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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2029E1052"/>
          <ticker value="1164"/>
          <other otherDesc="SEDOL" value="B755514"/>
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        <balance>249472.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>123887.35000000</valUSD>
        <pctVal>1.911528834689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NAURA Technology Group Co Ltd.</name>
        <lei>300300JI5I0B95GO5C39</lei>
        <title>NAURA Technology Group Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000ML7"/>
          <ticker value="002371"/>
          <other otherDesc="SEDOL" value="BD5LYF1"/>
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        <balance>800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>52610.61000000</valUSD>
        <pctVal>0.811759215332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fuyao Glass Industry Group Co Ltd.</name>
        <lei>549300AS5CSLWETN0P64</lei>
        <title>Fuyao Glass Industry Group Co Ltd. 'H' CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001TR7"/>
          <ticker value="3606"/>
          <other otherDesc="SEDOL" value="BWGCFG4"/>
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        <balance>9174.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>69011.03000000</valUSD>
        <pctVal>1.064810682903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INNOVENT BIOLOGICS INC</name>
        <lei>25490058ONL9SCIE1R22</lei>
        <title>Innovent Biologics Inc. USD0.00001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4818G1010"/>
          <ticker value="1801"/>
          <other otherDesc="SEDOL" value="BGR6KX5"/>
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        <balance>400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>4399.83000000</valUSD>
        <pctVal>0.067887495476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Huaxin Building Materials Group Co Ltd.</name>
        <lei>300300SD5S95ZOS05G37</lei>
        <title>Huaxin Building Materials Group Co Ltd. CNY1 H</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000057N3"/>
          <ticker value="6655"/>
          <other otherDesc="SEDOL" value="BLF99X4"/>
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        <balance>30800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>63254.04000000</valUSD>
        <pctVal>0.975982788966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI ILUVATAR COREX SEMICONDUCTOR CO LTD</name>
        <lei>N/A</lei>
        <title>Shanghai Iluvatar Corex Semiconductor Co Ltd. CNY1 H</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100007DV0"/>
          <ticker value="9903"/>
          <other otherDesc="SEDOL" value="BT9QTZ9"/>
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        <balance>1400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>37708.51000000</valUSD>
        <pctVal>0.581826184660</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>
      <invstOrSec>
        <name>NEW HORIZON HEALTH LTD</name>
        <lei>6556003WN0RS45SU3L67</lei>
        <title>New Horizon Health Limited USD0.00005</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6485S1021"/>
          <ticker value="6606"/>
          <other otherDesc="SEDOL" value="BKPS6M2"/>
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        <balance>19176.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JD.COM INC</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.com Inc. USD0.00002 A CLASS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8208B1014"/>
          <ticker value="9618"/>
          <other otherDesc="SEDOL" value="BKPQZT6"/>
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        <balance>50.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>737.03000000</valUSD>
        <pctVal>0.011372057736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASMPT LTD</name>
        <lei>529900PYFA1HFYKPT360</lei>
        <title>ASMPT Ltd. HKD0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG0535Q1331"/>
          <ticker value="522"/>
          <other otherDesc="SEDOL" value="6002453"/>
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        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>31065.04000000</valUSD>
        <pctVal>0.479320283392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chifeng Jilong Gold Mining Group Ltd.</name>
        <lei>300300PUFBCIZ7STN538</lei>
        <title>Chifeng Jilong Gold Mining Group Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001H94"/>
          <ticker value="600988"/>
          <other otherDesc="SEDOL" value="BZ0D1S8"/>
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        <balance>7700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>49017.71000000</valUSD>
        <pctVal>0.756322304702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POCO Holding Co Ltd</name>
        <lei>N/A</lei>
        <title>POCO Holding Co Ltd A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003R31"/>
          <ticker value="300811"/>
          <other otherDesc="SEDOL" value="BL6D2F8"/>
        </identifiers>
        <balance>16600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>182933.12000000</valUSD>
        <pctVal>2.822579817066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Naspers Limited</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>Naspers Limited NPV(POST SPLT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000351946"/>
          <ticker value="NPN"/>
          <other otherDesc="SEDOL" value="BV2FFX7"/>
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        <balance>5634.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.92125000"/>
        <valUSD>291429.97000000</valUSD>
        <pctVal>4.496639817930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS ENERGY SHIPPING CO LTD</name>
        <lei>N/A</lei>
        <title>China Merchants Energy Shipping Company Limited 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001PQ8"/>
          <ticker value="601872"/>
          <other otherDesc="SEDOL" value="BP3R8G4"/>
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        <balance>16400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>38990.92000000</valUSD>
        <pctVal>0.601613222585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd. HKD0.00002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
          <ticker value="700"/>
          <other otherDesc="SEDOL" value="BMMV2K8"/>
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        <balance>8886.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>560461.18000000</valUSD>
        <pctVal>8.647676347055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Muyuan Foods Group Co Ltd.</name>
        <lei>3003006NCTDQW4KZR676</lei>
        <title>Muyuan Foods Group Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001RQ3"/>
          <ticker value="002714"/>
          <other otherDesc="SEDOL" value="BD5CJX7"/>
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        <balance>1100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>6660.29000000</valUSD>
        <pctVal>0.102765426675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BYD Co Ltd.</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
          <ticker value="1211"/>
          <other otherDesc="SEDOL" value="6536651"/>
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        <balance>7500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>102535.03000000</valUSD>
        <pctVal>1.582071667614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sungrow Power Supply Co Ltd.</name>
        <lei>30030052IWC7RGVFG505</lei>
        <title>Sungrow Power Supply Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000018M7"/>
          <ticker value="300274"/>
          <other otherDesc="SEDOL" value="BD5CGB4"/>
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        <balance>4100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>91193.02000000</valUSD>
        <pctVal>1.407069303302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LENS TECHNOLOGY COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Lens Technology Co Ltd. CNY1 H</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000070N6"/>
          <ticker value="6613"/>
          <other otherDesc="SEDOL" value="BVMQ8J7"/>
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        <balance>13142.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>34452.21000000</valUSD>
        <pctVal>0.531582868095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Rural Commercial Bank Co Ltd.</name>
        <lei>300300C1126750000027</lei>
        <title>Chongqing Rural Commercial Bank Co Ltd. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003NZ9"/>
          <ticker value="601077"/>
          <other otherDesc="SEDOL" value="BJLWMG7"/>
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        <balance>28000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>28585.97000000</valUSD>
        <pctVal>0.441069293374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Fudan Microelectronics Group Company Ltd.</name>
        <lei>300300MN0B6IF027O317</lei>
        <title>Shanghai Fudan Microelectronics Group Company Ltd. CNY0.10'H'</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000510"/>
          <ticker value="1385"/>
          <other otherDesc="SEDOL" value="6280743"/>
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        <balance>12650.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>62861.80000000</valUSD>
        <pctVal>0.969930693493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XIAOMI CORP</name>
        <lei>2549001ACVFAZRNMKL32</lei>
        <title>Xiaomi Corp. USD0.0000025 B CLASS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9830T1067"/>
          <ticker value="1810"/>
          <other otherDesc="SEDOL" value="BG0ZMJ9"/>
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        <balance>13400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>55350.87000000</valUSD>
        <pctVal>0.854040255362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mixue Group</name>
        <lei>N/A</lei>
        <title>Mixue Group CNY1 H</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100006T36"/>
          <ticker value="2097"/>
          <other otherDesc="SEDOL" value="BV1D9W9"/>
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      <invstOrSec>
        <name>Industrial &amp; Commercial Bank of China Ltd.</name>
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          <isin value="CNE1000003G1"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MINIMAX GROUP INC</name>
        <lei>984500GAF1264B3B9Z19</lei>
        <title>Minimax Group Inc. USD0.0001 A</title>
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          <isin value="KYG6181S1093"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUZHOU TFC OPTICAL COMMUNICATION CO LTD</name>
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        <identifiers>
          <isin value="CNE100001XQ1"/>
          <ticker value="300394"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Asymchem Laboratories Tianjin Co Ltd.</name>
        <lei>8368002CY8G4Q85YRQ60</lei>
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          <isin value="CNE100002BZ6"/>
          <ticker value="002821"/>
          <other otherDesc="SEDOL" value="BD6V5C4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHENZHOU INTERNATIONAL GROUP HOLDINGS LTD</name>
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        <title>Shenzhou International Group Holdings Ltd. HKD0.10</title>
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        <identifiers>
          <isin value="KYG8087W1015"/>
          <ticker value="2313"/>
          <other otherDesc="SEDOL" value="B0MP1B0"/>
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        <balance>6533.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <pctVal>0.615915356118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHINA RESOURCES LAND LTD</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>China Resources Land Ltd. ORD HKD0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
          <ticker value="1109"/>
          <other otherDesc="SEDOL" value="6193766"/>
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        <balance>26197.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <pctVal>1.498130936434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Baoshan Iron &amp; Steel Co Ltd.</name>
        <lei>300300PYAP4PEHORZT21</lei>
        <title>Baoshan Iron &amp; Steel Co Ltd. 'A' CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000015R4"/>
          <ticker value="600019"/>
          <other otherDesc="SEDOL" value="BP3R2Y0"/>
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        <balance>28300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
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        <pctVal>0.408128390693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China BlueChemical Ltd.</name>
        <lei>529900A9VMPOCJ331Y42</lei>
        <title>China BlueChemical Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002D0"/>
          <ticker value="3983"/>
          <other otherDesc="SEDOL" value="B1DN3X6"/>
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        <balance>167139.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <pctVal>0.911240766116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAIDU INC</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu Inc. SPON ADR REP A</title>
        <cusip>056752108</cusip>
        <identifiers>
          <isin value="US0567521085"/>
          <ticker value="BIDU"/>
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        <balance>400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44568.00000000</valUSD>
        <pctVal>0.687665182155</pctVal>
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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>Cosco Shipping Energy Transportation Co Ltd.</name>
        <lei>529900IGB8FVHRCR1W95</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002S8"/>
          <ticker value="1138"/>
          <other otherDesc="SEDOL" value="6782045"/>
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        <balance>28000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <pctVal>0.996146308457</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tianqi Lithium Corp.</name>
        <lei>300300IZ1J0MQ8YVEG66</lei>
        <title>Tianqi Lithium Corp. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000T32"/>
          <ticker value="002466"/>
          <other otherDesc="SEDOL" value="BD5CKH8"/>
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        <balance>8500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JL MAG Rare-Earth Co., Ltd.</name>
        <lei>65560079RZSGJHK7CG66</lei>
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          <isin value="CNE100003G83"/>
          <ticker value="300748"/>
          <other otherDesc="SEDOL" value="BKDQ8F5"/>
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        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PetroChina Co Ltd.</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PetroChina Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003W8"/>
          <ticker value="857"/>
          <other otherDesc="SEDOL" value="6226576"/>
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        <balance>48000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Muyuan Foods Group Co Ltd.</name>
        <lei>3003006NCTDQW4KZR676</lei>
        <title>Muyuan Foods Group Co Ltd. CNY1 H</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100007CV2"/>
          <ticker value="2714"/>
          <other otherDesc="SEDOL" value="BVYDL20"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hexing Electrical Co Ltd</name>
        <lei>N/A</lei>
        <title>Hexing Electrical Co Ltd A CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100002GS0"/>
          <ticker value="603556"/>
          <other otherDesc="SEDOL" value="BYW5QY6"/>
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        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>CSPC PHARMACEUTICAL GROUP LTD</name>
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        <title>CSPC Pharmaceutical Group Ltd. NPV</title>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>BAIDU INC</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu Inc. USD0.000000625 A CLASS</title>
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          <ticker value="9888"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Luxshare Precision Industry Co Ltd.</name>
        <lei>300300QLLDUELXN16530</lei>
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          <ticker value="002475"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NETEASE INC</name>
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          <ticker value="9999"/>
          <other otherDesc="SEDOL" value="BM93SF4"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUNNY OPTICAL TECHNOLOGY (GROUP) CO LTD</name>
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        <title>Sunny Optical Technology (Group) Co Ltd. HKD0.10</title>
        <cusip>000000000</cusip>
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          <ticker value="2382"/>
          <other otherDesc="SEDOL" value="B1YBT08"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TCOM/TRIP.COM GROUP LTD</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd. USD0.00125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9066F1019"/>
          <ticker value="9961"/>
          <other otherDesc="SEDOL" value="BNYK8H9"/>
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        <balance>622.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Techtronic Industries Co. Ltd.</name>
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        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Contemporary Amperex Technology Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cambricon Technologies Corp Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chongqing Rural Commercial Bank Co Ltd.</name>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHANGHAI FOREST CABIN COSMETICS GROUP CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SHENZHEN SEICHI TECHNOLOGIES CO LTD</name>
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          <ticker value="688627"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Zhejiang Huayou Cobalt Co Ltd.</name>
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        <title>Zhejiang Huayou Cobalt Co Ltd. 'A'CNY1</title>
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          <ticker value="603799"/>
          <other otherDesc="SEDOL" value="BFF5BV2"/>
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        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHENZHEN INOVANCE TECHNOLOGY CO LTD</name>
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        <title>Shenzhen Inovance Technology Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000V46"/>
          <ticker value="300124"/>
          <other otherDesc="SEDOL" value="BD5CMN8"/>
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        <balance>1524.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KE HOLDINGS INC</name>
        <lei>254900RHVY072XPAZE03</lei>
        <title>KE Holdings Inc. SPONSORED ADS</title>
        <cusip>482497104</cusip>
        <identifiers>
          <isin value="US4824971042"/>
          <ticker value="BEKE"/>
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        <balance>79.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1182.63000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hengyi Petrochemical Co Ltd.</name>
        <lei>300300QRLJCH8BPJVS66</lei>
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          <ticker value="000703"/>
          <other otherDesc="SEDOL" value="BD5M1L9"/>
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        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALIBABA GROUP HOLDING LTD</name>
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        <title>Alibaba Group Holding Ltd. USD0.000003125</title>
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          <ticker value="9988"/>
          <other otherDesc="SEDOL" value="BK6YZP5"/>
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        <balance>29544.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>KANZHUN LTD</name>
        <lei>254900F4ZCBITP7L0251</lei>
        <title>Kanzhun Limited SPONSORED ADS</title>
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          <ticker value="BZ"/>
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        <curCd>USD</curCd>
        <valUSD>5155.15000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GUANGDONG SONGFA CERAMICS PNOTE BW9LDP3 UBS</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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      <invstOrSec>
        <name>Midea Group Co Ltd.</name>
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        <name>Aluminum Corporation of China Limited</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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      <invstOrSec>
        <name>SK Hynix Inc.</name>
        <lei>988400XAIK6XISWQV045</lei>
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        <invCountry>KR</invCountry>
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        <name>Ping An Insurance (Group) Company of China Ltd.</name>
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        <invCountry>CN</invCountry>
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        <name>Geely Automobile Holdings Ltd</name>
        <lei>549300YS3T1KVQ2SNI84</lei>
        <title>Geely Automobile Holdings Ltd HKD0.02</title>
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          <other otherDesc="SEDOL" value="6531827"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FOSHAN HAITIAN FLAVOURING AND FOOD CO LTD</name>
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        <title>Foshan Haitian Flavouring &amp; Food Co Ltd. CNY1 H</title>
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          <ticker value="3288"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zijin Mining Group Co Ltd.</name>
        <lei>836800JRNL2393Z2I561</lei>
        <title>Zijin Mining Group Co Ltd. 'H'CNY0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000502"/>
          <ticker value="2899"/>
          <other otherDesc="SEDOL" value="6725299"/>
        </identifiers>
        <balance>6704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>30157.94000000</valUSD>
        <pctVal>0.465324118280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNRESIN NEW MATERIALS CO LTD</name>
        <lei>N/A</lei>
        <title>Sunresin New Materials Co. Ltd.,Xi'an CNY1 A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002136"/>
          <ticker value="300487"/>
          <other otherDesc="SEDOL" value="BHQPSB4"/>
        </identifiers>
        <balance>4100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>39368.00000000</valUSD>
        <pctVal>0.607431405741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAL Education Group</name>
        <lei>5493003PJZS0EC085V72</lei>
        <title>TAL Education Group SPONSORED ADS</title>
        <cusip>874080104</cusip>
        <identifiers>
          <isin value="US8740801043"/>
          <ticker value="TAL"/>
        </identifiers>
        <balance>287.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3263.19000000</valUSD>
        <pctVal>0.050349626318</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>HENGLI PETROCHEMICAL CO LTD</name>
        <lei>N/A</lei>
        <title>Hengli Petrochemical Co Ltd. 'A' CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000018V0"/>
          <ticker value="600346"/>
          <other otherDesc="SEDOL" value="BFB4HL5"/>
        </identifiers>
        <balance>12800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>40487.56000000</valUSD>
        <pctVal>0.624705737803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUNNAN ENERGY NEW MATERIAL CO LTD</name>
        <lei>N/A</lei>
        <title>Yunnan Energy New Material Group Co Ltd. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002BR3"/>
          <ticker value="002812"/>
          <other otherDesc="SEDOL" value="BFCCR30"/>
        </identifiers>
        <balance>5000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>49721.60000000</valUSD>
        <pctVal>0.767183026410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Construction Bank Corp.</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>China Construction Bank Corp. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002H1"/>
          <ticker value="939"/>
          <other otherDesc="SEDOL" value="B0LMTQ3"/>
        </identifiers>
        <balance>68476.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>73900.29000000</valUSD>
        <pctVal>1.140249873994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sieyuan Electric Co Ltd</name>
        <lei>836800H6UQQUWN4PSZ32</lei>
        <title>Sieyuan Electric Co Ltd 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001KM8"/>
          <ticker value="002028"/>
          <other otherDesc="SEDOL" value="BD5C7M2"/>
        </identifiers>
        <balance>3200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>94643.30000000</valUSD>
        <pctVal>1.460305648318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA HONGQIAO GROUP LTD</name>
        <lei>3003009Q4IBFSDE24571</lei>
        <title>China Hongqiao Group Limited USD0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG211501005"/>
          <ticker value="1378"/>
          <other otherDesc="SEDOL" value="B44ZV94"/>
        </identifiers>
        <balance>11000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>49689.30000000</valUSD>
        <pctVal>0.766684651221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meituan LLC</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>Meituan LLC USD0.00001 B CLASS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
          <ticker value="3690"/>
          <other otherDesc="SEDOL" value="BGJW376"/>
        </identifiers>
        <balance>12898.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>140746.21000000</valUSD>
        <pctVal>2.171653835426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANDONG SINOCERA FUNCTIONAL MATERIAL CO LTD</name>
        <lei>N/A</lei>
        <title>Shandong Sinocera Functional Materials Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001FB0"/>
          <ticker value="300285"/>
          <other otherDesc="SEDOL" value="BD760X4"/>
        </identifiers>
        <balance>2500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>11264.67000000</valUSD>
        <pctVal>0.173809041183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Merchants Bank Co Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>China Merchants Bank Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002M1"/>
          <ticker value="3968"/>
          <other otherDesc="SEDOL" value="B1DYPZ5"/>
        </identifiers>
        <balance>10577.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>67208.64000000</valUSD>
        <pctVal>1.037000575928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZIJIN GOLD INTERNATIONAL COMPANY LI</name>
        <lei>254900FINUJR4MZ8A417</lei>
        <title>ZIJIN GOLD INTERNATIONAL COMPANY LI NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0001200002"/>
          <ticker value="2259"/>
          <other otherDesc="SEDOL" value="BSD3B20"/>
        </identifiers>
        <balance>10803.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>245863.57000000</valUSD>
        <pctVal>3.793569750703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co., Ltd. TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <ticker value="2330"/>
          <other otherDesc="SEDOL" value="6889106"/>
        </identifiers>
        <balance>725.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.97000000"/>
        <valUSD>41930.03000000</valUSD>
        <pctVal>0.646962433084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOFTCARE LTD</name>
        <lei>N/A</lei>
        <title>Softcare Ltd. USD0.0001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8263A1058"/>
          <ticker value="2698"/>
          <other otherDesc="SEDOL" value="BTPN3Y1"/>
        </identifiers>
        <balance>3000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>12246.53000000</valUSD>
        <pctVal>0.188958721127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Electronics Inc.</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>Delta Electronics Inc. TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002308004"/>
          <ticker value="2308"/>
          <other otherDesc="SEDOL" value="6260734"/>
        </identifiers>
        <balance>1244.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.97000000"/>
        <valUSD>56092.42000000</valUSD>
        <pctVal>0.865482054766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-21</ncom:dateSigned>
      <ncom:nameOfApplicant>RBC Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Kathy Hegna </ncom:signature>
      <ncom:signerName>Kathy Hegna </ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer - RBC Funds, and Director of Mutual Fund Services | RBC Global Asset Management (U.S.) Inc.</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
