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        <balance>686094.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZKH Group Ltd.</name>
        <lei>254900QALOZNXP1RWF32</lei>
        <title>ZKH Group Ltd., ADR</title>
        <cusip>98877R104</cusip>
        <identifiers>
          <isin value="US98877R1041"/>
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        <balance>67892.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>198244.64000000</valUSD>
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        <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>
          <loanByFundCondition isLoanByFund="Y" loanVal="194208.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kanzhun Ltd.</name>
        <lei>254900F4ZCBITP7L0251</lei>
        <title>Kanzhun Ltd., ADR</title>
        <cusip>48553T106</cusip>
        <identifiers>
          <isin value="US48553T1060"/>
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        <balance>238515.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3883024.20000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Yum China Holdings, Inc.</name>
        <lei>529900DO9BYZ7VA3K502</lei>
        <title>Yum China Holdings, Inc.</title>
        <cusip>98850P109</cusip>
        <identifiers>
          <isin value="US98850P1093"/>
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        <balance>181085.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8724675.30000000</valUSD>
        <pctVal>8.871010997984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QFIN HOLDINGS, INC.</name>
        <lei>836800R59NKEPDR6I240</lei>
        <title>QFIN HOLDINGS, INC., ADR</title>
        <cusip>88557W101</cusip>
        <identifiers>
          <isin value="US88557W1018"/>
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        <balance>74268.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1030839.84000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>GDS Holdings Ltd.</name>
        <lei>391200MGV8DDCHTN2R77</lei>
        <title>GDS Holdings Ltd., ADR</title>
        <cusip>36165L108</cusip>
        <identifiers>
          <isin value="US36165L1089"/>
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        <balance>58607.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1918793.18000000</valUSD>
        <pctVal>1.950976376466</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1854260.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>RLX Technology Inc.</name>
        <lei>984500EG5DBB2F7F4002</lei>
        <title>RLX Technology Inc., ADR</title>
        <cusip>74969N103</cusip>
        <identifiers>
          <isin value="US74969N1037"/>
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        <balance>435602.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>879916.04000000</valUSD>
        <pctVal>0.894674540855</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>
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      </invstOrSec>
      <invstOrSec>
        <name>So-Young International Inc.</name>
        <lei>984500B9F0H7D6BA5A92</lei>
        <title>So-Young International Inc., ADR</title>
        <cusip>83356Q108</cusip>
        <identifiers>
          <isin value="US83356Q1085"/>
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        <balance>49509.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91096.56000000</valUSD>
        <pctVal>0.092624488344</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="89638.89000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Hesai Group</name>
        <lei>836800KOYHURQT1JZY11</lei>
        <title>Hesai Group, ADR</title>
        <cusip>428050108</cusip>
        <identifiers>
          <isin value="US4280501085"/>
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        <balance>6267.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>105912.30000000</valUSD>
        <pctVal>0.107688727180</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="102676.20000000"/>
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      <invstOrSec>
        <name>BingEx Ltd.</name>
        <lei>N/A</lei>
        <title>BingEx Ltd., ADR</title>
        <cusip>090337106</cusip>
        <identifiers>
          <isin value="US0903371062"/>
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        <balance>25150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55833.00000000</valUSD>
        <pctVal>0.056769465913</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>
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      <invstOrSec>
        <name>Agora, Inc.</name>
        <lei>5493001S8SBPD13GC964</lei>
        <title>Agora, Inc., ADR</title>
        <cusip>00851L103</cusip>
        <identifiers>
          <isin value="US00851L1035"/>
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        <balance>45378.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>181512.00000000</valUSD>
        <pctVal>0.184556432520</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Tencent Music Entertainment Group</name>
        <lei>213800XTZK2GOHQTYK41</lei>
        <title>Tencent Music Entertainment Group, ADR</title>
        <cusip>88034P109</cusip>
        <identifiers>
          <isin value="US88034P1093"/>
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        <balance>332605.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3143117.25000000</valUSD>
        <pctVal>3.195835573698</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>
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      <invstOrSec>
        <name>Burning Rock Biotech Ltd.</name>
        <lei>5493006HO04GB8AQ2V43</lei>
        <title>Burning Rock Biotech Ltd., ADR</title>
        <cusip>12233L206</cusip>
        <identifiers>
          <isin value="US12233L2060"/>
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        <balance>3858.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33950.40000000</valUSD>
        <pctVal>0.034519837292</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>
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      <invstOrSec>
        <name>Gaotu Techedu Inc.</name>
        <lei>549300R5BPFFORR9ET36</lei>
        <title>Gaotu Techedu Inc., ADR</title>
        <cusip>36257Y109</cusip>
        <identifiers>
          <isin value="US36257Y1091"/>
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        <balance>93892.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>170883.44000000</valUSD>
        <pctVal>0.173749603680</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>
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      <invstOrSec>
        <name>Sohu.com Ltd.</name>
        <lei>N/A</lei>
        <title>Sohu.com Ltd., ADR</title>
        <cusip>83410S108</cusip>
        <identifiers>
          <isin value="US83410S1087"/>
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        <balance>16541.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>229423.67000000</valUSD>
        <pctVal>0.233271706944</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>
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      <invstOrSec>
        <name>ECARX Holdings Inc.</name>
        <lei>52990069BMNV7U0HPL62</lei>
        <title>ECARX Holdings Inc.</title>
        <cusip>G29201103</cusip>
        <identifiers>
          <isin value="KYG292011031"/>
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        <balance>207314.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219752.84000000</valUSD>
        <pctVal>0.223438671749</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="220949.54000000"/>
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      <invstOrSec>
        <name>Pony AI Inc.</name>
        <lei>9845006P7613D2A61368</lei>
        <title>Pony AI Inc., ADR</title>
        <cusip>732908108</cusip>
        <identifiers>
          <isin value="US7329081084"/>
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        <balance>12374.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97383.38000000</valUSD>
        <pctVal>0.099016754812</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="97265.00000000"/>
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      <invstOrSec>
        <name>JD.com, Inc.</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.com, Inc., ADR</title>
        <cusip>47215P106</cusip>
        <identifiers>
          <isin value="US47215P1066"/>
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        <balance>266526.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8798023.26000000</valUSD>
        <pctVal>8.945589195736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Baozun Inc.</name>
        <lei>549300IF0HZ7T4762633</lei>
        <title>Baozun Inc., ADR</title>
        <cusip>06684L103</cusip>
        <identifiers>
          <isin value="US06684L1035"/>
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        <balance>28247.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81068.89000000</valUSD>
        <pctVal>0.082428628006</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>
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      <invstOrSec>
        <name>Next Technology Holding Inc.</name>
        <lei>529900KMKRM7VE8RY236</lei>
        <title>Next Technology Holding Inc.</title>
        <cusip>961884301</cusip>
        <identifiers>
          <isin value="US9618843018"/>
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        <balance>66922.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32791.78000000</valUSD>
        <pctVal>0.033341784194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Daqo New Energy Corp.</name>
        <lei>529900711JBZ5O7VA827</lei>
        <title>Daqo New Energy Corp., ADR</title>
        <cusip>23703Q203</cusip>
        <identifiers>
          <isin value="US23703Q2030"/>
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        <balance>45802.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>557410.34000000</valUSD>
        <pctVal>0.566759574024</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Bilibili Inc.</name>
        <lei>5493008V60M52L3PIS45</lei>
        <title>Bilibili Inc., ADR</title>
        <cusip>090040106</cusip>
        <identifiers>
          <isin value="US0900401060"/>
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        <balance>72824.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1390938.40000000</valUSD>
        <pctVal>1.414268086735</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1348176.50000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Noah Holdings Ltd.</name>
        <lei>3003008QW3IHPD3NTU41</lei>
        <title>Noah Holdings Ltd., ADR</title>
        <cusip>65487X102</cusip>
        <identifiers>
          <isin value="US65487X1028"/>
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        <balance>25571.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>216074.95000000</valUSD>
        <pctVal>0.219699093883</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>Yatsen Holding Ltd.</name>
        <lei>N/A</lei>
        <title>Yatsen Holding Ltd., ADR</title>
        <cusip>985194208</cusip>
        <identifiers>
          <isin value="US9851942089"/>
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        <balance>44554.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>152820.22000000</valUSD>
        <pctVal>0.155383416083</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>Julong Holding Ltd.</name>
        <lei>N/A</lei>
        <title>Julong Holding Ltd.</title>
        <cusip>G5500K102</cusip>
        <identifiers>
          <isin value="KYG5500K1022"/>
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        <balance>7087.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44152.01000000</valUSD>
        <pctVal>0.044892555060</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>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lufax Holding Ltd.</name>
        <lei>254900TYH7RTK8E9NH16</lei>
        <title>Lufax Holding Ltd., ADR</title>
        <cusip>54975P201</cusip>
        <identifiers>
          <isin value="US54975P2011"/>
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        <balance>172973.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>269837.88000000</valUSD>
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        <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>KE Holdings Inc.</name>
        <lei>254900RHVY072XPAZE03</lei>
        <title>KE Holdings Inc., ADR</title>
        <cusip>482497104</cusip>
        <identifiers>
          <isin value="US4824971042"/>
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        <balance>132309.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2242637.55000000</valUSD>
        <pctVal>2.280252466305</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>Full Truck Alliance Co. Ltd.</name>
        <lei>984500884LB1DP8DAC57</lei>
        <title>Full Truck Alliance Co. Ltd., ADR</title>
        <cusip>35969L108</cusip>
        <identifiers>
          <isin value="US35969L1089"/>
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        <balance>402773.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3822315.77000000</valUSD>
        <pctVal>3.886426035068</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>
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      <invstOrSec>
        <name>FinVolution Group</name>
        <lei>3003000RAVUT809U6P08</lei>
        <title>FinVolution Group, ADR</title>
        <cusip>31810T101</cusip>
        <identifiers>
          <isin value="US31810T1016"/>
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        <balance>119724.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>580661.40000000</valUSD>
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        <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>
          <loanByFundCondition isLoanByFund="Y" loanVal="20538.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>High Templar Tech Ltd.</name>
        <lei>549300MY8WXPOW8RKH11</lei>
        <title>High Templar Tech Ltd., ADR</title>
        <cusip>747798106</cusip>
        <identifiers>
          <isin value="US7477981069"/>
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        <balance>123884.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>302276.96000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>VNET Group, Inc.</name>
        <lei>529900672GYJQ3T38I58</lei>
        <title>VNET Group, Inc., ADR</title>
        <cusip>90138A103</cusip>
        <identifiers>
          <isin value="US90138A1034"/>
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        <balance>90465.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>648634.05000000</valUSD>
        <pctVal>0.659513345008</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="658543.80000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Maase Inc.</name>
        <lei>N/A</lei>
        <title>Maase Inc.</title>
        <cusip>G4453R115</cusip>
        <identifiers>
          <isin value="KYG4453R1157"/>
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        <balance>219827.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3910722.33000000</valUSD>
        <pctVal>3.976315405055</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1187664.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>TAL Education Group</name>
        <lei>5493003PJZS0EC085V72</lei>
        <title>TAL Education Group, ADR</title>
        <cusip>874080104</cusip>
        <identifiers>
          <isin value="US8740801043"/>
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        <balance>256453.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3205662.50000000</valUSD>
        <pctVal>3.259429871656</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>
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      </invstOrSec>
      <invstOrSec>
        <name>DingDong (Cayman) Ltd.</name>
        <lei>549300S41MY2F7SBDG73</lei>
        <title>DingDong (Cayman) Ltd., ADR</title>
        <cusip>25445D101</cusip>
        <identifiers>
          <isin value="US25445D1019"/>
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        <balance>87044.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>223703.08000000</valUSD>
        <pctVal>0.227455167639</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="99462.00000000"/>
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      <invstOrSec>
        <name>NetEase, Inc.</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase, Inc., ADR</title>
        <cusip>64110W102</cusip>
        <identifiers>
          <isin value="US64110W1027"/>
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        <balance>49084.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6541424.68000000</valUSD>
        <pctVal>6.651141536323</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ATRenew Inc.</name>
        <lei>N/A</lei>
        <title>ATRenew Inc., ADR</title>
        <cusip>00138L108</cusip>
        <identifiers>
          <isin value="US00138L1089"/>
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        <balance>97875.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>414990.00000000</valUSD>
        <pctVal>0.421950471217</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>
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      </invstOrSec>
      <invstOrSec>
        <name>XPeng Inc.</name>
        <lei>549300TZNMIREMWQU857</lei>
        <title>XPeng Inc., ADR</title>
        <cusip>98422D105</cusip>
        <identifiers>
          <isin value="US98422D1054"/>
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        <balance>132862.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1727206.00000000</valUSD>
        <pctVal>1.756175776740</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="858821.70000000"/>
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      <invstOrSec>
        <name>Invesco Private Prime Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Prime Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CADIS_ID" value="2487474"/>
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        <balance>13480837.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13482185.08370000</valUSD>
        <pctVal>13.70831670427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="13482185.08370000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>MINISO Group Holding Ltd.</name>
        <lei>2549006PIKT2YKNBL092</lei>
        <title>MINISO Group Holding Ltd., ADR</title>
        <cusip>66981J102</cusip>
        <identifiers>
          <isin value="US66981J1025"/>
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        <balance>17735.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>230555.00000000</valUSD>
        <pctVal>0.234422012317</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>
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      <invstOrSec>
        <name>HUYA Inc.</name>
        <lei>549300WPEZ00T1MABE80</lei>
        <title>HUYA Inc., ADR</title>
        <cusip>44852D108</cusip>
        <identifiers>
          <isin value="US44852D1081"/>
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        <balance>58709.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143837.05000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd., ADR</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <isin value="US01609W1027"/>
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        <balance>61851.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7561284.75000000</valUSD>
        <pctVal>7.688107335770</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="5192292.16000000"/>
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      <invstOrSec>
        <name>Vipshop Holdings Ltd.</name>
        <lei>549300I9F52K06HPZX60</lei>
        <title>Vipshop Holdings Ltd., ADR</title>
        <cusip>92763W103</cusip>
        <identifiers>
          <isin value="US92763W1036"/>
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        <balance>253653.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3891037.02000000</valUSD>
        <pctVal>3.956299920753</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>
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      <invstOrSec>
        <name>Weibo Corp.</name>
        <lei>549300Q9ID4640FE0422</lei>
        <title>Weibo Corp., ADR</title>
        <cusip>948596101</cusip>
        <identifiers>
          <isin value="US9485961018"/>
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        <balance>49486.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>403310.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>H World Group Ltd.</name>
        <lei>549300Y5ML31FVN83730</lei>
        <title>H World Group Ltd., ADR</title>
        <cusip>44332N106</cusip>
        <identifiers>
          <isin value="US44332N1063"/>
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        <balance>84622.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3612513.18000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>New Oriental Education &amp; Technology Group Inc.</name>
        <lei>529900NHZVBZQZ8EKN29</lei>
        <title>New Oriental Education &amp; Technology Group Inc., ADR</title>
        <cusip>647581206</cusip>
        <identifiers>
          <isin value="US6475812060"/>
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        <balance>63839.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3759478.71000000</valUSD>
        <pctVal>3.822535032690</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>
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      <invstOrSec>
        <name>Tuya Inc.</name>
        <lei>254900XKWS2MIZHXCO08</lei>
        <title>Tuya Inc., ADR</title>
        <cusip>90114C107</cusip>
        <identifiers>
          <isin value="US90114C1071"/>
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        <balance>149908.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>251845.44000000</valUSD>
        <pctVal>0.256069548861</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc., ADR</title>
        <cusip>056752108</cusip>
        <identifiers>
          <isin value="US0567521085"/>
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        <balance>56784.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6309270.24000000</valUSD>
        <pctVal>6.415093257201</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="942062.20000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Autohome Inc.</name>
        <lei>529900NYB6ZGZN3MVT56</lei>
        <title>Autohome Inc., ADR</title>
        <cusip>05278C107</cusip>
        <identifiers>
          <isin value="US05278C1071"/>
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        <balance>41794.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>970456.68000000</valUSD>
        <pctVal>0.986733784963</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="100628.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EHang Holdings Ltd.</name>
        <lei>529900RPWTHQC2WF6O10</lei>
        <title>EHang Holdings Ltd., ADR</title>
        <cusip>26853E102</cusip>
        <identifiers>
          <isin value="US26853E1029"/>
        </identifiers>
        <balance>33580.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>172265.40000000</valUSD>
        <pctVal>0.175154742775</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="172203.92000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mmtec, Inc.</name>
        <lei>N/A</lei>
        <title>Mmtec, Inc.</title>
        <cusip>G6181K122</cusip>
        <identifiers>
          <isin value="VGG6181K1223"/>
        </identifiers>
        <balance>61606.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>250120.36000000</valUSD>
        <pctVal>0.254315534743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Solar Inc.</name>
        <lei>5493001XSC6TKMBVOM15</lei>
        <title>Canadian Solar Inc.</title>
        <cusip>136635109</cusip>
        <identifiers>
          <isin value="CA1366351098"/>
        </identifiers>
        <balance>41952.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>632636.16000000</valUSD>
        <pctVal>0.643247128415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="474917.76000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kingsoft Cloud Holdings Ltd.</name>
        <lei>875500HZE0VKCD0Z8K15</lei>
        <title>Kingsoft Cloud Holdings Ltd., ADR</title>
        <cusip>49639K101</cusip>
        <identifiers>
          <isin value="US49639K1016"/>
        </identifiers>
        <balance>13679.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>152520.85000000</valUSD>
        <pctVal>0.155079024863</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="136890.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Government &amp; Agency Portfolio</name>
        <lei>5493007T1J7WZ5QI1A47</lei>
        <title>Invesco Government &amp; Agency Portfolio, Institutional Class</title>
        <cusip>825252885</cusip>
        <identifiers>
          <isin value="US8252528851"/>
        </identifiers>
        <balance>242791.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>242791.00000000</valUSD>
        <pctVal>0.246863242144</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>ZTO Express (Cayman) Inc.</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO Express (Cayman) Inc., ADR</title>
        <cusip>98980A105</cusip>
        <identifiers>
          <isin value="US98980A1051"/>
        </identifiers>
        <balance>96059.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2307337.18000000</valUSD>
        <pctVal>2.346037278870</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>Niu Technologies</name>
        <lei>549300NJKNSC80EVQ065</lei>
        <title>Niu Technologies, ADR</title>
        <cusip>65481N100</cusip>
        <identifiers>
          <isin value="US65481N1000"/>
        </identifiers>
        <balance>32745.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84809.55000000</valUSD>
        <pctVal>0.086232028690</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>Zai Lab Ltd.</name>
        <lei>549300P2UYQ9U5LY1T58</lei>
        <title>Zai Lab Ltd., ADR</title>
        <cusip>98887Q104</cusip>
        <identifiers>
          <isin value="US98887Q1040"/>
        </identifiers>
        <balance>20368.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>372123.36000000</valUSD>
        <pctVal>0.378364845184</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="187563.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iQIYI, Inc.</name>
        <lei>222100XL8T2Q5B8MS302</lei>
        <title>iQIYI, Inc., ADR</title>
        <cusip>46267X108</cusip>
        <identifiers>
          <isin value="US46267X1081"/>
        </identifiers>
        <balance>324606.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>412249.62000000</valUSD>
        <pctVal>0.419164127854</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>Invesco Private Government Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Government Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CADIS_ID" value="2442116"/>
        </identifiers>
        <balance>7081875.78000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7081875.78000000</valUSD>
        <pctVal>7.200657419393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="7081875.78000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chagee Holdings Ltd.</name>
        <lei>984500EBA7IRCB66FD03</lei>
        <title>Chagee Holdings Ltd., ADR</title>
        <cusip>15743P104</cusip>
        <identifiers>
          <isin value="US15743P1049"/>
        </identifiers>
        <balance>52784.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>593820.00000000</valUSD>
        <pctVal>0.603779919560</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="503561.19000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LexinFintech Holdings Ltd.</name>
        <lei>549300F9QU71NQ28CS19</lei>
        <title>LexinFintech Holdings Ltd., ADR</title>
        <cusip>528877103</cusip>
        <identifiers>
          <isin value="US5288771034"/>
        </identifiers>
        <balance>91690.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>133867.40000000</valUSD>
        <pctVal>0.136112707560</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>Zhihu Inc.</name>
        <lei>N/A</lei>
        <title>Zhihu Inc., ADR</title>
        <cusip>98955N207</cusip>
        <identifiers>
          <isin value="US98955N2071"/>
        </identifiers>
        <balance>26280.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>85935.60000000</valUSD>
        <pctVal>0.087376965503</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>Youdao, Inc.</name>
        <lei>N/A</lei>
        <title>Youdao, Inc., ADR</title>
        <cusip>98741T104</cusip>
        <identifiers>
          <isin value="US98741T1043"/>
        </identifiers>
        <balance>23378.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>392750.40000000</valUSD>
        <pctVal>0.399337854769</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="318609.31000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JinkoSolar Holding Co., Ltd.</name>
        <lei>529900Y93WNCS05FG852</lei>
        <title>JinkoSolar Holding Co., Ltd., ADR</title>
        <cusip>47759T100</cusip>
        <identifiers>
          <isin value="US47759T1007"/>
        </identifiers>
        <balance>23363.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>353715.82000000</valUSD>
        <pctVal>0.359648562437</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>Xunlei Ltd.</name>
        <lei>529900PYSOIKBMQIQY91</lei>
        <title>Xunlei Ltd., ADR</title>
        <cusip>98419E108</cusip>
        <identifiers>
          <isin value="US98419E1082"/>
        </identifiers>
        <balance>33796.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>180470.64000000</valUSD>
        <pctVal>0.183497606180</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="116352.62000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hello Group Inc.</name>
        <lei>549300YMGLID32W48529</lei>
        <title>Hello Group Inc., ADR</title>
        <cusip>423403104</cusip>
        <identifiers>
          <isin value="US4234031049"/>
        </identifiers>
        <balance>107377.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>643188.23000000</valUSD>
        <pctVal>0.653976184317</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>Adagene Inc.</name>
        <lei>875500IY38EWGFPSEV72</lei>
        <title>Adagene Inc., ADR</title>
        <cusip>005329107</cusip>
        <identifiers>
          <isin value="US0053291078"/>
        </identifiers>
        <balance>42285.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>158568.75000000</valUSD>
        <pctVal>0.161228364015</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="4849.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Li Auto Inc.</name>
        <lei>2549003R73Q70J5H4I65</lei>
        <title>Li Auto Inc., ADR</title>
        <cusip>50202M102</cusip>
        <identifiers>
          <isin value="US50202M1027"/>
        </identifiers>
        <balance>127184.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1733517.92000000</valUSD>
        <pctVal>1.762593564201</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1672975.84000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
