,556 207,372 823,547 215,358 202,930 458,848 227,625 6,871,445 116,065 266,325 218,333 726,620 571,732 300,103 203,285 561,717 197,126 356,770 219,083 187,787 154,712 143,297 340,649 216,728 1,735,464 102,544 167,685 216,147 116,491 391,891 409,913 250,381 284,096 674,716 10,712,528 3,028,770 268,434 280,867 256,666 337,993 306,636 342,123 190,154 219,106

Security GW Pharmaceuticals PLCa,b Halfords Group PLC Halma PLC Hammerson PLC Hansteen Holdings PLC Hargreaves Lansdown PLC Hays PLC Henderson Group PLC Hikma Pharmaceuticals PLC Hiscox Ltd. Home Retail Group PLC Homeserve PLC Howden Joinery Group PLC HSBC Holdings PLC Hunting PLC ICAP PLC IG Group Holdings PLC Imagination Technologies Group PLCa,b IMI PLC Imperial Brands PLC Inchcape PLC Indivior PLC Informa PLC Inmarsat PLC InterContinental Hotels Group PLC Intermediate Capital Group PLC International Personal Finance PLC Interserve PLC Intertek Group PLC Intu Properties PLC Investec PLC ITE Group PLC ITV PLC J D Wetherspoon PLC J Sainsbury PLC John Wood Group PLC Johnson Matthey PLC Jupiter Fund Management PLC Just Eat PLCa,b KAZ Minerals PLCb Kcom Group PLC Keller Group PLC Kier Group PLC Kingfisher PLC

Shares 36,381 34,749 39,995 62,990 143,825 27,454 163,676 125,326 16,012 38,878 90,782 45,107 67,640 1,999,548 20,132 57,699 45,525

Value $

242,890 214,865 522,611 539,342 218,696 517,196 307,144 469,256 516,970 512,857 226,875 273,692 489,484 13,254,358 108,086 395,992 515,511

45,647 27,869 97,192 39,363 84,635 66,051 46,960

104,147 381,717 5,294,276 390,666 199,363 633,282 639,419

23,929

956,613

35,054

315,293

44,492 26,134 16,753 74,045 58,664 104,779 389,069 14,831 126,392 38,386 19,112 56,384 53,469 37,964 125,370 17,261 12,389 235,453

174,412 163,586 799,316 330,070 449,450 238,295 1,283,522 144,043 534,903 351,167 808,279 347,651 300,383 95,377 190,083 223,399 215,969 1,255,147

107

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For personal use only

April 30, 2016 Security

Ladbrokes PLC Laird PLC Lancashire Holdings Ltd. Land Securities Group PLC Legal & General Group PLC Lloyds Banking Group PLC London Stock Exchange Group PLC LondonMetric Property PLC Majestic Wine PLCa,b Man Group PLC Marks & Spencer Group PLC Marston’s PLC Mediclinic International PLC Meggitt PLC Melrose Industries PLC Merlin Entertainments PLCc Michael Page International PLC Micro Focus International PLC Mitchells & Butlers PLC Mitie Group PLCa Mondi PLC Moneysupermarket.com Group PLC Morgan Advanced Materials PLC N Brown Group PLC National Express Group PLC National Grid PLC Next PLC Northgate PLC Ocado Group PLCa,b Old Mutual PLC Ophir Energy PLCb Oxford Instruments PLC Paragon Group of Companies PLC (The) Paysafe Group PLCb Pearson PLC Pennon Group PLC Persimmon PLC Petra Diamonds Ltd. Petrofac Ltd. Phoenix Group Holdings Playtech PLC Premier Farnell PLC Provident Financial PLC Prudential PLC

108

Shares

Value

129,569 36,859 29,305 72,906 601,573 5,814,512

$ 222,452 188,118 235,894 1,208,977 1,966,057 5,712,811

33,046 88,639 23,721 169,748 164,478 82,692 39,551 77,968 52,523 71,431 41,656 21,759 29,087 56,446 38,159

1,313,339 205,808 151,853 367,028 1,020,398 174,072 524,342 469,083 287,221 451,519 248,054 487,365 114,492 224,332 731,161

69,060 61,507 26,415 50,536 386,861 14,945 31,397 61,341 508,512 75,867 8,655

317,560 212,550 103,897 240,302 5,524,319 1,113,256 185,492 265,622 1,381,826 83,742 83,236

47,577 52,672 84,680 38,485 32,707 64,996 25,794 21,448 24,535 90,428 15,382 265,369

207,135 294,131 998,585 457,779 952,022 112,351 319,289 270,205 289,148 160,618 656,615 5,238,262

Security QinetiQ Group PLC Randgold Resources Ltd. Reckitt Benckiser Group PLC Redrow PLC Regus PLC RELX PLC Renishaw PLC Rentokil Initial PLC Restaurant Group PLC (The) Rexam PLC Rightmove PLC Rio Tinto PLC Rolls-Royce Holdings PLC Rolls-Royce Holdings PLC Newb Rotork PLC Royal Bank of Scotland Group PLCb Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B Royal Mail PLC RPC Group PLC RPS Group PLC RSA Insurance Group PLC SABMiller PLC Sage Group PLC (The) Savills PLC Schroders PLC Segro PLC Senior PLC Serco Group PLCb Severn Trent PLC Shaftesbury PLC Shanks Group PLC Shire PLC SIG PLC Sky PLC Smith & Nephew PLC Smiths Group PLC SOCO International PLC Spectris PLC Spirax-Sarco Engineering PLC Spire Healthcare Group PLCc Spirent Communications PLC Sports Direct International PLCb SSE PLC SSP Group PLC

Shares 77,530 8,236 64,493 33,413 80,457 111,137 4,694 206,047 33,904 65,220 11,632 126,573 189,782 13,474,522 102,592 343,311 404,261 413,199 81,716 38,015 46,504 106,626 99,209 112,888 23,877 11,813 60,346 72,142 125,613 21,483 27,009 182,906 61,756 106,360 99,710 88,357 38,979 38,097 12,189 8,159 31,755 142,525 29,392 98,767 59,496

Value $

254,064 816,795 6,286,424 187,466 344,627 1,969,937 130,374 531,537 136,631 597,130 657,393 4,265,516 1,861,289 19,739 281,037

1,156,708 10,538,240 10,810,580 582,848 406,245 118,876 717,098 6,082,117 978,989 259,533 435,045 369,251 229,962 176,650 700,847 360,046 215,021 3,854,774 211,118 1,370,823 1,496,260 632,672 82,457 325,152 408,165 152,393 163,896 165,853 2,184,726 250,747

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For personal use only

April 30, 2016 Security

ST Modwen Properties PLC St. James’s Place PLC Stagecoach Group PLC Standard Chartered PLC Standard Life PLC Stobart Group Ltd. Synthomer PLC TalkTalk Telecom Group PLCa Tate & Lyle PLC Taylor Wimpey PLC Tesco PLCb Thomas Cook Group PLCb Travis Perkins PLC TUI AG Tullett Prebon PLC Tullow Oil PLCb UBM PLC UDG Healthcare PLC Ultra Electronics Holdings PLC Unilever PLC UNITE Group PLC (The) United Utilities Group PLC Vectura Group PLCa,b Vedanta Resources PLCa Vesuvius PLC Victrex PLC Vodafone Group PLC Weir Group PLC (The) WH Smith PLC Whitbread PLC William Hill PLC Wm Morrison Supermarkets PLC Wolseley PLC Workspace Group PLC Worldpay Group PLCb,c WPP PLC WS Atkins PLC Xaar PLC Xchanging PLCb

Shares 38,665 54,951 53,757 337,773 198,754 126,369 45,291 64,314 46,583 345,705 849,731 161,478 22,144 51,256 52,112 97,065 46,163 36,588 9,898 129,931 30,267 65,253 92,850 11,435 39,927 10,843 2,717,587 22,363 17,210 18,063 88,772 224,945 25,272 17,892 147,440 128,937 13,484 16,596 82,699

TOTAL COMMON STOCKS (Cost: $2,119,820,476)

INVESTMENT COMPANIES — 0.41%

Value $

173,546 697,916 202,778 2,731,813 949,456 190,672 230,887 251,927 401,248 933,339 2,142,252 208,755 599,468 744,092 258,560 397,707 384,782 328,018 256,063 5,813,815 280,439 898,060 233,948 70,673 187,925 222,375 8,726,343 393,115 422,283 1,024,551 406,642 629,717 1,414,572 218,854 576,464 3,014,524 263,106 117,911 228,966 284,514,559

2,020,112,646

Security

Shares

Value

AUSTRALIA — 0.01% Spark Infrastructure Group

177,470

$ 280,353 280,353

RUSSIA — 0.40% iShares MSCI Russia Capped ETFb,e

580,000

8,154,800 8,154,800

TOTAL INVESTMENT COMPANIES (Cost: $8,987,158)

8,435,153

PREFERRED STOCKS — 1.02% BRAZIL — 0.48% Banco Bradesco SA Banco do Estado do Rio Grande do Sul SA Class B Braskem SA Class A Centrais Eletricas Brasileiras SA Class B Cia. Brasileira de Distribuicao Cia. Energetica de Minas Gerais Cia. Paranaense de Energia Class B Itau Unibanco Holding SA Itausa-Investimentos Itau SA Lojas Americanas SA Marcopolo SA Petroleo Brasileiro SA Randon SA Implemetos e Participacoes Suzano Papel e Celulose SA Class A Telefonica Brasil SA Vale SA CHILE — 0.01% Embotelladora Andina SA Class B Sociedad Quimica y Minera de Chile SA Series B COLOMBIA — 0.02% Bancolombia SA Grupo Aval Acciones y Valores SA GERMANY — 0.34% Bayerische Motoren Werke AG Draegerwerk AG & Co. KGaA

280,381

2,104,401

26,100 18,200

64,365 129,480

24,700 17,500 92,502

91,691 256,658 183,621

13,700 312,791 371,438 75,520 100,700 379,600

112,393 2,979,437 932,147 350,813 68,869 1,125,336

131,525

108,626

43,600 38,700 152,175

165,894 475,058 694,110 9,842,899

28,349

95,908

9,744

208,275 304,183

39,863 240,926

378,450 100,512 478,962

5,101 1,699

405,172 112,729

109

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For personal use only

April 30, 2016 Security

Fuchs Petrolub SE Henkel AG & Co. KGaA Jungheinrich AG Porsche Automobil Holding SE Sartorius AG Volkswagen AG ITALY — 0.03% Intesa Sanpaolo SpA Telecom Italia SpA/Milano SOUTH KOREA — 0.14% AmorePacific Corp. Hyundai Motor Co. Hyundai Motor Co. Series 2 LG Chem Ltd. Samsung Electronics Co. Ltd.

Shares 7,030 17,517 2,429 15,625 1,169 18,840

Value $

300,775 1,999,888 229,047 872,076 288,469 2,728,587 6,936,743

74,023 592,052

194,660 464,503 659,163

970 2,455 3,964 728 2,154

193,677 209,862 347,554 126,189 1,971,759 2,849,041

TOTAL PREFERRED STOCKS (Cost: $24,554,538)

21,070,991

RIGHTS — 0.00% BRAZIL — 0.00% Randon SA Implementos e Participacoesb

SOUTH KOREA — 0.00% Hanjin Kal Corp.b THAILAND — 0.00% Banpu PCLb True Corp. PCLb

19,229

2,285 2,285

886

2,955 2,955

107,150 373,852

TOTAL RIGHTS (Cost: $35,617)

23,927 3,211 27,138 32,378

WARRANTS — 0.00% SINGAPORE — 0.00% Ezion Holdings Ltd. (Expires 04/20/24)a,b TOTAL WARRANTS (Cost: $0)

110

23,691

2,820 2,820 2,820

Security

Shares

Value

SHORT-TERM INVESTMENTS — 1.89% MONEY MARKET FUNDS — 1.89% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g 35,156,730 BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g 1,918,239 BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f 1,931,297 TOTAL SHORT-TERM INVESTMENTS (Cost: $39,006,266) TOTAL INVESTMENTS IN SECURITIES — 101.13% (Cost: $2,192,404,055) Other Assets, Less Liabilities — (1.13)% NET ASSETS — 100.00%

$

35,156,730 1,918,239 1,931,297 39,006,266 39,006,266

2,088,660,254 (23,434,008) $2,065,226,246

ADR — American Depositary Receipts CPO — Certificates of Participation (Ordinary) GDR — Global Depositary Receipts NVDR — Non-Voting Depositary Receipts NVS — Non-Voting Shares SDR — Swedish Depositary Receipts a b c d e f g

All or a portion of this security represents a security on loan. See Note 1. Non-income earning security. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

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For personal use only

Open futures contracts as of April 30, 2016 were as follows:

Issue MSCI EAFE E-Mini MSCI Emerging Markets E-Mini

Number of Contracts Purchased (Sold) 112 60

Expiration Jun. 2016 Jun. 2016

Notional Exchange Value NYSE LIFFE $9,306,640 NYSE LIFFE 2,515,200 Net unrealized appreciation

Unrealized Appreciation (Depreciation) $ 379,215 129,792 $ 509,007

See accompanying notes to schedules of investments.

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Schedule of Investments (Unaudited) iSHARES® CURRENCY HEDGED MSCI ACWI ETF

For personal use only

April 30, 2016 Security

Shares

Value

40,660

$2,309,895 2,309,895

INVESTMENT COMPANIES — 100.32%

EXCHANGE-TRADED FUNDS — 100.32% iShares MSCI ACWI ETFa TOTAL INVESTMENT COMPANIES (Cost: $2,409,089)

2,309,895

SHORT-TERM INVESTMENTS — 0.05%

MONEY MARKET FUNDS — 0.05% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,b TOTAL SHORT-TERM INVESTMENTS (Cost: $1,202) TOTAL INVESTMENTS IN SECURITIES — 100.37% (Cost: $2,410,291) Other Assets, Less Liabilities — (0.37)% NET ASSETS — 100.00% a b

1,202 1,202

1,202

1,202

2,311,097 (8,454) $2,302,643

Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

Forward currency contracts as of April 30, 2016 were as follows:

BRL CAD CHF DKK EUR GBP HKD ILS JPY MXN NOK NZD RUB SEK SGD

112

Currency Purchased 57,000 92,000 67,000 101,000 215,000 104,000 572,000 19,000 19,973,000 255,000 37,000 2,000 487,000 188,000 14,000

USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD

Currency Sold 16,205 73,190 69,202 15,388 243,801 151,489 73,730 5,062 183,694 14,769 4,540 1,389 7,505 23,280 10,391

Settlement Date 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

$

Unrealized Appreciation (Depreciation) 328 133 661 154 2,435 474 15 23 4,037 43 56 7 2 137 18

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April 30, 2016

TRY USD USD USD USD USD USD ZAR CAD EUR GBP JPY KRW MXN USD USD USD USD USD USD USD USD USD USD USD

Currency Purchased 10,000 54,479 73,777 45 46,607 756 42,153 255,000 1,000 1,000 1,000 759,000 869,000 3,000 55,497 1,597 2,089 3,439 2,930 46,609 58 322 355 41,968 70

AUD CHF INR KRW TWD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD HKD INR TWD USD USD USD USD USD

71,000 1,000 1,259,000 53,284,000 1,355,000 15,683 70,912 70,740 15,371 243,839 150,110 5,037 18,867 177,644 13,976 4,452 1,384 7,149 23,071 10,371 3,491 17,021 2,000 31,000 37,000 759 16,945 73,190 69,267 15,398

USD AUD HKD INR KRW MXN TWD USD USD USD USD USD USD USD AUD CAD CHF EUR GBP KRW MXN RUB TRY TWD ZAR

Currency Sold 3,544 71,000 572,000 3,000 53,284,000 13,000 1,355,000 17,772 796 1,146 1,461 7,117 757 174 73,000 2,000 2,000 3,000 2,000 53,315,000 1,000 21,000 1,000 1,355,000 1,000

Settlement Date 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

USD USD USD USD USD BRL CAD CHF DKK EUR GBP ILS INR JPY MXN NOK NZD RUB SEK SGD TRY ZAR USD USD USD AUD BRL CAD CHF DKK

54,027 1,046 18,919 46,616 42,009 57,000 92,000 68,000 101,000 215,000 104,000 19,000 1,256,000 19,973,000 242,000 37,000 2,000 487,000 188,000 14,000 10,000 255,000 258 465 1,147 1,000 60,000 92,000 67,000 101,000

05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Unrealized Appreciation (Depreciation) $ 23 510 32 — 132 1 199 120 1 — — 21 1 — 62 3 2 1 7 123 — 1 — 24 — 9,786 (58) (3) (5) (141) (55) (849) (2,412) (166) (172) (2,396) (1,852) (48) (2) (10,087) (81) (143) (12) (358) (346) (37) (75) (872) — (1) (2) (1) (324) (135) (666) (155)

113

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April 30, 2016

USD USD USD USD USD USD USD USD USD USD USD USD USD USD

Currency Purchased 243,966 151,495 74,644 4,797 19,416 184,285 14,730 4,663 1,387 7,564 22,928 10,384 3,521 17,686

EUR GBP HKD ILS INR JPY MXN NOK NZD RUB SEK SGD TRY ZAR

Counterparty: BNP — BNP Paribas SA

Currency Abbreviations: AUD — Australian Dollar BRL — Brazilian Real CAD — Canadian Dollar CHF — Swiss Franc DKK — Danish Krone EUR — Euro GBP — British Pound HKD — Hong Kong Dollar ILS — Israeli Shekel INR — Indian Rupee JPY — Japanese Yen KRW — South Korean Won MXN — Mexican Peso NOK — Norwegian Krone NZD — New Zealand Dollar RUB — New Russian Ruble SEK — Swedish Krona SGD — Singapore Dollar TRY — Turkish Lira TWD — Taiwan New Dollar USD — United States Dollar ZAR — South African Rand See accompanying notes to schedules of investments.

114

Currency Sold 215,000 104,000 579,000 18,000 1,299,000 20,005,000 255,000 38,000 2,000 494,000 185,000 14,000 10,000 255,000

Settlement Date 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Net unrealized depreciation

$

$

Unrealized Appreciation (Depreciation) (2,439) (475) (21) (22) (25) (3,850) (46) (56) (7) (5) (134) (18) (22) (119) (28,693) (18,907)

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April 30, 2016 Security

Shares

Value

53,526

$2,166,732 2,166,732

INVESTMENT COMPANIES — 100.73% EXCHANGE-TRADED FUNDS — 100.73% iShares MSCI ACWI ex U.S. ETFa TOTAL INVESTMENT COMPANIES (Cost: $2,354,085)

2,166,732

SHORT-TERM INVESTMENTS — 0.04%

MONEY MARKET FUNDS — 0.04% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,b TOTAL SHORT-TERM INVESTMENTS (Cost: $950) TOTAL INVESTMENTS IN SECURITIES — 100.77% (Cost: $2,355,035) Other Assets, Less Liabilities — (0.77)% NET ASSETS — 100.00% a b

950 950

950

950

2,167,682 (16,638) $2,151,044

Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

Forward currency contracts as of April 30, 2016 were as follows:

BRL CAD CHF DKK EUR GBP HKD ILS JPY MXN NOK NZD RUB SEK SGD TRY

Currency Purchased 114,000 184,000 135,000 201,000 428,000 211,000 1,141,000 39,000 40,056,000 511,000 77,000 4,000 973,000 380,000 28,000 21,000

USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD

Currency Sold 32,401 146,356 139,436 30,624 485,334 307,271 147,073 10,391 368,337 29,594 9,444 2,777 14,994 47,053 20,781 7,442

Settlement Date 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Unrealized Appreciation (Depreciation) $ 664 291 1,333 307 4,846 1,037 31 48 8,159 88 119 15 5 278 36 47

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April 30, 2016

USD USD USD USD USD ZAR BRL CAD EUR GBP ILS JPY KRW MXN SGD USD USD USD USD USD USD USD USD USD USD USD ZAR

Currency Purchased 109,725 147,168 93,465 989 84,244 508,000 2,000 2,000 5,000 2,000 1,000 1,732,000 2,328,000 9,000 1,000 110,995 3,193 3,134 9,170 5,860 92,922 175 629 125 83,719 70 2,000

AUD CHF INR KRW TWD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD CHF HKD INR SEK TWD USD USD USD USD

143,000 5,000 2,519,000 106,860,000 2,708,000 31,356 141,817 145,641 30,584 485,343 304,555 10,340 37,839 356,259 28,530 9,265 2,767 14,281 46,631 20,742 7,332 33,899 1,000 11,000 76,000 3,000 91,000 33,895 145,584 139,567 30,643

116

AUD HKD KRW MXN TWD USD USD USD USD USD ILS USD USD USD USD AUD CAD CHF EUR GBP KRW MXN RUB SEK TWD ZAR USD

Currency Sold 143,000 1,141,000 106,860,000 17,000 2,708,000 35,405 573 1,591 5,729 2,922 — 16,242 2,027 521 743 146,000 4,000 3,000 8,000 4,000 106,290,000 3,000 41,000 1,000 2,703,000 1,000 140

Settlement Date 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

USD USD USD USD USD BRL CAD CHF DKK EUR GBP ILS INR JPY MXN NOK NZD RUB SEK SGD TRY ZAR USD USD USD USD USD BRL CAD CHF DKK

108,826 5,230 37,852 93,487 83,956 114,000 184,000 140,000 201,000 428,000 211,000 39,000 2,519,000 40,056,000 494,000 77,000 4,000 973,000 380,000 28,000 21,000 508,000 1,044 1,419 1,140 374 2,821 120,000 183,000 135,000 201,000

05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 05/10/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Unrealized Appreciation (Depreciation) $ 1,027 64 259 1 398 239 3 2 1 1 — 47 3 1 — 126 5 2 2 15 246 1 1 — 48 — — 19,796 (128) (16) (10) (281) (111) (1,709) (4,830) (342) (346) (4,837) (3,753) (99) (4) (20,237) (164) (297) (24) (718) (700) (76) (158) (1,745) — — (2) — (4) (643) (268) (1,341) (309)

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April 30, 2016

USD USD USD USD USD USD USD USD USD USD USD USD USD USD

Currency Purchased 485,663 301,533 148,901 9,594 38,697 367,396 29,345 9,325 2,774 15,005 45,732 20,768 7,394 35,233

EUR GBP HKD ILS INR JPY MXN NOK NZD RUB SEK SGD TRY ZAR

Currency Sold 428,000 207,000 1,155,000 36,000 2,589,000 39,883,000 508,000 76,000 4,000 980,000 369,000 28,000 21,000 508,000

Settlement Date 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Net unrealized depreciation

Unrealized Appreciation (Depreciation) $ (4,855) (946) (42) (45) (49) (7,680) (92) (113) (15) (9) (268) (35) (47) (238) (57,586) $ (37,790)

Counterparty: BNP — BNP Paribas SA

Currency Abbreviations: AUD — Australian Dollar BRL — Brazilian Real CAD — Canadian Dollar CHF — Swiss Franc DKK — Danish Krone EUR — Euro GBP — British Pound HKD — Hong Kong Dollar ILS — Israeli Shekel INR — Indian Rupee JPY — Japanese Yen KRW — South Korean Won MXN — Mexican Peso NOK — Norwegian Krone NZD — New Zealand Dollar RUB — New Russian Ruble SEK — Swedish Krona SGD — Singapore Dollar TRY — Turkish Lira TWD — Taiwan New Dollar USD — United States Dollar ZAR — South African Rand See accompanying notes to schedules of investments.

117

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April 30, 2016 Security

Shares

Value

INVESTMENT COMPANIES — 100.97% EXCHANGE-TRADED FUNDS — 100.97% iShares MSCI EAFE ETFa,b 64,745,482

TOTAL INVESTMENT COMPANIES (Cost: $4,023,999,846)

$3,783,078,513 3,783,078,513 3,783,078,513

SHORT-TERM INVESTMENTS — 4.06% MONEY MARKET FUNDS — 4.06% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%b,c,d BlackRock Cash Funds: Prime, SL Agency Shares 0.49%b,c,d BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%b,c

142,239,082

142,239,082

7,760,918

7,760,918

1,991,805

1,991,805 151,991,805

TOTAL SHORT-TERM INVESTMENTS (Cost: $151,991,805) TOTAL INVESTMENTS IN SECURITIES — 105.03% (Cost: $4,175,991,651) Other Assets, Less Liabilities — (5.03)% NET ASSETS — 100.00% a b c

d

151,991,805

3,935,070,318 (188,434,801) $3,746,635,517

All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

Forward currency contracts as of April 30, 2016 were as follows:

AUD CHF CHF DKK DKK EUR EUR GBP GBP HKD

118

Currency Purchased 654,000 161,891,000 175,899,000 222,678,000 284,506,000 475,215,000 579,261,000 238,010,000 290,931,000 388,967,000

USD USD USD USD USD USD USD USD USD USD

Currency Sold 491,929 167,203,731 181,676,833 33,925,450 43,328,429 538,853,892 656,412,961 346,689,412 423,293,069 50,137,277

Settlement Date 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016

Counterparty CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP

Unrealized Appreciation (Depreciation) $ 5,217 1,598,012 1,730,879 340,115 451,193 5,384,919 6,984,276 1,084,218 1,807,263 9,954

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April 30, 2016

HKD ILS ILS JPY JPY NOK NOK NZD NZD SEK SEK SGD SGD USD USD USD USD USD AUD CHF DKK EUR EUR GBP GBP ILS JPY JPY NOK NOK NZD NZD SEK SGD USD USD USD USD USD USD USD USD USD

Currency Purchased 532,602,000 46,780,000 51,748,000 46,444,795,000 54,390,676,000 87,387,000 104,546,000 5,295,000 4,615,000 422,133,000 532,599,000 28,385,000 42,102,000 118,159,615 156,398,731 212,490 50,169,914 71,671,587 2,262,000 1,075,000 1,566,000 13,782,000 3,315,000 6,751,000 1,307,000 285,000 4,524,235,000 549,066,000 399,000 591,000 20,000 30,000 5,173,000 1,215,000 127,230,281 146,097,795 10,403,785 419,365 23,150,527 14,653,585 276,253 58,635 432,853

AUD AUD CHF HKD USD USD USD USD USD USD USD

154,202,000 203,875,000 12,637,000 22,988,000 161,785 168,192,859 196,282,280 33,881,177 43,289,338 538,821,460 657,396,757

USD USD USD USD USD USD USD USD USD USD USD USD USD AUD AUD CHF HKD HKD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD AUD AUD CHF DKK EUR GBP ILS NZD SEK

Currency Sold 68,656,397 12,463,685 13,782,751 427,457,095 499,378,084 10,721,551 12,805,885 3,676,525 3,204,717 52,272,377 65,884,585 21,067,280 31,239,549 153,987,000 204,529,000 203,000 388,967,000 555,590,000 1,716,270 1,113,926 239,127 15,791,746 3,768,973 9,862,664 1,909,807 76,003 42,425,628 5,117,767 49,481 72,667 13,925 20,852 643,182 902,465 167,336,000 192,239,000 9,960,000 2,723,000 20,196,000 10,003,000 1,031,000 84,000 3,469,000

Settlement Date 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP BNP CITI BNP CITI CITI BNP CITI BNP CITI CITI BNP CITI BNP CITI BNP CITI CITI BNP BNP CITI BNP BNP BNP BNP BNP BNP BNP

USD USD USD USD AUD CHF CHF DKK DKK EUR EUR

117,344,792 155,198,905 13,212,424 2,965,065 215,000 161,688,000 188,536,000 222,678,000 284,506,000 475,215,000 579,261,000

05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016

BNP CITI CITI CITI BNP BNP CITI BNP CITI BNP CITI

Unrealized Appreciation (Depreciation) $ 8,851 56,938 67,553 9,080,159 11,842,955 131,240 177,921 19,483 16,639 304,886 451,374 36,473 62,555 1,104,656 923,700 824 22,682 42,631 1,447 8,121 2,023 3,396 30,251 2,246 49 305 122,150 45,876 66 723 17 61 1,686 274 158,689 115,366 7,885 47 4,489 36,684 205 80 407 44,290,109 (126,399) (221,019) (35,980) (1,357) (1,649) (397,219) (301,875) (384,387) (490,284) (5,417,351) (6,000,480)

119

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USD USD USD USD USD USD USD USD USD USD USD USD USD USD AUD CHF CHF DKK DKK EUR GBP HKD HKD ILS ILS NOK NZD SEK SGD SGD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD

120

Currency Purchased 343,537,307 419,398,048 12,401,732 13,697,919 413,082,246 483,956,968 10,513,942 12,573,228 3,663,549 3,188,018 51,795,689 65,453,608 21,024,995 31,196,118 2,049,000 4,508,000 858,000 2,623,000 1,260,000 2,646,000 1,637,000 12,171,000 5,338,000 1,201,000 227,000 477,000 25,000 9,259,000 170,000 389,000 167,368,122 173,940,328 33,947,922 41,155,690 539,238,816 627,736,825 346,705,121 393,524,769 52,411,556 68,669,675 12,467,479 11,272,947 450,164,560 453,402,280 11,149,154 11,775,856 3,671,431 2,960,338 52,316,863 59,885,810 21,053,998 29,944,383

GBP GBP ILS ILS JPY JPY NOK NOK NZD NZD SEK SEK SGD SGD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD CHF CHF DKK DKK EUR EUR GBP GBP HKD HKD ILS ILS JPY JPY NOK NOK NZD NZD SEK SEK SGD SGD

Currency Sold 238,010,000 290,931,000 46,780,000 51,748,000 46,444,795,000 54,390,676,000 87,387,000 104,546,000 5,295,000 4,615,000 422,133,000 532,599,000 28,385,000 42,102,000 1,558,766 4,706,418 895,850 403,968 194,086 3,033,427 2,392,489 1,569,746 688,403 321,808 60,837 59,280 17,429 1,154,320 126,448 289,113 161,891,000 168,249,000 222,678,000 270,048,000 475,215,000 553,552,000 238,010,000 270,188,000 406,547,000 532,602,000 46,780,000 42,297,000 48,848,003,000 49,233,276,000 90,843,000 96,048,000 5,295,000 4,267,000 422,133,000 483,533,000 28,385,000 40,380,000

Settlement Date 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI CITI BNP CITI BNP CITI CITI CITI BNP CITI BNP CITI CITI CITI BNP BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI BNP CITI

Net unrealized depreciation

Unrealized Appreciation (Depreciation) $ (4,236,324) (5,702,284) (118,891) (152,384) (23,455,008) (27,264,072) (338,849) (410,579) (32,458) (33,338) (781,574) (882,351) (78,758) (105,986) (2,796) (1,125) (299) (49) (57) (925) (420) (230) (40) (243) (58) (47) (2) (90) (139) (88) (1,608,049) (1,672,102) (342,518) (429,310) (5,391,031) (6,672,740) (1,087,393) (1,287,902) (14,843) (12,186) (57,790) (52,005) (9,222,272) (9,607,819) (131,655) (151,306) (19,607) (14,102) (306,363) (391,559) (35,919) (57,761) (115,543,696) $ (71,253,587)

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For personal use only

Counterparties: BNP — BNP Paribas SA CITI — Citibank N.A.

Currency Abbreviations: AUD — Australian Dollar CHF — Swiss Franc DKK — Danish Krone EUR — Euro GBP — British Pound HKD — Hong Kong Dollar ILS — Israeli Shekel JPY — Japanese Yen NOK — Norwegian Krone NZD — New Zealand Dollar SEK — Swedish Krona SGD — Singapore Dollar USD — United States Dollar

See accompanying notes to schedules of investments.

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For personal use only

April 30, 2016 Security

Shares

Value

163,499

$8,238,715 8,238,715

INVESTMENT COMPANIES — 101.08% EXCHANGE-TRADED FUNDS — 101.08% iShares MSCI EAFE Small-Cap ETFa

TOTAL INVESTMENT COMPANIES (Cost: $8,057,840)

8,238,715

SHORT-TERM INVESTMENTS — 0.05% MONEY MARKET FUNDS — 0.05% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,b

4,238 4,238

4,238

TOTAL SHORT-TERM INVESTMENTS (Cost: $4,238)

4,238

TOTAL INVESTMENTS IN SECURITIES — 101.13% (Cost: $8,062,078) Other Assets, Less Liabilities — (1.13)% NET ASSETS — 100.00% a b

8,242,953 (91,876) $8,151,077

Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

Forward currency contracts as of April 30, 2016 were as follows:

CHF DKK EUR GBP HKD ILS JPY NOK NZD SEK SGD USD USD USD AUD EUR GBP JPY NOK NZD

122

Currency Purchased 353,000 1,010,000 1,781,000 1,116,000 1,556,000 342,000 287,927,000 1,187,000 139,000 3,619,000 228,000 487,272 10,459 200,826 5,000 25,000 18,000 10,249,000 15,000 2,000

USD USD USD USD USD USD USD USD USD USD USD AUD CHF HKD USD USD USD USD USD USD

Currency Sold 364,584 154,024 2,019,504 1,625,585 200,566 91,120 2,648,580 145,634 96,513 448,138 169,221 635,000 10,000 1,557,000 3,794 28,646 26,297 96,109 1,860 1,393

Settlement Date 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Unrealized Appreciation (Depreciation) $ 3,484 1,394 20,181 5,084 40 416 57,662 1,783 511 2,614 293 4,569 32 91 3 6 6 277 3 2

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April 30, 2016

SGD USD USD USD

Currency Purchased 2,000 482,723 18,341 2,930

AUD CHF HKD USD USD USD USD USD USD USD USD USD USD CHF DKK HKD ILS NZD SEK SGD USD USD USD USD USD USD USD USD USD USD USD

635,000 1,000 1,000 357,839 153,679 2,019,817 1,610,800 90,677 2,560,916 142,838 96,180 444,068 168,891 8,000 33,000 28,000 11,000 3,000 83,000 2,000 364,943 124,402 2,020,947 1,625,658 203,047 90,614 2,617,133 151,573 96,379 448,519 168,373

USD AUD EUR GBP

Currency Sold 1,486 635,000 16,000 2,000

Settlement Date 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP

USD USD USD CHF DKK EUR GBP ILS JPY NOK NZD SEK SGD USD USD USD USD USD USD USD CHF DKK EUR GBP HKD ILS JPY NOK NZD SEK SGD

483,254 1,044 129 344,000 1,010,000 1,781,000 1,116,000 342,000 287,927,000 1,187,000 139,000 3,619,000 228,000 8,354 5,082 3,611 2,947 2,094 10,349 1,488 353,000 816,000 1,781,000 1,116,000 1,575,000 340,000 284,193,000 1,235,000 139,000 3,619,000 227,000

05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Net unrealized depreciation

Unrealized Appreciation (Depreciation) — $ 517 4 7 98,979 (551) (1) — (845) (1,740) (19,868) (19,869) (859) (145,326) (4,579) (845) (6,683) (623) (4) (1) (1) (2) (3) (2) (2) (3,506) (1,255) (20,204) (5,099) (58) (420) (55,536) (1,788) (515) (2,626) (287) (293,098) $ (194,119)

Counterparty:

BNP — BNP Paribas SA

Currency Abbreviations: AUD — Australian Dollar CHF — Swiss Franc DKK — Danish Kro ne EUR — Euro GBP — British Pound HKD — Hong Kong Dollar ILS — Israeli Shekel JPY — Japanese Yen NOK — Norwegian Krone NZD — New Zealand Dollar SEK — Swedish Krona SGD — Singapore Dollar USD — United States Dollar See accompanying notes to schedules of investments.

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April 30, 2016 Security

Shares

Value

INVESTMENT COMPANIES — 100.67% EXCHANGE-TRADED FUNDS — 100.67% iShares MSCI Europe Small-Cap ETFa

TOTAL INVESTMENT COMPANIES (Cost: $2,491,951)

2,487,227

TOTAL INVESTMENTS IN SECURITIES — 100.67% (Cost: $2,491,951) Other Assets, Less Liabilities — (0.67)% NET ASSETS — 100.00% a

54,437 $2,487,227 2,487,227

2,487,227 (16,636) $2,470,591

Affiliated issuer. See Note 2.

Forward currency contracts as of April 30, 2016 were as follows:

CHF DKK EUR GBP NOK SEK USD USD GBP USD USD USD

Currency Purchased 183,000 527,000 928,000 584,000 616,000 1,886,000 4,183 855,502 2,000 17,194 7,325 624

CHF GBP USD USD USD USD USD USD DKK SEK USD USD USD USD USD USD

2,000 584,000 188,244 80,172 1,052,238 842,930 74,125 231,372 9,000 10,000 189,191 64,640 1,049,622 844,876 79,416 233,121

124

USD USD USD USD USD USD CHF GBP USD EUR GBP SEK

Currency Sold 188,967 80,356 1,052,157 850,584 75,579 233,500 4,000 584,000 2,922 15,000 5,000 5,000

Settlement Date 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

USD USD CHF DKK EUR GBP NOK SEK USD USD CHF DKK EUR GBP NOK SEK

2,087 855,502 181,000 527,000 928,000 584,000 616,000 1,886,000 1,386 1,247 183,000 424,000 925,000 580,000 647,000 1,881,000

05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Net unrealized depreciation

Unrealized Appreciation (Depreciation) $ 1,805 727 10,480 2,728 925 1,364 13 2,189 1 3 18 1 20,254 (2) (2,189) (443) (911) (10,399) (10,382) (2,379) (3,492) — — (1,818) (652) (10,494) (2,650) (928) (1,365) (48,104) $ (27,850)

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Counterparty: BNP — BNP Paribas SA

Currency Abbreviations: CHF — Swiss Franc DKK — Danish Krone EUR — Euro GBP — British Pound NOK — Norwegian Krone SEK — Swedish Krona USD — United States Dollar

See accompanying notes to schedules of investments.

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iSHARES® EDGE MSCI INTL MOMENTUM FACTOR ETF

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.03%

AUSTRALIA — 4.07% AGL Energy Ltd. Amcor Ltd./Australia Aristocrat Leisure Ltd. Asciano Ltd. Aurizon Holdings Ltd. CIMIC Group Ltd. CSL Ltd. James Hardie Industries PLC Macquarie Group Ltd. Qantas Airways Ltd. Sydney Airport TPG Telecom Ltd. Transurban Group Treasury Wine Estates Ltd. Westfield Corp. AUSTRIA — 0.18% Erste Group Bank AGa

2,605 $ 36,361 2,505 29,440 19,422 2,545 2,486 16,752 16,147 4,955 455 12,427 91,104 1,135 32,030 2,265 1,130 54,760 7,854 3,196 6,215 32,300 10,217 1,250 70,787 8,010 3,851 27,390 60,853 7,895 517,844 785

22,585 22,585

BELGIUM — 1.50% Ageas Colruyt SA Delhaize Group KBC Groep NV Telenet Group Holding NVa UCB SA

1,200 260 475 545 145 550

CANADA — 5.28% Alimentation Couche-Tard Inc. Class B CCL Industries Inc. Class B Constellation Software Inc./Canada Dollarama Inc. George Weston Ltd. Gildan Activewear Inc. Intact Financial Corp. Loblaw Companies Ltd. Magna International Inc. Class A Metro Inc. Onex Corp. Rogers Communications Inc. Class B Sun Life Financial Inc.

47,087 14,973 49,796 30,605 7,208 41,167 190,836

2,050 160 125 930 185 405 460 715 1,490 1,215 320 1,820 2,075

90,013 29,347 48,932 67,163 16,081 12,600 34,098 39,517 62,688 40,730 19,883 70,905 70,900

126

Security

Shares

Value

Thomson Reuters Corp.

1,680 $

69,260 672,117

DENMARK — 4.37% Chr Hansen Holding A/S Danske Bank A/S DSV A/S ISS A/S Novo Nordisk A/S Class B Pandora A/S Vestas Wind Systems A/S William Demant Holding A/Sa

675 1,605 959 550 5,500 389 546 110

42,017 45,396 40,362 20,889 307,150 50,523 39,070 11,308 556,715

925 285 460 325

34,549 9,120 16,976 11,338 71,983

1,695 275 680 215

106,018 24,470 63,499 37,763

405 525 850 105 140 335 545 1,095 1,225 1,145 710 105 665 2,377 2,055 70

42,281 41,069 110,060 37,401 16,516 14,801 31,049 181,978 19,720 78,909 24,180 14,906 57,505 58,411 153,555 8,090 1,122,181

835

107,687

FINLAND — 0.57% Elisa OYJ Neste OYJ Nokian Renkaat OYJ Orion OYJ Class B FRANCE — 8.81% Airbus Group SE Atos SE Capgemini SA Christian Dior SE Cie. Generale des Etablissements Michelin Class B Dassault Systemes Essilor International SA Hermes International Ingenico Group SA JCDecaux SA Legrand SA LVMH Moet Hennessy Louis Vuitton SE Peugeot SAa Safran SA SCOR SE Societe BIC SA Thales SA Veolia Environnement SA Vinci SA Wendel SA GERMANY — 11.00% adidas AG

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Beiersdorf AG Brenntag AG Deutsche Boerse AG Deutsche Telekom AG Registered Deutsche Wohnen AG Bearer Evonik Industries AG Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA Hannover Rueck SE Infineon Technologies AG Osram Licht AG ProSiebenSat.1 Media SE Registered QIAGEN NVa SAP SE Symrise AG Telefonica Deutschland Holding AG United Internet AG Registeredb Vonovia SE Zalando SEa,c,d

Shares

Value

460 $ 41,285 565 33,139 78,826 960 11,430 200,101 43,988 1,436 10,932 345 925 80,253 182,609 2,510 390 44,481 58,774 4,130 610 31,842 49,206 965 15,802 705 3,540 277,006 35,454 535 1,835 9,319 30,276 620 54,859 1,630 15,082 455 1,400,921

HONG KONG — 0.05% HK Electric Investments & HK Electric Investments Ltd.c,d

7,500

6,749 6,749

IRELAND — 1.23% CRH PLC Kerry Group PLC Class A Ryanair Holdings PLC ADR

2,550 785 155

74,097 70,013 12,547 156,657

ISRAEL — 1.28% Azrieli Group Ltd. Bank Hapoalim BM Bezeq The Israeli Telecommunication Corp. Ltd. Mizrahi Tefahot Bank Ltd. NICE-Systems Ltd. Teva Pharmaceutical Industries Ltd.

95 2,260 7,150 355 235 2,020

3,777 11,638 15,267 4,118 15,136 113,705 163,641

1,280 385 324 40,085

35,654 14,464 4,093 111,105

ITALY — 2.54% Atlantia SpA EXOR SpA Finmeccanica SpAa Intesa Sanpaolo SpA

Security Luxottica Group SpA Mediobanca SpA Prysmian SpA Telecom Italia SpA/Milanoa,d Terna Rete Elettrica Nazionale SpA JAPAN — 33.44% Acom Co. Ltd.a Aeon Co. Ltd. Aisin Seiki Co. Ltd. Ajinomoto Co. Inc. Alfresa Holdings Corp. Alps Electric Co. Ltd. ANA Holdings Inc. Aozora Bank Ltd. ASICS Corp. Bandai Namco Holdings Inc. Casio Computer Co. Ltd.d Chubu Electric Power Co. Inc. Chugai Pharmaceutical Co. Ltd. Chugoku Electric Power Co. Inc. (The) Concordia Financial Group Ltd.a Credit Saison Co. Ltd. Dai-ichi Life Insurance Co. Ltd. (The) Daiichi Sankyo Co. Ltd. Daiwa House Industry Co. Ltd. Dentsu Inc. Don Quijote Holdings Co. Ltd. East Japan Railway Co. Eisai Co. Ltd. FUJIFILM Holdings Corp. Hankyu Hanshin Holdings Inc. Hokuriku Electric Power Co. Hoya Corp. Iida Group Holdings Co. Ltd. Isetan Mitsukoshi Holdings Ltd. ITOCHU Corp. J Front Retailing Co. Ltd. Japan Airlines Co. Ltd. Japan Exchange Group Inc. Japan Tobacco Inc. Kajima Corp. Kakaku.com Inc. Kansai Electric Power Co. Inc. (The)a

Shares

Value

890 $ 48,491 1,625 13,354 850 20,045 41,060 39,974 6,365 35,897 323,077 2,500 3,500 500 500 1,000 1,000 5,000 5,000 500 500 500 2,500 500 1,000 5,000 500 2,500 3,000 3,000 1,000 500 1,500 1,000 1,500 5,000 500 1,500 500 1,000 3,500 500 500 2,000 2,000 5,000 500 3,000

13,599 53,762 20,235 11,940 19,982 18,599 14,393 18,272 10,332 10,935 9,884 33,892 17,571 13,328 23,945 9,524 31,987 72,929 83,079 52,993 18,576 137,726 63,881 64,054 32,478 6,711 59,736 9,771 11,066 46,287 6,267 18,473 31,329 84,677 32,011 9,313 27,399

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Kao Corp. KDDI Corp. Keihan Holdings Co. Ltd. Kirin Holdings Co. Ltd. Koito Manufacturing Co. Ltd. Konami Holdings Corp. Kyushu Electric Power Co. Inc. Kyushu Financial Group Inc. Lawson Inc. M3 Inc. Makita Corp. Marui Group Co. Ltd. Medipal Holdings Corp. MEIJI Holdings Co. Ltd. Mitsubishi Chemical Holdings Corp. Mitsubishi Tanabe Pharma Corp. Mitsubishi UFJ Financial Group Inc. Mitsui Chemicals Inc. Mizuho Financial Group Inc. MS&AD Insurance Group Holdings Inc. Murata Manufacturing Co. Ltd. Nexon Co. Ltd. Nidec Corp. Nintendo Co. Ltd. Nippon Telegraph & Telephone Corp. Nisshin Seifun Group Inc. Nitori Holdings Co. Ltd. Nitto Denko Corp. Nomura Real Estate Holdings Inc. Nomura Research Institute Ltd. NTT Data Corp. NTT DOCOMO Inc. Obayashi Corp. Obic Co. Ltd. Oji Holdings Corp. Ono Pharmaceutical Co. Ltd. Otsuka Corp. Otsuka Holdings Co. Ltd. Park24 Co. Ltd. Santen Pharmaceutical Co. Ltd. Secom Co. Ltd. Sekisui House Ltd. Seven & I Holdings Co. Ltd. Shikoku Electric Power Co. Inc. Shimizu Corp.

128

Shares

Value

2,000 $114,323 4,500 133,282 37,011 5,000 2,500 37,186 22,618 500 16,052 500 1,500 15,589 8,159 1,500 500 39,721 14,066 500 500 32,338 15,823 1,000 16,440 1,000 1,000 80,191 21,750 4,000 500 9,173 25,000 121,524 17,384 5,000 72,500 113,702 41,616 1,500 500 69,139 7,776 500 500 38,249 70,821 500 3,000 136,380 1,500 25,221 48,040 500 500 28,207 9,458 500 500 18,178 26,824 500 5,000 121,361 5,000 50,516 27,151 500 5,000 21,169 2,500 116,314 500 24,861 40,151 1,000 14,417 500 1,000 14,917 39,464 500 2,500 45,131 2,500 106,150 6,351 500 5,000 45,937

Security Shionogi & Co. Ltd. Shiseido Co. Ltd. Sohgo Security Services Co. Ltd. Sompo Japan Nipponkoa Holdings Inc. Sony Corp. Sony Financial Holdings Inc. Sumitomo Chemical Co. Ltd. Suntory Beverage & Food Ltd. Suzuken Co. Ltd./Aichi Japan Suzuki Motor Corp. Sysmex Corp. Taisei Corp. Takeda Pharmaceutical Co. Ltd. Teijin Ltd. Terumo Corp. Tohoku Electric Power Co. Inc. Tokio Marine Holdings Inc. Tokyo Electric Power Co. Holdings Inc.a Tokyu Corp. Toray Industries Inc. TOTO Ltd. Toyo Seikan Group Holdings Ltd. Toyo Suisan Kaisha Ltd. Trend Micro Inc./Japan USS Co. Ltd. West Japan Railway Co. Yamada Denki Co. Ltd. Yamaha Corp.

Shares

Value

1,500 $ 79,111 2,000 46,451 500 28,693 1,000 27,483 4,000 103,855 500 6,496 5,000 23,646 500 22,384 500 17,875 1,000 28,740 500 32,712 5,000 34,955 2,000 98,360 5,000 18,552 1,000 39,488 1,500 19,739 1,500 51,717 7,500 41,357 5,000 44,348 5,000 43,306 500 17,781 1,000 20,515 500 18,225 500 19,557 500 8,197 1,000 62,414 2,000 10,281 1,000 29,908 4,257,213

NETHERLANDS — 5.71% Heineken Holding NV Heineken NV Koninklijke Ahold NV Koninklijke KPN NV NN Group NV Randstad Holding NV RELX NV TNT Express NVa Unilever NV CVA Wolters Kluwer NV

625 1,240 3,467 8,240 840 495 2,235 1,655 6,370 1,662

51,605 116,246 75,448 32,418 29,113 26,593 37,515 15,026 279,906 63,265 727,135

NEW ZEALAND — 0.15% Auckland International Airport Ltd.

4,440

19,094 19,094

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NORWAY — 0.42% Orkla ASA Schibsted ASA

Shares

Value

4,905 $ 42,822 10,648 365 53,470

PORTUGAL — 0.14% Jeronimo Martins SGPS SA

1,080

17,676 17,676

SPAIN — 3.13% Aena SAa,c Amadeus IT Holding SA Class A Endesa SA Ferrovial SA Industria de Diseno Textil SA International Consolidated Airlines Group SA

360 1,220 780 2,511 6,060 3,385

51,355 55,530 16,380 54,039 194,586 26,034 397,924

SWEDEN — 1.45% Assa Abloy AB Svenska Cellulosa AB SCA Class B

3,535 3,505

74,203 110,492 184,695

320 10

51,748 11,758

7 30 30 510 200 100 1,300 10,510

42,869 14,843 43,881 21,821 33,302 41,210 115,420 182,020 558,872

660 1,535 4,185 2,450 890 735 440

17,954 68,898 32,645 35,926 44,289 15,074 19,408

SWITZERLAND — 4.39% Actelion Ltd. Registered Barry Callebaut AG Registered Chocoladefabriken Lindt & Sprungli AG Participation Certificates EMS-Chemie Holding AG Registered Galenica AG Registered Julius Baer Group Ltd. Lonza Group AG Registered Partners Group Holding AG Swiss Re AG UBS Group AG UNITED KINGDOM — 9.32% Admiral Group PLC Associated British Foods PLC Barratt Developments PLC Capita PLC Carnival PLC Coca-Cola HBC AGa Croda International PLC

Security Direct Line Insurance Group PLC Dixons Carphone PLC Hargreaves Lansdown PLC Imperial Brands PLC Inmarsat PLC ITV PLC London Stock Exchange Group PLC Marks & Spencer Group PLC Mondi PLC Next PLC Persimmon PLC Provident Financial PLC Reckitt Benckiser Group PLC Sage Group PLC (The) Segro PLC Sky PLC Sports Direct International PLCa Taylor Wimpey PLC Wolseley PLC

Shares 7,110 2,926 1,080 3,800 1,535 10,070 820 3,360 1,355 550 1,180 855 2,485 4,875 2,035 3,240 765 16,700 580

TOTAL COMMON STOCKS (Cost: $11,952,576)

Value $

37,693 18,225 20,346 206,995 20,901 33,220 32,589 20,845 25,963 40,970 34,347 36,497 242,224 42,277 12,452 44,544 4,317 45,087 32,465 1,186,151

12,607,536

PREFERRED STOCKS — 0.32% GERMANY — 0.12% Fuchs Petrolub SE ITALY — 0.20% Intesa Sanpaolo SpA Telecom Italia SpA/Milano

355

2,790 23,660

TOTAL PREFERRED STOCKS (Cost: $48,730)

15,188 15,188 $

7,337 18,563 25,900 41,088

SHORT-TERM INVESTMENTS — 0.50% MONEY MARKET FUNDS — 0.50% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f TOTAL SHORT-TERM INVESTMENTS (Cost: $63,693)

59,464

59,464

3,244

3,244

985

985 63,693 63,693

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April 30, 2016

TOTAL INVESTMENTS IN SECURITIES — 99.85% (Cost: $12,064,999) Other Assets, Less Liabilities — 0.15% NET ASSETS — 100.00%

Value

$12,712,317 18,803 $12,731,120

ADR American Depositary Receipts a b c

d e f

g

Non-income earning security. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.02%

AUSTRALIA — 5.11% Amcor Ltd./Australia ASX Ltd. Bendigo & Adelaide Bank Ltd. Brambles Ltd. Cochlear Ltd. CSL Ltd. Flight Centre Travel Group Ltd.a Goodman Group GPT Group (The) LendLease Group Orica Ltd. Platinum Asset Management Ltd. QBE Insurance Group Ltd. REA Group Ltd. Rio Tinto Ltd. Seek Ltd. Telstra Corp. Ltd. TPG Telecom Ltd. Westfield Corp. Woodside Petroleum Ltd. Woolworths Ltd.

3,186 $ 37,444 34,240 1,026 2,058 14,638 39,430 4,140 14,840 180 1,560 125,218 264 7,920 6,732 35,398 30,701 7,998 2,286 22,156 7,356 630 5,591 1,209 5,376 45,745 13,756 354 1,075 42,291 8,845 708 30,702 125,586 15,742 1,926 63,358 8,220 2,670 57,746 35,535 2,106 783,536

AUSTRIA — 0.07% Andritz AG

180

10,083 10,083

BELGIUM — 0.29% Colruyt SA Proximus SADP Umicore SA

168 774 186

9,675 26,041 9,272 44,988

768 1,848 2,406 468 372 66 600 1,704 48

33,722 149,510 148,401 67,637 10,718 12,106 27,457 37,791 18,790

CANADA — 6.22% Alimentation Couche-Tard Inc. Class B Canadian Imperial Bank of Commerce/Canada Canadian National Railway Co. Canadian Pacific Railway Ltd. Canadian Utilities Ltd. Class A CCL Industries Inc. Class B CGI Group Inc. Class Ab CI Financial Corp. Constellation Software Inc./Canada

Security Dollarama Inc. Great-West Lifeco Inc. IGM Financial Inc. Imperial Oil Ltd. Industrial Alliance Insurance & Financial Services Inc. Intact Financial Corp. Jean Coutu Group PJC Inc. (The) Class A Keyera Corp. Linamar Corp. Magna International Inc. Class A Methanex Corp. Metro Inc. Peyto Exploration & Development Corp. Potash Corp. of Saskatchewan Inc. Power Financial Corp. PrairieSky Royalty Ltd. Saputo Inc. TELUS Corp.

Shares

Value

654 $ 47,230 1,494 44,035 342 10,785 996 33,086 390 606 90 552 186 1,680 150 384 462 1,807 1,104 1,296 348 870

12,983 44,920 1,371 17,808 8,068 70,682 5,255 12,873 11,814 32,026 29,076 27,335 10,960 27,629 954,068

DENMARK — 4.27% Chr Hansen Holding A/S Coloplast A/S Class B DSV A/S Novo Nordisk A/S Class B Novozymes A/S Class B Pandora A/S Tryg A/S William Demant Holding A/Sb

228 462 627 7,920 792 627 618 66

14,192 34,652 26,389 442,295 37,965 81,435 11,669 6,785 655,382

FINLAND — 1.79% Elisa OYJ Fortum OYJ Kone OYJ Class B Metso OYJ Nokian Renkaat OYJ Orion OYJ Class B Sampo OYJ Class A Wartsila OYJ Abp

906 1,146 1,596 246 438 372 2,226 432

33,839 17,273 72,827 5,914 16,164 12,978 97,214 18,525 274,734

FRANCE — 5.12% Air Liquide SA Airbus Group SE AXA SA

786 1,806 8,346

89,124 112,961 210,443

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April 30, 2016 Security

Bureau Veritas SA Hermes International L’Oreal SA Legrand SA SCOR SE Societe BIC SA Technip SA Unibail-Rodamco SE Valeo SA GERMANY — 6.88% Allianz SE Registered BASF SE Beiersdorf AG Continental AG Deutsche Boerse AG Deutsche Post AG Registered Evonik Industries AG Hannover Rueck SE Henkel AG & Co. KGaA HUGO BOSS AG RTL Group SAb SAP SE Symrise AG United Internet AG Registeredc HONG KONG — 8.06% AIA Group Ltd. Bank of East Asia Ltd. (The)a Cheung Kong Infrastructure Holdings Ltd. Cheung Kong Property Holdings Ltd. CK Hutchison Holdings Ltd. CLP Holdings Ltd. Hang Lung Properties Ltd. Hang Seng Bank Ltd. Henderson Land Development Co. Ltd. Hong Kong & China Gas Co. Ltd. Hong Kong Exchanges and Clearing Ltd. Hysan Development Co. Ltd. Li & Fung Ltd. Link REIT MGM China Holdings Ltd. Power Assets Holdings Ltd. Sands China Ltd.

132

Shares

Value

762 $ 18,066 138 49,156 66,422 366 678 38,625 21,660 636 13,629 96 270 15,805 102,917 384 294 46,621 785,429 1,650 2,112 168 372 1,086 2,250 288 282 162 384 198 2,670 240 522

280,167 174,529 15,078 81,720 89,172 66,075 9,126 32,163 16,464 24,493 16,546 208,928 15,905 25,490 1,055,856

55,200 4,800 2,000 18,000 6,000 6,000 6,000 3,600 6,200 24,800 6,900 3,000 24,000 9,000 4,800 3,000 12,000

332,316 17,481 18,911 123,563 71,933 55,497 11,973 65,436 38,764 46,293 174,608 13,284 14,882 54,704 6,745 28,599 43,005

Security Sino Land Co. Ltd. SJM Holdings Ltd. Sun Hung Kai Properties Ltd. Swire Properties Ltd. Wynn Macau Ltd. IRELAND — 0.20% Kerry Group PLC Class A Ryanair Holdings PLC ADR

Shares

Value

12,000 $ 18,904 6,000 4,038 6,000 75,839 4,800 12,499 4,800 6,868 1,236,142 264 96

23,546 7,771 31,317

ISRAEL — 0.21% Check Point Software Technologies Ltd.b Israel Chemicals Ltd. Taro Pharmaceutical Industries Ltd.b

252 1,158 36

20,883 5,752 5,031 31,666

ITALY — 0.47% Snam SpA Tenaris SA UnipolSai SpA

6,462 1,494 5,592

39,449 20,157 13,053 72,659

JAPAN — 9.70% ABC-Mart Inc. Aeon Mall Co. Ltd. Calbee Inc. Daito Trust Construction Co. Ltd. Daiwa House Industry Co. Ltd. FANUC Corp. Fuji Heavy Industries Ltd. GungHo Online Entertainment Inc.a Iyo Bank Ltd. (The) Japan Airlines Co. Ltd. Japan Exchange Group Inc. Japan Tobacco Inc. JSR Corp. Kakaku.com Inc. Kansai Paint Co. Ltd. KDDI Corp. Keyence Corp. Koito Manufacturing Co. Ltd. Kuraray Co. Ltd. Kyushu Financial Group Inc. M3 Inc. Mitsubishi Motors Corp. Murata Manufacturing Co. Ltd.

100 600 100 600 2,400 600 2,400 1,800 1,200 100 3,000 1,800 600 600 600 9,000 100 600 1,200 1,800 600 3,000 600

6,692 8,585 4,042 86,892 66,463 92,556 83,353 4,845 8,210 3,695 46,993 76,209 8,529 11,176 10,890 266,564 62,769 27,142 15,769 9,791 16,879 12,589 82,967

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Nabtesco Corp. Nippon Paint Holdings Co. Ltd. Nitori Holdings Co. Ltd. Nitto Denko Corp. NTT DOCOMO Inc. Osaka Gas Co. Ltd. Seven Bank Ltd. Shimano Inc. Shin-Etsu Chemical Co. Ltd. Sony Financial Holdings Inc. T&D Holdings Inc. Trend Micro Inc./Japan USS Co. Ltd. Yahoo Japan Corp.

Shares

Value

600 $ 14,064 600 16,554 57,648 600 600 33,848 145,633 6,000 22,252 6,000 4,200 18,489 30,058 200 600 34,785 15,590 1,200 2,400 24,259 23,468 600 9,836 600 6,000 27,814 1,487,898

NETHERLANDS — 2.71% ASML Holding NV Boskalis Westminster Koninklijke Ahold NV RELX NV Unilever NV CVA

1,092 258 1,122 5,953 3,984

105,561 10,758 24,416 99,922 175,062 415,719

NEW ZEALAND — 0.09% Contact Energy Ltd. Ryman Healthcare Ltd.

2,370 798

8,419 4,983 13,402

NORWAY — 0.59% Gjensidige Forsikring ASA Statoil ASA Yara International ASA PORTUGAL — 0.06% Jeronimo Martins SGPS SA SINGAPORE — 1.67% Ascendas REIT CapitaLand Commercial Trust Ltd. CapitaLand Mall Trust City Developments Ltd. ComfortDelGro Corp. Ltd. Keppel Corp. Ltd. Sembcorp Marine Ltda Singapore Exchange Ltd. Singapore Technologies Engineering Ltd.

1,050 3,264 360

17,982 57,681 14,413 90,076

546

8,936 8,936

7,946 9,000 9,600 1,200 4,800 3,600 2,400 6,000 6,000

14,544 9,576 14,785 7,446 10,321 14,464 2,982 33,615 14,374

Security Singapore Telecommunications Ltd. UOL Group Ltd. Yangzijiang Shipbuilding Holdings Ltd. SPAIN — 2.21% Distribuidora Internacional de Alimentacion SA Endesa SA Iberdrola SA Industria de Diseno Textil SA Mapfre SA Zardoya Otis SA

Shares

Value

42,600 $122,344 1,800 8,223 6,000 4,419 257,093 2,136 2,244 6,276 6,012 10,217 1,536

11,856 47,124 44,596 193,044 25,920 16,308 338,848

SWEDEN — 3.55% Alfa Laval AB Assa Abloy AB Atlas Copco AB Class A Atlas Copco AB Class B Boliden AB Hennes & Mauritz AB Class B Investment AB Kinnevik Class B Investor AB Class B Skanska AB Class B SKF AB Class B

750 2,490 2,334 1,650 522 5,766 1,656 2,100 1,098 930

11,836 52,268 60,456 39,633 9,109 205,198 47,683 77,142 24,171 17,145 544,641

SWITZERLAND — 12.61% ABB Ltd. Registered Actelion Ltd. Registered Adecco SA Registered EMS-Chemie Holding AG Registered Geberit AG Registered Givaudan SA Registered Kuehne + Nagel International AG Registered Nestle SA Registered Partners Group Holding AG Roche Holding AG Schindler Holding AG Participation Certificates Schindler Holding AG Registered SGS SA Registered Sika AG Bearer Swiss Life Holding AG Registered Swiss Re AG

5,658 348 444 30 174 24 264 5,220 126 2,148 168 78 24 6 108 1,230

119,712 56,275 28,604 14,843 66,859 47,324 38,064 389,390 51,925 543,443 30,620 14,347 52,858 25,559 27,279 109,205

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Swisscom AG Registered Syngenta AG Registered Zurich Insurance Group AG UNITED KINGDOM — 27.14% Aberdeen Asset Management PLC Admiral Group PLC Aggreko PLC ARM Holdings PLC Associated British Foods PLC AstraZeneca PLC Babcock International Group PLC BAE Systems PLC BHP Billiton PLC British American Tobacco PLC British Land Co. PLC (The) Bunzl PLC Burberry Group PLC Capita PLC Centrica PLC Cobham PLC Compass Group PLC Croda International PLC Diageo PLC Direct Line Insurance Group PLC easyJet PLC Experian PLC GKN PLC Hargreaves Lansdown PLC ICAP PLC IMI PLC Imperial Brands PLC Intertek Group PLC ITV PLC Johnson Matthey PLC Legal & General Group PLC London Stock Exchange Group PLC Marks & Spencer Group PLC Meggitt PLC Mondi PLC National Grid PLC Next PLC Old Mutual PLC Persimmon PLC Petrofac Ltd.

134

Shares

Value

144 $ 73,089 228 91,343 154,557 690 1,935,296 6,066 1,590 606 4,878 492 3,504 630 10,572 3,810 3,492 3,198 1,386 2,142 2,016 16,806 2,952 7,644 510 4,572 6,006 612 2,808 8,568 2,028 3,036 1,206 1,956 540 22,596 486 29,538 1,386 5,268 1,836 943 9,594 480 17,778 1,308 936

26,543 43,253 9,650 66,992 22,083 201,625 8,744 73,919 52,079 213,314 33,683 41,399 37,309 29,562 58,692 6,660 136,500 22,495 123,636 31,841 13,206 51,459 34,980 38,205 20,836 16,518 106,548 25,764 74,543 20,554 96,536 55,084 32,682 11,046 18,069 137,001 35,755 48,310 38,073 11,586

Security

Shares

Provident Financial PLC Prudential PLC Reckitt Benckiser Group PLC RELX PLC Rexam PLC Rio Tinto PLC Rolls-Royce Holdings PLC Rolls-Royce Holdings PLC Newb Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B SABMiller PLC Sage Group PLC (The) Schroders PLC Shire PLC Smith & Nephew PLC Smiths Group PLC Sports Direct International PLCb St. James’s Place PLC Tate & Lyle PLC Travis Perkins PLC Unilever PLC Weir Group PLC (The) Whitbread PLC William Hill PLC Wolseley PLC

792 12,804 1,416 6,962 1,806 2,916 5,340 379,140 12,510 13,298 1,500 4,902 696 2,087 2,196 1,182 966 2,520 618 606 3,042 468 707 2,976 786

TOTAL COMMON STOCKS (Cost: $14,714,445)

Value $

33,808 252,745 138,024 123,404 16,535 98,269 52,372 555 326,110 347,917 91,959 42,511 25,632 130,269 37,188 19,185 5,451 32,006 5,323 16,405 136,116 8,227 40,102 13,632 43,995 4,164,474

15,192,243

PREFERRED STOCKS — 0.25% GERMANY — 0.25% Fuchs Petrolub SE Henkel AG & Co. KGaA

240 252

TOTAL PREFERRED STOCKS (Cost: $37,398)

10,268 28,771 39,039 39,039

SHORT-TERM INVESTMENTS — 0.17% MONEY MARKET FUNDS — 0.17% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%d,e,f BlackRock Cash Funds: Prime, SL Agency Shares 0.49%d,e,f

22,473

22,473

1,226

1,226

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April 30, 2016 Security BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%d,e

Shares 1,711

TOTAL SHORT-TERM INVESTMENTS (Cost: $25,410)

TOTAL INVESTMENTS IN SECURITIES — 99.44% (Cost: $14,777,253) Other Assets, Less Liabilities — 0.56% NET ASSETS — 100.00%

Value $

1,711 25,410 25,410

15,256,692 85,908 $15,342,600

ADR — American Depositary Receipts a b c

d e f

All or a portion of this security represents a security on loan. See Note 1. Non-income earning security. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Security

Shares

Value

COMMON STOCKS — 98.82%

AUSTRALIA — 9.91% AGL Energy Ltd. Alumina Ltd. Amcor Ltd./Australia AMP Ltd. APA Group Aristocrat Leisure Ltd. Asciano Ltd. ASX Ltd. Aurizon Holdings Ltd. AusNet Services Australia & New Zealand Banking Group Ltd. Bank of Queensland Ltd. Bendigo & Adelaide Bank Ltd. BHP Billiton Ltd. Boral Ltd. Brambles Ltd. Caltex Australia Ltd. CIMIC Group Ltd. Coca-Cola Amatil Ltd. Cochlear Ltd. Commonwealth Bank of Australia Computershare Ltd. Crown Resorts Ltd. CSL Ltd. Dexus Property Group DUET Group Flight Centre Travel Group Ltd.a Goodman Group GPT Group (The) Harvey Norman Holdings Ltd. Healthscope Ltd. Iluka Resources Ltd. Incitec Pivot Ltd. Insurance Australia Group Ltd. James Hardie Industries PLC LendLease Group Macquarie Group Ltd. Medibank Pvt Ltd. Mirvac Group National Australia Bank Ltd. Newcrest Mining Ltd.b Oil Search Ltd.

136

787 $10,985 3,980 4,541 782 9,190 1,253 5,623 1,435 9,582 641 4,892 892 6,011 400 13,349 1,911 6,227 5,265 6,168 384 7,112 534 4,585 767 5,455 470 7,417 1,086 5,337 1,249 11,896 159 3,944 147 4,015 896 5,881 91 7,502 187 10,545 643 4,961 520 4,687 85 6,823 1,358 8,726 2,387 4,099 95 2,850 1,695 8,912 3,171 12,172 1,426 4,875 1,357 2,817 588 2,885 1,521 3,738 1,802 7,935 380 5,374 568 5,505 99 4,798 3,773 9,041 5,320 7,592 383 7,947 151 2,186 604 3,240

Security Orica Ltd. Origin Energy Ltd. Platinum Asset Management Ltd. QBE Insurance Group Ltd. Ramsay Health Care Ltd. REA Group Ltd. Rio Tinto Ltd. Santos Ltd. Scentre Group Seek Ltd. Sonic Healthcare Ltd. South32 Ltd.b Stockland Suncorp Group Ltd. Sydney Airport Tabcorp Holdings Ltd. Tatts Group Ltd. Telstra Corp. Ltd. TPG Telecom Ltd. Transurban Group Treasury Wine Estates Ltd. Vicinity Centres Vocus Communications Ltd. Wesfarmers Ltd. Westfield Corp. Westpac Banking Corp. Woodside Petroleum Ltd. Woolworths Ltd. AUSTRIA — 0.29% Andritz AG Erste Group Bank AGb OMV AG Voestalpine AG BELGIUM — 1.33% Ageas Anheuser-Busch InBev SA/NV Colruyt SA Delhaize Group Groupe Bruxelles Lambert SA KBC Groep NV Proximus SADP Solvay SA

Shares

Value

203 $ 2,370 1,232 5,162 703 3,251 288 2,451 156 7,732 96 3,730 190 7,475 994 3,641 3,411 12,209 239 2,986 521 7,721 3,207 4,063 2,505 8,354 899 8,576 2,037 10,586 1,744 5,896 2,972 8,551 2,851 11,662 437 3,572 2,228 19,689 609 4,332 4,690 11,883 1,313 8,647 323 10,543 1,539 11,862 367 8,696 290 6,272 469 7,914 481,246 74 104 148 75

4,146 2,992 4,443 2,704 14,285

126 47 121 32 152 52 192 53

4,944 5,819 6,968 3,355 13,428 2,920 6,460 5,358

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Telenet Group Holding NVb UCB SA Umicore SA CANADA — 12.61% Agnico Eagle Mines Ltd. Agrium Inc. Alimentation Couche-Tard Inc. Class B AltaGas Ltd. ARC Resources Ltd. Atco Ltd./Canada Class I Bank of Montreal Bank of Nova Scotia (The) BCE Inc. Bombardier Inc. Class Bb Brookfield Asset Management Inc. Class A CAE Inc. Cameco Corp. Canadian Imperial Bank of Commerce/Canada Canadian National Railway Co. Canadian Natural Resources Ltd. Canadian Pacific Railway Ltd. Canadian Tire Corp. Ltd. Class A Canadian Utilities Ltd. Class A Cenovus Energy Inc. CGI Group Inc. Class Ab CI Financial Corp. Constellation Software Inc./Canada Dollarama Inc. Empire Co. Ltd. Class A Enbridge Inc. Fairfax Financial Holdings Ltd. Finning International Inc. First Capital Realty Inc. Fortis Inc./Canada Franco-Nevada Corp. George Weston Ltd. Gildan Activewear Inc. Goldcorp Inc. Great-West Lifeco Inc. H&R REIT Husky Energy Inc.

Shares

Value

100 $ 4,971 69 5,164 108 5,384 64,771 146 6,913 59 5,093 95 4,171 164 3,993 173 2,924 282 9,226 261 17,032 320 16,810 394 18,508 1,201 1,812 316 10,696 715 8,471 204 2,557 166 13,430 119 7,340 154 4,633 27 3,902 100 10,911 389 11,208 247 3,922 136 6,223 404 8,960 17 $ 6,655 127 9,172 429 7,141 176 7,323 19 10,201 166 2,955 1,157 18,760 573 18,206 89 6,260 118 10,257 222 6,907 212 4,279 459 13,529 663 11,602 227 2,865

Security IGM Financial Inc. Imperial Oil Ltd. Industrial Alliance Insurance & Financial Services Inc. Intact Financial Corp. Jean Coutu Group PJC Inc. (The) Class A Keyera Corp. Loblaw Companies Ltd. Magna International Inc. Class A Manulife Financial Corp. Methanex Corp. Metro Inc. National Bank of Canada Onex Corp. Open Text Corp. Pembina Pipeline Corp. Peyto Exploration & Development Corp. Potash Corp. of Saskatchewan Inc. Power Corp. of Canada Power Financial Corp. Progressive Waste Solutions Ltd. Restaurant Brands International Inc. RioCan REIT Rogers Communications Inc. Class B Royal Bank of Canada Saputo Inc. Shaw Communications Inc. Class B Silver Wheaton Corp. Smart REIT SNC-Lavalin Group Inc. Sun Life Financial Inc. Suncor Energy Inc. TELUS Corp. Thomson Reuters Corp. Toronto-Dominion Bank (The) Tourmaline Oil Corp.b TransCanada Corp. Valeant Pharmaceuticals International Inc.b Vermilion Energy Inc. West Fraser Timber Co. Ltd. Yamana Gold Inc.

Shares

Value

242 $ 176 125 250 323 157 105 101 302 105 381 338 164 93 210 163 127 406 398 118 126 513 256 250 390 717 250 133 107 200 162 336 331 334 155 267 25 112 74 591

7,631 5,847

4,161 18,531 4,920 5,065 5,803 4,249 4,460 3,678 12,772 12,100 10,190 5,216 6,319 4,168 2,251 9,883 10,482 3,804 5,449 11,172 9,974 15,552 12,283 13,291 5,247 3,576 4,033 6,834 4,763 10,671 13,646 14,892 3,581 11,105 835 3,858 2,442 2,935 612,516

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April 30, 2016 Security

DENMARK — 1.61% AP Moeller — Maersk A/S Class A AP Moeller — Maersk A/S Class B Carlsberg A/S Class B Chr Hansen Holding A/S Coloplast A/S Class B Danske Bank A/S DSV A/S ISS A/S Novo Nordisk A/S Class B Novozymes A/S Class B TDC A/S Tryg A/S William Demant Holding A/Sb FINLAND — 1.00% Elisa OYJ Fortum OYJ Kone OYJ Class B Metso OYJ Neste OYJ Nokia OYJ Nokian Renkaat OYJ Orion OYJ Class B Sampo OYJ Class A Stora Enso OYJ Class R UPM-Kymmene OYJ Wartsila OYJ Abp FRANCE — 7.66% Accor SA Aeroports de Paris Air Liquide SA Airbus Group SE Alstom SAb ArcelorMittal Arkema SA Atos SE AXA SA BNP Paribas SA Bollore SA Bouygues SA Bureau Veritas SA Capgemini SA Carrefour SA

138

Shares

Value

3 $ 4,086 3 4,219 90 8,767 57 3,548 72 5,400 245 6,930 219 9,217 120 4,557 60 3,351 115 5,513 1,181 6,045 407 7,685 86 8,840 78,158 161 350 130 116 102 359 62 118 148 380 165 88

6,013 5,275 5,932 2,789 3,264 2,118 2,288 4,117 6,464 3,316 3,152 3,774 48,502

91 79 87 67 85 1,873 32 74 156 62 881 87 305 56 108

4,032 9,944 9,865 4,191 2,173 10,580 2,554 6,585 3,934 3,284 3,491 2,902 7,231 5,229 3,061

Security Casino Guichard Perrachon SA Christian Dior SE Cie. de Saint-Gobain Cie. Generale des Etablissements Michelin Class B CNP Assurances Credit Agricole SA Danone SA Dassault Systemes Edenred Electricite de France SA Engie SA Essilor International SA Eurazeo SA Eutelsat Communications SA Fonciere des Regions Gecina SA Groupe Eurotunnel SE Registered Hermes International ICADE Iliad SA Imerys SA Ingenico Group SA JCDecaux SA Kering Klepierre L’Oreal SA Lagardere SCA Legrand SA LVMH Moet Hennessy Louis Vuitton SE Natixis SA Numericable-SFR SA Orange SA Pernod Ricard SA Publicis Groupe SA Remy Cointreau SA Renault SA Rexel SA Safran SA Sanofi Schneider Electric SE SCOR SE SES SA Societe BIC SA

Shares

Value

74 $ 4,404 28 4,918 69 3,161 39 4,072 192 3,269 157 1,737 121 8,477 95 7,432 222 4,378 155 2,227 224 3,694 53 6,863 49 3,452 205 6,369 72 6,815 55 7,956 319 4,074 18 6,412 68 5,355 16 3,497 79 5,833 34 4,011 100 4,418 30 5,142 199 9,362 57 10,344 186 4,936 92 5,241 32 5,318 374 2,063 52 1,702 212 3,516 75 8,099 74 5,478 64 5,313 19 1,834 264 4,000 89 6,133 65 5,368 52 3,385 285 9,706 332 9,060 39 5,537

ˆ200F9Gq$mBM#25MZ_Š 200F9Gq$mBM#25MZ_

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April 30, 2016 Security

Societe Generale SA Sodexo SA STMicroelectronics NV Suez Environnement Co. Technip SA Thales SA Total SA Unibail-Rodamco SE Valeo SA Veolia Environnement SA Vinci SA Vivendi SA Wendel SA Zodiac Aerospace GERMANY — 4.87% adidas AG Allianz SE Registered Axel Springer SE BASF SE Bayer AG Registered Bayerische Motoren Werke AG Beiersdorf AG Brenntag AG Commerzbank AG Continental AG Daimler AG Registered Deutsche Bank AG Registered Deutsche Boerse AG Deutsche Lufthansa AG Registered Deutsche Post AG Registered Deutsche Telekom AG Registered Deutsche Wohnen AG Bearer E.ON SE Evonik Industries AG Fraport AG Frankfurt Airport Services Worldwide Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA GEA Group AG Hannover Rueck SE HeidelbergCement AG Henkel AG & Co. KGaA HUGO BOSS AG

Shares

Value

46 $ 1,805 85 8,586 2,728 444 188 3,467 2,868 49 8,215 95 117 5,887 6,968 26 18 2,854 3,612 147 100 7,472 5,605 292 5,200 45 140 3,283 371,967 49 23 90 54 21 39 48 114 310 16 42 248 91 178 153 184 236 462 127 107 60 73 107 61 58 38 52

6,319 3,905 5,026 4,462 2,423 3,596 4,308 6,687 2,897 3,515 2,920 4,678 7,472 2,765 4,493 3,221 7,229 4,767 4,024 6,478 5,206 5,311 4,962 6,957 5,154 3,862 3,317

Security Infineon Technologies AG Lanxess AG Linde AG MAN SE Merck KGaA METRO AG Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered Osram Licht AG ProSiebenSat.1 Media SE Registered QIAGEN NVb RTL Group SAb RWE AGb SAP SE Siemens AG Registered Symrise AG Telefonica Deutschland Holding AG ThyssenKrupp AG United Internet AG Registeredc Volkswagen AG Vonovia SE Zalando SEb,d HONG KONG — 5.10% AIA Group Ltd. ASM Pacific Technology Ltd. Bank of East Asia Ltd. (The)a BOC Hong Kong Holdings Ltd. Cathay Pacific Airways Ltd. Cheung Kong Infrastructure Holdings Ltd. Cheung Kong Property Holdings Ltd. CK Hutchison Holdings Ltd. CLP Holdings Ltd. First Pacific Co. Ltd./Hong Kong Hang Lung Properties Ltd. Hang Seng Bank Ltd. Henderson Land Development Co. Ltd. HK Electric Investments & HK Electric Investments Ltd.d HKT Trust & HKT Ltd. Hong Kong & China Gas Co. Ltd. Hong Kong Exchanges and Clearing Ltd. Hongkong Land Holdings Ltd.

Shares

Value

361 $ 5,137 53 2,772 53 8,098 125 13,565 43 4,042 114 3,623 38 67 104 261 46 357 62 58 117 598 229 96 17 173 65

7,049 3,497 5,303 5,850 3,844 5,334 4,852 6,053 7,754 3,037 5,327 4,688 2,694 5,823 2,155 236,451

1,000 400 1,800 2,500 2,000 1,000 500 500 2,000 6,000 1,000 800 1,000

6,020 2,888 6,555 7,493 3,197 9,456 3,432 5,994 18,499 3,806 1,996 14,541 6,252

8,500 4,000 5,000 100 900

7,648 5,796 9,333 2,531 5,715

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April 30, 2016 Security

Hysan Development Co. Ltd. Kerry Properties Ltd. Li & Fung Ltd. Link REIT Melco Crown Entertainment Ltd. ADR MGM China Holdings Ltd. MTR Corp. Ltd. New World Development Co. Ltd. NWS Holdings Ltd. PCCW Ltd. Power Assets Holdings Ltd. Shangri-La Asia Ltd. Sino Land Co. Ltd. SJM Holdings Ltd. Sun Hung Kai Properties Ltd. Swire Pacific Ltd. Class A Swire Properties Ltd. Techtronic Industries Co. Ltd. Wharf Holdings Ltd. (The) Wheelock & Co. Ltd. Wynn Macau Ltd. Yue Yuen Industrial Holdings Ltd. IRELAND — 0.47% CRH PLC Kerry Group PLC Class A Paddy Power Betfair PLC Ryanair Holdings PLC ADR ISRAEL — 1.39% Azrieli Group Ltd. Bank Hapoalim BM Bank Leumi le-Israel BMb Bezeq The Israeli Telecommunication Corp. Ltd. Check Point Software Technologies Ltd.b Delek Group Ltd. Israel Chemicals Ltd. Mizrahi Tefahot Bank Ltd. Mobileye NVb NICE-Systems Ltd. Taro Pharmaceutical Industries Ltd.b Teva Pharmaceutical Industries Ltd.

140

Shares

Value

2,000 $ 8,856 1,500 4,090 2,480 4,000 1,500 9,117 2,516 170 2,810 2,000 3,000 14,851 2,993 3,000 3,000 4,571 6,781 10,000 1,000 9,533 4,894 4,000 3,151 2,000 3,000 2,019 12,640 1,000 1,000 10,874 4,687 1,800 3,758 1,000 5,427 1,000 4,641 1,000 1,600 2,290 3,648 1,000 247,779 116 100 57 36

3,371 8,919 7,641 2,914 22,845

187 1,518 2,196 1,759 97 15 704 665 113 81 31 82

7,435 7,817 8,095 3,756 8,038 2,669 3,497 7,714 4,311 5,217 4,332 4,616 67,497

Security ITALY — 1.52% Assicurazioni Generali SpA Atlantia SpA CNH Industrial NV Enel SpA Eni SpA EXOR SpA Luxottica Group SpA Prysmian SpA Snam SpA Telecom Italia SpA/Milanoa,b Tenaris SA Terna Rete Elettrica Nazionale SpA UniCredit SpA JAPAN — 20.19% ABC-Mart Inc. Aeon Co. Ltd. AEON Financial Service Co. Ltd. Aisin Seiki Co. Ltd. Ajinomoto Co. Inc. Alfresa Holdings Corp. Amada Holdings Co. Ltd. ANA Holdings Inc. Aozora Bank Ltd. Asahi Glass Co. Ltd. Asahi Group Holdings Ltd. Asahi Kasei Corp. ASICS Corp. Astellas Pharma Inc. Bandai Namco Holdings Inc. Benesse Holdings Inc. Bridgestone Corp. Calbee Inc. Canon Inc. Casio Computer Co. Ltd. Chubu Electric Power Co. Inc. Chugai Pharmaceutical Co. Ltd. Chugoku Bank Ltd. (The) Citizen Holdings Co. Ltd. Concordia Financial Group Ltd.b Credit Saison Co. Ltd. Daihatsu Motor Co. Ltd. Daiichi Sankyo Co. Ltd.

Shares

Value

236 $ 3,600 198 5,515 671 5,149 1,348 6,111 291 4,733 116 4,358 107 5,830 202 4,764 1,695 10,347 2,064 2,009 410 5,532 2,128 12,001 1,006 3,888 73,837 100 400 100 100 200 300 200 2,000 1,000 1,000 200 1,000 100 400 200 200 100 100 100 100 300 100 300 700 1,200 100 300 300

6,692 6,144 2,314 4,047 4,776 5,995 2,080 5,757 3,654 6,066 6,559 7,100 2,066 5,597 4,374 5,804 3,847 4,042 2,909 1,977 4,067 3,514 3,219 4,082 5,747 1,905 4,206 7,293

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April 30, 2016 Security

Daiwa House Industry Co. Ltd. Denso Corp. Dentsu Inc. Eisai Co. Ltd. Electric Power Development Co. Ltd. FamilyMart Co. Ltd. Fuji Electric Co. Ltd. Fuji Heavy Industries Ltd. FUJIFILM Holdings Corp. Fukuoka Financial Group Inc. Hakuhodo DY Holdings Inc. Hamamatsu Photonics KK Hankyu Hanshin Holdings Inc. Hino Motors Ltd. Hisamitsu Pharmaceutical Co. Inc. Hitachi Chemical Co. Ltd. Hitachi High-Technologies Corp. Hokuhoku Financial Group Inc. Hokuriku Electric Power Co. Honda Motor Co. Ltd. Hoya Corp. Idemitsu Kosan Co. Ltd. IHI Corp. INPEX Corp. Isetan Mitsukoshi Holdings Ltd. Isuzu Motors Ltd. ITOCHU Corp. Itochu Techno-Solutions Corp. Iyo Bank Ltd. (The) J Front Retailing Co. Ltd. Japan Airlines Co. Ltd. Japan Post Bank Co. Ltd. Japan Post Holdings Co. Ltd. Japan Prime Realty Investment Corp. Japan Real Estate Investment Corp. Japan Retail Fund Investment Corp. Japan Tobacco Inc. JFE Holdings Inc. Joyo Bank Ltd. (The) JSR Corp. JX Holdings Inc. Kajima Corp. Kamigumi Co. Ltd. Kaneka Corp. Kao Corp.

Shares

Value

200 $5,539 100 3,973 100 5,299 100 6,388 100 3,098 100 5,411 1,000 4,439 100 3,473 100 4,270 1,000 3,533 400 4,703 100 2,883 1,000 6,496 200 2,023 100 4,888 200 3,507 100 2,823 2,000 2,617 300 4,026 100 2,797 100 3,982 300 6,606 2,000 4,580 600 4,981 200 2,213 300 3,352 400 5,290 200 4,038 500 3,421 200 2,507 100 3,695 200 2,514 200 2,776 1 4,472 1 6,299 2 4,974 100 4,234 200 2,952 1,000 3,617 200 2,843 1,100 4,838 1,000 6,402 1,000 9,328 1,000 8,711 100 5,716

Security KDDI Corp. Keihan Holdings Co. Ltd. Keikyu Corp. Keio Corp. Kintetsu Group Holdings Co. Ltd. Kirin Holdings Co. Ltd. Koito Manufacturing Co. Ltd. Komatsu Ltd. Konami Holdings Corp. Konica Minolta Inc. Kose Corp. Kuraray Co. Ltd. Kurita Water Industries Ltd. Kyocera Corp. Kyushu Financial Group Inc. Lawson Inc. LIXIL Group Corp. Mabuchi Motor Co. Ltd. Marubeni Corp. Marui Group Co. Ltd. Maruichi Steel Tube Ltd. McDonald’s Holdings Co. Japan Ltd. Medipal Holdings Corp. Miraca Holdings Inc. Mitsubishi Chemical Holdings Corp. Mitsubishi Corp. Mitsubishi Materials Corp. Mitsubishi Tanabe Pharma Corp. Mitsubishi UFJ Financial Group Inc. Mitsubishi UFJ Lease & Finance Co. Ltd. Mitsui & Co. Ltd. Mitsui Chemicals Inc. Mitsui OSK Lines Ltd. Mizuho Financial Group Inc. MS&AD Insurance Group Holdings Inc. Nabtesco Corp. Nagoya Railroad Co. Ltd. NGK Spark Plug Co. Ltd. NHK Spring Co. Ltd. Nidec Corp. Nikon Corp. Nippon Building Fund Inc. Nippon Express Co. Ltd. Nippon Paint Holdings Co. Ltd. Nippon Steel & Sumitomo Metal Corp.

Shares

Value

200 $ 5,924 1,000 7,402 1,000 9,281 1,000 9,066 2,000 8,412 500 7,437 100 4,524 200 3,564 200 6,421 300 2,714 100 9,589 300 3,942 200 4,939 100 5,115 1,000 5,439 100 7,944 100 2,151 100 5,253 1,000 5,478 200 3,165 200 6,000 500 12,468 300 4,932 100 4,397 400 2,175 300 5,224 1,000 3,299 400 7,339 700 3,403 700 3,180 400 5,015 1,000 3,477 1,000 2,215 2,800 4,391 100 2,774 200 4,688 2,000 10,318 100 2,104 200 1,843 100 7,650 200 3,011 1 6,411 1,000 4,757 100 2,759 100 2,186

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April 30, 2016 Security

Nippon Telegraph & Telephone Corp. Nippon Yusen KK Nissan Motor Co. Ltd. Nisshin Seifun Group Inc. Nissin Foods Holdings Co. Ltd. NOK Corp. Nomura Holdings Inc. Nomura Real Estate Holdings Inc. Nomura Real Estate Master Fund Inc. Nomura Research Institute Ltd. NTT Data Corp. NTT DOCOMO Inc. NTT Urban Development Corp. Olympus Corp. Omron Corp. Oracle Corp. Japan Oriental Land Co. Ltd./Japan ORIX Corp. Osaka Gas Co. Ltd. Otsuka Corp. Otsuka Holdings Co. Ltd. Park24 Co. Ltd. Recruit Holdings Co. Ltd. Resona Holdings Inc. Ricoh Co. Ltd. Rinnai Corp. Sankyo Co. Ltd. Sanrio Co. Ltd. Santen Pharmaceutical Co. Ltd. Secom Co. Ltd. Sega Sammy Holdings Inc. Seibu Holdings Inc. Sekisui House Ltd. Seven & I Holdings Co. Ltd. Seven Bank Ltd. Shin-Etsu Chemical Co. Ltd. Shionogi & Co. Ltd. Shiseido Co. Ltd. Showa Shell Sekiyu KK Sompo Japan Nipponkoa Holdings Inc. Sony Corp. Sony Financial Holdings Inc. Stanley Electric Co. Ltd. Sumitomo Corp. Sumitomo Dainippon Pharma Co. Ltd.

142

Shares

Value

100 $ 4,546 1,000 2,028 400 3,738 500 8,407 100 4,748 200 3,488 600 2,686 200 3,783 5 7,940 100 3,636 100 5,365 300 7,282 300 2,927 100 4,061 100 3,327 100 5,524 100 7,103 200 2,966 2,000 7,417 100 4,972 200 8,030 300 8,650 100 3,192 1,200 4,410 200 2,120 100 9,131 100 3,897 100 2,024 300 4,475 200 15,786 300 3,370 100 2,183 300 5,416 100 4,246 900 3,962 100 5,797 100 5,274 200 4,645 300 3,219 100 2,748 100 2,596 200 2,598 100 2,142 600 6,561 200 2,660

Security Sumitomo Electric Industries Ltd. Sumitomo Mitsui Financial Group Inc. Sumitomo Rubber Industries Ltd. Suntory Beverage & Food Ltd. Suruga Bank Ltd. Suzuken Co. Ltd./Aichi Japan Suzuki Motor Corp. Sysmex Corp. Taiheiyo Cement Corp. Taisho Pharmaceutical Holdings Co. Ltd. Taiyo Nippon Sanso Corp. Takeda Pharmaceutical Co. Ltd. Teijin Ltd. Terumo Corp. THK Co. Ltd. Tobu Railway Co. Ltd. Toho Co. Ltd./Tokyo Toho Gas Co. Ltd. Tokio Marine Holdings Inc. Tokyo Electron Ltd. Tokyo Gas Co. Ltd. Tokyu Corp. TonenGeneral Sekiyu KK Toppan Printing Co. Ltd. Toray Industries Inc. Toshiba Corp.a,b Toyo Seikan Group Holdings Ltd. Toyo Suisan Kaisha Ltd. Toyoda Gosei Co. Ltd. Toyota Industries Corp. Toyota Motor Corp. Toyota Tsusho Corp. Trend Micro Inc./Japan Unicharm Corp. United Urban Investment Corp. USS Co. Ltd. West Japan Railway Co. Yahoo Japan Corp. Yamaha Corp. Yamaha Motor Co. Ltd. Yamato Holdings Co. Ltd. Yokogawa Electric Corp. NETHERLANDS — 2.29% Aegon NV AerCap Holdings NVb

Shares

Value

300 $ 3,771 100 3,190 200 3,178 100 4,477 200 4,038 100 3,575 100 2,874 100 6,542 1,000 2,729 100 8,412 200 1,920 200 9,836 1,000 3,710 100 3,949 100 2,048 1,000 5,253 200 5,253 1,000 7,010 100 3,448 100 6,926 2,000 9,068 1,000 8,870 1,000 9,785 1,000 8,851 1,000 8,661 2,000 4,393 200 4,103 200 7,290 100 1,917 100 4,547 100 5,284 100 2,355 100 3,911 300 6,428 4 6,995 200 3,279 100 6,241 700 3,245 100 2,991 100 1,730 200 4,167 300 3,381 980,843 633 80

3,634 3,201

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April 30, 2016 Security

Akzo Nobel NV Altice NV Class Aa,b Altice NV Class Bb ASML Holding NV Boskalis Westminster Gemalto NV Heineken Holding NV Heineken NV ING Groep NV CVA Koninklijke Ahold NV Koninklijke DSM NV Koninklijke Philips NV Koninklijke Vopak NV NN Group NV NXP Semiconductors NVb OCI NVb Randstad Holding NV RELX NV TNT Express NVb Unilever NV CVA Wolters Kluwer NV

Shares

Value

64 $ 4,537 490 7,436 2,660 174 44 4,253 4,378 105 2,472 38 71 5,862 4,500 48 226 2,768 5,571 256 113 6,932 5,113 186 4,565 84 181 6,273 3,326 39 174 3,441 3,922 73 10,272 612 2,406 265 4,130 94 254 9,669 111,321

NEW ZEALAND — 1.31% Auckland International Airport Ltd. Contact Energy Ltd. Fletcher Building Ltd. Meridian Energy Ltd. Mighty River Power Ltd. Ryman Healthcare Ltd. Spark New Zealand Ltd.

3,613 3,218 1,052 4,362 3,407 1,296 2,681

15,537 11,431 6,135 8,083 7,195 8,092 6,955 63,428

NORWAY — 0.88% DNB ASA Gjensidige Forsikring ASA Norsk Hydro ASA Orkla ASA Schibsted ASA Statoil ASA Telenor ASA Yara International ASA

346 419 1,413 1,045 70 291 289 91

4,430 7,176 6,147 9,123 2,042 5,143 4,974 3,643 42,678

48,141 307

2,134 4,218

PORTUGAL — 0.21% Banco Comercial Portugues SA Registeredb Galp Energia SGPS SA

Security Jeronimo Martins SGPS SA SINGAPORE — 4.95% Ascendas REIT CapitaLand Commercial Trust Ltd. CapitaLand Ltd. CapitaLand Mall Trust City Developments Ltd. ComfortDelGro Corp. Ltd. DBS Group Holdings Ltd. Genting Singapore PLC Global Logistic Properties Ltd. Golden Agri-Resources Ltd. Hutchison Port Holdings Trust Jardine Cycle & Carriage Ltd. Jardine Matheson Holdings Ltd. Keppel Corp. Ltd. Noble Group Ltd.a,b Oversea-Chinese Banking Corp. Ltd. SembCorp Industries Ltd. Sembcorp Marine Ltda Singapore Airlines Ltd. Singapore Exchange Ltd. Singapore Technologies Engineering Ltd. Singapore Telecommunications Ltd. StarHub Ltd. Suntec REIT United Overseas Bank Ltd. UOL Group Ltd. Wilmar International Ltd. Yangzijiang Shipbuilding Holdings Ltd.a SPAIN — 2.14% Abertis Infraestructuras SA ACS Actividades de Construccion y Servicios SA Aena SAb,d Amadeus IT Holding SA Class A Banco Bilbao Vizcaya Argentaria SA Banco de Sabadell SA Banco de Sabadell SA Newb Banco Popular Espanol SA Banco Santander SA

Shares

Value

240 $

3,928 10,280

6,225 10,000 3,700 8,600 1,200 3,800 800 10,400 4,500 16,900 11,800 111 100 2,000 9,400 2,000 3,700 4,700 1,600 2,200 4,200 3,300 4,800 9,300 600 1,700 4,700 5,800

11,394 10,640 8,561 13,245 7,446 8,171 9,095 6,306 6,412 5,030 5,251 3,190 5,530 8,035 3,217 13,050 7,956 5,840 13,690 12,325 10,062 9,477 11,821 11,659 8,303 7,766 12,974 4,272 240,718

386 151 29 163 646 1,575 45 791 1,072

6,510 4,994 4,137 7,419 4,427 3,011 86 2,152 5,428

143

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April 30, 2016 Security

CaixaBank SA Distribuidora Internacional de Alimentacion SAa Endesa SA Ferrovial SA Gas Natural SDG SA Grifols SA Iberdrola SA Industria de Diseno Textil SA International Consolidated Airlines Group SA Mapfre SA Repsol SA Telefonica SA Zardoya Otis SA SWEDEN — 3.22% Alfa Laval AB Assa Abloy AB Atlas Copco AB Class A Atlas Copco AB Class B Boliden AB Electrolux AB Class B Getinge AB Class B Hennes & Mauritz AB Class B Hexagon AB Class B Husqvarna AB Class B ICA Gruppen AB Industrivarden AB Class C Investment AB Kinnevik Class B Investor AB Class B Lundin Petroleum ABb Millicom International Cellular SA SDR Nordea Bank AB Sandvik AB Securitas AB Class B Skandinaviska Enskilda Banken AB Class A Skanska AB Class B SKF AB Class B Svenska Cellulosa AB SCA Class B Svenska Handelsbanken AB Class A Swedbank AB Class A Swedish Match AB

144

Shares

Value

1,336 $ 4,023 498 2,764 5,523 263 400 8,608 5,888 283 3,655 168 823 5,848 6,422 200 366 2,815 3,686 1,453 588 7,708 4,395 403 4,608 434 104,107 284 321 192 193 181 103 136 199 133 463 119 413 104 187 281 59 552 472 446 560 377 284 215 508 253 189

4,482 6,738 4,973 4,636 3,159 2,991 2,879 7,082 5,308 3,694 3,912 7,526 2,995 6,869 5,268 3,412 5,364 4,848 7,049 5,354 8,299 5,236 6,778 6,769 5,462 6,000

Security Tele2 AB Class B Telefonaktiebolaget LM Ericsson Class B Telia Co. AB Volvo AB Class B SWITZERLAND — 5.03% ABB Ltd. Registered Actelion Ltd. Registered Adecco SA Registered Aryzta AG Baloise Holding AG Registered Barry Callebaut AG Registered Chocoladefabriken Lindt & Sprungli AG Participation Certificates Cie. Financiere Richemont SA Class A Registered Credit Suisse Group AG Registered Dufry AG Registeredb EMS-Chemie Holding AG Registered Galenica AG Registered Geberit AG Registered Givaudan SA Registered Julius Baer Group Ltd. Kuehne + Nagel International AG Registered LafargeHolcim Ltd. Registered Lonza Group AG Registered Nestle SA Registered Novartis AG Registered Pargesa Holding SA Bearer Partners Group Holding AG Roche Holding AG Schindler Holding AG Participation Certificates Schindler Holding AG Registered SGS SA Registered Sika AG Bearer Sonova Holding AG Registered Sulzer AG Registered Swatch Group AG (The) Bearer Swatch Group AG (The) Registered Swiss Life Holding AG Registered Swiss Prime Site AG Registered Swiss Re AG

Shares

Value

540 $ 5,156 507 4,108 1,451 6,936 285 3,339 156,622 269 23 63 75 59 7

5,692 3,719 4,059 2,915 7,307 8,231

4 47 188 46 12 2 22 4 97 42 119 22 68 60 112 15 15 44 64 5 1 41 19 13 45 18 164 91

24,497 3,128 2,858 6,057 5,937 2,925 8,453 7,887 4,150 6,056 6,030 3,663 5,072 4,582 7,788 6,182 3,795 8,020 11,772 11,012 4,260 5,484 1,735 4,443 3,009 4,546 14,381 8,079

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BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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April 30, 2016 Security

Swisscom AG Registered Syngenta AG Registered UBS Group AG Zurich Insurance Group AG UNITED KINGDOM — 10.84% 3i Group PLC Aberdeen Asset Management PLC Admiral Group PLC Aggreko PLC Antofagasta PLC ARM Holdings PLC Ashtead Group PLC Associated British Foods PLC AstraZeneca PLC Aviva PLC Babcock International Group PLC BAE Systems PLC Barclays PLC Barratt Developments PLC Berkeley Group Holdings PLC BHP Billiton PLC BP PLC British American Tobacco PLC British Land Co. PLC (The) BT Group PLC Bunzl PLC Burberry Group PLC Capita PLC Carnival PLC Centrica PLC Cobham PLC Coca-Cola HBC AGb Compass Group PLC Croda International PLC Diageo PLC Direct Line Insurance Group PLC Dixons Carphone PLC easyJet PLC Experian PLC G4S PLC GKN PLC GlaxoSmithKline PLC Hammerson PLC

Shares

Value

24 $ 12,182 13 5,208 3,672 212 26 5,824 244,610 611 422 257 134 287 167 160 116 87 586 387 922 653 316 73 194 1,041 168 629 936 352 141 433 94 1,570 1,244 193 657 127 358 862 437 123 357 1,117 691 409 764

4,239 1,846 6,991 2,134 2,031 2,293 2,127 5,207 5,006 3,712 5,372 6,447 1,641 2,465 3,203 2,652 5,700 10,262 6,625 6,077 10,514 2,456 6,349 4,678 5,483 2,806 3,958 11,732 5,602 9,681 4,570 2,722 2,654 6,542 3,083 2,821 8,741 6,542

Security Hargreaves Lansdown PLC HSBC Holdings PLC ICAP PLC IMI PLC Imperial Brands PLC Inmarsat PLC InterContinental Hotels Group PLC Intertek Group PLC Intu Properties PLC Investec PLC ITV PLC J Sainsbury PLC Johnson Matthey PLC Kingfisher PLC Land Securities Group PLC Legal & General Group PLC Lloyds Banking Group PLC London Stock Exchange Group PLC Marks & Spencer Group PLC Mediclinic International PLC Meggitt PLC Merlin Entertainments PLCd Mondi PLC National Grid PLC Next PLC Old Mutual PLC Pearson PLC Persimmon PLC Provident Financial PLC Prudential PLC Randgold Resources Ltd. Reckitt Benckiser Group PLC RELX PLC Rexam PLC Rio Tinto PLC Rolls-Royce Holdings PLC Rolls-Royce Holdings PLC Newb Royal Bank of Scotland Group PLCb Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B Royal Mail PLC RSA Insurance Group PLC SABMiller PLC Sage Group PLC (The) Schroders PLC Segro PLC Severn Trent PLC Shire PLC

Shares

Value

142 $ 2,675 875 5,800 370 2,539 242 3,315 161 8,770 385 5,242 143 5,717 152 7,252 1,583 7,057 515 3,946 1,015 3,348 1,210 5,121 97 4,102 893 4,760 419 6,948 1,524 4,981 3,275 3,218 121 4,809 538 3,338 507 6,721 700 4,211 434 2,743 170 3,257 873 12,466 82 6,108 1,636 4,446 308 3,632 107 3,114 23 982 209 4,126 32 3,174 113 11,015 569 10,086 596 5,457 87 2,932 328 3,217 23,288 34 579 1,951 259 6,752 232 6,070 550 3,923 683 4,593 136 8,338 688 5,966 99 3,646 1,038 6,351 168 5,481 31 1,935

145

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Sky PLC Smith & Nephew PLC Smiths Group PLC Sports Direct International PLCb SSE PLC St. James’s Place PLC Standard Chartered PLC Standard Life PLC Tate & Lyle PLC Taylor Wimpey PLC Tesco PLCb Travis Perkins PLC TUI AG Unilever PLC United Utilities Group PLC Vodafone Group PLC Weir Group PLC (The) Whitbread PLC William Hill PLC Wm Morrison Supermarkets PLC Wolseley PLC WPP PLC

Shares

Value

422 $ 450 414 436 367 238 309 611 473 1,084 1,074 161 176 232 460 1,665 132 76 608 1,765 87 301

TOTAL COMMON STOCKS (Cost: $4,956,874)

5,802 7,620 6,720 2,460 8,118 3,023 2,499 2,919 4,074 2,927 2,708 4,358 2,555 10,381 6,331 5,346 2,320 4,311 2,785 4,941 4,870 7,037 526,734

ITALY — 0.08% Intesa Sanpaolo SpA, 0.00% Telecom Italia SpA/Milano, 0.00% TOTAL PREFERRED STOCKS (Cost: $30,179)

146

MONEY MARKET FUNDS — 0.81% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f

907 2,050

2,385 1,609 3,994 29,195

Value

$

36,650

2,000

2,000

889

889 39,539

TOTAL INVESTMENTS IN SECURITIES — 100.23% (Cost: $5,026,592) Other Assets, Less Liabilities — (0.23)% NET ASSETS — 100.00%

39,539

4,869,929 (11,210) $4,858,719

ADR — American Depositary Receipts SDR — Swedish Depositary Receipts b

d

5,560 5,220 6,850 3,516 4,055 25,201

36,650

TOTAL SHORT-TERM INVESTMENTS (Cost: $39,539)

c

70 122 60 63 28

Shares

SHORT-TERM INVESTMENTS — 0.81%

a

4,801,195

PREFERRED STOCKS — 0.60% GERMANY — 0.52% Bayerische Motoren Werke AG Fuchs Petrolub SE Henkel AG & Co. KGaA Porsche Automobil Holding SE Volkswagen AG

Security

e f g

All or a portion of this security represents a security on loan. See Note 1. Non-income earning security. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Shares

Value

COMMON STOCKS — 98.04%

AUSTRALIA — 1.39% AGL Energy Ltd. Fortescue Metals Group Ltd.a Incitec Pivot Ltd. Newcrest Mining Ltd.b Origin Energy Ltd. Santos Ltd. Sonic Healthcare Ltd. South32 Ltd.b Treasury Wine Estates Ltd.

4,644 $ 64,821 57,803 22,212 17,964 44,144 107,361 7,416 21,870 5,220 10,682 2,916 3,024 44,817 51,102 64,737 127,514 17,928 543,749

AUSTRIA — 0.32% OMV AG Raiffeisen Bank International AGb Voestalpine AG

1,170 1,620 1,728

35,123 25,893 62,304 123,320

BELGIUM — 1.18% Ageas Delhaize Group

1,602 3,780

62,862 396,272 459,134

270 15,762 6,030 11,448 1,080 3,924 2,664 4,680 13,518 3,672 18,108

8,833 23,783 100,372 97,700 93,877 216,876 112,081 156,884 165,764 122,625 89,918 1,188,713

90 108 2,015 440

122,571 151,904 196,281 2,252 473,008

CANADA — 3.05% Atco Ltd./Canada Class I Bombardier Inc. Class Bb Empire Co. Ltd. Class A First Quantum Minerals Ltd. George Weston Ltd. Loblaw Companies Ltd. Magna International Inc. Class A Metro Inc. Teck Resources Ltd. Class B Valeant Pharmaceuticals International Inc.b Yamana Gold Inc. DENMARK — 1.21% AP Moeller — Maersk A/S Class A AP Moeller — Maersk A/S Class B Carlsberg A/S Class B TDC A/S

Security FINLAND — 0.57% Fortum OYJ Neste OYJ Stora Enso OYJ Class R UPM-Kymmene OYJ FRANCE — 12.55% ArcelorMittal Atos SE AXA SA BNP Paribas SA Casino Guichard Perrachon SA Cie. de Saint-Gobain Cie. Generale des Etablissements Michelin Class B CNP Assurances Credit Agricole SA Electricite de France SA Engie SA Lagardere SCA Orange SA Peugeot SAb Renault SA Rexel SA Sanofi SCOR SE Societe Generale SA STMicroelectronics NV Total SA GERMANY — 6.23% Allianz SE Registered Bayerische Motoren Werke AG Commerzbank AG Daimler AG Registered Deutsche Bank AG Registered Deutsche Lufthansa AG Registered E.ON SE HeidelbergCement AG K+S AG Registered Merck KGaA METRO AG

Shares

Value

1,926 $ 29,030 504 16,129 5,868 51,213 6,588 125,860 222,232 41,243 828 13,806 8,658 1,818 3,852

232,976 73,677 348,117 458,536 108,193 176,453

1,314 1,566 10,494 2,501 14,994 684 13,302 3,744 2,016 3,204 18,666 1,008 7,416 5,472 9,864

137,180 26,662 116,094 35,935 247,297 18,152 220,609 60,271 194,605 48,550 1,541,646 34,329 290,917 33,618 496,309 4,900,126

2,322 1,890 12,042 5,364 17,586 4,788 19,566 1,728 2,052 1,764 2,268

394,271 174,259 112,545 372,858 331,741 74,362 201,891 153,563 51,189 165,814 72,085

147

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Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered RWE AGb Volkswagen AG HONG KONG — 3.29% Bank of East Asia Ltd. (The)a BOC Hong Kong Holdings Ltd. Cathay Pacific Airways Ltd. Cheung Kong Property Holdings Ltd. CK Hutchison Holdings Ltd. Kerry Properties Ltd. MTR Corp. Ltd. New World Development Co. Ltd. NWS Holdings Ltd. PCCW Ltd. Sun Hung Kai Properties Ltd. WH Group Ltd.b,c Wharf Holdings Ltd. (The) Wheelock & Co. Ltd.

Shares

Value

1,080 $ 200,329 74,227 4,968 324 51,341 2,430,475 7,200 18,000 18,000 18,000 27,000 9,000 9,000 54,000 36,000 36,000 18,000 144,000 18,000 18,000

26,221 53,950 28,773 123,563 323,699 24,539 44,552 53,880 54,855 24,411 227,518 116,578 97,690 83,535 1,283,764

ISRAEL — 3.48% Bank Hapoalim BM Bank Leumi le-Israel BMb Bezeq The Israeli Telecommunication Corp. Ltd. Mizrahi Tefahot Bank Ltd. Teva Pharmaceutical Industries Ltd.

13,158 18,630

67,755 68,680

5,598 936 21,330

11,954 10,858 1,200,652 1,359,899

ITALY — 2.20% CNH Industrial NV Enel SpA Eni SpA Ferrari NVa,b Fiat Chrysler Automobiles NVa Mediobanca SpA Telecom Italia SpA/Milanoa,b UniCredit SpA Unione di Banche Italiane SpA UnipolSai SpA

7,740 54,702 11,178 974 8,154 4,284 71,028 26,316 6,642 10,242

59,395 247,980 181,799 43,864 65,468 35,205 69,149 101,696 28,163 23,907 856,626

148

Security JAPAN — 39.84% Aeon Co. Ltd. Aisin Seiki Co. Ltd. Alfresa Holdings Corp. Amada Holdings Co. Ltd. Asahi Glass Co. Ltd. Asahi Group Holdings Ltd. Asahi Kasei Corp. Bridgestone Corp. Brother Industries Ltd. Canon Inc. Central Japan Railway Co. Chubu Electric Power Co. Inc. Chugoku Bank Ltd. (The) Citizen Holdings Co. Ltd. Concordia Financial Group Ltd.b Dai-ichi Life Insurance Co. Ltd. (The) Daihatsu Motor Co. Ltd. Daiichi Sankyo Co. Ltd. Denso Corp. Electric Power Development Co. Ltd. FamilyMart Co. Ltd. Fuji Heavy Industries Ltd. FUJIFILM Holdings Corp. Fujitsu Ltd. GungHo Online Entertainment Inc.a Hino Motors Ltd. Hitachi Construction Machinery Co. Ltd. Hitachi Ltd. Honda Motor Co. Ltd. INPEX Corp. Isuzu Motors Ltd. ITOCHU Corp. Iyo Bank Ltd. (The) Japan Airlines Co. Ltd. Japan Tobacco Inc. JFE Holdings Inc. JSR Corp. JTEKT Corp. JX Holdings Inc. Kansai Electric Power Co. Inc. (The)b KDDI Corp. Kirin Holdings Co. Ltd. Kobe Steel Ltd.

Shares

Value

19,800 $304,139 1,800 72,845 3,600 71,936 3,600 37,448 18,000 109,183 5,400 177,098 18,000 127,806 3,600 138,489 3,600 42,966 9,000 261,769 1,800 326,959 5,400 73,206 1,800 19,313 3,600 20,995 5,400 25,861 5,400 69,093 1,800 25,235 10,800 262,543 1,800 71,515 1,800 55,769 1,800 97,406 3,600 125,030 5,400 230,596 18,000 65,745 3,600 9,690 3,600 36,405 1,300 21,481 54,000 260,222 12,600 352,404 7,200 59,770 5,400 60,336 32,400 428,487 1,800 12,315 3,600 133,004 16,200 685,883 10,800 159,434 1,800 25,588 3,600 48,148 21,100 92,805 5,400 49,319 9,000 266,564 12,600 187,419 72,000 72,676

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Shares

Value

Komatsu Ltd. Konica Minolta Inc. Kuraray Co. Ltd. Kyocera Corp. LIXIL Group Corp. Marubeni Corp. Mazda Motor Corp. Medipal Holdings Corp. Miraca Holdings Inc. Mitsubishi Chemical Holdings Corp. Mitsubishi Corp. Mitsubishi Heavy Industries Ltd. Mitsubishi Materials Corp. Mitsubishi Motors Corp. Mitsubishi Tanabe Pharma Corp. Mitsubishi UFJ Financial Group Inc. Mitsui & Co. Ltd. Mitsui Chemicals Inc. Mitsui OSK Lines Ltd. Mizuho Financial Group Inc. MS&AD Insurance Group Holdings Inc. NEC Corp. Nexon Co. Ltd. Nikon Corp. Nippon Steel & Sumitomo Metal Corp. Nippon Telegraph & Telephone Corp. Nippon Yusen KK Nissan Motor Co. Ltd. Nisshin Seifun Group Inc. Nomura Holdings Inc. NSK Ltd. NTT DOCOMO Inc. Oji Holdings Corp. ORIX Corp. Osaka Gas Co. Ltd. Otsuka Holdings Co. Ltd. Resona Holdings Inc. Ricoh Co. Ltd. Rohm Co. Ltd. SBI Holdings Inc./Japan Seiko Epson Corp. Sekisui Chemical Co. Ltd. Sekisui House Ltd. Seven & I Holdings Co. Ltd. Shinsei Bank Ltd.

9,000 $160,367 5,400 48,855 70,960 5,400 3,600 184,147 38,727 1,800 39,600 216,922 5,400 88,044 59,184 3,600 1,800 79,153 88,090 16,200 27,000 470,125 36,000 133,745 59,386 18,000 7,200 30,215 99,072 5,400 104,400 507,486 32,400 406,230 62,582 18,000 79,742 36,000 199,800 313,346 3,600 99,879 32,805 13,000 1,800 27,994 54,204 3,600 16,200 354,146 7,200 327,313 73,013 36,000 21,600 201,879 90,795 5,400 19,800 88,623 49,763 5,400 9,000 218,449 18,000 76,209 9,000 133,450 18,000 66,755 9,000 361,363 21,600 79,379 10,800 114,465 82,434 1,800 1,800 19,549 93,167 5,400 3,600 46,668 97,482 5,400 10,800 458,567 18,000 26,244

Security Sompo Japan Nipponkoa Holdings Inc. Sony Corp. Sumitomo Chemical Co. Ltd. Sumitomo Corp. Sumitomo Dainippon Pharma Co. Ltd. Sumitomo Electric Industries Ltd. Sumitomo Mitsui Financial Group Inc. Sumitomo Mitsui Trust Holdings Inc. Sumitomo Rubber Industries Ltd. Suzuken Co. Ltd./Aichi Japan Suzuki Motor Corp. T&D Holdings Inc. TDK Corp. Tohoku Electric Power Co. Inc. Tokio Marine Holdings Inc. Tokyo Electric Power Co. Holdings Inc.b Toshiba Corp.b Toyo Suisan Kaisha Ltd. Toyota Industries Corp. Toyota Motor Corp. Toyota Tsusho Corp. West Japan Railway Co. Yamada Denki Co. Ltd. Yamaha Motor Co. Ltd.

Shares

Value

1,800 $ 49,469 5,400 140,205 18,000 85,125 27,000 295,247 1,800 23,939 7,200 90,509 12,600 401,923 18,000 57,973 1,800 28,599 1,800 64,349 1,800 51,731 3,600 36,389 1,800 110,697 3,600 47,374 3,600 124,122 23,400 129,034 54,000 118,604 1,800 65,611 1,800 81,845 19,800 1,046,303 3,600 84,789 1,800 112,345 5,400 27,758 1,800 31,140 15,550,948

NETHERLANDS — 2.32% Aegon NV AerCap Holdings NVa,b ING Groep NV CVA Koninklijke Ahold NV NN Group NV

22,536 666 20,160 18,594 2,869

129,368 26,647 246,950 404,636 99,434 907,035

NORWAY — 0.90% DNB ASA Norsk Hydro ASA Statoil ASA Telenor ASA Yara International ASA

6,066 15,552 4,680 2,430 2,052

77,667 67,656 82,704 41,826 82,158 352,011

302,446

13,406 13,406

PORTUGAL — 0.03% Banco Comercial Portugues SA Registeredb

149

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SINGAPORE — 1.91% DBS Group Holdings Ltd. Golden Agri-Resources Ltd. Hutchison Port Holdings Trust Keppel Corp. Ltd. Noble Group Ltd.a,b Oversea-Chinese Banking Corp. Ltd.a SembCorp Industries Ltd. Singapore Airlines Ltd. UOL Group Ltd. Wilmar International Ltd. Yangzijiang Shipbuilding Holdings Ltd.a

Shares

Value

8,500 $ 96,633 98,568 331,200 43,200 19,224 79,551 19,800 27,106 79,200 10,800 70,470 30,963 14,400 7,200 61,605 16,446 3,600 75,600 208,680 37,124 50,400 746,370

SPAIN — 2.17% Banco de Sabadell SA Banco de Sabadell SA Newb Banco Popular Espanol SA Banco Santander SA Iberdrola SA International Consolidated Airlines Group SA Mapfre SA Repsol SA Telefonica SA

22,715 660 9,522 58,662 1,757 9,216 18,720 8,442 21,726

43,422 1,262 25,902 297,040 12,485 70,880 47,492 110,662 236,944 846,089

SWEDEN — 0.94% Boliden AB Getinge AB Class B Industrivarden AB Class C Telefonaktiebolaget LM Ericsson Class B Telia Co. AB

2,970 1,674 846 20,934 19,926

51,830 35,431 15,417 169,613 95,253 367,544

SWITZERLAND — 2.14% Aryzta AG Baloise Holding AG Registered Credit Suisse Group AG Registered Lonza Group AG Registered Swiss Life Holding AG Registered Swiss Re AG Zurich Insurance Group AG

1,620 432 11,466 540 378 2,304 684

62,958 53,498 174,293 89,915 95,476 204,560 153,213 833,913

150

Security

Shares

UNITED KINGDOM — 12.32% 3i Group PLC Anglo American PLC Barclays PLC Barratt Developments PLC BP PLC Glencore PLC HSBC Holdings PLC J Sainsbury PLC Lloyds Banking Group PLC Meggitt PLC Old Mutual PLC Pearson PLC Persimmon PLC Petrofac Ltd. Royal Bank of Scotland Group PLCb Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B Royal Mail PLC Standard Chartered PLC Tate & Lyle PLC Vodafone Group PLC Wm Morrison Supermarkets PLC

6,522 $ 24,588 150,822 4,662 86,814 83,322 122,418 58,698 263,646 8,658 22,518 3,150 1,530 612 24,408 21,168 11,124 7,830 26,010 5,256 128,772 81,371

TOTAL COMMON STOCKS (Cost: $35,825,544)

Value

45,248 274,969 378,911 36,366 475,312 198,833 811,469 248,416 259,035 52,090 61,190 37,146 44,535 7,576 82,237 551,806 291,039 55,848 210,362 45,273 413,495 227,792 4,808,948

38,267,310

PREFERRED STOCKS — 1.20% GERMANY — 1.05% Bayerische Motoren Werke AG Porsche Automobil Holding SE Volkswagen AG ITALY — 0.15% Intesa Sanpaolo SpA, 0.00% Telecom Italia SpA/Milano, 0.00% TOTAL PREFERRED STOCKS (Cost: $417,260) SHORT-TERM INVESTMENTS — 0.52%

450 1,962 1,836

35,743 109,505 265,907 411,155

6,498 54,216

17,088 42,536 59,624 470,779

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MONEY MARKET FUNDS — 0.52% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%d,e,f BlackRock Cash Funds: Prime, SL Agency Shares 0.49%d,e,f BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%d,e

Shares

190,587 $

10,399

896

896 201,882

TOTAL INVESTMENTS IN SECURITIES — 99.76% (Cost: $36,444,686) Other Assets, Less Liabilities — 0.24% NET ASSETS — 100.00%

b c

d e f

190,587

10,399

TOTAL SHORT-TERM INVESTMENTS (Cost: $201,882)

a

Value

201,882

38,939,971 92,166 $39,032,137

All or a portion of this security represents a security on loan. See Note 1. Non-income earning security. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Shares

Value

COMMON STOCKS — 99.48%

CHINA — 22.62% 58.com Inc. ADRa AAC Technologies Holdings Inc. Agricultural Bank of China Ltd. Class H Alibaba Group Holding Ltd. ADRa ANTA Sports Products Ltd. Baidu Inc.a Bank of China Ltd. Class H Bank of Communications Co. Ltd. Class H Beijing Capital International Airport Co. Ltd. Class H Beijing Enterprises Holdings Ltd. Beijing Enterprises Water Group Ltd. China Construction Bank Corp. Class H China Everbright Bank Co. Ltd. Class H China Huishan Dairy Holdings Co. Ltd.b China Life Insurance Co. Ltd. Class H China Medical System Holdings Ltd. China Mengniu Dairy Co. Ltd. China Merchants Holdings International Co. Ltd. China Minsheng Banking Corp. Ltd. Class H China Mobile Ltd. China Pacific Insurance Group Co. Ltd. Class H China Petroleum & Chemical Corp. Class H China Resources Beer Holdings Co. Ltd. China Resources Gas Group Ltd.b China Resources Power Holdings Co. Ltd. CITIC Ltd. COSCO Pacific Ltd. CSPC Pharmaceutical Group Ltd. Dalian Wanda Commercial Properties Co. Ltd. Class Hc Guangdong Investment Ltd.

152

99 $ 5,410 4,500 31,297 153,000 55,423 4,386 57 9,000 23,019 4,663 24 159,000 64,976 18,000 11,393 24,000 6,000 24,000 75,000 54,000 24,000 3,000 18,000 24,000 6,000 7,800 7,500 1,200 48,000 12,000 6,000 12,000 39,000 18,000 30,000

25,834 31,403 14,387 48,246 24,573 8,972 6,984 23,436 40,778 17,867 7,350 86,001 4,239 34,219 26,422 17,016 20,327 57,113 19,167 26,724

2,100 54,000

13,874 76,574

Security Haier Electronics Group Co. Ltd. Hanergy Thin Film Power Group Ltd.a,b Hengan International Group Co. Ltd. Huaneng Power International Inc. Class H Industrial & Commercial Bank of China Ltd. Class H Jiangsu Expressway Co. Ltd. Class H Lenovo Group Ltd. Luye Pharma Group Ltd.a Netease Inc. Ping An Insurance Group Co. of China Ltd. Class H Semiconductor Manufacturing International Corp.a Shandong Weigao Group Medical Polymer Co. Ltd. Class H Shanghai Pharmaceuticals Holding Co. Ltd. Class H Shenzhou International Group Holdings Ltd. Sino Biopharmaceutical Ltd. Sinopharm Group Co. Ltd. Class H Sun Art Retail Group Ltd. TAL Education Group Class A ADRa,b Tencent Holdings Ltd. Tingyi Cayman Islands Holding Corp. TravelSky Technology Ltd. Class H Tsingtao Brewery Co. Ltd. Class H Want Want China Holdings Ltd.b YY Inc. ADRa Zhejiang Expressway Co. Ltd. Class H ZTE Corp. Class H HONG KONG — 12.26% AIA Group Ltd. ASM Pacific Technology Ltd. Bank of East Asia Ltd. (The)b BOC Hong Kong Holdings Ltd. Cathay Pacific Airways Ltd. Cheung Kong Infrastructure Holdings Ltd.

Shares

Value

6,000 $ 23,000 6,000 6,000

10,133 — 53,989 4,308

90,000 42,000 48,000 25,500 210

48,845 55,334 38,179 17,751 29,547

1,500

7,087

234,000

19,306

12,000

7,224

13,500 12,000 54,000 3,600 76,500 588 4,500 12,000 6,000 6,000 27,000 156 60,000 7,640

28,715 62,187 38,426 15,454 57,396 34,022 92,179 14,031 11,184 22,740 20,814 9,800 61,414 11,937 1,604,075

7,800 600 7,200 6,000 6,000 12,000

46,958 4,331 26,221 17,983 9,591 113,469

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CLP Holdings Ltd. Hang Seng Bank Ltd. HKT Trust & HKT Ltd. Hong Kong & China Gas Co. Ltd. Link REIT MTR Corp. Ltd. Power Assets Holdings Ltd. Swire Pacific Ltd. Class A Yue Yuen Industrial Holdings Ltd.

Shares

Value

13,500 $124,868 5,700 103,607 30,660 21,160 46,680 87,135 9,117 1,500 24,000 118,806 10,500 100,097 65,243 6,000 3,000 10,945 869,031

INDIA — 4.89% Dr. Reddy’s Laboratories Ltd. ADR Infosys Ltd. ADR Wipro Ltd. ADRb

2,151 5,964 11,250

98,086 112,123 136,687 346,896

INDONESIA — 1.57% Bank Central Asia Tbk PT Kalbe Farma Tbk PT Telekomunikasi Indonesia Persero Tbk PT Unilever Indonesia Tbk PT

55,800 66,300 41,400 11,700

55,216 6,913 11,144 37,771 111,044

MALAYSIA — 8.73% Axiata Group Bhd DiGi.Com Bhd Hong Leong Bank Bhd IHH Healthcare Bhd Malayan Banking Bhd Maxis Bhd Petronas Gas Bhd Public Bank Bhd Sime Darby Bhd Telekom Malaysia Bhd Tenaga Nasional Bhd

42,000 19,800 28,200 61,500 41,100 47,700 3,900 19,200 2,100 20,700 5,400

60,745 22,301 97,164 103,117 93,952 68,378 21,944 91,908 4,139 35,238 19,850 618,736

PHILIPPINES — 4.96% Aboitiz Equity Ventures Inc. Aboitiz Power Corp. Ayala Corp. Bank of the Philippine Islands BDO Unibank Inc. International Container Terminal Services Inc.

8,700 36,600 180 37,200 33,330 18,690

12,320 35,048 2,960 71,802 71,085 25,910

Security Jollibee Foods Corp. Metro Pacific Investments Corp. Metropolitan Bank & Trust Co. Philippine Long Distance Telephone Co. Universal Robina Corp. SINGAPORE — 9.00% CapitaLand Mall Trustb ComfortDelGro Corp. Ltd. DBS Group Holdings Ltd. Hutchison Port Holdings Trust Oversea-Chinese Banking Corp. Ltd.b Singapore Airlines Ltd. Singapore Technologies Engineering Ltd. Singapore Telecommunications Ltd. StarHub Ltd.b United Overseas Bank Ltd. Wilmar International Ltd. SOUTH KOREA — 13.36% AmorePacific Corp. AmorePacific Group Cheil Worldwide Inc. CJ CheilJedang Corp. Coway Co. Ltd. Dongbu Insurance Co. Ltd. E-MART Inc. Hanwha Life Insurance Co. Ltd. Hyundai Department Store Co. Ltd. Hyundai Glovis Co. Ltd. Hyundai Marine & Fire Insurance Co. Ltd. Hyundai Mobis Co. Ltd. Kakao Corp. Kangwon Land Inc. KEPCO Plant Service & Engineering Co. Ltd. Kia Motors Corp. Korea Electric Power Corp. KT Corp. KT&G Corp. LG Display Co. Ltd. Lotte Shopping Co. Ltd. NAVER Corp. NCsoft Corp.

Shares

Value

12,510 $ 61,259 36,000 4,453 11,044 19,138 660 24,169 5,340 23,735 351,879 18,900 18,000 6,000 21,600 15,000 13,500 9,000 33,000 33,000 2,100 18,900

29,108 38,704 68,212 9,612 97,876 115,509 21,562 94,773 81,269 29,062 52,170 637,857

60 210 633 42 99 1,011 81 2,679 45 36 1,196 91 120 2,310 369 651 702 234 837 456 99 36 45

21,459 30,964 9,333 14,007 8,567 62,200 13,045 15,706 5,825 6,003 33,380 20,805 10,585 86,468 24,451 27,368 38,076 6,274 90,356 9,565 23,634 21,390 9,044

153

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April 30, 2016 Security

Orion Corp./Republic of Korea S-1 Corp. Samsung Electro-Mechanics Co. Ltd. Samsung Electronics Co. Ltd. Samsung Fire & Marine Insurance Co. Ltd. Samsung Life Insurance Co. Ltd. Samsung SDS Co. Ltd. SK Holdings Co. Ltd. SK Hynix Inc. SK Telecom Co. Ltd. Yuhan Corp. TAIWAN — 19.26% Advanced Semiconductor Engineering Inc. Advantech Co. Ltd. Asustek Computer Inc. Chang Hwa Commercial Bank Ltd. Chicony Electronics Co. Ltd. China Airlines Ltd.a Chunghwa Telecom Co. Ltd. Delta Electronics Inc. EVA Airways Corp.a Far EasTone Telecommunications Co. Ltd. First Financial Holding Co. Ltd. Formosa Taffeta Co. Ltd. Foxconn Technology Co. Ltd. Hon Hai Precision Industry Co. Ltd. HTC Corp. Hua Nan Financial Holdings Co. Ltd. Lite-On Technology Corp. MediaTek Inc. Mega Financial Holding Co. Ltd. Novatek Microelectronics Corp. President Chain Store Corp. Quanta Computer Inc. Simplo Technology Co. Ltd. Standard Foods Corp. Synnex Technology International Corp. Taiwan Business Banka Taiwan Cooperative Financial Holding Co. Ltd. Taiwan Mobile Co. Ltd.

154

Shares

Value

6 $ 4,897 552 45,104 2,469 54 12 13,112 69,011 267 79,189 824 42 6,285 11,796 60 876 21,643 65,991 365 154 39,466 947,468 48,000 3,596 6,000 72,021 18,080 36,000 39,000 6,000 6,589 33,000 147,530 9,000 21,847 24,804 3,000 190,949 45,310 3,000 33,000 3,000 6,000 9,000 3,000 10,194 33,000 82,796 249,527 24,000

45,168 25,421 52,739 37,626 43,444 11,776 131,802 27,904 3,269 74,486 72,272 8,260 45,112 59,293 7,664 92,653 55,210 21,393 23,430 10,511 42,508 14,510 10,139 24,748 32,792 21,358 110,246 79,248

Security Taiwan Semiconductor Manufacturing Co. Ltd. Transcend Information Inc. Uni-President Enterprises Corp. United Microelectronics Corp. WPG Holdings Ltd. Zhen Ding Technology Holding Ltd. THAILAND — 2.83% Advanced Info Service PCL NVDR Bangkok Bank PCL Foreign Bangkok Dusit Medical Services PCL NVDR BTS Group Holdings PCL NVDR CP ALL PCL NVDR Delta Electronics Thailand PCL NVDR

Shares

Value

24,000 9,000 3,329 51,000 12,000 3,000

$ 111,618 25,309 6,007 18,975 12,836 6,316 1,366,043

3,300 3,300 28,200 291,600 27,000 18,900

14,738 15,683 19,214 76,803 35,364 38,958 200,760

TOTAL COMMON STOCKS (Cost: $7,482,975)

7,053,789

PREFERRED STOCKS — 0.23% SOUTH KOREA — 0.23% Samsung Electronics Co. Ltd.

18

TOTAL PREFERRED STOCKS (Cost: $18,017)

16,477 16,477 16,477

SHORT-TERM INVESTMENTS — 4.29% MONEY MARKET FUNDS — 4.29% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%d,e,f BlackRock Cash Funds: Prime, SL Agency Shares 0.49%d,e,f BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%d,e

TOTAL SHORT-TERM INVESTMENTS (Cost: $303,667)

284,058

284,058

15,499

15,499

4,110

4,110 303,667 303,667

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TOTAL INVESTMENTS IN SECURITIES — 104.00% (Cost: $7,804,659) Other Assets, Less Liabilities — (4.00)% NET ASSETS — 100.00%

Value

$7,373,933 (283,401) $7,090,532

ADR — American Depositary Receipts NVDR — Non-Voting Depositary Receipts a b c

d e f

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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April 30, 2016 Security

Shares

Value

128,258

$8,621,503 8,621,503

INVESTMENT COMPANIES — 100.94% EXCHANGE-TRADED FUNDS — 100.94% iShares Edge MSCI Min Vol EAFE ETFa TOTAL INVESTMENT COMPANIES (Cost: $8,240,547)

8,621,503

SHORT-TERM INVESTMENTS — 0.05% MONEY MARKET FUNDS — 0.05% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,b

4,299 4,299

4,299

TOTAL SHORT-TERM INVESTMENTS (Cost: $4,299)

4,299

TOTAL INVESTMENTS IN SECURITIES — 100.99% (Cost: $8,244,846) Other Assets, Less Liabilities — (0.99)% NET ASSETS — 100.00% a b

8,625,802 (84,407) $8,541,395

Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

Forward currency contracts as of April 30, 2016 were as follows:

CHF DKK EUR GBP HKD ILS JPY NOK NZD SEK SGD USD USD AUD EUR GBP JPY NOK SGD USD USD USD

156

Currency Purchased 837,000 1,061,000 972,000 1,460,000 5,573,000 676,000 286,828,000 87,000 66,000 193,000 445,000 691,369 718,947 8,000 13,000 15,000 8,783,000 2,000 6,000 700,174 4,178 1,232

USD USD USD USD USD USD USD USD USD USD USD AUD HKD USD USD USD USD USD USD AUD CHF DKK

Currency Sold 864,468 161,649 1,102,253 2,126,031 718,352 180,107 2,638,232 10,674 45,826 23,899 330,278 901,000 5,574,000 6,070 14,896 21,914 82,362 248 4,457 921,000 4,000 8,000

Settlement Date 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Unrealized Appreciation (Depreciation) $ 8,262 1,617 10,927 7,281 143 824 57,681 131 243 139 572 6,463 324 5 3 5 237 — 1 785 3 — 95,646

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April 30, 2016

AUD CHF HKD USD USD USD USD USD USD USD USD USD USD CHF DKK EUR GBP HKD ILS NZD SEK USD USD USD USD USD USD USD USD USD USD USD

Currency Purchased 901,000 14,000 1,000 885,237 161,433 1,102,092 2,107,364 179,215 2,551,029 10,470 45,667 23,689 329,642 10,000 5,000 18,000 5,000 20,000 20,000 2,000 11,000 865,318 160,990 1,088,202 2,078,687 724,264 175,899 2,597,175 10,673 45,763 23,919 330,070

USD USD USD CHF DKK EUR GBP ILS JPY NOK NZD SEK SGD USD USD USD USD USD USD USD USD CHF DKK EUR GBP HKD ILS JPY NOK NZD SEK SGD

Currency Sold 685,682 14,636 129 851,000 1,061,000 972,000 1,460,000 676,000 286,828,000 87,000 66,000 193,000 445,000 10,440 770 20,633 7,325 2,579 5,359 1,396 1,372 837,000 1,056,000 959,000 1,427,000 5,618,000 660,000 282,030,000 87,000 66,000 193,000 445,000

Settlement Date 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 05/09/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Net Unrealized Depreciation

Unrealized Appreciation (Depreciation) $ (776) (38) — (2,091) (1,833) (11,088) (25,947) (1,716) (144,884) (334) (403) (350) (1,208) (3) — (4) (18) — (4) (2) (1) (8,314) (1,624) (10,879) (6,520) (207) (815) (55,152) (131) (244) (140) (563) (275,289) $ (179,643)

Counterparties: BNP — BNP Paribas SA

Currency Abbreviations: AUD — Australian Dollar CHF — Swiss Franc DKK — Danish Krone EUR — Euro GBP — British Pound HKD — Hong Kong Dollar ILS — Israeli Shekel JPY — Japanese Yen NOK — Norwegian Krone NZD — New Zealand Dollar SEK — Swedish Krona SGD — Singapore Dollar USD — United States Dollar See accompanying notes to schedules of investments.

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.25%

AUSTRALIA — 8.03% AGL Energy Ltd. Commonwealth Bank of Australia CSL Ltd. GPT Group (The) Healthscope Ltd. Medibank Pvt Ltd. Ramsay Health Care Ltd. Scentre Group Sonic Healthcare Ltd. Stockland Telstra Corp. Ltd. Transurban Group Vicinity Centres Wesfarmers Ltd. Westfield Corp. Woolworths Ltd. BELGIUM — 1.18% Colruyt SA Proximus SADP UCB SA

3,574,230 $ 49,889,165 361,706 20,396,301 260,915 20,943,162 5,256,174 20,176,589 13,011,072 27,007,975 22,318,092 53,480,659 68,627 3,401,608 7,248,544 25,943,804 3,637,664 53,911,553 2,625,129 8,754,717 19,180,320 78,456,815 5,280,416 46,664,513 14,821,472 37,552,552 1,534,624 50,090,028 2,336,322 18,007,943 1,503,872 25,375,210 540,052,594 593,216 783,680 253,952

34,162,223 26,366,631 19,007,948 79,536,802

289,664 867,008 1,287,669 1,016,361 256,928

21,726,026 48,418,387 6,590,627 19,190,788 26,411,200 122,337,028

FINLAND — 0.21% Fortum OYJ

948,352

14,294,318 14,294,318

FRANCE — 4.67% Aeroports de Paris Air Liquide SA Danone SA Dassault Systemes Essilor International SA Eutelsat Communications SA Hermes International

277,760 134,338 359,104 349,486 83,721 472,192 10,459

34,962,735 15,232,531 25,159,194 27,339,369 10,840,342 14,669,874 3,725,534

DENMARK — 1.82% Coloplast A/S Class B Novo Nordisk A/S Class B TDC A/S Tryg A/S William Demant Holding A/Sa

158

Security Iliad SA L’Oreal SA Sanofi SCOR SE SES SA Sodexo SA Vivendi SA GERMANY — 3.41% Beiersdorf AG Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA Henkel AG & Co. KGaA MAN SE Merck KGaA Muenchener RueckversicherungsGesellschaft AG in Muenchen Registered QIAGEN NVa RTL Group SAa HONG KONG — 8.21% Bank of East Asia Ltd. (The)b Cheung Kong Infrastructure Holdings Ltd. CLP Holdings Ltd. Hang Seng Bank Ltd. HK Electric Investments & HK Electric Investments Ltd.c HKT Trust & HKT Ltd. Hong Kong & China Gas Co. Ltd. Link REIT MTR Corp. Ltd. PCCW Ltd. Power Assets Holdings Ltd. Sun Hung Kai Properties Ltd. Swire Pacific Ltd. Class A Yue Yuen Industrial Holdings Ltd. IRELAND — 1.17% Kerry Group PLC Class A Ryanair Holdings PLC ADR

Shares

Value

48,919 $ 10,693,201 198,011 35,935,158 258,163 21,321,978 1,092,786 37,216,975 1,751,872 47,804,996 180,650 18,247,161 583,446 11,199,862 314,348,910 316,900 484,151 449,635 284,704 377,952 160,930

28,441,642 42,005,047 32,712,113 28,933,572 41,016,053 15,127,231

169,816 118,394 84,320

31,499,058 2,653,741 7,046,175 229,434,632

5,185,000 6,434,000 8,958,000 4,369,300

18,882,619 60,838,176 82,856,765 79,419,288

28,272,000 27,776,349 11,445,422 2,976,000 13,610,748 32,736,000 6,708,500 992,599 1,294,000 6,944,000

25,439,406 40,247,275 21,364,630 18,088,795 67,376,466 22,197,618 63,952,660 12,546,322 14,070,657 25,333,265 552,613,942

606,112 308,549

54,058,135 24,977,042 79,035,177

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ISRAEL — 1.97% Bank Hapoalim BM Bank Leumi le-Israel BMa Bezeq The Israeli Telecommunication Corp. Ltd. Mizrahi Tefahot Bank Ltd. Teva Pharmaceutical Industries Ltd. ITALY — 0.07% Snam SpA JAPAN — 29.32% ABC-Mart Inc. Ajinomoto Co. Inc. ANA Holdings Inc. Aozora Bank Ltd. Asahi Group Holdings Ltd. Astellas Pharma Inc. Benesse Holdings Inc. Bridgestone Corp. Canon Inc. Chugai Pharmaceutical Co. Ltd. Concordia Financial Group Ltd.a Daiichi Sankyo Co. Ltd. East Japan Railway Co. Eisai Co. Ltd. Electric Power Development Co. Ltd. FamilyMart Co. Ltd. Japan Airlines Co. Ltd. Japan Prime Realty Investment Corp. Japan Real Estate Investment Corp. Japan Retail Fund Investment Corp. Japan Tobacco Inc. Kamigumi Co. Ltd. Kao Corp. KDDI Corp. Kirin Holdings Co. Ltd. Kyowa Hakko Kirin Co. Ltd. Lawson Inc. Marubeni Corp.

Shares

Value

8,709,760 $ 44,849,722 7,060,565 26,029,035 10,702,688 1,434,432 391,840

22,853,429 16,640,564 22,056,419 132,429,169

720,192

4,396,565 4,396,565

229,400 892,800 11,088,000 8,928,000 201,600 2,480,000 651,500 793,600 2,717,100 99,200 2,033,100 705,600 396,800 134,200 158,500 433,900 1,289,600 7,936 7,936 17,856 148,500 274,000 496,000 595,200 1,091,200 174,000 694,400 1,388,800

15,351,222 21,319,725 31,918,351 32,626,272 6,611,658 34,698,444 18,906,561 30,529,068 79,028,134 3,486,069 9,736,534 17,152,816 36,433,134 8,572,896 4,910,767 23,480,359 47,645,112 35,491,154 49,991,719 44,408,445 6,287,256 2,555,746 28,352,129 17,628,756 16,231,084 3,226,469 55,165,195 7,607,605

Security McDonald’s Holdings Co. Japan Ltd.b Miraca Holdings Inc. Mitsubishi Tanabe Pharma Corp. Mizuho Financial Group Inc. Nagoya Railroad Co. Ltd. NH Foods Ltd. Nippon Building Fund Inc. Nippon Prologis REIT Inc. Nippon Telegraph & Telephone Corp. Nissin Foods Holdings Co. Ltd. Nitori Holdings Co. Ltd. Nomura Real Estate Master Fund Inc. Nomura Research Institute Ltd. NTT DOCOMO Inc. Oracle Corp. Japan Oriental Land Co. Ltd./Japan Osaka Gas Co. Ltd. Otsuka Corp. Otsuka Holdings Co. Ltd. Park24 Co. Ltd. Recruit Holdings Co. Ltd. Resona Holdings Inc. Sankyo Co. Ltd. Santen Pharmaceutical Co. Ltd. Secom Co. Ltd. Seven Bank Ltd. Shimamura Co. Ltd. Shionogi & Co. Ltd. Suntory Beverage & Food Ltd. Suzuken Co. Ltd./Aichi Japan Taiheiyo Cement Corp. Taisho Pharmaceutical Holdings Co. Ltd. Takeda Pharmaceutical Co. Ltd. Tobu Railway Co. Ltd. Tokyo Gas Co. Ltd. TonenGeneral Sekiyu KK Toyo Suisan Kaisha Ltd. Toyota Motor Corp. Unicharm Corp. United Urban Investment Corp. USS Co. Ltd.

Shares

Value

694,400 $17,315,381 321,100 14,120,057 2,380,800 43,679,708 34,422,400 53,984,567 3,161,000 16,307,977 1,010,000 22,947,895 4,036 25,876,873 15,872 38,658,285 2,100,400 95,484,327 595,200 28,259,414 307,100 29,505,939 36,704 58,283,187 396,800 14,426,394 3,684,100 89,421,073 396,800 21,917,734 228,400 16,223,562 4,960,000 18,394,579 218,300 10,854,302 1,834,700 73,665,790 892,800 25,742,212 396,800 12,664,816 992,000 3,645,539 434,400 16,930,212 906,100 13,515,918 396,800 31,318,996 828,100 3,645,358 210,000 29,106,968 432,300 22,799,840 1,108,800 49,639,254 297,600 10,639,002 2,976,000 8,121,800 302,400 25,436,703 1,686,400 82,936,930 2,571,000 13,504,388 6,110,000 27,701,865 2,976,000 29,121,660 595,200 21,695,219 396,800 20,968,337 750,100 16,071,819 25,792 45,101,951 643,300 10,545,803

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April 30, 2016 Security

West Japan Railway Co. Yamada Denki Co. Ltd. Yamato Holdings Co. Ltd. Yamazaki Baking Co. Ltd.

Shares

Value

496,000 $ 30,957,409 3,223,600 16,570,681 1,091,200 22,732,696 130,000 3,173,606 1,972,968,706

NETHERLANDS — 1.34% NN Group NV

2,591,554

89,818,787 89,818,787

NEW ZEALAND — 0.54% Auckland International Airport Ltd. Meridian Energy Ltd. Ryman Healthcare Ltd. Spark New Zealand Ltd.

4,772,703 3,772,576 694,400 1,773,696

20,524,468 6,990,629 4,336,043 4,601,352 36,452,492

487,259

8,386,880 8,386,880

4,464,000 8,246,199 5,087,900 2,466,900 18,252,800 6,745,600 1,587,200

50,749,541 53,806,901 43,533,239 7,451,816 52,420,526 16,612,430 21,964,897 246,539,350

333,312 1,342,588

10,956,051 6,418,021 17,374,072

68,789 11,155

8,518,784 13,115,999

5,952

36,450,955

321 4,253

23,506,510 8,386,197

NORWAY — 0.12% Telenor ASA SINGAPORE — 3.66% DBS Group Holdings Ltd. Oversea-Chinese Banking Corp. Ltd.b Singapore Airlines Ltd. Singapore Press Holdings Ltd.b Singapore Telecommunications Ltd. StarHub Ltd.b United Overseas Bank Ltd. SWEDEN — 0.26% ICA Gruppen AB Telia Co. AB SWITZERLAND — 9.82% Baloise Holding AG Registered Barry Callebaut AG Registered Chocoladefabriken Lindt & Sprungli AG Participation Certificates Chocoladefabriken Lindt & Sprungli AG Registered Givaudan SA Registered

160

Security Kuehne + Nagel International AG Registered Nestle SA Registered Novartis AG Registered Roche Holding AG Schindler Holding AG Registered Sonova Holding AG Registered Swiss Prime Site AG Registered Swiss Re AG Swisscom AG Registered Zurich Insurance Group AG UNITED KINGDOM — 23.45% Admiral Group PLC Associated British Foods PLC AstraZeneca PLC Babcock International Group PLC British American Tobacco PLC BT Group PLC Bunzl PLC Capita PLC Centrica PLC Compass Group PLC Diageo PLC Direct Line Insurance Group PLC Dixons Carphone PLC easyJet PLC Fresnillo PLC G4S PLC GlaxoSmithKline PLC HSBC Holdings PLC Imperial Brands PLC Inmarsat PLC J Sainsbury PLCb Kingfisher PLC Land Securities Group PLC Lloyds Banking Group PLC Marks & Spencer Group PLC Merlin Entertainments PLCc National Grid PLC Next PLC Randgold Resources Ltd. Reckitt Benckiser Group PLC RELX PLC Royal Dutch Shell PLC Class A

Shares

Value

468,224 $ 67,510,231 1,266,784 94,496,668 966,208 73,788,655 279,744 70,775,086 30,185 5,552,024 46,668 6,241,875 562,464 49,321,961 1,008,864 89,571,545 153,760 78,043,026 156,736 35,108,210 660,387,726 1,642,752 220,701 893,792 451,625 1,131,282 5,054,376 600,723 731,474 7,872,512 4,595,449 1,802,476 6,272,952 452,611 566,600 1,975,072 6,920,266 3,464,064 8,826,352 819,392 1,948,556 3,255,819 4,519,552 501,524 36,720,997 1,687,392 2,202,697 6,385,504 489,056 706,799 1,000,489 3,085,120 947,620

44,688,129 9,906,069 51,429,963 6,268,526 69,105,911 32,815,239 17,943,194 10,726,085 27,493,362 82,061,589 48,742,686 33,255,908 2,819,205 12,226,090 32,202,261 19,099,058 74,037,111 58,507,036 44,634,202 26,532,035 13,778,948 24,092,713 8,316,612 36,078,713 10,468,336 13,923,353 91,184,069 36,429,886 70,095,940 97,522,176 54,684,683 24,702,476

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iSHARES® EDGE MSCI MIN VOL EAFE ETF

For personal use only

April 30, 2016 Shares

Security

Royal Dutch Shell PLC Class B Royal Mail PLC Severn Trent PLC Sky PLC Smith & Nephew PLC SSE PLC Tate & Lyle PLC TUI AG Unilever PLC United Utilities Group PLC Vodafone Group PLC

285,705 8,015,360 128,960 2,948,236 2,049,655 3,720,992 2,731,968 1,621,920 1,619,419 295,616 13,016,374

TOTAL COMMON STOCKS (Cost: $6,369,831,058)

Value $

7,474,937 57,170,379 4,207,107 40,532,630 34,709,381 82,308,361 23,532,128 23,545,686 72,461,551 4,068,488 41,796,396 1,577,578,608 6,677,985,758

SHORT-TERM INVESTMENTS — 0.42% MONEY MARKET FUNDS — 0.42% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%d,e,f BlackRock Cash Funds: Prime, SL Agency Shares 0.49%d,e,f BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%d,e

25,299,077

25,299,077

1,380,381

1,380,381

1,337,272

1,337,272 28,016,730

TOTAL SHORT-TERM INVESTMENTS (Cost: $28,016,730)

TOTAL INVESTMENTS IN SECURITIES — 99.67% (Cost: $6,397,847,788) Other Assets, Less Liabilities — 0.33% NET ASSETS — 100.00%

28,016,730

6,706,002,488 22,496,483 $6,728,498,971

ADR — American Depositary Receipts a b c

d e f

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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April 30, 2016 Security

Shares

Value

INVESTMENT COMPANIES — 100.69% EXCHANGE-TRADED FUNDS — 100.69% iShares Edge MSCI Min Vol Europe ETFa

103,620 $2,476,518 2,476,518

TOTAL INVESTMENT COMPANIES (Cost: $2,510,096)

2,476,518

SHORT-TERM INVESTMENTS — 0.05% MONEY MARKET FUNDS — 0.05% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,b

1,227

1,227 1,227

TOTAL SHORT-TERM INVESTMENTS (Cost: $1,227)

1,227

TOTAL INVESTMENTS IN SECURITIES — 100.74% (Cost: $2,511,323) Other Assets, Less Liabilities — (0.74)% NET ASSETS — 100.00% a b

2,477,745 (18,253) $2,459,492

Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

Forward currency contracts as of April 30, 2016 were as follows:

CHF DKK EUR GBP NOK SEK USD EUR GBP USD USD USD

162

Currency Purchased 434,000 888,000 790,000 609,000 344,000 906,000 892,124 4,000 3,000 9,401 1,232 8,790

USD USD USD USD USD USD GBP USD USD CHF DKK GBP

Currency Sold 448,152 135,290 895,770 886,675 42,206 112,165 609,000 4,583 4,383 9,000 8,000 6,000

Settlement Date 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

Counterparty BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Unrealized Appreciation (Depreciation) $ 4,280 1,336 8,846 3,166 517 660 2,283 1 1 7 — 22

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April 30, 2016

USD

Currency Purchased 374

CHF GBP USD USD USD USD USD USD CHF DKK SEK USD USD USD USD USD USD

12,000 609,000 463,851 135,091 895,601 879,027 41,392 111,147 3,000 1,000 9,000 448,683 130,805 880,547 856,530 42,572 110,178

SEK

Currency Sold 3,000

Settlement Date 06/03/2016

Counterparty BNP

USD USD CHF DKK EUR GBP NOK SEK USD USD USD CHF DKK EUR GBP NOK SEK

12,539 892,124 446,000 888,000 790,000 609,000 344,000 906,000 3,132 154 1,122 434,000 858,000 776,000 588,000 347,000 889,000

05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 05/04/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016 06/03/2016

BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP BNP

Net Unrealized Depreciation

Unrealized Appreciation (Depreciation) $ — 21,119 (30) (2,283) (1,091) (1,535) (9,015) (10,814) (1,331) (1,678) (1) — — (4,311) (1,320) (8,803) (2,686) (518) (645) (46,061) $ (24,942)

Counterparties: BNP — BNP Paribas SA Currency Abbreviations: CHF — Swiss Franc DKK — Danish Krone EUR — Euro GBP — British Pound NOK — Norwegian Krone SEK — Swedish Krona USD — United States Dollar See accompanying notes to schedules of investments.

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iSHARES® EDGE MSCI MIN VOL EUROPE ETF

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 98.97% AUSTRIA — 0.07% OMV AG

648 $

19,453 19,453

BELGIUM — 4.77% Anheuser-Busch InBev SA/NV Colruyt SA Groupe Bruxelles Lambert SA Proximus SADP UCB SA

1,585 4,601 4,356 7,626 3,540

196,242 264,963 384,813 256,574 264,964 1,367,556

DENMARK — 5.30% Coloplast A/S Class B Danske Bank A/S ISS A/S Novo Nordisk A/S Class B TDC A/S Tryg A/S William Demant Holding A/Sa

5,555 7,487 750 8,006 15,120 8,293 1,764

416,649 211,765 28,484 447,098 77,388 156,587 181,332 1,519,303

FINLAND — 3.03% Elisa OYJ Fortum OYJ Orion OYJ Class B Sampo OYJ Class A

2,858 22,046 1,416 8,716

106,746 332,295 49,400 380,647 869,088

FRANCE — 10.22% Aeroports de Paris Air Liquide SA Danone SA Dassault Systemes Engie SA Essilor International SA Eutelsat Communications SA Hermes International Iliad SA L’Oreal SA Pernod Ricard SA Sanofi SCOR SE SES SA Societe BIC SA Sodexo SA Vivendi SA

1,967 1,300 6,333 1,008 1,152 1,704 2,280 393 585 2,316 421 3,558 3,812 9,507 96 744 10,303

247,594 147,406 443,697 78,853 19,000 220,637 70,834 139,988 127,875 420,309 45,461 293,859 129,825 259,427 13,629 75,150 197,777 2,931,321

164

Security GERMANY — 7.93% Bayer AG Registered Beiersdorf AG Deutsche Telekom AG Registered Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA Henkel AG & Co. KGaA MAN SE Merck KGaA Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Registered RTL Group SAa SAP SE Telefonica Deutschland Holding AG

Shares

Value

338 $ 39,003 1,696 152,215 3,073 53,798 3,773 327,346 4,512 328,260 1,608 163,416 2,599 282,048 2,424 227,853 1,948 948 2,184 17,736

361,333 79,220 170,899 90,072 2,275,463

4,157 1,829

370,756 148,058 518,814

ITALY — 1.42% Snam SpA Terna Rete Elettrica Nazionale SpA

59,092 8,219

360,739 46,353 407,092

NETHERLANDS — 3.41% NN Group NV RELX NV Unilever NV CVA

17,848 4,063 6,625

618,581 68,198 291,111 977,890

NORWAY — 1.73% Gjensidige Forsikring ASA Schibsted ASA Class Ba Statoil ASA Telenor ASA

6,945 2,686 1,010 16,449

118,936 76,354 17,849 283,126 496,265

PORTUGAL — 0.25% EDP — Energias de Portugal SA

20,551

73,062 73,062

SPAIN — 1.84% Aena SAa,b Endesa SA Iberdrola SA Telefonica SA

264 12,492 25,827 4,055

37,660 262,332 183,520 44,224 527,736

IRELAND — 1.81% Kerry Group PLC Class A Ryanair Holdings PLC ADR

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iSHARES® EDGE MSCI MIN VOL EUROPE ETF

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April 30, 2016 Security

SWEDEN — 4.35% Hennes & Mauritz AB Class B ICA Gruppen AB Svenska Cellulosa AB SCA Class B Svenska Handelsbanken AB Class A Swedbank AB Class A Telefonaktiebolaget LM Ericsson Class B Telia Co. AB SWITZERLAND — 18.29% Baloise Holding AG Registered Barry Callebaut AG Registered Chocoladefabriken Lindt & Sprungli AG Participation Certificates Chocoladefabriken Lindt & Sprungli AG Registered Givaudan SA Registered Kuehne + Nagel International AG Registered Lonza Group AG Registered Nestle SA Registered Novartis AG Registered Roche Holding AG Schindler Holding AG Participation Certificates Schindler Holding AG Registered SGS SA Registered Sonova Holding AG Registered Swiss Life Holding AG Registered Swiss Prime Site AG Registered Swiss Re AG Swisscom AG Registered Zurich Insurance Group AG UNITED KINGDOM — 34.55% Admiral Group PLC Associated British Foods PLC AstraZeneca PLC Auto Trader Group PLCb BAE Systems PLC BP PLC British American Tobacco PLC British Land Co. PLC (The)

Shares

Value

11,658 $ 414,881 177,401 5,397 632 19,923 145,470 10,917 81,349 3,768 7,224 58,531 350,680 73,359 1,248,235 1,369 53

169,536 62,317

31

189,849

4 168 3,170 264 5,834 4,934 1,617 288 1,367 122 2,404 256 4,285 4,549 845 1,392

292,916 331,268 457,062 43,959 435,191 376,806 409,100 52,492 251,437 268,693 321,537 64,661 375,748 403,881 428,891 311,802 5,247,146

9,683 2,282 6,406 9,358 13,729 22,482 7,298 14,400

263,409 102,427 368,610 51,407 95,993 123,091 445,808 151,670

Security

Shares

BT Group PLC Bunzl PLC Capita PLC Centrica PLC Compass Group PLC Diageo PLC Direct Line Insurance Group PLC Dixons Carphone PLC easyJet PLC Fresnillo PLC GlaxoSmithKline PLC Hammerson PLC HSBC Holdings PLC Imperial Brands PLC Inmarsat PLC Kingfisher PLC Land Securities Group PLC Lloyds Banking Group PLC Merlin Entertainments PLCb National Grid PLC Next PLC Randgold Resources Ltd. Reckitt Benckiser Group PLC RELX PLC Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B Royal Mail PLC SABMiller PLC Severn Trent PLC Shire PLC Sky PLC Smith & Nephew PLC SSE PLC Tate & Lyle PLC TUI AG Unilever PLC United Utilities Group PLC Vodafone Group PLC William Hill PLC

56,401 912 1,366 34,872 24,865 13,743 44,978 3,404 3,844 5,967 20,191 2,957 53,046 6,750 8,974 16,674 18,049 260,055 11,174 31,520 3,656 2,945 4,458 12,277 12,120 720 34,337 289 4,501 305 16,656 16,879 17,974 5,473 8,417 9,790 17,020 95,076 3,336

TOTAL COMMON STOCKS (Cost: $29,298,706)

Value $

366,180 27,241 20,031 121,784 444,018 371,639 238,450 21,203 82,946 97,288 431,540 25,319 351,625 367,688 122,192 88,885 299,301 255,506 70,631 450,101 272,336 292,067 434,541 217,614 315,943 18,837 244,912 17,718 146,838 19,038 228,988 285,833 397,585 47,142 122,191 438,058 234,242 305,295 15,281 9,910,442

28,388,866

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iSHARES® EDGE MSCI MIN VOL EUROPE ETF

For personal use only

April 30, 2016 Security

Shares

Value

PREFERRED STOCKS — 0.20% GERMANY — 0.20% Henkel AG & Co. KGaA

490

TOTAL PREFERRED STOCKS (Cost: $55,795)

$

55,942 55,942 55,942

SHORT-TERM INVESTMENTS — 0.02% MONEY MARKET FUNDS — 0.02% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%c,d

6,679

TOTAL SHORT-TERM INVESTMENTS (Cost: $6,679)

TOTAL INVESTMENTS IN SECURITIES — 99.19% (Cost: $29,361,180) Other Assets, Less Liabilities — 0.81% NET ASSETS — 100.00%

6,679 6,679 6,679

28,451,487 231,994 $28,683,481

ADR American Depositary Receipts a b c

d

Non-income earning security. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.21%

AIR FREIGHT & LOGISTICS — 0.53% Yamato Holdings Co. Ltd.

AIRLINES — 2.21% ANA Holdings Inc. Japan Airlines Co. Ltd.

12,000 $ 249,993 249,993 160,000 16,000

460,582 591,131 1,051,713

AUTO COMPONENTS — 3.60% Aisin Seiki Co. Ltd. Bridgestone Corp. Denso Corp. Sumitomo Electric Industries Ltd. Sumitomo Rubber Industries Ltd. Toyota Industries Corp.

3,200 17,600 9,600 20,800 6,400 3,500

129,501 677,056 381,416 261,470 101,687 159,143 1,710,273

AUTOMOBILES — 4.98% Daihatsu Motor Co. Ltd. Fuji Heavy Industries Ltd. Honda Motor Co. Ltd. Isuzu Motors Ltd. Mitsubishi Motors Corp. Nissan Motor Co. Ltd. Toyota Motor Corp.

16,000 8,000 20,000 3,200 16,000 65,600 11,200

224,309 277,845 559,372 35,755 67,143 613,113 591,848 2,369,385

120,000 16,000 1,600 32,000 8,000 60,800 323,200 92,000 31,200 12,000 8,000

438,525 84,341 17,167 153,248 32,824 295,547 506,874 338,094 137,345 382,784 76,639 2,463,388

12,000 32,000 14,400

393,551 475,985 644,666 1,514,202

BANKS — 5.18% Aozora Bank Ltd. Chiba Bank Ltd. (The) Chugoku Bank Ltd. (The) Concordia Financial Group Ltd.a Gunma Bank Ltd. (The) Mitsubishi UFJ Financial Group Inc. Mizuho Financial Group Inc. Resona Holdings Inc. Seven Bank Ltd. Sumitomo Mitsui Financial Group Inc. Yamaguchi Financial Group Inc. BEVERAGES — 3.19% Asahi Group Holdings Ltd. Kirin Holdings Co. Ltd. Suntory Beverage & Food Ltd.

Security

Shares

Value

BUILDING PRODUCTS — 0.20% Asahi Glass Co. Ltd.

16,000 $

CHEMICALS — 2.68% Asahi Kasei Corp. Kaneka Corp. Kuraray Co. Ltd. Mitsubishi Chemical Holdings Corp. Shin-Etsu Chemical Co. Ltd. Toray Industries Inc.

16,000 8,000 8,000 7,200 8,000 56,000

COMMERCIAL SERVICES & SUPPLIES — 2.80% Dai Nippon Printing Co. Ltd. 16,000 Park24 Co. Ltd. 12,000 Secom Co. Ltd. 9,600 Toppan Printing Co. Ltd. 8,000

97,051 97,051

113,605 69,686 105,126 39,151 463,797 485,025 1,276,390 155,671 345,997 757,718 70,807 1,330,193

CONSTRUCTION & ENGINEERING — 1.06% Kajima Corp. Obayashi Corp. Shimizu Corp. Taisei Corp.

16,000 16,000 8,000 24,000

102,435 161,652 73,499 167,783 505,369

CONSTRUCTION MATERIALS — 0.37% Taiheiyo Cement Corp.

64,000

174,662 174,662

DIVERSIFIED CONSUMER SERVICES — 0.34% Benesse Holdings Inc. 5,600

162,512 162,512

DIVERSIFIED TELECOMMUNICATION SERVICES — 1.61% Nippon Telegraph & Telephone Corp. 16,800 763,729 763,729 ELECTRIC UTILITIES — 1.71% Chubu Electric Power Co. Inc. Chugoku Electric Power Co. Inc. (The) Hokuriku Electric Power Co. Kansai Electric Power Co. Inc. (The)a Kyushu Electric Power Co. Inc. Tohoku Electric Power Co. Inc. Tokyo Electric Power Co. Holdings Inc.a

19,200 8,000 4,800 16,000 2,400 6,400 23,200

260,289 106,622 64,422 146,130 24,943 84,221 127,931 814,558

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iSHARES® EDGE MSCI MIN VOL JAPAN ETF

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April 30, 2016 Security ELECTRICAL EQUIPMENT — 0.39% Nidec Corp.

Shares

FOOD PRODUCTS — 3.75% Ajinomoto Co. Inc. Calbee Inc. MEIJI Holdings Co. Ltd. NH Foods Ltd. Nisshin Seifun Group Inc. Nissin Foods Holdings Co. Ltd. Toyo Suisan Kaisha Ltd. Yamazaki Baking Co. Ltd. GAS UTILITIES — 2.48% Osaka Gas Co. Ltd. Toho Gas Co. Ltd. Tokyo Gas Co. Ltd.

11,200 3,200 7,200 10,400

32,659 101,014 192,757 62,769 163,686 138,278 15,833 706,996 172,038 173,167 571,990 441,583 1,358,778

16,000 800 800 16,000 4,800 7,200 8,800 8,000

382,074 32,338 64,152 363,531 80,706 341,848 320,763 195,299 1,780,711

136,000 24,000 112,000

504,368 168,232 507,792 1,180,392

HEALTH CARE EQUIPMENT & SUPPLIES — 1.21% Hoya Corp. 5,600 Olympus Corp. 900 Sysmex Corp. 2,400 Terumo Corp. 4,000 HEALTH CARE PROVIDERS & SERVICES — 0.94% Alfresa Holdings Corp. 6,400 Medipal Holdings Corp. 3,200 Miraca Holdings Inc. 4,800

168

Security Suzuken Co. Ltd./Aichi Japan

2,400 $ 183,597 183,597

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.49% Citizen Holdings Co. Ltd. 5,600 Hirose Electric Co. Ltd. 800 Hitachi Ltd. 40,000 Keyence Corp. 100 Kyocera Corp. 3,200 Murata Manufacturing Co. Ltd. 1,000 Shimadzu Corp. 1,000 FOOD & STAPLES RETAILING — 2.86% Aeon Co. Ltd. FamilyMart Co. Ltd. Lawson Inc. Seven & I Holdings Co. Ltd.

Value

223,016 36,548 157,017 157,951 574,532 127,887 52,608 211,075

HEALTH CARE TECHNOLOGY — 0.43% M3 Inc.

Shares

Value

1,600 $ 57,199 448,769 7,200

HOTELS, RESTAURANTS & LEISURE — 1.81% McDonald’s Holdings Co. Japan Ltd. 20,800 Oriental Land Co. Ltd./Japan 4,800

202,552 202,552 518,663 340,951 859,614

HOUSEHOLD DURABLES — 1.49% Casio Computer Co. Ltd. Nikon Corp. Panasonic Corp. Rinnai Corp. Sekisui Chemical Co. Ltd. Sekisui House Ltd.

1,600 3,200 8,800 1,600 6,400 17,600

31,628 48,182 81,786 146,100 82,965 317,719 708,380

HOUSEHOLD PRODUCTS — 0.61% Unicharm Corp.

13,600

291,397 291,397

INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.57% Electric Power Development Co. Ltd. 8,800 272,648 272,648 INDUSTRIAL CONGLOMERATES — 0.15% Seibu Holdings Inc. 3,200 69,865 69,865 INSURANCE — 0.45% MS&AD Insurance Group Holdings Inc. 800 22,196 Tokio Marine Holdings Inc. 5,600 193,078 215,274 INTERNET & CATALOG RETAIL — 0.04% Rakuten Inc. 1,600 18,251 18,251 INTERNET SOFTWARE & SERVICES — 0.10% Yahoo Japan Corp. 10,400 48,212 48,212 IT SERVICES — 2.24% Fujitsu Ltd. 10,000 36,525 Itochu Techno-Solutions Corp. 4,800 96,902 Nomura Research Institute Ltd. 12,000 436,282 NTT Data Corp. 4,800 257,508

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April 30, 2016 Security Otsuka Corp.

Shares

Value

4,800 $ 238,665 1,065,882

LEISURE PRODUCTS — 1.04% Bandai Namco Holdings Inc. Sankyo Co. Ltd. Shimano Inc.

5,600 6,400 800

122,473 249,432 120,230 492,135

MACHINERY — 0.27% Komatsu Ltd. Mitsubishi Heavy Industries Ltd.

5,600 8,000

99,784 29,721 129,505

16,000

32,450 32,450

MEDIA — 0.18% Toho Co. Ltd./Tokyo

3,200

84,041 84,041

MULTILINE RETAIL — 0.17% J Front Retailing Co. Ltd. Takashimaya Co. Ltd.

1,600 8,000

20,053 60,340 80,393

OIL, GAS & CONSUMABLE FUELS — 1.47% Idemitsu Kosan Co. Ltd. JX Holdings Inc. Showa Shell Sekiyu KK TonenGeneral Sekiyu KK

3,200 45,600 3,200 40,000

70,463 200,564 34,335 391,420 696,782

PERSONAL PRODUCTS — 1.62% Kao Corp. Shiseido Co. Ltd.

12,800 1,600

731,668 37,160 768,828

PHARMACEUTICALS — 10.67% Astellas Pharma Inc. Chugai Pharmaceutical Co. Ltd. Daiichi Sankyo Co. Ltd. Eisai Co. Ltd. Hisamitsu Pharmaceutical Co. Inc. Kyowa Hakko Kirin Co. Ltd. Mitsubishi Tanabe Pharma Corp. Ono Pharmaceutical Co. Ltd. Otsuka Holdings Co. Ltd. Santen Pharmaceutical Co. Ltd. Shionogi & Co. Ltd.

44,000 7,200 19,200 3,200 800 8,000 38,400 4,800 19,200 15,200 6,400

615,618 253,021 466,743 204,421 39,105 148,343 704,512 223,323 770,907 226,732 337,541

MARINE — 0.07% Nippon Yusen KK

Security Sumitomo Dainippon Pharma Co. Ltd. Taisho Pharmaceutical Holdings Co. Ltd. Takeda Pharmaceutical Co. Ltd. PROFESSIONAL SERVICES — 1.02% Recruit Holdings Co. Ltd.

Shares

Value

5,600 $ 74,478 4,000 336,464 13,600 668,846 5,070,054 15,200

485,144 485,144

REAL ESTATE INVESTMENT TRUSTS (REITS) — 7.70% Japan Prime Realty Investment Corp. 104 Japan Real Estate Investment Corp. 80 Japan Retail Fund Investment Corp. 248 Nippon Building Fund Inc. 96 Nippon Prologis REIT Inc. 152 Nomura Real Estate Master Fund Inc. 448 United Urban Investment Corp. 216

465,106 503,949 616,784 615,505 370,216 711,390 377,715 3,660,665 REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.32% Daito Trust Construction Co. Ltd. 2,800 405,496 Daiwa House Industry Co. Ltd. 8,000 221,543 627,039 ROAD & RAIL — 7.72% Central Japan Railway Co. 1,600 290,630 East Japan Railway Co. 7,200 661,085 Hankyu Hanshin Holdings Inc. 64,000 415,720 Keikyu Corp. 8,000 74,246 Keio Corp. 9,000 81,593 Kintetsu Group Holdings Co. Ltd. 64,000 269,172 Nagoya Railroad Co. Ltd. 64,000 330,184 Nippon Express Co. Ltd. 48,000 228,347 Odakyu Electric Railway Co. Ltd. 16,000 178,401 Tobu Railway Co. Ltd. 72,000 378,186 Tokyu Corp. 24,000 212,870 West Japan Railway Co. 8,800 549,244 3,669,678 SOFTWARE — 1.22% Oracle Corp. Japan 8,800 486,079 Trend Micro Inc./Japan 2,400 93,873 579,952 SPECIALTY RETAIL — 2.93% ABC-Mart Inc. 4,000 267,676 Fast Retailing Co. Ltd. 800 218,216 Nitori Holdings Co. Ltd. 4,000 384,317 Shimamura Co. Ltd. 1,600 221,767 USS Co. Ltd. 9,600 157,376

169

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April 30, 2016 Security Yamada Denki Co. Ltd.

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.00% Canon Inc. FUJIFILM Holdings Corp. NEC Corp. Ricoh Co. Ltd. TOBACCO — 1.00% Japan Tobacco Inc.

Shares

Value

28,300 $

23,200 10,400 48,000 17,600

11,200

TRADING COMPANIES & DISTRIBUTORS — 2.73% ITOCHU Corp. 18,400 Marubeni Corp. 40,000 Mitsubishi Corp. 18,400 Mitsui & Co. Ltd. 27,200 Sumitomo Corp. 16,000

TRANSPORTATION INFRASTRUCTURE — 0.18% Kamigumi Co. Ltd. 9,000

145,474 1,394,826 674,783 444,110 121,127 186,536 1,426,556 474,190 474,190 243,339 219,113 320,381 341,033 174,961 1,298,827 83,948 83,948

WIRELESS TELECOMMUNICATION SERVICES — 3.43% KDDI Corp. 687,143 23,200 NTT DOCOMO Inc. 35,200 854,380 SoftBank Group Corp. 89,544 1,600 1,631,067 TOTAL COMMON STOCKS (Cost: $45,261,615)

170

47,155,348

Security

Shares

Value

SHORT-TERM INVESTMENTS — 0.03% MONEY MARKET FUNDS — 0.03% BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%b,c

15,878

TOTAL SHORT-TERM INVESTMENTS (Cost: $15,878) TOTAL INVESTMENTS IN SECURITIES — 99.24% (Cost: $45,277,493) Other Assets, Less Liabilities — 0.76% NET ASSETS — 100.00% a b c

$

15,878 15,878 15,878

47,171,226 359,765 $47,530,991

Non-income earning security. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.

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Shares

Value

COMMON STOCKS — 99.95% AEROSPACE & DEFENSE — 0.28% Lockheed Martin Corp.

151,676 $ 35,246,469 35,246,469

AIR FREIGHT & LOGISTICS — 1.30% United Parcel Service Inc. Class B

1,532,802

161,051,506 161,051,506

BANKS — 1.02% U.S. Bancorp. Wells Fargo & Co.

1,276,212 1,428,831

BEVERAGES — 2.72% Coca-Cola Co. (The) PepsiCo Inc.

54,481,490 71,412,974 125,894,464

3,450,009 1,770,368

154,560,403 182,277,089 336,837,492

BIOTECHNOLOGY — 0.09% Baxalta Inc.

258,451

10,842,019 10,842,019

CHEMICALS — 0.98% Ecolab Inc. Monsanto Co. Praxair Inc. Sherwin-Williams Co. (The)

346,855 216,408 324,461 81,549

39,881,388 20,273,102 38,111,189 23,429,843 121,695,522

COMMERCIAL SERVICES & SUPPLIES — 2.20% Republic Services Inc. 2,166,548 Stericycle Inc.a 408,380 Waste Management Inc. 2,249,696 COMMUNICATIONS EQUIPMENT — 1.44% Cisco Systems Inc. 3,032,709 Motorola Solutions Inc. 1,260,185 DISTRIBUTORS — 0.15% Genuine Parts Co.

191,622

DIVERSIFIED FINANCIAL SERVICES — 1.54% Berkshire Hathaway Inc. Class Ba 1,105,064 CME Group Inc./IL 333,781

101,979,414 39,024,793 132,259,628 273,263,835 83,369,171 94,753,310 178,122,481 18,389,963 18,389,963 160,764,711 30,677,811 191,442,522

Security

Shares

Value

DIVERSIFIED TELECOMMUNICATION SERVICES — 4.04% AT&T Inc. 5,383,553 $208,989,527 SBA Communications Corp. Class Aa 1,018,179 104,913,164 Verizon Communications Inc. 3,671,891 187,046,128 500,948,819 ELECTRIC UTILITIES — 5.28% American Electric Power Co. Inc. 364,666 23,156,291 Duke Energy Corp. 2,087,368 164,442,851 Eversource Energy 417,113 23,541,858 NextEra Energy Inc. 691,150 81,265,417 PG&E Corp. 1,264,557 73,597,217 Southern Co. (The) 3,352,324 167,951,432 Xcel Energy Inc. 3,027,731 121,200,072 655,155,138 ENERGY EQUIPMENT & SERVICES — 0.12% Schlumberger Ltd. 189,671 15,238,168 15,238,168 FOOD & STAPLES RETAILING — 1.47% Costco Wholesale Corp. 265,414 39,315,776 CVS Health Corp. 451,180 45,343,590 Sysco Corp. 748,518 34,484,224 Wal-Mart Stores Inc. 942,897 63,051,522 182,195,112 FOOD PRODUCTS — 3.96% Campbell Soup Co. 689,215 42,531,458 General Mills Inc. 2,905,019 178,193,865 Hershey Co. (The) 776,966 72,343,304 JM Smucker Co. (The) 68,624 8,713,876 Kellogg Co. 868,393 66,701,266 McCormick & Co. Inc./MD 840,846 78,854,538 Mondelez International Inc. Class A 1,029,411 44,223,497 491,561,804 HEALTH CARE EQUIPMENT & SUPPLIES — 5.96% Abbott Laboratories 2,626,689 102,178,202 Baxter International Inc. 1,487,183 65,763,232 Becton Dickinson and Co. 1,022,841 164,943,340 CR Bard Inc. 487,228 103,375,165 Edwards Lifesciences Corp.a 77,099 8,188,685 Intuitive Surgical Inc.a 18,735 11,734,854 Medtronic PLC 1,234,638 97,721,598 Stryker Corp. 949,961 103,555,249 Varian Medical Systems Inc.a,b 891,355 72,360,199

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April 30, 2016 Security Zimmer Biomet Holdings Inc.

Shares

Value

81,294 $ 9,411,406 739,231,930 HEALTH CARE PROVIDERS & SERVICES — 7.13% AmerisourceBergen Corp. 1,178,545 100,294,179 Anthem Inc. 27,603,448 196,089 Cardinal Health Inc. 704,091 55,242,980 Cigna Corp. 10,643,058 76,823 DaVita HealthCare Partners Inc.a,b 1,160,862 85,787,702 Express Scripts Holding Co.a,b 89,919,191 1,219,574 Henry Schein Inc.a,b 863,458 145,665,365 Humana Inc. 35,540 6,293,068 Laboratory Corp. of America Holdingsa 495,508 62,097,063 McKesson Corp. 517,333 86,818,824 Patterson Companies Inc. 44,867,857 1,035,014 Quest Diagnostics Inc. 350,504 26,347,386 UnitedHealth Group Inc. 1,088,918 143,388,722 884,968,843 HOTELS, RESTAURANTS & LEISURE — 2.41% Chipotle Mexican Grill Inc.a,b 93,047 39,169,996 McDonald’s Corp. 1,564,174 197,852,369 Starbucks Corp. 61,774,447 1,098,603 298,796,812 HOUSEHOLD PRODUCTS — 5.02% Church & Dwight Co. Inc. 90,086,231 971,804 Clorox Co. (The) 821,071 102,822,721 Colgate-Palmolive Co. 1,497,419 106,196,955 Kimberly-Clark Corp. 1,107,850 138,691,742 Procter & Gamble Co. (The) 2,308,484 184,955,738 622,753,387 INDUSTRIAL CONGLOMERATES — 0.61% 3M Co. 70,154,816 419,135 Danaher Corp. 62,924 6,087,897 76,242,713 INSURANCE — 5.31% Alleghany Corp.a 46,445,527 89,099 Arch Capital Group Ltd.a 1,522,813 107,343,088 Axis Capital Holdings Ltd. 51,437,991 965,609 Chubb Ltd. 1,034,659 121,944,910 Everest Re Group Ltd. 73,174,175 395,750 Marsh & McLennan Companies Inc. 69,846,300 1,106,038 RenaissanceRe Holdings Ltd. 476,018 52,795,156

172

Security

Shares

Travelers Companies Inc. (The) Willis Towers Watson PLC WR Berkley Corp.

567,312 $ 231,508 801,876

INTERNET SOFTWARE & SERVICES — 1.87% Alphabet Inc. Class Aa 74,089 eBay Inc.a 1,442,535 Facebook Inc. Class Aa 1,231,210 IT SERVICES — 8.56% Accenture PLC Class A Automatic Data Processing Inc. Fidelity National Information Services Inc. Fiserv Inc.a Gartner Inc.a International Business Machines Corp. MasterCard Inc. Class A Paychex Inc. PayPal Holdings Inc.a Vantiv Inc. Class Aa Visa Inc. Class A

1,255,980 2,017,624 980,361 1,248,838 753,776 615,409 384,384 3,341,529 1,167,164 205,167 1,695,910

LIFE SCIENCES TOOLS & SERVICES — 0.52% Thermo Fisher Scientific Inc. 266,765 Waters Corp.a 199,247

Value 62,347,589 28,915,349 44,905,056 659,155,141 52,446,121 35,241,130 144,765,672 232,452,923 141,825,262 178,438,667 64,507,754 122,036,449 65,706,654 89,812,789 37,281,404 174,160,491 45,729,486 11,189,808 130,992,088 1,061,680,852 38,480,851 25,933,990 64,414,841

METALS & MINING — 1.84% Newmont Mining Corp.

6,533,974

228,493,071 228,493,071

MULTI-UTILITIES — 3.08% Consolidated Edison Inc. Dominion Resources Inc./VA Sempra Energy WEC Energy Group Inc.

2,305,253 1,724,236 144,443 1,231,719

171,971,874 123,231,147 14,928,184 71,698,363 381,829,568

MULTILINE RETAIL — 1.28% Dollar General Corp. Dollar Tree Inc.a Nordstrom Inc. Target Corp.

467,129 389,478 178,387 1,008,693

38,262,537 31,045,291 9,120,927 80,191,094 158,619,849

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Shares

Value

OIL, GAS & CONSUMABLE FUELS — 2.03% Cabot Oil & Gas Corp. 667,862 $ 15,627,971 California Resources Corp. 1 2 Chevron Corp. 240,024 24,525,652 Exxon Mobil Corp. 1,944,002 171,849,777 Occidental Petroleum Corp. 519,897 39,850,105 251,853,507 PHARMACEUTICALS — 5.62% Allergan PLCa 33,884 7,337,919 Bristol-Myers Squibb Co. 1,545,836 111,578,442 Eli Lilly & Co. 1,453,373 109,773,263 Johnson & Johnson 1,757,046 196,929,716 Merck & Co. Inc. 2,363,388 129,608,198 Pfizer Inc. 4,358,911 142,579,979 697,807,517 PROFESSIONAL SERVICES — 0.17% Equifax Inc. 76,535 9,203,334 Nielsen Holdings PLC 237,698 12,393,573 21,596,907 REAL ESTATE INVESTMENT TRUSTS (REITS) — 12.30% American Capital Agency Corp.b 4,309,180 79,159,637 American Tower Corp. 839,352 88,031,238 Annaly Capital Management Inc. 11,786,878 122,819,269 AvalonBay Communities Inc. 883,419 156,179,645 Boston Properties Inc.b 62,548 8,059,935 Brixmor Property Group Inc.b 1,483,627 37,461,582 Camden Property Trust 110,010 8,881,107 Crown Castle International Corp. 1,403,595 121,944,334 Equity Residential 1,209,119 82,304,730 Essex Property Trust Inc. 204,412 45,062,625 Extra Space Storage Inc. 119,781 10,175,396 Federal Realty Investment Trust 486,837 74,038,171 General Growth Properties Inc.b 876,797 24,576,620 HCP Inc.b 1,428,944 48,341,175 Macerich Co. (The) 109,587 8,337,379 Public Storageb 776,581 190,114,795 Realty Income Corp.b 1,054,825 62,445,640 Simon Property Group Inc.b 467,268 94,000,304 UDR Inc.b 1,815,994 63,414,510 Ventas Inc.b 1,212,221 75,303,168 Vornado Realty Trustb 117,177 11,217,354

Security

Shares

Value

Welltower Inc.b

1,645,192 $ 114,209,229 1,526,077,843 SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.65% Intel Corp. 1,452,371 43,977,794 QUALCOMM Inc. 734,374 37,100,574 81,078,368 SOFTWARE — 2.25% Adobe Systems Inc.a 573,262 54,012,746 ANSYS Inc.a,b 247,259 22,443,699 Intuit Inc. 59,916 6,044,925 Microsoft Corp. 1,497,494 74,680,026 Oracle Corp. 646,461 25,767,935 Synopsys Inc.a,b 1,911,478 90,833,435 VMware Inc. Class Aa,b 104,650 5,955,632 279,738,398 SPECIALTY RETAIL — 3.93% AutoZone Inc.a,b 181,189 138,651,258 Home Depot Inc. (The) 672,358 90,022,013 L Brands Inc. 242,908 19,017,267 Lowe’s Companies Inc. 639,745 48,633,415 O’Reilly Automotive Inc.a,b 85,578 22,479,629 Ross Stores Inc. 253,454 14,391,118 TJX Companies Inc. (The) 1,637,549 124,158,965 Ulta Salon Cosmetics & Fragrance Inc.a 147,920 30,808,778 488,162,443 TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.30% Apple Inc. 401,490 37,635,673 37,635,673 TEXTILES, APPAREL & LUXURY GOODS — 0.66% NIKE Inc. Class B 433,351 25,541,708 VF Corp. 888,820 56,040,101 81,581,809 TOBACCO — 1.61% Altria Group Inc. 1,901,408 119,237,296 Philip Morris International Inc. 443,544 43,520,537 Reynolds American Inc. 736,491 36,529,954 199,287,787

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Shares

WATER UTILITIES — 0.25% American Water Works Co. Inc.

425,947

Value

$

TOTAL COMMON STOCKS (Cost: $11,625,517,010)

30,991,904 30,991,904

12,402,337,400

SHORT-TERM INVESTMENTS — 2.03%

MONEY MARKET FUNDS — 2.03% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%c,d,e 222,051,704 BlackRock Cash Funds: Prime, SL Agency Shares 0.49%c,d,e 12,115,694 BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%c,d 18,076,898

222,051,704 12,115,694 18,076,898 252,244,296

TOTAL SHORT-TERM INVESTMENTS (Cost: $252,244,296)

TOTAL INVESTMENTS IN SECURITIES — 101.98% (Cost: $11,877,761,306) Other Assets, Less Liabilities — (1.98)% NET ASSETS — 100.00% a b c

d e

252,244,296

12,654,581,696 (245,512,309) $12,409,069,387

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Value

COMMON STOCKS — 97.71%

AUSTRALIA — 1.41% Bendigo & Adelaide Bank Ltd. Cochlear Ltd. Dexus Property Group GPT Group (The) Incitec Pivot Ltd. Sonic Healthcare Ltd. Treasury Wine Estates Ltd. BELGIUM — 0.90% Ageas Colruyt SA Delhaize Group Proximus SADP BRAZIL — 0.34% BB Seguridade Participacoes SA CANADA — 2.22% Alimentation Couche-Tard Inc. Class B CCL Industries Inc. Class B Constellation Software Inc./Canada Dollarama Inc. Magna International Inc. Class A Metro Inc. CHINA — 4.87% AAC Technologies Holdings Inc. Agricultural Bank of China Ltd. Class H China CITIC Bank Corp. Ltd. Class Ha China Communications Construction Co. Ltd. Class H China Conch Venture Holdings Ltd.b China Construction Bank Corp. Class H China Huishan Dairy Holdings Co. Ltd.b China Vanke Co. Ltd. Class H CITIC Ltd. Country Garden Holdings Co. Ltd. Dongfeng Motor Group Co. Ltd. Class H Fosun International Ltd. Geely Automobile Holdings Ltd. Guangdong Investment Ltd. Hanergy Thin Film Power Group Ltd.a

800 $ 5,690 11,047 134 1,928 12,389 3,364 12,913 6,674 2,716 650 9,633 7,113 1,000 65,459

Security Netease Inc. Shimao Property Holdings Ltd. Sino Biopharmaceutical Ltd. Zhuzhou CRRC Times Electric Co. Ltd. Class H

Shares

Value

64 $ 9,005 2,000 2,774 12,000 8,539 2,000 11,434 226,418

COLOMBIA — 0.06% Corp. Financiera Colombiana SA Corp. Financiera Colombiana SA Newa

200 3

2,705 37 2,742

6 10 180 190 80 200 72

8,171 14,065 11,205 14,251 10,391 3,776 7,401 69,260

244 206 130 196

9,575 11,863 13,628 6,594 41,660

DENMARK — 1.49% AP Moeller — Maersk A/S Class A AP Moeller — Maersk A/S Class B Chr Hansen Holding A/S Coloplast A/S Class B Pandora A/S Tryg A/S William Demant Holding A/Sa

1,800

15,649 15,649

FINLAND — 0.24% Elisa OYJ

300

590 50 32 220 588 450

25,906 9,171 12,527 15,888 24,738 15,085 103,315

11,205 11,205

FRANCE — 2.76% Atos SE AXA SA Capgemini SA Lagardere SCA SCOR SE Societe BIC SA Valeo SA

2,000 40,000 20,000

13,910 14,490 12,582

128 2,280 216 166 358 58 92

11,390 57,490 20,170 4,405 12,192 8,234 14,589 128,470

10,000 3,000 118,000 12,000 2,400 8,000 10,000 8,000 6,000 10,000 8,000 6,000

12,066 6,079 75,906 4,486 6,015 11,716 3,958 8,787 8,338 4,989 11,344 —

96 102 236 376 52 200

10,949 6,506 5,887 8,428 4,345 9,767 45,882

2,000 10,000 4,000 2,000

23,978 9,978 6,301 7,515

GERMANY — 0.99% Hannover Rueck SE HUGO BOSS AG K+S AG Registered QIAGEN NVa RTL Group SAa United Internet AG Registeredc HONG KONG — 1.30% CK Hutchison Holdings Ltd. New World Development Co. Ltd. Sino Land Co. Ltd. Techtronic Industries Co. Ltd.

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Wheelock & Co. Ltd.b Yue Yuen Industrial Holdings Ltd. HUNGARY — 0.08% Richter Gedeon Nyrt ISRAEL — 0.57% Teva Pharmaceutical Industries Ltd. ITALY — 0.09% UnipolSai SpA JAPAN — 8.99% Alfresa Holdings Corp. Brother Industries Ltd. Casio Computer Co. Ltd. Chiba Bank Ltd. (The) Concordia Financial Group Ltd.a FUJIFILM Holdings Corp. Fukuoka Financial Group Inc. ITOCHU Corp. Japan Airlines Co. Ltd. Koito Manufacturing Co. Ltd. Konica Minolta Inc. Kuraray Co. Ltd. Marubeni Corp. MEIJI Holdings Co. Ltd. Mitsubishi Materials Corp. Mitsubishi Tanabe Pharma Corp. Nippon Yusen KK Nitori Holdings Co. Ltd. Santen Pharmaceutical Co. Ltd. Sekisui Chemical Co. Ltd. Sekisui House Ltd. Sumitomo Corp. Sumitomo Metal Mining Co. Ltd. T&D Holdings Inc. Tokyo Electric Power Co. Holdings Inc.a USS Co. Ltd. MALAYSIA — 0.13% Hartalega Holdings Bhd PPB Group Bhd

176

Shares

Value

Security

2,000 $ 1,000

9,282 3,648 60,702

MEXICO — 0.39% Gruma SAB de CV Series B Grupo Aeroportuario del Sureste SAB de CV Series B

178

3,542 3,542

468

26,344 26,344

1,734

4,048 4,048

600 1,000 600 2,000 2,000 800 2,000 2,600 400 200 1,200 1,200 3,600 400 2,000 800 4,000 200 1,000 1,000 1,200 2,000 2,000 1,400 3,000 600

1,000 1,200

11,989 11,935 11,860 10,543 9,578 34,162 7,066 34,385 14,778 9,047 10,857 15,769 19,720 32,076 6,598 14,677 8,113 19,216 14,917 12,963 21,663 21,870 23,403 14,151 16,543 9,836 417,715 1,098 4,970 6,068

Shares

Value

600 $ 8,803 600

9,255 18,058

NETHERLANDS — 1.31% Aegon NV Boskalis Westminster Chicago Bridge & Iron Co. NV NN Group NV RELX NV

2,956 180 130 328 1,188

16,969 7,505 5,232 11,368 19,941 61,015

POLAND — 0.08% Energa SA Tauron Polska Energia SA

500 2,700

1,629 2,092 3,721

146

8,375 8,375

RUSSIA — 1.09% Lukoil PJSC ADR Surgutneftegas OAO ADR Tatneft PAO ADR

740 1,920 300

31,365 10,157 9,405 50,927

SINGAPORE — 0.25% ComfortDelGro Corp. Ltd.

5,400

11,611 11,611

SOUTH AFRICA — 1.36% Brait SEa Discovery Ltd. Foschini Group Ltd. (The) Life Healthcare Group Holdings Ltd. Mondi Ltd. Mr. Price Group Ltd. Netcare Ltd. RMB Holdings Ltd. Tiger Brands Ltd. Truworths International Ltd.

1,016 800 440 2,000 200 600 2,000 1,600 210 824

11,404 7,177 4,737 5,273 3,857 7,651 5,114 6,554 5,215 6,177 63,159

64 500

10,307 11,256

QATAR — 0.18% Qatar Electricity & Water Co. QSC

SOUTH KOREA — 3.20% E-MART Inc. Hana Financial Group Inc.

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(Unaudited) (Continued)

iSHARES® EDGE MSCI MULTIFACTOR GLOBAL ETF

For personal use only

April 30, 2016 Security

Hyundai Engineering & Construction Co. Ltd. Hyundai Mobis Co. Ltd. Hyundai Steel Co. KCC Corp. Kia Motors Corp. Korea Zinc Co. Ltd. KT&G Corp. LG Corp. LG Display Co. Ltd. Lotte Chemical Corp. NCsoft Corp. SPAIN — 0.63% Distribuidora Internacional de Alimentacion SAb Mapfre SA Zardoya Otis SA

Shares

Value

90 $ 3,175 100 22,863 11,041 200 20 7,460 18,918 450 8,698 20 140 15,113 11,954 200 500 10,488 10,269 40 36 7,235 148,777 1,844 4,018 832

SWEDEN — 0.39% Boliden AB Investment AB Kinnevik Class B

10,235 10,193 8,834 29,262

460 354

8,028 10,193 18,221

SWITZERLAND — 3.91% Actelion Ltd. Registered Adecco SA Registered Baloise Holding AG Registered EMS-Chemie Holding AG Registered Galenica AG Registered Geberit AG Registered Kuehne + Nagel International AG Registered Lonza Group AG Registered Partners Group Holding AG Sika AG Bearer Swiss Life Holding AG Registered Swiss Re AG

136 196 76 10 8 54 82 82 34 2 40 474

21,993 12,627 9,412 4,948 11,702 20,749 11,823 13,654 14,011 8,519 10,103 42,084 181,625

2,000 6,000 14,000 2,000 22,000

14,076 4,530 8,247 4,130 6,821

TAIWAN — 1.22% Catcher Technology Co. Ltd. China Life Insurance Co. Ltd./Taiwan Compal Electronics Inc. Foxconn Technology Co. Ltd. Innolux Corp.

Security Novatek Microelectronics Corp. Shin Kong Financial Holding Co. Ltd. WPG Holdings Ltd. THAILAND — 0.11% Bumrungrad Hospital PCL NVDR Delta Electronics Thailand PCL NVDR

Shares

Value

2,000 $ 7,007 28,408 5,752 6,000 6,418 56,981 600 800

3,487 1,649 5,136

TURKEY — 0.24% Eregli Demir ve Celik Fabrikalari TAS Tupras Turkiye Petrol Rafinerileri AS

3,400 200

5,682 5,286 10,968

UNITED KINGDOM — 9.33% 3i Group PLC Admiral Group PLC Auto Trader Group PLCd BAE Systems PLC Barratt Developments PLC Bunzl PLC Carnival PLC Cobham PLC Croda International PLC Direct Line Insurance Group PLC Dixons Carphone PLC easyJet PLC GKN PLC Hargreaves Lansdown PLC ICAP PLC IMI PLC Imperial Brands PLC ITV PLC J Sainsbury PLC Meggitt PLC Mondi PLC Persimmon PLC Provident Financial PLC RELX PLC Rexam PLC Sage Group PLC (The) Segro PLC Shire PLC Smith & Nephew PLC Tate & Lyle PLC Taylor Wimpey PLC Travis Perkins PLC

1,224 246 1,618 4,070 1,268 420 230 1,432 176 1,730 1,232 290 1,750 412 694 342 1,244 4,820 1,566 1,014 486 370 246 1,430 886 1,882 1,240 770 1,124 588 4,246 310

8,492 6,692 8,888 28,457 9,891 12,545 11,445 3,231 7,763 9,172 7,674 6,258 7,145 7,762 4,763 4,684 67,764 15,901 6,627 6,101 9,312 10,770 10,501 25,347 8,112 16,321 7,587 48,063 19,034 5,065 11,463 8,392

177

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iSHARES® EDGE MSCI MULTIFACTOR GLOBAL ETF

For personal use only

April 30, 2016 Security

William Hill PLC Wm Morrison Supermarkets PLC UNITED STATES — 47.58% Accenture PLC Class A Acuity Brands Inc. Advance Auto Parts Inc. Aetna Inc. AGCO Corp. Alleghany Corp.a Alliant Energy Corp. American Water Works Co. Inc. Anthem Inc. Arch Capital Group Ltd.a Archer-Daniels-Midland Co. Arrow Electronics Inc.a Assurant Inc. Autoliv Inc. AutoNation Inc.a Avery Dennison Corp. Avnet Inc. Axis Capital Holdings Ltd. Baxalta Inc. Bed Bath & Beyond Inc.a Best Buy Co. Inc. Broadcom Ltd. Brown-Forman Corp. Class B Bunge Ltd. CA Inc. Cardinal Health Inc. CDK Global Inc. Celanese Corp. Series A CH Robinson Worldwide Inc. Church & Dwight Co. Inc. Cigna Corp. Cintas Corp. Corning Inc. Delphi Automotive PLC DENTSPLY SIRONA Inc. Dick’s Sporting Goods Inc. Dr Pepper Snapple Group Inc. Eaton Vance Corp. NVS Edwards Lifesciences Corp.a Equifax Inc. Everest Re Group Ltd.

178

Shares

Value

1,104 $ 5,057 2,644 7,402 433,681 780 60 106 442 110 20 140 370 340 162 810 122 88 132 110 118 172 122 822 210 434 334 166 192 362 416 182 194 184 140 330 126 1,648 372 258 138 270 148 268 152 56

88,078 14,633 16,547 49,623 5,882 10,426 9,873 26,921 47,862 11,419 32,351 7,576 7,442 16,166 5,572 8,568 7,073 6,499 34,483 9,916 13,923 48,681 15,989 12,000 10,737 32,639 8,658 13,716 13,059 12,978 45,718 11,312 30,768 27,390 15,377 6,395 24,546 5,110 28,464 18,278 10,354

Security Expedia Inc. Expeditors International of Washington Inc. F5 Networks Inc.a Flextronics International Ltd.a FNF Group Foot Locker Inc. GameStop Corp. Class A Gap Inc. (The) Gilead Sciences Inc. Global Payments Inc. Goodyear Tire & Rubber Co. (The) H&R Block Inc. Hartford Financial Services Group Inc. (The) Hasbro Inc. Henry Schein Inc.a HollyFrontier Corp. Hormel Foods Corp. HP Inc. Humana Inc. International Flavors & Fragrances Inc. Jones Lang LaSalle Inc. Juniper Networks Inc. Laboratory Corp. of America Holdingsa Lear Corp. Legg Mason Inc. Leggett & Platt Inc. Lincoln National Corp. Linear Technology Corp. LyondellBasell Industries NV Class A Mallinckrodt PLCa ManpowerGroup Inc. Marathon Petroleum Corp. Marvell Technology Group Ltd. McCormick & Co. Inc./MD MEDNAX Inc.a Mettler-Toledo International Inc.a Michael Kors Holdings Ltd.a Molson Coors Brewing Co. Class B Nasdaq Inc. Newell Brands Inc. Northrop Grumman Corp. O’Reilly Automotive Inc.a Patterson Companies Inc.

Shares

Value

120 $13,892 274 13,593 98 10,266 728 8,845 314 10,017 204 12,534 142 4,658 302 7,000 1,102 97,207 206 14,869 342 9,908 346 7,003 542 24,054 170 14,389 106 17,882 238 8,473 488 18,812 2,348 28,810 192 33,997 102 12,186 70 8,062 456 10,670 126 15,790 92 10,592 130 4,174 218 10,745 326 14,165 246 10,942 476 39,351 146 9,128 100 7,703 704 27,512 486 4,850 184 17,256 132 9,410 36 12,886 234 12,088 222 21,230 148 9,133 342 15,575 242 49,915 130 34,148 104 4,508

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iSHARES® EDGE MSCI MULTIFACTOR GLOBAL ETF

For personal use only

April 30, 2016 Security

Paychex Inc. People’s United Financial Inc. Pinnacle West Capital Corp. Polaris Industries Inc. Principal Financial Group Inc. Progressive Corp. (The) Public Service Enterprise Group Inc. Qorvo Inc.a Quest Diagnostics Inc. Raymond James Financial Inc. ResMed Inc. Robert Half International Inc. Rockwell Automation Inc. Rockwell Collins Inc. Ross Stores Inc. SCANA Corp. SEI Investments Co. Signet Jewelers Ltd. Skyworks Solutions Inc. Snap-on Inc. Southwest Airlines Co. St. Jude Medical Inc. Staples Inc. Synopsys Inc.a TE Connectivity Ltd. TEGNA Inc. Torchmark Corp. Total System Services Inc. Tractor Supply Co. Tyson Foods Inc. Class A Ulta Salon Cosmetics & Fragrance Inc.a United Therapeutics Corp.a Universal Health Services Inc. Class B Unum Group Valero Energy Corp. Varian Medical Systems Inc.a Voya Financial Inc. WABCO Holdings Inc.a Wabtec Corp./DE Waters Corp.a WEC Energy Group Inc. Western Union Co. (The) Westlake Chemical Corp. WR Berkley Corp. Xerox Corp.

Shares

Value

410 $21,369 382 5,921 224 16,274 80 7,830 370 15,792 700 22,820 560 25,833 186 8,376 182 13,681 160 8,347 176 9,821 172 6,589 132 14,978 172 15,169 528 29,980 218 14,974 178 8,558 96 10,422 240 16,037 74 11,787 288 12,848 326 24,841 806 8,221 196 9,314 500 29,740 274 6,401 162 9,378 242 12,376 172 16,282 394 25,933 82 17,079 56 5,891 116 15,507 318 10,879 654 38,501 126 10,229 288 9,351 80 8,973 122 10,117 104 13,537 172 10,012 566 11,320 58 2,911 136 7,616 1,364 13,094

Security XL Group PLC Zimmer Biomet Holdings Inc.

Shares 324 214

TOTAL COMMON STOCKS (Cost: $4,694,644)

Value $

10,605 24,775 2,211,519 4,541,515

PREFERRED STOCKS — 0.75% BRAZIL — 0.56% Cia. Energetica de Minas Gerais Itausa-Investimentos Itau SA SOUTH KOREA — 0.19% Hyundai Motor Co. Series 2

2,400 8,490

4,764 21,306 26,070

100

8,768 8,768

TOTAL PREFERRED STOCKS (Cost: $40,361)

34,838

INVESTMENT COMPANIES — 0.96% INDIA — 0.96% iShares MSCI India ETFe

1,650

TOTAL INVESTMENT COMPANIES (Cost: $46,507)

44,649 44,649 44,649

SHORT-TERM INVESTMENTS — 0.78% MONEY MARKET FUNDS — 0.78% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f

29,370

29,370

1,602

1,602

5,270

5,270 36,242

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Schedule of Investments

(Unaudited) (Continued)

iSHARES® EDGE MSCI MULTIFACTOR GLOBAL ETF

For personal use only

April 30, 2016 Value

TOTAL SHORT-TERM INVESTMENTS (Cost: $36,242)

$

TOTAL INVESTMENTS IN SECURITIES — 100.20% (Cost: $4,817,754) Other Assets, Less Liabilities — (0.20)% NET ASSETS — 100.00%

4,657,244 (9,096) $4,648,148

36,242

ADR - American Depositary Receipts NVS - Non-Voting Shares NVDR - Non-Voting Depositary Receipts a b c

d e f

g

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Schedule of Investments (Unaudited) iSHARES® EDGE MSCI MULTIFACTOR INTL ETF

For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 98.79%

AUSTRALIA — 3.72% Aristocrat Leisure Ltd. Bendigo & Adelaide Bank Ltd. Cochlear Ltd. Dexus Property Group Flight Centre Travel Group Ltd. GPT Group (The) Harvey Norman Holdings Ltd. Incitec Pivot Ltd. LendLease Group Platinum Asset Management Ltd. Qantas Airways Ltd. REA Group Ltd. Sonic Healthcare Ltd. TPG Telecom Ltd. BELGIUM — 2.19% Ageas Colruyt SA Delhaize Group Proximus SADP CANADA — 6.46% Alimentation Couche-Tard Inc. Class B CCL Industries Inc. Class B Constellation Software Inc./Canada Dollarama Inc. Empire Co. Ltd. Class A H&R REIT Industrial Alliance Insurance & Financial Services Inc. Jean Coutu Group PJC Inc. (The) Class A Linamar Corp. Magna International Inc. Class A Metro Inc. Open Text Corp. PrairieSky Royalty Ltd. DENMARK — 4.35% AP Moeller - Maersk A/S Class A AP Moeller - Maersk A/S Class B Chr Hansen Holding A/S

22,575 $ 172,281 130,871 18,400 2,600 214,352 42,000 269,880 71,999 2,400 81,900 314,385 82,738 24,200 71,875 176,621 225,824 23,300 39,888 8,625 25,628 62,977 83,548 2,150 16,425 243,425 103,597 12,675 2,192,386 9,000 3,550 4,600 7,450

353,157 204,438 482,236 250,652 1,290,483

18,250 1,200 825 5,300 7,200 6,925

801,333 220,102 322,953 382,754 119,847 121,185

4,125 3,500 2,075 17,875 10,750 5,100 7,725

137,324 53,313 90,001 752,046 360,364 286,025 162,937 3,810,184

175 300 4,425

238,332 421,956 275,443

Security Coloplast A/S Class B DSV A/S Pandora A/S TDC A/S Tryg A/S William Demant Holding A/Sa

Shares

Value

3,750 $ 281,266 7,857 330,685 4,833 627,711 33,682 172,393 5,175 97,714 1,175 120,785 2,566,285

FINLAND — 0.69% Elisa OYJ Orion OYJ Class B

6,450 4,675

240,907 163,098 404,005

FRANCE — 6.48% Atos SE AXA SA Capgemini SA CNP Assurances Peugeot SAa SCOR SE Societe BIC SA Valeo SA

3,975 53,625 7,300 8,225 18,475 7,150 1,350 3,525

353,704 1,352,147 681,677 140,036 297,409 243,507 191,654 558,972 3,819,106

GERMANY — 3.08% Deutsche Lufthansa AG Registered Hannover Rueck SE HUGO BOSS AG Infineon Technologies AG K+S AG Registered QIAGEN NVa United Internet AG Registeredb

10,625 2,650 3,050 47,500 8,400 150 5,425

165,016 302,243 194,543 675,971 209,544 3,362 264,913 1,815,592

50,000

599,443

175,000 25,000 25,000 214,000 50,000 175,000 150,000 25,000 50,000 25,000

157,467 110,704 68,162 213,526 76,187 118,664 236,297 135,680 232,042 91,206 2,039,378

HONG KONG — 3.46% CK Hutchison Holdings Ltd. HK Electric Investments & HK Electric Investments Ltd.c Hysan Development Co. Ltd.d Kerry Properties Ltd. New World Development Co. Ltd. NWS Holdings Ltd. PCCW Ltd. Sino Land Co. Ltd. Wharf Holdings Ltd. (The) Wheelock & Co. Ltd. Yue Yuen Industrial Holdings Ltd.

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April 30, 2016 Security

IRELAND — 0.18% Ryanair Holdings PLC ADR

Shares

1,277 $

Value

103,373 103,373

ISRAEL — 1.00% Bank Hapoalim BM Bank Leumi le-Israel BMa Mizrahi Tefahot Bank Ltd. Taro Pharmaceutical Industries Ltd.a,d

47,650 60,475 6,500 325

245,367 222,943 75,405 45,416 589,131

ITALY — 0.24% UnipolSai SpA

61,375

143,263 143,263

JAPAN — 24.17% Alfresa Holdings Corp. Alps Electric Co. Ltd. Aozora Bank Ltd. Bank of Kyoto Ltd. (The) Brother Industries Ltd. Casio Computer Co. Ltd. Chiba Bank Ltd. (The) Chugoku Bank Ltd. (The) Citizen Holdings Co. Ltd. Daicel Corp. FamilyMart Co. Ltd. Fuji Heavy Industries Ltd. FUJIFILM Holdings Corp. Fukuoka Financial Group Inc. Gunma Bank Ltd. (The) Hachijuni Bank Ltd. (The) Hiroshima Bank Ltd. (The) Hitachi Chemical Co. Ltd. Hitachi High-Technologies Corp. Hitachi Metals Ltd. Hokuhoku Financial Group Inc. Idemitsu Kosan Co. Ltd. Iida Group Holdings Co. Ltd. ITOCHU Corp. Itochu Techno-Solutions Corp. Iyo Bank Ltd. (The) Japan Airlines Co. Ltd. Joyo Bank Ltd. (The) JX Holdings Inc. Kakaku.com Inc. Kamigumi Co. Ltd.

7,500 7,500 50,000 25,000 10,000 5,000 25,000 7,500 12,500 12,000 2,500 25,000 20,000 25,000 25,000 20,000 25,000 2,500 2,500 2,000 50,000 5,000 2,500 70,000 2,500 10,000 5,000 25,000 97,500 5,000 1,000

149,867 139,492 182,719 174,774 119,351 98,836 131,782 80,471 72,901 155,334 135,287 868,265 854,059 88,322 102,575 90,658 93,930 43,834 70,564 21,309 65,424 110,099 48,857 925,744 50,470 68,414 184,728 90,425 428,838 93,135 9,328

182

Security Kaneka Corp. Koito Manufacturing Co. Ltd. Konami Holdings Corp. Konica Minolta Inc. Kose Corp. Kuraray Co. Ltd. Kyushu Financial Group Inc. Marubeni Corp. Maruichi Steel Tube Ltd. Medipal Holdings Corp. Miraca Holdings Inc. Mitsubishi Materials Corp. Mitsubishi Motors Corp. Mitsubishi Tanabe Pharma Corp. Mixi Inc. Nexon Co. Ltd. NH Foods Ltd. NHK Spring Co. Ltd. Nippon Electric Glass Co. Ltd. Nippon Telegraph & Telephone Corp. Nippon Yusen KK Nisshin Seifun Group Inc. NOK Corp. Obic Co. Ltd. Oracle Corp. Japan Osaka Gas Co. Ltd. Otsuka Corp. Resona Holdings Inc. Ryohin Keikaku Co. Ltd. Santen Pharmaceutical Co. Ltd. SBI Holdings Inc./Japan Shimamura Co. Ltd. Sohgo Security Services Co. Ltd. Stanley Electric Co. Ltd. Sumitomo Heavy Industries Ltd. Sumitomo Metal Mining Co. Ltd. Sumitomo Rubber Industries Ltd. Suzuken Co. Ltd./Aichi Japan Toho Gas Co. Ltd. Tokyo Electric Power Co. Holdings Inc.a Toppan Printing Co. Ltd. Toyo Suisan Kaisha Ltd. Toyoda Gosei Co. Ltd. Yamada Denki Co. Ltd.

Shares

Value

25,000 $ 217,767 5,000 226,179 5,000 160,521 20,000 180,943 1,200 115,071 15,000 197,112 15,000 81,593 70,000 383,448 2,500 75,003 5,000 82,200 2,500 109,935 50,000 164,961 27,500 115,403 10,000 183,466 2,500 88,322 5,000 77,761 7,000 159,045 5,000 46,077 25,000 136,689 32,500 1,477,452 75,000 152,110 10,000 168,139 5,000 87,200 2,500 135,754 2,500 138,091 83,000 307,812 2,500 124,305 95,000 349,119 1,000 230,571 17,500 261,040 10,000 108,603 200 27,721 2,500 143,465 5,000 107,108 25,000 110,519 25,000 292,537 7,500 119,164 2,500 89,373 25,000 175,242 67,500 372,214 25,000 221,272 5,000 182,251 2,500 47,923 30,000 154,213

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April 30, 2016 Security

Yokogawa Electric Corp. NETHERLANDS — 4.51% Aegon NV Boskalis Westminster Koninklijke Ahold NV NN Group NV RELX NV

Shares

Value

10,000 $ 112,716 14,247,202 78,550 4,225 37,150 13,900 44,276

450,916 176,167 808,445 481,750 743,177 2,660,455

95,000 290,000 22,500 80,000

204,271 86,306 102,786 58,927 452,290

SPAIN — 1.65% Distribuidora Internacional de Alimentacion SAd Endesa SA Mapfre SA Zardoya Otis SA

35,150 20,369 74,125 14,928

195,095 427,749 188,051 158,497 969,392

SWEDEN — 1.16% Boliden AB Industrivarden AB Class C Investment AB Kinnevik Class B Securitas AB Class B

11,600 6,750 5,175 13,150

202,432 123,011 149,010 207,844 682,297

4,475 7,200 3,800 2,175 375 153 1,675 2,550 2,200 675 1,875 975 250

723,657 463,850 147,679 269,350 185,544 223,793 643,612 367,668 366,322 278,169 341,745 179,335 550,600

SINGAPORE — 0.77% ComfortDelGro Corp. Ltd. Golden Agri-Resources Ltd. UOL Group Ltd. Yangzijiang Shipbuilding Holdings Ltd.

SWITZERLAND — 12.50% Actelion Ltd. Registered Adecco SA Registered Aryzta AG Baloise Holding AG Registered EMS-Chemie Holding AG Registered Galenica AG Registered Geberit AG Registered Kuehne + Nagel International AG Registered Lonza Group AG Registered Partners Group Holding AG Schindler Holding AG Participation Certificates Schindler Holding AG Registered SGS SA Registered

Security Sika AG Bearer Swiss Life Holding AG Registered Swiss Re AG Swisscom AG Registered UNITED KINGDOM — 22.18% 3i Group PLC Admiral Group PLC Auto Trader Group PLCc BAE Systems PLC Barratt Developments PLC Bunzl PLC Cobham PLC Croda International PLC Direct Line Insurance Group PLC Dixons Carphone PLC easyJet PLC GKN PLC ICAP PLC IMI PLC Imperial Brands PLC Investec PLC ITV PLC J Sainsbury PLC Meggitt PLC Mondi PLC Persimmon PLC Petrofac Ltd. Provident Financial PLC RELX PLC Rexam PLC Sage Group PLC (The) Segro PLC Shire PLC Smith & Nephew PLC Smiths Group PLC Sports Direct International PLCa Tate & Lyle PLC Taylor Wimpey PLC Travis Perkins PLC William Hill PLC Wm Morrison Supermarkets PLC TOTAL COMMON STOCKS (Cost: $59,151,545)

Shares

Value

100 $ 425,978 1,400 353,615 14,075 1,249,643 1,175 596,388 7,366,948 40,969 9,225 39,950 132,275 43,850 15,100 49,250 6,100 60,300 41,550 7,400 74,175 23,425 11,325 26,350 13,800 169,425 58,550 33,100 15,825 13,650 11,400 6,350 49,425 33,275 47,075 35,175 17,350 39,625 16,800 11,900 21,275 141,975 10,800 39,050 96,325

284,234 250,950 219,460 924,863 342,056 451,027 111,105 269,060 319,679 258,805 159,677 302,833 160,767 155,117 1,435,346 105,728 558,926 247,789 199,141 303,221 397,318 141,114 271,064 876,073 304,654 408,244 215,232 1,082,977 671,020 272,683 67,149 183,255 383,306 292,371 178,878 269,655 13,074,777 58,226,547

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For personal use only

April 30, 2016 Security

Shares

Value

PREFERRED STOCKS — 0.23%

GERMANY — 0.23% Fuchs Petrolub SE

3,175

TOTAL PREFERRED STOCKS (Cost: $147,986)

$

135,841 135,841 135,841

SHORT-TERM INVESTMENTS — 0.46% MONEY MARKET FUNDS — 0.46% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f

247,557

247,557

13,507

13,507

10,810

10,810 271,874

TOTAL SHORT-TERM INVESTMENTS (Cost: $271,874)

TOTAL INVESTMENTS IN SECURITIES — 99.48% (Cost: $59,571,405) Other Assets, Less Liabilities — 0.52% NET ASSETS — 100.00%

271,874

58,634,262 307,716 $58,941,978

ADR — American Depositary Receipts a b c

d e f

g

Non-income earning security. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Schedule of Investments (Unaudited) iSHARES® EDGE MSCI MULTIFACTOR INTL SMALL-CAP ETF

For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 98.56% AUSTRALIA — 6.26% Ainsworth Game Technology Ltd. Altium Ltd. ARB Corp. Ltd. Austal Ltd. Australian Pharmaceutical Industries Ltd. Bellamy’s Australia Ltd.a Burson Group Ltd. Cabcharge Australia Ltd. Cardno Ltd.a Cedar Woods Properties Ltd. Credit Corp. Group Ltd. Dick Smith Holdings Ltd.a Energy World Corp. Ltd.b ERM Power Ltd. Evolution Mining Ltd. Gateway Lifestyle GDI Property Group Genworth Mortgage Insurance Australia Ltd. GUD Holdings Ltd. IPH Ltd. Japara Healthcare Ltd. JB Hi-Fi Ltd. Magellan Financial Group Ltd. McMillan Shakespeare Ltd. Metals X Ltd. Northern Star Resources Ltd. OzForex Group Ltd. Primary Health Care Ltd. Programmed Maintenance Services Ltd. Regis Healthcare Ltd. Regis Resources Ltd. Select Harvests Ltd. SG Fleet Group Ltd. Shopping Centres Australasia Property Group Sigma Pharmaceuticals Ltd. Sirtex Medical Ltd. Slater & Gordon Ltd.a St. Barbara Ltd.b Tassal Group Ltd. Technology One Ltd.

Security TFS Corp. Ltd.

1,310 $ 1,304 704 3,442 4,170 810 2,768 1,216 2,304 682 484 5,798 8,620 1,818 11,942 3,568 5,788 4,408 1,032 1,044 2,740 1,212 1,408 774 3,660 7,042 2,682 5,900 2,798 1,664 4,680 1,052 1,330 8,054 12,862 668 3,484 5,882 1,620 2,756

2,329 6,120 8,661 4,098 6,237 6,225 10,520 2,988 1,952 2,217 3,738 — 1,250 1,984 17,863 7,651 3,821 8,040 6,726 5,513 5,918 20,321 23,102 7,253 2,877 20,798 4,421 15,624 3,128 6,476 10,357 4,038 3,502 14,383 10,797 15,161 784 10,414 4,822 10,264

Shares

Value

3,926 $

4,674 307,047

844 392

22,322 5,423 27,745

BELGIUM — 1.83% AGFA-Gevaert NVb Barco NV Elia System Operator SA/NV EVS Broadcast Equipment SA Intervest Offices & Warehouses NVb Ion Beam Applications Kinepolis Group NV Melexis NV Mobistar SAb Nyrstar NVa,b

2,206 132 362 150 152 258 178 266 382 2,723

8,765 9,221 18,722 5,084 4,349 10,623 7,849 14,691 8,355 2,152 89,811

CANADA — 3.69% Air Canadab Alacer Gold Corp.b Bird Construction Inc. Canfor Pulp Products Inc. Celestica Inc.b China Gold International Resources Corp. Ltd.b Concordia Healthcare Corp.a CT REIT DIRTT Environmental Solutionsb Dream Global REIT Dream Industrial REIT Exco Technologies Ltd. Gluskin Sheff + Associates Inc. Guyana Goldfields Inc.b Knight Therapeutics Inc.b Logistec Corp. Class B Magellan Aerospace Corp. Martinrea International Inc. Milestone Apartments REIT New Flyer Industries Inc. Rogers Sugar Inc. Silver Standard Resources Inc.a,b Spin Master Corp.b,c

830 2,846 522 396 1,520 3,364 502 300 984 528 218 354 368 1,767 1,058 84 168 1,040 420 562 982 978 156

6,182 7,725 4,847 3,218 16,321 6,822 14,620 3,459 4,258 3,709 1,436 3,801 5,247 10,270 6,833 2,794 2,367 7,879 5,677 16,587 3,928 9,198 3,051

AUSTRIA — 0.57% ams AG Austria Technologie & Systemtechnik AG

185

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Shares

Value

Total Energy Services Inc. Uranium Participation Corp.b Valener Inc. Western Forest Products Inc. Yellow Pages Ltd./Canadab

344 $ 1,610 432 4,554 324

3,622 5,938 7,556 8,180 5,396 180,921

DENMARK — 2.06% Alm Brand A/S Ambu A/S Bavarian Nordic A/Sb Dfds A/S IC Group A/S NNIT A/Sc PER Aarsleff A/S Schouw & Co. SimCorp A/S Spar Nord Bank A/S

974 346 364 390 88 147 220 154 486 1,068

7,239 11,927 13,892 15,574 2,979 4,004 6,077 9,005 21,853 8,711 101,261

FINLAND — 0.18% Atria OYJ F-Secure OYJ HKScan OYJ Class A Ponsse OYJ

120 1,014 316 138

1,230 2,973 1,140 3,531 8,874

484 208 92 84 94 136 58 96 88 286 32 132 70 120 306 240 358 38 84

3,348 3,395 2,388 1,851 7,537 4,019 4,105 1,671 6,800 10,615 2,110 7,624 4,606 2,557 2,538 4,827 11,128 14,515 2,536

FRANCE — 2.14% ABC Arbitrage Albioma SA Assystem Axway Software SA Boiron SA Bonduelle SCA Cegid Group SA Cie. des Alpes FFP Gaztransport Et Technigaz SA Groupe Crit Groupe Fnac SAb Guerbet MGI Coutier Oeneo SA Parrot SAb Saft Groupe SA Sartorius Stedim Biotech Synergie SA

186

Security Trigano SA

Shares 114 $

Value 6,685 104,855

GERMANY — 5.73% ADO Properties SAb,c ADVA Optical Networking SEb Amadeus Fire AG AURELIUS SE & Co KGaA Bechtle AG Cewe Stiftung & Co. KGAA Deutsche Beteiligungs AG Dialog Semiconductor PLCb Draegerwerk AG & Co. KGaA Drillisch AG Freenet AG Gesco AG GFT Technologies SE Grand City Properties SA Init Innovation In Traffic Systems AG Jenoptik AG Nemetschek SE PATRIZIA Immobilien AGb Pfeiffer Vacuum Technology AG RIB Software AGa STRATEC Biomedical AG TLG Immobilien AG XING AG

252 558 58 274 198 60 154 900 32 598 1,569 34 204 1,208 112 522 234 464 116 394 54 800 34

8,298 5,945 4,357 16,388 20,682 3,782 4,553 31,275 1,948 24,681 47,927 2,842 5,002 26,689 1,822 8,164 13,079 10,751 12,470 4,163 3,095 16,919 6,449 281,281

HONG KONG — 2.88% China Strategic Holdings Ltd.b CSI Properties Ltd.a Dah Sing Financial Holdings Ltd. Emperor Entertainment Hotel Ltd. Emperor International Holdings Ltd.a Emperor Watch & Jewellery Ltd.b Enerchina Holdings Ltd.b Freeman Financial Corp. Ltd.b G-Resources Group Ltd. Great Eagle Holdings Ltd. Hang Fat Ginseng Holdings Co. Ltd.a Hsin Chong Group Holdings Ltd.a IT Ltd. Kowloon Development Co. Ltd. Lai Sun Development Co. Ltd.a Liu Chong Hing Investment Ltd.

190,000 80,000 2,400 10,000 12,000 40,000 54,000 120,000 240,000 2,000 60,000 24,000 4,000 4,000 120,000 4,000

5,707 2,434 16,444 3,107 2,413 918 2,228 6,575 5,507 8,122 665 2,506 990 3,852 1,795 4,517

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Shares

Luk Fook Holdings International Ltd. Mason Financial Holdings Ltd.b Pacific Textiles Holdings Ltd. Playmates Toys Ltd. Polytec Asset Holdings Ltd. Prosperity REIT Samson Holding Ltd. Shun Tak Holdings Ltd. Singamas Container Holdings Ltd. SITC International Holdings Co. Ltd. Sitoy Group Holdings Ltd.a SmarTone Telecommunications Holdings Ltd. Sun Hung Kai & Co. Ltd. SUNeVision Holdings Ltd.a Sunlight REIT VST Holdings Ltd.

4,000 $ 120,000 8,000 8,000 20,000 14,000 12,000 16,000 20,000 14,000 4,000 4,000 8,000 8,000 12,000 8,000

9,127 4,950 10,313 2,114 1,727 5,450 1,377 5,342 2,140 7,580 1,454 6,621 4,692 2,671 6,327 1,836 141,501

8,000

11,811 11,811

370

3,441

1,310 66 14,136 170 386 724 46 938

5,216 3,469 23,689 3,595 2,648 1,903 1,244 8,093

70 2,148 280

2,871 6,313 3,446 65,928

816 662 164 164 490

2,232 3,247 2,493 3,597 7,969

IRELAND — 0.24% Hibernia REIT PLC ISRAEL — 1.34% Delek Automotive Systems Ltd. Harel Insurance Investments & Financial Services Ltd. IDI Insurance Co. Ltd. Israel Discount Bank Ltd. Class Ab Ituran Location and Control Ltd. Matrix IT Ltd. Phoenix Holdings Ltd. (The)b Plasson Industries Ltd. Plus500 Ltd. Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. REIT 1 Ltd. Sapiens International Corp. NV ITALY — 1.65% Ascopiave SpA Astaldi SpAa BI Esse SpA/Fossano Danieli & C Officine Meccaniche SpA Danieli & C Officine Meccaniche SpA RSP

Value

Security

Shares

Value

Datalogic SpA DeA Capital SpA Engineering Ingegneria Informatica SpA Esprinet SpA Immobiliare Grande Distribuzione SIIQ SpA La Doria SpA Moleskine SpAa Recordati SpA Reply SpA Vittoria Assicurazioni SpA

254 $ 1,156 50 334 5,450 164 1,262 1,092 54 274

4,626 1,728 3,780 2,917 4,950 2,385 2,908 27,753 7,688 2,791 81,064

JAPAN — 33.44% Aderans Co. Ltd. Ai Holdings Corp. Ain Holdings Inc. Akita Bank Ltd. (The) Anicom Holdings Inc. Aomori Bank Ltd. (The) Arcland Sakamoto Co. Ltd. Artnature Inc. AS ONE Corp. Asahi Holdings Inc. Ashikaga Holdings Co. Ltd. Bank of Iwate Ltd. (The) Bank of Nagoya Ltd. (The) Bank of Saga Ltd. (The) Bank of the Ryukyus Ltd. Belc Co. Ltd. Belluna Co. Ltd. Benefit One Inc. BML Inc. Bunka Shutter Co. Ltd. Calsonic Kansei Corp. Canon Electronics Inc. Cawachi Ltd. Chiba Kogyo Bank Ltd. (The) Chiyoda Integre Co. Ltd. Chori Co. Ltd. Ci:z Holdings Co. Ltd. CKD Corp. CMIC Holdings Co. Ltd. CONEXIO Corp. Corona Corp.

200 400 400 2,000 200 2,000 400 200 200 400 2,000 200 2,000 2,000 400 200 600 200 200 600 2,000 200 200 600 200 200 400 800 200 200 200

1,039 11,832 19,964 5,477 4,925 6,243 4,262 1,699 7,402 5,533 6,094 7,729 6,841 4,131 4,759 8,141 3,101 4,718 8,683 5,226 14,337 2,993 4,789 2,737 4,163 2,944 8,314 6,834 3,015 2,322 1,994

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Create Restaurants Holdings Inc. Create SD Holdings Co. Ltd. Daihen Corp. Daikyonishikawa Corp. Daishi Bank Ltd. (The) Daiwa Industries Ltd. Daiwabo Holdings Co. Ltd. DCM Holdings Co. Ltd. Denyo Co. Ltd. Descente Ltd. Doshisha Co. Ltd. DTS Corp. Eighteenth Bank Ltd. (The) Eiken Chemical Co. Ltd. Eizo Corp. Elecom Co. Ltd. Elematec Corp. en-japan Inc. Enplas Corp. EPS Holdings Inc. Fields Corp. Foster Electric Co. Ltd. Fujibo Holdings Inc. Fujimori Kogyo Co. Ltd. Fukushima Industries Corp. Funai Soken Holdings Inc. G-Tekt Corp. Gecoss Corp. Geo Holdings Corp. GMO Payment Gateway Inc. Godo Steel Ltd. Gunze Ltd. Gurunavi Inc. Happinet Corp. Heiwado Co. Ltd. Hibiya Engineering Ltd. Hiday Hidaka Corp. Hisaka Works Ltd. Hogy Medical Co. Ltd. Hokuetsu Bank Ltd. (The) Hyakugo Bank Ltd. (The) Hyakujushi Bank Ltd. (The) Icom Inc. Idec Corp./Japan Inaba Denki Sangyo Co. Ltd.

188

Shares 600 $ 600 2,000 400 4,000 400 2,000 1,200 200 600 400 200 2,000 200 200 400 200 400 200 400 200 400 2,000 200 200 400 200 200 400 200 2,000 2,000 400 200 400 200 200 400 200 2,000 2,000 2,000 200 400 200

Value

Security

5,658 14,889 10,374 5,716 14,356 3,522 4,019 9,230 2,196 8,613 7,727 4,094 4,879 3,772 5,163 6,912 3,495 6,763 5,832 5,174 3,060 8,692 4,019 4,808 4,572 6,251 2,181 2,086 6,797 13,178 3,776 5,701 9,828 1,722 8,464 2,877 4,843 3,024 11,309 3,533 7,645 5,926 3,946 3,780 6,533

Inabata & Co. Ltd. Ines Corp. Infomart Corp. ITOCHU Enex Co. Ltd. IwaiCosmo Holdings Inc. Japan Digital Laboratory Co. Ltd. Jimoto Holdings Inc. Juroku Bank Ltd. (The) Justsystems Corp. K&O Energy Group Inc. Kaga Electronics Co. Ltd. Kaken Pharmaceutical Co. Ltd. Kamei Corp. Kanematsu Corp. Kanematsu Electronics Ltd. Kasai Kogyo Co. Ltd. Kato Sangyo Co. Ltd. Keihin Corp. Keiyo Bank Ltd. (The) Keiyo Co. Ltd. Kitz Corp. Kiyo Bank Ltd. (The) Koa Corp. Kohnan Shoji Co. Ltd. Konishi Co. Ltd. Konoike Transport Co. Ltd. Koshidaka Holdings Co. Ltd. Kura Corp.a Kurabo Industries Ltd. Kureha Corp. Kurimoto Ltd. Kuroda Electric Co. Ltd. Kusuri No Aoki Co. Ltd. Kyokuto Securities Co. Ltd. Macnica Fuji Electronics Holdings Inc. Maeda Road Construction Co. Ltd. Mani Inc. Marudai Food Co. Ltd. Matsuda Sangyo Co. Ltd. Meiko Network Japan Co. Ltd. Melco Holdings Inc. Menicon Co. Ltd. METAWATER Co. Ltd. Mie Bank Ltd. (The) Mimasu Semiconductor Industry Co. Ltd.

Shares 600 $ 400 600 600 200 200 2,800 4,000 400 200 200 400 400 4,000 200 400 200 600 2,000 400 1,000 800 400 400 400 400 200 200 2,000 2,000 2,000 400 200 200 400 1,000 200 2,000 200 200 200 200 200 2,000 200

Value 6,056 4,348 5,524 5,064 1,929 2,780 3,821 12,187 3,342 2,421 2,436 22,693 3,724 6,243 3,542 4,034 5,062 9,135 7,570 1,966 4,159 9,967 2,897 7,028 5,144 4,830 3,998 8,757 3,645 7,047 3,103 6,352 10,935 2,376 4,587 18,627 3,368 8,505 2,193 2,249 4,088 6,711 5,683 3,795 1,993

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Ministop Co. Ltd. MIRAIT Holdings Corp. Mitsubishi Pencil Co. Ltd. Mitsubishi Steel Manufacturing Co. Ltd. Mitsui High-Tec Inc. Miyazaki Bank Ltd. (The) Morita Holdings Corp. Musashino Bank Ltd. (The) Nagaileben Co. Ltd. Nakanishi Inc. Nanto Bank Ltd. (The) Neturen Co. Ltd. Nichi-Iko Pharmaceutical Co. Ltd. Nichias Corp. Nichiha Corp. Nihon M&A Center Inc. Nippon Beet Sugar Manufacturing Co. Ltd. Nippon Ceramic Co. Ltd. Nippon Densetsu Kogyo Co. Ltd. Nippon Flour Mills Co. Ltd. Nippon Kanzai Co. Ltd. Nippon Signal Co. Ltd. Nippon Soda Co. Ltd. Nippon Steel & Sumikin Bussan Corp. Nishimatsu Construction Co. Ltd. Nishimatsuya Chain Co. Ltd. Nisshin OilliO Group Ltd. (The) Nissin Electric Co. Ltd. Nitta Corp. Nitto Kogyo Corp. Nitto Kohki Co. Ltd. Nojima Corp. Nomura Co. Ltd. Noritake Co. Ltd./Nagoya Japan North Pacific Bank Ltd. Ogaki Kyoritsu Bank Ltd. (The) Oita Bank Ltd. (The) Okinawa Electric Power Co. Inc. (The) Open House Co. Ltd. Osaka Soda Co. Ltd. Pacific Industrial Co. Ltd. Pack Corp. (The) Pal Co. Ltd. PALTAC Corp.

Shares 200 $ 800 200 2,000 400 2,000 400 400 200 200 4,000 400 600 2,000 400 400 2,000 200 400 2,000 200 600 2,000 2,000 4,000 600 2,000 600 200 400 200 400 400 2,000 4,200 4,000 2,000 400 400 2,000 400 200 200 400

Value

Security

3,277 7,238 9,888 3,421 2,542 5,197 4,920 10,483 4,215 6,589 11,552 2,834 14,816 13,309 6,314 23,702 3,477 3,710 8,049 15,758 3,140 5,182 10,879 7,271 17,795 7,004 8,636 7,223 5,071 6,613 4,032 4,636 6,939 4,524 11,030 12,711 6,262 10,393 8,972 7,720 4,015 4,823 5,030 7,335

Paramount Bed Holdings Co. Ltd. Piolax Inc. Press Kogyo Co. Ltd. Pressance Corp. Prima Meat Packers Ltd. Proto Corp. Qol Co. Ltd. Raito Kogyo Co. Ltd. Relo Holdings Inc. Riso Kagaku Corp. Ryobi Ltd. Ryosan Co. Ltd. Ryoyo Electro Corp. S Foods Inc.a Sac’s Bar Holdings Inc. Sakai Chemical Industry Co. Ltd. Sakata Seed Corp. San-A Co. Ltd. San-in Godo Bank Ltd. (The) Seiren Co. Ltd. Sekisui Jushi Corp. Septeni Holdings Co. Ltd. Shikoku Bank Ltd. (The) Shimachu Co. Ltd. Shin-Etsu Polymer Co. Ltd. Shinko Plantech Co. Ltd. Shizuoka Gas Co. Ltd. SIIX Corp. Sintokogio Ltd. SMS Co. Ltd. St. Marc Holdings Co. Ltd. Starts Corp. Inc. Sumitomo Bakelite Co. Ltd. Sumitomo Densetsu Co. Ltd. Sun Frontier Fudousan Co. Ltd. T-Gaia Corp. Tabuchi Electric Co. Ltd. Tachi-S Co. Ltd. Taiho Kogyo Co. Ltd. Takamatsu Construction Group Co. Ltd. Takara Leben Co. Ltd. Takasago Thermal Engineering Co. Ltd. Takeuchi Manufacturing Co. Ltd. Tatsuta Electric Wire and Cable Co. Ltd. TechnoPro Holdings Inc.

Shares 200 $ 200 1,000 200 2,000 200 200 600 200 400 2,000 400 200 200 200 2,000 400 200 2,000 600 400 200 2,000 800 800 400 600 200 600 400 200 400 2,000 200 200 400 400 400 200 200 1,000 800 400 600 400

Value 7,683 10,804 3,552 7,225 5,664 2,654 2,922 6,505 26,637 6,423 7,608 9,963 2,467 4,853 2,611 5,683 10,352 9,477 13,384 6,382 5,716 4,841 3,981 19,208 4,897 3,148 4,189 6,122 5,215 7,671 5,537 8,535 8,542 2,538 1,929 5,039 1,828 5,611 2,247 4,374 6,655 10,311 6,340 1,940 11,477

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Teikoku Sen-I Co. Ltd. TKC Corp. Toa Corp./Tokyo Tocalo Co. Ltd. Tochigi Bank Ltd. (The) Toho Bank Ltd. (The) Toho Holdings Co. Ltd. Tohokushinsha Film Corp. Tokai Corp./Gifu Tokyo Seimitsu Co. Ltd. Tokyo TY Financial Group Inc. Tokyu Construction Co. Ltd. TOMONY Holdings Inc. Toppan Forms Co. Ltd. Topre Corp. TOPY Industries Ltd. Totetsu Kogyo Co. Ltd. Towa Bank Ltd. (The) Towa Pharmaceutical Co. Ltd. Toyo Construction Co. Ltd. Toyo Corp./Chuo-ku Toyo Kanetsu KK Toyo Kohan Co. Ltd. TPR Co. Ltd. Transcosmos Inc. Trusco Nakayama Corp. Tsukuba Bank Ltd. Tsurumi Manufacturing Co. Ltd. Tsutsumi Jewelry Co. Ltd. UKC Holdings Corp. Unipres Corp. United Super Markets Holdings Inc. Valor Holdings Co. Ltd. Vital KSK Holdings Inc. Wakita & Co. Ltd. Warabeya Nichiyo Co. Ltd. Xebio Holdings Co. Ltd. Yahagi Construction Co. Ltd. YAMABIKO Corp. Yamagata Bank Ltd. (The) Yamanashi Chuo Bank Ltd. (The) Yaoko Co. Ltd. Yellow Hat Ltd. Yodogawa Steel Works Ltd. Yondoshi Holdings Inc.

190

Shares 200 $ 200 2,000 200 2,000 2,000 600 400 200 600 400 1,000 2,000 600 400 2,000 200 4,000 200 1,000 400 2,000 600 200 400 200 800 200 200 200 400 800 400 400 600 200 200 400 800 2,000 2,000 200 200 400 200

Value

Security

2,888 5,645 4,542 3,697 7,963 6,823 14,350 2,288 5,907 12,999 10,535 8,440 5,926 6,819 8,202 3,981 5,926 3,365 9,421 4,393 4,165 4,262 1,951 5,253 10,883 8,169 2,168 2,737 4,269 3,671 7,365 7,507 9,929 3,495 4,284 3,832 3,292 2,920 5,929 7,458 7,645 9,141 4,196 9,294 5,008

Yonex Co. Ltd. Yorozu Corp. Yuasa Trading Co. Ltd. Yusen Logistics Co. Ltd. NETHERLANDS — 0.93% Accell Group Amsterdam Commodities NV BinckBank NV Euronext NVc

Shares

Value

200 $ 8,412 200 4,157 200 4,653 200 2,426 1,640,938 248 180 702 740

5,256 4,864 4,134 31,275 45,529

NEW ZEALAND — 0.34% New Zealand Refining Co. Ltd. (The) Nuplex Industries Ltd. Summerset Group Holdings Ltd.

1,878 2,176 1,515

3,926 8,019 4,704 16,649

NORWAY — 3.10% Atea ASA Austevoll Seafood ASA Avance Gas Holding Ltd.a,c Bakkafrost P/F Borregaard ASA BW LPG Ltd.c Fred Olsen Energy ASAb Kongsberg Automotive ASAb Leroy Seafood Group ASA Nordic Semiconductor ASAa,b Prosafe SEa Protector Forsikring ASA Salmar ASA Sparebank 1 Nord Norge SpareBank 1 SMN Stolt-Nielsen Ltd. Storebrand ASAb Tanker Investments Ltd.b

1,070 1,238 448 486 1,280 870 638 4,486 254 1,532 4,244 730 592 1,048 1,466 250 5,610 420

10,033 10,416 3,054 17,195 9,577 5,229 2,765 3,627 12,397 8,913 2,567 7,139 14,704 4,907 9,012 3,307 23,750 3,390 151,982

PORTUGAL — 0.35% CTT-Correios de Portugal SA

1,872

17,299 17,299

SINGAPORE — 1.03% Ascendas India Trust Chip Eng Seng Corp. Ltd. First REIT

8,600 6,400 5,600

6,111 3,381 5,208

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Shares

Value

Security SWITZERLAND — 4.95% Ascom Holding AG Registered Autoneum Holding AG BKW AG Bossard Holding AG Burkhalter Holding AG Comet Holding AG Registered Conzzeta AG Cosmo Pharmaceuticals SAb dorma+kaba Holding AG Class B Feintool International Holding AG Forbo Holding AG Registered Inficon Holding AG Registered Intershop Holdings AG Kardex AG Bearer Komax Holding AG Registered Mobilezone Holding AG Orascom Development Holding AGb Schweiter Technologies AG Bearer Siegfried Holding AG Registered Straumann Holding AG Registered Tecan Group AG Registered U-Blox AG Vetropack Holding AG Bearer Walter Meier AG Zehnder Group AGb

Ho Bee Land Ltd. QAF Ltd. Religare Health Trust Sheng Siong Group Ltd. Tuan Sing Holdings Ltd. Wing Tai Holdings Ltd. Yanlord Land Group Ltd.

2,000 $ 2,000 8,400 6,800 6,200 9,000 6,800

3,289 1,614 6,437 4,503 1,476 12,555 6,122 50,696

SPAIN — 0.99% Cia. de Distribucion Integral Logista Holdings SA Faes Farma SA Laboratorios Farmaceuticos Rovi SA Miquel y Costas & Miquel SA Tecnicas Reunidas SAa

571 3,622 262 134 444

12,583 11,388 4,432 5,464 14,915 48,782

SWEDEN — 4.47% Avanza Bank Holding AB B&B Tools AB Class B Betsson AB Bilia AB Class A BioGaia AB Class B Bure Equity AB Byggmax Group AB Capio ABb,c Collector ABb Concentric AB Duni AB Evolution Gaming Group ABc Granges AB Industrial & Financial Systems Class B Investment AB Oresund Inwido AB ITAB Shop Concept AB Lifco AB Class B Medivir AB Class Bb Mycronic AB NetEnt AB New Wave Group AB Class B Nolato AB Class B RaySearch Laboratories ABb Tethys Oil AB Unibet Group PLC Vitrolife AB

274 286 1,412 408 162 618 634 486 308 536 410 442 656 56 172 616 146 502 320 782 336 696 232 300 486 2,848 142

10,776 5,757 19,114 9,765 4,099 5,392 5,137 2,599 5,375 6,080 5,967 15,867 4,845 2,541 4,824 7,755 4,532 13,015 2,214 6,117 21,172 3,210 6,261 4,338 3,483 32,163 6,956 219,354

UNITED KINGDOM — 20.39% 888 Holdings PLC Abcam PLC Acacia Mining PLC Advanced Medical Solutions Group PLC AVEVA Group PLC Beazley PLC Bellway PLC Bovis Homes Group PLC Brewin Dolphin Holdings PLC Cape PLC Card Factory PLC Centamin PLC Chemring Group PLC Chesnara PLC Cineworld Group PLC Clinigen Healthcare Ltd.b

Shares

418 $ 38 170 66 42 8 12 62 38 28 14 20 12 84 38 250 222 14 40 118 122 72 4 64 108

1,646 2,107 1,955 2,358 786 5,960 1,500 1,662 3,304 1,626 3,692 12,704 3,478 1,686 2,296 960

Value

6,847 9,067 7,396 7,175 5,236 5,580 7,762 10,246 24,659 2,834 17,060 6,604 5,634 6,779 8,401 3,534 1,908 13,240 7,512 40,934 16,954 14,302 6,260 2,173 4,569 242,666 5,208 18,241 10,075 6,304 18,538 28,454 53,769 21,230 13,262 5,472 19,703 22,500 7,286 7,545 17,422 7,538

191

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April 30, 2016 Security

Costain Group PLC Crest Nicholson Holdings PLC CVS Group PLC Dairy Crest Group PLC Dart Group PLC Debenhams PLC Diploma PLC Domino’s Pizza Group PLC DX Group PLC Enterprise Inns PLCb esure Group PLC Ferrexpo PLC Fevertree Drinks PLC Foxtons Group PLC Galliford Try PLC GAME Digital PLC Gem Diamonds Ltd. Globo PLCb Greggs PLC GVC Holdings PLC Halfords Group PLC Home Retail Group PLC Howden Joinery Group PLC Indivior PLC Interserve PLC iomart Group PLC ITE Group PLC John Laing Group PLCc John Menzies PLC JRP Group PLC Kainos Group PLC Kcom Group PLC Keller Group PLC Laird PLC Lancashire Holdings Ltd. Lookers PLC Majestic Wine PLCb Moneysupermarket.com Group PLC NewRiver Retail Ltd. Northgate PLC OneSavings Bank PLC Premier Foods PLCb QinetiQ Group PLC Redcentric PLC Redde PLC

192

Shares 1,080 $ 3,094 718 1,638 1,106 10,088 1,372 2,038 3,252 6,304 3,628 2,464 956 3,086 1,032 1,076 1,868 3,686 1,239 534 2,310 9,512 7,521 7,798 1,782 994 3,224 1,964 630 5,394 616 6,492 874 3,188 2,480 3,754 896 5,322 2,715 1,790 988 9,604 7,528 1,606 3,664

Value

Security

4,972 23,614 7,794 13,557 10,118 11,586 14,702 27,422 1,072 8,011 14,265 1,354 8,550 6,532 19,290 1,797 3,708 — 18,749 4,240 14,284 23,772 54,427 18,369 11,154 3,939 7,332 6,114 4,598 10,865 1,690 9,843 11,312 16,271 19,963 7,649 5,736 24,472 12,826 10,575 4,149 5,487 24,669 4,423 8,319

Redrow PLC RPS Group PLC SafeCharge International Group Ltd. Safestore Holdings PLC Savills PLC Scapa Group PLC Schroder REIT Ltd. Shawbrook Group PLCb,c Skyepharma PLCb ST Modwen Properties PLC Stallergenes Greer PLCb SuperGroup PLC SVG Capital PLCb Synthomer PLC Ted Baker PLC Telford Homes PLC Telit Communications PLC TT electronics PLC Tullett Prebon PLC WH Smith PLC Xaar PLC Zeal Network SE

Shares

Value

2,744 $ 15,395 2,866 7,326 608 2,142 2,500 12,400 1,606 17,457 1,974 7,041 6,018 5,157 1,132 4,753 958 6,589 2,304 10,341 44 1,342 504 9,000 1,924 14,515 3,548 18,087 348 12,158 930 4,530 990 2,853 1,908 4,332 3,076 15,262 1,368 33,567 1,008 7,162 62 2,873 1,000,400

TOTAL COMMON STOCKS (Cost: $4,886,332)

4,836,394

PREFERRED STOCKS — 0.80% GERMANY — 0.80% Draegerwerk AG & Co. KGaA Sartorius AG STO SE & Co. KGaA Villeroy & Boch AG

94 108 28 200

TOTAL PREFERRED STOCKS (Cost: $42,334)

6,237 26,651 3,457 3,112 39,457 39,457

SHORT-TERM INVESTMENTS — 2.21% MONEY MARKET FUNDS — 2.21% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%d,e,f BlackRock Cash Funds: Prime, SL Agency Shares 0.49%d,e,f

101,640

101,640

5,546

5,546

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 100.09% AEROSPACE & DEFENSE — 0.63% Cubic Corp. Engility Holdings Inc.a KLX Inc.a National Presto Industries Inc.

295 $ 234 699 64

12,263 4,603 23,570 5,580 46,016

AIR FREIGHT & LOGISTICS — 0.19% Air Transport Services Group Inc.a Atlas Air Worldwide Holdings Inc.a Echo Global Logistics Inc.a

222 85 315

3,128 3,395 7,361 13,884

AIRLINES — 0.39% Allegiant Travel Co. Hawaiian Holdings Inc.a,b SkyWest Inc. Virgin America Inc.a,b

55 179 175 143

8,831 7,531 4,112 7,964 28,438

AUTO COMPONENTS — 1.40% Cooper Tire & Rubber Co. Cooper-Standard Holding Inc.a Drew Industries Inc. Fox Factory Holding Corp.a,b Gentherm Inc.a,b Motorcar Parts of America Inc.a,b Standard Motor Products Inc. Superior Industries International Inc.

706 173 301 305 431 241 259 279

24,385 13,340 19,514 5,280 15,835 7,729 9,197 7,287 102,567

AUTOMOBILES — 0.64% Thor Industries Inc. Winnebago Industries Inc.

608 350

38,924 7,574 46,498

BANKS — 11.67% 1st Source Corp. Ameris Bancorp. Arrow Financial Corp. Banc of California Inc. BancFirst Corp. Bancorp. Inc. (The)a BBCN Bancorp. Inc. Berkshire Hills Bancorp. Inc. Blue Hills Bancorp. Inc.

170 438 155 495 94 455 922 396 370

5,855 13,753 4,365 10,073 5,863 2,580 14,402 10,747 5,395

Security BNC Bancorp. Bridge Bancorp. Inc. Brookline Bancorp. Inc. Bryn Mawr Bank Corp. Camden National Corp. Capital Bank Financial Corp. Class A Cardinal Financial Corp. Cascade Bancorp.a CenterState Banks Inc. Central Pacific Financial Corp. Chemical Financial Corp. City Holding Co. CoBiz Financial Inc. Columbia Banking System Inc. Community Trust Bancorp. Inc. ConnectOne Bancorp. Inc. Eagle Bancorp. Inc.a,b Enterprise Financial Services Corp. FCB Financial Holdings Inc. Class Aa Fidelity Southern Corp. First BanCorp./Puerto Ricoa First Busey Corp. First Community Bancshares Inc./VA First Financial Bancorp. First Financial Corp./IN First Interstate BancSystem Inc. First Merchants Corp. First NBC Bank Holding Co.a German American Bancorp. Inc. Great Southern Bancorp. Inc. Great Western Bancorp. Inc. Hanmi Financial Corp. Heartland Financial USA Inc. Heritage Financial Corp./WA HomeTrust Bancshares Inc.a Independent Bank Corp./Rockland MA Independent Bank Group Inc. Lakeland Bancorp. Inc. Lakeland Financial Corp. MainSource Financial Group Inc. National Bank Holdings Corp. Class A NBT Bancorp. Inc. OFG Bancorp. Opus Bank Pacific Premier Bancorp. Inc.a

Shares 480 $ 213 918 159 135 299 430 415 602 419 504 204 455 756 211 386 398 234 407 241 1,644 334 209 803 124 278 515 223 160 134 686 424 223 404 254 331 155 540 220 280 405 571 575 266 280

Value 10,733 6,484 10,447 4,519 5,874 9,039 9,516 2,511 9,807 9,779 19,384 10,020 5,510 22,294 7,569 6,643 20,179 6,405 14,225 3,894 6,412 6,827 4,349 15,658 4,393 7,534 13,210 4,848 5,157 5,073 21,623 9,803 7,473 7,454 4,712 15,567 5,673 5,989 10,404 6,118 8,096 16,182 5,077 9,608 6,513

197

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April 30, 2016 Security

Shares

Value

Peoples Bancorp. Inc./OH Pinnacle Financial Partners Inc. Popular Inc. Preferred Bank/Los Angeles CA Renasant Corp. Republic Bancorp. Inc./KY Class A S&T Bancorp. Inc. Sandy Spring Bancorp. Inc. ServisFirst Bancshares Inc. Simmons First National Corp. Class A State Bank Financial Corp. Sterling Bancorp./DE Stock Yards Bancorp. Inc. Talmer Bancorp. Inc. Class A Tompkins Financial Corp. TowneBank/Portsmouth VA TriCo Bancshares Tristate Capital Holdings Inc.a,b Union Bankshares Corp. Univest Corp. of Pennsylvania Washington Trust Bancorp. Inc. WesBanco Inc. Wilshire Bancorp. Inc. Yadkin Financial Corp. Zions BanCorp.

205 $ 465 1,356 164 501 139 435 325 291 376 471 1,404 189 805 177 546 276 304 592 264 195 465 934 366 2,682

4,405 22,864 40,300 5,209 17,204 3,796 11,166 9,292 14,340 17,559 9,834 22,941 7,643 15,617 11,565 11,466 7,430 4,061 15,635 5,211 7,143 14,940 10,059 9,157 73,809 854,264

BEVERAGES — 0.24% Coca-Cola Bottling Co. Consolidated National Beverage Corp.a

67 154

10,678 7,198 17,876

BIOTECHNOLOGY — 1.93% AMAG Pharmaceuticals Inc.a,b Chiasma Inc.a,b Eagle Pharmaceuticals Inc./DEa,b Emergent BioSolutions Inc.a,b Enanta Pharmaceuticals Inc.a,b Insys Therapeutics Inc.a,b Kite Pharma Inc.a,b MiMedx Group Inc.a,b Myriad Genetics Inc.a NewLink Genetics Corp.a,b Osiris Therapeutics Inc.b PDL BioPharma Inc. Progenics Pharmaceuticals Inc.a,b

198

469 139 114 416 145 330 474 1,223 915 297 219 2,050 979

12,438 468 4,316 16,024 4,234 4,782 21,937 9,209 32,940 4,814 1,229 7,729 5,198

Security

Shares

Value

Repligen Corp.a Vanda Pharmaceuticals Inc.a

411 $ 588

BUILDING PRODUCTS — 1.09% AAON Inc. American Woodmark Corp.a Apogee Enterprises Inc. Gibraltar Industries Inc.a Griffon Corp. Insteel Industries Inc. Patrick Industries Inc.a,b Universal Forest Products Inc.

554 181 30 390 404 225 158 265

14,692 13,184 1,243 10,316 6,387 6,523 7,244 20,312 79,901

1,295 42 199 595 145 206 164 101

4,513 7,361 5,433 8,151 2,216 8,592 1,486 5,812 43,564

285 315 125 314

1,775 3,541 4,891 15,185 25,392

CAPITAL MARKETS — 0.60% Cowen Group Inc. Class Aa,b Diamond Hill Investment Group Inc. INTL. FCStone Inc.a KCG Holdings Inc. Class Aa,b Oppenheimer Holdings Inc. Class A Piper Jaffray Companiesa Pzena Investment Management Inc. Class A Westwood Holdings Group Inc. CHEMICALS — 0.35% AgroFresh Solutions Inc.a FutureFuel Corp. Hawkins Inc. Innospec Inc.

COMMERCIAL SERVICES & SUPPLIES — 1.74% ACCO Brands Corp.a 1,415 Deluxe Corp. 444 Ennis Inc. 335 InnerWorkings Inc.a,b 504 Kimball International Inc. Class B 439 Knoll Inc. 640 McGrath RentCorp 286 Multi-Color Corp. 176 Quad/Graphics Inc. 351 UniFirst Corp./MA 200 Viad Corp. 264

10,949 5,233 141,500

13,499 27,874 6,546 4,118 5,110 14,944 6,973 10,530 4,405 21,676 7,854

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April 30, 2016 Security

VSE Corp.

Shares 59 $

Value 3,660 127,189

COMMUNICATIONS EQUIPMENT — 1.17% Black Box Corp. Calix Inc.a Comtech Telecommunications Corp. InterDigital Inc./PA Ixiaa NETGEAR Inc.a Plantronics Inc. ShoreTel Inc.a

220 529 223 463 744 395 449 874

3,216 3,666 5,397 26,382 7,529 16,748 17,264 5,349 85,551

CONSTRUCTION & ENGINEERING — 1.04% Aegion Corp.a Argan Inc. Comfort Systems USA Inc. Dycom Industries Inc.a,b MYR Group Inc.a Tutor Perini Corp.a,b

480 172 489 428 275 526

10,190 5,879 14,421 30,217 7,015 8,321 76,043

CONSTRUCTION MATERIALS — 0.17% U.S. Concrete Inc.a,b U.S. Lime & Minerals Inc.

182 29

11,240 1,554 12,794

CONSUMER FINANCE — 0.39% Cash America International Inc. Ezcorp Inc. Class Aa Green Dot Corp. Class Aa,b World Acceptance Corp.a,b

335 703 399 82

DISTRIBUTORS — 0.36% Core-Mark Holding Co. Inc. Weyco Group Inc.

12,381 3,480 8,870 3,558 28,289

291 89

23,763 2,496 26,259

DIVERSIFIED CONSUMER SERVICES — 1.17% American Public Education Inc.a,b 200 Apollo Education Group Inc.a 1,318 Bridgepoint Education Inc.a,b 255 Capella Education Co. 153 Carriage Services Inc. 210 DeVry Education Group Inc. 806 Graham Holdings Co. Class B 58 K12 Inc.a 450

4,632 10,280 2,433 8,463 5,130 13,984 27,639 5,531

Security Strayer Education Inc.a DIVERSIFIED FINANCIAL SERVICES — 0.15% FNFV Groupa,b

Shares 149 $

1,043

Value 7,396 85,488 11,233 11,233

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.55% Fairpoint Communications Inc.a 301 3,991 IDT Corp. Class B 240 3,682 Inteliquent Inc. 452 7,499 Iridium Communications Inc.a,b 1,076 8,683 Straight Path Communications Inc. Class Ba,b 135 4,941 Vonage Holdings Corp.a 2,446 11,423 40,219 ELECTRIC UTILITIES — 0.56% El Paso Electric Co. 490 22,099 Empire District Electric Co. (The) 552 18,586 40,685 ELECTRICAL EQUIPMENT — 0.25% AZZ Inc. 337 18,508 18,508 ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.62% AVX Corp. 672 8,884 Benchmark Electronics Inc.a 673 13,070 Checkpoint Systems Inc.a 569 5,758 CTS Corp. 384 6,363 Daktronics Inc. 522 4,541 DTS Inc./CAa 215 4,691 Electro Rent Corp. 260 2,603 ePlus Inc.a 86 6,913 II-VI Inc.a 680 14,191 Insight Enterprises Inc.a,b 495 12,231 Jabil Circuit Inc. 2,230 38,713 Kimball Electronics Inc.a 385 4,212 Methode Electronics Inc. 479 14,241 MTS Systems Corp. 182 10,232 Multi-Fineline Electronix Inc.a 130 2,990 Newport Corp.a 514 11,817 OSI Systems Inc.a 246 12,519 Park Electrochemical Corp. 270 4,404 PC Connection Inc. 145 3,447 Plexus Corp.a 436 18,207

199

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April 30, 2016 Security

QLogic Corp.a Rofin-Sinar Technologies Inc.a Rogers Corp.a Sanmina Corp.a ScanSource Inc.a Tech Data Corp.a TTM Technologies Inc.a,b Vishay Intertechnology Inc.

Shares

Value

1,110 $ 372 230 1,038 355 466 873 1,774

14,530 11,975 13,193 24,549 14,441 32,009 5,692 21,572 337,988

ENERGY EQUIPMENT & SERVICES — 0.23% Matrix Service Co.a Natural Gas Services Group Inc.a PHI Inc. NVSa Transocean Partners LLC

358 164 159 264

6,745 3,770 3,565 3,120 17,200

FOOD & STAPLES RETAILING — 0.42% Ingles Markets Inc. Class A Natural Grocers by Vitamin Cottage Inc.a SpartanNash Co. Village Super Market Inc. Class A Weis Markets Inc.

162 139 491 95 159

5,843 1,857 13,601 2,318 7,238 30,857

FOOD PRODUCTS — 1.34% Cal-Maine Foods Inc.b Farmer Bros. Co.a Fresh Del Monte Produce Inc. John B Sanfilippo & Son Inc. Landec Corp.a Omega Protein Corp.a Sanderson Farms Inc. Seaboard Corp.a,b Seneca Foods Corp. Class Aa

401 119 451 105 324 305 266 4 90

20,355 3,595 19,510 5,810 3,645 5,670 24,403 12,012 2,933 97,933

GAS UTILITIES — 1.80% Chesapeake Utilities Corp. New Jersey Resources Corp. ONE Gas Inc. WGL Holdings Inc.

200 1,082 660 631

11,904 38,606 38,590 42,839 131,939

HEALTH CARE EQUIPMENT & SUPPLIES — 6.07% Abaxis Inc. 275 ABIOMED Inc.a 530 Analogic Corp. 165

200

12,463 51,484 13,033

Security AngioDynamics Inc.a Anika Therapeutics Inc.a,b AtriCure Inc.a Atrion Corp. Cantel Medical Corp. CONMED Corp. Exactech Inc.a Globus Medical Inc. Class Aa,b Greatbatch Inc.a Hill-Rom Holdings Inc. ICU Medical Inc.a Inogen Inc.a,b Integra LifeSciences Holdings Corp.a LivaNova PLCa,b Masimo Corp.a Meridian Bioscience Inc. Merit Medical Systems Inc.a Natus Medical Inc.a NuVasive Inc.a Orthofix International NVa SurModics Inc.a,b Vascular Solutions Inc.a Zeltiq Aesthetics Inc.a,b

Shares 359 $ 195 399 19 466 335 149 947 338 853 189 170 388 542 633 549 557 431 645 250 174 234 412

HEALTH CARE PROVIDERS & SERVICES — 5.12% AAC Holdings Inc.a,b 120 Aceto Corp. 388 Addus HomeCare Corp.a,b 85 Adeptus Health Inc. Class Aa,b 164 Almost Family Inc.a 110 Amedisys Inc.a 337 AMN Healthcare Services Inc.a 626 Amsurg Corp.a 710 Chemed Corp. 221 CorVel Corp.a 140 Ensign Group Inc. (The) 649 HealthEquity Inc.a,b 449 Healthways Inc.a 430 LHC Group Inc.a 177 LifePoint Health Inc.a 570 Magellan Health Inc.a 197 Molina Healthcare Inc.a,b 553 National Healthcare Corp. 130 PharMerica Corp.a 416

Value 4,398 8,904 6,344 7,549 31,217 13,876 3,388 23,713 11,763 41,243 18,775 8,306 27,478 28,580 27,441 10,491 11,279 13,736 34,146 10,940 3,501 8,178 12,319 444,545 2,471 8,703 1,573 11,172 4,621 17,352 22,229 57,496 28,681 6,328 14,641 11,292 5,010 7,140 38,509 13,881 28,623 8,379 9,834

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Shares

Value

Triple-S Management Corp. Class Ba U.S. Physical Therapy Inc. VCA Inc.a

300 $ 168 958

HEALTH CARE TECHNOLOGY — 0.42% Computer Programs & Systems Inc. Omnicell Inc.a Quality Systems Inc.

144 471 602

7,392 15,006 8,476 30,874

HOTELS, RESTAURANTS & LEISURE — 1.98% BJ’s Restaurants Inc.a Cheesecake Factory Inc. (The) Cracker Barrel Old Country Store Inc.b Del Frisco’s Restaurant Group Inc.a Marcus Corp. (The) Red Robin Gourmet Burgers Inc.a Ruby Tuesday Inc.a Ruth’s Hospitality Group Inc. Speedway Motorsports Inc. Texas Roadhouse Inc.

249 613 240 310 224 177 864 468 159 796

11,105 31,269 35,139 4,938 4,334 11,480 3,802 7,432 2,786 32,413 144,698

HOUSEHOLD DURABLES — 1.70% Cavco Industries Inc.a Century Communities Inc.a,b CSS Industries Inc. Ethan Allen Interiors Inc.b Green Brick Partners Inc.a,b Helen of Troy Ltd.a Installed Building Products Inc.a La-Z-Boy Inc. M/I Homes Inc.a,b NACCO Industries Inc. Class A TopBuild Corp.a Universal Electronics Inc.a,b

104 204 124 339 185 350 245 645 300 49 499 192

HOUSEHOLD PRODUCTS — 0.61% Central Garden & Pet Co.a Central Garden & Pet Co. Class Aa Energizer Holdings Inc.

9,120 3,517 3,467 11,540 1,363 34,836 6,512 16,686 6,030 2,916 15,579 12,751 124,317

135 425 817

2,197 6,923 35,531 44,651

INSURANCE — 10.16% Allied World Assurance Co. Holdings AG

1,196

7,812 8,377 60,325 374,449

42,554

Security American Equity Investment Life Holding Co. American Financial Group Inc./OH American National Insurance Co. AMERISAFE Inc. AmTrust Financial Services Inc. Argo Group International Holdings Ltd. Aspen Insurance Holdings Ltd. Assured Guaranty Ltd. Baldwin & Lyons Inc. Class B CNO Financial Group Inc. Employers Holdings Inc. Endurance Specialty Holdings Ltd. Enstar Group Ltd.a FBL Financial Group Inc. Class A Federated National Holding Co. Fidelity & Guaranty Lifeb Global Indemnity PLCa Hanover Insurance Group Inc. (The) HCI Group Inc. Heritage Insurance Holdings Inc. Horace Mann Educators Corp. Infinity Property & Casualty Corp. James River Group Holdings Ltd. Kemper Corp. Maiden Holdings Ltd. National General Holdings Corp. National Interstate Corp. National Western Life Group Inc. Navigators Group Inc. (The)a ProAssurance Corp. Reinsurance Group of America Inc. Safety Insurance Group Inc. Selective Insurance Group Inc. State Auto Financial Corp. State National Companies Inc. Third Point Reinsurance Ltd.a,b United Insurance Holdings Corp. Universal Insurance Holdings Inc. INTERNET & CATALOG RETAIL — 0.41% 1-800-Flowers.com Inc. Class Aa,b Blue Nile Inc. FTD Companies Inc.a,b

Shares 792 $ 884 108 249 1,157 366 796 1,863 114 2,431 405 833 139 146 188 159 120 520 124 365 524 58 152 524 748 620 109 33 150 671 826 160 739 215 416 762 220 409

354 150 244

Value 11,088 61,093 12,541 13,416 28,751 20,119 36,895 48,196 2,786 44,657 12,029 53,295 22,023 8,829 3,581 4,204 3,774 44,595 3,715 4,851 16,296 4,649 4,706 16,223 9,148 12,518 3,356 7,151 12,392 32,027 78,652 9,058 25,651 4,410 4,692 8,672 3,588 7,202 743,383 2,779 3,867 6,785

201

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Shares

Value

Security Bio-Techne Corp. Cambrex Corp.a,b INC Research Holdings Inc.a Luminex Corp.a PAREXEL International Corp.a,b PRA Health Sciences Inc.a,b

446 $ 416 459 511 703 364

41,558 20,068 22,092 10,271 42,953 17,272 159,752

MACHINERY — 1.61% Alamo Group Inc. Astec Industries Inc. Briggs & Stratton Corp. Douglas Dynamics Inc. ESCO Technologies Inc. FreightCar America Inc. Hyster-Yale Materials Handling Inc. John Bean Technologies Corp. Kadant Inc. Lydall Inc.a,b SPX Corp. Standex International Corp.

130 258 586 290 340 159 117 384 144 228 498 170

7,337 12,487 12,406 6,644 13,083 2,727 7,166 20,022 6,819 8,388 8,018 13,037 118,134

MARINE — 0.06% Matson Inc.

120

4,666 4,666

MEDIA — 1.54% Cable One Inc. Entercom Communications Corp. Class Aa Gannett Co. Inc. Harte-Hanks Inc. MSG Networks Inc. Class Aa,b New Media Investment Group Inc. Scholastic Corp. Time Inc.

65 304 1,431 554 734 534 324 1,440

29,833 3,447 24,112 1,008 12,544 8,571 11,787 21,168 112,470

METALS & MINING — 0.66% Century Aluminum Co.a Kaiser Aluminum Corp. Materion Corp. McEwen Mining Inc.b Schnitzer Steel Industries Inc. Class A

617 225 259 2,802 330

5,442 21,337 7,508 7,285 6,805 48,377

NutriSystem Inc. Overstock.com Inc.a PetMed Express Inc.

390 $ 214 269

8,588 3,122 4,923 30,064

INTERNET SOFTWARE & SERVICES — 0.90% Blucora Inc.a DHI Group Inc.a j2 Global Inc. Liquidity Services Inc.a Stamps.com Inc.a XO Group Inc.a

509 569 548 324 196 299

4,077 4,046 34,809 1,808 16,142 5,280 66,162

679 1,140 290 120 904 1,289 434 410 556 661 416 110 304 765 320 826 568 469 524 509 223 380

21,816 68,218 27,884 5,936 2,097 34,159 19,261 49,479 40,549 50,963 20,130 3,698 4,524 3,817 10,816 43,695 6,771 9,793 27,819 14,837 6,197 13,505 485,964

IT SERVICES — 6.64% Blackhawk Network Holdings Inc.a Broadridge Financial Solutions Inc. CACI International Inc. Class Aa Cass Information Systems Inc. CIBER Inc.a Convergys Corp. CSG Systems International Inc. DST Systems Inc. EPAM Systems Inc.a Euronet Worldwide Inc.a ExlService Holdings Inc.a Forrester Research Inc. Hackett Group Inc. (The) Lionbridge Technologies Inc.a ManTech International Corp./VA Class A MAXIMUS Inc. Net 1 UEPS Technologies Inc.a Perficient Inc.a Science Applications International Corp. Sykes Enterprises Inc.a TeleTech Holdings Inc. Virtusa Corp.a LEISURE PRODUCTS — 1.02% Nautilus Inc.a Smith & Wesson Holding Corp.a,b Sturm Ruger & Co. Inc. Vista Outdoor Inc.a

402 716 245 753

7,091 15,630 15,688 36,129 74,538

LIFE SCIENCES TOOLS & SERVICES — 2.18% Albany Molecular Research Inc.a,b

368

5,538

202

Shares

Value

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Shares

Value

MULTI-UTILITIES — 0.09% Unitil Corp.

174 $

MULTILINE RETAIL — 0.50% Big Lots Inc. Fred’s Inc. Class A

653 444

29,947 6,513 36,460

OIL, GAS & CONSUMABLE FUELS — 0.17% Alon USA Energy Inc. Renewable Energy Group Inc.a,b REX American Resources Corp.a,b

397 419 82

4,169 4,073 4,458 12,700

PAPER & FOREST PRODUCTS — 0.69% Domtar Corp. Neenah Paper Inc. Resolute Forest Products Inc.a

804 223 840

PERSONAL PRODUCTS — 0.23% Medifast Inc. Natural Health Trends Corp.b USANA Health Sciences Inc.a,b

31,067 14,515 4,880 50,462

115 104 78

3,626 3,764 9,238 16,628

PHARMACEUTICALS — 1.28% Amphastar Pharmaceuticals Inc.a ANI Pharmaceuticals Inc.a,b Horizon Pharma PLCa,b Impax Laboratories Inc.a Lannett Co. Inc.a,b SciClone Pharmaceuticals Inc.a Sucampo Pharmaceuticals Inc. Class Aa Supernus Pharmaceuticals Inc.a,b Teligent Inc.a,b

424 105 1,781 839 355 624 289 458 469

5,215 4,774 27,374 27,981 6,809 8,237 3,115 7,859 2,589 93,953

PROFESSIONAL SERVICES — 2.02% Acacia Research Corp. Barrett Business Services Inc. CBIZ Inc.a Exponent Inc. FTI Consulting Inc.a,b Heidrick & Struggles International Inc. Huron Consulting Group Inc.a,b ICF International Inc.a Insperity Inc.

650 84 618 328 550 229 299 225 198

3,133 2,605 6,291 16,348 22,165 4,518 16,627 8,858 10,449

6,877 6,877

Security Kelly Services Inc. Class A Kforce Inc. Korn/Ferry International Navigant Consulting Inc.a Resources Connection Inc. RPX Corp.a

Shares 392 $ 336 680 623 484 668

Value 7,358 6,387 18,455 9,943 7,149 7,402 147,688

REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.70% Agree Realty Corp. 261 Altisource Residential Corp.b 710 Anworth Mortgage Asset Corp. 1,320 Apollo Commercial Real Estate Finance Inc. 876 Chimera Investment Corp. 2,264 New York Mortgage Trust Inc.b 1,356 One Liberty Properties Inc. 175 Resource Capital Corp. 410 Select Income REIT 836 Seritage Growth Propertiesb 331 United Development Funding IVb 294

10,122 8,250 6,230 13,955 32,149 7,051 4,099 4,871 19,353 17,665 941 124,686 REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.25% Forestar Group Inc.a,b 410 5,535 Marcus & Millichap Inc.a 194 4,866 RE/MAX Holdings Inc. Class A 224 8,243 18,644 ROAD & RAIL — 0.61% ArcBest Corp. 320 6,109 Celadon Group Inc. 356 3,585 Covenant Transportation Group Inc. Class Aa,b 160 3,185 Heartland Express Inc.b 575 10,413 Marten Transport Ltd. 342 6,382 PAM Transportation Services Inc.a 44 1,087 Roadrunner Transportation Systems Inc.a 421 4,976 Saia Inc.a 304 8,792 44,529 SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.73% Ambarella Inc.a,b 416 17,098 Brooks Automation Inc. 896 8,476 Cabot Microelectronics Corp. 311 13,028 CEVA Inc.a,b 280 6,457 Cirrus Logic Inc.a 838 30,252

203

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April 30, 2016 Security

Shares

Value

Cohu Inc. Diodes Inc.a FormFactor Inc.a Integrated Device Technology Inc.a IXYS Corp. Kulicke & Soffa Industries Inc.a MaxLinear Inc. Class Aa MKS Instruments Inc. Monolithic Power Systems Inc. NVE Corp. Photronics Inc.a Rudolph Technologies Inc.a Synaptics Inc.a,b Tessera Technologies Inc.

329 $ 515 788 1,695 324 925 686 696 448 60 885 399 445 609

3,803 9,589 6,068 32,680 3,499 9,916 11,490 24,959 27,964 3,443 9,363 5,534 31,840 17,490 272,949

SOFTWARE — 2.47% Ebix Inc. Ellie Mae Inc.a Epiq Systems Inc. Glu Mobile Inc.a,b Manhattan Associates Inc.a MicroStrategy Inc. Class Aa Progress Software Corp.a QAD Inc. Class A Rovi Corp.a VASCO Data Security International Inc.a

354 375 274 1,627 960 123 596 125 1,081 406

17,035 31,350 4,047 4,344 58,119 22,056 15,210 2,451 19,047 7,036 180,695

SPECIALTY RETAIL — 4.44% Aaron’s Inc. Abercrombie & Fitch Co. Class A America’s Car-Mart Inc./TXa,b American Eagle Outfitters Inc. Ascena Retail Group Inc.a,b Barnes & Noble Education Inc.a Barnes & Noble Inc. Big 5 Sporting Goods Corp. Buckle Inc. (The)b Caleres Inc. Cato Corp. (The) Class A Children’s Place Inc. (The) Citi Trends Inc. Express Inc.a Finish Line Inc. (The) Class A Genesco Inc.a,b

859 908 114 255 2,339 530 807 259 364 543 344 271 199 1,008 585 311

22,514 24,271 3,029 3,649 20,607 4,961 9,482 3,131 10,534 13,689 12,587 21,114 3,574 18,325 11,554 21,515

204

Security

Shares

Guess? Inc. Haverty Furniture Companies Inc. Hibbett Sports Inc.a,b Kirkland’s Inc. Murphy USA Inc.a Rent-A-Center Inc./TX Select Comfort Corp.a,b Shoe Carnival Inc. Sportsman’s Warehouse Holdings Inc.a Stage Stores Inc. Stein Mart Inc. TravelCenters of America LLCa Winmark Corp. Zumiez Inc.a,b

849 $ 244 302 214 568 698 679 204 420 425 404 430 29 249

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.56% Lexmark International Inc. Class A Super Micro Computer Inc.a

720 478

TEXTILES, APPAREL & LUXURY GOODS — 1.65% Columbia Sportswear Co. 355 G-III Apparel Group Ltd.a 538 Movado Group Inc. 219 Sequential Brands Group Inc.a 494 Skechers U.S.A. Inc. Class Aa 1,711 Unifi Inc.a 200 Vera Bradley Inc.a,b 275 THRIFTS & MORTGAGE FINANCE — 2.15% Bank Mutual Corp. Beneficial Bancorp. Inc.a BofI Holding Inc.a,b Federal Agricultural Mortgage Corp. Class C Flagstar Bancorp. Inc.a,b HomeStreet Inc.a,b LendingTree Inc.a,b Meridian Bancorp. Inc. Northfield Bancorp. Inc. Northwest Bancshares Inc. Oritani Financial Corp. Provident Financial Services Inc. TrustCo Bank Corp. NY

584 1,082 707 114 305 289 91 290 541 1,276 491 776 1,273

Value 15,579 4,555 10,902 3,514 32,615 10,261 16,758 5,228 4,780 3,128 2,925 3,122 2,761 4,178 324,842 27,792 12,863 40,655 20,792 24,344 6,178 2,742 56,549 5,152 4,824 120,581 4,719 15,029 14,402 4,638 7,219 6,228 8,142 4,240 8,580 17,889 8,509 15,504 8,160

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April 30, 2016 Security

Shares

United Financial Bancorp. Inc. Walker & Dunlop Inc.a Waterstone Financial Inc. WSFS Financial Corp.

618 360 359 378

TOBACCO — 0.21% Universal Corp./VA

288

Value $

TRADING COMPANIES & DISTRIBUTORS — 0.26% Aircastle Ltd. 863 WATER UTILITIES — 0.57% American States Water Co. Connecticut Water Service Inc. Middlesex Water Co. SJW Corp.

486 149 214 200

WIRELESS TELECOMMUNICATION SERVICES — 0.34% Boingo Wireless Inc.a 400 Shenandoah Telecommunications Co. 609 Spok Holdings Inc. 274 TOTAL COMMON STOCKS (Cost: $7,145,346)

8,022 7,938 5,033 12,905 157,157 15,710 15,710 18,727 18,727 20,261 7,006 7,828 6,882 41,977

Value TOTAL INVESTMENTS IN SECURITIES — 111.45% (Cost: $7,976,730) Other Assets, Less Liabilities — (11.45)% NET ASSETS — 100.00%

$8,157,626 (838,079) $7,319,547

NVS — Non-Voting Shares a b c d e

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

3,076 17,472 4,655 25,203 7,326,242

SHORT-TERM INVESTMENTS — 11.36% MONEY MARKET FUNDS — 11.36% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%c,d,e BlackRock Cash Funds: Prime, SL Agency Shares 0.49%c,d,e BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%c,d TOTAL SHORT-TERM INVESTMENTS (Cost: $831,384)

783,627

783,627

42,757

42,757

5,000

5,000 831,384 831,384

205

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.89%

AEROSPACE & DEFENSE — 2.99% Lockheed Martin Corp. Northrop Grumman Corp. TransDigm Group Inc.a

86,064 $19,999,552 70,220 14,483,577 2,700,488 11,851 37,183,617

AUTO COMPONENTS — 0.38% Goodyear Tire & Rubber Co. (The) Lear Corp.

71,781 22,747

2,079,496 2,618,862 4,698,358

BANKS — 0.24% First Republic Bank/CA

43,054

3,027,557 3,027,557

BEVERAGES — 1.72% Brown-Forman Corp. Class B Coca-Cola Enterprises Inc. Constellation Brands Inc. Class A Dr Pepper Snapple Group Inc.

35,213 62,995 51,340 73,586

3,391,716 3,305,978 8,012,120 6,689,703 21,399,517

BIOTECHNOLOGY — 1.30% Alkermes PLCa BioMarin Pharmaceutical Inc.a Incyte Corp.a Regeneron Pharmaceuticals Inc.a

44,003 36,029 47,938 21,105

1,749,119 3,050,936 3,464,479 7,950,465 16,214,999

BUILDING PRODUCTS — 0.29% Masco Corp.

118,722

3,645,953 3,645,953

47,317

2,275,001 2,275,001

CAPITAL MARKETS — 0.18% SEI Investments Co.

CHEMICALS — 0.19% Celanese Corp. Series A

32,664

COMMERCIAL SERVICES & SUPPLIES — 0.25% Cintas Corp. 34,734 COMMUNICATIONS EQUIPMENT — 0.47% Juniper Networks Inc. Palo Alto Networks Inc.a

206

112,585 21,176

2,309,345 2,309,345 3,118,419 3,118,419 2,634,489 3,194,823 5,829,312

Security CONSTRUCTION MATERIALS — 0.61% Martin Marietta Materials Inc. Vulcan Materials Co. CONTAINERS & PACKAGING — 0.40% Avery Dennison Corp. Sealed Air Corp.

Shares

13,811 $ 2,337,235 48,747 5,246,640 7,583,875 33,798 51,986

DIVERSIFIED FINANCIAL SERVICES — 0.20% Nasdaq Inc. 40,677 ELECTRICAL EQUIPMENT — 0.34% Acuity Brands Inc.

Value

17,415

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.14% CDW Corp./DE 46,086

2,454,073 2,462,057 4,916,130 2,510,178 2,510,178 4,247,344 4,247,344 1,774,311 1,774,311

FOOD & STAPLES RETAILING — 3.71% Costco Wholesale Corp. Kroger Co. (The) Walgreens Boots Alliance Inc.

131,567 301,116 202,624

19,489,020 10,656,495 16,064,031 46,209,546

FOOD PRODUCTS — 5.07% ConAgra Foods Inc. General Mills Inc. Hormel Foods Corp. Kraft Heinz Co. (The) McCormick & Co. Inc./MD Mondelez International Inc. Class A

116,327 139,322 113,116 208,800 33,348 595,864

5,183,531 8,546,012 4,360,622 16,301,016 3,127,375 25,598,317 63,116,873

35,867

2,362,201 2,362,201

GAS UTILITIES — 0.19% AGL Resources Inc.

HEALTH CARE EQUIPMENT & SUPPLIES — 1.44% CR Bard Inc. 18,607 DENTSPLY SIRONA Inc. 79,616 Edwards Lifesciences Corp.a 60,570 Hologic Inc.a 83,984

3,947,847 4,745,114 6,433,140 2,821,022 17,947,123

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April 30, 2016 Security

Shares

Value

HEALTH CARE PROVIDERS & SERVICES — 5.19% Aetna Inc. 104,997 $ 11,788,013 Cigna Corp. 72,714 10,073,798 Henry Schein Inc.a 4,852,487 28,764 Humana Inc. 34,702 6,144,683 UnitedHealth Group Inc. 31,817,443 241,627 64,676,424 HOTELS, RESTAURANTS & LEISURE — 8.47% Carnival Corp. 146,523 7,186,953 McDonald’s Corp. 43,431,100 343,356 Norwegian Cruise Line Holdings Ltd.a 3,534,992 72,305 Royal Caribbean Cruises Ltd. 72,893 5,641,918 Starbucks Corp. 45,645,209 811,759 105,440,172 HOUSEHOLD DURABLES — 0.75% DR Horton Inc. 82,629 2,483,828 Mohawk Industries Inc.a 3,744,342 19,438 Newell Brands Inc. 67,982 3,095,900 9,324,070 HOUSEHOLD PRODUCTS — 0.78% Church & Dwight Co. Inc. 3,569,784 38,509 Clorox Co. (The) 49,410 6,187,615 9,757,399 INDUSTRIAL CONGLOMERATES — 1.50% Danaher Corp. 18,641,596 192,678 18,641,596 INSURANCE — 4.76% American International Group Inc. 331,939 18,528,835 Arch Capital Group Ltd.a 4,647,053 65,925 Assurant Inc. 26,290 2,223,345 Axis Capital Holdings Ltd. 1,126,341 21,144 Cincinnati Financial Corp. 58,931 3,890,035 Hartford Financial Services Group Inc. (The) 106,758 4,737,920 Markel Corp.a 4,753,595 5,287 Progressive Corp. (The) 8,147,816 249,933 Travelers Companies Inc. (The) 87,427 9,608,227 WR Berkley Corp. 1,580,208 28,218 59,243,375 INTERNET & CATALOG RETAIL — 6.46% Amazon.com Inc.a 97,008 63,985,507 Expedia Inc. 5,629,200 48,624

Security

Shares

Value

Netflix Inc.a

120,897 $ 10,884,357 80,499,064 INTERNET SOFTWARE & SERVICES — 11.63% Alphabet Inc. Class Aa 42,460 30,056,585 Alphabet Inc. Class Ca 43,594 30,211,078 eBay Inc.a 309,341 7,557,201 Facebook Inc. Class Aa 628,389 73,885,978 VeriSign Inc.a 35,940 3,105,216 144,816,058 IT SERVICES — 9.62% Accenture PLC Class A 216,467 24,443,454 Cognizant Technology Solutions Corp. Class Aa 194,851 11,373,453 Fidelity National Information Services Inc. 98,599 6,487,814 Fiserv Inc.a 105,275 10,287,473 Global Payments Inc. 84,758 6,117,832 Sabre Corp. 82,867 2,399,000 Total System Services Inc. 91,136 4,660,695 Vantiv Inc. Class Aa 73,004 3,981,638 Visa Inc. Class A 648,584 50,096,628 119,847,987 LEISURE PRODUCTS — 0.22% Hasbro Inc. 32,215 2,726,678 2,726,678 MACHINERY — 0.23% Snap-on Inc. 18,067 2,877,712 2,877,712 MEDIA — 1.86% Cablevision Systems Corp. Class A 100,286 3,348,549 Time Warner Cable Inc. 93,488 19,829,740 23,178,289 MULTILINE RETAIL — 0.82% Target Corp. 129,175 10,269,412 10,269,412 OIL, GAS & CONSUMABLE FUELS — 0.25% Tesoro Corp. 38,736 3,086,872 3,086,872 PHARMACEUTICALS — 3.44% Allergan PLCa 97,115 21,031,224 Eli Lilly & Co. 288,260 21,772,278 42,803,502

207

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PROFESSIONAL SERVICES — 0.56% Equifax Inc. ManpowerGroup Inc.

Shares

Value

44,660 $ 5,370,365 20,000 1,540,600 6,910,965 REAL ESTATE INVESTMENT TRUSTS (REITS) — 2.17% Equinix Inc. 7,198,657 21,791 Extra Space Storage Inc. 44,574 3,786,561 Public Storage 57,442 14,062,376 UDR Inc. 57,671 2,013,871 27,061,465 ROAD & RAIL — 0.09% AMERCO 1,105,280 3,140 1,105,280 SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.83% Maxim Integrated Products Inc. 100,994 3,607,506 NVIDIA Corp. 6,777,383 190,751 10,384,889 SOFTWARE — 3.30% Activision Blizzard Inc. 268,386 9,251,265 Adobe Systems Inc.a 147,870 13,932,311 CDK Global Inc. 38,264 1,820,219 Citrix Systems Inc.a 3,706,697 45,292 Electronic Arts Inc.a 7,217,338 116,691 Red Hat Inc.a 43,026 3,156,818 Synopsys Inc.a 2,064,697 43,449 41,149,345 SPECIALTY RETAIL — 7.63% Advance Auto Parts Inc. 30,468 4,756,055 AutoZone Inc.a 13,153 10,065,070 Foot Locker Inc. 36,146 2,220,810 Home Depot Inc. (The) 445,941 59,707,041 O’Reilly Automotive Inc.a 48,057 12,623,613 Signet Jewelers Ltd. 2,143,517 19,745 Ulta Salon Cosmetics & Fragrance Inc.a 3,445,784 16,544 94,961,890 TEXTILES, APPAREL & LUXURY GOODS — 3.38% NIKE Inc. Class B 637,214 37,557,393 Under Armour Inc.a 2,207,566 54,107 Under Armour Inc. Class Aa,b 54,107 2,377,461 42,142,420

208

Security

Shares

TOBACCO — 5.61% Altria Group Inc. Reynolds American Inc.

745,028 465,434

Value

$

46,720,706 23,085,526 69,806,232 WIRELESS TELECOMMUNICATION SERVICES — 0.23% T-Mobile U.S. Inc.a 71,657 2,814,687 2,814,687 TOTAL COMMON STOCKS (Cost: $1,195,774,038) 1,243,895,442 SHORT-TERM INVESTMENTS — 0.25% MONEY MARKET FUNDS — 0.25% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%c,d,e BlackRock Cash Funds: Prime, SL Agency Shares 0.49%c,d,e BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%c,d

2,120,933

2,120,933

115,723

115,723

869,734

869,734 3,106,390

TOTAL SHORT-TERM INVESTMENTS (Cost: $3,106,390) TOTAL INVESTMENTS IN SECURITIES — 100.14% (Cost: $1,198,880,428) Other Assets, Less Liabilities — (0.14)% NET ASSETS — 100.00% a b c d e

3,106,390

1,247,001,832 (1,772,603) $1,245,229,229

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.85%

AEROSPACE & DEFENSE — 5.04% Boeing Co. (The) Lockheed Martin Corp. Northrop Grumman Corp. Rockwell Collins Inc.

AIR FREIGHT & LOGISTICS — 0.40% CH Robinson Worldwide Inc. Expeditors International of Washington Inc. AUTO COMPONENTS — 0.43% Delphi Automotive PLC

455,942 $ 61,460,982 167,938 39,025,432 16,101,893 78,066 56,258 4,961,393 121,549,700 74,793 88,633

140,086

5,308,059 4,397,083 9,705,142 10,314,532 10,314,532

BANKS — 0.15% Signature Bank/New York NYa

26,807

3,694,809 3,694,809

BEVERAGES — 5.49% Brown-Forman Corp. Class B Coca-Cola Enterprises Inc. Dr Pepper Snapple Group Inc. PepsiCo Inc.

110,206 154,352 123,239 996,983

10,615,042 8,100,393 11,203,657 102,649,370 132,568,462

BIOTECHNOLOGY — 6.43% Baxalta Inc. Biogen Inc.a Celgene Corp.a Gilead Sciences Inc.

396,794 111,700 344,030 819,398

16,645,508 30,716,383 35,576,142 72,279,098 155,217,131

CAPITAL MARKETS — 4.61% Affiliated Managers Group Inc.a Ameriprise Financial Inc. BlackRock Inc.b Charles Schwab Corp. (The) Eaton Vance Corp. NVS Franklin Resources Inc. Invesco Ltd. Raymond James Financial Inc. SEI Investments Co. T Rowe Price Group Inc. TD Ameritrade Holding Corp.

32,030 92,410 75,308 695,869 94,154 276,068 214,994 74,120 112,916 206,791 177,937

5,455,350 8,862,119 26,834,500 19,769,638 3,251,138 10,308,379 6,666,964 3,866,840 5,429,001 15,569,294 5,307,861 111,321,084

Security CHEMICALS — 2.75% EI du Pont de Nemours & Co. International Flavors & Fragrances Inc. LyondellBasell Industries NV Class A Monsanto Co. Sherwin-Williams Co. (The) Westlake Chemical Corp. COMMUNICATIONS EQUIPMENT — 0.12% F5 Networks Inc.a

Shares

Value

280,099 $18,461,325 30,067 3,592,105 217,006 17,939,886 155,074 14,527,332 38,226 10,982,712 17,030 854,736 66,358,096 27,277

DIVERSIFIED CONSUMER SERVICES — 0.08% H&R Block Inc. 92,361

2,857,266 2,857,266 1,869,387 1,869,387

DIVERSIFIED FINANCIAL SERVICES — 3.82% Berkshire Hathaway Inc. Class Ba 606,730 Nasdaq Inc. 62,778

88,267,081 3,874,030 92,141,111 DIVERSIFIED TELECOMMUNICATION SERVICES — 2.76% AT&T Inc. 1,717,116 66,658,443 66,658,443 ELECTRIC UTILITIES — 1.12% OGE Energy Corp. 402,385 11,906,572 Pinnacle West Capital Corp. 208,888 15,175,713 27,082,285 ELECTRICAL EQUIPMENT — 1.05% Emerson Electric Co. 320,767 17,523,501 Rockwell Automation Inc. 68,358 7,756,583 25,280,084 ENERGY EQUIPMENT & SERVICES — 1.94% FMC Technologies Inc.a 76,922 2,345,352 Halliburton Co. 246,677 10,190,227 Helmerich & Payne Inc. 33,102 2,188,704 National Oilwell Varco Inc.c 105,949 3,818,402 Oceaneering International Inc. 33,384 1,223,524 Schlumberger Ltd. 336,701 27,050,558 46,816,767 FOOD & STAPLES RETAILING — 1.62% Costco Wholesale Corp. 264,127 39,125,133 39,125,133

209

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FOOD PRODUCTS — 1.77% Campbell Soup Co. Hershey Co. (The) Hormel Foods Corp. Mead Johnson Nutrition Co.

Shares

Value

114,656 $ 7,075,422 14,972,088 160,800 190,602 7,347,707 13,247,148 152,004 42,642,365 HEALTH CARE EQUIPMENT & SUPPLIES — 0.98% a Edwards Lifesciences Corp. 85,139 9,042,613 ResMed Inc. 3,406,646 61,051 St. Jude Medical Inc. 7,746,949 101,666 Varian Medical Systems Inc.a 42,939 3,485,788 23,681,996 HEALTH CARE PROVIDERS & SERVICES — 0.21% Henry Schein Inc.a 5,141,470 30,477 5,141,470 HEALTH CARE TECHNOLOGY — 0.25% Cerner Corp.a 6,048,804 107,745 6,048,804 HOTELS, RESTAURANTS & LEISURE — 4.39% Chipotle Mexican Grill Inc.a 11,906 5,012,069 McDonald’s Corp. 43,834,477 346,545 Starbucks Corp. 42,890,332 762,766 Yum! Brands Inc. 177,731 14,140,278 105,877,156 INDUSTRIAL CONGLOMERATES — 2.47% 3M Co. 59,544,263 355,743 59,544,263 INSURANCE — 6.29% Aflac Inc. 17,944,959 260,185 Aon PLC 163,899 17,229,063 Arch Capital Group Ltd.a 5,444,648 77,240 Assurant Inc. 35,496 3,001,897 Axis Capital Holdings Ltd. 2,709,419 50,862 Chubb Ltd. 30,403,401 257,962 Lincoln National Corp. 5,889,995 135,558 Marsh & McLennan Companies Inc. 22,417,113 354,982 Principal Financial Group Inc. 176,971 7,553,122 Progressive Corp. (The) 12,582,003 385,951 Torchmark Corp. 76,702 4,440,279 Travelers Companies Inc. (The) 19,041,604 173,263 WR Berkley Corp. 2,988,216 53,361 151,645,719

210

Security INTERNET & CATALOG RETAIL — 0.96% Priceline Group Inc. (The)a IT SERVICES — 7.65% Accenture PLC Class A Automatic Data Processing Inc. MasterCard Inc. Class A Paychex Inc. Teradata Corp.a Visa Inc. Class A Western Union Co. (The) LEISURE PRODUCTS — 0.14% Polaris Industries Inc.

Shares

17,206 $ 23,119,014 23,119,014 376,482 191,055 613,484 164,272 47,170 682,424 164,351

42,512,347 16,896,904 59,501,813 8,561,857 1,193,401 52,710,430 3,287,020 184,663,772

35,474

3,472,195 3,472,195

LIFE SCIENCES TOOLS & SERVICES — 0.45% Mettler-Toledo International Inc.a 19,440 Waters Corp.a 30,314 MULTI-UTILITIES — 2.18% Public Service Enterprise Group Inc.

1,139,510

OIL, GAS & CONSUMABLE FUELS — 5.18% Exxon Mobil Corp. 1,094,535 Marathon Petroleum Corp. 190,901 Phillips 66 147,022 Valero Energy Corp. 149,124 PERSONAL PRODUCTS — 0.70% Estee Lauder Companies Inc. (The) Class A PHARMACEUTICALS — 6.34% Eli Lilly & Co. Johnson & Johnson PROFESSIONAL SERVICES — 0.12% Robert Half International Inc.

Value

6,958,548 3,945,670 10,904,218 52,565,596 52,565,596 96,756,894 7,460,411 12,071,976 8,778,930 125,068,211

176,638

16,934,285 16,934,285

370,546 1,114,079

27,987,340 124,865,974 152,853,314

73,807

2,827,546 2,827,546

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Shares

Value

REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.11% Public Storage 109,237 $ 26,742,310 26,742,310 REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.35% CBRE Group Inc. Class Aa 165,273 4,897,039 Jones Lang LaSalle Inc. 31,662 3,646,513 8,543,552 ROAD & RAIL — 0.14% JB Hunt Transport Services Inc. 41,242 3,418,137 3,418,137 SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.16% Intel Corp. 1,502,656 45,500,424 Linear Technology Corp. 104,048 4,628,055 QUALCOMM Inc. 495,002 25,007,501 Skyworks Solutions Inc. 69,991 4,676,799 Texas Instruments Inc. 360,683 20,573,358 100,386,137 SOFTWARE — 4.29% Intuit Inc. 86,572 8,734,249 Microsoft Corp. 1,898,437 94,675,053 103,409,302 SPECIALTY RETAIL — 6.03% Bed Bath & Beyond Inc.a 67,365 3,180,975 Gap Inc. (The) 110,403 2,559,142 Home Depot Inc. (The) 578,072 77,398,060 O’Reilly Automotive Inc.a 45,203 11,873,924 Ross Stores Inc. 205,916 11,691,910 TJX Companies Inc. (The) 379,186 28,749,883 Tractor Supply Co. 57,111 5,406,127 Ulta Salon Cosmetics & Fragrance Inc.a 21,675 4,514,469 145,374,490 TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.32% Apple Inc. 853,213 79,980,187 79,980,187 TEXTILES, APPAREL & LUXURY GOODS — 1.99% lululemon athletica Inc.a 39,853 2,612,364 Michael Kors Holdings Ltd.a 88,303 4,561,733 NIKE Inc. Class B 546,650 32,219,551 VF Corp. 137,324 8,658,278 48,051,926

Shares

Security

Value

TRADING COMPANIES & DISTRIBUTORS — 0.57% Fastenal Co. 150,775 $ WW Grainger Inc.c 28,036 TOTAL COMMON STOCKS (Cost: $2,324,072,215)

7,054,762 6,575,003 13,629,765

2,409,085,162

SHORT-TERM INVESTMENTS — 0.32% MONEY MARKET FUNDS — 0.32% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%b,d,e BlackRock Cash Funds: Prime, SL Agency Shares 0.49%b,d,e BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%b,d

5,741,814

5,741,814

313,288

313,288

1,580,403

1,580,403 7,635,505

TOTAL SHORT-TERM INVESTMENTS (Cost: $7,635,505) TOTAL INVESTMENTS IN SECURITIES — 100.17% (Cost: $2,331,707,720) Other Assets, Less Liabilities — (0.17)% NET ASSETS — 100.00%

7,635,505

2,416,720,667 (4,070,509) $2,412,650,158

NVS — Non-Voting Shares a b c d e

Non-income earning security. Affiliated issuer. See Note 2. All or a portion of this security represents a security on loan. See Note 1. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.88%

AEROSPACE & DEFENSE — 2.35% B/E Aerospace Inc. Boeing Co. (The) General Dynamics Corp. Honeywell International Inc. L-3 Communications Holdings Inc. Lockheed Martin Corp. Northrop Grumman Corp. Raytheon Co. Rockwell Collins Inc. Textron Inc. TransDigm Group Inc.a United Technologies Corp. AIR FREIGHT & LOGISTICS — 0.84% CH Robinson Worldwide Inc. Expeditors International of Washington Inc. FedEx Corp. United Parcel Service Inc. Class B

4,981 $ 242,226 2,264 305,187 416,782 2,966 4,737 541,297 397,615 3,023 2,315 537,960 472,954 2,293 396,739 3,140 5,407 476,844 175,878 4,547 1,844 420,192 467,056 4,475 4,850,730 4,980 7,501 2,179 6,133

353,430 372,125 359,775 644,394 1,729,724

AIRLINES — 0.22% American Airlines Group Inc. Delta Air Lines Inc. Southwest Airlines Co. United Continental Holdings Inc.a

1,994 2,696 4,302 1,664

69,172 112,342 191,912 76,228 449,654

AUTO COMPONENTS — 0.67% Autoliv Inc. BorgWarner Inc. Delphi Automotive PLC Goodyear Tire & Rubber Co. (The) Johnson Controls Inc. Lear Corp.

2,667 6,128 3,188 4,306 5,433 2,140

326,628 220,118 234,732 124,745 224,926 246,378 1,377,527

18,077 5,801 5,099 262

245,124 184,472 243,885 63,079 736,560

AUTOMOBILES — 0.36% Ford Motor Co. General Motors Co. Harley-Davidson Inc. Tesla Motors Inc.a,b

212

Security BANKS — 3.57% Bank of America Corp. BB&T Corp. CIT Group Inc. Citigroup Inc. Citizens Financial Group Inc. Comerica Inc. Fifth Third Bancorp. First Republic Bank/CA Huntington Bancshares Inc./OH JPMorgan Chase & Co. KeyCorp M&T Bank Corp. People’s United Financial Inc. PNC Financial Services Group Inc. (The)c Regions Financial Corp. Signature Bank/New York NYa SunTrust Banks Inc. U.S. Bancorp. Wells Fargo & Co. BEVERAGES — 1.69% Brown-Forman Corp. Class B Coca-Cola Co. (The) Coca-Cola Enterprises Inc. Constellation Brands Inc. Class A Dr Pepper Snapple Group Inc. Molson Coors Brewing Co. Class B Monster Beverage Corp.a PepsiCo Inc. BIOTECHNOLOGY — 0.71% AbbVie Inc. Alexion Pharmaceuticals Inc.a Alkermes PLCa Alnylam Pharmaceuticals Inc.a Amgen Inc. Baxalta Inc. Biogen Inc.a BioMarin Pharmaceutical Inc.a Celgene Corp.a Gilead Sciences Inc. Incyte Corp.a

Shares

Value

13,814 $ 201,132 22,292 788,691 7,831 270,718 4,995 231,169 10,677 243,969 5,861 260,228 18,046 330,422 4,982 350,334 37,619 378,447 6,026 380,843 23,320 286,603 4,582 542,142 40,050 620,775 5,429 476,558 26,060 244,443 1,887 260,085 7,750 323,485 13,168 562,142 12,326 616,054 7,368,240 4,593 14,031 8,269 1,054 5,886 3,123 712 8,565

442,398 628,589 433,957 164,487 535,096 298,653 102,685 881,852 3,487,717

1,410 672 1,319 428 1,516 3,174 398 1,075 1,359 1,691 472

86,010 93,596 52,430 28,693 239,983 133,149 109,446 91,031 140,534 149,163 34,112

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For personal use only

April 30, 2016 Security

Ionis Pharmaceuticals Inc.a,b Medivation Inc.a Regeneron Pharmaceuticals Inc.a United Therapeutics Corp.a Vertex Pharmaceuticals Inc.a

Shares

Value

694 $ 28,433 2,046 118,259 68,561 182 692 72,799 29,519 350 1,475,718

BUILDING PRODUCTS — 0.21% Fortune Brands Home & Security Inc. Masco Corp.

4,161 6,405

230,561 196,698 427,259

CAPITAL MARKETS — 2.37% Affiliated Managers Group Inc.a Ameriprise Financial Inc. Bank of New York Mellon Corp. (The) BlackRock Inc.c Charles Schwab Corp. (The) E*TRADE Financial Corp.a Eaton Vance Corp. NVS Franklin Resources Inc. Goldman Sachs Group Inc. (The) Invesco Ltd. Legg Mason Inc. Morgan Stanley Northern Trust Corp. Raymond James Financial Inc. SEI Investments Co. State Street Corp. T Rowe Price Group Inc. TD Ameritrade Holding Corp.

1,541 2,725 9,387 884 6,122 5,071 5,787 7,843 1,779 9,201 6,256 6,507 5,548 5,383 7,246 4,356 5,896 6,325

262,463 261,327 377,733 314,996 173,926 127,688 199,825 292,857 291,952 285,323 200,880 176,079 394,352 280,831 348,388 271,379 443,910 188,675 4,892,584

CHEMICALS — 3.31% Air Products & Chemicals Inc. Airgas Inc. Albemarle Corp. Ashland Inc. Axalta Coating Systems Ltd.a Celanese Corp. Series A CF Industries Holdings Inc. Dow Chemical Co. (The) Eastman Chemical Co. Ecolab Inc. EI du Pont de Nemours & Co.

2,579 3,445 3,861 3,105 5,395 3,117 3,609 4,844 3,347 4,774 4,749

376,250 490,706 255,444 346,518 153,596 220,372 119,350 254,843 255,644 548,914 313,006

Security FMC Corp. International Flavors & Fragrances Inc. LyondellBasell Industries NV Class A Monsanto Co. Mosaic Co. (The) PPG Industries Inc. Praxair Inc. Sherwin-Williams Co. (The) Westlake Chemical Corp. WR Grace & Co.a

Shares

6,779 $ 293,259 4,797 573,097 1,855 153,353 4,523 423,715 5,901 165,169 3,535 390,229 6,308 740,938 1,412 405,682 2,539 127,432 3,017 231,343 6,838,860

COMMERCIAL SERVICES & SUPPLIES — 1.85% ADT Corp. (The) 4,566 Cintas Corp. 6,793 Republic Services Inc. 16,934 Stericycle Inc.a 4,038 Tyco International PLC 13,118 Waste Connections Inc. 8,668 Waste Management Inc. 12,645 COMMUNICATIONS EQUIPMENT — 0.72% Cisco Systems Inc. F5 Networks Inc.a Harris Corp. Juniper Networks Inc. Motorola Solutions Inc. Palo Alto Networks Inc.a

Value

191,681 609,876 797,083 385,871 505,305 583,183 743,400 3,816,399

10,479 1,444 4,306 5,629 6,160 716

288,068 151,259 344,523 131,719 463,170 108,023 1,486,762

CONSTRUCTION & ENGINEERING — 0.38% Chicago Bridge & Iron Co. NV Fluor Corp. Jacobs Engineering Group Inc.a Quanta Services Inc.a

3,877 4,364 5,281 6,233

156,049 238,536 235,427 147,847 777,859

CONSTRUCTION MATERIALS — 0.22% Martin Marietta Materials Inc. Vulcan Materials Co.

1,079 2,433

182,599 261,864 444,463

14,279 5,193

254,309 339,778

CONSUMER FINANCE — 0.85% Ally Financial Inc.a,b American Express Co.

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April 30, 2016 Security

Capital One Financial Corp. Discover Financial Services Navient Corp. Synchrony Financiala

Shares

Value

4,098 $ 296,654 6,302 354,614 230,900 16,891 8,855 270,697 1,746,952

CONTAINERS & PACKAGING — 1.07% Avery Dennison Corp. Ball Corp. Crown Holdings Inc.a International Paper Co. Packaging Corp. of America Sealed Air Corp. WestRock Co.

5,722 5,840 7,123 8,784 3,846 4,434 3,882

415,474 416,859 377,234 380,084 249,529 209,994 162,462 2,211,636

DISTRIBUTORS — 0.35% Genuine Parts Co. LKQ Corp.a

5,208 6,795

499,812 217,779 717,591

DIVERSIFIED CONSUMER SERVICES — 0.06% H&R Block Inc. 6,453 DIVERSIFIED FINANCIAL SERVICES — 1.52% Berkshire Hathaway Inc. Class Ba 5,960 CME Group Inc./IL 3,432 Intercontinental Exchange Inc. 1,284 Leucadia National Corp. 17,203 Moody’s Corp. 2,013 MSCI Inc. 5,071 Nasdaq Inc. 5,739 S&P Global Inc. 2,114 Voya Financial Inc. 6,346

130,609 130,609

867,061 315,435 308,198 286,946 192,684 385,092 354,154 225,881 206,055 3,141,506 DIVERSIFIED TELECOMMUNICATION SERVICES — 1.11% AT&T Inc. 18,894 733,465 CenturyLink Inc. 249,457 8,060 Frontier Communications Corp. 28,266 157,159 Level 3 Communications Inc.a 149,934 2,869 SBA Communications Corp. Class Aa 366,926 3,561 Verizon Communications Inc. 638,125 12,527 2,295,066 ELECTRIC UTILITIES — 4.16% Alliant Energy Corp. 660,843 9,371

214

Security American Electric Power Co. Inc. Duke Energy Corp. Edison International Entergy Corp. Eversource Energy Exelon Corp. FirstEnergy Corp. NextEra Energy Inc. OGE Energy Corp. PG&E Corp. Pinnacle West Capital Corp. PPL Corp. Southern Co. (The) Xcel Energy Inc. ELECTRICAL EQUIPMENT — 0.89% Acuity Brands Inc. AMETEK Inc. Eaton Corp. PLC Emerson Electric Co. Rockwell Automation Inc. Sensata Technologies Holding NVa

Shares

9,204 $ 584,454 9,396 740,217 7,845 554,720 6,759 508,142 10,315 582,178 11,897 417,466 10,310 336,003 5,665 666,091 15,275 451,987 8,759 509,774 7,466 542,405 14,649 551,388 15,564 779,756 17,595 704,328 8,589,752 804 6,926 4,290 7,899 2,884 7,177

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.06% Amphenol Corp. Class A 7,288 Arrow Electronics Inc.a 4,035 Avnet Inc. 5,629 CDW Corp./DE 2,933 Corning Inc. 12,505 Flextronics International Ltd.a 21,387 FLIR Systems Inc. 7,237 TE Connectivity Ltd. 5,622 Trimble Navigation Ltd.a 5,979 ENERGY EQUIPMENT & SERVICES — 0.75% Baker Hughes Inc. Core Laboratories NV FMC Technologies Inc.a Halliburton Co. Helmerich & Payne Inc. National Oilwell Varco Inc. Oceaneering International Inc. Schlumberger Ltd.

Value

3,644 1,101 4,266 4,312 2,003 5,875 3,890 4,622

196,088 333,071 271,428 431,522 327,248 270,358 1,829,715 406,889 250,573 231,464 112,921 233,468 259,852 218,630 334,397 143,197 2,191,391 176,224 147,160 130,070 178,129 132,438 211,735 142,569 371,331

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For personal use only

April 30, 2016 Security Weatherford International PLCa

Shares

Value

7,656 $ 62,243 1,551,899

FOOD & STAPLES RETAILING — 1.56% Costco Wholesale Corp. CVS Health Corp. Kroger Co. (The) Rite Aid Corp.a Sysco Corp. Wal-Mart Stores Inc. Walgreens Boots Alliance Inc. Whole Foods Market Inc.

4,124 6,181 10,490 6,899 13,661 8,560 2,648 5,157

610,888 621,191 371,241 55,537 629,362 572,407 209,933 149,966 3,220,525

FOOD PRODUCTS — 3.47% Archer-Daniels-Midland Co. Bunge Ltd. Campbell Soup Co. ConAgra Foods Inc. General Mills Inc. Hershey Co. (The) Hormel Foods Corp. JM Smucker Co. (The) Kellogg Co. Kraft Heinz Co. (The) McCormick & Co. Inc./MD Mead Johnson Nutrition Co. Mondelez International Inc. Class A Tyson Foods Inc. Class A WhiteWave Foods Co. (The)a

7,625 5,957 9,094 9,598 13,377 6,661 14,384 4,758 11,839 2,070 6,136 3,917 9,515 4,497 4,952

304,542 372,312 561,191 427,687 820,545 620,206 554,503 604,171 909,354 161,605 575,434 341,367 408,764 295,993 199,120 7,156,794

4,704 7,501

309,805 544,198 854,003

GAS UTILITIES — 0.41% AGL Resources Inc. Atmos Energy Corp.

HEALTH CARE EQUIPMENT & SUPPLIES — 3.17% Abbott Laboratories 9,301 Baxter International Inc. 11,690 Becton Dickinson and Co. 3,796 Boston Scientific Corp.a 10,518 Cooper Companies Inc. (The) 2,362 CR Bard Inc. 2,204 DENTSPLY SIRONA Inc. 15,027 Edwards Lifesciences Corp.a 1,817 Hologic Inc.a 6,350

361,809 516,932 612,143 230,555 361,575 467,623 895,609 192,984 213,296

Security

Shares

Value

Intuitive Surgical Inc.a Medtronic PLC ResMed Inc. St. Jude Medical Inc. Stryker Corp. Varian Medical Systems Inc.a Zimmer Biomet Holdings Inc.

269 $ 168,491 5,798 458,912 3,805 212,319 4,352 331,622 5,211 568,051 6,307 512,002 3,808 440,852 6,544,775 HEALTH CARE PROVIDERS & SERVICES — 3.45% Aetna Inc. 2,800 314,356 AmerisourceBergen Corp. 4,830 411,033 Anthem Inc. 2,737 385,287 Cardinal Health Inc. 4,550 356,993 Centene Corp.a 5,354 331,734 Cigna Corp. 2,186 302,848 DaVita HealthCare Partners Inc.a 5,673 419,235 Envision Healthcare Holdings Inc.a 3,181 71,986 Express Scripts Holding Co.a 5,318 392,096 HCA Holdings Inc.a 2,947 237,587 Henry Schein Inc.a 4,540 765,898 Humana Inc. 1,066 188,757 Laboratory Corp. of America Holdingsa 3,784 474,211 McKesson Corp. 2,101 352,590 MEDNAX Inc.a 5,876 418,900 Patterson Companies Inc. 13,569 588,216 Quest Diagnostics Inc. 5,447 409,451 UnitedHealth Group Inc. 3,339 439,680 Universal Health Services Inc. Class B 1,957 261,612 7,122,470 HEALTH CARE TECHNOLOGY — 0.17% Cerner Corp.a 4,706 264,195 IMS Health Holdings Inc.a 3,066 81,678 345,873 HOTELS, RESTAURANTS & LEISURE — 2.10% Aramark 4,455 149,287 Carnival Corp. 5,712 280,174 Chipotle Mexican Grill Inc.a,b 406 170,914 Darden Restaurants Inc. 6,118 380,845 Hilton Worldwide Holdings Inc. 6,198 136,666 Las Vegas Sands Corp. 3,507 158,341 Marriott International Inc./MD Class A 4,732 331,666

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April 30, 2016 Security

McDonald’s Corp. MGM Resorts Internationala Norwegian Cruise Line Holdings Ltd.a Royal Caribbean Cruises Ltd. Starbucks Corp. Starwood Hotels & Resorts Worldwide Inc. Wyndham Worldwide Corp. Wynn Resorts Ltd. Yum! Brands Inc.

Shares

Value

7,240 $ 915,788 5,567 118,577 127,554 2,609 1,899 146,983 386,075 6,866 280,111 3,421 4,235 300,473 154,790 1,753 3,779 300,657 4,338,901

HOUSEHOLD DURABLES — 1.29% DR Horton Inc. Garmin Ltd. Harman International Industries Inc. Leggett & Platt Inc. Lennar Corp. Class A Mohawk Industries Inc.a Newell Brands Inc. PulteGroup Inc. Toll Brothers Inc.a Whirlpool Corp.

4,059 6,234 1,060 10,100 3,621 1,401 16,791 7,126 5,822 1,208

HOUSEHOLD PRODUCTS — 2.03% Church & Dwight Co. Inc. Clorox Co. (The) Colgate-Palmolive Co. Kimberly-Clark Corp. Procter & Gamble Co. (The)

10,409 7,053 13,166 5,050 9,661

122,014 265,755 81,366 497,829 164,067 269,875 764,662 131,047 158,941 210,361 2,665,917

964,914 883,247 933,733 632,210 774,039 4,188,143 INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.35% AES Corp./VA 270,518 24,240 Calpine Corp.a 266,414 16,883 NRG Energy Inc. 12,629 190,698 727,630 INDUSTRIAL CONGLOMERATES — 1.07% 3M Co. 670,357 4,005 Danaher Corp. 6,803 658,190 General Electric Co. 390,894 12,712 Roper Technologies Inc. 2,829 498,159 2,217,600

216

Security INSURANCE — 8.41% Aflac Inc. Alleghany Corp.a Allstate Corp. (The) American International Group Inc. Aon PLC Arch Capital Group Ltd.a Arthur J Gallagher & Co. Assurant Inc. Axis Capital Holdings Ltd. Chubb Ltd. Cincinnati Financial Corp. Everest Re Group Ltd. FNF Group Hartford Financial Services Group Inc. (The) Lincoln National Corp. Loews Corp. Markel Corp.a Marsh & McLennan Companies Inc. MetLife Inc. Principal Financial Group Inc. Progressive Corp. (The) Prudential Financial Inc. RenaissanceRe Holdings Ltd. Torchmark Corp. Travelers Companies Inc. (The) Unum Group Willis Towers Watson PLC WR Berkley Corp. XL Group PLC INTERNET & CATALOG RETAIL — 0.47% Amazon.com Inc.a Expedia Inc. Liberty Interactive Corp. QVC Group Series Aa Netflix Inc.a Priceline Group Inc. (The)a TripAdvisor Inc.a

Shares

Value

7,941 $ 547,691 1,350 703,728 10,576 687,969 6,171 344,465 4,626 486,285 13,221 931,948 16,619 765,139 4,952 418,791 11,973 637,802 8,177 963,741 12,255 808,953 4,255 786,749 9,649 307,803 7,168 318,116 3,643 158,288 18,622 738,921 714 641,964 12,253 773,777 5,042 227,394 6,756 288,346 19,441 633,777 2,906 225,622 7,749 859,442 12,914 747,591 6,769 743,913 8,834 302,211 7,930 990,457 14,210 795,760 16,416 537,296 17,373,939 238 1,564 13,217 284 154 917

INTERNET SOFTWARE & SERVICES — 0.68% Akamai Technologies Inc.a 2,007

156,982 181,064 346,285 25,569 206,924 59,229 976,053 102,337

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April 30, 2016 Security

Alphabet Inc. Class Aa Alphabet Inc. Class Ca eBay Inc.a Facebook Inc. Class Aa LinkedIn Corp. Class Aa Twitter Inc.a VeriSign Inc.a,b Yahoo! Inc.a Zillow Group Inc. Class Ca,b IT SERVICES — 3.35% Accenture PLC Class A Alliance Data Systems Corp.a Automatic Data Processing Inc. Cognizant Technology Solutions Corp. Class Aa Fidelity National Information Services Inc. Fiserv Inc.a FleetCor Technologies Inc.a Gartner Inc.a Global Payments Inc. International Business Machines Corp. MasterCard Inc. Class A Paychex Inc. PayPal Holdings Inc.a Sabre Corp. Teradata Corp.a Total System Services Inc. Vantiv Inc. Class Aa Visa Inc. Class A Western Union Co. (The)b Xerox Corp. LEISURE PRODUCTS — 0.41% Hasbro Inc. Mattel Inc. Polaris Industries Inc.

Shares

Value

268 $ 189,712 178 123,356 200,961 8,226 1,014 119,226 43,357 346 74,021 5,063 2,861 247,190 185,086 5,057 5,187 124,696 1,409,942 3,781 1,118 7,134 3,593 7,300 5,293 1,342 3,834 7,475 3,012 3,597 10,914 3,624 5,256 4,362 8,212 5,691 4,632 14,301 21,763

426,950 227,301 630,931 209,723 480,340 517,232 207,581 334,210 539,545 439,571 348,873 568,838 141,988 152,161 110,359 419,962 310,387 357,776 286,020 208,925 6,918,673

4,071 8,514 2,459

344,570 264,700 240,687 849,957

LIFE SCIENCES TOOLS & SERVICES — 0.94% Agilent Technologies Inc. 8,309 Illumina Inc.a 718 Mettler-Toledo International Inc.a 1,185

Security Quintiles Transnational Holdings Inc.a Thermo Fisher Scientific Inc. Waters Corp.a MACHINERY — 2.73% AGCO Corp. Caterpillar Inc. Cummins Inc. Deere & Co. Dover Corp. Flowserve Corp. Illinois Tool Works Inc. Ingersoll-Rand PLC PACCAR Inc. Parker-Hannifin Corp. Pentair PLC Snap-on Inc. Stanley Black & Decker Inc. WABCO Holdings Inc.a Wabtec Corp./DE Xylem Inc./NY MEDIA — 3.22% Cablevision Systems Corp. Class A CBS Corp. Class B NVS Charter Communications Inc. Class Aa,b Comcast Corp. Class A Discovery Communications Inc. Class Aa,b Discovery Communications Inc. Class C NVSa DISH Network Corp. Class Aa,b Interpublic Group of Companies Inc. (The) Liberty Global PLC Series Aa Liberty Global PLC Series C NVSa,b Liberty SiriusXM Group Class Aa Liberty SiriusXM Group Class Ca News Corp. Class A Omnicom Group Inc. Scripps Networks Interactive Inc. Class A

Shares

Value

1,259 $ 86,959 3,809 549,448 3,425 445,798 1,943,303 4,561 4,314 2,786 5,668 4,896 4,407 5,944 5,675 6,338 2,886 4,481 3,024 3,670 2,325 3,875 6,746

243,877 335,284 326,046 476,735 321,667 215,106 621,267 371,939 373,372 334,834 260,256 481,663 410,746 260,772 321,354 281,848 5,636,766

4,377 5,165 1,295 13,315 7,083 7,339 3,988 14,718 6,151 6,852 9,636 3,578 10,168 7,077 5,872

146,148 288,775 274,851 809,019 193,437 196,538 196,569 337,631 232,077 250,783 315,772 114,568 126,287 587,179 366,119

340,004 96,923 424,171

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April 30, 2016 Security

Sirius XM Holdings Inc.a,b TEGNA Inc. Time Warner Cable Inc. Time Warner Inc. Twenty-First Century Fox Inc. Class A Twenty-First Century Fox Inc. Class B Viacom Inc. Class B NVS Walt Disney Co. (The)

Shares

Value

72,040 $ 284,558 5,840 136,422 341,497 1,610 3,534 265,545 311,496 10,294 347,766 11,546 4,590 187,731 334,872 3,243 6,645,640

METALS & MINING — 0.45% Alcoa Inc. Freeport-McMoRan Inc. Newmont Mining Corp. Nucor Corp.

21,564 8,676 6,379 6,774

240,870 121,464 223,073 337,210 922,617

MULTI-UTILITIES — 2.87% Ameren Corp. CenterPoint Energy Inc. CMS Energy Corp. Consolidated Edison Inc. Dominion Resources Inc./VA DTE Energy Co. Public Service Enterprise Group Inc. SCANA Corp. Sempra Energy TECO Energy Inc. WEC Energy Group Inc.

9,965 28,475 13,243 9,639 7,291 6,387 10,179 8,480 5,745 9,262 10,207

478,320 610,789 538,725 719,069 521,088 569,465 469,557 582,491 593,746 257,206 594,149 5,934,605

4,779 4,475 4,723 5,691 5,815 6,034

391,448 356,702 209,229 225,307 297,321 479,703 1,959,710

2,466 3,634 3,149

130,106 102,842 171,306

MULTILINE RETAIL — 0.95% Dollar General Corp. Dollar Tree Inc.a Kohl’s Corp. Macy’s Inc. Nordstrom Inc. Target Corp. OIL, GAS & CONSUMABLE FUELS — 3.00% Anadarko Petroleum Corp. Antero Resources Corp.a Apache Corp.

218

Security Cabot Oil & Gas Corp. Cheniere Energy Inc.a Chevron Corp. Cimarex Energy Co. Columbia Pipeline Group Inc. Concho Resources Inc.a ConocoPhillips Continental Resources Inc./OKa,b Devon Energy Corp. EOG Resources Inc. EQT Corp. Exxon Mobil Corp. Hess Corp. HollyFrontier Corp. Kinder Morgan Inc./DE Marathon Oil Corp. Marathon Petroleum Corp. Murphy Oil Corp. Noble Energy Inc. Occidental Petroleum Corp. ONEOK Inc. Phillips 66 Pioneer Natural Resources Co. Plains GP Holdings LP Class A Range Resources Corp. Southwestern Energy Co.a,b Spectra Energy Corp. Tesoro Corp. Valero Energy Corp. Williams Companies Inc. (The)

Shares

Value

9,602 $ 224,687 2,222 86,391 3,525 360,184 1,158 126,083 17,282 442,765 1,151 133,712 4,962 237,134 2,648 98,664 4,213 146,107 2,287 188,952 3,828 268,343 6,262 553,561 2,788 166,221 2,754 98,042 9,868 175,256 10,396 146,480 2,362 92,307 5,744 205,290 3,693 133,354 4,164 319,171 5,037 182,087 1,934 158,801 947 157,297 7,522 74,468 4,650 205,111 13,495 181,238 11,438 357,666 1,126 89,731 1,998 117,622 3,818 74,031 6,205,010

PERSONAL PRODUCTS — 0.35% Edgewell Personal Care Co. Estee Lauder Companies Inc. (The) Class A

3,695 4,336

303,249 415,692 718,941

PHARMACEUTICALS — 1.58% Allergan PLCa Bristol-Myers Squibb Co. Eli Lilly & Co. Endo International PLCa Jazz Pharmaceuticals PLCa Johnson & Johnson Mallinckrodt PLCa,b

708 4,406 4,440 1,478 930 8,407 1,494

153,324 318,025 335,353 39,906 140,151 942,257 93,405

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April 30, 2016 Security

Merck & Co. Inc. Mylan NVa Perrigo Co. PLC Pfizer Inc. Zoetis Inc. PROFESSIONAL SERVICES — 1.19% Dun & Bradstreet Corp. (The) Equifax Inc. IHS Inc. Class Aa ManpowerGroup Inc. Nielsen Holdings PLC Robert Half International Inc. Verisk Analytics Inc. Class Aa

Shares

Value

8,527 $ 467,621 2,660 110,949 121,417 1,256 14,180 463,828 86,629 1,842 3,272,865 2,762 4,736 2,489 2,387 9,334 5,643 5,135

REAL ESTATE INVESTMENT TRUSTS (REITS) — 7.50% American Capital Agency Corp. 18,600 American Tower Corp. 4,966 Annaly Capital Management Inc. 48,419 AvalonBay Communities Inc. 2,911 Boston Properties Inc. 3,814 Brixmor Property Group Inc. 13,108 Camden Property Trust 6,071 Crown Castle International Corp. 5,495 Digital Realty Trust Inc. 3,587 Duke Realty Corp. 16,498 Equinix Inc. 952 Equity Residential 6,041 Essex Property Trust Inc. 2,177 Extra Space Storage Inc. 4,748 Federal Realty Investment Trust 4,401 General Growth Properties Inc. 15,440 HCP Inc. 9,331 Host Hotels & Resorts Inc. 17,841 Iron Mountain Inc.b 7,727 Kimco Realty Corp. 16,622 Liberty Property Trust 11,028 Macerich Co. (The) 4,123 Mid-America Apartment Communities Inc.b 5,338 Prologis Inc. 11,166 Public Storage 2,458 Realty Income Corp. 6,790

304,952 569,504 306,595 183,871 486,675 216,183 398,373 2,466,153 341,682 520,834 504,526 514,636 491,472 330,977 490,112 477,405 315,584 360,811 314,493 411,211 479,920 403,343 669,304 432,783 315,668 282,245 282,267 467,411 384,877 313,678 510,900 507,048 601,743 401,968

Security Regency Centers Corp. Simon Property Group Inc. SL Green Realty Corp. UDR Inc. Ventas Inc. VEREIT Inc. Vornado Realty Trust Welltower Inc. Weyerhaeuser Co.

Shares

Value

6,244 $ 3,092 4,358 13,855 6,922 19,992 5,024 6,005 26,076

460,183 622,018 457,939 483,816 429,995 177,529 480,947 416,867 837,561 15,493,753 REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.32% CBRE Group Inc. Class Aa 7,399 219,232 Jones Lang LaSalle Inc. 1,796 206,845 Realogy Holdings Corp.a 6,720 240,173 666,250 ROAD & RAIL — 0.86% AMERCO 598 210,496 CSX Corp. 9,776 266,592 Hertz Global Holdings Inc.a,b 5,684 52,634 JB Hunt Transport Services Inc. 5,091 421,942 Kansas City Southern 2,135 202,291 Norfolk Southern Corp. 3,162 284,928 Union Pacific Corp. 3,988 347,873 1,786,756 SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.82% Analog Devices Inc. 4,913 276,700 Applied Materials Inc. 12,116 248,015 Broadcom Ltd. 1,872 272,844 Intel Corp. 9,166 277,547 KLA-Tencor Corp. 3,036 212,338 Lam Research Corp. 2,915 222,706 Linear Technology Corp. 8,075 359,176 Marvell Technology Group Ltd. 14,944 149,141 Maxim Integrated Products Inc. 5,871 209,712 Microchip Technology Inc. 6,280 305,145 Micron Technology Inc.a 4,678 50,289 NVIDIA Corp. 5,606 199,181 Qorvo Inc.a 1,064 47,912 QUALCOMM Inc. 5,791 292,561 Skyworks Solutions Inc. 1,360 90,875 Texas Instruments Inc. 5,703 325,299 Xilinx Inc. 4,990 214,969 3,754,410

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April 30, 2016 Security

SOFTWARE — 2.27% Activision Blizzard Inc. Adobe Systems Inc.a ANSYS Inc.a Autodesk Inc.a CA Inc. CDK Global Inc. Citrix Systems Inc.a Electronic Arts Inc.a Fortinet Inc.a Intuit Inc. Microsoft Corp. NetSuite Inc.a,b Nuance Communications Inc.a Oracle Corp. Red Hat Inc.a salesforce.com inc.a ServiceNow Inc.a Splunk Inc.a,b Symantec Corp. Synopsys Inc.a Tableau Software Inc. Class Aa VMware Inc. Class Aa Workday Inc. Class Aa,b SPECIALTY RETAIL — 2.65% Advance Auto Parts Inc. AutoNation Inc.a,b AutoZone Inc.a Bed Bath & Beyond Inc.a,b Best Buy Co. Inc. CarMax Inc.a,b Dick’s Sporting Goods Inc. Foot Locker Inc.b GameStop Corp. Class A Gap Inc. (The) Home Depot Inc. (The) L Brands Inc. Lowe’s Companies Inc. O’Reilly Automotive Inc.a Ross Stores Inc. Signet Jewelers Ltd. Staples Inc. Tiffany & Co.

220

Shares

Value

5,004 $ 172,488 299,337 3,177 4,204 381,597 158,762 2,654 428,498 14,447 2,711 128,962 217,040 2,652 1,861 115,103 126,236 3,883 3,549 358,058 212,995 4,271 156,569 1,932 7,143 122,717 271,008 6,799 2,053 150,629 165,320 2,181 83,489 1,168 61,960 1,192 200,589 12,051 11,243 534,267 72,690 1,406 2,513 143,015 117,494 1,567 4,678,823 1,286 3,971 674 6,116 2,256 3,031 6,343 3,882 2,480 8,437 4,022 2,914 5,077 1,296 5,839 1,613 15,109 3,435

200,745 201,131 515,765 288,798 72,372 160,491 293,935 238,510 81,344 195,570 538,506 228,137 385,954 340,433 331,538 175,107 154,112 245,087

Security TJX Companies Inc. (The) Tractor Supply Co. Ulta Salon Cosmetics & Fragrance Inc.a TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.57% Apple Inc. EMC Corp./MA Hewlett Packard Enterprise Co. HP Inc. NetApp Inc. SanDisk Corp. Seagate Technology PLC Western Digital Corp.

Shares

5,804 $ 440,059 2,438 230,781 711 148,087 5,466,462 1,641 11,183 9,503 11,083 8,136 1,286 3,008 2,272

TEXTILES, APPAREL & LUXURY GOODS — 0.95% Coach Inc. 5,946 Hanesbrands Inc. 6,397 lululemon athletica Inc.a 2,026 Michael Kors Holdings Ltd.a 3,365 NIKE Inc. Class B 5,896 PVH Corp. 2,251 Ralph Lauren Corp. 1,602 Under Armour Inc.a,b 1,422 Under Armour Inc. Class Aa,b 1,422 VF Corp. 6,228 THRIFTS & MORTGAGE FINANCE — 0.24% New York Community Bancorp. Inc. TOBACCO — 0.76% Altria Group Inc. Philip Morris International Inc. Reynolds American Inc.

Value

153,828 291,988 158,320 135,989 192,335 96,617 65,484 92,845 1,187,406 239,445 185,705 132,804 173,836 347,510 215,196 149,322 58,018 62,483 392,675 1,956,994

32,512

488,655 488,655

9,086 5,598 9,194

569,783 549,276 456,022 1,575,081

TRADING COMPANIES & DISTRIBUTORS — 0.42% Fastenal Co. 7,232 United Rentals Inc.a,b 1,258 WW Grainger Inc. 1,906

338,385 84,198 446,995 869,578

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April 30, 2016 Security WATER UTILITIES — 0.44% American Water Works Co. Inc.

Shares

12,396

Value

$

WIRELESS TELECOMMUNICATION SERVICES — 0.12% Sprint Corp.a,b 16,234 T-Mobile U.S. Inc.a 4,824 TOTAL COMMON STOCKS (Cost: $194,087,349)

901,933 901,933 55,682 189,487 245,169

206,254,248

SHORT-TERM INVESTMENTS — 1.94%

MONEY MARKET FUNDS — 1.94% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%c,d,e BlackRock Cash Funds: Prime, SL Agency Shares 0.49%c,d,e BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%c,d

3,643,203

3,643,203

198,782

198,782

161,027

161,027 4,003,012

TOTAL SHORT-TERM INVESTMENTS (Cost: $4,003,012)

TOTAL INVESTMENTS IN SECURITIES — 101.82% (Cost: $198,090,361) Other Assets, Less Liabilities — (1.82)% NET ASSETS — 100.00%

4,003,012

210,257,260 (3,749,389) $206,507,871

NVS — Non-Voting Shares a b c

d e

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.85% AEROSPACE & DEFENSE — 0.97% L-3 Communications Holdings Inc.

53,974 $ 7,099,200 7,099,200

AIRLINES — 2.81% American Airlines Group Inc. Delta Air Lines Inc. Southwest Airlines Co. United Continental Holdings Inc.a

103,001 181,073 130,477 79,518

3,573,105 7,545,312 5,820,579 3,642,719 20,581,715

AUTO COMPONENTS — 1.32% Goodyear Tire & Rubber Co. (The) Johnson Controls Inc. Lear Corp.

44,128 159,131 15,617

1,278,388 6,588,024 1,797,985 9,664,397

AUTOMOBILES — 5.66% Ford Motor Co. General Motors Co. BANKS — 8.34% Bank of America Corp. CIT Group Inc. Citigroup Inc. Citizens Financial Group Inc. JPMorgan Chase & Co. KeyCorp PNC Financial Services Group Inc. (The)b Regions Financial Corp. SunTrust Banks Inc. BEVERAGES — 0.95% Molson Coors Brewing Co. Class B BIOTECHNOLOGY — 2.16% Gilead Sciences Inc.

222

1,380,224 715,628

1,115,396 15,625 348,613 48,116 315,479 47,471 39,609 134,464 42,236

18,715,838 22,756,970 41,472,808 16,240,166 540,156 16,133,810 1,099,451 19,938,273 583,418 3,476,878 1,261,272 1,762,931 61,036,355

72,801

6,961,960 6,961,960

179,574

15,840,223 15,840,223

Security CAPITAL MARKETS — 1.23% Goldman Sachs Group Inc. (The) Morgan Stanley CHEMICALS — 1.52% Celanese Corp. Series A CF Industries Holdings Inc. Eastman Chemical Co. LyondellBasell Industries NV Class A Mosaic Co. (The) Westlake Chemical Corp.

Shares

Value

33,593 $ 5,512,947 128,065 3,465,439 8,978,386 14,126 33,580 19,626 66,387 63,122 5,607

COMMERCIAL SERVICES & SUPPLIES — 0.87% ADT Corp. (The) 152,464 COMMUNICATIONS EQUIPMENT — 5.67% Cisco Systems Inc. 1,439,479 Juniper Networks Inc. 82,591 CONSTRUCTION & ENGINEERING — 1.21% Chicago Bridge & Iron Co. NV 35,511 Fluor Corp. 19,447 Jacobs Engineering Group Inc.a 100,570 Quanta Services Inc.a 78,964

998,708 1,110,491 1,499,034 5,488,213 1,766,785 281,415 11,144,646 6,400,439 6,400,439 39,571,278 1,932,629 41,503,907 1,429,318 1,062,973 4,483,410 1,873,026 8,848,727

CONSUMER FINANCE — 0.68% Ally Financial Inc.a Capital One Financial Corp. Navient Corp.

52,399 50,636 28,114

933,226 3,665,540 384,319 4,983,085

CONTAINERS & PACKAGING — 0.54% International Paper Co. WestRock Co.

55,531 36,944

2,402,826 1,546,107 3,948,933

DIVERSIFIED CONSUMER SERVICES — 0.09% H&R Block Inc. 32,386

655,493 655,493

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April 30, 2016 Security

Shares

DIVERSIFIED FINANCIAL SERVICES — 0.16% Leucadia National Corp. 19,858 $ Voya Financial Inc. 26,464

Value

331,232 859,286 1,190,518 DIVERSIFIED TELECOMMUNICATION SERVICES — 2.82% AT&T Inc. 486,655 18,891,947 CenturyLink Inc. 56,673 1,754,029 20,645,976 ELECTRIC UTILITIES — 2.60% Entergy Corp. 3,448,958 45,876 Exelon Corp. 218,615 7,671,200 FirstEnergy Corp. 2,843,249 87,243 PG&E Corp. 66,851 3,890,728 Pinnacle West Capital Corp. 1,176,349 16,192 19,030,484 ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.11% Arrow Electronics Inc.a 35,252 2,189,149 Avnet Inc. 1,944,483 47,288 Corning Inc. 8,725,555 467,357 Flextronics International Ltd.a 215,152 2,614,097 15,473,284 ENERGY EQUIPMENT & SERVICES — 0.20% National Oilwell Varco Inc. 1,456,304 40,408 1,456,304 FOOD & STAPLES RETAILING — 4.89% Kroger Co. (The) 294,594 10,425,682 Wal-Mart Stores Inc. 361,783 24,192,429 Whole Foods Market Inc. 40,761 1,185,330 35,803,441 FOOD PRODUCTS — 4.68% Archer-Daniels-Midland Co. 438,784 17,525,033 Bunge Ltd. 94,318 5,894,875 JM Smucker Co. (The) 2,018,982 15,900 Tyson Foods Inc. Class A 133,744 8,803,030 34,241,920 HEALTH CARE EQUIPMENT & SUPPLIES — 1.88% Medtronic PLC 173,807 13,756,824 13,756,824

Security

Shares

Value

HEALTH CARE PROVIDERS & SERVICES — 6.84% Aetna Inc. 55,882 $ 6,273,872 Anthem Inc. 48,514 6,829,316 Cardinal Health Inc. 35,987 2,823,540 Centene Corp.a 28,837 1,786,741 Cigna Corp. 32,326 4,478,444 Express Scripts Holding Co.a 84,572 6,235,494 Humana Inc. 19,658 3,480,842 Quest Diagnostics Inc. 20,538 1,543,841 UnitedHealth Group Inc. 115,384 15,193,765 Universal Health Services Inc. Class B 10,446 1,396,421 50,042,276 HOTELS, RESTAURANTS & LEISURE — 0.73% Carnival Corp. 109,310 5,361,655 5,361,655 HOUSEHOLD DURABLES — 0.76% PulteGroup Inc. 91,394 1,680,735 Whirlpool Corp. 22,127 3,853,196 5,533,931 INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.31% AES Corp./VA 108,764 1,213,806 NRG Energy Inc. 70,361 1,062,451 2,276,257 INSURANCE — 4.50% Aflac Inc. 28,025 1,932,884 Alleghany Corp.a 944 492,088 Allstate Corp. (The) 27,307 1,776,320 American International Group Inc. 131,226 7,325,035 Assurant Inc. 5,665 479,089 Axis Capital Holdings Ltd. 8,013 426,853 Chubb Ltd. 17,683 2,084,119 Everest Re Group Ltd. 4,221 780,463 Hartford Financial Services Group Inc. (The) 36,456 1,617,917 Lincoln National Corp. 28,218 1,226,072 Loews Corp. 28,879 1,145,919 MetLife Inc. 115,682 5,217,258 Prudential Financial Inc. 52,872 4,104,982

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April 30, 2016 Security

RenaissanceRe Holdings Ltd. Travelers Companies Inc. (The) Unum Group XL Group PLC

Shares

Value

3,303 $ 366,336 20,443 2,246,686 851,692 24,896 27,633 904,428 32,978,141

IT SERVICES — 0.49% Xerox Corp.

376,880

3,618,048 3,618,048

MACHINERY — 1.00% AGCO Corp. Cummins Inc.

76,859 27,637

4,109,651 3,234,358 7,344,009

MEDIA — 0.38% News Corp. Class A TEGNA Inc.

159,665 35,566

1,983,039 830,822 2,813,861

METALS & MINING — 1.20% Alcoa Inc. Freeport-McMoRan Inc. Newmont Mining Corp.

190,571 265,479 83,720

2,128,678 3,716,706 2,927,688 8,773,072

83,174

3,836,817 3,836,817

74,040 90,209 126,208

3,279,972 3,571,374 10,033,536 16,884,882

MULTI-UTILITIES — 0.52% Public Service Enterprise Group Inc. MULTILINE RETAIL — 2.31% Kohl’s Corp. Macy’s Inc. Target Corp.

OIL, GAS & CONSUMABLE FUELS — 6.99% Apache Corp. 57,271 Chevron Corp. 230,220 ConocoPhillips 129,607 Devon Energy Corp. 53,403 Hess Corp. 27,758 HollyFrontier Corp. 16,580 Marathon Oil Corp. 121,122

224

3,115,542 23,523,879 6,193,918 1,852,016 1,654,932 590,248 1,706,609

Security Murphy Oil Corp. Occidental Petroleum Corp. Southwestern Energy Co.a,c Valero Energy Corp. PHARMACEUTICALS — 4.26% Mallinckrodt PLCa,c Mylan NVa Pfizer Inc.

Shares

Value

26,239 $ 937,782 78,964 6,052,591 31,820 427,343 86,601 5,098,201 51,153,061 16,992 33,552 877,396

1,062,340 1,399,454 28,699,623 31,161,417 REAL ESTATE INVESTMENT TRUSTS (REITS) — 0.28% American Capital Agency Corp.c 46,298 850,494 Annaly Capital Management Inc. 112,731 1,174,657 2,025,151 ROAD & RAIL — 2.03% Hertz Global Holdings Inc.a,c 248,163 2,297,990 Norfolk Southern Corp. 139,765 12,594,224 14,892,214 SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 6.11% Intel Corp. 1,238,466 37,500,751 Marvell Technology Group Ltd. 165,483 1,651,520 Micron Technology Inc.a 435,677 4,683,528 Qorvo Inc.a 19,267 867,593 44,703,392 SOFTWARE — 0.76% CA Inc. 86,280 2,559,065 Symantec Corp. 179,281 2,984,132 5,543,197 SPECIALTY RETAIL — 1.92% Bed Bath & Beyond Inc.a 42,335 1,999,059 Best Buy Co. Inc. 140,271 4,499,894 Dick’s Sporting Goods Inc. 9,945 460,851 Foot Locker Inc. 26,813 1,647,391 GameStop Corp. Class A 47,929 1,572,071 Gap Inc. (The) 70,935 1,644,273 Staples Inc. 216,330 2,206,566 14,030,105

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April 30, 2016 Security

Shares

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 4.48% EMC Corp./MA 540,796 HP Inc. 852,991 NetApp Inc. 100,523 Seagate Technology PLC 100,056 Western Digital Corp. 89,134

TEXTILES, APPAREL & LUXURY GOODS — 0.12% PVH Corp. 8,966 TRADING COMPANIES & DISTRIBUTORS — 0.50% United Rentals Inc.a 54,425 TOTAL COMMON STOCKS (Cost: $736,115,459)

Value

$ 14,120,183 10,466,200 2,376,364 2,178,219 3,642,461 32,783,427 857,150 857,150 3,642,665 3,642,665 730,973,753

SHORT-TERM INVESTMENTS — 0.45% MONEY MARKET FUNDS — 0.45% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%b,d,e BlackRock Cash Funds: Prime, SL Agency Shares 0.49%b,d,e BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%b,d

2,637,943

2,637,943

143,933

143,933

488,971

488,971 3,270,847

TOTAL SHORT-TERM INVESTMENTS (Cost: $3,270,847)

TOTAL INVESTMENTS IN SECURITIES — 100.30% (Cost: $739,386,306) Other Assets, Less Liabilities — (0.30)% NET ASSETS — 100.00% a b c

d e

3,270,847

734,244,600 (2,170,716) $732,073,884

Non-income earning security. Affiliated issuer. See Note 2. All or a portion of this security represents a security on loan. See Note 1. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

225

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Schedule of Investments (Unaudited) iSHARES® EXPONENTIAL TECHNOLOGIES ETF

For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.24%

AUSTRALIA — 1.28% AGL Energy Ltd. Origin Energy Ltd. BELGIUM — 0.99% Proximus SADP UCB SA

297,216 $ 4,148,546 1,146,522 4,803,577 8,952,123

Security

Shares

Merck KGaA Telefonica Deutschland Holding AG

38,016 $ 3,573,459 648,576 3,293,780 24,709,952

INDIA — 1.63% Infosys Ltd. ADRb Wipro Ltd. ADRb

Value

316,224 449,280

5,945,011 5,458,752 11,403,763

2,927,808

2,850,359 2,850,359

JAPAN — 0.85% FANUC Corp. Honda Motor Co. Ltd.

17,700 115,200

2,730,394 3,221,982 5,952,376

114,048 41,472

3,837,104 3,104,120 6,941,224

BRAZIL — 1.00% Embraer SA TIM Participacoes SA

452,440 1,948,255

2,696,966 4,313,397 7,010,363

CANADA — 2.23% BlackBerry Ltd.a,b Bombardier Inc. Class Ba,b CGI Group Inc. Class Aa Valeant Pharmaceuticals International Inc.a

497,088 4,470,376 87,552 39,168

3,516,046 6,745,179 4,006,451 1,307,997 15,575,673

NETHERLANDS — 2.09% ASM International NV ASML Holding NV Koninklijke KPN NV QIAGEN NVa

92,736 40,320 965,952 140,544

DENMARK — 1.57% H Lundbeck A/Sa Novo Nordisk A/S Class B Novozymes A/S Class B

3,783,914 3,897,633 3,800,321 3,156,618 14,638,486

114,048 63,936 74,304

3,810,199 3,570,530 3,561,808 10,942,537

NEW ZEALAND — 0.60% Fisher & Paykel Healthcare Corp. Ltd.

653,184

4,179,160 4,179,160

FRANCE — 4.96% Airbus Group SE Atos SE BioMerieux SAb Bouygues SA Capgemini SA Numericable-SFR SA Orange SA Sanofi STMicroelectronics NV Vivendi SA

NORWAY — 0.52% Telenor ASA

211,392

52,416 42,624 31,680 93,312 39,168 90,432 218,304 43,776 537,984 169,920

3,278,491 3,792,777 4,087,468 3,112,195 3,657,521 2,960,727 3,620,498 3,615,510 3,305,188 3,261,794 34,692,169

3,638,557 3,638,557

RUSSIA — 0.67% Mobile TeleSystems PJSC ADR

505,152

4,677,708 4,677,708

3,611

3,945,669 3,945,669

SPAIN — 0.96% Grifols SA Telefonica SA

154,944 306,432

3,370,948 3,341,953 6,712,901

GERMANY — 3.53% BASF SE Bayer AG Registered Deutsche Boerse AG Deutsche Telekom AG Registered Infineon Technologies AG

46,080 29,952 43,200 202,176 245,376

3,807,911 3,456,280 3,547,156 3,539,428 3,491,938

SWEDEN — 1.95% Elekta AB Class Bb Millicom International Cellular SA SDR

425,664 60,480

3,114,569 3,498,024

226

ITALY — 0.41% Telecom Italia SpA/Milanoa,b

SOUTH KOREA — 0.57% Samsung Electronics Co. Ltd.

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For personal use only

April 30, 2016 Security

Shares

Tele2 AB Class B Telia Co. AB

363,456 $ 3,470,352 747,072 3,571,255 13,654,200

SWITZERLAND — 3.22% Actelion Ltd. Registered Lonza Group AG Registered Novartis AG Registered Roche Holding AG Swisscom AG Registered Syngenta AG Registered

Value

26,496 23,040 43,776 13,248 7,488 9,792

4,284,695 3,836,394 3,343,144 3,351,737 3,800,638 3,922,930 22,539,538

UNITED KINGDOM — 3.86% ARM Holdings PLC AstraZeneca PLC BT Group PLC GlaxoSmithKline PLC London Stock Exchange Group PLC Shire PLC Sky PLC Vodafone Group PLC

217,728 54,144 508,608 182,592 92,736 55,296 219,456 1,093,248

2,990,156 3,115,517 3,302,107 3,902,522 3,685,585 3,451,545 3,017,102 3,510,488 26,975,022

UNITED STATES — 66.35% 3D Systems Corp.a,b AbbVie Inc. Accenture PLC Class A Advanced Micro Devices Inc.a,b Agilent Technologies Inc. Akorn Inc.a,b Alexion Pharmaceuticals Inc.a Alnylam Pharmaceuticals Inc.a,b Alphabet Inc. Class Aa Amazon.com Inc.a AMETEK Inc. Amgen Inc. Amphenol Corp. Class A Analog Devices Inc. Apple Inc. Applied Materials Inc. Arista Networks Inc.a,b AT&T Inc. Baxalta Inc. Berkshire Hathaway Inc. Class Ba Biogen Inc.a

395,240 65,088 34,560 1,545,984 91,008 102,528 20,160 36,288 4,769 5,470 67,392 23,040 67,392 63,936 31,680 190,656 50,688 108,864 97,344 28,224 12,672

6,991,796 3,970,368 3,902,515 5,488,243 3,724,047 2,609,338 2,807,885 2,432,748 3,375,880 3,607,957 3,240,881 3,647,232 3,762,495 3,600,875 2,969,683 3,902,728 3,376,835 4,226,100 4,083,581 4,106,027 3,484,673

Security

Shares

Value

BioMarin Pharmaceutical Inc.a,b BlackRock Inc.c Boeing Co. (The) Bristol-Myers Squibb Co. Cablevision Systems Corp. Class A Cavium Inc.a Celgene Corp.a CH Robinson Worldwide Inc. Charles River Laboratories International Inc.a Ciena Corp.a Cisco Systems Inc. CME Group Inc./IL Cognizant Technology Solutions Corp. Class Aa Computer Sciences Corp. Covanta Holding Corp.b Cypress Semiconductor Corp. Danaher Corp. Dover Corp. Dow Chemical Co. (The) Dun & Bradstreet Corp. (The) Eaton Corp. PLC EI du Pont de Nemours & Co. Eli Lilly & Co. EMC Corp./MA Emerson Electric Co. Endo International PLCa Exelixis Inc.a,b Facebook Inc. Class Aa FactSet Research Systems Inc. First Solar Inc.a,b General Electric Co. Gilead Sciences Inc. Halliburton Co. Hologic Inc.a Honeywell International Inc. Illumina Inc.a Incyte Corp.a,b Infinera Corp.a Ingram Micro Inc. Class A Intel Corp. Intercontinental Exchange Inc. International Business Machines Corp.

38,592 $3,267,971 10,368 3,694,429 25,344 3,416,371 53,568 3,866,538 121,536 4,058,087 57,024 2,815,275 32,832 3,395,157 59,904 4,251,387 49,536 3,926,719 151,488 2,549,543 135,936 3,736,881 38,592 3,546,991 61,056 3,563,839 119,232 3,950,156 239,616 3,896,156 369,216 3,334,020 39,168 3,789,504 57,600 3,784,320 63,936 3,363,673 35,136 3,879,366 69,120 4,373,222 48,960 3,226,954 43,776 3,306,401 139,392 3,639,525 76,608 4,185,095 59,904 1,617,408 754,560 3,478,522 35,136 4,131,291 21,888 3,299,616 62,208 3,473,695 118,656 3,648,672 35,712 3,150,155 94,464 3,902,308 97,920 3,289,133 35,136 4,014,991 20,736 2,799,153 33,984 2,456,024 169,920 2,020,349 116,928 4,086,634 104,256 3,156,872 14,400 3,456,432 26,496 3,866,826

227

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April 30, 2016 Security

Shares

Intuitive Surgical Inc.a Ionis Pharmaceuticals Inc.a,b Jack Henry & Associates Inc. Jazz Pharmaceuticals PLCa Johnson & Johnson Johnson Controls Inc. Kite Pharma Inc.a KLA-Tencor Corp. Laboratory Corp. of America Holdingsa Lam Research Corp. LendingClub Corp.a,b Linear Technology Corp. Lockheed Martin Corp. Mallinckrodt PLCa Marvell Technology Group Ltd. Maxim Integrated Products Inc. Medtronic PLC MercadoLibre Inc. Merck & Co. Inc. Microchip Technology Inc. Micron Technology Inc.a Microsoft Corp. Monsanto Co. Myriad Genetics Inc.a Nasdaq Inc. National Oilwell Varco Inc. NetApp Inc. Netflix Inc.a Northrop Grumman Corp. NVIDIA Corp. PAREXEL International Corp.a PayPal Holdings Inc.a Pfizer Inc. Qlik Technologies Inc.a QUALCOMM Inc. Quest Diagnostics Inc. Quintiles Transnational Holdings Inc.a Raytheon Co. Red Hat Inc.a Regeneron Pharmaceuticals Inc.a Rockwell Collins Inc. Roper Technologies Inc. Schlumberger Ltd.

7,080 $4,434,629 63,936 2,619,458 47,808 3,873,882 26,496 3,992,947 36,288 4,067,159 89,856 3,720,038 51,840 2,399,155 53,568 3,746,546 29,952 3,753,585 46,656 3,564,518 271,296 2,143,238 83,520 3,714,970 17,856 4,149,377 51,840 3,241,037 439,488 4,386,090 97,344 3,477,128 47,232 3,738,413 31,104 3,884,579 70,272 3,853,716 79,488 3,862,322 273,600 2,941,200 66,240 3,303,389 38,016 3,561,339 84,672 3,048,192 64,512 3,981,035 113,492 4,090,252 120,384 2,845,878 29,376 2,644,721 19,584 4,039,396 111,168 3,949,799 56,448 3,448,973 104,256 4,084,750 115,200 3,768,192 118,080 3,635,683 74,880 3,782,938 53,568 4,026,707 55,872 3,859,079 28,800 3,638,880 46,656 3,423,151 6,912 2,603,819 40,320 3,555,821 19,584 3,448,547 50,112 4,025,998

228

Value

Security

Shares

Seagate Technology PLC Seattle Genetics Inc.a,b Skyworks Solutions Inc. Splunk Inc.a,b Sprint Corp.a,b St. Jude Medical Inc. Stryker Corp. SunPower Corp.a,b Synaptics Inc.a,b T-Mobile U.S. Inc.a Tableau Software Inc. Class Aa,b TE Connectivity Ltd. Tesla Motors Inc.a,b Texas Instruments Inc. U.S. Cellular Corp.a United Technologies Corp. UnitedHealth Group Inc. Varian Medical Systems Inc.a,b Verint Systems Inc.a Verizon Communications Inc. Vertex Pharmaceuticals Inc.a VMware Inc. Class Aa Xilinx Inc. Zoetis Inc.

103,680 90,432 43,200 64,512 978,624 61,056 39,748 161,280 47,232 101,376 39,744 55,872 16,128 63,936 87,552 38,592 31,680 46,656 91,008 79,488 30,528 62,208 75,456 82,368

TOTAL COMMON STOCKS (Cost: $722,333,043)

Value $

2,257,114 3,208,527 2,886,624 3,353,334 3,356,680 4,652,467 4,332,929 3,248,179 3,379,450 3,982,049 2,054,765 3,323,267 3,882,977 3,646,909 3,733,217 4,027,847 4,171,622 3,787,534 3,079,711 4,049,119 2,574,732 3,540,257 3,250,644 3,873,767 463,961,795 693,953,575

PREFERRED STOCKS — 0.42% BRAZIL — 0.42% Oi SA

9,926,567

TOTAL PREFERRED STOCKS (Cost: $4,293,451)

2,934,131 2,934,131 2,934,131

SHORT-TERM INVESTMENTS — 8.24% MONEY MARKET FUNDS — 8.24% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%c,d,e BlackRock Cash Funds: Prime, SL Agency Shares 0.49%c,d,e

53,953,060

53,953,060

2,943,813

2,943,813

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April 30, 2016 Security

Shares

BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%c,d

697,658

TOTAL SHORT-TERM INVESTMENTS (Cost: $57,594,531)

TOTAL INVESTMENTS IN SECURITIES — 107.90% (Cost: $784,221,025) Other Assets, Less Liabilities — (7.90)% NET ASSETS — 100.00%

Value

$

697,658 57,594,531 57,594,531

754,482,237 (55,229,387) $699,252,850

ADR — American Depositary Receipts SDR — Swedish Depositary Receipts a b c

d e

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

229

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Schedule of Investments (Unaudited) iSHARES® MORNINGSTAR MULTI-ASSET INCOME ETF

For personal use only

April 30, 2016 Security

Shares

Value

INVESTMENT COMPANIES — 100.01%

DOMESTIC EQUITY — 14.69% iShares Core High Dividend ETFa iShares U.S. Preferred Stock ETFa,b DOMESTIC REAL ESTATE — 10.14% iShares Mortgage Real Estate Capped ETFa,b INTERNATIONAL EQUITY — 15.22% iShares International Select Dividend ETFa

140,277 $ 11,060,841 559,151 21,907,536 32,968,377 2,313,835

1,144,002

INTERNATIONAL FIXED INCOME — 5.16% iShares Emerging Markets Local 262,426 Currency Bond ETFa INVESTMENT GRADE BONDS — 34.64% iShares 10+ Year Credit Bond ETFa iShares iBoxx $ Investment Grade Corporate Bond ETFa iShares Intermediate Credit Bond ETFa

22,744,998 22,744,998 34,159,900 34,159,900

277,998 195,813

33,451,500 21,568,802 77,739,122 45,241,351 45,241,351 224,429,359

SHORT-TERM INVESTMENTS — 15.43% MONEY MARKET FUNDS — 15.43% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%a,c,d BlackRock Cash Funds: Prime, SL Agency Shares 0.49%a,c,d

230

32,822,093

32,822,093

1,790,855

1,790,855

Shares

7,900

TOTAL SHORT-TERM INVESTMENTS (Cost: $34,620,848) TOTAL INVESTMENTS IN SECURITIES — 115.44% (Cost: $268,529,735) Other Assets, Less Liabilities — (15.44)% NET ASSETS — 100.00% a c

11,575,611 11,575,611 22,718,820

TOTAL INVESTMENT COMPANIES (Cost: $233,908,887)

BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%a,c

b

376,264

NON-INVESTMENT GRADE BONDS — 20.16% iShares iBoxx $ High Yield Corporate Bond ETFa,b 539,551

Security

d

Value

$

7,900 34,620,848 34,620,848

259,050,207 (34,640,461) $224,409,746

Affiliated issuer. See Note 2. All or a portion of this security represents a security on loan. See Note 1. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Schedule of Investments (Unaudited) iSHARES® MSCI ACWI ETF

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.00%

AUSTRALIA — 2.41% Alumina Ltd. Amcor Ltd./Australia AMP Ltd. APA Group Asciano Ltd. ASX Ltd. Aurizon Holdings Ltd. AusNet Services Australia & New Zealand Banking Group Ltd. Bendigo & Adelaide Bank Ltd. BHP Billiton Ltd. Boral Ltd. Brambles Ltd. Coca-Cola Amatil Ltd. Commonwealth Bank of Australia CSL Ltd. Dexus Property Group Goodman Group GPT Group (The) Incitec Pivot Ltd. James Hardie Industries PLC LendLease Group Macquarie Group Ltd. Medibank Pvt Ltd. Mirvac Group National Australia Bank Ltd. Orica Ltd.a Origin Energy Ltd. QBE Insurance Group Ltd. Rio Tinto Ltd. Santos Ltd. Scentre Group South32 Ltd.b Stockland Suncorp Group Ltd. Sydney Airport Telstra Corp. Ltd. Transurban Group Vicinity Centres Wesfarmers Ltd. Westfield Corp.

1,036,024 $ 1,182,010 148,352 1,743,509 3,270,218 728,768 217,160 1,450,100 721,018 106,998 133,487 4,454,803 424,589 130,296 660,999 564,264 376,412 60,512 371,856 230,824 576,591 143,960 264,359 99,064 119,072 227,896 200,568 453,352 137,128 103,456 93,335 693,448 429,928 399,184 122,488 381,754 210,816 100,665 280,600 799,972 1,287,344 273,768 444,231 452,376 970,958 144,650 585,112 178,256 313,476

6,971,774 430,395 5,868,612 1,134,428 5,491,519 944,823 14,906,985 7,951,683 765,124 1,198,301 769,909 1,114,042 1,939,151 1,002,696 4,523,018 1,661,704 613,546 8,283,090 1,430,194 1,599,433 1,793,860 3,960,201 1,027,872 2,863,239 1,630,845 913,007 4,237,687 2,351,022 3,971,689 1,278,312 1,482,474 5,818,264 2,416,216

Security

Shares

Westpac Banking Corp. Woodside Petroleum Ltd. Woolworths Ltd.a

510,780 $ 12,103,348 112,240 2,427,490 216,334 3,650,258 134,433,457

AUSTRIA — 0.08% Erste Group Bank AGb OMV AG Voestalpine AG BELGIUM — 0.48% Ageas Anheuser-Busch InBev SA/NV Groupe Bruxelles Lambert SA KBC Groep NV UCB SA BRAZIL — 0.40% Ambev SA BM&FBovespa SA-Bolsa de Valores Mercadorias e Futuros BR Malls Participacoes SA BRF SA CCR SA Cia. de Saneamento Basico do Estado de Sao Paulo Cielo SA Embraer SA Hypermarcas SA Klabin SA Units Natura Cosmeticos SA TIM Participacoes SA Ultrapar Participacoes SA CANADA — 3.23% Agnico Eagle Mines Ltd. Agrium Inc. Alimentation Couche-Tard Inc. Class B ARC Resources Ltd. Bank of Montreal Bank of Nova Scotia (The) Barrick Gold Corp. BCE Inc. Bombardier Inc. Class Ba,b

Value

60,851 42,555 42,944

1,750,755 1,277,484 1,548,372 4,576,611

61,286 139,568 41,679 38,552 16,592

2,404,842 17,280,231 3,681,956 2,164,945 1,241,888 26,773,862

634,495

3,565,219

536,800 390,400 167,672 195,200

2,672,489 1,915,345 2,390,594 915,247

146,400 163,555 244,064 195,200 244,000 146,400 146,400 97,600

1,120,019 1,587,775 1,454,850 1,716,230 1,232,445 1,081,836 324,127 2,048,276 22,024,452

82,472 21,143 65,392 37,576 114,027 181,218 244,976 43,432 574,376

3,905,009 1,824,989 2,871,276 635,066 7,440,976 9,519,515 4,750,493 2,040,188 866,654

231

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Shares

Brookfield Asset Management Inc. Class A Cameco Corp. Canadian Imperial Bank of Commerce/Canada Canadian National Railway Co. Canadian Natural Resources Ltd. Canadian Pacific Railway Ltd. Canadian Tire Corp. Ltd. Class A Canadian Utilities Ltd. Class A Cenovus Energy Inc. Crescent Point Energy Corp. Dollarama Inc. Enbridge Inc. Encana Corp. Finning International Inc. First Quantum Minerals Ltd. Fortis Inc./Canada Franco-Nevada Corp. Gildan Activewear Inc. Goldcorp Inc. H&R REIT Husky Energy Inc. Imperial Oil Ltd. Magna International Inc. Class A Manulife Financial Corp. National Bank of Canada Open Text Corp. Pembina Pipeline Corp. Potash Corp. of Saskatchewan Inc. Power Corp. of Canada Restaurant Brands International Inc. Rogers Communications Inc. Class B Royal Bank of Canada Saputo Inc. Shaw Communications Inc. Class B Silver Wheaton Corp. SNC-Lavalin Group Inc. Sun Life Financial Inc. Suncor Energy Inc. TELUS Corp.

230,336 $ 7,796,780 121,746 1,525,956

232

78,266 134,688 193,433 33,184 7,535 12,398 117,608 59,048 37,576 167,872 118,096 29,768 174,216 15,311 58,072 68,320 184,952 14,152 94,819 80,191 61,488 285,986 30,622 22,448 40,016 145,074 146,046 43,432 106,384 214,790 19,520 226,970 109,312 67,344 103,519 271,921 22,380

Value

6,332,011 8,307,516 5,818,741 4,795,864 822,137 357,212 1,867,494 996,547 2,713,656 6,985,062 905,095 529,959 1,486,803 486,490 4,084,419 2,125,523 3,732,705 247,654 1,196,781 2,663,857 2,586,953 4,223,807 1,096,192 1,258,959 1,204,058 2,571,166 3,554,960 1,878,262 4,144,611 13,361,358 614,773 4,207,443 2,294,278 2,538,169 3,537,133 7,995,250 710,743

Security

Shares

Value

Thomson Reuters Corp. Toronto-Dominion Bank (The) Tourmaline Oil Corp.a,b TransCanada Corp. Valeant Pharmaceuticals International Inc.a,b

55,238 $ 2,277,256 275,431 12,280,713 49,000 1,132,093 124,662 5,185,127 53,192

1,776,322 180,062,054

CHILE — 0.16% AES Gener SA Aguas Andinas SA Series A Banco de Chile Banco de Credito e Inversiones Banco Santander Chile Cia. Cervecerias Unidas SA Colbun SA Empresa Nacional de Electricidad SA/Chile Empresas CMPC SA Empresas COPEC SA Endesa Americas SA Enersis Americas SA Enersis Chile SA Itau CorpBanca LATAM Airlines Group SAb SACI Falabella

645,899 1,157,048 5,055,170 11,512 8,809,093 61,000 2,600,064

323,832 670,608 554,384 495,180 424,012 683,718 700,904

527,528 412,848 61,488 527,528 3,808,840 3,808,840 43,111,872 113,704 77,600

485,694 922,955 614,410 247,336 647,403 466,608 391,983 812,131 600,762 9,041,920

CHINA — 2.42% 58.com Inc. ADRb Agricultural Bank of China Ltd. Class H Alibaba Group Holding Ltd. ADRa,b Baidu Inc.b Bank of China Ltd. Class H Belle International Holdings Ltd. Brilliance China Automotive Holdings Ltd. China Construction Bank Corp. Class H China Galaxy Securities Co. Ltd. Class H China Gas Holdings Ltd.a China Huishan Dairy Holdings Co. Ltd.a

10,736 3,416,000 64,416 17,080 14,152,000 976,000 1,952,000 11,080,260 732,000 1,952,000 1,952,000

586,722 1,237,426 4,956,167 3,318,644 5,783,252 598,896 1,935,090 7,127,636 645,449 2,823,369 729,748

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April 30, 2016 Security

Shares

Value

China Life Insurance Co. Ltd. Class H 1,952,000 $ 4,544,568 China Mengniu Dairy Co. Ltd. 976,000 1,658,289 China Merchants Bank Co. Ltd. Class H 2,147,099 976,288 China Mobile Ltd. 976,000 11,191,564 China Overseas Land & Investment Ltd.a 3,114,010 976,000 China Pacific Insurance Group Co. Ltd. Class H 585,600 2,068,458 China Petroleum & Chemical Corp. Class H 5,035,200 3,589,524 China Shenhua Energy Co. Ltd. Class H 976,000 1,650,740 China Shipping Container Lines Co. Ltd. 3,451,000 791,881 Class Ha,b China Taiping Insurance Holdings a,b Co. Ltd. 390,400 800,206 China Telecom Corp. Ltd. Class H 971,320 1,952,000 China Unicom Hong Kong Ltd. 2,304,997 1,952,000 Chongqing Changan Automobile Co. Ltd. 768,086 Class B 443,979 CNOOC Ltd. 3,646,223 2,928,000 Country Garden Holdings Co. Ltd.a 1,356,617 3,427,866 Ctrip.com International Ltd.a,b 16,592 723,577 Evergrande Real Estate Group Ltd.a 2,536,503 3,416,000 Fosun International Ltd.a 1,709,500 2,375,652 GCL-Poly Energy Holdings Ltd.a 1,274,517 8,523,000 GOME Electrical Appliances Holding Ltd.a 880,730 6,832,000 Great Wall Motor Co. Ltd. Class H 802,349 1,058,500 Guangdong Investment Ltd. 2,073,171 1,462,000 Haier Electronics Group Co. Ltd.a 1,464,000 2,472,335 Hengan International Group Co. Ltd.a 2,195,534 244,000 Industrial & Commercial Bank of China Ltd. Class H 11,738,260 6,370,607 Kunlun Energy Co. Ltd.a 976,000 850,534 Lenovo Group Ltd.a 1,552,601 1,952,000 Netease Inc. 892,601 6,344

Security New Oriental Education & Technology Group Inc. ADR PetroChina Co. Ltd. Class H Ping An Insurance Group Co. of China Ltd. Class H Qihoo 360 Technology Co. Ltd. ADRa,b Qunar Cayman Islands Ltd. ADRa,b Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B Shimao Property Holdings Ltd.a Sino-Ocean Land Holdings Ltd. SouFun Holdings Ltd. ADRa TAL Education Group Class A ADRa,b Tencent Holdings Ltd. Vipshop Holdings Ltd. ADRb Want Want China Holdings Ltd.a YY Inc. ADRb COLOMBIA — 0.02% Ecopetrol SA Grupo de Inversiones Suramericana SA CZECH REPUBLIC — 0.04% CEZ AS Komercni Banka AS O2 Czech Republic AS DENMARK — 0.69% Carlsberg A/S Class B Chr Hansen Holding A/S Danske Bank A/S DSV A/S Novo Nordisk A/S Class B Novozymes A/S Class B TDC A/S Tryg A/S

Shares

Value

23,424 $ 3,904,000

917,284 2,873,697

1,464,000 6,832 10,248

6,916,877 518,822 418,221

51,800 851,500 3,660,000 59,536 18,056 976,000 41,480 2,928,000 4,392

172,805 1,181,114 1,651,369 338,760 1,044,720 19,992,575 565,787 2,257,186 275,905 134,471,814

771,528 60,512

382,735 816,755 1,199,490

57,096 1,962 53,192

1,115,564 403,698 540,591 2,059,853

22,433 24,888 183,009 102,758 348,920 51,240 226,600 103,456

2,185,201 1,549,204 5,176,285 4,324,872 19,485,568 2,456,221 1,159,798 1,953,442 38,290,591

233

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EGYPT — 0.03% Commercial International Bank Egypt SAE Global Telecom Holding SAEb Talaat Moustafa Group FINLAND — 0.26% Fortum OYJ Metso OYJ Nokia OYJ Sampo OYJ Class A UPM-Kymmene OYJ FRANCE — 3.28% Accor SA Air Liquide SA Airbus Group SE Alstom SAb Arkema SA AXA SA BNP Paribas SA Bouygues SA Capgemini SA Carrefour SA Christian Dior SE Cie. de Saint-Gobain Cie. Generale des Etablissements Michelin Class B Credit Agricole SA Danone SA Edenred Engie SA Essilor International SA Groupe Eurotunnel SE Registered Hermes International Iliad SA Ingenico Group SA Kering L’Oreal SA Legrand SA LVMH Moet Hennessy Louis Vuitton SE

234

Shares

Value

138,535 $ 890,928 1,105,614

704,847 296,978 830,460 1,832,285

57,595 68,320 591,193 101,992 203,496

868,118 1,642,473 3,487,181 4,454,212 3,887,675 14,339,659

65,614 48,361 90,280 42,524 11,658 284,992 166,394 64,654 64,130 85,051 8,296 95,884

2,907,215 5,483,634 5,646,791 1,087,092 930,401 7,186,036 8,812,386 2,156,377 5,988,481 2,410,487 1,457,104 4,392,278

42,944 247,416 89,955 65,044 224,480 57,584 122,976 3,416 6,344 3,416 21,472 38,639 41,480 45,440

4,483,293 2,737,146 6,302,339 1,282,857 3,702,356 7,456,077 1,570,483 1,216,792 1,386,735 402,989 3,680,334 7,012,230 2,363,102 7,551,683

Security

Shares

Numericable-SFR SA Orange SA Pernod Ricard SA Publicis Groupe SA Renault SA Safran SA Sanofi Schneider Electric SE SES SA Societe Generale SA Suez Environnement Co. Technip SA Total SA Unibail-Rodamco SE Veolia Environnement SA Vinci SA Vivendi SA Wendel SA

12,688 $ 415,403 304,417 5,048,652 53,264 5,751,635 26,352 1,950,679 30,256 2,920,613 43,920 3,026,776 177,632 14,670,831 85,051 5,536,961 124,928 3,409,029 114,192 4,479,549 54,205 999,547 41,480 2,428,190 323,403 16,272,087 18,829 5,046,393 60,754 1,492,937 71,446 5,338,631 178,882 3,433,829 8,296 958,734 182,787,174

GERMANY — 2.97% adidas AG Allianz SE Registered BASF SE Bayer AG Registered Bayerische Motoren Werke AG Beiersdorf AG Commerzbank AG Continental AG Daimler AG Registered Deutsche Bank AG Registered Deutsche Boerse AG Deutsche Post AG Registered Deutsche Telekom AG Registered E.ON SE Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA GEA Group AG HeidelbergCement AG Henkel AG & Co. KGaA Infineon Technologies AG Lanxess AG Linde AG MAN SE

32,696 68,530 142,984 129,854 65,880 20,008 215,696 13,664 146,888 206,912 46,360 169,371 492,880 312,808 57,584 55,632 25,864 27,947 21,472 203,527 28,792 38,639 26,372

Value

4,216,684 11,636,260 11,815,763 14,984,367 6,074,177 1,795,710 2,015,906 3,001,680 10,210,369 3,903,168 3,806,624 4,973,877 8,628,686 3,227,695 4,996,000 4,047,372 1,199,448 2,483,585 2,182,132 2,896,386 1,505,890 5,903,638 2,861,938

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Merck KGaA METRO AG Muenchener RueckversicherungsGesellschaft AG in Muenchen Registered Osram Licht AG ProSiebenSat.1 Media SE Registered SAP SE Siemens AG Registered ThyssenKrupp AG Vonovia SE Zalando SEa,b,c HONG KONG — 1.12% AIA Group Ltd.a Bank of East Asia Ltd. (The)a Cheung Kong Property Holdings Ltd.a CK Hutchison Holdings Ltd. CLP Holdings Ltd. Galaxy Entertainment Group Ltd.a Hang Lung Properties Ltd.a Hang Seng Bank Ltd.a Henderson Land Development Co. Ltd. Hong Kong & China Gas Co. Ltd.a Hong Kong Exchanges and Clearing Ltd.a Li & Fung Ltd.a Link REITa New World Development Co. Ltd.a Sands China Ltd. Swire Pacific Ltd. Class Aa Wharf Holdings Ltd. (The)a HUNGARY — 0.04% OTP Bank PLC

Shares

Value

49,776 $ 53,216

4,678,886 1,691,388

32,807 46,360 40,504 147,018 127,856 96,715 66,856 16,592

6,085,349 2,419,960 2,065,338 11,504,199 13,343,594 2,249,789 2,250,112 549,965 165,205,935

1,854,400 390,400 869,516 601,016 244,000 976,000 976,000 170,300 641,457 1,283,444 169,800 1,958,000 488,000 1,646,666 390,400 488,000 488,200

11,163,884 1,421,750 5,968,871 7,205,498 2,256,871 3,296,447 1,947,672 3,095,485 4,010,553 2,395,745 4,296,878 1,214,095 2,966,173 1,643,015 1,399,103 5,306,399 2,649,567 62,238,006

92,001

2,439,651 2,439,651

Security INDIA — 0.71% Dr. Reddy’s Laboratories Ltd. ADRa ICICI Bank Ltd. ADR Infosys Ltd. ADRa Larsen & Toubro Ltd. GDRa,d Reliance Industries Ltd. GDRc Tata Motors Ltd. ADRb Wipro Ltd. ADRa

Shares

Value

100,698 $ 4,591,829 558,760 3,939,258 637,969 11,993,817 200,568 3,820,820 258,288 7,645,325 115,718 3,515,513 316,224 3,842,122 39,348,684

INDONESIA — 0.29% Astra International Tbk PT Bank Central Asia Tbk PT Bank Danamon Indonesia Tbk PT Bank Mandiri Persero Tbk PT Bank Negara Indonesia Persero Tbk PT Bank Rakyat Indonesia Persero Tbk PT Charoen Pokphand Indonesia Tbk PT Indocement Tunggal Prakarsa Tbk PT Indofood Sukses Makmur Tbk PT Kalbe Farma Tbk PT Perusahaan Gas Negara Persero Tbk PT Semen Indonesia Persero Tbk PT Telekomunikasi Indonesia Persero Tbk PT Unilever Indonesia Tbk PT United Tractors Tbk PT

4,392,000 4,148,000 1,035,610 1,220,457 2,050,788 1,952,000 2,218,445 369,900 1,341,900 5,514,400 1,708,000 732,000 5,856,000 244,000 508,606

IRELAND — 0.10% Bank of Irelandb CRH PLC Kerry Group PLC Class A

2,239,627 4,104,595 258,353 893,040 712,986 1,531,938 624,926 553,251 724,980 574,939 339,321 549,500 1,576,342 787,709 578,487 16,049,994

4,290,496 95,648 16,592

1,302,241 2,779,293 1,479,813 5,561,347

ISRAEL — 0.24% Israel Chemicals Ltd. Mizrahi Tefahot Bank Ltd.

165,572 71,248

822,426 826,534

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Shares

NICE-Systems Ltd. Teva Pharmaceutical Industries Ltd.

42,456 $ 2,734,474 156,648 8,817,614 13,201,048

ITALY — 0.78% Assicurazioni Generali SpAa Atlantia SpA CNH Industrial NV Enel SpA Eni SpA Ferrari NVb Fiat Chrysler Automobiles NVa Finmeccanica SpAb Intesa Sanpaolo SpA Luxottica Group SpA Mediobanca SpA Snam SpA Telecom Italia SpA/Milanoa,b Tenaris SA UniCredit SpA Unione di Banche Italiane SpA JAPAN — 7.72% Acom Co. Ltd.a,b Aeon Co. Ltd. Aisin Seiki Co. Ltd. Asahi Group Holdings Ltd. ASICS Corp. Astellas Pharma Inc. Bandai Namco Holdings Inc. Bridgestone Corp. Canon Inc. Casio Computer Co. Ltd. Central Japan Railway Co. Chugoku Electric Power Co. Inc. (The) Concordia Financial Group Ltd.b Dai-ichi Life Insurance Co. Ltd. (The) Daiichi Sankyo Co. Ltd. Daikin Industries Ltd. Daiwa Securities Group Inc. Denso Corp. East Japan Railway Co.

236

Value

112,444 136,640 271,328 820,827 351,848 21,472 171,249 218,940 2,062,776 37,088 292,312 725,656 1,971,032 35,624 712,183 404,552

1,715,452 3,806,093 2,082,128 3,721,049 5,722,442 966,995 1,374,941 2,765,914 5,717,490 2,020,713 2,402,186 4,429,921 1,918,892 480,647 2,752,166 1,715,334 43,592,363

292,800 292,800 97,600 146,400 146,400 488,000 97,600 148,800 195,200 97,600 48,800 146,400 976,000 195,200 195,200 97,600 488,000 146,400 97,600

1,592,688 4,497,563 3,949,792 4,801,323 3,025,285 6,827,758 2,134,530 5,724,200 5,677,484 1,929,286 8,864,227 1,951,179 4,674,073 2,497,582 4,745,224 8,103,915 2,947,293 5,816,593 8,961,376

Security Eisai Co. Ltd. FANUC Corp. Fast Retailing Co. Ltd. Fuji Heavy Industries Ltd. FUJIFILM Holdings Corp. Fujitsu Ltd. Hitachi Ltd. Honda Motor Co. Ltd. Hoya Corp. ITOCHU Corp. Japan Tobacco Inc. JFE Holdings Inc. JTEKT Corp. JX Holdings Inc. Kakaku.com Inc. Kao Corp. KDDI Corp. Keikyu Corp. Keyence Corp. Kintetsu Group Holdings Co. Ltd. Kobe Steel Ltd. Komatsu Ltd. Kyocera Corp. Kyushu Electric Power Co. Inc. Marubeni Corp. Mazda Motor Corp. Mitsubishi Chemical Holdings Corp. Mitsubishi Corp. Mitsubishi Electric Corp. Mitsubishi Heavy Industries Ltd. Mitsubishi UFJ Financial Group Inc. Mitsui & Co. Ltd. Mitsui Fudosan Co. Ltd. Mizuho Financial Group Inc. MS&AD Insurance Group Holdings Inc. Murata Manufacturing Co. Ltd. NEC Corp. Nidec Corp. Nippon Steel & Sumitomo Metal Corp. Nippon Telegraph & Telephone Corp.

Shares

Value

97,600 $6,234,833 48,800 7,527,866 9,000 2,454,928 94,400 3,278,568 146,400 6,251,709 488,000 1,782,423 976,000 4,703,263 292,800 8,189,205 97,600 3,886,851 244,000 3,226,880 195,200 8,264,461 97,600 1,440,808 73,100 977,673 559,180 2,459,462 97,600 1,817,999 146,400 8,368,451 292,800 8,672,211 488,000 4,529,034 10,000 6,276,929 976,000 4,104,865 976,000 985,168 195,200 3,478,189 97,600 4,992,428 195,200 2,028,715 488,000 2,673,179 97,600 1,591,319 683,200 3,714,994 244,000 4,248,535 488,000 5,464,031 976,000 3,625,964 2,049,600 9,963,054 341,600 4,282,970 165,000 4,202,299 3,757,600 5,893,035 97,600 2,707,842 48,800 6,747,941 592,000 1,493,902 49,100 3,756,096 146,734 3,207,728 195,200 8,873,805

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Shares

Nissan Motor Co. Ltd. Nitto Denko Corp. Nomura Holdings Inc. NTT DOCOMO Inc. Olympus Corp. ORIX Corp. Panasonic Corp. Rakuten Inc. Resona Holdings Inc. SBI Holdings Inc./Japan Secom Co. Ltd. Seven & I Holdings Co. Ltd. Seven Bank Ltd. Shin-Etsu Chemical Co. Ltd. SoftBank Group Corp. Sony Corp. Sumitomo Chemical Co. Ltd. Sumitomo Corp. Sumitomo Electric Industries Ltd. Sumitomo Mitsui Financial Group Inc. Sumitomo Mitsui Trust Holdings Inc. Suzuki Motor Corp. T&D Holdings Inc. Takeda Pharmaceutical Co. Ltd. TDK Corp. Terumo Corp. Tohoku Electric Power Co. Inc. Tokio Marine Holdings Inc. Tokyo Electric Power Co. Holdings Inc.b Tokyo Electron Ltd. Tokyo Gas Co. Ltd. Toray Industries Inc. Toshiba Corp.a,b Toyota Motor Corp. USS Co. Ltd.

488,000 $ 4,560,961 48,800 2,752,996 2,744,628 613,200 267,820 6,500,570 1,981,737 48,800 5,407,697 364,700 390,400 3,628,336 2,783,326 244,000 488,000 1,793,370 3,710,211 341,630 48,800 3,851,731 8,288,178 195,200 2,577,855 585,600 97,600 5,658,328 8,193,310 146,400 195,200 5,068,140 2,307,846 488,000 3,988,027 364,700 4,584,527 364,700 6,226,624 195,200 976,080 3,143,672 2,804,991 97,600 195,200 1,973,072 7,199,933 146,400 3,001,112 48,800 146,400 5,781,018 2,568,733 195,200 195,200 6,730,154 1,883,677 341,600 48,800 3,380,128 2,212,522 488,000 4,226,642 488,000 976,000 2,143,652 25,787,672 488,000 195,200 3,199,970 429,746,330

MALAYSIA — 0.34% AirAsia Bhd Alliance Financial Group Bhd Axiata Group Bhda Berjaya Sports Toto Bhd Bumi Armada Bhdb

1,268,800 927,200 110,000 100,746 2,537,600

Value

617,105 949,392 159,094 78,400 513,171

Security CIMB Group Holdings Bhd DiGi.Com Bhda Gamuda Bhd Genting Bhd Genting Plantations Bhda Hong Leong Bank Bhd Hong Leong Financial Group Bhd IHH Healthcare Bhda IJM Corp. Bhd IOI Corp. Bhd IOI Properties Group Bhd Kuala Lumpur Kepong Bhd Lafarge Malaysia Bhd Malayan Banking Bhda Malaysia Airports Holdings Bhd Maxis Bhda Petronas Chemicals Group Bhd Petronas Gas Bhd PPB Group Bhd Public Bank Bhd RHB Capital Bhd Sapurakencana Petroleum Bhda Telekom Malaysia Bhda Tenaga Nasional Bhd YTL Corp. Bhd YTL Power International Bhda MEXICO — 0.44% Alfa SAB de CV America Movil SAB de CV Cemex SAB de CV CPOb Fomento Economico Mexicano SAB de CV Gentera SAB de CV Grupo Financiero Banorte SAB de CV Grupo Mexico SAB de CV Series B Grupo Televisa SAB Mexichem SAB de CV Wal-Mart de Mexico SAB de CV NETHERLANDS — 1.01% Aegon NV

Shares

Value

740,900 $ 885,704 780,800 879,437 207,900 252,790 98,000 221,764 195,200 534,658 121,900 420,011 244,000 933,152 1,366,400 2,291,033 390,420 344,797 97,600 110,429 439,215 272,085 49,000 300,033 292,800 656,580 176,700 403,924 292,800 502,178 490,000 702,419 98,000 168,330 146,400 823,723 195,200 808,482 375,970 1,799,728 146,400 229,353 1,756,800 742,025 634,400 1,079,933 195,200 717,541 510,133 203,714 972,990 373,604 18,974,589 844,400 4,977,600 3,248,837 585,600 829,600 439,200 634,428 390,400 244,047 1,171,200

1,594,226 3,533,583 2,422,035 5,472,677 1,657,335 2,504,293 1,620,770 2,285,068 618,764 2,909,325 24,618,076

208,010

1,194,080

237

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Shares

Akzo Nobel NV Altice NV Class Aa,b Altice NV Class Bb ASML Holding NV Gemalto NV Heineken NV ING Groep NV CVA Koninklijke Ahold NV Koninklijke DSM NV Koninklijke KPN NV Koninklijke Philips NV RELX NV TNT Express NVb Unilever NV CVA Wolters Kluwer NV

63,670 $ 4,513,291 69,784 1,059,034 186,473 12,200 53,240 5,146,577 952,418 14,640 4,391,852 46,848 555,869 6,809,124 4,043,987 185,831 24,565 1,506,938 2,651,418 673,928 191,902 5,275,076 6,537,694 389,494 1,143,106 125,904 206,512 9,074,412 1,876,182 49,288 56,361,662

NEW ZEALAND — 0.03% Auckland International Airport Ltd. Contact Energy Ltd.

278,449 64,416

Value

1,197,438 228,818 1,426,256

NORWAY — 0.21% DNB ASA Orkla ASA Statoil ASA Telenor ASA Yara International ASA

152,256 459,932 104,493 197,640 15,109

1,949,442 4,015,377 1,846,586 3,401,852 604,934 11,818,191

PERU — 0.06% Credicorp Ltd. Southern Copper Corp.a

16,283 36,149

2,367,874 1,072,541 3,440,415

376,450 1,239,500 927,200 1,317,600 685,449 736,882

533,112 1,186,959 286,738 973,710 1,323,021 1,571,596

127,720 386,390 185,557

177,058 1,892,085 321,546

PHILIPPINES — 0.18% Aboitiz Equity Ventures Inc. Aboitiz Power Corp. Alliance Global Group Inc. Ayala Land Inc. Bank of the Philippine Islands BDO Unibank Inc. International Container Terminal Services Inc. Jollibee Foods Corp. Metropolitan Bank & Trust Co.

238

Security Philippine Long Distance Telephone Co. SM Prime Holdings Inc. POLAND — 0.14% Alior Bank SAb Bank Handlowy w Warszawie SA Bank Millennium SAb Bank Pekao SA CCC SA Cyfrowy Polsat SAb Eurocash SA KGHM Polska Miedz SA mBank SAb Polski Koncern Naftowy ORLEN SA Powszechna Kasa Oszczednosci Bank Polski SAb Synthos SA

Shares

Value

9,810 $ 359,238 2,404,325 1,161,460 9,786,523 42,456 17,255 649,528 18,056 10,736 129,320 27,328 27,947 7,808 17,568

767,138 334,322 850,212 733,859 477,805 822,004 389,909 544,044 660,649 316,194

168,268 787,819

1,077,500 839,422 7,813,058

16,537,344 1 855,650 131,760

733,018 — 3,041,976 2,156,522 5,931,516

QATAR — 0.10% Ezdan Holding Group QSC Masraf Al Rayan QSC Ooredoo QSC Qatar Insurance Co. SAQ Qatar National Bank SAQ Vodafone Qatar QSC

103,944 163,968 31,720 35,500 39,838 79,544

525,446 1,540,621 799,122 779,266 1,576,052 262,240 5,482,747

RUSSIA — 0.35% Lukoil PJSC ADR Magnit PJSC GDRd MMC Norilsk Nickel PJSC ADR Mobile TeleSystems PJSC ADR Novatek OAO GDRd

96,015 95,160 51,352 301,493 41,274

4,080,637 3,292,536 758,469 2,791,825 3,962,304

PORTUGAL — 0.11% Banco Comercial Portugues SA Registereda,b Banco Espirito Santo SA Registeredb EDP - Energias de Portugal SA Jeronimo Martins SGPS SA

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Shares

Value

Surgutneftegas OAO ADR Tatneft PAO ADR

218,371 $ 1,146,448 115,608 3,624,311 19,656,530

SINGAPORE — 0.43% Ascendas REITa CapitaLand Ltd.a CapitaLand Mall Trusta Genting Singapore PLC Global Logistic Properties Ltd.a Hutchison Port Holdings Trusta Keppel Corp. Ltd.a Noble Group Ltd.a,b Oversea-Chinese Banking Corp. Ltd. Singapore Press Holdings Ltd.a Singapore Telecommunications Ltd.a

1,572,199 1,952,000 1,464,000 1,464,000 732,000 1,464,000 443,600 2,391,200 439,200 236,000 1,904,200

2,877,579 4,516,737 2,254,738 887,735 1,042,952 651,480 1,782,255 818,386 2,865,804 712,890 5,468,704 23,879,260

SOUTH AFRICA — 0.72% Barclays Africa Group Ltd. Barloworld Ltd. Brait SEa,b Capitec Bank Holdings Ltd.a FirstRand Ltd. Fortress Income Fund Ltd. Gold Fields Ltd. Growthpoint Properties Ltd. MMI Holdings Ltd./South Africa Mr. Price Group Ltd. MTN Group Ltd. Naspers Ltd. Class N PSG Group Ltd. Redefine Properties Ltd. Sanlam Ltd. Sappi Ltd.b Sasol Ltd. Standard Bank Group Ltd. Woolworths Holdings Ltd./South Africa

6,563 89,792 132,248 22,936 1,277,584 252,296 55,144 595,848 246,939 102,480 262,553 75,640 68,320 1,237,080 910,286 354,288 97,687 409,460 223,504

66,784 521,247 1,484,401 955,983 4,121,747 668,958 251,518 1,056,755 412,182 1,306,804 2,759,808 10,418,459 957,537 1,072,137 4,429,225 1,541,496 3,199,114 3,687,833 1,443,873 40,355,861

8,296 12,200 4,392

2,967,018 1,798,841 716,967

SOUTH KOREA — 1.58% AmorePacific Corp. AmorePacific Group BGF retail Co. Ltd.

Security BNK Financial Group Inc. Celltrion Inc.a,b CJ CheilJedang Corp. CJ Corp. CJ E&M Corp. Coway Co. Ltd. Daelim Industrial Co. Ltd. DGB Financial Group Inc. Doosan Heavy Industries & Construction Co. Ltd.a GS Engineering & Construction Corp.a,b GS Retail Co. Ltd. Hana Financial Group Inc. Hankook Tire Co. Ltd. Hanmi Pharm Co. Ltd. Hanmi Science Co. Ltd. Hanssem Co. Ltd.a Hanwha Chemical Corp. Hanwha Corp. Hyundai Department Store Co. Ltd. Hyundai Development Co.Engineering & Construction Hyundai Engineering & Construction Co. Ltd. Hyundai Glovis Co. Ltd. Hyundai Heavy Industries Co. Ltd.a,b Hyundai Marine & Fire Insurance Co. Ltd. Hyundai Mobis Co. Ltd. Hyundai Motor Co. Hyundai Steel Co. Hyundai Wia Corp. Kakao Corp. KB Financial Group Inc. KCC Corp. Kia Motors Corp. Korea Aerospace Industries Ltd.a Korea Electric Power Corp. Korea Zinc Co. Ltd. KT Corp. KT&G Corp. LG Chem Ltd.

Shares

Value

29,768 $ 242,711 19,121 1,688,233 3,416 1,139,266 1,952 366,621 4,880 288,243 8,118 702,506 3,741 297,796 24,228 194,989 33,672 41,480 7,808 37,869 11,224 1,497 4,491 2,928 6,832 54,168 1,992

771,318 1,128,559 366,621 852,501 523,077 784,368 536,051 490,827 150,803 1,797,043 257,873

8,296 11,190 3,904 14,640 8,682 8,784 23,400 7,320 2,440 2,928 56,025 2,928 33,672 35,624 38,552 1,952 49,140 16,592 6,832

367,692 394,803 651,009 1,490,469 242,310 2,008,278 2,947,077 404,097 206,867 258,262 1,711,137 1,092,154 1,415,560 2,119,806 2,091,025 848,882 1,317,559 1,791,132 1,780,853

239

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April 30, 2016 Security

LG Corp. LG Display Co. Ltd. LG Electronics Inc. LG Household & Health Care Ltd. Lotte Chemical Corp. Lotte Confectionery Co. Ltd.a Lotte Shopping Co. Ltd. Mirae Asset Securities Co. Ltd.a NAVER Corp. NCsoft Corp. OCI Co. Ltd.a,b Orion Corp./Republic of Korea Ottogi Corp. POSCO S-1 Corp. Samsung C&T Corp. Samsung Electronics Co. Ltd. Samsung Fire & Marine Insurance Co. Ltd. Samsung Heavy Industries Co. Ltd.b Samsung SDI Co. Ltd. Samsung SDS Co. Ltd. Samsung Securities Co. Ltd. Shinhan Financial Group Co. Ltd. Shinsegae Co. Ltd. SK Holdings Co. Ltd. SK Hynix Inc. SK Innovation Co. Ltd. SK Telecom Co. Ltd. Woori Bank SPAIN — 1.06% ACS Actividades de Construccion y Servicios SA Amadeus IT Holding SA Class A Banco Bilbao Vizcaya Argentaria SA Banco de Sabadell SA Banco de Sabadell SA Newb Banco Popular Espanol SAa Banco Santander SA Bankia SA

240

Shares

Value

12,166 $ 727,141 33,790 708,777 897,365 17,568 976 862,587 2,004,423 7,808 995,341 454 1,952 465,986 263,937 12,200 3,904 2,319,649 490,398 2,440 14,640 1,458,346 408,110 500 349,918 488 9,762 2,060,524 159,497 1,952 9,254 1,063,958 16,592 18,129,752 1,387,464 5,368 202,515 21,565 792,917 7,925 1,464 219,073 286,872 8,296 55,935 2,052,030 90,585 488 1,439,073 7,320 87,352 2,158,117 3,186,519 23,424 6,344 1,146,976 427,225 46,360 87,956,279 86,378 71,248 907,966 1,324,937 38,506 647,428 1,791,940 1,197,552

2,856,690 3,242,937 6,221,951 2,532,734 73,608 1,761,137 9,073,649 1,115,123

Security Distribuidora Internacional de Alimentacion SAa Ferrovial SA Grifols SA Iberdrola SA Industria de Diseno Textil SA International Consolidated Airlines Group SA Red Electrica Corp. SA Repsol SA Telefonica SA SWEDEN — 0.94% Atlas Copco AB Class A Boliden AB Hennes & Mauritz AB Class B Hexagon AB Class B Investor AB Class B Lundin Petroleum ABa,b Millicom International Cellular SA SDR Nordea Bank AB Sandvik AB Skandinaviska Enskilda Banken AB Class A SKF AB Class B Svenska Handelsbanken AB Class A Swedbank AB Class A Telefonaktiebolaget LM Ericsson Class B Telia Co. AB Volvo AB Class B SWITZERLAND — 3.07% ABB Ltd. Registered Actelion Ltd. Registered Adecco SA Registered Aryzta AG Barry Callebaut AG Registered Cie. Financiere Richemont SA Class A Registered Credit Suisse Group AG Registered

Shares

Value

146,888 $ 815,282 90,984 1,958,077 97,974 2,131,514 916,175 6,510,109 220,088 7,066,997 300,608 2,311,983 12,804 1,143,434 260,976 3,421,010 604,960 6,597,704 58,833,939 273,280 108,336 179,825 29,719 71,962 63,440 6,637 538,265 300,608 238,531 62,355 465,064 142,008 567,175 370,372 357,993

7,078,584 1,890,575 6,399,546 1,186,174 2,643,482 1,189,334 383,869 5,230,043 3,087,598 2,280,516 1,149,562 6,197,027 3,065,870 4,595,401 1,770,502 4,194,646 52,342,729

355,384 28,304 23,912 14,640 1,464

7,519,236 4,577,068 1,540,497 568,952 1,721,365

91,902 246,646

6,117,212 3,749,225

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April 30, 2016 Security

Shares

Value

Kingsoft Corp. Ltd.b 435,000 $ 1,004,899 Kunlun Energy Co. Ltd. 2,610,000 2,274,480 Lenovo Group Ltd. 4,151,936 5,220,000 Longfor Properties Co. Ltd. 1,087,500 1,530,900 Luye Pharma Group Ltd.a 757,039 1,087,500 Netease Inc. 4,345,520 30,885 New China Life Insurance Co. Ltd. Class H 565,500 1,855,305 New Oriental Education & Technology Group Inc. ADR 52,200 2,044,152 Nine Dragons Paper (Holdings) Ltd. 944,013 1,310,000 People’s Insurance Co. Group of China Ltd. (The) Class H 5,220,000 2,112,979 PetroChina Co. Ltd. Class H 16,530,000 12,167,573 PICC Property & Casualty Co. Ltd. Class H 2,611,876 4,781,189 Ping An Insurance Group Co. of China Ltd. Class H 3,915,000 18,496,977 Qihoo 360 Technology Co. Ltd. ADRa 36,540 2,774,848 Qunar Cayman Islands Ltd. ADRa,b 852,113 20,880 Semiconductor Manufacturing International Corp.a 20,880,000 1,722,683 Shandong Weigao Group Medical Polymer Co. Ltd. Class H 1,740,000 1,047,517 Shanghai Electric Group Co. Ltd. Class H 2,634,000 1,106,951 Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H 217,500 591,612 Shanghai Industrial Holdings Ltd. 992,562 435,000 Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B 401,609 1,339,768 Shanghai Pharmaceuticals Holding Co. Ltd. Class H 565,500 1,202,850 Shenzhou International Group Holdings Ltd. 435,000 2,254,293 Shimao Property Holdings Ltd. 1,088,000 1,509,163 Shui On Land Ltd. 741,697 2,834,233 Sino Biopharmaceutical Ltd. 3,480,000 2,476,357

282

Security Sino-Ocean Land Holdings Ltd. Sinopec Engineering Group Co. Ltd. Class H Sinopec Shanghai Petrochemical Co. Ltd. Class Ha Sinopharm Group Co. Ltd. Class H Sinotrans Ltd. Class H SOHO China Ltd. SouFun Holdings Ltd. ADR Sun Art Retail Group Ltd.b Sunac China Holdings Ltd. TAL Education Group Class A ADRa,b Tencent Holdings Ltd. Tingyi Cayman Islands Holding Corp. TravelSky Technology Ltd. Class H Tsingtao Brewery Co. Ltd. Class H Vipshop Holdings Ltd. ADRa Want Want China Holdings Ltd.b Weichai Power Co. Ltd. Class H Yanzhou Coal Mining Co. Ltd. Class Hb Yuexiu Property Co. Ltd. YY Inc. ADRa Zhejiang Expressway Co. Ltd. Class H Zhuzhou CRRC Times Electric Co. Ltd. Class H Zijin Mining Group Co. Ltd. Class H ZTE Corp. Class H HONG KONG — 12.55% AIA Group Ltd. ASM Pacific Technology Ltd.b Bank of East Asia Ltd. (The)b BOC Hong Kong Holdings Ltd. Cathay Pacific Airways Ltd.b Cheung Kong Infrastructure Holdings Ltd.

Shares 2,610,000 $

Value 1,177,616

871,000

810,682

2,610,000 870,000 1,305,000 1,525,500 97,875 1,740,000 1,305,000 16,530 3,958,500 1,740,000 435,000 280,000 156,600 4,350,000 870,800 870,000 5,820,540 11,310 876,000

1,285,283 3,734,724 605,631 768,925 556,909 1,305,471 837,789 956,426 81,086,687 2,034,471 810,872 1,061,208 2,136,024 3,353,401 1,050,726 495,720 847,885 710,494 896,643

435,000 4,350,000 640,000

2,487,012 1,441,177 999,948 662,246,170

9,222,000 174,000 870,000 2,827,500 870,000 435,000

55,518,409 1,256,123 3,168,347 8,474,627 1,390,708 4,113,243

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April 30, 2016 Security

Cheung Kong Property Holdings Ltd. CK Hutchison Holdings Ltd. CLP Holdings Ltd. First Pacific Co. Ltd./Hong Kong Galaxy Entertainment Group Ltd. Hang Lung Properties Ltd.b Hang Seng Bank Ltd. Henderson Land Development Co. Ltd. HK Electric Investments & HK Electric Investments Ltd.b,c HKT Trust & HKT Ltd. Hong Kong & China Gas Co. Ltd. Hong Kong Exchanges and Clearing Ltd.b Hongkong Land Holdings Ltd. Hysan Development Co. Ltd.b Kerry Properties Ltd. Li & Fung Ltd.b Link REIT Melco Crown Entertainment Ltd. ADRb MGM China Holdings Ltd.b MTR Corp. Ltd. New World Development Co. Ltd. NWS Holdings Ltd. PCCW Ltd. Power Assets Holdings Ltd. Sands China Ltd. Shangri-La Asia Ltd. Sino Land Co. Ltd. SJM Holdings Ltd.b Sun Hung Kai Properties Ltd. Swire Pacific Ltd. Class A Swire Properties Ltd. Techtronic Industries Co. Ltd.b WH Group Ltd.a,c Wharf Holdings Ltd. (The) Wheelock & Co. Ltd.b

Shares

Value

2,175,132 $14,931,390 2,066,132 24,770,571 1,522,500 14,082,320 1,741,000 1,104,228 5,876,863 1,740,000 3,472,284 1,740,000 609,000 11,069,587 5,442,214 870,440 1,957,500 2,175,640 5,220,860 913,500 435,000 435,000 435,000 4,350,000 1,740,000 74,820 704,800 1,087,500 4,350,666 1,305,500 3,045,000 1,087,500 1,740,000 870,333 2,611,200 1,307,000 1,305,000 435,000 870,000 1,098,500 4,567,500 1,087,000 870,000

1,761,377 3,152,451 9,745,534 23,116,595 2,762,250 1,926,243 1,186,027 2,697,301 10,576,110 1,107,336 990,347 5,383,386 4,341,019 1,989,250 2,064,753 10,367,223 6,235,755 1,064,748 4,113,451 879,511 16,495,030 4,730,089 2,265,508 4,127,942 3,697,713 5,899,384 4,037,539

Security Wynn Macau Ltd.b Yue Yuen Industrial Holdings Ltd. INDIA — 9.65% ACC Ltd. Adani Ports & Special Economic Zone Ltd. Ambuja Cements Ltd. Apollo Hospitals Enterprise Ltd. Ashok Leyland Ltd. Asian Paints Ltd. Aurobindo Pharma Ltd. Axis Bank Ltd. Bajaj Auto Ltd. Bharat Forge Ltd. Bharat Heavy Electricals Ltd. Bharat Petroleum Corp. Ltd. Bharti Airtel Ltd. Bharti Infratel Ltd. Bosch Ltd. Cadila Healthcare Ltd. Cairn India Ltd. Cipla Ltd. Coal India Ltd. Container Corp. of India Ltd. Dabur India Ltd. Divi’s Laboratories Ltd. Dr. Reddy’s Laboratories Ltd. Eicher Motors Ltd. GAIL (India) Ltd. GlaxoSmithKline Consumer Healthcare Ltd. Glenmark Pharmaceuticals Ltd. Godrej Consumer Products Ltd. HCL Technologies Ltd. Hero Motocorp Ltd. Hindalco Industries Ltd. Hindustan Unilever Ltd. Housing Development Finance Corp. Ltd. ICICI Bank Ltd. Idea Cellular Ltd. Indiabulls Housing Finance Ltd. Infosys Ltd.

Shares 1,218,000 $ 652,500

Value 1,742,871 2,380,466 295,508,123

32,190 641,190 526,350 59,595 895,665 219,675 204,450 457,620 64,815 83,085 457,620 64,815 922,200 412,380 5,655 160,950 348,000 267,960 526,785 26,100 394,110 62,640 90,480 9,135 295,800

700,362 2,302,600 1,753,706 1,178,917 1,442,138 2,868,890 2,342,406 3,259,154 2,435,033 999,701 865,152 955,662 5,055,208 2,331,100 1,676,465 794,923 761,529 2,169,373 2,287,659 532,329 1,638,709 992,626 4,213,261 2,759,230 1,606,988

6,960 107,880 92,655 434,130 38,280 877,830 579,420 1,149,705 855,645 836,505 227,940 1,406,355

618,835 1,349,029 1,846,185 4,910,715 1,672,131 1,275,123 7,581,466 18,866,221 3,056,612 1,495,065 2,382,322 25,614,616

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April 30, 2016 Security

ITC Ltd. JSW Steel Ltd. Larsen & Toubro Ltd. LIC Housing Finance Ltd. Lupin Ltd. Mahindra & Mahindra Financial Services Ltd. Mahindra & Mahindra Ltd. Marico Ltd. Maruti Suzuki India Ltd. Motherson Sumi Systems Ltd. Nestle India Ltd. NTPC Ltd. Oil & Natural Gas Corp. Ltd. Piramal Enterprises Ltd. Power Finance Corp. Ltd. Reliance Communications Ltd.a Reliance Industries Ltd. Rural Electrification Corp. Ltd. Shree Cement Ltd. Shriram Transport Finance Co. Ltd. Siemens Ltd. State Bank of India Sun Pharmaceuticals Industries Ltd. Tata Consultancy Services Ltd. Tata Motors Ltd.a Tata Motors Ltd. Class Aa Tata Power Co. Ltd. Tata Steel Ltd. Tech Mahindra Ltd. Ultratech Cement Ltd. United Breweries Ltd. United Spirits Ltd.a UPL Ltd. Vedanta Ltd. Wipro Ltd. Zee Entertainment Enterprises Ltd.

284

Shares

Value

1,725,645 $ 65,250 242,295 217,500 170,085 224,025 287,100 347,130 80,910 251,865 16,965 868,260 642,495 54,375 213,585 692,085 993,105 232,290 6,090 115,275 55,680 1,208,865 741,675 363,225 627,270 297,540 836,940 239,685 179,220 26,535 52,200 43,935 216,630 726,450 472,845 446,746

8,453,917 1,350,841 4,582,893 1,515,909 4,121,350

1,013,229 5,760,828 1,355,968 4,628,752 958,211 1,464,379 1,823,438 2,104,358 975,725 577,514 586,389 14,713,166 624,763 1,165,473 1,638,580 955,114 3,444,527 9,071,626 13,884,471 3,861,687 1,335,857 889,556 1,268,708 1,313,550 1,264,723 599,792 1,573,791 1,756,751 1,136,824 3,951,781 2,794,436 227,110,318

Security INDONESIA — 3.15% Adaro Energy Tbk PT AKR Corporindo Tbk PT Astra Agro Lestari Tbk PT Astra International Tbk PT Bank Central Asia Tbk PT Bank Danamon Indonesia Tbk PT Bank Mandiri Persero Tbk PT Bank Negara Indonesia Persero Tbk PT Bank Rakyat Indonesia Persero Tbk PT Bumi Serpong Damai Tbk PT Charoen Pokphand Indonesia Tbk PT Global Mediacom Tbk PT Gudang Garam Tbk PT Hanjaya Mandala Sampoerna Tbk PT Indocement Tunggal Prakarsa Tbk PT Indofood CBP Sukses Makmur Tbk PT Indofood Sukses Makmur Tbk PT Jasa Marga Persero Tbk PT Kalbe Farma Tbk PT Lippo Karawaci Tbk PT Matahari Department Store Tbk PT Media Nusantara Citra Tbk PT Perusahaan Gas Negara Persero Tbk PT Semen Indonesia Persero Tbk PT Summarecon Agung Tbk PT Surya Citra Media Tbk PT Telekomunikasi Indonesia Persero Tbk PT Tower Bersama Infrastructure Tbk PTa Unilever Indonesia Tbk PT United Tractors Tbk PT XL Axiata Tbk PTa

Shares

Value

11,440,500 $ 633,270 1,348,500 664,638 261,000 318,631 15,486,000 7,896,827 9,483,000 9,383,769 2,740,546 683,682 7,221,051 5,283,829 5,829,015 2,026,542 8,569,500 6,725,381 6,264,200 878,736 5,872,500 1,654,257 5,307,000 466,797 348,000 1,827,343 304,500 2,306,031 1,131,000 1,691,612 837,500 970,034 3,436,500 1,856,617 1,522,500 629,180 16,617,000 1,732,512 15,355,500 1,181,819 1,783,500 2,569,495 4,045,500 720,877 8,482,500 1,685,180 2,305,500 1,730,698 8,134,500 965,309 4,045,500 981,620 38,367,000 10,327,787 1,479,000 664,473 1,131,000 3,651,223 1,261,543 1,434,876 2,349,000 626,970 74,170,015

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MALAYSIA — 4.02% AirAsia Bhd Alliance Financial Group Bhd AMMB Holdings Bhd Astro Malaysia Holdings Bhd Axiata Group Bhd Berjaya Sports Toto Bhd British American Tobacco Malaysia Bhd Bumi Armada Bhda,b CIMB Group Holdings Bhd Dialog Group Bhd DiGi.Com Bhdb Felda Global Ventures Holdings Bhdb Gamuda Bhd Genting Bhd Genting Malaysia Bhd Genting Plantations Bhdb HAP Seng Consolidated Bhd Hartalega Holdings Bhd Hong Leong Bank Bhd Hong Leong Financial Group Bhd IHH Healthcare Bhd IJM Corp. Bhd IOI Corp. Bhd IOI Properties Group Bhd Kuala Lumpur Kepong Bhd Lafarge Malaysia Bhd Malayan Banking Bhdb Malaysia Airports Holdings Bhd Maxis Bhdb MISC Bhd Petronas Chemicals Group Bhd Petronas Dagangan Bhd Petronas Gas Bhd PPB Group Bhd Public Bank Bhd RHB Capital Bhdb Sapurakencana Petroleum Bhdb Sime Darby Bhd Telekom Malaysia Bhdb Tenaga Nasional Bhdb UMW Holdings Bhdb

Shares

Value

1,000,500 $ 486,612 870,000 890,823 1,479,000 1,715,057 1,261,500 894,498 2,212,600 3,200,100 372,374 478,513 130,500 1,532,661 395,859 1,957,500 3,958,500 4,732,163 3,132,062 1,274,793 2,697,000 3,037,706 355,253 957,100 1,261,500 1,533,886 1,783,500 4,035,873 2,349,000 2,687,836 174,200 477,138 852,963 435,000 435,000 477,704 391,500 1,348,929 499,084 130,500 1,914,000 3,209,190 2,305,500 2,036,087 2,349,000 2,657,770 790,477 1,276,033 304,500 1,864,492 304,500 682,816 3,654,000 8,352,802 565,500 969,883 1,435,500 2,057,801 870,000 1,881,864 2,175,000 3,735,889 174,000 1,061,861 522,000 2,937,043 348,000 1,441,352 1,914,030 9,162,258 613,332 391,500 2,697,000 1,139,140 2,392,500 4,715,794 870,000 1,480,993 2,610,000 9,594,164 803,522 478,500

Security Westports Holdings Bhd YTL Corp. Bhd YTL Power International Bhd PHILIPPINES — 1.65% Aboitiz Equity Ventures Inc. Aboitiz Power Corp. Alliance Global Group Inc. Ayala Corp. Ayala Land Inc. Bank of the Philippine Islands BDO Unibank Inc. DMCI Holdings Inc. Energy Development Corp. Globe Telecom Inc. GT Capital Holdings Inc. International Container Terminal Services Inc. JG Summit Holdings Inc. Jollibee Foods Corp. Megaworld Corp. Metro Pacific Investments Corp. Metropolitan Bank & Trust Co. Philippine Long Distance Telephone Co. Robinsons Land Corp. SM Investments Corp. SM Prime Holdings Inc. Universal Robina Corp. SINGAPORE — 5.73% Ascendas REIT CapitaLand Commercial Trust Ltd. CapitaLand Ltd.b CapitaLand Mall Trust City Developments Ltd. ComfortDelGro Corp. Ltd.b DBS Group Holdings Ltd. Genting Singapore PLC Global Logistic Properties Ltd.b Golden Agri-Resources Ltd. Hutchison Port Holdings Trustb Jardine Cycle & Carriage Ltd.b

Shares

Value

826,500 $ 878,017 3,262,500 1,302,829 1,348,520 517,799 94,688,487 1,479,020 1,044,000 1,609,500 169,658 5,698,500 613,359 1,265,859 3,045,000 7,569,000 23,925 60,900

2,094,523 999,746 497,739 2,789,791 4,211,208 1,183,876 2,699,779 810,485 950,817 1,119,519 1,775,533

417,600 1,948,807 334,950 9,135,000 8,700,000 261,001 73,950 1,305,000 117,450 6,351,025 678,600

578,918 3,387,422 1,640,192 734,502 1,076,193 452,281 2,708,017 754,263 2,364,656 3,067,997 3,016,161 38,913,618

1,628,818 1,566,000 1,957,500 1,914,000 304,500 1,653,000 1,392,000 4,785,000 2,436,000 5,437,507 4,437,071 87,066

2,981,208 1,666,143 4,529,463 2,947,792 1,889,461 3,554,310 15,825,126 2,901,510 3,470,808 1,618,246 1,974,497 2,501,759

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Jardine Matheson Holdings Ltd.b Keppel Corp. Ltd.b Noble Group Ltd.a,b Oversea-Chinese Banking Corp. Ltd.b SembCorp Industries Ltd.b Sembcorp Marine Ltdb Singapore Airlines Ltd. Singapore Exchange Ltd.b Singapore Press Holdings Ltd.b Singapore Technologies Engineering Ltd. Singapore Telecommunications Ltd. StarHub Ltd.b Suntec REIT United Overseas Bank Ltd.b UOL Group Ltd. Wilmar International Ltd. Yangzijiang Shipbuilding Holdings Ltd.b SOUTH KOREA — 17.46% AmorePacific Corp. AmorePacific Group BGF retail Co. Ltd. BNK Financial Group Inc. Celltrion Inc.a,b Cheil Worldwide Inc. CJ CheilJedang Corp. CJ Corp. CJ E&M Corp. CJ Korea Express Corp.a Coway Co. Ltd. Daelim Industrial Co. Ltd. Daewoo Engineering & Construction Co. Ltd.a,b Daewoo Securities Co. Ltd. DGB Financial Group Inc. Dongbu Insurance Co. Ltd. Dongsuh Cos. Inc. Doosan Corp. Doosan Heavy Industries & Construction Co. Ltd.

286

Shares

Value

174,000 $ 9,622,200 1,218,000 4,893,568 1,295,264 3,784,564 2,392,575 15,611,683 1,590,086 739,500 756,691 609,000 391,500 3,349,764 3,411,904 609,000 1,322,700 3,995,508 2,918,016 1,218,000 6,133,500 17,614,903 1,071,277 435,000 2,236,178 1,783,700 1,000,500 13,845,690 1,589,762 348,000 1,479,000 4,082,504 1,089,401 1,479,000 134,834,722 24,795 21,750 6,675 203,145 52,897 64,815 6,090 11,310 14,790 5,220 41,325 21,750

8,867,792 3,206,951 1,089,652 1,656,325 4,670,386 955,671 2,031,069 2,124,223 873,589 891,074 3,576,132 1,731,372

84,390 145,290 129,630 32,190 27,459 5,655

470,315 1,054,545 1,043,275 1,980,445 777,210 533,537

37,845

866,908

Security

Shares

E-MART Inc. GS Engineering & Construction Corp.a GS Holdings Corp. GS Retail Co. Ltd. Hana Financial Group Inc. Hankook Tire Co. Ltd. Hanmi Pharm Co. Ltd.b Hanmi Science Co. Ltd. Hanon Systems Hanssem Co. Ltd. Hanwha Chemical Corp. Hanwha Corp. Hanwha Life Insurance Co. Ltd. Hotel Shilla Co. Ltd.b Hyosung Corp. Hyundai Department Store Co. Ltd. Hyundai Development Co.Engineering & Construction Hyundai Engineering & Construction Co. Ltd. Hyundai Glovis Co. Ltd. Hyundai Heavy Industries Co. Ltd.a Hyundai Marine & Fire Insurance Co. Ltd. Hyundai Mobis Co. Ltd. Hyundai Motor Co. Hyundai Steel Co. Hyundai Wia Corp. Industrial Bank of Korea Kakao Corp.b Kangwon Land Inc. KB Financial Group Inc. KCC Corp. KEPCO Plant Service & Engineering Co. Ltd. Kia Motors Corp. Korea Aerospace Industries Ltd. Korea Electric Power Corp. Korea Gas Corp. Korea Investment Holdings Co. Ltd. Korea Zinc Co. Ltd.

16,095 $ 2,592,095 39,585 1,077,001 39,150 1,900,118 21,315 1,000,836 227,940 5,131,351 56,985 2,655,699 4,002 2,096,888 9,357 1,116,861 167,250 1,511,914 7,395 1,239,639 83,085 1,833,937 35,670 1,183,365 170,085 997,163 25,665 1,651,083 17,400 1,870,721 11,310 1,464,126 44,370 60,030 14,355 32,190 51,775 52,200 118,320 61,770 12,615 214,455 22,620 90,915 297,105 4,350 17,400 202,710 43,500 196,185 20,445 30,885 6,960

Value

1,966,548 2,117,962 2,393,760 3,277,199 1,445,011 11,934,439 14,901,632 3,409,982 1,069,518 2,286,842 1,995,182 3,403,129 9,074,297 1,622,564 1,152,975 8,521,861 2,588,468 10,640,893 743,764 1,249,604 3,026,751

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Shares

Value

Korean Air Lines Co. Ltd.a KT Corp. KT&G Corp. Kumho Petrochemical Co. Ltd. LG Chem Ltd. LG Corp. LG Display Co. Ltd. LG Electronics Inc. LG Household & Health Care Ltd. LG Innotek Co. Ltd. LG Uplus Corp. Lotte Chemical Corp. Lotte Chilsung Beverage Co. Ltd. Lotte Confectionery Co. Ltd. Lotte Shopping Co. Ltd. Mirae Asset Securities Co. Ltd. NAVER Corp. NCsoft Corp. NH Investment & Securities Co. Ltd. OCI Co. Ltd.a,b Orion Corp./Republic of Korea Ottogi Corp. Paradise Co. Ltd. POSCO Posco Daewoo Corp. S-1 Corp. S-Oil Corp. Samsung C&T Corp. Samsung Card Co. Ltd. Samsung Electro-Mechanics Co. Ltd. Samsung Electronics Co. Ltd. Samsung Fire & Marine Insurance Co. Ltd. Samsung Heavy Industries Co. Ltd.a Samsung Life Insurance Co. Ltd. Samsung SDI Co. Ltd. Samsung SDS Co. Ltd.b Samsung Securities Co. Ltd.

28,710 $ 735,766 25,218 676,154 9,016,114 83,520 10,875 651,889 9,184,479 35,235 4,445,865 74,385 178,785 3,750,186 4,199,502 82,215 7,395 6,535,690 731,567 11,310 169,215 1,663,339 3,015,107 11,745 752,106 435 435 953,686 1,973,038 8,265 56,115 1,214,003 21,315 12,664,784 2,622,828 13,050 999,061 114,405 1,299,960 13,050 2,610 2,130,332 623,828 870 37,845 576,278 53,070 11,201,804 796,927 36,540 14,790 1,208,486 2,660,242 34,800 58,290 6,701,764 948,036 27,840 46,110 2,108,418 84,390 92,211,295 6,970,919 26,970 115,275 1,082,537 5,894,490 61,335 41,760 4,178,199 3,580,141 23,925 43,935 1,519,255

Security

Shares

Shinhan Financial Group Co. Ltd. Shinsegae Co. Ltd. SK Holdings Co. Ltd. SK Hynix Inc. SK Innovation Co. Ltd. SK Networks Co. Ltd. SK Telecom Co. Ltd. Woori Bank Yuhan Corp.

327,768 $ 12,024,489 5,220 968,957 27,573 5,420,706 445,005 10,994,287 49,590 6,746,051 89,175 531,418 14,355 2,595,340 259,260 2,389,179 5,655 1,449,236 411,143,387

TAIWAN — 13.84% Acer Inc.a Advanced Semiconductor Engineering Inc. Advantech Co. Ltd. Asia Cement Corp. Asia Pacific Telecom Co. Ltd.a Asustek Computer Inc. AU Optronics Corp. Casetek Holdings Ltd. Catcher Technology Co. Ltd. Cathay Financial Holding Co. Ltd. Chailease Holding Co. Ltd. Chang Hwa Commercial Bank Ltd. Cheng Shin Rubber Industry Co. Ltd. Chicony Electronics Co. Ltd. China Airlines Ltd.a China Development Financial Holding Corp. China Life Insurance Co. Ltd./Taiwan China Steel Corp. Chunghwa Telecom Co. Ltd. Compal Electronics Inc. CTBC Financial Holding Co. Ltd. Delta Electronics Inc. E.Sun Financial Holding Co. Ltd. Eclat Textile Co. Ltd.

Value

2,381,830

849,256

4,785,863 238,278 1,796,448 1,305,000 435,100 6,525,580 93,000 435,000 6,525,722 435,811 3,480,333 1,305,303 442,107 2,175,330

4,503,486 1,684,413 1,601,336 418,775 3,824,477 1,901,853 419,542 3,061,576 7,334,432 732,365 1,818,237 2,715,587 1,062,329 711,553

10,440,734 2,175,004 8,700,484 3,045,110 3,045,000 11,745,941 1,455,000 5,220,273 138,400

2,664,163 1,642,060 6,110,004 10,291,042 1,793,787 5,972,574 6,766,812 2,897,184 1,581,261

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Shares

Value

EVA Airways Corp.a 1,305,962 $ 647,859 Evergreen Marine Corp. Taiwan Ltd. 1,324,145 488,554 Far Eastern New Century Corp. 1,632,343 2,180,040 Far EasTone Telecommunications Co. Ltd. 1,305,000 2,945,586 Feng TAY Enterprise Co. Ltd. 887,535 205,940 First Financial Holding Co. Ltd. 3,409,816 6,960,556 Formosa Chemicals & Fibre Corp. 2,610,740 6,669,921 Formosa Petrochemical Corp. 2,473,537 870,000 Formosa Plastics Corp. 3,045,400 7,582,105 Formosa Taffeta Co. Ltd. 399,219 435,000 Foxconn Technology Co. Ltd. 870,264 1,797,029 Fubon Financial Holding Co. Ltd. 6,352,567 5,220,111 Giant Manufacturing Co. Ltd. 1,275,168 212,000 Hermes Microvision Inc. 32,000 987,195 Highwealth Construction Corp. 879,505 584,880 Hiwin Technologies Corp. 167,020 735,337 Hon Hai Precision Industry Co. Ltd. 11,310,133 27,036,594 Hotai Motor Co. Ltd. 1,859,424 188,000 HTC Corp. 1,112,488 435,450 Hua Nan Financial Holdings Co. Ltd. 2,322,067 4,785,535 Innolux Corp. 6,090,981 1,888,501 Inotera Memories Inc.a 1,580,690 1,740,000 Inventec Corp. 1,740,460 1,152,104 Largan Precision Co. Ltd. 5,419,341 77,000 Lite-On Technology Corp. 2,148,381 1,763,148 MediaTek Inc. 1,116,391 7,961,118 Mega Financial Holding Co. Ltd. 5,559,977 7,830,827 Merida Industry Co. Ltd. 177,000 727,142 Nan Ya Plastics Corp. 7,671,472 3,915,000 Novatek Microelectronics Corp. 438,000 1,534,555 OBI Pharma Inc.a 884,801 75,000 Pegatron Corp. 3,684,680 1,740,000 Phison Electronics Corp. 116,000 969,274 Pou Chen Corp. 2,198,227 1,742,000 Powertech Technology Inc. 438,200 888,546 President Chain Store Corp. 3,081,806 435,000 Quanta Computer Inc. 2,175,000 3,506,651 Radiant Opto-Electronics Corp. 628,066 435,167 Realtek Semiconductor Corp. 1,221,035 435,642

288

Security Ruentex Development Co. Ltd. Ruentex Industries Ltd. Shin Kong Financial Holding Co. Ltd. Siliconware Precision Industries Co. Ltd. Simplo Technology Co. Ltd. SinoPac Financial Holdings Co. Ltd. Standard Foods Corp. Synnex Technology International Corp. Taishin Financial Holding Co. Ltd. Taiwan Business Banka Taiwan Cement Corp. Taiwan Cooperative Financial Holding Co. Ltd. Taiwan Fertilizer Co. Ltd. Taiwan Mobile Co. Ltd. Taiwan Semiconductor Manufacturing Co. Ltd. Teco Electric and Machinery Co. Ltd. Transcend Information Inc. Uni-President Enterprises Corp. United Microelectronics Corp. Vanguard International Semiconductor Corp. Wistron Corp. WPG Holdings Ltd. Yuanta Financial Holding Co. Ltd. Yulon Motor Co. Ltd. Zhen Ding Technology Holding Ltd. THAILAND — 2.61% Advanced Info Service PCL NVDR Airports of Thailand PCL NVDRb Bangkok Bank PCL Foreign Bangkok Dusit Medical Services PCL NVDR

Shares

Value

573,747 $ 435,195 6,090,457 1,740,661 175,550 7,398,308 288,951 1,089,000 6,090,008 3,045,173 2,610,000

647,518 608,542 1,233,085 2,585,113 593,277 2,192,907 701,481 1,082,146 2,303,603 785,534 2,662,357

5,220,284 870,000 1,305,000

2,306,423 1,182,820 4,309,134

18,848,670 1,305,000 137,000 3,915,694 9,135,000

87,660,078 1,031,764 385,263 7,065,804 3,398,754

457,000 1,832,010 1,310,240 6,525,556 435,000 435,097

700,668 1,084,903 1,401,522 2,154,751 383,034 915,979 325,934,780

783,000 348,000 174,000

3,496,937 3,905,411 826,911

2,959,000

2,016,152

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April 30, 2016 Security

Bangkok Expressway & Metro PCL Banpu PCL NVDR BEC World PCL NVDR BTS Group Holdings PCL NVDR Bumrungrad Hospital PCL NVDRb Central Pattana PCL NVDR Charoen Pokphand Foods PCL NVDR CP ALL PCL NVDR Delta Electronics Thailand PCL NVDR Energy Absolute PCL NVDR Glow Energy PCL NVDR Home Product Center PCL NVDR Indorama Ventures PCL NVDR IRPC PCL NVDR Kasikornbank PCL Foreign Kasikornbank PCL NVDR Krung Thai Bank PCL NVDR Minor International PCL NVDR PTT Exploration & Production PCL NVDR PTT Global Chemical PCL NVDR PTT PCL NVDR Siam Cement PCL (The) Foreign Siam Cement PCL (The) NVDR Siam Commercial Bank PCL (The) NVDR Thai Oil PCL NVDR Thai Union Group PCL NVDR TMB Bank PCL NVDR True Corp. PCL NVDRb TOTAL COMMON STOCKS (Cost: $2,413,992,757)

Shares 4,350,000 783,000 783,000 4,480,500 261,000 957,000

Value $

740,982 286,928 582,823 1,180,092 1,516,834 1,445,226

2,378,900 3,436,500

1,620,894 4,500,998

391,500 870,000 391,500 3,594,843 1,015,600 8,004,000 913,500 435,075 2,784,075 1,348,520

806,985 530,518 991,920 828,471 828,646 1,168,634 4,367,435 2,067,634 1,394,827 1,438,087

1,087,584 1,487,076 783,000 217,500 87,000

2,342,992 2,660,815 6,814,543 3,038,649 1,215,459

1,174,500 609,000 1,566,400 10,788,000 7,374,290

4,488,856 1,150,701 928,270 704,169 1,572,816 61,460,615 2,326,010,235

Security

Shares

Value

PREFERRED STOCKS — 0.90% SOUTH KOREA — 0.90% AmorePacific Corp. Hyundai Motor Co. Hyundai Motor Co. Series 2 LG Chem Ltd. Samsung Electronics Co. Ltd.

6,960 18,270 29,145 5,655 16,095

TOTAL PREFERRED STOCKS (Cost: $14,082,896)

$

1,389,679 1,561,785 2,555,367 980,220 14,733,268 21,220,319 21,220,319

RIGHTS — 0.00% THAILAND — 0.00% Banpu PCLa True Corp. PCLa

391,500 2,477,561

TOTAL RIGHTS (Cost: $258,263)

87,423 21,279 108,702 108,702

SHORT-TERM INVESTMENTS — 5.94% MONEY MARKET FUNDS — 5.94% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%d,e,f BlackRock Cash Funds: Prime, SL Agency Shares 0.49%d,e,f BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%d,e TOTAL SHORT-TERM INVESTMENTS (Cost: $139,808,749)

130,015,620

130,015,620

7,093,976

7,093,976

2,699,153

2,699,153 139,808,749 139,808,749

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TOTAL INVESTMENTS IN SECURITIES — 105.63% (Cost: $2,568,142,665) Other Assets, Less Liabilities — (5.63)% NET ASSETS — 100.00%

Value

$2,487,148,005 (132,653,601) $2,354,494,404

ADR — American Depositary Receipts NVDR — Non-Voting Depositary Receipts a b c

d e f

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Shares

Value

COMMON STOCKS — 98.44%

AUSTRALIA — 7.12% AGL Energy Ltd. Alumina Ltd. Amcor Ltd./Australia AMP Ltd. APA Group Aristocrat Leisure Ltd. Asciano Ltd. ASX Ltd. Aurizon Holdings Ltd. AusNet Services Australia & New Zealand Banking Group Ltd. Bank of Queensland Ltd. Bendigo & Adelaide Bank Ltd. BHP Billiton Ltd. Boral Ltd. Brambles Ltd. Caltex Australia Ltd. Challenger Ltd./Australia CIMIC Group Ltd. Coca-Cola Amatil Ltd. Cochlear Ltd. Commonwealth Bank of Australia Computershare Ltd. Crown Resorts Ltd. CSL Ltd. Dexus Property Group DUET Group Flight Centre Travel Group Ltd.a Fortescue Metals Group Ltd.a Goodman Group GPT Group (The) Harvey Norman Holdings Ltd. Healthscope Ltd. Iluka Resources Ltd. Incitec Pivot Ltd. Insurance Australia Group Ltd. James Hardie Industries PLC LendLease Group Macquarie Group Ltd. Medibank Pvt Ltd.

3,324,002 $ 46,396,478 12,418,294 14,168,151 5,681,976 66,777,499 14,519,008 65,151,483 5,544,653 37,024,778 2,686,558 20,502,473 3,094,947 20,855,661 949,192 31,676,966 10,234,433 33,350,450 8,767,610 10,270,690 14,144,639 1,764,853 2,128,761 15,640,215 3,742,169 7,676,363 1,324,859 2,737,446 500,120 2,807,864 281,946 8,321,076 2,343,189 1,772,694 2,268,732 4,628,658 11,080,571 269,511 7,674,500 8,545,040 8,681,536 2,690,449 8,377,288 2,097,612 8,288,054 11,794,645 2,184,535 2,676,274 1,491,907 13,411,557

261,982,137 15,152,040 15,140,940 246,833,038 18,391,591 73,110,562 32,859,659 18,718,179 13,659,851 18,428,270 23,244,507 469,218,569 18,078,755 15,976,944 182,106,899 29,742,483 19,026,315 8,085,178 19,971,676 44,930,718 33,325,340 9,198,411 17,389,311 10,293,099 20,366,597 51,936,266 30,891,889 25,938,469 72,297,872 32,138,003

Security Mirvac Group National Australia Bank Ltd. Newcrest Mining Ltd.b Oil Search Ltd. Orica Ltd. Origin Energy Ltd. Platinum Asset Management Ltd. Qantas Airways Ltd. QBE Insurance Group Ltd. Ramsay Health Care Ltd. REA Group Ltd. Rio Tinto Ltd. Santos Ltd. Scentre Group Seek Ltd. Sonic Healthcare Ltd. South32 Ltd.b Stockland Suncorp Group Ltd. Sydney Airport Tabcorp Holdings Ltd. Tatts Group Ltd. Telstra Corp. Ltd. TPG Telecom Ltd. Transurban Group Treasury Wine Estates Ltd. Vicinity Centres Vocus Communications Ltd. Wesfarmers Ltd. Westfield Corp. Westpac Banking Corp. Woodside Petroleum Ltd. Woolworths Ltd. AUSTRIA — 0.19% Andritz AG Erste Group Bank AGb IMMOEAST AG Escrowb IMMOFINANZ AG Escrowa,b OMV AG Raiffeisen Bank International AGb Voestalpine AG

Shares

Value

17,854,556 $ 25,480,075 12,778,919 265,163,267 3,748,430 54,265,870 6,622,462 35,529,151 1,840,481 21,489,821 8,451,978 35,411,208 1,150,930 5,322,695 2,673,838 6,570,539 6,662,132 56,688,914 691,757 34,288,047 260,059 10,105,791 2,058,899 80,997,898 8,185,439 29,984,254 26,173,921 93,681,032 1,601,526 20,007,495 1,876,728 27,813,817 26,168,235 33,150,689 11,536,766 38,474,728 6,265,311 59,767,169 5,388,800 28,005,879 4,003,583 13,535,135 7,094,996 20,412,845 20,941,048 85,659,047 1,439,130 11,762,497 9,872,946 87,249,984 3,653,080 25,982,751 16,382,712 41,508,201 2,206,940 14,534,877 5,469,941 178,538,519 9,715,701 74,886,848 16,193,734 383,723,716 3,619,859 78,289,142 6,160,371 103,945,489 4,276,835,587 376,038 1,363,831 1,571,072 1,157,632 728,171 575,424 560,232

21,065,288 39,239,024 18 13 21,859,408 9,197,204 20,199,501 111,560,456

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BELGIUM — 1.41% Ageas Anheuser-Busch InBev SA/NV Colruyt SA Delhaize Group Groupe Bruxelles Lambert SA KBC Groep NV Proximus SADP Solvay SA Telenet Group Holding NVa,b UCB SA Umicore SA DENMARK — 1.95% AP Moeller - Maersk A/S Class A AP Moeller - Maersk A/S Class B Carlsberg A/S Class B Chr Hansen Holding A/S Coloplast A/S Class B Danske Bank A/S DSV A/S Genmab A/Sa,b ISS A/S Novo Nordisk A/S Class B Novozymes A/S Class B Pandora A/S TDC A/S Tryg A/S Vestas Wind Systems A/S William Demant Holding A/Sb FINLAND — 0.95% Elisa OYJ Fortum OYJ Kone OYJ Class B Metso OYJ Neste OYJ Nokia OYJ Nokian Renkaat OYJ Orion OYJ Class B Sampo OYJ Class A Stora Enso OYJ Class R

292

Shares

Value

995,535 $ 39,064,466 3,922,490 485,652,401 347,206 19,994,958 509,348 53,396,903 389,910 34,444,962 1,222,194 68,634,116 741,910 24,961,294 359,346 36,325,763 261,236 12,985,562 615,565 46,074,169 466,401 23,250,712 844,785,306 17,618 33,880 527,615 487,940 549,924 3,458,180 869,048 258,922 727,400 9,558,939 1,152,100 537,551 3,998,514 580,369 1,050,071 123,737

23,993,860 47,652,955 51,395,026 30,372,825 41,246,627 97,812,272 36,576,432 38,370,325 27,626,044 533,822,532 55,226,621 69,817,190 20,465,441 10,958,447 75,140,116 12,719,683 1,173,196,396

702,769 2,185,351 1,655,301 553,007 633,039 28,082,917 556,064 492,756 2,185,496 2,659,664

26,248,313 32,939,355 75,532,578 13,294,777 20,257,921 165,648,477 20,520,518 17,190,948 95,445,360 23,212,384

Security UPM-Kymmene OYJ Wartsila OYJ Abp FRANCE — 9.79% Accor SA Aeroports de Paris Air Liquide SA Airbus Group SE Alstom SAb ArcelorMittala Arkema SA Atos SE AXA SA BNP Paribas SA Bollore SA Bouygues SA Bureau Veritas SA Capgemini SA Carrefour SA Casino Guichard Perrachon SAa Christian Dior SE Cie. de Saint-Gobain Cie. Generale des Etablissements Michelin Class B CNP Assurances Credit Agricole SA Danone SA Dassault Systemes Edenred Electricite de France SAa Engie SA Essilor International SA Eurazeo SA Eutelsat Communications SA Fonciere des Regions Gecina SA Groupe Eurotunnel SE Registered Hermes International ICADE Iliad SA Imerys SA Ingenico Group SA JCDecaux SA

Shares

Value

2,600,597 $ 49,682,919 723,908 31,042,538 571,016,088 1,032,633 140,429 1,677,414 2,891,262 798,405 8,327,663 324,224 426,530 9,580,870 5,146,200 4,174,764 982,931 1,249,401 799,656 2,692,789 277,114 266,638 2,320,935

45,753,740 17,676,346 190,201,291 180,841,303 20,410,584 47,041,830 25,875,652 37,953,576 241,580,368 272,547,679 16,544,210 32,783,280 29,621,715 74,672,148 76,318,141 16,491,707 46,832,121 106,317,971

907,305 841,399 5,107,072 2,865,378 621,764 1,003,725 1,184,793 7,116,419 998,760 195,947 814,968 146,477 160,861 2,294,057 128,045 178,570 127,271 166,983 268,966 355,020

94,721,372 14,325,339 56,499,180 200,751,318 48,638,960 19,796,385 17,023,590 117,371,324 129,321,195 13,802,309 25,319,102 13,864,294 23,269,771 29,296,590 45,610,099 14,061,097 27,820,160 12,328,225 31,730,185 15,685,442

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Shares

Value

Kering 368,678 $ 63,191,977 Klepierre 1,073,965 50,524,928 L’Oreal SA 1,225,598 222,422,280 Lagardere SCA 582,604 15,460,997 Legrand SA 1,291,690 73,587,166 LVMH Moet Hennessy Louis Vuitton SE 1,363,323 226,570,924 Natixis SA 4,581,189 25,275,099 Numericable-SFR SA 526,509 17,237,806 Orange SA 9,671,259 160,394,539 Pernod Ricard SA 1,034,689 111,729,385 Peugeot SAb 2,155,712 34,702,406 Publicis Groupe SA 922,822 68,310,914 Remy Cointreau SA 122,306 10,153,224 Renault SA 940,133 90,751,085 Rexel SA 1,445,235 21,899,607 Safran SA 1,523,823 105,015,290 Sanofi 5,714,795 471,991,473 Schneider Electric SE 2,715,085 176,756,544 SCOR SE 778,817 26,524,143 SES SA 1,595,381 43,534,677 Societe BIC SA 143,813 20,416,565 Societe Generale SA 3,522,076 138,164,764 Sodexo SA 461,397 46,604,957 STMicroelectronics NV 3,123,286 19,188,390 Suez Environnement Co. 1,478,358 27,261,107 Technip SA 507,807 29,726,417 Thales SA 516,131 44,631,851 Total SA 10,691,117 537,925,692 Unibail-Rodamco SE 480,143 128,683,973 Valeo SA 388,542 61,612,514 Veolia Environnement SA 2,204,153 54,163,692 Vinci SA 2,336,788 174,610,867 Vivendi SA 5,661,368 108,675,939 Wendel SA 159,443 18,426,151 Zodiac Aerospace 973,403 22,827,302 5,879,654,244 GERMANY — 8.40% adidas AG 1,019,830 131,523,748 Allianz SE Registered 2,229,133 378,502,441 Axel Springer SE 212,249 11,853,520 BASF SE 4,478,210 370,065,665 Bayer AG Registered 4,026,121 464,590,023 Bayerische Motoren Werke AG 1,616,865 149,075,969 Beiersdorf AG 489,641 43,945,074

Security Brenntag AG Commerzbank AG Continental AG Daimler AG Registered Deutsche Bank AG Registered Deutsche Boerse AG Deutsche Lufthansa AG Registered Deutsche Post AG Registered Deutsche Telekom AG Registered Deutsche Wohnen AG Bearer E.ON SE Evonik Industries AG Fraport AG Frankfurt Airport Services Worldwide Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA GEA Group AG Hannover Rueck SE HeidelbergCement AG Henkel AG & Co. KGaA HUGO BOSS AG Infineon Technologies AG K+S AG Registereda Lanxess AG Linde AG MAN SE Merck KGaA METRO AG Muenchener RueckversicherungsGesellschaft AG in Muenchen Registered Osram Licht AG ProSiebenSat.1 Media SE Registered QIAGEN NVb RTL Group SAb RWE AGb SAP SE Siemens AG Registered Symrise AG

Shares

Value

744,749 $ 43,682,019 5,151,810 48,149,081 539,909 118,606,140 4,695,376 326,381,485 6,713,299 126,639,035 946,452 77,713,269 1,122,795 17,438,060 4,707,013 138,229,717 15,722,594 275,250,201 1,649,640 50,532,383 9,772,349 100,835,523 685,950 21,735,075 186,526 1,067,526 1,867,740 889,628 297,716 693,325 535,618 324,575 5,509,229 929,901 449,734 907,908 163,584 630,366 856,221

11,292,875 92,618,789 135,882,932 41,256,675 33,955,670 61,614,172 54,433,172 20,702,857 78,401,654 23,197,041 23,522,159 138,718,912 17,752,440 59,253,665 27,213,654

817,099 436,650 1,075,341 1,114,329 187,184 2,387,613 4,798,899 3,870,634 605,227

151,563,153 22,792,824 54,832,666 24,977,114 15,641,974 35,673,525 375,515,155 403,955,774 40,108,343

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April 30, 2016 Security

Telefonica Deutschland Holding AG ThyssenKrupp AG United Internet AG Registeredc Volkswagen AGa Vonovia SE Zalando SEa,b,d HONG KONG — 3.11% AIA Group Ltd. ASM Pacific Technology Ltd.a Bank of East Asia Ltd. (The)a BOC Hong Kong Holdings Ltd. Cathay Pacific Airways Ltd. Cheung Kong Infrastructure Holdings Ltd. Cheung Kong Property Holdings Ltd. CK Hutchison Holdings Ltd. CLP Holdings Ltd. First Pacific Co. Ltd./Hong Kong Galaxy Entertainment Group Ltd. Hang Lung Properties Ltd. Hang Seng Bank Ltd. Henderson Land Development Co. Ltd. HK Electric Investments & HK Electric Investments Ltd.d HKT Trust & HKT Ltd. Hong Kong & China Gas Co. Ltd. Hong Kong Exchanges and Clearing Ltd. Hongkong Land Holdings Ltd. Hysan Development Co. Ltd.a Kerry Properties Ltd. Li & Fung Ltd.a Link REIT Melco Crown Entertainment Ltd. ADRa MGM China Holdings Ltd. MTR Corp. Ltd. New World Development Co. Ltd.

294

Shares

Value

3,589,424 $ 18,228,816 1,816,126 42,246,808 607,223 29,651,897 167,644 26,564,716 2,280,597 76,755,984 420,468 13,937,006 5,047,010,850 58,612,400 1,150,300 5,583,840 18,240,500 5,665,000

352,859,161 8,304,130 20,335,106 54,670,709 9,055,587

3,388,792 13,056,684 13,116,184 9,317,000 10,670,250 11,328,000 10,955,000 3,632,800 5,932,724

32,043,507 89,628,787 157,248,119 86,177,326 6,767,600 38,260,403 21,861,419 66,032,177 37,092,909

12,792,000 13,158,440 33,880,942

11,510,359 19,066,270 63,243,959

5,589,400 2,883,000 3,228,797 3,026,500 28,750,400 11,011,258 459,840 4,552,800 7,346,000 25,606,132

141,442,688 18,307,050 14,297,579 8,251,750 17,827,235 66,928,894 6,805,632 6,397,350 36,364,461 25,549,356

Security NWS Holdings Ltd. PCCW Ltd. Power Assets Holdings Ltd. Sands China Ltd. Shangri-La Asia Ltd.a Sino Land Co. Ltd. SJM Holdings Ltd.a Sun Hung Kai Properties Ltd. Swire Pacific Ltd. Class A Swire Properties Ltd. Techtronic Industries Co. Ltd. WH Group Ltd.b,d Wharf Holdings Ltd. (The) Wheelock & Co. Ltd. Wynn Macau Ltd. Yue Yuen Industrial Holdings Ltd. IRELAND — 0.48% Bank of Irelandb CRH PLC Irish Bank Resolution Corp. Ltd.b Kerry Group PLC Class A Paddy Power Betfair PLC Ryanair Holdings PLC Ryanair Holdings PLC ADR ISRAEL — 0.70% Azrieli Group Ltd. Bank Hapoalim BM Bank Leumi le-Israel BMb Bezeq The Israeli Telecommunication Corp. Ltd. Check Point Software Technologies Ltd.a,b Delek Group Ltd.a Israel Chemicals Ltd. Mizrahi Tefahot Bank Ltd. Mobileye NVa,b NICE-Systems Ltd. Taro Pharmaceutical Industries Ltd.a,b

Shares

Value

7,092,000 $ 10,806,404 19,778,000 13,411,061 6,776,000 64,596,143 11,766,400 42,168,040 6,840,666 8,368,731 13,552,000 21,348,610 9,321,000 6,272,317 8,470,000 107,059,699 3,007,500 32,702,860 5,610,655 14,610,327 6,579,033 24,722,685 28,716,500 23,248,030 6,776,912 36,779,765 5,082,000 23,584,799 7,961,200 11,391,909 3,388,000 12,360,182 1,869,761,085 132,905,593 3,883,282 3,570,811 783,782 391,762 173,066 112,806

40,339,186 112,838,524 41 69,904,231 52,520,848 2,613,544 9,131,646 287,348,020

182,954 5,047,435 6,826,218

7,274,045 25,991,079 25,165,106

9,530,771

20,351,037

335,586 23,342 2,515,854 646,376 396,594 293,221 33,512

27,810,012 4,153,094 12,496,700 7,498,481 15,130,061 18,885,553 4,682,967

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April 30, 2016 Security Teva Pharmaceutical Industries Ltd.

ITALY — 2.09% Assicurazioni Generali SpA Atlantia SpA Banco Popolare SC CNH Industrial NV Enel SpA Eni SpA EXOR SpA Ferrari NVa,b Fiat Chrysler Automobiles NVa Finmeccanica SpAb Intesa Sanpaolo SpA Luxottica Group SpA Mediobanca SpA Prysmian SpA Saipem SpAb Snam SpA Telecom Italia SpA/Milanoa,b Tenaris SA Terna Rete Elettrica Nazionale SpA UniCredit SpA Unione di Banche Italiane SpA UnipolSai SpA JAPAN — 22.72% ABC-Mart Inc. Acom Co. Ltd.b Aeon Co. Ltd. AEON Financial Service Co. Ltd. Aeon Mall Co. Ltd. Air Water Inc. Aisin Seiki Co. Ltd. Ajinomoto Co. Inc. Alfresa Holdings Corp. Alps Electric Co. Ltd. Amada Holdings Co. Ltd. ANA Holdings Inc. Aozora Bank Ltd. Asahi Glass Co. Ltd.

Shares

Value

4,433,757 $ 249,573,301 419,011,436 5,634,948 1,999,913 1,524,036 4,648,042 38,741,158 12,355,938 513,468 608,150 4,339,083 1,810,343 60,526,390 824,223 2,823,706 989,587 29,884,299 10,504,136 55,603,720 2,325,577 7,832,897 23,060,717 4,261,695 4,871,760

85,967,073 55,707,373 10,761,339 35,668,336 175,625,021 200,956,504 19,289,689 27,388,120 34,838,061 22,870,433 167,763,755 44,907,190 23,204,883 23,337,177 14,307,289 64,124,730 54,132,835 31,377,188 44,175,194 89,116,041 18,069,943 11,371,770 1,254,959,944

113,600 1,977,870 3,234,000 508,290 525,210 449,000 929,700 2,957,000 882,700 853,400 1,646,800 5,082,000 5,082,000 4,748,000

7,602,000 10,758,637 49,675,957 11,762,475 7,515,272 6,991,299 37,624,197 70,612,038 17,638,325 15,872,387 17,130,599 14,629,244 18,571,541 28,799,963

Security Asahi Group Holdings Ltd. Asahi Kasei Corp. ASICS Corp. Astellas Pharma Inc. Bandai Namco Holdings Inc. Bank of Kyoto Ltd. (The) Benesse Holdings Inc. Bridgestone Corp. Brother Industries Ltd. Calbee Inc. Canon Inc. Casio Computer Co. Ltd.a Central Japan Railway Co. Chiba Bank Ltd. (The) Chubu Electric Power Co. Inc. Chugai Pharmaceutical Co. Ltd. Chugoku Bank Ltd. (The) Chugoku Electric Power Co. Inc. (The) Citizen Holdings Co. Ltd. Concordia Financial Group Ltd.b Credit Saison Co. Ltd. Dai Nippon Printing Co. Ltd. Dai-ichi Life Insurance Co. Ltd. (The) Daicel Corp. Daihatsu Motor Co. Ltd. Daiichi Sankyo Co. Ltd. Daikin Industries Ltd. Daito Trust Construction Co. Ltd. Daiwa House Industry Co. Ltd. Daiwa Securities Group Inc. Denso Corp. Dentsu Inc. Don Quijote Holdings Co. Ltd. East Japan Railway Co. Eisai Co. Ltd. Electric Power Development Co. Ltd. FamilyMart Co. Ltd. FANUC Corp. Fast Retailing Co. Ltd. Fuji Electric Co. Ltd. Fuji Heavy Industries Ltd.

Shares

Value

1,863,400 $ 61,111,927 6,053,000 42,978,308 804,600 16,626,670 10,333,450 144,578,482 847,000 18,524,043 1,694,000 11,842,722 322,800 9,367,671 3,133,700 120,550,579 1,185,800 14,152,686 338,800 13,695,126 5,251,400 152,739,444 984,800 19,466,816 695,600 126,351,568 3,388,000 17,859,078 3,218,600 43,633,621 1,104,700 38,821,179 847,000 9,087,864 1,422,300 18,956,024 1,355,200 7,903,592 5,667,000 27,139,313 677,600 12,906,667 3,032,000 29,499,621 5,261,652 67,322,787 1,229,000 15,908,828 1,016,400 14,249,264 3,117,395 75,782,461 1,137,700 94,465,412 338,800 49,064,966 2,975,900 82,411,250 8,125,000 49,071,218 2,371,600 94,225,633 1,021,300 54,121,884 547,500 20,340,320 1,627,000 149,386,869 1,227,100 78,388,976 677,600 20,993,916 278,500 15,070,938 949,100 146,407,734 250,400 68,301,547 2,785,000 12,363,895 2,879,800 100,017,167

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FUJIFILM Holdings Corp. Fujitsu Ltd. Fukuoka Financial Group Inc. GungHo Online Entertainment Inc.a Gunma Bank Ltd. (The) Hachijuni Bank Ltd. (The) Hakuhodo DY Holdings Inc. Hamamatsu Photonics KK Hankyu Hanshin Holdings Inc. Hikari Tsushin Inc. Hino Motors Ltd. Hirose Electric Co. Ltd. Hiroshima Bank Ltd. (The) Hisamitsu Pharmaceutical Co. Inc. Hitachi Chemical Co. Ltd. Hitachi Construction Machinery Co. Ltd. Hitachi High-Technologies Corp. Hitachi Ltd. Hitachi Metals Ltd. Hokuhoku Financial Group Inc. Hokuriku Electric Power Co. Honda Motor Co. Ltd. Hoshizaki Electric Co. Ltd. Hoya Corp. Hulic Co. Ltd. Idemitsu Kosan Co. Ltd. IHI Corp. Iida Group Holdings Co. Ltd. INPEX Corp. Isetan Mitsukoshi Holdings Ltd. Isuzu Motors Ltd. ITOCHU Corp. Itochu Techno-Solutions Corp. Iyo Bank Ltd. (The) J Front Retailing Co. Ltd. Japan Airlines Co. Ltd. Japan Airport Terminal Co. Ltd.a Japan Exchange Group Inc. Japan Post Bank Co. Ltd. Japan Post Holdings Co. Ltd.

296

Shares

Value

2,265,100 $ 96,726,407 9,117,000 33,299,907 3,986,000 14,082,041 2,147,200 5,779,650 2,014,000 8,263,433 1,694,000 7,678,770 1,185,820 13,942,348 677,600 19,537,324 5,878,000 38,181,317 123,100 9,480,293 1,295,900 13,104,947 169,470 21,398,567 1,822,000 6,845,591 209,100 10,220,973 508,200 8,910,540 508,200 8,397,566 338,800 9,562,839 23,716,000 114,285,430 853,000 9,088,462 6,053,000 7,920,183 847,000 11,367,746 7,882,700 220,468,057 169,400 14,676,742 2,032,800 80,954,818 1,524,600 15,674,190 508,200 11,190,422 6,776,000 15,515,865 758,480 14,822,951 4,625,843 38,400,615 1,816,200 20,097,956 2,879,800 32,177,213 7,700,000 101,831,861 246,300 4,972,270 1,185,800 8,112,581 1,185,800 14,861,982 604,300 22,326,257 182,700 6,855,839 2,623,500 41,095,247 1,953,600 24,558,082 2,202,200 30,564,671

Security Japan Prime Realty Investment Corp. Japan Real Estate Investment Corp. Japan Retail Fund Investment Corp. Japan Tobacco Inc. JFE Holdings Inc. JGC Corp. Joyo Bank Ltd. (The) JSR Corp. JTEKT Corp. JX Holdings Inc. Kajima Corp. Kakaku.com Inc. Kamigumi Co. Ltd. Kaneka Corp. Kansai Electric Power Co. Inc. (The)b Kansai Paint Co. Ltd. Kao Corp. Kawasaki Heavy Industries Ltd. KDDI Corp. Keihan Holdings Co. Ltd. Keikyu Corp. Keio Corp. Keisei Electric Railway Co. Ltd. Keyence Corp. Kikkoman Corp. Kintetsu Group Holdings Co. Ltd. Kirin Holdings Co. Ltd. Kobe Steel Ltd. Koito Manufacturing Co. Ltd. Komatsu Ltd. Konami Holdings Corp. Konica Minolta Inc. Kose Corp. Kubota Corp. Kuraray Co. Ltd. Kurita Water Industries Ltd. Kyocera Corp. Kyowa Hakko Kirin Co. Ltd. Kyushu Electric Power Co. Inc. Kyushu Financial Group Inc.

Shares

Value

3,425 $ 15,317,188 6,776 42,684,462 11,858 29,491,227 5,318,200 225,164,223 2,393,975 35,340,750 1,148,000 20,214,328 3,190,000 11,538,203 1,017,700 14,467,234 1,016,400 13,593,798 11,259,600 49,523,508 4,274,000 27,362,867 677,600 12,621,681 1,151,000 10,735,997 1,176,000 10,243,768 3,460,100 31,601,568 1,104,800 20,052,541 2,453,100 140,222,997 6,776,000 20,012,300 8,639,400 255,883,533 2,007,000 14,856,246 2,628,000 24,389,962 2,785,000 25,248,376 1,437,000 20,454,703 216,023 135,596,100 632,000 20,880,602 8,470,000 35,623,160 3,963,800 58,959,650 15,246,000 15,389,205 508,200 22,988,813 4,537,100 80,844,723 488,300 15,676,532 2,202,200 19,923,638 138,900 13,319,445 5,326,000 82,606,636 1,816,400 23,868,951 508,200 12,548,852 1,524,600 77,986,222 1,534,000 28,444,843 2,075,900 21,574,847 1,599,000 8,697,771

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April 30, 2016 Security

Shares

Value

Lawson Inc. 338,800 $ 26,915,276 LIXIL Group Corp. 1,311,580 28,218,675 M3 Inc. 977,200 27,490,743 Mabuchi Motor Co. Ltd. 263,800 13,856,311 Makita Corp. 608,400 39,348,829 Marubeni Corp. 7,961,800 43,613,356 Marui Group Co. Ltd. 1,122,700 17,764,672 Maruichi Steel Tube Ltd. 169,400 5,082,237 Mazda Motor Corp. 2,620,400 42,724,312 McDonald’s Holdings Co. Japan Ltd.a 338,800 8,448,230 Medipal Holdings Corp. 677,600 11,139,758 MEIJI Holdings Co. Ltd. 579,104 46,438,734 Minebea Co. Ltd. 1,694,000 14,550,082 Miraca Holdings Inc. 278,500 12,246,764 Mitsubishi Chemical Holdings Corp. 6,611,800 35,952,570 Mitsubishi Corp. 6,566,100 114,329,121 Mitsubishi Electric Corp. 9,424,000 105,518,501 Mitsubishi Estate Co. Ltd. 5,997,000 118,880,667 Mitsubishi Gas Chemical Co. Inc. 1,694,000 9,610,337 Mitsubishi Heavy Industries Ltd. 14,733,000 54,734,964 Mitsubishi Logistics Corp. 477,000 6,763,017 Mitsubishi Materials Corp. 5,777,000 19,059,592 Mitsubishi Motors Corp. 3,125,100 13,114,350 Mitsubishi Tanabe Pharma Corp. 1,095,500 20,098,757 Mitsubishi UFJ Financial Group Inc. 62,169,880 302,206,221 Mitsubishi UFJ Lease & Finance Co. Ltd. 2,308,800 10,487,189 Mitsui & Co. Ltd. 8,241,600 103,332,926 Mitsui Chemicals Inc. 3,891,000 13,528,221 Mitsui Fudosan Co. Ltd. 4,460,000 113,589,420 Mitsui OSK Lines Ltd. 5,082,000 11,256,919 Mixi Inc. 195,000 6,889,107 Mizuho Financial Group Inc. 114,168,460 179,050,120 MS&AD Insurance Group Holdings Inc. 2,390,088 66,311,288 Murata Manufacturing Co. Ltd. 979,900 135,498,112 Nabtesco Corp. 518,500 12,153,820 Nagoya Railroad Co. Ltd. 5,082,000 26,218,646 NEC Corp. 11,858,000 29,923,454

Security Nexon Co. Ltd. NGK Insulators Ltd. NGK Spark Plug Co. Ltd. NH Foods Ltd. NHK Spring Co. Ltd. Nidec Corp. Nikon Corp.a Nintendo Co. Ltd. Nippon Building Fund Inc. Nippon Electric Glass Co. Ltd. Nippon Express Co. Ltd. Nippon Paint Holdings Co. Ltd. Nippon Prologis REIT Inc. Nippon Steel & Sumitomo Metal Corp. Nippon Telegraph & Telephone Corp. Nippon Yusen KK Nissan Motor Co. Ltd. Nisshin Seifun Group Inc. Nissin Foods Holdings Co. Ltd. Nitori Holdings Co. Ltd. Nitto Denko Corp. NOK Corp. Nomura Holdings Inc. Nomura Real Estate Holdings Inc. Nomura Real Estate Master Fund Inc. Nomura Research Institute Ltd. NSK Ltd. NTT Data Corp. NTT DOCOMO Inc. NTT Urban Development Corp. Obayashi Corp. Obic Co. Ltd. Odakyu Electric Railway Co. Ltd. Oji Holdings Corp. Olympus Corp. Omron Corp. Ono Pharmaceutical Co. Ltd. Oracle Corp. Japan Oriental Land Co. Ltd./Japan ORIX Corp.

Shares

Value

644,700 $ 10,026,457 1,549,000 33,500,500 847,000 17,819,496 744,000 16,904,192 847,000 7,805,430 1,059,500 81,050,586 1,694,000 25,506,183 513,400 72,719,071 6,776 43,444,423 1,794,500 9,811,510 4,277,000 20,346,680 727,000 20,057,984 6,776 16,503,814 3,637,735 79,523,923 3,388,000 154,018,711 7,687,000 15,590,252 12,196,800 113,994,112 1,076,597 18,101,762 338,800 16,085,836 344,100 33,060,872 803,300 45,317,247 477,800 8,332,864 17,787,000 79,613,013 605,300 11,450,322 17,100 27,153,512 552,170 20,075,156 2,371,600 21,855,204 605,391 32,477,633 6,945,417 168,580,288 508,200 4,958,744 2,991,000 30,218,898 233,200 12,663,134 3,388,000 37,776,382 4,274,000 18,095,444 1,276,000 51,817,562 964,000 32,074,770 1,954,500 90,934,165 169,400 9,357,017 950,600 67,522,408 6,437,200 95,449,486

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April 30, 2016 Security

Osaka Gas Co. Ltd. Otsuka Corp. Otsuka Holdings Co. Ltd. Panasonic Corp. Park24 Co. Ltd. Rakuten Inc. Recruit Holdings Co. Ltd. Resona Holdings Inc. Ricoh Co. Ltd. Rinnai Corp. Rohm Co. Ltd. Ryohin Keikaku Co. Ltd. Sankyo Co. Ltd. Sanrio Co. Ltd.a Santen Pharmaceutical Co. Ltd. SBI Holdings Inc./Japan Secom Co. Ltd. Sega Sammy Holdings Inc. Seibu Holdings Inc. Seiko Epson Corp. Sekisui Chemical Co. Ltd. Sekisui House Ltd. Seven & I Holdings Co. Ltd. Seven Bank Ltd. Shikoku Electric Power Co. Inc. Shimadzu Corp. Shimamura Co. Ltd. Shimano Inc. Shimizu Corp. Shin-Etsu Chemical Co. Ltd. Shinsei Bank Ltd. Shionogi & Co. Ltd. Shiseido Co. Ltd. Shizuoka Bank Ltd. (The) Showa Shell Sekiyu KK SMC Corp./Japan SoftBank Group Corp. Sohgo Security Services Co. Ltd. Sompo Japan Nipponkoa Holdings Inc. Sony Corp. Sony Financial Holdings Inc. Stanley Electric Co. Ltd. Sumitomo Chemical Co. Ltd.

298

Shares

Value

9,321,000 $ 34,567,716 223,800 11,127,772 1,863,400 74,818,135 10,731,268 99,735,248 488,300 14,079,214 4,590,700 52,366,460 677,600 21,627,216 10,700,500 39,323,675 3,467,300 36,748,616 169,400 15,468,368 508,200 23,273,798 109,500 25,247,582 273,900 10,674,919 196,700 3,981,982 1,812,300 27,033,327 1,106,880 12,021,072 1,016,400 80,223,356 1,016,438 11,418,837 638,300 13,935,874 1,524,600 26,304,141 1,967,900 25,510,326 3,049,200 55,044,907 3,632,880 154,251,823 3,144,100 13,840,564 1,016,400 12,909,833 1,025,000 16,228,328 119,200 16,521,669 384,400 57,770,475 2,785,000 25,586,756 2,032,800 117,850,913 8,470,000 12,349,362 1,455,300 76,753,660 1,767,400 41,048,544 2,948,000 22,730,969 847,000 9,087,864 250,400 63,995,402 4,651,300 260,311,084 228,200 13,095,453 1,622,750 44,597,377 6,098,400 158,337,821 847,000 11,003,598 740,600 15,864,809 7,021,000 33,203,664

Security

Shares

Value

Sumitomo Corp. 5,435,800 $ 59,440,965 Sumitomo Dainippon Pharma Co. Ltd. 847,000 11,264,835 Sumitomo Electric Industries Ltd. 3,632,800 45,666,769 Sumitomo Heavy Industries Ltd. 2,759,000 12,196,897 Sumitomo Metal Mining Co. Ltd. 2,191,000 25,637,946 Sumitomo Mitsui Financial Group Inc. 6,161,700 196,550,139 Sumitomo Mitsui Trust Holdings Inc. 16,175,600 52,096,937 Sumitomo Realty & Development Co. Ltd. 1,744,000 52,892,939 Sumitomo Rubber Industries Ltd. 847,000 13,457,638 Suntory Beverage & Food Ltd. 677,600 30,335,100 Suruga Bank Ltd. 1,185,800 23,938,763 Suzuken Co. Ltd./Aichi Japan 360,924 12,902,793 Suzuki Motor Corp. 1,718,200 49,380,485 Sysmex Corp. 684,200 44,762,839 T&D Holdings Inc. 2,795,200 28,253,739 Taiheiyo Cement Corp. 6,776,000 18,492,378 Taisei Corp. 5,082,000 35,528,165 Taisho Pharmaceutical Holdings Co. Ltd. 169,400 14,249,264 Taiyo Nippon Sanso Corp. 700,400 6,722,845 Takashimaya Co. Ltd. 1,694,000 12,776,840 Takeda Pharmaceutical Co. Ltd. 3,802,800 187,021,203 TDK Corp. 601,000 36,960,419 Teijin Ltd. 5,082,000 18,856,526 Terumo Corp. 1,481,300 58,493,317 THK Co. Ltd. 514,900 10,543,912 Tobu Railway Co. Ltd. 5,082,000 26,693,621 Toho Co. Ltd./Tokyo 508,200 13,346,811 Toho Gas Co. Ltd. 1,698,000 11,902,425 Tohoku Electric Power Co. Inc. 2,202,200 28,979,836 Tokio Marine Holdings Inc. 3,316,400 114,343,657 Tokyo Electric Power Co. Holdings Inc.b 7,114,800 39,232,973 Tokyo Electron Ltd. 847,000 58,667,386 Tokyo Gas Co. Ltd. 11,858,000 53,762,473 Tokyo Tatemono Co. Ltd. 1,048,900 14,293,156 Tokyu Corp. 5,728,000 50,804,916 Tokyu Fudosan Holdings Corp. 2,474,300 17,529,038 TonenGeneral Sekiyu KK 1,694,000 16,576,644

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April 30, 2016 Security

Toppan Printing Co. Ltd. Toray Industries Inc. Toshiba Corp.a,b TOTO Ltd. Toyo Seikan Group Holdings Ltd. Toyo Suisan Kaisha Ltd. Toyoda Gosei Co. Ltd. Toyota Industries Corp. Toyota Motor Corp. Toyota Tsusho Corp. Trend Micro Inc./Japan Unicharm Corp. United Urban Investment Corp. USS Co. Ltd. West Japan Railway Co. Yahoo Japan Corp. Yakult Honsha Co. Ltd. Yamada Denki Co. Ltd. Yamaguchi Financial Group Inc. Yamaha Corp. Yamaha Motor Co. Ltd. Yamato Holdings Co. Ltd. Yamazaki Baking Co. Ltd. Yaskawa Electric Corp. Yokogawa Electric Corp. Yokohama Rubber Co. Ltd. (The) NETHERLANDS — 2.97% Aegon NV AerCap Holdings NVa,b Akzo Nobel NV Altice NV Class Aa,b Altice NV Class Bb ASML Holding NV Boskalis Westminster Gemalto NV Heineken Holding NV Heineken NV ING Groep NV CVA Koninklijke Ahold NV Koninklijke DSM NV Koninklijke KPN NV Koninklijke Philips NV

Shares

Value

2,750,000 $ 24,339,922 7,045,000 61,017,819 19,636,000 43,127,810 727,900 25,885,878 768,700 15,769,863 360,200 13,129,399 278,500 5,338,600 806,700 36,680,177 13,213,200 698,232,934 1,087,500 25,613,346 508,200 19,877,723 1,863,400 39,925,646 13,552 23,698,109 1,095,580 17,960,160 808,000 50,430,618 7,284,222 33,767,691 393,500 20,264,358 3,557,550 18,287,326 1,400,000 13,411,842 847,000 25,332,025 1,297,200 22,441,396 1,646,800 34,307,371 421,000 10,277,602 1,185,800 14,529,499 1,185,800 13,365,810 652,500 11,465,022 13,646,902,788 8,879,502 427,492 1,210,869 1,909,757 431,173 1,689,351 420,771 391,969 493,006 1,130,718 18,845,115 4,067,997 887,168 15,655,647 4,648,252

50,972,704 17,103,955 85,833,267 28,982,243 6,590,345 163,305,323 17,544,655 25,499,875 40,706,638 106,001,251 230,843,464 88,526,282 54,423,246 61,593,625 127,772,946

Security Koninklijke Vopak NV NN Group NV NXP Semiconductors NVb OCI NVb Randstad Holding NV RELX NV TNT Express NVb Unilever NV CVA Wolters Kluwer NV

Shares

Value

345,894 $ 18,796,262 1,542,595 53,463,679 664,226 56,645,193 418,363 8,272,902 619,306 33,270,738 4,875,296 81,832,310 2,360,140 21,428,147 7,939,400 348,867,800 1,480,352 56,350,618 1,784,627,468

NEW ZEALAND — 0.17% Auckland International Airport Ltd. Contact Energy Ltd. Fletcher Building Ltd. Meridian Energy Ltd. Mighty River Power Ltd. Ryman Healthcare Ltd. Spark New Zealand Ltd.

4,566,192 3,579,430 3,337,764 6,059,242 3,378,405 1,837,231 8,919,964

19,636,391 12,714,813 19,464,984 11,227,849 7,134,294 11,472,224 23,140,321 104,790,876

NORWAY — 0.60% DNB ASA Gjensidige Forsikring ASA Norsk Hydro ASA Orkla ASA Schibsted ASA Schibsted ASA Class Bb Statoil ASA Telenor ASA Yara International ASA

4,767,331 978,900 6,607,395 3,983,175 416,211 363,895 5,482,850 3,663,139 872,914

61,039,551 16,764,089 28,744,037 34,774,594 12,141,544 10,344,256 96,892,156 63,051,291 34,949,732 358,701,250

212,762,364 11,253,242 1,866,744 1,329,680

9,430,697 40,007,128 25,646,199 21,762,930 96,846,954

10,808,156 10,417,500 12,874,400

19,782,050 11,083,684 29,790,100

PORTUGAL — 0.16% Banco Comercial Portugues SA Registereda,b EDP - Energias de Portugal SA Galp Energia SGPS SA Jeronimo Martins SGPS SA SINGAPORE — 1.43% Ascendas REIT CapitaLand Commercial Trust Ltd. CapitaLand Ltd.

299

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For personal use only

April 30, 2016 Security

CapitaLand Mall Trust City Developments Ltd. ComfortDelGro Corp. Ltd. DBS Group Holdings Ltd. Genting Singapore PLC Global Logistic Properties Ltd. Golden Agri-Resources Ltd. Hutchison Port Holdings Trust Jardine Cycle & Carriage Ltd. Jardine Matheson Holdings Ltd. Keppel Corp. Ltd.a Noble Group Ltd.a,b Oversea-Chinese Banking Corp. Ltd. SembCorp Industries Ltd. Sembcorp Marine Ltda Singapore Airlines Ltd. Singapore Exchange Ltd. Singapore Press Holdings Ltd.a Singapore Technologies Engineering Ltd. Singapore Telecommunications Ltd. StarHub Ltd. Suntec REITa United Overseas Bank Ltd. UOL Group Ltd. Wilmar International Ltd. Yangzijiang Shipbuilding Holdings Ltd.a SPAIN — 3.19% Abertis Infraestructuras SA ACS Actividades de Construccion y Servicios SA Aena SAb,d Amadeus IT Holding SA Class A Banco Bilbao Vizcaya Argentaria SA Banco de Sabadell SA Banco de Sabadell SA Newb Banco Popular Espanol SAa Banco Santander SA Bankia SA

300

Shares

Value

11,987,500 $ 18,462,204 2,371,600 14,716,077 10,417,500 22,399,892 8,777,800 99,791,514 29,432,800 17,847,351 15,539,800 22,141,079 33,893,994 10,087,123 26,289,100 11,698,649 508,254 14,604,196 1,185,800 65,574,740 7,114,800 28,585,186 23,333,527 7,985,880 15,076,698 98,376,282 4,625,800 9,946,477 3,971,600 4,934,766 2,710,400 23,190,804 3,963,800 22,207,071 6,794,750 20,525,044 7,623,000 18,262,758 39,300,885 112,868,878 2,809,200 6,918,234 12,065,100 15,125,697 6,253,600 86,542,137 2,371,600 10,834,139 9,424,500 26,014,579 9,093,500 6,698,088 856,994,679 2,574,786

43,424,462

970,370 336,720 2,184,183 31,966,611 25,002,632 726,643 8,670,133 70,773,925 22,817,074

32,092,042 48,034,209 99,415,680 219,055,217 47,794,736 1,389,042 23,584,538 358,370,125 21,246,554

Security Bankinter SA CaixaBank SA Distribuidora Internacional de Alimentacion SAa Enagas SA Endesa SA Ferrovial SA Gas Natural SDG SA Grifols SA Iberdrola SA Industria de Diseno Textil SA International Consolidated Airlines Group SA Mapfre SA Red Electrica Corp. SA Repsol SA Telefonica SA Zardoya Otis SA SWEDEN — 2.85% Alfa Laval AB Assa Abloy AB Atlas Copco AB Class A Atlas Copco AB Class B Boliden AB Electrolux AB Class B Getinge AB Class B Hennes & Mauritz AB Class B Hexagon AB Class B Husqvarna AB Class B ICA Gruppen ABa Industrivarden AB Class C Investment AB Kinnevik Class B Investor AB Class B Lundin Petroleum ABa,b Millicom International Cellular SA SDR Nordea Bank AB Sandvik AB Securitas AB Class B Skandinaviska Enskilda Banken AB Class A Skanska AB Class B SKF AB Class B

Shares

Value

3,372,565 $ 13,164,779

25,710,566 39,640,777

3,107,165 661,825 1,610,802 2,367,833 1,782,836 1,462,790 26,551,228 5,367,852

17,245,895 20,167,146 33,826,812 50,958,408 37,092,388 31,824,331 188,666,331 172,361,036

4,032,271 5,378,918 383,283 5,426,380 22,129,631 904,080

31,012,282 13,646,041 34,228,281 71,131,833 241,346,137 9,598,969 1,912,863,838

1,468,759 4,899,672 3,259,034 1,918,930 1,338,784 1,166,449 983,189 4,619,813 1,260,902 2,050,480 382,156 747,727 1,140,870 2,230,515 1,074,808 314,799 14,769,028 5,222,177 1,517,002

23,178,068 102,849,474 84,416,514 46,092,878 23,363,157 33,877,758 20,809,789 164,408,206 50,326,374 16,357,935 12,561,566 13,626,472 32,850,435 81,936,662 20,149,845 18,207,248 143,503,011 53,637,902 23,977,196

7,388,478 1,838,316 1,924,790

70,638,803 40,467,264 35,484,975

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April 30, 2016 Security

Svenska Cellulosa AB SCA Class B Svenska Handelsbanken AB Class A Swedbank AB Class A Swedish Match AB Tele2 AB Class B Telefonaktiebolaget LM Ericsson Class B Telia Co. AB Volvo AB Class B SWITZERLAND — 8.96% ABB Ltd. Registered Actelion Ltd. Registered Adecco SA Registered Aryzta AG Baloise Holding AG Registered Barry Callebaut AG Registered Chocoladefabriken Lindt & Sprungli AG Participation Certificates Chocoladefabriken Lindt & Sprungli AG Registered Cie. Financiere Richemont SA Class A Registered Credit Suisse Group AG Registered Dufry AG Registereda,b EMS-Chemie Holding AG Registered Galenica AG Registered Geberit AG Registered Givaudan SA Registered Julius Baer Group Ltd. Kuehne + Nagel International AG Registered LafargeHolcim Ltd. Registered Lonza Group AG Registered Nestle SA Registered Novartis AG Registered Pargesa Holding SA Bearer Partners Group Holding AG Roche Holding AG

Shares 2,953,263 7,293,433 4,409,393 980,021 1,560,559 14,809,390 12,625,475 7,507,542

Value $

93,098,768 97,185,771 95,196,214 31,114,105 14,900,538 119,989,573 60,354,002 87,966,762 1,712,527,265

10,705,588 501,214 805,121 425,017 240,794 11,409 4,851

226,509,468 81,051,821 51,868,776 16,517,353 29,819,768 13,414,651 29,708,263

456

33,392,426

2,542,105 8,732,523 196,733 39,882 20,328 183,859 45,676 1,089,545

169,208,450 132,741,638 25,902,665 19,732,956 29,733,809 70,647,125 90,065,352 46,616,839

257,576 2,212,684 259,581 15,535,118 11,072,574 145,468 81,312 3,421,880

37,138,240 112,123,174 43,222,877 1,158,853,351 845,605,025 10,115,224 33,508,858 865,733,855

301

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For personal use only

April 30, 2016 Security

BT Group PLC Bunzl PLC Burberry Group PLC Capita PLC Carnival PLC Centrica PLC Cobham PLC Coca-Cola HBC AGb Compass Group PLC Croda International PLC Diageo PLC Direct Line Insurance Group PLC Dixons Carphone PLC easyJet PLC Experian PLC Fresnillo PLC G4S PLC GKN PLC GlaxoSmithKline PLC Glencore PLC Hammerson PLC Hargreaves Lansdown PLC HSBC Holdings PLC ICAP PLC IMI PLC Imperial Brands PLC Inmarsat PLC InterContinental Hotels Group PLC Intertek Group PLC Intu Properties PLC Investec PLC ITV PLC J Sainsbury PLCa Johnson Matthey PLC Kingfisher PLC Land Securities Group PLC Legal & General Group PLC Lloyds Banking Group PLC London Stock Exchange Group PLC Marks & Spencer Group PLC Mediclinic International PLC Meggitt PLC

302

Shares

Value

41,189,833 $267,422,565 1,610,570 48,106,648 2,168,923 37,777,591 3,200,994 46,938,284 922,332 45,897,718 24,662,445 86,129,247 5,480,190 12,363,021 967,142 19,834,742 8,025,978 143,321,036 668,022 29,465,227 12,234,815 330,854,748 6,637,871 35,190,518 4,775,684 29,746,584 777,504 16,776,975 4,740,204 86,868,557 1,094,668 17,847,848 7,568,727 20,888,729 8,185,534 33,418,908 23,675,503 506,014,281 59,609,577 142,247,745 3,789,160 32,444,100 1,266,846 23,865,639 95,272,126 631,528,141 2,717,834 18,652,661 1,311,642 17,965,330 4,668,149 254,285,012 2,174,139 29,603,630 1,149,275 45,944,736 784,049 37,408,408 4,415,090 19,681,119 2,710,301 20,764,787 18,660,734 61,560,959 6,435,421 27,235,338 949,525 40,157,018 11,131,817 59,341,208 3,849,599 63,836,664 28,977,703 94,704,757 277,539,300 272,684,883 1,538,090 61,127,947 7,882,234 48,900,242 1,821,597 24,149,556 3,826,104 23,019,174

Security Merlin Entertainments PLCd Mondi PLC National Grid PLC Next PLC Old Mutual PLC Pearson PLC Persimmon PLC Petrofac Ltd. Provident Financial PLC Prudential PLC Randgold Resources Ltd. Reckitt Benckiser Group PLC RELX PLC Rexam PLC Rio Tinto PLC Rolls-Royce Holdings PLC Rolls-Royce Holdings PLC Newb Royal Bank of Scotland Group PLCb Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B Royal Mail PLC RSA Insurance Group PLC SABMiller PLC Sage Group PLC (The) Schroders PLC Segro PLC Severn Trent PLC Shire PLC Sky PLC Smith & Nephew PLC Smiths Group PLC Sports Direct International PLCb SSE PLC St. James’s Place PLC Standard Chartered PLC Standard Life PLC Tate & Lyle PLC Taylor Wimpey PLC Tesco PLCb Travis Perkins PLC

Shares

Value

3,388,761 $ 21,420,520 1,780,774 34,121,241 18,308,897 261,448,389 706,371 52,617,727 24,036,353 65,316,177 3,981,535 46,952,064 1,504,579 43,794,657 1,274,245 15,773,131 707,141 30,185,879 12,548,624 247,704,073 449,284 44,557,200 3,104,173 302,577,744 5,511,404 97,691,299 3,348,791 30,660,295 6,066,989 204,457,814 8,959,688 87,872,248 636,137,848 931,879 16,714,662 56,316,247 19,134,246 498,789,856 19,355,563 506,402,137 4,255,756 30,354,617 4,923,565 33,112,749 4,730,381 290,001,238 5,359,457 46,478,357 605,214 22,288,585 3,573,520 21,865,981 1,178,983 38,462,369 2,881,919 179,887,743 5,035,105 69,223,105 4,358,727 73,811,796 1,910,658 31,012,086 1,316,266 7,427,424 4,889,032 108,145,411 2,566,273 32,593,441 15,915,944 128,723,671 9,538,468 45,565,663 2,292,128 19,743,514 15,846,933 42,783,748 39,632,070 99,916,197 1,192,942 32,294,574

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April 30, 2016 Security

TUI AG Unilever PLC United Utilities Group PLC Vodafone Group PLC Weir Group PLC (The) Whitbread PLC William Hill PLC Wm Morrison Supermarkets PLC Wolseley PLC Worldpay Group PLCb,d WPP PLC

Shares 2,389,280 6,241,118 3,363,510 129,266,388 1,027,288 881,345 4,248,979 10,721,111 1,246,450 6,816,896 6,343,850

TOTAL COMMON STOCKS (Cost: $59,947,116,277)

Value $

34,685,581 279,261,323 46,291,129 415,082,507 18,058,502 49,990,739 19,463,491 30,012,954 69,768,625 26,652,841 148,318,068 11,533,145,043 59,126,418,826

ITALY — 0.06% Intesa Sanpaolo SpA Telecom Italia SpA/Milano

BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f

c

20,740,678 14,926,024 96,993,731 41,388,151 131,205,474 305,254,058

5,640,657 29,599,680

14,833,361 23,222,854 38,056,215

TOTAL PREFERRED STOCKS (Cost: $361,564,512)

22,984,586

Value

$

22,984,586 379,103,827 379,103,827

59,848,832,926 215,485,148 $60,064,318,074

ADR — American Depositary Receipts SDR — Swedish Depositary Receipts b

261,119 348,865 849,567 741,552 905,931

Shares

TOTAL SHORT-TERM INVESTMENTS (Cost: $379,103,827) TOTAL INVESTMENTS IN SECURITIES — 99.64% (Cost: $60,687,784,616) Other Assets, Less Liabilities — 0.36% NET ASSETS — 100.00%

a

PREFERRED STOCKS — 0.57% GERMANY — 0.51% Bayerische Motoren Werke AG Fuchs Petrolub SE Henkel AG & Co. KGaA Porsche Automobil Holding SE Volkswagen AG

Security

d e f g

All or a portion of this security represents a security on loan. See Note 1. Non-income earning security. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

343,310,273

SHORT-TERM INVESTMENTS — 0.63% MONEY MARKET FUNDS — 0.63% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g 337,693,825 BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g 18,425,416

337,693,825 18,425,416

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Open futures contracts as of April 30, 2016 were as follows: Number of Contracts Issue Purchased (Sold) Expiration ASX SPI 200 Index 711 Jun. 2016 Euro Stoxx 50 Index 5,782 Jun. 2016 FTSE 100 Index 1,713 Jun. 2016 TOPIX Index 977 Jun. 2016

See accompanying notes to schedules of investments.

304

Unrealized Appreciation (Depreciation)

Exchange

Notional Value

Sydney Futures

$ 70,958,489

Eurex

197,149,156

1,042,403

Intercontinental 155,882,397 Osaka Securities 121,126,267 Net unrealized appreciation

2,877,209 (821,432) 5,361,245

$

$

2,263,065

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April 30, 2016 Security

Shares

Value

COMMON STOCKS — 98.98%

AUSTRALIA — 7.27% Alumina Ltd. Amcor Ltd./Australia AMP Ltd. APA Group Aristocrat Leisure Ltd. Asciano Ltd. ASX Ltd. Aurizon Holdings Ltd. Boral Ltd. Brambles Ltd. Caltex Australia Ltd. Challenger Ltd./Australia Coca-Cola Amatil Ltd. Cochlear Ltd. Commonwealth Bank of Australia Computershare Ltd. Crown Resorts Ltd. CSL Ltd. DUET Group Flight Centre Travel Group Ltd. Goodman Group Harvey Norman Holdings Ltd. Healthscope Ltd. Iluka Resources Ltd. Incitec Pivot Ltd. James Hardie Industries PLC LendLease Group Macquarie Group Ltd. Medibank Pvt Ltd. Newcrest Mining Ltd.a Oil Search Ltd. Platinum Asset Management Ltd. Qantas Airways Ltd. QBE Insurance Group Ltd. Ramsay Health Care Ltd. REA Group Ltd. Santos Ltd. Seek Ltd. Sonic Healthcare Ltd. Sydney Airport

640,200 $ 730,410 5,152,490 438,416 1,104,488 4,956,195 2,850,172 426,828 1,558,048 204,160 1,647,558 244,495 71,280 2,378,796 811,008 2,642,792 1,383,544 281,512 596,112 5,677,439 2,534,010 102,168 1,440,538 210,672 111,936 734,646 1,806,494 21,912 647,064 36,487,402 1,359,956 176,264 135,608 1,222,208 176,880 14,197,829 1,474,773 858,880 20,768 623,028 3,522,636 669,944 68,904 235,577 1,336,031 643,632 777,278 158,400 1,574,056 640,552 2,370,626 167,640 70,488 683,170 5,586,473 115,280 1,028,896 2,465,535 4,253,794 293,832 2,753,376 513,216 86,504 400,054 482,045 196,165 257,048 2,187,254 2,608,393 52,624 20,944 813,876 1,498,396 409,049 1,522,619 121,880 146,080 2,164,961 2,208,955 425,040

Security Tabcorp Holdings Ltd. Tatts Group Ltd. Telstra Corp. Ltd. TPG Telecom Ltd. Transurban Group Treasury Wine Estates Ltd. Vocus Communications Ltd. Wesfarmers Ltd. Westfield Corp. Woolworths Ltd. AUSTRIA — 0.07% Andritz AG

Shares

Value

300,784 $ 1,016,877 281,336 809,425 1,610,400 6,587,317 113,032 923,849 769,458 6,799,915 280,338 1,993,921 169,380 1,115,534 432,520 14,117,425 747,120 5,758,664 171,160 2,888,026 172,314,386 29,480

1,651,441 1,651,441

BELGIUM — 1.93% Anheuser-Busch InBev SA/NV Colruyt SA Solvay SA Telenet Group Holding NVa UCB SA Umicore SA

304,744 26,840 9,504 20,680 47,520 17,952

37,731,047 1,545,666 960,746 1,027,965 3,556,805 894,931 45,717,160

DENMARK — 3.40% Carlsberg A/S Class B Chr Hansen Holding A/S Coloplast A/S Class B Danske Bank A/S DSV A/S Genmab A/Sa ISS A/S Novo Nordisk A/S Class B Novozymes A/S Class B Pandora A/S Vestas Wind Systems A/S William Demant Holding A/Sa

15,122 38,632 42,944 270,336 72,976 20,381 57,816 742,104 89,144 41,726 74,256 9,944

1,473,035 2,404,728 3,220,982 7,646,270 3,071,409 3,020,314 2,195,803 41,443,076 4,273,172 5,419,378 5,313,550 1,022,205 80,503,922

36,080 126,632 2,185,416 24,640

1,347,582 5,778,310 12,890,785 859,624 20,876,301

FINLAND — 0.88% Elisa OYJ Kone OYJ Class B Nokia OYJ Orion OYJ Class B

305

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April 30, 2016 Security

FRANCE — 8.05% Accor SA Aeroports de Paris Air Liquide SA Airbus Group SE Alstom SAa Arkema SA Atos SE Bollore SA Bureau Veritas SA Capgemini SA Carrefour SA Christian Dior SE Danone SA Dassault Systemes Essilor International SA Eurazeo SA Groupe Eurotunnel SE Registered Hermes International Iliad SA Ingenico Group SA JCDecaux SA Kering Klepierre L’Oreal SA Legrand SA LVMH Moet Hennessy Louis Vuitton SE Numericable-SFR SA Pernod Ricard SA Peugeot SAa Publicis Groupe SA Remy Cointreau SA Safran SA Societe BIC SA Sodexo SA STMicroelectronics NV Thales SA Valeo SA Zodiac Aerospace GERMANY — 8.93% adidas AG

306

Shares

Value

79,640 $ 3,528,677 1,451,074 11,528 130,152 14,757,882 14,013,649 224,048 1,480,346 57,907 25,608 2,043,722 2,952,073 33,176 321,024 1,272,189 2,326,301 98,120 62,040 5,793,316 5,918,421 208,824 3,570,396 20,328 222,904 15,616,883 3,799,973 48,576 77,352 10,015,673 1,041,793 14,790 2,258,872 176,880 3,583,409 10,060 2,192,894 10,032 20,592 2,429,259 1,251,937 28,336 9,856 1,689,334 3,937,215 83,690 17,423,591 96,008 103,488 5,895,678 17,549,685 105,600 41,635 1,363,122 8,685,332 80,432 167,288 2,692,983 5,289,454 71,456 774,363 9,328 118,633 8,175,673 1,524,148 10,736 35,640 3,599,938 952,610 155,056 39,864 3,447,195 4,730,569 29,832 1,816,048 77,440 190,845,677 79,464

10,248,182

Security Axel Springer SE Bayer AG Registered Beiersdorf AG Brenntag AG Continental AG Daimler AG Registered Deutsche Boerse AG Deutsche Lufthansa AG Registered Deutsche Telekom AG Registered Deutsche Wohnen AG Bearer Fraport AG Frankfurt Airport Services Worldwide Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA GEA Group AG HeidelbergCement AG Henkel AG & Co. KGaA HUGO BOSS AG Infineon Technologies AG Lanxess AG Linde AG MAN SE Merck KGaA Osram Licht AG ProSiebenSat.1 Media SE Registered QIAGEN NVa SAP SE Symrise AG Telefonica Deutschland Holding AG ThyssenKrupp AG United Internet AG Registeredb Vonovia SE Zalando SEa,c HONG KONG — 3.06% AIA Group Ltd. ASM Pacific Technology Ltd. Cheung Kong Infrastructure Holdings Ltd.

Shares

Value

8,008 $ 447,225 312,752 36,089,690 38,192 3,427,716 58,696 3,442,717 41,624 9,143,878 126,984 8,826,817 72,776 5,975,645 88,616 1,376,290 1,227,072 21,481,940 128,568 3,938,343 16,280 83,072 144,848 69,168 55,176 38,984 25,256 425,656 35,288 69,960 13,552 48,928 34,408 82,808 82,456 373,120 46,728 279,928 139,656 46,376 62,582 32,560

985,643 7,207,345 10,538,068 3,207,680 4,903,362 3,961,821 1,610,941 6,057,496 1,845,646 10,689,161 1,470,688 4,599,175 1,796,073 4,222,459 1,848,209 29,196,742 3,096,661 1,421,608 3,248,684 2,264,631 2,106,266 1,079,247 211,756,049

4,540,800 88,000 264,000

27,336,585 635,281 2,496,313

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April 30, 2016 Security

Cheung Kong Property Holdings Ltd. Galaxy Entertainment Group Ltd. Henderson Land Development Co. Ltd. HKT Trust & HKT Ltd. Hong Kong & China Gas Co. Ltd. Hong Kong Exchanges and Clearing Ltd. Li & Fung Ltd.d Link REIT Melco Crown Entertainment Ltd. ADRd MGM China Holdings Ltd. MTR Corp. Ltd. Shangri-La Asia Ltd. Techtronic Industries Co. Ltd. WH Group Ltd.a,c Wynn Macau Ltd. IRELAND — 0.94% Bank of Irelanda CRH PLC Kerry Group PLC Class A Paddy Power Betfair PLC Ryanair Holdings PLC ADR

Shares

Value

1,012,000 $ 6,946,965 880,000 2,972,207 2,752,868 440,300 968,000 1,402,609 4,929,726 2,640,944 431,200 10,911,741 704,400 436,777 5,348,837 880,000 35,640 527,472 494,612 352,000 264,000 1,306,863 646,759 528,666 1,984,118 528,000 792,000 641,180 805,899 563,200 72,576,812 10,316,328 309,232 59,664 30,473 9,921

3,131,187 8,985,514 5,321,334 4,085,306 803,105 22,326,446

ISRAEL — 0.65% Azrieli Group Ltd. Check Point Software Technologies Ltd.a,d Mobileye NVa,d NICE-Systems Ltd. Taro Pharmaceutical Industries Ltd.a,d Teva Pharmaceutical Industries Ltd.

14,520 25,520 30,624 21,296 2,728 172,572

577,299 2,114,842 1,168,306 1,371,616 381,211 9,713,966 15,327,240

ITALY — 1.56% Atlantia SpA EXOR SpA Ferrari NVa

103,488 41,712 47,608

2,882,648 1,567,014 2,144,033

Security Fiat Chrysler Automobiles NVd Finmeccanica SpAa Intesa Sanpaolo SpA Luxottica Group SpA Prysmian SpA Saipem SpAa Telecom Italia SpA/Milanoa UniCredit SpA Unione di Banche Italiane SpA JAPAN — 23.07% ABC-Mart Inc. Acom Co. Ltd.a Aeon Co. Ltd. AEON Financial Service Co. Ltd. Aeon Mall Co. Ltd. Air Water Inc. Ajinomoto Co. Inc. Alps Electric Co. Ltd. ANA Holdings Inc. Asahi Group Holdings Ltd. ASICS Corp. Astellas Pharma Inc. Bandai Namco Holdings Inc. Benesse Holdings Inc. Calbee Inc. Casio Computer Co. Ltd.d Central Japan Railway Co. Chugai Pharmaceutical Co. Ltd. Credit Saison Co. Ltd. Dai-ichi Life Insurance Co. Ltd. (The) Daicel Corp. Daikin Industries Ltd. Daito Trust Construction Co. Ltd. Denso Corp. Dentsu Inc. Don Quijote Holdings Co. Ltd. East Japan Railway Co. Fast Retailing Co. Ltd. Fuji Electric Co. Ltd. Fuji Heavy Industries Ltd. Fujitsu Ltd.

Shares

Value

341,924 $ 2,745,273 116,955 1,477,516 4,808,144 13,326,952 65,472 3,567,194 74,008 1,745,312 2,370,666 1,134,971 1,597,050 1,554,803 906,224 3,502,020 342,760 1,453,331 37,101,067 8,800 158,400 123,200 35,200 26,410 54,000 209,000 70,400 440,000 149,600 61,600 792,000 70,400 17,600 26,400 79,200 54,500 88,000 61,600 202,400 110,000 88,000 26,400 184,800 79,200 44,000 126,200 19,800 176,000 220,000 704,000

588,887 861,618 1,892,417 814,573 377,903 840,824 4,990,841 1,309,370 1,266,601 4,906,270 1,272,934 11,081,116 1,539,661 510,753 1,067,153 1,565,568 9,899,598 3,092,481 1,173,333 2,589,706 1,423,898 7,306,809 3,823,244 7,342,257 4,197,056 1,634,656 11,587,353 5,400,841 781,345 7,640,731 2,571,365

307

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April 30, 2016 Security

Shares

GungHo Online Entertainment Inc.d Hakuhodo DY Holdings Inc. Hamamatsu Photonics KK Hankyu Hanshin Holdings Inc. Hikari Tsushin Inc. Hino Motors Ltd. Hirose Electric Co. Ltd. Hisamitsu Pharmaceutical Co. Inc. Hitachi Chemical Co. Ltd. Hitachi Metals Ltd. Hoshizaki Electric Co. Ltd. Hoya Corp. Hulic Co. Ltd. IHI Corp. Iida Group Holdings Co. Ltd. Isetan Mitsukoshi Holdings Ltd. J Front Retailing Co. Ltd. Japan Airport Terminal Co. Ltd.d Japan Exchange Group Inc. Japan Tobacco Inc. JGC Corp. JTEKT Corp. Kajima Corp. Kakaku.com Inc. Kaneka Corp. Kansai Paint Co. Ltd. Kao Corp. Kawasaki Heavy Industries Ltd. KDDI Corp. Keihan Holdings Co. Ltd. Keikyu Corp. Keio Corp. Keisei Electric Railway Co. Ltd. Keyence Corp. Kikkoman Corp. Kintetsu Group Holdings Co. Ltd. Koito Manufacturing Co. Ltd. Konami Holdings Corp. Konica Minolta Inc. Kose Corp. Kubota Corp. Kuraray Co. Ltd.

149,600 $ 402,681 88,000 1,034,665 1,522,389 52,800 176,000 1,143,231 677,714 8,800 444,955 44,000 8,845 1,116,837 430,151 8,800 26,400 462,885 937,614 88,000 17,600 1,524,856 6,308,168 158,400 1,176,130 114,400 528,000 1,209,028 1,031,869 52,800 70,400 779,042 1,213,223 96,800 660,442 17,600 3,308,297 211,200 413,600 17,511,173 88,000 1,549,530 1,059,257 79,200 352,000 2,253,563 983,508 52,800 766,541 88,000 88,000 1,597,234 193,600 11,066,476 528,000 1,559,400 9,643,688 325,600 176,000 1,302,790 1,633,422 176,000 1,976,889 218,059 88,000 1,252,619 17,687 11,102,004 53,000 1,751,063 2,960,886 704,000 44,000 1,990,373 1,130,072 35,200 1,512,684 167,200 8,800 843,853 6,824,431 440,000 88,000 1,156,391

308

Value

Security Kurita Water Industries Ltd. Kyowa Hakko Kirin Co. Ltd. Kyushu Electric Power Co. Inc. Lawson Inc. LIXIL Group Corp. M3 Inc. Mabuchi Motor Co. Ltd. Makita Corp. Marubeni Corp. Marui Group Co. Ltd. Mazda Motor Corp. McDonald’s Holdings Co. Japan Ltd.d Medipal Holdings Corp. MEIJI Holdings Co. Ltd. Minebea Co. Ltd. Miraca Holdings Inc. Mitsubishi Chemical Holdings Corp. Mitsubishi Estate Co. Ltd. Mitsubishi Heavy Industries Ltd. Mitsubishi Logistics Corp. Mitsui Chemicals Inc. Mitsui Fudosan Co. Ltd. Mixi Inc. MS&AD Insurance Group Holdings Inc. Murata Manufacturing Co. Ltd. Nabtesco Corp. Nagoya Railroad Co. Ltd. NEC Corp. Nexon Co. Ltd. NGK Insulators Ltd. NGK Spark Plug Co. Ltd. NH Foods Ltd. Nidec Corp. Nikon Corp. Nintendo Co. Ltd. Nippon Paint Holdings Co. Ltd. Nisshin Seifun Group Inc. Nissin Foods Holdings Co. Ltd. Nitori Holdings Co. Ltd. Nitto Denko Corp. Nomura Real Estate Master Fund Inc.

Shares

Value

26,400 $ 651,888 57,000 1,056,947 167,200 1,737,711 12,400 985,093 96,800 2,082,654 70,400 1,980,504 17,600 924,454 44,000 2,845,740 316,800 1,735,375 88,000 1,392,439 202,400 3,300,031 17,600 438,869 26,400 434,017 46,200 3,704,809 101,000 867,508 8,800 386,971 264,000 1,435,536 465,000 9,217,861 1,144,000 4,250,105 30,000 425,347 352,000 1,223,833 355,500 9,054,045 17,600 621,786 70,400 1,953,198 74,600 10,315,501 44,000 1,031,375 176,000 908,005 623,000 1,572,130 52,800 821,152 88,000 1,903,192 70,400 1,481,101 34,000 772,503 88,000 6,731,903 132,000 1,987,495 39,000 5,524,043 52,800 1,456,756 44,000 739,810 8,800 417,814 26,400 2,536,492 62,400 3,520,224 1,320 2,096,061

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Shares

Value

Nomura Research Institute Ltd. NTT Data Corp. NTT Urban Development Corp. Obayashi Corp. Obic Co. Ltd. Odakyu Electric Railway Co. Ltd. Oji Holdings Corp. Olympus Corp. Omron Corp. Ono Pharmaceutical Co. Ltd. Oracle Corp. Japan Oriental Land Co. Ltd./Japan Otsuka Corp. Panasonic Corp. Park24 Co. Ltd. Rakuten Inc. Recruit Holdings Co. Ltd. Rinnai Corp. Rohm Co. Ltd. Ryohin Keikaku Co. Ltd. Sanrio Co. Ltd.d Santen Pharmaceutical Co. Ltd. Secom Co. Ltd. Seibu Holdings Inc. Seven & I Holdings Co. Ltd. Seven Bank Ltd. Shikoku Electric Power Co. Inc. Shimadzu Corp. Shimamura Co. Ltd. Shimano Inc. Shimizu Corp. Shin-Etsu Chemical Co. Ltd. Shionogi & Co. Ltd. Shiseido Co. Ltd. SMC Corp./Japan SoftBank Group Corp. Sohgo Security Services Co. Ltd. Sompo Japan Nipponkoa Holdings Inc. Sony Corp. Sony Financial Holdings Inc. Stanley Electric Co. Ltd. Sumitomo Chemical Co. Ltd.

46,900 $ 1,705,136 44,000 2,360,484 171,731 17,600 264,000 2,667,265 1,433,562 26,400 1,962,409 176,000 264,000 1,117,734 4,288,350 105,600 70,400 2,342,390 7,234,721 155,500 17,600 972,158 5,256,320 74,000 875,106 17,600 536,800 4,988,961 1,014,926 35,200 352,000 4,015,290 1,685,238 52,800 803,552 8,800 806,019 17,600 2,029,029 8,800 8,800 178,147 2,100,255 140,800 52,800 4,167,447 960,643 44,000 281,600 11,956,716 237,600 1,045,933 894,188 70,400 88,000 1,393,261 1,219,721 8,800 29,700 4,463,536 2,425,459 264,000 9,183,188 158,400 114,400 6,033,546 3,065,751 132,000 20,200 5,162,568 360,800 20,192,256 26,400 1,514,987 2,418,468 88,000 475,200 12,338,012 70,449 915,221 1,131,058 52,800 616,000 2,913,183

Security

Shares

Value

Sumitomo Dainippon Pharma Co. Ltd. Sumitomo Realty & Development Co. Ltd. Suntory Beverage & Food Ltd. Suruga Bank Ltd. Suzuken Co. Ltd./Aichi Japan Suzuki Motor Corp. Sysmex Corp. Taiheiyo Cement Corp. Taisei Corp. Taiyo Nippon Sanso Corp. TDK Corp. Teijin Ltd. Terumo Corp. Tobu Railway Co. Ltd. Toho Co. Ltd./Tokyo Toho Gas Co. Ltd. Tohoku Electric Power Co. Inc. Tokyo Electric Power Co. Holdings Inc.a Tokyo Tatemono Co. Ltd. Tokyu Corp. Tokyu Fudosan Holdings Corp. TonenGeneral Sekiyu KK Toray Industries Inc. TOTO Ltd. Toyo Seikan Group Holdings Ltd. Toyo Suisan Kaisha Ltd. Toyota Motor Corp. Trend Micro Inc./Japan Unicharm Corp. USS Co. Ltd. West Japan Railway Co. Yahoo Japan Corp. Yakult Honsha Co. Ltd. Yamada Denki Co. Ltd. Yamaha Corp. Yamaha Motor Co. Ltd. Yamato Holdings Co. Ltd. Yamazaki Baking Co. Ltd. Yaskawa Electric Corp. Yokogawa Electric Corp.

61,600 $ 819,261 133,000 4,033,693 52,800 2,363,774 61,600 1,243,572 8,800 314,594 140,800 4,046,544 52,800 3,454,367 440,000 1,200,804 440,000 3,076,032 61,600 591,273 52,800 3,247,105 352,000 1,306,080 114,400 4,517,407 176,000 924,454 44,000 1,155,568 176,000 1,233,703 176,000 2,316,071 281,600 1,552,820 35,500 483,752 264,000 2,341,567 105,600 748,117 88,000 861,124 528,000 4,573,088 52,800 1,877,695 61,600 1,263,723 17,600 641,525 360,800 19,065,968 26,400 1,032,609 140,800 3,016,814 88,000 1,442,609 61,600 3,844,711 536,800 2,488,460 35,200 1,812,720 249,000 1,279,966 61,600 1,842,329 96,800 1,674,628 132,000 2,749,923 27,000 659,134 88,000 1,078,256 79,200 892,707 547,157,936

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NETHERLANDS — 4.28% AerCap Holdings NVa,d Akzo Nobel NV Altice NV Class Aa,d Altice NV Class Ba ASML Holding NV Gemalto NV Heineken Holding NV Heineken NV Koninklijke Ahold NV Koninklijke KPN NV Koninklijke Philips NV NXP Semiconductors NVa OCI NVa Randstad Holding NV RELX NV TNT Express NVa Unilever NV CVA Wolters Kluwer NV

Shares

Value

12,056 $ 482,361 6,649,644 93,808 146,521 2,223,585 536,676 35,112 12,615,494 130,504 29,832 1,940,746 3,138,914 38,016 87,296 8,183,725 6,913,238 317,680 427,504 1,681,918 9,886,363 359,656 4,381,089 51,373 33,000 652,557 2,585,992 48,136 381,040 6,395,793 1,718,581 189,288 27,102,661 616,792 4,348,015 114,224 101,437,352

NEW ZEALAND — 0.17% Auckland International Airport Ltd. Contact Energy Ltd. Ryman Healthcare Ltd. Spark New Zealand Ltd.

358,600 156,409 139,656 441,936

1,542,119 555,594 872,054 1,146,478 4,116,245

NORWAY — 0.08% Orkla ASA Schibsted ASA Schibsted ASA Class Ba

109,736 20,064 15,488

958,036 585,299 440,269 1,983,604

PORTUGAL — 0.08% Banco Comercial Portugues SA Registereda,d Jeronimo Martins SGPS SA

8,708,216 97,240

385,992 1,591,531 1,977,523

SINGAPORE — 1.30% Ascendas REIT CapitaLand Ltd. City Developments Ltd. ComfortDelGro Corp. Ltd. DBS Group Holdings Ltd. Genting Singapore PLC

529,627 985,600 149,600 836,000 660,000 2,252,800

969,370 2,280,582 928,287 1,797,582 7,503,292 1,366,044

310

Security Global Logistic Properties Ltd. Oversea-Chinese Banking Corp. Ltd. Singapore Airlines Ltd. Singapore Exchange Ltd. Singapore Press Holdings Ltd. Singapore Technologies Engineering Ltd. Singapore Telecommunications Ltd. StarHub Ltd.

Shares

1,196,800 $ 1,705,198 413,600 2,698,763 211,200 1,807,076 294,200 1,648,247 147,000 444,046 607,200 1,454,696 1,980,000 5,686,396 228,800 563,467 30,853,046

SPAIN — 2.43% Abertis Infraestructuras SA 201,608 ACS Actividades de Construccion y Servicios SA 37,188 Aena SAa,c 25,784 Amadeus IT Holding SA Class A 166,320 Banco Bilbao Vizcaya Argentaria SA 1,234,416 Banco de Sabadell SA 1,929,866 Banco de Sabadell SA Newa 56,087 Banco Popular Espanol SA 429,268 Bankinter SA 258,720 CaixaBank SA 656,825 Distribuidora Internacional de 229,328 Alimentacion SA Ferrovial SA 64,680 Grifols SA 113,696 Industria de Diseno Textil SA 415,536 International Consolidated Airlines Group SA 314,248 Red Electrica Corp. SA 34,484 Zardoya Otis SA 37,192 SWEDEN — 3.09% Alfa Laval AB Assa Abloy AB Atlas Copco AB Class A Atlas Copco AB Class B Boliden AB Electrolux AB Class B Getinge AB Class B Hennes & Mauritz AB Class B

Value

111,496 380,688 255,552 143,000 101,024 91,432 76,648 359,832

3,400,174 1,229,880 3,678,172 7,570,252 8,458,991 3,689,109 107,215 1,167,697 1,972,338 1,977,781 1,272,854 1,391,986 2,473,560 13,342,807 2,416,888 3,079,521 394,882 57,624,107 1,759,487 7,991,057 6,619,388 3,434,873 1,762,973 2,655,505 1,622,301 12,805,569

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Shares

Hexagon AB Class B ICA Gruppen AB Investment AB Kinnevik Class B Investor AB Class B Lundin Petroleum ABa Millicom International Cellular SA SDR Securitas AB Class B Svenska Cellulosa AB SCA Class B Swedish Match AB Volvo AB Class B

98,208 $ 3,919,775 10,208 335,540 2,541,491 88,264 170,808 6,274,532 1,577,180 84,128 1,476,018 25,520 117,480 1,856,847 7,320,890 232,232 75,328 2,391,544 6,836,236 583,440 73,181,206

SWITZERLAND — 11.67% Actelion Ltd. Registered Barry Callebaut AG Registered Chocoladefabriken Lindt & Sprungli AG Participation Certificates Chocoladefabriken Lindt & Sprungli AG Registered Cie. Financiere Richemont SA Class A Registered Dufry AG Registereda,d EMS-Chemie Holding AG Registered Galenica AG Registered Geberit AG Registered Givaudan SA Registered Julius Baer Group Ltd. Kuehne + Nagel International AG Registered LafargeHolcim Ltd. Registered Lonza Group AG Registered Nestle SA Registered Novartis AG Registered Partners Group Holding AG Roche Holding AG Schindler Holding AG Participation Certificates Schindler Holding AG Registered SGS SA Registered Sika AG Bearer Sonova Holding AG Registered

Value

38,544 792

6,232,989 931,230

440

2,694,627

37

2,709,473

197,560 15,202 3,080 1,496 14,432 3,520 55,618

13,150,055 2,001,557 1,523,933 2,188,202 5,545,441 6,940,845 2,379,650

20,768 171,382 19,800 783,640 558,360 6,248 265,584 17,512 7,040 2,112 792 19,888

2,994,405 8,684,428 3,296,901 58,456,192 42,641,578 2,574,815 67,192,614 3,191,806 1,294,890 4,651,468 3,373,747 2,660,033

Security Swatch Group AG (The) Bearerd Swatch Group AG (The) Registered UBS Group AG UNITED KINGDOM — 16.07% Aggreko PLC Antofagasta PLC ARM Holdings PLC Ashtead Group PLC Associated British Foods PLC Auto Trader Group PLCc Babcock International Group PLC Barratt Developments PLC Berkeley Group Holdings PLC British American Tobacco PLC BT Group PLC Bunzl PLC Burberry Group PLC Capita PLC Carnival PLC Coca-Cola HBC AGa Compass Group PLC Croda International PLC Diageo PLC Dixons Carphone PLC easyJet PLC Experian PLC Fresnillo PLC G4S PLC GKN PLC Hargreaves Lansdown PLC Inmarsat PLC InterContinental Hotels Group PLC Intertek Group PLC Investec PLC ITV PLC Johnson Matthey PLC Land Securities Group PLC Legal & General Group PLC London Stock Exchange Group PLC

Shares

Value

11,968 $ 4,090,471 17,952 1,200,546 1,395,240 24,163,781 276,765,677 94,794 46,112 532,400 191,752 134,992 357,942 92,974 378,136 48,840 705,496 3,203,904 126,984 168,256 251,416 71,192 75,012 622,776 50,776 951,632 366,168 60,192 364,672 82,896 376,816 324,808 99,792 170,192 89,597 61,336 70,576 1,455,168 73,138 148,280 1,452,880 118,976

1,509,450 326,399 7,311,687 2,549,147 6,059,057 1,966,311 1,290,473 2,949,687 2,142,796 43,096,190 20,801,158 3,792,927 2,930,628 3,686,678 3,542,705 1,538,392 11,121,000 2,239,636 25,734,101 2,280,772 1,298,822 6,682,947 1,351,565 1,039,964 1,326,087 1,879,944 2,317,378 3,581,833 2,926,452 540,713 4,800,537 3,093,130 2,458,880 4,748,294 4,728,435

311

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April 30, 2016 Security

Mediclinic International PLC Merlin Entertainments PLCc Mondi PLC Next PLC Persimmon PLC Provident Financial PLC Prudential PLC Randgold Resources Ltd. Reckitt Benckiser Group PLC RELX PLC SABMiller PLC Sage Group PLC (The) Schroders PLC Severn Trent PLC Shire PLC Sky PLC Smith & Nephew PLC Sports Direct International PLCa St. James’s Place PLC Taylor Wimpey PLC Tesco PLCa Travis Perkins PLC TUI AG Unilever PLC United Utilities Group PLC Whitbread PLC Wolseley PLC Worldpay Group PLCa,c WPP PLC

Shares 141,630 265,324 139,656 54,560 115,280 55,264 980,936 35,155 240,944 420,376 367,224 408,760 46,288 31,592 226,072 388,960 337,656 99,352 196,416 1,238,424 3,085,192 93,456 188,496 485,232 260,568 68,992 96,888 528,352 496,056

TOTAL COMMON STOCKS (Cost: $2,058,486,357)

Value $

1,877,639 1,677,126 2,675,935 4,064,186 3,355,522 2,359,066 19,363,226 3,486,455 23,485,899 7,451,291 22,513,073 3,544,854 1,704,676 1,030,637 14,111,286 5,347,459 5,717,953 560,623 2,494,619 3,343,513 7,778,061 2,529,982 2,736,428 21,711,900 3,586,131 3,913,293 5,423,196 2,065,762 11,597,700 381,151,666

TOTAL PREFERRED STOCKS (Cost: $6,546,299)

312

Shares

MONEY MARKET FUNDS — 0.74% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g 15,944,847 BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g 869,990 BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f 640,277 TOTAL SHORT-TERM INVESTMENTS (Cost: $17,455,114) TOTAL INVESTMENTS IN SECURITIES — 100.09% (Cost: $2,082,487,770) Other Assets, Less Liabilities — (0.09)% NET ASSETS — 100.00%

1,106,921 7,756,147 8,863,068 8,863,068

$

15,944,847 869,990 640,277 17,455,114 17,455,114

2,373,563,045 (2,141,406) $2,371,421,639

ADR — American Depositary Receipts SDR — Swedish Depositary Receipts a b c d e f

Non-income earning security. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

25,872 67,936

Value

SHORT-TERM INVESTMENTS — 0.74%

g

2,347,244,863

PREFERRED STOCKS — 0.37% GERMANY — 0.37% Fuchs Petrolub SE Henkel AG & Co. KGaA

Security

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For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 98.91%

AUSTRALIA — 5.65% Abacus Property Group Adelaide Brighton Ltd. AET&D Holdings No. 1 Pty Ltd.a Ainsworth Game Technology Ltd. ALS Ltd. Altium Ltd. Ansell Ltd. APN News & Media Ltd.a ARB Corp. Ltd.b Ardent Leisure Group Arrium Ltd.a,b Asaleo Care Ltd. Austal Ltd. Australian Agricultural Co. Ltd.a,b Australian Pharmaceutical Industries Ltd. Automotive Holdings Group Ltd. Aveo Group AWE Ltd.a,b Beach Energy Ltd. Bellamy’s Australia Ltd.b Billabong International Ltd.a BlueScope Steel Ltd. Breville Group Ltd. Broadspectrum Ltd.a BT Investment Management Ltd. Burson Group Ltd. BWP Trust Cabcharge Australia Ltd.b Cardno Ltd.b carsales.com Ltd. Cedar Woods Properties Ltd. Charter Hall Group Charter Hall Retail REIT Cleanaway Waste Management Ltd. Corporate Travel Management Ltd.b Costa Group Holdings Ltd.

799,992 $1,935,330 1,542,532 6,086,039 1 169,200 396,202 704,503 1,355,000 4,839,441 275,336 1,292,255 475,334 7,229,632 3,274,222 1,549,208 209,212 2,573,722 1,364,214 2,259,187 18,421,369 141 977,815 650,400 953,047 800,534 1,757,222 1,924,370 970,180 1,451,170 684,004 2,046,231 1,389,146 3,625,635 2,694,622 1,429,199 4,386,134 2,476,987 172,356 1,324,543 623,300 646,913 1,585,892 7,830,472 331,162 2,079,938 1,581,556 1,786,308 432,516 3,264,439 508,396 1,932,153 1,642,260 4,386,519 465,036 1,142,753 508,217 599,952 667,202 5,987,902 313,645 96,476 536,038 1,959,481 1,112,184 4,040,114 4,696,972 2,831,751 108,400 1,179,665 520,320 1,179,335

Security Cover-More Group Ltd.b Credit Corp. Group Ltd.b Cromwell Property Group CSR Ltd. CuDeco Ltd.a,b Dick Smith Holdings Ltd. a Domino’s Pizza Enterprises Ltd. Donaco International Ltd.a Downer EDI Ltd. DuluxGroup Ltd. Eclipx Group Ltd. Energy World Corp. Ltd.a,b ERM Power Ltd. Estia Health Ltd. Evolution Mining Ltd. Fairfax Media Ltd. FlexiGroup Ltd./Australia G8 Education Ltd.b Gateway Lifestyle GDI Property Group Genworth Mortgage Insurance Australia Ltd. GrainCorp Ltd. Class A Greencross Ltd.b GUD Holdings Ltd. GWA Group Ltd. Independence Group NLb Investa Office Fund Invocare Ltd. IOOF Holdings Ltd. IPH Ltd. Iress Ltd. iSentia Group Ltd. Jacana Minerals Ltd.a,b Japara Healthcare Ltd. JB Hi-Fi Ltd. Karoon Gas Australia Ltd.a,b Macquarie Atlas Roads Group Magellan Financial Group Ltd. Mantra Group Ltd. Mayne Pharma Group Ltd.a,b McMillan Shakespeare Ltd. Metals X Ltd. Metcash Ltd.a,b Monadelphous Group Ltd.b

Shares

Value

1,074,244 $1,147,733 203,250 1,569,716 4,020,494 3,129,606 1,500,798 3,917,043 409,190 345,062 732,050 6 198,372 9,387,547 1,513,806 519,868 1,185,354 3,365,124 1,091,588 5,331,492 256,516 579,450 3,556,412 515,675 549,898 600,106 283,466 1,250,371 2,695,908 4,032,470 6,685,028 4,055,836 751,754 1,371,146 884,544 2,652,907 367,785 788,697 1,772,340 1,169,966 545,110 994,242 609,208 3,807,672 224,388 1,217,529 292,680 1,907,484 853,366 1,504,379 1,383,185 3,230,069 2,009,736 6,395,656 371,270 3,473,684 824,382 5,624,398 207,044 1,093,399 371,270 3,298,017 544,710 1,508,975 52,407 — 539,290 1,164,713 307,856 5,161,640 888,338 989,786 1,091,588 4,056,932 323,574 5,309,115 687,798 1,942,105 1,848,762 1,968,182 236,312 2,214,594 1,325,732 1,042,085 2,570,164 3,452,101 234,707 1,364,869

313

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April 30, 2016 Security

Myer Holdings Ltd.b MYOB Group Ltd. Navitas Ltd. NEXTDC Ltd.a,b Nine Entertainment Co. Holdings Ltd. Northern Star Resources Ltd. Nufarm Ltd./Australia Orora Ltd. OZ Minerals Ltd. OzForex Group Ltd.b Pacific Brands Ltd. Pact Group Holdings Ltd. Paladin Energy Ltd.a,b Perpetual Ltd. Premier Investments Ltd. Primary Health Care Ltd. Programmed Maintenance Services Ltd. Qube Holdings Ltd.b RCG Corp. Ltd.b Regis Healthcare Ltd. Regis Resources Ltd. Retail Food Group Ltd.b SAI Global Ltd. Sandfire Resources NL Select Harvests Ltd. Seven West Media Ltd. SG Fleet Group Ltd. Shopping Centres Australasia Property Group Sigma Pharmaceuticals Ltd. Sims Metal Management Ltd. Sirtex Medical Ltd. Southern Cross Media Group Ltd. Spotless Group Holdings Ltd. St. Barbara Ltd.a Star Entertainment Grp Ltd. (The) Steadfast Group Ltd.b Super Retail Group Ltd. Syrah Resources Ltd.a,b Tassal Group Ltd. Technology One Ltd.

314

Shares

Value

2,378,493 $1,878,678 361,514 938,024 600,536 2,346,492 769,098 1,690,379 1,571,258 1,354,990 1,650,932 4,875,848 560,970 3,005,293 3,257,962 6,563,870 852,024 3,823,307 795,114 1,310,669 3,657,645 3,196,076 509,480 2,014,035 6,460,098 1,306,457 120,866 3,943,214 275,878 3,347,528 1,428,170 3,781,982 806,538 721,402 1,768,546 3,360,669 902,705 863,406 271,000 1,054,750 1,071,072 2,370,428 449,318 1,885,934 660,868 1,840,847 529,534 2,396,396 264,696 1,016,074 2,819,484 2,280,791 831,950 315,986 1,351,206 2,412,945 4,660,933 3,912,691 479,670 3,470,251 173,982 3,948,711 1,967,460 1,621,585 2,517,590 2,488,083 1,358,794 2,405,756 2,240,086 9,658,800 2,296,996 3,295,552 439,562 2,837,923 658,689 2,377,670 943,080 2,806,876 478,044 1,780,319

Security Ten Network Holdings Ltd.a,b TFS Corp. Ltd.b Tox Free Solutions Ltd. Village Roadshow Ltd. Virtus Health Ltd. Western Areas Ltd.b WorleyParsons Ltd. AUSTRIA — 0.97% ams AG Austria Technologie & Systemtechnik AG BUWOG AG CA Immobilien Anlagen AG Conwert Immobilien Invest SEa EVN AG FACC AGa IMMOFINANZ AGa Kapsch TrafficCom AG Lenzing AG Oesterreichische Post AG Palfinger AG RHI AG S IMMO AG Schoeller-Bleckmann Oilfield Equipment AG UNIQA Insurance Group AG Wienerberger AG Zumtobel Group AG BELGIUM — 1.79% Ablynx NVa,b Ackermans & van Haaren NV Aedifica SA AGFA-Gevaert NVa Barco NV Befimmo SA Bekaert SAb bpost SA Cie. d’Entreprises CFE Cofinimmo SA D’ieteren SA/NV Econocom Group SA/NV Elia System Operator SA/NV

Shares 1,078,849 $ 1,165,842 590,780 235,770 376,148 750,128 689,424

Value 782,158 1,387,952 1,302,968 946,421 1,940,508 1,431,151 3,677,677 312,809,429

198,914 56,368 106,232 205,960 295,954 81,300 38,482 1,996,728 7,182 23,848 130,223 5,420 112,194 674,318

5,260,793 779,897 2,236,345 3,934,748 4,687,965 976,331 220,377 4,708,833 246,818 1,848,358 5,087,535 166,679 2,413,255 6,618,866

43,949 326,284 384,278 115,988

2,964,344 2,355,863 7,594,488 1,510,468 53,611,963

104,344 92,140 75,035 699,180 56,910 62,330 108,400 280,214 9,756 58,617 65,040 200,239 110,026

1,576,939 11,999,045 5,297,421 2,777,994 3,975,440 4,165,585 4,769,448 7,906,429 968,341 7,284,359 2,880,292 2,158,124 5,690,353

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April 30, 2016 Security

Shares

Euronav NV EVS Broadcast Equipment SA Exmar NVb Galapagos NVa,b Gimv NV Intervest Offices & Warehouses NVa Ion Beam Applications KBC Ancora Kinepolis Group NV Melexis NV Mobistar SAa Ontex Group NV Tessenderlo Chemie NVa Warehouses De Pauw CVA

274,160 $ 3,014,486 49,322 1,671,849 608,266 70,810 87,302 3,968,655 2,980,672 53,658 2,376,873 83,076 49,864 2,053,166 3,310,983 93,766 20,596 908,200 2,155,247 39,024 100,270 2,192,950 5,846,351 190,784 4,545,620 132,248 24,932 2,270,190 99,353,278

DENMARK — 1.56% ALK-Abello A/S Alm Brand A/S Amagerbanken A/Sa Ambu A/Sb Bang & Olufsen A/Sa,b Bavarian Nordic A/Sa D/S Norden A/Sa,b Dfds A/S FLSmidth & Co. A/Sb GN Store Nord A/S IC Group A/S Jyske Bank A/S Registered Matas A/S NKT Holding A/S PER Aarsleff A/S Rockwool International A/S Class B Royal Unibrew A/S Schouw & Co. SimCorp A/S Solar A/S Class B Spar Nord Bank A/S Sydbank A/S Topdanmark A/Sa TORM PLCb Zealand Pharma A/Sa

29,890 277,504 130,550 61,788 178,318 84,552 66,666 79,674 147,424 474,250 28,726 213,548 78,048 87,177 51,490 18,970 151,335 46,070 143,088 22,246 198,030 216,258 223,846 65,040 22,362

Value

4,857,246 2,062,608 — 2,129,866 1,934,570 3,226,828 1,168,499 3,181,663 5,726,085 9,326,924 972,519 8,744,614 1,489,305 4,967,706 1,422,288 3,161,521 6,837,474 2,694,028 6,434,039 1,143,401 1,615,128 6,116,710 5,924,859 825,724 443,916 86,407,521

Security FINLAND — 1.39% Amer Sports OYJ Cargotec OYJ Class B Caverion Corp. Citycon OYJ Cramo OYJ F-Secure OYJ Ferratum OYJ HKScan OYJ Class A Huhtamaki OYJ Kemira OYJ Kesko OYJ Class B Konecranes OYJ Metsa Board OYJ Oriola-KD OYJ Class B Outokumpu OYJa,b Outotec OYJa,b PKC Group OYJb Ramirent OYJ Sanoma OYJ Sponda OYJ Stockmann OYJ Abp Class Ba,b Technopolis OYJ Tieto OYJ Uponor OYJ Valmet OYJ YIT OYJ FRANCE — 4.37% AB Science SAa,b ABC Arbitrage Adociaa Air France-KLMa Akka Technologies Albioma SA Alten SA Altran Technologies SA APERAM SA Assystem Axway Software SA Boiron SA Bonduelle SCA BOURBON SAb Carmata,b

Shares

Value

355,010 $10,498,683 101,354 3,830,830 363,140 2,661,902 1,794,290 4,549,967 84,552 1,691,823 88,888 260,628 22,222 591,758 85,094 307,006 284,008 11,157,392 183,196 2,219,932 157,722 6,302,767 149,592 3,431,842 402,706 2,529,896 169,646 839,393 756,090 3,171,245 490,162 1,952,573 23,426 421,246 192,952 1,348,085 214,632 1,052,147 406,500 1,770,152 67,750 470,240 334,956 1,446,329 202,708 5,323,692 220,052 3,394,931 331,162 4,153,294 257,992 1,761,126 77,138,879 40,108 4,878 9,594 408,668 4,788 106,774 61,246 519,778 137,795 7,588 4,878 15,730 8,130 152,844 5,870

865,466 33,746 681,725 3,665,906 154,428 1,742,683 3,787,996 7,712,467 5,417,289 196,936 107,494 1,261,144 240,242 2,254,770 258,171

315

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April 30, 2016 Security

Shares

Cegedim SAa Cegid Group SA Cellectis SAa,b Coface SAa DBV Technologies SAa,b Derichebourg SA Eiffage SA Elior Groupc Elis SA Esso SA Francaisea Etablissements Maurel et Proma,b Euler Hermes Group Eurofins Scientific SE Europcar Groupe SAa,b,c Faiveley Transport SA Faurecia FFP GameLoft SEa,b Gaztransport Et Technigaz SA Genfita,b GL Events Groupe Fnac SAa Guerbet Haulotte Group SA Havas SA ID Logistics Groupa Innate Pharma SAa Interparfums SA Ipsen SA IPSOS Jacquet Metal Service Korian SA LISI Manitou BF SA Marie Brizard Wine & Spirits SAa Mercialys SA Mersen Metropole Television SA Naturexa,b Neopost SA Nexans SAa Nexity SA Oeneo SA

76,766 2,795 $ 14,092 997,468 1,772,443 63,894 239,022 1,929,760 3,929,074 57,452 1,813,790 569,645 162,600 12,930,214 4,029,622 187,390 175,608 3,225,160 121,463 2,678 418,604 1,682,862 3,555,204 37,398 28,887 10,721,424 219,510 2,546,841 943,585 8,672 179,944 7,433,982 1,382,171 17,886 2,252,421 265,754 2,574,894 69,376 1,758,901 51,490 3,794 72,917 1,878,354 32,520 17,344 1,141,241 2,643,775 169,104 3,676,265 439,208 4,806 577,978 1,804,730 124,660 4,274 113,080 5,314,927 87,804 104,064 3,098,931 2,257,372 151,783 3,176,441 100,812 26,016 744,637 160,198 9,214 95,934 1,838,258 1,811,589 81,300 28,726 459,960 2,673,635 140,920 1,507,749 17,886 46,368 1,135,440 4,062,784 87,262 102,982 5,523,616 148,317 17,886

316

Value

Security Orpea Parrot SAa,b Pierre & Vacances SAa Plastic Omnium SA Rallye SAb Rubis SCA Saft Groupe SA Sartorius Stedim Biotech SEB SA Seche Environnement SA Societe Television Francaise 1 Sopra Steria Group SPIE SAa Ste Industrielle d’Aviation Latecoere SAa Synergie SA Tarkett SA Technicolor SA Registered Teleperformance Trigano SA UBISOFT Entertainmenta Vallourec SAb Vicat SA Vilmorin & Cie SA Virbac SAb GERMANY — 5.78% Aareal Bank AG ADLER Real Estate AGa ADO Properties SAa,c ADVA Optical Networking SEa Alstria office REIT AG Amadeus Fire AG AURELIUS SE & Co KGaA Aurubis AG Bauer AG BayWa AGb Bechtle AG Bertrandt AGb Bijou Brigitte AG Bilfinger SE Borussia Dortmund GmbH & Co. KGaA BRAAS Monier Building Group SA

Shares

Value

149,081 $ 12,295,696 44,192 888,804 9,214 360,921 175,609 5,816,786 64,466 1,240,446 102,980 8,039,341 124,345 3,865,237 8,672 3,312,479 81,976 9,189,128 2,168 77,473 332,246 3,993,744 41,192 4,788,692 146,664 2,889,282 67,618 277,258 4,336 130,910 50,948 1,663,068 1,157,170 7,938,930 176,692 15,866,128 24,390 1,430,276 271,000 7,874,586 924,435 4,801,663 40,650 2,830,754 3,794 271,634 10,840 1,977,803 241,701,741 136,584 49,322 49,322 98,102 303,679 13,008 55,284 114,904 18,428 5,420 36,856 24,053 2,168 84,010 387,530 27,100

4,852,657 653,318 1,624,114 1,045,183 4,260,777 977,057 3,306,544 6,236,114 300,979 189,338 3,849,825 2,778,326 140,073 3,662,645 1,740,808 753,005

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April 30, 2016 Security

Shares

Value

CANCOM SEb Carl Zeiss Meditec AG Bearer CENTROTEC Sustainable AG CompuGroup Medical SE CTS Eventim AG & Co. KGaA Delticom AGb Deutsche Euroshop AG Deutsche Pfandbriefbank AGa,c DEUTZ AG Dialog Semiconductor PLCa DMG Mori AG Draegerwerk AG & Co. KGaA Drillisch AGb Duerr AG ElringKlinger AG Evotec AGa Freenet AG Gerresheimer AG Gesco AG GFT Technologies SE Grammer AG Grand City Properties SA GRENKELEASING AG Heidelberger Druckmaschinen AGa,b Indus Holding AG Init Innovation In Traffic Systems AGb Jenoptik AG KION Group AG Kloeckner & Co. SEb Krones AG KUKA AGb KWS Saat SE LEG Immobilien AG LEONI AGb Manz AGa,b MLP AG MorphoSys AGa,b MTU Aero Engines AG Nemetschek SE Nordex SEa,b NORMA Group SE OHB SEb PATRIZIA Immobilien AGa

49,864 $ 2,544,612 91,056 2,970,727 861,145 52,032 67,750 2,661,592 4,348,628 124,118 477,206 26,016 108,942 5,077,786 3,152,566 299,184 368,212 1,879,235 7,062,917 203,250 171,272 8,207,597 725,741 11,924 5,547,707 134,416 79,674 6,380,520 2,560,349 104,606 276,962 1,102,333 383,736 11,721,780 7,498,295 100,812 1,132,457 13,550 318,981 13,008 17,344 671,435 4,754,009 215,174 19,512 3,848,336 1,982,809 879,666 2,677,186 52,574 26,086 424,262 1,754,686 112,194 180,486 9,835,715 3,968,525 340,531 42,276 4,819,806 8,278,838 84,010 1,503,279 4,336 184,280 17,056,162 3,047,120 84,552 9,756 409,361 1,232,362 316,090 69,376 3,472,392 164,226 15,502,885 2,514,405 44,986 195,662 5,479,278 4,934,619 95,934 3,252 71,700 3,645,379 157,329

Security

Shares

Pfeiffer Vacuum Technology AG QSC AGb R Stahl AGb Rational AG Rheinmetall AG RHOEN-KLINIKUM AG RIB Software AGb SAF-Holland SA Salzgitter AG SGL Carbon SEa,b Sixt SE SLM Solutions Group AGa,b SMA Solar Technology AGa,b Software AG STADA Arzneimittel AG STRATEC Biomedical AG Stroeer SE & Co. KGaAb Suedzucker AG TAG Immobilien AG Takkt AG TLG Immobilien AG Vossloh AGa VTG AGb Wacker Chemie AG Wacker Neuson SE Wincor Nixdorf AGa Wirecard AGb XING AG zooplus AGa

30,894 $ 3,321,182 556,634 863,867 20,596 699,904 8,130 4,128,338 127,912 10,009,149 217,884 6,771,629 72,628 767,376 148,508 1,748,562 113,820 3,852,898 133,332 1,559,950 34,688 2,008,345 27,100 769,456 34,146 1,808,796 191,326 7,312,539 175,608 7,451,960 11,924 683,404 77,506 3,817,172 228,182 4,024,761 306,230 4,066,834 83,468 1,744,700 170,188 3,599,285 40,185 2,782,264 11,382 352,634 48,238 4,626,029 76,422 1,293,692 87,262 5,102,217 366,999 15,853,202 13,550 2,570,027 11,924 1,673,000 319,750,658

HONG KONG — 2.38% Bright Smart Securities & Commodities Group Ltd. Brightoil Petroleum Holdings Ltd.b Cafe de Coral Holdings Ltd. Cash Financial Services Group Ltd.a Champion REIT China Financial International Investments Ltd.a,b China LNG Group Ltd.b China Soft Power Technology Holdings Ltd.a China Strategic Holdings Ltd.a,b

Value

2,168,000 8,989,512 2,168,000 6,504,000 11,695,000

612,066 2,862,385 6,553,860 310,225 6,271,748

5,420,000 54,200,000

461,146 1,921,441

15,176,000 45,310,000

547,785 1,360,959

317

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April 30, 2016 Security

Chow Sang Sang Holdings International Ltd.b Citic Telecom International Holdings Ltd. CK Life Sciences International Holdings Inc.b CSI Properties Ltd.b Dah Sing Banking Group Ltd.b Dah Sing Financial Holdings Ltd. Daohe Global Group Ltd. Emperor Capital Group Ltd.b Emperor Watch & Jewellery Ltd.a,b Enerchina Holdings Ltd.a Esprit Holdings Ltd.a,b FIH Mobile Ltd.b Freeman Financial Corp. Ltd.a G-Resources Group Ltd. GCL New Energy Holdings Ltd.a,b Giordano International Ltd. Global Brands Group Holding Ltd.a Great Eagle Holdings Ltd. Guotai Junan International Holdings Ltd.b Haier Healthwise Holdings Ltd.a,b Haitong International Securities Group Ltd.b Hang Fat Ginseng Holdings Co. Ltd.b HKBN Ltd. Hopewell Holdings Ltd. Hutchison Telecommunications Hong Kong Holdings Ltd. Hybrid Kinetic Group Ltd.a,b IGG Inc.b IT Ltd.b Johnson Electric Holdings Ltd. Kerry Logistics Network Ltd. KuangChi Science Ltd.a,b Lai Sun Development Co. Ltd.b

318

Shares

Value

1,084,000 $1,760,738 4,336,000 1,805,456 14,366,000 1,370,448 934,301 30,710,000 1,084,000 1,934,017 433,600 2,970,897 10,840,000 1,076,007 861,388 9,684,000 373,109 16,260,000 14,448,000 596,009 5,697,300 4,994,281 7,375,000 3,165,930 593,900 10,840,000 87,911,400 2,017,252 15,996,000 793,902 5,420,000 2,452,457 16,650,000 1,974,682 542,000 2,200,923 8,672,000 2,906,616 336,093 8,548,000 5,420,000 3,137,189 11,190,000 124,058 2,439,000 3,005,832 1,626,000 5,491,827 7,588,000 38,340,000 1,626,000 1,084,000 1,441,250 1,355,000 3,794,000 69,257,665

2,660,671 1,201,029 708,488 268,303 4,263,998 1,910,960 1,819,430 1,035,669

Security Landing International Development Ltd.a,b Luk Fook Holdings International Ltd.b Man Wah Holdings Ltd. Mason Financial Holdings Ltd.a,b Mei Ah Entertainment Group Ltd.a Melco International Development Ltd.b Midland Holdings Ltd.a,b Newocean Energy Holdings Ltd. Orient Overseas International Ltd.b Pacific Textiles Holdings Ltd.b Playmates Toys Ltd.b Prosperity REIT Realord Group Holdings Ltd.a,b Sa Sa International Holdings Ltd.b Samson Holding Ltd. Shun Tak Holdings Ltd. Sincere Watch Hong Kong Ltd.a,b Singamas Container Holdings Ltd. SITC International Holdings Co. Ltd.b SmarTone Telecommunications Holdings Ltd. Summit Ascent Holdings Ltd.a,b Suncorp Technologies Ltd.a,b Television Broadcasts Ltd. Texwinca Holdings Ltd. Town Health International Medical Group Ltd.b Trinity Ltd.b Truly International Holdings Ltd. United Laboratories International Holdings Ltd. (The)a Value Partners Group Ltd.b VST Holdings Ltd. VTech Holdings Ltd.b

Shares

Value

42,750,000 $1,228,955 1,084,000 2,473,418 1,951,200 2,278,899 32,520,000 1,341,515 3,100,000 235,781 2,710,000 3,112,734 4,336,000 1,380,643 3,252,000 1,110,942 542,000 2,064,675 1,084,000 1,397,411 2,168,000 572,939 6,837,000 2,661,752 1,084,000 494,684 2,168,000 665,168 4,685,000 537,520 4,336,000 1,447,718 5,420,000 370,314 5,066,000 542,049 3,071,000 1,662,739 1,004,000 2,168,000 32,100,000 583,100 2,168,000

1,661,857 466,735 521,399 2,179,897 2,112,886

10,840,000 4,336,000 3,252,000

2,040,221 452,761 1,274,439

1,084,000 2,710,000 3,516,000 542,000

452,761 2,602,679 806,796 5,603,620

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April 30, 2016 Security

Winshine Science Co. Ltd.a,b Xinyi Glass Holdings Ltd.b Yuan Heng Gas Holdings Ltd.a IRELAND — 0.90% C&C Group PLC FBD Holdings PLCa Glanbia PLC Hibernia REIT PLC Irish Continental Group PLC Kingspan Group PLC Origin Enterprises PLC Permanent TSB Group Holdings PLCa Smurfit Kappa Group PLC ISRAEL — 1.20% Africa Israel Properties Ltd. Airport City Ltd.a Alony Hetz Properties & Investments Ltd. Amot Investments Ltd. B Communications Ltd. Bayside Land Corp. Caesarstone Sdot-Yam Ltd.a Cellcom Israel Ltd.a,b Clal Insurance Enterprises Holdings Ltd.a,b CyberArk Software Ltd.a Delek Automotive Systems Ltd. Elbit Systems Ltd. Electra Ltd./Israel First International Bank of Israel Ltd.b Frutarom Industries Ltd. Gazit-Globe Ltd.b Harel Insurance Investments & Financial Services Ltd.b IDI Insurance Co. Ltd. Israel Discount Bank Ltd. Class Aa Ituran Location and Control Ltd.b Jerusalem Oil Explorationa Kornit Digital Ltd.a,b

Shares

Value

250,606 6,480,000 $ 5,420,000 3,710,127 162,100 2,168,000 131,526,215 1,131,696 182,220 519,236 954,462 429,806 372,354 190,784 453,382 652,026

5,084,943 1,335,716 9,788,872 1,409,125 2,535,232 9,808,935 1,344,300 1,419,714 17,288,364 50,015,201

71,342 278,017 223,537 330,621 30,352 2,710 20,596 166,394 27,150 18,428 86,993 62,330 7,720 117,072 132,790 194,725

1,041,316 2,741,808 1,839,202 1,205,560 847,335 946,776 762,670 1,258,041 335,547 752,600 808,982 6,242,185 1,038,089 1,473,868 6,812,936 1,811,869

214,632 4,878 2,884,524 115,988 71,779 35,772

854,503 256,414 4,833,944 2,452,451 2,976,919 362,370

Security Matrix IT Ltd.b Melisron Ltd.b Menorah Mivtachim Holdings Ltd.a Naphtha Israel Petroleum Corp. Ltd.a Neuroderm Ltd.a Norstar Holdings Inc.b Oil Refineries Ltd.a,b Partner Communications Co. Ltd.a Paz Oil Co. Ltd. Phoenix Holdings Ltd. (The)a Plasson Industries Ltd. Plus500 Ltd. Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. Sapiens International Corp. NV Shikun & Binui Ltd.b Shufersal Ltd. Strauss Group Ltd.b Tower Semiconductor Ltd.a,b Wix.com Ltd.a ITALY — 3.92% A2A SpA ACEA SpA Actelios SpA Amplifon SpA Anima Holding SpAc Ansaldo STS SpA Ascopiave SpA Astaldi SpAb Autogrill SpAa Azimut Holding SpA Banca Generali SpA Banca IFIS SpA Banca Mediolanum SpA Banca Monte dei Paschi di Siena SpAa,b Banca Popolare dell’Emilia Romagna SC Banca Popolare di Milano Scarl

Shares

Value

252,766 $ 1,733,640 76,082 2,967,870 84,010 738,703 350,675 1,797,295 19,170 327,999 61,848 1,021,051 2,711,626 980,762 228,724 1,188,200 14,184 2,212,818 71,002 186,650 42,276 1,142,839 219,510 1,893,991 40,731 53,658 475,098 350,132 101,896 182,803 9,062

1,670,708 660,428 918,247 1,190,402 1,616,686 2,212,252 224,013 66,339,939

4,021,640 118,156 165,310 108,400 523,572 318,866 28,726 109,484 482,380 306,526 190,784 42,818 746,334 7,534,884 1,398,360 10,524,126

5,739,304 1,737,636 183,658 997,592 3,705,978 3,871,258 78,568 536,952 4,085,691 7,716,725 5,666,077 1,225,058 6,141,833 6,097,148 8,176,223 7,979,617

319

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April 30, 2016 Security

Banca Popolare di Sondrio Scarl Beni Stabili SpA SIIQ BI Esse SpA/Fossano Brembo SpA Buzzi Unicem SpAb Cairo Communication SpA Cerved Information Solutions SpA CIR-Compagnie Industriali Riunite SpAa COFIDE SpAa Credito Emiliano SpA Credito Valtellinese SCa Danieli & C Officine Meccaniche SpA RSP Datalogic SpA Davide Campari-Milano SpA De’ Longhi SpA DiaSorin SpA Ei Towers SpA Engineering Ingegneria Informatica SpA ERG SpA Esprinet SpA Fincantieri SpAa,b FinecoBank Banca Fineco SpA Geox SpAa,b Gruppo Editoriale L’Espresso SpAa Hera SpA Industria Macchine Automatiche SpA Infrastrutture Wireless Italiane SpAa,c Interpump Group SpA Iren SpA Italcementi SpA Italmobiliare SpA Juventus Football Club SpAa,b La Doria SpA Maire Tecnimont SpAa MARR SpA Mediaset SpA Moleskine SpAb

320

Shares

Value

1,406,490 $ 5,248,386 4,569,787 3,386,400 626,068 41,192 77,506 4,164,269 5,575,356 294,306 157,142 28,184 360,430 2,900,048 3,534,944 2,831,510 295,932 144,086 434,456 60,162 3,421,104 2,668,403 3,913,890 240,648 523,131 28,726 1,092,672 10,550,071 3,520,452 152,844 77,506 4,527,344 2,161,306 36,856 327,772 4,336 3,116,045 239,701 340,808 39,024 1,390,772 573,451 3,115,823 388,076 44,986 144,990 1,070,007 1,001,306 7,228,186 2,403,237 20,596 1,200,711 2,106,185 410,836 224,930 3,238,327 2,275,808 1,230,340 463,952 5,505,171 495,121 11,376 1,794,454 6,122,432 27,642 402,079 1,369,305 451,486 260,702 5,306,031 9,548,841 2,121,388 269,916 622,006

Security

Shares

Value

Moncler SpA Newron Pharmaceuticals SpAa,b OVS SpAa,c Piaggio & C SpAb RAI Way SpAc Recordati SpA Reply SpA Rizzoli Corriere Della Sera Mediagroup SpAa,b Safilo Group SpAa,b Salini Impregilo SpA Salvatore Ferragamo SpA Saras SpAa Societa Cattolica di Assicurazioni Scrl Sogefi SpAa Tod’s SpAb Trevi Finanziaria Industriale SpAb Unipol Gruppo Finanziario SpA Vittoria Assicurazioni SpA Yoox Net-A-Porter Group SpAa,b

328,994 $ 27,100 207,586 439,020 150,676 386,988 33,195 722,906 52,832 592,406 160,432 754,372 485,632 358,804 40,108 363,140 1,220,584 10,298 159,348

466,153 465,935 2,593,272 3,713,602 1,313,310 3,373,464 655,064 2,770,042 585,618 5,228,502 104,915 4,664,934 217,163,625

JAPAN — 30.74% 77 Bank Ltd. (The) Accordia Golf Co. Ltd. Achilles Corp. Activia Properties Inc. Adastria Co. Ltd. ADEKA Corp. Aderans Co. Ltd. Advance Residence Investment Corp. Advantest Corp. Adways Inc.b Aeon Delight Co. Ltd. AEON REIT Investment Corp. Ai Holdings Corp. Aica Kogyo Co. Ltd. Aida Engineering Ltd. Aiful Corp.a,b Ain Holdings Inc. Airport Facilities Co. Ltd. Akebono Brake Industry Co. Ltd.a,b

1,084,000 271,000 1,084,000 1,626 139,280 325,200 214,600 3,794 433,600 162,600 54,200 2,710 160,400 162,600 216,800 867,200 54,200 216,800 307,100

3,941,081 2,624,010 1,408,253 8,783,850 4,790,414 4,732,337 1,115,170 10,347,112 4,295,677 1,077,465 1,545,025 3,411,720 4,744,764 3,777,967 2,058,683 3,120,445 2,705,061 984,764 818,015

5,335,673 489,129 1,355,223 971,973 759,337 9,835,418 4,725,870

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April 30, 2016 Security

Alpine Electronics Inc. Amano Corp. Anicom Holdings Inc.b Anritsu Corp. Aoyama Trading Co. Ltd. Arcs Co. Ltd. Ardepro Co. Ltd. Ariake Japan Co. Ltd. Asahi Diamond Industrial Co. Ltd. Asahi Holdings Inc. Asahi Intecc Co. Ltd. Asatsu-DK Inc. Ashikaga Holdings Co. Ltd. ASKA Pharmaceutical Co. Ltd.b ASKUL Corp. Asukanet Co. Ltd.b Autobacs Seven Co. Ltd. Avex Group Holdings Inc. Awa Bank Ltd. (The) Azbil Corp. Bank of Iwate Ltd. (The) Bank of Nagoya Ltd. (The) Benefit One Inc. BIC Camera Inc. Broadleaf Co. Ltd. Bunka Shutter Co. Ltd. Calsonic Kansei Corp. Canon Marketing Japan Inc. Capcom Co. Ltd. Central Glass Co. Ltd. Century Tokyo Leasing Corp. Chiyoda Corp. Ci:z Holdings Co. Ltd. CKD Corp. Clarion Co. Ltd. Coca-Cola East Japan Co. Ltd. Coca-Cola West Co. Ltd. COLOPL Inc. Colowide Co. Ltd. Comforia Residential REIT Inc. COMSYS Holdings Corp. COOKPAD Inc.b Cosmo Energy Holdings Co. Ltd.

Shares

Value

161,400 $2,071,145 108,400 1,829,715 54,200 1,334,801 379,400 2,329,696 162,600 6,261,152 54,200 1,304,913 640,200 706,048 54,200 3,090,051 216,800 2,245,099 108,400 1,499,435 108,400 5,379,728 108,400 2,778,006 431,400 1,314,420 108,400 1,430,542 54,200 2,193,430 54,200 653,470 216,800 3,829,637 108,400 1,393,056 1,084,000 5,703,930 271,000 7,170,438 54,200 2,094,649 1,084,000 3,708,061 108,400 2,557,144 162,600 1,642,793 108,400 1,102,287 108,400 944,239 542,000 3,885,359 216,800 3,999,843 216,800 5,134,550 542,000 3,125,511 162,600 5,736,857 542,000 4,285,546 108,400 2,253,204 162,600 1,389,003 542,000 1,696,995 216,800 4,088,999 162,600 4,543,895 108,400 2,219,771 108,400 1,800,335 1,084 2,473,054 379,400 5,872,110 162,600 2,426,956 157,600 2,066,571

Security Cosmos Pharmaceutical Corp.b CROOZ Inc.a,b CyberAgent Inc. Daido Steel Co. Ltd. Daifuku Co. Ltd. Daihen Corp. Daiichikosho Co. Ltd. Daikokutenbussan Co. Ltd. Daikyo Inc. Daio Paper Corp.b Daiseki Co. Ltd. Daishi Bank Ltd. (The) Daiwa House REIT Investment Corp. Daiwa House Residential Investment Corp. Daiwa Office Investment Corp. Daiwabo Holdings Co. Ltd. DCM Holdings Co. Ltd. Dena Co. Ltd. Denka Co. Ltd. Descente Ltd. Dexerials Corp.a DIC Corp. Digital Garage Inc. Dip Corp. Disco Corp. DMG Mori Co. Ltd. Dowa Holdings Co. Ltd. Duskin Co. Ltd. Ebara Corp. EDION Corp.b Euglena Co. Ltd.a,b Exedy Corp. Ezaki Glico Co. Ltd. F@N Communications Inc. Fancl Corp. Financial Products Group Co. Ltd. FP Corp. Frontier Real Estate Investment Corp. Fudo Tetra Corp.b Fuji Machine Manufacturing Co. Ltd.

Shares

Value

18,000 $3,112,295 54,200 1,164,595 162,600 7,902,425 396,000 1,380,513 325,200 6,060,552 542,000 2,811,440 108,400 4,640,142 56,800 2,590,626 1,084,000 1,783,111 379,400 3,868,642 108,400 2,074,893 1,626,000 5,835,637 542 2,922,884 2,168 5,353,387 1,084 7,031,132 1,084,000 2,178,233 325,200 2,501,422 271,000 4,721,193 1,084,000 4,721,193 108,400 1,556,170 108,400 909,792 2,168,000 5,207,496 93,400 1,911,734 108,400 2,685,811 108,400 9,584,224 325,200 3,875,228 542,000 3,540,894 325,200 6,087,907 1,084,000 5,116,314 325,200 2,695,943 162,600 2,364,649 162,600 3,945,134 116,800 6,102,266 108,600 781,551 108,400 1,480,185 216,800 2,705,061 54,200 2,449,245 1,084 5,511,435 867,200 1,094,182 310,700 3,333,647

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April 30, 2016 Security

Fuji Oil Holdings Inc. Fuji Seal International Inc. Fuji Soft Inc. Fujibo Holdings Inc. Fujikura Ltd. Fujimi Inc. Fujitec Co. Ltd. Fukuoka REIT Corp. Funai Electric Co. Ltd.a,b Funai Soken Holdings Inc. Furukawa Co. Ltd. Furukawa Electric Co. Ltd. Futaba Industrial Co. Ltd. Fuyo General Lease Co. Ltd. Geo Holdings Corp. Global One Real Estate Investment Corp.b Glory Ltd. GLP J-REIT GMO Internet Inc. GMO Payment Gateway Inc.b Gree Inc. GS Yuasa Corp. Gulliver International Co. Ltd.b Gunze Ltd. Gurunavi Inc. H2O Retailing Corp. Hanwa Co. Ltd. Happinet Corp. Harmonic Drive Systems Inc.b Haseko Corp. Hazama Ando Corp. Heiwa Corp. Heiwa Real Estate Co. Ltd. Heiwa Real Estate REIT Inc. HIS Co. Ltd. Hitachi Capital Corp. Hitachi Zosen Corp. Hogy Medical Co. Ltd. Hokkaido Electric Power Co. Inc. Hokkoku Bank Ltd. (The) Hokuetsu Kishu Paper Co. Ltd. HORIBA Ltd. Hoshino Resorts REIT Inc.

322

Shares

Value

216,800 $4,139,655 54,200 1,909,753 108,400 2,526,750 542,000 1,089,116 1,084,000 5,501,304 742,625 54,200 162,600 1,671,667 1,084 1,997,895 108,400 937,147 65,040 1,016,373 542,000 815,571 2,168,000 5,450,647 414,700 1,992,203 54,200 2,360,596 108,400 1,841,873 1,084 4,548,960 271,000 9,194,168 5,962 7,321,901 216,800 2,664,536 54,200 3,571,288 162,600 934,614 1,084,000 4,599,617 162,600 1,651,911 542,000 1,545,025 108,400 2,663,523 271,000 4,612,281 1,084,000 5,015,001 54,200 466,547 54,200 1,264,388 758,800 7,233,759 487,800 2,448,232 108,400 2,335,268 216,800 2,790,164 2,710 2,282,079 162,600 4,141,175 162,600 3,641,194 542,000 2,846,899 108,400 6,129,445 542,000 5,075,789 1,626,000 4,711,061 325,200 2,115,418 108,400 4,245,021 206 2,529,875

Security Hosiden Corp. House Foods Group Inc. Hulic Reit Inc. Hyakugo Bank Ltd. (The) Hyakujushi Bank Ltd. (The) Ibiden Co. Ltd. IBJ Leasing Co. Ltd. Ichigo Inc.b Ichigo Office REIT Investment Iino Kaiun Kaisha Ltd. Inabata & Co. Ltd. Industrial & Infrastructure Fund Investment Corp. Ines Corp. Infomart Corp.b Internet Initiative Japan Inc. Invesco Office J-Reit Inc. Invincible Investment Corp. Iriso Electronics Co. Ltd. Iseki & Co. Ltd. Ishihara Sangyo Kaisha Ltd.a IT Holdings Corp. Ito EN Ltd. Itoki Corp. IwaiCosmo Holdings Inc. Iwatani Corp.b Izumi Co. Ltd. J Trust Co. Ltd. Jaccs Co. Ltd. Jafco Co. Ltd. Japan Aviation Electronics Industry Ltd. Japan Communications Inc.a,b Japan Digital Laboratory Co. Ltd. Japan Display Inc.a,b Japan Excellent Inc. Japan Hotel REIT Investment Corp. Japan Logistics Fund Inc. Japan Petroleum Exploration Co. Ltd. Japan Rental Housing Investments Inc.

Shares

Value

325,200 $2,124,537 325,200 6,407,043 2,168 3,770,875 1,084,000 4,143,708 1,626,000 4,817,440 216,800 2,824,610 54,200 965,514 542,000 2,436,581 3,252 2,534,855 468,500 1,900,360 325,200 3,282,546 1,084 108,400 108,400 108,400 542 8,130 54,200 1,084,000 1,626,000 271,000 163,200 108,400 162,600 542,000 162,600 216,800 542,000 108,400 105,000 480,600 325,200 1,138,200 5,420 8,130 4,336 108,400 3,794

5,521,566 1,178,272 997,934 2,194,443 502,007 6,245,955 2,705,061 2,370,728 1,154,970 6,653,741 5,125,025 696,021 1,568,327 3,262,283 6,519,501 1,679,772 2,203,561 3,150,839 1,473,013 925,311 4,519,579 2,297,782 7,760,587 7,446,516 9,689,589 2,602,735 3,003,428

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April 30, 2016 Security

Japan Securities Finance Co. Ltd. Japan Steel Works Ltd. (The) Jin Co. Ltd.b Juki Corp. Juroku Bank Ltd. (The) JVC Kenwood Corp. K’s Holdings Corp. kabu.com Securities Co. Ltd. Kadokawa Dwangoa Kagome Co. Ltd.b Kaken Pharmaceutical Co. Ltd. Kanamoto Co. Ltd. Kanematsu Corp. Kawasaki Kisen Kaisha Ltd.b Keihin Corp. Keiyo Bank Ltd. (The) Kenedix Inc. Kenedix Office Investment Corp. Kenedix Residential Investment Corp. Kenedix Retail REIT Corp. Kewpie Corp. Kinden Corp. Kintetsu World Express Inc. Kitz Corp. Kiyo Bank Ltd. (The) KLab Inc.a,b Koa Corp. Kobayashi Pharmaceutical Co. Ltd. Kokuyo Co. Ltd. Komeri Co. Ltd. Komori Corp. Konishi Co. Ltd. Kumagai Gumi Co. Ltd. KYB Corp. Kyodo Printing Co. Ltd. KYORIN Holdings Inc. Kyowa Exeo Corp. Laox Co. Ltd.a,b Leopalace21 Corp. Lintec Corp. Lion Corp.

Shares

Value

542,000 $ 2,183,298 1,084,000 4,346,334 2,069,321 54,200 108,400 995,908 4,954,213 1,626,000 1,403,394 542,080 162,660 5,617,353 2,517,632 758,800 115,167 1,692,065 7,093,946 325,200 95,900 5,440,563 1,431,048 54,200 3,383,859 2,168,000 2,168,000 4,781,980 2,475,587 162,600 1,626,000 6,154,774 2,646,806 596,200 6,433,385 1,084 3,059,657 1,084 2,892,490 1,084 325,200 8,786,889 6,524,567 542,000 108,400 1,473,093 2,479,639 596,200 6,077,269 487,800 216,800 1,223,863 785,177 108,400 162,600 13,403,729 2,200,522 162,600 162,600 4,185,246 1,987,764 162,600 1,394,069 108,400 542,000 1,509,566 1,884,425 542,000 579,000 1,747,904 5,531,698 271,000 162,600 1,902,661 592,682 542,000 4,392,431 704,600 108,400 2,155,944 6,828,506 542,000

Security Macnica Fuji Electronics Holdings Inc. Maeda Corp. Maeda Kosen Co. Ltd.b Maeda Road Construction Co. Ltd. Makino Milling Machine Co. Ltd. Maruha Nichiro Corp. Marusan Securities Co. Ltd. Marvelous Inc.b Matsui Securities Co. Ltd. Matsumotokiyoshi Holdings Co. Ltd. Matsuya Co. Ltd.b MCUBS MidCity Investment Corp. MEGMILK SNOW BRAND Co. Ltd. Meidensha Corp. Meitec Corp. Micronics Japan Co. Ltd. Ministop Co. Ltd. MIRAIT Holdings Corp. Misawa Homes Co. Ltd. MISUMI Group Inc. Mitsuba Corp. Mitsubishi Steel Manufacturing Co. Ltd. Mitsui Engineering & Shipbuilding Co. Ltd. Mitsui Mining & Smelting Co. Ltd. Mitsumi Electric Co. Ltd.b Miura Co. Ltd. Mizuno Corp. Modec Inc.b Monex Group Inc. MonotaRO Co. Ltd. Mori Hills REIT Investment Corp. MORI TRUST Sogo REIT Inc. Morinaga & Co. Ltd./Japan Morinaga Milk Industry Co. Ltd. MOS Food Services Inc. Musashino Bank Ltd. (The)

Shares

Value

126,150 $ 1,446,666 542,000 4,229,824 108,400 1,174,219 141,000 2,626,412 542,000 3,419,319 271,000 6,164,905 325,200 3,042,434 108,400 914,858 379,400 3,379,300 108,400 5,521,566 162,600 1,328,215 1,626 5,531,698 108,400 2,574,367 542,000 2,340,334 162,600 5,835,637 108,400 1,007,053 108,400 1,776,019 161,400 1,460,210 162,600 1,154,970 921,400 13,382,453 87,700 1,309,004 1,626,000 2,781,046 2,168,000 3,505,435 1,626,000 3,160,970 271,000 1,372,793 216,800 4,176,128 1,084,000 5,278,415 54,200 848,498 542,070 1,448,965 216,800 6,798,112 3,252 4,911,661 3,794 7,496,160 542,000 2,669,601 542,000 2,912,753 54,200 1,466,001 162,600 4,261,231

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For personal use only

April 30, 2016 Security

Nachi-Fujikoshi Corp. Nagase & Co. Ltd. Nakanishi Inc. Namura Shipbuilding Co. Ltd. Nankai Electric Railway Co. Ltd. NanoCarrier Co. Ltd.a,b Nanto Bank Ltd. (The) NET One Systems Co. Ltd. Next Co. Ltd. Nichi-Iko Pharmaceutical Co. Ltd. Nichicon Corp. Nichiha Corp. Nichirei Corp. Nifco Inc./Japan Nihon Kohden Corp. Nihon M&A Center Inc. Nihon Nohyaku Co. Ltd.b Nihon Parkerizing Co. Ltd. Nihon Unisys Ltd. Nikkiso Co. Ltd. Nikkon Holdings Co. Ltd. Nippo Corp. Nippon Accommodations Fund Inc. Nippon Chemi-Con Corp. Nippon Coke & Engineering Co. Ltd. Nippon Gas Co. Ltd. Nippon Kayaku Co. Ltd. Nippon Light Metal Holdings Co. Ltd. Nippon Paper Industries Co. Ltd. Nippon Parking Development Co. Ltd.b NIPPON REIT Investment Corp. Nippon Seiki Co. Ltd. Nippon Sharyo Ltd.a,b Nippon Sheet Glass Co. Ltd.a Nippon Shinyaku Co. Ltd. Nippon Shokubai Co. Ltd. Nippon Soda Co. Ltd. Nippon Steel & Sumikin Bussan Corp.

324

Shares

Value

542,000 $1,828,702 542,000 6,261,152 54,200 1,785,644 162,600 1,264,388 1,626,000 8,829,441 214,600 3,164,996 1,084,000 3,130,576 351,200 1,861,119 162,600 1,898,102 216,800 5,353,387 216,800 1,511,592 108,400 1,711,179 542,000 4,863,031 162,600 8,054,395 325,200 8,476,871 108,400 6,423,253 881,424 162,600 704,600 6,473,403 216,800 2,723,297 214,600 1,712,869 325,200 6,291,546 132,000 2,225,599 1,084 4,650,273 754,783 542,000 1,865,800 1,395,056 108,400 2,608,813 542,000 6,033,198 1,842,800 3,341,308 271,000 5,334,137 693,400 797,123 1,084 2,881,346 213,000 4,174,597 1,084,000 2,674,667 2,710,000 2,178,233 133,000 6,209,028 104,100 5,633,338 542,000 2,948,213 542,000 1,970,541

Security Nippon Suisan Kaisha Ltd. Nippon Yakin Kogyo Co. Ltd.a Nipro Corp. Nishi-Nippon City Bank Ltd. (The) Nishi-Nippon Railroad Co. Ltd. Nishimatsu Construction Co. Ltd. Nishimatsuya Chain Co. Ltd. Nishio Rent All Co. Ltd. Nissan Chemical Industries Ltd. Nissan Shatai Co. Ltd. Nissha Printing Co. Ltd.b Nisshin OilliO Group Ltd. (The) Nisshin Steel Co. Ltd. Nisshinbo Holdings Inc. Nitto Boseki Co. Ltd.a Nitto Kogyo Corp. Noevir Holdings Co. Ltd. NOF Corp. Nojima Corp. Nomura Co. Ltd. North Pacific Bank Ltd. NSD Co. Ltd. NTN Corp. Obara Group Inc. Ogaki Kyoritsu Bank Ltd. (The) Okasan Securities Group Inc. Oki Electric Industry Co. Ltd. Okinawa Electric Power Co. Inc. (The) OKUMA Corp. Okumura Corp. OncoTherapy Science Inc.a,b Open House Co. Ltd. Orient Corp.a Orix JREIT Inc. OSG Corp.b OSJB Holdings Corp. Pacific Metals Co. Ltd.a,b Paramount Bed Holdings Co. Ltd. Penta-Ocean Construction Co. Ltd. PeptiDream Inc.a,b

Shares

Value

867,200 $ 4,927,871 1,605,800 2,176,186 325,200 3,264,310 2,168,000 4,052,526 542,000 3,378,793 543,000 2,415,702 325,200 3,796,204 108,400 2,929,976 379,400 10,481,858 162,600 1,662,549 108,400 1,795,269 1,084,000 4,680,667 271,000 3,784,046 542,000 6,104,117 1,084,000 3,464,910 54,200 896,115 54,200 1,572,887 542,000 4,402,056 108,400 1,256,283 162,600 2,820,558 1,332,100 3,498,482 407,540 6,566,652 1,626,000 5,318,940 54,200 2,046,526 1,626,000 5,166,970 542,000 2,983,672 2,168,000 3,140,707 162,600 4,224,758 542,000 4,457,778 542,000 2,927,950 427,400 1,318,211 54,200 1,215,758 1,246,600 2,598,176 7,046 11,879,979 271,000 5,166,970 374,200 895,324 542,000 1,778,046 54,200 2,081,985 921,400 4,271,362 108,400 6,443,516

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April 30, 2016 Security

Pigeon Corp. Pilot Corp. Pioneer Corp.a Pola Orbis Holdings Inc. Premier Investment Corp. Press Kogyo Co. Ltd. Prima Meat Packers Ltd. Proto Corp. Qol Co. Ltd. Raito Kogyo Co. Ltd. Relia Inc. Relo Holdings Inc. Rengo Co. Ltd. Resorttrust Inc. Ricoh Leasing Co. Ltd. Ringer Hut Co. Ltd.b Riso Kagaku Corp. Rohto Pharmaceutical Co. Ltd. Round One Corp. Ryobi Ltd. Ryosan Co. Ltd. S Foods Inc.b Sac’s Bar Holdings Inc. Saizeriya Co. Ltd. San-in Godo Bank Ltd. (The) Sangetsu Co. Ltd. Sanken Electric Co. Ltd. Sanki Engineering Co. Ltd. Sankyo Tateyama Inc. Sankyu Inc. Sanwa Holdings Corp. Sanyo Shokai Ltd. Sanyo Special Steel Co. Ltd. Sapporo Holdings Ltd. Sato Holdings Corp. Sawada Holdings Co. Ltd. Sawai Pharmaceutical Co. Ltd. SCREEN Holdings Co. Ltd. SCSK Corp. Seikagaku Corp. Seiko Holdings Corp. Seino Holdings Co. Ltd. Seiren Co. Ltd. Sekisui House SI Residential Investment Corp.

Shares

Value

325,200 $8,902,386 108,400 4,462,844 952,700 2,653,438 54,200 4,452,713 5,420 6,990,607 542,000 1,924,950 542,000 1,534,894 169,400 2,248,217 108,400 1,583,524 162,600 1,762,849 162,600 1,737,014 29,000 3,862,330 542,000 3,029,263 271,000 5,833,104 54,200 1,608,346 162,600 3,466,429 108,400 1,740,560 325,200 5,750,534 216,800 1,298,835 542,000 2,061,723 108,400 2,699,995 582,308 24,000 54,200 707,672 162,600 2,939,094 813,000 5,440,516 108,400 2,006,000 542,000 1,879,359 108,400 885,477 766,941 54,200 1,084,000 5,237,890 867,200 6,954,134 542,000 1,332,268 542,000 2,548,026 1,084,000 5,967,344 54,200 1,161,555 108,400 1,092,156 108,400 7,172,971 542,000 4,396,990 162,680 6,104,586 108,400 1,716,245 542,000 2,112,379 596,200 6,291,040 108,400 1,152,944 2,710

Security Senshu Ikeda Holdings Inc. Septeni Holdings Co. Ltd.b Seria Co. Ltd. Sharp Corp./Japana,b Shibuya Corp. Shiga Bank Ltd. (The) Shima Seiki Manufacturing Ltd. Shimachu Co. Ltd. Shinko Electric Industries Co. Ltd. Shinko Plantech Co. Ltd. ShinMaywa Industries Ltd. Ship Healthcare Holdings Inc. SHO-BOND Holdings Co. Ltd.b Showa Corp. Showa Denko KK Sinanen Holdings Co. Ltd. SKY Perfect JSAT Holdings Inc. Skylark Co. Ltd. SMS Co. Ltd. Sodick Co. Ltd. Sojitz Corp. Sosei Group Corp.a,b Sotetsu Holdings Inc. SPARX Group Co. Ltd.b Square Enix Holdings Co. Ltd. Star Micronics Co. Ltd. Start Today Co. Ltd. Sugi Holdings Co. Ltd. Sumco Corp. Sumitomo Bakelite Co. Ltd. Sumitomo Forestry Co. Ltd. Sumitomo Mitsui Construction Co. Ltd. Sumitomo Osaka Cement Co. Ltd. Sumitomo Warehouse Co. Ltd. (The) Sundrug Co. Ltd. Tadano Ltd. Taikisha Ltd. Taiyo Yuden Co. Ltd. Takara Bio Inc. Takara Holdings Inc. Takara Leben Co. Ltd.

Shares

Value

791,380 $ 3,069,514 108,400 2,624,010 54,200 3,206,561 3,794,000 5,248,021 54,200 663,095 1,084,000 4,883,294 162,600 2,764,329 271,000 6,506,837 216,800 1,260,336 379,400 2,985,698 228,000 1,632,301 108,400 2,768,888 54,200 2,390,990 216,800 1,951,291 2,710,000 2,912,753 542,000 2,107,313 737,500 4,032,315 298,700 3,911,199 108,400 2,078,946 161,400 1,303,328 3,252,000 6,777,849 51,300 10,773,503 1,626,000 10,683,471 427,400 870,818 216,800 5,752,560 271,000 3,244,553 162,600 7,051,395 108,400 5,389,859 487,800 3,305,341 1,084,000 4,630,011 487,800 5,853,874 2,168,000 1,945,212 1,084,000 4,761,718 542,000 2,801,308 108,400 7,983,476 542,000 5,435,450 54,200 1,280,598 271,000 2,862,096 162,600 2,252,191 542,000 4,736,390 321,000 2,136,100

2,915,286

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For personal use only

April 30, 2016 Security

Takasago Thermal Engineering Co. Ltd. Takata Corp.a,b Takeuchi Manufacturing Co. Ltd. TechnoPro Holdings Inc. Teikoku Sen-I Co. Ltd. Tekken Corp.b Temp Holdings Co. Ltd. Toagosei Co. Ltd. TOC Co. Ltd. Toda Corp. Toho Bank Ltd. (The) Toho Holdings Co. Ltd. Toho Titanium Co. Ltd.b Toho Zinc Co. Ltd.b Tohokushinsha Film Corp. Tokai Carbon Co. Ltd. Tokai Rika Co. Ltd. Tokai Tokyo Financial Holdings Inc. Tokuyama Corp.a,b Tokyo Broadcasting System Holdings Inc. Tokyo Dome Corp. Tokyo Ohka Kogyo Co. Ltd. Tokyo Seimitsu Co. Ltd. Tokyo Steel Manufacturing Co. Ltd. Tokyo TY Financial Group Inc. Tokyotokeiba Co. Ltd. Tokyu Construction Co. Ltd. TOKYU REIT Inc. TOMONY Holdings Inc. Tomy Co. Ltd. Top REIT Inc.b Topcon Corp. Topre Corp. Toridoll.corp. Toshiba Machine Co. Ltd. Toshiba Plant Systems & Services Corp. Tosoh Corp. Totetsu Kogyo Co. Ltd. Toyo Construction Co. Ltd.

326

Shares

Value

108,400 $1,397,108 271,000 1,040,993 859,135 54,200 108,400 3,110,314 782,644 54,200 542,000 1,393,056 325,200 5,075,789 781,000 7,270,209 487,800 4,048,473 1,084,000 5,217,627 542,000 1,848,965 162,600 3,888,905 161,400 1,138,904 1,084,000 3,049,526 620,608 108,500 1,084,000 2,938,081 162,600 3,159,450 596,200 3,226,317 1,088,000 1,779,522 108,400 1,549,078 542,000 2,360,596 108,400 3,176,167 162,600 3,522,658 325,200 2,051,591 72,344 1,905,373 542,000 1,114,445 271,040 2,287,482 4,878 7,103,065 542,000 1,605,813 379,400 2,741,027 542 2,061,723 271,000 3,464,910 162,600 3,334,216 976,659 54,200 542,000 1,676,733 683,864 54,200 1,626,000 7,750,456 54,200 1,605,813 414,700 1,821,665

Security Toyo Corp./Chuo-ku Toyo Ink SC Holdings Co. Ltd. Toyo Kanetsu KK Toyo Tire & Rubber Co. Ltd. Toyobo Co. Ltd. Toyota Boshoku Corp. TPR Co. Ltd. TS Tech Co. Ltd. TSI Holdings Co. Ltd. Tsubakimoto Chain Co. Tsukuba Bank Ltd. Tsukui Corp. Tsumura & Co. Tsuruha Holdings Inc. UACJ Corp. Ube Industries Ltd. ULVAC Inc. Unipres Corp. United Arrows Ltd. United Super Markets Holdings Inc. Unitika Ltd.a,b Universal Entertainment Corp. UNY Group Holdings Co. Ltd. USEN Corp.a Ushio Inc. Valor Holdings Co. Ltd. VT Holdings Co. Ltd. Wacoal Holdings Corp. Wacom Co. Ltd.b Welcia Holdings Co. Ltd. Xebio Holdings Co. Ltd. Yahagi Construction Co. Ltd. YAMABIKO Corp. Yamato Kogyo Co. Ltd. Yodogawa Steel Works Ltd. Yokogawa Bridge Holdings Corp. Yokohama Reito Co. Ltd. Yondoshi Holdings Inc. Yoshinoya Holdings Co. Ltd.b Yumeshin Holdings Co. Ltd.b Zenkoku Hosho Co. Ltd. Zenrin Co. Ltd. Zensho Holdings Co. Ltd.

Shares

Value

108,400 $ 1,128,628 542,000 2,228,889 542,000 1,154,970 271,000 4,257,685 2,710,000 4,736,390 162,600 3,148,813 162,600 4,270,349 216,800 5,181,154 325,200 2,139,734 542,000 3,708,061 522,300 1,415,646 108,400 1,346,452 162,600 4,297,704 108,400 10,698,668 548,944 1,159,506 2,168,000 4,255,152 162,600 5,242,955 108,400 1,995,869 54,200 2,259,283 252,700 2,371,240 3,794,000 1,914,818 54,200 878,385 650,400 4,863,031 489,240 1,723,851 325,200 4,598,604 162,600 4,036,316 307,100 1,610,198 542,000 6,737,324 433,600 1,835,794 54,200 2,948,213 162,600 2,676,187 108,400 791,256 216,800 1,606,826 108,400 2,619,958 211,100 4,904,852 54,200 503,020 216,800 2,166,075 54,200 1,357,090 379,400 4,893,425 108,400 638,273 162,600 5,987,607 108,400 2,385,925 325,200 4,227,798

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April 30, 2016 Security

Shares

Value

Zeon Corp. ZERIA Pharmaceutical Co. Ltd.

542,000 $ 3,996,804 54,200 699,061 1,702,207,450

NETHERLANDS — 1.92% Aalberts Industries NV Accell Group Amsterdam Commodities NV Arcadis NV ASM International NV BE Semiconductor Industries NV BinckBank NV Brunel International NVb Corbion NV Delta Lloyd NVb Eurocommercial Properties NV Euronext NVc Flow Tradersc Fugro NV CVAa,b IMCD Group NV InterXion Holding NVa Kendrion NV Koninklijke BAM Groep NV NSI NV PostNL NVa Refresco Gerber NVa,c SBM Offshore NV SNS REAAL NVa,b TKH Group NV TomTom NVa,b USG People NV VastNed Retail NV Wereldhave NV Wessanen

363,682 14,634 13,008 212,464 151,218 61,788 260,702 4,274 229,266 1,258,000 86,720 156,638 96,476 176,150 113,278 41,192 46,070 725,196 275,336 1,252,020 22,222 454,196 291,555 95,934 335,498 222,220 98,102 121,090 390,240

12,462,966 310,163 351,535 3,639,232 6,170,159 1,861,929 1,535,076 96,363 5,853,124 6,417,544 4,054,434 6,620,054 3,834,859 3,585,156 4,574,734 1,395,585 1,129,725 3,492,685 1,307,150 5,477,882 411,558 6,083,893 3 3,790,789 3,056,808 4,431,185 4,320,283 6,239,679 4,031,143 106,535,696

NEW ZEALAND — 1.15% Air New Zealand Ltd. Argosy Property Ltd. Chorus Ltd. Fisher & Paykel Healthcare Corp. Ltd. Freightways Ltd. Genesis Energy Ltd. Goodman Property Trust

1,318,686 1,732,774 1,186,983 2,042,798 1,574,013 521,404 1,860,144

2,268,344 1,441,854 3,319,991 13,070,099 7,286,160 749,236 1,742,945

Security Infratil Ltd. Kiwi Property Group Ltd. New Zealand Refining Co. Ltd. (The) Nuplex Industries Ltd. Orion Health Group Ltd.a Precinct Properties New Zealand Ltd. Sky Network Television Ltd. SKYCITY Entertainment Group Ltd. Trade Me Group Ltd. Xero Ltd.a,b Z Energy Ltd. NORWAY — 1.79% Akastor ASAa,b Aker ASA Class A Aker Solutions ASAa Atea ASA Austevoll Seafood ASA Avance Gas Holding Ltd.b,c Bakkafrost P/F Borregaard ASA BW LPG Ltd.b,c BW Offshore Ltd. Det Norske Oljeselskap ASAa,b DNO ASAa,b Entra ASAc Europris ASAa,c Fred Olsen Energy ASAa Frontline Ltd./Bermudab Hexagon Composites ASAa,b Hoegh LNG Holdings Ltd.b IDEX ASAa Kongsberg Automotive ASAa Leroy Seafood Group ASA Marine Harvest ASA Nordic Semiconductor ASAa,b Norwegian Air Shuttle ASAa,b Norwegian Property ASAa Ocean Yield ASAb Opera Software ASAb Protector Forsikring ASA REC Silicon ASAa,b

Shares

Value

1,448,766 $ 3,282,280 7,934,513 8,211,346 176,150 368,287 515,984 1,901,425 48,238 140,656 2,021,118 1,801,915 1,081,849 4,032,053 1,630,336 5,574,660 1,065,030 3,395,933 167,478 1,920,587 523,030 2,867,312 63,375,083 688,882 66,666 395,660 190,242 327,368 35,230 118,156 298,642 242,816 2,582,630 319,780 2,243,338 136,584 58,536 143,066 192,410 323,880 139,294 863,406 1,445,120 54,742 884,544 375,064 85,094 817,169 182,654 400,897 167,478 6,533,268

958,165 1,374,326 1,518,301 1,783,736 2,754,374 240,194 4,180,475 2,234,525 1,459,486 564,485 2,855,338 2,589,533 1,289,112 272,604 620,068 1,599,763 989,456 1,626,064 895,321 1,168,321 2,671,718 13,764,101 2,182,189 3,920,579 912,324 1,236,241 3,275,941 1,637,894 1,436,088

327

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April 30, 2016 Security

Salmar ASA Scatec Solar ASAc Seadrill Ltd.a,b Selvaag Bolig ASA Sparebank 1 Nord Norge SpareBank 1 SMN Stolt-Nielsen Ltd. Storebrand ASAa Subsea 7 SAa Tanker Investments Ltd.a TGS Nopec Geophysical Co. ASA Thin Film Electronics ASAa,b Wilh Wilhelmsen ASA XXL ASAc PORTUGAL — 0.31% Altri SGPS SA Banco BPI SA Registereda,b,d CTT-Correios de Portugal SA Mota-Engil SGPS SAb Navigator Co. SA (The) NOS SGPS SA Pharol SGPS SA Registereda,b REN - Redes Energeticas Nacionais SGPS SA Sonae SGPS SA SINGAPORE — 1.99% ARA Asset Management Ltd.b Ascendas India Trustb Asian Pay Television Trustb Boustead Singapore Ltd.b Cambridge Industrial Trust CapitaLand Retail China Trust CDL Hospitality Trusts COSCO Corp. Singapore Ltd.a,b CWT Ltd.b Ezion Holdings Ltd.a,b Ezra Holdings Ltd.a,b Far East Hospitality Trustb First REIT First Resources Ltd.b Frasers Centrepoint Trust

328

Shares

Value

126,828 $ 3,150,087 93,766 413,382 4,882,259 1,006,494 25,022 81,414 1,152,057 246,068 3,912,672 636,489 143,641 1,899,789 5,692,859 1,344,702 549,588 5,057,464 385,011 47,696 302,436 5,059,160 680,859 1,299,174 583,291 109,484 344,712 4,163,162 99,124,188 78,048 715,440 281,298 163,900 1,514,318 449,860 2,253,636

304,291 896,455 2,599,385 339,403 5,402,728 3,228,022 366,530

542,000 2,070,440

1,627,063 2,300,236 17,064,113

1,523,615 3,794,000 4,878,000 1,626,000 5,528,400 1,680,980 3,252,000 3,577,200 214,600 3,794,480 10,647,200 2,384,800 2,818,400 1,300,800 1,626,000

1,343,316 2,695,785 2,177,598 943,626 2,241,716 1,844,757 3,375,276 904,913 330,510 1,552,743 808,016 1,179,935 2,621,182 1,843,699 2,359,064

Security Frasers Commercial Trust Hyflux Ltd.b Indofood Agri Resources Ltd.b Japfa Ltd. Kenon Holdings Ltd./Singaporea,b Keppel DC REITb Keppel REITb KrisEnergy Ltd.a,b Lippo Malls Indonesia Retail Trust M1 Ltd./Singaporeb Mapletree Commercial Trust Mapletree Greater China Commercial Trust Mapletree Industrial Trust Mapletree Logistics Trust Midas Holdings Ltd.b Neptune Orient Lines Ltd./Singaporea,b OSIM International Ltd.b OUE Hospitality Trustb OUE Ltd.b Pacc Offshore Services Holdings Ltd.b Parkway Life REIT Perennial Real Estate Holdings Ltd.a,b Raffles Medical Group Ltd.b Religare Health Trust Rowsley Ltd.a,b SATS Ltd. Sheng Siong Group Ltd.b SIIC Environment Holdings Ltd.a,b Silverlake Axis Ltd.b Singapore Post Ltd.b SMRT Corp. Ltd. Soilbuild Business Space REITb Starhill Global REIT Super Group Ltd./Singapore Tat Hong Holdings Ltd.b United Engineers Ltd.b Vard Holdings Ltd.a,b Venture Corp. Ltd.

Shares

Value

2,710,000 $2,611,101 1,970,200 908,838 1,571,800 625,656 704,600 364,344 72,628 637,258 487,800 397,412 3,794,000 2,963,952 3,780,860 523,225 6,070,400 1,467,862 1,084,000 1,992,098 2,818,400 3,145,419 6,016,200 4,610,458 4,878,960 5,826,220 5,420,000 4,355,195 4,860,000 1,030,542 2,764,200 2,642,757 1,084,000 1,121,059 1,355,033 700,679 650,400 808,131 912,200 254,511 271,000 493,992 2,473,809 1,684,115 650,400 2,274,380 758,800 581,499 4,263,800 456,819 1,571,800 4,794,747 1,084,000 717,801 1,842,860 959,787 2,113,840 888,598 4,878,000 5,698,047 4,336,000 4,935,888 5,365,800 2,794,583 3,902,400 2,264,701 1,246,600 899,670 1,246,600 556,497 1,192,400 2,075,976 4,376,000 592,561 1,029,800 6,413,025

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April 30, 2016 Security

Wing Tai Holdings Ltd.b Yanlord Land Group Ltd.b Ying Li International Real Estate Ltd.a,b Yoma Strategic Holdings Ltd.a,b SPAIN — 2.60% Abengoa SA Class Bb Acciona SA Acerinox SAb Almirall SA Applus Services SA Atresmedia Corp. de Medios de Comunicacion SA Axiare Patrimonio SOCIMI SA Bolsas y Mercados Espanoles SHMSF SAb Cellnex Telecom SAUc Cia. de Distribucion Integral Logista Holdings SA CIE Automotive SA Construcciones y Auxiliar de Ferrocarriles SAb Corp Financiera Alba SA Deoleo SAa,b Duro Felguera SAb Ebro Foods SA Ence Energia y Celulosa SA Euskaltel SAa,c Faes Farma SA Fomento de Construcciones y Contratas SAa,b Gamesa Corp. Tecnologica SA Grupo Catalana Occidente SA Hispania Activos Inmobiliarios SAa Indra Sistemas SAa,b Inmobiliaria Colonial SAa Laboratorios Farmaceuticos Rovi SA Lar Espana Real Estate SOCIMI SA Let’s GOWEX SAa,b Liberbank SAa

Shares

Value

2,934,300 $ 4,093,458 2,168,000 1,951,773 608,397 5,799,400 2,873,800 1,154,609 110,099,776 2,111,350 75,338 359,346 201,122 274,252

580,376 6,035,006 4,245,414 3,305,594 2,531,762

216,258 143,630 88,326 452,164

2,816,246 2,187,937 2,989,400 7,462,734

78,590 62,330

1,731,850 1,125,458

8,672 2,678 1,340,234 489,364 282,140 248,778 299,714 1,137,673

2,820,822 109,869 337,708 879,974 6,395,116 718,043 3,302,327 3,576,826

541,630 700,264 140,920 282,382 298,100 6,061,186 16,802 120,324 51,450 1,184,184

4,703,536 13,791,198 4,462,783 4,139,854 3,492,815 4,651,258 284,236 1,237,837 1 1,424,120

Security

Shares

Mediaset Espana Comunicacion SA Melia Hotels International SAb Merlin Properties SOCIMI SA Miquel y Costas & Miquel SA NH Hotel Group SAa,b Obrascon Huarte Lain SA Papeles y Cartones de Europa SA Pharma Mar SAa,b Promotora de Informaciones SAa,b Prosegur Cia. de Seguridad SA Sacyr SAb Saeta Yield SA Talgo SAa,c Tecnicas Reunidas SAb Tubacex SAb Viscofan SA

458,577 $ 181,028 825,346 4,336 665,034 385,904 470,998 810,832 171,814 706,226 1,004,326 102,438 135,500 97,018 799,992 152,302

SWEDEN — 5.18% AAK ABb AF AB Class B Alimak Group ABa,c Arcam ABa,b Avanza Bank Holding ABb Axfood AB B&B Tools AB Class B Betsson ABb Bilia AB Class A BillerudKorsnas AB BioGaia AB Class B Bure Equity AB Byggmax Group AB Castellum AB Clas Ohlson AB Class B Cloetta AB Class B Collector ABa,b Com Hem Holding AB Concentric AB Duni AB Dustin Group ABc Elekta AB Class Bb Eltel ABa,c

66,124 163,142 21,680 60,162 54,200 212,464 91,056 298,694 63,956 466,120 42,933 122,492 106,232 643,896 66,124 556,634 68,834 327,368 147,475 49,864 59,620 1,035,220 56,368

Value 5,956,118 2,278,670 9,594,892 176,798 3,199,124 2,731,971 2,913,069 2,553,886 1,216,538 4,084,821 2,138,415 1,091,144 696,825 3,259,135 2,084,515 8,545,767 143,861,788 4,998,997 2,796,156 204,708 1,312,361 2,131,531 3,938,123 1,833,049 4,043,424 1,530,649 7,245,313 1,086,376 1,068,806 860,720 10,313,637 1,335,264 1,873,383 1,201,224 2,905,422 1,672,834 725,666 436,609 7,574,670 676,280

329

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April 30, 2016 Security

Shares

Evolution Gaming Group ABc Fabege AB Fastighets AB Balder Class Ba,b Fingerprint Cards ABa,b Granges AB Gunnebo AB Haldex ABb Hemfosa Fastigheter AB Hexpol AB Hoist Finance ABa,c Holmen AB Class B Hufvudstaden AB Class A Industrial & Financial Systems Class B Indutrade AB Intrum Justitia AB Investment AB Oresund Inwido AB ITAB Shop Concept AB JM AB KappAhl AB Kungsleden AB L E Lundbergforetagen AB Class B Lifco AB Class B Lindab International AB Loomis AB Class B Meda AB Class A Medivir AB Class Ba,b Mekonomen AB Modern Times Group MTG AB Class Bb Mycronic ABb NCC AB Class B NetEnt AB New Wave Group AB Class B Nibe Industrier AB Class B Nobia AB Nolato AB Class B Nordax Group ABa,c Nordnet AB Class B Opus Group ABb Orexo ABa,b Oriflame Holding AGa Pandox ABa

124,158 $ 4,457,180 608,666 10,166,625 4,715,899 184,822 173,440 10,398,898 487,607 66,022 877,934 159,348 118,156 1,001,515 2,325,514 222,762 922,484 9,543,989 778,803 78,590 159,348 5,498,012 3,000,412 193,494 2,041,135 44,986 60,704 3,407,315 292,680 10,514,291 31,978 896,864 893,892 71,002 874,772 28,184 7,184,887 248,236 681,678 164,226 615,170 4,236,629 4,213,222 77,506 85,094 2,206,253 2,078,155 260,702 5,930,669 213,548 678,042 12,517,126 802,415 115,988 67,750 1,722,790 4,522,656 150,676 150,134 1,174,318 9,992,293 292,138 5,464,286 86,720 55,826 257,473 302,436 10,517,940 491,052 5,603,751 1,418,802 52,574 93,766 479,206 760,784 221,136 483,507 893,758 71,544 445,899 2,851,381 141,729 105,690 1,795,654

330

Value

Security

Shares

Peab AB Ratos AB Class B RaySearch Laboratories ABa Recipharm AB Class Bb Rezidor Hotel Group AB Saab AB SAS ABa,b SkiStar AB SSAB AB Class Aa,b SSAB AB Class Ba,b Sweco AB Class B Swedish Orphan Biovitrum ABa,b Tethys Oil AB Thule Group AB (The)c Tobii ABa,b Trelleborg AB Class B Unibet Group PLC Vitrolife AB Vostok New Ventures Ltd.a,b Wallenstam AB Class B Wihlborgs Fastigheter AB

736,578 $ 6,151,578 549,588 3,218,424 65,040 940,441 72,628 1,217,641 214,632 909,633 172,898 5,920,271 528,664 1,515,656 27,244 378,651 475,876 2,001,391 611,918 2,121,990 202,662 3,142,575 439,562 6,416,084 164,226 1,177,071 139,294 2,005,429 60,704 416,172 739,830 13,491,780 615,712 6,953,425 22,362 1,095,459 231,032 1,316,077 315,986 2,658,671 146,882 2,984,346 287,020,398

SWITZERLAND — 4.29% AFG Arbonia-Forster Holding AG Registereda Allreal Holding AG Registered Ascom Holding AG Registered Autoneum Holding AG Banque Cantonale Vaudoise Registered Basilea Pharmaceutica AG Registereda,b BKW AG Bobst Group SA Registered Bossard Holding AGb Bucher Industries AG Registered Burckhardt Compression Holding AG Cembra Money Bank AG Clariant AG Registered Comet Holding AG Registered Cosmo Pharmaceuticals SAa,b Daetwyler Holding AG Bearer

65,490 33,604 174,004 12,466 7,046 30,894 24,390 15,718 16,260 24,932 13,008 57,452 821,130 1,084 11,382 20,154

Value

912,146 4,687,381 2,850,144 2,974,412 4,862,732 2,531,793 1,061,099 859,283 1,767,649 5,980,038 4,634,567 3,941,021 15,548,784 756,029 1,880,969 2,998,394

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April 30, 2016 Security

Shares

Value

dorma+kaba Holding AG Class B EFG International AG Emmi AG Evolva Holding SAa,b Flughafen Zuerich AG Registered Forbo Holding AG Registered GAM Holding AG Gategroup Holding AG Georg Fischer AG Registered Helvetia Holding AG Registered Huber & Suhner AG Registered Implenia AG Registered Inficon Holding AG Registered Intershop Holdings AG Kardex AG Bearer Komax Holding AG Registered Kudelski SA Bearer Kuoni Reisen Holding AG Class B Registereda,b Leonteq AGb Logitech International SA Registeredb Meyer Burger Technology AGa,b Mobilezone Holding AG Mobimo Holding AG Registered Molecular Partners AGa,b Myriad Group AGa,b OC Oerlikon Corp. AG Registered Orascom Development Holding AGa,b Panalpina Welttransport Holding AG Registered PSP Swiss Property AG Registered Rieter Holding AG Registered Santhera Pharmaceutical Holding AGa,b Schmolz + Bickenbach AG Registereda Schweiter Technologies AG Bearer SFS Group AG

11,924 $ 7,737,849 168,562 1,053,403 3,613,772 6,024 756,090 528,514 12,197 11,204,443 5,283,722 4,336 539,290 7,032,994 5,349,401 97,018 11,924 9,690,971 9,628,770 17,886 37,398 1,835,760 2,388,532 35,772 1,252,792 3,794 2,168 1,017,840 524,866 6,504 15,176 3,355,028 2,662,670 156,096 12,466 23,848 437,936 248,236 190,954 18,970 12,254 214,008 462,868 62,972

4,873,900 1,660,776 6,716,389 1,139,529 2,699,454 4,348,158 340,069 687,684 4,471,735 541,356

43,360 111,110 14,092 11,722 1,612,992 1,097 30,352

5,071,107 10,711,074 2,919,845 857,290 1,177,981 1,037,486 2,188,131

Security

Shares

Siegfried Holding AG Registered St Galler Kantonalbank AG Registered Straumann Holding AG Registered Sunrise Communications Group AGc Swissquote Group Holding SA Registered Tecan Group AG Registered Temenos Group AG Registered U-Blox AG Valiant Holding AG Registered Valora Holding AG Registered Vetropack Holding AG Bearer Vontobel Holding AG Registered Ypsomed Holding AG Zehnder Group AGa

2,710 $ 7,588 26,558 94,850 37,940 39,024 175,608 21,138 52,032 15,176 542 73,170 1,626 36,314

UNITED KINGDOM — 19.03% 888 Holdings PLCb AA PLC Abcam PLC Acacia Mining PLC Advanced Medical Solutions Group PLCb African Minerals Ltd.a,b Aldermore Group PLCa Allied Minds PLCa,b Amec Foster Wheeler PLC Amerisur Resources PLCa,b AO World PLCa,b Arrow Global Group PLC Ashmore Group PLCb ASOS PLCa,b Avanti Communications Group PLCa,b AVEVA Group PLC Balfour Beatty PLCa BBA Aviation PLC Beazley PLC Bellway PLC Berendsen PLC

388,614 1,572,884 495,388 462,326 1,012,456 490,220 377,774 546,878 1,112,184 2,765,826 494,304 447,150 905,140 140,378 670,432 198,914 1,850,388 3,283,978 1,379,879 381,568 673,164

Value 508,920 3,142,865 9,212,869 5,808,758 942,068 5,423,054 9,114,761 4,198,931 5,770,476 3,706,522 848,200 3,168,028 242,585 1,536,289 237,474,058 1,229,647 6,419,276 4,288,854 2,382,607 2,706,745 7 1,040,395 3,077,911 8,046,814 1,114,207 1,320,046 1,683,428 4,071,963 7,405,092 947,742 4,691,368 6,467,576 9,631,027 6,587,697 13,677,735 11,636,199

331

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April 30, 2016 Security

BGEO Group PLC Big Yellow Group PLC Bodycote PLC boohoo.com PLCa,b Booker Group PLC Bovis Homes Group PLC Brammer PLC Brewin Dolphin Holdings PLC Britvic PLC BTG PLCa Cable & Wireless Communications PLC Cairn Energy PLCa Cape PLC Capital & Counties Properties PLC Card Factory PLC Carillion PLCb Centamin PLC Chemring Group PLC Chesnara PLC Cineworld Group PLC Clinigen Healthcare Ltd.a Close Brothers Group PLC Costain Group PLC Countrywide PLC Crest Nicholson Holdings PLC CVS Group PLCb CYBG PLCa Daily Mail & General Trust PLC Class A NVS Dairy Crest Group PLC Dart Group PLC DCC PLC De La Rue PLC Debenhams PLC Derwent London PLC Devro PLC Dialight PLCa Dignity PLC Diploma PLC Domino’s Pizza Group PLC Drax Group PLC DS Smith PLC Dunelm Group PLC

332

Shares

Value

101,896 $ 3,418,227 305,688 3,609,289 5,725,840 655,820 1,696,460 1,186,657 4,360,390 10,347,814 5,428,003 424,928 339,834 868,701 2,736,773 681,836 731,700 7,545,951 9,288,713 1,071,089 7,591,816 8,185,246 5,509,700 1,679,831 1,198,474 356,094 2,341,982 12,127,778 3,890,353 728,990 1,253,104 5,396,879 5,309,321 2,997,812 2,340,121 1,117,105 1,261,311 281,840 4,297,873 566,390 172,356 1,353,317 7,996,707 450,402 211,380 973,078 3,140,654 603,246 4,641,284 608,124 107,316 1,164,906 6,132,331 1,887,790 783,732 590,780 439,170 246,068 394,307 3,749,556 299,726 785,457 103,522 116,530 320,864 436,852 99,470 2,394,556 232,518

8,013,667 4,889,703 4,017,662 21,844,194 2,798,572 4,306,299 14,419,023 3,213,097 859,094 4,165,200 3,438,299 5,877,894 465,701 13,375,193 3,009,341

Security Electrocomponents PLC Elementis PLC Enterprise Inns PLCa Entertainment One Ltd. Essentra PLC esure Group PLC Evraz PLCa Faroe Petroleum PLCa,b Fenner PLC Ferrexpo PLC Fevertree Drinks PLC FirstGroup PLCa Foxtons Group PLC Galliford Try PLC GAME Digital PLC Gem Diamonds Ltd. Genus PLC Globo PLCa Go-Ahead Group PLC Grafton Group PLC Grainger PLC Great Portland Estates PLC Greencore Group PLCb Greene King PLC Greggs PLC GVC Holdings PLC GW Pharmaceuticals PLCa,b Halfords Group PLC Halma PLC Hansteen Holdings PLCb Hays PLC Helical Bar PLC Henderson Group PLC Hikma Pharmaceuticals PLC Hiscox Ltd. Hochschild Mining PLCa Home Retail Group PLC Homeserve PLC Howden Joinery Group PLC Hunting PLC IG Group Holdings PLC Imagination Technologies Group PLCa,b Inchcape PLC Indivior PLC

Shares

Value

1,496,462 $ 5,660,179 1,351,206 4,273,488 1,713,435 2,177,436 721,402 1,955,048 701,348 8,342,532 857,986 3,373,424 1,004,326 2,089,158 798,908 924,554 505,144 1,061,880 858,638 471,682 205,418 1,837,098 3,503,488 5,124,565 755,548 1,599,330 177,776 3,323,013 160,355 267,791 395,383 784,812 173,440 3,811,086 1,080,378 16 148,017 5,561,696 736,036 7,445,108 997,280 3,252,000 897,552 9,966,372 1,323,564 6,995,516 931,903 11,166,891 358,961 5,431,951 737,312 5,854,083 711,716 4,751,620 651,091 4,025,922 1,208,378 15,789,775 1,546,326 2,351,293 4,215,134 7,909,860 144,714 813,518 3,438,276 12,873,892 398,370 12,861,940 895,536 11,813,403 995,112 2,270,431 2,216,780 5,540,002 866,151 5,255,475 1,856,892 13,437,605 370,728 1,990,387 1,156,628 13,097,291 662,866 1,512,384 1,209,202 12,000,972 1,829,250 4,308,910

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April 30, 2016 Security

Informa PLC Intermediate Capital Group PLC International Personal Finance PLC Interserve PLC iomart Group PLCb ITE Group PLC J D Wetherspoon PLC Jimmy Choo PLCa John Laing Group PLCc John Menzies PLC John Wood Group PLC JRP Group PLC Jupiter Fund Management PLC Just Eat PLCa,b Kainos Group PLC Kcom Group PLC Keller Group PLC Kier Group PLC Ladbrokes PLC Laird PLC Lancashire Holdings Ltd. LondonMetric Property PLC Lookers PLC Majestic Wine PLCa,b Man Group PLC Marston’s PLC Michael Page International PLC Micro Focus International PLC Mitchells & Butlers PLC Mitie Group PLCb Moneysupermarket.com Group PLC Morgan Advanced Materials PLC Mothercare PLCa,b N Brown Group PLC Nanoco Group PLCa,b National Express Group PLC NewRiver Retail Ltd. Northgate PLC Ocado Group PLCa,b OneSavings Bank PLC Ophir Energy PLCa Oxford Instruments PLC

Shares

Value

1,814,616 $17,398,133 962,080 8,653,421 2,772,708 707,310 555,008 3,474,085 790,356 199,456 1,646,347 723,905 401,622 3,900,671 285,017 159,348 174,524 543,278 1,341,080 183,738 966,386 8,840,795 2,522,959 1,252,562 5,851,573 949,042 1,252,641 7,037,206 591,715 215,716 1,290,106 1,956,023 2,798,898 216,258 3,949,397 226,556 4,262,805 2,482,902 4,122,725 807,789 491,594 3,957,150 4,321,526 1,861,228 428,180 872,493 1,557,885 243,358 4,666,078 10,088,965 2,571,248 5,412,638 5,645,749 948,097 552,298 12,370,556 2,760,638 701,348 782,648 3,110,459 5,054,368 1,099,176 3,721,815 1,077,007 499,915 891,607 1,641,506 417,340 592,374 338,430 6,693,111 1,407,574 652,096 3,080,701 1,882,839 318,696 5,808,810 1,341,450 213,006 894,598 2,018,533 1,828,708 162,600 1,563,736

Security P2P Global Investments PLC/Fund Paragon Group of Companies PLC (The) Paysafe Group PLCa Pennon Group PLC Petra Diamonds Ltd. Pets at Home Group PLC Phoenix Group Holdings Playtech PLC Poundland Group PLC Premier Farnell PLC Premier Foods PLCa Primary Health Properties PLC Puretech Health PLCa,b PZ Cussons PLC QinetiQ Group PLC Redcentric PLC Redde PLC Redefine International PLC/Isle of Man Redrow PLC Regus PLC Renishaw PLC Rentokil Initial PLC Restaurant Group PLC (The) Rightmove PLC Rotork PLC RPC Group PLC RPS Group PLC SafeCharge International Group Ltd. Safestore Holdings PLC Savills PLC Scapa Group PLC Schroder REIT Ltd. Senior PLC Serco Group PLCa Shaftesbury PLC Shanks Group PLC Shawbrook Group PLCa,c SIG PLC Sirius Minerals PLCa,b Skyepharma PLCa Sophos Group PLCc

Shares

Value

115,988 $ 1,567,428 960,966 4,183,744 1,266,654 7,073,252 1,116,520 13,281,001 1,699,757 2,938,171 672,080 2,386,502 482,720 6,081,378 574,579 6,771,487 537,664 1,354,714 1,385,352 2,460,652 2,291,034 1,308,894 2,000,138 3,127,779 177,234 337,519 493,762 2,328,343 2,177,795 7,136,598 155,554 428,398 694,302 1,576,480 1,665,566 1,150,896 768,014 4,308,997 2,092,839 8,964,405 93,766 2,604,306 5,401,030 13,932,986 683,462 2,754,313 288,886 16,326,646 2,233,040 6,117,111 844,912 9,029,112 524,114 1,339,768 160,432 565,216 404,332 2,005,549 307,856 3,346,261 339,834 1,212,199 539,290 462,154 1,041,724 3,320,625 3,035,949 4,269,470 907,308 12,094,959 1,033,594 1,215,076 199,456 837,397 2,019,492 4,008,572 5,397,778 1,541,906 177,234 1,218,964 495,930 1,491,481

333

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April 30, 2016 Security

Spectris PLC Speedy Hire PLC Spirax-Sarco Engineering PLC Spire Healthcare Group PLCc Spirent Communications PLC SSP Group PLC ST Modwen Properties PLC Stagecoach Group PLC Stobart Group Ltd. Stock Spirits Group PLC SuperGroup PLC SVG Capital PLCa Synthomer PLC TalkTalk Telecom Group PLCb Ted Baker PLC Telecom Plus PLCb Telford Homes PLCb Telit Communications PLCb Thomas Cook Group PLCa Topps Tiles PLC Tritax Big Box REIT PLC TT electronics PLC Tullett Prebon PLC Tullow Oil PLCa UBM PLC UDG Healthcare PLCb Ultra Electronics Holdings PLC UNITE Group PLC (The) Vectura Group PLCa Vedanta Resources PLCb Vesuvius PLC Victrex PLC Virgin Money Holdings UK PLC VTTI Energy Partners LP WH Smith PLC Workspace Group PLC WS Atkins PLC Xaar PLC Xchanging PLCa Zeal Network SE Zoopla Property Group PLCc TOTAL COMMON STOCKS (Cost: $5,122,993,091)

334

Shares

Value

323,574 $ 8,631,610 1,643,886 884,988 192,410 9,625,573 742,540 3,563,461 2,136,564 2,456,936 1,137,116 4,792,398 549,588 2,466,802 1,337,114 5,043,754 635,224 958,456 695,386 1,642,608 139,836 2,497,071 444,374 3,352,464 679,126 3,462,086 2,267,728 8,883,020 80,758 2,821,514 192,410 2,624,131 82,384 401,276 284,550 820,128 4,103,482 5,304,879 362,056 721,312 1,848,360 3,674,301 572,894 1,300,811 830,344 4,119,851 2,569,580 10,528,412 1,123,024 9,360,727 923,032 8,275,161 261,244 6,758,422 748,552 6,935,708 1,542,041 3,885,372 146,442 905,073 813,000 3,826,569 234,686 4,813,084 572,894 3,064,040 30,356 607,120 382,652 9,389,167 253,114 3,096,071 324,889 6,339,390 281,298 1,998,557 671,972 1,860,464 14,092 652,954 657,988 2,838,648 1,053,622,348 5,476,203,347

Security

Shares

Value

4,501,937

$ 7,111,804 7,111,804

INVESTMENT COMPANIES — 0.13% AUSTRALIA — 0.13% Spark Infrastructure Group TOTAL INVESTMENT COMPANIES (Cost: $6,722,911)

7,111,804

PREFERRED STOCKS — 0.28% GERMANY — 0.26% Biotest AG Draegerwerk AG & Co. KGaA Jungheinrich AG Sartorius AG Sixt SE

66,666 19,512 45,528 25,474 29,268

1,210,622 1,294,623 4,293,136 6,286,105 1,280,209 14,364,695

ITALY — 0.02% Italmobiliare SpA

36,744

1,184,264 1,184,264

TOTAL PREFERRED STOCKS (Cost: $12,890,540)

15,548,959

RIGHTS — 0.00% AUSTRALIA — 0.00% CuDeco Ltd.a,b GERMANY — 0.00% Manz AGa,b SWEDEN — 0.00% Hemfosa Fastigheter ABa

102,297

1 1

9,756

10,615 10,615

222,762

80,525 80,525

TOTAL RIGHTS (Cost: $0)

91,141

WARRANTS — 0.00% SINGAPORE — 0.00% Ezion Holdings Ltd. (Expires 04/20/24)a,b TOTAL WARRANTS (Cost: $0)

542,395

64,569 64,569 64,569

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Shares

Value

SHORT-TERM INVESTMENTS — 7.40%

MONEY MARKET FUNDS — 7.40% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g 388,449,415 BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g 21,194,767 BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f 86,182 TOTAL SHORT-TERM INVESTMENTS (Cost: $409,730,364) TOTAL INVESTMENTS IN SECURITIES — 106.72% (Cost: $5,552,336,906) Other Assets, Less Liabilities — (6.72)% NET ASSETS — 100.00%

$ 388,449,415 21,194,767 86,182 409,730,364 409,730,364

5,908,750,184 (371,883,316) $5,536,866,868

NVS — Non-Voting Shares a b c

d e f

g

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

335

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For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 98.46%

AUSTRALIA — 7.01% AGL Energy Ltd. Alumina Ltd. AusNet Services Australia & New Zealand Banking Group Ltd. Bank of Queensland Ltd. Bendigo & Adelaide Bank Ltd. BHP Billiton Ltd. CIMIC Group Ltd. Coca-Cola Amatil Ltd. Dexus Property Group Fortescue Metals Group Ltd.a GPT Group (The) Harvey Norman Holdings Ltd. Insurance Australia Group Ltd. LendLease Group Mirvac Group National Australia Bank Ltd. Orica Ltd. Origin Energy Ltd. QBE Insurance Group Ltd. Rio Tinto Ltd. Santos Ltd. Scentre Group South32 Ltd.b Stockland Suncorp Group Ltd. Tatts Group Ltd. Vicinity Centres Westpac Banking Corp. Woodside Petroleum Ltd. Woolworths Ltd.

1,325,940 169,076 204,556 1,463,238 47,548 133,305 436,999 711,929 804,206 168,784 1,097,095 163,528 1,670,756 1,194,816 170,244 798,069 309,389 194,053 271,190 2,414,665 2,459,163 1,073,004 583,737 337,422 1,520,097 1,513,742 337,953 372,951

24,558,604 1,451,592 1,454,917 23,092,744 1,298,685 874,893 2,808,035 1,852,683 3,087,062 577,058 4,830,923 1,584,915 2,384,321 24,792,497 1,987,803 3,343,665 2,632,630 7,634,121 993,402 8,642,507 3,115,340 3,578,432 5,568,488 970,789 3,851,407 35,869,350 7,309,138 6,292,896 192,189,088

AUSTRIA — 0.31% Erste Group Bank AGb IMMOFINANZ AG Escrowb OMV AG Raiffeisen Bank International AGb Voestalpine AG

126,567 269,008 68,780 53,731 52,271

3,641,482 3 2,064,749 858,801 1,884,662 8,449,697

91,255

3,580,816

BELGIUM — 0.87% Ageas

336

308,268 $ 413,364 832,969

4,302,810 471,611 975,770

Security

Shares

Value

Delhaize Group Groupe Bruxelles Lambert SA KBC Groep NV Proximus SADP Solvay SA Umicore SA

47,015 $ 4,928,763 36,750 3,246,524 114,072 6,405,882 70,954 2,387,222 22,344 2,258,722 21,749 1,084,217 23,892,146

DENMARK — 0.47% AP Moeller - Maersk A/S Class A AP Moeller - Maersk A/S Class B Carlsberg A/S Class B TDC A/S Tryg A/S

1,764 3,234 31,659 369,882 53,439

2,402,382 4,548,691 3,083,906 1,893,153 1,009,028 12,937,160

FINLAND — 1.02% Elisa OYJ Fortum OYJ Metso OYJ Neste OYJ Nokian Renkaat OYJ Orion OYJ Class B Sampo OYJ Class A Stora Enso OYJ Class R UPM-Kymmene OYJ Wartsila OYJ Abp

23,216 201,954 50,507 59,435 54,243 15,615 202,662 250,402 241,642 66,587

867,114 3,044,012 1,214,233 1,901,983 2,001,738 544,766 8,850,690 2,185,399 4,616,432 2,855,376 28,081,743

774,508 896,558 482,489 91,740 25,260 215,649

4,375,090 22,606,591 25,553,079 3,059,765 1,503,282 9,878,503

85,205 78,990 476,735 94,080 110,236 663,916 78,105 14,130 16,355

8,895,283 1,344,854 5,274,086 1,855,532 1,583,916 10,949,988 2,426,535 1,337,428 2,365,876

FRANCE — 11.66% ArcelorMittala AXA SA BNP Paribas SA Bouygues SA Casino Guichard Perrachon SAa Cie. de Saint-Gobain Cie. Generale des Etablissements Michelin Class B CNP Assurances Credit Agricole SA Edenred Electricite de France SAa Engie SA Eutelsat Communications SA Fonciere des Regions Gecina SA

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April 30, 2016 Security

ICADE Imerys SA Kering Lagardere SCA Natixis SA Orange SA Renault SA Rexel SA Sanofi Schneider Electric SE SCOR SE SES SA Societe Generale SA STMicroelectronics NV Suez Environnement Co. Technip SA Total SA Unibail-Rodamco SE Veolia Environnement SA Vinci SA Vivendi SA Wendel SA GERMANY — 7.90% Allianz SE Registered Axel Springer SE BASF SE Bayerische Motoren Werke AG Commerzbank AG Daimler AG Registered Deutsche Bank AG Registered Deutsche Post AG Registered E.ON SE Evonik Industries AG Hannover Rueck SE K+S AG Registered METRO AG Muenchener RueckversicherungsGesellschaft AG in Muenchen Registered RTL Group SAb RWE AGb Siemens AG Registered

Shares

Value

15,331 $ 1,207,206 16,207 1,196,550 3,829,110 22,340 55,045 1,460,770 2,347,094 425,418 15,026,017 906,019 87,318 8,428,811 2,046,515 135,057 534,933 44,180,730 16,501,383 253,471 70,222 2,391,548 4,040,581 148,072 12,957,433 330,309 103,665 636,882 2,522,536 136,796 47,605 2,786,740 50,369,037 1,001,070 12,132,089 45,267 5,040,707 205,128 16,212,338 216,967 528,318 10,141,622 1,410,018 12,201 319,875,525 208,299 10,513 417,921 151,840 483,168 286,797 627,837 436,728 907,751 62,794 27,158 87,167 81,631

35,368,764 587,122 34,535,721 13,999,743 4,515,713 19,935,620 11,843,458 12,825,286 9,366,586 1,989,697 3,097,476 2,174,443 2,594,515

76,054 18,239 223,558 361,053

14,107,206 1,524,136 3,340,199 37,681,022

Security

Shares

Volkswagen AGa Vonovia SE

16,296 $ 138,571

HONG KONG — 3.16% Bank of East Asia Ltd. (The)a BOC Hong Kong Holdings Ltd. Cathay Pacific Airways Ltd. CK Hutchison Holdings Ltd. CLP Holdings Ltd. First Pacific Co. Ltd./Hong Kong Hang Lung Properties Ltd. Hang Seng Bank Ltd. HK Electric Investments & HK Electric Investments Ltd.a,c Hongkong Land Holdings Ltd. Hysan Development Co. Ltd. Kerry Properties Ltd. Li & Fung Ltd. MTR Corp. Ltd. New World Development Co. Ltd. NWS Holdings Ltd. PCCW Ltd. Power Assets Holdings Ltd. Sands China Ltd. Sino Land Co. Ltd. SJM Holdings Ltd.a Sun Hung Kai Properties Ltd. Swire Pacific Ltd. Class A Swire Properties Ltd. WH Group Ltd.b,c Wharf Holdings Ltd. (The) Wheelock & Co. Ltd. Yue Yuen Industrial Holdings Ltd. IRELAND — 0.00% Irish Bank Resolution Corp. Ltd.b ISRAEL — 0.75% Bank Hapoalim BM Bank Leumi le-Israel BMb Bezeq The Israeli Telecommunication Corp. Ltd. Delek Group Ltd. Israel Chemicals Ltd.

Value 2,582,249 4,663,758 216,732,714

525,800 1,690,500 441,000 1,249,500 876,500 1,176,000 1,029,088 338,100

1,914,847 5,066,793 704,945 14,980,083 8,107,162 745,877 2,053,612 6,145,529

955,500 248,400 294,000 294,000 1,764,000 294,000 2,436,000 735,000 1,617,000 661,500 1,117,200 1,470,000 877,000 783,000 294,000 496,600 1,679,000 588,419 441,000 294,000

859,768 1,577,340 1,301,874 801,591 1,093,802 1,455,370 2,430,599 1,119,953 1,096,455 6,306,132 4,003,785 2,315,707 590,154 9,897,018 3,196,888 1,293,162 1,359,269 3,193,477 2,046,615 1,072,578 86,730,385

246,432

3 3

483,815 640,920

2,491,339 2,362,776

889,620 2,191 241,642

1,899,604 389,831 1,200,279

337

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April 30, 2016 Security

Shares

Mizrahi Tefahot Bank Ltd. Teva Pharmaceutical Industries Ltd.

59,682 $ 692,359 206,750 11,637,823 20,674,011

ITALY — 2.65% Assicurazioni Generali SpA Atlantia SpA Banco Popolare SC CNH Industrial NV Enel SpA Eni SpA Mediobanca SpA Snam SpA Telecom Italia SpA/Milanob Tenaris SA Terna Rete Elettrica Nazionale SpA UniCredit SpA UnipolSai SpA JAPAN — 22.48% Aeon Co. Ltd. Aeon Mall Co. Ltd. Aisin Seiki Co. Ltd. Alfresa Holdings Corp. Amada Holdings Co. Ltd. Aozora Bank Ltd. Asahi Glass Co. Ltd. Asahi Kasei Corp. Bank of Kyoto Ltd. (The) Benesse Holdings Inc. Bridgestone Corp. Brother Industries Ltd. Canon Inc. Chiba Bank Ltd. (The) Chubu Electric Power Co. Inc. Chugoku Bank Ltd. (The) Chugoku Electric Power Co. Inc. (The) Citizen Holdings Co. Ltd. Concordia Financial Group Ltd.b Dai Nippon Printing Co. Ltd. Dai-ichi Life Insurance Co. Ltd. (The)

338

Value

529,885 64,389 153,728 426,965 3,570,544 1,157,880 262,837 955,465 3,402,834 216,090 689,468 1,081,599 507,666

8,083,954 1,793,549 1,085,486 3,276,462 16,186,322 18,831,716 2,159,963 5,832,839 3,312,819 2,915,533 3,888,393 4,179,741 1,185,005 72,731,782

147,000 29,400 88,200 87,700 161,700 441,000 441,000 588,000 147,000 14,700 294,000 102,900 485,100 325,000 294,000 74,000 132,300 116,900 584,000 294,000 249,900

2,257,998 420,687 3,569,382 1,752,443 1,682,061 1,611,580 2,674,975 4,174,995 1,027,674 426,595 11,309,912 1,228,126 14,109,362 1,713,164 3,985,672 793,981 1,763,258 681,766 2,796,781 2,860,451 3,197,468

Security Daihatsu Motor Co. Ltd. Daiichi Sankyo Co. Ltd. Daiwa House Industry Co. Ltd. Daiwa Securities Group Inc. Eisai Co. Ltd. Electric Power Development Co. Ltd. FamilyMart Co. Ltd. FANUC Corp. FUJIFILM Holdings Corp. Fukuoka Financial Group Inc. Gunma Bank Ltd. (The) Hachijuni Bank Ltd. (The) Hankyu Hanshin Holdings Inc. Hino Motors Ltd. Hirose Electric Co. Ltd. Hiroshima Bank Ltd. (The) Hisamitsu Pharmaceutical Co. Inc. Hitachi Chemical Co. Ltd. Hitachi Construction Machinery Co. Ltd. Hitachi High-Technologies Corp. Hitachi Ltd. Hokuhoku Financial Group Inc. Hokuriku Electric Power Co. Honda Motor Co. Ltd. Idemitsu Kosan Co. Ltd. INPEX Corp. Isetan Mitsukoshi Holdings Ltd. Isuzu Motors Ltd. ITOCHU Corp. Itochu Techno-Solutions Corp. Iyo Bank Ltd. (The) Japan Airlines Co. Ltd. Japan Post Bank Co. Ltd. Japan Post Holdings Co. Ltd. Japan Prime Realty Investment Corp. Japan Real Estate Investment Corp. Japan Retail Fund Investment Corp. JFE Holdings Inc. Joyo Bank Ltd. (The)

Shares

Value

88,200 $ 1,236,506 294,000 7,147,007 294,000 8,141,708 735,000 4,439,058 116,900 7,467,746 58,820 1,822,406 29,400 1,590,972 88,200 13,605,692 205,800 8,788,263 294,000 1,038,665 151,000 619,552 162,000 734,333 294,000 1,909,715 58,800 594,622 4,600 580,831 147,000 552,306 14,700 718,548 14,700 257,743 44,100 728,714 29,400 829,833 2,205,000 10,625,711 588,000 769,382 73,500 986,457 735,000 20,556,919 44,100 971,070 423,500 3,515,610 73,500 813,346 264,600 2,956,487 715,500 9,462,428 14,700 296,762 116,900 799,764 58,500 2,161,321 176,400 2,217,468 205,800 2,856,330 449 2,008,005 588 3,704,024 1,176 2,924,750 220,500 3,255,103 294,000 1,063,395

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April 30, 2016 Security

JSR Corp. JX Holdings Inc. Kamigumi Co. Ltd. Kansai Electric Power Co. Inc. (The)b KDDI Corp. Kirin Holdings Co. Ltd. Kobe Steel Ltd. Komatsu Ltd. Kuraray Co. Ltd. Kurita Water Industries Ltd. Kyocera Corp. Kyowa Hakko Kirin Co. Ltd. Kyushu Financial Group Inc. Lawson Inc. Marubeni Corp. Maruichi Steel Tube Ltd. McDonald’s Holdings Co. Japan Ltd.a Medipal Holdings Corp. Miraca Holdings Inc. Mitsubishi Chemical Holdings Corp. Mitsubishi Corp. Mitsubishi Electric Corp. Mitsubishi Gas Chemical Co. Inc. Mitsubishi Materials Corp. Mitsubishi Motors Corp. Mitsubishi Tanabe Pharma Corp. Mitsubishi UFJ Financial Group Inc. Mitsubishi UFJ Lease & Finance Co. Ltd. Mitsui & Co. Ltd. Mitsui OSK Lines Ltd. Mizuho Financial Group Inc. MS&AD Insurance Group Holdings Inc. Nagoya Railroad Co. Ltd. NEC Corp. NH Foods Ltd. NHK Spring Co. Ltd. Nippon Building Fund Inc. Nippon Electric Glass Co. Ltd. Nippon Express Co. Ltd.

Shares

Value

88,200 $ 1,253,817 1,007,500 4,431,324 1,371,148 147,000 323,400 2,953,657 396,900 11,755,466 5,685,044 382,200 1,470,000 1,483,808 7,334,132 411,600 44,100 579,509 362,983 14,700 147,000 7,519,333 927,146 50,000 874,673 160,800 14,700 1,167,812 2,079,931 379,700 14,700 441,021 369,049 14,800 725,005 44,100 646,418 14,700 1,588,334 292,100 617,400 10,750,186 9,875,564 882,000 147,000 833,955 1,454,956 441,000 1,164,517 277,500 102,900 1,887,870 5,767,300 28,034,700 249,900 1,135,113 9,703,134 773,900 585,000 1,295,808 10,650,500 16,703,153 4,078,632 147,008 148,000 763,550 1,112,856 441,000 25,000 568,017 677,331 73,500 593 3,802,028 913,080 167,000 2,097,939 441,000

Security Nippon Prologis REIT Inc. Nippon Steel & Sumitomo Metal Corp. Nippon Telegraph & Telephone Corp. Nippon Yusen KK Nissan Motor Co. Ltd. Nisshin Seifun Group Inc. Nissin Foods Holdings Co. Ltd. NOK Corp. Nomura Holdings Inc. Nomura Real Estate Holdings Inc. NSK Ltd. NTT DOCOMO Inc. NTT Urban Development Corp. Odakyu Electric Railway Co. Ltd. ORIX Corp. Osaka Gas Co. Ltd. Otsuka Holdings Co. Ltd. Panasonic Corp. Resona Holdings Inc. Ricoh Co. Ltd. Rinnai Corp. Rohm Co. Ltd. Sankyo Co. Ltd. Sanrio Co. Ltd.a SBI Holdings Inc./Japan Secom Co. Ltd. Sega Sammy Holdings Inc. Seiko Epson Corp. Sekisui Chemical Co. Ltd. Sekisui House Ltd. Shinsei Bank Ltd. Shizuoka Bank Ltd. (The) Showa Shell Sekiyu KK Sompo Japan Nipponkoa Holdings Inc. Sumitomo Corp. Sumitomo Electric Industries Ltd. Sumitomo Heavy Industries Ltd. Sumitomo Metal Mining Co. Ltd. Sumitomo Mitsui Financial Group Inc.

Shares

Value

735 $ 1,790,186 338,100 7,391,148 308,700 14,033,523 735,000 1,490,677 1,124,300 10,507,968 44,130 741,996 14,700 697,939 44,100 769,107 1,631,500 7,302,447 58,800 1,112,306 205,800 1,896,526 646,800 15,699,235 29,400 286,869 147,000 1,639,058 602,700 8,936,712 893,000 3,311,766 176,400 7,082,709 350,500 3,257,509 992,900 3,648,846 323,400 3,427,596 5,700 520,482 31,400 1,438,011 29,400 1,145,829 14,800 299,610 102,900 1,117,527 29,400 2,320,510 88,200 990,854 132,300 2,282,591 176,400 2,286,712 279,300 5,041,992 735,000 1,071,639 294,000 2,266,928 73,500 788,616 73,500 2,019,971 511,100 5,588,925 338,100 4,250,147 294,000 1,299,706 223,000 2,609,430 573,300 18,287,517

339

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April 30, 2016 Security

Sumitomo Mitsui Trust Holdings Inc. Sumitomo Rubber Industries Ltd. Suzuken Co. Ltd./Aichi Japan T&D Holdings Inc. Taisho Pharmaceutical Holdings Co. Ltd. Takashimaya Co. Ltd. Takeda Pharmaceutical Co. Ltd. THK Co. Ltd. Tobu Railway Co. Ltd. Tokio Marine Holdings Inc. Tokyo Electric Power Co. Holdings Inc.b Tokyo Electron Ltd. Tokyo Gas Co. Ltd. Tokyo Tatemono Co. Ltd. Tokyu Corp. Tokyu Fudosan Holdings Corp. Toppan Printing Co. Ltd. Toshiba Corp.a,b Toyo Suisan Kaisha Ltd. Toyoda Gosei Co. Ltd. Toyota Industries Corp. Toyota Motor Corp. Toyota Tsusho Corp. Trend Micro Inc./Japan United Urban Investment Corp. Yamaguchi Financial Group Inc. Yamazaki Baking Co. Ltd. Yokohama Rubber Co. Ltd. (The)

Shares

Value

1,470,050 $ 4,734,607 73,500 1,167,812 613,459 17,160 264,600 2,674,563 1,236,506 14,700 1,108,734 147,000 352,800 17,350,658 1,505,103 73,500 294,000 1,544,259 10,643,435 308,700 321,300 1,771,737 5,090,972 73,500 4,665,339 1,029,000 37,700 513,731 1,303,827 147,000 102,300 724,739 2,602,159 294,000 4,197,252 1,911,000 539,464 14,800 563,572 29,400 73,500 3,342,002 41,947,242 793,800 102,900 2,423,553 574,975 14,700 2,056,448 1,176 89,000 852,610 244,124 10,000 46,500 817,048 616,649,932

NETHERLANDS — 1.63% Aegon NV AerCap Holdings NVa,b Boskalis Westminster ING Groep NV CVA Koninklijke DSM NV Koninklijke KPN NV Koninklijke Vopak NV NN Group NV

835,107 25,725 38,977 1,761,354 82,202 953,442 32,566 143,935

4,793,925 1,029,257 1,625,202 21,575,727 5,042,675 3,751,103 1,769,672 4,988,539 44,576,100

NEW ZEALAND — 0.18% Contact Energy Ltd.

150,606

534,981

340

Security

Shares

Fletcher Building Ltd. Meridian Energy Ltd. Mighty River Power Ltd. Spark New Zealand Ltd.

291,817 $ 1,701,802 597,188 1,106,597 315,332 665,897 312,292 810,153 4,819,430

NORWAY — 1.13% DNB ASA Gjensidige Forsikring ASA Norsk Hydro ASA Orkla ASA Schibsted ASA Schibsted ASA Class Bb Statoil ASA Telenor ASA Yara International ASA PORTUGAL — 0.24% Banco Comercial Portugues SA Registereda,b EDP - Energias de Portugal SA Galp Energia SGPS SA SINGAPORE — 1.57% Ascendas REIT CapitaLand Commercial Trust Ltd. CapitaLand Mall Trust Golden Agri-Resources Ltd. Hutchison Port Holdings Trust Jardine Cycle & Carriage Ltd. Jardine Matheson Holdings Ltd. Keppel Corp. Ltd.a Noble Group Ltd.a,b Oversea-Chinese Banking Corp. Ltd. SembCorp Industries Ltd. Sembcorp Marine Ltda Singapore Press Holdings Ltd.a Singapore Telecommunications Ltd. Suntec REIT United Overseas Bank Ltd.a UOL Group Ltd.

Value

446,965 89,196 614,105 247,548 13,287 17,813 508,410 340,929 81,187

5,722,813 1,527,520 2,671,531 2,161,186 387,603 506,361 8,984,550 5,868,195 3,250,565 31,080,324

10,562,286 1,047,505 176,011

468,174 3,724,053 2,418,121 6,610,348

363,550 934,500 1,131,900 3,212,200 2,584,400 58,800 117,600 657,100 2,204,800 920,200 467,300 379,700 457,600 1,255,700 1,080,500 588,000 189,900

665,402 994,260 1,743,263 955,976 1,150,058 1,689,562 6,503,280 2,640,036 754,591 6,004,356 1,004,797 471,782 1,382,282 3,606,266 1,354,594 8,137,197 867,517

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April 30, 2016 Security

Shares

Wilmar International Ltd. Yangzijiang Shipbuilding Holdings Ltd.a

876,100 $ 890,700

SPAIN — 4.00% ACS Actividades de Construccion y Servicios SA Banco Bilbao Vizcaya Argentaria SA Banco Popular Espanol SAa Banco Santander SA Bankia SA CaixaBank SA Enagas SA Endesa SA Ferrovial SA Gas Natural SDG SA Iberdrola SA Mapfre SA Repsol SA Telefonica SA Zardoya Otis SA SWEDEN — 2.62% Husqvarna AB Class B ICA Gruppen AB Industrivarden AB Class C Nordea Bank AB Sandvik AB Skandinaviska Enskilda Banken AB Class A Skanska AB Class B SKF AB Class B Svenska Handelsbanken AB Class A Swedbank AB Class A Tele2 AB Class B Telefonaktiebolaget LM Ericsson Class B Telia Co. AB SWITZERLAND — 6.21% ABB Ltd. Registered Adecco SA Registered

Value 2,418,311 656,072 42,999,602

45,390 1,505,133 282,366 6,591,774 2,119,005 465,696 63,923 148,287 141,561 160,131 2,512,008 515,258 505,537 2,062,263 48,273

1,501,137 10,314,113 768,093 33,378,040 1,973,152 1,402,268 1,947,863 3,114,024 3,046,551 3,331,569 17,849,695 1,307,183 6,626,844 22,491,076 512,533 109,564,141

187,990 23,520 71,001 1,383,417 483,575

1,499,712 773,109 1,293,912 13,441,948 4,966,884

691,225 172,872 180,189 681,051 412,929 146,883 1,383,123 1,180,649

6,608,574 3,805,470 3,321,922 9,075,077 8,914,896 1,402,469 11,206,426 5,643,898 71,954,297

1,000,352 74,756

21,165,507 4,816,049

Security

Shares

Aryzta AG Baloise Holding AG Registered Credit Suisse Group AG Registered Julius Baer Group Ltd. Nestle SA Registered Novartis AG Registered Pargesa Holding SA Bearer Sulzer AG Registered Swiss Life Holding AG Registered Swiss Prime Site AG Registered Swiss Re AG Swisscom AG Registered Syngenta AG Registered Zurich Insurance Group AG

39,714 $ 1,543,398 22,779 2,820,936 816,879 12,417,243 36,210 1,549,267 508,754 37,950,872 362,796 27,706,486 14,012 974,335 6,198 566,129 14,455 3,651,075 29,967 2,627,779 160,524 14,252,053 11,829 6,003,973 42,491 17,022,998 68,502 15,344,162 170,412,262

UNITED KINGDOM — 22.60% 3i Group PLC Aberdeen Asset Management PLC Admiral Group PLC Anglo American PLCa Antofagasta PLC AstraZeneca PLC Aviva PLC BAE Systems PLC Barclays PLC BHP Billiton PLC BP PLC British Land Co. PLC (The) Centrica PLC Cobham PLC Direct Line Insurance Group PLC G4S PLC GKN PLC GlaxoSmithKline PLC Glencore PLC Hammerson PLC HSBC Holdings PLC ICAP PLC IMI PLC Imperial Brands PLC Intu Properties PLC

441,401 421,668 95,635 637,245 118,516 575,211 1,837,529 1,430,102 7,642,089 963,291 8,351,070 442,401 2,313,927 528,759 628,604 255,074 392,321 2,215,584 5,558,217 358,607 8,923,635 254,052 116,847 435,120 428,530

Value

3,062,339 1,845,075 2,601,579 7,126,345 838,904 33,098,395 11,639,335 9,999,234 19,199,260 13,167,216 45,722,671 4,659,650 8,080,983 1,192,852 3,332,529 703,972 1,601,721 47,353,467 13,263,705 3,070,517 59,151,893 1,743,574 1,600,433 23,702,006 1,910,255

341

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April 30, 2016 Security

Investec PLC J Sainsbury PLC Kingfisher PLC Land Securities Group PLC Legal & General Group PLC Lloyds Banking Group PLC Marks & Spencer Group PLC Meggitt PLC National Grid PLC Old Mutual PLC Pearson PLC Petrofac Ltd. Rexam PLC Rio Tinto PLC Rolls-Royce Holdings PLC Rolls-Royce Holdings PLC Newb Royal Bank of Scotland Group PLCb Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B Royal Mail PLC RSA Insurance Group PLC Segro PLC Severn Trent PLC Smiths Group PLC SSE PLC Standard Chartered PLC Standard Life PLC Tate & Lyle PLC Vodafone Group PLC Weir Group PLC (The) William Hill PLC Wm Morrison Supermarkets PLC

Shares

Value

167,324 $ 602,357 1,035,136 180,465 941,579 25,955,202 737,731 349,786 1,700,349 2,227,334 370,858 119,872 315,318 566,205 832,208 59,086,768 1,579,368 1,792,518 1,808,688 396,606 465,178 341,656 72,119 179,716 457,441 1,490,580 891,810 213,316 12,101,187 95,509 402,687 1,008,714

TOTAL COMMON STOCKS (Cost: $2,975,497,095)

1,281,941 2,549,234 5,518,077 2,992,593 3,077,263 25,501,222 4,576,777 2,104,434 24,280,737 6,052,538 4,373,325 1,483,825 2,886,935 19,081,135 8,161,890 86,556 5,321,321 46,727,203 47,320,942 2,828,833 3,128,490 2,090,556 2,352,763 2,916,989 10,118,597 12,055,391 4,260,214 1,837,422 38,857,673 1,678,935 1,844,607 2,823,820 619,840,148

2,700,800,838

PREFERRED STOCKS — 0.78% GERMANY — 0.66% Bayerische Motoren Werke AG Porsche Automobil Holding SE Volkswagen AG

342

24,822 69,652 84,394

1,971,611 3,887,479 12,222,735 18,081,825

Shares

Security ITALY — 0.12% Intesa Sanpaolo SpA Telecom Italia SpA/Milano

428,635 2,725,452

TOTAL PREFERRED STOCKS (Cost: $26,399,229)

Value

$

1,127,191 2,138,292 3,265,483 21,347,308

SHORT-TERM INVESTMENTS — 1.05% MONEY MARKET FUNDS — 1.05% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%d,e,f BlackRock Cash Funds: Prime, SL Agency Shares 0.49%d,e,f BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%d,e

26,326,735

26,326,735

1,436,452

1,436,452

1,088,168

1,088,168 28,851,355

TOTAL SHORT-TERM INVESTMENTS (Cost: $28,851,355) TOTAL INVESTMENTS IN SECURITIES — 100.29% (Cost: $3,030,747,679) Other Assets, Less Liabilities — (0.29)% NET ASSETS — 100.00% a b c d e f

28,851,355

2,750,999,501 (7,944,536) $2,743,054,965

All or a portion of this security represents a security on loan. See Note 1. Non-income earning security. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Schedule of Investments (Unaudited) iSHARES® MSCI EUROPE FINANCIALS ETF

For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 98.87%

AUSTRIA — 0.60% Erste Group Bank AGa IMMOEAST AG Escrowa IMMOFINANZ AG Escrowa Raiffeisen Bank International AGa BELGIUM — 1.78% Ageas Groupe Bruxelles Lambert SA KBC Groep NV

DENMARK — 1.35% Danske Bank A/S Tryg A/S FINLAND — 1.19% Sampo OYJ Class A FRANCE — 12.92% AXA SA BNP Paribas SA CNP Assurances Credit Agricole SA Eurazeo SA Fonciere des Regions Gecina SA ICADE Klepierre Natixis SA SCOR SE Societe Generale SA Unibail-Rodamco SE Wendel SA GERMANY — 11.77% Allianz SE Registered Commerzbank AG Deutsche Bank AG Registered Deutsche Boerse AG Deutsche Wohnen AG Bearer Hannover Rueck SE Muenchener RueckversicherungsGesellschaft AG in Muenchen Registered

Security Vonovia SE

40,873 $ 1,175,964 740 — — 328 17,224 275,297 1,451,261 29,480 11,879 36,782

1,156,786 1,049,400 2,065,548 4,271,734

103,332 17,014

2,922,675 321,256 3,243,931

65,584

2,864,196 2,864,196

288,811 155,117 25,376 154,748 5,901 4,528 5,200 5,019 32,570 137,191 22,617 106,279 13,881 4,252

7,282,331 8,215,145 432,042 1,711,966 415,660 428,583 752,220 395,210 1,532,263 756,903 770,266 4,169,136 3,720,271 491,386 31,073,382

66,920 156,112 201,858 28,303 49,660 8,872

11,362,886 1,459,031 3,807,830 2,323,962 1,521,204 1,011,886

24,442

4,533,730

Shares

Value

68,395 $ 2,301,908 28,322,437

IRELAND — 0.51% Bank of Irelanda

4,012,321

1,217,810 1,217,810

ITALY — 5.43% Assicurazioni Generali SpA Banco Popolare SC EXOR SpA Intesa Sanpaolo SpA Mediobanca SpA UniCredit SpA Unione di Banche Italiane SpA UnipolSai SpA

171,096 50,691 16,331 1,857,779 83,043 698,431 131,972 162,675

2,610,250 357,933 613,514 5,149,291 682,438 2,699,023 559,572 379,720 13,051,741

NETHERLANDS — 4.19% Aegon NV ING Groep NV CVA NN Group NV

267,100 566,758 46,380

1,533,285 6,942,509 1,607,451 10,083,245

NORWAY — 0.97% DNB ASA Gjensidige Forsikring ASA

143,177 29,251

1,833,198 500,936 2,334,134

PORTUGAL — 0.11% Banco Comercial Portugues SA Registereda,b

6,092,787

270,063 270,063

SPAIN — 9.28% Banco Bilbao Vizcaya Argentaria SA Banco de Sabadell SA Banco de Sabadell SA Newa Banco Popular Espanol SA Banco Santander SA Bankia SA Bankinter SA CaixaBank SA Mapfre SA

952,609 741,518 21,374 253,510 2,113,423 672,874 99,189 389,843 156,982

6,527,873 1,417,477 40,858 689,599 10,701,507 626,560 756,162 1,173,866 398,255 22,332,157

24,143 34,382 66,824

439,979 990,002 2,454,740

SWEDEN — 6.70% Industrivarden AB Class C Investment AB Kinnevik Class B Investor AB Class B

343

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For personal use only

April 30, 2016 Security

Shares

Nordea Bank AB Skandinaviska Enskilda Banken AB Class A Svenska Handelsbanken AB Class A Swedbank AB Class A

444,578 $ 4,319,735 222,491 2,127,163 2,920,703 219,188 132,547 2,861,612 16,113,934

Value

SWITZERLAND — 11.81% Baloise Holding AG Registered Credit Suisse Group AG Registered Julius Baer Group Ltd. Pargesa Holding SA Bearer Partners Group Holding AG Swiss Life Holding AG Registered Swiss Prime Site AG Registered Swiss Re AG UBS Group AG Zurich Insurance Group AG

7,319 262,841 32,776 4,544 2,357 4,687 9,685 51,542 535,439 22,027

906,380 3,995,402 1,402,341 315,970 971,325 1,183,853 849,269 4,576,134 9,273,122 4,933,956 28,407,752

UNITED KINGDOM — 30.26% 3i Group PLC Aberdeen Asset Management PLC Admiral Group PLC Aviva PLC Barclays PLC British Land Co. PLC (The) Direct Line Insurance Group PLC Hammerson PLC Hargreaves Lansdown PLC HSBC Holdings PLC ICAP PLC Intu Properties PLC Investec PLC Land Securities Group PLC Legal & General Group PLC Lloyds Banking Group PLC London Stock Exchange Group PLC Old Mutual PLC Provident Financial PLC Prudential PLC Royal Bank of Scotland Group PLCa RSA Insurance Group PLC Schroders PLC Segro PLC

140,071 134,941 30,874 591,640 2,457,447 143,741 200,971 115,617 38,148 2,865,539 80,641 139,136 81,312 116,179 869,799 8,353,250 45,942 721,057 21,467 376,464 507,373 148,562 18,205 110,491

971,780 590,456 839,872 3,747,585 6,173,857 1,513,972 1,065,443 989,953 718,656 18,994,732 553,444 620,226 622,966 1,926,559 2,842,672 8,207,144 1,825,862 1,959,394 916,366 7,431,226 1,709,478 999,133 670,447 676,082

344

Security

Shares

St. James’s Place PLC Standard Chartered PLC Standard Life PLC

76,588 479,148 288,136

TOTAL COMMON STOCKS (Cost: $318,574,426)

Value $

972,721 3,875,214 1,376,438 72,791,678 237,829,455

PREFERRED STOCKS — 0.15% ITALY — 0.15% Intesa Sanpaolo SpA

136,207

TOTAL PREFERRED STOCKS (Cost: $397,833)

358,187 358,187 358,187

SHORT-TERM INVESTMENTS — 0.13% MONEY MARKET FUNDS — 0.13% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%c,d,e BlackRock Cash Funds: Prime, SL Agency Shares 0.49%c,d,e BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%c,d

268,737

268,737

14,663

14,663

30,469

30,469 313,869

TOTAL SHORT-TERM INVESTMENTS (Cost: $313,869) TOTAL INVESTMENTS IN SECURITIES — 99.15% (Cost: $319,286,128) Other Assets, Less Liabilities — 0.85% NET ASSETS — 100.00% a b c d e

313,869

238,501,511 2,032,658 $240,534,169

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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Schedule of Investments (Unaudited) iSHARES® MSCI EUROPE SMALL-CAP ETF

For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 98.78% AUSTRALIA — 0.00% AED Oil Ltd.a

11,395 $

AUSTRIA — 1.67% ams AG Austria Technologie & Systemtechnik AG BUWOG AG CA Immobilien Anlagen AG Conwert Immobilien Invest SEa DO & CO AG EVN AG FACC AGa Flughafen Wien AG IMMOFINANZ AGa Kapsch TrafficCom AG Lenzing AG Oesterreichische Post AG Palfinger AG Porr AG RHI AG S IMMO AG Schoeller-Bleckmann Oilfield Equipment AG Semperit AG Holding UNIQA Insurance Group AG Wienerberger AG Zumtobel Group AG

3,942 1,512 3,039 4,131 3,618 324 1,821 1,323 297 51,435 324 460 1,917 864 469 1,512 3,032 630 572 7,242 6,272 1,647

104,256 20,920 63,976 78,920 57,310 36,738 21,868 7,576 33,959 121,298 11,135 35,653 74,893 26,570 14,853 32,523 29,761 42,493 20,539 52,289 123,954 21,448 1,032,932

2,759 1,327 756 9,531 621 1,164 2,025 5,566 466 1,142 1,407 3,429 1,687

41,696 172,810 53,373 37,869 43,380 77,791 89,097 157,048 46,253 141,917 62,309 36,957 87,249

BELGIUM — 3.03% Ablynx NVa,b Ackermans & van Haaren NV Aedifica SA AGFA-Gevaert NVa Barco NV Befimmo SA Bekaert SA bpost SA Cie. d’Entreprises CFE Cofinimmo SA D’ieteren SA/NV Econocom Group SA/NV Elia System Operator SA/NV

— —

Security Euronav NV EVS Broadcast Equipment SA Exmar NV Fagronb Galapagos NVa,b Gimv NV Intervest Offices & Warehouses NVa Ion Beam Applications KBC Ancora Kinepolis Group NV Melexis NV Mobistar SAa Nyrstar NVa,b Ontex Group NV Tessenderlo Chemie NVa Warehouses De Pauw CVA

Shares

Value

6,674 $ 73,383 729 24,711 1,701 14,612 1,809 13,177 1,849 84,054 1,134 62,993 810 23,175 1,161 47,805 1,809 63,878 756 33,337 1,134 62,629 1,647 36,021 44,493 35,162 3,850 117,979 1,685 57,917 783 71,296 1,869,878

CHINA — 0.00% Boshiwa International Holding Ltd.a,b

20,000

217 217

DENMARK — 2.56% ALK-Abello A/S Alm Brand A/S Ambu A/Sb Bang & Olufsen A/Sa,b Bavarian Nordic A/Sa D/S Norden A/Sa,b Dfds A/S FLSmidth & Co. A/Sb GN Store Nord A/S IC Group A/S Jyske Bank A/S Registered Matas A/S NKT Holding A/S NNIT A/Sc PER Aarsleff A/S Rockwool International A/S Class B Royal Unibrew A/S Schouw & Co. SimCorp A/S Solar A/S Class B Spar Nord Bank A/S Sydbank A/S Topdanmark A/Sa

329 3,942 1,526 2,379 1,755 1,404 1,566 2,741 8,640 432 4,030 2,160 1,350 729 1,150 405 2,478 702 2,322 324 5,427 4,212 3,888

53,464 29,300 52,602 25,810 66,977 24,609 62,536 106,463 169,920 14,625 165,025 41,217 76,929 19,856 31,766 67,497 111,959 41,051 104,410 16,653 44,262 119,133 102,909

345

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For personal use only

April 30, 2016 Security

TORM PLCb Zealand Pharma A/Sa,b FINLAND — 2.50% Amer Sports OYJ Cargotec OYJ Class B Caverion Corp. Citycon OYJ Cramo OYJ F-Secure OYJ Ferratum OYJ Huhtamaki OYJ Kemira OYJ Kesko OYJ Class B Konecranes OYJ Metsa Board OYJ Oriola-KD OYJ Class B Outokumpu OYJa,b Outotec OYJa,b PKC Group OYJb Ponsse OYJ Ramirent OYJ Sanoma OYJ Sponda OYJ Stockmann OYJ Abp Class Ba,b Technopolis OYJ Tieto OYJ Uponor OYJ Valmet OYJ YIT OYJ FRANCE — 7.82% AB Science SAa,b ABC Arbitrage Adociaa Air France-KLMa Akka Technologies Albioma SA Alten SA Altran Technologies SA ANF Immobilier APERAM SA Assystem Axway Software SA

346

Shares

Value

1,404 $ 17,825 729 14,472 1,581,270 6,669 2,026 5,387 22,718 1,890 5,103 469 5,157 5,739 3,631 2,924 10,854 6,435 16,362 9,045 1,215 621 3,780 4,077 12,555 1,836 4,914 2,926 3,051 6,372 6,075

197,222 76,576 39,488 57,608 37,818 14,962 12,489 202,595 69,544 145,099 67,081 68,187 31,840 68,627 36,031 21,848 15,890 26,409 19,986 54,672 12,743 21,219 76,845 47,070 79,915 41,470 1,543,234

837 1,728 216 7,540 636 1,064 1,512 7,377 351 2,646 545 351

18,061 11,954 15,348 67,637 20,513 17,366 93,516 109,460 9,709 104,025 14,145 7,735

Security Boiron SA Bonduelle SCA BOURBON SAb Cegedim SAa Cegid Group SA Cellectis SAa,b CGG SAa,b Cie. des Alpes Coface SAa DBV Technologies SAa,b Derichebourg SA Eiffage SA Elior Groupc Elis SA Erameta,b Etablissements Maurel et Proma,b Euler Hermes Group Eurofins Scientific SE Europcar Groupe SAa,c Faiveley Transport SA Faurecia FFP GameLoft SEa Gaztransport Et Technigaz SA Genfita,b GL Events Groupe Crit Groupe Fnac SAa Guerbet Haulotte Group SA Havas SA ID Logistics Groupa Innate Pharma SAa Interparfums SA Ipsen SA IPSOS Jacquet Metal Service Korian SA LISI Manitou BF SA Marie Brizard Wine & Spirits SAa Mercialys SA Mersen Metropole Television SA MGI Coutier

Shares

Value

438 $ 35,116 783 23,138 1,439 21,228 297 8,157 306 21,659 1,404 38,947 35,767 33,592 486 8,461 5,299 42,782 1,148 78,510 4,698 14,959 3,199 254,390 5,319 114,379 3,537 64,959 297 11,828 7,155 28,764 764 72,629 498 184,833 4,536 52,628 423 46,026 3,510 145,008 378 29,211 4,293 36,386 1,297 48,138 1,107 37,815 459 8,822 216 14,245 605 34,945 351 23,096 702 10,975 9,271 77,600 118 14,191 2,246 32,516 559 14,790 2,106 127,480 1,917 57,087 707 10,515 2,008 63,269 945 27,048 594 10,328 1,337 25,619 2,889 64,375 783 12,537 3,227 61,225 432 9,203

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For personal use only

April 30, 2016 Security

Naturexa,b Neopost SA Nexans SAa Nexity SA Oeneo SA Orpea Parrot SAa Pierre & Vacances SAa Plastic Omnium SA Rallye SAb Rubis SCA Saft Groupe SA Sartorius Stedim Biotech SEB SA Societe Television Francaise 1 Solocal Groupa,b Sopra Steria Group SPIE SAa Ste Industrielle d’Aviation Latecoere SAa Synergie SA Tarkett SA Technicolor SA Registered Teleperformance Trigano SA UBISOFT Entertainmenta Vallourec SAb Valneva SEa Vicat SA Vilmorin & Cie SA Virbac SAb GERMANY — 10.26% Aareal Bank AG ADLER Real Estate AGa ADO Properties SAa,c ADVA Optical Networking SEa AIXTRON SEa,b Alstria office REIT AG Amadeus Fire AG AURELIUS SE & Co KGaA Aurubis AG Bauer AG BayWa AGb Bechtle AG

Shares

Value

351 $ 29,589 1,973 48,314 71,886 1,544 1,674 89,788 11,642 1,404 180,376 2,187 1,026 20,635 12,691 324 3,439 113,912 23,975 1,246 2,165 169,015 47,839 1,539 61,880 162 1,269 142,249 79,840 6,642 2,083 12,406 100,443 864 57,977 2,943 13,728 3,348 13,858 459 1,107 36,135 134,180 19,558 3,186 286,088 28,500 486 163,972 5,643 17,058 88,602 10,701 2,756 999 69,568 26,204 366 243 44,336 4,833,207 3,438 1,296 1,377 2,403 5,901 6,482 297 1,161 1,917 522 783 810

122,148 17,167 45,343 25,602 29,333 90,946 22,308 69,440 104,040 8,526 27,353 84,609

Security Bertrandt AG Bijou Brigitte AG Bilfinger SE Borussia Dortmund GmbH & Co. KGaA BRAAS Monier Building Group SA CANCOM SE Capital Stage AG Carl Zeiss Meditec AG Bearer Cewe Stiftung & Co. KGAA comdirect bank AG CompuGroup Medical SE CTS Eventim AG & Co. KGaA Delticom AG Deutsche Beteiligungs AG Deutsche Euroshop AG Deutsche Pfandbriefbank AGa,c DEUTZ AG Dialog Semiconductor PLCa,b DIC Asset AG DMG Mori AG Draegerwerk AG & Co. KGaA Drillisch AG Duerr AG ElringKlinger AG Evotec AGa Freenet AG Gerresheimer AG Gerry Weber International AGb Gesco AG GFT Technologies SE Grammer AG Grand City Properties SA GRENKELEASING AG Hamborner REIT AG Hamburger Hafen und Logistik AG Heidelberger Druckmaschinen AGa,b Hornbach Baumarkt AG Indus Holding AG Jenoptik AG KION Group AG Kloeckner & Co. SEb Krones AG KUKA AGb KWS Saat SEb

Shares

Value

279 $ 32,227 231 14,925 1,944 84,754 4,469 20,075 1,093 30,370 972 49,602 2,457 18,984 1,836 59,900 297 18,723 1,650 18,766 1,350 53,035 2,430 85,138 351 6,438 621 18,361 2,575 120,021 6,183 65,152 4,995 25,493 4,166 144,768 2,592 23,892 2,187 104,804 162 9,860 2,759 113,871 1,485 118,923 1,766 43,225 6,156 24,501 7,209 220,210 1,770 131,651 1,512 21,820 162 13,539 918 22,511 675 26,131 5,535 122,289 513 101,179 3,490 38,869 1,417 22,235 13,852 31,223 486 15,071 1,296 65,995 2,360 36,910 3,605 196,457 5,589 65,134 786 89,610 1,327 130,770 121 41,950

347

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For personal use only

April 30, 2016 Security

LEG Immobilien AG LEONI AGb Manz AGa MLP AG MorphoSys AGa MTU Aero Engines AG Nemetschek SE Nordex SEa NORMA Group SE PATRIZIA Immobilien AGa Pfeiffer Vacuum Technology AG QSC AG Rational AG Rheinmetall AG RHOEN-KLINIKUM AG RIB Software AGb SAF-Holland SA Salzgitter AG SGL Carbon SEa,b Siltronic AGa Sixt Leasing AGa Sixt SE SLM Solutions Group AGa SMA Solar Technology AGa,b Software AG STADA Arzneimittel AG STRATEC Biomedical AG Stroeer SE & Co. KGaAb Suedzucker AG TAG Immobilien AGb Takkt AG TLG Immobilien AG Vossloh AGa VTG AG Wacker Chemie AG Wacker Neuson SE Wincor Nixdorf AGa Wirecard AGb XING AG zooplus AGa HONG KONG — 0.00% China Hongxing Sports Ltd.a Peace Mark Holdings Ltd.a

348

Shares

Value

3,513 $ 325,148 1,836 66,167 7,930 189 4,050 15,790 67,920 1,357 275,270 2,916 1,080 60,365 102,830 3,672 1,782 91,662 49,562 2,139 594 63,857 8,464 5,454 95,972 189 2,214 173,246 71,575 2,303 1,944 20,540 29,247 2,484 76,841 2,270 30,185 2,580 15,313 783 756 15,759 42,207 729 675 19,165 31,466 594 110,915 2,902 3,483 147,802 15,475 270 1,404 69,147 81,436 4,617 5,820 77,292 37,834 1,810 79,943 3,780 517 35,795 18,403 594 891 85,447 26,747 1,580 1,678 98,113 284,624 6,589 30,727 162 270 37,882 6,340,240 198,000 30,000

1 —

Security

Shares

Real Gold Mining Ltd.a,b Titan Petrochemicals Group Ltd.a

27,000 $ 400,000

IRELAND — 1.70% C&C Group PLC FBD Holdings PLCa Glanbia PLC Hibernia REIT PLC Irish Continental Group PLC Kingspan Group PLC Origin Enterprises PLC Permanent TSB Group Holdings PLCa Smurfit Kappa Group PLC ISRAEL — 0.06% Africa Israel Investments Ltd.a Plus500 Ltd. ITALY — 6.94% A2A SpA ACEA SpA Amplifon SpA Anima Holding SpAc Ansaldo STS SpA Ascopiave SpA Astaldi SpAb ASTM SpA Autogrill SpAa Azimut Holding SpA Banca Carige SpAa,b Banca Generali SpA Banca IFIS SpA Banca Mediolanum SpA Banca Monte dei Paschi di Siena SpAa,b Banca Popolare dell’Emilia Romagna SC Banca Popolare di Milano Scarl Banca Popolare di Sondrio Scarl Beni Stabili SpA SIIQ BI Esse SpA/Fossano Brembo SpA Brunello Cucinelli SpA

Value 21 1 23

19,575 1,512 10,233 40,692 9,423 8,316 6,939 7,614 13,186

87,954 11,083 192,917 60,076 55,582 219,069 48,894 23,842 349,625 1,049,042

1 4,266

— 36,808 36,808

80,622 3,162 5,238 10,372 6,322 3,930 2,646 2,188 7,371 5,434 34,183 3,429 1,242 12,852 148,127 27,298 197,584 26,139 60,916 702 1,710 1,593

115,056 46,501 48,205 73,416 76,754 10,749 12,977 28,794 62,431 136,800 27,935 101,838 35,535 105,763 119,863 159,612 149,812 97,539 45,141 10,670 91,875 31,291

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April 30, 2016 Security

Buzzi Unicem SpAb Cementir Holding SpA Cerved Information Solutions SpA CIR-Compagnie Industriali Riunite SpAa COFIDE SpAa Credito Emiliano SpA Credito Valtellinese SCa Danieli & C Officine Meccaniche SpA Danieli & C Officine Meccaniche SpA RSP Datalogic SpA Davide Campari-Milano SpA De’ Longhi SpA DeA Capital SpA DiaSorin SpA Ei Towers SpA Engineering Ingegneria Informatica SpA ERG SpA Esprinet SpA Fincantieri SpAa,b FinecoBank Banca Fineco SpA Geox SpAa,b Hera SpA Immobiliare Grande Distribuzione SIIQ SpA Industria Macchine Automatiche SpA Infrastrutture Wireless Italiane SpAa,c Interpump Group SpA Iren SpA Italcementi SpA Italmobiliare SpA La Doria SpA Maire Tecnimont SpAa MARR SpA Mediaset SpA Moleskine SpA Moncler SpA Newron Pharmaceuticals SpAa OVS SpAa,c Piaggio & C SpAb RAI Way SpAc Recordati SpA Reply SpA

Shares

Value

3,807 $ 72,120 2,784 14,681 89,505 11,124 21,789 27,202 11,261 23,128 36,071 4,995 63,866 49,814 16,647 759 2,217 36,057 22,126 1,215 16,470 159,023 67,832 2,945 8,192 5,481 1,278 74,652 55,417 945 270 20,410 41,066 3,159 15,563 1,782 11,553 28,019 98,314 12,245 4,605 14,842 38,397 115,486 25,029 22,733 50,370 864 70,731 13,797 4,088 58,855 57,286 30,970 10,827 128,471 16,452 378 711 10,342 19,080 6,291 40,115 1,971 43,497 195,790 16,986 7,371 7,776 126,112 11,208 621 5,886 38,427 21,938 9,909 28,982 5,751 5,346 135,870 34,595 243

Security Rizzoli Corriere Della Sera Mediagroup SpAa,b Safilo Group SpAa Salini Impregilo SpA Salvatore Ferragamo SpA Saras SpAa Societa Cattolica di Assicurazioni Scrl Societa Iniziative Autostradali e Servizi SpA Tamburi Investment Partners SpA Tod’s SpAb Trevi Finanziaria Industriale SpA Unipol Gruppo Finanziario SpA Vittoria Assicurazioni SpA Yoox Net-A-Porter Group SpAa Zignago Vetro SpA NETHERLANDS — 3.43% Aalberts Industries NV Accell Group Amsterdam Commodities NV Arcadis NV ASM International NV BE Semiconductor Industries NV BinckBank NV Brunel International NVb Corbion NV Delta Lloyd NVb Eurocommercial Properties NV Euronext NVc Flow Tradersc Fugro NV CVAa IMCD Group NV InterXion Holding NVa Kendrion NV Koninklijke BAM Groep NV NSI NV PostNL NVa Refresco Gerber NVa,c SBM Offshore NVb TKH Group NV TomTom NVa,b USG People NV VastNed Retail NV

Shares

Value

14,149 $ 9,124 1,853 16,342 12,479 54,627 2,889 66,873 7,968 13,872 8,466 58,809 4,052 42,372 5,481 19,687 706 48,760 5,427 8,752 24,610 105,420 1,656 16,871 2,889 84,576 1,475 9,773 4,286,592 5,562 1,188 972 3,861 2,838 1,674 3,456 1,107 3,321 25,866 2,676 3,456 1,566 3,834 2,646 1,485 648 12,907 7,371 24,759 2,484 10,140 2,052 5,805 3,645 1,080

190,603 25,179 26,268 66,134 115,799 50,445 20,350 24,959 84,785 131,952 125,111 146,062 62,247 78,033 106,859 50,312 15,890 62,163 34,994 108,326 46,004 135,824 81,084 52,891 72,683 47,562

349

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April 30, 2016 Security

Wereldhave NV Wessanen NORWAY — 3.23% Akastor ASAa,b Aker ASA Class A Aker Solutions ASAa Atea ASA Austevoll Seafood ASA Avance Gas Holding Ltd.c Bakkafrost P/F Borregaard ASA BW LPG Ltd.b,c Det Norske Oljeselskap ASAa,b DNO ASAa,b Entra ASAc Europris ASAa,c Fred Olsen Energy ASAa Frontline Ltd./Bermudab Hexagon Composites ASAa,b Hoegh LNG Holdings Ltd.b IDEX ASAa Kongsberg Automotive ASAa Leroy Seafood Group ASA Marine Harvest ASA Nordic Semiconductor ASAa,b Norwegian Air Shuttle ASAa,b Norwegian Property ASAa Ocean Yield ASA Opera Software ASAb Petroleum Geo-Services ASAb Prosafe SEb Protector Forsikring ASA REC Silicon ASAa,b Salmar ASA Scatec Solar ASAc Seadrill Ltd.a,b Sparebank 1 Nord Norge SpareBank 1 SMN Stolt-Nielsen Ltd. Storebrand ASAa Subsea 7 SAa Tanker Investments Ltd.a TGS Nopec Geophysical Co. ASA Thin Film Electronics ASAa,b

350

Shares

Value

2,261 $ 116,508 4,216 43,551 2,122,578 9,531 1,566 8,695 4,494 5,184 1,497 2,199 5,562 4,266 5,697 36,487 4,779 5,130 1,917 3,970 4,725 2,580 18,765 22,653 1,215 18,954 7,371 1,516 13,829 2,376 6,946 12,504 13,095 3,456 113,238 2,836 3,492 19,899 5,724 6,426 1,080 25,411 14,958 1,836 5,805 32,940

13,257 32,283 33,366 42,136 43,617 10,206 77,803 41,616 25,642 50,869 42,118 45,105 23,891 8,309 33,008 14,435 30,118 19,459 18,314 59,299 294,937 42,886 69,847 15,439 16,081 56,759 44,240 7,920 33,799 24,891 70,439 15,395 96,525 26,799 39,502 14,284 107,579 137,648 14,821 97,106 17,263

Security Wilh Wilhelmsen ASA XXL ASAc

Shares

Value

3,952 $ 21,055 5,481 66,195 1,996,261

PORTUGAL — 0.55% Altri SGPS SA Banco BPI SA Registereda,d CTT-Correios de Portugal SA Mota-Engil SGPS SA Navigator Co. SA (The) NOS SGPS SA REN - Redes Energeticas Nacionais SGPS SA Semapa-Sociedade de Investimento e Gestao Sonae SGPS SA

4,104 20,467 8,433 5,767 12,935 10,424 7,209 1,437 45,530

16,001 25,645 77,927 11,942 46,149 74,799 21,641 18,187 50,583 342,874

SINGAPORE — 0.00% Jurong Technologies Industrial Corp. Ltd.a

60,000

1 1

SPAIN — 4.60% Abengoa SA Class Bb 36,479 Acciona SA 1,487 Acerinox SAb 8,438 Almirall SA 3,437 Applus Services SA 6,022 Atresmedia Corp. de Medios de Comunicacion SA 4,050 Axiare Patrimonio SOCIMI SA 4,111 Bolsas y Mercados Espanoles SHMSF SAb 2,076 Cellnex Telecom SAUc 9,153 Cia. de Distribucion Integral Logista Holdings SA 2,327 CIE Automotive SA 2,970 Construcciones y Auxiliar de Ferrocarriles SA 102 Corp Financiera Alba SA 918 Duro Felguera SAb 6,910 Ebro Foods SA 3,980 Ence Energia y Celulosa SA 7,952 Euskaltel SAa,c 5,211 Faes Farma SA 14,800

10,027 119,117 99,689 56,490 55,592 52,742 62,623 70,262 151,066 51,279 53,628 33,178 37,662 12,426 90,213 22,952 57,416 46,531

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April 30, 2016 Security

Shares

Fomento de Construcciones y Contratas SAa,b Gamesa Corp. Tecnologica SA Grupo Catalana Occidente SA Hispania Activos Inmobiliarios SAa Indra Sistemas SAa,b Inmobiliaria Colonial SAa Laboratorios Farmaceuticos Rovi SA Lar Espana Real Estate SOCIMI SA Liberbank SAa Mediaset Espana Comunicacion SA Melia Hotels International SAb Merlin Properties SOCIMI SA Miquel y Costas & Miquel SA NH Hotel Group SAa Obrascon Huarte Lain SA Papeles y Cartones de Europa SA Pharma Mar SAa,b Promotora de Informaciones SAa,b Prosegur Cia. de Seguridad SA Sacyr SA Saeta Yield SA Talgo SAa,c Tecnicas Reunidas SAb Tubacex SAb Viscofan SA

10,998 $ 95,507 13,405 264,002 78,666 2,484 4,779 70,062 76,886 6,562 84,722 110,403 891 15,073 36,418 3,540 25,058 30,135 124,493 9,585 5,309 66,826 200,873 17,279 20,183 495 11,449 55,075 55,049 7,776 2,403 14,862 31,078 9,867 19,231 2,716 93,389 16,146 42,631 20,022 2,808 29,910 28,326 5,508 1,974 66,313 16,674 6,399 141,174 2,516 2,840,451

SWEDEN — 9.23% AAK ABb AF AB Class B Alimak Group ABa,c Arcam ABa,b Avanza Bank Holding AB Axfood AB B&B Tools AB Class B Betsson AB Bilia AB Class A BillerudKorsnas AB BioGaia AB Class B Bure Equity AB Byggmax Group AB Capio ABa,c Castellum AB Clas Ohlson AB Class B Cloetta AB Class B

1,647 3,321 1,593 1,026 1,246 4,112 1,390 6,617 2,025 9,882 729 3,024 3,058 2,916 8,673 1,792 12,366

Value

124,514 56,920 15,042 22,381 49,002 76,218 27,982 89,574 48,464 153,605 18,447 26,386 24,777 15,593 138,920 36,186 41,618

Security Collector ABa Com Hem Holding AB Concentric AB Dios Fastigheter AB Duni AB Dustin Group ABc Elekta AB Class Bb Eltel ABa,c Evolution Gaming Group ABc Fabege AB Fastighets AB Balder Class Ba Fingerprint Cards ABa,b Granges AB Gunnebo AB Haldex AB Hemfosa Fastigheter AB Hexpol AB Hoist Finance ABa,c Holmen AB Class B Hufvudstaden AB Class A Industrial & Financial Systems Class B Indutrade AB Intrum Justitia AB Investment AB Oresund Inwido AB ITAB Shop Concept AB JM AB KappAhl AB Klovern AB Class B Kungsleden AB L E Lundbergforetagen AB Class B Lifco AB Class B Lindab International AB Loomis AB Class B Meda AB Class A Medivir AB Class Ba,b Mekonomen AB Modern Times Group MTG AB Class B Mycronic AB NCC AB Class B NetEnt AB New Wave Group AB Class B Nibe Industrier AB Class B

Shares

Value

1,350 $ 23,559 7,517 66,714 2,484 28,176 2,511 18,389 1,924 28,000 2,322 17,004 20,655 151,132 2,052 24,619 2,025 72,696 7,380 123,269 4,644 118,496 3,564 213,686 2,970 21,935 1,755 9,669 2,511 21,284 7,001 73,087 13,946 144,285 3,348 33,178 2,811 96,988 6,237 96,714 294 13,340 1,782 100,024 4,104 147,433 918 25,747 2,916 36,711 567 17,598 4,275 123,735 3,105 12,888 25,578 30,098 9,163 63,105 2,167 117,798 2,376 61,603 3,672 29,271 3,429 95,230 14,364 265,169 1,323 9,153 1,404 35,702 3,132 94,009 3,591 28,088 4,654 159,185 1,539 96,973 2,457 11,332 4,625 160,846

351

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April 30, 2016 Security

Nobia AB Nolato AB Class B Nordax Group ABa,c Nordnet AB Class B Orexo ABa,b Oriflame Holding AGa Pandox ABa Peab AB Ratos AB Class B RaySearch Laboratories ABa Recipharm AB Class B Rezidor Hotel Group AB Saab AB SAS ABa,b Scandi Standard AB SkiStar AB SSAB AB Class Aa,b SSAB AB Class Ba,b Sweco AB Class B Swedish Orphan Biovitrum ABa,b Tethys Oil AB Thule Group AB (The)c Tobii ABa,b Trelleborg AB Class B Unibet Group PLC Vitrolife AB Vostok New Ventures Ltd.a Wallenstam AB Class B Wihlborgs Fastigheter AB SWITZERLAND — 7.44% AFG Arbonia-Forster Holding AG Registereda Allreal Holding AG Registered Ascom Holding AG Registered Autoneum Holding AG Banque Cantonale Vaudoise Registered Basilea Pharmaceutica AG Registereda,b BKW AG Bobst Group SA Registered Bossard Holding AG Bucher Industries AG Registered

352

Shares

Value

6,534 $ 74,564 1,107 29,874 18,352 3,591 4,482 15,420 6,077 975 43,456 2,160 3,591 61,010 80,083 9,589 12,405 72,645 19,130 1,323 1,846 30,949 20,368 4,806 123,885 3,618 4,293 12,308 16,673 2,357 1,188 16,511 52,584 12,503 35,486 10,233 61,375 3,958 122,173 8,370 1,890 13,546 56,437 3,920 2,052 14,068 249,692 13,692 146,056 12,933 675 33,067 24,318 4,269 10,380 87,336 79,768 3,926 5,700,758 1,944 784 2,004 204 166 540 756 459 324 383

27,076 109,359 32,825 48,675 114,563 44,254 32,890 25,093 35,223 91,864

Security Burckhardt Compression Holding AG Burkhalter Holding AG Cembra Money Bank AG Clariant AG Registered Comet Holding AG Registered Conzzeta AG Cosmo Pharmaceuticals SAa,b Daetwyler Holding AG Bearer dorma+kaba Holding AG Class B EFG International AG Emmi AG Evolva Holding SAa,b Flughafen Zuerich AG Registered Forbo Holding AG Registered GAM Holding AG Gategroup Holding AG Georg Fischer AG Registered Helvetia Holding AG Registered Huber & Suhner AG Registered Implenia AG Registered Inficon Holding AG Registered Intershop Holdings AG Kardex AG Bearer Komax Holding AG Registered Kudelski SA Bearer Kuoni Reisen Holding AG Class B Registereda,b Leonteq AGb Logitech International SA Registered Meyer Burger Technology AGa,b Mobilezone Holding AG Mobimo Holding AG Registered Molecular Partners AGa Myriad Group AGa OC Oerlikon Corp. AG Registered Panalpina Welttransport Holding AG Registered Plazza AGa PSP Swiss Property AG Registered Rieter Holding AG Registered Santhera Pharmaceutical Holding AGa,b Schmolz + Bickenbach AG Registereda Schweiter Technologies AG Bearer

Shares

Value

162 $ 57,718 201 25,059 1,620 111,127 16,824 318,577 39 27,200 54 34,930 324 53,544 411 61,146 165 107,074 4,032 25,197 113 67,788 17,874 12,494 217 199,341 60 73,114 9,423 122,887 1,444 79,620 222 180,426 353 190,034 756 37,110 837 55,887 94 31,039 59 27,700 351 28,325 189 41,783 2,079 35,463 202 78,977 465 32,383 8,734 133,949 5,130 23,549 1,134 16,031 351 80,454 324 8,992 4,887 15,704 11,463 110,743 684 79,996 95 20,516 2,295 221,239 189 39,161 282 20,624 31,860 23,268 54 51,070

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April 30, 2016 Security

SFS Group AG Siegfried Holding AG Registered St Galler Kantonalbank AG Registered Straumann Holding AG Registered Sunrise Communications Group AGc Swissquote Group Holding SA Registered Tecan Group AG Registered Temenos Group AG Registered U-Blox AG Valiant Holding AG Registered Valora Holding AG Registered Vetropack Holding AG Bearer Vontobel Holding AG Registered Walter Meier AG Ypsomed Holding AG Zehnder Group AGa UNITED KINGDOM — 33.76% 888 Holdings PLCb AA PLC Abcam PLC Acacia Mining PLC Advanced Medical Solutions Group PLC Aldermore Group PLCa Allied Minds PLCa,b Amec Foster Wheeler PLC Amerisur Resources PLCa,b AO World PLCa,b Arrow Global Group PLC Ashmore Group PLCb ASOS PLCa Avanti Communications Group PLCa,b AVEVA Group PLC Balfour Beatty PLCa BBA Aviation PLC Beazley PLC Bellway PLC Berendsen PLC BGEO Group PLC Big Yellow Group PLC Bodycote PLC boohoo.com PLCa

Shares

Value

945 $ 68,127 189 35,493 57,572 139 567 196,690 115,746 1,890 12,738 513 621 86,299 165,626 3,191 333 66,148 101,808 918 162 39,566 14,085 9 57,585 1,330 200 6,792 24,617 165 648 27,414 4,599,367 8,640 34,290 9,747 9,369 11,826 9,909 10,299 21,890 46,926 9,207 9,045 20,142 3,051 7,897 3,591 38,502 58,352 27,702 6,891 9,639 2,223 8,343 10,719 38,777

27,339 139,945 84,385 48,283 31,616 27,290 57,964 158,377 18,904 24,587 34,053 90,613 160,944 11,163 84,693 134,574 171,131 132,252 247,016 166,618 74,573 98,507 93,586 27,124

Security

Shares

Value

Booker Group PLC Bovis Homes Group PLC Brammer PLC Brewin Dolphin Holdings PLC Britvic PLC BTG PLCa,b Cable & Wireless Communications PLC Cairn Energy PLCa Cape PLC Capital & Counties Properties PLC Card Factory PLC Carillion PLCb Centamin PLC Chemring Group PLC Chesnara PLC Cineworld Group PLC Clinigen Healthcare Ltd.a Close Brothers Group PLC Costain Group PLC Countrywide PLC Crest Nicholson Holdings PLC CVS Group PLCb CYBG PLCa Daily Mail & General Trust PLC Class A NVS Dairy Crest Group PLC Dart Group PLC DCC PLC De La Rue PLC Debenhams PLC Derwent London PLC Devro PLC Dialight PLCa Dignity PLC Diploma PLC Domino’s Pizza Group PLC Drax Group PLCb DS Smith PLC Dunelm Group PLC Electrocomponents PLC Elementis PLC EnQuest PLCa Enterprise Inns PLCa Entertainment One Ltd.

94,185 $223,514 7,587 96,916 7,533 19,256 15,946 64,005 13,882 143,164 21,519 186,617 159,638 172,116 32,351 106,108 6,912 23,263 42,554 220,363 17,146 91,502 24,168 104,087 60,734 107,564 18,234 38,197 7,209 32,262 10,476 79,494 4,833 37,948 8,546 151,731 4,428 20,384 12,393 64,521 14,121 107,773 3,456 37,515 49,838 161,895 15,201 155,430 7,695 63,689 5,589 51,130 4,968 441,024 5,670 40,243 65,556 75,290 5,924 284,988 9,293 38,015 1,782 14,788 2,646 94,578 6,372 68,281 9,369 126,061 22,905 107,237 53,028 296,197 5,211 67,443 24,624 93,137 25,947 82,063 42,242 24,907 28,674 36,439 17,210 46,640

353

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April 30, 2016 Security

Essentra PLC esure Group PLC Evraz PLCa Faroe Petroleum PLCa,b Fenner PLC Fevertree Drinks PLC FirstGroup PLCa Foxtons Group PLC Galliford Try PLC GAME Digital PLC Gem Diamonds Ltd. Genus PLC Globo PLCa Go-Ahead Group PLC Grafton Group PLC Grainger PLC Great Portland Estates PLC Greencore Group PLCb Greene King PLC Greggs PLC GVC Holdings PLC GW Pharmaceuticals PLCa,b Halfords Group PLC Halma PLC Hansteen Holdings PLC Hays PLC Helical Bar PLC Henderson Group PLC Hikma Pharmaceuticals PLC Hiscox Ltd. Hochschild Mining PLCa Home Retail Group PLC Homeserve PLC Howden Joinery Group PLC Hunting PLC IG Group Holdings PLC Imagination Technologies Group PLCa,b Inchcape PLC Indivior PLC Informa PLC Intermediate Capital Group PLC International Personal Finance PLC Interserve PLC iomart Group PLC

354

Shares

Value

14,688 $174,714 16,362 64,332 42,629 20,493 11,610 13,436 24,025 11,429 38,152 4,266 67,462 98,677 29,548 13,959 4,595 85,890 9,065 5,428 6,188 12,283 74,754 3,402 — 16,224 2,295 86,234 12,555 126,996 23,166 75,541 19,288 214,173 23,042 121,785 17,254 206,753 85,801 5,670 12,968 102,963 88,027 13,185 11,178 69,117 21,012 274,562 61,378 40,365 80,719 151,472 32,026 5,697 64,112 240,054 8,425 272,013 15,997 211,023 33,204 14,553 43,529 108,784 15,459 93,799 36,128 261,444 7,344 39,429 20,628 233,585 14,526 33,142 22,167 220,001 85,415 36,261 36,564 350,567 17,411 156,603 13,314 52,192 51,134 8,169 18,830 4,752

Security ITE Group PLC J D Wetherspoon PLC Jimmy Choo PLCa John Laing Group PLCc John Menzies PLC John Wood Group PLC JRP Group PLC Jupiter Fund Management PLC Just Eat PLCa Kainos Group PLC KAZ Minerals PLCa Kcom Group PLC Keller Group PLC Kier Group PLC Ladbrokes PLC Laird PLC Lancashire Holdings Ltd. LondonMetric Property PLC Lonmin PLCa Lookers PLC Majestic Wine PLCa,b Man Group PLC Marston’s PLC Melrose Industries PLC Michael Page International PLC Micro Focus International PLC Mitchells & Butlers PLC Mitie Group PLC Moneysupermarket.com Group PLC Morgan Advanced Materials PLC Mothercare PLCa,b N Brown Group PLC Nanoco Group PLCa,b National Express Group PLC NewRiver Retail Ltd. Northgate PLC Ocado Group PLCa,b OneSavings Bank PLC Ophir Energy PLCa,b Oxford Instruments PLC P2P Global Investments PLC/Fund Paragon Group of Companies PLC (The) Paysafe Group PLCa Pennon Group PLC

Shares

Value

14,661 $ 33,343 4,729 45,929 6,372 11,397 8,060 25,090 3,267 23,845 20,223 185,006 26,286 52,946 22,329 137,675 24,722 138,886 3,213 8,813 15,290 38,413 28,539 43,270 4,023 52,067 5,080 88,556 56,997 97,856 15,039 76,755 11,167 89,890 32,994 76,608 15,385 42,371 17,469 35,596 4,104 26,272 91,235 197,268 32,319 68,034 7,988 43,682 16,443 97,915 11,018 246,785 11,625 45,758 20,385 81,016 24,597 113,105 16,092 55,609 8,268 14,746 8,829 34,727 12,542 7,165 24,201 115,077 13,098 61,879 7,479 44,186 28,242 122,295 4,898 20,571 35,181 38,833 3,116 29,967 5,047 68,204 16,929 73,704 26,973 150,623 22,013 261,845

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April 30, 2016 Security

Shares

Value

Petra Diamonds Ltd. Pets at Home Group PLC Phoenix Group Holdings Playtech PLC Poundland Group PLC Premier Farnell PLC Premier Foods PLCa,b Premier Oil PLCa Primary Health Properties PLC Puretech Health PLCa,b PZ Cussons PLC QinetiQ Group PLC Redcentric PLC Redde PLC Redefine International PLC/Isle of Man Redrow PLC Regus PLC Renishaw PLC Rentokil Initial PLC Restaurant Group PLC (The) Rightmove PLC Rotork PLC RPC Group PLC RPS Group PLC SafeCharge International Group Ltd. Safestore Holdings PLC Savills PLC Scapa Group PLC Schroder REIT Ltd. Senior PLC Serco Group PLCa Shaftesbury PLC Shanks Group PLC Shawbrook Group PLCa,c SIG PLC Sirius Minerals PLCa,b Skyepharma PLCa SOCO International PLC Sophos Group PLCc Spectris PLC Speedy Hire PLC Spirax-Sarco Engineering PLC Spire Healthcare Group PLCc Spirent Communications PLC

29,646 $ 51,246 18,202 64,634 11,264 141,906 12,663 149,235 30,273 12,015 37,934 21,357 42,884 24,500 31,727 29,367 33,380 52,199 20,002 10,503 14,499 68,370 32,808 107,511 21,490 7,803 16,416 37,274 47,948 69,390 12,291 68,960 36,519 156,424 56,243 2,025 101,493 261,821 47,114 11,691 5,373 303,660 48,739 133,514 16,903 180,633 31,567 12,349 11,158 3,167 11,421 56,650 79,826 7,344 8,397 29,952 24,419 28,495 23,652 75,394 86,931 61,815 14,680 195,693 21,438 25,202 24,032 5,724 31,509 62,544 31,028 108,621 4,428 30,455 23,756 10,976 46,041 15,309 6,750 180,062 16,120 29,943 4,087 204,458 70,627 14,717 38,935 33,858

Security SSP Group PLC ST Modwen Properties PLC Stagecoach Group PLC Stobart Group Ltd. Stock Spirits Group PLC SuperGroup PLC SVG Capital PLCa Synthomer PLC TalkTalk Telecom Group PLCb Ted Baker PLC Telecom Plus PLCb Telford Homes PLCb Telit Communications PLC Thomas Cook Group PLCa Topps Tiles PLC Tritax Big Box REIT PLC TT electronics PLC Tullett Prebon PLC Tullow Oil PLCa UBM PLC UDG Healthcare PLC Ultra Electronics Holdings PLC UNITE Group PLC (The) Vectura Group PLCa Vedanta Resources PLCb Vesuvius PLC Victrex PLC Virgin Money Holdings UK PLC VTTI Energy Partners LP WH Smith PLC Workspace Group PLC WS Atkins PLC Xaar PLC Xchanging PLCa Zeal Network SE Zoopla Property Group PLCc

Shares 26,435 11,043 24,570 16,092 11,178 2,309 9,116 15,255 29,571 1,593 3,645 3,861 4,866 83,326 10,017 47,261 9,261 13,878 51,597 24,794 13,716 3,915 12,321 22,599 4,849 12,285 4,860 13,716 567 6,434 6,885 5,589 4,347 13,779 366 11,830

TOTAL COMMON STOCKS (Cost: $61,788,124)

Value $

111,411 49,566 92,681 24,280 26,404 41,232 68,773 77,768 115,834 55,656 49,711 18,806 14,025 107,722 19,957 93,949 21,028 68,857 211,410 206,665 122,967 101,282 114,160 56,941 29,969 57,822 99,672 73,358 11,340 157,872 84,217 109,055 30,884 38,149 16,959 51,036 20,863,328 61,039,061

PREFERRED STOCKS — 0.62% GERMANY — 0.53% Biotest AG Draegerwerk AG & Co. KGaA Jungheinrich AG

1,544 432 891

28,038 28,663 84,019

355

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April 30, 2016 Security

Sartorius AG Sixt SE STO SE & Co. KGaA Villeroy & Boch AG ITALY — 0.09% Buzzi Unicem SpA RSP Italmobiliare SpA

Shares

Value

491 918 135 756

$ 121,162 40,154 16,668 11,763 330,467

2,241 918

25,385 29,587 54,972

TOTAL PREFERRED STOCKS (Cost: $314,225)

SWEDEN — 0.00% Hemfosa Fastigheter ABa

385,439

205 205

7,001

2,531 2,531 2,736

—

TOTAL WARRANTS (Cost: $0)

3 3 3

SHORT-TERM INVESTMENTS — 9.12%

356

67,061,009 (5,265,359) $61,795,650

NVS — Non-Voting Shares a c

e

189

WARRANTS — 0.00%

MONEY MARKET FUNDS — 9.12% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f

TOTAL INVESTMENTS IN SECURITIES — 108.52% (Cost: $67,736,119) Other Assets, Less Liabilities — (8.52)% NET ASSETS — 100.00%

d

TOTAL RIGHTS (Cost: $0)

ISRAEL — 0.00% Tower Semiconductor Ltd. (Expires 06/27/17)a

$ 5,633,770

b

RIGHTS — 0.00% GERMANY — 0.00% Manz AGa,b

Value TOTAL SHORT-TERM INVESTMENTS (Cost: $5,633,770)

5,332,114

5,332,114

290,934

290,934

10,722

10,722 5,633,770

f g

Non-income earning security. All or a portion of this security represents a security on loan. See Note 1. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

ˆ200F9Gq$mBM#Y@b%xŠ 200F9Gq$mBM#Y@b%x

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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Schedule of Investments (Unaudited) iSHARES® MSCI KOKUSAI ETF

For personal use only

April 30, 2016 Security

Shares

Value

COMMON STOCKS — 99.41% AUSTRALIA — 2.96% AGL Energy Ltd. Alumina Ltd. Amcor Ltd./Australia AMP Ltd. APA Group Aristocrat Leisure Ltd. Asciano Ltd. ASX Ltd. Aurizon Holdings Ltd. AusNet Services Australia & New Zealand Banking Group Ltd. Bank of Queensland Ltd. Bendigo & Adelaide Bank Ltd. BHP Billiton Ltd. Boral Ltd. Brambles Ltd. Caltex Australia Ltd. Challenger Ltd./Australia CIMIC Group Ltd. Coca-Cola Amatil Ltd. Cochlear Ltd. Commonwealth Bank of Australia Computershare Ltd. Crown Resorts Ltd. CSL Ltd. Dexus Property Group DUET Group Flight Centre Travel Group Ltd.a Fortescue Metals Group Ltd.a Goodman Group GPT Group (The) Harvey Norman Holdings Ltd. Healthscope Ltd. Iluka Resources Ltd. Incitec Pivot Ltd. Insurance Australia Group Ltd. James Hardie Industries PLC LendLease Group Macquarie Group Ltd. Medibank Pvt Ltd. Mirvac Group

6,683 $ 24,180 10,894 27,716 10,713 5,226 5,876 1,960 20,892 13,520 26,936 3,606 4,083 29,640 8,164 14,742 2,513 4,654 1,046 5,824 546 15,730 4,472 3,744 4,290 8,528 25,948 598 14,248 15,002 15,080 6,578 15,496 3,978 16,770 20,904 4,082 4,680 2,782 25,636 32,350

93,280 27,587 128,032 124,371 71,537 39,882 39,596 65,410 68,080 15,838 498,899 30,959 29,041 467,777 40,124 140,404 62,328 31,823 28,570 38,223 45,014 887,002 34,503 33,744 344,350 54,799 44,555 17,940 37,078 78,882 57,887 22,490 32,166 19,520 41,210 92,048 57,724 45,359 134,816 61,431 46,166

Security National Australia Bank Ltd. Newcrest Mining Ltd.b Oil Search Ltd. Orica Ltd.a Origin Energy Ltd. Platinum Asset Management Ltd. Qantas Airways Ltd. QBE Insurance Group Ltd. Ramsay Health Care Ltd. REA Group Ltd. Rio Tinto Ltd. Santos Ltd. Scentre Group Seek Ltd. Sonic Healthcare Ltd. South32 Ltd.b Stockland Suncorp Group Ltd. Sydney Airport Tabcorp Holdings Ltd. Tatts Group Ltd. Telstra Corp. Ltd. TPG Telecom Ltd. Transurban Group Treasury Wine Estates Ltd. Vicinity Centres Wesfarmers Ltd. Westfield Corp. Westpac Banking Corp. Woodside Petroleum Ltd. Woolworths Ltd.

Shares 24,058 $ 6,734 12,584 3,640 16,384 2,158 5,006 12,402 1,422 416 3,718 17,864 49,320 2,886 3,929 53,639 21,356 11,752 9,906 5,630 14,820 39,574 2,600 19,202 7,574 30,690 10,297 17,888 30,680 6,760 11,648

Value 499,205 97,488 67,512 42,501 68,644 9,980 12,301 105,530 70,484 16,166 146,268 65,438 176,525 36,054 58,229 67,951 71,222 112,107 51,482 19,034 42,638 161,877 21,251 169,693 53,871 77,758 336,093 137,877 726,988 146,203 196,540 8,095,355

AUSTRIA — 0.08% Andritz AG Erste Group Bank AGb IMMOEAST AG Escrowb OMV AG Raiffeisen Bank International AGb Voestalpine AG

794 2,730 5,270 1,404 1,092 1,092

44,479 78,545 — 42,148 17,454 39,373 221,999

BELGIUM — 0.59% Ageas Anheuser-Busch InBev SA/NV Colruyt SA

1,952 7,462 780

76,596 923,887 44,919

357

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For personal use only

April 30, 2016 Security

Delhaize Group Groupe Bruxelles Lambert SA KBC Groep NV Proximus SADP Solvay SA Telenet Group Holding NVa,b UCB SA Umicore SA CANADA — 3.93% Agnico Eagle Mines Ltd. Agrium Inc. Alimentation Couche-Tard Inc. Class B AltaGas Ltd. ARC Resources Ltd. Atco Ltd./Canada Class I Bank of Montreal Bank of Nova Scotia (The) Barrick Gold Corp. BCE Inc. BlackBerry Ltd.a,b Bombardier Inc. Class Bb Brookfield Asset Management Inc. Class A CAE Inc. Cameco Corp. Canadian Imperial Bank of Commerce/Canada Canadian National Railway Co. Canadian Natural Resources Ltd. Canadian Pacific Railway Ltd. Canadian Tire Corp. Ltd. Class A Canadian Utilities Ltd. Class A CCL Industries Inc. Class B Cenovus Energy Inc. CGI Group Inc. Class Ab CI Financial Corp. Constellation Software Inc./Canada Crescent Point Energy Corp. Dollarama Inc. Eldorado Gold Corp. Element Financial Corp. Empire Co. Ltd. Class A

358

Shares 936 $ 780 2,314 1,329 716 546 1,170 789

Value 98,124 68,906 129,946 44,714 72,379 27,140 87,573 39,333 1,613,517

2,132 1,222 3,822 1,040 2,782 754 5,928 11,102 10,946 1,352 4,446 20,521 8,149 2,600 3,770

100,949 105,479 167,819 25,323 47,018 24,668 386,839 583,196 212,261 63,509 31,448 30,963 275,840 30,803 47,253

3,744 7,306 9,984 1,404 650 1,248 234 7,956 2,106 2,392 182 4,810 1,118 6,692 3,146 1,326

302,904 450,632 300,333 202,911 70,921 35,957 42,920 126,333 96,372 53,050 71,245 81,178 80,740 28,262 35,363 22,072

Security Enbridge Inc. Encana Corp. Fairfax Financial Holdings Ltd. Finning International Inc. First Capital Realty Inc. First Quantum Minerals Ltd. Fortis Inc./Canada Franco-Nevada Corp. George Weston Ltd. Gildan Activewear Inc. Goldcorp Inc. Great-West Lifeco Inc. H&R REIT Husky Energy Inc. IGM Financial Inc. Imperial Oil Ltd. Industrial Alliance Insurance & Financial Services Inc. Intact Financial Corp. Inter Pipeline Ltd. Jean Coutu Group PJC Inc. (The) Class A Keyera Corp. Kinross Gold Corp.b Linamar Corp. Loblaw Companies Ltd. Magna International Inc. Class A Manulife Financial Corp. Methanex Corp. Metro Inc. National Bank of Canada Onex Corp. Open Text Corp. Pembina Pipeline Corp. Peyto Exploration & Development Corp. Potash Corp. of Saskatchewan Inc. Power Corp. of Canada Power Financial Corp. PrairieSky Royalty Ltd. Progressive Waste Solutions Ltd. Restaurant Brands International Inc. RioCan REIT

Shares 8,543 $ 8,038 208 1,378 884 6,656 2,444 1,456 468 2,184 7,748 2,600 1,508 3,109 1,092 2,808 1,066 1,170 3,380 754 1,456 10,712 390 2,080 3,787 18,324 884 2,262 3,068 754 1,196 3,068 1,378 7,549 3,562 2,496 1,716 858 1,887 1,352

Value 355,470 61,604 111,672 24,533 14,333 56,804 77,655 102,406 40,680 67,947 156,370 76,634 26,389 39,241 34,436 93,279 35,488 86,727 72,398 11,485 46,972 61,145 16,916 114,960 159,329 270,632 30,968 75,827 109,827 46,850 67,076 92,314 35,237 133,792 86,704 65,738 36,194 27,659 81,605 29,445

ˆ200F9Gq$mBM#uuR%;Š 200F9Gq$mBM#uuR%;

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For personal use only

April 30, 2016 Security

Shares

Rogers Communications Inc. Class B Royal Bank of Canada Saputo Inc. Seven Generations Energy Ltd.a,b Shaw Communications Inc. Class B Silver Wheaton Corp. Smart REIT SNC-Lavalin Group Inc. Sun Life Financial Inc. Suncor Energy Inc. Teck Resources Ltd. Class B TELUS Corp. Thomson Reuters Corp. Toronto-Dominion Bank (The) Tourmaline Oil Corp.a,b TransCanada Corp. Turquoise Hill Resources Ltd.b Valeant Pharmaceuticals International Inc.b Veresen Inc. Vermilion Energy Inc. West Fraser Timber Co. Ltd. Yamana Gold Inc.

3,380 $ 13,624 2,288 1,300 3,588 3,915 338 1,378 5,642 14,514 5,486 1,818 3,302 17,056 1,536 6,552 7,961 2,990 2,652 1,196 650 10,816

DENMARK — 0.81% AP Moeller - Maersk A/S Class A AP Moeller - Maersk A/S Class B Carlsberg A/S Class B Chr Hansen Holding A/S Coloplast A/S Class B Danske Bank A/S DSV A/S Genmab A/Sa,b ISS A/S Novo Nordisk A/S Class B Novozymes A/S Class B Pandora A/S TDC A/S Tryg A/S Vestas Wind Systems A/S William Demant Holding A/Sa,b

20 67 1,053 884 1,040 6,474 1,943 442 1,248 18,070 2,158 1,102 7,644 1,170 2,099 263

Value 131,681 847,503 72,059 22,936 66,512 82,169 9,088 51,936 192,781 426,753 67,272 57,736 136,129 760,480 35,488 272,521 23,833 99,850 19,224 41,200 21,452 53,709 10,761,614 27,238 94,237 102,573 55,026 78,004 183,113 81,777 65,501 47,398 1,009,126 103,445 143,128 39,124 22,092 150,199 27,035 2,229,016

Security FINLAND — 0.40% Elisa OYJ Fortum OYJ Kone OYJ Class B Metso OYJ Neste OYJ Nokia OYJ Nokian Renkaat OYJ Orion OYJ Class B Sampo OYJ Class A Stora Enso OYJ Class R UPM-Kymmene OYJ Wartsila OYJ Abp FRANCE — 4.06% Accor SA Aeroports de Paris Air Liquide SA Airbus Group SE Alstom SAb ArcelorMittal Arkema SA Atos SE AXA SA BNP Paribas SA Bollore SA Bouygues SA Bureau Veritas SA Capgemini SA Carrefour SA Casino Guichard Perrachon SAa Christian Dior SE Cie. de Saint-Gobain Cie. Generale des Etablissements Michelin Class B CNP Assurances Credit Agricole SA Danone SA Dassault Systemes Edenred Electricite de France SAa Engie SA Essilor International SA Eurazeo SA

Shares

1,430 $ 4,290 2,964 988 1,248 52,726 1,040 884 4,212 4,914 5,070 1,430

Value

53,410 64,662 135,250 23,752 39,937 311,007 38,379 30,841 183,947 42,887 96,860 61,321 1,082,253

1,966 260 3,189 5,434 2,002 15,644 555 780 18,018 9,750 7,722 1,974 2,392 1,404 5,177 494 520 4,390

87,109 32,727 361,599 339,883 51,180 88,371 44,293 69,406 454,322 516,369 30,602 65,838 56,711 131,106 146,725 29,399 91,332 201,098

1,716 1,664 9,438 5,382 1,248 2,135 2,288 13,338 1,898 318

179,148 28,331 104,412 377,068 97,628 42,108 32,875 219,984 245,756 22,400

359

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For personal use only

April 30, 2016 Security

Eutelsat Communications SA Fonciere des Regions Gecina SA Groupe Eurotunnel SE Registered Hermes International ICADE Iliad SA Imerys SA Ingenico Group SA JCDecaux SA Kering Klepierre L’Oreal SA Lagardere SCA Legrand SA LVMH Moet Hennessy Louis Vuitton SE Natixis SA Numericable-SFR SA Orange SA Pernod Ricard SA Peugeot SAb Publicis Groupe SA Remy Cointreau SA Renault SA Rexel SA Safran SA Sanofi Schneider Electric SE SCOR SE SES SA Societe BIC SA Societe Generale SA Sodexo SA STMicroelectronics NV Suez Environnement Co. Technip SA Thales SA Total SA Unibail-Rodamco SE Valeo SA Veolia Environnement SA Vinci SA Vivendi SA

360

Shares 1,378 $ 338 312 4,238 260 338 234 255 508 624 728 1,924 2,341 1,196 2,486 2,574 9,487 910 18,564 2,005 4,291 1,780 182 1,742 2,392 2,834 10,837 5,102 1,554 2,860 260 6,702 858 6,084 3,016 962 962 20,228 910 702 3,900 4,290 10,636

Value 42,811 31,992 45,133 54,122 92,613 26,615 51,150 18,826 59,929 27,570 124,780 90,515 424,846 31,739 141,627 427,774 52,341 29,793 307,878 216,507 69,076 131,763 15,109 168,155 36,246 195,307 895,040 332,149 52,925 78,044 36,911 262,908 86,665 37,378 55,615 56,314 83,188 1,017,776 243,891 111,319 95,837 320,560 204,169

Security Wendel SA Zodiac Aerospace GERMANY — 3.49% adidas AG Allianz SE Registered Axel Springer SE BASF SE Bayer AG Registered Bayerische Motoren Werke AG Beiersdorf AG Brenntag AG Commerzbank AG Continental AG Daimler AG Registered Deutsche Bank AG Registered Deutsche Boerse AG Deutsche Lufthansa AG Registered Deutsche Post AG Registered Deutsche Telekom AG Registered Deutsche Wohnen AG Bearer E.ON SE Evonik Industries AG Fraport AG Frankfurt Airport Services Worldwide Fresenius Medical Care AG & Co. KGaA Fresenius SE & Co. KGaA GEA Group AG Hannover Rueck SE HeidelbergCement AG Henkel AG & Co. KGaA HUGO BOSS AG Infineon Technologies AG K+S AG Registereda Lanxess AG Linde AG MAN SE Merck KGaA METRO AG Muenchener RueckversicherungsGesellschaft AG in Muenchen Registered

Shares 312 $ 2,055

Value 36,057 48,192 11,116,935

1,950 4,212 468 8,502 7,644 3,068 910 1,404 9,490 1,014 8,918 12,636 1,742 2,080 8,944 29,640 3,068 18,720 1,222

251,484 715,189 26,137 702,579 882,071 282,872 81,672 82,349 88,694 222,754 619,901 238,364 143,036 32,304 262,656 518,898 93,980 193,161 38,720

390 1,976 3,562 1,638 572 1,274 988 624 10,556 1,586 832 1,716 364 1,222 1,508

23,612 171,438 259,145 75,963 65,239 113,217 100,407 39,802 150,222 39,564 43,516 262,187 39,502 114,867 47,929

1,612

299,009

ˆ200F9Gq$mBMveD2%]Š 200F9Gq$mBMveD2%]

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For personal use only

April 30, 2016 Security

Osram Licht AG ProSiebenSat.1 Media SE Registered QIAGEN NVa,b RTL Group SAb RWE AGb SAP SE Siemens AG Registered Symrise AG Telefonica Deutschland Holding AG ThyssenKrupp AG United Internet AG Registeredc Volkswagen AGa Vonovia SE Zalando SEa,b,d HONG KONG — 1.30% AIA Group Ltd. ASM Pacific Technology Ltd. Bank of East Asia Ltd. (The)a BOC Hong Kong Holdings Ltd.a Cheung Kong Infrastructure Holdings Ltd.a Cheung Kong Property Holdings Ltd.a CK Hutchison Holdings Ltd.a CLP Holdings Ltd. Galaxy Entertainment Group Ltd. Hang Lung Properties Ltd.a Hang Seng Bank Ltd. Henderson Land Development Co. Ltd. HK Electric Investments & HK Electric Investments Ltd.a,d HKT Trust & HKT Ltd.a Hong Kong & China Gas Co. Ltd.a Hong Kong Exchanges and Clearing Ltd.a Hongkong Land Holdings Ltd. Li & Fung Ltd.a Link REITa Melco Crown Entertainment Ltd. ADRa

Shares 755 2,028 2,262 378 4,576 9,027 7,332 1,144 7,852 3,380 1,144 313 4,264 754

109,200 2,600 10,480 40,000 9,000 26,336 26,336 15,000 26,000 26,000 7,800 16,170 13,000 7,740 68,084 10,400 5,200 52,000 13,000 572

Value $

39,411 103,410 50,702 31,587 68,370 706,365 765,199 75,813 39,876 78,626 55,864 49,598 143,510 24,992 9,555,763 657,407 18,770 38,166 119,889 85,102 180,786 315,739 138,742 87,815 51,885 141,778 101,099 11,697 11,215 127,089 263,177 33,020 32,244 79,017 8,466

361

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April 30, 2016 Security

Shares

ITALY — 0.87% Assicurazioni Generali SpA Atlantia SpA Banco Popolare SC CNH Industrial NV Enel SpA Eni SpA EXOR SpA Ferrari NVb Fiat Chrysler Automobiles NVa Finmeccanica SpAb Intesa Sanpaolo SpA Luxottica Group SpA Mediobanca SpA Prysmian SpA Saipem SpAb Snam SpA Telecom Italia SpA/Milanoa,b Tenaris SA Terna Rete Elettrica Nazionale SpA UniCredit SpA Unione di Banche Italiane SpA UnipolSai SpA

10,218 $ 3,822 3,751 9,048 73,067 23,374 962 1,235 8,142 4,326 114,218 1,638 5,033 1,690 58,604 20,774 94,380 4,368 13,744 44,382 8,850 8,398

NETHERLANDS — 1.26% Aegon NV AerCap Holdings NVa,b Akzo Nobel NV Altice NV Class Aa,b Altice NV Class Bb ASML Holding NV Boskalis Westminster Chicago Bridge & Iron Co. NV Gemalto NV Heineken Holding NV Heineken NV ING Groep NV CVA Koninklijke Ahold NV Koninklijke DSM NV Koninklijke KPN NV Koninklijke Philips NV Koninklijke Vopak NV NN Group NV

362

16,926 754 2,288 2,964 1,300 3,198 808 910 754 962 2,158 35,568 7,826 1,664 31,176 8,863 676 2,834

Value

155,886 106,462 26,486 69,433 331,234 380,154 36,140 55,619 65,371 54,651 316,583 89,245 41,361 39,855 28,057 126,819 91,883 58,934 77,512 171,510 37,525 19,603 2,380,323 97,164 30,167 162,186 44,981 19,870 309,143 33,691 36,627 49,052 79,431 202,306 435,691 170,307 102,078 122,655 243,630 36,735 98,221

Security

Shares

Value

NXP Semiconductors NVb OCI NVb Randstad Holding NV RELX NV TNT Express NVb Unilever NV CVA Wolters Kluwer NV

1,326 $ 858 1,092 9,240 5,330 15,158 2,652

NEW ZEALAND — 0.07% Auckland International Airport Ltd. Contact Energy Ltd. Fletcher Building Ltd. Meridian Energy Ltd. Mighty River Power Ltd. Ryman Healthcare Ltd. Spark New Zealand Ltd.

9,178 6,838 5,538 12,383 6,500 3,380 16,328

NORWAY — 0.25% DNB ASA Gjensidige Forsikring ASA Norsk Hydro ASA Orkla ASA Schibsted ASA Schibsted ASA Class Bb Statoil ASA Telenor ASA Yara International ASA

39,469 24,290 32,296 22,946 13,726 21,106 42,358 196,191

9,100 1,898 13,364 7,514 728 650 10,114 6,838 1,768

116,514 32,504 58,137 65,600 21,237 18,478 178,733 117,698 70,787 679,688

PORTUGAL — 0.07% Banco Comercial Portugues SA Registereda,b 520,936 EDP - Energias de Portugal SA 23,780 Galp Energia SGPS SA 3,396 Jeronimo Martins SGPS SA 2,444 SINGAPORE — 0.60% Ascendas REIT CapitaLand Commercial Trust Ltd. CapitaLand Ltd. CapitaLand Mall Trusta City Developments Ltd. ComfortDelGro Corp. Ltd.

15,937 12,700 26,000 26,200 2,800 18,200

113,081 16,966 58,665 155,094 48,392 666,063 100,950 3,433,146

23,090 84,542 46,656 40,001 194,289 29,169 13,512 60,161 40,351 17,374 39,134

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April 30, 2016 Security

DBS Group Holdings Ltd. Genting Singapore PLC Global Logistic Properties Ltd.a Golden Agri-Resources Ltd. Hutchison Port Holdings Trusta Jardine Cycle & Carriage Ltd.a Jardine Matheson Holdings Ltd.a Keppel Corp. Ltd.a Noble Group Ltd.a,b Oversea-Chinese Banking Corp. Ltd.a SembCorp Industries Ltd.a Sembcorp Marine Ltda Singapore Airlines Ltd. Singapore Exchange Ltd.a Singapore Press Holdings Ltd.a Singapore Technologies Engineering Ltd. Singapore Telecommunications Ltd.a StarHub Ltd. Suntec REITa United Overseas Bank Ltd.a UOL Group Ltd. Wilmar International Ltd. Yangzijiang Shipbuilding Holdings Ltd.a SPAIN — 1.33% Abertis Infraestructuras SA ACS Actividades de Construccion y Servicios SA Aena SAb,d Amadeus IT Holding SA Class A Banco Bilbao Vizcaya Argentaria SA Banco de Sabadell SA Banco de Sabadell SA Newb Banco Popular Espanol SAa Banco Santander SA Bankia SA Bankinter SA CaixaBank SA

Shares 15,600 $ 52,800 28,600 78,000 52,000 1,110 2,600 14,700 52,163 28,725 9,900 5,600 5,600 6,100 19,000 12,700 72,800 5,600 26,000 13,000 2,800 18,200 15,600

Value 177,351 32,017 40,749 23,213 23,140 31,895 143,780 59,060 17,853 187,432 21,287 6,958 47,915 34,175 57,394 30,426 209,076 13,791 32,596 179,904 12,791 50,238 11,491 1,644,233

4,654

78,491

1,668 650 4,030 62,029 46,599 1,354 15,683 133,484 43,368 6,266 24,588

55,164 92,725 183,430 425,062 89,078 2,588 42,661 675,908 40,383 47,769 74,037

Security Distribuidora Internacional de Alimentacion SAa Enagas SA Endesa SA Ferrovial SA Gas Natural SDG SA Grifols SA Iberdrola SA Industria de Diseno Textil SA International Consolidated Airlines Group SA Mapfre SA Red Electrica Corp. SA Repsol SA Telefonica SA Zardoya Otis SA SWEDEN — 1.19% Alfa Laval AB Assa Abloy AB Atlas Copco AB Class A Atlas Copco AB Class B Boliden AB Electrolux AB Class B Getinge AB Class B Hennes & Mauritz AB Class B Hexagon AB Class B Husqvarna AB Class B ICA Gruppen AB Industrivarden AB Class C Investment AB Kinnevik Class B Investor AB Class B Lundin Petroleum ABb Millicom International Cellular SA SDR Nordea Bank AB Sandvik AB Securitas AB Class B Skandinaviska Enskilda Banken AB Class A Skanska AB Class B SKF AB Class B Svenska Cellulosa AB SCA Class B

Shares

Value

5,590 $ 31,027 1,816 55,337 3,224 67,704 4,056 87,290 3,224 67,076 2,835 61,678 48,010 341,147 10,192 327,264 7,798 59,975 8,632 21,899 1,015 90,642 10,401 136,342 41,652 454,257 1,701 18,060 3,626,994 2,494 8,970 6,266 3,614 2,340 2,314 2,054 8,944 2,247 4,606 728 1,352 2,262 4,160 2,132 624 28,392 10,062 3,250 13,988 3,406 3,693 5,694

39,357 188,290 162,304 86,809 40,835 67,207 43,474 318,296 89,684 36,745 23,929 24,639 65,132 152,815 39,969 36,091 275,870 103,349 51,368 133,735 74,977 68,083 179,498

363

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April 30, 2016 Security

Svenska Handelsbanken AB Class A Swedbank AB Class A Swedish Match AB Tele2 AB Class B Telefonaktiebolaget LM Ericsson Class B Telia Co. AB Volvo AB Class B SWITZERLAND — 3.72% ABB Ltd. Registered Actelion Ltd. Registered Adecco SA Registered Aryzta AG Baloise Holding AG Registered Barry Callebaut AG Registered Chocoladefabriken Lindt & Sprungli AG Participation Certificates Cie. Financiere Richemont SA Class A Registered Credit Suisse Group AG Registered Dufry AG Registereda,b EMS-Chemie Holding AG Registered Galenica AG Registered Geberit AG Registered Givaudan SA Registered Julius Baer Group Ltd. Kuehne + Nagel International AG Registered LafargeHolcim Ltd. Registered Lonza Group AG Registered Nestle SA Registered Novartis AG Registered Pargesa Holding SA Bearer Partners Group Holding AG Roche Holding AG Schindler Holding AG Participation Certificates Schindler Holding AG Registered SGS SA Registered

364

Shares

Value

13,806 $ 183,966 8,372 180,747 56,957 1,794 2,756 26,315 226,248 27,924 111,492 23,323 14,066 164,813 3,252,994 20,306 962 1,560 806 443 26

429,635 155,566 100,501 31,323 54,861 30,571

15

91,862

4,810 16,654 364 78 26 364 82 2,067 554 4,094 494 29,614 21,112 339 156 6,500 442 156 52

320,165 253,155 47,926 38,593 38,030 139,866 161,690 88,438 79,878 207,455 82,256 2,209,078 1,612,309 23,573 64,288 1,644,497 80,561 28,693 114,525

Security Sika AG Bearer Sonova Holding AG Registered Sulzer AG Registered Swatch Group AG (The) Bearera Swatch Group AG (The) Registered Swiss Life Holding AG Registered Swiss Prime Site AG Registered Swiss Re AG Swisscom AG Registered Syngenta AG Registered UBS Group AG Zurich Insurance Group AG UNITED KINGDOM — 7.98% 3i Group PLC Aberdeen Asset Management PLC Admiral Group PLC Aggreko PLC Anglo American PLC Antofagasta PLC ARM Holdings PLC Ashtead Group PLC Associated British Foods PLC AstraZeneca PLC Auto Trader Group PLCd Aviva PLC Babcock International Group PLC BAE Systems PLC Barclays PLC Barratt Developments PLC Berkeley Group Holdings PLC BHP Billiton PLC BP PLC British American Tobacco PLC British Land Co. PLC (The) BT Group PLC Bunzl PLC Burberry Group PLC Capita PLC Carnival PLC Centrica PLC Cobham PLC

Shares 20 $ 468 78 286 418 286 572 3,250 236 858 33,696 1,378

9,572 8,918 1,820 2,334 12,740 3,250 13,026 4,680 3,380 11,492 7,904 36,792 2,420 29,848 153,615 8,632 1,092 19,578 168,194 17,160 9,178 77,610 3,276 4,212 6,032 1,774 47,166 11,050

Value 85,196 62,595 7,124 97,750 27,954 72,238 50,158 288,550 119,785 343,737 583,572 308,666 10,176,620 66,408 39,022 49,510 37,165 142,472 23,005 178,892 62,216 151,710 661,265 43,420 233,049 33,589 208,696 385,928 67,335 47,910 267,611 920,873 1,048,242 96,669 503,878 97,852 73,363 88,451 88,279 164,719 24,928

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April 30, 2016 Security

Shares

Coca-Cola HBC AGb Compass Group PLC Croda International PLC Diageo PLC Direct Line Insurance Group PLC Dixons Carphone PLC easyJet PLC Experian PLC Fresnillo PLC G4S PLC GKN PLC GlaxoSmithKline PLC Glencore PLC Hammerson PLC Hargreaves Lansdown PLC HSBC Holdings PLC ICAP PLC IMI PLC Imperial Brands PLC Inmarsat PLC InterContinental Hotels Group PLC Intertek Group PLC Intu Properties PLC Investec PLC ITV PLC J Sainsbury PLCa Johnson Matthey PLC Kingfisher PLC Land Securities Group PLC Legal & General Group PLC Lloyds Banking Group PLC London Stock Exchange Group PLC Marks & Spencer Group PLC Mediclinic International PLC Meggitt PLC Merlin Entertainments PLCd Mondi PLC National Grid PLC Next PLC Old Mutual PLC Pearson PLC Persimmon PLC Petrofac Ltd.

1,756 $ 15,288 1,196 23,192 11,702 9,074 1,638 9,048 2,158 15,964 14,664 44,928 114,972 7,675 2,639 180,232 5,382 2,163 8,632 3,848 2,237 1,534 8,451 4,940 34,268 13,780 1,818 21,281 7,540 56,160 526,986 2,886 15,782 3,678 7,410 6,916 3,311 34,560 1,378 44,937 7,566 2,834 2,574

Value 36,013 273,000 52,753 627,160 62,038 56,520 35,345 165,813 35,185 44,059 59,868 960,242 274,360 65,716 49,715 1,194,700 36,937 29,626 470,205 52,395 89,429 73,190 37,672 37,847 113,049 58,318 76,886 113,444 125,033 183,542 517,769 114,698 97,909 48,761 44,581 43,716 63,442 493,512 102,648 122,111 89,222 82,491 31,862

Security Provident Financial PLC Prudential PLC Randgold Resources Ltd. Reckitt Benckiser Group PLC RELX PLC Rexam PLC Rio Tinto PLC Rolls-Royce Holdings PLC Rolls-Royce Holdings PLC Newb Royal Bank of Scotland Group PLCb Royal Dutch Shell PLC Class A Royal Dutch Shell PLC Class B Royal Mail PLC RSA Insurance Group PLC SABMiller PLC Sage Group PLC (The) Schroders PLC Segro PLC Severn Trent PLC Shire PLC Sky PLC Smith & Nephew PLC Smiths Group PLC Sports Direct International PLCb SSE PLC St. James’s Place PLC Standard Chartered PLC Standard Life PLC Tate & Lyle PLC Taylor Wimpey PLC Tesco PLCb Travis Perkins PLC TUI AG Unilever PLC United Utilities Group PLC Vodafone Group PLC Weir Group PLC (The) Whitbread PLC William Hill PLC Wm Morrison Supermarkets PLC Wolseley PLC Worldpay Group PLCb,d WPP PLC

Shares 1,404 $ 23,686 825 5,824 10,062 6,368 11,206 16,952 1,203,592 28,487 36,166 36,857 7,670 8,710 8,970 9,960 1,092 7,514 2,132 5,460 9,334 8,450 3,666 2,522 9,075 4,822 30,354 17,680 4,446 28,210 76,414 2,418 4,828 11,856 6,139 244,998 2,184 1,690 7,800 20,722 2,497 13,832 12,142

Value 59,933 467,551 81,818 567,692 178,352 58,303 377,643 166,257 1,763 95,980 942,772 964,295 54,707 58,578 549,916 86,375 40,216 45,977 69,553 340,810 128,325 143,094 59,503 14,231 200,739 61,243 245,495 84,458 38,296 76,162 192,647 65,459 70,089 530,501 84,489 786,704 38,392 95,858 35,730 58,010 139,767 54,081 283,878 21,844,881

365

ˆ200F9Gq$mBMxXQZZ!Š 200F9Gq$mBMxXQZZ!

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April 30, 2016 Security

UNITED STATES — 63.97% 3M Co. Abbott Laboratories AbbVie Inc. Accenture PLC Class A Activision Blizzard Inc. Acuity Brands Inc. Adobe Systems Inc.b ADT Corp. (The) Advance Auto Parts Inc. AES Corp./VA Aetna Inc. Affiliated Managers Group Inc.b Aflac Inc. AGCO Corp. Agilent Technologies Inc. AGL Resources Inc. Air Products & Chemicals Inc. Airgas Inc. Akamai Technologies Inc.b Albemarle Corp. Alcoa Inc. Alexion Pharmaceuticals Inc.b Alkermes PLCb Alleghany Corp.b Allergan PLCb Alliance Data Systems Corp.b Alliant Energy Corp. Allstate Corp. (The) Ally Financial Inc.b Alnylam Pharmaceuticals Inc.b Alphabet Inc. Class Ab Alphabet Inc. Class Cb Altria Group Inc. Amazon.com Inc.b AMERCO Ameren Corp. American Airlines Group Inc. American Capital Agency Corp. American Electric Power Co. Inc. American Express Co. American International Group Inc. American Tower Corp. American Water Works Co. Inc. Ameriprise Financial Inc.

366

Shares

5,668 $ 13,690 15,236 5,694 4,683 390 4,654 1,716 676 6,656 3,146 494 3,952 719 3,042 1,196 1,869 650 1,586 988 12,298 2,054 1,352 156 3,640 546 1,014 3,666 3,508 693 2,678 2,886 18,044 3,666 52 2,288 1,690 3,146 4,576 7,644 11,440 3,874 1,612 1,638

Value

948,710 532,541 929,396 642,966 161,423 95,117 438,500 72,038 105,524 74,281 353,201 84,138 272,569 38,445 124,479 78,769 272,668 92,586 80,870 65,366 137,369 286,081 53,742 81,320 788,278 111,007 71,507 238,473 62,477 46,459 1,895,703 2,000,027 1,131,539 2,418,057 18,304 109,824 58,626 57,792 290,576 500,147 638,581 406,305 117,289 157,084

Security AmerisourceBergen Corp. AMETEK Inc. Amgen Inc. Amphenol Corp. Class A Anadarko Petroleum Corp. Analog Devices Inc. Annaly Capital Management Inc. ANSYS Inc.b Antero Resources Corp.b Anthem Inc. Aon PLC Apache Corp. Apple Inc. Applied Materials Inc. Aramark Arch Capital Group Ltd.b Archer-Daniels-Midland Co. Arrow Electronics Inc.b Arthur J Gallagher & Co. Ashland Inc. Assurant Inc. AT&T Inc. Atmos Energy Corp. Autodesk Inc.b Autoliv Inc. Automatic Data Processing Inc. AutoNation Inc.a,b AutoZone Inc.b AvalonBay Communities Inc. Avery Dennison Corp. Avnet Inc. Axalta Coating Systems Ltd.b Axis Capital Holdings Ltd. B/E Aerospace Inc. Baker Hughes Inc. Ball Corp. Bank of America Corp. Bank of New York Mellon Corp. (The) Baxalta Inc. Baxter International Inc. BB&T Corp. Becton Dickinson and Co. Bed Bath & Beyond Inc.a,b Berkshire Hathaway Inc. Class Bb

Shares 1,820 $ 2,236 6,994 2,827 4,628 2,898 8,788 858 936 2,392 2,548 3,484 51,480 11,180 1,924 1,222 5,538 858 1,575 572 633 57,122 910 2,158 780 4,342 728 288 1,222 806 1,144 1,378 988 1,040 4,056 1,209 95,342 10,010 6,240 5,018 7,358 1,924 1,345 10,972

Value 154,882 107,529 1,107,150 157,831 244,173 163,215 91,571 77,881 26,489 336,722 267,846 189,530 4,825,735 228,855 64,473 86,139 221,188 53,282 72,513 63,835 53,533 2,217,476 66,021 129,092 95,527 384,006 36,873 220,386 216,037 58,524 47,041 39,232 52,631 50,575 196,148 86,298 1,388,180 402,802 261,768 221,896 260,326 310,264 63,511 1,596,207

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April 30, 2016 Security

Best Buy Co. Inc. Biogen Inc.b BioMarin Pharmaceutical Inc.b BlackRock Inc.e Boeing Co. (The) BorgWarner Inc. Boston Properties Inc. Boston Scientific Corp.b Bristol-Myers Squibb Co. Brixmor Property Group Inc. Broadcom Ltd. Brown-Forman Corp. Class B Bunge Ltd. CA Inc. Cablevision Systems Corp. Class A Cabot Oil & Gas Corp. Calpine Corp.b Camden Property Trust Campbell Soup Co. Capital One Financial Corp. Cardinal Health Inc. CarMax Inc.a,b Carnival Corp. Caterpillar Inc. CBRE Group Inc. Class Ab CBS Corp. Class B NVS CDK Global Inc. CDW Corp./DE Celanese Corp. Series A Celgene Corp.b Centene Corp.b CenterPoint Energy Inc. CenturyLink Inc. Cerner Corp.b CF Industries Holdings Inc. CH Robinson Worldwide Inc. Charles Schwab Corp. (The) Charter Communications Inc. Class Aa,b Cheniere Energy Inc.b Chevron Corp. Chipotle Mexican Grill Inc.b Chubb Ltd. Church & Dwight Co. Inc.

Shares 2,782 $ 2,080 1,508 1,170 5,876 2,132 1,378 12,480 15,366 1,491 3,617 1,092 1,300 3,068 1,898 4,264 3,146 832 1,690 4,836 3,042 1,976 3,859 5,278 2,678 4,004 1,275 1,222 1,456 7,202 1,438 3,874 5,304 2,808 2,132 1,326 10,972 786 2,106 17,394 286 4,164 1,167

Value 89,247 571,979 127,697 416,906 792,085 76,581 177,569 273,562 1,109,118 37,648 527,178 105,181 81,250 90,997 63,374 99,778 49,644 67,167 104,290 350,078 238,675 104,629 189,284 410,206 79,349 223,864 60,652 47,047 102,939 744,759 89,098 83,097 164,159 157,641 70,505 94,106 311,715 166,821 81,881 1,777,319 120,397 490,769 108,181

Security Cigna Corp. Cimarex Energy Co. Cincinnati Financial Corp. Cintas Corp. Cisco Systems Inc. CIT Group Inc. Citigroup Inc. Citizens Financial Group Inc. Citrix Systems Inc.b Clorox Co. (The) CME Group Inc./IL CMS Energy Corp. Coach Inc. Coca-Cola Co. (The) Coca-Cola Enterprises Inc. Cognizant Technology Solutions Corp. Class Ab Colgate-Palmolive Co. Columbia Pipeline Group Inc. Comcast Corp. Class A Comerica Inc. ConAgra Foods Inc. Concho Resources Inc.b ConocoPhillips Consolidated Edison Inc. Constellation Brands Inc. Class A Continental Resources Inc./OKa,b Cooper Companies Inc. (The) Core Laboratories NV Corning Inc. Costco Wholesale Corp. CR Bard Inc. Crown Castle International Corp. Crown Holdings Inc.b CSX Corp. Cummins Inc. CVS Health Corp. Danaher Corp. Darden Restaurants Inc. DaVita HealthCare Partners Inc.b Deere & Co. Delphi Automotive PLC Delta Air Lines Inc. DENTSPLY SIRONA Inc. Devon Energy Corp.

Shares

Value

2,366 $ 832 1,456 754 46,878 1,679 27,300 4,602 1,482 1,222 3,016 2,418 2,678 38,038 2,080

327,786 90,588 96,111 67,694 1,288,676 58,043 1,263,444 105,156 121,287 153,031 277,201 98,364 107,843 1,704,102 109,158

5,616 7,722 3,432 22,906 1,768 3,900 1,152 11,362 2,645 1,612 884 442 364 11,232 4,004 702 3,083 1,326 9,007 1,534 10,244 5,642 1,003 1,612 2,834 2,548 1,820 2,236 4,108

327,806 547,644 87,928 1,391,769 78,499 173,784 133,828 542,990 197,317 251,569 32,938 67,661 48,652 209,701 593,113 148,943 267,851 70,225 245,621 179,524 1,029,522 545,864 62,437 119,127 238,368 187,609 75,839 133,266 142,465

367

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April 30, 2016 Security

Shares

Dick’s Sporting Goods Inc. 884 $ Digital Realty Trust Inc. 1,378 Discover Financial Services 3,874 Discovery Communications Inc. Class Aa,b 1,352 Discovery Communications Inc. Class C NVSb 2,496 DISH Network Corp. Class Aa,b 2,081 Dollar General Corp. 2,652 Dollar Tree Inc.b 2,002 Dominion Resources Inc./VA 5,403 Dover Corp. 1,482 Dow Chemical Co. (The) 10,374 DR Horton Inc. 3,094 Dr Pepper Snapple Group Inc. 1,664 DTE Energy Co. 1,716 Duke Energy Corp. 6,292 Duke Realty Corp. 3,042 Dun & Bradstreet Corp. (The) 338 E*TRADE Financial Corp.b 2,704 Eastman Chemical Co. 1,378 Eaton Corp. PLC 4,311 Eaton Vance Corp. NVS 988 eBay Inc.b 9,854 Ecolab Inc. 2,444 Edgewell Personal Care Co. 594 Edison International 2,964 Edwards Lifesciences Corp.b 2,054 EI du Pont de Nemours & Co. 8,060 Electronic Arts Inc.b 2,834 Eli Lilly & Co. 9,230 EMC Corp./MA 17,836 Emerson Electric Co. 6,006 Endo International PLCb 1,950 Entergy Corp. 1,690 Envision Healthcare Holdings Inc.b 1,687 EOG Resources Inc. 5,070 EQT Corp. 1,404 Equifax Inc. 1,092 Equinix Inc. 598 Equity Residential 3,340 Essex Property Trust Inc. 628 Estee Lauder Companies Inc. (The) Class A 2,077

368

Value 40,965 121,236 217,990 36,923 66,843 102,572 217,225 159,579 386,152 97,367 545,776 93,006 151,274 152,999 495,684 66,529 37,319 68,087 105,252 272,757 34,116 240,733 281,011 48,750 209,584 218,155 531,235 175,283 697,142 465,698 328,108 52,650 127,054 38,177 418,883 98,420 131,313 197,549 227,354 138,443 199,122

Security Everest Re Group Ltd. Eversource Energy Exelon Corp. Expedia Inc. Expeditors International of Washington Inc. Express Scripts Holding Co.b Extra Space Storage Inc. Exxon Mobil Corp. F5 Networks Inc.b Facebook Inc. Class Ab Fastenal Co. Federal Realty Investment Trust FedEx Corp. Fidelity National Information Services Inc. Fifth Third Bancorp. First Republic Bank/CA FirstEnergy Corp. Fiserv Inc.b FleetCor Technologies Inc.b Flextronics International Ltd.b FLIR Systems Inc. Flowserve Corp. Fluor Corp. FMC Corp. FMC Technologies Inc.b FNF Group Foot Locker Inc.a Ford Motor Co. Fortinet Inc.b Fortune Brands Home & Security Inc. Franklin Resources Inc. Freeport-McMoRan Inc. Frontier Communications Corp. GameStop Corp. Class A Gap Inc. (The) Garmin Ltd. Gartner Inc.b General Dynamics Corp. General Electric Co. General Growth Properties Inc. General Mills Inc. General Motors Co.

Shares 390 $ 3,033 8,447 1,142 1,794 6,266 1,092 38,298 650 21,034 2,548 650 2,496 2,652 7,228 1,326 3,952 2,177 702 5,538 1,326 1,274 1,456 1,252 2,236 2,393 1,326 33,670 1,222 1,435 3,406 10,916 11,284 1,066 2,184 1,118 777 2,444 86,814 5,174 5,503 13,130

Value 72,111 171,183 296,405 132,209 89,000 461,992 92,765 3,385,543 68,088 2,473,178 119,221 98,852 412,115 174,502 132,345 93,244 128,796 212,736 108,585 67,287 40,058 62,184 79,585 54,162 68,176 76,337 81,469 456,565 39,727 79,513 127,180 152,824 62,739 34,965 50,625 47,660 67,731 343,431 2,669,531 145,027 337,554 417,534

ˆ200F9Gq$mBMyqKeZÁŠ 200F9Gq$mBMyqKeZ`

BLACKROCK (WEST) N-Q TRUST CYCLE 4-30

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April 30, 2016 Security

Genuine Parts Co. Gilead Sciences Inc. Global Payments Inc. Goldman Sachs Group Inc. (The) Goodyear Tire & Rubber Co. (The) H&R Block Inc. Halliburton Co. Hanesbrands Inc. Harley-Davidson Inc. Harman International Industries Inc. Harris Corp. Hartford Financial Services Group Inc. (The) Hasbro Inc. HCA Holdings Inc.b HCP Inc. Helmerich & Payne Inc. Henry Schein Inc.b Hershey Co. (The) Hertz Global Holdings Inc.b Hess Corp. Hewlett Packard Enterprise Co. Hilton Worldwide Holdings Inc. HollyFrontier Corp. Hologic Inc.b Home Depot Inc. (The) Honeywell International Inc. Hormel Foods Corp. Host Hotels & Resorts Inc. HP Inc. Humana Inc. Huntington Bancshares Inc./OH IHS Inc. Class Ab Illinois Tool Works Inc. Illumina Inc.b IMS Health Holdings Inc.b Incyte Corp.b Ingersoll-Rand PLC Intel Corp. Intercontinental Exchange Inc. International Business Machines Corp.

Shares 1,430 $ 13,260 1,326 3,588 2,513 2,132 7,904 3,744 1,837 609 1,118 3,863 1,092 2,938 4,472 1,078 780 1,430 3,554 2,730 16,909 4,784 1,586 2,315 11,648 6,786 2,548 6,812 16,545 1,378 7,592 624 3,016 1,326 1,326 1,534 2,262 43,446 1,118 8,502

Value 137,237 1,169,665 95,711 588,827 72,802 43,152 326,514 108,688 87,864 46,747 89,451 171,440 92,427 236,862 151,288 71,277 131,586 133,147 32,910 162,763 281,704 105,487 56,462 77,761 1,559,551 775,436 98,225 107,766 203,007 244,002 76,376 76,864 315,232 178,997 35,325 110,862 148,251 1,315,545 268,354 1,240,782

Security International Flavors & Fragrances Inc. International Paper Co. Interpublic Group of Companies Inc. (The) Intuit Inc. Intuitive Surgical Inc.b Invesco Ltd. Ionis Pharmaceuticals Inc.a,b Iron Mountain Inc. Jacobs Engineering Group Inc.b Jazz Pharmaceuticals PLCb JB Hunt Transport Services Inc. JM Smucker Co. (The) Johnson & Johnson Johnson Controls Inc. Jones Lang LaSalle Inc. JPMorgan Chase & Co. Juniper Networks Inc. Kansas City Southern Kellogg Co. KeyCorp Kimberly-Clark Corp. Kimco Realty Corp. Kinder Morgan Inc./DE KLA-Tencor Corp. Kohl’s Corp. Kraft Heinz Co. (The) Kroger Co. (The) L Brands Inc. L-3 Communications Holdings Inc. Laboratory Corp. of America Holdingsb Lam Research Corp. Las Vegas Sands Corp. Lear Corp. Legg Mason Inc. Leggett & Platt Inc. Lennar Corp. Class A Leucadia National Corp. Level 3 Communications Inc.b Liberty Global PLC Series Aa,b Liberty Global PLC Series C NVSa,b

Shares 728 $ 3,458 3,978 2,366 338 3,666 1,092 2,264 1,144 572 858 1,092 25,532 6,032 390 34,034 3,250 1,040 2,444 8,253 3,328 3,796 17,264 1,508 1,716 5,590 8,398 2,314 728 970 1,508 3,785 721 936 1,170 1,612 2,860 2,869 2,290 5,487

Value 86,974 149,628 91,255 238,706 211,710 113,683 44,739 82,704 51,000 86,200 71,111 138,662 2,861,627 249,725 44,916 2,150,949 76,050 98,540 187,724 101,429 416,632 106,744 306,609 105,470 76,019 436,411 297,205 181,163 95,754 121,560 115,211 170,893 83,009 30,055 57,669 73,040 47,705 149,934 86,402 200,824

369

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April 30, 2016 Security

Shares

Liberty Interactive Corp. QVC Group Series Ab 4,134 $ Liberty Property Trust 1,352 Liberty SiriusXM Group Class Ab 884 Liberty SiriusXM Group Class Cb 2,150 Lincoln National Corp. 2,106 Linear Technology Corp. 2,106 LinkedIn Corp. Class Ab 1,066 LKQ Corp.b 2,834 Lockheed Martin Corp. 2,522 Loews Corp. 2,652 Lowe’s Companies Inc. 8,502 lululemon athletica Inc.b 1,144 LyondellBasell Industries NV Class A 3,562 M&T Bank Corp. 1,326 Macerich Co. (The) 1,239 Macy’s Inc. 2,855 Mallinckrodt PLCa,b 1,066 ManpowerGroup Inc. 702 Marathon Oil Corp. 7,410 Marathon Petroleum Corp. 4,836 Markel Corp.b 130 Marriott International Inc./MD Class A 1,997 Marsh & McLennan Companies Inc. 4,862 Martin Marietta Materials Inc. 494 Marvell Technology Group Ltd. 4,498 Masco Corp. 3,123 MasterCard Inc. Class A 9,100 Mattel Inc. 3,198 Maxim Integrated Products Inc. 2,678 McCormick & Co. Inc./MD 1,066 McDonald’s Corp. 8,580 McKesson Corp. 2,080 Mead Johnson Nutrition Co. 1,742 Medivation Inc.b 1,768 MEDNAX Inc.b 806 Medtronic PLC 13,000 Merck & Co. Inc. 25,870 MetLife Inc. 8,701 Mettler-Toledo International Inc.b 286 MGM Resorts Internationala,b 4,108 Michael Kors Holdings Ltd.b 1,664

370

Value 108,311 47,185 28,969 68,843 91,506 93,675 133,580 90,830 586,062 105,231 646,322 74,989 294,471 156,892 94,263 113,029 66,646 54,075 104,407 188,991 116,884 139,970 307,035 83,600 44,890 95,907 882,609 99,426 95,658 99,969 1,085,284 349,066 151,815 102,190 57,460 1,028,950 1,418,711 392,415 102,374 87,500 85,962

Security Microchip Technology Inc. Micron Technology Inc.b Microsoft Corp. Mid-America Apartment Communities Inc. Mohawk Industries Inc.b Molson Coors Brewing Co. Class B Mondelez International Inc. Class A Monsanto Co. Monster Beverage Corp.b Moody’s Corp. Morgan Stanley Mosaic Co. (The) Motorola Solutions Inc. MSCI Inc. Murphy Oil Corp. Mylan NVb Nasdaq Inc. National Oilwell Varco Inc. Navient Corp. NetApp Inc. Netflix Inc.b NetSuite Inc.a,b New York Community Bancorp. Inc. Newell Brands Inc. Newmont Mining Corp. News Corp. Class A NextEra Energy Inc. Nielsen Holdings PLC NIKE Inc. Class B Noble Energy Inc. Nordstrom Inc. Norfolk Southern Corp. Northern Trust Corp. Northrop Grumman Corp. Norwegian Cruise Line Holdings Ltd.b NRG Energy Inc. Nuance Communications Inc.b Nucor Corp. NVIDIA Corp. O’Reilly Automotive Inc.b

Shares 1,794 $ 9,883 69,836 702 598 1,690 14,586 4,108 1,300 1,690 13,234 3,016 1,456 988 1,508 3,900 1,118 3,458 3,770 2,652 3,796 312 4,082 4,144 4,940 3,565 4,290 3,172 12,454 3,941 1,352 2,756 2,002 1,638 1,560 3,043 2,340 2,860 4,862 884

Value 87,170 106,242 3,482,721 67,188 115,193 161,615 626,615 384,837 187,486 161,767 358,112 84,418 109,477 75,029 53,896 162,669 68,992 124,626 51,536 62,693 341,754 25,284 61,352 188,718 172,752 44,277 504,418 165,388 734,039 142,310 69,128 248,343 142,302 337,854 76,268 45,949 40,201 142,371 172,747 232,209

ˆ200F9Gq$mBMzd0i%7Š 200F9Gq$mBMzd0i%7

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For personal use only

April 30, 2016 Security

Occidental Petroleum Corp. Oceaneering International Inc. OGE Energy Corp. Omnicom Group Inc. ONEOK Inc. Oracle Corp. PACCAR Inc. Packaging Corp. of America Palo Alto Networks Inc.b Parker-Hannifin Corp. Patterson Companies Inc. Paychex Inc. PayPal Holdings Inc.b Pentair PLC People’s United Financial Inc. PepsiCo Inc. Perrigo Co. PLC Pfizer Inc. PG&E Corp. Philip Morris International Inc. Phillips 66 Pinnacle West Capital Corp. Pioneer Natural Resources Co. Plains GP Holdings LP Class A PNC Financial Services Group Inc. (The)e Polaris Industries Inc. PPG Industries Inc. PPL Corp. Praxair Inc. Priceline Group Inc. (The)b Principal Financial Group Inc. Procter & Gamble Co. (The) Progressive Corp. (The) Prologis Inc. Prudential Financial Inc. Public Service Enterprise Group Inc. Public Storage PulteGroup Inc. PVH Corp. Qorvo Inc.b QUALCOMM Inc. Quanta Services Inc.b Quest Diagnostics Inc.

Shares 7,020 $ 962 1,820 2,231 1,966 29,510 3,198 884 728 1,222 806 3,068 10,322 1,744 2,652 13,416 1,352 56,784 4,524 14,352 4,940 988 1,560 1,716 4,680 572 2,418 6,084 2,548 468 2,496 25,142 5,200 4,784 4,056 4,680 1,352 2,990 754 1,352 13,910 1,872 1,269

Value 538,083 35,257 53,854 185,106 71,071 1,176,269 188,394 57,354 109,833 141,776 34,940 159,904 404,416 101,292 41,106 1,381,311 130,698 1,857,405 263,297 1,408,218 405,623 71,778 259,116 16,988 410,810 55,987 266,923 229,002 299,288 628,833 106,529 2,014,377 169,520 217,241 314,908 215,888 330,983 54,986 72,082 60,881 702,733 44,404 95,391

Security Quintiles Transnational Holdings Inc.b Ralph Lauren Corp. Range Resources Corp. Raymond James Financial Inc. Raytheon Co. Realogy Holdings Corp.b Realty Income Corp.a Red Hat Inc.b Regency Centers Corp. Regeneron Pharmaceuticals Inc.b Regions Financial Corp. RenaissanceRe Holdings Ltd. Republic Services Inc. ResMed Inc. Reynolds American Inc. Rite Aid Corp.b Robert Half International Inc. Rockwell Automation Inc. Rockwell Collins Inc. Roper Technologies Inc. Ross Stores Inc. Royal Caribbean Cruises Ltd. S&P Global Inc. Sabre Corp. salesforce.com inc.b SanDisk Corp. SBA Communications Corp. Class Ab SCANA Corp. Schlumberger Ltd. Scripps Networks Interactive Inc. Class A Seagate Technology PLC Sealed Air Corp. SEI Investments Co. Sempra Energy Sensata Technologies Holding NVb ServiceNow Inc.b Sherwin-Williams Co. (The) Signature Bank/New York NYb Signet Jewelers Ltd. Simon Property Group Inc. Sirius XM Holdings Inc.b

Shares 884 $ 572 1,508 1,264 2,782 1,352 2,366 1,664 910 702 12,012 364 2,288 1,222 7,876 9,074 1,222 1,248 1,170 936 3,848 1,638 2,496 1,846 5,824 1,950 1,196 1,170 12,980 728 2,704 2,002 1,378 2,184 1,534 1,508 729 416 702 2,912 24,986

Value 61,058 53,316 66,518 65,943 351,506 48,320 140,067 122,088 67,067 264,450 112,673 40,371 107,696 68,188 390,650 73,046 46,815 141,611 103,182 164,820 218,489 126,781 266,698 53,442 441,459 146,504 123,236 80,367 1,042,813 45,391 58,866 94,815 66,254 225,716 57,786 107,792 209,449 57,337 76,209 585,807 98,695

371

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For personal use only

April 30, 2016 Security

Skyworks Solutions Inc. SL Green Realty Corp. Snap-on Inc. Southern Co. (The) Southwest Airlines Co. Southwestern Energy Co.b Spectra Energy Corp. Splunk Inc.a,b Sprint Corp.a,b St. Jude Medical Inc. Stanley Black & Decker Inc. Staples Inc. Starbucks Corp. Starwood Hotels & Resorts Worldwide Inc. State Street Corp. Stericycle Inc.b Stryker Corp. SunTrust Banks Inc. Symantec Corp. Synchrony Financialb Synopsys Inc.b Sysco Corp. T Rowe Price Group Inc. T-Mobile U.S. Inc.b Tableau Software Inc. Class Ab Target Corp. TD Ameritrade Holding Corp. TE Connectivity Ltd. TECO Energy Inc. TEGNA Inc. Teradata Corp.b Tesla Motors Inc.a,b Tesoro Corp. Texas Instruments Inc. Textron Inc. Thermo Fisher Scientific Inc. Tiffany & Co. Time Warner Cable Inc. Time Warner Inc. TJX Companies Inc. (The) Toll Brothers Inc.b Torchmark Corp. Total System Services Inc. Tractor Supply Co.

372

Shares 1,768 $ 884 546 8,320 1,612 3,692 6,370 1,134 7,800 2,626 1,378 5,876 13,650 1,555 3,765 754 3,120 4,862 6,136 7,790 1,456 5,356 2,210 2,652 463 5,356 2,496 3,562 2,132 2,016 1,287 910 1,144 9,308 2,652 3,718 1,196 2,606 7,306 6,162 1,600 1,191 1,482 1,170

Value 118,138 92,891 86,967 416,832 71,911 49,584 199,190 58,945 26,754 200,101 154,226 59,935 767,540 127,323 234,560 72,052 340,111 202,940 102,134 238,140 69,189 246,751 166,391 104,171 23,937 425,802 74,456 211,868 59,206 47,094 32,561 219,092 91,165 530,928 102,579 536,322 85,335 552,759 548,973 467,203 43,680 68,947 75,789 110,752

Security TransDigm Group Inc.b Travelers Companies Inc. (The) Trimble Navigation Ltd.b TripAdvisor Inc.b Twenty-First Century Fox Inc. Class A Twenty-First Century Fox Inc. Class B Twitter Inc.b Tyco International PLC Tyson Foods Inc. Class A U.S. Bancorp. UDR Inc. Ulta Salon Cosmetics & Fragrance Inc.b Under Armour Inc.a,b Under Armour Inc. Class Aa,b Union Pacific Corp. United Continental Holdings Inc.b United Parcel Service Inc. Class B United Rentals Inc.b United Technologies Corp. United Therapeutics Corp.b UnitedHealth Group Inc. Universal Health Services Inc. Class B Unum Group Valero Energy Corp. Vantiv Inc. Class Ab Varian Medical Systems Inc.a,b Ventas Inc. VEREIT Inc. VeriSign Inc.a,b Verisk Analytics Inc. Class Ab Verizon Communications Inc. Vertex Pharmaceuticals Inc.b VF Corp. Viacom Inc. Class B NVS Visa Inc. Class A VMware Inc. Class Aa,b Vornado Realty Trust Voya Financial Inc. Vulcan Materials Co. WABCO Holdings Inc.b

Shares 498 $ 2,782 2,392 1,040 10,868 3,978 5,226 3,835 2,782 16,120 2,418 546 1,676 1,676 7,826 936 6,448 910 7,748 442 8,788 858 2,028 4,602 1,430 936 3,101 8,164 936 1,520 37,700 2,210 3,172 3,245 17,992 754 1,560 2,054 1,248 497

Value 113,479 305,742 57,288 67,174 328,866 119,817 76,404 147,724 183,111 688,163 84,437 113,721 68,381 73,643 682,662 42,878 677,491 60,906 808,659 46,498 1,157,204 114,697 69,378 270,920 77,992 75,984 192,634 72,496 80,870 117,922 1,920,438 186,391 199,995 132,721 1,389,702 42,910 149,339 66,693 134,322 55,744

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For personal use only

April 30, 2016 Security

Wabtec Corp./DE Wal-Mart Stores Inc. Walgreens Boots Alliance Inc. Walt Disney Co. (The) Waste Connections Inc. Waste Management Inc. Waters Corp.b Weatherford International PLCb WEC Energy Group Inc. Wells Fargo & Co. Welltower Inc. Western Digital Corp. Western Union Co. (The) Westlake Chemical Corp. WestRock Co. Weyerhaeuser Co. Whirlpool Corp. WhiteWave Foods Co. (The)b Whole Foods Market Inc. Williams Companies Inc. (The) Willis Towers Watson PLC Workday Inc. Class Aa,b WR Berkley Corp. WR Grace & Co.b WW Grainger Inc.a Wyndham Worldwide Corp. Wynn Resorts Ltd. Xcel Energy Inc. Xerox Corp. Xilinx Inc. XL Group PLC Xylem Inc./NY Yahoo! Inc.b Yum! Brands Inc. Zillow Group Inc. Class Ca,b Zimmer Biomet Holdings Inc. Zoetis Inc.

Shares 884 14,794 8,031 14,482 1,014 4,134 728 8,346 2,926 44,850 3,290 2,080 4,810 442 2,328 7,119 728 1,603 3,276 6,474 1,233 998 988 676 546 1,040 754 4,784 9,386 2,314 2,886 1,768 8,247 4,001 884 1,794 4,382

TOTAL COMMON STOCKS (Cost: $240,980,835)

Value 73,310 989,275 636,698 1,495,411 68,222 243,038 94,756 67,853 170,322 2,241,603 228,392 84,999 96,200 22,184 97,427 228,662 126,774 64,457 95,266 125,531 154,002 74,830 55,328 51,836 128,048 73,788 66,578 191,504 90,106 99,687 94,459 73,867 301,840 318,320 21,251 207,691 206,085 175,048,414

Henkel AG & Co. KGaA Porsche Automobil Holding SE Volkswagen AG

272,009,852

e

$

ITALY — 0.03% Intesa Sanpaolo SpA Telecom Italia SpA/Milano

43,369 24,473

1,664 1,430 1,716

8,762 64,584

Value $

189,976 79,813 248,527 586,158 23,042 50,670 73,712 659,870

SHORT-TERM INVESTMENTS — 2.20% MONEY MARKET FUNDS — 2.20% BlackRock Cash Funds: Institutional, SL Agency Shares 0.50%e,f,g BlackRock Cash Funds: Prime, SL Agency Shares 0.49%e,f,g BlackRock Cash Funds: Treasury, SL Agency Shares 0.28%e,f

5,596,477

5,596,477

305,358

305,358

123,735

123,735 6,025,570

TOTAL SHORT-TERM INVESTMENTS (Cost: $6,025,570) TOTAL INVESTMENTS IN SECURITIES — 101.85% (Cost: $247,739,902) Other Assets, Less Liabilities — (1.85)% NET ASSETS — 100.00%

6,025,570

278,695,292 (5,053,529) $273,641,763

ADR — American Depositary Receipts NVS — Non-Voting Shares SDR — Swedish Depositary Receipts a b c d

g

546 572

Shares

TOTAL PREFERRED STOCKS (Cost: $733,497)

f

PREFERRED STOCKS — 0.24%

GERMANY — 0.21% Bayerische Motoren Werke AG Fuchs Petrolub SE

Security

All or a portion of this security represents a security on loan. See Note 1. Non-income earning security. This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Affiliated issuer. See Note 2. The rate quoted is the annualized seven-day yield of the fund at period end. All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

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(Unaudited)

iSHARES® TRUST

For personal use only

iShares Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust pursuant to an Agreement and Declaration of Trust dated December 16, 1999. These schedules of investments relate only to the following funds (each, a “Fund,” and collectively, the “Funds”):

iShares ETF Adaptive Currency Hedged MSCI EAFEa China Large-Cap Core Aggressive Allocation Core Conservative Allocation Core Growth Allocation Core Moderate Allocation Core MSCI EAFE Core MSCI Europe Core MSCI Pacific Core MSCI Total International Stock Currency Hedged MSCI ACWI Currency Hedged MSCI ACWI ex U.S. Currency Hedged MSCI EAFE Currency Hedged MSCI EAFE Small-Cap Currency Hedged MSCI Europe Small-Capb Edge MSCI Intl Momentum Factor Edge MSCI Intl Quality Factor Edge MSCI Intl Size Factor Edge MSCI Intl Value Factor Edge MSCI Min Vol Asia ex Japan Edge MSCI Min Vol EAFE Currency Hedgedb Edge MSCI Min Vol EAFE Edge MSCI Min Vol Europe Currency Hedgedb Edge MSCI Min Vol Europe Edge MSCI Min Vol Japan Edge MSCI Min Vol USA Edge MSCI Multifactor Global Edge MSCI Multifactor Intl Edge MSCI Multifactor Intl Small-Cap Edge MSCI Multifactor USA Edge MSCI Multifactor USA Small-Cap Edge MSCI USA Momentum Factor Edge MSCI USA Quality Factor Edge MSCI USA Size Factor Edge MSCI USA Value Factor Exponential Technologies Morningstar Multi-Asset Income MSCI ACWI MSCI ACWI ex U.S.

374

Former Name iShares ETF n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a MSCI International Developed Momentum Factor MSCI International Developed Quality Factor MSCI International Developed Size Factor MSCI International Developed Value Factor MSCI Asia ex-Japan Minimum Volatility Currency Hedged MSCI EAFE Minimum Volatility MSCI EAFE Minimum Volatility Currency Hedged MSCI Europe Minimum Volatility MSCI Europe Minimum Volatility MSCI Japan Minimum Volatility MSCI USA Minimum Volatility FactorSelect MSCI Global FactorSelect MSCI International FactorSelect MSCI Intl Small-Cap FactorSelect MSCI USA FactorSelect MSCI USA Small-Cap MSCI USA Momentum Factor MSCI USA Quality Factor MSCI USA Size Factor MSCI USA Value Factor n/a n/a n/a n/a

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iSHARES® TRUST

For personal use only

iShares ETF MSCI ACWI Low Carbon Target MSCI All Country Asia ex Japan MSCI EAFE MSCI EAFE Growth MSCI EAFE Small-Cap MSCI EAFE Value MSCI Europe Financials MSCI Europe Small-Cap MSCI Kokusai a b

Former Name iShares ETF n/a n/a n/a n/a n/a n/a n/a n/a n/a

The Fund commenced operations on January 5, 2016. The Fund commenced operations on October 29, 2015.

Each of the iShares Core MSCI Total International Stock and iShares MSCI All Country Asia ex Japan ETFs carries out its investment strategies associated with investment in Indian securities by investing in a wholly-owned subsidiary in the Republic of Mauritius (each, a “Subsidiary”), which in turn invests in Indian securities included in each Fund’s underlying index. The accompanying schedules of investments are consolidated and include the securities held by each Fund’s Subsidiary.

1.

SIGNIFICANT ACCOUNTING POLICIES

SECURITY VALUATION

Each Fund’s investments are valued at fair value each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date should the reporting date end on a day that the Fund’s listing exchange is not open. Accounting principles generally accepted in the United States of America (“U.S. GAAP”) define fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) provides oversight of the valuation of investments for the Fund. The investments of the Fund are valued pursuant to policies and procedures developed by the Global Valuation Committee and approved by the Board of Trustees of the Trust (the “Board”). •

Equity investments traded on a recognized securities exchange are valued at that day’s last reported trade price or the official closing price, as applicable, on the exchange where the stock is primarily traded. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last traded price.

•

Exchange-traded funds and closed-end funds traded on a recognized securities exchange are valued at that day’s last reported trade price or the official closing price, as applicable, on the exchange where the fund is primarily traded. Funds traded on a recognized exchange for which there were no sales on that day are valued at the last traded price.

•

Open-end U.S. mutual funds (including money market funds) are valued at that day’s published net asset value (“NAV”).

•

Futures contracts are valued at that day’s last reported settlement price on the exchange where the contract is traded.

•

Forward currency contracts are valued based on that day’s prevailing forward exchange rate for the underlying currencies.

In the event that application of these methods of valuation results in a price for an investment which is deemed not to be representative of the fair value of such investment or if a price is not available, the investment will be valued based upon other available factors deemed relevant by the Global Valuation Committee, in accordance with policies approved by the Board. These

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iSHARES® TRUST

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factors include but are not limited to (i) attributes specific to the investment; (ii) the principal market for the investment; (iii) the customary participants in the principal market for the investment; (iv) data assumptions by market participants for the investment, if reasonably available; (v) quoted prices for similar investments in active markets; and (vi) other factors, such as future cash flows, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and/or default rates. Valuations based on such factors are reported to the Board on a quarterly basis.

The Global Valuation Committee employs various methods for calibrating valuation approaches for investments where an active market does not exist, including regular due diligence of the Trust’s pricing vendors, a regular review of key inputs and assumptions, transactional back-testing or disposition analysis to compare unrealized gains and losses to realized gains and losses, reviews of missing or stale prices, reviews of large movements in market values, and reviews of market related activity. Fair value pricing could result in a difference between the prices used to calculate the Fund’s NAV and the prices used by the Fund’s underlying index, which in turn could result in a difference between the Fund’s performance and the performance of the Fund’s underlying index.

Various inputs are used in determining the fair value of financial instruments. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for a financial instrument within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The categorization of a value determined for a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and is not necessarily an indication of the risk associated with investing in the instrument. The three levels of the fair value hierarchy are as follows: •

Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities;

•

Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and

•

Level 3 — Unobservable inputs for the asset or liability, including the Global Valuation Committee’s assumptions used in determining the fair value of investments.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period.

The following table summarizes the value of each of the Funds’ investments according to the fair value hierarchy as of April 30, 2016. The breakdown of each Fund’s investments into major categories is disclosed in its respective schedule of investments. iShares ETF Adaptive Currency Hedged MSCI EAFE Investments: Assets: Exchange-Traded Funds Money Market Funds Total

376

Level 1

$2,387,333 817 $2,388,150

Level 2

Level 3

$

$

$

— — —

$

— — —

Total

$2,387,333 817 $2,388,150

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iSHARES® TRUST

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iShares ETF Derivative Financial Instruments:a Assets: Forward Currency Contracts Liabilities: Forward Currency Contracts Total China Large-Cap Investments: Assets: Common Stocks Money Market Funds Total Derivative Financial Instruments:a Liabilities: Futures Contracts Total

Level 1

Level 2

Level 3

Total

$

—

$

4,060

$

—

$

4,060

$

— —

$

(25,986) (21,926)

$

— —

$

(25,986) (21,926)

$4,417,706,268 90,866,232 $4,508,572,500

$4,371,270,618 90,866,232 $4,462,136,850

$46,435,650 — $46,435,650

$ $

— — —

$ $

$ $

— —

$ $

— —

$ $

— — —

$

— — —

$ 416,532,396 439,730 $ 416,972,126

— — —

$

— — —

$ 260,606,719 331,215 $ 260,937,934

— — —

$

— — —

$ 714,019,706 1,503,814 $ 715,523,520

— — —

$

— — —

$ 473,645,116 724,817 $ 474,369,933

(2,070) (2,070)

Core Aggressive Allocation Investments: Assets: Investment Companies Money Market Funds Total

$ 416,532,396 439,730 $ 416,972,126

$

Core Conservative Allocation Investments: Assets: Investment Companies Money Market Funds Total

$ 260,606,719 331,215 $ 260,937,934

$

Core Growth Allocation Investments: Assets: Investment Companies Money Market Funds Total

$ 714,019,706 1,503,814 $ 715,523,520

$

Core Moderate Allocation Investments: Assets: Investment Companies Money Market Funds Total

$ 473,645,116 724,817 $ 474,369,933

$

$

$

$

$

$

$

$

$

(2,070) (2,070)

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iSHARES® TRUST

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iShares ETF Core MSCI EAFE Investments: Assets: Common Stocks Investment Companies Preferred Stocks Rights Warrants Money Market Funds Total Derivative Financial Instruments:a Assets: Futures Contracts Total

Core MSCI Europe Investments: Assets: Common Stocks Preferred Stocks Rights Money Market Funds Total Core MSCI Pacific Investments: Assets: Common Stocks Investment Companies Warrants Money Market Funds Total Core MSCI Total International Stock Investments: Assets: Common Stocks Investment Companies Preferred Stocks Rights Warrants Money Market Funds Total

378

Level 1

Level 2

$11,264,924,032 2,164,133 60,390,343 38,409 20,764 192,037,483 $11,519,575,164

$1,263,163 — — — — — $1,263,163

$

$ $

1,913,303 1,913,303

$ $

$

937,188,378 7,807,835 6,728 9,353,986 954,356,927

$

649,901,510 340,160 4,286 8,475,380 658,721,336

$

$

$

$ 2,018,955,426 8,435,153 21,070,991 2,285 2,820 39,006,266 $ 2,087,472,941

Level 3

Total

$

30 — — — — — 30

$11,266,187,225 2,164,133 60,390,343 38,409 20,764 192,037,483 $11,520,838,357

— —

$ $

— —

$ $

1,913,303 1,913,303

49,998 — — — $ 49,998$1

$

1 — — —

$

937,238,377 7,807,835 6,728 9,353,986 954,406,926

$

$

$

— — — — —

$1,105,735 — — 30,093 — — $1,135,828

$

$

6 — — — 6

$51,485 — — — — — $51,485

$

$

649,901,516 340,160 4,286 8,475,380 658,721,342

$ 2,020,112,646 8,435,153 21,070,991 32,378 2,820 39,006,266 $ 2,088,660,254

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iSHARES® TRUST

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iShares ETF Derivative Financial Instruments:a Assets: Futures Contracts Total Currency Hedged MSCI ACWI Investments: Assets: Exchange-Traded Funds Money Market Funds Total Derivative Financial Instruments:a Assets: Forward Currency Contracts Liabilities: Forward Currency Contracts Total

Currency Hedged MSCI ACWI ex U.S. Investments: Assets: Exchange-Traded Funds Money Market Funds Total Derivative Financial Instruments:a Assets: Forward Currency Contracts Liabilities: Forward Currency Contracts Total

Currency Hedged MSCI EAFE Investments: Assets: Exchange-Traded Funds Money Market Funds Total Derivative Financial Instruments:a Assets: Forward Currency Contracts Liabilities: Forward Currency Contracts Total

Level 1

Level 2

Level 3

Total

$ $

509,007 509,007

$ $

— —

$ $

— —

$ $

509,007 509,007

$

$

$

— — —

$

$

— — —

$

$

2,309,895 1,202 2,311,097

$

2,309,895 1,202 2,311,097

$

—

$

9,786

$

—

$

9,786

$

— —

$

(28,693) (18,907)

$

— —

$

(28,693) (18,907)

$

$

$

2,166,732 950 2,167,682

$

$

— — —

$

$

$

$

— — —

$

2,166,732 950 2,167,682

—

$

19,796

$

—

$

19,796

— —

$

(57,586) (37,790)

$

— —

$

(57,586) (37,790)

$3,783,078,513 151,991,805 $3,935,070,318

$3,783,078,513 151,991,805 $3,935,070,318

$

— — —

$ $

— — —

$

—

$ 44,290,109

$

—

$

44,290,109

$

— —

(115,543,696) $ (71,253,587)

$

— —

$

(115,543,696) (71,253,587)

$

379

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iSHARES® TRUST

For personal use only

iShares ETF Currency Hedged MSCI EAFE Small-Cap Investments: Assets: Exchange-Traded Funds Money Market Funds Total Derivative Financial Instruments:a Assets: Forward Currency Contracts Liabilities: Forward Currency Contracts Total

Currency Hedged MSCI Europe Small-Cap Investments: Assets: Exchange-Traded Funds Total Derivative Financial Instruments:a Assets: Forward Currency Contracts Liabilities: Forward Currency Contracts Total

Level 1

Level 2

$ 8,238,715 4,238 $ 8,242,953

$

— — —

$

$

—

$

— —

Total

$

— — —

$ 8,238,715 4,238 $ 8,242,953

$ 98,979

$

—

$

98,979

(293,098) $(194,119)

$

— —

$

(293,098) (194,119)

$ 2,487,227 $ 2,487,227

$ $

— —

$ $

— —

$ 2,487,227 $ 2,487,227

$

—

$ 20,254

$

—

$

20,254

$

— —

(48,104) $ (27,850)

$

— —

$

(48,104) (27,850)

— — — —

$

— — — —

$12,607,536 41,088 63,693 $12,712,317

555 — — 555

$

— — — —

$15,192,243 39,039 25,410 $15,256,692

120 — — 120

$

— — — —

$ 4,801,195 29,195 39,539 $ 4,869,929

$

Edge MSCI Intl Momentum Factor Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$12,607,536 41,088 63,693 $12,712,317

$

Edge MSCI Intl Quality Factor Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$15,191,688 39,039 25,410 $15,256,137

$

Edge MSCI Intl Size Factor Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$ 4,801,075 29,195 39,539 $ 4,869,809

$

380

Level 3

$

$

$

$

$

$

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iShares ETF Edge MSCI Intl Value Factor Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total Edge MSCI Min Vol Asia ex Japan Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total Edge MSCI Min Vol EAFE Currency Hedged Investments: Assets: Exchange-Traded Funds Money Market Funds Total Derivative Financial Instruments:a Assets: Forward Currency Contracts Liabilities: Forward Currency Contracts Total

Edge MSCI Min Vol EAFE Investments: Assets: Common Stocks Money Market Funds Total Edge MSCI Min Vol Europe Currency Hedged Investments: Assets: Exchange-Traded Funds Money Market Funds Total Derivative Financial Instruments:a Assets: Forward Currency Contracts Liabilities: Forward Currency Contracts Total

Level 1

$

$

7,039,915 16,477 303,667 7,360,059

$ 13,874 — — $ 13,874

$

$

$

$

8,621,503 4,299 8,625,802

$

—

$ 95,646

$ $

— —

$(275,289) $(179,643)

$6,677,985,758 28,016,730 $6,706,002,488

$

$

$

$

$

$

$

Level 3

1,262 — — 1,262

$

38,266,048 470,779 201,882 38,938,709

Level 2

$

$

$

— — — —

$

0b — — 0b

$

— — —

$ $

8,621,503 4,299 8,625,802

—

$

95,646

$ $

— —

$ $

(275,289) (179,643)

— — —

$

— — —

$6,677,985,758 28,016,730 $6,706,002,488

— — —

$

— — —

$ $

2,476,518 1,227 2,477,745

—

$

21,119

— —

$ $

(46,061) (24,942)

— — —

$

2,476,518 1,227 2,477,745

$

—

$ 21,119

$ $

— —

$ (46,061) $ (24,942)

$

Total

$

$

$

$

$

$ $

$

$

38,267,310 470,779 201,882 38,939,971

7,053,789 16,477 303,667 7,373,933

381

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iShares ETF Edge MSCI Min Vol Europe Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total Edge MSCI Min Vol Japan Investments: Assets: Common Stocks Money Market Funds Total Edge MSCI Min Vol USA Investments: Assets: Common Stocks Money Market Funds Total Edge MSCI Multifactor Global Investments: Assets: Common Stocks Preferred Stocks Investment Companies Money Market Funds Total

Level 1

Level 2

Level 3

28,388,866 55,942 6,679 28,451,487

$

— — — —

$

47,155,348 15,878 47,171,226

$

— — —

$

$12,402,337,400 252,244,296 $12,654,581,696

$

— — —

$

$

4,541,478 34,838 44,649 36,242 4,657,207

$

37 — — — 37

$

58,226,547 135,841 271,874 58,634,262

$

— — — —

$

4,836,394 39,457 108,376 4,984,227

$

— — — —

$

$

$

$ $

$

Edge MSCI Multifactor Intl Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$

Edge MSCI Multifactor Intl Small-Cap Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$

382

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Total

— — — —

$

— — —

$

— — —

$12,402,337,400 252,244,296 $12,654,581,696

0b — — — 0b

$

— — — —

$

0b — — 0b

$

$

$

$

$

$

28,388,866 55,942 6,679 28,451,487

47,155,348 15,878 47,171,226

4,541,515 34,838 44,649 36,242 4,657,244

58,226,547 135,841 271,874 58,634,262

4,836,394 39,457 108,376 4,984,227

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iSHARES® TRUST iShares ETF Edge MSCI Multifactor USA Investments: Assets: Common Stocks Money Market Funds Total

Level 3

84,359,453 355,190 84,714,643

$

— — —

$

7,325,301 831,384 8,156,685

$

941 — 941

$

Edge MSCI USA Momentum Factor Investments: Assets: Common Stocks Money Market Funds Total

$1,243,895,442 3,106,390 $1,247,001,832

$

— — —

$

Edge MSCI USA Quality Factor Investments: Assets: Common Stocks Money Market Funds Total

$2,409,085,162 7,635,505 $2,416,720,667

$

— — —

$

Edge MSCI USA Size Factor Investments: Assets: Common Stocks Money Market Funds Total

$ 206,254,248 4,003,012 $ 210,257,260

$

— — —

$

Edge MSCI USA Value Factor Investments: Assets: Common Stocks Money Market Funds Total

$ 730,973,753 3,270,847 $ 734,244,600

$

— — —

$

Exponential Technologies Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$ 693,953,575 2,934,131 57,594,531 $ 754,482,237

$

— — — —

$

For personal use only

Level 2

Edge MSCI Multifactor USA Small-Cap Investments: Assets: Common Stocks Money Market Funds Total

Level 1

$ $

$ $

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Total

— — —

$

— — —

$

— — —

$1,243,895,442 3,106,390 $1,247,001,832

— — —

$2,409,085,162 7,635,505 $2,416,720,667

— — —

$ 206,254,248 4,003,012 $ 210,257,260

— — —

$ 730,973,753 3,270,847 $ 734,244,600

— — — —

$ 693,953,575 2,934,131 57,594,531 $ 754,482,237

$

$

84,359,453 355,190 84,714,643

7,326,242 831,384 8,157,626

383

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iShares ETF Morningstar Multi-Asset Income Investments: Assets: Investment Companies Money Market Funds Total

Level 1

$ $

224,429,359 34,620,848 259,050,207

Level 2

$ $

Level 3

— — —

$ $

MSCI ACWI Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$ 5,509,817,267 28,117,372 118,421,816 $ 5,656,356,455

$1,284,440 — — $1,284,440

$

MSCI ACWI ex U.S. Investments: Assets: Common Stocks Preferred Stocks Rights Money Market Funds Total

$ 1,881,441,869 21,447,371 — 35,387,517 $ 1,938,276,757

$1,199,832 — 29,960 — $1,229,792

$

$

$

36,979 — — 36,979

$

MSCI ACWI Low Carbon Target Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$

225,903,744 1,762,272 4,458,278 232,124,294

$

$

$

$

MSCI All Country Asia ex Japan Investments: Assets: Common Stocks Preferred Stocks Rights Money Market Funds Total

$ 2,320,842,826 21,220,319 — 139,808,749 $ 2,481,871,894

$5,167,397 — 108,702 — $5,276,099

$

MSCI EAFE Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$59,124,097,833 343,310,273 379,103,827 $59,846,511,933

$2,320,921 — — $2,320,921

$

384

$

$

Total

— — —

$

0b — — 0b

$ 5,511,101,707 28,117,372 118,421,816 $ 5,657,640,895

239 — — — 239

$ 1,882,641,940 21,447,371 29,960 35,387,517 $ 1,939,506,788

$

224,429,359 34,620,848 259,050,207

— — — —

$

12 — — — 12

$ 2,326,010,235 21,220,319 108,702 139,808,749 $ 2,487,148,005

72 — — 72

$59,126,418,826 343,310,273 379,103,827 $59,848,832,926

$

225,940,723 1,762,272 4,458,278 232,161,273

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iShares ETF Derivative Financial Instruments:a Assets: Futures Contracts Liabilities: Futures Contracts Total

Level 1

Level 2

Level 3

$

6,182,677

$

—

$

—

$

6,182,677

$

(821,432) 5,361,245

$

— —

$

— —

$

(821,432) 5,361,245

— — — —

$2,347,244,863 8,863,068 17,455,114 $2,373,563,045

175 — — 1 — — 176

$5,476,203,347 7,111,804 15,548,959 91,141 64,569 409,730,364 $5,908,750,184

6 — — 6

$2,700,800,838 21,347,308 28,851,355 $2,750,999,501

0b — — 0b

$ 237,829,455 358,187 313,869 $ 238,501,511

MSCI EAFE Growth Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$2,347,137,648 8,863,068 17,455,114 $2,373,455,830

$107,215 — — $107,215

$

MSCI EAFE Small-Cap Investments: Assets: Common Stocks Investment Companies Preferred Stocks Rights Warrants Money Market Funds Total

$5,475,858,110 7,111,804 15,548,959 91,140 64,569 409,730,364 $5,908,404,946

$345,062 — — — — — $345,062

$

MSCI EAFE Value Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$2,700,714,276 21,347,308 28,851,355 $2,750,912,939

$ 86,556 — — $ 86,556

$

MSCI Europe Financials Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total

$ 237,788,597 358,187 313,869 $ 238,460,653

$ 40,858 — — $ 40,858

$

$

$ 33,959 — — — — $ 33,959

$

MSCI Europe Small-Cap Investments: Assets: Common Stocks Preferred Stocks Rights Warrants Money Market Funds Total

Total

$

61,004,861 385,439 2,736 3 5,633,770 67,026,809

$

$

$

$

$

241 — — — — 241

$

$

61,039,061 385,439 2,736 3 5,633,770 67,061,009

385

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iShares ETF MSCI Kokusai Investments: Assets: Common Stocks Preferred Stocks Money Market Funds Total a b

Level 1

Level 2

Level 3

Total

$272,005,501 659,870 6,025,570 $278,690,941

$ 4,351 — — $ 4,351

$

0b — — 0b

$272,009,852 659,870 6,025,570 $278,695,292

$

Shown at the unrealized appreciation (depreciation) on the contracts. Rounds to less than $1.

The iShares China Large-Cap ETF had transfers from Level 1 to Level 2 during the period ended April 31, 2016 in the amount of $32,825,561 due to a suspension of trading.

FOREIGN CURRENCY TRANSLATION

The accounting records of the Fund are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates deemed appropriate by the investment adviser. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars on the respective dates of such transactions.

FEDERAL INCOME TAXES As of April 30, 2016, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

iShares ETF Adaptive Currency Hedged MSCI EAFE China Large-Cap Core Aggressive Allocation Core Conservative Allocation Core Growth Allocation Core Moderate Allocation Core MSCI EAFE Core MSCI Europe Core MSCI Pacific Core MSCI Total International Stock Currency Hedged MSCI ACWI Currency Hedged MSCI ACWI ex U.S. Currency Hedged MSCI EAFE Currency Hedged MSCI EAFE Small-Cap Currency Hedged MSCI Europe Small-Cap Edge MSCI Intl Momentum Factor

386

Tax Cost $ 2,359,159 5,470,821,095 420,126,591 259,587,593 723,739,978 476,838,254 12,026,097,047 1,029,021,024 686,570,854 2,198,829,644 2,410,291 2,355,035 4,183,493,509 8,062,078 2,491,951 12,093,577

Gross Unrealized Appreciation $ 28,991 301,736,171 6,005,280 3,877,705 2,324,127 2,372,517 500,148,628 28,888,842 41,148,363 115,472,287 — — — 180,875 — 970,320

Gross Unrealized Depreciation $ — (1,263,984,766) (9,159,745) (2,527,364) (10,540,585) (4,840,838) (1,005,407,318) (103,502,940) (68,997,875) (225,641,677) (99,194) (187,353) (248,423,191) — (4,724) (351,580)

Net Unrealized Appreciation (Depreciation) $ 28,991 (962,248,595) (3,154,465) 1,350,341 (8,216,458) (2,468,321) (505,258,690) (74,614,098) (27,849,512) (110,169,390) (99,194) (187,353) (248,423,191) 180,875 (4,724) 618,740

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iSHARES® TRUST

iShares ETF Edge MSCI Intl Quality Factor Edge MSCI Intl Size Factor Edge MSCI Intl Value Factor Edge MSCI Min Vol Asia ex Japan Edge MSCI Min Vol EAFE Currency Hedged Edge MSCI Min Vol EAFE Edge MSCI Min Vol Europe Currency Hedged Edge MSCI Min Vol Europe Edge MSCI Min Vol Japan Edge MSCI Min Vol USA Edge MSCI Multifactor Global Edge MSCI Multifactor Intl Edge MSCI Multifactor Intl Small-Cap Edge MSCI Multifactor USA Edge MSCI Multifactor USA Small-Cap Edge MSCI USA Momentum Factor Edge MSCI USA Quality Factor Edge MSCI USA Size Factor Edge MSCI USA Value Factor Exponential Technologies Morningstar Multi-Asset Income MSCI ACWI MSCI ACWI ex U.S. MSCI ACWI Low Carbon Target MSCI All Country Asia ex Japan MSCI EAFE MSCI EAFE Growth MSCI EAFE Small-Cap MSCI EAFE Value MSCI Europe Financials MSCI Europe Small-Cap MSCI Kokusai

Tax Cost 14,778,840 5,028,285 36,444,686 7,819,552

Gross Unrealized Appreciation $ 819,084 261,554 3,253,835 225,698

8,244,846 6,418,770,202

380,956 468,387,629

— (181,155,343)

2,511,323 29,395,375 45,406,391 11,904,476,084 4,819,603 59,576,841 5,039,691 84,540,847 7,999,139 1,199,334,374 2,335,901,621 198,862,446 741,089,043 784,221,025 269,436,595 5,792,002,448 2,230,920,927 237,494,854 2,649,689,727 62,536,579,015 2,096,099,682 5,619,674,704 3,128,001,701 324,599,044 68,194,277 248,588,683

— 659,058 2,877,493 897,329,156 188,495 2,120,481 425,411 3,581,572 436,856 79,164,507 145,838,269 21,312,981 33,143,657 37,912,588 2,136,652 547,485,653 76,093,970 14,202,602 283,315,529 8,403,388,230 370,438,895 802,014,801 154,535,202 1,989,939 6,070,143 62,954,124

(33,578) (1,602,946) (1,112,658) (147,223,544) (350,854) (3,063,060) (480,875) (3,407,776) (278,369) (31,497,049) (65,019,222) (9,918,167) (39,988,100) (67,651,376) (12,523,041) (681,847,206) (367,508,109) (19,536,183) (445,857,251) (11,091,134,319) (92,975,532) (512,939,321) (531,537,402) (88,087,472) (7,203,411) (32,847,515)

$

$

Gross Unrealized Depreciation (341,232) (419,910) (758,550) (671,317)

Net Unrealized Appreciation (Depreciation) $ 477,852 (158,356) 2,495,285 (445,619) 380,956 287,232,286 (33,578) (943,888) 1,764,835 750,105,612 (162,359) (942,579) (55,464) 173,796 158,487 47,667,458 80,819,047 11,394,814 (6,844,443) (29,738,788) (10,386,389) (134,361,553) (291,414,139) (5,333,581) (162,541,722) (2,687,746,089) 277,463,363 289,075,480 (377,002,200) (86,097,533) (1,133,268) 30,106,609

LOANS OF PORTFOLIO SECURITIES

Each Fund may lend its investment securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by a bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Funds. Any additional required collateral is delivered to the Funds and any excess collateral is returned by the Funds on the next business

387

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day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions. Any cash received as collateral for securities on loan may be reinvested in certain short-term instruments either directly on behalf of a fund or through one or more joint accounts or money market funds, including those managed by BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, or its affiliates. As of April 30, 2016, any securities on loan were collateralized by cash. The cash collateral received was invested in money market funds managed by BFA and is disclosed in the schedules of investments. On July 23, 2014, the U.S. Securities and Exchange Commission adopted amendments to Rule 2a-7 under the 1940 Act, which governs the operations of U.S. money market funds. When implemented in October 2016, the change may affect the Funds with regard to the reinvestment of cash collateral received for securities on loan. Each Fund continues to evaluate its reinvestment strategy in light of the new regulations.

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, the Funds benefit from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of securities lent. Each Fund could suffer a loss if the value of the investments purchased with cash collateral falls below the value of the cash collateral received.

2.

TRANSACTIONS WITH AFFILIATES

Each Fund may invest its positive cash balances in certain money market funds managed by BFA, the Funds’ investment adviser, or an affiliate. BFA is a California corporation indirectly owned by BlackRock. The PNC Financial Services Group, Inc. is the largest stockholder of BlackRock and is considered to be an affiliate of the Fund for 1940 Act purposes. The iShares Core Allocation ETFs and iShares Morningstar Multi-Asset Income ETF are funds of funds that invest primarily in affiliated iShares funds. Certain Funds currently seek to achieve their investment objectives by investing a substantial portion of their assets in an affiliated iShares fund. Certain Funds, in order to improve their portfolio liquidity and their ability to track their respective underlying index, may invest in shares of other iShares funds that invest in securities in each Fund’s respective underlying index.

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iSHARES® TRUST

For personal use only

Investments in issuers considered to be affiliates of the Funds (excluding money market funds) during the nine months ended April 30, 2016, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:

iShares ETF and Name of Affiliated Issuer Adaptive Currency Hedged MSCI EAFE iShares MSCI EAFE ETF

Shares Held at Beginning of Period

Shares Purchased

Shares Sold

—

42,218

(1,360)

Core Aggressive Allocation iShares Core International Aggregate Bond ETF iShares Core MSCI Emerging Markets ETF iShares Core MSCI Europe ETF iShares Core MSCI Pacific ETF iShares Core S&P 500 ETF iShares Core S&P Mid-Cap ETF iShares Core S&P Small-Cap ETF iShares Core Total USD Bond Market ETF iShares Core U.S. Credit Bond ETF iShares Core U.S. Treasury Bond ETF

— 616,187 1,586,618 920,494 654,087 81,551 43,607 428,449 108,692 655,051

240,875 371,455 795,738 509,205 336,133 42,093 23,260 218,833 65,352 352,359

(12,479) (214,026) (589,217) (337,561) (226,753) (29,978) (16,231) (254,817) (67,070) (405,360)

Core Conservative Allocation iShares Core International Aggregate Bond ETF iShares Core MSCI Emerging Markets ETF iShares Core MSCI Europe ETF

— 154,547 397,954

528,389 80,614 169,744

(12,808) (48,051) (133,994)

Shares Held at End of Period 40,858 $

Value at End of Period 2,387,333 $

Dividend Income

Net Realized Gain (Loss)

— $

(486)

228,396 $ 11,773,814 $ 25,108 $ (970) 773,616 32,429,982 451,864 (721,872) 1,793,139 76,029,094 575,764 (1,837,193) 1,092,138 51,013,766 753,784 (998,065) 763,467 158,320,152 2,874,399 10,684,606 93,666 13,659,313 174,923 (64,397) 50,636 5,768,453 68,875 (70,491) 392,465 40,143,283 659,016 (344,530) 106,974 11,915,834 320,544 (248,884) 602,050 15,478,705 179,332 18,595 $416,532,396 $6,083,609 $ 6,416,799 515,581 $ 26,578,200 $ 52,710 $ 187,110 7,843,651 88,904 433,704 18,389,050 113,274

8,196 (178,235) (265,766)

389

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iSHARES® TRUST

For personal use only

iShares ETF and Name of Affiliated Issuer iShares Core MSCI Pacific ETF iShares Core S&P 500 ETF iShares Core S&P Mid-Cap ETF iShares Core S&P Small-Cap ETF iShares Core Total USD Bond Market ETF iShares Core U.S. Credit Bond ETF iShares Core U.S. Treasury Bond ETF Core Growth Allocation iShares Core International Aggregate Bond ETF iShares Core MSCI Emerging Markets ETF iShares Core MSCI Europe ETF iShares Core MSCI Pacific ETF iShares Core S&P 500 ETF iShares Core S&P Mid-Cap ETF iShares Core S&P Small-Cap ETF iShares Core Total USD Bond Market ETF iShares Core U.S. Credit Bond ETF iShares Core U.S. Treasury Bond ETF

390

Shares Held at Beginning Shares of Period Purchased 230,876 109,654 164,063 69,062 20,447 8,227 10,941 4,570 1,002,986 345,528 254,421 106,295 1,533,460 555,103

Shares Sold (76,374) (48,467) (6,004) (3,251) (462,553) (119,229) (729,474)

Net Shares Held Value at Realized at End End Dividend of Period of Period Income Gain (Loss) 264,156 $ 12,338,727 $ 148,292 $ (190,394) 184,658 38,292,530 612,665 2,730,354 22,670 3,305,966 37,167 195,076 12,260 1,396,659 14,677 2,035 885,961 90,620,521 1,389,506 (565,207) 241,487 26,899,237 662,098 (388,938) 1,359,089 34,942,178 372,617 13,690 $260,606,719 $3,491,910 $ 1,360,811

—

937,359

(145,515)

791,844 $ 40,819,558 $

567,643 1,461,595 847,970 602,544 75,123 40,177

997,146 2,293,756 1,405,831 969,165 118,553 64,542

(558,212) (1,422,139) (832,758) (578,278) (71,799) (38,784)

1,006,577 2,333,212 1,421,043 993,431 121,877 65,935

1,052,485 266,983 1,609,155

1,645,228 457,477 2,587,555

(1,335,573) (353,177) (2,107,126)

1,362,140 371,283 2,089,584

42,195,708 98,928,189 66,376,918 206,007,787 17,773,323 7,511,315

— $

646,798 824,338 1,079,134 2,598,908 161,110 61,526

7,420 (1,210,467) (3,505,249) (1,979,650) 8,284,327 (478,702) (214,255)

139,326,490 1,149,951 (1,081,093) 41,357,213 682,654 (874,113) 53,723,205 369,446 310,027 $714,019,706 $7,573,865 $ (749,175)

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iSHARES® TRUST

For personal use only

Shares Held iShares ETF and at Beginning Name of Affiliated Issuer of Period Core Moderate Allocation iShares Core International Aggregate Bond ETF — iShares Core MSCI Emerging Markets ETF 303,167 iShares Core MSCI Europe ETF 780,602 iShares Core MSCI Pacific ETF 452,873 iShares Core S&P 500 ETF 321,807 iShares Core S&P Mid-Cap ETF 40,128 iShares Core S&P Small-Cap ETF 21,466 iShares Core Total USD Bond Market ETF 1,264,720 iShares Core U.S. Credit Bond ETF 320,823 iShares Core U.S. Treasury Bond ETF 1,933,646 Core MSCI Total International Stock iShares MSCI Russia Capped ETF

Shares Purchased

Shares Sold

Shares Held at End of Period

830,527

(32,267)

316,400 711,549 441,735 298,088 36,262 19,857

(168,926) (447,632) (258,426) (175,168) (21,786) (11,780)

450,641 1,044,519 636,182 444,727 54,604 29,543

1,086,563 310,887 1,721,600

(979,597) (257,826) (1,551,047)

1,371,686 373,884 2,104,199

Value at End of Period

798,260 $

41,150,303 $ 18,890,871 44,287,605 29,716,061 92,223,038 7,962,901 3,365,539

Dividend Income

Net Realized Gain (Loss)

— $ 646,798 824,338 1,079,134 2,598,908 161,110 61,526

(4,445) (607,500) (1,328,814) (807,265) 7,727,742 290,693 (58,047)

140,302,903 1,149,951 (936,683) 41,646,939 682,654 (700,725) 54,098,956 369,446 138,297 $ 473,645,116 $ 7,573,865 $ 3,717,698

547,776

82,224

(50,000)

580,000 $

8,154,800 $

206,601 $

(670,476)

Currency Hedged MSCI ACWI iShares MSCI ACWI ETF

41,643

1,113

(2,096)

40,660 $

2,309,895 $

29,527 $

(6,473)

Currency Hedged MSCI ACWI ex U.S. iShares MSCI ACWI ex U.S. ETF

56,492

2,535

(5,501)

53,526 $

2,166,732 $

17,285 $

(23,268)

44,886,565

30,993,461

(11,134,544)

Currency Hedged MSCI EAFE iShares MSCI EAFE ETF

64,745,482 $3,783,078,513 $28,905,666 $(39,569,393)

391

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iSHARES® TRUST

For personal use only

iShares ETF and Name of Affiliated Issuer Currency Hedged MSCI EAFE Small-Cap iShares MSCI EAFE Small Cap Index ETF

Shares Held at Beginning of Period

Shares Purchased

Shares Sold

Shares Held at End of Period

Value at End of Period

Dividend Income

Net Realized Gain (Loss)

49,051

205,681

(91,233)

Currency Hedged MSCI Europe Small-Cap iShares MSCI Europe Small-Cap ETF

—

58,064

(3,627)

54,437 $ 2,487,227 $ 23,128 $

(3,165)

Edge MSCI Min Vol EAFE Currency Hedged iShares Edge MSCI Min Vol EAFE ETF

—

136,216

(7,958)

128,258 $ 8,621,503 $ 38,599 $

(2,196)

Edge MSCI Min Vol Europe Currency Hedged iShares Edge MSCI Min Vol Europe ETF

—

110,197

(6,577)

103,620 $ 2,476,518 $ 14,993 $

(4,386)

875

880

(105)

Edge MSCI Multifactor Global iShares MSCI India ETF Edge MSCI USA Quality Factor BlackRock Inc.

—

87,120

(11,812)

Edge MSCI USA Size Factor BlackRock Inc. PNC Financial Services Group Inc. (The)

1,073 5,662

130 1,463

(319) (1,696)

Edge MSCI USA Value Factor BlackRock Inc. PNC Financial Services Group Inc. (The)

3,468 37,772

680 16,342

(4,148) (14,505)

392

163,499 $ 8,238,715 $ 84,545 $ (121,428)

1,650 $

44,649 $

330 $

75,308 $26,834,500 $265,165 $ 884 $ 5,429 $

314,996 $ 6,326 $ 476,558 7,820 791,554 $ 14,146 $

(298) 278,800 10,655 23,900 34,555

— $ — $ 9,043 $ (102,686) 39,609 3,476,878 58,651 54,254 $ 3,476,878 $ 67,694 $ (48,432)

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iSHARES® TRUST

For personal use only

iShares ETF and Name of Affiliated Issuer Exponential Technologies BlackRock Inc.

Shares Held at Beginning of Period

Shares Purchased

9,568

1,509

(709)

453,401 110,942 340,664

36,580 95 218,442

598,387 588,438

Shares Sold

Shares Held at End of Period

Value at End of Period

(10,474)

(113,717) (111,037) (418,829)

376,264 $ 22,718,820 $ 771,325 $ — — 29,669 140,277 11,060,841 766,064

(408,372) 298,896 71,366

47,684 69,878

(383,645) (118,765)

262,426 539,551

11,575,611 45,241,351

— 1,983,474

(3,393,759) (738,952)

340,136 — 775,816

24,246 214,130 801,712

(86,384) (18,317) (433,526)

277,998 195,813 1,144,002

33,451,500 21,568,802 34,159,900

894,119 234,607 723,014

(374,116) (3,738) (2,440,964)

3,443,062 335,098

449,801 329,218

(1,579,028) (105,165)

2,313,835 559,151

MSCI ACWI BlackRock Inc. PNC Financial Services Group Inc. (The)

15,934 106,548

783 5,292

(2,378) (16,072)

MSCI ACWI Low Carbon Target BlackRock Inc. PNC Financial Services Group Inc. (The)

900 3,825

80 340

— —

3,694,429 $

Net Realized Gain (Loss)

64,952 $

Morningstar Multi-Asset Income iShares 10+ Year Credit Bond ETF iShares 20+ Year Treasury Bond ETF iShares Core High Dividend ETF iShares Emerging Markets Local Currency Bond ETF iShares iBoxx $ High Yield Corporate Bond ETF iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Intermediate Credit Bond ETF iShares International Select Dividend ETF iShares Mortgage Real Estate Capped ETF iShares U.S. Preferred Stock ETF

10,368 $

Dividend Income

22,744,998 2,191,509 (5,752,196) 21,907,536 816,750 (125,808) $224,429,359 $8,410,531 $(12,867,643)

14,339 $ 5,109,416 $ 102,704 $ 95,768 8,406,515 157,221 $ 13,515,931 $ 259,925 $ 980 $ 4,165 $

349,203 $ 365,604 714,807 $

6,166 $ 6,112 12,278 $

271,881 366,202 638,083 — — —

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iSHARES® TRUST

For personal use only

iShares ETF and Name of Affiliated Issuer MSCI Kokusai BlackRock Inc. PNC Financial Services Group Inc. (The)

3.

Shares Held at Beginning of Period

Shares Purchased

1,373 5,911

259 364

Shares Sold (462) (1,595)

Shares Held at End of Period

Value at End of Period

Dividend Income

Net Realized Gain (Loss)

1,170 $416,906 $ 8,552 $ 4,680 410,810 7,690 $827,716 $ 16,242 $

31,370 34,847 66,217

FUTURES CONTRACTS

Each Fund may purchase or sell futures contracts in an effort to help the Fund track its underlying index. A futures contract is a standardized, exchange-traded agreement to buy or sell a financial instrument at a set price on a future date. Upon entering into a futures contract, the Fund is required to pledge to the executing broker which holds segregated from its own assets, an amount of cash, U.S. government securities or other highquality debt and equity securities equal to the minimum initial margin requirements of the exchange on which the contract is traded. Losses may arise if the value of a futures contract decreases due to an unfavorable change in the market rates or values of the underlying instrument during the term of the contract or if the counterparty does not perform under the contract. The use of futures contracts also involves the risk of an imperfect correlation in the movements in the price of futures contracts and the assets underlying such contracts.

4.

FORWARD CURRENCY CONTRACTS

Each Fund may enter into forward currency contracts for the purpose of hedging against the effects of foreign currencies on the value of the Fund’s assets that are denominated in a non-U.S. currency. A forward currency contract is an obligation to purchase or sell a currency against another currency at a specified future date at an agreed upon price and quantity. Forward currency contracts are traded over-the-counter and not on an organized exchange. The contract is marked-to-market daily and the change in market value is recorded as unrealized appreciation or depreciation. When the contract is closed, a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed is recorded. Losses may arise if there are unfavorable movements in the value of a foreign currency relative to the U.S. dollar or if the counterparties do not meet the terms of the agreement. The Fund’s use of forward currency contracts also involves the risks of imperfect correlation between the value of its currency positions and its other investments or the Fund failing to close out its position due to an illiquid market.

394

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Item 2. Controls and Procedures.

For personal use only

(a)

The President (the Registrant’s Principal Executive Officer) and Chief Financial Officer (the Registrant’s Principal Financial Officer) have concluded that, based on their evaluation as of a date within 90 days of the filing date of this report, the disclosure controls and procedures of the Registrant (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are reasonably designed to achieve the purposes described in Section 4(a) of the certifications filed with this Form N-Q.

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

Item 3. Exhibits. (a)

Certifications of the President (the Registrant’s Principal Executive Officer) and Chief Financial Officer (the Registrant’s Principal Financial Officer) as required by Rule 30a-2(a) under the Investment Company Act of 1940 are filed with this Form N-Q as exhibits.

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SIGNATURES

For personal use only

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. iShares Trust By: /s/ Manish Mehta Manish Mehta, President (Principal Executive Officer) Date: June 29, 2016

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

By: /s/ Manish Mehta Manish Mehta, President (Principal Executive Officer) Date: June 29, 2016

By: /s/ Jack Gee Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer) Date: June 29, 2016

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EX-99.CERT Form N-Q Exhibit for Item 3(a) I, Manish Mehta, certify that: I have reviewed this report on Form N-Q for the following forty-eight series of iShares Trust: iShares Adaptive Currency Hedged MSCI EAFE ETF, iShares China Large-Cap ETF, iShares Core Aggressive Allocation ETF, iShares Core Conservative Allocation ETF, iShares Core Growth Allocation ETF, iShares Core Moderate Allocation ETF, iShares Core MSCI EAFE ETF, iShares Core MSCI Europe ETF, iShares Core MSCI Pacific ETF, iShares Core MSCI Total International Stock ETF, iShares Currency Hedged MSCI ACWI ETF, iShares Currency Hedged MSCI ACWI ex U.S. ETF, iShares Currency Hedged MSCI EAFE ETF, iShares Currency Hedged MSCI EAFE Small-Cap ETF, iShares Currency Hedged MSCI Europe Small-Cap ETF, iShares Edge MSCI Intl Momentum Factor ETF, iShares Edge MSCI Intl Quality Factor ETF, iShares Edge MSCI Intl Size Factor ETF, iShares Edge MSCI Intl Value Factor ETF, iShares Edge MSCI Min Vol Asia ex Japan ETF, iShares Edge MSCI Min Vol EAFE Currency Hedged ETF, iShares Edge MSCI Min Vol EAFE ETF, iShares Edge MSCI Min Vol Europe Currency Hedged ETF, iShares Edge MSCI Min Vol Europe ETF, iShares Edge MSCI Min Vol Japan ETF, iShares Edge MSCI Min Vol USA ETF, iShares Edge MSCI Mulitfactor USA ETF, iShares Edge MSCI Multifactor Global ETF, iShares Edge MSCI Multifactor Intl ETF, iShares Edge MSCI Multifactor Intl Small-Cap ETF, iShares Edge MSCI Multifactor USA SmallCap ETF, iShares Edge MSCI USA Momentum Factor ETF, iShares Edge MSCI USA Quality Factor ETF, iShares Edge MSCI USA Size Factor ETF, iShares Edge MSCI USA Value Factor ETF, iShares Exponential Technologies ETF, iShares Morningstar Multi-Asset Income ETF, iShares MSCI ACWI ETF, iShares MSCI ACWI ex U.S. ETF, iShares MSCI ACWI Low Carbon Target ETF, iShares MSCI All Country Asia ex Japan ETF, iShares MSCI EAFE ETF, iShares MSCI EAFE Growth ETF, iShares MSCI EAFE Small-Cap ETF, iShares MSCI EAFE Value ETF, iShares MSCI Europe Financials ETF, iShares MSCI Europe Small-Cap ETF and iShares MSCI Kokusai ETF;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4.

The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

For personal use only

1.

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5.

The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s Board of Trustees (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: June 29, 2016

/s/ Manish Mehta Manish Mehta [Signature]

President (Principal Executive Officer) [Title]

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EX-99.CERT Form N-Q Exhibit for Item 3(a) I, Jack Gee, certify that: I have reviewed this report on Form N-Q for the following forty-eight series of iShares Trust: iShares Adaptive Currency Hedged MSCI EAFE ETF, iShares China Large-Cap ETF, iShares Core Aggressive Allocation ETF, iShares Core Conservative Allocation ETF, iShares Core Growth Allocation ETF, iShares Core Moderate Allocation ETF, iShares Core MSCI EAFE ETF, iShares Core MSCI Europe ETF, iShares Core MSCI Pacific ETF, iShares Core MSCI Total International Stock ETF, iShares Currency Hedged MSCI ACWI ETF, iShares Currency Hedged MSCI ACWI ex U.S. ETF, iShares Currency Hedged MSCI EAFE ETF, iShares Currency Hedged MSCI EAFE Small-Cap ETF, iShares Currency Hedged MSCI Europe Small-Cap ETF, iShares Edge MSCI Intl Momentum Factor ETF, iShares Edge MSCI Intl Quality Factor ETF, iShares Edge MSCI Intl Size Factor ETF, iShares Edge MSCI Intl Value Factor ETF, iShares Edge MSCI Min Vol Asia ex Japan ETF, iShares Edge MSCI Min Vol EAFE Currency Hedged ETF, iShares Edge MSCI Min Vol EAFE ETF, iShares Edge MSCI Min Vol Europe Currency Hedged ETF, iShares Edge MSCI Min Vol Europe ETF, iShares Edge MSCI Min Vol Japan ETF, iShares Edge MSCI Min Vol USA ETF, iShares Edge MSCI Mulitfactor USA ETF, iShares Edge MSCI Multifactor Global ETF, iShares Edge MSCI Multifactor Intl ETF, iShares Edge MSCI Multifactor Intl Small-Cap ETF, iShares Edge MSCI Multifactor USA SmallCap ETF, iShares Edge MSCI USA Momentum Factor ETF, iShares Edge MSCI USA Quality Factor ETF, iShares Edge MSCI USA Size Factor ETF, iShares Edge MSCI USA Value Factor ETF, iShares Exponential Technologies ETF, iShares Morningstar Multi-Asset Income ETF, iShares MSCI ACWI ETF, iShares MSCI ACWI ex U.S. ETF, iShares MSCI ACWI Low Carbon Target ETF, iShares MSCI All Country Asia ex Japan ETF, iShares MSCI EAFE ETF, iShares MSCI EAFE Growth ETF, iShares MSCI EAFE Small-Cap ETF, iShares MSCI EAFE Value ETF, iShares MSCI Europe Financials ETF, iShares MSCI Europe Small-Cap ETF and iShares MSCI Kokusai ETF;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4.

The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

For personal use only

1.

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5.

The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s Board of Trustees (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: June 29, 2016

/s/ Jack Gee Jack Gee [Signature]

Treasurer and Chief Financial Officer (Principal Financial Officer) [Title]