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      <repPdEnd>2023-10-31</repPdEnd>
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          <ticker value="1882 HK"/>
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        <balance>143970</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>441833.96</valUSD>
        <pctVal>1.2899586361</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>177280</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>528111.81</valUSD>
        <pctVal>1.5418515818</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="30.0250"/>
        <valUSD>390830.49</valUSD>
        <pctVal>1.1410511899</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>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="30.0250"/>
        <valUSD>392835.86</valUSD>
        <pctVal>1.1469059783</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>110848</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>534713.10</valUSD>
        <pctVal>1.5611244123</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>Yageo Corp</name>
        <lei>5493001P0TOZH7GGNQ21</lei>
        <title>Yageo Corp.</title>
        <cusip>Y9723R100</cusip>
        <identifiers>
          <isin value="TW0002327004"/>
          <ticker value="2327 TT"/>
        </identifiers>
        <balance>23433</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.0250"/>
        <valUSD>425330.76</valUSD>
        <pctVal>1.2417766327</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>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="30.0250"/>
        <valUSD>503903.54</valUSD>
        <pctVal>1.4711742012</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>71377</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.0250"/>
        <valUSD>433523.57</valUSD>
        <pctVal>1.2656959937</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>Orion Corp/Republic of Korea</name>
        <lei>N/A</lei>
        <title>Orion Corp./Republic of Korea</title>
        <cusip>Y6S90M128</cusip>
        <identifiers>
          <isin value="KR7271560005"/>
          <ticker value="271560KS"/>
        </identifiers>
        <balance>5255</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1231.80"/>
        <valUSD>531916.39</valUSD>
        <pctVal>1.5529592631</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>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>659194</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>405972.78</valUSD>
        <pctVal>1.1852599415</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>LEAD INTELLIGENT</name>
        <lei>836800J7WO9E2EF72B65</lei>
        <title>Wuxi Lead Intelligent Equipment Co., Ltd. - Class A</title>
        <cusip>Y9717H100</cusip>
        <identifiers>
          <isin value="CNE100001ZF9"/>
          <ticker value="300450CH"/>
        </identifiers>
        <balance>39100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7570"/>
        <valUSD>268808.02</valUSD>
        <pctVal>0.7847998530</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>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="6.7570"/>
        <valUSD>312045.09</valUSD>
        <pctVal>0.9110328656</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>Universal Vision Biotechnology</name>
        <lei>N/A</lei>
        <title>Universal Vision Biotechnology Co., Ltd.</title>
        <cusip>Y9297L109</cusip>
        <identifiers>
          <isin value="TW0003218004"/>
          <ticker value="3218 TT"/>
        </identifiers>
        <balance>40681</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.0250"/>
        <valUSD>443828.42</valUSD>
        <pctVal>1.2957815721</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>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>316885</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>527169.06</valUSD>
        <pctVal>1.5390991711</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>13954</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.0250"/>
        <valUSD>354724.76</valUSD>
        <pctVal>1.0356385181</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>376597</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>325687.34</valUSD>
        <pctVal>0.9508621675</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>CICC</name>
        <lei>529900OS3SVVTT56QN67</lei>
        <title>China International Capital Corp. Ltd. - Class H</title>
        <cusip>Y1R99Y109</cusip>
        <identifiers>
          <isin value="CNE100002359"/>
          <ticker value="3908 HK"/>
        </identifiers>
        <balance>155278</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>346987.28</valUSD>
        <pctVal>1.0130485181</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>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>84730</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.0250"/>
        <valUSD>312877.06</valUSD>
        <pctVal>0.9134618479</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>197692</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7570"/>
        <valUSD>529098.92</valUSD>
        <pctVal>1.5447335039</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>CG SERVICES</name>
        <lei>549300P2JRKENZSEBB42</lei>
        <title>Country Garden Services Holdings Co., Ltd.</title>
        <cusip>G2453A108</cusip>
        <identifiers>
          <isin value="KYG2453A1085"/>
          <ticker value="6098 HK"/>
        </identifiers>
        <balance>87613</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>236857.45</valUSD>
        <pctVal>0.6915184001</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>569515</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>536627.64</valUSD>
        <pctVal>1.5667140176</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>Ennoconn Corp</name>
        <lei>N/A</lei>
        <title>Ennoconn Corp.</title>
        <cusip>Y229BK101</cusip>
        <identifiers>
          <isin value="TW0006414006"/>
          <ticker value="6414 TT"/>
        </identifiers>
        <balance>87145</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.0250"/>
        <valUSD>651966.79</valUSD>
        <pctVal>1.9034530329</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>Tongcheng Travel Holdings Ltd</name>
        <lei>2549004WGGNOPL8NUL61</lei>
        <title>Tongcheng Travel Holdings Ltd.</title>
        <cusip>G8918W106</cusip>
        <identifiers>
          <isin value="KYG8918W1069"/>
          <ticker value="780 HK"/>
        </identifiers>
        <balance>200105</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>453398.14</valUSD>
        <pctVal>1.3237208979</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>L'Occitane International SA</name>
        <lei>549300TLZP9DZV3ROI47</lei>
        <title>L'Occitane International S.A.</title>
        <cusip>L6071D109</cusip>
        <identifiers>
          <isin value="LU0501835309"/>
          <ticker value="973 HK"/>
        </identifiers>
        <balance>112735</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>313657.26</valUSD>
        <pctVal>0.9157396849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</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>74175</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.0763"/>
        <valUSD>280404.67</valUSD>
        <pctVal>0.8186569128</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>32052</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.6275"/>
        <valUSD>416831.49</valUSD>
        <pctVal>1.2169625447</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>ACEN Corp</name>
        <lei>549300LGUZQ61GQQXQ60</lei>
        <title>ACEN Corp.</title>
        <cusip>Y1001H102</cusip>
        <identifiers>
          <isin value="PHY1001H1024"/>
          <ticker value="ACEN PM"/>
        </identifiers>
        <balance>69156</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.6275"/>
        <valUSD>8896.50</valUSD>
        <pctVal>0.0259738228</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>Advtech Ltd</name>
        <lei>N/A</lei>
        <title>Advtech Ltd.</title>
        <cusip>S0065B115</cusip>
        <identifiers>
          <isin value="ZAE000031035"/>
          <ticker value="ADH SJ"/>
        </identifiers>
        <balance>375610</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.40"/>
        <valUSD>400667.94</valUSD>
        <pctVal>1.1697721682</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>Y0018C122</cusip>
        <identifiers>
          <isin value="INE208C01025"/>
          <ticker value="AGIS IN"/>
        </identifiers>
        <balance>77886</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>363950.55</valUSD>
        <pctVal>1.0625737213</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>Ambipar Participacoes e Empree</name>
        <lei>N/A</lei>
        <title>Ambipar Participacoes e Empreendimentos S/A</title>
        <cusip>P0R77M103</cusip>
        <identifiers>
          <isin value="BRAMBPACNOR6"/>
          <ticker value="AMBP3 BZ"/>
        </identifiers>
        <balance>68858</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.0763"/>
        <valUSD>324872.27</valUSD>
        <pctVal>0.9484825257</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>Autohome Inc</name>
        <lei>529900NYB6ZGZN3MVT56</lei>
        <title>Autohome, Inc. - ADR</title>
        <cusip>05278C107</cusip>
        <identifiers>
          <isin value="US05278C1071"/>
          <ticker value="ATHM"/>
        </identifiers>
        <balance>13067</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>455515.62</valUSD>
        <pctVal>1.3299029977</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>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>22491</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.40"/>
        <valUSD>463392.16</valUSD>
        <pctVal>1.3528989910</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>35892</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.40"/>
        <valUSD>463254.33</valUSD>
        <pctVal>1.3524965887</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>51415</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>374826.80</valUSD>
        <pctVal>1.0943275335</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>129363</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>251466.85</valUSD>
        <pctVal>0.7341713499</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="5.0763"/>
        <valUSD>313455.21</valUSD>
        <pctVal>0.9151497887</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>39835</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>429331.27</valUSD>
        <pctVal>1.2534563424</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>Dalmia Bharat Ltd</name>
        <lei>335800Q2I12HTQ7ETZ32</lei>
        <title>Dalmia Bharat Ltd.</title>
        <cusip>Y6S3J2117</cusip>
        <identifiers>
          <isin value="INE00R701025"/>
          <ticker value="DALBHARA"/>
        </identifiers>
        <balance>13846</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>299487.84</valUSD>
        <pctVal>0.8743712810</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>4085</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.3317"/>
        <valUSD>370079.39</valUSD>
        <pctVal>1.0804672080</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>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>271438</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6731"/>
        <valUSD>412451.86</valUSD>
        <pctVal>1.2041759732</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>166804</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>318667.90</valUSD>
        <pctVal>0.9303685249</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>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>228144</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>376466.23</valUSD>
        <pctVal>1.0991139399</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>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>192671</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.8305"/>
        <valUSD>417459.80</valUSD>
        <pctVal>1.2187969304</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>366561</valUSD>
        <pctVal>1.0701950742</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>-742878.27</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>-94740.38</valUSD>
        <pctVal>-0.2765997692</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>Hypera SA</name>
        <lei>25490092WKPBKTIZX403</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="5.0763"/>
        <valUSD>296426.93</valUSD>
        <pctVal>0.8654347853</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>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="5.0763"/>
        <valUSD>279412.20</valUSD>
        <pctVal>0.8157593418</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>17854</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>353765.14</valUSD>
        <pctVal>1.0328368545</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>356859.65</valUSD>
        <pctVal>1.0418714473</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>SOUTH KOREAN WON  /</name>
        <lei>N/A</lei>
        <title>SOUTH KOREAN WON  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="KRW"/>
        </identifiers>
        <balance>2</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="KRW" exchangeRt="1231.80"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>KR</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>410802</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.8305"/>
        <valUSD>385702.95</valUSD>
        <pctVal>1.1260810538</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>13667</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.3317"/>
        <valUSD>397544.15</valUSD>
        <pctVal>1.1606520909</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>4244987</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14990"/>
        <valUSD>368674.77</valUSD>
        <pctVal>1.0763663424</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>22844</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>386144.87</valUSD>
        <pctVal>1.1273712637</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>1227716.49</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1227716.49</valUSD>
        <pctVal>3.5843860642</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>17285</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.40"/>
        <valUSD>322852.01</valUSD>
        <pctVal>0.9425842651</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>Nagarro SE</name>
        <lei>9845008396BA67DA9B37</lei>
        <title>Nagarro S.E.</title>
        <cusip>D5S4HP103</cusip>
        <identifiers>
          <isin value="DE000A3H2200"/>
          <ticker value="NA9 GY"/>
        </identifiers>
        <balance>2340</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9198"/>
        <valUSD>320577.20</valUSD>
        <pctVal>0.9359428317</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>68863</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.8111"/>
        <valUSD>223968.18</valUSD>
        <pctVal>0.6538874649</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>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>580504</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.6275"/>
        <valUSD>356584.76</valUSD>
        <pctVal>1.0410688908</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>13435513</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14990"/>
        <valUSD>401862.92</valUSD>
        <pctVal>1.1732609783</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 Ltd</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>Redington Ltd.</title>
        <cusip>Y72020111</cusip>
        <identifiers>
          <isin value="INE891D01026"/>
          <ticker value="REDI IN"/>
        </identifiers>
        <balance>132450</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>300871.86</valUSD>
        <pctVal>0.8784120038</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="3.7530"/>
        <valUSD>49.96</valUSD>
        <pctVal>0.0001458610</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>56575</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>258940.66</valUSD>
        <pctVal>0.7559915507</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="5.0763"/>
        <valUSD>406767.98</valUSD>
        <pctVal>1.1875815718</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="81.9288"/>
        <valUSD>423688.89</valUSD>
        <pctVal>1.2369831026</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>182630</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.8305"/>
        <valUSD>336930.31</valUSD>
        <pctVal>0.9836866391</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>2928472</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="TWD" exchangeRt="30.0250"/>
        <valUSD>97534.45</valUSD>
        <pctVal>0.2847572108</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>50684</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="81.9288"/>
        <valUSD>470093.28</valUSD>
        <pctVal>1.3724632807</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>145046</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.0763"/>
        <valUSD>417739.79</valUSD>
        <pctVal>1.2196143767</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>141055</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.8305"/>
        <valUSD>385325.36</valUSD>
        <pctVal>1.1249786590</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>4378848</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.01"/>
        <valUSD>503215.99</valUSD>
        <pctVal>1.4691668610</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>4950</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>419413.50</valUSD>
        <pctVal>1.2245008654</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>2023-02-06</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>
