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        <name>Turk Hava Yollari AO</name>
        <lei>789000EV8M3BL7ZPFB03</lei>
        <title>Turk Hava Yollari AO</title>
        <cusip>M8926R100</cusip>
        <identifiers>
          <isin value="TRATHYAO91M5"/>
        </identifiers>
        <balance>1467810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>2285259.79000000</valUSD>
        <pctVal>0.167974231721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siam Commercial Bank PCL (The)</name>
        <lei>54930068OELHUBHH1U03</lei>
        <title>Siam Commercial Bank PCL (The), NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0015010R16"/>
        </identifiers>
        <balance>1815303.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>6893036.33000000</valUSD>
        <pctVal>0.506661206233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thai Oil PCL</name>
        <lei>549300HG5527UPZLTT69</lei>
        <title>Thai Oil PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0796010R11"/>
        </identifiers>
        <balance>1040470.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1748096.21000000</valUSD>
        <pctVal>0.128490913433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magnit PJSC</name>
        <lei>2534009KKPTVL99W2Y12</lei>
        <title>Magnit PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JKQU8"/>
        </identifiers>
        <balance>50349.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>4588518.14000000</valUSD>
        <pctVal>0.337271417752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grasim Industries Ltd.</name>
        <lei>335800WLY7FOIT3ERV21</lei>
        <title>Grasim Industries Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE047A01021"/>
        </identifiers>
        <balance>144432.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>3319681.70000000</valUSD>
        <pctVal>0.244007699062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Formosa Petrochemical Corp.</name>
        <lei>529900UWWAOQ8470E792</lei>
        <title>Formosa Petrochemical Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006505001"/>
        </identifiers>
        <balance>362000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1301760.25000000</valUSD>
        <pctVal>0.095683728754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wipro Ltd.</name>
        <lei>335800IFS1IJHESG8362</lei>
        <title>Wipro Ltd.</title>
        <cusip>Y96659142</cusip>
        <identifiers>
          <isin value="INE075A01022"/>
        </identifiers>
        <balance>190405.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>1644529.62000000</valUSD>
        <pctVal>0.120878422957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Beijing Co. Ltd.</name>
        <lei>300300C1080211000042</lei>
        <title>Bank of Beijing Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000734"/>
        </identifiers>
        <balance>1481200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>1025380.28000000</valUSD>
        <pctVal>0.075368877319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOYY, Inc.</name>
        <lei>549300N6CHVU5CQZPW24</lei>
        <title>JOYY, Inc., ADR</title>
        <cusip>46591M109</cusip>
        <identifiers>
          <isin value="US46591M1099"/>
        </identifiers>
        <balance>11280.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>568399.20000000</valUSD>
        <pctVal>0.041779240744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunac China Holdings Ltd.</name>
        <lei>549300OLARYHDXP3WK18</lei>
        <title>Sunac China Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8569A1067"/>
        </identifiers>
        <balance>1147697.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2472718.61000000</valUSD>
        <pctVal>0.181753081463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haier Smart Home Co. Ltd.</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>Haier Smart Home Co. Ltd., Class H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000048K8"/>
        </identifiers>
        <balance>298600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1117007.86000000</valUSD>
        <pctVal>0.082103810661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Quanta Computer, Inc.</name>
        <lei>529900DE8BIV3XOXIK04</lei>
        <title>Quanta Computer, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002382009"/>
        </identifiers>
        <balance>802000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>2249528.02000000</valUSD>
        <pctVal>0.165347827213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Largan Precision Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Largan Precision Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003008009"/>
        </identifiers>
        <balance>22000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1637628.78000000</valUSD>
        <pctVal>0.120371188155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING Holdings Co. Ltd.</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING Holdings Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002J7"/>
        </identifiers>
        <balance>725450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1126543.22000000</valUSD>
        <pctVal>0.082804691487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guotai Junan Securities Co. Ltd.</name>
        <lei>300300E1005431000017</lei>
        <title>Guotai Junan Securities Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000022F3"/>
        </identifiers>
        <balance>207900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>569188.50000000</valUSD>
        <pctVal>0.041837256932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Bank Bhd.</name>
        <lei>549300L2RSQCVMOHGM20</lei>
        <title>Public Bank Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1295OO004"/>
        </identifiers>
        <balance>2907700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.14100000"/>
        <valUSD>2928063.03000000</valUSD>
        <pctVal>0.215222418058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Mobile Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Taiwan Mobile Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003045001"/>
        </identifiers>
        <balance>335400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1183190.03000000</valUSD>
        <pctVal>0.086968421331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genting Bhd</name>
        <lei>N/A</lei>
        <title>Genting Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL3182OO002"/>
        </identifiers>
        <balance>913500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.14100000"/>
        <valUSD>1142702.25000000</valUSD>
        <pctVal>0.083992434194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Aeroportuario del Pacifico, S.A.B. de C.V.</name>
        <lei>4469000001BZ368XFI90</lei>
        <title>Grupo Aeroportuario del Pacifico, S.A.B. de C.V., Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01GA000004"/>
        </identifiers>
        <balance>104849.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.54300000"/>
        <valUSD>1324609.89000000</valUSD>
        <pctVal>0.097363253655</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="682476.51000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>China Petroleum &amp; Chemical Corp.</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>China Petroleum &amp; Chemical Corp., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018G1"/>
        </identifiers>
        <balance>2138900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>1420518.65000000</valUSD>
        <pctVal>0.104412868035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial &amp; Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003G1"/>
        </identifiers>
        <balance>60931615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>33367657.99000000</valUSD>
        <pctVal>2.452634374322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Pharmaceuticals Holding Co. Ltd.</name>
        <lei>30030029J1KKCBY19820</lei>
        <title>Shanghai Pharmaceuticals Holding Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000C82"/>
        </identifiers>
        <balance>110200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>321164.81000000</valUSD>
        <pctVal>0.023606686842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Postal Savings Bank of China Co. Ltd.</name>
        <lei>300300C1040311005298</lei>
        <title>Postal Savings Bank of China Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000029W3"/>
        </identifiers>
        <balance>5207836.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>3789196.85000000</valUSD>
        <pctVal>0.278518631669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novatek PJSC</name>
        <lei>2138008R6GCRVBDFA581</lei>
        <title>Novatek PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0DKVS5"/>
        </identifiers>
        <balance>275856.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
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        <pctVal>0.513871529055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tata Power Co., Ltd. (The)</name>
        <lei>335800H5R3TGTJ7LQ663</lei>
        <title>Tata Power Co., Ltd. (The)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE245A01021"/>
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        <balance>938544.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>2685985.87000000</valUSD>
        <pctVal>0.197428937796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sino Biopharmaceutical Ltd.</name>
        <lei>529900LPR4ADFEJAR786</lei>
        <title>Sino Biopharmaceutical Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8167W1380"/>
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        <balance>1333892.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>987680.75000000</valUSD>
        <pctVal>0.072597835875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Vodacom Group Ltd.</name>
        <lei>37890012A8DC24B8D663</lei>
        <title>Vodacom Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000132577"/>
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        <balance>144917.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1292621.50000000</valUSD>
        <pctVal>0.095012000088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cosan S.A.</name>
        <lei>549300PGFCX2JMKKLC96</lei>
        <title>Cosan S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCSANACNOR6"/>
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        <balance>695665.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PT Astra International Tbk</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>PT Astra International Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000122807"/>
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        <balance>5467798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.50000000"/>
        <valUSD>2325285.54000000</valUSD>
        <pctVal>0.170916258109</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>
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      <invstOrSec>
        <name>Saudi National Bank (The)</name>
        <lei>5586006ZEFQ542K7CY16</lei>
        <title>Saudi National Bank (The)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA13L050IE10"/>
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        <balance>256809.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
        <valUSD>4511907.30000000</valUSD>
        <pctVal>0.331640264985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vale S.A.</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>Vale S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRVALEACNOR0"/>
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        <balance>1059838.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <pctVal>0.989628538901</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>
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      </invstOrSec>
      <invstOrSec>
        <name>China Longyuan Power Group Corp. Ltd.</name>
        <lei>5299008UYLF3O6V9T464</lei>
        <title>China Longyuan Power Group Corp. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HD4"/>
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        <balance>1118461.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2613895.14000000</valUSD>
        <pctVal>0.192130028219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Etihad Etisalat Co.</name>
        <lei>2549007BA9ABDE3HVK79</lei>
        <title>Etihad Etisalat Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0DM9P2"/>
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        <balance>182264.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
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        <pctVal>0.108043308347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAIC Motor Corp. Ltd.</name>
        <lei>300300F1009131000012</lei>
        <title>SAIC Motor Corp. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TY6"/>
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        <balance>704456.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>2232489.13000000</valUSD>
        <pctVal>0.164095411856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Gas Holdings Ltd.</name>
        <lei>254900KTSZLZ21VV8T33</lei>
        <title>China Gas Holdings Ltd.</title>
        <cusip>G2109G103</cusip>
        <identifiers>
          <isin value="BMG2109G1033"/>
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        <balance>531669.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1330018.29000000</valUSD>
        <pctVal>0.097760789130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Weichai Power Co. Ltd.</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>Weichai Power Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004L9"/>
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        <balance>589746.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1059852.95000000</valUSD>
        <pctVal>0.077902733769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kasikornbank PCL</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>Kasikornbank PCL, Foreign Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0016010017"/>
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        <balance>402827.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1699563.93000000</valUSD>
        <pctVal>0.124923628662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Discovery Ltd.</name>
        <lei>378900245A26169C8132</lei>
        <title>Discovery Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000022331"/>
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        <balance>130071.00000000</balance>
        <units>NS</units>
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        <pctVal>0.088014618653</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>
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      <invstOrSec>
        <name>Malayan Banking Bhd</name>
        <lei>5493004OT3TOY404V310</lei>
        <title>Malayan Banking Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1155OO000"/>
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        <balance>586300.00000000</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.14100000"/>
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        <pctVal>0.083775616242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Turkiye Is Bankasi AS</name>
        <lei>789000FIRX9MDN0KTM91</lei>
        <title>Turkiye Is Bankasi AS, Class C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAISCTR91N2"/>
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        <balance>2640890.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>1546331.64000000</valUSD>
        <pctVal>0.113660543257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Novatek Microelectronics Corp.</name>
        <lei>N/A</lei>
        <title>Novatek Microelectronics Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003034005"/>
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        <balance>74000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <pctVal>0.081270376113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG017191142"/>
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        <balance>1055600.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <pctVal>1.625801456810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Meituan</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>Meituan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
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        <balance>56785.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1968008.43000000</valUSD>
        <pctVal>0.144655196532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eva Airways Corp.</name>
        <lei>254900S1P4XOXV67GC07</lei>
        <title>Eva Airways Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002618006"/>
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        <balance>2040000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PetroChina Co. Ltd.</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PetroChina Co. Ltd., H Shares</title>
        <cusip>Y6883Q104</cusip>
        <identifiers>
          <isin value="CNE1000003W8"/>
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        <balance>22664411.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>10954831.93000000</valUSD>
        <pctVal>0.805216757031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Old Mutual Ltd.</name>
        <lei>213800MON84ZWWPQCN47</lei>
        <title>Old Mutual Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000255360"/>
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        <balance>1536261.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1575678.22000000</valUSD>
        <pctVal>0.115817614961</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Zhongsheng Group Holdings Ltd.</name>
        <lei>3003005VYMEBAJNJ2Y26</lei>
        <title>Zhongsheng Group Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9894K1085"/>
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        <balance>160000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1446963.32000000</valUSD>
        <pctVal>0.106356639656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="712337.51000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Bank Co. Ltd.</name>
        <lei>549300W9MKNIVWXFM679</lei>
        <title>Ping An Bank Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000040"/>
        </identifiers>
        <balance>491100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <pctVal>0.109996574395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Pacific Insurance (Group) Co. Ltd.</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>China Pacific Insurance (Group) Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000009Q7"/>
        </identifiers>
        <balance>955586.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2948183.13000000</valUSD>
        <pctVal>0.216701312648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advanced Info Service PCL</name>
        <lei>529900DU2YW1NO5RMU78</lei>
        <title>Advanced Info Service PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0268010R11"/>
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        <balance>460598.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>2623461.82000000</valUSD>
        <pctVal>0.192833211170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Tower Corp. Ltd.</name>
        <lei>300300T6BNNP0L7O7H91</lei>
        <title>China Tower Corp. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003688"/>
        </identifiers>
        <balance>18514066.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2403790.52000000</valUSD>
        <pctVal>0.176686636496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hon Hai Precision Industry Co. Ltd.</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>Hon Hai Precision Industry Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
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        <balance>10174064.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>39147197.73000000</valUSD>
        <pctVal>2.877449859974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chailease Holding Co. Ltd.</name>
        <lei>529900L76E6T0JCM3J27</lei>
        <title>Chailease Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG202881093"/>
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        <balance>304438.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>2912077.53000000</valUSD>
        <pctVal>0.214047430386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Life Insurance Co. Ltd.</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>China Life Insurance Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001Q93"/>
        </identifiers>
        <balance>108600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>505724.06000000</valUSD>
        <pctVal>0.037172408499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bangkok Bank PCL</name>
        <lei>549300CCL2BKJGMYXV60</lei>
        <title>Bangkok Bank PCL, Foreign Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0001010014"/>
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        <balance>274076.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1011807.73000000</valUSD>
        <pctVal>0.074371249535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yanzhou Coal Mining Co. Ltd.</name>
        <lei>3003005N7A6HYZ4Z0K39</lei>
        <title>Yanzhou Coal Mining Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WV6"/>
        </identifiers>
        <balance>96100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>339089.90000000</valUSD>
        <pctVal>0.024924240861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New China Life Insurance Co. Ltd.</name>
        <lei>529900QCDGPLPB62KH67</lei>
        <title>New China Life Insurance Co. Ltd., H Shares</title>
        <cusip>Y625A4115</cusip>
        <identifiers>
          <isin value="CNE100001922"/>
        </identifiers>
        <balance>371676.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1077418.68000000</valUSD>
        <pctVal>0.079193873627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agricultural Bank of China Ltd.</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>Agricultural Bank of China Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000RJ0"/>
        </identifiers>
        <balance>8843700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>4063019.08000000</valUSD>
        <pctVal>0.298645480666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Acer, Inc.</name>
        <lei>2549006Z3IVAZIQEUM25</lei>
        <title>Acer, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002353000"/>
        </identifiers>
        <balance>1939000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1812898.93000000</valUSD>
        <pctVal>0.133254129918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capitec Bank Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Capitec Bank Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000035861"/>
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        <balance>14493.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1627392.27000000</valUSD>
        <pctVal>0.119618770460</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>
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      </invstOrSec>
      <invstOrSec>
        <name>FirstRand Ltd.</name>
        <lei>529900XYOP8CUZU7R671</lei>
        <title>FirstRand Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000066304"/>
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        <balance>1322312.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>5046534.15000000</valUSD>
        <pctVal>0.370937125140</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>
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      <invstOrSec>
        <name>America Movil S.A.B. de C.V.</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil S.A.B. de C.V., Series L</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP001691213"/>
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        <balance>9948895.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.54300000"/>
        <valUSD>8886833.63000000</valUSD>
        <pctVal>0.653211970895</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Sunny Optical Technology Group Co., Ltd.</name>
        <lei>3003004QIVP0DFVVWM94</lei>
        <title>Sunny Optical Technology Group Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8586D1097"/>
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        <balance>36800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>994383.63000000</valUSD>
        <pctVal>0.073090519955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lojas Americanas S.A.</name>
        <lei>N/A</lei>
        <title>Lojas Americanas S.A., Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLAMEACNPR6"/>
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        <balance>169120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>144908.57000000</valUSD>
        <pctVal>0.010651264167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China CITIC Bank Corp. Ltd.</name>
        <lei>300300C1030211000384</lei>
        <title>China CITIC Bank Corp. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001Q4"/>
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        <balance>7701883.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>3386074.12000000</valUSD>
        <pctVal>0.248887763810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Raia Drogasil S.A.</name>
        <lei>N/A</lei>
        <title>Raia Drogasil S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRADLACNOR0"/>
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        <balance>232300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>958129.32000000</valUSD>
        <pctVal>0.070425707011</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>
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      <invstOrSec>
        <name>Banpu PCL</name>
        <lei>529900AJ2Z6SUR6TSW75</lei>
        <title>Banpu PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0148010R15"/>
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        <balance>4726433.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1623787.73000000</valUSD>
        <pctVal>0.119353824724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING Holdings Co. Ltd.</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING Holdings Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000601"/>
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        <balance>211480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>546272.94000000</valUSD>
        <pctVal>0.040152886690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JD.com, Inc.</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.com, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8208B1014"/>
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        <balance>172150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>6869136.98000000</valUSD>
        <pctVal>0.504904524139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Government &amp; Agency Portfolio</name>
        <lei>5493007T1J7WZ5QI1A47</lei>
        <title>Invesco Government &amp; Agency Portfolio, Institutional Class</title>
        <cusip>825252885</cusip>
        <identifiers>
          <isin value="US8252528851"/>
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        <balance>2123231.19000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2123231.19000000</valUSD>
        <pctVal>0.156064588134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Resources Land Ltd.</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>China Resources Land Ltd.</title>
        <cusip>G2108Y105</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
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        <balance>1198685.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <pctVal>0.343184940223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Steel Corp.</name>
        <lei>529900D3N7UIJMVJ9120</lei>
        <title>China Steel Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002002003"/>
        </identifiers>
        <balance>3541653.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <pctVal>0.314539221485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kweichow Moutai Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Kweichow Moutai Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
        </identifiers>
        <balance>3700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>1055817.98000000</valUSD>
        <pctVal>0.077606149989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foxconn Technology Co. Ltd.</name>
        <lei>3003003OO8QC88ZHCE44</lei>
        <title>Foxconn Technology Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002354008"/>
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        <balance>723000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1788748.04000000</valUSD>
        <pctVal>0.131478958793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Steel Ltd.</name>
        <lei>335800E6C75YGSGD5T66</lei>
        <title>Tata Steel Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE081A01012"/>
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        <balance>395749.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>6954823.76000000</valUSD>
        <pctVal>0.511202788827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Motors Ltd.</name>
        <lei>335800BO2LHWJJ8TZI32</lei>
        <title>Tata Motors Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IN9155A01020"/>
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        <balance>337718.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
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        <pctVal>0.081549877716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Turkiye Garanti Bankasi AS</name>
        <lei>5493002XSS7K7RHN1V37</lei>
        <title>Turkiye Garanti Bankasi AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAGARAN91N1"/>
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        <balance>2602896.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>2666471.72000000</valUSD>
        <pctVal>0.195994582556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Airports of Thailand PCL</name>
        <lei>5299006VS4CU6LW0TY22</lei>
        <title>Airports of Thailand PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0765010R16"/>
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        <balance>547337.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1063911.29000000</valUSD>
        <pctVal>0.078201035321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shin Kong Financial Holding Co. Ltd.</name>
        <lei>529900YF6H5G3WJC6V36</lei>
        <title>Shin Kong Financial Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002888005"/>
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        <balance>4413998.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1557125.35000000</valUSD>
        <pctVal>0.114453917014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kunlun Energy Co. Ltd.</name>
        <lei>5299007GRIKP15GM4927</lei>
        <title>Kunlun Energy Co. Ltd.</title>
        <cusip>G5320C108</cusip>
        <identifiers>
          <isin value="BMG5320C1082"/>
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        <balance>2209803.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2022585.97000000</valUSD>
        <pctVal>0.148666828116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Moscow Exchange MICEX-RTS PJSC</name>
        <lei>253400M5M1222KPNWE87</lei>
        <title>Moscow Exchange MICEX-RTS PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JR4A1"/>
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        <balance>502714.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>1231613.44000000</valUSD>
        <pctVal>0.090527703794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Embraer S.A.</name>
        <lei>549300EM51WYXFHUY333</lei>
        <title>Embraer S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BREMBRACNOR4"/>
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        <balance>823767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>3204756.13000000</valUSD>
        <pctVal>0.235560285594</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>Saudi Basic Industries Corp.</name>
        <lei>213800ZCTFZZZJSK8645</lei>
        <title>Saudi Basic Industries Corp.</title>
        <cusip>M8T36U109</cusip>
        <identifiers>
          <isin value="SA0007879121"/>
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        <balance>148100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
        <valUSD>5093417.58000000</valUSD>
        <pctVal>0.374383213926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Perusahaan Gas Negara Persero Tbk</name>
        <lei>549300OX1VFDX7ZPN240</lei>
        <title>Perusahaan Gas Negara Persero Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000111602"/>
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        <balance>10552753.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.50000000"/>
        <valUSD>1124733.16000000</valUSD>
        <pctVal>0.082671646028</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>
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      </invstOrSec>
      <invstOrSec>
        <name>China Development Financial Holding Corp.</name>
        <lei>N/A</lei>
        <title>China Development Financial Holding Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002883006"/>
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        <balance>4971000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <pctVal>0.186578514118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fomento Economico Mexicano, S.A.B. de C.V.</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>Fomento Economico Mexicano, S.A.B. de C.V.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP320321310"/>
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        <balance>838516.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="20.54300000"/>
        <valUSD>6908787.33000000</valUSD>
        <pctVal>0.507818957372</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>
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      <invstOrSec>
        <name>China Southern Airlines Co. Ltd.</name>
        <lei>529900AJQ1Q18ABYVX84</lei>
        <title>China Southern Airlines Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FG0"/>
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        <balance>502801.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CCR S.A.</name>
        <lei>N/A</lei>
        <title>CCR S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCCROACNOR2"/>
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        <balance>949000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
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        <balance>2372000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>50325619.86000000</valUSD>
        <pctVal>3.699101243927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banco Bradesco S.A.</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>Banco Bradesco S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBDCACNOR1"/>
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        <balance>1352442.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>4078679.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Railway Group Ltd.</name>
        <lei>529900TFRLG8UDJ7QA89</lei>
        <title>China Railway Group Ltd., H Shares</title>
        <cusip>Y1509D116</cusip>
        <identifiers>
          <isin value="CNE1000007Z2"/>
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        <balance>5131066.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2513078.26000000</valUSD>
        <pctVal>0.184719650617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of China Ltd.</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>Bank of China Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001Z5"/>
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        <balance>37333145.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>13197774.63000000</valUSD>
        <pctVal>0.970080541217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yapi ve Kredi Bankasi AS</name>
        <lei>B85ZYWEZ5IZCZ2WNIO12</lei>
        <title>Yapi ve Kredi Bankasi AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAYKBNK91N6"/>
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        <balance>2876103.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>816603.09000000</valUSD>
        <pctVal>0.060023056137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dongfeng Motor Group Co. Ltd.</name>
        <lei>3003002JNYOYPX54GE50</lei>
        <title>Dongfeng Motor Group Co. Ltd., H Shares</title>
        <cusip>Y21042109</cusip>
        <identifiers>
          <isin value="CNE100000312"/>
        </identifiers>
        <balance>2729424.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2550814.36000000</valUSD>
        <pctVal>0.187493380078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Catcher Technology Co. Ltd.</name>
        <lei>5299006PRSCU66N5JF55</lei>
        <title>Catcher Technology Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002474004"/>
        </identifiers>
        <balance>394000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>2281101.10000000</valUSD>
        <pctVal>0.167668554108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRPC PCL</name>
        <lei>254900IKV8DJ1C05JB68</lei>
        <title>IRPC PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0471010R11"/>
        </identifiers>
        <balance>11768873.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1525085.63000000</valUSD>
        <pctVal>0.112098890519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CGN Power Co. Ltd.</name>
        <lei>529900D2UINCGWQYBK45</lei>
        <title>CGN Power Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003N43"/>
        </identifiers>
        <balance>225200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>102758.74000000</valUSD>
        <pctVal>0.007553110801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Longfor Group Holdings Ltd.</name>
        <lei>254900UJX27B2F1JYR13</lei>
        <title>Longfor Group Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5635P1090"/>
        </identifiers>
        <balance>640135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>3110547.30000000</valUSD>
        <pctVal>0.228635621751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centrais Eletricas Brasileiras S.A.</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>Centrais Eletricas Brasileiras S.A., Class B, Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRELETACNPB7"/>
        </identifiers>
        <balance>265500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>1593847.79000000</valUSD>
        <pctVal>0.117153139077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Eregli Demir ve Celik Fabrikalari TAS</name>
        <lei>789000VYQF5IDGG49908</lei>
        <title>Eregli Demir ve Celik Fabrikalari TAS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAEREGL91G3"/>
        </identifiers>
        <balance>988236.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>2023719.53000000</valUSD>
        <pctVal>0.148750148564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mr Price Group Ltd.</name>
        <lei>378900D3417C35C5D733</lei>
        <title>Mr Price Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000200457"/>
        </identifiers>
        <balance>94351.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1241212.23000000</valUSD>
        <pctVal>0.091233246937</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>China Mengniu Dairy Co. Ltd.</name>
        <lei>2549005Q343BSJ8RSS21</lei>
        <title>China Mengniu Dairy Co. Ltd.</title>
        <cusip>G21096105</cusip>
        <identifiers>
          <isin value="KYG210961051"/>
        </identifiers>
        <balance>365000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2324930.42000000</valUSD>
        <pctVal>0.170890155602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Braskem S.A.</name>
        <lei>549300RPMQUFGBB7EY44</lei>
        <title>Braskem S.A., Class A, Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBRKMACNPA4"/>
        </identifiers>
        <balance>277109.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>2677196.41000000</valUSD>
        <pctVal>0.196782883112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Bangkok Dusit Medical Services PCL</name>
        <lei>N/A</lei>
        <title>Bangkok Dusit Medical Services PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0264010R10"/>
        </identifiers>
        <balance>1838427.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1301982.51000000</valUSD>
        <pctVal>0.095700065606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bangchak Corp.PCL</name>
        <lei>254900M7L6ML94L1YX58</lei>
        <title>Bangchak Corp.PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0420010R18"/>
        </identifiers>
        <balance>1261554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1045513.00000000</valUSD>
        <pctVal>0.076848699521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Communications Co. Ltd.</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>Bank of Communications Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000S2"/>
        </identifiers>
        <balance>3708893.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>2619692.21000000</valUSD>
        <pctVal>0.192556132237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Bank Mandiri (Persero) Tbk</name>
        <lei>549300RSKQN4Z5ZSGH94</lei>
        <title>PT Bank Mandiri (Persero) Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000095003"/>
        </identifiers>
        <balance>5995751.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.50000000"/>
        <valUSD>3036492.92000000</valUSD>
        <pctVal>0.223192377337</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>AU Optronics Corp.</name>
        <lei>391200L7PIS4QXYJUQ72</lei>
        <title>AU Optronics Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002409000"/>
        </identifiers>
        <balance>7372519.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>5090255.31000000</valUSD>
        <pctVal>0.374150776513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Mexico S.A.B. de C.V.</name>
        <lei>529900JWLZAYET2ZGW20</lei>
        <title>Grupo Mexico S.A.B. de C.V., Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP370841019"/>
        </identifiers>
        <balance>635596.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.54300000"/>
        <valUSD>2794481.37000000</valUSD>
        <pctVal>0.205403719629</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>Larsen &amp; Toubro Ltd.</name>
        <lei>3358003FR3JIC5FRXA90</lei>
        <title>Larsen &amp; Toubro Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE018A01030"/>
        </identifiers>
        <balance>141658.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>3342093.06000000</valUSD>
        <pctVal>0.245655008919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco do Brasil S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>Banco do Brasil S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBASACNOR3"/>
        </identifiers>
        <balance>1716058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>8676184.67000000</valUSD>
        <pctVal>0.637728568363</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>Peoples Insurance Co. Group of China Ltd. (The)</name>
        <lei>3003000P2JHYHQ524P66</lei>
        <title>Peoples Insurance Co. Group of China Ltd. (The), H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001MK7"/>
        </identifiers>
        <balance>4719062.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1474128.67000000</valUSD>
        <pctVal>0.108353383665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kasikornbank PCL</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>Kasikornbank PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0016010R14"/>
        </identifiers>
        <balance>206345.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>876806.90000000</valUSD>
        <pctVal>0.064448237368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>N/A</cusip>
        <identifiers>
          <isin value="TW0002327004"/>
        </identifiers>
        <balance>84000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1310966.07000000</valUSD>
        <pctVal>0.096360387289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Severstal PJSC</name>
        <lei>213800OKDPTV6K4ONO53</lei>
        <title>Severstal PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009046510"/>
        </identifiers>
        <balance>134382.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>3050811.56000000</valUSD>
        <pctVal>0.224244845229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Krung Thai Bank PCL</name>
        <lei>54930007ZQMYCRFQGE36</lei>
        <title>Krung Thai Bank PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0150010R11"/>
        </identifiers>
        <balance>7190850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>2492120.09000000</valUSD>
        <pctVal>0.183179155082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anhui Conch Cement Co. Ltd.</name>
        <lei>300300JVKW56SSAEQZ33</lei>
        <title>Anhui Conch Cement Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019V8"/>
        </identifiers>
        <balance>94800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>564121.70000000</valUSD>
        <pctVal>0.041464830199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charoen Pokphand Foods PCL</name>
        <lei>529900FJ3AI2GKGIWK15</lei>
        <title>Charoen Pokphand Foods PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0101010R14"/>
        </identifiers>
        <balance>2551456.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1941513.27000000</valUSD>
        <pctVal>0.142707713727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Power Grid Corp. of India Ltd.</name>
        <lei>3358009SHWZ3DZEQ4Z56</lei>
        <title>Power Grid Corp. of India Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE752E01010"/>
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        <balance>1056467.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>2610790.00000000</valUSD>
        <pctVal>0.191901790052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Akbank T.A.S.</name>
        <lei>789000TUMN63Z28TJ497</lei>
        <title>Akbank T.A.S.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAAKBNK91N6"/>
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        <balance>3550434.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>2163829.29000000</valUSD>
        <pctVal>0.159048684160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haier Smart Home Co. Ltd.</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>Haier Smart Home Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000CG9"/>
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        <balance>72300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>307308.61000000</valUSD>
        <pctVal>0.022588209835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vipshop Holdings Ltd.</name>
        <lei>549300I9F52K06HPZX60</lei>
        <title>Vipshop Holdings Ltd., ADR</title>
        <cusip>92763W103</cusip>
        <identifiers>
          <isin value="US92763W1036"/>
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        <balance>61758.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>689219.28000000</valUSD>
        <pctVal>0.050659920395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Everbright Bank Co. Ltd.</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>China Everbright Bank Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QW3"/>
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        <balance>2909116.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1024672.40000000</valUSD>
        <pctVal>0.075316845773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc., ADR</title>
        <cusip>056752108</cusip>
        <identifiers>
          <isin value="US0567521085"/>
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        <balance>30722.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4984337.28000000</valUSD>
        <pctVal>0.366365447338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Conch Venture Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>China Conch Venture Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2116J1085"/>
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        <balance>304361.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1486777.69000000</valUSD>
        <pctVal>0.109283128907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="709351.57000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>China Merchants Bank Co. Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>China Merchants Bank Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002M1"/>
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        <balance>1122718.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>9460559.44000000</valUSD>
        <pctVal>0.695382735276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Canadian Solar, Inc.</name>
        <lei>5493001XSC6TKMBVOM15</lei>
        <title>Canadian Solar, Inc.</title>
        <cusip>136635109</cusip>
        <identifiers>
          <isin value="CA1366351098"/>
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        <balance>23600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>980580.00000000</valUSD>
        <pctVal>0.072075907020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="954419.40000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>China Hongqiao Group Ltd.</name>
        <lei>3003009Q4IBFSDE24571</lei>
        <title>China Hongqiao Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG211501005"/>
        </identifiers>
        <balance>1244500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1383835.43000000</valUSD>
        <pctVal>0.101716528772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="683453.77000000"/>
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      <invstOrSec>
        <name>Cia Siderurgica Nacional S.A.</name>
        <lei>529900K40TEND42S0T46</lei>
        <title>Cia Siderurgica Nacional S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCSNAACNOR6"/>
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        <balance>217182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>877666.48000000</valUSD>
        <pctVal>0.064511419371</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>
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      <invstOrSec>
        <name>JBS S.A.</name>
        <lei>529900RM0MTMZL9O5050</lei>
        <title>JBS S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRJBSSACNOR8"/>
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        <balance>1074140.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>7441044.35000000</valUSD>
        <pctVal>0.546941627103</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>
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      <invstOrSec>
        <name>Haitong Securities Co., Ltd.</name>
        <lei>300300E1003931000068</lei>
        <title>Haitong Securities Co., Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000CK1"/>
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        <balance>264200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>509879.21000000</valUSD>
        <pctVal>0.037477825910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PT Bank Central Asia Tbk</name>
        <lei>254900BR956G2OHVOM21</lei>
        <title>PT Bank Central Asia Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000109507"/>
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        <balance>6514742.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.50000000"/>
        <valUSD>3437282.26000000</valUSD>
        <pctVal>0.252651733233</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>
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      <invstOrSec>
        <name>Surgutneftegas PJSC</name>
        <lei>2138002GZLU65FRAC894</lei>
        <title>Surgutneftegas PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0008926258"/>
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        <balance>3190127.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>1533445.82000000</valUSD>
        <pctVal>0.112713392423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sul America S.A.</name>
        <lei>N/A</lei>
        <title>Sul America S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSULACDAM12"/>
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        <balance>195955.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>902776.54000000</valUSD>
        <pctVal>0.066357092697</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Cencosud S.A.</name>
        <lei>549300NLTGCFV7482429</lei>
        <title>Cencosud S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CL0000000100"/>
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        <balance>581892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="811.31500000"/>
        <valUSD>853492.76000000</valUSD>
        <pctVal>0.062734570164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ultrapar Participacoes S.A.</name>
        <lei>529900FU4XBXGQMLRE72</lei>
        <title>Ultrapar Participacoes S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRUGPAACNOR8"/>
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        <balance>785192.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>1817767.54000000</valUSD>
        <pctVal>0.133611989024</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>
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      <invstOrSec>
        <name>Powertech Technology, Inc.</name>
        <lei>254900O6KNZXH2RI9Q14</lei>
        <title>Powertech Technology, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006239007"/>
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        <balance>394200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1380695.83000000</valUSD>
        <pctVal>0.101485757680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Pharmaceuticals Holding Co. Ltd.</name>
        <lei>30030029J1KKCBY19820</lei>
        <title>Shanghai Pharmaceuticals Holding Co. Ltd., H Shares</title>
        <cusip>Y7685S108</cusip>
        <identifiers>
          <isin value="CNE1000012B3"/>
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        <balance>720043.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1319931.51000000</valUSD>
        <pctVal>0.097019377091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Pacific Insurance Group Co. Ltd.</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>China Pacific Insurance Group Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008M8"/>
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        <balance>177300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>759148.66000000</valUSD>
        <pctVal>0.055799963524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tatneft PJSC</name>
        <lei>253400PAT768SVJMV121</lei>
        <title>Tatneft PJSC, Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0006944147"/>
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        <balance>67628.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>465077.26000000</valUSD>
        <pctVal>0.034184732861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITC Ltd.</name>
        <lei>335800WLOU3OFWFTMP43</lei>
        <title>ITC Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE154A01025"/>
        </identifiers>
        <balance>864752.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>2577583.13000000</valUSD>
        <pctVal>0.189460974132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yes Bank Ltd.</name>
        <lei>335800X6WKDDXJUSFZ86</lei>
        <title>Yes Bank Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE528G01035"/>
        </identifiers>
        <balance>409658.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>70025.84000000</valUSD>
        <pctVal>0.005147133260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander Brasil S.A.</name>
        <lei>549300D1H731B30TSI43</lei>
        <title>Banco Santander Brasil S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSANBCDAM13"/>
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        <balance>359700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <pctVal>0.161345898806</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Industrial &amp; Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001P37"/>
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        <balance>4176412.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <pctVal>0.224024146300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wal-Mart de Mexico S.A.B. de C.V.</name>
        <lei>N/A</lei>
        <title>Wal-Mart de Mexico S.A.B. de C.V., Series V</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
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        <balance>1751174.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.54300000"/>
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        <pctVal>0.449942944877</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Sinopharm Group Co. Ltd.</name>
        <lei>529900N54X78YH9JYK92</lei>
        <title>Sinopharm Group Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FN7"/>
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        <balance>1136176.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <pctVal>0.199252649793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="991371.71000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Suzano S.A.</name>
        <lei>391200AW174YQSDMGG41</lei>
        <title>Suzano S.A.</title>
        <cusip>P8T20U187</cusip>
        <identifiers>
          <isin value="BRSUZBACNOR0"/>
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        <balance>125768.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <pctVal>0.080734477947</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>
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      </invstOrSec>
      <invstOrSec>
        <name>China Shenhua Energy Co. Ltd.</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>China Shenhua Energy Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002R0"/>
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        <balance>2786120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>6002708.71000000</valUSD>
        <pctVal>0.441219150759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wistron Corp.</name>
        <lei>254900DIEONKUALBFM06</lei>
        <title>Wistron Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003231007"/>
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        <balance>1468875.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1542375.53000000</valUSD>
        <pctVal>0.113369755951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Agricultural Bank of China Ltd.</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>Agricultural Bank of China Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000Q43"/>
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        <balance>28147842.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>9588803.43000000</valUSD>
        <pctVal>0.704809097123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Compal Electronics, Inc.</name>
        <lei>529900ZPKWFDL21LW166</lei>
        <title>Compal Electronics, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002324001"/>
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        <balance>2003000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <pctVal>0.129446208437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Merchants Bank Co. Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>China Merchants Bank Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001B33"/>
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        <balance>431800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <pctVal>0.267676146352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JSW Steel Ltd.</name>
        <lei>335800EK6HZSC4CVAJ09</lei>
        <title>JSW Steel Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE019A01038"/>
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        <balance>339966.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
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        <pctVal>0.223302182510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jiangxi Copper Co., Ltd.</name>
        <lei>3003002E74YFQ6MEZY56</lei>
        <title>Jiangxi Copper Co., Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019P0"/>
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        <balance>79700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Winbond Electronics Corp.</name>
        <lei>254900STBMBTLA91J410</lei>
        <title>Winbond Electronics Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002344009"/>
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        <balance>913000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEPI Rockcastle PLC</name>
        <lei>549300FMWM53K9ULYT15</lei>
        <title>NEPI Rockcastle PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IM00BDD7WV31"/>
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        <balance>178480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Formosa Chemicals &amp; Fibre Corp.</name>
        <lei>254900OJX8UZOAIVSU82</lei>
        <title>Formosa Chemicals &amp; Fibre Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001326007"/>
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        <balance>634920.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invesco Private Government Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Government Fund</title>
        <cusip>N/A</cusip>
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          <other otherDesc="CADIS_ID" value="2442116"/>
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        <curCd>USD</curCd>
        <valUSD>10330293.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="10330293.81000000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>Itau Unibanco Holding S.A.</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding S.A., Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRITUBACNPR1"/>
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        <balance>5428675.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Vanke Co., Ltd.</name>
        <lei>529900E66UJ2DWY7KW55</lei>
        <title>China Vanke Co., Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001SR9"/>
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        <balance>998592.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Rural Commercial Bank Co., Ltd.</name>
        <lei>300300C1126750000027</lei>
        <title>Chongqing Rural Commercial Bank Co., Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000X44"/>
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        <balance>2372000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>853780.35000000</valUSD>
        <pctVal>0.062755708990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Itau Unibanco Holding S.A.</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRITUBACNOR4"/>
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        <balance>499900.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>1864980.84000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>IRB Brasil Resseguros S.A.</name>
        <lei>21380017DVWSU9AEU878</lei>
        <title>IRB Brasil Resseguros S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRIRBRACNOR4"/>
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        <balance>1909100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Vanke Co. Ltd.</name>
        <lei>529900E66UJ2DWY7KW55</lei>
        <title>China Vanke Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000000T2"/>
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        <balance>363000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of Baroda</name>
        <lei>549300CQ6M9Q0TJEZR23</lei>
        <title>Bank of Baroda</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE028A01039"/>
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        <balance>859097.00000000</balance>
        <units>NS</units>
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        <pctVal>0.082220633197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Shenhua Energy Co. Ltd.</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>China Shenhua Energy Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000767"/>
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        <balance>393900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PT Bank Rakyat Indonesia (Persero) Tbk</name>
        <lei>254900HB6S4B12GBNP64</lei>
        <title>PT Bank Rakyat Indonesia (Persero) Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000118201"/>
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        <balance>16605742.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="14167.50000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aluminum Corp. of China Ltd.</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>Aluminum Corp. of China Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000T0"/>
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        <balance>830600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sinopec Shanghai Petrochemical Co. Ltd.</name>
        <lei>5299008RZ0G8ACZ8ZU65</lei>
        <title>Sinopec Shanghai Petrochemical Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004C8"/>
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        <balance>3465150.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Automobile Group Co., Ltd.</name>
        <lei>5299005KY9BJO3ZE6A37</lei>
        <title>Guangzhou Automobile Group Co., Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001NQ2"/>
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        <balance>83900.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PTT PCL</name>
        <lei>549300QOGMPTKB6W7G56</lei>
        <title>PTT PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0646010R18"/>
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        <balance>11401614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tencent Holdings Ltd.</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
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        <balance>238374.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>14739318.30000000</valUSD>
        <pctVal>1.083389152678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Great Wall Motor Co. Ltd.</name>
        <lei>254900CR8AHWTMFZHH60</lei>
        <title>Great Wall Motor Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000338"/>
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        <balance>427880.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1930645.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="957641.98000000"/>
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      <invstOrSec>
        <name>State Bank of India</name>
        <lei>5493001JZ37UBBZF6L49</lei>
        <title>State Bank of India</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE062A01020"/>
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        <balance>865483.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>5803886.67000000</valUSD>
        <pctVal>0.426605066372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Indian Oil Corp. Ltd.</name>
        <lei>335800J8OBWE4VFUDG88</lei>
        <title>Indian Oil Corp. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE242A01010"/>
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        <balance>2489912.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
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        <pctVal>0.312721894723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of China Ltd.</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>Bank of China Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001N05"/>
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        <balance>2574200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Country Garden Holdings Co. Ltd.</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>Country Garden Holdings Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG245241032"/>
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        <balance>2701548.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Absa Group Ltd.</name>
        <lei>2138006IPPRD4N6XLT30</lei>
        <title>Absa Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000255915"/>
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        <balance>275152.00000000</balance>
        <units>NS</units>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Naspers Ltd.</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>Naspers Ltd., Class N</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000015889"/>
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        <balance>29706.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Housing Development Finance Corp. Ltd.</name>
        <lei>335800OX2H9AP7NHLT64</lei>
        <title>Housing Development Finance Corp. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE001A01036"/>
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        <balance>250360.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CTBC Financial Holding Co. Ltd.</name>
        <lei>549300IWDYIFW6JXM387</lei>
        <title>CTBC Financial Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lojas Americanas S.A.</name>
        <lei>N/A</lei>
        <title>Lojas Americanas S.A.</title>
        <cusip>N/A</cusip>
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          <isin value="BRLAMEACNOR9"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petroleo Brasileiro S.A.</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro S.A.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GF Securities Co., Ltd.</name>
        <lei>3003007E0Y3ZJ5HNA936</lei>
        <title>GF Securities Co., Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000008L2"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nedbank Group Ltd.</name>
        <lei>3789009E42FA3CB31065</lei>
        <title>Nedbank Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000004875"/>
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        <balance>162301.00000000</balance>
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        <valUSD>1856958.35000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lite-On Technology Corp.</name>
        <lei>2549005GU1PQ73SZBT32</lei>
        <title>Lite-On Technology Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002301009"/>
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        <balance>722313.00000000</balance>
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        <valUSD>1592239.31000000</valUSD>
        <pctVal>0.117034910422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Communications Co. Ltd.</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>Bank of Communications Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000205"/>
        </identifiers>
        <balance>9335483.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>5556370.80000000</valUSD>
        <pctVal>0.408411822749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shoprite Holdings Ltd.</name>
        <lei>529900Q4O1EYP6NH5150</lei>
        <title>Shoprite Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000012084"/>
        </identifiers>
        <balance>166688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1990276.65000000</valUSD>
        <pctVal>0.146291985121</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1339543.03000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rural Electrification Corp. Ltd.</name>
        <lei>335800B4YRYWAMIJZ374</lei>
        <title>Rural Electrification Corp. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE020B01018"/>
        </identifiers>
        <balance>637704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>1265933.72000000</valUSD>
        <pctVal>0.093050359069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al Rajhi Bank</name>
        <lei>558600BQZS4Y1DTU8589</lei>
        <title>Al Rajhi Bank</title>
        <cusip>M0R60D105</cusip>
        <identifiers>
          <isin value="SA0007879113"/>
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        <balance>269939.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
        <valUSD>9974551.55000000</valUSD>
        <pctVal>0.733162873082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rumo S.A.</name>
        <lei>N/A</lei>
        <title>Rumo S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRAILACNOR9"/>
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        <balance>335500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>951684.41000000</valUSD>
        <pctVal>0.069951984588</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>Ambev S.A.</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>Ambev S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRABEVACNOR1"/>
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        <balance>2053444.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>6189110.09000000</valUSD>
        <pctVal>0.454920275128</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>Walsin Technology Corp.</name>
        <lei>N/A</lei>
        <title>Walsin Technology Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002492006"/>
        </identifiers>
        <balance>106000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>575579.41000000</valUSD>
        <pctVal>0.042307010175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AngloGold Ashanti Ltd.</name>
        <lei>378900EF3BA9A5F42A59</lei>
        <title>AngloGold Ashanti Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000043485"/>
        </identifiers>
        <balance>134415.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>2522757.32000000</valUSD>
        <pctVal>0.185431093874</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>Shenzhou International Group Holdings Ltd.</name>
        <lei>529900B4W41TCUKJFM73</lei>
        <title>Shenzhou International Group Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8087W1015"/>
        </identifiers>
        <balance>67957.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1465883.96000000</valUSD>
        <pctVal>0.107747369927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NetEase, Inc.</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG6427A1022"/>
        </identifiers>
        <balance>161900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>3198852.04000000</valUSD>
        <pctVal>0.235126315248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sasol Ltd.</name>
        <lei>378900F4544561A97588</lei>
        <title>Sasol Ltd.</title>
        <cusip>803866102</cusip>
        <identifiers>
          <isin value="ZAE000006896"/>
        </identifiers>
        <balance>300395.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>5071339.54000000</valUSD>
        <pctVal>0.372760404203</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>MultiChoice Group</name>
        <lei>254900BVQQ7DFBMSVJ81</lei>
        <title>MultiChoice Group</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000265971"/>
        </identifiers>
        <balance>139860.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1117683.83000000</valUSD>
        <pctVal>0.082153496715</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="70735.10000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Baoshan Iron &amp; Steel Co., Ltd.</name>
        <lei>300300PYAP4PEHORZT21</lei>
        <title>Baoshan Iron &amp; Steel Co., Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000015R4"/>
        </identifiers>
        <balance>951600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>1060257.84000000</valUSD>
        <pctVal>0.077932494537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASE Technology Holding Co. Ltd.</name>
        <lei>300300GO8QHPMV87NZ73</lei>
        <title>ASE Technology Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003711008"/>
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        <balance>1285362.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>4612946.67000000</valUSD>
        <pctVal>0.339066996345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shriram Transport Finance Co. Ltd.</name>
        <lei>335800TM2YO24B76XL26</lei>
        <title>Shriram Transport Finance Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE721A01013"/>
        </identifiers>
        <balance>65073.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>1248080.70000000</valUSD>
        <pctVal>0.091738102436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Formosa Plastics Corp.</name>
        <lei>254900KM6G17UTG1QN82</lei>
        <title>Formosa Plastics Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001301000"/>
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        <balance>887280.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>3429980.04000000</valUSD>
        <pctVal>0.252114995660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MediaTek, Inc.</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MediaTek, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002454006"/>
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        <balance>174091.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>5715701.42000000</valUSD>
        <pctVal>0.420123155789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Great Wall Motor Co. Ltd.</name>
        <lei>254900CR8AHWTMFZHH60</lei>
        <title>Great Wall Motor Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000018V8"/>
        </identifiers>
        <balance>34600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>367665.21000000</valUSD>
        <pctVal>0.027024621642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Grupo Televisa SAB</name>
        <lei>549300O4AF0C816ILN62</lei>
        <title>Grupo Televisa SAB</title>
        <cusip>P4987V137</cusip>
        <identifiers>
          <isin value="MXP4987V1378"/>
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        <balance>803366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.54300000"/>
        <valUSD>1634654.08000000</valUSD>
        <pctVal>0.120152537763</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>
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      </invstOrSec>
      <invstOrSec>
        <name>China Minsheng Banking Corp. Ltd.</name>
        <lei>549300HBUGSQD1VCXG94</lei>
        <title>China Minsheng Banking Corp. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HF9"/>
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        <balance>8093123.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>3214756.31000000</valUSD>
        <pctVal>0.236295332244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1601283.35000000"/>
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      <invstOrSec>
        <name>Vedanta Ltd.</name>
        <lei>335800XDKX9KB5EMCO07</lei>
        <title>Vedanta Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE205A01025"/>
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        <balance>1142575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>4638581.75000000</valUSD>
        <pctVal>0.340951260396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PICC Property &amp; Casualty Co. Ltd.</name>
        <lei>300300F1000311000017</lei>
        <title>PICC Property &amp; Casualty Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000593"/>
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        <balance>3997835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>3741361.58000000</valUSD>
        <pctVal>0.275002579462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saudi Kayan Petrochemical Co.</name>
        <lei>N/A</lei>
        <title>Saudi Kayan Petrochemical Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0MQCJ2"/>
        </identifiers>
        <balance>355062.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
        <valUSD>1927287.40000000</valUSD>
        <pctVal>0.141662064741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fubon Financial Holding Co. Ltd.</name>
        <lei>549300G7Y2TS2XNIB476</lei>
        <title>Fubon Financial Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002881000"/>
        </identifiers>
        <balance>2295440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <pctVal>0.446553277992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanlam Ltd.</name>
        <lei>37890014418406D9FC23</lei>
        <title>Sanlam Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000070660"/>
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        <balance>571722.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>2360233.91000000</valUSD>
        <pctVal>0.173485080098</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>Reliance Industries Ltd.</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>Reliance Industries Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IN9002A01032"/>
        </identifiers>
        <balance>22293.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>566381.01000000</valUSD>
        <pctVal>0.041630897035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mega Financial Holding Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Mega Financial Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002886009"/>
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        <balance>1928080.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <pctVal>0.170216257852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China State Construction International Holdings Ltd.</name>
        <lei>529900QVUUH13RIZIR85</lei>
        <title>China State Construction International Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG216771363"/>
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        <balance>1538000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1579707.03000000</valUSD>
        <pctVal>0.116113745960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vibra Energia S.A.</name>
        <lei>549300U7VLJ3SYVNY689</lei>
        <title>Vibra Energia S.A.</title>
        <cusip>P1904D109</cusip>
        <identifiers>
          <isin value="BRVBBRACNOR1"/>
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        <balance>836419.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <pctVal>0.228817072101</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>
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      <invstOrSec>
        <name>ZTO Express Cayman, Inc.</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO Express Cayman, Inc., ADR</title>
        <cusip>98980A105</cusip>
        <identifiers>
          <isin value="US98980A1051"/>
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        <balance>36804.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1079461.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BYD Co. Ltd.</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001526"/>
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        <balance>8100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <pctVal>0.028963611136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cielo S.A.</name>
        <lei>635400V276LMQ5UZ6C26</lei>
        <title>Cielo S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCIELACNOR3"/>
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        <balance>2824722.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <pctVal>0.080663837561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Indiabulls Housing Finance Ltd.</name>
        <lei>335800A2A3G53ZQZTQ21</lei>
        <title>Indiabulls Housing Finance Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE148I01020"/>
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        <balance>594510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
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        <pctVal>0.126518035959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PT Adaro Energy Tbk</name>
        <lei>529900P2WAH7XA87OI24</lei>
        <title>PT Adaro Energy Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000111305"/>
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        <balance>13528609.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.50000000"/>
        <valUSD>1604239.50000000</valUSD>
        <pctVal>0.117916964490</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Guotai Junan Securities Co. Ltd.</name>
        <lei>300300E1005431000017</lei>
        <title>Guotai Junan Securities Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FK9"/>
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        <balance>309000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>422642.87000000</valUSD>
        <pctVal>0.031065663383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ping An Insurance (Group) Co. of China Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance (Group) Co. of China Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
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        <balance>2156547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bharat Petroleum Corp. Ltd.</name>
        <lei>8GRDBX1TJ0PU5NCSHT72</lei>
        <title>Bharat Petroleum Corp. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE029A01011"/>
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        <balance>767843.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>4283155.28000000</valUSD>
        <pctVal>0.314826227044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Resources Gas Group Ltd.</name>
        <lei>529900A0E1J5JSOKEK83</lei>
        <title>China Resources Gas Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2113B1081"/>
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        <balance>234000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <pctVal>0.092421425519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Innolux Corp.</name>
        <lei>3003007EXL0825P1MJ10</lei>
        <title>Innolux Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003481008"/>
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        <balance>7281746.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <pctVal>0.321426380983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saudi Electricity Co.</name>
        <lei>549300FXO4ZXUIAXGP41</lei>
        <title>Saudi Electricity Co.</title>
        <cusip>M8T51J104</cusip>
        <identifiers>
          <isin value="SA0007879550"/>
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        <balance>409680.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
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        <pctVal>0.228802740419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zijin Mining Group Co. Ltd.</name>
        <lei>529900ABI5CBFXD01Q05</lei>
        <title>Zijin Mining Group Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000B24"/>
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        <balance>149600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nan Ya Plastics Corp.</name>
        <lei>254900L66RP14M9UOM28</lei>
        <title>Nan Ya Plastics Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="TW0001303006"/>
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        <balance>667940.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Invesco Private Prime Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Prime Fund</title>
        <cusip>N/A</cusip>
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        <curCd>USD</curCd>
        <valUSD>24104019.08000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TIM S.A.</name>
        <lei>N/A</lei>
        <title>TIM S.A.</title>
        <cusip>N/A</cusip>
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          <isin value="BRTIMSACNOR5"/>
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        <balance>575466.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Energisa S.A.</name>
        <lei>N/A</lei>
        <title>Energisa S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRENGICDAM16"/>
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        <balance>127000.00000000</balance>
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        <valUSD>892627.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANTA Sports Products Ltd.</name>
        <lei>529900291XG0CTK4LF95</lei>
        <title>ANTA Sports Products Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG040111059"/>
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        <balance>65041.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1016703.27000000</valUSD>
        <pctVal>0.074731088086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Minsheng Banking Corp. Ltd.</name>
        <lei>549300HBUGSQD1VCXG94</lei>
        <title>China Minsheng Banking Corp. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000015Y0"/>
        </identifiers>
        <balance>3385245.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <pctVal>0.151256595618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>President Chain Store Corp.</name>
        <lei>N/A</lei>
        <title>President Chain Store Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002912003"/>
        </identifiers>
        <balance>131000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1323731.95000000</valUSD>
        <pctVal>0.097298722131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sibanye Stillwater Ltd.</name>
        <lei>378900F238434B74D281</lei>
        <title>Sibanye Stillwater Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000259701"/>
        </identifiers>
        <balance>382713.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1343020.49000000</valUSD>
        <pctVal>0.098716494282</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1326776.43000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reliance Industries Ltd.</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>Reliance Industries Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
        </identifiers>
        <balance>587779.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>19908247.91000000</valUSD>
        <pctVal>1.463322753165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bidvest Group Ltd. (The)</name>
        <lei>5299002ARE4TRMIRGM72</lei>
        <title>Bidvest Group Ltd. (The)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000117321"/>
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        <balance>108228.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1362747.17000000</valUSD>
        <pctVal>0.100166471187</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>Trip.com Group Ltd.</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd., ADR</title>
        <cusip>89677Q107</cusip>
        <identifiers>
          <isin value="US89677Q1076"/>
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        <balance>101801.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2907436.56000000</valUSD>
        <pctVal>0.213706303581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Insurance Group Co. of China Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance Group Co. of China Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001R84"/>
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        <balance>277500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>2149559.33000000</valUSD>
        <pctVal>0.157999794411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Itausa S.A.</name>
        <lei>N/A</lei>
        <title>Itausa S.A., Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRITSAACNPR7"/>
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        <balance>1508800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>2743516.05000000</valUSD>
        <pctVal>0.201657598287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GAIL (India) Ltd.</name>
        <lei>335800N82LJD42ZA5L32</lei>
        <title>GAIL (India) Ltd.</title>
        <cusip>Y2682X135</cusip>
        <identifiers>
          <isin value="INE129A01019"/>
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        <balance>819872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>1629753.07000000</valUSD>
        <pctVal>0.119792297150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIC Securities Co. Ltd.</name>
        <lei>300300E1006744000068</lei>
        <title>CITIC Securities Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000016V2"/>
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        <balance>518573.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1321256.05000000</valUSD>
        <pctVal>0.097116735207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maruti Suzuki India Ltd.</name>
        <lei>335800D27PBEESKKD357</lei>
        <title>Maruti Suzuki India Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE585B01010"/>
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        <balance>24220.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>2420148.27000000</valUSD>
        <pctVal>0.177888985787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saudi Telecom Co.</name>
        <lei>21380028ATJ79OTA9W17</lei>
        <title>Saudi Telecom Co.</title>
        <cusip>M8T596104</cusip>
        <identifiers>
          <isin value="SA0007879543"/>
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        <balance>60938.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
        <valUSD>1900809.41000000</valUSD>
        <pctVal>0.139715843988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Poly Developments and Holdings Group Co. Ltd.</name>
        <lei>300300W9OF1ZRGUDVU96</lei>
        <title>Poly Developments and Holdings Group Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001ND1"/>
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        <balance>492600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>966833.25000000</valUSD>
        <pctVal>0.071065474954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sberbank of Russia PJSC</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>Sberbank of Russia PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009029540"/>
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        <balance>7372593.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>36998419.46000000</valUSD>
        <pctVal>2.719507476083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Turkiye Halk Bankasi AS</name>
        <lei>78900012HXPJ1YQGTH03</lei>
        <title>Turkiye Halk Bankasi AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRETHAL00019"/>
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        <balance>1318593.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>607516.99000000</valUSD>
        <pctVal>0.044654529038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hengan International Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Hengan International Group Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4402L1510"/>
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        <balance>291088.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1521101.83000000</valUSD>
        <pctVal>0.111806067906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rosneft Oil Co. PJSC</name>
        <lei>253400JT3MQWNDKMJE44</lei>
        <title>Rosneft Oil Co. PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0J2Q06"/>
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        <balance>973570.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>8733987.38000000</valUSD>
        <pctVal>0.641977260720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>E.Sun Financial Holding Co. Ltd.</name>
        <lei>549300X6CNQE512OPC90</lei>
        <title>E.Sun Financial Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002884004"/>
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        <balance>2395472.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <pctVal>0.168106747956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gazprom PJSC</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>Gazprom PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0007661625"/>
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        <balance>8915391.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>43965571.72000000</valUSD>
        <pctVal>3.231616450862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yanzhou Coal Mining Co. Ltd.</name>
        <lei>3003005N7A6HYZ4Z0K39</lei>
        <title>Yanzhou Coal Mining Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004Q8"/>
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        <balance>1983969.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <pctVal>0.216332222967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Surgutneftegas PJSC</name>
        <lei>2138002GZLU65FRAC894</lei>
        <title>Surgutneftegas PJSC, Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009029524"/>
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        <balance>3473932.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>1890899.94000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Centrais Eletricas Brasileiras S.A.</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>Centrais Eletricas Brasileiras S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRELETACNOR6"/>
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        <balance>391750.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>2351055.97000000</valUSD>
        <pctVal>0.172810470836</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>
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      </invstOrSec>
      <invstOrSec>
        <name>China State Construction Engineering Corp. Ltd.</name>
        <lei>300300CWW8WOEV3BR645</lei>
        <title>China State Construction Engineering Corp. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000F46"/>
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        <balance>4392037.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>3198301.75000000</valUSD>
        <pctVal>0.235085867094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Turkcell Iletisim Hizmetleri AS</name>
        <lei>7890003EX1LTLS2FFL84</lei>
        <title>Turkcell Iletisim Hizmetleri AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRATCELL91M1"/>
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        <balance>1012077.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleo Brasileiro S.A.</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro S.A., Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRPETRACNPR6"/>
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        <balance>4904547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tata Consultancy Services Ltd.</name>
        <lei>335800ZJKU9GPQRE2U66</lei>
        <title>Tata Consultancy Services Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE467B01029"/>
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        <balance>130430.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cia de Saneamento Basico do Estado de Sao Paulo</name>
        <lei>254900UOXRZRS2TNWP19</lei>
        <title>Cia de Saneamento Basico do Estado de Sao Paulo</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSBSPACNOR5"/>
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        <balance>284992.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sinopec Shanghai Petrochemical Co. Ltd.</name>
        <lei>5299008RZ0G8ACZ8ZU65</lei>
        <title>Sinopec Shanghai Petrochemical Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000BB2"/>
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        <balance>403000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CP ALL PCL</name>
        <lei>894500LSBZLM09TY1A91</lei>
        <title>CP ALL PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0737010R15"/>
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        <balance>1597130.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander Chile</name>
        <lei>3YJP8HORPAEXJ80D6368</lei>
        <title>Banco Santander Chile</title>
        <cusip>P1506A107</cusip>
        <identifiers>
          <isin value="CLP1506A1070"/>
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        <balance>31628660.00000000</balance>
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        <currencyConditional curCd="CLP" exchangeRt="811.31500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Falabella S.A.</name>
        <lei>5493004CKJQ7H391LM41</lei>
        <title>Falabella S.A.</title>
        <cusip>P3880F108</cusip>
        <identifiers>
          <isin value="CLP3880F1085"/>
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        <balance>255861.00000000</balance>
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        <currencyConditional curCd="CLP" exchangeRt="811.31500000"/>
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        <pctVal>0.052146717330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UltraTech Cement Ltd.</name>
        <lei>335800PC9O9B4BQHG814</lei>
        <title>UltraTech Cement Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE481G01011"/>
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        <balance>13290.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
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        <pctVal>0.099615689330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CGN Power Co. Ltd.</name>
        <lei>529900D2UINCGWQYBK45</lei>
        <title>CGN Power Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001T80"/>
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        <balance>4710000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <pctVal>0.093458912695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Siam Cement PCL (The)</name>
        <lei>529900SEH9QK8ZZDCQ89</lei>
        <title>Siam Cement PCL (The), NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0003010R12"/>
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        <balance>508232.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
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        <pctVal>0.444689713953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Micro-Star International Co. Ltd.</name>
        <lei>254900F4E0BDGJSSD870</lei>
        <title>Micro-Star International Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002377009"/>
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        <balance>226000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1137781.61000000</valUSD>
        <pctVal>0.083630750710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Jinmao Holdings Group Ltd.</name>
        <lei>3003000CW9WBO3PJ7R66</lei>
        <title>China Jinmao Holdings Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0817039453"/>
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        <balance>3093596.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <pctVal>0.066646748786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hero MotoCorp Ltd.</name>
        <lei>335800Q49FBMZJTRLK49</lei>
        <title>Hero MotoCorp Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE158A01026"/>
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        <balance>35063.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>1244181.92000000</valUSD>
        <pctVal>0.091451529076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>China Southern Airlines Co. Ltd.</name>
        <lei>529900AJQ1Q18ABYVX84</lei>
        <title>China Southern Airlines Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002T6"/>
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        <balance>931952.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <pctVal>0.041739996575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Hindustan Unilever Ltd.</name>
        <lei>5493007IW5N37IKRPM32</lei>
        <title>Hindustan Unilever Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE030A01027"/>
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        <balance>63084.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
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        <pctVal>0.148191448927</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cia Energetica de Minas Gerais</name>
        <lei>254900W703PXLDSEM056</lei>
        <title>Cia Energetica de Minas Gerais, Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCMIGACNPR3"/>
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        <balance>1177391.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <pctVal>0.197740498616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENN Energy Holdings Ltd.</name>
        <lei>549300V7BXPWT6WIPR03</lei>
        <title>ENN Energy Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3066L1014"/>
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        <balance>145124.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Petroleum &amp; Chemical Corp.</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>China Petroleum &amp; Chemical Corp., H Shares</title>
        <cusip>Y15010104</cusip>
        <identifiers>
          <isin value="CNE1000002Q2"/>
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        <balance>23151604.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Seazen Group Ltd.</name>
        <lei>5493006M8GRAQRCSCD67</lei>
        <title>Seazen Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG7956A1094"/>
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        <balance>1294000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1026343.83000000</valUSD>
        <pctVal>0.075439701464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sociedad Quimica y Minera de Chile S.A.</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>Sociedad Quimica y Minera de Chile S.A., Class B, Preference Shares</title>
        <cusip>P8716X108</cusip>
        <identifiers>
          <isin value="CLP8716X1082"/>
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        <currencyConditional curCd="CLP" exchangeRt="811.31500000"/>
        <valUSD>933899.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tupras-Turkiye Petrol Rafinerileri A.S.</name>
        <lei>789000RCNG97UV50EE03</lei>
        <title>Tupras-Turkiye Petrol Rafinerileri A.S.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRATUPRS91E8"/>
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        <balance>214931.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>3125001.05000000</valUSD>
        <pctVal>0.229698020679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Taiping Insurance Holdings Co. Ltd.</name>
        <lei>529900C2G37NOIADYW07</lei>
        <title>China Taiping Insurance Holdings Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000055878"/>
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        <balance>1356392.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2074940.36000000</valUSD>
        <pctVal>0.152515050745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Air China Ltd.</name>
        <lei>213800I9TWC9K22N4502</lei>
        <title>Air China Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001NN0"/>
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        <balance>256200.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>340703.20000000</valUSD>
        <pctVal>0.025042823802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUA XIA Bank Co., Ltd.</name>
        <lei>300300AKNDEHIGVDZW37</lei>
        <title>HUA XIA Bank Co., Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FW7"/>
        </identifiers>
        <balance>1186500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>1043863.39000000</valUSD>
        <pctVal>0.076727447673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Construction Bank Corp.</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>China Construction Bank Corp., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002H1"/>
        </identifiers>
        <balance>52147624.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>35462033.41000000</valUSD>
        <pctVal>2.606577966928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cogna Educacao</name>
        <lei>549300BTP1E45NJ6R194</lei>
        <title>Cogna Educacao</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCOGNACNOR2"/>
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        <balance>3045700.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>1339956.71000000</valUSD>
        <pctVal>0.098491296213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shimao Group Holdings Ltd.</name>
        <lei>254900WTJ6B5CU69ZD26</lei>
        <title>Shimao Group Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG810431042"/>
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        <balance>647685.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1019104.44000000</valUSD>
        <pctVal>0.074907582105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="519895.86000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>GOME Retail Holdings Ltd.</name>
        <lei>549300JIWQNRJRLOJ771</lei>
        <title>GOME Retail Holdings Ltd.</title>
        <cusip>G3978C124</cusip>
        <identifiers>
          <isin value="BMG3978C1249"/>
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        <balance>4261000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>432725.08000000</valUSD>
        <pctVal>0.031806739512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="216018.32000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Oil &amp; Natural Gas Corp. Ltd.</name>
        <lei>335800FPDZ9MRSNO7N41</lei>
        <title>Oil &amp; Natural Gas Corp. Ltd.</title>
        <cusip>Y64606133</cusip>
        <identifiers>
          <isin value="INE213A01029"/>
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        <balance>2696350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>5367044.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cemex S.A.B. de C.V.</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>Cemex S.A.B. de C.V.</title>
        <cusip>P2253T133</cusip>
        <identifiers>
          <isin value="MXP225611567"/>
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        <balance>10008537.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.54300000"/>
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        <pctVal>0.474134768304</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Hindustan Petroleum Corp. Ltd.</name>
        <lei>335800DWLXIP7HFFY564</lei>
        <title>Hindustan Petroleum Corp. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE094A01015"/>
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        <balance>678027.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
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        <pctVal>0.206586863232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cia Brasileira de Distribuicao</name>
        <lei>5299003V5B6KLICZCC14</lei>
        <title>Cia Brasileira de Distribuicao</title>
        <cusip>DN1003209</cusip>
        <identifiers>
          <isin value="BRPCARACNOR3"/>
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        <balance>129479.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>586411.01000000</valUSD>
        <pctVal>0.043103168973</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Haci Omer Sabanci Holding A.S.</name>
        <lei>78900090FFOWNLGP0F20</lei>
        <title>Haci Omer Sabanci Holding A.S.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRASAHOL91Q5"/>
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        <balance>1346618.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>1557374.78000000</valUSD>
        <pctVal>0.114472250952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Evergrande Group</name>
        <lei>549300CUF7B1LAB15T90</lei>
        <title>China Evergrande Group</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2119W1069"/>
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        <balance>1565399.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <pctVal>0.034315754773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="119321.62000000"/>
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      <invstOrSec>
        <name>Cia Paranaense de Energia</name>
        <lei>2549001AS1I9A71VG663</lei>
        <title>Cia Paranaense de Energia, Class B, Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCPLEACNPB9"/>
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        <balance>943180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <pctVal>0.072807369647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banco Bradesco S.A.</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>Banco Bradesco S.A., Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBDCACNPR8"/>
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        <balance>4709179.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Delta Electronics, Inc.</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>Delta Electronics, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002308004"/>
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        <balance>378506.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>3334734.70000000</valUSD>
        <pctVal>0.245114144868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIC Ltd.</name>
        <lei>2549006I3Q3M98KHOT11</lei>
        <title>CITIC Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0267001375"/>
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        <balance>2338011.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2344307.57000000</valUSD>
        <pctVal>0.172314440884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Everbright Bank Co. Ltd.</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>China Everbright Bank Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000SL4"/>
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        <balance>2588800.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banco de Chile</name>
        <lei>8B4EZFY8IHJC44TT2K84</lei>
        <title>Banco de Chile</title>
        <cusip>P0939W108</cusip>
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          <isin value="CLP0939W1081"/>
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        <balance>10347936.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aspen Pharmacare Holdings Ltd.</name>
        <lei>635400ZYSN1IRD5QWQ94</lei>
        <title>Aspen Pharmacare Holdings Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="ZAE000066692"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chongqing Rural Commercial Bank Co. Ltd.</name>
        <lei>300300C1126750000027</lei>
        <title>Chongqing Rural Commercial Bank Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003NZ9"/>
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        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VTB Bank PJSC</name>
        <lei>253400V1H6ART1UQ0N98</lei>
        <title>VTB Bank PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JP5V6"/>
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        <balance>3432294590.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Is Yatirim Menkul Degerler AS</name>
        <lei>7890005YQXBTRIYDY554</lei>
        <title>Is Yatirim Menkul Degerler AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TREISMD00011"/>
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        <balance>364057.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>605805.63000000</valUSD>
        <pctVal>0.044528738359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gold Fields Ltd.</name>
        <lei>5299003KXIBJQYCBBD72</lei>
        <title>Gold Fields Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000018123"/>
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        <balance>266754.00000000</balance>
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        <valUSD>2515033.93000000</valUSD>
        <pctVal>0.184863398898</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>PT Bank Negara Indonesia (Persero) Tbk</name>
        <lei>549300HZ8J3MLVXQ8F85</lei>
        <title>PT Bank Negara Indonesia (Persero) Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000096605"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Huaneng Power International, Inc.</name>
        <lei>529900WU0SMVKMPG4V21</lei>
        <title>Huaneng Power International, Inc., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000006Z4"/>
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        <balance>6686542.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangdong Investment Ltd.</name>
        <lei>N/A</lei>
        <title>Guangdong Investment Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0270001396"/>
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        <balance>1008499.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Oriental Education &amp; Technology Group, Inc.</name>
        <lei>529900NHZVBZQZ8EKN29</lei>
        <title>New Oriental Education &amp; Technology Group, Inc., ADR</title>
        <cusip>647581107</cusip>
        <identifiers>
          <isin value="US6475811070"/>
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        <balance>61976.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127050.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tenaga Nasional Bhd</name>
        <lei>549300FV8X6UID6I1413</lei>
        <title>Tenaga Nasional Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5347OO009"/>
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        <balance>523900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Saudi Arabian Oil Co.</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>Saudi Arabian Oil Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14TG012N13"/>
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        <balance>310466.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
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        <pctVal>0.229669117695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Inter RAO UES PJSC</name>
        <lei>253400PMFKF8Q8G1FA17</lei>
        <title>Inter RAO UES PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JPNM1"/>
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        <balance>26554181.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
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        <pctVal>0.132149929640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jiangxi Copper Co. Ltd.</name>
        <lei>3003002E74YFQ6MEZY56</lei>
        <title>Jiangxi Copper Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003K3"/>
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        <balance>611490.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PT Telekomunikasi Indonesia (Persero) Tbk</name>
        <lei>529900M5SQZAOKV1PC81</lei>
        <title>PT Telekomunikasi Indonesia (Persero) Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000129000"/>
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        <balance>20031171.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.50000000"/>
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        <pctVal>0.394915153806</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>
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      <invstOrSec>
        <name>CITIC Securities Co. Ltd.</name>
        <lei>300300E1006744000068</lei>
        <title>CITIC Securities Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001DB6"/>
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        <balance>175300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <pctVal>0.052109967864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KOC Holding AS</name>
        <lei>7890005U0H950VH19H45</lei>
        <title>KOC Holding AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAKCHOL91Q8"/>
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        <balance>848063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>2079772.60000000</valUSD>
        <pctVal>0.152870236534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bid Corp. Ltd.</name>
        <lei>N/A</lei>
        <title>Bid Corp. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000216537"/>
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        <balance>80394.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1733971.64000000</valUSD>
        <pctVal>0.127452710335</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>
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      <invstOrSec>
        <name>Haitong Securities Co. Ltd.</name>
        <lei>300300E1003931000068</lei>
        <title>Haitong Securities Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000019K9"/>
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        <balance>1295621.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1154209.52000000</valUSD>
        <pctVal>0.084838256996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Equatorial Energia S.A.</name>
        <lei>N/A</lei>
        <title>Equatorial Energia S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BREQTLACNOR0"/>
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        <balance>381000.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <pctVal>0.113668478678</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>
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      <invstOrSec>
        <name>China Construction Bank Corp.</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>China Construction Bank Corp., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000742"/>
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        <balance>362300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>335730.31000000</valUSD>
        <pctVal>0.024677299768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Overseas Land &amp; Investment Ltd.</name>
        <lei>529900I6W35GYKRIZ151</lei>
        <title>China Overseas Land &amp; Investment Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0688002218"/>
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        <balance>3545683.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>7821510.37000000</valUSD>
        <pctVal>0.574907151060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cathay Financial Holding Co. Ltd.</name>
        <lei>5299009XR1QLFAMQ3X77</lei>
        <title>Cathay Financial Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002882008"/>
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        <balance>2151339.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <pctVal>0.330380575001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Microelectronics Corp.</name>
        <lei>391200YJCAGH9LF96P73</lei>
        <title>United Microelectronics Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002303005"/>
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        <balance>2275491.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Marfrig Global Foods S.A.</name>
        <lei>391200219USWMOBN3F92</lei>
        <title>Marfrig Global Foods S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRMRFGACNOR0"/>
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        <balance>448000.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
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        <pctVal>0.154804271167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Railway Group Ltd.</name>
        <lei>529900TFRLG8UDJ7QA89</lei>
        <title>China Railway Group Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000866"/>
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        <balance>2041600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>1674933.20000000</valUSD>
        <pctVal>0.123113187693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco BTG Pactual S.A.</name>
        <lei>ZXLTQRYIK6IJH3R0IK66</lei>
        <title>Banco BTG Pactual S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBPACUNT006"/>
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        <balance>214000.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>856075.93000000</valUSD>
        <pctVal>0.062924441792</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Enel Americas S.A.</name>
        <lei>549300LKH11TFCJLZK20</lei>
        <title>Enel Americas S.A.</title>
        <cusip>P37186106</cusip>
        <identifiers>
          <isin value="CLP371861061"/>
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        <balance>10270366.00000000</balance>
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        <currencyConditional curCd="CLP" exchangeRt="811.31500000"/>
        <valUSD>1170949.45000000</valUSD>
        <pctVal>0.086068697794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cia Energetica de Minas Gerais</name>
        <lei>254900W703PXLDSEM056</lei>
        <title>Cia Energetica de Minas Gerais</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCMIGACNOR6"/>
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        <balance>222743.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>656730.29000000</valUSD>
        <pctVal>0.048271871055</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>Indorama Ventures PCL</name>
        <lei>N/A</lei>
        <title>Indorama Ventures PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH1027010R10"/>
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        <balance>963139.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1219071.44000000</valUSD>
        <pctVal>0.089605824879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aluminum Corp.of China Ltd.</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>Aluminum Corp.of China Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001T8"/>
        </identifiers>
        <balance>3001353.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1794086.87000000</valUSD>
        <pctVal>0.131871380640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="907964.62000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial Bank Co. Ltd.</name>
        <lei>300300C1030935001303</lei>
        <title>Industrial Bank Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001QZ7"/>
        </identifiers>
        <balance>823600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>2397710.37000000</valUSD>
        <pctVal>0.176239725152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asustek Computer, Inc.</name>
        <lei>254900B3WB4OGRB7HM13</lei>
        <title>Asustek Computer, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002357001"/>
        </identifiers>
        <balance>352641.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>4476410.92000000</valUSD>
        <pctVal>0.329031162429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD Co. Ltd.</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
        </identifiers>
        <balance>48965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1866939.92000000</valUSD>
        <pctVal>0.137226323284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="952729.25000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhen Ding Technology Holding Ltd.</name>
        <lei>549300H7R4K33675UP38</lei>
        <title>Zhen Ding Technology Holding Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG989221000"/>
        </identifiers>
        <balance>305000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1052915.48000000</valUSD>
        <pctVal>0.077392806539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSPC Pharmaceutical Group Ltd.</name>
        <lei>529900M3XQCW234H8O91</lei>
        <title>CSPC Pharmaceutical Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK1093012172"/>
        </identifiers>
        <balance>1268470.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1327327.35000000</valUSD>
        <pctVal>0.097562996047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China National Building Material Co. Ltd.</name>
        <lei>52990085PGF8YEPLBZ26</lei>
        <title>China National Building Material Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002N9"/>
        </identifiers>
        <balance>2962267.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>3724229.98000000</valUSD>
        <pctVal>0.273743349610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anhui Conch Cement Co. Ltd.</name>
        <lei>300300JVKW56SSAEQZ33</lei>
        <title>Anhui Conch Cement Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001W2"/>
        </identifiers>
        <balance>391157.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1945967.17000000</valUSD>
        <pctVal>0.143035090262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICICI Bank Ltd.</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI Bank Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE090A01021"/>
        </identifiers>
        <balance>265668.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>2845559.06000000</valUSD>
        <pctVal>0.209158100541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tech Mahindra Ltd.</name>
        <lei>3358005FZUZ1I25XQH69</lei>
        <title>Tech Mahindra Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE669C01036"/>
        </identifiers>
        <balance>109909.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>2169154.70000000</valUSD>
        <pctVal>0.159440119592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lojas Renner S.A.</name>
        <lei>N/A</lei>
        <title>Lojas Renner S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLRENACNOR1"/>
        </identifiers>
        <balance>203646.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>1164362.35000000</valUSD>
        <pctVal>0.085584523931</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>Woolworths Holdings Ltd.</name>
        <lei>37890095421E07184E97</lei>
        <title>Woolworths Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000063863"/>
        </identifiers>
        <balance>329470.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1168534.72000000</valUSD>
        <pctVal>0.085891207070</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>Yangzijiang Shipbuilding Holdings Ltd.</name>
        <lei>254900Z3JEM14YIGLM66</lei>
        <title>Yangzijiang Shipbuilding Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1U76934819"/>
        </identifiers>
        <balance>1487267.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.34850000"/>
        <valUSD>1566124.69000000</valUSD>
        <pctVal>0.115115398579</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>China Merchants Port Holdings Co. Ltd.</name>
        <lei>529900GA4UH90FUOR048</lei>
        <title>China Merchants Port Holdings Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0144000764"/>
        </identifiers>
        <balance>760072.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1270198.29000000</valUSD>
        <pctVal>0.093363819216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Impala Platinum Holdings Ltd.</name>
        <lei>254900BZFIFB4PD2Z778</lei>
        <title>Impala Platinum Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000083648"/>
        </identifiers>
        <balance>77788.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>1013239.88000000</valUSD>
        <pctVal>0.074476517347</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>MMC Norilsk Nickel PJSC</name>
        <lei>253400JPTEEW143W3E47</lei>
        <title>MMC Norilsk Nickel PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0007288411"/>
        </identifiers>
        <balance>18427.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>5745611.89000000</valUSD>
        <pctVal>0.422321675292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sun Pharmaceutical Industries Ltd.</name>
        <lei>335800KJ7GE29LB4SS73</lei>
        <title>Sun Pharmaceutical Industries Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE044A01036"/>
        </identifiers>
        <balance>176058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>1869174.33000000</valUSD>
        <pctVal>0.137390559886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axis Bank Ltd.</name>
        <lei>549300HVNWMJPOFVNI41</lei>
        <title>Axis Bank Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE238A01034"/>
        </identifiers>
        <balance>473119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>4688146.87000000</valUSD>
        <pctVal>0.344594462358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Automobile Group Co. Ltd.</name>
        <lei>5299005KY9BJO3ZE6A37</lei>
        <title>Guangzhou Automobile Group Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000Q35"/>
        </identifiers>
        <balance>1151502.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>1089471.69000000</valUSD>
        <pctVal>0.080079810142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="176730.66000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Uni-President Enterprises Corp.</name>
        <lei>254900DAXBDMVEXU5959</lei>
        <title>Uni-President Enterprises Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001216000"/>
        </identifiers>
        <balance>981941.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>2351700.76000000</valUSD>
        <pctVal>0.172857865056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TMBThanachart Bank PCL</name>
        <lei>549300WKGLXEV3DB7I54</lei>
        <title>TMBThanachart Bank PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0068010R15"/>
        </identifiers>
        <balance>32820762.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1147354.30000000</valUSD>
        <pctVal>0.084334375416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telefonica Brasil S.A.</name>
        <lei>529900MTGG2HSDBIWG79</lei>
        <title>Telefonica Brasil S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRVIVTACNOR0"/>
        </identifiers>
        <balance>408443.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>3298265.99000000</valUSD>
        <pctVal>0.242433572807</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>Shanghai Pudong Development Bank Co. Ltd.</name>
        <lei>300300C1031031001330</lei>
        <title>Shanghai Pudong Development Bank Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000011B7"/>
        </identifiers>
        <balance>1927352.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>2692564.32000000</valUSD>
        <pctVal>0.197912475855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PTT Exploration &amp; Production PCL</name>
        <lei>2549001O8YYGP5N7Q076</lei>
        <title>PTT Exploration &amp; Production PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0355010R16"/>
        </identifiers>
        <balance>742727.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>2630013.49000000</valUSD>
        <pctVal>0.193314780810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China CITIC Bank Corp. Ltd.</name>
        <lei>300300C1030211000384</lei>
        <title>China CITIC Bank Corp. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000R4"/>
        </identifiers>
        <balance>579001.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>410773.76000000</valUSD>
        <pctVal>0.030193244133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metallurgical Corp. of China Ltd.</name>
        <lei>3003002HS6H57JTIFW38</lei>
        <title>Metallurgical Corp. of China Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FX6"/>
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        <balance>1064800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>675556.39000000</valUSD>
        <pctVal>0.049655652320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Standard Bank Group Ltd.</name>
        <lei>2549003PEZXUT7MDBU41</lei>
        <title>Standard Bank Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000109815"/>
        </identifiers>
        <balance>341696.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>3044466.40000000</valUSD>
        <pctVal>0.223778454764</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2920307.72000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Geely Automobile Holdings Ltd.</name>
        <lei>549300YS3T1KVQ2SNI84</lei>
        <title>Geely Automobile Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3777B1032"/>
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        <balance>861080.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>2994223.46000000</valUSD>
        <pctVal>0.220085430766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Metallurgical Corp.of China Ltd.</name>
        <lei>3003002HS6H57JTIFW38</lei>
        <title>Metallurgical Corp.of China Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FF3"/>
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        <balance>2397531.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>665719.72000000</valUSD>
        <pctVal>0.048932624202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novolipetsk Steel PJSC</name>
        <lei>213800913TPW32I84456</lei>
        <title>Novolipetsk Steel PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009046452"/>
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        <balance>726230.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>2288976.05000000</valUSD>
        <pctVal>0.168247389250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Financial Holding Co. Ltd.</name>
        <lei>529900BC1U046Q2GUZ64</lei>
        <title>First Financial Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002892007"/>
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        <balance>1501163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1236191.55000000</valUSD>
        <pctVal>0.090864210178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PTT Global Chemical PCL</name>
        <lei>5493007X3230PPPZFF40</lei>
        <title>PTT Global Chemical PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH1074010R12"/>
        </identifiers>
        <balance>1560586.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>2951157.13000000</valUSD>
        <pctVal>0.216919911587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bharti Airtel Ltd.</name>
        <lei>335800KQ1FPKOQ84OR26</lei>
        <title>Bharti Airtel Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE397D01024"/>
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        <balance>355102.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>3250068.02000000</valUSD>
        <pctVal>0.238890860938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Cement Holdings Ltd.</name>
        <lei>529900E0EOYXYJ0GHY66</lei>
        <title>China Resources Cement Holdings Ltd.</title>
        <cusip>G2113L106</cusip>
        <identifiers>
          <isin value="KYG2113L1068"/>
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        <balance>990000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>834857.73000000</valUSD>
        <pctVal>0.061364833183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zijin Mining Group Co. Ltd.</name>
        <lei>529900ABI5CBFXD01Q05</lei>
        <title>Zijin Mining Group Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000502"/>
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        <balance>596072.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>830618.20000000</valUSD>
        <pctVal>0.061053213559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>B3 S.A. - Brasil Bolsa Balcao</name>
        <lei>4GTK5S46E6H318LMDS44</lei>
        <title>B3 S.A. - Brasil Bolsa Balcao</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRB3SAACNOR6"/>
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        <balance>1004055.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>2121393.48000000</valUSD>
        <pctVal>0.155929510308</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Air China Ltd.</name>
        <lei>213800I9TWC9K22N4502</lei>
        <title>Air China Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001S0"/>
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        <balance>1097752.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>774729.37000000</valUSD>
        <pctVal>0.056945197778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aeroflot PJSC</name>
        <lei>253400MSLG0NS4C3NB96</lei>
        <title>Aeroflot PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009062285"/>
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        <balance>1538373.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>1491085.56000000</valUSD>
        <pctVal>0.109599771749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mobile TeleSystems PJSC</name>
        <lei>2534008FX8EXH1FMJA74</lei>
        <title>Mobile TeleSystems PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0007775219"/>
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        <balance>841158.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>3675259.92000000</valUSD>
        <pctVal>0.270143886546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hindalco Industries Ltd.</name>
        <lei>335800KXLE5NO5B4GF90</lei>
        <title>Hindalco Industries Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE038A01020"/>
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        <balance>717372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>4404943.10000000</valUSD>
        <pctVal>0.323778038819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tatneft PJSC</name>
        <lei>253400PAT768SVJMV121</lei>
        <title>Tatneft PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009033591"/>
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        <balance>688375.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
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        <pctVal>0.386108514071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gerdau S.A.</name>
        <lei>254900YDV6SEQQPZVG24</lei>
        <title>Gerdau S.A., Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRGGBRACNPR8"/>
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        <balance>625492.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>2984874.01000000</valUSD>
        <pctVal>0.219398214946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New China Life Insurance Co. Ltd.</name>
        <lei>529900QCDGPLPB62KH67</lei>
        <title>New China Life Insurance Co. Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000019Y0"/>
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        <balance>61800.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
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        <pctVal>0.027804600885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chunghwa Telecom Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Chunghwa Telecom Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002412004"/>
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        <balance>918599.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>3650149.76000000</valUSD>
        <pctVal>0.268298205870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRF S.A.</name>
        <lei>254900MTXR9LUVQFU480</lei>
        <title>BRF S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBRFSACNOR8"/>
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        <balance>626800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>2583034.24000000</valUSD>
        <pctVal>0.189861648934</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Weichai Power Co., Ltd.</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>Weichai Power Co., Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000D4"/>
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        <balance>115900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>273481.47000000</valUSD>
        <pctVal>0.020101801998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Financiero Banorte S.A.B. de C.V.</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Grupo Financiero Banorte S.A.B. de C.V., Class O</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP370711014"/>
        </identifiers>
        <balance>720718.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.54300000"/>
        <valUSD>4573119.37000000</valUSD>
        <pctVal>0.336139556696</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>LUKOIL PJSC</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009024277"/>
        </identifiers>
        <balance>241894.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="70.96125000"/>
        <valUSD>24678139.31000000</valUSD>
        <pctVal>1.813925711662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nine Dragons Paper Holdings Ltd.</name>
        <lei>529900TBMYEYJ2LEV906</lei>
        <title>Nine Dragons Paper Holdings Ltd.</title>
        <cusip>G65318100</cusip>
        <identifiers>
          <isin value="BMG653181005"/>
        </identifiers>
        <balance>672571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>845571.68000000</valUSD>
        <pctVal>0.062152344313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HCL Technologies Ltd.</name>
        <lei>549300C1F8OLYSOQYB65</lei>
        <title>HCL Technologies Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE860A01027"/>
        </identifiers>
        <balance>189614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>2896199.15000000</valUSD>
        <pctVal>0.212880316392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Motors Ltd.</name>
        <lei>335800BO2LHWJJ8TZI32</lei>
        <title>Tata Motors Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE155A01022"/>
        </identifiers>
        <balance>1223396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>7902601.05000000</valUSD>
        <pctVal>0.580867587038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Infosys Ltd.</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE009A01021"/>
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        <balance>552712.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>12309963.28000000</valUSD>
        <pctVal>0.904823439997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Life Insurance Co., Ltd.</name>
        <lei>254900DUWXV1O3KM4P58</lei>
        <title>China Life Insurance Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002823002"/>
        </identifiers>
        <balance>1485240.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>1548877.50000000</valUSD>
        <pctVal>0.113847672475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>N/A</cusip>
        <identifiers>
          <isin value="INE628A01036"/>
        </identifiers>
        <balance>165067.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>1631684.75000000</valUSD>
        <pctVal>0.119934282085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cia Paranaense de Energia</name>
        <lei>2549001AS1I9A71VG663</lei>
        <title>Cia Paranaense de Energia</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCPLEACNOR8"/>
        </identifiers>
        <balance>196300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>187350.36000000</valUSD>
        <pctVal>0.013770877569</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>Coal India Ltd.</name>
        <lei>335800NLJQZNHM9LBB31</lei>
        <title>Coal India Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE522F01014"/>
        </identifiers>
        <balance>1491045.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>3274549.37000000</valUSD>
        <pctVal>0.240690321978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MTN Group Ltd.</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN Group Ltd.</title>
        <cusip>S8039R108</cusip>
        <identifiers>
          <isin value="ZAE000042164"/>
        </identifiers>
        <balance>469183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.20000000"/>
        <valUSD>4228203.11000000</valUSD>
        <pctVal>0.310787058903</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>Getnet Adquirencia e Servicos para Meios de Pagamento S.A.</name>
        <lei>N/A</lei>
        <title>Getnet Adquirencia e Servicos para Meios de Pagamento S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRGETTCDAM17"/>
        </identifiers>
        <balance>91975.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>71139.08000000</valUSD>
        <pctVal>0.005228960121</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>Huatai Securities Co., Ltd.</name>
        <lei>3003009ABT0UCWO79Q77</lei>
        <title>Huatai Securities Co., Ltd., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000LQ8"/>
        </identifiers>
        <balance>183900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>456064.41000000</valUSD>
        <pctVal>0.033522258265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIMB Group Holdings Bhd</name>
        <lei>549300FYDN5UD7USZW18</lei>
        <title>CIMB Group Holdings Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1023OO000"/>
        </identifiers>
        <balance>1442900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.14100000"/>
        <valUSD>1818869.36000000</valUSD>
        <pctVal>0.133692976476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huaneng Power International, Inc.</name>
        <lei>529900WU0SMVKMPG4V21</lei>
        <title>Huaneng Power International, Inc., A Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001998"/>
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        <balance>760000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.39930000"/>
        <valUSD>915662.65000000</valUSD>
        <pctVal>0.067304264846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Cement Corp.</name>
        <lei>529900C56C3PB9X9ZO58</lei>
        <title>Taiwan Cement Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001101004"/>
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        <balance>1667821.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>2893804.53000000</valUSD>
        <pctVal>0.212704303819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Life Insurance Co. Ltd.</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>China Life Insurance Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002L3"/>
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        <balance>2119752.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>3695031.80000000</valUSD>
        <pctVal>0.271597185802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PT Indah Kiat Pulp &amp; Paper Corp.Tbk</name>
        <lei>529900F19DXXA9HNCB51</lei>
        <title>PT Indah Kiat Pulp &amp; Paper Corp.Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000062201"/>
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        <balance>1016627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14167.50000000"/>
        <valUSD>608146.38000000</valUSD>
        <pctVal>0.044700791306</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>
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      <invstOrSec>
        <name>BIM Birlesik Magazalar AS</name>
        <lei>7890001GCDJQD8DJKE29</lei>
        <title>BIM Birlesik Magazalar AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TREBIMM00018"/>
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        <balance>146664.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="9.61515000"/>
        <valUSD>948000.56000000</valUSD>
        <pctVal>0.069681209302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Land &amp; Houses PCL</name>
        <lei>529900O7AEACUWP7KS87</lei>
        <title>Land &amp; Houses PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0143010R16"/>
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        <balance>3950926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1006112.40000000</valUSD>
        <pctVal>0.073952623747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jindal Steel &amp; Power Ltd.</name>
        <lei>335800UIKQBF6QO2NP15</lei>
        <title>Jindal Steel &amp; Power Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE749A01030"/>
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        <balance>268605.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>1496888.29000000</valUSD>
        <pctVal>0.110026291796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NTPC Ltd.</name>
        <lei>335800Q4TRGJXNLVMB81</lei>
        <title>NTPC Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE733E01010"/>
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        <balance>2609972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>4623491.00000000</valUSD>
        <pctVal>0.339842039839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuanta Financial Holding Co. Ltd.</name>
        <lei>21380045JG57LJEFFE13</lei>
        <title>Yuanta Financial Holding Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002885001"/>
        </identifiers>
        <balance>2815257.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>2500560.90000000</valUSD>
        <pctVal>0.183799582825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Minor International PCL</name>
        <lei>254900T4WB2UF9XPX041</lei>
        <title>Minor International PCL, NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0128010R17"/>
        </identifiers>
        <balance>1162332.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.18250000"/>
        <valUSD>1147182.19000000</valUSD>
        <pctVal>0.084321724756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alinma Bank</name>
        <lei>558600HPAUTN6XSVBK93</lei>
        <title>Alinma Bank</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA122050HV19"/>
        </identifiers>
        <balance>360748.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
        <valUSD>2418836.07000000</valUSD>
        <pctVal>0.177792534702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</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"/>
        </identifiers>
        <balance>250021.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.88125000"/>
        <valUSD>2952422.26000000</valUSD>
        <pctVal>0.217012902870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fosun International Ltd.</name>
        <lei>213800Z99WQEXDF82F09</lei>
        <title>Fosun International Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0656038673"/>
        </identifiers>
        <balance>849670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77905000"/>
        <valUSD>999412.59000000</valUSD>
        <pctVal>0.073460165322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metalurgica Gerdau S.A.</name>
        <lei>N/A</lei>
        <title>Metalurgica Gerdau S.A., Preference Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRGOAUACNPR8"/>
        </identifiers>
        <balance>1017300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.63700000"/>
        <valUSD>2257658.86000000</valUSD>
        <pctVal>0.165945471126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Pegatron Corp.</name>
        <lei>529900M87JQS8TUO0L66</lei>
        <title>Pegatron Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0004938006"/>
        </identifiers>
        <balance>1860260.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80850000"/>
        <valUSD>4548885.41000000</valUSD>
        <pctVal>0.334358279648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Sheri Morris</ncom:signature>
      <ncom:signerName>Sheri Morris</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
