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      <seriesName>Vaughan Nelson Emerging Markets Opportunity Fund</seriesName>
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      <repPdEnd>2022-10-31</repPdEnd>
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        <name>NICE Information Service Co Lt</name>
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        <name>HAITIAN INT'L</name>
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        <name>Samsonite International SA</name>
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        <name>Duk San Neolux Co Ltd</name>
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        <name>Elite Material Co Ltd</name>
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        <name>King Yuan Electronics Co Ltd</name>
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        <name>WH Group Ltd</name>
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        <currencyConditional curCd="HKD" exchangeRt="7.7971"/>
        <valUSD>383322.55</valUSD>
        <pctVal>1.2587680297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Getac Holdings Corp</name>
        <lei>N/A</lei>
        <title>Getac Holdings Corp.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="TW0003005005"/>
          <ticker value="3005 TT"/>
        </identifiers>
        <balance>221204</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8140"/>
        <valUSD>433747.21</valUSD>
        <pctVal>1.4243542962</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>Tripod Technology Corp</name>
        <lei>N/A</lei>
        <title>Tripod Technology Corp.</title>
        <cusip>Y8974X105</cusip>
        <identifiers>
          <isin value="TW0003044004"/>
          <ticker value="3044 TT"/>
        </identifiers>
        <balance>90559</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8140"/>
        <valUSD>422776.78</valUSD>
        <pctVal>1.3883292135</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>Far East Horizon Ltd</name>
        <lei>549300S9XRGO1ZPUHE62</lei>
        <title>Far East Horizon Ltd.</title>
        <cusip>Y24286109</cusip>
        <identifiers>
          <isin value="HK0000077468"/>
          <ticker value="3360 HK"/>
        </identifiers>
        <balance>337320</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7971"/>
        <valUSD>288559.13</valUSD>
        <pctVal>0.9475805885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lotes Co Ltd</name>
        <lei>N/A</lei>
        <title>Lotes Co., Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="TW0003533006"/>
          <ticker value="3533 TT"/>
        </identifiers>
        <balance>14144</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8140"/>
        <valUSD>371734.87</valUSD>
        <pctVal>1.2207159998</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>Soulbrain Co Ltd/New</name>
        <lei>N/A</lei>
        <title>Soulbrain Co., Ltd./New</title>
        <cusip>Y8076W120</cusip>
        <identifiers>
          <isin value="KR7357780006"/>
          <ticker value="357780KS"/>
        </identifiers>
        <balance>2028</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50"/>
        <valUSD>420141.93</valUSD>
        <pctVal>1.3796768007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YONGDA AUTO</name>
        <lei>529900G4APWIO18G0C95</lei>
        <title>China Yongda Automobiles Services Holdings Ltd.</title>
        <cusip>G2162W102</cusip>
        <identifiers>
          <isin value="KYG2162W1024"/>
          <ticker value="3669 HK"/>
        </identifiers>
        <balance>299837</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7971"/>
        <valUSD>383641.85</valUSD>
        <pctVal>1.2598165582</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>KWG Living Group Holdings Ltd</name>
        <lei>N/A</lei>
        <title>KWG Living Group Holdings Ltd.</title>
        <cusip>G5322R103</cusip>
        <identifiers>
          <isin value="KYG5322R1039"/>
          <ticker value="3913 HK"/>
        </identifiers>
        <balance>0.50</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7971"/>
        <valUSD>0.22</valUSD>
        <pctVal>0.0000007224</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>Minth Group Ltd</name>
        <lei>254900B2AH0G13K9G204</lei>
        <title>Minth Group Ltd.</title>
        <cusip>G6145U109</cusip>
        <identifiers>
          <isin value="KYG6145U1094"/>
          <ticker value="425 HK"/>
        </identifiers>
        <balance>81971</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7971"/>
        <valUSD>379069.75</valUSD>
        <pctVal>1.2448025359</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>Poya International Co Ltd</name>
        <lei>N/A</lei>
        <title>Poya International Co., Ltd.</title>
        <cusip>Y7083H100</cusip>
        <identifiers>
          <isin value="TW0005904007"/>
          <ticker value="5904 TT"/>
        </identifiers>
        <balance>23954.84</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8140"/>
        <valUSD>365591.48</valUSD>
        <pctVal>1.2005421203</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>ENN Natural Gas Co Ltd</name>
        <lei>300300KVDMGNQNP52Z98</lei>
        <title>ENN Natural Gas Co., Ltd. - Class A</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CNE000000DG7"/>
          <ticker value="600803CH"/>
        </identifiers>
        <balance>169192</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.3654"/>
        <valUSD>463413.42</valUSD>
        <pctVal>1.5217732367</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>Topsports International Holdin</name>
        <lei>N/A</lei>
        <title>Topsports International Holdings Ltd.</title>
        <cusip>G8924B104</cusip>
        <identifiers>
          <isin value="KYG8924B1041"/>
          <ticker value="6110 HK"/>
        </identifiers>
        <balance>279096</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7971"/>
        <valUSD>252178.28</valUSD>
        <pctVal>0.8281118777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Powertech Technology Inc</name>
        <lei>254900O6KNZXH2RI9Q14</lei>
        <title>Powertech Technology, Inc.</title>
        <cusip>Y7083Y103</cusip>
        <identifiers>
          <isin value="TW0006239007"/>
          <ticker value="6239 TT"/>
        </identifiers>
        <balance>135525</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8140"/>
        <valUSD>483036.94</valUSD>
        <pctVal>1.5862136397</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>Wiwynn Corp</name>
        <lei>254900FV2R15PMKXFL69</lei>
        <title>Wiwynn Corp.</title>
        <cusip>Y9673D101</cusip>
        <identifiers>
          <isin value="TW0006669005"/>
          <ticker value="6669 TT"/>
        </identifiers>
        <balance>10501</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8140"/>
        <valUSD>384952.15</valUSD>
        <pctVal>1.2641193673</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>Haier Smart Home Co Ltd</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>Haier Smart Home Co., Ltd. - Class H</title>
        <cusip>Y298BN100</cusip>
        <identifiers>
          <isin value="CNE1000048K8"/>
          <ticker value="6690 HK"/>
        </identifiers>
        <balance>93904</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7971"/>
        <valUSD>376462.65</valUSD>
        <pctVal>1.2362412495</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>Nien Made Enterprise Co Ltd</name>
        <lei>N/A</lei>
        <title>Nien Made Enterprise Co., Ltd.</title>
        <cusip>Y6349P112</cusip>
        <identifiers>
          <isin value="TW0008464009"/>
          <ticker value="8464 TT"/>
        </identifiers>
        <balance>21244</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8140"/>
        <valUSD>299646.26</valUSD>
        <pctVal>0.9839888947</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>Giant Manufacturing Co Ltd</name>
        <lei>549300M7TYVF50B2GY12</lei>
        <title>Giant Manufacturing Co., Ltd.</title>
        <cusip>Y2708Z106</cusip>
        <identifiers>
          <isin value="TW0009921007"/>
          <ticker value="9921 TT"/>
        </identifiers>
        <balance>26033</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.8140"/>
        <valUSD>301522.30</valUSD>
        <pctVal>0.9901495007</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>Banco ABC Brasil SA</name>
        <lei>549300K1V1WOTCGNSI96</lei>
        <title>Banco ABC Brasil S.A.</title>
        <cusip>P0763M135</cusip>
        <identifiers>
          <isin value="BRABCBACNPR4"/>
          <ticker value="ABCB4 BZ"/>
        </identifiers>
        <balance>130655</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.3101"/>
        <valUSD>389743.17</valUSD>
        <pctVal>1.2798522867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Preferred"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ayala Corp</name>
        <lei>254900QJ68UH8GKNGI69</lei>
        <title>Ayala Corp.</title>
        <cusip>Y0486V115</cusip>
        <identifiers>
          <isin value="PHY0486V1154"/>
          <ticker value="AC PM"/>
        </identifiers>
        <balance>23052</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9750"/>
        <valUSD>394195.85</valUSD>
        <pctVal>1.2944741534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asseco Poland SA</name>
        <lei>259400O79EWIK4XZPL40</lei>
        <title>Asseco Poland S.A.</title>
        <cusip>X02540130</cusip>
        <identifiers>
          <isin value="PLSOFTB00016"/>
          <ticker value="ACP PW"/>
        </identifiers>
        <balance>15111</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.0808"/>
        <valUSD>303827.08</valUSD>
        <pctVal>0.9977180180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advtech Ltd</name>
        <lei>N/A</lei>
        <title>Advtech Ltd.</title>
        <cusip>S0065B115</cusip>
        <identifiers>
          <isin value="ZAE000031035"/>
          <ticker value="ADH SJ"/>
        </identifiers>
        <balance>332610</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.37"/>
        <valUSD>331679.47</valUSD>
        <pctVal>1.0891806729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aegis Logistics Ltd</name>
        <lei>335800R6OF8UV8J3G994</lei>
        <title>Aegis Logistics Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="INE208C01025"/>
          <ticker value="AGIS IN"/>
        </identifiers>
        <balance>106866</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>292361.66</valUSD>
        <pctVal>0.9600674698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aster DM Healthcare Ltd</name>
        <lei>335800TFWMBMRZEICW46</lei>
        <title>Aster DM Healthcare Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="INE914M01019"/>
          <ticker value="ASTERDM"/>
        </identifiers>
        <balance>125551</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>312729.63</valUSD>
        <pctVal>1.0269525239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Autohome Inc</name>
        <lei>529900NYB6ZGZN3MVT56</lei>
        <title>Autohome, Inc. - ADR</title>
        <cusip>05278C107</cusip>
        <identifiers>
          <isin value="US05278C1071"/>
          <ticker value="ATHM"/>
        </identifiers>
        <balance>6047</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>201486.04</valUSD>
        <pctVal>0.6616469226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Befesa SA</name>
        <lei>222100VXGA8L6J4ZWG61</lei>
        <title>Befesa S.A.</title>
        <cusip>L0R30V103</cusip>
        <identifiers>
          <isin value="LU1704650164"/>
          <ticker value="BFSA GR"/>
        </identifiers>
        <balance>5790</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8901"/>
        <valUSD>408764.50</valUSD>
        <pctVal>1.3423151971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bid Corp Ltd</name>
        <lei>N/A</lei>
        <title>Bid Corp. Ltd.</title>
        <cusip>S11881109</cusip>
        <identifiers>
          <isin value="ZAE000216537"/>
          <ticker value="BID SJ"/>
        </identifiers>
        <balance>22191</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.37"/>
        <valUSD>478384.25</valUSD>
        <pctVal>1.5709349732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bidvest Group Ltd/The</name>
        <lei>5299002ARE4TRMIRGM72</lei>
        <title>Bidvest Group Ltd.</title>
        <cusip>S1201R162</cusip>
        <identifiers>
          <isin value="ZAE000117321"/>
          <ticker value="BVT SJ"/>
        </identifiers>
        <balance>36502</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.37"/>
        <valUSD>447541.83</valUSD>
        <pctVal>1.4696535530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cholamandalam Financial Holdin</name>
        <lei>335800WAHI1O38BILX22</lei>
        <title>Cholamandalam Financial Holdings Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="INE149A01033"/>
          <ticker value="CHOLAHLD"/>
        </identifiers>
        <balance>44075</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>413595.35</valUSD>
        <pctVal>1.3581789117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cyient Ltd</name>
        <lei>335800MJOXTUJ22Y4T72</lei>
        <title>Cyient Ltd.</title>
        <cusip>Y4082D131</cusip>
        <identifiers>
          <isin value="INE136B01020"/>
          <ticker value="CYL IN"/>
        </identifiers>
        <balance>23155</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>292830.78</valUSD>
        <pctVal>0.9616079825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DataTec Ltd</name>
        <lei>213800AA36MIN5FWKV02</lei>
        <title>DataTec Ltd.</title>
        <cusip>S2100Z123</cusip>
        <identifiers>
          <isin value="ZAE000017745"/>
          <ticker value="DTC SJ"/>
        </identifiers>
        <balance>161735</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.37"/>
        <valUSD>401233.28</valUSD>
        <pctVal>1.3175839128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Bank Ltd</name>
        <lei>335800J8VWGE2HGWF417</lei>
        <title>Federal Bank Ltd.</title>
        <cusip>Y24781182</cusip>
        <identifiers>
          <isin value="INE171A01029"/>
          <ticker value="FB IN"/>
        </identifiers>
        <balance>259104</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>352824.49</valUSD>
        <pctVal>1.1586174309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fairfax India Holdings Corp</name>
        <lei>549300K2JHXU7AX7CV78</lei>
        <title>Fairfax India Holdings Corp.</title>
        <cusip>303897102</cusip>
        <identifiers>
          <isin value="CA3038971022"/>
          <ticker value="FIH/U CN"/>
        </identifiers>
        <balance>38111</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>456188.67</valUSD>
        <pctVal>1.4980483493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMexico Transportes SAB de CV</name>
        <lei>4469000001BXJ8FN4U73</lei>
        <title>GMexico Transportes S.A.B. de C.V.</title>
        <cusip>P4R1BE119</cusip>
        <identifiers>
          <isin value="MX01GM1Z0019"/>
          <ticker value="GMXT* MM"/>
        </identifiers>
        <balance>273831</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.6280"/>
        <valUSD>497138.40</valUSD>
        <pctVal>1.6325205085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Geopark Ltd</name>
        <lei>529900ZR5QI19AH4KZ07</lei>
        <title>Geopark Ltd.</title>
        <cusip>G38327105</cusip>
        <identifiers>
          <isin value="BMG383271050"/>
          <ticker value="GPRK"/>
        </identifiers>
        <balance>19160</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>269964.40</valUSD>
        <pctVal>0.8865185622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HKD SPOT  FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>HKD SPOT  FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="HKD FWD"/>
        </identifiers>
        <balance>443748.79</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="HKD" exchangeRt="7.7971"/>
        <valUSD>56912.03</valUSD>
        <pctVal>0.1868897196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HKD SPOT  FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>HKD SPOT  FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="HKD FWD"/>
        </identifiers>
        <balance>-1538746.23</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="HKD" exchangeRt="7.7971"/>
        <valUSD>-197348.53</valUSD>
        <pctVal>-0.6480600222</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hindalco Industries Ltd</name>
        <lei>335800KXLE5NO5B4GF90</lei>
        <title>Hindalco Industries Ltd.</title>
        <cusip>Y3196V185</cusip>
        <identifiers>
          <isin value="INE038A01020"/>
          <ticker value="HNDL IN"/>
        </identifiers>
        <balance>72667</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>481727.41</valUSD>
        <pctVal>1.5819133592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AllHome Corp</name>
        <lei>N/A</lei>
        <title>AllHome Corp.</title>
        <cusip>Y0040P109</cusip>
        <identifiers>
          <isin value="PHY0040P1094"/>
          <ticker value="HOME PM"/>
        </identifiers>
        <balance>1806795</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9750"/>
        <valUSD>301989.08</valUSD>
        <pctVal>0.9916823292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Helios Towers PLC</name>
        <lei>213800DGC7GS4XCHCU30</lei>
        <title>Helios Towers PLC</title>
        <cusip>G4431S102</cusip>
        <identifiers>
          <isin value="GB00BJVQC708"/>
          <ticker value="HTWS LN"/>
        </identifiers>
        <balance>180057</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7436"/>
        <valUSD>371930.54</valUSD>
        <pctVal>1.2213585478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hypera SA</name>
        <lei>N/A</lei>
        <title>Hypera S.A.</title>
        <cusip>P5230A101</cusip>
        <identifiers>
          <isin value="BRHYPEACNOR0"/>
          <ticker value="HYPE3 BZ"/>
        </identifiers>
        <balance>60715</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.3101"/>
        <valUSD>355707.74</valUSD>
        <pctVal>1.1680855484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Integrated Diagnostics Holding</name>
        <lei>2138007JN9NUWKKTS790</lei>
        <title>Integrated Diagnostics Holdings PLC</title>
        <cusip>G4836Q115</cusip>
        <identifiers>
          <isin value="JE00BLKGSR75"/>
          <ticker value="IDHC LN"/>
        </identifiers>
        <balance>177490</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>231624.45</valUSD>
        <pctVal>0.7606164901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IDR SPOT FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>IDR SPOT FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="IDR FWD"/>
        </identifiers>
        <balance>666902642</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="IDR" exchangeRt="14382"/>
        <valUSD>46370.65</valUSD>
        <pctVal>0.1522735663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IDR SPOT FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>IDR SPOT FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="IDR FWD"/>
        </identifiers>
        <balance>-2683982940</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="IDR" exchangeRt="14382"/>
        <valUSD>-186620.98</valUSD>
        <pctVal>-0.6128325174</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>India Grid Trust</name>
        <lei>335800TGEQ4SXIIDKF52</lei>
        <title>India Grid Trust</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="INE219X23014"/>
          <ticker value="INDIGRID"/>
        </identifiers>
        <balance>194762</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>392564.61</valUSD>
        <pctVal>1.2891174303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Unit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDIAN RUPIES  /</name>
        <lei>N/A</lei>
        <title>INDIAN RUPIES  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="INR"/>
        </identifiers>
        <balance>62410</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>836.34</valUSD>
        <pctVal>0.0027464026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intelbras SA Industria de Tele</name>
        <lei>N/A</lei>
        <title>Intelbras S.A. Industria de Telecomunicacao Eletronica Brasileira</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="BRINTBACNOR9"/>
          <ticker value="INTB3 BZ"/>
        </identifiers>
        <balance>59692</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.3101"/>
        <valUSD>351850.17</valUSD>
        <pctVal>1.1554179247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KEI Industries Ltd</name>
        <lei>335800UDWBC2AWPU7M56</lei>
        <title>KEI Industries Ltd.</title>
        <cusip>Y4640F115</cusip>
        <identifiers>
          <isin value="INE878B01027"/>
          <ticker value="KEII IN"/>
        </identifiers>
        <balance>25154</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>365077.55</valUSD>
        <pctVal>1.1988544590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kosmos Energy Ltd</name>
        <lei>213800YDFJ3OT9B5P157</lei>
        <title>Kosmos Energy Ltd.</title>
        <cusip>500688106</cusip>
        <identifiers>
          <isin value="US5006881065"/>
          <ticker value="KOS"/>
        </identifiers>
        <balance>56300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>243779</valUSD>
        <pctVal>0.8005300275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KRW SPOT FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>KRW SPOT FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="KRW FWD"/>
        </identifiers>
        <balance>25424150</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="KRW" exchangeRt="1205.50"/>
        <valUSD>21090.13</valUSD>
        <pctVal>0.0692565084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genomma Lab Internacional SAB</name>
        <lei>N/A</lei>
        <title>Genomma Lab Internacional S.A.B. de C.V. - Class B</title>
        <cusip>P48318102</cusip>
        <identifiers>
          <isin value="MX01LA010006"/>
          <ticker value="LABB MM"/>
        </identifiers>
        <balance>468562</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.6280"/>
        <valUSD>465427.35</valUSD>
        <pctVal>1.5283866506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Leejam Sports Co JSC</name>
        <lei>N/A</lei>
        <title>Leejam Sports Co. JSC</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="SA14K0Q0SJ16"/>
          <ticker value="LEEJAMAB"/>
        </identifiers>
        <balance>12593</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7519"/>
        <valUSD>399932.39</valUSD>
        <pctVal>1.3133120046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lufax Holding Ltd</name>
        <lei>N/A</lei>
        <title>Lufax Holding Ltd. - ADR</title>
        <cusip>54975P102</cusip>
        <identifiers>
          <isin value="US54975P1021"/>
          <ticker value="LU"/>
        </identifiers>
        <balance>44153</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219440.41</valUSD>
        <pctVal>0.7206061123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LiveChat Software SA</name>
        <lei>259400W35VF4Q1XFFE11</lei>
        <title>LiveChat Software S.A.</title>
        <cusip>X4901B101</cusip>
        <identifiers>
          <isin value="PLLVTSF00010"/>
          <ticker value="LVC PW"/>
        </identifiers>
        <balance>13812</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.0808"/>
        <valUSD>367785.45</valUSD>
        <pctVal>1.2077467559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitra Adiperkasa Tbk PT</name>
        <lei>N/A</lei>
        <title>Mitra Adiperkasa Tbk P.T.</title>
        <cusip>Y71299104</cusip>
        <identifiers>
          <isin value="ID1000099807"/>
          <ticker value="MAPI IJ"/>
        </identifiers>
        <balance>3189327</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14382"/>
        <valUSD>173720.37</valUSD>
        <pctVal>0.5704690420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mahindra &amp; Mahindra Ltd</name>
        <lei>3358003B573EV4KB4Z02</lei>
        <title>Mahindra &amp; Mahindra Ltd.</title>
        <cusip>Y54164150</cusip>
        <identifiers>
          <isin value="INE101A01026"/>
          <ticker value="MM IN"/>
        </identifiers>
        <balance>32284</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>386144.11</valUSD>
        <pctVal>1.2680335673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB MONEY MARKET FIDUCIARY   /</name>
        <lei>N/A</lei>
        <title>UMB MONEY MARKET FIDUCIARY   /</title>
        <cusip>SF8888528</cusip>
        <identifiers>
          <ticker value="MMFIDU"/>
        </identifiers>
        <balance>1040161.76</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1040161.76</valUSD>
        <pctVal>3.4157196574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Media Nusantara Citra Tbk PT</name>
        <lei>254900Y0ZF75CIA04X94</lei>
        <title>Media Nusantara Citra Tbk P.T.</title>
        <cusip>Y71280104</cusip>
        <identifiers>
          <isin value="ID1000106206"/>
          <ticker value="MNCN IJ"/>
        </identifiers>
        <balance>99500</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14382"/>
        <valUSD>5905.44</valUSD>
        <pctVal>0.0193924909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mondi PLC</name>
        <lei>213800LOZA69QFDC9N34</lei>
        <title>Mondi PLC</title>
        <cusip>G6258S107</cusip>
        <identifiers>
          <isin value="GB00B1CRLC47"/>
          <ticker value="MNP SJ"/>
        </identifiers>
        <balance>17775</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.37"/>
        <valUSD>444663.31</valUSD>
        <pctVal>1.4602009681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Puregold Price Club Inc</name>
        <lei>N/A</lei>
        <title>Puregold Price Club, Inc.</title>
        <cusip>Y71617107</cusip>
        <identifiers>
          <isin value="PHY716171079"/>
          <ticker value="PGOLD PM"/>
        </identifiers>
        <balance>568044</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9750"/>
        <valUSD>413426.82</valUSD>
        <pctVal>1.3576254870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POLISH ZLOTY  /</name>
        <lei>N/A</lei>
        <title>POLISH ZLOTY  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="PLN"/>
        </identifiers>
        <balance>0.32</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="PLN" exchangeRt="4.0808"/>
        <valUSD>0.08</valUSD>
        <pctVal>0.0000002627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pakuwon Jati Tbk PT</name>
        <lei>254900GUXQAQB065PM73</lei>
        <title>Pakuwon Jati Tbk P.T.</title>
        <cusip>Y712CA107</cusip>
        <identifiers>
          <isin value="ID1000122500"/>
          <ticker value="PWON IJ"/>
        </identifiers>
        <balance>14780743</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14382"/>
        <valUSD>444287.02</valUSD>
        <pctVal>1.4589652938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Redington India Ltd</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>Redington India Ltd.</title>
        <cusip>Y72020111</cusip>
        <identifiers>
          <isin value="INE891D01026"/>
          <ticker value="REDI IN"/>
        </identifiers>
        <balance>173005</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>378527.45</valUSD>
        <pctVal>1.2430217122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIS Ltd</name>
        <lei>335800TDIAQ4LLKESR87</lei>
        <title>SIS Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="INE285J01028"/>
          <ticker value="SECIS IN"/>
        </identifiers>
        <balance>77895</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>527814.79</valUSD>
        <pctVal>1.7332567135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sequoia Logistica e Transporte</name>
        <lei>N/A</lei>
        <title>Sequoia Logistica e Transportes S.A.</title>
        <cusip>P8T85D104</cusip>
        <identifiers>
          <isin value="BRSEQLACNOR2"/>
          <ticker value="SEQL3 BZ"/>
        </identifiers>
        <balance>114400</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.3101"/>
        <valUSD>328759.16</valUSD>
        <pctVal>1.0795908565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SLC Agricola SA</name>
        <lei>54930017BQDYJPIJXG79</lei>
        <title>SLC Agricola S.A.</title>
        <cusip>P8711D107</cusip>
        <identifiers>
          <isin value="BRSLCEACNOR2"/>
          <ticker value="SLCE3 BZ"/>
        </identifiers>
        <balance>51586.70</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.3101"/>
        <valUSD>446687.72</valUSD>
        <pctVal>1.4668487966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sobha Ltd</name>
        <lei>3358009VFP3MXXLJDN54</lei>
        <title>Sobha Ltd.</title>
        <cusip>Y806AJ100</cusip>
        <identifiers>
          <isin value="INE671H01015"/>
          <ticker value="SOBHA IN"/>
        </identifiers>
        <balance>42200</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>485165.66</valUSD>
        <pctVal>1.5932040051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAIWANESE DOLLAR  /</name>
        <lei>N/A</lei>
        <title>TAIWANESE DOLLAR  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TWD"/>
        </identifiers>
        <balance>2928472</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="TWD" exchangeRt="27.8140"/>
        <valUSD>105287.70</valUSD>
        <pctVal>0.3457474408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UPL Ltd</name>
        <lei>335800RJSM1SLHO4UA95</lei>
        <title>UPL Ltd.</title>
        <cusip>Y9305P100</cusip>
        <identifiers>
          <isin value="INE628A01036"/>
          <ticker value="UPLL IN"/>
        </identifiers>
        <balance>41894</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.6225"/>
        <valUSD>438926</valUSD>
        <pctVal>1.4413605883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corp Inmobiliaria Vesta SAB de</name>
        <lei>4469000001BIRIFZJ959</lei>
        <title>Corp Inmobiliaria Vesta S.A.B. de C.V.</title>
        <cusip>P9781N108</cusip>
        <identifiers>
          <isin value="MX01VE0M0003"/>
          <ticker value="VESTA*MM"/>
        </identifiers>
        <balance>234745</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.6280"/>
        <valUSD>444613.49</valUSD>
        <pctVal>1.4600373674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHA Corp PCL</name>
        <lei>254900E68VLEZZULQP27</lei>
        <title>WHA Corp. PCL</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="TH3871010Z01"/>
          <ticker value="WHA TB"/>
        </identifiers>
        <balance>5336168</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2950"/>
        <valUSD>550589.32</valUSD>
        <pctVal>1.8080445137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-02-04</ncom:dateSigned>
      <ncom:nameOfApplicant>INVESTMENT MANAGERS SERIES TRUST</ncom:nameOfApplicant>
      <ncom:signature>/s/ Terrance P. Gallagher</ncom:signature>
      <ncom:signerName>Terrance P. Gallagher</ncom:signerName>
      <ncom:title>Assistant Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
