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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing-Shanghai High Speed Railway Co Ltd</name>
        <lei>N/A</lei>
        <title>BEIJING-SHANGHAI HIGH SPE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003RV9"/>
        </identifiers>
        <balance>2553500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1704088.83000000</valUSD>
        <pctVal>1.089292103640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD COMPANY LIMITED</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001526"/>
        </identifiers>
        <balance>334000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>3921596.94000000</valUSD>
        <pctVal>2.506773417677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cambricon Technologies Corp Ltd</name>
        <lei>N/A</lei>
        <title>CAMBRICON TECHNOLOGIES-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000041R8"/>
        </identifiers>
        <balance>34151.77000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>8027527.49000000</valUSD>
        <pctVal>5.131377046006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China CSSC Holdings Limited</name>
        <lei>N/A</lei>
        <title>CHINA CSSC HOLDINGS LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000W05"/>
        </identifiers>
        <balance>392800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1955319.98000000</valUSD>
        <pctVal>1.249884734181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Merchants Bank Co., Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001B33"/>
        </identifiers>
        <balance>743967.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>3890811.51000000</valUSD>
        <pctVal>2.487094674870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS SHEKOU INDUSTRIAL ZONE HOLDINGS CO., LTD.</name>
        <lei>300300T3ACALX7NIPW13</lei>
        <title>CHINA MERCHANTS SHEKOU IND-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FC6"/>
        </identifiers>
        <balance>333100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>315532.26000000</valUSD>
        <pctVal>0.201695353675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China National Nuclear Power Co., Ltd</name>
        <lei>3003003YPVL5EMT5LZ97</lei>
        <title>CHINA NATIONAL NUCLEAR POW-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000022N7"/>
        </identifiers>
        <balance>833200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1108396.58000000</valUSD>
        <pctVal>0.708512150916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA PACIFIC INSURANCE (GROUP) CO., LTD.</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>CHINA PACIFIC INSURANCE GR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008M8"/>
        </identifiers>
        <balance>246914.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1037417.10000000</valUSD>
        <pctVal>0.663140462702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Shenhua Energy Company Limited</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>CHINA SHENHUA ENERGY CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000767"/>
        </identifiers>
        <balance>225347.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1296044.03000000</valUSD>
        <pctVal>0.828460643011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China State Construction Engineering Corporation Limited</name>
        <lei>300300CWW8WOEV3BR645</lei>
        <title>CHINA STATE CONSTRUCTION -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000F46"/>
        </identifiers>
        <balance>2156618.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1378863.01000000</valUSD>
        <pctVal>0.881400407275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China United Network Communications Limited</name>
        <lei>300300UTFDNZL9GJRR78</lei>
        <title>CHINA UNITED NETWORK-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001CS2"/>
        </identifiers>
        <balance>1783200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1050795.52000000</valUSD>
        <pctVal>0.671692251205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Yangtze Power Co., Ltd.</name>
        <lei>3003008VX8JFJXA6QP74</lei>
        <title>CHINA YANGTZE POWER CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001G87"/>
        </identifiers>
        <balance>991170.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>3865095.74000000</valUSD>
        <pctVal>2.470656573342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIC Securities Company Limited</name>
        <lei>300300E1006744000068</lei>
        <title>CITIC SECURITIES CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001DB6"/>
        </identifiers>
        <balance>440046.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1862481.08000000</valUSD>
        <pctVal>1.190540010537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMOC Group Limited</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CMOC GROUP LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001NR0"/>
        </identifiers>
        <balance>1795300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>4641649.23000000</valUSD>
        <pctVal>2.967047119316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Contemporary Amperex Technology Co., Ltd.</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>CONTEMPORARY AMPEREX TECHN-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003662"/>
        </identifiers>
        <balance>230011.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>13317121.85000000</valUSD>
        <pctVal>8.512605340198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>East Money Information Co., Ltd.</name>
        <lei>836800ZFB0ZEK3KKW487</lei>
        <title>EAST MONEY INFORMATION CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000MD4"/>
        </identifiers>
        <balance>570092.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1711619.76000000</valUSD>
        <pctVal>1.094106044345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eoptolink Technology Inc Ltd</name>
        <lei>N/A</lei>
        <title>EOPTOLINK TECHNOLOGY INC L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002615"/>
        </identifiers>
        <balance>75740.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>6772860.93000000</valUSD>
        <pctVal>4.329365817219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foxconn Industrial Internet Co., Ltd.</name>
        <lei>N/A</lei>
        <title>FOXCONN INDUSTRIAL INTERNE-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000031P3"/>
        </identifiers>
        <balance>576500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>6127648.06000000</valUSD>
        <pctVal>3.916931164702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUOTAI HAITONG SECURITIES CO., LTD.</name>
        <lei>300300E1005431000017</lei>
        <title>GUOTAI HAITONG SECURITIES CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000022F3"/>
        </identifiers>
        <balance>509400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1365804.36000000</valUSD>
        <pctVal>0.873053022984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hygon Information Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>HYGON INFORMATION TECHNOLO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005PT2"/>
        </identifiers>
        <balance>126575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>6904938.49000000</valUSD>
        <pctVal>4.413792779384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>IND &amp; COMM BK OF CHINA-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001P37"/>
        </identifiers>
        <balance>2269126.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>2363394.35000000</valUSD>
        <pctVal>1.510735096623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL BANK CO.,LTD.</name>
        <lei>300300C1030935001303</lei>
        <title>INDUSTRIAL BANK CO LTD -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001QZ7"/>
        </identifiers>
        <balance>763322.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1862199.81000000</valUSD>
        <pctVal>1.190360216394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Hengrui Pharmaceuticals Co.,Ltd</name>
        <lei>2549003BT1XS3SE3E448</lei>
        <title>JIANGSU HENGRUI PHARMACEUT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000014W7"/>
        </identifiers>
        <balance>336287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>2578134.28000000</valUSD>
        <pctVal>1.648001714400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kweichow Moutai Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KWEICHOW MOUTAI CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
        </identifiers>
        <balance>38789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>6774303.42000000</valUSD>
        <pctVal>4.330287889437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luxshare Precision Industry Co., Ltd.</name>
        <lei>300300QLLDUELXN16530</lei>
        <title>LUXSHARE PRECISION INDUSTR-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000TP3"/>
        </identifiers>
        <balance>396850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>4115827.93000000</valUSD>
        <pctVal>2.630930257370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Midea Group Co., Ltd.</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>MIDEA GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QQ5"/>
        </identifiers>
        <balance>213700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>2377837.51000000</valUSD>
        <pctVal>1.519967491004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MUYUAN FOODS GROUP CO.,LTD.</name>
        <lei>3003006NCTDQW4KZR676</lei>
        <title>MUYUAN FOODS GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001RQ3"/>
        </identifiers>
        <balance>173025.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>891889.33000000</valUSD>
        <pctVal>0.570115822243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>N/A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="34PT1B"/>
        </identifiers>
        <balance>58208.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.01000000</valUSD>
        <pctVal>0.000000006392</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>NARI Technology Co., Ltd.</name>
        <lei>3003006IGH1W58MAQM05</lei>
        <title>NARI TECHNOLOGY CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001G38"/>
        </identifiers>
        <balance>419215.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1411176.01000000</valUSD>
        <pctVal>0.902055607359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAURA Technology Group Co., Ltd.</name>
        <lei>300300JI5I0B95GO5C39</lei>
        <title>NAURA TECHNOLOGY GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000ML7"/>
        </identifiers>
        <balance>39483.80000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>5145225.42000000</valUSD>
        <pctVal>3.288944404065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PetroChina Company Limited</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PETROCHINA CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007Q1"/>
        </identifiers>
        <balance>1018600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1302511.49000000</valUSD>
        <pctVal>0.832594789649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Bank Co., Ltd.</name>
        <lei>549300W9MKNIVWXFM679</lei>
        <title>PING AN BANK CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000040"/>
        </identifiers>
        <balance>699867.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1036190.83000000</valUSD>
        <pctVal>0.662356603196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Insurance (Group) Company of China, Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>PING AN INSURANCE GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001R84"/>
        </identifiers>
        <balance>384498.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>2704174.21000000</valUSD>
        <pctVal>1.728569286979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poly Developments and Holdings Group Co., Ltd.</name>
        <lei>300300W9OF1ZRGUDVU96</lei>
        <title>POLY DEVELOPMENTS AND HOLD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001ND1"/>
        </identifiers>
        <balance>442277.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>301670.96000000</valUSD>
        <pctVal>0.192834897360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shaanxi Coal Industry Company Limited</name>
        <lei>N/A</lei>
        <title>SHAANXI COAL INDUSTRY CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001T64"/>
        </identifiers>
        <balance>397736.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1192387.68000000</valUSD>
        <pctVal>0.762201160782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI PUDONG DEVELOPMENT BANK CO., LTD.</name>
        <lei>300300C1031031001330</lei>
        <title>SHANGHAI PUDONG DEVEL BANK-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000011B7"/>
        </identifiers>
        <balance>1202246.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1524946.68000000</valUSD>
        <pctVal>0.974780391581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Mindray Bio-Medical Electronics Co Ltd</name>
        <lei>N/A</lei>
        <title>SHENZHEN MINDRAY BIO-MEDIC-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003G67"/>
        </identifiers>
        <balance>63953.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1279719.50000000</valUSD>
        <pctVal>0.818025634394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sungrow Power Supply Co., Ltd.</name>
        <lei>30030052IWC7RGVFG505</lei>
        <title>SUNGROW POWER SUPPLY CO LT-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000018M7"/>
        </identifiers>
        <balance>108126.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>2533028.36000000</valUSD>
        <pctVal>1.619168990648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suzhou Dongshan Precision Manufacturing Co., Ltd</name>
        <lei>300300PUYVPZAJYVAE50</lei>
        <title>SUZHOU DONGSHAN PRECISION-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000N79"/>
        </identifiers>
        <balance>99800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>3857178.85000000</valUSD>
        <pctVal>2.465595918280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Victory Giant Technology (HuiZhou) Co Ltd</name>
        <lei>836800LBU3EF5U7ECE87</lei>
        <title>VICTORY GIANT TECHNOLOGY -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000020V4"/>
        </identifiers>
        <balance>47600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>2429296.99000000</valUSD>
        <pctVal>1.552861553940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wanhua Chemical Group Co., Ltd.</name>
        <lei>3003002H0G2KDG6CR124</lei>
        <title>WANHUA CHEMICAL GROUP CO -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000016J9"/>
        </identifiers>
        <balance>321899.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>3244123.54000000</valUSD>
        <pctVal>2.073717105086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuliangye Yibin Co., Ltd.</name>
        <lei>N/A</lei>
        <title>WULIANGYE YIBIN CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000VQ8"/>
        </identifiers>
        <balance>122879.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>1339576.61000000</valUSD>
        <pctVal>0.856287652267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WuXi AppTec Co., Ltd.</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WUXI APPTEC CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000031K4"/>
        </identifiers>
        <balance>130400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>2391883.32000000</valUSD>
        <pctVal>1.528945890283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG CENTURY HUATONG GROUP CO., LTD</name>
        <lei>N/A</lei>
        <title>ZHEJIANG CENTURY HUATONG -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000015R2"/>
        </identifiers>
        <balance>420500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>873460.52000000</valUSD>
        <pctVal>0.558335710279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhongji Innolight Co Ltd</name>
        <lei>655600K7YZDKAI214O83</lei>
        <title>ZHONGJI INNOLIGHT CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001CY9"/>
        </identifiers>
        <balance>60500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>11319239.84000000</valUSD>
        <pctVal>7.235513994261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zijin Mining Group Company Limited</name>
        <lei>836800JRNL2393Z2I561</lei>
        <title>ZIJIN MINING GROUP CO LTD-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000B24"/>
        </identifiers>
        <balance>2118242.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
        <valUSD>7845109.59000000</valUSD>
        <pctVal>5.014771400493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Krane Funds Advisors, LLC</ncom:nameOfApplicant>
      <ncom:signature>Jonathan Krane</ncom:signature>
      <ncom:signerName>Jonathan Krane</ncom:signerName>
      <ncom:title>CEO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
