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        <valUSD>3068612.65000000</valUSD>
        <pctVal>1.199390742782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL BANK OF GREECE S.A.</name>
        <lei>5UMCZOEYKCVFAW8ZLO05</lei>
        <title>NATIONAL BANK OF GREECE COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS003003035"/>
        </identifiers>
        <balance>2416309.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>38052445.02000000</valUSD>
        <pctVal>14.87308940645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.</name>
        <lei>ELPUFM0XZRZO4LFXW404</lei>
        <title>HELLENIC TELECOMMUN ORGANIZA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS260333000"/>
        </identifiers>
        <balance>545573.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>11628497.34000000</valUSD>
        <pctVal>4.545087195045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENERGY HOLDINGS SA</name>
        <lei>549300P50MFNOHG4U221</lei>
        <title>CENERGY HOLDINGS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974303357"/>
        </identifiers>
        <balance>197552.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>5524633.63000000</valUSD>
        <pctVal>2.159345342295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Piraeus Port Authority SA</name>
        <lei>549300UNB6JCR0XZT864</lei>
        <title>PIRAEUS PORT AUTHORITY SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS470003013"/>
        </identifiers>
        <balance>53397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>2364556.06000000</valUSD>
        <pctVal>0.924204835417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIOHALCO SA</name>
        <lei>549300U0BOLVY36TGJ31</lei>
        <title>VIOHALCO SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974271034"/>
        </identifiers>
        <balance>155379.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>2679325.38000000</valUSD>
        <pctVal>1.047234833524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Piraeus Bank SA</name>
        <lei>213800OYHR1MPQ5VJL60</lei>
        <title>PIRAEUS BANK SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS831003009"/>
        </identifiers>
        <balance>2922585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>27255244.40000000</valUSD>
        <pctVal>10.65292089753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TSAKOS ENERGY NAVIGATION LIMITED</name>
        <lei>549300IFUTS62LRRCU54</lei>
        <title>TSAKOS ENERGY NAVIGATION LTD COMMON STOCK</title>
        <cusip>G9108L173</cusip>
        <identifiers>
          <isin value="BMG9108L1735"/>
        </identifiers>
        <balance>128878.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5242757.04000000</valUSD>
        <pctVal>2.049171719485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATHENS INTERNATIONAL AIRPORT S.A.</name>
        <lei>213800BC45UCMQYR4995</lei>
        <title>ATHENS INTERNATIONAL AIRPORT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS536003007"/>
        </identifiers>
        <balance>314284.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>3579787.96000000</valUSD>
        <pctVal>1.399187525460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="57505.49"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Titan SA</name>
        <lei>213800H2CDP9I374WH83</lei>
        <title>TITAN SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974338700"/>
        </identifiers>
        <balance>150785.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>8090402.00000000</valUSD>
        <pctVal>3.162195549246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital Clean Energy Carriers Corp.</name>
        <lei>254900YICSDPQCJS9616</lei>
        <title>CAPITAL CLEAN ENERGY CARRIER COMMON STOCK</title>
        <cusip>Y00408107</cusip>
        <identifiers>
          <isin value="MHY004081078"/>
        </identifiers>
        <balance>89523.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1813735.98000000</valUSD>
        <pctVal>0.708912590927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AKTOR S.A. HOLDING COMPANY TECHNICAL AND ENERGY PROJECTS</name>
        <lei>213800SNEJL2ZM642D98</lei>
        <title>AKTOR HOLDINGS TECHNICAL AND ENERGY PROJECTS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS432003028"/>
        </identifiers>
        <balance>320195.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>4079060.74000000</valUSD>
        <pctVal>1.594332113179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUMBO S.A.</name>
        <lei>549300TGIVUUMY40MZ05</lei>
        <title>JUMBO SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS282183003"/>
        </identifiers>
        <balance>360204.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>9819750.56000000</valUSD>
        <pctVal>3.838124671127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GEK TERNA S.A.</name>
        <lei>2138003TO2MTRHWVP686</lei>
        <title>GEK TERNA SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS145003000"/>
        </identifiers>
        <balance>238598.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>11436179.48000000</valUSD>
        <pctVal>4.469918287377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Optima bank S.A.</name>
        <lei>2138008NSD1X1XFUK750</lei>
        <title>OPTIMA BANK SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS533003000"/>
        </identifiers>
        <balance>748008.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>7774201.01000000</valUSD>
        <pctVal>3.038605971961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.</name>
        <lei>213800U3Y9UL7Y4QVM11</lei>
        <title>MOTOR OIL (HELLAS) SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS426003000"/>
        </identifiers>
        <balance>251151.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>11195263.23000000</valUSD>
        <pctVal>4.375754326984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURONEXT ATHENS HOLDING S.A.</name>
        <lei>549300GSRN07MNENPL97</lei>
        <title>EURONEXT ATHENS HOLDING SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS395363005"/>
        </identifiers>
        <balance>97433.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>805769.81000000</valUSD>
        <pctVal>0.314941297960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALPHA BANK S.A.</name>
        <lei>213800DBQIB6VBNU5C64</lei>
        <title>ALPHA BANK SA COMMON STOCK</title>
        <cusip>X0085P163</cusip>
        <identifiers>
          <isin value="GRS830003000"/>
        </identifiers>
        <balance>4191681.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>16717946.93000000</valUSD>
        <pctVal>6.534337524214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HELLENiQ ENERGY Holdings Societe Anonyme</name>
        <lei>213800YUBJMZYR1SNG35</lei>
        <title>HELLENiQ ENERGY Holdings S.A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS298343005"/>
        </identifiers>
        <balance>443476.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>5116350.48000000</valUSD>
        <pctVal>1.999764747937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allwyn AG</name>
        <lei>213800M4NRGFJCI34834</lei>
        <title>ALLWYN AG COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS419003009"/>
        </identifiers>
        <balance>583835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>8286884.74000000</valUSD>
        <pctVal>3.238992332141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Athens Water Supply and Sewerage Company SA</name>
        <lei>213800SA1M6NZ4YSQU91</lei>
        <title>ATHENS WATER SUPPLY &amp; SEWAGE COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS359353000"/>
        </identifiers>
        <balance>304350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>3670136.54000000</valUSD>
        <pctVal>1.434500959521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eurobank S.A.</name>
        <lei>213800KGF4EFNUQKAT69</lei>
        <title>EUROBANK SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS829003003"/>
        </identifiers>
        <balance>6821880.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>29448806.31000000</valUSD>
        <pctVal>11.51029136056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bally's Intralot S.A.</name>
        <lei>213800XNTZ8P8L74HM35</lei>
        <title>BALLYS INTRALOT SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS343313003"/>
        </identifiers>
        <balance>3174513.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>4148375.89000000</valUSD>
        <pctVal>1.621424470126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1282319.78"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NEW YORK</name>
        <lei>N/A</lei>
        <title>Spot FX Contract: USD/EUR SETTLE 2026-05-04</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Spot FX" value="CCTUSD__00103638"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-480.35000000</valUSD>
        <pctVal>-0.00018774847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>FF GROUP Common Stock</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS294003009"/>
        </identifiers>
        <balance>452712.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>5.31000000</valUSD>
        <pctVal>0.000002075454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEGEAN AIRLINES S.A.</name>
        <lei>213800VI8OH5EJM18L21</lei>
        <title>AEGEAN AIRLINES COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS495003006"/>
        </identifiers>
        <balance>218320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>2855513.33000000</valUSD>
        <pctVal>1.116099242403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAMDA Development - Anonymi Etaireia Symmetochon kai Axiopoiisis Akiniton</name>
        <lei>213800C7PQZVF38FYL54</lei>
        <title>LAMDA DEVELOPMENT SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS245213004"/>
        </identifiers>
        <balance>366191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85248000"/>
        <valUSD>2598835.81000000</valUSD>
        <pctVal>1.015774868987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNYREPOS</name>
        <lei>N/A</lei>
        <title>BNYREPOS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="BNYREPOS"/>
        </identifiers>
        <balance>5634301</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5634301</valUSD>
        <pctVal>2.202209673303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="MMYX0N4ZEZ13Z4XCG897" name="The Bank of New York Mellon"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>3.65</repurchaseRt>
          <maturityDt>N/A</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>5634301</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>5634301</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="5634301" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>GLOBAL X FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Joe Costello</ncom:signature>
      <ncom:signerName>Joe Costello</ncom:signerName>
      <ncom:title>CCO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
