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        <balance>1048500</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.6670"/>
        <valUSD>10507833.02</valUSD>
        <pctVal>2.7769902453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Galaxy Entertainment Group Ltd</name>
        <lei>549300ZSEBV3HR826S10</lei>
        <title>Galaxy Entertainment Group, Ltd.</title>
        <cusip>Y2679D118</cusip>
        <identifiers>
          <isin value="HK0027032686"/>
          <ticker value="27 HK"/>
        </identifiers>
        <balance>796002</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>4124151.12</valUSD>
        <pctVal>1.0899228612</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>A-Living Smart City Services C</name>
        <lei>3003007MSHCO6ZTTSZ09</lei>
        <title>A-Living Smart City Services Co., Ltd.</title>
        <cusip>Y0038M100</cusip>
        <identifiers>
          <isin value="CNE100002RY5"/>
          <ticker value="3319 HK"/>
        </identifiers>
        <balance>1688303</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>2879659.11</valUSD>
        <pctVal>0.7610308656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Gas Holdings Ltd</name>
        <lei>254900KTSZLZ21VV8T33</lei>
        <title>China Gas Holdings, Ltd.</title>
        <cusip>G2109G103</cusip>
        <identifiers>
          <isin value="BMG2109G1033"/>
          <ticker value="384 HK"/>
        </identifiers>
        <balance>1930000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>4009695.29</valUSD>
        <pctVal>1.0596746909</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>NagaCorp Ltd</name>
        <lei>549300MMNKN0RBJELS20</lei>
        <title>NagaCorp, Ltd.</title>
        <cusip>G6382M109</cusip>
        <identifiers>
          <isin value="KYG6382M1096"/>
          <ticker value="3918 HK"/>
        </identifiers>
        <balance>8786061</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>7662000.46</valUSD>
        <pctVal>2.0248989964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Minth Group Ltd</name>
        <lei>254900B2AH0G13K9G204</lei>
        <title>Minth Group, Ltd.</title>
        <cusip>G6145U109</cusip>
        <identifiers>
          <isin value="KYG6145U1094"/>
          <ticker value="425 HK"/>
        </identifiers>
        <balance>948000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>4176131.12</valUSD>
        <pctVal>1.1036600374</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>ASM Pacific Technology Ltd</name>
        <lei>529900PYFA1HFYKPT360</lei>
        <title>ASM Pacific Technology, Ltd.</title>
        <cusip>G0535Q133</cusip>
        <identifiers>
          <isin value="KYG0535Q1331"/>
          <ticker value="522 HK"/>
        </identifiers>
        <balance>574082</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>6202730.13</valUSD>
        <pctVal>1.6392457924</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>Chailease Holding Co Ltd</name>
        <lei>529900L76E6T0JCM3J27</lei>
        <title>Chailease Holding Co., Ltd.</title>
        <cusip>G20288109</cusip>
        <identifiers>
          <isin value="KYG202881093"/>
          <ticker value="5871 TT"/>
        </identifiers>
        <balance>1030727</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.6670"/>
        <valUSD>9804088.80</valUSD>
        <pctVal>2.5910060533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUK FOOK HOLD</name>
        <lei>529900U7PECBLERIIX44</lei>
        <title>Luk Fook Holdings International, Ltd.</title>
        <cusip>G5695X125</cusip>
        <identifiers>
          <isin value="BMG5695X1258"/>
          <ticker value="590 HK"/>
        </identifiers>
        <balance>1414000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>3808094.80</valUSD>
        <pctVal>1.0063960945</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>Sany Heavy Industry Co Ltd</name>
        <lei>3003001FS86S7NYOHV89</lei>
        <title>Sany Heavy Industry Co., Ltd., Class A</title>
        <cusip>Y75268105</cusip>
        <identifiers>
          <isin value="CNE000001F70"/>
          <ticker value="600031C1"/>
        </identifiers>
        <balance>1322858</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.3734"/>
        <valUSD>4732350.46</valUSD>
        <pctVal>1.2506566330</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>Haier Smart Home Co Ltd</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>Haier Smart Home Co., Ltd., Class A</title>
        <cusip>Y7166P102</cusip>
        <identifiers>
          <isin value="CNE000000CG9"/>
          <ticker value="600690C1"/>
        </identifiers>
        <balance>1058844</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.3734"/>
        <valUSD>4965771.36</valUSD>
        <pctVal>1.3123446672</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>Proya Cosmetics Co Ltd</name>
        <lei>N/A</lei>
        <title>Proya Cosmetics Co., Ltd., Class A</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CNE100002TP9"/>
          <ticker value="603605C1"/>
        </identifiers>
        <balance>133238</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.3734"/>
        <valUSD>4354788.30</valUSD>
        <pctVal>1.1508752191</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>Tencent Holdings Ltd</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings, Ltd.</title>
        <cusip>G87572163</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
          <ticker value="700 HK"/>
        </identifiers>
        <balance>379900</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>22255350.36</valUSD>
        <pctVal>5.8816019191</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>Tongcheng Travel Holdings Ltd</name>
        <lei>2549004WGGNOPL8NUL61</lei>
        <title>Tongcheng Travel Holdings, Ltd.</title>
        <cusip>G8918W106</cusip>
        <identifiers>
          <isin value="KYG8918W1069"/>
          <ticker value="780 HK"/>
        </identifiers>
        <balance>1916803</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>3549635.19</valUSD>
        <pctVal>0.9380908774</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>Shimao Group Holdings Ltd</name>
        <lei>254900WTJ6B5CU69ZD26</lei>
        <title>Shimao Group Holdings, Ltd.</title>
        <cusip>G81043104</cusip>
        <identifiers>
          <isin value="KYG810431042"/>
          <ticker value="813 HK"/>
        </identifiers>
        <balance>1832351</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>1198444.41</valUSD>
        <pctVal>0.3167226230</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>Xinyi Solar Holdings Ltd</name>
        <lei>529900QF7VIH03SB7Q08</lei>
        <title>Xinyi Solar Holdings, Ltd.</title>
        <cusip>G9829N102</cusip>
        <identifiers>
          <isin value="KYG9829N1025"/>
          <ticker value="968 HK"/>
        </identifiers>
        <balance>4660400</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>7901211.65</valUSD>
        <pctVal>2.0881172775</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>Yum China Holdings Inc</name>
        <lei>529900DO9BYZ7VA3K502</lei>
        <title>Yum China Holdings, Inc.</title>
        <cusip>98850P109</cusip>
        <identifiers>
          <isin value="US98850P1093"/>
          <ticker value="9987 HK"/>
        </identifiers>
        <balance>112150</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>5502794.45</valUSD>
        <pctVal>1.4542681141</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>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding, Ltd.</title>
        <cusip>G01719114</cusip>
        <identifiers>
          <isin value="KYG017191142"/>
          <ticker value="9988 HK"/>
        </identifiers>
        <balance>1241905</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7976"/>
        <valUSD>18936917.06</valUSD>
        <pctVal>5.0046126401</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>Ayala Land Inc</name>
        <lei>254900EWT10TQ6DKTV34</lei>
        <title>Ayala Land, Inc.</title>
        <cusip>Y0488F100</cusip>
        <identifiers>
          <isin value="PHY0488F1004"/>
          <ticker value="ALI PM"/>
        </identifiers>
        <balance>6725800</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>4840650.29</valUSD>
        <pctVal>1.2792779073</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>Aneka Tambang Tbk</name>
        <lei>529900LRE2NALSSHMB80</lei>
        <title>Aneka Tambang Tbk</title>
        <cusip>Y7116R158</cusip>
        <identifiers>
          <isin value="ID1000106602"/>
          <ticker value="ANTM IJ"/>
        </identifiers>
        <balance>45768800</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14252.50"/>
        <valUSD>7243702.17</valUSD>
        <pctVal>1.9143519152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Astra International Tbk PT</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>Astra International Tbk PT</title>
        <cusip>Y7117N172</cusip>
        <identifiers>
          <isin value="ID1000122807"/>
          <ticker value="ASII IJ"/>
        </identifiers>
        <balance>7879400</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14252.50"/>
        <valUSD>3153747.36</valUSD>
        <pctVal>0.8334663901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BDO Unibank Inc</name>
        <lei>3FGIIBS1PEI1FYQBGN97</lei>
        <title>BDO Unibank, Inc.</title>
        <cusip>Y07775102</cusip>
        <identifiers>
          <isin value="PHY077751022"/>
          <ticker value="BDO PM"/>
        </identifiers>
        <balance>2199099</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>5204338.08</valUSD>
        <pctVal>1.3753926289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baidu Inc</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc., ADR</title>
        <cusip>056752108</cusip>
        <identifiers>
          <isin value="US0567521085"/>
          <ticker value="BIDU"/>
        </identifiers>
        <balance>61113</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9093003.27</valUSD>
        <pctVal>2.4030817137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <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>Bank Mandiri Persero Tbk PT</name>
        <lei>549300RSKQN4Z5ZSGH94</lei>
        <title>Bank Mandiri Persero Tbk PT</title>
        <cusip>Y7123S108</cusip>
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          <isin value="ID1000095003"/>
          <ticker value="BMRI IJ"/>
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        <pctVal>1.6306010282</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bukalapak.com PT Tbk</name>
        <lei>89450012N75X9LCSQB06</lei>
        <title>Bukalapak.com PT Tbk</title>
        <cusip>Y1R0GP109</cusip>
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          <isin value="ID1000162001"/>
          <ticker value="BUKA IJ"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CESC Ltd</name>
        <lei>3358009RW8LFOENISG12</lei>
        <title>CESC, Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="INE486A01021"/>
          <ticker value="CESC IN"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Despegar.com Corp</name>
        <lei>N/A</lei>
        <title>Despegar.com Corp.</title>
        <cusip>G27358103</cusip>
        <identifiers>
          <isin value="VGG273581030"/>
          <ticker value="DESP"/>
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        <balance>426190</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DLF Ltd</name>
        <lei>335800PJLUEOB8914F48</lei>
        <title>DLF, Ltd.</title>
        <cusip>Y2089H105</cusip>
        <identifiers>
          <isin value="INE271C01023"/>
          <ticker value="DLFU IN"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Freshworks Inc</name>
        <lei>254900ULRGCUEIK0K191</lei>
        <title>Freshworks, Inc., Class A</title>
        <cusip>358054104</cusip>
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          <isin value="US3580541049"/>
          <ticker value="FRSH"/>
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        <curCd>USD</curCd>
        <valUSD>3294579.60</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HDFC Bank Ltd</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC Bank, Ltd., ADR</title>
        <cusip>40415F101</cusip>
        <identifiers>
          <isin value="US40415F1012"/>
          <ticker value="HDB"/>
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        <balance>29700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1932579</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ICICI Bank Ltd</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI Bank, Ltd., ADR</title>
        <cusip>45104G104</cusip>
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          <isin value="US45104G1040"/>
          <ticker value="IBN"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Infosys Ltd</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys, Ltd.</title>
        <cusip>Y4082C133</cusip>
        <identifiers>
          <isin value="INE009A01021"/>
          <ticker value="INFO IN"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Infosys Ltd</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys, Ltd., ADR</title>
        <cusip>456788108</cusip>
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          <isin value="US4567881085"/>
          <ticker value="INFY"/>
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        <curCd>USD</curCd>
        <valUSD>8056173</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIAN RUPIES  /</name>
        <lei>N/A</lei>
        <title>INDIAN RUPIES  /</title>
        <cusip>999999999</cusip>
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          <ticker value="INR"/>
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        <balance>116805659.57</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
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        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Land &amp; Houses PCL</name>
        <lei>529900O7AEACUWP7KS87</lei>
        <title>Land &amp; Houses PCL</title>
        <cusip>Y5172C180</cusip>
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          <isin value="TH0143010Z08"/>
          <ticker value="LH TB"/>
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        <currencyConditional curCd="THB" exchangeRt="33.4050"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitra Adiperkasa Tbk PT</name>
        <lei>N/A</lei>
        <title>Mitra Adiperkasa Tbk PT</title>
        <cusip>Y71299104</cusip>
        <identifiers>
          <isin value="ID1000099807"/>
          <ticker value="MAPI IJ"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Megaworld Corp</name>
        <lei>254900P57OOZ5AY5C521</lei>
        <title>Megaworld Corp.</title>
        <cusip>Y59481112</cusip>
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          <isin value="PHY594811127"/>
          <ticker value="MEG PM"/>
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        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>MercadoLibre Inc</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MercadoLibre, Inc.</title>
        <cusip>58733R102</cusip>
        <identifiers>
          <isin value="US58733R1023"/>
          <ticker value="MELI"/>
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        <balance>5355</balance>
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        <curCd>USD</curCd>
        <valUSD>7220682</valUSD>
        <pctVal>1.9082681882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMB MONEY MARKET FIDUCIARY   /</name>
        <lei>N/A</lei>
        <title>UMB MONEY MARKET FIDUCIARY   /</title>
        <cusip>SF8888528</cusip>
        <identifiers>
          <ticker value="MMFIDU"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16705539.71</valUSD>
        <pctVal>4.4149084525</pctVal>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nanofilm Technologies Internat</name>
        <lei>N/A</lei>
        <title>Nanofilm Technologies International, Ltd.</title>
        <cusip>Y62025104</cusip>
        <identifiers>
          <isin value="SGXE61652363"/>
          <ticker value="NANO SP"/>
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        <balance>940800</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
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        <pctVal>0.7047918284</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pagseguro Digital Ltd</name>
        <lei>N/A</lei>
        <title>Pagseguro Digital, Ltd., Class A</title>
        <cusip>G68707101</cusip>
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          <isin value="KYG687071012"/>
          <ticker value="PAGS"/>
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        <balance>220062</balance>
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        <curCd>USD</curCd>
        <valUSD>5770025.64</valUSD>
        <pctVal>1.5248914678</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Philippine Pesos  /</name>
        <lei>N/A</lei>
        <title>Philippine Pesos  /</title>
        <cusip>999999999</cusip>
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          <ticker value="PHP"/>
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        <balance>16932147.70</balance>
        <units>OU</units>
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        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PB Fintech Ltd</name>
        <lei>98450083AC6B01HF1F87</lei>
        <title>PB Fintech, Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="INE417T01026"/>
          <ticker value="POLICYBZ"/>
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        <balance>337500</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.3357"/>
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        <pctVal>1.1402452268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dr Reddy's Laboratories Ltd</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>Dr Reddy's Laboratories, Ltd., ADR</title>
        <cusip>256135203</cusip>
        <identifiers>
          <isin value="US2561352038"/>
          <ticker value="RDY"/>
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        <balance>62514</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4089040.74</valUSD>
        <pctVal>1.0806439564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Reliance Industries Ltd</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>Reliance Industries, Ltd.</title>
        <cusip>Y72596102</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
          <ticker value="RIL IN"/>
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        <balance>172533</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.3357"/>
        <valUSD>5496471.06</valUSD>
        <pctVal>1.4525969806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State Bank of India</name>
        <lei>5493001JZ37UBBZF6L49</lei>
        <title>State Bank of India</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="INE062A01020"/>
          <ticker value="SBIN IN"/>
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        <balance>815000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.3357"/>
        <valUSD>5048270.88</valUSD>
        <pctVal>1.3341474843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Siam Commercial Bank PCL/The</name>
        <lei>54930068OELHUBHH1U03</lei>
        <title>Siam Commercial Bank PCL</title>
        <cusip>Y7905M105</cusip>
        <identifiers>
          <isin value="TH0015010000"/>
          <ticker value="SCB TB"/>
        </identifiers>
        <balance>650000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.4050"/>
        <valUSD>2467238.89</valUSD>
        <pctVal>0.6520372295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sea Ltd</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>Sea, Ltd., ADR</title>
        <cusip>81141R100</cusip>
        <identifiers>
          <isin value="US81141R1005"/>
          <ticker value="SE"/>
        </identifiers>
        <balance>36500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8165415</valUSD>
        <pctVal>2.1579404394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <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>Star Health &amp; Allied Insurance</name>
        <lei>335800P3BYVJE1S5SB43</lei>
        <title>Star Health &amp; Allied Insurance Co., Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="INE575P01011"/>
          <ticker value="STARHEAL"/>
        </identifiers>
        <balance>307376</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.3357"/>
        <valUSD>3256910.29</valUSD>
        <pctVal>0.8607300942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Telekom Malaysia Bhd</name>
        <lei>254900SNFPTSDGGVEK77</lei>
        <title>Telekom Malaysia Bhd</title>
        <cusip>Y8578H118</cusip>
        <identifiers>
          <isin value="MYL4863OO006"/>
          <ticker value="T MK"/>
        </identifiers>
        <balance>3274600</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.1660"/>
        <valUSD>4323163.71</valUSD>
        <pctVal>1.1425175323</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>Tata Power Co Ltd/The</name>
        <lei>335800H5R3TGTJ7LQ663</lei>
        <title>Tata Power Co., Ltd.</title>
        <cusip>Y85481169</cusip>
        <identifiers>
          <isin value="INE245A01021"/>
          <ticker value="TPWR IN"/>
        </identifiers>
        <balance>1408590</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.3357"/>
        <valUSD>4186789.93</valUSD>
        <pctVal>1.1064769275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>TAIWANESE DOLLAR  /</name>
        <lei>N/A</lei>
        <title>TAIWANESE DOLLAR  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TWD"/>
        </identifiers>
        <balance>2</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="TWD" exchangeRt="27.6670"/>
        <valUSD>0.07</valUSD>
        <pctVal>0.0000000185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB Capital Markets Reverse Repo   /</name>
        <lei>N/A</lei>
        <title>UMB Capital Markets Reverse Repo   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="UMB REPO"/>
        </identifiers>
        <balance>-45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-45000000</valUSD>
        <pctVal>-11.8925149268</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.750</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="N/A" name="UMB"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>1.75</repurchaseRt>
          <maturityDt>2022-02-20</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>45000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>52487921.47</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>EQT</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Robina Corp</name>
        <lei>N/A</lei>
        <title>Universal Robina Corp.</title>
        <cusip>Y9297P100</cusip>
        <identifiers>
          <isin value="PHY9297P1004"/>
          <ticker value="URC PM"/>
        </identifiers>
        <balance>1928440</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>4840718.14</valUSD>
        <pctVal>1.2792958386</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-01-13</ncom:dateSigned>
      <ncom:nameOfApplicant>INVESTMENT MANAGERS SERIES TRUST II</ncom:nameOfApplicant>
      <ncom:signature>/s/ Terrance P. Gallagher</ncom:signature>
      <ncom:signerName>Terrance P. Gallagher</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
