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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Autohome Inc</name>
        <lei>529900NYB6ZGZN3MVT56</lei>
        <title>AUTOHOME INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>05278C107</cusip>
        <identifiers>
          <isin value="US05278C1071"/>
        </identifiers>
        <balance>2974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>101621.58000000</valUSD>
        <pctVal>0.009032575388</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>ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED</name>
        <lei>529900GE9653COPX1I86</lei>
        <title>ALIBABA HEALTH INFORMATION T COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG0171K1018"/>
        </identifiers>
        <balance>3990000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>3679919.44000000</valUSD>
        <pctVal>0.327087511963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JD.COM, INC.</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.COM INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>47215P106</cusip>
        <identifiers>
          <isin value="US47215P1066"/>
        </identifiers>
        <balance>914664.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76932389.04000000</valUSD>
        <pctVal>6.838090923135</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>Locaweb Servicos de Internet SA</name>
        <lei>N/A</lei>
        <title>LOCAWEB SERVICOS DE INTERNET COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLWSAACNOR8"/>
        </identifiers>
        <balance>422900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.64865000"/>
        <valUSD>988998.96000000</valUSD>
        <pctVal>0.087906600792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo de Moda SOMA S.A.</name>
        <lei>N/A</lei>
        <title>GRUPO DE MODA SOMA SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSOMAACNOR3"/>
        </identifiers>
        <balance>482600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.64865000"/>
        <valUSD>1120924.82000000</valUSD>
        <pctVal>0.099632754588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QIWI PLC</name>
        <lei>253400VWDGA1977ZTQ68</lei>
        <title>QIWI PLC-SPONSORED ADR DEPOSITARY RECEIPT</title>
        <cusip>74735M108</cusip>
        <identifiers>
          <isin value="US74735M1080"/>
        </identifiers>
        <balance>44016.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>376776.96000000</valUSD>
        <pctVal>0.033489602264</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>Just Dial Ltd</name>
        <lei>N/A</lei>
        <title>JUST DIAL LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE599M01018"/>
        </identifiers>
        <balance>13926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.15250000"/>
        <valUSD>121114.18000000</valUSD>
        <pctVal>0.010765163869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qutoutiao Inc</name>
        <lei>N/A</lei>
        <title>QUTOUTIAO INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>74915J107</cusip>
        <identifiers>
          <isin value="US74915J1079"/>
        </identifiers>
        <balance>164954.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98972.40000000</valUSD>
        <pctVal>0.008797104555</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>NHN Corporation</name>
        <lei>N/A</lei>
        <title>NHN CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7181710005"/>
        </identifiers>
        <balance>8327.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>633690.38000000</valUSD>
        <pctVal>0.056325203072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALIBABA GROUP HOLDING LIMITED</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>ALIBABA GROUP HOLDING-SP ADR DEPOSITARY RECEIPT</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <isin value="US01609W1027"/>
        </identifiers>
        <balance>647486.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>82573889.58000000</valUSD>
        <pctVal>7.339532437130</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>51JOB, INC.</name>
        <lei>52990088ZF32Q8YHCJ53</lei>
        <title>51JOB INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>316827104</cusip>
        <identifiers>
          <isin value="US3168271043"/>
        </identifiers>
        <balance>49892.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2878768.40000000</valUSD>
        <pctVal>0.255877664940</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>CVC BRASIL OPERADORA E AGENCIA DE VIAGENS S.A.</name>
        <lei>N/A</lei>
        <title>CVC BRASIL OPERADORA E AGENC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCVCBACNOR1"/>
        </identifiers>
        <balance>219775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.64865000"/>
        <valUSD>527196.99000000</valUSD>
        <pctVal>0.046859599669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <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>NAVER Corporation</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>NAVER CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035420009"/>
        </identifiers>
        <balance>122385.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>39253038.98000000</valUSD>
        <pctVal>3.488983676499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RELIANCE INDUSTRIES LIMITED</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>RELIANCE INDUSTRIES LTD COMMON STOCK</title>
        <cusip>Y72596102</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
        </identifiers>
        <balance>2232878.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.15250000"/>
        <valUSD>71467545.87000000</valUSD>
        <pctVal>6.352351497343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mail.ru Group Limited</name>
        <lei>2138009IXUP41SPL5B50</lei>
        <title>MAIL.RU GROUP-GDR REGS DEPOSITARY RECEIPT</title>
        <cusip>560317208</cusip>
        <identifiers>
          <isin value="US5603172082"/>
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        <balance>144171.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2419189.38000000</valUSD>
        <pctVal>0.215028249442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FUTU HOLDINGS LIMITED</name>
        <lei>213800X4W4ZRESFPTQ37</lei>
        <title>FUTU HOLDINGS LTD-ADR DEPOSITARY RECEIPT</title>
        <cusip>36118L106</cusip>
        <identifiers>
          <isin value="US36118L1061"/>
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        <balance>47323.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2247369.27000000</valUSD>
        <pctVal>0.199756118299</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>
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      <invstOrSec>
        <name>MultiChoice Group Limited</name>
        <lei>254900BVQQ7DFBMSVJ81</lei>
        <title>MULTICHOICE GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000265971"/>
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        <balance>332698.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.02375000"/>
        <valUSD>2554032.67000000</valUSD>
        <pctVal>0.227013717317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allegro.eu SA</name>
        <lei>222100VRLXV3FPMG4982</lei>
        <title>ALLEGRO.EU SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU2237380790"/>
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        <balance>380595.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.13630000"/>
        <valUSD>3622107.24000000</valUSD>
        <pctVal>0.321948907989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zhihu Inc</name>
        <lei>N/A</lei>
        <title>ZHIHU INC - ADR DEPOSITARY RECEIPT</title>
        <cusip>98955N108</cusip>
        <identifiers>
          <isin value="US98955N1081"/>
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        <balance>493321.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3606176.51000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>TONGCHENG-ELONG HOLDINGS LIMITED</name>
        <lei>2549004WGGNOPL8NUL61</lei>
        <title>TONGCHENG-ELONG HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8918W1069"/>
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        <balance>1065600.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
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        <pctVal>0.196335008454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maoyan Entertainment</name>
        <lei>254900DBFLAM1EAPV891</lei>
        <title>MAOYAN ENTERTAINMENT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5804A1076"/>
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        <balance>501200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>564471.61000000</valUSD>
        <pctVal>0.050172732718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXON Co., Ltd.</name>
        <lei>5299005SFO0GAJFLKN43</lei>
        <title>NEXON CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3758190007"/>
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        <balance>455300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.54500000"/>
        <valUSD>9038233.30000000</valUSD>
        <pctVal>0.803358141624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>XP Inc.</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>XP INC - CLASS A COMMON STOCK</title>
        <cusip>G98239109</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
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        <balance>326959.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9377184.12000000</valUSD>
        <pctVal>0.833485589303</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>INFO EDGE (INDIA) LIMITED</name>
        <lei>335800MXUVHTBF9DEC78</lei>
        <title>INFO EDGE INDIA LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE663F01024"/>
        </identifiers>
        <balance>67911.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.15250000"/>
        <valUSD>5245690.44000000</valUSD>
        <pctVal>0.466260162084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LIMITED</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
        </identifiers>
        <balance>1554792.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>91622009.76000000</valUSD>
        <pctVal>8.143769368368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PChome online Inc.</name>
        <lei>N/A</lei>
        <title>PCHOME ONLINE INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0008044009"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80450000"/>
        <valUSD>487331.19000000</valUSD>
        <pctVal>0.043316151083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZhongAn Online P &amp; C Insurance Co., Ltd.</name>
        <lei>5299006845ISFI2WAI41</lei>
        <title>ZHONGAN ONLINE P&amp;C INSURAN-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002QY7"/>
        </identifiers>
        <balance>861500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>2939499.86000000</valUSD>
        <pctVal>0.261275745652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRIP.COM GROUP LIMITED</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>TRIP.COM GROUP LTD-ADR DEPOSITARY RECEIPT</title>
        <cusip>89677Q107</cusip>
        <identifiers>
          <isin value="US89677Q1076"/>
        </identifiers>
        <balance>351835.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9675462.50000000</valUSD>
        <pctVal>0.859997890667</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>MEITU, INC.</name>
        <lei>529900P2POH56W116T02</lei>
        <title>MEITU INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5966D1051"/>
        </identifiers>
        <balance>2112000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>441588.79000000</valUSD>
        <pctVal>0.039250364304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Com2uSCorporation</name>
        <lei>N/A</lei>
        <title>COM2US CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7078340007"/>
        </identifiers>
        <balance>7612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>994513.34000000</valUSD>
        <pctVal>0.088396743270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Webzen Inc.</name>
        <lei>N/A</lei>
        <title>WEBZEN INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7069080000"/>
        </identifiers>
        <balance>14043.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>287858.45000000</valUSD>
        <pctVal>0.025586131909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGSOFT CLOUD HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>KINGSOFT CLOUD HOLDINGS-ADR DEPOSITARY RECEIPT</title>
        <cusip>49639K101</cusip>
        <identifiers>
          <isin value="US49639K1016"/>
        </identifiers>
        <balance>189253.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3270291.84000000</valUSD>
        <pctVal>0.290677999554</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>Arco Platform Ltd</name>
        <lei>N/A</lei>
        <title>ARCO PLATFORM LTD - CLASS A COMMON STOCK</title>
        <cusip>G04553106</cusip>
        <identifiers>
          <isin value="KYG045531061"/>
        </identifiers>
        <balance>25681.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>480748.32000000</valUSD>
        <pctVal>0.042731036489</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>Momo Com Inc</name>
        <lei>N/A</lei>
        <title>MOMO.COM INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0008454000"/>
        </identifiers>
        <balance>58900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.80450000"/>
        <valUSD>3770684.60000000</valUSD>
        <pctVal>0.335155120736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yalla Group Ltd</name>
        <lei>N/A</lei>
        <title>YALLA GROUP LTD DEPOSITARY RECEIPT</title>
        <cusip>98459U103</cusip>
        <identifiers>
          <isin value="US98459U1034"/>
        </identifiers>
        <balance>115608.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>827753.28000000</valUSD>
        <pctVal>0.073574371746</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>JOYY INC.</name>
        <lei>549300N6CHVU5CQZPW24</lei>
        <title>JOYY INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>46591M109</cusip>
        <identifiers>
          <isin value="US46591M1099"/>
        </identifiers>
        <balance>34154.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1748684.80000000</valUSD>
        <pctVal>0.155430837486</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>FinVolution Group</name>
        <lei>3003000RAVUT809U6P08</lei>
        <title>FINVOLUTION GROUP-ADR DEPOSITARY RECEIPT</title>
        <cusip>31810T101</cusip>
        <identifiers>
          <isin value="US31810T1016"/>
        </identifiers>
        <balance>77656.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>455840.72000000</valUSD>
        <pctVal>0.040517138863</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>CRAZY SPORTS GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>CRAZY SPORTS GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG249551091"/>
        </identifiers>
        <balance>3394000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>145845.55000000</valUSD>
        <pctVal>0.012963397394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delivery Hero SE</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>DELIVERY HERO SE COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A2E4K43"/>
        </identifiers>
        <balance>150901.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88842000"/>
        <valUSD>19991724.30000000</valUSD>
        <pctVal>1.776952856651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IndiaMART InterMESH Ltd</name>
        <lei>N/A</lei>
        <title>INDIAMART INTERMESH LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE933S01016"/>
        </identifiers>
        <balance>13420.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.15250000"/>
        <valUSD>1332116.14000000</valUSD>
        <pctVal>0.118404372971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MakeMyTrip Limited</name>
        <lei>529900DNT8HNJ7RYUO60</lei>
        <title>MAKEMYTRIP LTD COMMON STOCK</title>
        <cusip>V5633W109</cusip>
        <identifiers>
          <isin value="MU0295S00016"/>
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        <balance>47639.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1160009.65000000</valUSD>
        <pctVal>0.103106787107</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>Douyu International Holdings Ltd</name>
        <lei>549300M2ADOHTIMACT54</lei>
        <title>DOUYU INTERNATIONAL HOLD-ADR DEPOSITARY RECEIPT</title>
        <cusip>25985W105</cusip>
        <identifiers>
          <isin value="US25985W1053"/>
        </identifiers>
        <balance>287750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>799945.00000000</valUSD>
        <pctVal>0.071102648855</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>
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      </invstOrSec>
      <invstOrSec>
        <name>PAGSEGURO DIGITAL LTD.</name>
        <lei>N/A</lei>
        <title>PAGSEGURO DIGITAL LTD-CL A COMMON STOCK</title>
        <cusip>G68707101</cusip>
        <identifiers>
          <isin value="KYG687071012"/>
        </identifiers>
        <balance>198843.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5082427.08000000</valUSD>
        <pctVal>0.451748592717</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>Agora Inc</name>
        <lei>5493001S8SBPD13GC964</lei>
        <title>AGORA INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>00851L103</cusip>
        <identifiers>
          <isin value="US00851L1035"/>
        </identifiers>
        <balance>53601.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1120260.90000000</valUSD>
        <pctVal>0.099573742443</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>Cafe24 Corp.</name>
        <lei>N/A</lei>
        <title>CAFE24 CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7042000000"/>
        </identifiers>
        <balance>13735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>278654.35000000</valUSD>
        <pctVal>0.024768030802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NCSOFT CORPORATION</name>
        <lei>N/A</lei>
        <title>NCSOFT CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7036570000"/>
        </identifiers>
        <balance>13956.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>8000703.76000000</valUSD>
        <pctVal>0.711137928285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEXINFINTECH HOLDINGS LTD.</name>
        <lei>549300F9QU71NQ28CS19</lei>
        <title>LEXINFINTECH HOLDINGS L-ADR DEPOSITARY RECEIPT</title>
        <cusip>528877103</cusip>
        <identifiers>
          <isin value="US5288771034"/>
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        <balance>60574.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>254410.80000000</valUSD>
        <pctVal>0.022613156876</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>MODETOURNETWORKINC.</name>
        <lei>N/A</lei>
        <title>MODETOUR NETWORK INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7080160005"/>
        </identifiers>
        <balance>13389.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>217533.21000000</valUSD>
        <pctVal>0.019335313609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Netmarble Corporation</name>
        <lei>N/A</lei>
        <title>NETMARBLE CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7251270005"/>
        </identifiers>
        <balance>16482.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>1623363.92000000</valUSD>
        <pctVal>0.144291763518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jumia Technologies AG</name>
        <lei>391200JWCL5VCOSXNT56</lei>
        <title>JUMIA TECHNOLOGIES AG-ADR DEPOSITARY RECEIPT</title>
        <cusip>48138M105</cusip>
        <identifiers>
          <isin value="US48138M1053"/>
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        <balance>78314.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>926454.62000000</valUSD>
        <pctVal>0.082347383290</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>
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      </invstOrSec>
      <invstOrSec>
        <name>SEA LIMITED</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>SEA LTD-ADR DEPOSITARY RECEIPT</title>
        <cusip>81141R100</cusip>
        <identifiers>
          <isin value="US81141R1005"/>
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        <balance>179536.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51718935.52000000</valUSD>
        <pctVal>4.597007683586</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>
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      </invstOrSec>
      <invstOrSec>
        <name>NetDragon Websoft Holdings Ltd</name>
        <lei>549300OAYL2PBUPUBR89</lei>
        <title>NETDRAGON WEBSOFT HOLDINGS L COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG6427W1042"/>
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        <balance>216000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>492631.34000000</valUSD>
        <pctVal>0.043787251852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Despegar.com Corp</name>
        <lei>N/A</lei>
        <title>DESPEGAR.COM CORP COMMON STOCK</title>
        <cusip>G27358103</cusip>
        <identifiers>
          <isin value="VGG273581030"/>
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        <balance>58997.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>510324.05000000</valUSD>
        <pctVal>0.045359858152</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Alibaba Pictures Group Limited</name>
        <lei>213800DWTSI7ACSGHN32</lei>
        <title>ALIBABA PICTURES GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG0171W1055"/>
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        <balance>12620000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>1295048.01000000</valUSD>
        <pctVal>0.115109593666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kakao Games Corp.</name>
        <lei>N/A</lei>
        <title>KAKAO GAMES CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7293490009"/>
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        <balance>32222.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>2674542.64000000</valUSD>
        <pctVal>0.237725176331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TENCENT MUSIC ENTERTAINMENT GROUP</name>
        <lei>213800XTZK2GOHQTYK41</lei>
        <title>TENCENT MUSIC ENTERTAINM-ADR DEPOSITARY RECEIPT</title>
        <cusip>88034P109</cusip>
        <identifiers>
          <isin value="US88034P1093"/>
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        <balance>520319.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3741093.61000000</valUSD>
        <pctVal>0.332524942697</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Tuya Inc</name>
        <lei>N/A</lei>
        <title>TUYA INC DEPOSITARY RECEIPT</title>
        <cusip>90114C107</cusip>
        <identifiers>
          <isin value="US90114C1071"/>
        </identifiers>
        <balance>403509.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2352457.47000000</valUSD>
        <pctVal>0.209096822201</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>
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      </invstOrSec>
      <invstOrSec>
        <name>MERCADOLIBRE, INC.</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MERCADOLIBRE INC COMMON STOCK</title>
        <cusip>58733R102</cusip>
        <identifiers>
          <isin value="US58733R1023"/>
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        <balance>38578.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45846480.98000000</valUSD>
        <pctVal>4.075037956822</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>
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      <invstOrSec>
        <name>VNET Group, Inc.</name>
        <lei>529900672GYJQ3T38I58</lei>
        <title>VNET Group Incorporation DEPOSITARY RECEIPT</title>
        <cusip>90138A103</cusip>
        <identifiers>
          <isin value="US90138A1034"/>
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        <balance>43479.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>422615.88000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>HengTen Networks Group Limited</name>
        <lei>N/A</lei>
        <title>HENGTEN NETWORKS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG4404N1149"/>
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        <balance>7200799.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>3048113.64000000</valUSD>
        <pctVal>0.270929818694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICANAS S.A.</name>
        <lei>N/A</lei>
        <title>AMERICANAS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRAMERACNOR6"/>
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        <balance>417131.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.64865000"/>
        <valUSD>2237538.05000000</valUSD>
        <pctVal>0.198882275993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hello Group Inc.</name>
        <lei>549300YMGLID32W48529</lei>
        <title>HELLO GROUP INC -SPN ADR DEPOSITARY RECEIPT</title>
        <cusip>423403104</cusip>
        <identifiers>
          <isin value="US4234031049"/>
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        <balance>138497.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1602410.29000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Kakao Corp.</name>
        <lei>988400FTKUBQXKVZP434</lei>
        <title>KAKAO CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035720002"/>
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        <balance>262648.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CJ ENM CO., Ltd.</name>
        <lei>9884005N1TS61ILH6840</lei>
        <title>CJ ENM CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035760008"/>
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        <balance>10449.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <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>INFRACOMMERCE CXAAS SA</name>
        <lei>N/A</lei>
        <title>INFRACOMMERCE CXAAS SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRIFCMACNOR8"/>
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        <balance>183200.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.64865000"/>
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        <pctVal>0.042347546429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>XD INC.</name>
        <lei>655600SO97YJOKFJGL95</lei>
        <title>XD INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9830N1097"/>
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        <balance>117600.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KINGSOFT CORPORATION LIMITED</name>
        <lei>529900UVT35D3Q7YQY41</lei>
        <title>KINGSOFT CORP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5264Y1089"/>
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        <balance>833000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>3611588.22000000</valUSD>
        <pctVal>0.321013930978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>One 97 Communications Ltd</name>
        <lei>335800ZRHU5J6GSTMI23</lei>
        <title>ONE 97 COMMUNICATIONS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE982J01020"/>
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        <balance>639291.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.15250000"/>
        <valUSD>14457788.94000000</valUSD>
        <pctVal>1.285072211495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED</name>
        <lei>529900SWRZN94C5SZO63</lei>
        <title>KINGDEE INTERNATIONAL SFTWR COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG525681477"/>
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        <balance>2730000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>8281906.40000000</valUSD>
        <pctVal>0.736132462371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DANAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>DANAL CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7064260003"/>
        </identifiers>
        <balance>52356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>641282.77000000</valUSD>
        <pctVal>0.057000048268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UP Fintech Holding Ltd</name>
        <lei>213800JJDNMAG3L84P54</lei>
        <title>UP FINTECH HOLDING LTD - ADR DEPOSITARY RECEIPT</title>
        <cusip>91531W106</cusip>
        <identifiers>
          <isin value="US91531W1062"/>
        </identifiers>
        <balance>128985.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>779069.40000000</valUSD>
        <pctVal>0.069247133218</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>KGINICIS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>KGINICIS CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035600006"/>
        </identifiers>
        <balance>15038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>203814.97000000</valUSD>
        <pctVal>0.018115975777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>360 DigiTech Inc</name>
        <lei>N/A</lei>
        <title>360 DIGITECH INC DEPOSITARY RECEIPT</title>
        <cusip>88557W101</cusip>
        <identifiers>
          <isin value="US88557W1018"/>
        </identifiers>
        <balance>53382.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1242732.96000000</valUSD>
        <pctVal>0.110459600692</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>Yandex N.V.</name>
        <lei>549300GGZHJ5Q1B18P93</lei>
        <title>YANDEX NV-A COMMON STOCK</title>
        <cusip>N97284108</cusip>
        <identifiers>
          <isin value="NL0009805522"/>
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        <balance>309093.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22236150.42000000</valUSD>
        <pctVal>1.976447374764</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>MAGAZINE LUIZA S.A.</name>
        <lei>N/A</lei>
        <title>MAGAZINE LUIZA SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRMGLUACNOR2"/>
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        <balance>2795100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.64865000"/>
        <valUSD>3844799.55000000</valUSD>
        <pctVal>0.341742785219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Youdao Inc</name>
        <lei>N/A</lei>
        <title>YOUDAO INC - ADR DEPOSITARY RECEIPT</title>
        <cusip>98741T104</cusip>
        <identifiers>
          <isin value="US98741T1043"/>
        </identifiers>
        <balance>13245.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>210065.70000000</valUSD>
        <pctVal>0.018671568299</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>JD Health International Inc</name>
        <lei>254900OM3MAXYK8PCC84</lei>
        <title>JD HEALTH INTERNATIONAL INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5074A1004"/>
        </identifiers>
        <balance>476300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>4154569.42000000</valUSD>
        <pctVal>0.369276501028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEITUAN</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>MEITUAN-CLASS B COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
        </identifiers>
        <balance>2368200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>72298928.28000000</valUSD>
        <pctVal>6.426248442211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fawry for Banking Technology and Electronic Payment SAE</name>
        <lei>N/A</lei>
        <title>FAWRY FOR BANKING &amp; PAYMENT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGS745L1C014"/>
        </identifiers>
        <balance>1436755.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.74950000"/>
        <valUSD>1185018.41000000</valUSD>
        <pctVal>0.105329676281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AfreecaTV Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AFREECATV CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7067160002"/>
        </identifiers>
        <balance>7357.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>1264048.91000000</valUSD>
        <pctVal>0.112354256584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prosus N.V.</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>PROSUS NV COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
        </identifiers>
        <balance>709349.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88842000"/>
        <valUSD>56625279.80000000</valUSD>
        <pctVal>5.033105258424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIPSHOP HOLDINGS LIMITED</name>
        <lei>549300I9F52K06HPZX60</lei>
        <title>VIPSHOP HOLDINGS LTD - ADR DEPOSITARY RECEIPT</title>
        <cusip>92763W103</cusip>
        <identifiers>
          <isin value="US92763W1036"/>
        </identifiers>
        <balance>394693.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3856150.61000000</valUSD>
        <pctVal>0.342751717625</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>China Literature Ltd</name>
        <lei>529900YXWIZUFHMK8W28</lei>
        <title>CHINA LITERATURE LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2121R1039"/>
        </identifiers>
        <balance>343600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>2410887.84000000</valUSD>
        <pctVal>0.214290371859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Affle (India) Ltd</name>
        <lei>335800VOXUF6XMCWSD89</lei>
        <title>AFFLE INDIA LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE00WC01027"/>
        </identifiers>
        <balance>52716.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.15250000"/>
        <valUSD>805900.17000000</valUSD>
        <pctVal>0.071631970697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHOENIX TREE HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>PHOENIX TREE HOLDINGS LTD DEPOSITARY RECEIPT</title>
        <cusip>719156101</cusip>
        <identifiers>
          <isin value="US7191561015"/>
        </identifiers>
        <balance>179833.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Route Mobile Ltd</name>
        <lei>254900ACRLX7ASC1F147</lei>
        <title>ROUTE MOBILE LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE450U01017"/>
        </identifiers>
        <balance>18864.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.15250000"/>
        <valUSD>455406.74000000</valUSD>
        <pctVal>0.040478564802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Youzan Limited</name>
        <lei>254900SU8V2QDTPJ9R43</lei>
        <title>CHINA YOUZAN LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2164J1099"/>
        </identifiers>
        <balance>13872000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>1245585.79000000</valUSD>
        <pctVal>0.110713172837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NASPERS LIMITED</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>NASPERS LTD-N SHS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000015889"/>
        </identifiers>
        <balance>126892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.02375000"/>
        <valUSD>19466790.86000000</valUSD>
        <pctVal>1.730294451315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CD Projekt SA</name>
        <lei>259400TYO5Q8SH8TL437</lei>
        <title>CD PROJEKT SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLOPTTC00011"/>
        </identifiers>
        <balance>67691.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.13630000"/>
        <valUSD>2990887.31000000</valUSD>
        <pctVal>0.265843289436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUFAX HOLDING LTD</name>
        <lei>N/A</lei>
        <title>LUFAX HOLDING LTD-ADR DEPOSITARY RECEIPT</title>
        <cusip>54975P102</cusip>
        <identifiers>
          <isin value="US54975P1021"/>
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        <balance>2320065.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14802014.70000000</valUSD>
        <pctVal>1.315668519166</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>OneConnect Financial Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>ONECONNECT FINANCIAL TECHNO DEPOSITARY RECEIPT</title>
        <cusip>68248T105</cusip>
        <identifiers>
          <isin value="US68248T1051"/>
        </identifiers>
        <balance>346983.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>888276.48000000</valUSD>
        <pctVal>0.078953941388</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>Ke Holdings Inc</name>
        <lei>254900RHVY072XPAZE03</lei>
        <title>KE HOLDINGS INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>482497104</cusip>
        <identifiers>
          <isin value="US4824971042"/>
        </identifiers>
        <balance>728158.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14570441.58000000</valUSD>
        <pctVal>1.295085276273</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>Ozon Holdings PLC</name>
        <lei>213800GXSI7E5V776B13</lei>
        <title>OZON HOLDINGS PLC - ADR DEPOSITARY RECEIPT</title>
        <cusip>69269L104</cusip>
        <identifiers>
          <isin value="US69269L1044"/>
        </identifiers>
        <balance>156777.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6316545.33000000</valUSD>
        <pctVal>0.561442479892</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>So-Young International Inc</name>
        <lei>N/A</lei>
        <title>SO-YOUNG INTERNATIONAL-ADR DEPOSITARY RECEIPT</title>
        <cusip>83356Q108</cusip>
        <identifiers>
          <isin value="US83356Q1085"/>
        </identifiers>
        <balance>76755.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>278620.65000000</valUSD>
        <pctVal>0.024765035397</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>IQIYI, INC.</name>
        <lei>222100XL8T2Q5B8MS302</lei>
        <title>IQIYI INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>46267X108</cusip>
        <identifiers>
          <isin value="US46267X1081"/>
        </identifiers>
        <balance>196745.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1227688.80000000</valUSD>
        <pctVal>0.109122409228</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>SOHU.COM LIMITED</name>
        <lei>N/A</lei>
        <title>SOHU.COM LTD-ADR DEPOSITARY RECEIPT</title>
        <cusip>83410S108</cusip>
        <identifiers>
          <isin value="US83410S1087"/>
        </identifiers>
        <balance>18248.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>307843.76000000</valUSD>
        <pctVal>0.027362514634</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>Yeahka Ltd</name>
        <lei>2549007U7YP15ZP1KO72</lei>
        <title>YEAHKA LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9835C1087"/>
        </identifiers>
        <balance>158800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>573410.21000000</valUSD>
        <pctVal>0.050967235011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCS GROUP HOLDING PLC</name>
        <lei>549300XQRN9MR54V1W18</lei>
        <title>TCS GROUP HOLDING-GDR REG S DEPOSITARY RECEIPT</title>
        <cusip>87238U203</cusip>
        <identifiers>
          <isin value="US87238U2033"/>
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        <balance>108045.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10344228.30000000</valUSD>
        <pctVal>0.919440752168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUPANG, INC.</name>
        <lei>549300XR4L1D80AK4W76</lei>
        <title>COUPANG INC COMMON STOCK</title>
        <cusip>22266T109</cusip>
        <identifiers>
          <isin value="US22266T1097"/>
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        <balance>620482.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16442773.00000000</valUSD>
        <pctVal>1.461506372095</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>NETEASE, INC.</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NETEASE INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>64110W102</cusip>
        <identifiers>
          <isin value="US64110W1027"/>
        </identifiers>
        <balance>384365.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41407641.45000000</valUSD>
        <pctVal>3.680494271411</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>17 Education &amp; Technology Group Inc</name>
        <lei>N/A</lei>
        <title>17 EDUCATION &amp; TECHNOLOGY GR DEPOSITARY RECEIPT</title>
        <cusip>81807M205</cusip>
        <identifiers>
          <isin value="US81807M2052"/>
        </identifiers>
        <balance>36645.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70724.85000000</valUSD>
        <pctVal>0.006286337404</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>
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      </invstOrSec>
      <invstOrSec>
        <name>PearlAbyss Corp.</name>
        <lei>N/A</lei>
        <title>PEARL ABYSS CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7263750002"/>
        </identifiers>
        <balance>27236.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1187.90000000"/>
        <valUSD>3019598.62000000</valUSD>
        <pctVal>0.268395277627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dada Nexus Ltd</name>
        <lei>655600D3KK4AC093RT71</lei>
        <title>DADA NEXUS LTD-ADR DEPOSITARY RECEIPT</title>
        <cusip>23344D108</cusip>
        <identifiers>
          <isin value="US23344D1081"/>
        </identifiers>
        <balance>199525.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3605416.75000000</valUSD>
        <pctVal>0.320465383435</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Joint Stock Company Kaspi.kz</name>
        <lei>2549003YU6FARG8OAZ13</lei>
        <title>JSC KASPI.KZ GDR-REG S DEPOSITARY RECEIPT</title>
        <cusip>48581R205</cusip>
        <identifiers>
          <isin value="US48581R2058"/>
        </identifiers>
        <balance>27413.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3536277.00000000</valUSD>
        <pctVal>0.314319936728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PINDUODUO INC.</name>
        <lei>5493000573DS7005T657</lei>
        <title>PINDUODUO INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>722304102</cusip>
        <identifiers>
          <isin value="US7223041028"/>
        </identifiers>
        <balance>801419.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53294363.50000000</valUSD>
        <pctVal>4.737038688791</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>HeadHunter Group PLC</name>
        <lei>549300IMUCFEWXP6RU11</lei>
        <title>HEADHUNTER GROUP PLC-ADR DEPOSITARY RECEIPT</title>
        <cusip>42207L106</cusip>
        <identifiers>
          <isin value="US42207L1061"/>
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        <balance>23324.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1281653.80000000</valUSD>
        <pctVal>0.113919057054</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>Uxin Ltd</name>
        <lei>N/A</lei>
        <title>UXIN LTD - ADR DEPOSITARY RECEIPT</title>
        <cusip>91818X108</cusip>
        <identifiers>
          <isin value="US91818X1081"/>
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        <balance>265178.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>586043.38000000</valUSD>
        <pctVal>0.052090127023</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>
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      </invstOrSec>
      <invstOrSec>
        <name>KUAISHOU TECHNOLOGY</name>
        <lei>300300FCDZBE6UP9ED24</lei>
        <title>KUAISHOU TECHNOLOGY COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG532631028"/>
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        <balance>764600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>8331711.10000000</valUSD>
        <pctVal>0.740559324337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nazara Technologies Ltd</name>
        <lei>894500B0646LKDKI2B52</lei>
        <title>NAZARA TECHNOLOGIES LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE418L01021"/>
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        <balance>19907.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.15250000"/>
        <valUSD>593746.59000000</valUSD>
        <pctVal>0.052774822391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEIBO CORPORATION</name>
        <lei>549300Q9ID4640FE0422</lei>
        <title>WEIBO CORP-SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>948596101</cusip>
        <identifiers>
          <isin value="US9485961018"/>
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        <balance>28493.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1134306.33000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>StoneCo Ltd.</name>
        <lei>549300O1A9LEF0XZCR35</lei>
        <title>STONECO LTD-A COMMON STOCK</title>
        <cusip>G85158106</cusip>
        <identifiers>
          <isin value="KYG851581069"/>
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        <balance>204990.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3197844.00000000</valUSD>
        <pctVal>0.284238515180</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>
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      </invstOrSec>
      <invstOrSec>
        <name>PING AN HEALTHCARE AND TECHNOLOGY COMPANY LIMITED</name>
        <lei>2549009NW1LO017CP285</lei>
        <title>PING AN HEALTHCARE AND TECHN COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG711391022"/>
        </identifiers>
        <balance>470700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
        <valUSD>1775121.38000000</valUSD>
        <pctVal>0.157780637615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEIMOB INC.</name>
        <lei>254900SW0TNGAGYUTV05</lei>
        <title>WEIMOB INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9T20A1060"/>
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        <balance>1567000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79585000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DiDi Global Inc</name>
        <lei>N/A</lei>
        <title>DIDI GLOBAL INC DEPOSITARY RECEIPT</title>
        <cusip>23292E108</cusip>
        <identifiers>
          <isin value="US23292E1082"/>
        </identifiers>
        <balance>4171953.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31832001.39000000</valUSD>
        <pctVal>2.829369040613</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>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>EXCHANGE TRADED CONCEPTS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Dennis Lowenfels</ncom:signature>
      <ncom:signerName>Dennis Lowenfels</ncom:signerName>
      <ncom:title>CCO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
