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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petrobras Global Finance B.V.</name>
        <lei>549300FNENFFSMO3GT38</lei>
        <title>Petrobras Global Finance B.V.</title>
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          <isin value="US71645WAR25"/>
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        <curCd>USD</curCd>
        <valUSD>102732.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EIB Sukuk Co. Ltd.</name>
        <lei>549300IIDFP0RTSSG071</lei>
        <title>EIB Sukuk Co. Ltd.</title>
        <cusip>LW1350260</cusip>
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          <isin value="XS1418855455"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202859.40000000</valUSD>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-31</maturityDt>
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      <invstOrSec>
        <name>Philippine Government International Bond</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>Philippine Government International Bond</title>
        <cusip>718286BK2</cusip>
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          <isin value="US718286BK23"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204024.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sberbank of Russia Via SB Capital S.A.</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>Sberbank of Russia Via SB Capital S.A., Series 7</title>
        <cusip>N/A</cusip>
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          <isin value="XS0638572973"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208314.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-06-16</maturityDt>
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          <annualizedRt>5.71700000</annualizedRt>
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      <invstOrSec>
        <name>Chile Government International Bond</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Chile Government International Bond</title>
        <cusip>168863AW8</cusip>
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          <isin value="US168863AW86"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306003.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Alfa Bank AO Via Alfa Bond Issuance PLC</name>
        <lei>54930015QM0G7XTNYR27</lei>
        <title>Alfa Bank AO Via Alfa Bond Issuance PLC</title>
        <cusip>N/A</cusip>
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          <isin value="XS0620695204"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212158.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-28</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colombia Government International Bond</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government International Bond</title>
        <cusip>195325BN4</cusip>
        <identifiers>
          <isin value="US195325BN40"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309525.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Huarong Finance II Co., Ltd.</name>
        <lei>549300BHVD63HE2GHX17</lei>
        <title>Huarong Finance II Co., Ltd.</title>
        <cusip>AL2762634</cusip>
        <identifiers>
          <isin value="XS1515239942"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205010.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <name>Sinopec Group Overseas Development (2016) Ltd.</name>
        <lei>5299002BJODD4TLAOX51</lei>
        <title>Sinopec Group Overseas Development (2016) Ltd.</title>
        <cusip>82939CAG2</cusip>
        <identifiers>
          <isin value="US82939CAG24"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200941.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Abu Dhabi Government International Bond</name>
        <lei>213800FER4348CINTA77</lei>
        <title>Abu Dhabi Government International Bond</title>
        <cusip>JK9193471</cusip>
        <identifiers>
          <isin value="XS1402929589"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200871.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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        <name>Invesco Premier U.S. Government Money Portfolio</name>
        <lei>N/A</lei>
        <title>Invesco Premier U.S. Government Money Portfolio, Institutional Class</title>
        <cusip>00142W843</cusip>
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          <isin value="US00142W8432"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Eskom Holdings SOC Ltd.</name>
        <lei>3789001900ED06F65111</lei>
        <title>Eskom Holdings SOC Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="XS0579851949"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>401124.80000000</valUSD>
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        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Abu Dhabi National Energy Co. PJSC</name>
        <lei>213800UNJSVQFNUYYW03</lei>
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        <cusip>00386SAJ1</cusip>
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          <isin value="US00386SAJ15"/>
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        <invCountry>AE</invCountry>
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        <name>Turkiye Vakiflar Bankasi T.A.O.</name>
        <lei>789000KAIHOLSQKQ9858</lei>
        <title>Turkiye Vakiflar Bankasi T.A.O.</title>
        <cusip>90015WAD5</cusip>
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        <name>Banco Bradesco S.A.</name>
        <lei>549300CTUU1RFXHQJE44</lei>
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          <maturityDt>2021-01-16</maturityDt>
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        <name>Indian Oil Corp. Ltd.</name>
        <lei>335800J8OBWE4VFUDG88</lei>
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          <isin value="XS0654493823"/>
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        <balance>200000.00000000</balance>
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        <name>Indonesia Government International Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Government International Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USY20721AU39"/>
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        <balance>200000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-05</maturityDt>
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        <name>CNOOC Finance (2011) Ltd.</name>
        <lei>N/A</lei>
        <title>CNOOC Finance (2011) Ltd.</title>
        <cusip>12621VAA3</cusip>
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          <isin value="US12621VAA35"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204429.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Black Sea Trade &amp; Development Bank</name>
        <lei>529900J7FSFACAGZ5042</lei>
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        <cusip>09225GAB0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Abu Dhabi Government International Bond</name>
        <lei>213800FER4348CINTA77</lei>
        <title>Abu Dhabi Government International Bond</title>
        <cusip>29134WAA5</cusip>
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          <isin value="US29134WAA53"/>
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        <curCd>USD</curCd>
        <valUSD>200871.20000000</valUSD>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-03</maturityDt>
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      <invstOrSec>
        <name>Jubilant Pharma Ltd.</name>
        <lei>254900FD7PRU3PQBQB82</lei>
        <title>Jubilant Pharma Ltd.</title>
        <cusip>QZ6972702</cusip>
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          <isin value="XS1493722299"/>
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        <balance>133333.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>134943.28000000</valUSD>
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        <invCountry>SG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-10-06</maturityDt>
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      <invstOrSec>
        <name>Hazine Mustesarligi Varlik Kiralama A.S.</name>
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        <title>Hazine Mustesarligi Varlik Kiralama A.S.</title>
        <cusip>LW3161178</cusip>
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          <isin value="XS1303467077"/>
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        <curCd>USD</curCd>
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        <invCountry>TR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-06-08</maturityDt>
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      <invstOrSec>
        <name>Republic of Poland Government International Bond</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>Republic of Poland Government International Bond</title>
        <cusip>857524AA0</cusip>
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          <isin value="US857524AA08"/>
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        <balance>400000.00000000</balance>
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        <invCountry>PL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-21</maturityDt>
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      <invstOrSec>
        <name>Banco Bradesco S.A.</name>
        <lei>549300CTUU1RFXHQJE44</lei>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102350.00000000</valUSD>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-16</maturityDt>
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          <annualizedRt>5.90000000</annualizedRt>
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      <invstOrSec>
        <name>Asian Development Bank</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>Asian Development Bank</title>
        <cusip>045167EF6</cusip>
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          <isin value="US045167EF60"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201900.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Petrobras Global Finance B.V.</name>
        <lei>549300FNENFFSMO3GT38</lei>
        <title>Petrobras Global Finance B.V.</title>
        <cusip>71647NAP4</cusip>
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          <isin value="US71647NAP42"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106990.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-23</maturityDt>
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          <annualizedRt>8.37500000</annualizedRt>
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        <name>PT Perusahaan Listrik Negara</name>
        <lei>254900OYVDRYS9J51J61</lei>
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        <cusip>71568QAA5</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210720.00000000</valUSD>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-22</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>RHB Bank Berhad</name>
        <lei>549300ZHRPSV7QIUJT80</lei>
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        <cusip>QZ6603125</cusip>
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          <isin value="XS1494426932"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202723.00000000</valUSD>
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        <invCountry>MY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Hungary Government International Bond</name>
        <lei>5299008DH62LEB10JK83</lei>
        <title>Hungary Government International Bond</title>
        <cusip>445545AE6</cusip>
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          <isin value="US445545AE60"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>419409.60000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Brazilian Government International Bond</name>
        <lei>254900ZFY40OYEADAP90</lei>
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        <cusip>105756BS8</cusip>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Hazine Mustesarligi Varlik Kiralama Anonim Sirketi</name>
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        <name>Comision Federal de Electricidad</name>
        <lei>4469000001BFPONMPF32</lei>
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        <invCountry>MX</invCountry>
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        <name>Alfa Bank AO Via Alfa Bond Issuance PLC</name>
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        <name>Bank of India</name>
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        <name>Indonesia Government International Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Turkey Government International Bond</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>Turkey Government International Bond</title>
        <cusip>900123BH2</cusip>
        <identifiers>
          <isin value="US900123BH29"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202687.00000000</valUSD>
        <pctVal>1.985849840856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Itau Unibanco Holding S.A.</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding S.A.</title>
        <cusip>46556MAB8</cusip>
        <identifiers>
          <isin value="US46556MAB81"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102082.00000000</valUSD>
        <pctVal>1.000160461471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comision Federal de Electricidad</name>
        <lei>4469000001BFPONMPF32</lei>
        <title>Comision Federal de Electricidad</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP30179AJ79"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103166.00000000</valUSD>
        <pctVal>1.010781079604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Sea Trade &amp; Development Bank</name>
        <lei>529900J7FSFACAGZ5042</lei>
        <title>Black Sea Trade &amp; Development Bank</title>
        <cusip>JK9637378</cusip>
        <identifiers>
          <isin value="XS1405888576"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206436.00000000</valUSD>
        <pctVal>2.022581111502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco do Brasil S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>Banco do Brasil S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3772WAB83"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102196.00000000</valUSD>
        <pctVal>1.001277389947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dolphin Energy Ltd. LLC</name>
        <lei>N/A</lei>
        <title>Dolphin Energy Ltd. LLC</title>
        <cusip>256853AB8</cusip>
        <identifiers>
          <isin value="US256853AB86"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211047.00000000</valUSD>
        <pctVal>2.067757929039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd.</title>
        <cusip>01609WAP7</cusip>
        <identifiers>
          <isin value="US01609WAP77"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102567.72000000</valUSD>
        <pctVal>1.004919360585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asian Development Bank</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>Asian Development Bank</title>
        <cusip>045167DL4</cusip>
        <identifiers>
          <isin value="US045167DL48"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200949.75000000</valUSD>
        <pctVal>1.968828928632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-04-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Self-Indexed Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Sheri Morris</ncom:signature>
      <ncom:signerName>Sheri Morris</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
