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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JOYY, Inc.</name>
        <lei>549300N6CHVU5CQZPW24</lei>
        <title>JOYY, Inc., ADR</title>
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          <isin value="US46591M1099"/>
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        <balance>51741.00000000</balance>
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        <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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kandi Technologies Group, Inc.</name>
        <lei>529900TXUELWMVI79005</lei>
        <title>Kandi Technologies Group, Inc.</title>
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          <isin value="US4837091010"/>
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        <balance>65999.00000000</balance>
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        <curCd>USD</curCd>
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        <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>
      <invstOrSec>
        <name>China Petroleum &amp; Chemical Corp.</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>China Petroleum &amp; Chemical Corp., ADR</title>
        <cusip>16941R108</cusip>
        <identifiers>
          <isin value="US16941R1086"/>
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        <balance>11534.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kaixin Auto Holdings</name>
        <lei>549300WYFZM867Q8Q259</lei>
        <title>Kaixin Auto Holdings</title>
        <cusip>G5223X100</cusip>
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          <isin value="KYG5223X1007"/>
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        <balance>55136.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>202349.12000000</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>
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      <invstOrSec>
        <name>Kingsoft Cloud Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Kingsoft Cloud Holdings Ltd., ADR</title>
        <cusip>49639K101</cusip>
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          <isin value="US49639K1016"/>
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        <balance>47145.00000000</balance>
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        <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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Xunlei Ltd.</name>
        <lei>529900PYSOIKBMQIQY91</lei>
        <title>Xunlei Ltd., ADR</title>
        <cusip>98419E108</cusip>
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          <isin value="US98419E1082"/>
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        <balance>36502.00000000</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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nam Tai Property, Inc.</name>
        <lei>529900O97Q8EBC2RBV34</lei>
        <title>Nam Tai Property, Inc.</title>
        <cusip>G63907102</cusip>
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          <isin value="VGG639071023"/>
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        <balance>35353.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>290248.13000000</valUSD>
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        <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>
          <loanByFundCondition isLoanByFund="Y" loanVal="31590.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Qutoutiao Inc.</name>
        <lei>N/A</lei>
        <title>Qutoutiao Inc., ADR</title>
        <cusip>74915J107</cusip>
        <identifiers>
          <isin value="US74915J1079"/>
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        <balance>109892.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>336269.52000000</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="345280.00000000"/>
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      <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"/>
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        <balance>366010.02000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>366010.02000000</valUSD>
        <pctVal>0.130953382007</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Genetron Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Genetron Holdings Ltd., ADR</title>
        <cusip>37186H100</cusip>
        <identifiers>
          <isin value="US37186H1005"/>
        </identifiers>
        <balance>14584.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>336161.20000000</valUSD>
        <pctVal>0.120273882227</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>SPI Energy Co. Ltd.</name>
        <lei>549300K7TD5EMOM7D333</lei>
        <title>SPI Energy Co. Ltd.</title>
        <cusip>G8651P110</cusip>
        <identifiers>
          <isin value="KYG8651P1101"/>
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        <balance>20552.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>200382.00000000</valUSD>
        <pctVal>0.071693940491</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>Zai Lab Ltd.</name>
        <lei>549300P2UYQ9U5LY1T58</lei>
        <title>Zai Lab Ltd., ADR</title>
        <cusip>98887Q104</cusip>
        <identifiers>
          <isin value="US98887Q1040"/>
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        <balance>51510.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8245205.70000000</valUSD>
        <pctVal>2.950021892183</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>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>53645.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4723978.70000000</valUSD>
        <pctVal>1.690175004755</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>N/A</lei>
        <title>Burning Rock Biotech Ltd., ADR</title>
        <cusip>12233L107</cusip>
        <identifiers>
          <isin value="US12233L1070"/>
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        <balance>14153.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>426996.01000000</valUSD>
        <pctVal>0.152773335585</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>China Life Insurance Co. Ltd.</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>China Life Insurance Co. Ltd., ADR</title>
        <cusip>16939P106</cusip>
        <identifiers>
          <isin value="US16939P1066"/>
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        <balance>22911.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>243773.04000000</valUSD>
        <pctVal>0.087218661473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TD Holdings, Inc.</name>
        <lei>54930031878K0FR3JC36</lei>
        <title>TD Holdings, Inc.</title>
        <cusip>87250W103</cusip>
        <identifiers>
          <isin value="US87250W1036"/>
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        <balance>73232.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>178686.08000000</valUSD>
        <pctVal>0.063931436886</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>Bright Scholar Education Holdings Ltd.</name>
        <lei>30030029PAIA7JHF7N33</lei>
        <title>Bright Scholar Education Holdings Ltd., ADR</title>
        <cusip>109199109</cusip>
        <identifiers>
          <isin value="US1091991091"/>
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        <balance>23301.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>140738.04000000</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>
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      <invstOrSec>
        <name>Up Fintech Holding Ltd.</name>
        <lei>213800JJDNMAG3L84P54</lei>
        <title>Up Fintech Holding Ltd., ADR</title>
        <cusip>91531W106</cusip>
        <identifiers>
          <isin value="US91531W1062"/>
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        <balance>58846.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>928589.88000000</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>
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          <loanByFundCondition isLoanByFund="Y" loanVal="846973.12000000"/>
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      <invstOrSec>
        <name>111, Inc.</name>
        <lei>549300IRZ6WV1NLO5Z75</lei>
        <title>111, Inc., ADR</title>
        <cusip>68247Q102</cusip>
        <identifiers>
          <isin value="US68247Q1022"/>
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        <balance>23268.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>256413.36000000</valUSD>
        <pctVal>0.091741195183</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>OneConnect Financial Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>OneConnect Financial Technology Co. Ltd., ADR</title>
        <cusip>68248T105</cusip>
        <identifiers>
          <isin value="US68248T1051"/>
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        <balance>85213.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1748570.76000000</valUSD>
        <pctVal>0.625614715959</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>Huami Corp.</name>
        <lei>N/A</lei>
        <title>Huami Corp., ADR</title>
        <cusip>44331K103</cusip>
        <identifiers>
          <isin value="US44331K1034"/>
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        <balance>29936.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>410422.56000000</valUSD>
        <pctVal>0.146843581724</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>Viomi Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Viomi Technology Co. Ltd., ADR</title>
        <cusip>92762J103</cusip>
        <identifiers>
          <isin value="US92762J1034"/>
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        <balance>32760.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>245044.80000000</valUSD>
        <pctVal>0.087673679816</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="766.00000000"/>
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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>374428.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10266815.76000000</valUSD>
        <pctVal>3.673326337390</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>Huazhu Group Ltd.</name>
        <lei>549300Y5ML31FVN83730</lei>
        <title>Huazhu Group Ltd., ADR</title>
        <cusip>44332N106</cusip>
        <identifiers>
          <isin value="US44332N1063"/>
        </identifiers>
        <balance>138728.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6728308.00000000</valUSD>
        <pctVal>2.407296630253</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>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc., ADR</title>
        <cusip>056752108</cusip>
        <identifiers>
          <isin value="US0567521085"/>
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        <balance>137361.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32282582.22000000</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>LexinFintech Holdings Ltd.</name>
        <lei>549300F9QU71NQ28CS19</lei>
        <title>LexinFintech Holdings Ltd., ADR</title>
        <cusip>528877103</cusip>
        <identifiers>
          <isin value="US5288771034"/>
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        <balance>98854.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>768095.58000000</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="81655.56000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Momo, Inc.</name>
        <lei>549300YMGLID32W48529</lei>
        <title>Momo, Inc., ADR</title>
        <cusip>60879B107</cusip>
        <identifiers>
          <isin value="US60879B1070"/>
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        <balance>150597.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2301122.16000000</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>Canadian Solar, Inc.</name>
        <lei>5493001XSC6TKMBVOM15</lei>
        <title>Canadian Solar, Inc.</title>
        <cusip>136635109</cusip>
        <identifiers>
          <isin value="CA1366351098"/>
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        <balance>54558.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2987050.50000000</valUSD>
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        <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>
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      <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>115657.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13172175.73000000</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>103216.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10689048.96000000</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="4303630.21000000"/>
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      <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"/>
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        <balance>7576153.54000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7576153.54000000</valUSD>
        <pctVal>2.710644174898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="7576153.54000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>360 DigiTech, Inc.</name>
        <lei>N/A</lei>
        <title>360 DigiTech, Inc., ADR</title>
        <cusip>88557W101</cusip>
        <identifiers>
          <isin value="US88557W1018"/>
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        <balance>115128.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2003227.20000000</valUSD>
        <pctVal>0.716727309182</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>RISE Education Cayman Ltd.</name>
        <lei>N/A</lei>
        <title>RISE Education Cayman Ltd., ADR</title>
        <cusip>76761L102</cusip>
        <identifiers>
          <isin value="US76761L1026"/>
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        <balance>20811.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119247.03000000</valUSD>
        <pctVal>0.042664957294</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>iQIYI, Inc.</name>
        <lei>222100XL8T2Q5B8MS302</lei>
        <title>iQIYI, Inc., ADR</title>
        <cusip>46267X108</cusip>
        <identifiers>
          <isin value="US46267X1081"/>
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        <balance>291788.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6375567.80000000</valUSD>
        <pctVal>2.281091008451</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>
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      <invstOrSec>
        <name>Canaan, Inc.</name>
        <lei>N/A</lei>
        <title>Canaan, Inc., ADR</title>
        <cusip>134748102</cusip>
        <identifiers>
          <isin value="US1347481020"/>
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        <balance>89278.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>407107.68000000</valUSD>
        <pctVal>0.145657562973</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="425704.00000000"/>
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      <invstOrSec>
        <name>Ebang International Holdings, Inc.</name>
        <lei>5493003ALD4F1DLNRZ68</lei>
        <title>Ebang International Holdings, Inc., Class A</title>
        <cusip>G3R33A106</cusip>
        <identifiers>
          <isin value="KYG3R33A1063"/>
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        <balance>77016.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>395092.08000000</valUSD>
        <pctVal>0.141358545539</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="184266.00000000"/>
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      <invstOrSec>
        <name>Pinduoduo, Inc.</name>
        <lei>5493000573DS7005T657</lei>
        <title>Pinduoduo, Inc., ADR</title>
        <cusip>722304102</cusip>
        <identifiers>
          <isin value="US7223041028"/>
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        <balance>137500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22785125.00000000</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>ZTO Express Cayman, Inc.</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO Express Cayman, Inc., ADR</title>
        <cusip>98980A105</cusip>
        <identifiers>
          <isin value="US98980A1051"/>
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        <balance>338618.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11201483.44000000</valUSD>
        <pctVal>4.007737656918</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>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>11372731.21000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11377280.41000000</valUSD>
        <pctVal>4.070635409740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="11377280.41000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dada Nexus Ltd.</name>
        <lei>655600D3KK4AC093RT71</lei>
        <title>Dada Nexus Ltd., ADR</title>
        <cusip>23344D108</cusip>
        <identifiers>
          <isin value="US23344D1081"/>
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        <balance>20408.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>843666.72000000</valUSD>
        <pctVal>0.301852419971</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="13314.64000000"/>
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      <invstOrSec>
        <name>So-Young International, Inc.</name>
        <lei>N/A</lei>
        <title>So-Young International, Inc., ADR</title>
        <cusip>83356Q108</cusip>
        <identifiers>
          <isin value="US83356Q1085"/>
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        <balance>51717.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>603537.39000000</valUSD>
        <pctVal>0.215937428128</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>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>72592.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18426027.36000000</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>Trip.com Group Ltd.</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd., ADR</title>
        <cusip>89677Q107</cusip>
        <identifiers>
          <isin value="US89677Q1076"/>
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        <balance>284691.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9061714.53000000</valUSD>
        <pctVal>3.242157590345</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>51job, Inc.</name>
        <lei>52990088ZF32Q8YHCJ53</lei>
        <title>51job, Inc., ADR</title>
        <cusip>316827104</cusip>
        <identifiers>
          <isin value="US3168271043"/>
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        <balance>36503.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2404087.58000000</valUSD>
        <pctVal>0.860149673612</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>Li Auto, Inc.</name>
        <lei>N/A</lei>
        <title>Li Auto, Inc., ADR</title>
        <cusip>50202M102</cusip>
        <identifiers>
          <isin value="US50202M1027"/>
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        <balance>100933.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3255089.25000000</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>Autohome, Inc.</name>
        <lei>529900NYB6ZGZN3MVT56</lei>
        <title>Autohome, Inc., ADR</title>
        <cusip>05278C107</cusip>
        <identifiers>
          <isin value="US05278C1071"/>
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        <balance>56745.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6255001.35000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>I-Mab</name>
        <lei>549300L1A5T19703RR64</lei>
        <title>I-Mab, ADR</title>
        <cusip>44975P103</cusip>
        <identifiers>
          <isin value="US44975P1030"/>
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        <balance>14353.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>780659.67000000</valUSD>
        <pctVal>0.279309358751</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>21Vianet Group, Inc.</name>
        <lei>529900672GYJQ3T38I58</lei>
        <title>21Vianet Group, Inc., ADR</title>
        <cusip>90138A103</cusip>
        <identifiers>
          <isin value="US90138A1034"/>
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        <balance>95107.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3588387.11000000</valUSD>
        <pctVal>1.283875856745</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>Qudian, Inc.</name>
        <lei>549300MY8WXPOW8RKH11</lei>
        <title>Qudian, Inc., ADR</title>
        <cusip>747798106</cusip>
        <identifiers>
          <isin value="US7477981069"/>
        </identifiers>
        <balance>174501.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>350747.01000000</valUSD>
        <pctVal>0.125492485665</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="340452.64000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CBAK Energy Technology, Inc.</name>
        <lei>N/A</lei>
        <title>CBAK Energy Technology, Inc.</title>
        <cusip>14986C102</cusip>
        <identifiers>
          <isin value="US14986C1027"/>
        </identifiers>
        <balance>70156.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>516348.16000000</valUSD>
        <pctVal>0.184742313462</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="509580.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hailiang Education Group, Inc.</name>
        <lei>N/A</lei>
        <title>Hailiang Education Group, Inc., ADR</title>
        <cusip>40522L108</cusip>
        <identifiers>
          <isin value="US40522L1089"/>
        </identifiers>
        <balance>2711.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159000.15000000</valUSD>
        <pctVal>0.056888080228</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>China Online Education Group</name>
        <lei>52990045P3PXKHZWLL90</lei>
        <title>China Online Education Group, ADR</title>
        <cusip>16954L105</cusip>
        <identifiers>
          <isin value="US16954L1052"/>
        </identifiers>
        <balance>11370.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>261510.00000000</valUSD>
        <pctVal>0.093564703306</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="2384.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fanhua, Inc.</name>
        <lei>254900NUPTYHZ8HHTK43</lei>
        <title>Fanhua, Inc., ADR</title>
        <cusip>30712A103</cusip>
        <identifiers>
          <isin value="US30712A1034"/>
        </identifiers>
        <balance>30236.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>486497.24000000</valUSD>
        <pctVal>0.174062062331</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="420082.75000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Oriental Education &amp; Technology Group, Inc.</name>
        <lei>529900NHZVBZQZ8EKN29</lei>
        <title>New Oriental Education &amp; Technology Group, Inc., ADR</title>
        <cusip>647581107</cusip>
        <identifiers>
          <isin value="US6475811070"/>
        </identifiers>
        <balance>58009.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9716507.50000000</valUSD>
        <pctVal>3.476433564363</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>Meten EdtechX Education Group Ltd.</name>
        <lei>N/A</lei>
        <title>Meten EdtechX Education Group Ltd.</title>
        <cusip>G6055H114</cusip>
        <identifiers>
          <isin value="KYG6055H1149"/>
        </identifiers>
        <balance>48602.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98662.06000000</valUSD>
        <pctVal>0.035299936413</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="382.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hollysys Automation Technologies Ltd.</name>
        <lei>2549008FKCB1PSUOZ583</lei>
        <title>Hollysys Automation Technologies Ltd.</title>
        <cusip>G45667105</cusip>
        <identifiers>
          <isin value="VGG456671053"/>
        </identifiers>
        <balance>55198.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>768356.16000000</valUSD>
        <pctVal>0.274907331055</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>Sohu.com Ltd.</name>
        <lei>N/A</lei>
        <title>Sohu.com Ltd., ADR</title>
        <cusip>83410S108</cusip>
        <identifiers>
          <isin value="US83410S1087"/>
        </identifiers>
        <balance>36512.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>655390.40000000</valUSD>
        <pctVal>0.234489726305</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>Noah Holdings Ltd.</name>
        <lei>3003008QW3IHPD3NTU41</lei>
        <title>Noah Holdings Ltd., ADR</title>
        <cusip>65487X102</cusip>
        <identifiers>
          <isin value="US65487X1028"/>
        </identifiers>
        <balance>30144.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1434854.40000000</valUSD>
        <pctVal>0.513371290675</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>JinkoSolar Holding Co. Ltd.</name>
        <lei>529900Y93WNCS05FG852</lei>
        <title>JinkoSolar Holding Co. Ltd., ADR</title>
        <cusip>47759T100</cusip>
        <identifiers>
          <isin value="US47759T1007"/>
        </identifiers>
        <balance>32943.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2042136.57000000</valUSD>
        <pctVal>0.730648549899</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>NetEase, Inc.</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase, Inc., ADR</title>
        <cusip>64110W102</cusip>
        <identifiers>
          <isin value="US64110W1027"/>
        </identifiers>
        <balance>211234.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24289797.66000000</valUSD>
        <pctVal>8.690557575016</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>JD.com, Inc.</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.com, Inc., ADR</title>
        <cusip>47215P106</cusip>
        <identifiers>
          <isin value="US47215P1066"/>
        </identifiers>
        <balance>223633.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19834010.77000000</valUSD>
        <pctVal>7.096337933849</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>Bit Digital, Inc.</name>
        <lei>N/A</lei>
        <title>Bit Digital, Inc.</title>
        <cusip>G1144A105</cusip>
        <identifiers>
          <isin value="KYG1144A1058"/>
        </identifiers>
        <balance>40822.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>792763.24000000</valUSD>
        <pctVal>0.283639850649</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="782029.88000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LightInTheBox Holding Co. Ltd.</name>
        <lei>5493003DZYU05P53HU52</lei>
        <title>LightInTheBox Holding Co. Ltd., ADR</title>
        <cusip>53225G102</cusip>
        <identifiers>
          <isin value="US53225G1022"/>
        </identifiers>
        <balance>59157.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161498.61000000</valUSD>
        <pctVal>0.057781995063</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>36014.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1574892.22000000</valUSD>
        <pctVal>0.563474908434</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="428891.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAL Education Group</name>
        <lei>5493003PJZS0EC085V72</lei>
        <title>TAL Education Group, ADR</title>
        <cusip>874080104</cusip>
        <identifiers>
          <isin value="US8740801043"/>
        </identifiers>
        <balance>136502.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10494273.76000000</valUSD>
        <pctVal>3.754707700569</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>Weibo Corp.</name>
        <lei>549300Q9ID4640FE0422</lei>
        <title>Weibo Corp., ADR</title>
        <cusip>948596101</cusip>
        <identifiers>
          <isin value="US9485961018"/>
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        <balance>68985.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3144336.30000000</valUSD>
        <pctVal>1.125000546849</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>Uxin Ltd.</name>
        <lei>549300OV7Z440PI54J04</lei>
        <title>Uxin Ltd., ADR</title>
        <cusip>91818X108</cusip>
        <identifiers>
          <isin value="US91818X1081"/>
        </identifiers>
        <balance>218702.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>240572.20000000</valUSD>
        <pctVal>0.086073444674</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>NiSun International Enterprise Development Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>NiSun International Enterprise Development Group Co. Ltd.</title>
        <cusip>G6593L106</cusip>
        <identifiers>
          <isin value="VGG6593L1067"/>
        </identifiers>
        <balance>16068.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>309630.36000000</valUSD>
        <pctVal>0.110781510336</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="270477.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Sheri Morris</ncom:signature>
      <ncom:signerName>Sheri Morris</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
