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        <name>Xinyi Energy Holdings Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Atlantica Sustainable Infrastructure PLC</name>
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        <title>Atlantica Sustainable Infrastructure PLC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SunPower Corp.</name>
        <lei>549300TXO070764WUH65</lei>
        <title>SunPower Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>United Renewable Energy Co., Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gigasolar Materials Corp.</name>
        <lei>N/A</lei>
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          <isin value="TW0003691002"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Neoen</name>
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        <title>Neoen</title>
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      <invstOrSec>
        <name>Daqo New Energy Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Grenergy Renovables, S.A.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Xinyi Solar Holdings Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RENOVA, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Enphase Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Canadian Solar Inc.</name>
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        <title>Canadian Solar Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>First Solar, Inc.</name>
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        <name>Energix Renewable Energies Ltd.</name>
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        <name>Invesco Private Government Fund</name>
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        <name>TSEC Corp.</name>
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        <name>West Holdings Corp.</name>
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        <name>SMA Solar Technology AG</name>
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        <name>Array Technologies, Inc.</name>
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        <title>Array Technologies, Inc.</title>
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        <name>Hanwha Galleria Corp.</name>
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        <name>Encavis AG</name>
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        <name>Invesco Private Prime Fund</name>
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        <name>Meyer Burger Technology AG</name>
        <lei>529900ULZXRB8EM0TH56</lei>
        <title>Meyer Burger Technology AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Emeren Group Ltd.</name>
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        <title>Emeren Group Ltd., ADR</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flat Glass Group Co., Ltd.</name>
        <lei>300300BEL4RMXBKEA373</lei>
        <title>Flat Glass Group Co., Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002375"/>
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        <balance>13870673.00000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GCL Technology Holdings Ltd.</name>
        <lei>529900O1QCZWP5IWVY66</lei>
        <title>GCL Technology Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3774X1088"/>
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        <balance>407838448.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82825000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Hanwha Solutions Corp.</name>
        <lei>549300M2V0ZS71BRNR68</lei>
        <title>Hanwha Solutions Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="KR7009830001"/>
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        <balance>1559780.00000000</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>
      <invstOrSec>
        <name>Enlight Renewable Energy Ltd.</name>
        <lei>984500HF6A99N758F734</lei>
        <title>Enlight Renewable Energy Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="IL0007200111"/>
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        <balance>1759888.80000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SolarEdge Technologies, Inc.</name>
        <lei>5493000K6Y58XXPDF853</lei>
        <title>SolarEdge Technologies, Inc.</title>
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          <isin value="US83417M1045"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Xinte Energy Co., Ltd.</name>
        <lei>300300HSY4IIZWSPSY09</lei>
        <title>Xinte Energy Co., Ltd., H Shares</title>
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          <isin value="CNE1000023G9"/>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Altus Power, Inc.</name>
        <lei>5493005V83PBRWNLK259</lei>
        <title>Altus Power, Inc.</title>
        <cusip>02217A102</cusip>
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          <isin value="US02217A1025"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triumph New Energy Co. Ltd.</name>
        <lei>30030007KUVQJHGMSL75</lei>
        <title>Triumph New Energy Co. Ltd., H Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003Q0"/>
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        <balance>14366034.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82825000"/>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Maxeon Solar Technologies, Ltd.</name>
        <lei>5493007JPB074ITT6Y72</lei>
        <title>Maxeon Solar Technologies, Ltd.</title>
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          <isin value="SGXZ25336314"/>
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        <balance>704598.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ReNew Energy Global PLC</name>
        <lei>254900SL77LA2KAG7R65</lei>
        <title>ReNew Energy Global PLC</title>
        <cusip>G7500M104</cusip>
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        <balance>2444841.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>JinkoSolar Holding Co., Ltd.</name>
        <lei>529900Y93WNCS05FG852</lei>
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        <balance>1240471.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51988139.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="18449131.68000000"/>
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      <invstOrSec>
        <name>Soltec Power Holdings S.A.</name>
        <lei>959800L6L2B2GGN73292</lei>
        <title>Soltec Power Holdings S.A.</title>
        <cusip>E8T49G104</cusip>
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        <currencyConditional curCd="EUR" exchangeRt="0.93799800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <loanByFundCondition isLoanByFund="Y" loanVal="361988.81000000"/>
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      <invstOrSec>
        <name>MOTECH Industries Inc.</name>
        <lei>254900INXPVZCOGO7412</lei>
        <title>MOTECH Industries Inc.</title>
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        <identifiers>
          <isin value="TW0006244007"/>
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        <balance>17497000.00000000</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>
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      <invstOrSec>
        <name>HD Hyundai Energy Solutions Co., Ltd.</name>
        <lei>N/A</lei>
        <title>HD Hyundai Energy Solutions Co., Ltd.</title>
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          <isin value="KR7322000001"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>O.Y. Nofar Energy Ltd.</name>
        <lei>894500AMGSB9R178TW69</lei>
        <title>O.Y. Nofar Energy Ltd.</title>
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          <isin value="IL0011708778"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Scatec ASA</name>
        <lei>5967007LIEEXZXIARK36</lei>
        <title>Scatec ASA</title>
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        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Sunnova Energy International Inc.</name>
        <lei>549300JK1Y1VVC3JU540</lei>
        <title>Sunnova Energy International Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Doral Group Renewable Energy Resources Ltd.</name>
        <lei>N/A</lei>
        <title>Doral Group Renewable Energy Resources Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="IL0011667685"/>
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        <balance>5165622.00000000</balance>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Hannon Armstrong Sustainable Infrastructure Capital, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Sunrun Inc.</name>
        <lei>54930007SJ77CI66U531</lei>
        <title>Sunrun Inc.</title>
        <cusip>86771W105</cusip>
        <identifiers>
          <isin value="US86771W1053"/>
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        <balance>5033428.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="88091850.80000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-06-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
