UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

**FORM N-Q**

**QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANY**

**_______________________________**

Investment Company Act file number  811-06071

DWS Institutional Funds

(Exact name of registrant as specified in charter)

 

345 Park Avenue

New York, NY  10154-0004

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY  10154-0004

(Name and address of agent for service)

Registrant's telephone number, including area code:  (212) 454-7190

Date of fiscal year end:  12/31

Date of reporting period: 03/31/08

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of March 31, 2008  (Unaudited)** |
|----------------------|---------------------------------------|

 

 

 

**DWS EAFE® Equity Index Fund**

 

|   | **Shares**              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | **Value ($)** |
|--------|-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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|        |
|   | **Common Stocks 96.3%** |  
**Australia 6.1%**

 
ABC Learning Centres Ltd.  

 

14,535 

 

18,681 

AGL Energy Ltd.  

 

14,941 

 

151,090 

Alumina Ltd.  

 

39,127 

 

201,000 

Amcor Ltd.  

 

28,976 

 

189,667 

AMP Ltd.  

 

61,514 

 

442,878 

Ansell Ltd.  

 

2,546 

 

27,112 

Aristocrat Leisure Ltd.  

 

11,798 

 

103,828 

Asciano Group  

 

18,776 

 

68,917 

ASX Ltd.  

 

6,107 

 

209,803 

Australia & New Zealand Banking Group Ltd.  

 

63,201 

 

1,307,901 

AXA Asia Pacific Holdings Ltd.  

 

25,507 

 

128,708 

 

 

 

 

Babcock & Brown Ltd.  

 

7,127 

 

96,717 

Bendigo Bank Ltd.  

 

6,301 

 

68,773 

BHP Billiton Ltd.  

 

111,831 

 

3,674,248 

Billabong International Ltd.  

 

3,349 

 

40,002 

BlueScope Steel Ltd.  

 

26,851 

 

244,665 

Boart Longyear Group*  

 

30,333 

 

50,913 

Boral Ltd.  

 

20,006 

 

114,743 

Brambles Ltd.  

 

46,478 

 

425,244 

Caltex Australia Ltd.  

 

3,811 

 

45,433 

CFS Retail Property Trust (REIT)  

 

1,265 

 

2,566 

CFS Retail Property Trust (Unit)  

 

49,764 

 

98,690 

Coca-Cola Amatil Ltd.  

 

19,794 

 

153,763 

Cochlear Ltd.  

 

1,919 

 

96,428 

Commonwealth Bank of Australia  

 

44,070 

 

1,691,047 

Commonwealth Property Office Fund  

 

53,396 

 

65,113 

Computershare Ltd.  

 

14,173 

 

113,748 

Crown Ltd.*  

 

16,216 

 

155,966 

CSL Ltd.  

 

19,065 

 

643,101 

CSR Ltd.  

 

31,897 

 

93,562 

Dexus Property Group  

 

84,240 

 

131,113 

Downer EDI Ltd.  

 

6,093 

 

35,094 

Fairfax Media Ltd.  

 

42,249 

 

134,391 

Fortescue Metals Group Ltd.*  

 

44,224 

 

264,780 

Foster's Group Ltd.  

 

66,132 

 

309,443 

Futuris Corp., Ltd.  

 

20,440 

 

35,472 

Goodman Fielder Ltd.  

 

5,658 

 

9,324 

Goodman Group (REIT)  

 

47,521 

 

188,267 

GPT Group (REIT)  

 

68,973 

 

207,406 

Harvey Norman Holdings Ltd.  

 

16,119 

 

57,792 

Iluka Resources Ltd.  

 

2,579 

 

10,960 

Incitec Pivot Ltd.  

 

1,454 

 

187,157 

ING Industrial Fund (REIT)  

 

36,350 

 

70,759 

Insurance Australia Group Ltd.  

 

60,702 

 

203,040 

Leighton Holdings Ltd.  

 

4,676 

 

183,796 

Lend Lease Corp., Ltd.  

 

12,613 

 

153,217 

Lion Nathan Ltd.  

 

12,132 

 

97,015 

Macquarie Airports  

 

24,810 

 

74,173 

Macquarie Communications Infrastructure Group  

 

9,299 

 

35,819 

Macquarie Group Ltd.  

 

8,894 

 

432,231 

Macquarie Infrastructure Group (Unit)  

 

87,106 

 

223,501 

Macquarie Office Trust (REIT)  

 

42,116 

 

35,026 

Mirvac Group  

 

34,399 

 

127,587 

National Australia Bank Ltd.  

 

53,776 

 

1,489,123 

Newcrest Mining Ltd.  

 

15,718 

 

480,428 

Onesteel Ltd.  

 

19,708 

 

115,350 

Orica Ltd.  

 

10,715 

 

286,101 

Origin Energy Ltd.  

 

29,336 

 

246,083 

Oxiana Ltd.  

 

37,326 

 

109,049 

Pacific Brands Ltd.  

 

8,016 

 

14,798 

Paladin Energy Ltd.*  

 

15,203 

 

71,182 

Paperlinx Ltd.  

 

8,341 

 

21,016 

Perpetual Ltd.  

 

1,300 

 

63,978 

Qantas Airways Ltd.  

 

28,624 

 

103,098 

QBE Insurance Group Ltd.  

 

29,226 

 

594,881 

Rio Tinto Ltd.  

 

9,686 

 

1,083,170 

 

 

 

 

Santos Ltd.  

 

19,079 

 

255,306 

Sims Group Ltd.  

 

3,511 

 

96,103 

Sonic Healthcare Ltd.  

 

10,815 

 

136,223 

St. George Bank Ltd.  

 

8,001 

 

188,725 

Stockland (REIT)  

 

49,061 

 

314,406 

Suncorp-Metway Ltd.  

 

30,346 

 

358,192 

TABCORP Holding Ltd.  

 

17,223 

 

222,722 

Tatts Group Ltd.  

 

31,041 

 

98,722 

Telstra Corp., Ltd.  

 

102,847 

 

414,466 

Telstra Corp., Ltd. (Installment Receipt)  

 

46,882 

 

120,799 

Toll Holdings Ltd.  

 

18,996 

 

173,952 

Transurban Group (Unit)  

 

35,540 

 

211,120 

Wesfarmers Ltd.  

 

18,200 

 

668,094

Wesfarmers Ltd. (PPS)  

 

5,865 

 

216,638 

Westfield Group (REIT)  

 

57,350 

 

936,507 

Westpac Banking Corp., Ltd.  

 

63,039 

 

1,373,813 

Woodside Petroleum Ltd.  

 

15,643 

 

778,632 

Woolworths Ltd.  

 

39,652 

 

1,053,587 

WorleyParsons Ltd.  

 

5,139 

 

157,843 

Zinifex Ltd.  

 

15,151 

 

138,840 

(Cost $13,699,782)

 

**26,524,617**

**Austria 0.6%**

 
Andritz AG  

 

1,080 

 

59,508 

BWIN Interactive Entertainment AG*  

 

560 

 

18,471 

Erste Bank der oesterreichischen Sparkassen AG  

 

6,514 

 

423,928 

Flughafen Wien AG  

 

250 

 

30,130 

Immoeast AG*  

 

13,270 

 

127,773 

Immofinanz Immobilien Anlagen AG  

 

16,045 

 

173,787 

Mayr-Melnhof Karton AG  

 

300 

 

30,324 

Oesterreichische Elektrizitaetswirtschafts AG "A"

 

2,600 

 

185,491 

OMV AG  

 

5,840 

 

385,890 

Raiffeisen International Bank-Holding AG  

 

1,760 

 

240,919 

RHI AG*  

 

560 

 

22,550 

Telekom Austria AG  

 

11,667 

 

241,438 

Vienna Insurance Group  

 

830 

 

63,604 

voestalpine AG  

 

3,800 

 

264,819 

Wienerberger AG  

 

2,560 

 

136,695 

(Cost $1,473,093)

 

**2,405,327**

**Belgium 1.3%**

 
Agfa Gevaert NV  

 

2,856 

 

22,375 

Barco NV  

 

214 

 

15,347 

Bekaert NV  

 

224 

 

32,591 

Belgacom SA  

 

5,610 

 

248,393 

Cofinimmo  

 

119 

 

25,757 

Colruyt SA  

 

515 

 

132,973 

Compagnie Maritime Belge SA  

 

570 

 

38,426 

Compagnie Nationale a Portefeuille  

 

339 

 

25,819 

Delhaize Group  

 

3,167 

 

249,004 

Dexia SA  

 

17,207 

 

490,223 

Euronav SA  

 

830 

 

31,580 

Fortis  

 

72,952 

 

1,834,174 

Fortis (VVPR Strip)*  

 

27,966 

 

442 

Groupe Bruxelles Lambert SA  

 

2,816 

 

343,562 

InBev NV  

 

6,382 

 

562,676 

 

 

 

 

KBC Ancora  

 

267 

 

27,462 

KBC Groep NV  

 

5,690 

 

737,726 

Mobistar SA  

 

744 

 

67,414 

Omega Pharma SA  

 

424 

 

19,652 

SA D'Ieteren NV  

 

90 

 

32,041 

Solvay SA  

 

2,149 

 

274,834 

UCB SA  

 

3,721 

 

129,473 

Umicore  

 

4,195 

 

218,821 

(Cost $3,715,262)

 

**5,560,765**

**Bermuda 0.1%**

 
Frontline Ltd.  

 

900 

 

41,198 

Seadrill Ltd.  

 

8,600 

 

231,527 

(Cost $138,997)

 

**272,725**

**China 0.1%**

 
Fosun International*  

 

35,000 

 

23,591 

Shui On Land Ltd.  

 

41,000 

 

38,825 

Tencent Holdings Ltd.  

 

32,000 

 

181,751 

Tingyi (Cayman Islands) Holding Corp.  

 

44,000 

 

58,305 

(Cost $282,233)

 

**302,472**

**Denmark 1.0%**

 
A P Moller-Maersk AS "A"  

 

8 

 

88,722 

A P Moller-Maersk AS "B"  

 

38 

 

424,672 

Bang & Olufsen AS "B"  

 

261 

 

16,319 

Carlsberg AS "B"  

 

1,150 

 

147,124 

Coloplast AS "B"  

 

812 

 

74,219 

Dampskibsselskabet Torm AS  

 

870 

 

25,829 

Danisco AS  

 

1,655 

 

120,936 

Danske Bank AS  

 

16,047 

 

593,007 

DSV AS  

 

6,480 

 

141,972 

FLSmidth & Co. AS  

 

1,799 

 

178,437 

GN Store Nord AS*  

 

4,207 

 

21,039 

H. Lundbeck AS  

 

939 

 

23,482 

Jyske Bank AS (Registered)*  

 

1,992 

 

133,932 

NKT Holding AS  

 

400 

 

28,856 

Novo Nordisk AS "B"  

 

16,614 

 

1,136,815 

Novozymes AS "B"  

 

1,560 

 

146,067 

Ostasiatiske Kompagni  

 

461 

 

40,374 

Rockwool International AS "B"  

 

169 

 

28,246 

Sydbank AS  

 

1,965 

 

71,552 

Topdanmark AS*  

 

613 

 

102,986 

Trygvesta AS  

 

910 

 

80,045 

Vestas Wind Systems AS*  

 

6,324 

 

692,055 

William Demant Holding AS*  

 

765 

 

61,221 

(Cost $1,658,167)

 

**4,377,907**

**Finland 1.8%**

 
Amer Sports Oyj  

 

2,100 

 

42,296 

Cargotec Corp. "B"  

 

1,200 

 

58,978 

Elisa Oyj  

 

5,062 

 

126,407 

Fortum Oyj  

 

14,625 

 

595,841 

KCI Konecranes Oyj  

 

900 

 

34,707 

Kesko Oyj "B"  

 

2,433 

 

125,775 

Kone Oyj "B"  

 

5,420 

 

222,648 

 

 

 

 

Metso Corp.  

 

4,186 

 

226,298 

Neste Oil Oyj  

 

4,336 

 

151,698 

Nokia Oyj  

 

131,437 

 

4,181,475 

Nokian Renkaat Oyj  

 

3,100 

 

132,287 

Orion Oyj "B"  

 

2,200 

 

47,649 

Outokumpu Oyj  

 

4,200 

 

191,273 

Pohjola Bank PLC

 

2,300 

 

43,333 

Rautaruukki Oyj  

 

2,400 

 

115,982 

Sampo Oyj "A"  

 

16,025 

 

434,274 

SanomaWSOY Oyj  

 

1,621 

 

44,967 

Stora Enso Oyj "R"  

 

19,656 

 

227,068 

TietoEnator Oyj  

 

2,240 

 

55,328 

UPM-Kymmene Oyj  

 

17,892 

 

317,716 

Uponor Oyj  

 

1,800 

 

42,336 

Wartsila Oyj "B"  

 

2,744 

 

185,156 

YIT Oyj*  

 

3,400 

 

96,574 

(Cost $3,695,315)

 

**7,700,066**

**France 9.7%**

 
Accor SA  

 

6,647 

 

485,352 

Aeroports de Paris  

 

1,102 

 

125,680 

Air France-KLM  

 

4,622 

 

130,150 

Air Liquide SA  

 

8,099 

 

1,236,330 

Alcatel-Lucent  

 

79,583 

 

455,762 

Alstom  

 

3,336 

 

724,672 

Atos Origin SA*  

 

2,155 

 

119,939 

Axa  

 

52,316 

 

1,893,312 

BNP Paribas  

 

27,268 

 

2,755,564 

Bouygues SA  

 

7,754 

 

492,511 

Cap Gemini SA  

 

5,045 

 

287,826 

Carrefour SA  

 

19,876 

 

1,533,252 

Casino Guichard-Perrachon SA  

 

1,216 

 

145,917 

Christian Dior SA  

 

645 

 

71,504 

CNP Assurances  

 

1,552 

 

191,297 

Compagnie de Saint-Gobain  

 

9,477 

 

774,418 

Compagnie Generale de Geophysique-Veritas*  

 

870 

 

215,500 

Compagnie Generale des Etablissements Michelin "B"  

 

4,908 

 

512,228 

Credit Agricole SA  

 

22,348 

 

692,917 

Dassault Systemes SA  

 

1,772 

 

102,989 

Electricite de France  

 

3,189 

 

277,425 

Essilor International SA  

 

6,836 

 

447,099 

Eurazeo  

 

239 

 

30,559 

France Telecom SA  

 

60,392 

 

2,030,526 

Gaz de France  

 

6,289 

 

380,073 

Gecina SA  

 

556 

 

83,045 

Groupe Danone  

 

14,327 

 

1,282,405 

Hermes International  

 

2,448 

 

305,657 

Imerys SA  

 

1,022 

 

93,713 

JC Decaux SA  

 

2,519 

 

74,126 

Klepierre  

 

2,781 

 

170,626 

L'Oreal SA  

 

8,396 

 

1,067,798 

Lafarge SA  

 

5,019 

 

873,939 

Lagardere SCA  

 

4,416 

 

330,594 

LVMH Moet Hennessy Louis Vuitton SA  

 

8,040 

 

896,303 

M6 Metropole Television  

 

416 

 

9,271 

 

 

 

 

Natixis  

 

1,164 

 

18,768 

Neopost SA  

 

943 

 

105,968 

Neuf Cegetel  

 

243 

 

13,532 

PagesJaunes SA  

 

3,445 

 

61,340 

Pernod Ricard SA  

 

6,037 

 

621,677 

PPR  

 

2,692 

 

399,718 

PSA Peugeot Citroen  

 

5,297 

 

411,397 

Publicis Groupe  

 

5,334 

 

204,004 

Renault SA  

 

6,164 

 

682,008 

Safran SA  

 

6,778 

 

138,760 

Sanofi-Aventis  

 

34,197 

 

2,565,963 

Schneider Electric SA  

 

7,510 

 

971,554 

SCOR  

 

5,089 

 

121,642 

Societe BIC SA  

 

1,073 

 

66,205 

Societe des Autoroutes Paris-Rhin-Rhone  

 

559 

 

67,627 

Societe Generale  

 

12,413 

 

1,213,322 

Societe Generale*  

 

3,103 

 

298,585 

Societe Television Francaise 1  

 

4,061 

 

89,293 

Sodexho Alliance SA  

 

2,959 

 

182,145 

Suez SA  

 

34,868 

 

2,290,836 

Suez SA (VVPR Strip)*  

 

3,124 

 

49 

Technip SA  

 

3,470 

 

268,546 

Thales SA  

 

3,436 

 

222,693 

Thomson  

 

7,043 

 

49,000 

Total SA  

 

71,611 

 

5,324,919 

Unibail-Rodamco (REIT)  

 

2,242 

 

577,772 

Valeo SA  

 

2,050 

 

81,283 

Vallourec SA  

 

1,704 

 

414,345 

Veolia Environnement  

 

11,791 

 

821,904 

Vinci SA  

 

13,546 

 

980,945 

Vivendi  

 

38,668 

 

1,512,658 

Zodiac SA  

 

1,383 

 

67,940 

(Cost $25,815,609)

 

**42,146,677**

**Germany 8.4%**

 
Adidas AG  

 

6,861 

 

456,451 

Allianz SE (Registered)  

 

15,024 

 

2,978,975 

Altana AG  

 

2,377 

 

50,160 

Arcandor AG*  

 

2,059 

 

41,162 

BASF SE  

 

16,435 

 

2,211,816 

Bayer AG  

 

24,349 

 

1,950,299 

Bayerische Motoren Werke (BMW) AG  

 

5,245 

 

289,600 

Beiersdorf AG  

 

3,087 

 

259,648 

Bilfinger Berger AG  

 

1,345 

 

115,722 

Celesio AG  

 

2,931 

 

145,014 

Commerzbank AG  

 

20,483 

 

641,025 

Continental AG  

 

5,294 

 

539,477 

Daimler AG  

 

31,370 

 

2,679,891 

Deutsche Bank AG (Registered) (b) 

 

16,788 

 

1,899,370 

Deutsche Boerse AG  

 

6,653 

 

1,072,852 

Deutsche Lufthansa AG (Registered)  

 

8,159 

 

220,799 

Deutsche Post AG (Registered)  

 

26,235 

 

801,817 

Deutsche Postbank AG  

 

2,606 

 

249,000 

Deutsche Telekom AG (Registered)  

 

94,574 

 

1,572,397 

Douglas Holdings AG  

 

849 

 

46,153 

 

 

 

 

E.ON AG  

 

20,569 

 

3,806,062 

Fresenius Medical Care AG & Co. KGaA  

 

6,216 

 

312,589 

GEA Group AG*  

 

5,269 

 

177,077 

Heidelberger Druckmaschinen AG  

 

1,322 

 

35,461 

Henkel KGaA  

 

3,143 

 

133,308 

Hochtief AG  

 

1,509 

 

138,097 

Hypo Real Estate Holding AG  

 

6,584 

 

171,328 

Infineon Technologies AG*  

 

27,075 

 

190,390 

IVG Immobilien AG  

 

2,728 

 

76,290 

K+S AG  

 

1,181 

 

386,971 

Linde AG  

 

4,108 

 

580,687 

MAN AG  

 

3,700 

 

491,008 

Merck KGaA  

 

2,185 

 

269,386 

Metro AG  

 

5,615 

 

453,341 

MLP AG  

 

1,150 

 

16,365 

Muenchener Rueckversicherungs-Gesellschaft AG (Registered)  

 

6,899 

 

1,348,618 

Premiere AG*  

 

1,758 

 

37,913 

Puma AG  

 

124 

 

47,706 

Q-Cells AG*  

 

1,442 

 

143,313 

Rheinmetall AG  

 

1,001 

 

70,566 

RWE AG  

 

14,881 

 

1,828,189 

Salzgitter AG  

 

1,505 

 

261,462 

SAP AG  

 

29,099 

 

1,445,727 

Siemens AG (Registered)  

 

28,975 

 

3,144,456 

Solarworld AG  

 

2,432 

 

115,992 

Suedzucker AG  

 

1,245 

 

27,605 

ThyssenKrupp AG  

 

12,191 

 

696,831 

TUI AG*  

 

6,799 

 

174,304 

Volkswagen AG  

 

5,188 

 

1,503,760 

Wincor Nixdorf AG  

 

842 

 

67,380 

(Cost $20,025,349)

 

**36,373,810**

**Gibraltar 0.0%**

 
PartyGaming PLC*  (Cost $54,079)

 

22,387 

 

**9,218**

**Greece 0.7%**

 
Alpha Bank AE  

 

13,700 

 

456,148 

Coca-Cola Hellenic Bottling Co. SA  

 

5,845 

 

273,011 

EFG Eurobank Ergasias  

 

10,260 

 

312,774 

Hellenic Exchanges Holding SA  

 

1,080 

 

25,747 

Hellenic Petroleum SA  

 

3,920 

 

51,696 

Hellenic Technodomiki SA  

 

2,760 

 

33,851 

Hellenic Telecommunications Organization SA  

 

9,950 

 

282,873 

Motor Oil (Hellas) Corinth Refineries SA  

 

510 

 

10,792 

National Bank of Greece SA  

 

13,607 

 

722,427 

OPAP SA  

 

7,549 

 

270,056 

Piraeus Bank SA  

 

11,495 

 

354,878 

Public Power Corp. SA 

 

3,486 

 

152,893 

Titan Cement Co. SA  

 

2,040 

 

86,886 

Viohalco, Hellenic Copper and Aluminum Industry SA  

 

3,290 

 

34,198 

(Cost $1,575,356)

 

**3,068,230**

**Hong Kong 2.0%**

 
ASM Pacific Technology Ltd.  

 

5,000 

 

36,300 

Bank of East Asia Ltd.  

 

48,483 

 

243,863 

Belle International Holdings Ltd.  

 

70,000 

 

73,047 

 

 

 

 

BOC Hong Kong (Holdings) Ltd.  

 

132,000 

 

318,113 

Cathay Pacific Airways Ltd.  

 

55,000 

 

107,763 

CC Land Holdings Ltd.  

 

19,000 

 

18,441 

Cheung Kong (Holdings) Ltd.  

 

50,000 

 

719,349 

Cheung Kong Infrastrucure Holdings Ltd.  

 

10,000 

 

40,216 

Chinese Estates Holdings Ltd.  

 

8,000 

 

12,481 

CLP Holdings Ltd.  

 

44,600 

 

368,272 

Esprit Holdings Ltd.  

 

34,815 

 

417,442 

Foxconn International Holdings Ltd.*  

 

78,000 

 

106,211 

Genting International PLC*  

 

26,000 

 

11,380 

Giordano International Ltd.  

 

26,000 

 

10,568 

Hang Lung Group Ltd.  

 

11,000 

 

52,396 

Hang Lung Properties Ltd.  

 

75,000 

 

268,044 

Hang Seng Bank Ltd.  

 

26,100 

 

474,910 

Henderson Land Development Co., Ltd.  

 

34,672 

 

250,108 

Hong Kong & China Gas Co., Ltd.  

 

125,675 

 

379,669 

Hong Kong Aircraft Engineering Co., Ltd.  

 

1,600 

 

26,377 

Hong Kong Exchanges & Clearing Ltd.  

 

35,000 

 

606,620 

Hong Kong Electric Holding Ltd.  

 

47,000 

 

299,469 

Hopewell Holdings Ltd.  

 

25,000 

 

95,490 

Hutchison Telecommunications International Ltd.  

 

42,000 

 

60,097 

Hutchison Whampoa Ltd.  

 

70,100 

 

667,142 

Hysan Development Co., Ltd.  

 

13,744 

 

38,286 

Kerry Properties Ltd.  

 

24,432 

 

148,989 

Kingboard Chemical Holdings Ltd.  

 

20,900 

 

74,514 

Lee & Man Paper Manufacturing Ltd.  

 

14,000 

 

22,395 

Li & Fung Ltd.  

 

79,120 

 

294,499 

Lifestyle International Holdings Ltd.  

 

15,000 

 

31,578 

Link (REIT)  

 

69,500 

 

154,251 

Melco International Development Ltd.  

 

17,000 

 

23,547 

MTR Corp., Ltd.  

 

51,403 

 

176,212 

New World Development Co., Ltd.  

 

87,036 

 

210,575 

Noble Group Ltd.  

 

17,000 

 

27,432 

NWS Holdings Ltd.  

 

7,000 

 

23,812 

Orient Overseas International Ltd.  

 

5,900 

 

34,603 

Pacific Basin Shipping Ltd.  

 

31,000 

 

51,842 

PCCW Ltd.  

 

139,443 

 

87,317 

Shangri-La Asia Ltd.  

 

44,499 

 

120,732 

Shun Tak Holdings Ltd.  

 

18,000 

 

23,937 

Sino Land Co., Ltd.  

 

40,971 

 

89,403 

Sun Hung Kai Properties Ltd.  

 

45,297 

 

708,126 

Swire Pacific Ltd. "A"  

 

28,500 

 

323,352 

Television Broadcasts Ltd.  

 

9,000 

 

49,380 

Wharf Holdings Ltd.  

 

48,864 

 

232,606 

Wheelock & Co., Ltd.  

 

8,000 

 

22,289 

Wing Hang Bank Ltd.  

 

5,000 

 

76,134 

Yue Yuen Industrial (Holdings) Ltd.  

 

21,000 

 

65,786 

(Cost $5,572,277)

 

**8,775,365**

**Ireland 0.8%**

 
Allied Irish Banks PLC  

 

28,888 

 

619,100 

Anglo Irish Bank Corp. PLC  

 

11,270 

 

151,205 

Bank of Ireland (a) 

 

26,400 

 

390,861 

Bank of Ireland (a) 

 

9,333 

 

138,947 

CRH PLC  

 

18,925 

 

719,381 

 

 

 

 

DCC PLC  

 

2,252 

 

53,147 

Elan Corp. PLC*  

 

17,064 

 

353,967 

Experian Group Ltd.  

 

34,580 

 

251,824 

Greencore Group PLC  

 

4,345 

 

25,687 

IAWS Group PLC  

 

2,311 

 

54,007 

Irish Life & Permanent PLC  

 

9,055 

 

177,193 

Kerry Group PLC "A"  

 

4,107 

 

128,722 

Kingspan Group PLC  

 

4,034 

 

53,869 

Paddy Power PLC  

 

1,301 

 

48,101 

Ryanair Holdings PLC*  

 

10,294 

 

45,499 

Smurfit Kappa Group PLC*  

 

2,677 

 

32,253 

(Cost $2,563,209)

 

**3,243,763**

**Italy 3.7%**

 
A2A SpA  

 

15,997 

 

58,872 

Alleanza Assicurazioni SpA  

 

15,390 

 

200,909 

Assicurazioni Generali SpA  

 

34,995 

 

1,576,232 

Atlantia SpA  

 

9,148 

 

276,904 

Autogrill SpA  

 

3,093 

 

46,280 

Banca Monte dei Paschi di Siena SpA  

 

33,891 

 

149,920 

Banca Popolare di Milano Scarl  

 

14,402 

 

157,983 

Banco Popolare Scarl*  

 

21,966 

 

363,411 

Bulgari SpA  

 

3,349 

 

38,828 

Enel SpA  

 

145,096 

 

1,542,054 

Eni SpA  

 

86,885 

 

2,961,684 

Fiat SpA  

 

24,376 

 

563,035 

Finmeccanica SpA  

 

10,294 

 

350,695 

Fondiaria-Sai SpA  

 

2,571 

 

106,396 

IFIL Investments SpA  

 

4,312 

 

34,915 

Intesa Sanpaolo  

 

258,120 

 

1,824,062 

Intesa Sanpaolo (RNC)  

 

34,089 

 

225,060 

Italcementi SpA  

 

2,813 

 

56,916 

Lottomatica SpA  

 

2,109 

 

65,749 

Luxottica Group SpA  

 

4,890 

 

123,146 

Mediaset SpA  

 

26,726 

 

247,833 

Mediobanca SpA  

 

16,661 

 

341,337 

Mediolanum SpA  

 

6,085 

 

37,373 

Mondadori (Arnoldo) Editore SpA  

 

3,666 

 

31,008 

Parmalat SpA  

 

57,791 

 

221,965 

Pirelli & C. SpA*  

 

84,527 

 

74,126 

Prysmian SpA*  

 

3,800 

 

81,013 

Saipem SpA  

 

4,026 

 

162,792 

Seat Pagine Gialle SpA  

 

129,754 

 

22,512 

Snam Rete Gas SpA  

 

31,423 

 

199,659 

Telecom Italia SpA  

 

352,168 

 

736,815 

Telecom Italia SpA (RNC)  

 

203,828 

 

338,383 

Terna SpA  

 

33,898 

 

144,543 

UniCredito Italiano SpA  

 

311,046 

 

2,079,330 

Unione di Banche Italiane SCPA  

 

20,565 

 

528,042 

(Cost $10,809,149)

 

**15,969,782**

**Japan 19.6%**

 
Access Co., Ltd.*  

 

3 

 

10,830 

ACOM Co., Ltd.  

 

2,300 

 

61,154 

Aderans Holdings Co., Ltd.  

 

1,900 

 

35,260 

Advantest Corp.  

 

5,300 

 

140,206 

 

 

 

 

AEON Co., Ltd.  

 

21,100 

 

255,139 

AEON Credit Services Co., Ltd.  

 

2,730 

 

36,682 

AEON Mall Co., Ltd.  

 

1,100 

 

30,899 

Aiful Corp.  

 

1,950 

 

31,388 

Aioi Insurance Co., Ltd.  

 

6,000 

 

33,772 

Aisin Seiki Co., Ltd.  

 

6,700 

 

251,188 

Ajinomoto Co., Inc.  

 

22,000 

 

225,160 

Alfresa Holdings Corp.  

 

1,000 

 

78,730 

All Nippon Airways Co., Ltd.  

 

25,000 

 

110,624 

Alps Electric Co., Ltd.  

 

6,000 

 

59,310 

Amada Co., Ltd.  

 

15,000 

 

115,656 

Aoyama Trading Co., Ltd.  

 

2,200 

 

47,906 

Asahi Breweries Ltd.  

 

14,300 

 

295,846 

Asahi Glass Co., Ltd.  

 

34,000 

 

377,063 

Asahi Kasei Corp.  

 

41,000 

 

216,639 

Asatsu-DK, Inc.  

 

1,100 

 

39,244 

ASICS Corp.  

 

3,000 

 

34,956 

Astellas Pharma, Inc.  

 

17,100 

 

663,626 

Autobacs Seven Co., Ltd.  

 

1,100 

 

30,234 

Benesse Corp.  

 

2,200 

 

104,545 

Bridgestone Corp.  

 

21,600 

 

369,070 

Brother Industries Ltd.  

 

2,000 

 

20,814 

Canon Marketing Japan, Inc.  

 

2,000 

 

37,846 

Canon, Inc.  

 

36,300 

 

1,682,156 

Casio Computer Co., Ltd.  

 

9,200 

 

136,519 

Central Glass Co., Ltd.  

 

9,000 

 

35,623 

Central Japan Railway Co.  

 

55 

 

572,714 

Chiyoda Corp.  

 

5,000 

 

46,149 

Chubu Electric Power Co., Inc.  

 

23,300 

 

585,071 

Chugai Pharmaceutical Co., Ltd.  

 

8,000 

 

90,573 

Chugoku Electric Power Co., Inc.  

 

3,400 

 

75,993 

Chuo Mitsui Trust Holdings, Inc.  

 

28,100 

 

170,452 

Citizen Holdings Co., Ltd.  

 

9,300 

 

79,413 

COMSYS Holdings Corp.  

 

3,000 

 

26,270 

Cosmo Oil Co., Ltd.  

 

11,000 

 

35,028 

Credit Saison Co., Ltd.  

 

6,300 

 

176,178 

CSK Holdings Corp.  

 

2,100 

 

49,116 

Dai Nippon Printing Co., Ltd.  

 

20,000 

 

318,892 

Daicel Chemical Industries Ltd.  

 

6,000 

 

31,168 

Daido Steel Co., Ltd.  

 

8,000 

 

41,965 

Daiichi Sankyo Co., Ltd.  

 

23,700 

 

701,287 

Daikin Industries Ltd.  

 

8,600 

 

377,158 

Dainippon Ink & Chemical, Inc.  

 

21,000 

 

65,550 

Daito Trust Construction Co., Ltd.  

 

2,700 

 

139,645 

Daiwa House Industry Co., Ltd.  

 

18,000 

 

180,319 

Daiwa Securities Group, Inc.  

 

48,000 

 

417,861 

Denki Kagaku Kogyo Kabushiki Kaisha  

 

17,000 

 

54,213 

Denso Corp.  

 

16,600 

 

538,081 

DENTSU, Inc.  

 

69 

 

159,020 

Dowa Holdings Co., Ltd.  

 

9,000 

 

54,373 

eAccess Ltd.  

 

30 

 

18,540 

East Japan Railway Co.  

 

117 

 

974,022 

Ebara Corp.  

 

8,000 

 

24,738 

EDION Corp.  

 

1,000 

 

9,289 

Eisai Co., Ltd.  

 

8,500 

 

290,435 

 

 

 

 

Electric Power Development Co., Ltd.  

 

4,700 

 

169,460 

Elpida Memory, Inc.*  

 

2,400 

 

80,328 

FamilyMart Co., Ltd.  

 

2,300 

 

82,995 

FANUC Ltd.  

 

6,700 

 

648,457 

Fast Retailing Co., Ltd.  

 

1,700 

 

152,228 

Fuji Electric Holdings Co., Ltd.  

 

13,000 

 

52,962 

Fuji Television Network, Inc.  

 

21 

 

31,232 

Fujifilm Holdings Corp.  

 

16,000 

 

568,433 

Fujikura Ltd.  

 

10,000 

 

45,896 

Fujitsu Ltd.  

 

61,000 

 

400,560 

Fukuoka Financial Group, Inc.  

 

21,000 

 

110,858 

Glory Ltd.  

 

1,100 

 

23,775 

H20 Retailing Corp.  

 

2,000 

 

13,503 

Hakuhodo Dy Holdings, Inc.  

 

500 

 

30,012 

Hankyu Hanshin Holdings, Inc.  

 

47,200 

 

205,202 

Haseko Corp.*  

 

28,000 

 

42,231 

Hikari Tsushin, Inc.  

 

500 

 

14,939 

Hino Motors Ltd.  

 

6,000 

 

40,189 

Hirose Electric Co., Ltd.  

 

900 

 

101,398 

Hitachi Chemical Co., Ltd.  

 

3,400 

 

64,045 

Hitachi Construction Machinery Co., Ltd.  

 

2,700 

 

69,320 

Hitachi High-Technologies Corp.  

 

1,000 

 

16,607 

Hitachi Ltd.  

 

117,000 

 

695,931 

Hokkaido Electric Power Co., Inc.  

 

4,800 

 

112,178 

Hokugin Financial Group, Inc.  

 

31,000 

 

93,512 

Hokuriku Electric Power Co.  

 

1,800 

 

42,569 

Honda Motor Co., Ltd.  

 

53,100 

 

1,521,874 

House Food Corp.  

 

3,000 

 

44,705 

Hoya Corp.  

 

14,100 

 

334,218 

IBIDEN Co., Ltd.  

 

3,900 

 

154,196 

Idemitsu Kosan Co., Ltd.  

 

900 

 

70,441 

INPEX Holdings, Inc.  

 

28 

 

314,325 

Isetan Co., Ltd.  

 

7,700 

 

89,452 

Ishikawajima-Harima Heavy Industries Co., Ltd.  

 

50,000 

 

97,018 

Isuzu Motors Ltd.  

 

18,000 

 

90,244 

ITO EN Ltd.  

 

1,600 

 

28,555 

Itochu Corp.  

 

53,000 

 

525,833 

Itochu Techno-Solutions Corp.  

 

800 

 

24,231 

J. Front Retailing Co., Ltd.*  

 

12,000 

 

76,867 

JAFCO Co., Ltd.  

 

600 

 

20,087 

Japan Airlines Corp.*  

 

19,000 

 

49,644 

Japan Petroleum Exploration Co., Ltd.  

 

500 

 

33,184 

Japan Prime Realty Investment Corp. (REIT)  

 

10 

 

33,094 

Japan Real Estate Investment Corp. (REIT)  

 

15 

 

174,929 

Japan Retail Fund Investment Corp. (REIT)  

 

12 

 

75,899 

Japan Steel Works Ltd.  

 

10,000 

 

173,800 

Japan Tobacco, Inc.  

 

156 

 

782,172 

JFE Holdings, Inc.  

 

20,225 

 

911,458 

JGC Corp.  

 

6,000 

 

93,224 

JS Group Corp.  

 

9,348 

 

141,915 

JSR Corp.  

 

7,200 

 

163,617 

JTEKT Corp.  

 

7,100 

 

116,327 

Jupiter Telecommunications Co., Ltd.*  

 

39 

 

36,697 

Kajima Corp.  

 

33,000 

 

94,782 

Kamigumi Co., Ltd.  

 

6,000 

 

48,008 

 

 

 

 

Kaneka Corp.  

 

8,000 

 

50,175 

Kansai Electric Power Co., Inc.  

 

26,700 

 

666,744 

Kansai Paint Co., Ltd.  

 

5,000 

 

32,952 

Kao Corp.  

 

17,000 

 

482,112 

Kawasaki Heavy Industries Ltd.  

 

51,000 

 

115,737 

Kawasaki Kisen Kaisha Ltd.  

 

21,000 

 

207,971 

KDDI Corp.  

 

81 

 

500,649 

Keihin Electric Express Railway Co., Ltd.  

 

12,000 

 

81,681 

Keio Corp.  

 

16,000 

 

89,783 

Keisei Electric Railway Co., Ltd.  

 

5,000 

 

27,097 

Keyence Corp.  

 

1,270 

 

296,092 

Kikkoman Corp.  

 

6,000 

 

74,634 

Kinden Corp.  

 

6,000 

 

58,120 

Kintetsu Corp.  

 

46,900 

 

168,062 

Kirin Holdings Co., Ltd.  

 

26,000 

 

494,891 

Kobe Steel Ltd.  

 

87,000 

 

252,392 

Kokuyo Corp.  

 

3,000 

 

25,806 

Komatsu Ltd.  

 

31,100 

 

881,974 

Komori Corp.  

 

2,000 

 

42,171 

Konami Co., Ltd.  

 

3,200 

 

121,723 

Konica Minolta Holdings, Inc.  

 

17,000 

 

234,409 

Kubota Corp.  

 

36,000 

 

226,941 

Kuraray Co., Ltd.  

 

14,000 

 

169,262 

Kurita Water Industries Ltd.  

 

4,400 

 

164,574 

Kyocera Corp.  

 

5,600 

 

470,965 

Kyowa Hakko Kogyo Co., Ltd.  

 

6,910 

 

66,072 

Kyushu Electric Power Co., Inc.  

 

13,200 

 

323,843 

Lawson, Inc.  

 

1,900 

 

84,134 

Leopalace21 Corp.  

 

5,000 

 

81,214 

Mabuchi Motor Co., Ltd.  

 

1,200 

 

58,346 

Makita Corp.  

 

4,000 

 

126,005 

Marubeni Corp.  

 

54,000 

 

401,318 

Marui Co., Ltd.  

 

10,400 

 

111,878 

Matsui Securities Co., Ltd.  

 

1,900 

 

10,907 

Matsumotokiyoshi Holdings Co., Ltd.*  

 

2,100 

 

45,662 

Matsushita Electric Industrial Co., Ltd.  

 

66,614 

 

1,447,405 

Matsushita Electric Works Ltd.  

 

11,000 

 

114,906 

Mazda Motor Corp.  

 

10,000 

 

35,597 

Mediceo Patac Holdings Co., Ltd.  

 

5,100 

 

92,924 

Meiji Dairies Corp.  

 

8,000 

 

48,676 

Meiji Seika Kaisha Ltd.  

 

12,000 

 

61,477 

Meitec Corp.  

 

700 

 

21,240 

Millea Holdings, Inc.  

 

25,600 

 

947,224 

Minebea Co., Ltd.  

 

8,000 

 

47,262 

Mitsubishi Chemical Holdings Corp.  

 

42,000 

 

278,410 

Mitsubishi Corp.  

 

45,300 

 

1,395,941 

Mitsubishi Electric Corp.  

 

63,000 

 

555,212 

Mitsubishi Estate Co., Ltd.  

 

41,000 

 

998,477 

Mitsubishi Gas Chemical Co., Inc.  

 

16,000 

 

114,056 

Mitsubishi Heavy Industries Ltd.  

 

105,000 

 

456,944 

Mitsubishi Logistics Corp.  

 

5,000 

 

64,997 

Mitsubishi Materials Corp.  

 

43,000 

 

189,744 

Mitsubishi Motors Corp.*  

 

53,000 

 

87,375 

Mitsubishi Rayon Co., Ltd.  

 

17,000 

 

54,532 

Mitsubishi Tanabe Pharma Corp.  

 

8,000 

 

93,290 

 

 

 

 

Mitsubishi UFJ Financial Group, Inc.  

 

294,000 

 

2,558,978 

Mitsubishi UFJ Lease & Finance Co., Ltd.  

 

1,000 

 

34,938 

Mitsui & Co., Ltd.  

 

57,000 

 

1,180,074 

Mitsui Chemicals, Inc.  

 

24,000 

 

159,546 

Mitsui Engineering & Shipbuilding Co., Ltd.  

 

20,000 

 

54,828 

Mitsui Fudosan Co., Ltd.  

 

30,000 

 

610,498 

Mitsui Mining & Smelting Co., Ltd.  

 

19,000 

 

60,238 

Mitsui O.S.K. Lines Ltd.  

 

36,000 

 

444,174 

Mitsui Sumitomo Insurance Co., Ltd.  

 

39,260 

 

396,617 

Mitsukoshi Ltd.  

 

13,000 

 

50,732 

Mitsumi Electric Co., Ltd.  

 

2,000 

 

64,721 

Mizuho Financial Group, Inc.  

 

312 

 

1,149,885 

Murata Manufacturing Co., Ltd.  

 

7,000 

 

352,798 

Namco Bandai Holdings, Inc.  

 

9,050 

 

124,104 

NEC Corp.  

 

74,000 

 

283,478 

NEC Electronics Corp.*  

 

1,800 

 

34,960 

NGK Insulators Ltd.  

 

9,000 

 

162,568 

NGK Spark Plug Co., Ltd.  

 

6,000 

 

78,225 

NHK Spring Co., Ltd.  

 

3,000 

 

21,328 

Nichirei Corp.  

 

9,000 

 

43,664 

Nidec Corp.  

 

3,600 

 

224,911 

Nikon Corp.  

 

11,000 

 

294,273 

Nintendo Co., Ltd.  

 

3,400 

 

1,761,324 

Nippon Building Fund, Inc. (REIT)  

 

18 

 

229,839 

Nippon Electric Glass Co., Ltd.  

 

10,000 

 

156,757 

Nippon Express Co., Ltd.  

 

25,000 

 

144,020 

Nippon Meat Packers, Inc.  

 

5,000 

 

74,422 

Nippon Mining Holdings, Inc.  

 

32,500 

 

173,091 

Nippon Oil Corp.  

 

42,000 

 

265,233 

Nippon Paper Group, Inc.  

 

29 

 

69,527 

Nippon Sheet Glass Co., Ltd.  

 

16,000 

 

72,230 

Nippon Shokubai Co., Ltd.  

 

2,000 

 

13,303 

Nippon Steel Corp.  

 

199,000 

 

1,023,700 

Nippon Telegraph & Telephone Corp.  

 

171 

 

743,854 

Nippon Yusen Kabushiki Kaisha  

 

40,000 

 

377,065 

NIPPONKOA Insurance Co., Ltd.  

 

9,000 

 

69,572 

Nishi-Nippon City Bank Ltd.  

 

16,000 

 

42,656 

Nishimatsu Construction Co., Ltd.  

 

5,000 

 

10,762 

Nissan Chemical Industries Ltd.  

 

4,000 

 

42,758 

Nissan Motor Co., Ltd.  

 

76,900 

 

638,195 

Nisshin Seifun Group, Inc.  

 

5,000 

 

53,975 

Nisshin Steel Co., Ltd.  

 

29,000 

 

102,001 

Nisshinbo Industries  

 

3,000 

 

28,237 

Nissin Food Products Co., Ltd.  

 

3,600 

 

121,514 

Nitori Co., Ltd.  

 

700 

 

39,888 

Nitto Denko Corp.  

 

5,400 

 

231,665 

NOK Corp.  

 

3,300 

 

68,203 

Nomura Holdings, Inc.  

 

60,700 

 

913,164 

Nomura Real Estate Holdings, Inc.  

 

1,000 

 

16,733 

Nomura Real Estate Office Fund, Inc. (REIT)  

 

6 

 

48,712 

Nomura Research Institute Ltd.  

 

3,800 

 

100,621 

NSK Ltd.  

 

17,000 

 

129,306 

NTN Corp.  

 

13,000 

 

89,635 

NTT Data Corp.  

 

43 

 

188,644 

NTT DoCoMo, Inc.  

 

541 

 

821,514 

 

 

 

 

NTT Urban Development Corp.  

 

25 

 

36,428 

Obayashi Corp.  

 

21,000 

 

89,216 

Obic Co., Ltd.  

 

200 

 

35,576 

Odakyu Electric Railway Co., Ltd.  

 

25,000 

 

186,398 

Oji Paper Co., Ltd.  

 

25,000 

 

113,684 

Oki Electric Industry Co., Ltd.*  

 

15,000 

 

28,985 

OKUMA Corp.  

 

3,000 

 

32,843 

Okumura Corp.  

 

1,000 

 

5,135 

Olympus Corp.  

 

8,000 

 

243,211 

Omron Corp.  

 

6,400 

 

132,810 

Ono Pharmaceutical Co., Ltd.  

 

1,000 

 

48,398 

Onward Kashiyama Co.  

 

4,000 

 

41,131 

Oracle Corp.  

 

1,100 

 

51,039 

Oriental Land Co., Ltd.  

 

1,800 

 

105,687 

ORIX Corp.  

 

3,100 

 

423,985 

Osaka Gas Co., Ltd.  

 

66,000 

 

265,084 

OSAKA Titanium technologies Co., Ltd.  

 

400 

 

24,857 

OSG Corp.  

 

1,000 

 

11,725 

Otsuka Corp.  

 

300 

 

25,664 

Pioneer Corp.  

 

5,400 

 

53,803 

Promise Co., Ltd.  

 

2,700 

 

78,381 

Q.P. Corp.  

 

2,000 

 

20,676 

Rakuten, Inc.  

 

236 

 

141,631 

Resona Holdings, Inc.  

 

209 

 

354,688 

Ricoh Co., Ltd.  

 

22,000 

 

367,765 

ROHM Co., Ltd.  

 

3,400 

 

211,114 

Ryohin Keikaku Co., Ltd.  

 

400 

 

23,347 

Sanken Electric Co., Ltd.  

 

2,000 

 

11,783 

Sankyo Co., Ltd.  

 

1,300 

 

77,664 

Santen Pharmaceutical Co., Ltd.  

 

2,000 

 

47,035 

Sanyo Electric Co., Ltd.*  

 

50,000 

 

105,544 

Sapporo Hokuyo Holdings, Inc.  

 

8 

 

55,961 

Sapporo Holdings Ltd.  

 

5,000 

 

41,317 

SBI E*Trade Securities Co., Ltd.  

 

48 

 

41,923 

SBI Holdings, Inc.  

 

371 

 

89,525 

Secom Co., Ltd.  

 

7,100 

 

348,888 

Sega Sammy Holdings, Inc.  

 

6,000 

 

63,676 

Seiko Epson Corp.  

 

3,300 

 

89,045 

Seino Holdings Co., Ltd.  

 

4,000 

 

26,076 

Sekisui Chemical Co., Ltd.  

 

14,000 

 

85,661 

Sekisui House Ltd.  

 

18,000 

 

167,166 

Seven & I Holdings Co., Ltd.  

 

28,400 

 

721,919 

Sharp Corp.  

 

35,000 

 

596,813 

Shikoku Electric Power Co., Inc.  

 

2,100 

 

62,672 

Shimachu Co., Ltd.  

 

700 

 

21,057 

Shimamura Co., Ltd.  

 

1,000 

 

85,883 

Shimano, Inc.  

 

2,500 

 

116,387 

Shimizu Corp.  

 

18,000 

 

83,985 

Shin-Etsu Chemical Co., Ltd.  

 

14,300 

 

742,069 

Shinko Electric Industries Co., Ltd.  

 

1,000 

 

11,341 

Shinko Securities Co., Ltd.  

 

12,000 

 

35,073 

Shinsei Bank Ltd.  

 

27,000 

 

89,426 

Shionogi & Co., Ltd.  

 

9,000 

 

153,924 

Shiseido Co., Ltd.  

 

12,000 

 

317,530 

Showa Denko KK  

 

34,000 

 

114,904 

 

 

 

 

Showa Shell Sekiyu KK  

 

5,000 

 

50,987 

SMC Corp.  

 

2,100 

 

222,199 

Softbank Corp.

 

24,900 

 

459,150 

Sojitz Corp.  

 

31,800 

 

107,341 

Sompo Japan Insurance, Inc.  

 

28,000 

 

250,792 

Sony Corp.  

 

34,200 

 

1,368,063 

Sony Financial Holdings, Inc.*  

 

27 

 

110,145 

Square Enix Co., Ltd.  

 

800 

 

28,180 

Stanley Electric Co., Ltd.  

 

6,200 

 

152,781 

Sumco Corp.  

 

4,600 

 

100,748 

Sumitomo Chemical Co., Ltd.  

 

51,000 

 

327,569 

Sumitomo Corp.  

 

37,500 

 

503,761 

Sumitomo Electric Industries Ltd.  

 

26,900 

 

341,304 

Sumitomo Heavy Industries Ltd.  

 

20,000 

 

131,817 

Sumitomo Metal Industries Ltd.  

 

139,000 

 

534,822 

Sumitomo Metal Mining Co., Ltd.  

 

19,000 

 

356,144 

Sumitomo Mitsui Financial Group, Inc.  

 

224 

 

1,479,004 

Sumitomo Osaka Cement Co., Ltd.  

 

12,000 

 

28,273 

Sumitomo Realty & Development Co., Ltd.  

 

14,000 

 

252,620 

Sumitomo Rubber Industries Ltd.  

 

6,600 

 

51,396 

Sumitomo Trust & Banking Co., Ltd.  

 

46,000 

 

317,533 

Suzuken Co., Ltd.  

 

1,900 

 

78,524 

Suzuki Motor Corp.  

 

7,000 

 

177,220 

T&D Holdings, Inc.  

 

6,800 

 

357,322 

Taiheiyo Cement Corp.  

 

29,000 

 

71,038 

Taisei Corp.  

 

29,000 

 

74,757 

Taisho Pharmaceutical Co., Ltd.  

 

5,000 

 

99,275 

Taiyo Nippon Sanso Corp.  

 

7,000 

 

56,220 

Taiyo Yuden Co., Ltd.  

 

4,000 

 

39,556 

Takara Holdings, Inc.  

 

4,000 

 

27,759 

Takashimaya Co., Ltd.  

 

12,000 

 

136,090 

Takeda Pharmaceutical Co., Ltd.  

 

28,800 

 

1,456,340 

Takefuji Corp.  

 

3,900 

 

83,740 

TDK Corp.  

 

4,500 

 

267,437 

Teijin Ltd.  

 

30,000 

 

127,964 

Terumo Corp.  

 

5,700 

 

298,202 

The 77 Bank Ltd.  

 

8,000 

 

45,216 

The Bank of Kyoto Ltd.  

 

10,000 

 

123,020 

The Bank of Yokohama Ltd.  

 

43,000 

 

297,186 

The Chiba Bank Ltd.  

 

26,000 

 

177,187 

The Furukawa Electric Co., Ltd.  

 

24,000 

 

78,902 

The Goodwill Group, Inc.*  

 

67 

 

8,715 

The Gunma Bank Ltd.  

 

10,000 

 

72,194 

The Hachijuni Bank Ltd.  

 

13,258 

 

85,170 

The Hiroshima Bank Ltd.  

 

12,000 

 

58,618 

The Joyo Bank Ltd.  

 

28,000 

 

142,131 

The Shizuoka Bank Ltd.  

 

21,000 

 

250,832 

The Suruga Bank Ltd.  

 

6,000 

 

76,528 

THK Co., Ltd.  

 

3,300 

 

57,094 

Tobu Railway Co., Ltd.  

 

24,000 

 

128,934 

Toda Corp.  

 

6,000 

 

24,699 

Toho Co., Ltd.  

 

4,300 

 

101,075 

Toho Titanium Co., Ltd.  

 

1,000 

 

25,812 

Tohoku Electric Power Co., Inc.  

 

14,800 

 

362,272 

Tokai Rika Co., Ltd.  

 

800 

 

20,982 

 

 

 

 

Tokuyama Corp.  

 

8,000 

 

58,269 

Tokyo Broadcasting System, Inc.  

 

1,800 

 

43,078 

Tokyo Electric Power Co., Inc.  

 

40,600 

 

1,092,141 

Tokyo Electron Ltd.  

 

6,100 

 

377,419 

Tokyo Gas Co., Ltd.  

 

81,000 

 

328,214 

Tokyo Seimitsu Co., Ltd.  

 

600 

 

11,040 

Tokyo Steel Manufacturing Co., Ltd.  

 

4,400 

 

60,714 

Tokyo Tatemono Co., Ltd.  

 

12,000 

 

79,199 

Tokyu Corp.  

 

39,000 

 

198,982 

Tokyu Land Corp.  

 

16,000 

 

102,613 

TonenGeneral Sekiyu KK  

 

9,000 

 

77,118 

Toppan Printing Co., Ltd.  

 

19,000 

 

220,879 

Toray Industries, Inc.  

 

48,000 

 

316,488 

Toshiba Corp.  

 

107,000 

 

717,712 

Tosoh Corp.  

 

15,000 

 

51,883 

TOTO Ltd.  

 

10,000 

 

95,672 

Toyo Seikan Kaisha Ltd.  

 

5,000 

 

96,074 

Toyo Suisan Kaisha Ltd.  

 

2,000 

 

30,142 

Toyoda Gosei Co., Ltd.  

 

1,300 

 

49,679 

Toyota Boshoku Corp.  

 

1,400 

 

42,086 

Toyota Industries Corp.  

 

6,700 

 

241,842 

Toyota Motor Corp.  

 

91,200 

 

4,596,196 

Toyota Tsusho Corp.  

 

7,200 

 

153,468 

Trend Micro, Inc.  

 

4,000 

 

159,135 

Ube Industries Ltd.  

 

29,000 

 

94,344 

Uni-Charm Co.  

 

1,400 

 

102,958 

UNY Co., Ltd.  

 

5,000 

 

47,946 

Urban Corp.  

 

4,000 

 

17,109 

Ushio, Inc.  

 

4,000 

 

76,187 

USS Co., Ltd.  

 

800 

 

55,713 

Wacoal Holdings Corp.  

 

4,000 

 

59,486 

West Japan Railway Co.  

 

58 

 

255,168 

Yahoo! Japan Corp.  

 

560 

 

294,648 

Yakult Honsha Co., Ltd.  

 

3,000 

 

93,484 

Yamada Denki Co., Ltd.  

 

2,940 

 

254,703 

Yamaha Corp.  

 

5,000 

 

96,784 

Yamaha Motor Co., Ltd.  

 

7,400 

 

136,821 

Yamato Holdings Co., Ltd.  

 

13,000 

 

191,921 

Yamato Kogyo Co., Ltd.  

 

800 

 

32,918 

Yamazaki Baking Co., Ltd.  

 

5,000 

 

47,453 

Yaskawa Electric Corp.  

 

5,000 

 

47,634 

Yokogawa Electric Corp.  

 

6,000 

 

61,041 

ZEON Corp.  

 

4,000 

 

18,184 

(Cost $69,086,247)

 

**85,105,550**

**Kazakhstan 0.0%**

 
Eurasian Natural Resources Corp.*  (Cost $195,422)

 

9,783 

 

**191,225**

**Luxembourg 0.6%**

 
ArcelorMittal  

 

30,980 

 

2,537,269 

Millicom International Cellular SA (SDR)*  

 

700 

 

66,928 

SES (FDR)  

 

4,104 

 

86,613 

Stolt-Nielsen SA  

 

1,200 

 

25,025 

(Cost $1,245,595)

 

**2,715,835**

 

 

 

 

**Netherlands 4.5%**

 
Aegon NV  

 

48,847 

 

719,614 

Akzo Nobel NV  

 

9,140 

 

733,945 

ASML Holding NV*  

 

13,443 

 

330,581 

Corio NV (REIT)  

 

1,310 

 

114,765 

Corporate Express  

 

3,658 

 

42,575 

European Aeronautic Defence & Space Co.  

 

10,947 

 

259,862 

Fugro NV (CVA)  

 

1,906 

 

147,993 

Heineken Holding NV  

 

1,631 

 

82,052 

Heineken NV  

 

8,329 

 

484,012 

ING Groep NV (CVA)  

 

62,589 

 

2,340,000 

James Hardie Industries NV  

 

11,685 

 

66,988 

Koninklijke (Royal) KPN NV  

 

61,963 

 

1,049,103 

Koninklijke (Royal) Philips Electronics NV  

 

37,496 

 

1,435,575 

Koninklijke Ahold NV*  

 

42,921 

 

636,855 

Koninklijke DSM NV  

 

4,630 

 

223,499 

Oce NV  

 

1,840 

 

31,312 

QIAGEN NV*  

 

4,076 

 

84,350 

Randstad Holdings NV  

 

1,773 

 

83,352 

Reed Elsevier NV  

 

20,267 

 

386,666 

Royal Dutch Shell PLC "A"  

 

120,881 

 

4,170,457 

Royal Dutch Shell PLC "B"  

 

92,980 

 

3,129,720 

SBM Offshore NV  

 

4,602 

 

148,409 

TNT NV  

 

13,177 

 

489,816 

TomTom NV*  

 

1,786 

 

73,856 

Unilever NV (CVA)  

 

56,641 

 

1,903,282 

Vedior NV (CVA)  

 

5,978 

 

174,110 

Wereldhave NV (REIT)  

 

445 

 

54,891 

Wolters Kluwer NV  

 

9,623 

 

254,972 

(Cost $13,416,817)

 

**19,652,612**

**New Zealand 0.1%**

 
Auckland International Airport Ltd.  

 

33,452 

 

60,063 

Contact Energy Ltd.  

 

10,746 

 

67,478 

Fisher & Paykel Appliances Holdings Ltd.  

 

4,480 

 

8,290 

Fisher & Paykel Corp., Ltd.  

 

8,612 

 

19,892 

Fletcher Building Ltd.  

 

17,031 

 

112,634 

Kiwi Income Property Trust  

 

13,679 

 

13,032 

Sky City Entertainment Group Ltd.  

 

17,085 

 

49,574 

Sky Network Television Ltd.  

 

4,696 

 

17,733 

Telecom Corp. of New Zealand Ltd.  

 

60,736 

 

178,735 

Vector Ltd.  

 

3,419 

 

4,631 

(Cost $344,813)

 

**532,062**

**Norway 1.0%**

 
Aker Kvaerner ASA  

 

5,600 

 

128,136 

Det Norske Oljeselskap International ASA*  

 

17,000 

 

30,510 

DNB NOR ASA  

 

26,650 

 

406,176 

Norsk Hydro ASA  

 

23,800 

 

348,342 

Ocean Rig ASA*  

 

3,100 

 

23,795 

Orkla ASA  

 

28,220 

 

359,159 

Petroleum Geo-Services ASA  

 

5,950 

 

147,973 

Prosafe SE  

 

6,750 

 

106,413 

Renewable Energy Corp. AS*  

 

5,200 

 

146,124 

Schibsted ASA  

 

800 

 

23,999 

StatoilHydro ASA  

 

44,217 

 

1,329,569 

 

 

 

 

Storebrand ASA  

 

13,812 

 

109,174 

Tandberg ASA  

 

1,850 

 

27,802 

Telenor ASA*  

 

27,550 

 

529,474 

TGS Nopec Geophysical Co. ASA*  

 

1,800 

 

26,217 

Tomra Systems ASA  

 

5,300 

 

40,097 

Yara International ASA  

 

6,250 

 

363,250 

(Cost $1,765,563)

 

**4,146,210**

**Portugal 0.3%**

 
Banco BPI SA (Registered)  

 

6,869 

 

36,321 

Banco Comercial Portugues SA (Registered)  

 

61,729 

 

200,725 

Banco Espirito Santo SA (Registered)  

 

7,610 

 

132,349 

Brisa  

 

9,843 

 

140,619 

CIMPOR-Cimentos de Portugal, SGPS, SA  

 

7,563 

 

68,570 

EDP - Energias de Portugal SA  

 

64,521 

 

391,100 

Jeronimo Martins, SGPS, SA  

 

4,852 

 

39,005 

Portugal Telecom SGPS, SA (Registered)  

 

27,039 

 

314,329 

Sonae Industria-SGPS, SA*  

 

1,634 

 

11,360 

Sonae SGPS, SA  

 

24,104 

 

44,278 

Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS SA  

 

6,705 

 

79,487 

(Cost $895,289)

 

**1,458,143**

**Singapore 1.2%**

 
Ascendas Real Estate Investment Trust (REIT)  

 

36,750 

 

64,090 

CapitaCommercial Trust (REIT)  

 

41,000 

 

66,670 

Capitaland Ltd.  

 

64,750 

 

302,030 

CapitaMall Trust (REIT)  

 

41,300 

 

104,662 

Chartered Semiconductors Manufacturing Ltd.*  

 

400 

 

211 

City Developments Ltd.  

 

16,000 

 

128,497 

ComfortDelGro Corp., Ltd.  

 

80,000 

 

106,428 

Cosco Corp., (Singapore) Ltd.  

 

20,000 

 

54,203 

DBS Group Holdings Ltd.  

 

41,513 

 

546,023 

Fraser & Neave Ltd.  

 

33,300 

 

118,114 

Haw Par Corp., Ltd.  

 

4,245 

 

21,342 

Jardine Cycle & Carriage Ltd.  

 

5,890 

 

84,267 

Keppel Corp., Ltd.  

 

40,500 

 

293,450 

Keppel Land Ltd.  

 

13,000 

 

52,861 

Neptune Orient Lines Ltd.  

 

20,000 

 

47,633 

Olam International Ltd.  

 

7,000 

 

11,046 

Oversea-Chinese Banking Corp., Ltd.  

 

82,008 

 

485,155 

Parkway Holdings Ltd.  

 

18,450 

 

43,208 

SembCorp Industries Ltd.  

 

29,449 

 

87,304 

SembCorp Marine Ltd.  

 

26,600 

 

74,417 

Singapore Airlines Ltd.  

 

18,670 

 

212,390 

Singapore Exchange Ltd.  

 

30,000 

 

165,273 

Singapore Post Ltd.  

 

28,000 

 

23,472 

Singapore Press Holdings Ltd.  

 

58,758 

 

197,119 

Singapore Technologies Engineering Ltd.  

 

48,000 

 

118,070 

Singapore Telecommunications Ltd.  

 

282,301 

 

809,062 

United Overseas Bank Ltd.  

 

43,448 

 

607,787 

UOL Group Ltd.  

 

16,544 

 

46,790 

Venture Corp., Ltd.  

 

8,000 

 

61,739 

Wilmar International Ltd.*  

 

6,000 

 

18,364 

Wing Tai Holdings Ltd.  

 

17,966 

 

28,802 

(Cost $2,696,324)

 

**4,980,479**

 

 

 

 

**Spain 4.2%**

 
Abertis Infraestructuras SA  

 

8,878 

 

289,293 

Acciona SA  

 

998 

 

267,238 

Acerinox SA  

 

5,841 

 

161,929 

ACS, Actividades de Construccion y Servicios SA  

 

7,273 

 

414,083 

Antena 3 de Television SA  

 

2,383 

 

32,727 

Banco Bilbao Vizcaya Argentaria SA  

 

125,118 

 

2,755,542 

Banco de Sabadell SA  

 

14,753 

 

161,856 

Banco Popular Espanol SA  

 

28,352 

 

514,748 

Banco Santander SA  

 

207,088 

 

4,125,982 

Bankinter SA  

 

3,588 

 

56,918 

Cintra Concesiones de Infraestructuras de Transporte SA  

 

6,495 

 

96,063 

Criteria Caixacorp SA

 

19,730 

 

135,497 

Enagas  

 

4,912 

 

146,799 

Fomento de Construcciones y Contratas SA  

 

1,296 

 

85,305 

Gamesa Corporacion Tecnologica SA  

 

5,372 

 

245,102 

Gas Natural SDG SA  

 

3,983 

 

246,370 

Gestevision Telecinco SA  

 

3,997 

 

81,339 

Grupo Ferrovial SA  

 

1,974 

 

143,395 

Iberdrola Renovables*  

 

26,124 

 

181,841 

Iberdrola SA  

 

117,121 

 

1,815,763 

Iberia Lineas Aereas de Espana SA  

 

11,243 

 

48,990 

Indra Sistemas SA  

 

3,458 

 

99,578 

Industria de Diseno Textil SA  

 

7,667 

 

425,949 

Mapfre SA  

 

17,228 

 

86,481 

Promotora de Informaciones SA (Prisa)  

 

2,251 

 

33,898 

Red Electrica de Espana  

 

3,303 

 

202,222 

Repsol YPF SA  

 

26,840 

 

926,287 

Sacyr Vallehermoso SA  

 

3,290 

 

114,247 

Sogecable SA*  

 

1,251 

 

54,847 

Telefonica SA  

 

143,041 

 

4,110,030 

Union Fenosa SA  

 

3,621 

 

243,358 

Zardoya Otis SA  

 

3,496 

 

97,126 

Zeltia SA*  

 

3,554 

 

25,978 

(Cost $9,640,459)

 

**18,426,781**

**Sweden 2.4%**

 
Alfa Laval AB  

 

2,300 

 

140,017 

Assa Abloy AB "B"  

 

10,300 

 

187,195 

Atlas Copco AB "A"  

 

22,526 

 

385,496 

Atlas Copco AB "B"  

 

13,452 

 

211,501 

Axfood AB  

 

500 

 

17,811 

Billerud AB  

 

1,000 

 

11,377 

Boliden AB  

 

10,200 

 

108,615 

Castellum AB*  

 

4,800 

 

58,667 

Electrolux AB "B"  

 

9,285 

 

152,652 

Eniro AB  

 

8,000 

 

58,155 

Fabege AB  

 

5,790 

 

61,989 

Getinge AB “B”* 

 

356 

 

9,257 

Getinge AB "B"  

 

5,700 

 

147,848 

Hennes & Mauritz AB "B"  

 

17,250 

 

1,061,256 

Hoganas AB "B"  

 

600 

 

14,262 

Holmen AB "B"  

 

1,900 

 

65,702 

Husqvarna AB "B"  

 

12,385 

 

149,321 

Investor AB "B"  

 

6,200 

 

139,771 

 

 

 

 

Lundin Petroleum AB*  

 

4,600 

 

62,608 

Modern Times Group MTG AB "B"  

 

1,700 

 

118,588 

Nordea Bank AB  

 

74,814 

 

1,214,311 

Oriflame Cosmetics SA (SDR)  

 

400 

 

26,585 

Sandvik AB  

 

31,125 

 

541,853 

Scania AB "B"  

 

14,000 

 

294,023 

Securitas AB "B"  

 

10,591 

 

140,098 

Securitas Systems AB "B"  

 

11,900 

 

34,690 

Skandinaviska Enskilda Banken AB "A"  

 

17,934 

 

470,224 

Skanska AB "B"  

 

11,100 

 

222,632 

SKF AB "B"  

 

13,700 

 

275,980 

SSAB Svenskt Stal AB "A"  

 

6,562 

 

184,841 

SSAB Svenskt Stal AB "B"  

 

937 

 

24,102 

Svenska Cellulosa AB "B"  

 

18,998 

 

346,053 

Svenska Handelsbanken AB "A"  

 

16,183 

 

471,807 

Swedbank AB "A"  

 

4,300 

 

120,680 

Swedish Match AB  

 

9,065 

 

197,532 

Tele2 AB "B"  

 

10,300 

 

194,777 

Telefonaktiebolaget LM Ericsson "B"  

 

532,300 

 

1,046,074 

TeliaSonera AB  

 

83,732 

 

672,695 

Trelleborg AB "B"  

 

2,300 

 

45,954 

Volvo AB "A"  

 

16,550 

 

246,972 

Volvo AB "B"  

 

39,100 

 

593,375 

Wihlborgs Fastigheter AB  

 

1,158 

 

26,497 

(Cost $5,307,155)

 

**10,553,843**

**Switzerland 7.5%**

 
ABB Ltd. (Registered)  

 

76,519 

 

2,060,581 

Actelion Ltd. (Registered)*  

 

2,742 

 

149,605 

Adecco SA (Registered)  

 

4,509 

 

260,651 

Ciba Specialty Chemicals AG (Registered)  

 

2,786 

 

101,591 

Compagnie Financiere Richemont SA "A" (Unit)  

 

18,034 

 

1,012,731 

Credit Suisse Group (Registered)  

 

36,493 

 

1,857,091 

Geberit AG (Registered)  

 

1,370 

 

204,138 

Givaudan SA (Registered)  

 

190 

 

187,953 

Holcim Ltd. (Registered)  

 

7,213 

 

757,425 

Julius Baer Holding AG (Registered)  

 

3,799 

 

280,383 

Kudelski SA (Bearer)  

 

1,000 

 

14,678 

Kuehne & Nagel International AG (Registered)  

 

1,506 

 

151,079 

Kuoni Reisen AG (Registered) "B"  

 

46 

 

25,536 

Lindt & Spruengli AG  

 

19 

 

63,147 

Logitech International SA (Registered)*  

 

4,867 

 

123,177 

Lonza Group AG (Registered)  

 

1,331 

 

176,657 

Nestle SA (Registered)  

 

13,551 

 

6,774,311 

Nobel Biocare Holding AG  

 

100 

 

22,900 

Nobel Biocare Holding AG (Bearer)  

 

809 

 

188,317 

Novartis AG (Registered)  

 

80,168 

 

4,110,941 

OC Oerlikon Corp. AG (Registered)*  

 

276 

 

97,114 

PSP Swiss Property AG*  

 

978 

 

66,025 

Rieter Holding AG (Registered)  

 

95 

 

36,345 

Roche Holding AG (Genusschein)  

 

24,260 

 

4,567,875 

Schindler Holding AG  

 

1,223 

 

91,656 

SGS SA (Registered)  

 

171 

 

246,030 

Sonova Holding AG (Registered)  

 

1,615 

 

148,125 

STMicroelectronics NV  

 

24,790 

 

263,724 

 

 

 

 

Straumann SA (Registered)  

 

150 

 

42,832 

Sulzer AG (Registered)  

 

121 

 

159,956 

Swatch Group AG (Bearer)  

 

1,155 

 

308,716 

Swatch Group AG (Registered)  

 

1,800 

 

92,422 

Swiss Life Holding (Registered)*  

 

1,044 

 

290,402 

Swiss Re (Registered)  

 

11,818 

 

1,033,272 

Swisscom AG (Registered)  

 

780 

 

267,355 

Syngenta AG (Registered)  

 

3,677 

 

1,076,954 

Synthes, Inc.  

 

1,902 

 

265,995 

UBS AG (Registered)  

 

72,021 

 

2,096,241 

Xstrata PLC  

 

21,309 

 

1,492,205 

Zurich Financial Services AG (Registered)  

 

5,090 

 

1,604,428 

(Cost $18,604,230)

 

**32,770,564**

**United Kingdom 18.6%**

 
3i Group PLC  

 

13,118 

 

216,055 

Acergy SA  

 

6,700 

 

143,280 

Aggreko PLC  

 

4,341 

 

55,791 

Alliance & Leicester PLC  

 

4,864 

 

50,034 

AMEC PLC  

 

11,299 

 

162,214 

Anglo American PLC  

 

44,619 

 

2,680,662 

Antofagasta PLC  

 

5,141 

 

71,505 

ARM Holdings PLC  

 

42,554 

 

74,304 

Arriva PLC  

 

4,714 

 

64,169 

Associated British Foods PLC  

 

4,857 

 

84,333 

AstraZeneca PLC  

 

49,375 

 

1,845,919 

Aviva PLC  

 

89,425 

 

1,095,728 

BAE Systems PLC  

 

115,431 

 

1,111,490 

Balfour Beatty PLC  

 

14,188 

 

132,601 

Barclays PLC  

 

224,088 

 

2,028,843 

Barratt Developments PLC  

 

9,665 

 

79,296 

BBA Aviation PLC  

 

13,782 

 

41,157 

Berkeley Group Holdings PLC*  

 

3,365 

 

74,386 

BG Group PLC  

 

112,006 

 

2,593,814 

BHP Billiton PLC  

 

76,233 

 

2,261,226 

Biffa PLC  

 

8,394 

 

58,098 

Bovis Homes Group PLC  

 

3,176 

 

38,191 

BP PLC  

 

636,902 

 

6,448,848 

British Airways PLC*  

 

20,939 

 

97,219 

British American Tobacco PLC  

 

51,241 

 

1,922,848 

British Energy Group PLC  

 

35,143 

 

455,035 

British Land Co. PLC (REIT)  

 

18,131 

 

330,072 

British Sky Broadcasting Group PLC  

 

38,549 

 

427,201 

Brixton PLC  

 

6,007 

 

39,335 

BT Group PLC  

 

265,771 

 

1,145,725 

Bunzl PLC  

 

10,766 

 

151,578 

Burberry Group PLC  

 

14,663 

 

131,078 

Cadbury Schweppes PLC  

 

70,192 

 

770,961 

Capita Group PLC  

 

20,252 

 

272,671 

Carnival PLC  

 

5,528 

 

221,525 

Carphone Warehouse PLC  

 

10,867 

 

61,455 

Cattles PLC  

 

7,277 

 

33,427 

Centrica PLC  

 

120,659 

 

714,119 

Charter PLC*  

 

4,272 

 

72,056 

Close Brothers Group PLC  

 

2,336 

 

28,563 

 

 

 

 

Cobham PLC  

 

35,339 

 

140,252 

Compass Group PLC  

 

63,849 

 

408,284 

Cookson Group PLC  

 

5,282 

 

69,595 

CSR PLC*  

 

3,281 

 

21,224 

Daily Mail & General Trust "A"  

 

8,909 

 

76,415 

Davis Service Group PLC  

 

3,601 

 

35,300 

De La Rue PLC  

 

2,529 

 

44,490 

Diageo PLC  

 

87,970 

 

1,773,542 

DSG International PLC  

 

67,855 

 

85,496 

Electrocomponents PLC  

 

11,280 

 

40,680 

Enterprise Inns PLC  

 

17,192 

 

136,784 

FirstGroup PLC  

 

14,978 

 

167,567 

FKI PLC  

 

16,691 

 

23,102 

Friends Provident PLC  

 

55,115 

 

134,936 

G4S PLC  

 

38,987 

 

176,190 

Galiform PLC*  

 

10,649 

 

16,754 

GKN PLC  

 

21,368 

 

128,999 

GlaxoSmithKline PLC  

 

185,156 

 

3,923,674 

Great Portland Estates PLC  

 

4,642 

 

48,774 

Hammerson PLC  

 

9,534 

 

210,754 

Hays PLC  

 

48,724 

 

110,463 

HBOS PLC  

 

123,592 

 

1,373,174 

Home Retail Group PLC  

 

28,789 

 

149,242 

HSBC Holdings PLC  

 

397,700 

 

6,550,085 

ICAP PLC  

 

16,962 

 

191,470 

IMI PLC  

 

11,801 

 

106,920 

Imperial Tobacco Group PLC  

 

23,124 

 

1,063,746 

Inchcape PLC  

 

16,109 

 

128,500 

InterContinental Hotel Group PLC  

 

10,738 

 

162,265 

International Power PLC  

 

52,728 

 

416,436 

Intertek Group PLC  

 

2,661 

 

54,493 

Invensys PLC*  

 

24,603 

 

109,914 

Investec PLC  

 

11,827 

 

79,434 

ITV PLC  

 

130,916 

 

164,441 

J Sainsbury PLC  

 

51,435 

 

350,078 

Johnson Mathey PLC  

 

7,439 

 

295,973 

Kazakhmys PLC  

 

2,759 

 

87,426 

Kesa Electricals PLC  

 

14,930 

 

60,952 

Kingfisher PLC  

 

80,883 

 

211,820 

Ladbrokes PLC  

 

18,509 

 

114,317 

Land Securities Group PLC  

 

15,282 

 

457,594 

Legal & General Group PLC  

 

220,377 

 

552,746 

Liberty International PLC  

 

8,316 

 

160,971 

Lloyds TSB Group PLC  

 

187,159 

 

1,679,100 

LogicaCMG PLC  

 

50,547 

 

106,068 

London Stock Exchange Group PLC  

 

5,196 

 

124,548 

Lonmin PLC  

 

2,294 

 

139,790 

Man Group PLC  

 

55,773 

 

613,632 

Marks & Spencer Group PLC  

 

55,824 

 

428,931 

Meggitt PLC  

 

19,017 

 

104,060 

Meinl European Land Ltd.*  

 

10,913 

 

124,795 

Misys PLC  

 

15,595 

 

42,857 

Mondi PLC  

 

12,896 

 

106,963 

National Express Group PLC  

 

3,467 

 

69,137 

National Grid PLC  

 

85,705 

 

1,176,071 

 

 

 

 

Next PLC  

 

7,135 

 

161,259 

Old Mutual PLC  

 

171,616 

 

376,276 

Pearson PLC  

 

26,492 

 

357,965 

Persimmon PLC  

 

9,981 

 

151,504 

Premier Farnell PLC  

 

7,443 

 

26,325 

Prudential PLC  

 

80,718 

 

1,065,851 

Punch Taverns PLC  

 

9,513 

 

101,669 

Rank Group PLC  

 

11,931 

 

20,893 

Reckitt Benckiser Group PLC  

 

19,895 

 

1,101,881 

Reed Elsevier PLC  

 

36,123 

 

460,350 

Rentokil Initial PLC  

 

61,382 

 

118,509 

Reuters Group PLC  

 

41,451 

 

477,072 

Rexam PLC  

 

20,867 

 

176,597 

Rio Tinto PLC  

 

33,591 

 

3,487,655 

Rolls-Royce Group PLC*  

 

59,705 

 

477,446 

Rolls-Royce Group PLC "B"*  

 

5,349,568 

 

10,617 

Royal & Sun Alliance Insurance Group PLC  

 

107,423 

 

274,338 

Royal Bank of Scotland Group PLC  

 

336,233 

 

2,249,730 

SABMiller PLC  

 

31,180 

 

683,040 

Schroders PLC  

 

3,819 

 

71,081 

Scottish & Newcastle PLC  

 

25,870 

 

405,654 

Scottish & Southern Energy PLC  

 

28,400 

 

791,537 

Segro PLC (REIT)  

 

13,604 

 

137,127 

Serco Group PLC  

 

16,202 

 

145,885 

Severn Trent PLC  

 

7,111 

 

200,237 

Shire PLC  

 

8,516 

 

164,578 

Signet Group PLC  

 

55,336 

 

67,802 

Smith & Nephew PLC  

 

29,935 

 

395,919 

Smiths Group PLC  

 

13,067 

 

243,742 

SSL International PLC  

 

3,036 

 

27,321 

Stagecoach Group PLC  

 

12,780 

 

61,371 

Standard Chartered PLC  

 

24,209 

 

827,107 

Standard Life PLC  

 

69,304 

 

338,623 

Tate & Lyle PLC  

 

15,030 

 

161,052 

Taylor Wimpey PLC  

 

36,431 

 

135,537 

Tesco PLC  

 

263,578 

 

1,990,947 

The Sage Group PLC  

 

43,592 

 

162,708 

Thomas Cook Group PLC*  

 

15,210 

 

87,461 

Tomkins PLC  

 

28,347 

 

100,543 

Travis Perkins PLC  

 

3,582 

 

76,194 

Trinity Mirror PLC  

 

8,191 

 

47,948 

Tui Travel PLC*  

 

14,230 

 

72,775 

Tullett Prebon PLC  

 

4,955 

 

46,825 

Tullow Oil PLC  

 

22,651 

 

296,884 

Unilever PLC  

 

42,986 

 

1,450,295 

United Business Media PLC  

 

7,221 

 

77,232 

United Utilities PLC  

 

30,898 

 

423,362 

Vedanta Resources PLC  

 

1,924 

 

80,013 

Vodafone Group PLC  

 

1,785,836 

 

5,347,428 

Whitbread PLC  

 

6,446 

 

149,272 

William Hill PLC  

 

11,248 

 

83,866 

William Morrison Supermarkets PLC  

 

37,488 

 

205,048 

Wolseley PLC  

 

22,364 

 

234,908 

WPP Group PLC  

 

37,665 

 

449,176 

 

 

 

 

Yell Group PLC  

 

27,929 

 

85,342 

(Cost $57,918,573)

 

**81,039,813**

**Total Common Stocks** (Cost $272,194,364)

 

**418,303,841**

 

**Warrants 0.0%**

 
**Japan**

 
Dowa Holdings Co., Ltd. Expiration Date 1/29/2010*  (Cost $0)

 

9,000 

 

**2,002**

 

**Preferred Stocks 0.4%**

 
**Germany 0.4%**

 
Fresenius SE  

 

1,054 

 

87,736 

Henkel KGaA  

 

6,141 

 

283,778 

Porsche Automobil Holding SE  

 

2,900 

 

532,200 

ProSiebenSat. 1 Media AG  

 

3,181 

 

68,761 

RWE AG  

 

1,157 

 

109,712 

Volkswagen AG  

 

3,453 

 

573,405 

(Cost $748,353)

 

**1,655,592**

**Italy 0.0%**

 
IFI-Istituto Finanziario Industriale SpA*  

 

1,427 

 

39,440 

Unipol Gruppo Finanziario SpA  

 

27,828 

 

79,834 

(Cost $133,296)

 

**119,274**

**Total Preferred Stocks** (Cost $881,649)

 

**1,774,866**

 

**Rights 0.0%**

 
**Australia**

 
Iluka Resources, Expiration Date 4/8/2009*  (Cost $0)

 

1,473 

 

**2,827**

 

**Cash Equivalents 2.4%**

 
Cash Management QP Trust, 2.84%  (c)(Cost $10,477,255)

 

 

10,477,255

 

**10,477,255**

 

**% of****Net Assets**

 

**Value ($)**

**Total Investment Portfolio** (Cost $283,553,268) †

99.1

 

**430,560,791**

**Other Assets and Liabilities, Net**

0.9

 

**4,107,661**

**Net Assets**

100.0

 

**434,668,452**

 

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.*

***

*Non-income producing security.*

*†*

*The cost for federal income tax purposes was $291,680,141.  At March 31, 2008, net unrealized appreciation for all securities based on tax cost was $138,880,650.  This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $160,241,792 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $21,361,142.*

*(a)*

*Securities with the same description are the same corporate entity but trade on different stock exchanges.*

*(b)*

*Affiliated issuer.  This security is shown in proportion with its representation in the index.*

*(c)*

*Affiliated fund managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.*

*CVA: Certificaten Van Aandelen*

*FDR: Fiduciary Depositary Receipt*

*PPS: Price Protected Shares*

*REIT: Real Estate Investment Trust*

 

 

 

 

*RNC: Riparmio Non-Convertible (Non-Convertible Savings Shares)*

*SDR: Swedish Depositary Receipt*

*At March 31, 2008, open futures contracts purchased were as follows:*

**Futures**

 

**Expiration****Date**

 

**Contracts**

 

**Aggregated****Face****Value ($)**

 

**Value ($)**

 

**Unrealized****Appreciation/****(Depreciation) ($)**

 

DJ Euro Stoxx 50 Index  

 

6/20/2008 

 

131 

 

7,231,040 

 

7,339,903 

 

108,863

 
FTSE 100 Index 

 

6/20/2008 

 

35 

 

3,956,257 

 

3,965,283 

 

9,026

 
Hang Seng Stock Index  

 

4/29/2008 

 

4 

 

574,918 

 

581,550 

 

6,632

 
SPI 200 Index 

 

6/19/2008 

 

11 

 

1,330,478 

 

1,356,136 

 

25,658

 
TOPIX Index

 

6/13/2008

 

26

 

3,197,154

 

3,170,445

 

(26,709)

 
**Total net unrealized appreciation**

 

**123,470**

 
 

*As of March 31, 2008, the Fund had the following open forward foreign exchange contracts:*

***Contracts to Deliver*****

***In Exchange For*****

***Settlement Date*****

***Unrealized***

***Appreciation*****

 
*USD***

*2,400,000***

*EUR***

*1,542,684***

*6/18/2008***

*26,842***

 
*USD***

*800,000***

*EUR***

*509,580***

*6/18/2008***

*1,635***

 
*USD***

*1,810,000***

*EUR***

*1,150,946***

*6/18/2008***

*588***

 
*GBP***

*201,210***

*USD***

*400,000***

*6/18/2008***

*3,141***

 
*USD***

*300,000***

*HKD***

*2,330,220***

*6/18/2008***

*27***

 
*USD***

*1,700,000***

*JPY***

*169,631,100***

*6/18/2008***

*9,348***

 
***Total unrealized appreciation*****

 **

 **

***41,581*****

 
 

 

 

 

 

 

 
 

 

 

 

 

 

 
 

 

 

 

 

 

 
***Contracts to Deliver*****

***In Exchange For*****

***Settlement Date*****

***Unrealized Depreciation*****

 
*USD***

*150,000***

*AUD***

*162,091***

*6/18/2008***

*(3,443)***

 
*USD***

*160,000***

*AUD***

*175,947***

*6/18/2008***

*(916)***

 
*USD***

*1,800,000***

*GBP***

*891,532***

*6/18/2008***

*(41,576)***

 
*USD***

*730,000***

*GBP***

*365,143***

*6/18/2008***

*(9,805)***

 
*USD***

*240,000***

*JPY***

*23,689,368***

*6/18/2008***

*(1,285)***

 
***Total unrealized depreciation*****

 **

 **

***(57,025)*****

 
 

***Currency Abbreviations*****

 

 

*AUD***

*Australian Dollar***

*HKD***

*Hong Kong Dollar***

 
*EUR***

*Euro***

*JPY***

*Japanese Yen***

 
*GBP***

*British Pound***

*USD***

*United States Dollar***

 
 

*At March 31, 2008, the DWS EAFE Equity Index Fund had the following sector diversification:*

 

***Sector*****

***Market Value ($)*****

* *

***As a % of Common and Preferred Stocks*****

*Financials***

* *

*110,587,440***

* *

*26.4***

*%***

*Industrials***

* *

*51,542,512***

* *

*12.3***

*%***

*Consumer Discretionary***

* *

*44,874,929***

* *

*10.7***

*%***

*Materials***

* *

*44,621,979***

* *

*10.6***

*%***

 

 

 

 

*Consumer Staples***

* *

*37,480,810***

* *

*8.9***

*%***

*Energy***

* *

*32,298,450***

* *

*7.7***

*%***

*Health Care***

* *

*27,483,580***

* *

*6.5***

*%***

*Utilities***

* *

*25,194,919***

* *

*6.0***

*%***

*Telecommunication Services***

* *

*24,044,176***

* *

*5.7***

*%***

*Information Technology***

* *

*21,949,912***

* *

*5.2***

*%***

***Total Common and Preferred Stocks*****

***420,078,707*****

* *

***100.0*****

***%*****

 

*The following is a summary of the inputs used as of March 31, 2008 in valuing the Fund’s assets carried at fair value:*

 

**Valuation Inputs**

**Investments in  Securities at**

**Value**

**Net Unrealized Appreciation/Depreciation on Other Financial Instruments***

Level 1 - Quoted Prices

$                  10,477,255   

$                   123,470   

Level 2 - Other Significant

420,083,536   

(15,444)   

Observable Inputs

Level 3 - Significant

-   

-   

Unobservable Inputs

**Total**

**$                430,560,791**

**$                 108,026**

 

** Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as future contracts, forward foreign currency exchange contracts , which are valued at the unrealized appreciation/depreciation on the instrument.*

 

*The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157"), effective January 1, 2008, which governs the application of generally accepted accounting principles that require fair value measurements of the Fund’s assets and liabilities.  Fair value is an estimate of  the price the Fund would receive upon selling a security in a timely transaction to an independent buyer in the principal or most advantageous market of the security. FAS 157 established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherentin a particular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.*

 

*Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels as follows:*

 

 

**•**

*Level 1 – quoted prices in active markets for identical securities*

 

**•**

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

 

**•**

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

 

*For Level 1 inputs, the Fund uses unadjusted quoted prices in active markets for assets or liabilities with sufficient frequency and volume to provide pricing information as the most reliable evidence of fair value.  The Fund’s Level 2 valuation techniques include inputs other than quoted prices within Level 1 that are observable for an asset or liability, either directly or indirectly.  Level 2 observable inputs may include quoted prices for similar assets and liabilities in active markets or quoted prices for identical or similar assets or liabilities in markets that are not active in which there are few transactions, the prices are not current, or price quotations vary substantially over time or among market participants.  Inputs that are observable for the asset or liability in Level 2 include such factors as interest rates, yield curves, prepayment speeds, credit risk, and default rates forsimilar liabilities.  For Level 3 valuation techniques, the Fund uses unobservable inputs that reflect assumptions market participants would be expected to use in pricing the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available and are developed based on the best information available under the circumstances.  In developing unobservable inputs, market participant assumptions are used if they are reasonably available without undue cost and effort.*

 

*The Fund may record changes to valuations based on the amount that might reasonably be expected to receive for a security upon its current sale consistent with the fair value measurement objective.  Each determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another.  Examples of such factors may include, but are not limited to the type of the security, the existence of any contractual restrictions on the security’s disposition, the price and extent of public trading in similar securities of the issue or of comparable companies, quotations or evaluated prices from broker-dealers and/or pricing services, information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), an*

 

 

*analysis of the company’s financial statements, an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold, and with respect to debt securities, the maturity, coupon, creditworthiness, currency denomination, and the movement of the market in which the security is normally traded.   Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value determined upon sale of those investments.*

 

 

 

 

 

**ITEM 2.**

**CONTROLS AND PROCEDURES**

 

 

 

(a)          The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

 

 

 

(b)          There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

 

 

**ITEM 3.**

**EXHIBITS**

 

 

 

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

 

 

**SIGNATURES**

 

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

 

Registrant: 

DWS EAFE Equity Index Fund, a series of DWS Institutional Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

May 14, 2008

 

 

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.

 

Registrant: 

DWS EAFE Equity Index Fund, a series of DWS Institutional Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

May 14, 2008

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                        May 14, 2008

 

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