Merrill Lynch International Investment Funds Audited Annual Report ...

World Mining Fund
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$) %
COMMON / PREFERRED STOCKS (SHARES) & WARRANTS
Australia
45,000,000 Alumina 225,373,252 3.13
3,600,000 Aquila Resources 9,612,134 0.13
1,200,000 Energy Resources of Australia 19,717,197 0.27
21,500,000 Gindalbie Metals 12,653,053 0.18
8,000,000 Iluka Resources 42,025,436 0.58
2,000,000 Minara Resources 9,242,436 0.13
5,000,000 Murchison Metals 4,858,204 0.07
32,500,000 Oxiana* 81,384,785 1.13
1,500,000 Paladin Resources* 10,545,857 0.15
2,000,000 Perilya 8,657,872 0.12
5,275,605 Riversdale Mining 8,960,069 0.12
4,000,000 Straits Resources 11,154,120 0.15
16,000,000 Zinifex
___________
237,491,113
______
3.30
___________
681,675,528
______
9.46
Bermuda
7,658,000 Griffin Mining
___________
16,160,876
______
0.22
Brazil
1,000,000 Bradespar (Pref) 47,306,792 0.66
2,057,500 Cia Vale do Rio Doce (Pref) 52,136,183 0.72
22,700,000 Cia Vale do Rio Doce ADR
___________
575,445,000
______
7.98
___________
674,887,975
______
9.36
Canada
1,500,000 Aber Diamond* 54,626,518 0.76
4,550,000 Alcan 220,720,500 3.06
4,800,000 Amerigo Resources 8,891,186 0.12
2,050,000 AUR Resources 41,770,053 0.58
2,850,000 Barrick Gold 87,352,500 1.21
2,270,000 Cameco 91,605,755 1.27
6,500,000 Chariot Resources* 3,304,041 0.05
1,560,000 First Quantum Minerals 81,850,607 1.14
250,000 FNX Mining 3,879,125 0.05
1,600,000 Goldcorp* 45,489,791 0.63
380,000 Ivanhoe Mines 3,758,422 0.05
2,600,000 Ivernia 3,225,640 0.05
1,000,000 Kinross Gold 11,906,608 0.17
2,500,000 LionOre Mining International* 28,280,348 0.39
1,098,310 Platmin 5,411,775 0.08
4,639,000 Spur Ventures 2,358,068 0.03
752,000 Spur Ventures (Wts 28/7/2007) 129,577 0.00
4,300,000 Teck Cominco 'B'* 320,675,454 4.45
1,725,000 Uranium Participation 16,548,341 0.23
275,000 Uranium Participation (Wts 14/9/2008) 971,397 0.01
1,500,000 UrAsia Energy
___________
6,926,854
______
0.10
1,039,682,560
___________ ______
14.43
China
60,000,000 China Shenhua Energy 'H' 144,503,911 2.00
30,000,000 Jiangxi Copper 'H' 30,529,539 0.42
80,000,000 Zijin Mining Group
___________
55,887,196
______
0.78
___________
230,920,646
______
3.20
France
480,675 Eramet
___________
76,352,936
______
1.06
Transferable Securities Admitted to an Official Stock Exchange
Listing or Dealt in on Another Regulated Market
Holding Description Value (US$) %
Isle of Man
800,000 Nikanor
___________
9,579,898
______
0.13
Mexico
17,000,000 Grupo Mexico SAB de CV 'B'
___________
62,484,336
______
0.87
Peru
2,750,000 Cia de Minas Buenaventura ADR 76,395,000 1.06
5,043,364 Minsur 10,586,359 0.15
1,300,000 Sociedad Minera Cerro Verde
___________
18,525,000
______
0.26
___________
105,506,359
______
1.47
Russian Federation
1,850,000 MMC Norilsk Nickel ADR
___________
292,300,000
______
4.06
South Africa
4,900,000 African Rainbow Minerals 70,808,235 0.98
1,850,000 Anglo Platinum* 226,582,848 3.14
250,000 AngloGold Ashanti 11,803,399 0.16
331,943 AngloGold Ashanti ADR* 15,481,821 0.22
6,850,905 Gold Fields 130,121,420 1.81
4,149,095 Gold Fields ADR* 77,629,567 1.08
4,812,162 Harmony Gold Mining 76,561,661 1.06
4,187,838 Harmony Gold Mining ADR* 65,665,300 0.91
16,000,000 Impala Platinum Holdings* 421,215,286 5.85
3,000,000 Kumba Iron Ore 47,751,563 0.66
2,400,000 Kumba Resources 19,229,394 0.27
8,050,000 Metorex 18,658,521 0.26
300,000 Palabora Mining
___________
2,468,058
______
0.03
1,183,977,073
___________ ______
16.43
United Kingdom
9,000,000 Anglo American 440,106,007 6.11
6,000,000 Antofagasta 59,952,886 0.83
2,015,000 Aquarius Platinum (UK Listing) 43,867,982 0.61
18,000,000 Aricom 21,908,127 0.30
23,000,000 BHP Billiton 421,937,574 5.86
3,500,000 Kazakhmys 76,266,196 1.06
2,521,066 Merrill Lynch World Mining Trust
(Wts 27/2/2009) 2,412,681 0.03
10,000,000 Rio Tinto 533,568,905 7.40
3,800,000 Vedanta Resources 91,083,628 1.26
8,000,000 Xstrata
___________
400,471,142
______
5.56
2,091,575,128
___________ ______
29.02
United States
9,150,000 Alcoa 273,219,000 3.79
2,000,000 Freeport-McMoRan Copper & Gold 'B' 111,240,000 1.54
700,000 Newmont Mining 31,696,000 0.44
1,500,000 Peabody Energy 61,290,000 0.85
2,300,000 Southern Copper
___________
123,395,000
______
1.71
___________
600,840,000
______
8.33
Total Transferable Securities Admitted
to an Official Stock Exchange Listing or
Dealt in on Another Regulated Market 7,065,943,315
___________ ______
98.04
( * ) Securities lent, see Note 13 for further details.
210 Merrill Lynch International Investment Funds