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    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001592900</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000065423</seriesId>
        <classId>C000211567</classId>
      </seriesClassInfo>


    </filerInfo>
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      <regName>Alpha Architect ETF Trust</regName>
      <regFileNumber>811-22961</regFileNumber>
      <regCik>0001592900</regCik>
      <regLei>5493004OW9VWINAYRX18</regLei>
      <regStreet1>213 Foxcroft Road</regStreet1>
      <regCity>Broomall</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>PA</regZipOrPostalCode>
      <regPhone>2158829983</regPhone>
      <seriesName>Freedom 100 Emerging Markets ETF</seriesName>
      <seriesId>S000065423</seriesId>
      <seriesLei>549300WUYOZ027YGQK87</seriesLei>
      <repPdEnd>2020-09-30</repPdEnd>
      <repPdDate>2020-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>16460583.19</totAssets>
      <totLiabs>27300.35</totLiabs>
      <netAssets>16433282.84</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0</amtPayAftOneYrOther>
      <delayDeliv>0</delayDeliv>
      <standByCommit>0</standByCommit>
      <liquidPref>0</liquidPref>
      <cshNotRptdInCorD>823.70</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000211567" rtn1="12.29" rtn2="0.67" rtn3="8.44"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="0.00" netUnrealizedAppr="1507402.47"/>
        <othMon2 netRealizedGain="-4.60" netUnrealizedAppr="66748.70"/>
        <othMon3 netRealizedGain="0.00" netUnrealizedAppr="1259795.37"/>
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      <mon1Flow redemption="0.00" reinvestment="0.00" sales="0.00"/>
      <mon2Flow redemption="0.00" reinvestment="0.00" sales="1082125.00"/>
      <mon3Flow redemption="0.00" reinvestment="0.00" sales="0.00"/>
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    <invstOrSecs>
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        <title>BCO CREDITO INVERS</title>
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        <identifiers>
          <ticker value="CHILE CI"/>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>EMPRESAS CMPC SA</name>
        <lei>N/A</lei>
        <title>EMPRESAS CMPC SA</title>
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          <ticker value="CMPC CI"/>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMPRESAS COPEC SA</name>
        <lei>549300Q3IDJYG6Z7PA50</lei>
        <title>EMPRESAS COPEC SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COPEC CI"/>
          <other otherDesc="SEDOL" value="2196026"/>
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        <balance>42835</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="821.4"/>
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        <pctVal>1.75</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COLBUN S.A.</name>
        <lei>5493003VQJLE2QB8IF36</lei>
        <title>COLBUN S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COLBUN CI"/>
          <other otherDesc="SEDOL" value="2309255"/>
        </identifiers>
        <balance>918912</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="821.4"/>
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        <pctVal>0.89</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <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>GPO BIMBO SAB</name>
        <lei>5493000RIXURZEBFEV60</lei>
        <title>GPO BIMBO SAB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BIMBOA MM"/>
          <other otherDesc="SEDOL" value="2392471"/>
        </identifiers>
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        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.9845"/>
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        <pctVal>0.18</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GPO CARSO SAB DE C</name>
        <lei>5493007R35VF4W6YVW92</lei>
        <title>GPO CARSO SAB DE C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GCARSOA1 MM"/>
          <other otherDesc="SEDOL" value="2393452"/>
        </identifiers>
        <balance>4582</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.9845"/>
        <valUSD>8877.13</valUSD>
        <pctVal>0.05</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GPO FIN BANORTE</name>
        <lei>N/A</lei>
        <title>GPO FIN BANORTE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GFNORTEO MM"/>
          <other otherDesc="SEDOL" value="2421041"/>
        </identifiers>
        <balance>22688</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.9845"/>
        <valUSD>78504.06</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LATAM AIRLINES GP</name>
        <lei>549300HX3UUDPEFTG707</lei>
        <title>LATAM AIRLINES GP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LTM CI"/>
          <other otherDesc="SEDOL" value="2518932"/>
        </identifiers>
        <balance>28062</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="821.4"/>
        <valUSD>40142.26</valUSD>
        <pctVal>0.24</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>DR REDDYS LABS LTD</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>DR REDDYS LABS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RDY"/>
          <other otherDesc="SEDOL" value="2748881"/>
        </identifiers>
        <balance>248</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
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        <name>GRUPO MEXICO SAB</name>
        <lei>529900JWLZAYET2ZGW20</lei>
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        <identifiers>
          <ticker value="GMEXICOB MM"/>
          <other otherDesc="SEDOL" value="2643674"/>
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        <balance>29557</balance>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICA MOVIL SAB</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>AMERICA MOVIL SAB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AMXL MM"/>
          <other otherDesc="SEDOL" value="2667470"/>
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        <balance>182508</balance>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FALABELLA SA</name>
        <lei>5493004CKJQ7H391LM41</lei>
        <title>FALABELLA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FALAB CI"/>
          <other otherDesc="SEDOL" value="2771672"/>
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        <balance>95654</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="821.4"/>
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        <pctVal>1.84</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>GPO FIN INBURSA SA</name>
        <lei>N/A</lei>
        <title>GPO FIN INBURSA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GFINBURO MM"/>
          <other otherDesc="SEDOL" value="2822398"/>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARCA CONTINENTAL SAB DE CV</name>
        <lei>254900U2BSJCQHJCXN24</lei>
        <title>ARCA CONTINENTAL SAB DE CV</title>
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        <identifiers>
          <ticker value="AC* MM"/>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENEL AMERICAS S A</name>
        <lei>549300LKH11TFCJLZK20</lei>
        <title>ENEL AMERICAS S A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ENIA"/>
          <other otherDesc="SEDOL" value="2314947"/>
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        <balance>106634</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>800821.34</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRUPO ELEKTRA SAB</name>
        <lei>4469000001BCXPDCGY70</lei>
        <title>GRUPO ELEKTRA SAB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ELEKTRA* MM"/>
          <other otherDesc="SEDOL" value="2967084"/>
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        <pctVal>0.21</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST AMERN FDS INC</name>
        <lei>549300R5MYM6VZF1RM44</lei>
        <title>FIRST AMERN FDS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FGXXX"/>
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        <balance>33247</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33247.09</valUSD>
        <pctVal>0.20</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FMX"/>
          <other otherDesc="SEDOL" value="2246039"/>
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        <balance>1004</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62258.04</valUSD>
        <pctVal>0.38</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HDFC BANK LTD - ADR</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC BANK LTD - ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HDB"/>
          <other otherDesc="SEDOL" value="2781648"/>
        </identifiers>
        <balance>3067</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>139425.82</valUSD>
        <pctVal>0.85</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>ICICI BANK LIMITED</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI BANK LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IBN"/>
          <other otherDesc="SEDOL" value="2569286"/>
        </identifiers>
        <balance>6868</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63803.72</valUSD>
        <pctVal>0.39</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>INFOSYS LTD</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>INFOSYS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="INFY"/>
          <other otherDesc="SEDOL" value="2398822"/>
        </identifiers>
        <balance>7538</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>72817.08</valUSD>
        <pctVal>0.44</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>BANK PEKAO SA</name>
        <lei>5493000LKS7B3UTF7H35</lei>
        <title>BANK PEKAO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PEO PW"/>
          <other otherDesc="SEDOL" value="5473113"/>
        </identifiers>
        <balance>28119</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>382662.33</valUSD>
        <pctVal>2.33</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>ASSECO POLAND SA</name>
        <lei>259400O79EWIK4XZPL40</lei>
        <title>ASSECO POLAND SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ACP PW"/>
          <other otherDesc="SEDOL" value="5978953"/>
        </identifiers>
        <balance>10098</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>168457.40</valUSD>
        <pctVal>1.03</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>AYALA LAND INC</name>
        <lei>254900EWT10TQ6DKTV34</lei>
        <title>AYALA LAND INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ALI PM"/>
          <other otherDesc="SEDOL" value="6055112"/>
        </identifiers>
        <balance>176516</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>119743.92</valUSD>
        <pctVal>0.73</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>BARITO PACIFIC TBK</name>
        <lei>254900CLXCIVO1KCF078</lei>
        <title>BARITO PACIFIC TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BRPT IJ"/>
          <other otherDesc="SEDOL" value="6070706"/>
        </identifiers>
        <balance>611165</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>49629.08</valUSD>
        <pctVal>0.30</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>BK OF PHILIP ISLAN</name>
        <lei>549300UW4UH6XT2X8C50</lei>
        <title>BK OF PHILIP ISLAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BPI PM"/>
          <other otherDesc="SEDOL" value="6074968"/>
        </identifiers>
        <balance>38604</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>55785.01</valUSD>
        <pctVal>0.34</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>DISCOVERY LIMITED</name>
        <lei>378900245A26169C8132</lei>
        <title>DISCOVERY LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DSY SJ"/>
          <other otherDesc="SEDOL" value="6177878"/>
        </identifiers>
        <balance>5798</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>34933.35</valUSD>
        <pctVal>0.21</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>CHAROEN POKPHAND</name>
        <lei>529900JL5SA37OU87X40</lei>
        <title>CHAROEN POKPHAND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CPIN IJ"/>
          <other otherDesc="SEDOL" value="6315344"/>
        </identifiers>
        <balance>159973</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>62432.58</valUSD>
        <pctVal>0.38</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>LG CHEMICAL</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG CHEMICAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="051910 KS"/>
          <other otherDesc="SEDOL" value="6346913"/>
        </identifiers>
        <balance>617</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>251601.20</valUSD>
        <pctVal>1.53</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>FORMOSA PLASTIC</name>
        <lei>254900KM6G17UTG1QN82</lei>
        <title>FORMOSA PLASTIC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1301 TT"/>
          <other otherDesc="SEDOL" value="6348544"/>
        </identifiers>
        <balance>78742</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.5045"/>
        <valUSD>233788.04</valUSD>
        <pctVal>1.42</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>FORMOSA CHEM&amp;FIBRE</name>
        <lei>254900OJX8UZOAIVSU82</lei>
        <title>FORMOSA CHEM&amp;FIBRE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1326 TT"/>
          <other otherDesc="SEDOL" value="6348715"/>
        </identifiers>
        <balance>61250</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.5045"/>
        <valUSD>157149.76</valUSD>
        <pctVal>0.96</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>SIAM COMMERCIAL BK</name>
        <lei>54930068OELHUBHH1U03</lei>
        <title>SIAM COMMERCIAL BK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SCB-R TB"/>
          <other otherDesc="SEDOL" value="6363172"/>
        </identifiers>
        <balance>16216</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>38038.02</valUSD>
        <pctVal>0.23</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>KASIKORNBANK PLC THB10 (NVDR)</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>KASIKORNBANK PLC THB10 (NVDR)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KBANK-R TB"/>
          <other otherDesc="SEDOL" value="6364766"/>
        </identifiers>
        <balance>15750</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>47518.81</valUSD>
        <pctVal>0.29</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>GUDANG GARAM TBK</name>
        <lei>5299005TDQ8UGGR3AM31</lei>
        <title>GUDANG GARAM TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GGRM IJ"/>
          <other otherDesc="SEDOL" value="6366999"/>
        </identifiers>
        <balance>9962</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>32898.66</valUSD>
        <pctVal>0.20</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>BANGKOK BANK                    THB10 (NVDR)</name>
        <lei>549300CCL2BKJGMYXV60</lei>
        <title>BANGKOK BANK                    THB10 (NVDR)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BBL-R TB"/>
          <other otherDesc="SEDOL" value="6368360"/>
        </identifiers>
        <balance>11666</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>40387.03</valUSD>
        <pctVal>0.25</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>MEDIATEK INC</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MEDIATEK INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2454 TT"/>
          <other otherDesc="SEDOL" value="6372480"/>
        </identifiers>
        <balance>26624</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.5045"/>
        <valUSD>522472.71</valUSD>
        <pctVal>3.18</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>CHAROEN POK FOODS</name>
        <lei>529900FJ3AI2GKGIWK15</lei>
        <title>CHAROEN POK FOODS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CPF-R TB"/>
          <other otherDesc="SEDOL" value="6410874"/>
        </identifiers>
        <balance>22050</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>22651.06</valUSD>
        <pctVal>0.14</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>FUBON FINANCIAL HL</name>
        <lei>549300G7Y2TS2XNIB476</lei>
        <title>FUBON FINANCIAL HL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2881 TT"/>
          <other otherDesc="SEDOL" value="6411673"/>
        </identifiers>
        <balance>129869</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.5045"/>
        <valUSD>193233.21</valUSD>
        <pctVal>1.18</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>ADVANCED INFO SERV THB1(NVDR)</name>
        <lei>529900DU2YW1NO5RMU78</lei>
        <title>ADVANCED INFO SERV THB1(NVDR)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ADVANC-R TB"/>
          <other otherDesc="SEDOL" value="6412609"/>
        </identifiers>
        <balance>6650</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>39804.25</valUSD>
        <pctVal>0.24</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>CATHAY FINL HLDG</name>
        <lei>5299009XR1QLFAMQ3X77</lei>
        <title>CATHAY FINL HLDG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2882 TT"/>
          <other otherDesc="SEDOL" value="6425663"/>
        </identifiers>
        <balance>163335</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.5045"/>
        <valUSD>231678.89</valUSD>
        <pctVal>1.41</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>HON HAI PRECISION</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>HON HAI PRECISION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2317 TT"/>
          <other otherDesc="SEDOL" value="6438564"/>
        </identifiers>
        <balance>218770</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.5045"/>
        <valUSD>639897.34</valUSD>
        <pctVal>3.90</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>CAPITEC BANK HLDGS</name>
        <lei>N/A</lei>
        <title>CAPITEC BANK HLDGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CPI SJ"/>
          <other otherDesc="SEDOL" value="6440859"/>
        </identifiers>
        <balance>939</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>46467.04</valUSD>
        <pctVal>0.28</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>HYUNDAI MOBIS</name>
        <lei>988400HJA9E0ZVDHRS65</lei>
        <title>HYUNDAI MOBIS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="012330 KS"/>
          <other otherDesc="SEDOL" value="6449544"/>
        </identifiers>
        <balance>901</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>143818.43</valUSD>
        <pctVal>0.88</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>SK HYNIX INC</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="000660 KS"/>
          <other otherDesc="SEDOL" value="6450267"/>
        </identifiers>
        <balance>7214</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>510380.68</valUSD>
        <pctVal>3.11</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>HYUNDAI MOTOR CO</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="005380 KS"/>
          <other otherDesc="SEDOL" value="6451055"/>
        </identifiers>
        <balance>2053</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>166752.38</valUSD>
        <pctVal>1.02</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>LARGAN PRECISION C</name>
        <lei>N/A</lei>
        <title>LARGAN PRECISION C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="3008 TT"/>
          <other otherDesc="SEDOL" value="6451668"/>
        </identifiers>
        <balance>1881</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.5045"/>
        <valUSD>260430.95</valUSD>
        <pctVal>1.59</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>INTL CONTAINER TER</name>
        <lei>254900FU1MWK0I0Q4J61</lei>
        <title>INTL CONTAINER TER</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ICT PM"/>
          <other otherDesc="SEDOL" value="6455819"/>
        </identifiers>
        <balance>32070</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>65974.41</valUSD>
        <pctVal>0.40</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>INDAH KIAT PULP&amp;PA</name>
        <lei>529900F19DXXA9HNCB51</lei>
        <title>INDAH KIAT PULP&amp;PA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="INKP IJ"/>
          <other otherDesc="SEDOL" value="6462422"/>
        </identifiers>
        <balance>58212</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>24348.39</valUSD>
        <pctVal>0.15</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>JG SUMMIT HLDGS</name>
        <lei>8945008FXJ2QCVCRJM25</lei>
        <title>JG SUMMIT HLDGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="JGS PM"/>
          <other otherDesc="SEDOL" value="6466457"/>
        </identifiers>
        <balance>81840</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>106519.30</valUSD>
        <pctVal>0.65</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>METROPOLITAN BANK</name>
        <lei>549300SQYI82RVWFN715</lei>
        <title>METROPOLITAN BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MBT PM"/>
          <other otherDesc="SEDOL" value="6514442"/>
        </identifiers>
        <balance>47938</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>35598.72</valUSD>
        <pctVal>0.22</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>NAVER CORP</name>
        <lei>N/A</lei>
        <title>NAVER CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="035420 KS"/>
          <other otherDesc="SEDOL" value="6560393"/>
        </identifiers>
        <balance>1852</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>411093.65</valUSD>
        <pctVal>2.50</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>MTN GROUP LTD</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MTN SJ"/>
          <other otherDesc="SEDOL" value="6563206"/>
        </identifiers>
        <balance>28164</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>85745.81</valUSD>
        <pctVal>0.52</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>FIRSTRAND LTD</name>
        <lei>N/A</lei>
        <title>FIRSTRAND LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FSR SJ"/>
          <other otherDesc="SEDOL" value="6606996"/>
        </identifiers>
        <balance>52157</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>114398.24</valUSD>
        <pctVal>0.70</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>SIAM CEMENT CO</name>
        <lei>529900SEH9QK8ZZDCQ89</lei>
        <title>SIAM CEMENT CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SCC-R TB"/>
          <other otherDesc="SEDOL" value="6609928"/>
        </identifiers>
        <balance>4782</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>56936.86</valUSD>
        <pctVal>0.35</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>NAN YA PLASTIC</name>
        <lei>254900L66RP14M9UOM28</lei>
        <title>NAN YA PLASTIC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1303 TT"/>
          <other otherDesc="SEDOL" value="6621580"/>
        </identifiers>
        <balance>89045</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.5045"/>
        <valUSD>194963.72</valUSD>
        <pctVal>1.19</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>NEDBANK GROUP LTD</name>
        <lei>N/A</lei>
        <title>NEDBANK GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NED SJ"/>
          <other otherDesc="SEDOL" value="6628008"/>
        </identifiers>
        <balance>7982</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>46712.12</valUSD>
        <pctVal>0.28</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>POSCO</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="005490 KS"/>
          <other otherDesc="SEDOL" value="6693233"/>
        </identifiers>
        <balance>998</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>144367.13</valUSD>
        <pctVal>0.88</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>FORMOSA PETROCHEMI</name>
        <lei>529900UWWAOQ8470E792</lei>
        <title>FORMOSA PETROCHEMI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="6505 TT"/>
          <other otherDesc="SEDOL" value="6718716"/>
        </identifiers>
        <balance>21879</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.5045"/>
        <valUSD>65626.99</valUSD>
        <pctVal>0.40</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>SAMSUNG ELECTRONIC</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONIC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="005930 KS"/>
          <other otherDesc="SEDOL" value="6771720"/>
        </identifiers>
        <balance>30032</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>1318277.09</valUSD>
        <pctVal>8.03</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>SASOL</name>
        <lei>N/A</lei>
        <title>SASOL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SOL SJ"/>
          <other otherDesc="SEDOL" value="6777450"/>
        </identifiers>
        <balance>9907</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>75476.47</valUSD>
        <pctVal>0.46</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>SM PRIME HLDGS</name>
        <lei>254900SZK83MIAB8CU32</lei>
        <title>SM PRIME HLDGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SMPH PM"/>
          <other otherDesc="SEDOL" value="6818843"/>
        </identifiers>
        <balance>206500</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>132002.51</valUSD>
        <pctVal>0.80</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>LPP SA</name>
        <lei>259400NUS7MKGPJL4752</lei>
        <title>LPP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LPP PW"/>
          <other otherDesc="SEDOL" value="7127979"/>
        </identifiers>
        <balance>176</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>267360.92</valUSD>
        <pctVal>1.63</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>CD PROJEKT SA</name>
        <lei>259400TYO5Q8SH8TL437</lei>
        <title>CD PROJEKT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CDR PW"/>
          <other otherDesc="SEDOL" value="7302215"/>
        </identifiers>
        <balance>8785</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>876879.03</valUSD>
        <pctVal>5.34</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>SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SQM"/>
          <other otherDesc="SEDOL" value="2771122"/>
        </identifiers>
        <balance>5617</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146435.19</valUSD>
        <pctVal>0.89</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>TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TSM"/>
          <other otherDesc="SEDOL" value="2113382"/>
        </identifiers>
        <balance>26839</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1523650.03</valUSD>
        <pctVal>9.28</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>TATA MTRS LTD</name>
        <lei>335800BO2LHWJJ8TZI32</lei>
        <title>TATA MTRS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TTM"/>
          <other otherDesc="SEDOL" value="B02ZP96"/>
        </identifiers>
        <balance>676</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4441.32</valUSD>
        <pctVal>0.03</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>VEDANTA LTD</name>
        <lei>335800XDKX9KB5EMCO07</lei>
        <title>VEDANTA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="VEDL"/>
          <other otherDesc="SEDOL" value="BXBZC86"/>
        </identifiers>
        <balance>920</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5161.20</valUSD>
        <pctVal>0.03</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>WNS HLDGS LTD</name>
        <lei>529900RM7QHUD3W9DM42</lei>
        <title>WNS HLDGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WNS"/>
          <other otherDesc="SEDOL" value="B194GX4"/>
        </identifiers>
        <balance>89</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4893.22</valUSD>
        <pctVal>0.03</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WIPRO LTD</name>
        <lei>335800IFS1IJHESG8362</lei>
        <title>WIPRO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WIT"/>
          <other otherDesc="SEDOL" value="2646123"/>
        </identifiers>
        <balance>2656</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8791.36</valUSD>
        <pctVal>0.05</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>CENT PATTANA PUB</name>
        <lei>N/A</lei>
        <title>CENT PATTANA PUB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CPN-R TB"/>
          <other otherDesc="SEDOL" value="B013L15"/>
        </identifiers>
        <balance>15516</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>24473.19</valUSD>
        <pctVal>0.15</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>BANGKOK DUSIT MEDI THB1(NVDR)</name>
        <lei>N/A</lei>
        <title>BANGKOK DUSIT MEDI THB1(NVDR)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BDMS-R TB"/>
          <other otherDesc="SEDOL" value="B013SV4"/>
        </identifiers>
        <balance>57400</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>41785.97</valUSD>
        <pctVal>0.25</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>BANK PERMATA</name>
        <lei>5493003MGU02RFSRZT53</lei>
        <title>BANK PERMATA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BNLI IJ"/>
          <other otherDesc="SEDOL" value="B013ZT1"/>
        </identifiers>
        <balance>71145</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>6325.11</valUSD>
        <pctVal>0.04</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>BK CENTRAL ASIA</name>
        <lei>254900BR956G2OHVOM21</lei>
        <title>BK CENTRAL ASIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BBCA IJ"/>
          <other otherDesc="SEDOL" value="B01C1P6"/>
        </identifiers>
        <balance>248955</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>496254.37</valUSD>
        <pctVal>3.02</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>STANDARD BK GR LTD</name>
        <lei>2549003PEZXUT7MDBU41</lei>
        <title>STANDARD BK GR LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SBK SJ"/>
          <other otherDesc="SEDOL" value="B030GJ7"/>
        </identifiers>
        <balance>20318</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>122358.80</valUSD>
        <pctVal>0.75</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>CCC SA</name>
        <lei>259400NWPQ2HCSMZP970</lei>
        <title>CCC SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CCC PW"/>
          <other otherDesc="SEDOL" value="B04QR13"/>
        </identifiers>
        <balance>4363</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>65814.99</valUSD>
        <pctVal>0.40</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>EUROCASH SA</name>
        <lei>259400FVIQJS5VD8JO79</lei>
        <title>EUROCASH SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="EUR PW"/>
          <other otherDesc="SEDOL" value="B064B91"/>
        </identifiers>
        <balance>10258</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>44907.76</valUSD>
        <pctVal>0.27</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>SM INVEST CORP</name>
        <lei>254900YB8UATFP21AF80</lei>
        <title>SM INVEST CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SM PM"/>
          <other otherDesc="SEDOL" value="B068DB9"/>
        </identifiers>
        <balance>10563</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>199069.88</valUSD>
        <pctVal>1.21</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>AXIS BANK</name>
        <lei>549300HVNWMJPOFVNI41</lei>
        <title>AXIS BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AXB LI"/>
          <other otherDesc="SEDOL" value="B06CDW2"/>
        </identifiers>
        <balance>1143</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30575.25</valUSD>
        <pctVal>0.19</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>AYALA CORP</name>
        <lei>254900QJ68UH8GKNGI69</lei>
        <title>AYALA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AC PM"/>
          <other otherDesc="SEDOL" value="B09JBT3"/>
        </identifiers>
        <balance>5832</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>90947.60</valUSD>
        <pctVal>0.55</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>CELLTRION INC</name>
        <lei>N/A</lei>
        <title>CELLTRION INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="068270 KS"/>
          <other otherDesc="SEDOL" value="B0C5YV1"/>
        </identifiers>
        <balance>1448</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>368365.13</valUSD>
        <pctVal>2.24</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>SANLAM</name>
        <lei>37890014418406D9FC23</lei>
        <title>SANLAM</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SLM SJ"/>
          <other otherDesc="SEDOL" value="B0L6750"/>
        </identifiers>
        <balance>32300</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>109711.11</valUSD>
        <pctVal>0.67</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>RELIANCE INDS GDR</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>RELIANCE INDS GDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RIGD LI"/>
          <other otherDesc="SEDOL" value="B16CYP9"/>
        </identifiers>
        <balance>3523</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>162762.60</valUSD>
        <pctVal>0.99</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMPALA PLATINUM</name>
        <lei>254900BZFIFB4PD2Z778</lei>
        <title>IMPALA PLATINUM</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IMP SJ"/>
          <other otherDesc="SEDOL" value="B1FFT76"/>
        </identifiers>
        <balance>12352</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>82572.08</valUSD>
        <pctVal>0.50</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>MANILA ELECTRIC CO</name>
        <lei>N/A</lei>
        <title>MANILA ELECTRIC CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MER PM"/>
          <other otherDesc="SEDOL" value="B247XZ6"/>
        </identifiers>
        <balance>5250</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>28238.84</valUSD>
        <pctVal>0.17</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>CYFROWY POLSAT SA</name>
        <lei>259400EM1ITR201TTX36</lei>
        <title>CYFROWY POLSAT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CPS PW"/>
          <other otherDesc="SEDOL" value="B2QRCM4"/>
        </identifiers>
        <balance>36519</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>242764.63</valUSD>
        <pctVal>1.48</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>CHANDRA ASRI PETRO</name>
        <lei>N/A</lei>
        <title>CHANDRA ASRI PETRO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TPIA IJ"/>
          <other otherDesc="SEDOL" value="B39NJF8"/>
        </identifiers>
        <balance>36005</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>16572.13</valUSD>
        <pctVal>0.10</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>ADARO ENERGY TBK</name>
        <lei>529900P2WAH7XA87OI24</lei>
        <title>ADARO ENERGY TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ADRO IJ"/>
          <other otherDesc="SEDOL" value="B3BQFC4"/>
        </identifiers>
        <balance>328072</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>22851.36</valUSD>
        <pctVal>0.14</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>KRUK SA</name>
        <lei>259400T1FZYBIW8XUJ78</lei>
        <title>KRUK SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KRU PW"/>
          <other otherDesc="SEDOL" value="B4PTLY0"/>
        </identifiers>
        <balance>2269</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>61882.34</valUSD>
        <pctVal>0.38</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>BDO UNIBANK INC</name>
        <lei>3FGIIBS1PEI1FYQBGN97</lei>
        <title>BDO UNIBANK INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BDO PM"/>
          <other otherDesc="SEDOL" value="B5VJH76"/>
        </identifiers>
        <balance>39094</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.825"/>
        <valUSD>76893.37</valUSD>
        <pctVal>0.47</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>KALBE FARMA</name>
        <lei>529900PRQI8S32HOE387</lei>
        <title>KALBE FARMA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KLBF IJ"/>
          <other otherDesc="SEDOL" value="B7311V6"/>
        </identifiers>
        <balance>464685</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>47493.18</valUSD>
        <pctVal>0.29</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>PTT GLOBAL CHEMICA</name>
        <lei>5493007X3230PPPZFF40</lei>
        <title>PTT GLOBAL CHEMICA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PTTGC-R TB"/>
          <other otherDesc="SEDOL" value="B73BGD3"/>
        </identifiers>
        <balance>14466</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>21646.93</valUSD>
        <pctVal>0.13</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>ALIOR BANK SA</name>
        <lei>259400QHDOZWMJ103294</lei>
        <title>ALIOR BANK SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ALR PW"/>
          <other otherDesc="SEDOL" value="B8W8F13"/>
        </identifiers>
        <balance>12481</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>50948.65</valUSD>
        <pctVal>0.31</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>SARANA MENARA NUSA</name>
        <lei>N/A</lei>
        <title>SARANA MENARA NUSA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TOWR IJ"/>
          <other otherDesc="SEDOL" value="BCDBLX3"/>
        </identifiers>
        <balance>601696</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14285"/>
        <valUSD>42963.24</valUSD>
        <pctVal>0.26</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>DINO POLSKA SA</name>
        <lei>259400H4L81SMPRTW956</lei>
        <title>DINO POLSKA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DNP PW"/>
          <other otherDesc="SEDOL" value="BD0YVN2"/>
        </identifiers>
        <balance>5958</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.9563"/>
        <valUSD>302094.08</valUSD>
        <pctVal>1.84</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>GULF ENERGY DEVELO</name>
        <lei>N/A</lei>
        <title>GULF ENERGY DEVELO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GULF-R TB"/>
          <other otherDesc="SEDOL" value="BFN4H35"/>
        </identifiers>
        <balance>19831</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.9075"/>
        <valUSD>24221.31</valUSD>
        <pctVal>0.15</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>ABSA GROUP LTD</name>
        <lei>2138006IPPRD4N6XLT30</lei>
        <title>ABSA GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ABG SJ"/>
          <other otherDesc="SEDOL" value="BFX05H3"/>
        </identifiers>
        <balance>11523</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.3525"/>
        <valUSD>56643.82</valUSD>
        <pctVal>0.34</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>SAMSUNG C&amp;T CORP</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>SAMSUNG C&amp;T CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="028260 KS"/>
          <other otherDesc="SEDOL" value="BSXN8K7"/>
        </identifiers>
        <balance>1177</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>113507.09</valUSD>
        <pctVal>0.69</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>BECLE SAB DE CV</name>
        <lei>529900JY55CZKMJLCE09</lei>
        <title>BECLE SAB DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CUERVO * MM"/>
          <other otherDesc="SEDOL" value="BYM4063"/>
        </identifiers>
        <balance>5676</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.9845"/>
        <valUSD>10910.21</valUSD>
        <pctVal>0.07</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG BIOLOGICS</name>
        <lei>N/A</lei>
        <title>SAMSUNG BIOLOGICS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="207940 KS"/>
          <other otherDesc="SEDOL" value="BYNJCV6"/>
        </identifiers>
        <balance>224</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85"/>
        <valUSD>144323.90</valUSD>
        <pctVal>0.88</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>ITAU CORPBANCA</name>
        <lei>549300DDPTTIZ06NIV06</lei>
        <title>ITAU CORPBANCA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ITAUCORP CC"/>
          <other otherDesc="SEDOL" value="BYT25P4"/>
        </identifiers>
        <balance>18289902</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="821.4"/>
        <valUSD>49409.90</valUSD>
        <pctVal>0.30</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>
    </invstOrSecs>
    <signature>
      <dateSigned xmlns="http://www.sec.gov/edgar/nportcommon">2020-06-30</dateSigned>
      <nameOfApplicant xmlns="http://www.sec.gov/edgar/nportcommon">Alpha Architect ETF Trust</nameOfApplicant>
      <signature xmlns="http://www.sec.gov/edgar/nportcommon">Patrick Cleary</signature>
      <signerName xmlns="http://www.sec.gov/edgar/nportcommon">Patrick Cleary</signerName>
      <title xmlns="http://www.sec.gov/edgar/nportcommon">Chief Compliance Officer</title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
