Merrill Lynch International Investment Funds Audited Annual Report ...

US Dollar Core Bond Fund continued
Portfolio of Investments 31 December 2006
Transferable Securities Admitted to an Official Stock Exchange
Listing or Dealt in on Another Regulated Market
Holding Description Value (US$) %
US$1,525,000 Capco America Securitization
'1998-D7 A1B' 6.26% 15/10/2030 1,543,829 0.69
US$1,900,000 Carrington Mortgage Loan Trust
'2006-NC5 A1' FRN 25/1/2037 1,901,046 0.84
US$1,280,000 Chase Commercial Mortgage
Securities '1999-2 A2' 7.198%
15/1/2032 1,336,705 0.59
US$300,000 Citigroup 5.625% 27/8/2012 306,210 0.14
US$15,000 Comcast 5.85% 15/1/2010 15,228 0.01
US$345,000 Comcast 6.5% 15/1/2017 361,110 0.16
US$100,000 Consolidated Natural Gas 'A' 5%
1/12/2014 96,407 0.04
US$235,000 Continental Airlines '02-1' 6.563%
15/2/2012 243,338 0.11
US$1,767,372 Countrywide Alternative Loan Trust
'2006-OC9 A1' FRN 25/9/2035 1,768,771 0.79
US$50,059 Countrywide Asset-Backed Certificates
'2003-BC3 A2' FRN 25/9/2033 50,091 0.02
US$300,000 Countrywide Asset-Backed Certificates
'2004-13 AF4' 4.583% 25/1/2033 296,073 0.13
US$300,000 Countrywide Asset-Backed Certificates
'2004-13 MF1' 5.071% 25/4/2035 293,827 0.13
US$111,908 Countrywide Asset-Backed Certificates
'2004-5 A' FRN 25/10/2034 113,150 0.05
US$2,012,884 Countrywide Asset-Backed Certificates
'2006-20 2A1' FRN 25/4/2037 2,014,137 0.89
US$1,425,000 Countrywide Asset-Backed Certificates
'2006-22 2A1' FRN 25/5/2037 1,425,887 0.63
US$1,426,618 Countrywide Asset-Backed Certificates
'2006-IM1 A1' FRN 25/4/2036 1,427,671 0.63
US$185,000 COX Communications 7.125%
1/10/2012 197,727 0.09
US$206,292 Credit-Based Asset Servicing and
Securitization '2005-CB2 AV2'
FRN 25/4/2036 206,466 0.09
US$1,485,939 CS First Boston Mortgage Securities
'2002-CP5 A1' 4.106% 15/12/2035 1,451,230 0.64
US$1,320,000 CW Capital Cobalt '2006-C1 A4'
5.223% 15/8/2048 1,305,850 0.58
US$1,900,000 Daimler Chrysler Auto Trust
'2004-B A4' 3.71% 8/10/2009 1,875,234 0.83
US$1,775,000 Daimler Chrysler Auto Trust
'2006-D A3' 4.98% 8/2/2011 1,770,008 0.79
US$165,000 Developers Diversified Realty
5.375% 15/10/2012 163,775 0.07
US$105,000 Developers Diversified Realty MTN
6.625% 15/1/2008 106,192 0.05
US$1,318,704 DLJ Commercial Mortgage
'1998-CG1 A1B' 6.41% 10/6/2031 1,331,485 0.59
US$555,000 Fannie Mae 7.125% 15/1/2030 699,729 0.31
US$5,520,288 Fannie Mae Interest Strip '360 2' 5%
1/8/2035 1,324,293 0.59
US$2,650,000 Fannie Mae Interest Strip '378 5' 5%
1/7/2036 551,741 0.24
US$6,100 Fannie Mae 'O' 7% 31/12/2007
(Perpetual) 320,250 0.14
US$24,885 Fannie Mae Pool '224275' 6%
1/7/2008 24,951 0.01
US$849,196 Fannie Mae Pool '256114' 4.5%
1/1/2021 819,607 0.36
US$904,209 Fannie Mae Pool '256154' 5%
1/3/2021 889,421 0.39
US$41,866 Fannie Mae Pool '256209' 4.5%
1/4/2021 40,409 0.02
Transferable Securities Admitted to an Official Stock Exchange
Listing or Dealt in on Another Regulated Market
Holding Description Value (US$) %
US$6,887,920 Fannie Mae Pool '256271' 6.5%
1/6/2036 7,018,073 3.12
US$1,819,163 Fannie Mae Pool '256436' 6%
1/10/2036 1,831,954 0.81
US$32,057 Fannie Mae Pool '273626' 6%
1/2/2009 32,523 0.01
US$27,812 Fannie Mae Pool '289232' 6%
1/8/2009 27,995 0.01
US$37,483 Fannie Mae Pool '332814' 6%
1/7/2009 37,582 0.02
US$37,909 Fannie Mae Pool '361040' 6%
1/6/2011 38,158 0.02
US$26,633 Fannie Mae Pool '420781' 6%
1/6/2013 27,065 0.01
US$53,300 Fannie Mae Pool '555250' 6%
1/2/2018 54,133 0.02
US$335,631 Fannie Mae Pool '679835' 6.5%
1/11/2032 343,331 0.15
US$4,632,743 Fannie Mae Pool '725594' 5.5%
1/7/2034 4,587,896 2.04
US$634,439 Fannie Mae Pool '725690' 6%
1/8/2034 639,474 0.28
US$833,297 Fannie Mae Pool '725704' 6%
1/8/2034 840,689 0.37
US$35,211 Fannie Mae Pool '729814' 5%
1/1/2019 34,715 0.02
US$104,206 Fannie Mae Pool '735389' 6.5%
1/12/2034 106,273 0.05
US$13,879 Fannie Mae Pool '789826' 5%
1/8/2035 13,417 0.01
US$933,189 Fannie Mae Pool '793181' 6%
1/7/2019 946,750 0.42
US$1,837,070 Fannie Mae Pool '794412' 6%
1/9/2019 1,863,724 0.83
US$915,024 Fannie Mae Pool '804967' 6%
1/1/2020 928,320 0.41
US$36,281 Fannie Mae Pool '813912' 5%
1/11/2020 35,692 0.02
US$498,005 Fannie Mae Pool '817840' 5%
1/11/2021 489,860 0.22
US$33,987 Fannie Mae Pool '821570' 6%
1/5/2020 34,466 0.01
US$37,918 Fannie Mae Pool '821758' 6%
1/6/2020 38,469 0.02
US$3,762,723 Fannie Mae Pool '835226' 5%
1/8/2020 3,701,653 1.64
US$62,068 Fannie Mae Pool '836147' 4.5%
1/9/2020 59,924 0.03
US$34,314 Fannie Mae Pool '836512' 4.5%
1/10/2020 33,128 0.01
US$291,763 Fannie Mae Pool '836865' 5%
1/11/2035 282,053 0.13
US$148,311 Fannie Mae Pool '845130' 4%
1/12/2020 139,736 0.06
US$824,745 Fannie Mae Pool '845139' 4.5%
1/12/2020 796,253 0.35
US$41,352 Fannie Mae Pool '845161' 5%
1/1/2021 40,681 0.02
US$39,053 Fannie Mae Pool '845167' 5%
1/1/2021 38,415 0.02
US$32,778 Fannie Mae Pool '845488' 5%
1/6/2021 32,242 0.01
US$43,827 Fannie Mae Pool '846447' 5%
1/3/2021 43,111 0.02
The notes on pages 213 to 219 form an integral part of these financial statements.
Audited Annual Report and Accounts 171