Reports Mailed to Shareholders (registered Investment Company) (n-30b-2)

Name	Symbol	Market	Type
Invesco BLDRS Asia 50 ADR Index Fund	NASDAQ:ADRA	NASDAQ	Exchange Traded Fund

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	34.7203	0.0001	4,294.67				0	01:00:00

THE BLDRS INDEX FUNDS TRUST

BLDRS ASIA 50 ADR INDEX FUND

BLDRS DEVELOPED MARKETS 100 ADR INDEX FUND

BLDRS EMERGING MARKETS 50 ADR INDEX FUND

BLDRS EUROPE SELECT ADR INDEX FUND

A UNIT INVESTMENT TRUST

ANNUAL REPORT

SEPTEMBER 30, 2012

"BLDRS" and "Baskets of Listed Depositary Receipts" are service marks of
The Bank of New York Mellon

BLDRS INDEX FUNDS TRUST

Table of Contents

The BLDRS Index Funds Trust

Introduction					1
Report of Independent Registered Public Accounting Firm					2
Schedules of Investments					3
Financial Statements					17
Financial Highlights					27
Notes to Financial Statements					31
Supplemental Information (Unaudited)					39

This page has been left blank intentionally.

THE BLDRS INDEX FUNDS TRUST

This annual report provides information about the four Funds. The BLDRS Asia 50 ADR Index Fund seeks to track The BNY Mellon Asia 50 ADR Index(SM); the BLDRS Developed Markets 100 ADR Index Fund seeks to track The BNY Mellon Developed Markets 100 ADR Index(SM); the BLDRS Emerging Markets 50 ADR Index Fund seeks to track The BNY Mellon Emerging Markets 50 ADR Index(SM); and the BLDRS Europe Select ADR Index Fund seeks to track The BNY Mellon Europe Select ADR Index(SM). Each Fund will normally hold at least 95% of its total assets in American Depositary Receipts that comprise its relevant benchmark BNY Mellon ADR Index, and will seek returns that correspond generally, before fees and expenses, to the price and yield performance of its relevant benchmark BNY Mellon ADR Index.

BLDRS Asia 50 ADR Index Fund

The BLDRS Asia 50 ADR Index Fund seeks to track The BNY Mellon Asia 50 ADR Index(SM). The BNY Mellon Asia 50 ADR Index includes 50 component American Depositary Receipts as of September 30, 2012 representing the securities issued by 50 of the most actively traded companies from the Asian markets having a free-float market capitalization ranging from approximately $3 billion to over $115 billion.

BLDRS Developed Markets 100 ADR Index Fund

The BLDRS Developed Markets 100 ADR Index Fund seeks to track The BNY Mellon Developed Markets 100 ADR Index(SM). The BNY Mellon Developed Markets 100 ADR Index includes 100 component American Depositary Receipts as of September 30, 2012 representing the securities issued by 100 of the most actively traded companies from the international developed markets having a free-float market capitalization ranging from approximately $450 million to over $175 billion.

BLDRS Emerging Markets 50 ADR Index Fund

The BLDRS Emerging Markets 50 ADR Index Fund seeks to track The BNY Mellon Emerging Markets 50 ADR Index(SM). The BNY Mellon Emerging Markets 50 ADR Index includes 50 component American Depositary Receipts as of September 30, 2012 representing the securities issued by 50 of the most actively traded companies from the international and emerging markets having a free-float market capitalization ranging from approximately $5 billion to over $58 billion.

BLDRS Europe Select ADR Index Fund

The BLDRS Europe Select ADR Index Fund (formally known as BLDRS Europe 100 ADR Index Fund) seeks to track The BNY Mellon Europe Select ADR Index(SM) (formally known as the BNY Mellon Europe 100 ADR Index (SM)). The BNY Mellon Europe Select ADR Index includes 83 component American Depositary Receipts as of September 30, 2012 representing the securities issued by 83 of the most actively traded companies from the European markets having a free-float market capitalization ranging from approximately $450 million to over $175 billion.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Sponsor, Trustee and Unitholders of the BLDRS Index Funds Trust

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of the BLDRS Index Funds Trust (the "Trust"), comprising of the BLDRS Asia 50 ADR Index Fund, the BLDRS Developed Markets 100 ADR Index Fund, the BLDRS Emerging Markets 50 ADR Index Fund and the BLDRS Europe Select ADR Index Fund (the "Funds"), as of September 30, 2012, and the related statements of operations and changes in net assets for each of the three years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Trust's management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust's internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of September 30, 2012 by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of each of the respective Funds constituting the BLDRS Index Funds Trust at September 30, 2012, the results of their operations and the changes in their net assets for each of the three years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

/s/ Ernst & Young LLP

New York, New York
January 15, 2013

BLDRS Asia 50 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments
September 30, 2012

American Depositary Receipts	Shares		Value
Toyota Motor Corp.		34,721	$	2,725,946
BHP Billiton Ltd.		37,604		2,580,010
Westpac Banking Corp.		14,421		1,850,647
Mitsubishi UFJ Financial Group, Inc.		331,575		1,541,824
China Mobile Ltd.		24,476		1,354,991
Honda Motor Co., Ltd.		42,207		1,304,196
Taiwan Semiconductor Manufacturing Co., Ltd.		71,378		1,129,200
Sumitomo Mitsui Financial Group, Inc.		165,556		1,023,136
Mizuho Financial Group, Inc.		283,200		914,736
Canon, Inc.		28,261		904,635
CNOOC Ltd.		3,793		768,955
Baidu, Inc.*		6,382		745,545
PetroChina Co., Ltd.		4,983		643,604
POSCO		7,822		637,806
Infosys Technologies Ltd.		11,348		550,832
NTT DoCoMo, Inc.		31,611		510,834
China Life Insurance Co., Ltd.		11,738		509,077
Nippon Telegraph & Telephone Corp.		20,680		490,323
Kyocera Corp.		4,542		392,838
Shinhan Financial Group Co., Ltd.		5,632		378,133
China Petroleum & Chemical Corp.		3,986		368,386
Panasonic Corp.		54,725		359,543
HDFC Bank Ltd.		9,164		344,383
Nomura Holdings, Inc.		90,920		323,675
KB Financial Group, Inc.		9,142		322,621
Chunghwa Telecom Co., Ltd.		9,124		289,687
Kubota Corp.		5,514		278,567
Sony Corp.		23,759		277,980
ICICI Bank Ltd.		6,728		270,062
Telekomunikasi Indonesia tbk PT		5,916		230,310
Nidec Corp.		12,247		225,222
China Telecom Corp. Ltd.		3,334		193,272
China Unicom Hong Kong Ltd.		10,297		167,944
Korea Electric Power Corp.*		13,305		165,248
LG Display Co., Ltd.*		10,816		135,957
Philippine Long Distance Telephone Co.		2,027		133,802
SK Telecom Co., Ltd.		8,689		126,338
United Microelectronics Corp.		59,469		121,912
Tata Motors Ltd.		4,623		118,719
Wipro Ltd.		13,240		118,498

BLDRS Asia 50 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

American Depositary Receipts	Shares		Value
Advanced Semiconductor Engineering, Inc.		29,461	$	109,890
NetEase, Inc.*		1,812		101,726
KT Corp.		6,318		98,814
Woori Finance Holdings Co., Ltd.		2,875		84,985
Siliconware Precision Industries Co.		14,469		79,724
Yanzhou Coal Mining Co., Ltd.		4,935		73,778
Mindray Medical International Ltd.		2,153		72,362
AU Optronics Corp.		19,265		67,042
Dr Reddy's Laboratories Ltd.		2,088		64,436
Ctrip.Com International Ltd.*		3,666		61,882
Total Investments (Cost $36,097,499)			$	26,344,033

* Non-income producing security for the year ended September 30, 2012.

The securities of the BLDRS Asia 50 ADR Index Fund (the "Fund") investment portfolio categorized by industry group, as a percentage of total investments at value, are as follows:

Industry Classification	Value		Percentage
Automobiles & Parts	$	4,030,142		15.30	%
Banks		7,054,202		26.78	%
Electricity		165,248		0.63	%
Electronic & Electrical Equipment		977,603		3.71	%
Fixed Line Telecommunications		782,408		2.97	%
Health Care Equipment & Services		72,362		0.27	%
Industrial Engineering		397,286		1.51	%
Industrial Metals & Minings		711,584		2.70	%
Leisure Goods		339,862		1.29	%
Life Insurance		509,077		1.93	%
Mining		2,580,011		9.79	%
Mobile Telecommunications		2,813,907		10.68	%
Oil & Gas Producers		1,780,945		6.76	%
Pharmaceuticals & Biotechnology		64,436		0.25	%
Software & Computer Services		1,516,601		5.76	%
Technology Hardware & Equipment		2,548,359		9.67	%
Total	$	26,344,033		100.00	%

BLDRS Asia 50 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below.

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)

The following is a summary of the inputs used as of September 30, 2012 in valuing the Fund's assets carried at fair value:

	Level 1			Level 2		Level 3		Total
Investments in Securities
American Depositary Receipts	$	26,344,033	⁺	$	—	$	—	$	26,344,033
Total	$	26,344,033		$	—	$	—	$	26,344,033

⁺ Please refer to the Industry Classification section of the Schedule of Investments for a breakdown of valuations by industry type.

See accompanying notes to financial statements.
5

BLDRS Developed Markets 100 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments
September 30, 2012

American Depositary Receipts	Shares		Value
HSBC Holdings PLC		48,558	$	2,256,005
Novartis AG		36,184		2,216,632
Vodafone Group PLC		65,748		1,873,489
BP PL C		42,421		1,796,954
Royal Dutch Shell PLC, Class A		24,526		1,702,350
Total SA		31,389		1,572,589
Toyota Motor Corp.		19,824		1,556,382
GlaxoSmithKline PLC		33,295		1,539,561
BHP Billiton Ltd.		21,470		1,473,057
Sanofi		32,861		1,414,995
British American Tobacco PLC		13,180		1,352,795
Royal Dutch Shell PLC, Class B		17,853		1,272,919
Siemens AG		11,123		1,113,968
Westpac Banking Corp.		8,233		1,056,541
Banco Santander SA		132,162		985,929
Diageo PLC		8,377		944,339
Novo Nordisk A/S		5,840		921,610
Anheuser-Busch InBev NV		10,700		919,237
SAP AG		12,456		888,486
BHP Billiton PLC		14,120		881,935
Mitsubishi UFJ Financial Group, Inc.		189,310		880,291
Unilever NV		22,927		813,450
AstraZeneca PLC		16,694		798,975
ENI SpA		17,979		788,199
Rio Tinto PLC		16,414		767,519
Honda Motor Co., Ltd.		24,098		744,628
Telefonica SA		54,157		719,205
Unilever PLC		16,131		589,104
UBS AG*		48,147		586,430
Sumitomo Mitsui Financial Group, Inc.		94,535		584,226
Banco Bilbao Vizcaya Argentaria SA		71,963		557,713
ABB Ltd.*		28,573		534,315
National Grid PLC		9,534		527,802
Barclays PLC		37,865		525,188
Teva Pharmaceutical Industries Ltd.		12,596		521,600
Mizuho Financial Group, Inc.		160,812		519,423
Canon, Inc.		16,050		513,760
Deutsche Bank AG		12,428		492,770
Syngenta AG		6,324		473,351
Prudential PLC		17,018		442,468

BLDRS Developed Markets 100 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

American Depositary Receipts	Shares		Value
ING Groep NV*		51,636	$	407,408
BT Group PLC		10,397		386,768
Telefonaktiebolaget LM Ericsson		40,691		371,509
Statoil ASA		14,070		362,865
Lloyds Banking Group PLC*		139,252		346,737
Koninklijke Philips Electronics NV, Class Y		13,899		325,932
Credit Suisse Group AG		15,356		324,779
France Telecom SA		25,852		315,911
ASML Holding NV, Class G		5,614		301,360
NTT DoCoMo, Inc.		17,867		288,731
Nippon Telegraph & Telephone Corp.		11,677		276,862
WPP PLC		3,357		228,712
Shire PLC		2,495		221,307
Kyocera Corp.		2,558		221,241
Pearson PLC		10,813		211,286
Fresenius Medical Care AG & Co., KGaA		2,769		203,245
Panasonic Corp.		30,831		202,560
Aviva PLC		18,311		190,618
CRH PLC		9,700		186,240
Nomura Holdings, Inc.		51,110		181,952
ArcelorMittal		12,105		174,796
ARM Holdings PLC		6,133		171,601
Kubota Corp.		3,090		156,107
Sony Corp.		13,325		155,903
Reed Elsevier PLC		4,060		155,133
Randgold Resources Ltd.		1,229		151,167
Smith & Nephew PLC		2,401		132,343
Telecom Italia SpA		13,060		131,122
Reed Elsevier NV		4,838		128,788
Tenaris SA		3,157		128,711
Nokia OYJ		50,073		128,688
Nidec Corp.		6,828		125,567
Aegon NV, Class G		23,380		121,810
Royal Bank of Scotland Group PLC*		13,066		108,709
Carnival PLC		2,851		104,803
Intercontinental Hotels Group PLC*		3,860		101,325
Cie Generale de Geophysique-Veritas*		2,357		77,427
Luxottica Group SpA		2,131		75,139
Elan Corp. PLC*		6,436		68,994
Veolia Environnement		5,905		63,892

BLDRS Developed Markets 100 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

American Depositary Receipts	Shares		Value
Ryanair Holdings PLC*		1,918	$	61,856
Delhaize Group SA		1,356		52,287
Portugal Telecom SGPS SA		10,069		49,942
STMicroelectronics NV, Class Y		8,763		47,320
Governor & Co. of The Bank of Ireland*		8,561		47,257
Alcatel-Lucent*		30,986		34,085
Melco Entertainment, Ltd.*		2,439		32,877
National Bank of Greece SA		12,784		30,682
Alumina Ltd.		8,276		28,304
NICE Systems Ltd.*		842		27,971
Wacoal Holdings Corp.		376		22,372
Sims Metal Management Ltd.		2,224		22,018
Grifols SA*		941		21,483
ASM International NV, Class G		566		19,136
ICON PLC*		783		19,082
Logitech International SA*		2,075		18,986
Aixtron AG		1,249		16,512
CSR PLC		679		13,763
CNH Global NV*		349		13,531
Partner Communications Co., Ltd.		1,139		5,980
Promotora de Informaciones SA*		223		424
Total Investments (Cost $70,365,022)			$	48,724,106

* Non-income producing security for the year ended September 30, 2012.

The securities of the BLDRS Developed Markets 100 ADR Index Fund (the "Fund") investment portfolio categorized by industry group, as a percentage of total investments at value, are as follows:

Industry Classification	Value		Percentage
Automobiles & Parts	$	2,301,010		4.72	%
Banks		9,710,088		19.93	%
Beverages		1,863,576		3.82	%
Chemicals		473,351		0.97	%
Construction & Materials		186,240		0.38	%
Electronic & Electrical Equipment		801,428		1.65	%
Financial Services		181,952		0.37	%
Fixed Line Telecommunications		1,879,811		3.86	%
Food & Drug Retailers		52,287		0.11	%
Food Producers		1,402,554		2.88	%
Gas, Water & Multiutilities		591,694		1.21	%

BLDRS Developed Markets 100 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

Industry Classification	Value		Percentage
General Industrials	$	1,127,732		2.31	%
Health Care Equipment & Services		354,669		0.73	%
Industrial Engineering		703,953		1.44	%
Industrial Metals & Minings		331,811		0.68	%
Leisure Goods		231,042		0.47	%
Life Insurance		754,895		1.55	%
Media		724,343		1.49	%
Mining		3,273,678		6.72	%
Mobile Telecommunications		2,168,200		4.45	%
Oil & Gas Producers		7,495,876		15.38	%
Oil Equipment, Services & Distribution		77,427		0.16	%
Personal Goods		22,372		0.05	%
Pharmaceuticals & Biotechnology		7,725,156		15.86	%
Software & Computer Services		888,487		1.82	%
Support Services		22,018		0.05	%
Technology Hardware & Equipment		1,724,800		3.54	%
Tobacco		1,352,795		2.78	%
Travel & Leisure		300,861		0.62	%
Total	$	48,724,106		100.00	%

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below.

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)

The following is a summary of the inputs used as of September 30, 2012 in valuing the Fund's assets carried at fair value:

	Level 1			Level 2		Level 3		Total
Investments in Securities
American Depositary Receipts	$	48,724,106	⁺	$	—	$	—	$	48,724,106
Total	$	48,724,106		$	—	$	—	$	48,724,106

⁺ Please refer to the Industry Classification section of the Schedule of Investments for a breakdown of valuations by industry type.

See accompanying notes to financial statements.
9

BLDRS Emerging Markets 50 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments
September 30, 2012

American Depositary Receipts	Shares		Value
Taiwan Semiconductor Manufacturing Co., Ltd.		1,412,529	$	22,346,209
China Mobile Ltd.		401,633		22,234,403
Petroleo Brasileiro SP, Class A		818,039		18,054,121
America Movil SAB de CV		689,986		17,553,244
Petroleo Brasileiro SA		633,482		14,532,077
Vale SA, Class A Preferred		810,278		14,066,426
Itau Unibanco Holding SA		876,785		13,397,275
CNOOC Ltd.		61,794		12,527,498
Baidu, Inc.*		103,929		12,140,986
Banco Bradesco SA		734,950		11,810,646
Cia de Bebidas das Americas		289,532		11,080,390
PetroChina Co., Ltd.		81,078		10,472,034
POSCO		127,315		10,381,265
Vale SA, Class A		513,108		9,184,633
Infosys Technologies Ltd.		184,382		8,949,902
Sasol Ltd.		194,685		8,679,057
China Life Insurance Co., Ltd.		190,632		8,267,710
Fomento Economico Mexicano SAB de CV		72,273		6,647,671
Shinhan Financial Group Co., Ltd.		91,112		6,117,260
China Petroleum & Chemical Corp.		64,484		5,959,611
Ecopetrol SA		94,801		5,586,623
HDFC Bank Ltd.		147,976		5,560,938
KB Financial Group, Inc.		147,576		5,207,957
AngloGold Ashanti Ltd.		146,738		5,143,167
Chunghwa Telecom Co., Ltd.		146,892		4,663,821
BR F - Brasil Foods SA		256,230		4,432,779
ICICI Bank Ltd.		108,018		4,335,842
Telekomunikasi Indonesia tbk PT		94,901		3,694,496
Grupo Televisa SA		154,298		3,627,546
Gold Fields Ltd.		280,332		3,602,266
Ultrapar Participacoes SA		158,345		3,532,677
Mobile Telesystems OJSC		194,548		3,408,481
Cemex SAB de CV*		405,761		3,379,989
Gerdau SA		343,506		3,266,742
China Telecom Corp. Ltd.		53,328		3,091,424
Latam Airlines Group SA		118,925		3,006,424
Cia de Minas Buenaventura SA		70,903		2,762,381
China Unicom Hong Kong Ltd.		163,951		2,674,041
Korea Electric Power Corp.*		210,553		2,615,068

BLDRS Emerging Markets 50 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

American Depositary Receipts	Shares		Value
Cia Brasileira de Distribuicao Grupo Pao de Acucar		54,058	$	2,438,556
Telefonica Brasil SA		111,504		2,424,097
Cencosud SA		122,033		2,239,306
Cia Energetica de Minas Gerais		184,523		2,236,419
LG Display Co., Ltd.*		170,500		2,143,185
Sociedad Quimica y Minera de Chile SA		34,694		2,138,538
Philippine Long Distance Telephone Co.		31,971		2,110,406
Empresa Nacional de Electricidad SA		42,023		2,015,423
SK Telecom Co., Ltd.		136,837		1,989,610
Bancolombia SA		32,611		1,947,203
United Microelectronics Corp.		934,684		1,916,102
Total Investments (Cost $418,928,408)			$	341,593,925

* Non-income producing security for the year ended September 30, 2012.

The securities of the BLDRS Emerging Markets 50 ADR Index Fund (the "Fund") investment portfolio categorized by industry group, as a percentage of total investments at value, are as follows:

Industry Classification	Value		Percentage
Banks	$	48,377,121		14.16	%
Beverages		17,728,060		5.19	%
Chemicals		2,138,538		0.63	%
Construction & Materials		3,379,989		1.00	%
Electricity		6,866,910		2.01	%
Fixed Line Telecommunications		7,625,927		2.23	%
Food Producers		9,110,641		2.67	%
Gas, Water & Multiutilities		3,532,677		1.03	%
Industrial Metals & Minings		36,899,067		10.80	%
Life Insurance		8,267,710		2.42	%
Media		3,627,546		1.06	%
Mining		11,507,814		3.37	%
Mobile Telecommunications		38,664,852		11.32	%
Oil & Gas Producers		93,364,265		27.33	%
Software & Computer Services		21,090,888		6.17	%
Technology Hardware & Equipment		26,405,496		7.73	%
Travel & Leisure		3,006,424		0.88	%
Total	$	341,593,925		100.00	%

BLDRS Emerging Markets 50 ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below.

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)

The following is a summary of the inputs used as of September 30, 2012 in valuing the Fund's assets carried at fair value:

	Level 1			Level 2		Level 3		Total
Investments in Securities
American Depositary Receipts	$	341,593,925	⁺	$	—	$	—	$	341,593,925
Total	$	341,593,925		$	—	$	—	$	341,593,925

⁺ Please refer to the Industry Classification section of the Schedule of Investments for a breakdown of valuations by industry type.

See accompanying notes to financial statements.
12

BLDRS Europe Select ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments
September 30, 2012

American Depositary Receipts	Shares		Value
HSBC Holdings PLC		16,971	$	788,473
Novartis AG		12,646		774,694
Vodafone Group PLC		22,979		654,787
BP PL C		14,826		628,029
Royal Dutch Shell PLC, Class A		8,572		594,983
Total SA		10,971		549,647
GlaxoSmithKline PLC		11,637		538,095
Sanofi		11,485		494,544
British American Tobacco PLC		4,606		472,760
Royal Dutch Shell PLC, Class B		6,240		444,912
Siemens AG		3,888		389,383
Banco Santander SA		46,191		344,585
Diageo PLC		2,928		330,073
Novo Nordisk A/S		2,041		322,090
Anheuser-Busch InBev NV		3,740		321,303
SAP AG		4,353		310,500
BHP Billiton PLC		4,935		308,240
Unilever NV		8,013		284,301
AstraZeneca PLC		5,834		279,215
ENI SpA		6,284		275,491
Rio Tinto PLC		5,737		268,262
Telefonica SA		18,928		251,364
Unilever PLC		5,638		205,900
UBS AG*		16,828		204,965
Banco Bilbao Vizcaya Argentaria SA		25,151		194,920
ABB Ltd. *		9,986		186,738
National Grid PLC		3,332		184,460
Barclays PLC		13,234		183,556
Teva Pharmaceutical Industries Ltd.		4,402		182,287
Deutsche Bank AG		4,344		172,240
Syngenta AG		2,210		165,419
Prudential PLC		5,948		154,648
ING Groep NV*		18,047		142,391
BT Group PLC		3,634		135,185
Telefonaktiebolaget LM Ericsson		14,222		129,847
Statoil ASA		4,917		126,809
Lloyds Banking Group PLC*		48,669		121,186
Koninklijke Philips Electronics NV, Class Y		4,858		113,920
Credit Suisse Group AG		5,367		113,512

BLDRS Europe Select ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

American Depositary Receipts	Shares		Value
France Telecom SA		9,035	$	110,408
ASML Holding NV, Class G		1,962		105,320
WPP PLC		1,173		79,916
Shire PLC		872		77,346
Pearson PLC		3,779		73,842
Fresenius Medical Care AG & Co., KGaA		968		71,051
Aviva PLC		6,400		66,624
CRH PLC		3,390		65,088
ArcelorMittal		4,231		61,096
ARM Holdings PLC		2,144		59,989
Reed Elsevier PLC		1,419		54,220
Randgold Resources Ltd.		429		52,767
Smith & Nephew PLC		839		46,246
Telecom Italia SpA		4,565		45,833
Reed Elsevier NV		1,691		45,014
Nokia OYJ		17,500		44,975
Tenaris SA		1,103		44,969
Aegon NV, Class G		8,171		42,571
Mobile Telesystems OJSC		2,366		41,452
Royal Bank of Scotland Group PLC*		4,567		37,997
Carnival PLC		996		36,613
Intercontinental Hotels Group PLC*		1,349		35,411
Cie Generale de Geophysique-Veritas*		824		27,068
Luxottica Group SpA		745		26,269
Elan Corp. PLC*		2,249		24,109
Veolia Environnement		2,064		22,332
Ryanair Holdings PLC*		670		21,608
Delhaize Group SA		474		18,277
Portugal Telecom SGPS SA		3,519		17,454
STMicroelectronics NV, Class Y		3,063		16,540
Governor & Co. of The Bank of Ireland*		2,992		16,516
VimpelCom Ltd.		1,081		12,864
Alcatel-Lucent*		10,830		11,913
National Bank of Greece SA*		4,468		10,723
NICE Systems Ltd.*		294		9,767
Grifols SA*		329		7,511
ASM International NV, Class G		198		6,694
ICON PLC*		274		6,677
Logitech International SA*		725		6,634

BLDRS Europe Select ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

American Depositary Receipts	Shares		Value
Aixtron AG		437	$	5,777
CSR PLC		237		4,804
CNH Global NV*		122		4,730
Mechel		642		4,520
Partner Communications Co., Ltd.		398		2,090
Promotora de Informaciones SA*		76		145
Total Investments (Cost $19,436,373)			$	13,927,484

* Non-income producing security for the year ended September 30, 2012.

The securities of the BLDRS Europe Select ADR Index Fund (the "Fund") investment portfolio categorized by industry group, as a percentage of total investments at value, are as follows:

Industry Classification	Value		Percentage
Banks	$	2,331,063		16.74	%
Beverages		651,377		4.68	%
Chemicals		165,419		1.19	%
Construction & Materials		65,088		0.47	%
Fixed Line Telecommunications		560,243		4.02	%
Food & Drug Retailers		18,277		0.13	%
Food Producers		490,201		3.52	%
Gas, Water & Multiutilities		206,792		1.48	%
General Industrials		394,187		2.83	%
Health Care Equipment & Services		123,974		0.89	%
Industrial Engineering		191,468		1.37	%
Industrial Metals & Minings		65,615		0.47	%
Life Insurance		263,843		1.89	%
Media		253,138		1.82	%
Mining		734,228		5.27	%
Mobile Telecommunications		711,192		5.11	%
Oil & Gas Producers		2,646,939		19.01	%
Personal Goods		26,269		0.19	%
Pharmaceuticals & Biotechnology		2,699,892		19.39	%
Software & Computer Services		310,500		2.23	%
Technology Hardware & Equipment		451,387		3.24	%
Tobacco		472,760		3.39	%
Travel & Leisure		93,632		0.67	%
Total	$	13,927,484		100.00	%

BLDRS Europe Select ADR Index Fund of the BLDRS Index Fund Trust
Schedule of Investments (continued)
September 30, 2012

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below.

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)

The following is a summary of the inputs used as of September 30, 2012 in valuing the Fund's assets carried at fair value:

	Level 1			Level 2		Level 3		Total
Investments in Securities
American Depositary Receipts	$	13,927,484	⁺	$	—	$	—	$	13,927,484
Total	$	13,927,484		$	—	$	—	$	13,927,484

⁺ Please refer to the Industry Classification section of the Schedule of Investments for a breakdown of valuations by industry type.

See accompanying notes to financial statements.
16

BLDRS Index Funds Trust
Statements of Assets and Liabilities
September 30, 2012

	BLDRS Asia 50 ADR Index Fund			BLDRS Developed Markets 100 ADR Index Fund
Assets:
Investments in securites, at value (cost $36,097,499 and $ 70,365,022, respectively)	$	26,344,033		$	48,724,106
Cash		257,479			197,005
Dividend receivable		50,985			199,986
Receivable from Sponsor		25,739			22,879
Receivable for securities sold		7,053			14,538
Total assets	$	26,685,289		$	49,158,514
Liabilities:
Distribution payable	$	267,289		$	306,030
Payable for investments purchased		27,798			19,758
Payable to Trustee		2,306			4,989
Professional fees		35,180			35,408
Accrued expenses		8,264			13,223
Total liabilities		340,837			379,408
NET ASSETS	$	26,344,452		$	48,779,106
Net assets presented by:
Paid-in capital	$	46,256,971		$	85,562,568
Distributions in excess of net investment income		(267,289	)		(48,076	)
Accumulated net realized loss on investments transactions		(9,891,764	)		(15,094,470	)
Net unrealized depreciation of investments		(9,753,466	)		(21,640,916	)
NET ASSETS	$	26,344,452		$	48,779,106
Shares of beneficial interest outstanding, unlimited shares authorized: $ 0.001 per value:		1,100,000			2,450,000
Net asset value per share: (net assets/shares of beneficial interest outstanding)	$	23.95		$	19.91

See accompanying notes to financial statements.
17

BLDRS Index Funds Trust
Statements of Assets and Liabilities
September 30, 2012

	BLDRS Emerging Markets 50 ADR Index Fund			BLDRS Europe Select ADR Index Fund
Assets:
Investments in securites, at value (cost $418,928,408 and $ 19,436,373, respectively)	$	341,593,925		$	13,927,484
Cash		814,203			16,301
Dividend receivable		1,024,811			67,369
Receivable from Sponsor		115,069			60,172
Receivable for securities sold		595,197			4,227
Total assets	$	344,143,205		$	14,075,553
Liabilities:
Distribution payable	$	2,215,237		$	77,231
Payable to Licensor		178,506			—
Professional fees		35,399			35,168
Payable to Trustee		29,633			1,191
Payable for investments purchased		—			10,954
Accrued expenses		75,803			4,436
Total liabilities		2,534,578			128,980
NET ASSETS	$	341,608,627		$	13,946,573
Net assets presented by:
Paid-in capital	$	492,672,058		$	24,066,431
Distributions in excess of net investment income		(39,967	)		(76,069	)
Accumulated net realized loss on investments transactions		(73,688,981	)		(4,534,900	)
Net unrealized depreciation of investments		(77,334,483	)		(5,508,889	)
NET ASSETS	$	341,608,627		$	13,946,573
Shares of beneficial interest outstanding, unlimited shares authorized: $ 0.001 per value:		8,700,000			700,000
Net asset value per share: (net assets/shares of beneficial interest outstanding)	$	39.27		$	19.92

See accompanying notes to financial statements.
18

BLDRS Asia 50 ADR Index Fund of the
BLDRS Index Funds Trust
Statements of Operations

	Year Ended September 30,
	2012			2011			2010
Investment Income:
Dividend income*	$	861,794		$	1,118,826		$	1,141,662
Expenses:
Trustee fees		30,081			44,551			55,193
Marketing expenses		—			13,317			22,741
Licensing fees		18,047			26,731			33,116
Professional fees		51,532			35,161			36,921
Other fees and expenses		24,884			13,894			17,609
Total expenses		124,544			133,654			165,580
Less expenses waived by the Licensor		(13,146	)		—			—
Less expenses assumed by Sponsor		(21,164	)		—			—
Net expenses		90,234			133,654			165,580
Net investment income		771,560			985,172			976,082
Realized and unrealized gain (loss) on investments:
Net realized loss on sales of investments		(584,706	)		(1,135,362	)		(794,051	)
Net realized gain (loss) on in-kind redemptions		(623,851	)		811,321			3,391,709
Net change in unrealized appreciaton/ depreciation of investments		3,353,881			(3,316,932	)		369,833
Net realized and unrealized gain (loss) on investments		2,145,324			(3,640,973	)		2,967,491
Net increase (decrease) in net assets resulting from operations	$	2,916,884		$	(2,655,801	)	$	3,943,573

* Net of foreign taxes withheld of $76,086, $96,045 and $105,382 for the years ended September 30, 2012, 2011 and 2010, respectively

See accompanying notes to financial statements.
19

BLDRS Developed Markets 100 ADR Index Fund of the
BLDRS Index Funds Trust
Statements of Operations

	Year Ended September 30,
	2012			2011			2010
Investment Income:
Dividend income*	$	2,051,511		$	2,544,523		$	2,642,617
Expenses:
Trustee fees		53,881			75,104			74,471
Marketing expenses		—			53,016			41,385
Licensing fees		31,841			45,063			44,686
Professional fees		65,165			36,503			42,601
Other fees and expenses		34,016			15,626			20,288
Total expenses		184,903			225,312			223,431
Less expenses waived by the Licensor		(25,698	)		—			—
Net expenses		159,205			225,312			223,431
Net investment income		1,892,306			2,319,211			2,419,186
Realized and unrealized gain (loss) on investments:
Net realized gain (loss) on sales of investments		(901,233	)		(1,153,793	)		(6,340,145	)
Net realized gain (loss) on in-kind redemptions		(1,976,458	)		880,078			15,225
Net change in unrealized appreciaton/ depreciation of investments		9,466,334			(8,247,736	)		3,008,371
Net realized and unrealized gain (loss) on investments		6,588,643			(8,521,451	)		(3,316,549	)
Net increase (decrease) in net assets resulting from operations	$	8,480,949		$	(6,202,240	)	$	(897,363	)

* Net of foreign taxes withheld of $196,564, $245,912 and $214,941 for the years ended September 30, 2012, 2011 and 2010, respectively.

See accompanying notes to financial statements.
20

BLDRS Emerging Markets 50 ADR Index Fund of the
BLDRS Index Funds Trust
Statements of Operations

	Year Ended September 30,
	2012			2011			2010
Investment Income:
Dividend income*	$	10,969,184		$	15,895,594		$	14,297,405
Expenses:
Trustee fees		403,453			578,254			629,914
Marketing expenses		146,072			660,452			745,171
Licensing fees		242,031			359,541			397,435
Professional fees		244,835			71,514			90,833
Other fees and expenses		173,771			127,942			123,824
Total expenses		1,210,162			1,797,703			1,987,177
Net investment income		9,759,022			14,097,891			12,310,228
Realized and unrealized gain (loss) on investments:
Net realized loss on sales of investments		(11,015,444	)		(13,684,005	)		(13,956,119	)
Net realized gain (loss) on in-kind redemptions		(5,294,565	)		21,761,973			42,184,899
Net change in unrealized appreciaton/ depreciation of investments		52,417,163			(109,655,277	)		24,756,982
Net realized and unrealized gain (loss) on investments		36,107,154			(101,577,309	)		52,985,762
Net increase (decrease) in net assets resulting from operations	$	45,866,176		$	(87,479,418	)	$	65,295,990

* Net of foreign taxes withheld of $796,865, $1,074,694 and $1,202,865 for the years ended September 30, 2012, 2011 and 2010, respectively.

See accompanying notes to financial statements.
21

BLDRS Europe Select ADR Index Fund of the
BLDRS Index Funds Trust
Statements of Operations

	Year Ended September 30,
	2012			2011			2010
Investment Income:
Dividend income*	$	586,351		$	752,656		$	793,160
Expenses:
Trustee fees		14,707			21,334			20,313
Licensing fees		8,824			12,800			12,188
Professional fees		44,271			36,284			36,438
Other fees and expenses		19,017			14,033			14,952
Total expenses		86,819			84,451			83,891
Less expenses waived by the Licensor		(8,824	)		(12,800	)		(12,188	)
Less expenses assumed by the Sponsor		(33,876	)		(7,649	)		(10,764	)
Net expenses		44,119			64,002			60,939
Net investment income		542,232			688,654			732,221
Realized and unrealized gain (loss) on investments:
Net realized loss on sales of investments		(346,926	)		(229,024	)		(1,976,068	)
Net realized gain (loss) on in-kind redemptions		(358,773	)		766,741			276,754
Net change in unrealized appreciaton/ depreciation of investments		2,922,944			(3,493,392	)		1,109,183
Net realized and unrealized gain (loss) on investments		2,217,245			(2,955,675	)		(590,131	)
Net increase (decrease) in net assets resulting from operations	$	2,759,477		$	(2,267,021	)	$	142,090

* Net of foreign taxes withheld of $61,003, $79,966 and $71,714 for the years ended September 30, 2012, 2011 and 2010, respectively.

See accompanying notes to financial statements.
22

BLDRS Asia 50 ADR Index Fund of the
BLDRS Index Funds Trust
Statements of Changes in Net Assets

	Year Ended September 30,
	2012			2011			2010
Increase (decrease) in net assets:
Operations:
Net investment income	$	771,560		$	985,172		$	976,082
Net realized gain (loss) on investment transactions		(1,208,557	)		(324,041	)		2,597,658
Net change in unrealized appreciation/ (depreciation) of investments		3,353,881			(3,316,932	)		369,833
Net increase (decrease) in net assets resulting from operations		2,916,884			(2,655,801	)		3,943,573
Distributions to Unitholders from:
Net investment income		(679,357	)		(1,343,389	)		(979,828	)
Return of capital		(95,294	)		(47,837	)		—
Total distributions		(774,651	)		(1,391,226	)		(979,828	)
Unitholder transactions:
Proceeds from subscriptions of BLDRS Asia 50 ADR Index Fund shares		—			—			3,688,055
Less redemptions of BLDRS Asia 50 ADR Index Fund shares		(7,158,745	)		(10,966,611	)		(25,163,937	)
Increase/(Decrease) in net assets due to unitholder transactions		(7,158,745	)		(10,966,611	)		(21,475,882	)
Total decrease		(5,016,512	)		(15,013,638	)		(18,512,137	)
Net Assets
Beginning of year		31,360,964			46,374,602			64,886,739
End of year(a)	$	26,344,452		$	31,360,964		$	46,374,602

(a) Includes distributions in excess of net investment income of $(267,289), $(359,492) and $(1,275) at September 30, 2012, 2011 and 2010, respectively.

See accompanying notes to financial statements.
23

BLDRS Developed Markets 100 ADR Index Fund of the
BLDRS Index Funds Trust
Statements of Changes in Net Assets

	Year Ended September 30,
	2012			2011			2010
Increase (decrease) in net assets:
Operations:
Net investment income	$	1,892,306		$	2,319,211		$	2,419,186
Net realized loss on investment transactions		(2,877,691	)		(273,715	)		(6,324,920	)
Net change in unrealized appreciation/ (depreciation) of investments		9,466,334			(8,247,736	)		3,008,371
Net increase (decrease) in net assets resulting from operations		8,480,949			(6,202,240	)		(897,363	)
Distributions to Unitholders from:
Net investment income		(1,844,406	)		(2,286,190	)		(2,384,034	)
Unitholder transactions:
Proceeds from subscriptions of BLDRS Developed Markets 100 ADR Index Fund shares		—			978,390			13,392,254
Less redemptions of BLDRS Developed Markets 100 ADR Index Fund shares		(12,764,395	)		(12,311,465	)		(10,506,839	)
Increase (decrease) in net assets due to unitholder transactions		(12,764,395	)		(11,333,075	)		2,885,415
Total decrease		(6,127,852	)		(19,821,505	)		(395,982	)
Net Assets
Beginning of year		54,906,958			74,728,463			75,124,445
End of year(a)	$	48,779,106		$	54,906,958		$	74,728,463

(a) Includes distributions in excess of net investment income of $(48,076), $(95,976) and $(129,258) at September 30, 2012, 2011 and 2010, respectively.

See accompanying notes to financial statements.
24

BLDRS Emerging Markets 50 ADR Index Fund of the
BLDRS Index Funds Trust
Statements of Changes in Net Assets

	Year Ended September 30,
	2012			2011			2010
Increase (decrease) in net assets:
Operations:
Net investment income	$	9,759,022		$	14,097,891		$	12,310,228
Net realized gain (loss) on investment transactions		(16,310,009	)		8,077,968			28,228,780
Net change in unrealized appreciation/ (depreciation) of investments		52,417,163			(109,655,277	)		24,756,982
Net increase (decrease) in net assets resulting from operations		45,866,176			(87,479,418	)		65,295,990
Distributions to Unitholders from:
Net investment income		(9,785,670	)		(14,242,362	)		(12,327,072	)
Unitholder transactions:
Proceeds from subscriptions of BLDRS Emerging Markets 50 ADR Index Fund shares		8,431,020			13,677,055			213,185,593
Less redemptions of BLDRS Emerging Markets 50 ADR Index Fund shares		(112,370,964	)		(172,110,637	)		(266,008,677	)
Decrease in net assets due to unitholder transactions		(103,939,944	)		(158,433,582	)		(52,823,084	)
Total increase (decrease)		(67,859,438	)		(260,155,362	)		145,834
Net Assets
Beginning of year		409,468,065			669,623,427			669,477,593
End of year(a)	$	341,608,627		$	409,468,065		$	669,623,427

(a) Includes undistributed (distributions in excess of) net investment income of $(39,967), $(13,319) and $101,162 at September 30, 2012, 2011 and 2010, respectively.

See accompanying notes to financial statements.
25

BLDRS Europe Select ADR Index Fund of the
BLDRS Index Funds Trust
Statements of Changes in Net Assets

	Year Ended September 30,
	2012			2011			2010
Increase (decrease) in net assets:
Operations:
Net investment income	$	542,232		$	688,654		$	732,221
Net realized gain (loss) on investment transactions		(705,699	)		537,717			(1,699,314	)
Net change in unrealized appreciation/ (depreciation) of investments		2,922,944			(3,493,392	)		1,109,183
Net increase (decrease) in net assets resulting from operations		2,759,477			(2,267,021	)		142,090
Distributions to Unitholders from:
Net investment income		(525,095	)		(677,272	)		(661,163	)
Return of capital		—			—			(58,729	)
Total distributions		(525,095	)		(677,272	)		(719,892	)
Unitholder transactions:
Proceeds from subscriptions of BLDRS Europe Select ADR Index Fund shares		—			3,188,496			3,843,748
Less redemptions of BLDRS Europe Select ADR Index Fund shares		(4,758,774	)		(6,051,802	)		(1,070,713	)
Decrease in net assets due to unitholder transactions		(4,758,774	)		(2,863,306	)		2,773,035
Total increase (decrease)		(2,524,392	)		(5,807,599	)		2,195,233
Net Assets
Beginning of year		16,470,965			22,278,563			20,083,330
End of year(a)	$	13,946,573		$	16,470,965		$	22,278,563

(a) Includes distributions in excess of net investment income of $(76,069), $(93,206) and $(104,588) at September 30, 2012, 2011 and 2010, respectively.

See accompanying notes to financial statements.
26

BLDRS Asia 50 ADR Index Fund of the BLDRS Index Funds Trust
Financial Highlights

	Year Ended September 30,
	2012			2011			2010			2009			2008
Net asset value, beginning of year	$	22.40		$	25.76		$	24.49		$	25.39		$	35.94
Investment operations:
Net investment income ⁽¹⁾		0.62			0.61			0.45			0.50			0.56
Net realized and unrealized gain (loss) on investments		1.57			(3.05	)		1.32			(0.49	)		(10.31	)
Total from investment operations		2.19			(2.44	)		1.77			0.01			(9.75	)
Less distributions from:
Net investment income		(0.56	)		(0.89	)		(0.50	)		(0.91	)		(0.56	)
Realized gain on investments		—			—			—			—			(0.24	)
Return of capital		(0.08	)		(0.03	)		—			—			—
Total distributions		(0.64	)		(0.92	)		(0.50	)		(0.91	)		(0.80	)
Net asset value, end of year	$	23.95		$	22.40		$	25.76		$	24.49		$	25.39
Total investment return ⁽²⁾		9.89	%		(9.90	)%		7.30	%		1.06	%		(27.48	)%
Ratios/Supplemental Data
Net assets, end of year (000 's ommitted)	$	26,344		$	31,361		$	46,375		$	64,887		$	77,428
Ratio to average net assets:
Expenses before expenses waived and/or assumed		0.41	%		0.30	%		0.30	%		0.30	%		0.23	%
Expenses after expenses waived and/or assumed		0.30	%		0.30	%		0.30	%		0.30	%		0.23	%
Net investment income before expenses waived and or/assumed		2.45	%		2.21	%		1.77	%		2.41	%		1.74	%
Net investment income after expenses waived and/or assumed		2.57	%		2.21	%		1.77	%		2.41	%		1.74	%
Portfolio turnover rate ⁽³⁾		10.15	%		10.53	%		7.01	%		17.19	%		7.49	%

The financial highlights summarize the impact of net investment income, net realized and unrealized gains and losses and distributions on a single share of the BLDRS Asia 50 ADR Index Fund outstanding for each period presented. Additionally, important relationships between certain financial statement items are expressed in ratio form.

(1) Calculated using average shares outstanding method.

(2) Total return calculation assumes the reinvestment of dividends and capital gain distributions, if any, at net asset value. Total return excludes the effect of transaction fees connected to the creation and redemption of Creation Units and brokerage commissions incurred by purchasing and/or selling shares of the Fund in the secondary market. Currently, the Fund does not have a dividend reinvestment program.

(3) Portfolio turnover excludes securities received or delivered from processing creations or redemptions of Fund shares.

See accompanying notes to financial statements.
27

BLDRS Developed Markets 100 ADR Index Fund of the BLDRS Index Funds Trust
Financial Highlights

	Year Ended September 30,
	2012			2011			2010			2009			2008
Net asset value, beginning of year	$	17.71		$	20.47		$	21.16		$	22.31		$	32.81
Investment operations:
Net investment income ⁽¹⁾		0.69			0.67			0.66			0.69			0.92
Net realized and unrealized gain (loss) on investments		2.19			(2.76	)		(0.68	)		(1.07	)		(9.84	)
Total from investment operations		2.88			(2.09	)		(0.02	)		(0.38	)		(8.92	)
Less distributions from:
Net investment income		(0.68	)		(0.67	)		(0.67	)		(0.71	)		(0.90	)
Realized gain on investments		—			—			—			(0.06	)		(0.68	)
Total distributions		(0.68	)		(0.67	)		(0.67	)		(0.77	)		(1.58	)
Net asset value, end of year	$	19.91		$	17.71		$	20.47		$	21.16		$	22.31
Total investment return ⁽²⁾		16.61	%		(10.68	)%		0.06	%		(0.98	)%		(28.24	)%
Ratios/Supplemental Data
Net assets, end of year (000 's ommitted)	$	48,779		$	54,907		$	74,728		$	75,124		$	98,177
Ratio to average net assets:
Expenses before expenses waived and/or assumed		0.35	%		0.30	%		0.30	%		0.30	%		0.21	%
Expenses after expenses waived and/or assumed		0.30	%		0.30	%		0.30	%		0.30	%		0.21	%
Net investment income before expenses waived and or/assumed		3.52	%		3.09	%		3.25	%		3.99	%		3.14	%
Net investment income after expenses waived and/or assumed		3.57	%		3.09	%		3.25	%		3.99	%		3.14	%
Portfolio turnover rate ⁽³⁾		4.94	%		5.69	%		14.19	%		12.60	%		13.09	%

The financial highlights summarize the impact of net investment income, net realized and unrealized gains and losses and distributions on a single share of the BLDRS Developed Markets 100 ADR Index Fund outstanding for each period presented. Additionally, important relationships between certain financial statement items are expressed in ratio form.

(1) Calculated using average shares outstanding method.

(3) Portfolio turnover excludes securities received or delivered from processing creations or redemptions of Fund shares.

See accompanying notes to financial statements.
28

BLDRS Emerging Markets 50 ADR Index Fund of the BLDRS Index Funds Trust
Financial Highlights

	Year Ended September 30,
	2012			2011			2010			2009			2008
Net asset value, beginning of year	$	36.08		$	45.09		$	41.07		$	37.94		$	52.84
Investment operations:
Net investment income ⁽¹⁾		0.96			1.08			0.79			0.83			1.04
Net realized and unrealized gain (loss) on investments		3.23			(8.94	)		4.03			3.15			(14.98	)
Total from investment operations		4.19			(7.86	)		4.82			3.98			(13.94	)
Less distributions from:
Net investment income		(1.00	)		(1.15	)		(0.80	)		(0.85	)		(0.96	)
Total distributions		(1.00	)		(1.15	)		(0.80	)		(0.85	)		(0.96	)
Net asset value, end of year	$	39.27		$	36.08		$	45.09		$	41.07		$	37.94
Total investment return ⁽²⁾		11.75	%		(17.82	)%		11.87	%		11.02	%		(26.73	)%
Ratios/Supplemental Data
Net assets, end of year (000 's ommitted)	$	341,609		$	409,468		$	669,623		$	669,478		$	553,969
Ratio to average net assets:
Expenses before expenses waived and/or assumed		0.30	%		0.30	%		0.30	%		0.30	%		0.16	%
Expenses after expenses waived and/or assumed		0.30	%		0.30	%		0.30	%		0.30	%		0.16	%
Net investment income before expenses waived and or/assumed		2.42	%		2.35	%		1.86	%		2.65	%		2.03	%
Net investment income after expenses waived and/or assumed		2.42	%		2.35	%		1.86	%		2.65	%		2.03	%
Portfolio turnover rate ⁽³⁾		12.03	%		7.85	%		16.38	%		13.27	%		10.67	%

The financial highlights summarize the impact of net investment income, net realized and unrealized gains and losses and distributions on a single share of the BLDRS Emerging Markets 50 ADR Index Fund outstanding for each period presented. Additionally, important relationships between certain financial statement items are expressed in ratio form.

(1) Calculated using average shares outstanding method.

(3) Portfolio turnover excludes securities received or delivered from processing creations or redemptions of Fund shares.

See accompanying notes to financial statements.
29

BLDRS Europe Select ADR Index Fund of the BLDRS Index Funds Trust
Financial Highlights

	Year Ended September 30,
	2012			2011			2010			2009			2008
Net asset value, beginning of year	$	17.34		$	20.25		$	21.14		$	22.10		$	34.07
Investment operations:
Net investment income ⁽¹⁾		0.70			0.68			0.72			0.77			0.99
Net realized and unrealized gain (loss) on investments		2.53			(2.90	)		(0.88	)		(0.94	)		(10.50	)
Total from investment operations		3.23			(2.22	)		(0.16	)		(0.17	)		(9.51	)
Less distributions from:
Net investment income		(0.65	)		(0.69	)		(0.67	)		(0.76	)		(0.98	)
Realized gain on investments		—			—			—			—			(1.48	)
Return of capital		—			—			(0.06	)		(0.03	)		—
Total distributions		(0.65	)		(0.69	)		(0.73	)		(0.79	)		(2.46	)
Net asset value, end of year	$	19.92		$	17.34		$	20.25		$	21.14		$	22.10
Total investment return ⁽²⁾		18.99	%		(11.43	)%		(0.60	)%		(0.03	)%		(29.72	)%
Ratios/Supplemental Data
Net assets, end of year (000 's ommitted)	$	13,947		$	16,471		$	22,279		$	20,083		$	26,516
Ratio to average net assets:
Expenses before expenses waived and/or assumed		0.59	%		0.40	%		0.41	%		0.54	%		0.34	%
Expenses after expenses waived and/or assumed		0.30	%		0.30	%		0.30	%		0.30	%		0.30	%
Net investment income before expenses waived and or/assumed		3.40	%		3.13	%		3.49	%		4.27	%		3.27	%
Net investment income after expenses waived and/or assumed		3.69	%		3.23	%		3.60	%		4.51	%		3.31	%
Portfolio turnover rate ⁽³⁾		4.69	%		4.09	%		17.25	%		10.93	%		15.85	%

The financial highlights summarize the impact of net investment income, net realized and unrealized gains and losses and distributions on a single share of the BLDRS Europe Select ADR Index Fund outstanding for each period presented. Additionally, important relationships between certain financial statement items are expressed in ratio form.

(1) Calculated using average shares outstanding method.

(3) Portfolio turnover excludes securities received or delivered from processing creations or redemptions of Fund shares.

See accompanying notes to financial statements.
30

BLDRS Index Funds Trust
Notes to Financial Statements
September 30, 2012

1. Organization

BLDRS Index Funds Trust (the "Trust") is a unit investment trust consisting of four separate investment portfolios; BLDRS Asia 50 ADR Index Fund ("Asia"), BLDRS Developed Markets 100 ADR Index Fund ("Developed Markets"), BLDRS Emerging Markets 50 ADR Index Fund ("Emerging Markets") and BLDRS Europe Select ADR Index Fund ("Europe"), formerly known as BLDRS Europe 100 ADR Index Fund, (each a "Fund" and collectively the "Funds"), created under the laws of the State of New York and registered under the Investment Company Act of 1940. The Funds were created to provide investors with the opportunity to purchase units of beneficial interest in the Funds representing proportionate undivided interests in the portfolio of securities held by each respective Fund. The portfolios of the Funds consist of substantially all of the securities, in substantially the same weighting, as the component securities of The BNY Mellon Asia 50 ADR Index(SM), The BNY Mellon Developed Markets 100 ADR Index(SM), The BNY Mellon Emerging Markets 50 ADR Index(SM) and The BNY Mellon Europe Select ADR Index(SM), respectively.

Invesco PowerShares Capital Management LLC is the Sponsor of the Trust and The Bank of New York Mellon (formerly The Bank of New York) is the Trustee.

2. Significant Accounting Policies

The preparation of financial statements in accordance with U.S. generally accepted accounting principles (hereafter referred to as "authoritative guidance") requires management to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by the Funds.

Security Valuation

Portfolio securities are valued at the Nasdaq official closing price of The Nasdaq Stock Market, Inc. (the "Nasdaq Stock Market"), which is deemed to be the principal market on which the securities are traded. If there is no Nasdaq official closing price on the day of valuation, a security is valued at the closing bid price of the Nasdaq Stock Market. If a security is not quoted on the Nasdaq Stock Market, or the principal market of the security is other than the Nasdaq Stock Market, or the Trustee deems the official close price or closing bid price inappropriate for valuation purposes, then the security shall be fair valued by the Trustee in good faith based (a) on the closing price for the security on another market on which the security is traded or if there is no such appropriate closing price, at the closing bid price on such other market, (b) on current bid prices on the Nasdaq Stock Market or such other markets, (c) if bid prices are not available, on the basis of current bid

prices for comparable securities, (d) by the Trustee appraising the value of the securities in good faith, or (e) any combination thereof.

The authoritive guidance for fair value measurements and disclosures defines fair value as the price the Funds would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance also establishes a framework for measuring fair value and a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The guidance establishes three tiers of inputs ("Levels") that may be used to measure fair value. The three tiers of inputs are summarized at the end of each respective Fund's Schedule of Investments.

The Funds' policy is to disclose transfers between Levels based on valuations at the beginning of the reporting period. Each portfolio may hold securities which are periodically fair valued in accordance with the Trust's fair value procedures. This may result in movements between Levels 1, 2 and 3 throughout the reporting period.

Investment Transactions

Investment transactions are recorded on trade date. Realized gains and losses from the sale or disposition of securities are recorded on a specific identification basis. Dividend income is recorded on the ex-dividend date. Dividends received by each Fund may be subject to withholding and other taxes imposed by foreign countries.

Distributions to Unitholders

The Funds declare and distribute dividends, if any, from net investment income quarterly. The Funds will distribute net realized capital gains, if any, at least annually.

Federal Income Tax

The Funds have qualified and intend to continue to qualify as "regulated investment companies" under Subchapter M of the Internal Revenue Code of 1986 (the "Code"), as amended. By so qualifying, the Funds will not be subject to federal income taxes to the extent they distribute all of their investment company taxable income and any net realized capital gains, each fiscal year. In addition, by distributing each calendar year substantially all of their net investment income and capital gains, if any, the Funds will not be subject to federal excise tax. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles. To the extent these differences are permanent, such amounts are reclassified within the capital accounts based on their federal tax basis treatment; temporary differences do not require such reclassification.

The Funds are subject to authoritative guidance for uncertainties in income tax. Management has analyzed each of the Fund's tax positions taken or expected to be taken on its federal income tax return for all open tax years and has concluded that,

as of September 30, 2012, no provision for income tax would be required in each respective Fund's financial statements. The Funds file tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, the Funds are subject to examinations by such tax authorities for up to three years after the filing of their return for the tax period.

3. Federal Income Tax

At September 30, 2012, the following permanent differences were reclassified within the components of net assets of the Funds, primarily due to the tax treatment of in-kind transactions in all of the Funds, and a tax return of capital in Asia. These reclassifications had no effect on net assets of the Funds.

	Net increase to Undistributed (Distributions in Excess of) Net Investment Income		Net increase (decrease) to Accumulated Net Realized Gain (Loss) on Investment		Net increase (decrease) to Paid in Capital
Asia	$	95,294	$	943,339	$	(1,038,633	)
Developed Markets		—		2,706,769		(2,706,769	)
Emerging Markets		—		10,238,026		(10,238,026	)
Europe		—		589,842		(589,842	)

Distributions during the fiscal year ended September 30, 2012, 2011 and 2010 were characterized for tax purposes as follows:

	Ordinary Income Year Ended September 30,						Long-Term Capital Gains Year Ended September 30,
	2012		2011		2010		2012		2011		2010
Asia	$	679,357	$	1,343,389	$	979,828	$	—	$	—	$	—
Developed Markets		1,844,406		2,286,190		2,384,034		—		—		—
Emerging Markets		9,785,670		14,242,362		12,327,072		—		—		—
Europe		525,095		677,272		661,163		—		—		—

	Tax Return of Capital Year Ended September 30,
	2012		2011		2010
Asia	$	95,294	$	47,837	$	—
Developed Markets		—		—		—
Emerging Markets		—		—		—
Europe		—		_—		58,729

Under the enacted Regulated Investment Company Modernization Act of 2010, the Funds will be permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years. As a result of this ordering rule, pre-enactment capital loss carryforwards may have an increased likelihood to expire unused. Additionally, post-enactment capital losses that are carried forward

will retain their character as either short-term or long-term losses rather than being considered all short-term as under previous law.

At September 30, 2012, the components of accumulated earnings/deficit on a tax basis were as follows:

	Undistributed Ordinary Income		Net Unrealized Appreciation/ (Depreciation)			Accumulated Capital and other Losses*			Total Accumulated Deficit
Asia	$	—	$	(10,319,581	)	$	(9,325,650	)	$	(19,645,231	)
Developed Markets		257,953		(23,861,951	)		(12,873,435	)		(36,477,433	)
Emerging Markets		2,175,270		(82,470,495	)		(68,552,968	)		(148,848,193	)
Europe		1,162		(6,006,430	)		(4,037,360	)		(10,042,628	)

* Under current tax regulations, capital losses on securities transactions realized after October 31 ("Post-October Losses") may be deferred and treated as occurring on the first business day of the following fiscal year. Under the enacted Regulated Investment Company Modernization Act of 2010, the Funds will be permitted to defer certain net investment losses incurred after December 31 and treat as occurring on the first business day of the following fiscal year. The Accumulated Capital and other Losses include Post-October capital losses of $543,547 for Asia, $683,188 for Developed Markets, $10,891,368 for Emerging Markets and $303,840 for Europe.

Pursuant to the Code, the Funds' capital loss carryforwards will expire as follows:

	2017		2018		2019		Short-Term Loss Carryforward No Expiration		Long-Term Loss Carryforward No Expiration		Total
Asia	$	3,330,400	$	4,149,037	$	298,791	$	—	$	1,003,875	$	8,782,103
Developed Markets		681,358		8,058,923		2,608,098		52,750		789,118		12,190,247
Emerging Markets		31,056,295		10,088,950		1,412,302		—		15,104,056		57,661,603
Europe		325,340		2,226,447		1,078,809		9,531		93,393		3,733,520

4. Transactions with the Trustee, Licensor and Sponsor

The Funds pay the expenses of their operations, including Trustee fees, reimbursements to the Sponsor for expenses relating to the marketing of the Funds and for fees to The Bank of New York Mellon (the "Licensor") for a license to use the BNY Mellon Asia 50 ADR Index, BNY Mellon Developed Markets 100 ADR Index, BNY Mellon Emerging Markets 50 ADR Index and BNY Mellon Europe Select ADR Index as a basis for determining the composition and weighting of securities held by each respective Fund. Each Fund pays an annual licensing fee to the Licensor equal 6/100 of one percent (0.06%) of its average net assets subject to the waiver provisions discussed on the following page.

In accordance with the Trust Agreement, the Trustee maintains the Funds' accounting records, acts as custodian and transfer agent to the Funds, and provides administrative services, including filing of all required regulatory reports. The Trustee is also responsible for determining the composition of the portfolios of

securities, which must be delivered in exchange for the issuance of Creation Units of the Funds, and for adjusting the composition of each Fund's portfolio from time to time to conform to changes in the compositions and/or weighting structure of the respective index.

For these services, the Trustee receives a fee from each Fund at the following annual rates:

Net Assets				Fee as a Percentage of Net Assets
$0–$499,999,999*				10/100 of 1% per annum
$500,000,000–$2,499,999,999*				8/100 of 1% per annum
$ 2,500,000,000 and above*				6/100 of 1% per annum

* The fee indicated applies to that portion of the net assets of each Fund that falls in the size category indicated and is computed each business day on the basis of the net assets of the Fund on such day.

Marketing expenses for the year ended September 30, 2012, 2011 and 2010, represent expenses incurred by the Sponsor, if any, on behalf of the Funds and charged to the Funds, subject to the reimbursement provisions below.

The Sponsor had undertaken that on each day during the fiscal year ended September 30, 2012, and until determined otherwise, the ordinary operating expenses of the Funds as calculated by the Trustee would not be permitted to exceed an amount which is 30/100 of one percent (0.30%) per annum of the daily net asset value of each Fund. To the extent during such period that ordinary operating expenses of a Fund exceeded such 0.30% amount, the Licensor first waived licensing fees applicable to the Fund and, if such waiver was insufficient, the Sponsor thereafter reimbursed the Fund for or assumed such excess ordinary operating expenses. The Licensor and Sponsor may be repaid by the Funds for licensing fees so waived or expenses so reimbursed or assumed respectively, in each case to the extent that subsequently during the fiscal year expenses fall below the 0.30% per annum level on any given day.

For the fiscal year ended September 30, 2012, 2011 and 2010, the Licensor waived and the Sponsor reimbursed the following expenses incurred by the Funds:

	License Fees Waived by Licensor Year Ended September 30,						Expenses Assumed by the Sponsor Year Ended September 30,
	2012		2011		2010		2012			2011		2010
Asia	$	13,146	$	—	$	—	$	(21,164	)	$	—	$	—
Developed Markets		25,698		—		—		—			—		—
Emerging Markets		—		—		—		—			—		—
Europe		8,824		12,800		12,188		33,876			7,649		10,764

ALPS Distributors, Inc. (the "Distributor") is the distributor for the Funds. The Sponsor, not the Funds, pays the Distributor a flat annual fee of $20,000 for each Fund for its distribution services and the Funds do not reimburse the Sponsor for such fees.

5. Related Party Transactions

During the fiscal year ended September 30, 2012, 2011 and 2010, the Funds paid $168,031, $191,877, and $360,133, respectively, in commissions on trades to a related party, BNY ConvergEx Group. BNY ConvergEx Group is an affiliate of the Trustee.

6. Transactions in Shares of the BLDRS Index Funds Trust

Transactions in shares are as follows:

	For the Year ended September 30,
	2012			2011			2010
	Shares			Shares			Shares
Asia shares sold		—			—			150,000
Asia shares redeemed		(300,000	)		(400,000	)		(1,000,000	)
Net increase (decrease)		(300,000	)		(400,000	)		(850,000	)
Developed Markets shares sold		—			50,000			650,000
Developed Markets share redeemed		(650,000	)		(600,000	)		(550,000	)
Net increase (decrease)		(650,000	)		(550,000	)		100,000
Emerging Markets shares sold		200,000			300,000			5,000,000
Emerging Markets shares redeemed		(2,850,000	)		(3,800,000	)		(6,450,000	)
Net increase (decrease)		(2,650,000	)		(3,500,000	)		(1,450,000	)
Europe shares sold		—			150,000			200,000
Europe shares redeemed		(250,000	)		(300,000	)		(50,000	)
Net increase (decrease)		(250,000	)		(150,000	)		150,000

The shares of the Funds are issued and redeemed only in Creation Unit size aggregations of 50,000 shares. Such transactions are only permitted on an in-kind basis, with a separate cash payment that is equivalent to the undistributed net investment income of the shares and a balancing cash component to equate the transaction to the net asset value of the shares on the transaction date.

The transaction fee in connection with creation or redemption of Creation Units through the BLDRS Asia 50 ADR Clearing Process, BLDRS Developed Markets 100 ADR Clearing Process, BLDRS Emerging Markets 50 ADR Clearing Process and BLDRS Europe Select ADR Clearing Process is $10 per security "name" in the portfolio deposit or redemption payment, rounded up to the nearest $500 for Asia and Emerging Markets and to $1,000 for Developed Markets and Europe per participating party per day, regardless of the number of Creation Units purchased or redeemed on such day by the participating party. The total fee charged in connection with the creation or redemption of Creation Units outside the listed above Clearing Processes is four times the normal transaction cost of $500 ($2,000) and $1,000 ($4,000) per participating party per day.

Transaction fees are received by the Trustee and used to offset its expense of processing orders. For fiscal years ended September 30, 2012, 2011 and 2010, the Trustee earned the following amounts in transaction fees:

	Year Ended September 30,
	2012		2011		2010
Asia	$	3,000	$	3,000	$	8,000
Developed Markets		9,000		8,000		13,000
Emerging Markets		18,000		16,500		48,000
Europe		2,000		5,000		3,000

The Trustee, in its sole discretion, may voluntarily reduce or waive its fee, or modify the transaction fee schedule, subject to certain limitations. There were no such reductions or waivers for the years ended September 30, 2012, 2011 or 2010.

7. Investment Transactions

For the year ended September 30, 2012, the Funds had purchases and sales of investment securities, excluding securities received or delivered from processing creations or redemptions of the Funds' shares, as follows:

	Purchases		Sales
Asia	$	3,056,369	$	3,384,020
Developed Markets		2,731,613		2,611,856
Emerging Markets		45,512,194		45,449,535
Europe		757,672		685,026

At September 30, 2012, the Funds' cost of investments for federal income tax purposes and unrealized appreciation/(depreciation) was as follows:

	Cost of Investments		Gross Unrealized Appreciation		Gross Unrealized (Depreciation)			Net Unrealized Appreciation/ (Depreciation)
Asia	$	36,663,614	$	1,787,699	$	(12,107,280	)	$	(10,319,581	)
Developed Markets		72,586,057		1,095,012		(24,956,963	)		(23,861,951	)
Emerging Markets		424,064,420		24,746,461		(107,216,956	)		(82,470,495	)
Europe		19,933,914		444,925		(6,451,355	)		(6,006,430	)

8. Representations and Indemnifications

In the normal course of business, the Funds enter into contracts that contain a variety of representations and warranties which provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would involve future claims that maybe made against the Funds that have not yet occurred. However, based on experience, the Funds expect the risk of loss to be remote.

9. Subsequent Events

Management has evaluated events and transactions for potential recognition or disclosure in the financial statements through the date the financial statements were available to be issued. Except for the below, management has determined that there

are no material events that would require disclosure in the Funds' financial statements through this date.

Effective November 16, 2012, in accordance with the terms of the Trust Agreement, the Trustee will pay, from its own assets, the Sponsor to perform the following services for the Trust: adjust the composition of the portfolio, calculate and adjust, if necessary, the weighting of each security in the portfolio, dispose of or exchange securities after it has been determined that such securities will be removed from the Index and direct securities transactions to brokers or dealers, which may include affiliates of the Trustee, including BNY ConvergEx Group, but will not include affiliates of the Sponsor.

Supplemental Information (Unaudited)

BLDRS Asia 50 ADR Index Fund
BLDRS Developed Markets 100 ADR Index Fund
BLDRS Emerging Markets 50 ADR Index Fund
BLDRS Europe Select ADR Index Fund

I. Information Regarding Closing Prices vs. Net Asset Value Frequency Distribution For Each BLDRS Fund

The tables that follow present information about the differences between the daily market price on secondary markets for shares of a BLDRS Fund and that Fund's net asset value. Net Asset Value, or "NAV", is the price at which a Fund issues and redeems shares. The "Closing Market Price" of shares in each BLDRS Fund is determined and published by The Nasdaq Stock Market, as of the time that the Funds' NAV is calculated. Each Fund's Closing Market Price may be below, at, or above its NAV. The NAV for each Fund will fluctuate with changes in the market value of its portfolio holdings.

Premiums or discounts are the differences (expressed as a percentage) between the NAV and Closing Market Price of a Fund on a given day, generally at the time NAV is calculated. A premium is the amount that a Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that a Fund is trading below the reported NAV, expressed as a percentage of the NAV.

The following information shows the frequency distributions of premiums and discounts for each of the BLDRS Funds included in this report. The information shown for each Fund is from October 1, 2011 through September 30, 2012.

Each line in the table shows the number of trading days in which the BLDRS Funds traded within the premium/discount range indicated. The number of trading days in each premium/discount range is also shown as a percentage of the total number of trading days in the period covered by each table. All data presented here represents past performance, which cannot be used to predict future performance.

Supplemental Information (Unaudited) (continued)

BLDRS Asia 50 ADR Index Fund

October 1, 2011 through September 30, 2012

	Closing Price on NASDAQ Above Fund NAV					Closing Price on NASDAQ Below Fund NAV
Range	Frequency ⁽¹⁾		% of Total			Frequency ⁽¹⁾		% of Total
>0.01% to 0.50%		31		96.87	%		195		89.04	%
>0.50% to 1.00%		1		3.13	%		24		10.96	%
>1.00% to 2.00%		0		0.00	%		0		0.00	%
Total		32		100.00	%		219		100.00	%

BLDRS Developed Markets 100 ADR Index Fund

October 1, 2011 through September 30, 2012

	Closing Price on NASDAQ Above Fund NAV					Closing Price on NASDAQ Below Fund NAV
Range	Frequency ⁽¹⁾		% of Total			Frequency ⁽¹⁾		% of Total
>0.01% to 0.50%		27		100.00	%		223		99.55	%
>0.50% to 1.00%		0		0.00	%		1		0.45	%
>1.00% to 2.00%		0		0.00	%		0		0.00	%
Total		27		100.00	%		224		100.00	%

BLDRS Emerging Markets 50 ADR Index Fund

October 1, 2011 through September 30, 2012

	Closing Price on NASDAQ Above Fund NAV					Closing Price on NASDAQ Below Fund NAV
Range	Frequency ⁽¹⁾		% of Total			Frequency ⁽¹⁾		% of Total
>0.01% to 0.50%		64		100.00	%		187		100.00	%
>0.50% to 1.00%		0		0.00	%		0		0.00	%
>1.00% to 2.00%		0		0.00	%		0		0.00	%
Total		64		100.00	%		187		100.00	%

BLDRS Europe Select ADR Index Fund

October 1, 2011 through September 30, 2012

	Closing Price on NASDAQ Above Fund NAV					Closing Price on NASDAQ Below Fund NAV
Range	Frequency ⁽¹⁾		% of Total			Frequency ⁽¹⁾		% of Total
>0.01% to 0.50%		120		98.36	%		128		99.22	%
>0.50% to 1.00%		2		1.64	%		1		0.78	%
>1.00% to 2.00%		0		0.00	%		0		0.00	%
Total		122		100.00	%		129		100.00	%

(1) Number of Trading Days refers to the number of days during which there is buy/sell activity for the Fund on the Exchange.

Supplemental Information (Unaudited) (continued)

II. Cumulative and Average Annual Returns for each BLDRS Fund

Average Annual Total Returns

For The Period Ending September 30, 2012

	Past One Year ⁽¹⁾									Past Five Year ⁽¹⁾									From Inception ⁽¹⁾
*BLDRS Fund*	*NAV*			*Closing* *Market*			*Index*			*NAV*			*Closing* *Market*			*Index*			*NAV*			*Closing* *Market*			*Index*
BLDRS Asia		9.89	%		9.48	%		8.66	%		(4.88	)%		(4.91	)%		(5.86	)%		6.76	%		6.67	%		6.30	%
BLDRS Developed		16.61	%		16.19	%		16.43	%		(5.83	)%		(5.87	)%		(6.03	)%		6.34	%		6.34	%		6.42	%
BLDRS Emerging		11.75	%		11.94	%		12.15	%		(3.53	)%		(3.52	)%		(3.41	)%		15.59	%		15.50	%		15.64	%
BLDRS Europe		18.99	%		18.86	%		19.35	%		(5.95	)%		(5.93	)%		(5.81	)%		6.81	%		6.77	%		7.11	%

Cumulative Total Returns

For The Period Ending September 30, 2012

	Past One Year ⁽¹⁾									Past Five Year ⁽¹⁾									From Inception ⁽¹⁾
*BLDRS Fund*	*NAV*			*Closing* *Market*			*Index*			*NAV*			*Closing* *Market*			*Index*			*NAV*			*Closing* *Market*			*Index*
BLDRS Asia		9.89	%		9.48	%		8.66	%		(22.15	)%		(22.25	)%		(26.10	)%		90.82	%		89.18	%		82.97	%
BLDRS Developed		16.61	%		16.19	%		16.43	%		(25.95	)%		(26.09	)%		(26.76	)%		83.56	%		83.62	%		84.99	%
BLDRS Emerging		11.75	%		11.94	%		12.15	%		(16.43	)%		(16.40	)%		(15.94	)%		318.54	%		315.33	%		320.85	%
BLDRS Europe		18.99	%		18.86	%		19.35	%		(26.41	)%		(26.35	)%		(25.89	)%		91.69	%		90.98	%		97.19	%

(1) Average and Cumulative Annual Total Returns for the period since inception is calculated from the inception date of November 8, 2002. "Cumulative Total Return" represents the total change in value of an investment over the period indicated.

Closing Market Price and NAV returns assume that dividends and capital gains distributions have been reinvested in each Fund at market closing price and net asset value, respectively. Since Fund shares typically do not trade in the secondary market until after several days after Fund inception, for the period from inception to the first day of secondary market trading in fund shares, the net asset value is used as a proxy for secondary market trading price to calculate closing market returns.

Unlike a Fund, an Index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a Fund. Fund expenses negatively impact the performance of a Fund. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage

Supplemental Information (Unaudited) (continued)

commissions were included, market returns would be lower. The returns shown in the table above do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Fund shares may be worth more or less than their original cost when they are redeemed or sold in the market. A Fund's past performance is no guarantee of future results.

BLDRS Index Funds Trust

Sponsor

Invesco PowerShares Capital Management, LLC
301 West Roosevelt Road
Wheaton, IL 60187

Trustee

The Bank of New York Mellon
2 Hanson Place
Brooklyn, NY 11217

Distributor

ALPS Distributors, Inc.
1290 Broadway, Suite 1100
Denver, CO 80203

Independent Registered Public Accounting Firm

Ernst & Young LLP
5 Times Square
New York, NY 10036

Legal Counsel

Jones Day
222 East 41st Street
New York, NY 10017

P-BLDRS-AR-1

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ADRA Invesco BLDRS Asia 50 ADR Index Fund