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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>SINOTRANS LIMITED</name>
        <lei>5299005U1RZLKVFWR249</lei>
        <title>SINOTRANS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004F1"/>
        </identifiers>
        <balance>977224.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>306652.43000000</valUSD>
        <pctVal>0.178048626935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPHARM GROUP CO. LTD.</name>
        <lei>529900N54X78YH9JYK92</lei>
        <title>SINOPHARM GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FN7"/>
        </identifiers>
        <balance>118252.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>370320.00000000</valUSD>
        <pctVal>0.215015310743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KWG Group Holdings Limited</name>
        <lei>549300LK82ZOM9ZE7H90</lei>
        <title>KWG GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG532241042"/>
        </identifiers>
        <balance>274500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>240556.04000000</valUSD>
        <pctVal>0.139671720922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP</name>
        <lei>254900UOXRZRS2TNWP19</lei>
        <title>CIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSBSPACNOR5"/>
        </identifiers>
        <balance>61576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>733223.60000000</valUSD>
        <pctVal>0.425724509069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Cooperative Financial Holding Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TAIWAN COOPERATIVE FINANCIAL HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0005880009"/>
        </identifiers>
        <balance>3133970.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>2070827.41000000</valUSD>
        <pctVal>1.202364439019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Weigao Group Medical Polymer Company Limited</name>
        <lei>5299005WQUU15JQU8S60</lei>
        <title>SHANDONG WEIGAO GP MEDICAL-H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000171"/>
        </identifiers>
        <balance>770708.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>793378.77000000</valUSD>
        <pctVal>0.460651822124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="14000.74"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK hynix Inc.</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
        </identifiers>
        <balance>11093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>762316.26000000</valUSD>
        <pctVal>0.442616298144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBERBANK ROSSII PAO</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>SBERBANK OF RUSSIA PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009029540"/>
        </identifiers>
        <balance>156530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="64.88250000"/>
        <valUSD>549353.77000000</valUSD>
        <pctVal>0.318965952594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Department Store Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>HYUNDAI DEPARTMENT STORE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7069960003"/>
        </identifiers>
        <balance>13625.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>889614.60000000</valUSD>
        <pctVal>0.516528298933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAGNITOGORSKIY METALLURGICHESKIY KOMBINAT PAO</name>
        <lei>253400XSJ4C01YMCXG44</lei>
        <title>MAGNITOGORSK IRON &amp; STEEL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009084396"/>
        </identifiers>
        <balance>720951.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="64.88250000"/>
        <valUSD>435076.27000000</valUSD>
        <pctVal>0.252614115876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Traditional Chinese Medicine Holdings Co. Limited</name>
        <lei>N/A</lei>
        <title>CHINA TRADITIONAL CHINESE MEDICINE HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000056256"/>
        </identifiers>
        <balance>1449122.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>665464.09000000</valUSD>
        <pctVal>0.386381961817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RUENTEX INDUSTRIES LIMITED</name>
        <lei>N/A</lei>
        <title>RUENTEX INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002915006"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>409708.46000000</valUSD>
        <pctVal>0.237885050338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hana Financial Group Inc.</name>
        <lei>N/A</lei>
        <title>HANA FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7086790003"/>
        </identifiers>
        <balance>30975.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>912819.25000000</valUSD>
        <pctVal>0.530001389856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KoreaGasCorporation</name>
        <lei>988400TFZILHBD5M3R71</lei>
        <title>KOREA GAS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7036460004"/>
        </identifiers>
        <balance>26319.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>871322.49000000</valUSD>
        <pctVal>0.505907528476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Highwealth Construction Corp.</name>
        <lei>N/A</lei>
        <title>HIGHWEALTH CONSTRUCTION CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002542008"/>
        </identifiers>
        <balance>405000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>651404.54000000</valUSD>
        <pctVal>0.378218701630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI HEAVY INDUSTRIES HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>HYUNDAI HEAVY INDUSTRIES HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7267250009"/>
        </identifiers>
        <balance>2696.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>787737.32000000</valUSD>
        <pctVal>0.457376281713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXXARO RESOURCES LIMITED</name>
        <lei>378900BC3D9BFF4E4A37</lei>
        <title>EXXARO RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000084992"/>
        </identifiers>
        <balance>26701.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.16250000"/>
        <valUSD>229985.20000000</valUSD>
        <pctVal>0.133534076594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Display Co., Ltd.</name>
        <lei>988400P37K91W0SABO95</lei>
        <title>LG DISPLAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7034220004"/>
        </identifiers>
        <balance>27343.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>323457.30000000</valUSD>
        <pctVal>0.187805875653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUMHO PETRO CHEMICAL CO.,LTD</name>
        <lei>N/A</lei>
        <title>KUMHO PETROCHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7011780004"/>
        </identifiers>
        <balance>4135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>247515.78000000</valUSD>
        <pctVal>0.143712687272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA HONGQIAO GROUP LIMITED</name>
        <lei>3003009Q4IBFSDE24571</lei>
        <title>CHINA HONGQIAO GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG211501005"/>
        </identifiers>
        <balance>428500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>273845.57000000</valUSD>
        <pctVal>0.159000297929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China National Building Material Company Limited</name>
        <lei>52990085PGF8YEPLBZ26</lei>
        <title>CHINA NATIONAL BUILDING MATERIAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002N9"/>
        </identifiers>
        <balance>598697.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>537646.62000000</valUSD>
        <pctVal>0.312168543609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MOBIS CO.,LTD</name>
        <lei>988400HJA9E0ZVDHRS65</lei>
        <title>HYUNDAI MOBIS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7012330007"/>
        </identifiers>
        <balance>4099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>863560.59000000</valUSD>
        <pctVal>0.501400811743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOREAN AIRLINES CO.,LTD.</name>
        <lei>988400C2UFBF4B660C58</lei>
        <title>KOREAN AIR LINES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7003490000"/>
        </identifiers>
        <balance>13385.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>256252.56000000</valUSD>
        <pctVal>0.148785439126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Power International Development Limited</name>
        <lei>529900MDOW3M0UV2ST42</lei>
        <title>CHINA POWER INTERNATIONAL DEVELOPMENT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK2380027329"/>
        </identifiers>
        <balance>1959000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>407323.26000000</valUSD>
        <pctVal>0.236500154790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Electricity Generating Public Company Limited</name>
        <lei>5299009MZ255FT79SF55</lei>
        <title>ELECTRICITY GENERATING PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0465010005"/>
        </identifiers>
        <balance>144700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.58500000"/>
        <valUSD>1698456.76000000</valUSD>
        <pctVal>0.986158479250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DONGFENG MOTOR GROUP COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>DONGFENG MOTOR GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000312"/>
        </identifiers>
        <balance>880482.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>836746.55000000</valUSD>
        <pctVal>0.485832035704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHONGSHENG GROUP HOLDINGS LIMITED</name>
        <lei>3003005VYMEBAJNJ2Y26</lei>
        <title>ZHONGSHENG GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9894K1085"/>
        </identifiers>
        <balance>191854.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>605707.90000000</valUSD>
        <pctVal>0.351686304651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.</name>
        <lei>ELPUFM0XZRZO4LFXW404</lei>
        <title>HELLENIC TELECOMMUNICATIONS OR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS260333000"/>
        </identifiers>
        <balance>77250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91726000"/>
        <valUSD>1064518.24000000</valUSD>
        <pctVal>0.618080903450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOC AVIATION LIMITED</name>
        <lei>254900H06V5RMEB3KE72</lei>
        <title>BOC AVIATION LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG9999015267"/>
        </identifiers>
        <balance>110195.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>1016992.15000000</valUSD>
        <pctVal>0.590486290657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Pharmaceuticals Holding Co., Ltd.</name>
        <lei>30030029J1KKCBY19820</lei>
        <title>SHANGHAI PHARMACEUTICALS HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000012B3"/>
        </identifiers>
        <balance>466453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>844915.76000000</valUSD>
        <pctVal>0.490575244892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Li Ning Co Ltd</name>
        <lei>529900T77L2FV3FZ3U81</lei>
        <title>LI NING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5496K1242"/>
        </identifiers>
        <balance>299500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>859600.22000000</valUSD>
        <pctVal>0.499101340512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tsingtao Brewery Company Limited</name>
        <lei>5299001HPFTEVOPKOQ55</lei>
        <title>TSINGTAO BREWERY CO LTD.- H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004K1"/>
        </identifiers>
        <balance>52000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>313748.50000000</valUSD>
        <pctVal>0.182168749251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WIPRO LIMITED</name>
        <lei>335800IFS1IJHESG8362</lei>
        <title>WIPRO LTD</title>
        <cusip>97651M109</cusip>
        <identifiers>
          <isin value="US97651M1099"/>
        </identifiers>
        <balance>418443.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1527316.95000000</valUSD>
        <pctVal>0.886791230850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NK LUKOIL PAO</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009024277"/>
        </identifiers>
        <balance>8481.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>704217.43000000</valUSD>
        <pctVal>0.408882937844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charoen Pokphand Foods Public Company Limited</name>
        <lei>529900FJ3AI2GKGIWK15</lei>
        <title>CHAROEN POKPHAND FOODS PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0101A10Z01"/>
        </identifiers>
        <balance>523400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.58500000"/>
        <valUSD>449215.30000000</valUSD>
        <pctVal>0.260823523764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSCO</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005490008"/>
        </identifiers>
        <balance>4665.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>885302.85000000</valUSD>
        <pctVal>0.514024809340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Communications Construction Company Limited</name>
        <lei>529900LWYPVP93SJ2U42</lei>
        <title>CHINA COMMUNICATIONS CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002F5"/>
        </identifiers>
        <balance>1047005.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>818703.04000000</valUSD>
        <pctVal>0.475355607454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KGHM POLSKA MIEDZ SPOLKA AKCYJNA</name>
        <lei>G30CO71KTT9JDYJESN22</lei>
        <title>KGHM POLSKA MIEDZ SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLKGHM000017"/>
        </identifiers>
        <balance>31002.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.00915000"/>
        <valUSD>618624.90000000</valUSD>
        <pctVal>0.359186177109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOTTE CHEMICAL CORPORATION</name>
        <lei>988400TPNFJZDPI94Y56</lei>
        <title>LOTTE CHEMICAL CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7011170008"/>
        </identifiers>
        <balance>3897.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>768876.81000000</valUSD>
        <pctVal>0.446425486675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBMG Corporation</name>
        <lei>529900T6R2GKVJ9Y2J16</lei>
        <title>BBMG CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000F20"/>
        </identifiers>
        <balance>1886000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>541304.18000000</valUSD>
        <pctVal>0.314292197206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Realtek Semiconductor Corp.</name>
        <lei>5299002E7F36O00MYY75</lei>
        <title>REALTEK SEMICONDUCTOR CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002379005"/>
        </identifiers>
        <balance>103000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>763590.07000000</valUSD>
        <pctVal>0.443355898093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pou Chen Corporation</name>
        <lei>25490027LIXQ7W4PBH18</lei>
        <title>POU CHEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0009904003"/>
        </identifiers>
        <balance>1071000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>1372213.90000000</valUSD>
        <pctVal>0.796735250905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Aoyuan Group Limited</name>
        <lei>549300YSOKQO5QD6MP25</lei>
        <title>CHINA AOYUAN GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2119Z1090"/>
        </identifiers>
        <balance>162965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>184596.93000000</valUSD>
        <pctVal>0.107180725497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shinhan Financial Group Co., Ltd.</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>SHINHAN FINANCIAL GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7055550008"/>
        </identifiers>
        <balance>30876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>1078975.71000000</valUSD>
        <pctVal>0.626475204068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Great Wall Motor Company Limited</name>
        <lei>254900CR8AHWTMFZHH60</lei>
        <title>GREAT WALL MOTOR CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000338"/>
        </identifiers>
        <balance>814500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>545465.85000000</valUSD>
        <pctVal>0.316708547304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Automobile Group Co., Ltd</name>
        <lei>5299005KY9BJO3ZE6A37</lei>
        <title>GUANGZHOU AUTOMOBILE GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000Q35"/>
        </identifiers>
        <balance>585061.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>559731.29000000</valUSD>
        <pctVal>0.324991351405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVATEK MICROELECTRONICS CORP.</name>
        <lei>N/A</lei>
        <title>NOVATEK MICROELECTRONICS COR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003034005"/>
        </identifiers>
        <balance>71000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>407355.48000000</valUSD>
        <pctVal>0.236518862376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRUPA LOTOS SPOLKA AKCYJNA</name>
        <lei>259400A9BI23M3K1NK82</lei>
        <title>GRUPA LOTOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLLOTOS00025"/>
        </identifiers>
        <balance>34621.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.00915000"/>
        <valUSD>764759.55000000</valUSD>
        <pctVal>0.444034921925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRB Brasil Resseguros SA</name>
        <lei>21380017DVWSU9AEU878</lei>
        <title>IRB BRASIL RESSEGUROS S/A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRIRBRACNOR4"/>
        </identifiers>
        <balance>99000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>895073.70000000</valUSD>
        <pctVal>0.519697963231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPANIA CERVECERIAS UNIDAS S.A.</name>
        <lei>529900BJW9B0O6LI2R39</lei>
        <title>CIA CERVECERIAS UNIDAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP249051044"/>
        </identifiers>
        <balance>112103.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="728.20500000"/>
        <valUSD>1253891.62000000</valUSD>
        <pctVal>0.728034932796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGLOGOLD ASHANTI LTD</name>
        <lei>378900EF3BA9A5F42A59</lei>
        <title>ANGLOGOLD ASHANTI LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000043485"/>
        </identifiers>
        <balance>13039.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.16250000"/>
        <valUSD>244303.35000000</valUSD>
        <pctVal>0.141847485191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUROBANK ERGASIAS S.A.</name>
        <lei>JEUVK5RWVJEN8W0C9M24</lei>
        <title>EUROBANK ERGASIAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS323003012"/>
        </identifiers>
        <balance>576997.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91726000"/>
        <valUSD>558591.17000000</valUSD>
        <pctVal>0.324329374584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATACADAO S.A.</name>
        <lei>549300SMI26ISJIRM371</lei>
        <title>ATACADAO DISTRIBUICAO COMERCIO E INDUSTRIA LTDA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCRFBACNOR2"/>
        </identifiers>
        <balance>134347.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>678927.44000000</valUSD>
        <pctVal>0.394199056178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RELIANCE INDUSTRIES LIMITED</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>RELIANCE INDUSTRIES LTD</title>
        <cusip>759470107</cusip>
        <identifiers>
          <isin value="US7594701077"/>
        </identifiers>
        <balance>15186.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>566437.80000000</valUSD>
        <pctVal>0.328885287275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="GDR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Huarong Asset Management Co., Ltd.</name>
        <lei>300300D2000111000062</lei>
        <title>CHINA HUARONG ASSET MANAGEMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002367"/>
        </identifiers>
        <balance>4318714.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>650060.28000000</valUSD>
        <pctVal>0.377438196981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RESOURCES CEMENT HOLDINGS LIMITED</name>
        <lei>529900E0EOYXYJ0GHY66</lei>
        <title>CHINA RESOURCES CEMENT HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2113L1068"/>
        </identifiers>
        <balance>657390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>659117.46000000</valUSD>
        <pctVal>0.382696979581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YAGEO CORPORATION</name>
        <lei>5493001P0TOZH7GGNQ21</lei>
        <title>YAGEO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002327004"/>
        </identifiers>
        <balance>27467.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>218234.48000000</valUSD>
        <pctVal>0.126711369983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Multiplan Empreendimentos Imobiliarios S.A.</name>
        <lei>N/A</lei>
        <title>MULTIPLAN EMPREENDIMENTOS IMOBILIARIOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRMULTACNOR5"/>
        </identifiers>
        <balance>65996.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>457095.26000000</valUSD>
        <pctVal>0.265398788529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGBOARD HOLDINGS LIMITED</name>
        <lei>529900G89MY26MMSDR76</lei>
        <title>KINGBOARD HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG525621408"/>
        </identifiers>
        <balance>241822.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>640075.32000000</valUSD>
        <pctVal>0.371640726477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTER RAO EES PAO</name>
        <lei>253400PMFKF8Q8G1FA17</lei>
        <title>INTER RAO UES PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JPNM1"/>
        </identifiers>
        <balance>8846029.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>612094.87000000</valUSD>
        <pctVal>0.355394709110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DB INSURANCE CO.,LTD</name>
        <lei>9884000ZF26VNJBWSJ91</lei>
        <title>DB INSURANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005830005"/>
        </identifiers>
        <balance>9513.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>410375.62000000</valUSD>
        <pctVal>0.238272416979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG ELECTRONICS INC.</name>
        <lei>988400RMQFTGZIOG0609</lei>
        <title>LG ELECTRONICS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7066570003"/>
        </identifiers>
        <balance>13144.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>740630.86000000</valUSD>
        <pctVal>0.430025314617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TURK HAVA YOLLARI ANONIM ORTAKLIGI</name>
        <lei>789000EV8M3BL7ZPFB03</lei>
        <title>TURK HAVA YOLLARI AO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRATHYAO91M5"/>
        </identifiers>
        <balance>318859.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="5.64650000"/>
        <valUSD>699101.11000000</valUSD>
        <pctVal>0.405912298574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="44907.85"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO DO BRASIL S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>BANCO DO BRASIL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBASACNOR3"/>
        </identifiers>
        <balance>25314.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>276452.17000000</valUSD>
        <pctVal>0.160513742812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="non-U.S. government agency" 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>China Mobile Limited</name>
        <lei>529900U2JJ7GK68NI589</lei>
        <title>CHINA MOBILE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0941009539"/>
        </identifiers>
        <balance>79000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>653513.02000000</valUSD>
        <pctVal>0.379442927928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KB Financial Group Inc.</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7105560007"/>
        </identifiers>
        <balance>30231.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>1079182.13000000</valUSD>
        <pctVal>0.626595055711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALE S.A.</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>VALE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRVALEACNOR0"/>
        </identifiers>
        <balance>27585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>316220.23000000</valUSD>
        <pctVal>0.183603885874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOGAN PROPERTY HOLDINGS COMPANY LIMITED</name>
        <lei>549300NJ0E6Q0S1VOG90</lei>
        <title>LOGAN PROPERTY HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG555551095"/>
        </identifiers>
        <balance>190058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>270562.45000000</valUSD>
        <pctVal>0.157094051799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIM Participacoes S.A.</name>
        <lei>529900UXXIJCZN232R31</lei>
        <title>TIM PARTICIPACOES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRTIMPACNOR1"/>
        </identifiers>
        <balance>152592.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>436301.61000000</valUSD>
        <pctVal>0.253325573158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIDELITY GOVERNMENT PORTFOLIO</name>
        <lei>N/A</lei>
        <title>FIDELITY GOVERNMENT PORTFOLIO FRGXX 1.85% 8/24/2018 - Extendable</title>
        <cusip>1849969A6</cusip>
        <identifiers>
          <ticker value="FRGXX"/>
        </identifiers>
        <balance>270735.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>270735.12000000</valUSD>
        <pctVal>0.157194307507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="270735.12" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTER RAO EES PAO</name>
        <lei>253400PMFKF8Q8G1FA17</lei>
        <title>INTER RAO UES PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JPNM1"/>
        </identifiers>
        <balance>2888000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="64.88250000"/>
        <valUSD>199833.18000000</valUSD>
        <pctVal>0.116027201594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANWHA CORP</name>
        <lei>988400JE9FIHQS7TX614</lei>
        <title>HANWHA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000880005"/>
        </identifiers>
        <balance>42979.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>907260.59000000</valUSD>
        <pctVal>0.526773919000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CINDA ASSET MANAGEMENT CO., LTD.</name>
        <lei>3003008W60YAHL9CQE51</lei>
        <title>CHINA CINDA ASSET MANAGEMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QS1"/>
        </identifiers>
        <balance>3744166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>735517.47000000</valUSD>
        <pctVal>0.427056376564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUA NAN FINANCIAL HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>HUA NAN FINANCIAL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002880002"/>
        </identifiers>
        <balance>3080163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>2079950.20000000</valUSD>
        <pctVal>1.207661316117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED</name>
        <lei>529900GE9653COPX1I86</lei>
        <title>ALIBABA HEALTH INFORMATION TECHNOLOGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG0171K1018"/>
        </identifiers>
        <balance>232000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>202719.60000000</valUSD>
        <pctVal>0.117703115650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANTA SPORTS PRODUCTS LIMITED</name>
        <lei>529900291XG0CTK4LF95</lei>
        <title>ANTA SPORTS PRODUCTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG040111059"/>
        </identifiers>
        <balance>49000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>405343.52000000</valUSD>
        <pctVal>0.235350677551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CITIC BANK CORPORATION LIMITED</name>
        <lei>300300C1030211000384</lei>
        <title>CHINA CITIC BANK CORP LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001Q4"/>
        </identifiers>
        <balance>1838619.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>980359.14000000</valUSD>
        <pctVal>0.569216421277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yihai International Holding Ltd</name>
        <lei>3003004D79NRTSL70K40</lei>
        <title>YIHAI INTERNATIONAL HOLDING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG984191075"/>
        </identifiers>
        <balance>154000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>915427.20000000</valUSD>
        <pctVal>0.531515618576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLACKROCK LIQUIDITY FUNDS TEMPFUND PORTFOLIO</name>
        <lei>N/A</lei>
        <title>Blackrock Liquidity Funds Temp Fund Portfolio - TMPXX 1.58% 3/22/2018 - Extendable</title>
        <cusip>09248U619</cusip>
        <identifiers>
          <ticker value="TMPXX"/>
        </identifiers>
        <balance>238411.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>238411.19999999</valUSD>
        <pctVal>0.138426383270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="238411.19999999" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA DING YI FENG HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>CHINA DING YI FENG HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2120F1000"/>
        </identifiers>
        <balance>128000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>188585.86000000</valUSD>
        <pctVal>0.109496779244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Engineering &amp; Construction Corp</name>
        <lei>988400BQ69DJXXFA0D28</lei>
        <title>GS ENGINEERING &amp; CONSTRUCTION CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7006360002"/>
        </identifiers>
        <balance>25084.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>692030.26000000</valUSD>
        <pctVal>0.401806819501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cheil Worldwide Inc</name>
        <lei>N/A</lei>
        <title>CHEIL WORLDWIDE INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7030000004"/>
        </identifiers>
        <balance>22757.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>471825.11000000</valUSD>
        <pctVal>0.273951238505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sihuan Pharmaceutical Holdings Group Ltd</name>
        <lei>529900UD7C9N3AQO1V88</lei>
        <title>SIHUAN PHARMACEUTICAL HOLDINGS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG8162K1137"/>
        </identifiers>
        <balance>2789607.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>423454.90000000</valUSD>
        <pctVal>0.245866512501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCOLOMBIA S.A.</name>
        <lei>54930052NWJRPNMP1W58</lei>
        <title>BANCOLOMBIA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COB07PA00086"/>
        </identifiers>
        <balance>49007.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3478.45500000"/>
        <valUSD>605815.23000000</valUSD>
        <pctVal>0.351748622628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YY INC.</name>
        <lei>549300N6CHVU5CQZPW24</lei>
        <title>YY INC</title>
        <cusip>98426T106</cusip>
        <identifiers>
          <isin value="US98426T1060"/>
        </identifiers>
        <balance>2508.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>141024.84000000</valUSD>
        <pctVal>0.081881885383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAGAZINE LUIZA S.A.</name>
        <lei>N/A</lei>
        <title>MAGAZINE LUIZA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRMGLUACNOR2"/>
        </identifiers>
        <balance>23484.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>208826.85000000</valUSD>
        <pctVal>0.121249108998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DR.REDDY'S LABORATORIES LTD</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>DR REDDY'S LABORATORIES LTD</title>
        <cusip>256135203</cusip>
        <identifiers>
          <isin value="US2561352038"/>
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        <balance>50922.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1929434.58000000</valUSD>
        <pctVal>1.120268891170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOJAS RENNER S.A.</name>
        <lei>N/A</lei>
        <title>LOJAS RENNER S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLRENACNOR1"/>
        </identifiers>
        <balance>37286.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>451775.20000000</valUSD>
        <pctVal>0.262309853678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOBIL'NYE TELESISTEMY PAO</name>
        <lei>2534008FX8EXH1FMJA74</lei>
        <title>MOBILE TELESYSTEMS PJSC</title>
        <cusip>607409109</cusip>
        <identifiers>
          <isin value="US6074091090"/>
        </identifiers>
        <balance>44390.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>359559.00000000</valUSD>
        <pctVal>0.208767255659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Industrial Urban Development Group Limited</name>
        <lei>N/A</lei>
        <title>SHANGHAI INDUSTRIAL URBAN DEVELOPMENT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG8065B1037"/>
        </identifiers>
        <balance>491209.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>62032.41000000</valUSD>
        <pctVal>0.036017276712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL BANK OF GREECE S.A.</name>
        <lei>5UMCZOEYKCVFAW8ZLO05</lei>
        <title>NATIONAL BANK OF GREECE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS003003035"/>
        </identifiers>
        <balance>186086.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91726000"/>
        <valUSD>566620.37000000</valUSD>
        <pctVal>0.328991291124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Angang Steel Company Limited</name>
        <lei>213800QMMVMR3ABCKL62</lei>
        <title>ANGANG STEEL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001V4"/>
        </identifiers>
        <balance>1465835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>534771.55000000</valUSD>
        <pctVal>0.310499219594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Indah Kiat Pulp &amp; Paper Tbk</name>
        <lei>529900F19DXXA9HNCB51</lei>
        <title>INDAH KIAT PULP &amp; PAPER CORP TBK PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000062201"/>
        </identifiers>
        <balance>518670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14195.00000000"/>
        <valUSD>236589.52000000</valUSD>
        <pctVal>0.137368678876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Innolux Corporation</name>
        <lei>3003007EXL0825P1MJ10</lei>
        <title>INNOLUX CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003481008"/>
        </identifiers>
        <balance>3876461.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>824659.30000000</valUSD>
        <pctVal>0.478813932942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Railway Group Limited</name>
        <lei>529900TFRLG8UDJ7QA89</lei>
        <title>CHINA RAILWAY GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007Z2"/>
        </identifiers>
        <balance>1239872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>752837.04000000</valUSD>
        <pctVal>0.437112470552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PPB GROUP BERHAD</name>
        <lei>N/A</lei>
        <title>PPB GROUP BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL4065OO008"/>
        </identifiers>
        <balance>435051.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.18700000"/>
        <valUSD>1884840.01000000</valUSD>
        <pctVal>1.094376378408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO,.LTD</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
        </identifiers>
        <balance>24547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>1006588.10000000</valUSD>
        <pctVal>0.584445487989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANKOOK TIRE &amp; TECHNOLOGY CO.,LTD</name>
        <lei>9884001BIEVM09M7AH02</lei>
        <title>HANKOOK TIRE &amp; TECHNOLOGY CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7161390000"/>
        </identifiers>
        <balance>14670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>395525.23000000</valUSD>
        <pctVal>0.229649979032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Cement Corp.</name>
        <lei>529900C56C3PB9X9ZO58</lei>
        <title>TAIWAN CEMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001101004"/>
        </identifiers>
        <balance>866575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>1107502.10000000</valUSD>
        <pctVal>0.643038205284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Feng Tay Enterprises Co Ltd</name>
        <lei>N/A</lei>
        <title>FENG TAY ENTERPARISE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0009910000"/>
        </identifiers>
        <balance>113510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>814065.50000000</valUSD>
        <pctVal>0.472662957572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL BANK OF KOREA</name>
        <lei>988400RBIWE3YA18PK12</lei>
        <title>INDUSTRIAL BANK OF KOREA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7024110009"/>
        </identifiers>
        <balance>101585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>1121031.64000000</valUSD>
        <pctVal>0.650893730903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="non-U.S. government agency" 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>Thai Union Group Public Company Limited</name>
        <lei>25490047VDGNFMEYZW95</lei>
        <title>THAI UNION GROUP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0450010Y08"/>
        </identifiers>
        <balance>1979400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.58500000"/>
        <valUSD>1080790.58000000</valUSD>
        <pctVal>0.627528954438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANHUI CONCH CEMENT COMPANY LIMITED</name>
        <lei>529900HS6X8TTV0FHV63</lei>
        <title>ANHUI CONCH CEMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001W2"/>
        </identifiers>
        <balance>59811.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>355154.99000000</valUSD>
        <pctVal>0.206210198036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan High Speed Rail Corporation</name>
        <lei>N/A</lei>
        <title>TAIWAN HIGH SPEED RAIL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002633005"/>
        </identifiers>
        <balance>577000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>656516.62000000</valUSD>
        <pctVal>0.381186879071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSTAL SAVINGS BANK OF CHINA CO., LTD.</name>
        <lei>300300C1040311005298</lei>
        <title>POSTAL SAVINGS BANK OF CHINA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000029W3"/>
        </identifiers>
        <balance>662848.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>404165.30000000</valUSD>
        <pctVal>0.234666579097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG CHEM LTD</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG CHEM LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7051911006"/>
        </identifiers>
        <balance>2482.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>347560.92000000</valUSD>
        <pctVal>0.201800926809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E.SUN FINANCIAL HOLDING COMPANY,LTD.</name>
        <lei>549300X6CNQE512OPC90</lei>
        <title>E.SUN FINANCIAL HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002884004"/>
        </identifiers>
        <balance>2305454.60420000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>1950657.81000000</valUSD>
        <pctVal>1.132591529411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TURKIYE GARANTI BANKASI ANONIM SIRKETI</name>
        <lei>5493002XSS7K7RHN1V37</lei>
        <title>TURKIYE GARANTI BANKASI AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAGARAN91N1"/>
        </identifiers>
        <balance>187547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="5.64650000"/>
        <valUSD>339122.44000000</valUSD>
        <pctVal>0.196901373992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI STEEL COMPANY</name>
        <lei>9884006EYA94IB2C3132</lei>
        <title>HYUNDAI STEEL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7004020004"/>
        </identifiers>
        <balance>25672.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>834879.24000000</valUSD>
        <pctVal>0.484747837605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WALSIN TECHNOLOGY CORPORATION</name>
        <lei>N/A</lei>
        <title>WALSIN TECHNOLOGY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002492006"/>
        </identifiers>
        <balance>71855.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>404154.70000000</valUSD>
        <pctVal>0.234660424522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centrais Eletricas Brasileiras S.A.</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>CENTRAIS ELETRICAS BRASILEIRAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRELETACNOR6"/>
        </identifiers>
        <balance>41648.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>401442.17000000</valUSD>
        <pctVal>0.233085474530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="non-U.S. government agency" 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>Yuexiu Property Company Limited</name>
        <lei>529900GASK6R1FD08W10</lei>
        <title>YUEXIU PROPERTY COMPANY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0123000694"/>
        </identifiers>
        <balance>1556000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>337423.78000000</valUSD>
        <pctVal>0.195915097507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Business Bank</name>
        <lei>254900930YMK9AXL9O17</lei>
        <title>TAIWAN BUSINESS BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002834009"/>
        </identifiers>
        <balance>4984240.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>2048350.82000000</valUSD>
        <pctVal>1.189314074515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOSIDENG INTERNATIONAL HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>BOSIDENG INTERNATIONAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG126521064"/>
        </identifiers>
        <balance>856000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>364701.38000000</valUSD>
        <pctVal>0.211753025894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asia Cement Corporation</name>
        <lei>213800EFQXH43HMGJL59</lei>
        <title>ASIA CEMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001102002"/>
        </identifiers>
        <balance>719500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>1004185.40000000</valUSD>
        <pctVal>0.583050431587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RESOURCES LAND LIMITED</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>CHINA RESOURCES LAND LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
        </identifiers>
        <balance>176514.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>739659.27000000</valUSD>
        <pctVal>0.429461189737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING Ports Limited</name>
        <lei>5299008QX6KA3JHWK507</lei>
        <title>COSCO SHIPPING PORTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2442N1048"/>
        </identifiers>
        <balance>1079464.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>861984.93000000</valUSD>
        <pctVal>0.500485951556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENGIE BRASIL ENERGIA S.A.</name>
        <lei>52990057Q0EK2Q9YBC07</lei>
        <title>ENGIE BRASIL ENERGIA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BREGIEACNOR9"/>
        </identifiers>
        <balance>54600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>581863.45000000</valUSD>
        <pctVal>0.337841732858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUMBA IRON ORE LIMITED</name>
        <lei>N/A</lei>
        <title>KUMBA IRON ORE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000085346"/>
        </identifiers>
        <balance>8234.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.16250000"/>
        <valUSD>203356.04000000</valUSD>
        <pctVal>0.118072645636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HACI OMER SABANCI HOLDING ANONIM SIRKETI</name>
        <lei>78900090FFOWNLGP0F20</lei>
        <title>HACI OMER SABANCI HOLDING AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRASAHOL91Q5"/>
        </identifiers>
        <balance>265356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="5.64650000"/>
        <valUSD>449740.00000000</valUSD>
        <pctVal>0.261128175237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIDELITY PRIME MONEY MARKET PORTFOLIO</name>
        <lei>N/A</lei>
        <title>Fidelity Prime Money Market Portfolio - FIPXX 1.22% 10/27/2017 - Extendable</title>
        <cusip>31607A208</cusip>
        <identifiers>
          <ticker value="FIPXX"/>
        </identifiers>
        <balance>7975.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7975.16000000</valUSD>
        <pctVal>0.004630539818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="7975.16" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICONY ELECTRONICS CO., LTD.</name>
        <lei>N/A</lei>
        <title>CHICONY ELECTRONICS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002385002"/>
        </identifiers>
        <balance>229000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>674647.46000000</valUSD>
        <pctVal>0.391714012892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JBS S.A.</name>
        <lei>N/A</lei>
        <title>JBS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRJBSSACNOR8"/>
        </identifiers>
        <balance>90352.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>711250.32000000</valUSD>
        <pctVal>0.412966376569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGRICULTURAL BANK OF CHINA LIMITED</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>AGRICULTURAL BANK OF CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000Q43"/>
        </identifiers>
        <balance>2333640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>913880.50000000</valUSD>
        <pctVal>0.530617573153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DINO POLSKA SPOLKA AKCYJNA</name>
        <lei>259400H4L81SMPRTW956</lei>
        <title>DINO POLSKA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLDINPL00011"/>
        </identifiers>
        <balance>24463.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.00915000"/>
        <valUSD>957981.37000000</valUSD>
        <pctVal>0.556223433671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Far Eastern New Century Corporation</name>
        <lei>254900CDLU5OS06M6K24</lei>
        <title>FAR EASTERN NEW CENTURY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001402006"/>
        </identifiers>
        <balance>596678.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>551010.48000000</valUSD>
        <pctVal>0.319927872057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Everbright Limited</name>
        <lei>254900EZ9RZF6UMLY516</lei>
        <title>CHINA EVERBRIGHT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0165000859"/>
        </identifiers>
        <balance>367067.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>429370.15000000</valUSD>
        <pctVal>0.249301026750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reinet Investments S.C.A.</name>
        <lei>222100830RQTFVV22S80</lei>
        <title>REINET INVESTMENTS SCA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0383812293"/>
        </identifiers>
        <balance>26412.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.16250000"/>
        <valUSD>478159.54000000</valUSD>
        <pctVal>0.277629137173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOXCONN TECHNOLOGY CO., LTD</name>
        <lei>3003003OO8QC88ZHCE44</lei>
        <title>FOXCONN TECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002354008"/>
        </identifiers>
        <balance>531000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>1107373.21000000</valUSD>
        <pctVal>0.642963369133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KT&amp;G Corporation</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7033780008"/>
        </identifiers>
        <balance>13720.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>1210099.07000000</valUSD>
        <pctVal>0.702608089130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag</name>
        <lei>213800R83KX5FQFGXS67</lei>
        <title>MOL HUNGARIAN OIL AND GAS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000153937"/>
        </identifiers>
        <balance>114938.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="307.25095000"/>
        <valUSD>1081105.92000000</valUSD>
        <pctVal>0.627712047244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI DEVELOPMENT COMPANY</name>
        <lei>N/A</lei>
        <title>HDC HYUNDAI DEVELOPMENT CO-ENGINEERING &amp; CONSTRUCT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7294870001"/>
        </identifiers>
        <balance>20310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>557775.78000000</valUSD>
        <pctVal>0.323855942595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSAN S.A.</name>
        <lei>N/A</lei>
        <title>COSAN SA INDUSTRIA E COMERCIO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCSANACNOR6"/>
        </identifiers>
        <balance>36600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>467450.91000000</valUSD>
        <pctVal>0.271411489174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RATCH GROUP PUBLIC COMPANY LIMITED</name>
        <lei>2138004IGHN9UQGDSH20</lei>
        <title>RATCH GROUP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0637010Y00"/>
        </identifiers>
        <balance>838400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.58500000"/>
        <valUSD>1959967.30000000</valUSD>
        <pctVal>1.137996808319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alibaba Pictures Group Limited</name>
        <lei>213800DWTSI7ACSGHN32</lei>
        <title>ALIBABA PICTURES GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG0171W1055"/>
        </identifiers>
        <balance>3780000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>612368.29000000</valUSD>
        <pctVal>0.355553462313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Communications Co., Ltd.</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>BANK OF COMMUNICATIONS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000205"/>
        </identifiers>
        <balance>1527181.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>997419.03000000</valUSD>
        <pctVal>0.579121739784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA VANKE CO., LTD.</name>
        <lei>529900E66UJ2DWY7KW55</lei>
        <title>CHINA VANKE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001SR9"/>
        </identifiers>
        <balance>176505.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>614662.67000000</valUSD>
        <pctVal>0.356885625925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Agri-Industries Holdings Limited</name>
        <lei>529900SIMRV6LK11QF20</lei>
        <title>CHINA AGRI-INDUSTRIES HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0606037437"/>
        </identifiers>
        <balance>2924606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>951315.83000000</valUSD>
        <pctVal>0.552353285814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERITZ SECURITIES CO.,LTD</name>
        <lei>988400WORE06JMSEKC47</lei>
        <title>MERITZ SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7008560005"/>
        </identifiers>
        <balance>216199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>912765.92000000</valUSD>
        <pctVal>0.529970425375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Woori Financial Group Inc.</name>
        <lei>N/A</lei>
        <title>WOORI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7316140003"/>
        </identifiers>
        <balance>89437.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>930895.50000000</valUSD>
        <pctVal>0.540496827615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BR Malls Participacoes S.A.</name>
        <lei>N/A</lei>
        <title>BR MALLS PARTICIPACOES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBRMLACNOR9"/>
        </identifiers>
        <balance>107498.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>371884.14000000</valUSD>
        <pctVal>0.215923482185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOLLI - FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME</name>
        <lei>213800ZMDLVEKZIKFX90</lei>
        <title>FF GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS294003009"/>
        </identifiers>
        <balance>14913.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91726000"/>
        <valUSD>7803.94000000</valUSD>
        <pctVal>0.004531126010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINE DRAGONS PAPER (HOLDINGS) LIMITED</name>
        <lei>529900TBMYEYJ2LEV906</lei>
        <title>NINE DRAGONS PAPER HOLDINGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG653181005"/>
        </identifiers>
        <balance>730151.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>614714.98000000</valUSD>
        <pctVal>0.356915998173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Companhia Siderurgica Nacional</name>
        <lei>529900K40TEND42S0T46</lei>
        <title>CIA SIDERURGICA NACIONAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCSNAACNOR6"/>
        </identifiers>
        <balance>130300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>413854.37000000</valUSD>
        <pctVal>0.240292249860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN PRIME MONEY MARKET FUND</name>
        <lei>N/A</lei>
        <title>JPMorgan Prime Money Market Fund - CJPXX 1.2184% 11/24/2017 - Extendable</title>
        <cusip>4812A0367</cusip>
        <identifiers>
          <ticker value="CJPXX"/>
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        <balance>131116.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>131115.52000000</valUSD>
        <pctVal>0.076128332998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="131115.52" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BTS Group Holdings Public Company Limited</name>
        <lei>N/A</lei>
        <title>BTS GROUP HOLDINGS PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0221B10Z05"/>
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        <balance>4090200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.58500000"/>
        <valUSD>1792011.77000000</valUSD>
        <pctVal>1.040478417538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATURA COSMETICOS S.A.</name>
        <lei>N/A</lei>
        <title>NATURA COSMETICOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRNATUACNOR6"/>
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        <balance>86912.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>706496.45000000</valUSD>
        <pctVal>0.410206183128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONGFOR GROUP HOLDINGS LIMITED</name>
        <lei>254900UJX27B2F1JYR13</lei>
        <title>LONGFOR GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5635P1090"/>
        </identifiers>
        <balance>163290.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>610301.43000000</valUSD>
        <pctVal>0.354353401433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NCSOFT CORPORATION</name>
        <lei>N/A</lei>
        <title>NCSOFT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7036570000"/>
        </identifiers>
        <balance>848.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>369358.36000000</valUSD>
        <pctVal>0.214456963035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.</name>
        <lei>254900FU1MWK0I0Q4J61</lei>
        <title>INTERNATIONAL CONTAINER TERMINAL SERVICES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY411571011"/>
        </identifiers>
        <balance>177940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="51.83000000"/>
        <valUSD>413350.88000000</valUSD>
        <pctVal>0.239999913343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNAC CHINA HOLDINGS LIMITED</name>
        <lei>549300OLARYHDXP3WK18</lei>
        <title>SUNAC CHINA HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8569A1067"/>
        </identifiers>
        <balance>92584.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>372017.76000000</valUSD>
        <pctVal>0.216001064669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA UNICOM (HONG KONG) LIMITED</name>
        <lei>5299006RQXYNFYPOUS20</lei>
        <title>CHINA UNICOM HONG KONG LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000049939"/>
        </identifiers>
        <balance>882055.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>936130.01000000</valUSD>
        <pctVal>0.543536090399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINI MSCI EMERGING MARKETS INDEX FUTURE DEC19</name>
        <lei>N/A</lei>
        <title>MINI MSCI EMERGING MARKETS INDEX FUTURE DEC19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MMEZ9"/>
        </identifiers>
        <balance>11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-14859.33000000</valUSD>
        <pctVal>-0.00862762869</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>IFUS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>US MSCI Emerging Markets Equity Index Future Dec 2019</indexName>
                <indexIdentifier>MMEZ9</indexIdentifier>
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            </descRefInstrmnt>
            <expDate>2019-12-20</expDate>
            <notionalAmt>565904.33</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-14859.33</unrealizedAppr>
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        <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>INDUSTRIAL &amp; COMMERCIAL BANK OF CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003G1"/>
        </identifiers>
        <balance>768038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>514350.52000000</valUSD>
        <pctVal>0.298642354960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNK Financial Group Inc.</name>
        <lei>N/A</lei>
        <title>BNK FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7138930003"/>
        </identifiers>
        <balance>190318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>1143992.33000000</valUSD>
        <pctVal>0.664225173696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOTAI MOTOR CO.,LTD.</name>
        <lei>254900ZL0NDWNH1MNQ51</lei>
        <title>HOTAI MOTOR CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002207008"/>
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        <balance>65000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>987848.31000000</valUSD>
        <pctVal>0.573564785435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CONSTRUCTION BANK CORPORATION</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>CHINA CONSTRUCTION BANK CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002H1"/>
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        <balance>1252235.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>955221.74000000</valUSD>
        <pctVal>0.554621136463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LUYE PHARMA GROUP LTD.</name>
        <lei>5299009HZHEY886D5W65</lei>
        <title>LUYE PHARMA GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG570071099"/>
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        <balance>798029.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>569046.37000000</valUSD>
        <pctVal>0.330399875980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA ORIENTAL GROUP COMPANY LIMITED</name>
        <lei>254900JSQWBLJHVYA555</lei>
        <title>CHINA ORIENTAL GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2108V1019"/>
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        <balance>768000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>265489.71000000</valUSD>
        <pctVal>0.154148715961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS FINANCIAL SQUARE PRIME OBLIGATIONS FUND</name>
        <lei>N/A</lei>
        <title>Goldman Sachs Financial Sq Prime Obligations- FPOXX Victory 1.62% 2/28/2018 - Extendable</title>
        <cusip>38141W364</cusip>
        <identifiers>
          <ticker value="FPOXX"/>
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        <balance>150970.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>150969.59999999</valUSD>
        <pctVal>0.087656014951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="150969.59999999" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PT Indofood Sukses Makmur Tbk</name>
        <lei>529900E61EV2GTYWZ485</lei>
        <title>INDOFOOD SUKSES MAKMUR TBK PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000057003"/>
        </identifiers>
        <balance>1900233.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14195.00000000"/>
        <valUSD>1030770.98000000</valUSD>
        <pctVal>0.598486559111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mesaieed Petrochemical Holding Company Q.S.C.</name>
        <lei>N/A</lei>
        <title>MESAIEED PETROCHEMICAL HOLDI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="QA000VSUG130"/>
        </identifiers>
        <balance>497392.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64100000"/>
        <valUSD>407093.70000000</valUSD>
        <pctVal>0.236366867593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIJING ENTERPRISES HOLDINGS LIMITED</name>
        <lei>529900896ODARUEY2V26</lei>
        <title>BEIJING ENTERPRISES HOLDINGS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0392044647"/>
        </identifiers>
        <balance>186348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>856933.62000000</valUSD>
        <pctVal>0.497553058411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MOTOR COMPANY</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005380001"/>
        </identifiers>
        <balance>7791.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>872795.22000000</valUSD>
        <pctVal>0.506762625415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS - PRIME PORTFOL</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Institutional Liquidity Fund - MPFXX 2.0073% 6/18/2018 - Extendable</title>
        <cusip>61747C715</cusip>
        <identifiers>
          <ticker value="MPFXX"/>
        </identifiers>
        <balance>234407.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>234407.34000000</valUSD>
        <pctVal>0.136101660862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="234407.34" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK TELECOM CO.,LTD</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK TELECOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7017670001"/>
        </identifiers>
        <balance>5648.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>1140318.52000000</valUSD>
        <pctVal>0.662092085020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAIC MOTOR Corporation Limited</name>
        <lei>5299003EYHISIDNLZQ19</lei>
        <title>BAIC MOTOR CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001TJ4"/>
        </identifiers>
        <balance>941944.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>581550.75000000</valUSD>
        <pctVal>0.337660172889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINO BIOPHARMACEUTICAL LIMITED</name>
        <lei>529900LPR4ADFEJAR786</lei>
        <title>SINO BIOPHARMACEUTICAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8167W1380"/>
        </identifiers>
        <balance>212000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>269347.14000000</valUSD>
        <pctVal>0.156388418138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUHAN CORPORATION</name>
        <lei>N/A</lei>
        <title>YUHAN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000100008"/>
        </identifiers>
        <balance>3536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>675480.50000000</valUSD>
        <pctVal>0.392197692830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Retail Co.,Ltd</name>
        <lei>N/A</lei>
        <title>GS RETAIL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7007070006"/>
        </identifiers>
        <balance>23480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>809722.86000000</valUSD>
        <pctVal>0.470141532618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NANYA TECHNOLOGY CORPORATION</name>
        <lei>254900STKVKJBRRO0835</lei>
        <title>NANYA TECHNOLOGY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002408002"/>
        </identifiers>
        <balance>167099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>433575.71000000</valUSD>
        <pctVal>0.251742860273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PGE POLSKA GRUPA ENERGETYCZNA SPOLKA AKCYJNA</name>
        <lei>259400MP9VXR0E69MJ89</lei>
        <title>PGE POLSKA GRUPA ENERGETYCZNA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLPGER000010"/>
        </identifiers>
        <balance>345416.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.00915000"/>
        <valUSD>688566.07000000</valUSD>
        <pctVal>0.399795440453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUANENG RENEWABLES CORPORATION LIMITED</name>
        <lei>529900I1Z1Y7IZYMR729</lei>
        <title>HUANENG RENEWABLES CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WS1"/>
        </identifiers>
        <balance>1382820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>470970.92000000</valUSD>
        <pctVal>0.273455278448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIRASIA GROUP BERHAD</name>
        <lei>N/A</lei>
        <title>AIRASIA GROUP BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5099OO006"/>
        </identifiers>
        <balance>1264342.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.18700000"/>
        <valUSD>531464.51000000</valUSD>
        <pctVal>0.308579085026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOCALIZA RENT A CAR S.A.</name>
        <lei>N/A</lei>
        <title>LOCALIZA RENT A CAR SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRENTACNOR4"/>
        </identifiers>
        <balance>34200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>373249.15000000</valUSD>
        <pctVal>0.216716034705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUTURE LAND DEVELOPMENT HOLDINGS LIMITED</name>
        <lei>5493006M8GRAQRCSCD67</lei>
        <title>FUTURE LAND DEVELOPMENT HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3701A1067"/>
        </identifiers>
        <balance>220000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>191953.47000000</valUSD>
        <pctVal>0.111452081984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="153570.21"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANWHA CHEMICAL CORPORATION</name>
        <lei>549300M2V0ZS71BRNR68</lei>
        <title>HANWHA CHEMICAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7009830001"/>
        </identifiers>
        <balance>48723.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>731160.68000000</valUSD>
        <pctVal>0.424526735833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA TELECOM CORPORATION LIMITED</name>
        <lei>529900JXXCCUCX634T88</lei>
        <title>CHINA TELECOM CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002V2"/>
        </identifiers>
        <balance>2425952.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>1104759.12000000</valUSD>
        <pctVal>0.641445575404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Rural Commercial Bank Co., Ltd.</name>
        <lei>300300C1126750000027</lei>
        <title>CHONGQING RURAL COMMERCIAL BANK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000X44"/>
        </identifiers>
        <balance>1544488.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>821557.13000000</valUSD>
        <pctVal>0.477012750055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weichai Power Co., Ltd.</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>WEICHAI POWER CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004L9"/>
        </identifiers>
        <balance>406891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>586507.68000000</valUSD>
        <pctVal>0.340538267090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELEFONICA BRASIL S.A.</name>
        <lei>529900MTGG2HSDBIWG79</lei>
        <title>TELEFONICA BRASIL S.A.- PREF</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRVIVTACNPR7"/>
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        <balance>90736.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>1196772.42000000</valUSD>
        <pctVal>0.694870365564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAZPROM PAO</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>GAZPROM PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0007661625"/>
        </identifiers>
        <balance>301424.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="64.88250000"/>
        <valUSD>1049461.44000000</valUSD>
        <pctVal>0.609338619667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JASTRZEBSKA SPOLKA WEGLOWA SPOLKA AKCYJNA</name>
        <lei>259400D4E0H5BGXNIK97</lei>
        <title>JASTRZEBSKA SPOLKA WEGLOWA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLJSW0000015"/>
        </identifiers>
        <balance>45998.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.00915000"/>
        <valUSD>249887.49000000</valUSD>
        <pctVal>0.145089750252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Country Garden Services Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>COUNTRY GARDEN SERVICES HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2453A1085"/>
        </identifiers>
        <balance>148159.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>427123.68000000</valUSD>
        <pctVal>0.247996680657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metallurgical Corporation of China Ltd.</name>
        <lei>3003002HS6H57JTIFW38</lei>
        <title>METALLURGICAL CORP OF CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FF3"/>
        </identifiers>
        <balance>3416132.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>766945.47000000</valUSD>
        <pctVal>0.445304111459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Notre Dame Intermedica Participacoes S.A.</name>
        <lei>N/A</lei>
        <title>NOTRE DAME INTERMEDICA PARTICIPACOES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRGNDIACNOR2"/>
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        <balance>36300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>472769.72000000</valUSD>
        <pctVal>0.274499698250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GIANT MANUFACTURING CO., LTD.</name>
        <lei>549300M7TYVF50B2GY12</lei>
        <title>GIANT MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0009921007"/>
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        <balance>102000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>693709.81000000</valUSD>
        <pctVal>0.402782000332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Richter Gedeon Vegyeszeti Gyar Nyilvanosan Mukodo Rt.</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>RICHTER GEDEON NYRT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000123096"/>
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        <balance>68387.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="307.25095000"/>
        <valUSD>1106207.78000000</valUSD>
        <pctVal>0.642286696813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yuanta Financial Holdings Co., Ltd</name>
        <lei>21380045JG57LJEFFE13</lei>
        <title>YUANTA FINANCIAL HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002885001"/>
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        <balance>2389554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>1424898.03000000</valUSD>
        <pctVal>0.827324726448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Abu Dhabi Commercial Bank P.J.S.C.</name>
        <lei>213800RWVKKIRX1AUH58</lei>
        <title>ABU DHABI COMMERCIAL BANK PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEA000201011"/>
        </identifiers>
        <balance>419594.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67315000"/>
        <valUSD>897869.36000000</valUSD>
        <pctVal>0.521321180189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAEWOO ENGINEERING &amp; CONSTRUCTION CO.,LTD</name>
        <lei>988400P76EU13V47BI82</lei>
        <title>DAEWOO ENGINEERING &amp; CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7047040001"/>
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        <balance>167704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>677181.22000000</valUSD>
        <pctVal>0.393185165392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FILA KOREA LTD.</name>
        <lei>N/A</lei>
        <title>FILA KOREA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7081660003"/>
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        <balance>10828.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>524132.59000000</valUSD>
        <pctVal>0.304322023411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CJ CHEILJEDANG CORP.</name>
        <lei>9884008938PK154I3A92</lei>
        <title>CJ CHEILJEDANG CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7097950000"/>
        </identifiers>
        <balance>4943.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>969053.63000000</valUSD>
        <pctVal>0.562652212631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSCO INTERNATIONAL CORPORATION</name>
        <lei>988400B6ECL5BWA8KC19</lei>
        <title>POSCO INTERNATIONAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7047050000"/>
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        <balance>24789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>395828.20000000</valUSD>
        <pctVal>0.229825889566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LITE-ON TECHNOLOGY CORPORATION</name>
        <lei>2549005GU1PQ73SZBT32</lei>
        <title>LITE-ON TECHNOLOGY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002301009"/>
        </identifiers>
        <balance>297000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>471952.81000000</valUSD>
        <pctVal>0.274025383718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHAILEASE HOLDING COMPANY LIMITED</name>
        <lei>529900L76E6T0JCM3J27</lei>
        <title>CHAILEASE HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG202881093"/>
        </identifiers>
        <balance>240139.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>967537.75000000</valUSD>
        <pctVal>0.561772061926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEN DING TECHNOLOGY HOLDING LIMITED</name>
        <lei>N/A</lei>
        <title>ZHEN DING TECHNOLOGY HOLDING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG989221000"/>
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        <balance>229000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>819320.21000000</valUSD>
        <pctVal>0.475713948886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOTTE SHOPPING CO.,LTD.</name>
        <lei>9884003SJK2VZLLC4B08</lei>
        <title>LOTTE SHOPPING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7023530009"/>
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        <balance>5623.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>606418.09000000</valUSD>
        <pctVal>0.352098655384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SINOPEC ENGINEERING (GROUP) CO., LTD.</name>
        <lei>529900MZVFFC7D57VV51</lei>
        <title>SINOPEC ENGINEERING GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001NV2"/>
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        <balance>988038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>620091.71000000</valUSD>
        <pctVal>0.360037836777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Companhia Brasileira de Distribuicao</name>
        <lei>N/A</lei>
        <title>CIA BRASILEIRA DE DISTRIBUICAO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRPCARACNPR0"/>
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        <balance>35480.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>679719.59000000</valUSD>
        <pctVal>0.394658994551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MINSHENG BANKING CORP., LTD.</name>
        <lei>549300HBUGSQD1VCXG94</lei>
        <title>CHINA MINSHENG BANKING CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HF9"/>
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        <balance>1576288.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>1071716.59000000</valUSD>
        <pctVal>0.622260411611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LG Uplus Corp</name>
        <lei>N/A</lei>
        <title>LG UPLUS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7032640005"/>
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        <balance>68743.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>784468.46000000</valUSD>
        <pctVal>0.455478315228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TURKIYE IS BANKASI ANONIM SIRKETI</name>
        <lei>789000FIRX9MDN0KTM91</lei>
        <title>TURKIYE IS BANKASI AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAISCTR91N2"/>
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        <balance>776090.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="5.64650000"/>
        <valUSD>861787.71000000</valUSD>
        <pctVal>0.500371441620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALPHA BANK S.A.</name>
        <lei>5299009N55YRQC69CN08</lei>
        <title>ALPHA BANK AE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS015003007"/>
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        <balance>312275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91726000"/>
        <valUSD>583179.34000000</valUSD>
        <pctVal>0.338605765309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CYFROWY POLSAT SPOLKA AKCYJNA</name>
        <lei>259400EM1ITR201TTX36</lei>
        <title>CYFROWY POLSAT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLCFRPT00013"/>
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        <balance>177097.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.00915000"/>
        <valUSD>1167056.04000000</valUSD>
        <pctVal>0.677616431993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPAC FINANCIAL HOLDINGS COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>SINOPAC FINANCIAL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002890001"/>
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        <balance>4187965.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>1633366.42000000</valUSD>
        <pctVal>0.948365706293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KCC Corporation</name>
        <lei>N/A</lei>
        <title>KCC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7002380004"/>
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        <balance>2006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>365596.29000000</valUSD>
        <pctVal>0.212272628810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mega Financial Holding Company Ltd.</name>
        <lei>N/A</lei>
        <title>MEGA FINANCIAL HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002886009"/>
        </identifiers>
        <balance>814000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>754323.20000000</valUSD>
        <pctVal>0.437975365222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORANGE POLSKA SPOLKA AKCYJNA</name>
        <lei>259400TOMPUOLS65II22</lei>
        <title>ORANGE POLSKA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLTLKPL00017"/>
        </identifiers>
        <balance>603264.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.00915000"/>
        <valUSD>831356.67000000</valUSD>
        <pctVal>0.482702561943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHANG HWA COMMERCIAL BANK, LTD.</name>
        <lei>549300FHFNGCSKDTHT42</lei>
        <title>CHANG HWA COMMERCIAL BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002801008"/>
        </identifiers>
        <balance>1422000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>992322.20000000</valUSD>
        <pctVal>0.576162416804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELEKOM MALAYSIA BERHAD</name>
        <lei>254900SNFPTSDGGVEK77</lei>
        <title>TELEKOM MALAYSIA BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL4863OO006"/>
        </identifiers>
        <balance>313500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.18700000"/>
        <valUSD>269548.60000000</valUSD>
        <pctVal>0.156505389904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAELIM INDUSTRIAL CO.,LTD</name>
        <lei>988400LJMYZ3ZOXJVE47</lei>
        <title>DAELIM INDUSTRIAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000210005"/>
        </identifiers>
        <balance>11622.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>1010481.96000000</valUSD>
        <pctVal>0.586706342164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF CHINA LIMITED</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>BANK OF CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001Z5"/>
        </identifiers>
        <balance>2575084.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>1011717.57000000</valUSD>
        <pctVal>0.587423762417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMK NORIL'SKIY NIKEL' PAO</name>
        <lei>253400JPTEEW143W3E47</lei>
        <title>MMC NORILSK NICKEL PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0007288411"/>
        </identifiers>
        <balance>2316.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="64.88250000"/>
        <valUSD>595611.70000000</valUSD>
        <pctVal>0.345824245944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LENOVO GROUP LIMITED</name>
        <lei>254900VUZRGD5U73RE46</lei>
        <title>LENOVO GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0992009065"/>
        </identifiers>
        <balance>1012000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>675148.61000000</valUSD>
        <pctVal>0.392004990757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qatar Islamic Bank (Q.P.S.C)</name>
        <lei>254900CFGPXJI71OHT95</lei>
        <title>QATAR ISLAMIC BANK SAQ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="QA0006929853"/>
        </identifiers>
        <balance>124620.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64100000"/>
        <valUSD>533939.03000000</valUSD>
        <pctVal>0.310015841579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI INDUSTRIAL HOLDINGS LIMITED</name>
        <lei>529900S37EMGYP84J616</lei>
        <title>SHANGHAI INDUSTRIAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0363006039"/>
        </identifiers>
        <balance>491209.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>914821.47000000</valUSD>
        <pctVal>0.531163919440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIC Limited</name>
        <lei>2549006I3Q3M98KHOT11</lei>
        <title>CITIC LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0267001375"/>
        </identifiers>
        <balance>953703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>1204385.50000000</valUSD>
        <pctVal>0.699290674383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAANSHAN IRON &amp; STEEL COMPANY LIMITED</name>
        <lei>529900A75J4LKKIUAJ17</lei>
        <title>MAANSHAN IRON &amp; STEEL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003R8"/>
        </identifiers>
        <balance>1442000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>542630.81000000</valUSD>
        <pctVal>0.315062465519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NK LUKOIL PAO</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009024277"/>
        </identifiers>
        <balance>5510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="64.88250000"/>
        <valUSD>457521.29000000</valUSD>
        <pctVal>0.265646150197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZANO S.A.</name>
        <lei>391200AW174YQSDMGG41</lei>
        <title>SUZANO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSUZBACNOR0"/>
        </identifiers>
        <balance>30871.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.16540000"/>
        <valUSD>249390.01000000</valUSD>
        <pctVal>0.144800903263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO Shipping Energy Transportation Co., Ltd.</name>
        <lei>529900IGB8FVHRCR1W95</lei>
        <title>COSCO SHIPPING ENERGY TRANSPORTATION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002S8"/>
        </identifiers>
        <balance>1560361.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>690671.82000000</valUSD>
        <pctVal>0.401018081657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yanzhou Coal Mining Company Limited</name>
        <lei>3003005N7A6HYZ4Z0K39</lei>
        <title>YANZHOU COAL MINING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004Q8"/>
        </identifiers>
        <balance>536536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>544789.98000000</valUSD>
        <pctVal>0.316316123460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SURGUTNEFTEGAZ PAO</name>
        <lei>2138002GZLU65FRAC894</lei>
        <title>SURGUTNEFTEGAS PJSC</title>
        <cusip>868861105</cusip>
        <identifiers>
          <isin value="US8688611057"/>
        </identifiers>
        <balance>306910.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1743248.80000000</valUSD>
        <pctVal>1.012165647104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELKOM SA SOC LIMITED</name>
        <lei>N/A</lei>
        <title>TELKOM SA SOC LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000044897"/>
        </identifiers>
        <balance>149751.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.16250000"/>
        <valUSD>697175.47000000</valUSD>
        <pctVal>0.404794232893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wistron Corporation</name>
        <lei>254900DIEONKUALBFM06</lei>
        <title>WISTRON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003231007"/>
        </identifiers>
        <balance>651000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.02450000"/>
        <valUSD>525634.58000000</valUSD>
        <pctVal>0.305194109301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIMAO PROPERTY HOLDINGS LIMITED</name>
        <lei>254900WTJ6B5CU69ZD26</lei>
        <title>SHIMAO PROPERTY HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG810431042"/>
        </identifiers>
        <balance>95016.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>277555.22000000</valUSD>
        <pctVal>0.161154196038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RESOURCES PHARMACEUTICAL GROUP LIMITED</name>
        <lei>3003004H1KDKMJ8JD874</lei>
        <title>CHINA RESOURCES PHARMACEUTICAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000311099"/>
        </identifiers>
        <balance>533637.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>500322.98000000</valUSD>
        <pctVal>0.290497680430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E-MART Inc.</name>
        <lei>988400SAX0Q74FRA9981</lei>
        <title>E-MART INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7139480008"/>
        </identifiers>
        <balance>7466.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>705311.21000000</valUSD>
        <pctVal>0.409518008719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSY GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>SSY GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8406X1034"/>
        </identifiers>
        <balance>692547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>547719.39000000</valUSD>
        <pctVal>0.318016998383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anglo American Platinum Limited</name>
        <lei>529900RORCZ0E5S5FX81</lei>
        <title>ANGLO AMERICAN PLATINUM LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000013181"/>
        </identifiers>
        <balance>12236.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.16250000"/>
        <valUSD>736806.93000000</valUSD>
        <pctVal>0.427805063221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Corp.</name>
        <lei>N/A</lei>
        <title>LG CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
        </identifiers>
        <balance>17428.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1196.15000000"/>
        <valUSD>1019905.53000000</valUSD>
        <pctVal>0.592177858236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CONCH VENTURE HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>CHINA CONCH VENTURE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2116J1085"/>
        </identifiers>
        <balance>142789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>528214.02000000</valUSD>
        <pctVal>0.306691784536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA EVERBRIGHT BANK COMPANY LIMITED</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>CHINA EVERBRIGHT BANK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QW3"/>
        </identifiers>
        <balance>2214633.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>943551.07000000</valUSD>
        <pctVal>0.547844908507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Railway Construction Corporation Limited</name>
        <lei>3003008XPPXMY0STYT17</lei>
        <title>CHINA RAILWAY CONSTRUCTION CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000981"/>
        </identifiers>
        <balance>711840.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83940000"/>
        <valUSD>778180.58000000</valUSD>
        <pctVal>0.451827444435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qatar Fuel Company QPSC</name>
        <lei>N/A</lei>
        <title>QATAR FUEL QSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="QA0001200771"/>
        </identifiers>
        <balance>167758.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64100000"/>
        <valUSD>1084137.80000000</valUSD>
        <pctVal>0.629472418330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2019-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios II</ncom:nameOfApplicant>
      <ncom:signature>Allan Shaer</ncom:signature>
      <ncom:signerName>Allan Shaer</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
