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        <title>HDFC Bank Ltd SPON ADS EACH REP 3 ORD SHS</title>
        <cusip>40415F101</cusip>
        <identifiers>
          <isin value="US40415F1012"/>
          <ticker value="HDB"/>
        </identifiers>
        <balance>2301</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>165464.91</valUSD>
        <pctVal>1.8256853040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander-Chile</name>
        <lei>3YJP8HORPAEXJ80D6368</lei>
        <title>Banco Santander-Chile ADR-EACH REP 400 COM NPV</title>
        <cusip>05965X109</cusip>
        <identifiers>
          <isin value="US05965X1090"/>
          <ticker value="BSAC"/>
        </identifiers>
        <balance>4584</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81228.48</valUSD>
        <pctVal>0.8962482873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Safaricom Public Limited Company</name>
        <lei>N/A</lei>
        <title>Safaricom Public Limited Company KES0.05</title>
        <cusip>V74587102</cusip>
        <identifiers>
          <isin value="KE1000001402"/>
          <ticker value="SCOM"/>
        </identifiers>
        <balance>62300</balance>
        <units>NS</units>
        <currencyConditional curCd="KES" exchangeRt="111.3"/>
        <valUSD>23926.33</valUSD>
        <pctVal>0.2639952426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cementos Argos Sa</name>
        <lei>549300H7BB3SSJRSL735</lei>
        <title>Cementos Argos Sa COP416</title>
        <cusip>P2216Y112</cusip>
        <identifiers>
          <isin value="COD38PA00046"/>
          <ticker value="CEMARGOS"/>
        </identifiers>
        <balance>15277</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3765.735"/>
        <valUSD>25760.96</valUSD>
        <pctVal>0.2842379456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>51job Inc</name>
        <lei>52990088ZF32Q8YHCJ53</lei>
        <title>51job Inc SPON ADS EACH REP 1 ORD SHS</title>
        <cusip>316827104</cusip>
        <identifiers>
          <isin value="US3168271043"/>
          <ticker value="JOBS"/>
        </identifiers>
        <balance>764</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45503.84</valUSD>
        <pctVal>0.5020743792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kotak Mahindra Bank Ltd.</name>
        <lei>335800E6GTTXKHXE2I75</lei>
        <title>Kotak Mahindra Bank Ltd. INR5</title>
        <cusip>Y4964H150</cusip>
        <identifiers>
          <isin value="INE237A01028"/>
          <ticker value="KOTAKBANK"/>
        </identifiers>
        <balance>1950</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125"/>
        <valUSD>52791.93</valUSD>
        <pctVal>0.5824887631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magazine Luiza Sa</name>
        <lei>N/A</lei>
        <title>Magazine Luiza Sa COM NPV</title>
        <cusip>P6425Q109</cusip>
        <identifiers>
          <isin value="BRMGLUACNOR2"/>
          <ticker value="MGLU3"/>
        </identifiers>
        <balance>20300</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.6438"/>
        <valUSD>38882.14</valUSD>
        <pctVal>0.4290127229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AAC Technologies Holdings Inc.</name>
        <lei>549300SKEDE1VKS0A552</lei>
        <title>AAC Technologies Holdings Inc. USD0.01</title>
        <cusip>G2953R114</cusip>
        <identifiers>
          <isin value="KYG2953R1149"/>
          <ticker value="AACAF"/>
        </identifiers>
        <balance>18500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>81150.55</valUSD>
        <pctVal>0.8953884334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Localiza Rent A Car Sa</name>
        <lei>N/A</lei>
        <title>Localiza Rent A Car Sa COM NPV</title>
        <cusip>P6330Z111</cusip>
        <identifiers>
          <isin value="BRRENTACNOR4"/>
          <ticker value="RENT3"/>
        </identifiers>
        <balance>3800</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.6438"/>
        <valUSD>30500.73</valUSD>
        <pctVal>0.3365350062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Komercni Banka AS</name>
        <lei>IYKCAVNFR8QGF00HV840</lei>
        <title>Komercni Banka AS ORD CZK100</title>
        <cusip>X45471111</cusip>
        <identifiers>
          <isin value="CZ0008019106"/>
          <ticker value="KMERF"/>
        </identifiers>
        <balance>706</balance>
        <units>NS</units>
        <currencyConditional curCd="CZK" exchangeRt="22.2037"/>
        <valUSD>27384</valUSD>
        <pctVal>0.3021460342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Copa Holdings Sa</name>
        <lei>529900BB9UQJV6QQHA59</lei>
        <title>Copa Holdings Sa NPV CLASS 'A'</title>
        <cusip>P31076105</cusip>
        <identifiers>
          <isin value="PAP310761054"/>
          <ticker value="CPA"/>
        </identifiers>
        <balance>607</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44893.72</valUSD>
        <pctVal>0.4953425161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sberbank of Russia</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>Sberbank of Russia SPON ADR EACH REPR 4 ORD SHS</title>
        <cusip>80585Y308</cusip>
        <identifiers>
          <isin value="US80585Y3080"/>
          <ticker value="SBRCY"/>
        </identifiers>
        <balance>8719</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>174860.2</valUSD>
        <pctVal>1.9293498385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asian Paints Ltd</name>
        <lei>335800HEHXGYRUNERD75</lei>
        <title>Asian Paints Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE021A01026"/>
          <ticker value="ASIANPAINT"/>
        </identifiers>
        <balance>1186</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125"/>
        <valUSD>49151.33</valUSD>
        <pctVal>0.5423195821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kaspi.Kz Jsc</name>
        <lei>2549003YU6FARG8OAZ13</lei>
        <title>Kaspi.Kz Jsc SPON GDR REG S</title>
        <cusip>48581R205</cusip>
        <identifiers>
          <isin value="US48581R2058"/>
          <ticker value="KAKZF"/>
        </identifiers>
        <balance>198</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28692.75</valUSD>
        <pctVal>0.3165863506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Krka Dd</name>
        <lei>549300H9RLRTRTLRUZ73</lei>
        <title>Krka Dd NPV</title>
        <cusip>X4571Y100</cusip>
        <identifiers>
          <isin value="SI0031102120"/>
          <ticker value="KRKG"/>
        </identifiers>
        <balance>179</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.98965"/>
        <valUSD>23215.65</valUSD>
        <pctVal>0.2561538336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commercial Intl Bk</name>
        <lei>213800FIIXJAMEVRIH48</lei>
        <title>Commercial Intl Bk GDR EACH REPR 1 ORD EGP10 REG'S'</title>
        <cusip>201712205</cusip>
        <identifiers>
          <isin value="US2017122050"/>
          <ticker value="CMGGF"/>
        </identifiers>
        <balance>15603</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48364.46</valUSD>
        <pctVal>0.5336375178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ING Bank Slaski SA</name>
        <lei>259400YLRTOBISHBVX41</lei>
        <title>ING Bank Slaski SA PLN1.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLBSK0000017"/>
          <ticker value="ING"/>
        </identifiers>
        <balance>505</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.98965"/>
        <valUSD>34435.56</valUSD>
        <pctVal>0.3799506241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banca Transilvania Sa</name>
        <lei>549300RG3H390KEL8896</lei>
        <title>Banca Transilvania Sa RON1.00</title>
        <cusip>X0308Q105</cusip>
        <identifiers>
          <isin value="ROTLVAACNOR1"/>
          <ticker value="TLV"/>
        </identifiers>
        <balance>38734</balance>
        <units>NS</units>
        <currencyConditional curCd="RON" exchangeRt="4.28095"/>
        <valUSD>22714.11</valUSD>
        <pctVal>0.2506200065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIM Birlesik Magaz</name>
        <lei>7890001GCDJQD8DJKE29</lei>
        <title>BIM Birlesik Magaz TRY1</title>
        <cusip>M2014F102</cusip>
        <identifiers>
          <isin value="TREBIMM00018"/>
          <ticker value="BMBRF"/>
        </identifiers>
        <balance>11148</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.614"/>
        <valUSD>72069.18</valUSD>
        <pctVal>0.7951875887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEG Sa</name>
        <lei>N/A</lei>
        <title>WEG Sa COM NPV</title>
        <cusip>P9832B129</cusip>
        <identifiers>
          <isin value="BRWEGEACNOR0"/>
          <ticker value="WEGE3"/>
        </identifiers>
        <balance>7200</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.6438"/>
        <valUSD>47202.24</valUSD>
        <pctVal>0.5208139652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Nutresa Sa</name>
        <lei>549300TN5BQ4P1MC6407</lei>
        <title>Grupo Nutresa Sa COP5</title>
        <cusip>P5041C114</cusip>
        <identifiers>
          <isin value="COT04PA00028"/>
          <ticker value="NUTRESA"/>
        </identifiers>
        <balance>3657</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3765.735"/>
        <valUSD>21374.46</valUSD>
        <pctVal>0.2358387498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Robinsons Retail Hldgs Inc</name>
        <lei>N/A</lei>
        <title>Robinsons Retail Hldgs Inc PHP1</title>
        <cusip>Y7318T101</cusip>
        <identifiers>
          <isin value="PHY7318T1017"/>
          <ticker value="RBNTF"/>
        </identifiers>
        <balance>24910</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.41"/>
        <valUSD>30763.54</valUSD>
        <pctVal>0.3394347652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NCSOFT Corporation</name>
        <lei>N/A</lei>
        <title>NCSOFT Corporation KRW500</title>
        <cusip>Y6258Y104</cusip>
        <identifiers>
          <isin value="KR7036570000"/>
          <ticker value="A036570"/>
        </identifiers>
        <balance>370</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1168.55"/>
        <valUSD>198881.07</valUSD>
        <pctVal>2.1943882043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jollibee Foods</name>
        <lei>2138009XN3KTAAKUPR35</lei>
        <title>Jollibee Foods PHP1</title>
        <cusip>Y4466S100</cusip>
        <identifiers>
          <isin value="PHY4466S1007"/>
          <ticker value="JBFCF"/>
        </identifiers>
        <balance>6330</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.41"/>
        <valUSD>29508.33</valUSD>
        <pctVal>0.3255851916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Household &amp; Health Care Ltd</name>
        <lei>N/A</lei>
        <title>LG Household &amp; Health Care Ltd KRW5000</title>
        <cusip>Y5275R100</cusip>
        <identifiers>
          <isin value="KR7051900009"/>
          <ticker value="LGHHF"/>
        </identifiers>
        <balance>116</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1168.55"/>
        <valUSD>116443.49</valUSD>
        <pctVal>1.2847991059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of the Philippine Islands</name>
        <lei>549300UW4UH6XT2X8C50</lei>
        <title>Bank of the Philippine Islands PHP10</title>
        <cusip>Y0967S169</cusip>
        <identifiers>
          <isin value="PHY0967S1694"/>
          <ticker value="BPHLF"/>
        </identifiers>
        <balance>13720</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.41"/>
        <valUSD>23665.26</valUSD>
        <pctVal>0.2611146822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Insurance (Group) Company of China Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance (Group) Company of China Ltd. 'H' CNY1</title>
        <cusip>Y69790106</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
          <ticker value="PIAIF"/>
        </identifiers>
        <balance>20000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>144020.61</valUSD>
        <pctVal>1.5890759627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhou International Group Holdings Ltd.</name>
        <lei>529900B4W41TCUKJFM73</lei>
        <title>Shenzhou International Group Holdings Ltd. HKD0.10</title>
        <cusip>G8087W101</cusip>
        <identifiers>
          <isin value="KYG8087W1015"/>
          <ticker value="SZHIF"/>
        </identifiers>
        <balance>3000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>65047.85</valUSD>
        <pctVal>0.7177165467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sino Biopharmaceutical Limited</name>
        <lei>529900LPR4ADFEJAR786</lei>
        <title>Sino Biopharmaceutical Limited HKD0.025</title>
        <cusip>G8167W138</cusip>
        <identifiers>
          <isin value="KYG8167W1380"/>
          <ticker value="SBMFF"/>
        </identifiers>
        <balance>45000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>33381.22</valUSD>
        <pctVal>0.3683173839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vietnam Dairy Prod</name>
        <lei>N/A</lei>
        <title>Vietnam Dairy Prod VND10000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000VNM8"/>
          <ticker value="VNM"/>
        </identifiers>
        <balance>11810</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="22751.5"/>
        <valUSD>47084.74</valUSD>
        <pctVal>0.5195175089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cspc Pharmaceutical Group Limited</name>
        <lei>529900M3XQCW234H8O91</lei>
        <title>Cspc Pharmaceutical Group Limited NPV</title>
        <cusip>Y1837N109</cusip>
        <identifiers>
          <isin value="HK1093012172"/>
          <ticker value="CHJTF"/>
        </identifiers>
        <balance>132080</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>138400.7</valUSD>
        <pctVal>1.5270677272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International Container Terminal Services</name>
        <lei>254900FU1MWK0I0Q4J61</lei>
        <title>International Container Terminal Services PHP1</title>
        <cusip>Y41157101</cusip>
        <identifiers>
          <isin value="PHY411571011"/>
          <ticker value="ICTEF"/>
        </identifiers>
        <balance>18410</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.41"/>
        <valUSD>65690.94</valUSD>
        <pctVal>0.7248121899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QINGDAO HAIER BIOMEDICAL CO LTD</name>
        <lei>N/A</lei>
        <title>QINGDAO HAIER BIOMEDICAL CO LTD 'A' CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003P25"/>
          <ticker value="688139"/>
        </identifiers>
        <balance>2900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>42634.41</valUSD>
        <pctVal>0.4704140339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AL Rajhi Bkg &amp; Inv</name>
        <lei>558600BQZS4Y1DTU8589</lei>
        <title>AL Rajhi Bkg &amp; Inv SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879113"/>
          <ticker value="RJHI"/>
        </identifiers>
        <balance>2128</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7509"/>
        <valUSD>78633.9</valUSD>
        <pctVal>0.8676205464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Bank Central Asia TBK</name>
        <lei>254900BR956G2OHVOM21</lei>
        <title>PT Bank Central Asia TBK IDR12.50</title>
        <cusip>Y7123P138</cusip>
        <identifiers>
          <isin value="ID1000109507"/>
          <ticker value="PBCRF"/>
        </identifiers>
        <balance>108000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.5"/>
        <valUSD>56995.47</valUSD>
        <pctVal>0.6288692386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zenith Bank Plc</name>
        <lei>029200268F8M5YI5I629</lei>
        <title>Zenith Bank Plc NGN0.50</title>
        <cusip>V9T871109</cusip>
        <identifiers>
          <isin value="NGZENITHBNK9"/>
          <ticker value="ZENITHBANK"/>
        </identifiers>
        <balance>414394</balance>
        <units>NS</units>
        <currencyConditional curCd="NGN" exchangeRt="413.75"/>
        <valUSD>25289.3</valUSD>
        <pctVal>0.2790338046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grameenphone Ltd</name>
        <lei>N/A</lei>
        <title>Grameenphone Ltd BDT10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BD0001GP0004"/>
          <ticker value="GP"/>
        </identifiers>
        <balance>5493</balance>
        <units>NS</units>
        <currencyConditional curCd="BDT" exchangeRt="85.635"/>
        <valUSD>22790.29</valUSD>
        <pctVal>0.2514605515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BD</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Silergy Corporation</name>
        <lei>N/A</lei>
        <title>Silergy Corporation TWD10</title>
        <cusip>G8190F102</cusip>
        <identifiers>
          <isin value="KYG8190F1028"/>
          <ticker value="6415"/>
        </identifiers>
        <balance>600</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8085"/>
        <valUSD>99073.56</valUSD>
        <pctVal>1.0931450209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hangzhou Tigermed Consulting Co Ltd.</name>
        <lei>N/A</lei>
        <title>Hangzhou Tigermed Consulting Co Ltd. CNY1 H</title>
        <cusip>Y3043G118</cusip>
        <identifiers>
          <isin value="CNE1000040M1"/>
          <ticker value="3347"/>
        </identifiers>
        <balance>2100</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>40990.77</valUSD>
        <pctVal>0.4522786516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuxi Biologics (Cayman) Inc</name>
        <lei>5493001TD2TH6VDTJU11</lei>
        <title>Wuxi Biologics (Cayman) Inc USD0.0000083</title>
        <cusip>G97008117</cusip>
        <identifiers>
          <isin value="KYG970081173"/>
          <ticker value="WXIBF"/>
        </identifiers>
        <balance>3000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>45819.32</valUSD>
        <pctVal>0.5055552815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emaar Properties</name>
        <lei>N/A</lei>
        <title>Emaar Properties AED1</title>
        <cusip>M4025S107</cusip>
        <identifiers>
          <isin value="AEE000301011"/>
          <ticker value="EMAAR"/>
        </identifiers>
        <balance>53031</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67315"/>
        <valUSD>57998.82</valUSD>
        <pctVal>0.6399398720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Rakyat Indonesia (Persero) Tbk</name>
        <lei>254900HB6S4B12GBNP64</lei>
        <title>Bank Rakyat Indonesia (Persero) Tbk IDR50</title>
        <cusip>Y0697U112</cusip>
        <identifiers>
          <isin value="ID1000118201"/>
          <ticker value="BKRKF"/>
        </identifiers>
        <balance>164300</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.5"/>
        <valUSD>49111.69</valUSD>
        <pctVal>0.5418822074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Airtac International Group</name>
        <lei>N/A</lei>
        <title>Airtac International Group TWD10</title>
        <cusip>G01408106</cusip>
        <identifiers>
          <isin value="KYG014081064"/>
          <ticker value="1590"/>
        </identifiers>
        <balance>6069</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8085"/>
        <valUSD>182260.47</valUSD>
        <pctVal>2.0110019796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yandex, NV</name>
        <lei>549300GGZHJ5Q1B18P93</lei>
        <title>Yandex, NV COM USD0.01 CL 'A'</title>
        <cusip>N97284108</cusip>
        <identifiers>
          <isin value="NL0009805522"/>
          <ticker value="YNDX"/>
        </identifiers>
        <balance>681</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56414.04</valUSD>
        <pctVal>0.6224539316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Astra International Tbk Pt</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>Astra International Tbk Pt IDR50</title>
        <cusip>Y7117N172</cusip>
        <identifiers>
          <isin value="ID1000122807"/>
          <ticker value="PTAIF"/>
        </identifiers>
        <balance>116400</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.5"/>
        <valUSD>49580.08</valUSD>
        <pctVal>0.5470502684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meituan</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>Meituan USD0.00001 B CLASS</title>
        <cusip>G59669104</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
          <ticker value="MPNGF"/>
        </identifiers>
        <balance>1200</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>41862.46</valUSD>
        <pctVal>0.4618965919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc. USD0.000000625 A CLASS</title>
        <cusip>G07034104</cusip>
        <identifiers>
          <isin value="KYG070341048"/>
          <ticker value="BAIDF"/>
        </identifiers>
        <balance>3200</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>65454.32</valUSD>
        <pctVal>0.7222014027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trip Com Group Limited</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip Com Group Limited USD0.00125</title>
        <cusip>G9066F101</cusip>
        <identifiers>
          <isin value="KYG9066F1019"/>
          <ticker value="TRPCF"/>
        </identifiers>
        <balance>2161</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>62333.29</valUSD>
        <pctVal>0.6877649859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOA Phat Group Jsc</name>
        <lei>549300ODJEFGL5CWKD32</lei>
        <title>HOA Phat Group Jsc VND10000</title>
        <cusip>Y3231H100</cusip>
        <identifiers>
          <isin value="VN000000HPG4"/>
          <ticker value="HPG"/>
        </identifiers>
        <balance>67966</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="22751.5"/>
        <valUSD>170638.55</valUSD>
        <pctVal>1.8827695432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xp Incorporation</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>Xp Incorporation COM USD0.00001 CLASS A</title>
        <cusip>G98239109</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
          <ticker value="XP"/>
        </identifiers>
        <balance>1254.25</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41151.94</valUSD>
        <pctVal>0.4540569483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Sinocera</name>
        <lei>N/A</lei>
        <title>Shandong Sinocera 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001FB0"/>
          <ticker value="300285"/>
        </identifiers>
        <balance>6300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>41911.46</valUSD>
        <pctVal>0.4624372418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co., Ltd. TWD10</title>
        <cusip>Y84629107</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <ticker value="2330"/>
        </identifiers>
        <balance>8000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8085"/>
        <valUSD>169301.16</valUSD>
        <pctVal>1.8680132226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Raia Drogasil Sa</name>
        <lei>N/A</lei>
        <title>Raia Drogasil Sa COM NPV</title>
        <cusip>P7942C102</cusip>
        <identifiers>
          <isin value="BRRADLACNOR0"/>
          <ticker value="RADL3"/>
        </identifiers>
        <balance>8000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.6438"/>
        <valUSD>32956.52</valUSD>
        <pctVal>0.3636313840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Sanhua Intelligent Controls Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Sanhua Intelligent Controls Co., Ltd. 'A'CNY1</title>
        <cusip>Y9890L126</cusip>
        <identifiers>
          <isin value="CNE000001M22"/>
          <ticker value="002050"/>
        </identifiers>
        <balance>16800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>62113.67</valUSD>
        <pctVal>0.6853417712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds TREAS PRT PRMR</title>
        <cusip>665279873</cusip>
        <identifiers>
          <isin value="US6652798736"/>
          <ticker value="NTPXX"/>
        </identifiers>
        <balance>91914.2</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91914.2</valUSD>
        <pctVal>1.0141510013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oil Company Lukoil Pjsc</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>Oil Company Lukoil Pjsc SPON ADR EACH REP 1 ORD SHS</title>
        <cusip>69343P105</cusip>
        <identifiers>
          <isin value="US69343P1057"/>
          <ticker value="LUKOY"/>
        </identifiers>
        <balance>1859</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>189673.77</valUSD>
        <pctVal>2.0927978895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuliangye Yibin Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Wuliangye Yibin Co. Ltd. 'A'CNY1</title>
        <cusip>Y9718N106</cusip>
        <identifiers>
          <isin value="CNE000000VQ8"/>
          <ticker value="000858"/>
        </identifiers>
        <balance>1400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>47497.6</valUSD>
        <pctVal>0.5240728702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Midea Group Co., Ltd.</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>Midea Group Co., Ltd. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001QQ5"/>
          <ticker value="000333"/>
        </identifiers>
        <balance>15600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>166804.25</valUSD>
        <pctVal>1.8404631403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Country Garden Svcs Hldgs Co</name>
        <lei>549300P2JRKENZSEBB42</lei>
        <title>Country Garden Svcs Hldgs Co USD0.0001</title>
        <cusip>G2453A108</cusip>
        <identifiers>
          <isin value="KYG2453A1085"/>
          <ticker value="CTRGF"/>
        </identifiers>
        <balance>5000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>38712.81</valUSD>
        <pctVal>0.4271443915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JD.com Inc</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.com Inc USD0.00002 A CLASS</title>
        <cusip>G8208B101</cusip>
        <identifiers>
          <isin value="KYG8208B1014"/>
          <ticker value="JDCMF"/>
        </identifiers>
        <balance>3552</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>139507.79</valUSD>
        <pctVal>1.5392829935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Attijariwafa Bank</name>
        <lei>213800NKX83414QQZ664</lei>
        <title>Attijariwafa Bank MAD10</title>
        <cusip>V0378K154</cusip>
        <identifiers>
          <isin value="MA0000012445"/>
          <ticker value="ATW"/>
        </identifiers>
        <balance>430</balance>
        <units>NS</units>
        <currencyConditional curCd="MAD" exchangeRt="9.09535"/>
        <valUSD>23180.79</valUSD>
        <pctVal>0.2557691999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inner Mongolia Yili Industrial Group Co., Ltd.</name>
        <lei>3003002Q2A863JPQFH06</lei>
        <title>Inner Mongolia Yili Industrial Group Co., Ltd. 'A'CNY1</title>
        <cusip>Y408DG116</cusip>
        <identifiers>
          <isin value="CNE000000JP5"/>
          <ticker value="600887"/>
        </identifiers>
        <balance>11300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>76130.08</valUSD>
        <pctVal>0.8399942214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai International Airport Co</name>
        <lei>3003000CIJ7O6AOQF345</lei>
        <title>Shanghai International Airport Co 'A' CNY1</title>
        <cusip>Y7682X100</cusip>
        <identifiers>
          <isin value="CNE000000V89"/>
          <ticker value="600009"/>
        </identifiers>
        <balance>6400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>52747.83</valUSD>
        <pctVal>0.5820021783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glodon Company Limited</name>
        <lei>N/A</lei>
        <title>Glodon Company Limited 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000PH8"/>
          <ticker value="002410"/>
        </identifiers>
        <balance>3400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>39450.31</valUSD>
        <pctVal>0.4352817235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saigon Beer Alcohol Beverage Corporation</name>
        <lei>N/A</lei>
        <title>Saigon Beer Alcohol Beverage Corporation VND10000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000SAB4"/>
          <ticker value="SAB"/>
        </identifiers>
        <balance>2320</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="22751.5"/>
        <valUSD>16357.42</valUSD>
        <pctVal>0.1804823833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hongfa Technology Co Ltd.</name>
        <lei>N/A</lei>
        <title>Hongfa Technology Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000JK6"/>
          <ticker value="600885"/>
        </identifiers>
        <balance>5300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>61398.13</valUSD>
        <pctVal>0.6774467386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuxi Apptec Co Ltd</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>Wuxi Apptec Co Ltd A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000031K4"/>
          <ticker value="603259"/>
        </identifiers>
        <balance>3727</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>80307.91</valUSD>
        <pctVal>0.8860910212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bancolombia S.A.</name>
        <lei>54930052NWJRPNMP1W58</lei>
        <title>Bancolombia S.A. SPON ADS EACH REP 4 PRF SHS</title>
        <cusip>05968L102</cusip>
        <identifiers>
          <isin value="US05968L1026"/>
          <ticker value="CIB"/>
        </identifiers>
        <balance>1139</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40924.27</valUSD>
        <pctVal>0.4515449125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JS Comm Bank Forei</name>
        <lei>2549004TS5QUBFGAWE51</lei>
        <title>JS Comm Bank Forei VND10000</title>
        <cusip>Y444A7106</cusip>
        <identifiers>
          <isin value="VN000000VCB4"/>
          <ticker value="VCB"/>
        </identifiers>
        <balance>15240</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="22751.5"/>
        <valUSD>65629.74</valUSD>
        <pctVal>0.7241369292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Yanghe Bre</name>
        <lei>N/A</lei>
        <title>Jiangsu Yanghe Bre 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000HB8"/>
          <ticker value="002304"/>
        </identifiers>
        <balance>2200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>63612.3</valUSD>
        <pctVal>0.7018771609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suofeiya Home Collection Co Ltd</name>
        <lei>3003001LPW6QB75C7439</lei>
        <title>Suofeiya Home Collection Co Ltd 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001203"/>
          <ticker value="002572"/>
        </identifiers>
        <balance>13700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>36344.1</valUSD>
        <pctVal>0.4010088257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yonyou Network Technology Co Ltd</name>
        <lei>30030017NBX3U80ANB35</lei>
        <title>Yonyou Network Technology Co Ltd 'A'CNY1</title>
        <cusip>Y9042R104</cusip>
        <identifiers>
          <isin value="CNE0000017Y6"/>
          <ticker value="600588"/>
        </identifiers>
        <balance>9600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>47529.47</valUSD>
        <pctVal>0.5244245132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hefei Meyer Optoelectronic Technolo</name>
        <lei>N/A</lei>
        <title>Hefei Meyer Optoelectronic Technolo 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001JZ1"/>
          <ticker value="002690"/>
        </identifiers>
        <balance>3700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>23263.93</valUSD>
        <pctVal>0.2566865392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mouwasat Medical S</name>
        <lei>N/A</lei>
        <title>Mouwasat Medical S SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA12C051UH11"/>
          <ticker value="MOUWASAT"/>
        </identifiers>
        <balance>471</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7509"/>
        <valUSD>22599.25</valUSD>
        <pctVal>0.2493526791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Societatea National De Gaze N Romgaz Sa</name>
        <lei>2549009R7KJ38D9RW354</lei>
        <title>Societatea National De Gaze N Romgaz Sa RON1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ROSNGNACNOR3"/>
          <ticker value="SNG"/>
        </identifiers>
        <balance>3372</balance>
        <units>NS</units>
        <currencyConditional curCd="RON" exchangeRt="4.28095"/>
        <valUSD>29376.6</valUSD>
        <pctVal>0.3241317262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Saudi National Bank</name>
        <lei>5586006ZEFQ542K7CY16</lei>
        <title>The Saudi National Bank SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA13L050IE10"/>
          <ticker value="SNB"/>
        </identifiers>
        <balance>2666</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7509"/>
        <valUSD>46851.02</valUSD>
        <pctVal>0.5169387194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wal-Mart De Mexico</name>
        <lei>N/A</lei>
        <title>Wal-Mart De Mexico COM NPV</title>
        <cusip>P98180188</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
          <ticker value="WMMVF"/>
        </identifiers>
        <balance>13300</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.588"/>
        <valUSD>46389.79</valUSD>
        <pctVal>0.5118496596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Inovance</name>
        <lei>N/A</lei>
        <title>Shenzhen Inovance 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000V46"/>
          <ticker value="300124"/>
        </identifiers>
        <balance>4800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>48682.02</valUSD>
        <pctVal>0.5371413702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S.F. Holding Co Ltd</name>
        <lei>N/A</lei>
        <title>S.F. Holding Co Ltd 'A'CNY1</title>
        <cusip>Y5349E101</cusip>
        <identifiers>
          <isin value="CNE100000L63"/>
          <ticker value="002352"/>
        </identifiers>
        <balance>5900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>59410.09</valUSD>
        <pctVal>0.6555113602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Expressway Company Limited</name>
        <lei>529900UWWTWZ6AKLYD43</lei>
        <title>Jiangsu Expressway Company Limited H SHS CNY1</title>
        <cusip>Y4443L103</cusip>
        <identifiers>
          <isin value="CNE1000003J5"/>
          <ticker value="JEXYF"/>
        </identifiers>
        <balance>60000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>56719.02</valUSD>
        <pctVal>0.6258189804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cheil Worldwide</name>
        <lei>N/A</lei>
        <title>Cheil Worldwide KRW200</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7030000004"/>
          <ticker value="A030000"/>
        </identifiers>
        <balance>3865</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1168.55"/>
        <valUSD>79151.64</valUSD>
        <pctVal>0.8733331190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advantech</name>
        <lei>2549002OSTKE9HB9IY03</lei>
        <title>Advantech TWD10</title>
        <cusip>Y0017P108</cusip>
        <identifiers>
          <isin value="TW0002395001"/>
          <ticker value="ADTEF"/>
        </identifiers>
        <balance>6499</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8085"/>
        <valUSD>85071.46</valUSD>
        <pctVal>0.9386504626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Discovery Limited</name>
        <lei>378900245A26169C8132</lei>
        <title>Discovery Limited ZAR0.001</title>
        <cusip>S2192Y109</cusip>
        <identifiers>
          <isin value="ZAE000022331"/>
          <ticker value="DCYHF"/>
        </identifiers>
        <balance>7600</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.275"/>
        <valUSD>69931.85</valUSD>
        <pctVal>0.7716049936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Travelsky Technology Limited</name>
        <lei>5299007TAWP4DZ6QFG73</lei>
        <title>Travelsky Technology Limited CLS'H' CNY1</title>
        <cusip>Y8972V101</cusip>
        <identifiers>
          <isin value="CNE1000004J3"/>
          <ticker value="TSYHF"/>
        </identifiers>
        <balance>23000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>43073.13</valUSD>
        <pctVal>0.4752547258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hero Motocorp Limited</name>
        <lei>335800Q49FBMZJTRLK49</lei>
        <title>Hero Motocorp Limited INR2</title>
        <cusip>Y3194B108</cusip>
        <identifiers>
          <isin value="INE158A01026"/>
          <ticker value="HEROMOTOCO"/>
        </identifiers>
        <balance>4698</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125"/>
        <valUSD>167081.95</valUSD>
        <pctVal>1.8435271906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Largan Precision C</name>
        <lei>N/A</lei>
        <title>Largan Precision C TWD10</title>
        <cusip>Y52144105</cusip>
        <identifiers>
          <isin value="TW0003008009"/>
          <ticker value="3008"/>
        </identifiers>
        <balance>700</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8085"/>
        <valUSD>52328.45</valUSD>
        <pctVal>0.5773748775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coway Co Limited</name>
        <lei>N/A</lei>
        <title>Coway Co Limited KRW500</title>
        <cusip>Y9694W104</cusip>
        <identifiers>
          <isin value="KR7021240007"/>
          <ticker value="A021240"/>
        </identifiers>
        <balance>1180</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1168.55"/>
        <valUSD>80386.78</valUSD>
        <pctVal>0.8869612468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Naver Corp</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>Naver Corp KRW100</title>
        <cusip>Y62579100</cusip>
        <identifiers>
          <isin value="KR7035420009"/>
          <ticker value="NHNCF"/>
        </identifiers>
        <balance>181</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1168.55"/>
        <valUSD>63354.5</valUSD>
        <pctVal>0.6990326806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unilever Indonesia</name>
        <lei>549300MUHUFNRRI19O72</lei>
        <title>Unilever Indonesia IDR2</title>
        <cusip>Y9064H141</cusip>
        <identifiers>
          <isin value="ID1000095706"/>
          <ticker value="UNLRF"/>
        </identifiers>
        <balance>105000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.5"/>
        <valUSD>32778.35</valUSD>
        <pctVal>0.3616655150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dialog Group</name>
        <lei>N/A</lei>
        <title>Dialog Group NPV</title>
        <cusip>Y20641109</cusip>
        <identifiers>
          <isin value="MYL7277OO006"/>
          <ticker value="DGUPF"/>
        </identifiers>
        <balance>63800</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.141"/>
        <valUSD>43637.78</valUSD>
        <pctVal>0.4814848879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Consultancy S</name>
        <lei>335800ZJKU9GPQRE2U66</lei>
        <title>Tata Consultancy S INR1</title>
        <cusip>Y85279100</cusip>
        <identifiers>
          <isin value="INE467B01029"/>
          <ticker value="TCS"/>
        </identifiers>
        <balance>1502</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125"/>
        <valUSD>68232.57</valUSD>
        <pctVal>0.7528556979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIL &amp; Gas Developm</name>
        <lei>N/A</lei>
        <title>OIL &amp; Gas Developm PKR10</title>
        <cusip>Y6448X107</cusip>
        <identifiers>
          <isin value="PK0080201012"/>
          <ticker value="OGDC"/>
        </identifiers>
        <balance>41800</balance>
        <units>NS</units>
        <currencyConditional curCd="PKR" exchangeRt="171.25"/>
        <valUSD>20818.78</valUSD>
        <pctVal>0.2297075597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chipbond Technology Corp</name>
        <lei>254900AK7VTHB4UYLR40</lei>
        <title>Chipbond Technology Corp TWD10</title>
        <cusip>Y15657102</cusip>
        <identifiers>
          <isin value="TW0006147002"/>
          <ticker value="6147"/>
        </identifiers>
        <balance>72000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8085"/>
        <valUSD>167393.79</valUSD>
        <pctVal>1.8469679304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pidilite Industries Limited</name>
        <lei>335800APXGEBZ349GN74</lei>
        <title>Pidilite Industries Limited INR1(POST SUBDIVISION)</title>
        <cusip>Y6977T139</cusip>
        <identifiers>
          <isin value="INE318A01026"/>
          <ticker value="PIDILITIND"/>
        </identifiers>
        <balance>2034</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125"/>
        <valUSD>62979.3</valUSD>
        <pctVal>0.6948928475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eclat Textile Co</name>
        <lei>N/A</lei>
        <title>Eclat Textile Co TWD10</title>
        <cusip>Y2237Y109</cusip>
        <identifiers>
          <isin value="TW0001476000"/>
          <ticker value="1476"/>
        </identifiers>
        <balance>4000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8085"/>
        <valUSD>87567.87</valUSD>
        <pctVal>0.9661950280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Maroc Telecom</name>
        <lei>254900LH0G1ZIZ78Y462</lei>
        <title>Maroc Telecom MAD6</title>
        <cusip>V5721T117</cusip>
        <identifiers>
          <isin value="MA0000011488"/>
          <ticker value="MAOTF"/>
        </identifiers>
        <balance>1491</balance>
        <units>NS</units>
        <currencyConditional curCd="MAD" exchangeRt="9.09535"/>
        <valUSD>23495.5</valUSD>
        <pctVal>0.2592416063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Godrej Consumer Pr</name>
        <lei>335800P4GUWLGZFK2D63</lei>
        <title>Godrej Consumer Pr INR1</title>
        <cusip>Y2732X135</cusip>
        <identifiers>
          <isin value="INE102D01028"/>
          <ticker value="GODREJCP"/>
        </identifiers>
        <balance>3039</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125"/>
        <valUSD>38960.59</valUSD>
        <pctVal>0.4298783144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marico Ltd</name>
        <lei>3358003SFDQFGJPC5O84</lei>
        <title>Marico Ltd INR1</title>
        <cusip>Y5841R170</cusip>
        <identifiers>
          <isin value="INE196A01026"/>
          <ticker value="MARICO"/>
        </identifiers>
        <balance>3148</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125"/>
        <valUSD>23963.85</valUSD>
        <pctVal>0.2644092259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hon Hai Precision Industry Co., Ltd.</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>Hon Hai Precision Industry Co., Ltd. TWD10</title>
        <cusip>Y36861105</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
          <ticker value="HNHAF"/>
        </identifiers>
        <balance>45000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8085"/>
        <valUSD>174129.56</valUSD>
        <pctVal>1.9212881975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MCB Bank</name>
        <lei>2549002SIFOER1TFOK04</lei>
        <title>MCB Bank PKRP10</title>
        <cusip>Y61898105</cusip>
        <identifiers>
          <isin value="PK0055601014"/>
          <ticker value="MCB"/>
        </identifiers>
        <balance>17600</balance>
        <units>NS</units>
        <currencyConditional curCd="PKR" exchangeRt="171.25"/>
        <valUSD>16857.33</valUSD>
        <pctVal>0.1859982255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunny Optical Technology (Group) Co Ltd</name>
        <lei>3003004QIVP0DFVVWM94</lei>
        <title>Sunny Optical Technology (Group) Co Ltd HKD0.10</title>
        <cusip>G8586D109</cusip>
        <identifiers>
          <isin value="KYG8586D1097"/>
          <ticker value="SNPTF"/>
        </identifiers>
        <balance>2000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>53934.23</valUSD>
        <pctVal>0.5950925250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Security Bank Corporation</name>
        <lei>549300JSVDZIR2CPTP95</lei>
        <title>Security Bank Corporation PHP10</title>
        <cusip>Y7571C100</cusip>
        <identifiers>
          <isin value="PHY7571C1000"/>
          <ticker value="SYBJF"/>
        </identifiers>
        <balance>10700</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.41"/>
        <valUSD>25681.42</valUSD>
        <pctVal>0.2833603274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SM Prime Holdings Inc</name>
        <lei>254900SZK83MIAB8CU32</lei>
        <title>SM Prime Holdings Inc ORD PHP1</title>
        <cusip>Y8076N112</cusip>
        <identifiers>
          <isin value="PHY8076N1120"/>
          <ticker value="SPHXF"/>
        </identifiers>
        <balance>88800</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.41"/>
        <valUSD>58391.91</valUSD>
        <pctVal>0.6442770975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Square Pharma</name>
        <lei>254900R3NU1J5X39Y909</lei>
        <title>Square Pharma BDT10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BD0473SQPH00"/>
          <ticker value="SQURPHARMA"/>
        </identifiers>
        <balance>10847</balance>
        <units>NS</units>
        <currencyConditional curCd="BDT" exchangeRt="85.635"/>
        <valUSD>27569.67</valUSD>
        <pctVal>0.3041946559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BD</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siam Commercial Bank Public Company Limited</name>
        <lei>54930068OELHUBHH1U03</lei>
        <title>Siam Commercial Bank Public Company Limited THB10 (ALIEN MARKET)</title>
        <cusip>Y7905M113</cusip>
        <identifiers>
          <isin value="TH0015010018"/>
          <ticker value="SMCBF"/>
        </identifiers>
        <balance>32000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.1825"/>
        <valUSD>121509.83</valUSD>
        <pctVal>1.3406994324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Robina</name>
        <lei>N/A</lei>
        <title>Universal Robina PHP1</title>
        <cusip>Y9297P100</cusip>
        <identifiers>
          <isin value="PHY9297P1004"/>
          <ticker value="UVRBF"/>
        </identifiers>
        <balance>8270</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.41"/>
        <valUSD>22651.31</valUSD>
        <pctVal>0.2499270920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Tourism Group Duty Free Corp</name>
        <lei>N/A</lei>
        <title>China Tourism Group Duty Free Corp 'A'CNY1</title>
        <cusip>Y149A3100</cusip>
        <identifiers>
          <isin value="CNE100000G29"/>
          <ticker value="601888"/>
        </identifiers>
        <balance>1700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>70952.76</valUSD>
        <pctVal>0.7828693782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Songcheng Performance Dev Co Ltd</name>
        <lei>N/A</lei>
        <title>Songcheng Performance Dev Co Ltd 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000XG4"/>
          <ticker value="300144"/>
        </identifiers>
        <balance>19100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>41625.79</valUSD>
        <pctVal>0.4592852531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>B3 S.A. - Brasil, Bolsa, Balcao</name>
        <lei>4GTK5S46E6H318LMDS44</lei>
        <title>B3 S.A. - Brasil, Bolsa, Balcao COM NPV</title>
        <cusip>P1909G107</cusip>
        <identifiers>
          <isin value="BRB3SAACNOR6"/>
          <ticker value="BOLSF"/>
        </identifiers>
        <balance>55900</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.6438"/>
        <valUSD>117964.67</valUSD>
        <pctVal>1.3015833049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marel Hf</name>
        <lei>5299008YTLEN09WTHW26</lei>
        <title>Marel Hf ISK1</title>
        <cusip>X5187X105</cusip>
        <identifiers>
          <isin value="IS0000000388"/>
          <ticker value="MRRLF"/>
        </identifiers>
        <balance>3210</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8650519"/>
        <valUSD>21517.09</valUSD>
        <pctVal>0.2374124822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IS</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Companhia Brasileira De Distrb</name>
        <lei>5299003V5B6KLICZCC14</lei>
        <title>Companhia Brasileira De Distrb SPONSORED ADR</title>
        <cusip>20440T300</cusip>
        <identifiers>
          <isin value="US20440T3005"/>
          <ticker value="CBD"/>
        </identifiers>
        <balance>8181</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37305.36</valUSD>
        <pctVal>0.4116150519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jarir Marketing Company</name>
        <lei>N/A</lei>
        <title>Jarir Marketing Company SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0BLA62"/>
          <ticker value="JARIR"/>
        </identifiers>
        <balance>1292</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7509"/>
        <valUSD>69832.66</valUSD>
        <pctVal>0.7705105638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kweichow Moutai</name>
        <lei>N/A</lei>
        <title>Kweichow Moutai 'A'CNY1</title>
        <cusip>Y5070V116</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
          <ticker value="600519"/>
        </identifiers>
        <balance>100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>28585.18</valUSD>
        <pctVal>0.3153994586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Hengrui Me</name>
        <lei>N/A</lei>
        <title>Jiangsu Hengrui Me 'A'CNY1</title>
        <cusip>Y4446S105</cusip>
        <identifiers>
          <isin value="CNE0000014W7"/>
          <ticker value="600276"/>
        </identifiers>
        <balance>6480</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>49766.2</valUSD>
        <pctVal>0.5491038552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bupa Arabia For Co</name>
        <lei>558600B2WJHD5P31XS68</lei>
        <title>Bupa Arabia For Co SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA1210540914"/>
          <ticker value="BUPA"/>
        </identifiers>
        <balance>621</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7509"/>
        <valUSD>23937.91</valUSD>
        <pctVal>0.2641230125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fuyao Glass Industry Group Co.,Ltd</name>
        <lei>549300AS5CSLWETN0P64</lei>
        <title>Fuyao Glass Industry Group Co.,Ltd 'H' CNY1</title>
        <cusip>Y2680G100</cusip>
        <identifiers>
          <isin value="CNE100001TR7"/>
          <ticker value="3606"/>
        </identifiers>
        <balance>8400</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7805"/>
        <valUSD>48683.62</valUSD>
        <pctVal>0.5371590241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gree Electric Appliances, Inc. Of Zhuhai</name>
        <lei>655600UY069MU9JRAN62</lei>
        <title>Gree Electric Appliances, Inc. Of Zhuhai 'A'CNY1</title>
        <cusip>Y9890H109</cusip>
        <identifiers>
          <isin value="CNE0000001D4"/>
          <ticker value="000651"/>
        </identifiers>
        <balance>21000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.40765"/>
        <valUSD>119804.58</valUSD>
        <pctVal>1.3218842657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-11-23</ncom:dateSigned>
      <ncom:nameOfApplicant>HARDING LOEVNER FUNDS INC</ncom:nameOfApplicant>
      <ncom:signature>Tracy L. Dotolo</ncom:signature>
      <ncom:signerName>Tracy L. Dotolo</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
