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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Elektra, S.A.B. de C.V.</name>
        <lei>4469000001BCXPDCGY70</lei>
        <title>Grupo Elektra, S.A.B. de C.V.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01EL000003"/>
        </identifiers>
        <balance>73913.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.03900000"/>
        <valUSD>4721925.80000000</valUSD>
        <pctVal>0.573471175245</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="1575120.52000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Malaysia Airports Holdings Bhd.</name>
        <lei>2549003NBM1LN55SZ370</lei>
        <title>Malaysia Airports Holdings Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5014OO005"/>
        </identifiers>
        <balance>2434600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>3847983.41000000</valUSD>
        <pctVal>0.467332114464</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>Formosa Petrochemical Corp.</name>
        <lei>529900UWWAOQ8470E792</lei>
        <title>Formosa Petrochemical Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006505001"/>
        </identifiers>
        <balance>1568000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4427174.11000000</valUSD>
        <pctVal>0.537674001543</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>Hua Nan Financial Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Hua Nan Financial Holdings Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002880002"/>
        </identifiers>
        <balance>5904167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4205944.78000000</valUSD>
        <pctVal>0.510806013937</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>Kuwait Finance House K.S.C.P.</name>
        <lei>2549007KX0N057S9BC98</lei>
        <title>Kuwait Finance House K.S.C.P.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KW0EQ0100085"/>
        </identifiers>
        <balance>1479946.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt="0.30635000"/>
        <valUSD>3594189.06000000</valUSD>
        <pctVal>0.436509151476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</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>1460000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4079499.06000000</valUSD>
        <pctVal>0.495449361011</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>Public Bank Bhd.</name>
        <lei>549300L2RSQCVMOHGM20</lei>
        <title>Public Bank Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1295OO004"/>
        </identifiers>
        <balance>5711000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>4980560.48000000</valUSD>
        <pctVal>0.604881989430</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>RATCH Group PCL</name>
        <lei>2138004IGHN9UQGDSH20</lei>
        <title>RATCH Group PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0637010R17"/>
        </identifiers>
        <balance>4167158.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>4606785.69000000</valUSD>
        <pctVal>0.559487572580</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>IBF Financial Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>IBF Financial Holdings Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002889003"/>
        </identifiers>
        <balance>10060000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4041343.42000000</valUSD>
        <pctVal>0.490815412779</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>Kiatnakin Phatra Bank PCL</name>
        <lei>254900UPQE3MNOEDXK30</lei>
        <title>Kiatnakin Phatra Bank PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0121010R12"/>
        </identifiers>
        <balance>2298522.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>4038694.49000000</valUSD>
        <pctVal>0.490493703996</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>Cheng Shin Rubber Ind. Co., Ltd.</name>
        <lei>3003006VZBNKJZLNJ718</lei>
        <title>Cheng Shin Rubber Ind. Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002105004"/>
        </identifiers>
        <balance>3864000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4751051.48000000</valUSD>
        <pctVal>0.577008447673</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>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>1890162.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>6363560.77000000</valUSD>
        <pctVal>0.772845408438</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>3435500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>3619964.13000000</valUSD>
        <pctVal>0.439639497083</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>MISC Bhd.</name>
        <lei>9845002055U77FF6B972</lei>
        <title>MISC Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL3816OO005"/>
        </identifiers>
        <balance>2772400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>4537276.09000000</valUSD>
        <pctVal>0.551045730482</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>Industrial and Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial and Commercial Bank of China Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003G1"/>
        </identifiers>
        <balance>7915320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
        <valUSD>4255168.91000000</valUSD>
        <pctVal>0.516784214543</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>Vodacom Group</name>
        <lei>37890012A8DC24B8D663</lei>
        <title>Vodacom Group</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000132577"/>
        </identifiers>
        <balance>575811.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.28375000"/>
        <valUSD>3943874.29000000</valUSD>
        <pctVal>0.478977925512</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>Bumrungrad Hospital PCL</name>
        <lei>N/A</lei>
        <title>Bumrungrad Hospital PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0168010R13"/>
        </identifiers>
        <balance>539485.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3760082.88000000</valUSD>
        <pctVal>0.456656720064</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>BTS Group Holdings PCL</name>
        <lei>N/A</lei>
        <title>BTS Group Holdings PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0221010R10"/>
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        <balance>24026744.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>5417846.95000000</valUSD>
        <pctVal>0.657989809521</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>LG Uplus Corp.</name>
        <lei>N/A</lei>
        <title>LG Uplus Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7032640005"/>
        </identifiers>
        <balance>460927.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3795140.12000000</valUSD>
        <pctVal>0.460914372021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="823555.79000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Malayan Banking Bhd.</name>
        <lei>5493004OT3TOY404V310</lei>
        <title>Malayan Banking Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1155OO000"/>
        </identifiers>
        <balance>4072492.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>7906687.75000000</valUSD>
        <pctVal>0.960255986295</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>CJ CheilJedang Corp.</name>
        <lei>9884008938PK154I3A92</lei>
        <title>CJ CheilJedang Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7097950000"/>
        </identifiers>
        <balance>13626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3150961.60000000</valUSD>
        <pctVal>0.382679806596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CJ Corp.</name>
        <lei>N/A</lei>
        <title>CJ Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7001040005"/>
        </identifiers>
        <balance>52513.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3590062.39000000</valUSD>
        <pctVal>0.436007973272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Almarai Co. JSC</name>
        <lei>549300B4EDUXYD2G6098</lei>
        <title>Almarai Co. JSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0ETHT1"/>
        </identifiers>
        <balance>230979.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>3627233.08000000</valUSD>
        <pctVal>0.440522300726</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>Carabao Group PCL</name>
        <lei>N/A</lei>
        <title>Carabao Group PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6066010R13"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TIME dotCom Bhd.</name>
        <lei>N/A</lei>
        <title>TIME dotCom Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5031OO009"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Commercial &amp; Savings Bank, Ltd. (The)</name>
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        <title>Shanghai Commercial &amp; Savings Bank, Ltd. (The)</title>
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          <isin value="TW0005876007"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCG Packaging PCL</name>
        <lei>254900GZ121E5NIATI41</lei>
        <title>SCG Packaging PCL</title>
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          <isin value="TH0098010R12"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Advanced Info Service PCL</name>
        <lei>529900DU2YW1NO5RMU78</lei>
        <title>Advanced Info Service PCL, NVDR</title>
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          <isin value="TH0268010R11"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cia de Transmissao de Energia Eletrica Paulista</name>
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        <title>Cia de Transmissao de Energia Eletrica Paulista, Preference Shares</title>
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          <isin value="BRTRPLACNPR1"/>
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        <assetCat>EP</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>Hon Hai Precision Industry Co., Ltd.</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>Hon Hai Precision Industry Co., Ltd.</title>
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          <isin value="TW0002317005"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Taishin Financial Holding Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Taishin Financial Holding Co., Ltd.</title>
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          <isin value="TW0002887007"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Thai Beverage PCL</name>
        <lei>529900VZFHQZ684D8L07</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>TH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mobile Telecommunications Co. K.S.C.P.</name>
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        <title>Mobile Telecommunications Co. K.S.C.P.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HD Hyundai Co., Ltd.</name>
        <lei>N/A</lei>
        <title>HD Hyundai Co., Ltd.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>China CITIC Bank Corp. Ltd.</name>
        <lei>300300C1030211000384</lei>
        <title>China CITIC Bank Corp. Ltd., H Shares</title>
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          <isin value="CNE1000001Q4"/>
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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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      <invstOrSec>
        <name>Synnex Technology International Corp.</name>
        <lei>529900GMBJ3R4A2WBC71</lei>
        <title>Synnex Technology International Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="TW0002347002"/>
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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>WHA Corp. PCL</name>
        <lei>254900E68VLEZZULQP27</lei>
        <title>WHA Corp. PCL</title>
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        <assetCat>EC</assetCat>
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        <invCountry>TH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>China Steel Corp.</name>
        <lei>529900D3N7UIJMVJ9120</lei>
        <title>China Steel Corp.</title>
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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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        <name>Foxconn Technology Co., Ltd.</name>
        <lei>3003003OO8QC88ZHCE44</lei>
        <title>Foxconn Technology Co., Ltd.</title>
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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>Cheil Worldwide Inc.</name>
        <lei>N/A</lei>
        <title>Cheil Worldwide Inc.</title>
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        <assetCat>EC</assetCat>
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        <name>Airports of Thailand PCL</name>
        <lei>5299006VS4CU6LW0TY22</lei>
        <title>Airports of Thailand PCL</title>
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        <name>Shin Kong Financial Holding Co., Ltd.</name>
        <lei>529900YF6H5G3WJC6V36</lei>
        <title>Shin Kong Financial Holding Co., Ltd.</title>
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        <assetCat>EC</assetCat>
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        <name>Saudi Basic Industries Corp.</name>
        <lei>213800ZCTFZZZJSK8645</lei>
        <title>Saudi Basic Industries Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jarir Marketing Co.</name>
        <lei>N/A</lei>
        <title>Jarir Marketing Co.</title>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>China Development Financial Holding Corp.</name>
        <lei>N/A</lei>
        <title>China Development Financial Holding Corp.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TECO Electric &amp; Machinery Co., Ltd.</name>
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        <title>TECO Electric &amp; Machinery Co., Ltd.</title>
        <cusip>N/A</cusip>
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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>Fomento Economico Mexicano, S.A.B. de C.V.</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>Fomento Economico Mexicano, S.A.B. de C.V., Series CPO</title>
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        <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>Far EasTone Telecommunications Co., Ltd.</name>
        <lei>529900L7W7BWDLVZL253</lei>
        <title>Far EasTone Telecommunications Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0004904008"/>
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        <balance>2004993.00000000</balance>
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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>
      <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>13072232.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>641000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3773961.13000000</valUSD>
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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>
      <invstOrSec>
        <name>Growthpoint Properties Ltd.</name>
        <lei>37890019DD1E46632291</lei>
        <title>Growthpoint Properties Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000179420"/>
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        <balance>5161904.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.28375000"/>
        <valUSD>3593958.46000000</valUSD>
        <pctVal>0.436481145434</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="488227.77000000"/>
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      <invstOrSec>
        <name>IRPC PCL</name>
        <lei>254900IKV8DJ1C05JB68</lei>
        <title>IRPC PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0471010R11"/>
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        <balance>48196200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3330932.92000000</valUSD>
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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>
      <invstOrSec>
        <name>Tripod Technology Corp.</name>
        <lei>N/A</lei>
        <title>Tripod Technology Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003044004"/>
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        <balance>976000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
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        <pctVal>0.443405332092</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>PT Indofood Sukses Makmur Tbk</name>
        <lei>529900E61EV2GTYWZ485</lei>
        <title>PT Indofood Sukses Makmur Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000057003"/>
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        <balance>10707021.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14670.00000000"/>
        <valUSD>4707585.92000000</valUSD>
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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>Bangkok Dusit Medical Services PCL</name>
        <lei>N/A</lei>
        <title>Bangkok Dusit Medical Services PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0264010R10"/>
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        <balance>4647841.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3981238.72000000</valUSD>
        <pctVal>0.483515782414</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>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Kiatnakin Phatra Bank PCL, Wrts. 2026-12-31</title>
        <cusip>W12597519</cusip>
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          <other otherDesc="CADIS_ID" value="3776808"/>
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        <balance>191543.42000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
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        <pctVal>0.000000</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
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              <counterpartyName>Kiatnakin Phatra Bank PCL</counterpartyName>
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            <putOrCall>Call</putOrCall>
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              <otherRefInst>
                <issuerName>Kiatnakin Phatra Bank PCL</issuerName>
                <issueTitle>Kiatnakin Phatra Bank PCL</issueTitle>
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                  <isin value="TH0121010R12"/>
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            <shareNo>1.00000000</shareNo>
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            <unrealizedAppr>0.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>People's Insurance Co. (Group) of China Ltd. (The)</name>
        <lei>3003000P2JHYHQ524P66</lei>
        <title>People's Insurance Co. (Group) of China Ltd. (The), H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001MK7"/>
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        <balance>11104741.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
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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>Kasikornbank PCL</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>Kasikornbank PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0016010R14"/>
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        <balance>1189568.00000000</balance>
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        <pctVal>0.528850363979</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>
        <name>Emaar Properties P.J.S.C</name>
        <lei>254900YWYEXYXK1BMP81</lei>
        <title>Emaar Properties P.J.S.C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEE000301011"/>
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        <balance>2125972.00000000</balance>
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        <currencyConditional curCd="AED" exchangeRt="3.67200000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Krung Thai Bank PCL</name>
        <lei>54930007ZQMYCRFQGE36</lei>
        <title>Krung Thai Bank PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0150010R11"/>
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        <balance>8415280.00000000</balance>
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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>
        <name>Industrial Bank of Korea</name>
        <lei>988400RBIWE3YA18PK12</lei>
        <title>Industrial Bank of Korea</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7024110009"/>
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        <balance>519866.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Charoen Pokphand Foods PCL</name>
        <lei>529900FJ3AI2GKGIWK15</lei>
        <title>Charoen Pokphand Foods PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0101010R14"/>
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        <balance>8317725.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>4944719.75000000</valUSD>
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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>
        <name>Taiwan High Speed Rail Corp.</name>
        <lei>N/A</lei>
        <title>Taiwan High Speed Rail Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002633005"/>
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        <balance>5847000.00000000</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>LG Corp.</name>
        <lei>N/A</lei>
        <title>LG Corp.</title>
        <cusip>Y52755108</cusip>
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          <isin value="KR7003550001"/>
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        <balance>53194.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>China Everbright Bank Co. Ltd.</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>China Everbright Bank Co. Ltd., H Shares</title>
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        <identifiers>
          <isin value="CNE100001QW3"/>
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        <balance>12888229.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yanbu National Petrochemical Co.</name>
        <lei>N/A</lei>
        <title>Yanbu National Petrochemical Co.</title>
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        <identifiers>
          <isin value="SA000A0HNF36"/>
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        <balance>319904.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
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        <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>
        <name>IHH Healthcare Bhd.</name>
        <lei>N/A</lei>
        <title>IHH Healthcare Bhd.</title>
        <cusip>N/A</cusip>
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          <isin value="MYL5225OO007"/>
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        <balance>3704847.00000000</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>N/A</name>
        <lei>N/A</lei>
        <title>Kiatnakin Phatra Bank PCL, Wrts. 2024-12-31</title>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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                <issueTitle>Kiatnakin Phatra Bank PCL</issueTitle>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>6940117.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14670.00000000"/>
        <valUSD>4281394.60000000</valUSD>
        <pctVal>0.519969287309</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>Powertech Technology Inc.</name>
        <lei>254900O6KNZXH2RI9Q14</lei>
        <title>Powertech Technology Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006239007"/>
        </identifiers>
        <balance>1328000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3965533.06000000</valUSD>
        <pctVal>0.481608352336</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>Chicony Electronics Co., Ltd.</name>
        <lei>254900JBP5GB5B1IHS51</lei>
        <title>Chicony Electronics Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002385002"/>
        </identifiers>
        <balance>1343000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4237488.82000000</valUSD>
        <pctVal>0.514636992749</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>Yuhan Corp.</name>
        <lei>N/A</lei>
        <title>Yuhan Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000100008"/>
        </identifiers>
        <balance>112443.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>4839148.83000000</valUSD>
        <pctVal>0.587707745583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMMB Holdings Bhd.</name>
        <lei>254900R0GQB7U67SCH62</lei>
        <title>AMMB Holdings Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1015OO006"/>
        </identifiers>
        <balance>4401500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>3562249.75000000</valUSD>
        <pctVal>0.432630167685</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>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>804513.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.03900000"/>
        <valUSD>3232947.91000000</valUSD>
        <pctVal>0.392636927385</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>Wistron Corp.</name>
        <lei>254900DIEONKUALBFM06</lei>
        <title>Wistron Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003231007"/>
        </identifiers>
        <balance>3749000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>5670602.59000000</valUSD>
        <pctVal>0.688686622656</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>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>13062597.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
        <valUSD>5042060.27000000</valUSD>
        <pctVal>0.612351051491</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>X5 Retail Group N.V.</name>
        <lei>213800J17UJJJDGUVF56</lei>
        <title>X5 Retail Group N.V., GDR</title>
        <cusip>98387E205</cusip>
        <identifiers>
          <isin value="US98387E2054"/>
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        <balance>51546.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>422363.34000000</valUSD>
        <pctVal>0.051295427168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>5329000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4151567.05000000</valUSD>
        <pctVal>0.504201915937</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>ADNOC Drilling Co. PJSC </name>
        <lei>254900JPRSQL1PM0JV19</lei>
        <title>ADNOC Drilling Co. PJSC </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEA007301012"/>
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        <balance>3736940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67200000"/>
        <valUSD>4365869.44000000</valUSD>
        <pctVal>0.530228636529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Cooperative Financial Holding Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Taiwan Cooperative Financial Holding Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0005880009"/>
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        <balance>5169080.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4497776.37000000</valUSD>
        <pctVal>0.546248545645</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>Sime Darby Bhd.</name>
        <lei>2549004CE1XFEGY1IW40</lei>
        <title>Sime Darby Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL4197OO009"/>
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        <balance>7934800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>3860221.05000000</valUSD>
        <pctVal>0.468818358444</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>Krungthai Card PCL</name>
        <lei>N/A</lei>
        <title>Krungthai Card PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0689010R18"/>
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        <balance>3113107.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>4809031.24000000</valUSD>
        <pctVal>0.584050007095</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>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>2005095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4493812.98000000</valUSD>
        <pctVal>0.545767197564</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>Invesco Private Government Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Government Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CADIS_ID" value="2442116"/>
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        <balance>4569601.49000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4569601.49000000</valUSD>
        <pctVal>0.554971604355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="4569601.49000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kuala Lumpur Kepong Bhd.</name>
        <lei>2549009JSTRFMR7A8D34</lei>
        <title>Kuala Lumpur Kepong Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL2445OO004"/>
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        <balance>707100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>3408283.82000000</valUSD>
        <pctVal>0.413931224380</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>Samsung Securities Co., Ltd.</name>
        <lei>988400RBTJTHNUOHE716</lei>
        <title>Samsung Securities Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7016360000"/>
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        <balance>135494.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3426831.96000000</valUSD>
        <pctVal>0.416183869613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hitejinro Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Hitejinro Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000080002"/>
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        <balance>189384.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3148381.65000000</valUSD>
        <pctVal>0.382366475336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>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>10718891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14670.00000000"/>
        <valUSD>3726403.82000000</valUSD>
        <pctVal>0.452566446108</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>True Corp. PCL</name>
        <lei>N/A</lei>
        <title>True Corp. PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="THB231010R11"/>
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        <balance>14857036.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
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        <pctVal>0.420080793788</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>RHB Bank Bhd.</name>
        <lei>549300ZHRPSV7QIUJT80</lei>
        <title>RHB Bank Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1066OO009"/>
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        <balance>4440400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>5455305.91000000</valUSD>
        <pctVal>0.662539146958</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>Hong Leong Bank Bhd.</name>
        <lei>549300BUPYUQGB5BFX94</lei>
        <title>Hong Leong Bank Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5819OO007"/>
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        <balance>1507200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>6805292.68000000</valUSD>
        <pctVal>0.826493120898</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>KT&amp;G Corp.</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7033780008"/>
        </identifiers>
        <balance>88230.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>5656107.29000000</valUSD>
        <pctVal>0.686926189079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pepkor Holdings Ltd.</name>
        <lei>3789006D677C34F69875</lei>
        <title>Pepkor Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000259479"/>
        </identifiers>
        <balance>3206395.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.28375000"/>
        <valUSD>2972497.18000000</valUSD>
        <pctVal>0.361005556510</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>PTT PCL</name>
        <lei>549300QOGMPTKB6W7G56</lei>
        <title>PTT PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0646010R18"/>
        </identifiers>
        <balance>5285412.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>4798236.24000000</valUSD>
        <pctVal>0.582738969693</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>Samsung Biologics Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Samsung Biologics Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7207940008"/>
        </identifiers>
        <balance>6466.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3773121.64000000</valUSD>
        <pctVal>0.458240258929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arca Continental, S.A.B. de C.V.</name>
        <lei>254900U2BSJCQHJCXN24</lei>
        <title>Arca Continental, S.A.B. de C.V.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01AC100006"/>
        </identifiers>
        <balance>411516.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.03900000"/>
        <valUSD>3903231.20000000</valUSD>
        <pctVal>0.474041880014</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>National Bank of Kuwait K.S.C.</name>
        <lei>549300NB7FE83IH6BW96</lei>
        <title>National Bank of Kuwait K.S.C.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KW0EQ0100010"/>
        </identifiers>
        <balance>1742661.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt="0.30635000"/>
        <valUSD>5705529.56000000</valUSD>
        <pctVal>0.692928453507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telekom Malaysia Bhd.</name>
        <lei>254900SNFPTSDGGVEK77</lei>
        <title>Telekom Malaysia Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL4863OO006"/>
        </identifiers>
        <balance>2948900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>3279126.56000000</valUSD>
        <pctVal>0.398245258776</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>CTBC Financial Holding Co., Ltd.</name>
        <lei>549300IWDYIFW6JXM387</lei>
        <title>CTBC Financial Holding Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002891009"/>
        </identifiers>
        <balance>4760053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3499298.94000000</valUSD>
        <pctVal>0.424984881307</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>Lite-On Technology Corp.</name>
        <lei>2549005GU1PQ73SZBT32</lei>
        <title>Lite-On Technology Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002301009"/>
        </identifiers>
        <balance>1414000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3380629.42000000</valUSD>
        <pctVal>0.410572636816</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>Mobile TeleSystems PJSC</name>
        <lei>2534008FX8EXH1FMJA74</lei>
        <title>Mobile TeleSystems PJSC, ADR</title>
        <cusip>607409109</cusip>
        <identifiers>
          <isin value="US6074091090"/>
        </identifiers>
        <balance>206291.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</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>5933789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
        <valUSD>3824885.97000000</valUSD>
        <pctVal>0.464526963214</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>279872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.28375000"/>
        <valUSD>3412727.83000000</valUSD>
        <pctVal>0.414470943076</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="3365351.17000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thai Union Group PCL</name>
        <lei>25490047VDGNFMEYZW95</lei>
        <title>Thai Union Group PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0450010R15"/>
        </identifiers>
        <balance>8732048.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3528875.10000000</valUSD>
        <pctVal>0.428576863891</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>Ambev S.A.</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>Ambev S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRABEVACNOR1"/>
        </identifiers>
        <balance>1297500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.00285000"/>
        <valUSD>3672426.72000000</valUSD>
        <pctVal>0.446011004053</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>MultiChoice Group Ltd.</name>
        <lei>254900BVQQ7DFBMSVJ81</lei>
        <title>MultiChoice Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000265971"/>
        </identifiers>
        <balance>490438.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.28375000"/>
        <valUSD>3071046.51000000</valUSD>
        <pctVal>0.372974232531</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>SinoPac Financial Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SinoPac Financial Holdings Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002890001"/>
        </identifiers>
        <balance>6569475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3568682.85000000</valUSD>
        <pctVal>0.433411458534</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>Formosa Plastics Corp.</name>
        <lei>254900KM6G17UTG1QN82</lei>
        <title>Formosa Plastics Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001301000"/>
        </identifiers>
        <balance>1374000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4196750.43000000</valUSD>
        <pctVal>0.509689373201</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 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"/>
        </identifiers>
        <balance>9792093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
        <valUSD>3592558.87000000</valUSD>
        <pctVal>0.436311167218</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>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>1758950.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3375719.28000000</valUSD>
        <pctVal>0.409976307294</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>Qatar Fuel Co. Q.P.S.C. (WOQOD)</name>
        <lei>N/A</lei>
        <title>Qatar Fuel Co. Q.P.S.C. (WOQOD)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="QA0001200771"/>
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        <balance>1006475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64000000"/>
        <valUSD>4573378.16000000</valUSD>
        <pctVal>0.555430275557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chang Hwa Commercial Bank, Ltd.</name>
        <lei>549300FHFNGCSKDTHT42</lei>
        <title>Chang Hwa Commercial Bank, Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002801008"/>
        </identifiers>
        <balance>10341009.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>5987475.33000000</valUSD>
        <pctVal>0.727170366431</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>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"/>
        </identifiers>
        <balance>3951271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4376377.25000000</valUSD>
        <pctVal>0.531504795114</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>Kangwon Land, Inc.</name>
        <lei>N/A</lei>
        <title>Kangwon Land, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035250000"/>
        </identifiers>
        <balance>251867.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3556699.27000000</valUSD>
        <pctVal>0.431956069780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Retail Corp. PCL</name>
        <lei>N/A</lei>
        <title>Central Retail Corp. PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH9597010R14"/>
        </identifiers>
        <balance>3116208.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>4083763.32000000</valUSD>
        <pctVal>0.495967249325</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>Samsung Fire &amp; Marine Insurance Co., Ltd.</name>
        <lei>988400JMBDK47EW0Z936</lei>
        <title>Samsung Fire &amp; Marine Insurance Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000810002"/>
        </identifiers>
        <balance>21940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3688359.23000000</valUSD>
        <pctVal>0.447945984741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TISCO Financial Group PCL</name>
        <lei>529900OOUQI3OWX2WU06</lei>
        <title>TISCO Financial Group PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0999010R11"/>
        </identifiers>
        <balance>2269908.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>5999244.37000000</valUSD>
        <pctVal>0.728599699607</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>Nan Ya Plastics Corp.</name>
        <lei>254900L66RP14M9UOM28</lei>
        <title>Nan Ya Plastics Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001303006"/>
        </identifiers>
        <balance>1376930.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3493552.57000000</valUSD>
        <pctVal>0.424286992841</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>Pou Chen Corp.</name>
        <lei>25490027LIXQ7W4PBH18</lei>
        <title>Pou Chen Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0009904003"/>
        </identifiers>
        <balance>2949000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3045645.28000000</valUSD>
        <pctVal>0.369889289260</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>Asset World Corp PCL</name>
        <lei>N/A</lei>
        <title>Asset World Corp PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH9436010R15"/>
        </identifiers>
        <balance>21487313.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3335024.79000000</valUSD>
        <pctVal>0.405034019339</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>Clicks Group Ltd.</name>
        <lei>378900E967958A677472</lei>
        <title>Clicks Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000134854"/>
        </identifiers>
        <balance>236217.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.28375000"/>
        <valUSD>3453900.47000000</valUSD>
        <pctVal>0.419471301669</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="505587.59000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global Power Synergy Public Co., Ltd.</name>
        <lei>2549009TMPQXKDVDN395</lei>
        <title>Global Power Synergy Public Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6488010R19"/>
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        <balance>1792865.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3360227.25000000</valUSD>
        <pctVal>0.408094822275</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>Invesco Private Prime Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Prime Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CADIS_ID" value="2487474"/>
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        <balance>11750403.84000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11750403.84000000</valUSD>
        <pctVal>1.427069840813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="11750403.84000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIM S.A.</name>
        <lei>N/A</lei>
        <title>TIM S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRTIMSACNOR5"/>
        </identifiers>
        <balance>1489100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.00285000"/>
        <valUSD>4167104.75000000</valUSD>
        <pctVal>0.506088947512</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>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>540000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4751402.78000000</valUSD>
        <pctVal>0.577051112559</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>Taiwan Business Bank</name>
        <lei>254900930YMK9AXL9O17</lei>
        <title>Taiwan Business Bank</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002834009"/>
        </identifiers>
        <balance>7865746.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3569233.36000000</valUSD>
        <pctVal>0.433478317191</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>Bidvest Group Ltd. (The)</name>
        <lei>5299002ARE4TRMIRGM72</lei>
        <title>Bidvest Group Ltd. (The)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000117321"/>
        </identifiers>
        <balance>252285.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.28375000"/>
        <valUSD>3457168.62000000</valUSD>
        <pctVal>0.419868213840</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>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>2066610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.00285000"/>
        <valUSD>3585591.17000000</valUSD>
        <pctVal>0.435464949959</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>Saudi Telecom Co.</name>
        <lei>21380028ATJ79OTA9W17</lei>
        <title>Saudi Telecom Co.</title>
        <cusip>M8T596104</cusip>
        <identifiers>
          <isin value="SA0007879543"/>
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        <balance>485941.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>5830203.70000000</valUSD>
        <pctVal>0.708069950561</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>Inventec Corp.</name>
        <lei>391200XSJU5WEVAXB086</lei>
        <title>Inventec Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002356003"/>
        </identifiers>
        <balance>4777000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>5143326.01000000</valUSD>
        <pctVal>0.624649631645</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>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>785251.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
        <valUSD>3501163.71000000</valUSD>
        <pctVal>0.425211354973</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>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>4891937.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3970198.52000000</valUSD>
        <pctVal>0.482174965820</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>CP All PCL</name>
        <lei>894500LSBZLM09TY1A91</lei>
        <title>CP All PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0737010R15"/>
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        <balance>2354784.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>4465107.67000000</valUSD>
        <pctVal>0.542280978475</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>Banco Santander Chile</name>
        <lei>3YJP8HORPAEXJ80D6368</lei>
        <title>Banco Santander Chile</title>
        <cusip>P1506A107</cusip>
        <identifiers>
          <isin value="CLP1506A1070"/>
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        <balance>78328262.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="802.22500000"/>
        <valUSD>3768856.51000000</valUSD>
        <pctVal>0.457722264954</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>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>13632084.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
        <valUSD>3594748.20000000</valUSD>
        <pctVal>0.436577058234</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>Siam Cement Public Co. Ltd. (The)</name>
        <lei>529900SEH9QK8ZZDCQ89</lei>
        <title>Siam Cement Public Co. Ltd. (The)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0003010R12"/>
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        <balance>587294.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>5400404.60000000</valUSD>
        <pctVal>0.655871460912</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>Neoenergia S.A.</name>
        <lei>959800B3RXPMGEZ1W429</lei>
        <title>Neoenergia S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRNEOEACNOR3"/>
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        <balance>1138500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.00285000"/>
        <valUSD>3515960.90000000</valUSD>
        <pctVal>0.427008452661</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>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>5599598.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
        <valUSD>3659401.74000000</valUSD>
        <pctVal>0.444429138749</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 Expressway and Metro PCL</name>
        <lei>529900A653WRN6DJXS19</lei>
        <title>Bangkok Expressway and Metro PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6999010R15"/>
        </identifiers>
        <balance>17564277.00000000</balance>
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        <valUSD>4552129.77000000</valUSD>
        <pctVal>0.552849688801</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>Siam Makro PCL</name>
        <lei>N/A</lei>
        <title>Siam Makro PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0429010R19"/>
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        <balance>2970359.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3283726.55000000</valUSD>
        <pctVal>0.398803921021</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>King Yuan Electronics Co., Ltd.</name>
        <lei>N/A</lei>
        <title>King Yuan Electronics Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002449006"/>
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        <balance>2193000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3352720.18000000</valUSD>
        <pctVal>0.407183099297</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>Samsung SDS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Samsung SDS Co., Ltd.</title>
        <cusip>Y7T72C103</cusip>
        <identifiers>
          <isin value="KR7018260000"/>
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        <balance>34694.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3040650.18000000</valUSD>
        <pctVal>0.369282641467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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"/>
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        <balance>6433490.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84990000"/>
        <valUSD>4302707.36000000</valUSD>
        <pctVal>0.522557691710</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>Dr. Reddy's Laboratories Ltd.</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>Dr. Reddy's Laboratories Ltd., ADR</title>
        <cusip>256135203</cusip>
        <identifiers>
          <isin value="US2561352038"/>
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        <balance>64951.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3926937.46000000</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1375166.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Motor Co.</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>Hyundai Motor Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005380001"/>
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        <balance>25589.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3776021.74000000</valUSD>
        <pctVal>0.458592471951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Home Product Center PCL</name>
        <lei>N/A</lei>
        <title>Home Product Center PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0661010R17"/>
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        <balance>10419595.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
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        <pctVal>0.518814846917</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>PETRONAS Chemicals Group Bhd</name>
        <lei>N/A</lei>
        <title>PETRONAS Chemicals Group Bhd</title>
        <cusip>Y6811G103</cusip>
        <identifiers>
          <isin value="MYL5183OO008"/>
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        <balance>2329000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>3696742.52000000</valUSD>
        <pctVal>0.448964123393</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>
      <invstOrSec>
        <name>Banco de Chile</name>
        <lei>8B4EZFY8IHJC44TT2K84</lei>
        <title>Banco de Chile</title>
        <cusip>P0939W108</cusip>
        <identifiers>
          <isin value="CLP0939W1081"/>
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        <balance>39335290.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="802.22500000"/>
        <valUSD>4214364.02000000</valUSD>
        <pctVal>0.511828518665</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>
      <invstOrSec>
        <name>Electricity Generating PCL</name>
        <lei>5299009MZ255FT79SF55</lei>
        <title>Electricity Generating PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0465010R13"/>
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        <balance>1172254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>5372509.00000000</valUSD>
        <pctVal>0.652483579951</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>Radiant Opto-Electronics Corp.</name>
        <lei>N/A</lei>
        <title>Radiant Opto-Electronics Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006176001"/>
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        <balance>1095000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4024884.12000000</valUSD>
        <pctVal>0.488816454194</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>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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        <balance>5571992.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14670.00000000"/>
        <valUSD>3579824.44000000</valUSD>
        <pctVal>0.434764588799</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>Intouch Holdings PCL</name>
        <lei>529900UDPDZWDBCCDO79</lei>
        <title>Intouch Holdings PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0201010R12"/>
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        <balance>2568434.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>5641190.42000000</valUSD>
        <pctVal>0.685114556425</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>America Movil, S.A.B. de C.V.</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil, S.A.B. de C.V., Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01AM050019"/>
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        <balance>3281784.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.03900000"/>
        <valUSD>3527567.59000000</valUSD>
        <pctVal>0.428418068660</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="2616894.52000000"/>
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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>1988372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>3967382.76000000</valUSD>
        <pctVal>0.481832995771</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>
      <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>428580.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75070000"/>
        <valUSD>4113600.13000000</valUSD>
        <pctVal>0.499590887481</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>
        <name>Samsung Life Insurance Co., Ltd.</name>
        <lei>988400VYE6E0WYSM4S92</lei>
        <title>Samsung Life Insurance Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7032830002"/>
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        <balance>74376.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
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        <pctVal>0.447458593379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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 Oil and Retail Business Public Co., Ltd.</name>
        <lei>254900E86F1OANU6B371</lei>
        <title>PTT Oil and Retail Business Public Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="THA099010R13"/>
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        <balance>7559306.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
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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>
      <invstOrSec>
        <name>PT Telkom Indonesia (Persero) Tbk</name>
        <lei>529900M5SQZAOKV1PC81</lei>
        <title>PT Telkom Indonesia (Persero) Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000129000"/>
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        <balance>13748949.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="14670.00000000"/>
        <valUSD>3983165.18000000</valUSD>
        <pctVal>0.483749748243</pctVal>
        <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>
        <name>Emirates NBD Bank PJSC</name>
        <lei>54930029BCN8HF3B1286</lei>
        <title>Emirates NBD Bank PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEE000801010"/>
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        <balance>966707.00000000</balance>
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        <currencyConditional curCd="AED" exchangeRt="3.67200000"/>
        <valUSD>3712028.51000000</valUSD>
        <pctVal>0.450820585146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Highwealth Construction Corp.</name>
        <lei>N/A</lei>
        <title>Highwealth Construction Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002542008"/>
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        <balance>2991545.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4091875.00000000</valUSD>
        <pctVal>0.496952401329</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>BB Seguridade Participacoes S.A.</name>
        <lei>N/A</lei>
        <title>BB Seguridade Participacoes S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBSEACNOR5"/>
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        <balance>497600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.00285000"/>
        <valUSD>3412586.03000000</valUSD>
        <pctVal>0.414453721668</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>Tatung Co., Ltd.</name>
        <lei>529900BJL17PBLYDPC59</lei>
        <title>Tatung Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002371002"/>
        </identifiers>
        <balance>3060000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3244889.00000000</valUSD>
        <pctVal>0.394087155789</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>NEPI Rockcastle N.V.</name>
        <lei>549300FMWM53K9ULYT15</lei>
        <title>NEPI Rockcastle N.V.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015000RT3"/>
        </identifiers>
        <balance>679100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.28375000"/>
        <valUSD>4105706.65000000</valUSD>
        <pctVal>0.498632235557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="760238.90000000"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>635300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.00285000"/>
        <valUSD>3471841.45000000</valUSD>
        <pctVal>0.421650208183</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>Cathay Financial Holding Co., Ltd.</name>
        <lei>5299009XR1QLFAMQ3X77</lei>
        <title>Cathay Financial Holding Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002882008"/>
        </identifiers>
        <balance>2421000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3342976.34000000</valUSD>
        <pctVal>0.405999723781</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>Enel Americas S.A.</name>
        <lei>549300LKH11TFCJLZK20</lei>
        <title>Enel Americas S.A.</title>
        <cusip>P37186106</cusip>
        <identifiers>
          <isin value="CLP371861061"/>
        </identifiers>
        <balance>26364497.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="802.22500000"/>
        <valUSD>3615063.94000000</valUSD>
        <pctVal>0.439044375974</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>Indorama Ventures PCL</name>
        <lei>N/A</lei>
        <title>Indorama Ventures PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH1027010R10"/>
        </identifiers>
        <balance>3310547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3296247.10000000</valUSD>
        <pctVal>0.400324524018</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>Far Eastern New Century Corp.</name>
        <lei>254900CDLU5OS06M6K24</lei>
        <title>Far Eastern New Century Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001402006"/>
        </identifiers>
        <balance>4095000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4249182.73000000</valUSD>
        <pctVal>0.516057201493</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>Osotspa PCL</name>
        <lei>N/A</lei>
        <title>Osotspa PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH8752010R16"/>
        </identifiers>
        <balance>4048892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3497834.80000000</valUSD>
        <pctVal>0.424807063586</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>Banco de Credito e Inversiones S.A.</name>
        <lei>549300E9E5Y3PKW24142</lei>
        <title>Banco de Credito e Inversiones S.A.</title>
        <cusip>P32133111</cusip>
        <identifiers>
          <isin value="CLP321331116"/>
        </identifiers>
        <balance>101466.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="802.22500000"/>
        <valUSD>3079805.67000000</valUSD>
        <pctVal>0.374038020060</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>Energy Absolute PLC</name>
        <lei>549300YNVU2DM30XBZ14</lei>
        <title>Energy Absolute PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH3545010R19"/>
        </identifiers>
        <balance>1557034.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3089217.47000000</valUSD>
        <pctVal>0.375181069789</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>PT Indofood CBP Sukses Makmur Tbk</name>
        <lei>254900YKZW9GRKZZN285</lei>
        <title>PT Indofood CBP Sukses Makmur Tbk</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000116700"/>
        </identifiers>
        <balance>5234092.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14670.00000000"/>
        <valUSD>3773041.78000000</valUSD>
        <pctVal>0.458230560045</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>Abu Dhabi National Oil Co. for Distribution PJSC</name>
        <lei>213800YI1ZIOJB3HLB11</lei>
        <title>Abu Dhabi National Oil Co. for Distribution PJSC</title>
        <cusip>M0153H103</cusip>
        <identifiers>
          <isin value="AEA006101017"/>
        </identifiers>
        <balance>3508501.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67200000"/>
        <valUSD>4194531.42000000</valUSD>
        <pctVal>0.509419877591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>2700181.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>6464448.94000000</valUSD>
        <pctVal>0.785098133252</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</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0068010R15"/>
        </identifiers>
        <balance>113736161.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>4829560.98000000</valUSD>
        <pctVal>0.586543314831</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"/>
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        <balance>496000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.00285000"/>
        <valUSD>4076780.24000000</valUSD>
        <pctVal>0.495119164187</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>OPAP S.A.</name>
        <lei>213800M4NRGFJCI34834</lei>
        <title>OPAP S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS419003009"/>
        </identifiers>
        <balance>228822.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90579700"/>
        <valUSD>3905497.72000000</valUSD>
        <pctVal>0.474317145645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</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"/>
        </identifiers>
        <balance>5414737.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4773176.31000000</valUSD>
        <pctVal>0.579695476822</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</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH1074010R12"/>
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        <balance>2642137.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3211031.13000000</valUSD>
        <pctVal>0.389975165613</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>WPG Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>WPG Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003702007"/>
        </identifiers>
        <balance>2578937.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4194416.52000000</valUSD>
        <pctVal>0.509405923149</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>Engie Brasil Energia S.A.</name>
        <lei>52990057Q0EK2Q9YBC07</lei>
        <title>Engie Brasil Energia S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BREGIEACNOR9"/>
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        <balance>547200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.00285000"/>
        <valUSD>4509640.70000000</valUSD>
        <pctVal>0.547689451656</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>Gulf Bank K.S.C.P.</name>
        <lei>254900600P224MZQZD69</lei>
        <title>Gulf Bank K.S.C.P.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KW0EQ0100028"/>
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        <balance>3691324.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt="0.30635000"/>
        <valUSD>3385872.50000000</valUSD>
        <pctVal>0.411209401428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Berli Jucker PCL</name>
        <lei>N/A</lei>
        <title>Berli Jucker PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0002010R14"/>
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        <balance>3078707.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3516203.91000000</valUSD>
        <pctVal>0.427037965880</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>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>1476222.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>6098404.29000000</valUSD>
        <pctVal>0.740642530916</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 Malaysia Bhd.</name>
        <lei>254900LABBWDEDUVRB07</lei>
        <title>Genting Malaysia Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL4715OO008"/>
        </identifiers>
        <balance>7085700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>4304953.93000000</valUSD>
        <pctVal>0.522830534443</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>Bangkok Chain Hospital PCL</name>
        <lei>N/A</lei>
        <title>Bangkok Chain Hospital PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0808010R14"/>
        </identifiers>
        <balance>6239478.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3965053.74000000</valUSD>
        <pctVal>0.481550139604</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>Samsung C&amp;T Corp.</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>Samsung C&amp;T Corp.</title>
        <cusip>Y7T71K106</cusip>
        <identifiers>
          <isin value="KR7028260008"/>
        </identifiers>
        <balance>38662.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3165985.65000000</valUSD>
        <pctVal>0.384504456109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NH Investment &amp; Securities Co., Ltd.</name>
        <lei>549300LQ6NXDW1B8NT42</lei>
        <title>NH Investment &amp; Securities Co., Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005940002"/>
        </identifiers>
        <balance>584694.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>4084645.02000000</valUSD>
        <pctVal>0.496074330537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siam Global House PCL</name>
        <lei>N/A</lei>
        <title>Siam Global House PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0991010R18"/>
        </identifiers>
        <balance>6526010.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3268021.70000000</valUSD>
        <pctVal>0.396896589316</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>CIMB Group Holdings Bhd.</name>
        <lei>549300FYDN5UD7USZW18</lei>
        <title>CIMB Group Holdings Bhd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1023OO000"/>
        </identifiers>
        <balance>3467400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.46050000"/>
        <valUSD>3933425.40000000</valUSD>
        <pctVal>0.477708922677</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>Dubai Islamic Bank PJSC </name>
        <lei>5493003E7YRAQY3JGW88</lei>
        <title>Dubai Islamic Bank PJSC </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AED000201015"/>
        </identifiers>
        <balance>2876358.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67200000"/>
        <valUSD>4355269.74000000</valUSD>
        <pctVal>0.528941318033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</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"/>
        </identifiers>
        <balance>3463974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4360601.57000000</valUSD>
        <pctVal>0.529588861207</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>Land and Houses PCL</name>
        <lei>529900O7AEACUWP7KS87</lei>
        <title>Land and Houses PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0143010R16"/>
        </identifiers>
        <balance>18342921.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>5264239.72000000</valUSD>
        <pctVal>0.639334429821</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>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>5263930.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3869718.40000000</valUSD>
        <pctVal>0.469971798099</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</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0128010R17"/>
        </identifiers>
        <balance>3480685.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3210822.97000000</valUSD>
        <pctVal>0.389949884877</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>OUTsurance Group Ltd.</name>
        <lei>N/A</lei>
        <title>OUTsurance Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000314084"/>
        </identifiers>
        <balance>1686038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.28375000"/>
        <valUSD>3209085.79000000</valUSD>
        <pctVal>0.389738906836</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>Samsung Electronics Co., Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co., Ltd.</title>
        <cusip>Y74718100</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
        </identifiers>
        <balance>81081.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1338.40000000"/>
        <valUSD>3968025.63000000</valUSD>
        <pctVal>0.481911071419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asia Cement Corp.</name>
        <lei>213800EFQXH43HMGJL59</lei>
        <title>Asia Cement Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001102002"/>
        </identifiers>
        <balance>3257000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>4656262.50000000</valUSD>
        <pctVal>0.565496460814</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>Gulf Energy Development PCL</name>
        <lei>254900L46WX9IXF5VA41</lei>
        <title>Gulf Energy Development PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH8319010R14"/>
        </identifiers>
        <balance>2748029.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>4084119.53000000</valUSD>
        <pctVal>0.496010510523</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>Bangkok Commercial Asset Management PCL</name>
        <lei>N/A</lei>
        <title>Bangkok Commercial Asset Management PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH9479010R15"/>
        </identifiers>
        <balance>8744681.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.14750000"/>
        <valUSD>3380329.14000000</valUSD>
        <pctVal>0.410536168237</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>Pegatron Corp.</name>
        <lei>529900M87JQS8TUO0L66</lei>
        <title>Pegatron Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0004938006"/>
        </identifiers>
        <balance>1634000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.74250000"/>
        <valUSD>3720582.26000000</valUSD>
        <pctVal>0.451859425923</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>2023-05-30</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>
