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      <regZipOrPostalCode>532123948</regZipOrPostalCode>
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      <repPdEnd>2022-10-31</repPdEnd>
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        <name>Autohome Inc</name>
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        <name>FOCUS MEDIA</name>
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        <name>Hansol Chemical Co Ltd</name>
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        <name>Cheil Worldwide Inc</name>
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        <name>NICE Information Service Co Lt</name>
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        <identifiers>
          <isin value="KR7030190003"/>
          <ticker value="030190KS"/>
        </identifiers>
        <balance>28385</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1424.45"/>
        <valUSD>258452.45</valUSD>
        <pctVal>0.9156124631</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>Osstem Implant Co Ltd</name>
        <lei>9884004U916KOXY14B53</lei>
        <title>Osstem Implant Co., Ltd.</title>
        <cusip>Y6586N101</cusip>
        <identifiers>
          <isin value="KR7048260004"/>
          <ticker value="048260KS"/>
        </identifiers>
        <balance>4324</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1424.45"/>
        <valUSD>321977.94</valUSD>
        <pctVal>1.1406624882</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>SFA Engineering Corp</name>
        <lei>N/A</lei>
        <title>SFA Engineering Corp.</title>
        <cusip>Y7676C104</cusip>
        <identifiers>
          <isin value="KR7056190002"/>
          <ticker value="056190KS"/>
        </identifiers>
        <balance>12935</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1424.45"/>
        <valUSD>345830.82</valUSD>
        <pctVal>1.2251654373</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>Fila Holdings Corp</name>
        <lei>N/A</lei>
        <title>Fila Holdings Corp.</title>
        <cusip>Y2484W103</cusip>
        <identifiers>
          <isin value="KR7081660003"/>
          <ticker value="081660KS"/>
        </identifiers>
        <balance>12970</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1424.45"/>
        <valUSD>297048.96</valUSD>
        <pctVal>1.0523472690</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>SaraminHR Co Ltd</name>
        <lei>N/A</lei>
        <title>SaraminHR Co., Ltd.</title>
        <cusip>Y7T199106</cusip>
        <identifiers>
          <isin value="KR7143240000"/>
          <ticker value="143240KS"/>
        </identifiers>
        <balance>11519</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1424.45"/>
        <valUSD>259303.35</valUSD>
        <pctVal>0.9186269234</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>Yadea Group Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Yadea Group Holdings Ltd.</title>
        <cusip>G9830F106</cusip>
        <identifiers>
          <isin value="KYG9830F1063"/>
          <ticker value="1585 HK"/>
        </identifiers>
        <balance>264640</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>404071.84</valUSD>
        <pctVal>1.4314943143</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>ESR Group Ltd</name>
        <lei>549300C81AR42BZUFZ09</lei>
        <title>ESR Group Ltd.</title>
        <cusip>G31989109</cusip>
        <identifiers>
          <isin value="KYG319891092"/>
          <ticker value="1821 HK"/>
        </identifiers>
        <balance>147435</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>251426.66</valUSD>
        <pctVal>0.8907223880</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>HAITIAN INT'L</name>
        <lei>30030093DDRS825TVP62</lei>
        <title>Haitian International Holdings Ltd.</title>
        <cusip>G4232C108</cusip>
        <identifiers>
          <isin value="KYG4232C1087"/>
          <ticker value="1882 HK"/>
        </identifiers>
        <balance>132685</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>265655.66</valUSD>
        <pctVal>0.9411310792</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>Samsonite International SA</name>
        <lei>549300UULS5HYFJSEL12</lei>
        <title>Samsonite International S.A.</title>
        <cusip>L80308106</cusip>
        <identifiers>
          <isin value="LU0633102719"/>
          <ticker value="1910 HK"/>
        </identifiers>
        <balance>215595</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>463192.66</valUSD>
        <pctVal>1.6409400349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>King Slide Works Co Ltd</name>
        <lei>N/A</lei>
        <title>King Slide Works Co., Ltd.</title>
        <cusip>Y4771C105</cusip>
        <identifiers>
          <isin value="TW0002059003"/>
          <ticker value="2059 TT"/>
        </identifiers>
        <balance>28906</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.2225"/>
        <valUSD>375069.22</valUSD>
        <pctVal>1.3287475215</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>Duk San Neolux Co Ltd</name>
        <lei>N/A</lei>
        <title>Duk San Neolux Co., Ltd.</title>
        <cusip>Y2R14K109</cusip>
        <identifiers>
          <isin value="KR7213420003"/>
          <ticker value="213420KS"/>
        </identifiers>
        <balance>12397</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1424.45"/>
        <valUSD>332984.27</valUSD>
        <pctVal>1.1796543141</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>Lite-On Technology Corp</name>
        <lei>2549005GU1PQ73SZBT32</lei>
        <title>Lite-On Technology Corp.</title>
        <cusip>Y5313K109</cusip>
        <identifiers>
          <isin value="TW0002301009"/>
          <ticker value="2301 TT"/>
        </identifiers>
        <balance>176786</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.2225"/>
        <valUSD>350077.15</valUSD>
        <pctVal>1.2402087950</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>China Mengniu Dairy Co Ltd</name>
        <lei>2549005Q343BSJ8RSS21</lei>
        <title>China Mengniu Dairy Co., Ltd.</title>
        <cusip>G21096105</cusip>
        <identifiers>
          <isin value="KYG210961051"/>
          <ticker value="2319 HK"/>
        </identifiers>
        <balance>75858</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>242831.22</valUSD>
        <pctVal>0.8602715566</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>Chroma ATE Inc</name>
        <lei>N/A</lei>
        <title>Chroma ATE, Inc.</title>
        <cusip>Y1604M102</cusip>
        <identifiers>
          <isin value="TW0002360005"/>
          <ticker value="2360 TT"/>
        </identifiers>
        <balance>81200</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.2225"/>
        <valUSD>443322.14</valUSD>
        <pctVal>1.5705452843</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>Elite Material Co Ltd</name>
        <lei>N/A</lei>
        <title>Elite Material Co., Ltd.</title>
        <cusip>Y2290G102</cusip>
        <identifiers>
          <isin value="TW0002383007"/>
          <ticker value="2383 TT"/>
        </identifiers>
        <balance>56057</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.2225"/>
        <valUSD>253565.18</valUSD>
        <pctVal>0.8982984646</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>Doosan Bobcat Inc</name>
        <lei>N/A</lei>
        <title>Doosan Bobcat, Inc.</title>
        <cusip>Y2103B100</cusip>
        <identifiers>
          <isin value="KR7241560002"/>
          <ticker value="241560KS"/>
        </identifiers>
        <balance>14121</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1424.45"/>
        <valUSD>331405.12</valUSD>
        <pctVal>1.1740599023</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>King Yuan Electronics Co Ltd</name>
        <lei>N/A</lei>
        <title>King Yuan Electronics Co., Ltd.</title>
        <cusip>Y4801V107</cusip>
        <identifiers>
          <isin value="TW0002449006"/>
          <ticker value="2449 TT"/>
        </identifiers>
        <balance>285590</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.2225"/>
        <valUSD>288950.87</valUSD>
        <pctVal>1.0236583859</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>WH Group Ltd</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH Group Ltd.</title>
        <cusip>G96007102</cusip>
        <identifiers>
          <isin value="KYG960071028"/>
          <ticker value="288 HK"/>
        </identifiers>
        <balance>572974</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>289359.28</valUSD>
        <pctVal>1.0251052489</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>LONGSHINE</name>
        <lei>N/A</lei>
        <title>Longshine Technology Group Co., Ltd. - Class A</title>
        <cusip>Y5324Y106</cusip>
        <identifiers>
          <isin value="CNE1000034B7"/>
          <ticker value="300682CH"/>
        </identifiers>
        <balance>84095</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.2986"/>
        <valUSD>297494.16</valUSD>
        <pctVal>1.0539244669</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>TINGYI</name>
        <lei>5299009MPI9B60VN4P25</lei>
        <title>Tingyi Cayman Islands Holding Corp.</title>
        <cusip>G8878S103</cusip>
        <identifiers>
          <isin value="KYG8878S1030"/>
          <ticker value="322 HK"/>
        </identifiers>
        <balance>249080</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>389334.85</valUSD>
        <pctVal>1.3792859808</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>Lotes Co Ltd</name>
        <lei>N/A</lei>
        <title>Lotes Co., Ltd.</title>
        <cusip>Y53302116</cusip>
        <identifiers>
          <isin value="TW0003533006"/>
          <ticker value="3533 TT"/>
        </identifiers>
        <balance>16634</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.2225"/>
        <valUSD>399198.14</valUSD>
        <pctVal>1.4142283899</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>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>271817</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>121920.64</valUSD>
        <pctVal>0.4319249343</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>Zhen Ding Technology Holding L</name>
        <lei>549300H7R4K33675UP38</lei>
        <title>Zhen Ding Technology Holding Ltd.</title>
        <cusip>G98922100</cusip>
        <identifiers>
          <isin value="KYG989221000"/>
          <ticker value="4958 TT"/>
        </identifiers>
        <balance>152380</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.2225"/>
        <valUSD>499397.81</valUSD>
        <pctVal>1.7692030348</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>Y3119Q107</cusip>
        <identifiers>
          <isin value="CNE000000DG7"/>
          <ticker value="600803CH"/>
        </identifiers>
        <balance>169192</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.2986"/>
        <valUSD>360434.18</valUSD>
        <pctVal>1.2769003634</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>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>35892</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.3688"/>
        <valUSD>415178.57</valUSD>
        <pctVal>1.4708418245</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>Cholamandalam Financial Holdin</name>
        <lei>335800WAHI1O38BILX22</lei>
        <title>Cholamandalam Financial Holdings Ltd.</title>
        <cusip>Y9001B157</cusip>
        <identifiers>
          <isin value="INE149A01033"/>
          <ticker value="CHOLAHLD"/>
        </identifiers>
        <balance>44075</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>334326.96</valUSD>
        <pctVal>1.1844110254</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>City Union Bank Ltd</name>
        <lei>33580024M7FWA847JI64</lei>
        <title>City Union Bank Ltd.</title>
        <cusip>Y1659F135</cusip>
        <identifiers>
          <isin value="INE491A01021"/>
          <ticker value="CUBK IN"/>
        </identifiers>
        <balance>62653</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>140780.50</valUSD>
        <pctVal>0.4987392472</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>Cury Construtora e Incorporado</name>
        <lei>N/A</lei>
        <title>Cury Construtora e Incorporadora S.A.</title>
        <cusip>P3R15G105</cusip>
        <identifiers>
          <isin value="BRCURYACNOR3"/>
          <ticker value="CURY3 BZ"/>
        </identifiers>
        <balance>118041</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1655"/>
        <valUSD>284733.49</valUSD>
        <pctVal>1.0087175885</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>Cyient Ltd</name>
        <lei>335800MJOXTUJ22Y4T72</lei>
        <title>Cyient Ltd.</title>
        <cusip>Y4082D131</cusip>
        <identifiers>
          <isin value="INE136B01020"/>
          <ticker value="CYL IN"/>
        </identifiers>
        <balance>29125</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>263923.89</valUSD>
        <pctVal>0.9349959847</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>Dino Polska SA</name>
        <lei>259400H4L81SMPRTW956</lei>
        <title>Dino Polska S.A.</title>
        <cusip>X188AF102</cusip>
        <identifiers>
          <isin value="PLDINPL00011"/>
          <ticker value="DNP PW"/>
        </identifiers>
        <balance>4595</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.7741"/>
        <valUSD>299926.42</valUSD>
        <pctVal>1.0625411683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>Y</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="18.3688"/>
        <valUSD>363681.87</valUSD>
        <pctVal>1.2884058664</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>Emaar Properties PJSC</name>
        <lei>254900YWYEXYXK1BMP81</lei>
        <title>Emaar Properties PJSC</title>
        <cusip>M4025S107</cusip>
        <identifiers>
          <isin value="AEE000301011"/>
          <ticker value="EMAAR UH"/>
        </identifiers>
        <balance>286883</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6731"/>
        <valUSD>473574.47</valUSD>
        <pctVal>1.6777193907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EPL Ltd</name>
        <lei>335800SHKQVLNEGB2W80</lei>
        <title>EPL Ltd.</title>
        <cusip>Y2297N142</cusip>
        <identifiers>
          <isin value="INE255A01020"/>
          <ticker value="EPLL IN"/>
        </identifiers>
        <balance>100119</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>186009.38</valUSD>
        <pctVal>0.6589703699</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>EURO CURRENCY  /</name>
        <lei>N/A</lei>
        <title>EURO CURRENCY  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EUR"/>
        </identifiers>
        <balance>31328.75</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="1.0119"/>
        <valUSD>30960.32</valUSD>
        <pctVal>0.1096822834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUR SPOT FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>EUR SPOT FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EUR FWD"/>
        </identifiers>
        <balance>-53229.37</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="1.0119"/>
        <valUSD>-52603.39</valUSD>
        <pctVal>-0.1863565986</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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>265449</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>422156.83</valUSD>
        <pctVal>1.4955635164</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>29821</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>280615.61</valUSD>
        <pctVal>0.9941292871</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>GBP SPOT FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>GBP SPOT FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="GBP FWD"/>
        </identifiers>
        <balance>-65088.28</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="GBP" exchangeRt="0.8720"/>
        <valUSD>-74642.52</valUSD>
        <pctVal>-0.2644340249</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GPS Participacoes e Empreendim</name>
        <lei>N/A</lei>
        <title>GPS Participacoes e Empreendimentos S.A.</title>
        <cusip>P4R4AT137</cusip>
        <identifiers>
          <isin value="BRGGPSACNOR9"/>
          <ticker value="GGPS3 BZ"/>
        </identifiers>
        <balance>105377</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1655"/>
        <valUSD>281930.14</valUSD>
        <pctVal>0.9987862367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</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>210991</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.8130"/>
        <valUSD>392526.54</valUSD>
        <pctVal>1.3905930941</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>24100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>356198</valUSD>
        <pctVal>1.2618929638</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>HONG KONG DOLLAR  /</name>
        <lei>N/A</lei>
        <title>HONG KONG DOLLAR  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="HKD"/>
        </identifiers>
        <balance>926.95</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>118.09</valUSD>
        <pctVal>0.0004183542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>HK</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>-811275.54</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="HKD" exchangeRt="7.8497"/>
        <valUSD>-103351.15</valUSD>
        <pctVal>-0.3661393073</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>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>289867</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.8720"/>
        <valUSD>416484.36</valUSD>
        <pctVal>1.4754678112</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>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>32430</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1655"/>
        <valUSD>318994.93</valUSD>
        <pctVal>1.1300946599</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>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>-215990235</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="IDR" exchangeRt="15597.50"/>
        <valUSD>-13847.75</valUSD>
        <pctVal>-0.0490580472</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>Y39199107</cusip>
        <identifiers>
          <isin value="INE219X23014"/>
          <ticker value="INDIGRID"/>
        </identifiers>
        <balance>206067</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>358599.27</valUSD>
        <pctVal>1.2703998777</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>1415872.25</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>17104.55</valUSD>
        <pctVal>0.0605958239</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>P5R68S100</cusip>
        <identifiers>
          <isin value="BRINTBACNOR9"/>
          <ticker value="INTB3 BZ"/>
        </identifiers>
        <balance>45932</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1655"/>
        <valUSD>324738.48</valUSD>
        <pctVal>1.1504421782</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>Karooooo Ltd</name>
        <lei>N/A</lei>
        <title>Karooooo Ltd.</title>
        <cusip>Y4600W108</cusip>
        <identifiers>
          <isin value="SGXZ19450089"/>
          <ticker value="KARO"/>
        </identifiers>
        <balance>9470</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>231162.70</valUSD>
        <pctVal>0.8189338082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</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>14334</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>279962.19</valUSD>
        <pctVal>0.9918144338</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>45115</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>292796.35</valUSD>
        <pctVal>1.0372816633</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>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>376972</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.8130"/>
        <valUSD>290534.62</valUSD>
        <pctVal>1.0292690939</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>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>12752</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.7741"/>
        <valUSD>296489.81</valUSD>
        <pctVal>1.0503663835</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>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>5446057</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="15597.50"/>
        <valUSD>420740.42</valUSD>
        <pctVal>1.4905456392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>22844</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>372837.79</valUSD>
        <pctVal>1.3208422951</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>560052.45</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>560052.45</valUSD>
        <pctVal>1.9840825777</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>Mondi PLC</name>
        <lei>213800LOZA69QFDC9N34</lei>
        <title>Mondi PLC</title>
        <cusip>G6258S107</cusip>
        <identifiers>
          <isin value="GB00B1CRLC47"/>
          <ticker value="MNP SJ"/>
        </identifiers>
        <balance>16485</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.3688"/>
        <valUSD>281620.96</valUSD>
        <pctVal>0.9976909132</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>Metrodata Electronics Tbk PT</name>
        <lei>N/A</lei>
        <title>Metrodata Electronics Tbk P.T.</title>
        <cusip>Y7129H155</cusip>
        <identifiers>
          <isin value="ID1000055007"/>
          <ticker value="MTDL IJ"/>
        </identifiers>
        <balance>5692860</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="15597.50"/>
        <valUSD>213516.47</valUSD>
        <pctVal>0.7564189893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MXN SPOT FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>MXN SPOT FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="MXN FWD"/>
        </identifiers>
        <balance>1077910.72</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="MXN" exchangeRt="19.8130"/>
        <valUSD>54404.22</valUSD>
        <pctVal>0.1927363501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nagarro SE</name>
        <lei>9845008396BA67DA9B37</lei>
        <title>Nagarro S.E.</title>
        <cusip>D5S4HP103</cusip>
        <identifiers>
          <isin value="DE000A3H2200"/>
          <ticker value="NA9 GY"/>
        </identifiers>
        <balance>2065</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.0119"/>
        <valUSD>205430.05</valUSD>
        <pctVal>0.7277714492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Network International Holdings</name>
        <lei>213800XVRNKWENNLKK60</lei>
        <title>Network International Holdings PLC</title>
        <cusip>G6457T104</cusip>
        <identifiers>
          <isin value="GB00BH3VJ782"/>
          <ticker value="NETW LN"/>
        </identifiers>
        <balance>93558</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.8720"/>
        <valUSD>348696.67</valUSD>
        <pctVal>1.2353182061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCI NV</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI N.V.</title>
        <cusip>N6667A111</cusip>
        <identifiers>
          <isin value="NL0010558797"/>
          <ticker value="OCI NA"/>
        </identifiers>
        <balance>7425</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.0119"/>
        <valUSD>283988.09</valUSD>
        <pctVal>1.0060768802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</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>514374</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="57.95"/>
        <valUSD>266890.43</valUSD>
        <pctVal>0.9455054653</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>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>12569143</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="15597.50"/>
        <valUSD>353147.99</valUSD>
        <pctVal>1.2510877764</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>Quess Corp Ltd</name>
        <lei>335800IMP1C9KOQZDK11</lei>
        <title>Quess Corp. Ltd.</title>
        <cusip>Y3R6BW102</cusip>
        <identifiers>
          <isin value="INE615P01015"/>
          <ticker value="QUESS IN"/>
        </identifiers>
        <balance>48071</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>321142.56</valUSD>
        <pctVal>1.1377030102</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>Redington Ltd</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>Redington Ltd.</title>
        <cusip>Y72020111</cusip>
        <identifiers>
          <isin value="INE891D01026"/>
          <ticker value="REDI IN"/>
        </identifiers>
        <balance>163255</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>269694.05</valUSD>
        <pctVal>0.9554377736</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>SAUDI RIYAL  /</name>
        <lei>N/A</lei>
        <title>SAUDI RIYAL  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SAR$"/>
        </identifiers>
        <balance>187.50</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="SAR" exchangeRt="3.7576"/>
        <valUSD>49.90</valUSD>
        <pctVal>0.0001767794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>Y7T669116</cusip>
        <identifiers>
          <isin value="INE285J01028"/>
          <ticker value="SECIS IN"/>
        </identifiers>
        <balance>77895</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>394074.03</valUSD>
        <pctVal>1.3960753448</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>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>40251</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1655"/>
        <valUSD>358055.07</valUSD>
        <pctVal>1.2684719552</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>57540</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>436558.84</valUSD>
        <pctVal>1.5465851254</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>Grupo Traxion SAB de CV</name>
        <lei>4469000001BS6B603745</lei>
        <title>Grupo Traxion S.A.B. de C.V.</title>
        <cusip>P4989G104</cusip>
        <identifiers>
          <isin value="MX01TR0H0006"/>
          <ticker value="TRAXIONA"/>
        </identifiers>
        <balance>152455</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.8130"/>
        <valUSD>178209.15</valUSD>
        <pctVal>0.6313367073</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>TAIWANESE DOLLAR  /</name>
        <lei>N/A</lei>
        <title>TAIWANESE DOLLAR  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TWD"/>
        </identifiers>
        <balance>2928470.48</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="TWD" exchangeRt="32.2225"/>
        <valUSD>90882.78</valUSD>
        <pctVal>0.3219679521</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>United Tractors Tbk PT</name>
        <lei>529900N9ELYOWQV4FW14</lei>
        <title>United Tractors Tbk P.T.</title>
        <cusip>Y7146Y140</cusip>
        <identifiers>
          <isin value="ID1000058407"/>
          <ticker value="UNTR IJ"/>
        </identifiers>
        <balance>168889</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="15597.50"/>
        <valUSD>349353.17</valUSD>
        <pctVal>1.2376439708</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>UPL Ltd</name>
        <lei>335800RJSM1SLHO4UA95</lei>
        <title>UPL Ltd.</title>
        <cusip>Y9305P100</cusip>
        <identifiers>
          <isin value="INE628A01036"/>
          <ticker value="UPLL IN"/>
        </identifiers>
        <balance>50684</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775"/>
        <valUSD>447444.68</valUSD>
        <pctVal>1.5851500946</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>Vamos Locacao de Caminhoes Maq</name>
        <lei>N/A</lei>
        <title>Vamos Locacao de Caminhoes Maquinas e Equipamentos S.A.</title>
        <cusip>P9680U112</cusip>
        <identifiers>
          <isin value="BRVAMOACNOR7"/>
          <ticker value="VAMO3 BZ"/>
        </identifiers>
        <balance>93796</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1655"/>
        <valUSD>292709.62</valUSD>
        <pctVal>1.0369744073</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>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>167745</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.8130"/>
        <valUSD>364563.66</valUSD>
        <pctVal>1.2915297599</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>Y95310150</cusip>
        <identifiers>
          <isin value="TH3871010Z01"/>
          <ticker value="WHA TB"/>
        </identifiers>
        <balance>5194078</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="38.06"/>
        <valUSD>537899.59</valUSD>
        <pctVal>1.9056022433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WNS Holdings Ltd</name>
        <lei>529900RM7QHUD3W9DM42</lei>
        <title>WNS Holdings Ltd. - ADR</title>
        <cusip>92932M101</cusip>
        <identifiers>
          <isin value="US92932M1018"/>
          <ticker value="WNS"/>
        </identifiers>
        <balance>4395</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>378321.60</valUSD>
        <pctVal>1.3402696396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>2022-11-04</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>
</edgarSubmission>
